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1943
L>
>
J
V
v
B#S.
MONDAY
t.•*,. 4
:
<i:
•
ommetcial
Reg. U.
Volume
158
Number 4199
New
S.
Pat.
Office
York, N. Y., Monday, August 2, 1943
STATE AND
CITY
Price
Cents
60
a
Copy
DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
Total current assets of the State
400,000
pared with collections of $2,810,735 during the previous
period.
Reflecting the tremendous vol¬
par,
umes
of June
as
In This Issue
30 last included $65,in bond investments at
compared with $5,035,000 a
$18,830,363
in
cash
against $8,587,485.
No registered
warrants
were
outstanding, and
year
Corporation News
State and
City News
ago;
the total current debt position was
.
perfect—there
debts
New
York
Stock
York
these
Exchange
Curb
30.\
1942, warrants
standing ,were
QUOTATIONS
New
June
being
current
no
As
of
June
issued
and
30,
out¬
$41,411,744,
Revenue
receipts
of
the
State
$273,878,447 on June
last, compared to $237,568,297 a
earlier, while receipts of all
30
year
Out-of-Town Listed Markets
kinds rose to
$284,693,063 from
$261,997,838.
Expenditures were
$168,305,964 as against $168,968,760, while disbursements of all
Unlisted Securities
kinds
Miscellaneous
declined
Connecticut,, the
•
corporation
business tax, established in 1927,
returned
$12,631,544
to
$214,321,837
312,282
from this
telephone compan¬
ies as totaling
$847,216 during the
year, as compared to the previous
total of $716,936.
:
Liquor sales in Connecticut, the
report showed,
have decreased
from
these
since
sales
during
Liquor
taxes
758,587
alabama
Alabama (State of)
Legislature Creates Emergency
Corporation—A law has
Finance
Mohave County Union High School
Dist. (P. O. Kingman), Ariz.
Bond Offering—Sealed bids will
be received until 10 a.m. on
Aug.
12, by J. J. Cunningham, Clerk of
the Board of Supervisors, for the
the purchase of $12,000 funding bonds.
been approved which provides for
the creation by the State of an
to
agency
be
designated
as
Alabama Emergency Finance Cor¬
poration. v; TheH purpose of this
corporation is
revenue
to
buy
or
handle
public
improvement
municipalities
in order to stimulate employment
in the post-war period.
An orig¬
inal capital of $1,000,000 is au¬
or
assessment bonds of
thorized for the corporation. This
will function
agency
to
in
relation
municipal governments in the
same
ates
that the RFC oper¬
the national Government
manner
at
level to the various governmental
lending agencies.
Interest
not
to
exceed
2 %%,
$1,000.
payable J-J. •
Denom.
Dated July 1, 1943.
Due
$4,000 from July 1, 1944;to 1946.
No bids for less than par and ac¬
crued interest will be considered.
The successful bidder will be fur¬
nished
with the
opinion of Gust,
Rosenfeld, Divelbess, Robinette &
Coolidge, of, Phoenix.; All bids
will
be
unconditional.
Enclose
certified check for 5%
tal
bid, payable
County Treasurer.
■
to
City, Ala.
Call—Mayor A. M. Com-
interest
redemption
date,
Public
Improvement Re¬
funding bonds Nos. 1 to 31, 34 to
£6, 99 to 151, 154 to 170, 173 to
204, 208 to 212, 218 to 231, 233
to 362, 368 to 383, 392 to 411, 420
to 427, 438 to 443, 449 and 451 to
Inheritence tax receipts showed
decline
5, Ark.
*;
I
>
:
488.
April 1,1937. Said bonds
presented for payment
at
the principal office
of City
Bank
Farmers
Trust'.Co., New
York City.
<■
--' v;:
V.v:?'
arizona
County (P. O. Globe), Ariz.
School Warrants Called—Elton
Gila
S.
Bryant, County Treasurer, re¬
ported the call for payment on
July 24, 1943, of the following
described
sub-districts
are
being asked to
description of the amounts,
denominations, numbers, maturi¬
ties of bonds and all past due cou¬
pons to Bowman & Co., 418 Olive,
send
a
St., St. Louis, Mo. Both of the dis¬
Dated
should be
:
Descriptions
Sought^of bonds of the above
Holders
school
warrants:
tricts in question have been in de¬
fault of both principal and in¬
terest for
An
more
is
effort
than ten years,
„
being
j
made
$6,245,960 from $8,040,899, motor vehicle license fees
fell off to
$5,272,569 from $5,620,355, gift taxes decreased to $618,989 from
$1,199,571.
The cost disbursement showed
obligation of any kind is involved
at this time in furnishing the re¬
information,
to
but united
due
several unfavorable factors. ;
is
action
declared
$25,000,000 for "war
catastrophes," and a transfer to
the bond
sinking fund
''?
V..
;
California (State
of)
Heavy—The. gen¬
$84,232,625,
compared with $13,861,400 a year
earlier, according "to the. recent
report of Harry B.- Riley,-State
July 23, 1943.'
Controller.'
.
Excess
eral fund cash excess of the State
of California was increased near¬
ly
sevenfold June 30, 1943, when
the
surplus "totaled
"
-------
.-"V;
-
.
•
V..''
receipts,
which
points up the war impact
Connecticut revenues.
This
report,
prepared
Walsh, State
by
Tax
Walter
W.
Commissioner,
reflects the fact that State
corpolation business taxes and
levies based
of
on
production
.other
pfofit and volume
soared
to
unpre¬
cedented
heights during the past
year, while sales and excise taxes
levied by the State
barely held
their
Total
own.
fund
principal
revenue
ended
June
receipts
sources
for
the
from
of general
fiscal
year
30
were
$35,384,963,
$3,430,818 over the
$31,954,144 collected during the
fiscal year which ended June
30,
on
increase of
1942.
an
taxes
the
all-time high, busi¬
than
more
overall
accounted
increase
in
re¬
.
collections
of
inheritance
receipts...;
The
turned
■
State
tax
as
$1,300,176, an
$918,487,
or - better
amounted
to
a
re¬
compared
increase of
than
70%.
Connecticut
companies, always
tax
r.
railroads
on
$2,218,664
onr
-....
_
with
Taxes
;
insurance
large
$3,007,381,
source,
as
com¬
during
Bonds Offered for Investment—
A syndicate headed
by B. J. Van
Ingen & Co., Inc., of New York, is
offering a new issue of $1,345,000
2%%', 3% and 314% bridge rev¬
enue bonds dated
May 1, 1943, and
due serially from
May 1, 1948 to
The
1950
1.90%
2%%
bonds
due
1948
are
priced to yield from
2.10%.
The 3% bonds
to
from
due
1952 to 1954 are
priced
yield from 2.30% to 2.50%. The
remaining $895,000 3!4%
bonds
to
from
callable
are
1955
to
from
1963
and
are
2.55%
to
mature
priced
2.79%
to
to
maturity.
$500,000 of these bonds
maturing from 1955 to 1959 in¬
clusive yield approximately 2.77%
to
optional date and the remain¬
ing
$395,000 maturing from 1960
yield 2.86% to optional
date.
V
,'/■
to
to
1963
The bonds maturing from 1955
1959 inclusive, are subject to
call
in- inverse
maturities
on
any
interest
par,
plus
called
in
order
their
on
thereafter
date
or
at
premium
a
of
May 1, 1954
of 3V2%
if
the premium re¬
ducing one-half of one per cent
each year thereafter to 1958. The
bonds
1954,
<
maturing from 1960 to 1963
inclusive
order
reverse
on
are
May
subject
of
their
to
call
in
maturities
1,
premium
debt
service
retired,
or
title and
bridge will be
Associated with B. J. Van Ingen
&
Co., Inc. in this financing are
Sullivan;. Nelson & Goss, Inc.,
Welsh,
Davis
&
Co.,
Robert
Hawkins & Co., Inc. and Cohu &
Torrey.
:
■)'}■:t
Florida
1958, at par plus a
of 3V2% if called in
1958, the premium reducing
one-
half
(State of)
Municipal Situation Discussed-—
The
information
is
issue of the
monthly bond bulletin published
by A. B. Morrison & Co., Congress
Building, Miami:
*
:
<
There
has
been little
change
following
-
taken
the July
from
in
marketwise
Florida
the
the
the
situation
Most, of
dollar
a
little
risen
have
bonds
,
1963.
of
of the
month.
(P. O. Pensacola), Fla.
to
paid
ownership
municipal
j
Escambia County
last
higher in price. Yield bonds ap¬
pear to have about reached their
limit as bonds priced above levels
at which other comparable bonds
recently
aren't
Activity, due to scarcity,
sold
have
moving.
has been at low levels.
Florida
The
ture
looks
tax
.
collection pic¬
good right now.
very
county and city collections
are practically all well above pre¬
vious records. Intangible tax col¬
Both
lections, due to aggressive action
the 'part
of State officials,
an
exceptional
showing,
way
above anything previously
known.
The fact that property
on
made
on
which
county taxes were de¬
linquent two years automatically
reverted
the State
to
was
appar¬
factor in inducing
property owners to pay up.
The
1943
Legislature weakened the
Tax Collection Law, in our opin¬
ion, when it changed it so that
property delinquent two years re¬
verts to the county instead of the
ently
large
a
Counties have had
State.
a
habit
of
adjusting delinquent taxes on
a much too lenient basis, and are
likely to continue the practice. In¬
cidentally, in passing this new Act
the Legislature ignored complete¬
ly
of
of
two
its
the
recommendations
bond
refunding committee,
which, after long investigation
and study gave, as two factors
making for high interest rates on
Florida Municipals the fact that
year
of
one
thereafter
The
Reaching
ness
in
FLORIDA
yield
has made public a fiscal
year-end
statement of State tax
on
$5,843,524
the previous period.
/
which
*
ceipts, the difference being offset
principally by a substantial drop
;
July 23, 1943; Elementary School
District No. 10, all warrants reg¬
istered on or before April 8, 1943;
High
School District No. „1, all
warrants registered on or before
July 23, 1943; High School Dis¬
trict No." 1 (C. P. T. fund), all
warrants registered on or before
Cash
"
connecticut
advisable,
California
mentary School District No. 5, all
registered on or before
warrants
of 1943 of
$14,588,249.
for
Ele¬
a
of
reserve
the 18
to
straighten out the affairs of the
two sub-districts.
No charge or
quested
to.
period.
$5,797,889
of
to
$38,131,719 as
compared
with
$28,127,026 and
from liquor taxes and
licenses, to
$17,852,122 as against $13,617,170.
a
tax
franchise
Connecticut (State of)
Tax Receipts Show
Increase—
Governor Raymond E. Baldwin
;
Clay County, Western Clay Drain.
Dist., Sub'Dists. Nos. 4 and j
Bond
taxes
the
arkansas
to
corporation
from
taxes; to $52,887,521
$34,389,239; from personal
income
.
accrued
$129,766,096;
been
receipts
compared with
year as
collections
income
from
a
;
bron states that the city is calling
for payment on Oct. 1, at par plus
and
from
and
of the to¬
amount
Tarrant
Bond
is
rate
bank
during the
the
returned
payment
on the county's outstand¬
ing road and bridge bonds. When
these bonds and interest have
decreased
slightly although prices for liquor
products have been continually
raised
Revenue receipts from sales and
taxes were increased to
$132,-
tax
have
after
charges
receipts
on
substantially
has pledged itself to apply
80% of the surplus gasoline taxes
accruing
to
Escambia
County
vested in the State of Florida.
"*-
source.
The commissioner listed
637,992.
use
the
$2,~
last year's collection
over
from the year-ago
figure of $315,-
(See Index Below)
during
last fiscal year, an increase of
from taxes
amounted to
Exchange
in
but
retired.
were
of war production and other
types of business being carried on
agreement the State Road Depart¬
ment
counsel
ent
per
to
cent
each
favor
laws
the
in the opinion of
exempt from all pres¬
Federal
and
Quotations:
ment of the State of Florida
as
a
.Page
Exchange...;-... 453
Exchange........ 469
Exchanges.......... * 474
New
York
Stock
New
income taxes.
They
are issued to pay for the acquisi¬
tion of the privately owned toll
bridge over Pensacola Bay, con¬
necting
Escambia County with
Santa Rosa County.
The bridge will be operated free
of tolls by the State Road Depart¬
York
Curb
"
Other
Stock
Securities
Unlisted
...............
Canadian Markets—Listed
State
477
and
City Department:
Proposals and Negotiations. 441
General Corp. and Investment News 452
Bond
Dividends
Declared
and
Payable... 447
Redemption Calls and Sinking Fund
Notices
The
terms
of
the
447
Course
Member
lease-purchase
479
and
Unlisted
of
Bank
Clearings.:.... 480
connecting link in "its Highway Foreign Exchange Rates
System," under a lease-purchase j Combined Condition Statement
Federal Reserve 'Banks
agreement with the county. Under
the
tax
INDEX
bonds,
are
debtor,
1962.
ment
Banks., Condition
451
of
451
State¬
451
methods
collection
rather
der
to
appears
the
and
law
new
tax
627.09
the
fect, and
which
on
*
alone, were based on a total
gallonage in 1943 equal to 75% of
this
of
months
.
and
the
to
Navy in lots of 500 gallons or less,
which 'will
probably boost the
total well above 75%. The curve
shows
decided
a
upward trend in
April and May with sales totalling
77V2%
and
91%%
respectively,
correspond¬
compared with the
ing months of 1942.
Pompano, Fla.
Refunding Plan Filed
Debt
The
Canyon
Idaho
Bond
!
outstanding debt in the prin¬
cipal amount of $351,000 and unpaid interest accrued to July 1,
X. 1942 of $175,213.35.
*
to refund the
The city proposes
principal of the debt, plus 25% of
the interest accrued and unpaid to
:
July 1, 1942, by issuing in ex¬
change therefor "Refunding bonds
;
1, 1942, due
in num¬
of 1942," dated July
July
1972, opptional
1,
Treasurer
the
$54,000
sold
to
now
Dis¬
that
bonds
construction
be
the
In
out
the
event
the
be
would
State
cut
of
11
ures
board's
tax
on
review
of
•
fig¬
Talbot,
Secretary of the Board
Commissioners, until
Aug. 17, at 3 p. m., for the pur¬
chase of the following bonds ag¬
of Drainage
of in¬
utilities
crease " in: any group of
were sold; on juljr 13.
was in electric railroads.
Indiana
Barcus, Kindred & Co., Chi¬
at one time was covered thorough-' gregating $35,000: /
cago, as 2V4s.
Due $3,000 in 1945
ly by systems of inter urban and $20^000 improvement bonds. De-*;
to 1948, and $3,750 in 1949.
;://; C
nominations $1,000 airid $500^
electric lines,
but these largely
Green Tp. (P. O. Metamora),III.
/'Due Sept. 1, as follows: $1,-*
have been • abandoned.
The few
Bonds Voted—At a recent elec¬
000: in 1944 to 1950, $1,500 in*
remainingX lines, it was : pointed
tion the voters are said to have
1951
to
1956, and $2,000 in
out by the board, have ; enjoyed
approved the issuance of $48,000
1957 and 1958." Payable from
prosperous
business
conditions
road bonds by a wide margin.
ad valorem taxes.
during 1942 because of gasoline
to
State
of
noted here
Department
—V.. 158, p. 242—were purchased
as 2y2s at par, and mature on Jan.
1
as
follows: $5,000
in 1953 to
Interest
1962.
payable J-J.
>
>
.
Bonds Voted—At
tion
McCahey, President of the Board
of Education, called for payment
on
of
the following Board
Education tax anticipation war¬
30,
July
rants:
•
Educational Fund,
1903
1942, Nos. E-
Illinois (State of )
Sept. 1, 1942.
•
Building Fund,
1942, Nos. B4389 to B-4683, dated Feb. 2, 1942.
Playground ,'Fund, : 1942, Nos.
P-229 to P-244, dated Feb. 24,1942.
Free Text Book Fund, 1942, Nos.
T-566 to T-602, dated Feb. 24, 1942.
>
?
i
with
of
$66,052,470 in the state Treasury's
revenue fund, an increase
than
more
the
during
million
26
furnished
and
of Finance.
by the; Board
*
•
is
not
.to
exceed
successful
the
bidder
bids
all
be
should
so
con¬
ditioned^ Enclose a certified check
for
slices off
2%
the
of
bonds, payable to
the District Treasurer.
^proximately $416,000.
Thus, if
the
Governor's recommendation
is voted bv the board, a total re¬
dollars
/ yy X \' Z
X
for each issue without cost to him
and in 1941 was .cut to 14
one-cent cut in the rate
and by far the
year
years,
cents
general
of
*
Another cut of two cents last year
slashed the rate to 12 cents.
A
of
balance
a
..
:
Interest- rate
4%, payable M-S.
Dated Sept J
IX1943. A certified transcript and /
the approving opinion of Chap- *
man & Cutler of Chicago, will be
tax rate re¬
mained at J 5 cents for a number
ended June 30
year
the
The State oropert.v
..;///xxX/y
-
fiscal
Illinois
\
assessments to various taxing
units of the State.
dispatch from Springfield
July 23 had the following to
say:
in the proc¬
was
of allocating and certifying
.new
Press
The
Xxya&e taxes.
% The tax board
.Record General Revenue/Fund
found
part} accounts for the per¬
centage of increase of such assess¬
Balance Reported—An Associated
on
15,000 improvement bonds. De-'
nomination $1,000. Due $1,000
from; Sept. 1, 1944 to 1958 in¬
clusive. | Payable from acre^
auto¬
on
said that
ments.
to
ess
E-2077, dated July 1 and
to
this in
said
are
imp't bonds by
margin.
.
and it was
use,
-
have
voters
road
Chicago, III.
School Warrants Called—J. B.
mobile
recent elec¬
a
the issuance of $25,000
a two-to-one
the
approved
ILLINOIS
rationing and limitations
Gridley Tp. (P. O. Gridley), III.
Orleans Levee District (P.
Orleans), La.
interest
highest balance in the state's his¬ duction of four cents will; save
date, and to bear interest at rates
tory.
about 1 $1,664,000
scaled from 1%
for the period
in • property
State
Treasurer
William
G. taxes over a period of three years.
Holders of these warrants were
July 1, 1942 to July 1, 1947, 2%
to July 1, 1952, 2%% to July 1, required to present them to the Stratton's report showed the rec¬
Higher receipts from gross in¬
ord high reserve even after pay¬ come tax were cited by the Gov
1957, 3%'% to July 1, 1962, and Board of Education, City of Chi¬
4% to maturity.
Bonds issued to cago, Room 352, 228 North La ment of $18,570,780 of bonded in¬ ernor as a contributing factor to
cuts in the State property tax
refund interest to be identical ex- Salle St., on or before July 29, debtedness.
X Most of the. general fund bal¬ rate.
cept interest rate to be 1% to 1943, in order that same may be
ance has been invested in Govern¬
He pointed out that if the rate is
July 1, 1952, and 2% to maturity. verified ana interest computed so
ment securities.
A recent, treas¬ r educed to 11 cents, this would be
The plan provides
for bond¬ that cash, warrants drawn on the
urer's office statement said that the first time since Indiana was
holders and the city sharing the City Treasurer may be issued in
such investments totaled 78 mil¬ admitted to the -Union that the
expenses incident to working out payment thereof.
lion
dollars
including *; balances State met all of its general fund
the debt readjustment plan.
erical order at par on any
.
Gravity Drainage Dist.
No. 3 (P.O. Labadieville) La'.;
Bond Offering—Separate sealed
bids will be received by Fernand
that the largest percentage
$15,750 judgment fund¬
'
LOUISIANA
showed
assessments
new
as
Labadieville
each
on
as noted
346—were pur¬
price of 105.411, not
previously reported.
p.
a
carries
tax rate
cents
of Harlan,
158,
at
and
road
Co.
here—V.
recommenda¬
property
to
&
pree
chased
100.958,
board
the
the
$11,000 4%
bridge re¬
funding bonds sold to F. L. Du-
meet
approval
that
semi-annual
$100 of taxables. payable in 1944.
X The
'
The City Clerk
—
—
states
now
he
board.
Governor's
will
Bonds Sold
it
unanimous
the
days
" "•
that
members of the
tion
Peoria, III.
' said
this reduction
recommend
opinion
with
all
■
or
next
rate
...
the
Public Investments, as
provide for the readjustment
of
*
30
ip about 20
the
and
>
tax
Governor
,
trict
proposed
to
r.
bonds,
State
ing bonds
I
The
—
the
the
McCreary County (P. O. Whitley
;
City) Ky.
j
Price Paid
The County Clerk
at the August meeting of the State
Board of Finance, and expressed
course,
Ltd
states that
Sch.
!
"
reports
Details
Sale
,1
r
1958, and $6,000 in 1959 to
—
of
; .The
hence; the county controller's of?
fice Indicated.
;
(P. O. Caldwell)
28
of
reached
-
Independent
County
Dist. No.
refunding
plan, filed recently in the U. S,
District Court at Miami, is said
city's
issuance
East
.
step,
next
opening of bids.
Bidding / is • expected
IDAHO
into
Army
sales
the
949.52, according to report.
the total
72%% of sales
This does hot take
1942.
account
Tne
in
would
will be action by the Cook County
board on an ordinance authorizing
five
year
gallons sold were
in
first
the
For
1942.
in
cent
year.
Daley, will take about ten
uays.
tion, the State's general financial
condition had improved $10,905,-
tax
that
*
to Mr.
assumed
Monday, August 2, 1943
possible a further reduction of one
Henry F. Shricker said, will make
to
up
itemization of the ob¬
This work, according
ligations.
The report for
ending Dec. 31,
months
six
accumulated
I, 1942, in order to effect a
complete
shown
.was
Arnall
had
which
Dec.
the
during
1942, showed a financial gain of
$1,585,677.57.
After the first six
months of the Arnall administra¬
the
to
as
Governor
the
ability to
service road bonds from the gas
conclusions
'
it
office in January.
formed our
we
improvement
after
into ef¬
law went
new
the claims and judgments against
$12,491,-
a
improvement
eral
•
the gas tax are
holding up well. Our own estimates, made prior to Jan. 1, 1943,
Receipts from
when
shown
past fiscal year, the auditor said.
The sharpest part of this gen¬
collec¬
tions may suffer.
financial
general
has
condition
that
us
State's
The
It
lax.
are
the
debtor (in this case the tax payer)
is going to have things easier un¬
,
FINANCIAL CHRONICLE
THE COMMERCIAL &
442
reparations
—
July
offered
bonds
1943
O. New
■
The
$2,906,000
refunding, issue of
Sale
Bond
29—V.
146—were awarded to a
syndicate headed by Paine, Web¬
ber, Jackson & Curtis of Chicago,
on
a
bid figuring a net interest
158,
p.
.
The bank¬
cost of about 1.836%.
ers'/paid
bonds
price of par/for the
a
bear
to
rates, as
interest
.
Cook County (P.
Bond
GEORGIA
Law
Cash
,
condition, and
reduced
more
dollars,
it
was
said.
trimming their budgets in accord¬
ance
with Governor Arnall's re¬
quests for economical administra¬
tion, the auditor's report showed
a cash surplus on hand of $8,368,219.81.
"After
taking into consideration
State funds needed
to
complete the highway con¬
tracts, the State has, of June 30,
a
surplus
of
$1,486,324.64,"
Thrasher added.
:
$6,881,895,17
The current
eight-million-dollar figure
represented a gain of $2,764,867.68
in
current
cash
surplus
over
the
hand on June 30,
1942, the report showed.
The auditor's report disclosed
that the fixed debt was $19,759,$5,603,352.13
on
784.03, the majority of which ma¬
tures
by 1950.
To retire this
amount, the State has a cash re¬
in
serve
the
Treasury of $5,677,-
993.10, leaving $14,081,790.93 need¬
ed
from
in
of
class
full.
489.09
than
$22,317,280.02
on
of
J.
Daley, deputy
the
county,
to
con¬
around
fund, covering most
of the State Govern¬
increased from $39,533,133
The general
of the Board of Finance are:
ard
the
Stratton
date this year.
same
James M. Givins.
1942, to $66,052,470 on
June 30,
on
which
"
: - -
- *
-V';;v
It
Sold—
Warrants
is stated
$537,900 iy4s. Due Aug. 1 as fol¬
lows: $209,000 in 1963, $216,000 in
1964 and $112,000 in 1965.
*
,
;
City Control¬
Associated with Paine, Webber,
following temporary Jackson & Curtis in the successful
were offered
for bid were the
following: Hibernia
sale on Julv 27 and were awarded
National
Bank, B. S. D'Antoni,
to a syndicate composed of the
2%% road improvement bonds,
Inc., both of New Orleans; C. F.
authorized by the voters on July Union ...Trust Co., ; the American Childs
Co., of. Chicago; Braun,
National Bank, the Indiana Trust
7, has been sold to the WhitejBosworth & Co., of Toledo; Field,
Phillips Co. of Davenport.
Co.,
court
Council has passed a
amount
set
by
exceeds
Mr. .Daley
by
some
$2,000,000 the total which had been
thought represented the. claims
and
judgments
outstanding,
of
In
costs.
,,
allowing the
measure to be¬
law, Gov. Green charged
the government of Cook County
with "flagrant mismanagement."
come
a
call
bill
charge
.
to
issue
certain
bonds
to
indebtedness
dis¬
in¬
curred
prior to Dec. 1, 1942," the
governor
said, adding that the
debts "have accumulated despite
repeated warnings to the Cook
County government - that it has
Urhana, III.
for
000.,
City
'
:
-
■
•
mium of S135.ll:
of $11,-
>
/;
-
General Fund.
the
voters
are
Firemen's Pension
•;
•
Indiana
Railroad
■
:•/.
proper
/■■:V
governor recalled that he
had vetoed a similar measure two
nounced
as
in
showing
431
over
i
■
Indianapolis recently
increase of $73,591;-
the assessment
was
now
permitting
.the
The
y;
Iowa
cago.
total
final*assessment
payable next
bonds.
The assessment
of 1942 for taxes payable this year
Treasury
ner
Council
.
J
L
1
i.
■
■
on
and
his
Executive
July 21 authorized in¬
of Maine of
bearing interest at the rate of %%
and
X
-
.
light
y
plant
y-
^
revenue
: v
O. Salyers-
i
Post-war
"which
Public
funds
this time
Works
not
are
Reserve,
needed
to meet current
at
obliga¬
tions."
is
,
Bonds—Governor Sum¬
Sewall
Offering—The
Magoffin County (P.
ville), Ky.
$701,026,775.
/(
(State of)
Kyvx///,
and maturing May 1, 1944.
City will
State Treasurer Joseph H. Mcreceive sealed bids on or about
Gillicuddy announced the amount
Aug/10 for the sale of $1,200,000 would be earmarked as the Maine
water
for
year
Maine
$950,000 in U. S. Treasury bonds
■"/ XFrankfort,
Bond
of these
''
,
vestment by the State
:KENTUCKY
•
-
Investment To Be Made In U. S.
funding bonds.
was an¬
an
he
was
75,000
(State of) //••/•/ -Refunding Planned—The Board
Utility
Assess¬ of School Directors is considering
taxes which are
ago
-
and
voice in such bond issues, and that
years
Fund
Increase—Completion i] of the matter of issuing $28,000 re¬
ments
public utilities in Indiana
v.v
McDougal & Condon, of Chicago,
Fox/Reusch & Co., Pohl & Co.,
Widman & Holzman, all of Cin¬
$750,000 Memphis; Harold E. Wood & Co.,
125,000 of St. Paul; Watkins, Morrow &
70,000
Co., Marx & Co., both of Birming¬
25,000 ham; C. H. Little & Co:, of Jack¬
20,000
son, and Crutenden & Co., of Chi¬
Consolidated School Dist.
Cushing
; v
of
of
Co., of Cincinnati;
Co., of Kansas City;
MAINE
T/.i
final assessment by the State Tax
Board of all railroads and other
institutions
&
Stern Bros. &
•
and in the face of the start¬
ling fact that destruction of the
county's credit deprives inmates
public
Richards
cinnati; M. A. Saunders & Co., of
Sanitary District
of $6,~
INDIANA
lived beyond its income for many
years,
'
Health Fund
Tuberculosis Fund
reported I to
•
*
—
School
Bonds Voted—-At a recent elec¬
have approved the issuance
500 storm sewer bonds. X
Co.,
Board of Health
-
Wellington, III.
tion
Trust
National
Merchants
resolution to
payment local improve¬
ment bonds in the amount
National Bank,
and the
Bank, all of
Indianapolis, X taking the • entire
$1,065,000 at 0.625%, plus a pre¬
:
;
Pending—The
Call
Bond
"Cook County is authorized by
this
the Indiana
Fletcher
the
X v-V'Xv'X
debt
addition
;
warrants
loan
to the fixed debt,
present bill to become law in or¬
Bond Authorization Sought—It
$2,294,000 of the State der to avert the suffering of wards was $627,435,344.
•
'
'
hospital authority building debt of the county institutions.
These and other substantial in¬ is reported that Harry R. Lynn,
" \
to be liquidated over a period of
Immediately upon news from creases in taxable valuations and State Local- Finance Officer, has
years from rentals charged
the i the state capital, officers of the the unprecedented balance in the been asked to approve the issu¬
Governor' ance of $92,000 refunding bonds.
hospital,.the report continued.
county began a breakdown of all State * general / fund/
In
there
I
.
by. Roy-E. Hickman.
which some $3,500,000 represented
judgments against the county and
the City of Chicago for municipal
The
yesterday
referendum.
a
June 30, 1942,
the auditor said.
were
were / proposed by Mr. James and
Trust-funds increased Mr; Givens.
$76,930,791, and they had a com¬
Indianapolis, Ind.
bined June 30 balance of $368,-
properties in 1942.
fixed
two previous
property tax rate
made by the board
cuts in the State
1950, $129,000 in 1951, $132,000 in
and $138,000 in 1953.
J
v
$1,503,000 2s.
Due Aug.,1, as
follows: $143,000 in 1954, $148,000
in 1955, $153,000 in 1956, $158,000
in 1957, $164,000 in 1958, $169,000
in 1959, $174,000 in 1960, $193,000
in 1961 and $201,000 in 1962. ;/
?
1952
State Treasurer.
278,680.
because he believed
that the taxpayers should have a
the
Rich¬
The
Republicans.
other regular funds of
the treasury increased $30,332,811
during the fiscal year, to $115,reported
*
-
$641,000 2V4s. Due Aug. 1 as fol¬
$119,000 in 1949, $123,000-in
lows:
State Auditor, and
James,
2VzB., Due Aug. 1, as
$110,000 in
1947 • and
aid of a $115,000 in 1948.
ment,
T.
'
ler, that the
without
The
$8,235,-
obligations without the
$225,000
follows:
property, tax levy.
Besides the Governor, members
Morgan County Road District Np.
II (P. O. Jacksonville), III. /•
Bonds Sold—An issue of $20,000
care."
is
funds' other
some
general revenue fund.
operations
681,685.
The bill allows Cook County to
in
available
than the
Chicago "Journal of
$10,000,000.
to
revenue
.
lower
troller
indebtedness
indebtedness
This
of
future State
this
retire
Richard
to
surplus of the more
than
;
Becomes
Commerce" of July 29 reported as
follows:
refund
departments
State
most
With
been
than eight million
has
indebtedness
fixed
its
12-million-dollar better
financial
general
;
•
of
in about a
X
The
—
O. Chicago), III.
Measure
$8,000,000—Georgia had a
Gov. Dwight H. Green of Illin¬
current cash surplus of more than ois
permitted a bill to become a
eight million dollars on June 30, law without his signature yester¬
1943, State Auditor B. E. Thrasher, day by, which Cook County may
Jr. is reported to have disclosed. fund all
outstanding claims and
Besides this cash, the State was
judgments, amounting, according
cess
-
^Georgia (State of)
1 •**■*'[?■
Surplus Reported In Ex¬
i;
,
Issue
follows:
MARYLAND
Baltimore,
Tax
enue
Revenues
collections
;
Md.
Increase—Rev¬
of
the
City
of
,,
Volume 158
Baltimore
311
•*-
THE COMMERCIAL
Number 4199
4.10% .to $38,503,six months of
rose
for- the
Michigan (State of)
Fiscal
first
Year-End
this year, from collections of $36,-
989,224
in
a
In¬
national
an¬
of
nounced
period,
•
creased
usefulness
?;
Shows i
Herbert
the
1942
comparable
received
report
Revenues
was
recently* byLouis M.
State
Revenue
Commis¬
Nims,
from
It
—
that his department col¬
showed.
lected $104,678,787.29 revenues in
.
N ;
;
Collections for the first half the fiscal year endecTJune 30, in¬
represented 67.76% of the $56,- cluding record sales and use tax
^
820,981 which the city had esti¬ reecipts of $86,412,724.82.
Fallin,
budget
i
':
.
mated
it
would
from tax
with
a
tions to
,
,
obtain
and
ratio of 64.82%
of
in
,
said,,.
$2,877,676.59.
lection totaling $57,067,680.
Real
.'
.
estate
tax
collections
collect from this
in
source
ag¬
year,
months
of
In
v
1942,
the. first
real
expect a slump in this flQod of
wealth, declaring that it already
has lost about- $9,000,000 in taxes
the
six
amounted
to
$16,771,735
61,55% of the estimated re¬
ceipts of $27,250,503 for the en¬
eluded
,
salable
taxes
to
$1,579,148,
or
1943
from
this
taxes the first six months of
1942,
represented 57.86% of the
,
Bond
bonds
July 23,
offered
for
sale
0.68%.
Due in 1944 to 1948 inch
come
awarded
were
tional Bank of
the
to
covered
in¬
from*the sales and use tax,
FUND
SINKING
■■QLfo'-v
OFFERING,
Attleboro, at 0.44%.
Sec
page
i
v,:,%
Billings,. Mont%
Bond Offering—Bids will be
,.,s
,
^
re¬
Interest rate is not to
ex¬
ceed
:
the Council. If amortization bonds
sold and issued the
are
tire "issue; may
or
en¬
be *put' into
divided into
one
sev¬
as
serial
If
of
bonds
issued
are
,
and
they will be in the amount
bond which will be in the amount
$145.53, the
and
a
sum
of $5,800
of.
payable. on July 1, 1944, and
like
MINNESOTA
- -
amount
each I year
on
the
bonds
same
day
thereafter
*
until
all.
paid, except that
are
the last instalment will be in the
$5,645.53.
bonds, whether
'•--•••
•: *
amortiza¬
interest paying date from
10 years from the date.
of issue.
Milaca, Mi tin. 5,
Cascade County School Dist. No. 1
Note Sale—The Merchants Na¬
Bond Sale—-The $48,000 fund¬
(P. O.' Great Falls),- Mont,- V- *
tional Bank of Boston purchased ing bonds offered for sale on July
Bond Offering—Bids will be re¬
on
July .29 an issue of $200,000 26—V. 158, p. 347—were awarded
ceived until Aug. 23, at 7:30 p.m.,
notes at'0.45% discount.
Dated to Kalman & Co. of St. Paul, ac¬
July 29,'■1943 and due March 14, cording to J. F. Sundt/i [Village by< Vi F. Gibson, District Clerky
for the purchase of $127,500 re¬
1944.
The
National
Shawmut Recorded.
Dated Sept.
1, 1943.
Dated Sept. 15,
Bank of Boston, second high bid¬ Due on Sept. 1 in 1946 to 1961 funding bonds.
1943. Amortization bonds will be
inclusive.
der, named a rate of 0.468%,
the first choice and serial bonds
Runner-up in the bidding was
MICHIGAN
the
Northwestern
& Trust
Detroit, Mich.
National Bank
Co., Minneapolis.
will
be
—
City
bonds
Controller
Minnesota
Charles G. Oakman states that the
$700,000
notes
street
railway
awarded
Post-War
follows:
the issue
on
divided
enacted
islation
on
to the Post-War
0.80%,
Air
by
on
"
If
~
leg¬
the - recently
amortization-
sold and issued, the en¬
are
tire issue may be put
Transportation
Considered—Commenting
revenue
July 22
Capital-Improve¬
ment Fund of the City, at par,
giving a net interest cost of about
were
(State of)
second ..choice of. the
board,1
school
j,
the
~
Sale
into one sin¬
divided into several
the purchaser may indi¬
gle bond or
bonds, as
cate in his bid and as the
Board
adjourned session, the' American of Trustees may determine upon
Municipal Association points out at the time of the sale, both prin¬
that
the
as
$90,000 notes, maturing
Minnesota
has
already laid
foundations for the
ment of
on
Jan. 15, 1944, as .45s, $85,000
maturing-July 150 1944, as .50s,
a
develop¬
munici¬
State system-of
t.1- •'
The;Twin Cities commission, is
by the Legislature to
take over operation and control
of all airports owned by "either
city, and it* may - construct new
pal airports.
$90,000 maturing Jan. 15, 1945, as
.60s, $85,000 maturing July 15,
<1945, as .65s, $90,000 maturing
Jan. 15, 1946, as 70s, $85,000 maluring July 15, -1946, as .80s. $90>000 maturing Jan. 15, 1947, as .90s,
and ' $85,000
maturing July 15,
directed
airports
.
"substantially
equi-dis-
stant" from the two city halls but
within 25 miles of them.
The
cor¬
be payable
cipal and interest to
in semi-annual instalments,
a
during
period of 10 years from the date
issued
of issue.
If serial bonds
and sold
they shall be in denomi¬
are
from
as
1.05s.
1944
to
han, Harris
incl.
York,
Miller & .Co.-, Newark,
-jointly, as
iv2s, at a price of 100.558, a basis
of about 1.446%.
Dated Dec. 1,
1939
and
due..
Dec,
on
1,
1954.
Among other bids were the fol¬
lowing: United States Trust Co.,
Newark, l%s, 100.519; Kean, Tay¬
lor & Co. and
VanDeventer-Bros.,
jointly, l^s; 100.39; Halsey, Stu¬
art &
Co., Inc., iy2s, 100.30; M. M
Freeman & Co., iy2s, 100.20.
year; will be $23,539,092.
almost
$3,000,000
Highest
under
which
the
old
until
levy, compares to
053,032 last year.
the
made
ever
taxing
used
was
This is
than
more
collection
system,
1941.
The
levy of $18,-
a
Kelly said the increase is based
the heavy wartime business of
the
carriers. "The
franchise
tax,
based upon earnings of the roads,
will be $11,063,317 this year, com¬
pared to $5,851,283
The
3%
tangible
of
advice
Strana-
and
consent
tive
& Co., Inc.,' Toledo,
of
a
legisla¬
roads remains about the
,$12,201,748
was
The assessment
year
was
made under
.advisory committee. XX;
.In spending the money the Gov¬
,
revised
under
rail
ship.
The
tax
Edison's
Governor
statutes
•
were
leader¬
not af¬
fected by'Vice Chancellor Jayne's
opinion, which held the rail
settlement
were
laws of
1941
and
tax
1942
unconstitutional-. These set¬
tlement
taxes
The
involved
laws
owed
only back
by the railroads. -F
taxing method is
new
de¬
signed to make the railroads pay
on
of
basis
the
Thus they
revenues
earnings.
when their
high and less during
pay
are
their
more
when business is poor.
Out of the total levy, the State
years
$12,546,461, which is dedi¬
will get
mainly to schools and the
educational system.
The munici¬
cated
palities will receive $10,992,631.
The State's part of the tax will
$7,014,803 on main line proper$5,531,658 from earnings.
Municipalities will get $5,460,972
from' tax ' on properties and $5,-
be
nicipalities totaled $8,223,249, with
$5,297,607 assessed on real estate
and $2,925,641 on earnings.
Post-War Planning
tee
Local
formed
a
The
New
subcommittee
to
deal
of local gov-,
Keeping-in .mind the
that there will be a great de¬
ernmehits. "
fact
mand
for
whether
reserves
any
;
—
with postrwar plans
of Trustees
rejeeb
Subcommit¬
Jersey
Government: Board / has
Formed
board
.-and all bids and to sell
high -bidder,^ Offered - a ernor must, take into
considera¬ the bonds at private sale. All bids
price of 100.16 for a combination tion "the locations of airports other than by or on behalf of the
<of $25,000 13/4s and $10,000 l%s. owned by municipalities and their 'State Board of Land Commission.
.second
* program
adopted by- the Legislature in 1941
the
post-war
is.. seekingthere
is
Lose
Franchise—Tax
service
not
can
connections
to
in their computation of
the
chise
gross-receipts
on
fran¬
is based, the State Su¬
Court ruled July 22.
•
The litigation before the court
tax
.
involved assessments for
tax
authorities
would
mean
in
more
/. If
a
said
opinion
dollars
revenues.
utility
its
1940, and
the
million
a
State
all
count
r
permitted
was
to
lines
running along
public thoroughfares, plus service
connections,; ? its
franchise
tax
would be less, the court said.
The
percentage
length
of
lines
which
the
mains
or
along
public thoroughfares bears to the
whole
length of
utility's lines
a
mains measures the amount of
or
to
money
which
the
State's
receipts franchise tax is
plicable.
5%
gross
ap¬
;
,
The Supreme Court affirmed a
decision on the State Board of
>
Tax
Appeals, which had
service connections
considered
under
in
held that
not to be
were
the
calculations
terms of the franchise
tax
statute. T:;
Appealing from
the decision of
the tax appeals board
Central Power &
were Jersey
Light Co., Pub--
lie
Service
New
and
Electric
Jersey
New
Co.
Bell
&
Gas
Co.,
Telephone
Co.
Jersey Power & Light
"
projects,.the
to ..determine
any
•
yardstick
particu¬
which would indicate if a
Newark, N.
■
Statement
It
same.
and is
to $12,475,775.
last
increased "this year
chase the bonds at par.
The Board
the right to
:
preme
and
531,658 from earnings.
Last year the State's levy was
$9,829,783^ with $6,904,141 coming
from property taxes and $2,925,641
from-earnings. The levy for mu¬
thereafter until all such bonds are
include
the -rail¬
Sept. 15, 1944, and a like amount
on
the same day of each year
paid.
municipal finance.
i# 1942.
tax upon the real
properties
lies and
,,
1948
New
of. $1,000. and $750 each;;
the sum of $12,750 -of said serial
bonds will
become payable on
nations
The bonds, whether amort¬
poration, also, may issue up to ization or serial bonds, will bear
$15,000,000 in' bonds," with credit interest at a rate not exceeding
Gratiot
Township School District
of the two cities pledged to their 2%
per
annum,
payable semi¬
No. 2 (P. O. Detroit), Mich;
payment. ■ZCi- A*r 1 * >
annually on March 15 and Sept. 15
Bond Sale—The $35,000 coupon
Significant in connection .with in each year, and will be redeem¬
building bonds offered July 26—
$1,000,000 to be contributed by the able in full on any interest pay¬
v. ; 158, p. 346—were
awarded to State toward municipal4 airport ment date from and after Sept,
the First of Michigan Corp., De¬ development,. the associat|6n said, 15, 1948. The bonds will be sold
is that it maylbe spent on any for
pot less than their par value
troit, as lV2s at a price of 100.02,
public airport in the State.. The with accrued interest arid all T>id-~
a
basis of about 1.493%,
Dated
money will be spent by the Gov¬ ders must state the lowest rate of
July 1, 1943 and due on April 1 ernor, though he must act with interest at which they will pur¬
1947,
Inc.,
Ingen & Co.,
and McBride,
,
<
Note
awarded to B. J. Van
or
any
of
Utilities
which
refunding bonds offered
27-t^v.
158,
p.
244—were
July
on
and after
rr*
with
the length of mains and lines
that the total railroad tax for this
$500 and $300, except the last
of
working
,
the
from the date of issue.
on
.
NEW JERSEY
Council may
New Jersey (State
of)
determine upon at the time of
Railroad Levy at Record Figure
sale,'both principaFand interest to—It was announced on
July 23 by
be payable in semi-annual instal¬
State
Tax - Commissioner
Kelly
ments during a period of 10 years
bonds,
sold
body
consumers
Bond Sale—The $85,000 series E
17, at 8 p.m., by
O. W. Nickey, City Clerk, for the
purchase ;of
$57,845.53funding
bonds.
and
Aug. 26, at
'
''
on
(CWT).
a.m.
school
serial, will be redeemable
in full at the option of the city
444*
10.30
Lands
Irvington, N. J.
MONTANA
tion
First" Na¬
Somervillef Mass,
-
sale
Educational
at par. :
The
Due in eight months after date of
issue,
?
-
,
for
of
Williams Co. Of Minneapolis, and
Kalman &Co. of St. Paul, as
amount of
MICHIGAN
the
Case—Utility companies
offered
said serial bonds will become due
- -
report
of
State subdivisions
$40,000 re¬
July 13—V. 158, p. 147—were
awarded jointly to the Allison-
such
July 23 and
on
audi¬
Secretary
realm
and inmate maintenance.
Treas¬
states that $16,150 notes were
sale
the
Bartling,
-
the
but confining its activities to the
The
on
bonds
of)
Local1
petitive bidding, a total of $1,588,300 tax-fr4ee bonds of Nebraska
intangible tax, inheritance tax,
utilities
tax, steamship tonnage
tax, severance tax on gas -and oil
Rehoboth, Mass,
for
v <
-
Nims'
ML
Robert Hawkins & Co.
urer
by
utility
ex¬
It is not the board's
Funds, that the Board will offer
funding i bonds
payments
general
revenues..,
Second best bid was an offer of
for 0.75s,
submitted by
offered
audited
;
100.027
The Town
the
until, the new fiscal
period" had started July 1. They
will
be credited to this -year's
tor
Co., Inc., as 0.75s, at a
price of 100.218, a basis of about
—
their
paid
tell
income,
utility
large
and
30
not
"were
not
story of State
"several
June
tax
&
Sold
the
corporations"
of
Stuart
Notes
of
he added,
do
on
awarded to Halsey,
were
collections
because
$65,-
paving
1943
all
Sale—City Treasurer Pat¬
matter of fact,
a
total
the
Nebraska (State
Unit 1
Bond
middle '30s.
for sale at open," public and com*
eral
,r
-
-
of the unfortunate
periences which occurred in
Sale
Bbrid
l%s,-
_
(P. O. Anhandale) Minri.
No. 71
collections.
Peabody, Mass.
rick M. Cahill states that the
000
semi-ann. street
Xi''::XXX'X
Wright
single bond
As
MASSACHUSETTS
s
luxury buy¬
by
^4^'
some
other groups which are interested
in promoting post-war projects
high wage earners and
higher food prices were "largely"
responsible for the big sales tax
ing
$2,300,000 which the city expected
to collect in the entire 1942
year.
:
use."
bonds will be the second choice of
Mr. Nims said that
^NEBRASKA
ordinating
war
2%, payable J-J. Dated July
1,, 1943. ^Amortization bonds will
be the first choice
and. serial
is obvious that the
One of the aims will be to
avoid
Board
in¬
'• Under such cir¬
asserted.
through post-war construc¬
tion.
for future
ward."
which
,
will
arise
municipality the cost
the benefits which may
Offering
Scheduled—It is stated by Henry
ceived until Aug.
cumstances it
in
full, compared with col¬
lections of $1,330,864 in delinquent
r
goods
of the Board of Trustees.
man
as
F.
restrictions, and that
consumer
payable to H. H. Stanley, Chair¬
the
well
intention to promote projects but
rather to be in a position of a co¬
future sales trend will be down¬
for
source
of
before
as
benefits; possi¬
bilities of their use in providing
for State and national <defense;
use;, being made of them during
.the present war, and probabilities
;
Nims
83.11% of-estimated collections of
$1,900,000
benefit
from purely local
"During the past year we lost
nearly 10,000 taxpayers — retail¬
ers
who
quit business because
they had nothing to sell," Mr.
rise in collection of de¬
a
linquent
transportation;
evitably reduce the tax yield."
in-
sources
tlie. State,1 ers must be accompanied by a cersystem tified check, in the sum of $2,500,
such airports to the people of the
as a whole as distinguished
.
tire 1942 year.
Other
revenue
of
part
international
or
"the: ever-increasing limitation of
lhcome
px
the sale of automobiles because
of war-time
tax
estate
i
^
sioner-warned- that thedState must
on
entire
'greater
:
*
At the iam'e time the Commisr
gregated $19,030,567 in the first
half of 1943, or 72.59% of the
$26,218,048 that the city expects
to
$1,672)774.08
.was
be
revenues,
as
443
State
the sales and
col¬
1942
all
than-in the preceding -year, - while
use tax total was up
of collec¬
a
of
total
The
1943
compared
sources,.
estimates
sioner,
director,
air
& FINANCIAL CHRONICLE
Debt
011
Position—Mayor
Murphy
has
public figures prepared for
him by the City Auditor's
made
Office,
reporting
debt
that
Newark's
payments,
listed
bonded
at
$8,140,budget, will be
$4,824,439.50 by 1950, thug
573 in the current
to
uown
making possible a tax rate reduce
tion of about 54 points.
The debt
statement was drawn up
by Act¬
ing City Auditor Farrell in order
to clarify the city's
financial situ¬
ation.
Due to
forthcoming heavy
Sinking Fund
payments by
Commission
various
of
they
the
effect
the
estimates
will
have
on
future tax rates have been heard.
Mr. Farrell made his study on the
present
figures,
ture bond
Mr.
exclusive of fu¬
issues.
Farrell's figures show
that
debt payments will be cut sharp¬
est
in 1946, when they will fall
$1,020,587, and in 1947, when they
will drop $929,114.
Meanwhile,
possible
retirement
of
callable
bonds, beginning in 1945,
the tax rate
Mr.
even
may
cut
more.
Farrell
pointed out that
$11,406,000 of the bonds held by
Sinking Fund
Commission
mature in 1943,* 1944 and 1945 and
the
the Commission will retire them.
At
the
same
time
said
the
in
Mr. Farrell
$3,380,000
bonds may be called.
Commission
will
save
thousands of dollars in interest by
paying
the
bonds
off
earlier
V The
downward
10
than necessary.
years
,:v
trend
of
the
ceiling is reflected in in- ;
terest
payments.
Mr.
Farrell.
debt
pointed out that this year these
payments totaled $3,573,223, with
principal payments of $4,567,350,
In 1950 interest payments will be
$1,787,439
and
000.
lar1
-'This Is
able
debt
municipality * is * financially
to undertake new projects.
The board- will also aim* to place
J.
Prepared
principal $3,037,v-/'
; "
the schedule
of future
$7,893,314;
1945, $7,457,080; 1946, $6,020,593;
payments:
1944,
;
•
Chronicle
—
(Reg. U. S. Patent Office) William lb Dana Company, Publishers, 25 .Spruce St., New York 7. N. Y., BEekman 3^3341.- Herbert D. Seibert, Editor and Publisher
.Dr
...William -Dana Seibert, President; William D. Riggs, Business Manager.
Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Mondayj. utner
offices: Chicago—In charge of Fred H. Gray, Western Representative. Field Building (Telephone State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Copyright 1943 by William
B. Dana Company.
Reentered as second-class matter February 25, T942, at the post office at New York, N. Y., under the Act. of March 3, 1879.
Subscriptions in United States and possessions,
$26.00 per year; in Dominion of Canada, $27.50 per,year. South and Central1 America. Spain, Mexico and Cuba, $29.50 per year; Great Britain. Continental Europe (except Spain). Asia, Australia
and Africa, $31.00 per year. NOTE: On account ol the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York lunoa.
The Commercial and Financial
ik, *Vi J.
't7 >.
..ftVW ii' WiJ utItiAA
i
...
.-
:"t
THE COMMERCIAL & FINANCIAL CHRONICLE
444
Maturity
,
receive
(EWT)
12 for the purchase of
Aug.
an
State will not offer any more
Dated Aug. tion.
bonds.
1941
The items being
$1,500 Aug. 1, 1944 to
These bonds are part of an
F-A.
Due
1951.
cipal and interest payable at the
office of the Borough Treasurer
or
Pointe
f> '■ 77*» v 'r::
,•
specify a
single rate of interest.
No pro¬
posal will be considered which
specifies a rate higher than the
in any legally
lowest rate stated
Each pro¬
proposal.
acceptable
posal must state the amount bid
for the bonds, which shall be not
less than $12,000 nor more than
As between legally ac¬
ceptable proposals specifying the
Rate
r.
,
•
Par
Date
of
maturing, and if two or more
offer to accept the same
least
4V2%
9/
1/1943
9/
1/1945
9/15/1943
$50,000
9/15/1945
1,000
77:7
price.
The purchaser must
amount equal to ac¬
.
also pay an
crued interest at the rate borne
the
bond
the
from
date
bond to the date of the
The
successful
furnished
the
with
will
ICity of Lincoln
Refdg. Series B
opinion
of
Theodore D. Parsons, Borough At¬
torney, that the bonds are valia
and legally binding obligations of
the Borough.
Enclose a certified
check for
2%
of the
amount
'
City
9/15/1945
F
July .26—v. 158,
—
—
'
Aug. 3. Interest payable F-A.
Denom. $1,000.
Dated Aug. 1,
1943.
Due $2,000 from Aug. 1,
1944 to 1948 inclusive.
Principal
and interest payable at the Nas¬
sau-County Trust Co., Mineola,
with New York exchange.
The
approving
opinion
of
Vander¬
'7,
Again
La
'
'
11/
1/1943
11/
1/1965
,4y2
60
/
p
25,000
(*)
3y2
4
(60 days)
5
5/
1/1945
5,000
ICity of Lincoln Park,
Refdg. Series C
77
To
/3'77
11/1/46
50
/
rCity of Detroit, Public
li/ 1/1943
11/ 1/1965
42,000
31/2
55
,
4
60
Lighting Refdg. Series
A
11/1/1943
41/2
(*)
41/2
Item 24
City of Detroit, Public
School
Refdg. Series
ICity
'4%
A
11/15/1943
11/15/1945
of Lincoln Park,
Refdg. Series D
10,000
7
11/1/46
To
Item 8
3 7
50
3V2
•
v
Series G
12/
3V2
1/1943
6/
1/1945
7
15,000
ma
Item 9
11/ -1/1943 7
11/ 1/1965
m
,,60
7,,
-65
,
5
,.
.
iCity of Detroit, Public
Sewer Refdg. Series A
Item 25
12/ 1/1943
41/4
6/ 1/1945
30,000
/,f
Item 10
Detroit,
Art
Refdg. Series
of
- Twp.,
Oakland
Co., Sch. Dist., Refdg.
7 No. 12 7„
JiOrion
7/7
j
3y2.
12/15/1943
12/15/1944
12/15/1945
12/ 1/1943
41/2
.
.6/ 1/1945
2,000
Item 11
7
1,000
1,000
Item 26
•Vy-
fCity of Detroit, Refdg.
Series
fiRiver Rouge, Sch. Dist.,
Refdg. Series A
"
12/15/1943
12/15/1945
5,000
10/ 1/1943
G
10/
1/1970
25,000
10/20/1943
3
4/20/1945,
2.000
V
Item 12
Item
of East Detroit,
Refdg. Series A
4%
27*
/fa/
River' Rouge,
(60 days) (*)
.
Sch. .Disk,
■
Refdg. Series B—_.. ' 3*4
11/ 2/1943
5/
2/1945ua >
Item 13
fCity
20,000
4
fCity of Detroit, Refdg.
<
(60 days)
5
,65
5,000
75/ 1/1945
Item 7
of
East
Detroit,
To
Item 28
1%
10/1/43
46
1/1943
10/
1/1979 7
18,000
7 *
,,
.
21/4
-58
•
2y2
48
10/ 1/1943
.4
.
4y2
10/ 1/1948
6,000
4/ 1/1945
5,000
2/ 1/1947
7;t 1.000
;
2
56
.
-
-
1%
53
•
•
Series, D—To 10/.1/46
1V2
50
77.
•
10/
,6,000
(all) 7
tRoyal Oak. Twp., Refdg.
iy4
48
.
.
"
B-7
Series
Refdg.
Item 29
URoyal
Oak
.Dist. No.
Twp., Sch.
8, Refdg.
J""_
4/1/44
37.
.To.
60,
3
62
3y»
65
,7;
4
•7: 77'70
N. Y,
Rejects
(*}
(60 days)
t
Item 23
-
water, Sykes & Galloway of New
York, will be furnished to suc¬
cessful bidder.
A $200 certified
check, payable to the Village,
must accompany the bid.
:
Governor
1/1943
(EWT),
on
25,000
.
•
p.;, 244—has
New York City,
11/
10/ 1/1945
Item 6
Museum
.been postponed to 3 p.m.
4
1/1943
Detroit, Refdg.
of
ceed,f t4%(' semi-ann.
drainage
liOndSj, which ,ha$ been scheduled ICity
for
314
___
_T
3
55
65
10/
7
v .:
/
5
'50
7
,
ICity
Galloway of New York, that the
offering of the $10,000 not to ex-
25,000
II
Park,
3,000
•
Series F
NEW YORK
East Willi ston, N. Y.
Bond Offering Postponed—It is
Stated by Vanderwater, Sykes &
41/2
1--MS
Item 5
bid
for, payable to the Borough.
4
11/1/46
7 To
9/15/1943
41/2
—
—
Series
by
be
31/2
60
[City of Detroit, Refdg.
purchase.
bidder
11/ 1/1965
5,000
.
Item 22
Item 4
the
of
12/ 1/1944
11/ 1/1943
3%
50
,
fCity of Detroit, Public
Lighting Refdg. Series
A
5,000
,
Park,
:/l///77 77g7/ 65
4y4
4,400
(all)
12/ 1/1943
55
Item 3
amount, then to the bidde:
offering to pay therefor the high¬
est
1/ 2/1945
7
•
fCity of Detroit, Public
Sch. Refdg. Series A__
fering
bidders
/'
8/ 1/1949
Court
Lincoln
.
first
Par
Value
Refdg. Series A
Item 2
interest, the bonds
will be sold to the bidder comply¬
ing with the terms of sale and of¬
to accept for the amount
bid the least amount of bonds, the
bonds to be accepted being those
Co.;
7
of
rate
same
Maturity
Date
-
1/ 2/1944
Jail
To 11/1/46
fCity of Detroit, Sewer,
Refdg. Series A
Value
/I'
Item 1
$13,000.
M
i-/
<
;•
21
ffCity
Value
&
'
?
:>7'>*V
:v \ '
•
...
House
Item
Maturity
Attached
Par
Date 7-
Park,
Sewer
/•
Issue held by it, pro¬
follows:
are as
Interest Next Coupon
Description
must
proposal
offered for sale
Prin¬
authorized issue of $60,000.
Each
of such Series
;;?^v^
>•••• •
*■ v
Interest
$500.
Denom.
1943.
1,
following date of sale, during which the
Item 20
6% interest
registered First Sewer viding the item listed is sold, unless purchaser waives time restric¬ f Kalamazoo
or
coupon
item indicates the time
•
19
IGrosse
-
$12,000 not to exceed
District
The statement of a number of days in connection with
series held.
sealed bids until 8.15 p.m.
on
(*) indicates more of similar maturity of this issue or Item
The notation
A. Kerr,
Bond Offering—Albert
f
Monday, August 2, 1943
Interest Next Coupon
Michigan (Slate of)
; ,
1947, $5,507,379; 1948, $5,291,594;
/ Description
Rate
Attached
1949, $4,965,174; 1950, $4,824,439.
Local Unit Bond Offering—It is reported by D. Hale Brake,
In 1934, when the city went on State
Interest Next Coupon
Treasurer, that pursuant to authorization of the State Adminis¬
Rate 7
Attached
the cash basis plan—forcing re¬ trative Board, he will receive sealed bids until Aug. 9, at 1 p.m.
Description
tirement of a set amount of bonds
(CWT), for various items of Michigan Municipal bonds aggregating Item 18 •
as they came due—Newark had a
$406,400.
IGarden
City
Refdg.
gross debt of $130,647,200.
In 1945
Series B
2/ 1/1944
The notation (All) in connection with an item indicates that the
the debt will be $71,991,200.
:77 7
4@$1,000
State is offering its complete holding of the municipality involved.
•7
Rumson, N. J.
1@
400
Jr., Borough Clerk, will
iu
;
/
■
7/\45
r_
f
,M
.
10/, 1/1943
3V2;
Item 30
4y2
ISpringwells
Twp.,
Wayne County High¬
way Impvt.
Item 14
.
Guardia
Plea
7; For
Tax ICity
New
of
Series
To
23
rejected a second plea from
Mayor LaGuardia for a special
session
of
the
Legislature
to
grant new taxing powers to New
York City.
7
The
to
get together with the
City Council
specific taxing
he would be
"happy forthwith to submit it to
program
a
program
it would be
a
an
abuse of power and
futile act to call
an
extraordinary
legislative session.
"The
*
the
iy2
does
3
62
7
21/2
60
■-;/.;:v77r/7-.7:77:7:7,
2y4
58
7H
2
56
3y2
65
4
District
IfErin
The
Governor
declared
that
sif*>
t Miller, Confield, Paddock & Stone, Detroit
tf Berry & Stevens, Detroit
7
Lake
Dist.
Twp.,
County
request
for
a
(Continued
on page
445)
;
said
No. 5 Fr.,
To 12/1/44
3
12/ 1/1943
12/ 1/1944
12/ 1/1945
;i 31/2
of
Dearborn)
4%
School Site & Bldg
1/15/1944
1/15/1945
are
Treasurer
and
should be marked,
"Bid For Bonds" and must
be accompanied by a certified check guaranteeing compliance with
bid in the amount of 2% of the amount bid for said bonds, or 2%
2/ J/1944
of the
8/
1/1969
par
value where bids exceed par.
To 8/1/46
down the first
special session on
10.000
of an item will be considered. The right is re¬
by the Finance Committee to reject all bids, but unless all
so rejected fo? any item, sale thereof will be made to the
highest bidder, who complies with the terms of sale. Bids are to be
submitted showing dollar price per item, plus accrued interest to date
6,000
of delivery at coupon rate.
The Committee reserves the right at its
7,000
option to sell to the purchaser of any item more bonds of the same
issue, at the same price, if such purchaser desires such additional
bonds, such option is to be exercised prior to 4:00 o'clock P.M. (Cen¬
tral War Time) on day of sale.
20,000
Each bid must be enclosed in a sealed envelope addressed to
bids
City Gen. Oblig.
Refdg. Series A
turned
1/1945
tained
.
tate in the-city are "onerous and Item 17
should they result in increases in IfGarden
rents it would be extremely un¬
Dewey
2/
fThomson, Wood & Hoffman, New York
7, 7
es¬
fortunate."
1/1944
70
45
(City
21
(all)
not
present tax burdens upon real
4^
No bid for part
&
Macomb
Sch.
Sch.
r
Approving opinons by:
Item 15
problem
he added.
1/1944
(all)'
tCity of Ypsilanti,
1%%
53
7
lie in con¬ Item 16 - :
: 7
tinued correspondence with me,"
IFordson School District
obviously
2/
Item 31
50
Refdg
to
solution
iy4
48
5
9,000
10/ 1/1970
'
the legislative
leaders."
that until such
had been agreed upon
10/ 1/1943
;
46
said
Mr. Dewey said
1
10/1/43
a
on
and
B-8
advised Mr. La¬
Governor
Guardia
Detroit,
-
Refdg.
Powers—Governor Dewey on July
East
2
53
3
61
4
tioned in the presence
69
5
and the State Treasurer or their
12,000
Bids will be
publicly opened at the time and place above men¬
of the Auditor General, the Secretary of State
Deputies.
Volume
'*'>
Number
158
THE COMMERCIAL
4199
have
(Continued from
;
page 444)*17, but the Mayor recently
June
been made.
now
The
*
con¬
the
Houses,
Morrisania ?
' for
tracts
the
Lincoln
'repeated his plea. 1 He asked for
new
taxing powers in order to
:!ower the real estate tax rate,
Abraham
-which
contracts for Gowanus Houses and
the
carries
now
•
June
of
brunt
specific local
been
ning
Council to submit
"I have done
■
to get
power
a
have
:f the
Governor,"
clared.
|
New York
the
Mayor
Lt.
-
.,
,
?;
—
He will allow
tern
Senate, to fulfill the
National
duties performed by the late Lieu¬
tenant Governor Thomas W. Wal¬
Trust
lace.
City Bank, New York
Co., and Brown Bros. Harri-
&
man
July 29 a total of
$3,985,000 notes at 0.43% interest,
plus a premium of $54. The offerring consisted of: $1,000,000 first
series; $500,000 each of series 2, 3,
4, 5 and 6, and $485,000 seventh
series.
dated
are
Aug. 13,1943 and payable to bearer on Feb. 15, 1944.
Other bids
were as follows: R. W.
Presspricn
& Co., New York,
$1,000,000 (ser¬
ies 1), 0.49%, plus $11 premium,
$1,000,000 (series 2 and 3), 0.48%,
plus $16, $1,500,000 (series 4, 5 and
6), 0.47%, plus $22, and for $485,000 seventh series, 0.46%, plus $8;
Harriman Ripley & Co., Inc., New
"York, $500,000 second series at
0.44%, plus $1.50.
Large
Scale
Post-War
Program—Edmond
B.
Butler,
chairman of the New York City
Housing Authority has announced
that the Authority has selected
;
the architects to prepare the planis
and specifications for six low-rent
public housing projects in the
post-war program.
These are to
! be financed by the Authority with
! State
loans
'subsidies.-
and
It
State
is
and
he has only a casting
as
Senator
Hanley
can
keep
disrupting the
legislative machinery.
The Gov¬
ernor, it was said, takes the posi¬
tion that Hanley
automatically be¬
his
seat
acting lieutenant governor
the death of Wallace and
came
upon
that
without
formal
no
appointment
will
ask
Goldstein
on
that the Governor
mean
not
Attorney
for
the subject.
problem
may
f::
Morrisania
tirement System.
As of July
the organizations
reached 100,151.
While
Bronx
enrollment
Abraham
Manhattan
bounded : by" Fifth
Avenue, Park Avenue, East 132nd
Street, and East 135th Street.
are
in
now
James Weldon Johnson. Houses
;
—Manhattan—bounded
by
Third
Avenue, Park Avenue, East 112th
Street, and East 115th Street.
Marcy
Houses — Brooklyn —
bounded by Nostrand, Flushing,
Myrtle, and Marcy Avenues.
Gowanus Houses
—
Brooklyn
bounded by Wycoff, Bond,
and
f
•—
Baltic,
Hoyt Streets.
;
Mr. Butler stated: "These desig¬
nations
are
in accordance with the
'Authority's policy to proceed with
the planning of its post-war hous¬
ing program as far as war condi¬
tions
will
permit.
The public
^housing projects of the Authority
-
| which
are scheduled for construc¬
tion at the end of the war form
important part of the post¬
-war public works program of the
city and the State.
Through its
a
very
public housing program the Au¬
thority is making an important
•contribution not only to the im•provement
to
the
of the
solution
city,
but also
the
post-war
of
membership
an
initial
has
•
/
i
borrowed
and
from
grown
of
group
4,250
to
to¬
its funds from
soundest securi¬
ties obtainable.
In 1922 the
'/l.
system'^fscbjpe'was
by
legislation, permit¬
ting counties and cities to partici¬
pate.; A year later another meas¬
ure enabled towns and villages to
join and finally, in 1924, provis¬
ions were made to indicate such;
quasi-public agencies as bridge
complete at least the
in the develop¬
ment of a project.
The first stage
'is the making of the necessary
to
first three stages
financing
contracts
-State of New
of
New
with "\the
the City
York and
York.
These-
contracts
a
the
of
demands
minute would we
such conversion to the
for victory,
required
extent
full
subcontracts. Bur
thing as too great
to
Not for
denrecate
beyond that point further
competition to attract war con¬
tracts will have its penalties when
1953
"
■
City
issue of
an
inclusive.
interest
Principal
payable at the
City
Lorain, Ohio
Bond Offering—Sealed bids will
be received until
noon on
Aug. 12,
Frank,
City Auditor,
following
aggregating $61,667:
nomination
$1,000,
one
for
Due Nov. 1. as fol¬
$1,450.
$1,450
1946
to
in 1945,
1950, and
$2,000
$1,000
in 1951 to 1954. %
Interest
rate
is
% of
to
1%.
No
bids
bonds to be delivered to the pur¬
chaser in Lorain.
Principal and
relative to the above issues to be
approved
by
of
Hows:
furnished
Squire, Sanders &
Cleveland, will be
the
successful
bidder
only to California in the volume
the day of sale.
The legal
of such transcript to be
paid by the successful bidder. En¬
of
close
New York State
its
four
months,
merce
now
In the
according
Commissioner
second
to
last
Com¬
certified check for 2%
bid.....
.
.
Sale
$3,000,000,000 in such
contracts, raising the total since
June, 1940, to $11,713,000,000. All
semi-annual
of
been
is
highly gratifying
indication that we are no
longer
'
ji
,' i
;•)
i
a
V
'J. 5 r\:\ i'f'r t
.
E. Charles
mortgage
&
Co.
and
also
may
be
requir-
Tax Re¬
for bond
V.":-i
used
tirement.
in
the
Funds.' These surplus funds
serve
re¬
Reductions this year of $300,000
West Virginia's valuation of
the
Commission's
River
bridges, and
$290,000
last
tion will
mean a
three
in
year
Ohio
reduction of
a
the
valua¬
savings of nearly
$11,000 annually in taxes.
80%
are
of
the
Ohio
About
River
bridges
inside the West Virginia bor¬
der.
'
<
the
is
,
table
a
condition
showing
the
various
of
fuel
1, 1942,
Douglas, chief of the division
K.
gasoline tax of three cents a
gallon slid $2,997,799.61 the first
four months of this year
com¬
pared to the first fouj* of 1942.
The revenue in that period of
last year was
$12,418,371.03 while
this
dipped
it
year
372.42.
number of gallons
transportation
gross
motor
bv
State before exemp¬
in the
units
$9,420,-
to
'
The
tions for refund allowances
totaled
346,508,539 in the first four 1943
months, a decrease of 93,125,627
skid
period in'
—
of
the
to
Funds
Available
Debt
1943
.water
bonds
revenue
purchased
of Toledo.
system
by
have
Siler,
Roose
Denomination
Payment
Charges—With
For
bridge commissions expe¬
riencing difficulties in meeting
their obligations, due to tire and
gasoline ■; rationing,
the
State
Bridge Commission of Ohio an¬
many
nounced
last
week
it
that
will
meet in full and on time time all
bonds
this
maturing and interest due
A report
to Governor John W.
Bricker by Ray Palmer, Secre¬
tary-Treasurer
of
the
Bridge
covering the
first
six months of 1943, shows that
the Commission already has in
Commission,
its
on
various
bridge sinking funds
balances
and
interest
to
meet
due
in
three of its four bridges.
fourth' bridge
a
",v
Sink-
Bridge
Bonds &
Int. Due
Over or
July 15, '43 Oct. 1, '43
Short
..
'
,
—$188,293
$132,810 t$55,483
Sandusky Bay
.
Weirton
145,523
____
Pomeroy-
.
,
97,393
Chester
•
In
a
similar
Bonds to
the
covering letter to
John
W.
the
lesults
the
of
Gover¬
Bricker, which
companied
1943,
Secretary-Treasurer
Ray
Palmer, stated in part as follows:
"The foregoing table shows that
of the four State operated
three
bridges already have in their
sinking funds more than enough
pay Oct.
1, 1943 obligations.
to
The
fourth * bridge — the
East
Liverpool-Chester
Bridge — is
primarily a tourist bridge, but at
this time
is
only $22,140.85.jshort
of its Oct. 1 requirements.1 ltrr'*
4>
"In
and
bridges
balances
large exdesses^r
are
beyond
an
requirements—
serv^-
are
these
of
case
surplus funds in
the
East
Oct.
may
ever
"The
need
June
them.
balance
30
are:
Steubenville - Weirton
The Commission
off $40,000 of
in
the
Special Reserve Fund of the East
Liverpool-Chester
Bridge
was
$32,191.70.
This is a contingent
fund
well
as
as
a
reserve
fund for
special maintenance and
this
$32,191.70
balance
used for debt service
of
the
most
may
of
be
by resolution
Commission
and
with the
approval of the consulting engin¬
-This
eers.
fund
increases
monthly.
•
-
$1,500
v
-
>
"The June 30 balance in the East
Liverpool-Chester Bridge Tax Re¬
serve Fund was
$14,548.87.' This
represents an excess of $8,874.37,
is
vice,
:;v:s. ,<:
available
th'a&
"It is clear
not
only
for
debt
ser¬
'-v..
all bridges will
meet., 1943
obligations,
but will carry over into 1944 good
balances
to
help
pay
the
bonds
and interest due next year.
"In
addition
to
the
"T
favorable
balances
a
shown, the. Commission
backlog in the Appropria¬
Act
gives
the
for
The
nium.
loans
1
Liverpool-
Chester Bridge only, because it is
the only one of our bridges which
tion
due.
be retired
We call at¬
emergency.
tention to
has
Sandusky Bay Bridge, $125,000;
East
Liverpool-Chester
Bridge,
$125,000;
ice in
the
V
the
Special Reserve Funds
tbp Tax Reserye ^unds^'f #11
four
The
expected to be
position by Oct. 1
ac¬
complete detailed
bridge operations
for the six months ended June
30,
1943
is
f
117,734
139,875
122,140
Pomeroy-Mason bonds were re¬
1, 1943.
tOver. tShort.
April
nor
+27,558
•!.
Bridge *31,618
East Liverpool-
tired
+48,123
4,060
,
Mason
which
year.
when the bonds
$25,000 3%
Commission
Bridge
State
(P. O. Columbus), Ohio
Ohio
states that
tune
rationing started.
in
Village Clerk O.
in
began
of $1,226,588.01 less than the month before
revenue
Of
Bal. in
ing Fund
which may be used for debt
The
re¬
sinking fund to Oct.
1, 1943 debt-service requirements:
*$48,000
mirrored in the report of L.
was
'
;
Maumee,
Bond
Funds
Steubenville-
dole, which started Dec.
bonds
a
of
excess
ments in the Special Maintenance
Reserve
Bridge
'
gasoline consumption.
; The
effect of the motor
sufficient
Catherwood,
of
which
.V-
opinion
its firms have benefited by an in¬
crease
$3,000,-
Off
Revenue
in
Following
Mileage rationing with its A. B,
and C stickers and coupons gets
most of the blame for the 25%
slash
in both tax revenue
and
upon
is
contracts.
war
Tax
closed.
exceed
for less than par and accrued in¬
terest to date of delivery.
The
Dempsey
1
$88,000 for
large sinking
the report shows
balances,
balances far
(State of)
—and
Ohio
not
Rate of interest is to be in
"Herald
n sr
Gas
3%, payable M-N.\ Dated Aug. 25,
Expanded-—
July 25, commented editorially as
Ohio
December,
1942, the first month of gasoline
rationing in Ohio. Gallonage sold
to motorists dropped to 81,066,033
1945, $4,000 in 1946 to 1948,
from the previous month's mark
and $5,000 in 1949 to 1954.
of 121,046,453, a decline of nearly
15,450 resurfacing bonds.
De¬
one-third. This affected the State's,
$46,227 street imp't bonds. Denom.
$1,000, one for $1,227.
Due
Nov. 1, as follows: $4,227 in
investments, promptly adjudicat-. interest payable at the office of
ing claims, and providing effici-i the Sinking "Fund Trustees.
Au¬
ent methods
for
collecting/ and thority: Uniform Bond Act of the
registering
contributions
from State and ordinances Nos. 5250
members and member municipali¬ end
5251,. passed by the City
ties.
This requires a staff of 160 Council on
July 6.
A complete
men
and women.
transcript of the proceedings had
The
New
York
Tribune," in its issue of
—
1942.
1943.
Greatly
City, Ohio
The $4,000 3V2%
semi-annual
public building
bonds "offered for sale on July 19
—V. 158, p. 150—were awarded to
J. A. White & Co. of Cincinnati,
according to the Village Clerk.
Dated Aug. 1, 1943.
Due $500
from April 1, 1945 to 1952 inclu¬
sive.
Sale
bonds
;
fund
Ohio
Bond
gallons from the same
multiples of
Volume
1, 1943. ; Due $1,300 from
Dec. 1, 1944 to 1948 inclusive.
for the purchase of the
spects, has all the elements of a
large
insurance
company,
is
Contract
—
June
used
R.
make
in
Oct.
In addition to the
The
City
Council is said to have passed an
ordinance calling for the issuance
of $6,500 4% semi-annual motor
equipment purchase bonds. Dated
Treasurer's office.
organization which, in many re-;
War
Authorized
gasoline and liquid fuel of the
Department of Taxation, to Mr.
Evatt:
Net income, earned from
$10,000 4% sewer bonds.
Dated
March 1, 1943. Denomination $1,000.
Due $1,000 on Sept. 1 from
Earl
.bonds
anticipated
the year.
Norwood, Ohio
Bonds
of
Authorized—The
Council has authorized
by
the
retirement will
the
and
Pomeroy-Mason
April and
report made to William S. Evatt,
State
Tax
Commissioner,
dis¬
Bellaire, Ohio
1944 to
000
Decision
Expected
representing
Authority recently dis¬
investment bankers
lows:
by law to Comptroller
Upon him falls the duty
of safeguarding its $200,000,000 in
Dated July
.
Authority, N. Y.
with
in
Moore.
plant
1,
filtration
■
,
Commission paid off $48,-
lation of each
the
Bonds
The
incidentally Toledo's and
Lucas County's, too—were given
a
three-million-dollar
jolt
the
first four months of this year, a
committee
ployees of all counties but six, all
charged
water
-
734.15;
$31,618.88.
bridge sinking funds and the
Port of New York
cities but three, 86 towns, 280 vil¬
lages and 247 quasi-public agen¬
cies are included in the system.
Administration of this complex
necessary
pool
$145,523.74; East Liver¬
Chester
Bridge,
$117,Pomeroy-Mason
Bridge,
000—Ohio's gasoline tax revenues
normal market.
Port
the
taken
construction bonds.
but
authorities, boards of water sup¬
ply, libraries, school districts and
similar bodies.
Today the em¬
problems of employment."
So that the development of this
sible,
a
conversion
a
war.
$500,000 to $200,0p0,-
000 worth of the
...
program will proceed without de¬
lay as soon as the war ends, the
Authority intends, whenever pos¬
pro¬
OHIO
ex¬
—
•
war
15,
system's assets
with the increased
$200,000,000.
extended
Houses—
Lincoln
of
duction through
had
the
its
■
Avenue and East 140th Street.
in solving the problem of
better distribution
a
ceive further consideration.
Thus in the space of 22 V2 years
—
by Morris Avenue and
(East 146th Street, College Avenue
and East 145th Street, and Third
■
that
of
cess
a
bounded
its vast workshop. It is
exceedingly gratifying that these
units are now receiving the nour¬
ishment they deserve, which evi¬
dently means that the Govern¬
ment
is
making
commendable
compose
.making * these
figures
Mr.' Moore
also
made
day's 100,151
—
conspicuous for its
mass production industries, rather
for the relatively small units that
the
of the State Re¬
Houses—Manhat¬
Houses
Wd
state
a
has
Bridge,
procedure for the authorization of
bet¬
question of refunding $13,865,000 of outstanding port bonds of
New York (State
of)
Retirement System Assets Over 1976 which may be called for pay¬
ment on Nov. 1, 1943, at a price
$200,000,000—It was reported re¬
of 103., Results of the conferences
cently by Frank C. Moore, State
will be reported to the Port Au¬
Comptroller, that over 100,000
thority Commissioners shortly, at
persons engaged in public service
which time the question will re¬
are now members
have kept pace
membership and
.East Houston Street.
not
cussed
ask the courts to solve it.
;in the aggregate,
tan—bounded by Avenue D, East
River Drive, East 6th Street, and
The question is, how much
should we want to do?
are
,
1943.
Soon—A
Democrats, who
known
Wald
"we
do better."
can
Refunding
opinion
This will pass the
the
to
public,
Lillian
we
that
ter
General
official
an
that
-
know
Newark, Ohio
Issue
Authority—The
Bond
$190,000
remark
.
'
Commissioner
justifies
and with it the dras¬
tic and painful readjustment to a
Mr. 'Lockwood's statement was
taken to
-
ings Bank Co., Maumee.
Council
peace comes
was
necessary.
] these projects will cost $53,000,000
and will house
.approximately 8,668 f a m i 1 i e s.
.These projects are:
it
.
Dec.
when the
stood at $667,
ago,
figure
there is such
city
estimated
months
York
progress
vole,
•
Plans
four
inasmuch
on
All of the notes
contracts
It was pointed out the main
duty of the lieutenant governor is
to preside over the Senate and
Co., all of New York City,
purchased
Dated June 1, 1943.
Duel Pomeroy-Mason
Bridge
Bonds,
1 as folows:
$1,000 in I which are not due until 1956.
1948 to 1952, and $2,000 in 1953 to |
Sinking
fund
balances
of
1962, callable at 103 on and after - these bridges on July 15 were:
Dec. 1, 1948.
Principal and in¬ Sandusky
Bay
Bridge,
$188,terest payable at the State Sav¬
293.80;
Steubenville
Weirton
with the national average of $897.
This } is a
distinct improvement
Election
pro
are
445
$1,000.
on
as
Catherwood's
1
in
by no means yet a
the per capita value
makes plain.
That per capita value for NewYork
is now $869 as compared
we
of- these
but.
t
Governor
Hanley, president
of the State
But
commonwealth
economy.
favorite,
New
lieutenant governor,
Paul E. Lockwood,
announced July 28.
Joe R.
Note Sale—A group composed
of the Chemical Bank & Trust Co.,
Governor
this year of a
his secretary,
Y.
N.
•
.
forgotten
war
over
Dewey will not press for election
de¬
City Housing A uthority,
•
..
Will Not Ask
Dewey
For
definite commitment from
a
in
New York (State of)
:
city. I sincerely hope the
City Council will act now that we
contract
signed
was
approved by the City Plan¬
Commission and the Board
new
for the
The
Wald
of Estimate.
everything in my
taxing powers
Houses
of these projects have
All
1941.
Johnson
signed.
Lillian
for
tax program to the State officials.
•
also
were
were
Weldon
James
the city budget.
At the receipt
v-k:
of the Govern¬
or's
message, Mayor
LaGuardia
■i
immediately called on the City
•
Houses,
and
signed on
On Dec. 23, 1942,
Houses
30, 1942.
Marcy
& FINANCIAL CHRONICLE
-
1943-1944
Appropriation
bien-
Act
legislative
authority
for
to the Bridge Commission
by the State Emergency Board of
$25,000 ill 1843,. and $125,000 in
1944, for debt service in case of an
emergency.
Such a contingency
much
Bridge, $90,000.
appears
also expects to pay
than it did
more
remote
now
when the Legislature
THE COMMERCIAL
in session, but the backlog is
was
,
there if needed)"
v—
:
Pennsylvania (State of) (
Planning to Reduce
K
j
Governor
f
Debt
Perrysburg Exempted Village Sch.
Diet. (P. O. Perrysburg), Ohio
.
Bond
will
Offering
bids
Sealed
—
until
received
be
noon
A
—
dispatch from Harris-
to; the Philadelphia "In¬
quirer" of July 23 reported in part
:
Tennessee
ft
Claiborne Courity (P. O,
Tazewell)
;;y
follows:
as
'«
,
Any surplus that might accrue
in the next
on
V'i'i —
Tenn.
-v'
burg
-
& FINANCIAL CHRONICLE
Call
Bond
—
is stated by J.
It
Kyle Kivetf, County Judge, that
the following refunding bonds are
called for payment on September
in the State Treasury
Aug. 6, by Virginia Witzler, Dis¬
1, at par and accrued interest: '
General, Nos. 891 to 900, 902 to
trict Clerk, for the purchase' of two years will be' utilized for
$3,800 2% building; bonds.
In¬ post-war projects and to lower 905, 907, and 909 to 914.
r
the Commonwealth's $119,000,000
terest payable A-O.
Dated June 1, 1936. Denomina¬
Dated Aug.
bonded
indebtedness,
Governor tion $500. Due Sept. 1, 1956.
I, 1943. - Denomination $500, one
for; $800;
General, Nos. '1442, 1443' and
Due Oct. 1, as follows: Martin declared today.
"This is the time we must all 1448 to 1453.
$500 in 1944 to 1949, and $800 in
Dated April 1, 1936. Denomina¬
1950.
Bidders may bid for a dif- get down to common, sense and
ferent rate of interest in a mul¬ conduct government as economi-: tion $750.
Due Sept. 1, 1956.
Irrespective
of
payee
agent
tiple of y4 of 1%. Principal and cally and as efficiently as we can
war
conditions," Martin named in the bonds, the same
interest payable at the Citizens under
should be forwarded to the Third
Banking Co., Perrysburg.
Au- said.
Senator
State
Harry Shapiro National Bank of Nashville for
thority: Uniform Bond Act of the
Philadelphia),
yesterday payment.
General Code and pursuant to a (D.,
Interest
ceases
on
resolution passed by the Board of urged Auditor General F, Clair September 1.
*
'V
Ross and State Treasurer G. Har¬
Education on July 13.
Enclose a
Obion, Tenn.
certified check for not less than old Wagner, both Democrats, to
Debt Reorganization Completed
1 % of the bonds bid for, payable ascertain the surplus as of May
—It is reported by H. M. Blevens,
31, and cited a constitutional pro¬
to the District Clerk-Treasurer.
Town Treasurer, that the plan of
vision that excess monies should
reorganization of the town's in¬
Port Clinton, Ohio
be assigned to the Sinking Fund
debtedness
has
been
completed
Bond Offering — W. L. Zeis, to pay off debts.
and is now on a current basis.
Ross promptly took up the is¬
; Village
Clerk, will receive sealed
: bids
until noon (EWT) on Aug. sue and charged that "there has
texas
V,: 10 for the purchase of $21,902.65 been apparent juggling of fin¬
Jefferson Co. (P. O. Beaumont)
not to exceed 4% interest West ancial figures."
The Governor retorted that "it
Texas ■
*
'
Third
St.
improvement bonds.
Bids Rejected — It. is stated by
Dated Sept. 1, 1943.
One bond is part of the duties of the. Auditor
for $902.65, others $1,000 and $500. General to see that there is no W. W. P. Kent, County - Judge,
that the
bids received
for the
Due Oct. 1, as follows: $1,902.65 juggling of funds."
;in 1944; $2,500 from 1945 to 1948
Pointing
out
that war-time refunding of the following bonds
inclusive and $2,000 from 1949 to conditions add an uncertainty- to were not accepted:
1953 inclusive. Rate of interest to what revenues can be anticipated,
$99,000,
5%,
Canal
Bridge,
be expressed in multiples of *4 of the Governor said he hoped the dated July 10, 1929, maturing in
1943-'45 biennium would wind up 1944 to 1965.
1%. Principal and interest (A-O)
.payable at the Village Treasurer's with a $25,000,000 surplus.
$98,000, 4 %, Office Building and
"To actually determine what a Jail, dated March 15, 1934, ma*
office. A certified check for $220,
'payable to order of the village, is surplus is in Pennsylvania," he turing in 1944 to 1964.
> < 4 v
1
required.
Legal
opinion
of commented? "sufficient time has
$550,000 Dryden Ferry Bridge;
Squire, Sanders & Dempsey of to elapse in order that everything 4%, dated March 20, 1935, matur-i
Cleveland will be furnished the provided for by the Legislature ing in 1944 to 1965.
'
•
ing all remaining bonds now out¬
standing of an original issue of
$80,000.
Said bonds have been
of Mayors.
called for
reverted to the
ber:
redemption
Bank
York,
&
where
,
deemed
at
terest.
For
Co., New
they will be re¬
and accrued in¬
par
the
also
been
the
holders,
bonds
made
at. the
'
>
-
>
-
,
•
.
have obligated such apportioned funds
take up
to
American
united
\V). rr'*
^
1
vides that "States which have not
of
convenience
arrangements
these
be
may
states
l<
I-
'*r'
V,
'
•
United States
New
York
Life
Insurance
Co.
Sells
$7,490,000 Bonds—The Met¬
ropolitan Life Insurance Co. of
is carried into effect.
"The
oklahoma
Ponca
.
CityrOkla.
-
Bond Election—At an election
;
Aug. 10 the voters will con¬
sider a proposal to issue $50,000
on
park bonds.
•
:,
matter
on
July 29
a
total
of
$7,490,000 of its holdings
municipals, as follows:
terest
To
of
Securities
Corp..
5%
Baltimore,
Md.,
general improvement (registered) bonds.
Due $125,000
March 1 in 1944 and $481,* 000 in 1946. Interest M-Si
on
*•
To' R.
-W.
Pressprich
&
Co.,
Authority'sv$51,000,000
Dalles, Ore.
The $70,000 semi¬
^
annual water improvement bonds
offered for sale on July 22—V.
,158,. p. 349—were purchased by
as
the net State
"doggoned good."
$38,000,000 in the Sink¬
Fund
applicable to these
is
There
ing
debts.
;
the First National Bank
Trainer
land, (The Dalles Branch) as 2s,
Due $5,000 on July 1 in
11940 to 1959 inclusive.
at par.
annual
Series
of
1943
bonds
,
,
1, 1943. Legality apr~
by John D. ^McCalL'bf
proved
—
Dallas.
.
improvement bonds of¬
on July 8—-V.
158,
fered for sale
.J.
Stadelman
of
The
Dalles, as
2s, at par. Due $2,500 on July 1 in
,1945 to 1947 inclusive.
;
1962^.
on
July 1 in 1944 to 1958.
rhode
,
Westerly, R. I.
by E.
Feldman, City Recorder that
$15,000 semi-annual refund¬
ing, Series B bonds offered for
sale on .July 26, were purchased
by the Charles N. Tripp Co. of
I
.
the
Portland.
Denomination
$1,000,
Dated June 15, 1943. Due on June
15 as follows: $2,000 in 1945 to
Offering — Sealed bids
will be received until 11 a. m. on
the
pennsylvania
Clairton), Pa.
Bonds Authorized
The Board
of Commissioners is said to have
1,
notes
will
be
authenticated
genuineness and validity by
First
National
Bank
of
Bos¬
ton,
under
advice
of
Storey,
Thorndike, Palmer & Dodge, of
Alabama
provided would
I
,
&—-
Arizona
-—- --
—c— -
on
for
879,398
«- - -—- -
-----"
—
Connecticut
318,057
-_r>-
-----------r-
-
250,000
736,147
1»287,986
Georgia
634,020
------
J,
Devine
&
Iowa
Co.,
1*275,186
--------------z-.—7
1,293,058
762,633
New Kansas
955,360
par
bonds.
follows:
Due
Jan.
$60,000' in
—
,
:
s.
$195,000
in
1948.
Interest
500,000 5% Chicago* 111., water Missouri
.
revenue
Jan.
on
bonds.
1
Due
from
1945
1949
eral
iV.
Co., New
Chicago, 111.,
obligations bonds.
gen*
Due
New
New Mexico-
North Dakota
in
1945
and
829,669
2,469,884
1,235,019
765,36.5
Ohio
—--——
_———
————-—- - -
Oklahoma
^
——
Oregon
Pennsylvania
1,802,996
1,162,0L7
849,827
2,093,567
—
250,000
Carolina—693,473
South Dakota
804,186
Tennessee ————- 1,086,546
Rhode Island—South
Texas
.
3,252,287
-
Utah
———
Vermont
—————
576,142
250,000
Virginia ———— s 936,400
Pittsburgh, Pa., Washington
807,890
April .1, as fol- West
Virginia -———
563,183
.y vlows: $72,000 fromi 1949 to Wisconsin
1,231,947
1951 inclusive; $64,000 in 1952
'1,000,000
•
651,596
1-—-
York
New
North Carolina
$300,000
$125,000 from
for two years' limitation, Barr Bros. & Co., Coffin & Burr,
of > these C warrants and Laurence M. Marks & Co., all
Possessors
should - make arrangements with of New York:..
representative of their
presented to
General Claims Committee-for
1,037,280
1,020,507
——-—654,359
Hampshire
250,000
————* *:
Jan. 1, as follows: $350,000 in
statute
district to have them
yT
Nebraska
-1944;
v
value,
--
New Jersey——-——-
1,150,000 4%
General Revenue warrants to and
the^ State"
919,522
1——- -
Nevada
V;inclusive. -Interest J-J.
Lazard Freres &
—
100,000 Montana
to
York:
;
1*380,023
Minnesota
Mississippi
J-J.
To
at
2,052,843
920,452
1, Maine, -*-r—444,348
415,242
1944, Maryland
-—-.f670,583
$250,000 in 1945, $260,000 in Massachusetts
1946, $235,000 in 1947 and Michigan -i—-———V--1,556,139
are
September
payment
J ,737,698
4y4% Richmond, Va., Illinois ——————- 2,020,185
1*232,715
bonds.
Due July 1, Indiana——
Interest J-J.
C.
as
called for redemp¬
1,'. on which,
date interest ceases, at the Guar-j
anty Trust Co., New York City. ;
Dated March 1, 1936. Due March
1, 1944 to 1976, redeemable on any
interest payment date, on 30 days'
tion
-;$1,073,685
* -—-
Arkansas
Idaho
.>
to
follows:
as
Va., Florida
July
?
as
Jefferson Tp. (P. O.
Due
1946 to 1949
including
No.- 313,134:*( 1942-43
inclusive. Interest J-J.
Aug. 3, by Lewis Stone, Town Series), which includes: all war-:
500,000 4% Chicago, 111., im¬
Treasurer, for the purchase at rants issued prior to and includ-|
provement bonds. Due $100,discount of $125,000 notes. Dated ing Nov. 18, 1942.
This call is for
000 on Jan. 1 from 1944 to
Aug. 5, 1943. Denominations $25,- $2,067,641.77.' y/C ■ —;, y. ,fI, Vv;
r
.1948 inclusive. Interest J-J.;
General
Revenue " warrants,
000, $10,000 and $5,000. Due Nov.
.To a
syndicate composed
of
5, 1943. Issued in anticipation of dated prior to Sept. 1, 194Q, are
taxes for the current, fiscal year. now void • because • of.the - State! First National Bank of Chicago,
The
,1950, and $3,000 in 1951.
bonds.
revenue
refunding bonds, numbered from
14 to 153, Series 1936, aggregating
ing
Note
be
,
Tesse James reports that he is call*'
Wasco, Ore.
Bond Sale—- It is stated
under the formula
1 "
|
York:
Kentucky—Bond
Treasurer
1,000,000 5% Chicago, 111., water Louisiana
Waurika Brock states that 4}fi%.
Ralls, Texas
Call — City
Texas (State of)
Warrant Call — State Treasurer-
island
appropriation under this
amounting, to $3,000,000 has just been made. Each
State's share of the $50,000,000
authorization,
--------
To
;
-
Due
sewer
•.
r.
among
Delaware
Interest J-J.
—400,000
44—were awarded to Blair &
The $7,500 serpi-annual airport
Co., Inc. of Philadelphia, as 1 %s,
improvement bonds offered at the at a price of 101.208, a basis of
.same time, were
purchased by P. about 1.35%. Dated July 1, 1943 notice.
p.
school
•1962.
■ ■
$134,500,
The $35,000 semi*
Due Dec.
1?-1958;- Interest J-D.;?
,..400,000 '4V4% Richmond,
were. purchased recently by the
Dallas Union Trust Co. of Dallas.
Dated June
y
able
Baltimore, Md. water Colorado
4%
(registered) bonds.
,
(P.O. Chester) Pa.
Bond Sale
of Port¬
250
,
characterized
indebtedness
Bond Sale
indebted¬
\
He
funding,
$171,500,-
iiilS
.01 the amount continued avail-
California
New York:
reported that
semi-annual tre*
3%%
"
000.
The first
J-J.
Equitable
606,000
-
Bonds Sold—It is
$11,000
would amount to about
with the formula
New York:
Tex as
Olney,
will
plus applied to the general State
OREGON
;
surplus
a
depend on tax receipts. It's really
a
bookkeeping proposition."
The
Governor
said
that
he
would like to see some of the sur¬
ness.
The
of
labor,
equipment and • material
shortages no State had been able
to obligate the funds alloted to it.
By July 1,1944, unobligated funds
$50,000,000,
apportioned
the States in accordance
provided in the
Federal Highway Act, is author¬
To
a
syndicate composed
of
ized to be used as the Federal
Goldman, Sachs
Co., Blair &
Co.,. Inc*, Estabrooic & Co. and share in preparing, plans for post¬
This, in effect,
the Equitable Securities Corp.; all war construction.
is an enlargement of Section 9
of New York.
of the Defense Highway Act of
$1,000,000 43/4% Allegheny Coun¬
1941 which autherized $10,000,000
ty, Pa., bonds.
Due $100,000
for "such surveys and plans as
on April
1 from 1945 to 1947
may be necesary . . . including
inclusive; from 1950 to 1952
advance engineering surveys and
inclusive; and from 1955 to
plans for future development of
1958 inclusive.
Interest A-O.
the strategic network of highways
300,000 4*4% Allegheny Coun¬
and bypasses around and exten¬
ty, Pa., series 20 bridge bonds.
sions
into and through munici¬
>
Due $50,000 on July 1 from
palities and metropolitan areas,"
1953 to 1958 inclusive.
In¬
New York sold
'
successful bidder.
June 30, 1943, shall not be eli¬
gible to share in the reapportion¬
ment provided."
Because of the
on
National
Bank, Austin, where they
presented qn; said date.
.
:
on
Trust
•
:
Federal Treasury
July 1, 1943, with no State
eligible to share in a reapportion¬
ment
by virtue of the Defense
Highway Act of 1941 which pro¬
Septem¬
on
1943^ at the Central Han¬
over
■
according to the U. S. Conference
In the absence of this
legislation $68,000,000 would have
33/4%
bonds.
Due
Telephone bids will be the
accepted. The notes will be ready special appropriation -at the next
Wyoming 1—^638,436
voted
to
issue
$35,000
sewer for delivery on or about August session of the State Legislature,
y - and $72,000 from 1955 to 1964 Hawaii
250,000
bonds. ;
5 at the above bank against pay¬ Out-of-State holders of such war/
inclusive.
Interest A-O.
Dist. of Columbia
250,000
rants are requested to notify the
ment in Boston funds.
."; Tp, a syndicate composed of the Puerto Rico
253,006
Jenkins Tp. Sch. Dist. (P. O. GrifState Treasurer's office.
y;.y v Bankers
Trust
Co., New York.
fith, Pittston), Pa.
Other
than
General - Revenue
south carolina
Harris
Trust &
Total
—-—$50,000,000
Saving; Bank,
f Bond Sale — The $35,000 3% Abbeville
warrants, • all State warrants are
Chicago, and Lazard Freres & Co.,
County Sch. Dist. No. 38
coup o n
semi-annual
school
cashable when issued and should
New York: v
washington
(P. O. Due West) S. C.
bonds offered for sale on July 17
be
presented
immediately ..-for
Bond Sale — It is reported that
—V. 158, p. 245—were awarded
Seattle, Wash.
\
payment. Prompt presentation for v;; 384,000 4V2 % Richmond, Va.,
j
registered bonds.
Due Jan.
to Moore, Leonard & Lynch, of R. S. Dickson & Co. of Charlotte,
Plans Bond Redemption—A bill
payment of these warrants will be
—
Boston.
'
•
——
—
-
.
Pittsburgh, the
the
issue.
only
Dated
bidders
June
28,
for
1943.
were
the
successful
bidders
on
Tuly 20 for $44,000 school bonds at
price of 100.025, a net interest
of about 2.38%, divided as
callable on June 28, 1947.
follows: $20,000 at 2%s, due on
July 1: $2,000 in 1945 to 1951^ and
McKeesport, Pa.
Bond Legality Test Sought — $3,000 in 1952 and 1953, the re¬
maining $24,000 as 2V4S, due $3,The City Council is said to have
000 from July 1, 1954 to 1961 in¬
established
an
expense
account
'Due
on
June
28
in
1945
to
1953;
greatly appreciated by the
Treasurer's
office.
<■
State
y.
a
cost
1960.
Reversion
Road
Wheeler County (P. O.
Wheeler),
Interest J-J.
Stopped
Aid Funds
—
has
been
introduced
authorizing
in
the
the City
call for
on
Federal
Council
To
prevent
redemption on Oct. 1, 1943, of $1,*
the reversion of unobligated
Fed¬ 000,000 municipal light and power
has bonds, consisting of $750,000 in
Bond Call
Couity Treasurer suspended for the period of the series LR4 and $250,000 series
James O'Gorman reports that the, emergency and one year there¬ LT8, according to unofficial recounty has exercised the option after, the previous requirement port.
—'
granted by Article 611, Revised regarding reversion and reappor¬
clusive.
■
■■■■% Civil Statutes of
Washington (State of)
tionment of unobligated funds and
with which to engage an attorney
Texas, 1911, to
Cities Discover New Tax Field
Interest payable J-J.
to prepare a taxpayers' suit by
Bonds redeem $54,000 5% court house authorized the use of part of such
which to test the legality of $400,- maturing in 1954 to 1961 are call¬ bonds, dated June 1, 1925, matur¬ funds for engineering investiga¬ —Washington cities will obtain an
$1,444,000 in revenue
000 not to exceed 2lk% funding able at any interest date on Jan. ing serially during each of the tions and plans and specifications estimated
bonds.
years 1944 through 1965, and be¬ for post-war construction projects, during the next year from munic1, 1954, and thereafter.
I
Texas
—
y"
eral-aid road funds Congress
THE COMMERCIAL
yolume 158 '•[ Number 4199
ipal admission taxes.
These
missions tax returns,
population of 20,000
the
State
tax
field
in favor
ties.
admission
the
vacated
of the
f-y
municipali¬
lation
x/T//Tv/T'/'N::./
The estimate
made
was
on
the
lected
by the
tion.
To
this
tap
source
revenue
$40,092
10 years
of
Most
a
the
collect
do not need the extra
nance
current
for
late
payment
build
reserve
up
successful
with
the
at
par—v.
158,
admission taxes.
1968. All
According
of
estimates
to
mature
ad¬
of
City
or any
31/4
3,
3:28%.
: 1
and
to 1963.
Bonds
-
Due
>
-,
in
1944
Sold
Issue—
—
It
is
that
'
•
-1st
list of corporate bonds, notes,
mtge. 5Va%
dated
.
Power
Transit
Aug
;
—
5%
coll.
gold
1
2
:
Alabama
Allied
State
CoA>., 4Vsc/n
Stores
American, British
v
5'ic-
Corp.,
1
92
1
due
92
American Fruit Growers,
1st
ref.
Armour & Co.
'1st
1
4'/2s,
&
5s
due
Aug
mtge. 20-yr. 4%
7 vi- guaranteed preferred stock——:
Atchison, Topeka & Santa Fe Ry„~-.'v
Sep -1
1948_Aug 31
*2008
—
California-Arizona Lines, 4'/a% bonds, due 1943
Atlantic Coast Line RR. of So. Carolina 1st 4s due
Baker
Hotel
6'/o
conv.
Baumann
fee
of
Dallas, Inc.,
Locomotive
6%
ref.
1st mtge.
5s, due
1950-
.Aug.
(Ludwig)
Co.—i-Brooklyn
&
bonds due
Bldg.—1st
(modified)—
1942
Bedford
9
1
288
—-Aug
1
Aug 16
82
1st "closed
mortgage
Blumenthal
(Sidney)
Pacific
bonds due
1949
.-i
Inc., preferred
& Co.,
Canadian Breweries,
Canadian
5%
stock
Ltd., 5V2%57c- and 4J/a%
Ry.—
debs.—Sep
collateral
trust bonds,
mtge. 3'/4'/o bonds, due 1966—
Cleveland Cloth Mills Co., preferred stock
Colon
Consolidated
Cigar Corp.,
Consolidated
Gas
j,
-bonds,
I
due
Du Mont
East
(Allen
Laboratories, Inc.,;
B.)
Tennessee
1949
Western
&
"'S.
•
North Carolina RR.
1st
.•
i
due
•<
1970
Screw
—
Works.
Grain
General Finance
f
%
1st
mtge.
Public Service Co.,
Florida
Froedtert
&
5s,
due 1949—
Inc.,
Corp.—
.
Sep
—Sep
•
j
Nov.
1,
1927
0
1954—Aug
bonds, due
1952
—
Interlake Iron Corp.,
International P.vs.
86
-—1st
4% conv. debentures, due 1947
lien & ref.
mtge. 6'/a %
•
Iowa P™«er & Light Co., lst ' mtge: 4y2s. st. A,
V Kansas. City Gas Co.,; 1st mtge.-5s, due 1946
Kern (Ernst) Co. 5% ■ debentures," due" 1944
i1
due 1958_Sep
Aug
■
-Aug
Lehigh Valley Coal Co.— '
-s
.
Co. of Hot Springs, Ark.
Arts Realty
Medial
;
•-—-—Aug
unstamped bonds
Marcy
bonds dated 1936
__—-
mtge , v
-—-——-Aug
*2349
1
"
'
"
I
"tv
Tr
4
/V/ 'v'.
'
gen.
1
1
5
1
,
/
-i
291
$2252
-88
.
Fort
North
t
.
—j——r-.--—--®ep
3
Oswego
Co., ZV2% debentures, due 1949——Aug
debentures, due 1954—
—————Aug
Inc.,
'Falls
1
1
6%
—-Aug 27
Co.
second table in
announced, but
Trtfst"Co.
(Wilmington,
are:
Hingham
When
Payable
Trust
8-
50c
9-
1
7-13
National- Bank
&
Trust
Co.
(N.
2
7-27
8-
/
■
7-29
8-
2
7-22
7-20
9-
:
Bk.
& Trust
Co.-
(Springfield,- Ma
■ ;>
Upper Avenue Natl. Bank
Trust
Woonsocket
(Chicago) (quar.)
Co:' (Richmond)
(s-a)_^
Trust
Co/
(R.
I.)
(s-a)
1
8-14
1
9-20
*
91
■
Acme
Industrial
Wire
Affiliated
Extra
Co.
Fund
and
(irregular)
(quar.)'
—
7-30
15c
7-31
7-24
1
6
1
8-14
9-
1
8-14
50c
7-27
7-20
25c
9-
8-16
37»/2C
8-
1
9-
9
8-16
1
'
Inc.,
12%C
—
■
...
(quar.)
1
7-20
8-
1
7-20
$ 1 Vst
.)
(quar.)
8-
$1.75
common
'
9-
1
$l3/4
10-
1
75c
8-14
$iy2
8-
9-30
9
9-
8-16
30C
)
(irreg.)
eommon
3
-U7-31
Oi
.9?25
10c
&
taccum.)
1
f-
8-
30c
9-
V
8-14
50c
8-25
75c
■8-5
1
8-25
8-
5
8-16
8-16
2
7-27
$1%
(quar.)
common
preferred
8-
6
8-14
8-
1
40c
7-26
2c
■
.
8-31
12'/ac
(quar.)
Co.,
8-16
50c
_-
(quar.)
Co.
8-15
$1
i
Rubber__________j__
Machine Co.
8-26
15C
(quar.)
7-15
8-16
9-
8-
5
c
9-
8-
5
$1.7573
9-
8-17
*20c
9-
1
15c
9-
9
8-26
9-15
8-16
37'/a
(quar.)
of
i
(quar.)
"•
8-14
Ltd.—
Co.,
shares
(quar.)
(quar.)
*50c
;
*50c
(quar.)__
_____
9-15
8-16
10-15
9-20
10-25
9-20
8-16
7-31
8-15
8-
4
15c
pfd.
* 15c
15C
7%
*$1%
$lVa
_■
Power,
(quar.)
Hill
of Vft. ';_^—
RR.
(quar.)
Tractor
Patent
8-16
8-
5
75c
9-
Loan
;
Consolidated
Biscuit
Consolidated
Continental
6J/a 7o
7 7o
Edison
,
Crane
of
Co.
9-30
9-10
'
7-22
Deep
7-28
Detroit
7-15
Devoe
7-19
7-15
Class
Rock
9-
1
,40c
9-15
8-
6
—
5c
7-31
7-10
6>/a%
t
0-15
1-3-44
12-15
1
9-15
1-3-44
12-15
pfd.
$1%
______
&
2
7-20
2,
7-20
Diem
&
9-20
9-15
Dixie
Cup
8-
7-20
$2.50
7-31
Domestic
A
Coal,
77c
57c
Co.,
class
common
A
(quar.)
Industries,
preferred
-j-
^
preferred
preferred
(quar.)
(quar.)
—
...
11-20
9-
1
8-10
4c
8-31
8-21
9-
1
8-14
9-
1
8-14
25c
8-16
8-
5
30c
9-
1
8-14
25c
9-
1
8-20
9-
1
8-20
$l'/4
______
Paper,
Wing
12-15
25c.
<quar.)__
(quar.)_
I—
(quar.)
&
pfd.
9-10
25c
35c
—
class
1
9-15
9-30
$1
(irreg.)____
:_——
6%
Mfg.,
9-
$l'/4
87'/aC
(quar.)
(irregular).
(quar.)
preferred
Ice
—
Corp.
&
Raynolds,
B
i____—:
(quar.)
Oil
$1^/4
10-
25c
common
preferred
10-
(quar.)__
(quar.)
Corp., common A
Gasket
8-25
8-15
1
Y.__________
N.
preferred
common
9-15
9-15
9-
$1%
of
:___
Co.,
40c
9-23
(quar.)
America,
preferred
•5 7-20
1
9-30
$1.25
10c
(quar.)
convertible
&
2
8-
8-10
62»/aC
__________
$3.50
77c
•—
participating preferred (quar.)
Co., 5% preferred (quar.)
Creameries
Deere
(quar.)
(quar.)
Telephone,
preferred
participating
2
2
8-27
—
_____
(quar.)________
Consolidated Lobster
5To
Co.
(Indianapolis)
(quar;)
Community Public Service
2
.
c
"
preferred
cum.
7-19
"
Mfg.
8-20
37'/a
—
Co.
4
75c
____________
Co.
Fire-Arms
Commonwealth
8-
25c
Miscellaneous
8-
8-16
8-20
(quar.)
Cleveland
$2
*2453
■.
Chestnut
8-
$2255
.
8-20
9-
5c
Corp. '
8-
$1
X
9-15
9-
(irregular)
preferred
Diamond
$ 134
.
___
(quar.)
—__L
Northern
50c
Extra
9-14
-
10c
Malting
8-
•
$3'"v
$2'/2
).
vtc.
common
Dry Ginger Ale
20c
—
9-15
15c
Canada
8-
50c
$2Va
1
9-20
*5c
common
preferred
Common
10-
25c
■"
9
9-
9-30
25c
(irregular)
Crown Capital
____
1
Semi-Annual ■>.
6-30
■$ 7-15
*$iW
(s-a)
Virginia
7-28
$10
$2
;
8-
10c
(quar.i__
$1.75 due Aug. 1,1943 and interest thereon.
& Dominion Sugar- (quar.)
7%
Rochester,; N. Y,> (quar.)
Natl;. Bk. ^Nashville,- Tenn.)-(quar.)
Natl.
2
8-1
Y.)—
•Extra
Third
7-20
1 8- 2
Lackawanna Trust' Co. (quar.)
Natl. Bank (Paterson, N. J.r
Co.
7-24
2
8-
37VaC; '
-
2
$3
$1
Quarterly
Third
194
7-22
8-
.Semf-AnnuaLH;-_p—
Security Tr
194
of Ree.
1
12c
•
8-10
1
9-15
50c
preferred
shares
1
9-
-
Canada
Bearer
9-
(increased)
preferred (quar.)_
__I
Registered
;
:•
8-10
25c
(quar.)
Brothers
3
1
$1V4
common
Co.
Edison Co.
&
8-
8-15
9-
(increased)
Connecticut Power Co.
40c
National?Bank,"of•iNorwalk /(Conn.)
(s-a)
Provincial Bank nf Canada
(Montreal) —
:
Quarterly .,'.
Second
394
Holders
—
iMass j
8-25
8-13
9-15
$1
Canada
5 7c
(Pa.)
(quar.)____
- (irregular) _i__
(Mass.) (s-ai
Keystone National Bank (Pgh.) (liquidating)
Nassau County-Trust
CoXMineola, L. I.) —
Co,
1
50c
20c
iinterlm)___
M.)' 7% preferred (accum.
Representing the
quarterly dividend
Colt's
50c
National-Bank
9-
t
Mfg.
Chesapeake Corp.
share
(s-a)
*
8-20
75c :
common
convertible
Charis
Bank
7-21
Central Vermont Public Service—
Companies
Del.)
'
2
(quar.)
Byers' (A.
Canada
8-20
8-
(irregular)
Hose
Die
57o
1
.;
(
-
1
9-
75c
(quar.)
Falls
^
9.-
(quar.)
Tobacco,
Company
■
'
;
(interim)
Common
announced this week
™
Y.)
Corp.
Woven
Mills
9-20
60c
(quar.)„_:
$3
Buell
a
25c
;
Co.
1st
Special
Scranten
.-A--.,.,. *
Corp.,
3Y2?c^'sinking fund debentures due 1949
Boston
-
Wayne; National Bank
Public
1
1st mtge. bonds, dated 1936--——Nov 15
1st mtge. -4Vfefr bonds, due 1952—Sep
1
Pacific Western Oil Corp., 3V2% debs, due 1949
Aug 1
Norwell
Bordeh
75c
(quar.)
common
(quar.v
Inc.;
7 7c
1
$l'/a
__TTr~""
common
Stores
Buda
Name of Company
National
a
.
American
334.%
*2460
*2460
(quar.)
common
common
Diamond
1
Per:/
Hazeltine
:%
*1745
1
V
6
Blue
I;
National
Holyoke
$2152
Co., 1st mtge. 4% bonds—-—Aug 11
American Cement Corp., 6%, notes, series A, due
.
1948
199
8-
*2151; ;-29l
New York Fire Protection
'
;
10-
'
$1%
Show,
6 7c! preferred
2
12VaC
—
(quar.)
Brothers
Bourne
Angeles)
Equitable
,
North
Bloch
Volume 157.
y'-"-
Citizens
"
1;
conv;
Ptoducts' Corp.— '
199
87 ;.
1
1
1'.
bonds ———-Sep
^
1
~. //v.
310-yr. 31/2% conv. debentures due 1949—
Aug 10
"'10-yr! conv. VkVo debentures -—ii—i—a---—7-—--SeP 1
7-yr. s.f. 3*/4% debentures
—Sep 1
Mengel Co.: 1st mtge. 4Vi%
National Distillers
-
2
Oct
Trust
&
Savings Bank
(increased)
i
$2252 V' Citizens'Natl: Bank (Collingswood, N. J.) —
; x Annual '
;
„
'
preferred
77cpreferred
Aug
Bank and Trust
.
;v:lO-yr.'.5%.debentures due; 1950^——Aug
r
Aug
-
Co.,
Cadwell
Blauners,
$6
290
—Sep / 1
.■rjf/lst and ref. mtge. 5% borids, due 1944—3__i________Aug
Lehigh Coal & Navigation Cd., 4% fund. & impt. bonds/Jan
Lexington Ry. Co. 1st mtge, 5% bonds, due 1949-.-—Aug
Long Beach Gas Co., Inc., 1st. mtge.;5s, dated 1916-—Aug.,;,
i Majestic Radio. & Television Corp.--r^:-.'>: V.
■
199
Bohack,
follow with
we
-
/rThe dividends
:"
1
Aug
1st-mtge. 6s, due 1945_*——
•
*2056
Investment News Department" in the week when
(Los
bonds due 1947_
Interstate Bakeries Corp.-Schulze Baking Co.—
.
•
8-11
Co.1 (N
Refining,
Shoe
1
bonds, series A, due 1956——Aug
show the dividends
previously
we
declared.
;
Aug 10
7-20
(quar.)
convertible
2
Corporation
and
392
of Central America—
2
8-14
9-17
preferred
Bethlehem Steel,
Aug
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
-Oct. 1
——
8-
3C
Products
Mills,
Nov
James,
Then
Huntingdon & Broad Top Mountain RR. & Coal Co., 1st
II
$1
;
9-30
77c
Butler
290
due
Berland
are grouped in two
separate tables.
In the
bring together all the dividends announced the
we
which
289
390
/mtge. 6s, series A and B
*—-.—"—Aug. 9
Inspiration Consolidated Copper Co., 1st mtge. conv,.4%? .W": t .
preferred stock———Aug
debentures,
=»
400
Ltd.—
dated.''1924—
current week.
■
//./Z
1
4\\7o
__Aug 25
debs, due 1950 Aug
1
1953
6?o
DIVIDENDS
*2150
of Texas,
due
(Rudolphr)* Co., pr.eferred stock-
289
1
Oil Co.
Houston
A,
(Inc.)
.
fAimouncementtiry thistissue;. *in
v;
*1459
6%
Inc.,
Industries,
Beaunit
Dividends
1
Higgins
'
*2259
Brothers Co.—v..'.
Alexander &
first
1
9-16
preferred
Radio
&
$l'/a
series
^
389
1
1
8-16
1
9-20
Petroleum
Buck.Hills
\
9-13
1
9-20
preferred
Brooklyn
6'/4 % serial gold bonds dated
-Aug 16
——
Preferred
6%:
Bandini
1
289
■
4,
9-
10-
1
Refining
Beaton
Aug
gold debentures extended at 57c to 1947
Pictures, Inc.,. 6% debentures, due 1948
stock U—
"
4
lst.-mtge.. 68,
388
1956
Publishers
Collateral trust 4'/a %
'
Inc.— '
Publications,
71st mtge. & collat. trust
bonds,
&
due
Bros.
.Wurlitzer:
1
1
10-
4c
1
Gold-'MineS
Baltimore
Ltd.—;
•
15-yr. 5 % convertible debentures, series B, due 1951—Aug
Hearst
A,
198
15
Aug
preferred stock._Nov
-
.
<
1st 4s, series C, due 1955
Malting Co.,
1946-1950
mtge
—
—
15-yr.
W6od,
-
—-
A,
income
Printers
Warner
•'
Federal
5s,. series
Corporations,
5Vxr%
5s, due 1965
——
——
Sep
1
J Elgin,.' Joliet & Eastern Ry. 1st mtge. 27*'/c bonds, series
:•
f
mtge.
Valvoline Oil Co.~
188
Aug 23
75c
$134
10-
Co.,
Bagley Building Corp.,
94
United'
1
t
______
T_T3""
Co., Ltd.,
(quar.)
&
'
1
9-13
10-
Autocar
*2355
387 :
1
due
Aunor
399
9-
1
$lVa
Cork
Oil
9-15
10-
$ 1V2
preferred
197 '
25C
(quar.)
convertible
5 7c
(qua'ri)
'
Leather—
Tobacco
Atlantic
,
'
•
(MoT
:
common
Co.,
B.(quar.)__
295
v..
8-20
(quar.)
Re-Insurance
Ashland
1
(quar.)
Radiator & Standard
Sanitary—
Armstrong
295
—Dec*- 1
;
Warren
6
1949
*
9-
,
(quar.)
Paper
American
47c
9-10
15C
American Rolling Mill Co.
•
9-10
1
preferred
7fU'■}preferred
'Class
197
1
preferred
Metal
American
*2353'
7-22
1010-
1st
&
preferred
American
*1565
5
50c
vi_
2nd
Hide
American
93
.V
288
'
2
——Dec
—
notes due
5%
-Conv.
i
1945
1
1
•
.
Aug
1
84
;;trust
''
1
United
———--Aug
1955—Sep
1951—Sep
1952—Sep
93
Aug
pref. stock_Aug 25
1st ref. mtge. bonds——
more,
•
1
Terminal Co.,
84
1
Cudahy Packing Co., 1st mtge. 33/4S, series A, due
Danville Traction & Power Co., 1st mtge. 5s, due
Deep Rock Oil Corp., 12-yr.. 6% debentures due
Dominion Gas
&
Electric Co.,
6 V'a Ci - collateral
—Aug
California,. 3% I/debs.;: due 1959-i_v _-__Aug
1st mtge. 3%% bopds, due
1967—Aug
>United Amusement'Corp., Ltd.—
*2146
10-yr. 4% notes due 1950. ._Aug 20
Light & Power Co. of Balti- V < *
Electric
due. 1947—
2
8-
-(irregular) """"
(quar.)
"~
Ga., $2 pfd. (s-a)
of
Felt,
convertible
6%
Oil Co. .of
1st
386
—
Development Co., Ltd., 6% red. conv.
mtge. bonds,
Union
288
•
due
American
8-
50C
v.
preferred
Co.
&
preferred
196
12-yr. 33/e%
series B,
$6
67»
Corp.—
bonds, due 1979—
4 '/a %
Union
,
83
1
1
1
1
6s,
1st
-
I' 288
Aug
1
———.Aug 31
(1st
:
356
15
1946—_
due
1
Struthers-Wells-Titusville Corp., 1st
5y2%, due 1949
Aug
3
Tampa Electric Co., 7t« preferred
stock, series A
Aug 15
Trustees of Temple.-Baptist
Church, Memnhis, Tenn.—..w , )
..
Sep
Carolina, Qlinchfield & Ohio. Ry., 1st 4s, ser. A. due 1965_Sep
Chesapeake & Ohio Ry. series A preference stock-—-Oct
Ref: & improv. -SteM bonds, series E. due 1996———Aug
Chicago & Western Indiana RR. Co.—
-1st '& vet. mtge. AV\% series D bonds, due 1962.
Sep
Cincinnati Gas & Electric Co.—
'
W/e
20-yr.
mortgage
1st
_Aug
Creamery Co., $5 preferred stock ——_——-Oct.
Pulp & Paper Co., Inc.— .•<(.•:*.
•>.
Beatrice
•
*2143
2
mtge..
—-—
Sep
Hair
American
Ottawa.—
debentures, due 1950
Aug
1
Bag & Paper Co,,. Inc.—
1st mtge, 4
bonds, due 1955
—Aug 1
South. Calif. Gas Co.,?lst
mtge. 3yi% bonds due 1970 Oct
1
Southwest Natural Gas Co., $6 div.
pfd. stk., series A—Aug 13
Southwestern States Telephone
Co., 1st 6s, due 1948—Sep
1
252
1
Aug
——:
of
77o
Furniture
294
-x.
Shawinigan Water. & Power Co., 1st mtge. & collat.
/xx.
trust sinking fund 4%
bonds, series F, due 1961—Oct
1
156
$1
preferred
6%'preferred
196
1
bonds,-due 1936-1955—
Sinclair Oil Corp.,
Southern Advance
Works—
mtge. bonds, due 1950—
Corp.
294 n
1
—Sep
—
Episcopal
Joseph Ry., Light, Heat & Power Co.—
1st
81
•
Baldwin
*2443
Aug
preferred stock
■
When
common
American
67n
its
light
Payable
(accum.)
Ins.
Co.,
397
1st .mortgage 4y2%
bonds;
Safe Harbor Water Power
1
—-Sep 22
1955
f. bonds, ser. B, due
s.
Note
American
4%
Delaware—
of
Bank
*2353
D
electric
50c
Automobile
.
American
of
v'/x
(quar.)
Discount
St.
1
American
net
a
433/4C
common
American
Catholic
reports
operation
Co.
294
2
of
no
share
(quar.)
Business Shares
155
1950-
.
per
col¬
102.89%
and
(quar.)
Arch
Can,
Roman
.
:/
bonds,
mtge.
*1417
1950-^ug
Inc., 12-yr. 5% notes due
Power Corp.—
<fc
1
A
American
Paper Co.v 1st mtge. 6s, due 1945'—
Aug
Rochester Gas & Elec;
Corp.., series C preferred stock__Sep
*2141
——Aug
1.
Products,
mu¬
Co.—
preferred
American
S'/anotes.—
to
and
the
utilities.
92
Series
1953—;
from
waterworks
196
D
River Raisin
81
>.
loans,
profit
(liquidating)
Leather
convertible
American
——
in.
The city has
levy.
bank
3
series
<
Continuental Corp.—
&
debentures,
Arizona
preferred stock, par $5___"__July 30
bonds due 1952__—__Dec
1
debentures, due 1951—
Aug
1
amounted
current tax
—Aug
1
Railway Equip. .& Realty Co., 1st mtge. 4!/2s, due
l949_Aug 11
Republic Steel Corp.,' gen. mtge. 4yas, series
B, due 1961.Aug
1
purchase money 1st mtge,. conv. 5%s, due 1954—.Nov
1
$2208
Bridge Corp., 4%
Investment
Class
294
,
•
Accessories
87e
Allied
———^,Aug"
-
,
Aircraft
lections
Per
*2455
Co,; Ltd., Inc,—
>
Preferred stock, ;4y4% series..—
Aug
Preferred stock, 4 yz% series—
Aug
Phillips Petroleum Co.,'1%% debs., due
1951—.—Aug
Protestant Episcopal Church in the
Diocese of Chicago—
the
debenture debt of the
Name of Company
bonds
&
in
nicipality is less than $87
capita, while in 1942 total tax
sold by tender
Amalgamated
1972
Co.,
credits
Quebec,
farming area, there are in
city a number of manufactur¬
Net
22 carried the fol¬
Alliance
196
Co.—
bonds, due
1908.
Philip. Morris
and common stocks called for redemption,;
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in *
which the details were given in the "Chronicle."
Page
Company and Issue—
Date
of
ing industries, which make agri¬
implements, pipe organs,
396
1
the
textiles and leather goods.
•
Gundy Corporation,
Limited. The new issue, amount¬
ing to $444,000, for local improve¬
ment purposes, carries interest at
Aug
Philadelphia. Rapid
preferred
municipal
Page
,
other
for
cultural
of July
Date
4
Five
received
rich
a
the
to The Wood
stated
was
cost
35 miles southeast of Montreal
Due in 1944
Hyacinthe, Que.
bentures has been
Ont.
city.
a
due to itsstrong financial position and good
fiscal management. Located about
lowing report:, A new issue of
City of St. Hyacinthe 3'%% de¬
to
the
were
Province
Bonds Sold—The Montreal "Ga¬
zette"
■
Catherines,
best
Claire, Que.
-J/;
St.
is
1944-
price
3.32%
The City of St.
Hyacinthe has
long been regarded as one of the
basis of about 3.87%.
improvement
which
to
from
tender
issue.
cently by L. B, Beaubien & Co. of
Montreal, at a price of 101.07, a
3*/>%
matures
The
tenders
is said to have been purchased re¬
ONTARIO
St.
Philadelphia Electric
Notices
a
Point
Pennsylvania-Central Airlines Corp., $1.25-conv. pfd. stk.
Aug 16
Pennsylvania State College, .3 ¥2 % serial notes
Redemption Galls and Sinking Fund
B elow:will be found
stated
street
?
,Company and
,
about
1, 1953 to
part of said bonds
be redeemed, at the option of
may
a
:V
^
is
It
—
were
Aug.
$1,000
102.63,
Due in from
after date of issue.
that
John, N. B.
Sold
■1962.;
that the bonds
Clerk now reports
of
Bonds Sold—An $88,000 issue of
4% semi-ann. improvement bonds
&
Co.
of
Toronto, the
Royal Bank of Canada, of Mont¬
real, and T. M. Bell & Co., of St.
John, at a price of 100.63, a basis
$16,000
246—the
p.
against
amusement
operators when the State collected
prosecution
to 10 years
Ames
connec¬
of the
sale
price
a
QUEBEC
29, 1943.
purchased recently by
syndicate composed by A. E.
a
bonds to the First
National Bank of Sheridan, as 2s,
of
threats
St.
$162,000 .23/4%,
fire equipment
found to be
than
"
bonds
Details—In
Sale
Bond
tion
at
basis of about 2.51%,
NEW BRUNSWICK
*
Bonds
Wyo. t
Sheridan,
business collecting the tax are
increased
taxes
in
most
cases,
more
V
for
but use it to
funds for post¬
semi-ann.
or
was
1943 and due Oct.
WYOMING
or
basis
$55,000,000 Treasury bills was
sold on
July 28 at an average
yield of 0.498%.- Dated July 29,
ex¬
and
1962.
of
war
revenue
3^5%
improve¬
$102,207
one
An issue
—
semi-ann.
Toronto,
Canada (Dominion of)
t
3%
bonds were purchased re¬
cently by Wood, Gundy & Co, of
SECTION
Treasury Bills Sold
public works programs.1
war
non-payment by the organization
since such action
; .
-
mission charge.
Penalties
ap¬
■
purposes,
from date.
CANADIAN
Washington pities
municipality has to
pass an ordi¬
requiring payment of ad¬
mission taxes
and
setting
the
amount of the tax.
The levy falls
upon th0 person paying the ad¬
447
ment
change expectations. Several
"boom" cities are collecting
ceptionally high yields.
•
State, according to
Municipal Associa¬
American
the city, on any interest date after
proximately 50 cents per capita.
Local
conditions, however, may
basis of 1942 admission taxes col¬
the
a
expect to
may
CHRONICLE
or more
city with a
will
collect about 75 cents per capita.
Cities with less than 20,000 popu¬
were
levied earlier in the year after
& FINANCIAL
9-
1
8-20
$l3/4
8-
1
7-26
$1Y4
8-15
7-31
25c
10-15
9-24
10-
1
9-10
15c
8-
2
7-27
8-
2
7-27
*30c
8-25
7-31
$10c
(quar.U—
62»/aC
50C
_____
common
9-30
8-25
25c
8-31
8-23
Formerly known as Domestic Finance Corp
Companies
Dominion
50c
8-14
3c
10-15
9-30
5c
10-15
9-30
'
7-31
Bridge
Co.,
Dominion
Stores,
Ltd.
Doyle Machine
& Tool
Ltd.
(quar.)
(quar.)
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
Name of
Durham Hosiery
Eaton
Mlg.
Electric
'.■■A
Holders
Payable
7-23
2,
Parkersburg Rig
8- 9
8-20
X:;,8-i3A
$5»/2
Federal
Bake
Common
5%
Shops,
(s-a)
Cnemical
6%
pfd.
9- 4
9-
1
8-21
25c
9-
1
8-12
Peoples Gas Light & Coke Co.
Petroleum Exploration
(quar.)
Corp.,
Acceptance
8-13
1
8-13
1
9-30
9-16*
(irreg.)
45C
9-15
9-
preferred
9-15
9-
6
25c
8-16
8-
5
37 >/2c
«-W—
8-16
8-5
35C
8-16
8-
i:-
7-20
—
(quar.)
preferred (quar.)———
Works, 1% pfd. (accum.) ——
convertible
7%
General
Iron
$3j/2
$1 Vb
Works
& Elec., $3 preferred
quarter ending March
A
31, 1943, and 75c payment for quarter
"ending June 30, 1943.
Golden Cycle Corp. (quar.)
—
Water
General
75c
Guif
Co.
Mfg.
Oil
Corp.
Hajoca Corp.,
6 %
(quar.)
Stores
9-15
9-
1
1
50c
9-
1
8-13
9-
1
8-13
9-10
Battery
Kansas
Republic Drill & Tool, common
9-
1
8-16
Robbins & Myers,
8-25
8-14
Saco-Lowell
9-
1
8-20
8-
7-24
8-20
Sears,
1
8- 9
Sedalia
9-1
8-13
9-
1
8-18
40c
7-30
7-26
75C
8-13
8-
8-14
8-6
Tourneau
(R.
$4.50
Yards
$1
•
Mines
Lehn
Fink
&
&
6%
Taylor,
1st
Luther
Mfg.
Macmillan
$5
Co.
Co.,
Fuel,
8-16
8-2
Standard Natl. Corp.
8-28
7-30
8-16
8-25
8-10
8-31
A
7-31
8-16
8-31
8-31
Struthers
9-
1
8-13
Stuart
25c
9-
1
8-
9
$1.12 y2
9-
1
8-
9
9-
1
9-14.
25C
8-10 :'j
V
7-30
10c
8-23
8-
$1
7-31
7-21
6*
(•h
____
(quar.)
6%
Co.,
pfd.
Meadville
Telephone
Co.
Merchants Fire Assurance
Ejxtra
(N.
Y.)
Middlesex
Midland
Water
Life
Carpet
Monarch Life
Ins.
7-26
1
8-16
50c
8-
1
7-22
5%
United
Class B
Montreals
Cottons
preferred
Ltd.,
9-15
Gypsum,
National
;
Lead,
$4'/2
preferred
preferred A
National
i-A;
iquar.)—
Machinery Co
Supply, 5J/27e prior pref.
prior preferred (accum.)
6%
$2.10
preferred
National
Tool
National
Union
Extra
Amsterdam
New
England Water
6%
preferred
New
Haven
New
Jersev
Clock,
7-23
Westmoreland
Coal
8-18
Westmoreland
Inc.
9-10
Westvaco
$1%
9-15
11-
9-
1
7-30
9-
7-27
Whitman
V/iebolt
6%
preferred
9-17
9-30
Wilkes-Barre Lace
Will
&
_______
Co.
(N.
Y.)„___
pfd.
6Vs>%
(accum.)
8-
9
New
_____
preferred
York
$5
&
(quar.)
"referred
_________
Lt. & Pow.,
Queens Elec.
non-cum.
_—_
8-
9
dends
9-15
8-31
7-31
9-
1
8-
8-
2
4
8-16
8-
9-10
9-
8-16
________
Nonquitt Mills
Norfolk
&
Northern
___
Steamboat
Waslrngton
Insurance
(C^as.
Noves
Ohio
Power,
Ohio
State
Co.,
F.)
*Va fr
Li"e
Co.
(N.
6%
preferred
Os^'osh
B'Gosb„ common
Otis
6%
(quar.)
Elevator /Co..
preferred
Pacific Fire
common
(ouar.)
Insurance
(s-aI
Co.
$1 V4
A25c
(quar.)
9-14
____
and
8-14
9-
10-15
Trust
8-20
American Nat'l Bank & Trust
8-
6,
American
1
9-
8
Properties
6
Bank
8-13
7-27
Bank
8-16
8-
6
Bankers Trust Co.
8-18
8-
9
2
7-28
1
8-
4
2
7-21
1
8-16
of
Montreal
of
Bayside
Toronto
(N.
1
7-31
8- 2
7-20
$VA
8-
2
7-29
H.)—
50c
8-
1
7-22
i$iy2
8-
1
7-15
60C
(quar.)_A
Tr. Co. (Rich., Va.)
8-2
—
'i'
C.)
2
>>1 f'
iUi
8- 2
.
7-20
15c
7-25
ivf;-.'!'•
—
7-28
8-
2
$2
8-
2
7-22
$7
(quar.)
(N.J.)
7-17
■
8-21
8-10
$iy2
(D.
7-15
8-
$iy2
:
(s-a)__
50C
'•
8-
1
7-21
8-
v
$2
class
1
7-25
B
30c
(s-a)
com.
3-31
7%
11-15
preferred
Alabama
8-14
6%
8-20
Aloe
9-15
(A. S.)
Alpha
8-14
(quar.)_
pfd.. (quar.)____
Co.
7% pfd. (quar.)__
Gas, 7%
pfd. (quar.)
funds
1
less
of
8-10
9-
8-16
8-
A'8A0A
Co.
Goods
Aluminum
9-11
10-
1
12-29
pfd.
9-21
9-25
9-
8-16
8-10
7-30
7-21
Y
5
»-
1
8-12
S.
$iy2
5%
7-16
8-2
$$2
U.
8-31
12-18
,
1
25c
(quar.)
9-1
"10-
20c
(quar.)
y
8-1 ;
$iy4
common
8-
5
6-30
1
9-16*
50c
A
9-30
50c
12-31
$1%
common
(quar.)
9-30
9-15
12-31
12-15
1%
preferred
(quar.)
7%
9-20
9-
50c
in
,
8-2
10-1
87y2c
tax)
Canada,
Mfg.,
Manufacturers,
Common
9-20
7-31
$1%
;
•.
Canadian
Aluminum
Aluminum
9-15
1
$l>/2
:
Cement
Aluminium, Ltd., common (quar.)
6% preferred (quar.)
(payable
8-10
8-10
7-31
9-
$l'/4
Steel,
(quar.)
Portland
7-23
1
$l»/2
6%
(quar.)_;
Ludlum
2
9-
t$l%
preferred
Allentown-Bethlehem
12- 6
9-
$5
Markets,
preferred
Allegheny
8- 6
(quar.)
Power,
Alberts Super
1
8-
140c
t20c
Stores,
10-
25c
Shoe
1145
preferred
(quar.)
$1%
■A 9-15
12-15
Amalgamated Leather Cos.—
6%
convertible
American
American
preferred (accum.)
A
Sugar, 5c/o preferred
(quar.)
50c
8-12
12»/2c
American
When
8-
3
National
Bank
10-15
10-15
9-
t$2J/2
Light
Envelope
$1%
Co.,
7%
pfd. A
A' 7-31
$7
preferred
9-
1
8-14
American
8-
2
7-20
(s-a)
25c
8-
2
7-
7
$3
75c
8-
2
7-
7
American
American
A
&
Quarterly
40c
(Forest Hills,
N.
Y.)
1
8-20
Bridgeport City Trust Co.
fConn.)
1
8-20
Bronxville
Y.)
25c
9-20
8-25
Central
$l.v2
9-20
8-25
Chase
$1/4
8-14
Trust
National
National
Commonwealth
Co.
(N.
Bank
Bank
Bank
(s-a)_
(Cleve.)
(quar.)__
(irregular)
(Detroit)
"
8-
1
______
9-11
50c
$1%
8-16
8-9
9-15
8-21
9-15
8-21
(accum.)
General
$2
Corp.,
pfd,
(quar.)
Products
8-
2
7-20
(monthly)
9-
1
9-
1
8-13
75c
Corp.
50c
62 V2 c
9-
1
8-13
20c
9-
1
.
8-13
8-14*
8-
2
7-20
8-
1
7-23
,
40c
'
,f
?5c
8-
2
7-23
70c
8-
2
7-
|2
8-
1
7-20
A
8-
2
7-14*
25c
10-
1
9-
10-
1
9-3
common_____i.
30c
8-
2
7-20
—_______
37V2C
8-
2
7-19
■
(s-a)
11-25
5c
7-31
75c
•
8-14
(quar.si
(s-a)
8-25
1
20c
—;
Bank
1
$1.20
Elack Rock Bank & Trust (Bridgeport, Conn.)
Boulevard
'
1
9-
12-
$1.40
5%
preferred (quar.
preferred ,(quar.)__
Home
A
—________
Lines,
$2,50
Extra
2
pfd. (quar.)__
pfd. (accum.)
,
Export
American & Foreign Power, $6
25c"
A
A
7-12
Corp.—
$i%
(quar.)
______
7-22*
7-23
•
class A
V.: Semi-Annual
9-25
1
2
(quarj
American
1
8-
8-16
A (quar.)„—A_A——
American Equitable Assurance Co. of N. Y.^—
10-14
10-
7-12
(opt. div. series of 1928)
37Vic in cash or l/64th share of class B
conv.
American
10-8
J$l'/2
Y.)
&
>A 7-17
:
10-
of Reo
$2
A
(N.
—
Power
1
2
75C
Co.
Co.
Cities
8-
15c
$2.75 class A (opt. div. series of
1936)
Y
34%c in cash or 1/32 share of class B
\
Holders
Payable
Book
(quar.)
8-
25c
Barge Line
American Can
—
(quar.)
9-
8-6
.
$2
(quar.)___
(Des Moines)
9-
7-12
1% ^preferred
(quar.)
(Mobile)
37J/ac
—
2
9-
Corp.
Agnew-Surpass
8-14
101010-
50c
8-16
8-
(Chi.)
National Bank & Tr. Co.
———:
—,——
7-20
9-30
Industrial and Miscellaneous Companies
Adams-Millis
M4
A:
2
10-15
8-
:
Bank
7-21
t80c
40C
APW
8-
3
7-20
2
$2 y2
(Conn.)
Nat'l
7-
t$iy2
(quar.)
of Nashua
&
8-
$20
Co.
Bk.
Englewood
8-14
8-14
—
Quarterly
10c
(irregular)
Planters
8-10
Companies
—_
(quar.)_____
(quar.)
Bank
:A
1
1
9-
share
Quarterly
1
9-
(Montreal)
Trust
West
1
9-
announced in previous
Bank (Pittsfield, Mass.)
9-
13c
Co.
2
1
7-
vYy8Y 2
$2i/2
Washington Trust (Westerly, R. I.) (s-a)__
Waterbury Natl. Bank (Conn.) (s-a)
8-13
10-
Per
Agricultural Nat'l.
$1
$l'/3
Trust
7-
—
;
Quarterly; j
Washington LoanTr. Co.
8-14
week, these being given in the
'
8-
C.)
-.
7-30
$3
Bank
5
$2
22'/2C
(quar.)_
D.
(N. Y.) (quar.
Tradesmens Nat'l. Bank & Tr. Co. (Phila.)
The list does not include divi¬
paid.
10-
$'V,
(quar.)____
(quar.)
1
(Wash.,
15C
Trade Bank & Trust Co.
8-20
preceding table.
12V?c
$iy2
(quar.)
—
Co.
(s-a)____\
preferred
Insurance
Co..
preferred
Y.)
preferred
Ok^nite
*1.y2
com.
(quar.)
Weaving Co. (quar,)
Hundred Corp., class B (quar.)__
Wire
Nineteen
:—
Name of Company
11-
Bank,
8-
$2%
Semi-Annual
8-10*
9-15'
10c
(quar.)
8-20
50c
$l'/4
$l3/4
(Pittsburgh) (s-a)
(Phila.)
(quar.)
Co.
State
$1%
$174
75c
$1
(quar.)
preferred
this
announced
7-21
1
7-20
$1
Stamford Trust Co.
35c
Co.
weeks and not yet
8-30
50c
—
7-22
_______
& Light Association—
Common
Niagara
'
(quar.)
give the dividends
we
8-30
•
8-2
$1
(quar.)
Amalgamated
Below
8-10
50c
2
8-
9-17
$i
$iy2
$4.87y2
8-
(quar.)
(Los. Ang.)
(quar.)
(Quebec)
(quar.)
Simsbury Bank & Trust Co.
A
9-17
2T5c
■
7-26
2
(s-a)
8-10*
99$1
8$1, :: .'8-
Mfg. Co._
Candle
Baumer
Trust
8-10*
812-
25c
preferred
prior
(quar.)
$5
&
(Pittsburgh)
7-21
$174
25c
—
Products,
1%
(Wrn.)
Stores,
8-16
1
9-30
9-30
3
10-22
Trust
Trust
Sherbrooke
8-10
________$19'
(quar.)
$iy2
(quar.)
Co.
convertible
—
8-20
Chlorine
-
25c
25c
1
Newport News Shipbuilding & Dry Dock—
$5
-
(irregular)
common
2
9-30
&
Bank
Bank
preferred. B (s-a)
Security-First Natl. Bk.
'
(quar.)
Zinc
25c
$1
—
10C
Casualty
$1%
______
9-
7-31
50c
,
Insurance
tquar.)
New
Co,
(irregular)
Nat'l
State
Common
9-4
8-15
10-1
9-20;
8-20
9- 1
9- 2
9r 1
9- 1
9-20
8-28
9- 1
8-31
50c
$1
8-
11-10
$1%
—
Brothers
8-15
30c
$22%
—
9-15
1
8-13
$iy2
(accum.)
—
Neisner
:
preferred (s-a) ————
Westinghouse Air Brake
—
Westinghouse. Elec. & Mfg., common.—
7%
participating preferred
—.
25c
(accum.)
Co.—,
Fire
8-6
5%
15c
Rubber
National
9- 1
8-27
7-28
8-15
Common
Sugar,
Y.
;A 5 %
11-10
$iy2
Cos.,
6
30c
6c
(quar.)
Protective
8-
11-10
25c
(quar.)
preferred B
6
1
i2y2c
6%
8-
50c
$1% ;
$3>/2
20c
25c
$1VB
.
(extra)
(quar.)__
common
1%
National
8-17;\
8-17
Second National
1
12-
1
8-
$1
5% preferred (s-a)
Royal Bank of Canada (quar.)_
Royal
12-
$2
8-
$10
1
8-10
12-
37y2c
7-20
$iy2
Extra
8-16
$2.25
Mills
National Container Corp. (quar.)
National Electric Welding Machine
2
(s-a)
N.
9- 1
-
Virginia Coal & Iron (quar.)
—
Virginia F:re & Marine Insurance (s-a)
Wagner Electric Corp. (quar.)
Warren Bros. Co., class B (accum.)—
Warren
(Northam)
Corp., $3 pfd. (quar.)
Indies
Bklyn,
9-1
West
8-14
of
Riggs National
8-10
8-16
8-30
9-28
12-28
8-
(s-a)___________
Rhode Island Hospital Trust Co.
9-13
8-16
9-15
(Conn.)
8-30
1
9-15
.
Bank
7-31
$2.25
.$4% preferred A (s-a)__________________
$4V2 preferred B (s-a)
$4 preferred C (s-a)
8-15
Haven
Provident
9-29
t$l
$$1%
1
7-24
10-1
1-1-44
$2
(s-a)
Potter Title
9-
7-27
$l>/4
________
(quar.)
common
8-25
$1
50c
50c
$174
75c
Washington Railway & Electric Co., com.—
$9
Participating Units
—
2272c
8-31
5r/o -preferred (quar.) r_—
—
/■$1.25 ;:-x • 9- 1
57c
preferred
(quar.) _____
——<—;
$1.25
12- 1
5 %
preferred (s-a)
$2.50
12- I
Wesson Oil & Snowdrift. $4 conv. pfd. (quar.) A
$1
9-1
West Canadian Hydro-Electric Corp.—
<■
80c
participating preferred (quar.)
J20c
9-
9-
(irreg.)__
(Boston)
8-21
(irregular)
Steel
Vanadium-Alloys
9-
(Conn.)
Co.
8-10
50c
___
(quar.)
$5 preferred (quar.)
Monsanto Chemical,
77c
Co.
Trust
Polithania
Steel
9-10
8-13
$iy2/A
2
$5
Trust
75c
preferred (payment clears all arrears)
Playing Card (quar.)
Corp., common
—
preferred
(quar.)
—.—a
S.
S.
10-1
25c
(quar.) ;
com.
(resumed)
30c
9-15
(quar.)__
(Mass.)
Pittsfield Third
(resumed)—
class A
$1.50
$1
(quar.)
77c
U.
Distributors
Shirt
Universal Insurance
8-24
Bank
7-10
8-
$iy2
8-27
$3
Chemicals.
Foil Co.,
S.
U.
9
National
(Chicago)
7-19
10-11
8- 2
t
—
.
8-3
9-
C.)
8- 1
10-15
Y
$l'/2
Extra
New
.
9-
$1*A
Co.
Co.,
Motor Finance, common
National
Products—
convertible
7-26
6
7-31
7-31
50c
(Wash. D.
8-11
(quar.)
8-3
(Springfield, Mass.) —
Spinning
Nashawena
preferred
U.
8-
2
20c
(quar.)
(s-a)
$1,25
Explosives (irregular)
———_—
Coal, common—-——-—-
516 7c
7-26
8-16
8-
8-16
$1
Security Bank
Quarterly -.
5
25c
Quarterly
National
10-
50c
(s-a)
Y.
N.
9- 1
9- 1
8-31
8- 7
9-10
9-15
12J/2c
20c
20c
(quar.)—
3
50c
J.)
,9-15
(quar.)
Louis)
(St.
8-
$1%
(N.
$1%
Oil
Corp.
United
Mills
Monomac
7%
Insurance
$1%
Semi-Annual
:
Associated
Water
7-31
Mmneapolis-Moline Power Implement Co.—
$6.50 convertible preferred
(accum.)
Mohawk
Co.
of Auburn.
7-26
10-15
7-13
7-20
7-26
Trust
10c
15c
8-15
8-20
&
35c
(quar.)
7-20
9-1
7-20
10-14
Oil
&
Truax-Traer
8-2
2
8-2 I
10-15
Pacific Coal
Triumph
$2ya
National City Bank (N. Y.)
Natl. Savings Bank & Trust
-
8-
7-22
7-19
9-15
(quar.)
National Bank
8-14
8-16
7-28
7-13
3
50C
Insurance
6-25
8- 5
2
$20
(Mass.)
(s-a)
Trust Co. (Phila.)
Mid-City Bank
7-24
7-28
8-
50c
Co.
9-15
A 7-24
2
$2
_____________________________
Trust
Montclair
2
8-
$1!V
Quarterly
Maiden
?
,
2
(quar.)
Mutual
1
6
Quarterly
1
8-
2
8-
1
Bank (Brockton, Mass.) (s-a)
Trust
Co.
(Providence, R.I.)—
9-
8-
A-
■
$3y2
——
(s-a)
25c
.
2
———.
Industrial
$3
C.)
50c
12C
D.
(s-a)
Home National
8-14
8-25
(s-a)
(Wash.,
(Mass.)
2
25c
7 '/r preferred (s-a)
Merritt-Chapman
Scott—
GVi % preferredAA Taccum.)
Metropolitan Storage Warehouse
Michigan Associated Telephone Co.—
6% preferred (quar.)
Michigan Sugar Co.. 6% pre.'erred (accum.)
7-31
(N. Y.)
Bank
12-15
8-
:
'
Bank
Natl.
Hingham Trust Co.
7-31
7-15
9-15
12-15
8-1
8-
*•
National
Hamilton
2
9-15
$1V2
A>:; 8- 2
75c
A_.
———
Grace
8-
$lJ/2
$1
8-
(s-a)",.
—
75c
50C
37V2C
(Conn.)
(Wichita, Kan.) (quar,)_
50c
;./>• $lJ/2
(quar.)
Trust
$ 1 Vz.
Bank
(s-a)
9-30
(quar.)
&
7-22
(s-a)
9-30
____
Bk.
7-20
8- 2
Paterson Savings Institution
(N. J.)
Peoples Industrial Bank (N. Y.) (s-a)
$iy2
—
Natl.
8- 1
Peoples Nat'l. Bank
8-10
9-15
200
75c
8-31
preferred (quar.)
preferred (quar.)
United Engineering & Foundry, common™'7%
preferred (quar.)
—_______—___
United Gas Corp,
$7 preferred (accum.)—
United
Specialities Co. (irregular)
(quar.)
;
(Quarterly)
;10-20*
6
(Bethlehem, Pa.)—
Quartely
10-20*
7-
8- 1
Semi-annual
Fourth Nat'l
9-30
1
7-23
50C
&
8-
8- 2
10- 1
7-20
7-31
10-11
N. J.)—
$2
$10c
Title
8-10
Orange,
8-14
Tide
7-23
(West
9-1
9-15
9- 1
.
———
8-17
8-2
Bank
(irregular)
——
125c
Sun Oil Co. (quar.) —_——25c
Swift International Co., Ltd. dep. ctfs. (quar.) 50c
Common
United Aircraft
$3
National
7-15
10-15
England
8r
50C
_
1
8-1
Britain
9-17
9
11-
New
8-16
25c
$iy4
(quar.)
20c
Y
New
8-'2
$2;
■;
n
preferred
2
8-14
1
9-
8-
7-22
8-14
Texas
10-1
9-30
9-1
8-
$2 ?
7-15
1
9-1
(quar.)__
__________
9-21
$iy2
2
Bank
First Nat'l Bank & Trust
8-10
9- 1
8-16
2
$25c
participating preferred
A
Extra
6
1
*
8-
810-
$20c
Class
1
9-20
$1%
6272c
9-25
12-26
20c
First Stamford
7-31
1
1
1-1-43
$2
7-29
7-31
20c
10*
10-
$2
•
Nat'l.
Needham
8-
8-21
9-30
■
10-15
---Semi-annual'
8-30*
9- 1
7-31
10-31
75c
V
-
7-31
1
1
—
(s-a)
J.)
First Nat'l Bk. & Trust (New Haven, Conn.)—
Semi-annual
8-
1
8-
$3
Kings County Trust Co. (Brooklyn)
(quar.)
Lincoln Nat'l. Bk. & Trust (Syracuse, N. Y.) —
$19.25
$1
15c
.
(quar.)
(accum.)
10-
8-31
$1
,
pfd. 2nd series (quar.)
Mayfair Investment Co. (California)
■
A.)
(D.
preferred
Corp., $1V4 pfd.
Oil Co., Ltd.—
Taylor & Fenn Co. (quar.)
Tech-Hughes Gold Mines (interim)Telephone Bond & Share—
77c
1st. pfd.
(accum.)
$1
_
Paper Mills Co,
Field
Extra
Wells
$2
A-
(quar.)
6%
■•
,
50c
(monthly)
_
Marshall
6V27'
Stromberg-Carlson.
1
35C
(accum.)__
7% pfd. (final)
(N. Y.)
Conn.)
N.
9-2C
—■■■
1
—....
_____
preferred
;
10-
Refrigeration Co.—
preferred (accum.)
8%
Extra
■.
10-
(quar.)j
(quar.)
(quar.)
77«
noc
Manhattan
Marathon
Co.
6V2%
110c
A
6
9-
(N
11-
$iy2'
7-24*
8-20
9-15
8-16
10- 1
-10- 1
7- 1
7-20
8-
1
20c
-
(Paterson,
8-16
10c
$1.50
40c.
t$2
$1%
pfd. (dividend clears all ; arrears)
Stonega Coal & Coke (Irregular) __________
Stouffer Corp, class B (quar.)
50C
——
common
Water
Standard
$iy2
(quar.)
non-cumulative
$4.50
7-22
15c
(quar.)
common
preferred
Inc.
$5c
—
Lord
Spiegel,
(New Haven,
Bank
-8-31
-
,
partic. pfd, (quar.)
Inc.
conv. preferred
(quar.)
7-24
00
(Macon, Ga.) —
$l Vi A 10-15
-
6%
Investors,
Sovereign
25c
preferred
___
Canada Pow,
South
1
8-
$lJ/4
_
Lockwood Co.
.
Bank
Natl.
First
7-27
8-18;
9- 1
•
7-31
8-2
8-
(Southampton,
(N.
Y.)
First Nat'l Bank (Stockton, Cal.)
(quar.)
First Nat'l. Bk. (Westfield, Mass. (increased)
8-10
(quar.)—
Co.
ditto
"•x/,7- ;i-A
preferred
9-24
12-44
1
75c
(s-a)
(Maiden, Mass.) (quar..»__
(Memphis, Tenn.)
(Quar.)
Semi-Annual
First
First
7-15
(quar.)
1%
10-
Y.)-r-
First National Bank of
Pittsburgh (quar.)__
First Natl. Bank (Scranton, Pa.)____
9-10
Co.
Co.,
1
1-1-44
$3
First Nat'l.
75c
Water
Stamford
(irregular)
Liberty Aircraft Products
Lindsay Light & Chemical
Lock Joint Pipe Co., common
Common (monthly)
Common
(monthly)
8% preferred (quar.)
•
2
Bk;
$1%
Sherwin-Williams, common .(quar.)____—75c
5 %
preferred AAA (quar.)
$1V*
South Bend Lathe Works
$1
Roebuck &
—
(s-a)
—
(quar.)
G.)
common
Products
8-3
75c
(Me.)
convertible
cum.
9?
$iy2
8
Natl.
8-10
8-20
9-
.
N.
.Quarterly
8-10
A
7-23
2
-
9-10
.
7-31
8-
20C
First
8-31
8-
8-14/
%
$l'/2
Conn),
(Kenmore,
Trust
Bank
8-16
8-20
8-16
12-31
$1
(s-a)
•
8-14
-
(Greenwich,
&
Nat'l
7-22
25c
Bk.
First
8-14
9-30
$2
(quar.)
(Elkhart, Ind.)
Bank
9-20
7-22
25c
'
___
(Cinn.)
7-15
1
1-3-44
60c
Quarterly :
<
7-30
1
...
Le
Shops, common
preferred (quar.)
convertible
$1
A
10-
$iy2
:
7-23
8- 2
•y
$iy2
'Extra
8- 2
$1
J$2
________
(quar.)__
Quarterly
8-14
10- 1
8-2
7-20
20c
Bank
Bank
8-14
9-10
(accum.)
A
__A__
National
First Natl.
7-27
75c
(quar.)
Key Company
K nney (G. R.)
$5 prior pfd. (accum.)
Koehring Co.
_______
Lamaque Gold Mines Ltd. (interim)
Inc.
$1.50 partic. pfd.
(quar.)
(Chicago)
Increased
8-16
10- 1
2
2
30c
Nat'l.
First
8-20
9-20
8-
8-
$1
First
:
8-13
$1 Vb'
3 7«
13%c
■ -
Canada
Bank
Fifth Third Union Trust Co.
2
10c
—
of
Semi-Annual
8-12
8-
9- 1
8-1
8- 5
1
8-21
8-14
V/2%
common
■:
25c
'
(stock div.)
(quar.)_
4
9-
Bank
National
QuarterlyFidelity-Philadelphia Trust Co. (quar.):
Fidelity Union Trust Co. (Newark, N. J.)—-
>
A8- 2 A All 26 Y
7-28
8- 2
15c
$1V2
25c
$1.25
9-
1
1
___
Bryant
First National
9-
9-
preferred (quar.)
Kearney & Trecker (quar.)
Lane
preierred
$2
60c
Quarterly
8-11
l2*/ac
2
9-
(quar.)
Gold
convertible
uoc
8-20
,9-1
:.
$iy2
(quar.)
———
,
5"%.
Kerr-Addison
8-11
__
8-13
10c
Life Insurance Co.,
(s-a) r_——„
City Stock
3
1
9-1
Sagamore Mfg.^ Co.
$1V2
8- 3
St. Louis, Rocky Mt. & Pacific (irreg.)
$1
8-10
Sanford Mills (irregular)
$1V2
.8- 5
Schenley Distillers Corp. _____________—50c
8-16
Scott Paper Co., common (quar.)
45c
9-13
$4 preferred (quar.)
$1
11- 1
$4Mj preferred (quar.) _____—__________
$ 1 Yb All-* 1 ;
C.)
Co.
9-
9-
5C
pfd.
Jersey Insurance Co. of New York
KW
9-30
20c
(quar.)
:
Rayonier, Inc. (quar.)
—________
Reliance Elec. & Engineering Co., $5 conv. pfd.
Reliance Steel Corp. (irregular)
8-31
$1
—— *
(Greensboro, N.
25c
A
8-16
20c
—
Jefferson Standard
preferred
1
25c
(interim)
Varnish & Color,
$lVfc preferred (quar.)
Ingersoli-Rand Co. •—
Silver
3
37J/2C
6%
Imperial
International
6%
1
37y2c
(quar.)
Municipal Water,
Co.
7-22
9-
.___—
$1 VB
preferred
Steel
8-1
9-30
.
9-15
9-
Imperial Tobacco of Great Britain & Ireland-
Inland
A 9-15..,' :'l
30c
Pilisbury-' Flour Mills
—l—*
X A
25c
0* ,l •
Pitney Bowes Postage Meter (quar.)_______
10c
8-20
Pittsburgh Steel, 5J/2% prior pfd. (accum.)
