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Metit. s; Pat. Officer
Volume 164
New York, N. Y.,
Ntimber 4517
-
RAILROAD
-
PUBLIC UTILITY
INDUSTRIAL
-
Price 60 Cents
Monday, August 19, 1946
-
INSURANCE
a
Copy
MISCELLANEOUS
-
Stock and Bond Quotations
New York Stock Exchange (Stocks) 111
New York Stock Exchange (Bonds)!_ 1
New York
'■
Consol.
*
'
Curb; ;Exchange„vl---«---l--.
Baltimore Stock Exciiang-el—j-iilwill-
Net income
Boston :Stock;; Exch'Snge^>^ill'lllli:lX:l
.Chicago. Stock '.Ekchangewl-^ll^^-l^ll^«
Cincinnati Stock Exchange..........^..
earned surplus,
Dec. 31
Cleveland Stock : ExchangeDetroit
Stock
Exchange.
_
Los Angeles Stock Exchange.
Philadelphia
...
Stock Exchange.—
Pittsburgk^Stock-;Exchangeillllii#l£lf
St. Louis Stock Exchange
Montreal Stock .Exchange
.
Montreal Curb
.——- -
Exchange.^_^_______.__
TorOntO' Stock'Exchange^....
...—.
Toronto* Stock Exchange^CurbSection.
:6ver^i^nnte^;lferfets: i£
Transactions
tfew York' Stock Exchange
Transactions New York Curb Exchange.
Stockand Bond
Averages^«^-^t-l-.lll
Miscellaneous Features
General: Corporation add Investment.News-r5 949<
State ah^cjity' Bohd Offerings: and* Sales^. . 999f
-
Redemption Calls & Sinking Fund Notices
Dividends?; Declared and: Payablei. I... -r_
The*Course lof Bank Cie'iringSL.
....
I
991
993?
..
_ .
990>
ForeigiTExehahgterRdteslli:lll^X:-^:^^^$9^
" 991
....^-1.1..
Federal Reserve Banks
Condition
Stateihen^O^ MdiaibefBanks
*^FedcralyReservb*:)Syste*iafc^
■pppW-^PPP^i SPECIALIST W P'P'P'P% r
electronics,
^iSDIYERSIFIEDV:S
Pp'iBpp Municipal Bunds
■'
'
"
;
industrials
MUNICIPAL DEPARTMENT
INVESTMENT FUND
'
'
•
qAllen
^pp-Pp* \p;p PpP:-p^
&
Company
Established 1922 \
SO BROAD STREET
Telephone:
HAnover 2-2600"
■
NEW YORK 4, N. Y.
~
Belt Teletype: NY 1-575
Kobbe, Gcarliart & Company
'i..incorporated
4.;
..
l
X'; Members New York Security Dealers Association
.<
-45 NASSAU STREET,
Telephone
~
REctor 2-3600
• \ 1 Philadelphia
NEW YORK ft '
Telephone
Enterprise 6015
.."-J"
PROSPECTUS ON REQUEST
■
v-
" Bell Teletype
New York 1-570
r
HUGH W. LONG and COMPANY
V .;
INCORPORATED
^
48 WALL STREET
634 SO. SPRING ST.
;
LOS ANGELES 14
NEW YORK S
vwaifif1!
THE COMMERCIAL
950
Report
American International Corp.—Quarterly
scribed
• </
and
Cash
on
v."
Dec. 31,
$1,916,289.>.$1,841,375
June 30,'46-
w
hand-
-------
Bank
Govt,
loan
for each $1,000 of debt_-=. -'
Asset coverage
v--!'25,658,359
3'85?'9?2
—
—.
.
6,919
•
.
»
^
$25
During the six months ended June 30, 1946, the corporation reduced i.
bank loan by <$1,500,000 representing amortization required underloan as a result of increases in the market value of net assets
of
such
specified levels.
Stockholders
tion's
price
,
advised
were
'
*
<
May
on
-
<
13:
*
\
the sale
of
1946
'
' \
*
-
capital
Based
loss* for purposes
current
on
that
believed
is
paid during 1946 may be non-taxable to
Federal income tax laws and regulations.
income
Federal
of "determining
it
estimates
recipients
present
under
1944:,
1943
$403,063
$367,894
$349,043
W-"!".:
12,758
19,382
—
rPj'V-'
27,084
34,139
!
'
4
'
v,
1,290
1,800
main
•
activity
i
$364,608
$417,441
$403,834
$377,927
companies
Oper. and other exps.—
80,950
76,498
87,451
217,848
79,298
processees
Interest
112,930
•
$56,807
KAL71NCE*"SHEET^''•S&5?
ASSETS^
r
-
^
-
June 30,'46 Dec. 31/45;
•
: ? ;
.
,
Investments—other than-U» S. Govtv oblig.i
V
;
*■ .* 't
$13,884,692.$14,763,859
7
General, portfolio, securities^-*—:.*.—
Allied Machinery Co. of America—_—_—
Cash
obligations—at- cost-—a:-.;;—L-*.
intere8t^and:ilividflndSi:i-i.i'i^-l_
vU. S. Govt,
i'Accrued
Amount receivable for
Accounts
302,033
-
,
^$17,261,480 $18.626.988
^
Other
int.,
incl.
unclaimed
matured
interest--
-
and accrd. taxes and-.exps.ii«ContihgencieSwis^L-i-^yiy-^-----'
320
3,714
34,314
•27,338
directors
60,000
2,531,185
Trustees
;Earned^surplur^^y.y—i.----i;';':9,826i>089*;'
9,047,772'
of
----------
Total
American
V. Unfilled
orders
at
July
16,
;- v
Report—
1945-..
V 1944
•
of the
new
Massachusetts
law
company
.
1943
$
$
<•:
^
-
.
Investors
of
firm
oper.__.
profit
.other charges
;
■
■■
acquire
310,641
23,090,247
164, p.
dividends
700,000
3,359,469
1,138,029
965,354
1,245,353
of
credits
over
164.
government contract advances
of
1946
'LIABILITIES—Accounts
(contra),
payable,
payroll,
other
than
$9,536,195;
|
.
"}5"
f
1
outstanding 250,000 preferred
convertible, series A, and 102 000
v.-.'v-v.'to
offered
was
which
program
included
last,
$25,000,000
.I
„
buWicly to refund
'
.
.
a simtlar amount
only funded debt.
the
are
holders
common
also
$2,330,175;
investments—at
$10,266,997;
for
reserve
other
and
expenses
income
taxes,
reportedly
involved nearly $500,000.—V.
past
for
164,
2.-
p.
;
,-
income
and
excess
under
and
pension
costs,
$2,647,526; war and other con¬
tingencies, $2,633,000), $7,886,898; capital stock: 7% cumulative
pre¬
ferred stock (par $100), $20,000,000; common stock
($1 par), $1,779,076; capital surplus, $13,344,350; earned
surplus, $17,974,256; total,
$104,800,238.
assets
of
the
Canadian
subsidiary not consolidated
which
30,
1946, at the U. S. dollar-equivalent, aggregate $8,318,367,
American Locomotive Co.'s equity amounted to
$4,753,353.
June 30, 1946, the rate of
exchange between the U. S. dollar
Canadian dollar returned to
approximately par; on this
basis,
30,
1948,
the
subsidiary
Locomotive
Co.'s
p.
U.
S.
would
equity
dollar
have
therein
equivalent of
aggregated
would
have
the
net
$9,081,079
amounted
assets
and
to
of
the
American
$5,189,188.
821.
fered—Corporation, through
Estabrook & Co., and Har¬
Ripley & Co., Inc., as its agents, made public
offering Aug. 13 of 200,000 shares of common stock
riman
at
TURPOSE-—The
$25
offering is that
per
a
share.
minimum
An unusual feature of the
of $1,500,000 must be
sub-
to
.proceeds
(estimated
at
to
part
and
to
<
engines;
required
sanitary tin cans, and in part for the manufacture
sanitary;.tin cans, for aale jto packers pi Iood_products.
'<
*
CAPITALIZATION GIVING EFFECT TTOTRESENT FINANCING
,
<
1
V
to
of
„r
v
A
Ser.
A
cumul.
Common
pfd.
stock'
NOTE—The
stock
($50
($2.50;, par
;
.
par)
;
'•
Authorized
1
Cumul. pfd. stock ($50 par)____;
|
4'"'
".will'.VWI
$1,916,000)
general funds of the company and used in
engage in the peacetime production of diesel
construct machinery, equipment and facilities
to
in
part
net
the
convert
Outstanding
§
60,000 shs.
M
40,000 shs. !
' 360,810 shs.
^
v
______
value)__
-1,000,000 shs."
authorized
capitalization o? 'the companyT* as of April
30, 1946, consisted of 1,000,000 shares of common stock (par
$2.50)
-Of which there were 360,810 shares
outstanding, and 300,000 shares
of cumulative preferred
stock'(par $10) of which there were no shares
outstanding.
On July 3, 1946, the certificate of incorporation was
amended (i)
to increase the par value of the cumulative
preferred
§?
$
■
from $10 to $50 per
share, and (il) to decrease the authorized
number of shares of cumulative
preferred stock from 300,000 to
60,000.
HISTORY &
1927.
BUSINESS—Company was incorporated in Delaware In
or its predecessors, have been engaged in the manu-
Company,
facture
and
Company
sale
of
intends
Company
cans
engines
also
for
since
and
1905
diesel
engines since
to
engage
in the business of
sale to packers of food products,
taxes
——.
manufacturing
.fivur
presently engaged principally in the manufacture and
Atlas
Imperial heavy duty marine,
stationary and
industrial diesel engines and of Atlas
High-speed diesel engines and in
of
.
"
1943
1944
$386,477
)
the
"$344,268:
,
43,410
22,549
15,231
15,248
merchandising of engine parts, supplies, accessories and service.
UNDERWRITERS—The names of (he principal underwriters and
$357,678
2,884
■•
,
of
.
shares
be
to
by
them
severally,
:
.Biyth & Co., Inc
Shares
Pacific Co.
12,000
of Calif.____
including gains
*
losses on sales of securities
or
*
;
"
'
,
'
!<
(gain in 1946,
'
,
SHEET, JUNE 30,
•'
Pacific
4,000
William R.
2,000
Henry F. Swift & Co
Eateman, Eichler & Co.__
Brush, Slocumb & Co
$296,541
6,000
Leib, O'Connor & Co
21,297
2,000
Walston,
Kaiser
*.
„
&
Northwest
Staats
2,ooo
Co
2,000
Co
Hoffman
Goodwin
.2,000
Co
2,000
2,000
•
<Si
2,000
2,000
STATEMENT OF CONSOLIDATED INCOME
1946
as-
No.ot
Sutro & Co
■
$356,487 ;
$333,659
are
Shares
9,789
'
purchased
No. of
"
23,732
<:
number
follows:
6,319
■
23,047
21,755
20,820
-
1920.
is
distribution
33,738
ASSETS—Cash, $538,277; receivables,
Value, $15,298,580; total, $16,079,890. '
-
■
LIABILITIES—Bank
Investments—book
$243,033;
"
!
\
and
89,911
—V.
Gross
par),
total,
$15,315,852;
sales
of goods sold
Sell., gen. & adm. exp._
$16,079,890.
Profit
Other
Andrews Steel Co.—Sale of Assets—
;
i - Faul D, Angell, Chairman of the
Board,
this
.
has
company
its fixed
sold
to
and
assets, such
on
Aug.
8
sale
includes
the
-—-—Years ended Nov. 30
Apr. 30/46
1945
1944
"
1943
$2,467,940 $13,246,897 $15,889,022 $13,221,330
1,933,414
10,745,057
12,788,758
10,719,827
347,146
1,074,710
801;258
$1,220,468
$2,025,553
$1,700,243
income
$11,575
$19,434
$19,921
$1,240,660
$2,044,988
$1,720,165
2,130
57,061
815,196
65,287
102,095
103,021
1,469,965
1,235,484-
$93,802
charges
for
$20,192
$198,954
income
Prov.
1,281,371
$187,379-
operation-
Income
anounced that
International
5 Mos. End.
$368,402
$509,735
$382,585
vii
tax.'on
inc.-
!
•
as
Wilders, Kentucky.;!
The
fr,
Total
Detrola Corp., Detroit, Mich.,
land, buildings, equipment and machinery, !
jUnd all of the physical inventories of the Andrews plants in Newport
all
discts., &c._
Cost
162, p. 778.
shares—no
common
-,
'1
-
.
loans.
$500,000;
dividends payable
$222,022;
reserve
for Federal
income
taxes, $42,017; reserve for shareholders
and profit and loss
(represented by 68,700 $4'/2 cumulative preferred
"Vh
,
stock
of
Andrews
-"k
.
Co.
'
t
Net
—V.
subsidiaries, such as the
Roofing and Corrugating :;
Newport Rolling Mill .Co., the Globe Iron
Co., the Newport Culvert Co., and the Hardy-Burlingham Mining
See also International Detrola
Corp. below.—V. 160, p. 2.
income
163.
P.
2287.
Aviation Corp. (Del.) (& Subs.) —Earnings—
•
6 Months Ended May 31—
Net
...
,1946
1945
' " 1944
'
$1,982,552 $19,814,423 $33,902,816
16,213,925
24,972,214
sales
Cost of sales__
Arkansas Western Gas
Co.—-Registers
—2,508,602
With SEC—
•
The
company on Aug. 12 filed a registration
for 93,430 shares
($5 par) common stock.
Rollins & Sons, Inc., New York.
-statement
SEC
subscription
is
with
Underwriter,
offering
the
E.
company
stock for
ing
fund
bonds
bonds,
and
3%
common
institutions
series,
stock
due
will
1966.
be
used
$1,500,000
Funds
to
first
from
Total
Expenses
Federeal
mortgage sink¬
sale of the
and
25
the
cents
have
regular
dividend of 59%
outstanding 43A% cumulative convertible preferred stock
per share on the outstanding class A and class B com¬
a
Earnings
quarterly
mon stock, all payable Oct.
1, 1946, to holders of record Sept. 16, 1946.
Previously, the regular quarterly dividend on the class A and class B
common
stock
was
15
cents
per
share.—V.
164,
p.
271.
per common
postwar tax
and
debt
retirement
_
NOTE—Depreciation
;
4,250,000
■
'
!
147,172
542,000
*1,350,000
*4,994,000
$12,723,233 ! $1,593,260
$2.09
$0.27
$2,317,853
Cr350,000
490,000
refund of $90,000 in 1945
credit
$286,396 in 1944.—V.
95,497
500"000
of
$60,000
on
in
sale of
amortization
of
and
1945."
164, p. 271.
$0.40
$555,000
(Deficit,
in 1944
tlncludes
securities.
fixed
assets
during the period in the amount of $167,423 in 1946,
and
268,079
37,253
_
share
and
1,178,011
129,959
•
129,961
extraordinary profit of $16,959,908
"
1,133,425
State
Profit
*After
declared
and
Federal excess profits taxes—
Provision for postwar readjustment
'""V
directors
1,102,010
$4,743,897 $10,032,612
741,101
stock
taxes
Amortization of goodwill
Federal income taxes
Armstrong Rubber Co.—Increases Dividend.
on
$8,930,602
1,143,399
Interest, discounts, etc
the
$840,000 3% % bonds
$210,000
serial
promissory note.
Company will also
deposit
$600,000 with the trustee under the indenture securing the first
mortgage bonds.
Remaining proceeds will be added to general funds.
The
$3,600,498
___
capital
corporation
and
cents
income
..
retire
163,
^
t$526,050
118,020,345
$17,494,295
Other income
H.
to
intends to sell to
Operating profit
the •!
present common stockholders at $10 a share in the
ratio of 3 shares for each 4 shares
held.
Unsubscribed shares will
be sold to underwriters.
At the same time of common stock offering,
V.
American Research & Development
Corp.—Stock Of¬
<
Transfer
sanitary tin
$420,216
Company
net
"*
*'v
Fargo Bank & Union Trust Co., San Francisco,
Agent—American Trust Co., San Francisco, Cal.
The
4M»%. cumulative preferred stock is convertible into
common
stock
on or before
July 31. 1951. '
■■
:
</.
and
BALANCE
con¬
gov¬
1C--X
33,049
29,041
Federal
$2,799).
or :
$2,330,175;
•
Registrar—Wells
J. Barth &
State
•
payable,
$4,111,414; ac¬
advances on
profits taxes
contracts, $10,957,548; fund liabilities
advances—contra: cash fund advances,
service
NOTE—The
(par $50) at $50.75 per share and div.
Cal.
iv
26,558
expenses
Prov.
dividends
items,
$1,178,639;
of
shares
common
Imperial- Diesel* Engine >Cd.-^Preferred Stock
Offered—Biyth & Co., Inc.; Seattle, on July 30 offered
40,000 shares of series A cumulative: preferred stock
and
Approved---
26
8
the
stock
debentures
Aug.
the
authorized capital stock
capital the company plans to
new
cumulative
5,000,000
of
.
Atlas
;
Haussermann,
Shattuck,
$400,097
2,895
_
tNot
liability for purchase of government facilities—instalments due subse¬
quent to June 30, 1947, $780,094;, reserves for deferred credits and
operating reserves, $1,564,837; reserve for accident
indemnity reserves,
$2,117,082; contingency reserves: (income and excess profits
taxes, $2,-
(par $1)
.
there
transaction
.
'
$367,048
<
2,514
Other
-
1946
war
contract
164,
.
this additional authorized debt has been
undertaken.
The -company has sold its
production, acreage and equipment in
and Finney
counties, Kansas, to the Shallow Water Refining
-Co., Morton Bxowny. President of .the .latter
concern, announced.
The
Davis. Dflwv, ^2nd, Is !
.
1945
i
.
$428,572
_
Salaries
cost
accrued
Jr.
V
32,519«*
,
.
income-
Interest
$1,700,000;
(after reserve for possible loss of $1,738,000), $3,357,908;
assets—on basis of cost: land,
$2,188,260; buildings, machinery
equipment (after reserve for depreciation of $28,547,660),
$22,613,907; patterns, drawings and dies, $1,760,000; unused plant sites at
estimated realizable
values, $37,732; deferred charges, $446,846; total,
$104,800,238.
—V.
The
also
are
preference'stock*
of
Stockholders
Scott
the
Total
and
Canadian
f
the sale of the company.«^-V. 163;-
on
$396,053
__
1,231,864
fixed
and
will Increase
authorized
4%
shares
v
authorized, $25 par, of
are 2,663,998
outstanding.
*,
»
V:
the stockholders voted to increase the
company's indebted¬
periodically by additional amounts not to exceed $50,000,000. None
of
v
6 Mos. End. June 30—
Interest
ASSETS—Cash, $16,561,841; U. S. Government securities, at cost,
$11,506,680; accounts receivable (after reserve for doubtful accounts
$80,711), $10,013,963; termination claims and other unbilled charges
(after applying advances received of
$11,230,356), $1,958,132; inven¬
tories, at cost not in excess of market, $32,024,794; fund assets under
renegotiation of
&
821.
p.
of
at June
650,000
preferred.
.
greeting held on Aug. 6 approved the
fNet income
-
Wv
Oscar
m
finance
Last May
ness
270.
Amoskeag Co.- -Earnings—
4,618,125
'
(
CONSOLIDATED BALANCE SHEET, JUNE 30,
June
148,000
debentures.
which
:
electric properties of this company for the
Aug. 10,
1946 totaled 86,464,000 kwh., an increase of
the output of 86,061,000 kwh. for the corresponding week
1945—V.
;
tlncludes excess profits taxes of $22,140,000 and after postwar credit
.of $2,400,000, § Includes Canadian excess profits tax of $1,637,000.
,
at
of
special meeting called for Nov. 1, 1946
rluhsntiivac
There
of "the
output
ended
0.47%
1,183,665
689,773
profits taxes of $12,900,000 and postwar
includes provision for renegotiation.
<
Since
3%
■
Power
week
360,432
3,050,550
excess
of
a
create
•
preferred merles * B
in
a
financing
;
95A 'L
SL
any
v
iat
to
cumulative, series B, .both $100 par,
v..:The
business and goodwill of Sylvania In¬
the assets,
Aug.' 26 - to vote
on
3278.
Income—Dividends
3,950,016-
dividends
606,372;
of
.
volume
stock
*Includes excess profits taxes of $11,343,000 and is after deducting
$882,000 postwar credit on Canadian excess profits taxes,
tlncludes
ernment
3.6%
•
has
company
shares, viz.;
American Watep Works & Electric Coyf Inc.--Output
27,425,106
^191,567:.
meet
will
,
Net profit for period-
taxes,
Trust;
American Viscose Corp.~Acquisition
p.
6,887,240 16,287,638 23,281,813 " 27,785,538
VV 31,224 " : ( 193,169
f 81,263^ :
37,413
§2,906,000 *12,135,000 tl8,750,000 120,730,000
600,000
1,400,000°
2y400,000
Prov;:forj»ostwayadjust.
tracts,
: v-
Corp.
They also voted to increase the authorized'common
stock to 2,500,000 from 2,000,000-shares.
*
.
.
,
.
;
>American. Viscose Corp. -will Issuq 327,411 shares of> Its common
stock, on a basis of three-quarters Qf a share of American Viscose
for^each^share-of Sylvania Industrial.: :
Frank H. Reichel. President of Sylvania Industrial Corp.', has been
elected Chairman "of American Viscose Corp.
Stockholders of Sylvania
vi¬
15,§76,998
352,972
,Prov. for. Income taxes-
crued
The
Brigadier . GenexaLi
Haussermann^ Davison
The stockholders at the-annual
!■
,
'6,534,267
income
$972,677;
proposal
a
approved,- the action
added
assistant.-^V;
proposal to
-
v
,
Net
below
on
to 5,900,000 shares.
How much
-raise has not been determined.
'
so
•
allowances —52,398,784 120,384,613 159,418,051 241,059,161
goods sold, incl.
<
?
\
admin.,
selling
and'*'
< > - ■
1
1 *
general expenses
45,205,919 103,363,721 135,196,288 212,358,129
Depreciation
658,598:
1,043,894
1,131,516
1,275,92$
!
.
•;•<■:'■:
»
to buy .$7,500,000
Proceeds are to be
future.
increased
par,
If
.
,
i>
Cost of
also
of
Boston
technical
,;
v
Common
enterprises,
existing proc¬
the .desirability
contracted
the
an
Junior to the present
.3946, will be entitled to vote. -
dustrial
•
14
Preferred
in
of
care
manufacture
INCOME STATEMENT, SIX MONTHS ENDED JUNE 30
sales, .less discts-r..
from
the
a
and
,
vote
$100
new
;
!-'■//,
com¬
Atlantic Refining? Co.—New Preference Issue Planned
of advisors is to Assist-the fmanagement
of projects and to recommend |
The Vice-PresidentVis Joseph..W. Powell,
;
-
:V^V
:1940
: $
Other
take
The common stockholders
appraisal
1946, of
•
CONSOLIDATED
Profit
of such notes
will
!<&■
Co.—Semi-Annual
Locomotive
the- consolidated companies
amounted-to $75,000,000 and consisted principally of steam and dieselelectric locomotives and parts, of. which $28,000,000 represented steam
locomotives for exports
Montreal Locomotive Works, Ltd. had $15,000,000 unfilled orders at that date,^principally steam locomotives for
f-
which:
om
:
;
has sold to the Mutual Life Insurance Co. of New
$2,500,000 of its 3% junior notes, due 1953.
The
to
The other members of this board
in
determining
suitable^ ^Investment.;
&
*23,655,843 $61,963,821 549,486,754 \
'
-4
-
.
business.-—V. 163, p. 3127.
formerly President of the Boston Chamber of Commeoce; Ira Mosher;
formerly Vice-President and General Manager of. the American Optical
Co.; Warren Motley, of the Boston -law firm of Gaston, Snowy fiiee
$17,261,489^18,026,988
—
163, p. 2846;
Gross
as
$
•<!
'
January
of
•
"
;
used
far elected- ere - besides Mr,
Flanders, Frederick S. Blackall, Jr.,:who is President and Treasurer !
h' of the Taft-Peirce- Manufacturing So.; Bradley Dewey, President of *
Dewey-& Almy Chemical Co.; Horace S. Ford, Treasurer of Massachu¬
setts Institute of Technology, and-Financial Advisor to the National
Academy of Sciences; Merrill Griswold, Chairman of the Board, of
•
5,350,000
1,000,000
,
advisors,
••••.
......
the
The
$26,553
accts. pay.
export..
development, of
.
*«n n** qzi*eiaa
insurance.; firm has also
furnishing capital to
in the
or
iThei- functionrof th^ board
bank loan, due Jan^ 1, 1954_-^--._—3,850,000
Common stock (1,000,000 shares, no par)„____
1,000,000
Capital surplus;
2,531,185
.
■•
new' enterprise
•
Reserve for
•
the
of
:
.
"
*3%
—V.
consist
in
board; of
a
corporation in the
procedures to be followed
payable -for securities " purchased- -not-
receivedAccrd.
engaged
products,
new
be
.
of
"i
LIABILITIES^
and
There" will
,
"'
Amount
principally
will
V
•<?'.;!
«
more
Will he Dr, Karl T,^ Comp ton, Edwin; R.- Gilliland - and Jerome* C. Huni
.^saker.•
1,279
receivabie^ther ;1,070
Total
corporation
unit,
a
t-in -to* iifi
.3T2T."""
p
'
York
time for such payment,' which time
days after the date of such notice.
Georges F. Doriot will be Chairman.
.
-
t
of the
i63
pany
at such
later than Nov. 17,
the above condiions
the
seven
and
Associates Investment Co.—Obtains Loan—The
;
or
nf
44,732
!.'
-
Harriman
and
with the SEC
1,000 shares ($1 par) com¬
Proceeds will be used for general
preferred
$101
companies
~V
*
JRalph E; Flanders, who recenly resigned as president of the Federal
Reserve Bank of Boston, will temporarily servfe as president,.
50,283
57,405
sold—not delivd.-
secur.
fixing
*
PERSONNEL
225,459
1,916,289^ 1,841,375
1,100,000 " 1,100.000.
————
Co.
Washington—ReglS-
'
^ 4 letter of notification
g'
par)
Associated Dry Goods Corp.—Sales
Increase—
Period End..July 27—
V, 1946—3 Moa.—1945,,
1946-^6 Mosi-1945
not
that
stating
z*1?
($100
Offering price,
become payable
shall
(but
company
company
(whether
Inn
Sales by subsidiary store
development of
esses
and
products.
However, it will be the company's, policy to
invest in new enterprises only when, in the judgment of the
company's
board of directors, research or development work
already carried on
indicates that the -product or process to. which the new enterprise:
relates is commercially practicable and embraces prospects of ultimate
fprofit^ '
'
'"
■SP:
;■* 241,823
$228,013 *;'! 598,534
5218,095
.
!;^---:< v ^
^
-
65,653
Operating income——. *
and
earlier than
&
the
the
met
are
Publisher®
corporate purposes, r Issue not underwritten.
?»«£•
?;v, ' J
'fi. V !\
t3;V- V iV !'{•'
.>*;
such
subscriptions and purchases are obtained by the- agents.
company^5was organized June 6, vlM
not
or
X rTtie
1,800
'
income
Total
from
conditions
above
subscriptions
1946),
fixed by
mot
be
the
If
1,
be
notice
a
been
'
1,800
mon.
Ripley & Co., Inc., have agreed to
assist the. company in finding purchasers for the 200,000 shares.
The
agents will charge no fee or commission for obtaining subscriptions
from institutional investors^ but will
receive an agent's commission
of $1 for each share subscribed for and purchased by others whether
JUNE 30
1945
$343,936
Dividends
Compensat. received fr.
Allied Machinery Co.
:V, of .America
have
Nov.
may
in
.Estabrook
1946
.
as
1946)
shall not
INCOME STATEMENT, SIX MONTHS ENDED
Interest
date
dividends
any
investors.
an
'
^nC0I?pany
500 shares
for
.
before
not
Book
terg
*
J,
initial quarterly dividend of % ■$
preferred stockj payable Sept. 1 Z X
23, 1946.—V. 164, p. 822; V. 163, p. 2718!
Associated
,
:
minimum
the
Aro Equipment Corp.—Initial -Dividend^*
directors on Aug., 8 declared
cents per share on the new 4 V2 7c
1946 to holders of record Aug.
shares.
institutional
,
taxes.
(The)
The
56 Va
subscription received pursuant to'any such offers shall be
cancelled if by 3 p.m.
(EST) Nov. i, 1946 the company shall not
have received
have-received and accepted subscriptions for an aggregate of at least
120,000 shares including at least 60,000 shares subscribed for by such
of corpora-,
wholly owned subsidiary, Allied Machinery Co. of America. The
realized for the stock was approximately the amount at which
were carried on the books and should provide .a substantial
share,
per
Monday^ August 19jt 194(5
investment
as
Each
1
the 6hares
long-term
such
number of shares so offered to any
such institutional investor being 1,000 shares; and
(ii) to other than
the foregoing,
for cash at the rate of $25 per. share,., the minimum
number of shares so offered to any of such other offerees being 200
shares
except
that incorporators,
directors, officers and members
of the board :bl -advisors may subscribe' for less than the minimum
its
'to certain
investors,
The 200,000 shares are offered (1) to institutinoal investors, which
be either investment companies registered under the Investment
Company. Act of 1940, life insurance companies, educational institu¬
tions, or research or educational foundations, for cash at the; rate of
.
4,796 .- , .j
20,308,359
1,000,000 shs^ •
$20.30
;:
,
com.
institutional
shall
5,350,000 r:/:./
-
stock—- ~ 22,788,563
Number of shares outstanding.—1,000,000 shs.;
Net assets per share of com.-^stock
4 $22.78
. ,
Net assets applicable to
-
\
1,102,353..
obligations
—,
1,102,273
Total.net assets before deduct.; loansi_-*. 26,638,563
S.
U.
by
companies registered under the Investment Company
Act of 1940, life insurance companies, educational insti¬
tutions and research, or educational foundations.: ' J
'
following tabulation, summarizes the pertinent- figures at June 30,
Dec. 31, .1945.
Market values at the respective .dates have--,
been used on the basis set forth in- the accompanying1 list of securities..
The
1946
FINANCIAL'. CHRONICLE
was
provided
$308,609 in 1945
.
Sales
3(£-
other
and
/'1945
1946
•
oper,'
$14,074,066 $27,909,610 $21,278,464 $18,750,712
Cost of goods sold, de» ?.
•
-V
';'v
\
•
•■'■'•"i"
^: Uverx and other vepsi
13,624,2515 23,514,036 18,451,019 : 15,355,807
revenues
ideprec.^^ 555297»001" ,,;62Q,606; ^ '"483,238
>
.
Interest
.
JCr252,000
*2,907,000
11,640,000
$856,329
$506,713
171,346
,
.
iiv-.1
deductions
$767,012
171,493
"
negotiation
'
421,339
526,604
3,143,625
82,057
Excess
2,459,176
earned
i—
171,346
.
stk. outstdg.,-Vv,v 257,171
$1.30
per share.
6hrs,
com.
Amt.
earned
$523,019
$684,837
384,840
256,564
$2.66
$335,367
com..
on
dividends
.
384,840
'
256,564
>
.
-
profit
Net
$1,480,472
—
initial
The
-
'
(1
'
' $861,364
-
requirement
dividend
annual
Thereby;1 will ;be $202,500.
$595,519
384,840
256,569
»'
"
v
of
names
7
stock
per¬
and renegotiation refund (less post¬
war refund of $217,000).
tlncludes $1,420,000 (less postwar credit of
$142,000) in
1944, $1,826,000
(less postwar credit of $183,000) in
1943.
^Including tax credit due to carryback of unused excess profits
credit amounting to $313,000 and f ederal income tax of $61,000.
♦Includes
excess
>r.teirt^-^a$hV:44,65b,038j'M; S.
accounts
and
Inventories,
notes
JUNE 30,
f
of $167,871), $3,104,059;
of Federal taxes due to
$322,269; cash and receiv¬
:7
.
,
1;
,
Collins
2.21
2.21
—
Maine Securities Co.———v
.
California—
Co. of
2.21
Pacific
H. M. Paysoh*& Co.—.
4,45
'
'
*
"
,
Co.—Earnings
1946"
1945""
30-^-
"
'
;
—*$1,436,270
Federal taxes
;
'♦
after estim,
profit
'
•
2.21
.
'
'7
'
•
accrued
earned
stock
7,352 shares common
J2r$203,299; total, $30,121,425.—V. 164, p. 271. ?
surplus,
$7,106,533;
in
$1,069,129.. $1,267,403,
The
which
prevents
it
$2.90
$2.44
.
—V.
.
the
EFFECT
Buffalo
full
291,830 shs,
•
^
€ Mos. End. June 30—
Chemical Plants Division of BIaw-Knox Construction Co, has
a
contract from Colgate-Palmoiive-Peet Co. for the design
to be located at Kansas City,
Kansas: Jersey City, N. J.; and Jeffersonville, Ind. Construction is
under way at Kansas City and Jeffersonville, and it is planned to
$tart work at Jersey City in the
bear.jfu|ure.—V. 164,-p. 678.;
Gross
Corporation on Aug; V announced the acquisition of 100% con¬
the Wiley Equipment Co. of Port Deposit, Md., and the Wiley
Manufacturing Co. of Mountville, Pa., manufacturers and fabricators
of cranes, barges, hoisting and loading equipment.
The operations of
both companies will be coordinated with and supplement the activi¬
ties
of
the
Clyde Iron Works, Duluth, Minn,, a subsidiary of the
Barium Steel Corp., and ofte
of -the largest manufacturers in' the
tioi8ting add Uoading equipment industry;
•
,A
'^7 - 7: ,v.v ;
^ ^
—V. 163, pp 2720
and others of the
*
V
'
1
'
:
"V's)
-*■
"
i
J
'
"
'
■
Bausch & Lomb
5'
.
'.u
continued
30,
31,
Dec.
Dec,- 31,
Dec.
31,
31,
'*'
H
Optical Co.—New Unit—
$798,744
$245
Tlie company ron Aug. 14 announced the formation of a new com¬
to serve Sweden and Finland, which is jointly owned by the
optical firm and Aga-Baltlc Ab: a Swedish corporation.
The new
concern will be known
as Aga-Bausch & Lomb Ab.
With headquar¬
ters located in Stockholm, Sweden, it will serve as a distributor of
Bausch & Lomb's entire line of scientific optical
and ophthalmic
instruments, equipment and eyewear.—V. 164, p. 145.
"' ? v
•; v ,■
1946
1945--.-1944--——
1943—
1942
-
'
offer
months)
1
for eight
days.
j
per
sum,
9 Months Ended June 30—'
^
/
:
1946
.
-
f
Grass income
Federal
income
Federal
excess
taxes_i^—t
profits
tax
common;^hare---^.^
*
$105.13
:
105.78
•' v
102.92
v.'O,
99.1994.38
;v
6,545
stated
$2.00
5.50
.
MONTHS
SIX
'
JUNE
ENDED
'
with
on;
OF
NET ASSETS, JUNE 30,
LIABILITIfiS^-Fayable^'-ior^purchase ot
-
units
Net
of beneficial
interest
.
on
stock,
Oct.
1
in
1945
f>;.
r
issue
debentures due Jan.
retire
I,; 1952.—V. 164, p. 678.
'
a
"
'
respectively, and is
official
exchange
exchange
are
sub¬
dividend of 50 cents (2%) on
of the year 1946, payable in
respect
record
30, last,
Aug. 26. This
50 cents
-
;,,
-
1946
$151,741
6,753
divs. distrib.
on
Oct.
1,
compares
1945,
and
,
,
*
1946
"
-
_
" 1945
'
*
•
British Industries Corp.—Transfer Agent—
The Marine Midland Trust Co. of New York has been appointed
transfer agent for 199,000 shares of common stock.—V. 164, p. 678.
Z:
1945
1944
,
^ '
1943
;
'4,791
5,216
4,823
;
8,126
3,269
,4,231
i
$175,377
23,681
'
$156,314
$156,563
15,367
14,143
$165,024v
18,266
Fees of custodian,
regis- •
trar, transfer agent--'
Legal and auditing fees
Fed. capital stock and
1,797
1,461
1,597
1,767
56,247
56,462
2,600
2,500
$81,836
$75,904
$72*775
$73,565
440,231
for
Net
160,371
142,192
t29,306
$522,067
56,300
$236,275
56,300
$30,583
$44,259
56,350
56,434
Fed¬
normal
taxes—
income
Net Income
-
profit
—
of
sales
on
Net oper, profit^—*
Dividends declared
—
£:
*in
.
.
the form of
*
,
5,715
2,411
>2,336
62,030
expenses
Prov.
■
1,884
5,392
1,755
—
Other
-
5,479
60,206
taxes
misc.
6,101
"
securities at famounts based on'mafket; quotations^
BALANCE SHEET, JUNE 30,
> ASSETS—Investments
as
annexed,
at
1946 "
average
1
cost
*
(Reg. U.S. Patent Office) William B. Dana Company,
,
:
(market value
30, 1946, $9,402,912), $6,588,581; cash In banks, $97,133;
dividends receivable and interest accrued, $31,289; receivable for secur¬
at
June
ities
sold,
$23,675;
deferred charges, $232,764; total, $6,973,442.
Publishers, 25 Park Place, New York 8, N, Y.,
^
Thursday (general news and advertising
wmi a^atlstlcal issue om ^imay].^ othw:
England, c/o Edwards & Smith; Copyright 1946 by William^B^ Dana Company. Reentered
3, 1879. Subscriptions in United-States and - Possesstomr E26.00 v per year; to Eom^n of
Canada, $27.50 per year; South and Central America, Spain, Mexico and Cuba* $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per yeat
NOTE; On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
The Commercial and Financial Chronicle
William Dana Seibert, President; WUllam D.-Riggs, Business Manager.
Published twice a week [ev.ury
offices: 135 S.\La Salle St., Chicago 3, ILL (Telephone: State 0613); 1 Drapers' Gardens, London, E. O.,
as second-class matter February 25, 1942, at the post office at New York, N. Y., under the Act of March
.
$155^10 %$147,830^-$152333:
8,757
Total Income
•Management lee.'
like amount of 3 c/o
'
1944,
Canadian
Corp.—^Earnings—
J; ■'x
.
P. U. Commission on Aug. 2 authorized the com$800,000 gen; and ref. collateral trust 2% %' bonds,
due April 1, 1976.; Proceeds will be used to
and
of
>
»
Dividends
♦Taxable
pay¬
■,>*'
A
Interest
accrued ex¬
-
-
Misc. income
The Connecticut
to
$1,003,709
■^■•$i."7%oi4 --$l.63-:
$3,473,000 7 $6,197,000
1
Bridgeport (Conn.) Gas Light Co.—Bonds Authorized.
'pany
$1,163,904
involving foreign
"
investments
•
1945
basis
holders of
to
March
on
March 31,
on
Income—
per
///
on
Carriers & General
eral
value each, $6,641,498.—V. 163, p. 2847..
capital
funds
6 Mos;End; June 30—
carrying Investments at market quotations,
unit of beneficial interest for 63,172 units
to $105.13
par
1 280,003
*1,166,972230,655
>■;
215,814
,
—V. 164, p. 552.
30
investments.^lli^^f,
of $l
net
*920,928
"
0.28
1946
repurchased, $21,590;
equivalent
discharge
1946,
the
on
transactions
Week Ended Aug, 7—
Traffic earnings
$7,185; total, $140,507,
assets, based
30,
dollars
cents paid
75
75 cents
and losses on securities)
1946
1945 7
-
S.
Canadian
ordinary
Canadian
91,214
penses,
.
.7,196
-r
Canadian Pacific Ry.—Declares 50-Cent Dividend—
$1.30
0.35
4.15
\.;r4.12 "
and unrealized gains
ended June
U.
The directors on Aug. 12 declared a
the
"7,""'-.*-.
4.20
•
4.50
All
.
;
7,552 :
488,416 S
,
ject to^^ Canadmn Government restriction and control.—V. 164, p. 678.
Gains
Income
in
rates.
Distributions Declared per Unit
'
"
From
From
4.40.
months
nine
7
/•ASSETS—Investments -in bonds %t market quotations, /(co^t per
books $6,152,638), $6,352,336; cash in bank, demand deposit, $331,573;
receivable ior Units of Beneficial Interest sold, $21,471; accrued in¬
terest on bonds, $76,623; total, $6,782,005.
:
$2,788^34
! J^GTE-f-The- net incomeiof the fcoihpahy's Canadian
"subsidiary, whose
accounts are included in the above summary,
amounted "to7 approx¬
imately 13%, 19V2% and 19% of the consolidated net income for the
7 $97,483
for
-
$1.90
.
40,840
„
732,157
165,694
"145,427
'
taxes
$2,747,694
.
<$2,796,614"
$1,365,188
^Net;incpme;pcr
Liquidating Value
per Unit
,
period.—$111,294
-
•
r,
412,582;
4,117
_
Foreign inc. arid excess prof,
$111,327
'•
13,844
able
1944
>
$2,628,688
167,926
54,941
-'I'-
,
,
v19,06l
—
STATEMENT
?
1945
*
,
$2,357,641
'
v*
Income deductions
$1.43
Cash distribution-^119,344
by the common
proceeds from- the loan; together'With the net proceeds
1945 of 256,500 shares of common stock, were applied
(i) obligations of thje company in payment of part of
the
consideration for the assets ' acquired from Androscoggin Mills
jand Hill Mfg. Co; (ii) as a loan to the company's subsidiary, Bates
Mfg. Co., to enable said subsidiary to discharge its obligations as part
•of the consideration for the assets acquired from Edwards Mfg. Co. and
York Mfg. Co.; and (iii) to pay indebtedness of the company repre¬
sented by demand notes which had been outstanding more than,one
.year, the balance not used for the foregoing purposes haying been
Added to the working capital of the company for financing accounts
receivable and inventory, expansion of the finished dress goods busi¬
ness and increases in the level of costs and volume of business.
The
-
•>./-•'
of
—
$^10,881
$124,873
—" 13,579
Income; interest
Expenses
The under¬
share plus
ShS::::
sales
vNefr operating income^—
from the sale in
to
'■-SS '-y'
■
Income credits
.-f •"
$2.00
.
together with other funds of the company, will be applied
company of a present
principal amount of $4,600,000. ;v"';S
.;Vi.
■'
Magazine, Inc., Los Angeles—Files With*
-■
tabu1^^ott7ihdicates3thq
63,172
51,084
36,820
"
;$o pay and discharge a term bank loan of the
aggregate
4
,
.
;p
1
^ SenwrArinuaJ
Outstanding
-
(Exclusive of realized
PURPOSE—Net proceeds to the company is estimated at $4,452,500.
Said
"
520,778
$503,908
$1.41
-K No. of Units
-
—
Net income for the
open
,
7.
.
—
—
1944
Stock Offered—
writers are to purchase from the company at $100
dividends from July I, 1946 any shares not: purchased
stockholders.
<
,
J.-—$26,254,538 $24,036,775 $23,259,929
goods sold
13,646,599
11,800,005
12,194,343
Advertising, selling, distributing and
•
v*
general and admin. expense$-.ii 10,250,298
' 9,608,082
8,317,892
v
;/
>/'v:
-■• ••
• -.v.
,.
-
\
i
"'**
$6,641,498
5,403,606
3,789.534
1,890,(65
617,729
—
1945
1943
($100 par) at $102.75
subject to prior; rights - of
remains
'■
.
Total
1946 (6
TThese 45,000; shares of preferred stock are first offered by the
to the holders of its presently outstanding common stock
(391,500 shares), at $100 per share plus dividends from July
1,
on
the basis of 0.11494 shares of preferred stock for each share of
Such
•
Allen, present receiver for the Hamburg company, said
interruption of service and he will continue to oper¬
the sale is completed by delivery of deed to the new
pur-
; ; Canacia Dry Ginger Ale, Iiic. (& Subs.) -Earnings--
$1,237,892 in total.net assets during the past six
substantial than in any corresponding period.
The Increase t>f
company
stock.
v
America;
:
common
common
1943
350,792
•
Dec. 31
4&% cumulative preferred stock
share and dividends,
stockholders.
com-*
determined by directors.
as
v..
exchange restrictions in amount
in 1943.
1
Year Ended
Coffin & Burr, Inc., on Aug. 9 offered 45,000 shares of
per
,
BORTFOLIO---rThe fallowing
growth of the Trust:
INCOME STATEMENT
Co.—Preferred
authorized
The. company on Augv 6 filed a letter of notification With the Se6
50,000 shares ($1 par) Series A common.
Offering price, $1 a
; Proceeds
will be used for working capital.
IssuS not under-
$1,519,042
1,055,768
24,109
.
1 \
' $551,254
\
$1.53
and 2151.
months was more
pany
Manufacturing
1944
-
<
w
;
/
Bates
increasing
on
no
■■■-S
Cost
$1,339,232
880,519
25,819
*
624,685
(at Market) '
June
Dec.
«
1945
601,479
^
Total Net Assets
V., '
"<•
20
$131,523.>. -'r. r,4-ntf'5?;- /•' 'f • ■'
;, ' ASSETS' ANP
Steel Corp.
^ >
\
Aug.
Net Income
Republic Industries group,—V, 164,, p. 3414.
•V
•
y.i'/':-.
vote
Report—
of Canton. Ohio; Detroit Steel Casting Co. of Detroit,
Mich.; Erie Bolt «& Nut Co. of Erie, Pa.; Globe Forge, Inc., of Syracuse,
14. Y., as well as the Kermath Manufacturing Co. of Detroit, Mich.,
'
until
Het
$1,667,888
1,199,725
23,786
•
Bond Investment Trust of
Inc.,
'
will
share.
of $55,731 in 1946, $53,185 in 1945, $50,165 in 1944 And $45,307
12 subsidiaries in the steel producing, manufacturing and allied fields.
In addition to the Clyde Iron Works the Barium organization includes
the
Central
Iron
&
Steel
Co. of Harrisburg,
Pa.; Barium Steel &
Forge,
- ♦
$2,026,842
1,423,838
23^615
•
'Includes foreign profits subject to
of
the Wiley companies gives the Barium
1946
»
sales—
on
♦Net profit j.
—
Earns, per class B sb.^
Steel Corp.—Continues to Expand¬
acquisition of
profit
Operating profit
Deprec. and depletion,,
Fed. & foreign inc. and
excess prof, taxes, etc,
The
The
^
,■
for
Bon Ami Co. (& Subs.)—Earnings—
-The
trol
-
SEC—
1945 to be made
pending. renegotiation of profits for
stockholders."*
.
'
,
,
.
of
in any case prior to the
third Thursday in November.—V* 162, p, 1508. :
received
er
^
It is the intention of the directors to hold the meeting shortly after
and construction of processing equipment
Barium
-
D.
will be
v
last Thursday in April, but
annual meeting normally held the
completion of renegotiation proceedings, but
:
,
Co.;; Boston,^ has beerir appointed registrar for,the
the proceeds of the sale.
from
California
Corp.—Meeting Posponed—
?!
< Blaw-Knox Co.—Unit Receives Contract—
stockholders.—V«
:Chaser*'H-^;v-■
.All,assets, tangible and Intangible, are included in the saie. The
Hamburg concern.has 30 buses and its routes*cover 62. miles.
postponed to Aug. 15, has been put off again to allow additional time
to
by
.
,
50-year-old Hamburg Railway Company, which" has been re*
for a quarter of a century, was sold on Aug. 9 to the
Transit Co. Inc.
for $140,000
subject to confirmation; i»
William
.
known
being .sold
are:
,
Outstanding
300,000 shs.
^.—-^^-«.^-.—
Bohn Aluminum & Brass
results
Shares
Col; inc.j-which ^ now' serves 63 communities with
bus service, submitted the lone bid at the foreclosure sale
through f
its? President; John G. Campbell,v.He emphasized that all creditors of the
receivership will be paid in
ate
Authorized
The
Chicago,
Supreme Court.
Buffalo Transit
ISSUANCE OF SHARES
TO
In
(par $10)
—V, 164, p. 271.
-
$3.21
foregoing summary
161, p. 459.
there
lor
Inc.
stockholders
The
Company offered to the holders, of its outstanding, common stock
$10) of record July 8, rights to subscribe for 26,530 shares of
stock at par at the rate of one share for each 10 shares held.
Rights to subscribe expired Aug.; 12
;: ^ 7
" -v 7
*
7u
The net proceeds to be received by the company initially became
part of the general funds of the company and as such may be applied
to; any, corporate purposes,
Common stock
297,149
»•
$2.07
ceivership
(par
1931, the B. & O. was authorized to acquire 250,000 shares of
capital stock of the Alton RR., since declared by the ICC to be with¬
out value.
The B. & O. meantime also bought stock of the Joliet &
Chicago RR., Kansas City, St. Louis & Chicago RR., and Louisiana &
Missouri RR. leased Alton lines.
A provision made by the ICC at the
time the B. & O. acquired the stock prevents the company from sell¬
ing, pledging, repledging, or otherwise disposing of. these holdings.
The B. & O. has informed the ICC the stocks were initially acquired
for "strategic" and investment purposes, but now have only invest¬
ment value to the company.
The holdings it.plans to dispose of are:
ta) Joliet & Chicago guaranteed 7% stock, 7,413 shares; (b) Kansas
fcity, St. Louis & Chicago guaranteed 6% preferred stock, 3,617
shares; guaranteed 7# stock 23 shares; (c) Louisiana & Missouri
River guaranteed 7% stock, 1,576 shares.—V. 164, p. 551.
$953,610
594,298 "
Buffalo Transit Cu.» Inc., Buffalo* N, Y.—Acquisition—
163, p. 2287.
common
CAPITALIZATION GIVING
;
$1.65 ;
$3.03
.
.
Belden Manufacturing Co.—Rights, Etc.—
!Aug; 14 asked tihie ICC to free, it from a restraint
from selling its stock holdings in three railroads.
$1,228,795
297,149:
,
from 250,000 to 300,000 shares (par $2).
The additional 50,000
shares would be offered for sale subject to
preemptive rights of stock¬
$1,325,028
net profit Of $189,860; resulting from
♦Includes non-recurring
Baltimore & Ohio RR.—To Sell Rail Stocks—
The companf on
„
:
$1.36
holders, at such times and in such amounts
$3.28
■;
sales of securities held by the company.—V*
treasury,
$490,737
594,298
mon
■,■'cv;
(par $20)
on
.
Buckeye, Incubator Co.-^-To Increase Stock—
1943
1944
-
".
-
Earns, per shr. on 437,524 shrs. com. stock
liabilities, $836,$1,470,463; divi¬
preferred stock, $57,017; advances and other liabilities
relating to U. S. Government cost-plus-fixed-fee contracts (contra),
$1,022,110; notes payable due 1950, $522,400; insurance reserves, $269,230; reserve for pensions (after amount in pension trust, $1,180,639),
$538,504; reserve for contingencies, $697,097; cumulative convertible
preferred stock (par $100), $6,842,100;
common stock
(264,522.92
shares no par),
$8,817,431; capital and paid-in surplus, $1,060,394;
ABILITIES—Accounts payable, $1,085,422; accrued
estimated liability for Federal taxes on income,
dend
:
;
4.
'•Gld 'ColonyiTrust'
,
023;
940,500
•
$808,982
——
notes.—V. 159, p. 1549,
6 Mos. End. June
Net
651,500
1,760,700
'
tax—i—-
vestors $705,000
:
Beech-Nut Packing
$3,365,820
872,700
607,984
Brockton (Mass.) Gas Light Co.—Notes Placed Pri¬
vately.—The company has sold to two institutional in¬
10-year 3 JA% registered notes, dated
Aug. 1, 1946, and due Aug. 1, 1956. Proceeds were used
to refund $705,000 4% notes on Aug. I last—,
3.35
Co.—2.21
&
Snyder7
&
4.45 v
.
Co.,
164, p.
3.35
i-^V. 164, p'. '822*.
estimated refund
carryback of unused excess profits credit,
ables
relating
to
U.
S.
Government
cost-plus-fixed-fee contracts
(contra), $1,022,110; investments, $693,176; property, plant and equip¬
ment (after reserve for depreciation and amortization of $13,647,267),
$7,739,976; goodwill, patents, etc., $4,052,682; deferred charges, $104,633; total, $30,121,425,
•>,.>
\
/> >>r>\
profits
&
6.66
Curtis
reserve
$5,735,182;
Ingalls
Webber, Jackson: &
,
Whiting, Weeks & Stubbs
7.80
Baker, Weeks & Harden
Central Republic Co., Inc.—
"Government: securities, $2,697,300;
receivable. (less
Julien
R. W. Pressprich & Co
Paine,
$2,709,479
332,000
577,700
Hornblower & Weeks—3.35
Harriman Ripley &
1946
:
Charles H. Gilman and Co._
Co., Inc. 16.66
Kidder, Peabody & Co._—« 11.11
E. H. Rollins & Sons, Inc.— 11.11
profits taxes
CONSOLIDATED BALANCE SHEET,
16.66'
Coffin & Burr, Inc.-——L—*.
$1,763,237
Wisconsin
The company on Aug. 9 filed a registration statement with the SEC
for 76,000 shares (no par) capital stock.
Underwriters, A. G. Becker
for by common stock¬
.
•
Registers With SEC—
.
the
60,700
,•/,>
profit and loss amounted to $56,554 for the six months ended June
30, 1946, and provisions for depreciation and amortization for the
12 months ended June 30, 1946 amounted to
$164,442,
^
and
69,076
36,190
of
$1,037,186
preferred
the
on
'
underwriters
the
$3,305,120
NOTE—Provision for depreciation included In the
ir
$958,767
centage of unsubscribed shares not subscribed
holders to be taken by pach,are as follows:
$2.32
$2.03
and
No. of common shares—
Earned per com. share.
-
Amt.
Common
32,982" 7
•
539,594
2,217,632
69,157
"
$2,640,403
inc.
taxes-—$1,386,682
,
1,047,500
—
UNDERWRITERS—The
t
(net)..
bef.
Net profit
Income and for re-t ^
on
'
YsipOO
$694,511.
171,492.
.
.171,492 /
income
profit
Federal
$4,711,052'. $4,035,956
$3,569,493
5:
139,499
■
Prov. for contingencies-
ToToo
DIvs.onpfd. stdcfc.^
Net
Prov. for Federal" taxes
;
42,591
taxes
Net Income
.
t2,014,000
$2,667,471
Gross income —,—
Other
$2,384,511' $2,856,012
additional
on
other
$4,612,582
$3,939,548
98,470'
96,408
1946—12 Mos.—1945
-
$1,727,047
.
income taxes
,
$3,805,920
1946—6 Mos.—1945
profit from' opers.w $1,353,701
discts., int. and
Purch.
-
$254,713
prior :years-..**
Prov. for contingencies-
Net profit from sales ' $2,630,818$3,468,728
Non-operating income—
36,653
100,764
$2,827,543
28,469
"
'
»
Net
•,
5 567,3635
$2,344,207
40,304
$3,774,974
$152,814
30,946
101,899'
;
"Period End." June 30—
-
.
Provision for
Briggs & Strattori Corp.—Earning^-. '
20 Wks. End. ——^Fiscal Years Ended^May 18, '46 Dec. 29, '45 Dec. 30, '44" Jatt.-l, '44
Net sales'
$16,281,083 $33,104,585 $36,313,907 $35,275,824
Cost of sales—
12,983,061
28,463,071
30,473,589
30,174,172
Cost of distribution-.—667,204
1,172,785
1,227,736
1,162,104
V1944,'.'^1943:;^/,;
951
-^^0X700**KPV *
COMBINED EARNINGS
Atlas Powder Co. .(& Subs*)—Earnings—
6Mos. End. June
cM&Nfcil
WtfiMSOMiiMciAii
.Volume 164: Nufti6ef '4Sl7
.
the commercial ^ financial chronicle
952
^Monday, August 19, 194$
J
provision for taxes,
$11,433;
PRESENT
3% debentures,
$2,944; -15-year 3% debentures, due
stock (par $1), $563,000; balance of
$6,973,442.~V,* 163, p. -;34l5,-;.~-
payable, accrued Interest on
LIABILITIES—Accounts
etc.,
1961, $1,872,000; common
capital surplus, $4,524,065; total,
1,
May
located
Caribbean Sugar .Co.—Seeks to Buy-Bonds--
~
Investment &
Manopla
first mortgage
Co.
Sugar
PURPOSE
AND
OP
ISSUE—The
present
plant,
v"':;r'-Glimax''Molybdenum"jCo^Earning^
in MHlbrae, San Mateo County, is essentially'
to ihis July .^approximately
of Duolite exchangers. -.; Company has
producing-prior
was
sales
value
.
'■
result
a
'»Ne$
:
that
the
value
sales
Files With SEC—
The company
tor
.
t
•
■
-
v
...
•
.•* "■s/.'sv 7
\
.
i*
'*•'•■ *'
*?•>'«•£♦
* • -
*
The
Guaranty
Trust
of
Co.
has been appointed covalue.r—V. 164, p. 823/ "»
York
New
fegistrar for the common stock, without, par
.1942
Split-Up—
Casco Products Corp.—To Vote on
•
board
The
directors
of
has
called
r
Aug.
20
from
of
511,356,
170,500 'to
value.—See
par
no
Caterpillar Tractor Co.—New Treasurer—
Virgil V. Grant has been elected Treasurer,
succeeding W. J.
McBrian, a Vice-President,- who will now devote his -full time to
departments.—V.
in connection with the purchasing fi,nd
164, p. 553.
\
„
as'well
as
'
companies sinoe 1920 and was President -from 1932. until
this year, when Tubize was .merged intp Celanese Corp. pf America;—
•
■■
...
■■
:
■
&
Pere
-
Aug. 14 filed a registration statement with the SEC
($100 par) cumulative preferred stock.
Name of
underwriter -will be
determined by competitive • bidding./; New pre¬
ferred .stock will be offered on a share for share exchange basis, to
holders of old preferred stock other than the Middle West Corp.
-which holds'38,564 shares of such stock.
If more than 150,000 shares
of
old
preferred stock are deposited for exchange the number of
shares-to ,b©' exchanged .will be pro rated.
Shares, of-new preferred
toot issued in exchange will be sold to underwriters.
Net proceeds
from sale of shares not issued in exchange will > be used to redefem
old preferred at $110 a share and accrued - dividends.—V. 163, p. 185T.
c.■■■ .;///;,;/■.■ v.
»■
The company on
shares
150 000
The ICC
on
of -New
in
Jersey
certain
for
exchange
capital.'
personal
the trustee and the proceeds uSed
"
•
Two.NewDirector? Elected—
i
Andrew
of
election
The
Earl T. Moore of Elizabeth,
7
Sordoni. of
J.
N. J., as
;
Barrq, ,Pa.,.and
.
.
Wilkes
<•
v V
Chunk, Pa., re?
signed. Mr; Sordoni is President of the Sordoqi Construction .Co., the
Sterling Hotel'System and
the Commonwealth Telephone Co. of
;Pennsylvania,
- * ,'
1 " ' •/ ' '
'
1 " "• "V ' /
v
Mr. 'Moore, Vice President .and General Manager of* the -Central
Co. of Pennsylvania and General -Manager of the' Central ,RR.
■
jrr.
of
,Co.,
New
.
succeeds, the late Shelton Pitney of Morristown,
Jersey,
Century Electric Co., St. Louis,
The
for
Mo.—Files With SEC—
on Aug. 7 filed a letter" of notification with the SEC
shares $10 par) common./Minimum offering price, $10 a
used for working capital.
Issue not -undeir-
company
25,941
Proceeds wilt be
jihare/
writfen,—V/. 163/ p...2153..•/••/;.-•;
,
It was^ announced-recently that the Continental Bank fc Thrust Co<,
New" Tork, * N. Y.',* would receive bids for the
sale to it of first
mortgage leasehold 4 % cumulative income bonds to an amount "suffi¬
cient to exxhaust the sum of .$181,825,at prices ^iot^ to expeed nar.
c
—V.
162,
2638.
p,
'
'
-
v
Yoiingberg, ;San
^rancisco,f
of
stock
shares
common
($1
par)
at
$1.20
share
per
(subject -to prior rights 6f stockholders which expired
Aug. 12); Stock is offered: fs a speculation.
.
. y ^
ORGAN ELATION* ANp HISTORYr-Cpmpany .was organized
Aug. 23,
by James D. Dols & associates for the purpose of continuing
investigatiops relating fto* sugar juice •purification and in the •course
investigations It developed, the; Duolite ion exchangers.^ When
the company considered that it had a satisfactory product, a pilot
1938,
-pf such
1945
was
spent in planning and
negotiations with the Chemical
jqompany
relative to a proposed war contract for. production, of
bomb product.- Such a contract was awarded the
In" August and cancelled Almost immediately -thereafter:as a
result
the
(Warfare
Service
incenediary
«tn
of
\
,
,
termination of
the
As
war.
a
consequenceof
the
com?-
concenti'ation on * the* war; contract, production .and .gales, of
exchangers -dropped- bo $44,000 -but the plant was reconverted in
October,
1945, '" and is now actively ' in.; production of.-the Duolite
jexchangers.-
»-
i
.
t"
.
contractors.
In
addition
''
to
extensive
properties
sand
Include;
concrete-mixer
ten
trucks,
and
docks/
concrete
.
and
others. "
numerous
ICC
Village,
Idlewild Airport,
housing .project, etc;
;
•
c-;;I >/•/•*
'
"
j
flew
76,400.000
of
1946.
revenue
"passenger
increase
an
miles
during
the
During
months
the
passengers
an
,.-.
effective
Aug.
30.
/
subscription
agent
for
Mr/Futhbm stated:
to
-auunration
pansion."
of
the
,"AIf;.yfiUiamsr.ixas
company's
DC-4
our
deyelooment
service
and
our
& Electric
/
.A\
>*' >'
■;
'
(>^^4Rights:^$uto
an
offer by the
corporation, holders of cqm-
the
extent
of
share
one
for
each
shares
six
of
stock
common
NATURE
QP
BUSINESS—The
resinous
company
under
jus
cation
its
and
registered
sole
anion
-
products
exchangers
of
.
the
are
company
Gas & Electric Vorp. held.
The subscription price is to
determined shortly before the offering is made.
'*"/
: *
The
York Stock Exchange -on Aug. $3 directed, ^suhject to-the
that Columbia Gas & Electric Corp/ common
quoted ex-rightis until further notke,' ; ' :
'
X , *<
New
offering
being made,
atock be not
Registers Debentures With SEC—
1
The
company
$75,000,000
debentures,
|
*
v r*
registration statement with the^BEG
Aug. 8 filed a
on
of
due
1971,
and
$20,000,000
of
serial
on each Sept. ;1, 194,7 to 1956.
Names nf
will
be
determined by
competitive bidding.
Columbia
the-sale of common stock of Dayton Power & Light Co.
June 13, 1946, and used the proceeds to call for redemption July , 15
$44,914,000 5% series debenture bqnds, flue 1961, at 102,,and to prepay
'$5,500,000 of its $22,000,000 1^% bank, notes. Any remaining prof
ceeds and the proceeds -from the .sale of the debentures; and .the -sale
underwriters
completed
Of
stock
common
•redeem
$110
Cincinnati
of
Gas
Electric
&
Co.
will
be
used
941,820 scares of cumulative 6% preferred stock, series
to redeem 38,695 shares of cumulative preferred
5% ,.-series, at $105 a share; and to redeem 121,849 shares
cumulative preference j?|ock, ,ajt$100
a.Bhgre.-^V/164,gp,^B24.
:v
„;.4.
/
:
.
stock.
5S&
of
/
trademark,' "Duolite;"
Ion
then
.be
indefinite
removed
number
from
of
the
times.
exchangers
At
the
which
can
,thus be
used .an
present time the' principal use
of
John
-
zine,
Delaware/ Wancouvfcr*
rW^sh.-r-Earflings—
^
'
INCOME STATEMENT- OF OPERATING SUBSIDIARIES
Oregon Pulp &
'
■
Calendar Years—.
Net
before
profit
terest
$1,639,258
bond int.^,-
/Income bqnd :Int.
;:,<Depreciation
made jnarty/yaluable con¬
the im-
in-connection .with
* Paper Mills
/
1945
* /
.The only other source of potential income for the company at present
is royalties on a new process: for refining'
sugar, although np such
J-oyalties have been received as yet and there is no assurance that
»ny will be.
■■
/
•
-
1944
$1,314,489 >$606,121
'
-
46,550
185,439
270,426
'-///■!?//'
v
$522,'40t
9,90S
8982
„46,510
——
;provision -dor - Federgl
IniV & Ex. Profits Tax.
ex¬
■/
in¬
taxes
First mtg.
Paper Co.
■
-.*044-
1945
.
.
/
•
Columbia River:
39,640
150,299
39,64®
193,16®
"
(
802,762
774,124
:
■ ■ --
237981
124,30^
$169,821
$155,38®
;
Paul
has
Andrews, -former-executive-editor of-"Air -News'' -mag'a?
been, appointed Director cf Advertising and Publicity.. for
Southern Air' Lines,
according to an announcement, by
Chicago and
Mr". Earling.
Director
of
He
replaces George E.
Public
Relations
for
the
—V; 143, p.
J
»
,
^
V
r
'
«
„
■
167,800
^
."
'
1
'
«
:
*,
1
T
,
the .Commonwealth: Edisop group ,Of ;cpmpan{es^
other electric utilities,-for
Week Ended—
'
-
*
•
-
.
.
194a"
the week ended Aug.
'
-
*
.
-
f
sec.
fcransactls)
$1,100,069
<
■■
iff
a
August. 10—-——-.
—Z— -188,594,000
Total "income ——.Z $841,229 $2,047,391 $2,016.461.
August i 3—186,131,000Interest on long-term debt
July-■27i///zi-------_Z__lJ/Z ;182,652.000
45,063
38,926
/ 55,805
V July
Proy: for deprec;, 4epl, .and amort. 183,618,000
195425
~ 296,560 422;598
Prov. for Fed. taxes on inc.
(est.)__
Crl79,719
418,148 : t.373.200
/ •Increase—-y. 164, jp. 824.
•Adjb^. cf nrior year's provision/^
'
^Crl,863
Special eredlt
$500,000"' :
j- •Net prof. (excl. of
»
.»,
^
-
' 201,473 / / 252,440
,
%
0.8% increase over the corresponding period last yeah.
.Following' are :therkilowatt-hour output totals of the past four -weeks
Jand percentage comparisons with-iast;year;
*1
^
;/
•'
Elebtricity output of
/ 1946,- showed
$673,429/ $l,845,919 / $1,764,021
^ividends^ received
"$308,376*
,
iCommouwealth iEuisojn A^.^Weekly Output-—.
excluding sales to
-3 Months Ended June 30—
•Total income
'
2203.
'
'
Bounds, who resigned to become
Corp.-—V. 164,
McDonnell Aircraft
(& Subs.)—rEamings—
1946
/'l 945*,'
194,4
$518,560
/'Net:Income*
.
:
Cleveland-Cliffs Iron Co.
Pecregsjs
1945
%
187,168,000
.
*0,3
v
<jptnmonwealth
Ittvcstmcjai
•Annual Report—-
•$1,193,757 v$l,166;720
*Excluslve ot dividends recelved
^and security transactions .but/before - •'
interest on long-term debt- and provisions for.
depreciation,
xiep fttjnn a^nd
ion (except cost of.
denreciB.tif>n^^n^^(jGP^^0Ti
applicable to sales of jeal estate, timber and
5
0.4 >"
186,956,000
186,980,000
184,034,000
2.3
.
V
n
"*
0.2
/
_
!
Uo„ San Fra»ciscp-f-SemL.
1
*
r1
i
.
S.
deducting
equipment).-
inA es^fA P°stwar
tPortion
puolite exchangers is in water softening and purification (deionization)
but fbey are adaptable for other purposes hereinafter described..
1
-'i;;.-. y
-f'
v.
£olxnribi& W
!
-
to
at
A,
share;
a
'
by, .the
exchangers
used are primarily purifying
def
beptures, du® $2,000,000
frrst
manufactured
agents ,and perform-this-fpnefion
l»y giving off harmless ions in exchange for certain other ions which
constitute deleterious matter in fluids.
The deleteripus matter can
now
of
Columbia
_
synthetic
pa$
;
y'rX't
ptock of record at the close of business on Aug. 22, 1946, shaU
the right to subscribe, on or before Sept. 9, 1946, for common
,'stock, of $8.50 par value, of The Cincinnati Gas & Electric Co., tn
announced
further
convertible $4
cumulative
have
-
for
30c
Uohtihgent^uponn ieffectivd: ^gl^iydon' under;H^vHe^
;
preparations
.
'
mon
*
tributions
'
' //' • V 'fr"
.1933, and the making of
through
Putnam. President,
has not been' named.
the Cllntoa
V1-')'
$6,796,852 $66,967,334 $52,483,460
the
"t \
das
Columbia
-
:;
as
Carfleton
successor
.
Value preferred stock,—V., 164, p. .6.
Official -Resigns—^New Director of Advertising—
;
Harvey ^. Williams, Executive Vicfe-PfeSident,.(has. resigned^ from the
Mr.'Williams'
unfilled
The:Bank.of ,the Manhattan Co.; New 'York,
for
;-..? r^"/
development,
f
-i
.
v'
'
>•
'
'
■
housing
/:*' /
$8,448,259
pointed
For. the yinqnth pf jJuly,. 1946, there was, an increase of 63% in the
number of revenue passengers carried as compared with
;Jqly;" 1948".
-.This, is the result pf carrying 33,200 passengers in July, 1946, as com¬
pared with 20,387 passengers In July, 1945.
Revenue passenger miles
(for July, 1946, were 13,450,000, as compared with '9^117,094 for Jiily,
<"
hand
Columbia Aircraft Pfoducts, Jnc^^ubscrA
if. Y., -Has beep
;
;
increase of 97%.
'
oh
■
r-V. 164, p. 274,
July 31,.,the qqmpany
against -95,467 for the same
These figures represent
trafffc on C. & S. domestic routes which serve Chicago to New Orleans,
via Peoria, St. Louis, Memphis, Greenwood,-and-Jackson;-and Detroit
to Houston via Toledo, Fort Wayne, Indianapolis. Evansville, Paducah,
.Memphis, Little Rock, El Dorado, and Shreveport; >, Service on C. & S.
Caribbean froiiieiSiWiU begin Mi tjip
faWM ihik iyba^ <- • A «. ^ -v.;
revenue
This was
has
now
'
(
Sales
of;.76%';over,the,samp .period of
from -Jan. 4
Riverton
*;*v\ •'/.*'
(Period End.
'
^
-
company
Colonial Stores, Jnc.—-.Current Sales Rose 24.3 %—
July 27—
1946—4 Wks^lMS V1946—30 Wks.^-1945
.
on
"/*
The
for sales .in connection ,with such, projects >s the Brqokl^n
approaches to the ' Battery tunnel;; Peter ! Coopec
and' Manhattan
.
>,
r
.
'.**
'
274.
p.
the products in-its field -for such large construction
projects as
City, West Side Express Highway, World's Fair, Camp Shanks,
Camp Kilmer, LaGuardia Airfield, Hutchinson River Parkway Highway
passenger
.
pany's
164,
of
tl9.45*when the jilrline flew ,43,387452 passenger aniles."
plant was constructed in'1944 and* production .started in a small way,
i&ales; that year Of ion ^exchangers .beings $71,000... A good part of the
year
*
are-
line
months
today.
be'
-■/■
•,
cranes, hoppers; and other loading; storing ; and ' hauling
a^cilities, * - f -*l ' •
s
/ "■%
J
During -the past ; ten years: Colonial has furnished a inaj6r: portiori
A. J. Earling, Vice-President Traffic, and .Sales, stated; "Chicago and
,
;
plants;
prderp
Company
Offered—Stone
&
on Aug. -8 offered ^59,000
'
...
Co^Increasifig Facilities.--y
above.—V.
deposits owned and
leased,
approximately 100 dump trucks, 75
.
t!'-
Co.
-construction
the Nickel -Plate and the
contemplating' complete. replacement: cf all of
equipment, it was announced" Au^. 9; by
R. Young. Chairman of -the board.
•?
1
'Southern
"
Co.-^-Stock
Process
Chemical
And
f
-
-
•gravel
,
C
Building, N. Y. City—Tenders Asked—.
Chan in
*
/and its' companion lines,
company
carried 187,500
period of 1945.
x.164, p. m.
• ■
.
will
Th^ company,. Mr. Pope said/waa .organized ih^SepUmber; ifliilf
Chicago and Southern Air Liues, ^c.rr--Tra(fic in¬
seven
options
Radio
creased-^r
of
and;^ now is the •^dbtttinaht producqt/and suppUer bf 'mixed Concrete
and its -components (sand; gravel, cement,« etc.)
in the New • York
■metropolitan area.
These materials are sold principally to builderd
In, .response"thereto four ^bids .repre¬
senting- 15 parties'werp received.
The lowestr bid; .specifying an inr
terest rate of 1.50% per annum, was made bythe Northern Trust Co.
■for itself and the Manufacturers & Traders Trust Co. of
Buffalo; New
.York, And .hast heen-acoepted.?-nyr 464, -p. 679.
.
'• // .
/ .
" ?
r
upon'exercise
program, Mr. Pope estimates, is necessary to meet the
large prospec¬
tive demand for building materials for .public and private
construction
In thfe New; York metropolitan area.'
'
;
jthe. fundS' would be"provided.
.
common-
.
L"The company invited^ bids-for thef fhiancing-.of the .purchase- pf the
equipment fhrpugh competitive biddjng/.aqd invitation for bids were sent
"to -34 corporations, the1 bidders to name the r$te: of-interest-at -which
.
par)
.
members" of the board of directors
announced Aug.. 13 by William Wyer, President.
Mr.
Sordoni succeeds John R. Prizer of Mauch
was
(no
Jones,-
future
July 17" authorized the company to issue not exceeding
$2,020,480 of promissory notes in further Evidence, but not in payment
of, the Unpaid portion of the-purchase price of certain equipment
ito he acquired under a conditional-sale agreement.
■
A
property, .and
shares
Turner
fc*'PubUc; participation In the company will be invited in the near
through an offering of shares, according to Generoso -Pope;*
President.- All of.,the stqck now is held by Mr. Pope, and the
majority
pf it. will be retained by him after the .contemplated financing..,
It is contemplated that funds received by the company" from
thq
Stock offering .will be applied to the retirement of indebtedness
Incurred incident to recent -property purchases, ^ as well/ as to
the
acquisition of new concrete-mixer and dump trucks and to the con¬
struction of additional dock facilities.
Completion of this expansion
/
"
Chicago, Burlington $ Quincy RR.—Notes Authorized }
not exceeding
July 12 authorized the company to issue
8750,000 thereof to be sold at par to
2or working
p
dated
The
The
issuable
shares
200
.}• Jl'-V?, /.
82,250000 of capital stock (par $100), not exceeding $1,500,000',thereof
to be delivered to the trustee of the .property ofrthe Central ;Railroad
«*»
are
„
Pennsylvania—Stodt---
;
—
•,
,
currently .hasout¬
car builders for* the new equipment
the replacement program on the rgilroads.
equipment embraced in the inquiries addressed to the car man*
ufacturers would supplement that of the two new streamlined *"Pere
Marquettes" which were scheduled to be commissioned in regular
service on Aug. 10 on the .Detroit-Lansing-Grand Rapids "run.
-They
.would supply also the units for other crack trains on the Chesapeake
As/Chip Ry;; which already has .under construction two tie luxe. 'st'reamlinersf.1^"- ;
r"
r' /
" /l-,:
' '•'-*v:
:
These streamliners are being -built -by- the -Edward G. Budd Maniifacr
turing Co.
They will be powered by coaPburning, steam-turbine,
•filectrically-driven locomotives'now b^ing "built by Baldwin LocomoUve
(Works and ;Wjestinghousa Electric Corp.-r-V: 164. p. 553. 1 /
"
-5
■
....
200
of
Colonial Sand & ^tone Co., Inc.—Stock .to be Offered
io Public—
"
2
Inquiries^ have been placed with
Co.—Registers With
purchase
behalf
on
•
needed to complete
Service
from
Blaw-Knox
/
main
Robert
_
Central- Illinois -Public
for
-
to
Colgate-PaliholiverPeet
See
..
Was. Awarded- Aug. i3. (pn a- hid of 99.51-7, >" net* Interest
1.593%.
Other bids included Salomon Bros, & Hutzler, 99.'489
Marquette,-
-
their
•
-
1
58,768
shared
The ISsue
•f This
with
1420..
p.
:*
'
..."
LOANS?rCompany
y
"share,
a
BANK
Replacement Program—
the declaration of a regular quarterly dividend of
payable Sept, *16 /to holders of record Sept, 6, 19,46•
A dividend of 30. cents a share was paid March 15 and again pn Juno
15 on- the old stock which -has .since been split three for ppe.-r•Y.
basis
'73,720
i,500,000
of
The issue was promptly oversubscribed.
cost of
Burlap? Co. j Chicago—New /Split-Up
60-Annual1 Dividend Bgsis—
on* Aug. 9 placed the new; common/stock m A $0,-cent
The directors
15 cents
>
;/.'.; 19,043
consists
ifor i^c; Chemical Bank & Trust Co., 99.25 for l'/fes; Harris, Hall &
<Jo. Xlnc.),-99^26 ior -I'/as.
! * *
;
; .;
\
v..
Central Bag
snnual
AND
;
Shares Placed On
'/
•
<
.693,150 bhares/
inately $2,246,049.
i64,'.p,..823/7v.7../:/;7;7M^
•T-V;
-
capital
Corp.;
predecessor
;.
1
None
Ross
General Manager of the rayon division, is re¬
linquishing all positions, with the company, effective.Sept, 1,Mr
BassUl has been associated with Tubize -Rayon COrp ■ • and • its
committee,
options'
stock
common
|)dded tp geperal funds..
Associated rln 4he ;oftcring-axe: *Putnam
Co.; -First .of -Michigan
The First Cleveland Corp.; ■ Mason, Moran ■& Co;;' Mullaney',
«Ss Co.: Alfred O'Gara & Co.; Patterson, Cop eland ;& -Kendall,
'inc.,- and F; G. "Yantis & Co., Inc. •'
■
'.
The TCCrtificates -aye being Issued to provide -not exceeding 80%. of
the cost of 790,5P-tpi) ell-steel hppper.cgrs; estimated. tp .CQ§t app.roxir
America—Official Resigns—
is."Bassui, Vice-President, direcfor^hii-member .of the executive
and
:
par.)
63,870
•
If the present financing is completed, the outstanding capi¬
turity.
.
Celanese Corp. of
j.
40.98T:
——/
14,932
responsibilities
administrative
(no
the
fcompany
Chesapeake <& Ohio Ry.—Equipment Trusts Offered—
Halsey, Stuart & Co. Inc. and associates on Aug. JU
offered
(subject to ICC approval)
$1,750,600' l1/^ %
equipment trust certififcate$, 4ue:; 1947 to 1956,: inclusive,
'
treasury
"71,550
standing $90,500 of convertible debentures.'. The debentures
Oct. 18, T944, and- are flue .jpet* 18, 1954,-—164, p. '417. '
164, p. 823,
y.
$30,562*
-9,711
4,436
-
talization will be
.
ofshares
number-
'
f:
.' -PEBENTURES
special' meeting of Stockholders
a
to vote on a proposed three-for-one split-up of-common
stock, to be effected without an .increase in the capital and surplus
account/Stockholders recently approved an increase in the .authorized
tor
from
; $57,596
;//14;549
26,324
-
/-
-
" Jll(674/
CAPITALIZATION—Authorized
($1 par).
^
President,
Me.—
_
Aug.112 filed a* letter of notification with the SEC.
on
shares
600
ended
company at $10 a share.** Offering price
600 shares
$30 a
$hareoptions, to purchase-2qa shares. $20 "per optioned share/ .Un¬
derwriter, Clement A. Evans r& Co., Inc./Atlanta, Ga; ' Proceeds to-
/Deficit
-
Wonths
,
1941
v
Loss,
$13,954
54,824
1043wa.>-—i,__w;—-
.
.
Profit-,
■
,,
* $123,220:/
1944-_.__J_„-_/___/_„
'
•
-
i "e mulated
Reyenjie
1945-—
Carolina Power & Light Co.—Co-registrar—
.
;v
for
./i-Xvi ,
•;
Accu->;
;//•
Year—'
1946"(6 rhbs.)/_-~—1--.'
n
^
....
v,
.-
The!'company
r
..
:Hi
iwill be used-for payment of bank loans
Issue not underwritten.
*
■■
of 1945.*" Fob the first 'she
^Coca-.Cola Bottliiig Plantsi Inc., ^outh Portlands
•
;Files With SEC—
i^-PROPit^ANi?-*Lp§s-^hrfpiiowlo«^
past five afldpne-half y$ars; '
t
^ $813,903 for like period
[
//
Aug. 12 filed a letter of notification with the SEC
of common. Offering price, $5 a ; share. J Proceeds
and additional working capital.
on
shares
20,000
[
-"
Mos.~i945
f946—6
-'
---•
•"'for-the three
,
Carley Trailer & Equipment Co., College Park, Ga.—
'
after, .all
,
$634,384 $1,856,296 ."$1438367/$^942,24^
;per;icom,.iShare,^;/;/(: :$o.25:/;$0.74. ; I .$045 •
$1.96
.^Before provision Jigt .depletion of. disco,ye.red Increment;
--
its
of
profit
■/J charges; and taxes—
operation on a full 24-hour,
plant
estimates
:;'i94^-Mosv—1945'
Period End. Junfe
,
,
three-shift basis andproduction will be
about $59,000 per month by August of-this* year.
The purpose pf the'
present
financing
is
to provide funds for "the construction and
equipping of a- new plant .on a lO'-acre .site'recently purchased .by the
Company/in : Redwood City.
Initial plans ' fdr the new plant corttem^
plate production in two shifts of approximately twice the volume*
which can be produced In three shifts by the "present pfant.
Based pn
present sale prices, therefore, thd new plant should be' able to prpducp
;» "sales volume of 'approximately; $^200,000
anhually,/ ^hp/he^. jilant
will also be capable of expansion.
*
I,
j?-'
*'s >
■as
Trading Corp, is inviting holders of
7% bonds, due;Aug. ;1,-1941, ;fo
submit tepders to it for the purchase of such bonds,. Tp.that purpose,
8100 000 has been made available to Bankers Trust Co,, 16 -sWaU.St.,:
New* Yprk, N. Y., for the purchaser of the bonds at the lowest prices
tendered; and to whom such tenders should be .directed on or before;
Sept. 9, 1946.—V. 164,. p. 416.
/
-—
1
'
The
Caribbean
-
month .in
a
initiated
now
•
plant .and
-
$30,000
PLANT
leased ground
on
pilot
a
of
Fncome taxesS°
es
refund of
reserve
^e
for
/
.
„
,
-
'
P/^ortionate share of net profit of subsidiaries
no' taken up, amounted to (def V $84 867 in 1946,
$217,665 in 1945 and $245,401 in 1944.—V.
162,
p.
3070
;
V
net
President,' on July 26 stated:;',>
asset value,,.on the basis of June. 30 markejf:
,
'
4
Coleman,
company's
.values, was equal to $6.95 a share, compared with $6.44 < a share ,pm
"Dec! 31,; -1945 and ..$5.81 a ;share -on ,June 30/-1945./1
Two quarterly dividends of 60 cents, a
share were paid, the first
on April
! and-the second on July -1.
Approximately 57% of these-
tAfter
profits taxes amounting
contingencies utilized„during...the, /
excess
st-rilce expenses jess applicable ^eduction in
.Waldo
"The
dividends', represented
sale
of
security
securities
profits
distributed
whnip
will
of
during
deuend
the
during
distribution of - net-profits realized on ther
first half of the year.
This left net
the
15 cents a share, which were realized but unthe period.
Dividend-payments for the year as a
to an important extent upon/the amount of net
;;
Volume
Consolidated Hotels, Inc., Los Angeles—Registers With
the sale of securities during the
^7* " '
1
which may be realized oil
//.Z/
profits
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4517
164
(entire year.
SEC-—
outstanding ^development^concerning the - company during th6
first half of the year was its substantal growth.
Reflecting primarily
ah increase of 22 % in the number of shares outstanding, total net
assets rose by 31%
to $3,314,955, the highest level for any reporting
Tfhe
.
the history of the company.
date In
'■I
Interest
-
income
Total
.
1944
$32,467
3,060
3,186
$32,893
$34,710
.9,006
8.474
7,901
12,774
Expenses
$26,809
$24,419
$24,464
$22,806
78,867
14,174
32,644
$126,494
$103,331
$38,593
$59,453
52,692
44,368
36,277
28,587
103,688
:
cash
number
shares
of
to
(no
par)
/«'r»ort«0inpany
lor
for
the
to
tional
public through competitive bidding such
shares
of
common
will
as
cash
produce net
See
Securities
market
at
quotations (carried on books of com¬
Interest receivable
that
Total assets iL-,
•I
LIABILITIES—Sp
" ' ''
$3,450
28,486
Current payables and accruals
Dividend
•
payable
Total liabilities
$31,936
:—
•Net assets
$3,314,955
476,769
$6-95
(valuing securities owned at mkt. quotations)capital stock held by public ($1 par)
value per share
Shares of
Net asset
stockholders
of the
company subscribed for;
130,150 shares of a new issue of 141,496 shares of capital
stock under the terms of an offering which expired
Aug.
The stockholder - subscription price was $42
per share. - The underwriting group headed by Kidder,
Peabody & Co. purchased-the: unsubscribed shares. iThe
names of -the? underwriters and1 the percentage of un¬
subscribed shares'taken by ■ each are as follows:
.£'/■
$3,346,891
.
.
the
~
company
Aug. 8 filed
on
registration statement with the SEC
a
ment.—
V.
163,
•
Amer¬
invest¬
Webster -Securities^■
A.
Southern
Corp.—Weekly Output—
.
to
tricity
Aug.
Aug.
on
(electricity
11,
14
that
announced
and
generated
System
purchased)
for
increase
Shares
stock—or
the
$34
share
a
to
share—and
a
taken
The
of
the
it
provide
to
all
which
outstanding
2,188,890
shares
$5
of
'
1944
1945
1943
t$475,959
514,864
§$298,060
/ 514,864
$0.84
$0.49
•
$$485,777
514,864
$0.85
charges, including depreciation, Federal and State income
income
taxes
amounted
to
profits tax, $62,634.
excess
company's
formal
to
the
or
15%
have
preferred
objection and
Oct.
8
meeting.
preferred
the
of
reserved
the
stockholders
to
demand
at
$225,700
for Federal
and
State
income
holders
If
shares
right
to
of
file
will
such
abandon
the
have
right
to
objection,
the
the
company
$11$,531, representing, one-halfW
fiscal year ended Sept.
the
profits
1945.—V.
value,
amount
—Fiscal Year Ended—
of
account
par
the
company's
does
was
Aug.
On
the
outstanding
trust.
Although
it
reduce, the
have
would
net
Trust—Report—
been
but
1.005,162 shares of $1
there
dividend
for
par
value
the
of
each
split-up.
value.
In
share
There
connection
to
one-third
are
accumulations
Drug
the
50%
The
net asset
to
amounted
$22.99
as
value
$32.68
as
of June 30,
INCOME
share
per
compared
of
with
STATEMENT,
income—
dividend
income
Interest
-J-
(pther Income
trust
$28.99
SIX
MONTHS
on
801
•
31,
1945
JUNE
1943
$323,750
521
1,164
Total
Income
———
$540,391
38,426
Federal income taxes—
Net inc.,
excl. of
1
T :
$335,957
35,590
Crl,071
15,200
$501,965
$414,734
$316,131
402,064
402,064
301,548
$285,167
201,032
BALANCE SHEET,: JUNE 30, 1946
-
ASSETS—Cash, $351,447'; investments
(market value $32,024 217),
$14,529,267; accrued interest receivable, $494; notes and accounts re¬
$47,028; investment accounts receivable,
$543,750: deferred
ceivable,
items,
$425;
total,
$15,472,411.
LIABILITIES—Accounts
kfa
$ 1 1A HKO«
nr/Mrieinn
payable,
4-A^Ar.
'
*
$9,212;
(MAO.
,
investment
n.»
the
$1
of
40
cumulative
cents
'
*
'
accounts
~
.
;
debentures):
*
due
June
"
$240,000
-
to
1956
'
:
y
,
.
1,
give
(adjusted
1945
;
'
715,429
;
1945
1946
$11,902,471 $15,594,739
special charges equal to unusual reductions In
Federal
Income
taxes__«
Depreciation and depletion
Interest and debt discount—
income
Net
—
.
i
1,389,875
4,156,927
1,896,891
—
—
on
>' "V
.
4VS»%
prior pref.
4,362,105 '
5,386,157
2,308,465
■
$4,458,778'
stock—
7?
11
1
of
6%
preferred stock
$3,538,012
1,108,729
1,108,729
."
1
Balance before state taxes oh dividends
Earned per share
—V.
$3,350,049
$8.95
-
$2,429,283
$6.49
,
163, p. 3133.
Eastern Gas & ^Water Investment Co.—Bonds Sold—
Bioren & Co, have sold at 100 and interest an issue of
$254,000 secured" 4% bonds, due'Aug.
tax free in Pennsylvania—
1, 1976.
Bonds
are
used
were
to
acquire stocks of certain companies.
The
bonds are secured by all the capital stock of Eastern Shore Gas Co.
of Virginia, Eastern Shore Gas Co.
(Maryland) and Charleston Gas
Co. (Maryland).—V. 164, p. 681.
Eastern Minnesota Power Corp.- -Earnings(Company Only)
1946
Quarters Ended June 30—
Gross earnings
Operation
V
——
-
1945
..
V
$142,364
———
$119,883
.64,886
80,995
"
5,769
2,970
14,267
—
Taxes
Net earnings
Total
13,904
12,815
Depreciation
share
A stock, no
class
12,066
$28,517
23,888
deductions-
income-
/
$26,055
23,962
$2,093
$4,629
issue
reported
were
to
amount
to
$3.45
per-
1946
Quarter Ended June 30—
Gross
other
1945
$419,271
income).
$363,672
201,967
(incl.
revenue
145,190
Operation
Maintenance
14,817
■
8,697
Depreciation:
44,922
43,292
34,388
33,237
Co.—Preferred
Conversion
Stock
preferred
likelihood
remote
the
of
of
of
a
the
on
Aug. 15 approved
preferred stock
share.
need
for
the
program
a
basis
a
of
providing
four
sizable
24,328
recent
loan
shares
to
of
announcemnt
provide funds
preferred stock
that
Total
common
'•
any
unconverted
following
on
income
—..
Total
47,851
;
47,893
S
$61,961
23,888
deductions-
income
23,962
$24,946
parent company
Net
23,400
$109,854
$48,834
subsidiary deductions-
Balance
than
more
26,490
$96,686
taxes, State and Federal
Plan
$37,998
-V. 163, p. 2723.
of common stockholders had
Ebasco Services Inc.—Weekly Input—
-Agrees to Pay
ended-Aug. 8. 1946 the System inputs of client oper¬
of Ebasco Services Inc., which are subsidiaries of
& Light
Co., Electric Power & Light Corp.. and:
National
Power
& Light Co.,
as compared
with the corresponding
week during 1945 were as follows (in thousands of kilowatt-hours):
ating
.
.
,
Operating
American
Electric
-
&
Light
& Light
Power
1946
1945
Amount
Pet,
177,570
73,436
176,318
80,781
1,252
*7,345
0.7
*9.1
102,120
103,180
*1,060
*1.0
;
Company-
& Light Corp
Power
National
Increase
f-
Subsidiaries of—
Power
Company..
■
of
$500,000.
The
government's
settlement
figure
was
one-fifth of its original $3,498,182 claim,
Federal. Judge F. Ryan Duffy ordered that
hearing be
termine
•Decrease.
the
settlements
NOTE—The
■■■■
held to de«
and George Randall. They are former officers of the com¬
by Judge Duffy of income tax evasion and sentenced
They have filed appeals.
: Another of the disputed
claims, the rent due to the Reconstruction
Finance Corp. by the company for the use of one of its war
plants,
heard
in
Federal
Journal.")
Court
Aug.
'
20,
,
Judge
-
/
Duffy
ruled.
any*
("The
"
was
announced on Aug.
9
that early filing
(by notification)
of
shares (par $1) common stock was expected.
The stocx is
underwritten by B. G. Cantor & Co., who it is said will offer
the stock at $5 per share later this month.
Company is an 18-year-old
radio
manufacturer.
It
manufactures
radios
under
private
brand
59,500
being
names,
pany found guilty
to Federal prison.
be
inputs of
Espey ManufactuHiiff Co., Inc., N. Y.—To Offer Stockit
of
Lange, jr.,
Milwaukee
above figures do not include the system
companies not appearing in both periods.—V. 164. p. 825.
than
less
approximately $130,000 in disputed claims
before approval of Mr. Houghton's reorganization
program is made.
Mr.
Houghton said he was sure that the largest of the disputed
claims, that of the Gulf Securities Holding Co., would be disallowed,
explaining that payment would benefit Walter W. Lange, Fred A.
will
Power
cash
a
ment
companies
American
i.
e.»
Macy's, Bloomingdale's, Spiegel, &c.
.
t
Ethyl Corp.—Increases Directorate—
Five new members have been
Albert
L.
elected to the board of
directors, viz.:
Executive Vice-President, General Motors Corp., and
Vice-Presidents of Ethyl Corp.: John H. Schaefer, Percy
Bradley,
the following
pay-
r
31,
per
Treasury Department announced in Court that it had decided
to
raise its figure
for settling tax claims against the company to
$675,000.
The Treasury had said earlier that it would accept a pay¬
10,888
1,318
$352,200
36,069
35,176
December
the
Total consolidated income-.-.^^—.-^——.,—
Prov. for income and excess profits taxes and
The
cap.
gains and losses—
Dividends paid —
'
—
$448,839
of
of
issuance
CURRENT] POSITION—As of Dec. 31, 1945, and before giving effect
series
itors.
1944
■
Expenses
on
dividend
a
payment of claims by unsecured creditors in cash Instead of
preferred stock arrangement was agreed to in the first of
of hearings in Federal Court at Milwaukee,
Wis.; on Aug. 5.
The change was accepted by Albert B. Houghton, trustee of the com¬
pany, after the Joseph L. Behr Co., Rockford, 111., one of the cred¬
itors, offered, to buy the company and make cash payments to cred¬
a
30
$338,910
12,126
,
With SEC
The
and
ENDED
the
to the new financing,
the partnership had total current assets (ineluding $98,347 in cash) of $580,720 as against total current liabilities
of $101,642, leaving net current assets of $479,077.—V. 164, p. 681.
1945,
30,
Debts in Cash—
stock dividend.
1945
305
-r-—
Dec.
.
to
For the Week
1946
$395,911
52,407
.
$539,286
30,
BUSINESS—Company is
in
and
that
Crucible Steel Casting Co., Milwaukee-
by
June
founded
CAPITALIZATION—As
approved a conversion program.
accepting the exchange will be redeeemed at the
call price of $25 a share,—V. 164, p. 554,
200%, stock
of
as
1945, adjusted for the 200%
1946
Cash
the
'
-.
working capital to take, care oi ;
business; and to provide for * addi- *
Preferred stock not
to paid-in surplus account and credited
to capital account $2 for each share of beneficial
interest outstanding
at the close of business on May 24, 1946.
.
each
retirement
became
charged
was
<
>.
other
Gross
conversion
for
The
for
what
of
and
a
as
outstanding
now
with
the
shares
a 200%
stock dividend on
of beneficial interest of $1 par value of
distribution took the form of a stock divi¬
asset
,
provide: Additional
successor to a business- orlgl- :
1870.
Dyke Bros, is a manufacturer and wholesaler /
building materials, including paints, hardware, glass
related-building materials.- Operations include glazing, in¬
stallation; of store fronts, sash and doors, and millwork.
nally
-of .lumber
Approved—
it was essentially a split-up of the outstanding shares and did
change the proportion of each shareholder's ownership in the trust,
but did
/PURPOSE^Td
the- -increasing dollaryolpme. of
tionai. expansion.
Income
Crown
shares
this
and
1
General taxes
dend,
not
for
operate
payable Oct. I to holders of record Sept.
10.
A like
paid on Jan. 2, April 1 and July 1, last.
On the latter
arrearages on the
share.—V. 163, p. 1423.
June 29/46 June 30/45
$7,315,748 $123,487,826 $67,000,206
May 10, 1946 the trustee* declared
then
not
declared
12
The common stockholders
•
Interest payable June
1956.
3UNTS
on
date,
June 29/45
for
the
$1,000- denomination.
Net
directors
Co.
Consolidated Investment
'
Crown Cork International Corp.—40-Cent Dividend—
The
1945 fiscal year included only one month's sales of
Reid,
and Danncmiller Grocery Co. acquired as of June 1,
164. P. 824.
&
that
cancellation
Aug. 9 filed a registration statement with the SEC
($5 par) common stock.
Underwriters are headed
by First Boston Corp., New York.
Proceeds go to Joseph Levy, Presi¬
dent, selling stockholder.
will
NOTE—The
Murdoch
1946; due June* l,
Maintenance
plan.
—4 Weeks Ended—
The
The company on
for 300,000 shares
on
June 29,'46
ground
Crawford Clothes, Inc., L. I. City—Registers
file
Consolidated Grocers Corp.—Current Sales Up 43%—
sales $10,445,681
^
year were not
release of liability
under the renegotiation statute.
Nevertheless, in the absence of new
development no further action is contemplated.—V. 164, p. 274.
Proxy material for the October meeting already has been filed with
Securities and Exchange Commission and will be sent to stock¬
on
Aug. 30.—V. 164, p. 824.
net
reserves
of
Blake, President, on Aug. 12 announced that the War Con¬
Adjustment Board has recommended that renegotiation
excessive.
holders
Period—
•.
^
.
Price
the company be cancelled-for the
the
Consolidtaed
Dated June 1,
taxes
tax, net credit of $115,091 for estimated recovery
profits taxes in accordance with the provisions of the
for
appraisal of their shares prior
approximately 300,000 shares,
an
With
Registers
:
1.
Principal and Interest payable at Mutual Bank Si Trust Co.,
St. Louis, Mo., paying agent and trustee. Debentures in coupon form-^- *
-
Cornell-Dubilier Electric Corp.—Renegotiationoctave
on
The
Angeles
Dec.
Dividend require,
•
profits
excess
1941
tract
entitled
to
$100 a share in liquidation but
which
are
,the books at $199,995,714.
This discount of $18,893,286
from par would be eliminated
through a preferred sock refunding
program known to be contemplated for early next year.
a
Los
■;
Proceeds
are
carried
Inc.,
debentures at par.
$254,014 and Federal
-
in
prior years and after provision
$43,237 for Federal and State income taxes.—V. 163, p. 2434.
v
stock
preferred
to subscribe
right
$23 per share in the
Rights expire Aug. 19.
Eastern Gas & Fuel Associates—Earnings—
on
now
are
at
12 Months Ended June 30—
was
To effect the two proposals, approval
must be obtained from
least two-thirds of the outstanding preferred and common stocks.
There
for
interval
an
par)
825..
p.
sinking fund debentures
Partner's equity*
shares from 3,000,000
common
10
514,864
11 After crediting to ihCbme
Charged against operations
learned on Aug. 13, is to
adjust the company's property accounts valuation to
satisfy the
New York Public Service Commission which has questioned $238,800,000
«f items in the property accounts.
write-down,
4.6
§Includes $248,460 excess profits tax • recoverable from 1941 because
of carryback of unused excess profits tax credit.
No provision for
•Federal andStatelncomfetaxes required in 1944, ' *
fall.
purpose
10.6
& Co
Revenue Act of 1942.
stock—2,200,000 shares—to be sold to replace
$5 preferred stock.
If approved, these steps would be
completion of the $290,000,000 bond refunding planned
after
this
Sept.
$0.02
tAfter deduction' of
and
create
to
Hutton
fi$50,540
stock—
tFederal and State
of
$20
164,
given the
are
(no
10 shares held.
taxes, and excess profits taxes in 1945 (1944 none) and 1943.
class of preferred
present
for
from
V.
stock
Dyke Bros., Fort Smith, Ark.—Debentures Offered—
/Edward D. Jones & Co. and Metropolitan St. Louis Co.,
St. Louis, Mo., in July offered $290,000 4% sinking fund
effect
1946
share
per
♦After
meeting of stockholders will be held on Oct. 8 to vote
write-down of about $162,500,000 in the stated value of the
new
until
recessed
was
common
Earnings
special
common
a
10.fr'
Corp.—Meeting Postponed—
•Net earnings
Plans New Preferred Stock Issue and Write-down in
a
also
reijord July 30
common
share for each
new
4%
6 Mos. End. June 30—
output of elec¬
the week ended
Stated Value of Common Shares—
on
Securities .Corp.—
Copperweld Steel Co.—Earnings—
excess
A
10.6
—
164, p. 824.
5,000,000,
5.8%.
of
one
Drayer-Hanson,
working out details.—V.. 164, p. 680.
1946,
an
Beane—
The adjourned special ■meeting of the stockholders called for Aug. 13
authorize the issuance of 350,000 shares of $50 par preferred stock
to
amounting to 183,000,000 kwh., compared with 166,200,000 kwh. for the corresponding week of 1945, an increase of 10.1%.
liocal distribution of electricity amounted to 173,200,000 kwh., com¬
pared with 163,700,000 kwh., for the corresponding week of last
year,
Fen-
Bacon, Whipple & Co
and to increase the number of authorized
Consolidated Edison Co. of New York, Inc.—Output—
company
Pierce,
10.6
Inc—
Continental Motors
The weekly kilowatt-hour output of electric energy of subsidiaries
■of tihs corporation adjusted to show general business conditions of ;
territory served for the week ended Aug. 8, 1946, amounted to 259,-518,309 as compared with 250,367,521 for the corresponding week in
1945, an increase of 9,150,788, or 3.65%.—V. 164, p. 824.
.The
Co.,
E.
W.
10.6
------10.6
&
Lynch,
&
ner
Union
>«..*
AsBecker
G.
—V.
Commonwealth &
Inc.—_
'Corp..
Drexel
1423.
p.
10.6
Stone &
:The
Co.,
Merrill
21.2
Blyth &
Registers With SEC—
for 250,000 shares ($1 par) common stock.
Underwriter, North
ican Securities Co., San Francisco.
Proceeds will be used for
of
HISTORY &
Kidder, Peabody & Co._
Electric. Corp.—Stockholders' Rights—
of
The company on Aug. 12 filed a
registration statement with the SEC
for 80,529 shares
($1 par)
class A stock, convertible into common
stock (par $1).
Underwriters, Maxwell, Marshall & Co., Los Angeles.
Price to public, $10.25 a share.i : Net
proceeds, estimated at $694,761,
will be used to pay off loans and accounts
pay able,
company
Container Corp. of America—Unsubscribed
Stock
Purchased—Mention was made in our issue of Aug. 12
,
10,836
——
——
&
shares
SEC—
of addi¬
of $20,-
number
proceeds
20,066
ratio
Such proceeds will be used for acquisition of property, con¬
or
improvement of facilities or other corporate purposes.
has property additions, estimated to cost more than
$53,000,000, now under construction.—V. 164, p. 554. >
pany at average cost, $2,298,111)^^-.—
...
$3,059,657
Cash on demand'4epolitwl^^^--»»W-^i-—'
a letter of notification with the SEC
sinking fund debentures.
Underwriter, City Securi¬
price, $97 and Interest..
Proceeds will be used
of equipment.
.;./•/ .*•••'••*•//<
/, v. / ■
Derby- Gas
struction
The
ASSETS—
on Au&* '
Offering
The stockholders of
000,000.
STATEMENT OF NET ASSETS, JUNE 30, 1946
V
Corp..-
for
its
Indianapolis, Ind.—Files With
$300,000 5J/a%
ties
lor purchase
stock.
common
*** P' B* Atwood' Asslstanfc Secretary.—
Delta Collieries Corp.,
o
J,
<
p? 3416,
v. 163,
parent, Commonwealth & Southern Corp., in exchange
1,811,716 shares of its common owned by Commonwealth, r It will
offer
~
Divs. declared,
unspecified
an
shares
Net
Net Income
"
.
*»hr».rin«r- Robert,.r. schnertng
e v zeddies. vice-presidents;
Treasurer; C. HowardBent, Assistant Treasurer;
and
convertible preferred stock
Underwriter, Lester & Co.,
common.
Names
of underwriters are to be determined by competitive bidding.
Con¬
sumers
proposes to
increase its authorized common stock
(no par)
from
2,000,000 shares to 6,000,000 shares.
It will issue 3,623,432
before gain
realized; from; sale
gain realized from
sale of securities..—.
par)
The company on Aug. 9 filed a registration statement with the SEC
inc.
of securities
registration statement with the SEC
a
4%%
par)
*
'
Consumers Power (/©.—Registers With SEC—
for
Net
($25
(50c
—V/158, p. 387.
2,242
$33,470
3,349
shares
'
1
*
Los
Angeles.
The offering price is $25 a share of preferred and $9 a
share of common.
Of the total, company will receive proceeds from
the sale of 851 shares of preferred.
The remaining shares of pre¬
ferred and all of the common are being sold by Ben Weingart, Presi-/
dent and director.
Company will add the proceeds to working capital.
1943
$29,707
•
$35,580 C,
,
1945
$30,410
1946 '
•
<■>■'.<
'
shares
97JJ63
150,000
,
$32,231
.
"
The company on Aug.7 9 filed
for
EARNINGS FOR SIX MONTHS ENDED JUNE 30
Dividend income
~
j
953
Griffiths, Harry W. Kaley and Stanley T. Crossland.
Mr.; Bradley takes the seat of Donaldson. Brown, who resigned as
T
a
director
company
crease
after
serving
continuously
in August,' 1924.
in ; the
number
of
The
since
other new
directors from
the incorporation of the
directors constitute an in¬
ten
to
14./W
Other members of the Ethyl board are: Frank W. Abrams,
•:
Chairman
954 ^
Si
i
of
[THE COMMERCIAL & FINANCIAL' CHRONICLE
the'
Hafden1,*: Vice-Fresi'dent, and Robert T. Haslam,
Vice-President, Standard Oil Co. (N. J.)Robert P. Russell, President,Xj
B0&Td;
Standard
Orville
and convertible at-around $30 a share. Divi¬
details'Will be determined by • the board at
S. Saphier, President, said. X7"--'
^Proceeds from. the. sale, of .the. 115,.00)3 -shares will be used for con¬
struction of a; new plant in Hempstead, Long Island, N. Y;, and for
add:tidns''?fd WOrking k3apitah ::C6nstrudtioif' on ,the ;factoi;y,' Scneutiled A
foi" completion early next" Year, will begin in a few days,u Mr. Saphier '
said."''-' ' "'1'J'V'; t
■■•yy y-yyyyyy ::X'X:X"JX',:;
;• i-;sr»>V*.;»C* .-.V*- XX x, ,:-LX
~The Company
lor
{,
>• UM:
x*!
'
an
will
on-
be
,
used
additional
for
working .-capital." Issue "hot
'
Uerwritten.
<
XXX,: V^^4...'^V^
-The
Chase
National
pointed -registrar-of
$50
,
.
•
-
.
of
"
.
Fidelity
$1
"XXX.XX..
v
.The company on
100,000 shares
Guaranty. Co.
^;A
,-
i
■>
(
series
•*^
'
would
"
($10
to
is'sue," this" would' leave
about $5.33
to purchase at $40 a share any of the stock;nut subscribed'
stockholders. ■; Stock will be offered fqr subscription to stock¬
at $40 a share.
Proceeds will be used to increase the
by
'7.
157, p. 552/
;
Filmack
Corp. '(111.)—Stock Offered—Daniel F.Rice^
Aug. 5 offered 60,000 ; class ,A common ^shares■
(bar |$1).; at ,$3' per share.
These securities are offered •
,as a.speculation.
,.XX yMxxsy i XvX-AX-.. -
x;&: Co;
on
Agent—-Continental
HISTORY
&
in
ganized
in
Co.
1946,
BUSINESS—The
1919
Trailer
;
National
Bahk
as -!a- sole
May,
1940,
Trust
v
as
business
fifth
.'.j-V" -7
^
7.'
/■
*"7r* 7•'"*
or ;,
■
Mills. ' Now
'
'The
Angeles plant Will
Los
new
becoming its principal officers and the sole holders of all' its ;
outstanding shares, of stock, consisting of 62,000 Class B common
jsnafes.
"
v
*M *X %j
• X
4
< r yi
.
'
>v
General
For
•
^
I
.The company
■
with
;Is;now:-:'^gaged'^n'''provldlhgfmot|bn'.-i>icture'.''-theatres
film
the
trailers, either Out of standard inventory or made to special
otder. rThis is 'its'sole TihC "of
business,'"except" "for* development work
y in
connection
theatres.
"
•
'
'
■
,
'
'
,
Authorized
A
B -common
shares. ($1 par)shares. ($i parju.
common
3,186
from
*$3,658
x7,994
1,984
traffic
of
.
The
.
and
INCOME
*
.
>
STATEMENT
Gross sales
bf'i sales
.Operating "expenses
1,J
'
;;
—
_
1454
;
I
$238,163
Canada.
in
Following
is.
income
Other
$28,456
of
production; figures
for
v''?:v5
Week End.
Chevrolet—Passenger
;
,
material
costs
with
and
the
6,491;
in
income
Miscellaneous
;
expenses
Interest:
$63,169
Vft
2,056
5.^.•
J-L- X'
.-.rX X'
•
2,.786
Cadillac
2,951
18
875
7'
:
$53,114
5.Coaches
profit
164, p,
—
»»
826.
.
•£
•*»■*«•
$27,307; I.
•>
$60,364
Foods—-Netv
r
than
more
Financing .PZaimed-^;
previously
40
■-
1946-^5 Mos.^1945
$77,709
$381',608
62,179
50,036
286,084
v.;^,
-
V.
-i
;
tax
rwy.
"
$8,860
'Cr6,484
accruals
$27,673
A,000
.
$11,084
Fixed
inc..._
oper.
income
•,
on' fund.: debt
1,583
--2,259$7,412
Dr427"
3,271
2,980
8,264"
\ J-J J ■*. *'f■1-i~r:
directors
the
on
outstanding
1•..
;Aug; 9 declared
common :
.
-
«t•••'
$53,598
;
stock,
no
t
,
shares
outstanding,.,per share-,——V. 163, p. 2291.
-
;
$1.94
—V.
*
.
|
>
•
interest
fixed
The
stockholders
ferred stock
■
'
i
Of
the
initial
$25
200,000
series
of
authorized
par,
at
shares
115,000
a
a
special
new
"cla'ss
meeting held
authorized'the
cumulative
of
200,000
on
•
shares
convertible
to
of
shares. aV.a'
t ; ♦
will
be
promotion.
Actual
option to purchase
Lincoln Highway,
;.
The
operations have not
*
■
former ice cream inanu-.
a
immediately after possession is obtained.
.
will
rent
property, company has negotiated art
Fuller Co., of Ardmore, Pa., under which8,000 cubic feet of-controlled
refrigerated. *
on -Haverford
Road,
Ardmore,
Pa.,
capable
storing
of
of the company's products and will
trucks" of. Thornton Fuller Co. in order to
pounds
also
lease-'
serve
as
a.
in
distributed
by
the
supplement. the
to
company
sale
pfr.
Ultimately, the: resale of all products so purchasefet;
own label.
'
.yX r>y
.
_
..
authorized {capital stock consists of 155,000'
divided into 145,000 shares of class A common stock*.;
for cash,
in
or
reimbursement o£r
3135.
p.
will
of
;
^
'
Co., Inc.—Earnings^- X
1946•f945 - •
$5,208,879'
$5,508,529
4,188,106" ..4,240,044
'1944
-
X'
Aug.
letter of notification
5 filed a
with the SEC
par) comifton. ' Offering price,- 25c "a share^
for general development and improvement o£
"V" ;X
Issue not underwritten.:
company.
19'46.
operating ' profit;-com..shareMa
taxes
ori
-
$1,2168,486;37,149
$1,020,773
-$96fri687
f $329,85T._
$0.68t
f
-
in. 1946, $230,142 in. 1945-for U.hS$123,020 uri
1944,
in
also
1944
deducting $100,440 for depreciation and amortization and $28,515funded debt 'charges. XtAfter deducting $99,005 for depreciation
;
,
for
$563,35(1
Fed.
$1,305,635
.
;;115,093
;
233,168
-
1
inc.
tax_
289;000 '
$1,081,781 ;
229,240
$25j65 fc for fUrided-"debt charge, 'arid; provision of $68,701 for Canadlaa;
:.19,707;
;
725,000 '
-
$497,541'
ju—
-
'
'
..
til
yyjyy
v. 163, p.
$285,824-
]■'>.Xv'X-X i
,
over the corresponding week of 1945.—;V. 164,.
827..
P-
its
and
who
will
continue
as.Chairman'.
his
in
'•
Counsel
Mr.'- Boles
tinuing
will
become
Charles
Vice
as
H.
and
alsb
later
becoming ^Senior
announced
Executive
Vice
that
Vice
President.
W.
W.
Greene,
President
of
General
in
-
.1.
•"
-
to
President
of
it
both
was
"
companies
in
;
''';
„
,
- h
-
„
.
1945
•
$2,828,231.
''/
,
■,
Commercial
National
Bank
&
Trust
Co.
of
New
York
-
has beea-
*
;-
Hamburg (Electric) Ry. of Erie County, N. Y.—Sale—
v-:
;
Corp.,1;
y
yyy
fX-yxy%:y. xxy-
■'■y. y-,
iyyyxyyy.X'XX*,
.tlamilton Radio Corp.^r-Plans Change in Name-^r
"-special stockholders1 meeting Will be held' on Aug. 27 to vote on. as.
proposal of the directors to change the company's corporate name to»
Olympic! Radio &. Television^ Inc.—-V, 163, p. 464.
X>-XX '
'X
fr -,VX.**?
:;..1
■.
^
has resigned as aft Executive'
order to. go into-business-for
announced,
.
1946
"
,■
con¬
Executive Vice President'of North Star Reinsurance Corp.
Pritchard,
/
X^ee Buffalo Transit Co., Inc. ^above.—V. 161, p. 208.
.-"vi. X-.-i
addition
,i'j. v
1945X
fewned'by the company.--*'
XX
;
appointed - registrar jfor the common stpck.T-V, .164, p. - 421;
:
i\*
'*
'<■ [
'
-1"
position
Reinsurance
'
JUrie -30,
Gulf; Atlantic Transportation Co^^egistrai>Hs1
.
A
-
,
eral
.
——*$2,732,724
■XV; 164, p. 556.
•
Xr.X-
rx
2157.'
Sales-:
fire
two companies
Six 'months ' ended
thfe
Grayson-Robinson Stores, Inc.—nluly Sales Off—:
The
of
for
Month of July—
■
output: bf "this company for the -week* ended -Aug.r O,'
amounted to -127,674,600
kwh.r an- increase of. 5,335,276 kwh.,
or 4.4%
net 'profit'
gatton iin-respect: of infringement of a pateftt
a—
'
$303,745" "
NOTE—The
included & :«Ct ; amount; pt '■ $66,000 "for :a"recovfeiV a§ a -reeuiti of 'litt--
63,000
:..
•
■
•
234,233)
355,000
$347,467*""
$583,057'
•
Lowry returns1 to the insurance business after having served as
of E. R. Squibb & Sens since
Jxily, 1943. Prior to that he
was
associated
for nine
years
with-'the Maryland Casualty Co.,' of
Baltimore, joining that: company in 1934 as Vice President and Gen;;
pre-:
.
1943
*$238,098
$0.46
*$322,735
$0.80
and
Income
-
..
194'4
-1945
' *$647,668 '
$1.61
provisiop of $488,966
Canadian
and
.2,603,058;
•
*
' (25c
used
6 MoS. End. June 30—
•After
$3,166,403':
3,064,185
on
be
Earns, per
.'"Mr.
"
±
".V "
X
Gotham Hosiery Co., Inc. (& Subs.)—EaMrtgSr-^
Net
-1943'
$4,030,873
company
500,000' shares
facilities
Treasurer
.
-
the' Lancaster
Thornton
(par $11,
Proceeds
these
in
7^*
A^verlisi^
Wbfit-iX_i__*I_
President of the
.
Aug.: 1.5.,A
corporation plans
The ""
^
,
•
affiliate, the North Star Reinsurance Corp.,; Edgar H.
Boles, "Chairman of the board, announced on Aug. 15.
As President,,Mr. Lowry succeeds Mr. Boles, who has been President
for nearly 20
years and
whot recently has -been both Chairman of the board and
$8,092:
\ General Bronze Corp.—New Preferred Approved—
-
to
distributor
ness.-^. 163,
jGeiieral Fublic Utilities Gopp.-X-Weekly Output-^
,The)'electric;
and
on
,
M_
PURPOSE-~The purpose of the present offering is to acquire fuftdsu*
to complete the purchase of the plant and equipment and to
provide^
material, supplies and working capital with which to commence busi¬
employ^
•
assets
X
,
Buick
General Reinsurance Corp.—New
PiesidentXRtc.Tv
;Pdwafd G. Lowry jr. has been: elected-President of this corporation
v.
LIABILITIES—Accounts' payable, $'671; accrued ^liabilities:
capita! stock, $1,328,671; total, $1,337,435.—V. 164, p. 297. /'
Offered—E.
'
an
at par, either for services rendered,
corporate expenses advanced.
^
"
$699,348, advance •• to .employee for ^expenses,'$150:'
savings bank account, $815; oil concessions,
$535,(net), $1,392; organization and
predevelopment expenses, $64,126; development expenses,
$36,104; total, $1,337,435,
*
500;
Inc.—Stock
limited-Voting power (of which 125,Q00 'shares, are lp<j|W beingoffered for sale*), and 10,000 shares of class B common stock, with full'_
voting power (which are not being offered for sa!e to the public),.
v
Of
the class B Common stock,
7,500 shares are now issued and'
outstanding;in the hands of officers and directors who acquired them,
163, p. 2437.
1946,
ASSETS—Cash,
-
"
lncom'er___X6,317
'bf?
•'
$0.74
.
.
CAPITALIZATION-r-The
shares
v
220,360
.
'
——
$163,835
282 071"
*1
,
—
for
'-Net
1945
$563 '967
;arid Federal■taxesl'L-
1945
$1,347,423
with.
on
Total
Prov.
:
1946
...»
"
''1
'
r-~
"
-
,•
,
''
$1,346,691
subsidiary income and excess profits taxes,.u
-if:,:-C
-.
1946
$68,943
'
its own 'product's.
tars—a-
Income-—____
$L037,090
Ambrtfzatldh, :etc'._li'_ll '
244;345
dividend of BO cents ?per - share*
par value, payable Sept. 30 to
a
Named
accrued
?
announced
1946-^model
Operating'proiitTi
,
'r
$1,411,023
after
Other
*14;900)
Gaspe Oil Ventures Ltd.—Balance Sheet
April 30,. 1946'
•
t
!
..;~7.%v.'«.
(Indl) "Corrugated Paper Co.^-Earnings-r
Net profit "after ail chgs.
<Common
'
•
:
Ft. Wayne
6 Mos. Ended June 30—
y'» ;
-more-
Expenses
Payments in 1945 were as follows: March
31, 35 cents in Cash;
June 8, 25 % in stock, and June
30, Sept. 29 and Dec. 31, 40 cents each
in cash.—V.
164/p. 682. *
*
:
;
-
Buick .plants.;
-an
___
.8,996
X
16;34$
•>.
$1,144,141
,1945
.
by the company" Will be" under its
persons, were;; employed; in
X 3 Mos. EnfeL June 3QrOperating revenues
holders of record Sept. 14.
This compares with 40 cents
per share paid
«n March 30-and
June;29, last;u; ^
c■*
•
two
r
X 11,299.
$24,503
struc¬
•
The
on
1,064'
422,076
production
$82,156,
11,889 • '
7,188
11,299-
.
.1945
■;
Philadelphia and vicinityi;
'<H-X V*
rThe business of the company will include not only the processing
and selling of. coo.ked frozenf foods pf; various kinds;: hut;• will also"
include the purchase from reputable packers of a large variety offresh frozen, foods,, including fruit,-vegetables, poultry; fish and meat,
series are Models 51 and 71, 6-passenger,
4-door-sedans, and Model 59,
the 6-passenger Super Estate
Wagon.~-y. 164, p. 827,
'
■
*
v
'
I7;282*
General Oiitdoor^^
-$54,878 *
3,365
2,259
$160
{way ;.and
-
,
for
$82;583'
V
ia4b
.
,.$63,600
.
speculation..
a
planning and
refrigerated
direct
.
Food JWachinery Corp.—Increases Quarterly payment
a- ;.
-
Z7479
$14,619
income
_
Dr 1,863
as
holds
with
company
the
,
and
-10,915
:
X-.
.<?*}£'
y
."ft?-?-1("■&■?#■<). *' ' 1
"" »X. "-'X'
;Goat Mountain Milling & Developing Co., Inc., Seattle
Wash.—Files With SEC—•
1 '
'
'X
" "
$93,498
$55,357
installed
Mr. Cur.tice .said: production
oft these 6-passenger cars: on 124-inch
129-inch wheelbases rounds out the Series 50 Super and Serifes 70Roadmaster Jines.. Other body types already in
*,619,
11,086
-
addition
storage .'space
250,000
21,952'
30,964
*
ties
——Jan. 1 to Aug, 7——
Aug. 11 it has begun production
.Vpersonaliz:ed', -convertible- 'With
push-button controls for top, windows and front seat, 'and the graceful,
rpomy sedane.tr-^all; featuring importantv ehanges and iniprovements in
appeafahce,^design add performance.
*•'
" s
<
:.X ffi.OOO
$66,443"
*
1.731
4,699
1,437
tures
and
equipt.)__
•;
T-V.. 164, p. 7.
;
.
.19,565
$16>82
.
Drl,055
chargse
Depr.
-
$9,611
deductions
Net
'
about
as of
Buick Motor Division
of
*
Cont. int.
■r«
,
.262,029
$141,117
§»515
.
8,460 '
$18,213
income
Miscel.
"
-
-1,473
rwy.
-Total
1
$95,523
-
"
4,260
rents
Net
to
the
-
.
;
Rwy„ operating ;inc._
Other
limited
cln
.
-
.
1
-r
track
of
thfe
in "labor
July 22 offered 125,000 share* of
tions can commence almost
all-time high of 44,600 dtiring Ihe war.
^
Buick currently is seeking, an additional;;3,000 workers in
skilled
and unskilled tcategories for : its
expanding production) ;prdgram;i
J
$403,146
;
cars
rnent reached
$71,039
-•
;
when
1946—Month—1945
•
Net
28,603
number
-
class
handled
increase
to
x
'jjXyX
lower
a
traffic
due
$48,661
;
plant on the
about 3'/a miles east of :
for $50,000, clear of encumbrances. The property contains
adequate acreage for future expansion.
Since the plant already con-"
tains a large part of the necessary equipment. It is believed that.opera-,
-
1,656
•
with
was
)
to
Lancaster,
Aug.-1, Harlow H. Curtice, Vice-President of General'
Motprsi'and .Gen6faI:MariageT;ol7^
disclosed. 0n..;Aug7- 9.-v:
>
At
the
same
time
Mr.
Curtice
disclosed
that
employment had
reached .a peactime .high, of 20,128, of- whom 17,757 are hourly-rated
personnel.
The previous peacetime peak was reached in June, 1941,
Co.,
revenues
Net rev. fr. rwy,
oper,,
Federal income tax.._*l^
•
.26
Foods,
on
fgcturing
7 Buick Motor Division
produced 14,764 passenger cars during July, >
bringing total 1946 'model production for ^domestic find >«XPflrt .user$ to •
held*
expenses
Railway oper.
Rwy.
operat.
i
privately
It is expected that Luckhurst &
of underwritters handling the.Issue.
years.
Pelriod End; May 31
Other
>
.
due
was
and: business—Oft
.The company
';Bui6k Motor Division Produced 14,764 Cars in ,July-43,667
expenses
$78,250
Frozen
>
Fonda, Jphijstowii & Gloversvifle
^RR.—-Earnings—
/
.
V'a. ;i,210
increased
___
Co.; Inc.,
commenced.-
..
Xia<v. will-head the syndicate
v
been
9,771 '
11,005
J
69
*$53,153
April 30, 1946, .company was-'orgftiibusiness of preparing, processing*
cooked and fresh frozen foods, with its regiptfered office ar 1700 Sansom St., Philadelphia. " Activities to date have
which
it wa§ announced Aug. 14, plans s^-le of-:
125,000 Aharetf
par)
eonVCrtible preferred and 60,000 shares of common
stock.
Proceeds of preferred will be used"
to. further along company's pro¬
gram cf
expansion which recently included, the 'acquisition of-three
additional wholesale grocery concerns.
Sale of common stock will be-*
the initial distribution of securities of this
in
-i:
A,
894
"
67
"
*
49,871
distributing and. storing
•Canada shut down for vacation.
<$10
Concern
L-
-
*$51,822
ized in Pennsylvania to engage in the
44,178
761.
-
.
:
Total .U. -S. - and CAnadar—1
Company,
-
906 *
•
$43,314 *
; ';,::;X6,557
6,625
556.
Glacier
HISTORY
47,958
_____
A—X__
.:yl2,0ft
*$58,447
$16,356
$67,450
stock is offered
$49,288
•
.
1
Flagstaff
3,3f9
i&yy 769v^
GMC Truck & Coach—Trucks
GM of Canada0.
Net
>-V.
$29,363
164,
agreement
35,691
4,137
Buick
Total
2,826
v,
ciassXA;^^bommOn^^-sto^Ic iSl'jgiar) ^ at ^2'Fer
118,311
"
46,350
r
;
12,031
10 Days End. July 31 —Jan. 1 to July 31—1*
p.
-
»
2,350
______
•64,015
month.bast year.
same
revenues
Fitch &
..
;7,652
2,938
17,349
$17,599 X $101,681
*
ia4o
revenues
-Jan. 1 to
3,472
Oldsmobile
3.688
.
-
1;
18,443
$16,565
1946,
Aug. 10, '46 Aug. .3, '46 Aug. 10, '46
10,849
10,385 ;
132,146
Pontiac
$49,425
'
.1,071
in
year.
in operating
—V.
truck
and
car
Week End;
"
18,794
X
Operating
-
-■■■.
"
29.706
,229„
Period—
1 c./..'•
.
3,000*
'
3,600.
v
•
75,575
"!
$59,563
income
tabulation
a
divisions:
•
"Truck X,
Net
A::'-'/:
110,161
2,888
..
15
"1944
$261,253
.119,771
■
:79;024
33,047'
,
depreciation
;
.1945 f':
-$113,363
"
50,404
—
-y Cost
•
—Calendar Years—
May.31,'46
*/x
freight revenue
generally as compared
handled
Operating
.
(Partnership),
5Mcs. End.
.
•
^32,244 :
$15,494
Xi8
_
Period
Froductibni of v trucks In -the iUrilted States^by; GeneftcT. Motors ivas
short of previous weekly hig.hs for1 this year, primarily be- -'
cause
of
two
supplier
strikes
which
curtailed
production
at
the
GM Truck & Coach Division in Pontiac for several
days last week.
A total of 7,464 trucks were produced;
by General Motors in the
Aug. 10 week, compared-with 8,615 •fOr the previous week.
; Although
several important Strikes among GM supplier companies
were
settled
during the week' ended Aug. 10," the number of such
strikes
continued
to
rise.
A .total
of 72
supplier strikes are now
affecting : GM divisions, 57 of which are in the United States and,
62.000 shs.
■
-
"
1,984
Week End. Aug. 7
.
:"!?r
$167,831
v
*$13,346
decrease
increase
compared
as
continued
1941.
•
*$13,137 ~
______
month last
same
269,744 passenger fears -fir the Uhltei
compared with 1,385,905 for the same
as
988,950
$89,8dl
2,940
""Decrease. "
;
.
of' passenge.r cars. in
a
slow
rise, with
Aug. * 10, with; 20,693
1,058,565
$25,288
'7,810
'
;V
*$13,635
X.
income.
-NOTE.—The
z
•60,iKk)shs.
-62,000 shs.
date
to
X.
*
'
Output Changed—
production
Motors
X:
--
$1,156,481
.
"
.Surplus applic. to int.
again
'
Outstanding
/ 60,000 shs,
the year
for
period of
■
^
Class
week,
General
produced -during the - week; ended
cars-
States
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
Class
by
the week previous.
•.„.<.•••—1 :
rThe Corporation -has produced
w
provide additional wprik-*
ing capital, -to"be used mainly to expand the company's business into
the field of producing and
supplying preview trailers for motidn pic¬
f
consecutive
States
for
with
supplying
ture
third
United
21,113
its purpose to expand into the field of
producing
preview- trailers, hereinafter described, X\
^PURPOSE—The' purpose of the issue is to
and
the
Motors Corp.—Weekly
or
Mos;-^-i945>
$1,148,366
'
.
-
cash,
;
170,166
'2,980'
income—
Gross., income
.
be the 20th in the chain of General
—
: Jiers
in
Rwy»|-«^r^
$58,365
,4,95.1
>.•?
Deducts,
flour mills extending from coast ib coast.
,,
These newAplahfs ^te part bf the corporation's "postwhr Expansion
program and will be under "its Sperry
Division, which serves the West
Coast.—V.. 163, p. 3134.
'•
"
'•
»^s
.A. .-A"
Ti v * •
present company,
incorporated in Illinois- June 15, '
the business and assets of the partnership, the part-
$2.75
"
Mills'
proprietorship by Irving' Mack, was reora partnership. under the name! of Filmack
the
on
ACCOUNTS—COMBINED
Northern
$8',172' 1 X. ;; 5,374 .-X
*3,476
Ins.,Act of *38
Non-operating
bperafion
in
Cashr-
or
sham
per
1,
.
174,579
o'per.
accruals-r-reg.
ry.
-Net ry. oper. income,
*'/■'; )
General
expenses
fr.
ixxxX
Dec,
1 11946-^Month-i4945
$182,751 " $206,531
Ry. bper. income
Eqpt. rents—(net Dr.)'_
Jt. facil. rents (net Dr)
■
7
Mills, Inc.—Grants Contracts for Construction
packaged food plant owned ;by
ffev.
.Unem.
.
share."—V. 164,'pp. 826 and 682.
per
$1.50
164, p. 827.
RECEIVERS
rev.XX
tax
'Fed. rr. Tax; Act '37
plants at Portland, Ore.; Buffalo, N. Y.; Chicago, 111., and Oskalo'osa; Iowa.
:'clV':;v 'V*:- "" 1
7 'X " '■
' ";7V""-;
The
acquired
stock,
commo.n
on
oper.
Rwy.
are
Co,1 of,
brlgiiikily'
corporation,
of
earned
operating
Net
and )
(Thd new. plant'at Lodi; less than 26 miles from Stockton, will be the
.
andTrustCo.'
arid-
^■■ "■
y-/rXX
.
founded
lllinois
Reglstirar-rAmerican; National ^Bank
$1,220,000
AND
,'Period End.'June 30—
aged^^ f0d^fpj^pucts7at'L.odir Calif.; and 47 cbxppletely) modem flourt mill
to be erected at Los Angeles, ;vv;' v':"r
y "I"- "■
,
Transfer
■y.otChicago;
Chicago*;-,t
$2,350,000 annua.ly,
share; : and
{Including Statesboro
"
Rwy.
Rwy.
NkjbjfointmeftV of contractors for the construction, of two new manu¬
facturing plants in'California was' arinouncCd on'Aug; i by this cor- '
pdration.1 These contracts have bkei awarded to two West'Coast firms •
and cover the building of the 1
company's new cereal plant for pack¬
.
,
about
'■*
General
:
capital
*nd surplus of the
company.~r.V.
earnings of approximately
gross
of .a::,common
CORPORATE
:
diesel
mean
of
"i: Florid^: RRi—Earnings—*
Georgia
:
iafter taxes baore thah.'$l,350,OOQ net-profit. ;After ,deducting aPproximately $130,000 for dividends on the contemplated preferred stock
Aug. 14 filed'a registration statement with thfe' SEC"
holders
;
the present plant setup.
,
,
•
;s
a hi
;%r
'5 £'*■>.
jNormklly 'the company anticipates a 10
.net -profit on, its Volume j
of business'after all charges, other than taxes.; Mr. Saphier said this
Baltimore—Registers^
44/iOODths
121/1500ths of, ^ ..common share,—V.
under
t
company
<•
cash,
;
par) capital stock. United States Fidelity &
Baltimore has entered into an agreement with the
of.
"
engine parts, and other metal fabrications should _>
reach about $4,000,000.
i
:•
•
"
;
'A compilation' of total volumesales-for all products is .'$23,500,000
annually against a. $9,000,000 yearly gross volume for all products
I
A,
dividend
a
rate of 44/1000ths of
one
share for each share of preferred
stock.
A'like amount was'paid oft March'1 and on June
1, last. Payments in.
1945 were as follows: March
1, Jilne 1 and Sept. 1, $1.50 bach 'la
wqrk^t custom-jhade'.'windows,'; outdoorbarbecueA grillSi tateel v
stairways',
declared
have
convertible;
.
windows
mental
,
Sharehpldinga Corp.y-Piv- in.Stpck
directors
-cumulative
preferred .stock :;(optional stock dividend
series),' "Payable on Sept. 1 to holders fef record Aug.' 20, "In lieu of
cash, stockholders, at their optibn, may receive common stdck at the
^pnually for.a volume of.$16,000,000. Probable minimum
bf'- SO.OOO^befetfhgAuhfts^Y^riy^ for Ak •gros&' bf ^kbotit
$3,500,000 for that product, is planned, f Sales .of "architecturalorna>-
;':=XX XX" ^XX/'-xX
^*■»-' »*"*■".
■
$6
"producWon
,See also V. *164, *
'
.
'•
'
forfera^t A'ugi. 9';for ibis
Volume ''waX
General
.
The
-
$23,505,000 "annual} sales
inum
been'ap-
preference'stock,
& Guaranty Fire Corp.,
lor
York' has
par value
X;
11.i
With SEC—-v.,. -;XXx
...
stock,
common
yj
.
"the-City of New
the-4lhl/c-cumulative
and the
value,
par
682.
p.
Bank
.
^.'. X;
Family Finance; Corp.-~-Hegistrar iA.ppointCd-4- X
,
.
...
.
•
.
Aaron
Saphier1, if the/stockholders' approved the proposed
preferred ;stock issue to 'obtain funds for the company's new plant.
-Mr.'Saphier predicted -that-with thfe new plaht at Hempstead, L. I.,
the company should be able to sell at least 1,000,000'low-cost alum¬
un-
.
meeting,
corporation by -Mrs
.
Augf.••••9 filed-a letter''of ndtiflcatioh.'VitH ' the SEC
-shares Xno par) common. ; Offering price,
$25 a share.
1,278
Proceeds
;
early
.
•A
•
Fake? & Co., Forth Worth, Tex.—Fil^
-
V:
A*-; \V> il
J
.4Va%
dend:'.rate -and conversion
■
XX
to exceed
rate not
.Oil
Development. Co.;-Frank A. Howard, formerly • Vice- '
President'Qf Standard Oil Co. (N. 5.) ;.'Alfred P. Sloan;.; Jf,; Chairman •
of
the'board; "Charles' F. Kettering, Vice-President and DirectorofResearch; John Thomas Smith, Vice-President and General Counsel,
General Motors; and Earle W. Webb, President,
Ethyl"Corp.—tV. JL6D,
p. 2542. X- >
•-""X. *'*
t
Monday, August 19, 1946
'il
i
Instrument
Hammond
i
Co.,
Chicago—Registers
With
sec—
"
filed' a registration statement with the SEG
commoft. "Underwriters, Paul H. Davies &r
will be used to redeem the outstanding
'preferred- s'tock at- an estimated cost, of $213,258,_
The 'company on Aug'. 8
for
Co.,
80,000-shares
Chicago.
6%'^cumulative
Net
($1
par)
proceeds
exclusive,of accrued .,dividends. .0CompaqyXalso wl)l (Use, approximately
himself, as a reinsurance Intermediary
and~,copsult^nt- but;WiU re- :J
,tain, his -cohnectioft. .with the ; two ' companies, in"1/a ^consulting and , X$40^,00p 'toward /jthe^purchasey of ;-a • manufacturing .plant,- in Ch«j.ago^:
dividend X Advisory ".capacity XrV.
163^?.: 142q^X>'X::
;***» V ••I*
he-addMUe-working eapital.-*-V. 159/t».-2520. "J"
-
issue fen*
14
'
?)3^baliiftcfe'will
<
.Volume 164
*4517
Number
THE COMMERCIAL & FINANCIAL CHRONICLE
')Lik^-iybandonment^The
ICC
July
on
c<mpany
issued
n
certificate
a
.
^ts ientirAillne of railroad in Hawaii County, .Tffr*
158. P.
01
i
i
"
County, Ky.
.
station
wagons,
General
4:
V U
-•*
Hazel-Atlas Glass Co.
Subs.)— Earnings—
Fnrird
S
:
YeaTS Ended
Tirm T
,
June
//
,*M.
Yc-irc Ended
-
i -'
oi'lZS'nrt
^
Cost of goods
sold----
11,401,764
9,916,264
188,493
185,097
....
^
...
.
•
...
Gross mfg/ profit.
.
Sell., gen. & adm.
r
'
■
1,010,370
.
■
,
Other
Income
/.
122,687
_
To
Tnini
■;
f
104,458
-
*in *»nd «79«;
e.«9,480
(nett' **.
sold
;
.
^
A
6 0r
.....
,
,
Prov,
for
taxes
Fed.
1 571
•
~ ~757
ioi
-
..
With
the
,
in
the
size of the plant
from 20,000 to 56,000 square
of
addition
acidulating
the
Middle
.
.
6,861,110
$1,783,775
--V164
'
422.
p
$587,009
543,011
$4,615,543
2,437,852
$2,798,430
434,409
434,409
434,403
•
$4 U
$1'35
$6.44
.
-
S10-62,
.
"
skcotS^oC&
Ottered^F,-®ber-
Stadt & Co., Inc., headed, an underwriting group
(with non-detachable
"PWiSais Variants 'attached! and.89,000
funds.
from
stock
common
at
common
proceeds
be
shares
10.000
holders.—=V,
will
164,
$16,75
the
sale
applied
of
stock
nlnr»pH
pidueu
rnmnanv
vumpdiiy
:
•
.
-
j
,
<69 000 OOft
q>^,uuu,uuu
i
mnrtcyncro
iHoiel Waidorf-Asioria
Interest
an.
payment, of
"ex-interest"
Idaho
29.—V.
Aug.
163,
corporation
Calcium
.
■
..
.
_.
materials become available.-V. 164, p. 557.
*,>*■■■
shares
loO,000
*
and
2a
of mining
jnent
$125
—
gik
Uncollectible
oper.
J-
:
—T-—
SKK
/Net
income
?«i
for
interest
income
,
S 08? 1'SIS
7,898,615
iw
13,580,429
nRTqss
•
Th.
fUed
f
4,633,696
(
.5,370,921
to
•
i'r
' '■
Bank
*
sharehoMera
Group
*
''''
rr=
1
;
i
'
record"^3if631
of
'i
:':l<
..
:
.
■
Common
1946>
New
Ytrk
stock Exchange
ducted
Augj.13
cn
contracts In common stock on Aug. 22, 1946, shall be ex'said distribuand- that all
jnyst be redeemed..on. Aug, 23,, 1946.
navable'Splitting the 599,760 shares of common stock outstanding would
,m.L.im»;»MTllsb»Tse4280.
on
Sep
30. 1945.-V 164.
p.
-
6 Mos.-End. June 30—
Total
———
;v5,52T
—.
/
■
income
.JB^rnings per .$hare^—
/
As of
i
cumulative nreferrtd stock.-
' 'I
9;984
.42,760
$0.1437n.
;.
1945w the- liquidating value lpei< «hare
Stock, Valued At the hidaide bt the market, Was $11.97.
i>f
/; ;47,390
$0.1384
paper
/iIjIABILlTIES-^Notes/pay/^unseiC;-),
■to
3286
■
*
$817 74-7f
in portfolio,
of securities
elation
-.
-t
,
,
,
.
,0"al
-EarningSpr,
"
;
$869,719;
total,
$5,292,797.-!-V.
/■■■'■./
Machines
.
Crp.
(&
v. Aoa,
Canadian inc
Outetdg
IhaVes
Earnings DeJ
share
^
■
-
and exc
prof
"
W(.
taxes
'tock
$19882 770
'8
188 770
1 432-407
«.nd excess
-:
: International Dctrola Corp.
fabricating
of $175,000 with the contracting firm of Wagner & Martinez to erect
067
•
r 'company's present working capital, v It is therefore the
the company to apply any funds received from the sale of
reserve
Provide additional work ng cap tai.
.
.
-,f
t.
Lo»ergan
WHH
Wlih
164, p.
'
Torrey,
r„. n,
manufacturing
facilities
Co., Albion Mich.
:
,
.
/
-
proceeds
to
working capital.—V. 144, p. 1965.
,.//•/
and their respecbe purchased by
p''
„
--Singer,
Putnam
.
Bfearie
* 'Company Shareholders
& 'Scribner—-——k-9,000
• 3,000
'•
&-Co;-a.
,
Selling, gen. and
.
the
y />/
•.■"J
company
:
-
will be used
as
1,493,257
admin.
''
'
'
—
-
..
T
,
profit.^—$261,715...
Other income
^
_
$2,235,915
;
-Cost- of products sold--
Gross
/ -
^
.
/
Total .incomeincome deductions——'
/ ,lt ,
/
Profit before taxes on • •
-—--Year Ended Dec. 31--7-1945
1944
1943
.
_
.
$265,991
64,242
,
,.
fi
$5,319,16«
,
—rrr
3,526,052
$673,729
$688,278
189,665
;
.
.
$5,650,380
$5,303,917
- 4,276-14,549
—r-r- —-—
"
-
$498,613
95,780
343,991
.>
w
3 665 97ft
■
-3,873,507 - 3,bbo,y#ft
; ./
<•
'i1
"S "S
$668,303
$542,994
/
68,287 >
;
•
s.
r
; 406,673
—
.<y
$420,473
$562,203
..
