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&U$. ADM.
LIBRARY
1fk
2 1948
AUG
MONDAY
e
Financial
Reg. U. S. Pat. Office
I
Volume
168
Number 4721
New
*
r.
,
York, N. Y., Monday, August 2, 1948
-
' j'
\
t
..
.
_
-
.
.
Price 75 Cents
+
^
General
RAILROAD
*r
Acme
Steel Co.—Special
Offering—A special offering
common stock (par $10) was made on
the New York Stock Exchange
July 28 at $53
per share
by F. S. Moseley & Co.
Comimssion, $1.25 — V. 167,
cash.
thus
I. 'vi
•'
Total
far
railway
railway
from
ry.
Gross
Jan.
The
number
of
—V.
163,
1945
1,167,614
,
6,955,470
772,615
142,821
«1,518,133
693,411
Fed.
net
sales..—__
before
Fed.
Interest
Prov. for inc. taxes
<
Earns.-
net
3,817,404
*750,000
*8,324,179
3,071,127
3,067,404
13,627,007
per
piofit-.—v
4%
cumul.
share..$16.34
preferred
Earns, per com.
share.
21,951,186
.V
$15.74 :
$1.39
.
1,689,017 shares
list
26.
a»d
•
to
common
stock,
the
on
34,000,000
168,190,000
3,746,831
-16,900,000
121,529
450,000
41,231,925
219,540,000
8,982,906
43,000,000
16,085,326
$82.53
•
$6.20
$7.41
».
Y'rSX
i**:^;,
32,249,019
176,540,000
1 80.807\.035
cial,
has
been
to eight,
—V.
Young,
according to
a
an
par
value,
was
Stock
Exchange
oper.
lOther
»
-
•
h
r
director,
lawyer
increasing
admitted
on
and
the
corporate
offi¬
board
membership
announcement of Edward J.
Noble, Chairman.
167, «. 2245.
Total
■
'
•
income
■
Sales
Net
'•
-
1948—3 Mos.—1947
Net
$4,294,321
$8,921,915
404,122
*616,803
income
Applic.
to
Income tax..
183,000
-162,000
the
week
ended
July 22,
amounted
company
453,000 kwh., or 11.69%,
"—V. 168, p. 342,
American
for
22,000
V
$242,122
$368,803
.
of
over
shares
of
5y2%
a
letter
of
cumulative
notification
convertible
with
the
preferred
SEC
stock
to be offered at par.y Underwriter, white, Noble <fe
Co*..
price
Lucky
cent
Strike
were
This
The
discounts,
increases
Cigarettes
price.
package.
per
customary
Similar
lon
of
is
new
net
a
will
in
will
of
apd by its
Go., for Pall Mall Cigarettes.—V.
163,
p.
on
cigarette
*
5V2%
over
25,367,165
199,132,522
$9.23
excess
$13,74o,0C0
on
account
of
tax
refunds
^
due
,,
seven-tenths
,
to
„
of
Co.,
New York
Curb Exchange..
Stock
Stock
each
1.58
Detroit Stock Exchange
Pittsburgh
Stock
Stock
•
—«
Stock
iJ— ■£-—w—-37
___i
Exchange
Exchange
per
thousand,
Montreal Curb. Exchanges.J
per
thousand.
Toronto
Cigarette
&
TareyCigar
41.
stock
with
$20), of which
share and 10,000
per
expansion- and
to
bank
retire
and
1,
of
notice
a
preferred
194C,
that
has
it
During the second quarter of 1948, 750,000
Bell telephones were
added, making a total so far this
year of 1,485,000.
The demand for
telephone service remains at a high level, and
although we are instal¬
ling new telephones at over twice the highest
still
,
1,340,000
prewar
persons
To meet the heavy
waiting for service. '",,
'
rate
thej-e
are
>
.
demands for telephone
service, Bell System com¬
panies must
keep on with 'a construction program
requiring large
additional amounts of new capital.1
Telephone rates must be adequate
to provide
a
return
sufficient
to protect
the stockholders'
existing
investment
and to attract the
new
capital needed to provide the service
public wants. Telephone rate increases
amounting to about $135,000,000 a* year have been approved or made
effective.
Applications
for additional rate increases
totaling $70,000,000 a year are pending
before regulatory authorities and
further applications will be made in
the
—38
————38
.39
———4--—40
J
-40J
ij
Exchange-—__..J—_—
Toronto Stock Exchange—Curb
Over-the-Counter Markets
the reorganization
scrip for the
share,
for
and
Redwood
stock
common
■
44
basis
Md., for
14^ cents
of
,
be
surrendered
redemption before July 1, 1953,
no value, l
..v/'J;.
to
the
Mercantile
31—
Int.
expenses
21,018,831
99,577,606
102,282,317
$2,004,904
$9,436,251
$9,737,684
1,623,400
8,943,686
8,102,023
222,405
855,451
980,749
$159,099
*$362,886
$654,912
—•
180,357
A
7
16,728,629 '16,757,945
5,657
21,636
24,721
*$341,251
$679,633
13,634
$164,756
U.398
49,153
52,419
248,573
*$129,746
—-
♦Deficit.—V.
-
$110,939
*$651,581
*$66,958
debs
Net, income
■
J *$71,518
JJ 4,561
charges—
ser.
'
1948—5 Mos.—1947
3,403,193
Income-,.——
on
the
near
Four
future.
168,
61,758
,
.7,252
J
253,595
$413,780
146.
p.
Beatrice Foods Co. (&
Subs.)—Earnings—*
Three Months End. May 31—
<-;*
sales (incl. storage earnings)—
1
Net
of
sales
Repairs
and
maint
1948
33,788,810
25,972,531
1,011,536
1,158,403
1,172,152
297,798
247,922
143,813
•
164,649
/ 148,749
122,825
102,592
372,940
339,665
287,409
;
——
annuity prems
Selling and deliv.'exps
and
Provision
gen.
J
'
663
249
1,491
J 29,052
JJ" 4,372,216
24,088
3,874,128
1,490,730
1,501,106
"
26,701
3,009,556
1,322,456
—___——
Retir.
;
.—2—
exps.._
fof depreciation———
t
.
192,185
v.;
—
—
Admin,
313,938
.
—
Rent.'——Interest
1946
36,544,212
Insurance
Taxes
1947
$45,938,313 $42,615,009 $33,626,841
—U
Advertising -—:—,L—:——*
341,787
*
290,411
282,974
,
'
.
•
—-
-
*
...
Balance
Other
inc.
t.
$1,120,305
(divs., rents, disct., int.,
etc.)
Prov.
Fed.
.
.■■-
.
sold
$275,000,000
of
long-term debt issues in the
quarter.
Another subsidiary is
selling $55,000 000 of 40-year
debentures this month.
About $116,000,000 of the
company's $357 532 C00 2j/4%
convertible debentures,, of 1957, which became convertible
March
1,
payable
have
been
by
converted
surrender
into
stock
of, one
$100
of, the
company
debenture
and.
at
$140
payment
per
of
v
-
,
,
,
85,713
100,388
$1,216,221
inc.
Net profit—-
♦Earned
$1,138,589
$1,157,627
535,000
487,000
474,000
$681,221
$651,589
$683,627
taxes
Reserve
Banks
J
We
Banks of
*
of
June.
-
—
Specialize in Orders for Banks and Beaters
Edward D. Jones & Co.
;
.
..46.
60
,
-
I.
The Capital Flotations for June and 6 Months 3
Federal Reserve Production Index for
Month
£ ,
$1.23
$1.17
• ; J$1.2l
provision for diVidends'on preferred stockJ-V. 167, p, 2570.
46
....
Member
——
46
Condition Statement of Federal
Statement of
——
per common share—L
♦After
46
r.
Rates.
Established 1871
,
\
;
\\
J
300 North 4th St., St. Louis 2, Missouri
/
'Vv-'J'
Me'mbers
New York Stock
St.
'
J;
$1,057,238
95,915
income—
for
$1,052,876
.
.———
Total
Redemption Calls and Sinking Fund Notices__4S
The Course of Bank Clearings. 1
45
Dividends Declared and Payable
Federal Reserve System
subsidiaries
second
Share,
Miscellaneous Features
Condition
»
,
20,067,381
$1,907,888
1,799,050
revenues—..
——
Fixed
'
ACCOUNT
3,400,725
passengers
Gross
INCOME
1948—Month—1947
26
General Corporation & Investment News.Covef
State and City Bond Offerings
55
Combined
Trust
which date they will become
on
(Including Baltimore Coach Co.)
.
Period End. May
Revenue miles
26
26
v
-
Baltimore,
ilie
on
].-
■
with- the-Mercantile
St.,
and
scrip for preferred stock 011 the basis
1/10,000th share, or $7.90 for each one-half
each
COMPARATIVE
/-r,.;-
43
Section
Stock and Bond Averages
Exchange
sold
issuable
i;'-.;.v
■<;;
has placed the- proceeds!",of-aale
Calvert
be
to
stocks, allocated for scrip issued
pftcr that date for old
plan
of "the United Railways .&
and
—-41
Transactions New York Stock Exchange
Transactions New York Curb Exchange.—^
Foreign
loans.
Scrip Ctfs.—
caused
The 30-miIliontb Bell System telephone has been
installed,
,
the
(par
$21.25
Co.—Will Redeem Its
issued
July
1
for Herbert
plant
scrip certificates should
for
Cost
Exchange..—,.--——-38
$7.78
Stock
preferred
publicly a,t
statement
vdid, and of
::;33
St. Louis Stock ExchangeSan Francisco Stock Exchange.
Montreal
has
Operating income——
Non-operating income—
Stock Exchange______«
Philadelphia
r
registration
a
36
Chicago StockiExchange..^—
Cleveland
for
Transit
l/20th
'
The
Co.
36
Exchange
used
common
cents
share,
—31
Exchange
5%
offered
Baltimore,
redemption
Taxes
New York Stock Exchange (Stocks).—^-—15
New York: Stock Exchange (Bonds)27
Boston
its
Operating
Operating
."'
"
bidding.^ Pro¬
1582.
company
Revenue
In This Issue
shares
be
outstanding
for
$9.01
profits credits in 1946.—V, 168,; p. 24S.
be
P.
company
The
average
§Includes
competitive
for
securities under
TflfcoJxic,Co.;;
185,255,834
$1.22
will
167,
aad
5.449,186
$2.77
by
treasury for construction expendi¬
construction and for other corporate
^
jj,-.,
filed
27
*
1
§190,705,020
5,483,795
number of shares outstanding.
tDoes not include
the company's proportionate Interest in undistributed
earnings of sub¬
sidiary companies, tlncludes proportionate interest in net earnings of
Western Electric Co. and all other subsidiaries not consolidated
(partly
July
85,000
will
Baltimore
of
sh.
342.
p.
on
offered
J Shares
-
204,616,317
cents
Telegraph Co.-^Quarteriy Re¬
port—Leroy A. Wilson, President, on July 6 said in
part:
,J
per
determined
new
A
shares
—v.
48,614.095
Los Angeles Stock Exchange-iJ------.------.-37
American Telephone &
,
'
888,012
be
by
'
be
reimburse
cost of
subscription by employees under a purchase plait
at $20.25 per share.• Underwriters
are
Mitchum, Tully & Co.; Paine,
Webber,
Jackson & Curtis,
and Stone
& Webster Securities Corp.
26,255,177
1,650,154
35
the company
subsidiary, American
Cigarettes
about
'
168,
covering
be
Proceeds
*
'
to
the
company
75,000
*
_——
increased
equivalent to
price
increase
announced
be
SEC
•.
61,601,103
earns,
Baltimore
July 19 filed
on
The
239,319,115
74.833,181
Cincinnati. StockExchange.--—---37
company's current
a
less
'
!'Y79.449,498-
,13,967,87^;
Co.—Weekly Input—
the System inouts of subsidiaries
243,137,000 kwh., an increase of 25,the corresponding week of last
year.
,
The
'
Page
1948
to
The company on July 29
announced the first increase
prices of its major brands, in almost two
years.
'
<
the
'
will
used'
s
2^.699,220
f
.
''
'
Stock and Bond Quotations ;
American Tobacco Co.—Increases Cigarette Prices—
i
int..
stock
*Based
be
defray
'
'211,619,895
$409,179
::;t
company
<$10, par)
$
'.
294,000
Spring of Holly, Inc., Holly, Mich.—Files
With SEC—
The
248,000
sale of real estate.—V,
167, p. 2681,
on
American Power & Light
this
'
'
-
—63.251,260
min.
733,179
profit———$272,803
For
V*
$7,933,722
*455,803
•Including $70,405 profit
of
•
1948—6 Mos.—1947
$4,901,161
before
to
$8.78'
217,693,028
61,756,470
4,432.030
.