$4.12J/2. •
9- 1
Poor & Co., class A (accum.)_-___i.__—_-^_
37V2c
9-1Potomac Elec. Power Co., 5Vi% pfd. (quar.)
$1.3TVi}AA;;9A"iA
6% preferred (quar.)
$1.50
9- 1
Power Corp. of Canada, 6% 1st pfd; (quar.)
t$lJ/a
10-15 •
67a
non-cum- partic. preferred
(quar.)• $75c - 10*15
Public Servics Co. of IndiSha (quar,)
com.
25c h
9-1
5% cum. preferred A (quar.)
$1.25
9- 1
Quaker State Oil Refining
25c
9-15
0-
20c
.
__.
registered
15c
20c
$1V2
Remington Rand, Inc., common (interim)—
$4V» preferred (quar.)
________
25c
'
(quar.)
—
Ordinary
A 9- 4
—
$iy2
—
common
10-
$iy2
—
__
(quar.)
Co.,
8-31
25c
(quar.)
Watch
9-10
50c
preferred (quar.)
Harshaw Chemical,
conv. p_d. (quar.)
"Hawaiian
Pineapple, Ltd.
lleyden Chemical Corp., common
4% preferred A (quar.) ——
Hydraulic Press Mfg. Co., common
6c/o
3
9-15
,
6 Vo
Illinois
8-
'
(irregular)
Railway & Light, Securities, com; (quar.)
————____
common
Brothers
Hamilton
8-17
25c
(quar.)
preferred
Haie
2
5
for
payment
Gorham
6
25c
A
(irregular)
preferred (quar.)
$1.50
8-17
9-
30c
Class
$1
7-15
1;
Dominion
Drovers
A'A
7-21
9-
(Del.)
7-27
9-21
A
!
Philadelphia Electric Co., common ___—-_j.
$1 preferred
(initial) __—_—
Philadelphia Suburban Water, common
6 %
preferred (quar.)
Corp
2
-
Extra
Petrolite
—
Exchange Bank & Trust Co. (N. Y.)—
(Quarterly)
10-15
8-
Holders
Payable. of Rec.
Corn
25c
9-11
50c
common
(Chi.)
Semi-annual A
;
$1
■;
_____
12-11
9-
8-20
7-27
10c
A,
12-11
$1.75
1
8- 2
A.
9-30
(quar.)___
Freeport Sulphur Co. (quar.)
Gair (Robert) Co., 6r!o preferred
General
Ai
12-31
87'/2c
_______———
1
9-
When
•'
share
Continental 111. Nat'l. Bank & Trust
8-20
9-
60c
12-31
$3J/a
(accum.)
preferred A (quar.)
7%
(quar.)
Name of Company
7-27
$1%
—
76C
—
Co.
preferred
7%
Per
of Rec.
7-29
25c
(s-a)
25c
______
________
Florida Power Corp,
Insurance
25c
(quar.)
common
AAA
,
Fire
Revere
Extra
(quar.)™
(quar.)
preferred
Federal
Co.
&
Morse
ti outers
Payable
$1A
—
■$1
& Bay State Telegraph—
guaranteed (quar.)—
Fairbanks
When
share
o
,
(quar.)
9-20
25C
—A
___
'
Reel, common
&
preierred
Paul
Empire
4Vc
Company
'
8-25
$5
(Irregular)
Co,
Watch
A7'"A".ALA„-;Per
A '-
v.
Name of
Portland Cement, 6Vz % pfd. (accum.)
Pacific
;
75c
Rubber
&
AX'X'v.','i AAA
of Rec.
8-
$1.50
(quar.)—
pfd. A
Co.
Hose
National
Elgin
When
share
Company
Mills, 6 %
Monday, August 2, 1943
ay
9*
American
-6%
.
■
Insurance
Light
preferred
American
&
(Newark, N. J.)
Traction,
(quar.)
Paper Goods Co., 1%
preferred
(quar.)
American Smelting & Refining,
7%
pfd.
(s-a)_
(quar.)
—__
common____
3
7-20
$1.'75
9-15
9-
3
$1.75
12-15
12-
3
50C
8-31
8-6
?|S ■'I;. Iv I?. ®':
:•
1
■;
'
■
:
■
ft©ItI:
:
■
''
..jA-r.'.'V.
f'
,
;v;":
'
'
'
'
V':*-
.1
Volume 158*
Number 4199
Per
y
r'-;,j\'/$tyy;-i?'Name
oj company
*!..
.
ClassA
/j
;
preferred
'if-''
50C
__
(quar.)
com.
1:
8-
2
0
8-
2
4/ 7-20
preferred
pfd.
'
i
;
.
1
8-13
9-
1
8-13't
co
csj
7-15 :
\
j3i y4c
9-1
$iy2
.w-
2
8-
2
8-
2
8-
6ay2c
62 y2c
..
,
si
(quar.)
Atlas, Plywood; Corp., common
$1V4 preferred (quar.
8-
^
30c;'
5%:
6
8-
2
8-
2
7-23
2
7-20
7c
8-
1
7-15;
7-23
3
75C
8-
2
Baldwin
$1.05
9-
1
i
Extra
—__
Bangor Hydro-Electric
Shares, Class A
Commercial
Bankers
_
(N.
Y.)
(quar.)
Shippers Insur. (N. Y.) (quar.)
(quar.)___
Ltd., class A (quar.)
6%
pfd.
(accum.)
Bayuk Cigars Inc. (quar.)
Beacon Mfg., 6% preferred, (quar.)
Beatrice
Creamery, $5 preferred
(quar.)
Belding-Corticellq i Ltd.; common (quar.)
Oil Co.
6%
preferred
2
$iy4
10-
10-
1
l$i3/4
10-
8-31
8-16
8-
8-
2
(quar.)
75c
7-31.
?$7 preferred (quar.)
Black-Clawson Co., common
6% preferred (quar.)
7-30
9-15
9-
8-
7-15
25c
=
2
Bliss
W.) Co., common
convertible preferred
6%
(
l
(E.
£5 %
convertible
8 %
1
preferred
2
7-15
1
8-25
Consumers
(quar.)
8-25
Consumers
Gas
9-
1
8-14
Container
9-
1
8-14
Continental
8-14
Coon
Blue Ribbon Corp., 5% preferred (quar.)_—
Blue Ridge Corp., $3 preferred—
(Holders
,
i
,
option—cash
common
-
1/32
share
stock)
Bobbs-Merrill
Boston
or
162 y2c
(resumed)—
common
Co.
This
clears
payment
50C
all
Brown-McLaren
Silk
Buckeye
16c
683/4C
8-
6-30
■'
arrears
$28
—
7-30
Crown
1
Castings,
6%
7-21
1
7-21
Dallas
1
8-14
$6
9-15
8-13
Dallas
pfd.
Common
9-15
8-20
Butler
Water,
2
7-21
Dennison Mfg.
Dentist's Supply,
1
8-21
1
7-12
Byers
"=7%:
;
:
Machine
15c
—
preferred
(quar.)———
$1%
Byron
Jackson
Co.
7%
Title
Pacific
preferred
Ins,,
25c
7-30
Derby
9-
Detroit
1
(quar.)__
California
Packing Corp.,
<5% preferred (quarter)
California
Water
preferred B
Callite
Tungsten
Canada Southern
2
6-30
18-
2
6-30 1
8-
2
7-10
preferred
Canadian
For.
Corp.,
com.
Investment
.Ordinary
'Special
shares-
shares
8-
2
t$3y2
8-15
Canadian ,;Oil;Cos-,
•
.
6-21
8-
8
Co.,
8-31
7-30
25c
8-20
8-
5
25C
9-27
9-
7
4
25c
8-1
7-10
8-
7-10
$1%
V.x:
(accum.)
4_-
7-31
1
8-16/
Dow
2
7-
1$1.30
11-
2
7-
8-25
8-16
43%c
(quar.)
1$2
9-15
9-1
8-2
2
7-15
9-18
8-16
8-
2
9-15
9-
8-
2
2
2
7-22
1
8-
2
2
8-
75c
2
8
10-
40c
8-2
7-26
50c
8-16
8-
37 Vac
9-
1
8-12
75c
9-
1
8-12
....
pfd.
(quar.)
—
(s-a)
10-
1 •
1
75c
3-1-44
8-
2
9-
1
9-
1
2-10-44
7-20
8
77-
1
7
iy4%
25c
7
7-
8-
2
common
8-16
8-
9-
1
120c
8-
2
2
8-
2
1
3-10
150c
9-
1
8-
1$1%
{■■■
(quar.)
8-
75c
2
7-
15c
8-
2
7-21
$iy2
.
9-
1
8-11
.
_—
Louis & Interu'rban Water—
preferred
(quar.)„—
$1%
9-1
8-11
(initial)—4:
12'/2c
8-
5
7-22
$iy2
9-
U
8-10
$is/»
9-
1
8-10
common
-__4—■
Eastern Shore Public Service, $6 pfd. (quar.)
15c
—
8-
$6%
2
7-15
8-
2
7-
8-14
8-
Steel
Sugar
1"
<
r
$5
<
(quar.)
2%
8- 3
:/
6-30
650
Products, Ltd, (quar.)_4_4—
preferred
vtc.: (accum)
8- 2
M
7-15 /
5c
Castle (A..JM.)-& Co., Cquar.)
Caterplllai; Tractor (quar.)————,———
125c
8-2
7-15.
Employers Casualty Co.
vQuarterlX^-—
8-10
7-28
8-10
$iya
8-
1
New
Corp., common (quar.)—
5% preferred (quar.)
8-31
\8-14,
-
Central Cold Storage Co.
Central
Foundry,
5 3;
Central Hudson Gas &
Central
New
York
Central Power &
'7%\
preferred
Central
Steel
Century
Cerro
Chain
$6y2
5 %
40c
—
pfd.
^
(quar.)
—
Wire.——:
Mills,
Pasco
V.
——
Store
Investment
preferred
pfd.
(quar.)
7-26
9-
9-17
7
;
Erie
1
2
$iy4
$iy2
8-
2
7-12
8-
2
7-15 i
>
15c
$I3/4...
,
8-
8-17
:■
2
7-15
7-20'
8-10
9-1
8-
2
8-20
'
(Dallas)
$iy4
••
(quar.)—-4
8-14
2
"
'7-16 1
....
$1%
8-
2
7-15
1
8-2
7-19
9-1
9-14
8-1
7-
8-
2
7-20
9-10
8-25
10-25
9-15
8-14
9-15
8-14
•
4—
1 .?■?;
10-
2
2
9
7-24 >
7-24
62'/2c
11-15
$1%
8- 2
7-15
$l3/4
8-16
8-
25c
8-14
7-30
15c
9-15
9-
11-
1
6
8
50c
8-
50c
9-13
9-
75c
8- 2;
7-15
9-
8-19"
■;343/bC
110c
:_
(quar.)
88-
1$2
-j;40c
4
5
,_
.
■■
75c
$l3/4
'
2
■57-15,
1
9-1
8-
8-
1
2
'•7-1.
9-30
10-15
68%c
3
8-16
8-16
»$l3/4
:
(quar.)
preferred
7-15
8- 2
pfd.
Util, 6%
Gold
Powder
683/4c
(quar.)___
(quar.)_^
1st
Mines
6%
Co.,
Chocolate,
5 8-
10c
pfd.
(accum)
1
7-15
8-16
7-21
1
7-21
8-16
3
$l>/a
(monthly)
;___
8-
8-16
7-24
$1
(quar.)
8-14
75c
(quar.)
Bartlett & Co.
8-
8-
50c
12c
(quar,)____.
7-15
2
8-15
$1%
(quar.)
pfd.
common
8-16
7-24
15c
-
8-17
8-27
Co.
of
1
7-17
9-
1
8-14
37y2c
;
2
8-
30c
9-
1
8-18
Ltd.—
'
15c
Y.
(s-a)——__
i
8-12
25c
8-
$1%
N.
7-20
8-
30c
(quar.)
60o
7-29
7-15.
2
8-2
/'• 7-15
iBalt.)
7-15
2
8-
2
7-15
25c
:
8-
20c
Fire Insurance
8-
2
7-20
40c
8-31
8-
$iy?
9-30
9-10
8-
7-19
25c
2
6
8-16
7-31.
8-16
50c
$iy2
2nd
non-cum.
partic. pfd. (quar.)_4__
prior partic. pfd. (quar.)
non-cum.
Hardart
preferred
(Joseph)
Barbizon
(N. Y.)
7-31
45c
(quar.)____
Co. 6% pfd.
(quar./
1
Light & Power,
preferred (quar.)
./
com.
preferred (quar.)
Scale, 5% preferred
Huston
(Tom)
Peanut,
convertible
Zinc
8-14
2 v
7-13 v
9-
1
8-12
$iy2
,
8-14,
1
8-
$iy4
(quar.)
1
9-
40c
——
9-
83/4c
common
8-1
$2
(monthly)___
8-
30c
$l3/4
8-
2
10-15
7-24
;
7-15
7-15
10-
9-
15c
8-
25c
8-14
8-
5
75c
8-14
8-
5
1
1
8-11,
1
8-11
2
9-
8-17
7-23
$1%
$1%
9-30
9-20
12-30
12-20
30c
(quar.)_
8-10
7-30
8- 2
,6-30
$iy2
8- 2
7-15
$1%
8-2
7-15
40c
8-16
8-
t$2
8- 2
6-30
25c
".
—
<
9
9-
$l3/4
(quar.)__
.
7-25,
7-20,
$iy2
$iy2
preferred "(quar.)
Co.
2
8-
$2ya
common
5
8-10
$iy2
(s-a)
8- 2'
8-
Fairbanks-1. CO.,' cohimon
!___
preferred(quar.)—
(irreg.)
preferred
(quar.)
-
2*
7- 6
Institutional
2
11- !
Insurance
Securities,
Group
Ltd.—
...
10-
108-
75c
9-
1
8-13
$iy2
8-
1
7-27
International
$1
8-
2
7-15*
International Machine Tool Corp.
9-14
1
9-14
1
9-14
1
7-25
.' 6%
International
'
Business
Quarterly
25c
11-20
"10- 1
6%
9-20
•
Corp.—
8-
1
7-15
$1%
8-
2
7-20*
IOC
8-
1
7-16*
8-
1
7-16*
50c
8-12
6-30'
7-21
$1^8
9-10
8-20
convertible
pfd. (quar.)
8-
$1%
9- 1
..150c
25c
Industries, Ltd.—
(quar.)_
(quar.)—1_
8-16
8- 1
" '
i$iy2
vt$iya
preference
\ 6%
convertible preference A
International Nickel (.Canada)—
7-29
\7%
•'
iy
preferred
(quar.)—
;
($5 par) (quar.)
The two payments shown above are pay¬
7%
able
pfd.
in
—
U.
S.
resident tax.
I
funds,
less
_
—
—
7-21
:
(quar.)__
Holdings, Ltd.
-
$1%
$iy2
8- 1
8- 2
8-2
1-
International Harvester Co.," 7%
3-21
1
Machines
5
9-10
40c
$iy2
.
—
International Metal
"'•;.
7-10
8-
9-27
-
Sharesi
$2
1
'.■■//Q- 1
1
1
25c
'
$0.0212
—
-
Corp., common
preferred (quar.)—
$1%
$1.25
8-
9-
--
Interchemical
10-
"$1.25. '12-
$iy4
62'/2c
—
pfd. (accum.)
Inspiration Consolidated Copper___^
$iy4
-_44».———
Railroad,
v; •' •
C'*' :
!$5 preferred (quar^)____4^4—-ii—4^_—
6%
2
8-
50c
Illinois-Iowa Power Co., 5%
7- 6
Erie
Fairchild Aviation Corp.
7-23,
7-19 :
,$1>A
(quar.)__
Huttig Sash & Door, 7% preferred
7% preferred (quar.)
:
Hydro-Electric Securities Corp.—
Hygr&de Food Products
*
5% preferred class B. (s-b.)
Idaho Power Co., $6 pfd. (quar.)
17% preferred (quar.)
1
.
pfd.• (accum.)_
RR.
(s-a)___—4—4_i—
Pipe Line' Co.
8-16
8-2
15c
;
common
$iy2
conv-:
Kalamazoo
8-16
25c
preferred (quar.)—
Huntington Water, 6% preferred (quar.)
7%
preferred
(quar.)__„
Hussmann-Ligonier
(quar.)
;
$5
7-12
-
30c
30o
■> $5 preferred (quar.)l::.—
Eversharp,' Inc.; 5 %[ preferred (quar.
■—»
Faber, Coe & Gregg, 7%* preferred (quar.)—
Fair "(The) -7%
preferred (accum.)———
'
—
&
Eureka
6-30 T
8;;
,
8- a
II- I
-
Imperial Bank of Canada (quar.)
Indiana Associated Telephone—
'
(quar.)
Service, $6 pfd. (quar.)—
; : 1 $5 preferred (quar.)
5
$5V2 preferred (quar.)
Eppens Smith Co. (s-a) ___l___
4_t^.__
Equity Corp., $3
9-
:f'
Corp.—
9
8-
$1
(quar.)
8-
7-26
9
i7c
;
$i3/4'
——
Copper
7%
8-
$iy4
(quar.)
Electric, com. (quar.)
Power.
(quar.)
&
T,.—
(quar.)——
preferred
25c
Light, 6% pfd. (quar.).:.—-•/
Ribbon
de
12VaC
&
Mascot
&
Illinois
■
Celotex
2;/f;,7.
8-16
11-15
■
„—T.__.
Engineers Public
50c
9-
$l»/4
9*
$1.25
—
Associates—
250
—
'
X-
_„r_—
Electric Bond & Share, $6 preferred
; $51
preferred (quar.)
x,
.
^
preferred
Eastern
5
125C
15c
*
Eastern
8-
flOc
—_
(quar.)—.—:— -r;
-
*
(quar.)
7-
50c
(quar.)
Houston
*$3
9-13
preferred
Eastern Corp.,
4
,
7-31
$1%
t$l%
—
7-31
1
$2
7-26
7-20
.
v.
1:1
-.8-
Hummell-Ross Fibre, 6%
-
7-31
10-
•
•..
—
II
( A. C.) Co.—
7%
$6
2.
8-16
Elec.
Insurance
,7%
2
8-16
$iy4
—
7-26 v
7-10
$lJ/2
Extra
Howe
7-15
9-
;
——
Home
Hotel
7-15
t$iy2
7-26
'
ll'/a
——
Horne
5 :
t37';2c
8-14 •
V:
8-16
$1
:
(quar.)
Monthly
___i
Holly Sugar Corp./common
7% preferred (quar,)___
7-15
8-
1
$lJ/4
8-14
(quar.)__
1
9-
9-14
5%
9
tiy4
(quar. )
1
9-
10-19
Horn
7-15
%75C
5%
Corp.,
9-
8-14
9-24
9
8-
$iy4
9-18
9-15
10-29
1/-
8
8-
-
7-17
.7-16,
/
15c
6%
88-
(quar.)
2
2
9
$iy3
common
Corp. of Amer., 6'/2%
Horn
83/4%
7-
1
8-
6
8-
15c
8-13
regis.
8-
10-
40c
Electrochemical, common (quar,)__
6% preferred (quar.)___•_
Horder's, Inc.
(quar.)
Hormel (George A.) &
Co.,; common
6% preferred (quar.)
:
l'/4%
regis.
for ordinary
8-16
$2%
Hooker
8-13
$2
7-15
8-
7-20
2
"
Homestead
5
15c
2
8-16
.1
12-23<
25c
(s-a)
8-
8-
50C
Mfg., class A (quar.)
Hollinger Consolidated Gold Mines,
8-16
12-23
7-15 \
10%
(quar.)
Hobart
11-15
$l3/4
2
V} 7-20 ,i
Co.,
5%
preferred
(quar.)_—
Higgins Industries, 6% preferred (quar.)—_
(Charles E.) Co.
•
7-20
9-
9-20
8-
20c
$1%
Higbee
7-20
12-
7-20
1
25c
____________
Hires
7-17
75c
Light
5J/2%
Spencer,
Monthly
Monthly
7-17
$2
—
2
2
40C
(quar.)____
Hibbard,
7-10
88-
$ 1 Va
7%
1:50c
pfd.
(s-a)
$4 convertible preference
7-17
8-
Times,
Hershey
7-17
8-
88-
7ya%
& Co., 7% preferred (quar.)___
Gas, 7% preferred
(quar.)____
Electric
Hercules
7-20
■6Y0
Ltd.—v
7%
(quar.)
Instrument, 6% -pfd.
(A,')
Hedley
7-22
11-19
$1%
$iy2
(quar.)
East St.
9-
9-30
25c
Co.,-common
preferred
common
7-20
10-
$l»/«
Insurance
Hartford
Hat
8-20 '
(quar.)____
Mines
Havana
11-29
$1%
Chemical, 5V2% pfd. (quar.)
Chemical
Wares,
Hartford
6
50c
1
10-
1
1
8-
10c
—
common
ord.
*
(quar.)
Haskelite Mfg. Co.
8-13
1
Hallnor
Harris
1
.'444_4,X4X-
common
Belyea, class A
B
Hari'isburg
7-15
8-16
$2
,
9-
15c
Hammond,
n.7-24
$1 Vs
pfd.
1>
1
1010-
..
■
8-20
$2
Mills, 5% prior pfd. (s-a)___
Gotham Hosiery Co., 7% preferred
(quar.)__
Graton & Knight,
7% preferred (quar.)
Great Lakes Dredge & Dock (quar.)
Great Lakes Engineering Works
Green (H. L.) Co. (quar.)
Greene Cananea Copper
*
Greenfield Gas Light—
6%
non-cum.
preferred- (quar.)
Griesedieck Western Brewery—
;,35%% preferred (quar.)_x
;
7-31
7r31
9-
$l'/4
;-
7-20
8- 2
37>/2c
Duplan Corporation, 8% preferred (quar.)
Duquesne Brewing
(Pittsburgh)
(quar.)
9
1
$l3/4
(accum.)
88-
I
150c
.
(quar.)
preferred
,5%.
1
2V« %
$3ya
(quar.)
Anglo Invest.
9-
9
1
9-
J$l%
.
(s-a)
—
10-
1
>
8-14
4^
X—
185C
1$2
Canadian Pacific Ry.—
;14%■ rjori-cummidative preferred (s-a) 4-^/.
Carolina Ins. (Wilmington, N. C.)
(s-a)
8-20
8-31
150c
preferred
Ltd.,
i$iy4
—
(quar.)—
1
9-15
4
—
deposit rets,
137%C
(interim)
—
Corp.
Ltd.
Co.,
preferred
(.5%
«
9-
25c
Dominion Foundries & Steel, 6% pfd. (quar.)
Dominion-Scottish Investments,
Ltd.—
Fund—
—
3iy4c
——
preferred
Dominion Tar &
i—:
Canadian Investors
7-31
7-21
5
—
(quar.)
(quar.)_
75c
Fabrics, Ltd.,
preferred
(quar.)
1st,
9-18
8-16
—
common
participating
2nd
Class
9-18
1
15c
,
Gordon &
2
1
10-1
prior preferred
Dominion
7-31
8-
8-16
10-
$2
Pa.)
Electric
Match
Dominion &
v
7-31
"
8-15
8-
i$iy4
Electric
40c
12'/2c
50c
Corp.-Seagrams, 5% pfd.
Dodge Mfg. Corp. (Indiana), (quar.)
7-20
10c
(quar.)
(quar.)
7-15
common
Distillers
7-31
t$iy2
Canadian Internat'l. Investment Trust,
••:5% preferred (accumulated)
Canadian
1
37y2c
—
Ltd., 7%
Invest.
General
8-
8-16
8-16
(quar.)
preferred
Canadian
&
part,
Extra
7-20
8-15
common
2
7-20
9-
$1%
Gosnold
debentures (quar.)
(quar.)
Extra
7-15*
1
87y2c
pfd. (s-a).—
Bakeries, 5 7o partic. pfd. (quar.)
Canadian Breweries, $3.40 conv. pfd. (quar.)
5%
2
8-
37»/2C
—
—
Co.,
8-
$1
62MJC
—
8-
(resumed)—
Michigan Stove, 5%
American
..75c
•
Ry. ,(s-a)
Bronze
Gas
Distillers
18-
37 y2c
(quar.)—
v
i$iy2
Canadian
Canadian
7-31
pfd. A (quar.)
Corp.
Canada Starch Co.,
8-16
__4——-i,—
Service, 6%
'
$1.87 »/2
—
2
10c
_____
Ltd., ordinary (anirual);
$5 convertible preferred
9-15
2
8-
50c
preferred (accum.)
preferred (quar.)
Goodyear Tire & Rubber,
9-15
1
Shoe
Corp. (increased)
Dictaphone Corp., common
8c/o preferred (quar.)
7-16
120c
—
(quar.)
common
2
8-
138c
(irreg.)
com.
1
10-
Diamond
$1.7719
—
California
9-15
(quar.)_,
preferred
quarterly
unpaid
A
7%
3
6%
„
i
4
9-15
1
10-
(quar.)
preferred (quar.)
6%
(quar.—
Cadwell Linen Mills, $1.50,1st pfd.
(quar.)
80c participating 2nd preferred
(quar.)
Calgary Power Co., Ltd., 6% pfd. (quar.)
California Electric Power, $3. pfd. (quar.)
.
9-
8-
6-30
10-
1
8-
75c
(quar.)
Safety Razor, $5 pfd.
(quar.)____
Globe & Republic Insurance of Amer,
(s-a)_
Gimbel Brothers,
Inc., common
J:'
9-15
10-
87 y2c
pfd.
(irregular)
conv.
Hosiery
Steel
7-31
50c
te
(irreg.)
common
Gibraltar Fire & Marine Insurance
7-15
$1
(quar.)
Co., 8%
convertible
represents
dividend
and
dividend of $1.75 due May 1, 1943, with.
interest thereon at the. rate of 5%
8%
1
2
2
Common
•
accumulated
preferred
Diamond
(A. M.) Co.—;
preferred.
This
the
6 'Jo
9-
8-
8-
$iy8
common-
RR.
7%
25c
_
7- 8
si'A
—
8-
9-
2
$3
Corp.,
Home
7-21
7-21
1
150
(quar.)_4
Co.,
Corp., 7%
Georgia
■/'Extra
1
1
9-
60c
Industries
General
Pow.—
&
7-31
$6
44
7%
Ry.
7-21
8-
8-
5
$1%
(quar.)
2
$iy4
8-
8-16
90c
(quar.)__
Light, T'U
&
8-16
Bunker Hill & Sullivan Mining & Concentrating
I
preferred
Power
8-
83y3C
(quar.)
1
1
$5 conv. pfd. (quar.)
preferred (quar.)
common
preferred
$2
8-5
99-
37>/2c
—
Term., 7% preferred (quar.)
Davenport Water,
5','0
preferred (quar.)
Dayton Rubber Mfg., common (quar.)
Budd Manufacturing—
New
$5 prior preferred, (initial)
Bullock's Inc.,; (Los Ang.) 5% pfd.
'•
88-
$iy4
Gillette
(Del.)
8%
9-1
55c
__444-^™
Clinton
$iy2
—
1
$lJ/a
—
25c
(quar.)
_
7-
10c
41/2%
1
9-
10c
Co.
Forster,
Press,
8-
20c
_
4
_——
12-24
8- 2
8-14 '
35c
Co., 5%% preferred (s-a)
General Metals Corp, (s-a)
General Mills, Inc. (quar.)_!
General Motors Corp., $5 pfd.
(quar.)
General Outdoor Advertising, 6% pfd.
(quar.)
6%
preferred
(quar.)__*
General Steel Castings Corp.—
$6 preferred (accum.)
x_—
--Lw-xvv
7-29
12-31
General
9-25
&
& Port
Cuneo
7-17
8-
110c
8-
7-30
9
Extra
5c
(interim)
Quarterly
Burroughs Adding
&
Culver
25c
—
8-16
9-20
'
^
$1%
Securities,
preferred
'"A,
8
20c
_44__-,-____L4__.____'4_-_4XX';;r
Foods
$4.50
9-30
9- 1
37yac
/
-
(quar.)
Bonus ;/_4—___x__w_4__44_—
General
7
9-30
Zellerbach Corp.,
Crum
10
$iy4
common
Pipe Line Co.
Steel
2
■
8-
8-
(quar.)
(s-a)__x_
Cigar Co., common (quar.)_____/__;*
preferred (quar.)
IL
7%^
;•
7-10
$3
ordinary (interim)
Publishing, 7% pfd. (s-a)
Seal, Ltd. (quar.)
Drug Co., 7cfo preferred (quar.)——
Cork
Crown
8-
3
2
8-23
115c
—
Crowell-Collier
•
i$iy2
Oil
Crown
■'
CO
8-
75c
Courtaulds, Ltd.,
8-20
8-16
35c
—
&
Wood
A
General Electric Co.
$%c
(W. B.)
8-16
.0
7-15
Co.—
2
Phila.
General
Y.—
N.
Co.
(quar.)
of Amer._
Corp
7-10
2
of
(Reading,
8-14
;tsy
2
8-
>
8-
Co.
General Cable
8-2
$1.62
of
(quar.)
preferred
7-16
15c
General Baking Co., common
$8 preferred, (quar.)
4X..4—
7-20'
7-20
60c
Co., common—
7%
preferred
(quar.):
Corrugated Paper Box, 7 % pfd.
Cosmos Imperial Mills (quar.)J
.
Mfg.
Mills
Extra
Buckeye
i
1
Columbia
Telephone—
6% 2nd preferred (quar.)
Broadway Department Stores,
5 "to
preferred (quar.)
Bruck
.
9"\ 1
25c
__
(quar.)
Fund, Inc. (quar.)
Bourjois, Inc., $2.55 preferred (quar.)
Bridgeport Machine,
7%
pfd.
(accum.)
!
8-
75c
Boston
British
1
of
—_
Co.,
Edison
9-
Gar
•
7-20
8-16
Glass
$1
62y2c
75c
$3%
9-11.
9-
1
25c
r'.y"
(quar.)-'
Gardner-Denver
1
8-
,
(quar.)
Corp., 6% prior pfd,
class
AA
8-16
25c
Insurance
preferred
7-28
9-22
nvz
____.__4_.444„.X4—___4._4_4i-r
Gamewell
8-15
,
Aircraft,
$1.25 -convertible preferred
(s-a)
(s-a)
7%
2*
68%C
-
(quar.)
Fire
Extra
7-15
8-15
:>
10-
$1%
pfd. (quar.)~
Corp.—
6%
preferred
Bridge Works
7-27
8-15
$lJ/4
(quar.)
Electric
Consolidated Vultee
(s-a)
preferred
nm
■
12-15
(reduced).
Fulton Industrial
7
Rubber,
& Machine
convertible
Pitt
Cla$s
8-12
(quar.)
•
Press, class A
Retail Stores,
Consolidated
8-
1
8-
&
2
t$l »/a
Consolidated
.
99-
8-
_.4.x„_4__x
Gear
8-16
i$iy2
preferred
40c
$iy2
8-10
12-20
25c
Fuller' Brush,
1
9"
—
*
y
7-
8-28
¥
preferred
$1%
;
(quar.)
pfd.
Consolidated Laundries Corp.—
$7.50 preferred (quar.)
9-18
$i.y2
pfd.. (quar.)
(quar.)
common
1
8-14
10-
8-2
9-30
(quar.)
preferred C. (quar.)
AV*% preferred B (quar.)
7-31
40c
—
Company (quar.)______
Birmingham Water Works, 6%
.
13c
Common
Cement—
&
•
8-11
i2y2c
~Ar/o.
.
8-16
15C.
7-15
r::. $iya
conv.
preferred (quar.)
Consolidated Gas, Elec. Lt.
,
8.-16
115c
8-11
25c
$5
2
7-16
.
1
1
9-15
2
Y.)
(Syracuse, N.
Fxuiehauf Trailer Co., common
(quar.)______
5% convertible preferred (quar.).
1.
$1.06 v*
Ohio
Consolidated Edison Co.
8-31T
1
20c
50c
9-
9-
20c
Consolidated Cigar Corp.—.
•8V2 % prior preferred (quar.)
2
1
i$i
Ltd.
11-15
$1%/
;
(quar.)
Southern
$2.20
8-31
8-
&
9-
■
8-2
50c
!
(quar.)
1
9-15
9-30
i: $1Va
Foster Wheeler
$P/4
(quar. )_A
-
12-
$l»/2
/
common
Connecticut River Power, 6% pfd.
(quar.)
Consolidated Chemical Industries, Inc.—
$1V2 partic.
preferred class A (quar.)
7-20
8-16
_____
Birtman Electric Co.,
8-
£
vr-.'5-
:
(quar,)
Iron
$2.40
7-30
9-15
$3
i
7 %
preferred
(quar.)_____
Belding Hemingway Co. (quar.)„
Benson & Hedges, $2 conv. preferred
(quar.)
Bertram (John) & Sons (s-a)
?
1
pfd. (quar.)
Connecticut & Passumpsic RR., 6% pfd. (s-a)
Light & Power— v
2
9-
8-16
60c
Fort
Connecticut
8-14
$iy2
„
Best
8-
i
8
37!/2c
—
Bessemer Limestone &
9-
125C
____
4—
8-10
$1
15c
________
Bathurst Power & Paper,
Bausch
Machine
Tool,
Extra
7-23
7-10 '
2
9-1
30c
Quarterly
7-30
8-
&
•Quarterly.-
7-31
>
2
8-
8-14
25c
&
Barnsdall
8-16
40c
,
8-3
$lJ/4
Conduits National Co., Ltd, (interim)-^
Confederation Life Association (Ontario)—
7-31
30c
common
Corp.
7- 2
8-16
10c
—.
(quar.)
Bank
Bankers
10c
<s-a)
8-13
8-13
Common
9-15
8-24
■
•
Corp._.._4_.-..>
Tire
Franklin
(irregular)_44^——
Concord Gas Co.i 7 %•:
pfd. (accum,
8-141
pfd. (s-a)__
5
10-15
9-16
$iy4
$iy»
(quar.)
(quar.)
Quarterly
8-20
$iy4
prefer, (quar.)
preferred (quar.)__
cum.
Commoil,
7-20
Insurance
9-1
10-1
w_.4444.~I
Foote Bros.
15c
-
8-
American
preferred
Columbus
1$1%
Locomotive Works, ,7%
9-15
7-23
25C
6Va' % preferred (quar.) —_
Commonwealth Edison/ Co.- (quar.)
:
Ault&Wiborg Proprietary 5 Va % pref. (quar.)
Badger Paper Mills, 6% preferred (quar.)—
Baltimore
9-30
8-30
Products,-6% prior- pfd. (quar J
Pawners Society (Chicago) —
First State
8-2
25c
(quar.)..
'■66%: pfd. A (quar.)
Columbia Pictures; $2 %
v
8-
.»
Breweries, * Ltd.
$4.25
Enamel
Firestone
Columbia Gas & Electric, 5%
t. ''
31c
(quar.)
9-16
50c
Colgate-Paimolive-Peet,
/
7-
9-30
8-
15c
Quarterly
Ferro
30C
Street
Colorado Fuel
$iy4
_
Atlas Powder Co., 5% conv. pfd.
Avondale
Mills, common..,
COast i
,
7-26
2
9-15
25C
pfd. (quar.)
Clinchfield Coal, 7% preferred (quar.)—
Citizens Utilities Co.
i.*
7-26./
11-1
•,
1
of Reo.
40c
$2'/a
preferred
Farmers & Traders Life Ins.
'
Co;
Rwy.
City -of New Castle Water, -6%
City of New York Insurance
City Water (Chattanooga) -5%-
7- 8 )
;
$5
Noiaere
Payable
3c
Metallurgical, $5 pfd.
Fibreboard
Co.-;j:(quar.)UL—-w—
Cincinnati
6-25 *
•
1
10-
62yac
(quar.)
preferred (quar.)„—,
5%
2
i
$1
:
,
2
8-
$1
:.;-•
.
Atlantic Rayon Corp., $2.50 prior pref (quar.)
$2.50 prior preference (quar.)
Atlantic Refining Co.—
8-
$iy2
(s-a)__
(quar.).
Co.
10-
$1
1
vrnen
Share
Works Co. (quar.)
Brewing Corporation
(quar.).
+6% preferred (s-a).
8-31
$l»/a
<5% preferred
7-30
:
$2%
preferred
A
9-
1
?
.
Macaroni
pfd.
9- .1
$1%
.
___
Atlantic City Elec., $6 preferred
conv.
9-
9-30
$iy2
-
Copper
Chilton
8-
9-15
-
Name of Company
River Gas
Fansteel
Cincinnati New Orleans & Texas
Ry.—•
9-30
110c
(quar.)
——4—__U4——
7-20
2
8-10
25C
4—4—
Chiekasha Cotton Oil
8;
120c
(quar.)
non-cumulative
f
(quar.)
Chicago Yellow Cab;
Fall
9-20
8-
50c
--
-
7.-20
7-
(irreg.)
common
Chicago, Wilmington & Franklin Coal—
(Resumed)
i
7 i
7-20
1
8-
,/ //r.;> •;
8-10
9-30
20c
,
8-20
>6 9-
9-27
;
37y2c
(quar.)
Chesapeake •& Ohio Rwy., 4% preferred A_,
Chicago Great .Western Rwy,-—
«5'/tf -preferred
(accumulated)
Chicago MiH*& Lumber
7-9
2
8-
8-
60c
(quar.)!
Associated Telephone, Co. Ltd.—
.4%
■
$iy8
__
Atchison, Topeka & Santa Pe'Ry. Co.—
Common /M-
i
6-21 V
Chile
;____■
Associated Dry Goods, 6% 1st
!
7% 2nd preferred (quar.)
5%
7-16
1, "V
Power—
(quar.)
Engineering Co.
6% 'preferred
2
87j/2C
_._1
Chambersburg
Champion Paper & Fibre,
i
8-
15c
.
Atlantic
6 Extra
7-20
8-
"'■:,
rttr
0/ Rec.
8-25
Falstaff
•
7-20
1
$iya
'6 Extra
*"$1.25
2
a:.
.;$i'/4
Co.
Corp,
_
$1% coiivertible: preferred (quar.)
Chain Store-Real Estate Tr,
(Mass.)
7*
8- 2
;;
Hotaare
Payable
25c
Chain Store Products—
7-20
.
115C
Appalachian Electric
Appleton
8-
$iv4
(quar.)
Asbestos
2
t68%o
Anaconda Copper Mining Co
Animal Trap Co. of
America,
[•67% preferred (quar.)
i-AVzVo
.
8-
50c
__
,
2
When
Snare
Co.:. U.—
9-
10-
50C
j l($5 conv. prior preferred .(accum.)
Anchor Post Pence, 6% prior
pfd. (quar.)__
Belt
449
'
Name ot Company
Chain
.
7-16
$1%
iquar.)__
__
.;.
8-31
Per
oj Rec.
9-15
30c
American Viscose' Corp., common (quar.)___
?•' 5%
preferred
(quar.)„_
_______
American Zinc Lead & Smelting—
Anglo-Canadian Telephone—
^
5 '/a %
preferred (quar,)
rtoiaert
Payable
50c
American Sugar Refining, 7.% pfd.
American Thermos Bottle (quar.)
;
rvrten
tnare *
.
American Steel Poundrles (quar.
American. Stove Co. (quar.)
<•'. ''14,
/ THE COMMERCIAL & FINANCIAL CHRONICLE
.
Canadian non¬
■'
r
\
$134
83/4c
>
7-15
7-15.
_
8- 2
8-2
.
4
7-15
7-15
.
8-2
7-
6
8- 2
7-
6
.
FINANCIAL CHRONICLE
THE COMMERCIAL &
•
Name of Company
v
International Utilities Corp.—
3.50 prior preferred (quar.)__;
.—
Interstate Dept. Stores,
7% pfd. (quar.)—
Investment Foundation, Ltd.—
6% convertible preferred (quar.)—
Iron
Mfg.,
Fireman
preferred (quar.)
—
Jamaica Public Service Co., Ltd.—
4Vt % preferred (quar.)
5%
preferred
8-2
1—_—
7-25
8-25
8-16
10c
—
common
$1V4
(quar.)—
Brothers, 6% preferred (quar.$l'/2
Kalamazoo Allegan & Grand Rapids RR. Co.—
Semi-annual
$2.95
Kable
Stove
Kalamazoo
&
15c
(quar.)
Furnace
(quar.)
$l'/2
Utilities, 7% junior pfd. (quar.)
Lake Mines (payable in U.S. funds)—
87»/2c
5c
Kendall
Co.
preferred
partic.
$6
A
Kentucky
Kerr
Kingsburg Cotton Oil
Knickerbocker
Special
Kokomo Water
Works, 6% preferred (quar.)
Kresge (S. S.) Co.
—————1——Kroger Grocery & Baking, common (quar.)
6% 1st preferred (quar.)__—;
:7%. 2nd preferred (quar.)
7% 2nd preferred (quar.)
4.™
Knudsen Creamery, 60c pfd.
(quar.)
Lake of the Woods Milling com.
(interim)
7%
preferred
(quar.)
Landis Machine, common (quar.)——™-™™-
Common
1
11-1
8-25
9-1
9- 1
8-16
J50c
t50c
30c
50c
$20c
11-15
9-15
12-15
8- 2
9-11
12-11
8-14
8-31
9-1
preferred (quar.)__
$3
62y2c
75c
12-31
10- 1
8- 2
—
(quar.)
75c
8- 2
——
Monotype
(quar.)
Machine
Secord
Laura
Candy
(Va.)
Leath
(s-a)
Co., $2.50 preferred (quar.)____
&
Valley Gas, 6%
Lebanon
&
Rubber
Tire__
4%
Custom
(quar.)_.
Lincoln Nat'l Life Insurance
(Ind.)
(Quar.)
Co.,
Class
Lone. Star
11-5
9- 4
12- 4
National
National
7-15
9- 3
Gas
8-2
Extra
National
5%
11- 1
9-1
10- 1
8-31
8- 1
9-10
10-25
12-10
; 9-10
12>»10
,
Neiman Marcus Co.,
Neiser Brothers,
New
Class
8-21
25c
9- 1
9-1
12- 1
12- 1
8- 1
Co.
8-20
8-20
11-20
11-20
7-17
$2
10c
$lJ/2
8- 2
9-15
8- 2
Henderson
(quar.)
Common
St.
(s-a)
Louis
,
Steel
Co.
Lunkenheimer
6y2%
Luzerne
Co,, common
preferred, (quar.)
preferred (quar.)
Co.
Gas
&
preferred
5%%
Margay
Marine
,
7-30
$1V2
$lJ/2
25c
$iy2
$iy2
20c
& Co., 6% preferred (quar.)__™
• " 6%. preferred
(quar.)_-__'_™-_
Majestic Radio & Television, pfd. (initial)
Shirt
8-14
$1.31V4
50c
(quar.)
Co.
Manischewitz. (B.),
8-10
9-1
10-1
50c
' 8-5
30c
Co.
25c
Mines (quar.)
McLellan Stores, 6% preferred (quar.)
Meier & Frank Co. (quar.)
Porcupine
£55'/2c
$l'/2
7-28
9-
1
Mfrs.
Insurance
preferred
_
■;
—
preferred
—
40c
8-
$1.40
cumulative
$1.40
cumulative class A.(quar.)™—
7-23
common
.™-
class
class
A
(quar.)
A
—
Ltd., common (quar.)
-6% preferred (quar.)______—.—______—,
Peninsular Grinding Wheel Co.
Pennsylvania Electric, 5.10% pfd. A (quar.)
Pennsylvania
Power,
$5
preferred (quar.)
Pennsylvania State Water, $7 pfd. (quar.)—
25c
30c
,
(s-a)
9- 8
9-5
9- 1
9- 1
8-
2
7-20
7-17
7-17
Peoria
&
Bureau
7% preferred (quar.)—
prior preferred (quar.).
$1%
25c
8- 2
8-2
Michigan Public Service, com. (quar.)——.
25c
1
1
1
1
1
8-14
9-15
9-15
Phelps Dodge Co.
Philadelphia Co., 5%
Philadelphia Electric Co., 4.4%
pfd.
9-15
9-15
Philadelphia Electric Power, 8%
Philadelphia Insulated Wire
pfd. (quar.)
9-15
7-20
9- 2
7-15
$l>/2
8- 2
7-15
2'Ac
$1%
8-
7-15
(quar.)_
7% pfd. (accum.)
Phillips Petroleum Co. (quar.)
Pittsburgh, Bessemer & Lake Erie RR.—
;$1
non-cum.
9$l'/2
10$l'/2 r; 10$l'/2
10$1%
1050c
10-
junior preferred (quar.)
preferred (quar.)
6% preferred 1940 series (quar.)—;
7% preferred (quar.)____
'$6
6%
Midvale
Co.
—
:
(quar.)
Miller & Hart. $1 prior preferred
Mine Hill & Schuylkill Haven RR.
(s-a)—
Mid-West
Rubber
Reclaiming
Mississippi Power & Light, $6 pfd. (quar.)
Moline Pressed Steel, class A partic. (quar.)
Monmouth Consol. Water. $7 pfd. (quar.)__
5'/2% pfd. (quar.)__
Montana Power, $6 preferred (quar.)
Monroe
Loan
Society,
*
50c
50c
8-
1
8-16
8-
34%c
9-
1
8-26
$l'A
8-
1
7-12
2
Peterboro
RR.
(N.
H.)
(s-a)
!
non-cum.
pfd.
(quar.)
4'A %
preferred
Phillips-Jones
Common
Corp.,
(s-a)
;
,
9-
1
3-20
$i'/2
9-
l
&—
8-
2
Mills,
r 9-
7-15
8-
6
8-16
1
8-10
8-
•
v
8- 2 :
f 8- 1 r
50c.
$35e
(quar.)__
common
7-29'
8-16
25c -.H
Inc.
(Helena)
7-21
3
7-15
' 7-20
9-1
8-16
8- 2
r ;
6-30
•:7%
preferred (quar.)
—
St. Louis Bridge, 6% 1st preferred (s-a)_^—
3%
Louis
Car,
St.
Louis
Public Service
12-23 y 12-15
$3
$l'/2
preferred (s-a)
7% preferred
2nd
St.
12-23
12-15
$1%
(quar.)_
8- 2
7-24
Company-
Class A
and
Class
B
(irregular)
Class
and
Class
B
(irregular)
A
Louis Screw
&
Bolt,
common
7-22.
$.1";.'." 9- 2
preferred (quar.)
Joseph Water,
6%
St.
San
Arms
8-16
10-1
9-30
.
■
'Quarterly •
—,™_4-™-_™-™__
Acceptance Corp., com. (quar.)
(qua*. )^.™_i
preferred
8-
,
8-16
9- 1
8- 2
.
$10c
9-
•
10c"?
'
10-
2
7-16
9-15
8-31
7
8-25
8- 2
7-24
8-17
9- 1
8-1
10- 1
8-16
8-10
7-9
9-10
10-22
8- 2
10- 1
•
.
9-10
i'9-10
9-1
8-14
'• 9-10
<
8-14
1
I I;
37'Ac -.10- r.
50C)
Sharp & Dohme, Inc.—»
Sierra
Pacific Power,
7-15
7-15
7-20
8-6
9-15
8-
75c
V
common.™—
87Mic. if
.
$23c
7-20
(quar.)
common
40c partic. preference (s-a)
——
Simpson's Ltd., 6'/2% preferred (accum.) —
Sinclair Oil Corp (quar.)
Sioux City Gas & Electric, 7% pfd. (quar.) —
Common
(increased quar.)
Siscoe Gold Mines; (quar.)___—
7-10
•7-22
7-22
8- 2 '
8- 7
62'/2c
8-
7-31
7
7-31
8-10
25c
.
7-23
1
8-
25c
—
$2.50 preferred (quar.) ________
Silex Company __—.__—______________
Silverwood Dairies; Ltd., common (accum. )_
7*20
'
8- 2
30c
6%
8* 2!
8-25
$15c'
—
$l'/2
preferred (quar.)
Signode Steel Strapping,
8-12
.
»
-
preferred A (quar.)
Shawinigan Water & Power (quar.)
Sherfrin-Williams (Canada) (interim)-convertible
$3.50
5
8-
8-20
250:
9-25
:
7-20'
1
8-14
9-14
9-
7-31
7-15
8-11
7-20
9- 1
8-10
10- 1
7-20
50C
35c
Seeman
5
8-
8- 5
20c
-S
——
Securities
/v s6%i
2
8-16
8-16
$1.12
:__
Co.
8-
$1:8-1;
Co.
Lace
12-15
20c
preferred (quar.)
Scott. Paper Co., $4 pfd. (quar.)
$4.50 preferred (quar.)
Dillon
;
8-12
50c
<$2 participating
Scranton
9-15
12-31 •)
25c
25c
7-16
7-2
7-27
10- 1
37'/2C
37 '/2C
—__——
Corp.
;
Wall Board, common
Selbyr Shoe Co. ____—__________
Servel, Inc. •_____
—j—~—_i.______.__
Seton
Leather
Co.
(irregular)
8-16
8- 2
75c
Association—
™_L__™!___
Quarterly -Q
Insurance (New Haven)
(quar.) —
Brohters, Inc. (quar.) ____________
7-15
7-31
7-31
-7-31
7-20
7-20
7-20
8- 2
8- 2
-
Remedial Loan
Francisco
Quarterly
7-15
,
8-2
8-16
8-16
8-16
8- 1
8- 1
8- 2
9-1
(quar.)__
Security
8- 5
11-5
2-5-44
Sl'/a
$1.06'A
$1%
50c
i.—
preferred
Saguenay Power, Ltd., 5'/2 % preferred (quar.)
7-30
7-15
8-15
8- 2
8- 2
'
7%'
7-31
$20c
10-
1
$20c
10-
1
8-31
8-31
$$1%>
8- 2
12'/2c
8-14
7-15
$1%
8-10
7-30
37yac
8-10
7-30
Jl'Ac
'
v 6-30
9-15
»
8-12
8s"
2
7-21'
8-
2
'
Smith
6%
(quar.)^___™L—!
preferred
Soundview
6%'
Chemical Co., common^™
Agricultural
Pulp
preferred
South
Southeastern
'Common
Co.,
2nd
Southern
Southern
6%
37'/2c
!
pfd.
(quar.)
31 'Ac
—;—,
37 VaC
com.
(quar.)
5%
(quar.).
Ltd.,
Power,
Canada
(quar.)
preferred
Railway
Southwestern
Life
Pub.
Co.,
—
5%
non-cum.
(Dallas)
Ins.
Serv.
Co.— /
pfd.
(quar.)
\
preferred; (quar.)
6'/2 %
Spalding (A. G.)
& Bros., $1.50 pfd.
Corp.; ——;.
(irreg.)
——_
Squibb (E. R.) & Sons—
$5 preferred Series A (quar.)
Standard
10-1
(quar.)
California Water,
Southwestern
Sperry
$l'/2
Edison-
(quar. )_^
Southern Indiana Gas & Electric—
4.8%
8-25
Brands,
$4'/2
preferred
(quar.)
—
7-21
8-25
$l'/2
;—;—
preferred
Southern
$l'/2
*
50c
__________—____™'
$6 1st pfd. (quar.)
(quar.)
preferred
California
Common
75c
Greyhound Lines—
Extra"
6%
—
common
(quar.)
Power,
Carolina
Southern
Participating preferred (irregular)
Philip
Morris
&
Co.—
4Va%
preferred (quar.)
37'/2c
20c -:
8- 3
50c
(s-a)
7-15
$1%
7- 9
50c
1.
2
—
8-20
87'/2c
25c
40c
25c
$1.10
50c
™
Pfeiffer Brewing Co.
7-20
8-
13c
preferred (quar.)
Hosiery Mills
Roos
Brothers, $6'A preferred
(quar.)
Rose's 5, 10 & 25c Stores (quar.)___
10- 1
Philadelphia Transportation—
$1
1
1
9-12
8- 2
Michigan Bakeries,
2
$l'/2
'6%.
50c
10c
$1.27'/2
$114
$1%
$2'/a
Valley RR.
8-
;
Second Canadian Intl. Investment Co.—
$75c
$$!Mr
Pennman'S
2
-
$$l'/2
7-9
35c
8-15
35c
11-15
35c 2-15-44
—
(quar.)
2
8-
>
-
+15c
Rollins
Flour
9-15
1
8-
Light & Power (irregular) _i.
Paper Co., Ltd., common (quar,)
Lawrence
9-15
1
10-
15c
—
St.
10-
$1%;
Rockland
Scotten
8- 2
1-1-44
Common
$1%
75c
7-15
7-15
50c
50c
8-2
7-12
7-10
(quar.)
8-16
8-16
10- 1
(quar.) —--
7-19
7-10
8- 2
10c
Schumacher
$1%
$1%
—
2
Co.
Radiator
Rubenstein
8-16
8-
37'/2C
Cement, $6 preferred (quar.) —
Rochester Button, $l'/2 conv. pfd. (quar.)__
Rochester Gas & Elec., 6% preferred C
Rolland
7-26
9-15 *
31'Ac
Dry Goods, 7%
Inc.
7-26
8-16
25c
preferred
Rice-Stix
8-16
35c
35c
7-13
9-15
9-15
8- 1
cumulative
75C
7-13
t$l
$$1%
31 Vic
$1.40
$1.31'A
(quar.)___
Co.
J.)
8- 2
8- 2
8-16
Mfg. Co., Ltd., common (quar.)—preferred (quar.)
———
Co., Inc., 5% preferred A (quar.)
2
(R.
25c
50c
$$1
37JAe
*
Pearson
(quar.).
$1%
Savage
7-24
8-31
8-31
7-20
9-15
12-15
Peninsular^;Telephone;
Metals
68%c
(quar.)
A
7-15
8-2
7%
preferred
pfd.
7% pfd. (quar.)
8- 2
:
,
7-15
Paton
5'A%
Reynolds
Reynolds
15c
5'/2%
8-30
7-30
7-31
7-15
7-24
9-1
7-23
7-31
7-31
8-5
8-2
(quar.)
8-
1
7-15
8-20
8-20
8-25
9-15
9-15
9- 1
9-15
9-30
9-30
8- 2
$1.30 pfd.
7-20
8-1
8-16
8- 2
50c
10c
Seryice,
7-15
8-
•
(quar,)
____
2
7-15
r
9-13
8- 2
9- 1
32'/2c
Public
Petroleum,
Revere Copper & Brass,
8-16,
8-16
10-1
9- 1
8- 1
8- 2
75c
8- 2
1
8- 2
,
31»Ac
34%c
(qUar.)~
8- 2
8-
8-16
8- 2
11-15
11- 1
9-15
8-13
9-10
8-21
8-10
7-22
•
8- 5 t
7r26
9-10
8-25
8- 2
7-15
(S. C.:) & Cor class 'A (quar.)—'—4
preferred (quan
Pacific
Parker
Republic
15c
15c
(quar.)
B
Riverside
.
(quar.)__
pfd.
Pacific Power St Light, 7% preferred (quar.)
$6
preferred
(quar.)
7-20
50c
$1%
20c
16'/2c
(quar.)___
C ,(quar.)
Lighting Corp.
,16 %
15c
(quar.)
(quar.)___
preferred class B
$$lV*
_
Electric, 5% preferred (quar.)
5V2%
preferred
(quar.)_
:_____.;-™_-™
6%
preferred (quar.)—-™_*
Pacific
6%
A
t25c
$$1.75
tl5c
__—
(quar.)
A
Fund,
preferred class A
preferred
(quar.)
(quar.)
(111.) common
Inc.—
Co.,
50c
—
5%
Manufacturing
Rich's
$25c
$$!%;<
35c
$1V2
______
Co.
non-cum.
7-22
i,
_
(Calif.)
preferred
preferred
non-cum.
$1.60
8- 2
8- 2
—
Mfg.
Glass
$1.60
Richmond
30c:
12- 1
20c
—
(N. Y.)
&
(quar.)
8-16
(quar.)
—
6% preferred
&
Marine
(quar.)
preferred
preferred (quar.)
'
Reed (C. A.), $2 preferred A (accum.)
Regent Knitting Mills—
St.
class B
(quar.)
1st
Second
9- 1
$1%
(interim);
preferred
6'/2%
(quar.)
common
(quar.)___
1st pfd. (quar.)__
7% 2nd preferred (quar.)
Richmond Insurance (N. Y.) (quar.)
20c
Pacific Gas St
?
Mercantile Acceptance Corp. of Calif.—
preferred (quar.)
(quar.)
.
7-1
Co.,
non-cum.
7-15
7-21
7-21
—
preferred (accum.)
Ltd.—•
7%
Finance
8%
8-16
11-15
7-20
8-14
7-16
7-16
8-16
$lVi
$1%
Pacific
preferred
4%
8- 2
8- 2
8- 2
87'/2c
7'/2c
Company;'.;™™_v__—
Outlet
7-20
8-31
11*30
8- 2
9-1
8- 2
8-2
50c
Shoe Corp., common (quar.)
preferred (quar.)—
____—.—
Mercantile Stores, 7% preferred (quar.)__™
5%
5 %
Outboard
$3
Reading
6%:
50c
Light. Heat & Power, com. (quar.)_™
5%: preferred (quar.) —.—__-«__™™--__-..
8-14
15c
Melville
;
Silknit,
preferred
'
Packing Co., 5% preferred (s-a)
Raymond Concrete Pile, common (quar.)__
7-16
$l%f
$1V2
Ottawa
8-9
9-15
common
Co.
(quar.)
Rath
7-16
50c
—
Owens-Illinois
___
Merchants
7%
(interim)
class A
(quar.)
8- 2
37'/2c
(quar.)———
(quar.)-
Common
Co.,
B
8- 2
v
Ontario Steel Products :Co.,
7-20
.
Electric
Ontario
Ltd.
Mines,
Class
(irregular)
Tobacco Co..—
.Common (quar.
interim)
Class
B
(quar. interim)
Rheem Manufacturing Co., com.
(quar.)
5%
preferred (quar.)
(accum.)
Insurance
A
Rand
Randall
(accum. )__
(accum.)
6%
,
_
Class
$6 preferred
6%
(quar.)
Service, 7% pfd. (quar.)
United Filters,
Oliver
6% pfd.
Railway Equipment & Realty—
Republic Investors,
(s-a)
(quar.)
& Rubber,
class AA
Extra
'
(quar.)
common
preferred
Gas
Flour Mills common fquar.)_
7% preferred (quar.)
\
Ohio Casualty Insurance (s-a) ————
Okonite
Company
(quar.)
.7-15
8- 2
8- 2
8- 5
8-1
>
Corp.,
(quar.)—™
(quar.)
Ogilvie
9-20
Bonding & Insurance (quar.)
87'Ac
Massawippi Valley R.R. (s-a)
—$3
Massey-Harris Co., Ltd.—
$1.25 conv. redeemable preference (s-a)
$62'/2c
Mattiessen & Hegelef Zinc—
7% preferred (accum.)
«™™-™£™i™/
$7
.7% preferred (accum.)_™l_____™™.™«™™™_™.
/
$7.
Maud Muller iCandy (irregular)
25c
May Department Storts __"__-___™i;T-™_.™L™"
75c
Maytag Co., $3 preferred (accum.)
50c
$6 1st preferred (quar.)___—
$1'A
McClatchy Newspapers, 7% pfd. (quar.)
43%o
7% preferred (quar.)—_______
—.
43%c
McCall Corporation (quar.)_
35c
McCrory Stores, 5% preferred (quar.)______
$iy4
Mclntyre
8-16
8- 2
8- 2
8-31
8-14
.11-15
Tire
Occidental
7-15
8- 5
7-23
7-15
8-16
8- 5
11- 5
7-26
25c
(quar.)__
Oil'Corp/ (extra) ™"__*-__"_™™k—™-i™'
Bancorporation—
8- 2
Illinois
Liberties
.Y.)
(N
:—
preferred
$1.50
8- 4
9-21
12-24
$1%
"
preferred
; Fully participating stock
Initial
stock
(quar.)
—
McGraw
8-14
10-1
1-3-44
30c
(quar.)__
7%
Massachusetts
•
8-16
Electric—
Maghin (I.)
Manhattan
7-27
50c
$1.62V2
$1.62Va
—
Lynch Corp. . (quar.)
Lyons-Magnus, $1 class A (accum.) _:
Lyons Metal Products, 6% partic. pfd. (quar.)
Madison Square Garden Corp.
.
8- 1
8-30
25c
____—_____
8-16
$3
preferred (s-a)____—
(increased)
Nashville RR
&
(quar.)__—
(quafc)_
(quar.)
Nu-Enamel * Corp.
(quar.)
O'Connor, Moffat & Co.—
8- 1
$4
$2'/2
•
non-cumulative
Insurance
Warehouse—
Radio-Keith-Orpheum,
7-31
7-15
7-14
8-26
7-15
8- 1
7-20
7-16
8-16
7-16
,50c
50c •
t$l
$2'/2
"> $1
15c
25c
25c
_
_
___
preferred
7%
a7-15*
7-23
Shares
Income
Quebec Power Co. (quar.)
Quincy Market Cold Storage &
5% preferred (quar.)
7-31
Northwest Engineering
Ry.—
i
Quarterly
7-31
50c
(quar.)
convertible
Norwalk
7-19
9-10
8-13
8-31
7-17
10-16
7-17
10-16
7-15
8-10
50c
(quar.)
Puget Sound Power & Light—
$5 prior preferred (accum.)
Pullman, Inc.
^
Purolator Products, $4'/2 preferred (quar.)™
Quaker Oats Co., 6% preferred (quar.)
8-16
8- 2
8- 1
9- 1
8- 1
8-15
;8-10
8- 2
9- 1
8- 2
Co.
River
6%
11-10
7-20
8-18
Corp.—
Northwestern Public
7-16
9- 1*
7-16
8-10
12- 1
8- 2
9- 1
8- 2
10-15
8-31
9-15
8- 1
11- 1
8- 1
11- 1
8- 2
9-10
8- 2
8-2
preferred
8-16
(s-a)
American Oil Consolidated
$l'/2
7-15
,8-12
--/-i:!
—
North
.
8%
50c
$1%
(quar.)
8-16
______
n:4%'. Adjustment preferred
Northern
8- 2
8-25
$1.25
(quar)
(quar.)
Mines
Northern
8- 2
9- 1
15c
—
North
(quar.)
(quar.)
&
A
7-15:
7-22
preferred
$1'A
preferred (monthly)
preferred
(monthly)
7%
Reliance
Dock—
Dry
Norfolk & Western Ry.; common
7-30
7-22
$iy»
25c
$ll/4
'250
A
Class
..
6%
6%'
r\i
9-16
12-16
i,
,
40c
15c
&
.
Insurance
Hundred
Noranda
,<•
7-31
_
Merchandise
York
,
9-28
12-28
8- 1
50c
58'/3c
(monthly)
;__
of N. J., $5 pfd. (quar.)
preferred
Public Service Corp.
8-16
—
(quar.)
41 2/3c
1
50c
(s-a)
(N. J.)
Brake
Air
York Fire
Nineteen
7-30
9-1
preferred
(s-a)
$1%
(quar.)
———
York
*
..
,
_
Brunswick Fire Insurance
New
8-25
11-24
8-25
11-24
6%
preferred A
5%
J.)
(quar.)
A (irreg.)
pfd. B (quar.)
class
Corp.,
Realty,
pfd. A (quar.)
7%
8-11
20c
;™_—
Biscuit
(J.
New
7-15
9-^1
Rayon
Newberry
8-7
preferred
Meter,- 8%
Bedford
(J. J.)
9-15
5%
Co.
8-10
of Colorado—
10-20
12- l
12- 1
7-23
7-31
13%c
$114
$1.18%
$2
$1
$1V2
$114
$1%
75c
preferred
pfd. (quar.)
4% pfd. (quar
Newberry
Extra
j'
$2c
5%
25c
—
(quar.)
(quar.)__
5'/2 %
National Tea Co.,
614%
8- 4
10-30
12-20
12-20
8- 2
8-16
(s-a)
common
•
National Power & Light, $6 preferred
New
8-25*
8-14
7-23
—
Newport News Shipbuilding
$5 preferred
(quar.)
New Process Co., common
Taylor, 8%
Louisville,
.6y2%
& Type,
Paper
preferred (s-a)
Neptune
9-15
$20c
Transport
8- 2
___
Extra
7-23*
$1'A
Provincial
$114
$l'/2
non-cum.
7-20
8-14
25c
5%
$18-2
50c
(quar.)
Co.
^_r—™™-____™i:
10c
1st pfd. (s-a)—
3% non-cum. 2nd preferred (s-a)
National Lead Co., 6% preferred B (quar.)_
National Liberty Insur. Co, of Amer. (s-a)
National Erie,
7-12
Procter & Gamble Co., common (quar.)
5 %' preferred (quar.)™w^™™-™i»«i^_--.—,
2c
$2'/2
$l'/2
$l'/2
10c
Quarterly
12-21
9-15
7-15
7-15*
7-14
9-14
.
50c
2c
5c
(quar.}_
8- 2
Privateer Mines
8-14
u.
7-26
2nd preferred (quar.)
Louisiana Land & Exploration
Louisiana Power & Light, $6 pfd. (quar.)__
Lukens
Machine
8- 1
—-
Participating
Loose-Wiles
5%
Electric Welding
Extra
12- 3
8-14
' 8-21
New
50c
50c
' $1.10
$1.10
$25c
$25c
_____—
Co.
Participating
participating preferred
'
(quar.)
7-12
8-26
7-20
Distillers
8-10
8-10
;____
Portland Cement—
participating preferred
Louisville
Mfg.
&
__—__
Cylinder Gas. Co. (quar.)
Products Corp. (quar.)—
National
9- 1
9- 1
$1%
15c
$iy8
Ltd., class A (quar.)
'5%
■
—
(quar.)
preferred (quar.)
$3 convertible
National Chemical
Longhorn
&
(quar.)
(quar.)
8- 2
50c
,
Loblaw Groceterias Co.,
Class B
(quar.)_
Lord
A
7-24
8- 2
7-24
11-25
7-24
$1%
30c
$l3/4
25c
50c
50c
75c
75c
10c
20c
(quar.)
7-20
$1V2
7-18
12- 1
8- 1
5c
50c
15c
15c
50c
25c
convertible preferred
$3
9-1
(quar.)_
(quar.)-__
Corp.
4
A
Class
30c
Special guaranteed (quar.)
/ Original capital
(quar.)
—™_™_«__—_™«'
Original capital (quar.)™
__™^
■
preferred (quar.)-!
City Lines, common
7%
National
2
8-1
8- 2
56'Ac
25c
common
6-28
8-11
8-26.
7-21
(quar.)
common
preferred
5%
Co.,
8- 2
9-1
9-10
8-1
™
■?/'.
.
Biscuit
tlOc
$1%
25c
B7Mso
Liquid Carbonic Corp., 4V2% pfd. A (quar.)_
Little Miami RR. Co.,
special gtd. (quar.)
.
preferred
National
7-20
2
8-
8- 1
9- 1
(quar*.)
8-
9- 1
7 %
(quar.)
pfd.
38c
75C
$2'/a '
$1%
preferred (monthly)
6%. preferred (monthly)
'
9-15 J"v 9-15
12-15
12-15
7%
preferred (quar.)
Princeton: (N. J.)
Water
9- 1
,
(quar.)—
common
7-15
7-20
Quarterly
Lionel
7%
Metals,
(quar.)
Bearings
8-14
8- 2
B
Belt
National
7-31
Libby-Owehs-Ford" Glass
I
—
Liberty Loan Corp',, $3'/2 preferred (quar.)—
Life Savers Corp. (quar.)—
_____—40c
Liggett & Myers Tobacco, common (quar.)_
75c
1-3-44
8-15;
(quar.)
preferred
$2c
$iy8
Levy Brothers, Ltd. (interim)
Lexington Water, 7% preferred (quar.)
1-3-44
9- 3'
Battery Co.
8-15
<quar.)
preferred (quar.)
,,
.
pfd.
conv.
15c
Corp., 4J/2%
Lemer Stores
6V2%
convertible
6%
6%
8-2
10- 1
(resumed)
Co.
of Rec
__
9-15
8- 2
(quar.)
37y2c
$1
(quar.)—
(quar.)—
Tailors
Leitch Gold Mines; Ltd.
Link
Co.
Fibres
30c
preferred
Class
Acme
75c
Lehigh Portland Cement, common
Leonard
—
10- 1
7-20
10-1
(Colo.) —
Co.
Securities
Auto
National
—
preferred
6%
Lee
™„;
(quar.)
Shops
Lawyers Title Insurance
$134
.8- 2
$1
(irregular)
National
8- 2
8- 6
25c
25c
$1%
$13A
B
National
8-15
8-2
$$1%
;
Series
9-17
15c
J30c
preferred (quar.)
——
preferred (quar.)
Lane Bryatnt, 7% preferred (quar.)
—
Langleys, Ltd. 7% conv. preferred (accum.)
7% convertible preferred (accum.)
Co.
10- 1
8- 2
Nation-wide
7-19
10-15
7%
Lanston
9-10
9- 1
8-16
8- 2
$l'/2
$l'/a
preferred (quar.)
preferred (quar.)
Narragansett Electric, 4'/2%
Nashua Mfg. Co. (quar.)
6%
7-31
7-10
8-27
8-10
8- 2
Holders
$13/4
$1%
25c
6%
9-30
8-20
When
Payable
Paper Box Co., 7%. (quar.)
preferred (quar.)
Portland Gas & Coke, 7 %. pfd.
(accum.)
6% preferred (accumulated)
:
Portland RR. (Me.)
5% guaranteed (s-a)__
Potomac Edison Co., 6% pfd. (quar.)
7%
$l'/2
of America—
Chemical Co.
Mutual
■
Public Service Co.
preferred (quar.)
Muskogee Co., 6%
12-30
7-20
9-20
7-31
$1%
$1%
7%
Lansing
10-15
8c
$1V2
25c
50c
$l'/2
& Co. (quar.)_—
Fund
(quar.)—
Klein (Emil)
Munising Paper, 5%
9-15
6-19
8-10
8- 2
8- 5
1-15-44
8- 2
10- 1
8-20
Per
share
Name of Company
Pollack
$2
•
mm.
pfd. (quar.)
1st pfd. (quar.)
8%
Works,
Water
8-31
9-15
$1
$1 'A
Quarterly
Quarterly
2c
(s-a)
Y.)
(N.
9- 1
8-20
8-20
of Rev.
Mortgage Corp. of Nova Scotia (quar.)
Mount Diablo Oil Mining & DevelopmentMuncie
2c
25c
25c
8c
—
—
-1
ditto
Knickerbocker Insurance
8-10
10- 1
8- 1
—
—
Holders
.
7-19
v
When
Payable
Montreal Loan St Mortgage (quar.)——$31140
Moody's Investors Service—
$3 participating preferred (quar.)__
75c
Moore Drop Forging class A (quar.)
$l'/2
Moore
(Wm. R.) Dry Goods, (quar.)
$l'/a
Quarterly —
______
$l'/a
Morris (Philip) & Co. see Philip Morris & Co.
Morris Plan Bank (Cleveland, Ohio)
(quar.)
40c
Morris Plan Co, ot Rhode ,Island (quar.)
,
■
$1
Morris Plan Industrial Society (quar.)
$1
,
$1.06'/♦
,
.
'
11-10
7-15
7-15
8- 1
9- 1
8-16
—30c
-—10c
—™™
20c
8%
Name of Company
9-15.
10-15
9- 1
12-1
8-2
8- 2
$75c
Per
share
}
Holders
of Reo,
7-21
7- 7
8- 1
8- 1
$1%
30c
Ironrite Ironer, common ——-i™.
Jantzen Knitting Mills,
Payable
87V2c
(quar.)
common
(quar.)
Common
When
Per
share
,
v
Monday, August 2, 1943
$20c
8-14
"
8-14
9-15
Volume 158
-THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4199
Per
Name of Company
'•§'«■£ share-
Standard Cap & Seal, $1.60 conv. pfd. (quar.)
Standard Equities Corp.
(irregular)
—
Standard
Silica
Corp.
Standard Steel Spring-
?
Wilson
8- 2
Wilson
8-14
8-5
5%;
'
60c
9-15
-A—....—40c
9-15
Extra'
Stanley
"Works,
5%
10-1
3114c
....
(A.) & Co. (quar.)
Sterling, Inc., $1V2 preferred
Stott
Briquet,
$2
t75c
t75c
.
50c
pfd. A (quar,)
Strawbridge & Clothier, 6%
$1%
9- 1
8-2
7-12
8- 2
7-10
.
r_-- ■
Ray Drug Co., common.-..-_.-..>.-—
6% preferred {quar.)_.
Superior Portland Cement, class B
Swan-Pinch. Oil Corp, .common
.6%
preferred (quar.)
Swift & Co. (quar.).
Syracuse, Transit Corp., common (irregular)
Tacony-Palmyra Bridge Co.—
5% preferred (quar.)
:
Tampa Electric Co., common
:
$1V»
.
20c.
37 tec
<
■
—-
50c
25c
37tec
,/.
:
.
.
Toburn
(John
Gold
Toledo
Mines,
Edison
6%
R.)
40c
pfd.
Extra
6%
.....
——*
—
9-
7-20
7-31
$4te
preferred
Union
Oil
of
California
United
5%
'
Biscuit
11-15
8- 2
6%
5%
Grain
Growers, class B
8-16
7%
6.36%
9-
1
•
•
'
9-
1
8-16
U.
15c
8- 1
S.
Fire
S.
Guarantee
Insurance
8-
1
J25c
9-
1
J$1
9-
8- 2
5te%
S.
convertible
Industrial
preferred
Alcohol
1
•
<
10-I
.
8- 2 •"
8-16
1
8%
non-cumulative
68%c
■
8- 2
.
r
s
r
above
The
company
preferred
5%
9-24
9-15
12- 5
$1
8- 2
$72
$2tec
pfd.
Virginian Rv.,
Vogt Mfg.
6%
Corp.
Walker
(H.) * Gooderham
&
$3
preferred
1
Engineering
30,221,772
14,228,233
1,200,242
370,941
;
availability items
liabs., incl. accrd. divs..
12-10
12-
83,572
+4,572,746
9,729
235,414
+ 266,019
376,659
+
—
+
—
50,294
312,253
23,360
152,303
—
14,439,553
1,121,887
5,581
+ 283,224
29,795,254
2,172
+296,979
+5,080,064
3,807
"
7)—
160,411
13b)_
26,829
8- 2
Other capital accounts.
90,367
40,918
(Section
(Section
9- 1
9-20
394
"t:
1,154
;; 325
V
11
1,159
0 17
1
48
22
■
72
*
1,282
4,762*
■»
......
+
21
+
3,011
3
+
5,511
44
......
bonds
+
1,978
+
4,832
18
15,929
41
1,697
181
2,956
26
8,740
securities
Reserve with Federal Reserve Banks
418
135
6,965
i
57
343
—
*
'
458
898
"
Cash in
vault—
528
24
2,307
75
...
Balances with domestic banks
35
+
—
accts.
30,221,772
Commitments
make
to
deposits-adjusted
33,386
+297,364
+5,127,746
8-13
15.9%
banks
Domestic
—
—.....
Foreign banks
8,797
773
—
Borrowings
Debits
to
demand
and
7,073
+
3,315
121
+
404
1
+
94
38
+
28
642
deposit accounts except
U.
S.
Gov't
accounts,
—.......
debits previous
Revised
week;—........—
11,657
*12,067
♦Minneapolis district.
4,114
11,875
628
+
Interbank deposits:
during week
71.6%
;
28
5,385
.....
503
5,733
34
Time deposits
2,909
indus¬
trial advances
380
Liabilities—
Demand
interbank
6
9
8-10
;
9-15
Foreign Exchange Rales
8-13
9-15
8-13
8- 2
7-21
9.
154
9-10
10-
10-20
75c
$34.65
banks
Obligations guaranteed by U. S. Government
to deposit &
res.
F. R. note liabilities combined
7-17
;
1,315
—
I
.
Treasury notes
48
Surplus
Total liabilities & cap.
8-
.
.
Treasury certificates of indebtedness
203,951
272
+
148,911
in
paid
Surplus
7-15
8-20
9-10
13,216
301,195
70,089
—
1
8-1
Capital
1
67tec
of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now^certifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
We give below a record for. the week just passed:
Pursuant to the requirements
1
7-15
8-' 2.
7-15 '
-
FOREIGN
EXCHANGE
RATES
CERTIFIED
BY
FEDERAL RESERVE BANK TO TREASURY UNDER TARIFF ACT OF
TO JULY 29, 1943, INCLUSIVE
- •;
1930
JULY 23
■
7-24
8-10
7-24
25c
8-31
8-2
$134
8-31
8-15
10c
9- 1
8-16
25c
8-15
8-1
com—
1
Co.
+5,127,746
"
'
•
U. S. Government deposits
9-10
t25c
•
+297,364
to
Treasury bills
Other
Total liabilities
9-21
9-
t$V
Loans
Liabilities—
Deferred
12-24
8-10
Wellman
assets
Worts—
(accum.)—
(accum.)
+
carrying
...
...
948
">Other loans
•
1,775
16,666
-
862
+ '
37,003
535,123
+
.31
—V"
+
—
5,618
....
Real estate loans
87
+
62,742
—
Capital Accounts—
8- 2
Grape Juice Co.,
preferred (quar.)
63,102
+
L565
—
9-15
10-
$1(4
$5 preferred (quar.)..—$1(4
7%
..—
Total deposits
1-3-44
-
...
Loans (;o brokers and dealers in securities 7
+4,849,100
134
61,108
210
9,449
Commercial, industrial, and agricultural.
loans
4- 377,647
46,612
....
Loans—total
.
8-14
1
37tec
Welch
7,976,139
1,563,134
38,680
——
Foreign'.!.
12-27
$134
Decrease (- -) Since
7-21-43
7-14-43
7-22-42
7-14
Site
Washington Gas Light (D. C.), com. (quar.)
$4te preferred (quar.)——
——
•
.
,
10-
—J20c
,
Other (loans for purchasing or
559,195
9-10
Common
Walker" Mfg.,
875,969
U. S. Treasurer—gen. accts—
37tec
Warner Bros. Pictures, $3.85 pfd.
Warren Brothers,"class A-(s-a)—
Increase ( +) or
1,091,700
1
$3
(quar.).
:
$1, preferred (quar.)———————---—
1,584
4,660,560
foreign banks
Ratio of total
-
9,879
+
1.075
12-
20c
preferred (quar.)
^Waite Amulet Mines (interim)
4,184
+
of the principal assets and liabilities of
reporting member banks, and of debits to. demand de¬
posit accounts, follows:
167,488
12,309,175
9-20
(accum.)—
A summary
308,458
—
Assets—
Member bank—reserve acct—
$1.75
common———_
16,807
$628,000,000.
member banks.
■
—
Deposits:
20c
Co.,
13,005
1
25c
7%
90,044
9-
$1.75
_
Vulcan Detliihlng
38,908
+
9-27
$2
(accum.)
(quar.)
+
1,112
securities
9-10
-1
1-1-44
62 tec
preferred
437,410
1,082
+
guaranteed—™..
F. R. notes in act. circulation.
10-1
62tec
preferred
19,001
+
securities,
9-10
8-28
75c
Vertientes-Camaguey Sugar
Virginia-Carolina Chemical—
participating
from
Other
(quar.)
—
53,510
U. S.
10- 1
Van Norman Machine Tool Co.
6%
and
Other
75c
Vapor Car Heating, 7% pfd.
7%
preferred (quar.)
Govt,
premises
Other assets
11-30*
^
prior preferred (quar.)
prior preferred (quar.i
5%
$2
(quar.)
Upressit Metal Cap Corp., 8%
Utica
Knitting Co.—
20,111,215
was
Deposits credited to domestic banks declined
$65,0d0r
000 in New York
City and $121,000,000 at all reporting
■
7-15*
9-24
(quar.)—
Universal Pictures, 8% 1st pfd. (final)
Upper Canada Mines, Ltd.
Upper Michigan Power & Light—
6%
preferred* (quar.)
6%
..........—
8-31*
12-20
".
—
Bank
7-15*
9-20
formerly known
was
Vadsco Sales Corp.
Leaf Tobacco, common
as
Universal
July 29, '42
Loans and investments—total....
Total bills and securities^.^.
7-20
•
2
62tec
—
member banks
Decrease Since
723,400
Due
8-
25c
(quar.)—
or
July 21, '43
i.r.; -'*•
Total
preferred
of dollars)
1,475,348
F. R. notes of other banks
50c
_
common
New York
tax.
direct
Uncollected items
8-2
-
62tec
1st
Laboratories,
Common" (quarterly)
deposits-adjusted increased $260,000,000 in
City, $61,000,000 in the Chicago District, $47,000,000 in the Cleveland District, and $503,000,000 at all
Non¬
source.
income
12,126
9-10
2
50c
Universal
Demand
the
13,005
:
7-24
8-
reporting member banks,
(In millions of dollars)
discounted
;
direct
9-15
9-30
;
.*'•
25c
common
at
British
:
9-20
10-
50c
—
Co.,
Less
—
securities,
Total' U. fit.
8-16
9-1
10-ia
Govt,
Bills •
;;
7-15
25c
Rubber
S.
City and $181,000,000
discounted
Certificates
United States Pipe & Foundry Co.—
U.
a
City, $11,000,000 in the Cleveland District,
$41,000,000 at all reporting member banks, Obliga¬
at all
deductible
7%.
of
Government bonds increased
$22,000,000
tions guaranteed by the United States
Government de¬
clined $106,000,000 in New York
and
Notes
•*.-
9-15
,
bills
Bonds
7-15
9-1
>
(quar.)
Quarterly
Quarterly
12-4
and guaranteed:
9-15
10- 1.
8- 2
40c
-
Extra
*'
S.
8-16
.
(quar.).-
:3 9- 4
States
.
•
U.
9-15
12-15
and
(.■
Industrial advances
7-15
9-
58tec
;"
50c
Holdings
in New York
7-15
354,750
Total bills
U.
58tec
■
hand
gations, direct & guarant'd
7-31
1
58 tec
y"
on
cash
Other
7-31
—
.
7-15
8-1
Secured by U. S. Gov't obli¬
9-10
—
(quar.)—'———
* '
-
tax
tax,
July 28, '43
Bills discounted:
7-20
1
10-
common—
(quar,)-—_—
Co.
8- ,1
dividends.
funds,
resident
20,519,475
7-20
10c
J75c
U. S. Hoffman Machinery—
accumulated
Canadian
15%;
S. Treasury
Redemption fund—F. R. notes
Other
7-15
preferred (monthly)
53c
6.36%
preferred
(monthly)
:
53c
6.36%
preferred (monthly) —r 53c
6%* preferred (monthly)y':<50c
6%
preferred'- (monthly)—.--—
50c
6% preferred (monthly)
50c
United N. J: RR & Canal (qua*.).*.
X $2te
U.
in
tax,
due from U.
8-13
J38c
——
20c
37(4o
8-13
$114
—
United
...
of
Holdings of Treasury notes in¬
000,000 at all reporting member banks.
9-11
7-14
7-10
non-cumulative
7%
account
V.
$18,000,000 in the Kansas City District and $44,-
1
Increase
7-31
8-10
Chicago District.
creased
8- 2
....
—
Gold certificates
United
7%
in the
7-30
5C
(quar.)..^
(In thousands
7-31
25c
preferred A__
Light & Railways Co. (Del.)—
preferred (monthly)
preferred (monthly)
preferred (monthly)
10-
secur¬
t".
being $284,000,000 in New York City and
$88,000,000 in
the Chicago
District; the total decrease at all reporting
Fuel
United
preferred
Assets—■
8-10
8-16
8-1S
common
Investments, Ltd.—
class A preference (quar.)_
8-21
$1%
dealers in
reporting member banks. United States Government de¬
posits declined in all districts, the principal decreases
7-16
$lte
(quar.)
United Corps., Ltd., $1.50 class A (quar.)
United Drill & Tool, class A (quar.)
S Class B _2—United
9-15
50c
.
—.
7-24
8- 2
$lte
(quar.).
America,
7-30
7-15
11-10
$5
preferred
of
8-16
8-16
8-15
common, (quar.)..
9-10
20c
—
t$3(4
,
50c
Ltd.,
8-21
25c
.
7-30
$$3(4
$1
and
$154,000,000,
trict, $19,000,000 in the Boston District and
$135,000,000
at all reporting member
banks, and declined $35,000,000
9-10
8-16
$20c
Spring & Wire (resumed)—
(L. A.)
2
1
8-14
$114
(quar.)
8-20
(s-a)—.—
of
Holdings of Treasury bills increased $114,000,000 in
New York City,
$22,000,000 in the San Francisco Disr;
—
1
10-
increase
Reserve Banks Combined
2
8-
9-
(quar.)__
9*1
15o
An
Statement of Condition of the 12 Federal
7-20
7-20
25c
preferred
7-20
10- 1
ities declined
9-20
$Payable
Union Electric Co. of Missouri—
$5
8-2
resident
•"
8-16
(quar.)
4
7-20
2
25c
Quarterly
$20,000,000, and loans to brokers
8-26
10- 1
tOn
11-24
8-16
$lte
Troy & Bennington RR. (s-a)
Tung-Sol Lamp Works, 80c preferred
Tyer Rubber, 6% preferred (quar.)
7-
7- 4
Less 30% Jamaica income tax.
•Transfer books not closed for this dividend.
7-20
12tec
(quar.)
8-16
8-21
10-1
10%
$7(4c
Quarterly
1
8-
—
(Dallas)
7-15
8-10
x
5c
iquar.)__
1
50c
Quarterly
1.
.
8- 2
8-2.
—
preferred
Trinity Universal Insurance
8-
9- 1
(Rudolph), common (lrreg.)
25c
preferred (quar.)....$1%
6%
8-11
8-
——
7
8-23
7-15
changes for the week ended July 21:
Zion's Cooperative Mercantile Institutions—
8-16
50c
58 l/3c
.
2
reporting member
following principal
$503,000,000 in demand deposits-adjusted and a decrease
of $628,000,000 in United States
Government deposits.
Commercial, industrial, and agricultural loans declined
7-22
,
tic
412/3c
(monthly)
(monthly),
7%
preferred "(monthly)
Trane
Co., common
(quar.)
7-30
90c
____
(irregular)
Ltd.——
5%
Co.,
8-10
$lte
$l3/4
Co.
preferred
2
50c
-
.
Mfg., $3.60 preferred (quar.)
Thermatomic Carbon, $5 preferred (s-a)
2
8-
8-
10%
....
...
Sheei
6-17
8-
8-16
9- 1
8-28
9-15
8- 2
8- 2
8-14
12- 1
10c
...
Thatcher
8- 2
7-21
$$13A
————
Youngstowii
& Tube, .common
5(4% preferred (quar.)
Yuba Consolidated Gold Fields—
,
1
8-15
$21/2
Terre. Haute Water Works, 7% pfd. (quar.)
.Texas Gulf Producing
Texas Gulf Sulphur Co; (quar.)
Texas Power & Light, $6 pfd. (quar.)
i—
7% preferred (quar.)„___
Thompson
8-16
8-16
7-21
8- 2
40c
Young
9
40c
10-15
8- 2
Co., Ltd.—
7-23
$1%
$1%
n-i
$1(4
Fale & Towne Mfg. Co.—.......
7-15
IIV*
'
.
$1
30c
(s-a)
Co.
&
York Knitting Mills, common
7% 1st preferred (s-a)
7% 2nd preferred (quar.)
9-
7-15
50o
Zellers
(quar.)..-i-_------„^_wh,-,»-
W.)
W.)
The condition statement of
weekly
banks in 101 leading cities shows
the
10-15
Wurlitzer
7-15
.
9- 1"
750
(F.
(F.
9-
8- .2.
8- 2
8- 2
9-25
9- 1
10- 1
30c
-
_
A
.
8- 1
il- 1
Common
7-20
-
7%
:Sun
...
7-23
1
.
__
—
8-
1
20c
Wright-Hargreaves Mines (quar.)
Wrigley (Wm.) Jr., Co., common.
8-10
$1
(quar.)
Suburban JEleotric; Securities C,o.—
$4 2nd preferred (accum.)
Sun Oil Co., 4te% class A pfd. (quar.)
Preferred
7-30
7-15
...
Ordinary registered
American deposit receipts-.-,.
7- 7
(quar.)_—
-
7-19
8-2
8-
—
Woolworth
Woolworth
7
2
8-16
$1
9-16
7-
8-
$1(4
Wisconsin Public Service, 5% pfd.
(quar.)_.
Wood, Alexander & James, 7% pfd. (accum.)
Member Bank Condition Statement
of Rtjo.
$lte
$2(4 :
7-30
12-17
Payable
^
451
Holdert
$1V4
.'•■'Extra":;
25c
37tec
.
pref.
conv.
-
(quar.)
Stein
f,i;
(quar.)
Wisconsin National Life Insurance
4
When
thare
■
(accum.)
1st pfd. (s-a)
9-
9-30
12-31
8- 2
8- 2
.8-16
8- 2
-
—1
•
preferred
-Extra • •• —i—
Common (quar.)
Stecher-Traung Lithograph,
5%preferred (quar.)
5% preferred (quar.)
$6
9-4
..
8-16
$1W
$1(4
(quar.)
Steel Co. of Canada, common
7% preferred (quar.)
Co.,
Line, Inc., 5%
Winstead Hosiery, common
9-20
.
&
.Extra
.
preferred
Name of Company
>
7-21
Stock dividend (l-20th of 1 share)
Standard Wholesale Phosphate & Acid Wks.—
Quarterly
Per
8-16
9- 1
20c ;
15c
—
of Rec.
Payable
40c
>
Holdert
When
/■
4
Noon
Country and Monetary Unit
Buying Rate for Cable Transfers in New York
Value in United States Money
:
July 24
July 23
July 26
July 27
July 28
July 29
y v
•
Wentw.orth
pfd.
Mfg. Co., $1 conv.
Cirreg,);
Argentina,
Michigan (Steel) Foundry—
7% preferred (quar.) ———
—17tec
$1% convertible preferred (quar.)
43 %c
West Penn Electric, 7% preferred
6% preferred (quar.)-.
,
-
West
(quar.)
-
—
Point
Mfg. (quar.)
West Virginia Pulp & Paper, 6% pfd.
i
(quar.)
.
,
8-1
9-1
8-16
8-16
7-19
90c
$lte
8- 2
8-16
7-20
8- 2
7-20
(quar.)—r——30c
Extra;;/-.------———•.—— •
10c
Weston
Electric
Instrument
Westvaco Chlorine Products, $414
pfd. (quar.)
Wheeling & Lake Erie Ry. Co.—
514 %
convertible preferred (quar.),
4%
lien
nrior
(quar.)
White Sewing Machine,
t
$4
conv.
"Whitaker
7%
White
pfd.
Paper
8-
Water,
-
(quar.)———
preferred
.251876*
.251876*
.251876*
■
*50c
8- 1
-
(quar.)—
:
$lte
v
7-20
8- 1
,
$1
$1%
-:,30c
~,
-
7-20
10- 1
9-15"
10- 1*
9-15
8-14
8-11
.060586*
3.228000
3.228000
3.228000
.051275*
.060586*
.051275*
;
.060586*
.060586*
.060586*
.051275*
.060586*
.051275*
.051275*
.051275*
.909090
...
(British),
Mexico, peso
sterling
.909090
.909090
.909090
.909090
.9090°0
.907343.
.907500
.907500
,907500
.907500
.907578
.572766*
Free..—
.572766*
.572766*
.572766*
.572766*
.572766*
,205750
4.035000
4.035000
4.035000
,
4.035000
4.035000
4.035000
.301215
.301215
.301215
rupee
.205750
.
.301215
.301215
.301215
.205750
.205750
.205750
.205750
Newfoundland, dollar—
Free
•
Uruguay,
.909090
.909090
.905000
.905000
.905000
.905000
...905208
3.244203
is
3.244203
3.244203
3.244203
3.244203
3.244203
3.980000
!
3.980000
3.980000
3.980000
3.980000
3.980000
.904791
pound.
.909090
.909090
.909090
1
New Zealand, pound
"Union of South Africa,
t
.909OP0
peso—
.658300*
•
v.
Controlled-..
...
7-30
9- 1
3.228000
3.228000
3.228000
,
Official
$2 prior pfd
common
$6
7-26
.251876*
Canada, dollar—
7-26
8- 1
.251876*
India
7-10
8-1
.251876*
Official-
8-27
$1
50c
.297733*
Colombia, peso
England, pound
7-20
8- 2-
»297733*
Free
.
7- 8
9-10
—
preferred "(quar.)
(S. S.) Dental Mfg.
Williamsport
8- 2
^1%
-—-
!$•
.297733*
Official-.—.!...^—..
2
8- 2
$114
(accum.)—
Co.,
<
50c
-
-
.297733*
Brazil, cruzeiro—
7-19
$$114
(George) Ltd., 5% preferred (quar.)
Weston
$
.297733*
Australia, pound-._._.____^—.
8-15
.
Westchester-Fire Insurance
.
.297733*
Free
7-15
.$l3/4
$lte
—
$
s
peso—
Official
West
Noncontrolled
•Nominal rate.
.658300*
.658300*
.528500* v
.528500*
i
.658300*
.528500*
.528500*
j
.658300*
.658300*
;.V .528500*
".528500*
Corporation and Investment News
General
PUBLIC UTILITY
RAILROAD
I
Co.—To Pay 50-Cent
Wire
Acme
Period End. June 30— "
$23,781,287 $18,309,821
654,733
come
income
*Profit before prov. for
366,959
166,719
inc.
foreign
Earnings
for taxes
prov.
income
on
-
$4,951,762 $10,337,816
$5,304,118
_
$9,290,021
6,891,671
6.037,113
Federal taxes
for
Prov.
acordance
income
Net
$3,446,145 *$3,252,908
$1,715,512 *$1,647,368
—
ing
(less
in
——2,713,337
share—™
$0.6323
held
2,713,337
2,713,337
Earnings per
$1.2701
*$1.1989
'Changed from previously published figures to conform with the rates
subsequently established under the Revenue Act of 1942.—V. 157, p.
Treasury)
■
,
2,713,337
*$0.6071
$332,632
113,335
58,674
railway
from
Gross
•
Net
Net
ry.
railway
from
39,106
income
oper.
From Jan. 1—
railway
from
Net
ry. <oper.
—V.
—
158, p.
158,
♦Deficit.—V.
Net
ry..
1942
$1,727,215
899,833
89,023
1941 $884,767
330,384
,180,792
8,557,743
4,007,226
4,934,123
1,714,428
1,266,074
income
oper.
994,086
1940
$681,495
238,383
116,174
1,000,102
.
Net
ry.
railway
from
Net
—V.
railway-—
from
Gross
income
oper.
158,
3,795,356
1,122,396
,..
r:
<
!
railway
Net from
.
Net
$3,113,397
1,233,088
214,808
996,719
356,341
From
"""■Y
13,401,447
9,430,296
4,059,651
2,474,199
1,660,672
768,286
oper..
ry.
18,295,541
7,511,661
railway
from
Net
railway
from
Gross
240,478
*7,835
'
.
.
2,402,532
income.-
1
7,652,343
1,308,319
per
6%
the
.
'
r
Like amounts were
Aug. 3.
$50, payable Aug. 12 to holders of record
disbursed on March 10, May 28 and June
In 1942 only one
28, last.
1.—V. 157, pY 1937.
payment of 50 cents was made on April
consider
will
Vice-
vAmerican Airlines, Inc.—Mr. Damon to Resume
Presidency—
,
.J
;
will return to American Airlines as Vice-President and General
He had been with Republic since May 1941, on "loan,"
time he was Vice-President of American Airlines in charge
Manager.
at which
<of
operations.
Express rises 105% in First Half of Year—
first six months of 1943 carried 9,307,080
pounds of air express compared to 4,525,354 in the corresponding six
months of 1942, an increase of 105.6%.
Pound miles flown rose to
the astronomical figure of 4,470,538,000,
an increase of 97.4%
over
.the same period last year, according to Charles A. Rheinstrom, Vicecorporation
The
President
of traffic.
charge
in
the
in
of
cash.
In
p.
of
period
responding
of
1942.
in
2208.
June
(& Subs.)—Earnings—
stock
authorized
preferred
On
proposed
a
-
profits taxes—
for contingencies
Reserve
;
profit
Net
will
and
be
the
each
J.
for
1941
$682,458
i
.
602,400
972,700
184,000
__
do
'
'
not
continuing corporation will
bonds
155.
;
v
,
Chairman,
Brush,
G.
monthly
meeting
of
the
a
gain
of
•
"The
some
Directors
9%.
in
increases
rationing
of
in
announced on July 23; 1943, following
board of directors,- that sales of the
declared
raw
sales
and
earnings
and
increase
in
were
containers,"
commenting on the mid-year figures.
"The
the regular monthly dividend of
stockholders of record Aug. 14.
achieved
in
spite of
under
export and foreign business and restrictions
materials
sales was due
to
•
;
Brush
Mr.
i
three factors;
'
.
a
.
in
stated,
....
.
\
.
,•
substantial rise
th|e Corporation's normal civilian business, increased deliveries on
government contract and increased output of important new sub¬
sidiaries acquired within the past year.
In
.
American Home Products has further increased its pro¬
vitally-needed medical supplies for the armed forces, ap¬
"Although
duction
of
for
ended
the
period
same
last
This
year.
enabled
only
not
the
interest on July 1, 1943, ■ at the maximum rate of 5%
but also permitted the accumulation of funds for retire¬
ment of bonds.
Should these earnings continue in the future, there
of
payment
annum,
per
should
substantial
be
again
available
funds
of
at the end
additional bonds
the
for
retirement
period,
next semi-annual
the
of
this
and
strengthen the market value of the bonds.—V. 157,
214. ,Y,;. r•• ,■•.
:•..
•' Y ,-Y-YY^yY^Y^Y
"Y
?
Arizona Power Corp.—Earnings—
will
p.
necessarily
.
6 Mos. End. June 30—
Electric
Gas
i
revenues
;
15,090
revenues
Total
Operating expense other than maintenance—
Maintenance
Prov.
and
15,756
27,500
:';t '27,500
34,809
28,537
35,579
7,699
30,080
$106,128
$111,403
and replace.—
Z
income taxes
Other Federal
State
22,842
-
—
depreciation, renewals
for
7,524
taxes
local
$316,231
88,215
$310,243
82,903
operating revenues
Federal
1942 ' •
$300,882
15,349
1943
$295,152
"*
taxes.
————————
s
Net
operating revenues
(net)
income
Other
2
>
•
•
.,Y:-'••••
•
Interest
long-term debt, etc.-
on
'Y
requirement——
Y
$82,070
82,070
79,480
:
.
$112,510
Y 30,440
$79,480
fund
1,107
v
•
27,364
-
income
♦Sinking
'/'■
$106,844
income
Gross
Net
717
.—
.
♦Sinking fund requirements are appropriated from net income to the
available and are a prior charge to the declaration and payment
extent
of
that the sinking fund requirements
$117,048.—V. 157, p. 2443.
It is estimated
dividends.
any
for the ,year 1943 will be
and
excess profits
contingencies
and
inc.
for
$11,948,720 $10,465,782
taxes8,219,023
7,131,460
reserve-—i——_
500,000
v
——
$3,229,697 $3,334,322
♦Earnings per share
———.——
$0.77
$0.81
•On 2,868,686 common shares.—V. 158, p. 252.
Net
profit
-
.
-
♦Net
profit before Federal
A.
Federal income
and excess profits
way
for ultimate restoration to the
corporation, Armour & Co. (Illinois) of the properties, assets
earnings potentialities of the Delaware subsidiary.
The parent
already owns all of the outstanding common stock of the Dela¬
$6,667,977
$1.97
and
firm
concern.
ware
Mr.
>
14,348,800
-
the
"In
very
as
follows:
completed
have
directors
,
1 •-
by which
all
,
arrangements
,
of
•
the
guaranteed preferred stock will be redeemed and retired
company's 7%
in
stated
Eastwood
"The
12,499,200
he said, paves the
action,
parent
1942 ,
$14,975,999 $17,077,237
taxes—
President.
Eastwood,
This
,
1943
taxes—T._——i,
guaranteed preferred stock through sale of $15,000,000 of 5-year
notes to a group of insurance companies, according to George
3%
Foundries—Earnings—
9 Months Ended June 30—
Stock
completed plans for retiring the remainder of its
The company has
7%
$11,570,297
4,902,320
•
American Steel
Preferred
Retire
(Del.)—To
Co.
Through Private Sale of $15,000,000 Notes—
1941
1942
1943
&
Armbur
Co.—Earnings—
near
future.
May,'the Delaware
issued $35,000,000 of 7% cumula¬
company
(subordinated) and partly through an exchange
preferred stock and partly through sale of
the remaining debentures and application of the proceeds to retiring
stock, a major part of the outstanding preferred stock of the Delaware
company was eliminated or is in process of being eliminated.
; ; '
'
tive income debentures
share, payable Sept. 1 to
reduction
the
earnings
months
than
if all outstanding
stock are exchanged under
all charges but be-
after
taxes
Reserve
$2,476,799 $2,728,437
Earnings per common share
—
$2.09 .. .
$2.30
♦After depreciation, amortization of emergency facilities, reserve for
renegotiation of contracts, after post-war credit, etc.—V, 157, p. 2209.
profit
-
——
-
of
-
debentures
these
"Funds
corporation had increased 39% in the first six months of 1943, profits
before' taxes were 53% higher and net earnings after taxes ishowed
20 cents per
Of the bonds, in the amount of $34,100 to be
the co-trustee for retirement, approximately 48% were
participating certificates.
•• •
<
1
of the company were exceptionally good during the
May 31, 1943, the operating profit (before bond
interest, depreciation and amortization) having been $38,125.97 greater
;
.
American Home Products Corp.—Semi-Annual Report
the
YY;
price
bond.
by
and
The
six
Chairman
American Rolling Mill
Net
Alvin
'
bonds were accepted by the co-trustee .for
of $20,285.
The average price "paid by
for these bonds was slightly less than 59 V», or $594.86
total
a
at 60!/2, or $605 per $1,000 bond.
Bondholders who tender
bonds to the sinking fund are permitted to retain their stock interest
in
the
company
as
represented by their participating certificates,
whereas
the ordinary market bid
for the bonds includes both the
251.
158, p.
'
,
Treasurer; pointed out that the above figures
reflect the results of renegotiation of Government
contracts.—V. 158, p.
the
co-trustee
the
consolidated net
$364,758
$1.22
$1.17'
.
Davis,
Sterling
1942
317,700
$352,078
$290,003
$0.97.
—
300.000 shares of common stock outstanding.
1
"
with
hand
on
accepted
thereafter it will set aside an amount equal
profit of the preceding year in excess of
year
was
dispose
value of the
at
$1,000
purchased
to
sinking fund for retirement, yYv
par
co-trustee
per
outstanding
common
deposited
1934; said
for the retirement of bonds, and bond¬
of their bonds were invited to tender
available
wished
the
to
$34,100
letter to
possible,
in view of the elimination of the accrued and unpaid dividends on
the present preferred stock, to pay dividends on the common stock,
adding that it is hoped that it will be possible to resume in the
reasonably near future dividends on such stock.
Estimated gross sales for the first half of 1943 were $230,000,000,
and net profit before provision for possible results of war contract
renegotiation is estimated at $4,300,000, allowing for post-war credits *
and provding for post-war • contingencies in identical amounts.
This
compares with a net profit of $2,551,732 for the first half of 1942.
Dividends oh the new preferred stock, will be cumulative from Julyr
1.
The corporation is to set aside $350,000 on May 1, 1944, as a
sinking fund for retirement of the new preferred stock, and on May
Fed.
1942
$1,446,703
•Earnings per common share—
'On
p.
(Arcady Apartment Hotel), Los
there
1943,
30,
$20,311.29
who
retirement
to 25% of
the amount
required for payment of full preferred dividends for that year.
The company will not be required to set aside any amount for the
sinking fund in any year if, after such amomit shall have been so
set
aside, the
consolidated net current assets would be less than
$16,000,000, or after the par amount of the new preferred stock out¬
standing has been reduced from $35,196,100 to $20,000,000.
Stockholders of record July 26 will be entitled to vote on the pro¬
posals at the special meeting on Sept. 2, 1943, according to the proxy
•statement. This meeting originally had been set for Aug. 25 at which
stockholders of
record July 16 were to act, according to a notice
'"issued about three weeks ago by the New York Stock Exchange.
►
142,
Secretary, on July 21, in a letter to holders of
fund bonds dated June 1, 1934, and holders
Pepys,
June
of
them
canceled.
and
Dickerman,
C.
fore
$954,478
1943
30—
profit before taxes and reserve
Provision for Federal income and
Net
excess
Act.—V.
Coal Control
the Guffey
of
expiration
substance:
sum
(b)
stated value of $1 per share.
present
Earnings
Ended
R.
mortgage sinking
holders
7% preferred stock, entitled
upon voluntary liquidation,
to $100 a share preference
1,383,832 shares of no-par common
6 Months Ended June 30—
Months
by
American
American Barge Line Co.
6
25
for the company
participating
certificates
representing capital stock,
pursuant to a voting trust agreement dated as of Nov. 1,
of the company, says in his
stockholders that when the consolidation is effective it will be
carrying 11,473,578 pounds
1943, compared to 6,061,570 in the cor¬
This is an increase of 89.2%.—V. 157,
wun
risen,
months
six
first
the
has
the
C.
Eric
This would involve also the payment of a total of $2,463,727
Shares of the company at present held in its treasury would
retired
V.
also
mail
Air
with
income
and accrued dividends
also1 the redemption price, and
such
plan.
W.
1
President of Republic Aviation
Ralph S. Damon, who has resigned as
•Corp.,
109,186
K. Taggart
July
on
Arcady-Wilshire Co.
•
:
322,116
3663.
Sales Corp.,
share
a
is
shares
be
<
> accumulations'on
1,985,649
as Vice-President and a director was
E. Howe, President. Mr. Taggart was
in 1939 and 1940, leaving on Jan. 1,
to become Vice Chairman of the Bituminous Coal Producers
for District VIII, which board will go out of existence on Aug.
1941,
Construction Co., Delaware (all the shares of
involuntary, liquidation; and
in
•;
*306,832
share has been declared on account of
cumulative convertible preferred stock, par
50 cents
of
dividehd
A
which
the
Inc.—50-Cent Pref. Div.—
Amalgamated Leather Cos.,
,V
first
American Locomotive
of
$115
in
.
:
564,763
211,439
of J.
election
manager
Board
Arrears—To Merge Subsidiaries—
Upon consummation of the merger the
authorized (a) 351,961 shares of new
to
1940
$1,349,166
557,485
266,334
-
income—
Jan. 1—
Y
oper.
ry.
; Net
railway—
from
Gross
•
'
*
have
704,705
.L
2,516,325
851,317
442,954
.
income—
158, p. 81.
sales
23
stockholders
All
1941
$1,823,003
railway
oper.
announced
1942
$210,570
$0.97
proposed
stock, with a
1942
$2,676,019
ry.
—V.
consolidation and
New York, and Transboth companies
being owned by American Locomotive Co.), -with and into the parent
company.
This consolidation, it is explained, is not designed to effect
any change in the character of the business or in the official personnel
of
the corporation, except that the businesses heretofore
conducted,
by the subsidiaries shall be continued by the corporation.
•
1943
from
Net
railway
of
is
The
RR.—Earnings-
June—
Net
The
1943
$191,164
$0.83
Ended
american
81.
p.
Alton
from
Angeles, Calif.—Tenders Accepted—Earnings—
merger
From Jan. 1—
'
2,925,324
$324,284
47,487
12,122
2,239,563
567,542
299,920
85,584
29,330
income—
oper.
$410,195
125,264
71,420
$410,546
116,186
57,666
From Jan. 1—
Gross
$1)
157, p. 861.
It
Co.—-New Officer
11,400,077
5,624,623
railway
from
Net
■
189,169
$2,005,273
1,002,372
172,566
railway-
from
Gross
ry.
1940
1941
1942
1943
$467,032
railway
railway
to offer for each present preferred share, on which
arrears
now total
$42.75 a share, one share of new $100 par 7%
cumulative preferred stock, 1% shares of new common stock, and $7
in cash.
Holders of the present common stock would receive a like
number of shares of new common stocks
f
1,102,024
346,241
1943
157, p. 2142.
RR.—Earnings—
special meeting of stockholders will be held on Sept. 2 to consider
capital readjustment program designed to clear up dividend accumu¬
lations Amounting to $15,046,332 on the 7% preferred stock;
RR.—Earnings—
Alabama Great Southern
1942.—V.
Y*Y
from
from
A
Vice-President and General Manager
division.—V. 143, p. 2664.
June—
been
acts of
158, p. 355.
To Clean Up Dividend
Spencer has been elected
B.
of the shipbuilding
Gross
profits
excess
profits taxes for. the twelve months ended June 30,
made on the basis of the rates fixed by the applicable
June—
tEsti1942
a
'
& Shipbuilding
has
depreciation and all other
taxes.
Provision for
for
made
and
$1,358,905
$1.65
excess
Ann Arbor
American Locomotive Co.—Recapitalization Planned—
154.
p.
Alabama Dry Dock
F.
$173,200
39,787
18,667
369,565
295,699
529,204
income
81.
profits taxes—
$4,981,867
3,622,962
$1,716,491
$2.15
been
income
1942
-
$7,439,569
5,723,078
share
has
including
and
revenue
Exchange
(par
1522.
(& Subs.)—Earnings—
1943
and excess
common
Note—Deduction
income
1940
1,489,160
634,686
1,601,035
538,373 1;
2,207,788
962,474
railway
from
Gross
Net
$2.39
stock
1943
Appalachian Coals, Inc.—New Vice-President—
-
..
a—$2.46
March 31—
income after all charges.
—V.
60,288
,
$2,036,477
852,300
Earnings per common share___
1941
$271,704
116,532
1942
$270,929
80,078
1943
$2,220,798
903,157
per
charges,
American Hair & Felt Co.—Earnings—
Youngstown Ry.—Earningst
of
shares
Quarter
Net
June—
1,373,—V. 157, p.
profit
Net
Stock
York
New
lor, 948,470.—V.
2442.
Akron Canton &
2,631,182
has authorized the listing of 6,000
upon official notice of issuance
in connection with the acquisition of the outstanding capital stock
of
Belle Center
Creamery & Cheese Co. and O. M. S. Corp., both
Ohio corporations, making the total number of shares of stock applied
outstand¬
stock
for income
Earnings
Acquisition—
The
additional
Com.
to
Glass Corp.
profit from operations
Provision
Net
no
*3,304,394
3,588,606
-
—
Net
$4,667,659
f4,953,460
depreciation, interest and other charges.
with the provision of the Revenue Act of
deducting
in
mated
.
^
$7,174,258
.
of
months
six
12 Mos. End. June 30—
-
Net
(estim.)
share
per
'After
•
.
Pearl Harbor
since
Anchor Hocking
1943
.■
before
to
broken
Ended June 30
inc. & exc. profits taxes
exc. profits taxes &
number of shares of cap. stock outstand—
the first
that
28
a
now
&
earnings
net
Consolidated
Aver,
'
,
Wire, Co.—Breaks Records-
July
subsidiary of United States Steel Corp., than ever before
its history.
The total number of new records established soared
431 for the 6-month period, bringing the number of old records
in
1942
inc., surtax & exc. profits taxes
Fed.
$9,123,302
36,003
for
Prov.
1,211,368
$9,970,857
338,037
charges)
Net
1,724,9X3
$4,915,759
$4,966,081
operating income
'Other income
(less inNet
is
1943
24,228,128
32,914,061
which
acquisition
new
a
&
on
production records established throughout the plants of this
company,
Ayerst,
and
announced
was
more
past six months."
$44,609,831 $34,562,798
12,739,329
17,942,034
—
"3d SortSon"0"
,
latter
Consolidated Income Statement for 6 Months
allowance?^---6--Operating expenses
the
Inc.
Steel
American
it
saw
.
<
Brother,
&
Wyeth
MISCELLANEOUS
-
.
registering the highest sales volume in its history.
Sales of S. M. A.
Corp., Harold H. Clapp, Inc., The Anacin Co., The A. S. Boyle Co.
and the corporation's principal subsidiary
in the cosmetic field, Affiliated Products, Inc., have also scored substantial gains during the
dis-
less
sales,
INSURANCE
-
heightened by increased volume of
was
John
by
sales
Harrison,
&
McKenna
(And Wholly-owned
Gross
sales increase
overall
"The
pharmaceutical
Inc.—Earnings—
Subsidiary Companies)
1943*-3 Mos.—1942
1943—6 Mos,—1942
Reduction Co.,
period of last year.
the comparable
in
,
Air
INDUSTRIAL
-
proximately 60%. of the net increase in sales during the past six
months reflected gains in the corporation's normal lines of business
other than deliveries on government contracts.
Exclusive of govern¬
ment business, net sales of the corporation were 22.8% higher than
Dividend—
declared a diVidehd of 50 cents per share on
the
common
stock, payable Aug. 14 to holders of record July 31.
This compares with 25 cents each paid on Feb. 15 and May 15, 1943.
Payments in 1942 were as follows: Feb. 14 and May 15, 50 cents
each; and Aug. 15 and Nov. 14 and Dec. 15, 25 cents each.—V. 150,
p. 2003.
'
■
have
directors
The
Monday, August 2, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
452
American Water Works & Electric Co.,
of
on
week
of
of electric energy of
years
table of
follows:
1943
Wk. End.—
July
3—
July 10
July
17-
July 24—
—V.
158,
treasury,
p.
77,439,000
75.264.000
79,760,000
80.103,000
356.
weekly output of electric energy for
'
1942
64,688,000
68,709,000
70,478,000
70,877,000
1941
57,275,000
62,960,000
64,970,000
65,545,000
and
the last
,
to
complete
the transaction which was ordered
of insurance companies
remaining
the
uncalled approximately $17,000,000 of pre¬
at $110 per share plus dividends, accrued
ferred stock will be redeemed
1942.
Comparative
five
which
with
July 23 were gained by the sale to a group
$15,000,000 of 5-year 3% notes, which notes are to be funded at a
later date.
With the addition of necessary money from the company's
of
the electric properties of this company
the week ended July 24, 1943, totaled 80,103,000 kwh., an increase
13.01% over the output of 70,876,000 kwh. for the corresponding
Output
for
Inc.—Output—
for
to and including Sept. 22.
to-accrue on'this stock."
.Y
unpaid,
cease
Thereafter, dividends will
up
'
;
1940
1939 1;
45,057.000
52,596,000
52,700,000
54,682,000
38,876,000
46,361,000 • '
45,100,000
47,019,000
,
Listing of Debentures—
The
New
$35,000,000
April
1,
York
of
7%
Stock
Exchange has authorized the listing
of
cumulative income debentures (subordinated), due
1978, which, are issued and
Y
outstanding.—V. 158, p. 81.
(Continued on page 481)
'
453
Stock and Bond Sales
DAILY
NOTICE—Cash and
deferred deilrery sales ar*
New York Stock Exchange
«»
WEEKLY
-
United States Government Securities
1
Below
furnish
we
Figures after decimal point represent
July 27
July 26
July 24
Dally Record of U. S. Bond Prices
4%s, 1947-52
July 28
July 29
July 30
Daily
2Vas,
(J.
of
Low
8.
Bond
Prices
Vis,
sales
$1,00
1963-1968
1964-1969
(High
Total
103.22
100.21
.
103.22
100.21
100.21
100.22
100.21
sales in
July 30
100.13
100.13
100.13
1
100.8
in
100.9
100.8
100.11
6
18
100.27
)
sales
100.11
lOu.3
$1,000 units
100.27
Low
100.27
$1,000 units
1
(High
Vis, 1951-53
|
Low
(Close
Close
Total sales in $1,000 units.—
-
Total sales In $1,000 units——
New York
July 29
100.15
[Close
Total
2
Low
1944-46
July 28
3
2Vis, 1967-72
1
the
100.15
I High
(High
3 %s,
July 27
Low
100.21
1
1
$1,000 units
on
100.15
—
100.21
Low
(Close
sales in
bonds
Close
Total
$1,000 units
3%s, 1943-45
coupon
High
2Vis,
year.
Exchange
July 26
Low
Total sales In $1,000 units.
>
—
for the
units
Close
sales In
July 24
Close
Low
range
[Close
1
In
—
Total sales In $1,000 units.-.--..High
the
High
( Low
High
2
f
computing
r
.
—
Close
3%s, 1946-56.
Record
1962-67
Total
—
(High
Total
sales In
point (See note below).
a
—
$1,000 units
4S, 1944-54
32d of
one or more
Treasury
Close
sales in
such
the New York Stock
on
High
Low
Treasury
Total
account Is taken of
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation
a
during the current week.
Stock Exchange
YEARLY
-
disregarded In the day's range, unless they are the only transactions of the day. No
■
(High
j Low
3%s, 19 46-49
->^
2'/as, 1952-55
■
(High
Low
/,
j
[close
(Close
Total
sales In
Total
$1,000 units
sales in
$1,000 units
High
(High
2'As, 1954-56
Low
3y8s, 1949-52
Low
•
Close
sales In
Total
Close
Total
$1,000 units
sales in $1,000 units
High
3s, 1946-48
(High
2S,
Low
——
1947
Low
(Close
sales In
Total
[Close
■■
Total
$1,000 units
sales in $1,000
units
(High
(High
2s, March 1948-50
Low
3s, 1951-55
j
Close
sales In
Total
High
In $1,000
units
(High
2s, Dec. 1948-50
112.12
112.12
sales In $1,000 units
Total
sales
112.12
Low
Close
2%s, 1955-60
Low
Close
Total
H'/j
sales in
$1,000 units
(High
2%S, 1945-47
.
High
—
107.13
sales In $1,000
units
107.13
Low
Close
Total
Low
(Close
Total
Total sales In $1,000 units..*
2%s, 1948-51
[High
2s, June, 1949-51
Low
(Close
.
107.13
sales in $1,000 units
(High
2s,
1949-1951
\ Low
[Close
Total
*1%,
..
Sept.,
sales in
$1,000 units
*
High
(High
Low
2%s, 1951-54.
2s,
Dec.,
1949-1951
Close
sales in
Total
| High
sales in
Total
Low
111.30
2s,
•m
-
(Hign
2s,
Sept;,
Total
1
High
112.7
Low
112.7
112.2
Close
112.7
(close
<£•'
'
1950-1952
sales
in
■{
Low
[Close
$1,000 units
112.2
$1,000 units
:
112.2
*2'/a
1945
*3
2s,
(High
■
1951-55
Close
%
$1,000 units
(High
2s
Low
Total
sales In $1,000 units
1948
Low
(Close
-
\
sales
in
$1,000 units
(High
(High
2%s,
1%S
Low
Total
sales in $1,000 units
Total
(High
Federal
sales
Farm
in
(Close
3'/as,
(High
2VaS, 1950-52
$1,000 units
3s, 1944-1949
1944-1964
Total
Home
High
2%s, 1952-54
3s
.
sales in
Owners
series
Total
A
$1,000 units
1944-1952
Total
sales
♦Odd
LOW AND HIGH
Monday
Saturday
July 24
*50
*55
62%
per
62%
112
*109
54 %
*50
SALE
Tuesday
July 27
July 26
$
per share
♦109
share
Wednesday
July 28
62
62'/a
112
S per share
61%
*109
54%
62
112
*110
50%
55
52
52
56
55
11%
12
11
*31'/a
32
31'/a
31%
*18%
19'/a
19%
19%
]«%
19%
*46'/a
47
45
46
43%
44%
♦75
76
*75
76%
7r>
75
3
"
5%
6
!
♦104
2%
3'/8
6%
30
26%
28%
29%
26'/a
28
29%
45
41%
43%
28
29
*73
75
29%
75
*10'/a
10%
158
158
10%
155%
5%
*104
3
29'/a
44%
*31
108
29
*73
10%
156'/2
S per share
62%
*110
62%
112
Friday
Sales
July 30
$ per share
*61%
NEW YORK
2%
54%
*50
54%
51
52%
*51
53
11%
10%
11
11
11%
10%
30%
31
30%
30%
31
900
31
18%
5%
18%
43
43%
*76
76%
5%
107
♦103
2%
5%
108
18%
19
43%
44%
*75
5%
*103
76%
5%
107
18%
18%
44%
5%
10,400
*103
108
2%
2%
2%
2%
2%
28
26%
26%
27
23%
26%
25%
25%
26
23%
25%
40%
9,709
42%
39%
40%
41
41%
39'/a
40%
26%
28
4,800
26%
27
26%
28
26%
28%
74
13,400
73
73
10%
155
10%
10
10%
♦70
10
75
10
*70
8
21'/a Mar 30
8
48% Jun
3% Jan
7
10
1,300
Allen
152%
1,600
13%
Allied
*13%
13%
13%
13%
13%
200
Allied
22%
22%
23
13%
23'/a
14
13%
22%
13%
23%
12%
13%
12%
12%
12%
13%
12%
13%
?,300
16,500
94
90
93'/A
40%
37
39%
37
37%
21%
22%
21%
21%
21
21%
2%
2%
2%
2%
26%
26%
*82%
83%
83
30%
30%
30
71%
Fur
*26%
71%
footnotes
71
see
page
94
*93
2
2
27%
*25%
26%
84'/a
83'/a
85%
1%
*90
38
*20%
92'/a
.
100
100
war
Industries
Corp
preferred
400
Alpha
2,100
30
28
29
28%
29%
71
67%
70%
66 %
68
68
68
*25
82%
*28%
67%
2
26%
84
6
48%
•
V/
100
|
4,000
29%
2,200
68
4,300
Nov
26%
Dec
Dec
10
Mar
16%
29 %
Apr
41%
61
Jan
69
Oct
4
Nov
1% Mar
Petro
Cem
Corp
Agric Chem
American
11
2
Yff
Jun
15
A
Jan
%
Apr
6%
Nov
3%
Apr
6%
Nov
5'% Jan
2
29% July 24
Jan
11
11
45
July 24
31% July 2
16
15
75
57%
Nov
4
3%
Apr
July 15
118%
64
7
->
Jan
May 26
11% Jun
9%
19
140% Jan
9
10% Jan
8
14'A May 17
10
16% Jan
4
25% May 29
11%
6 % Jan
2
14% July 13
73% Jan
7
94
par
26 % Jan
7
23
No
Oel)
Airlines
tnc
165
No
15
64
July
43% July 10
22
Apr
30%
Jan
July 17
14%
Apr
19%
Nov
2% July 22
\l
Aug
1%
Jan
Jun
27
14
86% Jun
Jan
2
27
Jan
Jan
20
Jan
149
Nov
Jan
52
Dec
6%
13 % Jan
23
Jan
Feb
7%
Apr
7
10
•
4
13
par
-
Nov
% Jan
X67
•
73%
%
17% Jan
50
Apr
Jan
22%
•
16%
par
No par
17
Jun
May
Oct
Apr
1
No
Feb
3%
18 % Jan
13
Dec
July 24
3% July 14
30
94%
69% July
par
No
6% conv preferred
Am
4
Mfg
Portland
Amerada
Jan
5% Jan
105
Jan
8%
Jun
Jan
Amalgam Leather Co Inc..
26%
7% Apr
Jan
Apr
100
Stores
1,000
84
1
July 13
Dec
43
5%
No par
Dye
16,200
83%
76
Dec
113
■
18%
No par
&
20%
85
Apr
7
32% July 13
5
Chemical
38%
5%
25
100
Kid Co
Allls-Ciialmers
Jan
85
1
Allied Mills Co Inc
Allied
No par
Inc
92%
29
•
pf A without
20%
83 %
14% Jan
No par
war
36%
30%
463.
10
100
38%
*1%
♦25
155%
h
Min
21%
2
26%
*90
Gold
$2.50 prior conv preferred.No par
23%
39
Juneau
5%%
155%
*93
10
Inc____
Vicksburg Ry Co
Alghny Lud Stl Corp
Alleg & West Ry 6% gtd
13%
23
13
28
22%
94%
6
Jan
13%
40'/a
Sep
38% Jan
24
40'/4
39
67
23'/a
*92%
July 13
100
10
*154
57
par
*13%
154%
5
No
13%
*13%
41% Jan
~
May
7% Jan
24%
153%
31
25% Feb
24'/a
153
28
51%
Mar
Jun
May 27
par
75
9%
104
50
par
Albany & Susq RR Co
Allegheny Corp
5 '/a % pf A with $30
35,700
23%
'■* *73
113
No
Alaska
38,500
24%
27%
2%
23
23
25
Express
Reduction
May
Feb
110
No
Ala &
—
25%
•
63% Mar 12i
S per share
share
37
•
25
;
per
Air
20
5%
4
$ per share
Corp
Address-Mutigr Corp
1,709
.
51% Jan
Highest
1
35% Jan
Steel Co
Adams-Mills
7,500
76%
No par
...100
$ per share
1042
Lowest
Highest
No par
preferred..........
Adams
700
43%
*75
.4%
Acme
10,800
^
Par
Abraham & Straus
30
11
32
Lowest
Abbott Laboratories-..—.-
600
Year
Range Since January 1
'
112
*50
Range for Previous
STOCK
EXCHANGE
Shares
62%
*110
for
the Week
*13'/a
♦22%
3
STOCKS
Thursday
July 29
.
50
56
108
112
50%
12
5%
61'/a
50%
60
*104
100.10
$1,000 units
RECORD
PRICES
f per share
11%
'
100.10
lot sales.
in
$1,000 units
NEW YORK STOCK
62%
100.10
Low
1945-1947
•{ Low
(Close
sales in
High
Low
Loan
(High
2Vis, 1956-58
—
(High
l'/2s
sales In $1,000 units
Total
2
(close
(Close
$
;•
„
Low
•
101.8
(Close
Low
Close
sales In $1,000 units
Total
101.8
Mortgage
Low
sales In $1,000 units
Total
101.8
j Low
(close
1948
(Close
2%s, 1949-53
Low
•
Total sales in
(Close
Total
mi
I High
(High
2%s,
Low
•
•'
111.24
sales In $1,000 units
sales In
1950-1952
V
111.24
"tV"
(Close
Total
(close
units
Total 'sales in $100 unltsiv-*---;.--'
'
111.24
j Low
2%8, 1960-65
March,
1
$1,000 units
2%S. 1958-63
Total
-j Low
$1,000
High
111.30
(Close.
In
111.30
\
sales
Vv.
•
,
Total
$1,000 units
2%s, 1956-59
low
[Close
Total
$1,000 units.
May
12
81
July 22
11
Dec
18%
7
43
Mar
70%
Jan
Jan
Oct
30% July 16
18%
Jun
24
Nov
76% July
25%
Apr
58%
DM
8
$
$
per share
*1774
*58 72
60
$
share
per
59
'
-
87a
8
8%
7%
7%
6%
77a
7%
74
7%
7%
3,900
39
39 %
387»
387/a
37%
3874
•38%
383%
•3774
38%
2,900
Am
38%
132%
13274
13274
*132%
133%
7%
132
133%
1807a
18074
1807a
180%
180%
39 74
39%
36 %
36
77
75
22%
22%
22%
22%
*116%
118
*11672
*22
24%
117a
*10%
10%
10%
*15 7a
15%
15%
15%
15
15 7a
104%
*30 7a
*3 74
29
10
*9%
26
27
7
6%
77a
7
85
86
84
85%
84
247a
24%
23
24%
21
23%
747*
75
73%
74%
73%
747a
70
34
34
33 %
32%
3%
47a
4
4
4%
4%
68%
68
6%
6%
43%
*43%
14%
13%
14%
137a
1574
9%
7a
"
15
1574'
*9
2374
137a
'3,100
67a
'
.
*
4
67a
*6%
10
227a
21%
12174
33%
34
37a
3%
27a
3
Z
'
■
12174
121%
;
530
374
37a
3
3%
42%
44%
43
45%
'43
45%
41%
44
43%
457a
41
43%
39%
42%
427a
38%
41%
40%
41%
387a
417a
10%
107a
//; 974
10 7e
10%
10%
172
176
*172
176
*172
9%
107a
*170 7a
170
170
"
172
97a
10
14 7e
15%
15%
14%
15%
14 7a
15
13%
14%
69%
697a
68%
69%
677a
68%
66
677a
667a
14
14
1374
14%
1474
67
66%
14%.
147a
16%
16
167a
16
16%
157a
16%
30%
31%
30%
30%
30
30%
307a
307a
30
307a
V
41%
42%
417a
42
407a
4174
41
41%
41
155 7a
156
165%
155 74
R '
15
11
7%
/"
•
7%
23%
257a
85
%
77a
6%
72%
5%
57a
*49
52
*49
Va
Stove
29 7a
32%
15574
15574
59 7a
1,100
•45,100
447a
*121
"
77a
77a
*83
7
77»
73 %
74
5%
5%
50
52
145
145%:
4574
44%
124
*83
77a
72
5%
27%
*2874
29
277a
*22%
23 7a
23
*227J
*114
115
22
'
7
?
2274
22%
7.114% 114%
*11474
115
12
12 %
12%
*117a
2%
2%
v2%
*2%
447a
44
44
111%
111%
111 7,
110 3?
110g§
*110??
V
67
72
75
80
37%.
37;
37%
13%
*38
104 V4
9%.
9%
110
,
' 9%
110
111
*110??
6
6
80
80
3674
9
87/a
9 74
*105
97a
,
95 7a
95-
9574
90
92
88
90
39 7a
387a
38 7a
94
*38
40
*33
/ 9%
*105
957a
96
93
97a
9
110
*77
9%
97a
9%
9y4
'105
13%
1274
95 %
95 72
*95 y4
88
90
1047a
1047a
1047a
104 Va
1047a
60%
64%
60%
627a
x61%
*104 74
63%
88
88%
887a
88%
877a
887a
877a
34%
34%
33%
31
32%
3074
3274
31%
32
*32%
33%
31
32
31
59
57
57
7;/ 56
26%
112
26
*111%
12%
11%
*55%
56%
*55%
67 %
66 %
*121%
128
*121%
*11%
12
*11%
80%
5%
Arnold
Artloom
137a
'
87
31%
8%
81
5%
26%
111%
•55
26%
lll7/a
12
117a
55%
55%
25%
111
12 V4
56%
11
*55%
66%
667a
67 %
128
♦1217a 128
11%
11%
77a
65
121
11 74
8%
8 7a
8%
79
30
3174
56
77 25%
112
81
4%
75
1074
7
79
4%
5
17%
16%
17
8%
8%
7%
75
5
12%
11%
11%
8%
16
8%
12%
4%
•
3074
*30 7a
32
31
58
*55
59
*56
26%
111
26
1117a
267a
111%
11%
11%
11%
557/a
557a
55%
66%
65
667a
*121
121
121%
.11%
*10%
11%
774
87a
8%
78
7
474
80
4%
10%
167a
7%
157a
16%
16%
81
4%
11,200
31%
25%
267a
240
11%
657a
66 72
Atlas
500
1,130
*121
:
7 1217a
11%
11%
79
80
4%
4%
7'7
V
^960
$5
77a
7%
7%
7%
22,800
11%
117a
107a
117a
8,400
9%
54
54 %
51%
53
517a
517a
*52 7a
25%
23%
25%
237a
24%
247a
12%
45
12%
*43%
12%
.
97a.
10
9%
9%
9%
9%
54
51%
527a
24%
23
24%
,
11%
12
117a
11%
11%
11%
*11
12
*43%
45
45
437a
43 7a
*43%
45
*43 7a
45
18%
1674
177a
17%
18
1774
17%
16%|
15%
16%
15%
16 7a
19%
18 %
18%
16%
17%
16%
17
16
1674
15%
*28%
28%
*28
28%
27%
27%
2674
27
27
27
277,
2774
33%
33%
33
33%
33%
33%
3274
33
33
33
33
33
*103 74
104
17%
*103%
*106%
104.
107
103%
103 %
*106%
106%
13%
*32%
*110
*11%
34
112
ll7/a
*32%
*110
*11%
14
104
*103%
,■
1067a 106 Va
13%
13%
34
*31
112
*110
11%
33%
112
11%
11%
1067a
127a
1067a
13%
*103 74
107
12%
104
107
13 7a
*10374
107
12%
13
33%
*31
337a
*31
1107a
*108
11072
108
109
11%
xll
11
117a
11%
260
'
9,000
337a
200
-
1,000
16
16
15%
16
14%
15%
13%
147a
147a
14%
13%
14%
--6,900
37
37%
35%
36%
34%
367a
347a
35%
357a
36
34%
36
10,300
17
16%
17
16%
16%
16%
16%
16%
16%
16
16%
56
56
*55%
56%
567.
*55
5674
200
37%
...
37%
36%
36%
35%
35
357a
1,400
17
16
16%
63%
64%
*120%
121%
15%
62%
120
16
64%
120%
♦55
36%
15
60%
119
i
56%
367a
157a
623/4
119
*55
35%
14%
5974
11778
5674
3674
157a
61
1177a
*55
35%
15
61
118
1574
61%
118
157a
607/8
118
2,500
157a
12,200
62%
28,800
118
800
fi
For
footnotes see page 463.
.
Nov
1137a
26% Jan
7a Mar
157a
Feb
119
21% May
11
Jan
27
27
8
Apr
2674
Jan
127a
Apr
22
Jan
3%
Apr
8
1427a
Jun
165
14
24
97a May
12
52%
674 Nov
Jan
Jan
59%
Oct
4% Mar
8
Apr
97a
Nov
147a
Dec
6%
Feb
24
357a
May
29
3
2
9%
■
Nov
Feb
12
Oct
12
Jan
Oct
Mar
21%
Jan
77a
'
144
Jun
15
Nov
3674
Jun
16%
Jan
148 74
Apr
1367a
Jan
43
357a May
1327a May
2174 Jan
Mar
78% Mar
97 7a
Jan
Jan
Jan
Apr
50%
Jan
Apr
143%
Jan
146% July 23
12% July 1
4772 Jun 25
120
July
6
2
5
2
4
6
8% July 16
7972 July 21
7 74 Apr
7
54% Mar 30
31% Apr 8
4
24
Jan
Jan
9
4
167a
11172
107a
1%
May
8872 July
29%
237a
116
1472
3 7a
45 74
1127,
Apr
7
15
18
7
27
6
July
Mar
Apr
Feb
July
Mar 12
Jan
5
Jan 20
Jan 13
Jan
5
34
Jan 11
™«% Jan
2
110% July 7
3
Jan
2
46
Jan
2
49
Jan 20
30
Jan
2
6% Jan 9
4% Jan
7
110?? July 19
92
Feb 27
674 Jan 4
7272 Jan 11
par
July 23
157> Jun 28
9772 July 21
67a July 27
7274
80
40%
10%
1074
105
July27
July 26
Jun 5
Jun 26
Jun 5
17 7*
120
3%
7 22
23
Jan
33%
1%
Dec
116%
Jan
4
10874 May
Nov
Apr
7074
Dec
51%
Dec
3%
Jun
Jan
Jan
Apr
38%
Feb
5%
76%
Aug
3%
Aug
7% Nov
Apr
Apr
39
,
: v
57/e Jan
50
Jan
28%
Jan
Dec
30
Jan
12% Mar
17
Jan
22% May
24
107
112% Mar
May
7% May
1
Mar
27%
102
Apr
Sep
1274
; :
v
Oct
1% July
36
D«c
111% Mar
"2 7a
Sep
42
Sep
677a
40%
Oct
66
Jan
21
Jan
33%
Dec
5% Mar
874
Nov
4%
Oct
2%
79
Apr
May
474
Apr
617a Mar
~4Vb JarT
Feb
82
July
6% Jan
777a
Jan
53
Jun
83
3872 July 16
105 7i Jun 12
20
Jan
28%
Dec
81%
Jan
1007a
Dec
277a
Jan
53
Oct
607a
Jun
72%
19%
Jun
347a
Oct
167a
Jun
34
Jan
4572
Jan
Apr
23 72
Jan
99% July
10974
Feb
100
44%
66
267a
19
Del
(The)
Jan
Jan
Jan
Jan
44
Jan
18% Jan
106
Mar
6% Jan
5072 Jan
52
Jan
113
Jan
IV2 Jan
2% Jan
2872 Jan
374<Jan
50
No par
3
4
7
2
Jan 13
8
4
7
16
4
14
9
12
7
21
5
2
67% July 24
9078 July 22
May 2^
34% July 22
6078 July 21
28% May 27
113
Jun 15
13% May 29
38
5672 July 9
68% July 14
123
Jun 24
137a Jun 4
9
July 23
84
July 23
6% Apr 8
W:MM
Corp
4
$ 10% Jan
13
100
100
50
-100
10
No par
^
—50
Co—
"
3% Jan
6
Jan
574 Jan
3474 Jan
12 • Feb
57i Jan.
30
Jan
127a Jan
1372 Jan
237a Jan
24% Jan
t$5 preferred w w
.—No par
10172 Jun
47» I preferred——_—_w——-— // 1067a July
Beech Aircraft
——
12% July
tBeech Creek RR
»-80
25% Jan
Beech-Nut Packing Co
20
93
Jan
Belding-Hemingway
-——No par
974Jan
Bell Aircraft Corp—
1
12
Jan
Bendix Aviation—-,5
Beneficial Indus Loan
-No par
13% Mar
Pr pfd $2.50 div series '38-No par
54% Feb
Best & Co
No par
22% Jan
Best
Foods
8% Jan
Bethlehem Steel (Del)
No par
55% Jan
7% preferred
-100
11074 Jan
Beatrice
10
10774
*31
117a
soo
1,600
Dec
7%
23% Mar
Apr
Feb
34%
5
Bath Iron Works Corp
1
Bayuk Cigars Inc-—.U-U—No par -V,
Oil
12%
4;;; May
65% July 14
100
preferred
Barnsdall
7,400
.«
104
*108
57a%
50
18,300
Jan
Nov
Apr
16 y
2
No par
Barker Brothers
1,500
•
'
Barber Asphalt
Nov
1074
91
9472 July 22
-
Ohio
:
preferred
—
Bangor & Aroostook——2.
Conv 5%
preferred
210
4074
Jun
97a
2
1
4%
13,000 :
J&n
49%
b
■■
Jun
Nov
7
Jun
67*
July 30
Apr
5%
u
134%
100
25
100
5
Baltimore &
'
2,600
>
z
Oct
65
1
4
7
Dec
37
"
Apr
—100
Baldwin Loco Works v t e
24,300
7%
24%
19
167a
11%
26%
12%
15%
7%
55
10%
16%
4%
151
Mar 2
29% May 29
15% May 4
1772 July 15
33
Apr
Apr
—100
—100
prior A
of
Jan
Mar
j3*/a
No par
——No par
Nichols
Aviation Corp
17«
2%
5
Lines
Atlas Tack Corp
62,500
Jan
7
Corp
Austin
Oct
37a
<
10174
100
preferred
fAtlas Powder
t5% conv preferred
400
8,600
Z
8%
8
..
Jan
-
6% "
10
.
,
Jan
t4% conv pref series A
15,100
55%
11
W I SS
&
27a May
29
preferred
Atlantic Refining
10,100
*5574
G
35
59
5%
200
111%
111
Atl
1,400
59
10%
*54%
*43%
-
Line RR
Coast
Dec
Jun
Dec
100
-
Co
preferred
Atlantic
42%
No par
nreferre'i
preferred
5%
1,900
•
7%
*26
10 %
2d
5%
53,400
117a
11
10
*
1st preferred
Atch Topeka & Santa Fe
:
17%
"
Dry Goods
+7°/r
70
61%
Corp
Corp
Assoc Investment
100
1047a
Constable
t6%
330
?
—.
Co
preferred
"Associated
8,600
V 150
J
Cork
Dec
Jan
6
42% Jan 11
24% Jan
2
5
No par
100
No par
5
No par
100
1
.—100
"
12%
8%
1,200
:
7%
3074
preferred
3,000
9%
86
87%
32
t7%
Armstrong
8%
257a
158 7» July 22
63% July 16
3% Jan
5574 Jan
gtd—100
of Illinois
Jan
107*
129% Jan 2
6% Jan 14
32
Jan
6
115% Jan 8
(called)
prior preferred
1,200
■
9%
96
Co
&
4974
2
par
No
(Del) pf 1%
Co
preferred
$6 conv
250
36
58%
627a
67%
67%
9,900
Inc.—
Midl'd
Daniels
Armoui
107,900
39 7a
*38
1047a
89%
26%
67a
;
104%
67%
1%
900
Mining
Copper
W Paper Co
P
Armour &
1,200
:
90
90
397a
Archer
110
13%
*38
A
500
83
34%
110
500
1
2%
Andes
707a
5%
80
367j
300
Jan
17a
4372 Jan
—12.50
No par
20
:
5
—
Dec
-18%
12774 Jan
No par
div preferred
$5
Dec
'
'
112% Jun
5
32% July 24
1
W & Cable
Nov
2
Jan
5
14
--25
50
Anchor Hock Glass Corp.
111%
68
...
35
1274
96
6 7a
70
80'
1174
94
697a
1,800
447a
111 rV
11032
69 7a
,277a
Anaconda
20
1772 Jan 14
7
Mining
1,270
A HI A
111,0,
34%
110
*274
Anaconda Copper
37,900
7 7a
25%
Jun
91
Jan
21% Jan
100
277a
/
2
6
9
2
5
prior conv preferred
$5
300
45
2
3% Jan
No
Nov
374 May
16 V*
18
May 4
32% Mar 23
47% Anr
1
159
53% Jan
—1
•
May 10
I0V4 Apr
par
Amer Zinc Lead & Smelt
.4,400
V
*43
1103?
13%
96%
7
82
13
13%
104%
68
9 7a
77,9
13%
104%
437a
111
667/a
112
57/a
50
,..
12
1117a
80
*105
14%
40
2%
43%
89
*58
Preferred
.
,
May7 7;;
July 30 :
b
No par
No
Woolen
American
4.200
123
357a
47»
45%
4272
11%
Jan
Feb
19% Jan
11% Mar
12
Jan
100
1st preferred
$6
6,500
,
22 74
*11
36 7a
*357a
97a
9%
9%
9
*105
*274
5%
67a
80
w
*11%
2%
*1101?
7
72 74
68
71%
69%
70%:
11%
437a
111 A
111V4
111
5%
6
5%
6
66%
*95
200
L
Nov
s.
3
357a Mar
2
2
36% Jan
—14
Corp
Dec
16 74
Jan
25
3
1AS
100
-10
Wks & lElec
Water
Am
26,400
774
Viscose
preferred
10074
%
May
Feb
1
^—25
1
Dec
May
77a Mar
87% Jun
26 ■ July 14
787a Jun 17
3b'/a Apr1
Jan
Jan
14472 Feb
100
-
77a
22% Jan
Dec
92
4272 Jan
B
preferred
5%
V
class
May
May
July
July
Jun
172
July
16% July
6972 July
7
No
—
Type Foundries Inc;
American
9,700
*11474 U5
437a
2%
44 7a
44%.
,r
22
22%
27a
11%
12
13%
111%
27
"
*274
*1117* 112
26%
.
'
*12%
7*93
%■
73 7a
50 •?
277a
t6%
Amer
8,400
7%
5%
50
277a
v
2
2
4
2 '
5
5
—
Toh«rrn
Apr
27 7a Apr
4
Jan
Jan
iouaccu
Common
1,020
•
.
t
87
6%
74
2774
45%
6%
77a
867a
27%
10 74
•>«*>»r«
''Oct
1572 Jun
107a Jun
37'/a Jan
Refining
-—100
—-—--—100
Telep & Teleg Co—
mueric&u
124
*121
277a
*8%
145%
Z 9%
1074
26%
*9V4
Amer
60%
28
*105
Am
8,300
597a
10/
10
m?
4,100
156
59
27%
*37%
200
I
3174
2974
Co
American Sugar
Preferred
3,300
6174
26%
5%
7
111%
59
27%
v v
29
28
111%
28 %
2?%
ll5
107a
54
872
12%
27
25
.100
'
22%
154
No par
——No par
Stoies
American
1117a
145
1457a
85
85
757a
57a
5%
50
67a
7%
7
American
60
123
*121
900
400
59
-V
447a
44
46%
123
%
:' i
28%
*44
par
—No par
Amer Steel Foundries
9,100
14%
28
*110??
par
-
17%
27%
115
24%
preferred
6%
*14%
28 %
*113%
Co
18
20 '• 109 7» Jun 30
Jan
18% Jan
1672 Jan
' o% Jan
par
American Snuff
•
*16 7a
31
61
9%
73
79
*113%
817a Jan
2074 Jan
100
147a
50
28
V
par
Pr^feri"pd
17%
154%
59
14474
.76%
5%
+
40
52
*50 7a
Seating
Smelting & Refg
Amer
1,700
29
155
60
107a
85%
~ 7%
74%
67a
678
40
155
*111%
1117a
59
V4
145%
44%
*121
87%
7%
79%
79%
1457a
47
x
40
*150
14%
t>i
1547a
62
7.10
10%
7%
UO
607a
62%
146%
*84
87a
*7%
bO
123
7%,
877a
*84
*110%
30%
30
154% 157 7/a
61-
4b %
40
*17
28
111% 111%
31 %
158
*120%
123
Razor
Jan
3% May
14
46
Feb 23
1772 May 6
2
2
'
111%
10%
47 7a
467a
*120 7a
28 V,
146
146
107/a
17
27
61%
63
63
145%
American
710
?.
150
247a
14%
17
29%
61
617a
16 f
158
1;
Safety
15
59 V\ July 14
9 % May 6
77a Feb
2
5
3972 Jan
25
100
-18.50
No par
No par
.No par
preferred
conv
Dec
May
May
4% Jan
574 Jan
77
100
tAnier Ship Building Co—
580
9,700
40
2474
147a
17%
*17
157%
158
*6074
24
14 Va
17%
30%
32%
317a
157%
25%
14%
14%
*111%
111%
*111
24 Va
25%
17%
28%
3074
Z
41%
150
40%
152
*150
152
14%
15
1774
*29%
*150
4074
41%
41
41%
~ 150
25%
2674
267*
Z
>,
ii
Mar
103
5
2
11
"2
2
•
"
41%
150
155
1774
156
155%
42
"417a
*150
16%
16%
16%
156
156
V
472%
American
32
16%
43
:
;
San'y
American Rolling Mill-
»2,190
66%
14
preferredRad & Stand
110
Mar
10
20
6
25
2
4
10
5
18
10
16
2
Jan
37 V4 Jan
v/Z
par
Preferred
20
24,900
43
*167*
*3174
14%
14%
14%
*
V
14%
13%
147/a
73,000
175
*170 7a
175
preferred
$5
Am
(2,200
fl,700
*1474
■t
$6
44,700
107a
"39%
'10
Jan
May
69
May
May
May
Feb
Jun
Jun
Jun
Oct
—1100 1; 116% Jan 29
x26
Jan '4 '
No
-No
No
No
20%
16
105
Dec
—No par
& Light
Power
Amer
22,200
4174
—-
American News. Co—
19,200
40 7a
Zpreferred-U^Z./—
6%
20
4
357a
Metais Co Ltd——No
Amer
12,800
22
123
34%
557a May
7
56
7
*1217t
34
34
Jan
Apr
11
22
22
22
217a
*120 7a
Jan
73%
x36%
7% Feb
Metals
&
33
5
May 27
»' 127* Jan
<2,300
May
70
No par
9%
Oct
20
7
No par
14%
9%
176
5372 Jan
Mach & Fdy Co
14%
9%
Dec
Dec
Mar
3674
Mach
14%
9%
3%
74%
Apr
Apr
159
July 10
80
Feb '
Sep
7 7% Jan
—100
t
17a
Jan
130%
327a
Amer
147a
974
1
Preferred'
Apr
56%
Oct
33
Apr
1
472 Apr
Amer
147a
101
23
120
40% Jun 22
50
No
6%
5
par
.
Locomotive-!,
American
Nov
3% Mar
Jah
103
.
9%
33%
4
.
18,400
147n
12174
23
•
14
.
49
9
44
9%
21%
—1
2
2% Jan
par
Co of 111-
8
21
Feb
35
100
preferred—
conv
8
2
12%
147*
15 7a
'33%
-No
preferred—
27
12
6
6
30
Oct
Apr
112%
24%
11%
18%
10472
31
474
10
2974
Jan
Jan
Jan
9 74
38%
July
24% Apr
1
26
30
Jan
Jan
share
9
50
May 10
9% Apr
8
43% July 14
133 7a July 19
974 May 4
91% July 15
185% July29
11672 July 23
4
6% Jan
77 24%
1%
4678
7
39
*
5
22
*43%
44
9
103
/ 5%
.Jan
96
Feb
; .19% Feb
6% Jan
1472 July
9772 Jan
/
15% Jan
1% Jan
Highest$ per
share
Jan
4572 Jun
15
1874 Jan
—1
Products
Invest
American
300
Z 64 74 Feb
50
Amer - Internet? Corp—„ t—No. par
3,800
6
1
Leather—
Ice
6%non-cun.
9
2474 Jan
10
preferred
conv
American
700
874
874
8 Va
103 7a
103
105
*120%
3%
47a
57
*55
15
23
3%
3%
3%
*43 7a
14
33%
33%'
American Home
6%
'
44
1374
147a
121%
121%
33
33
i 2,000
106%
Z*
" 9%
22%
12174
237a
*120
6874
3%
474
6%
674
American
•5,000
43,400
15%
9%
v
*43 7a
44
Hide dc
A,200
!
100
105
106
105
106%
*105
674
6%
*674
43%
$6 preferred-——
4
■
par
No par
^No par
"American Hawaiian SS Co
2,300
41
68
par
No
—
4
•'
57
87a
87»
87a
8%
8%
•
preferred
$7 2d preferred A-
*40
4
68 "a
*55
'2,200
32%
1
No
Power
Jan
Jan
No par
Lines Inc
Export
For'n
&
$7
J 2,800
43,900
697a
32%
41
/74.7;.:
5574
5574
55
Amer
22%
*67
33
7
68
4
37/a
474
4
55
7
14%
4
*40
40%
44
*6%
"•
*43
32%
37/B
67%
9
8%
9
:
9
3274
3%
69
55%
55
717a
41
/.
4%
■'V 4%
567a
717a
American
32,500
81
20%
23 7a
407a
68
68
687a
68%
567a
v
22%
(3,900
6%
6
78
83
v-
72
7a
H:
6%
7a
82
*40%
41
*40
41
*40
6
10
—10
100
20
Tiling—
1
European Secs_
Amer
300
!
9 74
25%
25
of Al'tegh Co N J—25
Encaustic
American
4
2
4
109
Colortype Co_i.
American Crystal Sugar6%
1st preferred
;
Amer
Distilling Co—
80
Jan
Jan
.173
par
,-100
No par
American
H,800
,2,000
3
9%
974
25%
2274
32%
33 7a
4%
33 %
■
*
29%
2%
*974
82
20%
4
28%
3
25 74
6%
817a
85
29 Va
9%
574
6%
1017a
No
Cable Inc—
Z
$ per
5%
18
5
5
Jan
3% Jan 20
7172 Jan
2
par
100
—-
&
Coal Co
Am
500
f
No
Fdy
tAmerican Chicle
(3,500
1017a
&
15%-conv preferred—
20
l
15
101%
25%
25
\
v/
—25
100
—
———
Car
Chain
Am
690
,
9 7a
9%
14%
15
3
3
22
22
97a
297a
28
9%
9%
6%
101%
3
26 74
'
25 /•:
14%
1107a
110
110
*100 7a
2774
3 74
9%
25%
Z
10
27
a
97a
15 Va
s
1017a
28%
3
3%
*9%
27
102
28
30%
3%
3%
102
103
103
30%
*103
15
4,100
71%
Can-—
s?■: Preferred
2,200
2274
1177a
*22
107a
107a
■
72
2174
*115 7a
7174
47
47a
27%
127%
No par
100
preferred
conv
American
17,100
3674
Corp
$ per share
85/a Jan
50
1
Cable & Radio Corp——1
tPreferred
680
185
22
109
25
*22
10 Va
*10
574%
American
2,000
10
Note
Highest
S per share
Par
Brake Shoe & Fdy
Amer
36,400
118
*115 7a
109
1087a
24%
*22
■:
24%
7a
*22
34%
22
22
118
109% 110
110%
110%
1107a
1107a
*1167a
118
3674
71
73
70%
21%
*115 7a
22%
118
185 7
35%
;
■
7%
87%
1857a
183
367a
347a
87
210
13274
6%
85%
7%
77a
857a
183
18174
73%
73%
77a
86%
6%
85
1817a
37%
217a
77
38%
75%
132
132
'
.
7%
86%
86
88%
86
132 74
6%
7%
7%
77a
89
*87 7a
' '■'[
•.
Bosch
American
8%
38 74
*132
;
1942
Year
Lowest
Lowest
preferred
%
6
310
'
I
1
American Bank
3,600
15%
58%
60
59
60
157a
16%
//;///,:
EXCHANGE
Shares
t per share
share
16
157a
*58 7a
60
$ per
share
15
16 74'
59%
60
*58
per
.715%
17%
16%
17%
$
per sliare
/.A:
the Week
Range Since January 1
STOCK
NEW YORK
for
Sales
Friday
July 30
July 2J
July 28 <7-
/i/Z
July 27
■*'
Thursday
Tuesday
July 26
July 24
Range for Previous
STOCKS
HIGH SALE PRICES
Wednesday
AND
LOW
Monday
Saturday
Monday, August 2", 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
Creamery
-i
—
25
2
2
2
2
6
9
13
4
2
7
7
16
25
27
30
25
25
4
2
17
23
19% May 27
Apr 7
14% Apr 6
1272 Apr 29
57
May 26
28 74 July 14
12 /\ July 244 July 14
19
July 15
20% Mar 22
x29
May 27
10
,^3/2 July 19
114
Mar 16
107% July 30
14
July 26
110
Ju y 7
^
11/a July 1
20/2 Mar 16
\nv
17 l\ Jun
5672 Jun
I
5
5
7
5
7
38
July 3
17
Jun 28
69% Apr 6
4
1217a July 20
33
Mar
14%
Jan
Oct
674
Sep
7
46 %
Apr
51
Dec
43
May
70
Jan
111
May
Apr
/ 116
7
•
1 Va
Apr
157a
Apr
2%
Jun
9%
97b
Jan
Jan
Jan
374 Dec
31
Dec
47b Jan
Jun
14%
2%
Jun
47e
Jan
47a
Jun
77b
Jan
4
Apr
67b
Jan
22
Jan
6 Va Mar
47a
36
Jan
Dec
13% Dec
Apr
67i
Nov
24% Aug
8%
Jan
33%
12%
Dec
127a
Jun
18 7b
Jan
Apr
x23 7»
Nov
26
Oct
105
Oct
15%
20
103
23 Va
Apr
Mar
Jun
64
Apr
6% May
9% May
30
Dec
Feb
110% Jan
97b
Dec
17%
Nov
2874 May
9% May
397/b
Jan
15 7i
Nov
46% Mar
54
17%
Apr
24 Va
Jan
87s
Dec
8%
Dec
66%
Jan
49% May
105
July
121
Sep
Jan
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4199
158
LOW
34%
$
34%
$ per
per share
19 j/b
19%
*18%
19
10
10%
9%
10
$ per
34%
18
8"%
9%
34%
18%
18%
r
9%
9%
9%
i-
19%
19%
19%
19%
*18%
19
*18%
19
*16%
17%
16%
16%
*15%
16%
*15'A
16%
99
99
*95
15%
16%
100
■
17%
51%
51%
17%
50%
100
99%
100,
17
17%
16%
50%
49
51%
*95%
97
95%
95%
*51
51%
51
51
50
50
28%
28%
28%
27%
47%
28%
28%
47%
28%
28%
28
28'A
28
34%
35%
34%
35%
96%
*96
98
50
'48%
48%
*48
:r 49
28%
*4%
4%
4%
4%
28%
33
4%
37%
*31%
*30%
12 >
4%
37%
27
,
28%
28%
28%
,
33%
34%
33%
i
4
4%
36
/, 42%
36
*4'A
4%
36
/
4%v
36,-
.36
,36
.
*31%
33
31
31
*31
32%
32
•10%
11%
10%
10%
11
11%
io%
iii
29%
29%
29%
27%
28
28
28%
27%
28%
41%
43
43%
42 3%
42 ¥a
*41 ¥2
43
*41%
44%
-
43%
43
43%
*43%
/
43%
iV
*¥2
<.
-
'
*1
1%
16¥« ;•
16%
*41»/a
19 %
9%
/
'
118%
7%
75/8
43
•
¥2
'
15%
42%.//'.
9%
9
„9%
15»/a
•
107
*
116%
104
63/4
108
41%
)
16
9%
8
118% Z
117 ¥2
I83/4
¥2
87/a ' •' :
•r8a/4
117%
117
-
5
19% July 14
9% Jan
26
19
Jan
9
100
14% Jan
2
21
5
41% Jan
13
56 % May
No
par
91% Jan
12
par
38% Jan
17
par
Brass
15%
*40-
.
76
•
8¥a
Jun
5
18%
6
14% Apr
17
$ per share
Apr
5
29
9
7
7
7%
104
104
;/• 104%
Jan
11% Jun
14%
Jan
21
8
Apr
July 24
% Mar 30
58
July
12
Jan
75
Dee
21%
Jan
96% July 29
72
May
95%
Feb
2
51
July 15
30%
Jan
29
July 15
Apr
13% May
40 ¥4
8
28% July 24
18% Mar
22%
Dec
39
19%
Jan
28%
Dec
1% Jun
3%
Oct
Nov
6
43
•'
9
18%
8%
8%
>
8¥a
8
18%: 18%
/'
A7
Bower
8,400
600
>'/./
;•
•
,
vi;
/
73/8
9
^._5
2814 Jan
16
20
Jan
9
Jan
4
20% Jan
4
No
par
par
..No
5
7%
12% Apr
9% Jan
2
104% Jan
12
par
100
3
Jan
7614 Jan
par
6% Jan
4
14% Jan
5
No
preferred
20%
7%
8¥a
8%
8%
8¥a
18%
18%
/z; 18 ¥4
•
8%
•<
;
18%
18
21 %
21%
19%
20%
193/a
20%
20%
21
33 ¥4
33%
33%
31%
33
32
32
*29%
30
108
14
29
*107%
14%
4
¥4
*56
y
37%
Z
10 ¥e
35%
10¥a
28%
13%
*58
58
<36
'
9¥4
28
28%
/
29%
28
108
28ye
108
14
-
108
13
•:
5%
35%
58
34 ¥a
10%
X13¥4
5
*54
34%
.