'•
289,92a
louisvi,,e Gas & Elcctric Co- (K}-.-)-Weekly Output- - Minority
13'818
1M2°
15'!78. . . "fs
Etief-rtakifig.':rdlltitf'milt »M™lSS^d wlUf^lSOW '"tw'^orfYhe //Net'protft™\..-.._$92,150^ ,$136.501,-,$117,283i
'Interests^of The. Andrewi
corresponding week last year, an increase of 1.9%.—V. 164, p. 829. -h•.^• '164, p. ^82,/,y,
t
v., ,
•
•
Acquires Steel Concern- /
'
- 33,064
-*—-/■
$576,058
155,584
$736,590
174,387
•
income:;-^—$201,748
prov;< for:- taxes on In-' / ' •
-
(est )
'
-
5 Mos, End.
May-31, *46
-
i,.' ^
counts, etc.)-y>—u--
••
6,000
6.600
-r-*—jT
CONSOLIDATED,JNCOME STATEMENT
/
i
2,000
2,000
2,000
6,000
—
-
Hayden, Miller & Co.—r
.
l''
feutcher Si Sherrerd——<1/—'
T>oolittIe, Sohoellkopf
Flies '
■/'
«s. /
National-Bank: /
....
UNDERWRITERS—'The names of the underwriters
tive number of shares of common stock, severally to
each, are as follows:
,
'•
.-
-
4
Net
Outstanding
both -.. PittsburBh, are transfer.
of
'
a$ent and registrar, respectively.
except • those
728.
^ufactu^
York.
f;
' Authorized
,
Iuip*c™u&w
^
^ 125,000shs.
.107,300shs.
company on Aug/7 filed
New
,
«Excluave <« 2,700 stares held In the treasury
,
Aggers; said.is expected-1 to, play an increasingly important role In
home construction.—V,
, ,
.
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
•
-
Glass Co*—Expands Facilities—
glass
ntention of
the common /
^ finance plant improvements to
°P ?"t
1 COmI,an^„»PeMa >
; W«. for renegotiation
'^turing ,Thermopane,. its new insulating > windowpane, . which > Mr. ;
refunds
^; ;.44,58/
olftees.
manolacturlhg huUdtng. and
*
.nooessaxy.
■ .
, . .. , ;
/-The-additional productive capacity resulting from these additions and improvements- to plants will • create an additional demand upon the
•
«bderg6ing rnutine repair; The- company has appropriated $14,700,000 • Gross-sales, (less dis-
: -l'//
c°rPor®b°h of
: the
plants1 and coal mining
coast; subsidiary has. entered into-contract in approximate amount
f
.for inew construction,-.all of which is either under way - or completed.
Canadian income
profits taxes.—V. 164, p.
-i hurthhf nS
*5
;1* 145
regular and
West
Co.
.
,
Name—
£ letter PfYiiotificalrfort ;with the SEC
-for ?4;500 shares-^ <$l par)^^class^^B common on hehah of the company
523
7
•
and obtion warrants for purchase of -10,000 shares of class' B common
Mfi-^^dnbehalfJ of' ^ree optioning stockholders./Offering price, $4 a share
9261,091^443 -> vof- tjlass- B common and 10 cents a warrant./Underwriter, Cohu;&
?t°ck
1,432,4071,145
J""*"-T™'-*tl^2 and £4.42t
S. Federal
•-v;?After providing Jor- estimated U.
„
,
vi
-
-
.John D, Biggers, President,-an Aug, 12 disclosed-that, for the-first
tlhfe in its history,•: the company is now Using simultaneously all -of
Subs.)-
Mathews Conveyer
subsidiary,
contemplates
TRANSFER--AGENT"-AND REGISTRAR^—Peoples First
^
'
■
-
the company's
the erection-of a new plant upon real estate
owned by it in San Mateo County, Calif.
The cost of erection of
.such .,a plant, and the transferring of equipment, together: with the
purchase of new; equipment, will be in excess of $190,000.; .The West
company
r
its
163,
lease of
The
-coasts covering its,present premises expires on March 1/1947, and the,/
,
_
V®rP»—Leases Add 1, Spa(?e,~5r
^]b^y-Owens^Ord
in
'.6MonthIWded June36-k r
' .'Y 1946
:.A945-^
,1^4
$10^?n« w'VionaViiv
Sel'wofit^0a5;517^^
-
mately $76,000 of construction work at Elwood City.
sale
See Tishman Realty & Construction Co. below.—V, 163, p. 1569..
4-«W, !/rv
*
*
r-i
/
7
,r
t
i
"
/
/
.
nn.rotirv'J Ll;£Z,L
linfiWihntPri
v-
.
cash
$500,000; capital- stock ($1 par),
,
-
,
No.of.Shs. Purchased from
'
/ '•
insurance^tbeks^-^1^^,3^,333•
sumlu&
* lines of'-'equipment' make /Jt necessary that, the plant' facilities :at
Ellwood City and Port Hope be enlarged.K. It -is estimated that the
--cost of these .plant improvements and the acquisition of additional
equipment will cost approximately $250,000. The company has already
issued purchase orders to the Uhl Construction Co. covering approxl-
,
olfe/for
-
SHEET, JUNE, 30, ,1946
'^siCTS—Securities lil portfolio:
/unrealized
appreciatibn- (income tax deducted), $869,719:
Jjanks and on. hand, $111,744;. total»-$5,292,797, v
• .
<at427 851-- naid-in
surPlus- >
> >
» . *
,
y1 ^
*
»
' /iv The. ^company., has been .considering for some time-increasing v its
.
plant capacity--. Additional demands, upon the company for its present
.
t
-
n
/'
the capital
BALANCE
;
connection with the issuance of the stock, will be credited to paid-in
•
plant acquired from the War Assets Administration.—V» 164,
~
,
th«
'
of the war the corporation began- a program to
and cellulose Droduct mills, .including a Memphis
p
$67,-125
ii45440
.
$0.05.,,$04479.,
June 30,
end
its
.(Tenn.)
—.—
$65,922
the
modernize
.'6,613
i
■
Following
11,222
the proceeds to be received by the comp.ny from
of"80,000 shares of common 'Stock, ^$30,000 will be 'credited to
capital, stock and the balance of the consideration, Jess expenses in,
later this year in connection with the additional expansion-program.
$84,360
5,876
■■
...
$64,186
.
.
It was said that addttionsixohimon stock might be
v-1943
$81,782
;5,545
-
t
40/760;
;.
;;
-
-
10,752
$22,450
^ivs. paid or accrued--
.
-
$80,483
■
-
1
---
.
Income—w$83,8J7.
16,923
r
Net
t
'^£arnm^
1S45
.; 1944
-j-,1946
Expenses
Taxes
Yportose-oi
'
'
^1"/
/MSUV?^are7h£<8
.
On April 9, 1914, it became a Pennsylvania corporation, and
^nSe
that
tion;
•
the bottling, glass, brick and
1912, to be closer to the then geographical center
operations from St Paul Minn .to its present plant location in Ellwood
'•/
£
aTSndment purs„antcerSieat"8 eachmegaton ' whtl'stock,
to the
M
was
to which
share of
AaJg> 10>
1805,
the name of the company was changed to Mathews con-
**.,'.
,
...
in Minnesota April; 12;
City, Pa.
a
on
^
^
Institlltiohal Shares, Ltd.—Distributioh-^a
<
.
of 110 Par valde> wiU be changed into two shares of common stock,
of no par value, by the distribution on Aug. 20, 1946, of one. additional
share tQ holders of eaCh share of record Aug. 10, 1946. H
$H?X'22?
4 677 606
907,376
7b2,930
days' notice at par plus a
irimhArlv-iniark Corp.-r-StOCk Distribution Approved—
qtorkholder,
at
Snecial
meetine held
on
Aue
9
1946 : an-
*
«k coo ooq
Snv'^fi
762 930
J
V
-V. 164, h 422.
p.
60
upon
The company is a direct continuation of a lumber business started
1827.-<, About I860 Charles. C. Kellogg becaine.a partner
in the business and his name has been associated with the concern
ever since.—V. 164, p. 727.
-
lao'S
13
_^20,081
$1
1947
in Utica in
%
—
^962 742
16.
?incorporated
of its customers and suppliers, the company moved its manufacturing
are
plus-accrued interest to date of redemption..
*
ll®M8
1'199'048
Jan.
tilteS lo/Seel
-
semi-annual
5% and accumulated interest to redemption date.
The
subject to redemption through the sinking fund at par
of
also
bonds
SnvS^i
'^nvW
together with other
■
after
date
premium
develop-
$12,848,992 $11,538,186 $77,075,230 $67,818,410
revenues-
•operating taxes—
oDer
par
preferred
one
used
wtel
as,to supply conveyer systems for
So
other industries; i In
...
the company's JLO-year
of $26,400.
;
The bonds may be redeemed In whole or in part on any
1946—Month—1945 ;• 1946-^6 Mos.-v-1945
$12,866,912 $11,554,000 $77,178,227 $67,917,860
17.920
15,814
102,997 fV 99,450
rev-
>
Operating
of
be
TTovklrrkc
Earnings.
ties
.
.
principal
the
in
ig47
r.
2
37,500 -shares of $1
will
the''company
bv
of,
sale
f in the conveyer .industry, the company enlarged its production facili•
?!.&«/,
and refunding mortgage bonds maturing Jan. 16,
amount of $137,000 and for payment/of an
existing first mortgage on the plant property in the principal amount
Files
underwritten.
Telephone UO.
/ Period End. June 30—
Operating , revenues
and
net nroce^ds to be received
The
primarily
and
^.Company, was originally
b.a
'A
j.,
engaged
are
installation,
as Mathews Gravity Carrier Co.,to-'produce gravity conveyers for
: ?ahbgle'\inann£actuTer6v;/ Wlth the advent of the anti-friction beafing:
'
sinking fund first
Ida.
,
uhit_ consisting
Proceeds
Issue not
-
Net
a.
shares.
claims.
Illinois
;>
preferred
pari
price;
common
u
Inc.,
and
,
Sons. Co.—Bonds Offered—
&
erection
manufacture,
^
tfie pUDllC JploU,UUU O fo 10-year SinKing luna nrst
mortgage bonds due July 16, 1961, at 100%, .and interest.
the
__
Home,
^
($100
Offering
common.
share
,./••
fellogg
(Charles C.)
fned a Jetter of notification with the SEC
Tc°Fpa?y'on JiHk
lor
to a shortage of
is due principally
reported,
1
*
side
add,
aluminum strip.,; sheet pilers, core-handling systems for foundries, and
assemoly and inspection; conveyers for.^numerous Industries, mills,
packing houses, dairies and bottling ^plants.
^
{
The
*
and certain other telephone systems are bemg iineu as.
With SEC
^
peripd. ^.. ^
corporate funds, will be used for .the payment, of
.
Mountain
Corp.,
design,
hamdling devices such as coll upenders and
office equipment which was virtually unobtuinoWe
equipment nfceds of .the,.I. T. & T. companies
central
the war;*
during
2727.
p.
Wr
.
r'
the
automatic
•*
.
I
hers,
•
%% debentures/payable 6ept.- l-,1946, to holders of record August 30.
The New Yoi'k Curb Exchange has ruled that the debentures will 'be
quoted
owned
the
Jpo^t-dlSenrTS?^^^
'
90
2'/i% nn
.
»
virtually ah.types:.of ^conveying.equipment'.except types'/used in the 4
'Payment^-
CJorp.—Iriterest
The* directors -have^ ordered
,
belt ConveyerSi overhead trolley conveyers, drag chain conveyers, pallet
applications for telephone- service on June^Oi ; TKe total;pf;"unfilled or-
o.^/o mux tgdge
^
™a^;*agg.
-
•
4
*
J'
v
subsidiary; Malller Searles,
wholly
I. T. & T. telephone operating companies had a backlog of 199,514
>-
Off existing loan and balance was used to retire out^"""6 *
J
1
J
X
1-"
.J
,
T
i
i
"
standing preferred stock and to liquidate bank loans.
i
'
behalf of selling stock- /
are on
•<
m
.
RicoPand^ shangSii
Of the proceeds $600,000 was used to pay
Milwaukee.
holders.
Largest net gain was shown by the United River Plate Telephone Co.,
Ltd., of Buenos Aires, I. T. & T.'s. telephone System in Argentina. The
company reported 513,915 stations in operation on June 30, an increase
of 5,381 statiiii^i(/or
<•
year loan Wltn^lSOrtnWGStCIH^MUtUal Lilt Insurance CO.,
-
'J •'»
,»
:
^
.
9 do/
L.
,
- •
* shares offered 10,000
-
Inc.—Loan Placed Privately-r-In June
nrivnfplv
pxivdiexy
/
.
,
& Scnbner and associates on Aug. 1 offered 40,000 shares
of common stock ;(par $1) at $18.75 per share.: Of the
China, had a total pi 968,221. telephones in service on June 30...,
,,
,
;
,i..
Henke & Pillot,
i
;
70,000
...
&LS
t.
,
^Mathews Conveypr^Co.-Stock Offered^lnger, Deane:i|
r»
The 6e<?phone6peratlng. rtbsidiaries W ««. T., &.;T,
ported on Aug. 7 an aggregate net-gain of 16,701 telephones in service
V
shares, "of
company
to general working
are being sold by. two stock-
the
by
,
and
preferred
the
common
556,
p.
share,
per
of
1
Partial Re-
.International Telephone & Telegraph Corp.—Large
Gain in Phones in First Half of 1946— — •
-
common stock ($2 par).
The preferred stock
priced at $101 per share plus dividends from Aug. 1
Net
•
'i
l
cumu-
shares of
and the
+•
t>
—
.
which
Aug. 15 publicly, offered 10,000 shares of 4%
.
.
International^ Rys. of Central America
^
2,172.045
..
was
'
of record Aug, 12. 1946.
The directors on Aug. 14 authorized the call for redemption for the
sinking fund on Nov. T,
1946, of $54,500 principal- 'amount of its
(par $100)
.
accrued dividend thereon from Sept. l to Oct. l. 1946,
amounting ;to 37V2 cents per share. /The regular quarterly dividend
demotion—
preferred stock
•
^
^
•
434,409
lative
,
*!
on this preferred stock, which in former years has been paid on Sept.
\f has been declared and will be paid on Aug. 23, 1946, to stockholders
plant
868,818
on
#
«
r>
5,701,670
(Walter E.) Heller
fv,
,Bhare. plus
currently
i_„
profit
t,
K
,
-
2,378,000
2fnHS
-
:i-V„
;
feet_jf
City
,v,
v. im, p.
company,
.
Mason
^
vi
;
,
.
•
:' w?
Masonite Corp.—Calls 4%% Preferred Stock—
.
last year and has
the
unit,
'
Pnrrhasp
RR
«
properties of the Portland & Rumfoid Falls RR. and the Portland
•& Rumfofd' Falls- Ry.
;The Commission granted Maine Central atithorization to assume direct obllgatioin and liability In respect of
$271,000 «f" 5 %'fllrat-mortgage, sinxing-lund bonds of the Portland &
.hurniord Falls Ry. in connection with the purchase of the properties
f ..
. comDanvl_v 1M. «
72q
5
-
,
i
..
,
fertilizer
demands-for
Central
°^tai"s f^om International's piant in Chicago Height;wmilvFunds due under-this redemption-plan will be available upon deposit
?
e"1®,rge^^ s^cture at Mason City will
®
of the stock with the Harris Trust & Savings Bank, Chicago, 111., any
fertilizer plant Tor the production of the finished product" for shipment
- ti
v
ifu
«9Q'
?V
t0 the-users.
It is expected to be in full operation early in 1947.
wme* v.-104, p. «29.
, \,s
V
?
t
2*360
1,084,735
Dividends
.
Maim»
it
*
• "
;
Ju*
The ICC on "July 30 .approved the purchase by the company of the
^Enlatges
capital shares outstdg.#
.
'
wUlaV«lo
tvill be.capable.«fvproducing its own superphosphate which *lt
U148
•
10*691
.xu.oax
income
(estd.)
Net
■
...
.
deductions"
ueaucuons .1,011
I"
"1571
Misc
,.
pvnnnriinff
.
increase, the
$9,719,298
_
^
-
.
.
.
rir.r,'
«
fl°,01 sPacev The .original Plant was constmc^ed
only been in operation since last spring.
«Q7ia9Qn
52-965<766 $10,384,725
oTn noi
$2,870'081
t:
....
_
.
sa,25>u
nf5
<t9 QftR 7ft«
j.
t;-i,
»
.
21,552-
--35,078
<
'To help meet the expanding demands^for tertuizer m .tne .Miume
west,--this .corporation is starting, construction of an acidu-atlng unit
and addition to Its Masoh City, Iowa, plant whfch will about triple its
-size when completed. Total .cost of * the project will approximate
$150,000, according to Louis Ware, President.
.
i «
■
.
-t
•
-
$3,785,648 $13,045,951 $13,011,762
841,434
-3,683,914 -3,396,922
$3,845,373
exps.
—
•
-
759,148
-
*-i ♦
^
I^lant-—
37,509,965
-749,037
42,153,818
;
.
,
^
,,
„ca
A._
?
making
-International Minerals & Chemicals Corp.
'
Prov. for depreciation..
.
fi
2.9,46 June 30,45 June29,46 June 30,45
4 *
for
facilities
operates
mately $1,750,000 from the sale of the preferred stock for expansion
- o
corrugated roofing, all types
of formed roofing products, conductor pipe, eavetrougxis and faoricated bu.lding materials.—V. 164, p. 557.
*_ ' « ,
Globe
,
purposes,
^
v
,
, .
»;».y
Stockholders unable to attend tire meeting on Aug. 28 were invited
-'to send proxies,:- actwo-thirds afiirmative vote being required for
j adoption cf the proposed amendment —V, 164, p. 282
:
">4 ; "
'
'
/--_
;
>
mines,
steam <ppwer*;and'"fof 'ga^ »producers.
.
.
,
(&
_
Net sales, royalties and
rtif'-i
,»,wi
»-
r.Tn"
o
•i-a
V
.v
,»
•*
»
coal
,
.
with a monthly capacity of
70,000 tons, are producing 55,000 tonsiOf which about 80% is sold
outs.de, the -balance going to the Newport- and iWnders plants lor
Hardy-Burlingham
The
Electric, hay bailers, .truck parts and .miscellaneous farm maequipment, for international Harvester.—V. 1G4, p, .683, k
chinery
,
50,coo snares ox convertible preferred stocK.
Mr. Cole-stated that, while Lytton's present working capital is ample
%'tor current .operations, it is the company's intention to obtain approxi-
<.
production include-bodies for-Willys-Overland
for Kaiser-Frazer cars,/.canteen cabinets for
in
doors
•;
.
i ^e -fclicon sheets, 85,000 for galvanized sheets op galvanneal, and the
balance jdloys orb nj.scellanpous other grades, ^
>Hayes' principal Reduction at-present-is fo'r-Ihttonatibnal Harvester,
Willys-Overland,, General Electric and"Kai6er-Prazer companies; -Mr.
said;.)/Items
in Wilders and Newport, opposite Cincinnati,
more than a million square feet of
plant bu.ldings on tracts
aggregating 160 acres: There are eleven miles of ra lroad trackage
wtJi seVen companynowhed locomotites. The operi hearth division has
a 413,100-net ton annual capacity. The rolling mills - have- an annual
eapacuty of 180,000 tons of hot-rolled sheets. Of this 60,000 tons may
,
,
>
MO.OCoW
J1 par value to 1,100,000 shares _»!
ie%, sliar®f without par value, and
1,000,000 shall be .cofhm».n shares, par value $1.
• /*? aietAe/t0,re^old ers,^ iliar dW.: fole.^ Executive ViceW^.d®n.t. and Cbneral Manager, explained that if the ■
t0 the Articles- of Incorporation is adopted it is in ®
; £*0,HP, 1£u und®rwriters will make a public offering or appr
a y
: I
a
The Andrews-plants
gradually improving," he said, "and our capacity will increase
become more plentiful.
Inventories are virtually hon'
.v..
I
/
/
The* stockholders -on *ug. 28 will vote *ri- increasing the authorized
•
have
materials
existent/'/
LHton% ^Or^lanS to Issue 50,000
JPreierred Shares—
C
riivi«inn
955
'■
Co., in Newport, Ky., employing more; thanJ2;000 persons; ;and the- V
'entire HardywBurUngh&m Mining Co.; which employs 350 in Perry
•
-
000,000 and that, the company is now operating at capactiy as dietated by present supply of materials.
4,The materials .situation, how-
•Clark
A„rfron,0'ot00i
tv,a
lleSoor?andIt?dlvlSon?
/
Atel/iAVylft tv"
jCOt-^-Hss- llS^OOjpOOj ^CklOg-r
C Rensselaer W. Clark. Presided 4old the stockholders «t Itheaximtal
-meeting,pnAug,8thatli:ayesrpresent .backlpgiii^uapproximateiy^lS.r
as
fl—J&L
0„0
1473.-;.
"iS^'t > iJi
jH&y CsManufacttiring;
ever, is
L^iori^/fenry
steel Co- was announced on Aug. 8. The purchase price was not
.
abandonment
permitting
'
>,i*
\ ;j
i
a- > c/, i -■
■/
J'. -1*.U »«f. !
.;i\
"J-
The
company
6 filed.
Aug.
on
a
Co.—V.
164,
1
controlled
a
'
t
.'
..
Hugh Bullock,
For
of brtck- and
of
available out of surplus $206,980 and hasoffered to buy in shares of its 4% preferred stock up to this amount
at a price not exceeding $105.33 1-3 a share.
.
j ' i..!..*
The $206,980 represents 3 % of the greatest number of shares issued
prior to Jan. 1, 1946, plus dividends thereon from Aug. 1 through
Aug. 31, plus a premium of 5% on the $100 par value of the shares.
In computing the maximum amount of preferred shares issued, there
Is excluded 32,592 shares issued but. reacquired and. retired or con¬
PURPOSE—The
by the number of
policy
which has
compahy^feasv^
followed
stockholders
new
wide
appeal
a A-"balanced'
;
since March; 1945, and, judging
since that time, this is a
added
to
conservative
investors—including
Institutions.
■On June 30,
changes,
reduced
were
assets
result
a
how
the
history
while
feet,
the distribution, Midland Realization will have
Utilities
Midland
Northern
of
Indiana
Midland
54,395
shares
- •
Realization
Public offerings
164, p. 355,
k~V.
$1,007,694
$0.72
$0.74
The
opened
said
company
applicant
in
Dec. 1,
on
that
much
a
the
increased
company
(excl.
the
losses)
the
number
of
shares
at cost
cash
held
BUSINESS—-Company
DC-6
164, p.
airplanes
Incorporation,
Cash
dividends
«'<.£*
which
the
Total
'1
.i, «'
income
Corporate
the
company
:
new
adjusted
new
for
to
each
old
common
give effect
common
stock
is
to
the
>
'
„
The
agreed to purchase
are
as
Dividend
-
Co.,
Inc..
—_
...
,
CONSOLIDATED
INCOME
5Mos. End.
'
~
"
'
sales
of
Sell.,
Operating
Other
gen.
$59,729
___
1944
1943
$1,764,321
$1,932,804
1,271,959
1,429,462
268,646
225,710
227,428
$292,942
$266,651
12,142
30
U.
in
S.
and
Government
Stocks
and
Investment
Corp.
in
$80,460
$278,793
30,499
$292,748
$66,585
$305,532
12,034
Income
34,835
22.210
income
inc.
taxes
Minority
•
.
deeducs—
charged..
interest
Net income
;
: V
194,774
Cr 14
26
Deferred
„
$32,355
.
$75,895
310
'
in
portfolio—at
interest
and
receivable
to
JUNE
Total
^
16,834
480,114^
34,028
LIABILITIES—
Accounts
Reserve
included
"
,
payable
for
and
12:
$5,850,000
of
note
$68,163
$72,613
repayment program totaling $30,914,-
$23,134,800 of Reconstruction Finance Corp. notes,
®1'929.629 of Railroad Credit Corp. notes, July 9
notes
of
paid
and
secured banks (J. P. Morgan &
Co., Inc., and
associates) on Aug. ,1.
The International Great Northern RR., an
affiliate, repaid notes on July 9 of $395,228.
v A
'
:
Principal collateral which secured the RFC notes included
$32,250,000
Missouri Pacific first and
refunding 5s, series I; $11,475,000 par com,
from
5^452,621
cost
J
5,000
profit
surplus
directors
the
on
have
declared
outstanding
that
■
Earned
On
of
Aug.
■
: 'a
j
initial
an
dividend
stock, payable
163, p. 3141. **
of
10
Oct.
common
cents
15,
per
1946
U»
Research
»
Corp.—Dividends—
Aug. 30 the following funds sell ex-distrihu-
on
Stock
Apr. 26
June 15
$0.12
$0.08
$0.07
.12
.12
.06
series
1946:
From
series
v
'
,
• •,!>
;
series-.-
uau
.
/
From
Invest.
"
..
-j.-'O.;,':;;. )c
Preferred Stock
Capital
-i—$.108
——
'
$,16.'b>
$.052
,100 *
.050
.021
I
-
Total
Gains *
Income
1
Groups series
See V.
For
.029
>
.15
.05 '•
*
164, p. 559.
the
production
of 12,707,824 kwh. for the corresponding week a
'■' ■'■f-i:.
' \
/
^
^
for the Aug. 9 week is reported at 112,620,000 cu. ft.,
an increase of 8,380,000 cu. ft., or 8.66%
above production of 103.640,000 cu. ft., in the corresponding week a year ago.—V. 164, p. 830.
Association
reports number of kilowatt hours
available for the
ended
the
for
Aug. 10, 1946, as 62,545,823, compared with 62,082,819
week ended Aug. 11, 1945, an Increase of 0.75%.
comparable figure for the week ended Aug. 3, 1946 was 64,-
240,079 an Increase of 3.52%
over the corresponding
week last year.—
111,618
V.
243,127
1,254,963
$8,749,052
164,
p.
830.
Newmarket
2,386,373
4,139,368
243,127
2,021,136
surplus
.
New England Power Association—Weekly Output—
The
$5,578
2,386,373
•
»
Aug. 9, the Association reports electric output
This is ah increase of 1,445,009 kwh., or 11.37%
ago.
Gas output
128,193
4,139,368
4^139^368
—
;
Electric Association—Output—
ended
year
The
$4,545
week
14,152,833 kwh.
above
$7,782,969
329,137
___
*$58,094
the following distributions will be paid to shareholders
15,
record, July 31,
.'
cj
,
——
$29,013
Mar. 15
1,500
$8,749,052
at cost
-
'
series
Industrial Stocks
22,583
991
111,618
par)
-•
•$54,794
3,300
follows:
as
are
Income
In
50,000
28,800 /
:
($5
"
;
•
$29,013
:
26,632
$138,209
$9,400
/
•
25,846 (
:.
Distributions previously made this year per share on aforementioned
6,089,386
—
' '
$190,688'/
$14,400
income—
♦$61,707
6,913
,
The
funds
1,100,092
payable
stock
Cellulose
made in
our
Mfg. Co.—Stock Offered—Mention was
issue of Aug. 12 of the offering by an un-
derwrting group headed by Lee Higginson Corp. on
Aug 8 of 85,000 shares of common stock (par $2.50) at
$15.75 a share. The issue was oversubscribed. Further
$7,782,969
,-
Corp.—-Stock
Offered—Floyd
Aiig. 15 offered 200,000 shares
Cerf Co., Inc., Chicago on
of common
stock (par $1) at $6 per share.
With each
shares, the purchaser will also receive one warrant
giving the right to purchase an additional share of
10
stock
at
$7
per
share
any
within
time
details follow:
Transfer
Old Coioqy .Trust. Co., Boston.
agent,
Registrar, Second
AND
March
28,
BUSINESS—Corporation was Incorporated in New
Principal manufacturing plant Is located at
1927.
Baldwinsville, N. Y.
Company
facture
own
"
;
high
These products are sold under the company's
Company also manufactures for numerous depart¬
drug chains under their private brand names.
>
names.
and
•
company's present production approximately 75% is facial
toweling and 10% sanitary napkins.
Company's daily
production is approximately 24,000 boxes of facial
tissues, 7,000 pounds
of rolls of toweling and
65,000 sanitary napkins.
The company had no war
contracts or subcontracts and is engaged
solely in production for civilian purposes.
The company is not subject
to renegotiation and has no reconversion
problems.
15%
.
The
will
an
company proposes to construct and
have a production of 30 tons of
paper
option
»
T"
on
approximately 74
Proposes
to
acres
construct
plant which will consist of
one
of
thereon
story.
equip
pe«
land
This
a
a
new
day.
located
.
plant
which
It has obtained
Baldwinsville,
In
modern
plant
..
will
manufacturing
be constructed
(estimated
,
Authorized
an
with
Outstanding;
225,000 shs.
(par $2.50).
In connection
authorized
225,000 sha.
offering in August.
the
amendment
of
its
articles
of
1946,
the stockholder#
organization
so
as
to
from $100 per share to
authorized shares from
3,500 to 225,000 and authorized the issue of 39 shares of common,
stock (par $2.50 per share) to each holder of one share of the then
outstanding shares of common stock (par $100) so that such holders
will hold in the aggregate 140,000 shares.
the
par
value
of
its
common
stock
$2.50 per share and to increase the number of
the
tissues,
proceeds
.CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
reduce
organized for the purpose of and continues to manu¬
quality facial - tissues,
sanitary napkins, toweling and
was
tissue toilet paper.
brand
In
at $1,184,750) will be applied
to the prepayment in full of the company's $1,063,031 first mortgage
note payable to Commercial Factors Corp.
The balance of such net
proceeds, estimated at $110,793, is to be added to the company'*
general corporate and funds applied to any corporate purpose.
PURPOSE—Net
Common stock
HISTORY
York
.
five
years.
.
^
Income.—
40,000
amounts shown are estimates of such distributions payable
on'Sept. 16:
On Income series, 10 cents per share, and on Industrial
Stocks series, 6 cents per share.
•
J
^
-
1945
2,457,738
accruals
taxes
Paid-in
.
37
to the Securities and Exchange Commission
a
—-
National Securities &
Research
:
-
•'■
$519,406
—
Treasury stock (30,800 shares)
186,068
16
RR.—Completes Note Repayment—
♦uCi)IPPuny consummated
has reP°rted
it has
that
It
*$10,986
-
holders of record Sept. 30.—V.
30
50,000
—
83,45&
97,856i
$106,192
84,495
of
$758,901
cost
expense
739,542
111,618
—
aver,
Aviation
at
1944
$859,147
842,298
$14,400
$1,254,963
.
cost
f
1945
$986,520.
680,649
"
•
admin.
profit
124,518
$2,021,136
owned)
charges
ment stores
Missouri pacific
66,787
85,666
share
2,^06
183,970
SHEET
1946
$955,907
69,541
$1,491,100
profits-
BALANCE
EARNINGS
88,899 "
Selected
hand
on
%
;
OF
Initial Dividend—
477,927
'
.
a
;
80,166
week
facial
—'
—V. 164. p. 10.
676,882
:__
—
at
have
they
v
.
shares held by each stock¬
being issued to David Manten.
their request.
Company, has
both indicated their ,intention
are
April 1946
$96,564"
and
The
$133,791
&£--
items
M.
security
and
goods sold
♦Loss.
•876,975
$2,316,725
National
(75%
Dividends
.
Total
Other
the
number of
~
11,649
1,559,072
securities—'at
bonds
common
12,590
of
.
7,618
25,688
1946
banks
$275,914
6,855
public >
being
National Bank of Boston.
1945
'
of
Total
$171,130
111,618
at June
National
1,392,329
105,340
profit
income
the
to
are
7,758
On
surplus
on
the
warrants
4,489
STATEMENT '
and
exp.
common
purchasers
,
,
underwriters
Prov. for Fed. inc. taxes-
$166,641
"$122,770
$122,770
tax
the
sales
Deducts,
1945
13,344
inc.
and
stockholders
two
Net
NOTE—Market value of stocks, and bonds In portfolio at June 30/
1946/ $8,784,075; andl at Junet 30, 1945, ;$10,227,891^-V. ,162, p.; 676.
.
$1,953,917
576,389
ship.,
adm.
68',438
the
to
warrants
exps._
purchase.
$113,300
ASSETS—
Cash
-—-—Years Ended Dec. 31-
May 31,'46
L—$741,459
Net sales
.Cost
to
5* m 9,470
—
Total—.
ag439
.
Co.-w—...
sold
company
the
Other income-;*
'
(net)—
the 80,000
New England Gas &
No. of Shs.
Bond
&
the
charge
of
exp.—
payable,
1946
follows:
,
Bankers
Cruttenden
v""
•i'j'x
-
COMPARATIVE
sale
number
of
further
50,000
proportion to
It is announced
payable.
Balance
Outstanding
231,200 shs.
the
par)
York,
•
surplus
Capital
Authorized
has
contracted
"
.
expense
earned
Dividend
$3400,000 shs.
"UNDERWRITERS—The names, of the underwriters and
each
and
($1
Gen.
1946, $7,New
$50,299;
expenses
Total earned
'
(par
which
30,
of
28,965
—
Estimated Federal
held.
issuance
follows:
as
has
'
years'
stock,
capitalization
oL 32,000 shares of
on
company's new
-—Years Ended March 31—►
Offered-r-rLehman
;
K
the
All of
Manton
the
to
"*
Profit'from sales of securities
Net adjustment prior
capital stock was changed from
(par $10) to 400,000 shares (par $1). There¬
shares of
The
of shares
Co.
ordinary income
corporation's
common
the
stock
without
offered.
exercise this right.
Net
,
Net
Previous
Incorporated
was
of
common
now
$55,445
" 64,383
Corp.—Earnings-^
June"30—
~
Net
Stock
-—
offered
——i_'__
v
Management
Registrar-^
Ky,
outstanding
Sines
March 31, 1946,
preferred stock and
March 31, have been ex¬
;
the
and
Selling and ship,
Trust
purchased,
——
Interest income
164, p. 729.
the corporation issued to the holders of its
outstanding 24,900
shares of old common stock, 199,200 shares of new common
•
Guaranty
securities
upon
Capital stock
48,462
283.f/':'V ' ^
National Aviation
■/CAPITALIZATION—On June 6, 1946, by amendment to Its articles
basis of eight
$51,906
(market value at June
by
associates
6 Months Ended
In Kentucky
April 2, 1921. Business presently being conducted was commenced in
1872
by M. J. Murphy, in Detroit, Mich., under name of M.
J.
Murphy Co.,
a
proprietorship.
This business
was
incorporated
in
Michigan, in 1884, under name M. J. Murphy Co., and by amendment
was changed
to the Murphy Chair Co. in 1901.
In 1921, the Michigan
corporation was dissolved and the Kentucky corporation formed to
own and hold Its
property, and'assume, its liabilities,.
Since 1878, company and its predecessors have been
engaged in the
manufacture
and
sale
of
office, household and institutional chairs.
Corporation makes pull up and occasional chairs, desk slip seat chairs
and dining room
slip seat chairs for the home and wood eat chairs,
stenographer chairs and upholstered, chairs for the office.
on
only
to surplus from, sales ot investments.
Kentucky Trust Co., Louisville, ,Ky.
30,000 shares of
$69,284
13,839
tion.
136,877 shares of common stock (par $1) at $5.25 per
share.
Of the shares offered 104,877 are being sold on
"behalf of, selling stockholders.
Louisville,
outstanding.
SUMMARY
$97,808
Airlines, 1 Iiic,
and
new
Murphy Chair Co.—Stock Offer6d-^rCrUttenden & Co.
and The Bankers Bond Co., Inc., on Aug. 2 offered
Agent—Louisville- :Trust 'Co.,
and
recapitalized
and
shares
..
*210,848
National
—V.
the
that
of
delivered
stock
share in
Proceeds from the, sale of the stock will" be applied toward the pur¬
chase of new airplanes costing at least $3,830,000.
These will include
a
new Douglas
DC-4 airplane purchased for delivery in October and
interim.
so
200,000
shares
10
being
Martin
public Aug. 15
a new issue of
150,000 shares of common stock ($1 par)
at $25.50 per share.
Issue has been oversubscribed.
v':-
Of
13,767
—
$6,211,650;
Brothers
•>
present capital structure of the
position than
was ''contemplated
In
the $2Q's or $30's.'%^Vl
been
,
$5,122;
accounts payable and
accrued
expenses,
$2,918; capital stock
(par $1), $467,996; capital surplus,
$5,535,991; earned surplus, $571,329; total, $6,633,654.—V. 163, p. 1868.
- •
•
&
235
10,155
$65,673
.•>
security profits
which $99,662 charged
vt
HISTORY
2,584
of
31,121
LIABILITIES—Payable for
for capital
stock, purchased,
the
stronger
1939, It is desirable to increase
placet price per share will be in
.Transfer
4,143
'
and it has sold above
1913 at about $37
"with
in
issued
were
issued
sold4»
underwriter, Floyd D. Cerf Co. Inc., at a price of 1 cent per
warrant share, of which amount the underwriter
proposes to distribute
20,000 warrants to dealers participating .in the distribution ol this
issue at the underwriter's cost.
,
t
'.,v
In addition thereto, the company's present stockholders are
givta
the right
to purchase 30,000 of warrants at 1 cent per warrant
trustee, $374,442; dividends receivable and interest accrued, $36,134;
.receivable fat. .subscriptions tor capital stocky $11,428^. total,-$6,633^654.
application said that the reorganization manager of the old
company, the Minneapolis & St. Louis RR. Co., estimated in
1939
that the market Value of the common stock would be abbut $12 if
150,000 shares were issued. The reorganization took longer than ex¬
stock
each
are
BALANCE SHEET, JUNE 30, 1946
..The
The
sales
1944
$117,475
ASSETS—Investments,
/ The company has applied to the Interstate' idommerce Commission
for authority to issue 450,000 shares of common stock so it can split
present shares on a four-for-one basis.
of
the authorized capital stock of the company
preferred stock and 31,531 shares of
of which 3,112 preferred shares and 29,423
(no par)
par),
has
stock,
common
Cost
.
earnings
1346,
PURCHASE WARRANTS—Company has authorized the issue
of stock
purchase warrants for common stock, entitling the holders
thereof to purchase at $7 per share for a
period of five years front
July 1, 1946, an aggregate of 100,000 shares of the common stock.
Up to 20,000 of the warrants (on the basis of one warrant share for
'
the
400,OOu sns.
SlbCK
$66,465
3,573
income
♦Of
378,581
164, p. B29.
and
from
Dividends—
$1,894,391
$1.38
,
"
Stock.
*
1945
19,667
and
"£ubs.)<~>
Minneapolis & St. Louis Ry.~Plans Split-Up---
pected
proceeds
—
075,737),
$1,630,666
$1.18
Outstanding
500,000 sns.
—__
shares
(no
company
changed for
which
to
Net
Following
1946—6 M©s.-r-1945
$977,707
to
$51,375
$82,782"'
Expenses
' j
.1946^-3 Mos.—1945
Period End. June 30—•:
Net profit-after taxes—
Earns,
per
corn,
share
matter
a
shares
the
common
holder.
1% shares
total
Regulator<jo.
,
4!
will
is
ACCOUNT, SIX MONTHS ENDED JUNE 30
dividends
Interest
remaining 177,262 shares
Indiana.
These will
common.
Minneapolis-Honeywell
Earnings—
f
cash
Total
at competitive bidding along with 146,924 shares of
which Middle West Corp. will receive on its holding
ehares of Northern; Indiana.7-V.
This
stock
common
value per share was $15.90 on June 30, 1946, as com¬
1943 and. $14.97 a year earlier.
asset
oh Aug. ;12 .approved
Northern
of
common
giving; full consideration,
securities
share of capital stock of Midland Utilities and a dividend of
of Northern Indiana for each share of Midland Realization,
and
laws.
tax
also
1946
of
be offered for sale
may
par).
100,000
consisted of 4,509
policy, they also raise the question of
participate most^ advantageously in such
under current
INCOME
Net
-
of
investment
are
($1
the
reorganization for the Midland Utilities Co. and Midland
Realization Co.
The approval makes effective partial liquidating divi¬
dends of 1 4/10 shares of common stock of Northern Indiana for each
plan
of
officers
Income—Cash
Midland Utilities C<r.—Plan Approved—
The Federal Court for the District of Delaware
.
the
45.38%
pared with $15.26 at the end of
3'*
f-f
to
stock
As of March 31,
timber holdings are also extensive, he stated.—
J*|;r
■y. 164, p. 829;' " /
1945,
,'
-j
purchase 100,000 shares of company's common, stock at $7 feer
ehare for a period of five years from
July 1, 1946.
.
The net
departments and operations of this branch, including logging
«nd towing, will be under Mr. Prescott's direction, Mr.. Hornle: said.
The hardwood plywood mill in this plant has an annual capacity of
'.'•'All
20,000,000
31,
f::F'
"/
♦To
market
hardwood plywood industry."
the Southern
of
Dec.
en
stocks
"Total net assets of company on,June
30, 1946, with securities at
quotations, amounted to $7,439,403.
These assets were ap¬
plicable to 467,995 7/10 shares then outstanding.
These figures com¬
pare with total assets of $5,094,775, applicable to 333,642 9/10 shares
on Dec. 31,
1945.
Appointment of James C. Prescott as branch manager, of the com¬
pany's Elizabeth City North Carolina, plant was announced on Aug. 14
by I. Horine, Vice President in charge of production and research.
This
company
recently acquired
this plant from the ForemanDerrickson Veneer Co. in a transaction then called the "largest of its
the
assets
Common
operations
stockholders
profits
directors and
(The) Mengel Co.—Appoints Branch Manager—
in
of
assets.
,'r
<
♦Warrants
1946.
of
the determination
realized
kind
50.19%
the company's
labor.
Authorized
Common
categories of securities
same
during the first half of 1946 company
realized net profits arising from the sale of
portfolio securities amount¬
ing to $340,083.
Unrealized
appreciation
on
June
30,
1946,
was
$864,087.
In addition to the influence which such figures exert on
/^hen payment will be ma.de for such shares purchased.—V. 164, p. 829.
•
from
June 30,
on
As
these
of
-
1946, bonds and'preferred stocks, as a result: of these
approximately 50% of the company's assets at
ago
($1,020,000) -will be applied
proceeds
CAPITALIZATION," GIVING jfcFFECT TO, PRESENT piNANCHfCl
represented
market quotations.
Six months
accounted for less than 45% of
.
net
estimated' cost
an
■
ment
During the first half of 1946 the management has made substantial
revisions in the company's portfolio.
1945.
^
^
a portion of the 58,842 shares presently out¬
standing the company called stockholders' attention to the conversion
right of" the preferred stock.
Holders are entitled to convert each
share of preferred into 2'/a shares of common stock.
Offers to sell preferred must be submitted to the Irving Trust Co.,
One Wall St., New York, N. Y., on or before Aug. 20.
Certificates &
representing
shares purchased
must be surrendered in acceptable
negotiable form to the Irving Trust Co. not later than Aug. 31, 1946
10V;
(a) .Payment.to, the N. C. C. Sales. Corp. and the. Unit
5.
>
V" Match Co."of loans secured by mortgages upon the
;< company's plant and .equipment.
Company is pres- ~ 1
ently indebted to , them in the sum of $61,000, which v
*
?~
is payable at the rate of
$1,000 per month-$61,00(1
(b) Estimated cost of plant and equipment
751,620
(c) The remainder will be used for working capital, the
■
Requisition of additional inventory and the pay¬
President, states:
This policy has been
estimated
follows:
as
^
verted prior to May 1,
:r : In its ofler to buy in
'Stfeeirconcrete block and glass block; at
$250,000, plus the cost of the land of $9,500.
of
Texas & -Mexico Ry.
7»;V/i'..'."* k''"'"r
more. thart :one; year
fund."
The corporation has made
5«
Monday, • August 19,1946
829,
p.
''"/T.5.
New Orleans,
company,
Nation-Wide .Securities Ce., Jpc.—Quarterly Report-
Prefrred
Melville Shoe Corp.—Offers to Acquire 4%
assignment
.$9,955,227
advances to
Stock—
-
*»?,>
wl-
.
Great
letter of notification/with the SEC
for 1,954 shares (no. par) common, stated value $100 a share.
Offering
price, $100 a share.. Proceeds will be used for<purchase of real estate
and development*- of. such.
Issue not underwritten.
:
■
■.
'■'
i'".'/:./ A',
.' A
'"'ft;
'•
.-.•s.'i{■> V.S;
stock of the Texas & Pacific
Ry. Co.; $7,498,900 par International
Northern Railroad Co. capital stock;
mon
SEC—
Mattoon (111.) Development Corp.—Files With
r-;
•
THE COMMERCIAL & FINANCIAL CHRONICLE
956
HISTORY
setts
of
Nov.
the
cessor
in
a
name
;•
1823.
The
over
cf
of
BUSINESS—Company was organized in Massachu¬
1944, as a successor to a Massachusetts corporation,
organized in 1910, which, in turn, was the suc¬
New Hampshire corporation of the same name organized
AND
7,
same
20
a
.
W;::
.f.
and the predecessor company have for a period of
been engaged principally in the manufacture and sale
variety of fabrcs made fi'om synthetc contnuous flament
company
years
wide
yarns.
The manufacturing operations since 1929 have been conducted
two mills located at Lowell, Mass./In 1943, the pre¬
company
leased certain looms with supplementary machin¬
equipment to Pioneer Manufacturing Co. (N. H.) then wholly
principally in
decessor
ery and
1
Volume 164
/
957
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4517
owned-by ihe^piedecessorj company, which manufactured -iabrlcs: with.- / year ago, whereas total production' of' bituminous coal in the tlflited'
States dropped 21%.
West Kentucky's June output was 13% above
such looms solely for the predecessor company at
a plant located /;
■June, 1945Y '^ v-w /v -■ % v/ m"-' - ■>;.,/";
;■ J
in' Newmarket, N.
H.
Pioneer Manufacturing Co. "became, on Noy.
/ ///
•CONSOLIDATED INCOME . STATEMENT,..
/
13, 1944, a wholly
owned subsidiary of the company, and similar
/ Period End. June 39— 4946—5 Mos.—1945 I
lease covering the looms with supplementary machinery and equip¬
1946—12 Mos.—1945 v
ment was entered into between the two companies.
Y''/;'..
V :Y"::Y:i:~~ • £
At present such
.• : 'Y/'■;'■/ g
Y.-Vi.'t-:"-'$
subsidiary is manufacturing fabrics on 209 looms exclusively for the
Total Oper* revenues-—-. 40,927,979
43,992,432 472,196,525 175,282,350
company.
The fabrics produced at all plants are woven principally
Operating expenses
17,426,606
18,254,315
74,453,385
74,131,502
from continuous filament acetate rayon yarns and continuous filament
Maintenance
:
3,204,107
3,185,196
13,717,936 12,634,131
viscose rayon yarns.
The fabrics consist of satins, taffetas, crepes,
Taxes, other .than inc.
1
"
*
»<
twills, serges and jacquards. for use chiefly as materials for negligees,
taxes
—./'•3;783,8l1/ 3,895,796 15,321,740 14,898,678,
underwear, women's and children's dresses and blouses, linings for
Prov: for income taxes; V :
/'.:'• /' /./.
/v"'
men's antl women's suits and coats, blanket bindings and other cutFederal and; State in-.
"/"//.. "// T/"/"'",/
i, /-.'//
•/" r
'
hew'stock "wilf 'accrue
stockholders
.
held
the
manufacturers
to
of
sold
was
and
men's
coats
women's
suits
and
for
use
justments
Portion
of
of
of
shares
stock
common
of
be
to
and
underwriters
the
purchased
are
Richard W. Clarke Corp—
29,500
Shields & Co.___
6.000
5,000
4,000
&
Co
4.000
to
Period—
Gross
less discounts,
sales,
etc
.
2,200,036
1,164,030
10,132,057
4,603,725
.
28,760,542.
for
Earns,
divs.—
per
$0.57
com.
19,193,002
3,543,805
$2.24
$0.41
STATEMENT
Total
(COMPANY
5,723,188
Interest
Net
loan
Net
Interest
Divs.
20,871
profit from sales
Deductions
Federal
12,562
,
income
Gross
::
income
28,005
and
175,174
•
678,893
income
11,217
62,000
of
disct.
and exp.
on
for divs.
and
debs—
on
$175,788
$22,796
Drydock
•
interest
and
repairs
Ship
'
•
V.
sold
J
'
;
lot matured debenture In¬
but
not
delivered,
$93,521;
receivable, $8,481;
securities owned
market value (securities valued' at $913,-
quoted
-
162,• p/2021.// : / v/y//
Pacific
Outpufe
The
'
1946—Month—1945
to
1946—6 Mos.—1945
—
$5,875,855
,4,633,018
,698,712
income-
$514,125
Net
Net
$8,028,000 $29,024,000 $17,015,000 $53,814,000
oper.
income——
—V.
558,023
499,954
*-
3,941,155
stock,
•
..
thus
reducing
transaction
canceled
and reduced
The retirement
$270,239
share
a
.
number
the
''V'-mY"'''
f
of
shares of dts
5,484
outstanding
shares ltd
''/
•: ':
accumulated
future
amounting
by $35,646
dividends
dividend
annual
unpaid
accruals
Pacific Telephone
&
Telegraph" Co^Increases ..Comr
;»iori :Sto^^igl^s td
Under formal proxy assent/the
—26 Weeks Ended—
June 25/45
Consolidated- -Buys
year.
of
the 5,484 preferred shares, reduced the
capital $744,453, with the difference of $196,053, between the
purchase,price of $548,400 and the stated capital reduction, being
added to capital surpluSi~rV. 163, P. 2898Y /
a : *
• a
$590,044v $4i033il65 i;$3/?12,607
revenues—
expenses—
Co.,
stated
$5,158,950 $34,556,040 $30,454,343
3,348,049
25,741,773
19,595,965
1,220,857
4,781,102
7,145,771
Operating
v
a
.
$5,164,420 $34,602,627 $30,491,878
;
5,470
46,587
37:535
rev-
§exnent
company/has purchased' at^ $100
preferred
,
.
Portland
Stock—
$5,886,078
10,223
oper.
Operating taxes
;
con-
securities
dividends
and
at
SHEET/JUNE 30, 1946
$3,525' oh deposit;
for
$23,306
(incl. $3,525 matured debenture interest), $11,527;
accrued Federal
on
income, $1;494; accrued interest on 5% debentures, $9,0751
contingent reserve for directors' compensation for 1S46, $55,098; 5%
gold debentures, due Nov. 1, 1947, $378,000; 5% go.d debentures, dub
April 1, 1948, $474,000; capital stock (par $1), $141,151; paid-in sur¬
plus, $3,386,870; profit and loss deficit, $230,779; total, $4,472,092,^*
$14,055,505 $11,527,553 $11,174,909
$1.64
$1.34
$1.30
*
share—
revenues—-
Operating
June 24/46 June 25/45 June 24/46
ship construction—
.New
BALANCE
due
$150,428
105,863
taxes
Co.—Oper¬
/
—13 Weeks Ended
$441,739
5,98^
j*
,
7,202
——
Northwestern Bell Telephone Co.—Earnings.
STATEMENT OF RECORDED COST OF WORK PERFORMED
;
$633,625
176,439
176,313
have; beeppledged as collateral to loans payable), • $4,340,946;;
prepaid*expenses, $1,818; to|;al, $4,472,092/
:
/ • - -•:) '
LIABJIJlTpiS—rCollateral loans payable (quoted market Value bt
securities pledged, $913,588), $156,000; due for securities
bought btit
not received, $89,656; sundry accounts
payab.e and accrued expert'Sfes
$15,617,484 $15,348,802 $14,996,158
1,561,979
3,821,249
3,821,249
surplus.
Period End. June 30—
&
$1^,320
Dr38,412
_•
$2,999,164)
3lL3l3.'
Uncollectible
Shipbuilding
463,298
Dr55,098
period-
$27,326;
(cost
514,716
pfd. stock of company*.
Operating
Newport News
674,018
accrued
3,000
-V. 164, p. 831.
ations—
$9,114
$16,853 "
,
587
output of this company for the week ended Aug. .10, 1946,
totaled 48,274,000 kwh.,
as
compared with 44,790,000 kwh. for the
corresponding week last year, an increase of 7.8%.—'V, 164, p. 831.
28,000
$386,409
16,251
21,300
jDr35,000 /
ASSETS—Cash'; (iiicl.
Electric
70,332
240,000
—
$14,706
oper.
tax-
inc.
>
The
Net
17,604
21,300
21,300
from' sales of
securities
986,767
526,000
130,582
372,850
148,819
546,720
*
Northern States Power Co,. (Del.)—Weekly
432,000
surtax
from
Fed.
Dividends
1,007,227
689,000
633,000
,
notes
Balance, surplus
$99,013
profits tax
excess
Federal normal tax
profit
for
/£
debentures——_
on
Earnings per common
2,079
$706,120
4,42$
$54,87$
$96,933
32,139
v
$654,414
i
from
$673,981
$641,851
income
4
$48,019
23,073
21,300
(tectors' compensation.
—V. 164, p. 560.
Other
'$61,226/
19,839
,
•
.
$50,450
$46,093
1,926
2,333
Contingent prov. for di-
14,926,937
$1.74
ONLY)
1,085,979
-
bank
on
i-.v
1943,1
.
$966,201
848,397
187,494
debentures-
on
Net profit
$18,190,530 $17,740,568 $17,534,275
—
—
Other taxes
market
on
'1944
'
$58,893
$55,844 >
/
Interest
1945
$55,558
'.
Expenses
1945
1944
$18,116,420 $17,654,685 $17,366,056
74,110
85,883
168,219
1946
income
Expenses
Federal income taxes
/
/I—/
terest),
to
$6,584,663
''
286 /
Total
.
.-'Y"-"
.-y ■•,
,1,434,006 < / 1,179,607
145,833
750,000
520,833
4,893,998
share-
com.
1946, based
,
Interest
6,045,828
34,806,370
9,647,590
4,710,15.4
••'comiiahy^^^-^ii^>,"'V.-:^^Jf«/-95b,3l2^'^l,6dl,9V9': ,3,821,249
Bal.
.
ACCOUNT, SIX MONTHS ENDED JUNE 30
from oper.—Divs.-.
Prov.
Balance
97,397
INCOME
„
'
'
.
Interest
2,500
3,275,393
assets of the company as of June 30,
/,
•,
,
286,589
187,500/
-
4.885,140
37,674,769
Income—Dividends
3,000
2,000
$4,014,641
sales
Selling, gen. & adm. expenses
1
v
Inc.
Nov. 13-
to
'
;
Net profit for
June 1, *46 Dec. 29, '45 Dec. 30, '44
cost of
Total
r
Balance, surplus—„*_.i
4,893,998
4,499,117
20,754,981
18,748,186
Divs. fon pfd,-stock of ,/'. //»/, V.
Y \\'*»,/?,/•
Amort,
Dec. 31, *44
32,789,629
1,480,385
12 Months Ended June 30—
SUMMARY OP EARNINGS
Dec. 30, '45
6,815,220
-
{ 8,295,605
414,041
——
Other deductions
3,000
3.000
Perrin, West & Winslow,
Inc.
Scott, Horner & Mason, Inc.
George D. B. Bonbright &
Co.
6.000
F. S. Moseley & Co
Herman
Henry
17,000
Hayden, Stone & Co.:
Sulzbacher, Granger & Co.
Skall, Joseph, Miller & Co.
Whiting, Weeks & Stubbs—
df subsidiaries-
INCOME
Shares
Shares
Higginson Corp
,,
—
No. of
No. of
Lee
Net oper, revenues—- ./ 9,031,649
Non-oper. revenues
1,019,617
Gross income
10,051,266
Net interest charges—
3,405,096
Pfd. divs. of Subsids.—
1,150,631
Miri. ints. in pet income, - rv-
follows:
as
p.' 560,
164,
1946
L
shares
v-
1,981,342
*
as
each' &
before deducting
the outstanding debentures,, amounted
$4,149,242, equivalent to $4,870 per $1,000 of debentures, as com*
pared with $4,410 on Dec, 31, 1945, and with $4,188 on June 30, 1945.
After deducting the outstanding debentures at par, the net assets per
share of outstanding capital stock were equivalent to $23.36 as com?1
pared with $20.58 on/Dec; ?!, 1945, and with $19.24 on June 36,. 1945".
2,154,780
4,264,147. .17,675,038, 17,483,028
4,182,759.
res.
August 12.—V.
The net
2,780,200
•
present common
to
/.-v >/•
•'
prop,
number
the
1,503,700
760,700 *
sale
on
^
for
quotations,
9,68tf,295
:
Crl42,000
—
loss
Approp. for deprec.
.
names
of
// 943,320'
3,616,000
equiv. to re- ?'Y/y.YY. ' -'.//
suiting inc. tax reduc.
/V 46,000
linings, to concerns which cut broad fabrics into ribbons and blanket /
bindings, to manufacturers of hat linings and underwear, and to a
minor degree to miscellaneous trades.
The fabrics that are currently ;Y
being sold in the converted state are approximately 41% of the com¬
pany's total estimated production for the third quarter of the calen¬
dar year 194G.
It is the present intention of the company that it
will not vary materially in the near future the percentage of its total
production now being sold in the converted state and that it will
continue to sell a portion of its total production in 4he converted
state only so long as the current shortage of finished fabrics exists
and that upon the
return of a normal cloth market, it will sell
substantially all its production in the greige or unfinished state.
UNDERWRITERS—The
"r—---
/
y
,
Approp. for postwar ad-
13,810,435; 12,759,194
3,155,058
:
taxes
in the greige or unfinished state,
•except that during the years 1942 to 1945, inclusive, certain fabrics
which were manufactured lor use in the war effort,
were
sold in
the converted state.
Since Jan.
1, 1946, the company has soltj a
certain percentage of its production, dyed in plain colors or printed
and finished in approximately 16 independent commercial dyeing and
finishing plants, no one of which processed more than 10% of the ;
company's total production.
The fabrics so dyed or printed and
linished are sold by the company to the cutting-up trades, principally
predecessor company
3,441,041
profits
excess
shares
Overseas Securities Co,, .Inc.—Quarterly Report—■
.
taxes
Come
additional
2
? ;
& Co^/and
Kalman & Co., Inc., will purchase- the preferred stock not' taken by
exchanging stockholders/ and also the unsubscribed common stock, at'
the above prices.
This group was designated by' the., company i as the
high bidder in competitive1 bidding for the preferred and commpn
'
Federal
of
Both-offers will expire at noon on August 26, 1946, <
Y A group of investment bankers headed by Glore, Forgan
—
<
fatio
the
in
held.
-
edge rlbbons. jcasket linings,/draperies and other house furnishings. , <
"Prior to 1946, substantially all the production of the company and
"from'September 1/1946? All unexchanged old
preferred stock will be. redeemed October J,. 1946/
The company is offering the common stock to its
;:to/Stockholders-^^
^
-
company has amended its articles
incorporation to provide for an increase in the authorized common
stock to 4,000,000 shares from
2,461,250.
Preferred stock remains at
820,000 shares. "- - ', *> ■ V .
The company proposes offering Subscription rights to its common
and preferred stockholders for 28,125 shares of the newly authorized
V
•
of
3,430,868
164, p. 12.
,
versions
1,502,000
—
turbines
Hydraulic
accessories
and
(
518,000
Totals
164,
2,612,000
1.644,000
.j.y.v
.
work
—V.
942,000
and
other
r.
.
..
1,292,000
1,623,000
2.003,000
$10,048,000 $31,258,000 $21,250,000 $57,461,000
730.
p.
Northwestern Terra'Cotta Corp., Chicago—Files
•
sec—
■
With
stock, Jn; connection
common
■.
tures.
The
company on Aug. 7 filed a letter of notification j with the SEC
19,000 shares of common.
Offering price, $4.50 a share.
Proceeds
will be used for plant improvements and additional working capital.
with the ^ sale of $75,000,000 in deben¬
operation will increase the common stock outstanding to
shares.
The terms of the subscription of.ering are to be
The
2,789,375
for
set
by the directors.—V.' 164,, p. 560;
,
Pa^ American
Noma Electric Corp.—Sales Exceed
Sales
corporation
this
of
and
its
Expectations—
subsidiaries
during
July
Aug.
on
13.
sales
Total
for
the
seven
months
through
July were $12,31'6,000.
"
"While
no
fair
comparison
of these figures with corresponding
periods is possible in view of our substantial expansion, it
significant that July sales actually exceeded our expectations by
$212,000," Mr. Sadacca stated.—V. 164, p. 831.
previous
is
North American Cement Corp.—Earnings—
1946
*
charges and taxes—
12 Mos. Ended June 30—
Net income after
•Loss.—V.
1945
$35,490
*$325,235
Proceeds ,will
be
used
in
payment
underwritten.—V." 164, p. 283,
North American Co.—Quarterly Report—•
as
for
company
loan
of
'
by
stockholders.
The
tn North American's second quarterly pamphlet report which, will
to stockholders today, President E. L. Shea points out that
improvement in the company's earnings "reflects the rising trend of
postwar electric sales to residential and commercial customers,
to¬
gether with elimination of Federal excess profits taxes this year and
savings resulting from the refinancing providing for the retirement of
all of North American's preferred stock." v;
^
l
With sales to commercial customers up 21%
and to
residential
customers up 12 %, the report points out that electric revenues for
the second quarter were only 4% below a year ago, although kilowatt-
of
June
industrial customers were down 34%.
electricity
for
the
1946,
used
which
kilowatt-hour,
a
a
30,
System
a
average
new
he paid
compared
household
record
a
with
new
total of
For
the
customer
of
1,450
Aug.
on
12 fi'.ed
letter of notification
a
the
.
used for
Paramount Pictures, Inc.
average price of 2.81
kilowatt-hours at 3.21
,
-
The First National
v
«
Period End. June 30^—
•
<
/ ;1346-^Month,~4945
Uncollectible oper. rev.~
Operating revenues—
Operating expenses—
Operating taxes—
$7,060,308
4,695,355
1,198,960
should expect to show increased sales to our industrial customers."
Many new industrial plants are being located in the are** served
by the North American System and many existing industries are
"exoanding. It is pointed out that postwar construction ana improve¬
ment
projects already announced, including public works, call for
expenditures approximating $600 million in the St. Louis area, $967
million in the Cleveland area, $375 million in the Milwaukee area
and
$485 million in
the District of Columbia.
In anticipation Of
continued growth in sales of electrcity, additional generating capacity
Is
being installed by Wisconsin Electric Power Co., Union Electric
Power Co. and Potomac Electric Power Co., and additional capacity /
has been authorized by the Cleveland Electric Illuminating Co.
These
a
year. ago.
Operations of West Kentucky Coal Co., a wholly owned subsidiary
of North American, have been, running at a high; level since a sevenshutdown during the nationwide coal strike in April and May,
the report states.
In spite of this shutdown, West Kentucky produced
'•tonnage for the first six months of 1946 was only 6% less than a
week
interest
as
stockholder
a
income——,
Net
$1,165,993
$804,262
——
1,125,766
/811,214
income
164, p.
283/
V."
in
the
combined
undistributed
partially-owned
of
in
$759,000
The
cents
directors
on
the
Stock Placed
on a
outstanding
•
Annual
$1.60
•'. /
Aug. 8 declared
on
present
>///
regular quarterly dividend of 40
a
stock, payable Sept. 27 to
holders of record Sept. 6.
This is equivalent to an annual rate on the
old stock outstanding prior to the two-for-one stock split-up of $3,20,
as
compared with 50 cents per share previously paid each quarter.—
V. 164. p. 426.
". \ Y/;/- /:/?/"
v
*' "/*;"
common
.
•
.
Parker Rust-Proof
Co.—Earnings—
Period Ended June 30,1946—
$6,996,685/ $5401:730
; .6,916,524 / / 4,950,312
Net profits
*
/
/
e
/
*
taxes—
Earned per common share—.——
,-.rV...
—V, 163, p. 8162.
'
*
3 Mos.
after charges and
9'Mos.
$300,554
$652,458
$0.70
$1.52
'
' " '
••
Oklahoma Oil Co., Denver, Colo.-—Files With SEC—
Penn Mutual Life Insurance^-Co/^-Breaks/^
letter of notification with the SEC
for 571,000 shares (5c par)
common on behalf of Frank C. Myers,
President and Treasurer of the company.
Offering price at market.
Underwriter, Inter-Mountain Shares, Inc.
Proceeds will go to the
The company
on Aug.
5 filed
a
/In
it
selling stockholder,
new
,
,
^
paid
announced
-
-
exceeded
the
From
new
18,887 for the
New
Otter Tail Power Co.—Stocks Offered-^
business
$11,008,130
shares of common stock at $51.25 a share. Ini¬
tially, the company is offering" 50.000 shares of the new preferred;
stock to the holders of its outstanding $4.50 -and' $4.25: preferred stock,
share
and
share for
pto"k
51,216
share; with cash adjustments of $1.50 a share on the $4.50
a share on the *4.25 stock.
The adjustment includes
and $6.46
dividends
to
Sept;
1, 1946,
on
the. old ;
plock/ and dividends/on thq
1946,
last July,
Becnrd-r/n
the vcompany'S
for
President.
the entire
and
of
$143,677,253,
This breaks
Ufdr
paid
year
including
of
1945"*
12,
Aug.
it
was
all previous
•
policies
same
in
issued totaled nearly 30,000 compared
period of 1945.
1946,
totaled $20,930,293 compared with
increase of 90.1%.—V. 164, p. 560.
.//
July,
an
Company is offering 60,000 shares of $3.60 cuniu. pfd. stock at $99.25
a
of
business
1, 1946 up to
the 1945 total
.
-
with
total
Jan.
insurance passed
by John A. Stevenson,
company records.
The number of
Olympic Radio & Television, Inc.—New/ Name—
.See Hamilton Radio Corp.. above.
has
announced.
is
and/12 days'
months
seven
insurance
•
companies also are extending distribution and transmission lines and
adding substation capacity.
i
The report shows that the North American System has effected
savings in interest charges and preferred dividends over the last few
months.
The only senior capital outstanding ahead of the North/
American Co/s common stock today amounts to $48,875,000 of 1%%
bank livnsj compared with $88,974,375 of debt and preferred stock
outstanding
$1.36
New Split-Up Common
Dividend; Basis—»/.
we
Net oper.
/;'
June 30, '45
$4,*8U,000 $21,792,000 Y $8,487,000
$0.60
/ / $2.90
$1.13
$10,205,000
non-consolidated subsidiaries, compared
the corresponding quarter in 1945, $4,149,000 in the
first six months of 1946 and $1,598,000 in/the first half of 1945., /
.,
$6,536,304 $41,404,588 $38,985,665
4,027,816
27,520,706
23,144,775
1,704,226
6,887,197
10,739,160
.
—6 Months Ended—
..
June 30, '45 June 29, '46
two-for-one
net
earnings
$6,542,585 $41,491,128 $39,033,971
6,281
86,540
• / 48,306
new
creasing
the
to
wtih
1946—6Mos.—1945
$7,077,138
:
16,830
Operating -revenues—
earnings
indirect
appointed transfer
Ohio Bell Telephone Co.—Earnings.
cents
of
.Proceeds
7,504,272 shares of common stock presently outstanding
stock split on July 8, 1946.
On June 28, 1946
and at the close of the corresponding quarter of 1945, there were
outstanding 3,752,136 common shares,
tAfter all charges, including
estimated provision for taxes on income.
Net earningi also includes ?
in the
1946 quarter $1,054,000 representing Paramount's direct and
of
to expect that,
home building and with electric appliances available in in¬
numbers, residential and commercial use of electricity will
continue to increase.
It now appears that the postwar low point in
our
industrial loads was reached some weeks ago and from here on
•with
,
SEC
share
•Based on
due
Issue not underwritten.
Bank of Jersev City has been
the
shares
one
(& Subs.)—Earnings—
June 29, *46
♦Earns, per com. share-
cumulative convertible
preferred stock, $10 par value, and common stock, $1 par value.
See
offering In" V. i64/;-P/83&XY///////;/;^
cents
:
tNet
a
Oberman. & Co.—Dividend Disbursing Agentr—
not
"X//
acquisition of real estate, erection of factory building,
etc.
Issue not underwritten.
r
Period—
agent and dividend disbursing agent for the 5%
North
low
1,031
ktlowatt-bour for the last pre-war year of .1939.
Mr. Shea's letter points out that "it is reasohable
4
with
of preferred stock (par $10) and 2,500
(par 50c) which will be offered in units of
and one share of common at $10 per unit.
stock
preferred
will be
letter of notification with the SEC
non-cumulative preferred
stock
(par $100) and
Aug. 9 filed
ducing plays and motion/pictures.
12 months
kilowatt-hours
on
.•/
purchase of machinery,
3,000 shares common stock (par $10).
Stocks will be offered in units
of nine shares of preferred and ten shares of common at $1,000 per
unit.
Proceeds will be used for working capital to be used in pro¬
.
American
shares
900
for
be mailed
company
Issue
-,.//Y:
//>•>»r--r/' Y,
•
shares
2,500
common
Nugent & Montgomery, Inc. N. Y.—Files With SEC—
,
'
Paquenam Co., Inc., Friendship, N» Y.—Files With SEC
The
during the previous year.
William B. Falconer, President
of the company, which is strictly
a brokerage organization
closing
6,492 transactions in its fiscal year ending April 30, 1946, states:
"The volume of business (dollar volume based on commission earned)
is
40.7%
greater for May and June, 1946, as compared/with the
previous year and the net earnings are 66.3% higher before deprecia¬
tion, capital charges and taxes."—V. 162, p. 13.
,
.
„ Y
holders,
;
.
for
163, p. 2296.
hour sales to
..
Ttte company ;.o»; Aug, .6 filed ft; letter qfr noti/ioation wit^ the. SEC
40,000 shares (25c par)
common.
Offering pribe, $1 a share.
Company paid the regular quarterly 6%
(per;:annumi dividend' on
its.preferred stock ($430,410 in amount) and $1 per share on common
stock (13,590 shares) payable Aug, 1.
The corporation's year: ended
April 30.
For the year ended April 30, 1946, the corporation paid in
Federal and State taxes an amount equal to $19.49 per share on its
common stock and earned $8.22 after taxes and preferred
stock divi¬
dends.
It disbursed $5 per share during the year to common stock¬
—3 Months Ended
ended
.
.
Mining & Developing Co., Salt Lake
SEC-^
City*4Files With
(Charles F.) Noyes Co., Inc.—Earnings, Etc.—
totaled
which compared with average monthly sales of $1,567,000
during the first six months of this year, Henri Sadacca, President,
$2,912,000
announced
t
,;
Issue not underwritten.
(J. C.) Penney Co.—July Sales Increased 29.05%. "
'Period End. July 31— / 1946—Month—1945
' 1946^-7 Mos.—1945
;
Sales--^--I2li-/--^
—V.
164, p. 284.
47,729,677
36,984,429 332,030,561
278,093^284
,
_
j
I//////I•^'■////■/; -sC4
tv* 0-^IV,
■/~r;;
,;;
;
" vfvrG&f/./'
THE COMMERCIAL & FINANCIAL CHRONICLE
558
Monday, August 19, 19461
*
v
Corpi—Semi-Annual Report-*?■::
Pennroad
;
anonths'
'on
;
Cash
*
U. S.
Govt,
3Deo.-31)• 1945i -Of 2,678;.
,1
•'
t»S the
^°^^SS'5.ooo.o°o* i.
-iJIVifrgn "nf'
Srovhig
the settlement
^lav
nn
and
for
trwfnin Is^that
St
X ^^Smfor
-writ of certiorari <to the U.- S.
S This must be done, if it is, to be done, on or^ about
1946, and is; in effect, a request to the Supreme
to
'
I
^
The corporation
Interest
$884,171
.1,792
General expenses
25)798
46,610
legal expenses
Ped. income taxes, normal & surtax
Extraordinary
Vet
-
-
income
•
JPjiblic
El'ectric
"^O.'sil '
1™!-*
$7-16,555
•;
SHEET', iUNE 30# 1946;
ASSETS—Cash^-demand -deposits in hanks/ahd hn
J.
payable, $6,000,000;
taxes withheld on salaries and
LIABILrriES—Notes
accrdedi
$74 425;
dividends, etc.,
Co.—Acquires Fluorspar Mine
recei$iyJ announced it has purchased the Kentucky
' >';>l'•*■« ■'■ : w
.
v
;t, v
Pennsalt,
being sold only; for experimental purposes at
P^284;^
y\
ment is
:
1
?■
•
Accts.
served
this
by
--
Period Erid.f Juhejirf—
•
974,502"
^25,230
Net-rev. from ry. oper.tr.
-
Net
ty.
:%• \,/>V
—
;t:c-■'&
'«r..-
Fed.
84,824
h ;r
.
*•■
'-"civr'.r.!
$267,850
v
4
22.272
Cr94,200
taxes..
1,26'4
A
A
half
Other
W.
Kellogg- Co.,
//169)200.
'The corporation's
ICC
:
j
sleeping
The
certificates
were
bids
cost
of
the
proceeds to
V. 164, p. 595.
Petersburg' &
offered for s&le through competitive bidding
were sent to 121 firms, the bidders being re-f
advised
also
The
Pullman
tickets,
Gas
Co.—Stock
all
Govt,
deposit
_______
—
obligation <at quoted market )____
stock outstanding—
Net assets (securities at quoted market prices)
Nbt' asset value per thai© outstanding_w*_4.i
Offered—
'4 $253,725'
•
-
,301,312
of capital;;
the
earnings
a
for
Net
period
INCOME ACCOUNTV
Income—Cash
'SIX
J
"1946
::
dividends___l-/-:i_^_^.—$169,675.
interest.
..-V
Net income from -mineral
rights, etc.*-
,
Int.
;
Total —i-A
Prov.
for. estimated
'
Federal
income
tax
Net income (without giving effect to security
•
/
$175,935
transactions) >'_,
_J:__
)
1943
and
.
»..
!
63,469,991
5,130
$172,871
9,000
for
cents
on
'
•
11497a?
S'^4
11
>
SJ?075-
*:
61,547^411
•
52,980*.340
in
the
aggregate
,®„,.
I
Aug.
declared
6
Quarterly
regular
a
dividend
of
on
■
>-
.
oper.
.
1946—Month—1945
1946—6 Mos.—1945
$1,015,491' $i;052,723
854,006
567,166
revenues^—
$161,485
$179;i08
•
$7,297,035
4,781,630
$8,367,245
$2,515,405
$3,082,050
$485,557
12,355
$2,609,999
3,285,195
\f 94,594
$497,912
-
*17,623'
'
Cr3,963
J5rl,755
—
; ;112,083 .v
,
$3,194,133
-
Dr3,238
Z)rl8,773
' 4
$2,606,761
$3,175,360
Deducts,
from
ordinary
63,829
66,873
—
-$183)071
"
*
*
income
.-
$496,157
•
*
8,760
•
Net.ordinary income.
E^traord. income Cr__
Extraord.
inc.
$174,311
-
$487,658
Dr578
,
chgs.)_—
Net
•
$2,542,932
■
$3,100,487
^
4.240»
>
74;254
.
11,667
9,575
70,028
59,947'
$162,644
$477,405
$2,477,144
68,950
income
Deducts/ from
..
8,599
348,500
976,450
$3,122,794
2,272,340
$128,905
$1,500,694
$850,454
.
Net
net
inc.-
to
'
»
.
sale
of
2,542,804
1930
arid
¬
Federal Communications
<
3,200,734 *
86,849,328
-
•♦Net
-
loss
fr.
sleeping-car
-
.....
oper.
of
being sold for the account of Atlas
share
'
x
..
for
•
.
deficit
period
per
381,354'
A
-
173)317,433
129)732,795
r;
$9.12
Corp.
and
proceeds to be received by the
Option warrants
Cri,466,103
20,000
.
corpora-
-
Cr241,355'
11,870,721
648,582
21.222,726
8,280,569
142,876
15,060,756
.%
,
stock
of Arid -claims
"
702,344
1,614,996
3,229,897
6,161,970
3,229,945
§2,527,552
2,932,025
$0,22
$1.91
$1.11
^
^
•
v
*2,536,407/* A
shares
of
stock
arid
,
/
"
,
"tinciudes
of
.
-
96,353
729)608 shares of.--'common
-
31,>1946,
stock "issued
Upon
conversion
♦Subject "to renegotiation of "prices on T945 armament
shipments;
tRailroads' contractual share of The Pullman Co.'s
sleeping and parlor
.
:
>
/
23,166 shares of common stock issued to /
of option warrants but excludes the now> offered- which are being acquired- by the several**
6%- preferred
May
common*
stock
and
upon; exercise
20,000 shares
purchasers pursuant
to the exercise by them of their option rights
acquired* from two officers who are also directors ot the corporation.
0196,638
3,590,161
1,975,155
"
against ? the corporation's
option warrants, all of
which have, been deemed to be. outstandlrig. • The- redemption price
for
said 462 shares
of 6%
preferred stook has been deposited in.
trust with Manufacturers Trust Co., as redemption agent. .>• < :
Crl,013,654
■■
2,559,573
,
'*CertainvhoIders of
predecessor have not yet taken steps necessary to procure delivery
of certificates for stock of the corporation issuable to such holders
pursuant to the plan of reorganization of said predecessor.";" At Dec;
31, 1945, there remained undelivered 462 shares of 6% preferred stock,
6,618,045
--
§1,233,593
share-—
'
CAPITALIZATION—The capitalization &3 adjusted to give effect to 1
changes to,-May 31, ,I949? is ossfollows^
a;
•'v
r / ■%£..X..
♦*,
"
*«1
r
Authorized * • • Outstdndlng
Common stocl? ($1 par)—8,000,000 shs, *13.814,827 shs.
J...7.222,408 >
1,78.4,204
,t
*
1,614,948
\
arfe
'OPTION WARRANTO—-Each
Dividends paid
Inc.
surplus or
*
Sold-—Mention
tion from. the: exercise of the option/ rights 'amount to
$160,000, which, will be added to- the' company's working !
1946—6 Mos.—*1945
/
,
427.
being sold through the exercise of optioii
rights purchased from two officers of the company. The
-
total net cash
"
>
0674,887
P.
Stock
Attg./9-of/42Q,OO0/s3hares of: common stock ($l/parX At/;"
$21 a shdr£ pf the total; offering,^/40O;O00 sHares* are? •
/,21,222,726
......
*
,
—
our issue of Aug. 12 of the sale by Lehman
Brothers * and Goldman, Sachs & Co. and associates <w
18,339
1911,196
Cr617,664
business"'
for 1946 periods.
164.
"
Corp.
wa3 made in
$2,-
of
5,113,637
Cr38,448
taxes
Commission.—V.
h-:1-*..
$A
3,288,523
Crl79,796
Total
..
Radio-Keith-Orpheum
.
set¬
1937—
$93,694
,
11,870,721 " *"§606,427
11;129)441
—i.';
surplus..
Laurence
cap.
in
earned
G. Hills has been elected Vice-President in
charge of fi¬
He has-been associated with the
company for 27 yean;.- Since
1940,-he has been Vice-President and Controller.
-.v
The position of Controller of RGA Communications will be filled
by
Lon A, Cearley, who has' served " as assistant to Mr. Hills since Feb¬
ruary,
1945.
Prior to that time, Mr. Cearley was employed by the
...
-
.
-
nance.
the
unused
a
sub
on
draft
transferred
Officials Promoted—
'
,
necessitated
inc.
*
t
income---.
refunds
tEarriings
$138,037
share
a
Cr733,051
depreciation—
Prov. for Fed. inc.
9,000
f
i2
record
...
,
25,835
^
of
communication
72,414,135 125,225,585 146,942,785 1
1eserve_-_
from
for
1945"I
'25,413
$141,522
"oltr
directors
.k^s-r. -I--,-'
Gross ordinary inc.—
tlement of Fed. taxes
.$(?!
1,847
4,403
-
3.266*676:
104 456.
9Q,121,062 :131,517,000.180,539,862
64,883,353
assets:
-
$165,895)
1,857
10 026676
2,ono o^o
■
•:V-.\-
285,204
,
expenses'of
proportion
Net income
"
Deductions
50
$12.69
MONTHS ENDED JUNE
on
llReturn
11,190,555
5
-.-.■I'-
covering
indicate
INCOME ACCOUNT
AAVx-S
.
/Balance
Total
*
COMPARATIVE
•
261,887,327 298,666,938
Operating income—
Ordinary .income — non
v.-:;■*>*-*,
of
1946—3 Mos.—* 1945
&$,> • V/1
*$ Y,'**
rev.
payments to railroads
$443,131 '
301,359
$13.91
;
1,
,
65,168,558
tProv. for contract
881,938
;
508.256
1466 103
2,*500:000
2,500,000
stock
Oth". communication ins.
1946,
of
earfy reports
tariff
Aug.
t-r
,1 **
dividend
that
Gross income
"Net oper,
12,265,377
that
refund
new
became effective
7 v
declared
Period .End. June 30—
Prov.
881,938
.
531168
2'53l'63T
360*329*
-
-
——
©per. revenues!;—
Total- oper.
deducts.
'
stockholders
Co.'s
which
for1 which sold.
car
of
Gain
S.
'830935
3
_____
I29!l95!s80 129|l95[880
subsidiary)
Total
-
$10,950,000 of ^U. S, ' tax savings
,527,552iori j)revious)y ea)rDedrsurplus...
Petroleum^ Corp. of America—Quarterly Report—
coihpiratl^e data arc givei^ be^oW;^ T
IT.
4 659 753
*£0/
contr"
.1*1
Period End. June 30—
unfilled
1. -' Despite
first' half
the
,
'Certairi;
Shares
39 061 506
the common stock, no par value, payable
Sept. 3,
Aug. 19.
Previously, ther company paid 40 cents
per share each quarter.
On Dec. l/last year/an7 extra distribution
of 40 cents per share was
made, which brought total payments in
1945 to $2 per4 share.*-V.
163, p.>2732:
^
-
capital
stock- of- Pullman Inc.,1 payable Sept. 16 to holders of record Aug. 23,
making a totabof $1.50 "per-share* declared *this'year/:the same*ak <
for th©
corresponding 1945 period.
•
,I '
; ;
Payment of dividends at the rate of $1 per share involving dis¬
bursement of $3,229,897 during the first half of this year, absorbed
of
on
76 227 uu
12*248*122
4,130f679
"D. S. Government securities carried at cost
which
less than the market value.—V, 164.
p. 13.
The'
rules,
new
•The- directors
Scott/'Horner & Mason; TncT recently: oj^erfd/
scares- of common stock* (par $10): at $13 per $hare- to
residents of Virginia only. : The stock, which was owned
by Pennsylvania Gas & Electric Corp.;'was purchased
from the latter corporation by the bankers with the
permission of the SEC.—-V. 164, p.'595.
.
,•
*
i
•'*,
Cash
35 158 913
•
____________
to* holders
in
reduction
The
o| the,
accepted.
On this basis the average annual
the applicant will be approximately 1.57%.—
'
" " "
«
' " ' ' ^
"' >
i
Hopewell
■;£
AveltJIZ
outstanding
50, cents per share
consolidated working capital stood at $168)262)552,
on June 30, 1046.
Cash and-U. S.
held by Pullman Inc. and subsidiaries on that
CONSOLIDATED
.
n',,1' te'iifat-B
re¬
yet due
—
I ill
Purity Bakeries Corp.—Increases Quarterly Dividend
of
last-day cancellations of ticketed space reserva¬
designed to insure a more orderly distribution
of sleepirig car accommodations, provide
that railroad ticket agent?
may refund the full amount paid for an unused ticket only if the
space Covered
released not " later than tbe day/i)receding departure>
tions.
quired to name the rate of dividends to be borne thereby in multiples
of y8 of 1%
per annum.
In response thereto five bids representing
ten parties were received.
The best bid, 99.636 and dividends, based
on
a
rate of iya%
per annum, was made by the Savings Bank of
Baltimore, and has been
of
car
stantial
-//The report of the Commission states;
and invitations for
"'.HI' ''<1 If. ill will
to
V
Crawford
operation
4^
ot equipment,* :
during
procurement
■'
-Mr.
in
■with the? procurement
for
prov.
not
v
—
Total.
securities
ndtes.
on
liability
incl.
taxes,
——.—i—
credits,
stock
Surplus
$52.10 per snare of capital stock,
Government
..
July 19 authorized thd company /tb assumU obligation respect of not exceeding $850,000, iya% serial equip¬
ment-trust certificates, to be issued by the Marine Midland- Trust Co.,
New- York, as trustee, and sold at 99.636 and dividends in connection
The
inc.
reserve
Pullman; Co.. (a
cor¬
amounted
had a backlog
books at Aug.
subsidiary,
i $51,000,000 on the
a
ddte iiotaled $135,972,014, :lncl,uding
and
for. Fed.
reserves
Deferred
is
1946
875*508)
A-:/wx *■&! ■'
,,7-;
facturing plants and Pullman'equipment
General
subsidiary's operations were fairly well malntairied, but increased
operating ratio held net income below the 1945 rate of earnings. £*-'■-
Railway—Equipment Trusts—
Pere Marquette
*■
deferred maint. of Pullman cars—
Reserve'for manufacturing and other
conttrig—
Reserve for postwar re-adaptation of car manu¬
.
of
isafiqo-
79
36,668;620*5
832.
first
'
Reserve for
1946, totaled 199,981,000. kwh.,
for the corresponding week last
p.
:
-
^oiW'
a
the
§$189,414
CT94,200
M.
amounting to
difficulties in material
98,401*;
$185)683
163. p. 2586.
'
m1,
2,645,557
107,932
installations—/••-••;'.»
is
orders
/iL2.307/
or
.
•
--/
'162 123:
on munition and other contr.
(contra)
Reserve- for employee benefit plans—
Reserve for uninsured fire and
casualty liab.__
Reserve for exper. cars and
operation
The
$290,122
112,894"
;
§$127,526 "
.*102,600
$99,316
^
$$68,820
'3,969
49,201
56,476
charges
inc.
/
'2,481
—
deficit
•Incl.
•
18,943
.
$177;991
$$40,353
fixed
*Net
>J>
:
1
adjustments—
wage
prov.
Capital
_
:
deductions
Total
$663,752311,078
■
Total income
MisC:
$$87)763
96,707
i/vlMOA'1;
: 8,m
:
i
-
56,442
$166,887
t$48,525
income
oper,
O^her inqorae
$67,3^6
173,016
39,885
42,521
-
1,963,574
2,067,230-
$379t788
-
Url9,226;
•Railway tax accrualsEquip. & jt. facil. rents
$2,134,625 : $2,627,326 :
983,777-
;
l'o75"*655
1,075,655
Advances
high of $216,000:000 in unfilled car ortlers on Aug. 1, 1946,
was
reported for the Pullman-Standard Car Manufacturing. Co.
The
carbuilding subsidiary of Pullman Inc. received orders for 1,445 rail¬
road mainline ppssengert cars- during
the tperiod*'from- y-J Day to
July 1, 1946, and haft* the distinction <>f "delivsiiirig the |lrst 100
postwar jpassenger cara |o America's railroads." ;:- - 4
;
j >;■ % / •
Due to material shortages occasioned by strikes in supplier plants,
only 82 passenger cars were delivered during the first half of 1946,
as
compared 'With 476 cars originally scheduled* for delivery during
that period.
When kinks in the supply line are ironed "oUt, PullmanStandard expects to accejerate delivery of equipment from, its newlvmodernized. passenger car. plants.- Volume of production during the
second half promises to exceed that of the first six months/but will
faW corisiderablyAshbift of potential capacity.
f
*v,
>
.
"-**
1946r—6 Mos.—1945
$1,363,565
$949,272;
<-'<—'
'
not yet
for 1944 reneg. for prices oh
govt,
Prov,
•
500,000 a. month was made retroactive to Jan. 1, and. an expanded car
repair program have tended to hold-operating expenses up to near the
1045 level in the face of the slump in gross revenues: >
4'< •
Peoria & Eastern Ry**—Earnings—
Operating : revenues.___
Operating^ expenses— ?
45 07R 7<in
?•
at
V *"
Accrd. prov: for other taxes;
10,
the
•
payable and payrolls,
troactive
Accrd.
A' record
1946—3 Mos.—1945
46 193 631
cost of shrs.
(domestic)
* f '"»'*• "•<"
LIABILITIES—
,
A«Wagd;$rid Ijayrolk tax increase .of $l;700)000 :a AmorithiVoL^^which $!)«»
*Pr®??I!lk~v. 164jl
■
companies
...
producing from, it,y**
one of the largest wartime producers of hydrofluoric and
anhydrous-hydrofluoric acid, recently announced it is making -ele¬
mental fluorine available commercially for the first time.
The ele- .
-pot- now
'
companies
koa'hhi
*•>
r
were
active in other fluorspar mining
Fluorspar Co.
The Pennsylvania Suit
Fraaer,
pleted
for
income
net
AQd'^nr-
33 779 17RV
.
placing, in suspense, the. net doss, of $196,636
of the sleeping car business by The Pullman Co.,
being continued, under Federal District Court order, by the
Vv ;.'V ;
present management for the account of-the Railroad Buying Group. ,. -: ^
r -,<v
Approval by Ihe Federal :District. Court of the: proposed sale, under .
Radiaphone Corp., Los Angeles—Files With SEC—
anti-trust proceedings, of the sleeping car company to the 52 railroads
of the Buying Group has been appealed
to the Supreme-Court by
®°2?pan.y on A"**" ? filed a "tetter of notification with the. SEC
for
the
168,528
shares
Department of Justice and some interveners, and* the case is
($1 par)- capital stock.*" Underwriter, Barbour,'
Smith and Co., Los Angeles.
expected to be reached for arguments during the October term." •'
Offering price, $1.25 a share. -Proceeds
''Mounting- labor ■ andi: other costs superimposed -Aon a decline of V will be used for reduction of liabilities 'and increasing working capital.
.,**
*,
•
$6,562,515, or 8.1%, in gross revenues, nearly one-half of which was
v..,*;;,
Ai-e-ty
'..-n.
rru'
f >
sustained in- May as a result of the coal and rail strikes, cut sharply
RCA Communications,
Inc.—Earnings.
into the sleeping car company's earnings during the first-half of 1946'.
from
purchased from Roberts and
operations, as- the Kentucky
Mfg. Co. recently has com¬
Underground -explorations'.of the* Kentucky. Babb -mine .but is
inventory
and surface
mine
The
Aug.
"
r&i&S '•
356.025-
income figure also includes
,
Pennsylvania Salt Mfg.
Salem?-Ky. v •«■
ended
190,368,00b kwh.
increase of 5.0% —V. 164,
an
which
" company
operating
the
_
(contra)^...^^!
Kellogg Co.—excess
affiliated
TOtto!
recently
with
Consolidated,
$1), $8,300,000; capital surplus, $39,657^234;
common stock held in treasury (2,656,575
shares), Br$i0,800,064; total, $47,046,185.—-V. 164, p. 560. •
' "
The
-r
;
nnn
sbS'So?^
3
'
$702,344, or- 22 cents per share, as; compared \vith $6,161,970, or $1.91
av share,
for:'the; same -period in 1945, -D. * A; Crawfdrd, President,
reported to stockholders on Aug. 14.
In
addition to
credits from sale of property,
the first half net
$1,914; common stock (par
earned surplus, $3,806,219;
Babb FluorspaC tohie mear
out tuberculosis.
wipe
xPiillinan, Inc.—Quarterly SJatement—
:
interest payable, $6,458;
•
of
week
in
17
-
secu*.),^WSSS\'iiXX!
Other^ssets^**** W4'-"^3,772,055 / 881,295
utner.. assets....408,603-
.
f^9,121;
accrued income, $42,846;^ fur¬
unadjusted debit, $5,000/:total,
inet),;: $8,083 r
fixtures
$47)046,185,
taxes
year,
book values, $46,582,135;
investments at
niture: and
.
.
the
compared
as
'
GENERAL BALANCE
compahy arid its subsidiaries for the
to 123,696,000 kwh., a decrease of
tliilijji. EnglBeei^ng & Service Cor^OyLtpVLt^output
poration for
'£'■
,hS,R
\>.v
406~769
__
investments at cost less reserve-.-.
Equipment and property (less depreciation)'——
Funded*reserves (invested in U. ft Govt:
_
6)637
'89t':-?
--«^4438^^.^l:33^2^-
Invest, in M. W.
Invest,
'
5™
cost less;. reserve^.i^^-i^-^^^^^Wr7 ■ '.y;^
to
»•,
;/; ,'v.||r«VW-HI#'
y
-.
Other
drive
-*•>■ •
194$'
"-A
-
at
Munition, and, other contracts
by Governor Thomas E. Dewey. . -' ; '
Orders already have, been placed for new mobile equipment, and the
Powers organization is
actively engaged in the manufacture of its
magazine cassettes through which hundreds of full-sized x-rays may be
,
talcen lm^a'smgld ;day»A4 4'
The Powers mobile units, with complete x-ray equipment including
power- plant, will start some time next month their-State-wide trek
to reach every Civil Service worker in the State.4. .A, ^
-'A
^
-4 "A/.
;
"
73,734
109,324
—
—
health., drive announced
6,923
69,318
11,686
3,118.
83,308
32,788
income
$7,278",886
securities at cost
notes receivable——_
and
Inventories
on
York State
,
81 986 999
950 OOo
'
.
Dr53,315
This corporation has been named to handle the x-raying of all. New
State: Civil Service employees as the iriitial step in the 20-year
$936;115
2)167
3,019
—
than Fed.
2.417;697
York
1944
39,094
paid
other
Taxes
1945
$629,433
income
Total
announced New
ENDED JUNE 30
1946
2,418,800
Dr53;313
'
Aug. 12 announced a general expansion program
designed to Increase its x^ray service, facilities as part, of the recently
have been going oh, at Philadelphia^ and _
at Wilmington on claims made by attomeyf
others^for
Son from the fund which the Pennsylvania RR.^has agreed to pay to j
Pennroad under the
settlement agreement.
Previous notices have
advised" that the total of all claims have been limited to 20% .by
agreement.
■
|M
if
FOR SIX MONTHS
this
of
v
" 'A*""'/
A.
-*
taxes—10
marketable
Accounts
Powers X-Ray Products, Inc. of Glen Cove, L. I., N. Y.
—Plans Expansion—
< '
Th the meanwhile, hearings
INCOME STATEMENT
Other
V'f.;//*1
,
Sept. !,' •
savings notes';earmarked for
excess
374,141
1946 amounted
10,
-V, ■
y
125,022,014
,Wftii
707,000 kwli.. br 0.6%, from the corresponding week last year.-^V. 164,
pi832 and 731. i\ > ■»> >• ■ ,v '•' }
y_'•* V;v-^
'** w
'•••iV.-v'rH
.v
felectric'' output
week1.ended AUg.
Supreme^*
r
ii" V"vv'
CftSOS.
The
..
f
/v<//\;/y
profits tax refund bonds-Claims fori postwar-xefund ^ 10% ) /oh-?.excess
4,444,890
365,571
r
—^ffJariprgflri27~~~"'
the cases,
now-have no recourse in-any or
-
Govt,
.
investments
Dec.
U. S.
1 Philadelphia Electric Co.—Weekly Output—
the Circuit Court of Appeals.
lnstr by 1 the
cases
the objectors
H.ia/Treasurer1 tax
;
.
-
settlement^ ' were
the
4,444~690
—
of
realization
on
■/">■-*;•
♦Cashjmd U. S. Government securities
59,094
,
$7,231,818
'
Delaware
01
$27,740
8,840
expenses
($5, par).
loss
-1
accrued Federal income
$25,079
—
31, 1930
;
UndistributedL incohie
:
—:
Capital stock in treasury—at cost (7,000 shs.)_
.]X'>;' • v. <. V.t .i
*-
31,1946; thd action ot-the-Circuit-Colirt in
became iinal. The result ot all the .lore,
May
an* on
the Oveitfeld-Weigle
Chancery
of
Court
and
since
-•
•
$7,27'8,886-;
'
Profit
•
683
$7,231,818
for
stock
-
Consolidated balance sheet, jhne'30
ASSETS^;.\fv>
:J946
''
41)104:::
■
payable and accrued
contingencies
•'
—1——■
s
taxes—
Reserve
agreement, and the, Supreme Oourt of Deladenied a petition for rehearing. On May 21
attacking
--Circuit
thP> Third
Sectom
1946,
29
the
-
.
Supreme Court;
6,468,279
*
-
A—
LIABILITIES—
Accounts
;
respectively, two cases in
27,
May
^
of
chancellor
300,000
300,000
6,620,681
—V39.37*.:
2,186
——
Reserve
the matter of this settlement. • -j. . , -.
Court- 6f Delaware; on May 19, : 1946. approved ttie •
fh#>
25,689
v
has been made ia
The' Supremo
•
:
f T 1
•
ouifitaridingAhareV capital 'of3
229
shares in both years. SDeficit.
^Proportion of 1943 reserve for deferred
maintenance of Pullman cars credited to expenses in
1945
■"'■Placed in '
suspense subject to disposition under appeals now
pending ih U
S
$443,131
•
—
■■
Total
<
the settlement beunder which Fenn-
reports have advised of,
Pennsylvania RR. and this corporation,
$253,725
15,851
rights
Deferred charges
,cir:
June 30,'46 Dec. 31,'45
,
,,
portfolio
Minteral
as
LITIGATION—Previous
.
.
receivable
obligation—at costsecurities^.——
General
^
Capital
progress>
t\j
and interest
sales of securities
in the- 1946 period,
surplus
>/
deposit.^
on
Dividends
of $f290'260
ridupdm''
compared with $495 496^so
1945; the balance in earned surplus at June 30, 1946 was $3,806,219.
Cornoration
acquired
156,575 shares of " its owri common Stock .
«ltirins
thp period Jan
1
1946, to June 30, 1946,-at a total cost of- «
S1285 611 or an average 'of $8.21 per share, including commission.
there were profits
ASSETS—
-
the^six'.;
income of the corporation from in vestments^jf or
period ended June 30, 194£>
nprioH
taxes, was $440,511, as compared with $716,555 tor the similar pe
of, 1945, a decrease of $276,044, as shown in the income statement.
In the current period such
net income; ai"°un^e<| .^
J
8 cents
per share.
In addition to the profit of $440,511, as above,
net
The
BALANCE SHEET
COMPARATIVE
his
election,
share
option
to purchase at any time
of common
stock
warrant
on
or
entitles, the
31,
before Jan.
*
*
holder, At jl
1950,
one,
payment of scrip certificates/ exchangeable in amounts aggregating full shares for certificates of stock,- which
scrip, certificates will be issued in a form approved 'by the • board of *
directors of the corporation,-■ in denomination* of 4ths. of
a share
expressed to; expire at the- close of business 011 July 31, 1950, six;
upon
months after the expiration -of
the option warrants..r
:
/'
>/^li
i'
'»».»> \ »*>%■#*
'
'»VV
surrender
>Uf" '*»
''4
common' stock
reserved
C ft'M"?■
"lifcf
•
Includes.. 4,217
holders -of
shares
or
.
delivery
for
Railway' &LUhtSecurities ^
to
outstanding- scrip for fractional shares- thereof, 'upon' the-'
by such holders*of scripaggregating full shares. '
fw •'
"';"
*
IIQTO^Ab.ove table' does
Interests
combined'funded
$22,200,000
iJeihai,
at
May
31,
debt of
funded
ih ' the. corporation's - subsidiaries.
amount-of thc
was
hot Include
The
minority...
nor
aggregate
principal;
compared with
as
$12,408,655
the hew
as
was
for by
provided
company
\:>h"
-
the
prises.-,,
and
in 1939 in
the plan of reorgani¬
■
,
I. UNDERWRITERS-—The
of
names
shares
of
of
and
estate
>
several
.•:-»>
respective number
has agreed to
Upon,
real
the
stock
common
related
other
1
"
f
"
*
*
Brothers
Goldman,
Adraham
Sachs
&
Purch'd from
Atlas Corp,
Lehman
No. of Shs.
Corporation:
——
1,776
Co/—
&
1,776
Co.^.
—.
A;. C. AUyn & CO. Inc..
Ame?j Emerich & Co., Inc
Arnhokl and S. Bleichroedcr, Inc
Bache .&. Co.—,,
*
Bacon, Whipple & Co.—
Baker, Weeks & Harden—'——
Mr.
A.
G.
Becker & Co.
Blair
St-
Co.,
Blyth & Co.,
Boettcher
Inc.
3290.',
Inc
and
452
Co
48
George D, B. Bonbrlght 8t Co.—
J.
C.
Buckley
Burr
Brothers
Co., Inc
Rutcher - & Sherrerd—
ti. M. Byllesby, fc Co., Inc
Central National Corp—<—
.Chaplin, & Co
1,334
—
142
105
952
452
2.095
105
2,095
105
571
29
1,334
Skaggs & Co.--_*_—t
Dqmpsey-Tegeler & Co
29
9,048
Davis,
48
571
Si. Co
48
952
■
Clayton
.Commercial Investment Trust Inc
Courts & Cp.
66
571'
Dominicjc & Dominick.,
Francis I. Du Pont & Co—
Eastman, Dillon St Cc
452
105
48
29
First California Co.. Inc—
The First Cleveland
Corp.
571
W.
D.
Gr.idison
&
9,048
—
Co
452
105
i—-
1,334
2,095
Granbery,
2,C95
Marache & Lord
fitieglitz-^—
&
Hentz St
'Henry
Hill
&
'Hirsch
St
St
452
'
—
•'
105
'
6,000
571,
300
Levy
29
1,334
66,
2,858
142
571
142
9f.048
452
9,523
477
29, >
452.;.
Cq.j—
9,048
952
M.
Loeb, Rhoades & Co
Irving Lundborg .& Co.^.^—
M.
Mason-Hagan, -top;:
McDonald & Co.—
"Gordon Meeks & Co
29;
,
—'
—
2,858
48
.Paine,
Co.—
'
Tenenbaum
1.334
Co—
Piper, Jaffrav St Hopwood——
:i—.
/Edward A. >-Purcell «&—--—
I
/Putnam
Co^u————
:.QuailfSt Co.~t—
«-u_aT Relnh'oldt it Gardner-————————
66
300
1,334
—
Co
——
Robinson-Humphrev Co——
IB.tlLiRomhsvdt Sona;Inc.^i_rl_--l—
-Dallas
-
-
•
.
Rupe-,&
Schwabachen St
•
Co.^,Inc.____——
-iAMv Simon. 8r'Co;_£^-x-__—
Stern
'
Brothers St ',Co.---————
— -
SMx St -Co.--| Straus • • & Blpsser--Ji_^—_~_r
: Stroud'&;,.Cp„; Inc.
7Swiss, American Corp.rJ_—l———-—_—___
*
Town'send, Dabney.. St Tyson__i_____
TupHer. .Anthopy St, Co. —^^
Union Securities
Coip.i/.pI_---;-—-J—U--Vipf.nr
Vietor, Pnmmrm T>o nn & rv>
Common,'.Dann Xr Co..
•
48
rbe
952,;
142
Co.:^..^——
Watlihg, Lerchen £ Co—-—---V-
*
2,858"
"VflS^V;
105L
142V
•;
K -48
571
6
.
9,048,
:
-r—.
—
952t.
2.095,
•:
L334
w-^rlr/-rVr'-r---------r--.---
2.095
6,000 V
Witter &
Co,—
Wurts.
Dulles & Co..'_
Yarnall & Co._
-p-
77,999
29,23913,483
months^
ended March 31,
•
•
571
$27,912
cumulative preferred ;
1956);.
convertible preferred/
the>lniMqlvpublio offe^gApricoiof the 4%,
V: •
......
,
*
'
"
Authorized
^
Outstanding
•
.
40,000 shs.
60,000 shs.
500,000 shs.
BUSINESS—Company was
the
6/359
*
•
be used for work-
$2,200,000
40,000 shs*
None
j
215,000 sha,
$2,200,000
,
founded in 1896 by Sussman, Wormser
•
These; notes will bear
interest at the rate of 378% per annum
or
less and of
common
r
STATEMENT OF INCOME
-
,
Gross
•
sales,
'.
•••_ i ; ■
•: ■
less discounts etc
"'•:*f--
;.
-
V O
Ai'-'fi:
;
t;
■
■■
Net
sales
loss
'a;
'Earned
.
/
per
share__l_I__„___„
$1,972,003
*483,355
'
Nil
V
1945
$3,788,626
1184,994
$0.62
•After provision for "carry-back" refunds of Federal taxes and prior
period tax adjustments; tProfit.—V. 164/p. 427.
of:goods;:sold^:—^a--i_—__
Selling, gen
& adm. expense.J—
/Warehouse/receiving and shipping
Frov. for doubtful v accounts—,—
•
•/
.
Cost
•
stock would meet the require-
payable
;
clpsing date and subsequent closing dates to be fixed bf
the company,- the bank will loan to the company $1,100,000 evidenced
by- 10Aprom.issory. notes bearing that date, , said notes maturing- serially
'from.., the/. 1st to the 10th anniversary inclusive after - the first
'closing date in an amount, equal to one-tenth of the amount /of the.;loan,.'being made by the bank .upon the second or subsequent closing
date or dates.- Loans will be made on each, closing date, in the, amount,.,
"of $110,000 or some multiple thereof and all .loans in the aggregate
principal amount of $1,100,000 shall be made oh or before Nov. 15,
1946.: These notes .will bear Interest ,a.t the rate of 2%■ per. annum pay'able •semi-annually.
>
////;^/V '
! wbicbclowwigeletaoi shrd shrdl shrdl shrdl
shrdl shrdlu s shrdl shrdT
-ENDERWRITERL-Blyth'& Co., Inc., Sare Frahcisco. "/
,; ^ \ ^
^
Reynolds Spring Co.< (& Subs.)—Earnings—
6 MOs. End: Maf/31^
"'l
'1946
"Net
29
;
second
/Opt
.
•
: 29;
!
company.
semi-annually;
.
'
4%
of new
On. the first closing date to be fixed by the company the insurance
•company/Will purchase from the company ten serial promissory notefs
of the company bearing that date payable to the order of the insur¬
ance company, maturing serially at the rate of $110,000 per year from
the 11th to the 20h anniversary inclusive after the first closing date.
20,198
^
a new single class of $15 par comw>h stock,
Of
of new common to be authorized, 114,590 would
exqhange.for.the^,bonds and- preferred stock,on- the basis
$1,000,000
.i'tV-'t l-5
300
v
share
1911, the company was incorporated
name .and, on Dec. 28, 1911, acquired
28,017
»
1946.
1
V
•;v;.iQ5V
i 571.
holders of 10,400 shares
offered to
common-stock on or prior to July 1;
Co.;'a; partnership,-,
Net Prof it
$72,582
*
—V. 164, p. 869.
,
Jk
*
in California under
the same
the business of the
•partnership. The present name, was adopted in 1937. w1 <
. ^
Originally the, compaty was engaged in the wholesale grocery busi¬
ness, in San Francisco.
Company expanded and developed Its business
.to, iqclude the processing
and distribution of an extensive line of
food products/Its featured'brand isJ'S and W>" which is established
in all -markets served, by. the. company.<•
v,' {- "/
FUNDED. DEBT—Under date of June 10, 1946, the company en¬
tered into an agreement with the First National Bank of Chipago and
Northwestern Mutual Life- Insurance Co: under the terms of which r
the
bank and insurance
company severally agreed to loan to the *;
company $2,200,000.
None of this money has yet been borrowed i>k /
.'
The Commission suggested. that//a capital structure consisting of a.
.
29
Dean
a
•
•On Doc. <22,
profit*?./).
-v-a—•— -
| ments of .the Holding Compapv>A^t<r/-;V| 16^, p. 882/
66-
571
The.Wisconsin Co.——
:
for
..
'
issued-in
debt of
452/;
48
*
share.,
National Bank- 6f San Franciseow
preferred stock the right to exchange.
.
^
105.
,
Stock Of¬
PURPOSE—Th/het
.....
'
300V
:
outstanding ak;
stock, //:
3i
MARCH
r
29
OOd c
such" shares
5%
Bank and insurance company loan
cif',97,fl09 fhareS,i or;>84.667e, to the. bondholders at the rate of 111 shares
/ for/ each. $200;. principal amount , and-.v 17,681. shares( or. 15.34%,".to
; preferred-': stqckholders. pn1 ^vshare-for^sharef basis.*/<:,:•;;,':
Ender the stockholder's plan,, bondholders will be paid in cash in
cfullfrom proceeds-of the. sale Gf*$l,300;000 debentures,-a $100,000 note
and sale of 35,162 shares of new common, stock.The company v also
would.issue„new comrnqm to fhe prefgrredvStockholders-.
•
...'.The, Commission/ stated, that it/bqlievgd .both'"plans' prpperly deny
$ participation i to the,/c6mmoh;,stock.l/'-v:/.'
♦«:
\
'
Weil
■
ENDED
123,791
.
67*.:*
r
$258,720
$i.7i< •KV'< $1.56
San-Francisco.
OFFER—Company
.Coqimon: $tocki
•
' 66V
1,334
.
Anglo California
agent;
4% /cumulative preferred stock/con•vertible-series; ($5Q par)
-Cumulative preferred stock ($50 par)_
thel 120,000.: shares
66
2.095
-
Products, Inc.—rPreferred
(convertible -into
.
"preferred stock:into
142
2 858
/,
of outstanding 5% preferred stock for 4% con¬
preferred stock, a cash adjustment will be made in ait
of $2 per. share, which amount is the difference between
redemption. price-of. thb 57/ preferred stock ($54.50- per share)*-'
and
/The pomp^ny's^planivin/.brief, pFop.ose<| to;.ji;pn.vert-theibond$ an*d
:
-
Q, H, ,Wg]ker
•the
•
/
376,267-
105;
'V
1,016,000
:
$283,520
vertible
•
504,600
142'i
1,334 V
'
173,096
—-
Upon? such exchange
The Securities and Exchange:Commission Jiai rejected the alternative
plans :'fqy recapitalization; filed; by; thp; cpmpapy.. and.„Ifving; R, Isaap,
a preferred stockliolder,. but gave-the
parties 30 days to file modificartrpns to m^^thie?,suggestions of: the Commissions
'
r.ir---S -.1/":l
29
1.334
Sing&r, >Deane St Scrlbner———i—
Starkweather
Stfii»>BfJb5.l&' Bovce*.
---L
iciL'S'
stock
"
.142, ••
•,.571",
952.
V
-a
Income and (in 1945)
...
and W Fine
each, of
j
■h
$1,305,818
31,098
105,533,
amount
-Republic Service Corp,—Plans. Rejected—
,
66(i;
2.0P5
on
of outstanding convertible
;
•
12,759
300,074
$562,053
——
—
—
EXCHANGE
/
29i
2,858
—
!
'ing; capital,—V. 164^ p. 731.
300.'
2.858
$1,293,059
shares of common stock
1946.—V. 163, p. 2299.
Transfer
Offered—Charles
PURPOSE—Company's share of the* proceeds* will
29-
-
5,338,582
;cpnvertible series ($50 par) at $52.50 per
'
105,
...
.
fct 'V _•*>;
fered—Blyth & Co., Inc., San Francisco, ori Aug, B
'offered, 40,000 shares of! 4 % cumulative preferred stock,
pr
$608,373
^Period of three
/
2.858,
Co—
Sills, M'nton St
YEARS
♦1946
6,000.
Scott; ^Sfrlngfellowr^-^_^--i-.——iChds^Wj ^Scrantojr^
Shields -&
«■
'
1.334/
Co
vSilberberg'
v
'57 l;v
Son—:-i;j——_"____-_—
-
EARNINGS
Ui'M
J
571
'
190,130
'
S
•
2,949,303
226,239
.^Calculated on'the. 165,90o
.
'
$6,931,715
•
194^
1945i
.,
66
*
profit
June 30,
$0.43
-
1945
1946
$371,923
renegotiation of war contracts—
Net
June 30,'46
] $2X5,518
Net Sales Before Taxes
48
2,095.
The
•
:
1-.334
"
$1,750,000;
short-term,
♦Earnings Per share '^-a.
authorized
1943
<
48
'
,
952
,.
total,
$379,410;
charges,
income
for
66 '
/95*
—
Riter.Js
AND
I'
66
■
;■
.
SALES
105/
6.000
payable,
Other charges
PfoV. for Federal taxes
Cliquot
and
v.
;
.,
105
/
t
1,334
Webber,.:. Jackson & Curtis———
Pejtason,*
;'
-
2.095
i
v
'
*
^
'total income ."--j. JUi
■
p:\v;i-
48
.
2,095
Co.—•—--a_:
drink)
lemon
Rees, Ine.—Stock
„
66
952
„
Newburger & Hano
Ohio
•
.
29
1,3-74
Pacific Northwest
Other
capital*•'■consists Of ' 200,006
'"shares of tommon; stock, ,/'(par $t) -.- 100^008^shares are- issued * and *
outstanding; of/whitchr 20J.000 ;shares, as well as 20,000 of the author¬
ized 1>utJinissued/: shares^ pre now" being-offered.*
\
'
; .v
452.
——
Co.—-L———
lithiated
Co.—Earnings—
CAPITALIZATION—The
142 V
952
•
»
• •
deferred
and
Gross .prpfil
,
,
^contracts.
29 1
Fenner & Beane—9,048
Metropolitan St.. Louis Co.—1
*
571
"Moore. Leonard & Lynch—
,
$4,831,426;
Selling, general and administrative expenses—
ot^the/company's totaLsales, /In
1943 Chrysler Corp. purchased 47^2%, and in 1944, 42J/2% of the company's .total sales,, for use in connection .with Chrysler Corp.;'Navy
105;/
571
221,423
31,, 1946
MAY
SHEET,
$43,874 in 1945)
.
subcontractor; pp ; war products,. Jn. 1941 - the,.Ford- Motor" Cor. pur?
as
"48'
:
2,095
-Merrill Lvnch,-Pierce.
The
,
.w.
chased ZZVs'/e, And in 1942/;/22.%%,
300
571
952
& Co._—.
.Nashville- Securities
.
,
with
-throughoub. other parts/of the United Stetes./ V
Durfing the war period, the bulk of the company's business was done
48
6,000
Inc.
Marks
and
571
Williams—
.$493,620
•
Gross saies, less freight, discts., ret. & allows.
$3,547,465
Post,of, goods sold .(Incl. dcprec: $52,922 in 19.46/ .H;V.
is
business
48 '
&
"Mannheimer-Egan,
f
,
types pf, industries.
Approximately 40% of - the-company'-s
conducted; with, industries, loqated in southern Michigan
northern
Ohio, and the balance oi its business is distributed
different
952
&
—
'
48
2.858
268,870
328,500
Rotary Electric Steel Co.—^Earning^-r'
6,Months-Endedi June 30^
;
equipment. Another 30.%. (approximately) of its husiness consists of
the-^design, manufacture, and^sale of electrical push button switched, of
•which. there are. more than 350 styles, and which are sold to many
29
952
Co._^——
Laurence
•
335,518?
*
proceeds to be received by the company from
the sale of 40,000"shares of 4%
convertible preferred stock are esti¬
HISTORV" AND BUSINESS—Company was incorporated in Michigan,
mated
to
be
$2,007,520 if all are sold for cash, after deducting
on ..May 8; -1931 to continueJ a bu&inesk established by: MackwonR .n* ■'
.underwriting eomml8»sions rand-other expenses in, the estimated; maxi- ;
-Reesvin 4929. ♦ I - «• *"
- - y
'*
'
I •1
;
' mum amount of $92,480 and will, be used as follows:
(1) Retirement,
The
company
designed - and manufactures special electrical and
of 5%. preferred stock, by exchange or redemption;
(2) use of - nefc,
.mechanical- industrial • control devices.
Approximately
30%
of
its'
/cash proceeds for working capita^ and other corporate purposes. .i
..business js repreeeftted .by, the; design^ manufacture,, andl .sale of lci^ >•>
reactless kickless cables used in connection with resistance
welding sv
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
*"/
.
2,095
Weeks
Freres
Lester
.
cases
G^o.i De|rpit;* on Aug; 6 ! offered 40,000
stockholder.
29
29
Bissell fit. Meeds.—
Lazard
142
.
571
Kidder, -Peabody & Co.i—
Kuhn, ,Loeb & Co.wC—-
Carl
^
571
Kebbon. McOormick' & Co.—:
A. M. Kidder Si
Co.,^.i—.J.
»Lawson.
^ - -
^
.
shares common stook C^ar^l) at $2.50 pet shdre;- Of the
shares" oHered 20,000;aro being sold oh behalf of a selling
105
300
2,858
—
Laird,
452
Co
:Jenks, Kirkland & CO.———;—
Johnson, Lane> Space and Co., Inc
Johnston, Lemon & Co.--—*——
Kalman & Co.rTnc.—_rr-—"
•
' /
.
company ; this'
.A.: Pareells
9,048
Co.-!————
Hornblower
period of 1945.
machinery, now on order
(Mackworth G.)
29
Co
St
'
Earnings-per, .share on 500I06o common shares--^_ii-^i._i>
~v. 164, p.' 322..;;-:;v
6,000
Co.----_-_:_--------
Herman
Richards
.
of.. 1,000,000
Earnings for Quarter Ended—-
2,095
$755,480..
Aiig, j> that the new unit is expected
Net-profit, after jdepreq, and.'taxes__v^..-._i-.„,^i..
452
9,048
Harrlman Ripley & Co., Inc—__—
Ira Haupt & CO.------I-—
Haydem Stone & Co.__
"Hemphill, Noycs Si Co.
:
H.
:
105
571
9 048
Co——_——
'
1
"
%.
BALANCE
Registrar: American Trust Co-.
105
Hallgarten
V"
Red Top Brewing
66
Graham, Parsons & Co,——
,Halle
.
<
vft*- „
*'»
h>< '
>
' ; .4
year acquired 20.0,000 shares of common stock
pf Red Rock Bottling Co. of Pittsburgh, which operates a bottling
plant with 14,000 square feet "of floor space in Pittsburgh, Pa., and
plans erection of a new. plant witlv,approximately 20,000 square feet
of floorVspace. ' The^^ Pittsbjqrghcompany/ haa 406,506 common/ siiares
outstanding..» •' f ■*"
29
2,095
Forgan St Co
Goodbody St Co.
.:
.
Red Rock Cola, Hep
(a
Ginger Ale and Soda/f-j,
The
66
571
First Southwest Co.
Glore,
100% when, a new/
gets into opera¬
Samuel Mataskr,
29
1,334
Michigan Corp—
■
300
571
———
2,095
952
Inc
Far^ell, Chapman
165,159
"
'
accounts pay-r
$990,935;, income
bank notes due
within
year,-- $500,000;
7-year 2% serial bank notes (not current),
.<
$3,250,000; deferred income, $23,564; reserves for contingencies, $475,-; '
166;: capital stock, $4,436,815; capital surplus, $4,537,371; earned sur- n
plus, $5,039,669;, totaU $24,237,762.—V. 163, p. 2299.
•
Cleveland—ExpansioRT- v,
will be; increased;
corresponding
When
Club
142
9.C48
6.000
A. Evans St, Co.,
& Co
company'
tribute
142
2,858
Emanuel, Deetjen & Go
of
29
2,858
''
...
LIABILITIES—Notes
„
Andre de. Saint-Phalle & Co.
First
66
1,334
Ciarke Corp
Securities Corp.
Clement
66!
2,858
2,095
——
—
W.
Crutter.den
105
2,055
—
'"l/VJ-V1;
.
$52,751; v prepaid
$24,237,762;
Liquid Carbonic Corp. is in¬
stalled,, operations of -the company will be concentrated.-in the new
plant.
Equipment and machinery of three Cleveland bottling com¬
panies purchased in the past year were transferred to the. plant now
operated by Red Rock.
The company, incidentally,' succeeds to the
sugar allotments to which the three companies were'entitled.
•^Expanding operfitipns , will , require '&.■^ doubling - of pur? - trucking
facilities," Mr. Matasar said.
"Within a year we expect to be oper¬
ating va minimum of 25 trucks in the City of Cleveland proper,, com¬
pared with 13 trucks at present.
Orders for seven new trucks have
been placed.
In addition to outlets in- Cleveland directly serviced
by our own delivery facilities, we have distributors iq;; Ashtabula,Akron, Lorain and
Sandusky who are supplied by our Cleveland
plapt.
Our over-all distribution of- soft drinks covers ten counties
•in Ohio 'for whicfe we have an exclusive franchise to bottle and dis*
105
*.
&
Richard
the
29
.
Bradford & Co.—.
' '
able, • $1,136,-343;accrued,• payrolls, taxes, expense,
taxes and renegotiation refunds, $2,097,899; serial
,
300
—
'/... V
'SJ\
$l,090,99ff
receivable,
claims,
of soft drinks per
annum compared with present- capacity of 600,000 cases.
In July, ap-t
proximately 70,000 cases were delivered, or at. the rate of 840,000 caess
ahnually compared; with- 30,600 cases: ih July last year,. For- the. first
seven
months of 1946 deliveries were- approximately 365%
ah£ad of
452,
*—
Inc..—j—
J ..'/oVs ■ -p' A V,
investments, $870,152; notes and ac¬
imlentories, $10,851,300; land, buildings,
machinery, etc. (after, reserves for depreciation of $6,397,771), $5,122,453;
patents
(less
amortization),
$83,713;
sundry
accounts
an$
Smith,. Merchandise.- Manager,--has resigned to open a
to corsets, underwear aud accessories.—VV163,
'
'
; yR' was further announced on
to give the company a capacity
29
$14,099,797
10,343,604
expenses_vrr._,-,«^« ':, 2,835,554
ASSETS—Cash; $2,046,557;
counts
shop devoted
President".
66
300
general,
—.
:
amortization—.—...r—
and
V;' ?
Conri.-r-Pr6motions—
bottling plant under construction in Cleveland, Ohio,
tion, probably about the end of .October;; according to
66
,'.i if. A'
CONSOLIDATED
Bondy Joined the company in 1933 dnd Mr/'Montanye in 1936t
Newell, C.
Red Rock Bettling Co. of
300
M)
and
Net profit
Dividends declared
Jack Montanye'and Lester Bondy have been-appointed merchandise
Councilors, according .to Daniel S. Van Dyk+ President, w. \
1
Production of 4his
48,
♦
■
?Ei
48
.
Bateman,- Eichler & Co.(
Bear, Stearns St Co.——
.
(D. M.X Read Co., Bridgeport,
300
—
inter-company sales__/,.«_l
exclusive of depreciation
"
.
p,
105
—
sold
Miscellftneous,. deductions
Proyi§iop for Inderal and state, income taxes
300
Co
of. products
Gross income
...
Lovelace; President bf' Capital Research and Manage*.
B.
ment
/
66
.
Allen' &
■>,
■
ii'
Other income:-'^»*—«.w-.—
v;;.:'
^■ v:
®
Rayonier, Inc.—New Director, Etc.-nJonathan
•
specialty
Adamex'Securities Corp
;•'*
.
'•/'dperating-'pvofit
operate.air-carrier: service:v.'^otvuhderwrtttien.,.x.
enter¬
sales/ exclusive of
Depreciation
y$0;4i
par. '
,
each
u-
Selling; •-administrative'
company on Aug. 5 filed a letter of notification with the SEC'
10,168 shares i$l- par) common, and 21',500' shares of 6 preferred,.'
Offering price, $1 a share each.
Proceeds will be used to
$1
purchase from (a) Atlas porp.,' and (>b) the corporation.
the exercise; 61 option rights are as fpllows: ,
,
>f
*'
l
Net
Corp., of Los Angeles, Cal., has been elected a director, succeed-*
-4, ing Eugene Bashore. William F. Weberhas been elected Secretary. All
other officers were re-elected.—V. 16/3, p., 1436.,
and the
i
severally
purchasers
which
it
Rockwell Manufacturing Co. (& Subs.)—Earnings,-etc.
(-1/ giX MONTHS ENDED MAY 31, 1946
;.1'■ j:'
i
With,
The
for
,
in
last, and on
15., A like amount was disbursed on Feb. 1,
1945.—V. 163, p. 1034. ..-•* -
''A'-''
.
a holding company.
Its subsidiaries are engaged
production, distribution and exhibition of- motion, pictures,;. ih
operation of theatres
v'
Cost
-The Corporation is
*
In the
V
•
feainier Air Freight Lines, Inc., Seattle—Files
organized
ovr
-■■■.
V.:
....
Aug.
•;:.•>!
,
sation jof the corporation's predecessor, Radio-Keith-Orpheum Corp.
(Md.), approved and effectuated in proceedings under the National;
Bankruptcy Act in the District Court for the Southern District of
New. York.
427,,..;,
164,. p,
record
33-41
share
-
—
Feb:. 1 and Sept. 1,
-J83,62
/
Dividend
directors on Aug. 6 declared a dividend of 75 cents per share
stock, no par value, payable Sept. 3 to holders of*
the -common
on
$2,872.24
collateral; trust: 3"^4^,; bond"—-—-.J-—
cum., conv.; preferred share, $50"par_^
-V.
I'-'■
^ history, AND BUSINESS—Corporation
1946i. the company ;
pf its outstanding securities.as follows:,-.. .
Per 4%
atr
1945. '
Delaware
reports net asset coverage
Per
Rice-Stix Dry Goods Co.—75-Cent
r
;• Tlie
31,'
/ upon' rilarket * quotations' as * of July
Per common
debt of subsidiaries of the corporation
1946,
Based
-
•
YEARS ENDED APRIL 30,
1946 * ': 'i945' ! 1944
$30,718,520 $27,047,250 $24,354,442
.
—i.————
$1,214,468
Operating profit
other income.———.-j.—-—, ■V .6,996,
$1,258,704
$1,221,465
— •138,008
income.
628,000
$1,262,068
income
Total income
Prov.
Fet
.
—
deductions^
for Federal
income
-V, 164, p. 465,
taxes on
$455,457
$1,380,454
3,364, /
Total
Gross
.,
20,616,461
26329,362. 23,i46,4l6; "A cle
1,999,498
2,656,285
2,224,827
359,709
517,311
*417,956
:
Crl,6^2 %
1,091
Cr653
35,709.
,
46,611
$1,427,065 /
vV
37.882
881,013
"
1,014,538
$345,345
$374,6441
y
960
THE COMMERCIAL & FINANCIAL CHRONICLE
Ross Aircraft Corp., New York—Files
With SEC—
notification with the SEC
The company on Aug. 7 filed a letter of
for 50,000 shares ($1 par) common/ Offering
ceeds will be- used for working capital. Issue
Scandinanian Airlines
Formation
Nilert,
who
Danish
this
will
for
output of this company for the week ended Aug.
10,
2,415,000 kwh., as compared with 2,073,000 kwh. for the
responding week last year,; an increase ot 16.5%.—V;
totaled
will
which
offer
Total ry. oper.
Maint. of way
was
signed
unit,
of
Trafic
expenses
All
oper.
•
,
A.
named
President
Norlin,
the
of
President
of
the
Swedish
t-y: J-.-
-
Net rev.
.
rents
combine.
new
Mr.
Net
S.
for Swedish
Intercontinental Airlines,
will
work in
with Max Wcstphall, U. S. representative for the Danish
and. Cap|. Gert MeidelV U. S. representative for the. Norwegian
representative
;
The Scandinavian Airlines System will
the three companies. < In addition to
-.Service
shortly be "offered
will begin
modified
to
''' ..!■
.
■
».
t
i
..
.n..,;..'.,.
5,740,502
er377,740
>
Bank at Dallas,
ii ,n i.
iii'n'iiin
i >i
..
20,053,171
12,826,936
■
i imih 1
,
TRANSFER
J.i',..
1
income.
oper.
4,158.342
17,705,990
The
26,142,252
783,324
3,909,789
3.279,303
4,951,751
.46,087
5,643,215
21,615,779
1.907,035
1,932,346
12,236,564
29,421,55a
297,860
11,698,492
......
405
565
,
.......
deductions
charges.
Total conting-. charges.
seat
with
but
fleet
a
28
to. South
of
North
America,
Net income of S. P,
Transp.
System..^
•Net loss of solely con,
Via Africa,-
DC-4's,
seven
which
been
have
the <,ships are roomy
Stockholm will be a terminal;fpr.
although
passengers,
enough,to carry, up to<60 persons.
all .flights with'landings being'made" at
flights.
Oslo
Copenhagen
and
on
456,320;
BUSINESS—Company
Co;
nature
on
June- 6. 1933.
of company's
discount
a
cos;^.wadjust. (Cr)_.
tConspl.
tponsoL -adjust.
'
alternate
2,998,629
^rolled. affU:>
.
,
.
3,678,272
8,922,321
174,805
(Dr)._
*
179,922
'
......
notes
and
and
conditional
sales
appliances,,
commercial, industrial
Boeing Stratocruisers
and
they wiil be placed into
tthe DC-4's.
V".
The new
of
the"
for
on
the
next
to
service
year,
v.
certain
;andf,establishes. ;a board
for five years,
income
cofnpany'of six members, two from each
the", chairmanship rotating annually kmong~ Denmark,
is
located
at
^
Park
270
Ave.,
y
Schulte Real Estate Co., Inc.—Calls
Payment, at
of
the
..*
19.538,871
of
V. 164, p. 869.
for
series
ments
2018,
4.
The
.
Chase National Bank
Sept. 15,
Pine
St.,
pointed transfer agent of
the
the
stock
v'r.Al; v
'-V.'V-.'1
'ifsrt.
**
-•
($10 par
'
' v
..<"
contracts
secured by liens on automobiles,
furniture, and other miscellaneous
household articles and equipment.
;
•
.
of
$10,000,000
common.
of
&
Co.,
is
it
said,
the
agent;
Illinois
HISTORY
Seeger-Sunbeam
it! Earnings
Corp.—Earnings—
ated
May 31,'46
Gross sales:
>
loss from operation_____
Net loss for periodst
i..;
* After miscellaneous other income and
on
*475,070
estimated
carryback
taxes.-r—V. 164. p. 596.
few
credit
Fiano Co.,
Urban J .Alexander
Co.,
Inc.
(Ky.)—Stock
Offered—
After
that
a
full
The
the
selling
organ -department
was
department.
A
few
years
rounded
partment
-
for
an
graph-radio
¥
department
a
music
house,
records
qualify
tion
operates
orchestra
Company
until
several
years
selling musical merchandise
t
which
it
chised.
had
various
and
ago
was-
retail
at
in
high-class
musical
Today the company is not only
territory
territories
or
merchandising
lines
in
2?'caPital
Of
the
the
company
was
recently
canital
for
the
Net
Cost
last
few years
consists
stock
increased
or 4%,
,
'7;
dividends
same
of
were
paid
by
the
company
on
at
The
the
regular
rate
of
$4
v
.
,
of
the
now
exnansion
which
experiencing.—V.
cash
dividend
share
per
x
for
($100
the
/
,
addi¬
secure
believes
the
com¬
323.
$524,577
.1
• >i'
$662,697
7,079
oh
company
Aug. 5 filed
letter
a
of
notification
for 3,363 shares ($10 par) series A
5% preferred;
*v.*£ par) series 3% preferred and
6,161^ shares ($10
price,- $10
ing
"for
dollar
•
series
B
for
and
accounts
Preferred
trade
to
are
purchasing
trade
each.
be
the
series
accounts
exchanged
balance
payable.
The
is
A
for
to
2,278
assets
be
shares
which
exchanged
common
is
to
be
exchange
for assets of a going
business, except
shares which is being reserved for
conversion
-.
cash
received
There will be
no
from
the
sale
Is
to
be
the
($10
to
used
for
for
the
the
of
preferred
corporation
dollar
issued
of
:Th
the SEC
shares
par) common.
Offer¬
to be exchanged dollar
is
payable;
with
6,581
dollar
cash
extent
preferred
for
-
-
;
The company
for
2,500
writer,
Price
shares
Robert
and
of
in
1,161
series A.
working
capital.
underwriting.
to
'
public,
on
Aug. 9
class
B
filed
a
letter
non-voting
P.
Bennett,
240
$30 per share.
".capital,
-
of
notification
common
stock
(no
Reynolds '. Terrace,
Proceeds
will
^
be
with
the
par).
Orange,
used
for
'
on
Earned
share
$30,981
.
so
Period End. June 30—
The
33,422 i*
$35,578,756 $33,488,465-
;
$15,591
$23,498
64,403
.
=
for
each
the
of
July
on
1,
423,253 shares
.'
20,
1946,
of
of
such
one>
stock
1946.
bbbv-;
stockholders
will
outstanding $4.50
■
Inc.—Refunding Planned—
vote
Oct.
2
on
approving
plans
to
refund
cumulative preferred stock
new
a
,
Standard Life Ins. Co, of America—Files With SEC—The company on Aug. 12 filed a letter of notification with the 8EC
for -29,110 shares of common stock (par $10).
Stock will be offered
subscription to stockholders at $10 per share.
purchased
1, 1946.
Unsubscribed shares will be
by
Alfred MacArthur, Chairman and
1946-r6 Mos.—1945
<
distribution
the
to
stock
June
on
and issuance of
32,864
^
146,365
2,447
1946—Month—1945
rev._
10,063,962
through the creation
preferred issue.
On Dec. 31, 1945, the company had
Outstanding 200,000 shares of
$4.50 cumulative preferred and 3,163,277 common shares.—V.
163*
p. 2770.
$15,702
Vice-President.
$15,240,939 $13,959,615 $88,669,163 $82,350,912
22,666
18,820
136,772
132,226
revenues___.
Uncollectible oper.
8,930;23O
*9,771,724
common
2300.
for
Operating
..
*13,465,060
Standard Brands,
Southwestern Bell Telephone Co.~^Earnings.
.
■
4,760,247
1,175,780
4,775^000
1,422,000
The aggregate par value of the shares*
distributed ($4,232,530) has been charged to earned
surplus.—V. 163#
p.
8,788
"
14,234
2,249
*
1-
987,619
4,275,000
b
225,000
4,831,047
—'
•
,
$2,136,246-
adjusts. & contings..^—
giving; effect
of
outstanding
48,565
22,509
2,558
mortgages and notes
notes
sav.
i
surplus
♦After
1944
$14,897
expenses
225,000
inc., less tax
oir
for post-war
stock
Capital
428,808
149,552
10,398
-
425,240
$2,023,306
-
%Fundedrdebt^^-^^^_:>^i-_-_
$611,258
8,411
169,510
31,381
Net profit
—v.'164, p. 323.
Operating
revenues.*..
Operating
expenses^—
Operating taxes
Proceeds
will
be
Rights expire Oct.
at $10'per sharer
Pierce, Executive
general corporate pur^-
Hyman
used
for
A.
poses.
Sterling: Drug:, Inc.—Division Increases Output—
$15,218-273l$I3,940,795 $88,532,391 $82,218,686.
•
11,301,935
8,747,402
2,015,482
3,615,925
—
63,104,054
12,746,574
50,270,656
22,053,341
"Gastron"
Net
Net
income^--.
oper.
income-
$1,900,856
1,625,523
$1,577,468 $12,681,763
1,378,776
11,395,008
$9,894,689
8,296,824
of
at
$20.50
per
common
of
so
stock;
thereafter
long
as
any
N.
J. 1
working
for
shares of preferred stock for eight shares
until August 31, 1950 at the rate of one
one
share of common stock, and there¬
chase
to
their
vertible, 5%
for
a
TO PUBLIC—The
allow the company's
pro
rata
part
of
the
underwriters
stockholders
12,500
shares
for
and
of
vl
Salts
Foster
will
be
added
the
to
list
of
former
preparations taken over by Stearns.-1—-
fall
homes
production
exclusive
an
were
Chairman.
announced
The
nature.
unit
Mr.
Knowlson
indicated.
'
.
v
Contracts
clude
'
agreed with the
opoortunity to pur-
preferred stock, con¬
cumulative, ($20 par) at $20 per share plus dividends
period of 15 days from the date of filing of the charter amend¬
Bile
and
by this corporation of a small heating*
today by James S. Knowlson, Presi¬
has been advanced through all phases
of
engineering and field testing end will be marketed in limited)
numbers, the latter part of 1946, Mr. Knowlson said.
Incorporating certain principles of the corporation's "South Wind"
aircraft heating equpipment, the new heater will provide advantage
have
an
Holadin
597.
for
Plans
dent
of such preferred stock is outstanding at the
preferred stock for four shares of common stock.
OFFERING
company
p.
unit
part at any dividend paying date on 30 days'
dividends. Convertible prior to August
seven
preferred stock
rate of five shares of
SEC
or
and
164,
Stewart-Warner Corp.—To Produce Heating Unit for
share and
1948 at the rate of
in- short supply be¬
Homes—
Entitled to dividends at fate of $1
per share per annum, cumulative
June
l,
1946, payable quarterly March, June, Sept. and Dec.
after
Under¬
V.
from
31,
have been
which
demands
Fairchild. Brothers
Texas, in July offered 12,500 shares of 5% convertible
cumulative preferred stock at par ($20
per share), plus
dividends.
notice
"Pepsencia,"
in obtaining raw materials and because of in¬
by physicians, are gradually becoming more readily
available, according to Dr. J. Mark Hiebert, Vice President and Gen¬
eral Manager of the Frederick Stearns & Co. Division.
Dr. Hiebert
also announces
that 'oy late Fall of this year it is expected that
Southwestern Investment Co. (Texas) — Preferred
Stbck Offered—Schneider, Bernet & Hickman, Dallas,
Redeemable in whole
and
difficulties
of
cause
creased
is
for
Ski-Bike, Inc., Montclair, N. J.—Files With SEC—
•
v
—
Accrued Fed; taxes
V
/
444,728
$21,237
10,144
—
income
Interest
share
.
583,054
LIABILITIES—
U- $655,617 .^-$602,847
350,662
148,023
4,655
333,959
—1,422,000
11,417,445
11,394,297
for depreciation
-
1945
17,473
sales
313,495
tax—est
—Calendar Years—
:
1945
$1,925,752
$35,578,756 $33,488,465
Holadin
The
less reserve
payable
Sinking fund payment
—:V. 164, p. 428.
Simpson Steel Corp., Azusa, Calif.—Files With SEC—
r
profits
excess
Total
1926-1929
30
shares)
t
management
p.
and allowances
income
adequately
the
164,
^
EARNINGS
.
3,397,364
14,589,853
-
of
assets,
Deferred charges
Outstanding
399,900 shs.
«
$1.37
stock
13,598,891
—
refund
Permanent
used^^ for the rehabilita¬
the increase of working,
Authorized
$1,278,569'
100%
$6,682,666
2,983,205
—
500,000 shs.
after
,t|
Sundry other accruals
OF
outstanding
1946.
1,
assets
Accounts
for
par)
income
com¬
three com¬
panies—Shackleton Piano Co., Louisville,
Shackleton's, Lexington, Ky.,
and Kentworth Corp.,
Louisville, Ky.—and to enable it to
is
as
period
367,031
$2,120,495
$2.36
stock
common
receivable
Postwar
furniture,
Supplemental lines
the
$542,051
Miscellaneous
the
exception
paid at different
period.
(
care
until
3,637,000;
1946
Inventories
hav^ consisted
the
$200,000 to
$200,000 has been
present financing is to
expand the operations of the
take
and
sales
of
Total
stock
common
1 PURPOSE—The pu.pose of the
tional operating cap'tal to
pany
Accounts
rugs, carpets, and
The volume of sales
time.
405,512
1,300,000
taxes—esti.
share
common
shares
profits
CONSOLIDATED BALANCE SHEET JUNE
Reserves
(50c
goods
Other
from
year
has been
to
1909
1943.
$7,2^^,056
1,932,450
ASSETS—
$1,000,009 annually,
Operating expenses
Depreciation
*$400,000
1928 to 1946 inclusive, with
Substantial stock dividends have been
of three years# times during that
time
sales
Returned
authorized
in, and $100,000 of the increased
capital authorized has been
offered to present stockholders who will
subscribe; for this allotment.
remaining $100,000 is offered for public
subscription.
stock
from
increase from
excess
Total
The
DIVIDENDS—Cash
to
(INCL. SUBS.) 4 '
1946
Cash
built
Oklahoma,
Outstanding
paid
mon
stock
Net
$400,000
of
stock
total
such
&
paid July
a
city
Texas.
merchandise
30
The earnings for the quarter ended June 30,
1946 follows: gross
earnings, $3,142,057; expenses, $1,121,980; depreciation, $202,166; Fed¬
eral income taxes—estimated, $690,000; net profit, $1,127,911;
earnings
per common share, $1.28.—V. 163, p. 2900.
*•
the
Authorized
($10 par)
structure
company
Kansas,
June 30;'46
fran-
operating, company
an
'
A
capital
of
6 Mos. End.
Gross
in
CAPITALIZATION GIVING EFFECT TO PRESENT
FINANCING
$400,000.
continued
SUMMARY
musical merchandis'ng field for about one-half
of the State
Kentucky, but is also a holding company for Shackleton's of Lex¬
ington in the retail musical
merchandising business for approximately
the other one-half of
Kentucky, and is the holding company for
Kentworth
Corp.
and Wasco Realty
Co.
Common stock
lines"
operating company only,
an
the
retail
""The
"hard
so-called
enlargement of facilities
for expanded operations.
Common
of
-
the
by 4h0 company
v.
repair
b
2,453,339*
846,506
dividend
venture
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
de¬
Net profit
■"Earnings per
was
a
JUNE
$6,2<9,j46
income
♦On
with
was
The
MONTHS ENDED
Depreciation
Federal
■"
piano
a
servicing department,
an
organ repair and servicing department,
phonograph-radio repair
^and' servicing department, and band and orchestra
repair and servicing
department.
,
begun
was
FOR SIX
earnings
Expenses
Con¬
name
Wichita
and
years
Panhandle
time
census).
throughout
carried
and
capital
as
J _'i.
.
on
6 Mos. Ended June 30—
Company was
wholesale furniture
when
PURPOSE-^Nk proceeds ($254,745)
phono¬
a
to
.
the
on Sept.
dividend
Other
sales exceeded
when
"
.quarterly; dividend of 30 cAat$.
usuai quarterly
tnviaend pi
a
and
stock
Gross
Inc.
the
(1910
ensuing
the
Mart,
in
Business
time
a
accounts
lines
also 'started!
was
company
dealer
of
generally
added.
was
with
along,
in
order
instrument and
band
a.
of
added
ago.
at
which
felt base rugs, and nard surface floor coverings.1
of so-called "soft goods" such as wool and cotton
,
later
the
Mexico and
at
engaging
population
through
hundred
1946
implies.
Kansas
52,450
kindred items Were Added
Company was organized and incorporated on Jan. 15, 1927.
Com¬
pany's original . business consisted- of- the* selling, of pianos
only.
A
short time later' company added a*
small stock of sheet "music.
A
years
of
name
merchandise
primarily
$10) at $11 per share.
few
in
June,
Merchandise
purposes
accounts
New
General
;
Aug. 13 -declared
common
the $3.75 preference stock, the common dividend
6 to holders of record Aug.. 26, and the prefer¬
Sept. 20 to holders of record Sept. 10.
Prior to the distribution
in July
of a 100%
stock dividend, the
common stock in
February and May, this year, received cash dividends
of 50 cents eaoh on the then outstanding
423,253 shares.
■
was
originally incorporated
Wichita Wholesale Furniture Co; It oper¬
as
original
successful
Colorado,
Inc., and Bankers Bondt Co.,
Louisville, on Aug. 12 offered (to bonsl^fide residents
of Kentucky only)
10,000 shares of capital stock (par
Bank,
Chicago.
Registrar:
Trust Co. Chicago.