750,840
385,172
,4 \
1 t"v •'
I*
r
\
^
^
f !'t \ * * " '
'a
"
v*
Associated Telephone Co., Inc.—Registers With SEC—
185,416,981
(& Subs.)- -Earnings—
taxes
———
earns,
Prov. lor
35,7:1,020 "
-
21,161,304
Applic." tO A. T. & T.
estimated).
American Colortype Co.
will
1948—12 Mos—1947
.$4,412,5(51 t40,223,050
_
deducts.—
carry-back of
Period End. June 30—
ceeds
tures,
11,629
v
BELL SYSTEM
S
(net)— \ 19,216,S{13
inc.
,
.
OF
j
Income.^ 65,195,611
3,094,924
on
July 23 filed a registration statement with the
$7,500,000 first mortgage bonds, due 1978.
The names
underwriters
The
Net
Consol.
*
%
y
internationally famous
elected
11,194,932
50,500,000
46,877,043 195,330,000
$2.32'
$1.55
$8.13
1948—3 Mos.—1947
May 31—
5,656
',
company
covering
the
of
Trust
York
;
,
D.
168,724,643
purposes.—V.
share.—
9,641
'
from
Arkansas Power & Light Co.—Registers With SEC—
SEC
27,690,928
-
Operating revenues.. 645,111,420 491,313,837 2,428,005,199 2,096,651,178
Operating expenses.! 505,498,319 400,479,376 1,943,771,390 1,643,296,725
Fed. taxes on inc.—
26.435.914
13.524.610
85,450,661
78,879,480
Other oper. taxes
47,981,576. 41,518,831
181,090,120
,162,855,078
Co.
Directorate Increased—
Owen
$1
New
f
:;
207,622,132
26,815,037
52,190.000
per
Per. End.
>,
,
2,336,266
-35,027,299
63,670,000
—
1945
$558,416
166,093
87,590
.
10,831,762
50,330,000
•••
,
46,225
Net
11,480,000
t
Vs
'
1—
'
'
$484,283
J
59,123
,
,
20,280,000
10,900,000
40,000 ' '
123,623
'
.
'
'
1946
$583,892
r
206,571
income...
Jan.
V
1947
$762,935
7.
Net
154,120,000
—
railway....
railway
oper.
' '
y
railway....
4,275.336
3,773,336
2,935,723
from railway——J865,022
' 746,408 -, .316,613
ry: oper. income...-5
387,274-7-''292,555 ^67,202
—V. 168, p, 146.
t
.
I
1948—12 Mos.—1947
$
will
Net
of
dealings
'
•
•
ry.
From
Gross
1,449,000
American Broadcasting Co., Inc.—Stock Listed—
the
from
Net
4,680,000
(net)
1943
from
Net
'
'2,719,939
8,620,000 •"
income
Interest
The
Gross
c
'
RR.—Earnings—:
June—
of
1
'
,
142,735,263
22,693,000
_
—
income
$9,975,000
provision for estimated Federal taxes on income is after declaimable refunds under carry-back and other
provisions of
the Internal Revenue
Code, as follows: $1,150,000 for the three and
12 months ended
April 30, 1947, and $1,040,821 for the 12 months
ended April 30, 1948.—V.
167, p. 1689..
:
to
record
estimated)
34,u97,5S8
CONSOLIDATED. EARNINGS
♦The
July
ONLY
1948, partly
2,860,000
Dividends
ducting
..
COMPANY
ri
Ann Arbor
26,060,326
$72.52
$1.39
.
high
new
5,790,000
'I'/'y'jsi'-T'' -y
Consol.
.
OF
>•
tv
40,000,000
deductions
•Earnings
1,900,000
est.)
*
of
203,950,953 i
income
Interest
86,726,583 400,799,989 372,624,127
4,971,127
7.
,
1948—12 Mos.—194T
,
—i--'■
rf."i
the debentures
of
a
'
income
income
Total
95,327,496
taxes
income
on
reached
\
taxes—
income
oper.
Dividend
Subs.)—-Earnings'
.
MISCELLANEOUS
-
The
Net
tNet
Profit
and
41,402,803 219,300,000
in:ome__
on
operating
Other
1848—3 Mos,—1947
has1
\
•;
«-.i
57,270,000
expenses
taxes
Other
11,084,230
4,127,991
877,013
.
•' J..r
issue
.
1943—3 Mos.—1947 "
-.-i
revenues
Operating
:
Allied Stores Corp. (&
\
this
of
"-V1
'v-:;V-'-
Operating
.
$1,165,717' $1,689,512
153,343
544,612
37,759
.96,408
7,850,640
2,304,804
i
41'.
p.
52,806
8.877,583
Period End. April 30-*
Total
7
stockholders
■Period End. June 30—
1946
$1,240,122
173,713
191,884
income—
oper.
'
426,851
railway
railways—___
from
ry.
-
$180,000.000.
(Figures for June,
J
1—
from
Net
1947
-
$1,495,372
income
oper.
Net
;•
748;000, an increase of 25,000 shicethebeginning of the year,
J
1943
•
from
From
it
-
INSURANCE
•
,
Alabama Great Southern RR.—Earnings—
Net
-
to
EARNINGS
June—
Net
i
conversions
amount
2357.
Gross
1
in
1961
INDUSTRIAL
-
VI... v
•
$40
of 4,000 shares of
p.
v
.
Corporation and Investment News
PUBLIC UTILITY
-
;>
.
Copy
a
Louis
Stock
Chicago Stock Exch.
New
York
Curb
1
Exchange
Exchange
Phone
CEntral .7600
Chicago Bd. of Trade t(J
Exchange Associate
4 ~
:
Bell Teletype
SL 593
,
Minneapolis Bottling Plant—1
announced that witjh thje discharge Qf
indebtedness during the past week the f
company is now free of all, its long-term as well as short-term debt.
Last February the company announced it had liquidated Its revolving
credit with a group of mid-western and New York banks.1 After that J
obligation was liquidated there remained long-term obligations for
renegotiation payments and for purchase of certain war-built-facilities.
The only
remaining debt now consists of current liabilities due to
the normal operations of the business.
At present the company has
corporation on July 28
about $1 600,000 in remaining
loans,
mortgage
loans,
bank
no
renegotiation
payment
deferred
or
"Net
and
Profits
for redemption on
Oct. 1,- next,..at
Payment will be made at the Old Colony Trust
interest.
Boston, Mass.—V. 163, p..188.
45 Milk St.,
.
•
J
.
Net
Company on July 23
The
for
shares ($5 par)
go to selling stockholders.
36,210
will
Proceeds
%
-
146,
p*
:k:
.
1945
1..789,583
$2,561,766
-1,427,831
1948
$1,514,961
* 566,108
1,225,823
974,092
"710,019
"533,455
9,846,327
8,576,479
Net
railway—!..
11,070,055
from iailway
'
4,016,558
3,753,387
4,661,981
"721,102
Net
ry/opfet.
3,298.525
3,218,710
364,508
railway
from
Gross
k:
Net
ry.
:
railway
from
Net
oper.,
1947
1948'
$3,067,422
income™
~
,
Grciss
>
\.
k
.,'•
*
from
income____
V
-•Deficit.—¥. 168, p. 42.
.
-
<*
.
958,962
1,463,627
'
,
.
$6,756,758
488,577
383,789
1,047,812
904,544
1,677,800
1,126,500;
*634,800*"
2,431,300
-'
'
the
$970,311
2,000,000
$0.67
$2,444,444 v $2,709,751
2,200,000^ 2,000.0'"0
$1,340,569
2,200,000
$0.68
sh
$1.35
$1.23
1
,
T "
*'
it
'
' Is
M
e
s'*
'
v
f
4
items 'shown
kLL^-LkL.k_„
1,932,465
6:358,133
^
12.847,538
11,004,400
•
Net
inc.^ before taxes-
j24,609,775
for taxes based on
22,338,966
49,489,392
51,339,106
9,930,000
20,740,000
;
'
■
•
stk.
share of com.
"Per
$3.05
Net
frqm
Net
i
ry.
;
' "111,596
;
'
y
the
for
CAPITAL
income-.
oper.
"242,390
"564,728
168,
p.
'
'303,399
railway.^i-
"637,431
_
"270,446
"626,823
42.
& Burr,
& Hutzler,
net
proceeds,
SECURITIES GIVING
'•
-
J
L
3Va%
,-Serie? M
.
P;*7L919.
:;;;
—
■
\
* "
"
,
*k"7Tr-
Bing & Bing, Inc.—Plans
>
4
•
*'*-
■;
-
Area—
3'/a%
1968^—..k—l.
1970i__lic_w^
j 19,921,000
.
rfue
1972__,
( 12,258.000
N
2%%
due
1976
(T2,869,QOO
Series
P
3Vi'/'
due
1977—I
Q
3Va'%
due
1978
6%
stock
cumul.
preferred
"•>; Preferred
Common
stock
limit
.spec:al
of
39,297
"410,033
New
stock,
v
;
i-.
that
;'k
danada,
Canadian
3.50%
($10
imposed
by
charter
and
Vkk',
Air
I.
by Transport Minister
Lines would inaugurate
ii; |«j vote
international air services', it was revealed by G., W. G. McConachie,
President of C, P. A., in telling of preliminary plans for the new routes.
on
a
four-for-one, comriion stock split-up.
The corporation proposes
His air line's move; into, the Pacific, area was a. natural ( develop4 to increase-the presently outstanding shares of 101,338 commoij stock, " '^i.
ie
Djent- in
the
Canadian
Pacific's
long .connection
with
Canadian(including 10,520, treasury shares).] to 405,352 jspates of
par $5 fiP.ct
g
Oriental tradfe, piondered by C. "P. Steamships over 60• years' ago,
i
$1.25 each;?
increased "through
tlie years and augmented by regular CanadianThe' stockholders also
will be asked to. increase the authorised
Australasian liner service, Mr. McConachie Said.
:
•>
'
capitalization to 750,000 common shares in order that stockymay.be
"War'service in which
our
fleet suffered losses relatively heavier
k k;1 available for corporate purposes in the future. No issue is at present
than, any other line
and the present very high cost of steamship'
v
"' contemplated, according to the company, Stockholders of record July 26
replacement have made it imperative that we take" to" the air to hold
k r" will be entitled to vote.—V. 165, p. 3275.
A
special meeting of the stockholders will be held Aug
Service
of
this
;
^
on
2570.
tificate of ; amendment on that date.—V. 167, p..
T "
' The 'stockholders
mainly
north
also
six
168,
• lower
St. Lawrence and Labrador,
and'east-west flights
Calgary and Vancouver, via the Kootenays.
spring of 1948, 52 Canadian Pacific aircraft operated' over
9,671 miles of licensed routes, among them being 17 Douglas DC 3's.
—V. 168, p. 43.
' » V- .
"
The
-
iik
directors
July
on
-v
k,
.
r
•
,
.
16$,1
j;
Net
from
of
•
{
X.'
early
made
the
From
the
record
until
date
the
outstanding
stock
from
ry,
1948
'*
"$524,559
Gross
Net
ry.
From
178,684
ry.
1—»
Jan.
•»-
'
■.-
railway
railway.L——
from
Net
242,334
income.—
oper.
from
Gross
kNet
oper,
"
•
.income.—
2,236,918
679,805
333,872
"Deficit.—V. 168, p. 42.
,,
k
railway.!.—_
from
Net
kk
3,
general
Aug.
Is
y.'t.
«
;••'
'
Period End. May 31—
income—_!—_——
'Common
k Earns, per
.
share.
com.
'
125,306
•
.
_
S
■
V'k
•
>>■
I
-
''
'
Co.—Earnings—
1948—5 Mos.—1947
' $735,358
$525,682
550,000
312,000
$1.02
-$1.03
.
1948—12 Mos.—1947
$1,756,196
.
$1,369,517
.550,000,.; 312,OQO
"$2.44
$2.81
,k. "After deduction of $414,769 for preferred stock dividends.—V-.
247.
p.
'
J
CalVornia Pacific Utilities Co.
vateiy—
.: ■
v
—
\
■
168,
). -#i;
To Sell Bonds Pri-
h! k;'ifekkk:|
tM kS
to the California P. U. Commission for
authority to* issue $750,000 first mortgage 30-year 3%% bonds.
The
issue will be sold privately to Modern Woodmen of America ($500,000)
The
and
V.
company
Provident
166,
p.
has
Mutual
1351.
i
Life
Insurance
'/kkk;'; k-; 'k •'
Co.
.
of
Philadelphia
;
...
•
($250:000).
"
16,880
184,961
■-
255,992
mO,810
8,362
16,031,542
15,770,022
20,462,141
'2,665,739
1,083,516
"350:449
946;482
5,000,87-6
"155,097
the
554,894
18,989,955
3,074,985
.
income.
oper.
"
974,646
:
.
embraces
the
greater
part
two
does
Fairfield, Winslow, Augusta, . Hallowell,
Rockland.