58
34%
10
1,100 z
5,800
!
200
f
133/a >
28%
36
10
•
*28
"
100
,.
,
9%
Nov
21 ¥4
Nov
26
Jan
35%
Nov
Apr
43
30
2
4
3%
/
17
17%
,
*80
81%
/•
37/»
3%
<
37/a
15%
16'
14%
80%
80
3%
>3%
15%
80
'/a
Jan
Apr
1%
Jan
7
Apr
28% July
9% Apr
10¥4
Nov
35
Jan
1
5
42% July 23
20% July 10
"10% May
6
Oct
Dec
87/b
Jan
Xl03% Mar
112%
Jan
2
118% July 27
9% May 10
Apr
3¥a
Dec
8
116% May 10
47% Jun
85%
Dec
5% Sep
11% Sep
7%
Oct
7
81
*3¥o
"/
14 >8
79
80
3 ¥4
15%
15s/a
3%
: y 14 ¥2
79
14
•
79 ¥2
79'%
6
2%
21%
21%
21%
21%
28%
283/a
27 ¥4
28%
*54%
54%
54%
20%
54%
•
1 ¥a
1%
1
7%
7%
7 ¥2
27
,
*54 ¥4
7%
7%
7 ¥2
153/4
163/g
16 ¥4
*8%
8%
8
:
46%;
96%
*28
,9%
*47
...
'
*4%
♦118
*140%
53
,
96%
29%
5
.
45
23%
*34
103/8
9%
48
v
¥4
8
•
47
46
.
¥4
*7%
:,
44%
22
23%
363/4
33 ¥4
33 ¥4
9%
47
23
100
8
9¥s
9%
45 ¥4
45%
7 ¥2
*44
>•/
*44
44 ¥4
95%
943/4
95 ¥4
95
95
95
29%
28%
28 ¥4
28
28
26 Va
47/B
4%
*4%
120
115
117 ¥2
142%
140 ¥2
140 ¥2
53
51
53
113
*140 ¥2
47%
4 ¥2
43/4
115
112
,-y
114
144
*140
Byron Jackson Co
No
16
California
No
¥2
144
51%
49
*140
39%
39%
39%
107%
107%
107%
127%
127%
127%
127%
127%
127%
116%
117
*116%
116%
116%
116%
14%
13%
14%
13%
13%
13%
20
19%
19%
18%
19
19
19%
19%
14%
*19%
20
3
-107%
14%
14
20
19%
20
19%
20%
3
3
107%
38.
19%
39%
3%
*107%
2%
108%
13%
12%
13
12%
21%
22%
21%
22%
6%
5%
5%
38 %
6%
110
6%^
*106
110,
37%
38%
6%
6%
60%
58%
*18%
*22%
107%
33
49%
18%
18%
29
125%
126
125
116%
116%
13%.
13%
19
19
*115
19%
•
19%
2%
19%
19%
2%
2%
2%
108%
108
108%
*107%
12
6%
37%
110
37%
&"
*106
6%
6%
55%
58%
'
18%
18%
22%
37%
31
6%
37%
*18%
21%
107%
29
7%
7%
7%
7%
7%
46%
12%
13%
12%
4%
5%
4%
31
4%
"
108%
8
a2
7%
18
18%
19%
17%
14%
14%
14%
14
19%
18 %
18%
17%
42 %
39%
41
42%
*39%
41%
*40
53
53'/a
52%
53
52
52'A
52%
52%
52
14%
*14%
14%
14%
14%
14%
14%
17%
16%
16%
16%
16%
16%
16 %
2%
3%
2%
2%
*29%
30%
*29%
*29%
83%
15 %
81%
15
105
*104
*48
50
*48
7
*37%
*120
*65%
*115
*37%
*106%
82%
77%
15%
105
14%
*104
50
47%
7
6%
7
6%
38
37%
38
35%
140
*130
140
80
♦73
80
118
♦115
*130
118
38%
110
38%
*106%
*70
115%
38%
110
*91%
92
*91%
92
*52%
55
*42 %
38%
*106%
*90%
81%
75%
15
14%
105
18
J- 18%
140
80
38%
*106%
38%
39
64
♦108
*27%
111
64
500
109
27%
111
X22%
38
108
27%
♦110%
38%
37%
148
64
108
22
*108
27%
114
26%
*110%
9,600
18%
8,600
>
18%
4,900
3,
Jan
2
3
par
Jan
7
3%
14,900
30%
*29%
30%
*29%
30%
79/
r
15
77%
79
*15
<?.
76%
15%
'104
104
Mar 19
44
140
130
X33
Jan
14
3
Jan
2
7% Jun
8
65% Apr
•
Apr
30
*70
■ •
80
*37
>
*70
1,600
10
80
36%
C.
/30
37
110
2
5
Nov
3%
18
par
2% Jan
July
Jan
104
35
Oct
Deo
Jan
18%
Oct
July 22
5% Apr
9%
Oct
July 23
27% Apr
36%
Jan
89
98
Feb
10% Jan
4
21% Jun
Jan
4
15% July 23
15% Jan
6
22
37
2
Apr
% Apr
2% Jun
:
8%
Jun
4% Jan
2 ¥4
z
v,
/
Dec
8 ¥4
/
1% Jun
NOV
2 ¥4
Jan
13 ¥4
Sep
7y8
Nov
Apr
5
12
Aug
*
17%
Jan
Jan
8
41
May
1
33
Apr
'
39 ¥4
Jan
No par
48 % Jan
6
54
May 27
47
July
No
par
11% Jan
12
10
13% Jan
4
par
1% Jan.
par
6
20
May
43% Jan
9
Jan
May
Feb
10
53
July 15
32
Oct
2% Jan
13
8% Jun
13
39% July
par
123
Jan
Mar 17
Feb
4
67
28% Jan 22
1
101% Jan .;
100
7
25
2% Mar
7
28
Jun
Jan
18
120
Dec
74% Jun
7
130
2
109% Jan
100
No par
.
Feb
2%
Dec
92
33
116% July 27
38% July 26
106% July Jl
Jan
Nov
13 ¥4
1
15% July 24
'
11%
4
85% July 15
52
Jun
July 22
100
Graph Bronze Co (The).
32% Apr
8% Jan
11 %
105
27
5
preerred
3% May
7
96% Jan
100
Co
10
Jun
10'A Jan; 2
4
-
100
...No
30
18
2
67% Jan
—5
No
15% Apr
24% Jan 30
25
%.r5% preferred—
-
100% Nov
50
No par
$4.50 pfd
j
Nov
19
'
;
Dec
3%
/
Apr
Oct
Jan
NOV .?■*'
32%
:
/
Jan
34
50
6/
3 ¥4
15% Sep
14% Jun
108 A July 30
7% May 12
El
Ilium
Jan
2%
93
May 17
9% May 11
Oil
Louis Ry.
23%
1% Apr
17% May 13
Clev
1,300
13
95 % Jan
July
.
7
Clev
>
8% Jan
33% Jan
JVo par-
& St.
Dec
110
Jun /
27
8
108
6
preferred
C.
57c
118
*106%
110
C.
24
8
12
No
div
City Investing Co
City Stores
Clark Equipment/
1,100
35
140
*115%
37%
*106%
370
6%
*131
120
37%
110
48
34%
Cotton
Dec
8%
Mar
23% Jan
6
5
18
5
Co
6% 7o
19% Apr
Jan
99% Jan
17% Jan
Jan
97%
Apr
% May
82
-1
41
2
.
2,800
*6
cum
120%
"
2% Apr
8
4
32% Jan
7"% Jan
Co
Copper Co
Chrysler Corp..
City Ice & Fuel
39,600
15
104
*44
130
*115%
v
79%
15
47%
($2.50)
Dec
Dec
1% Jan
113% May 10
2% Jan
Chile
104
/
:
Cliilds
16
7% May 13
98
Dec
29%
97%
77
Apr
'6% Aug
' 7
50
No
preferred
conv
1
!
July 16
23% Jun
12
25
Chicago Pneumat Tool
2%
92
*90%
55
*52%
39
39%
92
>*90%
*
55
*52%
40
.
39-
38%
115
64
64
37%
148
*145
-
118
V
92
55 •?■' 1
40
200
'
1
138%
*145
119%
*117
-
38
5,200
!
148
37%
148
64
*64
*820
21%
109
*108
27%
109
25%
114
""21%
*108
26
*110%
114
64%
64
*820
21%
26%
"
*110%
16%
""16%
*820
22
z
3,400
Cluett
.
26%
10%
10%
,
10
9%
10
9
9%
10
9
10
8%
9
*9
10 A
'
9%
10%
"
170
9,600 Z
;
26
;
(The)
Jan
•
.,
Feb '
67% Apr
107% Jun
22
May
95% May
91% July 14
23
6
July 28
•
77% May
53
47
July 12
48% Mar 30
12
40
May 13
150
Jan
par
88
Jan
4
123
July 14
No
par
62% Jan
11
33% Jan
No par
J100
Co
tClass A
;
50
38
'
•
142
July 20
•: 65% Mar
8
:
10 •
2,700
Corp—
No par
Colgfate-Palmolive-Peet
.—No par
t$4.25 preferred
No par
25
Feb
Jan
70%
Dec
10 3%
Aug
99
34
Aug
Apr
3
Jun
39% Nov
125
Dec
72
Mar
112%
Nov
315/a
102
Dec
Dec
5
17%
16%
10
17
Collins & Aikman
'
5,200
V
10
...
•-Z
9%
•„'
9
.10%
10
.
,
y
"
,
,
9
..*23%
24
23%
23%
23%
23%
23
23
22%
22%
22%
*23%
22%
24
,*23%
24%
23%
23%
22%
22%
22%
22%
22%
'22%
690 '
1,410
380
,
V
,
900
conv
No par
preferred.
-
!
*
Colnmb Br'd Sys Inc cl A.
Class B
139
;
16% Jan ~11
103% Jan 12
55% Jan
92-
63%
470
Jan
Nov
Nov
Jan
Feb
109% July 17
97% Apr
107%
Dec
Apr
13
19% Juy 14
2 % Jan
14% Mar 15
3% Jan
.12% May 12
15% Jan
6
24% July 14
2.50
15% Jan
2
'24% July 14
12 % Apr
Jan
36%
149
Nov
100
100
2.50
3
Jan
Jan
17%
111
Jan
14% Jan
Feb
84% Mar
50
44
11% Mar
28% July 15
17% Jan
108
Jan
56% Mar
470
:100
4
% 1st preferred
i% 2d preferred
.100
No par
Colorado & Southern
,
1
2,400
>
5%
Colo Fuel & Iron Corp
■
May
32% Apr
25% Apr
22% July 14
•
10
10%
24%
50
par
—.No
Peabody St Co..
Coca-Cola
84
50
No
Coca-Cola Intern
•
.
.
♦110%ai4
10%
10
16%
/
>:
•
109
*108
114
10%
17%
_.
Molybdenum
Preferred
900
64'
'••
tciev & Pitts RR Co 77c gtd
Special gtd 4% stock
Climax
'
>
118
21%/ 21%
109"""
10%'
21
18% July 28
—5
Co
Mail Order
3%
10%
page 463.
5
100
...
Chicago
2%
10%
see
6
14% Apr
100
111 RR
2%
10%
footnotes
Apr
117% July
No par
Chicago Yellow Cab
115
22%
10%
110
128
1
2
1
A
Chickasha
*10%
9%
July 16
4
Jan
42%
Apr
Apr
8% Jan
No par
1
Chicago Great West RR Co
57c preferred
;
10,000
'
-
15
82
96% Feb
119
Apr
25
July 22
40% Jun
—40
East
&
Class
19,500
,
600
11
For
Chic
14,600
8
500
11
17
30
54% July 1£
108
'
Preferred series A
16%
18%
181
21
par
No par
14%
18%
17%
40% Jan
13
...
16 %
*145
119%
*820
22%
Deo
100
Cab Mfg
Chesapeake & Ohio Ry
"
64
*820
22%
130
3% Nov
-
38%
22%
Jan
.100
preferred
14%
80
37%
110
Products
16%
118
38%
*63%
117 /
20
Checker
1,900
.34,100
'
*820
July 13
100"
14%
*65%
♦52%
38%
144
7
*
16%
♦115%
116%
*90%
118
127% Jan 21
/
Dec
11
*14%
7
40%
>145
78
6
23% Jun >7
$3
36
52%
120%
Apr
26
No
Cham Pap & Fib Co
46%
Nov
54%
100
Chain Belt Co
108 A
Jan
88%
May 10
26% Jan
prior preferred
6%
Dec
89
'123
53% Apr
12
GOO
100
Nov
3¥« Jan- 8
77¥b Jan 11
Jan
tPr pf
*6%
♦130
Apr
22% July
•/ 2% May
1
800
.14%
17%
67c
Feb
4 ¥4
38%
77
95% Jan
—
Z
Deo
Aug
7% Nov
Apr
90
590
35%
92
148
July 24
31 ¥4 May 29
3% Mar 12
400
6%
52%
♦120
96 ¥4
8
108% July 27
18% Jun
5
40%
35%
39
>144
7
2
53
47
42%
121
Jan
4
40%
35%
55
154
>85
r 25 ¥4 Jan
1% Jan
53
v
6%
'■
40%
*119%
32
%
37%
1% Feb
6
July 22
16% Jan
52
47
6%
42%
*148
97/a Apr
46 y4
97% Jan
42%
105
41%
•
18
*104
47%
37
3% Jan
29% May
No par
18%
5%
13%
15%
33
7
1Q0
new
21 'A
13%
17%
83
15
Dec
Foundry Co
1
Lt 4%% preferred__100
Certain-teed
5,400
2,770
4%
18%
30%
Apr
25
100
No
de Pasco Copper
Cerro
.4,100
6%
12%
14%
*104
37%
57
5%
5
13%
'
9%
Jan
No par
tCent RR of New Jersey
Central Violeta Sugar Co
Century Ribbon Mills.
500
•
27%
473/4 July 21
4¥2 Jan/ 2
No par
preferred
...
preferred
Preferred
13%
12%
17%
30%
prior
Corp___
Central
5,200
29%
45%
108
19%
3
5% Jun
11% Jan
.100
Central Aguirre Assoc
4,000
v
108
29
47%
10 8 3*2
7%-
12%
5%
•21
*107
46%
*
*18%
21%
108
30
108%
45
6%
55%
18%
21%
108
29%
*108 3S2
48
6%
58%
57
18%
21%
107%
108
'
Mar 31
11 % May
Dec
40
Central.Ill
'200
110
14%
*29%
9
21
Jan
17
100
prior preferred
2d preferred—
57c
2,700
-
,
12%
*106
1%
7%
610
22%
6%
18%
3
7
'
1
;
:
series
Celotex
6,900
3,400
21%
110
S%
150
,,
3
6%
14%
2%
6% Feb
36V4 Jan
Nov
95
Jan
;
247/a July 14
5
Celanese Corp of Amer
470
19%
13%
>*41
:.r
-
108%
22%
19%
14%
7
38
Co——.,
Preferred
860
12%
*5%
15%
*17
38%
22
5%
19%
;
Nov
9 ¥4 Apr
193/4 Apr
/
23
100
Caterpillar Tractor
19%
108%
18
(J I)
.3,700
13% v
44%
*39%
Nov
4"
13
Steel
Case
V
10
]26
116%
127
116%
*108 3S2
19%
,
*
107% v
*106
15
*19%
Jan
7%
16 ¥4
6 ¥2 Jan
10%
Dec
10
"
49%
14
Nov
1%
29 ¥2 Jan
Co
Carriers & General Corp
,
-9,300
107%
108%
5%
Carpenter
2,000
■
•
;
37%
107'A
32
13
50
37%
107%
7%
14%
5%
5%
32%
47%
*108
8%
14%
18%
21%
*107%
31
50
8%
18%
22%
63%
Jun
'
6%
59%
107 %
Deo
Apr
%
% Apr
6% Mar
69%
1
13% Jan
10
1,100 s
/
v
12%
37
22%
50%
1% Mar
100
tCarolina Clinch & Ohio Ry
700
i/
144
21%
5%"
♦106
37%
6%
*140 ¥2
12%
<
16% Jan
Mar 27
2
7
•
113%
37%
July 13
56
2
7
' 6
15 ¥2 Jan
-—1
21% July
37/s Jan
30 ¥2
7
25
Feb
25% May 20
2
par
Feb
19%
Nov
9
24
No
Oct
6'%
Jan
% Jan
$3 preferred A
220
.
273/4 :
111 ¥2
49%
,
22¥a Jan
Ry
24%
5 % Apr
18% July
..5
Mills
44
Sep
83 % Apr
No par
Capital Admin class A
150 ■-
95
43/4
38
Pacific
Cannon
900 ;>
"
"
Canadian
,
500 Z
7% - /
21%
.
110
56%
107%
33
108%
37%
6%
61
*21%
23
107%
108 3Sa
*106
v
38
6%
58%
*
2%
108
13
22
♦106
>•'
126%
*115
108%
13%
*6%
i
107
2%
108 %
21%
/
v
36%
107 %
/
*4¥a
•
.
50%
39%
"•
Sep
Jan
4%
8
523/4 Jun
.
Oct
5
50
5
Feb
18
par
Zinc-Lead
Oct
3%
40
—1
Packing
preferred
9,300
.32,500
144
¥2,
50
107 %
107%
4 3/s
9%
115
.
t5 %
Callahan
~9%
2% Jan
"
44
*94 Va
27%
■,
•
27%
114 ¥2
49%
44
z
6% Jam
3
May
42% May
2
180
7
4
25
Jan
72
par
Dec
4
10% July 15
29
July 15
9¥a Jan
5
No par
.100
Participating preferred
Nov
20%
75
2% Jan
Butte Copper & Zinc
Byers Co (A M)_.
•
3,500
,
6% May
2
'
26 ¥4
14 % May
6
20% Jan
preferred
conv
16% May
19 % May
Jan
41
..30
5%
,3,100
45
> 7%
-
95'
V
4%
:.
44
'
4
6
16%
9¥e
'•
7% '/
7%""~ ---7%
44 ¥4
.
/
•V *33%
-v
9 3/8
45 3A
95 ¥2
5
22
34%
■
5
35% July 19
6
Z
7% ' /
2% Jan
15¥4 Mar
7
15% Jun
preferred
Calumet & Hecla Cons Cop
2,500 i'' Campbell W & C Fdy
23 ¥b > / .,9,900
Canada Dry Ginger Ale
100
34% K./;,
tCanada Southern Ry Co..
.
108% Jun
4
5% Jan
1,600 Z
1%
7%
20
9% Jan
21% Jan
140
.v
r
105% Apr
par
10
1,600
54%
16%
•
23 ¥2
r
*33 ¥2
*28 ¥4
,
•;
7 5/8
9¥a
44 ¥2
27 >
.100
No
6%
5,600
;
•
16 ¥4 ;•:/
453/4
.
26
*7
Bldg 7% preferred__100
•/'••;;
54%
1 •■//••'/ :/:/■>• 1
1
1%
24%
21
31% Jun
Bush Term
,
'
73/8
24%
*46
27 ¥4
167/a
363%
20¥4
54%
7%
*34
:
X27 ¥4
x54%"
16%
24
48
27%
54%
7¥a
17
*47
26 ¥2
r
17 ¥e
:
203/4
54%
.
54%
1
17%
10 5/B
X20¥4
1
24%
36
27%
203/4
1
243/4
105/8
20%
•
iy8
*17%
•35
21
2
Butler Bros
/
/
79 ¥2
20% Jan"
...1
1,300
15s/8
,
18% July 16
1
—
Terminal
,
1
29% Apr
520
■
,
3%;
.
par
10% Apr
19% July 28
24% Jan
6
Bush
'
V
Jan
A Apr
14%
3,400 /
/ /
28%
j>
No
Watch
■
/ •>'
par
Burroughs Add Mach
7,300 ;
•
1
...No
Burlington Mills Corp
5%
preferred
12,300
^
4%
93/4
>
.
1,100
.
108
35%
10%
28 ¥2
Forge Co
Co
58
34%
10
28
9¥4
28
Buffalo
Bullard
*54; /
v
No
Bulova
4%
•
Wheel
2,400
:
20%;
; 12%
•
Budd
29%
27%
.
■:
32
•
*107 ¥2
133/a
47/a
/
•
108/
4
7,300
,
-18% /
TV
31%
29 ¥2
'
'*107 ¥2
53/a
58
28
29
'■
133/8
5%
62,
34%
^
10¥s
10%
28
5%/
43/4
;¥: 577/a
,
283/4
108
14%
4%
58
28%
293A
108" '
14
*
5%
*36%
83/a
193/4
33 ¥4
♦107%
4
18%
22%
*34
Sep
Jun
15% Jan
Mar -1
18% Jun
Jan
31%
May
5
ill
4
*
Mar
44
July 14.
<44% May 21
8
13
Jan
r 6% Jan
25
7
Mar
17 %
Xl5
July 12
30 % Jun
27
.100
Mfg
7.
7
29% Jan
par
.5
Co
(E G)
t7%
32
13
Jan
3
37% July 23
16
-ft jan
,
L
par
No par
—No par
—
preferred
Budd
/..
July 14
6% Apr
7,
33
Jan
37% Jan
par
No par
-
No
Shoe Co
Bucyrus-Erie
•
620
,
2% Jan
Bruns-Balke-Collender—:—No
9,100
200
20,800
<
Brown
1
V"
r
105
13
—JVo
Brooklyn Union Gas
>
400 '•
1,700
,
2
20% Jan
—15
Bklyn-Manh Transit
■;
4,300
/•
,
Manufacturing
Bristol-Myers Co
Brooklyn & Queens Tr
;
3,700
;
22% Jan
100
Roller
Brlggs & Stratton
400
1,800
•
Jan
15
Briggs
117% /
103/
35
i/*21%
'/
18%
Doe
•'
'
18%
<;
Jan
7%
'
■
Dec
19%
Sep
13 Vi May
25
May
—.5
„
Corp
Bearing Co
Brewing Corp. of America
Bridgeport Brass Co
,
87/a
117%
•
(The)
*
;
18%
Co
;
1
Boston & Maine RR
500
/42
18
.
Inc
7 11,800
¥2 ://•
V
1
9/'/';
117
1015/a
107
13 % Jan
5
class A
Co
Stores
Borden
900
16
18% ;/
...
•
;
/'.Wl,-,;
41%
■
6 ¥2
7%
<••
40%
18%
■
11% Jun
100
B
Borg-Warner
>1,200
...
42%
%
16%
41%
*18
183/4
*
118/
/ 6%
7¥a
1097/a
43
::
*40
■
l
T-.
163/4
.
18 3/4
-
118
• ••
1
r
*41%
-
19%
19
9%
*117%
1
153/4
16 ¥4
A
•
-
43
19 ¥s
■>
1,1;
i6%/
*41%
109
-••*%
>
42%
*41%
42%
%": /'"/:* ¥2 <>'
wx;:m
1"> / 1
'
*%
':
Ami
Class
11,800
7
..V: 32
Bon
Bond
41%
42%
.43
4
2
No
Aluminum &
2,200
13,600
.
11%
'
Bohn
;
v
4% >:
32%
-
Jan
614 Jan
5
No
Highest
per share
38% May
19% Mar
&
_
80
34%
11
28
16
$ per share
8
1942
Lowest
par
No
;
Blumenthal & Co preferred
Boeing Airplane Co
60
v
28% ;v-
29%
29%
>
27%
■
7
•
12%
*
/
27
28%
37%
36
27% Jan
No par
Mfg Co
Co
Laughlin Inc
Bloomingdale Brothers
4,300
f
27% /7
34%
34
Bliss
13,200
; ;v
,
Decker
$ per share
No par
Year
Highest
'
"■
38'
48%
■'
&
Blaw-Knox
so
47%
96%
•
Black
30
.
16% y
27
28%
35%
Lowest
Blgelow-Sanf Carp Inc
400
>
16%
48%
Range Since January 1
Par
12,100
,
99
•
v
50
35%
*37%
18%
97
*95%
97
*95%
17%
Range for Previous
STOCK
EXCUANGE
1,200
%
i6
*95
100
16%
48%
18%
*15'A
NEW YORK
1,100
18%
17%
100
34%
9%
19%
for
Shares
18%
9%
17%
17%
the Week
$ per share
34%
*19%
100
Sales
July 30
$ per share
33%
18
18%
9%
Friday
July 2!)
share
33%
34%
18
V
STOCKS
Thursday
July 28
share
34
.34%
34%
PRICES
Wednesday
July 27
July 26
$ per share
t
SALE
HIGH
AND
Tuesday
Monday
Saturday
July 24
455
2
10% May
May
13% May
% Apr
96
1
May
% July
8% Apr
8% Apr
18¥i
108
Oct
Dec
18%
Jan
4%
Sep
Sep
Sep
5%
5
16%
Dec
16%
De«
'
& FINANCIAL CHRONICLE
THE COMMERCIAL
LOW
$
t per share
74
*68
70
70%
713/4
69%
70
68
68
67
*96 %
S8»/2
,*97%
17 3A
17%
93%
17%
153/8
93%
163/4
40
38
38
397/a
40%
'
*38
40
42
40
♦28
43
4134
41%
*38
*<j%
42
*107
111
*107
44
44
43
44'/a
423/4
43%
147a
147/a
14%
15
13%
14%
%
18
66 %
66 y4
263/4
2G7/a
*93/4
245/a
♦223/a
*22%
in ft
5
0
233/4
104 7/a
&
5
4%
27/a
5
17%
*23
143/a
3,000
Columbia
39%
.40%
4,100
$2.75
100
40
41
40
111
*107
18
52
6,800
9,200
64
;a/„
653/4
26
267/s
26 Va
26%
26%
26%
26
26%
9%
1,300
22%
23
23
22%
22%
3,400
Congoleum-Nalrn Inc
21
22
19%
20%
21
21
20 3/8
21
1,400
Consolidated
111ft
111ft
•111ft 111%
*1033/4
104%
104
22%
5
223/4
22%
23%
104%
104
43/4
4%
43/4
5
,
,102%
105
104
*1033/4
4%
27/a
2%
27/8
16%
16%
15 Va
16
5%
53/4
53%
1043/4
43/4
233/a
104%
17%
Commonwealth
93% July 15
51
par
7
19% July 14
Con sol
Consol Edison
3,200
Co
13
5,600
Consol
113/4
12%
12%
12 %
3,400
10 Va
♦107%
109%
102%
1023/41
102 3/4
102%
20 3/a
213/a
4,500
,9%
13,400
610
203/4
21%
9%
9%
9%
107 Va
107%
*107%
108%
*107Va
108'A
100
333%
93/4
109
33%
102 Va
87/a
34%
34%
34%
34Va
22
20 3/4
23
*107%
109
102 Va
102%
9'/a
10%
10%
300
34
9
Cuba
Container
pfd
8%
34%
9,100
Continental
Can
14
12 7/a
13%
13%
13%
13
13%
4,300
Continental
Diamond
48%
47 Va
47%
47%
47%
47%
473/4
1,800
Continental
53/4
6 3/s
5%
6 Va
6%
63/8
48.500
Continental
•14
35
3 6 3/a
34
347/a
34%
343/4
33%
343A
7,500
Continental
27
26%
26%
25%
25%
253/4
253/4
24%
24%
1,000
13%
13
13%
4,000
Copperweld
*51
52
52
52
52
52
*51%
453/4
44 Va
45%
45
45
44%
45'
59
59%
58
583/4
58
59
58%
59%
182
46%
46%
46%
59
59%
58%
593/8
♦180
181%
181%
181%
182%
•180%
57/8
5%
53/4
5
5%
5%
2%
2%
2%
2%
2%
*53/4
2%
20 3/a
2%
/
*180%
20%
19%
203/4
20
20%
193/s
105
105%
213/4
21%
21%
21
21%
*20%
♦20%
21%
21
22%
21%
23%
21%
*28%
29
29
29%
28%
283/4
26%
21%
106
105
106
106
120
54
52
45
52
*51
523A
*45%
137/a
13%
13%
13%
105
300
9,100
*179%
181%
5%
5%
5'/a
5%
2%
2%
2%
2%
2%
3,000
2,800
22,900
180%
•
20
105%
19%
20%
19%
20 »/4
105 %
105%
105%
105'/a
750
21
21%
21
21
22%
22
22%
203/4
21 7/8
20,500
28%
273/4
273/4
25%
27%
4,200
44
44
44
15%
14%
153/a
98
180
11,100
21
44
*43%
*443/4
45%
443/4
45
45
45
44
15%
15%
15
15%
15%
15.%
14%
15%
96%
96%
*96%
333/4
34%
323A
600
34
77%
1,900
78
15%
7,900
*94%
953/8
95%
95%
933/4
953/4
953/4
96
36%
36%
343/4
36
33%
35
33 Va
34%
*82 V2
823A
81%
82%
79
813/4
78 %
79
*78%
79%
*20
20 Va
20
20
19
19%
17%
18%
*18
18%
17%
18%
1,130
12%
13Va
12
123/4
113/4
12
12%
12
12 3/4
16,500
*113
1141%
*113
114%
*113
114%
*113
114%
*102
105
*102
105
*102
103 Va
*102
104Va
18
18 Va
*13
13%
*113
114 l/a
*113
114%
*102
105
*102
105
19
19
*24%
♦105
;-v.
*69%
33%
8
24%
24%
25
108
♦106
108
g
19
18 3/8
W
183/8
24%
*106
19%
24%
*233/4
108
*106
53/4
6%
5%
*69%
70%
*68 Va
70%
33%
34'/4
33%
333/4
g
70%
173/4
34
8
7%
8 Va
213/4
7%
5%
4 3/a
*66
323/4
181/4
233/4
24%
110
*106
5%
5%
69
333/8
*106/.
5%
33%
7%
7%
73/8
7%
20%
20%
20%
27,200
5
7%
50,800
163/4
771;
:
5
Jan
Oct
Dec
103% Jan
Apr
26 Va Jan
7
36% Jun
4
21'/a
Apr
Jan
2
15% Jun
28
5%
Sep
83/4
Jan
40% Jan
7
49
Apr
8
6
303/4
Apr
^23/4
Dec
2 3/4
Ma>
47/a
Nov
7
7'A May
28%
Dec
27%
Dec
21%
Nov
Apr
12%
Jan
45
Jan
6
37
Jan
2
July 27
7
47
53% Jan 20
Am
52
20
Apr
61'/eMay21
July 29
182
Jan
2
2% Jan
H Jan
2
2
14% Jan
2
223/8 July 14
Jan
5
16% Jan
4
1061/2 May 29
23% Mar 12
2
.'
5
100
100
100
100
100
Cudahy Packing Co
30
-176
95
9
Jan 15
38% Jan 12
Jan
6
Jan
4
Jan
2
Jan 11
713/4 Jan
7
9% Jan
7
73/a Jan
9
105
Feb 1
92% Mar 20
37%
111/2
81%
32
10% Jan
4
5
(The)
18
Jan
8
100
Inc
preferred.
100
Jan
8
l3/4 Jan
2
30% Jan
17
Jan
2
2
6% Jan
2
No par
No
preferred
par
No par
1
Curtiss-Wrlght
1
A
109
*102
109
*102
109
*102
109
Cushman's Sons Inc 7%
*95
105
*95
105
*95
105
$8 preferied
Cutler-Hammer Inc
3,400
96%
Apr
preferred
preferred
Sugar
t7% preferred
5'A% conv preferred
105
24
May
11% July
2'A Apr
Apj,
conv
•95
23%
82
8%
Cuba RR 6%
;.*102
24%
Jan
5
No par
109
23%
11% Jun
2
110
Jun 15
25
Corp__
105
23%
Oct
15
100
*95
23%
3
7
Cuban-American
Class
Jan
x9% Jan
No par
8,100
Jan
1%
17
No par
Curtis Pub Co
9
50%
t$5 conv preferred
Press
Apr
2
Crucible Steel of Amer
Prior
103'/8July21
233/4 Jun
7
__50
preferred
Zellerbach
Nov
/
.^0
25
conv
Cuneo
Jan
Jan
3/4
% Jun
7
373ft July 15
(The)
*102
24%
Nov
94
273/4 July
preferred
109
24
Jan
16%
Apr
8
Co
conv
5%
16%Mayi0
36% Jun
1
105
25%
7%
Apr
2
Corp
*95
24%
Sep
11%
78
133A Jan
1
*102
25%
Feb
25% Jan
serles_
21
25%
Feb
97%
5
Preferred
20%
89
•
5
Crosley Corp (The)
No par
Crown Cork & Seal—par
3,000
7%
20
-
No par
Co_
Cream of Wheat Corp
Crown
July 24
16
8
Refining
Internat
$2.25
7
243/a July 15
105
24
4% Jan
.100
Coty
5%
12
6% Apr
16
Jan
7
5
Inc
Crane
43/8 Jan
96
Del
22
21%
Jun
3
33% Jun
7
tPreferred
67%
33%
>32%
Products
4'A%
53A
*66
34
300
of
Steel
Coty
108
5%
69
*67
2,400
,
24%
*23
233/4
1,400
18
117%
1081
20 Va
7%
21
20Vb
12 3/8
Oil
tConv pref 5%
120
5%
185
-
x4% Jan
fCorn Exch Bank Trust Co
Corn
r
$2.50
Continental Steel Corp
14
14
4
1
36%
133/4
14%
Apr
6
20
36%
'
83
>
6
Fibre
6%
7-; 27
106
Jan
Inc
6%
63/4
Dec
111ft July 22
Jan
Motors
27%
12%
16
Insurance
363/4
243/4 July
89
100
13%
%%
Dec
2
25
preferred
48%
36%
Jan
18%
No par
No par
14%
*27
3%
Apr
9% Aug
74'A Aug
6
50
of America
Corp
49
g
Jan
Jun
12%
Jan
100
Continental Bak Co
13%
„•
233/4
1%
5
90
1
preferred
tConsumers Pow $4.50 pfd
49
6
Apr
12
Jun
5
5
$2.50
14%
34%
17%
Jun
25
Jan
25
49%
34
July 20
11
7
1
6%
14%
343/4
27
13
22% July 30
of
RR
*483/4
34%
Jan
10'A Jan'
5
No
Consolidation Coal Co
38
Oct
Jan
44%
Jan
2,100
12%
12
*35%
Dec
10%
Nov
22 Va
14%
37%
34
2% Jan
89
Preferred
22%
14
*35%
Jan
171/2 Jan
100
Aircraft
223/4
36%
20%
81/4
Consolidated Vultee
*35%
16
9
20,000
12
22%
2
1
44% Jun
33A July
63/8
13%
102%
21% Jan
Nov
4%
5%
22%
23
21% July
105%
21% Mar 29
27% Mar 30
153/8 July 21
6 3/8
13
102%
68% July 10
Apr
153/4July28
%
22%
227/8
2
91 %
3% May 12
14%
102
363A Jan
:
1
19% May 12
63/8 July 29
22%
36
sY Jun
July
11
10
133/4
36
7'A May
1 Va May 10
Dec
11
223/4
37
July 14
2
29%
Va Jan
23%
377/8
2
& Jan
Jan
7% Jan
2% Feb
14%
*37
15
9% Jan
•
16%
No par
23
123/4
29% Jan
par
107
7
5
135/
12
Oct
Oct
Jun
44
5
143/a
13
35
19
14;
100
$2 partic preferred
Consol Laundries Corp
22 3/a
Jan
2
1,600
13,300
24
43/8 Jan
2,300
16%
11%
15% Jan
2%
15%
Dec
Jan
5%
91'A Jan
153/4
16%
843/4
par
2 3/4
16%
Jan
Mar
104% Jan
25
N Y
153/4
16%
July 9
,
Jan
45%
v
No par
of
?3/4
153/4
41
2% Nov
54
25% Jan
par
Coppermlnes Corp
153/4
167/B
11
2
$5 preferred
Consol Film Industries
23/4
16
Jan
30Va Jan
No par
23%
13
9
No par
No
15%
0
13
preferred
6%% prior preferred
18,300
104
Edison
Cigar
34,400
5
233/a
22%
104
79% Jan
1%
270
5%
22%
6
6
580
1033/4
104
1023/4
14,600
111ft 111ft
111ft 111ft
2%
2%
16%
9
9%
par
5% Jun
100
Conde Nast Pub Inc
24
9%
223/4
9%
23
9%
Sep
No
66
97/a
Sep
Sep
29
No par
Commonwealth & Southern__.No par
$6 preferred series—
No par
65
'
30%
70% July 16
Commercial Solvents
34,300
%
64%
*9%
74% July 17
2
No par
Comm'l Invest Trust
24,800
n
133/a
2
Jan
preferred
14%
42
14%
2
37
10
43 %
43%
1% Jan
40% Jan
Credit
conv
I
Highest
$ per share
share
No
preferred
Commercial
per
No
Pictures
conv
4V»%
111
%
18
'
39%
17
133/a
22%
17
$ per share
100
Co
63 3/a
105
4%
*13%
102
16%
3/4
*23/4
5
163/4
14%
16%
>
163/4
16%
Carbon
65
23%
1043/4
*23/4
Columbian
63%
104%
233ft
237/a
105
*16%
3/4
111ft lUft
♦104
104
104
1,000
22%
93/a
24
23%
111 A
93
24%
26%
/
93
26%
9%
63%
97/a
*24%
93
*37
_100
1942
Lowest
Highest
$ per share
No par
preferred series A
preferred
5 %
93
■
18
65%
S/4
•
6%
40
423/4
13%
Columbia Gas & Elec_—;
67
42%
14%
41%
43,100
3,300
70'/a
*63
*107
111
*107
111
*107
111
.
70
Lowest
Par
67
Year
Range Since January 1
Shares
4%
3%
4%
70%
Range for Previous
STOCK
EXCHANGE
*37%
97%
16%
17%
4%
70%
for
*63
95%
98%
17%
70%
69
:
YORK
NEW
the Week
$ per share
$ per share
4%
4%
73/4
■♦68
Sales
July 30
July 29
share
4
4%
4
4%
71%
4»/a
4 %
*73 %
$ per
$ per share
share
per
STOCKS
Friday
Thursday
July 26
July Hf
July 26
July 24
HIGH SALE PRICES
Wednesday
AND
Tuesday
Monday
Saturday
■
Monday, August 2V 1943
pfd
100
No par
No
par
20
July 30
96
Feu 26
84
Feb 10
15% Jan
4
May 17
2% May 22
6
23% July
30% Jun
46% July
16% July
96% July
38 July
82%
21%
14%
113
106%
July
Jun
Jun
July
Jun
20% Jun
27
2
3
14
29
15
20
11
11
14
10
7
Mar
51%
Jan
23%
Apr
37%
Dec
42%
Apr
58
Apr
2% May
II Apr
179
45
159
Dec
Oct
3%
Nov
7/a
Nov
10% Apr
Jun
14%
Dec
85
987/a
Nov
12% Jan
15% Dec
53/4 May
14% May
Mar
9% Deo
20Va Nov
32
41
10
12'/#
77
Jan
Apr
May
233A May
88%
Jan
39%
Nov
63
NOV
Sep
Jun
84
8%
Jun
133/4
5
Jun
9
Jan
88
Jun
140
Jun
Jan
74% Jan
95%
Dec
83A May
13%
Jan
10
13
Mar
21
10
10
10
8
29
90
Feb
100
Jan
2
Oct
32%
Nov
18
Jun
100
Feb 10
95
July 6
26% Jun 29
80
Jan
95
Oct
44
Jan
81
Nov
12% Jun
18
Oct
26% Jun
105
7%
81 %
37
May
May
May
May
9% Apr
24% Mar
19%
13% May
12 i Jun
Sep
Dec
20%
.
j
Oct
9 '/a
5% May
Jan
257/b Jan
ft 10
r.«0
*6%
63/4
*18%
193/4
*6%
6Va
*6'/a
6%
6Va
6%
*18%
193/4
♦18%
193/4
*18 %
19%
/
*6
6%
*6Va
193/4
*18%
,
D
100
6%
Davega Stores Corp
'
16
16
113
113
16
15%
*113
113%
14%
153/4
*113
141/z
147/a
15%
113
113
113
113%
*18%
143/4
15%
113
*112%
•,
15 5/s
6,200
50
113
19'/2
19
19
183/4
19%
18
18%
18%
18%
18'/a
38%
39%
37%
38%
37%
38%
37%
38 5/8
36 3%
38
35
351%
35%
353/,
191/2
19%
19%
*18%
15%
15'/a
13%
143/4
133/a
14%
8 3/a
8%
7%
8%
7Va
7%
1%
1%
22
56
30
*313/4
40
15
*301/2
96
13/8
1%
21%
217/b
56
45
45
1%
213/4
*45
301/2
29%
30%
29
321/2
32%
32%
32
40
393/4
39%
34
*183/4
22
1%
22
*45
35%
20
&
39%
7%
1%
13%
141/8
11,500
Delaware
7%
7Va
73/8
32,800
Delaware Lack &
7%
73/4
1%
47
1%
21%
*43
13/8
21%
700
1%
5,500
tDenv & R G West 6%
8,000
Detroit Edison
39%
29%
29%
30
29%
30
3,930
*313/4
32
32%
32
32
32
32
400
♦38
39%
39
39
39
39
Devoe
14
14%
13%
14%
14
14%
14
14Va
2,400
30'/a
29
29%
30
30%
30
30%
4,100
Distil
96%
*95
96%
♦95
*95
96
100
5%
800
Dixie
96%
*95
96Va
15%
15%
15%
15%
151/8
*14%
15
433/4
433/4
43%
433/4
43%
43%
43%
43%
43
43%
43%
44
1,070
*30%
30 »/2
273/4
29
283/4
283/4
28
2 8 3/a
28%
28%
273/4
28 3/4
3,500
66
203/4
21%
20%
21%
19%
203A
20%
203/4
20 %
66
63%
65%
62'/a
64%
61
62
62%
63
61%
62%
143
9%
*12
I2V2
1221%
154
154
♦127
129
119%
41
7%
166
*177%
31
8 3/4
83/4
12
12
•118
122%
152
154
1283/4
*127%
119 %
41
1447/8
30
32
120
•::v
120
383A
40%
7%
7%
7
1663/4
165
165
180
180
180
142
143%
136
139
29
30 Va
28
29
8%
9
•11'ft
12
*118
L
122%
150
283/a
11%
*118
11%
122%
153
148 3/4
149%
*127%
129
127%
127%
*120
121%
*120
121%
39%
37
38%
373/4
7
7
163%
165 Va
♦177
180
6%
8%
138
12
28%
29%
5,100
8%
3,000
Dunhill
121%
500
8%
*118%
1193/4
210
Duquesne Light 5%
1st pfd—100
39
373/4
4,500
Eastern Airlines Ino
7
63/4
2,700
Eastern
1
5
38%
7
39
6%
1623/4
163
163
163%
162%
162%
1,400
180
177%
177%
177%
177%
120
42%
403/4
40%
41%
40%
41%
4,300
17%
17%
17
171/4
17%
17%
17 3/a
173/8
900
37
35'A
36
6
11%
103A
4%
4Va
6
11
10%
4%
4%
preferred
120
36
4%
No par
100
$4.50 preferred
17%
11
1
300
38
43/8
No par
36%
34%
36
11%
11%
10%
11%
4%
43/B
4%
4%
Rolling
Kodak
Mills..
No par
(N J)
100
preferred
Eaton Manufacturing Co
6%
cum
4
2
Edison Bros Stores Inc
6,000
35%
11
Eastman
20
No par
(E I) is Co
Electrlo
Auto-Lite
6,800
Electric
5
(The)
Boat
4%
8,000
5%
14,400
Elec & Mus Ind
6%
5%
79%
79%
763A
79%
713/4
77
701/4
74%
72%
73%
72
733/4
7,700
$7
73%
73%
72
733/4
70
72%
65V4
69%
683/4
69%
67%
69
4,500
41%
41%
41%
41
41
39%
40
39
39%
40
40
Am shares
$6 preferred
41%
3
5%
5%
5%
53/8
*30%
30%
30%
30%
♦30%
32
301/4
30%
*563/4
57%
55%
563/4
*543/8
56
54%
54%
5%
115
115
6%
015
7
6%
80 3/4
80 3/4
83
83
*89
80
For footnotes
%
see
115
115
6%
*115
7Va
1153/4
6%
7
1,600
*115
30%
293/4
303/4
56
30%
*53
.
51/8
55
55
1153/4
7%
7
400
1153/4
*115
6%
1,200
7%
140
43,600
page
80%
791/2
80
81
81
80
80
380
84%
823A
84
813/4
82
84
84
83
83%
460
90%
*89
%
7%
80
*823/4
90%
%
1153/4
53/4
89
90
79%
3/4
463.
3/4
%
*88
90
*88
%
3/4
14
90
*88
90
3/4
%
20
%
2,700
Electric Power & Light
Elec Storage
El
Paso
Endlcott
5%
No par
preferred
No par
No par
No par
Battery
3
Natural Gas
50
Johnson Corp
preferred
Engineers Public Service
t $ 5 preferred
t$5% preferred
t$6 preferred
Equitable Office Bldg
100
-
_
1
No
No
No
No
par
par
par
par
5
130% Jan 12
16
Jan
8
5% Jan
5
4
115
Jun 24
134
Jan
5
125% Jan
8
117Va Jan 13
9
Jan
31 % Jan
13
3% Jan
2
146 Va Jan 20
177% July 29
35
Jan 19
10'ft
Jan
4%
Apr
18%
Apr
27%
Dec
•30 Va
NOV
Dec
13Vb
NOV
Jan
11%
Oct
2% May
4%
Jan
1%
Sep
Jan
7
3*a
Jan
14%
37
Apr
Oct
18%
30
37
Oct
35% July 12
14
Jan
21
Jan
33 Va Mar
18
27%
Jan
8
40% May 13
May 10
Jan
par
110
223/s July 14
56
par
4,400
7
7
6
6
4
48 % Apr
31% July 14
96% July 15
148%
120
173/4 Jan
26
Jan
37
Jan
1
Apr
25% May
9% Apr
1
Jan
8
Jan 13
Jan
2
Feb. 18
Feb 20
Jan 20
127%
Du P do Nem
Mar
3% Mar
Jan 20
127%
122%
% Jan
5
16% Jan 12
40
July
36% July
8%
213/a
83 %
10
38%
22%
15 %
International
Duplan Corp
S'Zt-i
par
143%
♦118
17Va
11%
10% May 10
129
37%
4%
2
1491%
18
*113/4
2
3'A Jan
122%
38
40%
8% Jan
149
*127%
18
43%
2
♦118
38
43%
5
Jan
.No par
Dresser Mfg Go
7%
*ll3/4
Jan
12
par
No
Dow Chemical Co
1357/s
12
29
6
1
20% May 19
17% May 5
No par
A
Douglas Aircraft
•1771%
393/4
43%
42%
Class
Dome Mines Ltd
1,700
43
100.
Doehler Die Casting Co
29
8%
191/2 July 24
12
No
Co
140
*137
8%
8
11
No
pref with warrants
Cup
6,100
21
*9
♦118
<
Mar
Jan
2
Corp-Seagr's Ltd
6,800
21%
1443/4 1443/4
*31%
;
102
17
Diamond T Motor Car Co
29
15%
8
No par
143A
31%
153/4
Jun
Jan
No par
14%'
•95
116
12
Jan
25
30%
153/4
21
No
15
96
108% Jan 20
10
100
20
preferred
partic
6%
Nov
26
No par
Match
31 Ve
16 Va
*15%
pfd
& Raynolds A
Diamond
Oct
2
12%
par
Detroit Hillsdale & S W RR Co__100
500
28%
Western
21%
10
173/4
Aug
19
50
& Hudson
1%
47
Jan
8
7
9
100
Delsel-Wemmer-Gllbert
21%
*43
47
1,900
V.
15%
5
5
10
Preferred
14%
13%
14
21%
21
*43
30%
>
13%
1
"
2%
3
Jun
Jan
20
No
183/4
193/4
35
1
100
Dec
May 24
Mar
19
33A Jan
17
1
Co
341/2
*18%
pfd
Records Inc
Deere
18 3/4
34%
19%
(The)
Corp
Decca
34
34%
25
Dayton Pow & Lt 4%%
3.000
18%
391/2
*19%
Chemical
Davison
8
preferred
10,200
19
39%
*35%
5%
Conv
19 3/4
16% July 15
9%
223/a
Dec
70
87
Nov
Jan
73/4 July
32% May
16%
9s/4
Feb
Dec
20
Dec
Apr
26
Dec
Apr
IB3/*
Dec
4
51
May
703/4
Oct
May 28
95
Apr
134%
Dec
13% Mar
163/a
July 12
May 20
8
23% Apr
73% May
35% Jun
1
2 3A
Apr
13% Apr
8
8
Jai
116% Mar
9
112
Feb
9 3/4 July
16
159V4 July 15
129'A Jun
121
39% Aug
6®ft Aug
16% Mar
8
45
33
153
Apr
83% Apr
Jun
44% July
26
5
8
8% May 28
7
10%
120
Dec
Oct
Nov
July
102% May
144
Jan
120
127
Nov
118%
Dec
Apr
111% Mar
34
Dec
16 3/4
Apr
2Vt
Jan
4%
Apr
151%
Dec
180
Nov
170
May 19
108
184
Jun
8
170
Mar
453/8 July 15
26
May
Nov
36%
Dec
Jan
11
Oct
15
2
20 s/8
Jan
303/4
Mar 30
97/a
Dec
13%
Jan
4
5
53/8 May 10
ft
Feb
17/b
Nov
63A May 20
%
jan
1%
Nov
311/4 Jan 20
281/2 Jan 20
33% Jan
2
79% July 23
11%
30 Va
10 Va
/ 1%
1%
Feb
Jan
Jan
Jan
Jan
23% Jan
49 % Jan
8
181/2 May 10
4
2
39 Va
7
5
109% Jan 11
2% Jan
54
Jan
57% Jan
62% Jan
% Jan
4
7
4
5
8
14
July
35%
Dec
Jan
17%
Apr
74
July 23
15
Apr
32%
Jan
42
July 13
29
Jan
34%
Nov
19%
Apr
26%
Feb
49%
Deo
31% July
8
58% July 17
393/4
Apr
20
1073/8
Feb
7% May 10
1%
Apr
116 Va Apr
112
3%
Oct
Jan
83% July 12
40
Apr
66
84% July 22
46
July
73
Jan
83
Jan
92
July 12
47%
Apr
1
ft
Deo
1%, Mar
Jan
Oct
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4199
158
RECORD
NEW YORK STOCK
AND
LOW
July 24
I
;
per share
i
share
per
14 %
14%
14 Vs
52'A
*75%
12%
13
48%
50%
♦73%
78
3,600
Ex-Cell-O
2%
2%
2%
2%
2%
600
Exchange
36%
36%
1,600
Fairbanks
Morse
243/a
24%
4,500
16%
1,700
105%
40
37
38
36%
25%
24%
25
23%
15
17 Vs
17%
105%
105
♦2%
15%
♦104
105%
25%
25%
25%
25%
24 Vs
15%
15%
15%
15%
15%
23
95%
*94%
95%
5%
5%
24%
95
;
17%
94%
18
17%
17%'
49%
49%
47%
42
37%
41%
110
*109%
17%
49
41%
18%
;■
'
"49
>49
*42%
42%
110
110
38
109%
*38
38
21 %
35%
35%
*25%
26%
8%
45
V
34%
26%
7%
7%
12%
13 ••>• ■■ ;
*12%
12%
12%
47%
47%
47
17
16%
15%
15%
*11%
75
18%
10
11%
11%
11%
*64
19
19
19%
*19
*64
75
36
37
36
37'A
37%
*28%
"*108%
109
Oct
39% Jan
12
Jan
68% Jan
18
32% Jun
44
70
70
Dec
28%
27%
108%
108'
109
107%
3%
2%
Corp
&
;/•
1,700
Ferro
Fidel
Firestone
110
*109%' 110
39
38
193/4
19
109
34
/
8
7%
*43%
7%
1,700
...
12%
12
*46%
*
*18%
19%
103/4
11%
*t>4
36
36
28%
*128 Vt
28
105% July 27
20% Jan
13
29% Apr
Feb
18
16% Mar 18
3% Jan
15
Jan
4
2
25% July 14
11%
78% Jan
8:
96
74% Nov
13
V
{
100
*
No
Stores
Mar 26
27%
Apr
37%
Jan
28
May 27
19
Jun
29%
Jan
19% July 13
6
Jun
8%
Jan
14
104% Jan
31 % Jan
6
par
15% Jan
97% Jan
No par
87%
Apr
39% Jun
7
29%
16
25% Jan
7
36
Jun
10
15
L Mar
27%
19% Jan
8
28
Jun
11
18
Apr
24%
Feb
3% Jan
30% Jan
5%
Jan
5
Corp
10
preferred
100
-
2
3
9% July 15
50
preferred
prior preferied
No par
25
conv
Francisco Sugar Co
No par
pfd
100
F'k'n Simon & Co Inc 7%
363/4
4,000
Freeport Sulphur
Co
Fruehauf
Trailer
Co
1
preferred
127
16%
«
5%
50
34%
100
4,900
Oabrlel Co
3Va
3%
7,500
Gair
*12%
13 Va
600
10
Mar 11
Jan
5
Jan
8
Feb 16
Apr 28
17
Jan
2
36% Jan 12
140,.i/
11 Va
Sep
27% Mar
9%
May
14% Sep
21
May
1
12% Jun 11
Jan
42
Dec
12%
Apr
114
12
Jun
36% Mar
Aug
•
8%
4
-
May
28
July 15
7
3
Jan
par
5
3
Dec
Dec
Jan
No par
—No
May
conv
Feb
16%
96 Va
May
19% May
5%
39 Va
Apr
86
13% July
520
Dec
Dec
Nov
••
9 %
51
1,800
105
2
7
28
Apr
July 29
109
4
107
Dec
43%
26%
3
28
3.4%
Apr
9% Jan
6%
Jan
Jan
10% Jan
—
Feb
Jan
87
7%
39% Feb
100
4%
18 Vs
13%
10
'
Dec
Jun
Apr
29%
22% Jun
5
11 8
*
•
13 %
2
10
3,600
Jan
Apr
28
_1
10%
24 Va
July 15
43
Machinery Corp—
$7
Jan
Dec
3
Fair Stores Inc..
70
•••:
112% July 12
8
25% Jan
No par
93
8"
6
19% Jun
50% Jun
<
Sep
19%
July 15
12% Jan 27
Jan
69%
5
6% Apr
42
100
A
H
42
•
10
Foster-Wheeler
107
107
•
1
Food
4,000
"
75
36 Vs
Not
3% July
Food
19%
10%
28%
1
132
*64
36%
107
12
*18 3/4
75
1%
7
1
series
Steel
Oct
Jan
2
^
(The)—
conv
28%
400
16%
132
t5%
May
900
47%
15%
Follansbee
20
6
$2.50
Florence Stove Co.—
300
Dec
29 % Mar 30
13 -
Jan
4
5
Florshelm Shoe class A
43
16%
*128%
108 1
1,200
;
Sep
7%
33% Feb
__2
preferred
t$4.50
4%
Apr
%
21% Jan
67/a Jan
86
Jan
Corp
National
First
Flintkote Co
80
26%' v
473/4
16%
132
7,000
33%
*26
46
500
19%
109
33%
26% *
'
38
:•:
*106%
Jan
4
-20
15
Tire & Rubber
preferred
1%
5
19
Phen Fire Ins N Y
6%
400
:
Dec
8
% Jan
No par
preferred—
Enamel
,
9% Jun
14% Jun
No par
Co
Dept Stores
conv
;
Mar 26
2
$2.50
No par
t4% %
77
Oct
4
24
No par
230
52% May 19
5% Jan
3
a
"■
3% Jan
1
—5
Federated
8,500
75
35%
36%
28%
29%
*28%
29 Va
*108%
10
Federal Motor Truck
3,900
*12
10%
19
*64
800
17%
*47
-
19%
*18
18%
11%
75
*64
"■
*128%
132
130
133%
94
10,000
V.
483/4
*77/s
47
16
17
53/4
'40%
*45
12%
47%
*133
Jan
Federal-Mogul Corp
177/s
109
44~
47%
133%
3%
Federal Mln & Smelt Co_
39
34
13
"•■17 Vs
700
22%
94
1,200
48
19%
47%
17 Vs
5%
21%
94
*38
20
109%
13
*130
16%
5%
*26*
7%
16%
'
173/4
34%
44
243/4
40%
26%
7%
*24%
23
*109
109%
47%
■
4
Co
Light & Traction
$6 preferred
483/4
34
45%
,
173/4
*25
'
;
39
'
38
19%
11,100
Products
48%
17%
109%
45%
47
5%
*93%
■I
38
*104
16%
23
95
■'"<
25
16%
5%
110
*106%
<
105 Va
25
48
34%
7%
7%
8%
49
*48
*104
24%'/
15% '
39%'
20%
*26
26%
*26
16% May
1
47%
108%
20
34%
34%
1
16%
38 Vs
108%
21%
108
108
24%
16%
38
38
39
20%
21%
108 %
37
24
16%
:
'
108 %
36%
24%
22%
♦22
95
'
18%
5%
5%
24 %
363/4
;
105%
'
♦94
9
Federal
37%
24%
-
Jan
Fajardo Sug Co of Pr Rico
16%
37%
5%
8
Buffet Corp
25%
24%
10 %
5
25%
38
t
Jun
;-50
25%
25%
5% ?:f 5%
4%
•
Evans
shan
4
Cleaner
Vacuum
25%
7%
Highest
S per
16% May
RR Co—
Pitts
25%
38
■
&
Erie
25%
2%
*24% -'24%
Eureka
25
2%
15%
2,300
13%
2%
c
78
78
7%
7%
per share
9
100
12%
2%
*15%
*73%
♦73%
5%
1942
8% Jan
pref series A
3,200
•
13
3
26%
49
7%
25%
*25%
48%
$ per share
No par
lnt
12%
24%
104%
49%
benef
of
7%
25%
106
48%
Ctfs
52,100
$
,
Year
Lowest
Ito par
RR common
13%
25%
*105
12%
lErle
13
25 %
17%
11%
8,100
13
25%
18
12%
t per share
Par
Shares
$ per share
12%
127/a
*17%
12%
Range Since January 1
Lowest
Highest
;'%X7':''
13%
*23%
13
78
♦73%
78
12%
share
Range for Previous
STOCK
EXCHANGE
8%
7%
12%
*8%
8%
13%
48%
47%
13
12%
8%
13%
*8%
/
12%
■I 12
$
ver
NEW YORK
for
the Week
July 30
share
per
12%
13%
51%
50%
♦73
78
share
12%
13'A
12%
52 %
per
$
Sales
Friday
V
July 2./
Juij 23
14%
13%
14
$
STOCKS
Thursday
Wednesday
July 27
July 26
«
HIGH
Tuesday
Monday
Saturday
PRICES
SALE
4
Jan
136
Nov
<
18%
Nov
5
Jun
10 '%
22
38
Oct
45
38% July 10
27
Apr
38%
10
15%
Apr
18
Jan
6
85%
Apr
97
Nov
64
Jun
31% Jun
108% July
Feb
May
Jan
G
*3%
2%
3%
3%
3%
3 Va
13%
13%
13 Va
29%
•28%
29%
*28%
'
5%
5%'
13%
13%
*13%
"51%
51%
51 %
5%
«'
106
::
*105%
111
45 Va
8%
*144%
145
145
8
•*7%
28
27 3/4
28%
5%
5 Va
5%
13%
13%
51%
*51%
106
44%
8%
*144%
7 Vs
7%
105%
44%
8%
148
9%
10%
*105 %
8%
7%
.
23
v
13
133/i
*10
:
43%
♦144%
7Va
7%
6%
5%
6%
5%
*15
16
143/4
15%
13%
14%
'13%
96
96
94%
96'
93
933/4
91%
6
6%
6 Va
38%
38%
38
38%
41%
42%
41%
41%
115%
115%
1%
l7/s
13
92%
91
92
,
263/4
27%
27
1433/4
*140
36%
38%
36 Va
37%
41%
40%
40%
£
116%
116%
1163/4
116 3/4
;
1%
1%
1%
1%
»
}
130 -'Vv
1%
98
97%
•132%
51%
-
116
•A
98%
ta,
*
135
93
.
97I/2
"V *132%
%
54
50%
*97
s v5
313/4
5%
5 Vs
5%
5 Va
5%
22%
20'/a
20 Vs
21%
20 3/a
7
73/4
7%
73/s
112%
*1093/4
112%
*1093/4
1%
1%
1%
1%
1%
23
112
1%
21
*112
1%
57
21
19%
1%
1%
♦53
20%
20%
21
143/4
14%
14%
14%
14%
14%
87
813/4
84
82
83%
*108
*19%
20%
19%
*108
111
♦108
23%
24
24
23%
23%
♦22%
20%
22
23%
8 3/8
83/4
23%
22%
20%
19%
111
*108
23%
8'/a
:
8%
8%
8%
73%
73%
73%
73%-
12%
12%
12%
12%
11%
12%
72
72
*81%
83
82
82
82
*21
21%
20%
21
20%
48
*47%
48
*47%
2%
3
2%
3
*2%
*95%
*47%
3
2%
96%
*95%
/. 38%
42%
41%
38%
2%
2%
600
15,700
300
*47%
48
—
5,000
2%
*,*2 3/4
2 3/4
—
1%
1%
Tire
General
Gillette
3,600
'
Telephone
2,800
97
*95%
97
403/a
41
38%
41
—— ~
-$5
&
Rubber
No
No
—No
No
preferred
conv
.
$6 preferred
Glidden
4%%
Gobel
42 %
42 Va
41%
107%
v
,
7%
91
92 1
*91
38%
106%
107%
*107
7%
*100%
41
40 Vs
41%
107%
101
*100
101
*100
>
7%
73/4
90%
91
:
100%
100%
40%
3 6 34
;T:
107
106%
7
7%
:
90%
99
"•98%
900
38%
39%
37 -ifv
39%
18.500
106%
1063/4
1063/4
1063%
1,700
7
39
106%
7%
*88
100
*99
100% V
15,000
7
6%
1,300
*88
90%
6%
*88
90%
v'
90%
40
Goodrich Co
5%
Telegraph Co
(B F)
preferred
preferred
conv
Gotham
parpar
par
100
No par
No
—No
No
No
.
Goodyear Tire & Rubb
$5
par
-*1
Goebel Brewing Co
Gold & Stock
Hosiery
par
par
par
par
—100
Preferred
7
1%
1%
5% /
*12
Y
36
*25%
17 Va
31%
25%
♦147
'
1%
13/4
1%
12%
11%
12
11%
34%
35
34
•25%
26
26
>
28%
*25%
16%
29%
27%
16 Va
11%
il %
*34%
35%
*34%
35
*25%
2n
*25%
16%
28%
>
28%
16
27%
29
24%
25
150
>:r:
16%
16%
243/4
*148
*58
24
150
*148
58
62
49
49%
49%
49%
49%
47
49%
19%
19
19%
18 Va
19
17%
18%
18%
13
13
13 Va
123/4
13
13
13
13
13%
'13
'
14
4%
♦141
14
4%
///'
145
4%
4 Va
12%
•
•
4
136
143
*140
*•
7%
62
13
4%
39 Va
8 3/a
373/4
38%
37
37%:
39 Va
37/s
7
50%
47 Va
49%
•
r
47
13
:r/,;V 4
136
7%
36%
37
47
48
13%
700
Grant
-7,500
28 3%
27,500
24%
7,200
150
50
Gr
CO—
preferred
5%
163%
(W T)
Nor
Iron
*
:
Ore Prop
preferred
Great Northern
No par
Western Sugar
Great
Preferred
-t-Y
5,700
18
18 % .>';■?
11,500
13%
1,600
Greyhound Corp (The)
5%% conv preferred
13%
4,600
Grumman
4%
4,800
Guantanamo
136
Green
100
7%
'/
7%
12,500
36%
37 Va
48%
33,900
8%
4,300
47%
Green
Gulf
V
(H
L)
•
1
preferred
100
Ohio
RR
var
v
Dec
7%
Nov
Mar
Sep
46%
Feb
Jan
5%
Nov
3%
July 24
106
Apr
104
Jan
140
Dec
2% July
2
Sep
4%
3%
Oct
18% May 20
6%
Sep
9%
Jan
98% May 19
66%
Nov
16%
Apr
9% Jun
5
8% May 19
32 % May
145
4
120
May 17
i
Dec
90 %
Feb
21 Va
Nov
132
Apr
Nov
39% July
1
21%
Apr
30%
44 y8 July
15
x23%
Apr
40%
Jan
118'/a Mar
8
111%
Apr
% May
116 Vs
July
1%
Jan
2% Apr
6
Mar
61
Mar 15
110
64%
98% July 26
102
Apr
87
Oct
Jan
Oct
137
July 23
122
Apr
131%
Feb
56
July 13
30
Jan
44%
Dec
131% May
122
6
6% July 23
1
128
10% Mar
July 23
24% Jun
8% Jun
103% July
3%
8
25% May 20
.
1% Jun
4
23% Mar
15
July
91
July
24% Jun
July
Apr
14%
Nov
107%
Oct
31%
Nov
Apr
19%
Jan
10
11
Feb
79%
Jan
20
Jun
13% Mar
10
Jun
%
Mar
55%
9
Jan
109 Va May
8% May
9
23% May 29
112
5%
Sep
Apr
% Mar
14%
4
Nov
Jan
23
58% July 22
Jan
14%
Va
10%
101
112% July 15'
Jan
3%
99% Aug
A Jan
8
2Va May 10
July
30
Apr
13% Aug
1% May
36
Jan
16%
May
Dec
8
101%
Sep
28
7%
Jan
15%
Dec
3
Jan
5Vs
Nov
14
25% Jun
2
4
2
4
2
5
3
8
2
12
14
8
9
n
11
9% May 10
74
May 20
x40% Mar
•
Feb
110
Nov
61
July 15
4
Apr
5%
Jan
82% May 10
50
May
65%
Jan
22% July 16
12%
13
Oct
16
Sep
Feb
22
37%
Jan
1% May
6
v4
Jun
3% May
6
95% July
2
73
Nov
82
Feb
42% July 14
13
Jan
27
Dec
"
Jan
83%
Dec
Jan
48
101
Jun
July
44
2%
1% July
56
8
H
•
Jan
Jan
41% July 17
10%
108 % July 14
60 Vs
Jan
90%
Dec
?9
1%
Jan
4%
Nov
Jan
81%
Dec
A Sep
lVs
Nov
9% Anr
91
x58
July 22
,27
Dec
»
2% May 10
6% Apr
17
4
7
July 13
13% May 29
«
Sep
6
Mar
8%
Dec
Apr
9%
Nov
6
5 Va
Jan
36% July
8
22% May
32
Nov
26
July
2
23
25
Feb
18
Apr
1
13%
Dec
18%
Oct
32 % May 10
19%
Jun
25%
Feb
23% Jan
2
27% Jun
2
153 % May
138
53
35
3
6
7
47
Oil
9% Jun
Jan
21% Jan
15
11
22%
July
28 %
Apr
143
Jan
Jan
8
130
Apr
27
50
July
63%
49% July 27
21
May 27
25
Apr
33%
Apr
14%
Dec
13% July 16
Jan
4
17% May 4
Jan
2
Jun 11
5
Jan
2 •
Jan 19 v. 160% Jun 12
10% May 5
Jan 12 ■
10
Mar
11 %
Aug
Jan
25% Jan
10
—No par-
Sugar
&
•;
No par
No par
4
4
4
Jan
2
4% Jan
8
8
Jan : 5
7% Jan
9
29% Feb
3
24% Jan 27 >
N«
1
Co Inc
Aircraft Corp
Mobile
■
59%
31%
14%
11
10%
2%
81%
3%
100
Bay & West RR
"-nferred
Gulf
100
-
W
4%
8
48%
f:v
No pur
10
20
No par
No par
City Steel—
Granite
61%
136
37%'
'
'
1,900
47
13
4%
7%
V 48
f
136
37Va
v'r
Granby Consol M S & P—__—;—5
Grand Union w div ctfs
—No par
/
*58
47% v*
13
4
136
123/4
135
7%
73/4
8%
:
,r
140
49 3/a
8%
•
11%
1
Motors
Graham-Paige
13
18%
13
19%
*123/4
*58
2,300
46%
61%
62
49
62
28,400
4,400
-
26
26
*58
*58
5%
*11%
24%
*
*
*/;
1%
.16 Va¬ 216%
•
ll3/e
*147%
149
1%
'5%
5%
16
35
•>>*34
26
5%
53/s
15%
11%
25.%
149
150
♦147
:
17%
25
25%
25
25%
150
17
31
29%
31%
11%
13/4
-1%
1%
5%
15%
•
34%
*25%
17 Va
17 Vs
V
17 Va
1%
5%
16%
'
16%
16
36
i5/a
5%
IS3/!
5%
53/0
5%
16 Va
2
Oct
Feb
Feb
98
12
Jun
145
3%
10%
3% Apr
Jun
51
Sep
Jan
Apr
51
106
2
•
16%
14
Jan
16% Jan
15% Jan
Jan
14% Jan
4% Jan
60% Jan
5
Jan
59
Jan
14% Jan
41
Jan
A *lan
1% Jan
76
Jan
24% Jan
83
Jan
25% Jan
90"% Jan
4% Jan
80
Jan
—1
"
39%
Jan
Jan 12
Jan
7
Feb
2
8'/a
53% Apr
2
10% July 14
4
July 28
108
50
preferred
conv
(Adolf)
Jan 13
13% Jan 25
4'A Jan
2
103% Jan
5
3" Jan
2
12% Jan
2
xl04
Mar 9% Jan
4
31% Jan 28
15% Jan
5
9% Jan
2
60
Jari
2
No par
(The)
Co
2
4
5
5
2
2
2 % Jan
5
Co
Glmbel Brothers—
Jan
2%
2%
2% July
1
26
vl% Jan
100
Safety Razor
6% Jun
14% Apr
113 % Jan 22 i
20
No par
Corp
preferred
9,600
11%
No par
1
preferred—No par
Corp
Time Instru Corp
6,800
21
•
Gen
8%
72
No par
100
1
No par
i
$6 pref opt div series
General Refractories
General
par
10c
6%
6%
81
'
No
Service—
12
11
15
4
Jan
»*34
par
•
1
Railway
Gen
213%
*95%
96
900
1,300
79%
"
preferred
General Shoe
20 :'/8
1 V8
£
Equip Corp
Gen Steel Cast $6
11%
48
1 Va
Precision
1,870
82
*47%
A
Jan
93
83%
100
129
10 w ~ 44%
No Par
126%
No par
17%
No
1,700
72
•
Adv
2,400
20 %
20 3/a
48
400
23%
8
I-
Outdoor
15
20%
11%
*80
20%
5,500
19
72
11%
1%
1
*95%
96%
413/4
96%
*95%
20%
•
*71
11%
preferred
$5
Common
$6
111
8%
General Motors Corp
Gen
20%
19
22%
preferred
82%
*107
8
5%
11
4% Jun 10
Jan
Jun
2% Jan
7% Jan
71% Jan
20% Jan
130% Jan
30% Jan
t$6 conv preferred series A_No par
General Mills
No par
Signal—;
preferred
Gen Realty & Utilities
20
22
82
*81
1%
22
Gen Gas & Electric A
11
29
Jan
4
Jan
4
Mar 1
4% Jan 12
No par
i'i—No par
preferred—
t$4.50
3,800
111
*107
•
par
No par
•.
21%
*23
23%
19%
-
74
10%
48
1%
lVa
1%
1 Va
1 Va
23%
19%
8%
.*71
■
21
♦47%
203/4
8
82
.
23
111
Foods Corp
General
Gen Public
1%
Jan
No par
General Electric Co
General Printing Ink
54
21
100
3,500
20
May
No par
preferred
7%
2,700
115
16
100
preferred
cura
General Cigar Inc
Gen
'
30'/2 July 13
3
9%
51
6%
102
* 37
5%
134
:5
1%
x80%
111
t7%
5,200
7%
14%
85%
9,000
112%
20
15
88
600
2,000
21
1%
143/4
47,800
•
5%
54
55%
85 Vs
233/4
*23 Va
:;*20
*73/4
1%
*112
160
150
53
203/4
213/4
115
7,000
-
1,100
32
1%
15
'•
If
21%
*112
■
4
130%
73/8
*109
1%
88%
87
:
7% "1
112%
4
V
97%
203/4
21
160
•
135
5%
1%
55
55
534
73/s
115
1%
31%
*109
21%
1%
57
203/4
213/4
213/a
21%
21%
1%
l3/a
58
*57
22
115
20%
*112
112
1%
1%
58%
? 15
•
22%
22
115
8
1303/a
t
96
51%
>
130%
3i3/4 -32%
112%
1%
♦1293/4
7%
*1093/4
1%
58%
53
5%
7%
♦22%
52 Va
130%
313/4
4,000
1163/s
*95%
—
37,300
19% Jan
No par
No par
A
Class
150
41%
1%
♦132%
130%
112%
'.
94%
98
34%
I3/,
"
135
130%
7%
116%
-
32%
*109%
/
94%
130%
21%
40%
■
No
preferred
$8
General Cable Corp
1,200
par
—5
5
General Bronze Corp
>
Jan
No par
960
143%
11
No par
2,700
36% .37%
*132%
—
21%
22%
*112
413/a-
♦93
97%
52
37%
41%
W*
*140
Sep
50
Transportation
General Baking—
8,100
27%
26 Va
■
*
36%
947/s
135
27
143%
Jun
5
Amer
5,700
r>
1%
8
preferred
$6
v.\-
4Va May 17
14% May 26
Gen Ainer Investors
Gen
6%
K13%
2
6
2% Jan
1
Inc
Industries
Gaylord Container Corp
15% % conv preferred
200
90% >91%
5%
No
(The)
Co
Wood
Gar
Jan
1% Jan
9% Jan
No par
A
(Robert)
Inc
1%
1
20
cl
(The)
preferred
Gainewell
10
7%
7%
6Va
14%
Co
6%
2,300
10,200
/v
8%
5%
35%
6
22
7%
1,900
<■ t
148
14%
5%
35%
6
73/s
190
-
9%
14
34%
130
131%
35
7%
*144%
700
44%
8%
8%
15,300
f.
106
44%
148
•144%
5%
*105%
44%
8 Vs
148
9%
106
44 Va
143%
1%
55
54
55
543/,
*130V8
/
137
*135
137
10 Va
106
27%
95
'
98%
98
■
10
-J
52
143%
116
'
>98 ;
98
98
98
136%
•
115% 115%
'■■•A
1%
13/4
100 Va
10
44
52
39%
143%
■
52
*51%
105%
5%
13%
27%
28
*140
>•'*97
52
5%
13%
5%
610
i
28
23
14
143%
29
■29 Va
1433/4
29'/a
•140
5%
14
8%
8
148
3 Va
123/4
513/4
45
8%
3 Va
13
5%
10%
106 S
28 Va
3Va
13
-
13 3/4
-
51%
44%
8%
45
3%
3
13 Va
23 Va
•'
5%
10 Va
10 3/a
10%
*105%
3
'
13 '/a
14
"
3%
3
3Va
3
3 Vs
*13 Vs
3
Mar 3
Jan 19
Jan
4
65
Jan
2
41% Mav 12
July 28
10%
Jan
14%
9% May
1% May
Nov
-
Jan
3%
Jan
86
Sep
48%
Jan
2 Vs
Jun
4%
Oct
Jun
33%
Oct
18
50% July 26
H
23%
28%
*27%
♦36
♦36
.
♦27%
28%
*35
29
»38
38
28%
28%
*27
28
27%
27%
*35
38
*36
28
♦36
17
*17
18
17
17
600
38
17
17%
♦14'A
♦109
For
18
15
17%
17%
♦14%
115
*109
footnotes
see
15
r-
112%
page
463.
17
♦14%
*109
17%
15
112%
♦14%
110
15
110%
*14%
110
5
15
110
*14%
♦109
1,200
15
110
Hackensack
1%
'*
Hall
Printing
Hamilton
"70
6%
22% Feb
Water
preferred
class
Co
Watch Co.
preferred
A_
11
28 % July
Anr
19% May
25
13
29
Apr
35
Dec
8% Mar
13
Aug
1
38
5
oi/, .Tan
18
18% July 23
15% Jun
4
104% Mar 13
110% July 28
35
Feb
24
Jun
12 % Jan
8
Jun
11%
Nov
95
Mar
106%
Feb
I'
THE COMMERCIAL &
LOW AND HIGn
Monday
106%
*
*106%
106%
17'A
6 'A
*100%
8yB
23A
2%
•i2%
*16%
71
114
*112%
*112
24%
38%
*15%
135%
68%
113
114
80%
83
135%
66%
*135%
113
66%
*112%
19%
19%
18%
24
23%
,23%
24%
24%
37
37
37
37
16%
15
15
14%
15
15%
21
18%
*18
15%
15
>115%
38%
39
38%
*44'A
45
*44%
*56%
*110%
39%
37
45
44%
15
15'A
38'A
-
44
%
Apr
Jan
5
167
Mar
12% Jan
8
17% July
3
2
100
Motors
No
Hercules Powder
6%
cum
conv
37
43%
17
16
16%
16
16%
15%
57%
56%
56%
56%
57%
111
111'A
111%
111%
111
111
♦111
1111/*
77/a
8%
7%
8%
7%
34%
35%
34%
35'/a
2%
2%
2%
2%
♦111
7%
347/a
7%
2%
*34
7%
8'A
35
Jan
5
113
16% Jan
18
28% Jan
21
(Del)
(A)
5.
7
Jan
13
Jan
2
Jun
22
17
Apr
115% Jun
31
4iy4 Apr
J
20
t5%
No
1,800
Hudson
Houston Oil of
Jan
5
9% Jan
5
44
...100
Texas
t
105
Jan
51
Feb
3% Jan
2
30 % Jan
4
Jan
Dec
15
17
Jan
Nov
29%
Nov
7%
Dec
18%
Jan
,
12% Dec
Dec
115
Feb
21%
Oct
38%
27
Jan
39%
Oct
Jan
11%
Nov
Apr
96
May
2% Apr
44 Va
Dec
.<4%
Oct
29% May
34%
Feb
1 %
Aug
8%
30%
9% July 13
41% Apr
102%
Mar
6
Oct
Dec
12% Mar
110
Dec
48%
14% Jan
9
Nov
75%
134
Mar
11
Oet
Feb
14%
Apr
79
July 2
17
July 22
57% July 30
114
July 12
Mar 10
25
c
158
30% Mar
45
2
5
v
Dec
17% July 12
12
par
Hove Sound Co
6
36% Jan
No par
preferred
2,400
Jan
58%
125
•
8
12.50
No par
Household Finance
18,600
1%
94%
8
115
Nov
Apr
•21% May 10
25% July 13
40% July 2
100
Houdaille-Hershey cl A
8'A
6
...No par
preferred
Class B
14% Jan
>
8%
■
Jun
July 28
10
33%
33
100
par
Homestake Mining
900
.
July 15
'July 14
.10
>7,100
-
71
The
Holly Sugar Corp
300
16
57%
136
__1
(C E)
Hollander & Sons
8,500
:•
87
4
9
Hinde & Dauch Paper Co
Holland Furnace
1,400
38
43%
5
May
Jan
Hires Co
7%
44%
73
49
No
2
Dec
May
May
141% Apr
10% Apr
130
Jun
Jan
88
%
100
Jan
Jan
45
par
...No
preferred
900
14%
par
Jan
4%
79%
No par
preferred
Hershey Chocolate
$4
152
Jan
16%
5% May
9
Preferred
Hercules
146
80
2
118
38%
*43%
3% May 10
110% July 23
71
104
Apr
3% Mar
10% May 28
6
W)
400
•
.
>
58
34%
8%
35
38
14%
9
2
1,200
.
15
*115%
jan
Apr
Apr
12%
Jun 15
;
20
400
23%
38%
118
7
__1
102
1 % Jan
200
19%
23%
15
♦115%
2
56% Jan
100
16%
58
111
15
118
Jan
93 % Jan
40
*57%
16%
16%
16%
57
14%
*115%
118
86
-
2
(G
'
15%
118
7% May 29
25
2,400
,v
*36%
15
5
v
Highest
$ per share
X126
25
1,900
115
37%
98
18% July 6
144% May 14
tHazel-Atlas Glass Co
20
81%
*112
107% May 15
6
3
4% Jan
1
100
6
Feb
13 y2 Jan
135
-
1942
[ per share
Helme
»
65
115
99% Jan
par
100
$ per share
270
138
*62
No
Year
Lowest
200
16
80
*135%
$ per share
No par
Refrac
Hayes Mfg Corp
7,300
>160
81 %
138
Co |5 pfd
Hayes Industries Inc
.3,500
67
67
"64
40
2%
(M A)
preferred
Corp of Arner class A
6%% preferred..
'
108 %
15%
23%
16%
8%
80%
136
%
*155
37%
57
35
16
*19%
15%
45
♦110%
160
16
15%
23%
♦115%
39%
39%
21
2
Range for Previous
Range Since January
Lowest
Highest
Hat
900
8
'
*66
67%
38
*15%
15%
120
*44 %
♦112%
*37
16%
15%
*115%
♦155
15%
83
-
114
'
23%
24%
38%
160
V 68%
*19%
21
*20
136
136
V. 71
*68
*155
16%
!,
82%
83%
*135%
136
*68
*65
108%
6%
103
107
109%
67
158
16
83%
83%
83%
*135y8
16%
2%
108
67 ya
158
16
17
2%
2%
2%
67
■anna
Harbison-Walk
3,800
6%
*7%
8%
107
*66%
159%
159%
165
*159
8
7%
V
*
STOCK
Par
60
17%
*101
YORK
EXCHANGE
150
6
102
102
NEW
Monday, August 2, 1943
Shares
107
16%
*145
6%
109%
109
-67
67
68%
*67
108
*106
17%
150
*6%
the Week
$ per share
107
17 %
*145
6%
7%
2%
2%
2%
110%
110
noy2
150
6%
8%
*106
16%
y2
♦100%
_.
7%
8%
■
i6
6%
*100%
107
♦106
*145
Sales for
July 30
$ per share
$ per share
16%
150
6 %
6 Va
*100%
8%
8'A
July 28
106%
16%
*145
150
6 ya
__
*110
17%
♦145
6%
106%
107
16%
17%
150
STOCKS
Friday
Thursday
July 29
Wednesday
$ per share
share
PRICES
SALE
July 27
$ per
$ per share
*145
Tuesday
July 26
Saturday
July 21
FINANCIAL CHRONICLE
5
Feb
106
Sep
'
*2%
2%
2%
8%
8%
26%
26%
26%
25%
10%
10%
9%
10%
1%
1%
1%
9
!
13%
14%
*30%
31
29%
30
46%
47
46 Va
47
10%
10%
19
19
14%
14%
11
♦10%
,
19%
19 %
7%
7%
*7%
8%
25%
26 %
25%
26%
5,800
9%
9%
9%
9%
9
9%
15,400
1%
1%
1%
1%
1%
1%
1%
11,100
13
14 Va
28
29 Va
46%
10%
10%
9
9%
*9%
18%
18
18%
17%
41%
42%
41
41%
41 Va
41%
41
42 Va
42%
42%
96
94
95%
*168
175
*168
'
93%
92%
93
93
93 %
92%
93
175
175
*168
*168
175
76
77%
75%
78
13%
12%
13
12 Va
12%
v
12%
13 Ve
13%
13%
13%
27%
28
28
26%
27%
*46
46%
46%
46%
:
Illinois
6%
9
36
*35%
V 9
9%
870
1,600
Industrial
*168
•>
;
i:7 1,500
71%
71 Va
176 Va
176
2%
2%
18 %
18 %
*64%
65 V*
5%
17%
175
6%
138
32%
:
12%
12%
11%
62 V*
62%
32%
•7,600
*7%
8%
8 Vb
8 Va
2,300
Insuranshares
1,500
Interchemlcal
*10
•V
16%
Inland
3,300
*30
4%
11%
11%
11%
58%
58%
59 Ye
59 %
9
9%
65
42%
42%
42
42
*41
37%
38%
38
44%
44%
45
45
*106
120
*106
15%
120
14 %
15%
15
14%
14
120
14%
is %
14%
15%
16%
14%
*33 %
*85%
*132
30%
*29%:
C
•
15%
14'/a
14%
*108%
109%
15 %
15%
15%
30
30
30
140
*135
140
14%
86%
33
84%
86
132
25%
62% V 63
14
14
32
,
132
23%
24%
14%
32
32%
*107%
112
*108'A
82%
84
83
134
*130
*130
23%
24
.15%
15%
>
12
15% Apr
6% Jan
27
21% Jan
28
1
..No
par
par
100
No
par
-JVo
par
15%
14%
33 %
33%
112
*108%
81%
134
134
24%
23
-
1,600
;
29%
140
$6
"
24%
62
62%
*61
62
62%
>60
62
77
78%
74
77
*74
75%
*74%
76%
72
74
12
1,200
11%
11%
12
11
11
♦li
12
11
11
1,100
2
y
500
V
8
40
:•
:
%
l7/e
1
Apr
Dec
Dec
-4%
Nov
5
24 Va
Apr
July 14
126%
Jan
7%
Dec
15%
62 %•
43% Mar
5
July 14
Jan
12%
57
Apr
30%
136
Oct"-
Dec
Jan
60%
Jan
4
11
1%
Oct
3%
Nov
11
71% July 12
30%
Oct
46%
Jan
July 16
48%
Feb
32
Feb
11% Jun
par
39
Mar
'Jan
4
44 - Apr
5
38% July 26
39
28
26
May
36
Jan
7
48% May 19
26
Jan
15
May
May
Jan
7
102%
6%
6%
9%
No par
Jan
par
10% Jan
4
27% Jan
July 14
16% May 10
1
Co
135
7
26
Jun
18
Jun
32% Apr
12
Feb
16% July
...
34
109
par
70
Jan
21
100
No
19
96% Mar 30
126
Jan
27
Jan
7%
Nov
Jun
10%
Nov
95
7%
Apr
Apr
24%
Apr
•
.
127
Apr
5%
8
'i
Jan'
',11.
32%
138
,
Jan
10%
Nov
Jan
85
May
107%
2
50% May
73 Va
122
19% Jan
7«
26% Apr
6
100
54% Jan
7
65
Apr
100
64% Jan
8
82
Apr
6
—1
8% Jan
4
12% Jun
25
10
xl2% Jan
19
City P & L pf ser B__*_No par
City Southern
No par
122 % Feb
2
5% Jan
2
10% Apr
8
Jan
13
6
7% Jan
6
29% Apr
12% Jun
25
Jan
17% May
53% Dec
•
5
61
129
Jan
Deo
Nov
Ji 24%
Jan
64
Jan
79%
Jan
11
May
7% Aug
-
Jan
33%
18% May
9
July 21
Dec
Nov
July 14
dVo par
Co
Nov
V.-
July
89% Jun
136
Oct
7%
Jan
6%
10
100
Oct
104%
2
3
145% Jun
39%
88 %
2
-
•
1%
1,9
5
& 9% Jan
1
No par
110
5
Jan
94
16% May 10
16% Jun 29
14
No par
No
115
7
Jan
90% Jan
1
Stores
preferred
Mfg
Dec
July
3% May
38
Jan
61
166
% July
Mar 25
13% Jun
*
151%
Apr
May
147
Feb
Jan
Jan
3% Jan
prof series A
pref series B conv
5%
Jan
10%
37% Jan
No par
Manville.....
5 %
Joy
Feb
•
23%
■
*61
6%
No par
50
Jones <3t Laughlln. Steel...
19,000
28
36 % Apr
2
45% Jan
Feb
Jan
100
__._No
...
Corp.!....:
Preferred
50
July 14
138
Dec
12%
No par
Jewel Tea Co Inc
134
8% Jan
________________100
Jarvls (W B)
5
12
163%
111%
July 2
6% May 11
9
Apr
.100 *
r_.
& Teleg
1,200
Johns
3% Jan
28% Jan
Jan
Oct
67
130
Feb
Dec
100
5% May
109% Mar
July 27
19
16%
:* 35
74%
4% May 10
5
5
100
2,600
2,700
% Jan
Sep
Apr
Apr
18%
6
74% Jun
9
15
Silver
15
83%
174
177
Jan
8
preferred
4%%
144% Jan 20
56% Jan ,20
1
...
33%
112
2
11% Jan
Island Creek Coal..
700
9% Apr
Jan
55 Va Jan
2.
preferred.
Intertype
6
Oct
4% Oct
100% Aug
5% Apr
Mar 29
162
No par
Salt.j.
Preferred
6
Mar 29
9
5
Foreign share ctfs
10
38% July
115
Nov
Mar
8% May
5'/2 Apr
1
21
Jan
9%
23%
42
May
July
54
8
8% July
100
Interstate Dept
4,000
168
17
6% July 28
25
Chem
preferred
Intern'l Telep
108
No par
Paper Co..
preferred
International
7,500
15
*135
700
80%
*79%
July 23
78% July 24
153
5
6
Jan
..No
International Shoe
178,200
109%
29%
83%
24'A
\
12
*63%
74
100
International
500
*15% ; >16
30
*135
112
21
7
Inc.
Mining Corp
conv
1%
14
;
14
5%
1,500
*108%
16
30
32%
10%
28
preferred
>5%
120
14%
15%
109 y2
*107%
33%
112
45%
14%
15%
13%
144
*139
133
24%
26
64%
15%
15%
*108%
16
'45%
*106
15%
15%
144
*107%
134
25%
15%
'
16%
38
19% July 22
44% Jun
100'A Apr
u Jan
Inter Rys of Cent Am
290
43%
*37
2
6
lu
Nov
1% ApS
;
Jan
19
International
1,700
2%
6
11% Jan
62
Dec
5%
;
Jan
88
Jan
158% Apr
tPreferred
5,200
>•
9%
64%
*40%
•
109%
♦108%
58%
May
20
Int Nickel of Canada..
20,900
13
23%
May
32% Feb
Hydro-Elec Sys class A
Internat'l
300
9
5% Aug
.
5% Jan
13
32%
par
'
*106
15%
57% •
9
38%
45
9,700
34,600
11%
63%
43%
38%
*6
Internet Min &
4%
Jan
....100
4,700
137
11 Va
9%
38%
30%
86%
"'
64%
47
♦139
;
33%
*132
9%
64%
'
4
100
:
5,500
31%
30%
••
137
38%
16%
"
112
86%
31%
138
May 10
par
Business Machines
4%
6
5
48
No
t Preferred
200
16% May
31% May
7
-ft J|an
par
preferred..
Int
•
7
2
Jan
Jan
Jan
No par
Internat'l Harvester
420
16
63%
4%
12 y8
60%
31%
*136 y4
»
2%
*61%
5%:
12
30%
138
64
109%
15%
*33%
5
11%
9%
■
*15
63 Va
Int
5,600
•
Jan
37
%
2
No
Co..
Interlake Iron
500
<
V
176
15%
17
*61
68%
2%
30 %
■
*107%
16
2%
6%
12,600
■
Steel
8
18% Jan
1000
Intercont'l Rubber
2,500
165%
67
175%
58%
120
100
100
Inspiration Cons Copper
120
8%
176%
2%
4%
8Va
69
-
■
7 Va
165 Va
*136%
67%
14%
31
144
17
64%
68%
176
34%
115
7
8%
166
32
9ya
15%
16%
*139
17
67 y4
*108%
16%
109
16%
2%
*61
5
9%
14%
14%
14%
17%
64
2VB
8%
166
42
*106
14%
109 d
2%
68%
*46
120
14%
69%
176
34
*114
/■'/
7%
38%
39
47
*106
68 ;
176
35 Va
114
7
8%
167
,'.V
42
42%
*38%
8 Va
9%
69
*45%
69%
34%
114
7 Vs
*162
*67 Va
10%
;
69
*42
114
6%
9
138
V
Jan
Corp
34%
*113
*8
30%
62%
11% July 12
2% May 10
3%
2
£
Ctfs
34%
*136y4
12%
60% i
2
Jan
•
74
12%
4%
137
136
4y2 Jan
1
preftrred
72%
177
64
Apr
No
13
.2%
5%
16%
A
Rayon.-
74%
8%
*17
64 Va
5
31%
33
137 %
18 %
64 %
v
5%
32%
*
2 V4
17
29% Mar 30
Ingersoll-Rand
12%
167
176%
2%
•;
series
74%
7%
68%
176
ctfs
12%
S%
71%
70
176%
RR See
75
114
*163
169
*16o
170
18
10% Jun
7
Indianapolis P & L Co
1,900
/>
<•
74%
7%
9
8%
9%
168%
2% Jun
8
100
17%
8%
*113
7%
7%
7%
*7%
7
4% Jan
22'A Jan
Co
9%
175
% Jan
100
4%._
34%
34%
114
114
115
*112
35%
RR
lines
12 Va
H-V- '■< 8
9
*8%
35%
Central
17%
9%
18
100
No par
...No par
...
preferred series A
Leased
'
*8%
Manhattan
Hudson Motor Car
420
13
&
preferred
Bay Min & Sm Ltd.
vJHupp Motor Car Corp
2,400
46%
Hud
16,100
27%
*46
> *168
-vV*i
78%
5%
600
r,/
41%
93%
*18
42%
13%
2%
7%
25%
26
46%
<
96
78%
2'A
>7%
25%
1%
"8'A
2
10%
9%
1%
7%
7%
26%
2%
Jan
K
19
18%
19
130
*125%
8%
*125%
26%
*11
26
V
11%
12
*100
102%
*14 V8
108
130
7%
25 Va
11%
i 102%
14%
14%
*107%
18%
*125%
8
*100
15
*107%
130
177/a
26
7%
8%
*26
18%
108 Va
7%
*110
24%
24%
25%
25%
11%
*10%
*100
33%
*19%
11
11
*10%
11%
102 %
;
14%
*108%
22%
22%
14
15'
113
*110
5%
113
14
*101
22%
22%
13%
14
*110
113
22%
14 %
*110
22%
14
14%
113
.
*110
31%
31%
31%
32
31%
*19%
19 Va
19%
19%
19%
19%
33
39V->
32%
5%i
33%
6%
34
5%
33
6
5%
54%
57
54
56
53 Va
23%
23%
22%
23%
22%
*8%
9%
*8%
9
:
8%
8%
8
5%
5%
*32
6
5%
56
23%
23%
8
*8%
9%
31
31%
31
31%
30%
30%
30%
30%
31%
30%
31
30%
31
7%
31
31%
14
14
v
63%
26%
*13%
14
14%
14
14
60
62
59
59%
350
23%
24%
25
25%
24%
25%
4,300
37 %
27%
18%
38
*17%
187/a
36%
36%
26%
27%
118%
118y8
>115
26%
27y2
119
*18
37%
26
*117
18%
37%
26'/a
119
17%
~
17%
37%
37%
26%
119
26%
119
-
380
•
Lane
Lee
2,300
30
7
6%
6%
6%
6%
6
6%
5%
6%
6
1%
1%
1%
6%
8,500
1%
1%
1%
1%
1%
1%
1%
1%
8,900
17%
32
16%
31
17%
31
16
16%
15%
30
30%
29%
20%
20%
19%
20
20
33%
34
33%
33%
33%
41
7%
For
41%
40%
40%
39 %
7%
7%
7%
7%
footnotes
see
page 463.
16
30%
16 %
17
16
16%
4,800
29%
30
29%
30%
..4,200
20'/a
20 Ve
.
19%
20
19%
19%
20
1,800
33 %
32%
33
32% " 33%
33
33%
1,900
40
38%
39%
39%
39%
37%
39
7%
7%
7%
7%
7%
7
75/#
5%
900
1%
17%
Laclede
1
5,600
39,500
Gas
Lt
-No
Portland
Lehman
Corp
Lehn & Fink Prod Corp
Lerner Stores Corp
Libbey Owens Ford G1
Libby McNeill & Libby
1
No par
7
,
4
29
Apr
7
1
f
7
2
7
4
4
'7
6
Dec
Jan
100 V2
Sep
Dec
14 %
Dec
Apr
Jan
Jan
11%
103%
...
5
9
Dec
105%
•.26%
Jun
37%
Jan
11%
Apr
15%
Dec
24 Va
Jun
29
Jan
-
•„
1%
30%
:
17
:v
2%
—
Jan
Jan
2'%
Sep
40%
Feb
Mar
22%
Jan
3%
Jan
Jun
Feb
19% May
27
22 %
29%. Jan
Apr
Jan
16% May 21
7%
Apr
Apr
13
21%
11%
Jan
18
Dec
11%
Dec
7
19% Jun;- 18
7
27
Jan
4
29
July 17
120
July 20
14% Jan
6
23% Jan
8
31
Jan 12
5
Jan
2
,
72% May 21
26% Jan
12
81%
29% Jun
<11% Jan
Jan
Feb
-May
3
31% July 16
32% May
11%
.4%
58% July 29
4
Apr
100
July 15
6% July 26
23% May
10% Apr
Nov
10%
34
13
Jan 12
Jan
2
Jan 11
Jan
4
Feb 26
Oct
29%
7
35% Apr
8
20% July 15
Jan
Jan
Oct
7%
May
93%.July
24
Jan
13% Dec
124
Jan
6
16% May 11
113
2%
16
-
5
Jan
Jan
24
5
par
28%
15 Va
25
1%
34%
18%
2%
23%
24%
20
No par
50
No
' Jan
Jun
107% Jan 27
2% Jan
2
liJan
2
11% Jan
6
par. '
5
100
50
(The)
192
16
Feb
117;.,: Mar
>
v
24% May 11
35
25
Cement
preferred
tLehigh Valley RR
Lehigh Valley Coal
5% conv preferred
conv
2
5
;
109% July 27
17% Jan
No par
Tire
1
9% Jan
100
100
....
Bryant__'Ji____iU__
Lehigh
4%
1
.No par
..No par
Co St Louis
(The)
Rubber &
-
10"
preferred
Lambert Co
par
:__No par
Co....
2
2
8% Jan
..No par
(S S)
102% July
Jan
15% Jan
±-No par*
Keystone Steel & W Co
No
May 24
103% Feb
83
Kennecott Copper.:;...:..
Kimberly-Clark.:
Kinney (G R) Co
$5 prior preferred
-
19% July 20
125 Va
11V4 Jan
y
.1
300
,
67/a
32
100
5
;
par/-
B_
Kroger Grocery & Bak
13%
*17%
__1
Kresge Dept Stores
Kress (S H) & Co
62
19%
20
.1.
Class
5,300
13
38%
100
preferred_100
Kelsey Hayes Wh'l conv cl A
.1
2,100
.
60%
19%
120
;
v;
14%
-38%"
5% conv preferred
Kayser (J) <fc Co.
Keith-Albee-Orpheum
Kresge
62
19%
27
950
26
38%
*118%
31%
preferred
1
Kaufmann Dept Stores
1,200
31
30%
4 %
3,900
8%
30%
,
V
62
*19
28
Va";
25%
*38
120
'18,400
55
23%
31%
63%
5%
5b Va
23
31%
26
400
5bVa
31%
65
2,000
;
33%
22%
31%
27%
40,900
56
i
*31%
*27
:
32
19%
Kansas
Kendall Co $6 pt pfd A____.No
4,100
,
32%
-r
15
1,500
14%
113
19 Va
23%
*119%
22%
31%
:
56
15
40
20
23%
27%
60
800
13%
„
33%
34
200
^
20
*33%
49
*63%
102
13%
*108%
22%
8,600
■7 900
12
102
14%
Kalamazoo Stove & Furn
Kan
24'%
*11
*108%
3,100
:v
77/a
24%
102%
14
17%
.130
7%
-
32%
20
4%
102%
*13%
109%
15
33%
102%
14 Va
108%
23
34%
*33%
17%
*125
25%
14%
>"
17%
130
7%
22%
*110
17%
*125
7%
15%
113
130
7%
'
*15%
17%
*125%
7%
23%
*23
16%
39
July
1
8% May 19
1
2% Jun
20% Jun
32
8% Mar
15%
Apr
18% May
104
Aug
•••
41%
May
Sep
28
Dec
23%
Jan
Jan
Jun
4
Jan
Dec
2%
113
1%
Jan
5
8%
Jan
15% Aug
July 14
17%
Apr
25
Dec
22% Jun
26
36 % Jun
7
43% July 15
8% Jun
17
11%
Apr
14 %
Aug
18
Apr
26%
Dec
Jan
33%
Dec
Mar
5%
Jan
20%
4
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4199
158
LOW
67
41
41
40
40
68%
68
68%
66%
67%
66
71
71%
70
71%
69'a
70
69
181
180
*27
67,/,.
69
69
180
67
180%
180 Va
67
70
580%
180%
26%
26%
26%
27%
*24
26
26
38%
36
37
35%
36%
36
37
36
42%
41%
40'a
41%
40
40
40
40
v:
*24
42%
19%
20%
19%
20%
20%
21%
20 %
21%
20%
21
20
7,400
20%
20%
21V*
20
20%
20
20'a
19%
19 Va
19%
20/
19%
20
20%
20%
18%
19%
18%
19%
18%
18%
19
19'a
18%
19%
63%
64'/a
62
63
59
62 %
60%
61%
59%
61%
50
50
49%
50
48
49
47
47%
47
47
9
9'/a
9
■9%
25%
64
v' *42
64%
50
50%
*10
.10%
Lone
Long Bell Lumber a
25
25 Va
25%
25%
25
Loose-Wiles
20 Va
19%
20 Va
19%
19%
19%
20
19%
'20
,f
162%
162%
161%
162
4,200
Lorillard
i
>
165 %
*162%
165%
162%
162%
162%
162%
*21%
22%
*21%
22 Vb
22
22
21%
21%
21%
21%
76
75 %
76
71
73%
72%
73%
*75%
.
73%
72%
Corp
Jan
74%
Jan
May 27
32%
Feb
25% May
9% Jan
11% May
37%
Nov
4
283a May 27
Jan
7
44
Jan
19
43
Jan
4
25% Mar 29
par
42% Jan
37% Jan
6% Feb
7
11
64% July 24
51% Jan
6
37
31%
185/8 Jan
13
Co
177
16%
148%
153a
593/4
100
Louisville Gas & el a
No par
Louisville & Nashville
100
Jan
2
21% Jun
Jan
Jan
12
6
Jan
.8
8
29
July 22
Jan
2
135
Jan
12%
Dec
24 Va
Jan
46%
1
Oct
16%
Dec
163% July 22
22% July 19
79
July 24
42%
7%
Dec
15
Mar
11% Apr
128
Mar
5
Jun
2% Mar
11% May 10
'273AMay 6
20% Jan
10
*
4
Dec
23% Nov
14% May
No par
Jan
164% Apr
16% Apr
22 Va Jun
July 17
5
1,700
i
73%
Apr
6
.
No par
1-25
Biscuit
(p)
33
50'/a
Jan
preferred
7%
110
Cement
181
t per share
20
Mar
50% Apr
16% Jan
300
21%
*21
Star
3
Jan
July 26
71
July 15
73% Jun
4
July 20
21% July 27
21% Jun 26
-
No par
Loew's Inc
1,800
26%
20
|79
No
7,200
3,000
41
Highest
$ per share
r—1
Refining Co
2,100
-
;
26
*162%
78 Vs
No par
17,300
26%
20%
20
Liquid Carbonic Corp
Lockheed Aircraft Corp
-
*26
27
*26
9%
8%
9%
9:
9%
8%
!Y
.
Lion Oil
No par
Belt Co
4
2
Apr
22%
24
34'a
12va
15%
,__No par
Link
4,100
42%
■.
Lima Locomotive Wks
3,900
1,400
•
174
No par
Lily Tulip Cup Corp
400
••
'
,
Jan
Year 1942
Lowest
$ per share
62% Mar 25
63% Jan
100
tPreferred
v
30
25
Series b
110
36
41%
5
--,25
Liggett & Myers Tobacco
2,700
/
26
38 Vb
:/
38%
Life Savers Corp
1,500
,z
t per share
Par
Shares
40
*69
40%
Range Since January 1
Lowest
Highest
exchange
700
*38
26%
27%
38%
181
180
180
181
Va
66%
69%
40
68%
*38%
Range for Previous
stock
new york
the Week
$ per share
40
39
40
181
$ per share
Sales
July 30
July 29
$ per share
for
Friday
Thursday
July 38
t per share
$ per share
:"■$ per share
stocks
HIGH sale prices
Wednesday
July il
July 26
July 24
AND
Tuesday
Monday
Saturday
459
19'/a
Nov
16%
Nov
Jan
153
Dec
11% Apr
18%
Jan
55% Sep
76 Va
Jan
'
m
*26%
*133
*133
138
36 vb
297/a
29%
29%
297/a
*13 >/2
*13%
14
19%
*26 Va
*133
34
28 3a
29 %
28%
14
13%
18'A
-
*10%
18%
107/a
3%
3%
3%
5%
6%'
5%
6%
107/a
*10%
10%
19%
18%
18%
3%
3%
3%
4
6%
6%
6%
6%
35%
28%
.:•*
183A
Macy (r h) Co Inc
Madison Sq Garden
13% V
18%
Mack Trucks Inc
5,400
28%
13%
320
*280
7 6%
7%
*10%
10%
18
*17%
18%
"
5
700
:
7% V
Manati
Sugar
100
Mandel
18%
500
6,300
"
3%
3%''
3%
7v 6
6%
5%
6% t
14%
15%
15
15%
15%
14%
16%
16%
16%
16%
15%
16%
15
153a
15%
16%
z'15%
20%
20%
18%
19% v
18 %
19
18%
183/a
18%
19
16
16
6%
Maracaibo Oil Exploration
5%
5%
39%
393/4
*39%
30%
30%
30
30
29%
30
24%
24
24%
23%
23%
233a
23%
24%
*173%
.
6'/a
*173%
*733%
55%
54'A
54%
6%
5%
6%
5%
5%
53a
30%
30%
30'a
*30
32%
*30
*105
*105
*105
21%
21%
20%
21%
20
21%
20
16%
16%
16%
16%
16%
167/a
16
16%
28%
*27%
15%
241/4
10%
10%
*113
85
77%
110 Va
23
23 3/4 i
2,700
Mathieson
2,200
May
4,100
Maytag Co
$3 preferred
:.
1
3%
8%
/
9%
34
34
33
40
40%
40
28%
27%
27 va
27%
32
31%
32
31%
15%
153/4
15%
McCall
McCrory Stores Corp
preferred
-100
5%
25%
25
22 3/8
213a
22%;
114%
114%/
*114
114%
'9 Va
8%
9%
*80
85
75
75
*32%
:
9%
33%
33
Y-X
Corp
9%
93/4
40
9%
39 Va
27%
26%
31'a
31
10%
10
10 Va
397a
39%
39 3/4
39 Va
39%
Melville Shoe Corp
660
26%
27
27%
,*26%
27'A
900
31
32
32
93/a :
9%
32
32
5%
7%
7%
7%
7-%
73/4
7%
7%
23%
24%
23
23 Va
23'a
23%
-23%
23%
29%
29
29
28
28 %
*28 Va
29 Va
28'a
29 v:v:
6,600
:* 1,100
*127
127%
126
126
125
125%
126%
*69
70%
67 Va
69 V4
127
...
68%
69 %
126
*66'A
70
*1253/8
68
68'a
*107%
109
*107%
109
*106
109
*105
113
*112
113
113
113
*112
113
6 Va
7%
7%
67/a
*97
99'/2
*94%
97
*24
24%
23%
24
28%
28%
87
*115
116
116
*120
125
*120
*112
113
112
112
*115%
90 3/4
500
$6.50
22%
23%
7,800
Mission
2%
82%
115%
111%
111%
45%
47%
44%
35%
*34%
46%
45 Va
34 Va
343/a
*333/4
23%
21
22%
21
21%
21%
15%
14%
15'a
14
14%
143/4
18%
17%
18
17%
17%
17%
28
29
28
28%
283/a
28%
5%
5%
5%
5%
5%
-
5
5%
53/a
5%
200
Morrell
(j)
21%
6,510
tMorris
&
14%
2,100
Mueller
*70
75
*68
75
*68
21%
*20
21
21
21
*20%
4,500
Mullins Mfg Co class
21%
78
*77%
77%
77%
76%
77
75
753a
*75%
76
115%
115%
*115%
116%
*115%
117
115%
115%
5%
72
21%
*73
75%
*21
*17%
.
116%
11
10%
41
116%
10 3/8
10
10%
42%
41
103/8
53/8
72
*20
20 3a
200
75
75%
1,200
*115%
10 Va
10%
40%
40'A
*1 Va
■1%
*1%
*1%
1%
1 %
1%
1%
*1 Vs
12%
12%
13
11%
12%
11%
11%
12
12%
11%
12% r.
36
35
35%
34
34
34
34
34
34
16%
16%
16%
16%
17
17 Vs
16%
17% <:4
10
10% I'¬
11%
ll %
11%
12
1%
37%
36
17%
17%
16%
17%
10%
10%
9%
10%
*37
22%
9%
9%
9%
9%
11%
11 Va
11%
11 Va
11%
11%
11%-:
12%
11%
12
11%
11%
11%
12%
175
14%
14%
19%
9%
9
9%
27%
22%
175%
19%
19%
20%
9Va
22
*174
22%
22%
♦174
27%
8%
26%
28
26%
19%
20 Vs
12
12%
11%
12
12%
10%
*10 Va
33%
33
24
24
10 Va
10%
17%
:
21
*33%
6%
63%
.13%
■
♦148%
149%
21"/,".
34
•
:
v;
v
20>»/b
.
12%
13%
10%
*10%
10%
31%
31%
32 %
23%
24
24 z v: •>:•;.
10
,
9%
9
87
87%' '
16%
16%
174
174
v" 148%
149
193/4
20
333/4
333a
1
■
20 3a
u,
6%
,f
63%
v
>1!
133/4
:
6%
60
12%
.
U'9%
*87%
\88
16%
.17
175 z
174
149%
149%
149 >
18%
33
33 %
*313a
•
vl9%-;
19
-6%"
59% z
58%,
59% (
13
13%
12%
13%
72%
73
73 :
823/4
81%
82%
6%
6 %
6%
5%
5%
93/8
9
9%
83a
18%
17
18 Va
16%
23%
24
9%
17%
24
23
23
*54
56%
111%
♦543/4
'i
53
111%
110
56
;
...
17%
9 r
18%
..
253a f
1,800
73
73% t
860
/
81 ••
81
240
'
•-•5%'
•
9%5z
54
*22%
24
*22%
18% z
24 ,.:z
♦93'a
*93%
»93%
;9
•
25 %"'
6%
53/4
*110
25%
98%
*93%
*53- ■•••>
*54%
55
110
*110 va
112%'
9
-
110
110
24
31%
'
110 va
32%
32%
323/4
31%
32%
31
31%
16
15%
15%
143a
153/a
143/4
14%.
15
15'a
16%
16 va
16%
16%
16%
17
17%
16%
17
*99
100%
99
99
*99
99%
99
39%
38
38
37
38%
36%
37
18%
16%
17%
16%
17%
16%
17
17%
For
footnotes
Neianer Bros Inc
4% %
400
see
page
463.
100
100
*36%
17%
100%
38"
17%
*99 Va
.
16
17%
98,900
New York
6
30 %
Jan
Apr
7 Va
Jan
12% Mar
19 Va
Dec
9% Apr
4
—
i
Brake-i.
Central—
24
5
"8
26 Va July 14
6
31% Jun
7
4
8
19
128
7
'
76% May
110
May
23 Va
Oct
88 %
Apr
108 Vs
Nov
35%
Jan
59 Va
103 Va
Jan
108
Oct
*107% May
1% May
111
-Oct
6
Apr
21
113% Feb
4
8% Jun
14
2
17
13
>16 Va
...
July 19
,
—10
—40
100
100
10
Dec
98
July 23
57Va
Jun
67
Mar
25
July li?
8%
Apr
14%
Nov
3% Mar
2
iTa
4
Jan
6
1%
12%
1%
Jan
28% July 23
Feb
11 % Apr
4
12
4%
Oct
Oct
18
Oct
91
Jan
Oct
110%
Jan
50
July 14
23'/a
Apr
34%
Dec
3
28 Va
Dec
48 Vb Mar
53
15
62
111
5%
34 Va
/
92% Jun
Jan
30
Mar
37
'
17
5%
18%
9%
14%
6%
9'a
7
12%
Dec
5
6%
Jan
11
Oct
18% Apr
7
9%
Apr
12%
Nov
Mar 29
20 Va
Aug
Sep
25%
Jan
17
31
"
x25%
17'a
6 70'a
Jan
Jan
Jan
7
Jun
3
2
77
Jun
25
50
Jan
63
Feb
26
11%
Jan
17
Dec
69%
Jan
49
77% July 21
Feb
1
4
5
Oct
Apr
5%
Nov
Jan
8%
Dec
6% May
9%
13
May
140
May
12 V8 Apr
3%
7
11
28% July 16
12%
5%
Apr
14 Va May 26
4%
Jan
Nov
9%
Dec
Dec
15% Aug
7% Nov
8% May
10 Va July 14
Dec
20
Sep
21% July 23
Jan
16%
Jan
Oct
166 Va
Jan
6%
Oct
16%
9%
Nov
34% July 12
17%
Apr
26
Sep
25% Jun
14 % Mar
18
Nov
Jan
4
88
Jan
2
May
Jan.
Jan
5% Jan
14% Jan
6
16
'74%
37:
106%
26%
10%
16
95 Va
27%
10%
111/4 Jun
Jan 13
Jan
6
Jan 13
Jan
Jan
Jan
9va Jan
.
Oct
Nov
19%
5%
24
Jun
July
7
29%
Jan, 14
Jan 15
Jan 12
57
62
.
'
3 Vb
Dec
Jan
14% May 10
,
4 2% Jan
.*;
10
Feb
3
July 20
21% Jun
Nov
16 Va May
13 Va May
July 16
174
7
6%
39%
I
7
29
23
Dec
Jan
Jun
3%
1% Feb 11
15VaJun
113
4%
27
40% Apr
Sep
Jan
30%
11% July 19
44
3%
May
108%
116% July 28
4
4
2
Jan 13
Mar 16
14=
; 160
137
;; 14%
30%
>
2%
v 52
\
29% Mar
23 % Jun
Jan
7
Jam 5
Apr 13
July 3
Jan
2
Jan 12
Jan
Jan
Feb
Jun
27% Jun
1
Jun 18
6% Jan
2
23% Jan
2
/
--No par
—No par
3%
Dec
Apr
1
No par
Oct
102%
serial preferred—^100
(j j)preferred series a
York Air
Oct
34 Va Apr
7
New
7,100
33%
8
1,300
16%
100
<
29
Apr
Dec
14
1,200
3,500
13,800
Jun
21
12 Va July
—100
Newmont Mining Corp
10
Newport Industries
1
n'port News Ship & Dr Dock
1
$5 conv preferred
No par
5%
22 %
1
13% July
'—No par
conv
3
11% July
No par
....
Newberry Co
301
15 j/4
36% ' 37%
Co
July
Mar 10
No par
National Tea Co
.
800
1
preferred
Nehl Cofp
31%
-
Pa
preferred..;
prior
Natomas
54 Va i
14%
16%
30 3/4
16
conv
t6%
:
•
112 Va '
30
16
$2
(The)
Mar
32% Mar
7
2
25
1
t5%% prior preferred
f
v'
98%
-54 Va
•
x 4,700
*
*110
32%
39%
3,200 r
18 %
%'.
h
t
15,900
.9% i.
.
*22%
*93
v
6%(
j-17%
98%
54
v
t
42
2
3
No par
Corp
National Supply
Dec
.5'a Jan
8'a Feb
8v8Jan
15% Jan
162
Jan
-4
Oct
4%
19% Apr
No par
National Oil Products Co—l
Jan
6
6
4
10o
100
...
f6 % preferred b
!
Nat Mall & Sv'i Cast Co.
National Steel
4,500
15,500
82 '•>,'••
82.,
-f
preferred a
'
National Power & Lt
32,300
•
733a*
253a
74%
rd- 82%
26
<
253/4.;./
253a
73%
83%
23%
2,500
••6% t,
583a
■■
t7%
>
'
32
12% July
15% Jan
10
Jun
114
co——i.—----1
preferred
No par
l
Feb
20'/a
7% May
108 % Jan
2
33% Jan 14
31% Jan
8
13
Jan
5
9va Jan
7
ll'/aJan 12
> 21% Jan
8
2% Jan
2
1-No par.
Stamping
72
20
118
:
National Lead Co—
:
600
v 6 %
76%
'1*93%
<
6%
26
9%
70
•
190
313a
12%
.
$4.50 conv
60
:/
59%
6%
Nat Enam &
77
Dec
120
National Gypsum
9,000
t
149
12 %
83%
19
>
-
58%
74% :
18%
/•:
174v
31%/
•
500
15,900
13%
26 z
.9%
/
r
300
Oct
55
117%
No par
Corp
Share
Nov
64%
•
Jan
May
10
No par
1
Nat Dairy Products
—No par
National Dept Stores.——i— No par
6% preferred
10
Nat Distillers Prod
—No par
•
x5%
.
108
May
May
Register
National Cylinder Gas coi
10,200
.
63
63/4
6%
v
'•••18%* 19'
32%^
.
76:
6
88
■•
175
19 Va.
9%
y-16%v 163a
149 %
83%
6%
88
v4
:-'•:•
~.
.
&
Dec
Jan
Apr
66
Nat. Cash
6,800
Y: r
23%
176
27
*6
;• :■■■•
h#;
,
Bond
National Can Corp
4,000
13,500
10%
32
23%'-
"149
■
76
25%
12%
?
Nat
300
5,500
v
Dec
7%
112
100
—
15%
110
Jun
94
6
26
July 22
34% July 8
1
Co
Dec
110
'
preferred
Nov
39
Jan
May
Dec
9%
Oct
5%
Jan
24%
Jan
101
Jun
108%
Apr
6%
Oct
14
29
5
10
Corp
127/b
Mar 19
10
preferred
Aviation
National Biscuit
9,600
20% z ;
.9%
conv
National
12,300
-
12% '
*174
.
83%
*26'a
■1
■•'.
6%
Co
Acme
Dec
9%
1.
Nat Automotive Fibres Inc.
2,500
9
31%
9%
.
27% i
*10%
XZ'
Louis.—
National
7 %
11%
••••
10
-
~
No par
—5
-100
Co
Corp
tNash Chatt & St
1,200
19%
.;
23%
17
6%
63
12%
30%
87
*33% *34 &
.
63%
20%
10%
16%
v
19%
Nash-Kelvinator
Nov
101
Apr
100
i
22
Jun
119
—10
No par
America
81 Bro
(f e)
Sep
Mar
14
7
78
13
Jan
Jan
Nov
121
—No par
6,400
:
12%
24%
87
149
13% V:
33 Va
9%
1
No par
No par
b
-
7,000
19% I
8%
26%
*23%
17%
-
/.*173 '.i? 176
176
7
17 v
>?>■
•
27 Va
ll%
88
*87
87%
•
10%.;
9%
*19%
9 VB
;
13%
</:
-••''
31%
33%
24%
1
Nabco Liquidating
170
177
*174
*10%
10%
33%
*23%
Co
Brass
preferred-
My#r«
59,600
•
•
21% I
21%
20%-V
•8%
26%
20%
"
21%
*19%
8%
19%
12%
*148%
19%
-
177 .ZZ-.Y/
26%
13%
20%
1
21%
8%
12%
12%
10%
*174
26 Vs
9
28%
13%
21%
17%
21%
12%
12%
*86
*19%
19%
9%
17o%
13%
21%
*10
21%
*174
13%
21%
,
••
11%
22%
*19%
*173
*1%
12%
175
200
*
5
■;zj|||n
,.
12
*174
4
*40%
12%
12
*12%
s:.
"
*
42
Corp
Murray Corp of
1% f
12%
*40%
50
No par
Murphy Co (g ot4%% preferred
23,800
10%
*41'/a
—No par
;
Munsingwear Inc
80
116 Va
10%
41
11%
42%
11%
*41
Wheel
Motor
$7
*67
v
& Co
Essex
Jan
Feb
3%
27%
July 20
89
Jan
May
99% Aug
28
10% Apr
4
114% July 22
par
—no par
No par
Motor Products Corp_
17%
3,900
3,700
:
5%
75
21%
*73
12,000
35%
17 3/4
29%
177/a
29
No
preferred series c
Montg Ward & Co Inc
27%. v.28%
15
18%
b__
$4
130
'
series
115
Jan
46%
10
8
lJ^/a Jun
Jan
176
9
114% July 21
1
Jan
76
4
May • 6
50% Apr
25% Jun
82% July 29
4
No par
20 Via
22%
15%
29%
Preferred
46%
—10
Chemical Co
*333/4
35'/a
21%
15%
1100
20
preferred
$4.50
■< 14 Va
35%
23%
18%
Monsanto
100
113
35%
29%
1,500
*111%
23
*34
83
113
Vb
Jan
13%
10
Jun
6
Apr
1%
16% July 27
Feb 24
Feb
Feb
109
Apr
?
Jan
64% Jan
13% Jan
% Jan
3% Jan
17% Jan
•
31
28% July 15
20%
106v2
58 ' 107
No par
preferred series a
Carpet Mills
7%
Mohawk
/
*34
*15%
-
.
125
112
No par
10
Corp—
1,500
*120
112
46
14,800
116%
116%
No par
100
10o
1
Mo-Kan-Texas rr
6,900
:>
8%
100
preferred
28
82%
84
125
46
2 3/8
734
26%
115%
*120
111%
111%
2%
8%
27
116%
125
*120
125
90
8%
84%
84
86%
12,700
23%
27
27%
"50
6%
1st preferred
cum
91
23/8
8 3/8
8
/ 6%
6%
.22%
2 3/8
2%
27%
48%
47%
48%
48%
;
2%
116
*120
125
89
22%
8%
28%
86
116
86%
87%
*86%
*115
2%
28
28%
-
■
8 Va
9%<
8%
*28
113
No'par
Minn-Honeywell Regu
4% conv pfd series b_.
4%% preferred series c,
Minn Moline Power Impl
109
*112
91
89
L
23%
*105
113
63a
6%
22 Va
95
22%
2%
2%
2%
9%
*91
109
'■*u2zv.
8%
•
1,200
.
—10
Petroleum
29%
•16% May 19
5% Jan
18% Jan
—5
Copper
Mid-Continent
Midland Steel Prod
4
6%
7%
69%
*105
109
*112
126
Miami
*
26
5
19% July
162
Apr
21% July 23...
Feb 9
4% Jan
2
25
Jan
4
25% Jun
3
—No par
Co
Dec
Nov
13
Jan
Jan
34%
32% Jun
27
'
1
50
Machine' Co_„
180
7%
7%
7%
Min Trans
&
Mesta
5,300
25%
conv
Merch
1,700
24%
9%
1
-
(The)
1st preferred-.
Mengel Co
3,500
29%
*2%
6
Oct
Jan
25 %
107
67% Jan
9
60
Jan 15
•
no- par
11%
12%
26 Va
Aug
7'A May 29
6
—No par
-
Jan
19
July 15
57% July 8
27
■
Jan
22% May
Jan 11
Jan. 7
Jan
101
3%
Jun
7
July 17
174
Jan
5
Jan
2
Jan
7
Feb
4
Jan
9Jan 161
Jan
7
Jan
7
Jan
Jan
Nov
4%
15
July 14
27% Mar 26
6% Jan' 13
100
t$5.50 pfd set b w w
900
25%
69 %
Dec
2
2%
May 27
••
7% Jun
2
4
t$6 preferred series a—No par
90
30%
126
16%
32
1
Jan
100
preferred
conv
200
v
*30
7%
x6%
43% July 16
24
11
109 Vb Apr
—18
'—1
Co
Stores
Mead
2,900
-
75
*—5
preferred
t5%%
McLellan
6%
85
*32
,
*80
75
:
110 '
2,100
114% /
*114
No par
Robbins Inc
&
McKesson
6,700
10% /
10
—1
Elec Co
Mclntyre Porcupine Mines
2,900
1
conv
Corp
McGraw-Hill Pub Co
800
;
45
Stores
McGraw
1,500
16%
16
x44%
10 v8
10
No par
No par
-No par
1
—1
Z
113
*106
115 x
10 Va
33
11
Jan
May
8% Apr
17% May
3Va Sep
xl7
5
Jan
21%
165.
37
2%
21%
100
12%
11%
- 104
19'a
&%
4
38'a
14%
-100
2,500
'
18% Apr
5
22
-
par
3,100
193A
22
76%
41%
193/4
Jan
3% Jan •
31% May
1
Stores
Department
9
*
9%
Jan
4%
5
6% July 13
-
9% Jan
2
18veJuly27.
'
par
No
preferred
7%
500
*114
'•*
81
75
*27%
7%
Wks
Alkali
;v:
par
,
-—
$6 1st cum preferred
20%
26
,9%
80
v
*105
26
10 Va
85
*40%
30%
-r.
113
22%
77
11%
30%
31
16
34%
*34
'
5%
46
77
11%
7%
No
1,500
5%
153/4
*81
85
77%
34%
25%
No
Co
29%
54%
53/4
44%
77%
*81
Jan
11% May
% Mar
5
4% July 14
1% Jan 27
3'/a Jan
2
1
-
Corp
Elec
28%
533a
44%'
114%
*114
114%
34%
31%
Co
Corp
Martin-Parry
Masonite
Master
>
*106
114
114
10%
*114
9%
213/4
23%
54
15%
42%
115
10%
115
9%
9%
*9%
*81
*77
*15
*114
10%
*114
114%
10% July 15
19% Apr
No par
Co
l)
(Glenn
1,500
1.
15%
26%
26
15 %
45 %
22%
24%
114
114
115
*10%
45
23%
24%
*114
27%
15
44%
15%
15%
45
45%
*26%
28%
27%
15%
*45
6,200
39
39
Martin
9,700
20
113
*106
113
*110%
113
*110%
113
11
2
preferred__100
pr
Marshall Field &
14,800
v
53/4/
5%
7
.
*105
20
*110%
19
*173%
53%
30%
32%
Jan
13%
27%
Mar 15
<
8% Jun
8
'
53%
6%
*1c5
53a
393a
*173%
55%
55
6%
*29%
5%
6
5%
*173%
56%
56'a
*
41%
30 5
24'/a
31
24%
;
40
6%
*41%
21%
Deo
19
6
14 v4 Jan
1
__5
Corp
Market St Ry 6%
4,280
16% v
Midland
Marine
29,300
15
18%
*30%
42
*30%
14%
15%
14%
42
6
6%
42
320
Apr
Nov
2% May
14% May 19
Mar 15
Jan
Jan
35% Jan
9%
30% July 15
2
v
23%
131
17%
3
24% Mar
Dec
26% Dec
'
18
18%
'
,
May
Apr
122
par
Manhattan Shirt
\ 3%
15%
6
17
3% Jan
6% Jan
1
No
10 Va
Jun
25
Bros
10%
320
—
May
37
18 % Jun 14
10:
Jan
4
18
Jun, 22
j—10
Co
*17% i
/
No par
J—No par
Copper—
Mahoning Coal Co
13,300
133
28
-No par
Magma
2,900
320
6%
10.
10o
6,900
35%
28
:
Forbes
&
preferred.
6%
10
-
13%
10%
*10 Va
138
18%
*280
3%
*10'/2
*18%
7
*133
7- 34%
MacAndrews
1,100
18%
6 j/4 'x 6 3/4
7%
138
26 Va
13%
v
v
320
*280
320
6 Va
26 • *
5
28%
18 %
*280
27
34
13%
19
7%
7
7%
138
33%
18%
320
*280
320
7'/a
*133
*13%
14
19%
19
19%
*280
28%
36
26
35%
34
35
36%
26
/
133%
133%
138
V
27
25%
27%
*27
27%
Jan
8 ;
2
5
2
4
5
2
2
5
7
4
4
.
8
60
July 30
19% May 27
178% July 13
150 1 Jun 28
22
May 27
36
Jan
4
/ 7% Jun
7
64 % July 14
15% May 28
, 28% Jun j 2
. 80% Jun
1
88
Jun ,2
7% May 8
-10% Apr ,5
19% July 14
24
july 24
94
July 9
,
Jan
Jan 11 / 56% July 2j
Mar 31
112% Jan 30
Jan
2
37% Apr _8
Jan 12
16 a May 29
July 27
Jan
7
21 a Mar 30
Jan
2
Jan 12
44 a May 29
20 . May
^ay °
„
3%
4
;
Apr
67/a
Jan
72
11%. Apr
145
May
168
Mar
146
13%
Dec
29%
Apr
36
1 Va Apr
43% May
54
4
Mar
16% Jan
129
•
Dec
Jan
Jan
17% Mar
3Ve
May
Nov
Jan
Oct
6 Va
Jan
16%
Feb
45% May
63
Feb
51
May
// 2% Mar
70
Feb
9%
4%
Jun
.
4
Oct
Oct
9Va
Feb
5%'Mar
9 Va
Dec
II
;
Jan
17
Dec
"70% May
75%
28
Apr
39 %
Dec
104
Mar
110%
Dec
22%
Apr
30%
Feb
7%
Apr
13^
Jan
15%
Dec
Sep
Jan
Dec
109%
Jan
23% May
32%
Feb
12%
Oct
93%
6%
Jun
THE COMMERCIAL & FINANCIAL CHRONICLE
RECORD
NEW YORK STOCK
LOW
26%
$
share
26%
>
25
70
:
•
10%
22%
28
119%
118 Va
126
*48
lVa
3%
3%
3%
U
is
*%
35
191
118
114
►110
125
*110
•
46
47
1
l'/a
3%
18
3%
3%
*%
ii
188
*117%
16%
18
16%
17%
17%
547/a
54
54%
54
55
:
54%
53
53'A
*53
53%
53
53
11%
11
11%
10%
11
11
103
*100
*54
16%
15
*115%
21%
22%
11
North
22,100
.
15
14%
115%
115%
;
15%
115%
250
41
20%
21%
21'/a
22'A
*20 Va
21%
41%
*39%
41%
39'A
39%
2,200
5%
5%
5%
5%
*5 'A
5%
40
40
*33%
40%
*39%
40 Va
*39%
40'/a
11%
11%
12
T2
*11%
12
11%
11%
11%
11%
5%
20
207/a
19%
20%
18%
19%
19%
19%
18%
19%
45
•
45
42%
44%
42
43%
44
44%
43'A
45
6%
6 '/a
'
7'A
7%
92%
94%
7%
93%
6%
91'A
94
8%
9%
9
9%
9%
20%
20%
20%
20%
*150%
151%
♦150%
110
126
July 13
80
May
23 % Dec
109
Feb
54
Jan
53% Jun
6
2
.*
10
2% Mar
4
1% Mar
7
38
9
23
6
Jan
5
2
Jan
%
Oct
Jun
30%
Jan
5
118
23%
Dec
7
5
19
192% July 14
Jan
49% Jan
50
Jan
%
3
26% May
113
.
Jan
5/a
Mar.l
4
July
Jun
15%
116%
Sep
6% Mar
ll'/a
Nov
52%
Jan
53
Jan
39
2
14'A Apr
8
6
100% Jun
25
7% Jan
2
18% May
116% July
6
Jun
Jan
192
Mar
56
5
9% Jan
Apr
Sep
Mar
39
48% Jan
2%
108
18% July 21
56'A Jun
4
91 'A Jan
il Oct
143
7
1
Feb
'
ssa
1
.100
8%
krMi-8-^
20
8
Apr
Apr
Jan
Dec
14
85%
Apr
96
4%
Jan
8%
100
Apr
110%
8
Apr
17%
Apr
38
9'A
151%
1,200
Oppenheim Collins
7,800
Otis Elevator
3'% Jan
34
*32%
34%
*32%
34
*32%
34
600
55'A
55%
*54%
57
*54%
57
*54%
57
50
59
61
59
59%
x59 %
60
59%
61
5,600 ?
Owens-Illinois
12
12%
11%
12
11%
11%
11%
2,600
Pacific Amer Fisheries Inc
10%
Pacific
34'/a
*55%
57
61%
62
62
34'/a
56
62%
12%
13
12
12%
11
11
107/a
11%
10%
%53®
53
49
23%
24
21%
23
6%
20
142
tOutlet
1
20
21% July 19
6
50% July 2
8'A May 22
17
94% July 24
107/a Jun
7
59
2
2
2
8
21% Jun
Glass
12.50
Co.
12%
Deo
Dec
6%
Jan
Jan
27%
22
58
Apr
24
12
64
July
Jan
79
,
4%
Jun
17%
Apr
11% Mar
-
xl67/a
Jan
Jan
30%
8
54% Jan
Co
Oct
10'A
Jan
Apr
15
Dec
3%
34
2% Jan
38
151
Sep
Dec
Mar
Sep
6% Apr
132
5
46
5
Marine St Mfg_
2
Jan
Jan
Nov
Feb
7%
Mar 19
Jan
28'% Jan
preferred—
Outboard
Jan
15% Jan
33'A
*33
69
100
20%
151% A;
July 22
Apr
7
12% Mar 25
45
'
preferred A
31%
13
11% Jan
3% Jan
8
6
8% Jan
par
July 27
6
15
Jan
July
41
6
29'% Jan
151%
*150
Jan
7
23 %
14
31
2.50
No
9
19%
20 >A
*150
19
x3'A Jan
50
_
•150%
:
19
36
.
20 :
8%
87/a
8'A
8'A
19%
150% 150%
8%
2
16 Va Jan
par
Jan
-50
Oliver Farm Equip
Omnibus Corp (Tho)
.
400
90%
No
_
Telegraph
Ohio Oil Co
5,300
.
Lines
107
par
Preferred
5,500
'
No
pfd_
151%
34%
Dec
50
19%
*55%
60 %
162% Jan
5
5ft
Ry Co_
Norwich Pharmacal Co
37,700
'
6%
90
91'A
91
91%
90
.
6%
6%
6%
7
93%
7%
-
Norwalk Tire & Rubber—
1,200
5%
Air
Northwestern
50
11%
■■
Dec
Apr
July <1
28% July 30
9% Jan
Aviation-
Central
Northwest
120
57/B
20%
5
—
_
tNor States Pow $5
4,100
*39%
22'A
41
40%
45%
Dec
May
12%
123
2
J* Jan
iif— .100
_
Northern Pacific Ry__
53,300
1151/4
116
*115%
115%
14%
15%
15'/a
Northern
'/■"
103
5%
20%
6%
16%
4
12% July 29
4
1% Jan
100
preferred
American
Jan
May 22
19% July 28
1
prefeired series
5%% preferred series
1,300
54
10 Va
*100
103
40%
45%
j.
53%
15%
100
6%
1,900
6
11%
■
55
Jan
6% Jan.
-106
.
North American Co
69,100
17% 7;
4%
10%
A Jan
tNorfolk & Western Ry__
tAdjust
Feb
26
5
28 % Jan
Noblitt-Sparks Indus Inc__
...
54
11'A
preferred—.
■
Feb
51
U00
Shipbldg Corp part stk
940
.'■•«■■■
16'/a
53%
53
Y
17%
Dec
100
400
34%
184'/a
119
*118
•
Conv
N
Jun
35
63Va Jan- 7
101
Jan 22-
50
..
share
11%
74% July 24
16% Jan
par
—50
preferred
non-cum
per share
267/a July 23
14% Jan
par
no
IN Y Ontario St Western^
500
3,200
41
5%
»
*100
15%
21
41
*40
41
101%
115%
116%
22%
"
14%
*100
15%
116'A
*40
•:
Highest
$ per
'
101 %
/
<
.
11,100
%
Wo
IN Y N H & Hartford
5,500
3%
Dock
$ per share
Jan.27
U
No par
Corp
fN Y Lack & West Ry Co...
200
'
19%
34%
177/a
118
11%
*39%
1942
K Lowest
31% Jan 27
_100
preferred
10%
%
182 Va
119
18
%
*100
*
189
*118
*117%
5%
! per share
100
.
N Y & Harlem RR Co
270
1
1%
3%
37%-
*34
34
34
184% 186%
189
11%
22%
•„
'■'/Par
Omnibus
York
New
700
19%
20%
118
<
47
1
lb
19%
19%
20
46%
3%
19%
54%
♦116
Year
Range Since January 1
Highest v;
<■/Lowest•
.
*
;
preferred series A
NYC
125
1%
53%
16 Va
"110
6%
3,700
■
114
47
♦53
101%
113
125
46
'
12
114V4
115
*54
*100
<.
N Y Chic & St. Louis CO
14,000
1,400
•
28%
28%
28%
185
190
*117
17
11%
*27
*54
11%-
Range for Previous
STOCK
'-r
9,000
::;0
•
118
188%
18%
18'A
22
114
35%
*34
37%
*34
35
190
19%
20
19%
20 Va
21%
12 Va
l'/a
1
•
69
47%
47'A
48
1
♦117
YORK
'EXCHANGE
Shares
f
24%
69%
21%
28
28
126
♦115
126
47
11
share
23%
24%
68%
69%
21%
22%
•:/:il../ll/
117% 118%
118%
•116
49
*20 Va
NEW
the Week
24
24%
66%
28
f per
t per share
share
23
:
23
11
'
11%
27%
*117
25%
70%
28
11%
27 Va
119%
23%
66%
22% v 22%
23%
11%
'
72%
1
*26
$ per
$ per share
per share
22%
74%
*22%
*
for
'
/ t per
74
Sales
*•
July 30
July 20
A
July 28
Friday
Thursday
Wednesday
July 27
July 26
July 24
STOCKS
SALE PRICES
AND HIGH
Tuesday
Monday
Saturday
Monday,1 August 2, 1943
Dec
143'%
Apr
27%
42
Jun
48
43'A
2
Mar
Apr
57%
Sep
Dec
Mar
Dec
P
♦52
54%
*24
25
17
*14
29%
44%
44%
26
*25'A
21'A
22
20%
21%
1,850
*14'A
17
*14'A
44%
43%
43%
43'A
43%
42 %
42%
24%
23%
24%
24%
24'%
23
24
117
118%
118%
158
157
158
156
157
157%
: *157
5'A
16
17
♦16
'ri''":
4%
4
:
16
4
3%
38%
37%
38%
35'A
37%
10%
10%
10%
10%
10%
10'%
112% 113'A
*112%
113'A
113
*44
103
28
2Va
.
2Va
;.!•'"•■•
26
28
*30
:
2 Va
2
l7/a
31'A
30
18%
18%
19
19
34%
;
30%
31
31
103
28'/a
27%
*31
32 Va
*101
18%
*99
*99
103
27
%
25
26%
26
32%
*30
32%
*30
2
30
18%
18%
105'% Jan
500
5%
4,700
5
5 Va
5%
5%
5'A
5%
4%
5'A
23%
24%
23%
24'A
23'A
23%
♦57
57%
♦57%
57%
57%
57%
57
57
99
98%
99%
98
98%
97%
98
18
16%
17%
•16
17
16%
17%
7
6'%
6%
7%
7
98%
18
18 Va
17%
4 y.i :;b
*3 Vs
*16%
41'A
42
*16%
17
3
3%
3'A
3%
17
42
42
:
6%
7
16'%
16%
29%
29%
28%
29%
28
♦23%
24%
*23%
24%
*24
*4%
57%
-13%
6t
59%
61
61
59
97
16%
17%
3%
2%
41 %
40 Va
28%
27%
24%
23%
24%
24%
60%
58%
*23%
24%>'»<24%
100
57%
58%
'•
5%
57%
57%
4%
4%
4%
4%
3'A
4%
4%
4%
59%
58%
54%
57 Va
53%
56
56%
57%
53%
567/a
13%
14%
12%
13%
12%
12%
13%
13%
13
13%
2,300
14%
■
1
'
*56 Va
57%
56 '/a
56%
52'A
55'/a
50
52%
52%
52%
51%
51%
39%
38
38
34'%
36%
32%
36
34%
35
34%
34%
*24%
25%
24'A
24%
24
24
*23%
25
9%
9%
8%
9
Jun
14
80
16
Jan
11
1
10
par
Corp
10
7%
77/a
7%
24%
25'A
24%
8
*7%
25%
25%
49
*90 %
93
9%
7%
7%
49%
49
49'A
90
90
19%
19%
19'A
19%
19%
22%
23%
22%
22%
21%
22%
21
88%
87%
86
88%
111%
*110%
111%
112%
112%
*112%
114
*12
13
*12
95
•90
95
49%
49%
G%
6%
6'A
86
*84%
6
49%
*98%
6
*98'/2
49%
*7%
22
23
21%
22%
15,600
Philco
84%
3,800
84%
110%
85%
84%
84
111
111
111
*113
114
*113
12
*11
12
*11
12%
*11
60
*90
95
*92
95
*92
6%
6%
*84%
25%
*£8%
86
85
85
*85
87
*85
25%
25%
*24%
25%
*24%
25%
120
46'A
*98%
47'/a
*6%
5'A
46
7
*6%
120
*98%
5%
5'A
74%
73
73
*73
fj. 47
12%
13%
12%
12'A
12%
12
12
*12%
6%
1,400
7
800
72%
74
90
*11%
13
Pittsburgh Coal of Pa
3,500
49
12
7
75
*163
*150
175
*163
175
*163
175
*163
175
*163
175
<•*181
183
*180%
185%
*181
185 %
*181
185%
*181
185%
*
.
5%
5%
9
9
93
*85
5%
5%
5%
8%
S'
6
8%
8%
8%
*85
93
-
5%
5%
5%
5%
5'%
8%
8%
8%
8%
*82
93
47%
47%
45%
46%
44
46
42%
71
71
70%
70%
70
70
70
1
*15%
16
15
15
14
15
*163%
175
*150
175
*162
175
4%
4
4%
4%
*80
13%
*162
90
*78.
44
44
71
13%
175
3%
4'/a
53%
54%
42
54%
53%
Pitts Ft Way & Chic Ry
7%
5%
8%
42
20%
20%
19%
20
20
90
72
.
?*78
44%
74
14%
175
4
3%
52%
53%
53%
42
42
20%
20%
20%
1,580
73
?.•
250
14
13,.
*162
56
44%
45%
73
,
4
3%
90
44 %
14%
*162
500
V
900
175
3%
4
Z&
54
54%
*42
45%
21
21 Va
20%
20%
*21
21%
20%
21
20%
21
11
10%
10%
10'%
10%
10
10%
10%
18%
17%
18%
17'A
17%.'
17
17%
17%
17 'A
17%
11
*18%
45
*42
-u
11%
K
*41
11%
11%
*11%
12%
*11%
11%
36%
36%
37%
37%
35
35
35
56 %
56%
56
56%
55
56
55
♦122
123
122
11%
*122
16%
123
*122
123
16%
16%
16%
10%'
♦10%
15%
11%
10%
11'A
♦10%
16%
15%
11 /■;
*19
20
107/a
55
42%
55%
;
880
:
19%
19
19
10
11%
10%
11%
■
11%
*11
11%
*10%
11%
37
33%
33%
55%
55%
122
15%
*122
123
157/a
16%
..
*122
15%
55
■
123
16%
16
16'A
lo%
16
14%
15%
15%
15%
15%
92%
93'A
92'A
92%
90%
92%
90%
92
91%
105%
104%
105'A
104
105%
103
104'A
104
104%
104
112'A
112%
111%
112'A
111'A
112
110%
112
111
111%
111%
112%
128
127
128
1,450
:
1047/8
•127%
128
120%
37%
For
37%
footnotes
128
♦120
128
128
128
178
128
120%
120
120
120
120
35%
see
page
37%
463.
35
36%
34%
r
<;
Postal Teleg Inc preferred—No par
Pressed Steel Car Co Inc—
1
35'A
128
.
*119%
35
120
35%
119%
341/4
1.580
•
t
119V4
35%
: 5%
'•
.
"..
770
420
80
19,800
conv
Procter
5%
St
pfd
Pub Serv
7,290
,
s
No par
50
92%
105%
5,900
13,000
15%
93
Jan
15
Aug
11
May
104
"May
108%
Feb
Jan
25%
Nov
16% July
23%
Jan
18%
4
36
61% July 14
6% May 23
Apr
% Jan
59% July 23
15% Mar
4
16 Va
47%
2%
30
Jun
Dec
Oct
Dec
Apr
51%
Feb
29%
Jan
26% May
19% Jun
27%
.
Jan
8
7%
Jan
Jan
10% July 19
8% Jun 28
4
Apr
5
Mar.
29% Mar 29
22
Dec
32%
Jan
4
2
49% July 26
28%
Apr
40 Va
Jan
90% July 27
49
Apr
76%
Jan
8
19% July 14
26% Jun
1
~7%
Jun
Xl4%
Dec
90'A Jun
115
55%
3
14
July
100
4
•
Apr
Jun
Jan
May
80
Oct
Apr
46
Dec
1%
3
Jun 14
May
7
Jan
Feb
8
102
43
59
65
May
3
5
Apr
Oct
~4%
Sep
38%
4% July
56% Deo
Mar 30
Nov
19%
May
26%
3
May
9
77% Jun
3% Dec
15% Jan
7% May 20
Jan 14
9
6% May
65
90
4
8
Feb
8
Jan
6
Jan 25
Nov
30
26
18
Dec
107% Mar
110
3
7% May
Jan
Jan
79
May
1
Dec
Jan
26
July
50
6%
6
Apr
98
103
July 30
117% Jun
79 % Jan ; 5
44
Jan 20
3% Jan 16
4
Plymouth Oil Co
i—5
Pocahontas——No par
5% conv 1st preferred.
16%
16%
u.100
'
•
Jan
May
170
175
—_No par
Poor & Co class B
600
v:
Sep
2
44
Apr
18
9% Feb
.100
-—100
Pond Creek
;.
54
Co
—;
preferred
B
4,900
,
*33%
93
*120
Class
3,600
16,800
35
55
preferred
•800
t:
4
Jan
Jun
1%
36
No par
4%
7% preferred class B_;
-100 : 59%
5% preferred class A__,
100
24 "
V
5%% 1st ser conv pr pfd
;-100
66 '
Pittsburgh & West Va
—100
7%
Pitts Young Si Ash Ry 7% pfd—100
150%
Pittston Co. (The)
-_1
1%
/' Class A preferred
L
-100 -t 29
2,300
x.
1%
41% May 20
Pittsburgh Steel Co
60
42% r
.
19%
4 9%
:
3,000
;—1
Pitts Screw & Bolt—
4,700
.
Oct
May 18
58% May 20
59
-—No par
preferred
Dec
32
29
24% Jun
70
No par
Pittsburgh Forgings Co
<
8%
.
$5 conv
82
6%
68
Oct
Jan
Jan
,'vV
185%
181 Va
preferred
Pitts Coke & Iron Corp
1,000
175
Co
Dec
56 % May
July 19
5
9
9
9
18%
102
3%
34%
5
—25
100
100
100
Flour Mills
Pillsbury
Pitts C C & St Louis Ry
5%
5%
7%
*7
7'A
5%
,
100
Preferred
30
400
120
*98%
48
48
46'A
120
100
Hosiery————————-5
Pnoenix
60
32 % Apr
13% Jan 14
71
Feb 20
106
Apr 20
109% Jan
7
7% Feb 17
100
series
series
Phillips Petroleum—————No par
1,100
87
25%
;
3
10
Phillips Jones Corp
No par
1% preferred————————100
19,100
5%
5
6%
6
5%
*73
*5%
48%
47%
r'V-
*13
tPreferred 4'A%
Nov
29%
Apr
37
Jan
68% Jan
preferred
No par
distributed
when
Corp
t4%%
100;
6
5%
7%
48%
48
48
Co
25
50
Philip Mbrris & Co Ltd
60
95
47%
Elec
par
Corp___
t$6 preferred
180
13
94
48%
74%
1,290
113
14:
12
47%
7%
♦73
22
113
5%
*47
8
74%
*73
Phila
113
47%
120
5%
16,400
110%
25%
25%
120
19%
19%
*90
87
*85
25%
*24%
49 Va
90
1%
Jan
187/a July
No
Co
Jan
Dec
17% Mar
23
Feb 20
6'A Jan
4
5J/eJan 12
23% Jun 15
5
America
tPhiladelphia Co 6%
48%
19%
48%
Brewing
Phelps-Dodge
90
86
6%
,
23,900
49
113%
48%
48%
1,500
24%
24
19%
111
12%
*90
7%
Pfeiffer
90
85
84
Petroleum Corp of
2%
29%
Vfc Mar
17% Mar 26
110
17%
46%
1%
28 Ye
5 Va
34 Va
19
No par
Pet Milk Co—
8,300
19%
111
*112%
300
;:; 8%
*7%
7%
24%
90'A
19%
*110%
7%
247/a
8%
9
24%
49
•
8%
7%
24
19%
*24%
25%
*24
24%
25
90'A
49%
49%
92
49
*90%
8%
Jun
2
'
*9%
Jan
13%
Mar
9
23'% Jan
100
100
—100
Co
5 % prior preferred
5% preferred
Oct
Jan
44
3% Mar 26
Jatt
6
Jan
6
Feb 18
Jan 27
Co,%i—_
17%
17
1%
Julyl3
45
33'A Jan
4
13% Jan
6
108'AJun 18
Feb
Jan
Feb
Apr
Oct
20% July
6
No par
No par
.100
50
5
100
100
Nov
19 % Apr
13% Aug
8
May
60% Mar
6
—1
ser A
Oct
Dec
101
11%
29
July 28
3% Jan
1% Jan
Dec
2%
38
14%
May 20
100
106'/a
Apr
Mar
90
6% May 22
1% Jan
5
22% July 30
Oct
Jan
Jan
19% May 22
55
No
Pere Marquette Ry
2,300
32
7
par
Corp
preferredRR
Pepsi-Cola
3,300
38'A
pref
2% Apr
7
par
Corp
Peoples G L & C C (Chic)
tPeoria & Eastern Ry Co
66,700
4
3'A
Airlines
30
Nov
8%
Sep
1
30% May 27
2
Jan
No par
Coke
Dec
20%
July 2
July 10
l'AJan
No
Cement
Oct
27
101
11
16
10
3
July 12
Jun
27% Jan
No
Peoples Drug Stores Inc
1,000
56 Va
1
par
2.50
Pennsylvania
1,700
57%
5 &
&
Penn G1 Sand
300
32,300
•
Coal
$7 conv
1,800
16%
16%
•110
17% Jan 22
No
Co
Co
Penn-Central
Penn
27 %°°28 %
16%
28
28
(J C)
Penney
Penn-Dixie
28%
*16%
*110
'
&
Ford
3,600
3
106
1
Transportation
&
3,200
40%
100
Jan 22
15% Jan 12
Patino Mines & Enterprises
Penick
12,400
7% 1
*3
Davis
Parmelee
3,800
40
16%
16%
*110
Parke
600
96
4
45
Parker Rust Proof Co
8,000
58
3
39%
23
*56
41
3
40%
*110
6%
6V2
3'/a
40%
*110'A
*110
7
22%
23%
58
2
9
Jan
11% Apr
6% Dec
113% July 26
2
4
Jan
1%
2
12
2
Apr
1% Mar
5%
.
8
10% Jun
16
Jan
1
par
Park Utah Consol Mines
700
6,800
Apr
121
7
100
——1
preferred
conv
Apr
43% July
35% Jan
—
—No
Inc
Cos
Park & Tllford Inc
5,100
18 '/a
5%
99
'
1%
31%
18
Transp
Paramount Pictures Inc
52,700
32%
25%
99
Paraffine
4 %
26%
&
Panhandle Prod & Ref
\7'/
25'A
Petrol
5
23% Jan 20
5
Corp
tPanhandle East P L 5.60% pfd_100
l'/a
5%,
2
800
30%
23%
2% Jan
Jan
74
6% May 10
par
No
Apr
13%
17% July 15
250
l7/a
*56
2
4
Apr
22%
July 30
5
3% Jan
9
Jan
1
Car
American Airways
158
Jan
10
Corp
9,500
103
*24%.
*5%
Motor
148
4
Apr
Jan
15%
118% July 29
3% ■
*30%
18%
91% Jan 25
43% '
31%
*18
100
100
7% Jan
l'/a
30%
18%
Pan
30%
2
1%
,
30%
2
Jan
Jan
111% '
*101
32%
19
5
3'/a
>
33
par
Apr
9%
7
30
par
Pan-Amer
43
103
41,400
S
11
111%
.
44
.
Oil
4Va Apr
16
20
No
Western
Packard
16% Jan
No
Corp
600
*10
3%
*43
36%
351/2
Pacific
6
29
July 23
25% May 20
July 17
45% July 20
28% May 24
Pacific Tin Consol'd Corp
46,200
4
3%
1121/4
3'A
3%
43%
103
*101
28%
Va
31
3 Va
42%
50
800
4
par
tPacific Telep & Teleg
preferred.
11,200
112
112%
3%
158
5% '
10%
44%
437/a
45
♦100
112%
158
14% }
10%
43%
200
5'A
10%
3%
118% *
14%
3%
'
Co
Mills
118%
37'A
*43%
Ltg
Pacific
5%
36%
3%
3'A
3%
Pacific
1,400
16%
36%
*10
3%
:
1,100
*
*15%
15'A
15
4%
Coast
Pacific Finance
.
5'A
5%:
5%
5%
38 Va
!
,
35
112%
V
29%
28%
24%
156
4'/a
v/17W*>'
29%
117
17 JA
-
29'A
116%
4%
17
*14%
17
116%
*16%
5,500
Corp (Cal)
.10
Pacific Gas & Electric
—25
14'A Jan 13
10
Mar 15
23 % Jan
5
21%
44%
5%
No
21
116%
5%
preferred
%
116
5%
5'A
2d
51%
260
8
6% Mar
55
1,900
50
156
117%
5
10%
4J
117%
*155
13'A Apr
23% Jan
9%
51%
29'A
24%
24%
5
No par
10%
51
29
29%
45
*43%
t'f.
2
6 ''a Jan
preferred
10
48
9%
13% July
7% Jan
10
1st
10%
48
29%
29%
29%
29%
*14
17
*14
11%
When,
'.
t$5
t6%
2d preferred—
No
Gamble—
par
Feb 1 '29)
100
Corp of N J
—No par
preferred
t7%
preferred
18%
preferred
tPub Ser El & Gas
Pullman Inc
Jan
;
«
—i—
No
-
165
G% Jun
4
18
■l
6% Jan
6
6% Jan 14
24% Jan
4
48 % Jan
4
114% Apr
7
11% Jan
6
.
10% Nov
Feb
165
Feb
175 ;
May
3%
7
Feb
47 V2
Dec
5%
Jan
May
4
10% May 11
75
••.* 13% Jun 21
par
r 75 % Jan. 20
aIOO i, 85% Jan
2
10096% Jan '"4
J-———100
109% Jan 4.
pfd $5.
No par / 115% Jun
4
No par~
26% Jan
2
distributed---—l——a_—•
preferred
Jan
4
165
Z 90
2
4
8.
30
20
28
14'A Jan >2
18
9
181% July 12
170. 'Jan
13
5
13
16% Jun 21
•—5
a—50
(ser of
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
7% Apr
15% May, 7
4
Jan. 9
Jan 21
Jan
4
6%
Jan
Apr
62
Oct
52% May 12
20
Jun
33%
Jan
Mar 31
58
Jun
70
Feb
July
:
1
8
6%
16% Mar 29
153
May 18
162
Jun
10%
Jan
153
July
July
5% May 29
61% Jun
«.
1,
46% Jun 14
:
v
21% July 16
11%
Jun
23% Apr
-•
;
5
15 Va
Jun
Jun
1
1.
13.
s
22% Mar; 3>
13% May 291
Jun
13
;.
4
!•
Oct
Jan
21
Jun
Sep
8%
Jan
8%
6 V8 July
Jan
29%
8
42
Feb
52%
13
115
Feb
57 % Jun
Feb
17% Apr
5%
,
;
Jan
5%
Jun
.3
-
9%
Jan
18%
22%
40% Jun
123-
14%
*;
3 '/a May
•
5
9l/a
Jun
122
14%
•
Jan
Oct
'-Oct
Jan
16% July 19
62 :
•
Mar
86%
Jan
107% July 20
73% Mar
.-
*99 %
Jan
114% July 20
79% Mar
>
111
•
Jan
99
:.
123
;
Jan
28%
Nov
95
July 19
-
129% July 15
:
Mar
120 % July 23
lllVa Mar
1
20% July
40% July
116
Oct
THE COMMERCIAL & FINANCIAL CHRONICI E
Volume 158 ^ Number 4199
461
NEW YORK STOCK RECORD
SALE PRICES
LOW AND HIGH
v
July 20,
•
•.
.
«
July 27
July 28<
;
t
•
Wednesday
Tuesday
iMonday
'Saturday
July 24
r
YY
Thursday
Friday
Sales
July 30
July 25)
/-
the Week
for
STOCKS
•
■
NEW YORK STOCK
EXCHANGE
-
/
J per share
19%
$ per
♦110
107%
*21 %
Li
21'/a
$ per
21
20
15
14%
113
♦105 Va
per share
18%
18%
*110
—
108
20
18%
*110
107
107
20%
'X
'
20 %
'
\: 15 ;>
;
14%
•
:X;;
14%
14%
14
-
14%; y
>\
-
it;
;Y
14
conv
1,000
14
Jan 14
11
Highest
$ per share
per share
19% July 19
I per share
7
Apr
90% May
80% Jun
106%
Deo
2
114% July 22
107% July 23
92%
Dec
133A Jan
2
22% July Id
9% Mar
14%
Nov
10% Jan
4
14'/a July 14
8V« Mar
10% Oct
4% Jan
100
104% Feb
3
100
92 % Jan
No par
preferred
Purity Bakeries
6,700
t per share
No par
,
preferred—
5 %
700
'V
Lr
15
*14%
(The)
6%
.
1
~
Pure Oil
*
J
19
Par
38,300
113
*106
A
Shares
share
per
17%
>
•
-
113
*105%
20
20
21%
21%
■
18%
♦110
105%
105%
lOdVa
M
per share
17%
19%
113
*110
v
$
share
is
19%
113-
♦
106
107 %
Y
share
19 %
19%
113%
'
-Lowest
_
♦110
Range for Previous
Tear 1942
Lowest
Highest
Range Since January 1
' /v.,.'.
■ v
.
11%
Dee
q
Quaker State Oil Ref Corp
10
;
R;
11
v
71
/
94
5
•: 9%
V
:
15%
153%
■
•/.'.Y, 33%
337/a
337/e
26%
♦28
Y
I63/4
18% r:
28%
*43/4
5%
76
80%
83
113/4
11%
L
-
.
Y
*27%
.
78%
♦8%
8%
85
52%
♦52
53
*52
52%
*52
8%
8%
30
37%
'
11%
i
♦15%
8%
8%
11
'■/.