&
until
Southwest
the
the
several
up
Shackleton
1909,
approximately
proved
Bank
name
the
for
as
dealer
of
$1.20 Annual Dividend Basis—Net
a
94 cents per share on
BUSINESS—Company
12,
that
to
business
the
on
being payable
at $3 per share by Clayton
National
National
Jan.
organized
853,850
.,
First
AND
under
changed
$8,783,384 ;
Net
•
Kansas
in
for Nine Months Ended—
share
per
-
offered in July
was
tinental
on
733.
p.
Transfer
under¬
*
■
.
head
will
164.
s".
The directors ;on
-Jan.'1 to Aug.7
;
Authorized"; Outstanding12,500 shs.
12,500 sha.
40,000 shsw;
Earnings Higher—
1945 J 't
x 1946
j
1945 :
$5,886,262 $160,552,650 $209,423,908
$5,075,637
•
*The remaining 8^000 shares of common stoclc are reserved solely
be issued in exchange for any preferred stock tendered for con¬
164, p. '596. '
Stock Placed
Securities Corp., Boston; Sijls, Minton & Co., Chicago,
and Estes, Snyder & Co., Topeka, Kan.
14 that company: plans the early registration
preferred stock and
150,000 additional shares of
Morgan Stanley
160, p., 2760. ;
1946
Earnings
"
(A. E.) Staley Manufacturing: Coir—Increased Common;
specified in the bid.
Week End. Aug.7
50c)
*
announced Aug.
writers.—V.
to
RESULTS
.
ing Planned—
was
be
•
version.—V.
Southwest Merchandise Mart, Inc. (Kan.)-—Stock Of¬
fered—An issue of 99,900 shares of common stock
(par
Scovill Manufacturing Co., Waterbury—New Financ¬
It
by
1947, will be received at company's office, room
York 5, N. Y., up to 12 noon, EDST, Sept.
,
ap¬
_
,.
v
in¬
value).—V. 164,
.
.
net
ence
—V.
City of New York has been
common
P'. 869.
in
surplus
against
New
dividend rate must
Gross
Inc.—Transfer Agent—
of
included
charged
purchase of .$7,880,000 vequipment- trust certificates
Sept. 15, 1946 and due in 10 equal annual install¬
dated
from
70
The
.
.
Schuster & Co.,
companies
Railway—Seeks Equip, Bids-
the
LL,
Period—
(Ed.)
affiliated
se¬
Sl cum; pfd. stock, conv.- (no-par)^-ii-i * 12,500 shs.
5% conv. ciun. pid. stock ($20 par)„-_->
12,500 shs,
Common stock (no
*48,000 shs.
Mexico.
P.
Southern
Bids
Debentures—„
unpaid accrued interest at 6% from June-1,
redemption, will be made at The Chase National
New York, trustee, 11 Broad St.', New York.—
of
City
solely controlled
S.
of
of
Transportation System,
paying companies.-^V. 164, p. 733.
plus
par
1936, to the date
P.
S.
Co.
:
-4,060,248
-(Representing interest on
solely controlled »affiliated companies not credited to
Transportation System.
^Representing dividends re¬
of.
of
from
come
.
The
Bank
bonds
ceived
company has called for redemption on Oct. 1, 1946/
$3,160,409
principal amount of its 15-year income debentures, due June;I, 19511
,
3.099,572
contracts
CAPITALIZATION—Giving effect to charter amendment filed July
24, 1946, increasing the authorized (no par) common stock from 40,000
shares to 48,000 shares and.the sale of 12,500 shares ($20
par) 5%
cumulative, convertible, preferred stock, the capitalization of the com¬
pany will be as follows:
York,
New
V
-
income..
net
^Excluding S.; P. R. R.
new
country with
Norway and Sweden.
The new company's office
Consol.
s
augment
VV-
agreement is. valid
directors
delivery
order, for
trans-Atlantic
are
purchasing from.;
sales
household
and
'■
Four
follows:
as
conditional
industrial
notes
s
124,000
8,338,906
business- Is
basis
equipment,
insurance
premiums
and
miscellaneous
and
equipment, acquired by the dealers on the time sales
Making personal loans direct to the public on automobiles and
miscellaneous
security and
on
an
unsecured
basis.
Rediscounting;
1,079,532
76,000
uudeif
,
articles
17;424,521
1,048,832
...u.-
Texas
plan.
J^7l862 ^Cr202,d$i.nrl,556;247-m^58,8i7
:
,
•
-
.
in
by purchase money liens on automobiles, refrigerators, stoves,
household furniture and other household
appliances, and commercial
676
-
-
organized
was
cured
household
service,
American
32,101
it
corporate name of Western Reserve Mortgage Co. on April; >10,
1930.
By
charter
amendment
dated
August
3d,
1930,
name
was
changed to Western Reserve Investment Co. and to Southwestern In¬
and
-Total income
fljt the Intercontinental-routes
the
„.
HISTORY
26,854,325 101.836,428
Cr351>109
63,381,751
4,859,891
793,409
AND
REGISTRAR—The Mercantile Nations^
Texas, will act as transfer agent and registrar,, •
the
:
vestment
income
AGENT
*
15,099,240
Drl,959,900 2^2,366,345 2)r9,499,445Drl2,312,425
—
Fixed
Schedules' will
••
fr. ry. oper.-.
ry.
Miscer.
company.
of
2.567,421
"" " 1
4,940,889
95,149;059
5,633,408
99,080,450
16,476,245
49,393,996
824,103
16,401,854
2,738,603
'
UNDERWRITERS—Schneider, Bernet & Hickman, Dallas, Texas,
have agreed to purchase from the
company ail ox the snares now
Offered remaining unsold after the
company has given its stockholders^
the privilege to buy these shares
pro rata.
$
•
cooperation
line,
' •
'
42,240,772
53,901,959
$
39,361,843
984,451
expenses
(net)
Other
Nilert, who has been U.
7,030,789
its. sub-,,
corporation and
sidiarles.
dealers
has -been
(SILA),
line
PROCEEDS OF FINANCING—The proceeds of this financing will;
be devoted to the following purposes: (l) to furnish additional capital,,
(2) to increase the credit limits of the
corporation, and (3) to expand
and to develop; the general v business of tho
1946—6 Mos.—1945
6,922,334
8,642.426
17,729,239
x......
The
shares.
of such
issuance
,
55,411,310 236,800,267 313,168,348
6,091,335
Railway tax .aceritals..
Equip, and Joint facility
.
Per
40,314,919
struc.
equipment...
other
'«
Regular trans-Atlantic service will begin Sept. 21. - Meanwhile, twice
weekly : charter service, is-being operated to relieve the backlog of
traffic and
heavy demands for reservations.
Connecting services to
all the major cities of Europe will be available through the' contlnental lines of the three companies.
..
&
Transportation expenses
-
'
:
revenues
Maint.
1.
Aug.
on
of the
group marks
the first time in aviation
that three nations have pooled their air.^services into-a single
Mr. Nilert said;
1
formation
The
history
1946—Month—1945 ;
$
$
authorizing the
remaining shares of the preferred stock are being offered for sale by
underwriter and, may be offered
for sale by certain selected
dealers, who are members of the N.A.S.D. Inc.
(Incl. Separately Operated Solely Controlled Affiliated
Companies),
Period End. June 30—
tjie United States to Copenhagen, Oslo and Stockholm.,' The agreement
•
"
(July 24, 1946)
Monday, August 19, 194&
♦
the.
cor¬
Southern Pacific Transportation
System—Earnings—
pool
equipment and
regular service from
will
(SILA)
Airlines
operation
joint
ment*
1946,
164, p. 869.
(Scandinair)—Formed
System
System was
Intercontinental
personnel
Electric
,
Pro¬
announced-on Aug. 14 ,by Tore H.
head the group's activities in North America.
The
(DDL),
the
Norwegian
Airlines
(DNL)
and
the
-Airlines
Swedish
'
of
price, $5 a share.
not underwritten.
Southern Colorado Power
Co.—Weekly Output—*
J )
.:*»
B-50
now
being filled for "South Wind" aircraft heaters in¬
Boeing Stratocruiser, Martin 202, Lockheed 75, Army Boeing
and North American P-82-E. and Navy Lockheed P2V-2.
Two
types of "South Wind" automobile heaters
are
also
being pro¬
at a rate of over 2,000 units daily
Mr. Knowlson said.
The
corporation's South Wind Division is' in Inaianapolis.—V,: 163, p., 2999*.
duced
;
(Continued
on page
995)
Volume
164
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4517
Stock Record
961
New York Stock
«»
Exchange
DAILY RANGE OF PRICES
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
FOR EVERY LISTED ISSUE
LOW AND
'
Saturday
Monday
Aug. 10
Aug. 13
I per share
$ per
67%
STOCK
$ per share
70%
70
%..* i m
108%
i/v v
EXCHANGE
*132
—
*1073/4
145
49%
*49%
20%
20%
60
603/4
32%
32
32 Va
133/4
133/4
13%
13%
513/4
52%
51%
52%
130
41%
41%
53/4
♦41
7%
5%
■
70%
50
145
13%
49%
*49
32%
32%
32 J/8
32 %
13%
13%
13s/8
135/a
1,300
51%
51
51%
49
50%
*127
130
61
127
7%
<:
*413/4
61
600
130
20
7
53/4
7
2,300
Alaska Juneau Qnld Mtn
1,200
♦56%
563/4
*66%
56 %
56%
56 3/4
57%
68%
66%
66 %
67%
673/4
57
56%
57%
57
57%
56
•110%
112
*110%
24%
25
25%
1943/4
113
195
.
56%
111
25
5%
66%
55
55
195%
193
193
V
273/4
28%
•106
273/a
28%
27%
273/8
36%
36%
363/4
36%
363/4
36
36
52%
,,
51%
52%? 52s/a
523/a
523/4
51%
52%
107
*106
473/4
48%
34
34
> 107
106
106
*26%
273/a
4
*105 Va
273/a
48%
47%
48%
*333/4
34%
34
34
Alleg A West Ry 6% gtd
6
13
>
47%
33%
122
Allied Kid Co
4%
10%
10%
10%
10
9%
93/4
66
*58
,p>
-1
83
*81%
*61
66
*60
9%
*59
65
83
83
83
84
82%
823/4
47%
48%
47
47%
47
47%
16
153/4
15%
15%
41
41%
41%
15%
■41%
47%
15%
47'/2
15%
411/4
411/4
41
41%
85
85
83%
83%
*83%
84%
*20%
*21
21%
563A
*133
22
56%
56%
*133
135
11
10%
11%
21
56%
11%
100
100%
101
207%
206 V*
207%
703/4
,703/4
703/4
71%
71
126
*123
31
*123
126
313/8
31
•115%
117%
*116
*143%
145
144%
•27
28
27
108
72
83/4
i?
28
28
9
8%
123
46%
93/4
•53%
46%
10
1%
14%
♦106%
•14
2
35 %
♦115
v
93/4
?
2%
*26%
251/4
9%
,
23/a
2
14%;
8%
21%
253/4
21%
8V1
*120
34%
*110
47
9%"
9%
3,900
107%
10,600
102,200
14
,14
14
*14
14%
*13%
*13%
13%
13%
343/4
35%
*115
115%
34%
2,500
13%
*13%
35V4
*115
V.
f-
2%
141/4
*108
13%
35%
115%
114
*108
14
2,400
Hide
Rights.-'
American Invest
Monday
A«*. 12
t per share
Aug. 10
f per there
35%
STOCK
106
*
CLOSED
ft
37
35%
157%
16
''16%
18%
50
I
2C%
20
20
37 %
36
156%
*156
157
157%
16%,
50
49%
49
49 Va
18 V4
18 3/4
17%
18
1,800
16.200
133%
132
133
131%
132
122
120
120%
X40%
64
64
*56
47%
♦166
'
48%
44Vs
44
61%
613/4
198%
93 %
93%
/
•56
57%
700
*25%
27 Va
400
48%
260
62%
63%
185%
61%
62
185% 185%
4,100
185%
63%
44%
36
37 v#
36
198
96
■
170
96
653/4
65%
*117%
23%
613/4
175
;r
11
11%
*76
82%
174
-
66 3, 'a
1173/4
23%
10%
*76
:
600
168
•
:
118%
22%
62%
178
61%
*117%
62
*174%
7,700
6,600
140
66
4,600
118%
300
8,300
105
100
61% A 61
103/4
*76
500
6,600
93
5,900
2,300
3,800
;
174
174
10%
10%
.
82 Va
ft
47%
473/4
47
47%
46
46%
45%
45%
493/4
49%
49%
49%
50
50%
51
50%
51
*54%
543/4
54%
54%
54
54V4
54%
*112 '-ft 113%
*112%
& *59 %
60
*60
21%
21%
*21%
21%
18
18
18 Va
18%
*73/4
8%
61
60
.
21%
19
60
21%
19
*1123/4
114
*59%
A 37%
37 Va i
16%
ft'ft 16
*132 -; 133%
♦161
163
For
footnotes
see
page
r
971.
'-
37% V.'37 %
16
*132%
♦160
16%
133%
163
7%
*37
•
16
,7
38
-ft". 16%
133%
163
7%
207/a
*17 Va
*59%
133%
163
Jan
Jan
V%
Jan
*117%
Nov
40
Nov
91
9
38% Jan
28
5
68% Jan
*«%
May 10
16% Jun
5
Nov
15
Deo
26
Jan
May 22
108
Jan
119
7% Jan
Range Since January 1
Lowest
Highest
I per share
$ per share
32% July 24
17
♦363/4
15%
133
*163
37
i>
157/a
133 Va
ft 164
60
?
ft; ft
18%
7%
36%
fts
15
43% Jun
4
Jan
24
3*
163
July 15
15% Aug 16
17 Va July
60
Jun 21
10% Jan
179
24%
2% Jan
Feb
186
Feb
14
Apr
11%
176
43
50% Feb
July 26
160
Jan
Apr 25
50% Feb
4
27% Jan
9.
43
No par
28% Jan
2
Jan
184
49
100
100
July 30
147
99
Oct
Jan
38
Dec
17%
Jan
31% Nov
32
Aug
44%
40% Jan
41%
153
158
Jan
8
47% Jan
8
67% Apr
Telep & Teleg Co
100
American Tobacco——————^..25
3
Common class B——..25 '
American Viscose Corp——*.14 ?
5% preferred
100
61% Feb
78
117% July 22
121
2t
Jan
29
Dec
31
Dec
Aug
£ 60
Dec
Jan
151
Deo
128%
29% Jan
157
65
Jan
No par
100
90
91%
Oct
145% Jan
161%
Dec
May 28
43% Mar
69%
Dec
Jun
24
116%
y
Sep
28% Jun
5
27
110% Feb
9
3
70% Jun
5
/ 0
182% Jun
5
29
121% Mar
100% Mar
15% Jan
128
July 23
Jan
3
8% Jan
99%
.
26%
Jan
112
Jan
79
f
3
Jan
s
,
fy
9
^ \1
•
;:
90
May
140
5% Mar
Deo
11%
Dec
83
60% Jan
8:
Dec
Nov
31% Deo
:
93/4 Jan
1
25
Dec
65% Jan
9
Feb
104
Dec
63% Nov
196% Nov
Jan
29% Jan
par
No par
Aug
43%
41
100 % May 17
174 V July
26
50% Nov
164
Jan
22% Jan
99% May 21
80% Feb 26
158% Jan
2
100
Apr 10
Apr
Feb
17%
18
200% Jun
.
Amer
Nov
68% Dec
181
Deo
27%
May 10,
185% Feb 26
80 3/4 Feb 26
Am Sumatra Tobacco..—±.JNq pat
Mar
30% Dec
Jan
18%
38% July 11
58% Feb
6
No
Jan
15% Jan
6
172
8
39% Mar 13
Dec
95% Dec
19% Dec
164% Jan
100
—
104 %
75
&
No par
No par
Preferred
13% Nov
80% Jan
16
.———.100
...—25
Dec
39% Nov
142% May
54% Jan
52
preferred—
Nov
19%
1
6
23
4
41
Jan
133% Aug 13
8
10
Jun
$ per share
.Mar
130% Jan
123% Aug
17% Janv 3
No par
21
11% Mar
73% Jan 29
Amer Zinc Lead & Smelt
Nov
Apr. 10
22% Jun
3
60% Mar
153/a
'132
132
*163
164
Anaconda Copper Mining
500
Anchor Hock Glass Corp
100
36%
.-
123
I per share
'
3
41
No par
Anaconda Wire & Cable—.
20
ft;/:
20%
*7%
V.
Oct
41% Deo
24
25% Jun
Feb 25
33% Mar
140
106 V4 Jun
Amer
Preferred
14%
.Year 1945
'
Lowest
Highest
67% May 14
33% Feb
6
550
113%
*17%
7%-ft
45% Mar 21
104% July 16
5
Elec
14% Deo
103
An
15
353/4 Jan
&
*
Jan
Jan
9
44% Jan
23% July 24
39% Mar 4
Wks
Dec
70
41% Aug 13
$6 1st preferred
American Woolen
Deo
-
23/a Aug 14
18% Mar 30
108% July 12
Am Water
Dec
109
3
preferred
10 %
58
Apr 24
26
6%
Jan
47 "'Mar
118
2
Co
109% Deo
66% Dec
28
27% Jan
American Snuff
Mar
Nov
Jun
<■;>
'
7.700
54%
ft 20%
19
7%
::
113%
ft:
6C%
20%
*54
'
8%
*77/s
130
3
Smelting & Refg
Deo
9% Dec
"2%
28
97% Jan
-Preferred
Oct
67
f
20% Jan
15% Jun
88 3/4 Jan
$5 prior conv preferred
47%
1123/4
12% Jan
21
par
Sugar Refining
22%
22
*105
174%
10%
•
.
■■■•■
Deo
149
96
£■
May 11
553,4 Jan
63
26
par
American
200
613/t
*48 3/4
113% T'-y,
Feb
-No
Stove
169
65%
107
54%
1123/4
118
v
July 23
114% Aug 2
v'
47
129% May 15
44% Apr 15
3
—No
1,100
154%
42
156% Dec
8
14% Jan 29
T
Abr
6
28% Aug
3
15
33
par
100
non-cum
Nov
,
10
12% Feb 26
11% Mar 12
No par
American
95%
95
169
66%
22%
82 %
Jan
July 10
23% Jun
21
<Jan
Jun
11% Feb
4>
Jan
1% Aug
6
11% Jan 22
com___No_par
400
197%
*91%
■».,
170
66%
*117%
<
197
953/4
170
*104%
10%
75
<■
95% Feb
6%
•
52
*60%
93
92
ft" 95
23%
-
Jan
127
112% Mar
28
Rolling Mill
10
preferred..—100
American Safety Razor
18.50
American Seating Co
No par
Amer Ship Building Co
No par
♦151
♦76
108
9
1
Feb
99% Jan
conv
153
153
61%
61%
1973/4 198 %
a. 10%
27
110
1*
14
4%%
*50
82%
Jan
Oct
Dec
67% Dec
Range for Previous
Preferred
,
50%
10%
,
96
Dec
112%
199
Jan
10
Feb
164% Jun
American
50%
105 %
176
97
_1 *
San'y
34%
1173/4
40% Jan
150
17
Feb
39.
May 28
Deo
55% Oct
135
Jan
10% Aug
89%
Jun
23%
'■
I833/4 Jan
132% Mar 20
46% July 17
# July 23
No par
$6 preferred
$5 preferred——.
Am Rad & Stand
34%
663/4
1
15
72 3/8
54% Mar 14
ft
.—,,.100
Co
Light
35
62%
175
44 V4
510
News
Power &
35
223/4
63%
"
No
American Stores
;•<*
105%
106
61%
ft
American
Amer
1,800
94%
105
100
38
96 Va
170 -ft
66
*105
*433/4
•166
167%
43%
.
17% Feb
210% Mar 29
32% Mar 15
—1
preferred
38
96%
170
118
23
106
6%
373/4
61%
Jan
106% Jan
10
6% Jan
113
1
Amer Steel Foundries
1983/4
136
80
15% Aug
/49% Nov
&
1,900
93%
963/4
170
,170
118
♦166
,
Mach
43.
198%
Oct
19% Jun
10
111—
——
42%
154%
128
18
50
of
43%
383/b
*60%
94
Co
51%
*50%
25
May 16
14
30%. Jan
3% Jan
10% Jan
No
36
*153
198%
94
48
44 ft,
168
36%
.
.
430
26%
48%
43%
50 Va
25,300
108
'
186
*166
Mar
73/4 July 24
No par
American Molasses Co.—
20
39%107
57%
43%
50'/a
♦179%'
40%
107
26%
48%
303/4
198 3/a
107
14,800
57
43%
37%
:-.-T53..,-:> 153
61%
61%
180
39%
-
183/4
180
27%
*35 Va
;
*179%
41%
48%
63%
184
168
433/a
180
19
18%
57
273/4
185% 186%
ft-; *44
18%
*106% 107
56%
473/4
64%
19%
*179%
41%
X41
48
1
Amer Metals Co Ltd
2,900
107
14
18
30
103% Apr
20
Fdy Co—par
3.90% /cum preferred—100
Amer Mach St Metais
No par
3,600
121
40%
50%
60%
493/4
19%
1,000
1223/4
107
153%
174
80%
19
27%
50
23 Va
'
15%
122%
56%
*151
•105
15%
123
19%
Jan
64% Apr
100
Par
Amer
40
15%
18%
179% 179%
36
65%
1,600
15%'
50
19%
18%
37
117%
156%
,16
133
44%
95%
16
122
S
43
♦168
156% 156 Va
133%
27%
47%
36%
280
37
27%
*35%
600
20%
37
167%
44%
43
v
20%
19
185% 185 y«
*165
2,800
37%
,
88 V4 Jun
27% Deo
Shares
34
1053/4
37%
57
47%
33%
*105
132%
122%
18%
•179% 180
40
40%
107-107%
63%
f per share
34%
35
1053/4 1053/4
20%
49%
19%
133
18%
•27%
I per share
21
*16
2
Deo
41% Dec
,
29% Nov
NEW YORK STOCK
EXCHANGE
the Week
■
35%
105%
38
*156
.
121
57
353/4
105%
37
*156
48%
35%
106%
RiIm for
Friday
Aug. 16
21
-,,37
131%
I per share
35%
20%
Thursday
■■/ft.,; Aug. 15
,
203/4 Jan -;
69 Va Jan
STOCKS
Wednesday
Aug. 14
106 %
106
20%
EXCHANGE
Tuesday
Aug/13 ft
tper share
43
Jan
Jan
Tiling
Locomotive
7S ,preferred
28
11
18% Jan
par
200
43% May
11% Dec
71
Dec
13%
stamped
Corp
115 %
*115
Sep
3% Jan
32% Jan
Amer Internat
-
Dec
35
34% Apr 22
par
100
American
Dec
56 %
v
3;
—
2,900
Dec
104%
3
American Ice————.—.No
6% non-cum preferred
34%
48%
/
Jan
Jan
Deo
/
24% Jan
Leather
&
/ 400,--
■■-■v
t
24% Jan
American Home Products..—..—.!
v
38 Va
Deo
36%
Dec
23.
May 27
Deov
94%
10
preferred
conv
Jan
194
/
10
American Hawaiian SS Co
6%
108
Deo
20% Deo
25
Foreign Power
No par
,%1 preferred—.j.———.—No pat
'%1 2d preferred A
No par
$6 preferred—..
—No par
LOW AND HIGH SALE PRICES
Saturday
Co
Encaustic
American
20%
102%
:
19% Apr 24
45% Jun 10
114
Amer &
100
Jan
303^ July 30
July 30
par
American Export Lines Inc new__40
,
Jan f
13% Jan
1373/4 Feb
'
_
Amer European Sees
1,300
600
Distilling
American
300
.
1121/2
47'
114
14%
35%
,y
34%;
*108
114
Amer
4,100
,
r2Va
<;
14%
1.100
3,300
;
56 Va
1063/4
2ft
16
800
Deo
91
No par
Colortype Co
Crystal Sugar
prior preferred
4Va%
Doo
42%
Apr 25
91% May 29
90 V4 Mar 13
100
American
1,300
8%
124 ;
9%
*51
"
108%
14%
-
*46'ft
56%
500
Jun
74
53% Jun
1
129
Deo
60%
Jan
153 % Mar
39%
Deo
6%
,:.;15% Jan
27% Aug
30
Nov
27
Jan ftftft
18
Jan
July 29
62% May 31
21
100
American
-
-
12% Apr 25:
preferred
No
8%
1
22% Jan
63% May 27
9% July 23
Cable Inc
vf.
56
18% July 23
Jan 21
23
preferred
July 30
Aug
1
Deo
Dec
84%
i
108
57% Mar 13
120
Mar 5
&
28>
39
50
:•
Chicle
28
Jan
75
par
conv
Jan
1
196% Jan
Chain
5%
American
2%
28
1
100
non-cum
300
71
*81/4
83/4
Am
30
1081/2
70%
0
.
34%
*51
115
1%
.
Jan
Deo
66
122
•
.
Car A Fdy——JVo
American
Jan
29% Jan 28
145/8 July 24
Feb 26
No par
Preferred
200
27 V4 ;
271/4
v
*107
122
X107
14%
*27
-
2,500
142*
26%
*46%
55%
14
35%
i'>" wLbb
1163/4
22
34%
109%
2ft
115
<
■
30%
142
*110^; 113%
46%
10
30%
8%
8%
'
55%
.i
124
*114
71
X122
36*
114
46%
-:'
14%
13%
13%
35%
115%
*122%
27
253/4
...
•8%
124%
;
*112
114
14
14%
*13%
1,300
108%
*21%
l067/a
14
693/4
8%
.
27 C
8%
35
10
*106%
68%
,
28
71
9
22
56%
111
T:
14%
114
120
/■;
Jun
78
Co
6%
15%
212% Jun
33
Amer Cable & Radio Corp
American Can
7,300
2,200
31 Va
*107 V
1063/4
105%
10%
101%
207%
117
27
»
72
124%
114
*53
Vv
10%
143%
*27
,
27%.,
108%
*8%
8%
10
57
*30 3/4
28
26%
*453/4 -.46%
105
!03
Brake Shoe
;
...
Mar
50
«%*-•■; preferred --1„;
100 3/a
125 Vs
143%
*21%
353/4
*112
113
♦111
Am
■
39
Note..—.—..—to
preferred
6
61% May 28
Apr 25
79
American Bosch Corp——1
100
1,300
206%
70%
*1143/4
71%
>,
■
125
35%
31%
27%
28
♦123
.
35%
11%
*122
116
*107
8%
8%
123
♦343/4
20%
56%
135
101
70%
145
\ *27
22
27%
126
30%
713/4
21
20 Vs
*133
207%
*206
116
108
8%
83/4
21
207'/4
71%
144%
28
713/4
72%
20%
31
117
*107
Bank
6%
'
27% >27%
27
♦107
10%
101
101%
*123
:144%
P; 27 £
:
101%
American
30
Jan
82
28
ft
Airlines
1,700
Jan
89 y4 Jan
/
7
8% Apr
64% Apt:
Petrol Corp
No par
Agricultural Chemlcal.No par
.American
84%
56%
135
♦133
11%
*206
21
Amer
1.000
18,200
38%
ft 08%
8% Jan
46y4Aug 16
31% Jan
5
Amerada
1,900
■
8
Mar 30
12% Feb
26
453/4 Feb
50
'
135
11
100
40
*83%
57%
56%
83%
47%
15%
40
84%
201/4
56%
*133
83%
Nov
21%
51% May 27
;
2
Feb
103
...—No par
6 % conv preferred
Deo
34%
Doo
26
Amalgam Leather Co Inc——.1
3,800
61
471/4
153/a
v
153/4
*83%
21
56%
135
i
207%
,
9%
9%
'
66
47%
Apr
5
No pat
Alpha Portland Gem.
300
Jan
17
113
No par
Mfg
32%
22 %
25
33
Deo
1
3
No par
Deo
Deo
3
Jan
Mar
17%
35
21%
28'
Jan
21
preferred—..—..100
Allls-Chalmers
8,800
Apr
13V8 Mar
593/4 Apr
$.v
22% Jan
,
Jan
38
e
_
Allied Mills Co Inc
9%
25%
135
3
185% Jan
Allied Stores Corp
1
105
1
Deo
20% Feb
9
66% Aug 13
-No par
Jun
114
Jan
413/4 Jan
6% Aug
6
31% Feb 26
.
10
♦61
Jan
Feb
60
68 % Jun
V
July 24
Aug 16
49
116
24
May 28
243/4 Feb 18
4
31% Aug
100
Allen Industries Inc
Allied Chemical St Dye
,.200
46%
33%
■
——
7.900
-
107
*105%
;
Corp
High
111% Apr
X50
■
:
100
1,900
36%
51%
106%
47%
34%
*333/4
*27' :.;
:
36%
48%
48
i/44% Jan
52%Jan;
1,600
3,000
19
26
July 23
5% Jan
800
-
'
36
12% July 23
1
...
25 t
*24%
-
3,400
2
30% Feb
pf A with $30 war
100
$2.50 prior conv preferred-No
par
; Algnny Lud Stl Corp.
No par
600
'
'
Jan
ft; 19
5 Va %
1,400
;
.
112
25Vs
195V4
55%
•111
./• 114
Jan
May 13
jn
.
preferred
Allegheny
24,600
661/2
'
4% %
___
5%
55%
,
68%-^
56%
25
197
56'A
,
•111
196
196
113
25
"
25
195%
»
40%
102%,
5%
*67
563/4
lib
Aldens Inc common."..—5
40%
5%
4
iya Aug. 13
169
Highest
Low
84% May 13
10
Address-Mutigr Corp
10
Admiral Corp.
1
Air Reduction inc___
.—.No par
Alabama & Vicksburg Ry
lOu
6,000
r
12
2.50
*127
>
423A
53/a
127
7%
53/4
*59
Co
ftft*'v-:>ft
112
100
No par
Lowest
v.
% Aug
7
106 Va Jmy 11
Adams. Express ——
1
Adams-Millis Corp
No Par
1,200
14, '•
51
>•
603/4
32%
13%
preferred
ACF-Brill Motors
Acme Steel Co
1,000
3,600
61% Apr
Xear 1945
Highest
High
;
.
Abraham & Straus
1,300
49 %
20
19%
*100%
5%
"ft**
ftft^ftftft.—
.
135/8
60%
.
Rights
41,600
*126
20%
*59
Abbott Laboratories com—lNo par
*107%". 108%
14
20%
20%
12,900
'
145
*13%
49 %
Lowest
Par
71%
-
Range Since January 1
,
Shares
108%
ft/ft *130
7%
42
EXCHANGE
313/4
603/4
*127
7%
*107%
14% ft
-
71%
Range for Previous
NEW YORK STOCK
„
108%
*133
20%
130
69%
Sales for
the Week
(per share
.■
145
60
7
..
108 %
32%
*127
72%
14 ft ft- ..ft'ftft 14
Friday
Aug. 16
fper share
71%
,49'/a
50
20%
Thursday
Aug. 15
$ per share
71%
iv8
.14
50
r
'
•132 A
14
20%
,v
PRICES
Wednesday
Aug. 14
share
i
145
13%
SALE
ft
*1073/4
♦1073/4
CLOSED
HIGH
Tuesday
Aug. 13
ftft
1,100
—
$4
Anderson-Prichard
Oil
Archer-Daniels-Midland
13,700
.
Corp
A P W Paper Co Inc
300
».
Andes
300
Copper
Armour
& Co
4
51% Feb
6
29 Va
Jan
45 V2 Mar
4
60% Jan
14
38 Va
Jan
Mining
of Illinois
500
$6 conv prior preferred
300
7%
preferred
12.50
40
Feb
28
62% May 28
No par
preferred
Anderson, Clayton & Co
400
r-t
43 Vs Jan
50
No par
112
Feb
28
*114% Mar 21
43% Jan
7
21%
10
20% Aug 16
5
163/4 July 31
73/4 Jan
8
No par
26% Mar 22
20
9
No par
100
x64 %
:
*12% Jan
3
122% Jan
10
24% Jan
109
July
'49'
•
Nov
57% Deo
45
Deo
113
Dec
38% July
July 11:
49% Nov
12% Aug
4% Jan
23% Nov
273/b May 27
rf;
243/a Feb
8
103/4 Feb
5
40% Jun.
3*
18% May 28
139
July 18
172
Jun
25
:
9%
Nov
23%
Sep
30 %
Oct
6%
Jan
15
Deo
102% Mar
127% Nov
111
141
Mar
Nov
,
THE COMMERCIAL" ft FINANCIAL" CHRONICLE
Monday, August 19,
1946
NEW YORK STOCK RECORD
I per share
-
1
I per
58
107%
57%
57%
107%
STOCK
*28
EXCHANGE
V
share
$ per
;
j57%
*21%
22
147
*144
<147
138%
138 V,
-
*138
29
29 %
♦138
*57%
100
28
100
Arnold
600
28%
27%
.
141
141
*144
30
„
113%
114
113%
119 Va
119%
23'A
,
23%
*23%
23%
•23%
23 Va
23
72%
X71V4
71%
69%
70%
*69"
44
44
*42
43
85
*83Va
85
100
•-
45%
>60
*122
109
30%
30%
74%
•
75
124
36
20
19%
20%
♦19Va
23%
23 V4
23 V4
10
30%
30%
30%
31%
29 %
29%
3,900
9%
'9%
9%
9%
15,400
58%
*55%
58 V2
1,600
,
*56
31%
31%;
30%
31
34%
25 Va
23%
24%
23%
33%
*23
"24 "
'
35%
33%
33%
*23
24
*23
♦83%
63%
37
61%
*36
84%
63%
64%
;-./' 83 /
61%
36%
84%
*83
36%
*36
;;:/>
•55%
X30 Va
30%
"27%
28
•/ *56%
/ 58'
•
/ 64
/..58
•
;
*62
;
;
1
61%
117%
107
117%
/117%. 118
*105% 107
*105% 107
.
t
21%
^42-
^41
25%
'25%
*27%
'*110% 112
*110%
112
31
31%
*•111% 112%
*111% 112%
39%
39%
/
40%
30%
112%
112% 113%
167
167
30%
30%
55 V2
>
29%
30 ya
27
27%
12,300
2,100
56
56
61%
60
£'.)V
•>
.
22%
Z/41/ZT.
25%
27;
32%
30%
3
«Jan
51%
28
v
■
*71%
41%
72%
-41%
26 Va
26%
71%
71%
*41
26%
41%
*72%
72%
>26%
41
71%
*
41
26%
30%
55%
27
31 Va
32 Va
42%
Foods
31%
31%
55
55
55
55 V4
39%
*37%
51
.
•nil
29%:
59 Va
59'/a
; *66%
.68%
'
40
-
,"52
Shoe
Aircraft
75
mJan
...
•
29%
30
52%
40Va
r527/a
.
*59 Va
53 * '
107% 107%
*7% •
7%
*56
58Va
"24%
24%
24%
25%
92
90 ' '
90
17%
17%
17%
.
1
68Va
*90
/V; 17%
56
447/a
44
56
/
24%
53
Jan
-
Jun
44%
Nov
May 24
12%
Jan
23
Jun
88
Vx Jun 17
57
9
"
'
40% Jan
25
56% Jan
par
/ IO6V2 Jan
100
100
preferred
116
104
73
Feb
21
3
110
33%
,
•
>' 56%
■
33 V4
•
30% • •"31%
>56% V; 7 *56W 56%
s
*112Va 113
33%
-42%
33 Va
44 Va
*41
*41 Va
*108% 108%;
33%
-
34
•V-.21%
45 Va
' 21%
96%
*■*34
97
'34%
17%
Dec
43
Jan
15
35
Aug
42
Dec
7
142
Jun
25
114
Jan
136
Dec
19 y4 Mar 14
.8
tLoan..
Indus
Vn
par
$3.25 §er of 1946-No par
Best & Co.
Foods
....
Bethlehem'Steel
1
....
(Del)______iVo
22
Feb
•
93%'Jan
149% Jan
18%
lOVa
•
111
10Va-
168
92
92v
,92 %
>
'
33% ' 34%
111
;
?-x
6%'
-'26%'
'./.> -109% 109%'
:
- 34V4
84%
..
i.
*109
6%
111
6%
26%
6%
27%
27
*34
.
,
<27
;
*36
40 Va
27.
'
*34
LOW AND
Monday
I per share
.
1
Aug. 12
f per sharer
'41%
STOCK
54%
4%
EXCHANGE
CLOSED /
*
8%
4%
* 8%'
41%
:
,
•
8%
33%
*33%
17%
17%
17%
135
•
135%
17%
11,000
570
*67%
17%
68
;
(-
.500
4,100
2,200
240
1,460
33%
:
6%
.
800
*109%
110%
;
Bullard Co—.
.4%
/
preferred
100
3%% opnv 2nd preferred——100
33%
:
? '40%.
*54
8%
/ 33
,
17%
./
:.
Term
Butte
v
135
*133
•56
Z 56 :•
,
32%
/ 17 ;
135
-
*133
56.'■
*55%
133%
.17%
57
*17%
17%
17%
18%
/
*,
68%
68%
Z
68
*55%
133%
57
133%
*
*55 %
26
♦54
~
"For footnotes
see
57
/
26%
55
page 071.
/'
133%
*55%
57
25%
26%
26
55
55
♦54
•/:
57
%
*17%
57
;/
*55%
133%.
133%
56%
17%
♦133%
57
.
:
56%
26%
55
,
25%
,
:
^
J
-
*
v
/1
i
*
-
1
,
-
(
Apr
453/, May 28
40%
4%
f
40%
*53%
;
543/a
13Q
8%"
-31%
17%
17
*131
/
8%
17%
6,100
■134
50
56%
*55
56%
18
18%
68%,
67%
68
18
57
:;/;*i7%
••'■. /
»
*55%
54%
25%
25V4
57
/
54
10
i
42,900
>2,800
173/4
57
'
/>:/
/
/
55%
«
■'
257/a
'../
•■■54
>
240
-
900
'1,600
300
—;
Zinc-Lead_——
&
Hecla'Cons Copper
.Campbell W & O Fdy
Feb 26/
Feb
•
,
Southern'Ry Co
Canadian
Cannon
Pacific, Ry-.
Mills
i
—-No
.
^99
series—j
Dec
Dec
52% Nov
Deo
36
Dec
112
Nov
:
35% Nov
i
23%
Jan
40
12% Mar
120
Nov
20%
45% Feb
2
22%
j
128
Jan
Dec
Jan
Nov
37%
Oct
<108V4 Mar 28.
Dec
Dec
111%
Dec
20%
Dec
.
July 24
111
Jun 20
119% May 27
101% Aug
1
16% Feb 25
9% Aug
v Jan
90-
Mar 22
105 \
Sep
102% Aug 16,
21% Jun
13
13%
15% Jan 29
7
Jan
7% Mar
/LOO f Apr'' 41
75% Jan
2
'98 - May 31
39% May 28
25% Jan
4/
107 ;Jun 28
110
May 15
-
•
10
•>77% Aug
Jan
3
105% July
3% Jan
24% Jan
x
3
99%Jan
2
6
•:
"
-
9% Jan
:
59% Mar
14%
6
Jan
87
112% July 11,
40
Jan
15
3§Va Feb 16/
29% Feb 26
;Aug
22% Mar
May 28/
'
15% NOV
05 / NOV
81
NOV
27%
Dec
110
Oct
7% Dec
28
Dec
101%
39
Feb
Nov
\^y
-/Lowest.
.--.:
7
7
50
Dec
19%
Jun 25
/
'
•
Range for Previous
Year 1945 ;
>Z
8% Jan
25
•
52
12% Jan
•',
18
147
'58
17% July 24
>62% Feb
16% Mar
55
26
1
Jun
26
126% Jan
2
45% Mar
5
34% July 23
53
July 30
'27%
43
Deb
Sep
68
Apr
4
Dec
9%
Nov
6V4
>20
Apr
Mar
32% NOV
July 30
113%
May 29,
Jan
22% Feb
21V4 May 29
59% May 21 /:
137
May 23
61% Jun 17
34
Jan
30
•60
Feb
4
Feb
128%
Dec
47
Jan
56
>10%
Jan
20 %
Dec
>48%
Jan
72
Nov
Jan
21
Mar
„'• 56
Oct
Jan
135
Nov
:32
Mar
49
Dec
,21
Jan
7 /
16
•:' 73% Apr 22 /
>
Jan
1%- Jan
28
40% May 29 h
6
Highest
t per share
,:52%
8
Apr 10.
7%Febl6
May 24
Mar
4 per share
share
47% Apr
,
16% July 23
124
Lowest
7 88
7
Feb
x30
-
Highest:'
per
3
—
Preferred A%
80
39%
Jan
class
37%
Jan
42%
"Jan
A—1
$3 preferred A
10
Carolina Clinch 6t Ohio Ry^.—100
-Carpenter Steel Co
—.5
Carrier Corp
10
Administration
10%
59% Nov
20% July 22
3VaJan
par
Jun
Apr
Jan
46% Jun 11.
39
100
23
Oct
Nov
59% May 29
.54
Dry Ginger Ale .Inc—1.66%
-$4.25 preferred
1—1
No par
Dec
55
25
par
-—No par
Ap'r
Dec
%
35%
'
Range Since January 1
rl
8
45%
106 / July
21
Jan
f
3
22% Jun 13/
107.
<
Canada
Canada
Capital
•
134%-/ *•>133;/.: 133%
56%
700
^
preferred—:
Calumet
3,200
32 Va
5%
Callahan
40 %
37% Mar
Feb
21
60
California -Packing—..-.—No
/
ro.Ioo
67%
17% Mar
STOCKS
NEW YORK STOCKEXCHANGE •
'
Apr
47
23."
25% May 31.
t per share
1,200
^
•43/a
*
■
4
Dec
Dec
>«10% Mar
38 V2 Apr
108
•
100
.No par
Dec
78
109
110% Mar 18
r
2 V
Jan
May
3
38% Apr 22
i
38
-.
Participating preferred
Byron Jackson Oo
Dec
23% Aug 16
•
^.Shares
18%
18
*17%
-
35
-
(A M)————-No par
Byers Co
the Week
*54
32%
,
Sales for
•.
'
>
134
*55%
•
"
•*17%
4%.
8%
8%
17%
rrttof
Aug. 16
j per share
'54%
4%
33%
& "Zinc—'
34%
Ffeb
5
1
26
-;
8
Copper
Dec
Dec
3
70
95% Jun
common.——-10 /
preferred—100
4%%
300
v
40%
i
54
8%
17%
*55
.17% /is '/■:
67%
68%
"*40%
4%
42% Jun
'115
Terminal..—.—..—^/——1
Butler Bros
42%
42 V4
28
.7
16% July 23
-
'Bush
32%
112
Jan
36%
.
'
I per share
40%
54%:
.*
4%
53% Jan
.
18% Mar 14
^wv——100'
Bldg 1% preferred—100
Jan
24% July
33% Apr
>
9
10
120
preferred
——100
Burroughs Adding Macli____No par
preferred
Dec
52%
<
16
31% Feb
"3 Vi%
Bush
Dec
25%
95
May 14
20% Feb
28%July30
■
38
Jan
Nov
49%
-
5
35% Jan
''SVa F*h 9A
106
Jun 10
•
72% Dec
Jan
20%
9
109% Jun
—.No par
Xnc...*..»^—^5
Dec
Jan
■
May 3.1:
91
42% July 24
30.
July 23
J:./..No par
Bulova Watch Co';
3
34% Jan
3
"110
33%
64
21
25
10
.
.
••'.
Dec
13 Va
155
'
-8
Burlington /Mills Corp commew..—1
98%
23
107% Aug 12:
11% Jan 23
15% July 23
par
Co..;
Forge
28%
J an
48
*
Apr 30
23% July 24
Jan
•
Jan
6
72
30% Jan
1,100
27/
r
Mar 18
Aug
65
10
61% Jun
26
104% Apr
-
110
/
6% July 24
.51
com——15
Co
Jun
.1
;
Thursday
Aug. 15
f
9 pen share
Inc
Co
$5 -preferred
Buffalo
.200
.
.<
-
106
:
Buff Nlag El Corp $3.C0 pfd--—100
200
;
*
PRICES
Wednesday/-/
IAug. 14 t'■/:/i
,
135
.'I
56
17%
-
.4%
8%
34
'
::
,41%
-54%
*54 -v
/'/ 4%
33%
*55
-
'•'# pet tthar»
41%
*54
://: Aug<-13
SALE
HIGH
/.- Tuesday
26
7% -preferred—100
Budd (The) Co Common
No par
y-
Saturday
••Aug. 10 J;.3
44% Feb
J
...^._100
Bucyrtw-Erle
1
26
Shoe
Brown
20
116% 110%
-
preferred
cum
3,700
130
*26
A
Dec
17
*
69% July 9
48% May 13
57 % Apr 22
■#.%.
44% Jan
5
20%
100
27
?36% Jan
Corp—
Jun
73% Jan
lo
Dec
35%
10
112
.1
(The)
30
Nov
127
'
58%: Mar 13
■
Jan
18% Jan
114% May 22
xl08% Mar
35
Mar 26./
17% Apr
104% Jan
Brlggs &r.Stratton_..._^....No par:
Bristol-Myerc Co New
i
2.50
3% % preferred..
100
Brooklyn Union G08M,./M..rfNo par
'
-6%
8
Dec
63
19%
60% May 10
1
Dec
109%
Jan
22% Aug
16
58"
r
:
2
Boston &-Maine RR (assented) .100
Bower Boiler Bearing
:;/-//f "'; v
: ■ -/'/*
'• i'U/".
Branlff Airways Inc
2.50
Brewing Corp. of America
15
Bridgeport Brass Co
No. par
Brtegs Manufacturing...Z..No paf
127 "
1,100
; 6,600
33 %
Biass
•$3.60 preferred ...........No par
35
♦108%
6%
A
Bfuns-Balke-Co3iender.-i.-^No
,
110
Co
i3% %
200
^93--
27
;/HQ%. 110%u;
i35% 35%
3
25% Jun 25
57% Aug 6
class A„.jNo par
1,900
107
23% ' 33%
6%
Ami Co
31 Va
97
*108%
6%
26
Dec
*
41% Jun
July 24 '
Feb
109% Jan
.
Bona Stores Inc common..
100
HI
-93-
.
34Va
109
6%
109% >109%
4
.
95
z
109
51
v
■
33% Jun
:
29
&'
/
30% Feb
38% Jan
,fi
par
per
108%
•
52
*95
,,
,
'v 34
-
9%
97
No par
Boeing Airplane
3,700
24%
110
*109
18%
9%'
preferred
conv
.BJumenthal •Ar Co preferred_j.._100
600
,
"97;; '27%
*106
,*95,.
$2.25
'
35
6
Mar 22
'
24%
29% Nov
47%
83% Apr 10
46
May 31-
•
2
21
25% May 16
Bliss & Laughlin Inc
Bloomingjdale Brothers ......No
1,900
;
*101
101%
18Va
18%
"9% - "9%
'
*93
23% -34 '
*109
3,400
.33%
*34%
101%
/
.
200
55 %
*106V4
111
'*
97
.92%
.
1,700
11,500
42%
51%
24
109Va 109%
18%
*10 *
*95
42%
v
,
17%
*101
.18%
*9%
'
.
20%
•125
31
27
33% Jan
22%pJan
:
par
COw^—
Bohn Aluminum
100
:
33%
*39%
'
(E W)
No
Bon
500
•x
113
:33%
*108%
*109V4
;18%
97
*95
'
111
:
.,
/
Co
Borg-Warner
45
55 %
40%
24%
.Bliss
100
23%
*32%
*112 Va
35
"36
106% 106%
54
24%
*100% 101%
"
*52 >
:
.
8%
18%
44%
:• '21"21%
;*125% 127/
17% ""17%
"97% v-97%
97%
42%" 42*%
'24%
*109,109%
101%
18%
•
*
43 f'
,53 V:
24%
111
96%
63% Feb
par
..No par
Black & Decker Mfg Co
Borden
95
17%
*108%. 108%
31% '32%
*35
36
.*106% 107
BigeibW'Banf Carp lncMMM^.No
May
Aug
103% Sep
52% May 10
31% July 11
-114% July 31
2
Jan
12%
•36% May H
112% Aug
3
100
12%
-18
17
•
26
par
preferred
,
110% Aug 14
31% Jan
2
1
Blaw-Knox
Apr
10
8
2,900
^59
*87
33%
*40
41
20%
21%*125% 127/ /
17%
17%
,
53
43.
101%
:
107%
f
-
108
,
34%
*106%
24%/25
*109
109%-
'*
•
c ,96% ,97%
.
151%
50%
.
126%
17%
18%
f /
43
•42
>
X40%
-21
*125
33'/a
33%
/
9%
Jun
17
1%
Dec
Jan
Jan
Jan
Best
55%
110
39
Jan
,
Nov
8
58
2,600
•
Dec
30% Apr 25
112
2,700
51
Jan
Dec
47
•
May 8
44% July 25
28
Jan
7
Beneficial
Feb
24%
127
No par
2,000
51%
23%
95
18% ?18%
7*4%
45
32%. 33%
55%
55%
*112% 112%
*108% 108%
33%. 33%
.33%
20%
-
r
36
'■
107 Va'
,
-*106%
42
33%
'
17%. .*17%
*■
33%
*108% 108%
•
*124% 126
-
33Va
33Va
1
*57
24 "- " 24%
30%
32%
>X55%' 56%*.
/ -112% 112%
.
*U2%? 112%
•
.
36
X106
Dec
25
Aug
32 Va -Jan
107
.
Jan
14 %
May 23
Mar
54
Dec
16%
•
Dec
Dec
20
Aviation
400
,:39
*7%:
,8
•:
81
52%
50
Corp
110
*106%, 107%
59/
*89
17%
"
.
39
r/ 51%
50%
51%>51%
^106% 107%
8
'
52%
■>
18
119
July 5
118% July 18
Aug
147/8Jan
>1
i,
>
Mar
29 V» Aug
63% Jun 17
31
.
100
Bendix
5.100
/
.
*57
/•
60
52%
95
17%
44%. >44%..
-
,
66
«'
May 16
May 23
par
No
Dec
28%
Jan
39% Feb
I
35%
Jan
Apr
30
111
68Va
40
25%
*89
60
*66%
39%
Dec
Deo
19%
37
700
?8%
*110
52%
•
28 %
111
59
*110%
40%
40%;
'52 - ''52%
V
51%
53%
*106% 107%
'
7%
7%
>56%
58%
7%'
7%
'
"
1
29%
63
24% Aug
28% May 13
35% Jan 28-
100
-
•
111%
v:
60
60%
110%.
*66Va
67%
' -40% '40%
52
52%
' 52% r53 *
*106% 107%:
'
28%
Z '
38
52
*111
Dec
Dec
/
"11%
64 % Aug 14
41V2 Jun 12
'
55
,
38
*43
iii%
10%
30
36% Apr 26
32% Apr 20
"
fin
29
Jan
16
July 16
"600
54
Dec
20% Deo
47% Jan 28
Mar 13
400
30%
*
10% Jan
Dec
Dec
27%
5o %
23
,700
55
94 y2
130
Jan
Jan
2
26
4,600
•
.
*69
39
Jan
Jan
5%
10
3,000
2,100
/ 800
' 53
Nov
277/a Deo
.14%
.
.)
5,300
•
111
167
40
>
29
20% Jan
RR
Howell
/; Cum pfd
'5,000
•26
55
120
Jan
113;
:
83% Feb
:
Apr
60
Co
3,600
2,600
25%
*49'-
•
*,
.
44%
■
3.
21% Jan
pfd—
Corp
&
39%
*38
/
53 t
Hp/
32% Aug. 14
14% Feb 16
,
3
10
No
4%%.
Aircraft
26
110%
110%
66%
'
"
in -ill29%" 29%
,
61
*110
39
**50
3:
1
Beldmg-Hemlnway
30
31%
*38
-
:
29%
*59 Va
110%
>
,111%
,*in
29',
•110
*
'
,
.111%,
"29
'
'
55
39% -39%
.*51% "53
1
51
31%
'
Dec
37% Jan
3 *
July 23
July 24
50
Co
conv.
Bell
-
731%
42 Va
May 28
May 13
38% Jan 30
10
Inq
Bell
25%
,•
Nov
25% Jun 10.
23% July 23
.
3
Aug
9 '
56
100
cum
Beech .Creek
,
30%
30%
167
72'/4
Nov
83%
30 V4 Jan
Corp
500
43%
*110%
39% "40:
45
Sep
30 y4 July
-18 V2
•'
"/
Dec
Feb
71 V»
18
5
Dec
,24% Deo
3<%
40% Aug 13
14% Mar 13
120
9
17
.21 Va Aug
26Va Jan
113ya Nov
83 Vi
130% Jun
110
12
Jan
Jan
34% Apr
25% Jan
Nov
52% Deo"
48 Va
97% Jan
July 29
Aug 6/ .135
Jun
66
119
139%
May 24
94
.
Jan
20
49% May
26
:
Jun
.5
Works
1,200
45%
*110% 112
167
83
Nov
.101 / Jan
13% Mar
// 4V*% preferred,
45 Va
31%
.*166%
'
Dec
14~0
Mar
76%
25
Ve May 28
28% July 24
/
....
2,000
.
112
*110%
llOVa 112
167
20
22%
27
'41% ,42%;
Jun
29
19%
Nov
Jan
*0
May 31
125
21% Apr 25
32% July 24
20% Feb 25
Beech-Nut Packing Co
25%
•
121
13
Corp
preferred.../..^
Beech
138
22%
46
/
32%
Hi
•
24% Feb
50
3%%
Beck
2,100
•
27
112
May 29
Aug 12
58
6
100
$4.25
•
.
:—
.
41
*132
*110% 112
' 113%
?
21%
26
*110%
Beatrice
j
30
22%
/./ 45%
148
59%
Jan
113
'
21
July
10,
May 21
100
Co
Oil
Iron
,Bayuk, Cigars
HM,«
27
,
Bath
1,000
107%
Works...
preferred.
Barnsdall
300
.
26
r
/; 4 % %
0
■
21 Va
>
20
:
60
*106
"
22
:
118
*117
107%
1Q7%
80
,
?*--7
J
138
31%
30%
167
*53%
30 Va
■27 %
>42
40%
112
167
30%
Brothers
*41
457/a" 46%
"32Va- 32Va
110% 111%
39%
Asphalt
*132
42
138%
25%
45%. '46 %
31%
32%
mm—+m
Barker
*106
X27
45%•'
I
,
Barber
21%
22%
26%
27 y8
*109% 111%
24
Locomotive
400
,118
.,118,.
Dec
30
Apr
9
32% Jun 14
14
No par
preferred
Bangor & Aroostook
/(Cony 5% preferred
.5,300
■-/"
Nov
42 V,
153
26
115% Jan
/»
4%
36%
58
<Tbe, Z
Baltimore & Ohloi.
9,700
■3,100
62%
*106
•' 22%
237/a
33%
*22%
Baldwin
6,500
.
83%
U
...
Op'
108
X29%
2
2
106 % Aug
100
preferred
conv
36%
*60%
.
$2.25
83 %
*117
*117
21%
*41%
45'%
1
-
*135
28
111%
100
50
of
Nov
Jan
81% July 24
33% Feb 23
..25
w
Corp
60%
••••-
118
118
>■
21%
26
28
*166%
Co.
Aviqr.ton
37
55%
;•
Highest
$ per share
11%
July 23
37
-
100
t per share
10fi%
'65% Mar 15
Automatic Canteen Co of Amer_—5
84
*56%
*105% 107.
42
'
:.
*105% 107:
/
*135
"138 '
23%
22%
22%
25
*117
*117
r
22%
22
138
;v 22
*37
22
1N0 par
63%
:
„
54%'
/
:V
61%
*10413 / — t-r ;.>ti07J3
*10413/'/mm
*10712
'
Autocar
Feb
115% Feb
.
Far
preferred____„
conv
>
'
.pref series A
29%
58
"56
30%
*27 Va
ju.100
.—10
No
Refinlng__^.„„ww».
conv
27%
56
30%
27% - 27%
*55%
"*135
900
r>
.30%
:
33
.
23%/
'
Lowest
//,: ;/ B s
30%'
24%'
.31%
*24%
34
S>*41
96
.Austln^• rNlchols—pa/
Conv prior pfd ($1.20)
No par
1,400
30V«
'•
10U
Alias Taclc Corp
4,200
0
30%
30%
Year 1945
//
36% May 28
-
Jan
3
"Feb 27
48
3.60%
4%
800
32%.
'
21%
4%
Jan
133
—No par
preferred
>non-cum
Atlantic
'
180
*31
23%
18
131% Jan
"
30%
J*105%
75%
*122
33
21%
.9%
Range for Previous
\
.65
May 31
112% Feb 13
e
23% July 21
,/„l
preferred series B__i__lOo
-5,700
.Atlas Corp
——fn,T //jit
260 V .Atlas Powder-..^./..*...
par
124
23%
^No par
new
26
23 Va Mar
<8s W 1 ES Lines
>5%
130
30%
/
74%-
-
//
33
30%
.
.
.24 Va
*116
30
'
Atl Q
100
123
51% Feb
preferred^Ww-»./.w^.-XO0
Atlantic Coast Line RR__
4,500
♦107% 109
124
X3t%
60
*
123
*107%
76%
;
44%
*122
/
;r.
,,
:■$ per share
107% Aug 12
.-_8
Atch Tope! a & Santa Fe
5% preferred
AT F Inc—.—
5,500
■
69 V2
•
37%
•23%
31
10
;
120%
23%
'
44
45%
3,400
300
112
par,
/pdn
Corp__,„
Assoc Investment Co
200
*
123%
•
x37 %
21
9%
45
46
75%
-123
*83 Va
-
31
22%
131
31
'
.123'
21
20%
30%
120%
30%
22%
r
120 Va
109
39%
38%
*119
86%
*122
76%
123
76%
*121
111
♦107%
31
30%
113 Va
43
*82
86%
•45%
46 Va
121
121 'f
107%- -108%
*81%
112
120%
43
44
*41
114%
*119
J
Highest
fper share
l%.2d preferred///.«.//w/..100i
..
700
300
72%,
"V
6%, 1st
,
577/s
/ 577/a
—No
Corp...
Associated Dry-Good3
3,500
141
59
ConstPble
par
.
Artloom
147
*138'
1
*57%
59
Lowest
Armstrong Cork Co—
$3.75 preferred
58
58
(}%\
Range Since January 1
.
21
*27%
*20
147'
,
1,500
v
*107% 109%
:
<*144
-
-
STOCK
EXCHANGE
-.
Shares
57%
' / 57%
21%
20%
*
29V4
29 Va
29%
29 Va
*145
* 28"
28
22
*21%
CLOSED
$ per share
•57%* "57%/;
*107% 109%;
110;
NEW YORK
'
$ per share
28%
Sales for
the Week
Friday
Aug. 16
r
Aug. 16
share
*106
»
v
Thursday
Wednesday
Aug. 33
Aug. 12
Aug. 10 ,/•''
/ //
Tuesday
Monday
Saturday
HIGH SALE PRICES
AND
LOW
;:ll
'
-
52
116%
-
Dec
Dec
33% Nov
.Volume 164
THE COMMERCIAL & FINANCIAL CHRONICLE
' Number 4517
NEW YORK STOCK RECORD
LOW
% per-share
Aug. 13
;. •/•
t per share
$ per share
7
STOCKS
5
">
'.Aug, 15
Aug. 14 :; :
-7
Sales for
Friday
Aug. 16
Thursday
Wednesday
Tuesday
Monday.
Saturday
"Aug. 10
PRICES
SALE
HIGH
AND
Range for Previons
v,
NEW ItORK. • STOCK •vv'/:5
••
Range Since January 1
EXCHANGE
the Week
:
-k
Year 1945
Highest 7/
Lowest'
.
Lowest
Highest
'
t per share
$ per share
$ per share
Shares
;
,
Per
.# per share
$ per share
$ per share
\
t per share
'
•8%
*
STOCK Vv
169
>•8%.? 8%
-6%
48%
EXCHANGE
"47%
170
,
170%
7*72%- 773%
7l%
72% :
107 %
73%
159%
159%
31%
22 :;ft
23
23%
16
32 %
16%
22%
16%
10%
10%
113
*111%
24%
16%
10%
10%
7*34%,, 36%
15
15 %
37
37
*18%
19%
'45%
•'45%:;
24% ; 25%
24%
25%
35
35
19.
45%
;
35%
*35
55%
55%
57%
111%
111%
*111%
24%
61%
9%
16 'i
16%
16'%
13%
14%
13%
10%
!'
9%
9%
9%
9%
16%
8,200
Central.
4,200
Central Hudson G & E Corp.No par
Central- III Lt 4%% preferred—100
10% July 23
110% Jun 20
Cent N Y Pr Corp pfd
101
10%
10%
10%
i
*112
113
102%
.*14%
.14%.
15
*35
.
43
43%
2,406
24%
24%
24 Va
24%
10,700
36%
35
35
58
58
'23%
23%
23
24%
v\ 61
60
61%
1
;
;
"
*9%
9%
9%
16%
16%
16%
<16%-
13%
13%
13%
13%
13%
12%
10%
11
11
10%
10 %
19%
19%
19%
10%
18%
10%
19%
19%'
18%
18%
*13%
13%
13%
•14%
•14%
14%
14%
14%
13 %
1,000
1,400
2,200
.
7%
7%
*6%
7 V4
23
23%
23
23%
23%
24%
22%
23%
22%
22%
C«3/4
57%
58
58
59
57%
58%
57 Va
57%
27%
27%
27%
28
27% ' 28%
27%
27%
27-
•27 V4
3,800
5t>74
OV
%
56%
57
56%
57%
56
57
55
55
2,800
*30%
31%
30%
30%
30
30
29%
29%
29%
29%
*56%
57
57
s-
*56%
57%
*57 V4
*56%
57%
63
*61 %
62%
*61 Va
62 Va
*19
20
*19 Va
20
22
*20%
*20%
12
12
46
119%
118%
55
53%
37
3T
37
17
16 Va
108
106%
106'/a
29
*28
'
4
61%
lb'a
*60%
'21
20%
20%
400
11%
11%
4,600
11%
120 Va
117%
34
52%
54
52
36
35
108 Va
'
*106
277a
28
f •
63
65
27%
*178
188
*178
*106
110
*106
*67 Va
*107%
108 ■>;
*107.%
*102
103%
*102
*67
108
103%
*67
*107%
108
*102
•
•
*5-7%
30
30Va
30
30%
30
30 V4
35%
35%
35%
35%
*35
53%
,53
,
162
*158
LOW
AND
Tuesday
yAug. 10
Aug. 13
tperthare
;
170
170
'
55% .:■ ..56%
V
.
15%
20%'
-20%
27.%.
,.*26%
*26
.
,
15% v
20%
•
*23
24
21
*21
'
39%'/'
39%
-
*39
39
24.:
21%
39%
39%
4
*109
•
-
•104%
30%
30%
"
*22%
22
.■
.30%
*95
56%
.49%
.
*
.
16%
r.
;
7720%
*23
*21
23%
-
'<
•
20
,*24Va
•
19%
.26
7 7
*22%
f
24 : (
.38%
39:
"38
:
4
39
•
37%
39% """'
11%
11%
109%;; "*
;io4%-104% ; -
109%
109%
109%
Iio
104%
104%
41
40%
40%
32
31
31V4
•v"- 40%
98
t
41
40%v "
99
<•
49 Vi
,
ii
31%
32%
32
7
98
*104%
*97
-
*96%
100
43%
49%
>'
48
66
Deo
Mar 13
Mar
37% Jan,
61% Aug
.
700.
',S
,
'?::'•
$4.25
&
2,400
Commercial
pfd
9
42%
Jan
58
Aug
May 23
20%
Jan
30
Dec
7 Jan
9% Jan
105
Jun
25
Nov
:
49
205
Feb 27
Jap
2
108
Jan'
6
113% Jan 10
20
•
2
108 % Mar
25
106
3
Feb
.205
89
Jan
105
Jan
115
109%
44
Apr
5
62
Jan
9
53%
Jan
4
34% Jan
2
July
44 Va Feb
:
36% May 21
60% Jun v7
July 23
' May 31
165
.
35%
140
May
Oct
:
Jun
|
Nov
:
share
>
15
-
July 22
63% Jun,
2
July 24
130
Highest
106
Oct
34%
Jan
24% Feb
Aug 14
41
Janri8-
23 Va July 19
39
Jan
20% July 24
July 25
33% July 29
38
Jan
14
25%
47
Jan
29
31
47
Jan
28
31
Mar
14
Jan *24*
*9% Jan
: 109
,
Jan
3
47
Aug 16
47
Jaii
5
-100
112
Feb
28
50% Jun
Jan
28%
46%
46% Jun
50% Nov
4Vi Jan
90 %
Jun
Jan
Jan
50
•?
Jan
Nov
11%
Deo
110V4 Nov
;
Jan
36
'
NOV
41%
Oct
20
Deo--;'
28
Deo
*. 69% Jun 78
39
Jan
53 %
Sep
July 15
32% May 13
110
Dec
116%
Dec
15% Aug
25%
Dec
48
24% Feb 26
95
July 23
No par
Ohio Elec.lO
14
7
"84
23
36% Mar 15
102% Jan
w w
Deo
16
111% July. 25
107 * Jun "10
4
Deo
18%
Mar
34
Deo
Deo
50%
|14;>7'NoV
19% Aug 16
-26
Oct
Nov
4T
31% Feb
101%
183
72
59% Deo
5
23% Jan .29
'
•
I per share
May,
'
60% July 11
109
26
•
Feb It
69 Va May 20
42% Feb ,26
Apr
45% Jan
Apr
:
53% Oct
155
Deo
i per share
S per share
Jan 23
41% Sep
Jan
Lowest
Highest
:
59
Apr 22
36% May 21>
106 V4 Apr
19
107%
Oct
10
49% Au^ '9
f
"
"
^
51%
'51%
51%
r
117
28
'
'
27%
129;
66%
'r:.
34%
7%
32%
-: 23%
7%
31%
51
51%
117
116%
118
,27
4%
"4%
111,100
128%
128%
129
: :>
129%
900.
355/a
35%
35
,;•;
35%
10,800
*64 .7
.27%,
65%
*63
5'"
128%
4%
4%
'77%':
32%
24
35%
■35%
*64% .66
34 Va
34%
34
,50%
*49
'.
i.
33%
77 7%
29%
106%
7%
7%
31%
'
54%
35
54%
24%
24%
24%
7%
7%
23%
2,900
Consolidated
1,900
Consol
,
19%
57 "7"
56
57
55%
56
3,000
Consolidated
Natural
24%
24%
24%
24ya
24%
9,200
Consolidated
Vultee
32 y4
1,40Q
113%
240
32%
47%
46%
46%/
46
19%
19%
20
19%
19%
19
19%
18 y8
*106%
107:.::;,"
*106%
;
107
45%
'
45%
113 7:'
13% 713%
713%
13%
:-::7r-54%
54%
54%
;fe7:'745%
43%
15%
15%
43%
44
,
21%
,21%
21%
24
*23
54%
54%
,■77.,"17%
,
*65%
17%
:
,737%
'
13%
13%
55
55 Va
55
21%
24
16
44
21%
21%
23
21%
54%
54%
18
18 V*
17%
18%
•54%
'17%
*55
55%
55%
54%
*iio%;
19
19%
19%
19%
61%
60
61
19 ;7:
•739%
38%
38
38
"37%
60%
37%
109%
109%
i-:
-
*109%
11
111
*32%
69%
69%
206%
*11%
6%
-
*29
45%
:,>
33%
30
47%
109%
206%
•
:
6%
•
-
*110%
11%
•6%
46
111
109%
*32%
33%
*29
30
109%
69%:
47%
For
55% 7
*54
66%
47%
footnotes
see
page
971.
55%
■;
7
55
1834
1,800
,
60
470'
37 Va
■>37%,
*109%,110Va
4,300
11
11%
6
68%
7. 6'A
110%
6 ~
"7,
*32%
33%
7
29%
29 %
"
67%;
/
.
207
.10%
:
.
44
6Va
42%
:
*109%
110%
67
207;
10%
10%
•t 43
45%
;"
: :
110% '
11
>
100
v:..
2,900
v
40
'0*
43%
33%
33
33
29 V*
*29
48%
56
*54
f."
46%
55
•,'
:'
Deo
108%
26
Feb
25
103
3%%
Corp—
—
—
preferred
1
100
—
of Wheat Corp
Cream
200"
.46%
54
54 7 " ; 7.
Crosley Corp (The).
Crown Cork & Seal
1,300
,
200
.$2
52
preferred
18% Feb
63
Jan
18
Jan
29
49% Mav 23
x23 %
May 29
1
307/a Feb
•'
109% Aug 14
7% Jan 29
7 49% Jun 17
14% Apr
10
,
110% Aug
107% Apr 25.
8
35% Jan
14
July 23
3 9 yA Feb
1
42 v4
July 24
62
Jan
14
51
Feb
54% Feb
6
28
No par
—No par
27
Dec
Oct
Jan
59%
Jan
20
Dec
29% July
43
Nov
28%
Dec
8%
7-10': •" Jan
26% Deo
4% July 16
38
Feb 26
2
17%
1-6% Aug
52% Mar
21
70 V2 Aug 12
—No par
Sep
Dec
53% Jun
'
(The)
46
Dec
50
113
Jan
39% May 29
.
5
4-
109%
55% Nov
210 % Mar 30
Mar
93% July
Jan
37 %
106% July
7 10% .Apr
Dec
19%
67% Jan
20
Jan
31
17%
Feb
8
10
Jan
8%
Feb
40% Nov
Jan
1
■
115
47%
2
July 25
58 % May
199,
Jan
12%
49%
'
7
17% Aug
26%* Apr
19
Jan
27% Jan '18
57% Juir
105% Feb
Jan
23% Feb 16
60
Apr 24
56
July 23
Jan 14
33% Feb
8
24
-
6
17% July 24
7
10
53 % Jun 10
113% Mar 29
'15
17
18
July 18
109 Va Jan
52% Mar 12
25 7
common
22
i
12% July 24,
.
May 27
54% Apr
39% Mar 13
2
110% J an
—1
—
Co
100
,
46%
•
45
115% Mar 15
12% Feb
Electric Corp
1
Ti'ust Co
—20.
Inc
Int.ernat
100
30
46%
••-•
f July 23
20
No par
No par
~
48%
Dec
4
No par
Deo
Dec
35%
21
—~—100.
Ootv
'
29%
■
Coty
•
*54
.Preferred
Crane
6,100'
S':
*32%
22
45%
17%
Jun
Corning Glass Works common
5
7 3% %
preferred—
—J 90
Corn Products Refining
725
5,900
•
.
*109%
Bank
Exch
4,300
% 6%;7 11;
.
Cornell-Dubiller
109 % May
31% Jan
Jan
Corp—7—14
No par
$3 prior preferred——No par
Copperweld Steel Co.—9'
ConV pref 5% series—..-—...50
Corn
Sep
33% Jan 17
47
Jan" 8
22% Mar
190
Jan
60
6
Ccoper-Bessemer Corp
.
24%
106
Oct
NOV
25% July 12
18
Continental Steel
71,000
6
28
Nov
7% Dec
34 % Nov
42% Jan
400
60
17%.
,'60:-;
206%
'
*54
54%
18%
,
"
*205Va
206%
'
47%
19
,
39%
50
Jan
3% Mar
11% July
400
'
23
"
69
206%
44%
•
*55
■
:•-••
23
26% Mar
29%
23% Apr 20
52% July 23
V July 23
35% Feb 26
20
July 23
1,900
Jan
26
23% May
1
5
Continental Insurance
—10
Continental
Motors
—1
Continental Oil of DeL.^.———-5
9,900
-
48
36-Feb
31
preferred
22
16% Feb
.
Continental Can;
$5.50
Deo
-22'
109% Jan
37
$3.75 preferred
Continental Diamond Fibre
4% Nov
124%
34% Nov
5
112
of America
Jan
55% May 13
10% Feb
6
July 23
nfd~—,100
:
H Jan
89
28% Jan
40% May 31
4
pfd—No par
Continental Baking Co
1,000
:
15%
44%
21
7
*20%
23
$4.50
1,800
55
15 Va
*20%
22%
:
55%
109%
6%
55 7
Cuba 0
Pow
Container Corp
5,500
45
44
RR of
Consol
Consumers
4,700
v.
•mm
"
55
38
1
17,
29% Aug. 14
13
Gas
Aircraft
4,300;
46 y4
13
54%
*54%
*
113%
55%
•:
,
718%-
44%
15% "
74477
15%
44%
r
"110%
!3%>
'I
15%
44%
23
44%
-
*106% 107.
77
18%
453/a
7;
13%
113%
45%
113
17%
V ' ' 69 %
70%;
-H *206% 208
•
*112
lB7/8
10%
.
745%
113%
45%
54%
.
,
7'
'<45%.
110%
60%
*109%
.
-
16
*106% 107 7
32
32
113%«
764%
,
61
^,v.
55
.
32
113%
56
18%
31
77 Va Apr
1
7
Mar
21
Corp—1.33%
!Corp—,
19JA
113%
v
Laundries
19%
47
'•••*23'
Feb
36Va Jun
38% Feb 28
105% Jun
No var
Grocers
2
av« Jan
No par
$5 preferred
19%
32%
-
66,400
7
'
113%
«-:> ::•.••.•
132
26
32
No par
Vo par
5
Edison of N Y
Consol
1,400
23%
24
23%
47%
'
4,400
29%
106%
32
*110%
'
7'%
29%
106%
Feb
42% Jan
—
Consol Coppermines Corp..
30%
114
45%
Consolidated Cigar
106%
31%
107
1,300
29%
46%
113%
5% Jan
2
19
'
No par
Congoleum-Nairn In6
49 Vz
113%
-45'
2% Jan
31.
—25
Conde LTast Pub Inc—
800.
y
33%
46%
*106%
19%
123
Mar 15
*122% Jun
Np par
Edison Co
Commonwealth
106%
107
23% 724""
X19% <19%
19%
50%
114%
*110%
A
64 Vk
*48%
34
'19%
•
$6 preferred series—
'
*49
46'A
„v
'
'
*
4%
No pat
Commonwealth St Southern—No par
4,300
'
Credit.
$3.60 preferred *
Commercial Solvents-
240
,
26%
26%
27%
113%
?
50%
49%
51
116%
117
128%
19%
7
32
32
27%
7
24%
-24%
•66%
34%
50%
107%
•23%
55%
53
107%
,
"
19%
*19%
:
343/a
107 %
24
35%
*49%
'
32%
107%
128%
35%
-*65
50%
:
;
51%
*116
"
34%
*49%
U7%
•
'
128%
3534
66%
" 35V4
in
27%
4% .'73 ?7
(
5,. '•-'
..'4%
129
.
51%
•'116%
27%
117
30
Jun
64%
38%
Dec
Oct
Oct
101% Aug
58% Jan
108
71
Oct
182%
Jan
199
Deo
6
Jan
13
Dec
Dec
v%
Dec
25%
Jan
43%
Dec
99 %
Aug
108%
Dec
24
Jan
34%
Dec
28% Mar
41
Jun
37
59%
Dec
53
Dec
3%
Jan
Jan
49% Nov
:
Apr
Range for Previous
Year 1945 'c,:;7777;
Range 81nee January f 7/77
104
'
110%
100
106% Nov
93 Va
.
68% Nov
,Jan
18
f Dec
'
'62
com_—___No par
Deo
72% Deo
Jan
170
8
May 20
77
1687 July 24 C 200
No par
140%
98
.
Southern
cum
Columbus
Jan
9
Jun
• per
'
2,100
•;
C0"_.—:
Pictures
Columbia
2,700
200'
r
91%
1
38% May 11
71% Jan 18
9
152% Jan
—100
-—:
Carbon
Columbia
•
Dec
Nov
Feb,
July 30
47
-2.50
preferred
15
48
May 10
108% Mar- 8
29% July 23
•32% Jun 21
No par
Dec
X23
16 / Jan
Jan
Jan' 30
'56% Feb 19
No par
No per
Deo
22
•
.No par
Dec
27
15 V2
Jan
38% July
58 V4 Apr
4
99% Jan
Oct
64
Jan
jan
e
,
29%
114
■
July 31
Jun
59%
:Jan
49
7 64
77 4%
44 Va
106
;
,
8
141.
,
37% Deo
19% Jan
.
17
Jan
63
•
-
'May -8
15,
1
-
57% Jan
preferred series Am——100
6%
Mar. 13
Oct
; 64
25% Jan' 2
25% July 11
.
105
cum conv
:
30
2,800
-
-
67% Jan
6
0
5
34 % Jun
Jan
24 Va
76% Feb 16
;
Mar 21
29
187
Columbia Gas As Eleft...NO par 7
27,200
99
47
49
Jun
Jan
■7/24
7
Class B
1,300
37% '
:>11%
.11%
,
Deo
Nov
16
109% Juil
.
3,000
109%
105
38
20;:
'
t
111 •%.'; -
'
33
74
49 Va
56
preferred—-.—20 '
Colorado St, Southern—
—.100
4% non-cum 1st preferred—.100
4% non-cum 2nd preferred... 100
Columbia Br'd Sys Inc cl A—-2.50
5
,
Jun
Oct
19% Feb 26
Colo Fuel & Iron Corp——_N<J Par
1.800T
.
-
20% 721 :«
22 "
"38%
'
:
39%
-
500
11,100
12%
Jan
Jan
.
noliins & Alkman
7
5%
66%
102 % Apr
No par
—No par
Colgate-Palmoiive-Peet—
$3.50 preferred
3,800
:
Jun
25 %
15
Per
(The)—
Clksa' A—-'I
.......
12%
28
Lowest
Coca-Cola International Corp
Oct
Jun
17
:'
./.
Dec
58%
26
6Va Mar:
.
1
Coca-Coin Co
7:.77': 130
-
16%
X20
♦25%., 27
39%.-
40fr
-
66%
66%
Jan
82% Jan
28% Jan
EXCHANGE
.v'
Mar
115%
43% Jan
38% Jan
31% May 15
48% Feb 25
STOCKS
NEW YORK STOCK
Shares
•
.
5; ^o%f i7b^
766%
"
109%
31%
49%
Aug. 16*:
t per share
747%
14% July 11
H5Va July 29
July 10
100
•the Week
Nov
22~
14% Jan
■
•
17% Jan 25
2
7112
•
No par
Preferred
,7
...
112
•15% JUl^ 10
li.% July 8
6% Apr
No par
——1
Ciuett
Sales fei
Friday
-11%
••,''
'//•
41
50 V*
49%
.
•ilOO
1
/ v;756% ,-57 ,
;..-..577 75t'.7
,1 *109
*109 •
; no /
iio;
*57
58
,.'4:,'66.
56 '
,26%
23%
22 "
39%
-
.40%
98:
*96
66%
16% *"
20%"'
20%
v
105'
39%
106 V
40%
»
,26
,
109%
*104%
162
'
11%
'109%
•-,'
;i7i;;.;.
170%
I 110
58%
16%
.
7
39%
11%
109%
109%
*158
Molybdenum
Industries Inc
Clinton
1,700
Oct
Dec
55
Jan
Oct
33% Feb
19
—100 V
Peabody St Co—.
Climax
1,800
.
28%
108%
v
17
28
41% Mar 15
EL Ilium *4.60 pfd^
8,600
35>7 '
54%
•iioo
58%
,39%
11% ; 11%
•
>
20%
27%
*23%
-21
,
—
30
W- 54 V4
Thursday
Aug. 15
*
sV66'
'55%
-a
\59..;'v
416%
'-".'•15%l
K,
:
:
110
..'59
54 V4
.
*1100 -r
"55%
•109."
.•
66
.
7—1
'55%
*
110> t
88%
58%
*109
•
"
29%
.35%
•158,7
''*t70'/ Jftar1".'
'•
,
*1100
—•
59%
35
30%
35%
53%
*57%
per SKertfr i-; T-tpei'ihate
•170
' 172%
65%
65%
'
66 ^
66
59%
30 Ve
Wednesday
Aug. 14^7
aV,
• per share
v
v
Jan
33
21% Mar
26 Ve Jan
18% July 22
preferred
—,——100
Clev dt,Pitts RR Co 7% gtd.
.50
Special gtd 4% stock———750
-
Dec
31
Aug 12
59
■
&%
10
..
16%
Apr
9
25% May 20
50
par
preferred—-.100
HIGH SALE PRICES
Monday
Aug. 13
*
103%
-
162
.*158
1:
Saturday
CLOSED V
*101%
,
54
53%
.,•••
162
•'•••1
'
102%
Jan
23
25
„
~N0 par
Clev Graph Bronze Co (The)1
30
7
33
54% Jl(ly 25
^—28
.
.'.n •
—
Dec
1
11% July 24
7
July 29
21
July 23
55
July 24
No par '
^———NoTpp* 7
;
5
preferred
5%
Clev
30
108
35%
53
67%
*107%
*57%
59%"
53
50
108 7,/-
"
*57%
10O
188
106
Nov
50 %
7 18% Jan
9% Jan
series—100
pfd 4%
40
Jan
7 66% Jun' 17
5
12% July 23
City Stores—:
Clark Equipment
No per
O. C. C. & St. Louis Ry. Co——100
500
66
68%
114
Jun
ik
■
■.
68% May 24
"
Mar
Feb
20%
33
9
July 23
No pat
...
& E Co
5%%
10
112%
106
■„
,
Jan
115%
,
16
25% July
43 7
25
Sep
26 % July 23
No par
No par
—10
Oil
Cotton
City Investing Co
1,000
,
102%
103 Va
-
•59%
/
108
-•""•..
-
59%
Dec
18yB July 23
ClT Financial Corp
410
'
*178
*121%
112%
—No par
($2,50) ciim dlv
Yellow Cab
; city.Ice: a Fdei^
1,300
28
62
110
112%
68>/a
27%
.
188
111% 111%
68%
Nov
;
711% Nov
16
May
*
16
—100 '
No
24
'
7 51% Jan
ft
I
par
Cincinnati Milling Machine Co—10
3.900
108 Va
*58%
28
62
-r
188
67%
*106
103%
62
"• '
106
67
13%
25%
Apr
Apr
4
17% Mar 12
No par
Copper Co
Cinn G
15 Va
15%
16
*15%
106
•
J
35%
.61%
61,%
Dec
Jan
10%
23
No par
..—100
Chrysler ■•• rrnrp
1,200
;
52%
36
29
*28 Va
"
.
54 V2
37
16 Va
pf
Chlckasba
•
54
111% 111%
•1100
113
36%
*17b
$ per share
*110,
: 113
;54%
*106
Dec
11%
4%
■
26
---7—J————Nonpar
A preferred
tChllds Co—7;, ,:7'r%
8,300.
"
34%
110
*158
116%
34%
*110 -
112%
*57%
116 »/4
.
34%
*15%
21%
31%
Jan
26
40 M
,
B
Chicago
Chile
35
*111%
i
119
Pr
100,
46
*44
46
113
*106
*178
STtXCK
12
*44
"37"
-
Jan
109%
'
35
16%
*106
20%
Co. -___NO
Chicago Pneumat Tool
$3 conv preferred—
62%
*19%
RR
Chicago & Northwests w l
5% preferred wl
100
57 Va
*61 Va
,
*110
35%
Dec
Jan
29
7
'-54% Jan
—25
Milw St lPl P vtc_:
Series
-
35
54%
*16Va
■
*57
20%
'46
119
'
113
*110
35%
35%
120%
119%
'
113
*110
Chic
900
20
12
11%
*44
,
63
'
20%
20%
12
46 "
,
*61%
*19%
19% 719%
'21%
11%
*44
500
9.600
'
*61%
*44
Dec
Jun
159
18 Va
24
Jan
42% Feb
Feb
1,25
A.
Class
4,000
7
45
Chicago Corp (The)
L_—1 '
unicago Great West RR Co
.—50
5% preferred——
—59
Chic Ind & Louis Ry Co cl A__25
13,300
,13%
,
111
East
at
Class
•
piu,
EXCHANGE
owe
116
13
108% Feb
pat
Va
Chesapeake & Ohio Ry
5,100
.
"13%
10%
19%
7
L.
Cab Mfg
Checker
Chesapeake Corp of
700
16%' 16%
7
Nov
66'/a
110
14%
•102% July 31
23% Jan 17
5
Jun
29% Jan
No par
-
Aug
13% Jan
,
v
:
4
.41% July 24
14% Jan
3
1
preferred
$4J5Q
Jun
18
7
No par
Champion Pap St Fib Co
U
7,200
9%
16%
7
Dec
7 20% Apr
July 10
17% Apr 22
26
36
—
No par
.
•
10%
7
Dec
71
Jan
104% May
127
Jan
7, 29^: Jan, 15.
(V 13% July 26
——No pat
600
24%
60%
—100
Products
200
23%
25
V-
ser_100
Copper—
Chain Belt Co
10
,•••;
*24%
*
Certain-teed
800
v
112
111%
Oerro do Pasco
800
60
00
112
3.40%
Mills
Century »Ribbon
19
10 */a Feu
1
Co
23
22% Aug 13
par
Central Violeta Sugar Co,
*18
*111%
Foundry
20
-
No
100
37
*36
18%
44%
*35
—
iCent itR of New Jersey
37
-
preferred
400
43%
*19
*6%
•
16 %
15
62%
9%
.
2
Dec
48%
175
Jan
37 Va
3
3
?n% Jan
16%
*101%
25
61%
:'
.
38% Jun
22'/a Jan
,
10
Jan
47%
3
87
3,500"
18%
24
161 % Jan
Mar:
23%.
113
57%
-
152
14
23%
5%
400
Va,
102%
112
*24%
25
61
61%
•61
24
24
24
*24%
24%
24%
No par
Corp
109% Jan
Central Aguirre Assoc
10%
36%
<
Celotex
2,600.
;
Jan
8
7 81% May 27
;
83 % May 29
25
21
.
Jan
35%
13
Jan
105'/a Apr 25
23 V4
31%
Jun
183
T 5%
2
154'
pref6md.*1.^w-*NW.*.wlO0
2d
Feb
56
•
31
25%
•24%
55
*24
No par
1%
(
No par
$4.75 1st preferred
45%
112
55
"111%
159%
*112
.
:
45
*35
159%
1
Ceiane<>e Corp ol Amet
800
250
107%
55,
163% July 24
66
Feb 26
•
—No par
Caterpillar Tractor
7.600
77
8% Mar 14
7 40% Mar 13
100
2,500
*101%
,
15%
*35
137 T';..*18%
19%
46%
*18%
7,.
—25
Co
10% Jan
'
102%
'
80
3
(J .1)
21%
16%
*101%
Case
7 Preferred
22
...
*21%
♦111% .113
1,800
32 %
23%
16%
10%
♦14%
31%
22 '
23%
•111%. 113
*101% 102%
..
V
32%
3,200
171
107%
<
1$9%
159%
22
'
*101% 102 %
,
32%
,
23%
.16%
10%
'
:i59'%*'
159
v
71%
71%
69% •••72
73
73.: '.
107% (107% ;
xio7%;io7i%r
22,;
*21%
72
46
*163
171
72%
.
8%
46'/4
8%
r
'
46%
*168,
73%
72%
159%
32
32
*21'%
,.
*107% 107%;
107%
*159
73%
'46%
;
/ 169% 469%
X72%, 73
73%.
72%
8%
8%
47%
47
'
CLOSED
8%
8%
"47
48%:
170
.
Carriers & General Corp_
THE COMMERCIAL & FINANCIAL CHRONICLE
JM
briclay^ August
19/
NEW YORK STOCK RECORD
LOW AND
Saturday
Aug. 10
•
.;
tyf
-
per
34%
•
I
35
24%
*165 -
175
57%
57%
*23V4
23%
110
130
*35
*57
58
57%
16%
128Va
128%
*65%
15%
16%
*71%
7%
23%
*136
.72%
7%
24
142
37%
37%
Cuba
>
RK 6%
7%
Press
23
66
Cunningham
15%
16
Curtis Pub Co
*128%
*71 %
130
;
$7
*
*137
•36%
35%
30
Feb
7
/inn
Lack ft Western
25
Detroit Hillsdale & 8WRR Co_180
&
Devoe
.12.50
28
■i\ I."
Diamond Match
wn
43
49%
26%
26%
Diamond T Motor Car Co
2
28 Va
29
Distil
2
106 Va
*
43
49%
110
*45
32%
20%
33%
Doehler-Jarvls Corp
Dome Mines Ltd
21
212%
*129
214%
.
30%
*200
59
26%
*110%
48%
Wednesday
Aug. 14
t per share
26%
•30%
*57%
,
240 Va
203%
237,"
237
205
51
10%
Light
10
Mar 19
207
6%
Eaton
35%
Edison
*110%
50
62%; 63%■21%
43V4
44
'
preferred
5%
ind
Am
*175
177 V»
*159%
162 %
50%
50%
50%
S6 preferred
Electric Storage
55%
55%
55%
El Paso Natural Gas,.,,
20
20%
105%
109
108%
,..,
110
:
16
16%
Co
42%
Eversharp Inc
Ex-Cell-O
10
Exchange Buffet Corp."
.-73%.
73%
73
74
•25
25%
25
'25
12%/
12%
24%
24%
*
,
-
73 Hi >73%
*24%.24%
12%
24%
12%
12%
24%
2
20
Aug 16
5
50
24
Jan
5
75
Jan
4
104% Apr 24
31
July 23
102% Apr
9
104% Apr 11
105 :
15
FhlVbanks Morse ft Go
..
Fajardo Sug Co of Pr Rico
Farnsworth Televis'n & Rad
1
July 24
72 V4 Aug 16
92
May 6
15
July 23
23% Jan
3
41% July 25
——1
-3
—2.50
Corp
May
2% Jun 28
-100
50
5
5
Williams Corp
57%
•24%
49% Mar 13
No par
Products
Evans
3
Jan
46% Jan
{Equitable office Bldg.——No par
Eureka
*26%
7
3
137
1
...No par
No par
5% pref series A
Erie ft Pitts RR Co
*91%
9
July 29
148% Jan
Erie RR common————No par
x72%
12%
5
17% Jan
com
$6 preferred
3%
42% Aug
.100
Public Service
15 preferred....!.,„ ■ „,,,. „„'
,-*85% preferred..
110
3%
Aug 6
57% July 29
19% Jan 21
4
preferred.
Engineers
105%
108%
110
3%
Battery
Phonograph
35%
10
No pur
No par
No par
No par
.,.,—..3
Emerson Electric Mfg Co
4%
108 Va May 23
33
Mar 4
—
$7 preferred
162
8
9
109% May 24
No par
shares
Electric Power ft Light
177 Va
Feb
100
5
.1
(The)
preferred w 1
Mus
&
Jan
55% July 24
—5
...
Boat
Elec
21
3
Auto-Lite
Corp
105%
-
45% Mar 14
8% Jan
Wo 9**
9
61% Jan
23
...20
-88 f May 21
36% Feb- " 5
19% Jan
0
9;
July 29
12% Aug 16
Corp.l
*39%
:
-.106%
29%
30
61%
71%
*106%
61%
17 y»
33%
34%
33%
213/4 Mar 14
107%
*106%
107%
29%
30%
30%
30%
63
63
'
.
61*A
-
71%
.
62%", 62%
71%
108 I"'-";
*107%
73%
108
73
,
32%
.
73%
61%
*62%
26%
26%
26 %
26%
26%
39%,
38%
39%
38%
38%
*113
114V2
*44%
*113
63
•:
114%
*113
113%
46%
;
18%
19
V
19%
19%
19%
25%
25%
25%
25%
26%
16%
17
16%
17%
17%
17%
18%
19
*44
-
18%
46%
187/a
♦44%
For
footnotes
see
page 971,
,63
71%
107%
.26%
37%
*63
113%
*44 1
66
*113
46 "
44
preferred
,
,—_*:
common
4%%
Ferro
conv
Enamel
preferred
Corp
—
Fidel Phen Fire Ins N Y
Firestone Tire & Rubber
.
4% %
First
100
1
10
28
105
Stores
'
(The) Carpet Co
Co (The) com
$4 preferred
Flintkote
28
113%
44
Florence
19%\
19%
19%
Florida
26
26%
17
17%
18%
17%
19 %
39%
39
27%
*27
18%
*93
29
18%
94
;
18%
iv
91
>
Stove
Power
Food
Fair
Inc
Notpar
93
Food
Foster-Wheeler
Machinery Corp
Corp
10
10
.28
*38
27Va
29V4 ,:;...
*26%
27%
*29%
29%
Stores
4
6%
prior
preferred
Francisco Sugar Co
No par
34% Aug 13
Feb
108
7
f I 34 % May 29
1
7
Jan
3
70
Feb
83% Apr
6
12
109% Jan
17
25
22
July 23
34% Feb 26
HO3/* Jan
70% May 29
287/a July
5
Jan
18
115
Feb
26
57
16% Jan
3
25
7
July 25
11% Jan
2
16% May 6
72% Feb 26
36% July 23
26
July
26
July 23
5
1
467/a Jun
2
42
7%
38%
39
a
21% Jun
6
84% May 10
54% Feb
No var
Co
Corp—
Mar 14
56% Jun 20
x66
Florsheim Shoe class A new.No par
Pollansbee Steel Corp
10
,
t
106% Jun
>
No par
No par
No par
26%
17%
,
26
313/4 Aug 16
X104% Apr 17
No par
26%
,
50% Feb
/
-
Firth
Feb
14% Feb 26
100
preferred
National
18
No par
19%
.
94
y
.*61
71%
...
>
$6
New
30
*105%
73.
*113
"
46%
30
30
36%
19
29%
32
26%
94
*27
No par
Light ft Traction
Federal
%
107%
65%
39%
27%
5
No pof
38%
94
30
43% Jun
26%
40
27%
26
37%
40
30
26
26%
94
"
8
16%
Federal-Mogul Corp
Federal Motor Truck.
*63%
'
19%
25 V4
7
39
31%
*105% 107%
26%
39 Va
54% Feb
*106
62.
,
13
4
16%
33%
62
112% Feb
41% Jan
39
30%
'*72
*105% 107%
63
63
10
18
2
105%I05%
*106% 107%
30%
26% Jan
.Jun
Federal Min ft Smelt Co
*23%
46
*39% 39%
*16%
16%
34%
107%
t
106
'
39%
16%
/
46
46
Federated Dept Stores
*45
•45
*45
107% 107%
•106% 107%
-
Apr 18
203/8 Jun
7
29
Jun 20
21% Feb 16
237/a May
100
9
Apr
16
49% Jan
17
Feb
9
28
.
s
Year 1945
Lowest
2.
Feb.26
100
........
Johnson
108%
5
30% Jan
28
Radio ft
109%
3
May 21
19% Feb 26
25 V» Jun
191
_.
Stop Nut Co.
Conv
23%
5
4.|<
1
Endlcott
*105 %
21
13
$ per thare
106
...4
com
Emerson
34%
Jun
Highest
215
29%
34%
16% July 23
No pat
Stores Inc
Electric
43 V*
23%.
5%
24%
21%
34 V2
133
July
116% Feb
4
Range for Previous
n,,^.
Electric
,
21%
106% 106%
106
227
Jan
Range Since January 1
88
29%
*82
Apr 12
41% May 10
58% May 28
Lowest
50%
21%
116
2
125% May 22
114
STOCK
preferred
Bros
Elastic
'
YORK
Manufacturing Co
4%%
110%
,
10%
177
Jan
181% Feb 26
20
100
5
4 V* %
preferred
Ekco Products Co..
111%
49%
*110
21%
*160%
pfd
Cigar Corp
cum
59%
35
66 *
5
1st
108% Mar 25
Aug 16
24% Mar 12
No par
««
Eastman Kodak Co
64%
23%
•
(EI) ft Co
preferred
55%
3%
Apr 24
• per share
59%
52%
*43'A
5%
178 %
106
3
July 23
30
par
EXCHANGE
235
21%
i
162
51%
51
62
108
1
No
,
10%
y4
100
International
23
U,Eastern Airlines IncL^i*.—j.1
Eastern Stainless Steel Corp—
Jt
59%
*203
♦109% 110
22, r
42%
178%
37% May 31
29% Feb
6
preferred
conv
NEW
61
*110% 111 Va
162
Jan
26
7
35%
35%
49%
VL
235
205
*60
113
25
25
ufXagle-Plcher
26%
26%
% <jj» 29
201
63
5%
48 i
Sharet
I per share
59
,
62,
42%
62% Jun
July 30
17
the Week
28
*236
240y8
21%
24%
Mar 28
27
Sales for
Friday
Aug. 16
31
58%
10%
-
Feb
36
Jun
DWG
26%
31 Va
•109% 110 %
r
30
July 10
109% Feb
5
Jun
•4.50
8 perthare
58,
59
35%
34% Jan 14
21
33% Jan
Ououesn#
Thursday
Aug. 15
t per share
202
,
35%
21% Jun
STOCKS
Tuesday
Aug. 13
I per thare
26 %
50% Apr. 4
49%Apr 15
118
LOW AND HIGH SALE PRICES
58' ,
240%
3
July 30
105 % Mar 15
50o
Du P de Nemours
116%
17%
17
Monday
h
.v.-
113% Mar 12
129% 129%
*1151/2
Aug. 12
I per there
25"
52
Duplan Corp
49%
215
*212
129%
18 %
Aug, 10
Feb
39
Industries
3%%
47.
115%
Saturday
77
24
Aug 13
39% May 9
192
Dunhlll
25%
*17%
29
143% Feb 26
Dresser
48
115%
50% Jan
'16% Jan 16
28
Apr 17
19% Aug
7
80% July 24
109
25%
*46%
1
(No par
Douglas Aircraft——........No pat
'88%
27%
109
Pepper
Sep
25% Apt
3
pat
No
Dr.
■■
Jan
118
20
..^JVo par
I
A
36
116%
25%
24
5 %,
Class
57%
*
18%
'J
42% July 26
43% Jan 15
;prefeired..^..w«^.^^.i._^l(W
Dixie Cup Co common
No par
185
115%
Corp-Seagr's Ltd new
•
5% Aug
July 15
75% May
3
40% Jan
par
25
July 18
May 20
58 % Jun
3
Jan
2
'
45
Dow Chemical Co common—No par
$4 preferred series A
No pat
88%
185
-
46
57%
*35 Va
preferred
partlc
Jan
Jan
34% Apr
2
74% July 23
22% Aug 12
.5
......
Raynolds class A
6
9% July 29
20
59%
4
29
41% Mar 15
50
Edison
Apr
29
34
May 13
31% May 28
36% July 31
113
Jan
7
42% Jan
5
37% Jan 11
p—
Mar
122%
34% Feb
26% Aug 16
Jan
Jan
9
5
'l 145
34% Aug 16
llOVs Jun
28
24
12 Va Feb
26
19
Sep
8
Jan
76% Apr
.
Dec
51% Nov
102
Nov
146% Feb
23
Feb
100
Delaware ft Wndsnn
26
24% July 24
23
45
De Vilblss Co..—
9
xl50
99% Deo
82% May 16
24
50o
Deere At
Delaware
Jan
32% Mar 13
Decca Records..
Detroit
257/a
24% July
1
4%% preferred
Dayton Rubber Mfg Co
Preferred
11
Mar 25
July 23
5
Dayton Power & Light Co (The)
53%
Jun
106
19% July 16
.29% Jan 30
t
v
36
52
66
2
100
No
Duvega stores Corp, N Y
Chemical Corp iThei.
.
Jan
par
pfd
Davison
113
27%
145%
4
Apr
42
/Mar-%.f/' 29r '-Dec
8
Feb
7
;
Aug
■
; Jan
128Vo Aug 13 '
69% July 23
1
52% Nov
111
Nov
165
15
1
Nov
i Nov
Jan
25
/ 16
18% July 17
par
A
112
124
87% Jan
8
47
No par
No par
_No
Mar
30% Dec
(
Oct
35%
9
H$perthare
Jan
106
10
23% Jan
5
99% Jan
5
(The)
Jan
39
100
26%
*27
*112%
60
Drug Stores Ino._2.50
Dana- Corp
*25%
32% July 24
22% Feb 26
100
Cutler-Hammer Inc
38
115% July
46% Jan
10
_
Cushman's Sons Inc 7%
145
54% Feb
Feb
-•••
Highest
106% Dev
16
Va Mar 13
25
20%
5
12
42
Year 1046
/Lowest
$ per thare
12
Apr
L09
100
Sugar
__
preferred
preferred..
Class
22%
40 % Apr
110% Feb
150
par
Curtiss-Wrlght
7%, ' 7%
X22
No
Prior
72
'
3
Inc new
65%
129% •
*71%
72%
"
7%
' 7%'
23%
24
*137
142
37'A
37%
21
Packing Co
preferred
4%%
Cuneo
*22%
*127
3
Jan
Jan
preferred—
preferred
Cudahy
57
105
69
16
Jan
115
100
Cuban-American
57
29
L07
preferred
25%
175
*103
103% 103%
23%
23 Ve
'
5%
35%
35%
25%
*165
175
a
Crucible Steel of Amer
l.QOO
50
I per there
__No par
No par
$4 2nd preferred
114
Range for Previous
Range 8Inee January lr,
1."/Lowest//;/;:^':.v Highest/*^?;
Crown- Zellerbach rierp
14.20 preferred
200
*48%
STOCK
f per thare
40
132
•113
YORK
EXCHANGE
1,500
109
50
*113% 114
25%
25
*165
65%
'63
*49%
34%
33%
109
*
.
NEW
Sharet
*123
130
24%
175
*103% 105
23%
23%
'*103% 10A
■'
,
109%
133
50 ■
114
35%
Sales for
the Week
# per thare
35%
109%
*128
*'
50
*113
35
34%
24%
57%
51
*112% 114
34%
34%
35%
35%
132
50%
I per there
Friday
Aug, 16
-
*109
110
*127
,24%
•l.
34%
*109
*112% 114
*165
share
:
v/':.'Thursday
Aug. 15
I per share
Aug. 13
* per thare
■yi
•34%
34%
STOCK
xl08% IO8V4
EXCHANGE > *127
132
CLOSED
/
50 .
50%
8 per thare
STOCKS tF-W
Wednesday
Aug. 14
Tuesday
Monday
Aug. 12
x
.
4
HIGH SALE PRICES
353/4 Jan 28
4
I per thare
Highest
$ per thare
'*
•
.
•
'
THE COMMERCIAL'& FINANCIAL CHRONICLE
Number 4517
Volume 164
•
'
1
'
-
•'.--■••'••'5
W...I
...
;
► '< <1
>
"
'
'
*' '*
' ""
' /
•'
,
"...
.
•
96S
• *
.
NEW YORK STOCK RECORD
LOW AND
>
Aug. 10
Monday
9 per
20%
42%
CLOSED
43
-
108 %
•14%
14%
14%
10%
■
57%
57%
19%
44%
56%
*19
43
■
108% 108%
>."-;T4%:
14% >
.
*57
'■*:
14
58
19%
7-U
*57
20
125 '
20% "
20 ".
t
60
60
12%
12"%
22
211%
21'/8
200
221/2
23
600
Gardner-Denver
141%
13%
14
13%
14y8
4,400
57
57
57
56
56y«
600
19%
*117
2oya
20
20
125
109
,•>
*193
22
22
13%
13%
13%
88
88
13%
87%
47%
47%
87%
38 »»
38
•179
X37%
46%-
,V 52%
;
*134
121 %
•
121% .•>
12%
1:
12%
12%
88%
46
36y4
500
*3578
*178% 183
45%
53'/a
54y»
52%
54%
121 y2
*119%
67%
67%
68%
X67%
121%
68Va
*119%
66%
129%
129%
129%
129%
*128%
1291/2
129%
1291/2
23%
23%
23 %
23%
23
23%
221/2
227/s
33%
33%
33%
34
331/2
337/8
*118 ;
121%
r
33%
*5%
5%
5%
20%
21%
21%
38
38
147%
7%
7%
31%
31%
43%
5
20%
*37
<38%
146
<
146%
71/4
7 ye
31%
71/b
31
31%!
40%
401/2
40
125%
*125
43%
43%
37
37
371/8
111
*108%
111
*108%
111
52
51'%
52
50y2
51
♦108%
109
*1021/2
104
44
36%
...
38%
*31'/2
V
20%
i :;
149
7
33%
125%
43%
in
•108%
321/2
211/2
40%
126
35% .35%
.,
*31%
21%
33%
126%
40%
127%
43%
*37%
*146
7%
66y2
1291%
5
2iy8l
36%
111
♦108%
*108%
40
391/4
126%
*42%
1-25
42
42
^
37%
>,
.
391/4
125
<
43'/2
*37
38
52 f.
52
*108%
109%
*108%
109
*108%
109
*102%
104
*102%
104
*102%
104
50%
50%
•108%
109%
103
103
36%
36%
,
36%
».
103
*107%
59
6i%
57%
7%
61
14»
*141
7%
41%
41%
41%
42
76%
76%
76%
77
104%
105
68%
70
105
*104 y8
67%
67%
107
; 107%
10%
9%
9%
8%
571/4
71/4
1471/3
8'/4
21-'I'-
21
110%
♦109
19"
47%
'
•66
59%
►
>;
i
70
■
45
>
10%
*95%
20
20
V
&v.
1,600
50
loyft
/
70
84
80
43 %
>
*95'/2
2,100'
;
>'
; 10
9%
•
98
5,400
108
42 %
f
1,500
47'/2
47
*107
>
10i/8
»95y2
>
700
30
97
21%
20%
201/2
20 »/2
20%
57
57
571/8
57
57
74
75
75
76
751/3
2,400
4,800
9 per ehare
I per share
:
Friday
Aug. J 5
Aug. 16
I per share
t per share
par
28 %> July
10c
5
4% Feb 26
36
par ;
f per share
Jun
Jan
19
Jan
>31
99
Dec
NOV
27% Aug
38%
Dec
17
111
Feb
Jun
14
26
118
Jan
9
103
105%
4
60
111
Mar
46
Nov
Deo
July 10
Jun
26
107
Jan
111% Deo
Jun
'
22% Jan
103
Jan
42% Apr
4
108
2
Mar
g
Feb
68
102% Jam
58% Jan
96
Sep
25%
Jan
39
Oct
May 10
52 Va
Jan
57
May
25%
53
July
102
Apr
4>
107
3
77
43
8
3
Mar
-Apr
113% Jan
6
115
.Nov
39
Dec
5%
4%
Jan
18%
Jan
14 Va
Jan
8
40% Jun
18
Jan
3
21
Feb
4
54% Feb
26
64
Jun
25%
3
Feb
105
14%
34% Jan
188% Apr
17
Feb
5
30% Feb 26
9
Feb 25
9% Jun 28
91% Feb
26
'
-'
NOV
39%
May
175
Oct
75
Jan
86 '
Deo
Jan
22%
Jan
x35
104%
Jan
108% Mar
28 Va
Jan
>lllf>:Apr>5.5>;
52% Apr
13% Jan
Jan
108
4
25 1
78
:
Oct
Dec
55 Va
Dec
12%
5% Mar
82
25
Dec
Deo
100
30%
Jun
58
Jan
82
Jun
49%
Jan
61%
Deo
14% Mar
28
May 31
Bange for Previous
Year 1945
\
1 >.
Highest
Lowest
Highest
t per share
Par
Jan
64
NOV
65%
Aug
52%
Lowest
$ per share
.
Deo
May 20
Range Since January
STOCK
Dec
Nov
21%
54% May 28
105
78"% Jan
57% Feb 26
33%
109%
161% Mar
30% Jan 28
July 24
21% Deo
;
Sep
Sep
46
28
14
Nov
7%
>33% Deo
Jan
28%
14
28% July 23
42
12% Aug
Jan
19
54% May 10
79
Oct
63%
12% Mar
112
107% Aug
105Va Mar
3
Jun 24
,
Oct
74 %
48 •■'■■■
27 % Feb
18% July 23
26
29% Feb
May 22:
Feb 25
Feb
18
<
Feb
12% Jan
-
Jan
Nov
40
July
107% May
>
10
>16 " Jan 30
4
63
165 Va
147 % July
88% Apr
5
77
7% Oct
3% Jan
8% Jan 29
47% May 14
6% Jan
Jan
104% Dec
Apr 13
4
26
30 y4 Mar
172
Deo
151% Jan
33% July 24
9% July 23
17
Deo
105 Va
1
3
105% Jun 24
106
26%
Mar
56% Jun
4
Mar 25
133% July
35y2 Jan
-
59
106
Apr 22
36% Jan
3
54
13 Va Mar
90
18
May 17
73% May 10
39% Feb 26
103
21
Deo
44%
99% July 23
par
Deo
133 V*
26
107
v
OCt
34
Deo
8%
Mar
17% July 23
Shares
Deo
140
25% Mar
52
•
Jan
Feb
123
3% Jan
July 10
No par
;>
Jan
28%
;,7% Deo
46% Apr
34% July 29
Jan 22 a
.1
EXCHANGE
Dec
1%
Apr 12
No
NEW YORK
36%
10
37% Feb
Greyhound Corp (The)
-No par
4%% preferred—
100
Orumman Aircraft Corp—————1
Guantanamo Sugar common
!
1
$5 conv preferred -i.
No par
Sales for
Jan
49% May 21
6
108
-
the Week
Dec
22%
47
—5
Gulf Oil Corp
23
132
No par
preferred
Jan
14
Jan
36% Mar
Dec
10
21
29
Dec
77%
Mar
10
-20
123
130
112% Mar 23
1
par
Oct
Mar
134
Jan
36% Jun
26
NOV
'
52% Aug
Aug
May
y« Mar 13
par
Sep
62
8
Aug
49%
125
11% Feb
lOo
—
10
com—No par
Gulf Mobile A Ohio RR
fi 56
114%
14
Jan
150
Feb
5
7
preferred —.—100
Great Nor Iron Ore Prop
-No par
Great Northern Ry 6% pfd—No par
Great Western Sugar
No par
Preferred
100
Green Bay & West RR.
100
$5
July 25
May
40
23% May 2V '
48
May 31
142% Feb 27
100
(H L) Co Inc
16
Oct
172
43% Aug
Apr 26 «
40% Jan 14 '
7% Jan 15'f
18% Mar 4
Mar
> 36
127
29
2
20
Dec
27% Mar
Oct
37% Jan
153
80% Jan 30
132
Feb
5
2
par
3%%
Green
123
29
Dec
15
Mar:
5
15
56% Feb
Jun 20
64% July 26
1
10U,
STOCKS*
Thursday
Aug. 14
Aug. 13
40% Apr
g
27%
;
13
Aug
Feb
Granite City Steel——No pat
Grant (W T) Co—.
'
:
8,
700
761%
Wednesday
Tuesday
; ;
48
~
9
90% Aug
:
5
Mar 13
17% Jan
Apr
$5 convertible preierred—J7o par
Gotham Hosiery.
..—..—No par
Graham-Paige Motors
_1
'
LOW AND HIGH SALE PRICES
Monday
Aug. 12
Aug. 10
•J
74%
73%
4,300
30ya
20'/4
56
73%
43%
101/a
98
V
48
107%
44
107%
45%-~;
3,500
57
29%
56
47%
108.;
10%
95%
57
Saturday
• per share
*107%
620
19%
82%
July 23
16% Apr
52
$5 preferred ——i.No par
-Goodyear, Tire & aubb
—No par
1,300
.
58%
*63
Dec
17
182
Granby Consol M S & P
179%
84
185%
.;
29
2
Grand Union Co_
30
70
84
441/2
57
73%
*66
Goodall-Sanford Inc
Goodrich Co (B F)
1,500
33%
58%
1
Jan
Apr
26
"Goebel Brewing Co_—
Gold & Stock Telegraph Cc
1,900
*178
301/a
1791/2
160%
200
Feb
50
1,600
110
19y«
Dec
Jan
4%% conv preferred
;
28,600
.,
46y2
'331/2
110
59%
30%
481/4
1,100
200
8
461/2
-19%
70
95%
95%
19,
179
^
45
20
-
47
34
59
30%
83% >83%
?
44%
10%
^vK-10%
-
.
97/s
7%
.
:
•
33%
9%
.
>
500
13,100-
20%v:V > 20%: ^20% /
179
*66
70
84
a
81/4
109% 110
60 %
59%
30%
♦107%: 108%
■•■•■
.19%
*117
/■
46% 147%
108%
>4514#:
♦95
*66
83%
46%
46%
*107%
19%
30%
179
179
—
.107%
33ya
471/2
90%
33%
33%
109%
60
30%
*
84% : 84%
a
*
:•
;;
337/a
.-V
*107
10
8
471/2
21%-
211/8
109%
■
191/a ,.•■-■>
19
30%
179
34
110% »;V
♦109
i
59%
30%
*177%
21%
34
-
7
19%
59%
21
&
33%
33%
a
>
3,900
-
106
106
,,, 68%
687a
35
gy8
8%
46%
I
■
7
•?
,,
10%
10
46%
100
6,300
*33%
14%
127% May
2,200
106% 107
Jan
115y4 Mar
77%
s
8%
par
42y2
34%
6
54% Aug
77
*06%
14% Apr
;
49
135 Va Jan
41%
104y2 105
'..
69_.
69i/a
Dec
4
78%
;
61 Va
17
42%
.70%.
Jan
Jun
148
?
22
Feb
77%
K
*45
6%
Dec
71% Apr
42
57%
*143
109 %
130
42%
34%
i
8%
*46%
57'/4
/'' *106%
10%
8%
46%
8%
52%
...7
24%
Apr
100
100
10
42%
x69%
35%
♦341/4
1051/2
52
*104% 105
V
.*107%' 107%
w
35%
•34%
*103
53
*142
Jan
28% Apr
49
Dec
12%
104%
45
..JVo par
Jan
1
par
79
'
•
103
53
7%
77%
%
58
14
171
Gen Time Instrument Corp—No par /
4%% preferred
100/
General Tire & Rubber Co
5 f
•
4y4% preferred
10
3%% preferred
—100
3,800Gillette Safety Razor
No par
500 '.• $5 conv preferred
No par /
5,100
Gimbel Brothers —
5
100
$4.50 preferred
No pari
2,500
-Glldden Co (The)
No par
59
103
145
Deo
Jan
51% NOV
Jan
1
87% Aug 13
-
57J/2
42
Deo
80%
21% July
45% Aug
—
37%
*561%
Deo
58
7%
May 29
108
12% Feb 26
182
Jan 28
"
107
58%
26
July 26
2,100
53
•141
145
59
104'/2
*56%
7%
7%
7%
.
*141
36J/2
106%
53
,
57%
♦56%
37%
108
60'/4
*103
52%
60
*103
,
37'/e
*107%
59
1051/2
*56%
52%
38
108
*107
108
52%
105%
52
37%
37%
108
59%
*103
'
,
Deo
14%
May 28
141% May 28
8
July 12
400
-
'
50%
NOV
28%
No par
General Mills common—-No
rSlX 5% preferred
100
3%% conv preferred
18,500 >> General Motors Corp..
Zv:
700 \
$5 preferred
No
1,900
Gen Outdoor Adv common—No
2,100/f 'Gen Precision Equip Corp
No
5.700
Gen Public Service
18.300
> Gen Public Utilities Corp
400
Gen Railway Signal
No
>40 :>
6% preferred
—;
4,000
Gen Realty & Utilities
1,100
General Refractories
No
800 ;f General Shoe Corp
160
Gen Steel Cast $6 preferred—No
1,700
General Telephone Corp
1211%
65%
.
29%
60
136y2
128%
5'/b
5
149
7'A
32%
32
68
20%
391/4
*146
7%
7%
40
39%
*125%
21 Va
39
381/2
149
*146
5%
20%
5%,
67
341/2
*5'/a
21%
38%
147%
*119
Apr
24
17% July 23
.10
NOV
14%
17
19% Aug
Dee
19%
16% Mar
67% May 29
58
10%
Jan
5
3
17 Va Feb
Jan
15
5
107
Deo
12%
Jan
4%
•; 16
29
12/4 Jan
Jan
* Dec
Jan
.100
Foods Corp
General
22% Jun
31
—
36
Nov
51%
Deo
6%
2
54% Jan
78
-
29% Jan
July 24
22% Aug 16
No par
790 preferred
General Electric Co
2,800
Apr
26
19
—50
35
15% May 28
21
2 >
,16% Aug 15
<
Jan
84
18
11% Jan 29
26
Jan
1,900
54
*134
19
——.No par
—.100
2nd preferred—
conv
/General Cigar Inc
—
,
52%
54
135
4%
16,900;>
46
> 8% Feb
Jun
iiia:^uiy.:i
3
10% Jan
Co.
General Cable Corp
4% 1st preferred
3
.
27% May 13
48
4
105% May 15
—.JVopar
Gar Wood Industries Inc
1
4%% conv preferred
50
Gaylord Container Corp
1.66%
5%% conv preferred
50
Gem Amer Investors——.!
$4.50 preferred
inn
Gen Amer Transportation—
Gwinwirftl
/ ;
a
600
8,200
1,130
Jun
I per share
t per share
19% Aug 14
$8 preferred———No par
General Bronze Corp———,——8
600
46
^
.
46%
135
.
—.
88%
'-
-
183
52%
135
'
195%
2iy2 21%
36%
46
>
>193
47%
>,
*178%
54%
541/4
135
^ lno
13
36%
537/8
53 y4
>>,
54
135
12%
12%
38%
37%
v
3,300
1,000
12%»
47
46%
19%
60
88
183
4,300
59%
21%
,
>;
.
>'.>/£
109
195%
>
2,700
*106%
*21
,
191/2
.
800
„•
120
19%
6,600
7,500
.
60
47%
46%
53%
54
135%
13%
19%
-
*110
*193
2174
88
'
•
20%
12%
196
*178%
46%
52%
54
12%
37
183
46%
52%
54 :<y
C;: *134
37%
*178%
183
v.
46%
•
-
^
109
*59
12%
>
20Va
59
1. 4 88
>:> > 47%
20
,
*106%
21%
.
48
*47%
•
*116'/4 125
,
12%
196
22
*21
201/4
*193
196
v.
59
12%
22
t/i
22
»
.
61
Feb 26
Highest
Lowest
:
34% Jan
t
preferred—————.100
cum
23'/4
•i7
.
*193
;
•
60
*12%
4ft
f per share
47
—-.10
57
109
59
560
.
'
20%
20%
*106%
109
•106%
Freeport Sulphur Co
Froedert Grain & Maltlngr Co Inc.l
Fruehauf. Trailer Co common——1
14%
57%
;; 20 ;i
*116%
19%
125 vU'ri
*115
J
.../
108%; 108%
Par
f
1,000
400
.1,800
Highest
< per thare
23y4
16%
23%
14%
14%
,
'
14%
15%
14%
14%
lO'A. loy*
; 10*
loy«
20%
20%.>>^'30^^20%
16%
16%
;> 16% 16%
;
>20%;
*21%
21
'
14
•
.
'
20%
42%
;
Lowest
>
;
Year 1945
Bange Since January 1
i
>
23%
10'A
*20%
■
17 %
.
"21 ,'
23%
21
23%
56%
*19
*42
.
EXCHANGE
r
Shares
Bases for Previous
' V '' •;■•.• ;"
""
23%
20%
17
17%
17%
*20%
:.*23%
56%
-
20%
43%
■ -
Gabriel Co (The) common
1
Galr Co Ino (Robert;—
6% preferred
—20
Galvin Mfg Corp
—
3
Gamewell Co (The)—*.„Ao par
10%
20%
'
:
56%
*107% 108%
15%
10%
the Week
$ per ihare
STOCKS
i> / NEW YORK STOCK
galea for
*106%
10%
10%
20% v
Friday
Aug.; 16
| par share
W/a
,23^4
8
108%
108»/4
108 Mi
..20%
??,/. ??
/
Aug. 15
■
$ per share *
,
'
-
>;;c. * >..>>■•'••>
>>>>■<>
Thnrsday
Aug. 14
55%
*20'/»
8T0CK
.EXCHANGE
FBICES
Wednesday
v
' Pgf> ehare1
'
share
SALE
;
Aug. 13
.
55%
ir
./Tuesday:
:<<.
Aug. 1.2
t
.;# per share
HIGH
9 per share>
$ per share
H
>
♦38
39
39
22
STOCK
22
21%
*22
EXCHANGE
23
114%
22%
*113
107%
*107
30
30
*167
170
•48
12
*38
21%
22V4
21
22%
*113
114%
107 %
30 Va
30%
48%
49
49 J/4
12 %
12%
103%
103%
15%
15%
15%
10%
10%
10%
181%
181%
181%
41
v;V
40%
28%
28%
63
*134
>
135
99
29%
*39
•32
39%
35%
35%
34%
•34%.'
>
22
22
*102%
103%
15%
15 %
103%
15%
(M A) Co $4.25
155
10
37
par
100
pfd__No par
Hat Corp of Amer
4%%
10%
10 %
2,500
181%
182%
320
10%
182
40%
*40%
40%
3,200
107%
107 Va
,
82% 5.i
82%
;
82'%..
<
82%
preferred
Hayes Mfg Corp
Hazel-Atlas Glass
3%%
193
:
•188:
29
63%
32
33%
X33
34%
36
40
Helme
(G
W)
*34%
29%
423/4
*33
-
.
♦32
34%
35%
;
43
22%
21%
56%:
56
96%
200
>
No par
5%
preferred
Hershey* Chocolate
100
.No par
500
39
39
200
Hinde & Dauch Paper Co
34
*30
29%
:
500
32
34%
34 Va
1,000
Hires Co
Holland
preferred
Furnace
*31
>
No
(C E) The
34%
100
Hollander & Sons
;..*28%
29%
100
(Del)
41%
21%
:
20 Va
563/4
55
41%
>»>
5,400
20%
? ::
1,700
200
55.
Houdaille-Hershey
$2.25
com
preferred
-3
42 V2 Juiy 25
34%
34 %
33
*108%
1093/4
108%
108%
*108
89%
90%
90%
90%
90%
•SO
24%
24%
24%
243/4
24
243/a
237/a
23%
1,800
preferred
100
Houston Light & Power Co—No par
Houston Oil of Texas v t c
25
43
43
43%
43%
•43
433/4
>•'•41%
•413/4
2,100
Howard Stores Corp
*44 .>:'
45
24%
24%
43%
43%
*43%
44%
»%
41%
42
27%
41%
;> 41%
>>v: 8% ,■■■: 8%
footnotes
see
44%
8% >;• 9-
18
27%
.
43%. >44
,
8%
18
For
.
83%
,
:■>,;•
18%
19
•>•■'
42
42% »
27%
28
;
.;is-'
42
:
page 971.
*
8%
,
42
is
:
>
8%.>
45'
87/a
>18
42%
.
•'
••>42%.
27%
28
*42
•
>
83/4
43 %-;>;;
K 87s
v
*90%
44
8%
8%
■
> >
>.7%
18%;>>:
42 Va
42%
'27%
26%
8%
*108
91
«17 >;?
42
33
33%
■
...
<
.42 V
>
8%
>
.
>,
17%
i>
:.
>>
•v-
150
91
200
•44
18
600
■
8Va
>:
26
41%
41%
8%
8%
1,000
Household Finance
>
com
No par
v-3%%
Howe
Sound Co
Hudson
5ft
&
—
Manhattan
non-cum
preferred
Ltd
4.400
42%
25%
2,700
:•
-
41%
■".Jv
1,200
'•>>
33
109%
Hud Bay Min it Sm
5,800
V'tHcin"
900
Hunt
7,100 >
kudo
xxr>t.f)r
Foods
Inc
Motor Car Corp
July 24
Mar 9
Apr 16
Aug 7
July 23
July 24
Jan
3
May 1
Mar 7
Jan
3
41% Aug 16
34%
& 89
/
32
24%
27 %
40
19%
55
27 Va
106 %
83
19%
0
No par
12.50
No par
50
109%,
109 Va"
28
5
1
iA)
34%
34
15
25
31
32 % Feb 26
29% Feb 26
*108%
343/4.
4
26
135
Jan
2
25% Feb 26
par
-5
new.
Holly Sugar Corp
Homestake Mining
'
43
•55
v
conv
Mar 13
10
1
Hewitt-Robins Inc
$4
2
5
480
29%
■
:>35>>'K
21%
563/4
80
136
No par
142 Vb
>
33%
42
21%
Power
•94
.
preferre'd
Motors
Hercules
29%
*28%
43%
Hercules
142 Va
•32
34;>
1,500
1,200
40
*39
*28%, >29^4 r
non-cum
28%
62%
29%
143
29%
33
7%
•
28
*134
96%
143
/
;
> 193
7
190: :
100
No par
„*■*»"*
6.66%
*
?:
;
J-.'
39
Jun
Jan
43 Va
Nov
27%
Dec
26% Jan
Apr
11
Jan
103% Aug
13
105
119
167
10Va July 23
121
Jan
2
103% Jan
> 82
Apr
184
Jan
27% July
57% July
130 •> Jan
82
Mar
Jan
20%
1
8
Aug
17
13 Va Apr
100
23
100
33
24
16
15
100
9
40 ys May 13
109 Va Apr
Feb 26
11% July 17
99
Apr 25
1
Co———25
preferred
62
136
*94
29%
Vi
63%
*134
142%
29%
*39
*188
x
29 %
29
*62%
96
142%
193
Jan
1
15
23
14
.,1
class A
(modified).
Hecht Co.
800
>
No
Hayes Industries Ino
10
82%.,
Refrac
preferred
Hart, Schaffner & Marx
1,600
107'/a
♦134% 1353/4
39
*54%
,
100
*40%
30
22
*55
500
12 y8
*106 3/4
143
42%
>>
48%
*11%
4i%
95
*33
42% %
6%
1073/4,
29
98
34%
41%
par
100
No
preferred
Harbison-Walk
2,600
*47%
10%
633/4
135%
*28%
.
>■•
.
63%
*32
28% >28%
Hanna
28%
170
12
181%
*188
29%
39>
33%
conv.
5
new—
'
141 Va
30
>
29%
10%
*82%
.
*96
144
4%
35% Feb
21
Aug
20% July
111
Mar
105% Jan
23
Mar
Water———————JIB
Printing Co
Hamilton Watch Oo
107%
28
'
*403/4
193
134
*96
143
Hall
50
1073/4
»
82%
29
63%
;
10%
108
82%
*187
63%
*106%
Faekonaaeu
400
Va
114 v
*167%
49
181% 182%
40%
*107%
82%
82%
193 >
♦187
22
22%
1,500
49
15%
*102%
15%
41
39
*102 %
15%
103%
15%
•107% 108 "
21
170
*11%
*102 y4
10%
2Q
*167%
48%
*11%
*102%
181
>
*113
107
*106%
*167% 170
*11%
<12
23
113
113
107'/a
30
21
200
38%
♦37%
21%
*22%
114%
*106%
39
'
29%
*167% 170
49%
38%
21%
:
22
22%
•113
*107
CLOSED
*37%
39
July 15
16
July 19
33% Jan 4
15%
18%
34% May 28
152
July 16
X30
60 Va May 29
16% Jan
7%
16
98
106% Jan 24
20% Apr
15% Jan
9%
22
28
Dec
121
Deo
110% Jan
Oct
Dec
29%
Jan
Apr
155
43 %
Jan
Dec
14
Apr
Nov
Oct
104 Va
Jan
16%
Dec
Dec
14
Dec
6
Mar
108
Mar
134% Nor
186
July 11
51
May 23
20%
Jan
•35'
109% Mar 26
100%
Oct
103%
90
Jan
192; Aug
2
7
>;
-
170
Jan
9
17
3
130
2
21
123
106
May
146% Jan
39% May 13
x43
May 31
41%. Apr
Deo,
Dec
Aug
39% Deo
July
Feb
Feb
138
Feb
21% Aug
138
NOV
Dec
32
Dec
72
,
90
25
Jan
33% Nov
23%
Jan
32%
Dec
Jan
17% Jan
26%
Nov
35
Nov
42
Jan
60%
16%
Jan
„
6
37% Jun
189
22% Jan
38% Jan
72% Apr
Apr
139
.
92% NOV
71% Apr
4
40
May
221
34 % May <10
Jan
11
28% Feb
6
46
17
25 %
63
55% Oct
Jun
Dec
Nov
62 Va Apr
22
35% Jun
26
25
Aug
29% Deo
111% Jun
20
102
Sep
109 % July
95
30
47
87%
66% Jan
24
Apr
9
Nov
July 19
Apr
12%
25f
17
45% May 17
36% July 23
8
May 6
,
34 Va Mar 25
49 Va Jun
10% Jun
Jan
8%
Jun
36% Dec
26% Aug
14%
Jan
34
Jan
3%
3>.
24
Dec
Dec
23%
34%
5
12% Jan
24 % July 23
Jan
Jan
54
2
10
60% Feb
25
> Jan
23% Dec
Jan
>
9%
May
Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, August-19, 194S-
NEW YORK STOCK RECORD
HIGH SALE PRICES fel
Tuesday ;■■■'
•
Wednesday
■
Thursday
•
Monday
Saturday
:(;
Aug. \%
Aug. 10
§
• per share
•;Aug. 14
Aug* 13 V/
.
I per share
per Share
/
9 per share
$
Sales for
Friday
Aug. Id
per
NEW
the Week
10%
10 Ve
31%
Shares
share
I per share
51%
51%
*137
41%
42
%
20
I
*7%
42%
106%
9
15%
15%
247%
247 %
95%
95%
194
193%
:12%>vl3%
37% '37%
*99
:101
7%
7%
36%
36%
"138
*136
49
49%
.
*123
*105%
105
105%
8%
15%
*245
193
194%
194
13%
37%
20%
119%
*66%
7%:
36%
138
49%
37
*137%
67%
110
,
■
20%
51%
128.
128
125
125
126%
127%
122%
124
112/
113
*109%
111
20%
*119
66%
66%
•57
42%
*42%
23%
23%
23%
37%
*29%
48%
17%
*54%
56%
113%
*42%
50
23
*112%
113%
23%
17.
17%
*54%
♦112%
113%
138%
139%
127%
123
♦60
61%
♦111% 112%
*111% 113
*112
•155
•
49%
49
*105%
106%
106
29%
29%
i-;
50%
124
v
113%
123
118%
62
119%
63
48%
*105%
29 Vs
28%
28%
32
31%
*121
123%
33
*59
*47%
48
•46%
47%
46
21
21%
21%
21
21
*29
30
*29
3Q
21%
21%
#i*21% ^22 '
57%
58
m 57%
*45
46
*62
T *44
63%
32%
*59%
f
,
21%.
57%
48
*44
63%
63%
*62
*22%
23%
*21%
22
♦97%
99
39%/ 39%
108 3*2
39 %
40%
40
108 A
108 3*,
40%
108
•40%.
97%
10
39%
30o
40%
55%
55%
57%
57%
58
9 per share
7%
9 per share
:
Thursday
9 per share
9 per share
66
13%
44
73/8
4
64%
*40
57
28
28
10
10
28
10
58.
r
58%
35%
60
12%
12%
34
-',28
35%
59%
58%
,
28%
'.*28
34
*94%
x94%
34
86% Feb
26
34% Feb
26
30%
>
•
273/4
9%
31 %
82 "i">
i.
Corp
61% Jan
64
July 24
13
July 24
39% Jan
3
,
26
34
*333/8
34%
Life Savers Corp new
95
943/4
943/4
Liggett Si Myers Tobacco—...
'
95
503/4
66
*200
95
■
.
5
Series
-
58,/2
48%
-
48%
65%
65%
41%
57%.
57%
Lily Tulip Cup Corp————No
Lima Locomotive Wks
No
Link Belt Co
-No
Lion Oil Refining Co—
No
Liquid Carbonic Corp
No
/
Preferred
3%%
31%
Lockheed Aircraft Corp
Loews
813/4
Lone
31%
Long Bell Lumber A
253/4
Lorillard
25%
293/4
196
7%
*39%
40%
165
*39
♦160
165
*160
(P)
—.
4%%
39%
1
643/4
65
62
54 y4
Mack Trucks
54
54 %
63%
53
53%
52%
52%
Macy (R H)
110%
1093/4
110%
110%
*1093/4
h
——
Forbes.
65%
*109%
Co
ft
160
65%
54
110%
& Sons lnc
pfd series A
preferred
MacAndrews
165
653/4
*1093/4
—
(M)
cum
Steel
65%
6%
.No par
50
Nashville
&
Lowenstein
Lukens
165
65% Apr 11
3
.88
4%%
IncJ
Co lnc
pfd series A—
1
100
10
Feb
25
8
Feb
13
43% Jan
1
29
/ Aug
7
45% Jan 14
120
:
•
25
Jan
68
433/4 July
27% Feb 26
24% July 24
24
210% Mar 29
32% Apr 20
115% Apr 24
vnr
No Vat
10
100
Co
preferred
22%
*38%
.
15
21
May 23
103% Jan
July 25
32% July 24
64
Jan
3
1063/4
40%
37% Jan
July 26
var
44% May 14
74% Jan 28
102
273/4 July 12
Louisville Gas & El A
37%
Jan
63
57
-1
Louisville
37
47
par
May 13
15 % Apr
4
No par
66%
♦22
■
86% Mar 15
Cement Corp——No par
29%
1063/4
33
Mar 13
lnc
65%
JO"
23
14
Star
29%
67
38 /
15
65% Jun
100
—
343/4
196
Apr
4
38% May 16
July 24
194% Jan
par
par
28.
57/a Jan 15'
,64
-15% Apr
86
23
B—————--25
Preferred...,———-100
201%
'
v
3
30% Feb 26
58
July 24
11% Jan
3
30
Jun 19
Llbbey Owens Ford Glass—No par
Llbby McNeill & Libby
-7
Corp
28
17% Jan
& 9%, Aug 16
—No par
Lerner Stores
953/4
17% Jan
553/4 May 23
9
12%
Highest
,
$ per share
May 29
Apr 22
.1023/4 Apr 22
.82
Apr
9
.
3% Aug 16
iter share,
62
10% July 25
49%, Jan
Range for Pretioue
Year 1945
68
20
33%
,;.\v
5
26% Jan
60%
^
7
4
Oct
9% Jan 24
2
Jan
49% Feb
59
• V
6% Jan
1 per share
50%
Jan
Lowest
Highest
ji;
-5
Lehn & Fink Prod Corp
33%
31%
26%
X49% Not
37
(The).—....——1
Lehman
283/4
813/4
30%
971,
35% July
3
43% Jan
37
<
31%
197
page
.
Lehigh. Coal & Navigation Co.--.10
Lehigh Portland Cement
25
Lehigh Valley RR
50
Lehigh Valley Coal——i.—-No par
Non-cum
preferred
—50
$3 non-cum 1st pfd—.——No par
50c non-cum 2nd pfd.—^.Nopaf
34%
*160
see
Co
58
34%
34%
*115% 118%
35
82
23
*28
4
Light
(The)
,12%
40%
34%
35% Not
-
12%
50%
34=%
*ln«%
573A
"
66
118%
37%
28
*573/4
41
34%
293/4
273/4
93/4
34
95
67
*66%
;
201%. 203%
118%
Mar
Lowest
Bryant—..——.—No
Mar
Aug
26
3
.44 * Jan
44% Jan
•
52
253/4
11%
,50
Gas
40% Dec
112
107
Range Since January 1
4
No par
par
4%% Preferred
—50
•Lee Rubber & Tire.———
—5
Laclede
19
7
I per share
Lambert Co
Dec
Not
67
96% Dec
1% July 25
STOCK
Dec
Dec
Not
2
July
33% Jan
EXCHANGE
Lane
31
38% Jan
8% Jan
STOCKS
NEW YORK
61
95%
58%
*29
107
Jan
72% May
28
Aug
15% Feb 26
N«» paf
34
57%
3
58% Mar 13
Kroger Co, (The) ——No par
*93
95%
67
*196
& Co
(S H)
Kress
12%
•;>
*40%
.
35% Dec
51
Stoppers Co Inc..■,^.■....^.....10
4%% preferred
s
100
Kresge (8 S) Cov— ,.—.^.^.10,
Kresge Dept Stores lnc new——1
13%
*40
58%
v
rh 60%
201% 202
52
27
35
.
44%
U1
3%
4%
10
66
13%
57
27%
85
44%
12
1
♦40
48%
*78
4434
*11%
7%
533/4
48%
13%
H
15
Feb
22% Mar
Shares
*52%
66
V
Apr
,
19% July 29
32% Jan
the Week
t per Share
85
fe
54
35
No por
Bales for
Friday
Aug. 16
Aug. 15
49%
*78
26
117% May 21
24% Mar 13
Jan
;
Wednesday
Aug. 14
105
Dee
30% May
Jan
HIGH SALE PRICES
Tuesday
Aug. 13
Dec
46% Not
Jan
Mar
19% Jan
Apr 22
Dec
Jan
18%
900
55
49%
79
,
;
35%
2,600
7%
55
28% Feb
34
-
May 22,
*
LOW AND
Monday
Aug. 12
24% Mar 14.-
,1
.
108
8
27%
22%
—
55%
100% Jan
100
—
90*
T
2
v May
6
20% July 23
Jan
8-
■
55%
pref series A
53% Feb
Not
140
28
S.400
57%
109
Mar 13
61
116
Jan
Sep
31
48
2,200
J1#
39%
41%
5%
40
par
137% Deo
—
May 31
115% Feb 15
May 28
114% May
145
Not
109% Aug
101.
Jan
118% Aug
Kimberly-Clark Corp
No por
Kinney (QR) Co—<—.t
'
$5 prior, preferred—
No par
300
100
101A
39%
108
32
LaughllmSteet^—1.NO
'Keystone Steel Si Wire Co
'
.97%
63
109
.
63%
23%
99%
i
5
Dec
Nor
—
114% July 31
167% Apr
9,
153
Apr
9
127% July 22 -
140; v,Mar 20^S15O/v Feb 25,
100
stamped—100
Chicago RR
Ran City P ft L pf ser B
—
*22%
Mar
22%
47
19% Not
34% Jan
2nd preferred ser A..:
Joy Ufg Co
48
*98
53
»
.
29
29
57%
.12%
1,000
61%
*20%
;
58%
.
...
46 %
*20%
100
——,
300
123%
32%
121% July 24
118% July 24
Kalamasoo Stove & Furn—
10
—No par
Kansas City Southern
No par
100
'
4% non-cum preferred
100
300 N ''Kaufmans Dept. Stores*^i,^,.4.^10
'2,100'-VKayser (Julius) & Co
1.5
;
200 4 Kelsey Hayes Wh'l conv ci A——1
300
~ -Class B>~—
.>.1
8,100
Kennecott Copper.
—No par
31%
*121
33%
61%
108% Apr 15
July 24;
134
com—No par
Johnson
Si
•Jones An
106%
-28%
*31%
106%
100
—
Corp
preferred
24% Jan 17
July 16-
59% May 29
108
3
&
4%
Joliet
48%
*105%
29%
*
159-'
50
46 y» Jan
Preferred called
113%
•156
49
106%
*112
160
50%
preferred
Johnson
63
113%
15 Va July 23
106% July 31
pfd—100
nu
Manville
3% %
<
*158
*105%
Johns
135%
123
*112
—
49%
106
134
123
61%
4Y*%
113%
♦112%
138%
*125
121%
;
———1.
—
Jewei Tea Co lnc
113%
136%
61
♦155
.
*112%
(Fti) Co_
Jersey Cent Pw & Lt A%
108
57
*123
preferred.
Jacobs
16%
*107%
108
*54%
*124%
16%
16%
108.
57
139%
139
♦155
29%
16%
107%
*124% 127%
48%
22%
22%
17%
107%
108
123% J24;
125
48
23%
23%
*60
124
56
to
107%
127%
45%
30.
17%
140%
66%
.
45
55 %
49
56%
139%
*63
*
58
165
107%
*125%
119%
37%
*160
*113
20%
119
45%
45%
58%
113
20%
49%
49%
51%
*111
20%.
45%
67%
50%
119%
23%
*54%
139%
128
42%
107
7%
36
36%
*137% 139
36%
-
37
101
7%
126%
'
58
*17%
37
♦100
50%
119%
*66%
-36%,
*137%
13
125%
110
20%
V
139%
104
12%
37
37
93
193%
194
,13%,
*99% 101
*7%7%
-
15%
247%
92%
126%
50%
125
*119
13
.
7%
37
93%
*193
37%
101
138
15%
247%
247
93%
13%
*7'
36%
,
8%
8,
95%
•99
7%
„
15%i£l59if*i
/194%
45%
footnotes
$ per share
105,
247
37%
37%
101
*99
8%
15%
13%
13%
125
20%
For
<
51%
105,
248
'
94%
122% 125%
118%
.
15%
*245
122%
♦109% 112
105%
8%
8%
16%
248
125
122
•
share
8»/4
*8
■
•8%
«
t per
19%
19%
8%
♦105%
-
4 per share
42%.
*49%
/
Range for Previous
/." Year 1945.
Highest
Lowest
186
'
20
140.,
*181
185
9 per share
■.
31%
*179%
.
Range Siuee January 1
Lowest
j
Highest
,,„,15%ft;15%,'
//51;
51%
1139%, 140
Aug. 16
'"Vi*
STOCK
10 %
31%
15%
15%
Saturday
YORK
EXCHANGE
30%
*29 %
10%
31%
,
vi
' ~4\ Aug. 15 ■
$ per share
;
STOCKS
■■rv
LOW AND
35
Jun
10
32%
Dec
313/4 Jan
18
*32%
Not
190
Dec
•>
31
Not
J
68
Deo
196 : Aug 15
Feb
27
28
Jan
3
32% Jan
17
61% Mar 13
72% Feb
6
323/4 Jun 21
17 y8 Jan
36
3
Feb 27
154% Jan
62
9
5
Aug 16
44 'A Feb 20
108% Jan
18
Dec
Dec
Oct
Apr 11
May 31
186
104% May
42 V4
37 y8
94
41
43% May
108
July
7
9
30% Jan 14
■.
66%
;;
FINANCIAL CHRONICLE
&
THE COMMERCIAL
Number 4517
(Volume 164
NEW YORK STOCK RECORD
LOW AND
SALE PRICES
HIGH
Saturday
Monday
Aug. 10
Aug. 12
Tuesday
Aug, 13
I per s/iare
$ per share
I, per share
■;
Wednesday
Aug. 14
t par share
16%
STOCK
22%
*525
CLOSED
16%
16%
22%
EXCHANGE
545
7
14%
14
*21
22
*38%
39%
*5%
5%
*
9%
9%
:y
14%
.
14%
50
A
*38%
67%
14%
49%
.
.
■
49%'
9%
67%
68
39
39
39
35%
36%
35%
35%
205
205
'
*109% 110%
*109'%
110%
*108%
110
15 V:
14%
143/4
14%
15
143/4
51%
*50%
*50%'
55
u
55%
35
35
51%
*51%
*112
115
*543%
543%
56
54%
35
34
,34%
115
•
115
*1153%
1163%
401%
403%
53
v
3,700
14%:
600
*14%
♦53
53.