Company
contemplates
the
gas
business in Rockland.
Company
its
of
in
but
small
communities,
hold
not
itself
out
furnishes
and
as
'■
'
July
holdings in
date
that
22
they
steam
a
•
•
have
proposed
will he supported
preferred
stockholders
!
steam
utility.—f- ;
,
plan
a
of
reorgan¬
by debenture holders
committee.
.
_
Practice
of
13.
the
National
Association
'
In
of
the
first mortgage 4% bonds due Jan. 1, 1995,
mortgage" 4V2%
income bonds due Jan. 1, 2020,
unless, otherwise,
jrust
will
York
Stock
Exchange
directs
that
Exchange
contracts
.
Mmittanci for foreigtt subscription it
order to
insure
option .fjor
have
to
redemption
the
debenture
made
good
out
assets
of
'into
an
full
period
a
their
to
payment
of
days
ten
debenture
after the
7
Blue
price
of Blue Ridge stock is . less
exercising the option, any
remaining assets of Central
Central States, except contingent
holders
the
of
of
claims,-and
other
holders,
in
6%
Central States, consisting principally of
the
trustees against Harrison, Williams and others
of New York, will be segregated, and par¬
the
by
Southern
ticipation
District
these
assets
will be accorded
to the 7% preferred stock¬
common
stockholders in ac¬
The lawsuit against Harrison
.preferred stockholders and
respective priorities.
with their
cordance
Williams
others,
and
is
it
will
expected,
,
shortly
be
brought
trial
to
ieceni
decision of the Hon. Alfred E. Coxe denying
the defendants to dismiss the complaint on the ground
action was barred
by the statute of limitations.—V.
167,
of
view
the
mttions of
the
that
the
2786.
p.
"
assets, of
brought
the
'
'kVw': 'k vk.:"'kk:
!7.' '
' " ki. 7
k;:;.
;
"k,k
<:;(
•/ v- : - > 7.-'/
Vermont Public Service Corp,— Offering to
'■
,
'
;
Central
Common
,
,
.
.
'
Stockholders—
'
,
>
7
,
.'4 *
". s
This
corporation
is offering to
common
stockholders of record
July 21 the right to subscribe for 526,700 shares of common "stock
(no par) at $8.25 ner share on the basis of one new share fpr each
shqre
.
fcrred
any
then; held.
The
stockholders
number of
extent
k •'
in
bonds, series A, due 1995, "when issued," shall be
settled on Aug. 3 by delivery of temporary bonds with coupons due
Jan.'l, 1949, and July U 1949. attached. J The accrued interest from
July 1, 1948, to Aug. 3, 1948, will amount to $3.5555 per $1,000 bond.
7 Exchange contracts in general mortgage 4'/2% income bonds, series A,
due 2020, and general mortgage 4'/:»%>
income bonds, series B, due
2020,
"when " issued,"
shall be settled on Aug. 3 by delivery of
temporary bonds accompanied by the $45 per $1,000 princinal amount
cash payments being made on issuance of the bonds, in lieu of and
equivalent to Interest at the rate of 4V2% per annum fog' the year
1945.
All
Exchange
contracts in the aforementioned 4»/2%
bonds
New
converted
be
used for payment-of debenture holders'
Contingent
in
in
bonds extended at 5.%..to May 1... 1942.
The
such
of
be
balance
Any
lawsuit
specified^..-.
first .mortgage 4%
that
claims
:
,
will
prior claims, will be transferred to a reorganized company whose 'stock
will be distributed to the 7 %- preferred stockholders, k.. '
series A;
Effective July 30, 1948, voting trust certificates for 5% preferred
stock," series B, and common stock and first mortgage 4%
bonds,
series A, due Jan. 1, 1995, and general mortgage 4^2%
income bonds,
series A and B, due Jan. 1,-2020, are being dealt in on the New York
Stock Exchange "regular yay't in lieu of "when Issued."
The following "securities were suspended from dealings qn the
Ex¬
change July 30, 1948: first mortgage 5% gold bonds due Nov. 1, 1945;
consolidated
mortgage
5%.
gold bonds due
Nov.
1,
1945; refund¬
ing
and
general
mortgage 51/»%
bonds, series B, 7 due April
1,
1959; refunding and general mortgage 5% bonds, series C, due April
1, 1959; Chattanooga Division purchase money 4% 50-year gold bonds
due June, lr 1951; Mobile Division firsf "mortgage 5*%
gold bonds due
Jani. 1, 1949; and Central RR.> & Bapklng-eo; -of•' Georgia .collateral
the
of
event
the
assets, not
on
1948:
In
given an
plan,
are.
date
States.
Committee
which
Ridge stock redeemed,
receiving jat iea^t 70% .of their, claim in. cash and not more than* 30%
in stock of The North American Co. and United• Light-& Railways Co.
than
-
Blue Ridge Corp.,
distribution.
of
effective
■
and
^r
and
State
open'-end investment company, plus cash, will be distributed to deben¬
ture. holders m payment of their claims, computed with interest to
804,544
Financial Chronicle (Reg. U. 8. Patent Office) TWilliam B. Dana Company, Publishers, 25 Park
William Dana Seibert,, President; .William D. Riggs, Business Manager.
Published twice a week [every Thursday
offices:
135 S. La Salle St., Chicago 3,. 111.
(Telephone State 0613);, 1 Drapers' Gardens, London,
E. C., England,
as
second-class matter February 25, 1942, at the post office at New York, N. Y„ under the Act of March 3, 1879. "
American Union. $35.00 per year; in Dominion of Canada, $38.00- per year. " Other Countries, 842.00 per year.
'/"••'The Commercial
,
applied
Westbrook,
Portland,
plan
States'
1945
3,282,283
series A;
due Jan. 1, 2020, series B;
certificates. $100 par , value;
preferred stock series B voting trust certificate $100 par value; and
common
stock voting trust certificate, no par value.
All -contract?- on--and
after 'July 30, 1948 shall; be regular way,
1,630,648
-659,136
365,74)1
426,059
-
$2,486^513
general mortgage<2%
income bonds
preferred .stock series.. A voting trust
j- ;
1,604,501
1,821,085
327,622
"48,932
.
J;: jT'-r.V
Net
-
;
California Oregon Power
-;r :"
South
,1...
contemplates that aa a preliminary matter American ?
Light Corp., a subsidiary, will purchase its outstanding
publiclv-hell stock and will liquidate and dissolve. Thereafter, Central
July 23 announced that
Dealers, • Inc., District No.
all "when-issued", contracts in the following securities shall be settled
1945
!
$351,112
'
159,647
93,826
-—
the
of
the- 7%
and
holders,; they
railway
railway—
Uniform
The
bill
167,
1946
$306,865
79,750
24,358
1947
$314,307
76,787
22,549
;
Portland,
for Central States which
committees
Delivery Ruling, Etc.—
,
-Earnings*k, ,> >,,
from railway
June—
announced
ization
i—
from
Securities
p; 2786.
'
of
343. ;
p.
deficiency
■'
September.
in
of
time
ex-rights, sales of stock should be accompanied by a due
entitling the purchaser to receive the rights when issued.—V.
traded
1
Jan.
"Deficit.
presently -anticipated that the company will file a registration
statement
in the near future and that the offering to stockholders
be
'1946
1947
$2,483,366
$3,216,036
509,620
income—.
oper.
Net
It is
will
railway
railway
Net
record
.
"
.
From
Gross
July
on
from
Net ry.
"X-
300,000 shares
Stockholders
'
of
Central States Electric C)orp.—-New Plan Proposed-—
J. Austrian and Robert G. Butcher, trustees of this corpora¬
tion.
-Earnings-
•1948
'
". ■
•
28 approved an increase in the capital
to 400,000 shares. .
'
at 11:25 A. M. (EDST) July 28 are to hp
granted right? to subscribe to the additional sharesr and -any unsui)scribed shares are fexpected to' be underwritten by a banking syndicate
headed by The First Boston Corp.;
'
I
stockholders
The
stock
'
Central of Georgia Ry.
June—
Co:—-Stock.Increased—Rights^
Boston. Insurance
»,
V
;■
v..
water
customers
.
The
Gross, from
the plan effective.—See
declared
246.'kk':"'V
p.
kkik-
,
29
of
Co.
stock
Cities- Power &
the board of directors.
members of
to elect two
stockholders
Service
common
Carl
,
In the
4
'
population
furn'shes
to
„
centers
discontinuance
eventual
V.
on
the
_
1
flights,
total
and
up
industrial
Biddeford, Saco, Waterville,
Farmingdale, Gardiner
and
pounds
passengers.
scheduled
.
of
between
July 28 approved a
on
1,889,085
cargo,
the
Saguenay,
»
recapitalization-plan "Which
-calls for the- refunding of the present first 4>referred stock and Its.
~;
accumulated arrears by a mew issue of prior cumulative preferred'
stock plus a cash payment.
It also 'calls- for the payment of 'arrears1
•..-on
the second preferred stock and the granting of rights to common
(
said.
of
pounds
the
Vancouver, Edmonton, Regina and Winnipeg.
is in addition C. P. A.'s important service between Montreal, the
There
Approved—
Bohack & Co.—Recapitalization
(H. C.)
'
,
124,720
built
was
operating out
south,
outstanding., '*
10,817,971
flew
year
and carried
record
This
from 800,000
stock
last
of air-mail
Julv 29 voted to increase the authorized? com¬
shares to 1,000,000 shares. There are 342,303
'
.'
The distribution of one additional share of common stock for each
share held as of record Aug. 10 will be made following filing of cerThe stockholders
mon
shares
Mr. McConachie
trade for Canada,"
C. P. A.
■
Public
of
of
-
of its industry.
Among the' more "important industries', served are
pulp
and
paper
products,
cotton
and
wool
text'les,
shipbuilding,
metal trades, lumber and wood working, and boot3 and shoes., »
-\
In addition, the company operates four plants for the manufacture
of
gas,
and distributes it to a total of about 6,200 customers in
'-'
Approved—
35%
Corp.
_
4
(E. MV.) - Bliss Co.—Increase in Stock
stock
common'
approximately
Auburn,
Brunswick, Bath, Biddeford, Saco, Sanford "GarAugusta, Waterdille, Fairfield, Skowhegan, Belfast and Rockland
and 250 other cities, towns end plantations.
This territory has a
population
of about
560,000," • representing
approximately
two-thirds
.
-
to
It is an operating subsidiary
Co., which owns 77.8% of its common
diner
r
i
pursuant
1905,
20,
Lewlston,
,
'vt'i
July
company
cludes
.
M
>
..k
indenture.
or
220,000 shs.
.
1,690,-415 shs,
operates wholly within the State of- Maine and is
primarily an electric utility.
It generates all but a very minor rpart
of its requirements for electric energy.
Its distribution system serves
about 188,000 domestic, commercial,' industrial, agricultural and mu¬
nicipal customers in central and southern Maine, an area which in¬
4
k
k.
/
.
was-
Public
5,713" shs.
/
.* 2,500,000 shs.
organized
Maine-legislature.
Hampshire,
Central. Vermont
3.800,000
,
300,000 shs.
series.—
par)^_._—_
act
New
on July 21
Pacific
-
*
pf the
England Public Service
more than 58%
of the
The
'
$100).—_
(par
BUSINESS—Company
a
$9,500,000
stock-
stock
4,000,000
[ 5,000,000
loaiis—^
evidencing bank
Preferred
flights. to the Orient and to Australia and" to New' Zealand mean?
'"that a' total of 14,42Q route miles will be added to Canadian-operated
.
4-for-l Sjolitup-
k-k'k^^x ' k»k
Chevrier
f
.
Series
i
Announcement at Ottawa,
Lionel
.
k'kkkv,f*
$240,00(J k,v
.
due
'
"
Outstanding
-■
due
3Vz%
Series
Ry.—Air Li«es. Moves Into Pacific
Pacific
(Canadian
.'f
'j
-
-
FINANCING
Authorized
■
;
.
PRESENT
EFFECT TO
-
bonds—■
mtge.
gen.
•
.
treasury funds, will be
together with
$5,100,000 outstanding short-term notes payable to
Bank of Boston; the proceeds' of which were
purchase or construction of property.
Series
1,20^,500
4
Coffin
were:
Salomon Bros.
by
■
'-
1,069,700
Offered—Halsey/
Bonds
—
*
and
1st
1945
..
•
Power Co.
Series
1946 "
1,002,400
1,177,000
railway
"Deficit.—V,
*Base4 on-$,B54',982 Shares (after 3 for l split-up .cm Dec. 30, $947).
Steel production (ingots and castings) averaged-87.2%, of capacity
.during the Second Quarter of ,1948, as. compared with 95.2% during
the first quarter of 1948 and 99.3# during the. second, quarter; of • 1947.