■
27
33
.1%
8
47
114
28%
29%
*363/4
Y
38%
29
10%
.10%
10%
10%
*14%
16%
*15%
8%
8%
*8%
25%
31%
'%'!
7
9
9%
9%
36%
107%
107%
106%
106%
*41 •;'
42%
.<112%
113%
♦112%
114%
♦111
9%
31%
32
.
1%
.
32
6%
1%
YY-
*7%
8%
yy- 7%
;':V *7%
46%
46%
45%
*112%
114%
112A
Y
,
112%
112%.
9%
9
32%
33%
33
34
105%
106%
106
106
♦41
Y
.42
9
:
V
9%
83/4
:
'
•111
r.
V. *42
*106%
*42
42%
%
108
42%
o
113%
113%
114%
*111
1%
1
42
;
113%
42
'
113%
114%
♦111
114%
•1
■Li l
1%
113%
4,200
i
•;'{
2%
*24
'YY *3
1
-
2%
A
24%
:V;
3%
85
*3"
.
16%
*111
♦111
;
■V
.
22%
,
•
3%
*7,500
15%
15%
15%
IS3/*;;.
15%
16
15%
16%
73%
73%
73%
73%
70%
70%
71
71
*71%
72%
15%
15%
15%
14%
15%
14
14%
15
15%
143A
15%
73
70%
70%
♦69%
9%
10%
27 %
27%
9%
9%
Jun
13%
Sep
x94%
Jun
73% Jan
4
Y26Y-.
26
Y':' 25%
No
6,300
Shell Union
Sliver King Coalition Mines—
23%
24%
4,900
Simmons Co
fSheaffer
(W A)
Pen Co_
Oil
1%
*1
1%
*1
25
25%
25%
25
25
24%
24%
25
25
12%
12%
11%
12%
11%
12%
12%
12%
11%
12%
44%
44
44%
42
43%
40%
42%
41%
42
41
4iy2 V
1,900
Skelly Oil Co
20%
21%
20%
20%
21
21
20%
21%
1,950
tSloss-Sheffield Steel
*22%
23'A
22%
22%
23
23%
22%
23
22%
21%
22 Va
*22%
23%
*22%
23%
*37%
38
35%
36%
32%
36
32%
33
*23%
23%
23
23%
22%
22%
21%
22
15
14%
14%
137/o
14%
13%
14%
3%
3%
28%
3%
3%
3%
3%
22
14%
.
3%
3%
27%
29
*27
•>'/ 27%
*146
27%
24%
24%
24%
26
28
26%
27%
27
27%
149%
27%
*130
149%
v
*146
149%
23%
24%
26%
♦146
23%
24%
100
1%
220
35%
33
23
23
14%
13%
143/a
53,100
3%
3%
33/4
8,900
26%
263/4
2,000
27
2,800
So Porto Rico
27
27%
*146
149%
27
149%
23%
23%
263A
*146
23%
23%
23%
13%
133/4
133/4
\
25%
27s/s
tii,
122,300
24%
24%
22%
243A
43%
44%
45
42%
45
56%
*56%
58%
*56%
58%
4%
5%
4%
534
14
14% ;
13%
14
26%
28%
26%
27%
26%
27
25
26%
24%
25%
23
24%
47%
47%
43%
45%
43
58
58
56%
5%
6
30%
44%
6%
5%
30%
42%
43%
59
59
6
6 %
*115
7%
♦114
1%
.
29%
41%
5%
6
27%
•-
5%
*39%
41%
591/4
c
6
53A
50
48%
49
48%
49%
39
36%
39
36
37
36%
*115%
116
*115%
*115
116
116
:
115
*115
7%
7%
115%
*113%
1%
115
1%
•Y 1%
1%
1%
1%
116
115%
7%
7%
7%
115
:
115%
*68%
*115
116
115%
*68%
3%
3%
3%
3%
3%
3%
27%
26%
27%
27%
29%
32%
32%
32%
33%
32%
7
34%
36%
*115»/4
? '
1,000
4,300
116
30
69
69
100
*116
116
117
10
7%
1%
7%
7'A
75/a
66,500
*115%
116
116%
115%
115%
300
1%
1%
:L 1%
r
3%
3%
3%
28
30%
30%
31%
33%
35%
35%
3%
50
37%
116
1,400
16,400
49 %
37
116
7%
.
6
49
,
*69 %
116
All,500
•;
*58
49%
*68% .:
283A f
42%
1% :/■
3%
Y
4,600
33/8
29
31%
36%
33%
5,100
353A
12,300
Sugar
preferred
California
Edison
Ry
No
par
1
-
2
No par
1
;100
No par
No par
Brands
No
$4.50 preferred
Standard Gas & El Co—
par
44%
45
45
44%
45
18,200
Standard
I
29%
11%
12%
11%
12%
11%
12%
11%
11%
9%
11%
55%
*128%
5%
*19%
9%
12
56%
129
3%
79%
5%
5%
57/s
19%
19%
18%
19%
3%
3%
77
78
30
30%
•
31%
31%
33
*31%
33
12
*10%
11%
*11
27%
For
27%
footnotes
56
56%
128 y8
5%
26%
see
27%
page 463.
.
55%
*128
3%
75
129
,
Y"
8%
9%
1Q%
V
9%
12
56%
32%
■
9%
11
128'/a
3%
*77%
:i;
12
11%
5%
20
9%
9%
.
11%
55%
127
5
18%
9%
IV/2
56
56
29%
800
581/2
58 5A
3,000
12%
9,900
Stewart-Warner
11
12
9
13,900
9%
16,500
113/a
10%
26,200
56
56
*128
*128-
130
1,400
150
5%
5%
8,600
18%
18%
18%
18%
183A
3,400
3%
74%
r
28
33
:
*31
33
10%
*10
11%
3%
28%
26%
3%
28%
-
*31
*10%
26%
3%
74%
74
74%
29%
•
3%
75
28
33
*31
11%
*10
26%
__1
'Sterling Drug Inc—
U3A
~5%
3%
26%
12%
9
Spring
29%
Y
5%
30
27
12%
5%
28%
26%
59
11%
56
*30%
10%
-
128
74%
3%
75
:
29%
12
29%
59%':
11%
58%
11%
28%
58%
12%
12%
•
29
59%
Oil of Indiana
26%
9,400
_
,
800
29
'
4,300
33
200
11%:
100
203/4
5,600
Starrett Co
(The)
L S—
No
par
-_10
Corp.-
-5
8tokely Bros & Co Inc
St Webster——,..
8tudebaker Corp (The)-
No par
1
Sun Oil Co
No par
-1
Stone
Class A
—
pfd (4% %
;
100
cum)
Sunshine
Mining Co
Superheater Co (The)
Superior Oil Corp
Superior Oil of Calif—.,
Superior Steel Corn
Sutherland Paper Co.
Sweets Co of Amer <The)
Swift & Co
100
No
;
par
1
_25
-100
10
—
12 %
25
-
L
7
Apr 29
25
Jan
2
58% July 30
7% Jan 12
4% Jan
2
5% Jan
5% Jan
48% Jan
122
Apr
3% Jan
127A Jan
1% Jan
2
6
6
9
2
2
2
Deo
2%
Jun
15%
Jan
10
17% Jun
26%
Jan
6
122'/a Nov
144%
Jan
14"% Apr
9% Apr
21 Va
12%
Jan
10
Jun
18 Va
Nov
18%
Feb
49% May
12% May
23 ®A Jun
39
66
34 3A
50% Mar
25
Apr
6
143/4 July 17
30% May
30% Apr
5
5
5
5
6% Jun 30
Apr
6
Jun
28
55
Jun
10
31
July 13
::
Jan
1% Apr
1% Nov
31
Oct
3
Aug
3%
Feb
Dec
59
July
24
Nov
35% Mar 15
44 V4
31%
Jan
July 24
30
Sep
37
59 % Jan
26
49
Mar
60
Jun
26
2% Sep
4%
Jan
6
29% Sep
27% Jun
45Va
Jan
38%
Jan
7
513A May
42
July 14
116% July 13
69
July 30
108
Dec
40%
17
Apr
109% Aug
2 3A Apr
115% July 30
89 % May
116% May
8
Jun
6
A
Mar
Jan
114
<
Feb
49%
113
Jan
5
Jan
110
Jan
Jan
Sep
%
®A Apr
ty» May
2%
Oct
313A July 29
11%
Jan
36 y4
July 29
6
13%
Jan
40
May
29 Va
Deo
2% Mar 13
6% Mar 13
;
Apr
' Mar
Apr
30% Apr
25 y4 Apr
5
31% Mar 31
223A
66
42
29
Ott
Dec
47
Dec
40
Nov
9 % May
14
Jan
Deo
July 12
3% Mar
4%
4
6%
Nov
6%
Nov
553%
Jan
7
13% Jun
5
63% Mar 30
July 23"
1
73/a Apr
22
34%
62
7
1
10% May
129 V*
Deo
Apr
5% Jan
May
14% Jun
May 28
4% May, 10
82
4
1
33
2
273/8 Jun
22% Jan
/
Nov
17% Apr
21% Dec
58% Feb 23
14% Jan 20
26'A Jan
4% Feb
Oct
Jan
10%
45 y8 May 26
44
1 Va Jan
cum
100
113% Deo
203/* Jan
15% Nov
% Mar
4
44%
11%
6
37 % Jan
*44%
59%
Jun
Apr
Nov
1% Mar
14
Apr
25
45%
29
30
149% July
10
18
45%
12%
39 % July 16
25 V* Jun
Dec
1% Dec
July
15% July
9
Apr
20
Standard Oil of New Jersey
Standard OH of Ohio——
60%
30%
8
Standard
24,900
3,200
29%
19% Apr
38% July 14
593A July 19
13,500
58
12%
27
18
2
17,700
36%
55%
29%
% Apr
20% Aug
1% Feb
27
12
38 3A
36%
57%
60
July 13
xl3% July 14
443A July 20
46V2 Jan
37%
36%
56%
13
Deo
28% Jan
38%
36%
57%
60%
& Jan
Aug
Jan
25
38
36%
30
35
Nov
17
9
Jan
10% Jan
28% Jan
No par
38%
12%
7%
11% May
25
$4 preferred
55%
59%
2%
2%
33
21%
24%
32%
57
3
35%
33
Deo
Nov
4%
7
May 29
2
4
5
5
8
36
*29%
,
No par
—No par
5% conv preferred
Squibb (E R) & Sons
$5 pref series A
Steel
7
Jan
2
Jan
9
Jan 12
-
No par
37%
7%
2
13
No par
1
No par
preferred.
Spencer Kellogg & Sons
Sperry Corp (The)
Bplcer Mfg Co
$3 conv preferred A
Spiegel Inc
tConv $4.50 preferred
Square D Co
1.
$6
jan
Jan
Jan
Jan
6
Jan
6
Jan
4
Jan 26
Jan
2
Jan 18
Jan
9
Jan
2
Jan
7
Jan
6
109
Jan 28
49
Jan 10
113
Feb 17
4% Jan
2
100"% Jan
7
59
7%
21 %
10%
15%
15%
35%
42%
v
Jan
%
18%
28
20% Jan
2
13?
Jan 15
No par
Spear & Co
Standard
9
66
10% Apr
2y8 Jun
Apr
No par
8parks Withington
$5.50
Apr
54% Apr
4% Mar
30'A May
Jun
5
16% Jan
25
7.50
37%
7%
4%
July 13
30
29
5
19
No par
39%
7%
46
14
16% Jan
2
1
July 15
No par
100
57%
7%
10% Nov
60
11
37%
7%
Apr
Deo
2% Jan
5
36%
7%
8
52
28% July 26
59%
7%
6
173/8 July
17% Jan
21
Jan
2
10% May 21
28% Jan 11
3% Mar
73% July 26
lOVjMay 5
73% May
8
10% Jun 11
2
38%
7%
,177/a Jun 25
2% Jan
39%
7%
7
Jan
4
Jan 20
Jan, 7
Jan
8
Jan
4
1
58%
8
8%
64%
5%
31%
13
Jan
15% July 15
5
Apr
6
37
7%
62% Nov
11 % Dec
2
2
39
Y
Dec
43 V2 May
47/b Jan
85% July 14
19
59%
'
17 y8
Jan
38%
44
54
10
39%
'
Sep
10% Apr
1% Dec
65
59%
45
lVa
108
39%
38,700
% Dec
24% July 19
38%
.
i
1
10
5
prior preferred_--_No par
$7 cum prior preferred
No par
Standard Oil of Calif—
No par
.
Feb
4% Mar
4JA Jun
5% preferred
__100
tMobile & Ohio stk tr ctfs—100
;
1,660
59%
50
*115%
115%
800
54
27%
29
40%
*58
5%
48%
27
Deo
A
10% Jan
Southern
100
14,300
lUVi
8
9
Jan
Jan
Jan
10% Jan
Oct
Deo
116
% Jun
.1
59% Jan 12
Deo
39
I
26% Jun
par
___1
Jan
98
Mar
4
2
19%
21%
106 y2
Mar 23
2
^16% Jan
-
Jan
Jun
May
25% Apr
109% Aug
16
112
110
23 % July 20
Southern Natural Gas Co
8,700
'
Feb
Sep
Sep
Jan
20% July 27
Corp.-
Southern Pacific Co_
45,000
5%
*5%
54
X28 %
59%
~'Y
27%
27%
50
27%
i
28%
*58
6%
6
*48%
;
29%
41%
43
59%
5%
5%
54
28
29%
43
,
*48%
5
34
40
*68%
28%
v
*5%
A;
29%
*58
6%
%
4%
5%
54
29
29
:
5%
*48%
44%
*39
"
6
54
30
6
50%
115%
5
*48%
59
*
.
5%
i
*29
■v
30%
*50
:
5%
30
*58%
•
58%
6
54
*29
•
45%
5%
*48%
.
44%
58%
Y;
60
,
115
7%
78
1
15% Jan
Southern
3,300
1,500
28%
14
29%
Feu
15
8%
13%
13%
27%
,
43
Jan
*9% Dec
12aA Apr
373/4 Apr 19
1073/4 July 24
Smith & Cor Type v t c__—No par
1493/4
27%
13%
30
Jan
9
111
May 4
107% Jan 23
A Jan
2
% Jan
2
Jan
A Nov
1% Sep
10
104
112% July 29
12% Mar 26
Socony Vacuum Oil Co Inc
1,000
•
13%
15
Nov
44
22% July 19
S'eastern Greyhound Lines
27
27
26%
Smith (A O)
4,000
Jan
;
Deo
13%
Jan
100
South Am Gold St Platinum
3%
7
9
July 28
19% Jan 12
No par
Iron
21%
35
Jan
21%
Jan
5
8
No par
&
t$6 preferred
14
;
105% Jan
'
15
34%
..
9
63A Nov
29% Apr
July 24
No par
21%
.
29%
*58 %
—
Corp——
2
Mar
47 V*
10
Simon da Saw & Steel
Sinclair Oil
70,200
v
Petroleum
Simms
500
<
Mar 11
13
7
No par
25
9
9
—13
13
;
16
Jan
No par
No par
—
27
♦441/a
Jan
7% Jan
No par
4,100
*1
Jan
9% Nov
% Jan
$3.50 conv pref ser A
Shattuck (Frank G)
3%
-
A
1
No par
41%
1%
1
5
27%
*1
Jan
54
May
% Mar
No par
;.
33A
1%
Oct
27 Va
Feb
1
Sharpe & Dohme__
100
16
3% Mar
No par
100
41%
1%
Jan
5%
Apr
3% Jan
9% May 8
273/4 July 19
18% Jun 28
6
38
Corp.---
12%
1%
x20
2
No. par
*25%
*1
Apr
No par
No par
27%
24%
6 »/8
"6%
96
42
24%
12
July 19
17% May 4
100
27%
.
Apr
Nov
Apr
3% Mar
A Jan
5
41%
24%
31 %
28'A Jan
100
26%
.
Jan
1
% Jan
—5
*3%
23%
Jan
85%
39% July 21
4
-Y
25%
8%
75 Vs
2
35
42%
24%
15% July 19
4
.100
27 M
25%
Oct
933/4 Jun
11% July 13
2
32% Jun
—100
No par
42
4
73A
74
129 % Mar
34%
26%
4
Jun
23
43
3% Y
Jan
78% July
May
6 % May
f
100
27%
4
20
Dec
54
70
100
-
43
3%
Dec
4%
18
Feb
5%
19
100% Mar
86 3A Jan
36"% Mar 30
Francisco.
27%
4
7
Feb
Dec
Nov
2
Louis-San
28%
4
4
9% Apr
98
70
2
7
2
20% Jan
11% Jan
43
Jan
10 i
Joseph Lead.
"
4
6
25% Jan
34% Feb
10
No par
No par
2,800
"
10% Apr
IV* Jan
Jan
5% Jan
80
1
Servel Inc
100
<
5% Jan
6
*^5% Jan 13
il/a Jan
7
100
90
10%
10
2%
20% July 14
46
*43
46
10%
9%
10%
10
10%
71%
49
Jan
101% May 24
86% Apr
6
11,600
73
38 V*
6
Sharon Steel Corp.
$5 conv preferred
5,700
1
July 19
59% Jun 12
Feb
47% Nov
11,500
15%
15%
85
2
Sears Roebuck & Co
:
19% Jun
7
May
34% May
6,700
15
♦70
Deo
?
No par
preferred
conv
I
',81
15%
73
13
20
49% July 22
$2.50
Seagrave
16%
*70
7 % May
x55
Mar
Jan
7%
7
1,200.
15%
73
Dec
5
12
Nov
2
7
6
4
•:
15%
*70
16
Sep
3%
8
Seaboard Oil Co of Del
33/8
so y4
10% Mar
May
23%
Jan
2,200
'
81%
Dec
6
10
4,600
22%
80
22
Dec
20
No par
tSeaboard Air Line
4-2 % preferred-—
.
22%
80
79%
1%
2%
*3
Apr
6
4
100
$4.50 preferred™.
$4 preferred—
114% Y
1
2%
2%
.23
3%
3
3
82%
2%.
:
.
10
73
27%
22.
21%
.
3
80%
2%
.:..
16%
15%
*43
23%.
3
85%
2%
.*
86% July 27
11% July 24
11
5
2
preferred.
,
60
16%
♦72%
A
22%
3%
;
2%
2%
•:
V
1
•
8
Jan
No par
100
preferred.
Scott Paper Co
1123/4
16%
17
10%
24
:
1%
Jan
6
l*y8 Jan
100
5% preferred
Safeway Stores
200
15%
A 73%
*16%
*70
,2%
83%
85
16%
2%
23%
-
20
41/4 Jan
5% preferred——,
Savage Arms Corp.
Schenley Distillers Corp—
5%% preferred
,
■
j.v
Dec
14
Jan
95% Jan
preferred™tSt Louis Southwestern—
9,500
42%
1123/4
70
1
8 %
12,600
107
*105%
Jan
May
1% Jan
100
500
;
34%
♦41
*112%
*112%
114%
32%
39
7% Jan
ISt
190
!
9% Y
x87/a
.
20
5% Jan
8t
'
35%
5
Jun
9
r
20
30
•
Nov
Richfield
3,400
y
28%
Ritter
3,100
46%
*5%
23% May
Roan
11,300
7% L
7%
6%
20
5% Apr 29
75% Jun 12
Rustless Iron A Steel Corp
v
Nov
30
Oil Corp
No par
Dental Mfg
No par
Antelope Copper Mines
Ruberoid Co (The)
No pat
*
Feb
•15%
No par
tCommon
90
1%
Dec
11%
8
1,200
s
3/a :.,'•%
i'L
1%
46%
111%
9%
31'A
% YY %
...
Inc
-
500
16%
12
26%
14
1
Reynolds Metals Co
2,100
50
Jun
22
10
5%% conv preferred
Reynolds Spring
Reynolds (R J) Tob class B
6,600
.
Dec
77/a
23% July
3
3% Jan
par
conv
t7%
22
66V4 Jan
4,600
v;;
.
243/4
15%
7%
112%
9%
35%
*5'A
243/4
*467/a
Motors,
t5%%
10.
9
45%
.
Y>
46%
r
50
%
1%
40%
'
No
—
prior pfd ser A
Revere Copper it Brass
Yl
Jan
22% Jan
•
6%
15%
26
Dec
Dec
100
is Co 1st pfd_^
Republic Steel Corp
&% conv preferred—
.15,800
r
143/4
*8
16%-
♦46%
31%
YY
IO3/4
14%
26
15%
16%
10 Va
,
.
9%
Reo
Den
54%
Apr
4
4,100
38%
26% Jan
Dec
3%
22% May 5
34% Mar 30
4
5,900
Y Y
2
69% Jan
620
; \
29%:
♦363/4
/
16
26
49
*46%
1%
112%
36%
15%
Y
32%
■
1%
26
*25%
15%
49%
v.
10%
29
38%
'*:■
91%
9 3/a
14% Jan
42% Jan
200
133/4
91
30% July
„25
70
280
•
15% Jun
6
100
7,000
."k"
7
tRensselaer & Sara RR Co
700
66
,
123/4
■Y
293/a
83/4
%
:
133/4
*363/4
11
*7%
9%
-.
10
•Y
88%
87%
*64
91%
10
15%
*5%
36%
•,
,
13%
91%
93/4
30
30%
Y.
9
*112%
112%
13%
91%
9%
8
llJ/4Jan
'
5
59%
34% Jun
99% July 14
29% Jun
7
with warrants
2,600
,
.
2
-
Apr
5
Remington-Rand
51,800
Y-
-
84
7%
913/4
10%
38%
*83 3/a
.
X123/4
14%
92
15%
47%
>
66
49%
8-
*7%
'
87%
*64
253/4
V
ill
*5%
>
9
47%
*86%
65%
r
Y /
18%
(Robt)
Preferred
Jan
21
2
1
100
Reliable Stores Corp
Reliance Mfg Co
120
100%
•
Hosiery
Reis
200
2% Mar
46% Mar
50
preferred
790'
8,700
8%
8
99
2d
Silk
Preferred
400
.
52%
17%
8%
87%
'
'
:L
/
Y
84
52 Va
84
8%
64%
83/4
16%
50
%
*1% Y: 1%
83%
8
10%
32% I 32%
%
84
15
27
*49%
84
86%
29%
.
17%
:/Y:Y
66
"363/4
9%
15%
16%
101
89%
Li: 93/4
16
26
*100%
7%
13%
293/4
16"%
18%
101
84%
92
37%
i',:
4
July 19
50
800
,
Y:
19%
Y;
8 3/8
18%
H 00
88%
39
11%
8%
18%
11
*83%
8%
*65%
,
30
15%
17%
84%
83/4
IP/a
8%
17%
*
17
100
10% Jun
50
1st preferred
4 %
Real
400
.
*17%
:
7%
84%
66
*8%
8%
19
101
91
•15%
v
8%
17%
*100%
19%
101
11%
112%
Y
*82%
15
*7%
83% V,:;
103/4
83
85
92
47
80
79%
17%
10%
YY
81
16%
14%
Yy: *5%
78
'
*82%
92
v-- ' :
86%
18%
15
•'•;;•♦% Y.
43/4
75%
71
2
26% Jan
Reading Company
4%
123/a May
4
54%Jan;v7
25
100
43/4
85
53
28 V4
28%
75%
1
preferred—
600
/
5
85
92
51
33%
76
17%
11%
.•/J-
33%
Y
$3
4,800
5
18%
65%
•
18%
;
No par
1
500
*73
87%
*913/4
f 32%
28%
8,100
Y
2
Jan
3% Jan
59
..100
Raybestos Manhattan
Rayonier Inc
500
30
.18%
19
91
,
C
11%
*11
163/4
*27%
*17
8
'
14%
13%
of Amer
No par
1st preferred—No par
conv
Radlo-Keith-Orpheum
t6% conv preferred
2,130
I
5
*11
84%
;
•
'
76
11
8%
92%
67
27
28%
*4%
17%
8%
*91
•ee-
♦49%
34%
16%
*100%
84%
297/a
*33%
11
■■Yv
"
84"%
26%
Y30
193/«
18%
18%
193/4
*37
18%
11%
53
102
is
17%34
113/0
9%
19%
'
;
18
533/4
♦100%
30
*82
18%
85
89'/a
;14%?Y;-
18 Va
11%
*18%
18%
♦53
14%
19
*
85
88»/8
Y 26 a/a
27%
*29%
.
67,400
*73
76
80
84%
14%
30 :/YY
*27%
4%
*75
*26%
$3.50
1,300
Y:
Y 83/4
Y
Radio Corp
137,600
Y:
70
'
8%
91
17%
28%
4%
5%
11%
:
19
♦18%
133/4
34
76
*74
27%
*29%
:v
90
34
*33%
33%
•*28
28%
*4%
♦75
L-v.
14%
•
90
10% V
9%
70
:
.
88%
29%
1
70
■
8%
*26
133/4
'
7.0%
103/4 : YY
;
-69% V. ' 70
85/« Y Y Y. 8%
83/4 "-U
10%
9%
70:
.;
26%
29%
18%
18
C.
-j
.7
/ ,v.
91
15 Y;/
*29%
18%
18%
i.
8%:
88%
.
.Y'
71
YY'vL 8%
30
14%
•
•
L vY
30
.
27
27
-
.
9%
94 ' V Y
Y 92
27%
♦29%
,V
10%
V 70%
71
8%
:
10
11
10%.
70%
9%
94
27%
:
yU
11%
71
;
May
7
32% July 23
July 24
5
12% Jun
2
Apr
3% Jan
43
Apr
116% Apr
3% May
11% May
8%
128
9%
Nov
Jan
Deo
Jan
15%
Jan
Apr
1%
Jan
"9%
May
16*%
Deo
17%
Feb
26 Va
Deo
1
3y8May
20
Sep
4% Aug
25
Jan
& FINANCIAL CHRONICLE
THE COMMERCIAL
RECORD
NEW YORK STOCK
LOW
July 24
$
July 26
r
$
per share
>33%
32%
32 Va
■0%
31%
29%
6%
33
30%
33%
'TVs'
'
7
32%
32%
32
32%
4,200
31%
31%
30%
31%
10,400
Sylvania Elec Prod's Inc.
6%
6%
11,500
Symington-Gould
7
7%
4%
11%
10%
6%
40%
25 Va
;
7%
8%
5%
2,400
•
190
1
*13%
14%
13%
32%
29%
29 Va
2%
2%
2%
2%
21%
22%
14%
15%
400
13% *
31%
3,300
100%
*21
12,900
990
28
49 %
48%
1,900
•
14%
101
G.600
28%
47 V#
29%
1
22
14%
100%
101
29%
4,500
48
f
8
2
per
share
Highest
$ per share
Mar
29 % Nov
15 % Aug
3% Aug
25% Dec
5% Jan
19 V*
Third-AVenue -Transit Cprp.LNo pat
i.
Thompson (J R)
.I—
25
ThompsonProdsXnc--———NO.par
Thompson-Starrett Co
___No par
i
$3.50 cum preferred—Nt par
Tide ..Water Associated'Gil.:.—1 .^.10
i
-t$4.50^onv preferred—l.No par,
Timken Detroit Axle
10
/
.
;3,0P<1 V Timlwh-Roller
14,700
.
per share
35% Apr 22
35% July.
8
8% May 20
$3. dlv conv, preferredii....-;__.-10
:
2,400
'
4% Jan
$
Thermold Co—
140
1
5%'
■
8
1042
The Fait—w-—.....No- par
Preferred
100
.
5,400
8%
47
5%
22% Feb
Corp..
Jan
$
_
1
90
29
Lowest
Talcott Inc (James)
9
5 Va % partic preferred—
.50
Telautograph Corp..—
Tennessee Corp—
T
5
Texas Co (The)
25
< Texas Gulf Produc'g Co.—No par
Texas Gulf Sulphur
No par
; Texas Pacific Coal & Oil
10
: " Texas Pacific -Land Trust.
__l
i
Texas & Pacific Ry. C6»_. .-j.—.J00:
.
Thatcher Mfg C.o———Na par
>:.t$3.60 ,cony. preferred-.LJ._iVo par
'
92
47
6
5,800*
7%
8Ve
8%
46%
46%
■15,000
9%
*86%
88
*85
19,500
*
42 V2
*6%
,
45%
*6%
25%
9%
42 Va
9%
*44
11%
23%
27
9%
3,400.
17%
10%
10,400
40
15%
12%
11,000
;
5%
39%
17%
11%
2,900
11
51
5%
41
16 Vi
700
4%
49%
11%
100
44
4%
53%
5%
300
7%
"42%
42%
4%
52%
t per share
32%
31
Year
Range Since January. 1
Lowest ■ .v.
Highest
Swift International Ltd—
8%
*8
42%
Range for Previous
STOCK
YORK
EXCHANGE
Shares
t per share
$ per share
NEW
for
the Week
July 30
July 29
$ per share
share
Sales
Friday
Thursday
Wednesday
July 28
7%
32%
TVs
$ per
STOCKS
SALE PRICES
July 27
32%
33%
31%
34
32%
:
share
per
AND HIGH
Tuesday
Monday
Saturday
Monday, August 2, 1943
-.
Bearing^^iiJVd
Transcont'l & West Air Inc
0,600
par
Transamerlca .Corp....—.2
5
1
Transufe. &
900
15,700
:
170
3,200
,
'
29,900
;■
13,900
■'
3,100
:
500
:
•
4,200
*56%
•56%
58
58
55
54
57
53
54%
54
52%
V
Truax-Traer Corp_^____:
No
20th Ceil Fox. Film Oarp-t--No
$1.50 preferred
No
Twin City Rapid Trail
No
-7 9t prWer ed._-.__i
j
Twin Coach Co..—
par
par
par
par
100
,._1
53
11%
11%
10%
11%
10%
11
10 Va
10%
10%
10%
10 Vh
10%
84%
85
84%
85 Va
83 Va
84%
82 Va
83
83 Va
84%
72%
83%
115%
115%
*115%
117
*114%
116%
*110%
112 V4
*115%
117%
*115%
117
*111%
•
WilliamsSt'l—i-_Nopar
.;TrlHContinental;Corp-L.'-i2._
^..1
.'$6 preferred.:
...j__No par
ii2%
*111%
112%
21%
21%
*21 Va
101%
95
*27 Va
35
22
112
;iii% iii%
112
21
21%
20 Va
21
20%
*114%
*110%
112%
20%
20%
20%
100 Va
95 Va
98%
95
100
102
98
97
98%
98
95
102 V*
95
94
94 Va
92%
94
93%
94%
94
27
27
27
27%
27 %
27%
34
3iye
33%
33%
33%
31%
95
27%
27 Va
27%
27
35%
32%
34 Va
32%
111%
112%
112%
110
30%
30%
30
31
21
21
*113%
—
67
67
;>24'
''25;.
1%
1%1
„•
33%
32%
27%
30%
21
21
*113%
__
108
26%
28%
21
21
*113%
109
108%
—
•
110
109
28%
*21 y8
21%
67
66
24
24
—.
23%
23%
1%
IV2
1%
1V2
1%
30%
32%
31%
32%
30%
32%
15%
69 %
•177
1
9%
42%
38%
37
6%
70
8%
42
*40
38%
15%
178
8%
*40%
*6Va
67
23%
23%
1%
181
9%
i
*65%
66
33 V*
29%
21%
*21
*114
*114
66%
27%
110
27%
29%
72 %
*178
■
110
.
16'/a
16
72
.
108
10Q%
117
37%
*5%
6%
17%
17%
16%
17
109 Vt
109%
*109 %
110
7%
7%
7%
7
*9%
9%
9%
9%
'
33%
32 %
33%
33
40
*39
37%
-
38%
2%
2%
41%
43%
125%
Xll8%
23%
47 Va
119%
55%
120
24
.
23%
48.
48
Jan
71
71
54%
55%
Dec
Dec
51%
54
71
55%
27%
103%
126
53
Jan
55%
119%
120%
24
23%
Jan
Jan
Jan
46% Jan
48
1%
Oct
1
21%
33%
*117%
Vanadium Corp of Am
22%
U
t
Van Norman Mach
Van
34,
7%
—
Tool
Raalte Co Inc
1st
—
preferred——
43%
Vlck Chemical Co
70
Vicks Shreve & Pac Ry—
*60
66%
4
4 Va
4%
52
53%
52%
54
*119%
122
*119%
122
J
32%
38
33%
*99
*143
33%
'
32%
div partic preferred
100
Va El & Pow $6 pref
.—No par
Va Iron Coal & Coke 5% pfd—100
38
Virginian Ry
6%
34
103
6%
Co—
:
preferred-
Vulcan Detlnning Co.
100
Preferred
34%
Wabash
10%
11
10%
10%
Waldorf
26%
27%
26%
26%
*107%
108%
*107%
108%
108%
footnotes
see
110
page
463,
—25
25
1100
"
__
11
36%
5
No par
Va-Carolina Chem.
27%
For
34%
4%
100
—100
preferred.—.
27%
37
*10%
37%
5%
Victor Chemical Works—
23
100
—5
*42%
*60
23
No par
—2.50
—-5
RR
preferred
System
Walgreen Co
4%% preferred with warr.
——
Dec
15%
*10%
Oct
60 Va
Nov
Volume
THE COMMERCIAL
Number 4199
158
& FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
Monday
Saturday
$ per
V
11
*2%
17%
2%
2%
2
*89 hi
*2
51
51
46
48%-X
46
14%
13%
14%
13%
.%•
46%
14
14
*89 JJ
89%
48
48
-X 46
14%
*89
X
-
'-i
89%
48'/a
$7
1,900
1
28
1900*
12
15% Jan
3%
50% Apr 30
18% May 25
5
13
4
Jan
20
7% Jan
7
36
Apr
5%
Not
Apr
13% Mar
41%
Nov
2%
May 29
16%
Oct
Jun
6
Nov
% May
2% Mar 29
1
Nov
-
56
16
July 6
15% July 15
79
May 13
89% July
27
No par
preferred
Highest
$ per share
31%
4
% Jan
5
1042
per share
4% Jan
50
„
9% Jun
5
par
Pictures
Bros
$3.85
150
8911
89 li
38% Jah
Year
Lowest
$ per share
2
No
preferred
Warner
55,300
4% Jan
No par
cl A
par
No par
No par
preferred
Ward Baking Co
Class B
700
14
13'/a
^
No
(H) Good & W Ltd
Div redeem
1,900
■••■//;
2
2
2%
13%
89 iii
89 hi
89%
*89 iO
89%
.
10%
10%
Walk
300
$ per share
Par
>•:'
1,900
•/•
Range Since January 1
Lowest
Highest
;
'r
Walworth Co
17,000
18 %
Range for Previous
STOCK
YORK
EXCHANGE
Shares
46
46
■r *i77/a
11
*10%
XX
14%
14%
17%
NEW
the Week-
•
7%
7%
46
17%
10%
*1%
2
2
2%
46
X
'«
pei* share
$
7%
:X 7%
17%
10
10%
10%
.7%
*17%
52
'•'"52
•
47
17%
11
10%
11%
46%
18%
*17%'
July 30
v
$ per share
46
46
47%
47
47%
18%
7%
'X
for
Sales
Friday
;
July 29
$ per share
7%
7%
8
7%
8V*
8Ve
*47%
*17%
Thursday
July 28
share
S per
RECORD
STOCKS
HIGH SALE PRICES
Wednesday
July 27
share
$ per
share
AND
Tuesday
.
.July 26
July 24
463
May
32% Apr
Feb
29%
NoV
Apr
8%
Dec
May
80%
Oct
Oct
a'.;: 39%
Jan
4%
X65
8
'
*28%"
•22%
23'
23
23%
16%
-.22%
;
16
.16
16%
*28% .* 28%
28%
*28%
28%
X
'
*25%
"
25%
25%
6%
6%
24%
26
'24%
IV*
V/e
*24%
25
X *74%
.
.
[■'j
22%
22%
Sr
15%.- 15%
25% ' 25%
22%
-
*22%
15 W
25 ••
15
24%
0
X
*15-
'
g',»
X 6
-
23%
75
73%
'
X
15%
16
15%
14%
82%
'
91%
85
.
83
83%
*82%
84
15
-v
15
93
*83
83
23
12% Jan
17% Jun
:1
—17% Jan
No
par
2% Jan
par
-/r -17% Jan
Waukesha Motor Co
1,100 j/
Wayne Pump Co
6Va-
6%
4,500
Webster
23%'
23%
2,800
Eisenlohr
:r
X
•
I 700
."73- C
73
•
$4 conv preferred-.'
West
16%
15
16%
23,900
81%
81%
81%
{ 180
91%
*79'
91'/a
82%
114%
114%
15%
15%
107%
114%
"114%
108%
*107%
108%
27%
26%
26%
15%'
15%
*107
108%
1
82%
92%
92 %
400
84
170
Indies Sugar
7%
6%
83
■
108%
115
v
15
114%
27%
4%
4%
9%
0%
37%
38%
24 %
23%
24
94 r
,05
27
27%
39%
*27%
27%
'
4%
5
;
15
X"
"4%
27
39%
.24%
•U
95%
95%
1
*125
69
No par
*26
: *94%
:
1
70 Va
/
No
3,200
38%
35%
37%
37%.: 38%
•36%.
38 %>
I 700
17,900
54
22
23
22%
22%
23%
12,300 ~
93%
6,900
4%
4%
94%
X,
92
90%
"X
9
•-9%
93%
♦•
127
38
38
"V *37
XX
25
23
*25
110%
ylio
110
*110
*56
60
26
110%
92
V
x 111
57% X57%
'
•'
.'27
*25%
?:
9%
•
1'Xx. X *127
127
X
39
«;
<
•
*•
70
:'
>
37
10%
:
5%
6 V*
94%
*57
94%
60 XX
'*93%
■
*25%;
*110%
94% "
22%
69%
v;
94%
21%
X
22%
70
1974
:
X
70%
•18%
69 Va
*18%
23
>'
J
27
3
26% July
Jan
77
21
July
15
May
20%
Jan
59 % May
x71%
Nov
2
July
15
17% Jun
19
7% Aug
10% Nov
82% July 26
34-'
Apr :
91
Jan
4
97
41%
Apr
104
Jan
•57
Jan
2
85% July 13
36
Apr
93
Jan
109
Jah
8
119
102
May
11% Jan ;•••■■ 6
103
Jan > 5
16
Mar 29
109
May 22
*93%
94% X"
22
21*8
21%
10 X
10%
*5%
.
19%
21
21 %
20%
21%
9%
10%
5%
6 %
5%
72%
*69'/a
71
70
70
25 X
25 Va
25%
25
25
■X-5%
57 a
7%
12%
•
X
•
10%
■
9%
10%
9%
6
*69%
5% "
5%
f-
'
'
71
,'71
$4.50
preferred.
Wheeling & L Erie Ry Co—
.
13,500 X
: 6%
''
White Rock Mln
30,900
White Sewing Mach Corp.._
6,400 V'
f 570
>
•
19%
'x; 20 X-,
.9%
6
*70
74
72
*25%
26
/•
26
~
6 V2
72
iy
"
'
25
13%
VM
7
8
13
8V4
*13%
5%
6
13
•;
6%
8%
77/8
,
X
J
:;-x
A
:
?
8%
7%
26
5%
5%
5%.
7%
6%
7%
v/2
7%
6%
7%
12%
11%
12%
12%
12%
121/4
8%
.7%
8V4
5%
-*-5%
"
77s
X 8 Va
■
...X';
X
■
136
40
2,200
65,800
'
•
Jan
-
'
'
*22%
M
10%
23
•,107/a
7
40%
*116%
'
40%
-
397/4
21 %
'
40%
*
39% "40'/a
21%
:
*120
135
*120
113%
*107
113%
*105
113%
*105
112
'
51
>53"
96
•
*69
70
XX
100
<•'.
70%
*69
:
18%
18%
17%
14%
15 %
♦
X ,40%
: 37%
-
97
15%
15%
*36%
37%
4%
4%
XX
15'/a
35%
4
50
X
49
51 •'-•'
*49
X.'
105
105
1
50
10
•Bid and asked
18
51%'A
95
69
27'/a
52
•
-S8
1,200
53
95
68%
68%
28
28
•
*50%
: 95
-52
-
*95
17%
17%
137 Va
*135%
t
:
17%
17
:
13 V8
15%
13%
14%
14%
14
14%
37%
X 37%
36
37%
22,600
96%
96%
96%
96%
96%
15%
13 Va
14%
13%
14
13%
14
36
32%
33%
33%
34%
32%
4%
4%
4%
4
4%
-4%
3%
....
17%
Dec
27%
Feb
58 Ve
Dec
69%
Jan
21% July 20
12% July
15 Va
Deo
2
12
Jun
15%
Jan
3
Mar
5 Va
Nov
Apr
3%
Jan
2
4
t In receivership,
AName changed to Sinclair Oil Corp.
prices; no sales on this day.
reduced from 100 to 10 shares.
a
|
90
Jan
Jan
2% Jan
2
1%
Apr
2%
Doc
2Va Jatt
2
6% July 19
9% Jun 28
2%
Jan
6
1% Aug
4% Apr
8%
Dec
4V4 Jan
2
3%
6%
Jan
73%
Jan
-
•
8
•
14% July 14
8% July 27
80% July 29
33%
n
7,100
Zenith Radio Corp
4%
Deferred delivery,
15,500
New Stock,
r
Shares
Saturday
i...
Monday..
L—>.
Tuesday
—
-
,*
Wednesday
Thursday
Friday
&.
-
1
Total
Foreign
Bonds'
Bonds
—
Total
Government
Bond
t
•
x->x
■
$66,457,600
«■
Bonds
729,000
7,725,540
■j
$402,000
13,574,000
13,772,000
13,584,200
9,791,400
10,640,000
XV;
$4,000
Sales
■
-'
;:
$5,502,000
■
'
14,304,500
1,500
7,000
-
14,108,200
24,500
281,000
24% July
July 30
.X-..:''a
"
.
Bonds
Government
ft
$36,600
3,150,500
1,528.000
Industrial
;
66,457,600
29,073,700
Nov
125
July
July 30
130
Jun
22
106
Nov
117
Mar
54
Jun
54
Jan
57%
Jan
9
Jan
15
58% Jan
4
13
21% Jan
.12% Jan
2
12
$69,657,600
70
30 Va
-
-
/ ■a-
J—
1
42
18
44
Jun
80
Jun
104
Jan
23
39
Apr
62
Jan
;
Total
—
.
23%
Oct
Apr
14%
Nov
Jan
121'/a
Dee
NOV
$5,164,800
17% July 13
41% July 14
Apr
77/a
28%
Jun
37%
4
97% July 17
78
Jan
87
Oct
9Va Jan
2
16% Jun
7
May
12%
Jan
12
Jan
2
4
77,132,100
77,714,000
Foreign government
2,195,261,800
1,148,538,800
Foreign cdrporate.
t :'•• •■••'.:•••./
••■
* X. '
"
July
29
30
'
'
'
*
on
2%
Deo
Jan
Exchange
Stocks
^
Bonds (Par Value)
Foreign
of
Domestic
Shares)
Total
$305,000
751,000
87,000
$33,000
871,000
1,052,000
35.000
30,000
1,117,000
y; 782,000
13,000
22,000
817,000
10,000
10,000
10,000
744,000
$105,000
/ $4,610,000
724,000
•■X'
3,000 "
743,000
$4,343,000;
1,536,600
—-
Foreign"
Corporate
$14,000
200,650
210,755
*
Government
$291,000
116,300
300,410
360,930
347,555
1,536,600
$162,000
July 30
1942
756,000
Jafl. 1 to July 30
1942
1943
50,601,697
10,196,895
$2,069,000' $137,065,000
$98,269,500
276,401
..
-
$4,610,000
^
,
roads
38.30
Total
10
6$
•
ties
Stocks
trials
22.17
50.50
10 -x First
X
Indus¬
15
Rail*
107.49
36.90
21.70
49.50
107.57
138.75
35.67
21.05
48.20
Grade"
Rails
•
,
107.62
103.41'
; 102.86
$2,138,000 $147,207,000
'
as
compiled by Dow, Jones & Co.:
10
Second
10
Rails
XX--
Utili¬
Grade
♦
66.29
64.87
ties '•
Total
40
Bonds
111.50,
111.49
96.70
-
1*
47.97
35.70
21.10
107.52
;
139.41
36.09
21.48
48.58
107.62
7
137.25
35.14
21.05
47.69
107.70
s
97.17
•"
'
*
v'-
'
102.94'
137.64
•
9*0,000
2,496,000
9,252,000
9,000
,
513,000
t
63.74 '
-111.35
96.41
102.37.
63.20' -.111.41
\
r
96.12
)
—J--
60,000
105,000
-Bonds-
142.07
-w
162,000
±
the New York Stock Exchange
Utili¬
20
*
143.99
—
_
20
t Unit of trading
><
st66ks and bonds listed
trails
•;
'
Feb
1% May
5 Called for redemption,
$4,343,000'
Totai__J
$2,274,392,500 $1,231,417,600
"
28—
July
8%
Jan
Bonds
-
July
7
37% July 13
4% May 10
Ex-rights;
y
Domestic.:
30
27
5
6
of shares
Stocks—No.
$1,998,600
X.:
Indus- •:
July
Jan
10%
111%
■■X
Jan
1943 x
;
_
15%
May 10
July 24
Jan
7% Jan
2
—.
-Stocks-
.
dun
60,165,641
Below ate the daily closing averages of representative
July 24
July 26-
%
19% Jan
;>
x
■:
-
Friday
Stock and Bond Averages
Date—
Jan
30
,,.
par
-
206,985,300
'
'
21%
20
18% July 19
141
X
82
•
■
xx-xx-, 1942
1943
;xr
$30,658,300
7
Mar
108
-
21% May
3
Apr
57% Jun
9
118% Jan
Ex-dlvidends.
Li.
■
Total.......................
Dec
Jun
117
(Number
.
•
31
•14%
12
42% July
24% May
l
'
:•
-
Jan
Jun
<•
pi
r.-cs ■•■■f'-.X- :•
Week-Ended July 30, 1943
\
,
r—
Foreign
Railroad
7,72$, 540
V 1,490,870
$49,500
*
of shares——_
Oct
24
145
Week Ended
Stocks—No.
Dec
2
2
88
X
Thursday.'.
$69,657,600
Jan. 1 to
1942
16%
11*0%
<;
15
44% Jan
X, 46
Jan
Wednesday
11,346,500
$49,500
$3,150,500
1943
Jun
20
105
Tuesdays
10,096,900
4,500
^ '
-
- -
Week Ended July 30
"
Sep
107%
30% Jan
Monday—
14,299,600
-8,000
•i
520,500 i,
516,000 i
;
Saturday.:
'
702,000
:
;
•
$5,096,000
387,060
1,455,740
1,786,390
1,847,990
1,023,590
51
Oct
-16% Jan
1
x
Sep
Weekly and Yearly
/:;-: x
Vnited States
1,224,770
—-
-
•
9
X
6
116% July 27
Transactions at the New York Curb
'
Week Ended July 30, 1943
11% Apr
27
8
—No par
CasDfsale."« Special sales,
Daily, Weekly aniYearly
Railroad
and Miscel.
Jan
Jan
25
Zonite Products Oorp
Transactions at the New York Stock Exchange
Stocks,
Number of
57% Jan. -4
-May
112% Feb
par
No
Youngstown Steel Doo;.,
1%
22%
100
8,800
Jan
53
•
No par
Young Spring & Wire
-No par
Youngstown S & T
100
t5%% preferred series A_
4,400
37%
*95 V*
33%
36,
13%
36%
95%
14%
:
14%
38
93
Apr
10
_
80 X July
15 Va
par
Mfg. Co
Apr
5
♦-17% Jan
-No
(Del)
Jr
Oct
50
40
*-♦
No
Preferred
580
.
(Wm)
Jan
Dec
July 30
10
Yellow Truck & Coach cl B_
27,400
36%
•;•
97
Wrigley
Yale ft Towne
2,300
'
138
136%
:
42 %
6
Apr 30
.X—_
-—
Apr
108%
26
115
Wrfeht Aeronautical
60
800
28%
28
17%
138
600:
.
69%
68%
28%.;
16%
134%
:V
X
141
5-1%
95%
.39 x
%
-
140
'15
:
1
28%
16%
/
•
.
69
27%
.18%
*95%
96%
69
141
141
141
(•
95
68
53
98
53
*95
.
28
27%
28
28
141
*47%
49
:-r
100% Jun
Dec
31%
>
86
•
Worthington P & M (Del) — _No par
100
7% preferred A_ .2
100
6% preferred B_
100
Prior pfd 4 % % seriesPrior pfd 4%% Conv sefies—:100
7,200
:
23
6% July 30
--9
XWoolworth (F W) Co^
10,700
•
*
'<l
54Va
54%
*96
49
51
53
96
52'/a
*52
21
Mar
22% July 23
10% July 26
10
Woodward Iron Co
700
*120 X': 135
135
*107
115
135
395/8
20'/a
21%
*122
21 %V.
22
32%
15
-
1
yxpx
Jan
5
5
100
—
Deo
127
Apr
19
_
Wisconsin El Pow
83
Aug
23
Jan
i:
—
I 100
Apr
109
9
8
6% pfd—
Wilson-Jones- Co.
2,100
:
39Va
39% X
20%
135
$6 preferred
4,000
107/8
21%
23
38%
20% *
20'/a
80 Va
80
*10%
*116%
*21%
,
39%-
38%
21%
;207a
10%
*116%
*122
135
*108
:
21
21
80%
10
v.
21%
,21%
,
80
80%
10%
10%
*116'/a 122
105/s
116%
'
22%
*122
10%
X;
22'
*21
7974
80
79%
116%
10%
120
*
'
;,22%
79%
78
"77%
120
Oct
Feb
x20% Jan
-
-i.
Jan
19 V*
13% May
l
2*/8 Jan
—
10
Jan
8%
30
Feb
14
Jan
40
3%
Apr
4% May
63 Ve
Dec
3
3% Jan
~
20
2
23 Va
Feb
Jan
104%
July 17
24% July 22
71% July 14
-13% Jan
XX-
1
■
15
-
V
12% May
14
96
-58% Jail
-
Sep V
July
>
60
Jan
•■•
Sep
•-■97-
Jan
18
July
9
85
-18
•■
10%
113%
Jun
13
Mar
3
112% Jun
15
"
77%
-
29% May
July 28
52
-
5
Wilson & Co Inc
25
.
106% Jan
—20
preferred
Willys-Overland Motors
6% conv preferred:.
45,000
8% '
Prior
;
Jun
100
5
12
-
par
1
Wilcox Oil & Gas Co—__—
4,300
12%/
8
8%
-
2
Jan
•
.No
Jari1
Jan
conv
Spr .Co
4
120
•81
t$4 conv preferred.-——. No pdr
80
I 400
•-
5Va
v:
......
*10%
•116%
8
6 % Apr
5
11% Apr ' 3
40% July 15
24% May 29
•-31v
White Motor Go
53,300
69%
:t
■•'■
7
-
15% Jah
-
100
10
5V2%
40 X
2
-
* 2
5% Jan
-
*26% Jart
.No par
No pdr
~
'
26
*257/3
July
'
29% Jun
i 2
2% Jan
'
50
Chlor Prod.
Jan
19
-
Telegraph
21%
23%
*19
10
100
X| 100
•
6%
>
100"
100
preferred
.No pgr
Wheeling StCel Corp^:
No par
$5 Conv prior prefj20
White Dental Mfg (The S S)
69%
70
*18%
par
2d preferred—————100
X Westvaco
100
,
No
.
10
60
-
'"
8.
Jan
4
50
1st preferred
——
Weston Elec Instrument—^;—12.50
7 no
:y;:
111
*57
-
23%
x
*69%
20
20'/a
20
20%
:
U.
1%
8
Feb
•58% Jan
Westinghouse El & Mfg
| 500
'
t:
22%
9%
s
Nov
19
-67% Jan
-•100
Westinghouse Air Brake.—No par
'
22.%
40
Oct
18
par
t6%
4%
-
94%
22 ;
:
70%
19%
•■■■'•
20
'
*15
14
Jan
100
i-
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60
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37
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.
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125%
125
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•"-•••••
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11%
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100
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preferred——:
Western Auto Supply Co
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1
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91 X
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preferred
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West Va Pulp-ft Pap .Co
550
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38 V*
39
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22%
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:
I
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,
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102.54
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1
$101,278,500
*
'
•
-
-THE COMMERCIALS FINANCIAL CHRONICLE
-;-r—"
'
-
Monday, August 2, 1943
••
iliii
Bond Record!New Yoark Stock Exchange
FRIDAY
' A:
...
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and
the week
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when
BONDS
.
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t
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1947
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'
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54
54
60
53
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58
1951
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24
1944
Af-S
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_
External 5s of 1914 series A
1949
4'/2s
1949
F-A
debt
1977
wks
J-J
1945
37
30%
38
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38
'
43
ACzechoslovakia
(Rep of) 8s
100.28
100.23
101.1
100.23
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100.9
100.30
ser
58
19
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•
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1955
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1961
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1969
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-
18
45
69
65
42
42%
65
69%
•
90
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90
87
MS
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86%
1969
A-O
Zm,
7s
1967
J-J
extl 6s
1945
M-S
series————..
(Republic of)
102.2
102.27
100.10
*101.27101.29
__
100.10
French Republic 7s
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100.10 100.10
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an
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1964
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120
f
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85
99
100
15%
23*%
23
12
24
81
68%
85
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extl 6Vis
1960
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1960
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1957
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20 Vi
1954
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1954
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90 Va
82%
91%
f 5s
s
(Colombia)
7s
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readjusted
4s
81
,
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62%
.
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1948
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54
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i.---
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1945
3-3
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s
f 7s series C
„1945
J-J
f 7s series D
1945
3-3
t'v'\ Z~
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s
f 7s
1957
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s
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-
series
Australia
5s
of
1927
54
101
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Assenting 5s of 1899
1945
Q-J
16%
1954
J-D
10%
1945
J-J
15
1933
J-J
17%
16%
18%
I*
18%
1958
M-S
27 %
27
27%
18%
32%
M-S
27'A
27%
29%
18%
32%
1899 S
Assenting 4s of 1910
a
•
external
s
f 6 Vis
A Sec
A 6s
12%
16
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12%
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/ 10%
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9 '
12%
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f 6%s of 1927
s
'r.,:
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'
fund
gold 6s
Buenos Aires (Province of)—
A 6s
.1961
stamped
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A
1958
1950
s
External
s
(Dora
Jan
10-year
15
Jan
15
1953
2.%s
25-year
3'As
2'As
30-year 3s
7-year
30-year
3s
2 Vis
22
*98% 108
3s
„
Jan
__
ACarlsbad
AChile
(Cltv)
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8s
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A 6s
A Extl
A os
A 6s
A 6s
For
s
1958
,1954
I 7s.
1942
1942
;
sinking fund 6s
1980
fund
Feb
6s
assented
Feb
footnotes
see
nage
98%
1
97
43%
43
46
A-O
1970
J-D
•86%
71
88
1955
A-O
79%
72
79%
M-N
M-N
3-D
Af-S
Af-S
M-S
*81%
16
40%
43'/a
40%
40%
43'/a
J-D
41
40%
43
95%
95%
58
APanama
100
50%
-
51%
34%
51%
87
83
93
(State of)
♦95
•—
92%
68%
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..
78%
..
79
77
76%
25
69%
77
10
70
76%
,78%
79
-
Hi
100
3-3
106%
100
100
104
■; >v
105
*18
J-J
25
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1981
F-A
23
__
1901
J-J
J-J
1961
1961
'1"
19%
M-S
y-s
19%
__
—
19%
19%
19%
15
23
23
A-O
15%
14
17%
17
20%
___1968
—
1961
1966
1952
1947
1946
—
30
27
17%
30
A7s
997/a 100
16%
30
A-O
28%
28%
20
33%
19G8
J-D
26
26
17
1966
of 1926
loan
(City of Brazil)
extl secured s f
ASao Paulo
%s
M-N
28%
28'A
18
31%
28
17%
31
8s
1967
1964
1952 -
J-D
MS
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104
101%
...
—
\
*25
81%
81%
—
21%
30
—
21%
19
82
18%
34
17%
33
26%
39
37%
32
48'/a
35
29 7/a
48%
46%
35
29%
70'A
62
72
16
20
10
20
17%
19%
11
14%
11%
12%
14%
11%
94%
85
13%
94%
secured
external
1962
A 7s
series B sec extl
1962
1958
*32
Af-N
Af-N
A Silesia
J-D
105%
of)
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extl 7s_
1958
A4Vis assented
,26
s
f 5Vis
AExternal sink fund 6s
26 y4
3%s-4-4%s
26
18%
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26 y4
18%
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25%
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extl 8s
AExternal sink fund 6s
25%
25%
52%
42
*32
35%
105%
18%
27*%
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68%'
7s
103%
20 Va
20
73%
29
A-O
I
s
A 8s
20%
66
J-J
J-J
82
29
Af-N
1936
31%
1940
Serbs Croats & Slovenes (Kingdom)—
dollar loan
AUruguay (Republic)
55
8s
external
§ A Secured
103%
101%
i
1957
1950
(State)
fASan Paulo
A 8s
97%
18%
28
31
247/8 .27
J-J
>
100;
25%
M-S
100%
90%
18%
1946
sink fund gold
municipal
35%
30
*45
1
F-A
1968
1
21
17
17%
A-O
1956
20%
'A
12%
a
1953
6 Vis
extl water loan
14
I
15
17
26
♦24
V
J-J
Af-N
F-A
extl
15
-
19
15%
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J-J
A 6s
—
20%
15%
15%
A 7s
23%
>
15%
"21%
106%
2
23
19% -21
19%
—
A-O
A-O
100 7/a
«...
20'/a
A-O
1958
101%
20%
19%
"16
A-O
—1947
i
f 7s
Santa Fe external sink fund 4s
A6
60%
-
20%
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n
J-D
Sydney (City)
20%
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s
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7.9
97%
105%
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1961
loan
—1940
101'A
24
105% 105% -:
105
19%
100
17
*103% 103%
J-J
17%
111
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J-J
A-O
71%
—
103'A 104
''
M-N
19%
1961
107%
4
106% 106%
*99 U
J-J
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-
20
ser
J-J
sec
23%
f 6s 2d
s
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83
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•
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53
48%
,
—110% in-
22%
*
106
..I960
11
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.
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J-J
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ser
A 7s external loan
76%
ly
1959
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—
79 Vi
f 6s 1st
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75%
M-N
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■
1947
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X
76%
'
,
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1963
95
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s
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A-1963
external 7s
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94
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Rio Grande do Sul (State of)—
'
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ser
1967
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'hmmh
87
.
f 5s
1963
1994
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2
94
s
ext to
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99'A
53
34
-
42
extl
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100
34
■
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•
•
f 5s
s
(City) sink fund 4Vis
A Stabilization
36%
33
40%
1961
468.
89
A4%8 assented
98%
Sep
Sep
90%
80%
:
-zZ
Jan
assented-
■
96%
Jan
f 6s_,
s
assented
sinking fund 6s
■••
1
*
sinking
96
77%
90
91
96%
-
««. —
94
78
98
1960
assented
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__
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\7s assented
15
83%
98
~
3s
85%
92
"88
IA Poland (Rep of) gold 6s
v
A4%s assented
94
82
43
.10
90%
ZZ
1960
1943
1961
1944
1967
1968
1948
93%
93%
Zz-
-1984
101%
94
A-O
f $ bonds
s
96
"89%
F-A
4'As
Ext sec ref 3%s series B
84%
J-D
:
MS
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96%
89
M-
101%
1963
58
69
93%
—
100%
1956
23%
125
93%
F-A
of) 30-yr 4s
23%
A
42%
'
•
100% 101
F-A
1944;
loan
Municipal Bank extl
93%
A-O
92 %
101
1965
Oslo
101%
89
MS
1975
f 4%-4%s
external
3%
Canada
16
6
25
58
93%
—»
—1943
93
82%
100
23%
16
__
21%
93%
F-A
92%
fund 4Vis
85%
Jf-S
82%
93
92%
F-A
fund
85%
1976
1976
f 4%-4%s
Refunding s
External read) 4%-4%s
20%
Jlf-N
,
93
A-O
1958
—
sink
24
79
1977
f 4%-4%s
||||5
21%
24
15%
i'
M-S
1952
_1957
Sinking fund gold 5s
r-a
1957
,
5$—.
sink
24
15%
1
i
22%
3-3
1957
Brisbane
21%
78%
5 A Brazil (U S of) external 8s__—1941
'■'V AExternal s f 6%s of 1926
—1957
AExternal
15%
16
22%
16
J-D
84
(State)—
sink fund extl
4s
54
1955
91
84
External
24
85%
■
89 Vi
*84
■'
85%
f 7s
s
15%'
84%
J-J
External
46
;
84%
M-S
!
•90
6s———————
54%
1
6
54
21%
85
1955
s
J-D
External
85
1949
External
16
11%
16
External
-
82-
13%
U-N
—1959'
Norway external 63—-
55
44
1
s
;
-*—1952'
,
f 5s
s
External
92 %
f 6s
•
South Wales
External
MiM'-'
A-O
1956
external 6Vis
Belgium
v'v
;'*m
——1959
7s
(City)
1
A
series
*
17
"16%
'
f 6 Vis
AMontevideo
F-A
1972
12%
M-N
A Sec external
92%
1972
1928
V 20%
M-N
5s of '25-1955
.1957
(Commonw'lth)
External
External g 4Vis of
*20
zz
58
M-N
1971
S f extl conv loan 4s Apr
20%
20%
3-D
AAntwerp (City) external 5s
—1958
Argentine (National Government)—
S f external 4Vis
1948
S f extl conv loan 4s Feb
21%
■'
A-o;
f 7s 3rd series—1957
loan 4Vis
«...
0'~
1943
1945
assented
extl 5s of
(US)
?ATreasury 6s of 1913 assent
Geraes (State)—
*52 'tf., i
z~-'
1968
_1945
4s
coll 7s A—
20%
"
Minas
Teleiype *
MM
97
11
A
NY; 1-1693
F-A
70
85
80
AAssent.Ing 4s of 1904
New York
AExternal
8 f conv
"
31
,A-0
(State Mtge Bk)
(Prov)
AMexico
:
6s
s
87
87
__
1952
•
'
1947
(King of Norway)
sec
'
f 6s series A
s
(City)
Jugoslavia
Mexican
York Stock Exchange
Broadway,
(Colombia)—
sink fund 6s
AExternal
'
ZZ
22%
22%
1968
(Republic)
Mendoza
Municipal
1st
72
72
■
2
86%
.
97
stamped
1949
———1949
unstamped
New
f
— —
Greek Governments—
Telephone
s
86%
__
■
; 2
?
87
72
1
87
;..i:
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87
87
74
47%
69
87
*
A-O
1940
52
•
60
74
61'/a
61%
•
1940
54
30'A
'
1
;■
Af-S
1942
5Vis
series
Finland
WERTHEIM & CO.
AExternal
135
38 %
1
54
70
67'A
71
'
(Dept)
107
106%
'
102728
102.7
*101.30102
5Vis 2d
Foreign Securities
AGtd sink fund
93%
104%
7
*'ZZl
*50
J-J
1962
Customs Admin 5Vis 2d series
A
AAntioquia
ZZ'
■
103
72%
.
m—
135
54
,
—
A-O
1942
5Vis
§A2d series sink
__
and other
Akershus
102%
*-**■>
184
"A.— -'
135
'•
A-O
1952
J A Dominican Rep Cust Ad 5 Vis
§ A 1st series 5 Vis of 1926
101.12
South American
AGtd
101%
;-'M* Z— M'-?'
ZZ
—
'
AMedellln
,
60
39
-
96
J-D
A.1951
ASinking fund 8s series B
SADenmark 20-year extl 6s
Irish Free State extl
&
40
16
ZZ-;
95
95%
3-D
_1953
5 Vis
—
37
ZZ. I:\
"
*102%
-Z~>
v
Sinking fund 5Vis—
Public
■'
64
48%
20
-
';
*102%
F-A
loan
external
■
102
*100
64
52
ZZ
*36%
*36%
Af-N
52
38%
33
37
37
Si
3
63
62%
62%
A-O
J-D
Helsingfors
Govt.
23%
62%
1970
Mtge Bank 6%s
100.15
*101.22101.24
„
M-N
We maintain
Foreign
23
18
11
e23
17%
e23
■;
1953
Haiti
Agricultural Mtge Bank
22%
1
Jan
100.26
100.12
1980
2-2300
24%
17%
•••*<•?>•'• ZZ'
v
'
Transit Unification.Issue—
3% Corporate Stock
REctor
23%
18%
43
*
1951
bondsy.
100.14
103.16
101.8
24%
17
'
105.10
J-D
24%
21
1952 •
A
101.7
*105.8
25
17%
1
Copenhagen (City) 5s
25-year gold 4V<is
101.14
*100.18 100.20
__
__
25%
19%
'Z'Z--:'-''
_Oct
t $
s
-
*100.20 100.22
J-D
i960
Z Z
i/(,• :ZZ
'■V'h
101.5
101.4
*100.25 100.27
M-S
A-O
18%
;
1
9
'"1'
A--.
M-N
4Vis
f-
*101.2
_
A-O
^
18 %
u-r
ZZ
F-A
102.13
104.11
*101.5
„
J-D
26
18'A
'Z~
■i
1940
107.8
*101.10 101.12
.
M-S
J-D
24
"
18%
Af-N
External
101.25
v-
102.7
*104.22 104.24
__
J-D
Af-N
1928—
Cuba
106.23
'
—
——
*102.5
Af-S
26
25%
20%
'
5 A
.
20
18%
1947
'
J-D
High
23%
18%
2
19%'21:
20
ACosta Rica
4
*106.22 106.24
J-D
19%
18%
1962
A Sinking fund 7s of 1926
A Sinking fund 7s of 1927—
24
100.27 100.27
M-S
Af-N
J-D
J-D
1951
1927
external
AColombia
101
100.11
100.8
of
of
3s
104
104
100.10
100.13 100.15
„
J-D
Loto
(Republlo of)—
A 6s
106
*100.27 100.29
__
3-D
22%
i960
A 6s
•!' jZZi
-
104.9
*104.7
....
21%
11—1962
(Hukuang Ry) 5s
Colombia
*104.13.104.15
M-S
21%
1961
assented
-
107.4
Af-N
1961
Cons Munlc 7s
Chinese
20%
1961
assented
No.
112.20
*117.21 117.23
_
A 7s
A
20%
1957
6s assented-
A Chilean
ZZ".
■
107.8
*107.2
__
M-S
108.21
108.26
104.9
*107.6
_
3-D
A
111.26
108.15
1
7
111.24111.24
ell2.2 ell2.7
__
109.11
Ms-3
"elll.30elll.30
M-S
J-D
A 6s
January 1
.
V'.'v Zw'Z' Z'Z:":
A-O
1963
AGuaranteed sink fund 6s
104.26
107.10
Range Since
Sold
•
1957
i
1
.
Bonds
High
ZZ
<1A
mum
1963
AGuaranteed sink fund 6s
112.23
107.6
A-O
igea
Sinking fund 63As
v
Friday's
or
Low
1962
A6%s assented
104.5
2
*103.28 109.30
•
111.28
109.9
2
104.9
A
106
Last
Sale Price Bid A Asked
„
sinking fund 6s
A6'/as assented
110.20
105.28
'
'
}
110.13
110.6
•VV.
(Continued)—
AChile Mortgage Bank 6%s_,;
103.3
111.4
(Hep)
AExternal sinking fund 6s
A 6s assented—
zzzz
106.30
el07.13 el07.13el07.13
J-D
1944-1952
1945-1947
series M
'
y:A'A'A;Aa.'»'a- AaA'.'':-.'A
Week's Range
Friday
Period
AGs assented
102.1
*104.7
•
__
M-S
1944-1964
--1944-1949
3s series A
l%s
-
Corp— <
Home Owners' Loan
Ay.'/jyAyA'1' \i
.■■■•;. v.--
Interest
External
106.3
100.21
3
ell2.12ell2.12
M-S
M-S
J-D
-
•'
**
w
*111.29 111.31
J-D
,
•
—
*105.31 106.1
M-S
Treasury l3As
Federal Farm Mortgage Corp—
314 s
104.20
•
Chile
a
106.6
*111.2
_
__
1951-1955
-1953-1955
-June 15 1948
Treasury 2s
High
*106.10 106.12
;
__
3-D
-1947
1948-1950
1948-1950
1949-1951
1949-1951
1949-1951
1950-1952
Sept 1950-1952
2s
Treasury
; '■
.■
.
Week Ended July 80
.
114.1
113.6
♦101.31102.1
J-D
Mar 15
Dec 15
Jun 15
Sept 15
Dec. 15,
March
2s
Treasury
.
-
J-D
—1951-1955
Treasury
■■
BONDS
Low
■
V"'
*107.18 107.20
100.21 100.22
V.._
MS
27As
—
2%s
1945-1947
23As
1948-1951
2%s
1951-1954
2%s
2%s
2%s
1960-1965
2>/as
1945
2%s
-----194a
2%s—
—"XS"?!§
2'/aS
1950-1952
2'As
1952-1954
2Vis
1956-1958
2%s
2'/aS
1963-1968
2Vis
1964-1969
2 Vis
1967-1972
2 Vis——---1951-a953
2 Vis
1952-1955
2 Vis-;
———1954-1950
No.
■
High
*104.19 104.21
A-O
SJi'ioS
3s
Treasury
Treasury
'
New York Stock Exchange
Range Since
January 1
Sold
113.11
*113.9
....
J-D
1944-1954
1946-1956
1943-1945
1944-1940
*-1946-1949
—1949-1952
Treasury 3s
Treasury
.'■'■■■.■■■'v.
•
y
Bonds
:
:
Period
4 Vis
Treasury
YEARLY
■■■
Week's Range
Last
or Friday's
Sale Price Bid & Asked
Interest
'0'p
--iVr ':':'*1. V. 8. Government
Treasury
WEEKLY
■'
'
income and
Friday
...
Stock Exchange
Week Ended July 30
New York
'
■■
defaulted bonds. Cash and deferred delivery sales are disregarded In the week's range, unless they are the only transactions of
outside of the regular weekly range are shown in a footnote In the week in which they occur. No account is taken of such sales in computing the range for the year.
in the column headed "Interest Period" indicate in each case the month when the bonds mature.
a ~
, V
'
"and
are
The Italic letters
v! V,:'-
'.A''.y.
'■■■■ V,'y
NOTICE—Prices
*
-
External
External
.
F-A
F-A
1960
1964
Af-N
Af-N
1979
Af-N
1979
Af-N
*__
conversion
conv
4-4%-4%s extl readjustment
3 Vis extl readjustment
(City)
A4Vis assented
external 7s
1978
J-D
1978
1984
1958
F-A
J-J
F-A
1958
F-A
84
*88
69%
66
66
71
t
64%
71
64%
13
12%
87
78
—
68%
'63
19%
137
1
—
4
—
13
3
13
22
88
85%
*86
*87
($ bonds of 1937)—
readjustment
3%-4 Vb-4extl
AWarsaw
J-D
1955
1940
.
88
04
72%
61%
67%
60
68
66
72
52%
12
10'A
66
13
13%
Volume
the commercial & financial chronicle
Number 4199
158
465
NEW YORK BOND RECORD
Friday
BONDS
*
New York
"
Exchange
Stock
u
BONDS
Week's Range
or Friday's.
...Last
Interest
s
•.
Bonds.
.
Sale Price Bid & Asked
Period
Week Ended July 30
Low
..Range Since
January 1
Sold
High
yy
NO.
Low
.
S A 5s series
*
A
A Stamped
^
_
■
1st
Southern 1st
4s
cons
1st mtge
Alabama
series
B
1st
*11-101%
♦104% 105
M-N
Albany Perfor Wrap Pap 6s__>____1948
r 6s with warrants assented>1948
;
69%
69%
V- 105
.102.:
s'-—.
tCentral of Geoj^la Ry—
..
y Alst mtge 5s_.
..i.Nov
100%
i'
:
104%
108
100%
iV'it
5s modlfled-w-4<--.--i----——,1—1949 J
:
5s .modified.
*t
Alleghany & West 1st gtd 4s
-1998
Allied Stores Corp 4 Vis debs.—.—1951
Allis-Chalmers Mfg oonv 4Si_-1952
Am & Foreign Pow deb 5s
:
-2030
Amer I
Am Internat
;
'A88%
-
104
104%
•
106.: 108...y
y
106
105% 107
<
99
53 %
f•:.
93%
90%
62\-5
y
y
8
:
102
;Si.
1294
Telegraph Co.—
10
?
104
91
110
109% 110%
110
110
114%
Central
A
Anglo-Chilean Nitrate deb
Ann Arbor
1st gold
1967
1995
1964
1955
(Del) .1957
4s
Atchison
series C
4s
Conv
1
RR
1st gold 5s__
1944
L 1st 4%s A
y
R &
&
106%
103%
107%
:—Oct
Atlantic & Danville Ry 1st 4s
Second mortgage 4s—
'
1948
'
•
,
102% 102%
103 A 103
32
1st
Div
A
91%
92 Va
68%
72%
87
40%
40
41
34 V8
12
104
104
-
32%
!;
2
'
•'
'106%
M-S
—
__
'97%
112%
85%
30%
,71
18%
16%
29
Division
29
40%
38%
16%
36
20
__
34
111
107%
98%
92%
108
83
98%
13
'71%
92%
105
70
55%
71%
•
m-n
70
M-S
;
100%.-
70
1
99% 100%
■
71
27
134% 134%
*
:
72%
92%
10UV4
J-J
1989
1989
:
■
y
■
,
J-J
134%
102%
108%
27
102
108%
108%
■
II
J-J
130%
14
107
107%
7
107% 108%
f-A
:
■
II
*120
1949
22%
25%
21%
J-J
100
100
■■
812
15%
31%
62
92%
100%
93%
:
100 V*
96%
103
97%
101%
100%
*99
—
102
-■■■■
99%
102
102%
m
■
■J-J
1949
—
118% 121
115% 115%
•
.1949
'
II
*118
i
__
a-0
1949
registered
167
y;: 53
97%
m-n
—
4s
•
'
101%
34
i'■' ■'
ft**
■
'
■
m-s
98%
98%
99%
334
81
99%
1977
f-a
80%
80%
82%
87
65
84%
-1971
f-a
90%
90%
91%
198
73%
92%
1997
J-J
42%
42%
47
171
1982
m-n
&
ref
series
5s
A
;
*124
J-J
J-J
66
68
38%
48%
31%
51%
48%
*
41%
;
76
44
M-N
J-J
50
10
29%
47%
12%
156
6%
15%
23
V
10%
y;-83
92%
10
59
—
12%
92%
11
J-J
31%
41%
10%
10%
45%
41
J-J
A 1st
104%
106%
53
—
A
;
47%
124
74%' 75%
46%
J-J
32
118
„
46
75%
J-J
y'
•
40
104
110%
19
273
♦26%
•
ARefunding gold 5s series B——1947
Refunding 4s series C
1947
& gen 5s, series A
—1966
A 1st & gen 6s series B——May 1966
Chicago Ind & Sou 50-year 4s
1956
45%
100%
■
,,--15
85%
33%
27
Chicago Gt West 1st 4s series A—1988
AGeu inc mtge 4%s
2038
JAChic Ind & Louisville ref 6s A—1947
73%
88
'
J-J
>
63
74%
"29%
19%
27%
;
m-s
gold 4s
cons
Chicago it Erie 1st gold 5s
93%
67%
37%
-y-i -ism 91%
67 Vi
67%
F-A
104%
18
34%
103%
-
20
y:;y.
107% 107%
A-0
1996
Chicago & Eastern 111 RR—
A Gen mtge inc
(conv)
112%
102%
107
53
2
; 32
19%
1958
1st
!10
159
83%
92
4s
V
114%
113
69%
83%
Illinois
104
102%
7
M-N
J-J
J-J
,
1953
3s
•
-
35
1st & ref 4%s series B
110%
—
2
J-D
1959
Atlantic Refining deb
•*'
8
General 4s
109%
7
111
'109
6%
84%
27%
F-A
-
1992
«
104 "
110% 110%
110%
111
111%
— —
__
50
189
,
3%s registered
110%
105
15
90
6%
■:
28%
,(y
30
A-O
v
1942
—
5%s A
Illinois division 3%s
106%
107%
105%
V
102 Vi 108
115 %
96%
95%
4
"
111 *
111
M-S
1952
1948
-1948
Atl Gulf & W I S3 coll tr 5s—
"
59
68%
23%
so
■;
(y 112% 112%
—
,
C-.
tAChicago & Alton RR ref 3s—1949 "
120%
111%
87
;
84
134
52%
32,
J-J
*
Banking—»• ;•»--y -.
Prod
2d consol gold 4s
*
103%
15
'
»
__
51
102%
•
15%
r
29
.
51
"
;28
impt M 3%s series E
1996
Creek Br lst;4s„—;
^^—1946
Potts
102102
106% 107 "*
J-J
:—1964
gold 4s
,y.
110 % 110%
*
COll
71
J-J
30-year 5s series B———1944
Atlantic Coast 1st cons 4s—-July 1952
N
61
J-D
1958
1st
&
50
106%
J-D
■
-I960
—
1st 4s
unified 4%s A
70 Vs
Ref &
/
107
J-D
J-J
General
74
119% 120%
119%
M-S
L
106%
51'%
105 % 106
Nov
M-N
J-D
1946
Atl & Charl A
98%
r; so
105% 106 %
A-0
Cal-Ariz 1st & ref 4%s A——1962
Atl Knox & Nor
34
71%
105%
—1995
1995
1955
1955
gold 4s of 1910
106%
106
14%
J-J
Ref & impt mtge 3%s D_—
>:■
1905
Trans-Con Short L
106
—
14%
A-O
——1962
—
68
1995
Conv 4s of
105
►101%
41
—..-1987
Chesapeake & Ohio Ry—
General gold 4%s
117%
100%
68
88%
16%
j-j
Chicago Burlington & Quincy RR—
General 4s
Stamped 4s
L_;—
Conv gold 4s Of 1909——
107 y
63
70
Q-J
M-3
F-A
J-J
Topeka & Santa Fe—
Adjustment gold 4s
110%
337
V
Jan
'*
^
Ark & Memphis Ry Bdge & Term 5s
Armour & Co (Del) 4s B__
1st sink fund
106%
M-N
6s series A—1975
30% " 57%
14%
110%
107%
113% 117
,
Am Wat Wks & Elec
107%
17
104% 105
——
98
39
37
-
'•
-107
30
(
110%
57
54%
84
J-J
••'Through Short L 1st gtd 4ay—„ 1954
Guaranteed gold 5s„—--I960
106 ^
Certam-teed
>1961
debentures
101%
14%
•.?
Central Pacific 1st ref gtd gold 4s_l949
-
:
A-0
3%s debentures
-—.—1968
y
J-D
3s conv debentures.
__1956 y;y' M-S
Amer Tobacco Co deb 3s—
-1962
A-0
3'As
102% 105%
52%
39
_1987
I
5s stamped
American Telephone &
106%
60%
48
34
101
101%
105%
84
11961
1987
.—1987
Central N Y Power 3%s—
110
78%
i <:
registered.—
•jy AGeneral 4s___i.
7 4s Teglstered—
,106
fcyX- .1 vj':103%
6
105
A-O
.1966
y -; 5s
69 '/a
r
y,;y.22i-yy 105%
;
Light 3%s
JACent New Eng 1st gtd 4s.-;
t A Central of N J gen gold 5S~
V
60%
379'it
;
-
«
;70.
69%/
105%. (105% 107%
.90
vf'-, 89%
90%..
*.
•
90 %>
*66
0> 104
J-J 'y
Corp conv 5%s__—_1949 iy
87%
:
y,
y; 89
;
,
.y.-_
M-N
5 Vis———1949.
G Chem conv
t,
-.142
96%. 98%t
'88 % 92%>y
c;-<s90.r.v
A-0
P-A
M-5
M-3
,.
^.97%, ?
y
4-0
A-0
•
—,—1950
income
A5s
.1950
_—
J-D
_.
*;
'
101
.
58
105
62
X
99
93%
„■
<
21
104% 105
.
A-O
;
High
i07% 110%
■V
J-D
Low
10
25
M-N
AChatt Div pur money gold 4s_.1951
A Mobile Div 1st gold 5s^.._„.
L1946
No.
110%
F-A
1959
gen 5s series C
Range Since
January 1
8old
105
57Va
'
J-D
1945
ARef &
,104%
J-D
1959
Central Illinois
"Alleghany-Corp-*-.'-Jv'l\y V.L-\> ■'.*
M-N
.1945
;.
A Ref & gen 5 Vis series B
67
;
94%
:
i
70
62
*62;,
100% 100'/a
SAConsol gold 5s
110:
•
69%
♦99%
102.
101%
...1950
w
Bonds
High'
110
'i
J-J
106
>
69%:
*66%
,
A-0
A-0
Albany & Susquehanna RR 3Vis—1946
3%s registered
1946
*».y<•
Friday's : ;
105
—
110%
F-A
w
...1981
debs
—1982
Celotex.Corp deb 4%s w w_.___._.l947
A cent Branch U. P 1st gold 4S-...1948
102%
y
109% 109%
■'
M-S
Celanese Corp 3%s
i-'v,
y-
J-J
1965
Cart & Adir. 1st gtd gold 4s.
103%
9
.1949
Ohio 4s
Carriers & Gen Corp 5s
104%
.
102
-
103% 104
J-D
J-D
J-J yy
I '. A-0
y ,A-0
3J/as——1972
mtge
102
or
Sale Price Bid & Asked
71%
48%
3
*102%
•
F-A
.
—.—-1967 ^:
3%s ser A
Power
,*
10 V
67
103% 103%
»
J-D
.
_1946
5s—1943
-1943
A
cons
65%
65%
Week's Range
Last
«
i
Period
,
76%
X.64%
J-D
J-D
M-B
.
Xoig
Carolina Clinch &
.
-1947
—
10-year deb 4%s stamped
Ala Gt
y
High
; ;
unstamped.——1953
—1953
4s—i—^1948
Adams Express coll tr gold
v
Coll trust 4s of 1907
Interest
Week Ended July 30 /-
..
ISACarollna Central 1st gtd 4s
:
•
Friday
New York Storlr Exchange
yy.y-jy.
,
Railroad and Industrial Companies
.
JAbitibi Power & Paper—
'/'<•.>■'
•■v.-
64%
6%
15%
66%
92%
43%
67%
40%
64
44%
69%
45
69 Va
45V»
:
69%
^Chicago Milwaukee it St Paul—
A Gen
:
Baltimore
1st
Ohio RR—
&
"
„
.
>
.
July 1948
mtge gold 4s
697/s
A-0
-
.
,">■ >
Vrti
•
Dec
Ref
-
(
:
&
gen
1
to Dec
-1995
due__i—
1946)
1
i'u-C74%
ser C
1946)
r.'J-JDyy.
(int,at 1¥»% ?
due—j—
1995
<
...
to y.;
2000 yy. ;M-S
F (int at 1% to
y .
yi
Sep 1 1946) due
———-1996
iy M-8
AConvidue
Feb 1.1960
F-A y
—
y
-i-
:
.
4s extended. to_;—-1951
(int at 3%% *
Jan 1 1947) due——
1950
Ref gold
to
V
»
.
•
-V.
"•
57.
<
.y
,
•> 32%
52%.
{J24% .5.37%
86
;
y4)66,i/
.
y
•«'.+>*.»-i yy
'•■■■
v
;
109
,51%
>70
53%
57%
126
40%
62
>5454V*
57%
40
46
61%
64 y
65
M-N
*" *■
^
.
j" •/■-!
66
'■
" ■■
■. ■
.
.
'
•
-
>3.%^..
.
;
J-J
62,
62
J-J
62
62
F-A
38%
4%s
x
U'
v
•
;
,->3%s
J-J
1951
.1951
J-J
.1989
*68
.1951
.1948
.1960
y
1956
■
"
A-0
'96%
;y'
;
loo%
A-0
y.
y
J-J
y
;
r-a
/,
iW 'i
45%96%
101%
104%
:
23
•
t
131%
V
100% lOOVi
;
,101% 102
I
104% 104%
—,-y
J-D
1944
1967
—1955
M-S
M-N
»
gold 4%s series JJ
1961
(; 1st mtge 4s series RR
1960
;
AInc mtge 4%s ser A
July 1970
t A Boston & N Y Air L 1st 4s
1955
Bklyn Edison cons M 3 Vis*.—
1966
Bklyn Union El 1st gold 5s———-1950
Bklyn Union Gus 1st cons gold ;5s_1945
1st lien & ref 6s series A—_—1947
Debenture gold 5s
1950
A-0
/
1st M
y
series II—
5s
92%
'y.-
1st
': Memphis Div 1st gold 4s
105%
103
—
Income
M-N
;
48%
F-A
.
..
y..
-.
41Ve
-
.M-N
110%
F-A
w
.
.
y,
y
i
40
.94%.
:
y
Buffalo
M-N
1957
1st lien $ ref 5s series B—
Buffalo Gen Elec 4%s B-J.
1981
Niag Elec 3%s series C—1967
Buffalo Rochester & Pgh Ry—
.
.
F-A
.
J-D
:
Stamped
>
•
r;.
''
-
.
94
94 Vn
>.
deposit—,—i—
Bush Terminal 1st 4s_--_*-i—1952
'.-.Consolidated 5s'————•—u-'—1-955
Bush Term* Bldgs -5a gtd—1960
ACertificates
i''
•
.•.
jy'-v
16
■" v
—
y
.. -
•<>1
f'yf.f..
111
y
.'53;'-;"
(i f;v'v
V v:
V
,
.':y
y-
.5(1%.
35% J
/•
^
ry
,.-y\J84"^'
A-0
J-J
i
A-0
i9%.y
I.r^-y73..„:
83Vs
%
C
r:" x
y:
.:,7
9;.-
58
74
77
y
1st
88
; A-o
; V _*:•
.108% 109% '
A-0
J-J
J-J
Guaranteed
1970
x,118%
ryC
J-D
1956
r
F-A
1955
Guaranteed
F-A
gold 4%s
gold 4Vis
,
Coll trust 4%s
5s
•
equipment trust ctfs
—
«■,
y
-
: 118% 118% .; ;y
108% 108%
11.
14
y
95%
'•
.
9
108%. 109%
-
M-S
118
♦119
113% 113%
^
J-J
86%
■
M-S
1944
;■
J-J
1946
;
—.
_y
.
y
86% 87%
IOO is ioo IH
,103% 103%
.
I
-
..
J-D
3%s
Secies D .3 Vis
gold 5s-;
Collateral
trust. 4 %s
F^r fnntnotes see
1954
page 468.
960
J-D
;j-j
•
104%
101
-
104
101
-104%,
101 %
Gen &
—
*72
:•-
,
.yy.
'I':
r-
—
•I:;
40
13%
90%
67
75
53%
62%
74
49
62
1
59
■
4y»
70
'
56%
*46
—
20%
8
74
56%
^
34%
53
69%
72
--
__
31
109% 110%
'
71
--
107%
9
103% 104'A
103%
86%
100
110%
104%
33
94%
105'A
63
105%
70
97
105%
__
53%
55
__
55%
108% 111%
110% 111%
108% 110%
__
»112%
y
109% 112%
__
86%
85%
70
342
54%
57%
54%.
i
54y8
81%
y
577/8
83%
.
t
23
41
81%
109% 109%
14
f 5s
4%s—--1961
5%s—
1972
series.B.gtd
1973
'V.4
a-o
—'.'v'
„
•
i-'
w-
-
—
•
—
—
61
83%
106%
109 V^»
*108
108
x
71
105%
99
97
97%
33
92
93%
•23
75%
93%
83
•
97
92
■
83
86
78
64%
86%
74
74 V,-. 77%
105
59%
78
:103%
104
a-o
J-D
a-o
89
88%
89
M-N
•45%
45%
47%
47
47
M-N
103%
J-J
A-O
102%
Ry 1st gtd 4s
65
105
*106
1945
f .4Vis series C—
90%
<58%
108 y
•-
—1977
s
46
*106
Colo Fuel As Iron 5s inc mtge——1970
Coal River
•
105
*107%
-L-X
f-a
a-o
s
46%
'
f-a
J-J
89%
85%
-
*-J
m-n ~
71
*90
54%
J-J
J-J
M-JV
.
61
28%
108% 110
__
>J-D
J-D
;
87
38
25
y
-mo
*111%
F-A
y
41
171
61
52%
259
87
i
,.y
59
J-D
.M-N
.
,
Columbus & Sou. Ohio El 3%s
-1970
Columbus A Tot 1st' extl 4s^_——1955
.
113%
47
71%
88%
.100%
102 %
105
.
,
95% .104%
91
4
'
67
a-o
1st
113 Vd
~
673
72
.
M-N
—1981
Columbus & H V
20
481
11%
90%
-V
'J
F-A
.
1977
-—
ref 4 Vis series B
117.%
66
39%
10%
,
v
gtd
1948
'gtd.-—i—.—,—1950
118%
103%
•
J-J
-1967
;
111%
.
34%
58%
90%
—
J-D
,_1966
113%
.5
;
J-D
60%
57%
90%
>'
>46%
-19
>'■
10%
34%
M-S
M-N
40
746
;
.V;.y
*103%
9
80
93%
118%
' 4
:
15
1,793
A-O
A-O
118%
110%
4
34%
-1943 ;
1957 y
1952
118- ■'
112
n
103% 105
109:;
19
y
-47
4,053
33%
105
113%
.
.113% 113%^
J-J
49%
49%
35
103%
'113%
yy.;.5
2
30
«
-
48%
22%
72
105
—
'V.
119%
52
m-S
8
"117% 117V,-
55%
49
J-J
8
-V-V
118%""
60%
50%
30%
A-O
—1934
1952
1960
1951
1951
1951
107%
'
Coll .trust
95 Vi
7 79
1U%
12
-y
1177/8 118 ( 'V
58
y
1962 :
mtge 3Vis-
Series C
*
~
Guaranteed
1951
«,
Canadian Northern Ry deb 6%s—\ 1946
Can Pac Ry 4% deb stk perpetual.
-
94%
A-0
gold 5s^
cj-Ocfc
Guaranteed gold 5s_
Guaranteed gold 4%s__—
f
15 y.
52
78
23%
88
49%
12%
*49
Union Term:1st gtd 3%s D—1971
1st
i__-1966
44%
13%
39%
,
55
,
Cleveland & Pittsburgh RR—
r
t
5s A—'. 1962
1957
Canadian National gold 4%s_
Guaranteed gold 5s
—July 1969
31
49%
Cleve Union Term gtd
gtd
33%
64%
35% (59%
78
j.
59
59%
63
300
48%
J-D
.
33%
34
\
44
Cleve Short Line ISt gtd
cons
-
32
U
60
170
62%
57%
F-a
1st mtge
i
California-Oregon j Power 4s__
62
72%
—
5s—
General 4%s series A
Canada Southern
5i%
44%
J-J
t'Bt X Div (1st coll tr gold 4s_.—1990 :
Cleveland Elec Ulum 3s
1970 y
;22% :
;»VK-2.:-v.^-y8Mr.^..88% -.T-
74-yryivl7y,
..8.3% Mlk>
61
46 y4
M-N
-
11
yy-
>
gtd 3%s series E__
1969
Cleve Cin Chic & St LoUis Ry—
;
General gold 4s—
——1993
;;
General 5s Series B——
1993
Ref & impt 4%s series E
:_1977
Ciri Wftb A M DiV 1st 4s__„
_1991
A-0
of
Debenture
Cin
*
A
115%
.
''-("'..'yv' ^Xy
'. j
.
; iy
..
109
.
104%
y
110%
Ik
110%'.
':yy»__y
\
99
•?
V/,
i
96 I
83%
:'v-6
60
32%
W
t A Choctaw Ok & Gulf cons 5s
Cincinnati'.Gas & Elec 3%s__
105%
20
;:;y
104
104%
110%.m
f
C43% <!// 431^45%/,
M-N
'
in
-y;y;
s-
-y;,
modified (interest at
i
359- to -1946) due—*._v——-.—1957
tBuriingtoif Cedar Rap JrNor—:
' yy
■■'',. } A 1st, & coll 5S:—^
— -1934
•
^(yy„:
,
-
y
72%
m-s
Childs Co deb 5s-
106%
'
:
30%
33 %
.45%
M-N
J-J
>
104%
-1
:
f.
81
♦58%
J-D
1st & ref 4%s series D
?
">M03%
15.
••
104% 104%,
-
yy
2
47.
y;
■ft. 38
J-D
1st 5s—1960
,*
yy
60
60.,:
58
23%
46
^;108% 111
72
.
'
16V4
61 y
55%
J-D
1963
1963
86%
39%
1:10% 110,%y
*1Q0%\-J,.
V(106% 106%y
y.fU--
J-D
45Vs
.
V-iV
M-N
425
53%
73%
-
57%
Chic & West Indiana com 4s__—-1952
91
40
y-
■;4%
57%
.
M-N
•—Dec 11960
guaranteed 5s
Union Station—
1st mtge 3%s series E
; 1st mtge 3%s series F
100%
80
85%
r
i
.M-N
.
i'
-84%
48%
y
2,176
56%
;
'
58%
M-N
ACertificates of deposit
Chicago
92%
92%
' x
-»89%' .95'
,
84Ve
gold 4Vis
Chicago St L & New Orleans 5s
Gold
3%s
105 V*
y
18% *44%
56%
M-N
1927
gold 4s
5ARefunding
Chic T H & Southeastern
78
2,730
stpd
5s
—
105%
92%
♦100%
•
—
J-J
1st
102%
~
•
Railways
part paid-
103%
102%
-427/a
98
55%
.
56%
M-N
tAChic R I'& Pac Ry gen 4s—>—1988
t.
ACertificates of deposit
—
§ASecured 4%s series A
102%
:
M-N
4.%oerl68 A—1949
100%
23
;
67 Va
13% -15%
"
M-N
—May 1 2Q37
May 1 2037
May 1 2037
2
103%
♦—
••
121
"
—1936
6%s__
ref gold 5s
A 1st & ref, 4 Vis stpd
A 1st & ref 4%s C
y
Big Sandy 1st mtge 4s—
Boston & Maine 1st 5s A C
13%
A-O
341
•'
M-N
16
•
.
registered——--1987
AStpd 4s n p Fed Inc tax——1987
stpd Fed inc tax
.1987 <
AGen 5s stpd Fed inc tax—1987
A4%s stamped-.
—1987
25%
;
.
100%
103%
34
105%
105
y
■- v
261
yy
65%
•
37%
-
M-N
AConv
98%
26
.V
-1987
132%
99%
;♦-•/.
^
100
128%
*99% 100
f-a
1965
15
.
^
registeredi——,——-_1987
J§AChicago
i
60
82%
.9
104% 105 %
105
1960
131
75
45%
•
101% 101%
105
1959
.1952
.
-
96%
•>
•
J-D
;
:
59%
y
>
^y-.
:A-o
1950
68%
;• !45%
y
,*'..96%
J-J
•
v67%
-
■'
-a-0
.
67%
y W
69%
•/:;. 68
J-D
-May 11989
> 4s
A 1st &
,
26
F
AGeneral- 4s_—_
A Conv
Bangor & Aroostook RR—
y. Con ref 4s
4s
stamped
series
§ A Secured
;
,,
.
.J-J
J-J
68
AGen 4%s
x ;:-y.„y
;i
i
35%.
:'-n4;r ^ ^2%y.:52%y
_v
60%;
62
^Chicago & North Western By—...
•>.* AGeneral, gold 3VS»s—.——1987
-
-vV
60%
62%
.
;
■
30 ;. ,32
.30% f,
;'V:
y.:;y>--:Vy;A'-.:
41%
,
k- '■
77%:,
32% A 52%
^
«-35% ^>^106
.
.;
i 39% >V-.' 39 % 41% \
,
t
.
1959
Toledo Cin Div ref 4s A---
•>
..*•
-
.
s'west Div 1st M
K
39%' U .39
*
.
Pgh L E & W Va System—t'';
•
'■(
-h'
<
60%
5y.
60%
J-J
*
y;!i
250
J-J
tChtc-Mllw St Paul & Pac RR—
A Mtge gold 5sv series A.—1975
> A Conv adjustment 5s-—-Jan 12000
■
102
ir
vr-
■
44.v44.
■
Ref & gen ser
•
41%
.
^
•
J-D
;
73%^75%3y
•
39%..: <,r-39 »/8
'
■■V '*- Ref & gen ser D (int at 1%
x: :; .
Sep 1 1946) due———;
v
.
J-J
4%s series C
AGen
75%;
59%
,.-r <
.
' :?
i
t
'
164
72%-,:.
Xy>. Vv/-;
69%
>
.
-
:
j
59%
May 11989
3%s series B—May 11989
-—May 11989
4 %s series E
-May 11989
series
4s
v AGen
.
Stamped modified bonds— c
:
r
v
1st mtge gold
(int at. 4.% to ••■:
i
Oct 1 1946) due———JUly 1948
A-0
Ref it gen ser A (int at 1% to
£
A
AGen gold
AGen
b
101 %
>{AColo & South 4 %s series A
1980
,
A Commercial
.*
1961
Debenture 5s
Income deb
1st extl gold 4s__1948
Mackay Corp—
'
w. wj.
-—Apr 11969
Commonwealth Edison Co—.-•1st
mtge 3%s;series
debs 3%s
Conv
/
25%
92%
104%
102% 103%
116
88
103%
110
110%
91%;
90%
92
195a
J-D
,
,
J-J
75
111%
111% 111%
15
114%
114% 114%
6
110%
112%
—
*
I——-—^-1968.
47
108%
—
♦112%
•
May
:'•(
—
•110%
F-A
47%
2
73
>
•110%
M-S
24%
103% 104%
I
ACertificates of deposit———-—
Columbia G & E deb 5s
—May 1952
y *
160
112%
54
105
110% 111%
t08% 115
THE COMMERCIAL & FINANCIAL CHRONICLE
466
NEW YORK
Friday
BONDS
Stock
York
New
Interest
Period
Exchange
Week Ended July
30
Last
or
Friday's
Low
1951
& L 1st & ref 4%s
River Power s f 3%s A
Conn Ry
Conn
1961
F-A
,
High
*113%
J-J
"'•/■'C-
BONDS
3 V»s
debentures
debentures
3 %s
1946
1948
1956
1958
1951
debentures
3 %s
January 1
debentures
4s
—
Coal s f 5s
>,
M-N
Litchfield Div
1946
J-D
—
—
36%
St. Louis Div & Term
43%
10
31%
511/4
44%
3
33
51%
Springfield Div 1st gold 3%s
1951
J-J
44 Vi
21
32
51 Vi
Western Lines
1951
F-A
6
02
series A
1963
J-D
1963
J-D
109
3
%
Gold
108%
109%
111
112%
110%
8
107%
108%
111
102
101
102
1st
100'A
A-O
ref 5s
*
40%
40%
Inspiration
Cons
5s
A
F-A
A 1st
gold 5s series C__.
42%
48'/a
Internat Hydro
27%
40%,
Internat
13'
48
42
7
7%
31
96%
47%
153
43%
56%
96%
96%
11
82
98%
36
40%
El deb
fund
36
MS
3
326
21%
21'A
23%
42
45
50
J-J
-.42
46'A
64
67 A,i:'
99 ?:<•
42
63%
48%
23'A
-70
38%
105 Va
105
105%
11
102%
105 Vi
107 Va
13
104%
107%
107
107'A
100
100
101
101'A
1952
J-J
79
Va
78%
80
F-A
83 %
82%
83%
2%
I
48'A
•64
F-A
5s
24%
A-O
M-N
& Teleg deb gold 4%s
52%
6%
23%
J-J
T
1947
M-S
__
104
24%
390
42
1955
series
V:
49%
102%
102'A
;
43%
J-J
1944
6%s
101%
3
101% 102%
1947
6s
ref
&
106 Va
103 Va 103%
1972
lien
108%
104%
%
A
1st
108 V2
28
105% 106%
A-O
1956
6s
42
24%
3
i-.-*"'* H
*108% 110
106%
A-O
Int Rys Cent Amer 1st 5s B
101
105%
1955
:
2 '•
<>
92
100'A
95%
19 i*
102%
175
.T 63'A
83%
138
66%
85 Vi
3%
28
1%
4..
>
6
73%
102%
108%
1951
MS
James Frankl
& Clear 1st 4s
1959
J-D
62%
62%
64%
41
46'A
67
Laughlin Steel 3 Vis
1961
J-J
96%
95%
96'A
13
94
96%
A-O
98
97%
98
7
86
98
A-O
85%
83%
88
246
84
84
86%
71
71
72
75
74%
75
j
108%
56%
202
&
Jones
101
107
103%
108%
39%
383
211/8
45%
39%
47
22%
45%
Kanawha & Mich
*§AK C Ft S & M Ry
101
34.
.
9
8vaN
79
3%
12%
12b
3%
236
18 Va
38%
34%
31
K
12%
9Vi
7%
1st gtd gold 4s__1990
of
ACertificates
ref gold 4s_1936
deposit
Kansas City Southern
&
11
6%
110%
112%
*112% 112%
110%
111%
J-D
1071/4 107'/a
104%
107%
J-D
*45Vi
47%
40
51
J-D
*26
33
26
34
Kings County El L & P 6s
Kings Co Lighting 1st
1st & ref 6%s_—
18
104
111% 112
A-O
J-J
Ry 1st 3s
1950
Apr 1950
City Term 1st 4s
1960
5s
impt
13
18
*97
J-J
18
Kansas
J-J
107
98
Kentucky Central gold 4s_>_»
1987
J-J
1961
J-J
*50
Stamped
1961
J-J
93%
Plain
1961
J-J
J-J
*85
1997
1954
1954
A-O
J-J
'106%
'108%
88
62%
75
69%
78 Vi
105%
110%
111%
114'/«
'171%
J-J
61
66
*
*93%
1961
89'A
61%
34
114%
Kentucky & Ind Term 4 Vis
:
3
8
107%
'
M-S
—
1071/2 107
A-O
25%
J-J
110%
J-J
25Va
;.r
2
85%
99%
5
102% 102%
M-S
Chemical deb 2 Vis
89
991/4
99
M-N
4Vis
& Tunnel
Term
71'A
MS
*995
-1961
1950
Dul Miss & Iron Range Ry 3Vis—1962
ADul Sou Shore & Atl gold 5s—1937
Duquesne Light 1st M 3Vis
1965
gold 4s
ASecond
60
332
53%
v
—
A-O
Val 1st gtd 4%s
1947
Detroit Edison 4s series F
1965
Gen & ret mtge 3%s series G—1966
Gen & ref 3s series H
1970
Detroit & Mackinac 1st lien gold 4s 1995
Detroit
80
13
58%
96%
J-J
..1956
B
Paper 5s series A & B
Ref sink
39%
26%
23
Ref
jADes Plains
Dow
"9%
A-O
ctfs——1935
Ft Dodge 4s
lADes M &
66 Va
38
F-A
1978
series B
ARef & impt 5s
35
J-J
to plan)
(subject
Assented
■<*
6s series A___July 1952
series
30
*103% 106
J-J
Aug 1955
W gen 5s
64 Va
62%
—Ia
•
50%
103%
A 1st
50
101
J-J
JADenv & R G
48%
54%
A 43
AAdjustment
*103'/2 103%
J-J
1st cons gold 4s.__1936
gold 4V2S
1936
§AConsol
77
54%
-51
J-J
51
*108'% 108%
67
J-J
t§ADen & R G
60%
78
A-O
39
37%
*101%
J-D
M-N
1969
1969
4Vis
ref
&
mortgage 4%s
61
47%
28
(i-i,
JAIowa Cent Ry 1st & ref 4s
J-J
*970
78%
58
42
75
A-O
38
D
1st mtge 3s
63%
77%
1952
27
36
100'A 101
I
11
60
*79
'92%
85
6
64%
JAInter-Great Nor 1st 6s series A.1952
20
I/v?
64
;
—
67%
54'A
42%
15
60%
1947
Copper 4s
Interlake Iron conv deb 4s
,
50
-:3S%
High
56%
fi
-'V
V
—
60
J-J
;
221 !?
;
76%
74%
J-J
1956
6
51
l
„_.1950
98'A
,
—
Debentures
Union Ry 3Vis series B—1965
Delaware & Hudson 1st & ref 4s—1943
Delaware Power & Light 1st 4%s—1971
4s
45
—
•
--.•
.59
Ind Union Ry 3%s series B
1986
Inland Steel 1st mtge 3s series F«_1961
Int Telep
Dayton
1st. gold
21
38%
36 %
gold 4s
93
32%
18
98%
42%
36
1st
•
J-J
1951
37
51%
Vi
F-A
1951
tAInd & Louisville 1st gtd 4s
109%
1
37%
v
3Vis
Ind 111 & Iowa
12
9
gold 3s
;■■■'/
66%
110
109%
97%
Low
NO.
111 Cent and Chic St L & N O—
103
111
*47
I.' 36%
_
1955
105%
*47%
J-D
1946
es
103%
*41%
98
f-—>
——
rec
22
49
.J-J
109
63%
J-J
Louisville Div & Term gold 3Vis_1953
Omaha Div 1st gold 3s
1951
50%
I;
■
rec
gold 3s.______1951
109%
112
Range Since
January 1
Sold
High
*75%
107%
108
102
J-J
rec
A7%s series A
1st
*93%
105%
109
-
•I: 37%
1st
49%
J-D
105%
112
iy-'M-tJi*-
J-D
1952
;;
A-O
J-D
1942
Dayton P & L
1st
F-A
106%
111
M-N
1955
series B
1966
1950
4%s
14
*110% 111%
M-N
.1950
2'As s f debs.
ADeposit
Cairo Bridge gold 4s
21
109
109
M-N
1966
ADeposit
104V4
Joint
1970
A6s
102%
99% 100
M-N
Bonds
Friday's
63'%
40 Vi
41
or
Sale Price Bid & Asked
M-N
44 Vi
J-J
J-J
J-J
i
1955
43 'A
.1969
ADeposit
Refunding 5s
104 Vi 104%
J-J
1967
Co
111
32
107
J-D
1965
Crane
Period
107.
107
104%
Last
Interest
Illinois Central RR—(Continued)
114
109
30
i
I;
Low
113%
—
Week's Range
Friday
Exchange
July 30
106% 107
107
Power Co—
Consumers
Stock
Ended
High
40-year
J-J
1954
4s
A Debenture
.
-1955
1956
;—1960
JAConsol Ry non-conv deb 4s
Consolidation
Week
1st & ref 4Vis series C__
_
Consolidated Oil conv deb 3%s
A Debenture
Low
No.
103% 104%
A-O
A-O
A-O
;
New York
Range Since
Sold
110
HO
v
Bonds
Consolidated Edison of New York—
3%s
BOND RECORD
Week's Range
Sale Price Bid & Asked
Monday, August 2, 1943
,
102 Va
103V2
106%
108%
"4
V2
111%
109%
32
IIO1/2 111 Vi
331/4
23
3
26
—
4 Vis
unguaranteed
5s
1961 \
:>_1950
1959
Koppers Cclst mtge 3Vis
Kresge Foundation 3% notes
JAKreuger & Toll 5s ctfs
•
46
93%
93%
90
93%
83
'
,
83
170'A
172
105
•I
■
-
1
18 :.
»
*4
108 Va
100%
103
4
98%
!
108%
105%
1%
—
106%
107
I
102% 103
102'%
61
85
1
93%
106% 106%
M-S
M-S
M-S
■
■
65
101
'
I
(NY) 1st cons gold
Elec Auto-Lite 2Vis debs..,
Elgin Joliet & East Ry
El Paso & S W 1st 5s
1962
A-O
*98%
II
82 Vi
80%
98%
I'V-'I-i
v
v
*" v?'
I/
'
1
-V
'
.
-/
mtge 3 Vis
1st
Div
i-'-.,<v, >
•
!.v.
:
' '.V
100
99%
99 V2 100 Vi
254
60%
60%
255
I
55
M-N
Peninsular 5s
1943
Flintkote Co 3s debs
.—1958
*J03
99
99
5Vis series D_..
J- J
*100%
M-N
103V4
J-D
1974
—
5s extended at
M-S
<
76%
3%s
1956
coll trust 6s
to
3Vis
1
registered—
mtge income
reg
of Berg Co cons 5s____ 1949
19%
41
20
M-N
10 Vi
32%
37Vi
fo
135
M-N
90%
10 Vi
4%
Oct 11945
i§AGa Caro & Nor 1st ext 6s
1934
Goodrich (B F) 1st 4'As.
—1956
Gotham Hosiery deb 5s w w
1946
Grays Point Term 1st gtd 5s
1947
Great Northern 4'As series A
1961
v General 5 Vis series B___
1952
General 5s series C
1973
;
102%
80'/a
94%
9
90 Vi
••'•
General 4 Vis series E
Gen
Gen
mtge 4s series H
mtge 3%s series I..;..
Green Bay &
ctfs
46
106%
MS
87%
71
72'A
;
69%
101 Vi
83'A
93 »A
80
89%
;••',■
2
72
69
52
92%
92
92%
92%
33
Lehigh & N Y 1st gtd gold 4s_
1965
_1945
A-O
M-S
93 %
Lehigh & New Eng RR 4s A
100
93
I
•;
75
.
V.
93%
4
94%
8
'
100
73%
92%
78
34
92
87
93
100
94%
v.
1944
v
5s
stamped
5s
1st
34%
55%
30
5
46
46
109
105 Vi
17
1061/a 106%
72'A
*71
F-A
Lehigh Valley RR—
4s stamped modified...
modified
Ry ext 5s._
Leh Val Term
1st 50-yr 5s gtd—
Lex & East
5s
2003
2003
2003
2003
2003
1951
1965
99%
3
97
16
109
112%
14
102%
112%
Long Dock Co 3%s ext to
107Vi
26
92%
108%
Long Island unified 4s
V Guaranteed ref gold 4s—i
4s
staraped_.___l
100
99%
107
99% 101%
87
83%
101%
98% 100 %
138
83%
100%
J-J
104%
J-J
102%
101% 102%
J-J
92
Feb
62
Feb
;
12
03%
,
18
.
i
.
105%
103%
75%
3
93%
58
272
63
12
99 Vi
99
48
104% 104%
74%
71
73
66%
71
66
75 Va
29%
462
.,
44
52%
15
32%
35 Vi
32%
33
M-N
36
36
39%
—
42%
M-N
A-O
Little Miami
69%
14%
9
8
—1950
A-O
106% 107%
43
91%
A-O
104% 105Vi
36
87%
105%
63
69%
94%
1949
Lo^iilftrd (P) Co deb 7s
1944
5s debenture
:
1951
Louisiana & Ark 1st 5s series A—1969
Louisville Gas & Elec 3%s
1966
Lou & Jeff Bridge Co gtd 4s.
1945
-
....
r
55 Va
7
>
.7
106%
109%
6
121 »A
122%
*107%
*104%
A-O
106
104
22
98'/a
104'A
17
98%
10
103
103
104
103
103
103 Va
-•♦--A'
92 Vb
*106% 107%
'{
'
•
121% 121%
91%
•;'.• 7
101
*103%
104%
107%
110
120%
122
94%
111'A
V 103%
v:
„
V; 78%
109%
92%
*110%
—
104%
99%
104
.
106
103 Va
—
—
104
„
—
107 V*
122% 122 Va
—
%
120%
105'A
8
107
75
115
106% 107%
«...
M-S
M-S
A-O
F-A
J-J
M-S
M-S
35% * 50
77
'UI~ :
'
M-S
—
41%
•.
104 Vb
107%
1950
Gu}f Mobile & Ohio 4s series B.—_1975
AGen mtge inc 5s Geries A
2015
1950
1949
1949
40
45
31%
•
68
107
107
28 Va
32%
44'A
*120%
—
M-N
1962
4s series A
gen
41%
68
——
—
J-J
A-O
F-A
-
t 43%
'
A-O
4
166
39%
—
•
107%
69%
''
38
32%
99%
110% 111%
J-J
55'A
■
1
M-N
»
1951
debenture
.111% 112'A
99%
68%
65
J-J
.1955
1944
Libby McNeil & Libby 4s_^
Liggett & Myers Tobacco 7s
101%
99 Vi
registered..
4Vis stamped modified
4Vis registered
110%
99%
w
73
67 %
'
*
111%
,
74
93
71%
•
3
72%
53
54%
F-A
,..1950
Lehigh Valley N Y 4%s ext
J-J
J-D
—.W
68%
1974
1954
stamped
5s
75
89%
86
88
*68 Vi
F-A
.1974
sink fund 5s_.
& ref
5s stamped
103
19
25
251/8
*86%
1964 t':;,
i
^
100
88%
*89%
F-A
1954
ref sink fund 5s___..___^__1964
stamped
1st &
-
100
i
1954
1st & ref sink fund 5s
J-J
J-J
B
90
87%
92
-lAV.;."'
98
*101% 102
Jv
West deb ctfs A
A Debentures
J-J
J-D
V
47
101% 103
23
.1977
—1946
1946
1967
T_
General mtge 4s series G
A
102
1976
General 4 Vis series D
1
101
90
14%
1
90%
4%
102%
11
15
;
12
10 Vi
J-D
J-J
& Ala Ry 5s
4
12
101
J-J
Leh Val Harbor Term gtd 5s
*103%
J-D
J-J
t A Georgia
98'A
J-J
38%
35
"33
1949
Castings 5Vis
Steel
98'A
85
1954
»
Gen
85%
35
^1954
Cons sink fund 4Vis series
4s
Gas & Elec
Dec
66
98
C
Lehigh Coal & Nav s f 4Vis A
98%
10 Va
Machinery Corp 3s debs..—1956
J-D
J-D
97'A
96%
J-J
1997
1997
96%
97
F-A
Lautaro Nitrate Co Ltd—
103 lA
3
96
102%
f.V
1982
3%
Lake Sh & Mich Sou gold
104 Vi
1
1031/4 103%
96
—
(Proof of claim)
of deposit
series C
Lake Erie & Western RR—
104%
83
12
103% 104 Vi
ACertificates
Francisco Sugar
5Vis
ref
F-A
1975
ref
&
1960
1947
&
Coll
100'A 100%
A-O
1953
Coll
Lehigh Valley Coal Co—
5s
stamped.
M-N
JFonda Johns & Glover RR—
Food
103
1945
Light extd 5s
Gas
.
1959
1st 4 Vis
1st & ref 5s series A_.—i
A Certificates
of deposit
IFlorida East Coast
§A2-4s
651/4
106%. 106 Va
*107
M-S
65
-
1961
deb.
JAFla Central &
v.
100%
92%
J-J,
•
L
•*
Rub 3s
Tire &
Firestone
J-J
1995
2015
1947
1971
inc 4Vis series A
& Erie RR extl 1st 4s
Ohio
A
106%
81%
Laclede
A 1st
M 4s series B
cons
N Y
.
79%
64
65
J-J
AGen mtge
.
79"%
102
102%
*1061/4 106%
MS
151%
100 Vi
15
101% 102
109 Vi
148
__
108
103
Railroad Co—
1st
'
102
J-D
A-O
Empire Gas & Fuel 3 Vis
Erie
♦*'.
*1511/2
J-J
1965
———1965
stamped—
5s
i
3Vis
107
—
109 Vi 109Vi
M-N
1995
,.1950
1970
5s
Ed El 111
*107%
A-O
Ry Minn Nor Div 1st 4s._.—1948
East Tenn Va & Ga Div 1st 5s
1956
East
Gulf
1st
Gulf
Mob
1st 5Vis B.
& Nor
mtge 5s series C__.
93'A
J-J
63
J-J
63
94%'
67%
54
97
&
ref
&
ref-4%a series
1st
& Skip
Island RR—
1st & ref Term M 5s stpd
*97
1952
J-J
Gulf States Steel s f 4Vis
1961
A-O
Gulf States Util 3 Vis series D
1969
M-N
104
_.
102 Vi
9
*111%
104
110
104
111%
series B__
1st
1st
-
69%
97
11
-/
Louisville & Nashville RR—
&
5s
C.!.l
J.1950
Unif mtge 4s series B ext.-
-I960
1946
;_1980
Paducah & Mem Div 4s.
Mob & Montg
1999
J-J
tSAHousatonic
1937
M-N
86
.1954
M-N
*10514
Houston
Ry cons gold 5s
4Vis debs
Oil
Hudson Coal
Hudson
Co
Hudson
&
1st
Gas
f 5s
1
15
80
1st
J-D
1949
5s
M-N
1957
F-A
551/8
55
57
A-O
28
27%
29%
A
AAdJ Income 5s
V 57
118%
56%
58
118% 118%
Atl Knox &
monon
—1955
Cine Div 4s
40%
117%
118%
46%
61%
220
19%
31
'
.
"
"
103% 104Vi
J-J
*9814
21
J-J
*96
A-O
*96
101%
104%
100%
Illinois Central RR—
1st gold 3 Vis
1st
1st
1951
gold 3Vis
_
gold 3s sterling
Collateral
trust
1951
Collateral
_1955
lines
trust
For footnotes
A-O
3 Vis
—.11.1952
gold 4s
see
page
1953
468.
*44
MS
1952
gold 4s
Refunding 4s
Purchased
Il95l
65
59%
63
M-N
58%
58
60%
J-J
56
56
57
60 Vi
59
61 %
__
64
293
20
95
97
96
59%
M-N
92%
97
88'%
95%
68
85
103% 103%
24
*107%
*105
I 100%
100
95%
102%
105%
109%
104
109%
105
78%
—
105
107
49
100% 101
*110%
104%
106 Va
104% 104%
*91%
108
94
110
—
91%
105%
101
110%
90%
90%
91%
12
84%
94
54%
54
56%
65
47%
59
J-D
' M-N
65%
65%
68'A
52
49 Vi
70
M-S
M-N
45%
45%
1953
western
Marion
%
94%
13
4%s series A.
1960
Sugar 4s sink fund__Feb 1 1957
1945
Gen mtge
Manati
97%
J-J
103%
99'%
J-D
Central RR 4s series A
AManila RR
1951
17
30
98%
93%
98%
4s—..1959
(South Lines)
*41
96%
60%
63
51%
65
47
60%
43%
57%
46%
61%
1st gtd
Steam
s
f
6s__
1947
J-J
A-O
II
101
Market Street Railway—
1945
1955
(Stamped mod) ext 5s
McCrory Stores deb 3%
1956
McKesson
&
Metron Ed
1st 4%s series D
Robbins
Metrnp Wat Sew
3%s
& Drain
Q-A
A-O
5 Vis
$§AMet W Side El (Chic) 4s
J-J
1960
M-S
1950
A-O
1938
F-A
-;
■
7
39
70
96%
96%
97
26
108% 109
112% 112%
103
102 Va
89%
9 8'A
105'A
106%
5
106%
109
7
111'A
113%
*109
109
100'A
100
—-
101 Vi 101%
A-O
Stamped
7
20
70
*101
13
I'.;
'
1941
3%s
Shovel
I- 7
7
70
—■
t§AManltowoc Green Bay & North¬
1981
107%
103% 104%
107
104
M
Maine
AManila Elec RR & Lt s f 5s
Extended
M-S
J-J
M-N
62%
6
59
312
0
1st gold 4s
:
A-O
A-O
A-O
A-O
J-J
J-J
F-A
M-S
105 Vi
"
Illinois Bell Telep 2%s series A
-
88
103
:
~
1962
gold 5s
Manhattan
131%
127
87Vi
Feb 1957
s
1st
series A
131Vi 131 %
1945
4s_.__1952
1st gold 4%s
South Ry joint
Hocking Valley Ry 1st 4Vis
'
3%s series A ext
Unif mtge
St Louis Div 2d gold 3s^
H
*
2003
.2003
ref 4s series D
1st & ref 3%s series E_„
'
'
2003
,.2003
84
10%
10%
6 %
90%
12 Va
BONDS
Low
High
Low
1951
1st gold 3%s
1952
Ref & Impt 4%s series C
1979
Michigan Consol Gas 4s
—1963
f§AMidland of N J 1st ext 5s
1940
t§ AMilw & Northern 1st ext 4Vis—1939
A SConsol ext 4Vis
1939
M-S
*92 Vi
Af-N
101 Vi 101%
1947
M-S
Sag 3%s
&
Stock
Week Ended
January 1
76 Vi
77
J-J
78
78
101%
64
57 y2
34
lC8Vi 108 Vi
M-S
106%
51
J-D
59
J-D
52
62
80
10
61
9
ATerminal
N
54Vi
Y
1941
t A Minn & St Louis 5s ctfs_,
_1934
A 1st & ref gold 4s
1949
A Ref & ext 50-yr 5s series A—1962
27%
34
;
72
M-N
M-3
23
23%
6Vi
1955
6Vi
7
*5>A
Q-F
27
55
Vi
2%
7%
8
1938
1938
A 1st
—_1978
28
7%
•'j-'7%
j-j
m-s
1949
5Vis.
ref 5Vi8 series B
Alst &
27
V
28 Vi
27
j-j
1946
ref 6s series A
&
A25-year
"'-
5s
28%
28
J-J
consol
26%
26%
j-j
§ Alst stamped 5s gtd as to int—1938
§ A 1st
/
8
7%
72%
50
Prior lien 5s series A
1962
J-J
55
54 Va
57
40-year 4s series B
Prior lien 4Vis series D
1962
J- J
46
45 Vi
1978
J-J
48 Vi
48%
A-0
30%
98 %
53
20%
2
109%
110%
22 Vi
110%
108%
112 %
1950
M-N
105% 105%
4
102%
106
A
1998
J-J
73
85%
mtge 5s conv inc
2014
A-0
136
29%
49
1961
F-A
Ry 1st gold 4S-1996
1949
deb 5%s
(Md)
110
Co—
4Vis series
RR 5s A
*80%
38%
84%
37%
42
45
O-A
131
131
_2
124%
132
F-A
deb 3Vis
;' *32
104% 104%
70
103%
105%
103 % 103 V*
5
34
40
1954
F-A
102%
103 7/a
1974
M-3
*124
119%
120
_1974
M-3
*115%
113
114%
A-0
Central
& ref
Gen
1%
64%
50
17
15
109
gold 5s (stamped can>'• cellation of guarantee)„_^.._1945
ACertificates of deposit
10
4%
8
J-D
110'/a 110%
17
110
Amer Co
North
15
*92% 103
90
A-O
1st 5s A
Debenture 3%s
i
4%
70
J-J
1st 5s
1st 4s
Kansas & Texas
30
85
31%
15%
26
•
30
16%
'
& ref 5s_„
gen
4Vis series A
103%
^Northern Ohio Ry—
Alst mtge
..
1959
1990
t A Missouri-Illinois RR
Mo
16
30
70 %
3%
4%
•
J-J
296
■■-t.V 4
•
19%
16
87%
*86
10%
8 %
Norfolk & Western
§ A 1st cons 4s stamped
45 %
14
108 >/a
mtge
-A Gen
North
High
32
16
f§ANorfolk Southern
Sault Ste Marie
Low
20
621
Lack & Ont.Pow
1st
No.
108% 109
Norfolk Southern Ry
9%
6
Bost
Range Since
January 1
Sold
12%
12%
M-S
&
38
Bonds
18%
J-J
1966
Y West
High
38
57
65
24
.
J-J
1946
Niag
2%
24
Jtf-N
1967
1st 4%s
F-A
1943
5s
Telephone 3%s series B
t§AN
63
61
57
J-J
Friday's
or
F-A
Niagara Falls Power 3Vis
81
38
1st gold
5s
J-J
1940
4Vis
gold
1937
1937
gold
§ A General
78
65
59
§A2d
109%
63 "
49%
80
51%
A-0
Week's Range
Sale Price Bid & Asked
Low
92 Vi
97
4
Last
Period
High
Niagara Share
tAMilw Spar & N W 1st gtd 4s
t§AMilw & State Line 1st 3Vis
tMlnn St Paul &
Friday
Interest
Exchange
July 30
t§AN Y Susq & W 1st ref 5s
Michigan Central—
Jack Lans
New York
Range Since
Sale Price Bid & Asked
Period
Ended July 30
Week
Last
Interest
Exchange
Stock
Week's Range
or,Friday's
Friday
BONDS
York
New
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4199
Volume 158
100
r
230
41%
59%
370
40%
63
49%
40
33%
52%
4s
50%
53
35%
56 %
Gen
29
34%
261
19
38
53
58%
88
35%
59%
35%
59 Va
22%
26
11
27%
48
*_.
65
50
69%
72%
75
94%
Missouri-Kansas-Tcxas RR—
*
;
5s series A—Jan 1967
adjust
A Cum
?
of
ACertificates
General
1965
f-a'
1975 j
1977 1
m-s
23
•*>V.
deposit
4s
"f
■!
;
.
series
5s
ACertificates
of
53%
m-n
52%
1949
1980
m-n
12%
11%
13%
54
52%
58%
of
'
?
-
53%
•
245
f-a
1981
-
M53
1
—
5s
series A
M 5s
Constr
M 4Vis
series B
& T 3 Vis
States T
Mountain
1st gtd 5s
Mutual Fuel Gas
*104%
A-0
*113 Vi
A-0
60
59
61%
203
50%
62%
; J-J
79
78%
81
308
66 %
81%
J-J
66
65%
67%
67
55%
68%
J-J
66%
65%
67%
85
55%
68%
F-A
109% 110%
22
109 Va
110%
M-S
112
11
111'A
112%
&
impt 5s series C
2047
&
impt 5s series D_j
2047
-
65
■
*95 Va
113%
110
113%
107%
15
103%
37%
44%
46
J-D
48%
45%
48%
67
35%
43 %
120
31%
1
108%
j-d
103%
Steel
Otis
1st
mtge 4%s ser
fund debentures—.1949
Steel 1st mtge 3s
1965
m-s
103%
a-o
104%
1954
m-n
5s
1948
j-d
gtd 5s
1945
j-j
——1945
j-j
cons
fANew England RR
AConsol gtd 48-
1952
1961
1986
England Tel & Tel 5s A
gtd 4Vis series B
N J Junction RR gtd 1st 4s
N J Pow & Light 1st 4Vis
New Orleans Great Nor 5s A
New
1st
104'A
103 Va
§ANon-cum
21
70%
84%
117
10
122%
108%
llOVa
J-J
109%
109% 110
30
106 Vi
110'A
J-J
104%
104 % 104 Vi
38
99 V*
105'A
111% 1121/4
6
106 V4 106%
13
105% 106 V%
18
F-A
100
28
Ref
96
96 Va
15
95%
95%
1
83%
5
106%
108
14
106%
108
54
80V4
0
107% 107%
'
■
96?A
95
60
60
M
■
—
—:
96%
Broadway Corp—
f
f-a
112%
110%
112%
109
112%
103%
106%
103
106 V4
-
J-D
110% 110%
1
*105
J-J
M-N
104 Vi
1955
F-A
*77 Va
100
108 Vi
109
105
102%
3
110%
104
1
„
104%
100 Va
95 *A
5
A-0
99
*116%
6s
96%
__
109% 110%
M-S
deb
Trans
100 Va
104%
110%
'
;
•
gold 3s loan ctfs
'
Pennsylvania Co—
Guaranteed 3%s trust ctfs D
4s series E
Gtd
Secured
64%
64 Vi
75%
15
48
72
26
50
67
9
95
78
57%
.
—
95
116% 117%
—
1944
ctfs—_—1952
trust
51 Va
70
j-d
j-d
1977
102'A
*102% 104
2
107% 107%
107
f-a
^,1960
!
■"'A-.-.-
m-n
—1963
a-o
1981
4s
j-j
106%
108'/a
107
105 %
102%
1
105'A 105 V*
103%
101
104
•
27
106% 107
107
75%
71%
67
.
110
15
A-O
1944
97%
50
69%
68 Va
•
97 Va
28
97
44%
h
72
111
*100
Paterson & Passaic G & E Cons 5s_1949
41
•
35
66%
92%
„
110
1960
P L 3s B
East
s
Parmelee
111
73
15
61
.
*49
66%
*98
110%
J-J
1938
& Tel 3%s series B____l966
mtge
1st
Pa
1
1956
109%
109
109% 109%
J-D
3Vis series 1
M 3s series K
Paramount
80
77
93 Va
1107'A 107%
95%
a-0
107 »A
108%
109%
J-D
125%
96
A-O
1954
*109%
J-J
J-D
& ref
Pennsylvania GlasS Sand 3%s
1935
7
104 Vi
106'A
105%
1971
& ref mtge 3s series J
Panhandle
118 Va
13
95%
13
1970
& ref mtge
3Vis series C
1966
Paducah & 111 lst's f gold 4%s_—1955
85%
*81
j-j
102%
106%
1966
■
25
Mexico Ry
inc 5s series A—_
.•?:
110% 110%
'
15
110%
110
104%
106
112% 112%
Pacific Tel
119
70
61
84% !
no Vi
f-a
—
tNew Orleans Texas &
y
a-0
j-d
103 Vi 103%
*106
J-J
1—1946'
1961
A
1962
IA 2d ext gold 5s
97 /
117% 117%
a-0
103%
M-N
J-D
111
107%
107
'
125 Va 125 Vi
j-j
J-D
'
J-D
104%
85%
84'A
j-j
19%
100
109%
109 %
27
J-D
'
—1960
1983
N O & N E 1st ref & imp 4 Vis
1952
New Orl Pub Ser 1st 5s series A__1952
1st & ref 5s series B
1955
New Orleans Term 1st gtd 4s.____1953
5
15
108% 108%
J-D
1st
Co
1st
101%
95
84%
84 %
m-n
110% 110%
109% 110%
1964
102'A
*116% 117
117%:
110%
J-D
1946
ref
&
1st
108 VB
fs
*100
j-d
12
106%
gold 5s
106%
102
104% 104%
Newark Consol Gas
26
El 4s series G
Gas &
1st
1st
105%
103 Va
J'
103% 105
■■■■.■j
72
mtge 3%s series H____196l
Coast
7
11
"
•
tANaugatuck RR 1st gold 4s
17%
jAPac RR of Mo 1st ext gold 4s__1938
82
68%
5
•'
—
3 Vis sinking
M-S
.,1946
Oregon-Wash RR & Nav 4S
108%
J-J
5s—:—1945
stpd cons 5sJ
Guaranteed
44
;
103% 105%
''
'
'
15%
108% 108%
100
M-N
.*.1966
1st
Transmission
15%
M-S
gold 4s
1946
Ore Short Line 1st cons gold 5s—1946
10
107% 107%
*,
'
National
41
81%
78'A
107%
m-s
3 Vis
(Aug 10)
3%s
debentures,.
Pacific
1960
1949
Prod
J-J
112%
78%
■V
112
J-J
110
111'A
*111
M-N
Elec
&
Gas
46
%
J-D
•
1964
1944
Teleg 4Vis ext
Oregon RR & NaV con
50%
40
47
41
1967
1st mtge 3Vis
Ontario
51%
109% 109%
M-N
M-N'
1st & ret mtge .3Vis
(Wise)
Oklahoma
,96%
89
96 Vi
«■
•
104%
13 f
107 Vi 107%
J-J
.
Co—:
1st gtd gold 4s_1948
Ohio Connecting Ry 1st 4s
1943
Ohio Edison 1st mtge 4s
1965
1st mtge 4s
1967
1st mtge 3%S„_
j.__1972
100
111%
7
Power
*§AOg & L Cham
101%
—
States
O
59
.-.-45
15
—':«
■
J-J
2047
•'59%
91%
5
-v.
'■'
J-D
f-a
Called bonds
56
2047
59%
38
113 Vi 113%
L 4s series A,—1978
Prod 3Vis debs
Dairy
Distillers
Nat
40%
impt 6s series B_„
Pacific
Nat
89
58%
46
impt 4 Vis series A
Northwestern
N
Nash Chatt & St
56
&
4s
ext
Essex 1st gtd 3 Vis
Constr
55%
58
35%
679
63%
60%
f-a
1965
1966
1951
2000
1955
1955
1968
1947
1st & ref 3%s
Power
Montreal
&
Q-A
69
42
15 Va
36%
-
100
m-s
1960
debentures
Montana
100
m-n
1966
Monongahela Ky 3 Vis series B
Monongahela W Penn Pub Serv—
1st mtge 4 Vis j
Morris
2047
6
193
58%
5%
.
36%
58%
52%
deposit
Tramways
89
58%
283
&
(Minn)
i
f
6s
88
55 Vi
Ref
59%
35%
>l/'v .fi1 .1^
58%
'■'
t§AMissouri Pacific Ry—
3rd 7s extended at 4%
July 1938
Moh'k & Malone 1st gtd gold 4s_—1991
'
88
56
Ref
58
36 Va
1,044
;<■
••
•
53%
series I
ref 5s
&
Q-J
Q-F
registered
Northern
59%
35%
260
•'h
52%
•
35%
948
a-0
52%
deposit
gold 5Vis
Alst & ref gold 5s series H
ACertificates of deposit
ACertificates
58%
m-s
I
G
AConv
Alst
2,215
1978
'
ref
&
deposit
of
ACertificates
Alst
94%
Ref
ref 5s series P
Alst &
3s
;
Id gold 3s
ry &
91%
Jan 2047
registered,
lien
92
Q-J
1997
1997
Ref
tMissourl Pacific RR Co—
Alst & ref 5s series A
A
Northern Pacific prior lien 4s
*
•
:
1
•
1st & ref 4%3 A
Ohio & Det
4Vis series B_„.
Penna
103 Va
109
f-a
109
108'A 109
—1974
"
73
102% 103 Va
*108
—1969
3%s
debentures
4Vis
;
& Light
Power
f-a
107%
107 Va
M-N
110%
109% 110%
M-N
109%
109% 110
108
102
109
40
106'A
109%
8
98%
19
'
•
108
'
74
:■
f"-a
64
a-0
71%
".
64
69%
74%
58
deposit
1954
ft
79%
Gen
'■
75
47%
70%
—
;
71'A
61'A
52%
44
70%
..
49%
44%
1956
of
ACertificates
Pennsylvania RR—
Consol gold 4s_
4s sterl stpd dollar
■
1948
.'.May 11948
:
3%s series C
1970
sinking fund 4%s_.——1960
mtge
Cons
F-A
5
108 Va
108
99%
88
88%
99%
123'/a 123%
91 Va
A-O
14
119%
123%
76
101%
110%
108
116%
97 Vi
110%
110%
'
'
;
1
1965
J-D
109
108% 110
B
1968
J-D
115%
114% 116%
52
gold 4Vis
1970
—1981
96%
104
89%
70
96 Vi
106%
105%
60
95%
106 %
98%
115
General
-
Newport & Cincinnati Bridge Co—
*100
j-j
1945
4 Vis
General
■
5s
Debenture
series
series
A—
1998
f-a
58%
58%
62'A
228
51%
67%
General 4Vis series D__._
2013
N
a-0
54%
54
56%
755
47%
61
Gen
a-0
61
60
63
392
52%
80
79%
82'A
226
67 >A
86
j-j
86
85%
87%
71
74'A
87%
j-j
1997
-
67
'.
'
F-A
A;''
62% : Vv
59
1960
—,_Apr 1990
5Vis
Ref
4Vis
Ref
1st
series
Apr
1978
3Vis extended to,__
mtge
Peoria
Pere
48%
66%
1st
61
1st
Dock
notes
101
106%
48
65
75%
A-0
97
95
97
12
86
97
A-0
9
108
110%
1966
A-0
5
109
110%
Y & Erie—See Erie RR
N
Y Gas El Lt H & Pow gold 5s
115%
117%
Harlem gold 3Vis
-2000
Y
Y Lack & West
4 Vis
109% 110 v;
....
110%' 110%
Phila
1st
Af-N,'
Af-N
1973
*101% v
Af-N
71
-i
ioo •
—
73
:
47
80%
ioo
55%
41
series
5s
B
gold 4%s
4%s
series
D__
13%
5i
90%
79
98%
112%
44%
58 %
5%
14 Va
106%
72%
91
81%
71
71
106
81%
15
75
94
57%
32
104%
107
100
81%
106%
J-D
102%
118%
106 %
M-N
F-A
126% 126%
~2
J-J
117 Ve 117 Va
5
J-D
109% 109 Vi
23
C__—1977
1981
90%
111
106 %
108
1974
'
series
18
1943
Bait & Wash
1st & ref 3%s_..^,_1967
9s
mtge 2%s
——1971;
1__._i-._-1973
stamped
--—1949.
AConv deb 6s.,,
1962
Philip Morris Ltd deb 3s
3s debentures
;
80%
——1963
:
1937
^
64%
ji
83
76%
126%
111
117 Va
108%
111%
107%
48
M-S
112% 112%
4
110%
112%
J-D
104
2
102
104%
107 %
J-J
107
of
ACertificates
Petrol
Phillips
J-J
32%
13%
36 Va
105
12%
33%
M-S
104
96
,20%
107%
40%
M-S
13%
96
105% 105%
106% 106%
M-N
16
104
105%
24
104 %
106%
7%
8%
15%
11
3%
4%
7%
107'/a
107
108%
93
104%
110%
104
1st s f 4s
deposit
l%s debs,.
fSAPhilippine Ry
74%
60
ref
coll tr 4%s_,_—1961
Co
Electric
&
A ref
.
79%
Dodge conv 3%s deb
1st gold 4s
89%
JPhiladelphia & Reading Coal—
m:' 112%
111% 111%
F-A
4s series A——1973
series B
117%
*116
M-S
Philadelphia
\
Purchase money gold 4s
N
v
.
1948
1949
N
109%
;
-104% 106
J-J
—1980
1952
11%
*106
90%
3
55
97
101 %
58
75%
series D
N
&
"i
73%
ref 3 Vis series E_—
&
100% 100%
99 %
74
105%
.—1956
gold 4Vis series C_
General
F-A
A-0
4s series B_„
52%
12
J-J
Union
97%
111% 111%
53%
F-A
1956
\ General
102
J-D
1st gold 4s
Y Edison 3 Vis
100
*101% 102
1965
1951
Connecting RR 3Vis A
Y
1974
& Pekin
General
85%
—1965
Y
N
1st lien
%
—1950
_
N
Conv 5%
A-0
405
85%
79%
Ry 5%s
Phila
94%
77%
X 64
ext
Marquette 1st series A 5s
Phelps
71
93%
4s
4s__u._*
AIncome
70%
66
—1947
debentures^.—
6s
79%
M-S
1947
C
90%
91
A-0
3%s
& Eastern
Peoria
V
1974
A
series
■>;
2
97%
A-O
47%
12
";:f;
York Chicago & St Louis—
New
N
61%
59
f-a
1998
105
A-O
'
1998
105
M-S
82 *
69%
.
J-J
1952
53
62%
104%
—1947
deb
Conv
50%
21
68
*55
f-a
1998
81%
*79%
'
;
f-a
1998
A-O
:
67
m-n
95%
104% 106
Peoples Gas L & C ref 5S
2013
.1952
1997
1984
mtge 4 Vis series E
96%
A-O
104
107%
234
103%
108%
105
105
105%
7%
J-J
*4%
r.—
1951
J-J
Called bonds
7%
9
IN Y New Haven & Hartford RR—
'
ANoh-cOnv
ddb
43
——1947
4s——-
Af-S
42
-*:
V
42%
ANon-conv
deb
1947
ANon-conv
.'.
deb
3Vis——-.
-V.1954
A-O
40%
41%
46%
>73
ANon-conv
deb
4s_„
—1955
J-J
42
42 5
45%
113
3Vis
ANon-conv
deb
A Debenture
certificates
AConv
deb
3 Vis
trust
45%
166
32.%
53
47%
126
31%
49%
1967
48
47%
54 %
N Y
383
37%
62
60 Vi
49%
16%
16
19
110
8%
21
44
44
50%
314
36%
55
A-O
67%
89
!
101% 102
■
101%
24
90%
9
8%
9%
93
6%
1955
j-d
4%
4%
4%
50
1993
Queens El Lt & Pow 3Vis_—1965
a-0
53%
53%
4s__
& Putnam
N
Y Rys
N
Y
1st
cons
gtd 4s
prior lien 6s stamp
Corp 1st 3 Vis
Steam
For footnotes
see
page
468.
1958
1963
111V4 111%
m-n
j-j
j-j
57
■
106
106
109% 109%
18
2
41%
102
-
12%
7
58%
31
110
111%
2
105
108%
5
106%
109%
105
guaranteed gold
j-d
—
*99% 106
112% 112%
guaranteed,
,1957
m-n
—
4s
Series
cons
H
cons
J
f-a
4Vis
cons
guaranteed 4Vis. ,1964
Coke
Pitts
Steel
&
Iron
conv
.,1977
mtge 4Vis
1st mtge 4 Vis series B
Pitts
Va
&
Char
Pitts & W Va
1st
1st 4s
gtd_„
,1950
__
106
j-j
m-s
j-d
-
102
—
j-d
m-n
102
a-0
..I960
a-0
4
112%
123% 123 %
123% 123%
1
4
111%
113 Va
114
119%
123%
119%
123 %
105%
116
115% 116
19
115% 116
6
105
116
107 %
48
100
107%
103
14
106
102
102
95
103
98 %
102%
102%
98 Va
102% 102%
102 Vi
106
—
58%
60
55
64
59
60
9
53%
63%
—
58
60
17
53%
64
--
j-d
,1959
110
112%
113
*
.1950
.,1943
1st 4%s series A—,_1958
mtge 4%s series B_._—
1st mtge 4 Vis series C
—
116
a-o
4%s A— .,1952
1st
■
j-d
,1975
4Vis series C
Pitts
—
m-n
,1970
mtge 5s series A
Gen mtge 5s series B
113
1
*113
f-a
1963
guaranteed
4s— -I960
Gen
Gen
m-n
m-s
__
f-a
,1953
Series G
Series
:
m-n
.1949
3%s;gtd gold__.^_^i
4s
Series I
78
M-N
J-D
1992
-
62%
,1945
D 4s guaranteed
F
Seriis
40 Vi
J-J
Series
Series E
52
41%
—1957
:
1927
4S
General
49%
41
1954
1st
49
.
42%
'
Y
;
J-J
1940
6s
4s
*AN Y Ont & West fef gold 4s
N
31%
33
Af-N
'tAHarlem River & Port Chester—
A
31%
41
1956
1948
Alst & ref 4Vis series of
i
Pittsburgh Cine Chi & St Louis—
1956
4s___—
6s
§ ACollateral
A Debenture
-
34 :52
13
44%
40%
Af-S
14
THE COMMERCIAL & FINANCIAL CHRONICLE
1
¥*
Ml
1
»■
NEW
.....
BONDS
York
New
Last
Interest
Exchange
Stock
or
A
•
1st
gen
1st
gen
1st
4%s
Portland
Gen
El
:
mm •»
January 1
No.
Low
'.! f.'u •'
'
•
.
—.
•;
•
.
- - ••
98%
98'A
J-J
*111
.a
__
17
99%
991/a 100
15% /■
J-J
,
I5V4 *15% '
99%
106%
110
__
t A Providence Securities 4s
t A Providence Terminal 4s
Public Service El & Gas 3'/4S
1st &
ref
mtge
1st
&
ref
mtge
1st
&
ref
mtge
_1972
*148%
J-J
.1948
J-J
——
■
105
91
4%s series A
J-J
1956
Republic Steel Corp 4%s series B..1961
Purchase money 1st M conv 5%s 1954
145%
3 Vis
104%
-
gtd 5s—1939
|§ARio Grande June 1st
95'A
78
102%
-105 %
75
66
5
ISARutland RR 4Vis stamped
1941
,
of
6
103%
1964
4s.
1st
M-S
110
J-J
^
70%
-110%
70% 71%
A-0
-
32%
31%
35%
99%
99%
..
J-D
,.1950
A-0
gold 4s__1948
1st
gold 5s
1949
..
58%
99%
..
Af-S
^...—.1967"
116%
107
124%
A
'
—
ni
*
,1.125s,
37%
_
104%
1
M-N
15
Af-S
109%
49
107%
103% 104%
35
97%
104% 104%
75
97%
104%
110% 110%
13
106%
110%
105%
107
A-0
1952
A-0
100% 101%
94%
Af-S
102% 103%
98%
104
101%
102
•'
♦107
__
Af-S
'
1 t**"
•
'
S
"■
"
*
*
1 1943
..Nov
...
'
.'
*99%
M-N
♦101
101%
101
*101
101%
101
M-N
♦1017a
*101%"
101% 101%
10m V101%
M-N
♦10174 102
101%
102
101%
101%
—'
11952
M-N
101% 101%
11953
M-N
*101% 102%
M-N
101% 102 V4
M-N
*101% 102%
.......Nov
>2.60S »..U...^-^.^..^..Nov
M-N
.—1989
v
series
36%
36%
18%
36%
39%
20%
39%
34
20
38%
39%
19%
39%
*
34 %
W.......1951
Power & Light
1st 5s
85%
7
97
96
80%
16
67
82
89
46%,
27%
Cons
cons g 4s series A__.,1955
f 4s series B
1957
s
Elec & Pwr 3%s
85
86
...
;
19
24%
39
24
28%
92
A-0
.104
Af-S
104
6%
17
1
104
1949
F-A
Va
(
Iron
Coal & Coke
& Southwest
1st
1st
gold 5s
1st gtd 5s_—
2003
1966
104
106
123
—"
43
43
48%
A-O
42
41%
47
284
F-A
10
10
11
14
1st
1971
mtge 49 inc series A...._198r
AGen mtge
1975
1978
24%
24%
28%
156 r
14
29%
1933
1935
MS
37%
37%
39%
31
56%
F-A
21%
23
15%
1935
F-A
22
17M
29%
1954
J-J
98%
101%
1961
1941
J-J
99%
102
21%
00
*
a
>101% 102
F-A
Walworth Co 1st mtge 4s
29%
Warren
30%
Washington Central Ry 1st 4s.;
Washington Term 1st gtd 3Vis
40
*48%
103
*104% 105
South & Nor Ala RR
gtd 5s
1963
A-0
3%s
1962
A-O
1979
J-J
____1947
J-J
debentures
Southern Colo Power 6s A
1st
•
1st
ref
registered
1949
'•*
1st
Q-Af
1945
Af-S
62
Af-N
123
Gold 4%s
7
103%
Penn
Power
1st
5s E
mtge 3%s series I
Maryland
'
66
58%
63 J/4
400
52%
Pac RR
ref gtd 4s
1955
J-J
85%
86%
89'/a
407
1994
—1956
J-J
105 J/4 106%
6%s
Mem
Div
;
1951
J-J
102%
Bell Tel 3%s B—1964
J-D
1st
gold 4s
series
Pub
1996
C__.
Serv
1968
,
4s
..1972
:
Stand Oil Of
1966
1961
J-D
1953
debs
95%
96%
67
87%
58
-
31
61
22
52%
2
92,>101
-
2%
debenture
Studebaker Corp conv deb 6s
1945
J-J
Superior Oil 3%s debs
1956
M-N
Swift & Co 2%s debs
1961
y/'l\'■]
Af-N
84
100%
89%
i
•
Ref & impt
s
f
mtge
106
107%
3s
—
54
.
102% 104%
..
70%
70%
1950
Af-N
98J/a
98%
99%
39
84
100 J/4
1951
J-D
99 y8
99
99%
92
87%
100
1960
Af-S
97%
96
98
81
83
1951
M-N
2361
J-J
2361
J-J
1st
4s
guaranteed
105% 105%
6
104%
28
101 Va
2
i—1954
120
125
1949
debentures
105%
110%
113
*104%
103%
105
1965
Af-N
93
41%
53
Co
91%
92 "A
-
■r-h'VK
56%
♦116%
J-J
104%
103
115
io9y2
y 88
12
100%
101%
'114%
92 J/4
100% 101
101
A-0
1960
,
115%
111% 111%
3f-8
&
1949.
A Certificates
of
i
J-J
1936
Af-N
1968
ACertificates of deposit——
jASu & Du div & term-1st 4s
--
111%
{92%
A-0
;
"47%
59
21%-25%
,267.
deposit....
Wisconsin Elec Power 3%s_
Wisconsin Public Service
i
/
,
'
"
•
3%s____.1971
«
•
J-J
111% 112%
—
60 J/4
26%
15%
23'/a
112%
-108%
110%
16
*107y2 108 »/4
64%
47%
' 14%
59i/a
54
•
J
107
?
■:
5
'
•.
"
•
'
■
You'ngstown Sheet St Tube—
Conv deb 4s
.1948
102%
63
101%
103 '/a
99% 100%
71
95J/2
100%
102 %
M-S
.1960
M-N
Deferred
delivery sale not
the year's range,
T- 99%
-
..
..
92%
89
j
93%
n
Included
In
the
year's range,
d Ex-Interest. - e Odd-lot sale
not included In the year's range. ? r Cash
Under-the-rule sale
year's range.
tThe price represented Is the dollar
Accrued Interest payable at the exchange rate of
quotation per 200-
$4.8484.
^Companies reported, as being in bankruptcy, receivership, or reorganized
or securities assumed by such companies. : .{{■•••/
under Section 77 of
the Bankruptcy Act,
105'/8
106%
♦Friday's bid and asked prices;
106% 106%
105%
106%
A Bonds
selling flat.
•
not
sale
•,
§ Negotiability Impaired by maturity.
pound unit of bonds.
106% 106%
106%
55%
102% 104
M-S
1966
1958
1st mortgage 3s__
Winston-Salem S B 1st 4s
_
104
A-O
,:
J-D
103%
*103%
J-J
52%
61 /
106%
102%
*112%
F-A
52»/a
98%
102 >/4
43
47
58%
111%
103%
—
102% 102%
J-J
1974
55%
101 J/4
46
101% 102 %
•
105%
F-A
1950
'
•
107%
J-J
1959
94%
102
36 J/4
110%
41%
1953
Company 3s deb
84 »/4
95
36%
108%
14
V.V:;
;
1944
3%s series B
Texarkana & Ft Smith 5%s A
Texas
1951
gold 4s
19
134
a
refund
254
218
not Included in the
Gen
.
70
Included in
T*nn Coal Iron & RR
gen 5s
Terminal Assn St L 1st cons 5s
94%
101%
92%
100
103%
104%
•106V4
•
92%
100
111%' 112%
23
103% 106
<
\
112
70
;
;
106% 107'/a
106%
110%
106
65
1st mtge s f 3%s series D_.
Standard Oil N J deb 3s
108%
65%
Wheeling Steel 1st 3%s series B
'106%
21
54
*103% 104%
-
—
110% 112%
66%
98
99
>
108 Vt 108 J/4
J-J
2%s
81 r
•110% 110%
F-A
Calif
68%
102% 103%
;
3
66'%
f A Wisconsin Central 1st 4s_
92
138
112-112%
Af-N
Apr
A-0
J-J
Wilson
82
140
77 V*
99% 100 J/4
J-J
ASpokane Internat. 1st gold 4%s__2013
112
89%
99
••
99
100
3s
Southwestern
?
J-J
St Louis Div
ref
70%
75%
95%
A-O
112
—
Af-S
Wheeling & Lake Erie RR 4s
$ 93% 100%
*: 87%
99%
82
A-O
1956
y ;■
2
110
Af-S
A
West Va Pulp & Paper 3s
I
•
1956
i
gold 5s__!
1st
Southwestern
&
58
J-J
6s
119% 120%
~i
1946
ser
Registered
66
178
98
gen
110
I
110'/2 110%
68%
53%
96 J/2
gen
.
1946
69%
55
96 '/a
&
..1st
54%
191
A-O
76
95
104
103%
'
*119 J/2 120 Va
J-J
1S52
West Shore
458
Af-N
106
9745
88
i:
MM*
Af-S
—1977
86%
369
J-J
A-O
1st 4s
90
65%
1981
5s
l1lts•*•■•''
—
J-D
1966
Teleg gold 4'/as
25-year gold 5s_
30-year, 5s,—.—
Westinghouse El 81 Mfg 2y8s__i
64
68
1946
Stamped
105
*104:
..
J-D
1963
72%
154
88%
1950
■
mn
"
100% 100%
Vi
59 J/2
40%
■
«
""-m.
91
31
12
97
40%
—
Western Union
105 %
1st 4s
100 y4
28%
109%
Fran Term
3%s___
:
—
.
A5s assented
109%
105%
V 60%
>
—
*95%
F-A
__1967
t A Western Pacific 1st 5s
123%
107%
3
59%
60%
,
'
27%
25%
V'i
^
107
~2
123
64
64%
Af-3
•
F-A
1945
68
1969
-u
96%
F-A
1948
mtge 3%s
Western
104
105%
16
'■
Gold 4%s
A
*26%
—
105%
101%
103
86
86%
1968
&
30
26%
"
103% 103%
—1977
Devel
31
27%
"i
tm
*27%
.1
A-0
2000,
gtd gold 3%s
40-year guaranteed 4s
Gen
47
«
RR
Westchester Ltg 5S stpd gtd.——.1950
West
108% 109 %
Gold 4%s
.Devel
€0'/2
49%
26%
*27%
•
'
108% 108%
108%
S
J-D
Aug 1949
coll)
Southern Ry 1st cons gold
Devel & gen 4s series A
44
,r
*29'A
•
30
Southern Pacific Co—
1st
83% ,100
34
200
357
i$M;
A-O
-j.^.1955'
30%
15
-j
u
1st Si ref 5 %s series A
South
58%
49%
'
4%s series, C
13%
141—j14%
106% 107
secured
73
57 y4
14
101%
100%
J-J
10-year
99%
98%
44'A
A-O
ARef Si gen 5s series D.........1980.'
17
1964
San
85
57
F-A
50
904
23
Socony-Vacuum Oil 3s debs
1st 4%s (Oregon Lines)
84%
109% 103 %
47
Af-S
1976
49%
20%
103
4s
__
.108% 108%
*94y* *"95%
98%
I Apr
Apr
inc 4y#s ser B_,.__1991
A Ref & gen
29%
F-A
Pac
.
85
J-J
mtge 4s series A
AGen
'
.
18%
20%
A-O
(Cent
"
109%
Af-S
124%
11
A-O
1952
4s
108%
.
Wabash RR Co—
'
103%
25%
debs
Tel
J.
*87%
—
.
J-J
A-0
cons: 5s..^»MM.........M..».1958 *
108%
*108%
*111% 112
Af-S
Virginia Pub Serv 1st mtge 3%s_.1972
*108%
..
.s
18%
debentures 4s
&
M-N
M-S
Va
24%
31
101%
17
105%
•124%
M-N
L.
F-A
-
1968
series B
'
20%
B certificates..
Tel
,;V.i97%: 101%
50%
1950
Bell
F-A
1944
"17: h;.:V»7%: i02%
"40
66%
190
Skelly Oil 3s debentures
3s
93% 402%
■
A-0
97%
25%
f§ASilesian-Am Corp coll tr 7s
South
22
A-0
1944
Vandalla RR
Va
39 %
A-0
2%s sinking fund debentures
Simmons Co
w
& ref 5s
'
19%
39
•85%
J-D
deposit
Oil 2%s
Union
102
103 %
83%
19
M-S
JASeaboard All Fla 6s A ctfs
A 6s
73
b2 '/a
36%
1945
t§AAtl & Birm 1st gtd 4s
Shell
101%
102
♦102%
M-N
.
94%
J-J
deposit
of
ACertificates
101% 101%
102%
75%
1950
1950
Oct 1949
1959
series A__—.
6s
•
101%
'
.
cons
1st
1A Wabash Ry ref & gen 5%s A
A Ref gen 5s series B__
§ARefunding 4s
A 1st
101% 103
101% 102 J/4
95
78%
44
F-A
1947
1941
St Paul Union Depot 3%s B——1971
Scheniey Distillers 4s s f deb
1952
Scioto V & N E 1st gtd 4s
1989
of
77%
95
59% 62%
40%' 45
J-J
tASt Paul E Gr Trk 1st 4%s
t§ASt P & K C Sh L gtd 4%s
ACertificates
Utah: Lt & Trac
72
'78%
J-J
5 A 1st term & unifying 5s
tSeaboard Air Line Ry—
§ A 1st gold 4s unstamped
§ A4s gold stamped
AAdjustment 5s
' ' M-N
11954
May 11955
.j—
Virginian Ry 3%s series A
ctfs
101%
M-N
Uhlted. Stockyards 4%s
v
94
35
J-J
inc bond
55%', 67
34%
1952
V AGen & ref gold 5s series A
1990
St Paul & Duluth 1st cons gold 4s_1968
A2d 4s
101%
>
1 1950
Nov
2.40s
12.65S
—
34
;
Nov 1989
■
i-'
* 66 -
"Ye-"'---.
stpd
ACertificates of deposit
09%
99%
__
M-N
; M-N
.^^...May 1 1952
2.45s
107%
82 %
•.
1978
tSt Louis-Southwestern Ry—
1st 4s bond certificates
102%
' 107%
32%
••..
■.
1950
4Vis series A
104%
..1953
^
110%
98 % ' 98%
■
J-J
deposit
of
99
107
32
5s series B
ACertificates
26
JX-
70%
'
/•>• ACons M
109%
109
•
92%
1950
tASt L-San Fr pr lien 4s A
A Certificates
of deposit
104%
1
stpd.——1955
St L Rocky Mt & P 5s
APrior lien
93%
-
100%
104% 104%
1955
(Del) 5s
:2.35s
r
94
-
: f VI-
J-J
14%
105%
103
J-D
3%s debs.
:2.20s :
14
*61-
deposit
of
Certificates
112%
9%
13%
—
A-ti
;
Utah
tASt L Peor & N W 1st gtd 5s
1948
Bt L Pub Serv 1st' mtge 5 s..1959 -
110%
112% 112%
*105%
U-N
.
:2.Q5s.—T..„.-._„^__._May 1 1949'
240s.;
Nov 1 1949
245s:
;
May 1 1950
'
,
'
*62%
■>
v._-
107%
1980
Cigar-Whelan Stores 5s
I
124%
•107-
J-J
A-0
.-1996
}St Louis Iron Mt;n & Southern—
V AgRlv & G DiV 1st gold 4s——1933
gold 6s
117
105%
107
J-J
1971
United; States Steel Corp;—
Serial debentures
•
2d
99% (100
102%
■
106% 107%
108%
'
37%
91
*116%
—
•107
J-J
v
107%'
76
21%
87%
4
29
2.50s -.^-........_.__N0V 1 1953
r'2.55s^^.i...^.....^May 1 1954
.
,
110%
62%
•
'
50
■;
A-O
74
.98% 100.
.
A-G
1959
debentures.—^...