*403%
40%
36%
531%
491%
491%
*100 3/8
,
*36
37%';'
36
*533%
54
54
36%
53%
41»%
48%
•
:
28%
291%
29
323/4
32'%
32'%;..
26%
26%
26'%
27"
533%
32%
29
263/4
'
49%
*104
32J%
X26%
.
Vi
26
v
par
Jan
8
2033% May 20
501/2 Feb
26
-
Jan.
4
28
Jan
28%:;/;
$4
100
2.80O
33'%;
McLeile# Stores
108% Mar 21
104
Co
23% Jan
1
—
-
24
104
Mfg.
Co
4%% -preferred
Feb
56
100
....—..50
X1043/4
IO43/4
*104
573/4
x57'/4
573/4
57
57
56
56'%'
1,200
57'A
57
571/4
56 J%
56%
54'%
543/4
1,600
Melville Shoe nnrp.
29%
30
29%
30%
29%
303/4
29'%
29%;
29'%
293/4
3,900
Mengel Co (The)
1
5% cony 1st preferred-—-—SO/
Mercantile Stores - Co * Ltd—.-No por
Merch & Min
Trar.aCo-i—Nopar
38
Jan
Merck
lnc^.
59
Jun
90
90
90
293%
29%
293%
293%
29'%
r
47%'
47%
47%
663/4
1103%
663%
66'/4
*1093%
58
*55'%
*111
1113%
*111
153%
15
15 y8
15
3,000
i,29'%.
29
67
66'%
*110
4
■
,.
.
57
:
•
.
1
Nopar
—
411%
49
165
165
413%
48
42
41
*473/4
50
*164'%
14%
42%
413%
51
*49
166%
61
*164'%
*60
61'%
61%
61%,/
*59
16%v
16%
166%
61'%
*60
*163%
17
17
17'%
62
*61«%
63
393%
*162%
63
*117
119
*116
40
40
40
Jan
56
Deo
111
Jun
453/8 May 15
253A' Aug
11
11
H'%
H'%
,11%
37
37'%
363%
'39%
61
61
62
63
23
23
22
*37
57
28%
-
29%
*30
30%
*57
58,
51%
27%
27%
30 y8
55%
21%
21%
213%
107%
107'%
107%
107%
21%
21%
21%
213%
22
42
41
41
110
50
*63
64%
42'%
*109'%
64%
Monday
*62%
HIGH
SALE
Tuesday
Aug. 12
20H4
39%
39 % f
20%
*38 »/2
16%£,,=
22%
22%
22
34%
17V4
17%
-35%
353%
35%;
22 3A
403/4
40%
40%;
29%
2?%.
36%
,27 Va
*32
*32^
*34%
*56
.■/
12.
11%
1%'
1%
96 %
31'
96%
32%
58
11%
12;
/1%
1% .f
96%
97%
31
:V31',.;'.;
21%
21% ;
263/8
*26
•103%
*103,%
34
104%
,34 ;
20%
20%'
20
12%'
123/4
263/4
20%
12%
/
21%
!
28%,
500:
333/4;
4,7007
210
7%
41
:
•
£
3.300
-
34.
*26%
:
72*
♦108
'.
*109*
'
,
*109%
-J-'
22'
1,000
13,700;
103 »/8
736%
-37%'
*204y4 .207
166
33%U
190-
7/ 32%
i
1%.
97
283/4
*253/2
1033/4
i 35;.
203/4
777"
21
21%"
20%
.*253/2:
26%
.
20 3/4
35
201/a
123/4
123/4
20
121/4, 12%
26
2ov*7
71
71
•77 123/4
25%7/
*108
71 %
109%;
*108
109%
;
35%
*34%
35%
35%
-35%
343/2
109%
1093/4
1-09%
109%
*109 y4
*1091/4
*108
.
112
112
*109%
77
112
43%
44%
44%
44s/8
38%
38%
38%
38%
38%
45
383/4
*108 %
108%
*108 %
108 3/8
*108%
108 3/8
27%
27%
563A
223/4
23 y»
7*25•'
7:7.71%;
t
109%
*553/4
Ex -distributfon
Natiuiioi.
27%
273/4
56%
56 3/4
otcei
4,5007
200'
$2
7
10
r
-
preferred
preferred
;
43/2%
——-—40
—
100
.
X27
27%
*55% 7 56
,
*43%
*43%,
;
37-
38.
:
600
108% 108%/
26%
Neisner Bros Ino
;
-j
•
-
vr'7
'
1,800
7C07.
100
*50
For
52
/ *120
";"
125
footnotes
see
page
:if *50
" 7 54
124%
971/
23%
124%
23% -233/4
-
26%
263%:
-
*51%
*122
53%
125%
■*51
125,:.;
•
54
>
'
543/2
543/4-
r,
22%
223A
.
125..','?;';
*50'A
122%
53
4% %
•
conv
serial preferred—100
>
preferred
New York Air Brake
800
New
16,700
York
Central-
N Y Chic & St. Louis Co
;;.7O6
34
May 16
41% Feb
4
5134 Fen- 26
79% May 17
9% Mar 14
)
-
6%
1% Aug
80^8 reo
r
1% Aug
9
101»/»July
2ft
Not
33
NOV
35
Deo
59
26 y4 Jan
2
Jan
15
18
19
Apr
22'% Aug
263/4 July
:
Deo
403/2 Feb
29
104
Apr
24% Jan
53
-22
Deo
Nov
28 3/4
Deo
61%
Deo
Mar 13
Jan
Feb
106
1053%
Dec
108% Mar
Dec
Deo
Oct
35
37
109
Nov
jan
110
Nov
llli% jan
30
50
Apr
20
32
r
Aug
47%
45
Jun
27
183%
Jan
883%
Dec
109 Yb Jun
19
Xl6% Aug
27%
Deo
3434 Apr.
5
69% Jan
18
35% Jan
4
Feb 20
15 3A Mar
30:
22
103
V
July 23
July 23-
44
Dec
lTVs
10% Jan
110% May 27
9
120
Dec
333% Mar
29%
6
43*A May 24
26
Feb 26
:■
24%
10% Jan
108 3% Apr
; Ma* 14
1103/4 May 28
85% NOV
& 36
1023% Nov
15-
>107
143/4 Nov
107%
42% May 10
79 V May
v
'
Jan.29
106% Mar
Jan
Jan
65 -;
1
Jan
.32
;
33
.••7% Jan
Apr 25
25
18y»July23^
243% July 25
101 »/4 Jan 24
No par
100
167
Sep
9
38
293/b July 26
i—No par
preferred series A—-——10ft
Jun
37% Deo
199,3% ceo
V
16% Jan
21
123^ Aug 14
24^
July 24
53% Jan i 4
106
Feb
8
32
Jan/4
—100
Newport News Ship St Dry Dock—1
43/4 %
7
125%;
22% Feb? 13
30i% Mar 14/
Feb i 2
32% Jan 30
1
;
«<T
•
243% May 27
—
V ,71,300.:
7.
233%
151.
16% Mar 15
*
7"/. 23. i
Apr 10
12ya Mav "8
»
110;
7
553/4
23
37
173
12
Aug 15;
177
Dee
108
Sep
July 29
1
Newberry Co (J?J) common-Nopar
3%% preferred^
—
-100
New Jersey Pr Ss Lt Co 4% pfd-100
Newmont Mining Corp_
10
Newport Industries
-———1
400
*1073/8- 108 '/a:
26%
553/2.
-
Nehi Corp
400
441/4 777
164>
Jan
207*
-—No pat
Fibre* Col—
—
71%;:'
109 78
'
*1093/4:. 112
44%,
.
24
Nov
26 ys
Jan
*101% Aug
Deo
Nov
54 y4
Jan
13
4
s
—No pat
Natomas Go
'
33-
—10
Co„
Vulcanized
Nat
1,7007
"
12 y4
253/2"
:>34%109'a; 1093/2
35 y4,v
Tea
2.40Q
203/s
1951/2 Jan
25
—
conv
National
200
•
37
17
■;
00rp
National Sugar Ref Coi.__—No par
National Supply (The) Pa—
10
400
104
*33..-
*?3%n 35 7.7
40% Apr
3
'
173,200)
jt;7UO 7
-:-;7
102% Aug: 18
24
—No par
National Power & Lt_
7
26'%
*1037
104
*103
110%
•;
National Oil Productsv Co
'
31
9
108 % Jan
No par
——4
Nat MaU & St'l Cast CO:
192,300
11%: 7.
*30'A
32 3/s Aug
19%
38
Jan
13
243% Jan
673/4 Jan 29
333/4 jUn
323/4 Jan:
NOV
32% Deo
12% Mar
Aug 13
3
National Linen-Service^ Co^p.LU^^l
500.
>
97"
—
600.
r 7
23
2;
24% Jan
41 y8
30
31% Apr
29
May 31
453/4 Apr 22
34'/a Jun 14
July 23
6
Jan
Deo
Deo
Deo
V
24% Aug. 13
37
Aug;
48*:
—10
>
1,000.-
551/a
11-%.. 1?'V
1%-
Co
preferred—.
7% preferred Ai_
100
> 6%'
preferred 3—.....100
i:i^7;77-7-77:;777;77,,7.7.,
10.'
32y»,
34
2ft
30
<
20%
Jan
13% Jan
'
90"
333/4.
;
57
1?%
$4,50 ,conv
.
No par
—1
No par
195
Oct
20%
453% Jan
26
7.17%. Jam y.*:
34% Jan
2
Products new—No par
Distillers
National Lead Co
6,900'
p-
55%.
34%,
Nat
"Deo
1813%
Feb 25' i
19% July 23
Feb
Dec
x34%
3
323/4 Apr
Feb 20
Nov
32%
23% Mar v
1
2053/4 Apr
87*
1
1
„_No par
Stores new-—-—5
7 National, Dept •
38,500
*163
,
26
-,71
109%
*109%
i
Cylinder G is Co
Nat Dairy Products
'
*108
112
National
9,600
37% May
Feb 20/
July 24
24
19 y8
Jan '-
13%
29
16 y8
par
National Container
18,500
■
102%
7
:
34% Apr 17
26
16
213/4 Feb/ 5
27
———1
^
273/4,:
27%
97 >4 " 9'r%»
20% 720%
26%
^
Lines-Inc
National Gypsum
*30^3177 ;7
213/4
433/4
./■V'
Nat City
Feb
303/4 Feb 20
193>
No par
10
'
123/4
26%
*70
109%
*34%
:
263/4-:
72;
100
—
Corp
Nat • Cash Register
:
-
3,900:
34%,.
r*
"
:
& Share
National Can Corp
1,300
3,50ft
22 3/4.
preferred—*
Nat Bond
300
Nat Enam & StamBing^—
!.%•
1% :
413% Dec
28% Jan
191/2 July 23
26
10
National Biscuit Co common
.-
17
Corp^
513%,
12'A
C 56
Nov
*37% Dec
9
4
Aviation.
National Battery Co_
303/b7"
56H>
Jan
National
:'7'.*50'i«-
*34
3
203/a
1,300
:7': 3ft
37%
37%
*204:7 207- "7
25% Dee
35 3/b
21'/2.
523%,
.
n
,
91/2 Mar
293/4
164
15% Jan
Jan
25% Jan 15
52% Jan 16
413/4 May 31
381% Aug 14
163/4 Mar
16%
105
Highest
9 per Share
$ per share
2
22
•
66% NOV
Lowest
Highest
20% May 28
—
Dec
Dec
Range for Previous
Year 1945 •
34% Jan
Co.
Acme
Jan
21%
52
Jan
53
$ per share
193/4 July.23"
31%
*1043/4
30% '
1033/4
Jan
48% Nov
July 23
40
35
164
*33
60% May 77
100
'
..
1
115
Jun
13
55% Feb 15
70
Juhvll;
'
273/4
97% S 97%
27/-::'
s:34,v v/
:
;
47% Aug
Aug 16
333%
23%
32%,
,
; 109%
2
Jan 20
22
16
*29'% -301%:
28
165
30%
8
May
1141/4 Jan
27
23
29 y»'
1%
.
NOV
32% Jan
*201
-
41%,
7*5177;
343/8/
343/8
*56
7 57%
\: 12 ;■ *12%"
,
109%
6
Oct
27% Apr/24;
49 '
Range Since January 1
Louis
303/a
32%:,
32
.343/4.
97% Mar
1093/2 Feb
July 23
Lowest
29%
29%
204
Deo
1
29 Ye'
v
18%
1
40'/a'
165
Jan
1
213A
204
.
Dec
9%
Nat Automotive Fibres Ino
39%:
'
21%
26%
,.
,
•:.31;./.-:-'
f! 21
'
32%
.
473/4
National Airlines
*27%
,
17'/4.
'
-7
35
7
28
167
58
*56
r
207.
*165
343/4
-
34%
■
*204
166;
Jan
National
22%
-
31%
2,100
41
.28%,:
104 % 104% :
373/4 737%
32 y4
1,700
21%
.52
23i/i Mar
9,800
40
31%.
May 31
;
413/4
293/4
105 %
207. /
*204
,
23
St.
Dec
33%
I6I/2 r,
22%'
*53%
37% .37%
,
17
41
&
Dec
21% Jan
25%,
40%
51%
28%
104
373/s
X35%
-
31%:).
31%
*104,.: 1043/4/
17%,
Chatt
Dec
54
21-77
>
30%.
30%
Nashville
61
38
2P/4
*51%
9 fl
..27%
210
*203
42%
233/4
22%
393/4
29%
,7
,24
'
35%"
*42.
.
35:
52
,
,
34
33.3/4
,
Jan. 15
151/2 July 23
Rash-Kelvlnator Corp^.—
Deo
Dec
Mar
533/j
41
663/4 May 29^
22% Jun 13
1081/2 Jun
Deo
24%
34% Jan. 16
25
Jan
76
Deo
21
16
-
28'A
28J/4
.
30
*17%
24%
32%
22%
734
42%
21'*
313/4
22'%
210
*29
66
;
9"per share
'
42.
29%
16%
33%
7
;
36
EXCHANGE.
12,500
f 120
;i
393/4- :
Dec
25%
253/4
16%
283/4 -'
3
26
20
STOCK
YORK
36
38
38%
25%
*199%
■:
17%
233/4
•
38"
,17
22%
*28
30%
24"
22%
38%
26
16 5/8
28%
;*29
17%
42%
26
.
34
34%,
*199% 210
s
30'
38%
,
22 %'
.
28%
21ft
30
>
'
Jan-
Jun 21
36% Mar 21
7
Dec
47% Jan
73/4 Aug 12'
30% Apr
3
62
Jan 29;
104% Jun 27
Shares
20'/4
20 Vs
39%
38%>-
NEW
Sales for
the Week
I per share
20%
263/4,
*51
Aug. 15
38V2
16%
/
Friday
Aug. 16
Thursday
I per share
39
25%
*
200
Jun
62 y«
253/4 Jan
22
Apr
STOCKS
21%
^ 37%
28%
61%
61'%
20%
16 3/4
/v-:
62%
300
PRICES
38%
37%
23.
62'%
200
2,400
49%
39%
26%:
41%
64%
800
41%:;,
17
*48
213/8
16%
I
487/e
383/4
26%
?
48'%
Mfg CO class B
—I
$7 preferred^——..No por
Munsingwear. Ino
.——.....5
Murphy Co (G C) com__,
1
43/4 % preferred
.100
Murray Corp of Amerlcat^...***.!?
4%/preferred .i.i.-,
Myers (F E) St Bro
——No par
50
1,100
49%
Jan
36
1041/4 May 29
*16% Feb 26
Mull Ins
16% Jan
;
Apr/ 8
44-
1
....
Jun
5% Jan
,
283/aFeb
"
4,800':
(iV-
1091%.
16 3%
203/4'
-
37%
34
;'493A
Aug., 14
CLOSED
*201%
41%
109i%
173%
Sper share
EXCHANGE
28%
42
110
/ :-.v
Co—
Dec
16%
573/2 Aug 13
47%'Mar.:j;4-;'
25% Feb 26
,%Motor Wheel -Corp———.8:■
Deo
37
135 »/2 Jun. 17
53
No par
5
Brass
48
2
22
4
Deo
124
23s/a July 15
5% July 29
10
1,600
Mueller
/ 70
23
July 25
July 26
71
..
1,700
V-,
20% .21
17.
Wednesday
Aug. 13
Sper share
109
•106
21,
42..:
18 "
493%
109
Motor Products Corp..
1,000
293/4 iiBO'%'
•%54
20 3%
21»% :
.21'%
—-
$2.50 cum pfd—————,—5Q
Morrell (John) & Co.
No par
200
;
26 %
•r
.
Jan
52
521/4 July 29
126
:
—i
13 3A
Jan
22% Jan
:
17% Jan 24
July 23
211/4 July 23
series A—No par
Co
No par
Oct
7% Mar
May 31
32% Jan
58%
109%
44
341/8 July 23
-
Dec
42% Mar
5:
19% May 28
3
27
261/4
1193/4 July
1
563/2 Aug
9
29% Mar 13
Feb
75
Aug
13
Mar 25
10
Deo
Mar
Oct
160
53 / Mar
129
X45
63%
Jan
9
Dec
36
Jan
137 '
July 11
117
5
new
35
1
681/4 Apr;
July 22
401/4 Apr 30
11% Jan
9
26% Mar 18
117
20
1.25
Moore-McCormack Lines Inc...
9,800
54
.26.:
Co
Rights
-
..
,62
,*52;.
*1093/4
42%
110
*62'%
20%
21
21
%
preferred
Montgomery Ward
663.400
29%
29'%
*59
55%
*106
;-213/4
50
::
.27'%
54'%
/
.
•;2i3/4
17%
$ per share
STOCK
56
.
173%
LOW AND
'
$3.25
78%'
Chemical
Monsanto
4,100
131
78"
93
14'A Nov
Jan
73/2
Feb
-173
Tool——No par
Mach
Mouarcn
56
*1293%
29% ,30
?30%
*49'%
*
26'%
109
213%
42
17%
*48
X21'%
*106
110
*109'%
18
38%
56
24
37
July,
62'/j Jan
July 23
/ 563A July 30
153/2 July 24
513A Feb 25
No par
Mohawk Carpet Mills—
Mojud Hosiery Co Inc new
4,100'
%
45
1561/2 Jan
100
StP&SSMA vtc
18% Feb
3
3iy2 Feb 26
par
Mo-Kan-Texas RR——par
7% preferred seriesAi-.——100
f
3,500
1,200
52
52
#27%
30%
57'%
1093/4
1.700
.
37
213/4
61,.
*59
53
*50
30'/a
*17%
11%
*37'%
29%
29
,62
571/4
4
:
.'301/4
29%
*60
51%
:
800
39'%
63%
.
80'%
79
700
•211%
132 ;
*1297/s
800'
,
16
107,500
62
*>27'%
273/4
273/4
81%
30'%
*60
53
*51
131%
80'%
260
*62'%
38'%.
563%
56'%
No
1st preferred..
Minn-Honeywell. Regulator
.3
3.20% conv pfd series: A
100
Minn Min & Mfg—.———No par
Minn Moline Power ImpL
1
$6.50 preferred
No par
Mission, Corp——^——10
•:
7'%
29'A
62
*59
7
*38
56%;
*129%
80%
78'%
38%
56
57'%
*129'%
7'A
*37%
38%
131
Steel
cum
900
37
22%
79
6%
Products
8%
.10
Minn
*103%
'
63
233%
13P/4
763%
Aug. 10
37%
23
57'%
56%
Saturday5
ll'/a.;
37'%
61
38'%
*37%
Midland
•
119
39
11
:
23%-'
*127
>
393%
61
22%
Petroleum;
10
;
110% July 19
106% May
Minneapolis & St Louis Ry—No par
55
77'
Nov
45% May
3
600
153%
*118
119
39%
37
*54%
15%
*118
2
May 15
523% Apr.
21
Nov
87%
9
18
16
600
62'%
2
29%
33% Mar
10
32% July
473/4 Deo
Jan
35
1053/s Jun
14% Mar
64% Jan
10
61% Jun
Mid-Continent
400
>
119
*118
Dec
Deo
'
1133/2 Apr
60
*59
,
5§%:
153/8
119
*393/4
623%,-.
30 y8
25
8
353/2 Jun
26
123/a Jan
5
Copper
17%
*16%
Jan
51 ys Feb 26
3,800
■■■;
/.
164'%
60
•
119
543%
'
v
16%
16
16®%
119
11
I per share
62'%
62,
37
*60
*162
164'%
118%
55'A
55
55%
*16'A
*116
119
39%
63
119
55%
16%
163%
42'%
48'%:
Deo
27
Jan
1081/4 May 10
Miami
J
*117
55%
55%
*116
/
rl7 ' " rl7
117'%
117%
41'%
50
*49
Dec
Machine Co—^—.^—8
1,500
14%
48%
423%
42'%
*•
14 Vo
14% v:
Nov
12% Mar
593% Jun 28
106% Jun 12
-
15
Feb
1093/4
571/4 Aug 13
563/4 Aug
7
25
221% Mar 14
70
Dec
Sep
-
Metropolitan Edison 3.90% pfd—.100
Mesta
400
»
cum
>.
pfd...—.
Co
&
$3.50
100
,
iii3%,;
*111
400'
2,100
/-:
no'%:,"
553%
1113%
;
673%'
66%
; *
583%
*111
48
*44
•
J.10
*57'%-
1113%
"■
48 3%;.
*44
110
57%
57%
1113/4
*15
50
93
*86
293/4 ,..30
Aug
Feb
■
110
*111
93 "a
*87
.
67
110'%
58
*55
'48%
*471%
*1091%
67
663/4
*1091/8
90
,30
"47%
56
43
-;
41%
173/a
10
28% July 23
95
*90
4%" 2nd preferred...
703%
13 ya
4
Jun
36
Jan
'Apr
52"
10
105% Aug 13
Aug; 7
105%
57'/4
Jan
357/8 Apr
3
25
Aug 16
56%
70,r
Dec
11
105%
:
36
1041/4 jun
56%;'
,
Jan
193/4
24
57
1051%.
NOV
30% Jan
56% Jun" 3
56%
105%
Deo
43*
9
481% Apr 22
563/4
*1053/4
323/4
2
10
Movjuay-Norris
1,900
'
55%
Jan
41% Jan
Mead' Ctorp.—:«»No pat
300.
>
Deo
Jan
193A
--.--.—JVb' par
preferred
Oct
Sep
27%
Apr
69'
55
114
May 27
3iy«Mar 22
53% Aug 6 <
8
Dec
Jan
Apr 23
463/4 May 29
1
Dec
16%
Aug
40 3/4
18
No par
McKesson & Robbins Ino;
2,000
,
-
,
43 '
May
533/2
Jan
110
6
Dec
1093/2 Nov
Sep
8 3A
May 31
71
2
333/4 Mar
1
104 i/a
Deo
Nov
195
Jan
341% July
5
Mar
118
109% Jan 14 ■.?< 122
-.100
'
,
55
50
Mclntyre Porcupine Mines
Jun
17
13'/4 Feb 26
63%
33i%
Jan
176 »/a
May 10
Jun
48
/
Mar
40
:
18
1121% May 13
1081/2 May 29
-t
McGraw-Hill Pub Co
48%,.: '
70
18
800
106
195
5
Apr
Deo
243/4
22 3/4 Aug
26
400
26'%:r/26 y8f
104
104
';
27%
38 3/s May 29
Feb
36%
*31'%
•;
481% May 28
26
Jun
533%
283%
33%
26
75 7
26
McGraw Elec Co..
48%
30
-333%
26
Feb
Oct
463/4
97/a Mar
521% Feb
2
48
260
*1047%
106i%- :■
5
281% Feb
Jan
Dec
111
Jan
21%
2
30-% Jun
Sep
109
112'/a Mar 25
V 453/2 Feb
;
Dec
Jan
42%
Jan
,183/4
07 Va Apr 24
25
111
533/4
36 '/4
49'/s
106'% .106'%30
"29%
29%;:
*313/4
.
49%
49'%
,49
108
*106'%
108
53%
54
Feb
—No por
800
116%:
.
18 3/4
73/8 Mar
£15% Apr
34
No par
41
41
41%,,;:
4
23
rnrp.V.•
McCall
Dec
11% Feb
.
No par £
No par '
McCrory Stores finrp ■
3%% conv. preferred.
116,
115i%
41,
361% :
.37%
600
500
54%
35
(/"•"
*33
,
Dec
7%
II1/2
20
.
$6 1st cum preferred
39%
Jan
20% Jan
39
,1.100
Maytag Co
$3 preferred
100
..
preferred
36'%
;'.35
115i%
:-,V
'»
115
*112
No
Department Stores^
$3.75 preferred
52 3%
*50 Ye
■■
Wks
Jan
3%
28
par
1 £
Co-
Alkali
Dec
par
No
—No
May
/
110
*108%
'
40%
7%
*
<60.
Eleo
Mathieson
1,800
34%
205
:
-
Master
500:
.
Jan
8
1
Oct
321/2
24 -■
461% May 31
26
109 % Aug
2
37
July 25
^
(Glenn
Martin-Parry Corp
Masonite Corp
1,200
40 %<
34%
115
*34
,
67%/
*202
14%
52
Martin
.80ft
14
Nov
July 23
9
preferred——-——--.100
25%
% Jan
525
15%
14% Aug 16
S
..100
COrpRy 6% prior pfd
Marshall Field& Col-—-.—NO por
& 59%
-V'/
110
*112
St
7 361/4 Feb
Jun
7% May
14
Jan
8
7 26
Deo
25%
Mar
425
7 16 3A Apr
26
5 >/a Aug
1,500
395/a~
25
61%
52
115
35
;
1153/2
115
"
51%
*112
115
;
Midland
Market
<
17
Aug 15
526
10
19% Mar 13
1
4,10ft
49
:
par
6
Oil Exploration
Marine
111
39%
243/4
205
59%
*108%
*112
48%
*109%
-
66%
*202
62.
14%tv
i£ 39%
X61%
15
10,800
510
40 %
64%
/ 64
63,
9%
67 3%
343/4
•
63%
>
9%
14 '%
40%
:
No
Ma-racaibo
25%
t.
Bros
Manhattan Shirt
67 3/4
*202
;
25%
Mandel
12% Feb
-
Highest
"
I Pershare
17% July 11
303/a May 28
6
Jun
Previous
1945
"
I per share
< per share
,
15% July 26
22 V4 Aug
1
Lowest
Highest
share
per
520
....50
Co
500
V.
39%
26
Sugar
200'
49%
.
Manatl
5Va,
111/
26
2,800
38%
I; $
■
.10
Mahoning Coal RR Co
22
-■
Lowest
Copper.i—«,
2.000
133/4
38%
143/s
39'%
Magma'
800
■
.
Year
Range Since January 1
/-■
'
Madison Square Garden hew-No par
1,000
;
Range for
/•>
V
.
::1 Par
/■/:
;/-:'5;%
%
9%
143/»=
.
A *21
38%
& 5
5%
49%
25%
*202
22
.
38%
*109%
39
,
*21!
.13%
:■
50'A
39%
67%
205
14
*109% 111
39%
39%
111
25%
,
14
,
39%
36
*202
5%-,.
9% .,»%..
14%
14%
50%
*109%
39%
36
5%
23
525
*500
15).'
526
..'
16%.
16%
23%
522
v
22;//
39%
'•
*38%
'•*
9%
14%
67%
*38
*21
5%;
f
-9%
39%
26%
26
14
39%
*5%
111
39%
14
*23
645
"14%
.
16
*15%
23y4
*525
.
'V:*2'f^22,;v:
'
50%
*109%
546
■
NEW YORK STOCK
>
EXCHANGE
Shares
6 per share
6 per share,
' r' STOCKS
•
.
,/
v
the Week
Aug. 18
Aug. 15
16%
23'%
23%
14'
•
Xl6
16%
*23
•525-
!>
,
Sales for
Friday
Thursday;
16
'
/
613/4 May 29
135
Jun
10
:
Dec
58i%
oct
21%. Jan
353%
Dec
Jan
75%
Jun
45
32
Mar
103% Jan
148
Jun
THE COMMERCIAL ft FINANCIAL CHRONICLE
Monday, August 19, 1946
NEW YORK STOCK RECORD
STOCKS ^
// A:
Monday
Saturday
Aug. 10
•
stock
'A:.' A,
'-. A
•
•
T^A
;©
325
*310
A:/A./"-;
•
19%
' \V
40
*31
•66:
.
75
109
109
.
19%
19%
•109
109%
170
NY
19%
500
46
46
*45
X259
262
261
263%
261%
261%
128
128
128
128
129
129
•-
:y
33%
33%
14%
14%
14%
*114%
116%
*114%
27%
27%
"t : ©'':•©
44
28%
28%
110%
*110%
43%
28
13%
44%
52%
52%
*15%
16
xl5%
21%
20%
21%
*20%
27%
Jun
28
Light 3.90% pfd—100
part stk
l
&
Western
Ry
106% Apr 30
18
Aug
43
July 26
246
Jan
3
,121
Jan
11
A 29 % Feb
26
_1
Northern Central Ry Co.
Northern Paclflo Ry
12% July 23
.50
100
111
Jan
17
Mar
162
400
13% Jan
500.
Norwich Pharmacal Co.
18
July 1
36% July 23
Apr
1
45
Feb
7
26
J per share
.
Jan
41
325
Feb
19
53
Jan
Mar
410
110
Deo
24
% Mar
37% Jan
19
50% Oct
258% Nov
126% Nov
219
Jan
,118
Aug
A18 V£ Jan
11
Oct
31%
9% Jan
105% Jan
May 22
Jan
39% Nov
29 A NOV
65 A Nov
102%
28% Feb 18
288% Apr
5
129
Aug 15
39% Apr 20
A 16% Feb 16
Jan
Sep
14% Aug
113% Mar 18
36
Norwalk Tire 8sRubber-
2,200
28%
25% July 24
340
42%
37% Feb 16
117
110 %
Highest
t per share
41% May 28
May 3
3
Northern States Pow $5 pfd-No par
Northwest Airlines
JNo par
Northwestern Telegraph
80
170.
,
1
100
10
i per Share)
:©:-
A Year 1948
Lowest
76
100
pfd
non-cum
North American Aviation
6,600
27%
•110% 111
21%
.
275
North American Co
8,300
15%
•21%
Power 8s
Adjust 4%
12,700
52%
16%
-,__60
Noblitt-Sparks Industries————-8
117
42
52%
16%
7
Norfolk
90
13%
•115
•110% 111
81%
51%
Jan
555
•-
129
33% 0 34%
15
45
44
44.
-
27%
111
129
117
28%
27%
110%
111% 111%"
'259% 264
34%
147/e
•115
*114% 117
57
400
46
33y8
15
14%
14%
117
*45
.
34%
: 34%
34%
No par
N Y supbldg Corp
•19%
19%
46
24% Feb 27
par
■
Highest
A 27% July 17
No par
—No
$5 non-cum preferred
N Y & Harlem RR Co
325
46
33%
N Y City Omnibus Corp
New York Dock
•305
A
Lowest
$ per share
700
28%
28%
Range for Previous
Range Since January 1
Shares
.
128
46
Aug. 16
;/ NEW YORK STOCK
EXCHANGE
'/AAA'
40
75
"'•>310. v 325
109%
19%
:
;
28%
:
,
the Week
I per share
256% 158
A; Av..AA•:♦;" A■ }'■
;
28 W
share
*31
325
109%
109%
©;© - vc©A
j;©'■ A'khA©i-A
•
28%
per
*66
'
103%
*127
r
i
♦28%
40
72
*66
,
A >19%
'
;
-
©:©
75
*310
CLOSED
■
40
■A#
.
v;
Aug. 15
v:.
-'
Saleufei
Friday
Thursday
4 /■; # per share
28%,
*33
*32'A
»66J
/
Wednesday
Aug, 14
share
28%
28%
28%
Tuesday-,
Aug. 13
$ per
$ per share
exchange
C
.
Aug. 13
• per share
'i■■
'
Deo:
15%
Deo
112
17% Jan
Deo
38% Deo
116% Mar;
114% Mar 13
110
56% Jan 11
55% Jan
3
26% Mar
63% Deo
46
Apr
57
Nov
Jan
15
Deo
19% May 15
25
May 23
July
6%
A 12% Jan
21% Deo
i
*111%
•111%
112
27 %
27%
22
29
/V 29%
*110% 111%
015%
15%
117
47
35%
174
*30%
107
87%
>21%
15%
117
117%
116%
46%
173
30%
46%
34%
35%
V 174
32
*101
-
104
14
14
14%
14%
14 3%
22%
23
*22%
,
200
14%
*i4ya
14%
22%
*21 Ve
22
*74%;
76
*37 '
38
:
*74%
77
*37%
39-
*37%
39%
*37%
39%
37
441/8
44%
44%
44%
44%
44%
44%
44%
Pacific
3,800
643/4
643/4
65s/8
65%
65%
65%
65%
800
♦64
42%
/A41A
;
41%
41
41
156
152
177
177
177
7%
29%
7%
28
9
20
Pacific
Gas
Electric
&
No pat
49%
1083/4
77%
•108%
93/8:
115
*110%
41%
1,500
153
210
*175
177
120
9
A-
18%
18
17
16%
16%
48%
49
108%
108%
9%
9%
"
49%
49
9%
80
*108
•
108%
*77%
79
300
*110%
115
37"%
36%
37%
36
36%
35%
36%
80
81
34,900
81'%
81'%
79%
4%
79%
78%
78%
700
4%
conv
No par
preferred—
100
1
Paramount Pictures Inc new
Park &
Tilford
Inc—
5
5%
45%
46
-4%
46
5,200
46
46%
45%
46
45
45
35
35
1.400
Parke
33'/s
35%
34%
34%
34%
34
35
18%
18
18
2,900
Parker Rust Proof Co
17%
17 %
18
17%
17%
17 %
17%
17%
17%
1,600
17%
17%
17%
17%
17'/8
3.300
Patino
Mines
79
'79
80
78
78
76
76
500
Penick
& Ford
50%
513/4
51%
513%
50%
51%
50%
39%
393/4
51%
6.900
39
393%
38%
38%
38
38
1,600
11
27%
11%
11%
11
27%
27%
•37%
11
27%
39
21%
36%
37%
22%
22%
.
22%
37%
,47%
*46
,.62%
*62
47%
*61
109
*28%
30
*26%
28
37%
37%
36%
45
62%
293/4
100
f
39
A
108
293%
47
28%
28
*26%
28
124%
*12
25
124%
;'
-
"31 .:•>
100
*37%
A
*107
..
12%
12
30%
30%
*100
39%
104
*37%
108%
12%
Aug. 10
I per share
;
Aug. 12
• per share
?i47/a
Tuesday
Aug. 33 A "
12
14,900
26%
105
A 200
39
300
*38
12
*
A 100
A 300
108%
10
11%
11%
When
14%.:
f76%: 77%
15
;
Aug. 15
$ pet share
15
147%
4,700
$ per share
15
14%
the Week
I per share
14%
15
77%
2,000
75
75%
75
75
42 %
43%
42%
2,800
43 y2
42%
43
73
CLOSED
14%
77%
73%
73
41% * 41%
73%
73
73
73
113%
♦113
73%
114
*113
113%
28%
32%
119
114
28%
29
*31%
32%
*119
'77
ni3
28%
29
*31%
120
76
120
*
*72%
114
*113
*119
29
28 5/a
31%
32
32
119
119
119%
16%
16%
37%
16%
17%
16%
16%
33*,
32
32%
32%
32%
31%
32
47%
47%; 47%
•
•111'/«
47
*31
113
106%
*105
106%
*105
106%
*105
106%
*124
32%
124
*32
X33%
33%
*33%
31%
327%
69
69%
31%
30%
30%
*28%
35
35
35
*34
*108%
110
34%
108%
109%
>
23 %
A 41
23%
>*2C8A"
208%
is 41%
23%
A
108%
11%
101%
*24
213
40
41
10
10
16%
16%
41%
•133
*88i
.
*22%
.
88
V
24%
•198
-
25%
29%
29%
53
V
53%
*20%
55%
•102%
40
For footnotes
sea
103
:
■
/
40
.
•
553/4
62
*102% 102%
40%
21
22%
21
55 3/4 y
66
.
*53
65%
61%
61%
60
102%
102%
*102
40%
40%
40
100
800
29
A
53%
213/4
400
21%
55
65%
60%
103
40%
65%
1,900
20
89
20
87
180
28%
4,500
53%
200
20%
1,500
21%
A.
30
Dec
17%
Dec
22% Jun
17
24% Jan
29
'A© "Av ©.©©
6% Mar
xl8
Oct
A
59
Deo
24y«Mar
Jan
i per share
Apr 2
Jan
5
Jan 21
May 7
111
Jun 26
No par A
27% Feb 25
No par
27% Feb 25
(Chas) & Co Inc
Phila Electric Co. com
$1 preference com
13
35%
36%
65
117% July 29
—J00
4.4%
preferred
Phila & Read Coal 8s
Iron
1
3
5
—100
10Q
Phillips Jones Corp
Nonpar
7% preferred
100
Phillips Petroleum
No par
Phoenix Hosiery—......8
'V
Corp
Philip Morris & Co Ltd
4% preferred
A 3.60% series preferred
-
49
28
7%
preferred.
100
134
A
,
1
100
100
-10
,
Mar
8
Jan 2
97% May 17
21% Mar 13
23
Aug 5
197
July 11
203
Jan 14
38% July 16
9% July 24
14% July 23
—No par
•
■
Plough Inc new——————5
Plymouth Oil Co—
—8
1
19
Aug 7
x21% Mar 4
—No par
31% Mar 12
Poor & Co class B————No paf
18% July 15
Pocahontas
19% July 24
July 24
Feb 26
44% May 6
102
Jun 21
33% Feb 19
60
6,800
103
200
1,300
$4.75
cum.
30% Dec
Jan
Nov
113
24%
Dec
Apr
Dec
33% Aug
37% Mar
30% Jan
46% Nov
69
Jan
14%
Apr 22
Jan
96% Nov
43% NOV
49
Nov
46
109% Jun 17
43% Mar 18
109
21
11
Mar 12
Dec
preferred—-_No par
Public Service Co of Colorado—20
51
62
38% NOV
Jan
26
Apr
105% Nov
8
14% Apr 13
41%
Deo
108 /
Mar
13
Jan
Doe
Range for Previous
Year 1948
Highest A/
#per share
16% Feb
80
May
8
9
x48
May 23
76% Jan 22
117% Jan
30% May
34
122
18
1
July 10
May 16
19% Feb
47
5
Jan 17
71
Jan 28!
112
Jun
106 y* July
36 / Jan
130
10
A Lowest
Highest
$ per share
.
I per share
9% Jan
19% Aug
15%
NOV
36%
Deo
25
Jan
40 y4 Dec
57
Jan
71% Dec
106%
115
Jan
Oct
21%
Jan
29% NOV
25
Jan
29% Nov
117
Aug
12% Aug
31% Mar
56% July
107%
122
Apr
19%
Nov
44%
/
Deo
74
Sep
113
Sep
Apr
24
8
July 18
14% Jan A
111
34% Deo
,
Mar
124
Deo
44%
Jan
69% Dee
11
11
Jan
35
35% Jan 18
28
Jan
37% Nov
105
Sep
July 26
4%% preferred ser A———50
Procter A Gamble——
No pat
Publicker Industries, Inc.———5
59
20%
51% Jan 25
41
Pressed Steel Car Co Inc.———1
*102
Dec
.
111
49% July 16
68
May 22
115
73% Jun 10
Pittsburgh Steel Co
No par
7% preferred class B——100
123
Jan 7
5% preferred class A
—100
65% Jan 3
5%% 1st ser conv pr pfd
100
83
Mar 25
Pittsburgh 8c West Va—
—100
22% July 25
Pitts Young 8t Ash pfd-100
—
Pittston Co. (The)
——1 *©
Jan 3
Pond Creek
17% Jun
33% Deo
19
27% Jan 24
23% Aug 15
47% Feb 16
Feb 27
30% May 16
106% Jan 12
28
—No par
Pittsburgh Forglngs Co——
Pitts Ft Wayne & Chic Ry
July 24
123% Jun 20
;
—
-
14
30% July 30
42% Feb 27
105% Feb 7
102
Apr 27
25% Feb 27
Phllco
Pillsbury Mills Inc
$4 preferred ——
May
49% Deo
HYe Aug
37% Aug
115% July 15
''
Lowest
No par
1
Phelps-Dodge Corp
28
Philadelphia Co 6% preferred
50
$6 preferred
No par
Pfizer
72
Jan
Range Since January 1
500
2,400
40%
5%
Jan
116% Jun
4
35% July 30
106% Apr 12
10% Mar 13
4,900
65%
40%
39% Nov
Jan
'83-:..
A 88% Jan
100
8
:
Pfeiffer Brewing Co
Pitts Screw & Bolt—
24%
55
Feb
21%
43% Jun
119% Nov
For
Pitts Plate Glass Co—
200
20%
29 y4
July
19% Jan
25
EXCHANGE
6,200
20
*53%
2%
21
92% Jan
29% July 23
NEW YORK STOCK
-A
6
Feb 27
x40
No par
4%% 2nd preferred
Petroleum Corp Of America
"20
900
20%
29
35% Aug 13
17
4,200
25
28%
July
73% Deo
19
23%
25
*51
35% Aug
$5 cpnv preferred——_
-No par
Pitts Consolidation Coal Co——I
39%
110
Jan
40% Jan
36% Jan
30
*19
20
32%
132 / Jun
100
Pet Milk Co
4,800
*22%
106% Oct
11
30
Mar 13
Pitts Coke & Chemical Co—No par
213
Dec
111% Jan 14
2,000
25
Oct
14 V*
X80% Dee
33%c
100
100
11%
*198
•
28%
*50
3,800/
50
15%
16
*133 A 140
85%
*19
29%
39%
■
♦87%
88
20
21
65
A
88
,
25%
53%
*53%
65%
6134
140
*25%
29
22
A
10%
i6%:
24%
*20%
23
40
*86%
*52
:: 20%
10
~
*208
25%
25%
19
29%
53%
39%
9%
88
•
23%
*197
♦133
.
110
111
Jan
43
Jan
2
89% Feb 20
28% Aug
7
101 %
*23%
56
100
Co
Pitts C C & St Louis RR-
*100
24%
*22%
*198
'
65%
40%
89%
88
24%
*198
20
A *54
*88%
*23
34%
11%
213
*16%
140
88
24%
26
20%
page 971.
:
AA:29/A
A *51
65%
61%
60%
89
22%
65%
*133
88
;
*19
23
55%
,
88
*23
*25%
21%
.22%
140
89
.*198 A
.19 AA19%
/
A
'
/
25%
.
A *133
89
•86
A
'
10%
16% Al6%>
r
*208
.
.
" 16%
140
11%
*197
*208
30%
*108%
101%
23%
23%
24%
300
68%
*135
*100
23%
32
127%
68'
108%
11%
>l9?,:A
10
10
.
/ *16
*31
*135
11%
101%
A 23%.
\>24./.;
213
41
10%
A
101%
: 23%
A *.197
i
24
?
U%
*100
*197
;
*135
11%
23%
23%
;23%
208
*28
*135
:
31%
*124
127%
69%
-
31%
109,
34
46j/8
69%
*122
70
471/a
34%
124
69%
"28
101
3,400
*111
31%
101'
46%
113
32%
12
3,200
*105
*135
10,400
32%
46%
*111 :
*27%
11%
30%
6,400
160
16%
113
69%
*108%
120
16%
*111%
125%
69%
Ry
Pepsi-Cola Co
Pere Marquette Ry Co
5% prior preferred
©5* preferred
600
113
32%
♦124
46%
.
*111%
113
106%
*105
/47%
10
29
31%
16%
270
114
28%
31%
120
32%
8,100
73%
28%
31%
Eastern
Shares
42%
-
——
Light Co
distributed
&
Sales fur
Friday
Aug. 16
417/b
STOCK
EXCHANGE
&
©©©©©STOCKS <©
Thursday
Aug, 14
• per share
No par /
28% Feb 25
—100 A 110
Jan 12
No par
21% July 24
21% Aug
9
Peoria
124%
*107
Wednesday
,
preferred
Power
11
—7
Co
Glass Sand Corp
100
*95
A.
Penn
LOW AND HIGH SALE PRICES
AMonday
Saturday
Cement
35
Pennsylvania RR—50Pennsylvania Salt Mfg Co
—10
Peoples Drug Stores Inc
8
Peoples G L & Coke (Chic)—
100
100
m
X39% Nov
106% Sep
A 4% Mar
28
400
30%
Jan
29% Apr
,
16 % Feb
30% Jan
26%
39%
Dee
July 23
23% Mar 4
124%
108%
*107
20
Penn-Dixie
700
A"
29
30
Deo
13%
;
29
21%
5%
109%
*109%
28%
-
Deo
16% Mar
79% Jun
Penn
65
32% Dec
12
1,400
>
••
mmurn
Jan
45% Jan
18,400
*45%
5%
Oct
•
57% Feb
37%
*62
4
6-Mar
4
39%
65
7
82
Jan
ley* Jan
5;
Jan
36%
A: 109%
-
Jan 10
3
9
Dec
Nov
*60%
mm
1,400
116%
24 A''
47
*62
109
27
39% July
Apr
7% Jan
48% May
Feb
13% Feb *26
17% Aug 12
5
—-No
12% Feb
42
46
Jan
Jan
Jun 21
July 16
37%
126
:39
Enterprises
22% Dee
Jan
34%
48
11% Feb 26
34% Apr 22
4% Jan
par
2.50
24
17
67
23%
*124%
107
&
Mar 18
35% Jan
28% Jan
Mines—1
No
48
49
.23%
•A '30%
98%.' %AlOO/v
98%
Consolidated
Davis & Co
23%, Nov
89% Nov
par
23%
'© *26%
V.
Utah
11% Jan
Penney (J C) Co
;
No par
Penn-Central Airlines Corp.
—1
Penn Coal & Coke Corp
10
27,300
10,700
28%
38%
♦114
23%
31%
126 ;-A
107
12%
.
27
*37%
24
*45
62%
109%
*28
*124%
♦38
46
623/4
109
31
27%
Park
•*
23%
233/4
108%
*26%
-
•107
12
116%
*28%
•
126
*98%
*114
108%
31%
/ 31%
*124%
116%
A 22 %
47%
'
*10%
39%
27%
23%
23%
•
4%
11
*37
22%
-
*106%
11
27%
38%
$114
116%
22%
37
22
11%
27%
39
*114
1\6%
21% / 22
*11
5%
*37%
27%
*37%
*114
♦78
Dee
Nov
13% Jan
14% Jan lo
90% Apr 25
110
May 1
67
Parmelee Transportation..—No par
173%
33%
17%
17%
■!'
DeO
79%
45% Mar
20% Apr
9
56% Apr 22
111
Apr 30
33% July 23
1
45%
39%
95
86% Mar 19
8% July 23
75% Feb 26
108% Jan 10
—1
Paraffine Cos Inc
•
37
80
5%
Jan
Jan,
19% Jan 22
25% July 11
16% Jun 26
37% Jan
3
107% Jun 26
—8
Panhandle Prod. Ac Ref.
2,900
115
*110%
9
38%
5%
32%
74
68
Aug
17% July 16
,
Panhandle East Pipe Line—No par
4%
preferred
—100
250
3%
Airways Corp—2%
Pan-Amer Petrol & Transp
400
3,100
80
*78%
115
*110%
40
153
177
*16%
/
40
154%
•
18
108%
9%
80
22%, Jan
111% Majr 29
100
Apr S
10
Pan American
77%
34% Nov
36% Dee
168 A Deo
Jun
12,700
108%
A 9%
Jan
175
18%
163/4
9%
Jan
Jan
23%
155
7
Jun 17
160%
22,600
77%
13%
2
181% July 17
8'/8
9%
51% May 22
Nov
?
18% Deo
X118% Deo
Jan
149% Deo
8%
77%
119
121% Jan
W
49
107
180% May
35
34% Deo
Jan
11% Jan
48
Apr 24
160% Jun 13
3,300
50
24% Jan
106%
67% Jun 14
7%
49
3
xll9% Jan 14
17% Jan 18
120
Feb U
39% Feb
Oct
23% Dee
47% Jun
29%
49%
Jun
112
6
71/8
"
18%
*39
2
29%
49.
36
107% Jan
16% Aug
1
14
56 V* Mar
28
Pacific Lighting Corp
Pacific Mills
Jan
29%
16%
5%
la
r7%
18%
Jan 19
29% July
22% Jun
-75% July 23
34% Jan 19
40% Jan
4
8%
18%
5
13% Aug 12
10
r7%
16% 116%
37%
Co
preferred non-cum
No par
2nd preferred non-cum—No par
*28%
18%
>79%
Coast
1st
9
7%
17%
115
•
30
18%
*110%
7
8%
*16%
108%
30
7%
; 18%
*108
2
Jan
Jan
*28%
9
8%
.'
Jan
91
75
7%
178%
8%
28
par
12.60
Go
Glass
28%
178%
7%
77. r
37%
41
156
*27%
27% Feb 26
$2% Feb 25
166
Jan2
No par
35
July 24
Pacific Telep As Teleg ..——...100 A
142
Mar 6
6% preferred.,...100
:.171
Jan 3
Pacific Tin Consol'd Corp
1
iy8 July 24
Pacific Western Oil Corp
10
23% Mar 14
Packard Motor Car
No par
8% July 24
156
180%
*178%
*74%
*155
413/4
157
157
10
Paclflo Amer Fisheries Ino———I
430
77
65
*15
No
Owens-Illinois
2,000
14%
22
„
*74%
44%
100
July 24
Jan 2
No par
com
Outlet Co.
30
77
/
July 29
14
8% preferredino'
Outboard Marine & Mfg.
—2.50
2,100
•74%.
65
110
6
112
//A A P ©Ay-
23%
44%
Elevator
26
100
Oppenheim Collins
Otis
30
87%
>
•
19% Feb
21% July 19
27% Feb 26
-No par
convertible preferred
(The)
8% cony preferred A
Omnibus Corp
500
107
87
108% Jun 26
20
4%%
.
2,400
28%
28%
•101%
120
1,900
220
*170
pfd
Oliver Corp.
3,600
A
<
•44
173
*29%
102
102
28%
111%
15%
Oklahoma Gas & Elec 4%
200
22%'-,
pfd—100
Ohio Oil CO—A..——NO POT
7,200
28%
88
22%
13%
.22%
27
*110%
-;;u35%:,-35^V-'
174%
30%
32
*102
V26%:
1
15%
*45
357/8
*171
Ohio Edison Co 4.40%
•111% 112%
•
v
29
15%
116'A
47
35%
35%
174
28%
;
117
47
46%
22%
-111% 111%;./
15%
117
■
*217/8
1
111% 111%
15%
•111% 111%
26%
27*
27%
22
297/a
*29%
117
112
27%
22
*21%
110
136
Jan
Feb
7
126
106
8
85% Jan
20% Dec
8
15% Jan
8
Feb
16
106
26% May
30
Feb
202
May 15
210
Mar 29
190
39%
48% Jan
15
Jan
30
6%
22% Feb 16
141
Feb 27
8%
14
108%
118% Aug
8% Mar
May -3
15% Feb
96% Jun 14
99
"jan,
Deo
Deo
Feb
Sep
11% Dec
Dec
23% Nov
•
;
25% Deo
205% July
A 44% Deo
Jan
12%
Jan
Deo
15% Deo
117% Oct
Mar
49% Mar
;
69%
Jun
91
Jun
May 28
68
Feb
34% Jan 18
21
Jan
198
Jun
198
Jun
12% Jan
22
Deo
17% Jan
24% Jan
27% Deo
2
7
12%, Jan
25% Deo
16%
Jan
26% Dee
Mar
66% Nov
92
31% Jun
22
/July
14.
Aug
27% Feb
30
Feb
16
63% Feb 18
71% Apr 27
67 - May 14
105% May 22
41
July
43% Jun
i
29% Aug 12
55
/
1
55
33%
Deo
Volume 164
THE COMMERCIAL ft FINANCIAL CHRONICLE
Number 4S17
NEW YORK STOCK RECORD
*
&& Monday
Saturday
;
'
Aug. 10
Aug. 18
$ per ehara
I per thare
§ perehara
I per ehara
108
108%
114
1127a
114
120!
26%
257a
267*
107% 108%
114
121%
257*
26
121
122
■129%
•
131
129% 130
,
'115
•114
*114
.
Xl067a
X1127*
xll8%
xl27%
62
61%
62%
26%
27
26%
27%
113%
38
*112%
7
37%
38
113
38%
,
26%
107%
113%
Friday
Aug. 10
25%
26
26%
106% 106%
117%
138%
1267s
:
129%
125%
*114 ;
62
.
(5,300
26%
106%
112%
115% 116%
27
*112%
37%
1,170
111
*113%
115
.
820
50
115
61%
27y«
*112%
113%
*36%
<95 preferred
6%
i
7%
9%
37%
&—
Puo Ser Jfii
<»
Pure Oil
oas
100
100
100
No par
pid $5
Pullman Inc
;
100
2,500
W
No par
preferred
preferred
preferred
7.700
:
Range lor Previous
Range 81nee January 1
Lowest
Highest
v
Fub Serv Corp of N f com—No par
8,400
61%
26%:
63%
27%
114
38%
.;■■■
1180
126%
v
EXCHANGE
2,730'
.
7
v
NEW YORK STOCK
Share*
106.
: 111% 113
;
Bales for
the Week
I per share
$per ehara
119%
129
114
'
114%
62%
63%
f 27
27%
113
113
38
38%
'
115
61%
*113%
8TOCK8
AND HIGH BALE' PRICES
Tuesday
■
Wednesday A A/A Thursday ■
.V Aug. 13
Aug. 14
Aug. 15
f 10W
(The)
5% conv. preferred
Purity Bakeries Corp
.
No par
_No par
100
No par
■,
9 per ehara
t
Year 1940
lowest.
per ehara
23% Jan
3
; 30% Jun 10
104% July 19 v 115% jan 10
.
110
July 18
115
Jun 20
27% Nor
115% Dee
Feb
106% Jan
121% Jan
112% Oct
47% Jan
Jan
•
110
17
117 % Feb
69% Jan
;
15
J
15 K
287a May 28 *
115% Jun 13
Mar 19
f per ehara
17Jap
102%
150
19% Feb 26
108
i
126
Jan
2
1397$ May 10
119% Jun 20
112 % July 25.
57
July 24
Highest
9 per ehare
32% May 16
38% Feb
.126
17Jan
May
23% Jan
Not
2148% Not
118*
Jan
65% Oct
■
106
4-
Dee
138
Jan
.
24% Dee
112% Not
30
Not
2,000 1 Quaker State Oil Ref Oorp.,,,,11
13%
*88%
89%
21%
217s
217s
Radio Corp of Amer
No par
83.50 conv 1st preferred
No par
Kadlo-Keith-Orp,4uim
1
Ralston Purina Co 3%# pfd—100
Raybestos Manhattan.,
No par
Rayonler
; $2 preferred
28
13%
,
21%
13%
137a
13%
89
89
89
217a
217/a
.
14
,89
109%
10974
*109
110
4674
4674
4674
4674
*45
46
267a
267a
26%
267s
26%
27
*377a
377a
*3778
377a
37%
37%
2572
2572
397a
397a
.'*38%
110
110
,.
50
*2574
*2574
26
,
Reading Company——
—Bd
4% non-cum 1st preferred.
.50
4% non-cum 2nd "preferred.
50
Real Silk Hosiery
5
51
4072
27
-
111
7.111
*108
10872
3972
22
227a
22
*97
457a
45%
.
Remington-Rand
4572
17%
177a
177a
177a
12%
1274
1272
127a
127a
177a
*17%
1774
1774
177a
3774
377a
377a
3774
;
1167a
115
29
297a
29
116
11474
2974
1077a
*106%
10772
1077a
*3574
3674
367a
367a
357a
;
3674
121
21
21
43
437a
43
*48
507/a
*50
123
*119
121
217a
4372
507a
121
10874
3174
3174
1874
187a
3174
18%
*35
367a
*35
97/a
*26 7a
267a
56
56
3072
3072
3074
PRICE#
9 per ehara
8 per ehara
$ par ehara
547a
5472
3074
55
-Y
307a
114
30%
s
114
557a
30%
1137s
1474
1574
1574
15
1572
9874
98 7J
99
,
*577a
60
*30674
54
1147a
147/s
297a
1137/s
597s
NEW YORK STOCK
EXCHANGE
55
V
52%> 53 ^
29%
2974
>
30
113%
1147a
147s
1474
147a
997/s
947a
*57%
60
587a
587a
108
*10874
1097a
50
3074
16.400
307s
307/s
30
6674
647a
66
637a
647a
6274
35
34%
35
35
35
35
10%
10%
10%
10%
35 N
*1074
43%
4374
447s
1974
4374
197a
447*
20
197s
1974
197s
2174
1974
22
22
217s
19
1974
19
21%
1974
19
1974
21%
2174
43%
197s
2174
19
197s
19
1107a 110%
1117a
25
257s
357a
3574
3074
2374
36
30%
247a
247a
82
82
377a
377a
247a
37
9%
10
507a
497/a
50
58
18%
*57
1874
77
1874
77
2074
2074
78
20%
*23
24
*23
687a
687a
*47
487a
♦1057a 1067a
♦397a
407a
177/a
18
6
3674
3174
*82
35
2474
2474
X82
387a
97a
78
48
*105
*69
707*
177/a
187a
,'6
67a
57/a
55%
557a
547a
55
55
55
55
1847a
*182
V
307a
617a
60%
61%
5974
597a
59%
59% >
83
83%
90%
91% {
84%
*90%
82%
2374
2374
*227a.
974
9
*19
104
487a
28%
497a
mm 113%
46%
114% ;
45%
*113•
49
•
49%
*84
*90%
85
927a
*22%
23
97a
*114% 115%
50
49
127% 127%
.
..
.
,
,
f
v
18%
*52
;
19
53
For footnotes see page 971,
18% 18%
527*
52%
*ioo
.
,
.
18%
*517*
20
*44
■
45% 45%
; #111% 114%
128
140
*102
19 ^
52%
;
45%
ioo%*
(
20% '
400
'
2,300
100
•
49%
2874
4,000
10,300
45
.
18% . 18%
*5i7a ,52%
10
H
_
' 600
100%
20
47 '
140
-
2,700
400
*114%, 115%
45%i.
113% ;
108
1,400
23% ' 247s
*43
-487*' 48% ".
*126
127
*137
140 ^
58%
59%
rr 46%
47% '
773/*
787a
*107
3,800
105
noo
20
47
29% ' 297a
7,000
287a
,
*114% 115%
nil
1,700
*47%
497a
28%.
47
800
2,500
22%
8%
197a
87/a
*19
9
21
1,500
847a
92%
22%
24%
207s 20%
>
847a
*90%
105
287a
*137
139
*137
1397a
587a 587/8f
59
59%
;
X59
59%
,7467s
467a A''' (,46%7 '47- '7.; - /•, 47- v 47%
77%
777a
777a
78%
78%
787s
287s
28%/ '
28% ^9 ' 7/ . 29% 729%
*107
108
*107
108
*107
108
.
30%
247a
1
i
*48%
37%
28%
28%
*127% 129%
128
*137.
9
*19 7a
*102
2,300
1847a
377a
307a
6174
57%
57
f
4
:»184
1847a
58%
20
28,500
547a
6174
*44
45%
45%'
»113 -114%
' 49% 507/a
•
,
547a
24%.. 25%
ioo% ioo%
:
467a
*11474 115%
54%
57%
237a
800
54
607*
*100/ 104
497a
49%
49%
457a
54
59%
9
•
28%
46
57/a
23%
257a
,2574, 25%
loo
100%: ioo%'100%
20%20%
*20
207a
,
177/a
557a
85
85
*90% 92%
.
.
500
70
4774
70
4774
*10574 1067a
*38%
40
177e
177/a
>
57/a
57/a
307/a
6274
30
700
1,800
20
3774
307a
61
20
28%
6974
4774
40
*182
.
97a;
497a
777a
24
.
3774
61
104
29
16,000
30%
21
*100
'
187a
37%
X5974
84%(
*19
'
'
60
37%
257a
46
•v
30%;
9
20%
.
*99
1
30%
2374
3774
2374
1067a
54%
1847a
*182
60%
>
3774
''■*
1,400
50
187a
77
57/a
3,800
49
1874
20
*23
*54
1,400
97s
*57
60
-*38%
Xl77a
,
40
377a
9
507a
*10574
100
1,100
85
377a
377a
97a
3,100
3,300
.
2474
*82
78
46
40
87
247a
24%
85
21
6974
48
577a
3774
3074
3574
31
31
78
*23
1067a
*39
1847a
357a
*84
207a
2174
24
547a
"
187a
-
77
2174
70
*57
187/a
*23
47 %
50
60
77
2174
97a
51
187a
2374
37%
974
*57
18%
*82
38
507a
60
247a
82
377a
97a
5074
3,100
85
2474
85
247s
3174
85
70
24
357a
3174
87
56%
37%
19
400
23,200
1,400
1.900
2,700
*110% 1127s
*110% 1127s
367s
3274
*84
577a
*182
19
36
3174
87
1067a
*397a
407a
r:" 177/a
187a
6
2174
900
1074'
42%
19 Va
217a
247a
4774
6
42
2474
57
1
1074
437s
1,800
34
107a
437s
247s
69
'
34
*1074
'
237a
*105
,
11
11074 10374
247/s
*84
87
*57
100
63
35
97a
7,900
21.400
*10674
317s
67
30
110
147s
96
3074
66
*84
1,400
4.400
1147a
317s
327s
*110%
Sharee
9 per ehara
96
9974 100
*57 7a
60
*10674 108
108
Bales for
31
6674
3174
series
tho Week
'
55% v
307/s'
31
55
Mar
Apr 9
33% Feb
4
34% Jajr
19% Jtan
53% Jun 20
43
467a Jan
9
36% Jan
Apr
17
117a Jan
112% Feb
4
102% Oct
125% Jan 17
I 69% July
6
.
31
4
Mar 19
277a Jan
AUg
16
7
457* Apr 22
17
46%
'
"
45%
<
'$,300
'
^
,
47%.
-
6.800
*126
127 '
137 /137%
58%
.
59%
467*
46%
777a
29
:
•
#111% 113. A
*107
18%
*517*
78 7*
29: 7
200
300
"
11,100
• ■ 13.200
17,500
:77 5,400
108
187a
527*
-
•'
3,600
>
100
Mar
Jan
2774 May 11
101
>
May 18
50% Jun
101%Mar 8
3
1057a Apr
12
No par
100
No par
100
100
?
24% Apr
8
July 23
17% Feb
25
Jun
r
2174 Feb 21
20
29% Jan
2
: 407a Feb
1107a Jan
4
118
187a Mar 14
106% Mar 11
31
July 23
1137a Jan
2
1974 July 24
377a Jan
2
43
Feb
18
10474 Jan
2
16
Apr 20
317a May 28
110% Jan
3
45% Jan 15
:
136
Jan
16
98
Jan
16
147s
Jan
6
31%
Jan
38
Jurt
377s Mar
99% Sep
Apr 29
137a Feb
5
16%
10%
167s
6%
307a Jun
19% Apr
10
Feb 20
20% May 28
Feb
44
26
9% July 25
4374 Mar 13
Jan
Jan
14
24% Mar 14
Jan
Jan
287» Feb
507a July 31
10874 Feb 25
2274 Mar 11
Mar 13
Jan
467a Jun
-
26
25
197s
102%
11%
87%
15%
v
3
63
May 29
34% Jan
9
Mar
Jan
Jan
Aug
33
Mar
31
Sep
8TOCKS
e
■
114
9674
*567s
10674 10674
3.60%
Friday
9 par ehara
9 par ehara
:
114
Preferred
Aug. 16
Thursday
Aug. 15
Wednesday
Aug. 14
Tuesday
Aug. 13
Aug. 12
39
106% Jan
17
10
—
—
LOW AND HIGH BALK
Monday
Saturday
Aug. 10
July 23
397a Aug 12
2174 July 23
July
May 14
33
15% Jan
No par
100
„.
97a
56
557a
3074
24
49% Mar
7% Mar
103
3
34% July 19
Rheem Mfg - Co..——.1.
Richfield Oil Corp
No par
Ritter Company
No par
Roan Antelope Copper Mines——
Royal Typewriter
1
Ruberold Co 'The).*.-.-.—-No par
Ruppert, Jacob
5
187»
367a
267a
2674
5%%
Common
-
3274
97a
10
3
78% Jan
33
257s,Feb 26l
Reynolds Spring
1
Reynolds (R J) Tob class B—-...10
♦10774 10872
10874
Jan
10% Jan
,
6
^
preferred
Reynolds Metals Co
5%% conv preferred,
1077a
•2074
37
497a Feb
3
10
6% conv prior pfd ser A
Revere Copper & Brass
297a
29
*106%
*119
217a Jan
50c
81 conv preferred.
•
*115
.25
28
1
Xne
Republic Steel Corp^.;
387a
11474
387a
Motors,
Republic AvifttiftnRepublic Pictures ,
127a
177a
1
Preferred with warrants.
Reo
33
Jan
967a Mar 19
28% Apr 24
112% Feb 11
20% July 24
957* July 16
32% Mar 13
105
3272
33
.19
7
95
-
*102
105
*327a
Feb
Reliance Manufacturing Co—No par
Conv pfd 3%% series
100
98%
*102
July 23
157a Jan
3
10974 July 16
397a July 26
(Robfc) & Co 1st pfd
.100
Reliable Stores Corp
—No par
227a
987a
100
Reis
3972
*97
4574
Preferred
11274
*107
♦1067a 109
*39
39%
13
87
Range for Previous
Range Sinee January 1
Lowest
<. Highest
8 per ehara
8 per ehara
Year 1945
?
<
Lowest. / / / «... Highest;
I per ehara
I
ehara
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, August 19, 1946
NEW YORK STOCK RECORD
LOW AND
t per share
Aug, 13
Aug. 12
Aug. 10
!■:.
t >**
tvprs^are
>48%
share
*43%
50
WV4;"
i4*'/4
>109 '
21%
33%
7M,
*J09
110
21%
32%
21%
20 Yo
18%
72%
125%
72%
11
56%
18
30%
30%
14V
53%
*45%
46%
46
•60
66
*60
39%
39
34%
34%
33%
32%
32%
-33%
*108%
*108%
109
,
109
33%
*21%
21%
2,800
31%
6.200
18%
19
*106% 107%
18%
106%
19
106 V2
2,700
71%
*124y8
71%
800
125 %
40
22,000
72
72
125%
*124%
:
10%
55%
*60
10%
10%
55 %
1,800
17%
18%
2,800
29%
30
2,600
300
66
.
39%
33%
148
148
^
*52
54
400
54
45%
45%
4.700
3,500
*108%
11%
11%
2.665
59
112
8%'
Ys'
53
23%
23%
23%
110%
110%
23%
24%
24%
23%
24
54
54%
53%
53%
18%
13%
50
50
4
-:18% TMV>
50%
24%
50%
24%
.
9%
,
*23%
9%
3%
9%
112%
112%
*112%
54 Va
68
113
*20%
21
53 V8
52%
105%
LOW AND
63
19%
t per
that*
*66,
111%
112%
112%
*112%
♦109
113%
111;
*103%
25 Va
150
116
38%
38%
*38%
28%
28%
.23%
v
,
:
"■-.39,%'
29
*111%
44%
55%
79
SVs
"
49%
16%
*102% 104%
17%: 17%
103%
104%
*17
53
17%
52
51%
33%
11%
5
5V»
,
49%
*16
*30
11
11%
5
49%
16 %
15
*102% 104%
*17 i
17%
.24%
24%
62%
5%
49%
,.; 15%
15
United
102 %
17%
17%
50
52%
52%
24%
25 Va
64%
«K
,
21%
Feb
United
United
108%
•13V4
13%
*108% 108%
13%
15%
15 V4
*27V4
15%
15%
*27 V*
28
*106% 107%
;
20%> 20%
28
*106%
107%
19%
19%
119-123
202
124
Gas improvement
124
*202-204:
*43%
21%
21%
108%
108%
*13%
55%
*§8
>
44%
56%
11
11
*10%
10%
35%
.
35%
24%v 24%
:11 -
53%
;
53%
14%
13%
203
*43%
;10%
10%
'
24%
54
*52
55%
43%
54%
v
10%
common
01%
52%
24%
113
f;:
51%
U 6 P1&* &
j
51%
14
74
•
174%
al73
78
12%
13%
X71
173
71%
174%
*171%
60%
58 Var1-
08%
85%
85%
84%
91%
88%
84%
89 Va
26%
26%
53 /
.
15
15
10%
56
22%
12%
14%
*105
: 106
198 V -
42%
:■
,:
15%
115
.:•/
114%
10%
,11510%
10%
*53 V4
.
23%
14
14%
104%' 104%
198
42%-:,
42%
*97%
For footnotes see page 971
56
23%
*193
161 -161
26%
*52%: 53%
7% " 7%
/
7%
114%
161%
..
99
26%
•:
:•
20%
*52. ://.63%,
.7
14%
7%
*113%
14%
117
10 Ve
10'/a
14
103%
*193
j
42%
:
,
1st preferred-,—100
50
-——50
U S Steel Qorp common
No par
-Preferred ——--r--»10®
U 8 Tobacco Co_,———-No par
7% non-cum preferred—,*—20
12%, Aug 10
04% Mar 4
166
July 22
58% Aug
6
82
8tookyard8 Corp_r..—---l
United Stores $4.20 non-c 2d ,pfd_5
16 conv preferred
No par
Universal
United Wall Paper
—1
Inc
:
N°
preferred——
—100
Universal Pictures CO Ino—,—--1
4%% preferred w.wr--7-^lOQ
845,
18
Jun
79% Jan
154
Jan
26
'
United
Feb 20
41
non-cum
Laboratories
2
> Mar 19
60% Jan 12
preferred-.
Universal Leaf Tob
24
51
U 8 Smelting Ref A Min~,
•
Jan
13% J0n
'13% Jan
FoundryU—
S Rubber Co—-—8 ft
77?
26
47% Mar 13
-1
-10
•
11
Feb
•
U S Realty Sheraton Corp..
■
Jan
Jan
26
—10
I
T
77
199
10% Aug 13
•
14
103 Va
198 42%
41% Jan
103% Oct
16% Apr,
108
-r*
-*-*--7—•
Inc.———--2
4% cum conv pfd-—-----—50
Universal-Cyclops Steel Corp
—1
52%
3
4
July 23
Feb 26
38%
,
50
•7
3
21
May
6
Jgn
4
Aug 10-
13% July 15
108
10 V«
Mar 25
July 23
52% Aug 16
Feb
25
8% Jan
3i
21
94% Feb 26
187
38
May 14
July 24'
95% Aug
5
Jan
6% Mar
9% Mar 14
23%
52%
*23%
Jan
Feb
19
34 ;. July
Playing,Card Co—
Plywood Corp
——
U S
59%
-
4% % preferred
U 8
.
23
-20
*—
106% Oct
6% Mar
106
•
preferred—,
TOO
Mach C6rp,^--v.-^5
Chemicals
No par
.! 34%
59%
13%
73%
.
0
9% Mar 13
U S Hoffman
U 8 Industrial
24
♦10%.
V
14
*173
7%
13% Jan
22
Mar
14% July 12
.
34
24
.*10%-11;
3
6
106% Mar
:
United Rexall Drug, Inc
U S Gypsum Co—.
Jan
Jan
21% Aug 15
-
-.—10
—2.50
U S
Foreign Se^urn—-~^4Vo par
$4.50 preferred
No par
u 8 Freight,Co--,—
No par
33%
July 23
47% Mar
—»—100
preferred
Paperboard-
10% May
50 "
1
-4——-r—---
U S Leather
; Partic fceonv
U S Tines Co—
10%
85%
7%;
595
.United
204
43%
.44%
74%
26%
42%
19%
20
122%-122%
204
59
,90
161%
*193
•
15%
61
♦62 A
-
*19%
20%.
121
122
>76
89%
22%
26%
107%
80
161%
*53%
26%
*106%
60
88%
14%
16 y«
27%
107%
;
161%
:
15%
27 V,
14
174%
61
*84
r
15%
*106%
73%
14%
z
■
59%
-73%
*172%
10%
51%
*70
60%
72%
'
24%
24%
10%
:
«0
60%
13%
|>34%;®36^
/
*10%
*75
108%.
13%
*203
55
;
*108%
Jan
66 5
3
23% Jan
Cp.__13%
United Merch & Mfrs Inc com
'
202
.
13%
9ya
Mar 13
45% Mar 11
*
*108%
3
7% July
1V4 Jan
38% Jan
16% Jan
5
Fruit Co Hew_
United
New
3
12
Engineering & Fdy__,
5
—No par
49%
...
22
4% Jan
47 V2 Jan
5
Electric Coal Cos
52
24%,/25/
26
10% Aug 16
71 Va Mar 16
49%
•
Jan
26%
Feb
30
30c
■.*
51%
51
52%
24% ^24%
66
Preferred
United
17%
Jan
22% Mar
72% July 24
common,,-*,-—..—»—:f
$3 preference ——;
Dyewood Corp
101
•
17%
52 V,
24%
*100
Aug
Sep
31 y8
33% Feb 25
United
v
25
104 *
par
Cigar-Whelan' Stores
United corp
49%
14%
51
,
62%
>
5
Carbon Co
Unlted-Carr Fast Corp
-
27% Jun 2 6
Jan
100% Jan
29
Aug
No par
No par
United
11
37% Feb 26
20% Jan
109 V4
109% Apr 13
35% July 15
preferred-—-—
Air Tines Inc—.
United Biscuit Co———.No
49%
100%
Conv
2
112% Jan 24
5
100
10
United Aircraft Corp——
5%
25
140% Jan
non-cyra
1
10
106% July 24
23% Feb 26
Co———100
preferred
100
Union Tank Car—-—No par
4%
;33
10%
5%
49%
•
02%
51V4
24%
Feb
53%
52%
63%
51%
106
$3.50: series—No pat
25
Preferred
United
42
*77%
51
53
series—,—No par
Preferrd $3.70
'
Union OH of California—
80
40%
3
26
Jun
113
*112
79
11%
IIV4
lls/«
5%'
5 V,
40% j 49 Va
16% >16%
39%
28 %
28
113%
,43 <
*55%
116%
*38%
'
100
$ per share
Aug. 16
Jan
$ per share
Lowest
July 23
98% Feb
Union Pacific RR
150
150
*115%
*32%
15%
53
151%
-116
28%
33
5 Vs-
25%
39
79 \
49%
'n
25 V*
56
65
23
111
25%
116%
39 "
11%
4,000
Asbestos
& Paper—'__,—,No par
Union Carbide & Carta—*..—No var
Un El Co of Mo pfd $4.50 ser No Par
107%
151 Va
11 Vs..
111%
112% 112%
; 111
150%
v
Co
Rubber
Union Bag
110%
Highest >>
Lowest
17
No par
5
Underwood Corp
Union
113
t
$ per share
3,900
*115%
56
300
s
Year 1945
Range Since January 1
:
Shares
3,400
116%
.*77'
32%
•'.# per share
Range for Previous
.
STOCK
EXCHANGE
37
150%
43
*
NEW YORK
>
the Week
18%
*148%
♦115%
42%
*
Sales for
'
18%
25%
>112% 113 y«
S per share
Friday
Aug. 16
35%
25 Va
28%
*112% 113%
42%
43
t
>
37%
*109
.
STOCKS
*
Thursday
Aug'15
*106%- 107%
112%
111
66
•
37%
'
112%
*106% 107 %
-25% ?25%
■
66
112%
*109
"107% 107%
61%
:i
*19%' 19%
19%
112%
111
*109
...t per share
37%
111%
111%
20%
60 %
19%
>v 'Wednesday
67%
19%
37%
20%
20%
62%
19%
Aug. 12 :
t per share
t per share
r
20%
63
105%
SALE PRICES
HIGH
•/Tuesday
21
19%
Monday
54
67
*104%
63
-
20 %
67
66
*104%
2Q%
Saturday
Aug. 10
24%
20
53%
66
104%
400
,2,000
11Q% 110%
53%
.
32%
109
*52
21%
„
39%
33%
32
?%
104%
70
55
1C%
55%
18%
30
150
58%
*66%
200
20
*111
*20%
.
19%
31%
46%
12%
12%
-
1,200
2,8200
33%
33
32%
31%
*45%
'32% - 32%
*108% 109
l-
12% -12%
21%
33%
.
100
109%
21%
39%
39%
39%
34%
32%
38%
2,300
*108%
66
*60
66
Shares
.
54
fc
?
>48%, 49%
.21%,.. 31%
34
• 341/*
*21% 21%
20
20%
46
54
.46
,
the Week
Aug. 1G
109%%Wh
.
18
30
150
54
150
150
56
46
;
56
18%
30%
18%'
30%
s
152
*54
52%
11
10%
55%
30%
30%
*145
18%
»106% 107% '
*72
73
*124% 125%
n
56
56
18% >' 18%'
-
18 Va
*142
124% V
124%
10%
10%
56'%
'
33%
18%
19%
107%
72%
108
•123
33
".107%
18% ,-:-19rV:'
72%
*21%" 21%
20% 20%
33
•»
31%
*107%
>
20%
,
--
*109
109%
) 21%
21%.
.33
33%
n :
33 ■>,;
21%
20%
21%
20%
*21%
-•*»«> ■•
'
110
21%
.
M8%k50 V'
;
Sales for
Friday
'
:$ nerfhAte
*48
,49%
* pet sharft
;
'
50
•'
Thursday
Aug. 15
Wednesday
Aug. 14 •
Tuesday
Monday
Saturday
HIGH SALE PRICES
30 V4 Mar
.'
7% Jan
Highest
$ per share1
;
.
Vplvitne 164
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4517
STOCKS
Monday
Saturday
,
Aug. 10
Tuesday
Aug. Vi
$ per share
$ per share
$ per share
22%
50
22%'
CLOSED
23
22%
50
*28%
,22%
45'A
22%
44%' 44%
"112 :
' 117 •
23
so
22%
22%
i%
50%
23
..
45%
X45%
*109
*109
114
*109;
*110
*110
117
47%
48
108%
9%
48%
48%
lOO 74
;10
10
10
*93
97
*93
52%
10
121
97
*93
52%
52%
41%
*108%
9%
9%
92%.
52%
*52
52%
*50%
42%
42%
41%
*41%
42
*•157 v 167
;
92%
97
V'
-v41
*157
185
100
%
*155
185
*175
185
*175
79
*74
78
*74
21%
*21%
46
X45.
* 109%
*107'A
109%
107%
107%"
X149
150
148%
148 y2
167
»,
i-i
185
'••T-:
'
i
V
•
■
.
El
&
Pow
ir
22%
Dec
;
Jan
50%
Nov
;
17
13%
Apr
24% Dec
30
«*«*•
•
78%
44
21%
44 * ■
*45
*108
109%
».*108
152
154%
152
*19%
*74
17%
106 >A
21%
106 y2
.
78
<
...45.
*74
77
*21%
•
22
21%
44% m:45
10^
Dec
;
!
15
90%
Jan
103
Dec
,
t
53
May 28
108% Mar 18
24%
Jan
26
*
8% Jan
3
5
80
12% Jan
Feb
26
105
45%
Dec
X161
52
a
8%
151%
*19%
19%
19%
19%
*19%
19%
16 y8
15%
16%
15%
15%
15%
15%
4,900
16%.
17%.
16%
16%
16%
16%
4,000
17%
.
106%
152
106
106
107
47
107
*107
Dec
124
57
Jan
83
Dec
Nov
Nov
3
45%
Jan
55
30
36%
Jan
43% Nov
Apr 29
7
Feb
170
Mar 29
120
Mar
165
Deo
178
May 11
145
Mar
173
Deo
46%
46%
46%
46%
45%
45%
32%
33'A
•33%
33%
*32%
33%
*32%
33%
28%
28%
*27
28%
*27
28 Ve
*32%
33%
33
33%
28
27
27
40%
41%
28
"
28
28
.
33%
*32%
'
*27
41
41'A
14%'\ 14%
*
91
41
'
*40%
14%
14%
41%
88 %
36%
41%
42%
88'/a
*87%
38%
38%
39'A
38%
14%
118
118
*118
119
*119
121
*119
114%
115
117%
117'A 117%
114%
44%
*112%
114
*ii2y2
114%
114%
*117%
46
117%
117%
*
114
'
23%
23%
81 %
82
81%
23'A
82'A
*21
23
48
48
*47
49
96%
96%
*96
96%
*96
34 Vb
34 Va
34%
X32%
60
*104
70
*63
*103%
-
106%
38%
38 %
2,700
Western
9
400
Western
223A
200
4%
47%
*46 Vb
49
200
97%
*97%
34%
30%
31'A
40%
58%
58%
40
*39
42
*39
42
*39'
105
105
*105
*63
70
*63
106 %
35 ^
t,
25,300
40
190
58%
200
Weston
42
200
106 %
103%
38%
35%
35%
38%.
35%
34%
34%
211
207/«
19%
*37
20%
300
1,000
3,300
19%
19%
*97
10i
*98
105
*98
105
*95
100
*94
100
*35
36
*35
36
*35
36
*35
36
*35
36
10
10
*10
*10
10%
18
18%
k
17%
19
.19%
101'A
100%
*18%
101
19%
*155
165
*155
165
46%
55
72%
*97%
99
99
*;
*71
*.95%
20
20%
LOW AND
Saturday
Monday
Aug. 10
Aug. 12
53%
STOCK
53%
53%
*97
{
101
-
*99%
*45%
102
90%
*76
77
75
19%
19%
19%
20%
i
4%
Jan
14ya
Jun
17
13 »A
Feb
373/4
Jun
56% Jun
14
30%
Jan
57% July
64%
Jan
92
May
103% Jan
2
101
Apr 24
53% Jan 14
32% Jan 14
41% Jun ,J7
39% Jan 30
Jan
29
63y4Jun
18
45 y4 Jun
17
45
•
%
5
J an
107% Jan 31
65
July 26
72
Jan
11
101
Mar 26
106
Jan
16
Jan
3
98% Jan
21
62% May 29
107 % July 26
27 % Feb
26
44
May 28
33% July 25
44
Jan
45
13% Mar 13
84
28
105
36
17
July 11
May 21
'3% Deo
Deo
61
Jun
43% Aug
56
Oct
26% Jai*
27% July
35
Oct
31% Aug
37% May
30 3A July
27% Feb
;
38% Dec
37% May
50% May
45%
Dec
43
Dec
100
Oct
105 y4
Deo
64
Jan
78
Feb
101% Aug
31% Jan
107%
Jan
47%
Dec
87%
Jan
21%
Jan
31%
Dec
26'A
Jan
47%
Deo
23% July 10
Mar 23
x33% Jan
whbIav
600
19%
Co
1,800
i.Wm)
$ per share
53%
533/4
223/a
21%
22 Va
29
28
28 V,
28
2
80%
81"
81%
82%
82
823/s
25%
25%
25%
25%
25%
25%
25 Vb
257/8
32%
32%
i+'/s
32%
32%
31%
32%
l\'/9
ll'/8
11%
11%
O
new—
103
Oct
8%
Jan
18
Dec
83%
30
Jan
94
Jun
Jan
35
9ct
6,300
1,400
Youngstown iSteel
21s/a '
1,300
27%
1,100
79%
80
25%
25%
30%
'30%
1,700
11%
1,900
Zonite
'
.
.
26
91% Jan; 1
•93
•
83
Feb
May
May 31
Jun
22
Dec
•138% Dec
22%
Jan
37
62% May 29
40%
Jan
53%
Dec
Aug 13
38 .Jan
70
Nov
Apr
79 /'
100
Nov
100
103
4
105
July 23
Jan
.
74 "
,
0"
74% July 19
19.'
52
13%
128
Dec
25
May 10
A"
Feb
82% Apr
25% Jun
1
80
..
75
Jan
.
Jan
Nov
100% Nov
Jan
.110
69% Mar
84
-Nov
Oct
.
6
8 per share
Year 1945
Lowest
I per share
61% July
1
t per share
32%
Jan
Highest
t per share
47% Deo
Door
No
par
42% Mar 14
21
July 24
27% Jan
31
13 Vi
Jan
24%
27% Aug 16
35% Jan
17
19%
Jan
31%
Dec
61% Mar 13
83% May 31
39%
Jan
.70%
Dec
23% July 30
31
29
20
Mar
27%
Sep
30% Aug 16
10% Jan
3
Zenith Radio Corp
11%
81
x80
Feb
7
Jun H
26
50% Feb 26
50
21% Feb
160
12
Range for Previous
York Corp—I—.,
21%
27'%
Feb
34
5
Range Sinoe January 1
Lowest
;
Highest
Yale ft Towns Mfg. Co
il
.
: • —■-I—:*
Young Spring ft Wire
No. par.
Youngstown Sheet ft Tub6—No par
1,200
22
27%
Ma?
.
Par
22
3*,
par
EXCHANGE
.
27%
22
No
Shares
52 %
52%
53%
22
28
'Del)
NEW YORK STOCK
the Week
$ per share
Sper share
Jr
STOCKS ft?
,
Aug. 16
18ya May 17
142
is
_
Wyandotte Worsted Co
Sales for
Friday
Aug. 15
No par
preferred!—'—No par*
10
Worthington P & M (Del).l.No par
Prior pfd 4%% series
—100
Prior pfd 4% % Gonv series—100
Wright Aeronautical
*
No par
60
-75%
.
Thursday
CLOSED
T
32% Jan
323A Jan
36% Mar 21
Woolworth (F W) Co
300
9oy«
*89
*89
EXCHANGE
1
101
90
53%
90% May 14
13y8 Jan 16
2
30% Aug 10
,,,,
,
Woodward Iron fin
99
101
,76-
22
Jan
39% Jun 25
Do—.10 •
Wisconsin El Pow Co 9% pfd—_100
2,200
Aug. 14
533A
;
Dec
35
39
12.50
Wilson-Jones
7,100
73
OU
$4.2&
200
48
54%
53%
Wednesday
t per share
Dec
July 26
87 3A Jan
No par
pfpferrgrf
HIGH SALE PRICES
Tuesday
Aug. 13
$ per share
9 per share
99
19%
3
Dec
26% Jun
72%
•
9
40
115
19% Nov
100
46%
20%
Jan
22% Mar
lO1^ Jan
200
54%
20%
106
July26
19%
90
11
July 10
7,300
18%
74
75%
116 % Apr
21
18%
101%
55%
?
Dec
10i
xlS'A
48
89
Wilcox
900
*100%
18%
%>
73
75%
Dec
118%
•99% Jan 1?
19
19 y8
55
102%
112
Sep
Wilson & Co Inc
101
*47
88%
Jan
6% M$?
74
75%
101
113%
57
preferred... No par •;
conv
Prior'
Oct
Nov
16% Mar
47
*100%
$4
118%
119% May 16
53% Jun 10
2
V
Nov
113%
Jan
12% Jan 29
55
.
7
37
Jan
109%
26% Jan 16
73%
.
117% Aug
23% Mar
100%
9% July ?4
54%
89
6
17% Aug 16
16 % Mar 13
47
77.
Instrument
Apr 30
Aug
1
122% Feb
8
73%
102%
45
119
3>
Willys-Overland ; Motors—.——ill t
54%
*75%
y
6,000
47%
*87
.
Jam
10
54J/a
*100%
,
17%
18%
*97%
Nov
10
*18%
165
101
Nov
89%
17%
73
99
Dec
38%
Apr
10
*46%
*96
16%
Jan
17%
*100%
*155
May
84%
17%
.19%
165
*155
165
•
100%
.19.
9
24
10
18 y4
*18%
19%
*183/4
*155
18%
*100%
183A
101
10%
18%
16% Apr 20
43% July 11
89 Vb Aug
8
3
10
20 y8
Wheeling ft Lake Erie Ry
100
5%% conv preferred—.—.
—100
Wheeling Steel Corp
No par
$5 conv prior pref
No par
White Dental Mfg (The 8 8)
20
White Motor Co————
White Sewing Mach Corp—1—1
110
34%
34%
Dec
111% Aug
12%
Elec
$3.75 preferred
2,100
105%
39
'
Dec
47%
110
.12%
Preferred
50
53
105%
38%
Westinghouse Electric Corp
70
53
106%
Westinghouse Air Brake
10
*103% 105
55%
33%
Jan
112
Westvaco Chlorine" Prod—...No Par
*37%
21%
21
•
.
30%
39%
54 "
*105>/2 106 »/2
39
*
30'/a
103%
55%
Mar
32% Mar 14
2,000
j
Deo
30%
No par
363/4
50
29%
20
33% Aug
5
21% July 19
36
14
34% Feb
No par
'
16
47% Jan 31
Feb 25
'34% July 23
class A_No par
Class B
Jan
Deo
8% July 23
37
*63
50
21% July 31
46% Mar 2
37
70
Deo
32.
100
22
105%
Dec
35%
91%
•13
21% Nov
33% Jan
..10
Ry
*20
*105
105%
85% Mar *5
non-cum
27
105 y2
Oct
Mar
Apr 24
Apr
14% Aug
24y< Jan
Western Union Teleg
5,300
Dec
12% Mar H
r:
1
*20
*103% 105
V 55%
56%
Maryland
16%
35>A Mar 14
2nd preferred
100
Western Pacific RR Co com..No par
Preferred series A
100
500
98
*57
»
20%
20%
80
40
*38
35
?
793/4
34 y8
'
100
Lines, Inc
Auto Supply Co
Oct
24% July "25
No pan
Air
8%
30% Jun
26
Western
Deo
9
35 %i Feb
1,200
Feb
14%
56
7
preferred
20%
18% July 19
107% Feb 20
23
4%%
Deo
110
40 y
.
pfd—100
West va pulp & Pap Co
19
r!
Sep
Jan
24
Jan
Jan
Power 4*/2 %
61% Mar
Deo
Deo
110%
Sep
7
18 y2 Jan
30
Aug
8%
8
31% Aug
105
Nov
-
7
20'/a Jun
3
Jan
114% Jun
23
34
31
West Pehn
150
154% Aug 12
i/21% Feb ?l
U5% Jan 'A
114
*8%
5
3
103% Jan
NO par
X
26
July
Jan
West Penn Electric class A__No par
1% preferred^—
.
" :
..100
6% preferred—1
L———100
10
30
*22'A
793A
8%
Feb
98
xll% Mar 15
,
4,800
45%
Gas Lt Co
Webster Tnhftp.niv Twrt
*112%
60
105
v
No par
84 conv preferred :—.
Np par
West Indies Sugar Corp—.1*
.70
39%
1
par
No
Wesson Oil & Snowdrift
900
31%
105%
106 JA
38%
119
120%
45%
114
.
400
114%
60
56
2,100
1,100
■
117%
39%
*1033/a
105
56
14%
42%
*116%
30%
70
1,100
*ii4y»
114%
117%
60
*63
G & W
preferred
Warner
9,300
f
89
38
41 y4
105%
Mar 26
—1
32%
40
111
—9
37%
104
Apr 12
Wayne Pump Co—.
X36%
40%
105
Waukesha Motor Co
37%
105 %
100
300
22
*58%
t 42
200
*20
41%
♦58%
Jan
;
39%
33
x4i y2
30%
(
30%
37
Apr 29
41%
37'A
36%
54
18
96%
34%
2
;i3
34%
96 y2
34%
Jan
No par
*21
47%
49
39
,
23
8%
*21
par
27
120%
.
23%
79%
22%
20
Washington
22
*20
22
40%
21%
34'/a
23
9
*48
*20
*112%
78'::/
Jan
500
*118
?.
46%
„46
•
80%
8%
22%
*20%
:
23%
80%
9%
*9
9
*8>/2
47
114
*112%
23%
23%
46 y2 :
Sep
13%
700
14%
120%
46
64
{
41%
39%
119
45%
21
14
33%
*88%
115
114%
*117%
Feb
23% Jun
Bros Pictures
—5
Warren Fdy & Pipe——No par
Warren Petroleum Corp—L—i'ii, —5
*40%
42%
120
-
86
Jan 22
33%
89
120
119.
121
35
*14%
70% July 31
l£
27
*118
*118
*120
*55
•
41%
.
X87%
40%
40%
88%
37
36%
.*27
1
16
14%
41
*88%
27 V»
41%
*27
28
*40
.100
Walworthyfi«
;■••■■■,-■■■
yp par
Ward Baking Co common,——....
100
5preferred
90
46%
preferred
No par
(Hiram)
,t
•of*. ;-\'f
4%%
System
Div redeem
300
108
46%
33 y2
33
Walker
3,300
•
}
Dec
'
81
:
Sep
2
Mar
172
Jan
118
9
Apr
45% Jan
3% Mar
59 Va
10
^53;JV: July
39% Jan
4
40
July 24
5
29
99% July 10
123 % Apr
Jan 21
47
23
Wftlgrttn Co—
■■■A% preferred—..——..—..
10
19%
32%
33
Waldorf
1,000
-v
46%
28
Wabash RR
100
1,000
152%
106%
^
*108
109%-
17%
.
*45
45%
16
16%
17%
22
*19%
19%
16
.
21%
^
—
86% Mar
Feb
W
78%
21%
,
t
May 28
118% Jun 24
—25
Detinning Co
100
Preferred
U.,1(HL:
Dec
Mar
115"
77% Jan
>.
100
Vulcan
21%
113
2
May
34%
13
32
8
■
100
preferred
Visking Corp (The) class A
V.';
37% Feb
;1Q5,
100
$5
6%
v.-riT"^h;
1
8"
-
Jan
30
24
51 % Apr
Jan 16
pret
Va Iron Coal & Coke 5% pfd
Virginian Ry Co
;
300
167
*175
,; •-
167
Jan
div partlc preferred
6%
800
*175
1Q4
110
Feb
Highest
J per share
58% Apr
26yaJun
39% July 24
i
100
>.£«:* !•' "* X';' v' 'V-*;',*1/ "■ *
y? ;X *
Va-Caroiina Chemical .—No par
Va
39
tper share
25% Apr
w 2.
19% Mar 13
'u
V*
150
46»/a Jan
.
Year 1945
Lowest-
f per share
-
27
July 23
fel8%Feb 264
preferred——10Q
non-cum
'
800
'
■;,|i
53
141
1Q
V/s%, cum preferrpd-^—.—--100
,
900
*
42%
42%
42%
20
i.'.
i
t.
!
——2.50
Victor Chemical Works
1,000
■-
i
:-vl
121 y2
121.4
*93
41%
■
Co
Vicks Shreve ft Pac Ry
15%
(.
-
9%
*90
v.
97
42%
760
f-
•
Norman
I per share
Vertlentes-Camaguey Sugar Co_6%
Vick Chemical Co__
2,50
4,100
1
109
par
Van
Van Raalte Co Inc__
'
*155
185
*175
■■
'*•
121%
43
•42'A
42%
A61 -
*155
9%
x92.%
A2
*52%
:
"43 t?:*
?
92
*90
45%
117*.
-"-47% V47ya
109
*121
•52
97
1
121
42%
*108%
Range Slxiee January 1
Lowest
Highest
Yanadlurq Cprp of
800
600
'
S
113;
.
•no
48% i'49
luo%
*93 "
96
120
*42%
49
*109
''
117
^
22%
*43%
113
"
Range for Previous
STOCK
Par
300'
"v
150%
22%
lOKK
EXCHANGE
Shares
28%
22 %
22 VU
*50
46
*110
120%
98
121
i
*44
*109
49
97%
98
*120
'*
23
113
*10o%
10
""
.28%
*
i'.O^
5oy»
NEW
the Week
I per share
22
22%
Sales for
Friday
Aug. 16
29 Vt
22 H
50%
y
117
v
*lUO"/8
;
108%
*28%
•
y2
45%
*110
Thursday
Aug. 15
I per share
30
22%
50%
23
..
50%
,
•
I per sha,re
29
28%
•28%...,29%:
STOCK
EXCHANGE
Wednesday
Aug. 14 5
Aug. 13
42% Jan
15
Deo
18
34% July
5% Jan
44%
14% Apr
12%
Deo
Jan
Oct
ji S
32%
U
14
"
'•
*Bid
and
asked
■
32%
u
I]!" I'"-•.1 -111
prices;
no
sales
on
'Ji' '•
j I III
this
day.
^
r-i^ I I 1111III |I ili aiii mj" m im
\\immmmmm\i
hii
tin receivership.
a
Deferred;
Products Corp.
"■ 11 mmhmmmnmmmmmmUmwmswmmm i * i iiuiiiii i
d«j^vexfi n Nsw BtOCk. VOUh sala.
.
1
-C.M
.'J
s Special soles,
.
'•
"
•l"l"
wd When distributed.
x-Ex-dlvidenda.
''
y Sx-rlghts.
w
\
t
ri:
■•#..c
tV
:■
■
j'
-trV.si:
r. ■
c. '.r
•.
r.
a
m
-*
-tA:> i
-w
».««■*
*.«.*■*
V
»
»
.
»
>
.
•
u
.
i
«.
}
v.'.: .»•.
.
;
»
k-'i
-t v. v.;
'..A:,.'.
,i'J
ei*
V
vrl »i
v
r.
#
*•.
»
«
*
»■
„
.
,
•.
-'V
.
«...
•«*.
-
:
-«•
«-:
3R
"
.4-
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Transactions al the New York Sfock
Transaction al Ihe New York Curb
Exchange
Daily, Weekly and Yearly
Railroad
United Statet
Government
Bond
,,
Foreign
16,1946
* '
Share*
" Bond»
Bonds
Batnrtay-^^^^,;*:- Holiday
-Week Ended Aug.
.
«7n<? rrh
Tuesday——-—
TO.Hr,A^ay
_ _
Thursday.
Friday
-
;
927,730
803,260
620,520
692,480
'
,
'
-
■■
,
'
'
v
in-,,
.
.
,
•
-
na* nnn.; •
.
3,419,000
4.886,000: 2,637,000r
2,645,000
Bonds
•;
•'
•
- ,
^
"
:
Week Ended Aug, 16,1946
Haturdayilx
244,700
■H*1
•
'
-
Foreign
Government
$85,000
230,750
222,605
137,000
'
■
■
•
,r
'■
■
206.880
124,000
4-v
—
Total
$104,000
:'i 163,000
,$1,000
22,000
66,000 i
$535,000
W
26,000 Cv
124.000
211,620
.
'
Total
$19,000
»
65,000 ,'
1,085,620
.
■
U. '
Foreign
Corporate
Holiday-
'213,765
PrlriaiF
$1,033,700
$16,270,000
e":;-a
'
i-j
„
•
Sonde (Par Value)
.
■
Domestic
*-:l '■
Wednesday
Thursday
194.00Q,
f
Shares)
Monday
Tuesday
204.000
194,000
;
"
*
o;
Sales
-ficw nnn
r
•'
Slocks
'■ ■(Number
/
Total
and Miscel.
<
Exchange
Daily, Weekly and Yearly
Stockt,
Number of
-
''
>
Monday, August 19, 1946
-
'
88,000
190,000
28,000
1,000
153,000
$161,000
$2,000
$698,000
,
Week Ended Aug. 16
1946
■took a—No. of share*.
1945
3,746,650
Week Ended Aug. 16
Stocks—No. of shares.
V. B. Government
$135,300
1,033,700
Foreign
Railroad 6* Industrial
$173,500
16,270,000
listed
17,222,200
Averages
are
i;
Stocks
io
-
30
20
«
s
m
Total
10
Indus-
Indus-
Rail-
Utlll-
65
/K:: trials
ji^Dats-
roads
ties
Stocks
%
Bank
of the Manhattan Co
Bank of New York
Bankers Trust
Bonds
—
-
s
First '
Grade
trials
Second
i
Ralls,-;
10
Total
Grade
Utlli-
Ralls
ties
40
425
to
<
Bonds
47%
Guaranty Trust
Irving Trust
Kings County Trust
138
116
43
45
Lawvers Trust
48%
50%
Manufacturers Trust Co
20
100
22
47%
23%
Morgan (J P) & Co Inc
National City Bank
New York Trust
59%
61%
Public Nat'l Bank tc Trust—17%
,
75.20
105.51
115.31
100.34
108.66
107.46
105.50
115.42
100.69
108.61
107.56
Corn
63.12
41.60
75.51
105.31
115.45
100.55
108.59
107.47
50
114
118
10
26
29
Title Guarantee 6c Trust
10
43
46
Cnited States Trust
202.49
462.33
<
Exchange Closed
vt
44'/2
•
Exchange Bank 6c Trust-20
41.35
62.35
200.69
v.
74.87
105.32
115.27
100.30
108.59
107.37
Kmplre Trust
Federation Bank & Trust
41.25
74.44
105.37
115.25
100.21
108.53
107.34
Fiduciary Trust
National
;
Bank
..100
1,820 *
New York Stock
«»
FRIDAY
-
WEEKLY
-
Figures after decimal point represent
LOW
Monday
Aug. 12 ■
Low
High
*104.4
AND
HIGH
Tuesday
{'■} Aug, 13
Low j High
one or
SALE PRICES
Wednesday
Aug. 14
Low
High
Thursday
•; ;,y
Friday
Aug. 15
Aug. 16
Low
High
Low
*104,2
104.4
*104.2
High
104.6
"104.3
104.5
*104.3
104.5
EXCHANGE
*107.11
107.13
*107.11
107.13
*107.11
107.13
CLOSED
*107.10 107.12
*107.10
*109.22
109.24
*109.22
109.24
*109.22
109.24
*109.22
*109.20
113.2
*113
113.2
*112.31
113.1
*112.30 113
*112.29
103.6
*103.4
103.6
*103.4
103.6
*103.3
103.5
*103.3
103.5
108.3
108.3
108.2
*107.31
108.1
*103.9
103.11
Bonds ($)
112.31
*103.4
Sales for
: the Week
109.24
*113
n
'
v
102.24
*108.3
108.5
*108.1
108.3
*108
<4.13.12 113.12
*113.12
113.14
*113.12
113.14
*113.11 113.13
*114.13 114.15
*114.13
114.15
*114.13
214.15
*116.4
116.6
*116.4
116.6
*116.4
*103.19
103.21
*103.19
103.21
*103.19
103.21
*105.9
105.11
*105.9
105.11
*105.9
105.11
*106.8
106.10
*106.8
106.10
*106.7
106.9
*104.3
■
104.?
*103.31
116.6
104.1
*102.29
103.31
*102.31
103.1
al06.30al06.30
al02.10al02.10
102.12 102.12
*102.9
102.11
*102.9
102.11
*101.21
101.23
*101.21
101.23
*101.20
101.22
*101.19
101.21
*102.26
102.28
*102.26
102.28
*102.18
102.20
*102.23
102."25
*102.28 102.30
*102.29 J02.31
*103.4
103.6
*103.13
103.15
*103.19
103.21
*103.18 103.20
and
12%
23
25
12
100
1,880
YEARLY
are "and interest'—except for Income and defaulted bonds.
Cash and deferred delivery sales are disregarded In the week's
range, unless they are the only transactions
outside of the regular weekly range are shown in a footnote in the week in which
they occur.
No account is taken of such sales In computing the range lor the year.
The italic letters in the column headed "Interest Period" indicate in each case
the month when the bonds mature.
and when
■
High
Sterling National
25
Exchange
NOTICE—Prices
Saturday
Aug. 10
100
10
100
133
75.55
Bond Record
week,
——100
112
41.52
,
First
*Bid
49%
100
Trust
41.62
-
v;?-i
Fulton
Grace National
62.63
August 16-.-..
.
rat
%
437
203.99
August 15
the
*
a«a
35
62.87
Exchange Closed
203.36
_
AugU6tl4,£
,
100
;
,204.52
r.
Augusts
Low
33%
Brooklyn Trust
100
Central Hanover Bank 6c Trust 20
Chase National Bank
15
Chemical Bank & Trust
10
io
•
Htd
10
Commercial National Bank 6c
Trust Co
20
Continental Bank & Trust
10
August 10
U August 12
>
Quotations for Friday, August 16
PM
the daily closing averages of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.
on
840,920
Domestic—*—
Foreign government.
Foreign corporate
$18,111,700
Slock And Dond
Below
^
1.085,620
Bonds
716,000
$17,439,000
:
1945
1946
3,096,300
Bond*
asked
price.
No
sales
transacted
this
day.
a
Odd
lot
transaction.
104.4
102.12
6,000
10,000
more
S2d of a point.
v
.
of
SISI tHEI
J17
Hi
Volume i
104 ; ^Number
I jNumb'er'H 17
COMMERCIAL & FINANCIAL CHRONICLE
973
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING
:
Friday
Week's Range
Interest.'.'x'Last •''•^•••erFriday's
Period
Sale Price
Bid & Asked
■r':I.sV;' "?'M BONDS
New
York
Exchange
Stock
'
U. 8. Ctevenunent"
New
Stock
118%
1980
/:
Last
>
or
Sale Pyloe
1928
of
1927_
3s external
A Colombia
-Oct
1961
A-0
.Jan
loci
J-J
f $ bonds.
s
1947
A-O
M-N
F-A
1947
Rica (Rep of) 7s
(Republic of) 5s of 1914
*55
98
99
96%
98%
M-N
1949
Af-S
4%s
loan
4y2s
1949
debt
1977
J-J
1945
J-D
5%s
5%s
works
SAPublic
317/a
ACzechoslovakia
33%
:
'
167%
A-1951
A-O
«•••' ■ 'AY':
A-0
L*-m'
J-J
99s/a
External
1955
F-A
4%s—._^.-......1962
lADomlnican Rep Cust Ad 5%s-._11942
SA 1st series 5%s of 1926
1940
Teletype
Exchange
sink fund
1940
A-O
1961
A-O
|A2d series
NY 1-1693
s
5y28
Customs Admin 5%s 2d series
5%8 1st series
Foreign Govt.
Municipal
A
Agricultural Mtg6 Bank
78
(Colombia)-—
1947
1941
1968
AGtd sink fund 6s
AGtd sink fund 6s
(King of Norway)
Akershus
4s
SAAntioquia (Dept) coll 7s A
1945
SAExternal s f 7s series B
1945
SAExternal s f 7s series C
—1945
SAExternal s f 7s series D
1945
A External s f 7s 1st series——1957
f 7s 2d series.—1957
f 7s 3rd series—1957
A External sec s
AExternal sec 8
(City) external 5s
—1958
(National Government)—
B f external 4%s
1941
S f conv loan 4V28
1971
S t extl conv loan 4s Feb
1972
B 1 extl conv loan 4s Apr—
..1972
Australia (Commonw'lth) 5s of'25-1955
External 5s of 1927
1957
External g 4%s of 1928—
1958
Belgium external B%a—
—,—.-1949
External s f 6a———
-1955
External s f 7s
—1955
1A Br a Ell (U S of) external 8s
1941
Stamped pursuant to Plan A
(Int reducea to 3.5%)
1978
AExternal s f b%s of 1926
1957
Stamped pursuant to Plan A
(Int reduced to 3.375%)
1979
AExternal s f bV2s of 1927
1957
Stamped pursuant to Plan A
(Int reducea to 3.375%)
1979
A7s (Central fty)
1952
Stamped pursuant to Plan A
(Int reduced to 3.5%)——-1978
5% funding bonds of 1931
Stamped pursuant to Plan A
X
(Int reduced to 3.375% )
1979
j External $ bonds of 1944 (PlanB)—
A Antwerp
F-A
*85
A-O
*85
M-S
103% 103%
2
97 y«
37%
3%s
Series
5%s Series
3%s
Series
3%s
Series
3%s
f
3%s
Berles
J-J
Series
3%s Series
3%s
3%s
Series
Series
38
36%
38
36%
373/4
37%
37%
31
36%
30%
373/4
33 y4
303/s
33
30%
33
31
*31
A-0
*31
J-D
—
100%
100% 100%
A-O
100
100
J-J
110%
110
M-S
104 5/s
104% 104 5/b
M-N
102
101 >/4 102
..
J-J
J-D
A-O
74
74
74
60
76%
62%
85
A-O
85
71
4
73
73
58
73
7
62%
65%
J-D
65%
73
67
58
61
v-61%
673/4
61%
66%
67
61
76
78
77%
79%
JB2
66
60%
65y4
70 • v
64%
63%
17
*63%
No.
18
*63 y2
645/a
3%e Series
No.
19—
*63%
3%«
Series
No.
20
*63%
3%s
Series
No.
21
*63%
66
67%
*63%
Series
No.
22
Series
No.
23
3%s
Series
No.
24
*63%
65
603/8
65
3%s
Series
No.
25
*63%
64%
61
65
*63%
65
60%
65%
64%
60 ya
65
60 y2
65
643/4
61
643/4
66
60%
64%
26
27
28—,
643/4
3%s Series
No.
29
643/4
3%s Series
No.
30
*63%
Buenos Aires
y
External
s
M-S
101
101%
2
100
F-A
101
1013/4
4
100
102%
4
101
102
*96%
M-8
1978
F-A
100
1978
1975
A-O
100
3% external » t $ bonds—-—.,1984
ACarlsbad
30-yr 48—1960
_1961
15 1948
-Jan
(Clty» 9s.
A 6s
M -N
A-O
1960
fund
1961
assented
—
1961
1961
J-J
100%
90%
100 3/a
„
74%
*
:
1961
assented——.—.——...1962
ACbile Mortgage
j
Vr(
iJ
'
<
I r
101
104
F-A
-1963
„1970
extl
(Rep)
mod
3^*8
J-D
—1956
1994
:
,
..
5
26%
26%
——
26%
26%
1;
263/4
263/4
# K;
30%
30%
30%
293/4
30%
22%
■
24%
30%
21%
*101%
—
M-N
f
M-N
J*
'•
■
1 •'
V-.V-
*99%
—
—/:v,'
*100%
w.
.
993/4
*104
*..
47 3/4
*—
..
..
105 3/i
393/4
__
M-S
2008
M-S
.1959
1960
J-D
25%
25%
26'A
1961
A-O
25%
255/a
26
'
"20
*
external 7s
M-S
26%
—
102
9834
100
40
13
Bank 6%s.—1957
J-D
'
28%
->■ 1QRT
J-D
25%
26
28
21%
283/4
J-D
26
26
1
,.:-.2t
26
2
: 23%
-
1961
A 6s
1
assented
AGuaranteed sink fund 6s
A6s
A7s assented
:
26
A-O
26
1962
Af-N
For footnotes see page
977.
M-S
J-D
».
3
26
24
24
16
29%
.
20%
•
10
11
28ys
21%.
30%
30%
'' :
(Rep
of)k
dc
*__
25
25
*14
17%
13%
24
43
48
42
47
43
45
41
43
40
*335/a
38
*._
83
101
a'a
*42
8s
!.
A7s
1953
37
103%
42
48
52%
37%
50
38
37
35 y8
45
,—1966
(Int
—
J-D
39%
J-D
35
M-N
44%
42
1967
45
44 ;.i
42 ya
47
10
35%
40%
43
r-
39
Financial Institutions
,
SECURITIES
FIRM TRADING
f-ABL
MARKETS
JJtKBBS & PA ^
FOREIGN SECURITIES
50 Broad Si.,
I *18%
16
; 29
37
Telephone HAnover 2-0050
52
50
347/a
1
42
2004
FOREIGN
'
-r'l
36%
)—..2004
For
;
37%
37
4
40
to Plan A
reduced to 2.25%)
fi
48
37%
47
Stamped pursuant to Plan A
.
85
101
10132
45
37%
2001
.1946
<( Int reduced to 2,25%
municipal loan
35%
■
76
(State of)—
Stamped pursuant
rv
24
16
—1966
(City of)
23
32%
18%
*25
*13%
(State) extl 6s.
Janeiro
18/^
31
*13
—
SPECIALISTS
New York 4, N. Y.
29
27
33
25%
24
24
29
23%
....
*23.
1860
5s
29
22y8:
26
M-S
19SJ
.
(Hukuang Ry)
Af-N
21
26
-
1980
assented—,
AChllean Cons Munic 7s
ACblnese
25'/4
A-O
1961
—1962
AGuaranteed sink fund 6s
J-D
1961
A6%s assented
,
18
28%
26
23%
20%
X::X.v.X:^''
A6%S amwntftd
44.
46
42
%
ASlnklng fund. 6%s——1961,
106%
.
39
26»/4
26
100%
1053/4
M-S
—
1033/8
—
*99
J-D
103
99 y«
30%
21
wW-
99%
3oy4
24%
21%
3
107 y4
104%
104
,-*102^riil /•
.
30%
21%
•V-
107 y4
11
101
—1947
7s
A7s external loan of 1926
303/4
24%
263/4
4
107 y4
100
30%
213/4
21%
26%
....
101
4
3oy4
22%
27
6
104
—1967
ref 3%s series B
(State of)
:
—1963|
to.
104
104
r-
104
A-O
f 5s ser A_1963
s
ext
100% 103
1003/8 1033/4
30
y4
21%
—
26%
Af-N
,
63
24%
11
263/4
Af-N
;
,
A-O
pursuant to Plan A
•(Int reduced to 2% )
2012
30
21%
1
30
—
A-0
"
M-B
-1965
Stamped
1021/4
47
26%
26%
A-O
lOft**
'J * I
10
pursuant to Plan A
(Int reduced to 2.5% )
1999
A 68 external sink fund gold
1968
1145/a
22
26%
MS
A 68
1103/a
59%
p
M-S
1981
1962
AExternal sinking fund 6s——1963
.
13
1003/8 101%
Stamped
?
1093/4 112%
^m^0-
.
94
100%
*100% 101 Va
J-J
ARy external s I bs
Jan
A 6s assented —
—Jan
AExtl sinking fund 6s
Sep
AOs assented-————Sep
AExternal sinking fund 6s
r A6S
100 y4
88%
1
F-A
1961
87
100 Vf
F-A
Feb
,
100
27
A-O
Feb
6s
100 J/4
110 3/8 110%
.
J-J
nw.t
86%
1093/4110%
A-O
J-J
96%
*92
.1942
assented
sinking
101% 101%
1003/4
-1956
4y2s
4y4s
extl loan
fund
Rio Grande.do Sul
95%
*100%
J-J
M-N
;...
:•
Af-N
1942
AExternal sinking lunu a*
A Extl
.
—
99% 100
J-J
_
jAChlle (Rep) External s f 7s
8A78 assented-—
A6s
101
A-O
Stamped pursuant to Plan A
(Int reduced to 2%)—.—..2013
104
J-D
Af-S
1977
25-year 3Vis
8%e —.
F-A
A8s extl loan of 1921
Refunding s f 41/4-41/2s
External readj 4%-4%s
External s f 4y2-43%s
Canada (Dom of)
fund
42
*125
-1958
(Int reduced to 2.375%)
sec
6y2s—
103%
VOA1
40
*37
—
46
35
-1957
AExternal
(Province of)—
f 4y8-4%s
38
Stamped pursuant to Plan A
103
1958
—1950
—
J-D
5s__
sink
Queensland
A Rio
1957
A6s ■tnmpft/1
*17%
Stamped pursuant
(Int reduced to
64%
*63%
16%
*243/4
to Plan A
2.25% )_. —2006
APrague (City of Greater) 7%s. —1952
3%s
64
..
*14
1952
AExternal loan 7y2s
3%s
—
12
*18%
- V:
gold 6s——1940
1958
AStabillzatlon loan s f 7s
1947
A4%s assented
1968
AExternal sink fund gold 8s
1950
A4%s assented
1
1963
APorto Alegre (City of) 8s
1961
Stamped pursuant to Plan A
—2001
(Int reduced to 2.375%)
65%
,
f
s
JortUv
65%
Series
;/
173/4
*10%
2008
2.125%)
to
f 5s
s
(Rep of)
fAPoland
643/4
15
16
II
„
'
64%
No.
(City) s t 5s
*16V8
*12 3/4
;
ANat Loan extl s f 6s 2d ser
65%
No
11%
1951
(City) 7s
(State)—
A4%s assented^
*63 %
,
__
*21%
agree
ANat loan extl s f 6s 1st 3er
82
*64%
14
sec
APeru
77
*64%
ii
Sinking fund gold 5s
Sinking fund geld 6s
1942,
Stamped pursuant to Plan A
(Int reduced to 2.125% )
82
82
No.
Brisbane
*13%.
agree
(State)—
APernambuco
82
e82
3%s
.
Ext
77
*64%
11
No.
5,
AStamped assented 5s—..
68 y4
82
No.
sink
Stamp
68
e82
No.
Nov.
(Kingdom of)
APanama
68%^
*82
Series
to
68%
63
—
Series
1942,
Municipal B*nk extl s f 5s
Oslo (City); sink fund 4%s
"
76
:,.ex$u 68 m
67
*82
Series
5.
Wales
External
75
3%s
Nov.
reduced
(Int
South
External
67 M»
e66 %
e66%
67
3%s
to
*10%
1943
assented
stamped
External
1
"
60
Series
3%s
*96% 100 3/8
•
60
—
Irrigation—
AMontevideo
4s
3%s
Series
1954
1954
8tamped pursuant to Plan A
—
3%s Series
3%s
*99% 100%
12%
Norway
75
42y4
18
133/4
Stamped pursuant to Plan A
(Int reduced to 2.125%)—2008
ASec external s f 6V'2s
1959
1
*62 y8
J-D
133/4
100 .100 f
1960
ASec external s f 6%s
7
73
73
46
38%
*15%
31%
New
A-O
s
31%
76%
70
A-0
38
J-D
1964
(Prov) 4s readjusted
Mlnas Geraes
82%
—
M-fl
12%
117
1
64%
2
2
1957
AAssented
64%
2
73%
*61%
J-D
1103/4
113
111
.73%
—
103%
105
*116
J-D
V
s.
102% 102%
"v
extl 5s of 1899 £
1945
SAAssenting 5s of 1899
1945
i AAssented to Nov. 5, 1942, agree
AAssentlng 4s of 1904
1954
AAssented to Nov. 5, 1942, agree
AAssentlng 4s of 1910
1945
AAssented to Nov. 5, 1942, agree
iATreasury 6s of 1913 assent
1933
1063/4
1033/4
9
113
113
—-
SAMexico (US)
102
1003/4
*103y8 108
M-S
—
*103y8
A4%s
102%
103%
63
101%
102'%
1013A
101% 101%,...
1952
Mexican
104%
96%
4
1
.
*101%
»*•»-
102 5/a
101 y8
—
1013/4 1013/4
>mnm,
■
Ajugoslavla (State Mtge Bk) 7s
AMedellln (Colombia)
6%s„
106% 112%
63
1103/a
A-0
i860
104
96%
9
100
*101%
Af-S
19b8
f 6s series A
(City) ext 6%s
AAssented
100
7
99%
99%
F-A
paid-.-
(Republic)
Mendoza
100 Va
17
M-N
:
104
90%
'
•
Irish Free State extl s f 5s
131%
100
7
2
'66%
8
9
10
No.
33
100% 100%
M-N
7-.
No.
2
—
paid
Helsingfors
—
101% 101%
No. 6
No.
No.
—
**66%
3%s Series No. 12
3%s Series No. 13
Series
36 V*
9
A-0
5
3%s Series No.
3%s
4
37%
A-O
102
„■
A-0
part
Haiti
37'A
2
10
102 y*
98%
96
100
J-J
part
A6s
104%
37%
——
No. 3
No. 4—
S%» Series No.
85
77
37%
37%
J -J
J-J
No. 1_
No. 2—
No.
A 7s
*37%
J-J
Argentine
i
__
unstamped
/
1
,
Greek Government—
85
77
102 V4
18
102%
102
1969
(Republic of) 7s
French Republic 7s stamped
168 V4
98
37
102% 103%
103%
1967
1949
1949
5%s 2d series
AEstonla
•"/r
99% 100
M-S
1969
'
A-O
External gold
Broadway, New York
120
REctor 2-2300
ser
115
162
2
102 y4102 y4
1942
,
1021/4 102%
1952
(Rep of) bs
115
109
1
__
wASlnklng fund 8s series B
108%
110
16
—
167%
lADenmark
20-year extl 6s
gold 5'/aS
39
111
104
•
*112
167%
98 y2
106,
112% 113%;
112%
100
88 3/4
*103 Ve
F-A
56
31%
*106
J-D
1953
external
Sinking fund
'vi
-
54%
91
J-D
Af-N
1951
External
Member! New York Stock
51% I- 56
51%
1953
ACosta
.
70 V
v
5iy»
1952
:
Cuba
Weriheim & Co.
58%
*55
iCityi bs
25-year gold 4%s
90
8i y2
69%:
*55
1948
90
81%
90
68 y*
Mtge Bank 6%s
High
Lota
*90
A-O
,1970
Coptunageu
Telephone
January
No.
High
90
ASlnklng fund 7s of 1926
ASlnklng fund 7s of 1927
Foreign Securities
|
Since
1 ;
Range
(Republic of)—
of
AOe
118% 125%
10
Week's Range';-;b'-:0:h
Thursday's1
Bonds
Bid A Asked
Sold
Friday
Interest
Low
Colombia
118% 119
'
'
Exchange
High
Low
No.
A6s
Corporate Stock
J':'
BONDS '
<
York
Period
;
Transit Unification Issu*—
3%
\
January 1
Sold
High
Low
•'
•
York-City
1
New
Range Since
Bonds
■
~
-
AUGUST 16
Teletype N, Y. 1-971
M 46%
42
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE FOE
WEEK
"
ENDING AUGUST 16
ION D S.
New
York
Slock
,^-y
Interest
Exchange
Period
.Week's Range
Friday
y
-last
or
Sale Price
Friday's
Bid & Asked
Low
Buffalo Rochester &
Stamped
High
,
Z-.
Bonds
Sold
No,
V
Range Since
January 1
Low
High
£gh Ry—*
modified
(interest
at
3% to May i; 1947) due
1957
IBurlington Cedar Rap & Nor—
§ Aist ft coll 53-^—^..—-_1934
•
4
ACertificates
of
deposit——
Bush Terminal 1st 4s
Consolidated
;^Mli^ iosa
Bush Term Bldgs 5s gtd
61
1952
.
R*
.—.I960
Broadway 1
Telephone—DIgby 4-4933
Calif Oregon Power 3 Vis—.—1974
Canada Soutnern
BONDS
Friday
Interest
Stock Exchange
Last
Period
New York
f
Sale Price
or
Friday's
Bid & Asaed
Low
Santa Fe external sink fund
lASan
(Int
reduced
Ad % s extl
;
to
secured
MS
1952
Paulo
(City) 8s—.:
Stamped puisuant to Plan A
'
;
1964
as.
Af-N
2.375%)
Bonds
Sold
No.
*98 Vi 100%
—
—
Low
.
(Int.
reduced
116
119
1970
116% 116%
4%a
1955
*121% 121%
121 Ya
4V2B
..1956
120 % 120 %
120 Vb
123%
Guaranteed
gold
4'/as
..1951
*113% 113%
113
116Vi
■'%:'?-ti
-.■'t
!'
Clinch
&
Ohio
4s
108% 121
105% 105%
104
107
105Vi
105
105'/a
89%
85
89%
—
Central Illinois Light
lACent New Eng 1st
85
85
99%
A5s
A
7s series B
sec
extl
of)
(Prov
extl
72%
87 Vi
33%
21
1987
1987
1987
1964
gold 4s_1949
to Aug 1 1949)™
lACentral RR &
5s
-.1974
i
stamp
Banking
3%s-4-4% %
'
External
Co—
(partial redemption)—1942
Champion Paper & Fibre deb 3s—1965
Chesapeake & Ohio Ry—
General
($ bonds of 1937)—
readjustment
External
1979
R & A Div 1st
extl conv
1978
4-4%-4%s extl readjustment—1978
3Vis extl readjustment
*
1984
AWarsaw
A4%s
(City)
external 7s
gold 4V2s
1992
Ref ft impt mtge 3Vis D.i.
Ref & impt M 3Vis series B—
1979
;
conversion^
3 %-4 Va-4 -fa
J
2d consol gold 4s
1958
s
•Toll trust 4s of 1907
MS
AND INDUSTRIAL
—
Southern
3 Vis.
1967
Power
1st
3%s
1972
mtge
'*104% 104%
*104
Foreign Pow deb 5s—
104% 105%
102% 103%
104 Vi
107
115%
114
£116%
109
109%
100%. 104
107%
-;
Hr—
-19«2
—.1969
.....
A
ft
Charlotte
Air
mortgage 3%s
Atlantic Coast
General
1st
Line
155% 157%
143%
159%
103% 103%
103
107 Va
104
104
cons
4s
100%
100% 100%
100%
100%
1st mtge
104% 104%
103
105%
Gen
106
105 7/8 106%
105
107%
4Vis
92%
99%
Second
mortgage
Refining
2%s
conv
inc
B
ser
1st
Railways
of
104% 107
109
19C6
Gold
Ref ft gen ser C
to Dec 1 1946)
Ref ft gen ser D
Sep 1 1946)
"
\.T•
1st
&
ref
M
Ref ft gen ser F
r
2%-4y4s
:
to Jan 1
-
1995
45
81
Terminal—• v
Union
mtge 2%s ser G
105% 105%
City investing Co 4s debs.iu—..1961
104% 105%
deV6 din Chic ft St- Louis Ry—
Ref ft impt 4% s series
Cin Wab ft M Div 1st 4s
1951
8t L Div
1st
coll tr
Cleveland
Series
ft
C
>'
1951
102 7/8
*108%
8
f 5s series B
s
ft
1st M 5s series II
1955
1st mtge 4s serie3 RR
Alnc mtge 4%s ser A...
*105% 106%
1961
*106%
..I960
1st gold 4%s series JJ
98%
..
99
July 1970
1A Boston & N Y Air L 1st 4s
108
110%
104
106%
107% 107%
107%
116%
*108% 109 y4
Bklyn Edison cons M 3%s
Bklyn Union El 1st gold 5s
i960
^1950
Bklyn Union Gas 6s series A
f debentures
1947
1969
Buffalo Niagara El 1st mtge 2%s_1975
977,
Columbus ft H V
107%
109
Columbus
105%
106 %
106%
106%
60%
105 ya
105% 106
105
Ry.—
Columbus ft Tol
1st
Conn
mtge
3s
*io6y8
..
*103y8 105%
105% 106
103% 104
103% 105%
106%
106%
103%
106 y8
105 y4
107 ya
103%
106%
.•
61
84%
106 Va
106%
*109%
108%
111%
1955
*115%
116
116
1st
extl 4s__;
series
L
Ry ft L 1st ft ref 4 Vis
Consolidated
*;64
110
108%
.108%
*105%
extl gold 4s—1948
Conn River Power 8 f 33/4s
103% 103%
1980
modified)—
1st
Commonwealth Bdlsdn Co—
84%
85
& Sou
106
107% 108
Ohio El 3V48——1970
105%
61%
1955
93%
110%
109% 109%
-1977
gtd
Southern
(stamped
102%
98% 104
10G
-1990
•
—
91%
86 y2
105
—-1973
f 4Vis series C
4V2S
103%
108% 121
105% 105%
-1948
*--—*.1950
gtd.
gtd.
Colorado
1970
1967
1st 5s A C
89%
*
Pittsburgh RR—
3Mas
1st
Bethlehem Steel Corp—
Cons mtge 2%s ser I
95
1970
gold 4s
1st
1960
94
89%
——1991
Cleve Short Line 1st gtd 4 % S——1961
Cleve Union Term gtd 5%S;
.1972
1951
109%
*119
-.1977
3s
Series D 3%s
1951
Boston ft Maine
109
General gold 4s__;
&
1993
General 5s series B—...i.:—1993
102% 102%
page
*112%
1974
4a A—'—.1959
see
•
E—_—1969
mtge gtd 3%s series
Cleveland Elec Ilium
■;
107%
104 7% 104%
101% 102%
stamped
110%
107
1962
44 Vi
1950
Beech Creek Extension 1st 3%s
Bell Telephone of Pa 5s series C
100
lOSVa 106 %
*109
:—1952
4s
80
(int at 3%%
;
For footnotes
com
1st
(int at 1% to
Con ref 4s.
4s s
G
ser
Indiana
*44
Bangor ft Aroostook RR—
;v4s
27/bS
*43%
Feb 11960
foledo Cin Div ref
mtge
94%
108% 108 %
—1063
—1963
1st
2000
due
95 %
.
mtge 3%s series F
Cincinnati
(int at lYa%
due.
1995
1947)
103%
95
.
Cine Gas ft Elec 1st mtge 2%s—-1975
(int at 1% to
S'west Div 1st M
103
.—..1994
*
ISAChilds Co deb 5a part paid.—1943
jADebentures 5s part paid
1957
lAChoctaw Ok ft Gulf coni f>8—1952
to
Pgh L E ft W Va System—
Ref gold 4s extended to
\
\
■
1994
Station—
1st
due
'
1st ft ref 4Vis series D
jSep 1 1946) due—.1996
A Conv
i:-
-v/
.
2%-4Vi8
Union
Chic & West
due
107%
3
Chicago Terre Haute & S'eastern Ry
July 1949
due
103
1960
.1951
Vis——1951
Memphis Div 1st gold 4s
..—1951
102% 105 V*
Stamped modified bonds—
1st mtge gold (Int at 4% to
Oct 1 1946) due
July 1948
1946)
98%
107
.1952
gold 4Vis_i
i
Chicago St L & New Orleans 5s
113
110% 118%
42%
46%
33%
38%
1948
(int at 1%
84
104%
.1934
JASecured 4Vis series A__
Baltimore ft Ohio RR—
1
85%
deposit.;
1st
Dec
.84%
*104% 105
stpd
A Conv
Income
Ref ft gen ser A
5s
105%
107%
74% ? 96%
...1989
1st
lARefunding gold 4s
1948
mtge gold 4s
58
.
Chicago
1st
91%
2044
..Jan 1
mtge 3s ser B—
ACertificates
19S4
debs
80
110%
25% partial redemption
1927
IChicago Rock Island & Pacific Ry—
AGenerai 4s
1988
July 1952
4s-
105
—.—1994
4s ser A
mtge 4%s inc ser A Janl 2019
Chicago ft North Western Ry—
2nd mtge conv inc 4Vis—Jan 1 1999
98% 104
1963
A
53
Chic Milw St Paul ft Pac RR—
104%
Ry—
Atlantic & Danville Ry 1st 4s
Atlantic
72%
107%
103% 107%
104%
1995
...
unified 4%s
1983
2nd mtge 4y2s inc ser A———2003
Chicago Ind ,ft bau 50-year 4s
lyou
—
155%
103%
Adjustment gold 4s—July 1 1995
Stamped 4s.
July 1 1995
Atl Knox ft Nor 1st gold 5s.
1940
1st
Janl 2038
Indianapolis ft Louisv Ry—
1st mtge 4s inc ser A
.IfAChicago
Atchison Topeka & Santa Fe—
■v. General 4»«
-.U
4Vis
Chic
A
Anglo-Chilean Nitrate deb
1965
Ann Arbor 1st gold 4s—.i...1995
Atlanta
AGen inc mtge
110
American Telephone ft Telegraph Co.—
Amer Tobacco Co deb
3s debentures
1985
—.—1970
AGen mtge inc (conv)
1997
1st mtge 3%s ser B
—1983
Chicago ft Erie 1st gold 5s.i_—.
1982
Chicago Gt West 1st 4s series A
1988
109%
105%
*100%.V—,
2030
3s conv debentures
1956
2%s debentures——1 gap
2 % debentures
1975
2%s debentures
1986
53%
Chicago ft Eastern. Ill RR—
105%
109% 109%
Albany & Susquehanna RR 4%s—1975
Alleghany ft West 1st gtd 4s
—1998
Am ft
124
52 Vi
1977
—
1st & ref mtge 3VaS
1st & ref mtge 2%s
COMPANIES
1947
Great
Alabama
122
-1958
-
1st ft ref 4 Mi s series B
Alabama
129
1989
;
105% 106
1989
.....
General 4s_
Adams Express coll tr gold 4s...—1948
105% 106
1996
gold 4s
cons
145 % 145%
.*.1990
fACLlcago ft Alton RR ref 3s__
1949
Chicago Burlington, ft Quincy RR—
RAILROAD
;
107%
1974
1960
A External sink fund 6s
85
44%
1960
—
4s
(4%%
Sydney (City) s l 5%s._^.. ^...—1055
AU^uuUny (Republic) extl 8s
1948
6s
33%
73'/a
37
—1946
3Vis
Central Pacific 1st ref gtd
1st & ref series A
1958
^ 1QR8
A External sink fund
96
108
22
gold 4s—1951
Central N Y Power 3s
Cigar Corp
'
——1977
1951
1961
A_.
3y4s„—1965
Consolidated Edison of New York—
Z
3Va8
debentures
3'/as
debentures—
3Vis
debentures——._
'
1945
registered
A4s
1962
;
7s__
'
1959
registered
AGenerai
1962
A4Vis
91
gtd 4s
1961
lACentral of N J gen gold 5s—... 1987
Berba Croat# ft Slovenes (Kingdom)—
ASilesla
87%
....1959
§AMoblle Div 1st. gold 5s_
(Int'reduced to 2%).—2012
s
f 7s
1940
:
105 %
109
1960
3y4s debs
AChatt Div pur money
Stamped pursuant to Plan A
(Int reduced to 3.5%)—1978
external
Vi
107Vi
109
109
1965
Corp
IA Con sol gold 5s
ARef ft gen 5 %s series B
ARcf ft gen 5s series C__
IA Secured
secured
105%
105
102
1963
1981
iara
Stamped pursuant to Plan A
(Int reduced to 2.25%).—2004
A8s extl dollar loan.
,.—^1.^.1968
Stamped pursuant to Plan A
A8s
124
•
,
'
125
gold
*
1999
:
118
ACent Branch U P 1st gold 4s
lyijj
ICentral of Georgia Ry—
§ A 1st mtge 5s
Nov 1945
A 8s external—j—1930
r
115
Celotex
■■
_
116%
Cart & Adir 1st gtd gold 4s
Celanese Corp 3s debs
(State) 8s
—;
1938
Stamped pursuant to Plan A
(Int reduced to 2.5%)
—1999
A7s extl water loan
116
gold
Carolina
fASan Paulo
Stamped pursuant to Plan A
(Int reduced to 2.5% )—
125 Vi
1969
.Oct
1217a
Ry 4% deb stk perpetual
IIA Carolina Central 1st gtd 4s_.._1949
Certificates of deposit
■
v
5s
1183/4
121% 121%
Can Pac
2012
2%)
108
119Vi 119Vi
Guaranteed
54
1957
to
gold
106 %
J 962
1957
Guaranteed
High
95% 100
Stamped pursuant to Plan A
.
gtd 5s A
gold 4!/as
Guaranteed gold 5s
January 1
48
—
Guaranteed
Range SInee
2001
f
s
High
cons
Canadian National
Week's Range
—.'—1948
101% 101%
101V*
1950
—.1958
102% 102%
101%
103
104%
*104% 105%
104%
106%
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4517
Volume 164
NEW
YORK BOND RECORD
FOB
BANGE
>
./
::;S;.:;3£.BD ND S-w:.3: ti-jt.
Friday
York
Interest
Exchange
Stock
Last
Period
New
Sale Price
,/
Friday's
Bonds
or
Rid & Asked
Low
{AConsol
A
J-J
1955
4s_
High?
:
1954
Ry non-cony deb 4s
Debenture
J-J v.-
Continental
Crucible
1st
Power
1955
Baking 3s clebs
Steel 3y4S
1
s
J -D
:1942
J-D
debs
lACuba Northern Ry 1st 5%s
receipts—
ADeposit
//
ADeposit
J-J
58
receipts
-k
-
''
"■
57
•
58
•
82%
'
42
45
45
44
44
1st ft ref 4yas series C
104
1963
A6s
i:
rets———1946
B deposit rets
—1946
A deposit
ser
J-D
/ Ina
111
ft
Iowa
1st
gold 48—
ser
60
Inland Steel
51
AAdjustment. 6s series A
A 1st
40
45 v.'
531/4
44/
53
Deere
2%s
& Co
1965
debs
1965
Lack
&
West
RR
•J—
100% 101%
AIncome
Morris
mtge due
Essex
ft
A 1st
1st mtge 3s series F
A-O
1961
series A—
6s
5s
1952
106% 106%
/
*
Power
&
Light
Granae
*nnsnl
IA 1st
A 1st gold 5s series O———1956
lAInternat Hydro El deb 6s
1944
1947*
J-J
1972
Af-N
Paper 5s series A & B-
4a
•
2
■
99%
104
3s
•108% 109%
1973
78
245
61%
79
22
Edison 4s
11%
203
9%
11%
504
71'A
148
9%
1978
68%
9
series
.
F
Detroit Term & Tunnel 4VaS
29%
'29'A
76
58
109
108
3
106'/a
109
16
107%
Frankl ft Clear 1st 4s
—1959
63 %
1
70%
53
45%
8
.53
116'A 116%
116%
Det Tol & Ironton RR 2%s ser B__1976
3
114
96'A
2
96%
96'A
---
.1961
—
1962
East Tenn Va & Ga Div 1st 5s_
1956
M-N
•121%
Ed El Hi (NY) .1st cons gold 5s_
Electric Auto-Lite 2'As debs
1995
J-J
•155
1950
J-D
•102
Elgin Joliet & East Ry 3'As
1970
M-S
•105% 106'A
I960
A-O
ui-1968
A-O
8
6t
W
1937
42
12
53%
98%
......
;
,
,
mtge inc 4%s series A—
1st
ions
mtge 3'As
ser
mtge 3 Vis
mtge 3Vis
ser
107%
104%
cons
1st
cons
2s
•
ser
let
Kentucky Central gold 43
Stamped
4V2s
104%
107%
•122
122
122
J-J
•108'/a
1961
"111%
unguaranteed—
__-200O
87
—
183
.-1997
122%
155
-.1964
{AKreuger ft Toll 5s ctfs———I960
157
A 1st
mtge income
MS
US
98'A
,
.
4%
J-D
108
108
J-D
•104
106%
82%
Deo
85
Lehigh Coal & Navigation Co.—
102%
127%
124%
Lehigh Valley Coal Co—
124'/a
1st ft ref sink fund 5s
87
S
F mtge
104
106%
100'A
106
98 V2
5
•96'A
M
2-
97%*
96%
1964
¥-a.
-1974
•:
-1974
stamped-
—
•100% 101
F-A
.1964
stamped
5s
•100
.1954
1st ft ref sink fund 5s
106
F-A
.1954
stamped
5s
•107'A
A-O
1970
3%s ser A
1st ft ref sink fund 5s.
103'A
5
98%
.184
4%
—1975.
reg-
106%
8
88
__
Lautaro Nitrate Co Ltd—
102
29
104
3 Vis
101'A
•105%
—
~
-95-44r §5%/
106%
106
80
87%
88%
96%
52%
49%
65
47
47
45
60
56%
57%
54'A
69
62%
73%
Leh Val Harbor Term gtd 5s_
-1954
F-A
82%
83%
-1950'
j-j
90
92
51
83%
-2093
Jf-H
51
registered
2003
4%s stamped modified
-2003
4%s registered——.—2003
Fh
57
2003
ft -N
4s
Firestone Tire ft Rub 3s deb
1961
103%
104'A
104
106%
t§AFlorida Cent & Peninsular 5s—1943
<>
deposit
{Florida East Coast
1st
4yas
♦Alst ft ref 5s series A
Certificates
A
of
1959
•103
—1974
78
100
107
104
78
90
80
W«103
—
5s stamped modified
131
—
103%
deposit
88'/a
78
98
Francisco Sugar coll trust 6s.
104,
108
'U-
Lehigh Valley Terminal Ry ext 5s_195i
1st 50-yr 5s gtd
1965
Liggett & Myers Tobacco 5s
1951
Little Miami gen 4s series A
1962
Long Island unified 4s——1940
Guaranteed ref gold 4s
—1949
4a stamped——-.
-"—1-;——1-1940
■
(P) Co deb
Lorlllard
Gas ft Elec of
Berg Co cons 5s
1949
Realty & Utilities Corp—
General
A4s conv lnc debs,{AGeorgia ft Ala Ry-5s
of
56%
1934
.
13
120
1952
121
1973
136%
102%
9
-.—1976
136% 136%
>129% 133
General 4%s series E
——1977
Gen mtge 3 'As ser N
Gen mtge 3yas ser O
—
119%
2
121
General 4%s series D
136'/a
107U 10714
"l
107} h
134%
110 3V.
1990
104% 104%
54
102%
107
2000
-102% 103'/a
1021/a
107
120
106%
107%
105% 106
—
100%
104%
110% 111
100% 100%
a-o
110% 113%
-1951
MS
•—
105
100
1177/a
—
Metrop Wat Sew ft Drain 5%s
75
79
102% 106
119
116
11
17%
103
104%
105%
107'A
11%
103 »/a 103'/a
15
106% 106%
1
11
mtge lnc 5s series A
1st ft ref 3%s series D
.—2015
—
M
—
2%s
99'A
89%
82 ,:
88
101
102% 103
102%
103
>
87%
Af-N
•63 Va 100
Af-N
107
107
105%
96,
75
108%
103
101%
103%
28
23%
M-N
94%
93%
93%
TQTy
75
1950
A-O
103
4s—1938
F-K
•23%
3%S——1951
US
•100% 103
1st
MS
•105
106%
Ref ft
J-J
106
106 Va
6
103
ftT-S
111
111
5
109% 113
A-O
64
64
7
64
9
99
Side
El
Jack Lana & Sag
(Chic)
12
99 Va
104%
gold 3%S——1952
impt. 4%s series C
2-1979
Michigan Cons Gas 1st mtge 3%s_1969
101%
104
{§ A Midland of N J 1st ext 5s
100%
100%
'100% 101%
1976
Metropolitan Edison 1st mtge 2%s_1974
20
99'/a
102% 103
196°
J-D
Michigan Central-
1975
—
B
1954
Manati Sugar 4s sink fund—Feb 11957
AManila RR (Southern Lines) 4s
1959
{SAMet West
87%
J-D *
-I960
A
ser
ser
99'/a
—-1959
B
Greyhound Corp 3s debs
4%s
RR
coll 4s
mtge ft
91%
34
Gulf Mobile ft Ohio 4s series B
100%
1st
98%
78
—1982
Maine Central
98
•75
1st
104% 105
104
90
99
Gen
107%
106
116%
104%
•116% 118%
__
104%
104
17
•97%
Gulf States Utilities
.105% 107%
105% 107%
—
ms
28
90'A
1961
P
2%s ser Q—
2'As ser R
AGreen Bay ft West deb ctfs A
ctfs
ms
t
a-o
90%
—2010.
mtge
A Debentures
F-A
A-O
118%
no5%
105%, k 105% 105%
•105% 106%
2003
G
99'A
99
mtge
mtge
Gen
ser
ni8..