Current steel production is approximately 99%
of capacity.—V. 167,
- v
,
<
28,499,392
$2.81
30,599,106
12,408,966
$1:20
15,099,775
,•
' $1,50
1—
Jan.
from
Gross
income for period
Net
""79,609
ryr^oper; incpme
From
_j_
railway—---,
from
Net
20,990,000
' %\
.v
:;
V Net
9.510,000
income
■
reduce
to
used
$153,000
$165,608 ' $220,800
,
s55,700'Xk "17,003
,7 41,960
' ."104,957
r "66,820 '
"25,833.
$193,000
railway™--
from
1947
1943
"
June—
per
the order of First.National
;
.
sale
100.547;
.^PURPOSE—The
used
Canadian National Lines in New England—Earnings—
-
-
Gross
Prov.
1691.
p.
cents
25
awarded July 26 on a
was
the
at
(jointly),
"
Notes
and
depletion
for
depreciation
-
66,119,109
62,271,846
1,778,054
$64,875,857.—V. .167,
of
147.
168, p.
Maine
issue
ceived
subsidiary,' $826,394; minority "'interest in sub¬
of U. S.
•*<---
-•
dividend, of
an-extra
dividend
bid of 101.309.
Other bids re¬
Inc.,' and First Boston. Corp.
100.5217; Kidder, Peabody
& Co., TOO.409;
Harrima'n Ripiey & Co., Toe., 100.403; Merrill Lynch,
Pierce, Fenner & Beane, and White,, Weld & Co. (Jointly), 100.1191. ; )
The
,
sidiary company, $1,580,549; 2,200,000 common shares of no par value,
$20,451,123; capital surplus, $1,724,571; distributable surplus, $9^681,-
total,
:
Q ZVs% due. 1978.at 101.467 and accrued interest.
securities
the expansion
5,659,926
943,839
Prov.
*
28,888,204
889,312
31,911,747
-
"
^
503,420,117
"137;
Int. and other charges—
-below.
'
*' ■'
before de
income
ducting
-
$
n
-303,167,479 265,894,674-598,744,125
hillings;
Net
Total
v
0tuart &. Cok Inc. ins, sole tinder,writer) on - July; 28 offered $5,000,000-first and general niortgage bonds, series
■
hand and in bank?, $1,359,356;' investments. in
at cost, $423,212; accounts and bills receivable
tdoubtfut"',accourits)1 $3,380,728;* inventorie , ,$1J 780,440;
prepaid expenses, $509,990; refundable portion of, excess
profits
tax, $1,343,853;
investments in allied companies, at cost,
$4,808,636;
deferred charges,'.'$269,476; " land," buildings,' plant and
equipment (less reserves for depreciation of $8,565,315), $32,543,278;
containers—U. S. A.'on hand'or in hands of customers m less allow¬
ance fpr..depreciation), $1,797,025; sundry properties-and lnvestments,
$956,042; premium paid on purchase of. subsidiary' companies' share?
(less amountsVwxitten off); $3/703,821; total, $84,875,857.
1947.—V.
15,
declared
have
quarterly
Central
Tf
reserve' for
directors
regular
Aug.
government sales and excise taxes of $6,088,139 and $5,620,three months of 1948 and 1947,'. respectively; and $12,-
IT." S.
:Bethlehem Steel Corp. <& Subs.)—EarningsPeriod End. June'30—
1948—3 Mos.—1947
.1948r-6 MoS.^-1947
share cash payments
$1, per share and
share on the common
fctock.-both payable Aug. 14 tcr holders of record Aug.-5:: This brings
total payments for the iiscal year ending Aug. 31 to $2, the same as
tin tiie -preceding year; "A" similar ..extra(:distribution; Was made on.1
The
267,374
5,174
124,906
def.39,967
Declares $1 Extra Distribution—
counts
.
Aug. 3 by delivery of
certificates for the pre-
stock^oljexacoompanied by. the $5
v
7i
LIABILITIES—Bank loans and -overdrafts, secured, $4,687,285; acpayable and accrued liabilities, $4,574,538; income taxes (less
tax. notes,
$409,600),- $l,598,799; " 4V2%
note' payable. due
Nov. 30,
1949, secured, $5,000,Q00>; funded debt, $14;757,46t; reserve
for loss on demolition and!disposal of equipment in connection .with
i
common
Central Soya Co., Inc.—Partial Redemption—
k ;
/
The company has called for redemption on Sept. 1, next, $77,000
of its outstanding 3%
sinking fund debentures at 100.
Payment*will
be made*at
The Chace -National 'B<»nk *of
the City of 4New
York,
trustee, 11 Bread St., New York: N. Y.
rk \
,
$2,083,721
>, 737.252,
'
From-Jan! 1*-
$5,589,503
208,543 ia- 414,273
^CONSOLIDATED BALANCE SHEET,- APRIL ^0," 1948
(less
voting trust
value, and for
.
per
^ASSETS-^CasF
«
par
'
certificates for series B
stock, of no par,. '
in
contracts
on
the
for
i!1*
-fj,
.
$3,289,095
559,504
outstdg.—
com.
marketable
June—
332,655
-
shs.
30.
be
made on issuance of the series B preferred stock, in lieu of
equivalent to preferential dividends at the rate -of $5 per share
in respect of the year 1945.
All transactions in the preferred stock
made beginning Juiy 30, *1943.-snail be *ex-amdend tne aforementioned
$5 per share payment.—V. 168, p. 342.
X.kkkk
'ki •
'528,634'and $H,297,331^for the six months of 1948"and;.1947; respoctiveiy, ' . '<
^'7 ' .v7>'"''•-/;■■■ ■ ■ <
RR.—Earnings—
Bessemer & Lake Erie
123,152
interest
per
"After
753
The corporation has refunded^ $13,415,53? to -the government on re¬
negotiation of contracts, for the fiscal year ended Sept. 30,
1945.v
After tax credit? the corporation paid $12,395,349 on June ll-rr-Y..: J.68. ^
-
251,468
247,557
profits
Common
Earns,
CorpJ—Refund to Government—
Bendix Aviation
Net
.
,'
to
$6,424,103,
applicable to
prorit
minority
<
Philadelphia—Files With SEC—
filed a letter of notification with the SEC
common stock. Underwriter, Stroud & CO."
Belmont Iron Works,
*
for
Prov.
Exchange
ferred
6,217,402-
7,783,663
$5,466,351
$2,372,204
—
1948.,
dealt in
July
on
continue
boqds
and
34,172
depreciationFed. inc. tax.
bond
$1,000
per
4'/a%
the
being
3,155,679
-
$45
.
that
kk-■':k: k''
■
valu\. "when issued," shall also be settled
votingV-tnjst certificates, the voting trust
9,866,909
13,978,420
4,731,510
$3,037,627
deductions-
for
Prov.
•<
3,919,818
income-
Income,
-
,
$2,338,032
op'e r
from
t' '
194$-L6 Mqs^194? ';
gen.
exps
income-
Total
1, 1958,
101V* and
Co., trustee,
-bonds due Oct.
5%
mortgage
first
called
been
have
X
Corp.—Calls Bonds—
Hydro-Electric
Falls
outstanding
the
7,091,641
delivery,
admin,
;
1 $13,349,492 $10,924,816 $27,228,434 $22,508,414
—
sold
goods
Selling,
p
Other
Bellows
1
sales
of
The
of
payments
directed
t
;
preferred stock, of $100
rSuhs:)—Earnings^'
1948—3 Mo?.—19.47
current liabilities is
f-arrangements. Present ratio of current! assets to
about 2.63 to J.—V. 167, p. "542.
\
All -of
k.k//'i■ f:
Cost
the
ex
Exchange
"flat."
Canadian Breweries Ltd. ;(<&
Period End. April 30--
The
■
Co. of New York below.—V. 168, p. 247.
.See Mutual Life Insurance
3
became
Ale, Inc.- -Sells Then Leases Back
Canada Dry Ginger
Aircraft Corp.—Pays Off Debt—
Beech
The
Mondays August 2,; 1948
COMMERCIAL & FINANCIAL CHRONICLE
THE
(438)
2
that
the
such
of
company
is
also offering
to
common
and
pre-
July 21 the privilege of subscribing for
shares offered at the same price, 'tb the
may
be ayailable and subject to allocation.'
record
326,-700
shares
The
subscription rights and privileges expire at 3 P. M. on Aug. 4,
lfP48.Unsubscribed shares, if- any,- will be purchased by! an under¬
writing group headed bv Coffin & Burr, Inc., and associates.1 \*
)
Registrar, 01d Colony Trust Co., Boston, Mass.' Tran'sfer 4 agent,
Inc.,, Augusta, Me.
Nepsco Services,
Subscriptions may be made 'at the office of "Old Colony Trus^ ^°*»
agent, 45 Milk St., Boston 6, Mass., at or before 3 P. M.
Aug. 4; 1948.
New England Public Service Co.,
which owns approximately^ 35.5%
of the presently outstanding shares of common stock, has indicated its
warrant
(EDST)
(Continued
on
page
10)
*5;
Place; New York '8, N. Y., REctof, 2-9570.
Herbert'D. Seibert,, Editor and Publisher;
(general news and advertising issue) with a statistical issue on Monday].
Other
c/o Edwards & Smith.
Copyright ,1948 by William, B. Dana; Company. Reentered*
Subscriptions in United States, U. S. Possessions, Territories and Members of Pan'
aad'-advettisementa must-ba made, in .New Yorkfuhds.*,
,
•
**
-
;
;
Volume
168
THE' COMMERCIAL
Number 4721
&
FINANCIAL
CHRONICLE
The Capital Flotations in the United States
(439)
During the Month of June
And for the Six Months of the Calendar Year 1948
Corporate emissions for June footed
the
up $624,203,944,
largest monthly total this year,: being ex¬
the month of March when the total aggre¬
second
ceeded
by
.
gated
$691,647,936'.
The June figures compare with
$378,169,624 for May,, 1948, and $732,416,105 for June,
1947. Of the month's total $595,307,115, or 95.4%, repre¬
sented new money financing and $28,896,829, or 4.6%,
refunding.
Thus, the trend of financing held to the
same
pattern for the 22d month, showing new money
greater than refunding1 operations, with the exception
of May, 1947.
The
principal
issues for the month
in corporate
financing, we give below a tabulation show¬
ing the monthly totals for this year to date.
Month—
Illinois
:
Dated
Amount
Jan
2
90
day Treas.
bills
1,303,405,000
1,301,348,000
2,057,000
Jan
8
91
day Treas.
bills
1,305,222,000
1,303,754,000
1,46}.,000
Jan
15
91
day
Treas.
bills
1,003,366,000
1,003,366,004
bills
1,002,890,000
1,002,890,000
day Treas. bills
CtfS. of indebt.---
1,001,464,000
1,001,464,000
2,590,718,000
2,590,718,000
22
9i
29
91
Treas.
auy
Total
Jan
1
23.9
Jan
1
Savings bds.
770,153,343
21.5
Jan
Depositary bonds,_
9,824,000
9,824,000
Jan
Tax
143,294,800
,143,294,800
i,' 45
40.4
306,148,750
45
____
281,117,000
36
50.2
—
164,285,000
15
4.4.7
____
January
Total
Feb
cumulative; preference stock; $28,000,000 Southern
Natural Gas Co. 1st mtge. pipe litte bonds 3% series, due
1968; $25,000,000'Pacific Gas & Electric Co. (1,000,000
be necessary, particularly as additional private
financing is brought to light.
State and municipal financing
during June reached the
shares, par $25) 5% redeemable first preferred -stock;
$25,000,000 Tennessee Gas Transmission Co. 37/s% debenr
tures, due
1966;! $20,545,000 Consumers Power
Co.
(200,000 shares) $4.52- cumulative- preferred stock, and
grand
ures may
aggregate of $285,904,613, compared with $190,11-3,216 for May and $216,822,024- for June 1947.
The
Jtjne 1948 figures
surpassed by that of March when
were
U.
S.:
Antic'n
notes.
770,153.343
44.2
Below we present a tabulation of figures since Janu¬
ary, 1946, showing* the different monthly amounts, of
.corporate financing. Revisions of the 1947 and 1948 fig¬
$4
for
5
January
9,130,337,143
91
day Treas.
Feb 13v 90 day Treas.
Feb 19
91 day
bills
Feb 26
91
Feb
1
Ctfs.
Feb
1
8,203,540,000
926.797.143
903,224.000
903,224,000
1,000,348,000
——
bills
bills ; 1,000,348,000
Treas.
1,000,528,000
1,105,989,000
1,000,528,000
1,105,989,000
indebt.__i
2,189,290,000
2,189,290,000
Ui 8. Savings. bdS.
607*303,811
day Treas. bills
of
Feb
Depositary bonds__
Feb
Tax Antic'n
Total
Mar
for
6.918,347.411
91
day
Mar 18
91
6,199,379,000
1,101,402,000
daj( Treas. [bills
Treas.