83%
27
II
13%
J-J
•
366
100%
J-J
U N J RR Si Canal gen 4s......«.1944
,
Saguenay Pwr Ltd 1st M 4 Vis
1966
St Jos & Grand Island 1st 4s
.1947
St Lawr & Adir 1st gold 5s——-1996
;
J-D
•
1953
Calif 3s deb
United Biscuit
102:,-
101
—
32%
13%
Oil
United
407
*;
.
>13%
•_.
Elec
&
1st
Buff
&
United Drug Co
49%
*109
32%
MS
85% i-
1960
36-year :3 V2S deb
Ref pitge 3y«s series A
.
'II
J-J.
J-J
67%
...
102
80
.
♦111%
-
MS
99
lst A land grant 4s
.".1947
34-yfar 3%s deb...._^___..__..l970
105
100
*124%
•
.
84%
'
105
101 %
99
99
43%
MS
84
Union.Pacific) RR-^-
MS
mtge
84
F-A
105%
101%
•
MS
3Vis series I
—1967
Gen mtge 3'As. series J
1969
15AR I Ark & Louis 1st 4%s
1934
j ARut-Canadian 4s stpd
1949
Gen
J-D
Af-N
95%"
103^ 105%
1031J 10313
44
3%s series H———1967
Gen mtge
85%
88%
99 V*
78%
95
-
•
75
A- O
1977
El 4%s series D
Roch Gas &
88%
98%
95 V*
104% 105
101% 102
,-.1
J-J
$§ ARio Grande West 1st gold 4s__1939
A 1st cons & coll trust 4s A
.1949
t'j-t'f
.104 'A 105
,r
:
67%
Union Electric Co of Mo 3%s...»^,1971
t§AUnlon Elec Ry (Chic) 5s
:
1945
-"1
ri'C;"
•103 A 103 if
Af-N
J-D
"134
,
106%
v105
105
M-N
85
84%
112%
35
106%
92
,
M-N
—1956
1960
4%s series C
86
84
,
222 »/2
109%
(Aug 1)
Called bonds
Gen mtge
Revere Copper & Brass
84%
84
,
? 68
149 J/2
220
92%
.
—
F-A
Trenton Gas
97%
92%
'
115
A-O
...Jan 1960
Louis & West
St
3S
93
J-J
Rand deb 3 %s—*
Remington
>
J-J>
—1997
High
101%
53
Union
97%
A-0
1951
—1997
-
D_
Tri-Cont Corp 5s conv deb A.
2
,
Gen & ref 4%s series B
21
1979
1st ref 4s_:
Toronto Ham
111
i
Gen & ref
114% >..114--:114%
A-O
....
Pac Mo Pac Ter 5%s A—
Ry
Low
■
1980
C
series
No.
108
R tlSSIr
Reading Co Jersey Cent coll 4s
5s
Range Since
January 1
j
Sold
'
J-D
Tol St Ohio Cent ref St impt 3%s..l960
93%
110
37
105-
•
Gen & ref
Tol
106%
__
ref 5s series
.2000
Bonds
>
High
1977
A Adj-income 5s
f
222% 222%
A-0
&
Third Ave
20%
111% 111%
r^:J-D
Friday's
or
Sale Price Bid & Asked
Period
ref 5s series B
Gen
■
100
95%
-
__
Week's Range
Last
Interest
.
{
*106% 108%
.1968
Purity Bakeries « I deb 5s
12
—
♦111%
Af-N
.2037
3%s
111
Nor
•93%
)'!'"•
J-J
>•■•.:
.2037
5s
8s
of
Public Service
Af-S
-1956
.1968
3s
'•
'
&
Tex
y,...
■
Af-N
■/> i
gold 5s...
Gen
\
108%
*110%
F-A
.1951
Texas & Pacific 1st
1
106
99%
♦106% 106'/2
y'\
J-J
1977
mortgage 3 %s
Pressed Steel Car deb 5s
1st
119%
90
1
.1966
3J/4S
M
108%
__
M-S
to
1st
Friday
Exchange
Stork
Low
'V\.
118
New York
>
,
High
107%
•
♦119%
i/'
,
Week Ended July 30
118%
High
*108% 109'/a
\
—
bonds
-ri,.
...
Range Since
Sold
J-D
•'.A
1st 4J/2s
'
,
%••:
J-D
.1977
Elec
Pwr
F-A",;.
.
—
series D
1st 5s extended
Potomac
.1962
5s series B
5s series C
"l"
J-D
& Ash 1st 4s ser A__ .1948
Pitts Young
Low
Monday, August 2, 1943
'
■
YORK BOND RECORD
Bonds
Friday's
Sale Price Bid & Asked
Period
Week Ended July 30
1
Week's Range
Friday
,1t
"'"i"1
'
no
sales being transacted during
'
-
"v
.
' •'
current week.
•;
.Volume 158
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4199
469
'!
'
t
.
NEW YORK CURB EXCHANGE
WEEKLY
In
a
York
>,
common.
Class
B
Associates
Inc
Aircraft Accessories
Air
Investors
preferred
"tt/o i*rontc
*.
•
Great
v
preferred*
7% preferred
Alles
Allied
Products
Class
•
A
5
1%
Feb
1%
Jan
100
109% 111
3,500
7%
5 Va May
(S) & Co
4% May
;
Bowman-Biltmore
Bourjois
7 %
3% July
35%
Jun
$5
>
Breeze
Corp
Brewster
Vz May
102
Jan
114
July
105
July
Bridgeport
110
—
pfd
•
10
25
common
Apr
110
Brill
Apr
Class
--
1 % May
4%
4
1%
1%
Apr
9
,24
Jun
100
.
27
525
;.
May
A
A
'
112%
-
114%
c
common
Goods
Aluminum
Industries Common—
Aluminium
•
Ltd
common
preferred
6%
*
Mfg—
i
7%
;
1%
1%.
'
A
class
Convertible
& Light—
Power
..-.j
'A
A
Class B
Cyanamid class A
American
Class
B
American
Fork
American
Gas
4%%
Hoe
....10
3
.100
General
Corp
common—10c
preferred
1
—■
$2.50 convertible preferred.
American Hard Rubber Co....
American
Light
Co
Mfg
Preferred
:
common..
—100
1
^
u
Maracaibo
American
20
25
25
100
& Trac common
preferred—i._—
6%
25
Mach.
Laundry
American
Co
•
•
Potash
Jan
1.200
300
50
1.7
.
__
18%
2]A
—
Class
A
%
101%
14%
$6
•
——•
-*
preferred
preferred
$6
5%
American
Thread
American
Writing
-
preferred.
5
•
2
Paper'common
Fence
Post
Anchor
*
Rubber Co
Bruce
■
preferred
6%
Art
(EL)
Jun
Oil
Ashland
Refining
&
—1
•
Co
Associated
Breweries of Canada
Associated
Electric
$5
1st
42
A
Jan
Burco
40
37%
Jan
3% July
45
July
36%
Apr
•
Associated Tel Bi Tel class A
Atlanta
6% preferred——100 ;■
Atlantic Coast Fisheries
:
——1
Atlantic Coast Line Co—
50
Jan
12
Jan
17%
19%
Jan
%
650
Corp..
Rayon
1
:,
Atlas Corp warrants—
1—
5,600
•
Atlas
Drop Forge
Atlas
5
-•
Plywood Corp———*
common.....
1'
Automatic
Products.——
Automatic
Voting t Machine...i.—.—.*
112
Jan
3%
Jan
250
28%
Jan
33
Jan
350
13%
Jan
23%
550
20 Vz
Jan
28
13
Jan
19% July
50
•••':
.
8,800
41
Jun
July
25%
Feb
26%
25
Jan
(B F) & :Sons cdmmon—
—5
preferred
—
—25
Ayrshire Patoka Collieries
X;
Avery
;:
6%
80
Jan
88
%
Jan
200
20 Vz
Jen
Voting
100
45
Jan
57%
Apr
Jun
5%
Jan
600
2%
Jan
3*2
Jan
Callite
60-:
1,650
104
Jan
1
July
17% July
4,500
<
2%
Jan
Jan
4
May
3% m400
4%
3,200
2%
Jan
5
4
2
Jan
5
1%
Jan
2%
-U K"l; 800
300
,
May
Jan
100
8%
Jan
290
97%
Jan
4,900
1%
Jan
5%
Jun
1%
Jan
6'A
Jun
5
5%
25,600
"
15%
Jun
108% July
Fire
7%
l?o
Canadian
Class
Baldwin
Rubber
Barium
.
Co
Stainless
Barlow
&
Class B
A
7%
Baumann
7%
(L)
Beau
Brummel
Mills
Beaunit
.1
Ties———
Inc
,.10
common.—
Carman
Bell
Aircraft
1
common
Tel of Canada..
Benson
Hedges common
preferred
Berkey & Gay Furniture..
Carter
(J W)
Casco
(A M)
Central
Hudson
Jun
4%
Jan
7
7
—
12%
Jan
A
%
Feb
Feb
soo
73%
_6%
*
A Way
1%
69% Feb
20
Jun
8
Apr
80
1
m
May
111%
Jan
3% Jan
2,700
Mar
6%
Jun
40 Va
May
Jan
8%
1,100
4%
Jan
8% July
2%
11,200
%
Jan
7%
20%
7%
600
2% July
8% Apr
Jan
15%
600
23%
Feb
23% July
"
7'
800
4%
2%
Jan
900
5%
4%
9%
6
3%
Jan
10 %
500
"7%
400
■
$3
Ridge Corp common
optional convertible preferred
For
footnotes
see
page
473.
1
•
2,800
7"%
5,300
10%
Jan
16% May
94
94
82
Jan
97
12
11%
94%
750
12'A
,
6,600
9%
Jun
Jan
1% 1%
1%
13% May.
Apr'
25
31% May
1% Jun
A
Jan
8,000
Va
Jan
4'A July
400
2%
Feb
5% Mar
1,300
•'A
.A'/
A Jan
A Jan
'.
1%
Apr
lVt
.
3V8
3VB
6V4
6 »A
6%
5%
5%
6
5Va
4%
500
3Va
:«)5%
1
3% July
3% Jan
Apr
800
2,200
1%
8,600
1%
Jan
4%
100
Apr
6% July
Jan
5%
3%
r
6V2
Apr
6% July
100
23%
Feb
3%
Jan
27 Vb
Jun
4% July
3
Jan
4
145
July
145
•
•
Jun
100
A
13/,
9%
250
13
13'
Jan
13% Mar
,
22
♦
...
Mar
6
23% May
Mar
7%
38'A
10
106% 106%
106%;
Jan
113
102
Jan
7%
Feb
-
18%
"
:
Apr
July
July
July
108
Jan
7
400
8%
8%
1
49
7,800
17*
14%
15
Jan
106%
•
1
July
2% May
U Jan
12,300
2%
1%
.1%
13
Jun
8% July
6%
Jan
13
Jun
15'A
Jan
20
July
2%
Jan
♦
& Co—
of
5 %
10
1
Gas
Elec
&
com
3%
9%
9%
Central Maine Power 7%
Central New
5%
York
Ohio
Central
Power
Central
&
&
Chamberlin
Charis
:
Chicago Flexible Shaft
Chicago Rivet & Mach
Consolidated
Chief
Childs Co
;
Co
C; Jun
19%
Jan
9,700
2%
11
Jan
39%
150
29%
Jan
6%
100
3%
Jan
2%
7,800
%
Jan
..
,'>4,600
j
2 A-:
.
250
9%
July
26
Jun
7
c-
May
39% July
7% May
3%
Jan
800
6%
5%
4
—
38
5%
•
5%
14%
15%
?
3
,.
Jan
50
1
•
100
'
•
•
A
Apr
Jan
$6
60c
$6
1,100
8%
1,300
3
iv:.-
13%
8%;
25
5
-.4
Service
P & L
Controller
Neon
Co
400
Lights
Lambert
Cleveland
Electric
Cleveland Tractor
Clinchfield
25
•
Feb
--
9%
125
4,100
2%
4,000
Jan
250
1 Va
.,
V
July
16% Mar
37%
Jan
3
50
May
July
Patent
64%
Jan
225
5%
Jan
A
%
500
103
May
84%
8
Jun
July
*
% May
A Jan
9
7,775
a Mar
17%
23
14 %
13%
15%
24,800
.3%
86
85%
92%
,2,200
51%
Jan
8V2
9%
800
4%
Jan
24 Vz
Jan
8%
•
-
May
18 Va May
98%
Jun
11%
Jun
96%
,
;
86
,
.,..
Jun
Jan
20
76
Jan
93% July
10
93%
86
73
Apr
<88
Jun
7%1
7%'
300.
4%
Jan
8 Va
7%
7%
800
6%
Feb-1
8
-
%
1%
V: 5,700
33
16%
34
18%
13
13
1
'
7'A
!
*
1
.
13
Jan
%
—
—
200
■:
10%
53A
6%
'
—
._
Jan
25
Jan
7
4
Jan
7%
9%
6,700
3%
3%
4,700
1%
Jan
53 Va
950
51"
57 A
24
;
3/64
1,510
2,900
1/64 Jan
21
22
% July
Apr
10% July
Feb
3%
51
Jun
5
8%
51
July
3% July
11%
:
3%
..
14
Mar
1%
3,500
Apr
July
19% July
Mar
8
50
10%
5%
__
7%
y 2
—
—
•
5%
35
Jan
6
7,400
Jun
July
1% July
Apr
28% May
325
.
May
22
Jan
-5%
-
*
—
.
—
1
4
warrants
Arms
i
48
93%
,1
Fire
preference
:
Southern
•
&
Public
$3
c
extended
100
Gas
Consol G E
51
—
•
47% May
1
Biscuit
L P Bait
10%
10%
11*
—
—
--
1
5
U
'.-4
July
55%
;
common
4%
series B preferred
preferred series C
Consolidated
Gas
Utilities
Jan
59
Feb
July
3*2
22
Mar
July
392
Jan
1%
Apr
250
7%
Jan
11 Vz
July
% May
%
Apr
26%
Jan
27%
2%
Jan
5%
56%
Jan
67
July
111
Jan
121
Jua
103 %
Jan
110rA
Jun
2
Jan
5
Jun
•
•
Jan
300
/*
'
1946
Co
—
1 A
*
to
>
14
450
__
.
65
•
4%%
3/64
25
Coke Secur common
&
•/
warrants—
Service
preferred
Consolidated
9% July
Jan
t
Conn
•
Apr
Jan
Co
common
Community Water Service
Compo Shoe Machinery—
13% July
10
3%
..
■'% fo
-
10%
Jan
100
7%
80
--
100
Corp
Co
Airlines
Community
Jan
Jun
*
common
Utensil
Plow
Commonwealth
Jan
42
%
7% May
12% July
Jan
Columbia Gas & Electric—
Apr
45
6 L
80
7%
Development ordinary.1——
£1
Colonial
Mar
136
9% Mar
150
,80
6% preferred
July
Jan
v
.,
Colon
15% July
5
Coal
Aluminum
Club
Inc
Mfg
Illuminating
Colt's
Jan
\
..
Jan
101 v
10% May
7% July
• -17%
....
July
Jan
550
Jan
•
Feb
1% May
Jan
9%
101
$7
Colorado Fuel & Iron
35%
5,400
4%
150
21%
•
•
*
July
33
15%
47
'
6
July
115%
/,
600
12
10
:
preferred
preferred B
preferred BB
Claude
15% July
21% Mar
•
•%
40
Feb
3%
July
6% July
1% May
Apr
7%
15%-
10
14
Jan
3%
:
1,000
''
1%
16
•
3,200
7Va
Jun
97% July
9% Mar
Jan
100
preferred—
Cities Service common
21% May
8
•' Jun
Jan
5%
9Vs
Feb
July
106
A Jan
3,700
7%
12
1
Mining
"l'/a
10
114%
Apr
4%
10
5
Chesebrough Mfg
Jan
8Va
Co__5
Cherry-Burrell common
Jan
7%
6%
9
1
Co
84%
800
"I
1%
50c
common
Jan
200
9%
-4%
Jan
102
100
Metal Weather Strip
Corp
97%
8%
1
pfd
Utilities
West
96%
96'A
pfd—100
Products
Light 7%
South
A'rcfaft
Cessna
Power
Steel
6
114%
300
preferred.lOO
preferred
*
$6
preferred
——•
City Auto Stamping
..:
»*
City & Suburban Homes—
10
7 4%
3,500
4 ••/
•
America
5% July
-6
,
4% Jan;
16% Jan
J
Blue
Jan
9%
15%
July
Jan
1,600
130%
•14%
_1
May
May
6Ve Feb
"10
Mar
9%
•
Co common
10
•
1
common
2
17
;
Jan
14%
25
Products—
21% July
15
Bliss
Jan
14%. Jan
Alcohol—
common
Jan
■
.7%
W)
Corp
Jan
''
1
»~A
300i
July
14%
■
Carrier
5%
•
•—1
900
..
....
15
18
Apr
108% July
Jan
5
Carolina Power & Light-$7 preferred—»
$6
preferred
;
z
£
* *
10%
38
Birdsboro Steel Fdy & Mach Co com..*
Blauner's common
•
1%
16'A
Mar
5%. Jan
80
•
300
•
Bickfords Inc common..
250
5
common—.
1,100
14.
3%
12
400
Ltd—
class
Co
Co
9'A
6%
100
&
Convertible
( E
&
20%
6%
$1.50 convertible preferred—
20
Aircraft Corp..
—_—...1
Bellanca
July
4% July
4Vb July
Jan
4Vs
:
Class B
Carnation
Corp
39
Beech
1%
15%
,
A
.
Feb:
4%
Assn
;
Clayton &
5%
'
1
Castle
23%
15
-1%
.100
13%
10
Products
Catahn
'
•
100
common
1st preferred—.—
1%
.500
15 y/
.
12%
15%
•
City
10% July
■
5%
2,800
v
20
preferred—
94% July
5
common
'
106% 107%
Capital
Cockshutt
Basic Refractories ' In-.11
4
15
•
12%
-
43/a-
3%
Canadian Marconi
Apr
V/»
S
4
4%
£1
voting
non
Jan
5
2%
July
15%
3%
Ltd 6%% pfd
Foundry Ltd—
Industries
8%
Mfg—
Seelig
convertible
$1.20
1
>16
/J '•
4%
pfd
voting
88 %
8
—1
common
Steel
100
3%
Power
Industrial
A
10
28%
30
preferred
Jan
50o
Corp
Car &
2,500
~5%
4%
Jan
11%
15%
15%
50o
participating preferred
94'A
....—....•
1
common.
18% July
4%
common
Insurance
10%
•
warants lor
Purchase
Jan
25o
Canada Cement Co
Mar
.;
Electric
Canadian
Clark
Babcock fe Wilcox Co..,
July
14%
r
__
-
certificates
Tungsten
Camden
May
B
•
33
75
Wireless—
California
13% July
5 Ve May
9,600
trust
&
Cities
Baldwin Locomotive—
Jan
Jan
12 %o
common..
dep rets 5%
Calamba Sugar Estate
1% July
8,100
109
—
May
May
30'A
10
♦
—T
American
24 Vz May
v
3 %
73%
9%
12 %
33
2.50
i_*
$3
Cable Electric Products
May
13,200
—
lu
10% Mar
1
.
39% May
10
.
Sullivan
&
(P A)
Cables
150
....
Inc
Butler
Mar
300
.
1%
—
44%
*
preferred
Burma Corp Am dep rets
July
6'/8 July
38% July
'
13%
4%
A
__
A Feb>
125
600
29% July
v
93%
1,000
.
A
%
101'A 103%
14% 16%?
—
'8%
2
7'A
20%
'3,500
*
Jun
.625
...
Atlanta Gas Light
Atlantic
1 Va
July
July
7% May
1% Apr
12-'
1
preferred
Hill
12%
5%
115
Jan
'
Bunker
47% July
3% May
6,600
1%
24 :
53
6%
Coast RR Co pfd__100
&
Birm
8
Jan
72
5
—.i.
Burry Biscuit Corp
July
July
17
9%
—
Jan
y 2%
12%
*
25
37
Central
£1
*
dep rects reg
Associated Laundries of America.,
50
1,400
33
.__*
Jan
Industries-
American
1
2
61
4,800
5%
East Power—
Jan
97/a
6%
Jun
•
Buffalo Niagara &
$1.60
preferred
94%
18%
12% May
7% Mar
11%
1
Buckeye Pipe Line
Jun
15%
4%
__
Jan
65
65
,•
:
common
15%
4
9%
23%
Jan
'3 %
115
5 VA
.1
common..
common
650
1%
1%-N.
12% 12% ,;
107
108%
__
5
Metal Works common
Co
9'A
3%
1
Corp..
Equipment
Aro
10
,
Light $7 preferred.*
Arkansas Power &
Jan
7%
7.30°
■'
"7%
'A
115
5%
10s
Brack Silk Mills Ltd
92%
3%
Angostura-Wupperman
1
Apex-Elec Mfg Co common
•
__
Appalachian Elec Pwr 4%% pfd—.100
108%
Arkansas Natural Gas common..:—4%
Common class A non-voting.
•
4%
"i
~6%
*
Brown
Jun
July
4
4
—
5y«*
11%
2,200
11%
.V
preferred
Canadian
1st
5,600
22%
4%
£1
preferred...
9,600
277/s
19Va
26'A
37 <■,
87%;
10%
4%
Mar
£1
Brown Forman Distillers
% May
20
87%
1
1%
—
Apr
2
^
C
=
dep rets ord reg
2,900
"
6
25'A
36
—
36
10%
4%
$6 series
—
Celanese Ltd—
Amer
Mar
36%
41
5.'A
36%
40
19.'A
27'A
17%
9
Jan
Tobacco—
150
109% 112
Corp common—•
American Superpower
Co
Brown Fence & Wire
Mar
29
82
Jan
5% Jan
_
British
Apr
8% May
Jan
16%
28%
10
2
Chemical
&
Republics
„
—
American Seal-Kap common
American
Oil
dep rects ord bearer
dep rets ord reg
Am
2% July
33
Jan
3
24
53
American Meter Co
American
26%
112
5%
36%
1
/
Jan
V*
42 46
1%
16
26
.
43
IVz
—
'
4'A
%
35 Vz
.
2%
40
40%
1%
2%
...
•
common..
Electric!—1
&
convertible
American
,v
;
300
12%
40 ,;;
34
Power warrants
&
preferred
American
$2
10
10
non-voting—
American Foreign
"♦
1
American
Am
Mar
108
Jan
-
A.
.
120
Jan
20%
800
.
^
8%
lOVz
■
Jan
A
80
800
.
28
88 %
38
38 Va
25
.......
British
Apr
*
25
—.i—
Jan
;;
...
'
Class
Jan
%
10%
——''
...
•
U
1..
,
Va
27%88 %
7%
•
27%
• .
—18%
American
' 2%.
V*
—
86
.900
7%
.
Jan
103 Vz
100
.
7%
;—10c
1
*
Cities
106% 106%
.
31'A
.
6
•;
1,400
.
1
common
prior preferred
Central' Mfg
$5.50
99 Va
...
Capital class .'A -common..10c
American
93
Feb
2%
300
*
50
J
1%
American
preferred
10
29 %
Box Hoard
$3
—
10
l7/a
American
...
B__
—
Va
Jan
300
20%
;
•
common
American
115% July
17
Jun
29 V2
Boot Co__:
class
Jan
100
Americain
Common
128
Jan
13%
93
'•
100
1
American Beverage common.:—
Co
Jan
106%
..
•
i
105%
1,600
—
P *
...
1,400
115
!,fl4
May
July
9
Mar
29
112% 117
—*
preferred..——--.-100
6%
Aluminum
July
28 Va
Jan
1
4%
•
Mfg Co
82 Va
Jan
6
5%
10%
100
British
Aluminum Co
21
•
B
-Class-
•
Apr
23
1 :-V,
•
^
preferred
Brillo
28% Mar
23% Jun
"V.
—
...
.
-7
28
7%
Feb
46
5%
100
class
130
•
Machine
Corp
15% July
11% July-
50
1
Bridgeport Gas Light Co
Jan
91%
Feb
200
8%
_.l
\
93
Hir*
Jan
A
—^
& Pwr..
common
Aeronautical
Jan
300
24
•
72
100
y:
77
8
100
preferred
Brazilian Traction Lgt
A May
3% July
-
73
6
A3%
1,300
v
10
24
:
Low
13%
9
73
Range Since January 1
•
common
1st preferred
2d
12%
"l
25
Inc
30
■
10O
Borne Scrymser Co
Shares
High
Low
■
•
July
8% May
9
for Week
of Prices"
12%
S-1
•
Sales
"
Range
,
•
(H C) Co common
1st preferred
170
104
102
Par
,
Bohack
1/64 J|lar
1% Jan
2,000
3
^
88%
2%
•
—
conv
„;
1
common..
...
Jrt
">,■
Apr
Jan
2%
86%
21%
Jan
7,600
'
-
(Mich)
conv
800
8
7
4%
.
Jun
Blumenthal
Week's
Last
Sale Price
Preferred
>
...100
Ino
Investment
Intl Investing $3
Allied
»<
—
& Fisher
Alliance
...
.....
v'
—
• VV
*
102%
'
preferred:
'
'--j
"2%
;
50
Southern
Allegheny Ludlum-Steelr—
;
600
2,300
4%
Friday
Exchange
July 30
v
24
Feb
July
4% July
5% Jan
6%
3%
,
—
ElectVic" Ap"pHance"I~Z""3
$6
17
,
Curb
High
20
27%
4'/8.
7%
3%
,■
Air-Way
Alabama
Alabama Power Co $7
70
100
••..
20 ■■
10
■
,
-
*
York
Week Ended
Range Since January 1
Low
2%
—
2
common
Convertible
j
Corp
22
20
.^,4V*f
77/a
5
1
50c
(N J)
22
—
'
1
*
Ainsworth Mfg common
Air
22
1
New
Shares
iiwh
Low
10
Supply Mfg class A
STOCKS
for Week
Range
of Prices
par
,
Wire Co
Saturday,
on
It is complied entirely from the daily reports of the Curb Exchange itself, and is intended
1943).
Sales
Week's
Friday
'Last
Sale Price
Ex chance'
Curb
ihowa
are
security, whether stock or bond, in which any dealings have occurred during the current year.
Week Ended July 30
<
(July 30,
present Friday
the
STOCKS
New
Aero
,
extensive list we furnish a complete record of the transactions on the New York Curb Exchange for the week beginning
ending
and
24
to include every
Acme
RECORD
deferred delivery
and
In the following
July
:
YEARLY
AND
sales are disregarded in the week's range unless they are the only transactions of the week, and when Belling outside the regular weekly range
footnote in the week in which they occur.
No account is taken of such sales in computing the range lor the year.
NOTICE—Cash
100
100
117%
1
4%
.
4,4
65
566%
117 A 117 n
109
109
* 4%
4%
700
r
1,900
110
Jan
Jun
*
10
2,900
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, August 2, 1943
NEW YORK CURB EXCHANGE
STOCKS
York
New
.
Curb
Last
of Price#
Sale Price
July 30
Low
Par
Consolidated
Mining
Consolidated
Retail
H 8%
preferred—
Royalty
Consol
Steel
Textile
1
7%
6%
100
—10
•
2
9%
2
Stores
Consolidated
Consolidated
37%
& Smelt Ltd—5
-
Oil
;
Corp
Co——————10c
STOCKS
Sales
for Week
Week's
Range
Friday
Exchange
Week Ended
Shares
625
2.300
2%
9%
300
2,000
31
3%
3%
3%
-
2,300
Jan
Par
General
Jan
General
Rayon
l'/a
Jan
2% May
General
10% May
3% July
107
4
General
July
Gen
100
preferred
prior
1
Continental Roll & Steel
•
Cook Paint & Varnish Co.
Cooper-Bessemer common
$3 prior preference
—.
Copper Range Co
Cornucopia Gold Mines
Inc
Corox
—*
—
5fl
*
—.—1.
————-——
Reynolds—
&
corroon
*
——*
.
*
$6 preferred A—
Petroleum common
1
50
Cosden
preferred
convertible
5%
.
Courtaujds Ltd—
American dep receipts (ord reg)__£l
Liquidating Co—
C-W
Croft
Brewing
Cent
Petrol
Crown
Cork
International A
convertible preferred.
Crystal Oil Refining common—
nc!$
$6
Sugar..—
Tobacco
38%
6%
%
10
10
1%
86
1%
86
2%
2%
21
2
87 /4
2%
6%
%
—
Gilbert
$5
23
Inc
39%
275
10%
400
Class
$7
4,500
150
Mfg Co
3%
600
3/4
9%
4%
9'A
6,900
400
1%
22%
1
1%
23 %
1
$3
1,000
275
Grocery
20%
Mich Stove
Steel
Lamp
Dobeckmun
Co
Co
common
5
25c
—
—
•
•
Inc
(Geo A)
Co
C)
& Hardart
Horn
&
common.
5%
..
*
1
1
Baking Co—
Hardart
—.100
;
5
(Harvey)
Oil
*
*
...
preferred..
Hubbell
Inc—
Refining.
&
Fibre
Ligonier
♦
i—
5
•
Corp
Co
Huyler's common
V t c for 1st preferred—
^
Hydro-Electric
prior preferred—
1
*
1
•
5
Securities
Hygrade Food Products
preferred..
...
Malleable
Iron
——
1
Corp
L
$7 preferred series A
$6 preferred series B_.
...
...
Illinois
Eastern
Sugar Associates—
preferred v t c
Easy Washing Machine B__.
$5
convertible
arrear
•
preierred
50
I
certificates
Zinc
Illinois
Economy Grocery Stores
& Share
Power Co
Iowa
5Ve
Div
-
_•
Co
Imperial Chemical Industries—
Am dep rets regis—
common.*.
£1
Imperial Oil (Can) coupon
;
*
Registered
*
Imperial Tobacco of Canada
5
Imperial Tobacco of Great Britain &
$5
preferred
$6 preferred—
Electric Power & Light 2d pfd A_.
Option warrants
...
...
Ireland
Corp
_£1
_——
Indianapolis P & L 5%% preferred.100
Indiana Service 6% preferred——100
Elgin National Watch Co
Electric
5
*
•
common
Humble
Lead
i.
& Co common
(A
8i Fuel Assoc common
States
■
...
Horn
class B
Eastern
25
:
—
Horn
Eastern
2
5
Hussmann
Mfg..
'
Empire District Electric 6% pfd
Empire
•
50
i
common...
Hummel-Ross
Emerson
,
preferred....-
*
Co
Hormel
;
Electrographic
1
J
;
Rubenateinj———
-
Horder's
Duro Test Corp common..
Duval Texas Sulphur
Bond
ctfs
Co
Hollinger Consolidated G M
Holophane Co common
i
common
Hosiery
Electric
5
10
25
;
—
common
Duke Power Co
6%
*
•
....
Mining Co
preferred
7%
100
Industrial Finance v t c common,.
7%. preferred
Power participating stock.
Emsco Derrick & Equipment
Equity Corp common
$3 convertible preferred
Esquire Inc
Insurance
Co
of North America
International Cigar Machine
1
100
10
*
International Hydro Electric-
—
Eureka
$3.50
Preferred
Pipe Line common
Eversharp Inc
International
common
Aviation
Fairchild
Falstaff
Engine & Airplane
International
(Phila)
Power & Light
.
$7 preferred.
Am
dep rets ord
2%
International Safety Razor B
21%
International Utility class A.—
5%
70
70%
101
101%
'
$3.50
A
Fort
dep
Worth
of France—
rets
Hosiery
Equipment
Mills.
—
Interstate Power $7 preferred
voting—
Amer
i*
—*
i—
..
1
*
.*•
Investors
Royalty.
1
Iron Fireman Mfg votihg trust cfcfs—•
Irving Air Chute
1
Italian Superpower
Home
Interstate
non-voting
B
Motor
*
preferred.—
prior preferred
Interstate
reg
Class
$1.75
*
i*
B—
Class
Motor of Canada—
Class
Ford
•
10
—
5%
.
shs..'
—
Products
13
Ford Motor Co Ltd—
Ford
coupon
shares...
17%
Mfg Co
Association
Florida
2%
Registered
9%
11%
Metallurgical
Fedders
Fire
x8%
Brewing—
Fansteel
1
*
Inc.—
A
Chem Corp warrants..
International Petroleum
'
Fairchild
50
series
Industries
International Metal Industries
Int Minerals &
bearer.——.
stock Yards
..
Foundation Industrial Engineering—
Name changed to_*._
Stokely Foods, Inc—
(Peter) Brewing Co
Co Distilling
Fox
...
Franklin
Froedtert
Jacobs
Grain St Malt common
Jacobs
Conv
participating preferred
Fuller (Geo A) Co——
$3 conv stock
4%
convertible
Aircraft Engine CO-.———1
iF Lj Co—.—
-i
Jeannette Glass Co.i..
Lt 5%% pfd—100
preferred..—-i
——100
preferred.*——>—
100
& Kokenge Co*
—
-*
Jersey Central jPwr &
,
preferred.—..
6%
7%
Julian
Gatineau Power Co common—
5%
preferred
Gellman
General
Kansas Gas & Elec 1%
Mfg Co common
Alloys Co...*
~2Z
Fireproofing
For footnotes see
common-
page 473,
preferred—100
(Geo El Co—
preferred.
Kennedy's Inc;—.—
7 7c
1st
;>v;:
~B
■
i———100
—
8
Ken-Rad Tube & Lamp A—
General Finance Corp common.!
5% preferred series A
General
Gen Gas Si Elec $6
preferred
Keith
•
Geh Electric Co Ltd—
Amer dep rets ord
reg.
*
pfd B—•—100
preferred D
—
i.
—100
Kingston
Products——————1
Kirby Petroleum
J
Kings Co Lighting 7%
5%
12%
&
.
108
Jan
July
Jun
1%
Mar
a % May
Jan
July
Jan
27
31
July
4% July
56
July
Feb
'
22%
Jan
5%
1,000
3%
Jan
5%
-7%
8%
2,000
3%
Jan
8% July
28%
28%
100
85%
350
140
34
29
Jun
Apr
8%
4%
1,000
4%
50%
50
100
2,600
__
...
.
_.
127% Mar
800
..
.
"85% July
67% Mar
-
50
:
•
<
Heyden Chemical common—..2.50
Hoe (R) & Co class A
10
Karris Co
4%%
pfd
Henry Holt & Co participating Al
Corp.—£
Picher
$5.50
Hewitt Rubber common.
Bridge Co Ltd
Gas
26
;
Paper
Preferred
Dominion Steel & Coal B
Eagle
common__25c
Corp*...—
Hecla
7%
7%
Co
convertible
Helena
common
Truck
East
£
Dept Stores common
6%
Products
Divco-Twin
Durham
i
of America B non-cot com__l
Hearn
...
Jan
6,400
—
83%
Hazeltine
*—.
5%
..
33
Products
Brewing
40
96
20
%
%
•
38
Hat Corp
Diamond Shoe common
Driver
stock.
Paper
Electrfo Light.
;i
Hartford Rayon voting trust
Harvard
Jan
Tea-
Hartford
preferred
Draper
Pacific
-
—
$6
preferred
Gypsum Lime & Alabastine—
Hall
18% Apr
26%
4%
■
*,
Class A.
Detroit
%
..
.5
Gulf Oil Corp—
Gulf States Utilities
16,800
May
12% Jan
31
common--
Stores
9%
104% 105
—
Co-.
&
Jan
4%
100
.
Greenfield Tap & Die
100
Gray Iron Foundry
Dominion
Mfg
Northern
Heller
7 '7o
1
■
A_
Non-voting common
7%
1st preferred
...
Detroit
9%
—
t
Atlantic
Great
preferred
Vilbiss Co
ciass
7%
July
July
•
*
Mines—
preferred
Great
Derby Oil & Refining Corp com—
A A convertible preferred
Detroit Gasket & Mfg
De
i
Consolidated
Gorham Inc
Class A convertible...
Detroit
♦
A
Goldfield
Dcjay Stores
;
*—
Dennison Mfg class A common
6%
B
preferred-
Hammermill
...
13
38
Darby Petroleum common
Davenport Hosiery Mills
Dayton Rubber Mfg—
$6 prior preferred—.
8% debenture
Apr
45
—
39
2.50
5
common
Feb
9% May
51% July
7% July
*
3%
19'A
98
Jan
Godchaux
Gray Mfg
19%
111
Jan
11
Grand Rapids Varnish
i
Jan
900
150
7%
Jun
4%
3,600
Gorham
—
,
....
—
.
'
89%
16'A
800
1%
100
-
6% July
42
July
20
8%
15%
•
common
(Mo)
—
112
Jan
125
98
8
Jan
3%
300
111
96
~
15%
Sugars class A
May:
2% May
July
Jan
•
Coai__.
2
76
31
$
Apr
July
Jan
150
42
Glen
300
—
52%
:
75
64
.
Jan
.
100
100
vo
—
41%
6%
•
y2%
4%
210
110
—
•
%
--
1,800
•
y2%
%
2
Co
--
—
Jan
Gladding McBean & Co
Alden
High
Jan
30
75
.
6%
41%
*
Goodman
__
1%
72
..
•
*
common
—
Gilchrist
61
103%
/
•
preferred
(A C)
Preferred
-1%
72
1
Georgia Power $6 preferred
100
13,400
10
5
—
Lighting
37%
6
%
—
1.300
200
1,400
1,200
1,800
9
28%
25c
25
*
Crown Drug Co common.
Curtis
12
Low
20
240.
75
63%
pfd A__100
_
9
25%
——5
*
(Md)
Crown
Curtis Mfg Co
11
10%
10%
High
74%
62
•
common
preferred
25%
1
*
Crowley Milner & Co
Cuban
11
—
$3
190
Electric
*
—
Co
preferred
Cuban Atlantic
96
11%
Range Since January 1
Vz May
Tire & Rubber 6%
Water Gas &
Shares
stock
A
preferred—
5
Petroleum
Creole
95
11%
96
11%
Co
convertible
$6
V
Sales
for Week
Range
of Prices
Low
Shareholdings Corp com—1
Jan
Jan
Week's
T
Last
Sale Price
Outdoor Adv 6% pfd
100
Public Service $6 preferred-..*
General
41
Mar
7% July
Continental Gas & Electric Co—
7%
Friday
Exchange
5%
107
9
3%
Jan
Curb
Week Ended July 30
High
Low
High
39%
7%
York
New
Range Since January 1
-
„
27%
5%
1%
140
Jan
Jan
37% Jan
102%
•
,
July
36
Mar
10
Jan
Apr
4% May
50% July
Jan
110% July
107% Mar
115% July
5Vb Jun
4% Mar
Volume 158
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4199
471
NEW YORK CURB EXCHANGE
STOCKS
New
York
Week
Curb
Week's
Friday
Exchange
Last
,-
Low
Par
Kirkland Lake G M Co Ltd
Klein
(D Emil)
Kleinert
(I B)
Knott Corp
Co
4%
(S H)
Rubber Co
Kreuger
8%
14
Apr
Navarro
Apr
14%
Jun
Nebraska Power 1%
Apr
10
Apr
4Va
Jan
10
13%
13%
100
6%
6%
92
400
Jan
July
1,200
Feb
10
102% July:
6%
1
69
12% Mar
4%
Oil
Nehl Corp
Nelson
Co
preferred
Lake
1
Lane Wells Co
13
12%
1
Shore Mines Ltd
Lakey Foundry & Machine
Lamson Corp of Delaware
Lane Bryant 7% preferred
31
3
,
14
5
5
11%
3%
7% Mar
4%
4%
4%
200
1%
Jan
1
Jan
England Power Associates
6%
July
•
preferred
Haven
Clock
Langendorf United Bakeries class A—•
21
21
100
•
Class
New Process Co
Apr
N
Y
Auction
Apr
N
Y
Mar
N
Y
&
Feb
N
Y
6,
Feb
101
Jan
11%
*
Convertible preferred
Lehigh Coal & Navigation
Leonard
Oil
% Mar
12'/8
Feb
8Va
15,300
4%
Jan
9% May
i\i
5/«
7,800
iY
Jan
% May
29%' 29'%
100
24%
Jan
32% July
25
(R G) Inc
1
Material Co
Lipton
Lit
(Thos J)
Brothers
Locke
5
—
Inc 6%
11%
11 %
10%
1,800
Steel Chain
Jan
12%
Jan
7/a
Jan
23% July
2% May
14%
16
750
12%
Jan
16%
8%
9
Jan
1%
3,600
3,100
6%
1%
_•
.10
•
125
21%
Jan
20
Jan
53% July
48% July
Jan
9% July
Jan
109% July
Jan
—V
-
8%
Long Island Lighting common
7% preferred,class A
6% preferred class~B
TOO
47
47
49
.100
42Va
41%
46
Louisiana
...1
&
Exploration—...
& Light $6 pfd...
Louisiana Power
Lynch
Corp
7%'
«
1,650
8%
73/a
26
26%
7,700
5%
26%
1,000
18%
Jun
$5
convertible
Jun
preferred—
munication
Co
10
N
Light 1%
preferred
Y
preferred—100
1%
2%
1,800
%
Jan
2%
4%
5
300
2%
Jan
5
July
85
20
Jan
90
Jun
85
.
57
Jun
26
Jan
35
Jan
4
Jan
5%
600
3%
Jan
1 Va
100
130
Jan
2
Apr
Massey Harris common
•
7%
7%
8%
500
4%
Jan
8%
Jun
Y State Electric & Gas $5.10
Y
Water Service
Niagara Hudson
5%
1st
2d
6%
McCord Radiator & Mfg B
*
—V
3
3%
1,300
1%
Jan
McWilliams Dredging—,.
•
12
12 Va
2,000
8
Jan
138% 146%
130
125
Jan
•
—i-iv—i
.
11%
*
5
common
3%
*
37
Merchants & Manufacturers class A—1
^
common—-,
preferred—
100
—
&
•
Scott—_
•
Warrants
3%
37
-u'
;
■,
25%
37
800
2%
50
■
21
27
147
Jan
Jan*-
19
50
4% May
13% May
July
4%
Jan-"<-
2
>
■
25%
39
Jun
July
6 Va
«
Jan
6%
6%.
A preferred-——.—--;
100
Messabi Iron Co—————
—-—1
Textile
Corp—
5
i-,100
28
Jan
%
Preferred—
i
Midland Oil
3%
May
May
u
5%
t c.l
13,400
,
3%
Jan
1,100
■'
n.
%.
f>
6%
MM
'
%
5%
'
6%,
Jan
2%
1% Mar
111% July
% Mar
16
Jan
150
4%
Jan
6%
1
400
%
Jan
1 % May
1,000
6Va
Class
A
1,700
1 %
9
X3%
2.500
%
11,600
1
4%
—
8
—
Apr
7% Mar
6% July
•
Jan
8Ve
Jun
Jan
2
Jun
Jam-
9%
Apr
9%
Feb
Mar
•
Co
20
20
21
400
15%
Jan
21
*
29
29
30%
500
25%
Jan
35 V*
Apr
50
—;
2
2
600
1%
Jan
2%
Apr
10
——
Piping & Supply
Mid-West Refineries——
:
pfd
Monogram
Monroe
Loan
Montana
1
2%
300
57
5.6
..
1%
Apr
2% July
1% Apr
Jan
59 % Mar
Jun
94% July
90
8
Jan
8% July
12 Va July
4%
Jan
13
1
2%
Class
A
Nipissing
Noma
Mines
11%
11%
200
10%
ii%
12 V*
8,300
17 Va
3%
17%
—
650
3%
3
*
3,400
1%
$6
B
Rayon class A
900
54
Jun
72
70
42
Jan
1/64
1/64
:A»
700
5 Va
5%
1,600
10%
11%
5,700
8%
—
1,700
American
^
Nor Indiana
7%
280
170
21%
22%
Jan
163
class
Power
150
Refining
National
Rubber
National
Steel
National
Brass
Ohio
Edison
Co
pfd.100
A
B
Public Service
6%
Tea
National
Tunnel
National
For
5%%
$6 pfd
Oilstocks
Ltd
Union
footnotes
&
see
page
$5%
22%
Jun
7/e May
700
Jan
34
100
23%
Jan
34
July
July
100
51 %
Feb
53
Mar
%
%
100
Feb
1% Apr
4%
4%
1,300
4
Feb
6
Jun
100
100%
20
82
Jan
102%
July
108
108%
40
%
—
6%
6'%
102% Mar
7%
2,300
4%
200
16%
Jan
4%
2,200
2%
Jan
225
17%
Jan
230
91
110
Jan
26%
26
—
Jan
Jun
8% May
27 Va
May
Filters
B
Pacific
Can
5% %
Co
5%
Jun
14%
,7%
15
200
11%
600
7%.
8%
9
6%
15.,
15
15
;1%
2
4%
,57
25%
25%
1,300
27
*
10
23,200
Pacific
Public
$1.30
1st
Paramount
Motors
13%
13%
14%
8%
300
167/a
Jan
53%
200
48
Jan
114% 115 %
205
110
Feb
11
11%
15,800
;
•
1
.
Corp
Jun
11%
11%
♦
18% July
129
July
10%
Jan
69% Mar
Jun
15%
-
Jun
2
Jun
28% July
33
Jan
29
Feb
Jan
Jan
July
July
54
July
14% July
12
Apr
4% July
87%
17%
17%
19
12%
13
1,400
—
—
1%
1%
1%
800
3%
4
900
102
July
7
May
Jan
13
May
Feb
53
9%
Jan
21
July
May
7
Jan
8%
Apr
11
Jan
13%
Apr
2%
Feb
40
1,200
12%
Jan
Jan
6%
)
^
'
Jun
19%
Apr
55 V* July
117
May
7
Jun
8
Feb
7%
100
3%
Jan
8
Jun
7% /
7%
800
3Va
Jan
7%
Jun
■
„
•
12%
1% July
% Jan
12%
100
Jan
13% May
36%
1,000
31
Ja n
33%
33%
100
28 V*
Jan
36% July
33% July
140
102%
107% 108%
108 V*
100
92
90
$1.40
Penn
Gas
Penn
$6
& Elec
Feb
xl9
Jan
86
3%
Jan
6% Mar
150
17
19
2,500
36
36
10
Power &
Mfg
Co
Co
•
Jan
18
44
Jan
63%
75
27 Va
Jan
38
V*
Jan
9%
-f
98%
460
99%
93
99 V*
93
10
9%
Pitts
Bess
&
L
Jun
Jun
3
July
Jan
69
Jan
122
July
July
Jan
34
Jun
700
4
Jan
7
Jun
800
;
5'-
Jan
9% July
125
31%
Feb
a
7%
600
4%
Jan
28
26
29%
17,400
8%
Jan
30
•
common
E
Jun
July
%
*
11
11
11
200
8V8
Jan
13 V*
Jun
25
common
34
34
34
7%
6%
34
9%
July
Jun
July
1
Meter
RR
1%
1%
1%
6,400
lVa
Jan
2'/a
Apr
•
Ltd
Postage
July
95
173
1
pfd
Co...
Mines
100
Jan
Jun
July
Apr
51 Va
21%
8%
Gold
1%
Jan
104
9 Va
Pitney-Bowes
850
67 Va
•
Pioneer
Jan
74%
July
2%
66 V*
66%
6 %
Governor
Jan
% Mar
6
Pierce
76
150
6
common
Apr
4% Mar
50
1
Securities
3%
38
*
;
Packing
32 V*
63 %
Pharis Tire & Rubber.
Phoenix
Mar
Apr
63 %
100
Co
July
32%
20
Co
Perfect Circle
36
Jan
13,300
2.50
Power
19% July
Jan
4%
.50
common
Jan
28
37%
63 V*
*
Mfg
Pepperell
•
9%
6% Apr
23% May
4%
4%
•
Light $7 preferred
Jan
31
1
preferred
14
July
July
9% July
28%
1
A com
Jun
95% July
5% Jun
72%
25
class
108 %
20
8%
23
22%
17%
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred
*
Jan
15%
7%
♦
Pennroad Corp common
Penn Cent Airlines common
Jan
Jan
47,900
85
84
*
common..
73
3%
7%
1
Telephone
preferred A
8%
x7%
7Va
7%
1,100
6
Jan
7%
Jun
38
Jan
42'/a
Jun
62%
410
47%
Jan
65 % July
50
Pittsburgh & Lake Erie
50
61 Va
13%
61
Apr
May
8%
1.300
•
35%
35%
Pittsburgh
Metallurgical..—
10
Plate
4%
Apr
12%
Inc
1
common
common
Sugar
Powdrell
&
Power Corp
14%
Jan
2%
Jan
97% July
4% Jun
Jan
13% July
12% Mar
14% July
1% May
13%
14%
14%
7/a
25c
%
Feb
9%
800
3%
4% Jan
6 Va
6%
400
8%
8%
25
20'%
20%
Co
*
Mining
♦
if.
1
Inc common
Metals
of
%
10
M
J
A-
1
7Va
Corp of Nevada
Prosperity Co class B
1
V*
of
19
Jan
%
5,300
Jan
7 Va
7%
%
%
8
..
700
1st
1%
1st preferred
preferred
Puget Sound Power & Light—
$5 prior preferred
preferred
Puget Sound Pulp - & Timber
Pyle-National Co common
Manufacturing
;
Jun
30:/4 July
Feb
41
May
7% July
% May
8% July
8% Mar
Mar
7
Jun
Apr
106%
Jan
109
Apr
114
Jan
115% 116%
1.875
101%
Jail
117%
Jun
75 Va
1,900
45 %
Jan
75%
Jun
7%
Jan
13%
Apr
15
Jun
100
116
70%
70%
11%
12
800
5
13%
13%
150
8%
Jan
10
8%
8%
300
7%
Feb
*
Apr
104
—
100
*
*
Jun
7
Jan
4
Colorado—
6%
9%
■jY Jan
3%
900
1,100
Jun
x9
Jan
Jan
7%
•
100
5%
'
•
America
Gas
Public Service
Pyrene
Jan
•
Gold
8%
,Y
5
Producers
$6
25
9
9
5
100
1,300
1
Alexander.."
Prentice-Hall
Pressed
Jan
84%
300
Va
of Canada
Pratt & Lambert
Premier
10 Va
400
4
13%
10
Co
350
95%
3%
..._7.50
common
Scale
13%
95
25
Glass
Providence
■•V V.
10
■
♦
Peninsular
Phillips
3 Va
•
12
/-
July
7%
:
.1
Traffic Co
14% Mar
9
160
.
*
common
Parkersburg Rig & Reel
Patchogue Plymouth Mills
Water &
15%
2% Mar
ioo % 100%
v.
Jun,
112
Jan
19
10
Penn
Mar
44%
6,900
11%
103% Mar
__
100
Co
Penn
Jun
180
Jan
15%
100
25
53
Pantepcc Oil of Venezuela Am shs
Sugar Prop
18
52%
113% Mar
•
preferred
Page-Hersey Tubes
Penn
25
50
115%
Jan
18%
25
Service
July
Apr
Jan
tY Jan
400
Jan
107
18%
25
Pacific Lighting $5 preferred
Pacific Power & Light 7% pfd
Pneumatic
1%
Jun
106%
60
109 % 109 %
109 V*
•
1st pfd
preferred
Salt
Jan
10%
300
22% May
102%
90
—'
common
Elec
&
1st
Jan
11%
114
113% 113%
1
Jan
11%
113
113%
102%
1
13%
-
21
101
53%
_
Securities
112%
•
3 •%
20%
101
MM
Omar Inc
Overseas
3%
"
Apr
30c
July
4%
53
•
prior preferred
conv
United
6%
•
473.
79
Jan
50
__
Phila Electric Power 5%
12.50
Radio
Jan
3%
..15
common
Mar
-*
.
Mines
Jan
350
5
common
Natural Gas
preferred
~2%
*
.
sa
52%
77
30%
1C0
100
Jan
Va
100
1st pfd
Jan
6
•
preferred
6,300
32 Va
20%
to
1st preferred.
Oklahoma
$3
7%
1%
2%
5%
•
Ltd
Transit—:
200
%
52%
100
•
common
preferred
4%% preferred.
Ohio Power
Ohio
class
4%
2
—
75
1
common
Machinery
National
July
1% May
30%
25
$6
1,800
"2
50
common
National
Apr
9 V*
O
2,100
1
(Del)
Sugar Refining!
Feb
12%
31
...4
33 % July
33%
•
Car
103 Va
Jan
1%
—
Ogden Corp common
Jan
32%
•
preferred...
National Power & Light
National
Jan
8% May
% Jan
4%
72 Va
—
•
Penn
1% May
7% May
Jan
Apr
May
4
1% Mar
5%
172%.
•
Container
May
6% May
53
Corp
20%
1
common
Mfg & Stores
Feb
tY
Jan
30%
100
States
Jan
Va July
3%
50'
Public Service Q%
preferred
Nbrthern
1/128
%
—
5
Co
900
Jun
1%
73 Va
•
Oil
Texas
Philadelphia Co
•
common—
common
National Fuel Gas
National
3%
83% July
76 Va July
4%
1%
*
Utility Securities
Central
22% July
*
2%
*
100
Nachman-Sprlngfilled
National
•
91
—
50
Potrero
convertible
Jan
79%
—
•
common.....
Polaris Mining
$3
Jan
1%
May
109'/a May
58% May
Jan
36%
10%
1
.
prior preferred
Plough
Candy Co
City Lines
102 Va
70
—
Light & Power common..1
preferred
•
21% May
Jan
%
100
172%
1%
17
109
N
National
July
23
74
5
Electric
Pleasant Valley Wine Co
National
105
36,700
—
Pittsburgh
Hess
Feb
16% July
5Va
North Amer
•
preferred
Bellas
July
35a
100
100
common
Murray Ohio Mfg Co.
National
July
112
1/64
5
preferred...
Jan
10
—
Mountain States Tel & Tel—
National Breweries
13 Va
Jan
3%
100
21%
Moody Investors partic pfd...•
Mtge Bank of Col Am shs_,___'^_
Mountain City Copper common
5c
Muskegon Piston Ring
Muskogee Co common.
Jan
Jan
1
...
Power
Jun
Mar
50
700
Dakota
States
19
1
56%
*
—
common
fountain Producers
8%
Jan
Jan
Utilities—,—10
Ward A...
—i
•
Montreal Light Heat & Power—!,
•
6%
2%
Jan
5%
Montgomery
Mountain
6%
100%
1
Society A
1,500
14
2.50
Corp
Pictures
8%
*
Mock Jud Voehringer common.
Monarch Machine Tool
8%
July
100
Missouri Public Service common.
Molybdenum
8 Va
2
f
i
Mining Corp of Canada
*
Minnesota Mining & Mfg———
♦
Minnesota Pwr & Light 7% pfd——100
Mississippi River Power 6%
350
54
52
•
76
optional warrants
Pacific Gas
6Va July i,
4% Mar-
800
7Va
6%
1%
common...
Oil
Midwest
400
102
31 % Mar
Apr
2,600
8%.
Midwest
16%
2%
100
preferred
Parker Pen
Abrasive—
160
3% July
Jan
108
10
18
8%
$2 non-cum dividend shares
Mid-West
24% May
10% Mar
—
Jun
Midland Steel Products—
Midvale Co
18
4% May
8% May
Feb
5%
1%
Corp $2 conv preferred—•
108
7
5%
'
l
Apr
lVa May
i
28
—5
common
-::r
8%
Jan
98%
50
,
111% 111%
1
v
2V8
—1
c„——
...
__
*
1
Middle States Petroleum class A
Corp
1%
.
15
Micromatic Hone Corp—
West
2
.2.50
*
;—10
Michigan Steel Tube—i
Michigan Sugar Co—
Class B v t
101% 101%
—25c
Participating preferred
£
Metropolitan Edison $6 preferred
Michigan Bumper Corp.
Middle
7
-
6Va%
Metal
:
Jan
Jan
2%
70%
10
common
Class B optional warrants
Niagara Share class B common
Oliver
Chapman
100
—
108 Va 109
108%
pfd.100
pfd
Power
preferred
Ohio
Merritt
23 V*
5
Jan
2% Feb
95%
July
6% May
1 Va
Participating
Feb
50
16%
23
11
5
1%
Stores
31
28
—
200
5%
Mar
•
,
Memphis Natural Gas
July
Jun
2
5
Mercantile
4
106% 108 Va
1
N
Novadel-Agene
_—
Co
Jan
•
shares
N
Northern
*
Shovel
&
1 %
Com*
Mass Utilities Association v t c
Mead Johnson
Jun
Mar
3%
22%
108
1
—1
Steam
21%
68V*
Shipbuilding Corp—
Founders
North
Ltd
Margay Oil Corp—
Marion
Jan
Jan
1,900
—
—
Jun
13%
57%
5%
—
9
500
3%
—
10
*
*
Mapes Consolidated Mfg Co.
i
Marconi International
Marine
Rosario
Jun
107% May
1,000
&
3%
—
—
—
Nineteen Hundred Corp B
5
•
3
Niles-Bement-Pond
Apr
l7/a
(The B) Co
Jan
200
3%
—
North Penn RR
Manischewitz
4%
7
20
2%
M
1
Jan
66
—
Y Power &
6%
Stores
87%
19
*
Honduras
Class
Manati Sugar optional warrants
40
63
•
North American
Mangel
101%
19
9% Apr
iY Jan
103
lis
common
1%
17 Va
29% May
2
2
::5
;
Lone Star Gas Corp new common-
Land
7%
17%
400
preferred—25
common—,
53% July
Jan
7
—
common
Merchandise
5%
Line
Jan
9%
101
common!
Co
$6
Jun
5% Mar
7%
7%
*
:
21
,
25%
100
Jun
1% July
16% May
•
-
Development
Le Tourneau
19% May
2% Feb
25
1,800
17%
63%
City Omnibus warrants
Feb
4%
53%
1
Land
Arizona
Jun
1
B
&
Jun
17 Va
—
•
6
11% May
5% May
5% May
50
25
common
4%
N
Lefcourt Realty commoi\
Mexico
Y
—
100
Co
4%
50
*
England Tel & Tel
Inc
—
100
preferred
$2
14%
6%
21
Apr
112% May
—
*
class A
39%
3%
—
—
Nestle Le Mur Co
Jan
300
Jan
—
High
400
Jan
100
11
Feb
300
8%
100
1
104%
5%
2
100
common-
20
9%
Jan
900
Jan
111% 111%
—
Low
5%
20%
5,100
3 Va
3
5
50
,
12 Va
8%
New
31
31
1,000
8%
New Jersey Zinc
100
Range Since January 1
'
20%
20
5%
Corp
New
(N J)
Shares
•
New Idea
RR
for Week
High
20% V
—100
•
1st pfd
(Herman)
New
Lackawanna
Low
•
Sales
Range
of Prices
5
14% May
6% July
Jan
Week's
Sale Price
Neptune Meter class A
New
10
Friday
Last
^
Par
9% July
Feb
69
100% 102%
QY
Exchange
July 30
High
Jan
300
100
Co
Curb
Ended
%
600
9%
~7%
7%
—100
preferred
York
Week
Low
U.
*
special preferred
Brewing
High
U
1
1st
Range Since January 1
*
10
common
common
convertible
New
Shares
13%
1
Kobacker Stores Inc
Koppers Co 6% preferred
Kresge Dept Stores—
Kress
STOCKS
for Week
Range
of Prices
Sale Price
Ended July 30
Sales
12
8%
9% llBV
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, August 2, 1943
NEW YORK CURB EXCHANGE
STOCKS
York
New
Exchange
Week Ended July 30
•
:
,
Low
Yrtrk
New
Range Since January 1
Shares
of Prices
Curb
.Friday
&
Exchange
Last
.
Week Ended July 30
for Week
LastRange
.
S TOOKS
Sales
Week's
Friday
Sale Price
Curb
Low.
High
8tinnes
(Hugo)
Corp
Stokely Foods Inc
LOIO
5
new
—
;
>
Shares
Low
'
1%
'
■
•
for Week
High
%
1%
10c
common.
Sales
.
of Prices
Par
High
,
Week's
Range'
.
Sale Price
%
j.
—
1
—
High
Jan
1%
Feb
1,800
1 % May
■
3% May
22>
July
•
'
Quaker Oats common
6% •!■ preferred—
Quebec Power Co
86%
—
'151%
.100
70
Jan
92
Mar
146
Feb
156
Feb
88%
151% 154
'
-.13
;
July
■>.
13
.
July
-
$1.50 preferred
(8) Co
1
*
•
17%
1
•.W
;
Oil
Sunray
;
49
*
49
5,100
2%
%
Jan
800
21%
Jan
:
Mar
Mar14% July
2
July
29%July
Jan
7,900
27%
j
51
-Jun
1%
1%
26
'
«.
.1,600
*
13%
..
4%
4%
'
5%
48
12,800
10%
1%
•
100
48
•
-
21% Jun
j ;<■
V 20%
Jan
7T/» Jans'-1
#»•««•
•
15
—
13% May
12% Jan
*'■
.
,
•
com
..
18%
-
•
43
Jan
Jun
49 Vi May
.
.
14
:
Apr
8% Mar
10% July
2
Jan
1%
Jan
3% May
3% May
3
100
10%
5%
Jan
;
12% Mar
*
Jun
11% Mar
v
Feb
Jun
% Mar
/
Jan
12%
10%
1%
t
'
-
16%
14% July
13% Jan
—
11
1
Reed Roller Bit Co
%
*700
16
2%
Jan
?% Jan
100
Manufacturing common..50c
Red Bank Oil Co
(T2
44,200
200
—
Raytheon
1%
1%
1%
>m
1
50
;
5%% convertible preferred
Superior Port Cement class B
Swan Finch Oil Corp
Radlo-Keith-Orpheum option warrants.
Railway & Light Securities
Voting common
—i
10
Railway ft Utility Investment A
1
Rath Packing Co. common
—10
Raymond Concrete Pile common
*
$3 convertible preferred
•
-i.
-
Stroock
Sullivan Machinery
Sun Ray Drug Co
Taggart Corp common
..1
Tampa Electric Co common..
•,
Texas
*
Power & Light 7%
Texon Oil & Land Co
Shovel
Thew
Co
4
pfd...
25
26
V
1,100
13%
15
J:
12,400
14
100 " 114
2
;
common
4
__
.*.
Technicolor Inc common
114 '
6%
2,400
114
30
6%
6%
2,200
20%
21 ;"
150
6%
•
6"%
1%'
5
...
4%
2
"
Reiter Foster Oil Corp...
50c
5
— ■
1
3%
1 .
13%
• /. — '
Reliance Electric & Engineering..
Republic Aviation
Rheem Manufacturing Co—
Rice
Stix Dry
Goods
Richfield Oil Corp. warrants
Jun
13%
Apr
~3%. "4
13%
9,000
Jan
1,000,
.
14%
9% Mar
Jan
5% May
14% July
9% Feb
1% July
1% Jan
4% July
7
.
T % 1%
3,300
3%
3%
3%
3,300
%
I
t
Rio Grande Valley Gas Co v t c.
%
Jan
10%
1%
Radiator
Richmond
1*8 Jan
1,200
%
%
,
A
700
1
,
A
1% July
%
Jan
Tilo
Roofing Inc
Tishman
1
—
Realty & Construction——1
Tobacco & Allied Stocks
Product
Tobacco
•
—
Exports
Rochester Gas & Elec 6%
&
pfd D
Pendleton Inc
Rome. Cable
;
5
Corp common.
Roosevelt Field Inc
5
I
.
1
Petroleum-. CO..
Root
106%
100
—*
-
Amer
•
;
dep rets ord regis
dep recs def reg
Amer
Apr
$1.20 'convertible, preferred.:—
Royal Typewriter
Royalite Oil Co Ltd
20 f
*
•
;
Russeks Fifth Ave
1
*
__1
10%.
11%
10%
2%
2%
Jan
17
Jan
11% July
2%
400
3
5
5
5%
17
17%
61
63
__
Consolidated Petroleum
Ryerson & Haynes common
Ryan
Mar
4
Jan
Jan
18% July
Feb
69
2%
350
19
1%
Jan
6% Mar
500
ft Jan
1
Chatillon
2% May
Class
-:r 10
Corp—
Class
fit
A
pref
$2 conv
Oil
Dome
61
Mills
Sanford
9%
(D A)
Schulte
United
3%
Jan
%
Jan
15%
1,700
16%
700
12 %
Jan
6,700
%
Jan
1,475
22%
Jan
43
1,500
25%
Jan
32
July
July
17%
Jan
26
1% July
Spring Brook Water Service—
preferred—
*
Steel Co common
*
.4
$6
'
Securities Corp General
Seeman Bros Inc—
;
——1
;
_
100
1
29%
Jan
4%
Jan
-3,100
250
1
9,800
46
%
17
3
May
1% May
10' -May
Jan
5
3,450
300
51%
Jan-
50
52%
Jan
—-—.
Jan
72% July
73
,
July;
"
Sentry;• Safety Control.——————
5
5
_——
3%
3%
3%
'
Shawinigan Water & Power——*
Sherwin-Williams common
25
5%
Sherwin-Williams of
Silex
Co
15%
94
Canada
15>%
15%
94
100
•
98%
,
115
—100
pfd series AAA
cum
Jan
8%
2'A
'14 v
Jan
4
ft Jan
*
Mining
Denn
3% Mar
% May
4% Jun
.——.1
Serricfc Corp class B_
Seton Leather common—
Shattuck
1
200
600
115
;
*
lU%^r
12%
•
common
13%
13%
;
Simmons-Boardman Publications—
100
13% July
14% July
Jan
10% M'ar
50
July
119% Jun
7%
VA
200
3
3
100
——
—
—
& participating
pfd
-
S
1%
13,800
32
1%
ft
3,800
ft
1
3
•
122%
'
%
%
%
ft-
17
57% Jan
1% May
Jan
July
ft Jan
10
11,600
%
July
14% May
Jan.
%
900
%
•
6,100
3%
2%
3
'
Jan
12
—
—
7% July
f
6% Jan
,
300
1%
July
57 %
•
10c
4% May
Jan
3
4
•
3,300
161/b
16
•
—
10%;
9%
97/b
1
Products
700:
1,000
United Gas Corp common
ft May
16
Jan,'
May
4% Jun
% Jan
59,900
'
$7
Option
preferred non-voting
warrants
—
United Light & Power common A
Common class B—^
$6
$3
%
6,100
36
36
•
90
:
7* Amer dep rets ord regis..—
—100
United Specialties common
U S Foil Co class B—
-
„
O
mm.
■4.:...
'
—
70
.7.0% :
-
45%
•
5%
1
10-
and International Securities
•
$5 1st preferred with warrants
•
——
it
Rubber
Wall
—
80-
Jun
39
July
iFSb'lir: 93'-July
50c
~2%
-
Jan
255
a f..
.
12%^ Feb
..
...
6
'
4% Jun
72% May
47
July^
.43.'Xf Jan
.
,
4
Jan
••
700,/
16,400-— w.2%? Jan//: 5
6% July
V
*
10
'
.
.
50
...
i
Jan
,,..
,
8% July
-10•
i
1. c —3,800
78%. 79 .1
28% :,V; 3'
.27%
7%
-
200;?*
Jan
%
2%
ft
300
5,400
30 Vi
Jun
3%
ft
Jun
ft Jan
27/8
80% Jun
,
27% July
1%-v.Jan
3% —1,000
100
1%
-1% Jan
3%
•
..
»•
1%-Jun '
i
.
July
1% May
60
150
2% Feb
;
A May
3
10
Universal Consolidated Oil
Jun
% Jun
/
-
71%
8%
-
7/b
;
100.
4
4% Jun
;
ft
—
Apr
13
2
Paper
•
-■
300 ./
.
1%
3%
—1
—•
Reclaiming
United Stores common
United
%
,
,250-^.JFeb''
._
...
Plywood $1,50 conv preferred—.20
U S Radiator common.
8
July
55% July
Jan
29%; Feb /
—
mm----
%
45%
5%.
5
U S
Jan.
21%
..i".
'
-.1 %•
common
Graphite
v
20
-
i-'.:
•
»
.7
S
%
■
s
r
11 May
H May:
Jan
50,,
*•
90
>
1
U S
U
.
mm —
25c
10
25
Sharing.:
is* 18'A: preferred—
—
United Shoe Machinery common
Preferred
1
—-—25
>
/*
mm—
....
United NJRR .& Canal Co
U
——
52%
123
:/ Jan
: ./v ft
% Jan
2,700
55%
•
115
i.
r
Ltd—
Molasses Co
United' Profit
%
•
preferred.:
participating
United
123
122
50%
•
—*
preferred..
1st
United Milk Products
Apr
16% Jun
Jan.
Jan
83
50
Juiy
4
*
July
1% July
:9% Jun
-
13% Mar
25
—
3% July
Feb
%
*
—
Allotment certificates
May
16% July
Jan
100
11,800
—
Selby Shoe Co..
;
Selected Industries Inc common.
Convertible stock
$5.50 prior stock
,
1
—_
58
Apr
7% Jan
v
•
.——
Segal Lock & Hardware
Seiberling Rubber common
44
140
2,300
Scullin
800
3
3
3%
United Elastic Corp__
1st
—
Scranton
common
Cigar-Whelan Stores-^
Corp warrants
United
May
31%
16% July
cum
United
3% July
30
preferred
—25
Manufacturing
25
Scranton Electric $6 preferred—
*
Scranton Lace common
*
Convertible
ficovill
$3
Jun
35
•1%
1%
42
39
1
common
8% July
3% July
200
2%
*
Chemicals common
Jan
Jan
850
1,100
10
2%
*
Aircraft
24%
2%
Savoy-Oil Co——8.
Schiff Co common
*
Co
Canada
of
Union Investment
2%
1,800
5%
1
Manufacturing
Gas
8%
4%
10c
10
Corp
Union
137
5,700
62
61
4%
1
•
preferred
4% May
Jun
Jan
Jan
United
12,500
1
*
common..
c.
%
1
Co..
United Corp
Samson
115
Unexcelled
1,900
1 %i:.
"7%
8
1
Realization
Ulen
May
16% July
July
1%
21,400
5
—100
Regis Paper common
preferred
7 %
Salt
16
2
1,800
15%
%
^
1% Apr
•
—50
.
'
3l/8 '
2%
14
14
....
A
convertible
it
it
l;
1,100
*
—
Tung-Sol Lamp Works
80c
30
112
%
Udylite Corp
fit Lawrence Corp Ltd
6,000
107% 108
1
Inc
Tubize
5% Mar
3% Jan
40
5%
112
warrants.
Trunz
Apr
6% Apr
Jan
2,100
1%
1%
Tri-Continental
22
Feb
'3%
300
4%
1,300
1,400
7
58
107%
10
Transwestern Oil Co__
Jun
3%
3%
5%
5%
•
100
100
Trans Lux Corp
5% July
Jan
49%
.200
.
Apr
16
1,700
17
.
7%
800
2%
Ryan Aeronautical Co
.
Jan
13
58
•
—
Shipyards Corp
Toledo Edison 6% preferred.
7%
preferred—
Tonopah Mining of Nevada—
107% July
91%
40
106%. 106%
—
58
Tobacco Security Trust Co Ltd—
Todd
Roeser
1%
Apr
.
convertible
preferred
•
Simplicity Pattern common
1
Singer Manufacturing Co
100
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
£1
Sioux City Gas & Elec 7% pfd____100
$3
Aircraft
Solar
Manufacturing
Sonotone
Soss
Co__
Corp
Manufacturing common.
Penn
Southwest
Southern
common
Oil
Pa
232
234
!
Pipe Line
California
30
Jan
May
175% Jan
241
Apr
3% Mar
8
Mar
•
'
—.
3%
4
4%
'
! '.v
■-.
5
3%
V,
'
96
106
Jan
July
Power
class
A
Phosphate
Co
4,800
65%
2,000
4%
600
5% July
Utah
1,000
1%
Jan
100
2%
Feb
1,200
37%
Jan
Jun
28% Mar
32
300
40
31
32
200
29%
Jan
43% July
32
July
30%
30%
100
28%
Feb
30% July
1%
1%
100
—
..10c
1
Equities common
priority stock
1%
1%
,: 800
72%
73%
3
Line
25
Jan
375
2% May
75
64
64
10
--
—
2
May
July
July
Mar
121%. Jun,
Apr
7%
Jan
23
700
31
1
.
%Jau-.
•
2% Jan.
,
Jun
% May5%.July
2% July
%
Jan
%
Jan
1
1,000
2Yt
Jan
1May
6% May
10
Convertible preferred
1,550
12%
Jan
19% July
1%
Jan
3
Jan
17
_1
common
$1.60*. convertible preferred
Standard Oil (Ky)—u
Standard Oil (Ohio)—5% pfd
20
10
Products Co_
500
•
Preferred
3,000
•
Common class B.
2,000
100
1
.
Standard Power & Light
650
100
125
13
12%
110
Jan
July
July
/ 17% July
Jan
32
113,
Jan
Jun
ft
Jan
ft May
Jan
57% July
2,100
/ 6% Jan
1
1,500
ft Feb
100
~1% Jan
vf
^.,5%»Feb{
'
Tube
class
Stein
(A)
& Co
...
11% July
7%<r
——-——100
preferred—.:
-
——• C
Waitt & Bond class A—
ft Jan
Jan7.
Co
l
1%
1%
1%
1%
«,—•
common.
West
Va Coal
& Coke_i
Western Grocer Co;
6%
5%
2d
1
1st -preferred
__
preferred
_
5
4%
50
Western Maryland Ry
7%
1st pfd..l00 t
com—t
—.—20
95
.
95 J
17%
17%
Westmoreland Coal
21
—
J
f
.30
..
.
350..
.
1,500
...
For footnotes see page 473.
54
Jan
13
2%
Jan
July
July
5% July
Feb
40
Jun
Jun
7%
.1
—
July
35
50
Jan
10
2,200
6%
Jan
700
1%
Jan
12% May
4% July
■ft Jan
1% May
.....20
Sterling Aluminum Products
Sterling Brewers Inc..i
Sterling Inc
Stetson...(J...B1 Co common
ft Jan
Williams
9%
1
3%
10%
«
4%
'
|
1%
1%.
100
"♦
6%
6%
150
2%
Jan
7
May
(R C)
&
4.
Mar
Willsom Products
9
*.
500
206
7%
3%
> 3
100
3^8
1
Inc
*
11%
Cement..
97/a
Jan
Jan
.9% July
4% Mar
1% Jan
12% July
Jan
Jun
108
Feb
;
v.;
7%
4
;
Jun
7% May
:
-
9
125;.
3%
•6%
]
Mar
May
15% May
Feb>
5 V2
May
18
•26
.-
108
12"
10
;
July
i
7Vs Mar-
:
pfd—100 C
Woodley Petroleum
—;
Woolworth (F W) Ltd^?
American deposit receipts...
Wright Hargreaves Ltd
,95
Jan
13
_9%. "9%
•
...
Heating..;
Wisconsin Power & Light
Wolverine Portland
_9
-
111% May
Apr
5%
1
; July
m Apr
11%. July
X
14% Jan:;
10
Co..
Williams- Oll-O-Matlc
:-i
67
21
25
'V
—10
—._—
'
5%Jan-
21
Westmoreland Inc
Jan
.4 :
.
Western Tablet 8t Stationery
Wichita River Oil Corp
9
■
107
98% Jan/rs
...
UU 9
20
z—
l7/e
Jun
ft May
-
14% May
7-
Jan
2%
5 :
...—1 t
Western Air Lines Inc
2% May_
54
13
13
..
Sterchi Bros Stores..
-
900
:
2% July
:
11%
——
Weyenberg Shoe Mfg—:—
B
voting trust ctfs._l
5V4 Mar
v. 10% July.
9ft :
Apr
A15 % July
Apr:---
Mining
1
Wayne Knitting Mills:
—;——8
Wentworth Manufacturing
1.25 Z
West Texas Utility $6 preferred
•
Walker
"
% May
86%,Apr< I
7% Feb*.
•-
-
Standard Sliver Lead.
July
July
'
•
Co—
Wagner Baking voting trust etfs ext..*
t*a May
16%
1
10
9%"
July
100
2.78
:9%"
72 %
^
July
4% July
Jan
1
71
69
Virginia Public Service 7% pfd:—
Vogt Manufacturing—
Waco Aircraft
4,000
July
9% July
9 Va
8%
9% July
%' Apr
...
t
32
30%
30
Petiweum..——..
12
:f» 1 %. Jan
•
*
Spencer Shoe Corp.,
;
.....
Stahl-Meyer Inc,
Standard- Brewing Ca.i_Standard Cap & Seal common—!
64
Jan
6%
I
•
1% July
1%
1%
Valspar Corp common
$4 convertible preferred..—..
Venezuelan
.6% July
5%
-
Dredging Corp
64
115
5
.
Standard
Jun
.
% Jan.
.
...10
.
Co.—
.
Starrett (The) Corp
Steel Co of Canada
May
68% July
4% Jun
Jun
..
43%
J
3%
Jun
—
:
$5.50
61
-
1
Radio Products
Utility
-
2%
—8
•
Utah Power & Light $7 preferred
4% May
—.10
Spalding (AG) & Bros
^
1st preferred
Spanish & General Corp—
:
Amer dep-rets crd bearer—...
Amer dep rets ord regis
a—s
Standard
20% May
2%
•
Jan
42%
preferred
100
Southern; New England Telephone—100
-
19% July
100
Jan
25
25
preferred B
preferred series C
Standard
2,200
20V4
5%
7%
'
17%
Utah-Idaho Sugar.
4% July
50
17 %
20
2%
>6
July
18% July
17%
2
49%
22
16%
1,000
2,600
46
Jun
2% May
100
>
1
3%
3%
45
2
——1
common
Voting trust ctfs.__,—
Universal Products Co—
37/8
4% July
2
8
Insurance
2% Jan
10
5%%
Southland Royalty
Universal
...
2,800
..
25
6%
Southern^ Pipe
B
Universal Pictures
'
•
Southern
Class
2% July
7%
;
*
*
Universal Cooler class A
Edison—
original preferred
Colorado
1
..
25
;
5%
Southern
233'/a
100
2%
.1
1
.1
1
Co
South Coast Corp
South
2%
1
Solar
22
21% May
4%
Jun
Jun
8% July
Jan
,
8a
.
-
•9%
2%
9%
-3V8-
400
7,800
...
-
.6%
2
.10
Jan,
Jan
-
-
4-
Jun
Apr
;*
;-'v77'^X7\
Volume
■■.
;;;•
THE COMMERCIAL & FINANCIAL
CHRONICLE
Friday
BOND S"
y
New
./>' imv7-"' t»"l
Number 4199
158'
York
Curb
Exrhanvo
Last
Interest
Week Ended July 30
Week's Range
:;1
or Friday's
Sale Price
Period
-
Low
American
Gas & Electric
s
f
debs
1950
3'/aS
s
f
debs
..I960
3%s
f
s
decs
Amer
Pow
Writing
&
Appalachian
Elec
Pr
&
Lt
SAssociated
^
1956
Elec
deb
deb
4%s
ADebenture 5s
deb
72
11
5Vis
21
1977
F-A
21%
...1955
M-S
82%
City Eiec 3 Vis
Sons
5s
without
1955
124'/a
126'/4
107'/a
109
46%
73'/<
21 Vi
93
13%
25%
21
22'/a
89
76
13%
12%
25%
22 '/a
25%
22
25
14
39
72%
84 v
1081/4 108'/4
107
J-D
1947
105 % 110%
—
217
Telephone
1st
M
5s
5s
Public Service
Power
&
Light
1957
Central
El
100%
Power &
1977
M-N
M-N
.1964
Eiec
States
n
X:—
16
11
103
103:
series
ft L
P
1071/2
102%
85%
2
42%
164
44
262
J-J
1
100
1927
F-A
A-0
..
1955
A-0
__
1966
M-S
1952
:
5s
Jan
102
103
2
99%
J-D
96%
96 Vs
98
1958
A-O
95%
95%
96%
Debenture
5s__
1969
M-S
Lt
Connecticut
&
El
Gas
Pr
Lt
A
7s
&
Pr
96 '/a
South
97%
44
M-N
—
*119
121
—
1971
J-D
1st
ref
1969
J-D
109
1970
mtge 3s ser P
1st
ref
mtge 23As
Q
ser
J-J
Sheridan
Continental Gas & El
109%
112%
Southern
109
3
105%
101%
104 Va
121
1st mtge 3s
Indiana
104
117
F-A
J-D
96%
Electric
&
Power
& RR 5s
Water Lt
Elmira
Empire
Water
:— .1956
.1952
M-S
.1954
6s-5s
5Vis
Service
Residential
Finland
107
—
C
ser
Pub
General
•
•
-
104%
5s
Power
Nor
Mountain
235
87%
106
—
+.r-—
5s—,
Investors
3
104
98'A
103
101
98%-
111
44
64%
83%
24
65
83%
83%
58
65%
83%
81%
83
81
65%
83%
81%
81%
83%
36
65 Va
83%
83
15
64'%
83
27'%
28
13
24
32
23
32
9
18%
22%
12
13%
105% 106%
30
1051/2
Lt
&
Pwr
1st
6s
A
ser
J-J
gold
52
105
107%
1041/4
98%
6s
100%
Tide
2
99% 100%
.1945
J-D
.1958
J-J
611/2
23%
50
611/2
M-N
57
25
91
109%
J-D
108%
98%
105 ,7-
Texas
89%
Power
Water
ref 5s series
&
1st
5Vis——
f deb
v: 8
1956
C
Toledo
May 1957
Indiana' Hydro-Elec 5s
Indiana
Service
5s—
100%
Twin
44
61%
19%
25
{International
881/2
F-A
87
A-0
A6Vis
,v
A7s
A7s
111%
6s
99 %
99
Altallan
a
Light
Kansas
Electric
series
A—^
Louisiana
Lt
&
stamped
Men gel
Co
:
101
88 Vi
87
112
35
85
J-J
51%
18%
33
17
P & L 4Vis
1st
ref
&
84%
85%
34
52%
31
40
44%
74%
36
121
121
'
•
v*
112
$109
109%
J-D
vv_'_
J-D
•
J-D
1957
1945
series
New
New
Amsterdam
Elec
Gas
1091/8
99
Eng Gas & El Assn 5s
deb
New
Orleans
Public
108%
118%
108% 108%
4
102%
117
2
110
*80
82
85%
98
:
82
82%
3
95
95%
30
75
95%
95
95%
17
73%
95%
Friday's
Bonds
-63%
83 X
V
F-A
:
3
20
Valley 7s
Danish
V
.
A-0
A
102%
102%
49
105%
103%
".y„_
*55'%
k—
.
M-N
.1953
20'%
F-A
•
.62
20%
57
•7
101% 101%
*23
External
62%
109
ALlma
City
6M1S stamped
AMaranho
7s—.'.
7
Alssue
of
of
.1952
.1958
J-D
-
May 1927
M-N
109
A
113
Mortgage Bank of Denmark 5s
.1972
J-D
AParana
.1958
M-S
115%
115% 116%
A-O
102%
102% 102%
109% 109%
■
J-J
98
—2
107%
7
/
114
36 77
*112% 112%
12%
7
7
102
ARio
26
110%
67%
67%
68%
43
49%
A
71
67%
;
67%
69
18
50%
72
M-N
67%:
67%
68%
37
50
71
67%
2
67%
M-N
108% 108%
1
107%
109
63
76%
94
48
82%
96%
5
102%
1948
A-O
94
93%
94
J-D
96%'
95%
96%
1949
J-D
'
•
105%
105
105%
15
23%
44%
62
42
52%
Oct
1927
*26
18%
(State)
Janeiro
—
7s
Government
5'% s
6'%s
10
•
•
15 7:
y;|y; 1JI 7X11%
30
23%
20%
20
"2
23%
1931 7
■
*371/4
-y"
35
16'A
A-0
J-D
37%
'"•'vV;'•
7;-/:,
/
J,:.u
*18
7
'
—
37%
y,y:
22
24%
32
j'
'-••v-V,
50
36%
*32
35
J-J
*24
3-D
J-J
20%
50
22%
v
35%
17
30
5%
5%
—
"
45
7:7
27
1919
38
:18
4
—
M-8
.1921
32
5
50
1959
6V2S
; :-.y.
*
1
6
68
2%f
9%
5%
6'/4
67
2%
9%
114'%
M-S
...
7
102%
112%
de
A Russian
117i/a
97%
J-D
;:
14'%
*
7
Mortgage Bank of Chile 6s
20
18%
1947
107%
t
w
•
,7;3 :7
—
*10
y-.
M-N
1951
•
— —
M-S
110%
!;
High
7;
48
..
'
•7
*—
■>-
J-J
6i%s stamped..1958
AMedellin
7s
stamped
Mortgage Bank of Bogota 7s
Alssue
106 V4
(Peru)
106%
22
26
Low
..
62
7y
F-A
7
,
103%
5
January 1
No.
•
11
?,7.
*55'%
J-D
1955
5s
Range Since
Sold
High
•
j-j
.1948
5'/aS
••
18
106%
111% 111%
or
Sale Price Bid & Asked
112
IOO1/4
12
Last
Period
Low
110%
109%
•"
-•
58%
106
Friday
Interest
Danzig Port & Waterways—
99
100%
108% 1081/2
1954
Nov
110%
J-D
Exchange
July 30
110%
V
108
'
107% 108
106
Curb
Ended
ACauca
Service—
AIncome 6s series A
York
113
1961
■
24
1091/4
109
J-D
7
.......
67%
Debenture 5Vis
New
4%
108%
~2
117
BONDS
New
109%
86%
4
105% 105"%
105%
Registered
England Power 3'As
England Power Assn 5s
189
F-A
1947
108%
123
1950
5s
20 Va
A-O
Agricultural Mortgage Bank (Col)—
A 20-year
7s
..April 1946
A 20-year
Jan 1947
Bogota (see Mortgage Bank of)
1948
Conv
New
106%
1947
5s
53
108%
2
110%
110% IIIV4
*102
103
J-D
1948
107
F-A
1937
107%
*100% 101%
1956
5s
5s
96
J-D
..
112
7.. i
109%
2022
Nevada-California
18%
109%
;y 121
2
112
1981
A-
2030
..I960
1087
121
3
57
,
M-N
Nassau & Suffolk
58
J-J
6s
...
5s
66
106%
— -
*110
111%:
M-S
1955
4Vis
45
85%
107%
3
99
X
•
A-0
1978
Ltg 5s
■.
100%
105%
104
95%
54%
44%
46
12
109
—
M-S
1951
Power
Stamped
Week
107% 103%
FA
5ANational Public Service 5s ctfs—1978
5s
Traction
108%
16%
81
108'A 109
$121
122
J-J
1943
5s
117%
18
35%
104%
*66
108'A
M-S
1967
5s
4Vis—
116
99% 100
35
50
42%
J-J
Mississippi P & L 5s—
Mississippi River Pow 1st 5s
Nebraska
A
38
*105% 105%
J-D
J-J
Minnesota
Electric
Penn
unstamped extended to 1959
6s stamped extended to 1959.:
IA York Rys Co 5s stpd
108%
18
''
Gas Light
117
j: j.
99%
33%
M-N
Valley RR
19
104
35
M-N
AMidland
104
109
96%
*
6s
115 i
105%
38
Penn
West
17%
1948
1947
E„
M-N
106%
Western Newspaper Union—
29
1965
4s
Milwaukee
West
-
90%
90%
35
1971
Edison
103
80%
6
31
1945
series
116
A-O
19
35%
G
4s
7-
F-A
2022
'
A
80
26
7
16%
Middle States Petrol 6Vis
Metropolitan
94%
112%
97
115
income
A 5s
Extended
—
109%
85
Waldorf-Astoria Hotel—
f
4 Vis
conv
1097/s
101
111%
110
19
A-0
1957
5s
Radiator & Mfg—
McCord
■>-. 6s
Pow
3Vis
/
115%
107%
108%
110
16%
1970
Superior Dist Pow
116
1952
1944
.
series
108
*110
7
1960
Utilities 4s
Kentucky
Lake
-
108%
96%
88
1031/8 104
M-S
18
M-S
,
6s
108
103%
J-D
11
M-S
1969
A-O
F-A
J-D
35%
J-J
2022
1959
1964
33%
1965
Light 3 Vis
25
r
■;
1951
35%
1942
Kansas Power &
■
107%
*112% 113%
1954
35%
J-J
Kansas Gas & Electric 6s
Co—
debs
33%
—1966
4s
Ry & Elec 4s
31
J-D
3 Vis
J
Water Power 3%s
34
1963
Power
N
&
Wash
30%
6s
(stamped)
J-D
94%
102%
351/2
1958
Jersey Cent Pow & Lt 3 Vis
32
111
109%
93
94%
35Vi
4 Vis
Superpower
Jacksonville Gas
1949
34
22
*109
94
1
33%
—1952
6s
&
Power
J-D
Wash
>
}-J
1957
5s
Power
Debenture
J-J
1952
106%
*"35
33
(July 1941 coupon)——1952
Interstate
Iowa
12 y8
'.4
111%
107
F-A
1952
7
116%
99% 101
92%
87
35'/2
1957
coupon)
F
1968
Utah Power & Light Co-1st lien & gen 4%s
104% 108'/a
102
108% 108%
J-D
1957
1941
(Aug
series
A7s
r
E
*114
F-A
Rys1 (Delaware) 5%s_1952
United Light & Railways (Maine) —
93
tll2'/8 116
1955
1 1941 coup)
(Dec
series
A7s
107% 108
J-J
32
86%
"
M -N
1955
M-N
1979
Power
1st lien & cons 5 %s
Sec—
1
105%
102'A 102%,
105
*103
1952
C
J-J
105% 106%
106%
J-J
3Vis—,—.—1970
Power
series
A6Vis
v
1
"
Indianapolis P & L
.7
•»-<>
United Lt &
91
107%
105
•
1963
AIndianapolis Gas 5s A—_
32
1956
5s
3%s
Electrio
17
96%
,
City Rapid Transit 5%s
Light
110%
108
111
2
1071/4 1081/8
M-N
—1950
27%
106% 106%
M-S
.——1958
& ref 5s
1st lien
82
J-J
..
Light 5s
Edison
United
15
72
106%
'
A-O
—2022
United
tl07'/2 108
J-D
■
F-A
:■
5s—...—1960
Service
&
91%
*98'/2 100
108'/a
deposit
Power
102%
.,*110
lll'/z
*98% 99Vi
A-O
F-A
—1946
A
series
78
k
J-D
82%
6s—_—1957
.1950
stamped
of
J-D
1957
&
82
1966
1
A-O
F-A
•
X
A-0
105
1948
debentures
2
10,
52%
v
101%
"
75
*107% 108%
1-951
Dec
Electric
Texas
90%
97
4
102 Vi 1021/2
91
91 Vi
70%
106 Va
'93 %
*109
May
(Hugo) Industries—
7-4s 2nd stamped
;«
£«.;—.1946 7"
13
88
67
Stinnes
7,91%
41
May 1948
Power
3d
7-4s
70
Electric—
Light
AStarrett Corp Inc 5s
Stinnes (Hugo) Corp—
84
F-A
1954
&
6s
101'/a
" 101'/4
88
A-O
1st & ref 5Vis series B
105'%
83'%
8s
6s
97% 100 %
101
97%
J-D
1967
—1953
:
103
83%
106'A
51
98%
101
s
A-O
33As
Power
109%
*104% 106
81%
L
stamped
Debenture
Idaho
106%
82
Gas
6s
Btandard
106%
10..
.1963
1960
105%
2
82
&
Certificates
J-J
Jan 1949
106%
102%
82
Rys 4s
(stamped)
6s
100%
124
81>
Jan 1949
series B
105
103%
A-O
P
Debenture
90
123%
——
106
.1948
33A—»-r—
Hygrade Food 6s ser A
6s
79
"
Lt & Pwr 3 Vis
Houston
216
.1950
stpd—T
Pow
Grocery Store Products
Guantanamo & West 6s
5 AGuardian
88%
104% 105%
.1950
Trunk West 4s
Great
Green
103%
7
105% 105%
108% 108%
(Calif)—
(A G) deb 5s
Standard
7 103%
104% 105
M-S
Grand
J-J
104%
77
101
104%
.1941
A-0
1051/4
27
105% 106
105%
97%
100%
100 1/2
62
7
*52
A-0
4 Vis ser A
1970
11
2
Conv
99% 100%
-.
J-D
(Adolf)
Gas
Gas
131
85 %
28
6s
*123% 124%
M-S
SAGobel
3'As
25
105
105%
11041/a 104%
*104% 104%
M-S
95%
J-J
1965
131
95
J-J
1957
91
*66
A-O
1947
*128
95
A-0
3s
5s
79
108% li4
75
87%
12
.1965
1967
10
44
105
97%
86%
100
j.j
4s
A-0
901/2
110% 112
74
79
105% 105%
5s—
Serv
Coal
Alden
Glen
j-d
1951
90
110%
104
82%
105%
Georgia Power & Light 5s—_— .1978
M-S
90%
74%
1
J-D
.1954
A-O
J-D
M-S
82
M-S
.1969
155
M-N
85%
.1961
.1953
33As
Power
Gatineau
88
F-A
A
Florida Pow & Lt 5s
138% -156
X 87*7/ 106% 116
1989
97%
.1966
stamped
103% 106%
9
1091/4110
2022
Spalding
Mtge Bank—
Florida Power Co 4s
•
91%
F-A
Debenture
M-N
5s
77
F-A
y 1031% 103%
M-S
El
District
Federal
.2030
112
.7
—
1970
96 %
103%
M-S
Light 5s
92%
112
1951
85%
M-S
.1956
*91%
101
110%
111
Southwestern Gas & Elec 3%s
123%
6
Eastern Gas & Fuel 4s ser A
7
113%
Southwestern
2
1944
97%
1111/2 112
*112
109
6
109
r
—
104
—1955
108
4
1971
10
123% 123%
—1958
105
155
1951
Edison
California
107
.
115%
y.6
106% 106%
1952
6s
Power
Counties
123%
5s
110%
111
J-D
1970
California
Southern
A-O
33As
107%
19
J-D
1979
.
Wyoming Coal 6s
Carolina
Southern
M-N
5s
Packing
109'/4
M-N
D
98%
-
Cudahy
series
120%
stamped._1953
5s
4Vis
86
1954
Textile
Tobacco
1st
(Bait City)—
mtge 4'As
Estate
119
112% 112%
7
a07%
108
4
*100% 101%
112
M-S
.
38%
107
105
114% 115
A-O
1952
104% 105
S.mm
30%
1949
A
Real
Southern
7
127
98
7 102%
105% 106
M-N /
Jersey—
certificates.
Shawinigan Water & Pwr 4Vis
(Bait)—
series N__
Consolidated
ASchulte
85
96%
97%
97
105
16
38
New
Scullln Steel inc mtge 3s..
•
84%
96%
96%
of
Joaquin Lt & Pwr 6s B
98%
98
'
Consolidated Gas
103'/a
101 7
San
96%
97%
__
series
84%
M-N
J
5 Vis
83%
J-D
1952
114%
M-S
1959
Safe Harbor Water 4%s
104%
89
101%
1964
perpetual
55
1951
5'/aS
Service
122
1949
L
&
P
100%
1
102%
79
Queens Borough Gas & Electric—
59%
103
99%
1950
Service
F-A
-46
100%
45%
$104% 107%
5s
5 Vis
'
143
111%
109
100%
108% 1081/2
*109% 111 ,7
J-J
4%? B
mtge 3Vis
6%
46 •>
■
(Can)
109»/4
106% 107
108%
1956
Sinking fund deb 4s
107%
13
59%
1st
107%
13
381/4
d54%
Corp
110
107
106%
*107'% 108%
1950
F
106
1071/a
103
*36%
106%
1961
E
5s
109%
IO51/2
Co—
extended
85
106%
13
104% 105
J-J
6s„__1962
115'/a
105%
110
Public Service Co of Colorado—
99%
1071/4
38%
100% 100%
Power
105
105 %
— —
107% 1071/4
55%
& Coke
Edison
series
Public
38%
5s
Cuban
104%
38%
deb
Conv
Gen
101%
M-S
Debenture
3'As
106%
1953
5'/as
B
Service
Consol
103%
.
5
.V
98%
*107
F-A
Gas
stamped
4Vis
104%
36
.
98
98%
5s
Potomac
102%
J-J
—1948
Rys 5s ctfs
St Ry 5Vis A
Cincinnati
Cities
y
1
103% 104
103%
J-D
1969
5s
120
104% 104%
M-S
3%s
116%
117%
I-
5%s....l972
Philadelphia Rapid Transit
105
J-D
1970
Elec- Power
5
107%
*101
F-A
"
54%
107% 107%
107%
J-J
3'As
115%
110% 111
F-A
5s___
107%
30
*105% 107%
A-O
.-1948
1955
Portland
114%
1
F-A
Aug 1955
•mm.
104% 104%
M-N
Light 3%s
States
§ AChicago
127%
10
rl23
1954
Central
6s
108%
,7
•
J-D
1954
....
Gas
&
-
116% 116%
M-S
5s_l—-1953
5s
Power
116%
A-0
1970
A5Vis
Cities
18
*150
1968
2%s
Northern'
SACentral
rl23
Q-F
1962
Broad River Power
111
M-N
6 Vis
Edison
Central
J-D
1960
6s
Birmingham Electric 4 Vis
Canada
rl05%rl05%
1998
B
C
Steel
Bickford's Inc
Boston
rl05%
*106
High
112
25
81%
109
A-O
1962
4s.
M-N
A-0
1971
Low
111
* 105
—
106% 106%
1968
*
January *
No.
111%
79
106%
1st ,5s
1979
Pennsylvania Water & Power 3%s_1964
of Canada—
series
series
Bethlehem
M-S
F-A
1945
mtge 3'As
Range Since
Sold
High
115V2 115%
80
1964
.
-
J-J
1969
Bonds
*107% 109
J-J
1948
5%s
3s
Philadelphia
1950
Friday's
*111
—
Penn Central Lt & Pwr 4%s
/
6s
J-J
1954
1st
mtge
Pacific
1091/4
99%
2004
r
Baldwin Locomotive Works—
Bell
or
Sale Price Bid & Asked
M-N
Park Lexington 1st mtge 3s
108%
106%
2
1964
5s
Utility
Power
1st
Ohio
25%
831/4
*107% 109%
Gas 3%s
Oklahoma Nat Gas 3%s B
Oklahoma Power & Water 5s
25 Vi
20%
M-S
&
Ogden Gas 1st 5s
:
P.)—
warrants
Convertible
Week's Range
Last
Period
Westchester Ltg 4s
Cont'l
Ohio
74%
81 '/4
J-J
1964
4V'aS
(B.
Interest
1st 3%s series A
99
14%
&
Debenture
i 106% 109
'
Avery &
Friday
Exchange
July 30
Northern Ind Public Service—
20%
•3
'
;
Light
Y
Nor
95
29
73%
N
106
88 Vi
20%
20%
21
A-0
Assoc T & T deb 5Vis A
Atlantic
110%
96
3
N Y State Elec
108%
*72 Vi
J-J
/
__.__1968
Gas
Curb
Low
104%
107 Vi
58
95
107% 107%
72 '/4
F-A
1949
AConv. deb
AConv
103%
*124% 125
1071/4
M-S
1948
Atlanta
York
Week Ended
Co—
4'/aS
AConv
New
High
105
108'/a 108%
j. J
&
Low
109%
94Vi
A-0
1953
Gas
y
No.
105 Vi 106
J-J
2024
5s
AConv
/
J-D
4%s
Elec
106
M-S
J-J
1970
3V*s~
Pow
$108
J-J
1961
6s
Appalachian Pow deb 6s
Arkansas
Associated
J-3
,,
2016
6s
Paper
High
J104 Vi 104%
108% 108%
j- J
1970
deb
Lt
Range Since
January 1
Sold
Co.—
23/48
Amer
BONDS
Bonds
Bid & Asked
•No par
67%
106
value,
a
Deferred delivery sale,
d Ex-Interest,
e
Odd-lot sale,
n
Under-the-rule
rCash
r
-
sale,
x Ex-dividend,
y $8 liquidating dividend paid. - '
/v./
*Friday's bid and asked prices; no sales being transacted during current week.
ABonds being traded flat.
v 77
{Reported in receivership.
...
.
-
.
•
saleu
t
;
;
:■*'
.
Abbreviations used above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates;
"w i," when Issued; "w w," with warrants; "x w," without warrants.
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, August 2, 1943
OTHER STOCK EXCHANGES
Baltimore Stock
Exchange
July 24 to July 30 both Inclusive, compiled from
Week's
Friday
Last
STOCKS
'
*
,
Baltimore Transit Co
preferred
Consol.
9%
100
Light St
Elec
Gas
1.50
1.75
vtci—*
common
t c
v
66
Power com_'
Casualty.
North
Water
Penna
Co
&
1.00 Mar
1,336
2.95
Jun
Adams
Jan
12%
Jan
Advanced
9
320
66% July
57% Jan
30
144
30
125
50
50
July
Jun
60
50
50
20
27
81V4
63
77
Jan
570
American
Armour
July
Aro
Apr
II v
28% July
Jan
27%
28
136
22
60c
60c
100
35c
.
60c
Mar
July
200
38
51'A
75
6
37
67
916
4%
Jan
67
lei
&
Jan
Jun
Tel
Co
39% July
29% Jan
series
58%
1975
5s series A
B
60
102% 102%
—1975
...
52%
Mar
55
28,300
3,000
Jun
56
49
$35,500
Mar
64%
Jun
Feb
102%
Jun
100%
Barlow &
13
450
11
Jan
13 % Mar
16
16%
250
12%
Jan
,v
V
•
1
American
Tel
Tel
&
—
,100
Woolen
6%
6%
—
Anaconda Copper
26%
—
Bird
&
Inc
Son
Boston &
Edison
Boston
12%
...
Albany RR
—
—
100
98%
Range Since January 1
Shares
High
LOW
30
17%
Jan
32%
Jun
1,790
127%
Jan
158 3/8
Binks
stamped
A
coihmon
_:_5:
Jah
14% July
450
16
Jan
22% July
133%
Jan
16 3/4
5 3%
Jan
9% Apr
393/4 Mar
•
common
Brewing
Corp—
&
Corp
Sons
common
325
13%
Jan
685
26 %
Jan
19% July
383/4 July
13
Jan
19
May
Jan
4
July
5
capital
33%
35%
*
;
18
18
_*
1514
16
16
_io
—
conv
20
20
'11%
Feb
3 (4
Jan
5%
Jan
10% July
30
preferred
27%
28%
300
20%
Jan
29
Central
7
28%
105
43/a
243/4
Jan
31%
Apr
(A M)
13
Jan
9
415
441
81%
13
Jan
102
July
July
Pub
Central Illinois
Convertible
Securities
«'■
Prior
lien
Corp
Service Co.
53A
Apr
Commonwealth
Apr
Consolidated
1%
5% July
Consumers
6
148
1%
Jan
100
1%
Jan
8% May
8% Jun
v' V
6
5%
35
2 3/a
Jan'
8%
Continental
15%
16%
478
11%
Jan
33%
33%
185
23
Feb
5%
5%
Jun
t
A
"5%
—1
16 % July
■
35
4%
7%
—_5
7%
—
Mining Co.—
57
6%
Jan
9%
Apr
15 3/s
133
33/4
Jan
17%
60c
100
Jan
61
92%
Jan
111
3%
Apr
5%
36,650
2
Jan
Range
*
Co
•
6%
:
600
38%
Jan
6
July
46% July
150
65 %
Jan
82
14%
14%
500
11%
Jan
153/4
5
76%
83 %
712
67%
Jan
85
July
13%
15%
1,400
334
Jan
18
May
2%
100
1%
Feb
I
*
i
41
41
25
common
common
2%
*
26
26 34
4%
,.1
4%4
Boston
4% %
6%
6%
6%
60c
43/a
20
75c
Mar
Mar
7% May
Jan
50
140
15
6%
1st
6%
.
Street Ry
Mass
preferred series
Dreferred
.100
A
16%
480
10%
Jan
16%
22%
350
16%
Jan
23% July
27
190
19%
Jan
19%
Deere
Jan
30
10%
Jan
20%
Jun
70
83
Jan
96%
Apr
Stores
2%
21
21
50
17
Feb
23% July
common—.
2%
1% Mar
3% July
& Cohn common
10
Drug
(Alf)
Co
&
2%
6
2%
20
6
450
2%
37%
Jan
42
Jan
59
Apf
Electric
35%
36%
62
19%
Jah
373A
Jun
Elgin National Watch Co.
Eversharp Inc common
8%
93,4
870
2%
Jan
Eastern
39%
315
26%
Jan
42% July
12
150
10
Jan
15% July
SS
Lines
■
112
115
common-
9%
is
....
49%
19%
380
:■
Jan
117
July
Fairbanks
25
135
173/4
9%
14
_
c>
Jan
50
July
Four-Wheel
6
Jan
20
July
Fox
11
460
14
25
83/4 May
12
Jun
11% July
34%
33%
34%
475
27%
7%
237
23/4
14
Jan
6 S/8
33%
1
Jan
July
•
National Stores..
First
Gillette Safety
__
•
Razor Co_
39%
39%
27
27%
_5
7
Corp
Mfg
Brewing
Common
—
—.
General
Foods
Motors
Corp
313/s
J&n
39 3/a
Jun
Jan
39%
Jun
j;
43/4
Jan
International
Isle
Royale
Button Hole Machine- .10
Copper.
9%
15
9%
15c
37
Jan
9%
50
5
Class
Jan
1%
600
75c
33%
790
28 3/s
4%
_
43A
78
16%
16%
70
1%
1% July
72
A
■
*
—
...
31
July
9% July
1% July
Mar
353/4
Jan
(Del) common
Theatres
Corp
25
Gossard
Great
5%
preferred
.100
—
t
1
c_.
4%
27%
90c
90c
48
*
48
1
48 3A
456
23/8
70
12%
Jan
12c
Jan
35%
Jan
373
230
Narragansett Racing Assn Inc.-
5%
■
(H W)
Lakes
Dr
5%
53A
170
3%
.100
Tel <& Tel.—
York, New Haven & Hart RR .100
12%
528
6%
101%
100% 103
622
.100
1
1
53C
300
86
185
53c
'ZZi—i-"'
50
Dk
A
Horders
Jun
Apr
Apr
July
108% May
2 3/8 Mar
Jan
Jan
—
97%
97%
30
78
23%
24%
40
19
Jan
27%
273/tt
29%
879
23 ya
85C
Jan
•:/ 23 %
6%
Jun
45%
115
37%
Jan
51%
Jun
8%
200
6%
Jan
8% July
4%
850
2
Jan
5
44
Jan
14% July
Mar
4134
244
34%
1,700
44%
Jan
3%
35
Jan
54%
Feb
Motor
Werner
Inc.,
Parts
6
360
35%
class
8
Jan
Jun
35% July
8%
350
6%
"100
661
25
13%
50
10
19%
19%
250
16%
16%
500
9%
700
4%
Jan
8%
8%
100
7'A
Jan
12%
12%
30
10
Jan
13%
15%
16%
635
10
Jan
19%
19%
50
15%
Jan
%
1%
410
11
Jan
17
July
20% May
25/8 May
3%
33/4
800
1%
13%
J'
~~10
-V
..
9%
,
9
—3
...
*
%
*
B—
4%
Jan
4%
Jan
6% May
Jan
Jan
413/4 July
133/4 July
17%
Jan
21
Apr
12%
Jan
18
July
:
,
Hupp Motor Car common.
Jun
July
56% July
35% July
25
July
41'A
6
36%
_
—
_
common...
Houdaille-Hershey
8
6
38
*
com..
Heileman
53A July
14% Jun
Jan
24c
Jan
6%
15
—
_
■
1
9% May
9%
9
Jun
May
Jun
Mar
1%
Jan
2.50
(N H)
33
Jan
11%
3%
—
*
common
&
m
*
common.
Printing Co common.
Brewing capital
Apr
41%'Mar
550
35%
•
.
Brick
Illinois
Co
„10
capital
Illinois Central RR
common.
_
_
3%
.100
123A
Steel
Products
common-
Apr
100
July
Interstate
v
Harvester
Iron
Fireman
common
$6 preferred
Power
$7 preferred
Mfg
Co
"
1
•
Jan
19
July
7
176
63
Jan
78 3/a
July
July
253
57
Jan
743/e
*
Jun
Jan
*
19
3%
50
1
3%
...
—i—
v t c
Jan
4%
400
3%
■
_
11%
18%
6-A
78%
68%' 71 y4
300
6 3/4
'
'
*
•
International
163A May
233/4 May
I75/8
20
I73A
—
4% July
Jan
Jan,
7%
808
500
123A
"
Indiana Power & Light commonIndiana
Jan
19
143/4
21%
,74%
*
Inland Steel Co capital
New England
North Butte Mining
6%
Jan
1134
;
350
5%
Indep Pneumatic Tool v t C—
Nash-Kelvinator
Northern RR
4%
27%
43/a
.100
_
v
Mergenthaler Linotype
New
16%
Jan
Co
Jun
6
Feb
14%
Feb
Jun
1.550
51%
*
common
Hubbel Harvey common
Maine Central RR common—^
Massachusetts Util Associates
16%
3
Inc
Bros
Goodyear Tire & Rubber
Hein
Lamson
Loew's Boston
17%.May
39%
,10
.J.-.-....——*
Goldblatt
Hall
Kennecott Copper
Feb
914 May
Feb
25
30%
14%
'4
General Outdoor Adv common
30%
300
Jan
23
8%
1
....
common
39
75c
33%
8% July
44%
common.....—
340
69
185
Jan
5%
—
1,096
75c
a
37%
3%
33%
1
8 3/a
69
...
preferred-
conv
6%
12%
Gillette Safety Razor common
$7
July
250
36%
Co common
38%
69
*
Hathaway Bakeries class B
July
28 %
Jan
14%
_10
38%
8
42 %
21
250
common..—5
37%
8
31%. Jan
30
i_*
common
Drive Auto__-_
July
10
2,050
14
1
6
20
8
29%
15
36%
37%
it
....
_'.l
„*
Util
General Amer Transport comnfon—J.5
General Finance preferred
—50
Apr
73/4 May
Morse
(Peter)
Gfeneral
_
General Electric
Inc..—J.
Household
98
43
47%
»
Economy Grocery Stores
Employers Group Association..
Engineers Public Service
Airlines
Jan
93/4 July
Fuller
Eastern
common™
90c
19
14%
12
*
common
178
1% Mar
Apr
610
210
-yJwL-
.100
July
5% May
95
1%
.100
B
5% preferred adjustment
27
Jan
18%
55%
9%
Jan
2 %
20%
99c
common— .100
21%
300
18%
45
fk-
July
4,300
94%
Eddy Paper Corp..
_.
41
100
common......——.30
99c
.100
preferred.
2% July
36% Mar
21
commottA———A—25
Lighting Inc
Decker
Jun
Apr
25%
common
55%
Fuel Associates—
&
prior
preferred
Eastern
10
Company.
Eastern Gas
;
*
cumulative preferred
Curtis
July
July
May
27% July
22% July
Dodge Mfg Corp
East
9 %
80%
'
Copper
26
10
50
Jun
60c
w
7%
143/s
•
1,050
7%
45
common
-
Steel
Cunningham
Service
10% July
1% May
A Jan
44%
common
Edison
Biscuit
Co—
15 Mar
Jan
6
80 %
45
»
J
Stove
Packing
Cudahy
May
61
Apr
—1C
:
Corp of Amer common..—20
Crane Co
!
CalUmet & Hecla
7%
19%
A Jan
200
108% 1083/4
*
pfd part shrs
c
Container
250
2,700
10
56%
108%
—
pfd
common
Lamp &
32%
6
i7e
1%
i7«
1
60
common
Jan
5
Mar
10
I
Convertible preferred
Jan
2%
July
83
1
Jan
110
1,271
20
Jan
1
Power & Light
8%
43/a
29
5 %
Feb
69 V4
10
preferred.—'
6
4%
25%
Jan
15%
30
com___.50c
Util
Chicago Corp common
Cities
15%
200
80%
_*
West
Jun
4,390
100
20
1
common
preferred
& South
17
18%
pfd
19%
—
Jun
July
15%
$6
Jan
*
May
4%
80
10
common..,—
Serv
Preferred A—,
8% May
Jan
912
Co
Illinois
14
100
80,
150
250
i
RR-.
21
"
1,950
18%
_100
15% July
16 3/4 Mar
43/8
18%
class C 1st pfd stamped..,
Jun
Jan
10%
Chrysler
—
12
12%
50
93/4
July
5
100
Apr
4%
May
—
1%
8% July
5%
10
;
34 5/a
1st preferred stamped .100
Jan
"
15%
1.5
common
Jan
4
800
3%
68 %
;:
4%
50
4
%
Jan
7%
Cliff
100
Jan
preferred
Cities
800
4%
62%
class B
Providence
8 3/s
19%
Wire—
Brothers
July
4%
Piston Ring common—..——...l.
cumul
8
Jan
18 %4
24
class A 1st preferred stamped -100
Boston Personal Prop Trust
?
34
1
560
8%
&
987
68
5%
Boston
300
37 s/8
9%
5
common..
(E 8)
8%
34%
_i
Manufacturing Co capital..
Warner
1 7%
5
.
34%
4%
200
250
67
25%
14
Jun
16%
,
33
6%
stamped—
•14--
July
23/8
6% May
22%
common.
67%
.100
7
% Jan
3 % Jan
33%
.100
-
—
l3/4 Mar
38% July
Jan
21%
Coleman
prior preferred—
23/4
^•250
Club Aluminum Utensil
7%
100
21% July
Jan
Mar
5,750
25
100
63/4
3/4
32
1%
Campbell Wyant & Cannon
Foundry capital
July
Boston St Maine RR—
Common
6%
Chicago Flexible Shaft common——5
Chicago Yellow Cab capital
—
100
200
Jan
5%
Aviation
Butler
High
98% 1013/4
*
l3/8
38%
—4
.100
—
_
Boston Elevated Ry
Boston Herald Traveler Corp
1%
10
1%
Central States
3
158% July
6 % July
100
16%
Central
American
20%
21%
Berghoff
5%
111% July
16%
Bendix
Burd
Jan
Jan
Sales
28%
28%
1543/8 158
155%
12,150
38%
common—
25 %
90 %
*
Bunte Bros
for Week
of Prices
Low
.100
Sugar Refining
American
6%
Apr
128% Jail
3
' Jan
20
1,944
6V4
18% July
42 34 July
355
U1V
Jan
Manufacturing Co commonlllO
Castle is
'7;Z:. 1' -CJ?. Par
'
39%
2%
4%
Bastian-Blessing Co
July 24 to July 30 both inclusive, compiled from official sales lists
iV.
5%
19%
6
600
154% 158 %
1
;
'2,050
.'—.3
Bliss & Laughlin Inc
Boston Stock Exchange
Range
1111
5
;
common..
Seelig Mfg
July
12%
—
Week's
28 % July
»
Common
Class A preferred!
Bruce (E L) common
Last
Jan
.
(Delaware)-...-.-—3
Brown Fence &
Friday
57 %
37%
Truss Wheel/capital
Automatic Washer -common
Borg
Sale Price
Jan
*
1UO
Athey
Brach
STOCKS—
41%
4%
Belmont Radio Corp
Bonds-
51
62% Mar
145
28%
.
capital
Asbestos Mfg Co common
Associates Investment Co
Belden
1970
Jan
55%
4%
—
common
Equipment Co
51%
22%
preferred__100
Co
High
168
„5
I
common
Service
at
L610 (
62%
July
6
commons
Castings
Range Since January 1
High
51%
...25
Mfg;Co__
Public
Aviation Corp
67
Co
Bearing;
Chalmers
May
.V
common
Gas
Low
Shares
61%
Laboratories common
Allls
84
Mar
80%
50
Baltimore Transit Co 4s.
5s
&
for Week
of Prices
comihdn-.i...
Aluminum
Ball
50
27
22% Jan
26%
Co
Oil
Aetna
July
145
Mar
50
...10
com——
Fidelity & Guar.;
Laboratories
Acme Steel
26
*
com
Par
Abbott
American
2
25c
..
Power
Comm'l
Seaboard
U S
Oil
Amer
Mar
19
Jan
50
pfd vtc—25
Moore
(Tom)
Distillery.—
25
Mt Vernon-Woodbury Mills pfd
100
Amsterdam
66 %
High
Lota
16
330
Sale Price
Sales
Range
Last
142
HOUStOft Oil of Texas 6%
New
2.00
10%
Week's
Friday
STOCKS-
Range Since January 1
Shares
Allied
—-20
preferred—100
Fidelity & Deposit Co.
Realty Co 6%
Guilford
18%
18
18 %
Sales
for Week
High
Lots
Par
Arundel Corporation
1st
Range
of Prices
Sale Price
Chicago Stock Exchange
July 24 to July 30 both inclusive, compiled from official sales lists
official sales Usts
3%
20
1% Mar
50
17%
Apr
4% Apr
33/8 Apr
20
July
335
9%
11%
50
8%
Jari
Jan
12%
4%
450
3%
Jan
5
73/4
600
5%
Jan
8%
Jun
434
Jan
14%
Jun
19
19
1
14%
15'/a
1
1'
11%
•4%
,'7%
•
*
Pacific Mills
———
Pennsylvania
RR
Quincy Mining Co
Rutland RR 7% preferred.
Shawmut
Assn.
Union
—25
..
common
Drug
United
Fruit
9%
a
(The)
Inc
65
50
66c
32%
<
Jan
63c
28% May
July
Apr
13/4 Mar
1
Jun
34%
12s/8
133/4
965
9%
Jan
14
8%
9%
375
5%
Jan
10% May
3
1% Feb
3% July
33%
35%
50
410
29%
Jan
1
36
July
y
July
30
32
215
29%
Apr
37
13
•
13
13
15
7%
Jan
68%
14% July
76% July
72%
578
60%
Apr
(W B)
Joy Manufacturing Co
Kata Drug Co common
Utah
Metal
&
Corp
25
71
70%
71%
——
45
45
—
Tunnel.
.
—
—■
41%
45%
28c
34c
Switchboard
Kellogg
Ken-Rad
Feb
common.
v
common
Tube & Lamp
common
11%
A___*
334
33/4
109
7%
7%
6,250
16%
1%
16
;<1%
—_•
«...
4%
Lindsay Light & Chemical——™_—_*
-»Preferred
Lion
Oil
Carbonic
*
Jan
72 3/4 May
tynch Corp
10
42%
Jan
47
July
Marshall
Field
200
25%
Jan
46
July
Masonite
Corp
common.'.—a—*
23c
Jan
48C
McCord Radiator &
Jun
101% July
Feb
l3/4 July
2% Mar
3%
Jun
5
Jan
8%
Jun
150
9%
Jan
1,150
%
Jan
2%
Jan
50
4%
11% May
18% July
-
2
July
434 May
ll3/4 July
113/4
10
"59
12%
Jon
21
203/a
.
common——...
21
72
15 %
Jan
21%
Jun
Jun
•
Mfg class A—.—*
July
26 %
>5
common
July
May
21%
113/4
capital—....—
common,——
16
21 •:
—w——*
—
Refining
Feb
%
250
1%
1%
*
common——^——-
63 y8
Apr
96
10
University com——5
Co
&
226
2,965
ISO'
12
1003/4 100 3/4
preferred—.100
Llbby McNeill & Llbby common..
__7
Lincoln Printing $3.50 preferred—♦
La Salle Extension
Leach
Liquid
United Shoe Machinery
6 %
cum
preferred
U S Rubber
capital
Co
Common
69%
...
CO
Jarvis
Kentucky Utilities 6%
3
13%
•
Inc
1
1
Drill
Twist
United
1
100
.......
Stone & Webster
Co
..
•
Suburban Electric Secur
Torrington
■
;26 %
100
19
Jan
273/4
15%
16 34
910
10
Jan
16% July
425/s July
27% May
40 34
40 34
26
26
-
100
.32% Jan
13
80
Jan
Merch & Manufacturers Sec—
Waldorf
System Inc
Westinghouse Electric & Mfg
•
50
10%
—
11%
135
73/8
Jan
11% May
Class
95 3/a
185
80%
Jan
9 9 s/8
$2 "cum part pfd
July
BONDS—
For
footnotes
see
page
479.
104% 104%
7,000
103% Jan
105
May
common.
u
_.
1
—u—*
Mickelberry's Food Prod common
West Corp capital—
Midland United conv pid^.—i-
Middle
Eastern Massachusettss RR 4%s A.1948
A
103/4
90%
1.
5
2,459
90
■
1%
19
Jah
Jan
6% May
28
Jun
500
3%
Feb
43/4 July
6,360
4%
Jan
9%
Apr
1,350
87/a
Jan
13%
Jun
Volume
THE COMMERCIAL
Number 4199
158
1#
Week's
for Week
Last
STOCKS—
of Prices
Sale Price
Par
Midland
6%
Low
High
lien
prior lien
Miller & Hart—
stock v t e
$1 prior preferred—™;
Springfilled
Cylmaer
National
Pressure
Noblitt-Sparks
8%
450
2%
11%
-10
11
1
6
l'/a Feb
10% Junv
American
2
Jan
10%
City
4,400
1
Jan
850
8%
Jan
3% July
12
July
500
4
Feb
6
150
Cooker
22
Jan
29
July
300
33%
Jan
Jun
Inc
29
45
47%
'
*
26%
27
70
25
Mar
14%
15
250
10
Jan
15%
1
13
14'A
405
9%
Jan
50
4%
Jan
34 -7
—20
■
35'A
17
5
cap
Illinois
18%
1,150
9%
.100
.9%:
*:
300
23%
9
.
Jan
18%
110
12
.Jan
191/4 July
195
14%
Apr
Northwest Bancorp common-—*
North West Util. 7% pfd—
—100
Prior lien preferred
———100
14%
15%
650
10%
Jan
23% July
15% July
21
92%,
92%
Nunn-Bush Shoe common—2 %
13
13
*
common—
.
21
.
C 10
•
.9
Jan
221% July
40
1
56
Jan
92% July
13
July
10
8%
Jan
"
1.
7
Corp common———6
Co
%
;7%
23
23
.3%'
common—10
Peabody coal common JB—o
6% preferred
:_1QQ
Pennsylvania RR capit^l^--w~----oo
Peoples Gas Lt & Coke capital—
100
Poor & Co class B—
27 %
Pressed Steel Car jCOinmori^-rT.-*i--^il:
10%'
Quaker
'«
Co
Oats
Preferred
82
82
.
50
29%
57
10%
} 10%
2%
11%
260
88%
70
210
.
883
461/4 i J an
10%
120
*
.
Jun
33
May
61% July
12% Jun
Jan
Jan
13%
Jan
70
50."
Jun
861/2
23% Jan
61 Va
6%
May
5
Feb
41/4
8% May
24
Feb
1,350
153%. 154
10,0
4% Jan
i 14% jan
•
60 *
,
87%.
—
r
250
27%
common———
•"
25
;
92
Jun
Mar
147%
Feb
15$
Mar
34%
Apr
40
Jan
2%
Jan
14 V2 July
"
Rath
Packing common——————10
Mig Co common..—--—50c
v/6%' preferred—
Manufacturing
Co
Cummins
50
.
11%
100:
2%
640
17
17%
200
21%
21%
200
2%.
common-10
Sangamo Electric Co common—;.—*
Schwitzer
37
37 ;
11%
Raytheon
Reliance
1
12%
13%'-
*
791/8
85%
capital—:
Sears Roebuck & Co capital.
Serrick Corp class B r common-—
3%
—1
1%
19
7%
923
59%
250
Signode Steel Strap common-———— *
: 15%
Sinclair Oil Corp—
Bend Lathe
South
Colorado
13
21%
5
22
*
Spiegel Inc.
St Louis
9%
July
1
Apr
Jan
1%
210*
5%
6%
650
20
42
2%
300
Jun
3
50%
2%
Preferred
———————-20
—
Gas
standard
Oil
&
Electric
common
Indiana
of
capital
Sterling Brewers Inc
International
1%
25
1
35%
5
common—
Stewart Warner Corp common
Sundstrand Machine Tool common
Swift &
Co capital
17
16%
*
11%
38%
3
17
28 %
Jan
1%
Jan
770
7
Jan
5
14%
14%
1,100
14%
26%
27%
477
22%
4% July
141%
Jan
25
38% July
Jan
capital——15
Jun
18% Mar
27V4 July
Corp
Thompson
32
33%
295
29
Jan
35%
25
50%
52%
453
42
Jan
2
capital
(J
Tranc Co
R)
(The)
;;
131/4
15
210
53 % July
15
July
Apr
common—
common
8%
Feb
25
12%
13%
Jan
Transcontinental & West Air Lines—5
13% July
21%
22%
55
15%
Jan
union
25%, July
capitah.—*
82%
85%
505
79'/a
Jan
861/2
20
69%
71
15
59%
Jan
28%
30%
370
16%
Jan
54%
58%
1,600
47%
Jan
•
__
Jan
Jan
15%
4%
10%
3%
50%
54%
44%
7%
4%
16% July
15% July
Jan
7%
Jan
;V
4
-
10
High
Jan
—
2
Jan
5%
Jun
55% July
8
1
Jun
Cleveland Stock Exchange
Friday
Week's
Last
STOCKS—
!
Fuel—-
Cleveland
Cliffs
Cleveland
Elec
Iron,
Cliffs Corp common
Eaton
3 '
16%
60
1,154
60
119
50
Jan
33
Mar
•
~
215
'
a38% a40'
21
<
"33 %
*
46
-
*
46
5%
25
2.
43% Jan
46%
30%
Jan
35%
50
5%
16
9%
Jan
15
July
4
Jan
7
Jun
374
16%
245
14%
Jan
_*
2%
2%
2%
258
2%
Jun
*
6%
5%
6%
2,800
.
*
88%
79
%
2%
a4%
a4%
a4%
'
15
15
Feb
3%
Feb
7% May
132
*
——
•'
'A
———————...I* :■' f
32 %
Seiberling Rubber
—
Standard Oil of Ohio
Apr
18% Mar
100
...*
A—
'
65
14
5%
July
40% July
543
34%
14
.»
:
Apr
July
110
8
33%
Apr
80
al06V2 al06%
* '
4—
-
Patterson-Sargent
25
——
Thompson Products Inc
16
a21
_*
34% July
40
30
554
a21
20
Mar
25
.
!%j
9
2% May
19% Jun
60
a32
15%
May
423
a8
a31
90
60
33%
a8
—
50
Youngstown Sheet & Tube—
-
323
a44"% a44%
*
*
—
90
32%
'
.1
*
Works
Weinberger Drug Stores
White Motor
Jan
16%
60
i—.*
Iron
10%
14%
a38% a42
—
Dorn
15
71
a41% a42 %
National Tile
Van
Jan
Jan
—
Cement
class
10%
59
18
^
Metropolitan Paving Brick
National Refining, hew————
Prior preferred 6%
LeMur
145
160
2Z
Interlake Steamship
Kelly Island Lime &'Tr_-—,L—
Lamson & Sessions.
8% July
67
*
—J—
High
%
Jan
££
Greif Bros Cooperage class A—
Hanna M A $5 cum
preferred--.
Richman Bros.
6%
all5
; all5
14%
low
■
«
Goodrich, B. F,—
Goodyear Tire & Rubber
Nestle
20
65%
———6
Electric Controller
Portland
135
•
pfd—.1
Manufacturing
Medusa
8%
Range Since January 1
High
a31% a31%
al4% al5%
—>
.i»„
$4.50
Shares
8%
5
preferred
Ilium
of Prices
low
American Coach & Body
Brewing Corp of America—-i
Cjity,Ice:&
Sales
for Week
Range
Sale Price
9
July
10
.
a36% a36%
75
Unlisted—
Cleveland Graphite Bronze common
1
Firestone T & R common
—10
General Electric common—
*
Glidden
Co
interlake Iron
New
York
Ohio
Oil
common——.
common
Central RR
151
65
50
a8%
50
17%
*
common
85
a8%
__
17%
265
a20%
175
*
al7% al9
225
a54% a57
240
*
—
al9
•
common.
al4
150
Republic Steel
S
50
a38% 42 Vb
a36% a37%
a20% a20%
a42% a42%
*
common
industrial Rayon
a38% a38%
__
Steel
—
Youngstown Steel Door
common
al4
49% Jan
BONDS—
59% July
155
10%
73% July
32% July
1191/4 123%
Low
15
July 24 to July 30 both inclusive, compiled from official
sales lists
U
Texas
Brands
14%
1
Jun
July
July
2% Mar
Apr
450
4
12%
50%
Jan
%
Apr
1% May
7% Jun
Jan
13
100
620
13% July
271/2
Jan
VA
450
1%
4 tii.'
May
851/4 July
4% Jan
16 V2 July
Jan
10
20
50%
Standard
14
Jan
500
••
2
common
Jan
5,090
Stockyards capital—*
Dredging common
1
National
Standard
Swift
1
"
21% Mar
Mar
3
300
16%
11%
South
3% Apr
19% May
Jan
:
2oU
3%
Jan
Jan
14
.
'
Works capital
Power class A com
Standard
Range Since January 1
High
15%
•
Motors—^—.-/
19
July
10% Mar
21"
inc
General
14%
Shares
*
35% July
Jan
7%
.
Jan
8%
.
18
Airlines
Pen
——25 * • '=
—_
Jun
20%
Parker
Fuel-
July
-•
Omnibus
Ice &
14% May
8%
8%.
2
Corp commonNorthern Paper Mills——
.
Rolling Mill-
49% July
,27
July
*
common
Industries
28%
•
common
North American Car commons
Northwest
Low
Jun
6
*
common—
Gas
2%
*
——
Minneapolis Brewing common—.
Modine Manufacturing common
Montgomery Ward <5* Co common
Muskegon Motor Spec class A—
National
of Prices
Par
Columbia Gas
Common
Northern
2501
7%
100
—
m
7%
100
Sales
Range. •/ for Week
Sale Price
Unlisted-
1%
Nachman
Week's
Last
Range Since January ]
High
Low
Friday /
:
STOCKS-
Shares
Utilities—
prior
"
OTHER STOCK EXCHANGES
Sales
Range
Friday
& FINANCIAL CHRONICLE
125% July
U
Carbide as
Carbon
p Gypsum Co
United
U
S
Air
Steel
1%
—j
common———
Lines
Transp
common
cumulative
capital
5
•
:
preferred-—-
100
200
Utah Radio Products common
1
3%
3%
•
26%
27%
112'/a
630
Walgreen
8
560
Co
""
common
Wayne Pump Co capital-——Western Union Tel common.!
Westinghouse Elec & Mfg
Wieboldt
Stores
Inc
—_1
Wrigley
(Wm
Yates-Amer
Zenith
Jr)
Unlisted
175
26%
Jan
40
18
80"%
Jan
>
9%
250
5%
Jan
10
10
85%
Jan
90
90
90
1
3%
3%
250
1%
Feb
/
$1,000
8%
1,000
5%
Jan
8%
68%
70%
210
58%
Jail
70%
5
common
5%
•
32%
.
6%
450
36
4%
Jan
Chicago Stock Exchange
Ford Building
DETROIT
19%
Jan
37% July
6%
Telephone: Randolph 5530
7% May
1,000
:
Radiator & St San
10%
1,000
28%
1,485
65
59%.
64
com
—
Bethlehem
Steel
Corp
•
common
Curtlss-Wright
..I
Electric
York
Paramount
RR
Pictures
Inc
Pure
Co
Radio Corp
65
Apr
July
56
Jan
8%
910
6%
l.lou
30%
69
.
Jan
38%
Jan
9
18
225
6
365
18
9 %
Detroit Stock Exchange
July 24 to July 30 both inclusive, compiled from official sales lists
Apr
Last
/ Jan
9%
24
STOCKS—
J.J.%
11%
13
2,100
6%
Jan
15
16
16
18%
2,085
10%
Jan
20
May
Briggs
•
25%
July
(The)
•
•
25
10
common
Republic Steel Corp common—
*
(Standard Brands common
•
Standard Oil of New Jersey capital—25
Studebaker
Corp common
U. S. Rubber Co common.
28%
1,300
15%
Jan
30
37%
370
26%
Jan
40
17%
18%
of America
19%
1,050
9%
Jan
11%
Jan
9%
17%
,
56
5
1,365
14
7%
1,460
4%
454
46%
Jan
10%
11%
965
5%
41%
45
185
25%
17>/4
17%
604
12%
Detroit
&
Detroit
Edison
Jun
Continental
Detroit
45% July
18% July
Jan
Federal
Steel
Ex-Cell-O
Stove
Corp
Corp
Industries
300
1%
Jan
1%
Ap;
980
9%
Jan
15%
Jur
6%
3%
6%
17
17
100
15
Jan
17
25%
25%
360
5%
5%
5%
400
25% July
3% Jan
6
Api
1%
1%
200
2
Maj
5%
5%
51/8
4,524
1
common
3
common
July 24 to July 30 both inclusive, compiled from official sales lists
Range
Sale Price
American
Laundry Machine
Burger Brewing
__
10%
20
_
27%
Eagle-Picher
Hilton
&
U.
S.
S.
Jan
11
July
.....
4%
Micromatic Hone
Mid-West
8%
8%
501
i-7% j Jun
9
9
4% July
.
■
*
3%
■■■
.
25%
3%
...
23%
3%
7>/4
14
1,068
.
51
Jan
9%
Jan
9Y2
...
_
23 % July
2%
Jan
11%
12%
90
7%
Jan
13% May
33
15
16%
Jan
35
Jun
30
85
20
Jan
30
Mav
30
20
.
43
23
_
Gamble
16%
75
.
.
17% Mar
125
37
23
July
50
16% July
*
30%
31%
23%
23%
54
3
_
Preferred
footnotes
page
479.
18
May
24%
Feb
32% May
20
Feb
25
Jun
Sheller
54
56%
431
48%
Jan
57
Jun
Tivoii
40
2%
Jan
8
Jun
Walker
7
42%
175
7%
1,163
50
173
30%
3
38
Jan
Jan
Jan
4% May
42% July
7% July
50
May
Standard
C'ft.H'
Warner
Vvtiyne
9%
Jan
161/4 Jul
10%
1,260
4%
Jan
11% Jul;
9%
Jul]
70c
1,100
51c
Jan
83c
Ap:
6'2c
65c
^
600
49 c
Feb
75c
Ap
22%
215
19%
Jan
23% Jul;
4%
275
2%
Jan
1%
2,520
1
'•
Jan
1%
Jan
2%
Jan
1% Ma;
7% Ma
66c
•v""4 K;'
l'/a
22c
1,000
2
925
1
2,100
7
6%
2
2
•
13c
62c
Jan
200
7
6% ;
7
.
6%
Jan
200
4%
Apr
400
1%
Jan
\
4% Jul;
1% Jul;
28c
Ap
Jui
6% Jul:
2% Ma
141/4
14%
150
10%
Jan
16%
IOVB
11 »/4
565
5%
Jan
11% Jul;
41/a
2,345
2%
Jan
10%
4
Paper
...
*
18 V2 Jul;
Jan
10
10
350
6%
Ma:
Ma;
1%
1,250
Jan
1% Jul]
3'%
390
2%
Jan
3%
*
3
3
3'/a
975
1%
Jan
3%
14%
467
10%
Jan
——10
14%
2%
—1
*
—
1%
1
B
1%
.1
Jan
15%
Jur
Jui
Jul:
4% Jur
4%
750
2%
2%
2%
200
11/4
Jan
2% Jul;
1%
Jun
21/4 Maj
1%
1%
1%
41%
100
7%
1,510
27
27
*
common——4
14
76c
4%
1
common
32
Jan
1%
1
Products
3% Jul:
Jan
16
9%
Jan
2
Ap:
200
17
Jan
27
Jul;
2
Jan
4% Jul:
July
1% Ma
4%
*
Aircraft
Jan
28
200
3
common
B
1%
590
18%
3
common—
A—
700
30
18%
1
common
common
3'/a
Ju:
Ma;
———2
common
common
class
3%
5
30
*
common
Prd
Tube
Screw
245
95c
*
Pattern
Co
16
71%
—2%
common
Brewing common
&
20
20c
•
common
Manufacturing
Simplicity
Jan
Jan
*
common—
Scotten-Dillon
Raisin
1%
50
see
River
186
6
Mtl
July
187
Car
Parker-Wolverine
(H W)
1%
1
common
Rust-P^oof
Rickel
4
10
Chemical
Peninsular
14%
10
Motor
23
981
.
Park
6% Jul]
567
22%
66c
62c
50c
Parke, Davis common-—...
Parker
9%
__*
Murray Corp
Packard
2% Maj
20
16
1
common
Jan
19
1
common—
83c
Jul]
3% Maj
Jan
1
common
common
——
Abrasive
Products
Motor
4%
40
7%
.
Preferred
4
6
—10
3% Mar
20% July
43
July
Jan
18
16%
31%
.
-
:
23%
/./.4
___
_
Jun
33
;
4%
___2
common
98 % July
a
*
_
_
Sugar
93 % July
9
Jun
42%
j____
Michigan
Feb
.
100
1
Michigan Die Casting
Feb
23
_..
Co
Jan
*
,
Oil
2%
-
Playing Card
Printing
For
5
10%
.
McClanahan
84
11%
_
Procter &
U.
5
20
Kroger
Rapid
Jun
81%
*
Lunkenheimer
..
31
168
..
Kokenge
Magnavox
July
Jun
123
Davis
Julian
5
31
1,234
__
Art
.
Masco Screw Products
Jan
10
.
2,050
6i%
Jur
4% Maj
56
Jan
600
1%
6%
1
common
93%
■
Machine
28% July
170
200
1%
2%
1%
10
common
98%
V
..
Insulation
Hobart class A
Jan
Mfg common
Wines
Jan
2%
*
common
(S S)
LaSalle
5
1%
&
Drug
96%
...
..
-
20%
Lock
Kresge
10% Mar
28
4
'
8%
_
_
Jan
Hum
Kinsel
6%
Jan
5
&
92%
«
Stock Yards
...
5%
30
31
10
Ball
2
44%
1
—
common—-—
93%
20%
..
10%
common
Jan
1
Brewing common
96%
Crosley Corp
Dow Drug
! !
/ 4
Street
Union
High
31
31
—
5
Cincinnati Gas & Electric preferred.100
Cincinnati N 0 & T P
20
Cincinnati
Low
..."
Crank-
Cincinnati
Range Since January 1
5
——40
_
Ball
Shares
High
<1
......
Carthage Mills class B_.
Churngold
Cincinnati
of Prices
Low
_
1,402
4
Maj
27% Mai
1'% Mar
3%
300
51%
Hudson Motor car, common
6
Industries
4%
51%
Bearing common
10
HoudailJe-Hershey class B———'
for Week
Par
Aluminum
1
10
Hoover
Sales
Last
STOCKS—
Week's
common
Co
Api
Jan
22% Jul]
4% Api
17
common
Lamp
7% Ma;
5
Jan
25%
Motors
Hall
Jul]
*
5
common
Finance
Graham-Paige
Jan
Jur
2
500
General
Goebel
4
Jan
17%
3,528
3%
3%
3
2,832
22
30%
Jan
4%
640
3%
3%
75c
100
General
Cincinnati Slock Exchange
71/4 Ma]
Jan
—_3
common
common
Truck,
High
Jan
1%
21%
•
4%
21
'
Motor
Wood
6%
1
common
555
733
4
21%
common—10
Low
7
13%
13
4
1
Frankenmuth Brewing
Gar
Friday
Range Since January 1
29%
;
20
Nav
common
■
1%
1%
13
—12 %c
Motors
Cleveland
Detroit-Michigan
59% July
.13% Jun
Jan
Shaies
High
6%
28
*
McLaren common—T
1
Burroughs Adding Machine.,.———*
Burry Biscuit common
8
Jan"
1
common:
12% May
20 % July
Jan
1
Manufacturing
July
191/4 May
Jan
59%
7
4,275
19%
17%
7%
10
Yellow Truck & Coach class B
Jun
34%
*
common
6%
common
Brown,
common
of Prices
Low
Baldwin Rubber
•
capital
for Week
Range
Sale Price
Apr
May
5
capital
Sales
Week's
Friday
May
39% July
Jan
19
8%
18%
—i
Corp
Central
Pullman
•
common
Jun
Jan
36%
3 6%
common
(Glenn L) Co
11%
31%
45%
469
,
Jan
24% Jan
751
7%
Co._
Iron Corp
Nash-Kelvinator
Jaeger
Feb
New York Curb Associate
Exchange
Mar
9%
Gibson
.
Jun
•
capital
■
26%
Formica
101
'Members
New York Stock
Detroit Stock Exchange
4% Mar
7%
61%
Oil
101% 101%
Watling, Iercren & Co.
Mar
*
Jan
*
•
New
1944
July
10
Copper Mining
_5G
"Atchison Topeka & Santa Fe com—-100
Martin
5%s
Stocks—
American
Interlake
debenture
98% July
18%
*
Anaconda
•General
Co
July
July
5
37%
91%
common
Co
Corp
26
25%
36%
91%
Mach capital—
Radio
I
July
common
Bankshares
R
4% May
28
Jan
50
common—
Oil-O-Matic
Wisconsin
201/2
100
common
Cumulative prior preferred---
Williams
25%
Jan
2
W
Jun
4
4%
275
1%
1
Va
1%
2,01*
4%
4%
4%
200
1 %
4
Jan
5
Ma
Monday, August" 2; 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
OTHER STOCK EXCHANGES
Friday
Week's
High
Low
Corp
Bros
50o
;
Corp
Central Investment Corp
Cessna Aircraft Co
Corp
3% Jan
al2%
12%
1.85
1.85
305
1.60
1.80
2,010
Corp preferred
America
of
—-——*
Co
Douglas Aircraft
Rubber Co
Development Co
Holly
Motor Car Corp—
Hupp
Petroleum Corp
Intercoast
Co
Lane-Wells
—
Jun
Chrysler Corp
48%
Jun
Curtis
Jan
10% May
Jan
77
(E
G)
Wheel
Pub
5%
Jan
12
May
Jan
50c
May
555
44%
Jan
55% July
100
33 %
Apr
34 % July
13
13%
200
39
41
525
Jan
14
Mar
Jan
9
41
July
80
80
300
57% Jan
85
26%
26%
100
20
9%
9%
910
1%
150
44c
44c
Electric Co
$1
Tonopah
1.80 May
....
Oil Corp.
Union
Shell
Jan
36c
26%
Feb
29
34%
Jan
18%
70
18
18
July
'
Sunray Oil Corp..—
3%
Corp
Milling
Taylor
1,010
3%
Jan
63
35 %
Jan
13
July
21%
Jan
25% July
Byers
(A M)
Jan
31% Mar
Clark
(D
35% July
Jan
30% May
Duquesne
39% May
Follansbee
16
3,535
1,100
28% Jan
454
1% Jan
..
5%
July
Jun
8%
8%
83
Apr
Jan
10
May
24% July
191/2 Mar
&
Aviation
21%
1,629
15%
Jan
22% July
200
8%
Jan
13
National
18%
Mar
20
Jun
9%
100
6
Jan
10
May
3%
200
3
Jan
4
Mar
10
15%
,16
July
Tractor
Jan
Shamrock Oil & Gas
Standard
6.
July
.
Corp
Foods
6%
3%
270
12%
Feb
13
Jan
19
35% July
61% Feb
_
407
35%
65
4
69
Feb
6% Jan
50
35
42%
210
4
Jan
15%
15%
60
7%
7%
356
4%
1,168
2
16%
16%
268
15
Jan
14'/a
14 Va
100
4
7%
San
Z 14%
Jun
Jun
July
8% July
13% Jan
25
•
5%
17% May
7% July
1% Jan
.150
2%
17%
——1
;
July
3
18 % July
Westinghouse
2
200
V
2
11%
11%"-
25c
84%
85
5%
36
25c
6%
4
150
2
9
265
2c
3
3
200
2%
7%
194
7
May
4
5% Jan
2c
May
6O0
•Z
Jan
8%
'
7
22%
2c
Jun
July
Apr
3% July
Jan
July
15%
453
24
'"■■■■
9
Jan
lc
1,000
Apr
55
«
Jan
4
22 %
14% May
97 % July
Feb
60c
100
3
Mar
July
-
•
4% Jan
100
60c
60c
•
July
95c
Jan
53
Jun
8
l.Jan
10
5%
July
9%
•
Jan
9% Jan
30
95 5A
53
5
—*
Air Brake
400
95'A
102
Jan
8% July
5% Jan
600
-•
rfr
60c
60c
-1
common—
Springs
8
479
9
7%
*
5
.1
...
-
Mining—
Steel
8%
•
92
25
102
102
8%
*
•
Bros
&
Manufacturing
Toy
9% May
24% May
T
Jan
11% May
45
Edward D. Jones & Co.
Apr
5
Jan
Jan
2
St. Louis Listed and Unlisted Securities
July
Jun
%
%
Jan
26%
180
22%
Jan
24%
a 16%
al6
16%
253
18
Jan
Established
20%
13%
%
13%
40
.
9% Jan
6%
6%
6%
275
7%
7%
746
7
a37%
a20%
20%
38%
41%
39%
39%
32%
32 7A
Phone
New York Stock Exchange
CEntral 7600
St. Louis Stock Exchange
Apr
Postal Long Distance
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
Chicago Stock Exch.
391
a41 %
LOUIS
Members
75
a36%
9%
Jan
1922
705 Olive St., ST.
Feb
Apr
7% May
4% Jan
7%
.
3,300
7%"-
2%
16%
7%
Jan
8%
Jun
17% July
~
Jan
Apr
a26%
W'-iiK"'
11%
Jan
16%
6%
Jun
1% Mar
1% Apr
7%
Jun
5%
July
900
,
•
15%
1
25
15% July
1 % May
a
_
f
33% May
255
a64%
35%
*
Corp
Reymer
Ruud
38% July
29%
35 %
&60
—
High
31Va
Jan
1% Jan
19% May
275
X
1
X
:
Co.
18%
Jun
3,355
5
•
Class A
General
27
16%
a34
...
LOW
High
64% July
Feb
a26%
Corp
Motors Corp
Electric
Jan
Jan
18%
4%
50%
Curtiss-Wright Corp
General
3%
48
21%
65
a9%
Vultee
Continental
370
Range Since January 1
Shares
9%
10
*
_*
Corp—
—
Jan
17%
*
*
*
Corp
Jun
43% July
156% July
Feb
al6%
Edison
Consolidated
Low
10
Corp
34%
a9%
■
Commonwealth & Southern
Consolidated
Bolt
31%
a48%
Solvents
Commercial
&
Screw
Jan
—25
Co
Electric
&
Gas
11%
6% Jan
41% July
754
for Week
♦
Brewing common:
Forg.ings
Pittsburgh Plate Glass.
Jan
6
Jun
May
2% July
Sales
Range
10
Pittsburgh
24"%
64%
Week's
of Prices
•
Pittsburgh
32 %
26%
16
26
July
Jan
Supply—;—.'--i
100
Co——i.——_*
Pacific Ry
Columbia
Fuel
1,092
5%
150
Friday
-
—100
Fireproofing
131%
61%
1% Jun
12% Feb
21
38
22%
10
1—
290
46%
Feb
2'/a July
2% July
34% July
17% Jan
*
*
Refractories—
540
28
15%
21
.1
225
a25%
......——5
Borg-Warner Corp
Canadian
6,880
%
-{
Jan
Jan
common..
9%
26%
5
*
Corp
Bethlehem Steel Corp
Caterpillar
2%
2Ve
2%
HI
•
Feb
6
Gas
Mountain
12%
a44 %
3
13
5
(Del)
Co
Aviation
1,111
.5
Co
42%
50
5
Locomotive Works vtc
Bendix
33%
21%
20
10
9%
——————————
(The)
Corp
30%
31%
74
140
:
42 V*
Atchison, Topeka & Santa Fe Ry._100
Atlantic ReUning Co—
-25
Barnsdall Oil
2.774
9%
common
al54% 158%
Refining Co
Co—.—-——100
(111)
Co
1,200
2%
9
Renner Co
Copper Mining Co
Anaconda
2 Va
2 Vs
——1
,
Candy.—
Steel
Star
Lone
Pitts
/American Viscose
n
2Va
100
Koppers Co preferred
3%
Amer Rad & Std Sant Corp...—-—•
Jan
1,050
u
2%
Pittsburgh Steel Foundry preferred.100
American Tel & Tel
63% Mar
*
Walker
18%
'
'
Feb
43 Va
Jan
1%
Brewing
9%
—m'
8»A July
Jan
Jan
48%
168
1%
Brewing
Pitt
Fort
12
«...
Jun
38'/a
70.'z;-
42 y8
56%
10
common
Oil
Devonian
20 Va
20%
2%
100
7%
41%
34'A July
13% July
6%
2,842
22%
8
245
a21%
30Va Mar
4%
Columbia Gas & Electric
31
38%
8%
Jan
4%
Co
L)
32% Mar
29%
American Smelting &
Baldwin
Blaw-Knox
28% Feb
Stocks—
Unlisted
Armour
Finance
30
c\-..
* \v.\*
Auto
7% July
Harbison
w'U
22%
Co common—'
National Gas
Jan
5%
5
Union Oil of California—
25
Universal Consolidated Oil
-10
Weber Showcase & Fixture 1st pfd—.*
Western Air Lines Inc
;
1
Yosemite Portland Cement preferred. 10
65
*
Arkansas
37%
2
28%
245
July
52
13V4
28%
28%
39
25%
13
22% May
30 'A May
184
.
26 Va
Jan
884
35%
26 y4
Jan
par
Allegheny Ludlum Steel—
4
300
3r
Jan
14%
Last
July
7% Jan
1,544
14
30%
13%
140
Sale Price
27
22
145
2,329
a35%
70
18%
28%
STOCKS—
17% Jan
50
31%
22%
•z
.
46% July
*
.
Corp
Transcontinental & Western Air
Transamenca
',),
4%
47%
24%
34'A
17 %
:
Apr
Pittsburgh Slock Exchange
11% July
5% Mar
23%
26% July
22%
Jun
7% Jan
X
—
6%
2.10 Jan
985
a31%
Apr
July 24 to July 30 both inclusive, compiled from official sales lists
July
2,320
.7%-
23%
10
...
44% July
12%
26%
33%
«
..
July
45
686
71/8
25%
3,590
4,981
19% July
.
July
11%
32'/a
Apr
May
a46%
-*
Sontag Drug Stores
*
Southern California Edison Co. Ltd—25
6'/o preferred class B
25
5%%
preferred class C—:
25
South California Gas 6% pfd A
25
Southern Pacific Co—
•
Standard Oil Co of California
•
Jan
July
9c
11%
*
Signal Oil & Gas Co class A—
Sinclair Oil Corp————
Jan
16%
_
Coal
:
39
3%
23%
25
.
Inc.
Westmoreland
30
39
4% Mar
3,846
3,501
.V!;'-'.
distribution
Ex-stock
Westmoreland
36
26%
8'A July
Jun
7%
4%
.3
preferred.
$3
Corp
July
Jan
a26%
9>A May
Jan
2% Jan
13
common.
_
July
Jan
*
15
Aeronautical Co
Stores, Inc—:
Safeway
3'A
315
19%
.50
v
Ryan
20Q
6%
,
29%
Mining
65c
Jun
....
23%
6
8%
7%
Transit Invest Corp
Preferred
35
30
30%
5%
Jan
'
57 %C Jan
100
10%
4 Ve
United Gas Improvement—
972
-1
1,724
55%
United
500
...—"
1
Republic Petroleum Co common
Richfield Oil Corp common
42% July.
56 Vo July
Jan
•
4%
*
Feb
Mar
36
al8%
36% May
Jan
33%
44
1,388
19%
Corp
11
30c
44
Jan
16%
100
462
-
Apr
27%
Sun Oil
24% Mar
29%
29%
7% May
26»A
'
50
40o
26c
42%
Jan
19%
pfd.25
preferred
Jun
July
36
a29%
8%
.
11%
29%
-
2nd
1%
.85% July
.
--
-
*
„
46c
Jan
97 %c
300
200
w -i
RR common.
Jan
8
6Va
6%
.
Corporation
Jan
17%
2,750
common
Jan
27c
1.35
preference
♦
i
w
Jan
500
317
60c
com
Jan
919
35
May
Jan
27%
Salt Dome Oil
11
1.25
6'A
•
pj:
Jan
8
50
May
10%
6%
67 Va
54%
7'4
10
249
41 Yn
50%
19% May
Z- 27% July
:
Jan
/.V 234
34V«
38%
7y4
—
Scott Paper common
19
Feb
:.A:pA8 4
V,-
5%
33%
m
Philadelphia Electric Power
Philco
5%
51%
_
new
2% May
36c
Jan
3
4%
Pennsylvania RR_
New
:
76
33%
•
10
Pennroad Corp
Phil
10% July
6%
ll'/a
12 Va
;
686
7%
40
...
-
Lehigh Valley RR
National Power & Light
26% July
34c
55c
.
Navigation
Apr
14c
15% May
158% July
Jan
— 35
-
8%
79'/a
5%,
•
_
6%
8V8
■
76%
0
...224
23%
■
v
*
_
Jan
11
31
ay.
_
_
If
970
_
Battery..
Motors.
Jan
18%
Investment Co
10
Menasco Mfg Co—
—1
Merchants Petroleum Co—
1
Mt Diablo Oil Mining & Devel
1
Occidental Petroleum Corp
1
Pacific Gas & Electric common
25
6%
1st preferred
25
5c!o preferred—.
———25
Pacific Lighting Corp common
.*
Pacific Public Service 1st preferred—*
Los Angeles
__
4%
900
11%
0
Storage
Reading
10%
common..
11% July
26%
High
...
127%
1,111.
16%
23%
7
...
Prior preferred
Lehigh Coal &
7% July
15%
•
common...
10% May
66% July
Co
___
Co
22%
Jan
13
-
Electric
55
1%
Mfg
General
Feb
20c
Low
11'A Mar
100
14%
.-•?
Range Since January 1
High
14%.
__
Co.
July
34%
10c
1
Petroleum Co
Lincoln
-Lockheed Aircraft Corp
28%
Jan
Jan
Works vtc.
Locomotive
Budd
7% Jan
325
34%
Baldwin
July
63
150
a50%
*
*
1
.—10c
1
Co———
10%
10%
35c
LOW
Barber Asphalt Corp..
14
19% July
3% Jan
532 ;
35c
-1
.—
Honolulu Oil Corp—
Motor Car
10
10%
*
*
Gladding McBean & Co.
Hudson
4,715
10y2
10
*
Corp common
General Paint Corp preferred—
Tire &
7%
62%
■
Co—
5
A—~1
Motors
Goodyear
6%
—--,---4
Products Corp
Derrick & Equipment
Electrical
Exeter Oil Co common
815
a62 Ve
1
Jun
24% May
6%
1,220
20%
19%
May
Jan,
68%
365...
.
10
9
-*
*
:
77
154% 158'/a
100
•>A,•-:*.»
■V
Shares
155%
Par
;^.i.] A;'l;-','
Tel
Kjyyy
—
for Week
of Prices
*
&
Sales
>
Range
Sale Price
,
'
2
8
500
9
8%
Tel
19
275
77
American
23% Mar
25
48V2
-5
——
.—
26%
;• '.J;'i):
American Stores
Jun
V'/;..-. 1
k
Last
1
v.
STOCKS—
Jan
7%
'47%
1
.
Budd
16%
a26%
1.
Jun
2.05
Jan
50
20%
/,
5
1.35 Jan
75c
1,080
13
12 %
a20%
*
100
—1
Consolidated Steel
Creameries
'
'-V
12
Feb
7
*.
4% May
1.80 Feb
3
25
*
common
Consolidated Oil Corp
General
1,400
4%
*
Byron Jackson Co
California Packing
Emsco
3%
4
Department Store Inc
Broadway
Chrysler
3%
4%
*—*
2
1
—:
Oil common.
Chica
Bolsa
3%
1
common.
Corp
Diamond
Blue
-
Range Since January 1
Low
High
Shares
of Prices
Week's
Friday
for Week
Range
Last
Aircraft Accessories, Inc
Bandini Petroleum Company
July 24 to July 80 both inclusive, compiled from official sales-lists
compiled from Sales
official sales lists
Sale Price
8TOCKS-
Barker
Philadelphia Stock Exchange
Angeles Stock Exchange
Los
July 24 to July 30 both inclusive,
355
31% Jan
39
25
35 %
Jan
41
205
36V4
Apr
Jun
36
Bell Teletype SL593
39% July
32 V4
July
Jun
■
Goodrich
•
Co
(B F)
mmm<.
_
International Tel &
Kennecott
McNeil & Libby
Libby
if
15
Inc
_
.....
Montgomery Ward & Co
New
York Central RR
North
—
*
Packard
Motor
Car
0
_
Republic Steel Corp
Roebuck
Sears,
&
Southern
Railway
Standard
Brands
Oil Co
Studebaker
Swift
&
Texas
Co
*
Co.
United
Air
&
Lines
Co
Aircraft
'■
C*."'"
Corp
♦
_
Bros
Woolworth
For
15
14%
85% July
450
10%
Jan
15
16%
Jan
29%
July
120
868
260
28%
Feb
59 %
193
47'A
Jan
36% July
59 % July
11%
741
5%
Jan
13
27
52%
14%
4% Jan
8
Apr
Jun
May
88
241/4 Feb
25 %
Apr
110
15%
42% Jan
49%
Jun
Columbia
Brewing
57%
-
-
653
14%
1
14%
110
a90%
95%
80
a8%
'L-.
50
8%
17
40%
40 Va
200
~
11%
12%
25
755
77
40c
150
20c
5%
38
214
5%
38%
214
330
489
100
'
8
.
,
—
;
Key Co common.————
Laclede-Christy Clay Prod common.—5
Steel common
20
Missouri
common—
._*■
Cement common—25
39 V» May
St Louis
Dry
—*•
Metals common
Candy common
Goods
Pub Service
,
common——
common
"
*
Sterling Aluminum common.
.
48
Jan
59
Stix
;
10
2%
36
July
15'A July
Baer
Wagner
&
common-.-.:
Fuller
Electric
common
common
15
i
38
45
12% Jan
185
2,928
550
11
Jan
14 ,e Jan
6 /e Jan
15%
37%
9%...
.
9%
10
310
150
10%.
10
10
30%
.
18 "
8% Jan
6 A Jan
60
,744
24 A Jan
$500
90% Feb
16% July
16 A Jun
37 A July
..A-;,;/ 9 A July
11 /a Jun
.. .
31%
;
15
12
July
July
32
July
98
July
10% July
6 /2 Feb
...
Feb
35% July
Jan
8 A Jan
106
15
30
6 A Mar
7% Apr
4 A Feb
5
Jan
.64
15
35
9
Z
7% Apr
38% July
2 A July
3 A Jan
28% Jan..
l% May
16%
16%
97A
13 July
27% July
70c. Apr
Jan.