—•
MS
MS
122%
140%
127 '/a
Gen
2%s
M n
ms
117% 120%
3s———1980
ser
Atl Knox ft Cine Div 4s
118
105%
102%
—
Gen
■
102%
3
103
A- O
94 y8
136%
132
118 ZS 118
,
General 5%s series B
General 5s series C
103
102% 102%
27/8s
M
83%
*132
.2003
ref M 3%s series F
ref
Bt Louis Div 2d gold
116
—
lst ft
61
88%
•87
AO
.1965
1st &
57
AO
52
62%
62
62
fcR-r
Louisville ft Nashville
64
***•
Goodrich (B F) Co. 1st mtge 2%s_1965
Grays Point Term 1st gtd 5s
1947
Great Northern Ry Co—
89
58
—
—
deposit
,——1963.
Louisville Gas ft Elec 3%s_.
-Oct 11948
Certificates of deposit
{8AGa Caro ft Nor 1st ext 6s
Certificates
tow
1951..
debentures
3s
82%
27
1969
,
56
Lex ft Eastern
•.
,
72
108%
108%
—;„'
•104% 105
Koppers Co 1st mtge 3s
117%
100% 100%
J-J
1953
1071
G
ser
—
65%
•105'% 109
—1961
Kings County El L ft P 6s
105Va
.
124 7/a
104
87
100%
—'
70%
1961
-
——
102%
105
103
104% 104%
•102
——1961
——
Plain
105%
1974
2%s
Kentucky ft Ind Term 4%S—
mrntm
A-O
1990
,
H
mtge
Certificates of
85%
83'A
107'A
76%
81
106% 106%
Lehigh Valley N Y 4%s ext-.
Lehigh Valley RR—
4s stamped modified.
Div
108%
77%
1067/a
120'A
—
•—
•__
J-J
1964
F
2015
E
cons
1st
107%
80%
79%
—1987
Kansas City Terminal Ry
5s
1st
Ohio
102%
104 %
105'A
98
•109%
ACertificates of deposit.
Kansas city Southern Ry 1st 3s—1950
1st mtge 4s ser A
1975
Erie Railroad Co—
GeL
103 Va
54
41
23
106 7/a
41%
106
1963
lai os
stamned
104%
*104%
104% 104%
S A Refunding
Lake Sh ft Mich Sou gold 3%S——1997
3%s registered
-—-1997.
5s
104%
100%
—
.:
gtd gold 48—1990
Fcftt Scott & Mem Ry—
'
gtd 4s
;
_1936
Kansas City
75
120 %
105%
•106% 107%
Range ity liyas
«ADU Sou Shore ft Atl gold 5s
Duquesne Light 1st M 3VaS
*u Faso
105
.
100/101
100%
—1976
Jersey Central Pow & Lt 2%s
ft Laughlin Steel 3 y4fl
Jones
110%
70'A
70y4
1995
1961
Miss & Iron
r
106%
108
4s 1995
-
8%
so
12
106% 107
106%
Gen ft ret mtge 3%s series G—1968
& ret 3s series H
1970
Detroit & Mackinac 1st lien gold
ASecond gold 4s
a
79%
109% 110
1965
Gen
Dui
100
M
102% 103%
102 Yz
Kanawha ft Mich 1st
;
63%
*
ARef & impt 5s series B
Detroit
J-J
103'/a
101
101% 101%
•103%
101%
93%
'
110%
109
—
74
—1955
.
AAssented
'•
70
100% 101%
a-o
73%
64%
76
L
f 5s
s
73'/4
32
69%
67%
56'/a
2
17
{Denver & Rio Grande Western RR—
AGeneral
73 Vi
73%
j-j
34%
72%
.
107%
RR—
r
,y
' 103#
gold 41936
SAConsoi
;
66%
65%
May 1 2042
ft Rio
{Denver
34
A-O
j-j
series B—
80
106%
99%
'
56%
56%
—1993
107%
75
80
9-j
July 1952.
_1958
James
101
101
96'A
106
165%
105 »/2 105%
106%
105%
•101% 103 '/2
division
Coll tr 4-6s
Oelaware
'
Co—
N Y, Lack & Western div
^
-/
1st <& ret M 5s set -C-^iii,L.1972t
102
;
107%
104
104
100%
96
92%
103
—
•104'A 104%
Delaware & Hudson 4s extended—1963
Delaware,
103
25
104% 104%
•103%
—Z '
104'A
High
Low
99% 106%
qo
j-j
Int Telep ft Teleg deb gold 4%s—1952
1975
Range Since
January 1
Bonds
Sold
{International Great Northern RR—
86
48%
lnc Rys Cent Amer 1st 5s B
Dayton Pr & Lt 1st mtge 2%s
Dayton Union Ry 3y4S series a
,
No.
High
qo
J-J
—1050
56%
■
;
102% 103%
97%
98'%
J-D
Internat
A7%s
Friday's
Bid & Asked
J-D
-
46
.5
5
44
—1963
A
series
80%
9
23
s
1st ref 5s
1st ref mtge 4s ser D-^—.-—1963
Illinois Terminal Ry 4s ser A..
.-1970
106
102%
$: 2
45
J-D
75
102%
»
or
4
IU Cent and Chic St L ft N
108%
6
68
82%
41%
J-D
—
Joint
'!•
v
»
50
47
J-J
>
'
Last
Low
76
76,
104%
;
Week's Range
Friday
8ale Price
High
55%
—
22
103% 103%
50
Exobanfo
55
104'A 104%:
103%
Stock
interest
Period
York
55
106% 106%
«.=•• •»••'
-——
ACuba RR 1st 5s gold—————1952
Low
No.
60
/
M-S
v
BONDS
New
January 1
57
j-j
2%s__1975
1965
mtge
AUGUST 16
Range Since
-
•—5lW->'
'
ADebenture 43-—...—..--——1958
Consumers
ENDING
.
Sold
-
WE"3K
Z
Week's Range,'.
/
•
'
if
/'4
*
f
'
,')!' >! '
.
>'
-
V
J
J'*'
1940.
,ii
?*''
*>
28%
102
10a
105
108
107
97
,J''
Minn St Paulv ft Sault Ste Marie—
v
101% 101%
106%
1st mtge 4V2S lnc ser A——Jan 1971
j-j
101%
AGen
j-j
67 %
67'A
68
42
66
1990
J-D
94
94
94%
77
93% 101
1962
j-j
93%
93%
95
22
j-j i
84'A
84%
84%
17 /
84
86'A
87%
26
86%
101'/a
31
99
mtge 4s inc ser A
Hackensack Water 1st mtge 2%s—1976
MocKing valley Ky 1st.-.4—
{{AHousatonic Ry cons gold 5s
1937
Household Finance Corp 2%s
Hudson Coal 1st a f 5s series A
—1970
1962
Hudson Co Gas 1st gold 5s_——1949
Hudson ft Manhattan 1st 6s A
1957
</;
AAdJ
Fob 1957
income
102%
M-S
''
J-J r?.*
'
-
146
102%
J-J
J-D
v
88
A-O
t
10
34
Missouri-Kansas-Texas RR—
150
Prior lien
104%
40-year 4s series B
100%
104%
Prior lien
94
80
111%
66
129
74
34%
104
140y8
85
—
72%
102%
100%
89%
88
73%
F-A
5
—
102Va 102%
•111%
M-N
—
146
•102%
M-N
36
f
172
Jan 1991
1st 4s
Mo Kansas ft Texas
7
*
30
A Cum
5s series A
——1962
4%s series D-———-1978*
adjust 5s series A—Jan 1967
j-j
A-O
100
100.
i
93
-
45
{Missouri Pacific RR Co—
A 1st
F-A
& ref 5s series A.
AGeneral
ft ref
ft
56 series F
ref
Af-Sh
44'/a
45%
229
-1977
M-S
92%
93%
163
-1978
M-N
92%
93'/a
49
33%
257
.-1975
4s-
A 1st
A 1st
5s
series
93
—
G_:
96Vi
•
114%
'■>
*"•
;
z"
•
;.
41%
90%
//,1st
1st
1st
gold
•103
A-O
•103
1951
gold 4s
A-O
64% Z
103
-
:
Collateral trust gold 4S-—953
~
M-N
Refunding 5s———————1955
40*year :4%s—
Cairo Bridge gold 4s
_1950
1st gold 3s
Louisville Div & Term gold
Omaha
Div
1st
103%
104'/a
A-O
92%
93
14
30
46%
90% 103
F-Ar
92%
93i/a
94
90%
Moh'k ft Malone 1st gtd gold 4s. —1991
1966
Monongahela Ry 3 Vis series B-.
u-a
88%
89
F-A
•105%
ref
Montreal
—
Tramways
5s
ext——
1951
—1958
J-D
108
104 3/a
102%
107
104
102
106
Constr
M
5s
—1955
M-N
104%
Cnristr
M
4V2b series B-—.2— —1955
M-N
104
J-J
98'A
98'/a
98
97
105 3/a
94'A
94
.
•106%
J-D
94%
108%
91%
107% 107%
F-A
973/8
Morris
ft
Essex
1st
gtd 3%S
series
A
—
Mountain States Tel & >Te 1 2%s- —1986
Mutual
Fuel Gas
1st gtd 6s.
1047
*—
J-J
F-A
gold 3s
1951
•—
100%
1951
J-J
101'A
101
102 3A
102
102
102
106%
J-J
•90
1st mtge 3s ser B——1986
National Dairy Products 2%s debs_1970
footnotes see page 977.
x
"
71%
,
#
M-N
94
Z
106%
106
"5
103
102%
103%
103
3
70
55
66
74%
80
15
77
73
32
71
89
83%
101% 101%
M-S
Nashville Chattanooga' & St Louis—
J-J
1951
1951
F-A
/■'
Z
9934
5
100% 102 Vi
107
103
105%
'^/,105%;
#>*15 ****
71%-
''".-I
•u- '5/105 ?■:
Springfield Div 1st gold 3%s
Western Lines 1st gold 4s
jbr? r
'79
87%
106
;
w
J-J
Gold 3 %s——1951
For
69/
69
6
102%
103
__1951
£%s_l953
St. Louis Div ft Term gold 3s
.
103
M-N
.—2000
Morrell ( John) & Co 3s debs.
102%
104
i
102'/2 102%
j-j
102% 102 3/4
;
.
-
102%
M-N
Lltohfield Div
-
—
30
gold 5s series H
1980
A 1st ft ref -5s- series L-———---1981
ft
109
104%
M-N
A 1st
104
-
M -N
.
108%
105%
105
•68
MS
1952
-
Refunding 4a
—1955
Purchased lines 3%s—————1952
-
'104%
104'/2
•107%
J-J
1951
3%s
gold 3s sterling
Collateral trust
.
J- Jc
3%s
Extended
106'A
1951
fold 4s-w—— „
1st gold
106
j-j
6
106%
National
104%
105%
{ANaugatuck RR 1st gold 4s
Steel
1st
mtge
3s
1965
1954
103% 103%
F-A
J-D
A-O
M-N
103%
103
103%
103'A 103%
102%
105%
105% 105%
103%
106%
107%
110
'106
/
90% 103
AConV gold 6%s—2-—-—L-i-—1949"
Illinois Bell Telep 2%s series A—1981
Illinois Central. RR— r
,
98%/
-
91% 102%
5
94
191%
-
•
1133/s
803A
84
THE COMMERCIAL & FINANCIAL CHRONICLE
■Monday; August 19,1946
NEW YORK BOND RECORD
RANGE
FOR
~
WEEK ENDING AUGUST 1G
•'
i Friday
Interest
LaBt
Week's Range
or Friday's
Period
Sale Price
Bid & Asked
bonds
New
York
Stock
Exchange
/
Newark Consol Gas
cons 5s—.
tlANew England RR gtd 5s
jr.n
1948
1245
New Ei^lanu lei <* Tel 5s A
1st gtd 4%s series B
1986
New Jersey
RR gtd
P & L 1st mtge 3s
108 %
103 %
110
125%
*-
118
j-7
1953
*109
MS
1983
j3:
New Orleans Term 1st gtd is——1953
107%
Phlla
107 Va
108%
107%
111%
v
1st
,
108
*i07%.:-^;
■
S ANon-cum
lnc
5s
A
5s
series
5s
series
-.
A
C
of
series
deposit
1956
.
3%s- registered
1997
Lake Shore coll gold
3%s
3%s registered
Mich Cent coll gold 3%s
3%s registered
1st mtge 3s
Dock
1st
—1998
'
95%
109%
ser
;
99%
.i
91
92
99%
90%
97 Va
*84%
97%
.J
__
*80%
—
—
83%
99V«
—
98% 100%
105
t
102% 103
1027/a
104%
,
105% 105%
105%
107
-
102%
105%
1948
109% 109 %
107%
3000
109%
111%
?
107% 107%
(■}
1949
107%
109
;
*100
118%
115% 115 V»
115
119%
113
3043
,...,2043
Debenture certificates 3%s—__
1956
6s
88%
a
-
1940
1957
Han
Y
1st
West
Ac
gold
5s
Niagara Palls Power 3%s
Norfolk 8outhern
Ry Co—
let
1946
1960
j
•i\
'*
*
A-—...—1974
\
\
V,.
4)
,
i'"-
V-
j' • ?•' 4s registered
Gen lien
3s
;
Jan 2047v
registered
Coll
1
».
trust
2047
Northern States Power Co—
(Minn) 1st mtge 2%s.,
1st mtge 2%s
(Wise)
1st
1975
lOgdensburg Ac Lake Champlaln Ry—
A 1st guaranteed 4s
1948
Ohio Edison 1st
mtge 3s
1974
1st mtge. 2%s
1975
Oklahoma Gas Ac Electric
2%s
Oregon-Washington
RR 3s
1975
aer
A—1960
108
28
104%
107
—
104%
107
2
17 Va
26
u-?'
.,;
47
17 Va
21
■
103% 104%
*105%
—
103%
,|
1
i
105%
105% 106%
.
*120
121
120V«
127%
134%
126%
|•
\\
123
135
*127Va
'
Series
J
t%s—1964
.mm
guaranteed
cons
Gen mtge 3%s ser E
m
—
•132
—
H
if
h
132% 132 %
132%
138% ?l
135% 136
1979
134%
142
109
;,?■
<|
1975
106% 106%
105y4
3%S.1964
103% 104%
103% 1Q4%
j
100% 105
f
,
r,
Pittsb
Coke & Chem 1st mtge
Pitts A W Va
1st 4%s series A
104% 105
.
'"105%
1950
1950
*106
1958
5s series C—...
t
«8t 4%s series D
*Plttston Co 5% ino deb....-
102
Potomac
El Pwr
•118
101
1st M 3%s——1966
1st mortgage 3%a
IA Providence Securities 4s.
:
,127,
I
i'SWfcf
101
*105%
__19S7
1956
Public Service El & Gai 3%s
3s
1st k ref mtge 5s
1st k ref mtge 8a
427
A,
1
{
.........1977
fAProvidence Terminal 4s
1st Ac ret mtge
—
*127";
,—1994
—
102%
103% 103%
*127 '
.fj
102% 105%
98'/a 103 Va
v
98% 102%
98% 102%
103 % 105 Va
102 Ve 102 Va
.1974
1977
gen
?,1O4-,V'.1O0'
102% 102%
1st mtge 4%s series O
1960
Pitts Young & Ash 1st 4s ser A—1948
1st gen 58 series B
......—1962
1st
105%
s
1959
1st mtge 4%s series B
.1968
——1973
2037
*109% 110
*109
109%
163% 163%
—2037
*245
96
103%
97%
"
57
57%
Reading Co 1st Ac ref 3%s
53
66%
Revere Copper A Brass 3%s
ser
D—1995
46
—
23
105%
Gas
A
8
103% 103%
If AR I Ark A Louis 1st 4%s
lARut-Canadlan 4s stpd
85%
IIARutland RR 4%s stamped
84%
71
"I
1969
1949
1941
3
14
20%
4
16
24
34 Va
JVJ
1
74
54%
*128
55 '
136%
21
13
—
3>*130%
109%
108
I
96
*94%
—
*102%
'•
•
*
-
114%,115%
'116
85%
*81%
,
86%
135% 143
138% 143%
60
54%
55%
59%
41%
41 '
33
42
113
127%
100
ffi ''84%
^
10
105
107
94%
r
.
—
104 Va 104%
5
172
*103
112
•
103% 103%
21
107% 107%
1
94
94
80%
82
85
87
53%
103% 106%
102y»
-:l; 42%
85
'112
107%
59%
f 45%
82
—
108% 109
63%
.
110% .110% 110Va
90%
110
82
29
-
■
60%
59%
53%
55
:.:L. V-Ml'1%- 122%
84
106 Va 107%
108
109
56
133%
—
JA"- \ /■" ■
100 Vi 103%
52 Vs
71
131%
—
*111
..
*94%
—,
102% 103
•
103%
56
105% 105%
.
y*
104 Va
108%
109%
57
•100%
108% 108 %
108%
85
108%
108%
1934
97 Va
32
«
106%
125% I
1967
1967
105%
115%
88
125%
1977
247/a
97%
—
72
};
56%
*__
—
104%
115%
*104% 105%
105 Va 105%
*40
32
105%
102%
107
Elec Corp—
mtge 4%s series D
Gen mtge 3%s series H
Gen mtge 3%s series I——
Gen mtge 3%s series J
7%
84%
—
Gen
63%
lOOVa
53
i960
22
1974)
mtge 3 %s——1964
.
117% 122%
*107%
—2047
1975
108%
121
$
2047
4%s
t
105%
104 %
*119
Rochester
2047
Ref A impt 4%s
series A
Ref- A lmpt 5s
6eries C
Ref A impt 5s
series D
4
8
105%
104%
V
j
135
.17%, 17%
..V
.20
.
J
142%
*105 : 105%
...
—
1940
1953
86%
—1997,
A Id gold 3s
ry
105
104% 105%
..1957
35
.{-,'yr
Northern Pacific Ry
prior lien 4s—1997
;
105 %
V".
j
131
:
High
137
10
108
108%"
*105% 107
—
(j
January 1
K
mtge
4%s series
A——1098
,• >1
A Gen mtge 5s conv
inc
2014
Norfolk A Western
Ry 1st gold 4S.1996
f- North Central gen A ret
So
1974
Gen A ref 4%s
series
108%:
Range Since
Low
141%
&
*135
—•
1967
32%
61%
1943
1st 4%s
2%s
86%
loan,
Bost
2%s
62%
86%
33%
I1AN Y Susq & W 1st ref
5S—1937
IA2d gold 4%s
1937
gold s*
ref
1977
1961
1971
Sold
No.
104% 104%
HARio Grande West 1st gold 4S..1939
A 1st cons A coll trust 4s
A—...1949
103%
§ A Terminal
55
65
V7%
V A General
ref M
Ac
56
....1956
N Y Queens El Lt A
Pow 3%s
1965
N Y Steam
Corp 1st 3 % s..—.1963
I
,
Ac
1st
55 Va
mtge 2%s_1975
1993
Electric
104%
1980
1974
B
53
—
22%
gtd 4s
series
Bonds
Bid & Asked
Low
High
54
53
1st.. 48—.w.
——.-—1954
IAN Y Ont Ac West ret
4s.—June 1992
cons
Last
Sale Price
Quaker Oats 2%s deb.
52%
1948
A 1st A ref 4%s
series of 1927
1967
t AHariem River
Ac Port Chester—
N Y Power Ac
Light 1st
N Y A Putnam 1st
1
I
102%
*
IA Collateral trust 6s
A Debenture 4s
.
106
104
f
s
-
General 4s___.
93%
82%
99%
?
■
<•
A
%
106%
1965
B—-.—1973•
i
;
-
101%
IN Y New Haven Ac Hartford
RR—
l : A Non-con v
deb 4s
1947
ANon-conv deb 3
%a.—.......1947
ANon-conv deb 3
%s.——1954
ANon-conv deb
4s——...1955
ANon-conv deb 4s
....1956
deb
97%
83
N Y Lack A West 4s series
A—.1973
4%s series
AConv
95
102% 103
104% 104%
..I960
Purchase money gold
4s—...
N Y A Harlem gold 3%s
Mtge 4s series A
A
100
.
5s
"■:Klst mtge 4%» series B—i
104%::
—1951
Week's Range
or Friday's
Interest
Exchange
>
*100% 104%
■
Stock
Pitts Steel 1st mtge 4%s
109Va
87
-
York
Pittsburgh Consolidation Coal—
3%s debentures
—1965
114%
88r
*87%
•
«
Series H cons guaranteed 4a
1960
Series I cons 4%s
....1963
:
98%
102%
100
*88-
■•.w"v
B—1975
.—
87%
100
100%
!: 97%- 97%.
"
1980
gold 4s
Mtge 4a series B
96% 107Vs
88%
98%
1
Gen mtge 5s series *
Gen mtge 5s series B
108%
...
■
—.—1998
V-
.
i
104
87%
91%
100 V*
1t
,
1998
N Y Edison 3%s series D
1st lien A ref 3V»s series E
N Y Gas El Lt H A Pow
geld ffs
/;
106
95%
98%
^
F__—.1986
Connecting RR 2%s
Y
N
ser
94%
89%
..
*104
,
i
i
Series G 4s guaranteed.
108%
87%
—1998
—
New York Chicago k 8t
Louis—
Kef mtge 3%s ser E—
N Y
108
|
108
108
ACertiflcates of deposit-;
;;
94%
*101%
..
A..——2013
;
106
*102
..
D
Ref k lmot 5s series C—
2013
N Y Cent k Hud River
3%8—.—1997
.
96
94%
1956
N Y Centra! RR 4s series
A—..—1998
Ref & lmpt 4%s Berles
'
90
109
.
A 1st
^
84%
92 Va
104% 104%
deposit
'
-
Pittsburgh Cine Chi A St Louia—
Series E 3%s gtd gold
Serbs F 4s guaranteed gold
?
89
101% 102%
...
104
,
ACertiflcates of deposit—...—
5%s series A
1994
..
89
103% 104
..
7
»
—
92%
83
1931
1954
of
ACerttficates
A 1st 4%s
deposit
B
Certificates
A 1st
series
of
^Certificates
A 1st
■
1st and ref 2%s
1974
IfAFhilippiae fty 1st a S 4s______i»37
A Certificates of
deposit..
Phillips Petroleum 2%a debs ....■■..■.1964
|NeW Orleans Tejas & Mexico Ry—
•'v.
\
gold 4%s series C
Philadelphia Co coll tr 4%s
110
*109 y« 110
W
■
v
General
-i>i 118
105%
i-
.
105% 105%
—•
j+ji;;
.
General
127%
1974
,♦
Pere Marquette Ry 3%s ser D
Fhila Bait Ac Wash 1st gold 4s—
114%
125% 125%.
N O & N E
^
Period
105 Va
96 Va
110% 111%
~
/,
New
110%
98 Va
98% 99%
^i:98^v
110%
?.A
_
v
-
High
125%
New Orleans Great Nor 5s A
1st ref k imp 4%s
Low
M-H- •%
„
■
Range Since
January!
J-D '/
1981
1st 4s
Sold
No.
High
i,
Friday
Bonds
*108Va
,
—
J-J
,
19M
N J Junction
:
jjf
1945
5 A Consol gtd 4s
Low
•
—
105%
102% 106%
108%
;
108%
64
'106% 106%
129% 129%
53
s
106 Va
?:
*112
109 Vs
,
106% 107%
102 Va 102%
*101% 102%
106
106%
Pacific Gas Ac Electric Co—
1st A ref mtge 3%s
series I
1st A ref mtge 3s
series J
1st A ref M 38 series
K
1st
Ac
ref
M
3s
series
1st Ac ret M 3s series
1st Ac ref mtge 3s ser
Pacific Tel & Tel 2%s
1965
...1970
1971
L
1974
M—...1979
N
—..1977
debs
Paducah A 111 1st s f
gold 4%s
Paterson A Passaic G A E
1985
*1087/8
108
—
108 Vs
*107% 109
106%
109%
107 Va
110%
108 Va 108%
107 Va
110%
109% 109 %
108% 108 %
107 %
111%
104% 105
104%
107%
107
107
109%
111
107
111
cons
Ss.1949
*107
*108%
—
inc debs
conv
Pennsylvania
1960
107% 125%
Co—
Gtd 4s series E trust ctfs
1952
111% 113%
102% 104%
Pennsylvania Glass Sand 3%s
1960
Pennsylvania Power Ac Light Co.—
1st mtge
3s
f
s
3s
:
gold
104% 104%
4s—l.—1948
104% .107
104V4 104V4
104%
106%
126% 126%
126
131%
1965
4s
122% 123%
122%
128%
1968
ext
page
110%
107
95%
95%
91%
95Ve
95%
131%, 131%
108% 109
119% 119%
123% 123%
107%
*106
105 7/a 106
1057/B
111%
52
105% 106%
104%
107 %
106
103% 103%
103%
106%
977.
1974
■
81
94
»/4 105
106%
99 Va
■{
116
123%
120% 128
103
*107% 108
135%
135 Va
82
97
107 Va
139%
124
81%
95
130% ,145
104% '109
j
135%
109 Va
124
104
:
94% 102%
89%
93%
126%
130%
124
1
>
108%
130
*128
123%
Apr 1990
see
106%
105
1311/4 131%
123% 124'/a
1960
4s
footnotes
102
104%
1952
Peoria A Pekin Union Ry 5%s
For
104
105% 106%
109% 109%
1984
—..1981
Gen mtge 3%s ser P
1985
Peoples Gas L & C ref 5s.———1947
Eastern
lt)3% 105%
104% 104%
mtge 4%s series E
Conv deb 3%s
A
107%
1960
—
Gen
A Income
104%
May 11948
•
Peoria
106%
1
General 4%s series D
*
106
1965
debentures
4s sterl stpd dollar
Cons sinking fund 4%s
General 4%s series A,
General 5s series B
112%
104
.108 ,
108% 114%
91
1975
Pennsylvania RR— \
Consol
109
108% 108%
106% 106%
Pennsylvania-Central Airlines—
3%s
110
110%
104% 104%
106% 106%
1955
52
106%
99%
105
107%
67 Va
104% 107%
99
.99%
105
107%
104 Va 106%
104*
106
51
1
ilililiil
THE COMMERCIAL &
Number
y olume 164
FINANCIAL" CHRONICLE
NEW YORK BOND RECORD
RANGE
Interest
Last
Period
Exchange
Stock
Week's Range
or Friday's
Bid & Asked
Friday '
■yBONDS-y£My|
York
New
Sale Price
Low
FOB WEEK ENDING
-
Low
129%
105% 106
109
102 Va
105%
High
No,
106 Va 106%
101% 104%
1st
100% 100%
Texas & Pacific 1st gold 5s
Gen As ref M 37/as ser E
1041/4
1985
99 Va
138
138
138
2000
Third Ave Ry 1st ref 4s
A Ad J income 5s
Jan 1960
Tol ft Ohio Cent ref ft lmpt 3%s__1960
♦105%
Trenton Gas ft Elec 1st
*109%
1st
&
M
coll
tr
2%s
103% 103%
'
Biscuit
2%s
debs—.
Maryland
Western
Union
101% 103
109% 112%
104
34
103
107
34
'■
v
104%
104%
107'/a
97%
98%
1976
100% 100%
Universal Pictures
1959
103% 103%
99%
103%
101%
102% 104%
97 Va
103 %
99%
...
.
Cons
1st
5s
cons
Wisconsin Electric Power.2%8—1976
...
,
1995
....
v
STOCKS
Friday:
,.
-
Curb Exchange
New York
•
/ Week's
Last
,
Range
Sale Price y
of prices
Low
High
ACP-Brlll
7%
16
.
.
Shares
STOCKS
;/
New York Curb Exchange
Range Since January 1
7%
17%
2,000
V'uo
Acme
A
warrant*
Motors
Aluminum Alloys
-1
ou common—.——...lb
Acme
„
Sales :
for Week
P CO.—
D
Aero Supply
AI'joWuj
Mfg class B
Mfg common—...
(N J)..
»u
1
-»
-—
Air1 Associates Inc
Air Investors
——1
—-9
common
Convertible preferred—
—10
JJreon Mfg Corp..—..........,■ ,.m——SOc
convertible
60c
preferred
10
'Air-Way Electric Appliance:
3
Alabama
Great Southern—....—60
Alabama
Power 4.20%
pfd
Alaska
Airlines
AUes
100
Fisher common
&
Inc
1
1
Allied
Int'l Investing $3
Allied
Products
(Mich)
Bros Co
Altorfer
pfd——•
conv
5
common
•
common—
Aluminum Co common
6%
;
•
preferred
Aluminum
85%
—100
Goods
Mfg
115
——•
Aluminum Industries common
•
6%
*/•'
••
Ltd
common
preferred
V1
r'
*
■
22%
22
•
Aluminium
86
115%
22%
22
192% 207%
100
-
,
^
•,
v
.•
1
•
\.;
-...
7%
American Beverage common.—.——1
Book
American
Cities
American
.uight—
Barium
Steel
Barlow
$1.20
ft Seelig Mfg—
convertible A common
Class B...
American
Cyanamld Co
American
&
American
Fork
American
Gas
ft
ft
Hoe
Bauman
General
Corp
Beck
100
(A
1
—-—1
Inc
Co
1
common—
1
2.50
Aircraft
Bell Tel of
)
1
1
Corp
Shoe
S)
Bellanca
common—10c
convertible preferred
$2.50 convertible preferred—
$2
&
Beaunit Mills Inc
—10
.
(L)
Brummell Ties new com
Beau
•
common
Electric
Corp
Basic Refractories
10
common
Foreign Power warrants-
preferred
American
——1
28
A—
"'
4% %
shares
——28
class
A......
—1
common—
los- Andes-
Banco de
——1
ft
Rubber Co
Baldwin
——100
Mfg
Power
.
.——30
preferred—
——.1
Convertible
Class
Co
Central
American
American
•
Babcock ft Wilcox Co
Baldwin Locomotive—
■
common
Canada
100
•
.
Benson
ft
Hedges common
Convertible preferred...—
American Hard Rubber Co
Berkey & Gay Furniture.
28
American
Blckfords Inc common
American
Birdsboro Steel Fdy ft Mach Co
6%
Laundry Mach
20
Light ft Trac common
28
preferred
...25
American
Mfg
American
Maracalbo- Co
Co
25
American Potash
American
$3
Republics
*
Blumeathal
•
Seal-Kap
Bohack
7%
10
Superpower Corp
series preferred
American Thread 5%
American
Anchor
Writing
Post
preferred
Paper
common
For
footnotes
see
Inc
8
•
Brewster
Brillo
page
Mfg
Class
—
£ l
1
——•
pfd—100
981.
Aeronautical
Bridgeport Gae Light Co.
Bridgeport Oil Co
Angerman Co Inc common—.——1
Anglo-Iranian Oil Co Ltd—
Am dep rets ord reg!—
Angostura-Wuppexman
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
*
-*
*
British
5%
41%
5%
53
115% 115%
British
Am
Am
*
*
Corp common..————.——!
Breeze
2
—
Co common
1st preferred—.—...—•....100
•
Products
(8) ft Co——'..,
(H C)
Brazilian Traction Lgt ft Pwr
com——lOo
$6
*
Borne Scrymser Co..—————.—28
2
common
1
com—*
—
Ridge Corp common
1
optional convertible preferred—*
Bourjois
Amer
common
$3 opt conv pfd called
—
class A—
& Chem
Class B
American
Blue
1
common
American Meter Co
>■
Blauner's
Co
common
A
-
American Oil
American
Co
dep
rets
1
*
e
*
*
-*
Tobacco—
dep rects ord bearer
ord
reg
.
*102% 102%
109
1971
—1958
—
scr B——...
•
tl
01
109
103 3A
94 Va
91
'81
107%
,
82%" 83 "
81% 81%
35
v 35;
37%
—*34 ''— •
1st Ac ref mtge 2%s ser EL
1975
Va Iron Coal ft Coke 1st gold 5s—1949
Va ft Southwest 1st gtd 5s
2003
Virginian Ry 3s
w
81'/a
eons g 4i series A—19BB
f 4s series B—. ^
1957
s
%
'82 %
Vandalia RR
Virginia Electric & Power Co—1;
83
86%
105% 105%
*120
y.. ;y
..y
...
1930
Wisconsin Public Service 3 Vis
83
*99 % 100%
—f '"107 yi,o7
deposit
of
•
—
85%
81%
*107%
v—
1949
IASu ft Du div ft term 1st 4s
A Certificates of deposit
—
95%
101 Va
•102
86 !
109
108
108 Vi
95%
J 103% 105%
82%
1958
I960
$§AWisconsin Central 1st 4s,
ACertiiicates
103%
H6Vi
67
104% 105%
101% 103%
101%
2361
2361
...1949
1992
1970
Wheeling Steel 3% series C
Wilson & Co 1st mortgage 38
Winston-Salem 8 B 1st 4s
102% 105%
104
•103% 104
1966
1951
104
106% 107%
104%
107 Vi
109
106Vi 111
108% 109
106%.
1950
1951
1960
Westinghouse El & Mfg 2 Vis
West Shore 1st 4s guaranteed
Registered
Wheeling ft Lake Erie RR 4s
Gen & ref M 2Vis series
105 Va
106
108% 108 V»
•
Vi
104 Vi
102% 104
114% 117 Vi
*105% 106%
'
..
HO Va
59% V 68
102%
114% 114%
—.
Co—
Funding A: real estate 4Vis
25-year gold 5s
30-year 5s
,
99
107'A
106
.-,106% 106%
'
62% 62%
/ *101%
..
62%
—
.1952
2014
1st 4s
inc ser A
Telegraph
102
105
2000
1948
Pacific 4Vis
Western
102%
.105
U S Rubber 2%s debs
3%s debs
Western
110 ;■*;
105
Ref mtge 2%s series C———1991
United
82%
y 105%
51%
110
102& 10253
1976
,
347/a
•103% 104
—1947
debentures
104%
*—
—1945
1967
2 Vis debentures ju———-1970
Union Paciiic RR—
v
88% 104
103
vi
104
Union Oil of Calif 3s debs
27/aS
75%
•110% 112%
1975
1st ft land grant 4s
•
102% 103
»AUnlon Elev Ry (Chic) 5s!
y
71
v
Union Electric Co of Mo 3%$—-1971
'
102% 105%
—
102%
101
gold 5s
1940
Tri-Contlnental Corp 27/sS debs—1961
High
91
Washington Central Ry 1st 4s„_
Washington Terminal 2%s ser A—1970
Westchester Ltg 5s stpd gtd..
1950
Gen mtge -3%s
...1967
West Penn Power 3Vis series I
1966
102% 106
104% 105
•105%
I960
January 1
1027/» 106 Vi
1970
(subordinated)
Warren RR 1st ref gtd gold 3 Vis
101 ■
152 V4
Texas Pacific-Missouri—
Pac Tenn RR of New Orl 3%S—1974
Range Since
Low
High
92 Vi
mtge 4s inc ser A
Jan 1981
AGen mtge inc 4%s ser B—Jan 1991
1st mtge 3 Vis ser B
1971
Walworth Co conv debentures 3%s_1976
Ward Baking Co 6 Vis debs
/
,
—1970
ref M 3%s ser' C——1990
&
Low
•
A Gen
105 Vs 108
104
Orleans RR—
.
yy,
1st Af tef M 3%8 ser B—
New
or Friday's
Bid & Asked
' Last '
Sale Price
Wabash RR Co—
Ref & imp M 48 ser C
.,,.2019
Ref & Imp 2%8 series D
1983
Texas Corp 3s deb
—1959
»
3s debentures
.———.1965
r
Texas As
Week's Ranee
Friday
^
<
137%
105%
Period
High
131% 131%
h
Interest
Exchange
Stock
York
New
Range Since
January 1
V
\
BONDS,
Bonds
Sold
Terminal RR Assn of St Louie—*
/
AUGUST 16
99Vi
109%
104
105% 108
103
106
117% 123
35
'
36%
;
90
78 Vs
843/4
r
87%
56
51
THE COMMERCIAL
& FINANCIAL CHRONICLE
Monday, August 19, 1946
NEW YORK CURB EXCHANGE
FOR WEEK ENDING AUGUST
RANGE
8IOCKS
Friday
Last
New York Curb Exchange
Week's
Bangs
•
Sale Fries
Celanese
Rahgft Since January 1
High
Low
25%
common
9J/a
8%
&
■_
..
Sullivan.....
13
-
,
2.50
Burma Corp Am dep rets
Burry Biscuit Corp
Butler (P H) common
Mar
25c
Jun
8
12%a
102%
July
7% Mar
Stores
Distillers
Am
Feb
2,100
34
45
300
4%
200
15%
16
50o
12%
12%
13%
3,000
22%
22%
22%
100
21%
1
-
dep rets. ord
22 %
22%
22%
300
18%
16
16
100
;
;
1
Domestic Industries class A com
r July
15% Jan
13
15%
com.
T!nrp eotrtwinn
Dobeckmun Co common
30
4
1,400
12%
„
'
Ltd—
Divno
May
23%
300
37
4%
f*
Corp new
Co
High
35%
12%
Devoe & Raynolds Class B.
Diana
Shares
4%
——
Jan
50
2
Products
37
common.—
Jun
14% Jun
18% Mar
Steel
Co
33
Jan
16 'A Mar
Stove
—1
...
17
76% May
Mar
41
Ltd
Buckeye Pipe Line
Hill
Jan
27 % July
Jan
100
Jan
44
Mich
Detroit
May
4% Jan
Low
Gray Iron Foundry
Detroit
31
3% Mar
Brown Rubber Co common...
Bruce (E L) Co common
—
Mills
Jan
feftRketj ft Mfg
Detroit
7% Jan
Sales
for Week
of Prices
Par
Detroit
5%. July
Class A preferred
Brown Forman Distillers
$5 prior preferred
Bunker
|
|
v
Week's
Last '' '
Sale Price
Ltd—
-
Bruck Silk
High
.
Range
Friday
New Fork Curb Exchange
Shares
rets ord reg
British Columbia Power class
Brown Pence & Wire
'
"
STOCKS
Amer dep
Class B
U
Sales
for Week
of Prices
low
British
.
26%
Jun
Dominion Bridge Co Ltd
Dominion Steel ft Coal B
'4
Feb
Dominion
Tar
12 J/4
Jan
Dominion
1
Textile Co Ltd—
Chem
ft
4%
' 5 %
4,100
17%
17%
1,600
22%
22%
•
21
Co
Ltd
•
•
19% May
Draper
Corp
Driver Harris Co.
Duke Power Co.
Cable Electric Products
common
Voting trust certificates..
Cables
in
&
Wireless—
^®e;icaH deP rets 5 %
; : :
Pfd
Canada
Tn
Corp..
I"
Insurance
Bread Co, Ltd—I"
Class
A
niA..
i.f-4 v-i (T
£i%
7%
"""I
•
I,-'
21%
19%
19%
^
|
20
15% Feb
13% May
100
"2%
36%
33
33
9
Jan
Feb
~
of
100
A....—
~
21
21
Suburban
Coal
——IIIII
Z11
Plow
II
16%
'
35%
,
14% Mar
13
13
200
11
5%
to
"5%
-
3%
800
24%
25%
150
26
26
•
,
"
6>«U
,
14%
Machine Co
Curtis
14%
1,900
29
900
100
11%
11%
1,350
1%
19%
107%
.
"
l
\ 4%
50
receipts (ord
'44
;
reg)—£1
5%
107
..
4%
44
1%
20
4,200
2,400
5%
300
107%
30
13%
3%
3%
10,500
42
Apr
' Apr
9% Jan
71% Jan
22
Jan
3% July
34
Jan
9% Jan
25% Jan
26
Mar
28% Jun
26
Franklin
•
Fuller
i
Dayton
Rubber
Dejay Stores
Dennison
f
Mfg
13%
class A
conv
common
Mfg class A common..—.
fi% debenture...
Derby Oil Co
For
5
xqO
common
footnotes
.35
6O0
see
8
.
page
981.^
22
50
■
__
Feb
33
I.
i
Aug
6% Jan
44 % Aug
11
38
5%
Jan
May
Feb
•
t
;•
>.
,f
Apr
23% May
10% May
July
21%
i
>
Jan
17%
Jan
29
Feb
Jun
70% Feb
July
65
66%
60
—.——I
22%
22%
100
22% Aug
11
Stores
7%
7%
2,000
7
Mar
23%
23%
200
23
Jun
29% Jan
27
27
25%
Jun
35
66%
Apr
8%
Jan
=<
27
*
-
,.50
Jan
of France—
rets
bearer.
"9% "9%
200
47%
700
46
7% Mar
4% Aug
7% Mar
—
Brewing
9%
Jan
27% Jan
49% July
Mar
30% May
19
20%
20%
21%
1,100
34
34
35%
600
28
Mar
40
July
85
.lit
May
110
July
134
134
40
112
Jun
150
July
134
38%
13%
Feb
20
Feb
Jan
Co
17%
common—
May
.16%
.♦
.101
10%
105
500
Jan
Jun
18% July
97
2,700
Jan
14
17 7/8
IWV2
,
Jan
107% July
8%
300
8% Aug
14 %
Jan
500
5% July
9%
Jan
12%
13%
GOO
—
..
8%
5%
12%
—;
17% Jan
preferred series A
Warrants
Service $6 preferred—*
11%
100
17%
105
—'
v5'-
5
-i.
'
111%
Inc
32%
53
54%
;
26%
700
21
21%
3,700
19
Mar
—5
21%
21%
22%
1,000
21
July
4
—
6%
6%
6%
1,100
Sugars class A.
32%
*
1%
57
Co.
Atlantic
1st
.
1%
ft
Stores.
103
Apr
Jan
1% July
Jan
10% Mar
...
53
July
29%
31%
11
11;,.
29% Aug
10% July
18%
19%
•16
24%
118%X120%
stock—
—.
.100
——
..21
preferred
Stores
57
Jan
Jun.
1
21% Jan
Paper
_•
Products
common—25a
100
Utilities $4.40 pfd
Gypsum Lime ft Alabastine
,
■
Xl35% 140
45
46%
24%. 25 % :
22
22%
113% 113 'A
109% Mar;
134
Mar
38% Mar
17'/a Jan
13% Jan
xlll% May
12% Mar
„■*
Jun
Jun
13% May
Ball
Lamp Co.—
Bridge Co
Hamilton
Hammermill
.
July
Pacific Tea—
common
Northern
,10
11,100
30
23
1
■
Varnish
Grayson-Robinson
1%
107
i—
—«
Graham-Paige Motors $5 conv pfd—21
Great
1%
a
48 '/a
common.
Grand Rapids
Non-voting
107
'
100
32%
Co—
class A
Mfg
Gray Mfg
6%
€3
B
$4.50 prior preferred
...
—
Goldfield Consolidated Mines-
Great
21% Jan
25%
26%
M Class
Inc
Feb
27
...
21%
inc common
Mfg
Jan
19% Jan
—
—u
Jan
53
220
—
—
Jan
27
300
33%
53
Coal
Globe-Union
Godchaux
32%
Jan
110
75
,
Gobel (Adolf)
Feb
104
100
113% 114%
*
$5 preferred
*
Gilbert (AC) common
•
Preferred slt,i;v„.*•—,
*
■*:
Gilchrist
Co
*
Gladding McBean ft Co———*
Gleaner Harvester Corp
;
SJi
Alden
Feb
Jan
July
4% July
700
5%
107% 108
Jan
Mar
104%
17%
17%
General Plywood Corp.
Glen
Jan
24
General Fireproofing common.
General Outdoor Adv 6% pfd.
Public
Jan
9%
9
--
Gorham
;
12%
—
Aug
16% July
May
22
5%
~5%
-j
dep rets ord reg.
Gorham
Jun
6% Apr
60
Apr
36% Feb
108
May
20%
31%
of Canada—
Power
Goodman
24
May
10% Jun
36
11"%
Apr
Feb
25
Georgia Power $6 preferred,,„,
Feb
Jan
Jan
Feb
Jan
28
2,050
..
Co—
Mfg Co common—.
General
July
{
4% July
8%
26%
40%
100
General Shareholdings Corp «om—1
$6 convertible preferred
^vi n-iV*-
Feb
44
Amer
5%
26% July
7% Jan
llo
Apr
36 % May
Jan
4,800
General Alloys Co
#:
<
175
300
Jan
5%
8,100
15%
General Finance Corp commo
Feb
Jan
17% Feb
13%
21 % May
1,000
6%
26
Gen Electric Co Ltd—
17% May
180
M-
Jan
Jun
14%
preferred
Gellman
>
July
95% July
Apr
6% Jan
47
Feb
21 ;=■
II
Jan
G
5%
3%
100
14
6%
38% Mar
F, —'p
34%
30% Jan
38
—
Davidson Brothers Inc
56
14%
21
——It
Garrett Corp common.
Gatineau
39
87
2.50
4%
Jan
July
14
Apr
1
—
Stores
Gulf 8tate
common
3% Jan
49%
,
Apr
Apr
33
(Geo A) Co—^
Grocery
New
16
30%
•;
112% Aug
12% Jan
23% July
8% Jan
2.50
53%
112
31
$3 <K>nV atftAlr ,
4% convertible preferred.
Jan
15% July
Mills......
Apr
Feb
•
—
Greenfield Tap ft Die.
Davenport Hosiery
33
25%
—
Fort Pitt Brewing Co
■1% July
19% Aug
5July
31
common-
14%
13%
6%
rets ord
Fo* (Peter)
Feb
29% Jun
105 % May
(Mo)
14%
13%
—
(Phila)
H)
(M
dep
-
Aug
5
121
ft Inst Co.
Camera
dep
Amer
14%
27% July
3% Jun
——g
Apr
30%
39%
Jan
700
33
14%
Engine ft Airplane.
Ford Motor
10% July
6%
————————100
27
12% July
500
X52 % X53
10
common
'.Class!A "nn-PftMfty
»Class B voting
Jan
18% Jan
common
3%
52%
Jan
Jan
Feb
49% May
50
78%
Apr
•:,;9^ Feb
7% Mar
jq
22
24%
109
Brewing..
to $1
5^
101% July
% Jan
14%
...
Line
Pipe
Association
Am
Jun
2% Mar
(Md)....
100
850
1,100
Jan
166% July
12% Jan
July
19%
200
Feb
July
1,000
44%
48
13
.
51
13%
-—
77% Mar
July
Feb
Ford Motor Co Ltd—
Jan
25
24% Mar
IIIIIIIIIl
Sugar
50%
.
preferred
Fishman
Jan
50% July
12% Jan
91
,82
9
g
Lighting Inc
Curtis Mfg Co
300
38%
5%
—
preferred
*
13%
1%
.
Atlantic
Tobacco
3,800
27%
Crown Cork International
A—•
Crown Drug Co
common.....
—.25c
n% convertible preferred^
25
Crystal Oil Refining common——..
•
preferred
400
4%
33%
19%
common
Brewing CO :».
Crosley Motors Inc.
Crowley Milner & Co
5%
32%
39%
11%
Croft
Cuban
•
38%
Co.—.
preferred
1,400
27%
Petroleum
Cuban
4
39
Oourtaulds Ltd—*
$6
31%
93
6%
43
49
115
1,300
Jun
6%
500
.50
Apr
Feb
108
89%
17%
Feb
30
10
9%
8%
Corp
common
Ford Motor
Jan
100
200
Jun
26%
71
800
Federal Compress ft Warehouse Co
Apr
16%
400
9%
25%
44%
89 %
'
Co
Petrol
*
22%
<
Corr^/on
Cent
700
17% Jan
26
Aug
2% Aug
88%
"9%
Cornucopia Gold Mines
Crown
2%
Jan
July
36% July
3% Jan
22%
C...
& Reynolds
$6 preferred A_.
Cosden Petroleum common
97
4
117% 121
I'll
112%
89%
117%
Cook Paint ft VarniBh
Co-s—
Creole
2%
50
•
II
-
...
6% July
35% July
460
3%
i
4%
convertible
Aug
350
y
Corp....,-
&
July
July
41
28,800
31%
Continental Fdy
4
25
32
72
■
Fedders-Quigan Corp
Apr
: 300
99%
Jan
15% May
43 %
139
Empire District Electric 5% pfd—100
Derrick ft Equipment
I
Equity Corp common
—IPS
$3 convertible preferred.......
,4
jfaqm™ Tnft
....
-1
Fire
Jun
<•600
38%
l
Steel
dep
50
105
13% July
400
71%
•
A—*
28%
Jan
Jan
Jan
8.000
99%
Jun
July
Mar
5%
fs
io
American
7%
2,100
56%
Jan
18% Jan
70% Apr
—•
Fansteel Metallurgical
21% Jun
15% May
38
44'
7%
98% May
11% Mar
15,300
24
Falrchlld
Feb
Jun
27%
38
23%
23
Mar
38 V4
Consolidated Retail Stores
Consolidated Royalty Oil
5%
Jan
15%
156
9
300
22%
26%
Falstaff
July
32
-fii
90%
new
Jan
166
20
325
22%
—I
common.
-JU
Fairchild
Jun
14
38»A
25
.——
series
ft Share
warrants
Co
Eureka
Feb
41%
20% Aug
5"% July
200
A 15
'
184% May
100
47%
37%
-
Consolidated Mining ft Smelt Ltd—8
Coro Inc
Feb
5%
99 %
wariants—
f Consolidated Gas Utilities.
i
1,000
12,200
13%
,6%
——•
•
Range
13%
140 1
43%
7
—
III~2a
Biscuit Co
Consol G E L P Bait
common.
4%% series B preferre
Copper
6%
16
15
iqab
1956
Textile
24
13%
—
Consolidated
Consol
Feb
100
60
warrants
Arms
Southern
extended
Consolidated
Feb
26%
&
preferred
26%
140
200
16
Jun
Jun
Jan
16%
20%
Apr
Jan
Jan
May
15%
46%
H
$3 preferred
4%
88
19
4
15%
5%
-
28% Jun
'Aug
16
—
Conn Gas & Coke Secur
common
•'
400
5
Feb
150
,
42%
25
1.200
Emsco
53% May
52% May
22
14%
4,600
163
160
20%
Inc
8 & ; Preference =TOO
.■;V t C ext to
36%
Mar
50
May
104
Mar
68
23
5%
Apr
Jan
3,400
190
69
75
23
15% May
Apr
1% July
75
525
104% May
92
Feb
3% May
100
90%
Jan
8
Aug
65
37% Mar
3%
Elliott
52% May
166%
29
13
Community Public Service.—..
Community Water Seivlce
Compo Shoe Machinery— :
c
16%
2%
2
5
97% Jan
1,375
78
Elgin National Watch Co common.. .15
May
Jan
16%
II
Colorado Fuel & Iron
V t
100
68
Columbia Gas & Electric—
Commonwealth
21
20% Mar
Inc
Fire
Bond
Option
Feb
225
160
Co.—I
106
10%
600
35%
Airlines
Mills
*
Jan
25%
—'
v •
Jan
6% Jan
71
Co
Colonial
Patent
37
Cnm
Colonial
Colt's
10
3,300
172% 176
CommonDevelopment ordinary
Colon
Jan
'
MfgI~III_ "II
Illuminating"
Club Alum Products
Cockshutt
Jan
25
2
Co
Electric
Clincbfield
10% Jan
37
15%
Neon Lights
Clayton & Lambert
•
May
106
76%
90
formerly $5
$4.20 pfd. formerly $6.
34% July
68
16%
~
Claude
Cleveland
Jan
25
Homes
Controller
225
3 %
$3.50 pfd
23% July
71
$6 preferred BB
&
Jan
130
76%
Corp
Electric Power ft Light 2d pfd
Apr
16% Mar
—
City Auto Stamping
Electric
Apr
51
100
in
_
II
Jan
Apr
Jan
36
preferred B
Clark
9,400
.
40
40
~6% ~6%
I"
Cities Service common
$6 preferred
1,200
preferred
Easy Washing Machine B,
Economy Grocery Stores
Jun
18
400
125%
g
Macn
5%
$5
38
July
33% Aug
13%
4,600
13%
43
120
~6%
h
common.—
Consolidated Mining
SChilds Co preferred
12
43
—
122
l
Chief
City
Jan
Jun
36% Jun
100
common...
&
30%
IHioo
Chamberlin Co of America—
Corp common
II
Chicago Rivet
30
_
inn
Clxaris
Chesebrough Mfg
20
12%
ouo
preferred
60c
500
States
Electrographic
Central & South West
Utilities
SCent States Elec 6%
Conv pfd opt div ser
19%
30
Ohio Steel
Products—
Central Pow ft Lt 4%
pfd
Cherry-Burrell
4%
45
106
19%
Conv pfd opt div ser
1929
Cessna Aircraft Co
common
5%
$7 preferred series A.
$6 preferred series B_—
Eastern Sugar Associates—
164% May
34%
America..
preferred
17%
100% 102%
5%
100%
preferred.
Eastern
14%
Jci im
34%
Central
7%
1
& Co
Corp
6%
14% Jan
17%
Eastern Malleable Iron
68
1
i
t
ft Fuel Assoo common.
4%% prior preferred—————,
24% May
122
4M
com
^
fcast
25% May
2% Aug
30
32%
—
"
164%'May
~2%
36
~2%
5
cS,;tpW^b pm-—•
(J W) Co
Products
17%
Jan
Aug
6%
—
(A M)
e
16
9
Jan
22
Feb
common
Castle
8%
Jan
11%
15
22
22
—
Class
Catalin
13%
25
,
Capital City Products
Carman & Co class a
Casco
Duval Texas «niphn>
Jan
.
;-|
1
cnmmnn
12% May
7% July
23
May
-
21%
;
5
9%
—
Durham
inn
° ,T~—•
Carter
Dunlop Rubber Co Ltd—»
Am dep rets ord reg ^*—..—£1
Hosiery class B common—* ^
Jun
6% May
*
Canadian Industries
Ltd
7% preferred
%
Canadian Marconi
Carnation Co
7%
mi**
Alconoi—"
non voting
j
11%
7%
voting
r-.
(Class B
3% May
8% Feb
10% Jan
"***
«
ci?lR dement Co Ltd commonl
6%%
—
•
1
Fire
preferred
Canadian Industrial
1
i
i
Tungsten
Camden
7
Feb
3% Mar
—
Duro Test Corp
Calamba Sugar Estate^
California Electric Power
Callite
4%
;
Paper—
12%
Ltd.
12%
8%
8%
12% Aug
% July
35% Mar
r 8
j
Volume 164
THE
Number 4517
COMMERCIAL
979,
& FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
-it'
•
4s -v
i
■
rl
RANGE FOR WEEK ENDING AUGUST 16
,
,,
York Curb Exchange
.
Sale Price
*;
Harvard
21
ctfs——1
Brewing Co
Dept StoreB
Mining Co—
Hecia
,i'.m.i
i.n.aiK
mi
Helena
Rubinstein—
Class A
Heller
Co
6%%
preferred
Hoe
(R)
Holllnger
w
.1
1
common
10%
300
"
20
20%
700
17%
18%
15%
16 %
1,600
1,500
33%
33 y4
100
15%
15%
16%
4,800
Consolidated
34%
37%
79%.
14%
79%
1,900
84%
34%'
M_
100
18
17
-1
O
320
107% 108 '
18'
600
11%
14%
-
14%
Jan
Mangel Stores
26%
Feb
15 Va
Feb
23%
Apr
Mapes
15% July
19%
6
Manischewitz (The B) Co
::: 'r
18
July
107
July
Ltd.
Co
87%
17%
15
& Co common—
Baking Co
common
250
fiS
Aug
175
45%
45
McCord
common
Corp
.
itmmjtyy,
McWilllams
*
—
—•
Dredging
Mead Johnson & Co
:?
Menasco
170
May
Feb
May
115% Mar
33% Jun
100
27% Mar
69
900
48%
15%
14%
8%%
A
:
19 Va
19%
20%
6%
6%
"7%
2,100
Jan
Mar
10
.
1
—
7%
2.50
13%
13%
23% Mar
37
Jun
Michigan Sugar Co.——....,—.—..*
3%
3%
49%
45%
Jan
50% Mar
17
Mar
Jun
11%
Hygrade Food Products.
49%
46%
250
55
49%
15
21%
1,100
8
Jan
12
150
43
Jan
59
Mlcromatic Hone Corp
July
July
2,900
22 Va
7%
.......1
Jun
19
Mid-West
Dividend arreat ctfs
•
ou
Imperial Chemical IndustriesAm dep rets regis.
31
32
1,100
29% July
62%
62%
65
2,700
60
20%
-$«
20%
20%
2,400
31%
31%
31%
350
•
(Can) coupot
Ireland
13%
23
Apr
Jan
38
July
Mia-West
500
jwu
Jun
15%
12%
Jan
14% Jan
Juiy
25 y4
1,900
112
112%
500
101
101
101
20
90
107
107
20
92% Jan
25
100% 101%
10
Jun
Minnesota
30% Jan
112% Aug
109% Jun
94
Jan
300
international
Metal Industries
67 y2
67
series..———...50
Investing Corp
24 y8
400
coupon
shares
shi—*
Montana Dakota
—————10
Jun
18
Jan
31% May
Feb
35
16%
16%
16%
16% May
Power $7 preferred—
Royalty.
1,700
16%
Juh
10%
Jan
5%
4 "/a
900
4% Aug
14%,
900
49
100
.13% AUg
30 Va Mar
2
1,000
1%
25
24%
1
Jan
10 y4
10%
500
9% Aug
Kldde
——•
2 V4
1,200
2Va Aug
(Walter7
20
20%
21%
30
1,200
50
13%
.1
14
13%
10,900
124%
124
32"%
32%
Co
States
Nachman
26
17% May
preferred D
King Seeley Corp
Kingston
Products.
27
Apr
Power
Corp
Jan
124%
Aug
Jan
33
Feb
14%
24% July
4% July
13% July
14%
11
11%
125
18%
1,000
9%
17
Apr
29%
July
Aug
115
80
80
Aug
94
—
80
80
76
Jan
—
I
21%
21%
22%
500
7%
7%
7
9%
9%
'7%
'9%
2,700
.1
1,600
Kirkiand Lake G M Co Ltd.—-1
Klein (D Emil) Co common
•
1%
1%
lib
9,500
Nelson
33%
200
14%
15%
1,200
17%
17%
200
Kleinert
(I B)
Rubber Co
'
\'
30
1
14%
—l
800
8%
4
16%
2,200
1,500
8,200
Lake Shore Mines Ltd
15%
Lakey Foundry St Machine.
Lamson Corp of Delaware
I
Lane Wells Co
1
8%
15%
15%
8%
•
3,600
9%
1,900
10%
700
11%
19%
—
20
18% Mar
July
Prior
Realty
20
175
24
8
Jan
43
Jan
34
29
Feb
37 %
12
Jan
12% Mar
•
Oil
8%
England
Haven
4%%
Line
.21
<R G) Inc—
..1
46%
46%
47
.1
19%
19%
19%
.10
32%
32%
34
15%
15%
16
Material Co.
8%
Corp
(Thos J* Inc 6% preferred.
Lipton
2.
2%
Loblaw
Class
Groceterias
30%
31
19
19
Lone Star Gas Corp common-
.10
20 Va
19%
15%
For footnotes
—
see
page
981.
8% Mar
400
25% Mar
150
18
,
Feb
Jun
23% Feb
5% Feb
10& Jan
32%
Apr
160%
Apr
36
Jun
21% May
Mar
17
Jan
23% Jan
5% July
35
Jun
14
200
Feb
24
preferred
Jan
Mexico
Jan
Tel
;
200
19
July
28%
100
18
Feb
80%
400
69%
Jun
89% July
17
17 Va
900
14%
Feb
23% Mar
Jan
x26% May
12%
12%
500
12 y8 July
2%
2%
1,200
2% July
7% Jan
12%
1
2%
9%
18
•
"
700
8oa
20
Mar
% Mar
12
Feb
Merchandise—
Mar
Feb
North
Apr
Northern
* 2oy«
4,700
15% Jan
22% July
1%
38,300
;
91
93 y4
700
13%
13%1 J5%
.15,500
1
96%
.82
-10%
lil%
20%
21
500
3%
Aug
Feb
Aug
Jan
Jan
20 y4 July
117
American
Northeast
1,080
Mar
12%
84% Feb
108%
10
Jun
Jun
35
Apr
80
126 Va Mar
142
Aug
100
10% Aug
100
18% July
21
27
100
25% Jutt
72
1,000
32
Jan
81% Feb
>
7
1,100
3%
6,200
100
17%
17%
—
Aug
6% Aug
2% Aug
Mar
58%
59
150
53
—
29
29
100
27% May
16%
100
107
—10
107
16%
pfd_100
50
107
78%
78%
10
12%
12%
1
100
12%
18,600
113% 114
113%
.
26
Feb
Jan
Jan
July
8% Jan
Jan
117
220
no % July
Aircraft
20
Inc
Apr
Northrop
Apr
Novadel-Agene Corp
—.—
—28
—1
*
iJay
Feb
Apr
3%
Feb
1%
1,800
i%juiy
12%
700
ir>3/4 M« r
17
July
13% May
26%
Feb
Apr
17%
28%
-
•'
18%
2,300
20y2
"3
~3 Va
2,500
2% July
5%
28
28%
5,800
23% July
9
145
9%
9
145
146
51%
3,300
■
51%
175
100
7%
Jan
8% ^
8Va
li
10%
11
17 /'
17
18%
100
1,500
4,100
325
Feb
Jan
12% Mar
164
Apr
49% Jan
63
May
49 Va
;
35
Feb
134
Feb
«% Jan
8
Jan
15
July
Jan
A
15
123%
120
15% July
"3
—5
Gas
Jan
Feb
95
May
Power class
Mar
111
104
Natural
19
64%
x35
July
16
69
108
States
Jun
18% May
'1%
17%
& Power common__l
•
1
11 % Mar
4% July
65
12%
1%
9
•
Texas Oil
July
108% May
350
119% 122
warrants...
com
9% Jan
11% Aug
—•
pf d—j^alOO
class B
71
50
Northern
16% May
11
i8%
Northern Indiana Pub Serv 5% pfd__l00
Northern
26%
150
54% Feb
_
Airlines
Apr
117
Jan
10%
Feb
Apr
v
19
2%
Utility Securities.—-•
Central
15% Aug
108
V
12% Jan
i.vV:
i \ :
30;i
300
500
6%
6%
North American Rayon class A
*
Class B common
_—.—.*
22
100
Apr
16
71
72
-1
isiectrlc.—m.——.3
25
1
22
18%
1
Mines————.8
preferred
16% July
97
Feb
18% Apr
11
II
—.100
optional
North Amer Light
600
Jun
24%
100
139% 142
10
preferred
Noma /
300
:
Feb
Feb
19
101% 102
—.£—.20
1st preferred..
Jun
32% July
32% July
Feb
115
Jan
/
101%
•
Co
Nlles-Bement-Pond
$6
4%
15%
100
Rosar<o
Aug
33
Jan
15 ya
14
May
19
15 %
Nineteen Hundred Corp B
41%
4,600
common——
NlpisBing
20% May
10 Va
9%
22% July
38
16% Jun
.20
Niagara Share Corp
56
July
.
108%
IIoo
Arizona Land—
Jun
26% Jan
Jan
1T% Jan
2,600
27
Watch
&
Y
B
Jan
14%
16%
78%
City Omnibus warrants—
2d
Apr
48% Aug
10%
_
St Honduras
5%
9%
;;Apr
20%
•
preferred—^
&
40
200
28%
*
Tel..
&
5
1% July
300
9,100
'
5
Y
5%
14% Jun
43
July
3% Apr
48%
100
Niagara Hudson Power common
24% May
.Mar
~
6"%
6%
27 % Mar
N Y Water Service 8 %
Aug
10 y2
31
30
17%
common
New Process Co
Jun
600
92
-1
18% Jun
16%
..30$
North Penn RR Co—
1%
97
Feb
6
19%
.12.50
Apr
35
island Lighting Co—
dep
Jan
10%
19%
1
New Park Mining Co.—————1
18 y8
17%
7%
.20% Feb
22 Va
Fabrics..
N Y State Electric & Gas $5.10
21
25% Mar
17%
Lynch Corp
Feb
Apr
.28
Corp
Clock
conv
28%
28%
-.1
of
37
Jan
28% Jan
136% Jun
14%
48
N Y Shipbuilding Corp—
Founders
shares...
Jan
42
B
ctfs
11% Jan
107%
3% Apr
20
19%
6%
-1
common
Feb
Feb
26%
preferred A ctfs of dep.
8% preferred B ctfs of dep.
Louisiana Land & ExplorationLouisiana Power & Light $6 pfd.
July
Jun
Feb
2,000
30%
30
Feb
10% Aug
1,000
Class
Steel Chain
Common
Jan
6
50
10%
May
Apr
8
17
2,400
'
^ 9
14
14
Jan
29
Logansport Distilling Co
Long
7,700
.20
Lit Brothers' common
Locke
2
3%
141% 142%
-•
—2%
New Jersey Zinc.
New
July
'
Lionel
29 Va Aug
84 y4
45
'■
— -
New Idea Inc common.
Apr
% Apr
17 V2
37%
Development.
Le Tourneau
■
•
100
23%
Aug
15
9% Jan
preferred
Lebnard
Jan
210 Va
25
4,600
'
8%
3%
8%
10
Radio
Meter
New
19% May
18% Jun
18
1
common
Feb
9%,
11% Jan
Jan
800
20%
52
■
8%
preferred.
$2
Class
Lefcourt
Jan
47
16%
(Herman)
New
11% May
2% Feb
31
1,100
•
24
Machine—
-
18%
19%
3%
—5o
common
N
Monotype
35
v
N
Lanston
14% July
7% July
3% Aug
15%
7%
3%
52
N Y
common
20
14%
20
N Y Auction Co common———•
Langendorf United Bakeries blase A
800
30%
—
England Power Associates..
6%
preferred—
Apr
23
'
Krueger Brewing rCt*,,-
Aug
Jan
105
—
30
New
May
Apr
82 %
Union
Neptune
Jan
29
10
.-...1
Kobacker StoreB new common.
1,300
8%
7%
«...
AUg
6% Aug
46
100
197
Nestle Le Mur Co class A
28% May
9% Feb
1% July
33
■i
8% Jan
Knott Corp common.
47
17%
—
Nebraska Power 7%
9% Feb.*
15% Jan
5% July
113
.100
—
14%
46%
common..
Mallinson
National
32% Jun
.100
Petroleum.
19% May
1,200
2,800
7%
National Tunnel & Mines common
Jun.
121%
.1
Kliny
14% May
May
"4%
—.—
preferred
National
Jun
18%
1,050
17%
17%
19
6%
18%
13% July
100
27
6
.100
;
36% Jan
~4%
National Fuel Gas
May
31%
Jan
x26
Kimberly-Clark
5*
30
250
"1%
Feb
32
200
33
27
20
*
•
Corp—
preferredKings Co Lighting 7% pfd B.
100
40% :
N
3% Apr
•
4 %%
300
July
20
13% Jan
2 Va
2%
100
Key Co common
19%
3%
National Transit.^.—
..
Aug''
33
9,100
900
National Rubber Machinery—
National Steel Car Ltd
—
Apr
6
31% May
39%
National Mfg & Stores common.—.—1
National Pressure Cooker
2
Lamp A
20 Ya
.
63
May
3% Feb
1% July
26
26%
30
1
Inc..—
Jan
19
Muskogee Co common..
7%
co
3%
20% Jan
13
Mar
13%
...*
common
Murray Ohio Mfg Co
Muskegon Piston Ring
Jan
26%
Ok Koaenge Co
ivawueer
3,700
5%
26%
13
Utilities
National Breweries
Ken-Rad Tube St
15% Feb
14%
National Bellas Hess
Kennedy's
17% Jul/
200
>, 7% Mar
i.*-16,% May
4%
49
1%
pfd
400
19%
100
pfd
Mountain States Tel St Tel
16% Aug
13%
Mfg voting trust etfs—i*
Irving Air Chute.
,1
Italian superpower A
»
Kalser-Frazer Corp
Kansas Gas & Elec 7%
18
24% Apr
"
24% Jan
16%
14%
Iron Fireman
Jeannette Glass Co common.,
14% May
5%
59
Mountain City Copper common
Mountain Producers
Jun
500
17
15%
15%
3,900
17
49
5
Jun
Mountain
,
4%
International Safety Razor B—.
Utilities common.
73% Apr
Mar
58
28%
*
International
Jan
10% Apr
—
Montgomery Ward A
Montreal Light Heat & Power.
Moody Investors partic pfd—
Morris Plan Corp of America-
33% Jan
21
«•
—
Jan
3% Aug
200
5% Aug
11
Feb
Molybdenum Corp
Jan
15 V2
International Minerals and Chemicals
Warrants
——
Petroleum
L
Sc
Feb
5%
4,900
25%
—
»
P
9%
17%
32
Monogram Pictures common
Monroe Loan Society A——
Jun
123
112
July
1
A
common
preferred
Missouri Public Service
Hydro Electrio—
International
Co
conv
Mihtng Corp
Jan
Jan
25
109%
800
25
25
*
,,,
X14
112%
—100
Insurance Co of North America
12%
200
13%
13%
4%%
12 ya Jan
112
May
11% Jan
14% May
62
Mar
3%
25%
—10
Henneries
,
Apr
Jan
12%
5%
Piping & Supply new com
Jan
Co
Jan
8ya
26%
li
pfd—100
preferred
International Cigar Machine
Midwest
18%
25
7% May
15"% Jan
1,800
13%
13%
Xl4
£1
Indianapolis Pow & Lt 4%
Oil
Apr
10'
July
13
,50c
Midwest
7% Jan
12% Jun
__
•
250
—50
39% Apr
81
Apr
July
Miller Wohl
.11
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
eniian
37%
6% May
600
•
1
Abrasive
Mar
18%
18%
$2 non-cum dividend shares—*
Mid\ ale Co common
•
A
Jan
Aug
Apr
24
17%
—
Middle States Petroleum class A V t c.l
Class B v t c
—1
Middle West Corp common
.—.8
Apr
53%
Jan
56
Jan
47
11%
..10
Midland Oil Corp $2 conv preferred—*
Midland Steel Products—
4% July
Illinois Power Co common.
5 % conv preferred
8%
13%
7%
Michigan Steel Tube
16 Va
16%
9%
10
Jun
Michigan Bumper Corp.
109% Jan
6% Aug
100
56
15%
10%
Investors
10
56
—
10 Va May
Preferred
3,100
.
10
Corp..————25o
Participating preferred—.—...15
49%
Products
July
8% Jan
j
.—.100
100
25
3,200
V
—.............
preferred
Messabi Iron Co
75% May
X20% Jun
4% ;
Apr
22%
4% July
18
July
4%
Jan
18%
Jan
4,500
4%
,-.i,
6% Mar
Jan
4%
6% Aug
'7%
May
19 y«
May
1,500
6%
400
55
Interstate
600
2%
13Va
.
'■?.
Jan
60
v
Jan
900
12%
10%
International
14
31%
Co..
Indiana Service 6%
1%
preferred
26
40% July
16Va Jan
25
Feb
33
55
Registered
100
12%
common—
International
15
7-:f
8
common
Warrants
47% Jun
28%
preferred
—
Hydro Electric Securltle
$3.50
200
.
32
Mfg Co.
i1
Merrltt Chapman St Scott——*
45% July
Apr
Feb
37%
68%
14%
1st
Preferred
1,100
16%
Jan
17% 19
32./-U 32%
17%
■■
—1
25% July
28
69
Corn stk purch warrants.
International
2%
16%
15
—•
Memphis Natural Gas
112
Hard Lock & Mfg Co
Imperial Oil
12 Yb
2%
•
Metal Textile
/ano
4,600
'
32% May
40 %
45%
(Harvey) Inc
Humble Oil & Reflnlns
Hummel-Ross Fibre Corp—
Dlinoib
15%
15%
15%
III
common
Jan
22%
lw
*
—--*
—100
Ligonier
$2.25 preferred-
56% May
Aug
•
.
preferred
Huyler's
40%
8% Feb
*
Massey Harris
Jun
Feb
13
'fjijiiif
—
.11
$2.50 preferred
11% July
"""•*
—
Mass Utilities Association v t e.
45% May
32% July
-F
Communication
Jan
1,100
29%
28
28
Jan
8%
Jun
Feb
21% May
Mfg Co.
Marion Power Shovel:.
May
26%
.
36
Marcbnl Internet Marine
Apr
113
16% May
Consolidated
20% Jan
Hussmann
5%
700
200:
40
38%
'
48
Apr
16% Jan
I4ya Mar
32
4o
common.
'
Horn & Hardart
Hubbell
January l
High
Feb
Feb
Inc.
(Geo A)
Low
High
■
Manati Sugar optional warrants.
9% July
19% July
1,100
12
13%
Range Since
Shares
M
9% May
7% Jan
Apr
15 y4 Mar
.10
Horn & Hardart
6%
9%
.100
w
common
Stores Inc
noiophane Co common
Horder's
4
;72% Jtin
5% Mar
2,000
15%
Holly
Hormel
2,000
5
••
class A.
& Co
6%
4%
for Week
Of Prices
Low
Per
High
Mar
87
6%
,,..,*
common.
Henry Holt & Co
Heyden Chemical
LoW
Sales
Range
.-Last V'-
'••
Sale Price
Range Since Jannary 1
4%
9%
•
common
Shares
High
6%
—I
Hat Corp of America B non-vot com—1
Hazeltine Corp
—•
Hearn
STOCKS
New York Curb Exchange
Low
^. For
Hartford Electric Light
Hartlord Rayon voting trust
Sales
for Week
of Prices
Week's
Friday
Week's
Range
Friday
Last
STOCKS
,
New
45% Jan
62 y4 May
12%
Feb
11%
Jun
If 21% Jan
108% July
111
59%
Apr
Jun
57
50:
57
55%
55
58%
1,500
45
Jan
12%
12 V4
12%
1,100
10%
Feb
15%
Apr
34
Feb
40.
Apr
.
i; 73% May
■
.THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, August 19, 194(j"
NEW YORK CURB EXCHANGE
RANGE
;
STOCKS
Friday
Exchange
New York Curb
Week'*
Range
Last
Sale Price
FOR WEEK ENDING AUGUST
16
,
Sales
for Week
of Prices
Low
High
Shares
Range Since January 1
Low
High
Ogden Corp common
Ohio
Brass
class
Co
Ohio Power 4%%
Old
Poindexter
B
common.
preferred
Natural
oclahoma
(las
...
common.
Distillery
Filters B
Oliver United
Omar lnc
Overseas Securities
Pacific
Can
Co
common—
5%%
1st
147/a
1st pfd
preferred
Pacific Lighting $5 preferred
Pacific Power & Light 7%
Public
11.30
1st
46
4iya
103% 104
pfd
Pacific
15%
45%
41
Pacific Gas fit Elec 6%
114% 114%
Service
15%
15%
preferred
Page-Hersey
Tubes
common
...
Pan American Airways warrants..
Pantepec Oil of Venezuela Am shs.
Paramount
Parker
Motors
Pen
Patchogue
X56%
Kig
100
S%
Jan
5% July
W'
Telephone
common
106
preferred
cum
43% Aug
299% Aug
Mills
'•
•
2,400
23%
"II!
Reel
fit
Plymouth
Peninsular
$1
50
Corp
Co
Farxersburg
Feb
Pennroad Corp common
!
Penn-Dixie Cement warrants
Gas
r*enn
&
Elec
Penn
PoWer
Fenn
Traffic
Penn
Water
Pepperell
&
class
Light
A
com
4% %
-
pfd
Co
& Power Co
Mfg
.
Co
Pericct Circie
Co
Pharis Tire & Rubber
51
Philadelphia Co common
Pnillips Packing Co
Pierce
Governor
Pinchin
Johnson Ltd
Feb
32%
■„
Feb
31% Jan
165
Jun
common
Am Shs
Pioneer Gold Mines Ltd..
17
13%
com—1,.....
Piper Aircraft Corp
Pltney-Bowes lnc
Pitts
Bess
L
fit
E
common.
Valley Wiac Uu.„
Pneumatic
Scale
common
Polaris Mining Co
Powdrell
Power
Feb
RR
Pittsburgh & Lake Erie
Pittsburgh Metallurgical
Pleasant
July
19% May
,
&
—
.
Alexander
common
Corp of Canada com
1st preferred—.
6%
Pratt St Lambert Co
'
Premier Gold
lnc
:VV;
Mining
Prentice-Hall
Pressed
Metals
Producers
common!
of
...
America
Corp of Nevada
Prosperity Co class R
Providence
;
—
Qa«:-.Mi,,
Public Sendee of Colorado—
6% 1st preferred
7%
1st preferred
,,
—,
;
_
8%
Puget Sound Power & Light—
$5 prior preferred
Puget Sound Pulp & Timber
Pyle-Natlonal On
Jan
22% Jun
25
Pyrene Manufacturing
Feb
3% Jan
49% Jun
M
48
Jan
62% May
■«34% Jan
6% July
26 Va May
Quaker Oats
common
6%
preferred
Quebec
Power
lllVa
174
Co
8% Mar
32% Mar
Taggsrt Corp common
Tampa Electric Co common
Technicolor lnc
Radlo-Keith-Orpheum option warrant*.
Railway & Light Securities
Voting common
1Q
Railway & Utility Investment A
1
Rath Packing Co. common.
10
Raymond Concrete Pile common
•
rr
*3 convertible yreferred
Texas
17% Mar
Roofing
Tishman
50o
Allied
deed Roller Bit
Bo._
Reliance Electric h
Rice
Stix
Dry
Richfield
Richmond
,
Engineering
fit
0
Amer
•
Amer
Radiator
.1
13
dep rets ord regis
dep recs def reg
2
.
7%
•
160
pfd F
preferred—
Rolls Royce Ltd—;
Am dep rets for ord
Ronson
Corp
"
■
'
common
Art Metal Works
,
f*
..........
1
10
Royalite Oil Co Ltd
•
Russeks Fifth Ave
2%
Aeronautical Co
Consolidated Petroleum
Ryerson & Haynes common
1
•
,1
Udyllte Corp...—.......
Corp
Realization
43
Jun
Ulen
10%
Feb
8%
Jun
Unexcelled Chemical Corp
Union Gas of Canada
9% Feb
Investment Co
Union
Union Stk Yds of Omaha
United
Aircraft
United
Chemicals
United
uorp
Products
common—
warrants
United Elastic Corp
Bt
Lawrence Corp
Class
Bt
Bait
$2
A
Regis
United
Lid
pre!...
Oil
United
$3
Co
Corp common.
Savoy
Oil
Co
Schiff
Co
common
Schulte
bcovill
(D
A)
lnc
For
footnotes
United
United
.
page
Corp
common—
Railways
Molasses
dep
10%
981,
..
Products.
Co
preferred.
Ltd—
rets ord regis—
& Canal
United NJ RR
common
see
Milk
participating
Amer
..
Manufacturing
Gas
United Light &
United
Paper common
Dome
Bamson
conv
" May
Profit
Sharing
preferred
19Q
.
X109%X109%
115
2%
2%
115
2%
5%
5%
*
5%
4%
4%
100
July
Jan
107% July
Apr
2% July
113%
5% July
3% July
Jan
7% July
12% July
9% May
11% Apr
44% May
19% Jan
191
20
Inc.—..——
p
Petroleum Co
Xl09%
..
Tung-Sol Lamp Works
80c convertible preferred
g
-n
Rotary Electric Steel Co
Ryan
Ryan
—1
Trunz
Roosevelt Field Tnn—
Root
...1
Trans Lux Corp,...
Tri-Continental
warrants.
100
Pendleton lnc
19S
.100
Tonopah Mining of Nevada
Rochester Gas & Elec 4%
Cable
Apr
Security Trust Co Ltd-
Todd Shipyards Corp...—
Toledo Edison 6% preferred
Grande Valley Gas Co—
(Texas Corp) vtc_i...—t-..ui rri—r^T1i
Rome
Jan
6% July
Exports
warrants
Rio
Roeser fit
Jan
64%
Stocks—.....
Product
Tobacco
.
Goods
Oil Corp.
Tobacco
Mar
15%
common...—..
lnc
Realty & Construction.
Tobacco
common
37
16
The# Shovel Co
Tilo
Apr
8% Mar
Textron In?
,,
Aug
117 %
& Light 7% pfd—
4 Land Co—...........
Power
Tex on Oil
•
Raytheon Manufacturing
21
common
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4517
kVolume 164
EXCHANGE
N EW YORK CU RB
.RANGE FOR-W«EK
STOCKS-
-
Friday
.«
-
Sale Frice
16 -J-
Sales
'Week's
Shares
of Prices
$ Friday./-;
BONDS
for Week
Range
Last
New York Curb Exchange
ENDING,AUGUST
New
Range Since January l
York
Curb
Interest
Exchange
LOW
Low
High
;
yJ! High
United Shoe Machinery common—23
823/b
81%
823/4
1,250
783/4
18%
—2j*
47 MI
47 Ml
48 Ma
110
46 M2
46Mi
Jan
17 Ms
173/4
-300
17
17
Aug
Preferred
-—
1
United Specialties common
—
: -
253/4
253/4
27 Ma
U
i—8
•
17
16 3%
17
43/4
5
•
98
97 M2
99
—-J
17 y4
17 Mi
18
50o
10
1®
10
4%
S
Graphite
$5
common
Securities
preferred with warrants
1st
U 8 Radiator common
U
700
-
15
IS
;
.* it
-
Jan
Mar
>••
f
4
;;
7 Mi Jan
;
Interstate
Altallan
69
250
89
B9
500
12 Ma
12 Mi
Feb
4 Mi
4Ma
Feb
July
200
4%
200
.1957
Superpower
101 Ml
J-J
Kansas Power ft Light 3Mis
.1969
-1970
Universal Consolidated Oil
Universal
Insurance
Universal Products
Utah-iaano
tfugar..-
stock—....
15.50 priority
Milwaukee Gas
Nebraska
5 Ma
7,600
7M2
Jan
23%
1,200
25 Ma
4M4
600
5%
US
150
113
112
115
K
5s
*
84
convert) ole
10%
Venezuelan
109
Mar
8%
8%
8
3%
3
13%
Jan
145 {..
Jan
12 Mi
Aug
15
20o
Syndicate Inc
Manufacturing
10% Mar
11
112
3
8%
Petroleum.
Venezuela
Vogt
10%
111
preferred
Feb
'
July
Jan
..2022
—.
Gas
4% May
24
England
J-J
.1947
US
100
J-D
ft Gas
Af-N
.1961
U'N
.1948
3%s_l—
A-O
102 Ms
******>
102
.1954
3%s
-1964
Ohio Power 1st
Aircraft
Co
5 Mi
•
;
100
5 Mi
5 Mi
Wagner Baking voting trust ctfs ext.-*
7%
preferred—.
—100
16Mb
163/4
800
Waitt ft Bond
46
46%
5
300
Cl&SS "P.
,
,,-rnn
-,,-,-Trirr.n-iMrw
.
Ward Baking
hpitjij
>j*rr
Aircraft
600
17
16
~7
73/4
7
5 Ms
4
4
600
3% Aug
7
33
36
70
10
103/4
1,300
3,700
31M2 July
10
37/s
•
8 3/4
112
—
12%
12%
5
mtge 3%s
Power
127/a
Feb
40Mi
Feb
Apr
32
32
50
30 Mi July
49
21
21
50
19 Mi
24 Ma
41
41
500
Jun
Mar
Feb
16% Feb
Jan
Feb
38
23 Ma
250
33
Apr
11 %
25
12%
600
10 Ms July
15
Jun
27
100
263/4 July
31
Jun
14 Ma
400
Mar
20
112
Apr
Jun
40
109
18
Jan
12 Ma
109
Portland Cement—
11%
Woodall Industries Inc
13
13 Ma
200
12
Aug
17%
Jan
Woodley
133/4
14
200
10%
Feb
16
Apr
Petroleum.
<F W) Ltd—
American deposit receipts.
21
New
105 M4
/"■
987/a
1013/4
983/4
101 Ma
1017/a
102
5
■
1085/s
105
1053/a
106 Ma
13
'-r
—
99
105 ft
1003/4
21
•; 102 3/4
\
107 Ms
101% 103%
103
mmmm
5
103
102%
■"
$87
'■
'
95
106%
91
81
''
J-D
$107
J-J
J :w-
109
'l
•
105%
,;e,v
109
'
1959
MS
106 Ma 106 7/s
;f 4
J-D
107'
107 Ms
3
J-D
$103
104 Ma
1
108
106 Va
109
105%
<•
5
10X
1
105% 107%
101% 104
—
.
Jersey—
certificates
U'N
170 Vi
12
170 Ms 170 Ma
jv
160
172%
Queens Borough Gas ft Electric—
5%s
series
A
1952
A-O
106% <106%
Safe Harbor Water 4%s
.1979
J-D
1053/4 1053/4
San
.1952
MS
Joaquin Lt ft Pwr 6s 3
ASchulte
Real
Estate
6s
$125 Ma
California
Southern
Counties
101 Ma
US
107Ma
Gas
A-O
J-J
'
125
$150
y
v'
126
108%
105
109
104%
IO71/4
108 Mi
1
111 Mi
107
106
106
—
<
103
98%
12
108%
.
1013/4
(Calif)-
lst mtge 3s
104% 106
Southwestern Gas & Elec 3%s_.
—1970
F-A
Spalding (A G)
U-N
5s__.,
AStarrett Corp Inc 5s.
Btinnes
104% 108%
107 y4107%
.1970
105% 107
1
101 Ma 101 Ma
.1965
3V*s
Gas
A-O
.1971
Southern
J-D
.1951
3s__
2
1
—
.1951
Scullin Steel Inc mtge 3s
Southern California Edison
May
Aug
83/4 Jan
14 Mi
109
of
perpetual
-
102
/■
;
'V J
102%
$107%
J-J
Jun
27
23%
1
common
preferred w w
Winnipeg Elec common BWlsconsin PAL 4% ft pfd.
6%
17
11
,
78
105
■yX'
—1949
Sinking fund deb 4s
Service
115
1964
mtge 3%s
Public
Jan
29
20
6 Co..
Jun
Apr
Apr
55
21%
1
—
24
34
1
«.
%
Wolverine
16% Apr
155
Feb
33%
1st
111
102% ,102%
F-A
1st mtge 3s
1964
Pennsylvania Water & Power 3M4S.1964
:
3Mis
1970
Corp (Can) 4%s B
Public Service Co of Colorado—
108 Ma
A-O
Light 5s.
Power
108%
105 Ma
__
102
«...
105
A-O
1971
ft
7
J-J
1988
38
mtge
May
Apr
ll7/s July
115
Apr
20
(Wm & Co
Brothers
May '
140
Products Inc.
Wilson
Jan
12 Mi Mar
River Oil Corp
Willson
Jun
—10
Inc.
(R C)
9%
33
9
Weyenberg Shoe Mfg
Williams
24 Mi May
Feb
5
Westmoreland Coal
Whitman
10% Mar
Feb
1
Western Maryland Ry 7% 1st pfd—100
Western Tablet & Stationery com..
•
Wichita
Jan
463/4 Aug
16% July
2,550
Jun
114
1.28
Corp
Mills
Coal ft Coke
Westmoreland
Feb
6%
Feb
19%
Aug
May
30
^
—
Wentworth Manufacturing
West Texas Utilities $6 preferred
West Va
j.w
1
Co warrants
Knitting
Wayne
..iuiw w un r» bib:
15 Ms
111
—
•
Watch Co
Waltham
Warner
claw A
9%
July
104
69
5
105%
$105%
J-J,
Park Lexington
Waco
102%
8
,89% .100%'
100
Af-N
.2004
Utility Corp—
A5M2S series A (54% redemed). .1948
1st
111 Ma
105% 107
4
-
$105
\
•
993/4 100 Ms
99% 100
•
.1950
Power
Westchester Ltg 4s
Pacific
m
106 Ma 107
$113%
'•
North Continental
v
115 M»
109
.
72
105
:
.1948
5s
N Y State Elec
Apr
104
70
:v:'"
.1948
deb
ft
104
—/
US
5s
England Power Assn 5s
Debenture 5 Mas
;
N Y
113'
1
107
70
J-D
New
Tftfcpar Corp common
55 Mi,
r.■
„
MS
..1981
.
Conv
New
101 Ma
.
6
II53/4
110
107
A-O
—1967
4Mis
New Eng Gas ft El Assn 5s.
July
103 Mi
95 Mi
44 Mi
■104% 105%
110
!.
100%
11
„
$114
-
F-A
-1963
Light 4MiS
Power
Amsterdam
New
19
45 Ma
•
1956
to
6s series A——
;;;
Apr
Feb
4
-»
<
.
Feb
Aug
4%
10c
Utility Equities common
4%
34 Ma
23 Ma
®
—
Extended at
Apt
High
Valley RR—
28
150
31 Ms'
31
Light common
Power &
Utah
Co new com
27
Low
$105%
.
Midland
January 1
$40
J-J
McCord Corp deb 4MiS
4
-
Range for
Sold
No.
102% 102 Ma
101
101 Va
:
J-J
Kentucky Utilities 4s.
Aug
Bonds
or
102 Ma
J-J
.1962
6s.
J-J
.1952
6s
.
United Stores common
Range
Friday'.s
Bid & Asked
J-D
7% Jan
6%
4 Ma
Sale Price
Kansas Electric Power 3%s—i— .1966
Kansas Gas ft Electric 6s
.2022
20% May
8 Ma May
Mar
5s
Power
Debenture
-.»'§
30 V2 Jun
17% Feb
■
3 % Jan
33/4 Jan
4,800 '
-
6%
•
Reclaiming
Rubber
S
4%
18 Ms
18
7,100
847c Apr
49Mi July
24% Apr
Jan
U'•
U 8 Foil Go class B
U S and International
> -
Week's
Last
Period
Low
~
LOW
.1989
$108%
—
—
$106%
•»*»
.1950
—
'X
—
.
104
,106%
92 Ma 100
(Hugo) Corp—
A7-4s 3d stamped
Btinnes
(Hugo)
A 7-4s 2nd
—1946
$34 Mi
40
36 Ma
48
34
34
48
.
Industries—
stamped
Toledo
Edison
United
Electric
United
Light
3M«s_
N
34
1946
1063/4 1063/4
—1968
—
J
1949
$ 107 %
1959
4s
105'/a
107%
107'A
110
$105
~
Woolworth
15
f
6ft
preference
Wright Hargreaves Ltd
—
—
4Mb
37/s
12,400
July
17 Ml Mar
.7
Feb
33/4 July
6M4 Feb
7
A
-
Feb
ft Power Co—
1st lien & cons 5%s
United Light ft Railways
6s series A
(Maine)—
1952
.
Utah Power ft Light CoDebenture 6s series A
ps
106
106
.2022
$112% 114Ma
-
Waldorf-Astoria Hotel—
A5s
Income
debs
1954
M-S
Wash Water Power 3%s
1964
2030
A-O
I960
J-D
..1999
F-A
West
Penn
Western
BONDS
Friday
Exchange
Last
Sale Price
Low
Par
Amer
»'
or
J-D
J-J
llOMs HOMs
.2024
A-O
121
1103 Mi
J-J
Assoc T & T deb 5%s A.
1955
US
105 Ms
Atlantic City Elec 3 Mas
1964
us
1957
J-D
4Mas
Bell Telephone
1st
5s
M
5s
series
Sold
—I960
72%
61 Me
107Mi
HOMi
108
108 Mi
125%
122
126
106
125
125
~-
110
$109
101%
106$
■
?
Newspaper Uniondebentures.
«106
January 1
High
101 Ms
—
~4
111%
124
121
2
121
41
101
105 Ms 105 Ma
$107
108
6
104%
109 Ma
104%
1033/4
106 Mi
105
108
Foreign Governments & |fluiiici|ialititts
of Canada—
series B
C
82
$108%
——
Range Since
101V* 102
101 %
Elec
Bonds
Low
.1970
1953
Associated
Friday's
Bid ft Asked
High
.1961
Writing Paper 6s
Appalachian Elec Pow 3MiS—
Appalachian Pow deb 6s
5s
.•»
Week's Range
f.
Interest
Period
Curb
81
'
5s
Traction
6s conv s f
New York
81
J-D
West Penn Electric
"•
•101%
107 Mt 108
107M»
110 Ma
Af-N
1117 Mi 119 Ma
115Mt
120
Bickford's Inc 6Mas
1962
A-0
Ull Ma 112 Ma
113
115
Boston
1970
J-D
106%
105
1083/4
Edison
2%s
106
v
lACentral States Electric 5s
1948
1954
M-S
lAChlcago Rys 5s ctfs (part pald)_1927
Af-S
100
;
A5MaS
©ervtce
Cities
Ps—Jan 1966
803/4
1013/4
82
64%
105 Ms 105 Mi
64
73
1043/a
107 %
Pa.;,
F-A
103 Ma
103 Ma 103%
103
1043/4
A-O
105 Ma
105 Ma 105 Mi
A-O
104 %
105
107 Ms
..1969
5s
108
109
'•%!!!'•
,v
1958
Debenture
Debenture
'•'
109
""
Interest
'
.
112
Week's Range
Friday
Exchange
*;•
1103/4
64
64Mb
Af-S
■-*»'.i',„,1Q*<V
Conv
100 Ms
100 Ma
101 Ma
J-J
>"
bonds
New York Curb
Last
Period
.*-• 'V
Sale Price
Low
Far
or
Agricultural Mortgage Bank (Col)—
A20-year
7s—-.^-April 194e
A 20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
—.1948
Danish
'
..Vi
1st ref
'Gen
108
106
110
105
105%
108%
105 Ma
106 Ma
$121
1981
105
$105% 106
1976
2%s series R
Consolidated Gas
108
120% 12$
Sold
Range Since
January 1
$84
High
78%
83%
80
85
30 Mi
26«/4
92 Ma
99%
89
97 Ma
$84
$29
:
—
31%
98
98
.1953
$95
100
Danzig Port ft Waterways—
A External 6%s
stamped
1952
ALima City (Peru) 6%s stamped.1958
$20Mi
203/4
27
32
*19
20 Ma
20%
23 Ma
Extended
1969
Bonds
Low
High
-
Consol Gas El Lt & Pr (Bait)—
1st ref mtge 3s ser P
1st ref mtge 2%s ser Q
Friday's
Bid ft Asked
5s
(Bait City)—
mtgs4%S-..
......1954
.
Maranhao
stamped (Plan A)
Interest reduced to 2Me8——2008
Delaware Lackawanna ft Western RR—
AMedellin
Lackawanna of N J Division—1993
Jf-S
70%
mtge 4s ser B—.—1993
MS
$37 Mt
1st mtge 4s ser A
1st
—
Eastern Gas ft Fuel 3MaS__
Elmira
.
~
Water Lt ft RR 5s
1965
_
gs stamped '—Vn.
A General
1961
.
mn
Green Mountain Pow
Guantanamo
West
ft
6s
series
39
39 Mi
49 Mi
—
J-J
Jan
5s
105
1073/4
125% 130
■
$72 Ma
7374
110
6OM1
62 Ma
107 Mi
109 Va
104%
71
103
ARusslan
1951
52
$52
$26 Mi
—
$98 Mi
99 Ma
$-.
42
6%s
•3?>-
:
1919
6%
14%
1921
Government
A5%s
104
104
105 Ma
U'N
$106 Mi
1053/4
1083/4
-
stamped
7
14
105% 110
$105% 110
$103 Ma 1033/4
$105 " 1053/4
105
F-A
-1970
7s
Rio de Janeiro stamped (Plan A)
Interest reduced to 2%
2012
1053/4
75
$107
/ J-J
1963
Indianapolis P ft L 3Mis
.
92
A-O
,
1950
1st lien ft ref 5s
—
—
7^
A-O
1949
_
_
—
82 Ma
$106 Mi
105 Ma 105 Ma
—
J-D
_
B
Service
$63 Ma
J-J
Bygrade Food 6s ser A——i..JTan 1949
Indiana
82 Ma
Ma
J-D
1950
.1963
3%
82
—«
1948
Rayon Co 6s ser A
Grand Trunk West 4s
6s
81%
Residential Mtge Bank—
Finland
■
\
$125 Mi
US
•
69 Ma
107% 107 3/4
J-J
—1956
713/4
Mortgage Bank of Bogota—
A7s (issue of May 1927)—.
1947
\ A7s (issue of <?ct. 1927)
1947
AMortgage Bank of Chile 6s
1931
Mortgage Bank of Denmark 5s
1972
Parana Stamped (Plan A) /r n
Interest reduced to 2Ms8^.——2008
•No par
1063/4
n
value,
a
Under-the-ruie sale,
Deferred delivery sale,
r
Cash sale,
d Ex-interest,
Ex-divldend.
x
y
e
Odd-lot sale,
g
Ex-stock dividend,
Ex-rights.
{Friday's bid and asked prices; no sales being transacted during current week.
ABonds being traded flat,
(International Power Seo—
A6 Mas
-.1958
C
series
$40
J-D
■
47
44
(Reported In receivership.
65
A6%s
/
A 7s
(Dec
series
A7S
(Aug
1
1941
coup)_
E__
1941
44
1955
series
A 7s
F
(July 1941 coupon)
_
Abbreviations used above-"cod," certificates of deposit;'
42
45
1952
1952
j-j
1",
60
$42%
50
46
63
45 Ms
,
fEx liquidating cash dividend of $22.50; plus stock distribution.
50
1957
coupon)
-
A7s
%
$.42%
F-A
.1957
■
59 Ma
65
•
60
:?
"cons/' oonsoHdatsd;
tlve; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting
"wi," when issued; ^'ww," with warrants; "xw," without warrants.
woum,,,.enmuIa»
trust certificates;
•;
THE
COMMERCIAL & FINANCIAL CHRONICLE
Monday, August 19, 1946
OTHER STOCK EXCHANGES
RANGE
Friday
Range
tow
T raniut Co
ball
11%
44%
Preferred vtc, .———10R.
Fidelity & Deposit Co—_i———20
Fidelity & Guar Fire Corp
10
New
of
Co
Finance
Amsterdam
.
„
183
Casualty...
183
40
10
.
168- / Jan
404 Jun
183
Aug
58
Jan
300
31% July
70c
Feb
r'54
111% Jan
37
& Co
33%
-47 »/2
•
Central 111 Secur Corp common
Convertible pfd
Central S W
Jan
Util common.
'
Prior
1.30 Mar
51%
50 Va
:
51%
540
47
Jan
54
lien •• preferred——'./
Central
Apr
Jun
States
Chicago Corp
•
Power
&
*
4
preferred
Corp
Coleman
common
(The)
Consolidated
Consumers
Boston Slock Exchange
STOCKS
Week's
Friday
Last
Cq
Sale Price
Low
American Agri Chemical Co—
American
Shares
Copper
197 J/4
Low
60%
sh
87
38% Mar
50 %
65
19% Maf
1,672
185 V8
Feb
62%
220
47%
ISO
30% Jan
43% Jan
20%
125
20
Corp
&
Ron Inc....
...———•
Boston k Albany. RR——^.106
Flour
25% May
Elevated
141% 142%
55
136
Jan
52%
53%
1,177
44
Mar
100
•
78%
80%
572
77
Aug
Edison
Boston
142%
25
Boston
Herald
Boston
Boston si
4
Aug
Ry
Mills
of
Brewing
(Peter)
': -
Traveler
Finance
Corp
41%
General
10
A
Stamped.
59%
100
10% -class D 1st pfd
328
57
91
10
20%
Jan
11%
120
21
Jan
Heln
25
Jan
Prop Trust—
Providence RR
.^—^..100
17%
60
Feb
;V sy4
"'f
10
1
8%
36%
u%
—
_100
prior preferred*—
preferred
—————
Street
Mass
6%
1st
Eastern
Hupp
76
Illinois
Apr
11V4
176
8%
Jan
12%
Feb
28
26%
Feb
42
Jun
loo
11 %
Aug
14%
Feb
Inc
National
•
>
...
Mergenthaler Linotype
25
*
y^
f
.
'
r
United
Motor
Parts
Brick
,
&
Co
Libby McNeil & Libby common
Lincoln Printing Co common
Lindsay Light & Chemical com
Mlckelberry's Food Prod dom
Middle West Corp capital
22 y2
10%
Feb
45
Aug
Minneapolis
Brewing
1%
Jan
5
Aug
Modine
common
Feb
3%
15
3
48
Jan
16
; July
42%
Jan
160
35
466
.
80
Jan
20%
20%
180
19% July
65c.
75c
790
60C
119
100
76
142
290
Aug
127
1,345
6%
-
3%
Machine
4%
60 Va
22%
Feb
Apr
Apr
Feb
30
prior preferred
Mfg
;
;
Securities
*
common.
r
1%
142
Jan
Pressure
Cooker
Jan
common..
Northwest
Jan
Car
„
Oak
Mar
Mfg
6%
Quaker
System
Inc
Jan
37%
150
19
12%
500
11% Jan
35
1,700
32
650
(SO
26%
800
13%
11% May
41
May
15% Apr
35% May
38% Apr
300
24%
Jan
23% July
15% Mar
7,300 '
11% Mar
13
Jan
50
19
*
50
19%
150
45
100
8%
Aug
Jan
33%
10
14% Mar
17%
100
3%
Feb
19%
Feb
Serrick
Aug
Feb
153/4
965
1% Apr
% Aug
15% July
203/a
117
18 Vb
Jan
Jan
4
Oats
Co.
100
40
31%
200
19% Mar
37
July ; i
May i i
133/4
100
13% Aug
16%
Jan
28%
200
25%
Jun
26
60
23%
Jan
32
Feb
29% Jun
11
11%
3,200
10%
Apr
14
11%
11%
Jan
88
1,250
8% Mar
114
50
108% Jan
127
23
23
100
36%
37%
40 Va
40 y4
100
40%
j
22%
500?,
'
July
25
7
Jan
340
39
Mar
2,783
49% July
Jun
82%
305
78% Jan
473/4
100
46%
73%
109
64% Mar
59%
186
91c
950
21%
21%
63
30%
Jan
58% Aug
Sinclair Oil Corp
Apr
12% July
46
Jun
53% July
24%
;35% Aug
38% July
47%
40 V4
Jan
114
37
Fe'j
H'
Feb
j;/
Aug
Aug V
32%
300
28
Mar
18
18%
300
18
Aug
24%
Jan
44%
10 •;
33%
900
36
Jan
49%
Apr
9% Jan
12%
Jan
9%
•mm.
150
33%
31%
17%
18
350
16%
18%
18%
18=/4
buu
31
1,050
July
May
37% July
20% Jan
Apr
11
11%
500
16% Apr
11
Aug
55%
56%
100
33
Mar
11% Aug
59% Aug
25
25%
2L
Feb
39% Apr
11
'
'55%
5
Spiegel
Apr
Inc
common
49% May
St Louis Nat Stockyards cap
79%
Apr
Standard
83%
Feb
-
Aug
2%
Jan
19
Jan
23%
Jun
Standard Oil
63
49%
Feb
May
Sunbeam
33
30% July
66
39%
Standard
Jan
-.20
Corp
6%
1
12%
12%
20%
Jan
Jan
28
6
Jan
900
12% July
800
14%
47%
Jan
Feb
8%
37 %
Feb
Feb
49% May H
45 v July v
39
39%
150
31%
2,200
18% Feb
33
33
1,900
25%
Jan
40
57%
58
290
51 %
Jan
61% May
893/4
91%
600
79% Jan
—
■n
38
Mar
^
34% July
May
97%
Feb
Westlngbouse Elec & Mfg—.
Common -
Friday
Week's
Range
Last
Sale Prico
Wieboldt
Sales
for Week
of Prices
Shares
tow
Abbott Laboratories common--*—*
Rights
Admiral Corp
common
Allied Laboratories
Pub
Az
Associates
5
21%
125%
Washer
„_8
3
Bastian-Blessing
Mfg
Btnks
Borg
Cq
wi
common...
common
10
———L
:
;
*
Co
■
'
,
American
see
•
100
10%
300
19
125% 125%
30
.
16%
5
58
15%
15%
'
200
800
1,800
50
300
7
6%
7
200
9%
9%
9%
800
124%
Aug
Jan
Mar
Jun
185% Feb
12%
4
47
15
,.
Jan
Aug
Mar
Mar
5% July
9%, JuJy
20% jan
Feb
25 % May
134
Feb
20 y4
H
V I}:
" 1
.
V'V
1
..
page 989.
•'
'
r
1
fc*
'
Cl
7:
m
~~
?">
'
'
84% Jaa
"
800
300
v
-
46%
473%
25
—
r. 11%
,,,1
15%
••
««■ —
"".200
25
r
.
,
200
25% July
ixw:
900
13% May
16
200'
20%
7%
—
Farnsworth Television &. Radio—__l
Electric
General
ry.
20% July
26%
Cl
1% July
17% Feb
Jan
:
Co
•
Apr
Feb
ioo
1
9%
Corp
common
45%
•r;
•
Jan
30% July
Nash-Kelvlnator
15%
Jan
22
New
50%
46%
Martin
(Glenn L)
Co common
Corp...
York Central
RR
North American Co
—
9%
500
61%
Feb
10
700
13 V*
Jun
20%
Feo
y*
r7V,
.
1,3Q0
•
.
8% Ijay
^ Jan
25% Jan
44
1
;
{——8
capital
•
~7%
Laclede pas' Lights—"-■ 4
20%
59% May
46%
•
Iron
15%
Feb
18%. Apr
•..<r.v*-
45%
Motors
Interlake
49% May
Feb
100
5%
19
41
f
M
16%
50%
Jan
—*
—*
j
Curtlss-Wright,
Jan
21%
v-
May
"
13% May
'
28
-
5%
18%
40
«
1
—
Continental Motors
15%
■■
'*
Columbia Gas & Electric
14% Feb
40%
21%
9% Aug
5%
—
Graham-Paige
40%
100
Jun
8%
19
10%
18%
Rolling
Certain-teed Products
18% May
7% Feb
Aug
48
800
'
J99% May
58
fJan
14% July
10%
.1
Mill
10
Anaconda Copper Mining
—.80
Atch Top & Santa Fe Ry com
100
Bethlehem Steel Corp common—
43% Jan
14%
39% Jan
33
800
5
Radiator A St Ban com.—*
American
27 V8
5
,
footnotes
9
capital
Alleghany corp
16%
common......
'
■
30% Aug
100
15
Unlisted Stocks—-
Jan
Aug
% July
12% Mar
Corp
■
320
1
l
Corp
capital
Borg-Warner Corp
For
am
82%
31%
40
14%
common—.—•
Machine
1
Brewing
Mfg
(George W)
1
Rights
Co
•
22%
58
4
common
Berghoff
% Aug
13% Aug
11%
21%
4%
common.^..*
Aviation Corp (Delaware)—
Belden
70% Aug
9%
15%
Athey Products capital
Automatic
150
198% 198%
v
1
Co
9
41%
*
..100
Co common
Investment
9
capital——100
,
c%
13%
*
I
preference
Oa enmmnn.......
Asbestos Mfg
-
1
—...
common
Serv
American Tel St. Tel Co
Armour
LOW
70%
ciVt"~ 12,000
13%
.100
■
Advanced Alum .Castings
Aetna Ball Bearing common
American
High
70%
—
——-.t—_
—
30%
40
*
common
Bankshares
Yates-American
Ranfe Since January 1
v<
30%
-12% •
Inc
Stores
Wisconsin
•
10 !i;
20%
20%
v
¥'
.
33%
■
; ;
17% Mar
57%
n.,—*,
.,.r
m,
45
25,
33
common——1—6
Sfeel copfuhon^.,-...,,
400
35% Apr
.
27%
...
cqnpaioq—«-Q°
208 South La Salle Street Corp com—*
U s
80
100
31%
*
common
800
'
46%
capital——-—10
Bundstrand Machine Tool
(The)
44
26%
'6%
6%
Forglngs common
of Ind
«...
———11
-—:
—
41
26%
41
*
preference
Dredge
Common
Trane- Co
STOCKS
U
18 % May
85
90c
'"•-15
31
102%
; \
May Hi
Apr
43%
1
Lathe Works cap—
Bend
90
».«•
'
South
my2
32
.
1
*
*
zSociety Brand Clothes com—
11
40%
109
f:|-
May
May n
16
XI12
36%
•v
*
80%
109
class B common
Shellmar Prod Corp common
Signode Steel Strap Co com (new)
,
25%
«...
common
Corp
;
79
114
Sangamo Electric Co common—
*
Schwltzer Cummins capital
1
Sears Roebuck & Co capital
—•
23%
7
36
28%
RR capital
—50
Cblo common—1.,——20
Serv of
700
90c
«.-
7% Jan
500
—
10
1
78%
I
A
Feb
82%
Warren (S D) Co^.i.4i
—„
Westlngbouse Electric Corp
12%
12% Jan
Feb
14 V2
•
class
6%
473/4
...
14%
200
May
21% May
58% May
13%
100
Switch
47%
320
1
150
250
9
c6%
11%
preferred
Elec
2%
583/a
12%
30
Jan
c6%
11
35% Aug
3% Jan
53
58%
22%
Jan
Mar
31%
2 V2
125
15%
'
27
25% May
26% July
July
July
——
Peabody Coal Co class B com..
Aug
2% Feb
Pennsylvania
513%
Smelting Ref & Minl.l*u—i
Venezuela Holding Corp.i—
6
20
300
rnmmm
common
Pub
15%
—10
13
280
44
500
*
Nunn Bush Shoe common
Apr
513/g
h-*'
400
15
80
*
Apr
15%
—23
22%
.8%
«««•
.20
American
47%
•
^
23% July
79%
«...
-.2
common
North
Northern 111
16
A
9 8
Waldorf
3
Drug Tnn
common...™
250
X33%
424
11
preferred ——*il—i—
'
19
r-
Corp common
Bancorp common
Apr
35% July
Co——
t7 S Rubber
Jun
24
19%
--
1,142
39%
40%
y_1T.'
10%
17% Feb
45
«...
Muskegon Motors special cl A
Nat
Jan
25% Jan
132
15%
15%
,
-TO
*
May
100
700
12%
«
—
Apr
79%
Jan
20
|nl:
Inc
Apr
8
8%
22%
25%
.10
:
common.. -.1
Co
4%
%
Aug
May
34
24%
«...
12%
373/4
2%
33
Jan
31%
...
vtc—-
common
15%
%
100
-
_
255
33/4
Jan
27%
'
$1
1.4% Mar
58%
Feb
;
75C
1,015
15
—10
pfd
6%
41%
36%
25
16%
50
49%
Moproe Chemical Co comipoh—
*
Montgomery Ward & Co common....*
Rights
Jan
58%
18 y8
40%
37%
Apr
550
28
—
1
50
,
1,610
12%
33
I
Miller & Hart Inc
Feb
Apr
25
37
•
861
•
17%
27
31
8%
12%
...1
2,236
1% nm
«!.«.
8%
—'1
5
'
25% Jan
22 y2
22%
•
common
Apr
Apr
20% July
20% July
44
—
•'
common
45
10
30% Jun
12%
•
38%
47
42 V2
Feb
21%
....1
5
Univ
Ext
Jan
Jan
17
23%
1
Salle
14%
Fed
27%
8%
...
pfd—:
Feb
May
24%
50
21
21
•
common
14
27
10
51%
139
_
100
,
14
Prod
,
22%
—
1
capital
Pneum Tool (new).
70% May
44%
17
'
1,150
'
49% July
27%
8
Co
Steel
25
!__5
Harvey Inc common..:
Corp common (new)
695
120
4
20
,-r'iyr
,,
United Shoe Mach
400
mrnrnm
•
405
40%
—50
rTl. \
Fruit
22%
Marshall Field & Co common
73
*
nnitud-RfiVftU
21%
Apr
23%
140
•
_____
Elec
100
41%
108
119
—
RR
Tnrj-lngtnn fin
22
Jan
70
1%
AssoHatinn
Suburban
22
10
Jan
Feb
23
•
-100
Webster
St
25
25
8% Aug
4J /July
64
July
70c
IlOO
Quincy Mining ^
Stone
37%
25
46%
46%
"^««
1
Colony RR
Folding
8%
37%
46
73
Cos
Pacific Mills common.;
Reece
8%
37%
•
Drug Co common
Kellogg Switchboard common
Penn
Rutland RR 7%
79%
•
Jun
120
23
'
North Butte Mining—
Rhnwmtit
9% jun
64% July
8% Aug
50
95
9
—
«-M
1
-
-
New England Tel & Tel—
Reece Corp
700
La
'
100
England Gas a Elec Assn—
5%% preferred
—.—
Pennsylvania
100
68%
•
New
Old
10
65%
55
1
353/4 "
18%
r-
—.
Inc
Assn
•,«.
70
173/4
343/8
.3%
..100
;
8%
573/8
«...
^
Service
75
4%
—15-
Maine* Central FtR commons—
National
16%
10
65%
36%
««.«
—
Rac'g
Jan
45
36%
*
*
winfttnr
12%
46
■
,,
Copper..—
Narragansett
6
62%
*
Z
200
...1
Brewing Co G capital
Warrants
91% May
34%
—-•
.
13
I
common
Interstate Power $6
104% May
Feb
34%
•.
preferred
Jan
70
104% 107
34s/8
—
Loew's Boston" Theatres
5%
99
25
...
Stores.-—r———
Copp«i
100
—1
Hathaway Bakeries class A—.
p
Royale
101
77 y4
173/4
*
Gillette Safety Razor Co^
Kennecutt
105
».
common
Service..
Class
(H W)
Werner
Leath
General Electric
Isle
101
6
100
Assoc
Public
Engineers
First
Lines
Group
Co
Indiana
Ry—
preferred series A—**.
SS
Employers
200
12%
•
20% May
Jan
77%
—»
:±ii.———— *100
Common
47%
12%
LlQ
Katz
4%%
Eastern
46%
81/4 May
12'A Aug
27% Apr
1
56
262
Eastern Gas & Fuel Associates—
6%
150
Heileman
Aug
Aug
11
July
16
Aug
16j/2 Aug
20
36
,
3,100
100
Motors Corp
conjmon
Refrigerator Co common
Gossard
Jun
45
Indep
'
800
11%
12%
1
Hubbell
Boston
Hecla
21%
25%
Jan
20
16
&
Apr
4% July
48% Jan
10%
common
Gibson
37
(stamped)—100
Calumet
100
1V*
common
Corp
Gillette Safety Razor common.
Goldbjatt Bros Inc common..
140
Boston Personal
Copper'" Range .Co——
450
105%
25
Jan
12
12%
46%
a
Apr
10"'
11%
5%
20
1,250
100
«...
25
10
July
60%
10
5
290
16%
11%
Inc
Auto
55
44
.59%
45
24
15%
5
*
.5
Great Lakes D & D common..
7% pr)or preferred__„—..—10Q
5r/0 i class A 1st preferred—
16%
_1
-
Corp.
150
KR—-
Maine
42
24
--
-r
■
,
■»
class
America
Drive
General
86% May
50%
*
Preferred
Bird
50'A
A
(The) J.
Util
Fox
70% Jun
51% Feb
20
Paper
Inc
Four-Wheel
Jun
200%
60%
35%
23
50
common new
Electric Household
52% Jun
58% Feb
47%
vtc
21%
35
22%
part shf v t p B
Eddy1
High
.
47%
197 Va 199
part
211/2
l
partic pfd
Domestic Industries
Range Since January 1
High
50%
Woolen
Anaconda
—
vtc
Dodge Mfg Corp
47 y8
100
luu
fei—:
Co
113..
119% 119%
25
common..
Common
for Week
Of Prices
Par
Biscuit
113
5
L„n...;fr:
Inc.—...
Common
Rales
Range
•
...
Commonwealth Edison common.
Si
116
•-,»
Chicago & Southern Air lines
"*
Chicago Towel Co conv preference...*
Chrysler
Te:
3%
19
121/4
T, <
Eight pfd
common
Convertible
•
,<
American Sugar Refining com.
109 % 1
goo
Preferred-_'
116V2 May
95%
,
Amencan
109%
1
j
—.
■
114% 114%
Central
Baltimore Transit Co 4s—*.——..1970
10
__10
(A M) commop„
Illinqis Pub Serv $b pfd
Central
313 »/a Aug
Mar
.__i
-
:;r
55% May
300
V
3
220
1.00 iu,:
1.00
Oil Co
—25o
Ry.;..,-———50..
O S Fidelity & Guar
50
Feb'
28
—13%
Brothers
Castle
13% May
'
for Week
Shares
Low
•
'
common.
Corp
Butler
31% May
28
164
'M
32 %
32
2
240
Ring
Burton-Dixie
yBUlh
f..,r
Jan
4% Feb
300
..
.
313% 313%
North American
Northern
11%
40
25
540
44%
183
40
class A—..20
Amer
26%
43%
v 10—•
common
.
Low
High
26
Fence & Wire cl A pfd
Piston
Burd
Sales
Range
of Prices
Par
Browq
Range Siqce January 1
Week's
«
Sale Price
Sharet
26
Friday
-/Last
.
for Week
of Prices
——.—;—-——*.
16
8ales
Week's
.
Last
Corporation
ENDING AUGUST
Exchange
Rale Price
Arundel
WEEK
STOCKS
Baltimore Stock
STOCKS
FOR
20 3/4
400
23%
33%
23%
200
35
33%
•10Q
37
Jan
,
Apr
'
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4517
164
OTHER STOCK EXCHANGES
RANGE FOB WEEK,ENDING AUGUST 16
,
-•
Last
Motor
Pan Amer
Car
Airways Corp.
Paramount
Pictures
Fepsi- cola;Co...
I
i:«
Inc
new
July
33% July
30% July
com.
C
'
20
20
-
,■,'
>3
f:
<
y
,
'
t
New York
'
/"
V
J
">
,
'
m.
mm
Members
•
Detroit Stock Exchange
Stock Exchange
-
Feb
Neyr York Curb Associate
;
Chicago Stock Exckangf ^
28% May
Jan
•;
19
Jan
v> 28 :> Apr
40% July
Ford Building
DETROIT
Telephone: Randolph 6530
v-*.
Soqony Vacuum Qil On Inc—^
:
otttuaard Brands commonj
;
Standard tpU of n
V
Standard Steel Spring
Studebaker.Corp common__.^_i__
Detroit Stock
sunray Oil Corp.-.—...„..w.
'j11 a," y
' jV, ; c }\ '*;/J •; % t ,'-V! \
i-'
i United Cprp —
■
l't
V,
1
r
,
■
6t
,
July
30
Radlo-Kelth-Orpheum
Republic Steel Oorp common...-.
y
Peb
13% July
Corp or America common^..
rtaaio
'
37% July
56% Pete
•
Watling, Ierchen & Co.
v
Pullman Incorporated
pureYQil oa (The);mnoiu^.
I
High
10% May
32
; Apr
38
Aug
17 Ya
.
.1.
4,1
Low
8% July
-0A
...-
r.
.,
Range Sine# January 1
Shares
High
8%
8%
_
for Week
Range
of Prices
Low
Packard
*
Sales
.(Friday.-week's
Sale Price
,
U s Rubber Co common
Exchange
;
Week's
Friday
Last.'
Y
-Bongo
.
SaloPrieo
»Bf '
Allen Electric
Brown,
_1
McLaren
5,
3
' 3%
3
Davidson Bros
Detroit
&
Cieve
Detroit
Week'a
Range
Friday
L»»».
-
Sale Prise
Par
'•
American
-26
i; Baldwin
—8
l[ Beau
4%
•
23%
100
20%
-
11%
il%
1% Jan
100
17%
10
Jun
25
Jan
12% July
11% Aug
400
m**-
Finance
General
Carthage Mills
•
:
85
—
85
19
85
•
Churngold
19
30
—3
M
2% July .v'H'.
175
.•
18% Mar
.,20
.
...
Motors
.10
Mar
4% Mar
15
—1
—1
7
-1
—
'
\
Jan
4
16% May
16
Mar
13 \ Jan
23
July
16% Feb
7
—
7%
;
•
60
'Jan 1
V Sfc 8% Jun Y
64% July YY.
Jan
5';'
800
10%
9%
9%
40
2% Mar
Feb
July...
Feb
Apr
July
Jun
Feb
12% Jan
14%
100
?1
;
55Q.
13% 13%
100,
66% 68%
650
7
7%o-; 2,570
66%
,
Michigan'Die Casting
,
Mar
33
Jun
23 Y
16%
6%
88
33%
81
6%
.
,
20%
—1
Brewing
21%
/
Aug
13% July
6% July
25
Jan
14%
•
,
..
Gerlty
Graham-Paige
A
"
Goebel
__
*,
18%
20%
13%
r, .11
w
Manufacturing class B__.
General
18%
20%; ,, 175
,
•■.fe.'C;'.
13%
'
2.00
.10
6%
;
8% ;6%
1,335
J20
; wr
26% 37
; 1,948
—232% 32%
323
17
17
150
-1
5%
5%
5%
200
2%
3
i
'->;Y 500
■
Bigh
7% Feb Y
5
Feb :
4% Jan
—
Ale
Gemmer
_10
100
550
—
Gar Wood Inc
46% Jan
6
Mar
40% Mar
162
common..
Corp
Motor
Truck
Frankenmuth Brewing
Friars
-High
Low
42%
4%
__
_L..T!_„—.
Brummel
41%
42
Range Slnee January 1
Shares
Bigh
Low
Laundry Machinery.
f j American Products ..I
;
Steel
Federal
for Week
af Prices
NaTlgaUon..^^,
Edison
Detroit
K Sales
*
—
**-<
Range Since January 1
Low
o
,
*
Burroughs Adding Machine
Consolidated Paper,-
Sales
for Week
Shares
Hiah
Low
V-
t
....
of prices
1,015
Marlfl^ 8% Feb^
•.<' 6
-y
9% Aug
15% Jan;;
<
■
] Cincinnati Ball Crank
I'! Cincinnati Gas & Elec pfd
...5
10%
219
110% 110%
27
9%
__
110%
.100
Hoskins
Mfg
Hudson
2%
Motor
20
Car
27%
..60
;5.j Cincinnati Telephone
Cincinnati
Stock
Union
Yards.
17%
16%
-50
791
104 % 105
__
...»
13
13
•
50
Kinsei
Drug
Kresge
1
Eagle-Picher
Early & Daniel preferred
i
Formica
?;
Hatfield
K-
Hobart class A
...-
preferred—
Oil
National
....J
L
Leonard
'
l..
Peninsular Metal
I- Lunkenheimer
1 f. National Pumps
Preferred
Procter
[' Rapid
U S
•
a.
-----
Service
General
35
Motors
i-i
Roller
Timken
28% Jan
9%
t
6%
6"%
375
S
Wayne Screw
6%
6%
14%
875
1,452
•
preferred
Aircraft
700
14%
•
•
"•
4 ;f'-,
Products new com.
4
4
.
20%
5!
2%
8
9 % Mar ' A
56% July
July
" 2%, Aug
23% July
62% Jan
6% May
•
>4
1,800
Jan
17
Jun
• 8%
Jan
,
Jan
s;-:y
1,400 ?";
'
3
8
191
n
4%x
•
11% Mar
'
.'
6% July
Mar
5
250
58%
58
„
1
6%/Au£
600
8
20%
50
...
common..
"
8
...
Shirt Distributors.—..^.
Radiator
"Warier
6%
6%
14%
1
—
,
6%
»
d
Apr
Mar
33
20
13
41%
90
Bearing.i
common
.
6%
;
„
.
569
17%
..
;
'
775
10%
17%
■
...1
4%
,
29
800
209
600
425
6
4%
'
51% July
Feb
COMPLETE INVESTMENT
BROKERAGE
AND
FACILITIES
Member Los Angeles Stock Exchange
Friday
Week's
Last
-
Range
f*r
—
Unlisted Issues
Sales
for Week
«f Prices
Sale Price
V
1
Listed
Shares
Low
Direct Private Wires to
Range Since January 1
High
SCHWABACHER & CO., SAN FRANCISCO
ALLEN & CO., NEW YORK
Bigh
low
'
Akron
Brass
Manufacturing
Alleghany Corp
Coach
fl American
&
Body
^
,.15
Cliffs
1,'S
4y2%
Corp
29
200%
32
26%
501
Jun
Jan
42% Jan
10
Gabriel
Co
i
■
General
Electric
(Un)_-
General Motors
^1
(Un)
Glidden
•
STOCKS
Co
(Un)
com
Great
Towing common-!-'.
Cooperage A_^_:
;' Greif Bros
'
Bros PfdiJ-J....!^
Hanna (M A) VA% preferred.-..
Halle
(
! Industrial Rayon
Interiake Iron
;
Interlake
90
10
68
138
(UnV!.^
(Un).
....
£»
.,v:
*r
&
l
;:
Nestle
S13%
N
;
Y Central RR
A__l!
1_.
(Un)_!__
—1*
i
(Un^i-2-
41
40
13
;
;
Jan
Mar
Aug;;
,
Aireon
Barker
..
" a36% a37y4
al3%al3y4
..
■'£*
'
•:
; 'a37% 638%
^8
57%
;
58%
100
?-
25
Blue
Standard
•
t
U
S
Vlchek '.Tool
Warren
White
,;
;
Oil
of
Ohio
Steel ^common
common..^
(Un)
Tube
2
common.. •
Youngstown Steel. Door (Un)_i__-
footnotes
90%
90%
.
see
page 989,
«
;
*
15
l
Sheet
-101
628% a30
- —
Refining & Chemical
For
101
10
*
Motor
v«iinirstowt)
Bros
Corp
Diamond
fihlftft Oil finrp,
Broadway Dept Stores Inc
19% Feb
"121:
2
^
.
.
;o^29% May
12%
50
'
1 41% May
i 8% Apr
19
Jan
35% Jan
32% Jan
4y8July;
.
Jan
-21835% Aug
35
13 i July
«oa^ ~29% Jan
605
;
.
51% Feb
47%
19 ;
Feb
Jan
40% Feb
63
Jun
-15
4
4%
101
125
155
79%
100
14
5 Jan
4
Aug
215
a35% a35y8
99
a25% a25 Vb
20
30
'97%
Jan
.
-
-
fii % Mar
23% July
44
r
Aug
July
Feb
18 y4 May
5%
33 V* July
16
a807/e
602%
101
Aug
20% Mar
168-
Jan
Jan
Jun
31 i Jan
P3%
V
,
Co
Cora.
100
1
r___
...
5
...
Colorado Fuel & .Iron common
preferred
Consolidated Steei Corp.,
—
28
'
..
Corp
Motor
Foods
Hupp Motor
InternoflSf.
Car
Inc
common—
.
Lane
Wells
Company...!
common-
Lincoln
...
Car Corporation^.-,
Petmlaiini
United
Petroleum
L.I
225
200
,
153
200
210"
^pr
May
.6% Feb
60c
31%
Feb
41
July
22% July
115% July
15
July
20
Aug
406
22%
a66%
a66%
32%32%
*
6%
4i%
32o
l
2.10
'
218
383
3,800
8%
35c
50
655
200
1,300
8,100
»
.
79% Feb
38% Jun
;Y
20
395
22 y4
200
2.15
7,283
27% Mar
Mar
loo
•
27
July
,
'50
May
10% Jun
1.53 Feb
42c
Jun
20% Jan
Jan
ay# May
1.05 Jan
20c
Feb
17%
Feb
23% Aug
1.15
Feb
Jun
1.95 Jun
33
Mar
1.35 Mar
'25
Jan
19% Jap
15% Jun
83-
,
Apt
2.70 Jun
64% July
1.25
2.00
,16
•
Jan
218
106
1.60
22%
!1
355
Apr
12% Aug
8
AP'
20% Feb
Jun
13% Mai:
80c-May
280
90
32o
19 y2
20
__
S3y* Jan
a68
Bya
10c
-
»1
32% "
.1.20
).?0
-
45% Feb
V
Jan
58
489
370
a,27yaa27%
4iy« 41%
1
14
Aug
Apr
Jan
Feb
Mar
24
927
14%
1.50
1.5Q
80
Jan
May.
Feb
188
S,900
12%
45
33
25
136%
23%
24
Jan
28
Apr
7% Jun
70% May
40
JW
Jan
' 340
.
'
sy8 Mar
48
26
1
41
Jun
1.75 Aug
85
39 V2
14y4
B__"
♦
Co_-i_(—_i_10o ■>''!
Bakeries
67/# Jan
34%
370
12%
370
-inn
Corn
I.
Co
--
^.1
Jade Oil Co
Langendorf
10
58
26V!t
90
Co
-
125
8,26 %r 826%
15 15y4
|3%S13%
1.95 MS
1.95
-
Co!!—;
17% Jah
39 lA
4
5
...1
HiO*
11 y* Jim
3% May
:
Y 26
39%
common
Development
Hudson
Hunt
Co A
1,598
.
.;
.
Farmers & Merchants Nat'l Bank—100
Farnswortb Television & Radio,., ,
v
Fitzsimmons Stores clasp a
1
Motors
1,000
61
a40y4 a40y4
28 Y 28
24%
25
all6V8 all9V2
15y2 15 Mj
f
Electrical Products Corp..
„;'jn ■
Emscp' Derrick & Fqulpment.,..^.
Kxeter Oil Co, Ltd class A.,.
General
S'/a
15 Mi
•20Vi
•
,,
...
allays
Industrie it
Hancock Oil
:5y«
g?5% a35%
a40%
; !
*
5%
Gladding McBean &
135
2,600
2,108
-
!
:
■
Dresser
x"37
1.70
9y2
60
5%
.,
'
..*
Packing Corp common..—.*
Investment
1.40
9y4
1.5Q
.1
common..*
Certain-teed Products Corp
Chrysler Corp
Central
1,200
9y4
54 .
20%
,,45%
53%
17y4
Jun
Feb
Feb
Feb
Jan
4»/8
4
Corp
Jackson
' *■'%? 50
37/b
—
*
common.....
Consolidated
low;
aliys aliy8
37
r
RangftRhiM! January 1
Shares
High
Low
x
Bolsa
Byron
50c
4...
to
California
22 -July
- - -
484
a22% a23ya
a27 f} £^27
YvSparks Withlngtcm prefefred_i.__.100
:
Fetroieum
Barnhart-Morrow
HOlly
v
Mfg Corp........
uauaini
;i09% Apr
-17% Feb
22% May
July
16% Jan
12
846
-
6%
al57/8 al57/s
...
.
j
Brps
6
J.
—•
Richman
19%
s a38% a38%
...*
-50
Republic Steel
-
480
12%
19%
'
—"
Radio Corp of Amer (Un).^-i-.
Y;
?
13y4 Jan
7
155
-
.
43% May
227
~
137/a
19%
6
Pennsylvania RR: (Un)..!
-
13%
105% Jahv
115
1
i
...
100
,
12%
~_K-
Ohio Oil (Un)
V;
125
.
15% a 15%
42% ^43
■
12
Mfg
class
LeMur
100
,
a497/s a50y4
—
a
•
__
{
.10
;. f National s Acme
&
-60
;a51%a51%
..
—♦
Tile
60
80% Jan
Jun
56y4 Jun
88% Apr
77
Apr
32% May
39
Jun
60
Aug
55% May
Sale Price
Fir
Feb
60
'.
Range
of Prices
Last
Creameries of' AmeriRa, fpn
j 1 Metropolitan;
National
30
: i07%107%
Feb
Jan
Jah
Feb
Jan
Apr
58%
22%
30%
53
53%
329
'53% -53%
__
—•
_!
Sessions
28%
«•
—•
—•
29%
35%- 35%
•
-50
'ti- riS;;1
Lamson
,
35%
—*
r.
-
" 29
—*
Steamship
| i Johea<:A»v.tAiiyhiinl.d-i'Li'-i^.i_:.
(r Kelley Island Linie dF Tf^us
■>
-
100
—'•
v
a53%a53V8
■
—
,
—*
Lakes
110
v:._a77y% a77'/s
a68% a70 %
-f
\ (' Gray;1 Drug Stores-,
160
a51% a52 Va
52
64% July
37% Feb a
36% Jan
U-
,
•f.rJ.*/.
Sales
for Week
Week's
Friday
15% May
Jan
45
%<0,,
■.
..
Jan
10% Jan
<
169
a67% a68%1
-
--
..5
Goodrich; <B;
Goodyear; Tire & Riibber common....*
;;
120
*
a46% a46%
10
~-.-^..
General Tire & Rubber common
:■?
a 14% al5
^
•
x'
v
Street—LQ$ ANGELES 14—TRinfty 4121
May
104% July
113% Jan
34% Feb
60
May
Feb
96
109%
4
Y: .'i / " 1' *z.
i
Jun
108
22 % Aug
50
166
a56% a56%
Jan
West 7th
210
25% May
Feb
105
Jan
I
»
j
29
185%
31
all2
8%
16 % Mar
300
138
23
all2
9% Jun
Jan
'
r'::'
'
•
20
106
23
♦
5
Ilium
25
101% 101%
•
pfd
Consolidated Natural Gas (Un).
|*
20
106
6% July
5%
950
198% 198%
100
*
Cleveland Cliffs Iron pfd
Elec
7
a5%
,
100
j Clark Controller
if- Cleveland
:
a5%
—5
Apex Electric prior preferred
t ■!
6%
_1
Tel & Tel
American
<
50c
(Un)
.cjfc;.'- :'.v
-V
:
Apr »;&?&. 1% Jan;;
vFeb
;r 34yaJun.
3% Aug
' 5
May
8% July :>;y,12% Feb
5% Jan
7% July
36
Jan,
47% Juti
6%May
7
Jan
4
Jan
4% Jan
6% Jan
* ; - 8% Feb
10% July, ,
J3% Jan
.10
Mar
* 19%, Jun
i;
1,670
430
8%
10%:; ,10%
1
1
Investment
United
U
Jan
64% July
44
—-—
—_—
Brands
Standard
Union
26% Mar
10
403
—
Oil
Pure
27% Jan
442
-
City Ice fc.Fuel
?;
,
3%
5%
4%
•
100
45%-46:.;
:v
5 v Jan
3,590 v:H> 2%
6% ,7'
; A
v
45%May
8
Jan
Jan
6% Apr
~ 3% Aug
*
-'550
30
3%
8%
,
Brewing
Udylite
Rolling.Mil]
Coiumbia Gas
■
e%
,.10
.Superior • Tool">-r.y-.'.4,~.^-.rfr
Printing preferred-J
Cities
3%
1
35
100
'
2%
2%
30
i4
^-1
Sheller Mfg new
Unlisted-
';
Products.
Scotten-Dlllon
i—J
American
2%
.
i-.i..
Tivoli
'
3%
...
Prudential Investment,
River Raisin
Gamble
&
6%
+
Park Chemical Co cotnznon^m^,
Parke, Davis
785
40%
6%
3%
.2%
Stamping
300
..
5
Packard Motor Car.
^ "100
._
—1
common
7%
2%
39
39
2
25
200
>
V'
17% Mar
20% Jun
July /„
84 --Jan
13%. Aug14
.Aug
"V. 7
July'..; V ■-9% Feb
-2% Ap*
4
Jan
150
,
7%
-
(Y
250
2%
,
2%
—1
Motor Wheel
Part,
;
.10
Products
—
%
_1
,
Co_._
McClanahan
Gibson Art
t
(S S)
Screw
Masco
7%
—1
...
LaSalle Wines
Insulation
15%
—1
K^iser-Frazer Corp
Kingston Products
194
'
27%
13%
—
•
Cincinnati Street
20%
..
*
;
22% Aug
2.30 Jun
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, August 19, 194$
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING
Last
■i
4%
4%
1,290
72 %c
7%
80c
7%
22c
22C
5,400
HO
3,200
55C
55C
300
1.65
1.75
3,800
1.25 Apr
Manufacturing Co
Company—
Pictures Corp
Petroleum
Merchants
■
322
12
300
"
—
75C
Monogram
Corporation, LtdOccidental Petroleum Corp
Nordon
Oil
Oceanic
Pacific das
6%
...
1.65
Co—--—--————
& Elec common——
—
i
1st
Oil
Richfield
Ryan
Corp
Sears
8%
i
———————
12c
i
i
Union
Oil
—
Company—
18%
355
a23
50
17%
21
r
61
•
766
.
30% Mar
29% Mar
-161
55y« Mar
860
42y»
10%
802
7%
22%
18%
18%
■
150
1,598
a50a50>/a
•
—
'
16%
Feb
-
July
Feb
Jan
Jun
Aug
May
25% July
21% May
40
25%
5,057
24%
25
650
32%
32%
95
a23y8a23%
50
25%
25
24%
32%
...
Feb
39%
32y«
31%
69%
59%
14 -
72
a20% a20%
—
Feb-
18% Mar
Jan
26ys July
33% Feb
59%
Jun
1.80 July
Feb
969
May
Apr
Feb
Apr
20%
Feb
391
22%
■
*18%
Pfd—
-
r
10%
22%
f Western Air Lines Inc
Mining Stocks—
.
Jun
Mar
58%
•
10%
—
1st
'
Jan
8c
19c
37%
—
Fix
&
31%
11,450
30%
California
Shwcse
.
^9,000
1.40
.
18%
58%
Universal Cons Oil Co
Weber
•W
,
I4e
31%
■
Co..—
Coal
of
lie
37
Transfcon & Western Air Inc_-.——
Trbux-Traer
Jan
Jan
31%
Corporation
Ttansamenca
36y»
53 Vz
200
34%
49%
65
39%
16c
25% Feb
541
37
O.—iiv.:—.
Inc
Textron
Feb
Apr
.161
30%
' 30%
H-•; •' 61
Standard Oil Co of Calif
■
Jan
7%
60
31%
Sunray Oil Corp—,.,, r,
:
'
.679
Pacific
Feb
8%
14%
a23
'Compatfyi^-.'-i—
Southern Calif Edison Co Ltd com..
Southern
59
29%
1.20
—
45% Jun
45% July
40% July
64% Jun
11% May
20y» May
10 ;Feb
Jan
Apr
43%
-
1.40
Signal Petroleum Co Calif
Sinclair Oil Corp—«
preferred class B
5%% preferred class C
41
39
Apr
Jan
2.70 Feb
42% Feb
60
"
Sierra Trading: Corp-i———
;
75c
7% Aug
124
^ 36 % ;.. $6 % W %
Shell Union Oil, Corp..——
Solar Aircraft
Mar
s
29%
-U
Jan
Apr
45c
Feb
43%
29%
Apr
Jan
July
17c
37c
100
8ye
Aug
1.75
8%
97 %c
10%
37c
1,910
■
399
:
225
Jan
97%cJuly
4% July
616
201
,
9%
18%
9
Company——
Stores, Inc—
Roebuck d^vCo——————i
Security Company
18%
200
250
,
40%
64% a65%
a
9
^
Safeway
:
,
44 Va
45%
;
40%
—
,
common
Aeronautical
45%
40%
Pacillo Lighting Corp common
Republic Petroleum Co common—
;
44 %'
.
>
preferred ——
—
preferred———.—-
1st
5 y2 %
42%.Jan
27% July
31
225
1.35
31
225
.—
High
Lois
High
225
—
Investment Co.
Philadelphia Stock Exchange
Range Since January
Sharps
1.25
Lockheed Aircraft Corp—
Mascot Oil Company.—
Menasco
tot Week
'-Range
of Prices
-
to to
Los Angeles
Sales
Week'#
Friday'
Sale Price
AUGUST 16
1
Pittsburgh Slock Exchange
Alaska Juneau Gold Mng Co———
j- Black Mammoth Cons Mng Co——
Calumet
Gold
Company—.
Mines
Week's
Last
Unlisted Stocks—
.100
American Tel & Tel Co
—
17% Jan
23
Feb
'a62%
a62% a63Vb
66% Mar
68%
Apr
al97%
al97%al98%
186%
Feb
198
Aug
a46ys a47%
43%
Jan
61
Feb
-50
Copper Mining Co
__
—5
(HI)—
Armour 8c Co
15
15
Atch T & S F Ry
.100
Aviation
—3
9%
Baldwin Locomotive Works yte——.
.13
a30%
Barnsdali Oil Co-
-.5
Co
Corporation
12%
16%
all3%all4%
..
9%
109
Jan
Jan
18% May
119%
Jun
Jan
14% Feb
30% Mar
22% Jan
38% Jan
30%
Apr
49 ""
Jun
50%
Apr
98
Feb
112%
Feb
33
Jan
9%
9%
Allegheny
Ludlum
Blaw-Knox
Clark
Star
Aviation
Bendix
Corp—1——.
Bethlehem Steel Corp.—
..5
—.
& Borden Company
Railway Co—
a30
..
-25
18
17%
Caser-J-F
..25
—
a 47%
—*
—
Canadian Paciflo
Service
Cities
Columbia
Gas
Commercial
v
'
Electric
&
—•
Commonwealth & Southern Corp.
Cons Vultee Aircraft Corp
-1
—..
Continental Motors Corp
..
4%
—
—
(B
F)
4
' 5
23"%
40
National
Supply
San
150
535
28%
28%
&
45%
Bolt
—*
New
York
Central
1
Packard
United States Glass
common
v
a34%
63% May
22
May
20c
July
80
Standard
Oil
Co
Standard Oil Co
:
Members
New York
v"
•
17%
—♦
Last
37
A
I25
——
Aloe
S
Bank
"'\17%
Tide Water Assoc on
•
IB
Falstaff
Huttig S & D common
Hyde Park Brewing common
a46% a47y8
a39%
20%
•
-r' '33'
,
33
—*
Hydraulic
•
,
-10
Union
100
United Air Lines
United
Co__
Inc_.._.
——
Aircraft
Corporation
United Corporation (Del.)
u S Rubber
Company.—..:
U
S
Steel
--
.10
:
—5
—
28
23%
al49%
—.
-5:
v;
-
28
al51
^28
%
10
a9l
—,a46% a46%
Union Tel Co A———..
see
23%
a42% a42%
a88%
Westinghouse Elec 8c Mfg Co——i
Woolworth Company (F W)
For footnotes
Pressed
Brick
30%.
a54%
41
41
—
*
45
•
«,•
<v
10
45
Aug
30% July
17
Apr
July
35ya Feb
24
Feb
22
5%
Apr
41
Aug :
5% Aug •
43% Jan
18
45
Aug
f Jun
27% Jan
20% Jun
31% Jun
32
Jan
21% Apr
22 Yt Mar
60
-
24
20% July
12
50
45 Va
45
,
•?
25
470
27%
5%
common..100
International Shoe common
Shoe
1
warrants.—...—
Key Co common———-————*
Laclede-Christy Clay Prod com
5
Laclede Gas Light common.—.—.4
.
60s
17%
7%
--
.
18
7%
24
60
85
111
10
„
•*
,
52% Jan
8
\Jan
Jan
50
Mar
6% Jan
23
Aug "
,_194
.
Aug
Jan
Jun
9% Jan
65
Apr
15
450
11%
23
23
288
65c
-
11
17%
7%
--
a34% a34%
30% 31%
a54%
a55
Mo
Portland Cement com
—25
Aug
,
15
27
.
.
28,
Mar
Scruggs-V-B Inc preference.,—100
Sterling Alum common^.-—--——I
Stix, Baer 8c Fuller common——10
Wagner Electric common.—
—15
::-:';:lJnllsted-^'.:; J
; -.