111,122,600
bills
1,101,030,000
1
Ctfs.
of<
indebt.
897,772,200
1
CtfS.
of
indebt....
961,646,800,.:
Mar
Corporate
—r-1948—t-—
New
-J
$
$
$•.
by
months
'
1
■
—
Total
Refunding
Capital
figures
i»48,
1947 and 1946
—1!947
-New Capital
'
—
Refunding
1
U.
Total
New Capital
I
*
1,687,554,000
S.
$£
$•
$
367,439,374
^•260,909,469
103,335,204
364; 744",693
134,670,053
119,204,001
14,091,518
559,972,304
180.343,822
30,923,566
211,267,388
47,616,401
271,362,410
318,978,811
594,606,395
97,041,541'
691,647,936
310,723,947
139,824,303
450,548,250
129,503,023
307,169,645
436,672,668
Tax: Antic'n
120,185,400
________
364,849,374
February
March
,
-
Total
Apr
Apr
for
1
March
8,575,191,759
7.865,291,000
bills
1,200,262,000
1,200,262,000
day Treas. bills
91 day Treas.
1,505,336,557
113,723,057 1,619,059,614
751,977,258'
274,583,073 1,026,560,331
311,789,477
697,736,056 1,009,525,533
8
91
Apr 15
91
day Treas. bills
1,205,442,000
1,006,487,000
Apr 22
First quarter
91
day Treas. bills
1,001,226,000
1,205,442,000
1,003,266,000
1,001,226,000
Apr 29
91 day Treas. bills
1,005,649,000
562,425,792
374,080,874'
_
June
612,638,292
4;088,750
378,169,624-
595,307,115
May
50,212.506
1,054,456,000
468,380,845
;v 847,000
28,896,8291
1,054,456,000
1
Ctfs.
Apr
1
U; S. Savings bds;
376,314,120
78,814,460
454,528;580
289,889,643
392,762,791
682,652,43#
Apr
211.666,667
319,497,872
531,164,539
188,633,528
671,103,991
859,737,519
Apr
624,203,944
518,608,778
213,807,327
732,416,105
314,559,864
350,651,431
Six
quarter.™..'
months
l",615,dl 1,860
1,106,589,565
611,519,659
1,718,109;224
1,858,566,8-23
886,102,732 2,744,669,555
' 83;l;98,079
3,037,150,338
..
indebt.™
*
Tax Antic'n notes.
•
'
793,083,035 1,414,518,213 2,207,601,248
1,104,872,512 2,112,254,269 3,217,126,781,
for
April
6,466,116,000
605,447,94*
903,194,000
2,256,600
91
day Treas. bills
1,005,625.000
1,000,200,000
91
day Treas. bills
1,003,841,000
1,000,528,000
5,425,600
3,313,C0C>
1,107,810,000
1,106,189,000
May 20
606,543,042
369,051,533
451,493,579
820,545,112
August
156,800,417
147,461,407
304,261,824
367,632,081
104,757,061
472,389,142
May
September
258,357,364
122.J.87,231
380,544,595
171,098,753
146,341,925
317,440,678
898,474,568
392,874,893
1^291,349,461
907,762,367
702,592,565
1,610,374,932
2.757,041,391
1,278,977,625
-
v
f
months
__™__i
1
■■
' ',1
,
f. 1
432,148,487
November
1
75,922,920
!*~
84,068,960
83,126,999
270,684,761
554,347,159
926,167,815
—I
!—
—•
for
3
notes.
141,904,300
May
91
day
1,322,000
141,904,300
v
4,598,100,787
Treas.
4,010,111,000
1,100,707,000
bills
1,100,707,000
1,009,294,814
73,166,350
589,877,742
10
91
day
Treas.
bills
1,104,507,000
17
91
day Treas.
bills
$Un 24
91
day
J', 103,220,000
1,005,745,p00
343,853,111
1^)05,745,000
2,683,038,000
2,683,038,000
1,617,531,000
1,617,531,000
Ctfs.
bills
of'" indebt._'_il
Jun
1
Ctfs.
of
Jun
1
U.
86;315,940
676,193,682
804,521,175
1
Treas.
indebt
S.
Savings-bds".
Depositary bonds_4
Tax
Jun
"3,437,000-
103,220,000
496,624,730
183,392,000
Jun
113,297,492
691,223,683
587,989,707
1,101,010,000
vun
Jun
t''-
f
674,870,543
470,278,199
;
December
I
i .
2,012,654,879 2,814,846,834 4,827,501,713
1
598,947,623
Total
1,621,000
432,148,487
-
1,322,000
"Jun
».i ■Vi" '
^
i
.
4,086,019,018
i
October
Tax Antic'n
Jun
847,000
128,814,100
905,450.000
Treas.
123,226,255
Nine
468,380,84;,
7,071,563,945
91 day
.
L.
4,T8~5,fiec»
bills
May 6
May 13
483,316,787
July
________
128,814,100
May 27', 91 day Treas. bills
May 1
U. S. Savings bds.
May
Depositary bonds.
Third quarter
3,221,C0(»
.
665,211,295-
196,921,136 3,234,017,47*
1,531,813,781
of
Depositary bonds
Total
Second
709.900,75f»
1,001,464,000
Apr
April
588,136,35S>
1,579,000
120,185,^0
1,579,000
notes.
253,874,054
545,880,788
588,136,359.
Mar
Total
Refunding
2,590,000
January
897,772,200
961,646,800
Savings bds.
Depositary bonds
Mar
—t!94G——
—
*
1,107,232,000
1,003,654,000
1,687,554,000
1'
Mar 25
718,968.411
1,101,030,000
1,107,232,000
1J)08,654,000
day Treas. bills
91 day Treas. billi
Ctfs. Ob indebt.
Mar
effected.
was
%
1,101,402,000
Mar
the sale of New York and Ohio bonus issues
542,000
iL
111,122,600
,
February..
91
Mar 11
—
607,303,811
542,000
.
notes.
4
'Mar
summary of
$
$
26
247,630,000
February
Telephone Co. 1st mtge. 3%
bonds, due 1978; $57,382,600 Consolidated Edison Co. of
New York, Inc., 3% convertible debentures^ due 1963;
$30,000,000 C.I.T. Financial Corp. (300,000 no par shares)
New
Indebtedness
Refunding
.
30
:
March
«y:
•
Accepted
81,225,000
...—
April
Bell
Issues
FUNDS
$ '•*• V:'
Ian
% of
OF
.
Total Amount
$149,#60,000
__™i
June:
May
New York Telephone Co. ref. mtge. 3% bonds, due 1981;
$60,000,000
USE
Type of
Security
mn
No. of
$90,000,000
were:
$14,000,000 Kansas City Southern Ry. 1st mtge. 3%%
bonds, due 1968.
Private placements for the month of June aggregated
$149,660,000. As such placements play an important role
notesi
Antic'n
496,624,736
1,561,000
:
1,561,000
183.392,000
I
Fourth
Total
quarter..
1,995,393,637
243,118,879 2,238,512;516
4,752,435,028
1,522,096,504 6,274,531,532
1,551,786,166
272,781,782
for
Total
Twelve months.
June
9,296,325,730
1,824,567,968
for
six
pionths____
45,589,866,775
8,611,251,000
685,074,736
41,355,688,000
4,234,178,775
3,564,441,065 3,087,628,616 6,652,069,681
tRevised.
♦INTRA-GOVERNMENT
FINANCING
Issued
Retired
Net
Issue*
January—
Date
Treasury Financing in June
Amount
Offered
The Treasury on May 28 annoUhced
Due
Amount
Applied for
Certificates
Price
Accepted
$
in subscriptions Were received and accepted to the offer¬
ing of Series E-4949 one-year lVs%- Treasury Certificates
Yield
$
27
91 days
1,632,292,000
1,101 402,000
99.748
♦0.997
5
Mar 11
91
days
1,796,385,000
1,101 030,000
99:748
*0.997:
Mar 18
91 days
1,935,941,000
1,107 232,000
99.748
*0.996
Mar 25
99.748
*0.996
91days
1,818,856,000
1,008, 654,000
Feb
18
Mar
l
1 year
18
Mar
1
1 year
1,687,554,000
897,772,000
1,687, 554,000 100
Feb
18
Mar
1
Feb
897 772,200
1 year
961,646,800
10-12 yrs.
588,136,359
588, 136,359
Mai-
12 years
1,579,000
Mar 1-31 Mar
Total
for
Series H-1948, all maturing
above
STATES
the
15,000,000
Notes
90,425,000
120, 185,400 100
b
120,185,400
March.
Date
Dated
'Due
FINANCING
Applied for
s
Department
1,983,758,000
1,200,262 000
99.748
DURING
days
1,793,333,000
1,205,442 000
99.748
*0.997
9
Apr
15
91 days
1,474,034,000
1,006,487 000
99.748
16
Apr
22
91
1,691,144,000
1,001,226 ,000
99.748
*0.997
1,655,442,p00
1,054,453,000
99.748
♦0.997
1,054,456 ,000
100
468,380,845
468,380, 845
a
Apr
Apr
Total
Apr
29,
30
for
days
91 days.
,
1 year
1
10-12 yrs.
1
1,005,649 ,000
l'/s
12 years
847,000
847 ,000
100
Accepted
Price
2 years
128,814,100
128,814 100
100
b
April
May
'
6
days
1,491,549,000
905,450,000
99 748
.Mgy 13
91 days
1,474,243,000
1,005,625,000
99.748
1,635,902,000
1,303, 405.000
99.762
1,642,667,000
1,305, 222,000
99i760
*0.950
9
Jan
15
91 days
1,447,250,000
1,003, 366,000
99;753
*0.976
*0.997
432,148,487
1,002, 890,000
May 25
Jun
4
Jun
10
91
Jan
22
91 days?
1,539,292,000
99.752
*0.981
Jurt
11
Jan
29
91 days
Jun
1
j 1 year
1,546,942,000 1 1,001, 464,000
99(750
2,590,718,000
2,590, 718,000 100
*0.990
Jan
Jan
Jan
12 years
.9,824,000
lr31 Jan
2 yeais
143,294,800
770,153,343
Jinf
17
91 days
Jun
24*
91
days
.
.
30
Feb
5
1
1 year
Jun
1
1 year
2,683 038,000
1,61(7 531,000
1' 10-12 yrs.
496, 624,730
a
a
May 13
9, 824,000
100
2
Juii 1-30 Jun
143, 294,800
100
b
Jun l-so Jun
Feb
6
Feb
13
Feb
13
Feb
9,130,337,143
91
days
90 days
1
19
91 days
Feb
17
Feb
26
91
-Jan
^
«•
20
Feb
1
Feb 1-29 Feb
i 903,22-5,000
1,524,512.000
1,000,348,000
1,000,528,000
99.748
99.748
1,460,777,000
1,537,578,000
1,105,989,000
2,189,290,000 1Q0
yrs.
607,303,811
12 years
Feb 1-29 Feb
2 years
-■'V:
0. v i542,000
f 11 '
' '
607,3Q3,81t:
*
♦0.996
!
February.
*0.997
*0.998
1,103,220,000
1,005.745,000
99.748
*0.998
99.748
2,683,038,000
*0.998
100
V/a
1,617,531,000 100
436,624,730
a
lVa
183, 392,000
for
six
months.
sales
+689.394,000
19,366,L'56,000
18,110,653,000
of special series certificates? and
Federal
to
Service
Old
888,550,000
1,256,203,000
Foreign
Fund,
notes;
certificate?,
Fund and Unemployed Trust Fundi
Age and Survivors
Retirement
Insurance
Service
Trust
Account.
Retirement
Canal Zone Retirement Fund, Alaska Railroad Retirement Fund,
Savings
Life
System,
Insurance
Federal
Government
Fund,
Savings
and
Life
Federal
Lpan
Insurance
Deposit
Insurance
Fund,
Insurance
National
F'and,
Postal."
Service
Corporation,
Corporation.
fNet
retired.
'
(Continued
a
100
b
on
5)
page
2
183,392,000 100
1,561,000
6,918,347,411
...L
•
9,296,325,730
In the
'____
45,589,866,775
f;
2
>
_
r
It
I.
Average rate?
rate
series; of
sold
gre
have
"
comprehensive tables on the fol¬
we compare the June and
the six months' figures with those for
lowing?
on
a
bank discount basj.s.
which series
E
have
*' Comprised of three sepa¬
10-year
maturity,
discount basis at 75, and yield 2.90%; series F have
a
a ; /
542,000 100
111,122,600 100
*0.997
IV*
>
•
*
I-
for
99.748
*0.994'
99.751
2,189,290,000
Feb 1-29 Feb
Total
Total
and notes
99.748
1 561,000
2 years
Total for six months
99.750 r *0.990
days
_
12 years
*
Jun
Total for Juae________
1,769,487,000
1 year
4 10-12
1.577,950,000
2.424,388,000
i
Total for January..