45%
45.
,—
8% May
106
Jun
15 /a Jan
-
14V4
—9'A
5
.1
Scruggs-V-B Inc
.
July
26% July
5
Feb
98% Jan
126
45
15
37V2
ZZ 9%
*
300
270
5%
7%
16%
—
:■
A——1
2Mi May
5%
7%
17
10
8
105
16%
Portland
National Bearing
Jan
82
••
—
Laclede
National
Jan
105
—
Rice-Stix
Jan
21
714 Jan
17
Jan
40c.
43% July
7%
12Va Jan
23, Jan
25
Jan
82
26%
—
Hydraulic Pressed Brick common—100
Preferred
—.100
International shoe common*
Johansen Shoe common
—1
Mar
•J2
1
20
30
11%,
33
150
-
26%
10%
21
__
Jun
27 Va
100
1%
43 %
;
15% Jan
17% Jan
7% Jan
__
Brewing
Griesedieck-West
27%
18 V4
240
34%
54%
v
1%
43%
v
15% July
-
25%
10%
21
__
■
High
22% Apr
26
July
10% July
Low
50
150
30
21
26
1
common—*
Falstaff Brewing common
Jan
Apr
u
Range Since January t
High
Ely & Walker Dry Goods common—25
Emerson Electric common.
4
Preferred
100
Apr
8414
common—.;
Dr Pepper common..
20
—__1
—5
* '
Coca-Cola Bottling common
84 V4
113
295
27%
a32%
'•
10
9% Jan
570
~
85
27%
-
„
479.
2(J% July
59% Jan
7%
a82%
:
page
14V4 Jan
342
36%
59%
V-;:-
—5
(F W)
963
Burkart Manufacturing common——1
for Week
Shares
of Prices
Low
Par
McQuay-Norris
__
Inc
July
12 Va May
23%
a50%
*
_
19%
Jan
7%
a26%
*
Corp
Motors
see
18%
82%
&/11-.-:
-
_
Pictures Inc
footnotes
Jun
5
36%
5
...
(Del)
Westinghouse El & Mfg Co
Willys-Overland
12(4
1,966
•
''
5
.
.
States Steel
United
470
10%
a23 %
7%
10
-
Rubber Co..
Warner
18%
14%
:
Corp
Transport
Corporation
Jun
Apr
,
,25
—
United
27%
31%
82%
1
—
Carbon
United
U S
Jan
Jan
18%
25
...
Oil
Assoc
15%
24
18%
36%
Corp (The)
Carbide
135
274
10
*
_
2% Jan
700
29%
18%
_
——i
Water
Tide
Union
May
4
28%
29%
15
(N J)
Corp
5
4
Range
Sale Price
STOCKS—
Apr
July
Sales
Week's
Last'
18% July
21
Jan
a25 Va
Standard Oil of Indiana
Standard
14
Jan
12
0
Inc.
9%
175
10% Jan
.
Socony-Vacuum Oil Co
Friday
Apr
540
*
__
20 V4
official sales lists
July 24 to July 30 both inclusive, compiled from
48 Vo July
Jan
300
.
Co
Feb
10%
17%
0
of America
Corp
36%
19%
'--I
0
Oil Co
Pure
50
1,185
10%
Exchange
Jun
19%
4
50
Si. Louis Slock
Apr
17%
1
__
Pennsylvania Railroad Co.
Redio
8%
66% July
Apr
17%
'
...
Inc
54
—
......
0
Co..
35
5% Jan
6,838
Mar
16% Mar
Jan
Jan
30
'
859
17
10%
0
..
Pictures
Paramount
47%
6838
7%'
16%
16%
1
Inc.
Co
American
33%
*
Oil Company——————
Ohio
31%
a47%
_
_
Aviation,
American
North
.
—
6%
434 "
33%
7%
.....
i>
Loew's,
31%
31%
0
15JA
31%
7%
Corp.
Tel
"
•
:.•.••*
Corp
Copper
'•
*
International Nickel Co of Canada.
. .
Jan
Jan
8%
Jun
Mar
40%
Jun
"Bonds—
St Louis Pub Serv
V/;//VH/H
;
1st
mtge
5s
1959
—
V
98
98
Volume 158
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4199
CANADIAN
Montreal Stock
Canadian
LISTED
MARKETS
Montreal Curb Market
Exchange
Funds
Canadian
Week's
Friday
Last
Par
Acme Glove
Algoma
Works
Steel
Aluminium
Ltd
6%
Low
*
Ltd
Amalgamated
Asbestos
Associated
Assoc
Electric
Corp
1013A
Breweries
Tel
&
Teieg
T
L
&
preferred-—
18
Power Class A
B
Class
1
Canada
Steam&nip
29
29
3%
~8
July
Mar
Feb
11
21%
Jan
July
25% July
15
Jan
20
Mar
34
8
•
13
13
34 V2
28%
23%
Jan
29
335
2
100
200
8%
1,345
105
121
11%
Apr
July
common
4%
4
preferred
.100
Aluminium
9
4%
Eelding-Corticelli
I'/o
Calgary Power Co Ltd 6%
Jun
Canada
&
8%
106
12
Jan
Jun
Canadian
General
Jan
38
Canadian
Chateau-Gai
May
27%
Jan
4% July
41% July
32
Jan
3i
420
85
10%
10
11%
1,570
7%
Jan
12
July
25
30%
30 %
30%
810
27%
Jan
31
July
•
36%
36%
37
575
27
Jan
37
Jun
Alcohol
Cockshutt
Consolidated Mining & Smelting—
Consumers
Glass
Commercial
Aircraft
May
885
3%
Jan
5%
Jun
Dominion
Oilclotn
3%
Jan
5%
Jun
Dominion
Jun
Donnacona
22%
80
13,543
801
12%
12%
13
451/2
12
26
7%
Feo
12% May
Jan
13% July
Fairchild
45%
46
801
37%
Jan
46
28%
—
28%
220
27% Mar
29
July
July
Distillers
Seagrams
*
_
Dominion Glass
Tar
26
Jan
36
805
24%
Jan
31% July
14%
100
125
125
B
25
6%
8%
9%
101
>
common—
7%
Gatineau
Canada
_
15%
m
common
—
Wares
76%
Jan
5%
Feb
175
75
4
15%
9% July
81
Mar
5%
Jan
10
July
Jan
7
Jun
30
4
Jan
580
14%
120
7%
5% July
16% July
Feb
Jan
10%
10%
93
*
common
__
Gypsum, Lime & Alabastine
__
109
150
94
13%
4%
7%
1,140
5
Jan
^
6%
7%
Mitchell,
July
Jun
7
Jun
Canada
Jan
8
Jun
Thrift
Jan
11
Aor
Walkerville
1,085
103% 105
103%
61
25
12
Jan
98%
Jan
105
Jun
Ltd
2,405
65c
Jan
32
32
1,150
32
28
100
22% Mar
28%
24%
31
425
6%
3,335
"A"
4%
23%
23%
25
77
19%
1,125
1.10
__
1.10
75c
3
Ltd
•
11%
13%
30c
30c
15
21 %
20%
213/4
6%
6 3A
470
31%
635
27
Feb
32
17
2,566
12
Jan
17% July
12%
12%
1,530
10% Mar
12%
Jan
Beaufor
Gold
19%
55
13
21
July
Bidgood
Kirk
Gold
12
Jun
Bouscadillac
Jun
July
6%
Jun
25
July
60c
July
20% July
20% July
1.10 July
1.00
90
Apr
July
3%
Jun
13% July
Jun
15c
15%
20
Jan
14%
Jan
16 %
22
5%
5
Jan
11
25
Jan
Feb
7
July
July
75c
July
Apr
980
16%
Jan
22
85c
2o0
July
75c.
Apr
85c
23%
250
July
20
Jan
*
____
473,4
23 %
47%
200
45 % Mar
July
5%
5%
205
Jan
7
120
10
116
Apr
120
110
87
Jan
97
40
July
May
45
July
*
Co
Mines
19%
12
Jan
4%
28
21%
*
120
120
97
97
43%
43%
7%
3%
30
7 %
50
■'_£
pfd-100
cum
102
102
20
47% May
5% Mar
102
May
July
7% July
Jan
8%
8%
8%
85
105% May
2%
Jan
1.70
*
com.*
*
10%
3%
July
May
85c
Limited
31
Jan
7
35
23 V2
common
16%
2%
1,300
20
20
Apr
July
May
Apr
July
7% July
*
Ltd
31%
1,00
50
20
Jan
75c
2,025
^
pfd
cum
12%
25
30c
10
Jan
80
11%
20
Jan
Mar
12%
10
15
pfd
19%
90
3
Jan
25c
■
5
75c
89
*
100
3%
700
18%
Jan
21 % Mar
445
60c
Jan
2%
220
15%
18 %
3% Mar
1,205
60c
Jan
14
740
5% '
Jan
3
50
18%
"
;*
27
4%
__
Apr
July
36%
330
6%
6
6%
Jun
1.30
6%
9
"A"
Walker-Gooderham & Worts Ltd
$1
July
1.30
1.70
1.70
25
1.25
Jan
July
May
May
21% July
Mar
16% July
5
6% July
*
Limited
Brewery
% Mar
6%
*
.
Pow 6%
Ltd
Stores
2
Jun
3%
Paton
4%
Apr
5
*
Refrig & Storage Vot Trust
8.90
15
Jun
7%
Jan
1
$3 preferred
Moore Corporation Ltd
680
11
14%
10%
735
Feb
*
Corp
Transport
Jan
Jan
90
7
3
Provincial
July
2
3%
9
6
7% July
109
1.15
110
A
(Can)
Aviation
Jan
9
5
Apr
3% May
Jan
50c
7
7
100
Robert Co
16
85c
300
75c
1.10
common
Distilleries
May
Mar
2'/a Mar
Ltd
MacLaren Power & Paper Co
Maple Leaf Milling "A" pfd
Massey-Harris Co Ltd 5% pfd_
Melchers
15
v
3,280
75c
,
Jun
10% July
169
850
common.——*
Utilities
2%
19
Jan
9,024
Class "B"
895
11
2
Apr
3
Manufacturing 7% preferred-100
Power Corp of Can 6% 1st pfd
100
6% FT. C. Part 2nd pfd--50
Jan
7%
15
8%
148
6
7%
Jan
1,010
7
V
Mining
93
Jan
8
7%
15
100
__
1,590
7%
--
♦
..
108
12%
15
4
_:
International Paints
International
Southern
•
common
11% July
Jan
7%
•
5
Paper
79
7%
_
Hamilton Bridge
Hollinger Gold Mines
12%
109
_
_
18
15
<,
15% Mar
10
32
28
preferred
Noorduyn
12%
*
common
_
10%
92
Ltd
Corp
Trust
25
10%
8% July
3
16%
92
100
_
.1. 100
(Charles)
Bay
44
6
Sec
18%
167
July
6%
Goodyear Tire & Rubber of Can__
101% July
110
28
July
Apr
10(5% July
4
11
Mar
Jun
Jun
27
Jan
8%
91
107
5.00
Freiman Ltd A J
6
10
Canada
Jan
10
125
pfd__100
Apr
565
8%
4
_
Preferred
Preferred
Voting
Mtl
Power
Smith
Jun
cum.
125
96
5%
*
"B"
preferred
General Steel
16%
of
39%
100
110
10%
1
Power
Jan
Jan
2%
*
Fraser Companies Ltd
Feb
17%
36%
y
sy4
•
Aircraft Limited
Motor
10
18%
*
Aircraft Ltd
Foreign
1,130
Apr
July
26
July
104
July
22% July
6%
*
Lut
Jan
15
77
V.B
*
Products
of
120
1,760
9%
Heating
English Electric class
Jan
11%
4,821
101
77 '
•
Co
30
10%
9%
100
1—.
Foundation
100
125
9%
♦
common-
Corp
&
14%
July
17% Mar
101
Feb
7%
22 %
6%
Fanny Farmer Candy Shops—
6%
& Coal
Dryden Paper
Electrolux
150
31%
25
_
& Chemical
Textile
36
29
__
Preferred
Dominion
36
291/4
_
common
Dominion Steel
Dominion
36
•
common
22%
39%
Jan
Jun
Jun
8
5%
Fleet
Ford
Dominion Bridge
Dominion Coal preferred—
Co
Paper Co Ltd
1%
17%
86
120
*
Linoi
Eastern Dairies Ltd.
9%
25
1,455
20
*
Jan
/: V
50
•
Engineering Works Ltd
&
,
Jan
Jun.
4% July
5% Feb
•
Ltd
Woollens
33
7
22 %
23
*
common
Corp
Ltd
Corp
275
11%
*
Ltd
120
104
2
*
80
5
L66
3
common
80
27
July
11% July
110
com.-*
_*
Jun
4
100
110
*
Ltd
July
120
Jan
22
__
»
100
54
Jan
9%
39%
__
Feb
Feb
23
22%
July
12%
116
2%
104
__
104
*
B
5.00
Paper
5%
13
_
__
Ltd
Ltd____
Alcohols
22
pfd 100
Preferred
Consolidated
5%
11 %
•
_
Co
class
Inv
Ltd
Wines
7
22
•
_
5%
22
25
____
Jan
Ltd
& Paper
Vickers
—
July
29
193
4'A
High
4 Ve
Jan
50
120
4%
*
preferred
Dominion
5%
*
Railway
Plow
17%
Power
120
y
Jan
5%
30
11
__
65c
50
86
pfd—100
Investments
5%
class A__s
*
Canadian Pacitic
Apr
5 %
11
86
pfd-100
cum
V.
3%
11
5
Canadian Light & Power Co__
Canadian
Marconi
Co
July
3%
.*
Co
7%
Dock
Industries
3 %
3%
—*
cum
Sugar
Dredge &
Canadian
July
Canadian
14% May
Ltd
Ltd.—
Ltd
Power
July
41%
Locomotive
Dominion
Northern
31%
50
Co
Canada Malting Co Ltd
962
29
Oil
Packers
Canada Wire & Cable 6% %
Apr
48
*
Vane
July
32%
29
of
American
41
29
46
__
Ltd
Distillers
Canada
Jan
9
&
4,150
100
common
preferred
Brewers
10,946
119% 119%
__
*
3%
25%
iuO
Ltd
17% July
Jan
5%
100
Columbia
32%
B
pfd
British
41
___—10Q
Canadian Industrial
Canadian
6%
Bathurst Power & Paper class B—_
Beauharnois Power Corp Ltd
Cub
Canadian Converters
Ltd
Range Since January 1
Low
2%
:C_
7%
Shares
High
22%
24
Bntisn
32%
common
2%
100
Jun
•
•
'
preferred
4,380
4%
of Prices
Low
common
July
*
Celanese
Paper
16% July
Feb
92
Feb
5% May
Jan
Mar
11%
943
36
Jan
5%
13
750
13%
34%
155
Jan
855
17%
7%
Jan
14%
535
lb%
11
141
15 %
3,885
4%
7%
16'/4
17%
50
Breweries
Canadian
Hudson
29
105
.
Howard
9
70
273
26%
8
Preferred
Gurd
155
24%
11
Canadian Bronze common
Canadian Car &
Foundry common
7 %
participating preferred
5%
103%
25
6%
Candn
Canadian
Enamel
Feb
12% Mar
105
preferred
100%
20
*
^
172
120
•
common
133
685
153
16%
Corp
Jan
592
Power &
•
14%
25 %
5
Power
July
33
100
Northern
Class
155
*
Preferred
Canada
11
105 %
v:
Sale Price
Par
Abltibl
Brandram-Handerson
A.
Canada Cement common
Jan
Feb
8%
70
13%
"
___;
____
Jun
32
*
Bulolo Gold Dredging
5 %
18
13%
•
Bruck Silk Mills
'
Building Products class
11
25%
*
P
British Columbia
10%
25%
'-■sv
STOCKS—
High
291
11
*
common
116
25%
Bathurst Power & Paper class A
*
Beii Telephone Co of Canada—100
Brazilian
101% 101%
*
64
1,125
114
_______*
Corp
10%
10
114
common..;
•
Aluminum Co of Canada pf4----50
'
Range Since January 1
Low
70
10%
IOV2
,-vv.
Shares
High
70
ft pfd—100
common
Sales
for Week
Range
of Prices
Sale Price
Funds
July 24 to July 30 both inclusive, compiled from official
sales lists
Week's
Friday
Sales
Y,'
Last'
Range
for Week
•
July 24 to July 30 both inclusive, compiled from official sales lists
STOCKS—
477
'
54%
55 V2
55
27
47%
Jan
__
20%
20%
15
19%
Jan
9
2.00
56
Mines—
•
Imperial
Oil
Imnerial
Tobacco
Industrial
Ltd
of
Can
Acceptance
International
International
Nickel
International
Petroleum
International
Ltd
37%
1,572
33
Jan
39% Mar
Central
23%
3,030
17
Jan
24
July
Cochenour
13
13
25%
•
Loan
&
National
Mortgage
Co
National Steel
Car
Niagara
Weaving
Wire
Ottawa
Car
Ottawa L H & Power
Page-Hersey Tubes
Power
Price
Corp
Bros
5%
of
&
Co
Ltd
Kirkland
Lake
Shore
Little
Long
5%
Jan
10
Ltd
1
Jan
27%
Jun
Malartic
Goldfields
16
Jun
Normetal
Ltd
12
200
12
July
12%
200
11
Apr
12% July
O'Brien
Perron
33%
34
1,591
26
Jan
34
58
62
2,997
38
Jan
62
July
July
17
17
110
15
Feb
18
Jun
46%
48%
2,219
40
Jan
48%
Apr
24.1
24%
1,245
22%
Jan
25%
Feb
Mining
Gold
Sigma
4
Jan
6% July
Sullivan
6%
Jan
8% May
Waite
18
15%
1,455
19%
18
81
—
3,535
82
15%
15%
21
—25
21
219
-
July
6
Jan
9%
62
101
July
10%
Jan
83
3%c
55c
3%c
500 y
1.000,
Mar
2c
Apr
6c
Jan
95c
Feb
1.35
July
Feb
1.70 July
1.25 July
1.35
400
1,900
1.25
1,100
1.13
Jan
2,900
21c
Jan
8c
7c
80c
32c
31c
5,300
3%c
Apr
20
.11%
Feb
15% July
Apr
8Gc
Apr
3.60 July
2.70 July
15%c 15%c
80c
—
80c
14
Jan
800
20
Jan
21
1
Mines
1.00
100
73c
2.45
—
5c
2.70
3,800
96c
1.05
7,500
1.00
—
98c
1.10
900
5c
2.78
1.66
Jan
May
July
4,500
5c
1.00
—
5%c
1.00
1,200
90c
1.90
1.00
1.90
100
1.03
—
7.75
1.03
7.50
400
7.75
400
Apr
78c
63 %c
Mar
1.44 Mar
66 %c
5.10
Jan
Jan
33c
8c
Feb
1.10 July
1.10 July
ll%c
Jan
1.04
Jan
1.90 July
1.04 July
7.75 July
59c
44c
60c
5,900
38c
Jan
60c
1
Ltd—
July
July
47
47
47
2,000
36
Jan
47
85c
82c
85c
3,645
68c
Jan
85c
Mines
Ltd
1
Mines
Ltd—_—:
1
5.25
—
5.25
100
3.60
500
10 %c
Jan
July
July
July
5.40 July
Crest
Oil
Okalta
Oil
Co
Ltd
Co
•
:
19c
Oil
Ltd
•
Ltd—
Oils
*
Company Limited
*
19c
—
25%
19c
3.60
—
3.90
65c
2,110
65c
25
Feb
2.66 Jan
21 %c
40c
Jan
70c
105
26
July
4.00 July
Jun
500
21%
Jan
26
Apr
Feb
4
Ltd
Ltd
3.60
16
50
1.00
Cons
Royalite
492
(Quebec)
Mines
1
Ltd
Amulet
Home
July
1
3.60
—
July
July
3%c July
55c July
40c
1.70
1.12
Feb
Feb
7c
59c
6,000
1.48
8c
2c
20c
OilsEast
19%
Jan
1
Ltd
Mines
Sladen-Malartic
360
101
4
1
Mines
Mines
Gold
360
35
Ltd
Ltd
Pickle Crow Gold Mines Ltd
6%
10%
1
Corp
Mines
Sherritt-Gordon
8'%
101
1
Nickel
Gold
8%
10
Jan
July
12
101
*
Jun
Jan
12c
1.35
—
1
Mines
10c
2%c
3%c
*
Ltd—
3,000
5,000
23,400
52c
1
Mines Ltd
24%
55c
1.00
1
17c
7c
59c
3%c
Ltd—1
Ltd
Gold
2,088
10
•
Ltd——"
Ltd
Mines
2,453
__
L
preferred
1
Mines
Mines
9%
—
*
Mines
Rand
Lac
Siscoe
•
common
Gold
Gold
26%
!»
L_.
Quebec Power
July
15% July
48
—
Regent Knitting
Jan
24%
100
Canada
preferred
14
Jun
6
_
;
155
15%
26%
127
16c
'ic
50c
7c
59c
Ltd
Limited
Mines
9
_
common
Mar
17
•
_
Jan
124
58%
*
_
19
10
Ontario
•
Aircraft
Gold
26
34
m
common
Malartic Mines
12
_
Noranda Mines Ltd
Ogilvie Flour Mills
Eldorado
Macassa
•
Corp
East
Jan
*
1
1
Ltd
Mines Ltd
Gold
9%
—
common
Jun
110
597
15%
25
__
_
15
Jan
26
Gold
Gold
26%
common
Breweries
25
«*•»
Heat & Power Cons—
Jan
98
126% 127
*
A)__
6
42
Ltd
Ltd
Mines
Mines
Wilans
Francoeur
♦
100
Mont Light
Paint
Corp
Gold
Cadillac
100
108% 108%
__
__
Massey-Harris
Murphy
13
22 %
•
Montreal
Feb
36%
*
__
(John
10
Copper
23%
100
_____
Woods common—
& Sons
55
Aldermac
36%
*
common
—
12
Jan
Candn ' Malartic
corn—•
Ltd
Co
___
Preferred
Lang
*
of Canada
Power
Preferred
Lake of the
5
common
Corp
Bronze
July
■
St
Lawrence
Class
St
St.
•
Corp common.—__i.
preferred—.
A
Flour
Lawrence
Mills
3%
1,865
18%
1,270
11%
Feb
18%
33
25
'24 .:
Feb
33
-
44%
45%
343
32%
Feb
18%
18%
18%
961
16% Mar
imm
Paper preferred— —100
Williams
3%
16%
32
■
..
common
Shawinigan Water & Power
Sherwin
3%
50
—.
Lawrence
•
45
H
of
Canada
16
com
Co
of
Power
United
Canada
u"
*
"
common
._
Tobacco
Corp
Ltd
Winnipeg
Woods
Zellers
*
5%
56%
57%
18%
6%
7
*
—
'
57
60
17%
—
i_ —100
common
■■
152
90
—
Mfg preferred
Ltd
7
_
:
76
18%
V
——
common
68%
5%
y
_
11
151%
«
*
_
11
76
--
Electric
Preferred
'
68
—
preferred_i:__l'_i.-100
-•
Steel
68
25
Wabasso Cotton
Wilsils
85
10
13% Mar
114
Canadian
16%
Feb
124
'
»
__i
Preferred
Tuckett
16%
116% 116%
■
Canada
Toronto Stock
47
19%
Exchange
Funds
July 24 to July 30 both inclusive, compiled from official sales lists
Preferred
Southern
Steel
1*75 Jan
12
10% Mar
11%
Friday
Jun
:y
Last
>
Jun,
126
59%
Jan
72
66%
Jan
76
Apr
?
Sale Price
Apr
50
STOCKS—
10
1,000
325
Par
Abitlbi
6%
151% July
4% "Jan
47
156
6
May
25
17%
Jan
58
Jan
2%
21
so
59
18
315
Apr
A,lax
Jun
19%
-
:
8Ve
Jan
Feb
90
13
Jan
18
Paper
&
1
Pacific
Oils—;
Cons
'
.
.
Commerce
Montreal
—100
1.55
1
Ltd
Co.
15c
16c
3%
1,715
70c
Jan
4% July
23
25
4,960
5
Jan
29% July
12c
3,000
6c
Jan
1.40
Jy.60
19.050
14 %c
16c
2,500
15c 16 %c
8,925
Canada
10%
11
975
88%
88%
50
♦
common
of
5%
pfd-100
16
129
Jan
156
155% 156
21
]47
Jan
—1—100
254
252
254
20
223
Jan
Canada—,
100
140
28
132
Jan
pf).
Royal Bank
For
of
footnotes
6ee
page 479.
137
140
•
138%
Jun
Arjon
114%
101%
114
117
101 % 101%
254% May
Apr
141
13 %c
9c
9c
Jan
Jan
Jan
8% Mar
81
May
Gold
Mines—
Mines
Jun
102%
Jan
84 %c
Jun
Jan
4.60
33c
July
July
July
53c
Apr
Jan
4.50
4.50
4.50
446
62c
58c
68c
7,700
20c
25c
33c
989.500
22c
Jun
35c
43c
7,500
35c
July
4c
4%c
7,000
3c
May
8%C 117%C
60,250
2%c
Jan
30%c
40c
Ashley Gold Mining
1
4c
Astoria Quebec Mines
1
9%c
Jun
July
47c
5,550
1
11
88% July
133% Mar
106
78c
*
20c
Jun
100 Va
75c
Gold
Feb
1.60 July
17c
260
75c
_*
__v
14c
315
*
Porcupine
Gold
Armistice
Range Since January 1
Low
High
High
*
common
Anglo Canadian
Aquarius
137
100
'
(Bank
Nova Scotia
Shares
100
Anglo Huronian
1 yf'i
'
Sales
for Week
2%
'
Banks—
•
11c
*
Aldermac Copper
Algoma Steel Corp
Aluminum
24
*
Gas Co
Oil &
Aluminium
July
July
2%
Oil
Range
Low
*
100
common
Preferred
63%
65
&
preferred
Gas
Alberta
2,938
130
Acme
Power
Week's
of Prices
3.00
Feb
68c
Feb
5%c July
12 %c
Jun
THE COMMERCIAL &
Last
Range Since January 1
Shares
of Prices
Sale Price
Low
3.00
Jan
1.35
50,233
Pa
3.00 July
1
2.90
1
16c
16c
17c
Bagamac Mines
Bankfield Consolidated
6,550
13c
10 Vic
15c
46,500
157
157
5
150
Feb
161
Jun
250
250
20
235
Feb
253
July
Home
40
July
Homestead
of
Bank
Montreal
of
Bank
Toronto
—
preferred
Barkers Bread
Mining
Base
Metals
Bear
Exploration
Radium
&
Ltd
Beattie Gold Mines
Beatty Bros class A
Bell
—1
100
100
50
*
—1
1
Mines
Mines
Berens River
—
American Oil
Columbia Packers Ltd
British Columbia Power class
British Dominion Oil
Broulam Porcupine Mines, Ltd
Oil
Bread
Permanent Mortgage
July
Inspiration Mining
11% July
25 Vi
179
23%
Jan
25% July
24%
26 Vi
3,535
14Vi
Jan
28 %
Jun
22 '/a
1,146
17%
Jan
22%
Jun
23
24
775
17%
July
Preferred
45
23'/a
Apr
Feb
26
29
29
July
International
Jan
International
54
July
65c
9 VeC
13c
Feb
3.35
3.75
3,398
1.60
Jan
15,000
3Vic
Jan
5 Vic
2%C
16 Vi
970
13
2 Tic
500
IVic July
11%
1.61
1.70
3,850
28c
28c
31c
5,900
6%
6%
6%
451
105
105
48
48
35
1st preferred
Convertible preferred
Canadian Celanese
Aircraft
——
■■
-
Preferred
—
Preferred
East
125
6%
Feb
12
July
55
79 Vi
Jan
93
Jun
Jan
150
Jun
Malartic Mines
Easy Washing
Eldorado Gold
common
Ford Co of Canada class A
Petroleum
Foundation
Gatineau
Co
Power
May
Macassa
65
July
July
July
19
220
4%
5
375
Jan
6
85
66
Jan
87
July
140
77
129
Jan
140
t c——
Great Lakes Paper com v
Preferred
v
t
c
Common
Preferred
Great West Saddlery
Preferred
common—
.——
Mar
Gold
Mines
310
1,035
22%
225
19
Jan
23
585
10 Vi
Jan
14
Lime
Gypsum
<te
Alabastine
Hallnor Mines
Hamilton
Hard
Fnr
Bridge Co
Rock
Harker
Gold
Ltd
480
Jan
footnotes
100
133
Feb
19
300
15
Jan
5
22
Jan
30%
5%
5%
225
5
5
25
5
July
10
Jan
21
22 Vi
30
52c
60c
9,600
22
22
3%
125
11%
12 Vi
18 %
page
479.
Jan
Mar
Jan
15
15%
6%c
5c
7c
13
12%
3%c
2%c
-1
1.08
1.03
•
85c
79 %c
22
21%
Gold
Leaf Milling
Preferred
McKenzie
Gold
Graham
Jun
5%
Mining
July
60 %c
Jan
88c
67,800
67c
Jun
22
418
19 %
Feb
22
21%
60
18
Apr
21% July
8,650
2.65
2.35
2.70
Jun
Jan
2.30
1.51 Mar
Jan
70c
163,295
1.65
6%
6%
5
4%
Apr
Jan
~7
7
7%
635
4%
Jan
15
*
•
14%
15 %
1,025
10%
Jan
Feb
1.10 July
Jan
1.00
Jun
4.00
July
2.22 July
1.45'July
2.70 July
7
Apr
9%
Jun
17
Jun
9
9%
I,357
5%
Jan
10
July
21
21%
2,585
14%
Jan
22
July
9
9%
9%
700
Natl Grocers common
9c
23,971
5
450
6 Vic July
2% Mar
12
13%
17C
July
47c
May
Jan
Jun
July
Jan
1.40 July
2.00
9%
Jan
Mar
23c
2,100
20c
800
80c
1.30
II,591
85c
46%
715
Oil
Feb
1.20
45
45%
Mar:'
Jan ?
37 Vi
Jan
129
129
34
123
Jan
24
24%
60
21
Feb
1.00
1.25
2,125
4%
4%
40
20c 21 Vic
29,500
4c
4 Vic
1,500
35%
36
490
104%
107
25%
May
1 Vi Mar
10c
Jan
3c
July
1.30 July
46 Vi
131
25 ;
24c
99% Mar
107
25%
Mines
Porcupine
Pamour
Partanen
31%
31%
5
22
Jan
32
July
9%
9%
10%
1,585
8 Vi
Mar
10
10
10%
590
5Vi
Jan
11% July
10 Vi
July
July
Powell
700
6%
Jan
6%
125
2%
Jan
13
13
80
8%
Jan
14% July
9c
7c
9c
20,000
4c
Jan
10c
19c
17 %C
20c
86,350
4%c
Jan
21 %c
1.60
1.50
1.65
83,400
1.09
Feb
Vic
5 Vic
29,050
4
5
5%
1.00
23%
1,452
16%
16%
100
Julv
32% Mar
Mar
Jan
Jan
75c
Jun
19%
Jan
14% July
33c
28 %c
33c
5,700
18c
May
10%
10%
10%
150
8
Mar
93
92
93
85
77
Jan
.
7
July
3%
650
24
July
1.65 July
1.27 July
2Vic
55
1.00
Mar
Apr
21
Jun
4.80
28
July
5%c
Jun
6%
Jun
1.00 May
24
July
16% July
34c
July
11% July
100
July
99
99
10
85
May
100% July
12
—
12%
365
8
Feb
13% Jun
9c
6c
:
13,800
Jan
3c
lc
May
9c
July
4%c
Jun
3c
2%c
3c
5,000
20c
18 %C
21c
27,700
12%c
Jan
13%c 15 Vic
18,500
10c
Apr
6 Vic
23,000
3c
Jan
July
6%c Feb
89
20
62
Jan
95
51% Jan
5C
:
89
~
.
56
56
10
7%c
7 Vic
500
6
>
6
1,000
22
6
22%
625
5c
3
14%
3
May
May
Feb
6%
575
21
22
350
5%
5
3%
Jan
32%
32%
25
26Vi
Jan
12
12
226
10%
Feb
3c
3c
1,000
16c 17 %C
13,700
7%
7%
615
29 Vic Mar
19c
July
16 Vi May
55%
July
Jun
7 Vic July
6% July
23
July
6Ti July
23
5Ti
35
July
Gold
48%
3,663
5%c
5%c
4c
Jan
7Vic Mar
Jan
17%c July
2
74c
May
3,500
20c
Apr
100
4%
4%
4%
200
99c
1.10
36,700
66c
40c
60c
1,900
185,062
8%c
Jan
5c
5%c
290,»00
4 %c
July
11 Vic Jan
4%
150
2%
4% July
5%c
Apr
4%c May
5
4c
Jan
7%
Feb
7Vic
Jun
Jun
2.50
Jan
4%
Jan
8
Jun
Mar
69c
July
9,500
6c
26,200
40c
500
10
<-
24 %c
34c
92c
1.05
12,800
1.83
1.95
16,735
2.02
2.10
1,575
,83C
90c
6,900
10%
130
1.00
99c
1.05
4,950
215
2.20
2.35
55,800
21c
5,000
54c
55c
II,275
100
40c
2c
Apr
3.75 July
3Vic
Feb
Steep
Rock
Sterling
1.72
31c
Jan
58c
Jun
25c
Jan
35c
Mar
501
21 %
Jan
130
16,400
200
17
18%
2,162
3.20
3.60
Feb
25c
Apr
5c
July
2.35 July
Mar
20c
3 %c
3%
2c
22
May
Jan
152
Jan
9%c Apr
Jun
25
8c
July
26 % July
205
July
Feb
6c
2c
Jan
1%
Jan
— 3% July
Mar
18% July
12
26,832
1.86
4c
5c
8,000
2%c
37c
49c
217,300
Jan
Jan
3.60 July
9%c Jun
Mar
49 Vic
July
16% Mar
19%
Jun
18c
19
225
1.00
1.00
1.03
99 %c
97c
1.03
7.40
7.75
3,515
36,595
1,472
8%
8%
189
8
Mar
—, 9
19%
19%
15
10
Feb
20
10
11%
35
3%
Jau
12% July
101 101 %
25
86%
Jan
102% Jun
8%-
100
46c"
59c V
42c
48c
19,675
52,400
Mar
60c
July
29c
Jan
48c
July
Jan
10
Jan
19
19
3
40
n
1,100
22
22
67
69
310
76
76
76
40
2.28
2.27
2.55
77,835
3%
21
14c
15c
2,700
2.26
3%C
39c
1,000
31c
22
—
Jun
Jun
67
.
Jun
•
July
July
2%
2.35
3 Vic
3%c
1,100
2,200
3%
7.75 July
35c
1,285
—50
15c
Jan
Jun
5
3%
5.15
20c
5
—
1.04 July
8c
7c
19
-—100
Jan
3%c Jan
2%
—
67c
9,500
6 %C
30c
—25
1.05 Mar
3%c
6%C
common
Jan
2%C —4,000
2c
_——
85c
1%C Mar
2C
Co
,,
55c
57c
~
*——
Jan
9
7.75
-30
Minds—
Mines
Jan
45
205
Petroleum-
Contact
July
4
1.05 July
18%
—;
Sturgeon
Sud
July
11
46c
;«———
Iron Mines
90c
Jan
Jan
5c
——
River Gold.—
Sudbury Basin Mines
Apr
6
31,800
200
Jun
58c
52c
8c
4%C
Jan
2.15
6c
25%
July
1.05
Jan
30c
200
4%c Feb
1.25
24%
26
5%c July
34c
1.95 July
3%c
4,500
Jun
1.28 May
30c
3%
——
Jun
74c
3%C
4 Vic
Mines—J—
Coal
7Vic May
24%
—
—-r-<
Canada
1.10 July
Jun
—-
Feb
9c
Jan
May
—
July
57c
2c
3.35
May
21,689
3c
——5
72c
60c
101% July
5,166
25%
July
1.10 July
45Vic
28,000
194,400
8C
4 Vi
Jan
4c
30c
1.75 Juiy
Jan
5c
3%c
July
35c
88 %
5c
55c
Bros—
of
Jan
3%c
common
Preferred
Mar
38c
3 Tic
2.26
Mines
Petroleum
61c
1.10
,
i
Lake Gold
Apr
3% May
95c
.
preferred——10
Corp
1.00
22c
8%
l,
Malartic -Mines
Co
July
1.10 July
32,325
V—A*'
Preferred
Steel
4c
35c
96c
20c
——
Southwest
Jan
10
Sigma Mines —iJSilverwoods preferred
End
2%c
1.95
Ltd—
Water & Power.
Sheep Creek Gold Mines—i
Sherritt-Gordon Gold Mines
South
2,000
1.05
Shawinigan
Slave
4c
1.75
Gold Mines
Gold
8.%c Feb
2.07
Senator Rouyn,
Siscoe
Jan
95c
River Gold Mining.—
Sladen
3%c
31c
—
Class B
Apr
2,000
25c
Antonio Gold Mines Ltd
Sand
48 %
1.75
—
Class A
San
Jun
Jan
96c
————_————
Industries
Lawrence
Jan
40
1.05
1.05
Mines
Royalite Oil
St
July
50c
1.70
88c
Lac Gold
St Anthony
61% July
161
Jan
,
Gold Mines
Russell
Jan
1.75
Mines
Dome
Riverside Silk
Long
Jon
Feb
35c
1.03
Queenston Gold Mines
Reeves-Macdonald Mines
Roche
July
47%
Quebec Gold Mining
Reno
Jun
11c
20% Juiy
5
Pressed Metals of America
Stedman
Vic
ll%c
190
69,239
61%
27%
Jan
12
48%
Gold
Rouyn
Standard Radio
1,725
69c
10
Apr
*
Corp of Canada
Premier Gold Mining Co—
12% Mar
52,000
3 Vic
20%
Jan
6c
1,500
Materials corn-
7%
61c
20 %
July
9% July
*
Mines—
East
Jon
Jun
1.75
25%
1.65
Standard Paving &
3.75
3 %c
7,500
1.51
May
4 Tic
66c
15
11c
43c
Co
4c
3%c
9%
27%
10c
Power
Preston
Mar
655
9%
27%
9%
1.60
Standard Chemical
%
6
48 Vi July
%
38
Jun
350
4 ViC
Jan
25c
Simpsons Ltd class A——————
5%
5%
22
44
300
125
Gold Mines of B C
Pioneer
8
9%
6%
875
920
1.75
1
Gold Mines.,———
Malartic
Pickle-Crow
10
8%
28
48%
Mines
Gold
Cadillac
Gold
Perron
Jun
13
27%
47%
■
6%
Jan
May
27
1,045
'
3.10
July
40c
Jan
13.900
Paymaster Cons Mines Ltd
20
28c
Jan
24%
10 %c
Ltd
Pandora
July
10
Feb
28c
35
40c
July
792
22c
21,830
101% 101%
30
4.45
5,000
36c
26%
25c
5 %C
167
20 Vi
25c
33c
1.60
47%
Tubes
Page-Hersey
1.22
26%
25c
preferred
Jan
4.40
2.17 July
Ltd
Oils
Jan
20%
Jan
Petroleums
Jan
J,
18,785
4%
18%
4.45
2.15
55c
20%
Jan
1.94
1.97
5%c
142 Vi
3%
9% July
66C
31
80c
Feb
-
905
6
8%
4
.
235
34,050
July
8%
215
160
:
28
5%
22c
44c
Ltd
166
1.27
Jan
35c
166
5%
11c
58
common--
25%
1.08
July
56,600
Nickel
Pacific
Apr
7c
22c
Gold Mines—,
Facalta
July
July
Apr
16c
21c
160
Ltd
Mines
Gold
Oils
Orange Crush
Apr
July
5c
5c
1
Oil
Star
Ontario
July
4 Tic
36
1 %c May
500
Mines
Omega
4% July
83c
33,500
1
Corp
Okalta
1.25 July
33,950
5c
*
Mining
O'Brien
Apr
1.20
6%c
41C
—
Preferred
July
July
•
1.10
—5
Canada
North
Jan
1.20 July
6%c
58
Mines
Norgold
Apr
1
Northern
Apr
Jan
25%
30
24 Vi
50c
1.25
Feb
56
2%C
*
Normetal
1.01
11c
Feb
109
Noranda Mines
Nordon
Jan
47
1.17
class A—:—*
Co
Mines —
Nipissing Mines —
Jun
27c
Trust
Negus
July
20c
Jan
16c
1.08
13%
Cv.ip
National Steel Car
National
Jan
5%c
745
34 %c
*
20
.-25c
—
National Sewer Pipe
Jan
92%
2,000
53%
*
common.-
—.
Petroleum
National
2.14 July
2.65
75c
1,500
23c
—
5
65c
605
17c
Apr
10%e
540
1.35
11c
Preferred
102% July
20
8 %c
53
4%C
1
*
*
& Power—
Light Heat
9% July
102 102%
1
——
Jan
6
7%c
53%
*
*
Moore
1.59 July
1,700
1
1
1
*
;~s
Porcupine
Montreal
1.35 July
Jan
1.00
140,250
_*
5
of Canada
Corp
Moneta
Corp common
Muirheads Cafeterias
Jan
27c
*
100
—
Mines
Feb
Jan
2.14
Gold
Feb
54c
39,375
*
1.10
96,100
Mines—
19Vi
95c
1.40
17 %c
3Vic Jun
57,200
•
20
Mines
12Ti July
1,000
2.35
50
13% July
Jan
1.45
Mines.
Apr
22,900
1.28
-'
Jan
lc
2.22
Oils Ltd
Model
23% July
5
5%
9%
4.00
Mercury Mills Ltd
Jun
60c
Lake
Red
McWatters
Jun
5%
26
15,200
1.68
22
675
1
—
McVittie
1.59
•
6c
July
74,000
44,550
1.25
Segur
McLellan
Jun
31
1.35
2.25
.
5.90 July
3%c
1.95
Exploration—.
Mclntyre Porcupine Mines
McDougall
Feb
*
15 %c
16% July
58
21
10
McColl Frontenac Oil common—-
Jun
19
1.20
2.25
—
Jan
May
13%
3.50
_
July
138%
8c
—
Jan
3.65
9%c
1.42
Mines
10%
1.26 July
3%c
2.10
common
Preferred
July
1.35
24c
—
July
8.15 July
29,600
3.90
common—
Vi
7
100
8%c
24
Feb
2c
14
15% July
1
—^—
Massey-narris
UTi July
1.41
5%C
Jan
3%c July
13 % May
1
-
Fields—
Gold
Preferred
9Ti July
1.19
1.15
Jan
4.75
54
_1
Ltd
16%
15,044
18%
36c
1
see
Jan
38%
18%
1
Mines
Gold
Maple
'
37%
38%
1
1
—*
Halliwell Gold Mines
15%
•
Lake
Red
Malartic
July
36%
26 %
Jan
%c
10
•/-
Jun
July
13%
6Vi
27%
1
Ltd
2,188
58
;
Mines.
Madsen
July
42
42
9%
36%
50
—*
*
*
*
V
*
1,450
5.90
Maple Leaf Gardens preferred
4Ti July
22%
Greening Wire Co——
——*
Grull Wihksne Gold Mines-.—
•*
Gunnar
Class B
Jun
86%
Rubber of Can com—*
_
Loblaw
23,720
16%
MacLeod-CocKshutt Gold Mines
19
107
205
54
A
38
Ltd———*
Mines
Grandoro
class
Groceterias
Jan
21c
14,000
14
5.25
,
Jan
35%
l%c
13
15%
Mines Ltd
19
5%
Goodyear Tire &
Preferred
l%c
•
Gold Mines. Ltd
Leitch
37% July
preferred
—
100
5% %
preferred ——
—100
General Steel Wares
*
Gillies Lake-Porcupine Gold Mines—_1
Glenora Gold Mines
1
God's Lake Mines Ltd
*
Goldale Mines Ltd
1
Golden Gate Mining
1
i%c
13%
3
59
31
:
l%c May
Candy—.
31%
7% Mar
common--—.—*
6,500
Mines Ltd
5
*
Gold Mines
Francoeur
Secord
Oro
760
*
—
3%c
1
65
*
Aircraft Ltd
Fleury-Bissell
3%c
Mines-
Gold
36 %
*
Fleet
3%c
*
33%
27% Mar
—*
1
——1
1
-
Little Long Lac Gold
Jun
110
—*
July
—100
Banking & Loan Co
14 Vi
180
1
Mines
English Electric class A
Falconbridge Nickel Mines—
Fanny Farmer Candv Shops—.
Federal Kirkland Mining
24c
a
Jan
11%
*
Machine Co__!
Jan
-
8%
30%
*
1
Oil
Crest
Eastern
13c
1
Mines
Cadillac
92
10
1
8,772
Ltd
Mines,
5
-20
—
Mining Co
Duquesne
Shore
Lake
Lamaque Gold
Landed
llVi
30
Chemical common...*
Worsteds com—*
24c
16
13%
Dominion Woollens &
20c
1
8% July
190
Stores
Dominion Tar &
Feb
23c
Mar
Lebel
Dominion
Dominion
10c
July
10
Bank
100
Dominion Foundries & Steel com
"
Dominion Scottish Invest 5%
pfd_—50
Dominion Steel class B
2a
60c
Mar
40c
Laura
*
Mines
Dome
13
May
6c
75
88c
Jun
'
—1
*
100
Mar
20c
13,700
Jan
41
*
Mines Ltd—.
Distillers Corp—Seagrams common
Nickel
Denison
6
1,300
8c
Jan
9%
—*
Dairy Corp common
Petroleum —
Davi'es
12
30c
6%c
May
July
129
July
12
25c
8c
12
40c
41
1.23
July
July
30c
Mines—
135
——
Apr
24
55c
43
2.05
158
20c
Jun
1.50
July
Jan
17
900
Feb
11%
158
18,600
137
100
*
*:■
(Toronto)—
Imperial Mills
3,930
Bay Mines.
Mining
13%
—*
Smelting
Consolidated
100
23%
36,240
26
"
Consumers Gas
158
22%
1.14
85%
—*
5
158
23
99c
36%
59c
39%
1.10
10
—
97% July
Jan
158
*
12%
■''
Jan
33
1
25
Jan
Jan
90
Lake Dufault Mines Ltd
6% July
35
28
90
5
3,180
88c
41
2,020
25
37%
26c
24%
4%
July
100
97%
36
70c
Lapa
3%
100
99
97%
7.45
July
Jan
July
,23c
July
1.35
July
17
85c
May
2Vi
45c
7.85
27
19
Mar
24 %C
Apr
19
Feb
26c
1
1.00
Mines
Coniaurum
Jan
_1
65
5
10%
12%
l
20
Castle-Trethewey Mines
Mines Ltd—————
95
Mar
_1
Gold
Hudson
120
Canadian
Commonwealth Petroleum
8,600
16
Canada—
Lang & Sons
"A"—
————
45c
15
-
Kerr-Addison
July
'
Commoil Ltd
39c
45c
Jun
10
1
13
Gold Mines—
Central Porcupine Mines
Chateau Gai Wines—
Chemical Research
Chesterville Larder Lake Gold Mines—
Chromium M & S Corp Ltd—
Cociienour Willans Gold Mines
Cockshutt Plow Co
725
l*
34%
Pat
12%
36%
A
134
2
A—
12%
17% July
Jan
Kirkland Lake Gold
106
.
Wirebound Boxes class
Gold Quartz Mng. —:
12%
11%
Kirkland
Jan
30%
Canadian
7,920
Jun
91
Co Ltd
Gold Mines——
17
175%
Jun
1.75
35c
11 Vi
Oil Co's Ltd commonCanadian Pacific Rv
16%
Jan
157
8.15
35
Canadian Locomotive
16%
—;
of
92
4%
July
5
_l
class
Kelvinator
50
124
July
12
175
•
Mines
25
Class B
Canadian Malartic
Jellico
105
.
Dock—
Canadian Food Products
Can.
Industrial Alcohol class
Mines
8 Vi
—10"
—
Jason
8
23
16% Mar
70
7%
55
•
J M Cons Gold Mines—
105
Jan
Jan
Jan
8V/2 .Apr
10
175
100
Co
Mar
Jun
4%
July
32 % Mar
10
1
•
Feb
28c
Jan
1
Utilities
Mining
July
30
common
Preferred
Cub
40
6c
Jan
50
Petroleum
3c
May
102';,'
30
Apr
26%
-
12
B
Waite
105
Canadian Dredge &
Cosmo3
Feb
3c
17 %c
2,610
100
16 Vi
*
Preferred
Coniagas
3
17,300
19,600
32
70
common—
Jun
25
Co Ltd com
Canadian Car & F'dry
Central
Jan
Jan
be
28c
30%
:_5/100
Nickel
9c
11 Vi May
5c
24 %c
-</,
*
preferred——.
8
-*
20
*
•
common
5%
Cariboo
Feb
1.15
21c
4.00 July
Class
Jack
4.10 July
12%
A
*
A
160
Preferred
Canners
Class
Jan
12
•
5
common
Freferred
105
50
A—*
Class
*
Canadian Bakeries Ltd common
*
Preferred —————100
Canadian Bank of Commerce——100
Canadian Breweries common
•
Canadian
9Vi
225
10%
1.61
Cable Co Ltd cl
&
Mar
16
2%c
16V4
*
Steamship Lines common
Wire
.
2.65
70
& Develop Co
Metal
International
July
8%c
Preferred
Canada
20c
Jan
41
Packers Ltd-
Canada
Jan
7.40
Jan
*
*
10!)
Power Corp—
Northern
Canada
Can
9 Vic
International
11% July
.100
—
I,510
—
Canada
paid
11,400
Mar
23,283
Jan
100
100
Imperial Bank;——
20c
19%
3.95
8.50
32
common
11 Vi
4%c
3.60
16 % July
12%
Mortgage
11
Malting Co—
Canada
Erie
&
19c
46c
1,810
Ltd class A—
Mar
2,000
11%
5c
12c
86,450
10%
Mar
14
26c
Jan
84,557
265
Gas—
8c
*
class A
&
18,300
54
Feb
16%
Mines
553,245
65c
1°°
Class B
60c
48
Canada Cement common
Canada Foundry
Jan
57c
50
Preferred
9Vic
July
July
Oil
60c
46c
100
;
20%
95c
Mar
17c
Bay. Mining & Smelting
9%C 10 Vic
3.70
*
•
-
Huron
53
J
—
B
Class
Hunts
Jun
64c
common
Class A
Jun
July
Jun
1,165
47c
Jan
3.70
Imperial Oil
Imperial Tobacco ordinary
v
6 ViC
Corp Ltd
1.35
19 Vi
155
Jan
July
10c
11%
—
Gold
Howey
Hudson
70c
196
V,
Oil
29
*
Burlington Steel
Canada
95c
24
*
Products Ltd
Extension Minos
Hill
Calgary & Edmonton
Calmont Oils Ltd—
155
85c
Feb
15
38c
i.auO
*"•/ 16
Hollinger Consolidated Gold Mines
Jun
140%
1,500
13C
Dauch Paper
&
Hinde
22
Ankerite Gold Mines
Buffalo Canadian Gold Mines
Building
153%
25%
Buffalo
Bunker
Apr
300
20c
A——*
*
1
"
Corp
70c
48,275
British
Brown
49Vic
1.32
11%
—-
British
16Vic July
Jan
19 Vi
9%C
—25
com—*
*
Cordage preferredTraction Light <Si Pwr
Brazilian
Apr
10c
1.14
59 c
1
Brantford
Feb
8Vic
42c
Oils
Highwood-Scarcee
High
Low
38c
13c
25%
Bob]o
Bonetal
Mines Ltd
Gold Mines
Bralorne
Mines, Ltd—
21
19
1
1
Gold
Bidgood Kirkland
40
84,800
37 Vic
85c
July
15c
50,000
4Cc
154%
May
ViC
43c
30
10 Vic 16
1.32
100
1
Jan
4c
32
32
15c
—*
;
Canada—
Telephone of
157
8Tic
19 Vic July
Range Since January 1
Shares
High
Low
Hedley Mascot Gold Mines
Ltd
Mines
Gold
Aunor
Sales
for Week
•Range
of Prices
Sale Price
STOCKS—
High
Low
High
2.73
Par
Last
for Week
Range
Week's
Friday
Sales
Week's
Friday
STOCKS—
Monday, August 2, 1943
FINANCIAL CHRONICLE
1.10
Jan
3
Jun
5
July
17
Jan
22
July
59%
Jan
73
Apr
66
Jan
76%
Apr
4% Mar
1.51
Jan
2.57 July
4%
Feb
3
Mar
10c
Jan
15c
Jan
2.35 July
1.46
2 %c
Jun
4c
July
Jan
Volume
Number 4199
158
THE COMMERCIAL & FINANCIAL
Friday
V
-V
.
STOCKS—
Last
Cons
Sylvanite
Tamblyn
Ltd
—
Ltd
Mines.
Toronto Elevator
Low
High
84c
89c
6,900
1.98
1.85
2.10
5,450
80c
United
of
—
29
Class
Class
$500
July
23'A
Jan
30
Mar
Apr
68
Jun
Jan
86
8
9
25'A
10c
Jun
18c
Apr
74c
2,463
6
Jan
9
26
100
22
May
26
;7%
Jan
16
60
32'A
Jan
37
Ltd.,
&
5'A
100
3%
Jan
4%
Jan
Mines
Ltd...
Western Canada Flour
590
1.57
1.70
46,750
6.50
20c
22c-
6
9'Ac
Canada Bud
21'A
Jun
Canada
Jun
19c
Jan
24c
:
3
Jan
8
8%
Paper Corp..
•
5%
6%
Consolidated
100
5,445
Press
6
a
15
45c
5,750
91
Jun
17
July
Foothills
102
July
Osisko
July
Pend
—*
6%
6%
•7%
1,520
100
—
57 'A
56
57'A
285
Jan
1%C May
3 'A
5c
Apr
Dominion
8'A July
Jan
20
Co
Co____
class
62'A July
•
Bridge Co
Oil
&
Lake
Metals
Mining Co
Walkerville Brewery
Jan
Jan
a0
3 % May
Jan
1.80
3
Jan
3
Mar
6
29c
July
41c
31
75
1.60
5,110
15c
14 Vic
17c
11,000
1.60
1.75
4,250
1.05
Jan
1.90
7c
8c
5,000
5'Ac
Jan
10c
1.50
1.50
25
1.65
1
*
1.50
Jan
47c
25'A
Jan
31
78c
Jan
7y4c Apr
Feb
6'A July
31
1
Temiskaming
'
1.50
1
&
6Vi
85c
41c
*
Mines
Mines
;
1 Vic July
11'/a July
8% July
Feb
1.55
*
Gas...
Oreille
5'A
A___
Dalhousie Oil Co/Ltti———
Jan
94
Marconi
High
Vic Mar
1,050
Feb
10
Feb
6
10
2>A
12
21,700
8%
1.45
40
5c
25
2
101
102
1,000
1.45
210
102
•
I Vic
II Vi
5
17
—
Low
lc
llVi
__1
84
3'Ac
•
1
45
Range Since January 1
Consolidated
Jun
4%c
..100
...
Wiltsey-Coghlan Mines,—
Winnipeg Electric common
Shares
High,
Ltd
81
82
.
Feb
for Week
of Prices
Low
Breweries
Copper
16'A
,.100
26
■' 'Sales
Range
Sale Price
1
—.
Vinegars Ltd.
Canadian
Mar
650
1,500
7
Trethewey Mines
Jan
19
21c
Brett
Coast
30
:
Par
29c
21
%
Apr
6.90 July
Jan
3.40
Last
.
5.50 July
56%' May
47
>
"'■Friday' '■.Week's''
>
iP
•
Jan
595
21c
.
10Vic May
Exchange-Curb Section
,
STOCKS—
Jan
14,046
55
'
Mar
■
Anr
j, ,,
Canadian Funds
July 24 to July 30 both Inclusive, compiled from official sales lists
1.70 July
Jan
5.50
6%
....
common..
4.40
5,751
105,600
55
•
common
Preferred
;
Toronto Stock
5'A July
Jan
5.20
55
1
6.90
95c
20%
5.40
*
com
5%
21V2c
-
j.
Worts
;;
...
Feb
5'A
1
Mines,
6s
Jun
1,105
6.55
4.20
;
BONDS—
Uchi
Feb
35c
.
15
•
High,
Jan
8c
Feb
35%
1.70
2.50
77'A July
68
8%
•
Preferred
34
3.20
82c
14%
Preferred
Preferred
34
July
Jan
Jan
33'A
Oils
Ltd
2,000
50
;
Walker-Gooderham
Westons
1,448
9Vic
4
5%
Gold
3.60
9Vic
___25
Ventures, Ltd.
Wendigo
13
3.35
9 Vic
81
3,400
1
Low
3.40
*
Yankee Girl Gold
July
July
July
Upper Canada Mines Ltd
Range Since January I
High
Ymir
61c
22,400
'
United Steel
Waiie-Amulet
Jan
1.85
Low
July
235
25 'A
„
Vermilata
10'A
2.10
75
67c
*
A
B
Jan
Par
Shares
*
30
58C
59'Ac
for Week
of Prices
Wright-Hargreaves Mines
80
4'Ac 15'Ac
15'Ac
*
Sales
Range
Sale Price
"
■
July
75
15
class
%
89c
80
B
Fuel
195
STOCKS—
High
Jan
1.38
7,600
75
...1
Canada
65c
7,635
82c
*
..100
Corps class A
United
3.20
75c
■>
—.50
Towagmac Exploration Co
Transcontinental Resources
Co
13
3.10
3.15
common—.
Toronto Mortgage Co
Low
12%
1
—1
_
Toronto General Trust..
Union Gas
Range Since January 1
:
Week's
Last
Shares
89c
*
common
Teck-Hughes Gold Mines
Toburn Gold Mines
Friday
for Week
1
Mines:
Gold
Ranee
1
Par
i
Sullivan
479
Week's Range
of Prices
Sale Price
CHRONICLE
Jun
July
1.75
;
•
19c
1.25 Mar
Jun
Jun
Jun
July
1.50 July
OVER-THE-COUNTER MARKETS
Quotations for Friday July 30
Investing Companies
Par
Aeronautical Securities
1
Affiliated Fund Inc
AAmerex
Holding
Bid
Corp
Axe-Houghton Fund Inc
Bankers
Nat
Basic
American
Fidelity & Casualty_5
American
of
Re-Insurance
Series
S-s
4.03
4.48
American
Reserve
10
American
Surety
25
59'/2
62
New
10
39%
42%
New
2Va
7'/a
8'A
New Hampshire
25
86 'A
l'A
New
3.61
16.15
17.37
Knickerbocker
28.98
Loomls Sayies
14.26
Loomis
15.64
3.05
3.75
27.86
/
29.96
9.73
10.53
35
Sayies Sec Fund
Common
146
Trust
37
City of New
10
10.50
11.40
Natlon-Wide
2.63
30
■
priced stock
Bond
series
3.60
1.24
1.36
1
6.72
7.26
2.86
3.22
New York
20.74
1.19
1.31
19.72
21.18
Fund—i.
-1
1
11.70
5.96
Fund Inc
Fidelity
•
Industrial Fund,
Trust Fund
Financial
Inc-
5.33
9.26
A—1
3.60
"4.15
20.39
.22.35
4.58
Trust
Foundation
Fundamental
Shares
Ino__
Invest
2
,
Fundamental Trust Shares A„2
B.
,
General
Capital Corp.
—31.02
Group Securities—
Agricultural
6.29
shares
5.42
Building shares—
6.92
stock—
-
North
Amer
Series
Trust
1
Plymouth Fund Inc__'
Putnam
(Geo)
Fund,
3.04
7.11
4.21
Steel ■ shares..—4.21
4.64
Tobacco shares-
3.97
4.60
St
Aviation
Securities
Group
5
•
Investment
Co
19.39
2.19
20.85
i 84
Trusteed
6.01
Bank of New
3.49
York-
100
9.11
4.04
6.14
1
Amer
AA
U
2.48
Home
14.86
l
4s
4s
1964-1944
3'As
First
38
Manufactures
47%
Corn
13.55
3s
1955-1945
100.11
0.60%
103
1
33%
53'A
78
83
36%
Trust—10
&
Exchange Bank & Trust.20
50
National
Bank
IOO
199
16'A
209
17%
46%
44%
76
1,450
80
1,490
National
New
25
Trust
Co
corn—20
,20
13%
311'A
3 2'A
14%
44'A
52%
35'A
47
54%
100
Trust
199
209
12'A
City Bank—
York
303 'A |
Ask
155
100 1 ,390
preferred
(J P) & Co Inc—
Morgan
—————100
Bank
Conv
—10
Bid
145
34
36
25
;
Public Nat'l Bank & Trust—17'A
Guarantee & Trust
12
Title
United States Trust
85%
89%
32
3 4'A
5
5%
100
1,195
Bid
Ask
-1973
102%
102%
1,240
Recent Bond Issues
'
v
Celotex
series
&
A
100%
101'/a
Public
101%
102
Puget Sound
Ohio &
___
-1968
_
tl%
Apr
1041
3
Feb
Other
Jan.
1,
1956-1946
105%
106 Vs
Mav
1.
1956-1946
108U
103%
U
U
S Conversion
20.43
-1953
Maturity—
1
15,
1943
104%
102'A
S
Conversion
PoTinnifl
nfinal
3s
3s..—
(Jacob)
Ruppert
South
107%
107%
1972
Carolina
107
107%
-1950
5s
Elec
&
104
•104%
104%
105 V*
Gas—
3%s
1972
15,
1943
-
Mar 15,
1944
15,
1944
15.
1944,
ISept.
15,
1
2%
2%
10
20'A
1944
1946
tDec
15.
1946
100.14
100.16
tSep
15,
1947
1945
—
100.12
100.27
100.29
99.31
100.1
t%s Nov 1, 1943
100.24
t%s Dec 1,
100.19
t%s Feb 1.
1944
99.26
99.28
t%s
1944—
%%
Rates quoted
are
Bid
b0.37
0.28%
12,
fi/r discount
1
—
—
b0.37
O30%
b0.37
0.32%
Oct.
1943
bO.37
0.32%
Oct.
Sept.
1943
bO.37
0.32%
Oct.
b0.37
0.32%
Oct.
1943
—
106
—
Sept.
Ask
bO.37
0.33%
bO.37
0.34%
bO.37
—
0.34%
0.34%
bO.37
1943—
1943
30,
7,
0.67%
Bills
1943—
16,
0.50%
0.61%
0.67%
purchase
Sept. 23 1943—
Aug. 26.
100.15
at
0.37%
b0.63
b0.69
b0.69
—
Bid
Sept.
Aug. 4, 1943
Aug.
1940
Apr
b0.42
bO.53
-
Ask
Treasury bills—
100.7
100.12
100.19
t%s May 1,1944
Aug. 19, 1943
1,1944
100.17
1943
100.17
United States Treasury
100.5
100.27
Indebtedness—
100.22
Ask
Corp—
100.2
l'A 7o
wi
of
%%
21%
15.1944
Certificates
%%
-
Ask
100
100.25
100.14
%
Rid
1
%
1%*5.
1 'A %
_
—
%
%%
,
1945
tDec. 15,
tMar 15,
100.1
-
1945
15,
Int. Rate
Maturity—
100.4
100.9
1
_
_
Ask
100.3
-
_
Bid
%
1
_
_
Jun
Sep
17.59
1
1%%
-
Dec
17.26
15.99
Int. Rate
Sep
7.82
15.79
-
bO.37
106%
Issues
3s
-.1973
Quotations For U. S. Treasury Notes
Housing Authority—
notes
(New Hampshire)
Pow & Lt—
Figures after decimal point represent one or more 32ds of a point
104%
3s
Service
Sept. 9, 1943
U
103
104%
104'A
101%
Pipe Line—
debs
Mar 15,
Finance
(Indiana)—
E
4'As
Detroit RR-
80c
tMar
Corp
series
25.38
1.70
—
Boston
Service
3'As series A
15'A
A
-
Co
Public
-1955
3%s
.-
72c
7.15
Shares
110
Cigar 3'As__ —1953
Corp
4ic
23.22
25c
•
& Pwr
109 »A
3'As
Panhandle Eastern
18.69
Fund
7s— .1978
(Del)
6.45
——l.25c
..
Ask
Bid
Co
5.64
——1
—
Bid
A
103%
104U
3s
10
Trust
Empire Trust
2%s
Ask
1%%
103 'A
_
100
_.
45%
Banks—
1955-1945
Guaranty Trust
36
&
3%s series D
2.19
Corporations
Bonds—
1946-1944
380
100
Lawyers Trust
2.28
1
i
Reconstruction
b0.75
368
Trust-
97
Investment Banking
A
1943
73'A
494
34%
Par
Fulton
93 'A
Consolidated
12.45
11.99
1,
Ask
20%
82.79
2.33
1
11.13
Oct.
Bank
-2.50
Kings County Trust
Penn
Amer Bank Shs—
S El Lt
1
Loan
%s
10
—
Fire
Irving Trust
Oil Shares—
B
91
Commodity Credit Corp—
Federal Land
50%
Guarantee
S
50%
Obligations Of Governmental Agencies
Federal
Bid
19'A
"6.79
14.00
1
Industry Shares
Bond
A Blair
100.9
U
Westchester
89
Armour &
77.04
•
;
C_
1.23
15,1945
46%
45%
.—100
9.94
B
24.10
Feb
36%
90.47
1
B
Series
1.12
Bid
102'A
84
10
.
Brooklyn Trust
3.84
88.67
Union Preferred Stock Fund—
22.17
tl%%
Co.—10
6.61
Shares
Class B—
Trusteed
America—10
Investors Fund C__
Manhattan
Bankers Trust
Continental
52c
2'/a
Wellington Fund
11.36
shares
of
1.55
Ltd—
Bank Group shares
Insurance Group shares
70'A
479
City Banks & Trust Cos,
Par
of the
Bank
Trust
1
Shares—
ASeries A
28c
1.42
<
New York
Chemical Bank
•
C
% ASeries
Inc
Incorporated Investors
Independence Trust Shares
Institutional
29%
98
Commercial National Bank &
14.09
:
D
Series
16c
27%
Accident
Central Hanover Bank & Trust 20
2.17
Investment Corp
ASeries
Union
1
10
5
8.38
13.10
Inc
Trustee Stand
4.38
4.17
10c
Fire
11.28
lOo
Inc Shares
ASeries
3.36
3.82
Fund
42
52%
38%
132
8.26
47c
Sovereign Investors
6pencer Trask Fund,
State
5.55
6.91
Holding Corp
5
.10
Hartford
First
Quarterly
6.44
5.04
Foundation
Fire™
American
126 Vu
9.24
l
10c
Fund——.
Republic Invest Fund
6.28
Common
25
308
5.97
Petroleum
Income
Falls
Scudder, Stevens & Clark
5.85
36%
_
Fire
Trustee Stand Invest Shs—
AHuron
10
298
50'A
Haven,
U S
2.05
1
6.04
——
Marine
Hanover
2.54
1956
5.49
-———
Springfield Fire & Marine.
&
-62'/a
Surety
Fidelity & Guaranty Co__2
2.60
Super Corp of
shares
2 l'A
Gibraltar Fire
Fire & Marine
Paul
Chase National Bank
♦
6.66
Utility
Security New
U S
shares
7.42
Mining shares
v'
Seaboard
51'A
25%
Standard
39'A
1953
6 05
>
St
30'A
48'A
19'A
23%
Travelers
Series: 1955———————-l'
"7.45
shares—
14%
28 V2
5
.'
7'A
27'A
..10
_
10%
6.50
6.77
RR Equipment shares
13%
5
Corp
Fire
44'A
7.01
6.89
Railroad
5
Newark
of
Fire
(Paul)
30%
5.90
6.99
_
shares—
Revere
2 5'A
9'A
6.36
-
Income
Merchandise shares
88'A
—10
28%
5.21
Selected
Price Shares
84'/a
5%
5
4.72
—
5.24
Low
10
6.94
7.58
Investing
38%
—2
5
11.28
4.76
shares—
15'A
_
Glens
10.26
Amer
shares
_
Great
7.62
Selected
Machinery shares—
Providence-Washington
Reinsurance Corp (NY)
Republic
(Texas)
12.85
6.30
9.71
bond
94'A
35%
Preferred Accident,
47
10.29
10.26
—
8.84
Administered
57%
43 'A
V
30%
Equipment
Fully
49%
14
36'A
53%
Home
Electrical
General
47'A
Phoenix
33%
Fireman's Fd of San Fran
7.16
6.46
6.50
Industrial
10
70'A
General Reinsurance
7.51
5.91
-—
113'A
Co
66'A
Franklin
8.40
shares—
shares
101
108'A
;ju
'
equipment
Chemical
Food
6
96'A
25
-
—10
43%
6.35
—
Indemnity
5'A
90 %
Pacific
16'A
26%
12.50
41%
147
47'A.
25%
—5
Northeastern
39'A
Hartford Steamboiler Inspect.-lO
6.75
shares
Aviation
5.45
35%
,2.50
10
Firemen's
Series
33.35
29%
45
14%
River
5
Pnila
6.40
^
shares
Automobile
;'
'■:
5.06
27%
33'A
_
Fire..
141
200
2
„,10
—_
Northern
6.13
Series 1958
General Investors Trust—— —1
Fire.
Pacific
9.58
Railroad equipment-
4.33
■'
190
9
10
—
Fire
20'A
10.71
Steel
■
7%
63'A
7%
Casually,
_
39%
9.74
North Amer Bond Trust ctfs
V
6%
60'A
Fire
18'A
5.56
Railroad
; 0.31
Fixed Trust Shares A
4
Globe & Republic
Oils
1.94
8
10
Mutual
First
22'A
6%
2
Amsterdam
North
Y—
20
4.66 '
Metals
18.70
53'A
—10
Brunswick
York
N
lu
7.34
Machinery
3 l'A
625
Fire
37%
8.71
Insurance
31.67
50 %
11.92
1
-
Building supply
12.56
29.45
30V'2
17.37
1.77
5
9.36
Fund
stock
Electrical
Fund
9
20%
Aviation
6.05
78'A
-
Fidelity & Deposit of Md
Stocks Inc—
Automobile
5.30
Equitable Invest Corp (Mass) ,8
Equity Corp $3 conv pfd
1
Stock
600
Bank
3.55
16%
15%
Mfrs
&
10
Federal
5.81
Chemical
Balanced
11'A
10
6.66
Agriculture
Howard—
&
York
4.19
6.47
9%
-12'A
Fire Assn of
common
-
New England
25c
Dividend Shares
5
Employees Group
Employers Reinsurance
•
25c
series—^.-----*——
Low priced bond series
Preferred stock series
31
1
—
D
Securities—
series B shares
Income
2.50
C
Inc
voting shares
Low
4.60
19-18
Fund
National Investors Corp
National Security Series—
111
Union
Continental Casualty
2.63
*
National
Connecticut General Life
Fund,
41%
5%
75
—
Liberty
1
10.72
2.19
1
National
—100
Fire
21.80
(Md)
100
-
Trust Shares
Camden
9.97
118
Fund—
Boston
4.64
20.27
Insurance—
preferred
8.73
4.22
1
(Colo)
-f 29'/2
7.94
10c
38%
1
Y—
National Fire
60'A
Shippers
1
2.19
10
Bankers &
2d
1
shares
Baltimore American
Trust—
Invest
2.31
28
38.90
16%
56'A
Automobile
10c
—:
Investors
Mutual
1
Forster
38.12
10
Merch
14%
10
Mass
1
mod
6.76
93.00
12'A
aVa
Newarx
Mass Investors
4.95
1
mod
6.11
91.14
4
Maryland, Fund Inc—
2, 426
4.55
Fund
Mat Fund
Manhattan Bond Fuud Inc—
Diversified Trustee Shares—
Eaton
l'A
American
common—10
A7%
0
10.64
preferred--.—-—-—100
Cumulative
Fquitaoie
13.83
141
Accumulative series
Delaware
S-l
1
B
2
American
16.47
1
A Common
19%
18.67
i
83%
20
Massachusetts Bonding
Merchant Fire Assur
Casualty
l'A
_
9.66
_•
AA
Forster
13'A
American
8
—
Casualty
12.57
100
Investment
&
12
17.56
Jersey Insurance ol N
24.13
1
Corporate Trust Shares
&
Maryland
37
S-2
Consol
A8%
Knickerbocker
24'A
3 5'A
S-3
1
ACrum
76
22 Va
Series
Commonwealth Invest——
Crum
72 'A
10
Series
com—100 2,320
Securities
AA
25
American
5
26.81
Ltd
Preferred
Series
Agricultural
10.17
10
Ask
18
10
8%
Aetna
18.72
Alliance
Bid
16
Insur Co of North America
3%
1
Fund
Series ACC
Fire
28.62
16.91
-
5
Century Shares Trust
/
56
Par
Homestead
3'A
Chemical Fund_-«:--—l--l^i.-^l
Series
K-2
5
Ltd
lnv
Christiana
14.17
53'/2
145'A
9.26
16.04
Life
137 Va
10
26.08
;
K-l
Series
10
4'A
10
Inc
Fund
Canadian
13.18
Series
Series
Street Invest Co Inc
Bullock
B-4
:
B-3
6%
Surety
Aetna
Companies
Ask
5
Industry Shares
Fund
Aetna Casual &
Bid
1
*
preferred
Boston
Broad
Series
Scries
-
33.21
Par
17.02
3.51
Investing—
a Common
A6%
Scries ,B-2——_
26%
•
Ask
30.29
B-l
13.97
6%
1
;
Series
3.21
—.-..J
Bid
Keystone Custodian Funds-
7.63
12.88
Foreign InvestlngUOc
Assoc, Stand Oil Shares
Par
3.51
25'/b
10
American Business Shares—1
American
7.02
3.21
'
l'A
Insurance
Ask
2,
•No
1947
107%
108%
1961
128%
130
s
Cash
bonds
par
value.
«
Odd
lot
sales,
b Yield
sale—not included 1n range for year.
are
subject
to
all Federal
taxes.
price,
21,
28,
1943
-
1943
d Deferred
x-Ex-dividend.
^Quotations
1943
14,
y
—-
-
r Canadian
market,
tin default.
tThese
or issuer
delivery,
Ex-rights,
not furnished
bv
b0.375 0.35'A
b0.375 0.35%
bO.375 0.35%
sponsor
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, August 2, 1943
"vyv
.
»►
T
-
>
Week
THE COURSE OF BANK
CLEARINGS
1943
Ended
1942
t
$
1940
Inc. or
Dec.
$
%
-VnlvL* ©hVV.
Fifth Federal Reserve District—Richmond—
this week show an increase compared with a year ago. Prelim¬
inary figures compiled by us, based upon telegraphic advices from the chief cities of
the country indicate that for the week ended Saturday, July 31, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be 23.7% above those for the corresponding week last year.
Our preliminary total
stands at $8,611,482,851, against $6,960,470,224 for the same week in 1942
At this
center there is a gain for the week ended Friday of 31.6%.
Our comparative sum¬
Bank clearings
West
Week Ending
July 31
Total
50,471,450
2.0
117,620,637
+ 18.0
1,471,757
103,023,247
2,511,000
39,129,673
1,089,695
79,396,217
36,410,329
28,426,564
+ 28.1
29,301,477
23,485,528
252,894,059
;
213,229,663
+17.2
188,567,666
146,075,146
....
Columbia—Washington—
(6 cities)
——
Philadelphia
270,708,983
+
+
+19.4
+
20.0
185,010,311
San Francisco
175,812,377
+
•
Cleveland
-J—-\—
142,139,514
93,195,381
five days—
5,808,004,989
1,368,230,720
——wi...
Other cities, five days
—-——-—•
+
+ 19.1
1,429,407
1,248,479
1,039,430
1,594,851
+ 47.0
25,902,000
38,046,247
36,840,457
+
3.3
30,111,630
1.5
2,569,87?
16,141,000
21,334,853
2,131,459
Mobile—
..
Mississippi—Vicksburg
Louisiana—New
Total
Total all cities, five days
All cities, one day—
—
22.3
Grand
+
.
111,161
112,236
+ 21.4
60,509,376
37,283,742
334,899,920
....
269,174,840
+24.4
234,915,102
157,736,428
586,028
4,225,305
*
+14.8
369,472
245,965
3,622,089
+ 16.7
3,650,863
2,885,103
2,234,653
Rapids.
2,625,396
—14.9
2,042.437
1,214,434
2,739,666
2,468,655
+ 11.0
2,102,334
1,572,917
24,495,000
+12.3
2,826,811
+ 26.2
24,488,000
2,645,601
18,548,000
3,568,625
7,770,367
7,254,305
+
Haute
Wisconsin—Milwaukee
Complete and exact details, for the week covered
issue of next week. We cannot furnish them
In the
following
a summary
OF
SUMMARY
Ended
Week
2d
New
York-
3d
Cleveland
6th
Richmond
Atlanta
7th
Chicago
6th
St. Louis
9th
_
Total
111
_
469,575,448
361,069,660
+ 26.5
Missouri—St. Louis
115,400,000
84,200,000
Kentucky—Louisville..
60,948,501
50,861,335
+ 19.8
52,201,153
31,703,381
Tennessee—Memphis
Illinois—Quincy
33,101,197
26,801,968
+ 23.5
25,355,417
1,018,000
832,000
557,000
16,567,016
516,000
258,267,698
207,495,303
193,613,570
132,985,397
Total
(4 cities)
add
11
+ 11.6
2,874,711
2,250,529
1,407,137
2.8
1,098,737
755.581
934,677
—
9.6
049,348
3,859,220
4,184,468
—
7.8
3,577,b00
183,450,902
146,343,"27
+23.8
128,322,993
,
(7 cities)
403,127,661
308,514,507
147,473
+ 34.1
188,567,666
146,075,146
Hastings
237,622
217,384
+
+ 24.4
234,915,102
157,736,428
Lincoln
3,816,075
3,143,963
Omaha
71,968,081
45,070,585
334,899,920
576,517,381
463,368,382
+ 24.4
469,575,443
207,495,303
+ 24.5
193,613,570
128,322,993
101,799,573
39.0
187,411,664
Nebraska—Fremont
132,986,397
28.8
Tenth Federal Reserve District—Kansas City—
361,069,660
258,267,698
142,173,737
188,450,902
<•
218,173,166
+
86,573,293
+
469,334,428
«•
1461343,527
+
303,385,477
131,996,558
413,237,663
,
-
*
52.5
88,115,120
332,464,265
+ 21.2
460,837,494
+ 38.3
382,763,296
>
.
"r
'
1942
Inc. or
1941
$
$
Dec. %
$
605,937
+
775,780
13.9
Total
'tuWr
«
—22.7
2,309,277
275,010,645
Wichita
Total
773,598
648,811
297,093
+ 12.6
334,803
290,348
Utah—Salt Lake
+ 37.8
752,134
708,215
3,303,224
3,071,210
+-34.8
2,419,247
1,916,625
11,341,772
+ 36.6
12,055,945
San
Francisco.
5,289,219
14,394,600
390,081
1.1
5,120,754
9,925,401
4,096,065
San
Jose
•+•! 4.6
14,716,200
517,632
340,187,105
+10.9
6,401,975
Stockton
474,571
Total
261,212,770
1,906,552
48,100,000
939,373
Elmira
1,165,788
64,300,000
Buffalo
993,750
—36.0
5,500,052
855,405
3,962,044
4,196,086
1,227,673
46,430,000
32,500,000
476,043
,
.705,359
3,862,037
+ 52.5
SB,115,120
3.4
58,212,119
+ 37.3
5.3
1,056,098
50,018,970
38,981,823
891,755
36,564,512
2.1
17,034,965
14,727,868
+ 36.3
4,670,555
+
20,267,760
6,010,431
+
2,313,554
+ 50.5
3,095,155
216,549,000
+ 18.7
190,170,000
3,712,3d
142,480,000
1,064,294
2,243,159
(111
8,190,843
cities)
3,529,756
+ 17.6
992,261
+ 70.4
1,350,665
3,419,852
1
+ 34.2
3,143,438
+
6,821,250,198
+ 24.3
4,261,374,753
3,515,877,702
+ 21.2
Week
1942
Canada-
$
732,653
+16.2
939,537
855,096
+ 27.6
3,207,397,670
3,075,643,009
Toronto-—
193,404,086
Rochester
10,026,136
7,797,516
+ 28.6
8,703,673
6,498,474
Montreal-
6,241.400
4,753,304
+ 31.3
4,989,812
4,278,461
7,004,410
6,278,903
+ 11.5
5,846,470
4,949,608
Eded
88,093,764
129,576,427
41,079,645
+17.2
Winnipeg-
151,869,969
66,645,331
+ 62.2
101,676,419
59,873,846
86,182,213
34,703,363
Vancouver.
■
31,044,326
27,014,560
39,615,261
5,708,747
+ 15.0
19,787,876
17,643,246
9.2
30,717,498
21,568,350
+ 11.8
4,946,427
4,109,740
+ 12.0
7,161,179
+ 21.2
3,648,987
7,811,112
6,774,534
4,613,640
2,829,604
5,882,360
378,135
—0.04
355,413
20,338,904
352,203
18,064,236
Ottawa.:—.
+ 35.7
Quebec.
6,381,669
Northern New Jersey.
34,661,308
29,263,006
+ 18.4
27,205,344
20,667,014
Halifax—I
4,604,603
8,677,692
8,704,409
6,425,350
+
John—
3,055,603
Victoria-—
2,447,414
2,447,935
2,360,885
+
2,707,038
Hamilton..
3,169,767,548
'
Calgary—
b St.
Pennsylvania—Altoona
Philadelphia
Scranton
..
632,966
+
517,143
+ 44.4
1,524,085
Lancaster
422,566
734,881
746,607
—
Chester
Reading
>o)r
481,340
Bethlehem
1,489,771
+ 13.9
+
1.6
2.3
331,632
619,305
579,406
466,855
382,172
1,379,931
1,167,417
604,000,000
————_———1,769,713
513,000,000
+ 17.7
488,000,000
390,000,000
.1,545,372
+ 14.5
1,789,87J
1,351,959
2,133,302
1,996,746
———
—
Jersey—Trenton
909,064
693,255
2,002,369
1,854,112
965,108
689,230
1,276,144
1,172,056
1,085,816
+ 17.5
1,048,068
879,549
990,900
+ 18.3
1,097,624
835,239
4.7
916,3b8
723,508
200,960
Lethbridge
Saskatoon
Brantford
3,237,400
+ 41.8
3,966,400
4,552,900
+17.8
501,828,271
403,127,661
Fort
New
Jaw
William
WestminsterHat
Peterborough
Ohio—Canton.
3,345,435
3,224,801
+
3.7
3,035,208
Cincinnati-.
102,375,227
87,422,850
+ 17.1
78,931,721
2,024,291
56,451,410
210,993,543
176,277,859
+ 19.7
160,770,045
100,670,520
Columbus
24,335,900
11,958,600
+ 93.5
11,739,200
9,371,100
2,558,464
—22.5
Mansfield
3,557,990
Youngstown
Pennsylvania—Pittsburgh
Total
(7
cltles)_.
2,617,443
3,485,744
+
2.1
3,771,511
1,663,650
2,639,723
242,389,139
217,651,903
+
11.4
175,812,023
135,693,813
1,983,190
-
—
588,980,424
502,580,227
+17.2
436,667,151
308,514,501
4,932,248
3,773,986
4,935,564
4,066,271
+ 15.2
407,650
+
31.1
515,550
409,941
+
8.0
1,454,792
1,224,282
+ 40.0
606,754
+
—
873,555
916,849
764,388
378,121
+ 92.1
418,253
856,930
833,840
+
2.8
714,872
305,855
480,826
549,075
1,072,048
+ 20.7
885,639
+ 20.8
1,287,714
991,832
6,482,544
462,614
—32.7
3,607,011
+ 46.7
414,729
3,373,973
316,085
1,220,516
+16.3
1,037,363
Kingston.
1,548,319
4,362,271
678,771
1,419,834
903,951
1,281,316
743,638
+ 21.5
812,204
628,005
Chatham.
711,670
553,923
+ 28.5
757,813
486,556
Sarnia
834,877
490,928
+ 70.1
476,708
406,715.
Kitchener
Cleveland.
44.2
+ 39.1
1,293,638
Bherbrooke
Fourth Federal Reserve District—Cleveland—
2,207,712
6,352,073
Moose
525,969,125
2,604,902
586,518
Brandon—
994,181
1,329,255
4,590,900
1,784,362
+ 34.6
4,936,302
"fi
509,207
2,238,739
619,455,854
;
(10 Cities)
1,959,362
2,120,453
6,865,534
Medicine
Total
4,313,628
2,248,076
3.7
9,159,486
1,184.331
1,416,427
35.5
+ 24.8
3,644,427
Regina
2,381,119
+
+ 12.1
+
lEdmonton.
9.9
1,390,925
1,736,230
118,535,037
hi. London—
6.8
1,946,718
York
•
+
Wilkes-Barre—1,528,307
New
623,982
$
158,489,764
20,076,795
District—Philadelphia—
1941
113,287,836
376,653
Third Federal Reserve
%
22.0
27,248,417
(12 cities)
6,409,193,419
3,201,795,749
July 22
Inc. or
Dec.
Newark
Total
2,612,070
+
'
+
3,589,320
2,643,172
10.9
340,187,105
8,480,244,799
3,305,372,496
Jersey—Montclair.
1,663,000
888,721
2,912,068
+
851,501
Connecticut—Stamford.
:
90,551,482
1,404,383
4,218,870,026
Syracuse
1,205,559
5.6
—
68,199,169
93,611,138
71,802,140
22,718,815
New York
Jamestown.-;
5,960,716
2,262,000
+45.5
86,573,293
1,025,115
+ 33.7
5.5
1,19?, 103
51,605,000
4,458,283
+ 63.5
—
2,142,968
+25.7
2,091,000 ' + 36.6
377,234,327
(10 cities)
Total
Outside New York
10,005,592
642,421
142,173,737
69,865,054
8,777,50?
10,005,276
4,150,052
1,690,435
4,589,779
Santa Barbara.
11,291,300
Second Federal Reserve District—New York—
Binghaniton——
City
Pasadena
California—Long Beach.
Grand
New York—Albany.
1,719,350
67,706,176
1,928,258
+ 10.4
+ 30.6
+21.3
+61.4
481,624
257,170,407
Yakima
377,234,327
Hampshire—Manchester.
Total (12 cities).
187,411,664
3,308,540
,
3,482,561
Washington—Seattle
762,282
+
+ 39.0
131,996,558
Oregon—Portland
4,087,424
2,149,393
'
218,173,166
11,245,007
(6 cities)
5,345,775
15,055,700
509,565
;
Island—Providence,—
810,235
'-2,857,000
15,489,691
Connecticut—Hartford
578,371
—22.1
2,035,292
Falls
2,897,893
———
3,404,211
—23.8
1,164,100
2,084,766
2,734,931
Twelfth Federal Reserve District—San Francisco—
226,355,693
+ 10.1
*
+ 32.3
1,242,335
907,150
12,572,613
.
Galveston
1,830,299
+ 11.6
918,249
334,661
4,408,308
947,188
;
109,274,602
:_u
Louisiana—Shreveport
604,232
4,476,890
4,511,439
99,763,861
303,385,477
(10 cities)
Dallas
.
4:1940
$ ++
295,474,165
1,050,592
—
136,442,112
Eleventh Federal Reserve District—Dallas-
-.5 • vj t':'-
3,461,708
Springfield
+ 35.5
5,831,355
.
Fort Worth
.
1,011,117
Lowell-—-—
209,792,173
City
Texas—Austin—
for the
329,773,757
—
36,293,056
2,589,181
4,653,901
30,757,406
+ 26.3
+ 19.3
St. Joseph
Week Ended July 24
1943
+ 60.0
2,673,658
5,290,067
154,815,294
Colorado—Colorado Springs
294,127,973
-4 i'
103,478
2,226,610
3,375,638
Missouri—Kansas
2,418,878,996
detailed statement showing the figures for each city
'
146,264
2,404,791
5,494,522005
6,409,193,410
3,201,795,749
637,365,033
65,100
89,542
9.3
+ 21.4
6,312,353
Wichita
245,830,970
+ 24.3
197,842
Kansas—Topeka
64,227,608
+ 13.6
6,821,250,198
3,515,877,702
8,480,244,779
Fall River
New
+
436,667,161
Massachusetts—Boston
New
2,781,265
928,624
501,828,271
690,322
Ne\tf Haven..——
3,103,606
-
+ 17.2-
Maine—Bangor
Rhode
22,523,414
+
+ 17.2
,J,-.'
"Worcester
69,087,399
29,514,941
1,445,930
Dakota—Fargo
First Federal Reserve District—Boston-
New Bedford
3,586,143
86,721,483
+ 25.2
4,014,326
+ 17.8
3,
,
3,158,733
+ 33.8
36,688,236
4.285,866
502,580,227
>
1*,
6.8
93,333,418
45,944,002
Dakota—Aberdeen
Total
213,229,663
269,174,840
cities
*
128,883,654
Paul...
3,169,767,548
"
+ Portland
+24.5
252,894,059
'I0OJ
Clearings at—
22.4
3,329,612,912
32 cities
our
+
Ninth Federal Reserve District—Minneapolis—
Minnesota—Duluth
$
%
129,000,000
163,200,000
1940
1941
Inc. or
week ended July 24 for four years:
4
+24.4
Eighth Federal Reserve District—St. Louis—
Helena
4,261,374,753
—
now
463,368,382
(17 cities)
Pueblo
———————
We
576,517,381
Total
588,980,424
Outside New York City
Canada
1,127,401
1,411,911
+ 27.5
M
10
Francisco
1,845,953
1,615,403
8.1
3,434,917,944
525,969,125
«l
6
Ilth Dallas
12th Sun
+ 31.9
+
253,063
261,212,770
««
10
—
—21.2
1,445,713
South
M
7
City
2,275,771
1,906,717
North
<•
4
Minneapolis
10th Kansas
4,442,949
1,793,838
:
619,455,854
17
-
-
4,802,230
_
Springfield.
+ 11.3
318,089,246
•>
6
10
6th
—18.1
+10.9
*i
7
-
—
+ 27.5
1,503,597
Montana—Billings
Dec.
291,675,671
848,085
3,770,787
363,468,762
340,187,105
10
—-
Philadelphia
1th
$
380,765,326
1,159,416
4,235,063
1,085,331
486,748
4,378,827,751
4<
12
_
—
1942
$
3,066,180
+
377,234,327
(cities
12
Boston
8,230.935
4,417,659
484,957
1,231,360
Rockford
CLEARINGS
1943
July 24
Federal Reserve Districts
1st
10,242,325
21.6
463,395,177
Peoria
by Federal Reserve Districts:
BANK
1,312,273
+ 11.4
Chicago
St.
furnish
+ 12.2
Decatur
Minneapolis
we
18,563,120
5,147,848
437,446
—
Illinois—Bloomington
13.6%.
Reserve District
4,766,857
21,560,782
1,643,274
6,260,756
Sioux City.—...
6,587,584
+ 20.9
13,042,419
1,844,080
14,525,527
our
1,802,900
7.1
26,157,954
31,636,304
Iowa—Cedar Rapids
Des Moines
by the foregoing will appear
today, inasmuch as the week
ends Saturday and the Saturday figures are not available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which we present further below
we are able to give the final and complete results for the week previous—the week
ended July 24.
For that week there was an increase of 24.3%, the aggregate of
clearings for the whole country having amounted to $8,480,244,779, against $6,821,250,198 in the same week in 1942. Outside of this city there was an increase of 21.2%,
the bank clearings at this centre having recorded a gain of 27.6%.
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
a gain of 27.5% in the Boston Reserve District of 10.9% and in the Philadelphia Re¬
serve District of 17.8%.
In the Cleveland and Richmond Reserve District there is an
increase of 17.2% and in the Atlanta Reserve District of 24.4%. The Chicago Reserve
District has enlarged its totals by 24.4%, the St. Louis Reserve District by 24.5%,
and the Minneapolis Reserve District by 28.8%.
In the Kansas City Reserve District
the increase is 39.0%, in the Dallas Reserve District 52,5% and in the San Francisco
510,393
27,510,000
Bend.
Terre
—
District—Chicago—
Indiana—Fort Wayne
+23.7
'
1.8
77,177,658
Indianapolis
6,960,470,224
8,611,482.851
—
141,909
63,560,901
Lansing
15.2
4,568,372
801,187
139,315
(10 cities)
South
Total all cities for week
4,502,085
•
I
Orleans
Michigan—Ann Arbor
+ 25.6
5,714,463,979
1,246,006,245
J,176,235,709
1,435,247,142
—.
.—
26.4
+
9.2
3,493,030
1,706,253
Seventh Federal Reserve
+
17,499,491
57,900,000
5,302,219
30,370,252
—.
+ 23.4
4,595,922,899
1,118,541,080
26,030,957
81,700,000
1,862,671
*1,900,000
+ 18.8
115,032,179
——----—•
+ 14.5
44,633,373
—
5.2
168,852,399
'—
Pittsburgh
+ 66.7
+ 29.5
Alabama—Birmingham
33.5
131,765,332
110,000,000
173,166,000
175,861,257
St. Louis
33,063,092
124,200,000
Macon
+ 14.6
236,210,890
I
'
5,625,120
28,866,725
95,900,000
9,375,479
—
...
Augusta
16.2
131,300,000
213,866,000
Kansas-
in
1,789,870
—
Florida—Jacksonville
+ 18.1
299,817,473
431,000,000
——
Georgia—Atlanta..
+ 31.6
$2,805,981,932
$3,692,179,027
,—
_—
354,194,833
501,000,000
Ten cities,
463,033
3,617,000
+ 18.9
Nashville
%
1942
1943
<
_
Baltimore—
682,735
—10.0
Maryland—Baltimore
District of
Tennessee—Knoxville—
Chicago—..
Boston-
+43.3
6,947,000
57,633,989
;
Sixth Federal Reserve District—Atlanta-
York
New
811,603
6,249,000
68,534,032
1,754,259
138,783,690
South Carolina—Charleston
Clearings—Returns by Telegraph
•:+>■
1,162,749
;;
—
-
Richmond——..—.—
for the week follows:
mary
Virginia—Huntington
Virginia—Norfolk
'
■
July 24
Windsor——
Prince Albert.
Moncton
Total
+
1,166,984
Sudbury.
(32 cities)-.
♦Estimated.
637,366,033
•
460,837,494
14.1
+38.3
733,135'
946,789
1,013,236
382,763,296
294,127,973
^Volume 158
THE COMMERCIAL
Number 4199
-
trustee designated in said plan certain funds
amounting to $25,046.77,
to be used for the retirement of
Ludwig Baumann Brooklyn building
trustees of
ended
July
group
was
units
f.
V.
23,
electric
net
above
production
of
Average
Ry.
miles
oper.
Ry.
Ry.
accruals
Net
ry.
13,692,741
608,686
—
income.
oper.
5,218,853
27,549,308
30,847,749
6,109,623
1943
railway^-
railway
3,765,365
Net from railway—1,308,664
•Deficit.—V.
487,790
expenses
'"149,650
1943
1942
1941
1940
$339,643
$196,612
$144,826
221,881
159,257
52,108
15,819
44,771
66,900
13,436
•7,738
From Jan. 1—
from
railway-railway
2,585,434
1,719,509
1,136,421
637,551
294,047
cost
232,153
78,507
*29,683
•Deficit.—V. 158, p. 82.
Atlantic Coast Line
.
Period End. June 30—
Operating
Operating
revenues
V
$12,855,420
—
$6,209,469
4,250,000
revenues—
Amt. required for taxes
27,750,000
Operating income
Net
>
$1,959,469
$2,182,902 $13,902,026 $13,855,955
Dr477,611
Dr398,533 Dr3,196,998 Drl.764,927
ry.
$1,481,858
income.
oper.
'
158, P. 156.
$1,784,369 $10,705,028 $12,091,028
\
,
Atlantic Refining Co.—To Pay
directors
The
the
Distributions
v
last.
declared
have
stock,
common
of
payable
cents
15
Sept.
each
of
25
for
first
the
the
of
of
half
last
1942
and
it was
year,
Executive Vice-President
March
on
follows:
March
15
15,
15 cents each.—V.
and
25
June
cents;
157, p.
half
of
the
1943
fiscal
was
almost
announced
double
the
July
on
27
output
15,
and
the
two
in
the
first
by William F.
was
Cooled Engine Division,
of its Spencer
Plant
it
Manager
announced
was
President.—V.
July 29
on
158,
Plant
Manager
of
Gross
by William
Wise,
F.
corporation's
Executive
Baltimore & Ohio Railroad
Period End. June 30—
Privately—
issue of
an
V;-; if-"1
Ry.
oper.
Maint.
'
of way &
of
Traffic
operations
General
$
,r
25,953,206 173,615,804
293,963
294,799
363,090
393,060
$1.81
$1.18
$1.93
expenses
:
profit
is
$547,974,
provision
for
equal
Federal
40%, and
excess
Net
Federal
$240,746
292,830
81,470
23,735
for
4,902,765
3,347,582
1,628,770
1,502 979
$215 695
1,758,285
690,227
1,219,002
333,469
same
(par $1)
which
1943
in
class
$1,275,619
1940
which
has
been
$3,57
preferred
normal
stock.
and
total
a
from
ry.
Gross
to
railway
157, p.
32,593,076
30,962,036
467,988
7,816,119
2,730,155
53,989,965
46,868,904
2,753,889
of
Net rev. from ry. oper.
Railway tax accruals
Equipment rents
8,791,888
based
taxes
for
589,760
Jt. facil. rents (net)
from
138,194
of
883,271
787,896
:
*
ry.
oper.
income,
Other income
.
4,631,285
Total Income
Miscell.
5,010,420
3,529,144
5,681,449
37,888,043
a
109,041
795,866
1942
1941
1,395,918
211,701
446,398
fixed
1943,
5,741,269
8,107,467
9,530,534
Fixed
490,992
the
and
3,156,218
193,635
1,579,684
12,559,527
charges
2,471,209
2,592,149
income
3,079,613
3,149,120
21,813,380
c
"Includes
in
1943
Federal
income
taxes
of
"
results
its
of
subsidiary
the
businesses
$12,701,499,
against $6,-
companies
quarter of
billings
income
Interest
Prov.
period End. June 30—
6,675,992
2,729,772
2,152,370
and
for
operations
the
1943
and
second
the
of
the
taxes
income
based
for
per
"Steel
Earnings
per
$127,095
1943—6 Mos.—1942
*$179,506
$297,030
*$200,885
Nil
$0.71
Nil
•Loss.
the
2nd
1942
••
'
-
ijj
jj)
first
9,916,040
32,730,000
9,056,824
8,900,232
28,880,000- 25,210,000
6,614,210
6,228,693
$1.67
....
$1.54
share—
6,070,913
/
certain equipment provided for
$1.49
through
expense.
production
(ingots and castings)
averaged
approximately
capacity during the second quarter of 1943 as compared
during the first quarter of 1943 and 98.9% during the
quarter of 1942.
of capacity."
Current
steel
production
is
Rudolph
has
been
Eberstadt,
elected
formerly
President
Baker, whose resignation
J.
the
A.
Sisto,
board
of
as
of
Chairman
the
of
the
corporation
President
President, etc.—
to
and director
board
of
succeed
was
of New York, succeeds Mr. Eberstadt
directors.—V. 157, p. 2444.
Samuel
F.
accepted.
as
Chairman
of
six
months of 1943 was $937,129,548,
compared with $665,771,561
corresponding period of 1942.
Billings for 1942 totaled $1,511,672,299.
tion
Grace stated that much would
and
the
depend upon the manpower situa¬
work stoppages.
In this connection he pointed
the matter of
second
which
quarter
a
number
which
he
of
"spot strikes" in Bethlehem
described
as
"intolerable
and
Pursuant to the provisions of the plan or reorganization
Elbeco Realty Corp.,
a
subsidiary, and declared
proposed by
operative by it
under
date
of
Aug.
15,
1936,
said corporation has
deposited with the
a
dividend
cumul.
1st
of
$1
share on account
stock, par $100,
Similar distributions
July 10 and Nov. 16,
per
preferred
(& Subs.)— Earnings—
1943
i
/
1942
1941
1940
$1,442,613
$1,483,357
$1,431,691
940,044
965,493
884,747
25,908
22,899
22,830
520,778
1428,816
t301,569
180,191
$$510,881
#$,485,320
f$641,025
$681,726
on
.
profit
—
and $74,000 in 1941,
pending legislation,
provision
for esti¬
foreign
profits subject to exchange restrictions in amount of $45,307 in 1943,
$51,513 in 1942 and $41,381 in 1941.—V. 157, p. 1738.
flncludes
$110,000
additional
1942
in
under
taxes
flncludes
Bond Investment Trust of America—Net Assets—
semi-annual
The
Dec.
on
been
has
report of the Trust reveals that as of June 30.
to over $1,125,000 compared with assets of
1942.
The report indicates that while there
increase in the value of the bonds owned,
the principal
amounted
assets
1943,
$618,000
an
31,
to
a
no
handle
strike
all
clause,
steel
plants and most of
of
eight
Venezuela
would
shipyards
and make complete and adequate pro¬
grievances.
be
25,000-ton
when
the
available
pointed out
20,000 tons each.
taken
over
the
ore
war
All
we
from
carriers
ends.
518.
ask
Mr.
is
Venezuela
to
bring
Grace
either
up
for
ore
expressed
late
in
1944
the
from
the
con¬
Chile
opinion
Boston & Maine RR.—Earnings—
Period End. June 30—
Operating revenues
Operating expenses
oper.
'
4,075,443
28,562,119
23,845,226
$2,839,237 $13,826,999 $12,871,808
920,505
1,144,265
5,562,499
273,280
15,921
258,138
11,910
1,570,471
138,959
4,705,333
1,764,552
65,523
$1,075,196
99,817
$1,424,924
102,531
$6,555,070
629,311
$6,336,400
668,501
$1,175,013
$7,004,901
ry.
Gross income
Net income
—V.
158, p.
12
....
2,413,861
$1,109,366
$4,982,980
$4,591,040
185.
knots
Co.—Special Dividend—
cents per
quarterly dividend of like amount 01*
value, both payable Aug, 25 to holders of
record Aug.
16.
A special of 50 cents was paid on Nov. 25, last,
while on Aug. 25, 1942, a special of $1 was disbursed.—V. 157, p. 438%
share
the
directors
common
July 26 declared a special dividend of 50
on
addition
in
to
stock,
usual
the
no
par
Pay 75-Cent Dividend—
Bourne Mills—To
A
dividend
Feb.
to
2,201,401
r;
Boston Woven Hose & Rubber
follows:
11
$7,184,381
418,089
$821,877
(rentals, inetc.)
terest,
$1,527,455
353,136
Deductions
stock,
ore
income.
oper.
Other income
Five of these have been lost and the
government has
ships made
4,721,544
$2,284,902
1943—6 Mos.—1942
$6,914,680 $42,389,118 $36,717,034
Taxes
paid
The old
'
,
revenue
Joint facil. rents (Z>r)
with $1
remaining.
1943—Month—1942
$7,006,446
Equipment rents (Dr)±-
of
three
reports
company
carriers
or
were
satisfactory.
originally Bethlehem had eight
Co.—Output Up 15.1%—
number of kilowatt hours available for its
week ended July 24, 1943, as 33,018,000 as compared
with 28,695,000 for the week ended July 25, 1942, an increase of 15.1%.
For the preceding week output was 33,054,000 kwh., an increase of
16.8% over the corresponding week l»-«t vear.—V. 158, p. 356.
The
territory for the
in
that
the
unrealized profit of over $30,000.
early
1945 if other conditions
He
realized
The
our
proceeding with plans
ore
Net profits amounting to $2,596 were
bonds held on June 30 represent
Fifty-two per cent of the income
received in 1942 by Massachusetts holders is exempt from the Massa¬
chusetts income tax. Having crossed the million-dollar mark, it would
seem
that the continued growth of this trust is assured.—V.
157,
unit was made on June 1.
during the period and
per
an
nlants
totally
that the other party
live up to these contracts, and there will not be
any work stoppages."
It was disclosed Eethlehem was
and
the
carry
visions
struction
(Ludwig) Baumann & Co.—Subs. Seeks Tenders—
7%
24,109
Net
"We have contracts in all our
directors,
the
holders of record Aug. 5.
15 and May 15, last, and on
approximately
unnecessary," adding:
Barium Stainless Steel Corp.—New
$1.56
1,055,768
Net
the
in
'
$1.12
declared
on
to
Boston Edison
"
490,414,380 432,715,168 360,118,243
50,893,250
45,470,223
41,565,898
1,633,000
1,304,706
1,384,753
income—
period
common
out that there had been
157, p. 2143.
$1.31
Quarter
1943
Grace, President, stated:
of
Mr.
$0.32
1st
Quarter
99.1%
second
common
share
—V.
with
in
taxes
on
"Other than depreciation on
E. G.
of
quarter
this year will be in excess of $2,000,000,000, in the opinion of Eugene G. Grace, president. The total for the
1943—3 Mos.—1942
262,757
p.
quarter
second
Net billings of the Corporation
Net profit after charges
and
charges...
other charges—
for depletion and depre(incl. amortization)
for
Net
before
and
ciatioh
101%
Asphalt Corp.—Earnings-
Barber
;
$417,934
262,757
-——
have
16
Aug.
profit
948,399
follows:
as
$
Net
Total
15,662,537
498,296 in 1942.—V. 158, p. 82.
1941
1942
$304,832
$1,519,042
1,298,064
3,440,093
with the first
compares
98.7%
Net
158, p. 356.
$2,055,496
8,850,217
4,301,569
2nd
28,222,064
37,092,177
15,278,797
hail
a
all
made,on Feb.
Net
1940
$2,224,770
1,415,991
1,079,662
Quarter
1,105,665
5,550,822
194$.
growth is the result of the net sale of4,848 units of beneficial interest.
thirty-fourth serni-annual income distribution amounting to $2
of
report
1942
available. for
charges
first
sales—
.
income—
charge to operating
Income
30.
the
1943
Federal and foreign inc.
& exc. prof, taxes, etc.
RR.—Earnings—
$2,412,905
railway
corporation
of
29,327,729
130,627
June
262,757
6 Mos. End. June 30—
,
693,979
railway
oper.
Earnings
—
for
Operating profit
and depletion-
Bethlehem Steel Corp.—Report for Second
Quarter—
The
25,798,585
3,686,336
;
from
deducts,
Income—
34,201,707
839,890
5,850,310
1,050,164
—
ended
$4,418,050
$354,939
directors
mated
1,307,009
142,087
months
outstandg.
Deprec.
158, p. 82.
"Provision
Net
six
with
Foundry Corp. below.—V.
stock
common
Bon Ami. Co.
on
the
Vice-President. He will hold
Secretary.
Mr., Beard resigned as
3,420,982
8,985,484
59,265,218
42,729,117
3,309,554 *21,154,660 *13,833,422
523,423
3,025,580
2,309,214
3,432,649
(net).
the
$600,000
$2,605,000,
similar
1943
1,546,775
4,020,665
,
for
compared
The
11,933,633
5,228,373
taxes
1523.
$2,048,329
income—
oper.
ry.
Federal
1942, which ;were the first since May, 1935.—V. 157, p. 1646.
Vice-President, etc.—
elected
that
railway
from
and
Pennsylvania State income and Federal income
as
accumulations
were
estimated
January 1—
Net
of
The
of
$3,34
fThe
surtaxes
of
with
compares
1943
from
From
depreciation, interest,
adjustments, and State
profits tax.
post-war
a
June—
Net
1
(H. C.) Bohack Co., Inc.—$1 Preferred Dividend—
$1,561,491 *$1,461,018
$2.92
A
of $2,005,000,
1942,
Bessemer & Lake Erie
Net
for
1941
$1,220,496
$0.91
bond discount,
$0.44
■
1941
position he has held since formatioh of the
company,
being succeeded in that office by Louis Fenn Sperry, former Treasurer
of the Panhandle Eastern
Pipeline Co.—V. 157, p. 2444.
Gross
in
$585,434
$0.59.
including
excess
profits
1942
$780,728
,
.
Witherow, President, in
payable
on
taxes
addition
the presi-t
primarily
1943
share
profit
Gross
office
and
needed,
charges including estimated Federal income and excess
profits at rate of 79% in 1943, at 80% in 1942 and 60% in 1941 of
earnings.—V. 157, p. 2211,
;.
1942
Bell Aircraft Corp.—New
Treasurer,
were
Subs.)—Earnings—
Earnings per share.
Co.—Earnings—
period include Federal
Beard
294,000 employees,
6 Mos. End. June 30—
♦Net
issued and outstanding.—
are
$2.92
L.
(&
and
war
$4,741,002
Shares
Exchange has authorized the listing of 400 000
period of 1942 of $2,356,000.—V.
Charles
charges
for
See Pittsburgh Steel
Corp.—Listing of Stock—
t$l,325,028
of
of
additional
341,514
estim.
Act
-
and
Grace
Bliss & Laughlin, Inc.—Earnings—
stock
profits
Mr
Chairman Resigns—
680097
615,520
dividends
the
excess
$4
account,
given,
products
some quantity reductions in others.
However, overall output haa
continually increased.
"Plans for the post-war period are receiving careful attention.
The
Company plans to diversify its activities and products so as to provide
the maximum number of jobs after the war.".
*30'798
(par $20)
Revenue
own
letter to stockholders stated in part:
"During the first half of the year all of the outstanding first mort¬
81 478
199,968
2,389,584
taxes
after
its
was
and
$592,441
Earns, per shr. on 437,-.
524
shs.
com.
stock
♦And
Co.
common
all
excess
♦After
after
for
balance
1942.
W. P.
1940
108,943
356.
profit
total
a
15,000
*
per
including
totaled
Of
p. 82.
common
additions
gage bonds of the company were called for redemption.
"There have been substantial price reductions on certain
424,922
York Stock
158, p.
and
in
81%.—
1941
plant
unexpended
$8,000,000 and $9,000,000 would be spent during
about
Note—Provision
Ry.—Earnings—
1942
approximately
o'f
the
profit
taxes,
on
$840,824
income—
Beech Nut Packing
$
•;
19,469,950
236,726
649,024
♦Net
surtax
at
that
Blaw-Knox
provision
and
profits tax
for
Bethlehem had
stated
Earnings
share
a
tax
were
■
June
$2.16
$1.39
to
income
delivered
earnings
■
196,530
393,060
reported
net
the
quarter
payroll, number of workers and average
hourly pay
highs in the second quarter.
Payroll amounted to $220,-
new
"After
§After
construction
figures
6 Months Ended June 30—
29,400
.
the second
except
shipyards and repair yards. He admitted that there had been somO
difficulty in securing men and described the manpower situation all
around as tight.—V, 157, p. 2037.
$957,753
$764,481
6,990
294,788
393,060
6 Mos. End. June 30—
139,975,570
2,569,492
495,450
8,777,322
266,603
663,601
equipment
expenses
Transportation expenses
Miscell.
329,998
294,799
railway
railway
shares of
V.
—V.
5,495,421
struct.
467,168
$465,080
in
the
10,360
1943—6 Mos.—1942
$
$
28,295,733
3,805,448
revenues
Maint.
$1,262,076
$712,060
from
Net
Co.—Earnings—
1943—Month—1942
$1,109,690
15,211
of
Beech Aircraft
Vice-
$1,925,000 1st mtge. 4% bonds, dated Aug. 1, 1943, due
serially each Aug. 1 (variable because of sinking fund
provisions relating to income) to Aug. 1, 1963. Proceeds
of the issue will be used to retire $1,925,000 1st mtge.
5s called for payment Aug. 1, 1943, at par and interest
at office of First National Bank, Dallas, Texas.—V. 158,
p. 252.
)
30,076
railway
railway
oper.
from
this
have placed privately
Rupe & Son
In
on
sh.
per
revised
The New
Toledo, Ohio, has been transferred to
Heater Division at Williamsport, Pa.,
Baker Hotel of Dallas Inc.—Bonds Placed
Dallas
$962,324
20,042
Net ry. oper. income—.
times
82.
p.
$1,572,393
from
from
taxes
the
60,654
dent
1943
ry.
the
formerly
53,947
that
Grace
obstacle
no
earnings of the miners were up 34.6%, and they '
only 34.6 hours per week, although the schedule called for 42
worked
hours.
31,682
see
this year
He added that weekly
'
,
32,453
(net)
taxes
stock.
Net
and
Liquid
'
"
Beaumont Sour Lake & Western
Wise,
three
Official Transferred—
Griese,
1,075
$1,201,423
June—
of Detroit.
backlog of unfilled orders as of June 30
the backlog a year ago this time, Mr. Wise stated.
B.
1,577
day
546,000 and went to 291,488 persons who received an
average of $1,288
per hour.
In the first quarter the payroll totalled
$199,042,000, there
were 275,569 workers, and the
average hourly rate was $1,279.
Separating the mining branch from the others in his
payroll dis¬
cussion, Mr. Grace said that the Corporation had 6,700 men in its
captive mines, who averaged $1,365 per hour, compared with $1,053 in
January, 1941, or an increase since the Little Steel formula of 29.6%.
2143.
by
year
Republic's
William
79,467
$1,055,743
computed at rates aggregating
V. 157, p. 1738.
per share on
of' record Aug. 20.
plants of Republic Aircraft Products Division of The Aviation
showed an increase of more than 25% over the production for
last
half
83,769
2,878
divs.
for
no
reached
$930,642
stock
The
common
cents
holders
made
were
as
to
15
Detroit
Corp.
91,750
could
a
Bethlehem's
Including dividends of $5,250 from controlled
company not consoli¬
dated.^ tAs reported in 1941. The revised net profit for this period
is
$693,545, equivalent to $1.75 per common share.
tAs
(The) Aviation Corp.—Division's Output Up 25%—
Production
1,338,355
§840,290
common
Larger Dividend—
dividend
a
Payments in 1942 were
15, Sept. 15 and Dec. 15,
June
for
1,343,006
Corporation Mr
he
ship
the last half of this year.
$2,620,320
1,375,212
the
and
a
For the
estimated that between
1940
$2,484,095
of
schedule
on
objective of
of net billings and 5.05% on the
investment in the
three months ended June
30, 1942. the earnings
equalled 1.69% on billings and 4.45% on investments.
During the second quarter Bethlehem expended
while
11941
the
equivalent to 1.35%
through
3,116
...
•Deficit.—V. 158,
.
bonds
was
of
Grace pointed out
Corporation.
*
Net
Net
—"V.
$1942
$2,400,482
From Jan. 1—
joint facilities
said
on
bonds
shipbuilding activities
program
all
efficiency
are
work stoppages.
He disclosed that Bethlehem
ships in the first half of the year than in all of 1942.
Mr.
Interest
$1,539,940
—
notes pay.
Net
paid for
equipment &
of
of
the
in
All
new
there
if
'
outstdg..
7,555,000
amount
rent
:
retirement
that
boats will go at 15 to 16 knots.
vessels will make for
greater
new
the
the. achievement
more
and
rental,
earned
Gross
A
paid
86,286
Net profit
Divs. on 7% 1st pfd. stk.
Divs. on com. stock
;
Shs. com. stk.
$4,282,902 $41,652,026 $21,410,955
1,100,000.
the
of
Discussing the
to
cigar
licenses
profit
on
1942.
1943—6 Mos.—1942
$9,407,085 $81,141,810 $51,967,245
5,124,183
39,489,784
30,556,290
6,645,951
expenses
Net oper.
RR.—Earnings-
1943—Month—1942
of
___—
Total
112,470
250,970
for
hour, whereas the
said
'
and miscell. Income—
914,711
1,184,651
from
1942
Subs.)—Earnings—
1,194,916
rights—
Profit
Amt.
Net ry. oper. income-—
Net
15,
and accrued interest.
be
1943
income
$643,614
railway
Net from railway
Net ry. oper. income—
Aug.
admin.
————
of
patent
Int.
from
Gross
(&
——
machine
,
*38,544
158, p. 81.
June—
h
will
annum
Prov. for depreciation of
Atlanta & West Point RR.—Earnings—
'
per
available
over par
$2,824,257
&
gen.
Provision
Gross
5%
6 Mos. End. June 30—
Selling,
♦Discount,
income—
oper.
the funds
Gross profit
1,728,272
141,349
46,494
115,966
58,629
from
ry.
1940
due
616,000
$251,742
5,691
2,146,970
386,017
2,563,712
531,647
171,061
from railway—™
Net ry. oper. income—
From Jan. 1—
Net
be
may
of
rate
mobiles
$381,925
87,462
30,578
$458,846
Gross
the
Amort,
1941
1942
$553,342
147,852
50,041
Net
as
required by said plan at not
bldgs., equip, & auto-
June—
Gross from'
bonds,
-
Bayuk Cigars, Inc.
Atlanta Birmingham & Coast RR.^-Earnings—
.
gold
Aug. 14, 1943.—V. 157, p; 2143.
30,630,609
817,362
76,514,084
2,321,345
7,394,912
531,168
—V. 158, p. 81.
•'
as
at
30,869,487 222,859,046 151,227,321
16,833,784 113,175,868
92,230,042
19,778,352
fund
until
nearly
as
13,365
13,154
13,363
'
39,298,632
expenses
Other debits
'?■'
13,148
revenues
oper.
tax
operated
sinking
to said plan of reorganization the Continental
Bank &
of New York, as successor
trustee, 30 Broad St., N. Y. City,
Aug. 9, 1943, at 3 o'clock, receive written proposals stating
the bond numbers, for the sale and
delivery to it as such trustee on
Aug. 16, 1943, of bonds of said issue in an amount sufficient to exhaust
will
1943—6 Mos.—1942
1943—Month—1942
6%
Trust Co.
an
Atchison, Topeka & Santa Fe Ry.—Earnings of System
Period End. June 30—
pIso result in lower costs.
fee
Pursuant
Gas & Electric
increase of 12,084,091
121,691,582 units a year ago.—
Associated
This is
construction
report for the week
Corp.
the
of
(kwh.).
the
ar'i
first
158, p. 356,
'
■
Electric
output
133,775,673 units
9.9%
or
Associated Gas &
per
mortgage
(modified);
(Continued from Page 452)
Associated Gas & Electric Co.—Weekly Output—
The
& FINANCIAL CHRONICLE
—V.
of
payable
157,
p.
75
cents
Aug.
2
on Feb.
1
and
1646.
1
share has been declared on the capital
holders of record July 27.
This compares
per
to
Distributions in 1942 were as
Aug. 1, 75 cents; and Nov. 2, $1.
and May 1, last.
May
1, $1 each;
t
series
Co.—
announced
was
of
offer
each
for
of
share
July
on
23
same
time
the
company
would
As of Dec. 31.
78,266 shares of $25 par
England.—V.
London,
in
158,
and
the
computing
other
$250,000
offer,
oil
meters, tanks,
157, p. 2445.
pumps,
products.—V.
t
,
and
beverage
Ended July 21—
7 Days
Celotex
—V.
158,
America—Earnings-
—Earnings—
Gross
earnings
Net
earnings
before
■
$2,144,888 $13,634,927 $12,012,158
$2,400,506
& amort
158, p. 82.
dep.,
—V.
Bridgeport Brass Co.—Earnings—
subsidiaries)
unconsolidated
(Excluding
Months
Net
other
tEarnings
$867,495
stock.—V.
post-war refund of $327,650.
157, p. 1646.
interest.
Sinking Fund—Annually an amount equal to 15 % of the net earn¬
ings, applicable to the payment of dividends on the capital stock, but
not to exceed $200,000.
If 15% of such net earnings amount to less
than $125,000, then, unless amounts paid into the sinking fund for all
preceding fiscal years together with the amount then payable shall at
least average $125,000 for each year, the company shall pay a sum
at least equal to such deficiency.
Sinking fund redemption price to
and including June 30,
1946, is 102%, plus interest, and thereafter
is the redemption price otherwise applicable as set forth above.
Purpose—The net proceeds after deducting estimated expenses, will
amount
to
approximately $2,878,597.
Net proceeds, together with
other funds (estimated at $195,000 including $31,415 for redemption
premium but excluding accrued interest) of the company, will be
placed in trust, concurrently with the delivery by the company of the
debentures now offered, for the purpose of redeeming the outstanding
10-year 4%% debentures, due Feb. 1, 1947.' As of July 13, 1943, such
debentures to be redeemed were outstanding in the principal amount
of $3,141,500 and there was $101,189 in cash in the sinking fund for
In each case plus accrued
at 100;
Brooklyn Edison Co., Inc.—Earnings—
$13,006,255 $53,999,023 $55,286,811
5,645,097
5,635,362
21,986,830 22,328,935
1,420,972
1,421,972
6,070,887
6,139,936
4,658,133
3,870,024
16,844,391
14,982,127
$12,998,258
revenues
•Operating
expenses
—
Depreciation
Taxes
——
Operating income
Other
income
Net
income
$9,246,882 $11,997,091
2,375,588
2,366,673
$2,096,308
615,298
161,278
149,967
640,058
$724,582
$1,456,250
$6,871,294
$9,630,418
772,726
—
766,651
3,076,517
3,072,941
maintenance
expenditures
of
allowance
—,
has
for
made
been
indicate
computations
preliminary
V.
.17,411
$1,339,880
—
$9,096,915 $11,835,813
$2,078,897
65 824
deductions
•Includes
tNo
$1,274,056
—
—
income
Gross
tlncome
1943—12 Mos.—1942
1943—3 Mos—1942
Period End. June 30—
Operating
Federal
excess
excess
profits
no
profits
tax,
as
liability.—
tax
current
1942
Common stk.
*$320,303
$401,530
Earnings per common share
$0.98
$1.23
•After $250,000 provision for wartime contingencies.—V. 157, p. 1805.
profits
excess
taxes
Jun,6-—
Gross
from
from
Net
ry.
19,233
1941
$113,817
20,744
7,466
1940
$90,651
*4,642
*19,562
730,515
100,674
6,179
593,866
54,035
*33,049
613,283
*23,698
*75,174
;—
139,403
1942
$125,525
30,682
income—,
95,333
1,554,455
1943
$301,299
railway
railway
oper.
from
from
Net
railway.—,
379,772
income.—
oper.
ry.
615,989
railway.
♦Deficit.—V.
$821,032;
employees of the company and others.
Such persons had
by July 20, 1943 subscribed for or expressed an intention to subscribe
for approximately 35,000
of such shares, but no such shares have
have
appointed a
in
earned
Cambria
&
Indiana
June—
Gross
Net
from
from
$80,886
ry. oper. income.—
From Jan. 1—
Gross
Net
Net
ry.
—V.
railway
railway
p.
83.
82,377
74,447
85,175
45,090
1,049,190
863,355
325,247
277,522
177,021
431,340
414,125
v
Federal
Other
1943
Net
ry.
railway
railway
1941
$140,100
*34,147
*8,068
Net
Net
from
*146,151"
*94,738
*62,747
920,770
843,481
from
*291,628
104,158
127,154
*310
ry.
*619,768
income—
oper.
*382,613
*252,534
•Loss.—V.
$
Operating
Operating
Net
r—V.
expenses
9,368,000
7,946,000
186.'
p.
44,935,000
from
1943
Net
ry.
income—
oper.
Net
from
Net
ry.
2,661,603
2,261,111
1 777 257
158,
1,110,812
868,734
642'327
858,138
618,755
447|l06
83.
p.
at
1943
from
railway
1942
1941
from
Net
from
Net
ry.
$137,952
11,243
*25 429
*47,245
*18,216
*53!988
was
on
673,358
598,616
railway—
*223,805
*114,109
*17,417
*79,949
income—.
*429,857
*308,257
187,525
*245,569
oper.
158,
p.
83.
Canadian Vickers,
It
687,565
announced
Aug.
1,
on
1943,
Ltd.—Aug. 1, 1940, Coupon Payable
July
of
the
21
that
the
company
semi-annual interest
•'
'■■■■■
'
would
make
instalment
y Vs
l
was
incorporated
in
Delaware
June
>
'
42,348
331,976
426,021
39,250
537,757
462,000
3,132
2,998
37,469
37,431
$50,201
$1,213,660
$857,077
122
35
757
10,106
$72,942
$1,214,417
237,254
$867,1-83
19,389
$50,236
20,185
$53,553
$30,051
$977,163
$626,169
(net)_
income
deductions—
,
':
t
241,014
108,054
108,054
$869,109
$518,115
to pfd. stock for the period—
Balance
-V.
596,952
$72,820
—
revenues—
Dividends applic.
158, p. 83.
June—
Net
ry.
$3,050,062
1,113,554
1941
$2,458,446
1940
$1,814,074
.
$1,224,978
910,055
522,745
74,045
706,168
390,665
*78,87$
18,528,184
12,796,728
10,263,767
7,944,251
7,121,264
4,552,259
3,650,200
2.639,553
867,238
2,684,061
1,763,432
*4,118
income
oper.
1942
1943
t
from
railway
Net from railway-
; ■!
647,533
.
From Jan. 1—
Gross
from
Net
from
Net
ry.
railway
railway
income
oper.
•Deficit.—V.
158,
83.
p.
Central-Illinois
of
As
June
indicated
June
net
$16,10,
was
30,
on June
value
asset
Corp.—Quarterly Report—
market value of securities was below the
of $563,459, compared with $1,206,897 on
31, 1942, and $1,448,570
The
1943,
on
Securities
1943, the
the amount
30,
ledger value in
Dec.
compared
per
30, 1942.
preference
with $12.61
1942.
on
share
as
of June
30,
and $11.55
1942,
Dec. 31,
„
,
%;
.
Income Account for Six Months Ended June 30
1940
1943
Interest
Total
Int.
other
$71,133
$72,146
1,882
1,939
2,488
$73,732
$73,072
$74,634
$87,019
14,068
13,829
15,212
16,299
4,556
4,108
4,128
2,511
3,386
3,620
6,025
2,100
See *
See *
See •
$50,497
$51,749
$51,674
exps.
notes
payable
for Fed. inc. taxes
Prov.
$85,219
1,800
v
Fed.
than
income-
on
on
1941
$71,851
income
taxes
1942
—
& admin,
Gen.
Taxes
Net income for period
5,245
on
purposes
the
on
of
sale
determined for
investments,
.
$59,450
that
provision made for Federal taxes on income for the reason
realized
losses
income
tax
the basis of the original cost, exceed net income for the
period.
Balance Sheet,
June 30
1942
1943
Assets—
Cash
$35,404
•
$56,078
3,993,993,
4,130,673
2,768
2,749
$4,032,164
Prepaid expenses and deferred charges
$4,189,500
;•
Total
Liabilities—
Notes
$200,000
payable, banks
Accrued
taxes
•Convertible
■_
preferred
stock
Common
4,345
2,000,000V
2,000,000
915,736
915,736
par)__;
($1
$425,000
7,997
—.
.
stock
Drl,481,034 Drl,481,034
1,792,658 » 1,804,036
557,600
521,418
tTreasury stock
Capital surplus —
—
^Undistributed net income
—
•Represented
shares
of
insulation
various
also utilized by the company in
materials such as vapor-seal
is
building
and
asphalted
other
interior
types of construction and providing
surfaces.
V
complete exterior
by
stock
V-i i.;1
'■.!
'»
'.
•
i
: -v..
,
■"
r
■..•*.
^
no
in
Central Maine Power Co.—EarningsOperating
revenues
Operation
—,
1943—Month—1942
$1,323,684
308,523
—
1943—12 Mos.—1942
$1,248,349 $16,644,504 $15,620,661
314,866
4,512,119
4,503,739
1,586
Maintenance
5,932
94,750
47,015
66,735
Purchased power
62,317
881,410
843,103
replacement of
Prov, for
107,621
16,207
10,450
143,800
.140,164
127,373
1,596,572
106,171
94,831
1,265,637
1,214,307
9,925
9,611
119,495
110,665
23,293
26,133
282,825
371,053
17,957
17,477
211,685
209,725
$633,123
property leased-depreciation *_
taxes /
Social security (Fed. &
$579,359
bus
for
Prov.
State & municipal
State)
—
r
1,522,451
}
Fed., other than income
consists
company's
'
par shares.
-(Represented by 606,034
treasury, at cost.
fFrom dividends and
200,000
common
Period End. June 30—
,
VV—>:::vV'; Vvv V.v '
acoustical
of
interest.—V. 157, p. 438.
company's
and insulating purposes.
$4,189,500
$4,032,164
Total
acoustical,
i
>t■.
36,554
40,750
approp.
limited-term
res.
income
Net
29, 1935,
The prin¬
plants, the remaining roofing products being manu¬
factured in the plants of Certain-teed Products Corp.
The hardboard products are made of wood fibre, fabricated into
the
pay¬
which
65,444
RR.
Portland
under
Rental
lease
——.—_—
,
4
665,484
50,477
—
income
Int., etc.,
$428,602
products, most of which are manufactured by the
of perforated cane and mineral fibre tile and
tile.;' ./•'-VV • V'•/■ y\V'V:v-;V'V
\V-'..V.r: V-v■
The gypsum products consist of plaster, wallboard; sheathing, lath
and liner board, interior and exterior wall units and roof deck slabs.
Company mines gypsum rock and manufactures gypsum products at its
plant near Port Clinton, Ohio. - In addition the company sells gypsum
products which are manufactured in the plants of Certain-teed Prod¬
ucts Corp., and with respect to the gypsum board products, it acts as
selling agent of Certain-teed Products Corp.
The roofing products consist of asphalt felt shingles, sidings, roll
roofing and allied products. A new roofing product was recently intro¬
duced as Celo-Roof which is a cane fibre product combining roofing,
insulation
and structural functions.
Celo-Roof is manufactured in
$90,950
*13,308
87,839
railway
•Deficit.—V.
ment
house
company,
$130,159
From Jan. 1—
$1,123,967
31,
sheathing, the surfaces of which are coated
or impregnated with asphalt, Another such product
is Cemesto, manu¬
factured at its plant at Metuchen, N. J., a cane fibre insulation product
with
asbestos-cement board covering,
used for the wall sections in
1940
a
$1,749,098
1,166,543
expanded gypsum
8,196
railway
Net ry. oper. income—
ended March
structural
or
sheathing and
,
$106,682
from
Gross
:
of
Gross
$5,220,961
2,841.480
Expenses
$5,730,140
2,976,519
582,759
oper.
Other
1943—12 MOS.—1942
1943—Month—1342
$435,230
234,995
investments
Net
La.,
Marrero,
manufacture
The
Vermont—Earnings—
$841,935)
385.
232,178
taxes
Amort,
the juice has
Rigid
the
and
June—
Gross
*16'621
1,369,614
Canadian Pacific Lines in
Net
*35,912
1,058,777
income—
'Deficit.—V.
*5 827
67,046
37T46.379
railway
oper.
$154,372
860
>
railway
$1,709,732
114,587
Federal excess
of
months
five
other building
1940
$190,674
99,112
206,033
From Jan. 1—
Gross from
1941
$1,660,271
49,461
principally from bagasse, the fibre remaining
been extracted from, sugar cane, end are used for
exterior
sheathing, plaster base, exterior and interior finish, roof
insulation, for insulating refrigerating
equipment and for various
$311,427
p,
.
plant
,
i942
,
railway
$589,513
railway—256,329
2,615,936
1,247,790
107,087
-
is engaged in the building material business.
cipal products which it sells consist of rigid insulation,
gypsum, roofing and hardboard products.
The rigid insulation products
are manufactured at the
Canadian Pacific Lines in Maine—Earnings—
June—
$4,002,796
262,893
company
after
Net
$3,362,650
365,762
$3,881,374
121,422
profits tax for the year 1942 and
1943, are after deducting post¬
refunds of $30,000 and $111,069, respectively.
/ :
and
38,019,000
■
Gross from
taxes
Business—Company
$
31,789,000 210,484,000 169,415,000
29,892,000 23,843,000 165,549,000 131,396,000
.
revenues
158,
$
39,260,000
revenues
$3,191,673
170,977
exc.
1943—6 Mos.—1942
$
■
&
inc.
amounts
the
war
1943—Month—1942
Mar. 31,'43
1,881,924
income —$771,696
•The
for
Ry.—Earnings—
1942
7
$9,812,565
6,270,370
*340,991
profits
Net
Period End. June 30
5 Mos. End.
4,522,293
$1,233,774
354,991
income
for
*Prov.
158, p. 83.
Canadian National
—
deductions
Income
railway.
7
4,481,347
3,925,877
$1,080,066
153,708
profit
income
Total
*61,533
1,253,700
158,
$435,911
taxes
*No
$13,817,501 $19,977,155 $23,510,363
8,811,558
12,304,135
15,106,696
sales
Gross
872,800
railway.—_
$15,381,680.—V.
total,
Investments
Other
$133,728
*8,071
From Jan. 1—
Gross
of
1941
1940
.
Sell., gen. & adm. exps.
1940
$130,928
*89,612
income
oper.
1942
$134,200
$4,438,967;
revenues
retir.
Prop,
for Stated Periods
Earnings
and
sales
Net
Cost
from
from
the basis
shares held. No action has . yet been
Year End. Oct. 31
479,314
surplus,
Central Arizona Light & Power Co.—Earnings-
stockholders.
742,426
498,110
|
June—
Net
ten
by the board of
of any offering
common
Canadian National Lines in New England—Earnings-—
Gross
each
for
the com¬
directors of the company to authorize the
to the common stockholders. It is contem¬
plated that, within a reasonable time after the issuance of the deben¬
tures now offered, such offering will be authorized and made to the
$112,075
27,873
920,595
252,086
income.—
oper.
158,
share
new
one
Sales
from
from
$177,011
91,656
22,408
Net
$183,432
34,419
railway
railway
debebntures, due Feb. 1, 1947, $3,158,500; other
preferred stock
($100 par), $2,977,250; com¬
Income—Dividends
7
making
1940
1941
void.
above, and not exceeding 70,226 shares of common stock to
mon
stockholders of the company at $10.50 per share on
taken
1942
5%
Period End. June 30—
1943, the common stockholders of the company approved
the issuance and sale of the 63,841 shares of common stock mentioned
RR.—Earnings—
1943
charges,
(638,410 shares no par), $638,410; paid-in surplus,
Operating
Operating
On June 18,
of
investments,
upon
have become
mid-August, it was stated.-r-V. 158, p. 185.
.-V.
notes and
other
(net),
$355,606; other
inventories, $2,963,850;
$2,053,414;
fixed assets
$3,321,216;
(bank), $500,000; accounts payable (trade),
payable (other), $97,888; accrued liabilities, $1,-
$46,300;
stock
mon
issued. The amount outstanding included 2,279 shares
surrender of securities of predecessor company and
2/3 shares no longer issuable in respect of scrip certificates which
126
committee of three of their number
plan for clearing up accrued dividends of $12 per share
on
the preferred stock.
Final action on the plan, details of which
have not been disclosed, will be taken at a directors' meeting sometime
a
(net),
accounts
been
yet
200,008
—
intangible assets, $1; deferred
total, $15,381,680.
liabilities,
share to
as
300,000
300,000
300,000
*
-
____
„—
10-year 4%%
861,398;
The amount
of securities
predecessor company and 155 7/10 shares no longer issuable in
respect of scrip certificates which have become void. tOn July 9, 1943,
the company offered for sale 63,841 shares of common stock at $10.50
per
Corp.
__
Liabilities—Notes payable
of
158, p. 83.
directors
consider
from 29,772 % shares to 148,862y2 shares.
includes 710 shares issuable upon surrender
outstanding
Burry Biscuit Corp.—Plans to Pay Arrears—
The
securities now offered. iBy amendment
effective July 12, 1943, each share
cumulative
5%
issuable
to
the
are
certificate of incorporation,
the
outstanding
From Jan. 1—
Gross
Net
148,862% shs.
1638,410 shs.
•
preferred stock (par $100) became five shares of
5% cumulative preferred stock (par $20), which increased the amount
authorized from
100,000 shares to 500,000 shares and the amount
Burlington-Rock Island RR.—Earnings—
Net
(no par)— —
debentures
•The
of
300,000
Curtis
$259,603;
assets,
_
to
300,000
;
&
$26,296;
assets,
$4,864,861;
Gross
$3,000,000
'
500,000 shs.
1,500,000 shs.
12-yr. 3%% debentures, due July 1, '55
t5% cumulative pfd. stock (par $20)-
profit after all charges and Federal income
and
Jackson
receivable
accounts
Outstanding
Authorized
1943
Quarter End. May 31—
300,000
—;
.
Consolidated Balance Sheet March 81, 1948
Assets—Cash on hand and demand deposits, $1,546,834;
„
Capitalization
Net
Co.
_—
Moseley & Co.—'
Securities
300,000
300,000
-J,——
Central of Georgia Ry.—Earnings-
(& Subs.)—Earnings—
Buffalo Forge Co*
;>!■ $400,000
—
-
Co.
Webber,
retirement of such debentures.
the
1646.
157, p.
to and including June 30,
June 30, 1946, at 102%;
at 103%; thereafter,
thereafter, to and including
1944,
30,
each has agreed to purchase
_
Kebbon, McCormick & Co._;
1945,
at 103;
there¬
after,
to and including June 30, 1947, at 102; thereafter, to and
including June 30, 1948, at 101%; thereafter, to and including June
30, 1949, at 101; thereafter, to and including June 30, 1950, at 100%;
thereafter, to and including June 30, 1954, at 100'/a; and thereafter
June
$0.88
$0.92
tOn 942,990 shares
$0.73
share
per
common
1941
$894,926
*$747,843
reserves—
•After deduction of
of
1942
•
depreciation
profit after taxes,
and
1943
30—
Ended June
London, manufac¬
hardboard products.
and the prin¬
———
Inc.
Marks &
Union
7
6
S.
and
several underwriters,
Weeks
&
M.
near
insulation
Inc
Co.,
Republic Co.,
Paine,
Chicago made public
offering July 26 of $3,000,000 12-year 3%% debentures
at 100 % and accrued int.
Other underwriters include
A. G. Becker & Co., Inc., Central Republic Co., Inc.,
Hornblower & Weeks, Laurence M. Marks & Co., The
Milwaukee Co., F. S. Moseley & Co., Paine, Webber,
Jackson & Curtis and Kebbon, McCormick & Co.
Dated July "1# 1943; due July 1, 1955. Redeemable to and including
10,649,220
11,237,250
1,817,038
expenses—V. 1,983,221
F.
&
located
is
rigid
of the
Co.——.
&
Milwaukee
The
H. Davis & Co. of
headed by Paul
$3,961,926 $24,872,177 $22,661,378
$4,383,727
*
Becker
G.
Laurence
Corp.—Debentures Offered—A banking group
Celotex
from
.
operation
Operating
1943—6 Mos. —1942
1943—Month
Period End. June 30—
sells
also
debentures which
as follows:
are
company
Davis
Hornblower
effect to any-provision
taxes.—V. 157, p. 1949.
giving
profit
excess
Currency)
States
United
1941
1942
$959
$111,901
$166,842
for Federal income or
after charges
earnings
*Net
Co., Ltd. (& Subs.)
plant
whose
principally
amount of such
H.
Central
1943
30—
sells
the
from
Paul
Catalin Corp. of
Limited,
and
cipal
„
A.
filters and
•Without
in
1942
$5,002,000
4943
-
.
$6,224,000
six Months End. June
(Expressed
.
It
Ind.
Lagro,
near
Underwriters—The names
288.
p.
v
Brazilian Traction, Light & Power
tures
earnings
Traffic
plant
material for manufacture of cement.
raw
Canadian Pacific Ry.—Earnings—
of new money will be expended imme¬
diately for improvement of the Eagle Dlants and an
increase in
production schedules is pledged.
The offer also undertakes to con¬
tinue the industry in Connecticut.
The Bowser corporation is a manufacturer and patentee of meter
Under
its
processed from slag, for use principally in
load-bearing concrete. A subsidiary
weight
385.
p.
other*
shelving and for
partitions,
paneling,
company
an expanded aggregate!,
the preparation ox light¬
of the company owns a
patent and issues licenses for this type of concrete. • Company also
mines gypsum rock near Falfurrias, Texas, all of
which is sold as
in
capital stock.
value
for
used
are
Company is a selling agent for these products.
also manufactures and sells impregnated
roof deck
promenade surfacing and a cane fibre product for meeting needs of
expansion joints
in concrete construction.
Company sells various
forms of rock
wool insulation, a
portion of whicii it manufacturers
Tne
mentioned, original due date.
at the
and
purposes.
payment of the semi-annual interest instalment due on the
above-mentioned bonds on Aug. l, 1943.
Such payments are being made upon presentation and surrender for
cancellation of the respective coupons relating to the particular semi¬
annual interest instalments aforesaid,
at the Bank of Montreal in
Montreal or Toronto, Canada, or at the agency of the Bank of Montreal
in New York, N. Y., or at the office or agency of the Bank of Montreal
Eagle Lock held.
capital stock of
Eagle Lock Co. had outstanding
1942, the
1,
Aug.
sheets,
mtge. 20-year 6% sinking fund gold bonds,
1940, with interest thereon at the rate of 6%
1st
the
on
on
make
for the
exchange
A,
per annum from the said last
It was also announced that
that the Bowser cothpany has made
stock of the Eagle Lock Co., Terryville,
Conn., and that stockholders of the latter company Will meet in the.
near
future to consider the proposal.
The transaction, it is esti¬
mated, will involve approximately $2,500,000.
Under
the
offer, S25 par value
of 20-year 5%
debentures and
one-half share of common stock of Bowser will be issued in exchange
It
due
became
Ind.—Makes
Bowser & Co., Inc., Fort Wayne,
(S. F.)
Offer for Control of Eagle Lock
an
Monday, August 2, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
482
Net
operating
income
-
"
income
Gross
—
other
*
7,470
124,182
$7,660,393
$6,818,869
220,940
167,549
2,357,069
1,976,723
75,428
955,054
1,031,704
deductions
Fed. inc. tax
~
$586,829
7,949 "
L——
j
$7,536,211 ' $6,690,982
$641,072
Non-operating income—
•'
'
127,887
*
]
I
)
(normal &
Int.
'»
&
•
surtax)
Fed. excess profits tax_
Net
Pfd.
—V.
income
div.
—
requirements-
158, p. 83.
-
74,097
81,791 ;
$264,244
111,819
63,580
"
934,844
553,068
$280,272
$3,413,426
$3,257,374
141,430
1,534,483
1,697,155
j
1
Volume
158
Number 4199 '
P.'
THE COMMERCIAL &
'
Bureau
Gross
from
Net
ry.
1940
$3,939,411
the
•
$5,059,242
$4,977,473
1,385,50S
1,567,260
1,352,177
382,633
713,110
774,665
91,225
railwayrailway
31,324,620
27,111,257
20,253,386
17,288,169
9,017,192
8,245,669
5,382,490
4,025,469
income—
3,388,964
3,669,639
1,810,141
506,024
oper.
from
from
Net
ry.
—V.
oper.
158,
Central
;Operating
Vermont
Public
from
Net
ry.
Corp.—Earnings-
Net
$2,785,031
601,494
601,022
825,472
868,183
9,455
11,537
109,037
109,581
depreciation-
16,529
193,318
255,784
Gross
municipal taxes
16,476
16,321
14,101
183,994
169,620
Net
—
Net .from
$84,267
$55,928
927
49
1,158
$55,977
36,290
$1,024,417
$697,755
436,918
364,256
35,046
17,000
W
Gross
Aug.
10
and
declared
Oct.
30,
1942.—V.
on
the
record July
31.
Net
ry.
last,
157,
and
282,645
lo6,838
214,486
85,203
5,030,390
5,578,833
1,795,826
1941
$306,783
143,600
62,622
75,034
"•
1940
/
97,100
Other
15,829
from
railway--—
2,292.^59
1,925,747
1,673,326
13,581,357
960,276
761,416
717,408
467,632
471,834
Orleans
62,107,133
17,636,519
11,132,386
At the
Fund,
Texas Pac.
&
1942
323
represented
$2,972,864
$2,445,184
$1,875,038
asset
per
of
end
of
value
$10,858,925,
1943,
and
shares,
$9,65
or
with
share
net
$10.05.
was
share
a
assets
of
This
compares
1,125,042
on
$7,831,750,
or
with
shares,
$7.86
Rothschild
2,429,558
England,
Y.,
Tenders
and
$338,201.—V.
for
157,
the
$5,172,956
$5,494,530
$2.05
Income—cash
dividends
Net
.
profit
gain
,
Net
$83,944
$77,974
13,340
13,102
16,800
June—
Gross
Net
ended
June
"first
securities
in-first
basis
$75,842
Gross
$61,173
611
U.
on
S.
Balance
33,013
Government
Sheet
June
10,673
30,
obligations of
30,
$2,624,
capital
$10,853,825;
Liabilities—Payable
accounts
payable
payable,
The
on
repurchases
accrued
capital
of
stock,
capital
and
expenses
stock
to
not
$9,595;
Fed.
income
2,381,746
4,942.942
23,861,681
893,371
5,630,507
18,065,537
2,162,851
15,043,070
from
ry,
on
Gross
$0.28
$1.92
ry.
$1.54
42,800
41,395
264,845
255,825
2,073,302
2,121,456
14,778,225
11,831,129
from
from
Net
ry.
railway
1942
-
Gross
from
from
Net
$16, 549,925 $12,801,806
6; 870,102
income—
from
ry.
—V.
ry.
1, 408,377
1940
Net
Net
from
Net
Net
ry.
1,016,291
*88,733
158,
68,838,252
51,779,408
23,979,234
14,398,054
22, 182,469
11,521,761
7,335,282
1943
ry.
railway
railway
$1,883,002
979,736
income
oper.
1942
$2,632,456
from
8,568,094
2,202,886
Net
ry.
Net
from
Net
ry.
—V.
158,
366,949
1,576
243,420
119,073
10,225,717
2,681,461
8,907,550
7,483,572
2,401,320
1,317,946
2,243,211
1,101,156
1,038,573
34,096
this
Federal
income
and
excess
$1,011,383
profits
taxes—.
*654,365
$357,018
$1.52
Earnings per common share—
profit for the quarter ended June 30, 1943, amounted
letter
check
Notes—(1)
taxes
the
In
estimating
provision
for
income
and
$454,560.
excess
profits
used the same percentage figure (64.7%) as in
stockholders for the year 1942, which we considered
ample to cover tax liability.
The Revenue Act of 1942 was passed
very late
in the year and at the years' close regulations
covering
some
important factors had not been issued by the
Treasury and
indeed have not been issued as this is written.
Our Federal taxes
the
for
report
the
company
to
years
1939
to
1942,
inclusive,
are
now
being
audited
N.
M.
E.C.,
St„
4,
New '
company
from
company
other
that
it
listing
things,
$1,711,000
and
be
for the
electricity
of
that
have
is
,
price at which
been
probable
and
of
registration.
the
$1,900,000
purchased
that
by
the
the
acquired
corresponding week of last year,
increase
an
Statement, Including Subsidiaries
1943—3 Mos.—1942
51,474,253
1943—12 Mos.—1942
48,952,690 208,225,562t208,851,399
9,866,224
41,079,854
40,421,686
1,681,694
12,984,070
10,055,643
10,197,170
2,704,514
gas_—
oper.
revenues
158,
■"Operating
208,433
18,833
608,261
564,701
64,984,193
61,065,317
a
by
the
revenues.
expenses
—
2,313,564
t2,361,145
31,220,762
264,603,050 261,689,873
122,364,202t 117,681,674
28,369,423
900,023
428,698
954,141
353,318
6,595,972
*60,653
28,867,261
29,483,760
tl6,62G,728
64,277,745
165,790,556
10,259,849
143,714
9,539,694
49,093,842
48,733,883
Br765
196,753
Dr97,235
10,403,563
9,538,929
49,290,595
48,636,648
4,430,647
4,429,663
17,719,627
17,719,067
327,831
408,346
/
3,030,864
1,421,669
6,529,472
16,907,615
——
Operating income
*161,971
3,716,826
income
Gross
Int.
of
interest,
debt
$159,748
and
miscell.
de¬
ductions
1942
$127,087
debtamort,
discount
and
exp.
-Earnings-
income
long-term
on
Other
386.
p.
oper.
STaxes
1941
$137,743
—
1,043,415
934,890
Interest charged to con¬
1940
struction;
$104,706
24,060
62,511
56,753
12,203
28,549
885,612
805,133
659,817
355,981
368,878
389,277
133,683
136,009
217,051
Cr556,498
Jul,-.'/•
on pfd. -stocks of
subsidiary companies.
21,615
895,632
Cr231,386
-
JDivs.
40,874
18,462
Net
V; /•/;
income
for
y\.uy,\:^
Cr477,530
■(
.
,7 i:,v./
7,652
Cr3,925
52,608
61,376
5,868,819
4,704,845
31,031,443
30,398,845
10,917,700
10,921,825
18,353,643
18,353,643
1,760,100
1,123,377
—.
1942
1941
1940
1,313
$98,075
5,733
$114,716
24,879
the
the
of
33,579
*15,632
728,531
608,001
627,012
JHeld
53,414
125,003
38,063
1,268
64,367
of
record
income
9,274
declared
above
been
&
,
elected
preferred
stock
of
Other
\
"
made
for
no
share
f
electricity—
157,927
revenues
8,
says;
preferred stock
is
the corporation
Delaware dividends
the
corporation
$4,446,000.
advised
was
could
to
Before
that
legally be
1943—12 Mos.—1942
the
extent
of
such
$
l
4
\ '
$
J
8,170,443
33,934,545
33,438,468
1,999,001
4,534,511
16,879,076
37,940,885
36,358,817 152,191,480 150,939,626
20,478,668
18,512,936
expense
discount
and
75,820,968
16,355,000
134,745,799
5,308,130
28,204,435
24,017,859
4,418,438
15,356,980
17,134,017
9,726,568
43,561,415
41,151,876
2,677,185
2,677,194
10,708,740
10,709,192
173,921
long-term debtinterest,
amort.:
debt
15,425,374
29,855,276
10,506,702
income
3,765,500
18,772,251
4,477,877
Net
214,437
miscell.
stock
505,166
437,459
Cr556,498
Cr477,530
32,904,007
30,482,755
10,944,450
10,944,450
stock-
21,959,557
19,538,305
2,847,870
10,105,919
to con¬
Cr231,386
income
Dividends
78,706,395
and
deductions
Interest charged
struction
1
J
26,189,373 113,722,424tll0,622,082
6,028,825
.
income
on
of
the
on
pre¬
7,843,392
Gross
declar¬
under
declared
as
3,590,000
—
Operating income
Int.
29,330,607
8,452,351
gas
oper.
Other
July 22, accompanying the
the preferred stock, $6 series,
Vv:'-
on
17,777,493
excess profits tax
profits tax liability.
1943—3 Mos.—1942
ITaxes
Payable Out of Capital—
per
$1.70
16,750,370
Federal
excess
J
"Operating expenses
Depreciation
Corp.—Weekly Output—
the
of
•
Total oper. revenues—
Other
the
of
>•
*
of
Sales
stockholders, dated
$3
1
■•
v
Sales
a
Vice-President to succeed
charge of sales, who retired
in
Southern
July
on
4,528,319
Earnings of Company Only
~J
dividends
State
4,358,767
liminary computations indicate
Period End. June 30—
Vice-President
of
$1.75
^
has
of
stock
by the public and share of net income applicable to minority
common stock of subsidiary companies,
allowance has been
74,476
158, p. 84.
preferred
—
interest in
579,089
121,238
dividend
the
—
-{-Reclassified for comparison with 1943.
$79,694
*11,258
1,048
SNo
income
to
-
♦Incl. maint. expend, of
5,648
Reace
—
Earned per share on common
corporation for the period Jan. 1, 1942, to
April 30, 1943, after deduction of the preferred dividend of 75 cents
per
share paid April 1, 1942, was $4,463,289.
The total of the $3
laws
-
cumulative preferred dividends.-.
Common dividends
:
;
197,091
Ry.—Earnings-
$100,200
Freeman,
net
—
$5
300,848
•
1.—V. 158, p. 84.
holders
to
ing
to
of
William
percentage of the par value) must be
a
among
of steam—
corporation adjusted to show general business conditions of terri¬
dividend
""Estimated at 64.7%.
Net
kwh.
Depreciation
weekly kilowatt hour output of electric energy of subsidiaries of
"The
)
;
4,550,320
Preferred Dividend
A
profit
office
London,
46
*62,957
«:
tory served for the week ended July 22, 1943, amounted to 238,040,004
as
compared with 208,186,724 for the corresponding week in 1942, an
Increase of 29,853,280 or 14.34%.
Earnings for 6 Months Ended June 80, 1948
for
of
Total
2,565,892
1,523,731
...
Commonwealth
The
Chicago Mill & Lumber Co.—Earnings—
Net
RR.
ultimately
Sales
214,448
Earnings before provision for Federal taxes
the
issued,
are
Sales
fund.
105,311
income
T.
A.
of Aug.
as
i
Provision
aggre¬
sinking
294,546
income—
oper.
Gaylord
84.
p.
to
the
1940
railway
William
1940
6,228,992
income
the
Lane,
Co.,
84.
'Deficit.—V.
$1,211,547
288,107
railway
oper.
prices
sufficient
of
Commonwealth Edison Co.—New Vice-President—
15,868,035
railway
of
Trust
the
at
Swithin's
33.8%.-
Sales
$488,698
January 1—
from railway
from
$1,490,305
573,974
of
stated,
Maine
will
Other
railway
railway
Net
1941
obtainable
St.
Schroder
vv 4
the
1941
railway
oper.
43,903,674
84.
p.
8
■;
July 21 the granting of an application by
Exchange to strike the first mortgage 4% bonds,
1943,
Period End. June 30—
York,
for
at
From
From Jan. 1—
Gross
provisions
New
bids
stock
$639,117
railway
p.
from
915,143
44, 681,097
/' June—
from
receive
amount
an
the
Broadway,
25
preference
237,019
from
Gross
$7,026,375
Chicago & Eastern Illinois RR.—Earnings—
Gross
140
Aug.
on
1943
2,612,443
2,157,404
of
Consolidated Income
1942
June—
$9,408,854
4,355,042
99, 463,960
income—
oper.
&
140,300,000
;*'
$860,133
income—
oper.
158,
Gross
railway
railway
'Deficit.—V.
m-
6,601,215
railway
railway
from
Net
From Jan. 1—
Net
1,967,136
v : ':f
Ry.—Earnings-r-
Columbus & Greenville
1941
forms
Court,
(expressed in
which
Balance
railway
oper.
2,418,654
-•!;1
412,116
income
oper.
Net
1943
4
From Jan. 1—
Gross
June-
Net
''
$142,329
from
from
Chicago Burlington & Quincy RR.-- -EarningsGross
York,
1943
Net
386.
p.
New
Colorado & Wyoming Ry.
^
profit and loss
158,
2,746,712
price to
Southern
railway
common
$0.27
Total
announced
application
Other
June—
Balance transferable to
—V.
3,171.004
r" '•k, VIV
convertible
under
railway
oper.
Net
share
after preference div.„
Sinking and other ap¬
propriations of inc.—
8
the office
at
11
10
v
on
New
20
.10,341
9
company
on July
28 announced System output of electricity
generated and purchased)
for the week ending July 25,
amounting to 207,100,000 kwh., compared with 162,200,000 kwh.
for the corresponding week of 1942, an increase of 27.7%.
Local dis¬
tribution of electricity amounted to
187,700,000 kwh., compared with
1267.
'"Deficit.—V.
15,184,067
12,086,954
Per
3,391,144
2,793,453
1943
from
5,246,003
2,116,102
made
office
9
1943,
4.423,548
From Jan. 1—
18,841,322
932,901
2,578,180
—
f
required
railway.-—
Net from railway
Net ry. oper. income
1943—6 Mos.—1942
taxes
2,681,738
be
the
10
The
204,598
5,361.465
£«• ;
\1
business
the redemption
p.
N
6
195
....
Consolidated Edison Co* of New York, Inc.—Output—
272,883
excess
profits taxes
railway
of
of
from
Net
Net operating income
Net income
Other
Co.
close
redeemable
June—
Gross
$14,465,067 $16,377,317 $97,982,469 $84,160,381
and
Trust
the
amount
Net
1943—Month—1942
$608,255
-M
6,018,309
2,840,233
'1 '"v1
Colorado &
Chesapeake & Ohio Ry. Co.—Earnings——
527,215
3,529,067
6%
exceed
157,
Gross
Period Lad. June 30—
of
7
17
17
.
other
taxes,
$21,192; dividend
$1,158,462, paid-in surplus
($1
it
the
—V.
par),
(after deducting net realized losses on sale of portfolio securities of
$23,761; for the current year to date and $216,470 for the three pre¬
ceding fiscal years; net realized gains for prior years of $33,558.41
were distributed
as
dividends), $10,038,704 undistributed income, $5,099; total, $11,302,560.—V. 158, p. 288.
Gross
505,153
6,546,378
income...
will until
to
M
—
(electricity
railway.
Guaranty
Y.,
gate
total, $11,302,560.
and
$69,508;
1940
597,644
158, p. 84.
sale
4
4
125
136
—.
.
remaining
by the latter.
The order became
effective at the close of the trading session
July 26.—V. 122, p. 2795.
of
1943
18
Stock
1,
bonds
(The) Colon Development Co., Ltd.—Tenders—
on
L
or
SEC
April
The
1943,
1941
$980,170
600,493
340,295
railway
oper.
K
2
Sons,
at
Boston
due
49,400
deposit with custodian ($125,000 redeposited by cus¬
with
three other banks),
$363,130; receivob1" from oies of
stock, $58,869; dividends and interest receivable, $26,735; in¬
vestments,
ry.
N.
Assets—Cash
todian
from
Net
—V.
—
interest
from
Net
on
out"
—
■"Includes
$75,631
1942
$1,028,777
453,143
ry. oper. income—
From Jan. 1—
$77,987
5
6
.
11
Connecticut & Passumpsic Rivers RR.—Bonds Delisted
bonds
$963,434
Net
or
portfolio
railway
railway
90
In the tender.
The
of
1943
from
from
&
d.
J
must
the
Clinchfield RR- -Earnings—
1940
(before
loss on sales
portfolio securities
loss
on
sales
of
of
1941
$88,971
"SOS,279
20,292
Expenses.-—
N.
stated
increment.
months
tenders of
$2.18
$1.06
six
prepared to receive
I
9
they are tendered
2039.
p.
Antofagasta, Chile—
bonds of Compania Salitrera de Tarapaca
y Antofagasta."