■
.;
-i *,
<%.i
.
53
,
25 Ve
41
31%
90
27
41
51 :
;
33
53%
JO?
33
•
90
28
46
47
19
^
4
common—^ ' 45% 5
,45% :.46.%
General
common—-———10
66%
I
v
66
,
j
,
62'/a
„
,
l?0
18 %
.
..
•
31
Jun
59% May
Jan
Jan
42% Mar
\.,;/*I644>
:
46 % Jan
'35
Jun
91
Jun
Jan
32
111
-
Mar
85
•
■/.
General Electrio
Motors
1,171
s ;
5
60
•*
371
30% Jun
24% Jan
35 V» Feb
105
25
25
Rice-Stlx Dry Goods common
St Louis Pub Serv A common—;——1;
page 989,
41
,
Jan
Mar
105
25
31
—
;
—1————100
8
35
55
20%
26
—
-
22
50
31
27
26
High
215
10
20%
26
—
1
5
4
Mar
alll% all2%
a73% a73%
...
Corp
Warner Bros Pictures Inc
Western
—
Laclede Steel common———20
—alll%
Railroad
a53% a53%
23%
Union Carbide 8c Carbon Corp
Pacific
common
,
30 ?Aug
15% July
Apr
11
a39%a39 %
a65% a65%
a53%
Brewing
Preferred
20%
—
—
common.—--—4
Electric
Emerson
a45% a45%
Low
25
90
81
40% 4iy8
22 f * 23
31
31
20
20
—
common.—.——1
common
...
5
Brewing
»10
—
Range Since January 1
High
30
: 30
13% 13%
—
Mfg com new.———V'
Columbia
s—.^a77% a78%
-25
;
common.—-—-—1
a58% a58%
v"
Low
—
Bldg Equipt common————3
Shoe
common———15
Burkart
Johansen
I
Texas Guif Sulphur Company.;
..—5
common—:
Inv
American
Brown
Co
Salea
for Week
Shares -
of Prices
v
37%
Exchange
Week's
Range
s
far
38%
-.
-
B®11 Teletype 8L SSI
Friday
9
\88%
—
—•
QEnfaal 7S00
^
Associate
SI. Louis Slock
a62% a62y8
—
.'
m
Co
•
Chicago Board Of Trade
Curb Exchange
STOCKS
a42% a42%
'
—
—
Swift & Company
Texas
York
a38
'
.25
—
i
St. Louis Stock Exchange
New
23
8%
"
—
"
Missouri
4th St., St. Louis 2,
Stock Exchange
Ohioago Stock Excb.
Coca-Cola Bottling
-25
Inc....:.
Jan
80%
a36%
8%,
1
—•
(Ind).
& Webster
Studebaker Corp.
Jan
Jun
St. Louis Listed and Unlisted Securities
Sale Fries
-15
(N J)
Stone
30% Aug
Apr
Feb
14% 14%
a33% a34y2
—
a34%
,
..
28% May
46
41%
39%
32% Mar
a35
23
Republic Steel Corp—
Inc
Jan
Mar
40
•
.70
Apr
27% Aug
60c - Jan
Established 1871
,.-j^^#:.Ja27a27.%i
Bocony-Vacuum Oil Co——
Southern Railway Company
5%
I
t c
Jan
14% Feb
10% May
-
Edward D. Jones & Co.
Radio Corp of America--———-—
Standard Brands,
Jan
a49% a49%
—
—*
_
48%
Jan
58y4
—
commpn„. —1
Pennsylvania Railroad Co—
-60
Phelps Dodge Corp—
.25
—
2% May
6% Feb
Jan
9% July
7%
Westinghouse Air Brake.
•
Westinghouse Electric Corp com—12%
22%
58%
—
new
Pullman Incorporated
Pure Oil Co
4%
38% July
100
Vanadium Alloys Steel
al2% al2%
—•
Motor Car Co—1——, —•
Paramount Pictures
22%
—
.18
—1
American.>Co--——; -10
Mar
1
36
22%
North American Aviation Inc
North
13% Aug
1
__5
-
....
al6
36
al2%
—•
RR—
13% Jun
May
•
*
Toy Mining
<
v
Jan
9
*
10
Corp
Manufacturing
6%
10
10
36
—•
Inc—w——i.
July
17% May
46%
al5%
—
—•
Montgomery Ward ^ rv*, t«i»
July
22
a58%a60y8
a58%
Iron
Oorp—
International Nickel Co of Canada. —•
McKesson & Robbins
29
15% Jan
10% Jan
4
Sjteel Foundry com..
a76% a76%
w:
..
i Interlake
Loews- Inc—
Jan
5
a53ysa53%
—
—7
July
a22% a22%
Co
International Tel & Tel Corp
Kennecott Copper Corp
Llbby, McNeill 8c Libby—..,
13
14
24% Mar
50
Feb
Jan
•
300 North
.
Feb
12%
10
Preferred
Ruud
31
12
Gas
Pitts Screw
60% May
Jan
12%
Co
Pittsburgh Brewing common
Pittsburgh Plate Glass
Pittsburgh
Jan
10
:
Fuel
&
37%
22%
11V4
9%
10
Gas
High
50
127
11%
Fireproofing Corp
Oil
26%
*
&. Electric.
National Radiator
Ohio
'
56%
25%
12% Feb
33%
24
24
45%
_•
Graham-Paige Motors Corp——r-, —i
Great Northern Ry Co preferred—; —•
5% May
32% Jan
;a7y«: a7%s
•
—
—•
General Foods Corp
Goodrich
U5% Apr
a24%a24%..
15%
15?*
a35 a35y»-
—.
.
-.5
;
Jan
a35 a35%
«7.%
Electric Bond 8s Share Co——.
,
13%
31% May
4%
-
-1
^General Electric Co
Jun
a35
..5
,,,,/v.r:;ClasS;..;A.,—"I.,.,iiiii, ■■HI ,»i
51% May
78% May
41
a26% a277/a
a26%
—1
Crown Zellerbach Corp:
Curtiss-Wrlght Corp
:
22% Feb
.18
a47%
a35% a36%
Corp— .4»
Commonwealth Edison Co——— .25
-
54% May
a73% a73%
—
Corp——. -J•
Solvents
33% Mar
all% all%
.10
Co
0
a52% a52%
—
Caterpillar Tractor Co—-------
;
a3
a51% a52%
a51%
5
30%
all2%all2%
__
-15
Borg-Warner. Corp
30%
a45 % a46%
a45%
—*
Boeing Airplane Company
4
a30% a31%
__
-.5
Low
56%
*
Candy
Gas
Range fllnee January l
High
*
-
Devonian Oil
Lone
Low
*
Steel
Co
L)
(D
Columbia
Mountain
"
.
8hares
Par
19%
18%
8c Stan San Corp—.— _•
•
American Smelting & Refining Co..
Anaconda
Sales
tor Week
of Prices
Friday
——
Amer Rad
.
Range
Sale Price
Imperial Development Co
Zenda Gold Mining Co-.
;
49% May
J
(Volume 164
Ifl
Number 4517
§ f§§S
I THE COMMERCIAL
& FINANCIAL' CHRONICLE
CANADIAN
RANGE
FOR
1C
Canadian
Week's
STOCKS
$2.50 preferred
y
low
apd Atlantic Sugar A com
Agnew-Surpass Shoe common—:
,
1
19%
Corp
4%%
'7
y/i
t
.
)'
22
,x
*■
:
/
:
27
preferred—»
July
July
22
150
215
247
27
1,045
9
9%
320
2%
28%
98
100
28%
July
July
235
2
*
Simpsons Ltd
Feb
May
27
Jun
new-
•:.-
Southern
105
12
.
102
Jan:
3%
27% July
Feb
Apr
British
Columbia
British
Forest
24
Apr
Jan
Columbia Power
Class B
BrucH
Corp A
I.; 7
y
i
Silk
216
Jun
20'/a
3,035
3% July
27
Jan
5% May
3%
26%
•
1.19
350
3% July
310
19% May
350
23% Jan. "'
210
.
.
27
*
32%
30
5
:
10
30%
3%
30%
Jun
17
Jan
.
Wabasso Cotton
Gold
Dredging
;:-19%
\
29% July
..July
35
;;;
Preferred
Zellers
Canada
Cement
common-*-—-.i,—*
preferred
100
6%%
'
22%
23%
22%
;
149
Canadian Bronze
51
29%
preferred
Canaaian Celanese
7%
preferred
Canadian Converters
74%
41%
class A
Feb
17% July
22%
47%
155
Mar
105
60
21
Jun
July
20% Jan
223/4 May
20% July
68
75
1,306
42
190
40
July
59%
75
Jan
Aug
pfd
Canadian^Ind Alcohol common
19
75
16
Mar
20
35
255
32
July
53
21
22%
560
16%
Feb
20%
20%
21
960'
13%
Feb
30
30
31%
18%
18%
•
Railway——
Cockshutt Plow
35
•
.
18%
19
15
15
•
■
.
: 1,010
29
125
46
July
153/4
10
__
10
253/4
10
38
10
173/4
24%
Feb
105
14% July
19
Apr
78
93%
96%
600
52%
52%
100
Davis Leather Co Ltd class A
Distillers Seagrams old common.
32
32
29
Dominion
41
407/a
Dominion
Foundries
Dominion Glass
&
25
19
102 3%
Jan
48/
Jan
Jan
Donnaconna
Paper 4%%
J- Dryden Paper
5%
34
30
39
Jun
30
July
45%
20'%
310
23
295
28
300
29%
29
July
37%
50
575
47
Apr
Acme
Glove
Works
18%
23
Jun
Auto
Feb
12% Mar
165
10
27%
25%
'
Feo
Feb
Power
&
Paper
Co. Ltd
£ General Steel
Wares common
British
Columbia
Sales
Brown
Company
Jun..
107
Feb
Preferred
19%
Butterfly
Calgary Power Co
Canada
<fc
30
30
Canada
6%
350
6% Aug
6% Aug
5%
6
21%
28% .Jan
109% 110
143/4
105%
125
Jan
•
Canadd
Jan
Canada
11%
11%
16%
17%
15
6%
Ltd
Dominion
Northern
pfd
28%
10%
65-
6%
14,551
81
82%
315
350 /
v
10
9%
175
340
175
34
34%
—
14%
6,165
14%
2,930
35
145
26%
29%
950
39
39
•
common
———————25
Preferred
36%
127
•
17%
International Power
•
57
common
International Utilities, Corp*.————5
(John)
Power
Canadian
Vickers
50
———i
—
„
May
%. 7%
Jan
Canadian
15% Feb
»83/4 Feb
July
Chateau-Gal
17%
Jan
29% Aug
Claude
33
Jan
40
Commercial
May
353/4 July
433/4 Mar
47
Feb
59
Apr
Consolidated Bakeries of
140
Apr
840
16% July
273/a Jan
47
60
17%
17%
58
60
7
Feb
Preferred:
~
1'^ )
V.
«
,
'i.at'.l
i
>
1
191
8
Aug
Feb
5%
Jan
Consolidated
May
Preferred
:
2%
3
191
14
•"
4%
4%
v
306
v
3
1
405
2%
77
•7 2%
3
39%
15
3 Vu
3%
3,070
53
53%
21
2
—
Textile
—
•
—*
10
10
1.75
Jan
160
7
40c
40c
100
40c
5 %
5%
675
7%
500
5
7%
Ltd_*
20%
20%
19%
20%
7
14,028
common
Feb
9%
9%
160
9% July
19
100
18% July
„*
Apr
Dominion
20
30
30
36
25
275
29
Jan
37%
Apr
Dom
•
44
44%
245
3
157
38%
165
24%
21
Jan
60
18%
19%
165
Aug
24% May
23% Feb
Jan
>150
,7
Jan
Dominion
18
25%
29
7/7 -..1,018
14%
Jan
880
16%
Jan
21:;
Apr
26% Mav
%7 >~..-25
27%
Jan
33
Apr
315
29%
Feb
37
12%
20%
21
20'A
37
37
21
37
...
,7,
..,,
..
.
•
5
4
Jan
22% Mar
Jan
17%
17%
130
13% Jan
17
17%
1,260
14% Mar
Ltd—B
3%
4
625
10%
1,180
Fed Grain Co class "A".—.—
•
'
9%
6%% cum red preferred———.u.100
Fleet Aircraft T-rrt '
*
3% July
6
Jan
89
Jan
Jun
Jun
Fraser Companies
22
-
121
3
7%
Ford Motor Co of Canada class A——*
15
121
8%
1,700
24
24%
767
24
July
64
37%
67
1,460
53
Feb
24
July
5%
Jan
253/4 Feb
Hlreat Lakes Paper common.
May
80
30
Jan
56
28% Mar
34
May
♦
30
—
CO O
460
34%
Apr
Feb
45
]. so P 30
-
5%
•
19 % July
4,307
1,380
Aircraft
5%
*
Paper Co Ltd—.
12% July
18% Jun
40
» 7
!,
Woollens
Donna con a
Co. Ltd
Feb:
Jan
15%
18% May
Malting Co Ltd—
Jan
16%
58%
Oilcloth & Linoleum
Feb
Feb
'
Jan
7>.
3.80
Mar
18%
.
...———
Apr
Jun
62
Aug
Hydro-Electric Securities Corp———*
T
National Breweries common
1% preferred
50%
51
25
'l^ '
National
51
51.:,....,
_•
27
26
27
*
30
30
30
54%
56%
34%
6%
34%
55
6%
300
6
Jun
228
50
Jan
83
May
Mar
20
5%
400
5%
4%
8% Apr
4% July
Apr
•
—
Steel Car
Niagara
Wire
Corp
Weaving
Nor an da Mines. I.tri
»
Oeiivie Flour Mills common—
Ottawa Car Aircraft
Electric
Ottawa
Rwys_
Penmans
Powell
•
Price
River
■■
-
of Canada
•
Co Ltd
Knitting
Preferred
Rolland
New
common
—
—,
•
100
—
•i
——
:
44
5
10
7
.v
2,326
7.
82
Feb
44%
,
52
Jan
24
Jan
103
31%
18%:
103
-.105
Inter-City Baking
Inv
May
54
72
Jan
30% Jan
-
35
8%
16.
Feb
103%
Apr
Lowney
35
35
36
Apr
.'13%
14
171/a
Jan
.
'
64%
.102
65"%
102%
21%
"7
McColl-Frontenac
73 % Apr
102% July
22
common.—
—_—
«
Melchers
27
27
253/4
see
page 989.
—
25%
253/4 Aug
*
15
15
104
104
20%
104
Mtl
-'
Jun
Jan
July
12
May
52% Jan
13%
50
5
V*
rP
80
37
12%
12
13%
2,795
13%
13%
13%
600
80
_L
7
60
8%
12
14
July
53% May
Feb
85% Mar
13 Vb
Jan
15
34
44
July
Apr
42
42%
371.;
14%
14%
185
21%
21%
35
29%
30
200
28% Feb
182
101% July
7% July
,20
,
Jan
17%
Jan
13
42
21'/4
Aug
Jan
Feb
21%
July
Jun
39% July
&
'
■
Oil 4%
new
pfd__100
103
104
Limited
com...*
"8%
9%
50
——————3—10
16%
17
175
Distilleries
Preferred
Mar
27
100
...
preferred
footnotes
...
—25
—
Jun
7
"
Minnesota
21%
May
36
28
52%
Teleg & Tel 7% preferred_10
Massey-Harris Co Ltd 5% pfd
100
Aug
17
Jan
10%
30
13%
Ltd—L..—.*
82
Feb
Mar
25
u
52%
Maritime
Apr
75
10
14
V32
—*
MacLaren Power & Paper Co.——:.—*
Maple Leaf Milling Co Ltd com
—*
Apr
81
Co
82
<
14
77! 32
7
preferred....50
common
convertible
cum
Lake St John P & P.—
Lambert
Alfred
Inc..
34% Feb
79%
Foundation Ltd
6%
Feb
79%
,
82
International Paints (Can) Ltd A—*
5% preferred —J2Q
31
Aug
Company Ltd—100
Apr
24% Mar
102
31%
Jun
52% July
30 %
■
Paper common
For
17%
•
preferred
Regent
■
82
493
1,406
•
4
Quebec Power
-
'
common-..—!.:.7—7*
Co—
Bros &
5%
-
:
—..——100
Ltd
Power Corp
.55%
»
Page-Hersey Tubes—
-
V
t
•
•
;/Ottawa Light Heat & Power com--lOd
Preferred
51
Moore
Mount
Mount
Corporation
Royal Hotel
15%
22%
24%
2,765
17
July
14
14
90
10
Mar
30 V*
30 V*
30 >4
1
29
Jan
21
20
15
18
Jah
Ltd
Co
Royal Rice Mills
*
•
21
75%
*
Ltd—
'
+,
7.^.7.
10
80
75%
1314
13%
10
•
10
7
70%
11 %
112
f
150
•
10
11%
Aug
Jan
27y4 May
7 22%
5
104
I8V4 May
——20
Paper Co
•r
Feb
30
Ontario
Refrig & Storage Ltd common.—*
1st preferred
2nd preferred
•-
104
14
Aug
30 %
Aug
22% May
Jan
80%
Jan
16%
Aug
/
Jun
4% Mar
25
•
4Vi
43%
174 7
•
2% July
53
•
—
7
Feb
98
1
Jan
12%
com.—.*
Canada
—
3%
:
*
>
42
7-
2% July
160
156
178
14% Aug
35
20'/a
''
Jan
4% July
190
..
25
I 29%
20%
*
,
July
135
12%
•
Murphy Paint Co common———
——
>
Aug
Feb
25
600
24
'
*
•
———.105
18
28
17%
.
...100
Montreal Light Heat & Power Cons
Montreal Locomotive Works
'r,
:
29%
—•
—
Tramways 7.:
24
.
*
__
Jan
14%
20%.
17%
(Robert)
Molson's Breweries.—
Montreal Cottons common—
Jun
15%
David & Frere Limitee .B.1——
21
lfiril-„*
Mitchell
39%
23% July.
39
Consolidated Paper Corp Ltd
v
7,
May
795
156
common
120 % Mar
30
150
290
Ltd.
Advert
35
Jaii
16%
•
Ltd——i.1
General
Alcohols Ltd
3,486
24%
McColl-FrontenaC: Oil
Wines
Neon
1,809
"
25
Feb:
63
Aug
113% May
19% Apr
:
237/a
com—«
Lumber Co
Co
Jan
; :
Apr
16%
.100
Westinghouse
109 '
29%
23%
191
common
52%
127
fe:
163
.3
173/4
11% May
.
:
7
Apr
16%
4%
preferred
Fairchild
v'"1*
Paper Inv
Ltd
104
15% Apr
50
35%
-100
Lang & Sons Ltd (John A)—
Laura Sccord Candy..
30
42
14%
36
Massey-Harris
•
:
50
42
com."1
.
Jan
July
8 77 Apr
May
"550
Mafcohi Company—...1*, ..—I
&
;
11
56% Apr /
109
27%
*
—
•
13% July
13% Jan
120
57
«
14%
—•
Lake of the Woods Milling common
V*
Canadian
23
15
30
...100
Trust
37%
50
100
International Petroleum Co Ltd
V1,1
Canadian
Apr
;
23%
—>—
:
Feb
28%
Feb
*:.-•.
Feb
July
106
10
27%
Investments Ltd—•
preferred
12%
53% May
225
272
14%
Montreal
Canadian
175 *
Jun
25% Mar
585
7.
-
*
Canadian Industries common
52% July
37 Mi Jan
53
44
323/4
International Bronze
-
165
63
*
Aug
38
53
International Nickel of Canada com—*
International Paper common
15
.
General
Co Ltd
Mar
30% Mar
13%
% j' : Preferred
Fairbanks-Morse
175
43%
———
8% July
75
•
Labatt
Canadian
Canadian Western
7;. Preferred 7-
,
Feb
& Dock
Apr
20% Apr
.
10
July
,■4% July
77
July
8% Mar
20
112% 112%
16%
16%
'
1%
24%
63
*
Dredge
18% Jun
106
23'%
23%
pfd—100
Vinegars Ltd
13
Mar
10%
106
—
106
•
Canadian
Canadn International Inv
9
—
Imperial Tobacco of Canada common_5
Industrial Acceptance Corp com
•
7
.
965
8
15%
Jun
'
*
Apr
7
Mar
July
18% Feb
28
•
7%
12
11
5%
100
Sugar
Power
55
8% Mar
14
25
65
10%
82
20%
July
53% July
345
.
5
11
20
28
6V8
7%
17
47
*
Bridge
—•
Renfrew preferred
100
Howard Smith Paper common
•
$2 preferred
50
Hudson Bay Mining & Smeiting______*
>:
4% Aug
710
225
11
77—
Malting Co Ltd
18%
35
High
6%
>
16% Mar
15
525
Low
121/4 Aug
>
♦
'
1.020
205
•-*'
6
....
4,275
Mar
;:'Range 8inee January I.':>
• j>
9% July
.
Hosiery
21%
...
11
12'% Aug
common
102
13
for Week
Shares
35
B__*
Ltd...—_
184
120
16%
50
Imperial Oil Ltd
Apr
25% July
450
British American Oil Co Ltd..—
120
Jan
20%
Holt,
—--
Apr
39%
12%
——
165
21
Gypsum, Lime & Alabastine____
Hamilton
Jan
Jun
Jun
30
27%
Jan
Feb
July
12%
;;
50
•
Goodyear Tire pfd inc 1927
Gurd ^Charles) common..:
i
Mar
21%
19
common
4
184
•
—
28
28%
12%
A.
Preferred
19%
—X00
«
Bakeries
24
Jan
,33%
High
11
■
General
Jan
•
Feb
24% Jun
SO
.Jan
200
Products class
Belgium Glove
-
t
May
6%
Fabric
Class B
May
32%
23%
200
/
107%
23"
23 %
2,250
27%
16%
*
-
Low
51% July
13% Mar
*
■
45
22%
Jan
Jan
243/4
of Prices
—
*
■
i»J/4
115
Range
*
•
-
16%
1,495
38%
Week'a
Par
Jan
75
104% 104%
*
,
Apr
30
V
Jan
25
25
26
Sale Price
.
July
445
184
pfd.100
conv
Apr
104
27% July
24%
Friday
Jun
19
25%
—100
common
preferred..
23%
333/4
Bathurst
,7 Foundation Co of Canada
'i?|
120
355
Jan
30
27%
Corporation —
Players Canad Corp
Power
30
41
105
Electrolux
Gawneau
29%
27%
23%
Dominion Textile i*>mmon——
IS
Preferred ———————
Famous
205
18
18%
•
Voting
y
32
50
common
25
Jan
75
27
21% May
Mar
28
Canadian Fonda
STOCKS
52% Aug
30
.
trust certificates
Preferred ——-
>
13
May
Aug
36% May
Montreal Curb Market
Jun
18
Steel
Dominion Steel & Coal class B
Dominion Tar & Chemical common
159
423A
Last
Bridge
Dominion Coal preferred
99
Feb
28
i 25%
5 38
;V-
—
Jan
95
"
35
29%
Imperial
i; Royal
352
'••
22%
Montreal
,
175
15
28
—
Nova Scotia
25%
100
20
•
23
10
y4
-,r^{
—
10
Dominion
.-
74
109
May
Jan
—
_*
1
__lo
50
791
405
26% May
173/4 July
93%
5
i.—;
——
:n.
<
Fee
Jun
25% May
„
3,842
"
Consolidated Mining & Smelting
Crown Cork & Seal Co—
Canadienne
r
Apr
13 Vb
42 %,
—
:
44
31
14%
Jun
106
92
100
•
Commerce
>
4Q
lPA
102
25
■
42%
25
—
>J/:>
Banks
94% May
Jan
22
Canadian Oils
Canaaian Pacific
6% preferred
92 %
Jan
31
•—
*
...
Jun
106
Jan
Jan
84
Jun
35
—
_*
Canadian Locomotive
it>*/8
35
20
Investment——*
common
Aug
44% May
17
Canadian Foreign
>>
Jun
29% Aug
110
May
14% July
429
41%
.
53
Jan
20
440
15%
>
Jan
11,222
106
20%
*
—
*ii lil
29%
40
29%
15%
—
••—••25
common
—**.i|.»
105
15%
*
20
Feb
'
"
51
28%
100
Canadian Car & Foundry common
Class A
;
Jan
28
285
19%
18%
/
19]
Canadian Breweries common—
131
100
r
""
'
Canada Steamship common—
59b preferred :
.
—50
25% Jun
,
890
26
*
14% Jan
1,777
150
26
.
Canada Forgings class A
Limited
100%
Jan
Jan
15c
79
153 % 159
31
.——.100.
—.—
15
16
16
>
20
92
,
153%
Wilsils Ltd —,—25
V/mnrpeg Electrie mmmnn
*
14%
Jun
24%, Feb
Aug
30
11%
,
Bulolo
V14
£ 10% Mar
p: 7c Aug
a
20,634
Apr
88
102
————
•
190
3:3.«
Jun
•5 25
91
40
11%
—
•
108
18% Jan
103
■
Walker Gooderham & Worts com
Weston (Geo) common
14 y2
12
May
16
Jan
87
*
;..100
SV
jun
-
26% Mar
Jan
July
102%
Mar
41 -
91
>
•
;
a
12
50
55c
88
21%
250
Jun
39
113
teo
1,670
105
103
Apr
9% Mar
Apr
13o
—
106
,
Feb
34
20%
141/4
109
—
United Steel Corp
Viau Biscuit preferred-
5% May
35
May
30%
■
•
Building Products class A
3,152
4 Ml
4
*
7'-":,
i
Mills
181%
23%
23%
Products—_*
.268
208
;30
,20%
141/4
10%
Jan
Feb
19
982
22%
22%
"203
176
11%
•
Steel Co of Canada common——•
79b preferred ———
..25
Feb
35
Power
Rights
5%
preferred
Hiah
'
Jan
July
530
40c
Canada
Standard Chemicals common—.—*
7
150
24%
14%
14
—
•
'
35
23'A
—
——
103%
35%
common.—*
Tooke Brothers
Bathurst Power & Paper class A•
Bell Telephone ,,,—.100 *
Brazilian Trac Light. & Power
•
23%
Low
10
105
preferred—————100
Southern Press Co
Range Since January 1
3,006
35
103
May
26
227
.
Brewerles
V'•
35
Sicks'
Paper Mills 6% pfd
;
Share*
106
7%
34%
102
8hawlmgan Water to Power—.—*
St Lawrence
106
fi
100
common
Jan
■
40
Jan
8
Mills
Apr
24
26% July
3,680
99%
99
99
*
—
•130
Flour
Apr
40
/19%, July
50
Lawrence
2iy4
20% Jan
,29
Jan
26%
9%
100
"'.'/'•W-:
2%
Corp
35
22%
37
4%
St
106
Corporation common——•
A preferred
50
Jun
Sale*
for Week
•f Prices
'^ilmt:High
r
■
ij»wience
22%
•
7
>
•
common-————-——*
convertible
16
22%
201
Warrants
Asbestos
9,700
325
20%
•
I Aluminum Co of Canada 4%% pfd—25
i
Mar
19%
1
14
22%
212
'
V;
9,735
37
Aluminium
Argus
19
?'
bi
Range Sine* January 1
Low
High
22%
22%
Algoma Steel common—---—
V-
I 21%
Pat
Saguenay Power preferred————100
Shares
High
21%
V Week'a
Range
Lut
for Week
Range
-20
*
—
Acadia
Friday
Sale Price
Sales
of Prices
Par
Abltibl Power & Paper com.—.
*
$1.50 preferred -J—•—:20
: ;
Funds
Friday
/
Last
Sale Price
985
LISTED MARKETS
WEEK ENDING AUGUST
Montreal Stock Exchange
stocks
'
U
Jun
Jan
July
y
Last
ft
ft
?
;
pfd—100
6%
Nova. Scotia Lt and Pow
——*
'OrangeCrushcommon
.
Pauls
Stores----—.*—
Service
20
2,810
20
15
20
__
"
109'/a
2
red pfd—100
*•
27
July "
common——*
Reliance Grain Co Ltd
15
Aug
11
Jan
115-
Jan
25c
*
•
Apex Consolidated Resources.:
——1
•
—100
Aquarius Porcupine
Argus Corp Ltd common
4%% conv preference
Jan
Arjou
13% Aug
Jun
1.15
1.35
13,350
220
22c
24c
3.000
18c
July
1.12
1.15
7,800
95c
Mar
:ft —..ft
Jan
30c
8.25
—
May
28
United', Amusement Corp Ltd!A——*'•
ft Class B ■
—.—*
30
May
3D
May
A th on a
3
May
Atlas Steel
13
Apr
1.10
July
5,000
7C
July
4,000
6c
July
11,500
55c
Aug
8%C
8c
60c
9c
58c
61c
9
9%
98
99
1.80
9%
-
99
370
;
8.00
2,095 ;
-
23c
Jan
514
30c
12,300
88C
1,200
68o
14,700
16c
102
Mar
July
-——1
———10
Mines
16%
16%
8%C
;
—
1.
—,
8%c
28c
32c
24c
.
33c
17
420"
'
"
i
-K
'ft
3% Feb
Jan //ft
55c
1.701 Apr
Jan
,62c
12% Mar
1,000
122,800
41,100
>
Jan
Apr
12/
July
1.80
Aug
23 %c July
• >'
ft;
-.ft;
Mar
85C
98
2.25
;
Jan
Jan
*:
27c
20c23%c
Feb
1.95
30c
8"'July
50
Jan
./ft 13
July
8j5c
Mining
"May
1,500
9C
29C
Ashley -w——,-*-1
Astoria Quebec Mines
—1
30
1.20
2c
9C
It:
2.10 Apr
38%c Apr
1.36
.880
Asbdown Hardware
May
8.25r
1.14
8.25
High
1.00 July
1
.*..n■"
Jan
23
Low
v
Mines----——i"
Gold
-
Armistice Gold
132
Arntfleld
—*
Thrift Stores Ltd common
-*
—1
—
—
Mines-—-1
Aneley; Gold
25% Mar
May
141
—
Range Since Janeary 1
High
1.35
--
Bridge Company, Ltd-—
Canada Power 6% pfd-—100
Southern
Co. Ltd.
8;
*
-
Anglo-Rouyn Mines
43 - May
•
Jan
8
Oil
Canadian
Anglo-Huronian
20' ' Aug
112% May
15
Apr
-
Jan
25.
Quebec Tel and Power Corp A
Southmount Invest.
Jun
11
Ltd-—*———10*
Quebec Pulp & Paper 7 %
S'arnia
25% Jim
May
for Week
Shares
low
Amalgamated Larder Mines——-.—1
American
Yellowknife
1
May
112
14% Aug
1,890
109% 109%
13
13
ef Prices
High
ft
Feb
109
Anglo
100
Purity Flour Mills ce
5
Sales
Range
Sale Price
Range SlneeJanuary 1
Low
?•••'
23%
22%
23
-
•'
1st pfd
Corp of Can 6■%
Power
111
HI
Week's
Last
High
Low
P"
^
.
Friday
for Week
Shares
Range
of Prices
Sale Price
I'
/.
WEEK ENDING AUGUST. 16
FOR
Sales
Week's
Friday
1946
LISTED MARKETS
CANADIAN
RANGE
Monday, August 19,
FINANCIAL CHRONICLE
&
THE' COMMERCIAL
18
Apr
6c
July
21c
July
20c
July
50c; Apr
55
May
July
July
July
78
22c
Jan
87c
>
Feb
:V"
Windsor
Woods
1.25 July
Grain Co
Western
*1
Co
Manufacturing
11
*
Ltd—
Hotel
'
39% May
Jan
72
'175
30c
97c
on <v»v
21c
—1
45c
43 %c
48c
77,700
36c
—-1
70c
64c
75c
70,000
40c
1
4,75
4.<tvJ
4.cjj)
*
12%
12
12%
700
*
6 J/4
—
Auraaque Gold Mines
Aunor Gold Mines
Mining
Auto
Stocks
Yellowknife
Akaitcho
Arno
6C
30c
Mines"
Gold
Yellowknife
Gold
Bob's Lake
Bagamac
Mines
87c
Feb
Bankfield
Consolidated
26c
38c
68C
53c
July
9c
July
34c
May
36c
Aug
July
57c
Jan
Beatrice Red Lake Gold Mines Ltd.
Beaulieu
Jan
:
50c
Mines
21c
Bank
Apr
1.50 Feb
of
32c
30c
1
10
10
15c
15c
500
12c
25%
26
740
21%
15c
37%
37%
15
32%
Feb
10c 10%c
12,200
;
r
/
'
-
ft/'
»
29c 32 %C
Cartier-Malartic Gelid Mines" Ltd--;
7c
25c
Centremaque Gold Mines Ltd
20c
20C
11c
Century Mining Corp Ltd
27c
30c
22c
Cheskirk
lie
14C
10c
70c
72c
70c
July
July
July
July
July
July
37c 43%c
37c
13c
Aug
Central
Gold Mines Ltd
Cadillac
Mines
Yellowknife Mines Ltd—..
Colomac
Cortez
Exploration
Cournor
^ft-»,—,
—
Milling
30C
26c
y;-.
26c
Class
49c
175
150
—1
76c
85c
18,150
1
•
77c
82c
10,400
48
48%
170
39
Jan
51
45
45
100-
31
Jan
46
JOly
1
50c
60c
45c
Jan
Canada..——100
202
209
319
1
5
70c
71c
4,800
V
'
70c
11c
Bevcourt Gold
!
-.
Feb
preferred
Hats
23C
24c
16c
80c
74c
Aug
9C
Gold
Goldbeam
Aug
Mines
60c
Mines
Goldora
Mines
Goldvue
Mines
12c
Heva
Cadillac
Hillorest
Gold
Collieries-
Mines Ltd
Brazilian Traction
Aug
July
23c
26c
Hollinger Consolidated Gold
2274
Aug
51,400
26C
«•
10c
10c
11
19c
77,100
12%
2,760
26%
26%
10
23%
24
8,805
14%
14%
27%
28%
4
4%
30%
31
*
3%
3%
Louyicourt Goldfields^—
21c
24c
Macdonald
1,000
Ltd——
4,400
Mclntyre-Porcupine Mines Ltd
110
Nechl
Mines
Cons
Dredging———.
15,700
Nib Yellowknife Mines Ltd
45c
47c
1.35
4.65
5.00
14,500
Mining Corp Ltd
Burlington Steel
2.50 July
Burns
ft Class B
Flin
100
*
Gold
Mines
6,500
16c
_
26
205
5
13
Mar
22% Jan
lie
100
I
-ft
V
.
15c
39c
Sherrlu-Gordon
Mines
'•
July
July
July
Mines.
—
ft,
5,504
1.07
fitadacona Mines
44% July
Jan
8,925
14c
—
1U44
Lta.
60c
10c
64c
Aug
July
13c
3.65
July
1,000
80c
76c
80c
Aug
13c
Sullivan ConrMines r.tH
Jiftft..
12C
3,250
2,500
2.04
4,800
41,000
Apr
10 %C Aug
1.49
Jan
42c
Jan
3.50
Feb
B
Class
.
Commerce
Bank
*
Canners
1st preferred
/ Conv
2.00 July
3.16 Jun
| :
0% Jan
25% Jun
153;
Jun
ft
—-.L-
—
... i
/
14%
1,045
Jan
Jan
,20r
Food Prodttcts
A
cominohft-~J
General*'Electric
-.—50
Industrial Alcohol com A—*
B";~—i-Lftfc-.——
Canadian.. Locomotlvy'—w.—. n ■ji,.—
•.f'
Canadian. MalartlK
Canadian Oils
Canadian Funds >
ef Prices
Par
Abltibl Power & Paper
preferred
•
20
20
new com
—
—
Sugar
common
preferred
Acadia-Atlantic
Preferred
"
*
——
Acme Gas & Oil
,
21%
19%
/ -;
—
1
-~i
••
common
Yellowknife
1
Gold Mines
-■
,
-
ft 39%
40
21%. 22%?
106
i—ft
Preferred
Preferred
footnotes
page
989,
1.78
22C"
21%
205
26 y8
;
215
27
High
Mar-
22%
15% July
55"
7c
28
July
Jan
ft
July
Trethewey
July
July
19% July
Apr
Centremaque;
Chateau
107
July
Chemical
1.85 July
Chesterville Larder
Chromium
26% Aug. ft
Cockshutt
Apr
Coin
27
Aug
Wlllans
Plow
Gold
Mines
ft 1,
—l
CO——
,
20%
Aug-
59%
Jan
40%
Yellowknife
—
Mines-_
—1
—1
73
•;
Jan
....
ft
-
44
Aug
i
.ft
ft i
ft
Jun
30% May
24% Jaa
,
Jan
22%- Feb
20 V4 July
20% ftJun
Hit'
24
July
27
May
'
5
Jun
285
18% Mar
>
Aug17% Feb
258
,
i
.
ft
Apr
26
May
29% July
46
May, ft
15
ft
ft. ft-
•/-:
600'
13%
;
Jan
15c
-
43c
Jan
Jan
1.41 Mar
1.05-May
ioo
July
2.40 July
14% July
40o
July
50o
July
Jan
'i
May
ft
4.40 Apr
i
2.10-Feb
-
3.00- Jan
,
44 %c
July
July.
•
Feb
3d"
Jan'
15c
s
Jan
24%
2,5d Juir
1.42 July
1.85 July
L35 : ^eb
18
17% July
23%
'
ft
/
Mf
30c
Lake
Commoil
15
j.
7%
-ft———■ft—-ft.;--——*
—
Cochenour
Colomac
Jan
25'
22%- Jan
m
—
—1
Lake Gold Mines—1
Citralam
Feb
103ft
'
-—
ft .ft!*'
Jan
230 ft. May
—1
—1
Research i;
26
ft
—
Gal- Wines———J
54c
99% July /::
^
-1
i
Central Porcupine Mines
Apr
Jan
May
■
Central Patricia; Gold'Mines
24
42
19c
Jan
.
11 %c Feb
Jan
1.35
129%
Castle
40%
20% Jan "'
103%
Jun
Gold. Quarts^-.
Cariboo
21
37
255
4,000
37"
14
400
-
25
100% 100%
_100
:
see
100
8;805;
3,560"
8c
,
1.64
•
common
Ranga Stnee Jannaryl
Low
106
36%
21%
Share*
19%
21c
■
common
•:
22%-
19
Wirebound' Boxes..
tot Week
High
21%
8C
Agnew Surpass Shoe
Ltd
Low
—28
•
Pacific Ry—
Canadian
galea
Ranga
Sale Pries
——-
Canadian
-
Week's*
Last
Jan
:
commohft^^ftift^
Dredger —u*.—■»*
-Class
Friday
f
Mar
commoflft..—
Canadian
Exchange
19
120
ji.
Canadian
STOCKS
131
242
»"■
Preferredj— i-.ft ft^-ft———10^
-
150
22%r Jan
Canadian
Toronto Stock
149
10:
;,
preferred
Class
For
25
common
Canadian
-
'
Canadian Breweries common—-——
Canadian
Canadian Car. dt Fdry
Homestead OU & Gas Ltd
Aluminium
44c
56c
preferred
50
Cable class A_——*
Canadian Celanese
Gaspe.Oil —--.-_ftftftftftftft,«.
Steel
23%'
1 44c
6% Jan
3,400
-
"ft
ft
.fift ^wftftft--«^ftft^ft*^'
■
'''©■• ClUSS A'
Alger
22%
7
ftft
Steeamship
Canada Wire'and
Jan
Oil Stocks*
Algoma
7
4.600
,
;
ft
•
class A
1.45 Jan
29c
1.52 July
10V»C12%C
•
16c
1.90
Standard Gold Mines-
Westville Mines.
14c
—
Packers
Canadian
Boma-Duvernay Gold"
Akaitcho
«
2,500-.
27c
2.35
19c July
1.71 July
19c July
22'Ac July
10,45(1
25c 26%c
25c
.
ft
May
May
Jan
Jan
ClaSS ;' B-——.~..l-ft—
Canada
Ltd—.ft«
,Bl8coe Gold Mines Ltd—ft———.
$2.50
1.93
12% Mar
25,500
2,10
—
i—•
——
•
100
155
35c
1.83
.
13%
ft
Jun
Canada? Permanent. Mortgage—100.
;
Santiago
$1.50
13
27c
.
1
Preferred
July
3,000
—.
Ltd—
37,700
Gold
/'
13%
26
—1
—
Canada Cement common
Canada
Crest
Rochette
ft
13%
ft
Jun
1.68 Aug
Quebec Yellowknife ,G M
Red
Flon
13c
Mining. Co Ltd—
Jan
23% Mar'
Oils
12 %C July
Pitt. Gold Mines——
Premier Gold
Callinan
July
ft
${
9
530
—1
*
Calgary & Edmonton—
1.25 Aug
Mar
Jun
32%
*■
Canada Bread com
300
H
Feb
2.95 Jan
July
15c
—•
—
Campbell Red Lake
2,000
Apr
15c
14,500
—
1.70 July
i—
17
10,000
27c
—*
—
1.09
6,200
Perron Gold Mines Ltd——
Jun
Apr
July
ft
27
23c
30
Calder Bousquet Gold
Jan
35
15
—1,200 *
20C
1
& Co class A
2,400
Cadallid Gold Mihes Ltd.
•
95c
25 %c
Products—
8,000
O'Brien Gold Mines Ltd
Pandora
Mines
Red Lake Mines-
3.30 Aug
1.20 July
18c May
Apr Jft
Feb „r|.
Jan ft
Feb ft
Jan
Jan
Jun
'■ j-"'
ft-
Gold
1.00 July
56% Aug
1.64
11
45C
97c
28
11,930
"ft
>v
Jun
16
4,500
1.05
'
Calmont
Normetal
July
3.85 July
15,300
—-1
Buffalo Ankerite Gold Mines—
•
Buffalo Canadian Gold Miues
*
July
35
5%
55c
72c
250;
—1
Porcupine Mines, Ltd
Broulan
Buffadison
Building
Macassa Mines Ltd ft
Jan
3% July
18c July
40c July
950
•
ft
9% July
460
.
ft
ft
16%
28%
5
17%
11%
3% July
1,600
•
ft
30% Jan
13% Mar
10%
ftr
39%c Jan
25% Mar
16%
Oil
Dominion
50c
Jun
635
10%
©
Feb
Jan
Jan
30c
30c
26% Aug
20 %
190
16%
M
i
18% Feb
27% Jan
3,750 '
—
class A
—
14c
-
9
23% May
92c
Feb
July
15c
11%
—•
*
•
Buffalo
3,600
ft;
45c
Jan
24% May
July
July
July
July
5
Class B
85c -July
12C
ox/
30c
—•
'
1,000
Jun
1.45 Jan
16c
22% Aug
5,000
Oil
Brit Columbia Packers
July
12,000
47c
79,380
Forest
Aug
45c
Lingman Lake Gold. Mines. Ltd.—
Ling side Gold MlneSftftftft—.
21
12c
—
Class B
13,900
216
46c
Distillers
&
British
Jack Lake Mines
Jan
July
July
July
July
11c
American
—
Jollet-Quebeo Mines Ltd—ft*——.
%
ft
2.65 May
44c
British Columbia Power class A
Indian Lake Mines- Ltd
fl
70c
Jun
30c
1.71 Feb
9,600
Columbia
Brewers
11% July
—.
Hudson-Rand Gold Mines——.
July
181
2,300
24,450
British
Aug
35C
Ltd^-ft-ji.-
1.64 Jan
51c
60
58c
22-/2
•
25
Light & Pwr com—♦
Ltd
preferred
Cord
Brant
July
21%
21c
British
34c
July
1
1
Boycon Pershing Gold Mines
1.06 July
Ltd.
57c
p
I
19c
Mines
Bralorne Mines,
Gold's* Lake Gold
-f
Apr
7% May
16c
Bonville
July
80c
Found Lake Gold———.—
Apr
Jan
.1
Mines Ltd
Bob jo
July
9%C 11 %C
Formaque Gold;Mines Ltd.—ft—
24
Feb
5%
186,260
57c
21%
—1
—1
*
Bldgood Kirkland Gold
Bonetal
Mines' (1945) Ltd-Lft——.
Fdntana:
Class A
Bertram & Sons
Aug
2.25 July
Gold Mines——
Elderidge
—
Berens River
1.15 Mar
45c
Aug
28c
19
V
Yellowknife
Biltmore
East Sullivan Mines———
©
May
*
& Radium-:
'
7%c Jun
Feb
Apr
/
#
,.ft.38 ftftluiy ftlft
6%
/
Bell Telephone of
Jan
43c
28c
M
Jan
22%
B
Beaulieu
60'/2c Mar
Feb
Apr
6
Beattie Gold Mines Ltd
Jan
58c
24c
27
July
22 %
Beatty Bros class A_.
7%C
76
15 %c July
*
Bear Exploration
-l
''
».♦
—•
....
L
Class B
Jan
ft:
ft
ft
Feb
12% Aug
6% Aug
Jan
Toronto
Jan
Aug
Aug
790
15,900
Base Metals
July
Aug
July
3c
6
61/4
Bathurst Power class A
2.60 May
7.25
Aug
25c
Mines
Jan ftft
1.02 Apr
1.55 Feb
3.80 July
12
6
of Montreal
Bank
1.00
10c
ft—
Mines
Bonville Gold Mines Ltd
Brazil Gold 8c Diamond M Corp
;
May
55c
'
21c
May
30C
68C
Aumague Gold Mines Ltd
Beaucourt
July
July
—
———1
—
30c
11%C
46c 46 %C
Mines Ltd
Ltd
Aubelle Mines
Jun
class A
Products
F&hrics
Class B
1.85 Aug
July
5c
6C
May
12c
14 %c 14 %C
;
Mines Ltd
Astoria Quebec
80c
1,75;
1.70
Mines..
Gold
Alta Mines
71%
Mines—.——— 1
Auhelle Mines Ltd
July
56
———-----—ftft*:
YeiiowKnire
Alias
;
Jan
ft
50o
jan
•:
Volume 164
Number 4517
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN LISTED MARKETS
RANGE FOR WEEK ENDING
STOCKS
r/•;
Friday
'
-
CanlftiirumMiw•
Consolidated
::.'r"■
•-.■-/j:--,', *
,;r
Bakeries
....,.
Range Since January 1
High
Low
...
1.66
3,875
21
200
93'/a
93%
Conwest Exploration
96i/2
816
78
Jan
103
Jun
106
173
Jaa
188%
Apr
1.15
1.30
2.75 Feb
L35July
5,380
90c
22
Jan
*
common
140
25c
July
70c
Feb
International
Coal
53c
1,400
29o
Jun
86c
Feb
International
Metals
53c
1
—100
Crowshore Patricia
' y//
1,15
/Z
*
.——
1.10
—•/"•
ooo
?
-: v v;;l i
/
1.20
85c
90c
28% July
—————————1 c
Davies Petroleum
t
Davis Leather class A
—,
*
Class B;_
200:
12,200
1.50
1.75
400
.
10
International
1.67 Jan
55.
43%
80c
180
Feu
■
—
Mines
1.50 Aug
/''•
3.00 Feb :
3,000
12c
July
Jan
Jack- Waite Mining^_v-»-—1
Jason Mines
.—r
—.
110
29%
Jan
34
Jun
Jellicoe-'Mines1
14
200
13% July
16
Mar
J! M' Consolidated
—1
Joliet
161/20 19y2c
1.30
t;V 1.04
1
Ltd
I80-' Aug-
73,900
6,800 >
1.40
27o
1.10
*i'
13,500
88c
3.05
30c
80,400
70c
2,525
'
Malting
;
May
^ayrand
1
30%
■
28%
2,020
13
625
30
10
106
106
5
46
18%
26V4
26
26 %
17 %
41
Oil
530
\ .'\/1
Jun
Kirkland
Jan
39
15
Jan
Jan
20
650
23%
299
13
95c
10,800
60c
1.06
1.06
1.20
7,300
85c
21c
21c
23c
12,500
19c
6c
6c
6%c
28,500
1.63
1.60
1.75
9,950
3.35
2.88
3.50
43,225
Eldona Gold Mines
6c
Famous
Fanny
Players
Federal
new
common
55,550
20
4.50
4.80
I,550
21
21%
490
•
10%
9%
10%
10,185
134
125
134
10c
1
11c
common
23
Jan
May
28%
Lake
Apr
20
1.85
Shore
Co
____
Gold
Fraser
490
4,300'
58c
July
13c
Jan
class A
1.45
Jan
13
4.20
12
6.35
July
Mar
Jan
Jan
90
Jan
134-
8%c July
24c
1,620
*
25
II,300
63
63
5%
Pow
5
1.50
May,
Apr
fv.;-'
31c
35c
23o. July
650
Apr
65c
65c
680
8,800
45c
1.46
Jan
13c
13c
1,000
9 V4c July
16
16%
I,045
16
35
35
3
preferred,
General Bakeries
Groceterias
General
Steel
Wares
Preferred
common
Theatres
25
54
Mar
73
100
Aug
101
18
18
18%
240
14
Jan
20
decora
109%
110
510
105
Jan
111:
5
900
18
50
17
106 106 V*
25
105
Goldcrest
2.90 July
.
4% Aug
10% Jan
4c
4%c
6,000
1.28
1.40
6,050
27c
9,300
18c
85c
80c
86c
27,400
68c
2.10
4,490
35
940
2.01-
2.05
34%
—
33%"
34
4c
Aug
July
1.74 July
35
Jan.
July
.
34
May
—
107%
:
112
Aug
112
105% July
/97r
1.80 May
1.02 July
30o, July
860
Apr
♦
35c
31c
35c
II,900
21o
45o
Feb
1
3.40
3.25
3.50
7,375
3.40
3.00
3.70
Lake
-•
(HR)
Lake
Red
24c1
33c
10,400
18
225
18
*
Gold
Mines——
1
3.25
"
3.25
48c
48c
60c
1.75
1.73
1.99
\
3%c
52%
11%
*
common——
14%
Jan
95c
Jan
3.75
July
1.50 July
Jan
Apr
10c
49%
Jan
55
liy2
Jan
4c
3c
24,500
400
14%
10
Feb
July
5.45
2.45 July
:■'///■/ 5
52
11%-
r
—10
19
/Aug
38c
July
3.75
10
4c
52%
ll'/a,
common—i
-
10
Jan
7.50
35c
Aug
1.50 July
43,200
25,000
„•
3.15
24c
12,700
1
1
5.00 Jan.
2.50 July
9,100
2.00
July
3.00 July
8,850
24c
1.80
1.92
—1
Exp
Maple Leaf Milling
Jun
Jun
20%
Maralgo
1
—
1
——I
7
8
May
/May
13%. Feb:
17% May
July
95c
84c
1.00
24c
23c
27c
15c
12c
17c
17%
17%
18
108 y2
Jun
Preferred
McBrine
-
29%,
29%
19%
30
19%
20
—
preferred
———
—
class A
Grain
*
6.70
8,911
12c
13c
7,000
5c
7c
13,500
5c
Jun
22c
Feb,
70C
75c
52,600
57c
Jan
88c
Jan
McLellan
19c
Aug
24%c July
39c
•
24
L—>
Mclntyre Porcupine Mines
70c
—
55%
Jan
j 28% July
18%
■
15%c Jan
July
July
July
21c
150
250
60c
14%
577
.
July
12c
12,000
——*
Rouyn Gold-,
Martin-McNeely Mines—
Massey-Harris common—
5c
1,000
19,500
34,000
—
Marlon
Feb
Jan
Jan
2.20
Feb
51c
450
/
Jan
21
'
Jan
Apr
35% Jan '
20% July
12% May
12
12
100
24
24%
395
55%
56%
585
90c
95c
6,900
80c
July
1.70 Mar
7c
1,600
4%c July
8%c Apr
11% July
16 % Jan
26% Jun
55% Aug
176% Jan
Feb
5.05
12c
July
McColl Frontenac
8.75 Feb
Aug
25c
21c
22c
3,200
32c
35c
17,600
9c
10c
July
85c
90c
70c
Golden Arrow Mines
2,000
14,822
8c
goc
July
l
33c
33c
90c
12,900
28c
July
90c
1
Oil
common
Red
Lake
Mines
1
87c
Feb
McMarmac
Red
Jan
McWatters
Gold
Feb
Lake
__
—l
34c
Mercury Mills
Gold
26c
25c
29c
18,500
16c
July
40 %c
2.55
2.80
12,252
2.00
Jan
2.90
Apr
Modern
l
12 %c
lie
13c
10,500
8c
Monarch
38c
30c
40c
15,800
30c
July
Aug
Jan
j
500
5c
July
25c
July
Jan
6,050
185
•
Gas
&
13,650
23c
21%
7%c
7c
7%c
•
Oil
75c
July
20c
17%
40c
22c
20%
8.25
7.85
8.90
16,700
11,390
58
10
19 Va
22
2,645
11
102
102
20
95
—
6c
17c
July
6.65
36c
22
July
Apr
Feb
Mar
Jan
12% Jan;
Jan
2.55
34c
21
•
-
Mining Corp
1
)
5c"
•
Mines
Mid-Continental
Aug
95c
1—1
■;———P_—
-
25c
1.30
•
Feb
Mining,
Goldvue
Mines
Goodfish
1
35c
1.15
5c
5c
113
115
40
125
May
57
313
52
July
58
May
11%
11%
810
11% July
12
Jun
21%
21%
21%
35
21
July
22
13c
13c
1,000
11c
July
26c
Jan
28%
31
1,509
15
Jan
35
66
Apr
67
247
42
Jan
70
Jun
1
38c
37c
38c
1,600
Gypsum Lime & Alabastlne
30 %c July
59c
f
Apr
17
16%
17%
I,440
13% Mar
Halcrow
1
8C
8c
5c
5c
Knitting
*
common
—-100
common—
preferred
58
22
100
v
—
59
Jun
Feb
22
Jan
102
Aug
July
Feb
38
Jun
29%
Containers
New
Apr
54%
,
Goodyear
Tire
&
Rubber
common™*
.Preferred
Gordon
50
McKay
Grafton
&
Graham
Co
class A
55'/2
;
*
class A
Bouguet
1
12 %c Mar
99% Mar
Moneta
Porcupine
Montreal
Light
Montreal
v
Paper
'Preferred
Gunnar
t
Gold
•
common
Moore
Corp
•
—
Mines
Ltd
Mosher
&
Power
Hailiwell
Gold
Hallnor■
_
Mines
1
—
Hamilton
500
3,600
5c
July
•-v4e':>July
-
18c
National
■
10c
Jan
common
*
4.95
100
4.10 July
6.00
Feb
9
9
9
75
8% July
12%
Feb
Jun
22
May
Jan
81
May
Apr
5
185
70
5V8
300
25c
1,900
45c
Feb
26c
43c
17,300
5% Aug
July
26c
Aug
49c
July
16% Mar
21
May
10
21
21
29
29%
195
28%
13
13
13
610
12
7%
14%c 14%c
50
'
".ii,
—
14%c
-
7%
.
Carpet
•
Harrlcana
Gold
12%
12%
13
685
l
W;; Hard Rock Gold Mines
& Harker Gold Mines
75c
74c
77c
5,450
65c
17c
18c
5,500
13c
19,000
16c
July
July
July
July
11.500
1.00
July
j
Mines
l
21c
21c 23%c
Hasaga Mines
1.21
Headway Red Lake Gold
Heath
;__
i*
1
•
_____
Hedley Mascot
? Wevtt Oa.riil1fl.ft
;r
Hlghwood-Sarcee
Oil
__
11c
2,000
-
"'V V
Homer
*
Howey
Bay
20%
footnotes
11
989.
29
29 %
30
2.24
2.50
10,850
38£-J&0c
Trust
2.95
2,925
15c I71/2C
5,000
7c
11,600
10,800
lie
1,145
II,500
36c
34
37%
7c
^5:;
°5
45
17
July *
Aug
Jan
July
Jan
Jan
—
1
-
*>
Mines
Gold
2.40
30%
Apr
Mar
Apr
29% July
24% Aug
Mines
.
"
3.25 Mar
Jan
1.50
1.37
60c
25 %C
26c
3,500
24c
290
26c
30c
Apr
1.37 Aug
Jan
26c
62c
July
1.27
5,000
14,500
28c
1.36
Blriia.ma.qnn'
Nib VftUnwirwifA
3.60 Jan
Nicholson
63c
Nipisslng Mines
Jan
1l
.
r
38c
33c
July
miwpo
f
T
May
14c
15 V2 c
———5
—
3.15
3.15
•' *
55%
54%
15i/2c
30c
Jan
30o
Apr
54
200
-------
July
10c
July
2.55 July
72% Jan
15 %c
146,100
3,100
;
5.65 Feb
14%c Jan
Noranda Mines
Apr
4.40
Normetal
Jan
35c
Jan
North
lie
:
,
-
Malartic Mines
Mining
Norseman
2,497
56
55c
1
55c
1.75
1.90
,
48c
2,400
Aug
1.05 Mar
July
2.24 May
1.03 Jan
15c
Ltd
—•
13c
17c
21,431
34,700
July
33c
46c
45c
50c
5,700
30c
July
95c
Apr
ioc
Corp
iic
15,500
80
July
22c
Jan
.71c-
75c
3,100
70c
July
1.75
.
Jun
74c
73c,
50
20
Mines———1
Mines
Jain
Northern Canada
Feb
North Star Oil common
May
.
30c"Jan
107
Mines
Inca
Northland
25,700
new——-—-——10
—
Calumet
Norbenite
2.90
32
Jan
19% Feb
43%
100
page
1,740
40i/aC
100
see
27
131/a
•
1
Erie common
paid
For
20% Mar
37^
Mlnlnar & Smelting
Hugh Malartic Mines
Huron &
150
July
2.75 July
13c
July
5c May
20c
Aug
24
New
Jan
*
6%c
■
29
720
Jan
69c
2,000
134,000
1
Gold 'v;:.•••-
Hudson
30c
23
26c
17c
Hosco Gold Mines-—-—
July
12 %
23c
2.95
37
27
New
Apr
2.70 Jan
6%c
7,300
24c
12%
29%
Negus Mines
45c
July
1.25 July
20c
July
6c July
1.65
.
,
„„rl
19o
Jan
6%c
'
Yellowknlfe
:Homestead Oil A Gas,—^
14c
1,500
1.55
v./'"-'r
Oil-,-—_————;—^-TT1-,,1...
15,200
25c
20c
.■->
1.65
7% Aug
Jan
21%
1
Zollinger Consolidated Gold Mines——6
Home
16c
1.24
29
26%
National
16% May
31c
*
•
Apr
13% July
Mar
National Sewer Pipe class A
Newnorth
•
—
-
1
1.34
14c
14c
;4/'/./: -■„?
—
Hinde & Dauch
\
11
30 %
Feb
July
6% July
National Steel Car
Harding
___
7
16c
21
*
National: Petroleum
76%
22c
29 Va
20 /
Feb
75
,
'
39c
25%
5%
75%
——•
Hosiery Mills class A—
Class B
May
19%
I
—1
Grocers
National
Jan
4.95
,__i
4
—
Bridge
5c
~
July
18
1,100
•
-
Mylamaque Mines
18% Jun
52c
2,055
21
>
Corp
Preferred
Swayze Mines
2,800
20%
20%
60c
,
Lac
Feb
63 c
20%
20%
•
common
Brass
Long
91c
60c
20%
—*
Heat
Locomotive
Morrison
Great Lakes
•
Jan,
3.45
■
Jan
26%
Jan
1.46 Feb
Jan
27%
70
1.55
37p
July
18,300
Goldora
/
8V2C May
1.20 July
25c
23% Apr
-
20,200
Golden Manitou Mines
/
400/
42c
Preferred
Apr
35c
Gate
Jan.
May
July
7%
1
Golden
Jan1
70c
July
1.35
6.55
1
_
20c
25c
35c
13c
1
Eagle Mines
22%
25
7%c July
'
1.18
Madsen
5.55 Feb
Goldhawk
Gold
22
225
3,000
19,700
36c
38c
6.65
•
_
31c
1.25
1
Ltd
23 Va
24
10%cll%c
—
»^100
Magnet Consolidated Gold—*
Malartic Gold Fields
i
Jun
1
Mines
Feb
8.00
8.75 Mar
5.55 July
20 Va Jan
1
McKenzie
God's Lake
Goldale Mine
165
4.50 July
1.37
•
Mines—
1
-
Gold
Jan
July
x
McCabe
Giant Yellowknlfe Gold Mines
Gillies Lake-Porcupine Gold
6.05
—
•
A
Goldfields
Gold
MacMillan
Jun
18*
6.05
—
Manitoba & Eastern
40
•
26% Mar
37
1
preferred
Maple Leaf Gardens
4,330
100
•—
200;//
31c
-*
Feb
100
<
23 %
10%C
1
-1
class
Feb
4.00
4%
4.70
Jan
19c
Aug
1
Jan
100
5
—
—-—3
33
32%
Aug
July
3.65
•
Jan
11
July
29%
50
4.55;
—
•
75c
23% July
30
33c
100
100
—
1
Macfie Red
Jan
3.95
•
.
16%,
t..•
..
*
common
Jan
4.55 July
Marcus Gold
Gatineau
29%
24% Mar
Macassa
Jan
2
31
Feb
Jan.
175
Aug
9
43c
Jan„:
2.90
55c
July
Lynx Yellowknlfe Gold
10% Aug
2
31
160
65 v May
8
38c
500
8,005
6,700
Gold
Lundward
22% July
48%
•
4%% preferred
Exploration
Feb
$2.30
;
1.25 July
14,445
>
Aug
6.30
1
Gold Mines. Ltd
Loew's
Feb
9
115
19c
99c
27%
—
Class B
7% Aug
5,040
1.65
19c
100
6.15
Oro
Leitch
13 % Aug
9
Aug
24%
Apr
Jan
5%
•
1.50
—
•
Laura Secord Candy
-Feb
6% July
23%
Jan;
1.76
17%
%
1.05
*
Aug
July
12% July
24
1,600
5,735
27%
Mines
Luz
Loblaw
25
40c
30
23% May
1.20 July
11% July
120
;
6.30
Little Long Lac Gold Mines Ltd
550
•
.*. V. /Cp;
1.57
1
Jan
7'A
•
26
1.05
*
Jun
13J/4
•
Ltd
Frobisher
•"
—
•
Jun
13
Co
26
—
•
_—
May
7%
-
Feb
Jan
37c
1.60 Jan
7%
Gold
Co's
Freiman
July
Mines
Lang & Sons
Lapa Cadillac
Lapaska Mines
Jan
1314
»
_
of Canada
Francoeur
10c
Mines, Ltd
1.35
...
Ford
6,500
1
15%
*"
Foundation
12c
Lamaque Gold Mines
July
•
Fleury-Bissell
Jan
2.25
11c
Z.
.
28 Va July
Jan
July
JulyAug
•
Aircraft
9c
—
•
Fortune
Lake
Jun
*
Class A
Fleet
Jan
July
36c
jA
1
MaoLeod-cocxsnutt Gold Mines
Fittings Ltd
Feb
3c
July
'
& Exploration
14 %
10
2,275
59
100
Jan
65c
21c
45c
1
Apr
37c
58c
11%
57
Mining
July
July
July
41c
6c
58,210
1
14"
40C
58
Kirkland
12c
73c
Lingman Lake Gold Mines
25
810
1
-
Preferred
Federal
,
July
56c
1
Jan
47,700
common
Grain
'
.
4.60
13
Candy Shops
Farmer
.
July
10% May
45c
50c
•
.
71c
67c
Lake of Woods common
Louvlcourt
Palconbrldge Nickel
■>
Laguerre Gold Mines
2.30
15%
11%
540
July
5c
—
Mining
Lexindin
42c
-
Feb
18c
5c
Lake Dufault Mines Ltd.
3.35 Jan
15%
1
__25
_—
Apr
2.30
5c
(John)
1.15 July
12%
43c
Jan
2.09
Feb
50% Jun
12% Mar
-
271/4
12%
19c
27%
July
75c
a
Labatt
Feb
17%
__1
6,100
; 1,000
19,907
Jun
45
35% May
1.56 July
Z
1,167
1,000
Townsite
July
27
*
Gold
Equitable Life
•
Lake
Kirkland
7
75c
1
Washing
'900
2,205
51c
i
Jun'
109
17%
1
East Sullivan Mines
Eastern Steel new common
1.70
19c
*
Kirkland Hudson
Jan
45
84c
•
East Malartic Mines
1.70
9%c
Co
Feb
Lebel
East Crest
18,600
49o
Mining
30
July
104%
1
Mining Co_.
Duvay Gold Mines
171%
1.12
16% July
1.00
1.32
May
j
Duquesne
17%
13%
30
1
•
Feb
Apr
Jan
9%c
La
18
/
47
1.25
4% Aug
890
18%
__
1,845
35% July
49c
,
23
Jan
7%
10
•
_
37%
12%
32%
21% Mar
110
46
29
10
4%
—25
common
.
29% Mar
1.25
Aug
11
5
-
30
13%
36
30
50
29% Jun
21
Jun
5
29%
1.65 Jan
120
1
13
36
n
;v
115
1
9 % Mar
36
30
Aug
300
Kerr-Addison Gold Mines
13% Mar
30
.
750
32%
Kenville Gold Mines
350
10'/2
*
Jan
15% July
Jan
27%. 28%
42
42
Kelvinator
Apr.
1.50 Aug1
345
10%
100
com
—
Dominion Woollens
Donalda Mines
l'der
18 %
_•
Dominion Tar & Chemical VTC
Easy
281/2
18
•
com..
Dominion Steel class B
^
28
Jun
9%
Feb
20% Aug
24% Jan
*
common
Stores
28 %
18%.
/'
1
,
Quebec
Labrador
Preferred
Dominion Scottish Investments
Preferred
Dominion
21
35
Dominion Foundries & Steel
Dominion Magnesium
Dominion
21
io
;
Coal preferred
Dominion Dairies common
Preferred
2,400
"
-
25
Bank
Dominion
80c
1.90 Jan
Jun
-22
75c
1.46
July
1.50
725
80c
July
—1
,
Tyi%
July
1.07
1.36
July
20 %c
1.55 Aug
5c
Mar
1.00-
1.45.
•
—
w
7,700
4,000
14
——
i
Mines
Dominion
>50^
—
13c
1.70-1.90
1.31
—
i
Uranium
Mountain
Island
37
22c
19c
1 i
;
Discovery Yellowknlfe
Diversified Mining
Dome
*
32%
1.81
1
_
12%
Jan
16
27c
350
17%
36%
—
Petroleum—.,17%,
Mining
1
1.05
International
,
4 1.15 Feb
May
-.v*
Nickel
—*
14
'
47,000
30% Aug
Jan
32%
——1
class A—
'31
__
5,245
14 %
40c
26
13% July
13% Jan
i5c 17 %C
& Coke
121/aC
13c
__
Dickenson Red Lake
27%
International Bronze Powders
Apr
Jacknife
D'Arijtgon Mines
Denison
32
1.00 July
Jan
3,000
44-.
•
14%
75c.
.,..1
International Nickel Co common
Crow's Nest Coal—j—.u
Delnite Mines
Inspiration Mln dB Pevel.,
6,750
„
—
High
Low
30
22% Jun
Jan
8
,?
Range Since January 1
300
14 V2
35c
14
14%
.380
-
32c
26c
53c
—
70
'£.$■* >
Shares
29%
137/s
«.«
John-
Inglis,
30%
28c
t
21
30
30%
1
Orolnor Pershing "Mines--
Cub Aircraft
21
•
Apr
for Week
,
V<■ /MLotOi High
Imperial Bank
-,...10'
Imperial Oil —...—.•
Imperial Tobacco of Canada ordinary_5
Indian Lake
.J_—
—1
1.95 Feb
July
.s
Corrugated Paper Box
Cosmos Imperial Mills
Cournor Mining
Crestaurum Mines
■'Vr,
High
1.60
16»/2
Sale Frie*
STOCKS—
Bales
Week's*
Range
of Prices
Mday
Last
Shares
178 179 Vz
Consolidated Mining & Smelting—
5 '
Consumers Gas (Toronto)
_100
16
v
for Week
20%
1.66
4
AUGUST
E
Sales
of Prices
Low
a
n
Week's
Range
JPar
'■>;
"
Lut
Sale Pries
uuiV
■
^
O'Brien
July
Aug
Okalta
.
Gold
Oils
6%
6
Mines—
Ogama-Rockland
■
Mines-,.—*..
Preferred
-
—
7
300
2.15
48c
1,900
45c
49c
1,200
1.53 July
9.395
48c
1.90
1.40
Jan
Feb
9% Apr
6% July
5% Jan
480.
6
10c
614
.4
Jun
3.85
Jan
47c
.
Jun
80c
Apr
40c
July
90c
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
LISTED MARKETS
CANADIAN
RANGE
Week's
Range,
Friday
Last
Sale Price
Low
"-'.J-.
O'Leary Malartlc Mines.
Gold Mines
Omega
:
v
Exploration
Omnltrans
Orange Crush
Preferred
20c
20c
■
20C'
20c
22c
1,000'
19c
9,200
11,700
8,695
2314
19
24%
OH
preferred-
Sturgeon River-*-.-***,^***7;***
—1
57c
Jan
26% Jun
Sudbury
Conta ct*.
21 Va Jun
Sullivan
Cons
Apr :
20c July
Inlet
Surf
Jan
57c
Mina«
Consol
**.*
.
40c
July
95c
July
Mines
60c
July
Ottawa Car & Aircraft.
6
Orlae Red Lake Mines*.
Lake
Oslsko
Osulake
86c
May
Taku River
Tamblyn
Gold
(G)
7c
—*_***———
Cadillac
Pandora
•
Mines
Paramaque
.1
;
1
******—_
.1
Malartlc GolcL******
Parbec
Credit
Goid
Perron
—
13V2c
1.25
1.33
19c
15c
10c
12c
10c
Mines
Elevators
Toronto
July
General
July
**—*****_----..
Class A
Miues—,
Goio
Gold
Pioneer
of
Mines
B C.
Porcupine Reel
Gold Mines.
Traders Finance class A
A
Powell
River
Rouyn
Voting
Power
29%
Co
Gold
Corp.
Union Gas r>n
.■
Union Mining
Metals
Preston
East Oome-^*—u*.*.
B
?_*
United
Feb
Oils
Steel
Purity Flour preferred
51
8c
—
Gold
Mamtou
-■■■,
Quemont Mining
1.40
Mines—:--*;
44c
Riverside Silk Mills class A.
35
Apr
13%
Grocers
23 %c Jan
Westeel
Products
Jan
24%c Apr
93c
Royal ttnnlr
Royalite
13c
Preferred
■
:
.*i,**-**J-,
Saguency Power preferred
Lawrence
Class
A
■
,
*<J
—1...;
20c
**;?■
26
355
24
51
52
205
8
8%
140
,6
ll%c ll%c
5
11 %
2.30
2.55
11
10%
11%
24c
24c
12c
_•
63c
23%
43c
—50o
-
«
Mines.
2,014
20
70c
83c
16,900
preferred
common
preferred
Class
.**•.
16
B
230
Class
B
new
,■
230
32
15c
15
15%
...
15C
130
4.00
Malartlc
4.35
25c
—
Exchange-Curli Secfioo
Fands
Week'*
Sales
Last
Rang*
for Week
Sale Price
24
of Prices
Shares
Par
47c
1.23
'2.78
2.08
°"yr '
3.65 Jan
...
Preferred *****—**^—*.—
.15% May
Bruck
Silk
Bulolo
Gold
5%
Fen
Canada
Jun
.100?
81
$6%
106%
—
•.
Sugar—»
36%
Jun
■
•
Copper
Aug
150
Aug
23%
23"%
103
? 23% July
'" 25
July
215
' 2% July
161
161
3
3
3%
53
? VX? "■<>? ?
Steel
*._**_**
—,*—
Dominion Textile
*
.**•
**
*
'
*
,
Foothills Oil de Gas
v
Humberstone
International
■-
r
:
?*-****—,**'*—
...
Co
of
Canada
common.
.*^*-*———*,
For footnotes
see
page
989.
& Ontario Paper***.
Oil Selections
Pend
Temiskaming
;
common
-
•*-.
Mining————
—1
♦,
'
jv*
22%
8
**.*.—_******—
Grain
50
128
-*
„
..
Oreille '*_*—:
Reliance
^
23
50%
'
.100
Olson Co
1.68
—
100
._J&
Paper common
17.:
,
-*
***********
Preferred
Minnesota
108
'
*
47/8c
3.00
21%
-
,
17
1.75
149
V
-
130
'
•
.75
1,450
128
47/8c
3.00
3.15
1,250
70.
.•a0c"llyac,-' - 4 ft,0Q0 A :<
Apr
95% Feb
15
Mar
1.50 Jun
v
'
23
Aug
44% Mar
116
July
18
July
3%c Jun
2.70 July
17July
jp%0 July
Jan
Aug
Aug
45% Apr
45
Jun
,118
May
' 20% Apr
2,15 Feb
24
May
59
Apr
144
Apr
85c
24
22
I"
3,770
2,000
19% .21%
52
July
1.80 July
15% Mar
39
-
June
/
3.80 Feb
61% Feb
4.00 Jan
23% Apr
July
Jan
18% Feb
39
July
.
Feb
5
'173
May
2.80 Mar
J
24%
4%c
22%
?
32c
7
5
2,525
10
23
52%
>
1
1,200
170
175
155
100
24
22
40%
44%
105
*«
•:
•
Paper
6,057
33c
——
*
53
2.10
20%
44'A
•
50
150
670
10
100
■
33c
22%
,
■■
■
22%
22
—.
.**•
***>!****—
Dominlon Oilcloth
20
—40%
Dominion Bridge *******——
common.
Donnaconna
20
l*—*—
preferred
2.10
_
•
common*
3 &
3
161
5
_*——*——
Consolidated Paper
Airplane
Aug
10
Westinghouse
Coast
'
42
60
3
Lumber****
Western
38% May
42
150
•?'
preferred—
Vickers
,
.
42
__
Canadian
Jun
Mines
Preferred
30
150
•
Dalhousie Oil
Steeloy Mining Corp.
Steep Rock Iron Mines*****.
16
'vr:
—
«_?**—.****!??—:
Standard Paving common*.
8teel
10
110
Mar
42
*
Canadian Industries
Canadian Marconi
Canadian
25
25
:
"
Starratt
.
16
f'
Preferred:
May
1.40 Jan
Radio
420
'
High
35
58
Feb
78
tApr
47/a July
f v 8% Apr
y ; 78
July??? 104%' Apr
19% May ; \ 29% July
;
19% Aug
19% Aug
" 23 • Jun :
? 29 ? Feb
■
14
Apr?£*£*■ 18 ? Jun
150
Fairbanks comptoh
—1
Canadian
13% July
18% Jun
Preferred
Standard
4,880
23% v?
19%
■
Rights
19%
'
Jun
Dominion
&
deHavilland
Sturgeon
83%
26%
19%
83
—5
Canada Vinegars -.**—*?*«***
Mines—
Standard Chemical
6%
88
!
27% Aug ?
915
59
6%
*j-.
—-
Low^'i
V
28%
58
—1
',*
Bange Sine* January 1
High
28
X;'4
Pulp & Paper
Brown Co common
'15%^May
Low
28
Columbia
British
Jan
Disher
Stadacona
July
14c July
14% Mar
—
75c
Co
Springer
94% Jan
15c July
117
Jan
3.85 July
170
130
Mines
1
Bladen
11 %c July
12% May
100100 Va
Jan
108% Mar
,
Slscoe Gold Mines**—**.
Southam
'^sl.69 Jan
Bonds-
Jan
40
new.
**********
Preferred new
:v
25%
12c
Wright Hargreaves Mines—.——
Canadian
i>
5.10 Feb
159
Aug
23% May
\
Jun
6% Aug
Simpsons Ltd Class A
July
59c July
Jan
^
18%
A
Class
Mar
300
25%
*
new
Jan
40c
108% Feb
1,597
87c
-
.
24c 25 %c
25V2
*__**
Dairy
July''
,159
30c
17%'
*
new
3.80
3,044
•:
16% Feb
July
Knitting common
14
Woods
Aug
lie
20.10
^
Yankee Girl
••??14%
New vtp
New
24c
153
80c
24c 24 %c
-—'
Silverwood's
V'5 3.10 Feb
t;
9% July
20.10
—
Canadian
Slck's Brew new common**..
Silver
;
4.40
4.15
—
Toronto Slock
Mines
Silknit Ltd common
f 1.93 July
2,076 ?
4,400
14c
May
11
May
14%c Jan
13Va Feb
5.UUJ
28c
12c
t
Apr
58
Jan
July
8y« Jan
13,775
1
Mar
8c
7.653
11%
2.45
Mines—.——.—
-***il-*„
Creek
Sigma
26
11%
:
26
12% May
45c
Jan
31
May
40% Jan
8%
,
Asbestos
■
20c
26
11 %c
Gold Mines Ltd,__.
Bherrtt.t-Gordrrft Gold
6.400
52
153
common
York
25c
Shawinigan
Sheep
14
Apr
July
21% July
1.80 Jan
35
9% Mar
18c,5 Aug
>
****
Senator Rouyn Ltd__
■
21
205
1,500
10%
Friday
Shawkey
.
11%
.10%
Sand River Goldit.«*_w=r—
Sannorm
.
.
2u%
Alexander preferred
Corp common**^*.
**—U.--
Antonio
.
Jan
18
Jun
85c July
15% Jan
—'•
—
Ymlr
62c
Ryanor
.
34
-
July
46% Feb
-170
July
13% May
11% Jan
11% May
25 ' Mar::.
:
21 va
1.23
31
Feb
25
industries, new common:
San
.142
25
May
25% July
Mme.
Russell
St
142
.
80c
Jan
64c
,:-,r
; ■
■...
.
160 y
—
———
1.57 Mar
■ ■
13%
—
common i
Gold
Winora
16% May
Co
Goia
168
13%
**
preferred—*
Electric
Winnipeg
Apr
22c
Oil
Lake
Rush
25
Jan
Wlltsey-Coghlan Mines———
Apr
39%
Rouyn Merger Gsld Mtae8*^i^
Oils
May
36
——
Ltd
Yellorex
Roxana
20
10
.
May
40c
13%
12 %c
Cotton
Long Lau———
235
43
.
—.a
West Malartic
Western
Wood
Roche
43
42
Consolidated——,
Wekusko
Feb
1.99
—-
Wasa Lake Gold Mines
Apr
35 J/2
Robinson
42
..13, 13%
—
i
1.25
47c
Gold
Mines.
—
1.15
12 %c 12 %c
Gold
Richmac
Preferred
July
25c
Ltd—
Walte-Amnlet
Jun
2.15
1.40
23c
1.25 May
-
-1
Walkers (Hiram) common
Apr
July
34.
__1
——
Feb
Feb
55
Feb
'
Mines
Westons
—
1.45
July
45c
mmmmmUmmmmj
Jan
22 %c
'v
Reeves Macdcnald
1.10 Aug ;
48c
Jan
72c
Aug
July
40
.21'/a
1.10
.«,*20%
—1
.........
—
Mar
11c
.
^
Reg court Goid
Vicour
n
69c
■
,
38,500 "
-
—
—*
—
50c
-V
1.10
—
—*
———■
Villbonna
17
July
July
Feo
Jan
3.45
1.35 July
Queenston Gold Mines
Reno
3.30
22 %
July
1.70 July
13
^^1.10
13,000
'
-25 ?
*_*_—
United
45C
Que Dec
.*—****..
—
Upper Canada Mines Ltd
Proprietary
Prospectors Airways
Purdy Mica
*——.
Quebec
.(,r„
Aug
16
__—
7% Aug
12% Aug
64c
.
150 July
Goldi Mining Co
Pressed
120
1.95 Jan
58c
**♦'..'.
United Corp class R —*
**•—*.
united Fuel class "A"———*—. *50
Ventures, Ltd.:
rtemier
12%
J*
***•——***,*..
July
July
13
12
•
*27% May
5 '/a July
11% July
40
435
53c
—
52c
—
4.10 Feb
1.00 July
21% Jan
49'/ac
.i._——-i,
-> ;■
Transcontinental Resources
66c
—
certificates-
trust
5,300
25
—
rights
Class
Powell
1.20
'
July
2.70 July
3.80 July
24c July
35c
July
Porcupine Peninsula
—*
—•
***_*_*
Twin City common
Pickie-urow
,
60c
Trust-—w—w 100
14c
—.
Jan
45c
24c • Jun
3.25 Feb
1.09 Mar
'•' -r.-.;;.': <■ v.'^^v
3.80
3.95
2,640
3,05 July
5.35 Feb
:
56c
Toronto Iron Works common .—-i —•
-
7
Aug
1.00 July
Piccadilly
?5c;.v'
—1
***»*;*; —*
Tip Top Tailors
July
12c
July
»'■;
7%.
—
23% Mar
Jan
July
.1.50 July
45c July
' 2.15 July
11,015
15,900
3,130
«.
7'/a
—
,
3.85
,_$5
I
-
Toronto
July
12c
i
Secur
?
-10
July
50c
13%cl3%c
'?•'?'?*'
1.20
1.05
•
Tnompson-Lund Mark Gold Mlaea_. **•
1.00 July
16C
25 %C
Mines********
Gold
Pen-Ray
Peoples
16c
55c
Ltd**~
Paymaster Cons Mines
1.31
—.
Oil
Canadian
Texas
Jan
Thurbols Mines
Porcupine Mines Ltd.
Pamour
:Z
55c
2.70
:
—
18 %
;!S■"•0:>
July
28%
(new)
51c
2.50
510
—1
Aug
70c
Eastern
Petroleum
Hersey
;,:1v,-•**/'
25
—*
High
9c
July
50c
Pacific
Pacific
Page
20c
7,500
common
Taylor Pearson & Carson common.
Preferred *-*_*_*
7
*—**—
Oils
Pacalta
3,500
70%cll%c
1.99
2.06
—
Teck-HuRhes Gold Mines
Jun
25c 26'/ac
10%'c
Xr-A>
2.50 Feb
85c July
8% Feb
v,
Low
250
.500
~JL
,
Bange Since January 1
23
25 %c
,
Gold
•••••»
for Week
Shares
High
23
—
-
Sylvanite Gold
Sales
Range
of Prioes
Low
—•
14
7 .500
J
Stuart
Jan
Feb
37c
43c
Week's
.
.
Par
High
.
July
15c July
16c
July
13% Mar
96
24%
f
Low
••
*
"•**
Mines__.
Bange Since January 1
High
24%
—
Friday
Last
Sale Price
»■:•
Shares
22C
VVEEK ENDING AUGUST 16
Sales
for Week
22%
18%
; 23
common
Gold
Orenada
22C
iuc
.
of Prices
FOR
Monday, August 19, 1943
t
*
'
1
.
t\
'
27% May
7c
Feb
5.00 Feb
29
Mar
33c Jan
'
CHRONICLE
THE COMMERCIAL & FINANCIAL
(volume 164 •' Number '4517
/,:V:v
v.-
h,
.
v
.
I'
•;
v..,.-.
.
,,,
OVER-THE-COUNTER MARKETS
Quotations for Friday, August 16*
For
Specialists
Qnotations on Real Estate Bonds
Shaskan & Co.
OVER-THE-COUNTER SECURITIES
Members New York Stock Exchange
Members New York Curb Exchange
Firm Trading Markets
in
250
ACTIVE
40 Exchange Placm, New York S, N. Y«
ISSUES
Tel:
DIgby 4-4950
120 Broadway. New York
Ward
&
Co.
REctor
Members New York Security Dealers Association
Sftafclished 1926
Direct Wires to
CHICAGO
—
Bell Teletype NY 1-853
2-8700
Tele. NY 1-1287 & 1-1288
Phono:
Reorganization Rails
PHILADELPHIA
..
(When,
Bonds—
Investing Companies
Mutual
Funds-
IV*
Affiliated Fund Inc
5.12
Foreign Investing.lOo
Assoc'ted Standard Oil shares—
11.32
Axe-Houghton Fund Inc
Beneficial Corp..—
Bond
Inv
of
Tr
America
#
.
6.66
.
.
♦
Fund
;
8%
8
1
31.04
1
17.10
Fund Inc..—10
17.22
16.80
1
12.48
13.49
series————*
Income series—————
7.42
Invest
Securities—
Natlon-Wlde
Denver
50-year 4s
Income
4.95
36.87
National Investors Corp
17.28
National
148
.1
1.77
Security Series-
stock
Industrial
7.35
24.35
25o
——
102
100%
75-year 4yas
78
1.95
Par
_10
Aetna
6.75
American
10.08
American
7.68
8.44
5.48
6.15
9.23
Selected series
10.20
5.37
4.84
-
Alliance
——.10
57%
Homestead
83
Maryland
12%
12%
13%
Merchant Fire Assur
Merch St Mfrs Fire N Y
American of Newark
197/a
21%
33
35
3%
Reserve.———.—10
Fund Inc
'
Financial Industrial Fund, Inc.
29.05
31.28
18.10
19.05
American
Surety
Corp
10
First Mutual Trust Fund
ft
Fundamental Investors Inc
2
Fundamental Trust shares A—2
General Capital Corp
•
General Investors Trust
1
54 V*
Agriculture
14.47
8.58
9.44
14.30
15.70
11.77
12.93
>-• v
15.89
Automobile
Stocks toe—
New York
8.23
18.92
6.79
7.75
Bank
10.89
15.71
17.25
Chemical
11.63
12.78
13.95
15.32
15.85
17.40
10.83
11.90
11.51
6.48
—<
stock
Diversified Investment Fund-
Group Becurltles—
—
9.14
10.04
7.96
shares
8.75
9.24
11.38
7.72
8.49
12.64
6.45
Food sh&res
Electrical
10.15
10.36
Building shares
Chemical shares—
Electrical Equipment
Diversified
Speculative
equipment
stock
Insurance
—
Northern
55%
34%
37%
35
37
Phoenix
74
Preferred Accident
8
14'A
15%
Providence-Washington —10
39%
42
Reinsurance Corn (NY)—.1
Republic
(Texas)
—10
(Paul) Fire
10
30
32
25%
27%
:■■■"
114%
15%
9.62
Fire Assn of Phila...
8.83
Fireman's Fd of San Fran
-10
11.15
-8
11.06
10.32
11.34
Firemen's of Newark—
Franklin wi™..
11.48
Tobacco
13.16
14.45
General Reinsurance Corp—
-10
,
-r7o:-^:
.10
8.08
10.14
8.75
Railroad
—
————
;
Gibraltar
Indemnity Co
F»re
St
-8
Marine
%
67.
14%
39
21%
23%
55 %
V
Glens Falls Fire—
52%
18.57
Globe St Republic-———, -8
Globe & Rutgers Fire com..- 15
2nd:'
15
preferred '■
9%
11%
33%
36%
Travelers
1
5.25
5.78
7.54
90c
1.05.
Standard
4.13
'
:
e%
Investors———8
1
20.55
250
Series
A
series
B—...-........
..I.———
————
Union Preferred Stock
59
.59
io
Westchester Fire
;*
52
62 v''..'
89
94
38%
2.80
40%
vO."
—
1.21
Recent
23.68
10.17
27.91
22.41
34.92
37.96
17.07
—1966
D
North
Gatineau Power 3s
.
Series
27.87
30.52
Series 1955
19.05
20.91
Series 1956
1
Scries
B-4
11.33
12.41
102%
102%
102 %
100%
102%
Texas
101%
105%
Power St
Light 2%s_1975
Utah Pow & Lt 2%s
.'
'
''
*;T,,;v^;-V..
v
1976
^
1970
101%
102%
99%
99%
1976
105%
106
American Airlines 3%#—4*
Iowa Pub Serv
7.75
—1
Series
B-2
B-3
Trust
Amer
100%
1961
1976
101%
101%
Central
101%
2%S
2.92
•
29.96
99%
102%
Kans Okla St Gulf Ry 3%s_1980
.2.80
*
Independence Trust Shares
28.59
101
105
Oil
shares-
———
Laclede
2%s__
Gas Lt
3%s
1965
Monongahela Power 3s
Preferred Stocks—
Maine
Par
Power
98%
3.50%
98%
97%
&
100
105
106 V2
Koppers Co
105
97
Central Pow
104%
1975
Montana
Ask
2%s__1976
Gas & Transm 2%s._1966
Tenn
96%
96%
Illinois Power Co 2%s
Diversified Trustee Shares—
B-l
Bid
Socony Vacuum
American Airlines 3s..
1976
Calif Elec Power 3s——^..1976
Series
Ask
Bonds-
Bklyn Union Gas 27/es
16.70
Security Issues
Bid
12.78
Unit Type Trusts—
Custr-Man Funds-
36
690
2
U S Guarantee
121%
25.28
1.23
18.63
123%
33%
8.25
Fund—.
Fund
Bond
Wellington Fund
1.10
30%
116%
30%
119
670
1.06
Union Common Stock Fund B—
1.11
28%
10
-
63.00
-•;
17.01
,,t>{ 10
Fire
.8
79
56%
36
-v-
!
60.00
1.08
24.02
21.66
9.30
11.69
25.53
Scries
18.19
32%'
---"i
^
76
53%
10
15.99
97c
Union
institutional Securities Ltd—
•
Hartford
7%
100
U S
101 %
92
34
25
;
Fidelity & Guaranty Co
U S Flra^-^A^
Great- American
'Hanover
117.22
10o
Utilities
Trusteed Industry Shares
1.98
'97%?
■
.
32.70
1.00
69%
6%
10
Standard Accident
5.04
—lOo
Bank Group shares
"1 Insurance Group shares
Stock and Bond Group sharesInvestment Co it America—10
Investors Fund O——I--.,
88
„io
Security New Haven
Springfield Fire & Marine
30
Fund Inc
7
93
107
66%
12%
Seaboard Surety
20
—
Fund
4.59
1
Bchoellkopt Hutton and; - •
''' !V^
Pomeroy
——-—10c
5% '
Scudder, Stevens St Clark
A
Fund, Inc
•
114.90
Selected Amer Shares
2%
14.67
Sovereign Investors
1
7.53
16.60
89
10
St Paul Fire Sr- Marine
26
24%
37
.
10
17.27
Trading
&
(Geo)
Republic Invest Fund—
State Street Investment Corp—
Aviation Group shares——.—
.7%
102
Revere
Pucnam
Petroleum
6.86
Common
67/a
■
ifl
6,43
7.02
Income. Foundation
an
Pacific Fire———.—28
Pacific
Railroad equipment
Steel
6.89
Keystone
76
52%
110%,
Public^tm^*^—Z-——
6.27
Incorporated
73'
;
.26
185
6.38
—
16%
9
8
8.34
3.74
55 V*
10
180
5.70
shares
shares—
24'A
Continental Casualty
Crum St Forster Inc
.20
6.26
Holding Corp————1
KQ
Connecticut General- Life—...10
Fidelity St Deposit of MA
Steel shares—... ■ „iv■
Utility
15%
Northeastern
15.43
Railroad
Tobacco
33%
52%
8
24%
14.05
13.48
Huron
31%
10
,
7.59
Equipment shares
stock shares—
33%
—10
5.84
—
180
31%
22%
7.10
12.28
Railroad Bond shares.
7%
170
2
New Hampshire Fire
New York Fire
61
-
10.32
—
6%
2
City of New York—Um*u«10
59
9.39
shares
67
North ;.RlVft*:
_io
10.45
Mining shares
5%
28%
24%
Federal
10.54
RR
(Detroit) ..10
23 V*
10.22
9.92
Petroleum
i
9.30
9.63
—
Camden wrw
Casualty
New Brunswick
v
Zio
Machinery
Merchandising
10.24
Shares
Merchandise shares.—
74
Employees Group.
Employers Reinsurance
9.03
Low Price
79
18.32
9.32
Institutional bond shares
75
70%
'
8%
64
20
14.29
8.76
Investing
National Liberty
National Union Fire
New Amsterdam Casualty
13.01
General bond shares
Administered shares...
44
28
V
26%
10
16.69
Industrial Machinery shares-
Fully
National
7%
93
7%
4%
National Fire
6%
19
30
-.-C
42
"■ ,n
Bankers & Shippers
''
'
71%
Baltimore American—
.'Boston
\'L:;
■
20%
13.88
■
40
28
4
18%
12.65
Aviation
17 V*
104
88%
8
68%
••
28
?
Casualty————I
12%
Monarch Fire
11.97
6.81
Building supply..,;—
Business
Equipment-
10
;
Automobile
17.26
49.39
100%
Massacnusetts Bonding
22'A
Re-Insurance
2.62
10
17%
34%
20%
American
56 %
49
31 Va
15%
23%
American
2.38
.
29%
37
11
5.16
7.39
W1C
45
10
Insur Co of North America
32
8.00
England Fund
Fire
21%
7.23
New
'
f
4
4.63
series
?■
Pa»
Casualty
1
5
American Equitable
—....8
American Fidelity St Casualty.B
Automobile
American
Stock
Automobile shares
Aviation
shares.
53
Jersey Insurance of N Y—.20
Speculative series
Agricultural
22%
51
■
HomeV
80%
..28
18.96
First Boston
,:
57
21%
Hartford 8teamboiler Inspect.-10
59%
55%
29.33
Stock
■
65
Companies
Auk
101%
57
r
,
17.73
Fidelity
30
Grande com—.
—
Preferred
■
Aetna
9.05
V.
Bit,
98%
10
27.43
.1
Rio
f.
6.11
series
Low priced bond series
Low priced stock common—-
& Howard-
Fund
Fund
V.
80
St Louis St San Francisco com—
79%
Insurance
Agricultural
Bond
153
6.76
22.52
Balanced
St
Preferred
Francisco—
Aetna Casual & Surety
shares
Balanced
Preferred stock series
Eaton
San
8.15
Mutual
Fund
5.65
3,000
Delaware Fund
&
18.82
15.65
24.68
"
15.97
Dividend Shares
Louis
1st
18.39
2d
Securities com—100 3,200
>————100
1
77
100
?
10.02
Trust
34.29
Commonwealth Invest.—.
St
33.38
Investors
1
102
preferred
43
-
9.11
Investors
Chemical Fund
100
5%
40
:
—•
59.50
58.31
16c
Common
Mass
•
81
•
■Common
Manhattan Bond Fund too-
109.14
Mass
.
Stocks
Chicago Rock Island St Pacifio—
■
25.15
-
79
106
:i
129.85
Sayles Mutual Fund—*
Loomis Sayles Second Fund—10
27.22
f
Aik.
.
7.67
8-4
22.34
>
<
2018
4%s
7.39
6.91
Series
Knickerbocker
Century Shares Trust
Preferred
17.19
25.31
5
Canadian Inv Fund Ltd——1
Christiana
15.63
22.53
I >' /'V4"'l\',
f
S-3—
Loomis
104.77
Fund
Bullock
19.69
10.23
7
Broad Street Invest Co Inc
.
35.85
17.91
V.' Series:
9 3/4
95
Income
32.60
32.67
20.77
7%
—
Fund Inc.
Boston
29.69
S-2—«——«
9.51
1
Blair & Co
_
K-0
19.32
—
B——
1
Fund
Axe-Houghton
9
92
1st 3-4s income—..—1993
22.41
Series
12.28
American
20.42
Series
5.61
104
Denver St Rio Grande-
(Cont
K-l—..
Series S-l
41
39
1
1994
4%s——2019
income
Conv
Series
7.66
7.00
10
Amerex Holding Corp
,
American Business Snares
■
:
"•
1st 4s
Keystone Custodian Funds
9.78
8.92
BM
Chicago Rock Island & Pacific-**'
BUN
Aeronautical Securities.
and If Issued)
as
Xr:.':X
$4-L_.————
102
102%
Lt
4%
106 %
107%
Monongahela Power 4.40%—100
108%
110
1975
103
103%
Ohio
105
105%
Mt States Tel & Tel 2%s
1986
101
102
Pennsylvania Electric 3.70%
Philco Corp. 3%%
Public Serv (Ind)
3.50%
Ruppert (Jacob) 4%%
100
107%
Ohio Public Service
U S El Lt St Pwr Shares A—
107%
109
103%
105
2%s
Power
2%s
Public
Service
3.90%
972
1976
104%
105%
Pennsylvania Electric 2%s__1976
101%
101%
Philadelphia Elec 2%s
FOB NEW YORK CITY BANKS & TRUST COS.—See Page
102%
103%
99%
100 %
3cranton
Electric
103
Scranton
Spring Brook 4.10%
102%
Portland
Gas
1975
3%s_1976
Coke
&
Public Serv (Okla) 2%s
BM
100.18
100.22
.
997/8
100.14
104%
106
^
101%
Sioux
101%
City Gas St El 2%s
>
1975
98%
>.
Federal Home Loan Banks—
0.90%
Oct. .15, 1946
106
108
106%
107%
Union1 QU(Cal)i $3,75-^—
102%
106%
Sioux City G St E 3.90%
100
Union Elec of Mo 3%%——_
99
105%
106
106%
.
—
bl.10%
United States Treasury
Other Issues
100.18
us Conversion
104 %
3s————1947
100%
1981
Panama Canal 3s
130
V
131%
Bid
Ask
Bid
Oct. 3, 1946
b0.375
Aug. 22. 1946
Aug.
29, 1946..
b0.375
0.28%
Oct.
10, 1946—
b0.375
0.35%
b0.375
0.33%
Oct.
17,
1946—
b0.375
0.35%
Sept. 5, 1946
Sept. 12, 1946—
Quotations For U. S. Treasury Notes
Figures after decimal point represent one or more 32ds of a
Matortty—
Int. Rate
1946
tMarch 15, 1947
Wept. 15, 1947
tSept. 15, 1947
SSept. 10. 1948
15.
1 %%
IV* %
1%%
1V*%
1%%
Bid
100.6
100.6
100.20
100.12
101.1
Certificates
t7/8s Sept
100.7
V/aS Oct.
100.21
100.13
101.2
point
Maturity—
Dollar Price 100 Plna
Bid
Ask
of Indebtedness—
Ask
100.7
1
.0053
1, 1946
1, 1946
.0049
.0089
b0.375
0.33%
Oct.
1946_
b0.375
0.35%
b0.375
Sept.
1946—.
b0.375
0.34%
Nov. 7, 1946
b0.375
0.35%
Sept. 26, 1946—
b0.375
0.34%
NOV
b0.375
0.35%
.0065
.0126
t%s
.0094
.0179
.0124
.0197
Dec.
t7/as March 1, 1947
t '/as April
1,
1947
t7/as June 1. 1947
t7/aS July 1, 1947
t7/as Aug.
1,
1947
1
__
19,
24,
Oct.
0.33%
31,
1946—
14,
b0.375
.—
1946
0.34%
0.35%
.0096
V/eS Nov. 1, 1946
1, 1946
t%s Jan. 1, 1947
t%s Feb. 1, 1947
Rills
RRtek quoted Are tor discount *t purchase
Treasury bills—
tDec
3.35%
104%
101%
Aik
Federal Land Bank Bonds—
lHs Oct 1, 1950-1948.—™
lVis May 1, 1962-1950
1%S Jan. 1, 1953-1951
2*48 Feb. 1, 1955-1953
102%
Scranton-Spg Brook 2%s__1976
Seagrams (Joseph)
2%s__.:1966
Obligations Of Governmental Agencies
1975
108%
103%
100%
.0110
.0200
.0132
.0238
.0150
.0273
.0190
.0346
.0211
.0384
.0329
.0518
a
Odd lot
g Formerly
livered*
z
1946,
sales,
Club
x
b Yield price.
Aluminum
included
sale—not
in
range
Ex-dividend*
Alfred
Formerly
y
Utensil
cCash sale,
d Deferred delivery,
e Ex-interest.
fFlat price
Co.
kRemoved to Stock Exchange, r Canadian market. sCash
t Ex-stock dividend.
(Un) Unlisted issue.
wdWhen de¬
for year,
Ex-rights.
*
& Cohn
Decker
;
Inc.;
name
changed
and common stock, split on a 3-for-l basis.
•No par
dividend.-:
tin default.
value,
.
.
r
..
fThese bonds
are
to
_
-
■
Society
subject
to
V
v
.
Brand
.*
Clothes
July
:
29
,
all
Federal
taxes.
...
i
lEx-liouldating
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, August 19, 1946
Week Ended Aug. 10
THE COURSE OF BANK CLEARINGS
1945
t
Bank-clearings this week'Will show an increase compared with a year ago.
for all cities
.corresponding week last year.
will be 60.8 % above those for the
1,026,:
Bethlehem
1,171;
Chester..
,.
,
Philadelphia,..
Our preliminary
1,112'2,40?|;
,
Lancaster
.■■■'
-
fOlOCO.i
.
gain for the week ended Friday of 131.4.
At this center there is a
for the week follows:'
Week Ending Aug. 17—
'
t
>
V
I
^
•
•'■■■
.'
,
388,631,384
u.iiij-i'.n,iiii|>.ian.ilii ■ r»'
-i,n. in,,
<>T»iqT»r
■
■
.
132,595,437
*165,000,000
96,403,281
Other cities, five days
——.■» „ .i-*—
$11,382,115,283
$5,833,649,243
day
1,787,503,557
$7,621,152,800
Total all cities for week
196,645^45
688.101
(7 cities
575,300,754
519,296,113
Virginia—Huntington^..
2
7
,
92
....
Carolina—Charleston
Maryland—Baltimore
+60.8
-
—
3,566,703
231,610,431:
South
—51.4
$12,251,028,750
-
——
1,989,671
2,803,835
4,094,230
odq^bt
-
j
165
...
All cities, one
17,020,400
3 15(
Richmond
+95.1
868,913,467
Total aU cities, five days
21,68
—
Virginia—Norfolk
+ 45.1
1,284^889,700
<•
94,571,593
204,937,567
14,033,100
Fifth Federal Reserve District—Richmond
West
$4,548,759,543 +109.3
1,863,831,278
;
104,957,024
210,868,738
,
Pennsylvania—Pittsburgh
Total
3,552,434
3,946,096
126,60226,85!
>
Mansfield—
Youngstown——
.
+52.0
$9,518,284,005
days
HI
Coiiimbua^^—
+
4 89'
■,
., v.
t
+ 46.9
+54.3
+ 41.3
146,562,006
-
Ten cities, five
201,180,000
District—Cleveland-
Cleveland—
68.1
295,476,000
233,142,884.
_
Baitlmnit.
8,336l<
730,318,:
—,
Cincinnati
+49.7
+
204,560,304
,
Pittsburgh
3,135,!
f7,475,:
;
Ohio—Canton
+119.6
148,185,041
129,600,000
217,800,000
'
-
Ban,.-^,1,^1 -i'm,:f.-,
;
Fourth Federal Reserve
-
+60.5
+92.4
.176,961,029
.
.
221,905,979
t
St. Louis
i.
326,755,754
331,000,000
$ 637,000,000
Kansas City
,
^
Jersey—Trenton.
*
1945,
$2,872,987,928 +131.4
.524,288,883
'■
1
Boston
,
'
T946
Philadelphia
-
York—i.
.
Total (10 cities)
,
V
'
,v:;. ■
Delaware—Wilmington
,
$6,648,916,565
-CM-fig"
Our comparative
New
»lf
NewYorlU—L•
3 843,!
2,115,!
^4
Wilkes-Barre...—..——
TelegrapH
by
Clearings—Returns
^
^
t
2,169,:
Bcranton—
summary
Reading—-
:.
$12,251,028,750 against $7,621,152^800 for the same week in 1945.
at
stands
total
or
Third Federal Reserve District—Philadelphia—
Tennsvlvanla—Altnnna.
advices from the chief
country, indicate that for the week ended Saturday, Aug. 17, clearings
of the United States from which it is possible to obtain weekly clearings
Preliminary figures compiled by us, based upon telegraphic
cities of the
Inc.
Dec. %
District >of
Total
the week covered by the foregoing will appear
We cannot furnish them today, in as much as the week
Columbia—Washington.
55
~"32g
(6 cities)
Complete and exact details for
in
our
issue of next week.
ends Saturday and the
Sixth Federal Reserve District—Atlanta-
Tennessee—Knoxville
Saturday figures are not available at time of going to press.
we
ended Aug. 10.
132
3
Macon
2
Florida—Jacksonville
the aggregate of clear¬
having amounted to $11,320,995,406 against $9,698,484,219
1945. Outside of this city there was a gain of 21.8%, the bank
2,056,407
47,922,232
+32.5
65
-+- 4.2
5
62,446,318
4,898,100
102
247,056
83,708,149
488
408,020,147
Mobile
Mississippi—Vicksburg
Z
II
Total (10 cities)
clearings at this center having
'*•
1st Boston
$
$
442,073,659
383,516,658
6,149,733,577
730,318,166
+39.8
2,802,665
+46.0
27,335,000
+24.5
3,484,427
3,388,608
n
8,738,238
32,592,358
+19.1
7,321,817
+24.5
32,848,330
1,908,177
+59.0
10
+37.2
7,645,232
+44.3
+
627,622
+42.9
%■
7th Chieago-aM.-*
17
**
Louis—
.\'4
Ridhmond0
■
1944
Inc. or
Dec. %
-,v
v
•
j1943
-t
+15.3
333,128,612
5,461,973,362
+12.6
"4,701,333,007
619,911,578
+17.8
599,243,765
646,440,459
575,300,754
+19.6
549,910,314
278,503,069
+17.8
245,304,391
408,020,147
+19.7
367,869,760
519,296,313
260,599,044
347,415,258
'7181111,389
;
560,516,377
+ 28.1
577,054,786
-
:
Eighth Federal
Missouri—flfc.
Kentucky—LouisvilleTennessee—Memphis,
,
rv-i,
,
+30.8
262,206,167
+ 38.8
198,910,290
202,507,044+
7
"
"
373,686,499
310,628,809 ~ +20.3
291,663,645
6
"
186,694,855
139,903,456
123,846,907
118,458,942-
10
"
591,787,009
Ninth
283,691,672
"
Outside New Tork^City—.
+33.4
495^44,208
+19.4
465,427,895
add
our
+16.7
+ 21.8
8,715,899,539
4,167,163,517
St.
8,424,343,882
4,209,783,872
detaled statement showing the figures for each city for
week ended Aug. 10 for
.
Reserve
+3116
4,511,540
4,611,140
146,135,180
+35.0
+'40.1
143,220,993
42,162,170
140,974,021
4,723,:
45,892,993
601,780
+685.0
2,519,
2,602,1
1,666,398
+51.2
1,793,036
+45.2
1,597,851
1,511,639
1,063,233
"7,989,;
4,995,290
+ 59.9
3,752,958
*4/244,358
285,199,
205,449,824
+38.8
198,910,290
202,507,044
64,273,1
Dakota—Fargn—
Helena
-
■
..
Clearings at—
Reserve
1946
8
1945
8
Inc. or
Dec. %
1944
%
1943
8
Hastings,
:
—.
4,382,504
—
371,263,091
329,218,026
+12.8
1,334,776
.
Fall River_^».
1,176,777
+13.4
468,523
+56."3
+30.3
422,177
1,313,111.
.
Lowell
1,806,878
New Bedford
1,386,697
+53;9
+44.2
785,649
3,640,215
283,723,732
972,951
887,124
;
Connecticut—Hartford—
—
—
''
.
r,.—,
891,448
-Wichita
...
190.213
47
285,081
.
5,61
4,237,339
*
-'
.
,93,70
65,997,466
3,323,679
7,472,035
201,631,583
5,61;
:
-
■
"
■■■"
8,9!
City
246,80
St. Joseph..
—...——v..8,92
Colorado—Colorado Springs
1,74
3,517,572
Pueblo.;
;
-406,796'
6,338,104
.1,138,518
1,49
1,049,627
373,68
(tftpiHpg)
291,663,645
1,166,011?
3,522,378
+ 66.8
4,014,167
3,972,435
—
- -
.
Missouri—Kansas
311,477,467!
5,874,907
Springfield
Worcester
1,546,859
.
•Omaha.—
Kansas—Topeka
i
732,267
Portlands
Massachusetts—Boston
*>'*
„
Linp.nln
•
+
*
(7 cities)
Nebraska—41
1,005,261
3,039,736
-
..
Tenth Federal Reserve District—Kansas City-
Districts—Boston— V>
.
,
.
3,158,119
+ 25.8
2,758,028
4,800,544
2,850,225
21,548,778
16,343,218
+31.8
15,441,379
!
15,732,278
Eleventh Federal Reserve District—Dallas—
+
Texas—Austin
5,6
...
■
Haven——
8,666,947
5,864,799
+47.8
'5,307,552
Dallas
5,935,132
New
.
Hampshire—Manchester—
Total
C12 Cities)—
19,936,300
17,576,700
+13.4
14,177,700
13,989,000
1,007,917
756,424
+33.2
571,949
630,402
442,073,659
383,516,658
+15.3
333,128,612
362,283,999
\
.<147,9
20,8
y.,/,: >
1
'
•
..Galveston
——.—'
Wichita Falls—•
;r
:
1
r
Wnrth
Fnrfc
Island—Providence
2,303,151
1,361,627
the
four years:
if!
4,365,1471
5,745,:
197 345
Montana—Billings
■
First Federal
^23
District—Minneapolis-
______________
Paul..
North
Week Ended Aug. 10
Maine—Bangor
560,605,144
339,06
LJ-
Minneapolis
506,034,166
9,698,484,219
4,395,643,746
Federal
Minnesota—Duluth__
Total
now
+28.1
52,69
^
South Dakota—Aberdeen.
11,320,995,406
5,353,867,256
111 cities
2,020,044
f 1,866^695
4,899,190
253,464,886
205,449,824
10
total
>
+33.4
85,32
m
ii„,,
'n" ', ,,;,
560,605,144
>259,215,977
8th Minneapolis
12th San Francisco
1,538,586
ii99,8C
'
.
Total (4 eifctejitV■
10th Kansas City
+
560,652
447,582,767
+38.3
■
Lnnis.,....-.-y'
lliinoia—Qiiincy,
'339,060,926
i
6,585,800
+40.6
560,516,377
362,283,999
4,363,546,455^
285,199,944
Rhode
11,145,879
6,024,137
488,213,505
"
"
**'
"
10
-7
4th. 'Cleveland
New
1,774,235
16,643,240
2,375,808
328,009,203
"
*12
3d Philadelphia
,
2,910,756
2,893.533
Districts:
688,106,734
12 cltlea
.........
New York,
6th Atlanta'
1945
1946
week Endeed Aug. 10—
We
v' t 711,062
4,944,239
+31.6
l,892f71^-+42.d
furnish a summary :by Federal Reserve
Federal Reserve sDistrlcts
11th Dallas
+54.9
+-13.0
28,607,000
SfJMMART OF BANK CLEARINGS
8th St.
+ 19.7
,
In the following we
gth
-
712,044
5,603,944
4,018,357
1,651,975
sj
6.8
+22.9
435,193,389 -+26.3
of 19.4%.
■
+
+59.8
.
Louisiana—New Orleans
recorded an increase of 12:5%. We group the cities
according to the Federal "Reserve Districts in which they are located and from this
it appears 'that in the New York District (including this city) the totals show an
improvement of 12.6% in the Boston Reserve District of 15.8% and in the Philadel¬
phia Reserve District of 17.8%. In the Cleveland Reserve District the totals are
larger by 19.6%, in the Richmond Reserve District by 17.8% and in the Atlanta
Reserve District by 19.7%.
The Chicago ReserveDistrict has to its credit ah-expan¬
sion of 28,1%, the St. Louis Reserve District of 30.8% and the Minneapolis Reserve
District of:38.8%. In the Kansas City Reserve District there is a gain Of 20.3%* in
the Dallas Reserve District of 33.4% and in the-San Francisco Reserve District
+42.5
g3
.
Alabama—Birmingham
"For that week there was an increase of 16.7 %,
12,381,551- + 8.9
38,094.769
+29.5
153,900,000 ~+ 18.4
2,365,565
+36.7
49
Georgia—Atlanta
Augusta
ings for the whole country
in the same week in
13
...
^Nashville
day of the week in all cases has to be estimated.
Tn the 'elaborate detailed statement, however, which yve present further below,
are able to give the final and complete results of the week previous—the week
Accordingly, in the above the last
-
Louisiana—Bhrevflpnrt
Total
.
T
-
r
__
(6 nlMes)
3,5
2,(
6,6
__
186,6
,,
Twelfth Federal Reserve Dlstrict—San Francisco—
Washington—Seattle—1—82,884,133
Yakima
i
Utah—Salt Lake City
8,123,346 '
Pasadena
7,848,974
351,976,000
Francisco
San Jose..
'9,597,576
+28.9
+47.0
+31.3
591,787,009
495,544,208
+19.4
t 11,320,995,406
9,698,484,219
Outside
+16.7
X
,
■
CIO cities)
.
(111 cities)
New
—-
*3,065,295
7,303,317
York—5,353,867,256
tNot included to total.
•
a-<
A +
r.'.
»..i-
1
t o .i -ixi
■
$
7,447,290
;'V:
Total
8,884,863 x—8.6
5,942,164
+32.1
273,133,000
+28.9
•,<;"*
5,562,235
,j
"'
Stockton—
Grand Total
+30.5
+20.0
2,085,300
Santa Barbara.—————x
<
—14.7
2,678,723
67.675,529
^+^ 36,299,219 ' *^25,017,729 X +45.1
California—Long-Beach
San
97,117,375
7
3,495.613
81,193,536
Oregon—Portland
1
$'!<■.
4,395,643,746 * +21.8
46,988,849
3,113,204
Volume 164 VNumber 45 X 7
THE COMMERCIAL & FINANCIAL CHRONICLE
991
>
Foreign Exchange Rates
convertible
/.
.
I
; FOREIGN
'
4
'
-
ft
•
;/
/ p,. ■/
.
"
W
■:
FEDERAL RESERVE BANK TO
EXCHANGE RATES CERTIFIED BY
'
:
$$$<% S—/
■
UNDER TARIFF
TREASURY
/""■•; *
""
ACT
AUG. 9.
-
1946 TO AUG.
Date
.
Page
Co
due'
1960
Sep
1
1
.......
680
681
\
^
3
419
1
681
Hygrade Food Products Corp.—
11
;
'
1st & ref. mtge. conv. 6% bds., ser. A &
B, due 1949_Oct
1
684
Paper Co., 5%
preferred stock
—Aug 27
684
International Rys. of Central America—•
"
,
1st mortgage 5%
bonds.'..—
...^..^..JNov '" i:. : ::J:: ♦
Northern Pacific Ry.—
1
1
'
'
•
s
Collateral trust 4ya% bonds,'due 1975.—Sep
5
426
OF 1930
1
~
^
Fibre
debentures
Devoe & Raynolds Co., Inc.,'2Vb % debentures due
1965_Sep
Elgin, Joliet & Eastern Ry.—
:
•• •
1st mortgage 3V4S, series A, due 1970..,-...
Sep
Empire District Electric Co., 1st mtge. 3J/2S, due" 1969—Sep
Pursuant to the requirements of Section 522 of the 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 n record, for the week just passed:
■'
Company and Issue—
Continental-Diamond
International
15, 1046, INCLUSIVE
,
Noon
0} '#>'
Buying Rate for Cable Transfers In New York
Value
Country and Monetary Unit
■
Aug. 9
argentine,
''4-
peso—
Official
,
In
United States
Aug. 10
r
;Aug. 12
.
Pree.
pound
Belgium,
;
V.;
.053360
—
:
.022845
.022845
,022845
.1)53360
'.022845
.053360
.053360
1.000000
1.000000
.071171
.969375
.570066*
.570066*
k
■
.053360
ENTIRE
Canada, dollar—•.: Official
v
«...
I.OO060O/
1.000000
—
•
1.000000
-
.964921
Colombia,
peso—
Czechoslovakia,
.570066*
•
.570066*
'
V570066*
•
.
.020060—
.020060
koruna
;965312
.965234
...
.
Closed
4.033593
.208767
.208767
.208767
4.033750
4.033593
4.033671
'
France
India
(Metropolitan) franc
(British), rupee
Mexico,
v
.008409
—
.008410
.008410
Z008410
.301824
.301824
.301824
;301824 '
.205946
.205946
.205979
.205963
.377892
.377892
.377893
.377892
'
*9
'
.205946
peso
.377893
Netherlands, guilder
Newfoundland, dollar—
1.000000
1.000000
.968541
Zealand,
,
3.22.7000
.3.227000
3.227000
3227000
3.227000
Norway, krone.
.201612
.201612
.201612
Portugal, escudo
Bpaln, peseta—
.040501
.040501
.040501
New
pound-
,
.278180
—
.278195
Union of South Africa, pound——
.233629
Closed
.562716*
if oncon trolled
^Nominal, rate..
.
;
'►
A
»'j
i-<—/•
' ••'.
(In
*>'/^ K-.
V>
thousands
v-
i/;
•
.
Demand
.A ; '•
Aug. 15,
Aug. 7
"
1946
1945
certificates
Total
Other
for
F.
17,351,207
750,705
R.
a
—
Industrial
1,644
+
+
Great
4,515
1,138
*'"+
13
-
Acceptances purchased
—
23,020
securities:
1,993
—
.562716*
.562716*
Holdings of Treasury notes declined
Iowa
Bills
2%%
millions
(In
+ 1,514,904
—124,320
14,452,339
-
Bonds
'
+106,000
7,771,637
595,600
.Certificates,
of
—
755,290
—
U. £. Govt,
18,320
—
W.:—s.
Aug. 7,
July 31,
Loans and
Total loans and securities—.
Doe
from
23,861,422
83
banks
foreign
Items
Bank premises
Other Assets • V,-
.
+
32,850
,
-i,:—/
-
.
2,472
+
+
59,786
Commercial,
393,140
Industrial,
and agricultural
14,877
36,845
485,625
—
-
2,486,704
.
1
—
52,269 -■#, +
1,115
—
2,422*
8,136
Loans
1
10,090
—
to
brokers
and
dealers
chasing or carrying:
for
44,961,978
+465,416*
+2,312,423
Federal
—
24,334,039
+
|>ank—reserve acct.
16,008,045
—
Treasurer—gen. acct._
Foreign —
Other
557,264
762,160
"533,169
-
Member
667
Other loans for purchasing or carrying:
U. S. Government obligations
16,331
+
84,637*
+1,004,262
——————
'
452
1,338
—
+ 204,262
159,069
+
—
62,206
—
+
26,943
—
deposits
—
17,860,638
Deferred availability Items
Other liabs;( lnd.acbrd.divs.—
2,110,673
"
10,885
.
+
84,362*
"
641
;
667
:
Treasury certificates of Indebtedness
8,908
Treasury notes—
18,476
4,908
615,127
bonds
+
.
26,971
Other securities
3,455
Reserve with Federal Reserve Banks-
1,548
'
10,280
Cash in vault...
Total
liabilities..
—
44,316,235
„
+ 463,804*
+2,211,083
184,111
Surplus
358,355
27,428
paid in
Surplus (Section 7)
13b)
—.
88
Ptyer .capital Accounts..—.—
Total liabilities &cap. accts..
44,961,978
+
serves
dote
gold
to
certificate
Commitments
$1
fnane
1,524
263
—
465,416*
Demand deposits adjusted—.
7
make
42.9%
Debits
6,102
+
-:
'
414
to
—
71
5
—
27
530
—
+
30':*
+
-stock,! series A—
+
56
+
Gov't
•Announcement
Vol. 163.
hanks
of the
Federal
Reserve Bystem
in
101
30
+
918
—697.
—1,554
47
—4,603
35
—
+
—
+1,758
26
+
149
+
495
59
+
+•..
—
—
73
41
89
—
—293
+
2,007
33
+ 1,383
63
14
194
232
21
67
accounts,
loans
creased $57,000,000 in New York
City, $18,000,000 in the
San Francisco District, $14,000,000 in the
Chicago Dis- '
trict, and $118,000,000 at all reporting members. Loans 1.
for purchasing-or .carrying
securities declined $133,000,000, ei*vhich;$128,000,000 was' in New York City.
Treasury certificates of ; indebtedness
declined in nearly all districts, the principal decreases
being $370,000,000 in New York City, $78,000,000 in the
Chicago District, $67,000,000 in the San Francisco Dis-v
Holdings
trict,:, $42,000,000 in the Cleveland District,
and
$40,-
-
Boston District.:.; Holdings of Treasury!
bills declined $29,000,000 in the Chicago District, $28,000,000 in New York City, and $106,000,000 at all report- r
000,000 in
PARTIAL
the
■
ing member banks, and increased $24,000,000. in the San
Company and Issue—
Alreon
-
6%
•
-
•
•
Page
•
♦
727
*
Date
■
Page
Aug 31
269
415
1
;
Optional $3 conv. preference stock, series of
•/l929-..-$ep
2
551
1969....J9ep
'7
822
4ltt
Issue;
VoL
161.
Name of Comvant
Abbott Laboratories
.Sep
3
•;;:'i;l8t'«nd ref. -mortgage 4% -bonds, series D, due 1962_Sep
1
<53130
series
52015
870
3
7*
A, due 1965
Chicago &-Western Indiana RR.—•
...
^
Vol.
870
■
$2490
;; J2901.
162.
Sin
;
.
When '
'
v
Share
,
;
quar.)
60o
,
8-20.'|
9-10
8-22
^*31
Stores
9-16
10- 1
(quar,)——$1.18%
common-—
*
20o
Co.
9-(10
; 97MsC
pfd.
(accum»)
35c
■
8-28
10-15
9-20.
10-1
;
$1.75
(increased)
8-20
9- 4
;
9-38
8-31 *
9- 1
Anderson Prichard Oil Corp.—
4V2%
Apex .Smelting
—
Archer-Daniels-Midland
Rubber,
$1.65
common
(initial)
(quar.)
8-20
.
—
56 %o.
25c
41 Vic
9-80
9- 3
.9- 3
$1.75
10-11
(Sidney) & Co:
City Manufacturing
Manufacturing Co.,
-
(extra)
'
Corporation, Inc. (quar.)
British Columbia Packers—1 -y—r
A
(initial
Class
B
(Initial)
—
^
s-a)
-
„
8-30
30c
60c
$!
.
_
8-19
9-10
9- 5
8-„0
8-20
.8-20
\\q,!
-8-24
9-10
':50c
40c
$37%c
$12Vio
9- 1
2*30
9-16
9- 1
9- 1
9- 1
9-13
-—
9-12 ;.J. 8-30
25c
$1.25
.
—
8-20
„
25c
—
(quar.)
9-16
8-20
9-10
9-15
$4.20 pfd. (initial quar.)—,' $1.05
5 % "preferred (final)
:.
$1.42
Blumenthal
.
— —
,
12V&0
——
Belknap Hardware & Manufacturing—
Irregular
—
Bendix Aviation Corp.^_
""
Berghoff Brewing Corp.————^—
Bird & Son, Inc., 5% preferred (quar.)—
Black Hills Power & Light Co. com. (quar.)
Boss
•
10-1
10-1
.
Works, common "(quar.)—
convertible preferred
(quar.) ——
Gear
Bangor Hydro; Electric, 7% pfd.
Beau vBrummell Ties,
Inc.—
9-3
8-31
25c
' 25c
class
Atlas ImpeHal'Diesel .Engine—
Series A. preferred (initial quar.)
Automotive
9-16
9-16
9-16
9-16
-59%c ; TO* 4-;, '9-16
50c
9-30
9-12
A (increased)
Class B (increased)—:—-—
4% % convertible preferred (quar.),
Associates Investment Co,
(quar.),.—
Armstrong
9-30
25c
20c
(quar.)——
Co. (quar.)
53c
preferred
Class
—
of Ree.
10-15
9-10
10-1
9-14
9^14
Electric—
preferred
American
Boldm
v Payable
pfd. (irreg.)
$1
Aluminum Co. of Affltrica, common—50c
6%
preferred
(quar.)
$1.50
Aluminum Industries (quar.)-_.—
15o
American Factors Ltd. (quar.)
——
30o
Breeze
-416
4s,
Sin
4%
Border
Carolina, Clinchfleld & Ohio' Ry.—
mtge.
,1
.
The dividends announced this week are:
New
52824
Oct
preferred stock
Brooklyn Union Gas Co.^ 4% debentures due
1st
596
.
declared.
4% %
REDEMPTION
Mfg. Co., 60-cent convertible preferred stock
Bangor Hydro-Electric Co.,
Blue Ridge Corp.—
52769
53144
-
American Public Service, T%
Company and IssuerDate
Caribbean Sugar Co., 1st mtge. 7% .bonds, due. 1941
Sep
9
Chanin Building, 1st mtge. Leasehold .4 % income bonds.Aug 15
Lackawanna Laundry Co., Inc., 1st (closed)
mtge. 6yiS_Sep
3
Melville Shoe Corp., 4%
preferred stock
Aug 20
St. Joseph
Grand Island Ry.—
,,
»
1st mortgage 4% bonds due 1947^^^^^.^+.^..iAny time
of
•
52769
are
Common ' (increased
The- date indicates the ^redemption ..or last date for mak¬
in¬
52447
*
:
agricultural
731
I
,
American Machine i& Foundry,
3.90% preferred (quar.)
•.
industrial, -^and
595
1
,
series E. due 1960....Oet
...
14,994
United States Government deposits, reflecting the partial £ ing tenders,; and the page number gives the location in
jredemptiom hf^iseries Df .maturing certificates--and 1 i- which the details were given in the "Chronicle."
.V
Treasury calls pn war loan deposits.
NOTICES OF TENDER
•
...LSep
.......
731
'
grouped in two separate tables.
In the
first we bring together all the dividends announced the
cufrent week.
Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
ord of past; dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
138
Below will be found a list of corporate bonds, notes,
preferred and common stocks called for Redemption,
including those called under sinking fund provisions.
following principal changes for. the week
ended Aug; 7: Decreases of $697,000,000 in
holdings of
Treasury certificates of indebtedness and $712,000,000 in
730
52822
DIVIDENDS
Dividends
—6,764
+
Notices
leading
Aug 24
^G.
491
—
—106
Redemption Calls and Sinking Fund
cities shows the
Commercial,
this
in
American Gas. 8;
The condition statement of weekly reporting member
282
282
65
+
>—712
deposit accounts except
S.
1
1
1947....—Any time
-y^y;"p9r
U.
*
285
—
revised.
Condition Statement of Member Banks
.—Sep
....Sep
stock, series B
....
Refrigerator Line Co.—
equipment trust certificates, series N
558
54
6 "•
—
1,259
and
1
series A, due 2022
July 1,'47
Walworth Po.^ 20-year 1st xntge. 4% bonds due 1955..0pt .1
196
—
6,642
during week.
943
Sep
280
•
Texas;Power.& Light Po.—
6% ; gold debenture bonds,
489
—
9,437
demand
Interbank
lndus-
.1—
figures
10,192
Foreign banks
Borrowings.
1.4%
-
1968
preferred
Domestic banks
+2,312,423
.1%
—
39,069
U. S. Government deposits.
Interbank deposits:
41,727
re¬
combined
to
2,102
Time deposits
deposit vandFiR,
liabilities
'August
12,602
130,202
+
+i
of
+
+
75,849
Ratio
2,222
Liabilities-
Capital
(Section
—
580
Balances with domestic banks.
Capital Accounts-
due
20-year 6% ?gold notes due 1948....;^—Oct
Sunray Oil Corp., 3%% debentures, due 1959
Sep
Superior Oil ;CQ., 3ya%-debentures, ,diie 1956..,
!— ^Sep
+1,902
+
(Including guaranteed
815,484
+
1,962
Treasury bills—
.329,371
+
363,752
+
—
133
Other loans.
U. S.
Total
•*
Loans to banks
U. S.
35
+ 118
'
1,328
■
Real estate loans-
778,924
■
,
—
683
51513
683
422
H3136
.
861
Other securities.
Reserve notes
Deposits:
debentures
Standard Gas & Electric Co.—
—3,266
: 44
-
Total, assets
—876
pur¬
U. S. Government obligations
Other securities
-liabilities—
5%
.
$
investments—total.
Loans—total
27
—
128,318
F. R. notes of other banks
Uncollected
+1,677,473
18,698
—
827
,
1945 '; i
$
555
'
Schulte Real Estate Co., Inc., income debs, due 1951—Oct -1
Scranton-Spring Brook Water Service'Co<—
Bcranton- Gas & -Water Co.; 1st -mtge. ^VaS due
1958^Sep
1
Spring Brook Water Supply Co.—
:
1st refunding mortgage 5s, due 1965
Oct
1
Seagram (Joseph E.) & Sons, Inc., 3J/4% debs, due 1965_Sep
2
Southern'Pacific C0s, i40-year 4y«%-4>onds, due 1968
.Sep
1
Aug. 8,
1946
$
Assets—
+1|706,328
^
Co.,
Public Utilities Consolidated Corp.—
lst
mtge.' 5y2S -due 1948—........
Increase ( + ) or
Decrease (—) Since
357,352
23,574,866
securities
113417
Pennsylvania Gas & Electric Co<—
►
1st lien and ref. mtge. 5J/a% and 5% bonds—.....Sep- 1
Phillips Hotel Operating Co,, lst: leasehold bonds—.—Sep 15
dollars)
1946
Total
Service
Rochester Telephone Corp.—
1st'& ref. mtge. 2Yb% bonds,
-1,102,350
•
12
Co.—
Northern New' York Utilities, Inc.—• •
1st lien & ref. 6% bonds, series B, due
_
1,651,126
+
Public
$5.50
"
.
727
727
727
554
555
Sep
preferred stock
,1
1
North Western
> '
<■
Inc., 7%
681
Dec
Sep
—
Co.,
Co.,
■
Northern
Mead Corp.—
$6 preferred
*
-
&
1st mtge^ 6s.
7% preferred stock
■
Koppers Co.; Inc.>f 4%% preferred 5 stocks..
31
Liberty Aircraft Products Corp., $1.25 preferred stock—_Sep -*5
Masonite Corp.,
preferred stock—
Oct
1
declined
member banks follows: 4 ?
22,974
+
4,906
—
;■ 49.836
—
due
5s
Ry.—
4Va% gen. mtge. gold bonds, series E, due 1977...July 1; '47
Haverty Furniture Cos., Inc., convertible preferred stock-Aug 25 •
Hiram Walker-Gooderham &
Worts, Ltd., pref. stock—Aug 27
Illinois Power & Light Corp., 5ya % deb. bonds due J957_Sep
1
Indianapolis Union Ry.—
Ref. is lmprov. mortgage, series B 3yas, due 1986—Sep
1
Iowa Electric Light & Power.COv-+
«
1st mtge.'bonds, ?3ya% series A, and 3%% series'B-^Aug 26 '
.658300*
$36,000,000 in New York City
and $21,000,000 at all reporting member banks, and in¬
creased *$14,000,000 in the Minneapolis District and
$10,000,000 in the Chicago District.
A summary of the assets and liabilities of reporting
83,201
+
Borrowings
132,996
184
262,398
loans
U./ 8. Govt,
75,104
+
advances
and
58,892
+
""298,420
————
Discounts
+
642
—
18,101,912
gold ctf. reserves
cash
1,002
—
mtge.
1st mtge, bonds, ser.-A-and-ser< B, due 1969.„—Aug 20
Phoenix Corp., 4% conv. subordinated debs—Sep 16
Great Lakes Paper Co.,
Ltd., 1st mtge. 5s, due 1956
Oct
1
United States Government deposits declined
in all districts.
—
Redemption fund
1st
General
deposits
$33,000,000.
.Assets—
Co.,
3%%
.233628
4.005000
.658300*
Simon
Gatineau' Power
278181
.233628
adjusted declined $152,000,000 in
New York City, $54,000,000 in the Chicago District,
$37,000,000 in the Kansas City District, and $293,000,000
at all reporting member banks.
Time deposits increased
Inc. (+) or Dec. <—> Since
194S
Ok)kl
Franklin
$47,000,000 and holdings of United States Government
bonds increased $35,000,000.
dollars)
of
Aug. 14
g; notes
.091323
4.005000
.562716*
.562716*
Francisco District.
Reserve Banks fiombined
;
El Paso Natural Gas
••Temporarily omitted.
Statement of Oonditienof the 12 Federal
'■
Dierks Investment Co.,
.658300*
;658300*
.658300*
'*
4.005000
4.005000
4.005000
—
Uruguay, peso*—
Controlled,
679
553
.201612
.278181
.278180
.233629
(subordinated) due 1961_Sep
4
678
678
.091323
.233628
.......—
,—
Bwitserland, franc.—....
678
52142
Power
';040501
*
Sweden, krona—
549
415
1
1
1
&
.040501
.091323
.091323
1
3
1951—Any time
Electric
.201612
'
.091323
Pago
Light & Power Co.—
'
1st mortgage
3^8, due 4966—;
..Aug 29
Citizens Utilities Co.K 5'/a % 1st mtge. bonds, due 1948-Sep
1
Delaware-New- Jersey Ferry Co.,
preferred stock
Sep 30
.967083
•
.962708
466
734
1 :
Date
25-year debentures series A
Butte
1.000000
.963125
1.000000
.962500
1869
16
;
'
Central Arizona
'
Closed
1.000000
Official
"1
Blumenthal (Sidney) & Co., Inc., 7% preferred stock—Oct
Bridgeport Gas Light Co., 3% debentures due 1952
Aug 30
Bums Bros.—
.008404:
.301824
.
Italy, lira——
731
i/!" ','
Albany Perforated Wrapping Paper Co.—
1st mtge, and col.! trust
20-yr. -6% bonds due 1948
Oct
Armour & Co., 1st mtge.,
3y»s, series E, due 1964
Sep
Bessemer Limestone & Cement Co., 6% preferred stock.Oct
.020060
.020060
.020060
.208767
4-033671
.208767
—
1
"
CALLED
Company and Issue—
-
Denmark, krone,
England, pound sterling.:;—..
ISSUES
•!,.
v
trust"3V*% bonds due 1964...
Sep
Depot Co.—
'( 'i
■
1st At ref. mtge, series B 3Va%' bonds due I971--Oct
Virginian Ry.*—
8% .1st Hen & ref. mortgage bonds, series B, due 1995_Sep
Western Auto Supply Qoi, 3^1% debentures, due 1955..Sep
3.214113
/
3.214113
—
>
mtge. & collat.
Saint <Paul> Union
.251247*
.251247*
.251247*
3.214113
3.214113
f
Brasll, cruzelro^Offidal-
Pennsylvania Water & Power Co.—
.297733*
.297733*
.297733
,:251247*
Closed
.022858
_
Aug. 15
Aug. 14
Ref,
3.214113
_
franc—
Aug. 13
—
.297733*
.251247*
Auatralla.
„
$
.297733*
,
,
Money
.
8-12
8-30
9-16
>9-16
8-31
8-31
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
■
•
■
•
:
Registered
"Bearer '(quar.)'
Canada
Mortgage
««•—««•'•«•
«• ••.
50c
-■
$1.37% y
8-10
8-31
Wilson
10- 1
9-16
9-14
(accum.)
40C
Extra
•
„
9- 3
Gas
12-21
10-1
$3c
9-16
-Common:
■■
/
9-26
9-6
IOC
y
37%C
$25c
$62Vic
*
8-15
10- 1
*
35c
y
,,
.
8-26 ,/
9-16'
5%
,
8-23
,
Cork International
B
B
-{Bass
.
.
Drug
Alpha
4%
16- 1
9-10
$1.75
; 30C
-;
40C;
25C
i
9-
100%
American Bank Note
2
Chemical
jV$1 - preferred 1 (quar.)
Dominguez
New
1st
75C
$1.50
$1.75
preferred
1st
;50c
i
$1
(quar.)—.
(quar.)™.—
American
Co.—
£■' -ExtraAmerican
-™.—
!»*«#>«
6%
(quar.)
BuffetCorp*
Coe
& Gregg
United
;Common
Florida
•"
—.....
American
4%%
6%
5%
2nd
class A
9-16
9-16
4190
9- 1
(initial)
$31V4C
9- 1
8-22
tlOc
9- 1
9-11
8-10
/
-
25c
/
non-cum.
Extra
••
8-31
8-20
$50c
9-14
8-31
$3
$1
$1
;.
Corp.,
"
8-26*
.
•*.—
1st
Atlanta & Charlotte Air Line Ry. Co., (s-a)
Atlanta Gas Light 4%% preferred (quar.) —
8-31
8-28
Atlantic Coast Line RR.
8-28
8-15
Atlantic
10c
50c
Powder- -y—y——.y.—fcy-,uy-*y—.yy/u
Atlas Tack Corp. (quar.)..—
—
Aunor Gold Mines, Ltd. (quar.)—
9-16
10c
9-27
9-16
Auto
25c
9-16
Autocar Company
41%C
9- 3
50c
9- 3
,
58%C
/
(quar.)
(quar.) —
Co.
Atlas
9-16
15C
./
Refining
Atchison Topeka & Sante Fe, common—.
Atlas
Corporation (increased)
9-30
,
25c
£
—.
preferred (quar.)
preferred (quar.)
Spring Corp. (initial)
10-1
Finance
Corp., common (extra)..
(stock dividend)—
share of 5% convertible preferred C
for each 15 shares of common stock
One
held
9- 3
—
9-30
5% series A convertible preferred (quar.).
5% preferred B (quar.)————
——
Automatic Canteen Co. of America (quar.) -
37%c
9-30
Avon
$1.12%
9-16
.9-16
9-10
25C
--™™_«.
8-15
75C
9-30
25C
——
shares (s-a) ™-™_«_y_-™
International
Cigar Machinery " ™—
International Harvester
(quar.)
International Bronze Powders, Ltd. com.™
25c
-.iJ
;
30c
-i
(quar,).——————(monthly)—
.....—.
.......
Baldwin
Locomotive Works, 7% pfd. (s-a)
Building, Inc. (quar.)——..... — ■
Baltimore Porcelain Steel, 7% pfd. (quar.).
Balfour
7%
Utilities™—™'™———
Products
Mills
'Monthly.... ™
partic. preferred (quar.)——1—-™
Bakeries, $5 pfd. (accum.)
pfd. (s-a)—,
Allied
Avondale
Interstate
Jefferson Lake Sulphur 7%
Ordinary
for
2nd
Associated
9-20
13C
group
Southern
—
- ■ Extra
.7%
-
10c
common
Final—™—™.—^
6%
,
$15c
Institutional Shares, Ltd.—*
Iowa
£
.Participating/ ,».rti»*y*yy/yyw*«.yi»»—
Argus Corp., Ltd.-^4%% cqnv. pref. (quar.)
Armour & Company—
$6 convertible prior preferred (accum.)..
Armstrong Cork Co., common (Interim).
$3.75 preferred (quar.) y—y
Aro Equipment, 4%% pfd. (initial quar.)—
Artloom Corporation (quar.)...
Associated Dry Goods Corp.-«t
/ \
y
<New common (initial quar.)
M
12%c
(increased)
5% , preferred
™_——^
—___
Industrial Brownhoist Corp.—
60c convertible 1st preferred (accum.)—
Bank
9- 8
94c
Heywood-W akefield Co. com.
5%
preferred B (quar.) ™_.._...™™
Hinde & Dauch Paper Co. of Canada, Ltd.—
Quarterly ——
—
Holophane Company (irreg.) ™-—
Gas
(accum.)
Inc.
12 %C
Brewing
pfd.
/ /
(quar.)
prier preferred
6%
;
Natural
,8-31
66%c
Hendry (C. J.) Company, 5%% pfd. (quar.)
Hershey
Creameryv (quar.).™-*^-.....—.
Houston
8-21
8-16;
8-15
9-16
9-16
30C
•—
(G.)
9-2
8-23 /
75c
^
Hazeltine' .Corp...
Heilman
8-31
$1.50
,
preference (quar.)
$4 prior' pref. (quar>l»y;
Hathaway Mfg. Co. (quar.)
$3
7%
inc^
y
...—-
.
Co.—
Co.,
(quar.)
Arden Farms Co., common (irreg.)
$3 participating preferred—
8-22
$5--
>;
...
Indemnity Co. (quar.)
Great Lakes Plating (quar.).—
...
Great Northern Paper Co———
Green Mountain Power, $6 pfd. (accum.)—
Great West Saddlery 6%
1st pfd. (quar.)
6% 2nd preferred (quar.)
Gulf Power, $6 preferred (quar.)
—
-Hammond Instrument (increased quar.)—y
Hanley (JTames), 7 % preferred
(quar.)
Common' (quar.)
Harbauer Company, (resumed)
.
Tobacco
—
(quar.).
—
Woolen
Anheuser-Busch,
8-31*
8-31*
$1
American
Hartman
quar.)—
—
Anglo-Iranian Oil Co., Ltd.—
American Deposit Receipts
(final)
-
-
Co.—
preferred (s-a) __—
preferred (s-a)™——
Grafton & Co.
B
——
(quar.)
Rutgers Fire Insurance
&
Junior
Bottle—
(quar.).—
Anglo-Canadian Telephone, class A (quar.).
yy/;/':Pr:cash;y£U*.yi;-;--;iii-^^
$5
-
(initial
Anchor Post Products/
6%
prior preferred
.
Rubber
Thermos
American
,
&
*
(quar.)
preferred
Class
preferred
Tire
preferred (quar.)-.—
Co.
(bi-monthly)
American Tobacco Co., common
(quar.)
Food Machinery Corp. (increased)..™^.—
Garfield Building (irreg.)--.*—™-*-.™.—
Gaylord Container Corp. com. (quar.)
5% %. preferred (quar.)
General Shareholdings--'
■■■'■
,/
y
'
1
$6 preferred (quar.)
optional 44-l,000ths
share of common for each share held*
General
News
preferred
preferred (quar.)__
Rolling Mill, common
preferred (quar.)—
American Smelting & Refining, com. (quar.)
American Steel Foundries (quar.)
American Sugar Refining Co., 7% pfd. (quar.)
Power
$2.50
Metal Co., Ltd., common
non-cum.
4%%
Cleaning & Dyeing Co.—
:(quar.)
Illinois (quar.)
Ry. Co.—;
—
American
Corp. (increase'd) __———
Food Fair Stores, common (quar.)
Great
of
7%
(initial (quar.)
,
$1.50 non-cum. class A (quar.)...
Federal Mining $ Smelting.^^—
y
:
y
American Paper Goods, 7% pfd. (quar.)
American Radiator
Standard Sanitary, com.
./■
(quar.)™™.™—
,
—
(s-a)
Investment Co.
American
7%
Federal Bake Shops new com.
Electric—
Y
-
•
Co.
American
Federal
Globe
Leather—
&
i
/Erie. Ccach
Fenton
Hide
preferred
(quar)
—
Baltimore Radio Show,
6%
.
M
r *
t
.
.
*
preferred
:
V
r
*
•
■
1
> *
•
>
common
(quar.)....
(qua?.)—
V
n
H
H
*
M
14 >'«•
4
V
*
41
f
s
*•
V
■
"■ V -««.
■
-V
.
y/.y. >.
,
•
9-11
$1.75
;
12
American Laundry Machine
American Meter Co.
(quar.)
Exchange
8-31
$1.50
6% convertible preferred (quar.)
American Home Products (monthly)
American Indemnity Co.—
(quar.).
com.