Jan
15,282,550, COO
sold to Adjusted Service Certificates
1,100,707,000
1,468 036,000
Jun
Jun 1-30
i
121,550,000
May
♦Comprise
b
1,104,507,000
1,653 007,000
IS
770, 153,343
!
1,704 334,000
1,562 021,000
days
days
May 13
lVa
for
18,595,494,000 17,706,938,000
Civil
91
13
-
2
100
4,598,100.787
3
Dec
Jan. 1-31
Total
a
141,904,300
for May
Jun
Jan 23
Jan 1-31
.
a
1,322,000 100
1,322,000
141,504,300
Jan
b"
1,727.980.000
2 years
v
;
1
12 years
^
r
59,025,000
Certificates
*0.997
99.748
10-12 yrs.
1,003,841,000
1,107 810,000
432,148,487
99.748
May 27
91 days
91 davs
♦0.952
1,914,793,000
r
12,450,000
180,575,000
May—
*0.998
May 20
Total
90 days
91 days
Jan
124,000.000
58,025,000
April
*0.998
7
$
2
8
for
June—
7,071.563,945
91
May 1-31 May
Yield
Jan
;
1,000,000
55,575,000
Total
Notes'
2
May 1-31 May
Amount
-
Jan
10-12 yrs.
t70,523.00C
.
a
23,
May 1-31 May
2
1
156,755,000
125,000,000
*0.998
Apr 1-30 Apr
ID IK
Jan
irh
tl9,523,00e
86,232,000
-
*0.996
91
May 14
26
19
t51,000.000'
105,755,000
16,860,500,000
91 days
8
Mar 22
in
Dec
.
25,360,000*
51,000,000
March
Notes
1
Apr 1-30 Apr
Apr 1-30 Apr
Jan
/W'
80,065,000
"
April—
8,575,191,759
Apr
Apr
July 1, 1948:
Treasury
Amount
Oflered
61,360,000
105,425,000
86,~232"6()0
for
29,065,000
1,734,994,000
2 years.
Apr
usual tabulation:
TREASURY
t36,000,00c
Certificates
Mav 21
UNITED
our
51,000,000
March—
lVa
Apr
May
present
98,591.000-
2
Apr
Treasury bills, Savings Bonds, Tax Administration Notes
and Depositary Bonds.
now
5,741,001-
43,680,000
a
'
a
579,000
2
June confined its operations to the usual
weekly sale of
We
t
100
1
Apr
Secretary of the Treasury on June 21, invitedsubscriptions at par to 1V8 % Treasury Certificates of In¬
debtedness of Sei'ies F-1949, in exchange for Treasury
Certificates of Indebtedness of Series F-1948, Series G-
the
February
Certificates
The
of
92,850,CCC
43.530,000
1
Mar 25
Outside
192,669,000
150,000
142,271,000
January
for
Total
the amount of $3,061,851,500.
or
for
29.000.00C
February-
Total
lVa
961, 646,800 100
Mai-
1-31
Total
lVa
«
100
Mar 1-31
Mar
64,190,000
93,000,000
Notes'
Mar 19
163,669,C0C
256.859,000
Certificates
4
22,190,000
49,271,000
Feb
Mar
42,000,000
185,859,000
;
Mar 12
exchange par for par to hold¬
ers of
Treasury Certificates of Indebtedness of Series E1948 in the amount qf $1,777,142,000, which matured: on
June 1, and $2,683,038,000 was received and accepted for'
the offering of Treasury Certificates of Indebtedness of
Series E-1949 in exchange par for par to holders of
Treasury Bonds of 1948 which matured on June 15, in
71,000,000
Nates
%
Mar
of Indebtedness offered in
1948
Dated
tl^at $1,617,531,000
•
a
on
a
12-year
—<■
C-1947,
*
discount
basis,
maturity,
are
at
74,
sold
and yield
at
100,
C-1948," -C-1949 and C-1950.
are
bear
and
2 >/2%
r\*
Series C
sold
on
aj
12-year maturity,-
2.53%;
and
'y-io
a
series
g
interest.
tov
the
corresponding periods
years
year
pages
preceding,
comparison.
thus
(■fi'intj-
in the four
affording
,y. -fevk
earnings about -1.07%.
■
a
five
and
I
O
H
o
>■
o
S
C
s:
to
Total
87.580 I75oclo6 6,092,091 26,50
s
Total
87,150 31,45 08 240, 69
Rtiundi g 76,905 2,761,908 5,20, 0
12,4069
Capitl 10,5670 i,5"o7 6 3,50,•783 21,0 0
36, 823 4,1250 2,98 0 63,506 91
85,0248 83,025 0 8,47120 176,438 0
$
-134
*
New
v
4
Total
532,125
4«* .79,065 2,^0.30
'•
50 ,0 0
3,720, 0
NCaepiwtl $
Total
40 ,0 592,125
360. 0
New-Capitl
80,5 30 30,1 0 7,92,50
5,876
*7r•"-■'r4Tvf
1,0 ,0 31,567 0
$
Capitl
12,4069
30 ,0
85,02408
29,462750 ~50 76 5 3283/715] 36,9823
"•
1,7 5,83 4,830,783 3,720, 0
1,50 , 0
1,29 ,125
2,872,45
170,30
31,50 0 48,79215 i,4~75 0
80,30 1,50,0
30 ,0 0
1,8 0,3 0
170,30
31,50 0 47,80 0 145760 : : : : '430,58 30
9 2,125
80,30
:*-',• 4
*
•
'r
360, 0
$
1,64 08 13,0 0
9 2,125
•
"a,•v.;
2467,,3540750 .-vZ
30, 0
50 ,0
41,2685 13,0 0 30,0 2,71583
3,14,950
1,475,0
$
2,761,908 36,04 0 23,980
2,761,908
*
Refundi g 3o,~T 6o 47,50 0 I,Tl5~6 6
-1945
8,0 ,0 42,56 790
1,352,15
u
1,7 5,83 7,59261 39,760 23,980
82,405
$
.
Refundig 78,05 0 1.8 0730
-1945
Refundi g 36,04 0 23,980 8,902,50 13,0 0 30 ,0
-194
81,937;425 38,01 0 50,38290
-
39,760 ,23980 35,20. 13,0 .0 30 ,0 50 ,0 0 1,0 ,0 13,80
$
81,937425
9 2,125 36~O76O
1,352,1 5
New
:-
50 .0
38,4120 126,4 125 135t8i,170 19,50 0
-1946 Refundi g 26 ,359 7 47,1045 6 17,08 5 0 19,50 0
170,35
65,21 95 49,7250 124,5612
350,6143 40,580 16,203
Total
=
$
.
—
Total
84130*593781,,1^,53842704,706
Refundig 26,0 0 124.80, 31,26375 10, 0
-1946
YEARS Devlopmnt.
• '*" .
1,872,0 2,061,0
$
90,0 0
54,09130 16,7950 1,807931 89,36457 1,5 4,0 5,0,0 IZ Z Z Z 83,26 40 261,79 25 3,40 209,31 90 16,7950 1IZ8093I 15,264.57 10,540 4.890. 0 5,0,0 I.872Z0O 129,463 0
50 ,0 0
50 ,0
3,40 15,30 61,40 0 10, 0 4,80,0 1,872,0 46,20 0
$
;
'
:
8,697,425 64,792056 26,0 0 15,0 0
30,25 0 25,84 631
56,97106 10, 0 1.8720 10,75842
65,21.9
FfRUBGelFntcotavefhrsrodbSamuimgatukndicpye.ldyes SITMUOJTFYSNCNUOEAHIHRNAVPEERREDAWS 42'100,9343768<48569,35,701,092517
FJOFMFLTUIINUGVAOFAHNOVRCEREREPNMDIGGLNT,
Capitl 17,0523 J'j.uOt 7,619 17,69 20
314,59864 9,1450 108,35 2
79,30
New
To.al
i
-OU.I
$
60.43j0 109,3860 2,<j68305
Capitl
New
Total
732,41605 38,0 0 53,680 216,8 024 1,049812
4
*
»
.;
$
7,340 30.5,
4
J
'■
$
.v
50 ,0
,480
il 30,2765 4,1390, -t „;:z. ^
i-1
(i
<
if
•
.W
28,5 0 47,50 *'50*,0l0 37,80 . 3,0 ,0 7,250, 0 46,0 •0; $■.y—v7„ T4"<":.
"
518,6078 15,2 0 214,389 748,127
Capitl 28,5 0 3021,403 50,0 34,20 6,0 ,0 4,58340
Total
624,0394 5,1 0 285,904613 965,2357
Total ix-85,67$ 0o 328,4 60 Z Z Zf 1,50 41,730 i
435
New
$
46,056 106735180 42,654 1,20
28,9682 34,01 0 2,987,312 65,8941
Reiund. g 28,o6g23
CORPATE,
Capitl 435,0871 10b7i35,8C0 42,654 1,20 0
$
SOUMFARY
r*
59,30715 21,450 28,91730 89,3641
New
obtained
f't
Refundig _*JU 156, 0 -Zj—+» z Szi z 3,150, 0 3,60,g0 1,250, 0
-197
v
*
•
i-.Z.:Li
1,416,
—LI.
•
4
»ac
000
4
'
:
5227,8,96,24001177
10 ,0 0 10 ,0 0
$
*•
—
f
New
J
S
-1)48
50,98 05 747,928
24,159 0 13,87 105 28,5 0 53,6742 560, 0 8,36905 3,74,928 7,250, 0 70,259 0
15,78627
.
4,9 5,0 48,379 27
m
Capitl 01,40 *10,0 60,920*3 2,56305
$
60,0 0
10 ,0 0 10 ,0 0
*
213,8072 38,0 0 38,450 2.473,61 29,735 8 "*
$
JL-
4
Rtxund.g 165,42760 48739,27
-1947
90,0 0
23,841390 16,7950 1,80931 63,519 43 1,54,0 5,0,0 74,56 975 197,0 239 7,340, 0 54,31 90 16,7950 1480,931 94,23568 1,54,0 4,890. 5,0,0 18,70495
50 ,0 0
Z
~0 3
'»
■
_ i.
:^17,925o0
.
■I.
r'
75,62734
2ZIII
f
%
,
OGARNUFPIDN 248,96175,60 723123,4,8106705
Refundig 28,703^29
$
-1948
CHAR TE
60,0 0
35,20423 74 ,928
26,13670 4,20, 0
X
i
10,80
19,2490 83,49738 28,5 0 349,8712 560, 0 69,40 23 74,928 6,0 0 63,89 30
10,80
42,106540 148,59 34 85,67 0 40,5934 1,50,0 68,36 70 4,20. 30 .0 0 60,31540
187,50
30 ,0
Capitl 85,670 29,7321 1,50,0 41,58 0
$
New
28,70932
518,6078 75,62734 26,13670 4,20, 0
17,9250 46,708 1
10,80
6,3160
184,2710 18,90627 3,0 ,0 1,250
42,106540 148,5934 85,67 0 375, 065 1,50,0 68,19 70 4,20
73241152530.1,,8860.669084075
624,039
187,50
28,96.829
10,80 30 ,0 0
*7
0,31540 59,30715
. anoteds . naoteds notes governmt, acies&t., . ifnucldse Notes- etc manufctrig. — hoeldticng., Notes- 4"'r: etc. manufctrig. —hoeldticng., etc" ; manufctrig- hoeldticng., etc.' manufctrig- hoeldticng,*—. *—
JOFUNE
OMJUONNFT,EH Prelstrocekd. stock. Prefstorcekd. stock Lbonoga-ntendrmdsShort-em
to■al fdignuoroest
Corp ate— ^Domestic Lboongn-tedrmsShort-em Can;diy—.,J Lbonogn-tedrms Short-em foreign- Prefstockd Comstocokn TocotrpaalteCGanvrndmiaent InBteraaniokn.l foreign LGeoaanvndt- •Municpal—Stes,SPotsaeeisn
B^Looanng-TdersmRailroadsZutiilues ccteoopl,'aelr,,Equmiapnumfetnt ;aacensodri indausntrdl bueiildtcn.gs, Itntrvraeusdtmsinng,,Miscelano.us SBhooratn-TdesmRailroads ut-il■es. sccotoepaellr,,,Eqmuanipufmtent aacensodri inadusntrdl bueiltdc.n—gs, Inttrvraeusdtmsinng,,M1iscelanous Total Stocks— Railroads utiles sccotoepall,,,Equmiapnumfcetrnets anod,ie indausntrdl ;J_ bueildtncg,s ShipingInttvrreaustdmsinng,,Miscelanous toal— R7ailroadsfutiles scctoeopaellr,,,Equmaipnumfetnt aacensodri indausntrdl bueildtcn.gs, Z' Inttvrreoastdimsinng,,Miscelanous csoercpuritate
^
Com on
Com on Other
Grand
Z,
t\~r_vf-t;
i
r
-•
"
,.
r-
■i.