The series, numbers arid amounts of the bonds and the
1943—6 Mos.—1942
discovered
y
in Santiago, Chile, and
must be lodged at one of the offices mentioned above not later than
3 p.m. on Aug, 12, 1943, in a sealed envelope marked; "Tender of
Co.—Quarterly Earnings-
$2,667,779
158,
Series-
7
3
399
or
of
are
a.
-
0
8,986,431
depletion
V.
'
^'3
8
3,359,764
$0.97
for
Sons
17
4,512,009
share—
&
10
701
3,028,250
1943—3 Mos.—1942
$565,687 $13,361,794 $11,187,184
preferred stock of parent corporation
566
10,688,074
charges
$139,659
on
686
Boston
1942
5,444,930
$892,303
Rothschild
——
2,351,978
Earnings for Quarter Ended June 30
1943
6,502,468
228
13,715,307
5,640,794
$2,458,684
to
M.
;
York,
provision
to
686,272
208
months
amount
11,721,916
372,232
1,454
8,777,508
Federal income, surtax and excess profits taxes for the
totaled $5,187,712 in 1943 and
$4,620,990 in 1942.
The foregoing figures do not take credit for the
post-war refund
of excess profits taxes, which for the three months
ended June 30, 1943,
996,739
on
18,408,524
11,721,918
—
G
(2)
June 30) 1942.
on
16,557,694
976,853
l <
!
2,917,480
taxes
amount
N.
—
F.
84.
per com.
—
—
Notes—(1)
31,
^
H
18,142,935
p.
income
E
546,000
six
1,383,971
5,526
C
368,320
Net profit after
assets
March
on
share
a
net
46,762,554
of
deductions
;
D
$1,428,073
819,585
~
Period End. June 30—
the past quarter, the Fund had net assets of
$11,644,by 1,158,462 shares owned by 5,985 stockholders. The
net
stock
Series—
1940
545,767
■"Before
48.143,874
the amounts mentioned below:
Ry.—Earnings
1941
.
362,335
Inc.- -Earnings
3,612,783
12,969,639
non-interest-bearing Income bonds for redemption sufficient to exhaust
3,023,475
1,053,980
Earns,
Chemical
12,467,291
3,613,126
1,371,737
976,853
pfd.
A
1943
from
and
30,723,734
386.
B
Climax Molybdenum
201,909
9,010,130
—
Compania Salitrera de Tarapaca
Tenders—*
938,627
515,094
373,922
542,066
—
——
—
'"Before dividends
p.
'154,527
1,353,800
1,333,009
railway—-
Net ry. oper. income—_
—V. 158, p. 84.
Net from
1943—12 Mos.—1942
1940
From Jan. 1—
Gross
-1942
—
profits taxes
■
on
Messrs.
.
158,
1,899,604
tax—
subsidiaries
52,032,263
9,644,994
—V.
6,614,477
„
Interest-
-Earnings
1941
Gross from railway
Net from railway
Net ry. oper. income—.
44,325
income-—
1942
79,560,992
_
.
June—
$197,087
134,613
v
Pacific RR.
&
■Net ry.. oper. income—
From Jan. 1—
'
$331,937
1943
v
by
the United States Income
15,009,882 201,718,970 180,819,210
5,610,686
73,821,808
70,938,839
1,837,050
23,395,267
21,440,495
3,949,363
16,624,157
16,240,393
4,956,130
income
Gross income
525,115
24,685,673
Gross
the
recipient
$
17.083,337
amort.
&
•Fed. excess
1,346,052
770,507
42,376,554
railway
railway.—.
railway
Net from railway.
$369,739
•
railway
:v.
1,574,599
1,099,702'
1943—Month
revenue
Divs.
<
105,535,415
_
Cincinnati New
439.
p.
the
,
expenses
4,628,329
165,379
2,432,690
1,691,776
~
from
from
dividend
this
of counsel for
to
the
v.-
Gross
$8,652,708
Net
March
on
1942
railway-—
oper.
265,295
6,535,012
-
ry. oper. income.
From Jan. 1—
Similar
10,
with
Period End. June 30-
1940
$18,949,856 $14,264,351 $11,526,354
7,143,232
4,171,075
2,950,397
•
4,054,334
2,047,881
1,699,143
common
143,445
\
from
from
Gross
considered
taxation
eliminating
part
a
Federal
266,810
Net
227,136
share has been
per
as
$725,929
1943
railwayNet from railway
$213,961
227,136
24
the opiniaon
to
186.
Net
of 50 cents
tion.
by
General taxes
ry. oper. income..
28,038,227
"'Deficit.—V. 158, p. 386.
$365,999
18,923
18,928
class
preferred stock,"
Earnings
1941
June—
Charleston & Western Carolina Ry.- -Earnings-
from
538,568
$864,209
income—.
oper.
June
In
subject
payment of this dividend, the corporation
plan proposed by it for a change in its capital stock
therefrom the provision for the distribu¬
of the plan, of $3 per share to the holders of the
the
698,280
568,786
connection
amended
one
*Net
119,538
$14,187
v
stock, par $10, payable Aug. 10 to holders of
distributions were made on Feb. 5 and May
Net
902,774
398,000
to
Dr949
Chambersburg Engineer Co.—50-Cent Dividend—
Gross
,1,145,501
1942
railway
railway—.
158, p.
dated
.
is
of the provisions of Section 115
(a) of
Law and the regulations thereunder.
"In
2,138,471
$911,912
from
ry.
—V.
$698,704
221,500
5,500
$33,14$
——_
"
June—
2,323,407
354,686
17,886
Pfd. div. requirements—
—V, 158, p. 83.
•
3,000,791
1943
64,251
Gross
order
dividend
—483
143,091
$1,038,206
from
14,913
$1,023,259.
in its
paid out of capital.
such
Operating
53,595
.—
income
10,
119,200
143,747
Chicago Milwaukee St. Paul
surtax)
10, June
223,281
62,013
income—,
1,366
(normal &
dividend
$346,246
129,375
479,737
railway
oper.
the SEC
dividend
-
Earnings for Month and 13 Months Ended June 30
4,735
deductions
tax
1945
3,069,474
1,263,177
railway
4,619
income
other
1941
$473,103
Net ry. oper. income—.
From Jan. 1—
v'
_
fact,
a
corporation,
has
1942
58,664
railway
from railway
Net
A
this
as
■
$463,404
June—•'
than
operating income
Non-oper. income (net)
.•
progress.
112,354
$85,194
other
tax
Net
Net
Bureau's
in
$406,998
income—
1,278
taxes,
r
the
now
Chicago Indianapolis & Louisville Ry.
(Fed.
State)
Fed. inc.
is
-
•
Depree.
$3,005,082
68,611
&
&
know
1942
—V. 158, p. 84.
53,803
Gross
year
■
reason
railway
from
ry.
$226,402
.Fed.
Int.
to
expect
4;
railway—
oper.
from
Net
1943—12 Mos.—1942
48,955
55,218
!
Social secur. taxes
:
the
1943
from
Net
$236,797
J
power
Maintenance
t
Service
1943—Month—-1942
revenues
Operation
Purchased
$ income
we
for
From Jan.l—
Period End. June 30—
State &
and
profits
Chicago & Illinois Midland Ry.—Earnings—
186.
p.
for
of
June—
Gross
Gross
Prov.
Revenue,
future.
near
'
Tax
From Jan. 1—
Gross
Net
Internal
Renegotiation
659,930
income—
in
(2)
—V, 157, P. 1176.
$2,896,462
railway—
railway
from
Net
1941
1942
1943
of
view
Central RR. of New Jersey—Earnings—
June-
;
FINANCIAL CHRONICLE
7,886,982
declared
—„—
on
$5
6,834,937
cumulative
preferred
—
—
net
income
although the corporation recognized that, under the plan now
pending before the Commission for a change of its capital stock
to
one
class of stock,
there will be a restatement of the carrying
value
in
the
of
such
the
earned
earnings
assets
carrying
of
the
value
by
corporation
an
surplus of the corporation
as may
accrue
which will
amount
not
as
less
of April
result
than
30,
in
a
*Incl.
$5,717,379
JNo
(i.e.,
Because of
maint.
for divs.
expend, of
tReclassified
decrease
1943), plus such
during the remainder of the year.
Balance available
for
on
2,724,579
comparison
allowance has been
made
liminary computations indicate
p.
387.
common
with
1943.
no
excess
10,788,601
,
for Federal excess profits
tax,
as
pre¬
profits tax liability.—V,
158,
■
1
THE COMMERCIAL & FINANCIAL CHRONICLE
484
due
Consolidated Cigar Corp.—Trustee, etc.—
:4
Manufacturers
The
sinking
3V4%
year
of
amount
the
for
agent
has
been
debenture
fund
named
issue
July
due
10-
in
the
1953,
1,
Trust
Co.
has
also
The
preferred stock.—V.
387.
158, p.
Conde Nast Publications, Inc.—Earnings—
$844,445
87,813
448.075
$126,972
103,560
52,000
$308,557
$0.95
profit before taxes and depreciation—™
for deprec. of bldgs., machinery & equip.
Prov. for Fed. income and excess profits taxes
Prov.
the
(File
and
the
to
proposed
extended
offering of
1952,
to
and
$396,500
$1,245,600
Deere
4%
of
no
orders
omits
to
state
material
*$28,588
Nil
to
continue
nated
thereafter
such
at
determine.—V.
may
158,
and
place
289.;
p.
the
as
,
off/icer
payable
Sept.
1942,
declared
holders
the
on
of
stock,
common
record
Aug.
14.
The
130.
p.
Delaware Power & Light
Period End. June 30—
Electric
Co.—Earnings—
1943—3 Mos.—1942
revenues
$1,515,427
1943—12 Mos.—1942
•
$1,390,657
365,988
$6,133,667
404,391
revenues.
$1,919,818
$1,756,645
$7,753,291
expenses,
other
than maintenance
920,345
803,273
59,539
54,592
151,666
179,402
143,640
622,581
680,375
179,402
723,756
666,781
Gas
■
.
to
1
payments were 35 cents on Sept: T, 1942, and $l on Oct. 19,
which made a total of $1.35 per share for that year.—V. 157,
revenues
*
desig¬
,.„
,
Pay $1 Dividend—
$1 per share has been
value,
par
facts
time
of
previous
numbefrs
and
Co.—To
&
dividend
A
2-5176).
No.
required to be stated therein
and
material facts necessary
to make the statements therein not
misleading.
v..;-;.,1
VV.'vI/'.I;■ ^:-r
It is ordered that a hearing be held in this matter on Aug. 2 and
1942
1943
Net
text
docket
facts
(And Domestic Subsidiaries)
6 Months Ended June 30—
1962
due
for hearing, which are identical except for
assigned thereto, reads as follows:
The Commission having reasonable cause to believe that the regis¬
tration statement filed by Crowley, Milner & Co. 'under the Securities
Act
of
1933, as
amended, includes untrue statements of material
redemption
appointed
been
2-5175)
(File No.
sinking fund debentures,
debentures
the
cumulative
7%
1946
51/2%
the
for
trustee
$7,000,000.
Manufacturers
The
Co.
Trust
Monday, August 2, 1943
Total
oper.
$5,646,814
1,619,624 .1
1,473,459
$7,120,273
Oper.
Net
profit
Earnings
per
"Loss—V.
share—
p. 2146.
common
157,
Crucible Steel Co. of America
Period End. June 30—
♦Profit
Container
post-war reserve
—.—
and
,
10,650,664
19,374,416
18,133,162
$1,798,164
per
$2,170,731
$3,714,069
$3.96
$6.51
$6.80
charges
but before
Pennsylvania
income
Federal
income
157,
taxes.—V.
and
Fed.
excess
(net
Net
profit
share—
profits
excess
profits
taxes
of 1943. For the
and $326,323, re¬
the Revenue Act of 1942.
All provisions are based on
La
Operating
revenues
Operating
Federal
Other
101,914
90,020
531,953
438,219
34,499
34,032
34,163
144,477
143,148
142,600
35,914
$436,539
$417,523
$1,774,565
$1,680,703
12 Mons Ended June 30—
*
Profit
& excess
income
Int.,
2,913,375
1,330,727
1,343,005
133,273
61,595
729,714
700,060
75,366
52,802
851,862
Net
$4,987,331
shares
$181,819
$2,385,320
$2,215,090
476
14
2,911
654
$181,833
$2,388,231
Earnings
$1.75
share.
per
all
*After
$2.35
2,853,971
$2.88
charges,
before
but
depreciation,
48,427
60,543
786,366
income
$121,290
$1,501,865
$1,567,669
507,386
for
stocks
pfd.
W.
Beckett
Denver &*»Salt Lake Ry.-
Co.
been
and
General
special
assignments.
Montreal.—V.
158,
period
Beckett's
Mr.
headquarters
new
will
*Net
earnings
Shares
tl942
1941
Earnings
t$444,141
$597,868
$702,522
514,864
514,864
$1.06
514,864
$1.25
1943—Month—1942
♦After
$0.76
238,749
21,932
616,768
84,582
18,145
14,383
201,773
164,050
the
75,847
25,237
855,982
432,755
taxes
$64,516
$540,561
$586,020
15,505
53,018
186,063
$68,060
$49,011
$487,543
$399,957
$49,011
$513,209
$399,957
22,371
25,475
278,256
306,963
approp.
2,625,787
-
Net
income
f $23,536
$45,689
—
applicable
pfd.
to
stock
for
In
its
6 Mos. Ended June 30—
X
$208,052
1943
1940
$5,605,698
1,257,314
Other
$16,441,774^10,531,841
Total
income
Federal
&
taxes,
$12,969,703
——
State
*$10,907
amount
does
Preferred
til,531,114
t8,224,979
750,000
750,000
750,OCO
$3,994,724
$4,160,660
$4,878,641
„
dividends
860,062
860,083
3,795,000
$4,407,724
860.083
3,795,000
860.083
3,283,133
dividends
Surplus
3,795,000
*On
$$148,471
$1.24
—
♦Earnings
share
per
shares
2,530,000
($4,640,000 in 1943).
June—
from
stock,
common
$$247,359
$1.40
$223,558
$1.59
$$494,424
$1.30
tlncludes
excess
profits
tax
Net
ry.
New
of
of
and
York
from
Net
from
Net
ry.
—V.
railway
income—
oper.
$2,215,027
1,084,064
672.349
781,780
825,829
489,017
22,006,853
15,303,922
12,823,292
7,580,838
4,841,183
24,022
convertible
total
additional
sinking
amount
of
shares
fund
stock
common
conversion of 10-year 4V2V0
Jan. 1,
1952, making the
upon
debentures
due
3,546,022
2,437,170
applied
for
426,519
Octave
the
U.
President,
in
Government
letter
a
July 23 states:
with various agencies of
relative
to
which
matters
affect
the
to
report
other
certain
on
matters
of
general
interest
stock¬
holders.
The
officials
company
have
reached
tentative
a
agreement
is approved by the Secretary of
by $73,103
for
the net
War it will have the effect of reducing
shown in" the audited financial statements
profit
the
This
order
year ended Sept. 30,
latter figure also reflects
of
the
War
back wages.
■ended Sept.
the
will
reserve
be
result
a
returns
for
i.
from
e.,
effect
$859,225
earnings
on
of
to
a
it
of
reserve
a
will
be
$113,000
that
seen
for
an
aud't
of
Federal
income
of
$67,897
excess
of
Governors
01
the
New
York
the
company
are
continuing
at
a
Exchange
company
^J°,r
scheduled
under
should
the
Securities
issue
1,912,318
$3,945,703
$7,949,011
2,636,243
$7,387,215
1,310,923
$2,656,361
$2,634,780
$5,312,768
$4,780,382
566,184
287,430
1,021,160
518,658
2,608,833
de¬
against
two
Act
the
Stock
railroad fixed
on
July
1933,
has
145,625
deprec. &
679,385
733,133
1,392,541
1,421,099
$1,265,167
—
$1,614,217
$2,608,025
$2,840,625
2346.
p.
22
to
statements.
statements
The
ry.
taxes
industry
any
avoid
taxes
can
this alternative
order to avoid
it is necessary for the
State
of
Michigan,
a
revenue
regulated
producer
utility
is
the present value of the property
upon
Money
no
stressed
the
that
fact
powers conferred
giving us the power
the
only
statute
we
are
a
upon us
to forbid
find
all
that
taxes
are
a
statutory
statute.
by
a
company
operating
proper
will be so considered in determining the
in this case."—("Wall Street Journal.")—V.
charge
income of the
158, p. 338.
1940
$83,331
24,049
14,495
$84,916
8,385
22,488
$66,457
7,541
941
337.360
37,756
*628
2,575
15,165
497,809
435,196
77,293
102,351
345,215
42,723
14,461
income—
oper.
1941
1942
1943
$90,055
railway——
railv/ay
from
Net
from
Net
ry.
railway
railway
income
oper.
58,081
1,036
(& Subs.)—Earnings—
Detroit Steel Corp.
♦Net
profit
—
——
1942
1943
$120,738
3 Mos. End. June 30—
$92,331
share ——
—
$0.59
$0.45
♦After
depreciation, Federal income and excess profit
fOn 206,250 shares of capital stock.—V. 157, p. 1555.
per
Detroit, Toledo & Ironton RR
from
ry.
-Earnings—
1943
1942
1941
1940
$602,728
$742,614
$469,728
260,566
railway-
232,703
394,619
166,812
railway
;
171,205
128,061
252,268
100,093
4,924,516
2,414,121
1,323,383
4,252,972
1,833,479
981,856
4,697,623
2,596,352
1,607,209
3,956,488
income.
oper.
1941
$197,869
$0.96
taxes, etc.
$668,017
1
from
Gross
railway-
from
Gross
from
Net
ry.
—V.
June—
Gross
Net
Net
1943
from
railwayfrom railway—
ry.
Gross
oper.
income—
1942
1941
1940
$6,749,521
$6,256,747
$5,363,495
$4,231,224
2,259,517
2,115,767
1,921,557
1,091,462
940,799
1,013,523
1,184,895
636,057
railway-
39,946,249
railwayincome—
14,105,862
34,533,393
11,033,354
28,820,855
8,651,880
25,752,419
5,801,061
6,443,160
5,228,146
from
Net
from
Net
ry.
—V.
oper.
158,
Gross
announced
determine
law,
From Jan. 1—
1
income
157,
state¬
From January 1—
Gross
Net
Net
tax
return
repeatedly
possess
from
from
Net
291,043
.
deplet.
charges
—V.
City's
proportion
railway——;
income-
oper.
158,
_
1,939,233
1,319,972
85.
p.
p.
Detroit & Toledo Shore
from
Net
ry.
5,286,112'
2,856,241
85.
from
Net
ry.
—V.
1940
$244,787
1,932,573
35,280
41,376
2,232,855
railway——
1,252,358
464,798
2,101,460
1,090,644
385,233
2,127,206
' 1,192,807
501,558
oper.
Net
1941
railway-
railway
from
$281,712
railway
oper.
117,903
—
income—
From January
Gross
1942
$291,571
$329,507
174,273
63,551
from
Net
Line RR.—-Earnings-
1943
June—
Gross
V
127,213
113,700
41,689
1—
income—
1,038,847
473,352
158, p. 85.
increased
the
filed
whether
hearing
is
for Aug. 2.
The
registration statements
relate
to
the
proposed offering of
certificates of deposit for $996,500 5 Vz % I
sinking lund ..debentures,,,,
they
Net
From Jan. 1—
Exchange
considerably
registration
of
the
of
fair
a
June—
—
Denver & Rio Grande Western RR.-
Commission
^.Institution of proceedings against
s
1,654,522
1,998,628
1,322,175
June—
by
1,747,004
property
Other
tax
Crowley, Milner & Co.—Stop Order Proceedings—
and
986,946
988,498
$3,978,536
railroad
the
to
$5,921,147 $11,694,643 $10,954,055
chgs.,
—
projects
Deprec.
rate for the past quarter.—V.
157, p. 1647.
Securities
income
to
of
tEarnings
—
of
fense
that
such
profits
authorized the listing of the company's common stock. The stock w'll
therefore be traded in on the New York Stock
Exchange as soon as the
necessary action by the Securit'es and Exchange Commission for regis¬
tration under the Securities
Exchange Act of 1934 has become effective.
of
25,977,188
Delaware, Lackawanna & Western RR.—Earnings—
and
company's financial statements.
Sales
Amort,
years
Board
28,089,885
964,639
Balance
possible
prior to the year ended Sept. 30, 1942, the U. S.
Treasury has asserted additional taxes of $44,416 against the company.
No provision for such
nriri'tinnal taxes was heretofore made in the
The
etc.
forth
Commission
Detroit & Mackinac Ry.—Earnings—
x
1,008,101
:
Net before fixed
saved.
of
1943—6 Mos.—1942
Fed.
than
set
this
in
on
income
on
Fixed charges
$786,122.
directive
requiring the company to pay $45,103
the audited financial statements for the
year
for
it
therefore
"Wc
company
Net
subsidiaries)
Board
as
30, 1942, provided
for such back wages,
liability,
As
Labor
Inasmuch
1942,
taxes
_
other
taxes
with
representatives of the Price Adjustment Board of the War Department
as
to the amount payable to the U. S. Government under the Acts
relating to renegotiation of war contracts. If this tentative agreement
its
and
13,929,093
$5,951,276
Fed.
earnings
to
Co.
$19,814,894 $19,850,240 $39,784,528 $36,931,243
revenues
Taxes,
of the company. This interim letter is intended to inform you prior to
the usual annual report, of the progress of these negotiations to date
and
Coal
13,863,618
for
regulatory agency the City recognized
all normal income taxes and sur¬
decision,
its
power
laws
earn
by
Net
1
Net
Prov.
stockholders
to
in negotiations
!
—
income
Blake,
S.
Gross
shares.
Renegotiation of War Contracts, Etc.—
Company has been engaged
to
and
Gross
(& Subs.)- -Earnings—
1943—3 Mos.—1942
Expenses
should
3,512,769
4,435,723
Hudson
Period End. June 30—
its
against
right to charge as an operating expense any tax lawfully incurred
by it. Likewise we know of no statute giving us the power to forbid
such
a
company
the right to so charge ^any part of the tax so
incurred to operating expenses.
"
158, p. 85.
(Including
Exchange has authorized the listing of 402,497
($1 par) which are issued and outstanding,
charge
company
possess.
Jane—
stock
valid
part of its income.
know
and
railway—
in
a
Federal
the
have
"We
$Deficit.—V. 157, p. 2446.
Stock
common
1940
$2,930,563
1,492,228
23.305,194
7,095,161
4,246,795
income—
oper.
1941
$4,050,055
From Jan. 1—
Cornell-Dubilier Electric Corp.—Listing—
The
1942
is
announcement
a
the
$3,888,856
1,196,998
751,753
railway
railway
are
that has been lawfully spent
no part of such a return.
The dollar
paid out for taxes is no more available as income and return than
a
dollar spent for labor or any other legitimate expense.
initial distribution of like
since.—V. 158, p. 388.
An
none
1943
from
Net
Delaware & Hudson Co.
shares
5.
last;
Delaware & Hudson RR.— •Earnings-
1,765,288
750,000
t4,903,200
Gross
0-
Aug.
15,
taxes
years
the income tax,
of
part
We
profit
Common
record
Feb.
brief to the
the past 20
not
the
to give up
body
Gross
Net
of
on
Commission's
profits
public service.
in rendering service constitutes
July 23 declared a dividend (No. 2) of 25 cents
outstanding 400,000 shares of capital stock, payable
made
was
earnings,
taxes.
the
excess
1942
annually
rather than pay
been
"postulate
devoted
on
holders
to
16
of
petition
company
electricity service.
"Under
income
etc.—
Depreciation
directors
share on the
Aug.
profits
of
the
October, 1942, to have this
electricity rates by 25%
would
158, p. 189.
$6,923,012
—
The
per
by City for Lower Rates
making less money. However, a free exercise of
unquestionably lessen industrial activity.
In
by
103,901
Deep Rock Oil Corp.—To Pay 25-Cent Dividend—
1941
$9,502,423
1,029,418
1942
,
operation. $12,337,790 $15,931,667
income
631,914
510,107
in
$8,000,000
aspect
Commission,
it
which
any
(& Subs.)—Earnings—
from
352,647
accepted generally, and had been recognized by the
Courts, as being properly included as an operating expense in making
up rate schedules.
In its rate reduction petition, however, the City
raised the question as to "what constitutes a proper and just propor¬
tion
of
taxes
imposed by the 77th Congress which should be in¬
cluded as operating expenses for rate-making purposes."
entitled
Profits
219,977
210,529
commercial
excess
whether
during
have
$92,994
26,901
in
reply
fact
The
$234,953
period
Balance
♦Deficit.—V.
2247.
Corn Products Refining Co.
68,776
392,237
filed
and
customers
on
"Under
Dividends
to
charge for
25,666
deductions..
Int., etc.,
excess
p.
250,449
495,336
Detroit
sum
statement
42,338
$3,893,194
of
interesting
ments
charges, including depreciation, Federal and State income
profits taxes in 1943, 1942 and 1941.
tRevised.
of $21,567 for income taxes which gives effect to a
net credit of $115,091 for estimated recovery of 1941 excess profits
taxes in accordance with the provisions of the Revenue Act of 1942.—
157,
413,133
•
operating returns in determining the rates which the
296,690
Other income
tAfter provision
V.
1943—12 Mos.—1942
$5,492,286
3,277,202
all
taxes, and
City
refund
!
Operating income
$1.05
{
*7,798
1,023,246
Public Service Commission has dismissed
residential
latter
$364,817
$521,314
439,864
stock
share—.
per
the
$501,080
taxes
Prop, retire, res.
1940
1943
:
common
of
$68,060
Other
Copperweld Steel Co.—Earnings—
6 Mos. End. June 30—
3,943
898,750
158, p. 85.
Michigan
The
in
be
63,643
1,176,523
Dismissed—
—
revenues
1940
$87,644
*34,723
31,274
railway
Net from railway—
Net ry. oper. income
Co.—Earnings
it
.
$1,060,283
2447.
388.
p.
$117,786
*23,986
38.449
1,493,066
from
reduce
Operating expenses
Federal taxes
of
Canada, Ltd., succeeding Walter M. Tomkins, who has
to Chicago to assist Paul E. Pearson, Vice-President
Continental Can Co., Inc.,
in charge of equipment manufacture,
on
157, p.
Operating
transferred
of
1941
$206,889
ry. oper. income
From January 1—
the
Continental
of
Manager
1942
$194,508
18,054
railway
railway—-—.
Net
and
of Elliott
appointment
-Earnings-
1943
from
from
Net
$68,060
Vice-President
as
Can
the
announced
591,409
$1,199,843
June—
Gross
♦Deficit—V.
$994,479
Period End. June 30—
July 26
on
706,006
$1,082,860
507,386
$126,608
applicable to
Dallas Ry. & Terminal
Promotions—
corporation
147,975
$289,877
648,075
Balance
—V.
taxes.-
This
191,033
Detroit Edison Co.- -Petition
Federal
and
depletion
llu,549
$1,791,252
$249,046
$2,215,744
deductions
Dividends
$8,670,908
2,853,971
outstdg.
$20)
(par
$6,739,800
2,853,971
profit
14,301
$1,788,866
—
income
The
Common
20,329
$437,852
011
long-term
debt., amortization of
Gross
$175,035
_
.
3,540
$440,079
income
debt, etc.
753,039
$174,559
revenues
(net)
140,574
Interest
$7,924,569
3,122,512
62,020
income
etc.,
Net
8,326,180
8,172,119
9,810,686
$8,420,135
207,729
income
Gross
1941
1942
1943
depletion
& Federal
profits taxes—
Depreciation,
Other
$14,798,017 $14,891,919 $16,997,088
—_
—
oper.
revenues
income
Gross
1943—12 Mos.—1942
241,575
Prop, retire, res. approp.
Continental Can Co., Inc.—Earnings—
(Including Wholly Owned Subsidiaries)
"
oper,
—V. 157, p. 1842.
Co.—Earnings—
$671,064
taxes
;
1422.
p.
264,857
taxes
re¬
State and local taxes
Other
$784,531
___
post-war
taxes.
of
as
1943—Month—1942
expenses
Net
-
157,
Dallas Power & Light
period
six-month
the
redemption
Chicago, 111.—V.
Period End. June 30—
ended June 30, 1943, were
$28,062,000,
compared with $27,474,000 for the corresponding sixmonth period in 1942, an increase of about 2 %.—V. 158, p. 85.
for
sales
Net
for
of
fund)
Net
and post-war reserve has
been set up for any contingencies that may arise in the war and
post-war periods.
In the previous press release made for the first
quarter of 1943, this reserve did not appear, and a retroactive reserve
of $90,953 has been provided, which reduces first quarter earnings to
$0.48 per share from $0.60 per share previously reported.
(2)
Salle St.,
It should be noted that a war
Notes—(1)
called
Sept. 1, 1943, a total
of $175,000 of 1st mtge. sinking fund 3 %
bonds, series A, due Sept.
1.
1955, at 100 and int.
Payment will be made at the Continental
Illinois
National
Bank
&
Trust
Co.,
corporate
trustee, 231 South
period of 1943 and $252,557 for the six-month period
same periods
in 1942 the deductions were $119,933
spectively.
been
have
211,366
re¬
2247.
p.
excess
Cudahy Packing Co.—Bonds Called—
There
$161,603 for the three-month
refund amounting to
tax
$1,228,905
$1.57
$833,219
$1.06
is net after deducting post-war
taxes
income
Federal
for
$523,191
$0.67
$455,860
$0.58
—
per com.
*Provision
3,159,655
;
218,471
profits taxes
Other Federal
Net
Earns,
3,594,340
-
deprecia¬
tion, renewals and
$3,846,775
$3.12
shr.
com.
for
Federal income taxes™
8,667,774
income
"After
3,296,910
2,641,414
252,557
1,259,394
1.638,633
161,603
Net
Povision
placements
State
'
Earnings
___
Maintenance
excess
profits taxes &
$4,525,815
$3,727,190
$1,782,585
$2,256,096
and
taxes
Mos.—1942
1943—6
1943—3 Mos.—1942
^ncome'taxes0™-?-4!
**SSST^S"!!^
War &
Subs.)—Earnings-
(&
America
of
Corp.
Period End. June 30—
inc.
1943—6 Mos.—1942
$10,465,938 $12,821,395 $23,088,485 $21,979,937
—
Federal
(& Subs.)—Earnings—
1943—3 Mos.—1942
1943
from
railway—
Net from railway—
Net ry .oper. Income—.
1942
$5,990,583
$4,215,403
1,766,749
2,718,870
-Earnings—
1S41
Dominion Gas &
1940
$2,368,960
487.518
1,573,758
1.509,502
282,016
21,926
33,908,683
15,039,727
21,089,806
7,078,783
12,754,857
1,882,915
8,627,905
5.514,318
548,650
11.268,877
1,440,455
*123,648
Net
from
Net
ry.
,
railway
railway
oper.
Dominion
An
from
—
income—
'Deficit.—y.. 153, p. 85,
.'
^
:
•
■
International
254,289
From Januarv 1—
Gross
see
Electric Co.—Tenders For Bonds-
Utilities
Corp.—V.
158,
p.
388.
$1,907,445
interim
Stores, Ltd.—10-Cent Interim
dividend
of
the common stock, no par
Dividend—
10 cents per share has been declared on
value, payable Sept. 30 to holders of record
Aug. 25. A Tke amount was paid on
on Aug.
20 and Nov. 20, 1942. The
1935.—V. 157, p. 1556.
\
March 20 and June 19, last, and
previous payment was on Jan. 2,
Volume
158
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4199
Dow Chemical Co. (& Subs.)—Earnings—
•
•
Years End. May 31—
"'Net
profit
Earnings per
* After
•
'
::
$8,225,301
share
$9,221,486
$6.35
i
_
common
1942
1943
___
♦Net
Duluth, Missabe & Iron Range Ry,—Earnings—
charges knd provision for Federal income and excess, profits
June—
taxes.
Gross
Note—The
not
been
foregoing figures
completed.—V.
157,
from
&
Co.—Earnings—
Period End. June 30—
■••''■v..--'
♦Sales
(net
of
.Other oper.
$4,532,313
3,360,767
1,293,295
977,780
2,617,330
2,111,357
12,353,832
15,391,535
12,681,770
7,811,805
4,602,438
8,702,175
7,556,730
3,698,276
1,635,592
2,259,286
4,155,523
1,756,009
$
ry.
$
$
$
7,373,257
goods
sold
ministrative
j
obsolescence
and
10,888,430
22,156,041
9,734,701
7,920,258
18,980,837
■
167,714,761 140,387,760
59,499,000
61,942,000
11,144,874
6,645,018
22,802,196
16,040,797
ry.
15,272,991
31,112,000
^
—V.
See S.
___
Corp.
stock
com.
controlled
panies
All
5,000,000
5,000,000
109,710
109,710
109,710
846,559
1,492,594
1,180,937
contingencies
4,998,269
to
period,
,
of
Amount
cess
'
for
*Du
Pont
factured
structing
U.
in
3,799,913
9,743,330
25,755,587
22,153,531
11,108,712
11,109,292
$1.16
$0.87
$2.32
$1.99
31,291,000
is__
32,070,000
25,101,000
figures
60,848,000
do
25,280,000
include
not
Government-owned
initial
an
stock,
2040.
p.
income
payable
dividend
Aug.
5
such
the
plants
equity
in
is
on
and
for
for
fixed-fee
a
of
controlled
and
basis
companies
taxes
on
is
of
4,814,443
Gov.
in
respect
of
preferred
on
1942
&
The
were
above
Operating
Light
Electric
Co.,
1942
to
($21,60
share)
a
and
in
March,
1943
as
Also,
result
a
to
surplus
there
of
Securities and
was
revaluing
from
added
a
1925
to
1943,
inclusive,
is
Light
do
Power &
Plant
;
Cash
taxes
.,
retirement
reserve
"Pref.
not
1942
Amount
98,579
86,649
23,228
11,930
14.3
26.1
13.8
include
97,451,412
receivable
Net
to
158, p.
75,579,256
78,583,973
10,681,941
Int.
Lt.
231,500,000
Other securities
and
13,142,475
Federal
38,564,230
1,595,584
charges
acquired—__
-
39,200,586
1,708,770
2,501,373
1,121,079,204 1,012,937,583
.___
Liabilities—
stock
preferred stock.
par)_
168,885,000
5,625,120
:
payable,
U. S. Government contract
for
advances
—
Misceil.
*
war
accounts
"Provision
for
materials
payable,
awards
earned
or
.
,
to
16,696,421
25,910,334
Interest
18,671,594
income
32,626,236
647 '
394,211
&
18,514,889
'
34,338,993
,
168,667,840
ttSurplus
323,712,944
290,383.527
•
_______________________________
6,417,804
2,285,241
2,871,029
1,372,239
1,999,071
1,142,402
8,478,832
33,020,447
3,613,552
14,308,209
18,712,238
1,972,816
7,889,987
354,883
399,184
(less /nisc. inc.,
debt
—V.
finished
—:
1,121,079,204 1.012,937,583
___—,
•Less reserve for doubtful accounts and
;
,
'
.
,
and
$2,391,445 in
128,125; June 30,
1942.
tQuoted .market
notes, etc., $2,870,170 in 1943
value,
June
30,
1943,
$30,-
1942,
$24,958,154.
tGeneral Motors Corp. common
stock, 10,000,000 shares carried at $23.15 a share in 1943 and $21.60 a
share in 1942.
§Represented by 1,688,850 no par shares.
**Exclusive
2,592,986
10,467,368
10,467,368
for
taxes
3,024,229
1,912
2,592,986
of
$1,346,533 (1943) and $1,485,458 (1942), included in current liabilities.
ttE. I. du Pont de Nemours & Co.'s
equity in surplus of controlled companies not wholly-owned has increased since
acquisition by a
net
amount of
$5,059,000 at June 30, 1943, and $3,698,171 at June 30,
$457,244
$587,623
above
profit
depreciation
for
June
30,
and
loss
and
depletion
accounts
1943
ended
June
30,
June
30,
and
were
as
$85,996
1942
ended
1941
:
85,267
■
;
85,696
2041..
p.
O. Miller has been
committee
Albert
Gross
to
V.
fill
elected
the
Dolan
director
a
vacancy
caused
Net
ry.
From
Net
from
42,883
Net
ry.
—V.
19,459
19,610
81,859
427,156
1942
1941
1940•
$860,400
$560,497
$474,606
384,959
157,512
96,393
305,493
312,906
80,679
20,573
6,815,676
4,207,821
1,454,087
1,050,318
2,878,770
2,762,346
718,833
601,808
290,007
184,903
income
railway______
3,265,776
income___
1,642,890
oper.
158,
390.
365,437
379,002
389,305
1,537,046
2,108,862
8,485,404
8,122,350
20,000
81,000
Industrial
Engineering
Co.,
Changed—
Notice
17.500
p.
Foundation
1,580,720
2,530,896
.
1943
618,287
January 1—railway
10,131.000
•
Ry.—Earnings—
$1,277,485
from
Cr918
,,
member of : the exec¬
the death of Charles G.
chief engineer, a position
158, p. 19Q.
railway.
railway
oper.
and
by
has been appointed
from
from
10,468,147
8,069
4,891
of
name
71,888
10
of
Company
that
cents
cents
has
been
this
the
corporation
value
par
share
per
par
received
common
by
New
has
of
to
its
been
cents,
changed into
158,
York
Curb
changed
with
each
one-fifth
Inc.—Name
Exchange
to
stock
common
50
par common stock.—V.
the
Inc.,
been
from
Foods,
changed
outstanding
of
that
Stokely
has
share
share
one
of
of
50
10
cents
p. 289.
General American Oil Co. of
Only
1943—3 Mos.—1942
$775,724
1943—12 Mos.—1942
■
$3,599,445
8,069
Cr918
19,459
19,610
of the oil
42,883
4,891
81,859
427,156
365,437
369,702
379,750
1,499,336
1,542,065
9,300
9,549
37,710
38,649
20,000
81,000
71,888
$271,600
$1,535,702
$1,292,929
6
_
17,500
.
paid out
production, according to
1943
railway—
railway
$2,462,047
inc0me__
oper.
1942
a
Which added:
Sixteen
producers
are
in
the
of
30%
dispatch from Fort Worth (Texas),
Colby-Keystone
in the Wainer pool in the
and
pool
the
balance
southern part of the county.
producers, under present allowables, have a
monthly output
of
approximately 15,000 barrels.—V. 158, p. 190.
The
!v
Texas—Acquisition—
The
company has purchased 25 producing oil wells in
Winkler
County, West Texas Permian Basin, from
Ralph Lowe, for $1,000,000,
of which $375,000 is cash and
the balance is to be
$3,373,467
5,012
$254,111
from
ry.
ended
held by Mr. Schade.—V.
619
25
6
Federal
June—
from
the
months
Schade.
10,130,381
779
2,592,986
Elgin, Joliet & Eastern Ry.—Earnings—
Net
in
inventory
Fort Pitt Bridge Works Co.—New Director—•
10,130,381
158, p. 389.
Net
192,908
for
months
157,
utive
Net
discount
income
Gross
cement
months
General Aniline & Film Corp.—New PresidentGeorge W. Burpee,
Export Airlines and
Coverdale
»
1941
1940
former
Executive
associated
for
Vice-President
many
with
years
&
Colpitts, has been elected President
resigned.—V. 158, p. 290.
McConnell,
Total
108,721
etc.)__
provision
June—
3,024,166
1,912
on
income
Net
before
Fort Worth & Denver City
107,407
exp.
$780,531
pe¬
Six
Fed.
debentures
on
of
1,199,606
$565,965
exp.
exps.,
Six
7,888,446
299,478
1,164,858
143,840
incl.
non-operating
follows:
18,418,011
1,971,870
1941
$1,980,137
on
sales
on
to
1942
$1,730,823
$410,778
allow.
freight
$266,938
14,478,217
4,865,280
1943
and
incl.
$1,801,245
1,390,466
sold,
profit
profit
32,896,228
3,563,601
30-r-
sales,';iess discts.
of
Note—Charges included
373,377
31,853,959
201,598,975
than
____.
debentures
Other interest deduct.__
3,481,792
Reserve for depreciation and obsolescence
6,852,402
3,648,367
32,522,851
8,478,185
8,795,612
$764,944
taxes
taxes
Provision
3,854,781
9,112,819
9,803,365
unearned.
Federal—oth.
Other
Amort,
advances, etc.—
employees, under
18,055,379
railway
oper.
riods
2,513,396
2,088,862
8,404,404
8,050,462
requirements applicable to respective periods whether
Expenses
50,746,993
10,950,000
Reserve for insurance and contingencies..^-
—"
Gross income
1,899,956
contracts_____
*2,707
in
Earnings
22,151,476
Date
♦161,164
Net
Con-
Period End. April 30—
33,189,937
to
1942
*92,249
railway
Selling and admin,
surplus.
dividend
1,899.956
20,678,530
bonus plans
,
"Full
Year
324,545
and
to
carried
i.e., $1,240,000, represented 90%
$806,000 now outstanding repre¬
847,103
income__*_
oper.
Gross
taxes
income.—"
on
Bal.
16,973,774
JfFederal income and excess profits taxes__
Liability to U. S. Govt, resulting from rene¬
of
8,852,212
Federal
for
35,465,729
pensions
Dividends payable on preferred stock
Other accrued liabilities—.
gotiation
222,450,240
The
cost.
January 1—
from
goods
shipments
21,766,090
23,293,478
107,407
deduc._
168,885,000
222,450,240
10,851,695
($20
issue,
railway
railway
applicable
5,012
other
and
earned
cumulative
the
of such
1940
Cost
$
$
63
taxes
sol.
,:•• Total
Reserve
com¬
5,837,937
taxes
Prov.
2,669,578
stock of the company
Deferred
.Accounts
any
1943—12 Mos.—1942
$
3,024,166
Balance
investments
Common
§$4.50
of
216,000,000
profits
:
to
Florida Portland Cement
Co.—Earnings
Corp.—
!
.
of
equipment.
the
6 Months Ended June
143,429,147 133,556,503
47,861,499
44,649,263
6,946,127
6,184,071
5,408,821
18,807,405
15,078,705
3,090,527
13,894,402
13,355,523
Expenses
9,825,209
tGeneral Motors Corp. common stock
amount
of
1943
from
in¬
——
Other
Misceil.. accts. receiv., advances, etc.
Post-war credit with respect to excess
tax
(estimated) •
in
Total
38,874,265
principal
$589,628
Gros3
24,958.154
1943,
4,558
ry.
(& Subs.)—Earnings-
1943—3 Mos.—1942
income
30,135,868
1939,
1,
1,
1941
ry.
Power
subsidiaries,
&
Nov.
Nov.
$617,349
Gross
min¬
equity
Other
46,359,204
securities
Inventories
"Common
input
389.
system
the
235,975
public,
to
Light Corp.
Pr.
from
Philadelphia plan.
Guar¬
and Interest by receivers of
public
equity of El.
Elec.
dated
are
1,
the
Pet.
23,169
Light Corp.
interests
of
RFC,
Nov.
415,958
From
38,963,437
158,894,026
_____
♦Notes and accounts
to
as
the
and
under
income___
5,611,331
"Deficit.—V. 158, p. 390.
5,232,011
applic.
Offered—Blair,
$1,252,384
Net
89,321
20,041
-
to
divid.
ority
464.013,672
'
1,463,551
Gross
corresponding week
161,404
8,775,571
reductions
other
from
May
Issued
from
Net
and
approp.
income
come
40,075,587
'
■
taxes
Portion
•
,•
$2,765,177
C.
$
•
each
inclusive.
than 59%
from
and
3,551,639
revenue
Interest
&
472,738,187
properties
goodwill, etc.
if tMarketable
Corp.
1943
6,157,657
Net
$
and
Patents,
Light
&
112,549
$
Balance
Companies)
Assets—
'
cost
Net
1,580,937
and
$173,-
1942
Ry.—Certificates
purchased
$62,000
original
the
Gross
35,305,482
Gross
Consolidated Balance Sheet, June 30
«
$4.11
The
sents less
—V.
surplus in prior years $4,364,113
Canadian investment carried in "Other
1943
Coast
unconditionally
11,121,892
Net
v.
Co.,
due
Investments."
(Including Wholly-Owned Subsidiary
East
1949,
of
184,573
Co
April 30—
operating rev
Other income (net)
to
'
Minneapolis, corporate trustee, Minneapolis, Minn.—
certificates,
Net
Light Corp.—
&
Light Co.__
Net
to
ili %
of
&
1,
Six
___,_'_*323,712,944*290,383,527
r
$216,000,000
added
so
$1,538,665
follows:
1,759,424
depl.
($23.15
a
share), which closely corresponded
to
the
equity indicated by the consolidated balance sheets of General Motors
'Corp. at Dec. 31, 1941 and Dec. 31, 1942, respectively.
The net
(878,242.
1,108,729
Power
38,330,531
Other
$231,500,000
-amount
1,108,729
compared with the
as
12,248,303
Prop,
25,005,676
v
*
*
called
the
22,
1943, the System inputs of client
Ebasco Services Inc., which are subsidiaries
Maintenance
22,225,708
<
property of Florida East Coast Ry. Co. and, by
supplemental
indenture, by trustees of the property of Florida East Coast
Railway po.
Principal and semi-annual dividends payable
May and Nov. 1. Girard
Trust Co., Philadelphia, trustee.
Not subject to call.
July
of
figures
period End.
349,738,565 319,189,116
3,799,913
3,799,913
stock
been
2222.
are
anteed
Inc.—Weekly Output—
&
as
&
&
Power
Electric
*In accordance with a practice followed since 1925, the amount at
Which du Pont Company's Investment in General Motors Corp. com¬
mon
stock is carried was adjusted on the books of the
company in
(March,
$2,647,394
$5.13
panies not appearing in both periods.—V.
*8,000,000
■"
Earnings for June ant!
Light Co.,
Power
National
v;
.
The
before
pfd. stock
Operation
stocky...
common
156, p.
and
$2,647,394
stock—
stock
have
Nov.
$1,919,158
pfd.
pfd.
Operating Subsidiaries of---
1,189,768
Surplus at June 30_____
*
595,403
$3,027,887
prior
6%
ended
Power
Power
American
income
1936
Total
on
2,515,274
500,000
Federal
S.
V,' taxes for the year
1
Chicago, recently offered $806,000 3%
equipment trust certificates, series I, at prices to yield
from 1% to 2.35%
according to maturity.
4,788,967
to
of
American
the
succeed
firm
of
Robert
E.
General Electric Co.—New Official—
Ralph J. Cordiner, formerly President of Schick, Inc., and
recently
$2,724,705
$2,457,311
518,324
962,725
1,136,994
651,659
Vice
58,796
236,571
625,025
453,362
Assistant
16,267,947
4,268,467
16,276,377
13,968,416
5,969,582
6,078,442
9,602,662
3,045,889
655,301
1,393,768
3,349,208
$1,729,478
Chairman
to
the
of
the
War
President
of
Production
the
General
Board,
Electric
has
been
appointed
Co.
From Jan. 1—
Gross
from
Net
from
Net
ry.
—V.
158,
railway
railway.-
oper.
p.
income..
289.
1,800,602
£
206,434
$1.15
share
*
Bonner
4,914,404
2,413,320
582,139
Subsidiaries—
*15,500,000
999,426
shares.
common
per
Florida
1942
5,516,634
:
dividends.
companies
American
Electric Power
in-
j
:
•;t$249,653".
National Bank
record
Increase
303,493,297- 285,235,672
29,555,500
25,953,444
,
resulting from revaluation
vestment in- General Motors Corp
Dividends
of
1943
not
1942
post-war refund
for redemption as of
Sept. 1, 1943, a total
$115,000 of 5r/o. 1st mtge. bonds due March 1, 1949, out of sink¬
ing fund moneys, at 100 and int. Payment will be made at the First
per
$16,854,423 $15,461,442
V/2%
to
on
week
the
National
.
':
profits tax)
'
1,249,084
(bef,
.J
Associates—Earnings—
dividends
available
operating
of
taxes
♦Based on figures filed with Securities &
Exchange Commission,
tSubject to renegotiation of Government contracts.—V.
158, p. 390.
V.
depletion
requirements
For
of products manu¬
Compensation for con¬
Subs.)—Earnings—
income
There
cents
holders
contingencies
available
during
profits
Adjustment
'Dividends
"
before
profits taxes
June—
value
plants.
Surplus at beginning of year
'Net income six months
D.
National
(&
of
12 Vz
of
to
taxes
Ebasco Services
49,980,000
1943
from
1.
1, 1943, at $700 and
Tradesmens
the
$3,527,887
State
63,320,000
47,628,000
r
Refund
Nov.
but
excess
Philadelphia, Pa.—V. 156,
income
Earned per share of 6%
—V. 158, p. 85. •
Statement of Consolidated
Surplus for the Six Months Ended June 30
*
due
Thousands of Kilowatt-Hours
Co.'s
.
;
at
:
Balance
11,107,539
•
1
declared
common
for
Provision
wholly-owned exceeded the dividends received from such companies by
approximately $999,000 in 1943 (three months) and $334,000 in 1942
% ( three
months), and $1,909,000 in 1943 (six months) and $1,064,000 in
,1942 (six months).
J
of Sept.
as
made
bonds
Debt discount and expense
Div.
operating
Pont
have
157,
Depreciation
"other operating revenues."
Note—Du
be
extended
in
is__
S.
and
included
5%
Interest
25,953,444
"ex¬
tax
sales
in
3,500,000
Fed.
amount
profits"
Payment will
consolidated
Net
share
income
on
which
29,555,500
3,799,913
11,108,495
a
the
on
Provision
aver.
shares
prov.
taxes
11,643,287
1,899,957
25,953,444
charges
excess
Net
RR.—
Corp.
$4,009,875
after
Earnings
mtge.
the
♦Earnings for 4 Months Ended April 30, 1943
Outstanding
1st
Balance
•___
earned
tTotal
*of
33,055,500
12,916,229
exclud.
treasury
v
Carolina
12 Mos. Ended June 30—
during
number
•
on
1468..
p.
stock
common
outstanding
11,643,287
1,500,000
_
Shares of
;
156,
North
Co., trustee, 1420 Walnut St.,
directors
Total
com.
stock
above.—V.
Western
Eastern Gas & Fuel
9,912,647
10,253,3^4
for
Federal Screw Works—Bonds Called for
Redemption-
July 22.—V.
14,816,186
1,899,957
stock
applic.
&
outstanding
jDr958,000 ZM,349,000 Drl,378,000
16,316,186
Bal.
Co., Inc.,
at
Federal inc. and
957.
share
(allo-
committee
Fansteel Metallurgical
Eastern Corp.—Initial Common Dividend—
5,171,312
pfd.
&
The
on
Dr776,000
for
the
interest.
income
income
on
95,668
109,710
837,602
other
of
Trust
p.
(net)
Divs.
Bowser &
Tennessee
accrued
wholly
tProv. for Fed. taxes
Prov.
194,765
203,982
committee
Net sales
Bank
owned
other
314,449
1965, have been called for redemption
10,000,000
10,000,000
com-
not
Misceil.
497,848
356,471
436,388
Bonds Called—
'
;■;>
F.
East
protective
present
1,131,066
Eagle Lock Co., Terryville, Conn.—Control Sought—
Income from investment
in
1,460,031
158, p. 85.
income (allo-
portion)
Operating income
tors
73,393
1.892,322
income
oper.
X
w*
Railroad Co.—Deposit
Agreement Terminated—
bondholders'
Profit
___
Divs. from General Mo,
90,430
66,183
depreciation
on oper.
cated
89,200
81,018
2,000,892
577,407
railway
from railway——
tProv. for Federal taxes
-
103,337
136,742
from
Net
22,115,903
30,515,000
for
70,834,695
10,970,718
1940
Fidelity-Philadelphia Trust Co. within 60 days
after July 14, 1943, the committee and each
member thereof shall be
fully and finally discharged of and from all liability and
accountability.
Gardner B. Perry is Chairman and John
Finger, Secretary, of the
committee,—V. 158, p. 389.
1940
$272,165
income—
ry.-oper.
1941
the refunding
and im¬
mtge. 5% bonds mailed on July 14,
1943, to all former
holders of certificates of deposit notice
that the agreement
of deposit of Oct. 15,
1938, is terminated and that the committee has
filed its account of
receipts and expenses with the
Fidelity-Philadel¬
phia Trust Co., depositary, 135 So. Broad
St., Philadelphia, Pa., where
said account may be examined.
Unless notice in writing of
specific
objections on the part of any depositor of the bonds be
delivered to
or
the
1941
$288,269
155,034
Net
87,363,965
expenses
The
Ry.—Earnings—
1942
$364,948
$394,054 •
From January 1—
127,400,401 291,152,835 255,759,451
and
•Prov.
1943
from
railway
Net from railway
12,333,273
15,174,605
5,997,393
Gross
Gross
other oper. charges..
-Soiling scncr&l riicI
•
income—
June—
Net
149,729,258
of
Erie
2,846,149
85.
p.
Duluth South Shore & Atlantic
returns,
Total
Cost
oper.
158,
^'1942
■
provement
from
railway.—
from railway
—V.
$3,835,413
'
1943—6 Mos.—1942 '
1943—3 Mos —1942
revenues
1940
4,095,580
Net
Companies)
Subsidiary
allowances,
outward
freight, etc.)
142,356,001 121,403,008 275,978,230 243,426,178
-
C
$5,575,539
3,698,126
Gross
Comparative Consolidated Income Statement
t
v
1941
*
$5,421,310
from
Net
Net
;
Wholly-Owned
1942
-
1943
$24,366
t$8,205 - t$26,917
t$193,994
depletion, depreciation, amortization of leasehold
equity. Federal taxes, etc. tLoss.—V.
157, p. 2249.
<
*
railway—
railway—
;
Net
2447.
(E. I.) du Pont de Nemours
.(And
1943
-
Corp.—Earnings—
profit——
♦After
ry.
oper.
income—
From Jan. 1—
renegotiation which has
subject to
are
p.
Elk Horn Coal
3 Mos. End. June 30—
$7.14
:
485
1942, which is not included in surplus in above balance sheet.
JfAfter
deducting U. S. Treasury tax notes of $77,402,800 in 1943 and
$92,320,800 in 1942.—V. 157, p. 389.
Stockholder Reactions
The
advice
company
on
is
asking
Accompanying
the
on
Post-War Projects Asked—«
stockholders
post-war electrical
184th
to
"turn
appliances.
dividend mailed
to
consumer"
more
than
and
give
225,000
stockholders was an Illustrated questionnaire seeking
common
to
designers and engineers.
ideas of
compartment,
P
390; • V
frozen-food
and
refrigerator with revolving
with a large frozen-food
quick-freeze cabinets.—V. 158,
$843,562
$802,281
28,'41
$389,122
$0.32
$0.29
$0.03
—V.
157, p. 2448.
the
and
capital
Net
from
Net
ry.
Gross
"
1942
1941
$269,195
Net from
155,521
74,098
22,825
Net
railway——-
Corp.—Earnings—
Foods
119,788
51,431
34,145
2,162,307
,-•761,693
1,932,419
1,280,500
663,677
234,880
and
J
"
•
•
Net
sales
58,870,500
—
309,380
330,206
72,114
40,910,609
36,334,013
83,053,830
73,975,350
& other chgs.—
9,421,245
8,991,539
18,446,041
18,265,269
Profit from operations
8,538,646
18,437,200
17,858,310
interest-
58,150
18,076
88,646
Royalties & miscell. inc.
199,415
192,933
307,357
39,410
281,318
8,796,211
9,138,015
18,833,203
2,285,309
7,600,000
4,535,480
Profit"
Profit
tax
.
surtax)
(incl.
Est.
income
S.
U.
S.
U.
prof.
excess
profits
income
6,985,000
3,000,000
3,501,000
1,660,000
foreign
$5,123,512
124,685
152,224
3,399,964
1,503,759
Net
$1,598,863
$1,391,790
$0.43
$0.32
profit
157, p. 1558.
Goodyear Tire & Rubber Co.
In
264,000
153,152
493,000
303,523
654,672
tax _7_——
for conting-
269,000
1,523,672
688,000
Akron, Ohio—Tire Plant
Peru—
on July 23 announced the opening of a tire plant at
its third in South America. Peruvian rubber and labor
exclusively, it was stated. Construction of the plant,
Goodyear's twelfth in various parts of the world, was started in
September, 1942.—V. 157, p. 2449.
company
Lima,
95,612
"""" 46,965
200,213
26,975
*101,906
87.
p.
stock,
20.
dividend (No. 2) of 20 cents per share
per share, payable Sept. 1 to holders
distribution of like amount was made
a
$2.50
par
initial
An
holders
J
quarterly dividend of $1
stock,
A,
series
of
record
June
on
The
$100,
par
Aug.
20.
per share
was
An
also
initial
1, 1943.—V. 157, p.
on the
declared,
of
similar
$4 cumul. pre¬
Sept. 1
payable
amount
dis¬
was
1844.
used
Co.—Registers With SEC—
filed with the Securities and Exchange Commission
registration statement with respect to 20,206 shares of new
$100 par value 4y2% cumulative preferred stock and 110,000 shares
of common stock. The new preferred is to be offered to the holders
of the company's presently outstanding 6% preferred shares, and the
common shares involved in the registration are
being sold by certain
large stockholders.
Both the exchange offer of the preferred shares and the public
offering of the common shares are to be underwritten by Smith, Barney
& Co., Hornblower & Weeks and Field, Richards & Co. and associated
company
a
banking
houses.
According
Peru,
be
610,463
830,367
•
283,404
*149,262
1, last.
usual
July 23
'
—V.
1,050,223
74,086
158,
Aug.
Hoover
$3,047,773
$5,225,913
137,502
3,530,072
taxes
etc
foreign taxes,
Earnings per common share
will
&
fProvision
June
bursed
$0.42
& Fed.
deprec.
and
*224
1941
4
$1,558,339
before
The
tax
Est.
1942
1943
Depreciation
Federal
1,337,245
income—
common
The
provision
bef.
for taxes & conting.—
Est.
record
on
Gillette Safety Razor Co, (& Subs.)- -Earnings—
18,179,038
3,581,000
8,927,006
1
and
Dividends
the
of
to
„„„
„
exps.
on
158, p. 86.
6 Mos. Ended June 30—
sold, incl.
freight charges
."■Selling, admin. & gen.
Cost of goods
income—
oper.
*26,051
railway.
oper.
ferred
*
110,098,929
$
$
54,252,558 119,937,071
$
ry.
—V.
1943—6 Mos.—1942
1943—3 Mos.—1942
Period End. June 30—
.
Canada)
from
Net
Companies in the United States
(And Wholly Owned Subsidiary
•
Net
railway
railway
*24,991
directors have declared
The
from
36,470
1940
Ileyden Chemical Corp.—Dividends No. 2—
682
3,730,038
1,876,113
557,343
income—
1—
oper.
ry.
Gross
47,350
income—
"Deficit.—V.
From January
General
■
$1U9,842
3,378
$88,428
71,707
$179,388
317,714
from
ry.
1940
$381,853
$215,871
railway
January 1—
from railway
Net
1943
railway
from
1941
From
Ry.—Earnings—
$619,106
June—
Gross
:
1942
•
railway—-
oper.
v ^
1943
$177,839
12,820
•
from
Gross
2 to holders of record
1, 1943, and on Feb. 2
stock, par $10, both payable Aug.
July 19. Like amounts were disbursed on Feb,
and Aug. 1, 1942.—V. 157, p. 473.
the
June 26,'43 June 27/42 June
after Fed.
income
share
cents per
share on
on
Net
income taxes
Ended—
Weeks
26
July 19 declared an extra dividend of 15
usual semi-annual dividend of 50 cents per
directors
Georgia Southern & Florida
Earned per share on common™—
Net
The
Co.—Earnings—
General Baking
:
and
June—
*
■■■■•
Among the suggested changes is a round
of sliding shelves; a refrigerator
Instead
Gulf & ShipIsland RR.—Earnings—
Co.—Extra Distribution—
Georgia Home Insurance
reaction
*
;
Monday, August 2, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
486
*
•
,
registration statement holders of the company's
Preferred stock will have until 1:00 p.m. of the
to
the
6%
outstanding
day from the effective date of the registration
exchange their stock for the new 4Va % preferred. Any
fourth
statement to
unexchanged
of the exchanged shares will be taken by the bankers and
may
be offered publicly.
The bankers may also purchase some of
the new 4'/2%
preferred shares from holders who received them in
exchange for their 6% preferred.
#
y
The company is one of the leading manufacturers of vacuum cleaners
and its products are used throughout the world.
It has no funded
debt and throughout its history it has been a closely-owned enter¬
portion
Net
profit
preferred
2,929,554
6,216,531
5,667,035
168,750
dividends
for
Prov.
2,636,539
^
168,750
337,500
337,500
on
stock
(The) Granada Hotel, Brooklyn, N. Y.—Bonds Retired
Through Sinking Fund—
Hotel
Net
profit
retired
applicable
stock.
2,467,789
Outstanding com. shares
5,512,440
$0.45
to
common
Earnings
share.—
per
2,760,804
5,251,440
$0.53
5,329,535
5,251,440
$1.01
5,879,031
5,512,440
$1.07
share of profits or losses of subsidiary
companies not consolidated.
fProvision for possible inventory write¬
downs and other adjustments at end of fiscal year.—V. 158, p. 190.
V.
General Outdoor Advertising Co.,
Inc.—Earnings—
1940
$4,176,076
$4,014,310
2,603,058
2,850,363
3,264,556
3,236,186
Expenses
Gross
Operating profit
$563,350
$700,959
$911,520
$778,124
19,707
19,582
44,559
from
ry.
$2,567,000
548,022
695,976
17,523,000
5,488,649
3,539,630
income
Gross
from
13,948,000
2,961,842
15,269,264
5,043,176
from
Net
1,648,057
3,496,395
railway-.
income
2449.
oper.
ry.
—V.
railway
157, p.
Total
income
$583,057
$720,541
$956,079
$790,306
234,233
243,983
247,059
Prov.
miscell.
698
for
Fed.
Net profit
-V.
deducts.
inc.
tax
$285,824
$476,558
$539,144
of sales,
admin,
&
$582,294
1942
1941
1940
$9,021,146
8,807,420
4,796,390
♦Net-
profit
157,
1941
$214,002
$258,014
$1,14
$0.36
23,030
$516,876
General Steel Castings
6 Mos. End. June 30—
;
Profit- from
$654,943
61,410
1943
income
and
-
Net
V-;
1942
to
1940
600,167
$1,122,349
592,395
'
$9,144,738
19,186
_
3,111,715
313,474
Fed.
&
$2,930,680
12,118
11,419
$9,181,894
395,811
$2,942,799
$541,372
*468,399
*468,414
State
income taxes
$5,792,000
for
probable
$0.58
Federal
t7,440,000
300,000
Gross
Note—No
$1,690,900
$72,958
tlncludes $6,707,000 excess profit tax.
fin-
for Federal excess profits tax (less post-war credit of
from
from
Net
ry.
for
in
Public Law No.
Section
528,
403.—V.
158,
r
12 Weeks Ended—
costs
and
$3,759,251
3,372,933
3,097,163
3,132,674
$361,005
$522,973
$626,577
JDrl,608
i
expenses
$3,620,136
3,012
1,182
Other income, net of expense
ing
Prov.
for Fed.
Prov,
for Fed. & Can.
Prov.
for
est.
$359,398
& Canad'n inc.
$627,759
115,497
137,383
taxes
151,003
prof, tax
exc.
additional Fed.
$525,985
174,299
due
income—
oper.
Reserve for contingencies
38,233
175,000
30,000
8,423,276
Earnings
per
243 shares
common
share
to 41 cents a share on
Note—Net
translation
income
into
$91,325
$191,226
$0.10
....
$0.41
1943, net profit
$244,196, equal
common, compared with $254,433 or 44 cents a
of
United
weeks ended June
the
Canadian
States
13,
at
consolidated,
appropriate
rates
after
of
ex¬
change, amounted to approximately 7.5% in 1943, 16.6% in 1942, and
13.8% in 1941 of the total consolidated net balance before reserve for
'■&&&£
contingencies.—V. 157, p. 2042.
1963,
3,123,645
3,589,789
3,287,974
87,319,175
66,352,338
50,168,227
31,412,371
22,781,494
15,861,782
12,841,370
12,221,212
9,952,982
.
1943
,
1942
$30,950
Period—
Operating revenues
^V. 158, p. 391;
$29,250
for
1943
$1,024,670
delivered
loan of
to
$15,400,000
collateral-trust
of
Reconstruction
the
like amount,
a
Finance
,
June—
from
Gross
Net- from
Net
ry.
railway
railway—.—
oper.
income—
From January
Gross
from
Net
from
ry.
Net
from
Net
ry.
--V.
1941
1940
$905,809
$778,409
$411,608
$309,789
399,384
349.875
109,879
58,461
50,540
346,338
305,514
95,589
5,431,480
3,997,295
2,404,189
railway.:,.-.
2.441,741
1,644,973
632,279
319,193
income
2,137,234
1,462,189
54 7,998
266,936
oper.
158, p. 86*
to
evidence
$179,702
$147,426
from
from
Net
also
^1941
V.
of
$1,353,238
58,205
$1,323,258
63,351.
""$235,384
$235,308
$1,411,442
$1,386,609
ad-
capital stock
833,919
886,647
$89,324
$577,524
$499,963
110,929
118,554
667,450
711,325
$29,230
$89,926
$211,362
out¬
bonds
public, at 5%-
of the
Deficit
158, p.
290.
$1,957,343
668,639
334,245
38,573
14,480,979
11,083,238
5,108,726
3,611,609
2,217,877
1,735,526
Ltd.—To Extend Bond Maturity
Huntington Chateau,
$1,425,251
484,763
9,031,126
1,997,485
638,383
246,728
A
of
meeting
redeemable
fund
holders of 6% first closed mortgage 15-year sinking
gold bonds will be held in Montreal, Canada, on
date of maturity for 10 years, from Sept. 1, 1943,
This bond issue originally amounted to $80,000, but
in the interval to $46,000.
Aug. 17 to extend the
to
1953.
1,
Sept.
been
has
reduced
RR.—Earnings of System:v
authorized the listing of 9,276,202
all of which is presently issued and
shares which have been re-acquired
Ry.
$
:
20,353,367
Ry. oper. expenses
oper.
1943—6 Mos.—1942
1943—Month—1942
Period End. June 30—
200,000
in the
145,984
adjustment
on
(par $25),
including
held
138,582
$96,801 '
bonds-
inc.
income
Corp.—Listing of Capital Stock-^-
now
$225,449
9,859
standing in the hands
—V.
2,525,244
and
are
$4,094,114
2,770,856
■
exclu¬
Illinois Central
shares
3,309,069
income
58, p. 391.
Gulf Oil
457,101
1940
$2,717,836
1,101,521
income
oper.
ry.
—V.
1942
$4,662,307
553,723
$14,128
Interest
158,
19,282,435
7,534,416
railway
railway
1943—6 Mos.
1943—Month—1942
$780,197
$682,550
-
Income
Net
:1
-
333,284
income
■,
$226,474
8,910
revenue
justment
a
$2,870,879
892,682
railway
railway
oper.
revenues
■
17,212,138 123,456,602
95,675,928
13,590,241
10,865,324
79,833,644
61,875,884
treasury.
Guaranty
the
Trust
stock
capital
Co.
($25
par
value).—V.
6,763,126
6,346,814-
43,622,958 ,33,800,044
Railway tax accrualsEquip. & jt. facil. rents
2,892,258
2,899,389
19,123,607
609,231
360,280
3,219,775
2,361,342
3,261,637
90,571
Dr4,594
2,887,145
70,486
Dr3,692
21,279,576
- 457,764
Dr30,884
16,870,164
439,356
Dr23,616
3,347,614
2,953,939
21,706,456
17,285,904
1,193,316
1,344,344
7,301,869
8,018,662
♦
appointed registrar
157, p. 2250, 2042, 1459;
of New York has been
ry. oper.
charges
The
for
2,154,298
1,609,595
14,404,587
9,267,242
1943
1942
$16,961,252 $14,290,062
5,249,113
4,859,460
2,577,257
1,689,922
1941
$9,457,687
$7,260,690
2,441,908
1,237,179
1,634,478
572,910
81,009,873
26,951,132
56,619,262
16,118,325
47,489,097
railway—
103,693,662
34,991,800
income
17,244,685
11,585,352
11,618,885
5,126,949
Net
frm
rev
(net
Dr)
(M. A.) Hanna Co. (& Subs.)—Earnings—
Period End. June 30—
Net
income
after
1943—3 Mos.—1942
$1,850,785
$3,810,684
$2,995,714
3,516
72,536
divs.
net
paid
divs.
Pfd.
shares
Earnings
♦Com.
617,357
1,219,114
790,579
200,041
633,706
363,092
$1,031,271
$1,029,871
$1,885,327
$1,834,730
161,364
321,327
322.840
at
shr.
$1.25
$1.25
$2.50
charges
128,531
129,091
128,531
$7.98
$14.67
Earns,
♦On
per
providing for Federal income
paid
June—
Gross
during
$249,987
$500,299
$0.25
$0.50
$0.50
in
1,016.961
1,016.961
1,016.961
1,016,961
$1.54
$1.49
$0.86
shr.
hands
ry.
Of
$0.85
-
157,
p.
1844,
oper.
from
Net
from
Net
ry.
\r
public.—V.
railway
railway
income
From January
Gross
period—
com.
from
Net
$498,324
$0.25
outstand'g
shares
from
Net
per shr.
taxes.
Earnings of Company Only
$14.21
per
$250,493
of
income
♦After
129,091
$8.03
Net
$2.50
outstanding
pfd. share
paid
shares
end
for fix.
Int.,
rent
for
leased
railroads & oth. fixed
during
period
Com.
avail,
cor¬
per
divs
—
deductions-
Income
7,313
545,403
385,436
depletion-
Consolidated
income,
oper.
income
Miscell.
160.664
and
rv
Other
all
taxes
Deprec.
Net
1943—6 Mos—1942
14,568,538
the
except
Com. divs. paid
1,893,281
$49,979
issue
(2)
From Jan. I—
Gross
Pfd.
1—
railway.,—
Corporation
1942
1943
from
Gross
Pfd.
1949
and
of the applicant.
See
Earnings for June and Year to Date
porate income
Georgia RR.—Earnings
1943
bonds,
obligations
outstanding
period
June—
908,774
*$170,198
1559.
Manhattan RR. Co.—Earnings-
sive of interest on
and the proceeds thereof applied to the redemp-
391.
of
157, p.
&
charges,
Income
1942
$917,133
$1,056,200
895,443
income
Gross
issue not exceed¬
(1)
$6,700,000
of collateral-trust bonds,
series A,
and
$8,700,000 of collateral-trust bonds, series B; the series A bonds to be
sold at 100.1602 and accrued interest,
and the series B bonds to be
following deductions-- $1,995,432
on long-term debt
33,321
-j
$1,075,145
477,966
Oper. expenses & taxes-
of
Int.
-Jan. 1 to July 14—
$527,945
431,442
income
Gross oper.
41,395,472
12.047,484
6,649,709
exceeding
Federal
Week End. July 14
$1,691,739
635,539
$261,244
Hudson
first and refunding mortgage 5% bonds, series C,
and to pledge such bonds under a collateral-trust indenture
charges
Georgia & Florida RR.—Earnings—
$1,710,605
635,460
_
"Deficit.—V.
$8,906,215
3,389,700
2,332,994
V. 157, p. 2250.
1942.
subsidiaries
dollars
was
$845,726
317,781
Operating income
outstanding,
.
$0.35
share for the 24
common
$170,162
(333,-
outstanding)
24 weeks ended June 19,
For the
4,700,627
6,152,841
.
.
The New York Stock Exchange has
Net balance to earned surplus
$578,956
317,712
and deprec
Net
1940
1S41
1942
July 27 authorized the company to
on
security
as
124,150
114,863
taxes
fixed
before
charges
Period End. June 30—
railway—
$23,100,000
Net
!
income
1943—3 Mos.—1942
1943—6 Mos.—1942
$942,949
$1,209,651 $2,422,610 $2,407,168
363,993 '
363,925 * " 712,005
715,429
.
$0.66 a
158, p. 87.
Net
Net operating income
Total
June 13, '42 June 14, '41
$3,733,938
...
(& Subs.)—Earnings-
charges, etc.
Balance
.
railway-—.
(& Subs.)—Earnings
June 19, '43
sales
Operating
Fixed
;
$18,721,208 $14,105,890 $11,144,055
.
.
income—
oper.
from
ry.
tion
General Time Instruments Corp.
Net
railway;—
railway
from
p.
"
158, p. 290;
-
Net
tEqual
From January 1—
Gross
not
has been made for the possible reduction in
of renegotiation of contracts with the U. S. Govern¬
provided
authorized the listing of 500,000
all of which are issued and out¬
2349.
revenues
■'<
$50,390
'■■
'
$118,023
Gulf, Mobile & Ohio RR.—Securities Authorized—
$1,046,082
provision
reason
ment as
p. 86.
1942;—V.
Net
Non-oper.
$581,300). $5,231,700;
profit by
p.
Period End. June 30—
Taxes
t$254,490
1943 s.
Net
300,000
$1,706,240
...
eludes provision
t3,236
Deplet.
—V.
""Includes amortization,
-
77,973
for excess profits tax.
tSpecial charges only.
the 382,488 shares of common stock in 1943 and
share in
The ICC
profit
157,
par),
(no
Hudson Coal Co.
141,000
«.
■Prov. for contingencies.
'
stock
Great Northern Ry.—Earnings—
Net
642,500
in¬
taxes
70,062
*56,492
"
t$221,913
on
Net
ad¬
ditional
Co.—Listing of Common
Stock Exchange has
of common
standing.—V.
$131,600
$529,954
37,156
'
Lighting & Power
New York
shares
*210,000)
applicable
profit
common
1941
$3,530,847
826,975
-
$8,092,528
——
for
Net
*137,000
$244,577
129,042)
June-
Profit
come
111,873
for Fed. inc. tax_
Prov.
excess
$9,971,713
-
1,034,253
Bond interest
Prov-.
Federal
Corp.—Earnings—"
$9,126,781
Profit
18,085
30,851'
*No provision
operations.
Other income
Prov.
46,091
charges
to stock
and- amortiz—
Deprec.
$113,515
$213,726
$631,913
$0.44
for
$822,337 $1,517 091
$0.77
$1.66
for taxes, etc. tOn
$1-04
depreciation, interest, but before reserve
class B shares.—V. 157, p. 2251.
Stock—
496,961)
22,122
Special charges
2149* -■
p.
8,134,438)
$494,754
income
Interest
1942
$669,726
...
•profits taxes.—V.
Total
1943
,
"$1.034 845
share
$2,861,065
1,343,974
$3,3b3,289
2,540,952
(& Subs.)—Earn.
Building Corp.)
Earnings ' per < common * share
♦After depreciation
and provision
785,000
The
Operating income
(Excluding Cinema
profits taxes
profit
Houston
Miscellaneuos income—
6 Months Ended June 30—
exc.
in
$4,909,904
8,157,293
465,856
exp.
as
of
Subs.)—Earnings—
1943
A0^Poon to!?nncs
$5,284,808
4,249,963
—
Federal income &
sell., gen.
Depreciation
30—
taxes
before
"After
$9,263,312
158, p. 390.
General Precision Equipment Corp.
Houdaille-Hershey Corp. (&
6 Months End. June
"Profit
tEarnings per
1943
(net)
Cost
125,143
63,000
____
12,363,894
3,036,131
1,794,891
$9,117,903
6 Mos. End. June 30—
Sales
is located in North Canton, Ohio,
Ontario, and Perivale, Middlesex,
The North Canton plant is now engaged almost entirely,
also are the plants in Canada and England, in the manufacture
war
products.
Total billings, after deductions for renegotiations
1942 were $17,049,838, of which $11,494,458 were war products.
Net
250,464
1,584
Amortization
&
756,787
Co.—Earnings—
Granite City Steel
Int.
$1,939,996
431,327
264,977
$2,686,570
963,977
$3,080,000
903,918
536,423
railway
railway
oper.
1940
1941
1942
12,181
income
subsidiaries
England.
-Earnings-
1943
from
The parent company's plant
operate plants at
prise.
June—
Net
Other
& Trust
261.
p.
From Jan. 1—
1941
$3,551,322
1943
semi-annual sinking fund operated by the
Co., New York, N. Y., as trustee.—
the
through
in the amount of $21,000 were
and
Net
1942
$3,166,408
revenues
39
1954,
Grand Trunk Western RR.-
Net
3 Mos. End. June 30—
at
149,
*
due
bonds
Sterling National Bank
"Including-' proportionate
Operating
2%
Granada
IRQ
r,
1—
railway
oper.
an
1940
.
>
..
.
.
9,850,770
.
-
Volume 158
THE COMMERCIAL & FINANCIAL
Number 4199
CHRONICLE
487
i
'
:
Rockwell, P. W, Marschner, J. W. Rothmcyer, Charles H.
Awkerman, Bigham D. Eblen, John E. Murphy and William B. Mayo
W.
fries',
The
Ilygrade Food Products Corp.—Common Div. No. 2—
dividend (No. 2) of 30 cents
per share on the capital
$5, payable Aug. 10 to holders
of record July 30.
An initial distribution of like amount was made
on Dec.
18, 1942; none since.—V. 157, p. 254.
declared
stock, par
July
on
22
a
on
vestments
and
5%
gage
$100)
bonds,
and
adjusted
(c)
Illinois Terminal RR. Co.—Earnings—
-! June—
Net
ry.
railway
railway™—™
from
Net
Prom Jan. 1—
.
Gross
1940
$583,014
$510,368
325,557
195,474
230,748
142,635
181,380
104,098
119,281 7
■
-
Net
ry.
declared a dividend of 40 cents per share
16 to holders of record Aug. 2.
A
similar distribution was made on May 15, last, compared with 25 cents
per
share paid on Feb. 26,
1943, and on May 25, Oct. 30 and
the
all
of
the
shares
of
$94,320
transfer
f
Ry.
oper.
Railway
expenses
Provision
Federal
$2,290,910
$2,362,327
Other
979,609
678,729
869,098
701,338
Net
ry.
income.
$121,453
$144,458
4,182
$703,989
25,344
$720,474
7,498
oper.
34,092
income
Total
income
$128,951
deducts,
fixed
3,274
after
18,317
18,255
$145,366
$125,666
41,254
—V.
158,
of
debt
$84,412
$103,641
SEC
$483,508
$459,509
Co.—Hearing Postponed
July 24 postponed from July 27 to Sept. 8 hearing
on
the
application for approval Of the plan of recapitalization of
Indiana Hydro-Electric Power Company.—V.
157, p. 2449.
157,
change
and
1943, the corporation
at the close of the period were $5,167,872 equal to
$117.42 per share of preferred stock outstanding. This compares with
net assets of $4,890,549 or $111.11 per share of preferred stock on
Jan.
1942.—V.
31,
135,
4223.
p.
The
directors
June
its
own
Net
Business Machines
1943
earnings
*4,953,273
stock
common
showed
a
taxes levied after.the statement
of
1942
of
1942,
for
V.
158,
issued,
was
it is necessary, to make an
six months of 1942
first
^y
Revenue
Act
adjustment of $1,052,100, leaving
revised profit of $4,663,006.—
a
v,•.
•-*
*
International Great Northern
•
under the
192.
p.
June—
Gross
Net
from
from
Net ry.
railway™-*.
railway^™™.,
■
$1,754,163
606,211
292,652
439,002
155,242
v
From January 1—
Gross from railway
14,458,636
Net from railway.:..— :.
5,953,324
Net
ry.
oper.
income
•Deficit.—V. 458,
•
-2,204,309-
1941
902
6,537,230
1,307,526
9,072,679
.
106,122.
.2,396,755
1,416,525
-
5,582,916
" 540,624
*236,681
485,059
87.
p.
57,666
and
Barker, Arthur S. Dewing, Duncan
G. Harris and Howell van Auken have been elected directors, increas¬
ing the board from eight to 13 members.—V. 158, p. 392.r
has no
—V.
Net
14,652
Cr9,473
138,104
190,705
243,668
1,602,109
1,552,355
1,101,375
income
oper.
831,750
923,940
538,232
351,515
599,697
298,793
Lambert Co.
*Est,
334,903
Prov.
consol.
(& Subs.)—Earnings—
for
(& Subs.)—Earnings—
for
1,611,567
311,653
4,067,356
825,074
income
Earns,
per
5,101,950
in
6,380,000
11,500,000
11,800,000
$2,411,248
$2,438,752
$4,810,617
$4,930,470
1,602,467
1,248,000
$1.42
1,602;467
1,248,000
$2.88
$1.04
$2.08
Bond
against
of
against
1943,
June
on
Real
Total
$10,225,104.
♦Net
30
$30,521,069
'"
•
.
'
'
$59,422,837
142,
on
June
against
30,
$57,-
p.
627.
oper.
1942
>'• 1941
1940
$1,523,888
$1,848,301
$138,811
$0.79
-$0.96
$0.07
depletion,
depreciation,
158, p. 291.
interest,
and
,-
4,082;
income-
Federal
1943
from
Net
ry.
railway
railway
from
1941
1940
Net
ry.
21,539
28,935
1,607,485
723,415
173,275
-
income
oper.
158,
1,746,527
Gross
from
Net
from
Net
ry.
1,922,243
oper.
158,
p.
676,127
300,090
678,263
432,115
610,174
398,870
v
*7
\
International Railways of Central America—Earnings
*
Period End. June 30—
Ry.
Net
operating
rev.
from
revenues
ry. opers.
Inc. avail, for fixed chgs.
:
1943—Month—1942
$591,995
296,851
248,000
Net income 1
$529,985
271,304
188,682
115,937
'
~
■
12,344
1,027,560
794,620
855,992
400,249
243,183
.
1943
from
ry.
railway™
railway
from
Gross
182,529
•"'259,983
102,447
1941
236,069
70,493
2,853,460
Net
ry.
—V.
1,053,834
665,090
income,
oper.
158, p.
178,600
$3,689,136
1,943,707
1,286,764/
844,686
Note—Operating expenses for the six months of 1943 have been
adjusted to include a provision of $106,384 for maintenance deferred.—
V. 157, p. 2449.
International
Utilities
Corp.
Offers To Purchase
—
$600,000 Dominion Gas and Electric Co. Collateral Trust
1,012,837
622,235
f
,
has filed v^h the Securities and Exchange Commissionfor its recapitalization and merger with Dominion Gas and
Electric Co., its subsidiary. *, If the plan should be consummated in
the manner now proposed,
the presently outstanding collateral trust
bonds, 6Va % series, due July 1, 1945 of Dominion Gas and Electric Co.
will be
called for redemption.
plan
Gas
and
Electric
Co.
,
such
bonds
from
holders
thereof
at
101
and
interest
190,879
107,877
2,366,588
.
2,109,066
951,664
to
date
of
delivery, with Jan. 1, 1944 and subsequent coupons attached.
Payment
bonds accepted under this offer will be made in New York funds.;
price aforementioned is in an amount equal to the redemption
price of said bonds subsequent to July 1, 1943 and prior to July 1, 1944.
Bondholders desiring to tender their bonds are asked to sign and
mail letter of tender to International Utilities Corp. Tenders will be
accepted, in order of their receipt, until the tender of an aggregate
of $600,000 of bonds shall have been accepted, provided, however, that;
this offer shall expire on Dec. 15, 1943 or on the date when Dominion
for
and
Electric
earlier.—V.
158,
Co.
p.
shall
393.
call
bonds
for
redemption,
whichever
the
tracts
One
are
settled.
requirement of the present financing is that the company pay off
$1,200,000 balance of its five-year serial bank loan and its current
bank indebtedness be reduced to an amount not in excess of $1,000,000.
Gross
Net
,1943
from
Net
ry.
1942
$7,329,919
$6,701,916
2,382,262
income™
1,078,482
oper.
from
from
ry.
—V.
railway
railway,
43,968,607
14,727,354
6,595,089
.
income™
oper.
$3,968,567
2,556,348
1;937,122
1,199,846
1,046,988
1,162,260
.
34,214,835
10,599,159
' 4,626,638
26,610,846
Carolina Electric &
9,015,669
5,414,552
Gas
Co. below.—V.
The proposed new 6%
is
V:
sinking fund convertible debentures, are to be
trust agreement between the
company and the Continental
Bank & Trust Co.,
Chicago, 111., as trustee. : They
are to
be issued in fully registered form and will mature
July 1, 1963
and will bear interest from
July 1, 1943, at the rate of 6% per annum,
payable semi-annually on Jan. 1 and July 1 in each
year.,
...
On
a
National
April
1,
of the
.
.
Lindsay Light & Chemical Co.—10-Cent Common Div¬
idend—Earnings for First Half of Year—
The
directors
the
on
July 26 declared a dividend of 10 cents per share
stock, no par value, payable Aug. 23 to holders -of
on
common
$11,000,000.—V. 158, p. 87.
Net
>
.
A similar distribution
cents
per
made
Keystone Steel & Wire Co.—-Earnings—
♦After
1941
*1942
on
1940
setting up
profits
excess
a
157,
22, last year,
Feb.
20,
1942.
^
-*$38,769
1942
$26,768
;
$0.50
of
$106,513.68
p.
reserve
taxes.—V.
June
1943
$0.30
2044.
'
1943
.on
paid
was
share
6 Months Ended June 30—
earnings after all charges
Earnings per common share
.
for Federal,
normal
and
profit after deprec.,
Federal
income
taxes
other
and
Shs.
charges™
com.
Earnings
per
Long-Bell Lumber Corp.—Earnings—
.
outstdg.™
of
$1,092,143 t$l,796,032
757,632
$1.44
share
$1,618,375
$1,418,221
757,632
757,632
757,632
$2.37
•
$2.13
$1.87
tAlso after excess profits taxes.—V.
157,
p.
before
Loss
interest—
(G. R.)
The
Kinney Co., Inc.—Accumulated Dividend—
directors
of
on
July 28 declared
accumulations
on
the
a
$5
dividend
prior
of $1.50
preferred
10.
per
stock,
1943
1941
1942
.
$2,569
*
$2,006
share on
no
par
Similar distribu¬
The
ment
3
mos._
corporation
was
1,991,130
with
the
a
the
par
at
owner
shares
value
$2,899
658
513
433
$3,364
$2,665
$2,587
$3,332
_•
for
1940,
$2,074
795
1945.
Loss
account
/
3 Mos. Ended June 30—
Interest
*Preliminary.
•
before April 1, 1944,'and at the Same- time' each
year until
1962, the company will deposit with the trustee to the credit
sinking fund an amount in cash equal to 20% of the consolidated
net earnings of the
company and subsidiaries, after all charges, in-,
eluding all taxes for the preceding calendar year.
See also V. 158,
P. 291,
|
or
compared with 20
Net
158, p. 88.
Lincoln Printing Co.—Features of New Debentures—'
which
have outstanding current
Years End. June 30—
715,850'
23,094,418
6,246,158
3,013i025
Lexington Water Power Co.—Merger Approved—
Aug. 6.
to
1940 '
$5,086,709
158, p. 87.
record
is permitted
550,830
1941
railwayrailway™
from
bank indebtedness
up to $2,000,000 provided the total of such current bank indebtedness,
together with the unpaid balance of the Equitable notes, does not exceed
Company
value, payable Aug. 25 to holders of record Aug.
;
to
723,960
::
690,181
Lehigh Valley RR.—Earnings-
.
The
Gas
Downie,
,
has
outstanding $3,846,500 of such
bonds of which $1,232,500 are held by International.
'
•
:
This corporation offers to purchase up to but not exceeding $600,000
of
Treasurer of the company, has confirmed. the.
Equitable Life Assurance Society of the United.
States of an issue of $10,000,000 five-year 3%
potps, dated May 1,
1943, and-due May 1; 1948.
•
*
'
•
!
The purpose of the loan is to provide ample working funds during
the period immedately
following cessation of" .the war when con-,
siderable sums will be tied up in war contracts, inventories and claims
against the U. S. Government.
By making the loan now the company
insures that it will be able to liquidate such claims in an orderly
manner and the loan will be self-liquidating as claims under war con¬
the
Corporation
R.
sale
155,602
87.
issued under
Kelsey-IIayes Wheel Co., Detroit, Mich,—Sale of Notes
Lester
'►
Bonds—
Dominion
.
private
$393,908
276,384
143,699
2,994,179
railwayNet from railway
1940
$568,396- --$541,525
100,109
income-
oper.
1942
$396,'398
-
from
Illinois
1943^-6 Mos.—1942?
$3,904,639
1,967,668
1,580,252
1,158,221
37,569
45,302
•
1,114,304
401,998
income—
87.
1,200,025
926,880
railway™
1.349,381
•
Lehigh & New England RR.—Earnings—
See South
railway-
$127,662
87.
p.
June-—
$177,441
95,236
60,343
From January 1—
-1940
$300,127$193,566
137,870— 890,191
66,172
income
oper.
1942
$206,032
January 1—
Gross from
railway
Net from railway
Net
1941
$203,039
115,817
72,025
taxes.
From
Net
-$264,942
144,710
48,767
income
r);
From Jan. 1—
1942
$251,804
51,934
railway
railway
from
ry.
succeed
Lehigh <& Hudson River Ry —Earnings—
earlier.
compared
estate holdings amounted to $7,930,939,;
loans against policies were $16,862,443,
1943
from
Net
to
1943
$1.16
June—
year
a
$519,270,403,
was
Kansas Oklahoma & Gulf Ry.—Earnings—
june_
manager
$2,249,571
income
Earns, per sh. on cap. stk.
Gross
,
.
in charge of
manufacturing and works
Edgerton, retired.—V. 157, p. 1271.
C.
June
with $19,947,957.—V.
compared
on
ago.
totaled
ago.
year
assets
force
year
investments
,a
$0.44
From Jan. 1—
June 30 were $143,615,612, up
$8,990,884 from a year ago.
Most of the gain was due to increased
mortgage holdings, which rose to $52,079,478,. against $41,322,668 a
year earlier.;
The volume of new business written
amounted to $19,594,162 in
312,404
$1.04
"
$0.70
James Russell, former
manager of engineering at WestingElectric & Manufacturing Co., has been
appointed Vice-President
of engineering.
L,
A. Brown
has been
appointed Vice-
Net
(Mo.) Life Insurance Co.—Report—
reported
a
$1.48
shr.„_
com.
President
H.
Inc.—Comptroller—
Corp.,
formerly assistant manager of the Chase
branch, has been appointed Comptroller.—
*
in
575,703
$780,517
charge
Gross
months
1,463,110
$1,108,738
Landers, Frary & Clark—New Vice-Presidents—
Net
six
239,837
$331,627
William
house
Net
Aviation
insurance
811,742
$528,580
charges but before Federal income and excess profits taxes
minority interest in subsidiary.
tRevised figures.—V. 157, p. 1945.
—V.
$513,539,958
$1,356,220
•After
and
Gross
and
157, p. 1945.
first
minority
subsidiary
Net
3,125,515
620,239
<»,'?
-
Fitzpatrick,
company
$2,571,848
profits
902,278
2,124,945
412,260
Kansas City
1943—6 Mos.—11942
$571,464
and
in
♦After
1,698,951
National Bank's 45th Street
The
$1,340,322
income
excess
int.
—V.
712,016
1945.
G.
Fed.
1943—6 Mos.—1942
1,057,206
—
Jordanoff
Harold
1943—3 Mos.—11942
profit
Lehigh Coal & Navigation Co. (& Subs.)—Earnings—
profits taxes
p.
338,528
196,527
12 Mos. End. June 30—
etc.
profit
1940
$477,309
273,377
158, p. 87.
$759,218
war
income
1941
$399,904
v
298,848
1,054,202
317,753
128,841
from
ry.
334,903
1943—3 Mos.—1942
charges
157,
—v.
'
t
income
oper.
1942
$450,126
>•;:
306,367
January 1—
railway
from railway
—V.
mine
provision
'
$463,631
y
.
.
a
ry.
railway
railway™
57,713
Cr9,046
the Philadelphia Stock Exchange on
funded debt.
It is one of the largest
by
Outstanding com. shares
Earnings per share™™
<
Julian D. Anthony, B. Devereux
Ishpeming RR.—Earnings—
From
Gross
expenses
and
Federal
Gross
international Hydro-Electric System—New Directors—
i
from
airplane engines in the medium class range.
engaged in producing Jacobs engines and parts at its
ore
building,
Estimated
Net
(
and expense.
a
ended
1943
from
Net
that its outstanding capital stock,
facilities™
religing,
re¬
Interest
Total
1940
$902,901
$1,195,220
293,757
.
1942
of
Furnace
the
•.
RR.—Earnings—
1943
$2,355,008
,7808,656
income—
oper.
661,196
totaling
admittede to trading on the New York Curb Ex¬
company
all
stripping
with
J;
$1,483,306
8.065
emergency
V.
1942, and applicable to the first six months
approved Oct. 21,
the
.
months of 1942.
net profit of $5,715,106 after estimated U. S. Federal and
taxes
but, due to additional income and excess profits
Canadian
$1,432,668
plant, and Pratt & Whitney type engines and parts at a Govern¬
plant.
Both types of engines are being produced solely
the U. S. Army Air Forces.—V. 153, p. 291.
ducting
990,116'
$4.71
taxes
taxes after deducting post-war credits of $1,170,400).
tThe company's published report ,for the first six
^
$1,460,323
22,983
preferred stock
17
1943—28 Wks.—1942
•,
treated
Lake Superior &
Philadelphia Stock Exchange, effective July 16, 1943.
this stock was approved by the New York Curb Ex¬
June
The
Net
14,663,006
1,039,546
$4.76
21.
excess
for estimated U. S. Federal ; and Canadian income
(including $9,751,200 estimated excess profits
profits
excess
the
of
Continue
$
$
$
29,736,751 227,517,128 196;817,782
32,656,433
June—
Gross
and
was
none
summary of the company's mill -operations for
June 30,
1943:
72,510 tons of dry ore, recovering $1,209,130.82,
premium.—V. 157, p. 1560.
months
mill
including
Total earnings alter de¬
1942
$17,367,473 $11,888,406
*After providing
27,149
debt
Period End. June 30—
Corp.—Earnings—
Ended June 30—
Outstanding shares of
Earnings per share
;
$1,405,519
Jones & Laughlin Steel Corp.
July
Net profit after prov. for Federal and Canadian
income and excess profits taxes™™™™™—
and
——
ment-owned
first
International
v
j ' 6 Months
216,575
—
.
660,706
announces
present it is
Amort,
22 authorized the call of $1,000,000 principal
mortgage convertible 4% bonds due April 1, 1952.
The call date was fixed at Oct. 1, 1943.
The bonds to be called will
be determined by lot as provided for In the first mortgage indenture
between the company and The Guaranty Trust Co. of New York as
trustees.—V. 157, p. 2043.,
,.; ;
,r■.
of
679,423
549,534
406,489
550,217
278,821
.
t
incident to operations $13,826,321 $13,754,945 $28,243,902 $25,783,681
Deprec. & depletion
2,718,712
2,300,957
5,341,904
4,405,179
Inspiration Consolidated Copper Co.—Calls Bonds—
amount
3 08,437
following is
three
The
..
producers of commercial
At
assets
net
company
shares,
report for the fiscal year ended Jan. 31,
a
$
that
and 193.
1559.
p.
Co.r~Sales
1943—4 Wks.—1942
retirement
22
average number of Kroger stores in operation
during the four
ended July 17, 1943, was
3,063, compared with 3,360 stores dur¬
ing the corresponding period in 1942, a decrease of 9% .—V.
158, pp. 87
Jacobs Aircraft Engine Co.—Stock Admitted to Trading
Industrial Finance Corp.—Net Assets—
In
$5,844,467
2,440,261
construction
on
Baking
July
on
The
$715,277
Dividends accrued
for
shows
1942
income
listing
change on
on
&
Period End. June 30—
The
Indiana Hydro-Electric Power
The
■/.
taxes
discount
unfunded
618,546
192,
p.
and
696,981
,™™™™
taxes—
:
charged to
Grocery
—
The
long-term debt
on
Ac¬
latter
the
1943
income
on
Amortization
$711,016
251,507
$736,311
252,803
41,725
fixed
charges
4
assets
of
$6,058,921
income
profits
preferred stock, announced
accepted.—V. 158, p. 393.
X:X'
taxes
charges.
inc.
the
Not
weeks
the
depreciation
Interest
The
Net
of
Inc.—Tenders
Lake Shore Mines, Ltd.—Production—
<^._„™„
State
,
for
charges
fixed
all
dissolution
Store,
June offered to purchase for
4 %
were
Period End. July 17—
_
Sales
Net
—V.
Total
of
the
.___
Net
3,285
f', Income available
(Del.)
and
earnings from operations
income, net™
Gross
from
income
Co.
Electric
its
tenders
Kroger
Higher-
$729,333
$754,566
$148,640
of the
193.
2,616,668
Interest
Miscell.
Power
Iowa
p.
revenues
excess
Interest
Other
$325,000 of
Net
Net
109,727
for
taxes
and
$7,847,926
5,485,599
119,805
Co., constituting
other than the 90
company
294,140
Federal
$421,441
181,959
95,024
98*,910
Railway tax accruals™
Equip. & Jt. facil. rents
158,
Total operating
Operation
$8,286,300
5,995,390
$350,985
cor?oratlon'
.
Electric
Iowa
such
12 Months Ended June 30—
$1,297,437
875,996
$1,335,895
Net rev. from ry. oper.
oper.
Interstate
Eastern
General
1943—6 Mos.—1942
1943—Month—1942
revenues
to
of
of
presently held by Interstate Power Co. (Del.),
per share; such acquisition to be followed by
$1,572
or
Eastern
securities
stock
Maintenance
Indiana Harbor Belt RR.—Earnings—•,
Period End. June 30—
North
Iowa Public Service Co.—Earnings—
capital stock, payable Aug.
Dec. 30, I942.r—V. 157, p. 1743.
^
outstanding
Department
f
cepted—
closing.
to merge Interstate Power Co. of
stock of
common
common
for
July 22
on
of
also approved the declaration regarding the proposed pur¬
Interstate Power Co. (Del.) from some nine individuals of
by
company.—V.
Illinois Zinc Co.—40-Cent Distribution—
value
(par
date
it.
shares of
158, p. 87.
The directors
the
at
Kresge
'X';7: '■.
':
mort¬
aggregate amount of $99,438.84
of
'
"X
X"yXXX
Vlv-'..:v\
The SEC
chase
liabilities
on
in the
repayments
or
$75,000 of first
(a)
Purchase of Eastern Iowa Electric Co.—
the
income™
oper.
"2,930,134
955,132
535,498
3,221,462
1,190,157
701,906
4,027,395
1,625,330
,: 964,669
4,668,402
2,024,951
691,474
to
of
shares of capital stock
314
account
proposes
.
railway™.
railway™:.
from
into
Co.
consisting
(b)
1957,
open
additions
Power
60
from
Net
—V.
1941
$730,313
$797,606
345,821
income™
oper.
Dakota
1942
1943 1
from
due
an
for
acccount
open
were
1651.
p.
(Del.)
Otter Tail
Gross
made
on
Feb. 25 and May
25, last, while on Feb. 25.
May 25, Aug. 25 and Nov. 25, 1942, dividends of $1.25 each were
paid.
Arrearages as of June 30, 1943, amounted to $4.50
per share.—V. 157,
Subsidiary—
July 24 issued an order permitting to become effective
filed
relating to the proposed sale by Interstate Power
of all its investments and open account in its wholly-owned
subsidiary, Interstate Power Co. of North Dakota, to Otter Tail Power
Co., a nonaffiliated public utility company for $125,000 cash; such in¬
Co.
directors
SEC
declaration
have been elected directors.—y. 157, p. 2043.
The
tions
Interstate Power Co.—Sale of
F.
■
Hupp Motor Car Corp.—Directors Elected—
•
of
of
the
of
the
$5
close
of
certificates
capital
per
the
for
stock
share,
period
covered
1,007,801
of
all of
the
the
by
shares
Long-Bell
preferred
of
this
a
state¬
total
Lumber
stock
of
of
Co.',
the
488
THE COMMERCIAL & FINANCIAL CHRONICLE
Co. having been called for redemption
corporation owns practically no other assets.
Long-Bell Lumber
The
1943.
July
on
1,
claims,
Midvale Co.
Earnings of The Long-Bell Lumber Co.
3 Mos. End. June 30—
Net
1943
gain
1942
1940
12
$2,867,253
$1,729,303
$792,094
330,125
343,333
347,378
262,665
Federal
and
Depreciation
327,334
352,844
Reserve
for
115
314,288
2,606
285,522
14,022
885,497
*1,519,672
t631,544
$575,719
123,716
$651,288
$433,487
$452,003
$314,978
———
Accrued
^Adjust.
of
period—
accruals—
for
the
the
"On
—V.
of
336,310
'
—
70%
charges
after
$222,208
$433,487
includes
751;
V.
and
and
155,
income
Federal
1754;
p.
V.
and
excess
profits
taxes.
156, p. 344.
120 Broadway, New York, N. Y., will
until 3 p.m. on Aug. 5 receive bbids for the sale to it of first mortgage
5%
40-year sinking fund gold coupon bonds, dated May 1, 1916, to
an
amount sufficient
to
absorb $7,864.32
at prices not to exceed
105 and interest.—V. 156, p. 344.
Louisiana Power & Light Co.-
Other
revenues
—
Net
approp.
Dividends
$1,959,131
24,161
11,750
$138,118
$2,333,704
$1,970,881
79,744
949,121
955,954
$58,374
$1,384,583
$1,014,927
period
356,532
356,532
the
$1,028,051
157,
$658,395
2450.
p.
40 Weeks Ended—
June
Reserve
for
conting
for
deprec
for Fed.
taxes,
$28,764,013 $18,186,456 $15,216,462 $15,594,078
3,800,000
4,600,000
3,100,000
3,100,000
2,622,477
2,439,055
2,628,270
2,742,378
12,887,698
3,901,590
2,275,726
1,755,306
share
net
gencies,
share
per
average
$7,245,811
$7,206,466
$7,996,394
$5.67
$4.08
$3.92
and
and $552,000
of
for
the
contracts,
war
to
$4.30
share
a
600,000
on
the
shares
no-par
of
net
cash
refund
to
the
U.
S.
Government
amounts
revised
balance
sheet
of
as
Dec.
31.
1942, the reduction of
profit for the year 1941 resulting from
renegotiation of war contracts,
amounting to $552,000, was charged against
surplus account.
Net earnings from
operations, as previously reported, of $18,167,596
reduced
in
the
consolidated
statement
by
"excessive profits" of $8,700,000 to
$9,467,595.
Federal excess profits taxes in the
revised
$5,246,726 after the 10%
post-war
refund
the
of
amount
statement
credit as
are
A
dividend
of
payable
during
50
cents
October
share
per
1
disbursed
were
1942
Dec.
1943—6 Moes.—1942
$1,429,631
$1,425,916
$9,356,276
expenses
999,901
1,023,401
; 6,158,022
19,
to
$429,730
$402,515
$3,198,254
$2,608,231
245,809
164,618
1,488.449
1,036,109
Cr6,372
035,930
098,175
(O).
Cr39,530
22,393
26,884
121,579
133,402
income-
$201,058
$217,385
$1,552,296
$1,340,545
65,387
56,589
338,006
276,770
$266,445
$273,974
$1,890,302
$1,617,315
oper.
revenue
Equipment rents
facil.
Joint
rents
Net ry. oper,
Other income
—
Gross
income
Deductions
terest,
.
(rentals, in¬
etc.)
156,001
169,968
$110,444
$104,006
923,402
962,108
158,
-V.
$655,207
158, p. 194.
Market St.
50
cents
has
been
declared
of
record
and
1
on
the
capital
April
July
each.—V.
1,
September' 15.
Like
1, last.
Distributions
cents; and July 1, Oct. 7
157,
60
In
a
May 31—
earnings,—,
company to
place
Profit after charges and
Federal income taxes
157,
p.
on
276,634
yet
Total
Net
Net
railway
Taxes,
other
16
approved
railway—
railway
Ry.—Earnings
Net
Hire
after
of
from
Net
ry.
—V.
Joint
8,041,76C
$374,109
$2,339,195
133,499
786,989
235,991
492,698
282,099
12,329,090
9,253,685
7,351,113
3,343,547
2,666,827
1,406,156
income--
2,935,295
1,860,383
1,561,591
761,656
89.
p.
Brown
has
Other
$757,724
1943
Fed.
027,576
04,173
17,439
14,051
$268,607
$222,380
$1,631,513
4,923
8,516
29,856
47,553
extra
dividend of 50 cents per share
and the usual quarterly dividend of like amount on the
no par value
common
stock, both payable Aug. 2 to holders of record July 20.
An extra of 25 cents was paid on
May 1, last, while on Nov. 2, 1942,
the company disbursed an extra of 50 cents.—V.
157, p. 1651.
(Medical Arts Realty Co.), Hot
Springs, Ark.—Bonds Called—
N
The following general
mortgage (3% fixed and 3% non-cumulative
contingent) bonds dated Aug. 6, 1936, have been called for
redemption
as of Aug. 6, 1943, at
par and int. 'at the National Bank of Commerce
in New Orleans, trustee. Common and Baronne
Sts., New Orleans, La.:
viz: Nos. 44, 96, 120, 122, 140, 148 and 251 for
$600 each; and No.
A-31 for $300.—V. 157, p. 731.
Cost
of
and
sales
exps.
1942
$5,165,347
4,324,221
6,820,307
1941
$4,269,650
3,708,774
$230,902
3,875
fixed
not
normal
Road
027,695
4,892
share
per
158,
1940
$2,209,131
2,059,083
depreciation)deprec.-
$1,661,369
24,736
$739,213
$269,655
$226,010
being accrued
$45,383
„
on
for
net
a
profit of $862,241, or $0.53 a share for the quarter ended
when income taxes aggregated $5,957,708. Net sales
quarter amounted to $25,234,987 in 1943 against $21,
1942, and $25,288,046 for the March quarter of 1943.
'
31,
the
1943,
June
414,570 in
profit
for
$1,636,633
$45,465
$1.96
Net
from
Net
ry.
From
•
Gross
assets
1943
.
Net
3941
88,727
profit
32,206
33,192
1,512,028
1.487,570
1,208,603
1,009,227
677,793
733,627
568,416
420,308
204,825
per
333,046
295,615
—V.
158,
Other
income
Prov.
for
Special
$576,298
86,539
82,115
26,042
Gross
30,296
Net
Crl7,564
61.253
29.254
033,733
010,556
♦400,000
*484,600
127,000
4,430
21,716
(net)
income
$560,876
77,802
27,330
010,927
-
tax
for
ex¬
pected higher Federal
taxes
i—<—
..
$150,048
•
..I'..
1943
1942
income—
813,321
1941
1,193,388
1—
prov.
railway
railway
$2,266,315
771,804
520,573
331,415
23,383,702
3,325,346
3,568,628
15,304,479
3,610,610
1,389,381
6,783,103
Net
Net
*
profit
$172,146
Includes
provisioh'for
excess
Midland Valley
June—
Gross
railway—.
from railway
107,102,797
ry.
income—.
21,513,574
401,443
Net
from
Net
ry.
1942
$131,956
$110,760
$99,260
$88,497
—
22,826
31,854
23,857
income—
17,958
f 1,537
31,067
14,507
railway
railway
oper.
1941
1940
5,676
From January 1—
Gross
from
Net
from
Net
ry.
railway
railway
oper.
income
901,367
706,680
620,961
630,683
396,468
276,275
250,229
250,595
203,321
133,383
138,419
134,675
—V, 158, p. 394.
1943, issued
that
49,265,252
$8,906,784
S.
$2,938,550
and
$2,391,296
and
'
i
:
1943
1942
$13,584,958
before
Federal
income
$9,512,779
3,812,545
2,231,000
taxes
and excess profits
taxes
2,600,000
per
the
$581,000
$0.91
$0.43
share
common
of
1,650,000
$1,212,545
;
1,335,701 shares of
1943 half
the
stock
common
issued.
foregoing
figures are before renegotiation.
The
about $350,000 more investment income thanperiod.—V. 157, p. 1746.
..
^
included
year
corresponding
1942
.
National Distillers Products Corp.—Earnings(And
2,759,463
950,338
1,825,102
73,353,338
27,856,932
20,121,816
198,222
49,771,080
this
Co. of
and
inc.,
Net
•
7,626,203
2,696,059
New York—Report
>
holdings
now
average
for the
4
&
41%
of
leas,
the
company's mortality ratio in the first half,
including war death
rate
'•
1941
1940
$3,539,048
$3,612,503
449,634
425,606
-
7
<
7,626,663
2,467,946
1,018,451
755,678-
$4,638,445
-
$2,476,215
$2,070,963
$2,431,219-
shared
for
ended
subsidiaries)
' 1942
'
$5,495,692
551,531
653,095
taxes-
com.
'
-'$2.27'"
Federal
June
which
it
year under the
30,
is
;
'
?
income
1943,
$1.21
and
has
anticipated
"■■
excess
been
will
$1.01
profits
made
be
•
$1.19
taxes for the',
at
the
applicable
estimated
to
earnings
1942 Revenue Act.
To Redeem $781,000 of Debentures—
<
:
; .
<
corporation Is notifying holders of its 10-year convertible 3V2%f
and
7-year 314%
sinking fund debentures that $406,000
debentures
and
represent
per
months
The
for
company, covering its operations in the first half
bond
stock
cap.
profits
Note—Provision
40,042,970
9,185,475
on
Government
wholly-owned
amortization-
profit
Earns,
six
14,546,108
.
its
6 Mos. Ended June 30—
1943
/
Pft. aft. deprec. & res. $12,918,203
>
company's total admitted assets.
The
to
with
*
.
sales
Note—All
$6,212,111
one-third
U.
amounted
compared
1942.
as
>
v
1940
July 23 by Alexander E. Patterson, Executive VicePi^ s id en t, in the absence of Lewis W. Douglas, President, who is in
Washington, shows that the war to date has had little effect on the
overall
mortality rate among the company's
1,000,000 policyholders.
The report also reveals
that, because of improved economic conditions,
voluntary surrenders of policies were 41%, less than in the
same period
of last year; that claims under
accidental deaths were
and
1943,
Dec. 31,
income
excess
1941
158, p. 291.
Mutual Life Insurance
First Half of Year—
of
1943
from
from
,T,h* re?ort
RR.—Earnings-
31,
$1,535,940,
on
•
2,503,501
$161,593
$190,563
$17,721
profits tax ($340,000 in 1943).—V. 158,
March
were
"
Income
Fed
1942
Net
394.
p.
1943
railway
railway—
oper.
available.
of
as
respectively,
Prov. for Fed.
13,036,15?
88.
$17,159,902 $14,766,764
6,717,955
6,655,249
Net ry. oper. income—.
2,706,970
5,044,479
From January 1—
—V.
tNot
assets
liabilities
120,265
<
625,210
'
36,731,961
9,386,670
income—
Net
100,000
$0.68
(Including Wholly-Owned Subsidiaries)
1940
$2,901,367
from
Gross
$0.86
•
June—
from
$0.53
share
225,618
all charges, including Federal normal taxes, sur¬
profits taxes, Federal income taxes, surtaxes and ex¬
6 Months Ended June 30—
"On
Missouri Pacific
RR.—Earnings—
$841,126
100,728
$1,556,012
after
excess
profits tax.
Int.
Operating profit
Depreciation
Depletion
Interest charges, etc.
1941
$2,400,881
294,593
National Cylinder Gas Co.—Earnings—
Earnings—
$4,445,477
p.
1942
t
250,186
1,525,797
.oper.
ry
-Earnings—
1943
$175,140
common
profit
Net
from
from
Net
Subs.)-
(&
j
65,161
75,367
$6,303,241
oper.
Corp.
Stock Exchange has authorized the
listing of 330,482
of common stock
(par $1), all of which are issued and out¬
standing in the hands of its public.—V. 158, p. 292.
$168,199
railwayrailway
Jan.
Container
Consolidated
from
ry.
From
and'
and
Listing—
1940
$211,158
income
.
from
30, 1943, amounted to $51,797,563
$21,572,128 comparing with $44,761,704
on June 30, 1942.—V. 157, p. 1848.
-
"Earnings
Gross
June
June
were
respectively,
'
1942
•
Missouri-Kansas-Texas RR.
Net
30,
net
a
ended
The New York
158, p. 88.
June—
June
with
months
sales
Earnings
$272,905
$295,510
168,214
income
oper.
ended
compared
Quarter Ended March 31—
Net
Current
276,806
30,714
railway
from
ry.
—V.
months
12
of
as
liabilities
current
$272,384
January 1—
railway
from railway
Net
the
tax
$1,385,916,
$238,345
89,226
railway
oper.
12
share,
a
share for
a
$18,965,428,
cess
$707,084
Missouri Illinois RR.—Earningsfrom
the
1943, was $3,201,677,'
profit of $3,503,492 or
30, 1942. Domestic in¬
provision for the 12 months period totaled $9,948,882 against
$7,900,801 in the like period a year earlier and not sales were
$96,852,453 against $67,957,324.
>
to
$2.15
shares
June—
Gross
$0,67
the
"Net
corporate books but not
46,040
>
1,099,831
$0.81
renegotiation and other contingencies, etc.
The above net is equal to
a share on the
1,628,000 shares of capital stock.
This compares
a net profit of
$862,241, or $0.53 & share for the quarter ended
June 30,
1942, when domestic income taxes totaled $4,769,380 and
32,128
194.
p.
1,324,691
$0.96
329,037.
on
stock
taxes and
include interest
1,570,737
$1.01
taxes
93,759
chgs.
property
—V.
Net
1943
$7,396,605
—
after
Gross
Mengel Co.—Earnings—
3 Mos. End. June 30—
Net sales
$273,530
being paid currently
Net
Medical Arts Building
chgs.
1,935,054
660,363
1,428,868*
9,907,266
8,479,121
\ 568,798)
'(6,339,586 j
profit
"Net
fixed
charges
"Does
May fair Investment Co., Los Angeles, Calif.-—Divs.—
an
for
$
20,013,179
with
$691,660
—
1940
$
22,017,367
1,642,762
profits
Current
O-
(net)
11,550,028
deprec., etc.fgn, inc. taxes-
&
1941
$
37,230,790
Profit aft.
Excess
1942
$
50,523,033
—
current
income-
oper.
income
Net
been
in charge
Vice-President in
The directors have declared
ry.
(& Subs.)—Earnings—
(Excluding Subsidiaries in Enemy Territory and War Zones)
715,057
$240,610
$1,472,780
$1,552,206
0183,015
103,709
facility rents
Net
v
1940
$1,596,112
475,436
909,063
National Cash Register Co.
come
$258,471
equipment—
1941
"
$2,527,621
20,075,529
7,934,916
oper.
158,
equal
$9,514,54C
$403,718
145,248
taxes-
the company
railway—
railway
from
Net
1943—6 Mos.—1942
$1,826,245 $11,325,806
1,452,136
8,986,611
1,599,424
Fed.
1943,
$1,144,939
182,284
82,881
ry. oper. income—
From Jan. 1—
Net
1942
"
$3,669,995
1,515,147
Net
Gross
with
Marie
1943—Month—1942
revenues
30,
$0.48
the
change in the name of
The name change formally will
$2,003,142
than
June
quarter ended June 30, 1943, net profit was $780,521, after
charges, provision of $3,949,558 for domestic income taxes, reserves for
Mills Industries, Inc.
1.—V. 143, p. 4007.
expenses
ended
1943
from
from
For
being paid currently.
* "Includes amortization of defense projects:
Equipment (in excess of
■ ; *
elected Treasurer and B. H.
Bratney,
of the bonding division,
and
William T.
charge of the casualty division, have been
added to the board of directors.—V.
157, p. 818.
Harper,
months
Nashville, Chattanooga & St. Louis Ry.—Earnings-
common
Sept.
on
revenues
""Total
149,350
Maryland Casualty Co.—New Treasurer, Etc.—
Co.—Earhings—
six
$42,625.
June—
Gross
(Excluding Wisconsin Central Ry.)
2350.
Raymond N.
Vice-President
the
of
Assets,
including cash of $218,842 were
and contingency reserve to cover liquidating expenses not
incurred was $926,675.—V. 156, p. 2308.
Net
Chicago—Changes Name—
July
Period End. June 30—
$2,824,268
64,624
21,605
$3,570,452
for
loss
a
March
1943—5 Mos.—1942
$605,779
.
$1,223,559
(Chicago)—New Name—
Minneapolis, St. Paul & Sault Ste.
'•Fixed
1943—Month—1942
$715,191
88.
p.
report
shows
2451.
p.
Novelty Co., below.
stockholders
Avail,
Ry.—Earnings—
Period End.
Gross
—V.
$966,900
year,
Nabco Liquidating
National
Net income—
balance sheet as of June 30, 1943, shows total
$1,618,686,901, an increase of $31,200,000 in the
and an increase of $51,500,000 since June 30,
of
the
Sales
holders
April
on
follows:
as
Industries, Inc.
Mills
take
6,045,286
Net
1942.—V.
with
$8,653,517
Operating
were
Mills Novelty Co.,
this
1943—Month—1942
revenues
of
Earnings
board
Maine Central RR.—Earnings-
Life's
assets
6 Mos. End. June 30—
See
Operating
Mutual
half
the
Pay 50-Cent Dividend—
The
Taxes
first
renegotiation.-.
1123.
Period End. June 30—
The
admitted
$12,039,300 after refund credit reported in the statement issued before
To
•
.
life insurance established by the company during the first six
of 1943 totaled $82,500,000.'
On June 30, 1943, the company
$3,643,600,000 of life insurance in force, comprising 1,258,000
policies.
In addition, the company had outstanding on the same date
47,682 annuity, retirement income and supplementary contracts, pro-,
viding life income, now or in the future, of $20,600,000 annually., 5;
,
reported
compared
•
New
$1,152,695 for the year ended Dec. 31, 1342, and $552,000 for the
year
ended Dec. 31, 1941, or an
aggregate amount for both years of $1,704,695.
The net cash refund is payable in three
bi-monthly install¬
ments beginning Aug. 15, 1943.
the
v
months
to
"As indicated above, a credit of
$7,547,304 for excess profits tax
has been applied against the gross amount of
'excessive profits' refund¬
able for the year 1942.
As a result,
the post-war refund of excess
profits tax for 1942 is reduced by
$754,730, that is from $1,337,700
to $582,969."
portfolio,
■
Government securities
than
$150,000,000 over the
holdings now constitute. 55% of
more
Government
ago.
of motor
use
had
capital
the
the
year
reduced
in the amount of insurance surrendered.
Of the $52,900,000 of benefits'
paid out, death benefits accounted for $24,300,000, while the balance of
$28,600,000, or 54% of the total, was paid to living policyholders.
,
.,
a
increase of
an
of
because
their operation.
holdings of U. S.
company's
$663,700,000,-
date
fatalities
speed of
Total benefits paid by the company to policyholders and beneficiaries
in the first half were $52,900,000, or $3,400,000 less than in the first;
half of 1942.
The decline in benefit payments was due toi a reduction
its
"For
and
Joseph Schultz have been elected to the
155, p.
renegotiation
lower
the
i
total
1
the
......
In
Mills
Wise
A.
directors.—V.
1942,
this
stock.
157, p. 2252.
Harold
31,
Of
prior report for 1942 which it was stated was subject to
adjustment arising from renegotiation of war contracts, net profit after
all charges and taxes
including a contingency provision of $1,020,000,
was reported at
$3,740,366, equal to $6.23 a share.
In a letter to stockholders, H. L.
Frevert, chairman of the, board,
referring to the renegotiation proceedings stated in part:
Macfadden Publications, Inc.—New Directors—
of
Dec.
$1,704,695.
$4.39
on
stock
com.
equal
amounts
$9,453,838
Earns,
—V.
ended
year
of
automobile
the
30
indemnity because of accidental death were 34%
period of 1942.
This decline is due primarily to
same
in
the company's securities
net
a
and its subsidiary in a revised consolidated statement of
and loss for the year ended Dec. 31, 1942, report a net income
transferred to surplus of $2,582,941 after all
charges and taxes, in¬
cluding Federal income taxes and a provision of $270,000 for contin¬
stock,
Company's
taxes
Government
make
company
at
pref.
Reserve
Reserve
10, *43 June 4, '42 June 5, *41 June 6, '40
oper.
dividends
the
S.
ended Dec. 31, 1941.
Reflecting the results of
were
Loew's, Inc.—Earnings—
Company's share
profit after sub
for
is
U.
totaled
contracts
war
will
the
and
June
same
of
company
year
In
Balance
—V.
the
the
profits,'
$2,309,543
for
$1,152,695
to
renegotiation
954,568
793
stock
refund
cash
of
1942,
693,283
79,383
pfd.
to
conclusion
refund
1,222,507
$82,259
applic.
the
post-war
912,352
$161,642
income
Net
of
after
775,777
1,300,437
$137,325
deductions—
result
covering all business to Dec. 31,
taxes,
59,172
78,000
115
income
Gross
Int., etc.,
the
profits
excess
vehicles,
year ended Dec. 31, 1942, it was determined
by the Price
Adjustment Board, Navy Department, that excessive
profits of $8,700,000 were realized. It was also determined that for the
year ended
Dec.
31, 1941, excessive profits of $2,000,000 were realized.
After
deducting the credit for income taxes applicable to such 'excessive
$10,563,783
$161,527
(net)
$9,954,900
$1,106,100.
of
double
in
reduction
On
125,900
112,758
revenues—
income
$4.87
5,734,294
64,661
taxes
oper.
Other
600,000
.
the
includ¬
period.
for
less than
5,499,864
456,462
taxes
Prop, retire, res.
1943—12 Mos,—1942
-1942
477,280
127,984
•
.
$856,859 $10,797,973
$944,210
—
expenses
Earnings—
1943—Month
Period End. June 30—
Federal
600,000
the same
Claims
profit
Empire Trust Co., trustee,
Operating
Operating
$2,924,951
$4.74
shares.;
common
in
469 lives,
Such claims com¬
of the total death claims paid by the company
prised only about 1.7%
650,000
$2,847,833
"Includes
credit
Long Beach Gas Co., Inc.—Tenders Sought—
The
1,635,000
profit
As
period-
basis
153, p.
taxes
contingencies-
Outstanding
$222,208
profits taxes,
t Includes $184,590 as addition to accruals for first quarter.
$For Federal and State
income and profits taxes.
Net profit for the
6 months ended June 30,
1943, amounted to
$888,181,
income
1942
$16,099,733 $14,677,951
*11,616,900
11,103,000
Earnings per share-
Net gain for
Gain
Net
taxes
State
for the first half
of 1941 and 1940.
the date of Pearl
War death
1943
for contingencies—
res.
21,699
State
&
Fed.
income
Earnings bef. taxes and
Mr. Patterson said, was slightly higher than
1942, but lower than for the corresponding periods
claims incurred by The Mutual Life from
Harbor to June 30, 1943, have totaled $1,265,910 on
ing 124 cases of men reported "missing in action."
of
-
Baldwin Locomotive Works)
Months Ended June 30—
$2,132,697
Depletion ————*
Interest
(& Sub.)—Earnings—
(Controlled by
1941
Monday, August 2, 1943
$375,000, respectively, have been drawn by lot for redemption on
1943. The former issue is payable at 102% upon presentation'
Sept. 1,
to
The
issue
V.
Chase
will
158, p.
be
National
redeemed
National
Bank
at
of
the
101%,
City of New
through
'
194.
The
York
New
and
York
the
Trust
V
Life
Director—
Insurance
;
Co.—
./"•
Co., -Montpelier,
'
latter,
"
-
>
Vt.—New
-
.
.
'
John
and
R.
McLane,
Carleton
of
senior member
Manchester, N. H.,
of the
law
firm
has been elected
of
a
board of directors of the National Life Insurance Co.—V.
!
McLane, Davis,
member
157,
p.
of
476.
the
Volume 158
Number 4199
THE COMMERCIAL & FINANCIAL
National Malleable & Steel Castings Co.
Earnings—
■
v'
,
3 Months Ended—
•Net
profit
from
v
23,393
———$499,253
profit
of
above
Other
deductions
for Fed. normal!
12,916
$1,649,228
12,278
I
295,000
income taxes
Prov.
for
Fed.
profits
27,591
$1,230,754
11,329
$271,291
225
200,000
{1,227,500
prof, taxes
557,000
Crl4,000
■
..
directly
•„
— i—
■
part of the company's business is contracted
with agencies of the U. S. Government.
These
indirectly
are
subject
to
the
arise
may
laws
regarding renegotiation and any
such renegotiation cannot be deter¬
from
mined at the present time.—V. 158,
p. 395.
A
1943—3 Mos.—1942
Other
taxes
Net
oper.
Rent
.
res. approp.
revenues™.
from
lease
weex
June—
a
Net
$4,547,046
share
of
The
4,095
income
Other income (net)
3,707
-
$4,551,141
7 8,796
'
12,059
•
$4,787,784 $20,517,767 $21,205,904
10,060
63,051
71,040
13,765
share has
per
6Vz %
of
available
for
cumul.
record
been
stock,
$100,
of
The
on Feb.
10 and May 10, last. Dividends
Feb. 10, May 1 and Aug. 1, $1.62V2
each;
7, $3.25 each.
declaration
compares
50
$25,
represents
1941.—V.
payments
157,
cents per share
payable
with
Payments in
$1
Sept.
paid
on
were
1942
due
Nov.
1,
as
10
June
has
925,500
declared
holders
to
10
follows:
been
and
50
March
of
50
the
on
record
cents
10,
in
force in this
company was Increased by $127,399,900
during the 12 months ended June 30, 1943, and amounted to
$7,182,on that date, it was stated on
July 22 by George L. Harrison,
President, in a mid-year review of New York Life transactions.
1940,
1848.
p.
Aug.
20.
10,
sum
This
March
on
New insurance premiums and renewal
premiums during the first half
1943
aggregated $120,487,678, an increase of
$3,919,262 over the
received during the
corresponding period of the previous year.
There was a marked decrease in the volume
of policies
surrendered,
which was only 62%
of the amount surrendered
during the first six
months of 1942.
of
common
1943.
cents;
June
10,
$1;
As
compared
with
the
first
higher this year,
benefits, resulting from
43%.—V. 157, p. 1947.
but
13%
June—
1943
from
railway
Net from railway—
ry.
1942
.
1941
$1,273,332
$1,024,521
718.576
604,106
238,315
152,777
243,574
124,355
of
1942,
claims
for
reported
death
additional
accidents,
claims
accidental
showed
New York, New Haven & Hartford
Period End. June 30—
January 1—
from
half
automobile
were
death
decrease
a
of
446,842
income
oper.
of
,
New York Life Insurance Co.—Results for
Mid-Year—
New Orleans & Northeastern
RR.—Earnings-
From
RR.—Listing of Certificates
New York
Insurance
Sept. 10, 50 cents; Dec. 10, $1; and Dec. 19, 25 cents.—V.
157, p. 1947.
Gross
889,758 "■
938,340
635,087
per
follows:
as
1941 and May 1,
par
1,500,038
530,643
Stock Exchange has authorized the
listing of certif¬
icates of deposit for 3,760 shares of
preferred stock and certificates of
deposit for 58,800 shares of common stock
upon issuance, pursuant
to letter dated June 3,
1943, from New York Central RR. to
the com¬
pany and the company's letter of June
15, 1943 to its stockholders.—
V. 158, p. 195.
payable
$1.62V*
1,328,245
income
oper.
Deposit—
of
account
on
par
'Distributions
5.
ry.
New York & Harlem
compared
Increase of 9.01%.
declared
preferred
Aug.
92,842
its
63,873,378,
an
69,577
78,292
income
oper.
January 1—
railway™.
from railway..
from
this issue
on
Dec.
dividend of
Net
Operating
kilowatt-hours
1942
$193,203
70,323
.
—V. 158, p. 89.
New Jersey Zinc Co.—To Pay 50-Cent Dividend—
stock,
Gross
plants (net)
the
were
2 and
current
1,
$4.87V2
on
made
were
and Nov.
$4,784,077 $20,498,971 $21,193,845
of
ry.
Net
Association—Output Up 9.01%—
of
railway-.-.
railway
From
Gross
-Earnings-
1943
$214,923
from
from
Net
ft.
number
Connecting RR
'
.
Gross
23
cu.
reports
holders
to
paid in 1942
1943—12 Mas.—1942
$20,870,170 $21,850,037 $88,834,496 $88,202,949
10,409,966
10,269,372
42,245,840
43,089,938
2,875,337
3,731,696
13,823,594
11,789,986
1,338,217
1,439,601
5,427,412
5,467,333
1,639,604
1,625,291
6,833,679
6,661,847
expenses
taxes
Prop, retire,
16
A
revenues
Operating
tne
Association
dividend
Aug.
Feb.
Subsidiaries—
Oper.
corresponding
New York
output
7.38%
or
New Haven Clock Co.—To Pay Accrued Dividend—
National Power & Light Co. (& Subs.)—EarningsPeriod End. May 31—
Federal
kwh.,
week is reported at 93 875,000 cu. ft.,
or 4.12%
above production of 90,160,corresponding weetc a year ago.—V. 158, p. 395.
3,715,000
accumulations
which
the
lor
electric
reports
859,406
territory for the week ended July 24, 1943, as
with 58,595,035 for the week ended
July 25, 1942,
of
.
or
kwn.
of
Output for the preceding week was 63,246,446 kwh., an increase of
10.03% over the corresponding week last year.—V.
158, p. 395.
■
•
considerable
contracts
liability
11,637,254
for the July
in
it.
cu.
The
*
-
1941.
Note—A
increase
an
Net
t$473.529
$148,132
$267,410 in
1943,
$146,512 in 1942, $132,159 in 1941 and $116,264 in 1940.
jEquivalent
to 43 cents a share in
1943, 55 cents a share in 1942 and 98 cents a
share in
of
is
New England Power
"74,000
v'
$205,975
t$265,943
provision for depreciation
deducting
production
Association—Output—
July 23 this Association
This
49,159
1
•
J,„
profit
''After
ended
kwh.
increase of
an
■
J 143,000
refund of Fed¬
excess
Net
12,785
f
.
f
tax
Post-war
eral
—
excess
week
ago.
Gas output
000
Prov.
the
12,496,660
year
and
—
Net
New England Gas & Electric
For
July 3,'43 June 27,'42 June 28,'41 June 29,'40
$475,860 - $1,636,312
$1,203,163
$259,963
oper,
Int.,
diva.,
rents
miscellaneous
(& Subs.)—
"
*
CHRONICLE
railway
7,079,358
Railway
RR.—Earnings—;
1943—Month—1942
$15,160,280
•
1943—6 Mos.—1942
Net
other
•
•
_
to
public-
applic.
ority
1,3:
to
Period End. June 30—
min¬
Federal
interests——
Other
Power
Co.
in
&
of
subsidiaries
National
Net
960,787
taxes
382,187
taxes
253,383
res.
&
1943—12 Mos.—1942
$1,958,822 $26,042,587 $23,060,669
gi 853,361
11,263,474
10,229,855
232,378
3,517,896
2,381,445
242,413
3,011,331
2,890,100
294,500
254,510
$326,467
$376,160
$4,497,379
2,338
197
20,417
3,752,507
Other
322,318
297,762
1,834,078
:•
-
taxes
Railway
taxes
$5,575,592 $35,844,678 $26,429,085
1,860,000
12,798,965
8,246,000
income
$4,123,963
$3,715,592 $23,045,713 $18,183,085
...
464,818
■
365,438
596,926
—
529,625
$3,062,219
————
avail,
3,466,307
2,375,851
,
2,985,060
these properties:
Western
were
0?d Colony RR.,
RR.,
July
31,
Gross
carried to
con¬
solidated earned surp.
•Full dividend
earned
unearned.
or
provision
ended
$1,281,817
requirements
tNet
for Federal
May 31,
$856,551
applicable to
credit
capital
after
stock
tax
$5,962,148
respective
adjustment
aopiicable
$5,377,456
periods whether
of
$43,229
thei-iive
to
over-
months
1942.
Net
ry.
taxes
Net
&
oth.
from
"Net
$244,099
tax.™
Net
$2,440,189
4,369,944
2,696,183
1,714,520
949,185
1,651,273
5,993
154,076
13,400
23,450
56,027
44,784
$483,287
$1,221,264
$43,229
five
overprovision
months
ended
for
May
1942.
number
of
at July 17,
stores
in
operation
decreased
,
1943—Month—1942
.
$
revenues
993
in
1942
to
Co.,
announced
was
dividend
of
payable
10;
Aug.
made
was
10
to
the
15,
last,
and
March
on
.
31,
1942.
Shipments
than
28%
for
above
the
first
six
the preceding
months
of
year,
setting
be
1943
The
semi-annual
increase
an
released
report, ..to
in
net
profits over
last
June
were
shortly,
it
year,
30
and
9,006,000
55,192,690
581,971
3,706,113
3,521,799
(rail)—
17,769,258
—1,947,152
15,826,892
108,908,555
95.171,215
1,696,126
11,323,886
9,898,563
22,369,744
13,083,840
8,383,903
68,536,204
is
was
more
accord¬
expected
added.—V.
to
157,
1,744,632
8,497,313
stock,
with
compares
1942,
$25,
par.
and
$1
payable
75
Aug.
each
cents
March
on
10
14,
to
paid
declared
holders
156,
the class A
on
of
April
on
1942.—V.
7,606,999
7,801,905
46,120,931
1,616,336
9,713,721
record
30,
1943,
1056.
p.
9,418,241
55,834,652
118,173
163,551
3,988,908
706,991
3,903,134
23,104,418
770,933
23,750,757
5,347,470
5,265,782
32,023,243
16,616,907
income.
profits
Other
Net
taxes
July
and
30.
on
This
July
8,
Total
income
$3,595,914
—™_
Net
•.•;,
$2',389,218
$2,428,686
1,944,626
——
'• V-
'
'
"
1
'
'
2,333,551
1,11
'
'
10,418,335
7,360,779
6,066,351
6,531,953
"
'
'
$9,499,796
8,167,430
■
1
■■
■
1
$3,532,191
9,723,131
.
i.
,
Balance
Earnings
$484,060
per
$55,667
$1,332,366
{$190,940
$1.56
share—_
$1.54
$6.11
from
—....
inc.
after
eral taxes for
1943
have
been accrued
{Deficit.—V.
158, p. 293.
&
Queens Electric
revenues
Light &
1943—3 IVIos.—1942
$7,165,963
"Operating expenses
Depreciation—
Power Co.—
1943—12 Mos.—1942
$6,830,946 $29,234,624 $29,501,737
4,385,083
16,095,554
16,742,096
618,000
2,613,000
2,771,000
1,459,495
6,890,758
5,803.336
4,020,738
586,000
1,740,002
Taxes
Other income
Gross
Net
—-
income
Income
fixed
deductions
income
Preferred
dividends
excess
profits
•Includes
taxes..
9,026,500
^
4,951,976
45,125,820
Note—No
York
at rates
imposed by the Revenue
V.
156, p.
computations
Gross
1943
from
Net
Net
ry.
railway
railway
from
309,906
no
excess
994,862
excess
profits
1,281,537
profits tax,
tax
as
liability.—
1747.
from
Net
ry.
RR.—Earnings—
1942
1941
$4,970,965
3,459,954
2,226,363
906,660
1,141,172
1,062,431"
1,303,231
400,243
-
49,668,229
39,989,136
27,590,874
17,918,788
6,876,067
6,305,363
11,490,132
6,926,241
Gross income
Income
6 Months Ended June 30—
1943
1942
1941
$2,025,434
———-1.421,728
$2,423,885
1,384,038
Expenses—
Net
revenues
$1,116,097
861,614
$1,039,847
829,834
—
——
•Taxes, interest, etc.
———
"Including accrual for
to
excess
the
six
$254,483
$210,013
months
ended
statement
for
the
No liability is indicated
tAdjusted to include $54,779 attribut¬
June
30, 1941, reported in the nine
period
ended
Sept. 30,
1941.—V.
New
trustee,
York
Chase
11
Fire
National
Broad
Protection
of
158, p.233.
City of New
N. Y., will until 12
St., New York,
Aug. 11 receive bids for the sale to it of
bond.—V. 157, p. 1849.
one
$304,490
t$277,257
206,318
$33,229
777,175
863,688
maintenance
192,983
been
made
for
Federal
profits tax, as
liminary computations indicate no excess profits tax liability.—V.
excess
pre¬
157,
1748..
New York, Susquehanna &
from
Gross
from
York,
o'clock
successor
noon
$1,000 1st mtge. 4%
oper.
ry.
Gross
from
on
Net
from
Net
ry.
—V.
1941
$338,558
155,769
88,811
2,912,360
1,382,167
1,946,199
759,014
1,854,928
1,575,474
789,654
585,531
545,714
373,864
379,317
247,113
-
1—
Jan.
gold
1942
$465,215
205,069
income—03,527
railway
railway
railway
railway
oper.
income..
158, p. 90.
Western RR.—Earnings-—
$341,393
151,365
81,934
1943
June—
Net
Co.—Tenders—
the
t $31-1,388
property..
allowance has
From
Bank
1,183,075
bonds
expenditures of
No
Net
The
$1,155,818
1445,990
*$145,458
Federal income taxes.
profits tax.
months
$1;700,480
tLoss.
p.
Net income
Federal
719,216
$19,673
281,061
for
——
•Includes
■
1,160,760
$864,674
of
new
Ealance
$2,537,825
798,000
1,541,345
-
income
net
of
or
Co.—Earnings—
(Including New York Dock Trade Facilities Corp.)
Revenues
6,645,491
818,000
1,875,986
deductions
Approp.
acquisition
New York Dock
8,664,826
123,000
361,566
Operating income
6,354,726
3,143,321
—V. 158, p. 395.
1,190,194
136,000
Other income
21,807,346
23,868,621
income.-.
1943—12 Mos.—1942
$1,685,559 $13,034,918 $10,099,127
414,152
;
Taxes——————
$3,370,508
1943—3 Mos.—1942
1,792,845
expenses
Depreciation
1940
$7,319,097
Corp.—Earnings—
$2,708,691
revenues
"Operating
3,894,878
railway
oper.
New York Steam
Period End. June 30—
Operating
$8,128,700
income.—
oper.
From January 1—
from railway
for
indicate
Central Lines
West, with headquarters in Cincinnati, Ohio.
He
will be replaced
as
Assistant General Manager by Chester A.
Ray¬
monds, Superintendent of the Buffalo division.—V. 158,
p. 89.
able
249,723
allowance has been made for Federal
preliminary
J.
Brinkworth, Assistant General Manager with headquarters
Syracuse, N. Y., has been promoted to Vice-President of New
at
maintenance
expenditures of —
15,940,821
Official Promoted—
$6.60
•Certain
retroactive
adjustments for taxes and other items made
during 1941 and 1942 have- been distributed to the periods to which
applicable.
fAfter deduction of excess profits tax credit of 10%.
Fed¬
Act of 1942.
Operating
•Includes Fed. income &
60,528,754
$3,565,292 $14,186,669 $14,438,674
1,176,074
4,686,873
4,906,483
1,167,228
income
65,709,914
$3,745,209 $15,264,142 $14,774,496
Drl79,917 £>rl,077,473
Z>r335,823
Dr265,044
deductions—JL-
Dividends
2,306,179
1,608,376
$3,860,958
income—net.™
Interest
Net
income
oper.
15,341,246
3,022,260
1,533,718
taxes
Other
Co.—Earnings-
"1943—12 Mos.—"1942
$25,402,543 $23,001,010 $97,4.58,742 $89,195,982
——
York
Operating income
deducts,
June—
common
•1943—3Mos—♦ 1942
16,985,607
"237,605
23
Period End. June 30-—
41,138,597
oper.
Total income
Miscell.
Net
New England Telephone & Telegraph
Operating
expenses
fFed. income & excess
"5,841
income
29,266
8,744,286
9,368,777
New
32,394,311
1,761,778
ry.
Gross
Period End. June 30—
Operating
revenues
457,698
2,881,082
227,834
Earnings-
8,743,401
17,930,440 123,154,448
New York Chicago & St. Louis
New Bedford Rayon Corp.—$1 Class A Dividend—
A dividend of $1 per share has been
railway.—
oper.
3,539,133
3,967,798*
411,610
•Deficit.—V. 158, p. 90.
77,156,317
36,018,605
1.678,905
John
p. 1463.
.
from
ry.
105,674
35,707
53,576,087
Net rev. from ry. oper.
Dec;
slightly
high mark,
new
a
ing to A. J. Brandt, President.
show
Net
81,512
"20,779
income—
oper.
January 1—
railway.
from
Net
341,300,624 266,978,513
39,014,932
27,654,532
"Railway tax accruals
Equip. & jt. facil. rents
Dividend-
per
April
6
'
$577,347
directors
have declared a
share on the common stock, no par
value,
holders of record July 31.
A similar distribution
cents
10
on
that
20
'
9,333,656
income
Cleveland—XO-Cent
July
$
5,400,193
charges
on
:
583,414
Transportation
Shipments Higherit
$
50,441,622
Traffic
1943.—V. 158, p. 395.
Tool
ry.
From
1941
$663,474
126,625
railway
railway
1942
$801,104
from
Gross
Ry.—Earnings
1943
from
Net
1943—6 Mos,—1942
7,309.176
—
struct.
Fixed charges
National
Net
59,312,400
Maint. of way &
Other income
from
New York Ontario & Western
(Including All Leased Lines)
Period End. July 25—
1943—28 Wks.—1942
$6,702,576 $49,884,743 $48,697,998
$7,129,480
The
II
and
Co.
1,410,054
Central RR.—Earnings—
1943—4 Wks.—1942
lies
oper¬
2, 1936; Hartford and :
Providence, Warren and
on Old
Colony and Boston and Providence
unpaid charges against said properties
taxes and bond interest.—V,
158, p. 395.
accrued
June—
New York
Net
National Tea Co.—Sales Again
Up—
Period End. July 17—
2,884,254
Boston
Gross
Federal
31,
also
Terminal
158, p. 293.
Other expenses
adjustment of
applicable to the
tax
of
June
1936;
unpaid real estate taxes
properties;
549,169
oper.
$2,241,329
158, p. 292.
7,371,521
dates stated,
results
524,541
income—
ry.
Maint. /of equipment
11,056
and
for
29,503
$1,283,284
$517,793
after
stock
25,356
77,848
January 1—
from railway——
from railway
Net
146,722
$230,357
—
credit
capital
—V.
7,614
342
income
Net income
"38,610
»deducs.
income-1
Federal
27,103
67,334
259,216
222,909
1941
$217,748
From
Operating
income—
oper.
Int.
1,218
4,870
—
—i
taxes
income—
oper.
1942
265,010
•
on
the
13,950,316
RR., Feb. 11, 1937; Boston and Providence RR.
Corp., July
19, 1938.
tEffective as of these dates,
no
charges for the stated
leased rentals are included
covering the Old Colony RR., Hartford and
Connecticut Western RR.,
Providence, Warren and Bristol RR., and
Boston
and
Providence
RR.
Corporation
leases.
TIncludes
accrued
Ry.—Earnings
$486,010
$765,244
477,782
Gross
—V.
Federal
railway
railway
from
Earnings for. Company Only ■
Period End. May 31—
1943—3 Mos —1942
1943—12 Mos.—1942
Total income
$345,860
$625,441
$1,616,431
$2,989,563
Exps., ekcl. taxes
95,673
72,931
346,401
373,149
Other
1943
from
Net
Mexico
rejected
includes
Bristol
&
2,465,803
2,944,256
18,817,495
12,259,505
11,885,916
•The leases of the following
companies
below but net railway operating income
Connecticut
June—
2,365,253
3,550,638
$2,820,529 $17,129,822 $12,773,026
for fixed
charges——
tNet after fixed charges
157, p. 2452,
New Orleans Texas
tax.
Bal.
1,744,475
railway operating
ations of
-V.
deduc—
income
1,400,453
$6,357,451
2,233,488
oper.
income
Income
Balance
Balance
Fed.
749,619
22,836,234
accruals—
tax
Equioment rents
Joint facility rent
deductions.
income
$147,940
$
Divs. applic. to pfd. stock for the
period.
!
operations
way
Railway
income
Int., etc.,
$1,3
——
Net revenue from rail¬
2:
—
Int, & oth.
252,360
3,013,010
Net
Federal
3,875,612
292,853
—
$13,186,859 $87,452,546 $69,881,988
3,698
Gross
1,1
Total ■'
■
6,911,094
9,811,028
vo
$4,541,259
Light Co,
equity
Expenses
9,308,181
11,503,963
878,122
26,391,584
1,691,940
of
•Net
Other income
■
.1,321,778
1,738,126
125,629
of
Traffic
approp.
(net)——
$1,1
Power
—
expenses
$2,217,324
1,771,047
1,917,533
170,372
4,328,703
Maint.
Maint.
Inc.—Earnings—
1943—Month—1942
—
revenues
& struct.
equipment™
General
605,191
1,163,880
Net oper. revenues-—
Other income
Light
income
revenues
Prop, retire,
Net equity of Nation¬
al
964,018
158, p. 89.
Operating
Operating
$1,H
—
818,123
icome_
way
Miscellaneous operations
5,029,121
2,822,456
2,415,506
3,995,869
railway-——
oper.
New Orleans Public Service
' $2,4!
—-
Balance
Portion
ry.
—V.
deductions
Balance
•Pfd. divs.
from
Net
Income—
oper.
Transportation, rail line
Gross
Net Interest to public &
1940
$273,212
■'
105,490
47,701
'
announcement
official
says:
For the first time the number of telephones served by this company
in its territory in New York State and Greenwich, Conn., has reached
and passed the 3-million mark.
Figures available up to July 21 show
that this total was attained during the week ending on that date.
The gain from January 1 to July 21 was about 107,000, producing
a
total of approximately 3,004,000 telephones in
service,; The gain
during that period was greater than for any entire year since 1929,
when the net addition was around 166,000.
In November,
1940, the number of telephones served by the com¬
An
had regained and passed, after nearly 11 years, the previous
peak of 2,696,600 attained in 1929. With the rapidly mounting tele¬
phone requirements resulting from the war, each year of the conflict
has shown large gains—92,200 in 1940, 104,600 in 1941, and 82,000
pany
1942.
in
Of
is
about
of
increase
its
peak of 1,812,600 reached in
previous
York City.-' This
on February 21
1930.—V. 158, p. 293.
about 1,848,700 are in New
36,000 since it regained
present total,
the
an
last
1943
1942
1941
Orders
booked
Orders
Net
$469,589
404,330
154,907
income—
138,308
191,003
98,350
$496,499
171,361
110,472
2,174,535
income-u—
542,346
3,628,247
1,171,226
620,747
2,545,439
railway--—
4,112,008
1,173,453
oper.
ry.
Net
from
Net
ry.
—V.
railway-
from
oper.
Statement of
Income,
317,216
8,496
596,353
277,982
1942
and
profit
eign
subsid.,
Interest
416,230
for
Reserved
for
Prov.
129,187
investments—
readjustments—
Prov.
1942
$9,448,389
2,983,708
1,998,255
4* 1943
railway— $12,207,805
4,838,015
railway
from
Net
from
Net
ry.
Net
ry.
24,510,573
14,349,269
income
91.
oper.
158,
Net
income
p.
2,070,404
1,172,555
1,701,595
—250,000
100,000
——
Samuel
Airlines,
totaled
Solomon
J.
30,623,950
7,127,025
4,402,078
6,0.99,685
of 9.6%.—V. 158, p. 396.
an increase
Gains—
announces
Bangor, Portland. Augusta, Houlton •
Moncton, New Brunswick,—V. 157,
service between Boston and
And Presque Isle, in Maine, and to
p. 1849.
Records Reached—
corporation carried a hew all-
Northwest Airlines, Inc.—New
the
second straight month this
of June, Croil Hunter,
Total airmail pounds
shot up to 391,033 in June, an increase of 15,228 over the previous
record set in May.
Through the month of June NWA planes, their
loads
swelled by new needs for swift correspondence between
war
centers from Chicago to the Pacific Northwest, flew a total of 278,650,825 pound-miles.
The new record exceeds the total of airmail
pounds in June, 1942, by more than 166,000, and the pound-miles total
is more than 90,000,000 over the same month a year ago.
Spotlighting the increase in service of air transportation to the war
effort of the nation, NWA planes carried a total of 7,990 passengers,
mostly on war business, during the month of June, Mr. Hunter stated.
The new figure, he
said, shows an increase of 783 passengers over
the total for the previous month, and: an increase of more than 1,200
over the
total transported by NWA planes during June, 1942.
The
planes flew an estimated 5,197,590 passenger miles during the month.
Northwest Airlines planes, loaded with materials for war industries
in
centers between
Chicago and the Northwest, carried a total of
102,081 pounds of air express during the month of June, Mr. Hunter
added.
The total is nearly 19,000 pounds more than was carried in
June of last year,
The planes carried their cargoes a total of 62,808,673 ;
record
time
of airmail during the month
General Manager, announced.
^
pound-miles.
principally from new demand for-
the totals has resulted
Increase in
quick delivery of express vital to the war
out.—V. 157, p. 2453.
Northwestern Pacific RR.-
effort, Mr. Hunter pointed
-Earnings-
1943
June—
1942
1941
1940
$267,289
5,082
*26,087
$530,008
$429,954
railway——
147,590
118,093
$276,334
29,046
Net ry. oper. income—
From January 1—
102,048
76,800
*3,900
from
Net
railway
from
Gross
2,929,415
from
Gross
Net from
Net ry.
railway
railway
734,857
—
443,509
income—
158, p. 91,
oper.
$9,036,950
$4,675,507
$2,265,419
,
3,100,000
$1,575,507
$0.69
$1,490,419
$0.64
; 756,989
'
552,690
312,922
320,390
335,015
$1,701,950
$0.75
stk.
on com.
-
and
plant
of
i
post-war credit of $715,000.
157,
made
has
company
1,450,956
*163,258
*349,756
1,519,869
8,239
*204,860
Ended June 30—
■
.
♦Before
income
and
profits
excess
—
—
1943
—
—
—
Cash Position Including
December
June
Trust
1942—.i—
Shipments July Shipments
$69,134 ? $44,383 (31 days)
155,147
55,592 (15 days)
367,631;
;
.
$233,522
Co.,
stockholders
Mills
Net
from
Net
ry.
j.
,
from
both
of
approved
have
this company
sale
the
Palace Hotel Co. of San
Interest—
Keyes,
E.
Henry
38,626
-
income—
$27,123
$23,344
11,554
4,396
5,387
interest
of
Called—
its
on
Net
ry.
714,816
oper.
137,456
141,043
300,120
42,606
26,363
146,000
income—
554,729
385,907
railway——
railway—
133,070
7,190
*12,237
♦Deficit.—V. 158, p. 91.
Oklahoma Natural Gas Co.—Earnings—
.
12 Months Ended June 30—
Operating
Gross
Net
;
1943
<
_J——
—
after retirement reserve accruals
revenues
income
income
—
-
^
1942
$12,556,587 $11,046,320
3,045,420
2,204,028
3,609,774
2,707,651.
$3.85
—$2.93
*550,000 shares outstanding.—V. 158, p. 195.
*Earnings per common
share
Otis Elevator Co.—To Pay
A
dividend
of
25
cents
per
25-Cent Dividend—
share has been declared
on
the common
This compares
last. Payments in
1942 were as follows: March 20 and June 20, 20 cents each; Sept. 21,
25 cents; and Dec. 21, a year-end of 35 cents.—V. 157, p. 2049.
stock,
payable Sept. 20 to
with 20
cents
each
paid on
holders of record Aug. 25.
March 20 and June 20,
up
a
as
reserve
contin¬
for
to Pacolet
spindles and 1,600 :
No. 6.—("American
render
to
Court
an
Pathe
...
Opinion in Pathe—
opinion
in
.
.
opinion Pathe has been over-charged by the
$111,188.67".
This over-charge to Pathe was
my
.
The law
months.
following amounts:
the
be tried in
tax
tDeprec. and depletion& ordin.
Other
$2,374,428
profit
504,670
$2,429,474
41,652
.
45,562
•,/
income
funded debt
on
Fed.
1,297,500
)
tax
profits
699,750f
.
J
tax
$1,530,428
387,000
$2,252,325
$2,229,272
income
Excess
-
'
86,250t
(
Prov.
for
V*
conting
profit
—
$931,772
„
$1,112,575
$1,057,178;
before
trustee
the
date
the
of
first publication,
;
,
about
be
$1,500,000,
because
in
the consolidated income
tax
would be able to take credit for the premium
Pennsylvania
with the redemption, as well as un- »■
which the series-A bonds were originally sold.
y
(2)
funded-debt reduction of $115,000,000 in the
a
.
and $43,000,000:
an expenditure
from earnings; and >
and its affiliated lilies, which, ex¬
total $56,320,300 in 1948, $41,580,0001
in 1949, $22,770,000 in 1951, $61,645,800 in 1952, $57,578,000 in I960,
$53,345,000 in 1S63, $124,60G,000 in
1965, $49,911,000 in 1968, and
$135,102,000 in 1970.
■ ■
•
■
'
' '
'
'
- '
•
The evidence shows that the total cash resources of the Pennsyl-vania as of June 30, 1943, were $162,271,677, including $120,167,000 in
special reserves.
It was testified that this strong cash position must',
be maintained because of demands for taxes and other contingencies, .
of
obligations and the remainder
equipment
maturities of the Pennsylvania
of
equipment obligations,
,
■
taxes were estimated at $150,000,000 in
months at $22,922,000,
for
penditures
"
for the remainder of
'
378,2541
1943,
and capital ex-'
1943 at $23,000,000.
Included in the.
special reserves is $18,000,000 to $20,000,000 to provide for possible
retroactive wage awards.
These reserves are adjusted at the close ofthe year so as to reflect actual conditions.
These demands upon its
cash strongly influenced" the Pennsylvania's decision not to retire the
The
the
six
maturities
ensuing
bonds with
possibility
funds on hand.
refinancing' the
of
■
v
Pennsylvania,
Ohio
<Ji
>
Vv..,y
Detroit,
.bonds, series A, at an interest rate below 4% had been under consider- j.
ation for some time, and during the latter part of April, 1943 the, bond
market became favorable for refinancing these bonds on satisfactory;;
$583,655
The
terms."
——
to
bonds
t
.
,
the
Federal income and other
—
.
capital purposes approximating $170,000,000 during the period 1939;
1942, the funds for about one-third of which were obtained from the
(4)
440,000.
.
bonds.
the public;
by
clusive
.28,126
,
-
in
to
$961,909v
.
1
days
(1)
for
$933,783
$2,465,899 ~ $1,806,671
213,574
276,243
$2,419,990
190,718
—
the
with
series-A
Total
.
the public at 101.75, a spread of 'J
past five years, of which $35,500,000 occurred in 1942,
in 1943,
excluding equipment obligations retired; (3)
1940
$1,765,019
36,425
income
,
the
held
$8,577,778 $6,570,291
6,348,924 ; 5,164,805
463,835
471,703
511,035
.
as
the
issue
1941
1942
1943
;
hearing evidence was presented in behalf of the applicants
the book investment of the Pennsylvania System, its in¬
road and equipment, capital stock and funded debt, and
the amounts thereof owned by companies within the system and that
Film Manufacturing Corp.
1
Fall before a court and jury in the
of New York.—V. 155, p. 173.
- •
$10,812,938 $10,503,454
7,927,475
7,569,310
sales
Cost exps.
,
day
31,
to
At
Pennsylvania-Dixie Cement Corp. (<& Subs.)—Earns.
12 Mos. Ended June 30—
last
vestment
by Pathe Laboratories, duPont
and®. I. duPont de Nemours & Co.
will
y
to Kuhn, Loeb &
July 1, 1943, to date of settle¬
interest from
of our order authorizing
sell
and
showing:
.
case
and, oral argument was heard by the
were offered and no formal 1'
objections
the bonds is to be made by the bankers on a date
amortized discount at
based upon testimony given by witnesses
presented
formal
by them not less than five days nor more than ten
entry
return
department profit was improper accounting practice".
The Master
upheld certain of the charges included in cost such as depreciation,
certain administrative charges and shipping expenses.
He, however,'
found that the addition of 30% profit to experimental expense was
opinion was
other
required to be paid in connection
computation has not yet been made.
The Master also held that' the
practice of E. I. duPont dg Nemours & Co. of charging inter-plant'
profits in computing costs of certain film was improper.
He stated
in his opinion "Pathe's objection to the transfer of ingredients from
one
plant to another at a price in excess of cost at the place of
manufacture is sustained; in my opinion the inclusion of such inter-/
The Master's
No
mated
for a period of 15>;
10-year period for which
involves an additional
suit
A hearing was held
savings, and the total net savings, after giving effect to these deduct 1
tions, would be $7,583,664.
The refinancing would also result in a
substantial reduction in income taxes, payable for the year 1943, esti-i
the Federal Court on July 29.
The Master held that
to be billed at the formula price m question ;
entitled
was
.
redemption of the series-A bonds at 102(4% is on a 4.36% basis,
indicating that the proposed financing would result in an annual saving
of approximately $173,000, or $4,325,000 over the 25-year period.
How- '
ever the interest savings are estimated as follows:
Interest on series-A
bonds at 4(4%, 25 years to July 1, 1968, $32,043,375; interest on serles-D bonds at 3%%
for the same period, with allowances for an¬
nual retirements through
sinking fund, $23,496,562, a gross interest
savings of $8,546,812. The 2(4% premium on the called bonds; amount¬
ing to $712,075, would reduce the interest savings over the period to
$7,834,737, indicating an average annual saving of $313,389.
The ex¬
penses incident to
the redemption of the series-A bonds amount to'
$251,072, and consist of Federal taxes. $31,331; Philadelphia cfty lax,
$14,241; printing and engraving, $15,000; trustee's fees, $10,000; mis¬
cellaneous expense, $2,500; duplicate interest at 3%% fdr two monthsif proposed bonds are issued about Aug. 1, 1943, $178,0Q0.
The deduc¬
tion for these expenses would be made only against , (he first year's
from a suit brought by Pathe Laboratories, Inc. against
duPont Film Manufacturing Corp. on the ground that improper items
had
been
included in the costs charged by duPont Film to Pf(the,
"If
in part:
stockholder of the Pennsylvania, was granted leave to »
the right to broaden the issues inherent in the ap¬
Th
resulting
filed his report in
a
without
deposited
August 2.
appointed by Judge Knox of the
concerning accounting disputes
Master
Special
Dohr,
L.