;
9-12
9-20*
Forging & Socket
Boat
4Vi%
8- 6
9-20*
preferred
(increased)...
participating preferred (quar.)
Electric
8-10
(irreg.)
Shares, Inc
American Insurance
(quar.).
Co.
Hoe, common
American General Corp., $2 pfd. (quar.)
$2.50 preferred (quar.)
$3 preferred (quar.)
American Hair & Felt Co., common (quar.)—
6% 1st preferred (quar.)
$6 2nd preferred (quar.)
Empire District Electric, common (quar.)..
English Electric, Ltd* class A (quar.)..;—-
Faber
Board
5*
9- 5*
American Fork &
25C
—
Massachusetts Street Railway
Eastern
Business
American
$2.25
Chemicals—
Edison Brothers Stores,
8-15
Co., com. (increased)—
(quar.)
American Chicle Co. (quar.)
American & Foreign Power Co.—
$6 preferred (accum.)™
$7 preferred (accum.)
37 %C
preferred
Box
7%
50c
(initial quar.)
common
6%
5%
&
8-20
American Can Co., 7% preferred (quar.)
American Car & Foundry, common
j-a. y
(monthly)
Fields
Oil
Light,
Plastics
Durez
pfd.
(quar.)™
American
$30c
com.
certificates
preferred
American
5%
preferred
(quar.)
Dobeckmun Company..—._™™—™
&
9-
6%
reg—
..
9-16
9-30
8%
Asphalt Roof Corp.
8-31
v
ord.
8- 2
(quar.)
(quar.)
American Auto Insurance (St. Louis) (quar.)
,
.
8- 9
Co
Arch
American
9-10
133/ic
9-16*
common-
(quar.)—
common
American
9-10
/
$1.25
7-31
preferred (initial quar.)
Goods Manufacturing,
6%
preferred (quar.)
Amalgamated Leather Cos.
9-12
10-15
10c
50C
■:
Duquesne
(quar.)
Aluminum
Aluminum Ltd.,
9-30
(quar.).™,-..™
deposit receipts for
Distillers-Seagrams, Ltd.—
New common (initial quar.)
Tar
Co.
Cement
Portland
Aluminum Co. of Canada—
Corp.—
American
trust
Laboratories
Corp., common
preferred (quar.)
Allis-Chalmers Mfg.
class A
Stores
Distillers Co., Ltd.—
Voting
Investing—
(accum.)™
Stores
4%
.^^__™.._.'™_—
Dominion
International
Allied
•Dewey & Almy Chemical Co,, common—-.-.
■
(quar.)
———..i-—™.
preferred
Allied
—
(quar.).™^w..-/->»
(quar.) —™y—yy—
-
(quar.)
-
$3
$1 class A;'(accum.).«--i--i*--.jy-^i--iii.
partic. pfd. (accum.)
This above payment clears all arrears
6%
partic. pfd.(quar.)__;U—
Class
—™.
(increased)
.
Davis Leather, class A
;'
of Sea^
Vicksburg Ry. Co. (s-a)_™
Allegheny Ludlum Steel
,L
.Special;
y /
Holders
Alabama &
,
common
Cunningham
Co.
Manufacturing Corp.
Associates, Inc. (quar.)
Extra
Crown Overall Mfg. 6%
-
Steel
Agnew-Surpass Shoe Stores, Ltd,
Ainsworth
Steel com. (quar,)—™.*—•-•—.
preferred (quar.).™
Cornell-Dubilier Electric, com.
(quar.)™..
$5.25 series A preferred (quar.)
.
y
preferred (quar.)—
Acme
8-26
9-10
Wnen
Payable
Acadia-Atlantic Sugar Refineries, Ltd.—
Class A preferential partic. (quar.)
Air
Copperweld
Crown
8,-13
Per
8r 5
™.
,'10-15
■
(accum.)
Consolidated Gas Utilities
(quar.)—
Consumers Company, $3 preferred™
Consumers Power Co., $4.50 pfd. (quar.)...
Continental Assurance, Chicago (quar.™—
5%
9-14
?
Share
Name of Company
y(quar.)yliy^iyi/^4-^-^^-^---«?
Consolidated Cement, $1.40
•
7-15-47
1
9-16
.
8-15
—
preferred (quar.)
Conde Nast Publications, Inc.—
dividend
10-
?
we
8-15
25c
Allied
4%
Stock
8-1-47
t$l
,
_r
(Phila.)
11-
37 %c
8-16
25c
/'Ay
__
5% 1st preferred (quar.)
Commonwealth Title Co.
1-15-47
5-1-47 4-15-47
9-9
Electric—
&
10-15
2-1-47
3;%c
give the dividends announced In previous
The list does not include divl-*
dends announced this week, these being given in th#
preceding table.
\
\-
Clark Equipment
Coast Counties
1
37%C
weeks and not yet paid.
8-21
1-2-47
$1.75
CO., common-!—
5% preferred (quar.).™
Cleveland Hobbing Machine
37 %c
K
9-9
Knitting Ltd. (quar.)—!
yyyi-'.——..-..*.y™-™*.™y!.;-*
■
9-10
Company, common
preferred (quar.)™™™,
Below
8-21
10- 1
Circle Bar
;
9-24
8-24
8-30
9-3
$2
preferred (quar.) :_...__™_™—,
Rivet & Machine Co. (quar.).—y
Street Railway (quar.)__
_i
62 %o
3?
$4.50
9- 3
9-13 '
$1.75
prior lien preferred (accum.)
Central Vermont, Public Service com—
4.15%
/
'9-18
30c
$7
Chicago
8-24
9-14
12%c'
Cincinnati
9-13
8-20
9-1
-8" 5
25c
Utilities Co.—
West
9-13
1
9-1
60C
8-20
37%C
(quar.).™——-—,
10-
:
$1.50
(initial quar.)...™———
Illinois Light 4%% pfd. (quar.) —
preferred
(quar.)..
Water Power—
25c
common
South
Mills
9-16
50c
J*
:
50c
Washington
$6 < preferred
8- 5
'
1
(quar.)™™...™.
Williams (R. C.)
Company™.
;
Willson Products, Inc.™—™
Central Ohio Light & Power—
&
Wamsutta
;8-20
10-
$1.75
100%
____™
Telephone & Telegraph (quar.)..
I.) Company, common_._yi_™„
preferred (quar.) ..*_™—
™.
Central Bag & Burlap—
$6 prior lien
9-16 '
8-15
19-10
(J.
Central
8-19
8-15
'
/
1%
preferred
9-16
v
9-1
Carolina
•3.6%
,
.?
/v. $1.501 class A:4accqm.)-^wi.i^-;j-ri-i-wi
Extra
8-31
1
9- 1
:
Company™™...
20C
Vinegars,; Ltd. (quar.)
Pacific Railway™..
Ltd.—
New
9-16
10-
BoUers
of Reett
Payable
50c
Virginian Railway, common (quar.)
:
6%, preferred
(quar.)
6%< preferred {quar.)™..™.^™
6%
preferred
(quar.)..
y.
6% preferred (quar.)™.
;
Wabasso Cotton, Ltd, (quar.)
*
9»' 3
9-14
<
.
25c
(quar.)
Canadian
Central
8-26
30C
Canadian 'Witebound; Boxes,
Case
Van
$1,12% ,10- 1
——..._™.™™
Permanent
Canada
8-26
9-10
15C
8-26
U, S. Gypsum Co., common (quay.)
7%
preferred (quar.)™__
Raalte
When
Share
,
9-10
50o
12 %c
(quar.);
Name of Company
9-2
' 9-10
j
25c
$1,12%
,
,
rP*
of Reo.
9-9
40%
■
Hoiaere
,
Payable
50C
Brooklyn Borough Gas Co.J common--!-*--,.
! 4.40 % preferred (quar.) _—
Bullock's, Incorporated
(increased)
Burlington Steel, Ltd. (quar.)..—
Canada Cycle & Motor* Ltd.—
5%
1st pref. (quar.) ™—
Canada Foundries & Forgings, Ltd.—
Class ■ A (quar,) —y.™yy-y-yyy----.-.-;--U
Canada Malting Co., Ltd.—
*•
'
,
When
y
Share
Name of Company
Monday, August 19, 194$
•
■
fFt.yu
9-11
%C
8-31
25c
9-14
50c
/
9-
1
62%C
9-1
750
9-1
12%c
10- 1
$1.50
10- 1
$1.50
10-1
Volume
993
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4517
164
When
of Rea
;■;;C:when
■
•
1
Share < Payable
Boiaert
Payable
Holiere
When
Per
H
"
Name of Company ■
Bangor Hydro-Electric 6%
Barber
(W.
n
pfd.—
•
of
Oil
8-10
9-15
..
Co,..Ill*.-***.*..***.*.*.».--;*
9-15
8-31
8-20
8-15
20c
9-
1
8-16
$1.20 class A (quar.)
30C
9-
1
8-16
25C
9-
7
8-15
.
7%
5 %
preferred
2
8- 2
9-13
8-29
9-
3
8-15
t$1.75
10-
1
9-10
Clearing
$1.18%
9-
2
8-15
Shoe Corp.—
,%k 4% %
preferred (quar.)
Belden Manufacturing Co. (quar.)—
Belding-Corticellt, Ltd., common (quar.)
1
8-17
1
8-31
10-
1
8-31
9-
1
8-15
Coca-Cola
9-1
8-15
Cockshutt
9-3
8-21
9-3
8-21;
10-
1
9-
3
9- 6
9-
3
8-15'
9-
30C
%
h.
15C
.
2
8-15
Colorado
9-16
9-10
9-
3
8-12.
.
9-15
$1.50
9-30
9-25
$3 conv. pfd. (quar.) "Optional" (cash or
\>\ A share of; common stock)—
—
Blumenthal (Sidney), common (quar.)——
7% preferred (final),
—_——
•
.•
'
■%
Borden Company (interim)
Boston Fund
***
'Boston Real Estate Trust——
Boston Woven Hose & Rubber Co.
(quar.).—
Bower Roller Bearing
Bowser (S. P.)
50c
8-22-
8-26
8-15
Confederation Life Association
9-
3
9-
30c
—
!
1
8-20
9-
3
8-24
(quar.)—:—
35C
15C
8-22
8-12
Brewing Corp. of America (quar.)—
f Bristol-Myers Corp., common (interim) —
3%% participating preference (quar.) —
British-American Bank Note Co., Ltd. (quar.)
British-American Oil Co., Ltd. (quar.)
62 %c
9-10
8-24
%
60c
9- 3
93 %c
10-15
$25c
$25c
8-15
10-
dividend
100%
.—-
Brown-McLaren Manufacturing
*
Brown
*
Shoe
Company,
$3.60 preferred
*
Brack Silk Mills,
Buell
Die
1
9-
Buffalo
Bunker
8-23
8-
4%
10-15
9-15
8-15
Consolidated
Paper Co.
9-16
9-
Consolidated
Press
3
1
9-14
8-16
9-
8-20*
trating
3
8-16
8-29
8-19
iiVC
Mining
8-26
45C
9-
3
12 %c
Burlington~Mills," new
9- 3
8-
>;
3»/a%
2nd preferred
conv.
(quar.)
9-
1
8-
8
Cook Paint &
9-
1
8-
8
8-31
Butler Brothers,
7%
(quar.)
pfd. (accum.) -
.
.
California-Western
^
,
Electric
Semi-annual
*
Power
Crushed
Canada
50c
—-—
preferred-
•
class
Canadian Food Products, Ltd.,
9-
3
8-
10-
1
1
9-11*
8%
preferred
Canadian
:%%, Class
9-20
$$1.75
$$1
10-15
9-20
9-15
8-31
$25C
9-15
8-31
com.
(quar.)
$12 %c
——-—
$25c
Investment
M
8-30
$$1.25
9- 3
8-10
$15c
12-15
11-25
$75c
O
K
$15c
12-15
11-25
10-
1
9-20
U2
10-
1
9-20
9-
1
8-20
8-30
8-15
$25c
8-30
8-15
25c
10-
1
9-20
$1
11-
1
10-21
75C
——-—-
Central Arizona Light & Power (quar.)
8-31
8-15
15c
9- 3
8-10
$1
9-15
8-16
40c
4% preferred beneficial certificates
preferred
(quar.)—
(quar.)*.
9-17
9-
$1.25
9-
$1.50
3
3
8-16
9-16
8-20
$1.50
4 9-16
8-20
85c
(quar.)
6% preferred (quar.)
Central New York Power Corp.—
3.40% preferred (quar.)———————-
Central Ohio Steel Products,
New common., (initial)
9-1
8-12
25C
9-
1
8-15
11-30
11-15
10-25
10-15
A 10c
8-20
8-9
15c
9-14
8-31
$1.12%
10-1
25c
9-10
8-12
25c
9-10
8-12
25c
33%%
——;
States Edison,
Central
Inc
%
(quar.)
Corp.—
prior pref. (quar.)
Champion Paper & Fibre, common..
Century
Ribbon Mills
Products
Certain-teed
4%%
preferred
Co.
Chicago Corporation, $3 preferred (quar.)
Chicago
Chiksan
$1.12%
(quar.)———
(quar.)
Chestnut Hill RR. Co. (quar.)
Belt
Yellow Cab
Company (quar.)
10-
Match
8-
9-
'
10-
1%
9-13
8%
Corp.,
9-
-
.
1
8-13
9-30
9-18
$1.75
8-30
8-15
10c
12-24
12-14
75c
10-
_
9-
1
—
4Va%
class
$2.50
9-
8-15
3
3
9-
3
9-10
9-
$1
Class
9-20
Dominion
8-28
7%
9-30
—
/
25c
10-
1
9-
9
8-24
8-10
750
—
.
9-
8-1-5
35C
8-20
8-
9-10
8-22
50c
9-
1
75c
3
Group
Extra
75c
3-1-47
9-
4
9-
4
8-23
75C
9-
9
8-26
2-
9-
4
8-20
75C
9-
1
8-15
25c
9-
3
8-20
—«
7
Building
62 %C
—
&
-
8-31
$$1.25
9- 9
8-15
$30c
8-24
7-31
(Western)
1
8-15
9-14
8-17
9-
$87i/2C
Investments, Ltd.—
5% preference (accum.)
Donohue Brothers, Ltd.
(initial)
$1
Dow
:
% $50c m 9- 2
$25C A--'9-
Shoe Co.—
convertible prior preferred—
Drug
•
A
8-
1
8-15
1
L.)
Co.,
'
8-15
8-30
50c
i
9-
2
8-22
10-
15c
(quar.)
common
1
9-20
-
*
7%
preferred (quar.)————.
Dun & Bradstreet, Inc., common (quar.)—.
4V2%
preferred (quar.)
Eagle
East
Electric
Picher
St.
6%
Louis
Co.
&
preferred
Co.
(quar.)
$1.75
10- I
$1.12%
\
150
9-
Co.—
8-20
8-10
Eastern
8-20
8-10
Eaton
Steel
Products,
Ltd.
Manufacturing Co.
-
—
*
—
9-
$1.50
$1.75
preferred (quar.)
*
Eastern Magnesia Talc Co., Inc.—
Quarterly —$1.50
Quarterly:
■ $1.50
7%C
8-23
9-10
30o
Water
v
(quar.)—
$20c
(quar.) —' ; ■: 75c
.
3
A
8-12
9- 3
8-12
9-30
1%
2%c
8-15
1
-
-
>s
(quar.)
-
8-20 %
9-20
9-10
50O
(increased)
Interurban
*—*_*—*
-
*
$25o
Dominion-Scottish
(W.
—
-
preference (quar.)
Dominion Stores. Ltd. (quar.)_.
Douglas
-
Equipment
—
8-21
9-10
(quar.)
Cartons
10- 1
y,9-17
10-1 >' 9-17
11-15
10-t f
9-27
9- 5
25c
40c
25c
BOo
30c
,
50c
9-26 4 9-1^
11-30
11-25;
9- 3
8-lft
9-20
9A #
;?9-20 g 9-' 3
10- 1
9-12*
10- 1-,:^ 9-12*
10- Is;" 9-12*
9-12
8-23
9-12
8-23
9- 2
8-2#
9- 2
8-2#
9-16
9-1644
8-1#
8-1#
9-14%
9-14:
9-16
9- 3 %
75c
$1.25
8-li
8-1#
9-3 :%
8^ #>«?:
>
9-20
—
*
•
' 12-21
12-
9
9- 1
8-15
8-24
8-
6
8-23
8- 5
8-31 % 8-1#
8-31!% 8-15
35c
$1
9- 3
9-13
30c
15c
8-23
9- #
■
8-31
5%c
'•
8-16 %
8-lft
8-1#
8-lft %
8-31
4c
I®
5c
8c
8-1#
8-31
8-314',
8-31
8-31:.
4%c
4c
lc
10c
8-16
8-31:-, ' 8-1#
8-1#
8-1#
8-lft
Extra
—8-16,4
Food shares
—:
—.**
■
8-16 %
Extra
—
l%c >>: 8-31%%- 8-16
Fully Administered shares
3 '/2c
8-31
8-1#
Extra
4%c
8-31
8-16
General Bond shares
9c
8-31
8-16
Extra
1c
8-31
8-16
Industrial Machinery shares
4c
8-31
8-16
Extra
2c
8-31 4 8-16
Institutional Bond shares
10c
8-31
Low Priced shares
2c
8-31
8-16
A, Extra
**'*.50
8-31:
8-1#
A Merchandising shares
6c
8-31
8-16
; r
Extra
-—
4c
8-31
8-16
Mining shares
3%c
8-31 % 8-16
Extra
%c
8-31
8-19
Petroleum shares
4c ' 8-31 >%; 8-16
Extra
4c
8-31
8-16
Railroad Bond shares
4!/2c
8-31
8-1#
Extra
%c
8-31 % 6*1#
Railroad Equipment shares—,
—
4c % 8-31 :% 8-1$
Extra
—
4c
8-31
8-16
Railroad Stock shares
1c
8-31 p 8-16
Extra
3c
8-31% 8-16
Steel shares
4c
8-31
®"46
Extra ■:**-**--*—
2c
8-31
8-16
Tobacco shares t***;——
4
',4c
8"^
Utilities shares*****_*u--—--4%;•%* %c
8-31
8-lft
Extra"'**—
3%C
8r31 : 8-lft/
Extra
Investment Corp., Ltd.—
Envelope
—
—
shares
Electrical
9-10
1
shares
Extra
8
30c
7%
Ltd.,
10-
250
%
——
10-
shares
Chemical
Co.—
5%
Dominion
10-31
shares
Extra
Aviation
8-23
$1
—
-
Automobile
^
8-12
8-12
25c
Eastern
Great Lakes
5
9- 3
37V2C
quarterly
to Anglo
25c .' 11-15 4 11- 2.
$1.75
(quar.)
preferred
Fire Insurance (N. Y.) (s-a)
Engineering Works (quar.)
Securities, Inc.—
Agricultural shares
9-10
8-12
50C
(quar.)
Pacific Tea Co., common—
Great Atlantic St-
Great
common
preferred <quar.)
Dominion Bridge Co., Ltd.
,
9-10
8-1S
11- 1 4 10- 7
9-12 > 8-2#
$12%c
$12%c
75c
25c
quar.)
Co. (increased)
(initial
(H. W.) Company
Grand Union Co.__
1
3
9- 3
B
Gossard
8-10
25c
(quar.)
—;;
(quar.)**
—'
9-2#
,? \
' „
9- 1.4 ,8-9*
84%c
50c
$1.25
25c
5c
Gorham Manufacturing
8*10
9-
50c
(quar.)
(Colo.)
(quar.)—.;
.> $1.25
50c
-
$5 conv. preferred (quar.)
Mackay & Stores, Ltd.—
Class A (initial quar.)
10-10
$1
Manufacturing
11^ 0
37y2c
(quar.)
*
Goodyear Tire & Rubber, common
8-20
35c
(quar.)—
A
Pepper Co.
11-t »
11-25
10- 1
•561/4C
5c
preferred (quar.)
(quar.)
Extra
8-19
75c
25c
Doernbecher
11-25
30c
30c
Goodall-Sanford, Inc.
8-16
3
9-3
9-
25c
preferred (quar.)—
Disston (Henry) & Sons, Inc. (quar.)j
Dr.
7-23
25c
Gordon
—
common
7-J»
8-30
50c
(increased quar.)
Extra
6
8-27
$1
$1.75
$1.12%
common
Company,
8-30
20c
Extra
8-2#
8-2#
9-13*
8J15
1Yi%
»
Goebel Brewing Co.
"
9-30
9- 1
10- 1
25c
(quar.)*****..—..
;;
9-2
25c
;—
8-lt
9- 3
9-2#
8^i4<
8-14
(auar.)
Corp.
^
8- 1
9-16
9-16
9- 3
(quar.)
*
-
8-2#
'
10%
fquar.)
Glidden Company, common
1
-
Outdoor Advertising Co., common*
Corp., common (quar.)
Extra
■
-
9- 2
30c
Paint
___
8-3$:
8J2ft
$-19'
,
8-15
10-1
75c
$2
25c
$1.75
*
Public Utilities (initial)
Refractories Co
11-2ft
8-34
9- 3,
,
common
Gleaner Harvester
9- 1% "8-13
$1
$1.05
4%
Cup
Motors,
(quar.)*:
Telephone Corp. (quar.)
(S. A.), preferred (s-a)
Gibraltar Fire A Marlne lnsurance (s-a)
%
'
-
.
preferred
Gerrard
6
9- 3
$1
Mills—
convertible
8-«3'
-
9- 3
r ; 62Vic
25c-
(quar;)
General
8-23*
9-16 ;
50c
participating, preferred (s-a)__i
participating preferred (s-a)_
Dictaphone
*
*—«•
preferred
General
8
8-3LA % 8-16t
4c
Co.
Co;,
(quar.)_
common—
preferred
General
9-24
1
9-16
25C
Derby Gas & Electric Corp. (quar.)
Diamond Alkali Co.
(quar.)
Dumont
4%%
Chain
8-22
50c
$1.50
preferred (quar.)—;.
6%
common
Co.,
1st
8-15
9- 1
28Y8C
45c
Y.
Corp.,
9-1
12-1
9-10
9-16
>
70
37%c
---c.
—
2nd
.
RR.
Dentist's Supply Co. of N.
Denver Union Stock Yards
9- 9
common
————————.
dividend
Stock
8-30
"
Increased
Central Coal & COke—
$6
9-16
Dixie
—,
Foundry, 5% conv. pfd.
Illinois Public Service—
General
'
50c
—
50c
preferred (quar.)—.:
Caterpillar Tractor Co.' (quar.)
General
8-15
(quar.)
Delaware Power & Light—
Diamond
$$1.25
7-30
8-30
v,
8-1$
9- #
9^ «
8-13
9-3.
8f t*
9- 3
8<* 9*
9-9':, 8*19/
9-3
8-»15
$2.75
(s:a)—————-
Co.——*
Trailer
preferred
$5
8-20
8-29
9- 9
$2
(quar.)
pfd.
(quar.)
Brook
Hudson
&
1
93 %c
common
Bound
&
General
8-15
2
5C
(quar.)
preferred
Delaware
4%
Trust—
-
Company,
Delaware
Ltd.—
Cohn
to
(Alfred)
7%
8-31
8-31
1
General
Corp.—
(quar.)
(s-a)—
Curtis Publishing Co., $4 prior pfd. (quar.)
Curtiss-Wright, class A (resumed)—
Cushman's Sons, 7% preferred (quar.)
&
9-
20c
.
Corporation
Deere
10-
8-12
2%%
preferred
Culver
Decker
10-1
8-12
8-22
(quar.)
Shares
8-15
3
8-22
33/a%
—
preferred
Insurance
7-29
4%
Central
Forster
7-29
B
Central
Forster, 8%
&
9-
(quar.)
Storage
&
8-22
$20c
8-15
,9-16
30c
$4.20 preferred (quar.)
8-22
Corp. (increased quar.)
Company* $2 class A (quar.)
Central Cold
r
Crum
Crum
$25c
8-31
8-31
(quar.)
$4 conv. 2nd pfd.
$25c
10- 1
8-15
10-1
common.!-.—
(quar.)
$37 %c
8-31
15c
*
7%
10-25
Carpenter Paper Co.—
Common
(quar.). ——————
*:
Crown Zellerbach,
5
$15c
Tire
&
Zellerbach Corp.,
Crown
9-11*
10-
(quar.)_
preferred
Carman
8-30
9-16
15c
8-20
Co.—
Sexton
&
Ltd.
(accum.)
Canadian Motor to Lamp Co., Ltd.—
Class A (quar.)
%;•% Class B (auar.)—
Canadian Oil Companies, Ltd.—
5% preferred (quar.)
•
8-26
9-20
8-15
8-27
$$1.25
—
preferred (quar.)—*-*—
—General Electric, Ltd;
American
deposit receipts for ordinary
^
registered (annqal)
:
: Aiherican
deposit receipts for ordinary
registered (bonus)
General Finance Co., 5% pfd. A (s-a)
6% preferred B (s-a)
General Industries Co,, 5% pfd. (quar.)——
9-14*
3
25c
pfd. (quar.).
(initial quar.)
9- 1
15c
$1
30c
25c
>:
1%
1
$1.50
non-cum.
Dayton Power & Light, 4%%
New common (initial)
(quar.)—
Canadian Foreign Investment Corp.,
Quarterly
.—
5%
8-15
%
$20c
Class A
International
9-10
$1.06%
•
Fairbanks-Morse Co.,
9- 2
10- I
$10c
Stone
Car & Foundry, common
Canadian
'«*.*■«»•*
25C
A
$1 conv.
8-31
15C
(quar.)
•
Canadian
8-30
1
9-
9-
20c
4'/2% convertible preferred (quar.).
Crompton & Knowles Loom Wollts, common.
6%
preferred (quar.)
Crosley Corporation ——
.—
Crown Capital Corp., class A (quar.)
Crown Cork to Seal Co., Inc. $2 pfd, (quar.)
8-31
'
34 %c
common
preferred
Cannon
preferred
Canadian
9-14
8-15
9-14
$1
———
Dry Ginger Ale,
$4.25
6%
8- 9
8-24*
-
■
.
8-20
75c
;
Galr (Robert Co., 6% preferred (quar.)**.—
General American Corp, (quar.) ***—.—*
$4
—
—
General Baking Co., $8 preferred (quar.)—'*
General Cigar Co., common—.***—I
9
9-16
i
Cribben
Insurance—
new com. (initial)
(quar.)—
(Canada Northern Power Corp.-, Ltd.—
Common (quar.)
7% preferred (quar.)
Canada Wire & Cable/class A (quar.)
Class B (quar.)
Canadian Breweries (increased)—,
Canada
1
9-
50c
Life
(quar.)
Canada & Dominion sugar, (quar.)
%%:
8-23
15c
8-
.
,
3
9-16
7-30
8-20
Corrugated
1
9-
10c
—
-
■
8-
$1.75
(quar.)—*
:--**:—•
Special
Callaway Mills, $2
Camden Forge Co.,
i5%% convertible
"Campbell Wyant &
1
9-16
8-31
30C
Paper Box Co., Ltd.—
57o preferred (quar.)—.
Coty International Corp.
(resumed)..——
Courtaulds, Ltd., ordinary (interim)-.
Crampton Manufacturing Co. (initial quar.)
Crane Co., 3%% preferred (quar.)—
8-'l
9-
9-16
50c
.
(quar )—
Coro, Incorporated, new com.
9-16
9-1
8-30
50C
preferred
.
.
9-16
9-16
9- 1.
■
17 %o
—17%c
—■
common—
(quar.)
preferred
4%
25c
——;
*
"
10-1#?
,,<■ <
40c
20c
—
America
Kleiser
to
Fruehauf
30c
10-
8-3111
9-13'
25c
$1,25
(s-a)
Freeport Sulphur (quar.)
$50c
Varnish, common (quar.)_—
$3 prior preferred
9-13
1
25c
(quar.)
States
1
10-
$1.12%
California Cotton Mills, new
California
10-
$1.25
(increased)
4%% preferred (quar.)
,vButler Water Co., 7% preferred
i.
28'/a C
-
9-15
8-12
108-27
>•
of
Foster Wheeler
8-21
40C
pfd. (quar.)
(quar.)—*
Bridge
preferred
5ya%
9-15
43 %C
Extra
preferred
common
(irreg.)
Cornell Products,
8-20
convertible
Mills
Fort
8-15
9-
(quar.)_
8-19*
8-lf
8-3#,
9-t3
•
>
(initial).—********
Works—i..*
Wayne & Jackson RR.—
Mills
Pitt
Foster
10-
93%C
Continental
9- 5
9-14
9-14
9-14
25c
Corp.
Company,
preferred
Flour
10-
9-
preferred
preferred
$4
9
10-
(quar.)
8
25C
4%%
preferred
1%
7%
$1.12 Vi
-25c
9-23
9-11
8-14P
Fitzsimmons Stores,
Fort
—
$3.75
Co.—
Bush Terminal Building,
8-
(interim)
common
8
15c
——
9-16
V •
4ya%
common
Stores (quar.)
Ltd.-*
<quar.)—
(quar.)—
Fishman, ;(F, H.)
Flintkote
$25c
Extra
8-
Burton-Dixie
Corp.
40C
Power & Paper (quar.)_
(Reading, Pa.) (quar.)_
Co., Ltd. (quar.)
Container Corp. of America (increased quar.)
7-27
Bush Manufacturing
9- 3
Water
8-
6
Burroughs Adding Machine—
*
8-15
9-23
Glass
1
9-
9- 2
25c
$50c
9- 1
$1
$1.50
.
Continental Casualty Co. (Chicago)
Continental Commercial Corp., 7%
25c
(quar.)
56'AC
8-15
(quar.),
87 %C
(initial
preferred (quar.)—.
3Va% preferred (quar.)
8-5
3
—
class A
87 %c
com.
4%
c
8- 5
9-
Consumers Gas Co.
Consumers
8-6
9-
3
1
9- 1
——
Consolidated
8-15
Concen-
&
9-
55c
10-
9-If1
'
10-15
$3 f
$3
$1.12%
(quar.)
preferred
First Barik* Stock
9- 5
$1
(quar.)
Ltd.,
Continental Can Co.,
(quar.)
Co.
Extra
9-20
10-
8-30
1
90C
preferred series B (quar.)—
—
Consolidated Laundries Corp. (quar.)—--,*.*
10-30
9-16
10-
(quar.)
preferred series C
8-13
9-13
9-l>
9-13
8-13
8-1^
11-13
,9-lfr;
' > *■■
20c
Class B,
6%
(Bait.)—
Lt. & Pow.
9-10
9-16
«
————
—
Firestone Tire & Rubber,
60c'
—
A
Firth Carpet Co.,
12-10
75C
;—-—.-.i--
(quar.)—
Co.
ClAss
9-10
r
8-21,
Finance Co. of Amerlck at Baltimore—
12-15
-
9-14
-
,
.
30o
quarterly
Field (Marshall),'See Marshall Field.
Field St Stream Publishing Co. (initial)—
v8-24,
9-15
t
$$1.50
2
12V/2C
*
8-15
Increased
(Toronto)—
4%%
9-
5c
Forge Co
Fund, Ltd.
Hill & Sullivan
Bullock
9-13
9-2
9-16
25c
25o
Federal-Mogul Corp; (Increased)—50c
Federal Screw Works (quar.):ri-L—„'
12yac
Federal Water St Gas Corp.—
■
Consolidated Gas, Elec.
Common
(quar.)-—
8-22
20c
10- 1
50C
5
8-15
9-15
10-
8-15
$1.25
6C
(quar.)—
25c
Machine
&
8-10*
25C
Connecticut Power
3
$i.;5
8-26
Inc; (quar.)————-.—.
& Power Co., common—
(quar.)i._.
90c
—
9-10
$1.25
;—.
—
—_....—
$30c
(quar;)
Ltd. (increased)
9-25
$$1.50
Quarterly -.
Congoleum-Nairn,
Connecticut Light
$2.40 preferred
$2.20 preferred
8-31
2%C
(quar;)-
Brunswick-Balke-Collender, com. (quar.)
$5 preferred (quar.)
Buckeye Pipe Line (quar.)
Budd Company, $5 preferred (quar.)
-
20c
—
8-18*
N. YJ—
—; :•>
Fenton United .Cleaning to Dyeing—"*'
.' 7% preferred (quar.)—$1.75
■
'• $5
30c
Co.
common
8-9
Connecticut River Power. 6% pfd. (quar.).
Consolidated Biscuit Co. (quar.)
Consolidated Edison Co. of N. Y. (quar.)—„
1
Brown Forman Distillers Corp.—
'restock
9-10
.
■
$1,20 preferred (quar.)
Boyerstown Burial Casket Co.
Braniff Airways, Inc. (quar.)
8-23
40c
6
& Co., Inc.—
-V
8-23
9- 6
■
Co.:
Investment
Commonwealth
9-20
50C
-
'8-15
9- 6
"
:
Telephone Co.—
preferred (quar.)
;
u
Community Public Service-—
'9-
50c
....
9-1
50c
$ Vic
Shearing & Stamping (irreg.)
Commonwealth
8-12
7-31
8-16
.8-15
50C.?
TS. .750
Commoil,
3
1
25c
Quarterly
;
$2.50
10-1Quarterly—.
—
•
1
35c*
10-1
Farreil-Birmingham Co.,
Inc.i—1-L-k—25c ^ 9-25
Federal Grain; Ltd., 61/2% pfd. (accum.)
$$2.50
8-31,
Federal Light & Traction, $6 pfd.• (quar.)— $1.50
9- 3
Federal Mfg. & Engineering (initial)——
7Vic > 8-30
8-19
9- 1
9-
9-1$
;
9-13
10- ,1,; :.9-13"
9-12
8-33
9- 3
. 8- 9
9- 38J
9- 3
8-13
8-30
8-13
25c
; 25C
y
---'yv
Fallstaff Brewing Corp
Farmers to Traders Liie Ins. (Syracuse,
$-15
'
(-i—**
1
————
Sugar'---i——
Fajardo
8-19
9-1
20C
—
8-16
9-
9- 1
25C
(quar.)
pfd.
conv.
(quar.)
Broadcasting, class A (increased) _
(increased) u
—
Columbian Carbon Co. (increased quar.) —
3
8-20
50c
16c
—
5%
9-
9* 1
500
1—
"Extra
8-20
2:
250
25C
,
B
Commercial
10- 1
$1.75
—
(quar.).
7-31
B
'.
convertible preferred
8- 9
.9-
20c
8-31
8-31
Columbia
9- 2
75c
14%C
14% c
(initial)
9-30
,
250
.
Eftlr <The) (Chicago)-—
Fairbanks Morse & .Co. (quar.)
;
9-11
York—
New
60c
2—L—
(quari)*
pretexted
5%
9-30
Milling & Elevator Co.—
Common '• (Increased) •'
.
Class
v!
9-12
11-1
Colorado
$3
•;
9-12
10- t
Power
Colorado Fuel & Iron,
8-30
6%
preferred (quar.)
Blue Ridge Corp.—
-
of
Collins &
Aikman Corp
Colonial Stores, new com.
4%
preferred (quar.)
«<?
10- I
8-10
450
8-31
56 %C
8-10
9-16
87 %0
-—
8-15
i
$1.50
•
3
12-1
L-
<
—
Central
9-
9-30
$250
-
3
9-
87 %c
8-15
3
75c
shares
shares
1
9-
$5.60
(s-a)>
Shares
Trustee
Bearer
Ltd.
CO.,
9-
50c
Corp
9-13
:
$1.50
(quar.)..
International
8-12
30c ,v
(quar.)
-
Plow
Registered
1
50#
-
8-5
10-
$1.75
<*•
12-20
3
9-
250 '
Co.
Collateral
75C
$1.50
—
(E. W.) Co., $2.25 preferred
HBloch Brothers' Tobacco^'
1-2-47
87 Vic
Colgate-Palmolive-Pe'et—*
$3<50 preferred (quar.)_.
•
%
'
(quar.)
Coca-Cola
$1.25
.
Bliss
Corp.
11-
—
—i——-—
—
,
2-7-47
Climax
,5%
Blaw-Knox Co. —*—i-u—--*-.-*
11-13
$1.25
special guaranteed stock
Molybdenum Co
9-
10-
7% preferred} (quar.).
$$1.75
Bell & Howell CO., common (quar.)—
12%C
comn
4%% preferred; (quar;); $1.06%'SOc
Berkshire* Pine Spinning Assoc., common
__*
4%
30c
$$1.50
—
convertible'preferred (quar.)
Bessemer Limestone & Cement, 6% pfd
Bethlehem Steel Corp., common—————
,11% preferred ♦ (quar;)
Bigelow-Sanford Carpet, common (quar.)
6% preferred1 (quar.)-———.—
Birmingham Gas Company, common
$3.50 prior preferred
(quar.)
—
Birmingham Water Works, 6% pfd. (quar.)
J* 3
8-12
Ely St Walker Dry -'Goods • (guar.)
■' 25o
■" 9t. '1 v
Emerson Electric Manufacturing-*
,
,
•
•
7%
preferred
(quar.)
——!
—.
$1.75
10- 1
Empire & Bay State Telegraph—
,
■ ■
4%
guaranteed (quar,)—
—.
$1 . 9-3
Empire District Electric, 5% pfd. (quar.)—.
$1.25
9- 1
Engineers Public Service, $5 pfd. (quar.)
$1,25
10- 1
$5.50 preferred (quar.)
—
$1.37ya .10-1
$6 preferred (quar.)
—,
$1.50
10- 1.
Equity Corporation, $3 preferred (accum,)—.
75c
9-1
Erie RR. Co., $5 preferred A (quar.)
$1.25
9- 1
,' $5" preferred A (qilar.)——$1.25
12- 1-.
Eversharpi Inc., common (quar.)—..
30o
10-15 ,
■Extra-"-—'
.
30c
10-15 :
:
'
(quar.)„„«..
Machine
8-14,
9- 7'
8-1
$3
Cleveland A Pittsburgh RR. Co.—
7% regular guaranteed stock (quar.)
—
(A. S.)
9-23
,,v9- 1
—
8-18
$1.75 2-15-47
35c
•
8-28
; 0*21
15c
$1.75
,
,
$1.73
preferred (quar.)
preferred (quar.)
7%
2nd preferred
(s-a)
City Water Co. of Chattanooga—
50C
9-
(irrpg.)
Elgin National Watch Co., common
Paso Natural Gas, 7% preferred-,
9-2
1st
———
t25c
of Bee,
9-14
$5
^$5
El
Common
1st
.*—-—-
(quar.)**_**_«*_-.*.--*_---*---Bayuk Cigars, Inc.——
Beaunit Mills, Inc.
(quar.)——
Beaver Lumber Co., Ltd., 7% pfd. (quar.)
j:.[
Electrlo Hose & Rubber Co,
1
BolSm
,
Name of Company
.
>1 Eddy Paper Corp. (irreg.)
8-19 J
8-
.
11.25
$1.50
preferred
:
City of New Castle Water,, 6% pfd, (quar.).
.
City ojf Paris Dry Goods— ,—
7%
—
T : Class A
Beck
-
5%
Oil Co. (increased quar.).*.
Bathurst Power to Paper Co., Ltd.—
;
9
Cincinnati New Orleans to Texas-Pacific Ry.
——
Barnsdall
8-
50c A" 8-27 1
75o
9-14
35c
9- 1
$1
9-1
.
$4
*.***.****-«
8-31
& Seellg Manufacturing—
Common (irreg.)
*
Share
■
,
Chrysler Corporation
.......
_
«
Cincinnati Milling Machine, com. (quar.)—.
4% preferred (quar.)—
.■'■■•
r
..Barlow
•
Name of Company
■Chile Copper
$12 %c
(quar.)
Co..
9-25
8-31
$i2%o
'
of Rec.
1
25c
Company
Canada, Ltd.
Extra *'—.—.*.*..—;
Bareco
10-
$1.50
—-
H.l
JBarber-Ellis
Payable
Share
'
•
8-31 %%
8-31
7c
8-31
0°
8-31 ,'A
3%c il, 8-31
x
-V,T
;.':i!rf-%*:-,l,J'
THE COMMERCIAL. &•
FINANCjAE'CHBQNICLE
POT
Payable,
,
>«r
Bolter*
When
Share
Monday,
.ojf #ea,
9-14
-
$8ce
25c-'
10: li
25o
9-15
•
$l.t
; ■
-
preference
Acme
National
Automotive
National
Battery
National
;$!, *
62 Vic-
12-21 -'
10-. 1;:
10- 1
•
f350
9-14
9-14
r
250;
9-14?
9- 5.'
9- 1=)
$1:
9-1=
8-9;;
9? 3r
9-10;
8-1.21
8r273
9- 2
8- 1.
250;r
;
$1.75,
250
350
-
'25ft.
8-30)
9f 2:
preferred (quar.)——----——--•
Dairy Products (increased) - -National Gypsum Co., $4.50 pfd. (quar.) —
National Lead Co,, common (quar.)--w-r,—
i 7% preferred A
(qua?.)
r~v
6% preferred B (quar.)----—---———
National Linen Service (stock dividend--
8-13
additional shares for each share held
Two
Common
(initial) -—-—.—~r—preferred initial (quar.)
4(i%
■•***<
$1.50
9-10
$1.10
12-10
50c
t25c
9- 2,
t25c
9f 2
8-31
8-
$1
8-31
9y
*.8-21;
$1
9-30,
9-20
$1;
10-31:
10-21,
$2
10-
20c
;
1
$1.25
9- $
$2
9-14.
$1.50
8-26*
8-19
.
:
100
•
8- 9-
*
10-1
9-16;
9-16='
♦.
10- 1,
10-1
37ViO
10- I
One-tenth
preferred
4u,%
(quar.)-,—
(guar.)---------
common
National Union Fire Insurance Co.
(B-a)^----
Inc.
Brothers,
Neisner
~
class A
------New Amsterdam Casualty Co. 0&.XAW. )New England Laundries, $6 pfd. (quar.)-—
Nestle-Le Mur Co.,
8-15
^cum.)
Newport News Shipbuilding & Dry
Dock—
Quarterly J—---
SS
DJc®■
Yort
New York State Electric & Gas Ccrp.-r**
5.10% preferred
(quar.)r
York Stocks Inc.— Agricultural Industry Series-Alcohol & Dist;-Industn^ Series
Automobile
Industry
Series
Aviation industry Series
Bank
Stock Serlefe
New
-
20c
,
I
,8-30
8-1$
9-16
8-29
9r 1;
8-10;
9-13,
8-31:
12y2C
l25c
9-30,
20c,
9-10,
,'40C
$1.50;
10r 1
9-10
8-23'
25o
9- 3
8t 8
9-30
10- 1-
Business Equip.
9-25.
20C,
;
Industry Series
Industry Series—
Chemical Industry Series-——-Electrical Equip. Industry Series
Food Industry Series—
9-14
$1.06 Vi.
37%C
$142
10- 1,
8-12,
8-23
8-12
$1.1254
9r I
30C
9-16
75c
9- 3
8-15.:
■
-
•
43
S
8-31
Railroad
Steel
43^0.
25c
$55 ViC.
y^25c
$1.06V4
$0.3610
$1.50
$1.37%.;
.37 Vic
25c
•Includes 5c from
AU(d'^U)ar")
Noranda
Norfolk
30c
25p
50c
7-31
25c
87:Vic.>
10-1
IOtI?
preferred
$2
100
5(4%
(initial)-f---rrr~~Zr
"
Water
"85 ft.",
$1.75
25C
75,C
(accum.J.
pfd.
*•■*—
$1.50
$1.37 Vi
25c
^
f^uar.)^——
$t
.90., -$4»pr»or p
Northern Central Ry.
$1,624'
6%
$1
preferred
$2
9-18
BeeWe for each
(accunv;)—
Insurance
Northeastern
9-12
invest,,
preferred
North River
—
(quar.)
common
held-(subject-to approval of
shares
Nortlf Ammdcan
'
8-31*
,8-15
(quar.)
Aviation--————T""~~TT
N°S tharfSeme Oast
0-1
12^ti 12- Is
9rl4
9- 1
Western
North American Car Corp.,
9- 1
9-5
Ltd. (9uar.)
Ry., common
Mines,
&
American
North
.
9- S
-
secuilties profits.
Niagara Lower Atch Bridge C®*(
Nineteen-Hundred Corp., class A (quar.)—
8-15
8,-16
8:15
9-1
8-31,
-
'
.-^25c;:;'4^f.5Z;v:12- 1
30c
Series-
Speculative -Shares*
piversified
11-28,
8-28;
8- \
9- 3
9r 6
Off t,:
9>r I
9r..l..
Industry
Equip.
Industry Series-
Industry Series——Diversified Investment -Fund-
8-30
11-3Q
<)rlO;=
Industry Series
Tobacco
;
8-31,
"
publi^Utility
;
yir20o ,•> 9hr4;/- f8-15.'
.
Series
Metals
8-15
9-3>
93%6
aeries—-—
Machinery Industry Series
Merchandising Series
9-16,
8-23,
50c
Stock
Insurance
Series
Bonds
Government
9-16
25c
r
Supply
Building
''
Liberties
(quar.)—
25c
—-
60C
6-30
8-15
Northern
9-10
8-30
Northwestern states Portland Cement (quar.)
Gas^, ^""rir^Mr\
40c
9-30'
0.1 2,
9r 2
9-2Q
8-15
8-23
N(^h(veBWr^"t^ilfties/*5^*^re)erreL--—I
,$$1.50
:
25c
,
40c
Norwalk
Tire
&-Rubber
J———
15C
Norwich Pharmacal Co.—J.
IIIIIIZZ
Extra
•u
6%
-
& Power
Ltd.—
preferred ;(quar.)—
$$1.50
~
Ogilvie Flour Mills,.Ltd., common (quar.)v 7% preferred (quar.)
—-—T'T.tvv""—^
Ohio Power Co., 4Va.% preferred (quar )—
Oshkosh B'Gosh, Inc.,-common (guar.)
$r.50 ^preferred ' (quar.)--—----Otis Elevator Co^, common
*
OutboardreMarine
&
Manufacturing^—^
SfSirpapw^V«temd
Pacolet
Pacific
5c
tz"i jf"*?■
Light
Scotia
Nova
(accum.).
8-14
9- 2
8-28
10- 1
3
7-20
$142 Vi
9-3
8i *
10c
9- 3
8-29
$$1.75
9-
37Vic"
9- 3
'350-
-9-20
$1.50
-25c
•
'
25C
H.75;
9-20
8-26
•
*
8-27
9-1-
8-20
'8-24
8-22
8- 5
8-20
8-15
%40c'
Mills
:
8r31
8-24
75C
(quar.)
Manufacturing Co.
(increased)—
<25C'
9-16,
8-30
25C
8-30,,
fi(-l6
••';.62.^C>::-:«9rt14y;,Z8r3p,
$1.25
d 34%c.
'kf.pfk
$i
4% preferred , (quar.)
Raritepec Oil of Venezuela—•1
j. American3 shares
Paramount
.
,
Rictures^.
'
*
.. r
-
25c
$1.62(4
s^5o
$13o
144c
$4.25 'preferred
-
(quar.)
Co.; Ltd*-.
Paton Manufacturing
..- .,
^
$31V4c
v
.
Common
(initial;i ouar.1 —
$55 (4c
'
t$l-.75
t$l-75
-25c
$$2
$1
$1
&oS^Co<A ct: 6\- iretOTed.;(^;)«
Electric S,witch Co
•-7
Penn
,-K
«
„.
20
■.
*preferredv class Ar (quarA
.Telephone,^common (Quar. >r-—r
peninsular
'.
.
common
(quar,)
*—:*r-
(quaj,.)' _-:4------preferred (quar.)
$1 preferred .(Quar.)--^—
Pennsylvania Electric Co.
V4.40% preferred: B (qua^-'—
Pennsylvania Glass Sand Corp.
Common' (quar.) -—-—■—
,
; : common
ic
25C
$2
,
$1,
v:,.,
$1,
-37 ViC,
gi
5%
preferred (quar.)
Pennsylvania Salt Manufacturing
*?
Co.
-
-
9-15^,9-20". i
Pumps Corp.—
(quar.)—--———
National Tea Co.*
-;>>
10rl4«<.«
11- 1
A: v
SSSSS sXTl™;
9-17
8-16
8-31
$1
$1.75
.
8-20-
9- 3{
Or 9,
prior ;preferred
<:6%
8-20
■
%
10-
$1.50
National
8-23
9- 3
25C
8-H
9-21
9- 9;;
**•!>$
9r30
..
8- 7*
8- 7*
20c
*
8:20*
12'/aC
of Birmingham Electric Co., com¬
one-sixth share of Carolina Power
& Light,' common,: and. one-eighth share
of Pennsylvania Power
& Light, com
:.
mon :for; each share held—---r-------;National Pressure Cooker Co. (stock dividend)
11*22
9r 1"
8r »$•;«
8-; 3
$t42Vi;
mon,
3-10-47; 2-24-47>
-500
^
'
\
9-10
share
11-22*
$1 3-10-47 2-24-47'
50c
9-10
8-23
87%0
——
8-15;
8r. 9Sr&g|
8-31
12 ViC
(quar.)
NS!&Un^U«Uo«.
8-23
12-10
preferred
conv.
,
;
$1.12 ya
National Motor Bearing, common
$1.10*
40c
.
9-9
$1.08
s,;
9-30^ fet
8-31;
9- 9
*200
'
8t13*
.
8-10.
25Q
;
■
4y*%
9-10,1
9-14
250
'■
-v
8i,9,;?ys
10-18^4^-f
;
10-15
$1.75-.., 8-30 '
25c
10-15
National
8-13;
9- 2
750
■'
•*••>'
8-I5••
8-8*;
30o
IOq
8-9
9-19:
12?!*'
150
9,-. 2
3Qc.,11-..it
(quar.)—-r~--—t-r--
8-20
,
.
■
8-22,
50c
h
9-14;
,
;■'
9-1
$8l(4c
—■
Company, common (quar.)
7% preferred (quar-)
National Cash Register
(quar. ----------National City Lines, new com,, (initial quar.)
National Container Corp.
(quar.)—
National Cylinder Gas Co. (quar.)
.
'
;
Biscuit
8-1
Co.
9-28
12-28
$1.50
(quarj.,-^-----------Fibres^ Inc. (quar.) —
-
/
*^,1
$1.50
(quar.)
Co.
8-21"
10- 1
250;
v
6Vi%
National
BoUtrg
ofXea.
,
....
...
8-20,.
9-5 2.:
12-31
<
America
preferred (quay.)! —
8-31]
f20O;
of
6% preferred (quar.)-——r—r-'-rrw-r—
Nanaimo-Duncan utilities—-
8-10:
8.-15
8r28 >
,
Chemical Co.
9rl$v
250
..
Mutual
10-.5
8r31
9r 3.
250;
i
' 8r26.i
,
11-15}
10c
t$3
8-14
When
Payable
Share
NaiM of Compant
.
$18c
10-1;
' 9-12
fi:
a
Number 4517
Volume 164
•:<vy,;7w*'*
'H >.
•
995.
V. A''"**:
" .' /I'/i?-?'/
■'"• -,•'.• • yfii -*'■
f\//ft-
Boinert
|
,> "V
Name of Comvanit
•
$1.75
._
Pennsylvania/Water & Power, com, (quar.)
^preferred (quar.)_„L_.:_—_______.i^—11
$1.25
$1
PettIbone*Muillkenr
256
Pfaudle^ Cdi^f 8 %^vpreferred
..........
-
—
Philadelphia Suburban Water, com.
$3.65 preferred (initial quar.)_
—
Philadelphia. Transportation—-
/.
9-
•
6
".
8-18
8-30!■?. -''b
8-15
84124
r.
30cs
$1'
30ci
10c
Poor
25c
37%oe
-35pv.
it
Company, class B
$1.50■ preferred. A (quar.)——.•
Potash Co. of America
Electric
Potomac
6%
(quar.)
Power—
$$1.50;.
$75e
$2.50;
70c;75C"
15o :
$1.50
Prentice-Hall, Ino.,'common (quar.)
$3 preferred ;(quar.)—_—_——
Proprietary Mines, Ltd.—.
Public Electric Light Co., 6% pfd. (accum.)
Public
Bank
National
/Quarterly
•
&
(N.
Trust
Y;)-
X;
of. Colorado—
r
Dredging
Standard Oil
Extra
Corp.—
.
of
Indiana
8-22'
8-20':
9-20;
8-15
6%
8*15;
18*30
'
9u14r'
9»*14!
10*15!
9-14;
9-14'
(s-a)
_
8415'l
9~i3;>
•
W
9r30r'
9-1*
8-22.;
9-1
8*30/1
(increased)—.——-
19y,-M
9- 3|
6% preferred (quar.)
$150*
8-31
Quaker State Oil Refining (increased)
•
30c 9-16.'.
Quebec Power Co, (quar.) —
J25c i
8-26
Queen Anne Candy Co.
9'flv
Raytheon Manufacturing Co.—
^
$2.40 convertible preferred (quar.)
.
60c
10-1
Reading Company— il" • •
<
•
•'
'if !•$%:.'. non-oum, 1st preferred (quar.)50h
4 9-12.
Real Silk Hosiery Mills, Inc,, com.
(quar.)
150.
9-15
$5: prior preferred
(quar.) ———oat.
$1-25'
10- 1
>
$7, preferred
(quar.)——
$1.75 • 10^1
Regent Knitting Mills, Ltd
—
$25c <
10-15
Reliance Manufacturing Co.—
ipreferred (qpar.)——
—-T.—
87%c.
10-1
Remington Rand Inc., common (quar.)
* 35o"
lfl^-l
$4.60rpreferred (quar.)-xx-i.
$1.12%
10-1
Reo if Motors,
Inc.——
i.-.—-■
37'/2C.
9-25;'
8.
9*10/
=
/
•
L
8-301
7-lOi
94 li'->
.
«
-
.
»
9.-15
,
AX'
..
'
f
9-
1"
8-181
$25c
9*
1
8-15ri
10c
37% 6/
8-23;
8*20-
9-25
$2.75'
9*10"
8*30
'"'
50
8-15?
-
8-15,1
9-
3 V
9r
3/
8-15;-
10-
1
.
9-19
7%i«lst preferred
Corp.
10-1^.
-
9* 3
9*13)
Terre
9*13..
Texas; Gulf
9*15?
Texas; Public
Haute
.
9-13
8*18
10c
8-29?
8-9^ ?•
•
% -li)
$50
8*26?
10* 14
,
I#
.
25 c
■
,
j
1
8-26
9-14
.»
9-257
25c
Water Works, 7% pfd.
Producing Cd.—ir/i
(quar.)..
$1.75
3i>'
9-
:
20C:
iVa%
(quar.)—
preferred
Rice
Stix
Dry Goods,
25C
8-12»i
8-22
9*101'
Electric
preferred series F
Rockwood
5%
&
Co.. common
preferred
•
Stock dividend
_•
5%
25%
15c
31 Woo
45c ;
—
(increased quar.)
preferred: A (quar.)^.
Scott Paper Co., common
•
>
Seaboard
Oil
—*
(quar.i
8-15*
Power : (quartl—.!.—«/
Pen Company (quar.)—
8-10*/
Sheaffer
;<W.
A.)
50c
v"®Ktrat"1.--i—■
Sherwin-Williams Co.,
4%
pfd.
".
256;
$1'
(quar.)
/ Sburoni
Optical.^Co;' (0uar.) /ii—^
Signal Oil & Gas, class A^i-/-——^
35c
60c
'
■••"dass'B
•
9430
9*15'
9*20
9-15^v
8-31
8-31
56y4C'
9-129-1.
Simon (H. ). ds Sons, Ltd., Common
:i preferred < oua
Saw
Simonds
& Steel
-
(quart$?3O60
9- 3
: ; $$1/25 ? >• 9* 3./.
(increased) —x.—
* 9-14
Simpson's, Ltd., class A (interim)
•
Class B
4%%
Srhith
(inlti6lH£X^-l-4iSX-^-«—^-^1--J.''
iExtra
(quar.)
Commbn
■
(increased
preferred
qiiar.)—
>
—_
(quar.)^——•
/ 8-26
-
8*26n
9-16
v.
•„.
!'•
I
*-
r
8-17/
8-17?
8-15;
R- 5/
5
8-10
9-10;
8-10/
8-1/
40c
97 '/ac-
9- 3
9- -3
U. S. Plpe & Foundry—
'Qim-rfa>r1y
/.in-.V. r '
Quarterly.
8-15
llrl5!
8-15
?
3
11-15
8-31•
8-15 >
$1.06 y*.-
8-31
8*15
37%.
8-31
8-15«
10c
8-31
8-15';;
8-31
8-15"
12%oo
(quar.)_
8-22
8-1
8-22
8-1
3
8-15
■
V
'Z>25oi*
?
(quar.)
9-
$1
Co
75c
Co.j
Z//'
9i 3-
<
8-15
11-15
75c
(quar.)
common
75c 2-15-47
$1.25
•
11-1? i
111-15
$1.25 2-13-47'
1
a- 1,
■250!/'!? 9-14
,;
8-15
8-13.
0-14'8-27-
com.
Instrument
WfestonZ(Georee) Ltd;j 4M.'%4
Wichita River Oil
25c
(quar.)
nfri
8.-30
•
•
8-13;-
.
*
(mu
Corp,,
(Initial)—
common
25c*
10*15
,
Wilkes-Barre
9-30
Lacei
25c
Manufacturing Co.____
8-31
WlUi&msport Water, $6; preferred (quar.)
9-3
$1.50
Wood Newspaper Machinery
9-1
10c.
Corp., common
0'% convertible' preferred-"(quar.)
9- 1
.//l /£/>
31%6
Woodall industries, 5% conv. pfd/
9* 1
3iy.c.
(quar. )„_
Wbodwartt Governor "Co, /(quar.)_
Z 25o
y'0-p
Woolf ? Brothers, 4 Vu %
/ UViQr
preferred (quar.)
9* 1
•s,v
8-15
8*10
8*20/
(Rudolph)
Co.,
t
8*20;
8-15
8*21
.
8-20
y
15%'
8-22
'406'
7-5
9- 3/
9-20
9- 3.
9-16
9-3
$1.12%
9-18
?
8- 9;
37% CZ
$1.12'/a?
Worthington Pump & Madiinery, common.4 y2 % ' convertible preferred
z(quar.)*-«X'-i4y2% convertible prior preferred
(quar.)_
Wrlgley- (Wmi) Jr. 'Co;,'common (monthly)Common (monthly)
Wright-HargreaveS Mines, Ltd. (quar.)
9*3
25c
9-
25c
(quar.)
20C'•
•
0-20
8-22
10-
30C
(Increased quar.)
si)y-ir
r
V,;"..'
12-20
9?-l8
756
;
■
1
1-1-47
:
8*15..; •
.
";VV".z
'
-
Z
-
8-20-
1
9-1
;
X80 '
Zi /
3Z
10- 1
$5C>" 10-
common
1
Institution'
75c
9-15
9-
750
12-15
12'
iwJddm-
30%
Jamaica
..
not
Income
closed
tax.
for
this
dividend.
tPayable in U. S. funds, less 15% Canadian non-residents' tax.
■,
JPayable in Canadian funds, tax deductible at the source.: Nonr^ident.rtaX, l5%;/.resident/taxfv.7,%. ft LesB :Brltlsh income tax;;i:?z/iZz
|.lj. ..^.1
11,1
;
....
1 ' .lL!'.;
-
.
,'I
I.'.'U
f,'?/,
f 1 f|,fi ,J I.1 Il4
/
.
6^
General Corporation and
,8-23'i
9-
105
"4
.«
9-10,
Investment News
7-17
1
9*11
L
1
■.
(Continued from page 96,0.
9-
3
8-15,
530
9*
3
8*15
>
58M,0
9-
3
8-15
r
//
:
$2.50
10-10.
8- 6 '
•9-6-'
50c
9-30
71c
9-3.
8-20;
50ci
9-15/
25c
.
8-30?
8*23
•; ; ;;.tZ
(s-a).
'-22140:
Z.|v
>
29;7p9 c6namahj shares' ($1 par) at $3.'50 per share.
Debentures
deemable
12-26/
1-2*470
:
Co., on July 23 offered $500,000
15*year 5,% sinking fund debentures (with common share/
purchase' warrants' attechedj at" 100 and/interest; arid,"'
8*15 !
:
.-.Xrl
Offered—
Maxwell, 'Marshall
9-20,
8-27.'
':25c;/
:
;//..ZZ'Z?/.:.///?.M?'. Z:>?/4;1?
Sterling- Electric Motors, Inc.—Securities
at
are
dated
'
i, 1946, and mature May 1, 1961,
May
re¬
2%*% from dati
company*? dptibn at following premiums:
/J/:
:
U. Si
U.
.•"•■•. " ,■•/
;
40C ''
/
.J
—
50©
$1'
.....
Rubber Co., common (increased
1st preferred (quar.)
States
.
(accum.)
Printing
v-;/:
:''if
benture detabhable
entitling the
9-
$1.50
$1/
■
8-19;'
9
IZ 'fZ
50c /
62% c;
ti//-"
A
■:
/// /
'>/,
9-
2
1
9H4'
9-10
<8* 9 !
$1.75
8-20
8-15
25c
9»
,
2;
-
■;'
25o
9-16
25o
12-16
_
8-15/
::■
Universal.Pictures, 414% preferred (quar.)..
$1.0614r
ROc
.
9- 3
12- 2
•
.
To each $1000 de¬
warrants
common, shares
"
,
are
($1 par)
attached!4
at $5
iper^
calendar years 1946 arid 1947, at $5.5®year
19'48,
purchased during the calendar year 1949,
'
and
at
^
.
$6
The warrants
/
agafnsfe dilution ?an<J
-
,
Registrar; California Trust Co. Los Angeles, Calif.
7
/
i
Transfer agent
warrant' agenti' citizens;? National Trust is Savings IBank/ of Los
and '
,
t
.
HISTORY
—
there-
_
jt I
.
y ]■:.
/
"*
'
'
' "• ■■
.,P
^
,
«+•
Angeles.
.
Universal- Mdteh.
100
therekpirb'Dec. 31, 1949.
8-30
8-30
holder to buy
purchase
C0utato"plovisibnd; jprbtecting! the' putchase^ right
8* 5
9-16
10c
share
comnion
share If purchased during "the' calendar
per share if
8-15
10-
l'y2.%
May l, 1953;
1959; and nb premfuni thereafter.
share if purchased during the
per
8-22
4
$17V2c
(resumed)/.
Laboratories;' Inc.—
Quarterly £.v...,, -..i
after to May 1,
9*14
8*19 1
9« 9-£
9-
iSstfe/'tc-MS'y'l,"11051;';'2%/thereafter to
after to May 1, 1955; 1% thereafter to May 1, 1957; % of" f%' there-"'
9-14? '
1*
10*1
: ■
(quar.)
"Corp./Lt'd.
11-304/
'
& Lithograph Co.—
Commonj,/^-._u.._i/_.^_—-
Steel
10-
$2
S."Rubber Reclaiming Co.—
United
,8-31*.
12-201
"81/
—...
prior: preferred
of?
ri-z;
0-20
400
•
...
&
BUSINESS—Company was
organized In California in
•
1927..
It Conducts
a
business 'of/manufacturing
three principal; types:
9*15'
8-31
motofs of
9->3
8-15
(geared : head)
and
selling' Alec'trii,.
Standard,' motors,, Slo-speed! motors;
and/ Speed*trol ? motors /(variable' dpeed
?trans'mlssloiis)>z
'
'
"
8-17;
Quartftriy',-
>.
$1
•
U, S."Playing Card (quar.)
Extra uii——
Quarterly
8-20,
9-
1
10-
50C
(quar.)
Universal
/-
2!
3
7-311
1)
9*10
175c
United Utilities? & Specialty Corp. (initiaJ.)
Universal Insurance Co. (quar.);
;
9-10
12-
$1.25
22%C,.
preferred
(quar.)
•Transfer? books
$-10
.v.c
.
50c
United
8-20'
10-
,
8-15
20o,
9- 1
.
■1'."l>referred'':-(quai/);£ii/^—//^£/////^:!
1
:<>«•■*
87%0
...
U. 8. Steel Corp., common_..-/-/.£.«.//^w.
8-1
8-
'•
8-30
•
25c
d
.
Sjieciaities- Cp./....t—;
5% 1 preferred
8-23
9-
•
8-30
-
t25c
$1.75'
preferred "(initial)
Leather Co., class A (quar.)
8%v
8.t15*
;>
8-31'
12-
8-17
?:
3 ?
V:
■
'8%
.
9./
r
Coal Cos. (quar.)
Investments/ Ltd.-**
preferred (Initial)
8-17/
3
9-3
•
z
$2.50i
4 %%
Supply
Electrical
xLess
9-15
-
Hoffman: Machinery. Corp.—
AVa%'
-9vl 1
::
9* I*
8*
S.
$1.12
Z
/,
y,.'
9*
.
9-10
'
8-15
.
•
8-15 •'
,
3 '
4%%:
U.
75c
8-13
v;
.
8*15'
•
9-
;
U.? 8/ Lines Cq./bommon (0uar^
8-10.
60c
/•
—w————:
£—
3%.% preferred, (quar.),r^
Sioiix! city Gas & Electric—
$3.90
•
preferred (qnar.)£.£-4---~-£.--.».w4$lil2%
(Alexander) & Sons Carpet Co.—
' /
'
Common
-
150c
*50C
—
'
U/ S.
8
0-31
75C
JOS JZ
8-16*
3
37c
(accum.)..
Uv S: Guarantee Co. of N.
•
8*249
8
8*■-
i
.
•.
8*10 i
8-
8-22
406^'
r<
prior'preferred (monthly)
_L
6.36%; prior preferred (monthly);
7%
preferred (monthly
5 " United!*
i
7-18'
9-15
15c;
62y2c
$75.48'
9^ 3
9-
Ltd.-'—'^ ';•*?#«*$•
United New Jersey RR. & Canal
10*19*
«•///
8-20
3
9-
9-
6%
9-100 ^
8-30*
8-26
&
$1<23<
Zion'S ' Cboperatlve Mercantile
Quarterly
9-16^
9-10
25c
United.7LightvAs Railways (Del.)-*
;
8*24;'
25c"
_
&;■:
:
I
'
25c
'New
9-10
2
$1.25
Electric
Fuel
0-16
8-27
■
j
(s-a)___.
Youngstown Sheet & Tube
ft
preferred A (quar.)
United-Grain Growers. Class A pfd. (interim)
United'. Illuminating Co. • (quar,)u.._£a£._£._)
9*109
•
50c
-
Signal Royalties,- class A (quar.)
l.w.
Signode Steel Strapping Co., com. (quar.),—
6%' preferred
(quar.)
—.——;
Simon (Franklin)
& Co.. 7% pfd. (final).
4%% convertible preferred (initial quar.)
15
9-20) ;
12*20) ;
8-10
United
7-20
.
V
YellbWCah'Co/' (San ■ FranclsCO)—
9-10?'
9-30 '
10-
•"50c
/6%
.
held
..
"
8-16
0-16
'■? "
9-20 -
9-20
93%c
£•£
United
,
i
1%'.
10-
./
United' Dyewocd Corp.,-7%. pfd.
8-12*
share
8-20
~y
t $2.50
Yale''& ^0^0* AlanUf'acturlng" Co.Z/x«_
8-30'
.
A (quar.)
Company (quar.)
Corporations,
9-10
50 c
United Cigar-Whelan, $1.25-prior preferred—
United
i
IOO
8-16
*Z
0-14/
25c
Wurlitzer
8-24?
$1- 9
1
U-*
Corp.—
Class
8-26 '
8-26
8*26'
9- 3':
$25c
&
-
8-23;'
9-14/-
;
•
*
1
8*2
11-15
ny2c
(quar.)
I
9'
8-20
9
9-
6214c<
13%C
convertible preferred (quar.)
United Biscuit Co. of America
9-10.
9-12
114 1
9-16
9-10?
9-14;
25c
336'
Class;V •>'10c
Shawinigan. Water
l-O-l
25c
Co/ (quar.)
Co.' (qua,r.).———
Corporation Class A (quar)
Sears Roebuck &
Serrick
*
8-15 v
10- 1
Car
Aircraft
9-
30c
(quar.)
8-
r
5
25c
(quar.)
1
Rubber
9-
8-30
$1.50
5%
9*1(1?
8-20
85cr:
(quar.)—
preferred
$3.40
United
'
.
Common
i:-v
$3,75, preferred
Union'Tank
9-16
Corp.-—
&
of -California—
8*10,,
9-16
(Dallas)
9-3
•
5%
Oorp/, 5%% pfd. "(quar.) :
Corporation
8-30,
50c
Coal/(increased'quar.)
Asbestos
Union -Oil
8-15
$1
20c
$1.25
$1.25 ^
ROc !
(quar.)
(quar.)
Underwood
8-30
9-15
5%
South La Salle Street Corn,
Union
Corp.—
(quar.)
Acceptance
Securities
'
9-l5«
——
>
208
Tyler Fixture
9-18 *
9- 1
9- 3
10- 1
5%
prior preferred (quar.)
———
10- 1
Roos Brothers,: Inc. (quar.)
—
9-20
Roxr Theatre, $1.50 preferred (quar.)
37V2C
8-30
Ruppert (Jacob) Co., common
'25c
9-1
AVz% preferred (quar.)
——
$1.12ya
10- 1'
Ryan Aeronautical Co. (quar.)
*
10c
9-10 •
8aco-Lovell Shops (quar.)——
25c.
8-24 .
St. Joseph Water Co., 6% preferred (quar.)
'
$1.5Q
9.4 3
San-Nap-Fak Manufacturing Co.—> ;• ■■■,<
70c preferred (quar.)-——
17%c
9-30
70o preferred
(quar.)
17%C'
12-30
A%
;
1
8-15':
9-15
25c:
receipts '(final)
$6 1st preferred (quar.)__
Trinity Universal Insurance
8-
$1.75;
$1.75
Co. (increased)..
(irreg.).—
(interim)/£.
Truax-Traer
9-12 1
•t$i
(P. W.) & Coy, Ltd.—
" ?
s'': "
'Ordinary (interim >4
L
Woolworth (P. >W.)i Co. (quar.)__IIIIII™"
11-25
2
25C'
depbsit
Company,
12-
$1
8-28/
8-15
9-. 3
10- 1
10- I
common^—
Bearing
Securities
:
Wboiworth
8*30
f:'A
>)
common
1
,10-15/
9-2
...
$2.50
Trane
33V!i%
75c
%% 1st preferred (quar.)
■h% 2nd preferred (quar.)
&
'
$l-12Va
-—
Roller
American
10-15
.84
:.."r*
Rochester Gas
Ti'mken'
Tobacco
11- 1
11- 1
9-16
15c
,15c;.
25c
(stock dividend)—
Rhode Island Insurance
8-25
Tide Water Associated Oil
8-10:
.
30c
Republio Insurance Co. of Texas (quar.)—
Republic Investors Fund, Inc*—
.
~
6
6% preferred class A (quar.)
■v'
6% preferred class B (quar.)—
—
Rheem Manufacturing Co,v com. (quar.)—
9'
94-s!fr:
*
(quar.).
15 preferred
9-9
9-
•
(Del.)
40O?
■:/ZZ$t/!
9'
10-
:Z; 8- 9'!
9-10
.
,
1
(s-a)
Thompson Products, Inc.,
4„% preferred (quar.)
10-19?
$150
.
Thermatomic Carbon Co.—
9-13
.
$1.75
??:'
„
__
.
Service
9-10
8*180
8-151
'
>
50C
(accum.)
(quar.)
.
9-20
8- 9.
s-
'
Tennessee
5
8-15
:
(quar.)_
Weston
'
'
5
3
9-15
<(quar)uw-„i>
Westmoreland; inc. (quar. vZ'.T..
" /.';
*
8-150 t
9- ?lr ';
$3c
99-
9-
_7 %" participating preferred
8-301
50c.'
£
8-15
8-23/
3?;
$1.50
•
$5' preferred';A (quar.)
$5 preferred 'A, (quar.)_k:
40C
40O
.
8*261
,
each
Wetttaghouse Air Brakeiu
Westinghouse Electric -Corp.,
10c
25c
Auto
iCommon
9-10
-
8-26
9*
$9
Western1 Pacific RR.
8-23.
9-20
25c
-
.
9*
8-31
9-15
preferred, (quar.)^
preferred (quar.)__
Western
v
9-14
25c
9
8-20*
;/ 9-10*
20C
$4 convertible'preferred
8rl5,.
9-
$20c
(quar,)
_.//£—
8-31
WesSon/Oll:&Snowdrift*^.. ",/
,85c
Co. (quar.)...
Sylvania Industrial Corp. (quar.) u.
Sylvanite Gold Mines, Ltd. (quar,)
Syracuse Transit Corp. (quar.)...
jm2m
-
-
Wentworth Manufacturing
Co., common,.-..
$1 convertible preferred (quar.)_^^__^__
8-10
1
2
9-
/- ?•
60/
'
$3.25
:i, 9-
15C
)■
d
1
i3y4c z
Non-cuto,/4 2M; preferfedw-.*.^/v.-Z/-^/-./x.
Wellman Engineering Co. (quar.) »
9-19
2
9-
$1.50
(quar.)
10*
z i3y4c
■
Welch Grape Juice,
;
8*15'f
1
8-15
$i:'
%/
Participating?. Units—£-».
8-12'
1
10-
Z
.
Corp
preferred
5%
11*30
3:
9*
9-
25c
5%
8*31!
8*23/
.
Talon, Incd^pofhti^wi^
i
Tampax, Inc.
L
Teck. Hughes:Gold Mines (interim)
Telephone Bond & Share Co.—
for
5%
8*31'
12-12
25c
participating preferred
share
Petroleum
•Common
1
.
Swift'International
*"}<*
8- V
9-
9-12'
50c '
;u
.
,
Gooderham & Worts Ltd.—
(quar.)
additional
Warren
8-12"
9-12?
'75C
'
Corporation
(initial)
Superior Tool & Bie Co/ (quar.) //•..
l._.
Susquehanna Chemical, 5 V2% pfd. (s-a)
Swan-Finch' Oil, 6% preferred (quar.)
4% 2nd preferred (quar.)..;
Swift & Company- (quar.)
84 6
Qualcer Oats Co..
3'
9-11
12MiC
..
10-15
1
9-
i2y2c
.
Super-Cold
8-23.
8-
11-
1
$5
(quari)/—s../
Washington Railway & Electric Co.—
Oil Company (quar.).
Sundstrand Machine Tool
8-30
-BOc^
$2
25&
$1-25
S0C
A
Iron
(Northam) Gorporation—>
$3' preferred "'(quar.) .-jWXcM?
Warren (S. D.) Co., common
$4.50 preferred (quar.)
v
.
75c
Sim
(L25.;
VJ,
100%
•'•■Extra
8415;
.
.
Class
8*16
*
i
9* 0
'
Warren
.
3
9-
.
8-15
:
3
10-
20o:.
Warner & Swasey Co
"!
1
10-
50c
-
8*12
'
>
:
•
One
8*12"
9-10,/
v. 1S
.
3114c
-
6y2%: preferred '(final)
Stuart (D/ A.). Oil Co..;(irreg.).
9-30^
9-10
,25C
Ltd.;*/;
9* 1*
9-
$1.50 V
Warner Bros. Pictures, Inc.
(stock dividend-
8^X
9-161
1
^
?
.
1
9-16
$2.50
$2.50?
•$L:-prefeilTed~4'i(final)'£i:/i££/-£-^i-i-z^;i:
8-31
37y2C
...
Common
8« 8»
8-28.
9-
?
••
Alhhlet*'MinOs, - ltd, • (quar.)
Wklkertv (H.)
8-20
<
r
*■ 'vr
\
'
12-
$7C
30C
•A
'"■t
12-10
.206
.xi_
/■
9-10
$1.75/
Walgreen Company, common (quar.)
4%' preferred
(quar.)
Walker & Co.V Clasa B-JLn—
?
^
9-20?
Stromberg-Carlson Co.—v
.
&
Class A
(monthly)
Class
B
(monthly)
Vogt Manufacturing Corp.
Vulcan Detinnlng Co., common
7% preferred (quar.l.
.
Waite/
i
7-31
3
•.
y 8-30 / 8-15 /
50cvi Z 9* 3 /
8-16
$3.50
i
; '•. .■>
.
(quar.).—/
A
8-lS!;;
••
'i.
-
9-
60c
preference
'
•.
9- 1
10.*'li
40c
(quar,)
prior
8*13"
9- 3
:
.
8-lS;
8-30
•'
Coal
Vlsking Corporation—
8-23
■
J«y.-
;
8-29
9-20
few.-liil !
1
-
Virginia
.
(quar.)
Stokely-Van Camp Inc.—
5% prior preference (quar.)—
Strawbridge & Clothier—
8-15;-
5
r/.'-.
Virginia-Carolina Chemical Corp.—
4$6 participating preferred (accum.)__
■•8?31^;Z;
'-if
■
40c
Sterling/Drug inc.
8-15/.
"■
8-20)V i
9*16/
rt'm
Common (quar.)
Stock.: dividend
-
<;
8*206
9-
$$1.25
62y2C
Sterchl'Brothers Stores, new common (quar.)
'
Extra
8-16
18-26,
3'
9-16
36y4c
$1.12 y2
_^_4£.i^..v4-i4*—
Works
5
n
8-31'
9*
—
Standard 'Stoker) Co. (increased) -.......
Standard
- Wholesale
Phosphate
&
Acid
8-20 1
:
7-311
9-15
9;
10-
$1.75
l'x
9-28
12-29
1
9-
-
vV'v
8-30
■
'
?Z:
(s-a) {
5% ^preferred' (s-a)
Victor Monaghan Co;: (quar.)«
Victor Products -Corpi
_wb
1
10-
$1"
/„
■
1-1-47-
.
62%e
Common
10-11
94-3/.
0-14
:
$l.l2y2
(quar.)
Participating-- coiiyertibles' preferred
Standard Steel Spring— / / ?v <' . •
:4 4 %" preferred: (quar.) i.__.
9-20;;
.
.
8-204
IOOK
$1.37 »/2
8*190
10-15
35c
$1.37 >/2
....
9-20,:
8-15 >
«
.
/
8*30/
8-3 l.c
$lCi
75c
Vernby Corporation idnitialV—;/-;;/a'Z
Viceroy Manufacturing Co., Ltd. (quar.)
Vick. Chemical Co.-'(quar.)
Vicksburg 'Shreveport & "Pacific Ry; Co.—
?;-s- ir>:
9-18
40c
Standard Pavingi-8r Materials;!
$1-75
preferted: (quar.)——
Pullman, Incorporated' (quar.)
Punta Alegre Sugar: (increased)
Puire Oil Co., common (quar.)—
5%
'preferred
(quar.)—J.
PuHty Bakeries, Corp.
Z
10-
75c
•
of Rea,
..'V
9-12
?;?:?/; $2;:
(quar.)
?2%( 'Urbfferfediquar.l—
7%
preferred? (quar.)
9-20:
9*12/
37 '/a Of..
'...•■750!
(quar.)
8-15,'
9-30/
-
preferred ti(quar.)—I—
85
'
,
Standard
8-15'
9-3
9-' 3 '
9- 3"
9- 1
9« 1:
—
•7%
;•
prior preferred
\ ZL\V\
■,
50c
;
H oldert
Payable
n.'/
Vapor Car Heating Co., Inc.—
its
/
.."J
-
(quar.)..
preferred (quar.)^_<..'..._.
Sthndard-Coosa-Thatcher (quar.)
8"16;
10-15
$$1.50
'ii ~ -iw AiUum'mi#* ****''
$1.60? convertible-: preferred
8-15/
8-
8-13'
Standard Forgingafincreased quar.)...
20C.
Standard Fuel Co.. 6%% preferred...,
t$l.loy2
Sfarfdard Oil Co. of California (increased)..
65c
8^15,
'
preferred ' (monthly) __—
preferred (monthly)'/
preferred (monthly)-
Public Service JElectric & Gas—
'.
8*12
10-1
41,Ac
-
58y3C
6%
50c/
5%
41%C"
Public Service Co.. of Indiana, common
43c-'
3%% -preferred (quar.)——
87y2c
Public Service Corp. of New Jersey, common>256;
/ -$5-preferred (quar.) >————$1.25/:
6%>
preferred (monthly).
v50ci'
6% preferred (monthly)50C^
1%
preferred (quar.)
—
$1.75:
v
8%
preferred (quar.)_
$2''
7%'
4
8-15/;
9- 3
9- 5
9- 1
94 -2/
.
——-
—
Public 8ervice Co.
;
8-26
9^3,
26.5c
■:"i
(initial)
common
Utility. Equities Gorp^i**,
)- •••*
$5v50 priority stock (accum.)
Vanadium-AUoyb Steel •<16:>-_rj.L-L- „-
8*20;
>
Standard Cap;8*cSeal> Corp.-—/•: v
.
.....
$1.60, preferred -/(quar.) t..
Standard Chemical Co;;-Ltd.—/ ^,
8-13.
'■
9- 1
(quar.)
(Detroit)
wu
;
9-15
Commom (quar.) ;
8-16'
9" 3
9* w>
10-15/
10-159- 1
$1.50i
$1.37%?
preferred (quar.)
preferred (quar.)
Power Corp. of Canada, 6% 1st pfd. (quar.)
6% non-cum. partic. preferred. (quar.)—
Pratt Food Co. (quar.)——
:
i
5%%
pfd.
Inc., $4.50 pfd.
8*15
8-31
37'/2C
pfd.
$6
(Dallas)
1st
5%
$1.12 »/2
'
Quarterly, '0 Qafiut,mm Ham.
3
/ 9* 1
$2
Standard. Brands,
I f
8-2dA
8-31
Telephone,
Company, $4.50
8-18
u,
...
<
Standard Accident Insurance
9-141)
9«"ly
California/Edison-^,
-
Spear &
8f 9/
10- 1
9- 1
$l£
—
preferred; (quar.>'.i/u_./.i.4~---«.
preferred B
4;>>i«$^'60!/2nd preferred (quar.) J.
Splege/^/Inc., $4.50 preferred (quar.)
9- 2/
8-30'
8-30/
$1.37%
Share
;
$3/ preferred (quar.);
Upressit Metal Cap. 8% preferred (accum.)
Utica'* Knitting Co., common- (quar.)
;
.
Spartan, Mills
,
9- 2/
Wine—ai-xis—u—10c
—
10c?
Mining,. Co._————
Creek Pocahontas (increased)
9-
8-15
9-1
25c
preferred.
Sovereign Investors,. Ino,
8*134
104
y2%
Southwestern Life Insurance
.
'r-
10*1p
$1.25,
8-30
Hew
v.
1,
Upper Michigan Power • & Light—,v,
$3 preferred (quar.)
8-15/
8-15
•-/ : h
*
8-24
$1.06
6%
Bag & Paper—
Southwestern' Associated
8-12^'
3''
10*15'
9-16/
8*30»4
75C-
.
Valley
8-15/4
When
Per
'Z/vZ/
Name of Company
Universal Products Co/--
,-s r.i
,m
8-15
v..
Mills,'common (quar.)—.
$4.-preferred (guar.)---..,
—wwPloneer
Suspender Co.
(quar.)
——
Pitney Bowes, Inc; (quar.)
Pittsburgh Bessemer & Lake Erie (quar.)—
Pittsburgh Coke & Chemical, $5 pfd. tquar.k
Pittsburgh Steel Co., $5.50 pfd. (accum.) —
Pond
8-31
$1
(quar.)....
Southern: California Water, 4% % pfd. (quar.),
Southern Canada Power Co.; Ltd.—
0% participating preferred (quar.)
Southern' Natural Gas Co.r( increased)—^
So 1 itherm Railw&vt Cm
8-30.
»*'.,
4
6%
—
Polaris
8-16*
50c
Telephone,
Advance
Southern
-
Pleasant
Southern
8-23
9- 39- 3
20c
91V4C
(quar.)-
Works
(irreg.)
(two additional shares for
i:K
quarterly
Southeastern
:
•
9- 3;
9- 3r
25c
-
8-10
8-21V
8-23'
•
r
8*20.
9-10
9-30
9-30/
,
/.increased
i
10- 1
Participating preferred
50c
10-12
8-2;
■Phillip*"Petroleum '(quar.)/••'BOWZ/ 8-31<
8*15'!
Photo Engravers & Electrotypers Ltd
$50c
9- 3/,
'8-14'
Pierce Governor Co._---u*JI-_'—-i——
300:'
8-24.
PiUsbury
of Re0.
9-14
;
Southeastern Greyhound Lines—
8-31
9- 5'/
Dodge Corp. (quar.)40c
com. (quar.)
30c
$lpreferehce*(quar.)Z
___.—.il.—-.
J.
25C'
Philadelphia'Suburban Transportation Co.—
«r*v
Quarterly
!—25c
Philadelphia Electric Co.,
-'''Extra
Hoiatrt
Pavabla
.
9-18
Lathe
Bend
Stock :dividend
9- 5
Phelps
.
When
Share
--
each three shares held)
$422'
9*27'?
70c
—
South
9-20/'
8-31"
8-20
9r 3.
)
—50c
(quar,),
Company
Extra
'
9- 1
9* *3?
9- 3,
$1.50/?
'-'^8505::
pfeif-fer brewing; '"
9-16''
9-16 '
10* 1'
10-15
9-15
__
&
POT
Companw
256
Socony*Vacuum- Oil C
Soundvlear Palp; Co;/;common
30C
(quar.)..—3
/;
6 % ' preferred Xquar.),$1. 50
8-12
10-* M
$2
$1
Perfex Corp.,'' 4% % preferred' (qUar.'>*.».«-l-.~ $1,12 %'
Perkins Machine & Gear, 7%, pfd. (quar.)__
$1.75
(Clias.)
mh"
"
9- 3//
•/$!.
Peoples Gas Light '& Coke_:—._—■'■"■
Peoples Telephone Corp.r common (quar.)__
4% %
preferred
...—
Pfizer
Worn* of
i
D"
v
Pennsylvania State Water' Corp.—
; $7
preferred
(quar.)_——
-
oJReo.
favabt*
SMro.
,
.
.
•'<-
'
;?
THE COMMERCIAL & FINANCIAL CHRONICLE
996 <
Monday, August 19, 1946
i
>•>'
...'.■
Company's products are used principally in the following industries:^
iood processing, machine tools, :;lumber, automotive;^ rubber -and tex- -
■*'.
'
^
as
$500,000
500,000 shs.
69,591 shs.
sinking fund debentures.,
5 7c
year
Authorized
:
Common
shares
Common
share
pari-;—_^_a-
($1;
/;
warrants
purchase
shares
of
28,
;T
/
.
.
.
"'
1944
The company on Aug, 7 filed a letter of notification with 'the SEO
12.000 shares (no par) common.
Offering price $25 a share. Pro*
will be used for additional working capital.
Issue not under*
for
ceeds
written.—V.
^
'
■
Tobin Packingr Co., Inc., Rochester, N; Y»~-Files Witl*
SEC—
Carr
shares
&
Detroit,
Co.,
.
June
on
stock ($1 par)
common
27
offered
«•'
,,
299,000
•
.
F
_.
.
,
.
.
.
The Occidental Corp./ a new subsidiary, has
acquired a
in Far East Oil Development Co., Inc., according to E.
President of Occidental.
Far East Development has
.
70,000
Peninsula
v.
p.
164,
_
16.
the
in
acres
southwestern
in
■
Products
northern
Luzon
;
TreeSweet
^
;v
15% ' hold*
D.
Wood*
leases
on
Cebu and oit
Philippine Islands.—*
part
the
^
■,
Co.
in
' /y
of
.7^//,^
■*
(Calif.)—Preferred
Stock:
Offered—Mitchum, Tully & Co., Lester & C6. 'andl
Wagenseller & Durst, Inc., Los Angeles, on Aug. 1 of¬
($25) per
1'
„„„v
|
>(tK,
ing
Bondoc
tor and pump, when used in combination, constitute a hydraulic trans-
.
4' £
4
..■
approximately
x,_
COMPANY—-Was organized in Michigan April 5, 1946, for the purpose of engaging in the production and sale of the line of Superdraulic
products which had been uhder development by Hydraulic Inc. for
several years.
•
Superdraulic products are of revolutionary design. They consist of
hydraulically actuated variable'delivery motors, constant delivery motors and both variable and constant delivery pumps. A hydiaulic mo.
,
ruff,
«
.«>•»
1440.
p.
Transamerica Corp.~rAcquisition by New Unit—
_
at $1 per share,
.
162,
-
Superdraulic Corp.—Stock Offerea-^Lytle & Co.y Jnc.,
and
.
.
.
vl
194®
«
i
|
'
J
.
' >
<
[-_;
(estimated $532,097) will be applied as
follows:
Construction of additional factory building, $31,825; purchase
of machine tools, $89,598;
purchase of miscellaneous equipment and
making
factory
betterments, $82,000;
retirement
of current bank
loans, $115,000; retirement of conditional sales contracts and equipmeut notes, $18,585; working capital, .$277,090.
proceeds
4
.
$U&2«$U,672*438 $7t787?m
that time.—V. 164, p. 4G4.
180,409 shs.
' 69,591 shs.
1946,
.
j
'
turm3^;1946
outstanding.
PURPOSE—Net
\I
»
(
,
shares of
2,000
were
„
Sun'Oil Co.'.(& Subs.)—Earnings—
•• •
the company's authorized capital stock
common stock ($100 par), of which 1,507
Subsequently the company's articles of incorporation were amended to change its authorized capital stock to
SOP.OOO common shares ($1 par),'and to change and reclassify each of
the
1,507 outstanding shares of common stock ($100 par), into 100
common shares
($1 par) value, and common share purchase warrants,
entitling the holder to purchase 13 additional common shares,
($1
par), upon" terms set by the company's board of directors.
Subsequently the board set the same terms for the exercise of such warrants as wore set for those attached to the debenures.
Feb.
note-—on
consisted
1
Earnings per common $harfc.***—
$1.21
$3.67
$2.67
Outstanding ::
•Includes a net gain on sale of capital assets, in the amount of
$600,000 > > $3,330,142, equal to $1.13 per Share on. common stock outstanding at
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
■'
>1
*
k.
c
.:• N^.^prof—-.-.-ki.---,—J
^^e.*, AU of ;$b© product?: arc sold, under the brand,,^ame ^3terling."
1
f
fered 12,000 shares of preferred stock at par
share.
„
PURPOSE—Net proceeds ($262,737) are to be used as follows:
To construct administration and factory building (approximately),
$109,000; land, $15,COO; off.ce furniture and equipment, $14,384; as-
Transfer agent;—Farmers and Merchants National Bank of Los An*
registrar, Bank of America National Trust and Savings Asso*
ciatton,
geles;
senibling and testing equipment, $84,800, balance for working capital,
■
HISTORY-
!>^ER^I,raife^aSeU'-Marshal* ^
wS
ge
CAPITALIZATION GIVING EFFECT TO, PRESENT OFFERING
Authorized
r
'
'
<o
»
2 MosjEnd.
'\
.
CJros^ sales
less
dis-;;,v:
1945
- ^ftfVO
$318,213
$2,008,148'
60,319
:
Total
Other
'
$14?'537
1,531
$65,283
$126,671
$155,623
$157,272
50,309
35,897
6,548
;
,
59,757,v
.
,
taxes..
22.530
37,562
$29,352
467
73,048
$36,203
Prov, lor Fed
'$32,266
.
income
•;V"'v-ifi."
,v" 0 '
4R4
n
l;
_
Sun
X>illon
on!Aug.
*i\Loi
$2,000,000
offered
13
U.
15-year
each Dec.
Oil
debentures.
and June
15
the
in
redeem
fund
Sinking
of
may
the net
PURPOSE—Of
for
($1,980,790)
proceeds
$1,200,000 will
,
V, 164, p. 323.
".
Files With
-*exas UUII dUipnur to., inc.
1945
$5,379,617
1944
$4,467,418
l'innnno
2'innS
1'innnoo
purchase
91,140 shares
of
of
stock
common
assets
•5
operated
the
consist .of
stores
:J
acquisition.
The
by
merchandise,
Media
>■
*
-
..
intends
company
fixtures
Drug. Stores,
to
'
,
,
of
sum
,•--*•
■
,
the
use
Inc.
$150,000
-
as«<
49,83®
80,786
37,273
2,776,777
235,279
173,322
61,957
357.878
213.129
144,74®
3.799.738
100,000
4.9trKQfit7
cm
'Net profit
Earnings per share
of
"
net
assets
proceeds
to
the
additional
Texas Public Service
this
of
company
$0,67
as
preferred
per
compared
share
and
with
595%
$9.18
per
30, 1945, and 767%, $347.59
respectively, on March 31, 1946.
At
$0.64
June
securities,
5.5%
On
and
of
net
that
common
the
good
the
while
bonds
before
total
tax
bond
SSSSm-rS
purposes.
estimated at< $335'7?0'
'
preferred
74.2%.
than
and
stocks
of
preferred
eastern part
Of
of the United States, principally in the Philadelphia
these, 48 stores
and
under
35
operated under the trade name of "Sun Ray,"
are
trade
the
area.
"Nevins."
of
name
The
"Nevins"
stores
were
Deprec.
accounted
utility
addition
In
license
a
company
chain
trade
of
a
stores
under
the
by
company
of
are
so-called
with
the
cash
percentage only
neighborhood
handled
staple drugs
following:
and
tobacco
are
on
in
merchandise
The
rettes,
operated
the instalment plan.
The
or downtown shopping centers.
In
retail sales, the company does some wholesale business,
;
small
located
are
Addition to
;
independently
type, containing large merchandise selling space, often
soda fountain facilities,
Practically all sales are for
very
stores
'the
operated
stores, and since July 1, 1946 has operated, under the
"Media," these stores as part of its regular business.
the
of
"super"
extensive
and
stores
30
are
12
name
Most
7
i
there
-
with the company which bear the name "Nevins."
has purchased the assets of Media Drug Stores, Inc.,
agreements
The
by the company includes, when available,
and pharmaceutical supplies; cigars, ciga-
tobacco
accessories;
candy
and
related
items,
xundry merchandise such as toiletries, electrical appliances, hospital
and surgical supplies, hardware7and.houseware supplies, wearing apparel, toys, games, sporting goods, school supplies, stationery/ glass
and
chinaware,. cameras, films and .photographic supplies, rubber
goods,
radios and radio tubes, phonograph records and seasonable
merchandise,
including greeting cards and vacation and holiday
specialties.
In addition,
in several stores, the company maintains
departments.
grocery
.,
Authorized
debs., due Aug.
cum.
Common
conv.
pfd.
stock
($1
•Exclusive .ot
stock
li
1961 ; $2,000,000.
($25 par)^_
par)
300,000 shs.
*8,1338113.
400,000 shs.
-
tl.05,686shs.
^AT>oi« 3°* 1946v * Ex"
1946.
chisive of 54,150 shares held in. treasury-April 30,
UNDERWRITERS—The
sole
underwriters
of
the
97,209
1,592,687
8,049
Ai":8,699
93,978
1,513,617
99,136
15,804
15.4C4
17,756
17,738
186,454
187,251
Operating
other
11,000
u
6,000
275,000
___J
for
'
■
■
$30,737
17,117
17,047
<m fi2n
"
.
-
inr>nm.
*9 ion
'
*
1)1291""*"—
163
' *'•
Total
Zastman; Dillon & Co., New York.
are
7
CONSOLIDATED INCOME STATEMENT
ears Ended Jan.31——
ADr°3(l^46
$4,188,386 $11,159 082
n,erchands,dl!
<3ISm
,...
8,442,102
.......
'
jmTI gen, fadm
Sell. & 25 & adm.
r
exp.
excess
Pennsylvania
Mof
.Net
2 248567
2,248,567
2 108398
2,108,398
1933 202
1,933,202
^91000
91>00°
$117692
$lll'201
$105407
------
J'ft??
8,837
7,100
9,101
$lti4 068
$177 $42
tax
tax__
profits
inc.
:
rurnfil
profit
$154,0b8
,
Drug Co.
.NOTE—Nevins
fio«uio
751099
751,099
iswf6'i^rmal"^'^urtax
Ped.
7,877,657
was
$177,542
merged with Sun
4^4
434(399
40Q'ft79
499,973
600
- r.
25,444
.
$947 fiQ7
^
24,421
*9ftn 790
$247,693
$264,328
Ray Drug
Co.
as
of
_____
Tn
i}onf:np-
To
Tnprpa<5P$
Ttir»
1,
1946,
424,140
appreciation
BALANCE
ASSETS—Cash
of
„vw
investments
Alio K-ouiuig A/O., int.
increases uiviaenu
The directors on Aug. 12 declared a regular quarterly dividend
25 cents per share on the common stock, payable Sept. 16, 1946,
holders of record Aug. 26, 1946. This compares with a dividend
20 cepts per share paid on June 15 and 15 cents per share prior
that.—V. 164, p. 15.
<
..
'
*
i
:7 " v? v
in
SHEET, JUNE 30,
banks,
$1,279,869;
v
n
'
j.
y.
}
\
n
e
:)
n r
il
after
in
U.
S.
Govern¬
"
another
important
sion 0f iarge American
to the Lehn
& Fink
leasing
due
for
securities
March
feet
the
on
second
feet comprising the
also a store and .
floor to be. used by its subsidiary,.
square
1961,
a beauty salon, in the 21,-story air-conditioned
^fi?e building^now.jn cpur$e oj construction ^^ 445 Park Ave.^ New
ThePnew building
surplus,
purchased,
is scheduled to be completed by May 1, 1947,, at V
The
Tne
St.,
The
other cosmetic
and
been rented
have
from
been
the plans.
taken
by
Six
the
floors,
the third to
Universal
Pictures
Norman
that
a
Tishman,
number, of
Treasurer
other
leases
of
the
are
Tishman
improve
to
its
Fidelity
;
■
of
the
Y.,
is
occupied its
for 25 years,
present building at 75
but business expansion
present site, the announcement said.
the
in
facilities
new
as
result
a
of
.-".'-t'
early in
J
in
1947..
Guaranty
parent
A
this
new
.
Fire ' Corp.,
in the
given
and
company
its
fire
affiliate
an
space
of
location
new
subsidiary
,
.
the
and
will
preparation
operations
housed under
be
163, p. 1292.'
purchasing:
all
:
plan of recapitalization for this company designed to reducer
liability and eliminate dividend accumulations is being sub*
mitted
to
Sept. 30,
reports
'
acquiring
building will begin promptly
capital
$
The
:
stock
of
the
voluntarily
who
will
vote
to
for
stock
the
on
plan
,
J'"t
Ci
»
C
rf'i
i,
the
and
for
exchanging
of
increasing
shares
500,000
'
.
V
meeting
a
-I
»
from
stock
a
new
the
the
^referred
their
ti
•/
X> .-♦* ,3
Irt
t
>V
on
<
authorization
outstanding 7%
t '
at
''Z
V;.
provides
preferred
common
Holders
of
stockholders
1946.
plan
vertible
£
the
United States Finishing Co.—Plans
Recapitalization—*
the eighth,..
and the »
involving multiple floor
feet of floor area in the
"
par
the form of an eight-story building on thn
a
ten-story building on the Cedar Street side.
departmental layout and the company will be abla
cervice
on
&
roof.—V.
one
pending,
vi:r. 'i i
due
no
and
a
will be
company,
Corp.,
organization,
front
for occupancy
With the. closing of this lease, the Tishman company announces
th^t all space in the building frpm the third: to the, 13th floors/has ^
inclusive,
Lane
;
Alterations
pharma-
9th' 10th and llth floors haye been leased by Monsanto Chemical Co.
stock,
property.
In addition to Dorothy Cray products, tehn
Fink manufacturing
plants in Bloomfield, N. J.; Toronto, Canada; London, England; and
Buenos Aires, Argentina,^^ produce Tussy Cosmetiques, Hinds Honey &
Almond Cream, Lysoi Disinfectlmt, Pebeco Tooth Paste and Powder,
numerous
debentures,
.
($1 par value),
$43,835,760.—V. 163, p. 2342*
total,
and
N.
facilities of
location
new
owned
Yoi'k,
the
is adaptable
to
retail store, the only retail unit operated
corporation, located next to the .Park Ave. entrance ol the
and
2%%
preferred
common stock
Ely & Co., the building at 100 Maiden
New y°rj£« N* V., for
occupancy by its branch
formerly was owned by Maiden Lane-Cedar, Inc.
has
New
Maiden
Cream
cumulative
through H. S.
company
William
has outgrown
of
Deorinvont
$6
$29,013,945;
building
leasing: corporation, one of America's largest manupharmaceuticals and cosmetics, of which Edward, Plaut;
is President, will move from 683 Fifth Ave.r New York, N. Y., where
Etiquet
securities
United States Fidelity & Guaranty
Co.—Buys Bldg^—
has announced that this company
office.
which; tinie : the
a
..
$317,279?
^ William A; Edgaf,'5 Vice-President,
has
York' N- Y> between.. 56th • and 57th streets. The lease, which will
run for a Period of 20 years, will Involve an aggregate rent payment
now
$7,360,000;
issVed 141.389- $3,534,500;
$2,429,318;
Dorothy Gray, Ltd., as
facturers
dividends payable, 'etc.,
cash, $244,200; due for
against
trn«eiXp^Sonk ^esL *tc" $503,803;
1,
12th and 13th floors, for executive offices;
square
accrued,
loaned
purchased. $20,952; due for securities purchased when
issued, $411,763:
reflecting postwar expanenterprises, this company has leased
Products Corp. 30,000
.
LIABILITIES—Interest
\
transaction
business
for
securities sold,
$19,282; receivable for securities sold
ued' $19°.451"' special deposits for
interest, dividends, etc.,
total,1 $43,835,760.
'
'
$246,746;
■X'Z*':
t
..
1946,
1946
Investments
present
stock
for
*
-ii '■*
class
authorized
will
the
.
t
30,
receivable
of
to
of
to
Tlshman Realty & Construction Co.—More Leases—
jn
and
-
June
on
securities, at cost, $703,391; investments in other securities (at
cost), $41,272,8J5;
dividends and interest receivable,
etc., $123,206;
DiviHpnd—
the foregoing statements with respect to the last
areas,
and that all of the 243,000 square
month, of
the fiscal year ended Jan. ;31,
1946, and for the three
building above the street floor stores will probabW be leased before
mpnths ended April 30,
1946, reflect the operations of the Nevins
Oct. 1, six' months before the building is scheduled to be ready for
stores acquired.—V. 164, p. 323.-J.occupancy.—V. 164, p. 870.
;
:
Jan.
1943
.
$442,854
dividends
unrealized
$316 755
SJiMbo
i
Dorothy Gray will have
mifiii
"
~
1944
deducting provision of $5,280,000 for possible Federal income tax
pay¬
able if such appreciation were
realized, was $14,276,559, or $2,140,698
more than on Dec.
31, 1945.
' /
$527,142
7 210,387
'
$391 057
profit
The
-
.
$391,057
'
Net
,.„
8,013,567
7fi 3fi3
V1
ci»
ment
$11,065 414 $lo;6ra,606
...
3,146,756
TtV w"r;rf"
-t
1945
*-74100
1
Preferred
35.441
It
Sales
(other
Interest
Hs' present quarters, occupied since. 1928, have become inadequate to
debentures
portfolio
income"
Expenses
491,701
-
$600,798
209,740
$26,237
deductions
/
88 791
:
Npf
and
about
■
185,706
222,329
512,007
718
''
--7
for
Dividends
—
25,519
10 903
income
income
stock
common
of
17.2%
corporations,
3.9%.
earned
175,131
'
19,834
income
income
Gross
about
4.5%
Taxes
surtax
and
a. u
5,000
Outstanding
$2,000,000;
$2,687,623
plant
normai
entire
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
15-year 3V2^
$2,847,280
General taxes
Ped
for
to
appreciation.
were the holding in
buildings, equipment
enterprises,
representing 8.8%
of
gross
assets, oit
accounting for 7.8%, public utilities for 5.8%,-and chem*
companies
icals
of
amort,
and
acquired as a result of the merger of the company with Nevins Drug
Co.
$170,571
Maintenance
amounted
approximately
RESULTS FOR SIX MONTHS ENDED JUNE 30
106,789
Operation
BUSINESS—Company was incorporated on June 27, 1929 in Pennsyivania, Company operates a chain of 83 retail stores in the. north-
stocks
share,
per
government
unrealized
on
subsidiary
the
$14.40
renovation
Co.—-Earnings—
' $179,234,
and
was
ot
debt, $257.89
respectively, oa
investment companies)
and
Interest
Operating^^ revenues^.
share
funded
share/
holdings of cash,
provision
portfolio
stocks, including, those
The
largest groups in
the
share
per
Tri-Continental
grade
assets
date
assets
gross
1946
30,
for
common
1946
will be Wi for general corporate
used for
' - ^
corporation,
June
*9479410
t*3'56^ $2'56^6J? $2A12Jll
$0.94
stock
common
*
*
♦
net
84,22®
per
100,000
100,000
plies.
Current liabilities (including $7,567,609 provision for current,
taxes) were $8,019,858. Reserve for contingencies amounted to $2,768.087.—V. 163, p. 2485.
the
133,012
before deducting funded debt,
1945, to $56,614,322 on June 30
1946, according to Francis F. Randolph, Chairman of the board
At
March 31, 1946, net assets were
$56,502,688. The net assets on Juno
30, 1946 indicated an asset coverage of 769% for the
2%% deben*
tures, $348.38 per share of preferred stock and $14.45
earnings
and 'leases of 12 retail
in Philadelphia, Norris-
the
in
113,089
increased from $43,821,192 on June
30,
1946
$5,115,569
Provision for contingencies
but presently reduced to $1,050,000, and a short
amouat of $150,000.
This $1,250,000 loan was in-
finance
197,309
182,848
Tri-Continenta! Corp.—Financial Report—
Earnings
Inc.
be used
Drug Co.
It is presently expected that the sum of approximately $295,000 will
■3>e used to
purchase the assets of Media Drug Stores, Inc.
Such
1,677,661
118,059
*
town,'Upper Darby, Landsdowne, Wayne and Media, Pa.
Company
is purchasing these assets for the sum of $358,000, subject to adjustments.
These stores will
be operated
by Sun Ray Drug Co. upon
to
$74,702
from the shares of*
fered are estimated at $277,500
Company intends to use such net
proceeds to increase its plaint facilities or to provide
necessary addi*
tional working capital or for both such
purposes.—V. 164, p. 734,
*On 3,840,000 shares of capital stock,
tAfter deducting charges of
$143,426 for depreciation, $352,555 for amortization.
Earned surplus.at June 30. 1946, was $32,429,164 after having paid
dividends of 75 cents per share, or $2,880,000 on June 15, 1946.
As at June 30,. 1946^-xurrent assets^includiflg $28,863,410 in cash
and U. S. Treasury notes and certificates) were $33,129,610.
This does
not include inventories of sulphur above ground or materials and sup-
surred
i;.
Net
Income
$48,006
2.090,120
PURPOSE—The
WifK
'
Qarter End. June 30—
Profit after charges
Fed. and foreign inc. and exc. prof.
of $1,250,000
loan
term
'
Taxes
$122,708 *
1.810,813
1946
irn«c
on
Tpva« Gulf Suluhur Co
payment of outstanding indebtedness presently owed to The
Pennsylvania Co. for. Insurances on Lives and Granting Annuities.
"This
indebtedness
consists
of
a
long term loan,
originally in the
Nevins
Income
Taxes
$1,167,794
The
the
amount
company
derwritten.
,
V*
Profit Before
.
"
'
The
accrued
and
v
Aug. 7 filed a letter of notification with the SEC
f0r 3,908
shares (no par) common.
Offering price, $10 a share,
Proceeds will be used for additional working capital.
Issue not un-
interest: prior to Sept. I, 1948,
;,r 104; thereafter with successive reductions in the price 6f
during
each full period of two years prior to Sept. 1, 1958; on or aftef Sept.
1, 1958. and pricr to Sept. 1, 1960, 100%; and on or after Sept. 1,
1960, 100.
^
4
prices
following
at the
1941
MAY 31
ENDED
Sales
1945
Tempnte Products Corp., Detroit, Mich.
SEC
..
full period of two years prior to Sept. 1, 1960;
1, 1960, 100.
Also redeemable through operation
in amounts of not less than $10,000 on 30 days'
1947, and on anv interest payment date thereafter,
1,
Aug.
on
•
.
YEARS
Total Net
1944
.
sinking fund
notice,
EARNINGS
Merger
on
See American Viscose Corp. above.
after Sept.
or
on
the
juice,
1942
2fi
Anff
Vnt#>
®
1$, during each
and
of
the company's fiscal year gross sals by products
Orange juice, $1,944,736; grapefruit juice, $982,858}
$724,280; other products, $158,834.
follows:
as
.
,
withdrawal
m
made
be
..
.
SALES—During
were
lemon
assigned
8
in cash or debenlures and debentures redeemed otherwise
than through the sinking
fund may be credited against sinking fund requirements.
Redeemable
at the option of company as a whole or in part at any time, on 30
days' notice, at the following prices and accrued interest: prior to
-Sept. 1, 1948; 107; thereafter with successive reductions in the price
payments
,
and
Clark
1943
f>ffainst
15, 1960,
amount of
principal
$1,520,000
Andrew
James
Calii.,
juice,
According to the terms of the patent, the new method also dethe quantity of rubber latex used in the treatment of pile
fabrics
and
produces a fabric in which the piles are permanently
bound to the ground material in a manner that secures the pile yarns
thereafter to and including Dec.
15
aggregate-to
OF THE COMPANY—At its
original plant at Sant*
- the
company
processes
and cans orange juice,
lemon
grapefruit, juice and the allied preserve products.
At its plant
at Phoenix, Ariz., company processes and cans
grapefruit juice.
For
canning purposes juice grade oranges,
lemons and grapefruit ara
purchased from fresh fruit packers.
•"%
Ana.
creases
^
1 and
Aug. 1. Coupon debentures in the denomination of $1,000, registerable
as to
principal only. Sinking fund payments on June 15, 1947, and
sufficient
issued to
2,391,867,
to the company
1H4
of
3%% debentures at 104 and interest.
Dated Aug. 1, 1946; due Aug. I, 1961.
Interest payable Feb
Patent
S.
has
OPERATIONS
de"
Syivania Industrial Corp.—New Finishing Method—
x
and
States.
Y>( has been ap.
Using a compound of "Ceglin" cellulose ethers and rubber latex as
backing composition for pile fabrics, this corporation has developed
a new method of finishing such materials so that they are rendered
more resistant to ageing and laundering.
The process is covered by
-
^
a
Co.
&
"
"
'
was
which
now
includes
canning of lemon juice, grapiKruft
products. Company maintains a research, depart*
constantly experimented to improve the quality. off
its products.
Company is one of the largest citrus fruit juice canners
in California and its products are distributed
throughout the United
a
i\ V
• •
_■/,
' v,
Drug CO.—Debentures .Offered—rEastman,
_
Ray
now conducts was begun on a commercial basis
acquired by the company on July 1,
1937. L-The
originally consisted of canning orange juice has been
company
and
expended until it
juice and preserve
ment
bentures, due July 1, 19b6.—V. 164, p. 870.
.
,
Bank Farmers Trust Co>( New Yorki N<
°* $25'000'000 2%%
$36,497
•
'
iK: J;1
ci{y
...84,87?
^
Nelfc.
are deposited in escrow with the proper state regulatory
Of the remaining 559,000 shares 300,000 shares were issued to
body.
the
1933
bubsiness
Hydraulic
$147
.,7,467
.
which
in
•
(The) Superior Oil Co. (Calif.)—Trustee & Registrar
$117iifi
7,110
•
applied
Outstanding
Machinery, Inc., for assets, contracts, and inventory; and
259,000 shares were issued to' individual subscribers' for cash at par,
V
deductions
issued for
shares,
>
2,000,000 shs.
* 1,149,000 shs.
patents; engineering and de-
par)
291,000
-326,696
.
.,1,107
income
.
$1,655,406
1,178,905
388,822
which
velopment,
Ana
0
-
^
«of
,
($1
stock
Common
i»w
$2,059,627
4,522,717
>
1,480,869
407,718
193,718-
'
I
income
.
,o
counts, etc._^
Other
194*
'
—
Cost of
goods sold—rf4Bales, ,gen. & adm. exp.
Dec- 3^7T.
—Years
■
Feb.-28, 46.
&
BUSINESS—Company (a California corporation) .1$
primarily in the business of selling pure citrus juices and
products canned and packed by the company.
The business
engaged
$4
the
J.
of
shares
privilege
$4r convertible
b
■
coni
amount
200 000
have
new
of
«v
yolumir 164
Number 4517
THE COMMERCIAL & FINANCIAL CHRONICLE
^referred -'and-common" stock
on
the: basis of 1% shares of
preferred and 1% shares of common stock for each share of old
preferred. The new preferred will be convertible at
any time, at
loption
of
abling
a
plan
the
holder
holder
and
Grant
A.
stock.
7%
the
The
"It
of
prefered
the
stock
7%
of
the
Ihe company
participated.
plan
and give
stock
The
plan
and
common
greatly
will
improve
the stockholders
company's future earnings."
Mr. McClatchie pointed out that
offers
dividend
accumulations
-company amounted to
the end of June.
"The elimination
xhe
correction
is
pany
•said
Mr.
of
classes
can
Int.
classes
new
structure
stock
preferred
to
dividend
these
stock
off
pay
be paid
are
currently
of
accumulations
being
accumulations,
long
so
as
capital
a
shares
to
of
124,858
be
7%
paid
while the
cumulative preferred
shares
of
off,
stock
common
27,622
2,573
i—-
4,394
-
income
1.705
,
.
$570,873
and
earned,
127,658
Prov,
for
income
6,178
2,736
66,209
has
company
stock
outstanding
7,218
69,902
that
$613,262
$603,911
598,000
538,000
divs.
t$86,390
/"S■:'/■-■•'■
stock
mon
(2,485,543 shares
262; total,
■
hew
$4^ convertible; preferred stock
the 7% preferred stock and
over
.subordinate to
1,198
shares
the
$6
prior preferred
outstanding.
Upon
be
will
preferred
stock
common
stock,
of
consummation
which
but
there
as
$24,562,752.—V.
par),
no
164,
some
plan—assuming
is exchanged—there will be out¬
preferred stock without par value,
sheet at $100 per share; 63,000 shares of $4
•convertible preferred stock without par
value, carried on the balance
.-sheet at $50 per
share, and 187,585 shares of common stock without
par
value, carried on the balance sheet at $1 per share. Of the
500,000 shares of common stock authorized, 189,000 shares would
•that
all
of
the
7%
preferred
standing 1,198 shares
-tarried
.be
the
on
reserved
of
$6
stock
prior
balance
for
conversion
323,142 shares available
of
for
the
$4
convertible
preferred
grommets
of
each
class
of
leaving
fir
authorizing
Company, reports for the
solidated
net
profit of
Contingent
At
their
six
months
ended
June
30,
$1,030,960 after charges and
con¬
tial
at
"Operating profit
Canadian
corporation
$2,474,062
260,113
subsidiaries,
Algoma Plywood
and
Co., own manufacturing plants at
C., respectively, where a substan¬
sales requirements of hardwood ply¬
.
hardwood
plywood
and
at its own plant in Woodstock, Ont., and lumber at its own
plant in Haliburton, Ont.
Company owns 51% of the common capital
stock of Siuslaw Forest Products,
Inc., and 50%
of its non-voting
preferred stock; Siuslaw Forest Products,' Inc. owns timberlands and
a
saw-mill and a lumber manufacturing plant, all located
Lane
County,' Ore.
Company's recently acquired wholly-owned
subsidiary, Seattle Export Lumber Co., owns a saw-mill and lumber
manufacturing plant"located'at Seattle, Wash.," and also owns 35%
the capital stock of Kosmos Timber
Co.,
timber located in Lewis County, Wash.
equipment
$2,213,949
41,599
of
the
combined
$2,166,080
capital
stock
ownership
aggregates 90%
32,317
for
of
of
said
the company
and
Timber
owns
Co.,
so
Int.
income
RFC
on
$1,841,200
loans, etc.
Int..
on
stockholders
notes pay.. deferred)_
Int. 'on mtge. bonds—
Profit
directly
that the
expanded
wholly-owned subsidiary
stock of said Kosmos Tim¬
sold,
2,505
5,010
5,010
3%
199,292
198,078
202,883
11,895
6,320
7,587
3%%
Crl8,584
L
f
iary
668,000
1,275,440
1,446,500
1,037,350
($100
A
Preferred
Common
income (est.)
'
companies '
3,896
4,651
$476,750
$521,408
CONSOLIDATED BALANCE SHEET,
JUNE 30,
*An
stock
reserve
36,139
($1
Company
sidiary,
$789,208
United
gregate
lower
of
cost
or
market),
$1,173,612;
funds
is
$550,000
to
,
60,000 shs.
Gross
by Recon¬
Finance Corporation
for payment
of property taxes
(see
$18,250; funds held by Reconstruction Finance Corporation
proposed plant additions and repairs, $63,779; sinking fund assets
(Queen Dyeing Co. 5% first mortgage sinking fund registered bonds—
;payment due trustee on July 1, 1947—see contra), $82,173; land, build¬
ing, equipment, etc.
(after reserve for depreciation of $5,231,812),
63,032,817; copper rollers (after allowance for shrinkage), $384,333;
in
*A
patents
and
trade
marks,
$1;
sales, less disc
Cost of sales and exp—
In
payable,
$546,849;
notes
payable,
$45,730;
Net
payrolls, $204,560; Federal and State taxes other than income
$104,933; miscellaneous accrued expenses,
$24,111;
property
(see contra),
$39,739; reserves for State income and
Federal income and excess profits taxes (after
deducting United States
Treasury Savings Notes Series "C" of, .$1,347,440), $520,327; bond
shares
and
for
July
1,
1946
,,
Reconstruction
Finance
Reconstruction
Corporation
Finance
March
Corporation
1,
(not
1947,
$252,791;
loan
current).
$188,159; 5%
lirst mortgage sinking fund registered bonds of
Queen Dyeing Co. due
Feb. 1,
1955, $191,700; notes payable to stockholders of the United
.'States Finishing. Co.
(plus Interest accrued thereon at 6% per an¬
num
amounting to $60,955)^ $144,455; 7% cumulative preferred stock
•«f
Queen Dyeing Co. (plus accrued dividends of $11,466), $24,066;
-minority Interest In common stock and surplus of subsidiary (Hartsville
:Print and Dye Works, Inc.), $24,376; $6 prior
preferred stock (1,198
rchares
of
no
par
value), $119,800; 7%
cumulative preferred
(par
Walue $100 per share), $3,600,000;
common
stock
of no
par
value
*(issued, 124,858 shares), $4,161,933; consolidated deficit, $3,200,071;
$2,641,719
$3,034,856
$5,137,270
'_■-•
^$3,897,938
141,956
for
25,314
taxes
47,917
1,858,998
62,255'
2,148,233
$757,407
—
•,
4,015,314
2,650,030
$878,742
$1,215,995
$1,497,936
the
of
company.
the capital
trolling
Company recently
stock
of
Seattle
expended
for
Export Lumber
the
acquisition
Co.,
^
•
No. of
& International
Securities Corp.—He-*
Eastman,
Lehman
Dillon
&
Shares
Co.— 15,600
Brothers
The corporation Announces that under the tender'- offer made to its
J$5 first preferred stockholders of record July 18, 1946, it had retired
39,200 shares of the issue at a total cost of $3,920,000. Giving effect
Smith,
to
this, the outstanding number of $5 first preferred shares has been
reduced to. 200,000.
-
,
,
.
.
Quarterly Report—
Oq June 30, 1946 the net assets of the corporation had an indicated
on market quotations, of approximately $43,499,204. Since
is impracticable to
jnay
be
incurred
in
determine the Federal income
any
future
Beane
Barney
realization
of
the
tax
liability which
long-term capital
—
Noyes & Co.
Rollins 8c Sons
__
Company
Riter
4,800
Witter &
Co.
3,600
—2,700
Weeks
Co.
2.700
2,700
Co.
120,000
1,800
Jaffray & Hopwood
' :
,
—V. 164, p. 598.
changed
and
reclassified
by
articles of incorporation
on
or
before-
subsequent
amendment of the
300,000 shares of common
into
par), and warrants for the purchase of 20,000 shares of
stock ($1 par), on the basis of 30 shares of common stock,
($1
stock now constitute a portion
common
Gross sales, less returns &
% Cost of goods sold
of this authorized
from
Loss
Loss
from
Selling,
Total
f
allowances.————
—
:
"
operations
&
—-
2,100,078——
—
operations
shipping
30; 1949
,
^2,624
221,087
—
administrative expenses
—.
loss
.
Other income
——
——
-
$273,711
88,669
;
lossi.--.^--,,-!—
Other' income, deductions
—v:
,//
164,
55.
p.
Z99>33T
——-
Net loss for period-——-——
—
$484,375
—
:
,
States Radiator
United
1,500,000 shares
.;
-
--
Corp.—Over 53% of Deben¬
tures Extended—
; As
of
the
to
a special meeting on
Aug* 9 approved proposals
shares of new cumulative preferred stock, $100
par, and an increase in authorized common stock from
to 2,000,000
par each.
Gross
close
of
business
debentures, which matured
Approved—Common Increased—
shares, $1
time;
any
EARNINGS FOR EIGHT MONTHS ENDED APRIL
1,800
Piper,
•
The stockholders at
authorizing
at
2,700
Kebbon, McCormick & Co.
:
3,600
3,600
&
Dean
4,800
Corp.
8c^
California
Hornblower 8s
4,800
& Co.
Securities
New Preferred
•Value, based
It
E. H.
First
Lynch, Pierce, Fen-
Fenner &
Union
Shields
4,800
Hemphill,
\
authorized but
of $10 per share
1949.
No. of
Shares
Merrill
dilution^
exercise of warrants.
in the aggregate 20,000
unissued common stock, at
for
purchase
UNDERWRITERr—Dean Witter & Co., Los Angeles.
warehouse units.
''
States
reserved
to
$400,000; working capital of the company, $33,825.
all
UNDERWRITERS—The names of the several underwriters • and
the
of shares underwritten
by them respectively are as follows:
-|ires 39,200 shares of Preferred Stock—
are
light
company's
price
against
conversion v privilege
the
proceeds are estimated to be $2,133,825. Company
expects to apply such net proceeds approximately ^as follows:
Retirement of long term bank loans, $950,000; retirement of short
term bank loans,
$750,000; purchase of machinery and equipment,
numbers
.
for issuance upon con¬
of shares so reserved
time to time in certain
number
from
PURPOSE—Net
stock
new
--
:*380,000shs.
but unissued commoa stock.
company
development and for the erection of
the
The
adjustment
shares
holder
cash
-J
30,000 shs.
con¬
of Kosmos Timber
Co., $1,978,441.
Expenditures by
and its subsidiaries for capital purposes,
distributed
among a large number of items, totaled during the fiscal
year ending
April 30,: 1946, the sum of $1,966,738.
The company contemplates a
continuance of capital expenditures for
additions, replacements and
improvements to plants and facilities for the manufacture of its
present products and of new products which are in the course of
the
ttotal, $7,079,625.—V. 151, p. 2960.
United
of
and for the
stock.
to
protect
20,000
the
a
14,300
136,820
30,000 shs.
par)
120,000 shares is reserved
preferred
to
as
shares of
PURPOSE—It is estimated that the net proceeds will be
$5,978,776.
this
amount
approximately $2,458,310 will be used to redeem
shares
of
cumulative
preferred
stock, Series A,
and
9,412
shares of cumulative preferred
stock, Series B, now outstanding at
prices of $106 and $105.50 per share,' respectively,
together, in each
case, with unpaid dividends accrued to Oct. 1,
1946.
The balance of the net proceeds will be added
to the cash funds of
13,824
,
of
Outstanding
,$37,100 ^
' v
30,240
136,820
($1 par) and warrants for the purchase of 2 shares of such for each
outstanding share of common stock, ($100 par). By the same amend¬
ment
the
41/2%
cumulative convertible preferred
stock ($50 par),
was
created and
authorized, and 300,000 shares of common stock,
($1 par)
(in addition to the 300,000 shares of common stock issued
upon the reclassification)
were created and authorized.
The 80,000
$4,210,221
'
$63,000
600,000shs.
($50
company's
stock
312,283
on
renegotiation.
profit
$5,279,226
7,881.4
Authorized
.
NOTE—Company's authorized capital stock, comprising 10,000 shares
(par $100) as of April 30, 1946, all of which were outstanding, has
r
interest
/from
$2,927,284
107,572
.
—'
pfd.
subject
the
of
30
Of
accrued
accrued, due Aug.' 1, 1946 on 5% first mortgage sinking
registered bonds of Queen Dyeing Co.), $3,994; sinking fund
due trustee July 1, 1947 (see
contra), $82,173; payment due
9,755
income
income
taxes,
lund
$2,631,964
charges
Provision
total,
payment
so
give
common
Total
■Other
•accrued
taxes
profit
is
1945
APRIL
1944
'
ik:
—■n*-—
payable
the
addition
They
$19,069,370 $20,563,091 $29,375,924 $27,083,286
16,437,406
17,635,807
24,238,654
23,185,348
income
of
events
been
Gross
Other
-$7,079,625.
LIABILITIES—Accounts
<
TO PRESENT FINANCING
Stockist par).
and
varies
of certain 3%
debentures of its sub¬
Plywood of Canada, Ltd.; these debentures ag¬
payable $50,000 in March of each year
note
maximum
version
Treasury.
guarantor
ENDED
conv.
*699,864
held
are
1952, inclusive, and $250,000 in March of 1953.
lor
$104,405;
capacity and to modern¬
pre-war
stockholders
cumulative
Common
(Canadian)
1943
held
stock
payable' to
4j/2%
None
2,000,000 shs.
common
contract
Notes
60,000 shs.
deed
Land
stock,
EARNINGS—YEARS
struction
charges,
continuously since 1928 and at the
of expansion and improvement
program
CAPITALIZATION GIVING BF^ECJ
Trust
$525,000
105,900 4 i
•contra),
•deferred
a
,,
1
par)
shares of
'
Outstanding
.
60,000 shs.
States
1946
$1,074,771;
accounts
and
notes
receivable
(after
for claims and adjustments of
$87,931), $1,145,485; inventories
the
installments; of
classified)
(not
stock
ASSETS—Cash,
-(at
Authorized.
par)
additional 900
The
24,891
$1,030,960
$4
(less
on
'
JPrior charges of subsid-
facilities
commenced
PRESENT FINANCING
.
one year)
certain properties
cumulative
preferred
Series
Prov. for State and Fed.
on
EFFECT TO
.
notes payable
Mortgages
15,837
prop.
scrap, or dismtd.
taxes
GIVING
$150,000 due within
.
production
war
,.
CAPITALIZATION
5,310
5,647
_
"97,975
on
$2,198,398
70,255
-45,213
its
close of the
designed to increase considerably its
ize. its equipment and facilities,
Title of Class
—„
loss
or
$2,255,548
'
/"(payment deferred)
:Depreciation
$2,015,799
49,551
25,969
>
...v.
intends to continue and develop the business in which
it is presently engaged in order fca meet. the inoxeased demands el
the automotive industry for assembly: on the Pacific ; Coast, and te ;
expand its participation in the farm tool business.
Company has
its
of the outstanding capital
as
The company
ber Co.
Total
and trailers and for replacement purposes on
and trailers.* In addition, it manufactures farm
original equipment for implement manufacturers and
replacement), metal
highway
safety
guards,
and
road-center
trucks
(both
dividers.
■
-
■
Company
Kosmos
trucks
for
automobiles,
tools
the owner of timberlands
and
,
automobiles. It also manufactures leaf springs and bumpers as original
.
of
Aug. 6 offered 30,000 shares 4%%
preferred stock at par ($50)
on
convertible
HISTORY &-BUSINESS—Company conducts a business' of manufac¬
turing and selling automobile leaf springs, bumpers, and buffer plates
(fender guards) primarily for use as original equipment for passenger
lumber
$2,416,028
249,948
,
preferred stock is convertible into common stock atHhe rate
of 1 share of preferred into 4 shares of common for the five years
commencing,July 1, 1946, into 3Va shares for the next five years and
into 3 shares for the following five years.
Dividends cumulative fro»
June 1, 1946 and payable Sept. 1, 1946 and quarterly thereafter.
Re¬
deemable at any time on 30 days notice at $52.50 per share for tb«
five years commencing July 1, 1946, $52 per share for the next live
years, $51.50 per share for the next five years, $51 per share for tba
next five years, $50.50 per share for the next five years and at ps*
thereafter,-together with accrued dividends,
•'
<
;
Registrar—Farmers & Merchants National Bank of Los Angeles.
Transfer Agent—Citizens National. Trust &
Savings Bank of La*
Angeles,
'
S.
manufactures
,
The
Tekwood, Inc., another subsidiary, owns a
H., and is engaged principally in the manu¬
which
is
$10''per ■•■ share^;f
subsidiary, United States Plywood of Canada, Ltd., owns
the
outstanding capital stock of Hay & Co., Ltd., another
of
all
structure
share. and 80,000 shares common stock. ($1 par) at
per
a
patented, low-cost panel combination
of
cylinder kraft paper.
Company's wholly-owned
and
,
floors.
new
cumulative
"Tekwood,"
veneer
the
Dean Witter & Co.
Veneer
company's
•
will contain 15,000 square feet «*
150 feet and
100 x
three
on
„
timber,
236,857
$1,972,225
43,574
the
u.
United States Spring & Bumper Co.—^Stocks Offered.—
Douglas
Canadian
—Year Ended Dec. 31,—
,
i
1945
1944
1943 o?
$2,209,082
$1,813,795
27,405
«Other income
of
of
hardwood
55%
v^: Oper. prf. bef. depre.
of
also
wholly-owned
Orangeburg,
Lakeport, N.
in
$1,935,985
122,190
Its
Hamilton
and
manufactured.
facture
6 Mos. End.
•Taxes (other than Fed.)
portion
is
,
o
and
Wis.,
plant
CONSOLIDATED PROFIT AND LOSS
Unaudited
sale
plywood,
located.
Co.
wood
interest to $153,105 and to redeem the
preferred stock of its subsidiary,
(Queen Dyeing Co., amounting with accrued dividends on
July 1, 1946,
rato $24,066.
"
30, '46
and
cutting plant
are
Veneer
Algoma,
^•outstanding 1,198 shares of $6 prior preferred stock at $100 per
share plus accrued dividends
which amounted on July
1, 1946, to
:a
total of $162,428; to
discharge stockholders* notes amounting with
June
veneer
trans¬
.
manufacture
is
and
be
expected to take from 12,.to 18
months, depending on the delivery and availability of critical buildte*
materials.—VV 164, p. 598.
'
^
The company owns a manufacturing plant located in Seattle, Wash.,
where Douglas fir plywood and allied products are manufactured, and
'/business conditions, the management
expects to pay off in the current
year, or early
in 1947, the $300,000 balance of a Reconstruction
Finance Corporation loan which was
originally $1,935,000. The com¬
pany also expects, subject to the same contingencies, to redeem its
.
products
hardwood
Its
of
Work
was
plywood, hardwood plywood, molded plywood, fabricated
fabricated metal-covered
plywood, and other lami¬
related
will
company on AUg. 12 announced plans for the erection of'ri.
$1,500,000 mill room building to service its Naugatuck, Coon,
footwear plant.
Construction of the three-story steel and brick build¬
ing will start as soon as preliminary engineering work is completed.
located at Mapleton, Ore.
It also owns a
plant at New Rochelle, N. Y., where it manufactures materials of
"honeycomb" construction, and at which its laboratories and research
plan becoming effective, earnings continuing
indicated rates and the existence of favorable
presently
the
articles
Footwear Plant Expands—
.
a
income.
on
in
these
of
The
engaged in the purchase and
Douglas fir and other softwood plywood,
sheet and laminated products and
glue.
of
staff
1946,-a
taxes
engaged
fabrication
modern
parts,
and
related
.
the
upon
(softwood)
nated
sale
is
company
ail-plane
stock
outstanding, and consummation
•of
the
plan is also dependent upon deposit for exchange on or
.Before Sept. 30, 1946, of at least
90%
of the 7%
preferred .stock
•outstanding. Directors may, however, extend the time and also may
:reduce the amount of shares
required to be deposited to make the
3>lan effective. Holders of the 7% preferred stock who
approve the
plan should deposit their shares with the Chase National Bank
of
vthe City, of New.
York, 11 Broad St., New York, N. Y.
i
BUSINESS—Corporation
-The
The bulk of
V
Other products to be made in Fort Wayne include rubber-bonded
grinding wheels, industrial adhesives, rubber-covered rolls and rubberlined tanks and pipes.
These articles are currently made in Passaic,
N. J., Providence, R. I., and Detroit.' Another important product will
be vibration
absorption mountings for radios, railroad cars, stxfijft
cars, aircraft; farm implements, household appliances, industrial m»«~
chinery, elevators and air conditioning equipment.
"
$24,855; operating surplus, $15,-
,
The
and
seals.
to Fort Wayne from the company's Detroit plant.
facilities in the motor capital will be devoted to tires.
organized in New York
May 6, 1937, by the consolidation of United States Plywood Co., Inc.
(N.
Y.)t United States Plywood Co. of Del., and Aircraft Plywood
Corp. (Wash.).
v."
,/...
requires a tworthirds vote
approval
and
steering
ferred
each
HISTORY AND
lubber products required by in¬
of
The company makes
products, Including engine mountings for
wheels, rubber window stripping, gaskets,,
truck
and
auto
vibration,
It will measure
subsequent issuance.
Creation of the new issue of convertible
preferred
the increase in the amount of
common stock
•of
increased production
share and accrued dividends.
be
only
the
of
200
reducing
598.
p.
for
Wayne will specialize In the manufacture of automobile rubber
United States Plywood Corp.-—Preferred Stock Offeted
—Eastman, Dillon & Co. headed a group of underwriters
which on Aug. 14 offered to the
public a new issue of
60,000 shares (par $100) of 3%% cumulative preferred
stock, series A.
The stock was offered at $102.75 per
to
will
are
,
parts other than tires and tubes, Mr. Smith said.
<!:
JUNE 30, 1946
/
The
•dividends
-
.
Fort
LIABILITIES—Reserve for taxes, etc., $4,650; $5 first preferred
(239,200 shares no par), $23,920,000; $5 second preferred stock
(100,000 shares no par), $500,000; special reserve (set up out of amount
paid in cash by subscribers to second preferred stock), $97,985; com¬
1,198 shares of $6 prior preferred stock carried at
is designed to correct this condition."
v,
598.
p.
Smith, President of United States Rubber Co., announced
equipment will be moved to the site as soon as possible to meet
need
dustry.
t$728,149
stock
36,000
164,
400,000 feet.
36,000
ASSETS—Cash, $1,751,429; receivable for securities sold, $906; divi¬
dends
receivable, etc., $109,419; securities, at cost (indicated value
approximately $41,642,100), $22,700,998; total, $24,562,752.
is
working capital.—V,
company on
28,000
27,500
BALANCE SHEET,
at $3,600,000, and
$4,161,933, as well as
$199,800. The plan
at
t$615,030
'
at
of
Herbert E.
tax
preferred
the
of
stock,
shares
plant
68,988
fLoss.
carried
carried
4,289,663
Federal
profit
First
there
There
exists.
607,673
the
and
to
23,236
rubber
$674,633
t$16,789
6,192/
$700,355
79,091
est.
added
the
Aug. i announced the purchase of a governmentin Fort Wayne, Ind., for the production of industrial
products.
The purchase price was $2,100,000.
': The plant, built in 1941 by the Reconsturction Finance Corp. for
the Studebaker Aviation Corp., was used during the war for the manor
facture of
aircraft engine
gears.The floor space,
includnig both
manufacturing
ahd. administrative 4 departments, totals more than.
The
1,296
•
$590,884
Crl70,270
$698,531
w/w
expenses
the
dividends
no
deficit
be
proceeds
preferred
new
United States Rubber Co.—Buys Gov't Plant—
43,614
1,308.
$530,085
Cap; stk. & other taxes
likelihood for several
years of converting this deficit into a surplus
operating profits sufficient to permit $4,075,128 of accumulated
»o
6,695
estimated
the
redeem
1943
$629,723
accrd.
.
Net profit
.-from
•dividends
and
1944
$561,954
of
to
will
1945
Net realized loss in in v.
of
Net
reduction of
or
•
$521,685
deficit of $3,844,100 existed
a
of
aggregated $598,000.
$563,906
—
management
of
distribution
used
built
Total
1, 1946, the aggregate
various
$4,075,128, while
funds
lawfully
received
.Other Incomes
of
the
of
insufficient
•all
Cash divs. received
opportunity to share in the
of July
as
the
on
The
capital
further
a
dividends
1946
the
present unwieldy capital structure of the com¬
necessary if dividends are to be placed on a current basis,"
McClatchie. "While the dividend requirements on the two
•existing
are
an
stock.
the
These
on
of
holders
to
made.
was
the
proposed public sale of eO^OO1
approximately $2,458,310 will be.
cumulative preferred stock now
outstanding at the redemption price of $106 per share for the, 13,824
shares of series A, and $105.50 for the 9,412- shares of series B of ?
such cumulative
preferred stock.
The balance of the net proceed*
first preferred stock was
INCOME ACCOUNT, SIX MONTHS ENDED JUNE 30
r
'
revision
a
on
Other
-
tunpaid
$1.75 per share
company
preferred
that
en¬
stockholders
to
that
From
shares
75; cents per-share on the
March 30, and on June 28
seven
preferred.
letter
a
apparent
total
a
provision for such tax has been
dividend of
distributed
would be advantageous to all classes
being submitted is the product of extended nego¬
representatives
of
7%
preferred
and
common
plan
convertible
Believes
A
no
made.
the
stcok,, thus
exchanges under
who
privilege to obtain
in
7%
the
common
preferred stock the opportunity to exchange their shares for
.$4
.41
of
share of old
President,
long been
has
tiations
in
which
stockholders have actively
*1%
shares
conversion
McClatchie,
12, states:
capital structure
three
stock for each
common
-Aug.
<)f
old
of
exercises
.shares of
into
profits included in this calculation,
new
997
extend
of
for
a
Aug.
12,
holders
of
of 5
$940,000
,*
Aug. 1, accepted the corporation s offer
period of three years at the same rate
Wesley J. Peoples, Chairman of the Board, announced on
represented 53.6% of the $1,755,000 debentures out¬
the: maturity date.
'■■'•■■■
/
*
peoples stated that $567,599 of the debentures of 32.3 & oft
13.
standing
Mr.
bonds
on
interest,
Aug.
their
on
This
on
•
„
*,
A
WtlMl l.l III
////ffivllftll I '■
1 THE COMMERCIAL & FINANCIAL CHRONICLE
1^ beeA^paid bff;:in fuli; of ^rincipal and i^^rest.
:
Mo
'
f/»llc
Marcus
sales
<4-i' '
,
-T
*''"ii
A iii»ol fniir
J,
■•
United
»^1K aav\
aa
has
Aurelius
the
of
July
pany on
15,
subsidiaries for
been
and
commercial./forgings
charge of
succeeding
with
ten
;
manager
*2
•
The.
"
warehouses
over,
operating
Chicago,
m
Baltimore,
.-this .pipe, manuiacturing .
subsidiary to
has Just been elected President of the
company.-
,$ew yic^residfht—t
j
I
Wi'lby
: Arthur C.
Steel .Corp.
on
E.
Goble,
P.
plant.
President/ announced
associated: with United States
'«
j»*
^
>
^
•
.
New
r
•
J.
of
and
International
as
Corp. to Be
and
of
."Universal
pany will produce pictures of
planned to produce 25. of. ..these
top ^pictures. The
formerly.: made ,by; Universal, such as Westerns,
bracket'pictured will "be completely eliminated. „ ,
v
This
announcement
made
by
serials
and
low
The
-
Matthew
f
versal,
,V/a%
the
United
Kingdom
where
is
and
with
In
the
-products
!
remainder
-
will- be
-
of
It
is
the
interests
sition
intention
of
General
Rank
the
in
over
for
The
$6
It
SEC
plus
-
held
of
Ltd.,
will
of
States
dis-
and
>«'
- -
;
the-combined
>
to -add
the world
group
throughout
the
and
distribution
Latin
America
of
number of
a
will
Rank
continued.
be
films
The
Month of May
in
Rank
V
the
Depreciation
Amort,
i.--,
for
lot;
Special
price
1945
r
$3,226,500
of
be
trustees
account
Gross
from
to
be
record
retired
holders
20,698
2,273
181,561
charges
•
•
The
•
split
$1,205,107
Dr5,163
•
•*'.»
allowance
for
amort.'
inc.
of
ion Aug. 5 filed
($100
*■' V
outside the
Total
1946
<
—V.
•
taxes
(prior
period—$8,661,042)
Net; operating
.Other Income
—
2,314,132
to-the
(shown
at
Selling admin,
Interest paid
usual
inc.
in
opposite)
excess
prior
from
$i,504,351
in
from
in
of
of
tp-xes,
and
stock
are
(2)
equivalent
;
.With
the
-
-
,
on
for
Allen
1
>Cash
new
1
-
-
of
the
to
rate
commence
of
$1.50
non-
each
dividend
.J''1"
'
K
^
;
.s
,
r
tion
the
announced
Smith
joined
knitting
for-the
"We
and expenses
on
redemption of
by
Eugene
Federal
income
representing- pro rata,
transportation property in 1944 "which1
I. A i.'Jtii'i.i
I i t j
units
100,358
148,750'
24,759
12~550
1,501,111
———.————#-*———w_
amortization
—I
549,821
192,301
63,329
807,362
70,863
$7,042,335
$7,362,284
$1,583,909
$2,500,000
2,001,831
507,360
171,025
goodwill
J——
^^
~
1
,
.
-
.
payable—"V" loan_T
——
.-i---accruals & reserve for. reneg.
on
inc.—est!., less U. S. Treasury
Tax Notes of $301,949 at May 31, 1946
Fed,
Taxes
payable on props, acquired, less $22,500
payable within one' year, incl. in curr. liabs,
113,125
Res. for post-war reconversion of plants—i--- ; '
-?5% "CUittuJcdnv. preferred stfc-. .par); 2,500,000
/Common stock ($2 par)
—w
800,000,
-"Capital- surplus
'
" • 137,543
Earned
surplus———
i
—
1,400,397
.
of
J.
Dan
Buck
to
General
Sales
.
w
through the
;
*
wars
,
:
!
!.i
NOTE—All
'located
outstanding
capital
: *7,042,336$7,362,284
stock of Southern Fabricators. Im*
.
At
Laurel, Mississippi, was acquired as of May 29, i94$.-4-V»
163, p. 2055.
'
'
'
V-Vrv/.