Other Farm
..
United
&>*
,fi
V?'.
■
MONTH
.
•These
Total
Total
Public Iron, Motors Other Land, Rub er
Oil
Public Iron, Motors Other Land*
Ship ing
'
4
Public Iron, Motors Other Land, Rub er
Total
Oil
?
Public Iron, Motor,s Other* Land, Ruta^er Ship ing
4
Total
$
678,013 0 12,750 238,54730 36,45 39 52, 0
Total 145,3 0 294,8 0 57,40 0 97,50 0 53,40 19,2650 50 , 0 ; 62.15,0
1,08 6,59 f21,035 236,70 307,9503 20, 0
!
iv
,
750, 0
730,26 0 10, 0
12,750 30,79 452 17,692 10.38,90 4576-0,0 l.boK oi 275,03659 15.35,0 326,48 52 57,40 C 276. 972 63,58 90 19,2350 45,0 0 74.02,08
/.*1•'- "7'
2.0 ,0
*7":
'
.
*'v
-194
72,5829 21,0350 23,04 0 208,75640 7,290, 0
R'efundi g 52,06549 10,75 0 152,079 18"3,1 3,583 31,250
-194
Refundi g 12,04 0 29,63.0 50,4 0 37,81 94 19,2650
31,4650 56,31549 10, 0
13,0
s
-.
:
Total
1945
K
4,730, 0 98,251398 12,70
295,7364
$
New
90 ,0 0
$
1,72450,62 4,0 0 29,0295 65,23610 25,0 0
Capit l 3,0950 2,635,0 7,0 ,0 59,618 06 40,50, 0 "abobo 30,6490 173,94 508
Refundi g 1,493 52,9 4,0 0 173,5 60 12,30872 25,0 0
Total
90 ,0
$
1945
"Total
90 ,0 0
3,125,0 702,1890 437,801.29 67,0 0
$
1,904,0
7,50 , 0 7,942750
4,0 0 60,438 71 3,290, 0 5,0 0 182,706 18 35,0 0 1478"507926 567437 0 358, 9085 720, 180 763,8 471 3,890 5,bo76o 415.63,18 63.50, 0 3.57.0O 49,850926 9.-2370 86,573 0
3,21576
654,9230* i650,29 0 30,5 0 573 7/ 2 26,50972
$
13
•
I
£
»
4,32760 18,0 0
7,50 , 0 ~loiTo
Capit l :$v?. 35,91379 1.01,0 350.284,7 38.921, 5
90 ,0 0
Total
39 ,0 0
:•
32,2,117564869
7,841,0
New
■
,
Total
$
1,9652,60 63.925,0 493,806472 06,73596
10,273497
—1946
572,3810 617, 50 40, 0 12,5b76o 197,450 46,50 19,403 0 41, 450 is,"13275 84,21 50
2,50 , 0
Refundi g j1'f•c. j 51,9 0 584,62594 25,0 0 95,87 63 407,168.427 609, 0 50 ,0 0 9,2375o 20,3 627
125,0 0
50 ,0 0
2,064;0
14
3,1250
*2,140
50,0 0
7*
'
'
20,386.0 32,5 406 15„Q0O, 12,5076 10,6937 57,31573 4,80 0 40,9450 6:90. 0 63,90 873
436,0
127,30 1,24958,0 3,50,0 23*0,0 390,4 50 14,750 40,361,0 65,0 ,0 89,350
20 ,0 0
2751,986
——1947 Refundi g 24,30 0 52 ,76 42 3,0 ,0 50,286 95 3,945.0 32,71 0 23,0 . 0
20 ,0 0
73,4150 45,01860
Capitl
$
New
Total
2,7469,5 *82,10 13,bo 283,70 1,34758,42 52,0 ,0
65,08 0 14.253,01 1,52,08 I.b blso 24,69 156 31.0 ,90 360, 0 16,841206 4.9070 40,196048
5,028,301 1,452,08 4/762,50 12, 980 3,0 ,90 87350,926 287096,48
New
456,380 130,5830
1,0487251
•
80,30
4,0 0 5,410 7 1,837,920 "*237 50 60,576210 32,46910 6750,0 28,37 2 185,4 *2 65,0938 749,615 70 32, 7.920 "237 50 190,53982 32,46910 3,215.0 3,09720 4.3~ 276O 46,37.2
4,0 0
16241,,,4453922176618.092688?3037595.-/ 21|36,5106,1984759345.92830
FFTEASMJFLMYI3NNOUOUAHIDVARC0DRXRPNMGSL ftFGBirPatheomdrtoloapuvunmdngcnaelicvrispwcbulegdfeyssk.,U*fDoMvcma»'.-sy,ONCSFITMEJYFOS3UURONIEHPNVDAAF0WXRRAETSD
Refundi g 1,634 5281 2,14,0 351,824.1 43,87936 67,0 0
$
-1946
>
Capit l 65,08 0 9,25,0 10,0 102,569348 28,0 0 360,0 8.490,280 4,90,0 12,0 0
529,80. 584,20 16
94,05317 10,3890
80,30
s
-
?
1
8, 78 3
720,531 0 659,20 30,£Q,0 •■-_ 23,947120 28,0 0 3,57,0 35,0 0 9.23,0 30,1 0 1,74950,62 4,0 0
■is-:"
Refundi g
6,740, 52
19,80 58 3,095 0 9.37,452 7,0 ,0 15,61729 50,8 90 ~5ob7o6 39.527 3
•
40,2319 24,1950 218,409 26 5,0 ,0
New
2,0 ,0
■
1,746 514 17,3860 34,2150 27, 60
Capitl 231,5268 18^4527 53,1028
2,0 ,0
/• /,•
New
2,1584705 417,3860 358,410 46,135026 5,0 ,0
10,75 0 24,05 0 t38,1672 4570 .0 3.0267 5 15.92,801 12,04.0 317,063. 0 50.4 0 120.987620 13.0 ,0 19.2650 45.0 0 34.92 75
-
~
^
Capit l 152,947506 2.0 ,0 86,4802 3,4276 21,0 0
750, 0
;
$
37 ,50
304,81 42 25,90 58.451369 548.97V2 2855,0105 1,6 930 1,021,801 1,421 37 16,59430
812,718 60 ,0
117,24,8857052631
27319,57 2,69725 19,0582 40,8 .93 At•.
247,5861 5,62 0 12,5734
.
'•"77".
812.718
51,9 .0 28364.3505 30,625.0 218,49038 407.G8427 "0^,0 2,81957 1.50725 39,6849 2,1 5469
14
20,350 57.63251 425.9 467 24,1580 37.50 9,273 .1,028 9,15 12 142,5780 74,9 73 20,386.0 90,18.57 35.2,0 70,13265 523,0184 81,74 23 5.1750 50,24183 1,02.801 *6.051, 2 203,56 81
50 , 0
75,0 1,0 1,0
4,05 ,0
60,0 0
59,675,0 63,925,0 26,984.723 342,65.94326,39,673,20 , 0 m 2.0 .0 74,310,572 71,24905 127,30. 1,38 42,733,50 , 0 23,60, 073,256431 ,4367 43.561.0 65.0 ,0 2.0 .0 23, 5 72
,
.
*67
_
——
1.08,659
1/2",74,140759-26,•28.435178930.,6
572.3810 924,8642 65,90 76,"°457369 743,92 489.5180 5190,735 53.061430 1.021.801 27.5327 245,93180 3,217 31
"
1*40,87251.
2,7469,5
-
3,2 5,0
—1047 Refundi g 6 4,5 1 23 187, 625 190, 57
S
86,10273 83,0 0 186,50 20,4 63 29,0 0
31
398,0 0
Capit l 81,304968.27 60,9 0 306,920 175,4879
10,273497 1,85 6,823 82,1 0 30, 70 97,25"0 327,0 97 23,0 0
New
Total
$
2,54712,90
1,250, 0 314,98.53 04,527036 1,20 0
FGCOOVRREPERNIGMANT,T, Capitl 1,250.
SOUM FARY
-
Refundi g 185,63 279
$
-1948
New
Capit l
523,05 0 1,59 03, 1
4,150, 0
196,2136 31,80 17,864 73
40 ,0
5,0 0
3,24071
67239,40 5,043.52
-.
-
308,74213 290,48354 1,20 0
5,0 0
Total
553,,44661,89200972
3,071538 19,6250 1,58203,18 3,750 4,815634
*
Refundi g -5;42, 90 76,37129 6,50,0 18,407150 21,075 0 1,30 0 9,40, 0
-1948 $
*>
.!
9,853 17 218,306 9 24,30. 0 702,8961
.
3,0 ,0 78, 07 80 3,945,0 32,71 0 25,0 .0 708,930 15,403
•7
'
26
'>#;•
1,853.6,823
.
10 ,0 0
1, 50, 0 1,250, 0
21,186,53,064396827297
10,80
21,3827 10,738 0 147,9316 139, 6814 10, 0 89,41287 619,508 74 29,460 1,49860,37 47,238 0 10,bo-,0 59, 463 412,96.814 26,5480 14,30 0 10. 0 319,4728
4,7 0,736
5,945.605
596,516
1,28 57 42. 9,0 81,37 865 6,50,0 24,35275 21,075.0 1,30 0 10,8651
Capit l $. 257,10 1,2054 71 30, 0 io.b lo 429,60435 251, 0 14,9 0* 14,30 0 219,340 2,476 ,21
New
«8$;jO?,732
r-
60,0 0
56,40 60,9 0 83,61746 31,84 58 39 ,6 7 3,20,0 1,291,07 64,5725 492,08596 103,7 0 685, 3154 3,50,0 200,3600 658,4 63 127,98.67 10,85 0 40, 0 1,291,07 207,89526
4,05 ,0
$
29,460 1,27 81,40 36,50* 0 lo.bo 48,01 50 27,30 26,4 0 14,30 0 28,30
»-
'x
103,670 602,19408 3,50,0 2073 ,0 340,65380 10,850 7,650, 0 40, 0 86,798014
$
New
"
1
•
77-•'
708,930
,305 3,25,0 179,3297 28,4*1085
,
3,24.071
bStanyedsQMpulicobc CAGHRONRUPDTINE 10,. — _ — .— 1,250 216,587^0 3 —'- 14,9753 680 0 8.94,71 6025 257,1043 8:—10, 57683.21,495 0 ,09841 139,06,72538
—sIrMEJ3UONft0PTiS? boanotne.-'ds —* stock——-:%"iT.n.bonaotdess _—ri-—~-f\~?Pred'stock stock—-fJoreign—boananteds.—s- ——.- stock, stock—.-—:,'- corpate-.—:Gvnm Bank governmt—Gavcis,.&'♦Municptal—eSs,Posin-. —.-toal— ifnuocbltoadinsetelncPudroehs'vbigactff EJM3NUODNN0THES NBooantedss utiles.— ccoocpaerl,,manufts ceori inamdanuufsncttrirgi—d-l buildetc.n:—g-s, -'i*•—w httrroeaulddtsiicnn.g,, — ——: SBNhooogtretn-Tsde-sm utiles— eccotopa.l,,manufct—res oi-indamaunsnuftrcdtrlig beutci.l_dsni—g:s, _——tthrroeaulddtsicinn.g,, — utiles cceoopta—l,,manufctres— oi—indamuasnnutfrdctlrig bueildtnc—gs, tthrraouedldstiincng.g,,, ; -_2— i'i ——".utiles ccopoera,'tl.,manuf acesori inamdaunnusftrdctrlig -bueildtnc—g,s, — ——.httroraeuldtsicng.,,i-UMiscelanou-— *sceocrupritate
.
~fr
V
2,36147
^
P-^2B5',Sho i« refds'tock Candi—> Long-termshort-em -'"Comn Long-term" Com n 'Candian ^Interaionl .foreign fdi"g•Tuhoreess
?£^Long-term 5Com n Other Sh'3ort-em -Pref,d .♦ Ir.Total Loaannd S"tUaneitsed, .i,—Grand
•
-
-
Other
.v
^
?S/
.-1
>
.
".
"
.;
"
i.".'
*v.
■
'
:b
-.•J1
•
;Farm
f
"•
.
Long-Term ste,l,Equipment Maontodrs Other. Lands. 'rebuR. investmn Miscelanous Total; ste l, Equipment Maotnodrs
6
V
<
Public Iron,
4-.L
f.