James
the company to issue not exceeding
3%% bonds, series D, to be sold at.
redemption if the amount payable on the called bonds has been de- <
posited with the trustee.
To comply with this provision the proceeds
of the sale of the series-D bonds must be received by the company and
DuPont Case—
Federal
mtge.
supplemental indenture dated July 1, 1943, this limitation is clarified
so
as to
provide that this amount shall not include bonds called for
payable on Aug. 1, 1941; Feb., 1942; Aug. 1, 1942, and Feb. 1,
respectively, at the American Trust Co., 464 California St., San
Calif., upon presentation and surrender to said trust com-.
pany, as paying agent, of coupons Nos. 33, 34, 35 and 36 appertaining
to said bonds.—V. 157, p. 1948.
,
V
'
Laboratories, Inc.—Master's
ref.
&
int., and the proceeds applied to the redemption of
on which settlement under the contract can be made
the purchase price must be received prior to the first
publication of notice of redemption, the redemption being effective
upon such publication.
Under the first and refunding mortgage of the"
Pennsylvania, Ohio & Detroit, bonds issuable thereunder are limited,
to an amount at any time outstanding not exceeding two times the
then outstanding capital stock of the company, and under the proposed
Francisco,
Pathe
Co.,
the
The
Francisco—Pays All Accrued
'
-
.
1st
Payment for
is July
1943,
$583,655
president
issued
be
in
of the Pennsylvania had determined that new,'
such refinancing should bear interest at not
exceeding 3%% and should be sold at not less than par. Tc accomplish
the
refinancing, negotiations for the sale of the proposed series-D.
bonds were commenced with Kuhn, Loeb & Co., and continued through- ,
,
bonds
invest-'1
the sale of the bonds. The;*
••? day
before the execution of the written contract a representative of
Consolidated Balance Sheet as at June 30, 1943
■'
Halsey, Stuart & Co., Inc., called upon the president of the Pennsyl¬
"Assets—Cash, $3,298,421; U. S. Treasury certificates of indebtedness,;^ vania, Ohio & Detroit seeking information with respect to this iinan-,
cing, but did not succeed in getting it. After the" contract was executed,
$225,000; notes and accounts receivable (less reserves), $505,821;• In¬
Halsey, Stuart & Co., Inc., and Otis & Co. guaranteed the applicants
ventories, $1,638,979;
U. S. Government securities, on deposit*, with»
a
State Workmen's Compensation Commissions, $35,000; cash on deposit s
price of not less than 101 and accrued interest for bonds having aterm of 35 years if such bonds were offered for sale through competitive ,
with
trustee,
$5,500;
sundry investments and deferred - receivables,,
bidding.
■
i.%
$12,118;
fixed assets
(net), $6,572,943; deferred charges to future
•
from
from
set
26 authorized
July
be selected
chase
and
Net
From January 1—
Gross
Net
was
such issue.
If the necessary
authority is not effective on or prior to July 26, 1943, or such other
date as the bankers may approve,- they, or the Pennsylvania Ohio <to
Detroit have the option at any time to cancel the agreement to pur¬
properties
*1,824
70,498
25,024
87,616
railway-——
oper.
sum
The bonds have been offered to
ment.
Treasurer, will pay the semi-annual installments
first mortgage realty gold bonds which became due
♦Profit
1940
1941
1942
$122,864
$1.68
1948.
at par and accrued
Co.,
and the Gainesville Cotton
latter's
the
of
The plant, which has about 57,000
looms, will hereafter be known as Pacolet Mill
Wool and Cotton Reporter.")—V. 157, p. 169.
Ry.—Earnings-
1943
$139,670
' "
railway
which
representatinons were made by any State authorities.
The bonds have been sold, subject to our approval,
1,75.
$500,000.
for
Interest
Oklahoma City-Ada-Atoka
June—
is
tax
of
examiners.
Co.—Acquires Cotton Mill—
Pacolet Mfg.
372,301
158, p. 293.
Gross
369,000-"
for. Federal excess profits tax for the six
after deducting $32,100 for a post-war refund of
157, p.
on
plication.
..
a
of Aug. 27, 1943, a total
1949, at
Farmers
trustee, 22 William St., New York, N. Y.—V. 158, p. 91.
^
Operating
Government Bonds
————————w——
$619,037
363,000
$1.44
bonds.
intervene
corporation has called for redemption as
The
Net
1943
30,
—V.
31,
$532,890
369,000
$0.87
report of the commission states
Otis &
$330,000 of 3Va %
sinking fund debentures due Aug. 1,
102 V2 and interest.
Payment will be made at the City Bank
$655,162
126,642
$817,680
169,903
taxes.
June
1942
v
$319,609
369,000
$0.70
principal amount of 1st & ref. mtge. 4'/2% bonds, series A.
to the Pennsylvania RR to assume obligation :
The
Pacific Western Oil Corp.—Debentures
The
of
1942
'
1943
'
.
—L————
$258,028
liability as lessee and guarantor by endorsement in respect of the
after
The
profit
1,620,287
Authority was granted
and
2049.
p.
like
.i
Nu-Enamel Corp.—Earnings—
6 Months
461,844
289,608
shares
and accrued
series-D
•
repairs..
and
Federal Court, Southern District
♦Net
427,252
941,931
excess
1943
ICC
100 (4
to
•Deficit.—V.
Sales
243.760
24,868
provision
profits
The
775,000
*7,335,000
improper,
2,084,691
317,694
88,572
121,607
CY8,104
Fed.
$28,483,000
final settlement covering \ re¬
negotiation of 1942 war contracts which reduced net earnings after
taxes as shown on the 1942 financial statement, by $181,035.
Sur¬
plus has been reduced by this amount and 1943 earnings are not
cargo
and
President
117,793
213,498
tax
of
excess
ex¬
equipment
the same
•
express
24,962
$176,368
—
sh.
deprec.
Note—The
Northeast
this year
that passengers carried by
Inc., of Boston, during the first six months of
approximately 13,200, compared with 11,677 during
period of 1942, a numerical gain of 1,523, representing an increase of
approximately 13%.
.
Northeast Airlines at present operates regular passenger, mail and
For
$181,208
-
—
for
Prov.
808,791
35,227,658
8,917,748
Airlines, Inc.—Passenger Travel
Northeast
tax
Maintenance
output of this company for the week ended July 24, 1943,
38,264,000 kwh., as compared with 34,980,000 kwh. for the
week last year,
surtax and
following items:
the
Electric
totaled
$1,498,510
common
months
have been charged with
Operations
$5,497,622
affected.—V.
corresponding
6,818
$1,407,115
Note—'The
171.967
(Del.)—Weekly Output—
States Power Co.
Northern
$2,952,304
251,136
21,549
$581,215
outstanding
Earned per share—
a
♦After
railway—
from
profits
1940
1941
$6,888,966
49,489,460
13,345,554
9,621,169
66,772,079
$2;927,342
income—________
of
No.
$598,335 '.
Dr$335,030
Fed., inc. taxes—
before
inc.
for Fed. inc.,
cess
1—
railway——
from
Net
2,683,262
income
oper.
Jan.
From
Gross
Net
Prov.
Amount earned per
Pacific Ry.—Earnings—
Northern
June—
Gross
—V.
of Sept.
as
1,405,588
; $1,400,297
Pennsylvania, Ohio & Detroit RR.-—Bonds Authorized
notes due Sept. 1, 1948, have
1, next, at par and interest.
Payment will be made at the office of the company at Albany, N. Y.—
V. 158, p. 395.
V
6%
series A
redemption
for
1,451,585
(net)—
for
Net
55,451
121,266 '
183,721
i
(
750,000
Cement Corp.—Notes Called—
outstanding
the
of
called
636,458
income-——
income
gencies.—V.
North American
All
$4,332,930
701,087
expenses.
421,618
$464,929
$544,157
deductions
(net)
income
1943—6 Mos.Mos.—1942
Prov. for Fed. income &
$2,089,051
55,187
85,540
foreign
post-war
Subs.)- -Earnings—
$2,911,710
Depreciation
3,492,549
324,202
70,874
57,053
—1
income—
income
(&
$1,460,125
38,384
profits
income-
other
the
record.
$2,036,756
—
Miscellaneous
share
on
of
$559,666
admin,
Total
for¬
consolidated—
not
securities
on
Miscellaneous other
per
share
$1,260,753
operations—
Miscel.
$5,581,000
$4,494,299
$9,371,980
-
from
distribut.
holders
to
1943- -3 Mos.—1942 '
Profit
158, p. 91.
been
Ford, Ltd.
capital stock taxes—
and
cents
per
2
Selling, advertising, gen.
1941
$8,171,608
3,677,30.9
3,569,637
Selling, general and admin, exps.—
operating
10
cents
profit and income
from
66,104,641 90,097,603 36,613,438
37,170,282 27,173,183 16,234,548'
6 Months Ended June 80
operations—— $12,941,617
from
profit
60
Aug.
477.
p.
Period End. June 30—
•
of
payable
—
1943
Gross
&
dividend of
extra
an
dividend
both
$10,
—
against
Billings
Other
1
30
orders, June
orders-
Uncompleted
Total
1—
From January
Gross
———
semi-annual
par
157,
Penick
declared
have
usual
stock,
27.—V.
July
$29,984,731 $72,732,670 $31,322,006
36,131,973 21,871,395 13,928,434
completed
directors
the
capital
Gross
%::f% 1941
1942
1943
3G—
6 Months Ended June
1940
$881,379
railway-
from
Net
railway—
from
Gross
The
and
Co.—Semi-Annual Report—
Otis Elevator
(The) Paul Revere Fire Insurance Co.—Extra Div.—
~
1943, a total
of 1st mtge.
$150,000
Dividends
$786,702
280,989
,June—
.....
1,
4'/2% sinking fund bonds due March 1, 1952, i
through operation of the sinking fund, at 104 and int.
Payment
will be made at The Chase National Bank of the City of New York,,
trustee, 11 Broad St., New York, N.Y .—V. 157, p. 1563.
of
Net
Southern Ry.—Earnings-
Norfolk &
redemption as of Sept.
for
;©
-
.
called
been
have
There
\
Corp.—$150,000 Bonds Called—
Oswego Falls
Co.—Record No. of Phones—
York Telephone
New
Monday, August 2, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
490
♦Before
Federal
income
taxes,
tin
addition
to the above amounts i
charged to operations, the following amounts were charged to special
reserve:
1943, $439,285; 1942, $445,842; 1941, $460,835; 1940, $775,513.
out
and
May
sold
were
i
part 'of June;: Following these negotiations,"the
Kuhn, Loeb & Co., who were the only
June 23 to
on
bankers consulted
ment
in negotiating for
.
operations,
$66,041;
total, $12,359,823.
accrued liabilities
(wages, taxes, interest, etc.), $460,953; provision for Federal income
and excess profits taxes (less U. S. Treasury tax notes of $608,000),
$399,951; first mortgage bonds 4(4% series due 1953, $3,250,000; notes
payable 3%%
series due 1945, $500,000; reserve for self-insurance
(workmen's compensation), $227,837; reserve for contingencies, $400,000; $7 cumul. preferred stock, $3,030,000; common stock, $400,000;
capital surplus, $951,936; earned surplus, since Jan. 1, 1937, $2,584,712;
total, $12,359,823.—V. 157, p. 1948.
I
Liabilities—Accounts
payable
(trade),* $154,434;
V
intervener
The
-
ditions
that
such
are
we
so
contends that this application
as
decide,
to
is one where the con¬
make competitive bidding imperative and asks'
the applicants insist that a refunding issue
while
i§ peculiarly inappropriate for competitive bidding
incident to that method of sale would disrupt the
to
be
ing
called and refunded before definite
could
is whether
as
show
vener
be
consummated.
because the publicity
•
market for the bonds"
arrangements for the refund¬
The applicants argue that the question'
the proposals contained in the pending application-are such "
sufficient savings will result therefrom, while the inter-'
that
contends that the
application should be denied because savings*
Volume 158 ;i Number 4199
THE COMMERCIAL
'k
>.».
'would be greater if a higher
price had
that the failure of the
Pennsylvania
banker
In
was
the
such
disservice
a
issue
and
to- the
sale
of
been received for the bonds, and
to consult with more than one
stockholders,
securities
•
having
mount
is
be
securities the negotiated
price has been scrutinized in the light
each issue and the
money market conditions obtaining at
the sale and, if the
price has been found to be fair and
compa¬
and
tors
or
has
been
authorized.
sequence
to
as
the
promulgated
matter
a
.sales
securities.
of
particular
practice
railroad
competitive bidding and as a con¬
rule in regard thereto.
Nor have we,
given
case,
would
be
indication,
any
expected
the
In
absence
to
of
a
future
general rule
or
ties.
The
series-D
were
>
whether
terms.
issue
of
the
and
The
and
not
or
bonds
railroad
largest
undetermined
was
ascertain
favorable
on
first
months
the
have
in
bonds
certain
bonds
been
diate
could
be
a
but
house,
the
applicants
do
not
to
appear
have
explored
to
be
called
and
appropriate in
•
.and
sufficient
.consulted
under
refunded
than
that
issue.
however,
reason,
more
find
we
of this
case
why
investment
one
competitive
We
unable
are
the
bidding
to
should
applicant
house.
The
any
not
bonds
will
be
.while
indenture
the
reserves
and
applicants
we
creation
assert
not
are
of
that
persuaded
the
series-D
they
that
will
bonds.
have
a
•
It
saving fund.
of
the
With
bonds
be
to
called.
There
are
:,
the
neiirer
profit
Earns, per
the
terms
of
the
1%
is
group
take
to
sub-underwriting and selling
as
$1,-
♦After
285
is
not
in
The
cash
July
bonds
Interstate
31
its
Commerce
order
of
July
Commission
27
on
authorizing
July
the
28
stayed
issuance
of
through
$28,483,000
•
The
petition by Otis & Co.
•i Four of .the
ICC had made nine
that
It
errors.
majority of Division
said
these
included:
(2)
Earn'gs
—V.
confirmed
holding that the transaction "was compatible with the public
interest despite the fact that it did not
appear that the applicants had
received he best price obtainable for the
bonds."
(3) In finding that the price of 100%% was fair and
reasonable.
(4) In finding that the price was fixed
by arm's-length bargaining.
(5) In finding the transaction compatible with the
public interest
"despite the fact that it involves personal profit as an underwriter and
.
a director
Pennsylvania, owns 50% of the stock of the Mellon
Corp.
A number of insurance companies and financial- in¬
stitutions have arranged to purchase various amounts of the
series-D
: bonds. when
issued, from some one or more of the
'
.Securities
selling
members
group
per
to
director
a
of
the
railroad
&
$0.61
depreciation
income
con¬
:
$0.43
and
for
$0 57
Federal
the
first
income
half
of
1943—6 Mos.—1942
1943—12 Mos.—1942
$653,274
$732,578
$1.94
$1.74
$2.46
(&
Subs.)—Earnings—
sold,
1943
for
48,585,511
48,092,115
42,448,011
11,955,714
Federal
11,354,802
9,569,000
taxes
$3.3,615,315
—
Federal
1941
operating
retirement
before
1942
$74,156,540 $69,403,336 $62,431,726
—_
income
Provision
(& Subs.)—
$1.38
*
income
income
taxes
$9,956,420 $10,414,715
6,270,000
3,225,000
2,178,035
$7,345,315
Net profit —:
Net profit per share
$6,731,420
$1.51
$8,238,680
$1.62
■^Does not
include inter-company business or
gasoline
paid to Federal and State Governments,.
\
and
Notes—(1)
computed
(2)
on
The
at
rates
with
K. S.
share
of
average
compared
$1,85
taxes
collected
provision for Federal taxes on income for 1943
prescribed by the applicable Revenue Act.
Earnings per
an
-
40%.
share
products
costs and
on
of
1850.
and general exps., taxes & int
Reserves for depl., deprec,, develop,
Net
rate
$445,298
income
of
$178
was
$382,941
Phillips Petroleum Co.
Cost
$.61
taxes.
1943
$126,419 in 1942, computed at the
for
the
4,520,920
4,449,052
first
shares
during
six
of
the
months
of
common
first
six
1943
stock
months
is
'
*
based
are
outstanding,
of
1942.
Adams, President, and Frank Phillips, Chair¬
Siate in part:
man;
Additions
to
the
company's underground reserves
of
crude oil*,
hydrocarbons, resulting from intensive .ex¬
of producing properties
acquired, far exceeded
production
withdrawals
during the
period.
These
results
are
in
contrast with the discovery trend of the
industry.
Already the year 1943 has marked the initial operation of
several
large and important manufacturing plants of new
and
gas,
ploration and
types,
based
structed,
these
on
being
are
now
ingredient
three
in synthetic
plants
which
new
protection
of
of
which
These
have
been
designed, con¬
by the company.
The largest of
manufacturing butadiene, the basic and
operated
plant
a
all
research.
company
and
projects is
major
lighter
exclusive
high octane
rubber.
will
aviation
Operations
greatly
gasoline
were
increase
and
also
the
started
company's
its
components.
Two
the outstanding new catalytic
process developed by Phillips'
research chemists, the hydrofluoric acid
alkylation process, and are
the
first to be placed in
operation within the industry.
The third
plant is the first of the company's three
isomerization plants.
,;
Also during, the- first / half of the
year,
initial design work or
use
,
actual
construction
started
was
on
other
many
manufacturing projects.
Included
among
these
A large cycloversion
(catalytic cracking) plant, a
a
and
new
superior
synthetic
fractionation
installation,
manufacture
corporation
tax
6 Months Ended June 30—
♦Gross
1940
$263,362
taxes
com.
157, p.
plants
In
1941
$243,227
2455.
after charges
at
the
(1) The finding that the
proposed price of 100 had been
by the directorates of the two applicant companies.
.
-•
sub-underwriters and 175 in the
selling group, a total of 247, but some
•participate in both groups.
These statements show that the Mellon
•Securities Corp., as a member of the
sub-underwriting group, is to take
,,$1,700,000 of the series-D bonds, and as a member of
the selling group
is to take an additional
$1,320,000 of the bonds.
Richard K. Mellon,
of the
asserted
1
Consolidated net income
are
The stay, ordered
by Commissioner Claude R. Porter, presumably will
the Commission time to determine whether it
should grant
a
petition by Otis & Co. for a rehearing.
give
for
Federal
compared with
natural
bonds.
1942
$183,629
•
Period End. June 30—
of an¬
conditions,
controlling carrier.
no
stock.—
provision
157, p.
agree¬
the public interest for a
carrier, the subsidiary
determines whether and under what terms and
on
Philadelphia v Dairy > Produces Co., Inc.
Earnings—
commitment.
which
as
—V.
1943
$262,189
share
Note—The
compensation three-
for the
<jo.—Earnings—
...
capital
par
supervision
provisions of the In¬
express
Brewing
6 Mos. End. June 30—
♦Net
the
for
ICG Stays Its Order on Bail Bond
Sale—Authorisation
of Issuance of Bonds Delayed on Petition of Otis & Co.—
participating
:
While
obligor
hand.
on
72
hereinafter, in the
the respective participants are to receive
of the
by nine "insurance companies and
exception, all of the institutional buyers hold
one
series-A
Co.
subsidiary shall issue its securities, to issue them in such manner
that the transaction results in
personal profit to a director or directors
<•
Another objection to the
proposed issue is found in the circumstances
•attending the sale and distribution of the bonds.
A partner of Kuhn,
Loeb & Co. produced at the
request of the intervener statements show1
ing the names,of the sub-underwriters and of the
selling group, their,
participation in the distribution of the series-D
bonds, and the amouni
'of such-bonds proposed tcr be taken
some
Trust
primary
the
have
-
;a
Under
selling
other
issued
their
series-A
the
underwriting commitment and a like amount for
As above indicated,
profits realized by the
Mellon Securities
Corp. from its participation in the underwriting and
in the selling of these bonds
accrue to Mellon and his sister.
Furthermore,
for
need
portion of the
,could not. havq been retired by using some of the cash
,
Girard
be
majority report, Richard
ments,
an
mental
.
discussed
as
fourths of
not
.
also,
.the
'
,
the
to
selling
good
existing mortgage and will be substantially similar to the outstanding .bonds, except as, to interest rate,
"maturity, and the providing of a sinking fund.
As no new mortgage is to be executed,* no
; special advice and counsel were
necessary in the drafting of a supple-
is
puvchaser from
320,000.
the
was
find
and
Detroit
Mellon, a director of the Pennsylvania, owns 50% of the stock of
the Mellon Securities
Corporation.
His sister owns the remaining 50%.
The record shows that the
Mellon Securities Corp. as a member of
the
sub-underwriting group has subscribed for $1,700,000 of the se¬
ries-D bonds and
as
a
member of the
.possibility of effecting greater savings, such as through the issue of
,serial bonds, either in whole or in part, in effecting the proposed re¬
financing,
Because of the possible effect on the market of the oonds
.
&
K.
convinced, however, that the applicants received the best
price obtainable for the bonds.
Because of negotiations with
only one
.investment
Pennsylvania
Ohio
terstate Commerce Act
pursuant to which this application is made.
A feature of the
proposals which is not stressed in the record also,
I think, requires
attention.
As shown in the
dis¬
received
not
are
the
any of these instrumentalities, since all are en¬
in what is essentially one transaction.
This view finds support
not only in the provisions of
State and Federal statutes concerned with
the protection of
public interests not committed to us for
explorations
favorably
factor
a
gaged
pro¬
than
more
by the record is
company participating in the sale and distribution of those
This is true whether such officer or
director doubles as
sub-underwriter, member of the selling group, or imme¬
securities.
and now to
say, after the exploratory testing of the market is accom¬
plished, and because some other prospective
purchaser is willing in the
light, thereof to offer a higher price, that this issue is one which re¬
quires that the sale should be made
only through competitive bidding,
would-be .a ? conclusion not .warranted
by the facts.
We
,
to
necessary
posed of
the
are
six
over
The market therefor
year.
:
bonds
in
a
underwriter,
a
decision of similar
purport these railroads have considered they should
proceed along the lines heretofore followed in the sale of their securi¬
posed to be sold
both
director of
timely
in
as
observed
be
such
disclosed
that the interlocking
relationships exist.
Considering the broad public interest, I do not regard as a
healthy
in railroad
financing a situation where, in the sale of securi¬
ties by private
negotiation, the same person, although he takes no part
in the particular
transaction, is serving as an officer or director of the
carrier issuing
or
guaranteeing the securities and as an officer or
of
general
a
,in a decision in
notice, that such
affects
condition
security.
.investigation
■%.
modifi¬
way
tions
minimum price
a
The
no
series-D
bonds, that company is nevertheless controlled
absolutely
'through stock ownership and lease by the
Pennsylvania.
The latter is
the motivating force behind the
proposal before us, and it is between
the Pennsylvania and the
insurance companies and financial instiu-
of terms
the time
has been fixed in authorizing the issue of
These practices have been long established and are well
•understood by the railroads.
We have not recently engaged in a general
the
of
Pennsylvania,
However, when we have
proposed sale price to be too low, the carrier has been so
the
advised
sale
It in
which, I think, requires our serious consideration.
In addition to the
interlocking relationships mentioned in the majority report, the testi'mony shows that Walter S. Franklin and C. Jared
Ingersoll are direc¬
reasonable,
issue
491
i
I disagree with the decision approving the application,
relationships
practice
of
deemed
•.
i
-
sold
•of
the
y.
required I consider of slight consequence.
the basic questions presented.
.:
The interlocking
it has
for a number of years to require that
through competitive bidding, or what is tanta-r
thereto, the inviting of bids for the purchase thereof. This prac¬
understood and observed by the railroads.
In the sale of other
established
our
securities
tice
;
characteristics,
equipment-trust obligations and securities of terminal
nies guaranteed by proprietary and tenant railroad companies,
such
& FINANCIAL CHRONICLE
••••*•. f.
•
cation
as
been
1
Commissioner Mahaffie, dissenting stated in
part:
-
special
♦ i'
of
blending
agent,
technical
the
unit
following:
producing
for
additional
an
super-
desulphurization unit, a plant for the
Phillips type carbon black required in
a
special
a
highly
are
the
trolling the issue.
compounding of synthetic rubber, several specialized chemical
sub-underwriting or
'the selling groups.
manufacturing installations, and a large hydrocarbon extraction plant
In finding the .transaction
Among these insurance companies and financial incompatible with the public interest
to be operated in conjunction with the
stitutions are the Prudential Life Insurance
long-distance transmission of
Co.. the Penn Mutual Life- •...."despite the fact that out of 15 directors of the company
controlling
natural gas to
insurance Co., and the Girard Trust Co.
inadequately supplied industrial areas.
the issuer,
The president of the Pru10 of such directors at the same time had
personal or
On
April 30,
1943, the company
dential Life Insurance Co. is a director of the
called for redemption on June
fiduciary interests on the buying side at a price frequently and
Pennsylvania; the presiprivately S 1, 3.943, $5,000,000 convertible 1.%■%•«'
dent of-the Girard Trust Co. is a director of
debentures.
On
June 28,
1943,
the Pennsylvania, and also
negotiated without competition."
company anttbunced that it had elected to redeem on
;a trustee of the Penn Mutual; and the president of the
Aug. 3, 1943,
(7) In finding "that there is any public interest: In
Pennsylvaniaat
the office of Manufacturers Trust
is a trustee of the Penn
protesting the
Co., New York, an additional
Mutual, and also a director of the Girard
market price of bonds
selling above call price when call is contem$7,500,000 of its convertible
Trust Co.
Two other directors of the
1%%
debentures
at
102
and
accrued
Pennsylvania are also directors
plated."
interest.
Holders of debentures listed for
of the Girard Trust Co.
redemption, however, have
"The majority erred," the Otis & Co.
the option to convert into
petition said, "in finding that
fully paid non-assessable common stock
'.
the price between applicants and bankers was fixed
of
Upon argument counsel for intervener intimated that the
the company
at the rate of one share of such stock for each
purchase
by arm's-length
of the series-D bonds
$45.50 principal amount of debentures so
bargaining, despite the fact that the testimony of Martin W. Clement,
by insurance companies and financial institutions
converted at any time until
:
President of the Pennsylvania RR., shows that he
having as officers persons who are also directors of the
the
close of business on
determined and fixed
Pennsylvania
July 31, 1943.
Holders of
stock
so
con¬
.would be in contravention of the intent and
the price on behalf of
verted and of record
applicants, while he was also trustee for a
spirit of Section 10 of the
Aug. 6, 1943, will receive the dividend payable
purchaser of the bonds at a price directly
Clayton. Antitrust Act, although technically not ( in vlolation thereof. t
Sept. 1, 1943.
Of
the
dependent on the price
$20,000,000 of convertible 1%% debentures
fixed by him for" the issuer."—V.
issued in
158, p. 294.
January, 1941, $8,789,500 had been converted into 192,738
Whether or Abt there would be any color of violation of
the spirit
shares of common stock as of
July 22, 1943.—V. 158, p. 92.
'and intent of-Section 10 of the Clayton Antitrust Act
\
should the inFere Marquette Ry.—Earningsstitutional buyers acquire the series-D bonds is a question not com¬
e.
'
'
-
-
•
-
,
mitted
•
>
to
:•
heretofore seated, we
as
received
for decision,
us
While,
i
the
best
obtainable
are
price
Period End. June 30—
not convinced
for
the
bonds
'TotatVoper.
that the applicants
we
not
can
Total
either the savings or the subsequent debt reduction through operation
the, sinking fund which will result therefrom.
The series-D bonds
been
offered
price agreed
and
the
fact
to
the
public at 101%, a spread of 1% above the
to be paid to the applicants.
The amount of that spread
that when offered the bonds found a
wholly
^applicants to sell
the bonds at not less than
100%%
•
1.
for
Net
an
to be redeemed
their
There
is
payment
no
investment
banker,
at
are
this
not
due and
time.
suggestion
of
rather,
over
the
They
there
are
is
at
3. It
by
is
that
•
The
Drl02,402
Dr3,402
70,236
397,208
258,758
-
not
negotiations
our
approval
of
this
transaction
rate
on
this
debt
is
reduced,
a
sinking
Transportation
10,118
7,814
40,742
W
$545,461
$571,067
$3,858,278
$3,509,560
$2,506,363
available
adequate
was
made
consideration
is
on
the
spur
of
the
—V.
$2,825,399
roads
4,900
;
157,
5,393
31,979
The
and
245,244
268,799
1,515,269
$2,311,029
v
,
6; There
being
exercised
if made
be made
could
be
a
time
the
Exploration,
declared
an
Inc.—Extra
extra
at this time,
realized
were
when
the
call
for
the
bonds
Distribution—
dividend of
15
cents
per
Prov.
.<
be
or
a
year from
now,
no
one
(&
;
33,503,710
nrof.
excess
2.054,296
2,090,312
State
and
local
1,969,869
8,095,731
7,734,700
1,987,584
8,649,896
Gross income
V
With
purposes and compatible with the public interest, which are
necessary
and
appropriate for and consistent with the proper performance by
them of service to the pulic as common carriers, and which will
not im-
'pair
their
necessary
ability
to
perform
that
service,
and appropriate for such purposes.
and
(b)
are
reasonably
581,240
$1,006,909
$5,166,631
$4,639,892
998,203
4,931,984
4,288,834
597,893
Cr531,645
income-
$436,571
$499,214
$3,330,333
18,625
11,866
120,456
82,776
$455,196
$511,080
$3,450,789
$3,062,662
203,164
1,215,636
1,041,986
3,284
35,287
21,560
52,250
$316,377
$272,629
$2,213,593
$1,968,426
405,883
835,563
3,768,906
3,246,995
Income
oper.
deducts,
inc.
Net
Divs.
income
—
ry.
3,579,819
1,828,132
4,754,293
1,835,466
Net
4,413,149
Net
Gross
$5,954,611 $23,975,706 $24,078,692
1,741,773
7,183,768
6,873,390
$4,212,838
$16,791,940
2,168,768
2,246,259
$3,670,646 $14,623,172 $14,959,043
Carey,
past
a
The
.
week
of
electric
ended
pres'dent
ago.—V.
158,
p.
396.
the
comnany
amounted
13.1%,
,32,139
35,61.7
677,883
592,280
467,520
197,496
223,743
132,426
114,946
185,331
81,972
income
158,
p.
1940
$127,450
594,402
202,353
130,895
<
92.
June—
1943
1942
1941
$104,906
$130,633
$133,823
$83,329
10,376
30,999
51,334
12,940
3,611
18,250
33,157
*128
railway-—
719,604
772,414
694,672
602,988
railway—-—-
151,533
169,849
245,61.9
185,168
income—
68,046
81,046
152,368
98,429
from
from
Net
ry.
railwayrailwayincome
oper.
from
of
the
in
Pennsylvania Electric
charge of legal affairs.
Net
Net
from
ry.
oper.
1940
over
to
the
and
its
subsidiaries
118.875,000
kwh.,
corresponding
an
period
for!the
Pittsburgh Steel Co.—$4.12V2 Prior Preferred Div.—
increase
a
"
158, p. 92.
-
1943,
or
46,895
35,793
railwayrailway——
oper.
♦Deficit.—V.
output' for
July 24,
kwh.,
13,812,000
39,881
1941
$97,260
...
From Jan. 1—
Association, has been elected Vice-President
I.) Weekly Output—
44,760
from
ry.
Gross
P.
$112,472
11,537
4,415
income—
oper.
from
Gross
New Official Elected—
Bernard
1942
$104,016
railway
railway—
Pittsburg, Shawmut & Northern RR.—Earnings-
$17,205,302
542,192
$3,597,971
—
y
1943
Net
Balance
taxes—
From Jan. 1—
6,216,173
542,192
stock
-
from
Net
448,703
$4,140,163
-
pfd.
on
fixed
income &
profits
from
1,107,795
1,873,150
after
$2,979,886
from
——
June-^Gross
1,350,540
$6,015,313
deductions
C?490,508 Cr3,095,686 Cr2,628,828
•
'
the
foregoing modification we find that the proposed issue
by the Pennsylvania. Ohio and Detroit RR. of not exceeding $28,483,000
of first and refunding mortgage 3%%
bonds, series D, and the pro^'posed assumption of obligation and liability, as lessee and guarantor,
by endorsement, in respect of these bonds by the Pennsylvania-RR. as
aforesaid, (a) are for lawful objects within their respective corporate
239,512
4,715,690
587,467
158, p. 200.
—V.
7. The spread between the sale price of 100 and the
offering price
to the public of 101%, under the facts before
us, is too great and should
be reduced by increasing the sale price to not less than
lOOW.
Such
a price appears to us to be fair and reasonable.
243,593
4,766,285
96,106
'
460,836
foretell.
'
38,324
807,240
Pittsburg & Shawmut RR,- —Earnings—jj-
1,211,186
taxes—
1943—6 Mos.—1942
$3,078,246 $17,445,038 $16,269,084
254,155
1,627,489
1,388,212
875,512
5,053,573
4,704,538
rents
charges
7,142,303
1,800,968
taxes
Other Federal taxes
each
$502,819
ry. oper.
facil
charges
Net
can
in
39,631
♦Includes Fed.
other
taxes—
share
—
1943—12 Mos.—1942
for
income
per
capital
compares
97,416
income
Net
—V.
Subs.)—Earnings—
1943—3 Mos.—1942
deprec.,
renewals and replac. —■
Fed.
it is very doubtful if the saving here to
we to
disapprove this sale.
What the
monetary situation may be six months
Fixed
share
utility income
$22,803,432 $20,513,227 $89,690,634 $82,287,839
Oper. exps., incl. maint.
9,170,521
7,694,125 36,170,698
Federal
must
and
rev.
cents
J,;*!'
the
135,535
ry.
usual
Philadelphia Electric Co.
Oper.
25
on
This
761,553
income
Total
directors have
and
12.
$1,169,546
2455.
Period End. June 30—
indicated,
limit
Net
1,621,455
$296,874
auartely dividend of 25 cents per share on the common
stock, par $10. both payable Sept. 15 to holders of record
Sept. 4. Like
amounts were disbursed on March 15 and June
15, last.—V. 157, p. 901.
withodt
first, by the fact that the call
price of the hew bonds for sinking-fund purposes is 103, which limits
the price at which the bonds could be sold to the
public, and, second,
>by the attempt to modify substantially the offer after the hearing.
860,643
(rail)—
♦Railway tax accruals
excess
and
316,534
income
will
last,
declared
Aug.
34,397
$295,317
p.
been
record
1943—Month—1942
equipment
Equip. & jt.
income
has
of
$2,578,596
—
Miscell.
fund created,
moment
28,
& struct.
Net rev. from
for
charges——
leased
39,216
Other
Net
5. A rival investment company at the
hearing, after the market had
developed and the securities subscribed for, made an offer at 102.
offer
May
Other expenses '
•been
this
of
358,253
$2,864,616
$537,020
.'and the period to" maturity materially shortened.
That
Maint.
389,460
$3,899,020
for
share
holders
July 25—
of way
41,861
equipment
Interest on debt
a
on
per
to
revenues
Maint.
$578,881
and
covering
1
Pittsburgh & Lake Erie RR. Co.—EarningsPeriod End.
55,044
Petroleum
questioned
interest
1,881,951
$555,580
income
Rent
.result in a-saving to the applicants of
approximately $9,000,000.
4.
388,656
103,003
mutually satisfactory purchase and
applicants' boards of directors composed
price confirmed
businessmen.
a
which
Mills Co,—25-Cent Dividend—
cents
paid
Total; income
Miscellaneous deductions
fixed
purely
the record that the Pennsylvania, with
is under any obligation to any
transaction is the result of arms-rlength
in
cents
$500,535
compelling
called
50
25
Sept.
income
oper.
Income
no
to be
with
of
payable
$4,650,475
Dr22,444
CJ'9,392
Dr
dividend
Traffic
on
between competent parties
"considerable period culminated in a
of able
(net)
A
stock,
preceding quarter.—V. 157, p. 1653.
$8,934,426
4,925,255
$3,000,000,000,
proposed
dealing
,sale
rents
ry.
Other
,,,,
2.
facil.
$1,018,358
911,174
accrued
to save money.
,
$1,505,321
Summarized
,
The bonds
reason
3,144,128
PiUsbury Flour
1943—6 Mos.—1942
$3,618,503 $27,005,194 $20,022,582
2,600,144
18,070,768
15,372,106
Operating
-
'''
i
of par and
expenses..—
Jt*.
favorable
market, together with the evidence given as to the interest of other in¬
vestment bankers in the issue,, indicate that a
better price than par was
.available to the applicants.
We conclude that we should authorize the
.interest. ""
oper.
$4,649,449
Net operating revenue
Railway tax accrualsEquipment rents (net)_
overlook
of
have
1943—Month—1942
revenues--;.
The
year
nn
directors
nAfmintv
nf
on
July
28
accumulations
declared
on
the
a
d vidend
5%%
first
of
$4.12 Va
series
Drior
per
share
Dreferred
<
H
•
totaled
It
V
•
V
holders
stated
that
class
of
the
under
are
part
was
public.
Cheese
of
' t
.
,
for
exchange
preferred
prior
the
1943
sales
President—
Pittsburgh Steel Foundry Corp.—New
incl. conting. but bef. taxes
Cordes
Frank
and
Co..
Net
Corp., to succeed Parker Wilson.
reported, without confirmation, that Mr. Cordes
succeeded as Chairman of Blaw-Knox Co., by William P.
would
be
Witherow,
President of the National
Mr. Witherow is a former
Manufacturers.—V. 155, p. 91.
President.
of
Y,—L—
profit
—$598,785
,
Outstanding shares of common stock
Foundry
Association
2,096,772
1,686,000
*
$410,772
402,126
314,674
Earnings per share
•.
>$1,31.
$1.15
Note—The indicated net profit for the quarter ended June 30, 1943
is $316,217 or $0.70 per share of common stock on 402,126 shares as
compared with 1942 second quarter earnings of $135,310 or $0.43 per
share on 314,674 shares.—V. 157, p. 2052.
V ( '
has
was
3,288,785
2,690,000
-.
.—
Net
■
.
.
..
Net
ry.
from
ry.
—V.
...
Net
ry.
income
oper.
Net
1,542,115
77,352
2,488,152
900,815
2,045,874
560,901
V
member
454,968
/43,837
782,068
943,492
income—
158, p. 92.
142,244
2,958,363
984,572
4,017,085
oper.
ry.
—V.
railway
railway—
from
from
Net
102,677
'
156,705
profit
capital
1941
$628,177
1,037,546
stock
share
$0.61
$0.97
from
Net
1942
1941
$1,113,569
458,579
saies
inc.
_—
5,020,214
Net
—V.
1941
1940
$565 333
76,406
21,969
129,600
154,000
19,000
3,829
$50,878
after
$29,544
$57,406
$18,140
180,478
charges-
V
and
income
profit
rA"
'i'
1565.
157, p.
Consolidated Income Account for Years Ended Jan. 31
-
12,241,717
6,629,518
6,802,843
2,666,502
5,024,833
1,328,847
2,034,084
1,681,821
1,351,313
476,105
76,762
Statement—
Consolidated)
(Excluding Insurance Companies Not
$749,889
191,959
234,404 '
24,863,071
4,935,132
2,178,633
$996,386
1942
$1,427,762 '
183,544
$1,363,413
—
profits • taxes—
excess
1940
18.400,416
10,971,731
A
'■/
Net
sales
of
Cost
railway-
railway
8,124,674
13,276,824
Seats, Roebuck & Co. (& Subs.)—Annual
291,444
Net ry. oper. income-—V. 158, p. 93.
depreciation, depletion, Federal income taxes, etc.
provision was made for excess profits tax since the earn¬
based on the tax laws now in force.
•After
from
Gross
17,597,264
1943
6 Mos. Ended June 30—
Potomac RR.—Earnings
$2,338,824
1,372,613
78,654
ry.
railway
oper. income-From January 1— .v
1940,„
$998,819
1,029,133
$0.77
$1,099,161
1,044,916
$1.05
—
Earning^ per
1942
$798,729
1,037,100
1943
6 Mos. Ended June 30—
"Net
from
Net
(& Subs.)—Earnings—
railway
from
Net
income—
158, p. 397.
Net
397.
p.
1943
$3,020,012
1,740,525
June—
,,
Plymouth Oil Co.
158,
Richmond Fredericksburg &
Gross
Shares
the board.—V.
of
856,006
31,471,543
Seagrave Corp. (& Subs.)- -Earnings-
President of -Reynolds Metals
Reynolds,
3,238,095
48,390,416
71,711,168
33,155,743
20,168,571
railway
Federal
Co., has been elected
Chairman
of the
board of the Richmond Radiator
Co.
Henry L.
Charlton, Vice-President and director of Reynolds Metals, has been
named
President.
H. J.
McMenimen, formerly an executive of the
Budd
Wheel Co.,
has been elected Executive Vice-President and a
S.
R.
$353,836
$599,046 v $464,142
205,631
18'o,526
1—
From January
Gross
1940
1941
1942
Y'Y
$663,946
236,247
161,093
railway
from
Net
1943
,
railway
from
Gross
.
Y
$3,343,564
300,710
V
9,354
$5,199,404
1,231,520
1—
railway
oper.
1940
1941
,
3,953,444
$11,409,605
5,045,387
income— • 1,650,504
oper.
Net
;
,1942
i
$9,215,312
from
Net
1943
railway
From January
Net
'
Richmond Radiator Co.—New Officials—
Ry.—Earnings—
Pittsburgh & West Virginia
june_
Ry.—Earnings-
r.
railway—
from
Gross
resigned as Chairman of the board of the Blawhas been elected as President of the Pittsburgh Steel
"
1942
-
(
of Hour
.b
^nd raisins.—V. 158, p. 93.
.I
from
Gross
$23,215,000 $16,457,443
—_
Prof, after all chgs.
i
,
June—
6 Months Ended June 30—
Net
(Superior
(Olympic Sugar Co.), beans (Hillside Bean Co.) cheese
Co.), and separate departments to handle purchasse
and dried fruits
Seaboard Air Line
,
Federal income and excess proiics taxes
its
sugar
Co.—Earnings—
Rheem Manufacturing
available to
their shares
stock.—V. 157,
Sept. 1 distribution will be
preferred stock who exchange
the
7%
B
plan
2256.
It
-
1
$8.25 per share.
was
Knox
V'.f
'
themselves
paid on
was
-
in quantity production and are giving a 'tine account of
on
the fighting front.
He pointed out that this return
of the arrangement made when he originally came to Re¬
See also V. 158, p. 397.
0
fighters
payable Sept. 1 to holders of record Aug. 20.
A like amount
March 1 and June 1, last, and on Sept. 1 and Dec. 1,
1942, which compares with $2.75 each on March 2 and June 1, 1942.
Following the payment of the June 1,
1943, dividend, arrearages
stock,
p.
Monday, August 2, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
492
\
-v
.'
■
1942
\
.V .$
$
867,834,052 915,057,628
-
——
administra¬
selling,
advertising,
general
1943
}.t
•
-
sales,
'
<
/•
•
—
and
tive
Repairs
;
•
..
expenses-
735,426,046 784,892,661
6,275,813
6,348,590
10,630,342
10,261,373
12,421,026
13,201,140
.
maintenance..
Depreciation and amortization
Taxes (other than Federal income taxes)—
and
Note—No
Rio Grande Valley Gas Co.—Sale of Bonds
ings do not indicate any liability
—V. 157, p. 2256.
"
Other
July 24 issued an order permitting to become effec¬
declaration filed with respect to the issuance and sale of $87,000
The .SEC
tive
Co.—Accumulated Dividend of 37 V2 Cents—
Poor &
of
The
per
of
the
reported
2256.
to
Service
Co.
company
157,
p.
The
B,
series
Mutual
due
4%,
1961, at par ,for cash
said series B bonds
Insurance Co.;
Life
utilized
to
defray,
expenditures
certain
part,
in
made
for new
construction.—V. 157, p. 2456.
Wrecked—
Royal Dutch Co.—Far East Properties
convertible first preferred stock
and June 30 through the
a
share for share basis,
Commission.—
it is revealed in the annual report
for 1942.
properties were in the Netherlands East Indies, British North
and Malaya.
paratroops were dropped in the middle of the Pladjoe re¬
finery center and it was not possible "to accomplish the destruction as
planned," the. managing directors point out.
"It is known, however, that the central power plant, the furnaces at
the cracking plant and the central boiler plant were rendered useless
and that the jetties were partly destroyed," they add. "The installa¬
tions were afterwards shelled with mortars, and finally bombed several
These
of New Hampshire—Earnings—
Operating
$671,368
169,225
27,863
58,492,011
$8,056,197
203,860
2,920,256
# 205,649
2,604,967
40,403
67,967
75,603
Purchased power
$647,071
41,108
revenues
Operation
67,063
797,769
789,724
77,113
876,829
899,672
Maintenance
for depreciation—
Prov.
State
taxes_
munic.
&
Social
secur.
and
Net
taxes
12,143
148,459
155,794
$273,011
income
other
$226,608
$3,015,826
$2,966,393
Dr 662
Dr263
Dr7,900
Drl4,902
$272,349
$226,345
$3,007,926
$2,951,491
113,648
68,364
1,131,820
830,636
deducts.—
inc. tax
(normal &
Net
Pfd.
•
*
413,951
665,629
131,000
;.;YYY-r-~Y-
$1,326,155
669,797
$1,455,226
669,797
$122,601
$109,381
55,816
55,816
requirements-
Note—Federal
"•'t-*
48,600
tax
income
div.
v
------
36,100
profits
excess
'y-Y
■
surtax)
Fed.
'
taxes for
income
1943 are
Jn the Revenue Act of 1942.
Provisions for the periods in 1942 and
194^. covered by this statement give effect to the rates applicable to
jthdse periods. It is presently estimated that taxable deductions arising
.frqiii, refinancing operations completed in 1943 will result ia a tax
An amount equal to this tax saving is
spying of $603,300 in 1943.
last, stood at fl. 71,863,911.
"It will be realized that
needed
gross income in 1943 as "acceleration
tion of debt discount and expense."—V. 158, p. 92.
of amortiza¬
however; has'consistently followed
to the creation of reserves generally.
justified
Group,
Period End. June 30—
oper.
revenues
$8,671,471
Ry. oper.
expenses
6,199,418
the
Net
from ry. oper.
rev.
Ry.
tax
$2,472,053
free
material
import
of
will have
to
Rutland
retirement.
31,276,535
1,402,521
8,349,433
6,861,427
$1,247,258
$1,772,823 $10,980,944 $10,316,026
Equip, rents (net debit)
29,664
102,664
829,301
1,122,272
Jt.
(net dr.)
32,842
27,837
199,668
162,561
income-
$1,184,752
$1,642,272
$9,951,975
rents
Gross
Comparative Consolidated Balance Sheet, Jan. 31
ry.
oper.
Cash
railway
railway
from
ry.
Inventories
From January
from
from
ry.
1—
'
railway
railway
income
oper.
Investments and
12 Months Ended; June 30—
Net
sales
and
excess
The
earnings
before Federal income
profits taxes and interest
'
'
84,675,127
82,155,145
equipmentl—
9,312,718
9,673,559
24,099,601
building improvements, less amort982,508
from
Gross
1
railway
Net
from
Net
ry.
railway
Due
income
oper.
158,
payable
(refunds and
:l
1
'b,
income
accrued
Other
$142,278
303,828
193,343
$101,635
91,563
$80,077
57,834
57,627
18,203
taxes
in
stockholders' int.
(no par)
„-
"Less
3,976,918
1,442,520
292,103
U.
V.
846,179
1,136,714
183,781,137 183,619,587
;——100,000,000 100,009.009
<
386,586,781 386,798,683
j
in
i
companies
sub.
*
—
—
doubtful
and
of
accounts
$3,502,511
and untLess reserve
!
depreciation of $83,278,602 in 1943 and $78,223,157 in 1942. SLess
S. Treasury tax notes: $63,743,000 in 1943 and $48,096,000 in 1942.—
j
and
$4,630,225
losses of
realized
for
14,373,308
40,156,399
—
—
collection
for
reserve
10,236,595 |
14,237,916c
30,417,563
11,387,438
-
-
—
——
surplus
Total
1943
4,121,774
1,617,681
1,144,049
—-—
Capital stock
Earned
29,342,592
10,344,716
7,463,009
20,663,752
15,378,568
taxes
-
—-
Minority
1940
386,586,781 386,798,683
unfilled orders)—
customers
Other accruals
93.
p.
tUib';.
———-
^Federal
32,092
107,378
1941
5,126,150
1,637,805
-
1
1
._
—.
''
Liabilities—
Ry.—Earnings—
6,132,764
2,823,118
1,960,527
and goodwill
cuts
——-
-
Accounts
1,673,312
1942
170,783
v'
8,724,286
oper. income
1—
drawings,
Total
*17,187
158,
share
Mountain & Pacific Co.—Earnings—
in
1942.
fLess
for
reserve
1943 and $372,871 in
$104,455 in
collection
1942.
'
»*-
197.
p.
of
a
earnings
profit
before
of
2,033 536
735,609
302,710
of
Frank
$372,213
provision
profit of $264,160 in
for
Corp.)
after
excess
report
for
$2.00
(exclusive
the
charges
profits
Federal
This
of
June
income
compares
and
30,
profits
taxes
for
the
taxes
__
had
retire
under
been
the
way
pointed
retired
balance
out
$10
at
of
and should be satisfactorily completed.
25% of the outstanding second preferred
Mr.
Damon
this
said
a
share
issue
on
and
the
suggested it would be
same
basis,
if
it
wise
could
be
in
?
the year
asset
value
of
$9,448,745
of
as
June
30,
1943,
compared
27r
with
value
$86,148
from
rose
June
of
to $7.41 on Dec. 31, 1942, and $9.55
<7<:::•, V.
Y- t
•
"
$6.34 a year ago
1943.
30,
rise
29%
■
.
in
asset
value
share in
per
...
,
the first half of this
in asset value which the company
period in the past 10 years, Mr,
Rubin states.
• YY-Y
< '
:v:Y-':■ V' '-.a,
"Y
*;■
About 90%-of the company's assets was invested in common-stocks i
on
June "30, the remainder being in preferred stocks and bonds, with
only about 1 % in cash.—V. 157, p. 2353.
,
.Y-Yy^
year was the largest percentage rise
has experienced in any semi-annual
V. 157, p. 1565.
■
San Antonio Uvalde & Gulf
1943
1942
1941
1940
3,967,798
3,539,133
2,881,082
2,465,341
June—
Gross
from
Net
from
Net
ry.
•
RR.—Earnings—
railway
18,949
"764
"3,462
"18,101
"23,962
"41,222
"35,367
"47,866
1,200,638
,813,595
656,098
606,272
38,505
42,807
9,098
"209,799
"147,232
"177,443
railway
income—
oper.
From January 1—
Gross
from
Net
from
ry.
270,670-
railway
income
oper.
indicated by the summary of assets ani
times, the asset coverage of the
$101.75 per share, and the asset coverage of the con¬
vertible stock was $1 per share, on June 30, 1943.
v
<
7,297
basis
the
prior stock
was
Income
Julyl7—
1943—4 Wks.—1942
$
* '*
_■
Sales
of valuations
liabilities, bank loans were covered 4.1
p. 93.
46,717,064
Stores in operation on July 17,
earlier.
.
46,529,555
Y. 1943—28 Wks.—1942
1943
$95,270
Dividends
607,828
$
$
312,405,555 321.633,967
last, totaled 2,487, against 2,697 a year
■
Total
expenses
Interest
Prior
of
corporation
Oakland
01*
distribution
of
these
areas.
San
set
Francisco
headquarters,
in
the
during the last 60 days, a number of
or
companies, with offices either in
apart from the company's executive and
dispatch from San Francisco says. Each
a
San
food directly from
producers
divisions to be established was
Francisco, to deal with packers in
first
Other-divisions
are
713,407
$703,099
$768,409
$927,181
'$763,785
—
<i\f: 87,357
87,688
107,719
89,106
99,025
100,00(5
19,125
19,347
37,155
years'
over-accru.
Cr3,500
taxes
*'1940
$50,378
26,062"
Y-.
'Y '
>5
———•
up,
divisions,
buys certain types of
Among
Foods,
has
purchasing
867,438
'
s
Opens Separate Purchasing Divisions—
The
1941
$59,743
681,754
79,030
General
—
1942
$86,655
82,832
income
Taxes
separate
Account, Six Months Ended June 30
:r,Y
Interest income
Safeway Stores, Inc.—Sales IncreasePeriod End.
Selected Industries, Inc.—Quarterly Reporton
railway
.
he was retaining his own common share¬
holdings, all of which had been purchased in the open market.
Mr. Damon told stockholders he was returning to American Airlines
because he felt his purpose at Republic had been achieved—Thunderbolt
arranged.
Y
$464,562
$25,996
$130,878
increased more than 50%
30,
75,000
239,844
The
.
"Deficit.—V. 158,
Backlog is up 10 times, Mr. Damon said.
;y.
Commenting on the financial situation, the retiring President said
renegotiation of contracts for 1942 has not yet been concluded, but that
eight times.
Damon
Y 76,435
Shares, Inc.—Assets Increase-
company
52,635
104,821
89,880
'
10,428
31,500
this
$6,152,993 on June 30,
'
'
Mr.
The
of
1943, according to Edward P. Rubin, President.
semi-annual report, which was sent to
stockholders July
June
1942, and $7,158,898 on Dec. 31, 1942.
Shares outstanding rose during the period, but the greatest portion
of the increase in value was due to market appreciation.
Per share
1941,
President, total floor space has increased approxi¬
mately 10 times, including the additional plant at Evansville and other
new facilities added by the Government,
while personnel has increased
discussions are
$318,604
16,192
..
87,000
taxes
the time he has been
about
630,092
$870,722
on
Net
1,
depletion—
Federal
for
Net income after Fed.
the production delivery rate of this corporation
lias increased nearly
100 times, Ralph S. Damon, President, states
in a letter to stockholders concerning his resignation, which becomes
effective Aug. 31.
Mr. Damon said that during the period which is
May
21,313
21,183
charges
Republic Aviation Corp.—Operations Expanded—
Since
$260,374
_
&
Prov.
a
12 months
ended June 30 amounted to $1,633,654 in 1943 and $1,341,778 in 1942.
—V. 157, p. 2052..
excess
earnings
Deprec.
June
^income
1,364,330
$84,116
ended
taxes,
with
quarter of previous year and with a profit
of $168,254 for the March quarter of 1943.
Consolidated net sales for
the quarter ended June 30,
amounted to $3,289,854 in 1943 against
$3,315,785 for the corresponding quarter last year.
Note—Federal
Net
company's
ended
quarter
and
taxes.
126,747
380,715'
taxes
$2,235,042
value
Asset
$948,697
$210,863
309,411
—
subsidiaries
and
expense
Selected American
1943—12 Mos.—1942
1943—3 Mos.—1942
$641,088
—
Interest
outstanding
and
earnings
shows
$1.97
stock
common
corporation
1943,
to
.
7,044,730
25,208,124
—
-
Buildings, furniture, fixtures and
$275,284
8,221
$352,309
$319,777
61,418
v
56,583,
45,447
38,313
■
'i.^.a^' 2,035,149
1,793,116
342,171
166,796
240,999
58,693
$189,990
567,202
railway.
railway
from
Net
Cost,
2,375,180
—_
per
share
stock
operations-.
t
1940
1941
1943
from
Net ry.
1942
715,900
of
Earnings
^'
$13,209,582 $13,519,325
—
profit
Shares
but
8,971,147
(net).
future
to
—
1,100,062
856,518
-
—:
Leasehold &
1942
St. Louis Brownsville & Mexico
June—
Gross
Frank Corp.)
1943
„_
Consolidated
Net
advances
charges
Land
pay
—-
and properties held for resale
fMortgages,
Reserves
Period End, June 30-
(& Subs.)—Earnings—
(Exclusive of the company's share of the earnings of
""
___
-
Insurance fund (U, S. Treasury bonds)Post-war refund of excess profits tax
\
4,866,763
3,996,075
23,439,884
30,986.892
147,896,935 175^58,396
1,500,000
1,500,009
3,028,000
"Accounts and notes receivable
Goodwill
$409,439
66,301
48,834
' <; •••; :'
2,226,655
239,904
131,636
—
income
oper.
St. Louis, Rock
1
7,533,280
—
|vY
$%YYY
45,213,743 <
74,086,254
—
—
—
-
tJ. S. Treasury tax notes—
Marketable securities
Deferred
1942
.
■
158, p. 93.
Reliable Stores Corp.
■
.
1943
Assets—
Plates,
1943
from
Net
Net
—V.
Net
—V.
consolidated income and earned surplus account
net profit of unconsolidated insurance com¬
undistributed
panies of $41,654 for the year ended Dec. 31, 1942, and includes divi¬
dends of $35,782 in excess of net profit for the year ended Dec. 31, 1941*
$9,031,193
facil.
...
Note—The foregoing
excludes
RR.—Earnings—
June—'
*
_.
that country and will
and
24,415,691
24,557,535
:—
refund of $3,028,000 and $1,882,500 credit for debt
•After post-war
but will lose their rights of
duty,
124,557,535 124,415,691
——
surplus, end of year—
-—100,000,COO 100,000,009
Outstanding shares of common stock™^——,
5,780,774
5,777,499
Earnings per share
—,
$5.87
$6.35
1943—6 Mos.—1942
38,016,628
*
-
ization
From January
income
oper.
the Group
6,777,279
surplus
Earned
considerably higher taxation.—V. 158, p. 294.
Gross
$3,175,344 $19,330,377 $17,177,453
1,224,795
accruals—
of
importation
concessions in
longer terms,
for
concessions
new
its
convert
to
plans
Group
receive
$8,619,661 $57,347,005 $48,454,088
5,444,317
surplus,
,
29,934,225
94,481,466
earned
Dividends paid
,
Gross
Railway
stability of
the
to
Total
"Deficit—V. 158, p. 397.
1943—Month—1942
.
enhanced
has
and
conservative policy
That policy has been
a
9,389,454
24,557,535
beginning of year——.,— 100,000,000
Appropriated to reserve for contingencies
during these difficult war years."
1,
. •
.Y •
Under the new Venezuelan petroleum law, enacted earlier this year,
Net
Ry.
36,711,504
Net consolidated income
has been
abundantly
"The
Net
Reading Co.—Earnings—
considerable sums of money will be
lost," the directors declare.
very
that
all
reconstruct
to
with regard
computed at rates set forth
beirig deducted from
33,946,939
>
35,494,000
JDr92,052
times
12,056
surtax
and
*———*44,195,000
Adjustment for minority stockholders' interest,
Crl2,568
by
57,268
'
Fed.
by Netherlands Indian bombers; it has been reported that among
parts of the installations, the alkylation plant was destroyed
these attacks."
Planning for reconstruction is being actively pursued, the directors
state.
The company's special reserve lor contingencies, as of Dec. 31,
income
tax
Federal excess profits tax
other
than
Gross income
&
410,468
52,530
Non-oper. income
Int.
474,693
4,812
tax
oper.
171,911
4,535
other
taxes,
income
15,069
(Fed.
State)
Fed.
1943—12 Mos.—1942
1943—Month—1942
Period End. June 30—
Japanese
104,324,848 101,657,904
9,675,427
9,295,348
16,520,000
20,065,000
——
from
Federal normal
Earned
With the exception of a small part of the Pladjoe, N. E. X,, refinery,
all producing, refining and storage properties of the Royal Dutch group
in the Far East had been wrecked prior to the invasion by the Japanese,
Borneo, Sarawak,
Public
Gross income
Deductions
Transferred
Preferred—
the Securities and Exchange
bonds,
mortgage
Northwestern
against bondable property additions as provided in the
indenture securing the first mortgage bonds, series A, 4%, due 1961,
under which $2,757,000 are outstanding in the hands of The NorthWestern Mutual Life Insurance. Co.
The proceeds from such sale will
be
103,080,825 100,353,864
1,304,040 /
.—-
—
_
„———1,244,023
income
on
issued
be
to
shares between April 30
this stock into common on
7,857
conversion
V.
share has been
cumulative
5%
outstanding
reduced
cents
Car Co., Inc.—Reduces
Steel
Pressed
was
37'/2
of
first
to
declared on the $1.50
cumul. and partic. class A stock, no par value, on account of accumu¬
lations,' payable Sept. 1 to holders of record Aug. 16.
Like amounts
were
disbursed on March 1 and June 1, last, and in each quarter
during 1942. In addition, an additional dividend of $1.25 per share
was paid on Dec. 1, 1942.—V.
157, p. 1851.
dividend
A
Operating income
Privately—
■
.
those
for canned milk
;
Regent Canned
this and other
(Hanford Milk Co.),
*
Net
Divs.
income
on
$5.50
prior stock
Deficit
—
.
"Surplus.
$706,813
$530,C04
cumul.
—
——:
$572,599
$522,111
670,464 *
$148,353
.
671,833
693,013
698,925
.$99,239
; ;"$i3,8co
$168,921
■
Volume
Number 4199
158
Balance
Sheet, June 30
Assets—
M.M.' '
CtiSil
which
p
•'
*» —
in
Investments
Receivable
U.
at
Government
securities--
securities
dividends
401,000
28,071,230
139,184
*29,324,479
2,801
131,235
419.836
367,227
sold-———
371,819
receivable
Special deposits for dividends,
etc
——
dated
FINANCIAL CHRONICLE
ferred
14.
stock
>
<
into
five shares of full paid and
preferred stock (no par), redeemable
dividends accrued thereon to the date of
non-assessable
Total.
plus
$30,129,599 $31,479,385
^
change
Liabilities—
Reserve for expenses,
Dividends
Bank
Due
for
Due
for
$18,678
—-
—
securities
against
cumulative
$1.50
.6,095,000.
stock
Common
2,056,940
cost
market at
or
the
five
presently
shares
of
authorized
for
143,235
shares
of
the
The purpose
and
$1.20
of
$6
cumulative
cumulative
preferred
the
$20
value
the
$1.20
stock
common
is
effect
3 Mos. End. June 30—
1943
1942
.
1941
-
1940
Gross oper. earns. (aft.
elimin.
intercompany
Costs, selling and
,
72,120,870
64,688,289
_
47,786,684
52,53*,485
from
_
operations
$27,323,966 $15,384,004 $18,188,788 $16,621,579
deprec,,. de?
4'
'
plet., intang. develop,
expend.,
amort;,
and
abandonments
9,890,606
9,947,268
11,383,119
Prov.:, for
,
Int.
on
funded debt, &
amort, of disct, & exp.
Prov. for Fed. inc.
Co.—$20,000,000 Bonds
..
post-war
760,332
2,104,000
2,104,COO
757,817
1,839,700
602,486
The
849,800
bonds
Bros,
ad-
were
group,
at
bids Were
other
obligations
$5,368,007
sh.
per
$2,572,404
$4,208,152
$4,135,788
$0.41
of
$0.19
$0.32
$0.28
Net inc. for the six
Bonds
10,435,194
7,228,950
7,829,946
New
9,449,947
$0.55
$0.60
$0.65
with
case
other
of
members
the
of
The
of
affected
is
For
determinable
earnings
wholly-owned
1942.
The
.June
30
will
the quarter
the report states,
a
and
net
data
which
to
any,
not
reported net
(2)
schedules
if
extent,
at
be
thereto
respect
earnings
this
not
ended
in
the
the
of
is
in
time, but it is believed
may
the
amounted
for
to
this
for
$816,386
in
the
three
1943,: compared
with
Broad
*
in
Listing of Additional Stock—
with
the
the
of the outstanding
making the total number of such
capital stock of Shell Chemical Co.,
Shares included in this and previous applications 13,470,625.
The 400,000 shares are to be issued to N. V! de Bataafsche
•
Petroleum
Maatschappij
(The Batavian Petroleum Co.) in consideration of the
delivery to the company of 50,000 shares of the capital stock of Shell
(sfceh shares representing 50% of the outstanding capital
stock thereof).
Company is at present the owner of the other 50%
of the capital ,(Stock of Shell Chemical .Co.
-Chemical Co.
effect of -the
The
ment
is
forth
set
transaction
below:
.
,
(1)
Capital
$196,059,375, represented by
13,070,625
shares of common stock
(par $15)
will be increased by $6,000,000
representing the par value of 400,000 shares to be issued.
(2) Capital surplus will be increased by $4,000,000 representing the
amount by which the aggregate consideration received for
the addi¬
tional
shares
issued,
determined
as
by
the
board
of
directors
of
(3)
will be
increased
by $10,000,000 representing the cost of shares of capital stock acquired
N. V. de Bataafsche Petroleum Maatschappij.
(4) In accordance with the accounting policy of the company of
reducing the carrying value of its investment in a subsidiary company
from
,
to
book
capital
will
value
the
of
surplus will
credited
be
net
be
with
assets
debited
the
the
at
effective
investment
and
amount
by
which
dace
in
of
Shell
the
acquisition,
Chemical
investment
'
-
the
sale
of
the
bonds
Gas
and
&
Power
Co.,
the
first
for
company
and
refunding
in
3%%
series due
1973
of
5%
assumption
ferred
stocks
of
that
the
all
stock
holders
company
will
of
the
convert
Hotel
corporation,
in New York,
Y.—May Pay Interest—
operators
has informed the
bonds that indications
ganization 5%%
for
distribution
(the
and
owners
application
sum
a
of
sufficient
to
approximately
of
the
registered
are
Netherland
Sherry
reor¬
that there will be available
permit the payment of
$10,000
its
of
owners
to
1%%,
retirement
the
of
and
bends.
'
The
for
corporation
the
mined
six
until
indenture,
made
on
added, however,
months'
the
period
audit
by
is
that
ended
June
Electric
&
Gas
Co.
and
Lexington Water
Power
Co.—
Year Ended
Sioux City
Aug. 12, it was stated.—-V. 155,
Service !Co.—Earnings—
1943
and
(railway
revenues
•feneration
———
—
General
—
for
taxes—
—
38,099
'
Federal
Net
and
State
taxes
Gross
Interest
on
—
long-term debt
of
debt
'
.
discount
and
shares
of
shares
$6
'
,
cumulative
cumulative
($100
par)
a
30,535
1,252
due
1,424
has authorized the listing of 143,235
(no par) in lieu of 28,647
stock presently listed and out¬
preferred stock
common
stock
(of which
682
stock
in lieu
shares
are
(of which 3,410
of 100,000 shares
held
in
treasury) presently listed and outstanding.
meeting held on May 26, 1943, directors adopted
303.000
838,000
856,250
881,250
1,005,276
350,400
891,667
$2,099,873
$2,142,199
$2,183,512
1,504
1,122
8,850
the
com¬
debt
to
$2,108,723
$2,143,703
$2,184,634
July 19, 1924, and its
name
&
Gas
8,
Carolina
at
the
the
Co.
to
Carolina
of
name
Co.
was
Broad
organized
Co.
the
Saluda
South
connections
former
of
the
hydro
the
Co.
was
and
sold
by
other
facilities
of
Light Co. and South Carolina
section
to
energy
of
other
associations
engaged
River
Power
and
the
State
power
of
the
power
Duke
companies
municipalities
in
Lexington
companies
Power
Co.,
tnerefor
The
Lexing¬
Electric
gold
&
bonds,
mortgage 5% gold bonds,
addition
Power
to
Co.
the
on
$108,300
de¬
about
or
Jan.
50,000
shares
of
5%
new
on
or
preferred
outstanding
Co.,
all
shares of common stock ol
which are held by General Gas
of
■
100
shares
make
of
cash
a
the
after
the
consolidation
for
reserve
the
upon
plant
and
merger the company
in
the
amount
of
adjustments
following
estimated
plant
amounts
of
acquisition adjustments
will
plant
$7,400,000
adjustments
2,300,000
300.000
•
1
be
consolidation
and
off.
has
merger
been
approved
by
Por^r
The
the
and
company,
respective
principal
the
has
company
of the
amounts
agreed
bonds
set
The
—
2,000,000
—,
Co.--—
500,00C
Sons__
400,00C
400.00C
2.000.00C
1,000,000
Fenner
—V.
&
p.
158,
Beane
Brown
&
400,00C
& Curtis
400,00'
1,000,000
G.
1,000,00C
Whiting,
Weeks
&
Stubbs, Inc.
Hayden, Miller & Co._
A. C. Allyn & Co., Inc.
Eastman, Dillon & Co.
Equitable Secur. Corp.Tucker, Anthony & Co.
Merrill Lynch,
Pierce,
sell
Graham, Parsons & Co.
Newton, Abbe & Co.—
Paine, Webber, Jackson
Alex.
Ripley & Co.,
Smith, Barney & Co.__
Goldman, Sachs & Co.
Harris, Hall & Co., Inc.
Wisconsin
to
opposite
names:
Inc.
Public
Commission
following named underwriters have severally agreed
from
the
Harriman
H.
Walker &
Co
400,00C
400,00C
300,000
—-
700,00(
700,000
Starkweather
700.00(
&
Co
200,00<
G. H. Crawford
Co., Inc.
J. J. B. Hilliard & Son
700,000
150.00C
150,000
398.
500,000
-
Southern California Gas Co.—To Call Bonds—
The
of
directors
have
taken action to call on Oct.
1, next, $1,500,000
mortgage 3'/4% bonds of 1970 at 105.
This action, it was
brought about by the company's inability to utilize funds
held by the trustee for
financing construction of new facilities.
first
Stated,
was
Because
of
impossible
conditions
war
to
carry
which
on
would
the
the
company
usual
153, p.
is reported
property
necessitate
the
additions
use
of
a
to
have
and
Targe
Oi>i.
1141.
found
it
replacement
quantity
of
in
engaged
through direct
Carolina
and
its
Co.
—
Earnings
Period End. June 30—
1943—Month—1942
1943- -6 Mos.—1942
•' $
Railway
to
local
certain
the
sale of
rural
transmission,
distribution
commercial,
It
and
industrial
environs.
revenues
54,145,305
way
& struct.
5,645.028
Maint. of
Maint.
of
equipment
7,075,426
General
expenses-
expenses
5,712,616
41,172, 372
31,435,181
542,060
10,765,027
3,796, 251
76,166, 669
62,593,193
1,145,093
1,012,668
Transportation
Miscellaneous
38,712,513 291,659, 260 200,966,609
3,256,913
30,722 453
18,921,021
629,940
13,234,858
Traffic
in
also
sale
and
rev.:
fr.
Jt.
fac.
718,489
6,520 992
3,801,228
of
other
ry.
oper.
960,558
6,097, 561
5,497,044
16,756,851 127,182,962
8,023,278
67,452,517
75,452,951
25,402,293
15,218,407
*Net
(net)
1,863,622
1,430,827
10,817,018
163,514
72,544
675,199
8,156,750
rents
the
electric
is
Net
Railway tax accrualsEquip. rents (net) £>r__
cooperative
redistribution.
oper.
3,265,990
Power
5 municipalities, 2 of which are
separated from the territory
generally by the company's electric distribution
system.
Com¬
is also engaged in the business of
operating a bus transportation
Columbia
Pacific
System-
;
Carolina "and
and
for
served
in
(in
Water
The First Boston
Corp. $2,000,000
Lehman Brothers
2.000.00C
Blyth & Co., Inc
2,000,000
Co.
South
residential,
service
their
Co.
produced
Water Power
wholesale
the manufacture,
manufactured gas for
uses
1968
5%
was
1937.
company was an affiliated company
Saluda hydro plant, v The
power
plant
Carolina
with
Carolina
Commission of South Carolina, the Federal
the Securities and
Exchange Commission.
and
in
changed to South Carolina Electric
Lexington Water Power Co. was
in
South
Carolina
on
July 1,
1903.
Prior
to the
con¬
and
merger
of Lexington Water Power Co.
into
South
March
operation
of
adjustments
Southern
$725,000
on
solidation
1,
legally required to be written
The
out¬
History and Business—The South
Carolina, under the corporate
on
pre¬
long-
be
standing
Co.
a
critical materials.—V.
series
indebtedness
(now South
plant
reserve
program,
South
pany
resolutions
be
now
$1,657,669
mtg.
1973—total
central
preferred
common
1,005,087
306,000
Company is engaged principally in the
generation, purchase, trans¬
mission, distribution and sale of electric
energy for residential, com¬
mercial, industrial and other purposes at retail and
Co.—Listing—
the company's treasury)
1,045,749
168,000
income
term
$27,154
-
standing, and 500,000 shares ($20 par)
shares will be held in
pany's
$59,114
889,441
$1,642,045
15,624
$20,000,000 1st
bonds,
3%%
and
York Stock Exchange
$1.20
of
j
$51,583
157, p. 2157.
New
,
26,841
expense
Sloss-Sheffield Steel & Iron
The
Dr362
$79,676
•
taxes
depreciation-
organized
$60,050
0^936
442,256
Net earings before in¬
in
_
income
Net
—
$80,038
(net) —.—-—j.—————-
income
Amortization
At
70,182
—
earnings from operation
Other income
—V.
income
427,972
South
5%
new
charged to the surplus accounts of the
company.
Upon final determination of the
original cost of fixed capital, ,it'is
proposed that the reserve will be
charged with the amount
deterrpined
as
applicable to electric and gas plant
adjustments and with fcU'ch
portion of the amount of electric
plant acquisition adjustments as'may
;
terest, amortization
Annual
int.
req.
on
73,908
70,192
371,141
May 31, '43
Fed¬
earings
Other
$536,338
294,089
.
depreciation
for
Net
1942
$799,249
357,482
100,694
151,505
39,348
bus)—
Maintenance
Provision
indenture,
1022.
2,771,646
333,352
than
income
Prov,
.
12 Months Ended June 30—
Operating
p.
$7,644,757
3,003,196
——
other
eral
$7,457,451
2,778,438
$7,762,704
2,038,561
Federal income taxes
the amount of net earnings
will not be finally deter¬
completed.
Sept. 1, in accordance with the provisions of the
to bondholders of record
Maintenance
Taxes,
1942
$5,909,399
revenues
1941
expenses
the
refunding mortgage
F. S. Moseley ■& Co.—
Carolina
48,742
the
I, 1943).
df capital to
Gas plant
which
6%
Years Ended Dec. 31
30
independent auditors, as provided in the
The bond interest payment would then be
Electric
them,
combined.
ap¬
aggregate $1,726,083.
purchase
Summary of Earnings Available for Interest Charges
Operating
Operating
Jan.
Power
sixty days
to
1940
Sherneth Corp., N.
Co.
and
Lexington
company.
establish
to
preferred stock.
South
to
exchange
Purchases—The
with
the
provisions
of
the
agreement
of
consolidation,
and
the
amount of 6%
preferred stock to be outstanding is stated on the
assumption that none of the holders of the debentures of
Lexington
Water Power Co. will elect to
convert
such
debentures
into
into
of
General Gas & Electric Corporation will
purchase
of the company for $1,735,000 and
Electric
None
accordance
converted
common, stock
43,394
in
of
Corporation, will be cancelled.
outstanding is stated
presently outstanding pre¬
shares
all
Service
be
their
of
Power
first
due
$10,000,000 based
adjustments:
Outstanding
70,000
to
stock
Each holder of the 7% preferred stock of
who votes against the consolidation and
Water
will
of
-
...
preferred
his
1943).
in
the
Electric
Within
will,
*126,210
amount
the
new
company of $240,000, and the company
will pay to General Gas &
Electric Corporation the amounts due
it on
open account and notes, which
with
3,734
the
of
(h)
146,266
*The
receive
new
10,
preferred stock (par $50)
Common stock (par $100)
have
Co.
$200,000,000 $20,000,000
6%
to
accordingly
&
(par $50
of
Water Power Co. 5Va% convertible
sinking
fund gold debentures, due Jan.
1, 1953 (in addition to the
$125,000 delivered to Lexington Water Power
bonds,
mortgage 5%
■
preferred stock
be
Lexington
$400
shares
two
and
of
2,186,900 of Lexington
she.
5%
will
payment
about Jan.
shs.
than the stated net book value at the date of acquisi¬
tion.—V. 157, p. 2457.
This
1,
gold
Authorized
^
mtge. bonds,
:
Co.)
series
contribution
mortgage
elect
due Sept. 1, 1954.
504,400 Lexington Water Power Co. first
and
Capitalization After Refinancing
will be greater
■
Gas
stock
cancellation
into
stock
Corporation, holding 24,371 shares
has assented to the consolidation and
series A,
„
A,
>
stock
$400 Broad River
'
Corporation in connection
Lexington Water Power Co.,
of
to
converted
preferred
Electric
and
with
Electric
merger
deliver
prior
of
(par
which
(g) General Gas & Electric
Corporation will deliver to the company
for cancellation the
following securities:
concurrently with the issuance and delivery of the
General
&
such company and the
ton Water Power Co.
multiple
together
*,
sinking fund gold Debentures
$6
outstanding share of 1% preferred stock
Company will be converted into two shares of
of directors.
1
r
things,
Co.
therein
from
of
(f) The company will be possessed of all of
the properties,
assets,
privileges, powers and franchises of
Lexington Water Power
Co., subject to all the
restrictions, covenants, disabilities and duties of
by Melon Securities
and
stock
$50),
rights,
and
company, are to be applied to redemption of all of
of the company.
of the company, before this
financing, was as
,"3
on
exceeds the aggregate par value thereof.
Investment in capital stock of Shell Chemical
Two
Inc.,
balance of such indebtednesses,
the
company,
Co.,
$504,400 of Lexington Water Power Co. first
gold bonds Series due 1968 and $2,186,900
Lexington Water Power Co.
5y2% convertible sinking fund gold
debentures, and the company will
pay to the holders of, or deposit with the
respective trustees under
the
indentures securing, the indebtedness listed in the
above table
sums
of money sufficient to pay, redeem or otherwise
retire the
to
amounting
board
River
Series
First
.
Lehman
currency of the United States of America
is legal tender for public and private debts.
bonds
are
to be issued in coupon
form,
other
Broad
capital, capital surplus and invest¬
on
similar coupon
a
&
common
(par
Each
debt
consolidation
among
acquisition of 50%
or
such
livered
convertible
offered
now
rThe New York Stock Exchange has authorized the listing of 400,000
shares of common stock
(par $15) upon official notice of
connection
or
Series
proceeds
1
Prior to
additional
in
Stuart
and
103.0879.
of 103.5097 for
River Power
5>/2%
issuance
Halsey,
of
one
Company First and Refunding Mortgage
Bonds, Series A, due Sep. 1, 1954
Parr
Shoals Power Company First
Mortgage 5%
Sinking
fund gold bonds, due April
1, 1952
Issues of Lexington Water Power
Company to be assumed
by the company First Mtg. 5% gold bonds, ser. due 1968-
1942.-
i
by
Corp.
bid
sale,
be
the
consist
,
and
Gold
ended
$600,359
1973
funded
follows:
above
months
Boston
their
on
funds of the
The
30,
company
1
the funded debt
be
materially changed thereby.
1943, the company's net profit,
June
of
First
competitive
Inc.,
July 1, 1943 and mature July 1, 1973. Interest
and July 1 at the office or
agency of the company in
definitive
other
includes dividends received from Shell Pipe Line Corp.,
subsidiary, in the amounts of $450,000 for 1943 and
income
Co.,
to
stock
will
of
requests payment for his shares will be
entitled to the
appraised value of his stock which the
company has agreed will be
$110 and accumulated
dividends, so that a holder is entitled to such
price if he does not elect to have his stock
appraised.
General Gas
& Electric
Corporation, holding 12,517 shares of said 7%
preferred
stock, has assented to the consolidation and
merger and such stock
will be
accordingly converted into 25,034 shares of 5%
preferred stock.
Accumulated dividends on the shares
converted will be paid to the
holders thereof other than General
Gas & Electric
Corporation, which
has waived payment to it of
accumulated dividends. ;
(d) Each share of common stock of
the South Carolina
Company
is to continue as a share of
common stock of the
company.
General
Gas & Electric
Corporation, holding 43,294 shares of common
stock,
has assented to the
consolidation and merger and will
accordingly
continue to hold
43,294 shares of common stock of the
company.
(e) In the event that
any holder of the 5 Va% convertible
sinking
fund gold debentures of
Lexington Water Power Co. elects to con¬
vert such debentures into
preferred stock he shall receive 20
shares
of new 6%
preferred stock of the company for each
$1,000 principal
amount of debentures.
If no holder so elects
to convert, none of the
new 6%
preferred stock will be issued.
dated
Purpose—The
progress.
company
the
coupon
103.298 for
$1,000 authorized by the
petroleum
industry, notice has
renegotiation proceedings and the
been received of the commencement of
preparation
Crawford
registerable as to principal, in the denominations of
$1,000,
fully registered form in the denominations of
$1,000 and any
Notes—(1) A portion;of the profits was derived from contracts with
departments and agencies of the United States Government and, there¬
is subject to the provisions of the War Profits Control Act.
As
the
to
the
3%%
the time of
payment
The
fore,
is
H.
bidding
at
York, in such coin
at
as
$0.80
-
awarded
one
are
payable Jan.
mos.
Earns, per share of com.
stock
G.
competitive
a
and
merger
Corp. and associates.
com.
—
Co.;
received
with
associates and
stock
&
Gas
ferred stock of the
company.
the South Carolina
Company
interest, to yield
J. J. B. Hilliard & Son.
..
718,354
9,847,000
taxes
Starkweather
General
$6 prior preferred
stock,
Carolina
Whiting, Weebs & Stubbs, Inc.; Hayden, Miller & Co.;
1,500,000
Earns.
merger
Smith, Barney & Co.; Goldman,
Co.; Harris, Hall & Co.; F. S. Moseley & Co.;
A. C. Allyn &
Co<, Inc.; Eastman, DillonCo.; Equitable
Securities Corp.; Tucker,
Anthony & Co.; Merrill Lynch,
Pierce, Fenner & Beane; The Wisconsin Co.; Alex. Brown
& Sons;
Graham, Parsons & Co.; Newton, Abbe & Co.;
Paine, Webber, Jackson & Curtis; G. H. Walker & Co.;
gen-
income
for
of said
Sachs &
expenses
Prov.
read¬
Ripley & Co., Inc.;
$99,444,836 $80,072,292 $70,720,273 $64,408,263
———
Gross
praised.
proposed
Associated with The First Boston
Corp. and Lehman
Brothers in the offering are
Blyth & Co., Inc.; Harriman
;
erul
(no
by The First Boston Corp,
July 27 offered $20,000,000
about 3.40%.
Shell Union Oil Corp. (& Subs.)—Earnings—
Power
follow¬
Each holder of the $6 prior
pre¬
ferred stock of South Carolina
Company who votes against the con¬
solidation and merger and
requests payment for his shares will be
entitled to the appraised value
of his stock which the
companv has
agreed will be $105 and accumulated
dividends, so that a holder is
entitled to such price if he does
(c)
first mortgage 3%% bonds at 104.21 and
1750.
p.
group headed
Lehman Brothers on
Water
designated 5% preferred stock
designated 6% preferred stock.
shares of 5 % preferred, stock.
Offered—A
and
are
preferred
company
series
a
series
a
the
preferred stock of the company.
company.—V. 158,
the
be
of
outstanding share of
Carolina Company will be
preferred stock
the
Co.
Into the company and the
prior to the issuance
Each
South
5%
to
be
to be
are
Power
consummated
are
to
are
Water
consolidation, Lexington
and merged
be
not
cumulative
to
the capital stock of
South Carolina Electric & Gas
$31,796,617, or $3,324,387 more than the amount
fRepresentecl by 3,450 shares in 1942 and 1,500 shares in 1941
sales)
(b)
;
of the issuance of
par
150,000
shares
3,734 shares
stock
stock
Lexington
Company
70,000
and
146,266
(par $20).,
preferred
will
of
the
of
offered:
now
$100),
to
out¬
1931, are carried at the tywar of
Subsequent purchases are carried at cost.
on market quotations at June 30, 1943 or, in the
their then fair value in the opinion of the corpo¬
$5.50 cumulative fcrior stock, held at cost.—V. 157,
V
stock
common
and
Merger
agreement
(a)
The authorized capitalization
220,000 shares of stock of which
$1.20
that date.
Investments, based
absence thereof, on
ration, amounted to
shown.
par)
justment and exchanges of
p. 295.
$30,129,599 $31,479,385
———————
into
of
an
transactions
ing
(3) Exchange 500,000 shares ($20
par) common stock for the 100,000
shares ($100 par) common stock
presently outstanding.
Brl44,697
—-.——..
'Investments owned on March 31,
*
2,056,940
11,785,255
11,209,239
—
Total
2,121,585
—
Surplus
tTreasury ■ stock
share
28,647 shares
par) presently outstanding; .and
6,181,250
2,121,585
stock
stock
common
(2) Exchange
(no
151,986
265,021
prior stock.
each
to
Co. will be consolidated
bonds
share,
per
redemption, and (b)
divide
all
37,700
—
cumulative, convertible
Pursuant
without any change in the total amount of
capital of the company
represented by the new shares or
by either class of stock;
8,900,000
108,600
cash.
purchased
$5.50
352.527
7,900,000
————-
loaned
securities
standing
$36,839
354,537
taxes, etc.
payable
loans
and
$22.40
at
and
Into
ppppp.pp
cumulative
■:
493
Consolidation
'Under the plan the
company proposes to: ;,
1■■ PpfC'
(1) Readjust its capital stock so as
(a) to change and divide each
share of the
presently authorized and outstanding $6 cumulative pre¬
,
•
.
plan of recapitalization and readjustment of
capital
26, 1943.
This plan was approved
by the stock¬
a
May
holders July
*1,100,040
————
cost
for
and
S.
approved
stock
1943 /.,.
1942
I
$726,529
$553,604
•i"-
—
Investment
Interest
THE COMMERCIAL &
7,230,202
29,012,452
48,238,228
Dr
8,573,632
484,200
railway operating
income
'
*Before
provision for interest charges on outstanding
income items.—V. 158, p. 398.
37,382,667
debt, or other
non-operating
Southwest
The
Natural
Manufacturers
tenders of
shares
of
Gas
Trust
$6
Co.
dividend
Co.—Tenders Sought—
has
been appointed agent to
accept
cumulative preferred stock, series A,
i
at
L-
—V.
The
to exhaust the sum of
not in excess of $75 per share
Offer is good until 12 o'clock noon
157, p. 2354.
price
a
t •
Monday, August 2, 1943
for the
year
Net
income.
January 1—
2,947,962
3,723,275
$11,424,666
4,282,670
2,632,156
$7,929,186
2,253,341
1,350,447
railway-
120,669,729
57,363,822
89,875,646
64,064,550
railway—
income
17,348,286
17,979,626
49,787,966
14,142,849
8,479,504
railway
from
oper.
ry.
From
from
Gross
$19,701,229 $17,437,472
9,166,084
8,018,518
railway-
from
Gross
.Net
Net
from
Net
ry.
oper.
Period—
35,510,761' 23,335,306
the
158,
398.
p.
/
-
/
kwh., as compared with 161,420,000 kwh;. for the
week last year, an increase of 14.8 7c,
Electric output
of the public utility operating companies in the
Standard Gas & Electric Co. system for the week ended Julv 17. 19*3;
totaled 186,514,000 kwh., as compared with 158,555,000 kwh. for the
corresponding week last year, an increase of l'l.b /o .—V. 158. p.
m,The
The
°
the
and
The
The
its iacilitise to
pp. 645 & 479.
470.
on
one
of record July 30. Like amounts
1942, as compared with $1 each
payable August 11 to holders
paid on Aug. 14 and Dec. 22,
Aug. 5 and Dec. 9, 1941.
stock,
were
.•&.)'
the common
has been declared on
required to meet continuing large
J.
■
the
in charge
which will be opened ps
of retail stores,
Interest
merchandising economist
of Montgomery Ward & Co. and for the past two years also was in
charge of the Wasnington office of that organization, and directed
the nationwide sales promotion of priority goods.
•
"The decision of the board of directors to open retail stores was
•based on the desire to increase the flexibility of their present mail
order operations and to serve more adequately a wider market," Mr.
Spiegel stated.
"The company plans to open retail stores and catalog
order
offices
on
an
experimental basis until a pattern has been
tested
thoroughly
158,
proved."—V.
and
Total
Gross
'
1943
June—
from
Net
from
ry.
1942
1940
$68,782
41,827
6,677
436,994
540,785
581,013
228,459
370,644
69,440
171,127
152,323
67,295
19,237
from
Net
from
Net
ry.
—V.
1,051,286
railway
railway
income—
oper.
158,
94.
p.
$568,886
18,581
Net
No.
Three
in
before the share¬
forwarded by the
courses for further action are set
of George Duclos, liquidator,
possible
holders
(in Liquidation)—^Con¬
Until Debt is Discharged
statement
a
shareholders'
protective committee.
:// The alternative plans are:
(1) Sale of property by public tender with court approval
ceeds distributed according to law.
with
shareholders
accepting
of compromise or arrange¬
equity as might be made
any
available.
Continued
(3)
sufficient
-
the
of
accumulated
are
of
return
quent
all
operation
funds
the
property
property
to
liquidator until
with subse¬
free and clear of
the
by
declared
Reserve
plans is favored by the shareholders'
alternative
protective committee.
for
forwarded
statement
A
of
deficit
$74,816
at
Nov.
at Nov,
shareholders
to
30,
shows
a
1942, included $81,576 of cash and $150,000 in Dominion of
30,
&
Canada bonds.
Total
Operating
$2,426,724.
after
for the
revenue
'shown
ended Nov. 30,
1942,
amounted to
profit before depreciation was $508,780, and
shaft' sinking and bad debts written off
expenditures,
capital
current
$162,475,
totaling
three years
position
assets
improved
$346,305,
as
$268,090
37,877
59,261
32.464,265
37,200
273,701
29,800,662
14,342,900
—
shares
Net
sales
'Cost
of
selling, advertising,
admin, expenses
tRepresented
of no par value.—V.
income
Total
Other
1941
Rapid Transit Ry.
Staten Island
$10,906,626
$6,796,099
$6,719,976
790,167
290,444
717,887
$11,696,793
$7,086,543
$7,437,863
597,153
347,370
62,040
$11,099,640
$6,739,173
charges
—
3,874,296
railway—!—
85,870
54,969
23,498
*11,422
from
ry.
after
charges
—
—
profits taxes
from
Gross
Net
from
Net
1941
$386,466
$209,208
$163,674
185,745
ry,
railway
63,613
36,809
13,574
railway
$132,191
1,769
*14,707
870,220
784,862
839,631
1,106,888
237,114
110,947
Res.
profit
489,361
13,894
*94,928
1,937,821
railway
from
-
•
railway-
from
income—
158, p. 94.
ry.
oper.
Deficit.—V.
Balance
.
Shares
of
Earnings
1
$4,716,669
1,000,000
$2,864,877
1,500,000
surplus—
$3,716,669
$1,364,877
$4,308,573
12,648,108
12,648,108
12,648,108
——$0.34
$0.19
$0.30
transferred
common
per
outstanding
share
For the quarter
for
to
__
158,
possible future inventory losses,
common
share, as compared with
was
$2,233,622,
$1,374,897
or
equal to $0.16
a
$0.09 a common share
the quarter
ended June 30, 1942 and $2,483,047 or $0.18 a common
share for the quarter ended March 31, 1943.
,
In view of the fact that there was a further increase in the price
of the principal items in
the inventory, the Board of Directors, in
continuance
of the policy
established in 1941, authorized a further
appropriation for possible future inventory losses in the amount of
$1,000,000; increasing such reserve to $6,000,000, as compared with
$5,000,000 on Dec. 31, 1942, and $4,000,000 on Dec. 31, 1941.
James
S.
Adams, President,
stated that the company's financial
for
condition
remains
satisfactory,
with
working
capital
amounting
to
approximately $46,960,000, compared with $44,773,000 on June 30, 1942.
212,947
74,114
281,249
137,006
18,563
94.
p.
Texas & New Orleans RR.-—Earnings—
Gross
1943
j
r:
■■
from
from
ry.
oper. income.
From Jan. 1—
c
from
Gross
Net
from
Net
ry.
—V.
railway-
railway
income.
$11,602,847
$8,137,639
$4,992,166
6,377,988
3,992,605
1,725,448
$3,390,824
678,611
2,846,422
-
1,539,794
1,162,092
124,357
65,845,561
-
42,109,106
27,010,041
21,871,551
8,812,997
5,133,527
5,321,515
1,724,120
18,006,413
35,128,224
_
'
~
8,539,271
15,030,565
oper.
158,
:
1940
1941
1942
.
,
-
-
railway-
railway
Net
94.
p.
Texas & Pacific Ry.—Earnings—
Period End. June 30—
Operating
Operating
1943—Month—1942
revenues
1943—6 Mos.—1942
—
$1,781,535 $14,262,143
ry. oper.
$2,503,909
tax accruals—
1,624,114
644,391
Income.—
$879,795
$1,137,144
Equip, rentals (net dr.)
84,623
100,663
•
Ry.
oper.
facil.
Joint
rentals
(net
9,318,838
$4,943,305
407,381
w
•
;
$7,422,265
2,444,651
$4,977,614
629,245
•
,
17,303
16,132
$4,553,227
48,813 v.
298,322
$4,364,501
3,250
5,408
$799,422
$1,041,389
1.
_—
Other
income.
oper.
ry.
\
$5,889,854
$4,110,465 $33,565,485 $20,895 601
3,385,945:;
2,331,930
19,303,342
13,473,336
—
expenses
rev.from
Net
income
Total
r
53,844
income
;
$852,266
deductions
Miscell.
avail,
Inc.
$1,090,702,
11,628
84,851,549
5,415
256,2850
$4,620,786
25,961
51,820
fixed
for
.
,
$1,085,287
322,234
$840,638
303,672
charges
„—
income —
Net
—V.
$4,799,729
1,866,406
$4,594,825
$763,053
$2,933,323
$2,677,666
1,917,159
of
voting
;\¥
...
Federal
Other
taxes
104,175
...
67,375
taxes
Prop, retire, res.
100,000
approp.
100,000-
;
1,200,000
; 1,200,000
limited-term
of
Amort,
1943—12 Mos.—1942
$1,022,642 $13,420,362 $12,254,732
449,707
5,299,567
5,360,706
117,654
,1,254,801
1,292,076
" 63,197
808,790
~ 736.898
$1,169,982
458,618
—
expenses
investments
Net
Trust Extended
552
—
552
6,618
Int.,
(net)—'
income
Gross
$439,262
•
650.
revenues—
oper,
7,892
$291,532
1,521
$4,850,586
21,580
$3,657,160
income
$439,912
—
$293,053
$4,872,166
$3,677,030*
19,870*
191,003
192,668
2,309,154
2,273,486
$248,909
$100,385
$2,563,012
$1,403,544
deductions—
etc.,
,
at a special meeting held on
certificates,
the voting trust agreement for a further five years
dating from May 1, 1944, and authorized a change in the par value
of the 6,000,000 shares of stock from no par value to $1 par value.
The meeting was asked to authorize the $1: par value to facilitate
trading in the United States in the company's shares.
Shares of no
par value in the United States are subject to heavier trading charges
than those of $1 par value, the meeting was told.—V. 157, p. 1276.
Stokely Foods, Inc.—New NameIndustrial Engineering
Foundation
1943—Month—1942
.
revenues
Operating
.
trust
$536,966-
157, p. 2458.
Operating
Net
19, extended
July
Divs.
income
—V.
—
158, p. 198.
,
345 West 86th Street
'-
Funds
Trust
Co., Inc., above.
are
Co.
865,050
now
of
$538,494
-
-
t
4
„
Apartment Building, N, Y* City—^
-
available
York,
New
865io50
$1,697,962
stocks for the period—
applicable to pfd.
Balance
at
the
successor
office
of
trustee,
the
30
Continental
Broad
St.,
Bank
New
&
York,
Y., for a distribution at the rate of $14 per $1,000 of first mortgage
fee 6%
serial gold bonds dated Feb. 1, 1923, with the Feb. 1, 1932
N.
(D. A.)
ended June 30, 1943, net profit, before appropriation
368,615
295,185
*
*
*147,969
$4,308,573
future inv. losses-
.
for possible
429,011
income—
June—
,
41,927
26,029-
127,916
income—
oper.
•
From Jan. 1—
Gross
see
Net
17,184
636,338
490,995
_
railway—„
Distribution—'•
Net
Federal inc. and excess
39,147
879,567
"
railway-
oper.
*21,842
55,761
1,041,040
income—
oper.
January 1—
from
Texas Power & Light Co.—Earnings1940
1942
3,067,250
—
$50,898
Period End. June 30—
'
$7,375,823
6,382,971
.
121—
$98,976
"Deficit.—V.
-Earnings-
1943
,
48,131,501
'
1940
1941
1942
$134,639
->:•
June—
Holders
•
61,418,506
—
income
ry.
'
1943
from
Gross
'
Ry.f—Earnings—
$183,773
from
Gross
?-•.•
railway-
June—
r
1276.
p.
Steep Rock Iron Mines, Ltd.—Voting
—Par Value of Stock Changed—
72,800,107
profit
Operating
Other
>
*
Texas Mexican
i
in 1942.
in 1942
and 547,402
1943
$83,706,733 $68,214,605 $54,851,477
sales,
general and
■
Other
1942
1943
cash and
including $18,723,581
1943,
30,
$47,407,108 $30,607,057
—
—-
-
in
Standard Brands, Inc.—Earnings—
Months Ended June 30—
June
'
*
6
of
as
197.
189,527
—
$30,948,730 in 1943 and $33,245,492
cost:
588,439
by
Net
(Including domestic subsidiaries)
'*
,
assets
Fixed charges.
Net
Post.")
"Financial
above.—(Toronto
was
•174,579
24,539,570
58,950
——:
——
—
taxes,
294,219
——
Total
profits
excess
$5,831,289 on June 30, 1942.
Current assets do not include inven¬
of sulphur
above ground or materials, and supplies.—V. 158,
capital
working
changed to working capital on
Total net current assets of $369,055
1939.
30, 1942.
$5,892,908
$187,512
—
——
•
Surplus
and
Federal income taxes, and
JAfter * charges, reserve of
contingencies,
amortization,
Treasury
Net
declared——
dividends
" 11940
.1941
$47,407,108 $30,607,057
—.—
:
stock
tCommon
157,
hand of $263,489 at Nov.
S.
p.
•
•—:•—;
fee
taxes
for
Reserve
*At
of these
third
•
payable
debts.
The
-
!
—~
Dividend
' ° 1942 '
"
for
credit)
Total
all creditors
shareholders,
its
to
off
pay
—_
'
——
Management
Co.—Earnings—
1943
~
share—_
income
Railway
1942
1943
$8,656,416
113,420
38,637,271
'
v,
—
"Securities
Liabilities—
$597,458
par.
,r
Sheet, June 30
receivable—
dividends
and
$1,712,437
notes and certificates amounted to $22,287,572 and
liabilities, including $6,315,301 provision for current taxes,
totaled $8,637,633.
This compares with cash and U. S. Treasury securi¬
ties of $15,026,100, current assets of $19,513,826, and current liabilities
1942
£
Accounts
with pro¬
Formulation by the liquidator of plans
(2)
ments,
$21,981
$66,476
a
Value
Cash
Accounts
$973,135
375,678
for
current
_
Net
375,678
pfd. stock
to
per
Current
U.
1941
1940
asset value
$46,807,165 $29,990,189 $33,619,418 $31,406,915
546,905
of shs. outstanding
588,439
547,402
546,905
$57.43
asset value per sh.
$79.54
$54.79
$59.64
Balance
Mines, Ltd.
was
1943
Assets—
Stadacona Rouyn
546,905
546,905
$288,829
Asset
Net
;
tinuation of Operation Favored
no
(exclusive of U. S. Govt, securities).
$4,302,599
June 30—
121,611
545,103
$5,018
15,683
31,517
49,177
$613,381
•
net loss from sale of
securities of $364,472 in 1942, $124,797 in 1941; a net gain from sale
of securities of $1,031,973 in 1943 and $429,401 in 1940.
(2) For the 6 months ended June 30, 1943, total aggregate sales of
securities amounted to $4,322,847 and total aggregate purchases totaled
$97,226
—
income—
$833,932
months there
six
$2,088,115
contingencies,
and $1,788,000 for Federal and foreign
income and excess profits taxes.
iSOn 3,840,000 shares of capital stock,
103,200
Surplus
the
,1,729.862
$76,294
the period—
$188,107
—
$100,000
Net
For
$2,702,998
1,863,605
50,088
96,297
585,742
Notes—(1)
1941
54,263
90,645
Dividends
197.
p.
33,975
$590,760
.
$3,956,720
145,550
preciation,
foreign
Net
16,310
_
$221,844
152,035
20,358
income
Net
,
128,990
—
$340,202
&
£$2,092,120 *$2,368,653. t$2,598,G40 t$2,455,966
'
$0.54
$0.62
80.68
$0.64
'After deducting charges of $163,337 for depreciation, $314,336 for
amortization, $100,000 for contingencies, and $1,288,800 for Federal
and foreign income and excess profits taxes. ; tAfter charges for der
$722,174
taxes
for
income
Net
From Jan. 1—
Gross
$763,942
23,005
Expenses
$129,609
63,876
47,033
$146,441
railway
railway
oper.
$736,060
$958,552
bonds
income
Reserve
Spokane International Ry.—Earnings—
Net
$722,174
$932,257
26,295
on
$2,682,640
23,270
deductions-
^Earnings
■
ten years has been
the past
for
Miller
$3,933,450
1,375
158, p. 197.
From
$763,942
$713,055
$220,469
2,058
Texas Gulf Sulphur
Net
1940
1941
1942
received
Dividends
$338,144
(net)—-
Balance
-V.
Net
6 Months Ended June 39
1943
revenues—
applicable
Net
shares.
Earnings for
1,000,000
tories
permit.
conditions
as
Mr.
547,402
on
Retail Stores—
Jr., President and General Manager, on July 27
election by the board of directors of John V. Miller
Vice-President
as
soon
share
1,000,000
income
Divs;
of
Corp.—Earnings—
a
Spiegel,
announced
area
The pump
report for the six months ended June 30, 1943, the company
states that, with securities at market quotations at the close of the
period, net assets amounted to $46,807,165 equal to $79.54 a share on
the 588,439 shares of common outstanding.
This compares with net
assets on March 31, 1943 of $43,323,070 or $74.15 a share on 583,046
shares and with net assets on June 30, 1942 of $29,990,189 or $54.79
volume of business.—V. 158, p. 398.
Spiegel, Inc.—Plans to Open
the
from
157, p. 2355.
the dispatch added.—V.
83,333
Gross income
•
Int., etc.,
Lakenon,
at
complete,
to
year
In
a
Modie
stated.
dispatch
(Tex.)
Worth
Fort
a
located
are
State Street Investment
President, states that the corporation made a
new
record of shipments for the first half of this year and that
while earnings had not yet been finally determined they would
be
higher than for the last half of 1942.
He further stated that the
directors did not increase the dividend because of the working capital
Morgan,
A.
Thomas
enlarging
$500,000
approximately
spending
Cresson, Grayford and Bowie in
North Texas.
One new pump and one engine are being installed in
each of the stations, and the work is expected to take approximately
Pay 75-Cent Dividend—
of 75 cents per share
dividend
A
Ind.,
Whiting,
to
Sperry Corp.—To
is
company
capacity of its pumping stations on its recently looped pipeline
the Texas Gulf Coast through Oklahoma and the midcontinental
stations
•
call¬
Capacity—
Stanolind Pipe Line Co.—To Increase
year, says Mr.
871,449
83,333
3 Mos. End. June 30—
and dividends all of the
1 will redeem at 110
Oct.
813,564
68,977
approp.
K'
June
on
•<
-
71,146
Net oper.
>'
company
116,477
taxes
Other income
cumulative preferred stock, par $100, both to
25.: This wiped out all arrearages on the
7%
issue.
preferred stock outstanding on that date. The preferred stock is
able on any dividend date on 30 days' notice.—V. 157, p. 2354.
,
program
Pays All Dividend
—
$887,448 $11,577,263 $10,546,395
358,569
4,722,640
4,255,754
1,794,437
1,049,724
156,100
439,605
—
taxes
Prop, retire, res.
on July
1 paid a dividend of $19.25 per share on
accumulations and the usual quarterly dividend of $1.75
of
per share on the
holders of record
senior
goods possible
conducting research looking
improvement of its products,
six months of the current fiscal
of converting more and more of
production of war material was continued.—V. 157,
the
expenses.
1943—12 MOS.—1942 '
1943—Month—1942
$1,048,705
revenues
company
account
the U. S. Govern-
first
the
During
Robbins.
157, pp.
15, last, and on March 14, June 15 and Sept. 15,
15, 1942 a payment of $1.10 per share was made.
July 15, 1943 were said to amount to $66.55 per
2458, 2158.
*
Period End. June 30—.
Arrearages—To Retire Entire Issue of Preferred Stock—
make all the athletic
is continuing to
company
present conditions, and is actively
development of substitute materials and
Mr. Robbins continued.under
to
Corp., N. Y.
Standard National
level
sales—from commercial sales to
of
Operating
Net
tising and warehousing have been sharply reduced, so that ratio
expenses
to sales has been maintained on a somewhat lower level
than
last year.
Percentage of gross profit on this year's sales,
however, is substantially less than last year, reflecting the change
our
output
corresponding
athletic goods of this corporation in the six
months ended April 30 were 33%
below the preceding year, aggregate
volume
for
the period
was off only
slightly as a result of rising
sales
of war materials, Charles
F. Robbins, President, states in a
report to employees in the Spalding Sportsman, company magazine.
Mr
Robbins further adds: "Commercial expenses of selling, adver¬
in character of
t
185,244,000
totaled
of
sales
Dec.
as
Texas Electric Service Co.—Earhings-
Other
of the public utility operating companies in the
Standard Gas & Electric Co. system for the week ended July 24, 1943,
Output Expanding—
Although
;
share.—V.
June
on
Arrearages
Federal
Co.—Weekly Output—
Standard Gas & Electric
Electric
Inc.—Sales of Athletic Goods
<A. G.) Spalding & Bros.,
Off—War
and
15
while
Operating
136,838,492
5,438,595 181,369,056
6,419,773
,
of
holders
1942,
July 27 declared a dividend of 35 cents per share
preferred stock, par $100, payable Sept, 15
record Aug.
27.
Similar distributions were made on
on
cumulative
7%
March
(
Jan. 1 to July 21—
1943
1942
1942
1943
—V.
14,817,278
—Week End. July 21
/
earnings
Gross
1940
j
1941
1942
1943
June—
of Stock—
remaining shares of this com¬
pany for new common was effected in the fiscal year ended March 31,
1943.
Under a reorganization approved in 1927 the old 7% preference
stock was to be exchanged on the basis of one preferred for one com¬
mon
and 10 shares of the old common for one new common.
Since
that date the trust company held shares to effect the exchange but
many holders of the old shares failed to turn in the stock for con¬
version.
(Toronto "Globe and Mail.")—V. 158, p. 197.
v > ,
:
of the old
of almost 50%
Exchange
directors
The
on
to
Standard Chemicals Co., Ltd.—Exchange
Southern Ry.— -Earnings—
Preferred Div.
Telephone Bond & Share Co.—35-Cent
is currently using $5,000,000 'of its revolving credit of
These borrowings are seasonal, peak cash requirements
having been reached in June.—V. 158, p. 295.
company
$10,000,000.
(E.W.T.) Aug. 13, 1943.
$150,000.
Vl
<
FINANCIAL CHRONICLE
THE COMMERCIAL &
494
Stuart Oil Co., Ltd.—Extra Dividend—
and
dividend of 25 cents
20 cents per share on
the class A participating preferred stock, no par value, both payable
Sept. 1 to holders of record Aug. 14.
A participating dividend of
25, cents was also paid on this issue on Sept. i; last year;
'V/
The directors also declared a dividend of 25 cents per share on the
The
common
14.
Aug.
June
stock,
declared
a
participating
usual quarterly dividend of
share and the
per
on
have
directors
no
par
value,
payable
A payment of 60 cents per
1, last.—V. 156, p. 1422,
of
•<
»
trust
the
Operating
Gross
tire,
Net
—V.
revenues
income
reserve
income
after
1943—12 Mos.—1942
1 1943—Month—1942
$546,986
___
;•
$6,278,471
$467,340
78,917
94,210
—
77,846
93,496
—
158, p. 399.
' ;V
-V
1,191,398
,
1,176,614
6Net
profit
per
'•"296,300
*
of
V.
;
;ishare
on
shares-
After depreciation,
statutory
-June 30; '43
—
com.
Note—No
1,159,694
-
—
Earns,
$5,451,010
1,151,621
distribution representing tho
for the second half
(John R.) Thompson Co. (& Subs.)—Earnings—
re¬
accru—
such
Payment will be made at; the, above rate
returned with check.—V. 146, p. 770.
company.
Jan. 1 to—
*-
'•••'>
Tampa Electric Co.- —Earnings—
attached,
.will.be stamped and
bonds
Sales
Period End June 30—
coupons
1931, the years 1932,. 1933, 1935, and for the first half of 1936,
In order to receive this distribution bonds should be forwarded
Sept. 1 to holders of record
share was made on this stock
,
subsequent
rata share of net refunds of real estate taxes
pro
$7,416,507
99,569
:
$1.50
.
-
June-30, '42 June 30, '41 June 14 '40
$5,971,038
$5,286,450
$5,096 31?
443,744
.'
to
and
.
r.
)30,743
v.
'.
$0.34
Nil
Federal and State, income taxes, etc.
f66^290
'
' '•
•'-Nil
tLoss.
'
provision was necessary for Federal income taxes because
deductions carried over from 1942, the report states —
157, p. 2259.
" >'
5
Volume
Tilo
158
Number 4199
THE COMMERCIAL
Roofing Co., Inc.—«Sales Advance—
24 Weeks Ended June 19—
—V.
1943
$1,605,137
$1,563,161
Operating
Operating
,
'
•
157, p. 2158.
Federal
,v.
Oil Tank
&
6 Months Ended June 30—
Net income
Earnings
alter
per
all
1942
$1.43
contracts.—Vi 157, p.
174.
Net
renegotiation of Government
stock,
income
Nov. 1,
r
20 cents per share has been declared on the common
payable Aug. 7 to holders of record July 31. This comcents per share each paid on May 1 and Aug. 1 and
Balance
12,799
$4,223,871
rate
of
interest
1
;
;
i
made six
V.
*
157,
ago
559,
p.
Balance
-
.
W.
P.
account of
the coupon
due March
,
has
elected
been
& Electric
Period End. June 30—
Operating
$211,311
power
Prov.
for
&
&
taxes,
Net
other
tax
&
Fed.
-1,297
,
•
;
13,477
4,792
-
5,279
58,950
$81,766
$618,442
138
188
Dr 382
$57,248
$51,954
20,525
22,324
•
-
■-'"A
deducts...
tax
<
9,800
128,600
$19,830
$227,418
$206,369
7%-prior
lien_______
preferred
94.
Bond
current
14,320
14,320
171,850
6,469
77,625
77,625
A
dividend
of
$3.50
1st Quarter
1943
1942
$41,613,181
_________
Interest
funded
on
debt—,
Estimated income and
taxes
.
Net
8,685,397
7,654,959
23,066,208
25,187,662
19,019,219
$9,382,021
$7,611,940
$1.05
$1.01
$0.82
will
*Net
15
shs.
January
30—
1943
Earnings
*
After
interest,
Note—»The
net
after
stamp
and
from
amortization
Depreciation
Federal
(&
and
profits
excess
to
-
and
.
'
in
or
the
.*
"
,
;
-
1,300,500
823,546
"
"*
-f
'*
"
:
199,560
195,446
$422,050
$1,100,940
$633,099
43/4%
Dr42,892
15,673
Dr68,872
Of
$710,701
$379,158
$1,116,613
$564,227
ments.
29,074
57,583
58,147
402,700
126,000
>
613,000
$279,253
$224,084
1,803,108
661,880
1,635,031
—
$885,964
$2,081,061
New
Crl,300
-
•
•
i
Unitecl
$4
of
$1,765,951
share—
$885,964
$7.05
$885,964
-
'
•
$5.12
Of
the
in
$3,000,000
year from
annually
from
of
new
1944 to
1948
to
1958.
.The
shareholders
at
Ltd.,
of
$3,000,000
issue
has
been
v"
sold
■. -
to
the
Wood,
who have been offering the issue for sale
subject to
Gundy Corp.,
the
shareholders.
Attention
making
See
V.
any
is
in
to
conversion
the
offer
fact
that
directly
158, p. 399.
to
the
the
corporation
present
will
until
1942
$1
par
each,
all
stocks
six
was
of
U.
listed
was
June
of
not
.
be
'
for
18,
with
net
registered
for the
to
of
of
1943,
the
of
the
stock
Alcohol
of
the
for
merger
outstanding and
company
company.
the
100
owned
by
shares
the
of
1942
provisions
are
that
$63
of
1943.
million
The
increase
more
drop
in
in
payroll
than
the
second
were
$550,674,-
quarter
of
1943,
of
$120,000,000.
After retire¬
during the quarter, the
outstanding at June 30, 1943, was
$9,260,144
debt
employees
in
338,054 in
employment
is
the
the
second
same
quarter
quarter
of
primarily
attributable
to
Income
Account
for
Periods
of
1943
1942.
The
additional
workers.
Consolidated
the
fixed assets, wjre
approximately
unexpended
balances
for property
of
term
total
less
1943.
approximated
obligations
long
compared with
in
tons
of
of
1943,
number
average
net
quarter
during
betterments
30,
replacements
total
344,021
Ended
June
30
6 Months
6 Months
1943
1943
1942
$
Sales
and
Wages,
revenues...
salaries,
$
$
477,240,171 916,997,880 903,604,886
social
and pensions
Purchased products
taxes
secur.
and
223,694,013 430,515,115 356,302,620
160,708,502 308,264,630 307,349,587
services
depreciation and amort,
of emergency facilities and loss on
sale of fixed assets
Estimated
able
additional
to
this
costs
'
32,176,558
term
State,
59,985,261
period arising out
vl
of
,
6,000,000
12,000,000
12,OOd,OOC
2,717,759
11,563,883
24,700,000
3,930,784
2,957,447
18,416,037
15,679,456
31,086,053
6,304,919
12,609,838
33,866,907
12,609,838
8,703,252
17,406,504
17,406,504
671,285
1,069,711
3,850.565
;_
other
costs
on
$1.08
$2.12
$2,44
long
«•:'
debt
local
Estimated
and
miscell.
Federal
Income
taxes_^
taxes
income
on
_______
Preferred
Common
dividends
dividends
'
...
Surplus
be
Per
No
'
1__
and
20,767,085
52,800,000 117,000,00C
was
and
53,361,240
applic-
war'
Interest
common
share__
Shipments of finished steel products
of
(N.
Alcohol
T.)
4,890,034
Note—All
and
Retire
months
2nd Quarter
,
Corp.—To
six
corporation and its subsidiaries at June
30,
June
capital
of
shipbuilding
the Alcohol
merger
15,
1942,
pen¬
first
expenditures
and
On
and
of
The
of
merger
first
current dividend
declaration,
$505,285,276 at June 30, 1942.
with
capital
additions
increase
on
agreement
In
$31,086,053, compared with
$33,866,907, a reduction
260,000
were
the
in
$140,203,452,
Industrial
an
followed
after
1943.
tons
shipped
deducting the
total
amount
per
and
1943,
divi¬
taxes
and
for
a
on
also
results
to
stated
various
tax
of
subject to
are
uncertainties
sibility of renegotiation of
Preferred
stock
and
50,000
shares
of
such
profits
final
certain
on
10,040,016
1943
those
as
audit
contracts,
10,503,507
adjustments
involved
in
the
the
pos¬
estimated
liability, provision for depreciation and amortization, and
estimates
various
contingencies.-
Foreign Holdings, etc.—
will
158,
be
used
for
working
to
Of
to
Exchange
shares
offering,
158,
first
the
authorized the listing of 50,000
(par $1)
on
official
notice
of
making the total amount applied for
six
charges,
Of
for
later
all
date.
8%
the
other
1943
in
net
income,
after
stock.
for
for
was
war
equal to $2.39
net
the
for
sales,
increase
first
exclusive
on
of
half
a
cost
of
plus
$71,903,599
of
the
large
fixed
or
55%
volume
fee basis,
over
the
of
$13,189,822
in
1942
June
30,
totaled
Investors'
or
common
74.851 %,
or
1943,
3,602,811
June
30,
1943,
2,188,800,
or
representing a decrease of 4,216
25.198%, held by brokers on
stockholdings June 30, 1943, were
names,
shares,
compared
with
6,510,236
shares,
or
1943.
the preferred
stock outstanding,
names
New
June
30,
1943,
13.187%
or
477,411
an
shares,
increase
of
or
2,310
held March 31, 1943.
,
amounted to 3,125,400
shares,
13.251%,
shares
were
from
Investors'holdings
losses
share
York
10.499%,
or
10.435%,
New
March
York
business
*
March
were
30.612%,
or
30,
compared
1943,
with
375,966
shares,
31,
holdings of common stock June 30, 1943,
13.823%, compared with 1,213,681 shares, or
or
Investors'
1943.
1,085.680
March
31,
shares,
holdings of
30.134%,
or
preferred stock June
against
1,102,871
tc
$130,814,895
1942.
Foreign holdings of Steel
shares, or 5.565%
of the
5.599%,
held
1.585%,
1.577%,
or
or
March
31,
June 30,
common
issue,
1943.
compared with 487,283 shares, or
the preferred stock, 57,115 snares,
Of
abroad June 30, 1943, egainst
held March 31, 1943.—V. 158, p. 198.
so
^
1943, amounted to 484,342
owned
were
shares,
1943.
4
amounted
or
1943.
investors'
shares,
13.945%,
1943,
June
31,
State
1,203,051
were
oi
on
or
State brokers' holdings of common stock June
30, 1943,
1,920,692 shares, or 22.069%, against 1,928,606 shares, or 22.160%,
31,
1943.
Brokers'
holdings of preferred stock were 378,253
shares,
.
same
including Federal excess profits taxes, normal
foreign taxes, amounted to $17,820,414, contrasted
the
stock
March
be
taxes,
and
1943.
shares,
30,
a
outstanding
preferred
outstanding
brokers'
shares,
were
profits
not
the
while
2,193,016
brokers'
income
provision for
to $2.44 a share
income
special provision for
charges, which
will
after
equal
Net
net
excess
which
corporation
shares,
86.749%, of the outstand¬
ing issue, on June 30, 1943, comared with 3,127,710 shares, or
86.813%,
held by them March 31, 1943.
Report—
reported
requirements
This
common
$1,554,841,
all other
of
preferred stock, was
of
shares
Government
taxes
31,
of preferred
months
in
the
the 475,101
296.
including provision
this
stock
common
were
74.802%, March 31,
has
p.
of
8,703,252
from
March
stock
common
all
a
on
an
in
the
25.149%,
$27.5C
require¬
296.
p.
stock
to
shares.
redeem
of
capital
Common
amounted
stock.
common
stock.
the
sales
income
56,834
snares,
period.
In
commenting upon the report, Mr. F. B. Davis,
Jr„ Chairman oi
board, pointed out that the company is
cooperating in the Gov¬
synthetic rubber program, with two plants
already in oper¬
ation for the Government at
Naugatuck, Conn.,1 and Institute, W. Va.(
with
a
third plant at
Los Angeles,
Calif., scheduled to come into
the
ernment's
in
,
after
ment
of
Stock-r
S.
1942
in
payable
cents
basis
of
estimated
of
of
months
by
Depletion,
approximately $554,840 will be used
preferred stock at the redmption pric
and
was
and
preferred
"vrProvision
a
bondholders.—
,
taxes
1,759,092
production
approval
tons
the
on
share
per
for
1942, the income for
million, or $13.6 million
six
of
declaration
Act
shares of the
______
common
in
400.
of
after
dividends
the
the
to
drawn
the
company
V.
for
company
$202,718,494,
a
bonds $400,000 are serial 3s
maturing $100,000
1947; $400,00 are series 3V2S maturing $100,000
1951 and $2,200,000 are 4 %
bonds maturing
-
new
par
95.
stock
common
shares.—V.
Consolidated
special general meeting
held on July 10, the
refunding of the corporation's outstanding $2,986,400
5V2
income
bonds,
series
A,
due
1953,
was
authorized.
The
income bonds are called for
redemption on August 25 next.
each
no
the
$44.7
first
half
was
1942
made
primarily
first
of
for
be
before
allowance
Revenue
1943
rata
pro
the
4,890,034
net
additions
Sept. .1
on
share
per
cents
July
of
balance
pursuant
income
net
vote
the
Stock
shares
$2,741,649
*iv.
Corporations, Ltd.—Refunding Approved—
of
6,514,452
300,382
period of
$1,765,951
$3.52
'
$4.41
>■
unanimous
30
subsidiary
provided
Plywood
of
the
also
$6,912,466
done
By
stock,
and
company.
The agreement
their annual meeting
issued
preferred
York
determined
316,410
——
the
Comparative
$22.75
of
United States Rubber Co.—Semi-Annual
The
on
;
*.
date
and
—
316,410
per pfd.
158, p. 94.
the
issue
while
issuance
to
-:
Dividend
periods
of
See
.
of
company's
5%
sinking fund bonds—
for
1943,
the annual
on
half
actually
would
occasioned
compared
The
Listing—
$885,964
$326,080
v
retirement
Earns,
1943,
974
of
Distributions
last,
of
after
Federal
results
their
taxes
Net current assets of the
559,884
$2,082,361
$446,031
-
of
—V.
of
were
proceeds,
present
The
180,000
* ;
1943
5,149,982
Sept. 1—
net
share
a
•
oper.
end
of
16.
share
one
cumulative
the
the
:
——
at
July
at
,
shutting down of a number of blast
furnaces, with a con¬
sequent loss in subsidiaries' steel ingot
production.
As
a
result ol
decreased production and because of some
shift of war demand
from heavy semi-finished and
finished steel products to
light finished
steel items, shipments of
finished steel products in the second
quarter
shares of preferred stock now
outstanding, of $20 par
is being replaced by a new issue of
preferred stock,
will be called Sept. 1, according to the company.
public offering made on July 14 consisted of 15,000 shares of
18,760
periods
Surplus
the
stock¬
such
which
28,747
from
of
p.
which
On
ol
This
by
20,176
value,
Surplus at beginning of
Profit
158,
of
which
into
States
on
additional
pi,Total
into
and
stock
stock
Stock
-
$691,941
(net)
from
stock
1943,
approved
,
preceding quarters payments
2459.
common
Exchange.
10,
board
shares
stoppages in the coal mines of subsidiaries resulted
in reduced
production during the second quarter of 1943.
This brought
the
about
p.
stocks,
wholly-owned
common
Stock
into
United
A
interest
profit
6.
1,
the
first
the
for
income
was
during
coal
$3.50.
the
the
Work
.
;•
98,662
Prov. for estimated Fe<i.
Net
6,
on
June
:
quarter
of
the
period
$21,500,000.
Chemicals, Inc.-—Listing
a
company.—V, 158, p.
V
r
amortization..
taxes
was
treasury)
of
capital
520,712
If
income
the
costs
series A,
depreciation
income
12
dividend
1937.—V.
stocxholders
'
Profit from operations
before bond interest
Bond
than
outstanding
converted
'
million.
and
income
of merger provided that the
company shall have an
capitalization of 500,000 shares of common stock (no
par).
provided that each of the issued shares (whether
shares
The
income
July
24,
..
of
25,000
on
plan
$15,679,456,
basis
for
$2.8
other
account
on
preferred
Aug.
June
157,
a
on
option
400.
p.
second
to
reported
semi-annual
agreement
also
It
.
100,843
store
the
common
payment
entered
was
by
The
operations
after
and
York
with
1943—6 Mos.—1942
--
792,784
the
the
on
adjusted to allow
of record
August 10.
The preferred payment
arrearages on that issue.
Other distributions made
stock
during *the current
year
were
as
follows:
Dec,
the
Co.,
approved
-
—
agency
of
sions
authorized
amort-
op-
$472,267;
for
amounted
income
declared
record
and
dividend
a
and
shares
stock
Income for the first six months of
Co.—Pays All Arrearages On Pre¬
B
Industrial
New
merger
Subs.)—Earns.
•
and
the
1855.
p.
and
agency
Profit from
Other
$7;
on
became effective
1943—3 Mos.—1942
________
&
of
declared
class
all
company
Alcohol
$15,459,276 $13,407,280 $29,661,499 $25,682,645
applicable
and
erations
S.
The
twees.
.
ization
store
after
$0.87
-
Federal
sales
store
each
of
made.—V.
20,000
the
quarterly provision for pensions
$7,339,920 : $5,445,125
The-New York Stock Exchange has authorized the
listing of 391,238
shares of common stock (no par).
deduct¬
agency operations before depreciation and
:
is
$0.76
for
Cigar-Whelan Stores Corp.
taxes
Profit
provision
1942, $491,974 and 1941, $173,960.—V. 157,
Period End. June 30—
sales
$0.92
and
4,
paid
U,
459,054
1943
in
been
non-voting
1
option
quarterly dividend of $1.75 per share on the preferred
Aug. 20, to holders of record July 30, and a dividend
on
the common stock,
payable Sept. 20, to holders
Aug. 20.
calculated
1945
holders
to
up
previous
share
$434,842
468,283
for
dends,
3,822,383
1940
$418,185
468,283
$1.08
profit
March
$100,
par
and
company
United
ing
1941
$491,974
468,283
depreciation
taxes of $2,002,976;
Net
1942
$566,403
outstanding..
per share
holders
his
share
record
for
has
cumul.
to
on
were
have
preferred
'
profits
Com.
A
clear
the
on
The
-
$7
1
while
stock,
the I class
August
$9,696,633
6 Mos. End. June
1942,
directors
preferred
—
United Biscuit Co. of America
(& Subs.)—Earnings—-
:
1,
$2.25 per share
The
profits
1654.
p.
Dec.
the
made
were
"■
Chairman
the
Income
ferred Stock—Resumes Common Dividends—
per common share—
157,
$1,560,828
$1
was
8,687,102
excess
payable
each
United States Foil
other
income
Earnings
—V.
&
of
$43,422,158 $34,451,877
167,078
174,760
163,237
—
Depreciation, amortization
charges, (estimated)
Sept.
and
2d Quarter
1943
on
value,
$2.75
share
per
of
the
the earnings of the corporation for the second
quarter
Irving S. Olds, Chairman, announced that the directors had
1943,
of
accrued
accumulations
2d Quarter
158,
8,282,692
$3.50 Preferred Dividend—
Union Carbide & Carbon Corp. (&
Subs.) —Earnings—
Period—
1936.-W.
$9,267,508
accrued,
.
Income
purchasing
surplus,
171,850
6,469
by
that
remainder
in
9,980,701
1,747,426
liabilities, $36,463; deferred credits, $33,827; re¬
$4,871,788; contributions in aid of construction, $151,124; capital
$18,932,640; earned surplus, $29,244,356; total, $259,473,943.-
serves,
to
increase, totaling
payable
Share
and
the
increased
dividend of
1943 to be paid on Septv 24, 1943
10, 1943 from earnings for the
July 7,
Sept.
statement
the
under
per
$1,172,140
Co.), $25,925,000; Elec¬
&
on
granted
$2,516,543 $11,152,841
955,715
3,812,921
$1,866,393
awards
is
Reporting
of
able,
112,918
$23,523
Net income
13,200
Pfd. div. requirements:
Income
pin
United States Steel Corp.—Quarterly Earnings
Report
;
717,924
652,100
counts
293,316
stock
stock,
1,002,975
on
record
included the
of
2,066,956
& other deduct.
of
was
holders
Co. accounts payable,
$2;000,000; subsidiaries' ac¬
payable, $539,537; other associated companies' accounts
pay¬
$47,700; other accounts payable, $49,796; customers'
deposits,
$784,419; taxes accrued, $1,680,868; interest
$612,603
-
262,042
(nor¬
surtax)_____
—V. 158. p.
$618,060
-
745,708 7?
654,000
$769,117
$2,869,368
these
"E"
the ciose of 1942."
were paid upon the
Q% non-cumula¬
March 26 and June 25,
1943, thereby completing
respect to the year 1942.
A further
exercised
$984,816
$802,412
income
With
the
wear
-
report
declared
Balance Sheet, March 31,
tric
income
and
5%
184,717
$57,110
income
mal
'
253,206
-
f
income.—
other
Gross
awards.
to
on
declared
was
directors
736,310
'
Assets—Plant, property, and equipment (including intangibles),
$28,613,587
132,376; investment and fund
accounts, $221,101,415; cash in banks (on
938,132. '. demand), $7,393,225; special deposits,
$14,066; working funds, $46,167;
.81,485
temporary cash investments (U. S. Government
obligations), $500,000;
notes receivable,
304,651
$1,811; customers' and miscellaneous accounts receiv¬
192,150 7 able, $1,184,899; subsidiaries' accounts
receivable, $271,340; other asso¬
ciated companies' = accounts
receivable, $6,540; materials and supplies,
16,177
$281,964; prepayments, $51,274;
other
current
and
accrued
assets,
$13,179; deferred debits, $475,691;
total, $259,473,943.
68,535
Liabilities—$7 preferred cumulative stock
(449,822 shares, 110 par),
$44,982,200; $7 second preferred cumulative stock
(884,680 shares, no
$611,334
par), $88,468,000; common stock ($1
par), $7,818,959; long-term debt,
1,269
$33,435,000; note payable (Electric Bond & Share
'
■
than
'•
Gross
1,198
_________
V:*Int.
23,138
-16,235
•
247,800
and
7,365,994
$2,826,051
871,723
95,107
income \ net)
oper.
Non-oper.
•.
'
7,603,543
741,946
430,591
198,469
251,800
Other-income (net);.
Net int.
share
common
$4,258,953 $10,917,337 $10,457,144
2,612,976
"E"
1943.
The
ap-
________
oper. revs—natural gas
:
.
stockholders
of
Net
positions
627,074
,
5,613
18,313
15,432
"
reserve
propriations
Net
$2,722,696
50,041
;
73,942
•;
income
-
taxes
$4,309,261
197*,883
Prop, retire,
per
option
___
Hardwick
taxes, Fed.
State
Fed.
$227,311
i
10,069
■'
depreciation,.
munic.
secur.
A.
$2
revenues—
_________
were
32,600.
year
'
1943—12 MOS.—1942
•
58,855
,Maintenance7>7;—
State
Gordon
210,877
,
Navy,
Company plants, at Shelbyvllle,
singled out by the War and Navy
Dividends of $2 per share each
surp.
•
Co.^-Earnings-
45,542
Purchased
and
1943—Month—1942
'_^7'
revenues
Operation
Social
director
a
185,277
and
Rubber
employees privileged
to
Operating expenses
2,617,975
TB
1
'1.
Federal 4AVAH«
taxes
■"jlAvr.'.V/'rt439 191
Other taxes
;
by Mr.
iwiht" State' Gas
■
elected
57,419
of
tive preferred stock
the payments with
to
Chairman, etc.—
the executive committee, both to occupy
Taylor.—V. 157, p. 2458.
to
held
were
41,581
_____
V
natural gas
"
,
'
,
'
1943.—
1,
,«
Chatillon Corp.—New
Barba
been
$7,355,631
mi-
earned
Operating
Rufus W,'.Scott has been
.elected Chairman of the board to succeed
'the late.Roland L. Taylor.
has
$8,162,195
States
"The number of employees
registered another sharp
92,497 as of June 30, compared with 80.684 at
3,874,120
$3,230,526
Army
articles.
United
more
number
about
$3,207,397
$3,173,107
$7,976,918
$7,145,754
Earnings of Company Only
Period End. March'31—
1943—3 Mos.—1942
1943—12 Mos.—1942
to
on
to
carried
consol.
.
'which
3,713,883
$3,248,978
_—
applic.
nority interests
Feb. 1, 1942.—V. 157, p. 2355.
on
bonds
months
Tubize
970,670
the
essential
"Two
-
974,893
rubber
S,
Tenn., and Eau Claire, Wis.,
Departments for Army-Navy
.
be paid to the holders of 20-year general
outstanding, issued under mortgage indenture
dated July
11, 1933, on account of the coupon which matures on
Sept. 1, 1943, has been fixed by the corporation at' 3%, payable upon
presentation and surrender of such coupon at the New York Trust Co.,
trustee, 100 Broadway, New York, N. Y.
A similar distribution was
income
other
$4,201,196 $11,876,078 $11,230,751
(net)—
,
Portion
Tyler Building Corp.—Interest Payment—
The
12,367,948
____
7%
1942, and 5 cents per share
mortgage
12,495,675
$4,186,057 $11,530,250 $10,838,379
15,139
345,828
392,372
of
$2,
par
pares- with
;
3,472,441
$4,211,072
Gross income
Net interest to
public &
other deductions"
Triumph Explosives, Inc.—Resumes Dividend—
dividend
4,801,704
3,246,406
revenues
_______
A
5,044,743
4,563,684
deplet.
appropriations
oper.
Other
.
,
19,596,865
6,942,365
1,311,920
"Buna
<
•
-
20,399,131
2,644,083
synthetic
'
$393,718
$0.95
share—__—_____—-
Note—The above earnings are subject to
-
reserve
1943
$279,573
charges and taxes—.
common
5,108,567
goods is
increasing rapidly each month. Consumption
in June was 3Va times the
consumption in April,
d
type of synthetic rubber which the
company produce.'.-*
for the
Government, Is used in the manufacture of tires,
footwear,
mechanical
goods, drug
sundries and
in
numerous
other
items
oi
equipment essential in the prosecution of the
war.
Other types oi
synthetic are also being
employed in the lining of airplane fuel
cells,
making of raincoats, coated fabrics for the
of
19,596,965
1,298,438
retire., &
20,399,131
2,602,776
___
5,108,567
5,252,031
expenses
taxes
495
essential civilian
1943—12 Mos.—1942
5,252,031
taxes
Prop,
Co.—Earnings—
Pump
1943—3 Mos.—1942
expenses
Other
Tokheim
FINANCIAL CHRONICLE
(& Subs.)—Earnings.
Period End. March 31—
1943
Sales
•
United Gas Corp.
&
in
September.
"These
three
plants," he added,
"have
capacity of 150,000 tons of buna S, which is
equivalent
nearly one-quarter of the normal peacetime
consumption of rubber
this country for all
purposes.
rated
"The
rubber
annual
proportion of synthetic as compared with the amount of natural
by company plants In the manufacture of both war and
used
Utah Ry
—
Earnings—
from
Net
from
Net
ry.
I942
I943
June—
Gross
1940
income— $
1—
»$117,181
37,695
$52,126
$36,393
2,356
*2,228
<'20,835
railway
oper.
1941
$60,850
28,133
railway-—-
27,ol9
"1,981
*612;,
From January
Gross
railway-—
Net
from
Net
ry.
railway——
^S-4"
364,173
687,756
from
oper.
55,408
income—
<"Deficit.—V.
158,
p.
96.
.
,
.,
ia'n™
bb.uju
370,108
52,796
51,879
17,294
18,080
...
>.
1
:
THE COMMERCIAL &
496
Fed.
incl.
Earnings
after
•And
•fl$248,232
*fl$314,964
$258,855
t$0.33
}$0.45
$$0.37
for
reserve
profits
excess
directors
July
on
on
the
on
1943.—V.
157, p. 262.
Operating
revenues
•Operating
-
expenses
—
495,000
Depreciation
Operating income
elected on July 22 at the special stock¬
holders' meeting and the new board, meeting later with the new mem¬
bers participating, elected Claude D. Minor of New York as President,
The five new directors are:
Thatcher M. Brown of Brown Bros.,
Harriman & Co., New York; W. Randolph Burgess, Vice-Chairman of
the National City Bank,
New York; William S. Gray Jr., President,
Central Hanover Bank & Trust Co., New York; Benjamin Strong, VicePresident, United States Trust Co., New York, and Mr. Minor.
Beverly C. Lewis Jr. of Richmond, who has been connected with
the
company
in various capacities since 1903, was reelected VicePresident and Secretary of the company, and Henry C. Pitot of New
York was elected a Vice-President.—V. 157, p. 2260.
V
$21,118
334,534
$88
t$46
$19,142
82,505
73,624
15,494
Net
gain
Net
profit
Operating
$73,578
53,129
$34,636
29,326
$20,450
$5,310
t$20,886
of
half
Net ry.
from
Net
ry.
158, p.
—V.
1940
1941
$4,827,285
1942
2,448,128
735,028
1,537,291
832,355
22,142
income
96.
34,309,156
12,201,781
4,324,085
27,192,948
8,221,939
4,337,187
21,876,522
4,420,355
1,018,546
M
sales,
'
of
returns
less
goods sold—:
Delivery
Net
administrative
profit from
advertising
incl.
expenses
before depreciation
oper.
from
from
Net
163,714
ry.
154,180
$1,258,016
stock
issue
Federal
tax
stamp
(prior year)
Federal
profits
excels
Post-war refund of
Net
income for
giving
and surtax
tax
tax_„_
the
64.000
.
Cr6,400
period
effect
Faris R.
$431,767
$1.69
$823,047
share
$3.22
changes
to
plan
from recapitalization
resulting
approved by stockholders on Sept. 29,
reflect
"bread
that
increased
the
demand for bakery products, but
unchanged since before our entry into the
prices,
attention
to
the
levels
which
at
profits taxes
excess
play.
into
come
in
effect,
and
1944
year
after
deducting
proximately
1944
under
$6
the
credits
carryover
will
be
available
the
for
subsequently.
It is estimated that if the net income,
Federal normal income tax and surtax, reaches ap¬
per share in
1943 and approximately $4.25 per share
preferred stock, income in excess of those amounts will,
the
on
such
no
tax
present
law,
be
subject
to
profits
excess
tax
at
net
a
of 81 %
rate
(90%, less post-war refund) without giving effect to any
profits tax relief which may or may not be had under Section
excess
722
of
the
present
tax
Warner Sugar
W.
Oscar
has
law.—V.
157, p.
1951.
;
i j'.
Corp.—Payment Recommended—
Ehrhorn,
recommended
referee
the
to
in
bankruptcy,
United
States
July
on
District
7
Court
announced
in
York
New
authorized
$4,656,400
The
for
and. directed
principal
referee's
cash
a
mortgage
Samuel
to pay 9%, or $419,076,
amount outstanding.
Report
and
distribution
recommendation,
the
on
bondholders'
bonds
committee,
Mandelbaum for
filed
is
confirmation
entered
by
an
account
to
of
for
the
first
before
cqipe
the
application
on
attorneys
slated
at
on
Judge
early date.—V. 158,
p.
96.
Warren Brothers Co., Boston—$1.25 "B" Dividend
dividend
A
of
accumulations
Aug.
1,
10.
A
on
March
1.
the
to
1942,
Aug.
$1.25
Feb.
similar
share
per
class
1,
B
has
stock,
1943,
no
payable
distribution
been
par
declared
on
was
value, for the period from
Aug.
28
to
holders
of
$4,064,101
Net
199.
record
made
J.
■
23,089
168,103
$584,032
$4,232,204
$3,218,792
282,651
1,657,330
The
U.
S.
Circuit
dispatch,
C.)
Office
Stabilization,
Court
reversed
of
The
rate
Price
Net
$301,381
.
be
increase
the dispatch said,
studied
additional
The
and
xurther
action
approximates
Office
the
of
had fought the rate increase
Util¬
Economic
as
tend¬
order
before
be
a
taken
granting
decision
by
the rate
was
the
reached
stabilization
increase
what
on
if
agencies.
provides
$867,202
269,755
$708,244
$330,671
7,152
$597,447
$468450
11,838
8,899
$337,823
$609,285
$477,349
exps
—
to
charges
and
•,
239,793
Net
1,063,566
1941
$1,767,284
431,054
1,171,360
850,601
255,149
21,292,676
15,467,827
5,384,095
4,964,420
3,869,535
9,575,857
2,260,232
1,118,226
$1,385,599
Net
from
ry.
—V.
per
common
payable
accrued
$1,150;
capital
surplus,
$1,205,600; treasury stock, Dr$32,624; total, $3,202,009.—V. 157, p. 1856.
Total
1940
1941
$365,537
$189,910
43,623
19,084
77,234
19,065
9,707
55,246
2,611,178
Net
1,137,207
723,695
333,259
330,708
of
Hire
Co.—Earnings—
Net
$1,739,930
$1,606,559
$6,807,149
,
25,857
196,377
$1,757,940
$1,632,416
$7,003,526
486,884
2,458,387
2,430,507
10,967
chgs._
currently paid.
'
$1,264,891
$1,145,532
$4,545,139
519,000
418,000
1,798,000
$727,532
$2,747,139
'
i
1 I
'
- '
.
II
I
.
$1,777,855
14,630
in
I
•
I
■
I '
f
-
f
$1,704,683
$1,792,486
69,080
86,663
$337,866
$1,635,604
$1,705,823,?
being accrued on corporate books but notJ1
'
-
$2,192
Road
$4,250,218
1,475,000
$745,891
r
14,046
.
$331,618
interest
-- -I r ;
$351,912
$342,586
.
fxd.
V
L
,
chgs._
not include
Equip,
$2,775,218
—V.
Vj
,
(in
.
$4,753
170,286
:
>
123,811
.
25,129
28,600
__
deprec.—
prop,
158,
$15,677
$792
•
of
excess
deprec.)
156,787
26,026
96.
p.
Worthington Pump & Machinery Corp.—Earnings—
transfer.
Westmoreland Coal Co.—To Pay $1
for
'
.
1942
1943
charges but before Federal taxes $12,198,175
income & excess profits taxes—
10,383,288
Fed.
$6,768,187 d
5,379,310
Dividend—
Net
declared a dividend of $1 per share on
the capital stock, par $20, payable September 15 to holders of record
September 1.
Similar distributions were made on March 15 and June
15, last, and on April 1, July 1, Sept. 15 and Dec. 1, 1942.
In addition,
an extra of $2
was paid on Dec. 15, last year.—V.
157, p. 2159.
July
V
6 Months Ended June 30—
Profit after all
on
1.126
•
'»
V,
"
Drl70,46»
£*181,552
£*181,929
$349,212
$1,681,909
2,699—: 22,774
$340,859
income
(net)
Road
400.
directors
£*31,952
tlncludes amortization of defense projects:
Prov.
The
$1,834,532
Cr29,306
$2,129,868
Brl6,010
1*29,357
fxd.
for
after
being
$6,680,725
493,049
surplus—
p.
$394,580
Crl7,107
s
♦Does
income
earned
158,
$355,705
charges
Net
ordi¬
income
to
-V.
308,600
586,264
oper.
ry.
Avail,
252,428
_______
net
763,615
615,229
rents—:
income
•Fixed
$6,428,297
18,010
ordinary income.
Deduc, from
$3,024,742:
99,491
taxes
V-f/'j *
,
non¬
communication
from
$3,213,377
59,871
105,755
equipment
facility
Other
.
31—
ordinary income
$553,943
176,212
-
after
Net
106,766
43,503
Net
income
$637,672
taxes..
income
taxes
Joint
revenues..
revenues
railway
,
863,465
1,088,578
230,265
101,466
1,855,206
income
income,
$1,671,251
1,117,343
expenses
Federal
1—
railway
1943—6 Mos.—1942
$9,927,761 $9,313,621
6,714,384
6,238,870
1943—Month—1942
1,145,522
$1,783,194
revenues™
tTotal
Other
1943—Month—1942
1943—5 Mos.—1942
Oper. rev., after adjust. $12,987,353 $11,163,021 $60,729,652 $51,435,565
Oper. revenue deduct—
11,247,423
9,556,462 53,922,503 45,007,268
Gross
$48,250;
$138,041
164,150
Western Union Telegraph
nary
payable
accrued
$1,249;
(miscellaneous),
Period End. June 30—
194,778
railway—_
Deductions
1943
80,
bank),
in
305,987
1942
income
oper.
June
of
—
$172,944
$1.35
(trade), $136,999; accounts
salaries and wages, $35,900;
miscellaneous accrued items,
Federal and State income and excess profits taxes, $1,036,247;
stock
(common), $137,000; capital surplus, $632,237; earned
1,285,251
$445,344
Period Ended May
Net
and
hand
(on
(miscellaneous),
taxes
158, p. 96.
Ordinary
As
Sheet
304,405
——
Wisconsin Central Railway—Earnings—
railway
oper.
$79,079
$0.62
prof.
profit
Liabilities—Accounts
263,778
400.
from
Gross
share.!—__
$95,529
$0.74
of excess
$479,811; accounts receivable
(less reserve for bad debts of $60,219), $330,217; inventories, $826,856;
life insurance,
$94,009; investments
(U. S. Treasury notes),
$451,819; prepaid expenses and deferred charges, $24,660; post-war
refund
of excess profits tax,
$136,617; plant, property and equip¬
ment (less reserves of $235,600), $858,020; total, $3,202,009.
7,747,629
9,392,219
.
tax.
taxes________
Balance
122,310
.
1942
19,140
511,066
inc.
Fed.
and
profits
credit
Earnings
1940
$2,715,413
.1943
294
265,000
Cr23,000
income-
inc.
State
excess
Post-war
23
$1,814,887
profit
Outstanding
shares
share—
common
Earnings per
common
_
months
$1,388,877
271,048
$5.47
—
—
six
the
for
billed
Note—Sales
ended
266,060
$3.96
1943.
30,
June
wer&
approximately $75,000,000, compared with slightly less than $41,000,000,
the first half of 1942, the report states.
The backlog of orders^
for
v.continues the highest in (he history of the
share
on
the capital
stock, par $10, payable Oct. 1 to holders of record
Sept.
15.
Like
amounts were disbursed on Jan. 2, April 1
and
July 1, last, and in preceding quarters.
In addition, an extra of 25
directors
cents
paid
was
on
on
July 23 declared a dividend of 25 cents per
Dec.
1942.—V. 157,
15,
p.
Period—
the
directors
common
preferred
Dec.
on
July
28
declared
Total
a
22,
50
par
$50,
both
cents.—V.
158,
5,207
$1,608,193
$3,002,939;
$2,997,732
375,131^
183,509
191,622
charges
"
for Federal
Reserve
payable
p.
2,888
$1,394,746
income
Depreciation
stock, par $50, and on the 7%
stock,
$1,605,305
2,319
Dividends—
dividend of $1 per share on
cumulative and participating
Aug. 31. to holders of record
Aug. i0.
Like amounts were paid on Feb. 26 and May 28, last.
During 1942, the following disbursements were made on both issues:
March 4 and May 29, $1 each; Aug. 28 and Nov. 30, 75 cents each;
The
cess
~
Net
income and ex-
•
profits
157,
p.
•
.
....
.
902,343
;
—
1,068,513
1,970,856
$300,781
profits tax.es
—V.
400
Wheeling & Lake Erie Ry .—Earnings—
June—
Gross
1943
from
from
ry.
railway
railway
$2,067,797
623,280
•1942
$2,181,235
908,198
295,836
264,926
railway—13,303,899
11,254,169
oper.
Net
from
income
from
railway—L
Net ry. oper.
—V.
income—
5,556,973
4,088,451
1,823,202
1,342,488
;
1940
1941
$356,171
$656,952
1856.
$1,938,416
792,699
351,798
9,791,111
3,525,301 "
2,000,807
-
7,892,566
2,725,691
Net
2,135,739
that if
profit
Common
\
associated with the company in various capacities
1942, has been elected a Vice-President.
He has
been
serving with the WPB and as a member of the W. Averell
Harriman mission in London.—V. 157, ,pf 13)58..,
Vollmer W.
from
1924
Fries,
until
J.
1941
per
share
taxes,
Walter
$2,291,119
$4,765,997
1,675,008
1,675,008
1,675.008
$1.24
$2.72
and sundry other operating
/.Promotion.
elected
$2,257,425
deducting charges for maintenance and repairs of plants, mis-
l cellaneous
„
'
—$1.22
—
shares outstanding—
Earnings
I
1942
•Operating
"
•After
Motor Co.—New Vice-President—
1943
profit
$11,902,312 $14,099,277 $12,039,140
Depreciation, depletion and amort—
3,220,290
2,531,963
2,072,111.
Interest on funded debt
—1,'
572,597
599,195
659,232.
Federal Income & excess profits tax
5,852,000
8,677,000
4,541,800
$1,564,991
620,377
464,373
Subs.)—Earnings—
Youngstown Sheet & Tube Co. (&
3 Months Ended June 30—
158, p. 96.
White
^
6 Mos End,
$1,392,427
from operations
received
Interest
2356.
March 31, '43 June 30, '43 June 30, '43
.
Net earnings
p.
Co.—Earnings—
—3 Mos. Ended—
2159.
Westinghouse Electric & Mfg. Co.—$1
corporation.—V. 157,
(The) Yale & Towne Manufacturing
annually
OPA officials said the Circuit Court's
might
Commission's order
and
$200,000
gen.
income
for
Prov.
From January 1—
Appeals,
according to a Washington
District Court order setting aside a rate
Public
$448,348
117,677
1—i._
sales
on
admin,
$1,699,053
990,819
1,402,536
profit from operations-
Other
$2,574,874- $1,543,702
2,136,810
income—
oper.
ry.
Gross
of
Administration
ing to produce inflation.
would
a
the company by the District of Columbia
allowed
Commission.
The
profit
1,675,090
railway—___
Net
Washington Gas Light Co.—Wins Rate Increase—
Increase
: v
$2,269,738
773.438
:
•
Other income
$3,120,219
98,573
1943
Net
p.
6 Mos End. June 30
1942
■
1941
3 Mos. End.
returns
of
on
June 10, 1943, and on
when dividends were inaugurated on this issue.—V
157
1943.
1951; 158,
1056,
any,
$560,943
$4,218,062
railway
p.
from
Net
and
account
machinery and
$1,221,786
sales
Selling,
Dr86,495
Westmoreland, Inc.—25-Cent. Distribution—
Y., that Francis J. Quillinan, court trustee, and Chase National
Bank, mortgage trustee of Warner Sugar Corp. first mortgage bonds
ities
of
Gross
$3,011,585
195,129
Dr96,940
$270,946
,
income—
from
Gross
The
N.
(D.
$4,023,357
137,684
June—
Net
estimating the provisions for excess profits tax, the com¬
into consideration the excess profits carryover credits
prior years.
It is expected that, on the basis of the tax law at
has taken
from
discounts,
less
allowances
and
Cost
Western Ry. of Alabama—Earnings—
Note—In
present
the
for
any
to install all new
specialized jobs involved,
June 30, '43
sales,
normal
With current uncertainties and with bread prices continuing unad¬
justed to realities, Mr. Russell says, "your management makes no fore¬
cast
with
respect to future operating profits," but calls particular
pany
workers
entered the aluminum forg¬
previous experience in this
company
"without
necessary
V:
Gross
remain lower than justified by costs."
war,
making it
Period—
1942.
Russell, Chairman of the board of directors, stated that the
figures
added
577,000 "
-
profits tax
excess
Earnings per preferred
•After
35,000
518,249
273,000
______
599,779
Federal normal income
•
$557,838
19,145
Drl6,040
$518,559
31,214
railway..
158,
original
on
Depreciation
<
2,070,000
Drl8,503
—
_.
oper.
Net
for
that his
1941
in
facture
From January 1—
$2,057,426
income
Provision
late
fusilages, wings and structural sections, as well as in the manu¬
of airplane engines.—V. 157, p. 2460.
craft
$5,081,585
2,810,000
$514,023
23,039
.
Net
$1,103,835
$1,893,712
income
Total
be
$6,833,357
395,000
$549,773
From January
he
$952,838
$889,023
375,000
—
oper.
ry.
Gross
14,247,921
5,873,331
377,775
16,225,812
6,043,695
414,348
....
selling expenses,
and
and
General
.
343,680
railway
from
Net
$24,577,567 $21,602,863
_
'
In
382,930
railway
from
Gross
July 3,'43 •July 4,'42
_■
Pearl
since
'
explained
business
train
(& Subs)—Earnings—
27 Weeks Ended—
output
the company has
aircraft forgings in
Harbor of more than
of aluminum
producer
total
company's aluminum department produces 700 different types
of forgings, he said, the parts being used in the manufacture of air¬
158, p. 197.
•
Ward Baking Co.
sales
9,230
62,309
June-
$3,426,271
590,527
$6,493,777
largest
a
The
Western Pacific RR.—Earnings—
—V.
Gross
with
he explained,
production record,
this
second
Frazer
Mr.
62,011
income
Gross
.
46,426,180
19,823,304
5,885,763
railway
oper.
Other
the
nation,
ings
3,775,656
54,148
278,827
Other income
period.—V. 157, p. 1655.
962,315
railway—
from
Net
...
4,415,141
income.
oper.
Net income
1943
railway.——
Net ry^ oper. income
From January 1—
r
690,703
(net)
rents
1943, net profit was $33,734, com¬
$7,912,612
3,286,940
railway
from
from
Net
President.
Assets—Cash
June—
^
259,891
Fixed charges
Wabash RR.—Earnings—
1
,
production
monthly
years,
7,000,000 pounds.
1940.
pared with $13,076 in similar 1942
Cost
43,995
273,668
revenue
in 1941 and net loss of $10,528 in
the six months ended June 30,
—V.
3,103,332
_—
facil.
Jt.
30, 1942, net profit was $13,076 com¬
six months ended June
two
achieving
become
1943.
the
Gross
1,414,735
3,420,755
Equipment rents
having
after
1943,
paring with a net profit of $27,788
Net
2,119,214
Operating income
of
31
Gross
279,777
570,082
operations
Net oper.
Taxes
made allowance for\depreciation and
depletion amounting to $64,234.
No provision made for Federal income
and excess profits taxes on above indicated earnings, for the reason
that same are subject to inventory and other annual adjustments at
For
In
than
________—
activities for the first six
N0te—The above shows results of business
first
$14,054,667
559,122
42,588
644,552
8,825
62,521
expenses
'
*'•
Largest
Second
Inc.—Now
Motors,
t
Willson Products, Inc.—Earnings—
$17,485,436
equipment.
Dividend— jk
on
of aluminum aircraft
forgings by this corporation has climbed from the zero mark to more
than
1,000,000 pounds, it was announced on July 21 by Joseph W.
Total
months
For
directors
less
In
1943—6 Mos.—1942
$2,608,939
General expenses
$13,158
34,044
liability.—
profits tax
1943—Month—1942
Transportation expenses
tLoss.
Dec.
of
Traffic
Federal excess profits tax, as
excess
$2,577,682
371,051
struct.
of way &
Maint.
no
1,183,332
This
last.
y
^7;.":?.C
;
the
on
Producer of Aluminum Forgings—
Ry.—Earnings—
'
revenues
Maint.
'
$26,776
-
—
indicate
560.
p.
type of work,"
1,033,380
255,764
allowance has been made for
Note—No
preliminary computations
V. 157, p. 1656.
31,895
$82,593
55,817
deductions
$1,179,515
share
per
July 27 declared a dividend of 10 cents per share
on the common stock, payable August 16 to holders of record August 6
Like amounts were paid on Feb, 15, May 15 and June
15, last, and
on
Feb.
16,
March
18, April 15, May 15, Aug. 15, Nov. 16 and
Dec.
28, 1942.—V. 157, p. 2056.
^
" V^
to
Miscell.
>>
in-
before
deductions
come
Income
157,
The
-
V
272,439
expenditures of
t$18,737
other sources
from
Rev.
1,948,079
$398,199
$245,558
maintenance
•Includes '
3-3,551
profit-
$3,127,594
$2,309,031
1,910,832
478,603
$195,324
income
Net
$353,675
21,163
21,383
$1
Will & Baumer Candle Co., Inc.—10-Cent
$3,148,977
4,052
$724,161
470,995
Western Maryland
30,961
operating
$666,319
deductions
Period End. June 30—
$31,049
Gross operating revenue
Operating expenses
$2,313,083
$734,073
9,912
2,468
income
Gross
Income
1940
1941
1942
1943
—V.
the
Co.—Earnings—
Virginia Iron, Coal & Coke
$668,787
Non-operating loss
Five additional directors were
3 Mos. End. June 30—
818,710
—
of
dividend
a
compares
Frazer,
rectors—
Net
—
Taxes
Co.—Adds Five Di¬
"Virginia Fire & Marine Insurance
$4,606,262 $19,052,428 $19,700,759
2,912,056
11,356,590
11,594,281
282,000
2,391,000
1,944,825
678,133
2,991,755
3,012,676
$4,591,016
2,608.519
___
dcelared
Willys-Overland
1943—12 Mos.—1942
1943—3 Mos.—1942
Period End. June 30—
Accruals
June 30,
$1 on Dec. 18, 1941.
preferred stock amounted to $83.50 per share as at
Oo.—$1 Dividend—
Mfg.
Lace
have
stock, payable Sept. 1 to holders of record Aug. 16.
with 50 cents per share paid on March 1 and June 1,
capital
Westchester Lighting Co.—Earnings—
record Aug. 6. This compares
$100, payable Aug. 20 to holders of
with $5 paid on Aug. 20, last year, and
par
dividends
two
paid on Dec. 21, last year; none since.—V. 157, p. 1951.
declared a dividend of $3 per share on
the 6% cumul. partic. preferred stock,
21
accumulations
of
account
of 25 cents each on
the common stock, payable Aug. 16 and Dec. 16 to holders of record
Aug. 6 ana Dec. 6, respectively.
An inlt'al of 50 cents per share was
declared
have
directors
The
Pref. Div.—
Virginia-Carolina Chemical Corp.—$3
Dividends—
Sugar Corp.—Two Common
West Indies
actual
directors
The
199.
excess
Monday, August 2, 1943
Wilkes-Barre
refunds to
wn»"h would produce
agencies had mamcaincd that rate <ncrises
Income would be inflationary.—V. 158, p.
tion
IIAfter
stock.
profits taxes to the
adjustment of Federal income and excess
rate paid for that year.—V. 156, p. 2159.
make
OPA
shares of
tOn 750,000
tax.
JOn 696,000 shares of capital
capital stock outstanding.
The
1940
t$0.29
share
must
it
income
officials believe the company this year will be
and that so
as comnany earnings are
concerned the rate increase would be of little benefit.
The stabiliza¬
*$219,228
taxes
per
profits
excess
earns
Some
the exepss income bracket
in
after all chgs.
prof,
company
customers.
1941
1942
1943
3 Mos. End. June 30—
Net
the
(& Subs.)—Earnings—
Chemical Works
Victor
# f,t;
FINANCIAL CHRONICLE
E-
First
Watson,
,
■
•<
<
,
Vice-President; in
Vice .President,
a
new
,
•
expenses,
charge
etc>
"
....
of
sales,
position,—V.-157,-
p.
h*s been
1952.
/]
@FedFRASER