Co.-—Earnings—
,i^l^fodttng?:Vholly^wned--4!omestie:'$ubsidiar!e8><'.'''':--'
:
^
•
*.
r
.
;
from
$4,647,973
•110,691
i,
r''*,
">,
-
"
'a-"
/ Profit), from,
,
income
2,115,173
Manager
out
more
than
226,467
for-our
government," Mr. Hynes said. "We are now ready
battle of-production and competition;
We are ready with
from
i
domestic us*#**
$2,217,104
4,546,564
■■
■
>,&•. f»ti"
....
4,317,405
(net)
665,405
262,638
228,132
vi;
•
$2,779,553
$1,546,23/2
143,428
■
foreign subs.
Prof, before
i
•,, ■
prov;
loir
v
$4,164,663
1,002,079
-a
i.
^
$3,025,937
income- -taxes—ixt—
Fed -
inc.
and
'.excess
profits taxes—
•Special
i.-.,
542,119
254,063
■
1,016.950
wmw
Consol.
vK
net profit
per
com.
share-
vv
:
$1.02
!
W ;>
$4,965,726
/'.iij'.'-h
1,300,912
431,000
1,802,000
Cr820,625
w.
$2,006,987
:<
.
$4,035,696
■■
.
J
258,944
-
-•
$2,037,003
1;::.
items-:—-----
Earns,
J
326,195
<
'
•
Divs.
Prov, ,for
5,500,-
$8,808,263?
£
1
operations
Other
""--f
1946—6 Mos.-*-1945
$7,552,585
$3,822,626
161,220
2,320,178
operations
Depreciation , ------Sell., gen. and adm, exp.
.
J
1946—3 Mos;r-i-1945
Period End. June 30—
Profit
;
"
r"
and turned
? 137^43
1,751,884
.
—.—
-
Hynes,.-Chairman -of the.,board,
-Mr.
1928 as Superintendent of underwear
Assistant General Sales Manager/ '
-• .-i
200,()0O
600~000
.
Buck has' been
past two years,
to take vn .a
"A"
subsidiary—Note
551,713
111,618
:
Accounts payable,
Wilson Brothers in
come
1,252,537
life -insurance
'
promotion
mills. J Dan
have
of
LIABILITIES—. '
Brothers, Chicago-^Officials Promoted—
and
27,394
—
i
.—Z
Total
the.promi.se of increased production and--keen competition fin
wear
trade, this, company Js launching the/,greatest ad- "
and..selling campaign in its history, it. is.announced. .-ElecRichard Smith as Vice-President in
charge of knit goods man-;;/
of
in
carry-back provs.
Code
Notes,
Proceeds will be used for working
,A
225,794
Deferred charges
jhotificaUoh^with 'the
preferredi and -1,340, shares .(no par)
$105,.a unit,.»consisting- of .one. share; of
:/
termination
value
102,589
1,280,512
1,910,669
1,256,771
Mort.
par)
^
reserves^
Revenue
depreciation &
Inc., New York—Files With SEC—
rfV
$2,783,204
77,374
——
taxes under
Fed.
assets
Purchased
157,
V
common.
180,000
,
deposit
on
contract
Patents
-
-
letter of
120-000
Property, plant; & equipment, less reserves for
pay¬
annually.—V.
Underwriter,: Kuhn, Loeb & Go. <-The debentures will vbe
publio while the common stock rwill be offered .for
a-
$510,497
,
Aug. 31,'45
surrender
Other
Corp.—-Register^, With BEC--
-
$198,573
53,124
-
?
•
•: •
for
-Investment
>
'■ '
Crl65,470
Cr200,000
H
Internal
Cash
to $1.40 annually
the intention of the direc¬
It is
effective,
I ,1,654,520
1——•?
Inventories -.U.J
£
•
94,680
j
.—,
*_•—
receivable less
Refundable
to
of
for
shares
common
'
.
)
excess
dividends
hand and
on
Claims
$2
par
J
Crl39,400
..
...
j
dividends
^Accounts
v-
7% $20 par pre¬
stock for each share
no
55,202
90,000
58,230
25,835
5,484
—
CONSOLIDATED BALANCE SHEET
new
new
918,584
-
ASSETS—
i
-
&
approved proposals
the plan, holders
four
4
'*
1946.
■
resulting reduction in
sale of
'
of
15*88M56
I
J—
'
.
$1,994,25.1, in-priori-'.period,
book loss
'
■*
78,024
-:
1^—•■■.f
6,269,740
,808,216
22,792
exps.-
profits tax
Reserve for post-war reconversion
' ',/•-/./
'.;■>■& '/•
; Net profit
:
men's
;, was
period—$2,380,380), representing pro-rata
to
p
ufacture
of. premiums
refund
Preferred
Under
common
new
three
at
"'ttK-'-
Not underwritten.
emergency
requirements
(prior
V
/
•
$7,049,470 $19,046,870
-
tax—/-.*
profits
Post-war
yertising
.
000
amount of
30,
becomes
A
shares,-($100
Wilson
of .transportation propbook loss in 1944^„_.T,
of those portions
which
have
receive
-
The.-company-on Aug. 7: filed
Vi'i
,
sale
♦Of- (1) ;$1,207,413
amount
of
and
June
plan
Wheeler <W. II.)
capital.
emergency facilities
theJ~accounts" since
amortization
dividend
bonds
sold
•,
stocks.
will
1
•
.
depre¬
and .excluding. Jn prior period the
pro rata amount of tax reduction
excess
Preferred
shares
common.
Offering ;price,
preferred and one share of
which
of
such facilities-are expected
to be employed
throughout their normal life and not to replace existing - facilieies^r;r^v_i—
Earnings before giving effect to tax reductions
.resulting
Excess
company bri Aug. |4.filed a registration statement with .the SEC
$30,000,000 of debentures, due 1971-, and 1,647,037 shares $12.50
for..,l«34o
'■">
facilities
being
are
gen.
Marketable securities
meetings
common
shares
v
and
Amortization of good will
(Wm.)
rates, allowable for tax pur¬
not -recognized
resulting
shaies
•; :
capital.—V. 164, p. 56.
/
35,406
——
Miscellaneous expenses ——i
Normal income tax and surtax,--
-i
*
4,374,631
taxes
m* 1945
$7,014,064 $18,968,845
—
Provision for post-war. recon. of plants
•^Research engineering exp.
the BEG
■
charges, in-
$1,504,351
deductions,' -in
amortization of
as
Fed.
special
amounts
ciation
poses
■but
in
offset by
1946,?
-
—
Cost of products sold
or
preferred
held, a Unsubscribed
shares
will
be
sold
to
underwriters.I, Proceeds will be used to finance part of the company's
plant expansion and rearrangement program for increased working
$8,035,379t$10,930,121
-reductions
j
...
.
income
•
common
.
not
from
result
.
v
—
income
-
t
holders of ..outstanding 'preferred rstocki and.? common
-.stock >o£; record Sept. .l.0.:in ratio, of-.vys-sharei for', eachjshare of
2,954,250
1,207,413
in-addition
period
A
4
:T;";'v?
Par), common.
—$11,556,924 $18,259,001
amortization-
are
-clude,
'*
preferred will receive five
three
class
..offered .to the
subscription to
——.—
'J.
.Which
328,656
-3,797,604
$53,835
2774.
p.
Gross
registration statement with the SEC
"stock.
Underwriter, Shea & Co.,
is selling 26,400 shares for its own
Co,
Westinghouse Electric
for
-23,963
Woodall Industries, Inc.-
a
"irW
.
revenues——$11,815,357 $18,332,601
Pr258,472
JDr73,599
*
•Special charges
Net income
Extraordinary
693,168
-
..—3,296,392
BeIance;K-^^^ir^^--v—
and
3,450,582
693,168
2,015,375
—1-—^—
163,
Other
3,565,874
2,832,719
^
$3,199,113
Interest
1095.
p.
29,922
common
special
at
from
the
the
on
23,400
$83,799
$38,246 *
,
Net. sales
4
"
3,256,626
Amortivation of plant acquisition adjustments^Fed.
inc.: taxes, after extarodiuary
reductions
Other
when
ments
$40,909,685 $48,174,483
17,000,006
18,662,707
Maintenance
income
9 Months Ended May 31—
t.v
service
of
cumulative
are
tors,
1945
26,490
$68,168
—
deductions
Net
M^Files With SEC
notification with,
of
■
6 filed
-
■
5,727
21,573
.
:Net, earnings
per
is
shares each of class A and common stock.
• •
- •
Dividends on the new preferred stock amounting
282,799
INCOME STATEMENT, 12 MONTHS ENDING ,MAY 31
taxes
h
presently outstanding 11,943 preferred shares .and 16;943
Upon the plan becoming effective, the issued capital
59,715 shares of 7% $20 par-preferred; 67,772 shares
of new class A
stock, and 86,658 no-par common shares outstanding.
The authorized capital will be
170,000 shares of preferred and 150,000
$671,371
29,388
21,170
taxes, State and Federal
.
shares.
consist
80,303
30,655
—
•
Common
stockholders
class
120,971
9.047
'
:
General
been
have
are
common
emergency
Operating revenues
Operationr.>^__->^»^,__^—
a letter
.4
and
par
and
held.
now
There
-
1945
$243,788
$276,906
Depreciation
par)
6/- V*.-*"-
preferred
Common
share
taxes
■___
.Depreciation
1
j,
1346x
1
earnings
Income
shares
"'W,>•;
stockholders,
the
held.
171,439
$373,151
Fed.
S»'v
•#>?'. :*
a
Maintenance
Grocers,Xtd.—Reeapitalization Approved—
ferred. shares
$1,199,944
357,134
...
income
in
'
^
,
be selected in such manner
the executive committee shall determine.—
the remaining 20,000
York.—V. 163, p. 3333.
S.yo
I
Operation
Retire preferred-—
o
and
Co., New
267,112
$554,713
.1.
reductions
vi
^'Quarters Ended June 30*^-
:
redeemed. shall
or
par)
Proceeds—Shea &
Western
$552,439
—
through
i
,
„
.
Virginia Water Service Co., Charleston, W. Va.
Boston.
231,160
191,67.4
revenues-
amortization
*%v
^
Wisconsin Hydro Electric Go.—Earnings—
'
proposed to be made by
held by record holders within ;the .service
incorporation of. Washington provide that if
shares;.of the $6 -preferred stock are:;t<K-be-re¬
The company on Aug.
for 46,400 shares (no
57,764
,
and
facilities
'
!
consist s
at $388 on
r
57,764
-
Extraordinary
.
;
preferred and 900 shares (no par) com¬
Shares are being offered on behalf of stockholders.
Offering
$100 a share of preferred.
Not underwritten.
mon.
will
V
will
valued
Common
Wellington Manor, Inc., La BkW
cumulative
Balance
•
increases Service Offices-*. Sdv-W
of
the shares to
board
West
287,943
operating
treasury stock,-i?r$32,685
shares
articles
The company
shares 5%
'
233,436
____
income
Interest
.-
These
stock
common
preferred.
retirement
by
present .7%., $100
y,';.Net
$436,801;
Expansion of the professional service . facilities of this company,
begun thfc first of this year, IS; being, continued with the opening of
new offices in Seattle, Wash., Aug. 15, and in Memphis; Tenn., Sept.' 1.
fc„Joseph C. Noh, Vice-President and Director of Sales, pointed out
that the two new additions constitute the fifth and sixth such offices
shares of the 103,753 shares; (no par)
presently outstanding in the .hands of the. public.
164, P. 598.
600
1,211,222
ductions of $454,238 in prior period
.
$888:
30 approved the following transactions; v:» <
to
call in, redeem and retire, at $110
68,753. shares
the
United
239,160
—»
plant acquisition adjusts,^^^___^___
.income taxes after extraordinary re¬
"Other taxes
erty
.
,
of
—Registers With SEC—
1946
of
Federal
V.
of
the
V.
United
1,581,011
220,627
Maintenance ■
of
value
amount;
share
stock
as
Organization
$3,130,620
'■
'■
of
10
dividends,- 68,753
The
deemed,
*
y|iginia Electric & POwer Co,—Earnings—
-
face
lqss. .than .all of the
Rank
*•'
to its present
by the acqui¬
distribute the- American made Eagle-Lion product in the
Kingdom and elsewhere throughout the world.—V. 164, p. 55.
Net
under-Section
proposes
called
and
area.
respective
<will
Other
proceedings
by stockholders of record whose postoffice addresses are out¬
area.
The difference between the number
selecting,
the
building -: of theatres, including - theatres which. Universal
intends -to acquire In the: United-States.;
>V",v; ■ >
relationship heretofore established between the J. Arthur Rank
Organization
and
Robert
Young's -Eagle-Lion
Co. ^in
Distributing
%
and Exchange Comcapital structure of
a
Washington's service
shares
area
The
the
taxes,
Val Kolh 'has been elected Divisional, Ylce Fre4ident. ln cha,rge of the
special markets division which is engaged in marketing throughout the
United. States and Canada, Vitamins used by the food and pharmaceu¬
tical industries; a new flour bleaching agent; and chemicais produced
by'-'Winthrop and other subsidiaries of Sterling Drug Inc.
- '
^
Mr." Kolb joined the Winthrop concern in. 1940 As associate director
of the special markets division in charge of Vitamin gales.»
Reorganization
—
or
America for
•
Co.
is.«proposed .to retire all shares of Washington^ $6 preferred stock
now
in
obtain
distribution
on ; July
preferred
side
International
«,
reorganization
$250
each
.^Washington
a
'•
theatres
1,000
will
films
Distributors
Film
^
-
of
income
.;
,.r:;Z
■
Washington Water jI*.ower
share,
world,
distribution -of
by Universal International
continued
distributing companies.
••
payable, $228,566; claims of subcontractors
accrued, items; $75,161-;: Federal and
capital stock, $162,632; capital surplus,
terminated contracts, ^$50,751;
r«
•'
•:
4'
f
Winthrop Chemical Co., Inc.—Divisional Vice-Pres.-
,
found to be worthless under the
plan.—V. 161, p. 2491.
,..
the
•
in
a
bonds of
common
Uni¬
rejoining
President
^•tributevthevcombined product,1
r
LIABILITIES—Accounts
on
State
,
^
Electric
&
""*:'. "
company,-
^
distribution
Gas
r
^
,
special .department .within, the Universal distribution, organization
be created to give specialized and concentrated attention to the
product of the f. Arthur Rank Organization..
.
0,v..
The 'same/ long term relationship which - is being created in the
the
;
>
,
A
for
•
-
the basis of $10 a share; $110 of Southern Utah
preferred; and1 $140
pf Southern Utah common.. The plan noted that
"Ji39o. on .each $1,000
of 6% bonds already has
been-paid in cash.
Present 6% bonds, with
interest to June -30, 1946, totaled
$2,775,486.'
<
..
The
7%
preferred stockholders would receive one share of new
will
States
'•
,
-direetorv;of: Universal' Pictures Co., Inc. v/
United
*
,
securities
Fox, President of United World Pictures
has been elected both Executive Vice
and
1946
accounts receivable
f>(net), $459,030; claims on terminated government contracts,. $72,137;
notes receivable, $2;500;- 'inventories,' $1,123,386; 'cash- surrender? value
of life insurance, $115,853;
plant, property and ^equipment 4 after de',-preciation ^eseryef;nf ;$390,859),!$837.781; prepaid «xpenses and,deierred .charges, $.21^374; total, $3,183,082,
...
.
- ■ ^:»*
'■
JUNE 30,
BALANCE SHEET,
(on hand and in bank), $551,020;
.
,
,
tures, which - organization will also distribute the Rank Pictures in
jthe United States and Latin America. The .executives of United World
Pictures Cm^.-Incf. ' Willii join the/expanded Universal organization. .;
,
$8.97
A
.
stock. ,>
^
?Shares of the reorganized Washington Gas Company are to be dis¬
to be opened so far
this year^ .Increasing by 50% the; number ,of
tributed among its creditors
And, 7% preferred stockholders, v
-) .
such offices operated by the company in 1945, they bring the. present
The
company
will issue $782,250 of new 3J/2%
first
mortgage
.total to 18.- These, branches are maintained by the company to coor¬
,bonds* and. 136,489 cqmmon, shares, at g fixed-capitalrvalue of $13.73 a
dinate relations with physicians, dentists, hospitals and pharmacists
sharey but valued at $10 a share .for purposes5-of the plan,..; t-nt
in the.territories served.—V. 163, p. 949.
; f
f/, Holders of. each $1,000 of Washington fGas 6bonds will receive /
new
Co.,
rUoetz-, «as- President, and -they wiir be in-charge of all production
activities..,Cliff Work, Vice-President of Universal, will remain as one
of the,/senior^studio-executives.
n<,'The United World ^.Pictures-Co., Inc.; will be consolidated, into.-the
sorganization fo-r the distribution of the Universal International Pic¬
-
$124,837
$1,75
.
.
producing company,
Universal International Production
which will be a wholly owned--subsidiary of Universal Pictur.es
Inc., will be headed by Leo Spitz, as Chairman,. andu William
v'Co,,
<r*rr
ft
$268,849
-i—
.
the J.
Picture.Enterprises, was.also,present.
,
,
jjrAf«r?edrAnd-a}AingleiOlassiOfscommon
Arthur Rltnk Organization
Ltd., Universal Pictures. Co., Inc., International Pictures Corp.,. and
-United. World Pictures -Co., -Inc.,
at the conclusion
of a series of
conferences in London, England. A representative of the Robert Young
was
194,683.
share—
per
ASSETS—Cash
the Commission before it may be filed with the Court.
Southern Utah Power Co.; a subsidiary, also is to'be
recapitalized
to provide, in addition to its
outstanding bonds, ,only -one class uf
pictures
program
.
159, p. 51.
approved ,by
Co. This, new consolidated comdistinction and in the first year, has
•
;
-Net-profit
ythe Bankruptcy Act,-, would continue -to own and derate its gas propT,Arties.
Nathan A. Smyth, trustee, submitted the plan^ which must be
Production
$479,258
387,096
Cr32,676
$463,532
—
5Vz%
,
•
,16,920
now
-
The
$469,837
9.361
$446,612
...
'
"
Earnings
,
jnlssion
-
-
i.Oi•'
t
The company has proposed to the Securities
a areorganization program which provides
only first mortgage bonds and common stock.
production, distribution and exhibition of
and;Internationa] Pictures.throughout
on, July 31. A..merger of interests .has been
which
International
4u£
.
the
Washington
Universal
result
a
u.-
'
•
—-
;Prov.. for income and excess profits taxes..
Postwar refund of excess profits taxes
.
■
(the production ( activities of Universal
.Pictures Co.-Inc. And International Pictures,vCorp„.will be merged ,&s
.of Oct,- 1, 1946fc,ln„ a new. production company under, the,name, of
,
are
tii.
stronger Anglo-American film relation-*
ra
!■»-•
-
25-year debentures
(subordinated) due Oct. ,1,
$999^2a"eaxned su^ius;i$1^261,928,
ready for exchange for temporary debentures of that
$3,183,082.—V. 163, p. 2488.
Guaranty Trust Co. ol New York. 140 Broadway. New^*»:
*».
\
York; N. Y.-V. 164, p. 734. ■
^
the expanded
for
Arthur Rank
„the vyoxid were .announced
.^arranged
Pictures
CI
-
•
"Planned—
long term' plans,,'for
ship .and
-
4
'definitive
1970,
TTViilvorial
toivorsal j^ctures VlV .lhcf-^-Fpoduction, Activities of
"Co.,
tils ..Corp.
Merged
•
Not underwritten,,
issue «t
(.
,*
ft
.
Ward Baking Co.—Definitive Debentures Ready—
14,. Mr. Wilby,- who has been
-Steel.since Jan. 9, 1909, will maintain his
headquarters In Chicago, 111.
—V. 164, p. 734.
-
v
■
•
•
.
Total net profit—'-a—-
v'
.
;
-.
Fairless,
Aug.
-
•
r
Other' income
.
;12y500 shares (na parf common and, 27,400 shares of cuwuletive 6%
preferred stock. Oaenng price $i:)a snare of common tmd $10 a share
"of preferred.
Proceeds will be used for acquisition of manufacturing
States
United
.•
Wailes-Bageman, Inc., Vernon, Calif.—Files Witli SEC
'1'
1 the SEC
cqmpany on-Aug..?.filed a-, letter-.of.-notification--:W
•--i
.
Vice-President of
a
Benjamin
i
„
^•>a
Selling, admin, and gen. expenses
.4"i
&
*2M ?•?"•*$
>'V
•'
:d Net. prof it from operations.———-—
p.-'
'V
who
.
,
has been elected
of Delaware,
John
succeed
.
.
Inc.—Earnings—
Gross sales, leas discts. & rets, and allows..
a
agent and registrar for the capital stock, 50c par value.—V.
«?■>
.
w v
.
1 ., /
-.
.
X
-fi
v
St. Louis and St., Paul.
* 3 William FJ McConner, General Manage*-'a* sales i-of- National Tube
i£ja since 1936. >hasbeen named /Vice-Plesident in charge of sales
y
filed
r "
"
jit
ij&ostibf Aaaiesjfe
;
Guaranty. Trust Co. of New York has been appointed transler
-
,J! Boston, Cleveland, Newark, Pittsburgh,
v
saie of
4944.—
in
loss
' ;
•»!£•»
Willson Products,
Vulcan Iron Works, Wllkes-Barre, Pa.—Tr. Agt., Etc.
Corp.
'
/TSales,fjurisdiction
book
-r.
a
■6 Months Ended June 30—
letter of notification with the jspc
if or
common,
.Offering price $3 a share., Underwriter, Mercier, McDowell &. Dolphyn. Proceeds will be used for
reimbursement of treasury and additional capital,«;
..
Steel
related
ox
pro
'
►
company on Aug. 6
83,095. shares ($1 par)
States Steel Corp.
In Octoberv 1944. he was
of the railroad materials
division of .the. Carnegie-iUinois
'"■•:?!.
reuuction, ^resulting .from
tax
excess
Vokar Corp., Dexter, Mich.—Files With SEC—
United
years.
^
r!
in
^
is $1,504,351 less than
years
of
amount
The
com¬
Ernest E. Aldous.,..
-".£V.H.&
'•>S
«
in
rata
pro
transportation property,
v. 163, p. 3332.
•
•
associated
^promotedftO .rbecomeaassistant to
4»> ?
Co., a subsidiary,
the. Presidency, of that
to
retirement of
of, the. last
most
am
Vice-President
Supply
advanced
$1,504,351
Y.-P. of Units-..io<i»Aiw k A
f arl
/■>
elected
Steel
the
upon
'" aVei
been
States
Mr. t Aurelius ,;has
1
.
'*W«a),jUw«,
■
^
Leslie B..?\VorthiUgtOn, ;who
,
because of write-downs in, prior
""""
United States-Steel Corp.~New
,
-Holders
eifher' to- £fco»
bonds
Monday, August 19, 1946
(a*
.
j.i"
.f
r- r
1
■
f
,1
.
$1,606,003
...
^Estimated credit for. refund of prior
$3,555,409
$3,163,726
$0.82 J, ci;' $1.81 '.A1- ,-'>:$1.61
years
excess profits tax,
$500.-
OOP; gain.from sale.of,real property ,(net), $320,625.
j-v
thousands-of dolf-lars on new
•v-NOTE—Dividends received from-foreign subsidiaries not consolidated
machinery,; new equipment plant modernization and decentralization—all in preparation for increased volume, lower,
costs, J were $14,692 in .excess of. earnings for the six months' period ended
and keen 'competition,^—V.
June 30, 1945, and $36,416 in 1944.-^-V. 163, p. 2774.
164, p. 56. V-'
'•'' !•1 f.v
®
./
\
$ j c ^ I ?;): ? -'/"j ■■ "/( -5',- u:i-/v:'v
g<
i C--1.
'
'
''
;
!•- .J J. »?f':
L J"
:
our factories
■
and
machinery,;:.iWe have spent
many
~
[Vplume J(j4„ Number,,4517,
ffHE COMMERCIAL' & FINANCIAL CHRONICLE
•yl>
999
M
.
i?,'•.. 4;'
and
:e
/<4
"tSv:
••'. V
•»'••
••
City Department
BOND PROPOSALS AND
j*/*/
r. -,A'
•
'.u;
NEGOTIATIONS
:,ai-^ T
-fV.':.
W'<
ijvl.*
.ARIZONA
calls for.tenders> of non*highway rdated Aug. 1,1946 arid mature on
^direct. tobligations.^oL theo State ';Aug. T, from 1947 to l959 inch
ArtoohateSiZ t ii
whenever, the necessary funds are Second, high bid of 100.351 for
*.
wnUamiT:
available Jor the purchase of such l%s was made by the Bank of
;SBix>oks/State:Txe:a$ tir er, hn*
Enounces that sealed bids will be obligations. This eliminates the ;America National Trust Savings
time element required an the past, &- Association, of San Francisco;
received by the State, Loan Coini
necessitated by the Board's prior and Weeden & Co., jointly,
;. ,
missioners, at his office in the
approval of such operations. The
Placer Cpunty Sch. Diets. (P. O.
CapitoL Building, in Phoenix, unnew- method
applies chiefly to
Auburn), Calif.
IStil 2 p.m. on Sept. 4. for the pur" Confederate
pension and State
; Bond Sale — The $100,000 Lin¬
/- chpgetoi
$80,000 not, to exceed
hospital bonds.;
(
coln Union Grammar School Dis¬
■n«fe
M-S.
multiples
.,
the
Little
ifrom 1947 to 1950. incl., and $12,-
:
C'OOO from 1951 to 1953 incl. Interh^est J-J. " ■^,,: -•
> ■ At the time and place above in;' dicated,
or at a- later time, the
State•«Loan Commissioners will
tion.
a
pot less than
*
FLORIDA
—
rate of interest.
Raton, Florida
action thereon as may be
advisable.- AH bids must state the
be
must
certified
or
accompanied by
,
i
<;>■:<;
i
thereof will be considered and all
bids
i-ti.
i
..
Voted
is
—
/■).•)-;« .t
CALIFORNIA
bank doing business
}
of
State
,
certified
State Treasurer. The
cashier's
check
the
of
voters at the election to
in the near future:. -;
or
successful
retained
by the
State Loan Commissioners to be
bidder
shall
be
^he legality of said bonds is to be
of
be held
c;
-
$100,00(1 2Sj at a price of 100.729.
authorized at the Aug. 1
disposal
Atlanta),:Ga<*
i 4-M::
< \
$2,500,awarded
4
the
in
bidder
such
event
-
-
^^dpes hot take hb land pay &>riaid
pifeonds/jimnrn^their
issuance ah delivery to such bid-
i
m&tfeat;
The
sioners
Coriimis*
the right to reject
State * Loaft
reserve
,
a.m; on Aug. 19 for
of/Loa- ^ngeles; ment. A,: Evans; &. Co.,/Brpoke,
purchase of $100,000 not to Weeden & Co;y.Lawson, Levy l& Tindall'jCci.,V& H. J&ilsman;&
exceed 5% interest school bonds. .Williams,' and Hannaford;&. Tal-» Co., First National Bank, Courts
Dated
July
22, J 1946.
Deriom. hot, all of San Francisco, on a & Co., and Stockton; Broome &
$1,000. Due $20,000 from 1947 to bid of 100.0509, a net interest cost ,Co.,;ail pf jAtlanta,, .Due Aug.»;i,'
1951 incl.; Principal and interest of about 2.377%, as follows:
For ias folldws: $75,000 in 1947-to 1955;
payable, at the County Treasurer's $300J)00, maturing $50,000 July 1, $125,000 in 1956, $150,000 in 1957,
the
"
office,
/tpn, of Phoenix,-will be furnished.
#.C; iButlfeA
receive sealed
Sept.,9 for the
purcna&e of $283,000 not to exceed
3% interestY water and electric
light revenue bonds. Dated July
1, 1946. Interest J-J. Due July 1,
as follows: $8,000 in 1948 and 1949,
Clerk,
•»
;
1
the rate, 1947 .10,1952,. as 2s,. $3,00,000 ma¬
name
check for;
required.
tip*:'
1
,
;
,
v
1952
to
1955,
\
bonds, not exceeding 5% interest.
Dated
July
22,
1946.. Denom;
$1,000. These bonds are due $1,000
in T947 ^ to 195 lv' ^Principal /mid;
1969,and $16,000 inl970>andl971. Interest
payable
at
Treasurer's office,
These bonds
carried by a vote of
191 to 17 at the election held on
,
the' County
Enclose
a cer-^
tified cheqk-for 10% .of .the tonds
July 23.- Bonds maturing in the bid.. for, payable to the .above
Clerk.;;J'
;"; years 1958 to 1971, inclusive, shall
.v:^-AV-'v-V-:
*-'»*■<.''•A'.?*"'': '"rSS\t
be ^doemable^inyerse brdei^ 5
\ Los Arigkles County )Sch<*. Dist. l
years prior to their respective man
(P. ^CX Los^Angklesyi Califi
:i txurity. dates,, amixop interest pay* .)? Bond Sale—The
$860,000 Gompl ing dates thereafter^alipah ahd ton Union
High School District
■
}
■
■
taccruedvinterest, upon^^O >days' bonds offered
Adg;t
';, i>ubOish^d Pdtic6<ft The ^ihcipdl <871—'Were Warded to a syndicate
of and interest on said bonds shall
coihposed of Halsey, Stuart &.Co.[
lj>e payable solely from the rev¬ C.i F.) Childs & Go., of Chicago;
enue to be derived from the water
Milwaukee Go,,
of Milwaukee;
and electric light and power dis- and
Thomas Kemp & Co:, of Lo3
tributioh Systems of the Towa,
Angbles/as:2sivat -a price nf 10L16;
after paying costs of .maintenance a basis of about
1.869 %.
Dated;
and:
a
.
,
certified .check
total amount
for 5% -of the
bid.,,
'
,
Aug. 1, 1946 and due serially on
Aug. 1 from 1947 to 1965 incl.
Second'high bid pf 10^065 for 3s
made by a syndicate headed
was
by Blyth • &i Co. ?
;
;
TKe
$125,000
v
3-rvvict
-
V,.
•
,
Arkansas (State-of.) I
4.Bohd
-
Tender
,
Pro
ce
t.
k
d ii
..
.
r e
Amended—The iState Fiscal' Con"
''
Said bonds are gen¬
,
same' time
were
awarded to
syndicate composed of Blyth' &
Co., Security First National Bank
a
Angeles, R. H. Moulton. &
Co., all of Los Angeles, American
Trust Co., of, "San Francisco,;
thq
William R. -Staats Co.; and Red"
!&.Co,,~both of Los Angeles•
as
"at a pride of lM36, a basis
field
The bonds
are
lowing bids
York:
were
Dixon
National
of 101.108, a basis of about 1.11%.
Dated vAUg; 1," 1946 and, due on
pecv 1 from 1948 to 1960 /inclusive.
Second high bid of 100.216 for
IV4S
made, by Halsey, Stuart
was
& Co.
*r
*
,4.
Geneseo, Ill.
.
i:;:;Bohd;;Ele^|ion4^if^'|s^
of
$150,000/hospital bonds will be
considered'>bv/tke voters at the
Sept. 16 election* ,
-
i'icJ°Met, Illinois
>.
"/t/
Proposed Bond Issue ^ The city
I sewage
tion
disposal
bonds.
plant
construc¬
■
.
.
1
.
v
-
McCpok,
Brookfield-North -River•
'side' ]Wat<er.District'(P. O.
j
"Riverside), III.
/jjBonOs Voted—At a recent elec-
fi
Bld^4for;BondsTssuer^he^fd^
,
the
to
Bank and the City National Bank,
both of Dixon, as IV4S, at a prine
received in New
tion the voters
for ; the
authorized
an.
is-
$1,000,000 T8/^
water supply: revenue thonds: of4 sue;of $600,000 water construction
bonds.
f;
■
fered Aug. IS-^-v, 164, pi 736:.> 1
of. ..Supervisors
of Sacramento
Port Byron, III.
Bidder^ /
' v /
Rate Bid
County, as and constituting the
First. Boston Corp., Lee
^BQiid Election —r- An issue; of
Board .of pirfctprs; .of County
Higginson. Corp,, Whiti
$40,000 street' paving bonds will
Sanitation
District.,1 No., 1, u has
be submitted to the voters at the
'-ing, Weeks'A<& ^ Stubbs,
power4 and Is "obligated, Jfo, levy
5ahd
F.1 ' Brittain/Ken ■
"i \ ■. election to^be held on Sept. 17.
;and collect pd valorem faxes for
riedy
-ijointly/^ 100,811)
the 'payrhent of ^said bonds, and
INDIANA
;Devifie.W» Co* -and • t .1
2
the interest thereon upon all of
Bank of Hawaii, jointly
100.399
the roa| property in eaidJ District
Kokomo, Ind*
/
; VW ^'V
'
Bond Sale —The $150,000 imsubject to taxation by said Dis¬
trict, without limtation of rate or
provement: bonds roffered Aug. 8
Arenzville, III.
amount.
The
legal
opinion of
-r-v. 164, p. 872-^Were awarded to
Bonds Authorized-r-An, .issue, oi the. First National Bank of Chi¬
Grrick, Dahlquist, Neff, Brown &
Herrington, of San Francisco, ap¬ $18,000 water; system: completion cago, and the Fletcher Trust Co.,
proving the validity of said bonds bonds was authorized at the elec-j of Indianapolis, jointly, as IV4S, at
Willbefurnishedtothesuccessful tioh hpld on July .29..
^
't a price of 100.935, a basis of about
V.*
**»
«•>'• 'it:
bidder without charge.
:
1438%. Dated June 15, 1946 and
Avon Community High 5cL Disti
due semi-annually, from July 1'5,
No* 176, III.
COLORADO
1948 to, Jan. 1, 1963, inclusive.
Bonds Voted-—At \ the July 27obligations of County Sani¬
tation District No. 1 and the Board
eral
*r
,
.
•'
■v
^
*
'■
''
Moffatt
County,-pratg Sch. Dist.
/Bond
VoteifaAh "issue/o^$350,-
000 -school
building
-
authorized ? by
voters at the
July 26 election;
;
issue of $200,000
bonds.
■
/
,
construction
ponds ', was
riVeW ; Castle Cottnty (P. O,
\Yilmingtoh)sI)el*'
''■
■
election the;< voters iauthorized an
(P, O, Craig), Colo.
the
i,
t
school building
i
t>
Other bids:
-
1
Bonds
\
<
...
»:*43iddar
/r
int." Hdtehate Bid
Oity Securities Corp.
\%*b
100.741
Mullaney/Ross &. Co.—^.« IV^ %
100.64
Northern * Trust Co.,
Byron, lit.
1
College District bonds offered at
the
rtrol;Board11 h^S/au|ho^izedVSeci:e^
tary Frank" A. Storey, Jr., to issue of about" 1.693%.
urer's office.
Comptort', JUnioi^ ^MEUvDELAWARR^^^
of Los
''
HAWAII
.-
pealed
1959, $12,000 in I960 to 1962, $13,000 in 1963 to 1965, $14,000 in
1966 and 1967, $15,000 in 1968 and
operation of such systems.
The Town .will furnish the bond?
and the approving legal opinion
ofJJyles p. Tallniadge,;of D.epver,
The. Council will not consider any
bid at less than par and accrued
interest, and it reserves the right
to reject any and all bids. Enclose
•
w
' Uw'
Julyi,,49^/Ponom $l,0Q0..Ddn
Randsburg Schi. Dist.
\ f (P. \ OSBakersfield), Calif. % <> $50,000; bn^'July, l4 from ,1947 -to
1966 incl.
Principal and interest
]
Bond Offering • — ;R. J. ^ebh;
(J-J.) payable at the Count Treas¬
douqty' ClerWill i receive
1956 to
$11,000 in
awarded
is making preparations to issue
$3,250,000 water main, sewer and
,
Kerri County,
pids ;untij;l 1 ^3^Ptt;<Aug^|DToif:
$9,000ifit950*andi951,$10,000 in the/purchase of $5,900 school;
:
$250,000 in 1958 to 19.62, and $300,'.;, -, < .<.
*j
turing $50,000 July 1, 1953 »to 000 in -1963^
The bonds are dated Aug. L
1958,. as 2y4a,r$400,000,;2y2s, due
C
$50,000 on, Julyv. 1 from. 1959. ,to 1946, Interest E-A,
1966: incl*.
Tho,bonds are dated
.
10% of the bonds bid for, :payable
tot ;'thelCpunty<CIerk^?M
will
bids until 8 p.m. on
Bidder to
f
of interest.r> A certified
All bids must be unconditional.
Town
4Bond ^ale^The $129,^500 'Swimming/pool: ^construction' offered
Aug J 12
v.
164, p. 736 v-were
bids until 11
V J any! and, ail bids re<^ived*/DeliV"
ery of the bonds shall be made
f at the office of the State treas¬
urer, in the Capitol Building, at
the City of Phoenix, Ariz. The ap:
proving . opinion. of Gust, Rosens
vifeld, Divelbess, Robinette & Lin-
pixdn park District (Pi Qi
'M*
/.
.v
feited
election.
■
Bond Sale—An issue of
i
-
fire
.
applied upon the purchase price
C^o£/said^onds>,ah<l shaH be/fof-
.
Bonds Voted—rAn issue of $7,500
truck
purchase bonds Was
interest
payable A-O. Dated Oct. 1, 1946. funding bonds amounting to $20,Denomination $1,000. These bonds 000.
; '
r
'•fc* -f
,:„4' <•'
'> ::.
are due r$lj000 Ironic Oct. lr^?4t
to 1966' inclusiver The: next 'high^
est
bidder
was
the
American Fulton- Coiinty, 'County -Sch. Dist.
Trust
Co.,,, San
Francisco; for : -»v-1 (JP* O.
jpOO school bonds .was
plant County Sanitation i District (P. Oi
fecfently asi%s, atfpar. to a syni-5"■>' bonds*--..-.
,,
-•
•; i
;«f- Sacramento), Calif*
, - i
dicateComposedoftbeChaseNa<35,000 sewer extension bonds.
»
tional Bank, of><New York;; the
I Bond.Baie^TJ^*$l,OO0iOO'O".s.aw^^
135,000 publit library^^bondSiv &•<■?}
Trust Co. of Georgia,y Robinsonf f *i?;K
system and treatment plant bonds
Ki"■
Kem County, Tehachapi Valley | Offered Aug. 14 Were awarded Humphrey -Co:, both of Atlanta,"
I
UnionHigh Sch. Dist. (P, :(L ^i to a syndicate composed of Bank Equitable Securities'Corp.; > GitiJ
i ^v' •
of America National Trust & Sav¬ zens &a Southern National Bank;
Bakersfield),
Bond Offering
H. J. yeon, ings Association of San Francisco; pf Atlanta; Messrs* Johnson, Lane;
County Clerk, will receive sealed Messrs.-Blyth v& Co.; R. H. Moul- Space & Co., of Savannah, Cle-
$65,000 -sewage
•
; Chicago,
and their approving
opinion will be furnished to the
purchaser without charge;
The
fiO^e.pistriet'Tfeasurer;/-'''.'/
At the
'£^asl3;'^Lya^Q'^S66
a
cashier's check drawn
There shall be
-
one coupon rate "for .the issue,
approved by Chapman & Cutler,
Springdale, Arkansas
Bonds
net interest
purchaser will be reqpired to fur¬
nish the printed bonds. /Enclose a
Sam South¬ certified check for $500, payable
in the
Hemet, Calif.
Arizona, in-an amount
i Bond
Election Planned—The
equal to 5% of the total par value
bonds
amounting
to
of said bonds, said check to be following
cli*awn payable to the order of the $135,000 will be submitted. to. the
eh a
■
'
only
Tenders Wanted ~
p. 599—were awarded to the Bank
.V * of America National Trust & Sav¬
land, City Clerk, has. announced
Aug. 9 ings Association, of San Franeis- that he will treceive sealed hids
election the Voters authorized an
co, as 2%s,/at a price pf 100.795, until 8 p.m. on Sept. 9, for the
issue of $85,00(0 auditorium bonds;
Pur<h&sec/ofMs&U£/^^
'J
paid. No bid
said bonds at a
price of less than the par value
rate of interest to be
for the purchase of
/
het interest cost.;
8, are described in
-P?yinant
'* detail —v. 164, p. 470—were re¬
W. B..Worthen Co., of Little Rock. (- The $20,000 Eureka Union Elejected.
The bonds are part of an original! mentary School District bonds of¬
jK'. v..i ,1^- ' Uir*
■
' V'
fered for sale on Aug. 5—v. 164; :
Wnitdhida^FIa.,
;k''
issue of $308,000.
deemed
The
Bbiid Call"~The town has called cost will be computed for each
fdr;^yment^h:*|f0Yr:!L; 1946, aix bid and the ('best: bid" shall be
defined as the bid with the "lowest
refunding bonds, of 1934/
- f /;
presented: Tfo'
|f;!of said bonds and- to take such
A)l
.
1
aggregating.,$3i;6o61'
ail bids received for the purchase
other
and accrued in¬
things ; being
equal, the District will accept the
best i ;bid
specifying,, the, lowest
The "bonds V follows:- For;$45,000 maturing
are dated March.l, 1945 .and ma- ~$5,OOO^Oct: 1,1947 to 1955 as l%s,
MeridaSfState of)
% /
tlire. on March l,:as foUoWs: $21,t and $55,000 maturing Oct. -1, $5ri .[• Bids Rejected—All bids/sub-;
convene
at their usual/place of 000 In 1961 and $10,000.in 1962.t'000 m 1956 to 1964, and $10,000 m
mitted for the $900,000 revenue
meeting within said Capitol Build- The bonds, with all unmatured in- 1965 as 2s. Interest payable A-O. certificates of 1946 offered for
ing for the purpose of considering terest1 coupons attachedi jnaay. be'Dated Oct. 1, 1946. Denomination sale on
Aug.
;
.trust company
par
terest.
certified check for 5%.
Boca
or
Said bonds will be sold for
.
Enclose
bank
a
mutually ;agreed upon by the pur¬
chaser and,.the Board of Educa¬
.
Rock,
Bond :Call
able rat
State of
Delaware, Wilming¬
ton.
The approving opinion of
Joseph ; Donald
Craven, Levy
Court Attorney, will be furnished.
trict bonds
offered for sale on
Arkansas
H. C. Graham, Aug. 5 — v.? 164, p. 599 — were
City Clerk, calls for payment on awarded to Blyth & Co., of San
Sept. 1, 1946, 1Y2% airport re¬ Francisco,- at a price of par, a
funding bonds Nos. 282 to 312, net interest cost of about 1.87 %;
town;^Denominational $00;
1952, and $10,000 in 4953, and
1954.: 'Registerable as to principal
Only. / Principal and 4nterest pay¬
Principal and interest
payable at- the Farmers Bank of
:p. % %i interest refunding] bcmds 'of
pDue/hily 45;£as;followsi $11,000
to
1%;
the bonds;
-
/the
of
one-eighth
of
est J"J: Denomination .$1,000. Due
June .1, as.follows:,$5,000 in 1948
interest to .be: in
and must be the same for all of
>
V
1948 to'
Due $5,000 Sept. I,
1966. .;Rate of
/
Chicago
;
/ ;/
Vk%
/
101.07
Vo|;ed-r*An ;issue of ■ $17,4 Wayne ToiPnship School Township
(P. O. Fort Wqyhe), Ind.
at an election
.Bond Sale—The $28,620, school
000 street improvement bonds was
favorably ;;voted
held recently.
.
k
/
r.,
Cook County Sch, .Dist, }No.: 161
15—v. 164, p.
awarded to Raffens-
'bonds offered Aug.
_
872
—
were
pefger, Hughes & Co,, of Indian¬
apolis, as iy4s, at a; price of
Secretary of the Board of Educa¬ 101.275, a basis of about 1.05 %.
tion, will receive sealed bids until Dated Aug. 15, 1946 and due
7:30 p.m. oil Sept, 9 for, the pur¬ semi-annually from' July ;!. 1947
chase of $45,000. not tto -exceed to Jan; 1, ,1959,. . Second- high bid
ment; bonds,' D^ted JSept/ 1/|946; 4.% fe?
.iiA^fevvcbup<pi^;^ Soh^l Of! 100.936' for iy4SvWSs. made by
Denomination
$i,000. - Interest bonds;; Dated June 1,1946. Inter¬ Fox, Reusch & Co* of Cincinnati.
i: Bond : = Offering—George
: Gray
Thouron, Clerk of the Levy Court,
will -receive -sealed bids until 11
a>m.
(DST), on, Aug. 20 for the
purchase of $95,000 not to exceed
■3% interest.; suburban improve¬
\ 1
c/;(P. p.iFlossmoor), III.
Bond Offering—Ruth J.
1
,
Spreck,
THE COMMERCIAL &
1000
ated with the Bankers Bond Co.,
*• "if-!".!'-.: ■'■■*
of
Guthrie County (P• O.
j
1
..K--
\
»
Louisville, in the purchase of
the $201,000 2%% first mortgage
Guthrie Center), Iowa
'»
.
refunding bonds reported sold in
.
*•"
'■
164, p. 737.
v.
i: yyy y1
y,yyy.^
Owenehoro City
Sch. Diet., Ky.
ySale;^ The $85,000 : im¬
purchase of $1.00,000 county hos¬
provement bonds offered Aug. 8
pital bonds. Dated Aug. 1, 1946.
were. awarded
to the Bankers
Blue Nov. 1, as follows: $7,000
Bond Co., of Louisville, at a price
*rom 1947 to 1960 incl., and $2,000
of 102.50, a " net Interest cost? of
In 1961,
Optional Aug. 1, 1951.
about 1.731%, as follows:
.fintil 1:30 p.m. on Aug.
19 for the
Red Oak Sch. Diet., Iowa
-
,
issue of
Defeated—An
Bonds
construction bonds was
at the election held on
$225,000
defeated
.Aug. 5.
Bond
$55,000 2s. Due on Sept. 1:
.
1955 to 1962 inclusive,
$15,000 in 1963.
30,000 l%s. Due $15,000 on Sept.
and
1 in 1964 and 1965.
Toledo, Iowa
The
$00 municipal hospital
$32,-
$5,000'
from
■
Bonds Voted—An issue of
v
1946.
bonds
.
dated
are
Sept. 1,
Prin¬
Denomination $1,000.
bonds was cipal and interest (M-S) payable
election at the Central Trust Co., Owens-
the
favorably voted at
itieJd on Aug.,1. v
boro.
$1,025
KANSAS
Bidders
per
must
bid
$1,000 bond
at
least
plus
crued interest. The aproving
Starbuck, Minn.
■*
Said bonds are to
Bonds Defeated—At the July 22 ■(
Act 94, public
Acts of Michigan, 1933, as amend¬ election the voters turned down
Cantom' Maee.
he proposed issue of $10,000 street
Bond Offering—Howard B. Ca- ed, for the purpose of paying the
Cost of purchase and extension of improvement bonds,
.
J
pen, Town Treasurer, will receive
a
water system for the Village.
sealed bids until noon on Aug. 15
Stowe Prairie (P. O. Verndale), y
Said bonds are not a general obfor the purchase of the following
igation of the Village, but are
notes amounting to $75,300:; ■; \
Bond dffering—George A; Gos«*
payable solely from/ the revenues
sel, Clerk of Board of Supervisors,:
$47,000 street, construction bonds. of the water
system of the Village will receive sealed and oral bids
Due Aug. 15, as follows: $5,and are a first liert: on all such
until 2 p.m. on Aug. 30 for the
000 in 1947 to 1955, and $2,000
revenues, subject only to payment
purchase of $6,000 coupon road
in 1956.
•
; of
expenses
of operation > and and
bridge bonds. Dated Sept. 1,
18,300 water mains bonds.
Due maintenance.
While any of these
1946.
Denom. $1,000.
;
Due $1,003 ?
Aug. 15, as follows: $4,300 in
bonds shall be outstanding, no ad¬
on Sept. 1 from 1951 to 1956 inch \
1947, $4,000 in 1948 and 1949, ditional honds
payable from the
Bidder to name rate of interest,
and $3,000 in 1950 and 1951.
revenues
of said water
system
10,000 veterans housing bonds. shall be issued which shall be of expressed in a multiple of l/10th
of
1%.
Principal and interest
Due $2,000 Aug. 15, 1947 to
superior or equal standing with
payable
at
any
suitable
bank
1951.
these bonds.
The bonds will be
designated by the purchaser. A
Dated Aug. 15, 1946.
The. cou¬ awarded to the bidder whose bid
certified check for $100, payable
)roduces the lowest interest cost
pon notes are in the denomina¬
i;o, order of the Town Treasurer, isi *
tion of $1,000, with the exception to the Village after deducting the
required.
'
of $300 water mains notes payable
premium offered, if any.
In de¬
Aug. 15, 1947. Bidders to name termining the net interest cost,
MISSISSIPPI
price of 100.344. These bonds
due on Aug. 1, 1947 to 1951.
are
ac¬
opin¬
*
to be furnished by the
,
and Light
and
Bonds at 100.005.
(
1, 1945. Interest M-N.
Denomination $1,000. Due Nov. 1,
,pet interest cost of 1.358%:
provement
Im¬
Extension
For $1,125,-
000
as
follows: $1,000 in 1946 to 1958,
and
$2,000 in ,1959 to 1970. Prin¬
cipal and interest payable at the
maturing $75,000 Sept. 1,
1947
to 1961, as l%s,
and
Town Treasurer's office.
$375,000 maturing $75,000
v
to the Town Treasurer.
Sept, 1, 1962 to 1966,
;f-
as
a
Enclose
certified check for $750, payable
l%s;
LOUISIANA
Hospital Bonds at
For $260,000 ma¬
Calcaeieu Parish Sch* Diet* No, 23
turing Sept. 1, $17,000 in 1947
(P. O. Lake Charles), la*
to 1956, $18,000 in .1957 to
Bonds
,Voted—The
$275,000
,1961, as l%s, and $90,000 ma- construction bonds were
approved
turing $18,000 Sept, 1; 1962 to
by the voters at the
550,000
100.0114.
•
.
.
•
1966,
as
Aug. 5 elec¬
iy2s.
tion
All of the bonds are dated Sept.
X
1947.
Denomination
$1,000.
3©th principal and interest on
«aid bonds will be
under
,
.
,
1^500,000 water
issued
^
Hays & Fahey, of the rate of interest in multiples
of % of
for.;the entire issue.
• ;'<:;3.vyyT:yy
Principal and interest payable to
Second high" bid of 102.75 for the Merchants National Bank of
yftered for sale on Aug, 13 were
awarded to a syndicate composed 3s was' made by W*5 C. ThOrn* Boston. No bids for less than par
,«©f Harrjman Ripley & Co., Inc., burgh Co.
and accrued interest Will be; ac¬
JSternBros. & Co., of Kansas City,
cepted.
The notes will be cer¬
Shepherdsville, Ky.
l&auny BoswOrth &Ctit Inc* WRr
Bond Offering-rJ. D, Buckman; tified as to their genuineness by
lam
Blair &
Co., of Chicago,
the Director of Accounts..
De¬
Jr., Clerk vbf ...Bpard of Board of
Epden-Zahner
Co.,
of, Kansas
Trhstees^wM receive sealed bids partment of Corporations and
idly, C. F. Childs & Co., of Chiuntil 8 p.m. on Aug. 19 for Hie Taxation, C o m m o n weal t h of
go, Seltsam & Co.j Ihc? of Em?
Massachusetts.
purchase of $37,000 4% water
poria, and Blewer; Heitman & works revenue
refunding bonds.
Salem, Maee.
Glynn, of St. Louis, at an overall Dated Nov.
^ale—The following bonds Louisville,
amounl^ig to $1,850,000 and of- Board, c
JSond
v
Bank, Onsted,
be
ion of Sk&ggs,
(Coffeyville, Kan.
■
Mottday;-August119; 194$'-
;
The County
Treasurer will receive sealed bids
Offering
Bond
FINANCfAL CHRONICLlS-
payable at the
office of the State Treasurer. Said
feonds, duly printed, executed and
registered, will be furnished by
"the City, and said bonds will be
"jsold subject to the legal opinion
i*<jf Stinson, Mag, Thompson, Mc^Evers & Fizzell, of Kansas City,
whose unqualified approving opin¬
ion will be furnished and paid for
fey the City.
AH of said bonds
will constitute general obligations
of said City, payable both as to
principal i and interest from ad
and
will be offered
for
sale
within the next several months.
Louisiana (State
of)
Bond Offering—L." B. Baynard,
Secretary of the Bhard of Liquid
dation of the State Debt, will re¬
ceive sealed bids until 11 a. m. on
Sept. 17 for the purchase of $4,972,000 coupon or registered re¬
funding bonds, not exceeding 5%
interest.
Dated
Sept.
1,
1946.
These bonds are due on Sept. 1,
as follows: $272,000 in 1947,
$300,000 in 1948, $325,000 iri 1949, $350,000 in 1950, $375,000 in 1951, $400,000 in 1952, $425,000 in 1953, $450,000 in 1954, $475,000 in 1955, $500,000 in 1956, $525,000 in 1957, and
valorem
taxes
which
may
be
levied without limit as to rate or $575,000 in 1958.
Principal and
Bond Offering—Arthur J. Bren-
nan^ City Treasurer, will receive
sealed bids imtil 11 a.m.- (DST)
Aug. 20 fori the purchase of
$50,000
coupon
water
bonds.
Dated Aug. 1, 1946.
Denom. $1,000. ylnterest F-A Due Aug.
as follows: $4,000 in 1947 to 1951,
and $3,000 in 1952 to 1961. Bidders
on
interest
on
considered
premium will not be
deductible.
as
from the date of
Bids
maturity.
tioned
on
receiving bids to
shall
be
condi¬
the unqualified opinion
of
Miller, Canfield, Paddock &
Stone, of Detroit, approving the
egality of the bonds. The cost of
said legal opinion and of printing
;he bonds will be paid by the
Village.
The bonds will be de¬
livered at the Onsted State Bank
at a bank in Detroit, designated
by the purchaser. Enclose a cer¬
or
tified
check for $500,
payable to
the Village,'
MINNESOTA
Birchdale (P. O,'' Grey Eagle),
1
Minn.
Bond
Sale —The
$24,500 road
and bridge bonds offered July 20
to name the rate of interest in
v. 164, p. 471—were awarded to
multiples of V\ of 1%. No bid for
the Peoples
National Bank of
less than par and accrued inter¬
Long Prairie, as l%s, at a price of
est.
Principal and interest pay?
at
able
Bank
National
the
of
Boston,
Treasurer's office.
Shawmut
&
Dodge, ot Boston; will be
furnished.
Dated
a
basis of about 1.462%.
Aug. 1,
1946 and due on
at the City
Feb. T from 1948 to 1962 inclusive.
The bonds are
Other bids: y
or
prepared under the supervision of
and authenticated as to genuine¬
ness
by the National Shawmut
Bank, of Boston.
The approving
opinion of Storey, Thorndike, Pal¬
mer
100.306,
.
Worcester, Mass,
Bond Offerlng—Harold J. Tuni-
Y
Bidder
Int. Rate Rate Bid
;
Houston; Mi?s.
Inter¬
est oh all bondawillbe computed
Vh%
100.20
Piper, Jaffray & Hopwood
1.60%
1.75%
of
Cbmpton
O.Wadena, R. R.
No, 1), Minn.
Bond Offering—K, E, Johnson,
Town
sealed
Aug 19
$15,000 not
Clerk, will receive
oral bids until 2 p.m. on
Houston,
as
Lexington Separate Sch.Diet.,
y ;
vy:'lY ^ ? Y'':-
V;
,
■
■-
Bond cOffering?-(Li A*' Glover*
City Clerk, will sell at public auc¬
tion until 8 p.m. on Aug. 19, an
issue of $75,000 -school ; bonds* *
Dated Sept*!2, 1946y
Denomina?^
tion $500.
These bonds are due
Sept. 2, as follows: $2,000 in 194T
to 1951, $3,000 in 1953 to
1954, I1
$3,500 in 1955 and 1956, $4,500 in
1957 and 1958, and $5,000 in 1953
.
1966.
to
A
certifiedY check
for
2% of the par value of the bonds
is required.
Newton, Miss.
Bond Sale—An issue of
$150,003
industrial plant bonds was award¬
ed
Aug.
5
to
Newton
County
Bank, of Newton, as l%s, at a
price of 100.166, a basis of about
1.73%. Due $7,500 on July 1 from
1947 to 1966 incl. Interest J-J.
,
Scott County Sch. Diete. (P. O.
Forest), Miss.
Bonds Purchased—The follow?
ing 2&% bonds amounting te
$26,000 were purchased recently
by the Walton-Hamp Jones Co.,
of Jackson:
for the purchase of
Treasurer and Collector
$20,000 Goodhope Consblldateid.
to exceed 2Vz% interest coupon
School District bonds. -' - -"' - "4
will receive sealed bids
road and bridge bonds.
Dated
until 11 a.m. (EDST) on Aug. 21
6,000
Ring Gold
Consolidated
July 1, 1946.
Interest J-J.
Due
for the purchase of $1,610,000 cou¬
School District bonds.
July 1, as follows: $1,000 in 1948
pon bonds, divided as follows:
Dated June 1/ 1946.
LegMity
to I960* and $2,000 in 1961.
Prin¬
$100,000 water bonds. Due $10,000 cipal and interest payable at any approved by Charles & Trauer-?
on April 1 from 1947 to 1956
suitable bank or trust company nicht, of St. Louis.
incl.
designated by the purchaser. The
MISSOURI
500,000 trunk sewers bonds. Due
approving opinion of Dorsey, Colpayable
at
the
State
amount upon all tangible taxable interest
$50,000 on July 1 fromyl947
Fredericktown Sch. Diet., Mo. ;
man, Barker, Scott & Barber, of
property within • the territorial Treasurer's office, or at the fiscal
to 1956 incl.
Bonds Purchasedr^The $65,003
Minneapolis, will be furnished; No
limits of said City Each of the agency of the State in New York
100,000 trunk sewers bonds. Due bid for less than par and accrued 1% semi-annual,' school bonds
Rate of interest to be in
issues of bonds have been duly City.
$10,000 on July 1 from 1947 to interest. Enclose a certified check were purchased recently by the
.authorized by the necessary vote multiples of one-tenth or one1956 incl.
for $300, payable to the Town New Era Bank of Fredericktown^
of the qualified voters of the City, eighth of 1%.
These bonds will
910,000
sewerage
bonds.
Due Treasurer.
Dated June 1,1946; Legality ap¬
voting on the respective proposi- constitute general .obligations of
$91,000 on July 1 from 1947
proved by Charles & TrauemichV
All bids must be un¬
Hons to authorize the issuance of the State.
to 1956 incl.
Hennepin County Indep. Sch** Diet of St. Louis.
said bonds at the bond elections conditional. The opinion of Wood,
No. 17 (P. O. Edina), Minn.
The Water bonds will be dated
3ield in said City#
Hoffman, King & Dawson, of New
Newton County (P. O.
Bond Sale—The $150,000 build¬
April 1,1946 and the trunk sewers
York City, approving the
Neosho), Mo*
validity and
Great Bend Sch. Diet., Kan.
sewerage issues will be dated ing bonds offered for sale on Aug
of these bonds will be furnished
Bonds Approved—An issue o£
July 1, 1946. Denom. $1,000. Bid¬ 12—v. 164, p. 873—were awardec
Bond Sale Details^-The $667,- to
the purchaser without cost. All
$200,000 county; hospital bonds,
der to name one rate; of interest to the First National Bank of
400 school bonds purchased by bidders
are required to submit a
were
approved at the election,
for all of the bonds, expressed in Minneapolis, and the First Edina
Btern Bros. & Co., of Topeka, as certified check drawn to the
held on Aug. 6.
order
a multiple of % of :1%.
Principal St$te' Bank, of Edina, jointly, for
reported in V.T64, p. 600, were of the Board of
Liquidation of the and
semi-annual interest payable 1V4S, at a price of 100.25, a basis Phelps County (P. O* Rolla), Mo*
sold at a' price of par, as follows: State Debt for
the amount of 1%
of about, 1.218%.
Bonds Defeated—At the Aug. £
Dated Aug.
For
$172,400 maturing Aug. 1, of the amount of the bonds. The at the First National Bank of
Boston.
Legality approved < by 1946. Denom. $1,000. These bonds election the voters rejected a pro-*
$35,400 in 1947, $35,000 in 1948 right is reserved to
reject any or
Ropes, Gray, Best, Coolidge & are due on Feb. 1, from 1948 to posed issue of $400,000 courthouse"
and 1949, $34,000 i in
1950, and
1962 inclusive. 1 Interest payable bonds.
'
Rugg of Boston.
$33,000 in 1951, as Is, $165,000
F-A.
; The
next highest bidder
MAINE
maturing $33,000 Aug. 1, 1952 to
Ray County Levee District No. 4 ; ;;
MICHIGAN
was
the Northwestern
Nationa'
£956, as l^s, F-A, and $330,000
/
Old Orchard Beach, Me.
(P. O. Richmond)» Mo,
Bank, Minneapolis.
maturing $33,000 Aug. 1, 1957 to
Onetedi Mich,
Bonds Sold—An issue of $20,003.
Bond Sale—The sale of
$20,000
1966, as ,l34s.
Dated June 1,
Bond Offering—E. R,. Knapp
Morton, Minn.
levee bonds has been sold to G. H_
sewer bonds to F. W. Home &
Co.,
1946.
All of said bonds are opBonds Voted—An issue of $25,- Walker & Co., of St. Louis, a«
of Concord, as iy2s, has just been Village Clerk, will receive sealed
iional after 10 years.
bids until 3 p.m, (EST) on Aug
00 curb, gutter and street im¬ 2%s. Dated April 1,1946. Legalityreported.
Dated Aug. 1, 1946.
22 for the purchase of $25,000 not
Due $2,000 on Aug. 1 from 1947 to
provement bonds was favorably approved by Charles r & Trauer-*
KENTUCKY
to
exceed
3%
interest
coupon voted
at the election held on nacht of St. Louis.
1956 incl.
Principal and interest
; Bardetown, Ky*M
water revenue bonds. Dated Aug
July 31*
(F-A) payable at the Canal Na¬
MONTANA
1, 1946. Denom. $1,000. Interes
Bond Sale—The $50,000 water tional
Bank, Portland.
Legality F-A. Due
St:. Louts Park, Minn. 1
works and sewer revenue bonds
Aug. 1, as follows: $1,000
Y
Hot Springs, Montana
approved by Verrill, Dana, Walk¬
Certificate Offering — Joseph
in 1948 to 1960, and $2,000 in 1961
offered Aug. 13—v. 164, p. 872—
er, Philbricky & Whitehouse of
Bond Offering'— Nellie Hood*
to 1966.
Bonds maturing Aug.
Justad, Village Clerk, will receive
were awarded to Almstedt Bros,
Portland.
;
/
sealed bids until 8 p.m. on Aug. 26 Town Clerk, will receive sealed
of Louisville, at a price of 103.02.
$1,000 in 1964, and $2,000 in 1965
for the purchase of $4,750 not to bids until 8 p.m. on Sept 3 for the
and 1966, are callable at par anc
The bonds are dated Sept. 1, 1946.
MASSACHUSETTS
exceed 4% interest certificates of purchase of $12,000 not to exceed
accrued interest on any interes
\Kentucky (State of)
3V2% refunding bonds. Dated Oct*
Ameebury, Mass.
date on and after Aug. 1, 1950
indebtedness. Dated Sept. 1, 1946
y .Bond
Sale Details — Almst^dJ
Bonds. Spld—An issue. qL$20,r Rate,of interest to be in multiples Due Sept. 1, as ( follows: i $1,000 1, 1946. Amortization bonds will
Bros., and Stein ; Bros, & .'i Boyce, 000 department ^equipment bonds of M of 1%, Principal and inter- from 1948 to 1951 incl.j. and. $750 be the first choice and serial
5
bonds will be the second choice
was sold on Aug,
in 1952. ? Interest M-Sf ';:
|>oth of Louisville, were associ
8, .as ls» at. a est
son, City
of Taxes,
,
.
,
.
,
.
■
-
2s, at a price of
par.
100.17
Allison-Williams Co.
issue of 1
$100,000 industrial plant bonds
were purchased on July
16, by the
Houston State Bank, and the Bank
100.11
Kalman St Co..
Bonds Purchased—An
,
payable aL thej - Ousted, State
,L...
.
Ypiume 164
-
l^umbpr 45i7
* « f
ij.
THE COMMERCIAL & FINANCIAL
-
CHRONICLE
r-
of the Town Council. The former 1 for the bonds, which shall be not
would involve -payment of both less than $320,000 nor more than,
at
CT;?5'-ti;r; NEW MEXICO
a
1001
Vt -V
price of 100.267,
a basis of years, the Authority met all of its
financial obligations.
The
$321,000. As between legally ac¬
Commissioners
declared
principal and $ interest inv; semi¬
$34,000 series A Bonds. Denomin¬
(P- O. Silver City), N. Mex,
ations $1,000 and $500.
annually
installments- overt a ceptable proposals specifying the
Due that "only an Authority with a
Bond Offering—E. B. North,
period of eight years; serial bonds same rate of interest, the. bonds"
;
strong credit position can carry
Sept. 1, in 1947 to 1966..
County Treasurer, will receive
would mature $1,-500 annually on will be sold to the bidder comply-,
76,000 series B bonds. Denom- forward a port plan of such tre¬
sealed bids until 10 a.m. on Sept.
Oct. 1 from 1947 to 1954, incl.: i'ng with the terms of sale and of¬
V ination $1,000. Due Sept. 1, mendous scope on a self-support¬
4 for the purchase of $60,000 not
V
Interest A*0. Regardless of the fering to accept for the amount
in 1947 to 1966.
ing basis.
A weak port agency
tWk
to
exceed ' 6% ' interest
school
can
be of no service to the two
type of.bond, they will-be subject bid the ieast amount ,of bonds, the
Dated Sept. 1, 1946;
bonds. Dated July 1, 1946. Denom.
Interest
to prior
redemption five years bonds to be accepted being those
States, to the municipalities with¬
; V; V i '• ;
Interest J-J. Due July 1, payable M-S. ■ r '
from Oct. I, 1946, and on April 1 first maturing, and if {two or more $1,000.
in the Port District, or to the thir¬
as follows:
$3,000 in 1947, $5,000 North Hempstead and Hempstead
bidders offer to accept the same
and Oct. I thereafter, in whole:
teen million people who live in
in 1948 and $4,000 in 1949 to 1961.
Vrf Union Free Sch. Dist. No. S
<*yc itipart. A certified .qheekfor least amount, then lo j:he .bidder
this Metropolitan area."
Principal and interest payable at
(P. O. New Hyde Park), N. Y. %
It was pointed out in the let¬
offering . tp
pay, therefor ■ p the
$500,
Grant
County Sch, Dist, No. 6
about 1.371%:
.
.
•
.
to -order of
payable
town, is required.
Toole
County
the
!
'
(P.
Shelby),
O.
interest
Mont.
Bonds .Voted-^An issue of $150,000 airport bonds was favorably
voted at an'
eleptioq held recently.
NEBRASKA
the office of the
highest price.; The purchaser must
also pay an amount equal Ho ' the
payment of the pur¬
price.
In the ; event .' that
prior to the delivery of the bonds
the income received by private
holders from bonds of the same
the
date 'fit
chase
type and character shall be tax¬
r
able by the terms of , any Federal
Voted ^ The following income tax law, the successful
bonds, amounting to $56,000 were bidder may, at his election, be .re¬
iavorably voted at the selection lieved of his obligations under the
field on July 16;
'
•
<
contract to purchase the: bonds
and in such case the deposit ac¬
$21,000. airport bonds.
Hartington, Nebi
v
•
,
Bends
.
,
State Treasurer.
must
submit
a
bid
specifying (a) the lowest rate of
the bonds accrued to
on
bidder
Each
.
Bond
Offering
—
Lawrence
P.
Quinn, District Clerk, will receive
sealed bids
until 3
(DST) ,on
interest at which the bidder will Aug. 27 for the purchase of $1,purchase said bonds at par (b) 200,000 not to exceed 5% interest
the lowestrate of interest and
coupon.or registered school build¬
premium, if any, above par at ing bonds.
Dated .Sept. 1, 1946.
which such bidder will purchase
Interest M-S. / Due 'March 1, as
said bonds; None of such Bonds follows:.
$40,000 in 1948 and 1949,
Will be sold at less than 95% of $35,000 in
1950, $40,000 in 1951 to
the par yalue of said bonds and 1966, $50,000 in 1967 to
1974, and
accrued interest' to the date of $45,000 in 1975.
The bonds ma$
delivery to the purchaser nor will turing in 1968 to 1975, will be
any discount or commission be
subject to redemption:at par plus
allowed or paid op the sale of the accrued interest as a
whole, or in
bonds.
Enclose a certified check
part,' in the inverse order of their
for\5% ,of „the amount bid,, pay¬ numbers and maturities, at; the
able to the County Treasurer.
option of the District, on March 1,
p.m.
J;85J)00 park improvement bonds. companying his bid will be ire-;
turned. The successful bidder Will
Wahoo, Nebraska
' ; ;■
be "furnished with the opinion pf
Bonds Voted—An issue of $35,Hawkins, Delafield & Wood, of
1967, or on any Interest payment
Neu) Mexico (State of )
000* swimming -pool. boritte wa| New
date thereafter. Rate; of interest
York, that the bonds are
authorized by the-voters' at the valid and
County {Hospital Bonds Banned to be in
legally binding obligamultiples of 1/4 or oneAug. 6 election.
Assistant
\
Attorney
General tenth of 1%, and must be the
tiohs of the'City.' Enclose a ,certified check for $6,400, payable to Robert V. Wollard recently held same for .all-of the bonds. Princi¬
'JVayne, Neb, } /
that counties cannot issue bonds
Bonds Defeated —-An .issue of the 'City.f^f{l;^-::
pal and interest payable at the
5
.
,
f
■
{
■
-
,
.
,
memorial
$35,000
to
park improve¬
Mountain Lakes, N. J.
ment bonds' Was defeated at the
.
election held
-
Bond
.
West
on
Aug. 6.
;
"5
Point, Neb.
Election—Ari
of
issue
$32,000 airport bonds will be sub¬
mitted to the voters at theelec-
i
lion Ho be held on-Sept. 17.
NEW
—
HAMPSHIRE
-.'-,<>1
Bartlett, N.H,
$49,000
ing
(Campbell; rPhelps &
Co.f "of New' YPrk, ,asx l%s, at a
price of 100.105, a basis of about
1.226%. The bonds are dated Aug.
1, 1946 and mature on Aug. 1 from
194716 1054 incl. Other bids:'
awarded
pqe $1^000 on ;Aug. 1 from" 1947
J958 'inch Interest
biggin of Manchester, -
- •
Durham, N- H* ;■
% Bond Sale—An issue of
'
//
For
1,30% Bonds
Co.) and
jointly—-100,07
Boland, Baffin 8c Co.——100.06
B. J. Van Ingen &
Cohu & Torrey,
$63,000
are
the
if
exist¬
necessary
available, the
opinion
vamounf.' $aid bonds
Y.
Bond/Offering—John H. Reniken, •: District Clerk, Will receive
until
10:30
a.m.
on
Aug; 19 for the purchase of $14,^
000 school coupon or registered
bonds, not exceeding 4% interest.
Dated Sept. 1, 1946.
Denomina¬
tion $1,000.
These bonds are due
$2,000.Sept. 1,1947 to 1953. Rate
-of interest' to be in multiples of
V\ or one-tenth of 1%. Principal
,
,
Coj^hdge & JRugg of Boston.
:;
Bqcf^legdRy Binding pbligatiohsBf
(Common School District; No. g ptf,
<Curr:
Bond Sale^-Ah issue of $36,000 i-Sn;; Bofpugb^^ Clerk, will "reyceive jthe Towns, all the ,taxable /reel
water bonds has been sold to Gra¬ sfealed hids until 7:30; p.m. fDS^T) property; within ; which; will Be
lYiatefield
'
-
•
Village Sch. Dist., N. H.
Point Pleasant, N. J,.
.
Bond Dffcring—WilliamI,
-
ham, Parsons & Co., of Boston, as
Hated Aug. 1, 1946.
Due
$3,000 on Aiig." 1 from 1947 to
^958 incl. Principal and interest
<F-A) payable at the -First Na¬
tional Bank of Boston. Legality
approved by .Storey, Thorndike,
Palmer & Dodge of Boston.
on
Aug. 23 for the purchase pf
$20,000 2% series C water ,bonds.
Dated Aug. 1, 1946. Interest F-A;
Due $2,000 Aug. 1, 1947 to 1956.
Registerable as to principal qnly
Principal and interest payable at
the Ocean -County National Bank,
of Point Pleasant Benchv
The
bonds will .be sold to the bidder
NEW JERSEY
or
bidders complying with : the
terms ,of sale and offei^h^ to pay.
Dumpnt, N. J.
an amount equal to the .par value
;
Notes Purchased—An issue, of of the bonds
offered, and to take
$8,000 3% fire apparatus notes was j therefor the
r least
amount
of
'purchased recently by the Police;
bonds, the bonds to be taken being
pemsion Fund, payiiig h price* of;
those first maturing; and if two
par;; "These " notes are due- $2,000
or more bidders offer tb take 4he
l)ec; 15, 1946 to 1949.
4
same: amoynt of said 'bonds, then
to the 'bidder or bidders offering
Long Branch, N., /.
Bond
Offering
J; I Arthur to pay therefor the highest addi¬
'Wooding, City Clerk, will; receive tional, price. In addition ito Hhe
^sealed bids Until 3 p.m.: (DST) on ampunt bid, the purchaser must
•Aug. 27 for the purchase of $320? pay accrued interest at .the rate
B00 hot to exceed; 6 interest tou-' bprne by, the Solids Hrbm the date;
of .tbe bpnds tto* ttie date of pay¬
pon or registered jetty extension
bonds.
Dated Aug. 1, 1946; - In¬ ment of Hhe- purchase price. - The
.
.
,
Denomination .$1*000.
Due Aug. 1, as follows: $17,000 in
:|L947 to 1959, $20,000 in 1950 to ,1955,!
$25,000 in 1956 to 1960, and $24,000
in 1961. Rate of interest to be in;
terest F-A.
successful
bidders
will- be
fur¬
nished with the
opinion of Rogers
.& Sim, of Point Pleasant Beach,
that the bonds are binding and le¬
gal obligations of the Mayor and
Council. Enclose a certified check
multiples of one-eighth: or; onefor „2%
of the amount bid for,
twentieth of 1%, and must be the
same lor all of the bonds. r Prin¬ payable to ,the Mpyor and Coun-
cipal and interest payable at the
No pro¬
posal wil lbe considjsred which
specifies a rate higher - than the
lowest rate .stated in- any legally
City treasurer's office;
,;\v
^,
WalUngtpn,
Issue Bonds—The
to enter .the
subject to the leyy of ad valorem
taxes to pay said bonds and in¬
terest; thereon without limitation
as
to rate
ing
or
opinion
amount.
: ' •
;
r
borough plans
.market with
an
The apprpy-
of
check; for 2% of the ampiir^ pf.
bonds bid for, payable to ' the
Board of Trustees.
issued
the Port
confronted with
of
ment
the
terminal
and
trans¬
portation facilities of the greatest
port in the world, without credit,
without
revenue
and
without
to tax.
"It is a tribute to
predecessors on the Board and
power
our
to ,the Htble and determined .men
who built our staff that the Au-^
thority, under such a financial'
handicap, did not. degenerate into
just another anemic, ineffectual
commission," the Commissioners
continued.
' - 1 '
:
-
The
regional obligations of the
Port Authority were emphasized
in the letter,to the Governors, and
v
Commissioners
the
the
said:
"From
nature of our duties
very
as
Commissioners
under
a
Bistate
commitment to the regional de¬
velopment of the whole Port area,
it follows that
as
we
do not function
Commissioners for the
opment
of
the
develr
New .Jersey part
pf the area alone, or as Commis-r
siipners fdr the development of
the New York part of the area
alone. Rather .each Commissioner,
from whichever State appointed,
functions as a Commissioner for
the
development of the whole
region.
Any approach that at¬
tempted to match facilities,
a
brick for a brick, in New Jersey
and New York, would be the anti¬
thesis of the regional development
sulted in the construction
over
the
cation Baw.
Provision for the
past twenty years of new port
Validation of said b.onds provided
projects representing a capital inr;
in Title 6 of Article 4 of
^e Local vestment pf over $300,00.0^090;
$
Finance Law Is Being cbmplied
ft was pointed out that in many
With.
In the event that prior to
the; delivery of .the bopds the ih- case$ pf prbpef Aathoi^y iEinancsCQmeVreceived by private holders ing, the projects are marginal in
from Bonds of the .same type and
character shaB be taxable by the
terms Qf any Federal income fax
law, the successful bidder mayi ,at
his election, be relieyed of; his
obligations under the contract to
purchase the' bonds and. in ' such
case
the deposit accompanying his
bid will be returned. The approv¬
ing opinion of Vandewater, Sykes
$c Heckler, of New York, will be
furnished to the purchaser with¬
out cost, Eqciose a certified check
With jthe aid of, the im^
and advantages of op¬
Authority, the
projects
h61d
the
"reasonable
prospect of sufficient fevefnues to
pay their operating costs and in¬
terest charges and to repay their
capital investment,-'f- but hold no
real prospect of profits. The rev»?;
enue potentials are neither attract
tive enough for private financing,
nor so meager as to require gen¬
eral tax support"
nature.
mUnities
eration by a public
.
Traffic
payable tp the Dis¬
Continuing its recovery from
New York Authority, N. Y* ^eVetal years Pf light traffic,; the
Revenues in f945 Exceed Preyi- total traffic: volume - for .the; six
Aus Yofr's Incomes—The GommisV Port Authority crossings in 1945
Port fif
ciphers' pf Thie Port of; New;York
Authority in their annual report
Fallsburg, South Fallsburg
Wfiter District (P. D. South
Fallsb.urg), N. Y,.
for 1945 released
vehicles,- an in¬
2,838,000 or 10.4% over
the 27,235,000 vehicles that used
was
30,073,000
crease
of
Aug. 12, review¬
pf progress in their -ac¬ the facilities in 1944. ; Traffic for
tivities, which included the { de¬ the year over the Holland and
velopment of essential terminal Lincoln Tunnels and the George
and .transportation. facilities and Washington Bridge, spanning the
the promotion and protection of Hudson River, and the Bayonne
the commerce of the Port -of New and Goethals Bridges and Outera
basis of about 1:636%;
Dated York. The
report, which Included bridge Crossing connecting Staten
Sept. 1, J946 and due on Sept. 1 a letter io
Governors Thomas E. Island whh the New Jersey main¬
from 1947 to 1976 incl.
Among Dewey pf New York, and Walter land was {527,00.0 vehicles under
other bids were the following:
E; Edge pf New Jersey, revealed the last peacetime year, ;1941. The
C. F. Childs & Co., and Sherwood
a
10.4% increase /over 1944 in increase in traffic over the pre¬
&;G04 jointly, 4.70%; 100.59; Ma¬ traffic for the six Port
Authority vious year coincided with the lift¬
rine
Trust -Co., Buffalo,' 1.70s,,
ing of restrictions against the use
crossings.
100:264; National Bank, Liberty,
In their letter to the Governors Uf gasoljne on Aug. 16,1945.
; :
•1.75s,$100,059; John C. Clark & the Commissioners said: "Despite
Toll revenues for; 1945 were
Co., 1.80s, 100.157.
r, severe curtailment of traffic in
$17,519,000, an increase of $1,530,7
Hempstead and North Hempsjtead, 1942, 1943 and 1944, the Port Au¬ 000 or 9.6% over 1944. Although
Bond
Sale—^-The- $42,000
Water
System, bonds offered Aug. H5-rv.
164, p. f87.(4~-were awarded to
Newburger, Loeb & Co., of New
York, at 1.70s, $t a price .of 100.65,
ed ;a yegr
,
-
New Hyde Park Fire Dist.
thority
(P. O. New Hyde Park), N. Y.
JfoWowing issue
i of. 1946, fire house Bonds amount¬
ing
{offer¬ Sale
to
$110,000
on
Aug. 13—v. 164,
and pfferqd
p.
for
738-.-
acceptable - proposal. .Bach *.pror ing of $25,000 "street improyeipent' were awarded to Francis ,,I du
jppsal must state ,the amount bid bonbs.
;.;
\
-I Boqt 6lCq', pi: New York, as l*40s,
are
was
the States' mandate to go forward
with the -comprehensive develop¬
pursuant to the: constitution,/and
statutes
of the State,
including
among others, the Education Law',
and the Local Finance Law, for
the purpose of construction and
equipping a new .school building.!
the period of probable usefulness
of the whole Port area that is
of which is 30 years.
The statu¬
intended by the Treaty;"
The fi¬
tory authority to accomplish the
nancing of these regional projects
object or purpose for which said
on a self-supporting basis has re¬
bonds are to be issued is the Edu¬
Hawkins, Dela¬
Wood, of New York City,
Will be furnished to the purchaser for
$24,900;
without. ,cpst. Enclose a certified trict.
field &
Bond Sale-^The
/*
within
OUt-
Community Sch. Dist. No. 8
sealed bids
property
bonds jand Interest thereon^ with- j
limitation as to rate' or
Clarkstown and Orangetown
(P. O. Nanuet), N.
real
of
.and
interest
payable
pt
.the
For 1.40% Bonds
bonds has been - sold - to
Nanuet National Bank, Na.nuet«
CPffin & Burr—I---:—100,08"
•$T. »W* rHorne & Co., of Concord,
The Bopds will Be delivefed at
as l%s.
Hated June' 1,* 1946 and
Fpr li/2% Bonds
Hhe office pfjthe successful Bidder
due serially .bn .June i irom .1947 ,John: C..Ciark 8c *Co.-fl:^-.-100a57 or at the option of the successful
:jto 19^4 ihciv {PrinetofahSihterr H. L. Allen $c Co.—^-lQ0.p,74 Mdderzfth the pffice ;of{ Hywkins,
jest payable at the National ShawDeiafi4d 6c Wood, 67 VVailBtreet,
For 2.20% Bonds
jnut Bank of Boston. Legality apNew York .City, on pr about Bept.
—,—100,263
"proved ' by Ropfes,
Gray,' Rest, Campbell 8c Co.,5,1946. The bonds will be valid
sewer
City.
The Bonds will Be valid
and legally Binding general obli¬
gations of the District, all the
Which will be subject to the levy
ad valorem takes fo pay ;said
NEW YORK
-
Chase National Bank of New York
taxable
to
Julius A. Jlippal, Inc.——-100.Q3
ity approved by-Warren, Wilson &
construction of hospi¬
facilities
($25,000 municipal building and
$24,000 water) offered for sale on held.
Aug. 8 -^-v. 164, p. ^01—were
Bond Sale—An issue of $12,000
Fpr 1U% Bonds 1
equipment bonds was sold recent¬
Fidelity .Union Trust Co.
ly to F. Wt Home ^ijCo^pf Con'r\';N ewark------.^10,0.051
; cord, as 1
Bated* Aug,
1946, J. B..Hanauer & Co._—_._i00;031
to
finance
tals. Such units can operate
.
bonds
funds
■"■•v.
-y
Sale—The
Bond
ter that in its early days,
Authority
,
credit
wvas
.able Vto protept if s
position and emerge into
the reconversion period With suf¬
ficient
sume
financial
strength
to
the -States' work of port
velopment
on
a
re¬
de¬
self-supporting
traffic volume
basis, without burden to the tax¬
toll
payers." Throughout the lean
in
war
was
somewhat less
ip-1945 jthan it -was in 1941, foU
revenues
during the past year
were $461,000 or 2.7% higher than
the $17,058,000 collected in that
previous peacetime year. This is
explained by the fact that a greater
number pf vehicles -in the higher
categories jused the facilities
1945.:.V
'■*^'
■■■■'■
1002
f-'?''
•'
'
:v-:.;^:::;^':;i
; "; "' ' "•■'•' ''
■'' ":"•''■''' '''
'
''
'" '
Operating expenses during 1945
$5,900,500, excluding the
Terminal, as compared with
$4,649,000 in 1944, an increase of
more
than $1,251,500, or 26.9%.(
For the most part-this rise was1
due to increased payments to the
Pension Deficiency Reserve,
an
increase
in personnel resulting
principally from the opening of
reaffirmation of the. vital consti¬
were
tutional
Grain
mental
doctrine
of
immunity,"
New York
City. ~ The bonds are' p. 874—were awarded to a group ■/:'
•:
Avon, Ohio
<■■■■
general obligations payable from headed by F. W. Craigie & Co., of
Bond Sale—The $30,000 munic-»
unlimited ad valorem taxes upon Richmond, at a price of
100.096, a ipal bonds offered Aug. 8-;—v. 164,
real- property
arid have
been basis of about 1.712%, as follows: p. 602—were awarded to
Fox,?
authorized pursuant to the Local
$50,000 water and sewer bonds; Reusch & Co., of Cincinnati, as
! Finance Law for the purpose of
V
For $35,000 maturing March l^s, at a price of 101.093, a basis
financing the cost of construction
1, $2,000 in 1948 to 1962, $5,- of about 1.30%.; Dated Aug. 1,
of a waterworks system in the St.
'••-•'
000 in 1963, as l%s, and $15,1946 and due^ $3,000 on Aug. 1/
James Water District of the Town,
000 maturing $5,000 March 1, from 1947 to 1956 inclusive. Other;
and such improvement is an ob¬
1964 to 1966, as l%s.- /: /
bids also for l^s, were as fol¬
;
ject or purpose for which the
180,000
s t r e e t / improvement lows;
'
§
Town Law authorizes the Town
;
bonds as l%s. Due on March
Bidder
Rate Bid
to spend money.
The period of
; 1 from 1948 to 1962 inclusive.
J. A. White & Co.
100.93
probable usefulness of such object
Each issue is dated Sept. 1, 1946.
Braun, Bosworth
?
or purpose is 4P years/! The pro¬
An
account / headed
& Co., Inc. ^^-Z.^-100.39; *
by
Scott,
cedure for the .validation of the
Horner: &
Mason, second high
R,yan, Sutherland
j
bonds
provided. in Title 6 of
bidder, offered 100.382, a net cost
&: Co. *k»«*i»*i.'«M.i.d;;100.35
Article 2 of the Local Finance
of 1.718%, for $8,000 6s, $14,000
Law Will be complied with.
No iy2s and
Bowling Green City. ScA,. Dist., \
$208,000 1%S.
'
down payment is required by law.
Ohio '■://■■
In the event that prior to the de¬
Greenville, AT. C. /■;/////
Bond Offering—W. H. Gernet,
Bond Sale—The $220,000 street Clerk of the Board
of Education,
livery of the bonds the income re¬
ceived, by private holders from improvement bonds offered Aug. will receive sealed bids until noon
13—v. 164, p. 874—were awarded on
bonds of the same type, and char¬
Sept, 9 for the purchase ot.
acter i- shall;, .be; taxable by the to the Commerce Union Bank, of $298,000* X*A% / building
bonds*
Nashville, and Goldman, Sachs & Dated Jan;
terms of any Federal. incQmq fax
1, 4947,;/ Denomina-t
Co.;'of New York, jointly, at: a tion $1,000. Interest M-S. Due
law, the successful bidder may; at
his election, be relieved of his price of 100.01, a net interest cost $10,000 March and Sept. 1, 1947
of 1.56351%, as follows: For $20,to 1949, and; $7,000 March arid
obligations under the contract to
000 maturing
$10\000 March 1,
purchase the bonds and the de¬
Sept. 1,1948 to 1966. Bidders may
1949 and 1950, as 4s, and $200,000
bid for a different rate of in-*
posit accompanying his bid will
be returned* The approving opin¬ maturing March 1, $10,000 in 1951 terest in a multiple of % of 1%.
to 1953, $15,000 in 1954 to 1959,
ion of Caldwell, Marshall, Trim¬
These are the bonds authorized
intergovern¬
v j
-
"A
major financial devolpment
of the year was/ the; successful
flotation in September, 1945 of a
new type of Port Authority bond.
This General Reserve Fund bond,
issued for the financing of the
Authority's Manhattan and New¬
the North Tube of the Lincoln ark
terminals, was made con¬
Tunnel on Feb. 1, the restoration vertible into General and Refund¬
to, service of the 178th Street ing bonds upon the
;1 opening : of
Tunnel on Nov. 9, and an expand¬
the projects.
The resultant sav¬
ed port development and promo¬
ing to the Authority on this issue
tion program*
y
*
is estimated at
Survey v/^ :-/./•'
A
request
Newark
survey
that
from
the
City
of
Port Authority
the
the possibility of
the fi¬
nancing, development and admin¬
istration by the Authority of the
Newark
Airport
and
Seaport
reached the Commission just be¬
fore the end of the year,-and re¬
,
-
■
,
minimum of 8%.
,
On
Newark Airport and Seaport
/ "7/!
a
'
;
March 28, an issue of the
Authority's Ninth Series General
and Refunding bonds, aggregat¬
ing $12,000,000 in principal
amount, and bearing a coupon
rate of vi%%, was sold at 99.15
of par value, or an average inter¬
est
cost
to1 the
Authority
of
1.534% ; This was the lowest; long/
-
term interest cost which the Au¬
sulted in the presentation to New¬ thority had enjoyed in its nine¬
ark only ten days ago of a pro¬ teen years of financing; port and
It is believed
posal that would include the $76,- terminal facilities.
to be the lowest long-term inter¬
000,000 devolpment of the great
est rate ever accorded by any selfterminal facilities by the bistate
municipal
Agency; The proposal, now being supporting/state / or
studied by the City officials, has agency in, the" history of Ameri¬
can' municipal borrowing.
the wide / support of important
One the same
day, Series H
Newark citizens - and'eivic and
-
.
and
$20,000 in 1960 to 1963, as
Second high bid of 100,196
$110,000 l%s and $110,000
General
Reserve. Fund
Serial
business groups.
y
■
IVzs, a net cost of 1.56361%, was
Notes; aggregating $14,000,000 in be delivered on or about Sept. 10,
On Aug. 2, three days after the
made by/ a syndicate, headed by
principal amount, and bearing in¬ 1946, at the office of the above
Authority proposal was submitted
F, W. Craigie & Co., of Richmond;
terest at. the rate of 1%, ;Were attorneys, or at such other plape
to ' the
Newark1 Commissioners,
Note Sale —The $30,000 bond
sold.
The issue of Series J "con¬ as may be specified by the pur¬
Mayor William O'Dwyer of New
vertible" Terminal Bonds were chaser and approved by the Town anticipation/ /notes / offered / the
York requested the Port Authori¬
sold/on Sept. 12, in an aggregate Supervisors.
Enclose a certified same time were awarded to'the
ty to make a survey of the pos¬
principal amount of $7,500,000, check for $6,300,; payable to the Guaranty ; Bank/ 85/ Trust r Co., of
sibility of the financing, develop¬
Greenville,/ as Is, at par plus a
Town.
bearing a coupon rate of 1%%.
ment and administration by the
■v.'Vv
fi"!?"X[
siyf'CisXffc': premium of $33.33.; Dated
Aug.
The Port Authority on June 23,
Westchester: County (P. O. White
Authority of LaGuardia and Idle20, 1946 and due Dec. 20, 1946.
1945, offered to repay a total of
WUd Airports. At a special meet¬
Plains), N. Y.
$8,300,000 advanced by the States
Henderson, N, C.
ing of the Board on Aug. 8, the of New
Bond Offering — John T. ConJersey and New York
Note Sale—The $20,620 coupon
Port
Authority; Commisioners
Commissioner 1 of Finance, bond
from 1926 to 1928 to aid in the nell,
anticipation notes offered
Idok favorable action on the re¬
construction of the Staten Island will ;receive/ sealed / bids/ until
Aug. 13 were awarded to the First
quest, and directed the Staff to
noon (DST) on Aug. 21 for the
bridges.
"Under existing legisla¬
National Bank of Henderson, as
begin immediately a $95,000 sur¬
tion, these advances were to be purchase of $560,000 not to: ex¬ 0.90s, at a price of 100.024, a basis
vey which it is expected will take
ceed 4 % interest coupon or regis¬
repaid only out of the revenues
of about 0.884%.
Dated Aug. 1,
at least three months to complete.
of the three Staten Island bridges, tered bonds, divided as follows:
1946 and due Aug. 1, as follows:
:;;"The Newark and New York and repayments are contingent $180,000 park bonds. Due Sept. 1,
$10,620 in 1947 and $10,000 in 1948.
requests for the possible admin¬
upon/^conditions.rwWdh'./Aiafce^it'.' : 1 as follows: $40,000 from 1947 Notes issued in anticipation of sale
istration of these ; great regional
to 1950 incl., and $20,000 in of fire alarm
impossible to. determine at the
system bonds. Legal¬
terminal facilities by the Port Au¬
1951.
present time when their repay¬
ity approved by Masslich & Mitch¬
thority are an acknowledgment of ment, would be required," the
380,000 county airport improve¬ ell of New? York; Second high bid
the importance of a regional treat¬
Commissioners reported. "We ad¬
ment bonds. Due Sept. 1; as of 100.145-for-Is was made by
ment of air transport in the Port
vised the Governors of the two
follows. $80,000 from 1947 to R. S. Dickson & Co.
District/? • the
Port
Authority States, however, that the Port Au¬
^
1950
inch, and $60,000 in
"Such ac¬
Commissioners stated.
Wingate, N. C.
thority; has
always / recognized
1951.
Bond Sale—The $50,000 water
knowledgment is a long step for¬ that these advances and the prob¬
All of the bonds will be dated
ward in the advancement of the lem of
bonds offered Aug. 13—v. 164, p.
their contingent repay¬
Sept. 1,1946. Bidder to name one 874—were awarded to J. Lee
Port of New; York 7 as a great
ment should be approached from
rate of interest; expressed in a Peeler &
world air center." /
7//7:/7M'7 the broad standpoint of the rela¬
Co., of Durham, and the
multiple of
of 1%. Principal Vance Securities Corp., of Greener
tionship between the two States: arid interest
Financial
(M-S) payable at of¬ boro,/jointly, at par, as foljows:
as principals in the great task of
v "Twice
fice of the Commissioner of Fi¬ $
during 1945 deeisions of
j0,000/2% s, due $1,000 Jlarch 1
developing the Port, through their
ble &
Mitchell, of New York City,
will be furnished to the purchaser
without charge.
The, bonds will
IVzs.
for
i.
.
•
at the primary election on May 7l
No bids for less than par and ac-fc
erued interest./ The Board wilj£
receive bids at auction at the times
and
place of the opening of the
sealed,
bids
aforesaid
bonds, and the
same
for
said
will be sold
at the best bid at auction orl by/
sealed
bid;/ provided,
\
however,
that said Board of. Education re*
serves the privileges to reject any
and all bids made at said auction
any and all sealed bids.
En-*
close a certified check for $2,980,
or
payable to the Board of Educa«*
tion.
♦
,
Decatur
Township Locat Sch* Dist»
(P.O. Pedro), Ohio f
.
■iv.
,
>
'
,
the United States Supreme Court
protected the continued financing
of state and municipal projects
/without Federal interference," the
Commissioners report.
nance.
joint State Agency, the Port Au¬
thority." Payment was made to
New York and; New Jersey on
May 27,1946.
//;;/;
;
At the
same
/■' "In January, 1945, the Supreme Authority
Court denied the application of
/the Department of Justice for a
review of the so-called Port Au¬
200,
to
repay
amount
'express purpose; of establishing
the Federal power to tax interest
on all state: and municipal bonds,
September,
/ / In
1945,/the
Su¬
preme Court propounded ques¬
tions to counsel for the reargu•
of
the
case
of t; Saratoga
Springs Authority v. United States
of
America.
"These / questions
ment
"transformed
of
that
from
case
issues into
one
litigation
that might 'determine the entire
constitutional issue of intergov¬
ernmental immunity," /the Port
Authority Commissioners explain¬
narrow
a
ed.
"The supreme Court decided
that
the Federal Treasury might
impose
an
excise tax
on
bottled
mineral water sbld by the
Sara¬
toga Springs Authority.
But the
net result of the several
opinions
of the Court
was
sidered in legal
generally
con¬
circles to be
a
years.
(P. O. Williamsport), Ohio
Sale—The $50,000 school
bonds offered/Aug. 9—v/164/p^
739—were awarded to J. A. White
Bond
& Co., of Cincinnati, as l%s, at e
price of 100.638, a basis of about
1.659%.
Dated July 1,, 1946 and
due semi-arinually from June 1,
1947 to June 1,1961* Second hight
bid of 100.60 for l%s was made
by Pohl & Co.
the
$1*500 March 1 from 1959 to
1966 incl*; $8,000 0,75s, due $2,000
March 1 from 1967 to 1970 inch;
$20,000 3V2S, due $2,000 on March
$500,000 city hospital bonds will
1 from 1971 to 1980 incl. Interest
be submitted to the voters at the
$8,300,000 to the two States, it re¬
imbursed them in cash in the
for
incl.; $12,000 3s,
serially in 16
fellow of New York City will be
furnished the successful bidder/
due
M-S.
NORTH CAROLINA
Bond Sale—The
preliminary
$10,000
coupon
electric light bonds offered Aug.
13—v. 165, p. 874—were awarded
to Kirchofer & Arnold, of Raleigh,
as
2%s, at a price of 100.13, a
basis of about
2.724%, Dated Sept.
1, 1946 and due $1,000
on
Sept. 1
from 1947 to 1956 incl.
Bismarck, North Dakota
Bonds Voted—An issue of $50,000
Defiance, Ohio
Bond
Election —An
issue
of
election to be held in November^
NORTH DAKOTA
Aurora, N. C.
of $300,000
for advances
studies for the
construction of the George Wash¬
of the Federal Government to tax
ington Bridge/ 5 Since 1933 the
the interest received
by bond¬ Port
Authority has not required
holders from state and municipal
state aid in its port program, al¬
bonds."
Known as Shamberg v.
though originally provision was
Commissioner of Internal /Rev¬
made for state appropriations of
enue, the test casp, according to a
$100,000 a year from each State.//
statement issued by the Treasury
Department, was started for the Smithtown,St. James Water Dis¬
thority tax case," they continued.
*The litigation involved the pbwer
payable
from 1949 to 1958
ture
XDeercreek Township<Schi Dish^
to order of " the
county, is required. Legal opinion
of Hawkins, Delafield & Long¬
time that the Port
offered
A certified check for $11,-
Bond Sale—The $20,000 build-*
ing bonds offered July 24 were
awarded to Fox, Reusch & Co., Of
Cincinnati, the only bidder, as
2Yts, at a price of 100.048, a basis
of about 2.493%.„ The bonds ma¬
fire
department
Franklin County (P.
Ohio
Bond Offering—Wm.
equipment heimer,
bonds was authorized at the Aug.
County
ceive
6 election.
OHIO
Alexandria Local ,Sch» Dist,, Ohio
O. Columbus)p
F, Berk-*
Clerk of the Board of
Commissioners, will re*
sealed
bids
until
10
a.m^
(EST) on Sept. 6 for the purchase
of $203,600 not to exceed 2% in¬
terest Sewer District Mifflin No,
1, Trunk Sewer Improvement No»
Bond Sale—The $81,600 build¬
195 bonds.
Dated Oct* 1, 194&
ing bonds offered Aug. 12—v, 164,
trict (P. O. Smithtown Branch),
Denominanqn $1,000, except one
Bond Election—At an election p. 602—were awarded to J. A. for $600.
Interest M-S.
Due
'/Road • Offering—Harry 'E/ Mar¬ on Sept. 14 the voters will con¬ White & Co.,. of Ciincinnati, as $5,600 March and $5,000 Sebt. I,
sider the/ proposed ; issuance of l%s, at a price of 101.91, a basis 1948,/ $5,000 /March and $4,000
tinson, Town Supervisor, will re¬
of about 1.572%.
Dated / July 1,
ceive sealed bids until 11: a.m. $1,850,000
school
Sept. 1, 1949, and $4,000 March
improvement
1946 and due on May 1 and Nov.
and Sept.? 1, 1950 to 1972.
(DST) on Aug. 20 for the purchase bonds.
Rate
1
from
1947 to 1970 inclusive.
of $315,000 not to exceed 5% in¬
of interest to be in multiples of
Denton, N. C.
Second/high i bid of 101.558 for
terest coupon or registered water
y4 of 1%.
Principal and interest
Bond Sale—The $40,000 coupon l%s was made by Fox, Reusch &
works system bonds.
Dated June
payable at the County Treasurer's
water bonds offered Aug. 13—v. Co., of Cincinnati.
J
^
office.
A complete transcript of
1, 1946. Denomination $1,000. In¬
164, p. 874—were awarded to the
terest J-D.
Due June 1, as fol¬
all proceedings had in the matter
Ashland, Ohio
Carolina Bank & Trust Co., of
lows: $6,000 in 1947 to 1958, and
authorizing / advertising ; and
Bond Offering—The Director of of
Denton, at par, as follows: $10,000
$9,000 in 1959 to 1985.
$180,000
Finance will receive sealed bids awarding said bonds will be fur-*
2y2s, due $1,000 on June 1 from
of said bonds maturing in 1966 to
nished the successful; bidder at
1948 to 1957 incl., and $30,000 3s, until noon on Aug. 28 for the pur¬
the time of the award, and bids:
1985, will be redeemable as a
due $2,000 on June 1 from 1958 to chase of $5,500 3 % street improve¬
whole or in part, in the inverse
Dated Sept. 1, 1946. conditioned on the acceptance of
1972 incl. / The bonds' are dated ment bonds.
order of their numbers and ma¬
These bonds bonds bid upon only upon the
June 1, 1946. Second high bid of Denomination $500.
turity at the option of the Town,
approval of said proceedings by
are due on Oct. 1, as follows: $500
par for $10,000 2%s, $20,000 3s
on June 1,1965, or on ariy interest
the attorney of the bidder will be
and $10,000 3%s, was made by J. in 1948 toT956, and $1,000 in 1957.
payment date thereafter. Rate of
accepted and considered .and a
Lee Peeler & Co., and Vance Se¬ Bidders may bid for a different
interest to be in multiples of %
reasonable time will be allowed
curities Corp., Greensboro, jointly rate of interest in a multiple of
or one-tenth of 1% and must be
Y4 .of .1 %..., No. bid.for less than the successful bidder for the'ex¬
.<1,
the "same for all Of the bohds;
.y
Farmviile, N. ■ C. ^ •'
par and accrued: interest.
En¬ amination of said transcript before
Principal and interest payable'at
Bond Sale—The $230,000 cou¬ close a certified check for $100, requiring
compliance with the
Cleveland County (P* O. Shelby),
North
Carolina
.
.
the Chemical Bank & Trust
Co.,
pon
bonds offered Aug. 13—v. 164, payable to the City.
terms of the notice of sale or any
bids
delivered
be
,'liBonds
thereunder,
made
•will
free of
charge
bank-designated in the City
to any
of Columbus.
Purchaser must pay
charges, if any, for delivery outside the City of Columbus.
En¬
close
check for 1%
certified
a
v*the par value of all the
of
bonds bid
|? for.
Plains Local Sch. Dist., Ohio
,
was
rejected at the Aug. 6 elec¬
•
Racine, Ohio
•Hayden,v Miller & Co., of Cleveland,
as
IV2S, at
basis
a
price of 100.67,
about
of
ported in
1.44%, as re¬
875—are dated
164,
v.
p.
,
Passed—An
ordi¬
nance
Bond Issue Details—The $350,construction bonds sold to
000
a
July
15, 1946, in $1,000 denomil$/-; nation, and mature as follows:
$7,000 on Jan. 15 and $8,000 on
/ July 15 from 1948 to 1965 inclu¬
sive, and $8,000 on Jan, l and
July 1 from 1966 to 1979 inclu¬
sive.
Principal and interest (J-J)
payable at the Franklin National
was passed recently
by the
Village Council calling for an is¬
sue of water works system bonds
to be submitted to the voters at
special
election,
in
regards
a
to-a
Reading, Ohio
-
Bonds
Defeated
An
—
issue
$140,000 Improvement bonds
yVv\
defeated at
a
of
was
recent election.
""Bond
-J
"Will receive sealed bids until noon
Sale—The
$127,000
un¬
Aug. 7
164, p. 603—were awarded
to Braun,: Bosworth & Co., Inc.,
Toledo, as l^s, at par plus a
total premium of $263, equal to
—v.
of
100.207,
a
basis of about 1.478%.
$100,000 incinerator bonds.
Due
$5,000 on Jan. 15 from 1948 to
incl.
bonds.
-
$27,000
-.Due
storm sewer
Jan. 15: 41,000
on
from 1948 to 1968
bonds
are
dated
July 15, 1$46.
,Aug. 30 for., the, .purchase; of
South. Euclid-Lyndhurst City
$150,000 2% building bonds. Dated
School District, Ohio
Sept. 1,1946v Interest J-D. Denqm.
Bonds Not Sold-*-AU« bids' for$1,000. Due $3,000' June; and; Dec, the.
$916,000 2% building bonds
1/ 1946 to"l97?; .Bidders rniay}bid offered
Aug; 13-r-v. 164, p. 603-r* for a
different^rate of interest in were
rejected.'
' ;-'a multiple of 'Vi ot 1%..
These
- - bonds are/payable from.unlimited
Tiltonsville, Ohio,
on
.
•
.
;
..
'
'
,
w -
taxes.
«
.
No bids. for less than par
^nd accrued interest; The approv¬
*
;
Bond
OfferingT-Eugene E. Bess,
Village Clerk, will receive sealed
opinion of Peck, Shaffer, A bids until noon on Aug. 30 for
^Williams, of Cincinnati, will be the purchase of $4,935 hot to. ex¬
furnished." No conditional bids ceed 4% interest street assessment
ing
;?.
will be received.
;; ;
a
certi¬
bonds.
Dated
July lv 1946. - Inter
est; 'J7D..T Denomination/ $1,000,
; bid for, payable to the Board of one jor $935. Due. Dec, 1,. as fol¬
fied
:
Enclose
check for-1%
Education.
of .the /bonds
lows:
/
...
North Canton,
Ohio
Bond
Sale—Fox, Beusch & Co.,
Cincinnati* ..were -awardedvori
! ©f
July 19 an issue of $15,000 fire de¬
partment
equipment
bonds
as
at a price of 101.023, a basis
of about 1.375%. Dated June • 1,
1946.
Denomination
$1,000
on
$1,000.> Due
June 1 from 1948 to'1961
Inclusive.
Interest J-D.
Other
bids: 'Ryan, Sutherland & Cq?,
l^s,' 100.593; J. A. White &• Co,,
%%s, 100.46; Provident Savings
V
Bank & Trust Co., 2s, 100.673.
Ohio (State of)
Special Session to Consider Tax
Revision—Proposed creation of
commission to make
study
Ohio's
of
a
exhaustive
an
taxation
State
-structure; with a view toward re¬
visory action by the 1947 State
Legislature, is among the issues
scheduled to be brought before a
special State legislative session to
.convene Aug. 20, at the call of
^Governor Frank J. Lausche.
.
Governor Lausche's proposal to
create
tax
study commission
777 came as an answer to the finan-*
cial
plight of many of Ohio's
larger cities which have been con¬
sidering various means of raising
>
a
,
additional
for
revenues
general
operation,
cated that such
collected
method
$1,000 in 1947 to 1950, and
$935 in 1951. Rate of interest to
be in multiples of.
of 1 %V No
Said bonds with all
attached
coupons
unma¬
by
of
a
study of taxes
State, and the
distribution:, might
the
.
for
redemption
and
payment to the Philadelphia Na¬
tional Bank, fiscal agent of the
City. Bonds registered as to prin¬
cipal alone or as to both princi¬
Lausche 7 also
an¬
that the special legisla¬
session' would
be
asked
and accrued
interest. A certified check for 2%
of the amount bid is
required.
(These bonds
on
are part of the total
$930,000 unsuccessfully offered
July 15. At that time, the sole
bid received
was
to
chase of $30,000 coupon, registerable as to principal only, school
bonds. Bidder to name
one
Jackson County Sch. Dist.- No. 49
(P. O. Med ford), Ore.
study
State
employees'
salary scales.
Bond
Pepper Pike (P. O. R. F. D.,
Chagrin Falls), Ohio
Tenders Wanted—Ruth B. Fara-
gher, Village Clerk, will receive
sealed
on
of the
following
interest
rates:'
1 %,
1V4%, l1/2%,:;i3/4%, 2%,:2y4% or
2y>%.
The
Sept. 1,
*
Due
bonds
1946.
will
be
dated
Interest M-S.
Bonds Approved
■/,
Recorder,
\
/
B.
will
sealed bids until 2
p.m.
water
-
bonds.
Due
on
in
works
revenue
Sept. 1, 1946. De¬
$1,000. Interest M-S.
1, as follows: $10,000
Sept.
proved
by
General.
receive
(EST)
Dated
nomination
/ :1;;
An issue of
—
$20,000 2y2% street improvement
refunding bonds has been api-
i'V >
Clark,
Aug. 23 for,the purchase of $300,000 series A not to exceed
3%
interest
Texas,
"
the
State
Attorney
Dalhart
Sch.
Dist.,
Texas
;
■Bonds
.
to
,
Defeated—The
issue
proposal
building bonds
$100,000
defeated
was
at the
by a small margin
Aug. 8 election.
;oU
1949
-
-'
to
premium of $251
On br after
1, I960, arid prior to March
ly 1966, a premium of $15. - On or
a
March
after March 1,
1966, and prior to
premium of $5." ~ ;
Bidders are requested to harrie a
maturity,
rate
or
*
-
-
a
not
than-
more
three
Funds
Oct.
callable in whole
or
in part at par
interest
accrued
v
ceived for the entire
of the above rates of
bid
no
rates
interest
to
pay
;; .v
/
Bonds Voted—An issue of
was
favor^-
,
y4 of 1%, and no single maturity
r
.
k
$10,-
ably voted at the election held
;
;
.on
»",
Electra, Texas
Bonds Purchased
—
The
followf
ing bonds-amounting to $145,00(1
were
purchased recently by. the
issue at any sults in the lowest interest cost to
First, of Texas; Corp.,
of San
the Town,
and delivery of the
interest, but
Antonio, as 3%s:
combining; two different,
of
available
000 construction bonds
Sept.
on
now
Denison School District, Texas
1, shall have more than one rate.
1953, or on any interest paying The bonds Will be awarded to the
date thereafter. Bids-will be re¬ responsible bidder whose bid re¬
and
are
1, 1946 interest."
AugUSt' Z.
$2,000 Sept. lf 1947 to 1961, rates of interest in multiples of
will
be
cort-
bonds will be made at the Hamil¬
National
ton
KnoxVille.
Bank,
sideredr Said bonds; and the in¬
terest * thereon will be
payable
Premiums will be taken into con¬
-
sideration
in
computing
interest
without deduction for any tax or
cost
taxes, except succession or inheri¬
tance
taxes,-now or hereafter
mine which of two identical bids
levied
$60,000 refunding bonds.
85,000 water and sewer
only
if
to
necessary
deter¬
results in the lowest interest cost.
.
system
bonds.
M These bonds
The
or
assessed
present
any
or
thereon under
future law of the
tenders
until
noon
(EST)
Sept. 9 for the purchase of re¬
Sale—The
bonds offered
$50,000
1956 incl.
awarded
of
Townsend,
favorable
opinion
Elliott &
Munson,
of
Philadelphia/ and will be de¬
livered to the purchaser
only if
and after the
izing
tified
school
Aug. 13—v. 164, p.
as
iy4s, at a
price of 100.228, a basis of about
1.203%.
Dated Aug. 15, 1946 and
due $5,000 on Aug. 15 from 1947 to
739—were
subject to the
the
proceedings author¬
issuance thereof have
by the Department
of Internal Affairs. Enclose
aged and to establish a commis-
-
Erwin,' Tenn.
Offering — E.
City
was
electioijy
and 1950, $11,000 in 1951
Dallas City and County Levee >
1954, $12,000 in 1955 to 1958,
; '; Improvement District, Texas <;
$13,000 in 1959 to 1962, $14,000 in
Refunding Substantially Comf
1963 to 1965, $15,000 in 1966 to
pleted —The Bondholders' Com¬
pal and interest must be accom¬ 1968, $16,000 in 1969 and 1970, and
mittee, secretary of which is W. IX
panied by appropriate instruments $17,000 in 1971. Bonds numbered
Bradford,
115
Broadway, New
54 to 300,
inclusive, shall be call¬
of assignment executed in blank.
able for redemption prior to ma¬ York 6, N. Y., announced under
Interest ceases on date called. ;7
date of Aug. 6 that the
exchange
turity at the option of the Town
of
new
VpperMakefieldTownship
refunding; bonds, dated
in
inverse
numerical
order
on
Oct. .1, *1945, has 'been substan¬
Sch. Dist. (P. O. Dolington,
March 1, 1953, or on any interest
Newtown R. D. No. 1), Pa.
payment date thereafter at par tially completedf The district was
Bond Offering
George M. plus accrued interest and a pre¬ recently able to retire $300,000
bonds
at
an
average
price of
Ashton, > District Secretary, - will mium for each bond so called,y as
53.83%, thus reducing its prin¬
receive sealed bids until 7 p.m. follows: On or after March
1,
cipal indebtedness to $5,700,000.:
(DST) on Aug. 26 for the pur¬ 1953^and prior to March X, 1960,
been approved
rejected.)
OREGON
to
Bond
were
the election held
are
authorized
on
at
July 30 and
due in 20 years.
"
man
issued
pay par
Increase the aid for the blind and
sion
Bay
:
$200,7
&
,
of
Governor
l%
authorized at the Aug. 3
—
taxes direct.
.
be
must
,
tive
$99,500
water -.works
and
sewerage bonds.;;
-v';,;.;'V
^
\
..
agreeing to
nounced
Bonds Voted—An issue of
000 ; construction
bonds
ing
Town
Independent
Dist., Texas
Sch.
■■
scheduled to be held in the near
future on the proposition of issu¬
approving opinion of Chap¬
Galveston, Texas •; y
'
Cutler, of Chicago, will be
/Bond
Offering — Mildred
M.
Commonwealth, all of which taxes furnished. Principal and interest
the District assumes and agrees to payable at theV Central Hanover Oser, Secretary of Board of Com¬
for $200, payable to the Village
will
receive
sealed
Bank
&
Trust
Co., New York missioners,
pay. The bonds will be sold to the
Treasurer.
bids until 5 p.m, on Sept. 5 for
Enclose a certified check
highest responsible bidder, pro¬ City.
the purchase of $1,000,000 series
vided such bid is not less than par for $6,000 payable to. the Town
Warren, Ohio
E
coupon school
bonds.
Dated
Ordinance Passed
The City and accrued interest. The highest Treasurer.
Nov. 1, 1946. Denomination $1,000.
Council recently passed an ordi¬ responsible bidder shall be the one
Tennessee (State of )
Due $20,000 in 1947 to 1950, $25,nance calling for the issuance of
who, having compiled with, the
Tax Collection ,Data—The tax
000 in 1951, $30,000 in 1952, $35,conditions of
the
incinerator
and
sale,goffers; fi',:^ take collections of federal, state/ county, 000 in
equipment
1953, >$40,000* in 1954 and
the whole anioiint of the" issue.' at
bonds amounting to
lahd ^municipal
government in 1955, .$50,000 in
$222,000, that
1956,b$55,000 in
the lowest ijriterest cost to the
were favorably voted at the' elec¬
Tennessee » for' the - fiscal
year 1957 to
1959, $60,000 in 1960 ta
tion held in November, 1945,
municipality, which shall be de¬ ended on June 30, 1946, aggre¬
1964, $65,000 in 1965 to 1967, and
termined by deducting from the
gated $503,140,075, as compared $40,000 in 1968.
These bonds are
total amount of interest to be paid
OKLAHOMA
with collections of $496,487,628 in
part
of; the
$1,900,000
issue/
on account of such bonds
during the preceding year, according to
authorized at the election held oh
AltuSfOkld.
the life thereof, the amount of
a
report just released by Ten¬ May 21. Bidders to name the rate
Bond Offering—Ethel
Williams, premium offered if any, over and nessee
Taxpayers Association.
of interest in multiples of onesCity Clerk, will receive sealed above the face amount of the is¬
The revenue collections of the tenth or
bids until 8 p.m. on Aug. 26 for sue. These
% or 1% and not mope
obligations will be pay¬ State of Tennessee for the
year than two interest rates
the purchase of $321,000 bonds, able from ad valorem taxes within
may, be
amounted to $68,798,065, an in¬
divided as follows:
specified.
Principal and interest
the taxing limitations imposed
by crease of $13,159,837*
payable at the City Treasurer's;
$163,000 sewer system; extension law.; upon school districts of this
Collections for the Tennessee
office, or at the National : City
bonds. Due as follows: $10,000 claSs, The enactment, at any time
Unemployment Compensation Bank of New York.
No bid for
from 1949 to 1963 incl., and prior to the delivery of the bonds,
Trust Fund established for com¬
less than par and accrued interest.
of Federal legislation which in
$13,000 in 1964.
pensating" involuntary, unavoid¬ The bonds are offered for sale
terms, by the repeal or omission
121,000 water works extension
able unemployment, amounted to
subject to the approval of the At¬
of exemptions or otherwise; sub¬
; bonds. Due as follows: $8,000
$18,605,167 iii fiscal 1946, as com¬ torney-General, / and of x Wood,
from 1949 to 1962 incl., and jects to a Federal income tax the
pared with $21,823,143 collected Hoffman, King & Dawson, of New
interest on bonds of a class or
in the preceding fiscal year. The York
$9,000 in 1963.
City, whose opinion will be
character which includes these
Tennessee Unemployment Com¬ furnished
37,000
warehouse construction
by the City, which shall
bonds, will, at the election of the
and' equipment bonds. Due as
pensation Trust Fund, during the also, at its own expense, cause the
purchaser/ relieve the purchaser
10 years since its creation in De¬
follows: $4,000 from 1949 to
bonds
to
be / lithographed
from his obligations under the
or
1956 incl., and $5,000 in 1957. terms of
cember, 1936, has accumulated a printed and; duly/executed and
the contract of sale and
reserve of $87,537,567.
This shows approved and with reasonable
Each issue will be, sold sepa¬ entitle the purchaser to the re¬
an increase during the past year
rately, and to the bidder. Naming turn of the amount deposited with
promptness after the acceptance
of $7,754,292.
;
the lowest rate of interest and the bid. These bonds are
;
,
' ; of the bid and date of the bonds
bids for less than par and accrued
interest. Enclose a certified check
point to the possibility of the State
vacating certain fields of taxa¬
tion with the view of allowing
local governments to collect such
,/■
;
Aransas Pass
.
,
The Governor had earlier indi; ; ;
16, 1946.
Bonds : issued
16, 1922, to mature Oct. 16,
1976, although optional Oct. 16,
Oct.
presented
incl., and $1,500
/ Bond Offering-r-John G. Hite,
from 1969 to 1972 incl.
All of the
Clerk of 'the -Boardvof Education,:
;.
Oct.
oil
tured
limited tax bonds offered
1967
ffeu) Vienna ,Local Sch. Ditt., Ohio
600, have been called for payment
-
3ank, ; Franklin^ ^Xegalitjf !ap-: Bidding -for all or none, the "suc¬
proved by Peck, Shaffer & Wil- cessful bidders offered a premium
of $207 for the
liams of Cincinnati.
'"
$100,000 issue and
$56 for the $27,000 issue, the
j
LynchburgSch,Di*t.,Ohio
bonds being described as follows:
>
Bond Call—William W. Felton,
Clerk of Council, announces that
41/4% bonds aggregating $5,840,-
project to cost $95,000. 7/v77;7>77 1946.
"
7
,
TENNESSEE
Ordinance
,
r,
An issue of
—
$30,000 sewer main bonds was
purchased recently by Schmidt,
Poole & Co., as Wzs, at a price of
100.512.
are
Fratnklin-Sch. Dirt., Ohio
■
Bonds Purchased
TEXAS
<
Willow Lakes, South Dakota
Bond Election — An election is
;
Philadelphia, Pa.
the bonds originally
scheduled to be sold on Aug. 30.)
.
,
Pennsylvania
7/.7;
?
1003
SOUTH DAKOTA
;
O.Allentown),
tion.
i(These
•
,
Bonds Defeated—A proposed is¬
sue of $21,000 construction bonds
PENNSYLVANIA
Fountain Hill (P.
.
5;;
funding bonds, dated Jan. 1, 1940.
More than $5,000 is available for
the purchase of such bonds at a
price not exceeding par./777777
)£i fc
:
THE COMMERCIAL & FINANCIAL CHRONICLE
[Volume 164 ? Number 4517
check
amount
the
of
for
the
2%
of
a
the
cer¬
face
bonds, payable to
District Treasurer.
The tax collections of Tennessee
counties, cities, and towns are as¬
on
a
estimated
Abbeville,
S.
C.
Bonds Not Sold—The $175,000
refunding electric system refund¬
ing bonds offered Aug. 6—v. 164,
p. 604—were not sold.
a
for
1946
fiscal
"
lows:
County
collections
as
fol¬
.
$54,148,318
compared with $51,441,493 for
the year before.
The cities and towns in Ten¬
as
nessee
1946
SOUTH CAROLINA
calendar instead of
fiscal year basis, but are
certained bit
had
collections
estimated
at
in
fiscal
$37,031,222,
made
in Tennessee
collections
in fiscal 1946
$324,521,303, as com¬
pared with $332,791,513 in the pre¬
aggregated
ceding
year.
City, the pur¬
to i have ; the
privilege of directing delivery at
some
other place upon payment
of any increase in the cost of ship¬
ping and delivering the same over
the cost to the City of shipping
chaser,! however,
the
same
from
Austin,
Tex.,, to
Galveston, Tex. /Enclose
fied check for 2%
a
certi¬
of the amount
bid, payable to the City.
;
as
compared with those for the pre¬
ceding year $34,793,251.
Federal government
deliver them in the
;
Gober
Independent Sch. Dist.
Texas
Bonds Approved
$12,000
been
—
An issue of
construction
approved by the
torney General.
bonds
has
State At¬
■.
1004
fflfK COMMERCIAL &
FiNANriAtCHROfriCtte
Monday, August 19,. 1946
fll urni^lftTHM
Gregg County CdiftrAon Sch. Diet. terest school house bonds. Dated
No. 9 (P. O. Danville), Texas
Sept. 1, 1946. Denomination $1,000.
Bond Offering—Albert E. Walk¬ Due Sept. 1, as follows: $17J)00
VIRGINIA
5'c;r.
C lift Ori
WEST
Forge, Va,
$18,000 / Bond Offerihgf Vg W» J» Enos,»
$19,000 Mayor, will receive; sealed bids
3 p.m. on Aug. 24 for the purchase from 1953 to .1957 incl; Principal Uhtil 2 pm. (EST) pri Aug; 28 fot:
interest
of $20,000 not to exceed14% inter¬ and
(M-S) payable- at the purchase of $220,000 Water
bonds*. Dated Sept. 3, 1946. De¬
est school house bonds,
Dated place of purchaser's choice. Al¬
nomination $1,00Q/Bue Sept1. 3; as
Sept. 1, 1946. Denomination $1,- ternate bids are requested on nonfollows: $10,000 from 1947 to 1996
000.
Interest
M-S.
Due
$2,000 callable bonds and bonds subject
Sept. 1, 1947 to 1956. These bonds to call, after; five years. Bidders inch,Hand $12,000 from 1957; to
1966 incl., Bids for the, purchase; of
carried at the election held on are" required" to name a rate or
said bonds can be made on either
July 6, by a; vote 6f 26 to 1.. Prin¬ combination of two rates•' with
or both, of the
follbwjng basis, tor
cipal and interest payable at a their bid which1 is nearest paf' and
interest.
Any / rate ; or wit:
place preferred by the purchaser. accrued
It is the intention of the Board' of rates named must be in: multiples
1., At a- flat interest rate- of
Trustees to sell the bonds at the of Vs of 1%.- Alternate bidsV are l%% 0n all of said bonds*
^
r
lowest interest cost that will bring requested on bonds with option of
2; Bidders may name the inter/
a price of
approximately, but not redemption five years from their est rate or rates, not exceeding
less than par and accrued interest. date. The District will furnish the 6%
per annum
in multiples of
Bidders are required to nameVa printed bonds,-a- copy of the pro
y4 of 1 %. Each such bid may name
rate or combination of two rates ceedings, the approving
opinion one rate -for 'part of :the/ bonds
with their bid which is nearest of any; market attorney selected
(having ; the Carlibst -,f maturities)
par
and accrued interest. ; • Any by the purchasers, and will deliver and another rate or rates for the
President
er,
will
of
receive-
School
sealed
from
until
1947
1950
Board,
bids
to'
to
1949
1952
'
-
f0y^'y'!Wihdspf^
v/f^briSs^^'Gffered—1The/;-following.:!
W." Vor/:-;; *''j,•'
Bond Electiori
incl.;
inch,
VIRGINM
?';,>• //-
bonds amounting to
Ari;plhcH;
held
Aug.
.tion bonds.
-
WISCONSIN
rates
or
named
be
must
designated
by' th^ptirchaser without?CoStf;tb
in
multiples of Vs of 1%.- Alternate
bids are requested on bonds with
him: It is
f953^ I955Vhrid $500,H:
v
?
6
g
wr;,0OQinJ956.f
feridehtTof. Schbols estates that
be effected on
carl
of redemption
option
five years
The District will
from their date.
20- 1946. Enclose
for
furnish the
printed bonds, a copy
of the proceedings, the approving
opinion- of any market attorney
selected by the purchasers and
before Oct,
check
or
certified
a
each' rate.
$4,Q00, payable to the District
date prior to maturity at a
price
of par.
V; Principal - and - interest
payable at the Canadian Bank of
an
.
v/hi'g
?U l
S
m>
'
'jlf
*" *>n'- '->■*.
M
Odessa, Texas
A
by
Bond Bale-^An issue of $500,OoO
designated by the purchaser with¬
cost to him.
that
•
It is anticipated
certified- chfehlc
a
been sold to
delivery can be effected s on
Oct. 15, 1946.
Enclose
for ^$40(1,* pay¬
able to the iDistrict;
,7>:
;
Haskell, Texas
^
Bottdfe
tion
Voted~Ats ct recent elec¬
the
voters
said1 to
are
O'Donriell Consolidated
have
lV
approved the "issuance : of $88,000
bonds.
-V
&
Approved—An: issue ,of
to
These bonds
194&
May 1,
-7
are
dated
tlie
at
4
.
/
Bank
of
as
l^s, at
;
Quanah, Texas
Bonds'§olll
construction
bonds
.Te'Xds
^
.
Odem Independent, Sch.Dist,
dbn;: Superintendent of
receive
sealed
until
$75,000
Ari is'Sue: of
bonds
to 1971.
Dated Aug. 1,1946. Interest pay-
-
has
called for
I^esV
At
/
..
:
Due' Seri¬
:
per
on
cent,
the
Royalt on' Sch* Dist., VP*
!;7p?f|
Stock in-
respect of the year 1946
declared payable in Canadian
funds on October 1,1946, to Share¬
was
holders
of
record
at
3
p;
m.
*•'
Bond Sale DetaiTs—T. W. Home
(fifty cents per
Ordinary Capital
August 26, 1946.
By order of the Board.
be
•
?
examined; and" copies Of
if made in
accordance^with and
subject; to: ,:tri^|-ternwb ;dkd)coridi4
tions;; set-forikini thO/Statenieri^
$592,500 1 %% improvemeht bonds
including the • filing of -questiceB^
Bold^-It is ; stated
alV,
15 to 22
that
we3^:awafddd/(n^Jf^
Cmiadian Barik^M; Cohiriiefc^i? of
June 1 m
price of 100.70L Due
1947 to 195T. Interest
payable J-D.
Second highest Was
a
R. A* Daly & C&.{ offering
-100:4465
and- the Bank of <• Montreal was
third? best, bidding (100:146;
TheHydro*FleciricP'6yjerC!om»
missiori of OntaHC
(P\ O',
'
•
;
Toronto)'; Olnf, V f
n
Officers; and reprekntaitivef of
the City of Montreal, repreSenta•
ttvesvOf: the) ittdeperidette^^^aiiditdrs
appointed by the City, arid- coun¬
sels for the prospective
purchasers
bf:i thei DebehtuCesf Will- W avails
able at the'auditorium ori" the-fifth.
floor ?
t
Notice—Os¬
Redemption
naires gs therein required,
of^^Cit3r.Barik;Fbnri^
Ppriipnny^
Vfilllark
tork ;i5;::!New-York qn Aug.a^
borne.
MitcJielJ*,. Secretary >of fhe
Cbmmissioni is giying notifce to all
-
dated
of.
te; Surpriseof
.
bbieWirig:: Willi'
outs'triridingfO^year them
4n^rmajlon*:wl#vle^
bririd^ pf 'the*; Coiririiissipn,
Bept. IV 1943,:
SeptV 1,
19$3^; that:
|ions?? the^^alkjthe outstanding
^e.Ci^c^ritainadi iibihd^gfebpii-?
ioii
:-Stateh^eht Taifd X-Brio|pefcihji^
and;lhe/$^
On Aug; 9
*. 7,?
ponds of the said-issue are hereby CondRicyis Reiafin^fe^Bl^^^Atf
pr0si>ectiyejbidSb.rscaie;^i^
t Alley I Block > No". 3,. FleaSarit called for" re^empilori rab<i'
^
be! preseiit atT feuch meetirig.: I /
'
Ridge Addition, District NoV 5598, payment as an entirety; at the
on
/
&
Co:, of Concord,
were
NoV, 1 to' 4'bonds.
.
,
principal
sum ,thereof on Sept. 1,
1946, at" the Agency of the Bank
.
associated
with W. E. Huttori &
Co., of New
East 57th Btreety ■ et. al.y District
York, in the recent sale of $75,000 No. 5459, No. 23^ bonds. '. 1
improvement bondsV as 1% S, at. a
'Pullman-Avenue 'et al., District
price of 101.149, a basis of about No. 5476, Nos. 20 to 22 bonds,
;
1.48%.-—iV. 164, p. 740;*-,; U-''
Jii
Rutland,
Interest' Ceases bri dafesl called,
i Cash is also available to apply on
Vt.
of Montreal,
York,
bonds with;
due March
all
of
to
accrue
.
phowipigan Falls,- Que*
Bond
.
Frederick Bramley;
77. ;.f.t
Note Sale
-
..
:
73 Secretary>,v
Montreal, August 12, 1946.
—
An issue of
temporary notes
7, at
a
notes
are
was
sold
$75,000 the
on
Aug.
discount of 0.60%. These
due
on
Oct.
18, 1946/ ; •!
*
following/ matured -" bonds.
District
trict No.
No.
4344,
No/ 224;
Dis¬
3936, No. 18; District No.
4070, Nos, 381 arid 382. 1
called.
be
*
j
.
£mt
Sale-r--The; $250,000
awarded
to: McTaggart,
tBanna4
1, 1947 and all subse¬ ford, Birks & Gordon, of Montreal,
quent: coupons attached,
on
r.,
.
rin the pity of New proyement bonds offered for sale
on Aug.
7—v.' 164, p.; 475—were
;surreh5er% of said
fhe;'interest cqUpbris
upon
,
said
bonds
v Interest
shall
cease
at
a
price
of -99.02,
maturing in 1947 to
-
for
1952,
bonds
as
•
•■:,* *:/::■
cer¬
-•
meeting of the Board -of
Directors held today a dividend of
two
-£e^d^jt6.^ihtshch):Stati^
of)
Hamilton;Ont.
Bonds.
holders
West Clovefdais Street, et
Of thb/Statementr of TeririS-'arid
Conditions Relating to Bids arid of
ail^^ other (relevant1 documents rf-l
persons who- have received
copies of the Prospectus and; only
;
bonds.
.*
VERMbNT
a
share)
Ori
1
district; No; 557^; ;S'oVt
Pros¬
a
felatirig,to;the-Debdiitures,
tain; of siich • docUtrierit¥: may be
$75,000,000 Treasury bills Was obtained, at the Agency of the
on
Aug. v 8 at a- yield of Bank of- Montreal, 64 Wall Street;
0:402%;/ Dated;5 Aug," 8) 1946 drid New l?ork ^N. Y,?/Bids for:De^
due ori Nov. 8; 1946.
beriturOS^ will-be considered -only
'
ally from 1947 to 196d iricli<
;•• /71&
Dividend Notice
all, Distl
partial; payirient
On Aug. 7
pectus
of
Bond
Avenue et
(Dominion
as may, be- fixed
provided in,® Statrif
ment of Terms and Conditions Re-
.'
■
as
lating tb4 BldSK 1 Copies of
Christensett;
,
date
TreaSiiry BlHjr^ SPIdN^ri iSlue
Aug, 1
bonds 1^0.- 256.
Bond Salk—The $250,000 school
bonds offered Aug:- 13—-v; 164V p:
*
RAILWAY COMPANY
;,
such later
by^fhe City
sold
:
payment:
4372;
\Sehbol\ JDistftct,:> Texatrj.-
:
;
has
-
California
«Wdst Or'ange lndependent
CANADIAN PACIFIC
C
?
CANADA
Canada
aririoririOedV that
the; following ponds have' been
;; 7;
"
by Peters; Writer
of Denver.
/
on
Bond/C
Treasurer,
tionaFJari.-1,: 19577
7/:*'7/
Rauflins,1 )Yy<f*
Toronto; at
On
; :>
•
740^were Sold' as
DIVIDEND NOTICES
geherap improveriient
Aug, 1,- in* 1953
-bondSi- Due
beeif
2
Aug.-24 for the' purchase
$200,000 not to exceed 2%: in-
1,500,003*
WASHINGTON
■
Approved
construction
torhey General;"
.
Schools;
bids
p:m. on-
of
-
on
,2t.
Sheffield Independent Sch. Dist,
Bonds
will
mitte'e, City I|aEV- Montreal: *
;P. -Q'.,. Canada, up ; ta ,11; am.
(EpST)Vpiv Aqg.^2,; 1946,
up^ to-
from
borids.' Due
$220;- Seattle
Local Improvement Diets*
000 road' improvement bonds was
Wash,
authorized at ari'election ori July 9l
has
f ?'//3;'7; 3:777 • Texfas
Bond Offering ^ H. W. Herri
100^699;' a; net interest
1:6794%:
Dec: 1, in 1947 to 1967.
•
'
7 /'
13—V.
Bonds Voted^An'issUe of
approved by the State5 At-
toriieyr Gehetal.r
Aug.
Col, all of New Yofk; as 1.70s, at
a- pricelof
$420,bdo V Water
Refugio County Precinct No*?
(P, O. Refugio), Texas
on
Merle-SmitW, Geo; B. Gibbons1*^
Co., Inc., Hofnblower & Weeks,
Otis & Co., First of Michigan
Cofp., and Newburger, Loeb &
iSsub'-bf^$40;j
to 20'yearS; ''
(P,r^-;:DittnMs)^"Texwt
Bon«& Appift Ved 7~jAAissUe i>f
been
p'f .Montreal ' will be received at
the" office of the Executive Gbni'^
^-v."
:-v
,
p. '740—were a\varded:; to a
syndicate ^composed of Halsey*,
Stuart & Co., Blair & Co:,. Inc..
E^H: Rollins-;& Sons, Dick ; &
airport
site
acquirement
bonds; authorized at the election
held; ori^July *23/ hdye beeri sold
as 2s. These bonds are due in 1
County CommCh Sch. Diet,
$43,500!
3 *>-
164,
000
pricfe of
tftiv 3
\::
'
on
Dated-July 1, 1948. Denomination
$1,000: These bonds are due $20;000 from July ty 1947 to 1956. In¬
terest payable J-J.
Moore
arid 1% %
sale
whole
in^jristallmentf IronV N?py^ 1^ 1947
Birough ?Nov/lV?197$,v oi* the: City
Bonds ;PrirchasedH~Ari Tssue /of
cost* of
about 1.484%.
of
100.055a basis
a
Approvedr-fAn
1946.
v.
Houston,
:
April 27, has been approved as to
legality by W. P. Dumas, of Dallas.
These bonds are dated May 1,
164. p. 382
were
awarded to Chas, B. White & Co.*
—
;
ford), Texas'
Legality
issuer of 7 $50,000
$200i006 scTiopl
house bonds* offered for sale
j;
Weather*
series of 1946, hospital bonds that
carried at the election held" oil
.
July 15
Assembly of Virginia of
offered1 for
as a
bfanissueaf$47,835,000 principal
nmourit of serial Debentures
fpay^
~
Bond
f, 1949.
Bond Sale—The
school
;
Parket County (P. O.
Montgomery County, Magnolia
Community Sch* Dist* No. 6
i (P* O. Conroe), Texas
■
>:
c .*
will be submitted to the voters at
the November general election.
by' ari authority ot an
ordinance
of
the City CoUridil
adopted Ori 'AugUSt 12thV1946:
of Dallas;
The bonds are due to
mature oh Oct.
'■
National
Mercantile
Bids for the purchase
__._109.53
______
$600,000 watetf improvehiCnt bonds
May, 15, 1946. Legality
Bond Sale
The following authorized^ at the election held ori
approved- by Dumas & Huguenin; bbrids
ahioun'tirig1 to $i,920,000 arid July 16; was purchased recently
Secretary, reports that refunding
bonds of 1940,i Nos. 35 to 37, are
called for payment on Oct. 1, 1946,
of Dallas.
sigriritureVof X *A. Morigeau; -Ci^f
Clerkfvis^ reprinted?berewitht ? ;
able in United States
currency),
Bond Election-^-An issue of $1,-dated' Augl J, .1946 and
f maturing
248,000 road improvement bonds
with.Sectiort 217, Acts of the
Dated
Eckrols, City
E.
1946;
Bay
■''nVJ'-Cil.*
*
B0»d: Otfeimg—A notice issued
date of Aug. 13 over the
under
Trempealeau County. (P, O.
;; ;
' Whitihati)K Wist y_
*
McCamey, Texas
.
of
'&■'<"*
-
1913 and
-77,500' series; of 1946j refunding
:bonds.*-,* '
:
J » >
* *
7
Bond
bonds:
-
legality by Dumas & Huguenin,
of Dallas.
series
*:■
-
Bonds will1 be Issued1 fnxhfccpfdance
General
$75,OOOv
:
*
Co., of Lubbock; 7as^ 2i^s, 2%i
3s, These bonds are described
and
proved by the Attorney-General
on July 17, has been approved as
Green
ing: fund: for? the payiriehtf of the
principal at maturity.
bonds : ap¬
revenue"
sewer,
//:/-i'ltiML:
1947 to 1966/,
...
has the power to levy taxe^ for
the: pay merit: of the'1 inter est
;on
said bonds and tO'provide a sink¬
Ihde'p.
Bondspurchased-**•■Kn issue of
$40;000- 3 Vz % series of 1946; watet
and
1947V to; 1956' ? inclusive. 3 Bonds and F^J. Brennnrr, &-CO.> bofh of
nirituririgifrbpf 1952* to 1956-are .Saint John; at. a price^ of 100.039.
These bonds are due on
AugVi/ in
Those5 desiring to bid fof these P^ln(^t?W^bbe^*27/f t/ <
1;.
Jackson & Curtisiia—:
-103.00
furnished^ with the
opinion of
Q. JohrisOi^ 'City C^nner Eecurlties- Cos i/i-102.27
Attorney, thai the- bonds afe^'% HarieyvHaydon^Ss
___101.51
valid and binding general obliga1- Gillespie & Waiters :
V "
..
tiohGfthe^Gity/ and1 th-at the- City Peoples Trust Co;,;-
'
Bonds
-
bonds may be
bonds amounting to $152,500 was
purchased recently by C; E.JDavis
Texas
Lorenzo,
St.- John, N, B.
•
2%
-
'
School District, Texas
water and sewer; revenue
;v; !v'':
A. Underwood* &
Co;, of Dallas/ and* Williamf N. Ed-*
wards &~Co.» of* Fort Worth; joint¬
ly. Dated Aug. 1, 1946. • Legality
approved by McCall, Parkhurst &
Crowe,, of Dallas.
before
or
'
^d.OO'O
.
at a price of
103.55,- a basis of posed of Wood; Gundy: & -Con of
abdut 1,274%; :Dated Aug/1,1946 Toronto, Bank of Nova ScOtih; Of
and
due? $3,000 on Aug.. 1 from Halifax, Eastern - Securities5 Coi,
to thb' order 4ot the
.
out
IV/i'
Salii^—The
3 %, water works and sewer sys¬
tem* improvement: and ) extension issue, as; eviderite! of good faitlr of v..v^idder^v•
.*
tin /Price?:Bid
revenue bonds, series of 1946, has such bidder :■ ;
.*
: *.
•
.'u». State Banky^ DePere ;#^-.clI)3;03
will deliver the bonds to the bank
•5
kit*
Brunswick
works ' mortgage)
Bohdsrihifclbsed^Ari:/i^srie nf
ponds* offered ' Aug. 8—v. 164,y p. $633,000 2^4; 2% and 3% civic irii604—were awarded to the Bank prdvemerit* .bonds, was/purchased
on
of West
July 30 by-a- syndicate5 COm^
DePere* of West DePere,
certified check of each bid¬
a
der payable
r
*
new
cOUpOft. vwater
All' bids shall be dctdrapanied
^
.
jpominerce; Windsor*.:
$300,000 building bonds.
DePere
Bond
,
^
of
.
.nation
election is scheduled for
Eept. 20
to have the voters
pass on the is¬
suance
Dated June 30, 1946, Denomi^
$1J)06. : Callable* ori1 any
,;
ElectioriH-The; Supefin-
Bdnd
.
balance, but no bid of this nature
may have more than four rates;
and each bidder must specify iii
his hid1 the airiditot of bonds ' of
anticipated that* delivery
-
/
Clintonville Sch: Dist. (P. O.
Clintonville), WiX, '
;
•*
rate
•
due $750,000 JUftS
Denominations $1,000'
30, T947: to
1950.
$2,000. Due July 1, as fcrii-'
lows: $1,000 from 1948 to 1957 incl.
3,500,006 2 V2 %Vrefunding. bonds.
and $2,000 from* 1958 tb 1977 incl.^Dud Jurie 30;; as fblldwsi
$600V»
and
„
the bonds to- the: bank
$6,500,000 are
?'T7Hpri;vthe! vbeing, offered' for. sale by Angus
Pnesripn- of; issuing ; $50;000 com¬ ;&:Co^of TororitoC;munity building site and construe- $3,006,000 2 % refuriding; bonds.
tion /was
and
from
and
Registered
bonds
accompaniedby
ments requisite for
after
all
date
should
instru¬
transfer.
bonds
as
maturing in 1953 to
21/4s, and • bonds - maturing iii
1957 to
ti,
2s,
1956,
1947,
1966,
,
as
' '
2 %s, -Hated
v; :"r
Ma^
-
@FedFRASER