,
Public Iron,
Other Land,
Ship ing Investmn
Miscelanous
— Stocks-
Total
—v-.r—
ste l, Equipment and
Public Iron, Motors Other Oil"— Land,
Investmn Miscelanous Total i,7 Railrods ste l, Equipment Motrs.and
Total—
7ir"
Public Iron,
Other Land,
Oil
Ruber.-
investm
Total
THE
(442)
a
Monday, August 2, -1948
CpMJ^ERCIAk & FINANC^^ C^HQNJCLi;
M'.'—
Municipal Financing tot Half Wear
the output for the month of March
083418; a {level jrjefliiniscentfc>f
i\*\
total
Long-term financing by States and municipalities ag¬
representing
gregated $1,599,903,001
$1,347,548,442 in 1947. The exceptionally large volume of
MUNICIPAL
OF
FIGURES
-1948-
New Capital
New
Total
Refunding
114,287,748
_.
BY
Capital
Total
$
97,481,574
31,179,000
<87,442,931
10,023,500
; 71,344,058
107,694,076
56,263,931
61,320,553
102,967,421
46,923,000
143,890,421
!'216,822,024
219,874,301
631,083,113
*■155,594,886
1,348,104
*■156,942,990
401,781,772
108.135,852
16,120,300
124,256,152
2,643,000
7,982,015
190,113,216
■106,288,433
11,405,043-
2,987,312
285,904,613
*■214,348,393
17,864,873
1,599,903,001
282,917,301
months
6
56,922,350
79,922,850
98,684,690 "
942,016
.
Total
'71,343,748
1,583,000
2,908,412
630,141,103
June
1,582,038,128
period of 1946.;
2,912,000
23,000,500
1,203,116
2a^,o4b.U16*
216,965,889
■
294,129,016
404,424,772
2,473,031
The 1948 total of issues placed through
private route amounted to 38"% of all corporate
■^financing and compares with 26.6% so placed in the half-
$
68,431,748
225,793,864
182,131,201
April
Refunding
Capital
New
Total
$
10.932.073
—
Jv£urch_
•compiling these figures separately in 1937. The figures
for the half-year .of 1948 compare with $730,602,200 for
the first six months of 1947 and $450,826,055 in the like
-1946-
Refunding
$
214,861,791.
115,984,763
1,697,015
-■
MONTHS
L_
February
•
bonus issues.
of veterans'
the
20,240,463 1,347,548,442
454.041,860
130,153,300
584,200,160
11,463,154
2,946,024
135.892,501
124,470,000
132,150,000
188.427,319
64,207,783
7,680,000
684,291
487,116
277,694,429
71,407,850
16,605,400
875,000
88,013,250
4:);150;000
>
,
of 1947.
••'r;r'C.r
year
;%
,
1,327,307,979
the Half Year
iOuir liebotd 6f security issues {{placed privately shows
!that 197 issues of jthis ichatacter, aggregating $1,230,065,750, were sold during ithe first six months of 1948.
This
lis .the second largest in total amount and also second
greatest in the number of issues involved in placements
of this nature for any six months' perio.d since we started
'a;
fh{e States
>due *to <the emissions "by
Ohio
1947
$
January
was
Below we present a tabulation of municipal financing
by {months since a anuary, .iU4b:
i
disposals in any six months' period, and compares with
SUMMARY
fdr! March
of New York and
of the largest
one
Private. Sales Vf■ Securities in
itKe rjpe.ftpd33r-emp^asl^3>--3b^
that
alone /reached $631,-*
(Continued trom page 3) "
"■
■
-rrv
.
Y'^
:
■-.r'-v'
'
•
Private sales, it might be well to explain, comprise
those securities issues not publicly offered but sold di¬
rectly by negotiation to a.relatively few large purchasers,
124,429,347
185,481,295
August_-___
}
277,207,313
September—--
113,646,598
4,793,014
118,439,612
_____
100,736,198
1,897,603
102,633,801
69,483,300
.1,979,000
99,440,095
2,021.813
101,461,908
119,479,064
50,271,318
71,465,300
169,750,382
months-
900,940,846
23,608,724
924,549,570
498,200,997
78,095,009
months
2,228,248,825
—
6
Total
12
.
■
.
"Revised
between
private and public issues in our
and does not include bank loans.
'208,253,309 1,160,496,166
952,242,857
.
mad6
flotations. It ought
rtiisunderstanding of
figures, that (the compilation is ortly of security issues
the
j
43,849,187 2,272,093,012,
is
-detailed compilation' of the capital
also to be made clear, to avoid any
576,296,006
JNovember
December
Total
tion
50,025,000
——
October
No distinc¬
^ordinarily insurance companies hnd ^batiks.
64,892,074
■
-
i
4
■'
''
Following is
1.
j
•
;4
/
list of all private issues which we have
a
figures.
.reported in the iirst, six month of ,1948 together with a
.
MARCH
Results for -the Half Year
•
of the figures for the past several years:
summary
-
.
"
Corporate
had
•
an
for 1946,
The ,1948 total is
$3,964,471,707
for
was
Of the
bonds and notes added
20,000,000 Interstate
and
against $711,214,905 a,
stock? totaled $619,508,574
as
Oil
1968
Of the total financing the largest share, $1,-
year ago.
with'$1,388,142,773
counted for
iii
$299,946,000
Railroads
1947.
for
15,000,000
ac¬
as
far
Southern
in
1927
when
$622,212,000
■
industrial and manufacturing totaled $595,954,636 and
In
the tabulation
below
|
show the volume of
we
due
i
Jan.
and
ISSUES—JAN.
Notes
1948
Stocks
JUNE
TO
$314,981,538
2,033,454,650
1,993,174,000
1,768,505,620
1944
I'rl43
corf
--
_
1945
206,735,936
2,733,997,058
702,108,990
292,202,925
437,801,291
65,236,160
3,133,084,281
2,125,944,705
238,547,300
36,456,359
965.7,66,659
27,962,393
16,406,288
604,185,000
97,045,908
13,680,330
40,000,000
144,024,525
14,517,271
1940
933,136,300
1124,821,590
45,166,731
804,060,500
92,089,240
50,229,838
Bonds and
!
Preferred
Stocks
1947
2,033,454,650
217,408,433
446,643,791
Stocks
Total
2,068,374,000
493,806,472
702,108,990
1945
1,793.505.620
292,202,905
66,136,160
743,013,000
238,547,300
27,962,393
30,456,459
.
1941
3,217,126,781
14,517,271
1,416,034,096
124,821,590
45.166,731
92,089,240
50,229,838
during the first half of 1948, giving at the
parentheses) the purpose of the issue:
Dec.
30,000,000 Commercial
Jan.
E,
Credit
1963
l,
60,000,000 New
Co.
(expand
Telephone
due Feb.
due
notes
3 %' loan, due
borrowing facilities).
Power
Co.
1st
mtge.
bonds
California
series
A
Edison
due
1st
Co.
(retire
1973
;
1968
115,721,550
Rolling
Tobacco
(reduce
15,000,000 Illinois
Feb.
1,
vertible
due
debentures
3%
■
1st
(property
preference
stock
i
•
,
:
i
iob,ooo,ooo
1,
dividend,
.
ret.
1st .&
(construction).,
.•>
t
Dec.
-
»
1
■
27/s%
25-year
;■
due
;
(capital
/
,
i
'
bonds 3 Vaseries
.•
•
.
I
.
bonds
mtge.
v
series
D
3»/a%,
due
note,
due
' >
.
promissory
20-year
(March).
$4,000,000
trust notes,
equipment
certificates,
due
an¬
t
1963,
1,
Gas
1st
Co.
$7,500,000
(May).
bonds',
mortgage
due
3series,
(February).,
due
May
1
Power
&
(March).
Mills',
Inc.,
Co.,
3%%
mtge.
1st
series
due
C,
1973,
Light
serial
3'/4%
Co.,
1951-1960,
due
notes
,
due
Co. 25-year general and
1973, $2,250,000 (May).
inc., 4%
Department Stores,
(April).
loan,'$5,000,000
3%%
15-year
Light
A,
mortgage
ref.
3'A%
serial notes, due May 1, 1958-
(June 1.
$1,500,000
1968,
Light
&
(March).
Hills
Black
Botany
loan, due April 1, 1955 $2,000,000 (April 1.
Brockway Glass Co., Inc., 4%
:
•
&
$5,000,000
debentures, due June
15-year sinking fund
Bigelow,
1963,
1,
(June).
"'
Brun'swick
PUlp
Paper
&
due 1970
debentures,
3%
Corp.
note, due
3lU'h
Co.,
shares) prefer¬
(expansion, &e.h
(800,000
Co.
I
(Feb¬
$3,200,000
1963,
May 1,, 1983
(repay
Ohio
Light &" Power
(February).
$500,000
,
•
,
^'Champion
-r
•
Paper
15,
July
Co.
debentures,
3%
Mo.
of
(construction).
Gas
&
due 1978
•
-
due
May
"
'
J,
5 '
.
...
v.
,
'
•
.
I
'
•
.
5
(200,000
Co.
:
shares)
'
;
bonds,
mtge.
1st
duo
April 15,
clue
1977,
;
sinking
Co.,
$4,180,000
Fuel &
Power
Financial Corp.,
paT), ,$30,000,000
I.
Financial
T.
due
V
debentures,
fund
-
bonds; "due
Co., 3'/4%
1978,
$1,350,000
I
-1;
Jani il,
Jan.
1,
ref. mtge.
Jan.
series B,
3%, bonds,
parent).
•
»
telephone Co. Iref. mtge. 3% : bonds,
due July 1, 1981 (replay lodns.'etc.).•:*" (
York
series
';
due
l;
15-year
due
from
{
due semi-annually
•'
(January).
3'/2%
(February).
Electric
Light
RetailScore's,
sinking
j
•
fund
<
debentures,
due
f
;
Power
&
10-year
Inc.,
Newspfiht
1968,
Co., 4% sinking
514,000,000 (February).'
Uric., 3 Ve %
3,/2%
(April)]
$500,000
1st mtge. bonds, due
<
|
1 sihking fund-debentures, series B,
.
-V
.
•
('
bonds, series B, due Feb. 1, 1973,
,
debentures,
4%
note,
fuud
(l, I960. $4,000,000" (February).
Bros.,' Inc.,
Davidson
/
3% ^unsecured loan,
Davenpori Water Co., 1st mtge, "3%%
;
$2,00C,000 (April), y,
; ; i,
F,
«"•
:
Service- Co.,
Cork & Seal Co.,
June
$50,000,000
Co. of. Baltimore, 3%
1st
sinking fund bonds, series S, due 1978, $15,000,000 (March).
Gas
River
Crown
Bell Telephone CoJ 1st mtge.
due June 1,; 1978
{(repay advances to
Co.,
Pub'ic
Consolidated
Coosa
1968,
bonds,
perpetual
/
1
?
mtge.
(March).
1963, $50,000,000
1968, $2,000,000
Consolidated
cumulative
''
March' 1,
due
note,
3Vb% ^lst
fCo„
1968, $20,000,000
"Community
convertible
$24,995,329;
C
$4.52
to
,
2%%
t
Gas
Commercial Credit
-
300,000 shares $4 cumulative preference stock
(June).
'j
)
Corp.,
■
Service
Cities
■j
;
p;
!
(finance construction).
60,000,000 Illinois
,
2%%
3'/4%
(March).
Fibre
I. T.
(no
"C.
27/e%
bonds,
Co. 1st mtge.
construction).
Electric
(finance
;
;
serially from
.
^lectjric
debentures, due June
l,
1963 (refunding,
construction,, etc., I $32,387,271 ).<
-
90,000,000 New
&
1965,
Cheyenne Light,
(March).
Oil Corp.'(800,000 shares) 4J/2%. cumulative con¬
(preferred stock, series B (corporate purposes).
.finance
,
,
Co..
debentures,
fund
-
to parent, '&c!).
advances
sinljipg
Rower & Light Co., 3'/4% notes, due
to April 14, 1958, $7,000,000 (April).
Central*
_
Telephone Co. 35-year 3 Vs % 1 debentures
Bell
3'/fl%
(April).
15-year
$6,000,000
1963,
1,
Co.,
?Carolina
1952
Edison
Line
Pipe
Buckeye
•'
■.
^
idue
May
I,
■<
1963,
•
•_
<
-f
$3,000,000
'
;
;
'
- •
|
'
,
?;*v. ]"
;
! ^8,000,000
iv
J.//"'*-;,
(150,600 shares) 4.3% preferred
;
,
1st
10-year notes,
Inc..
Bridgeport Gas
bonds, series
1973
1,
May
debentures
convertible series
Gas
& JElectrlc -Co.; (1,000,000
5%
shares)
able 1st preferred stock Construction),
17<570,000 Philadelphia, (Baltimore
•
mortgage bonds,
yances, etc.). .
Southern
&
series
Nfttitfiutl.
Washington
F,
.
1./(June).
redeem-
«
due
May
1,
bank
loan,
1966
etc.).
'
t)
j-
iS-iytsar
sinking fund /notes, due Feb. i, 1863,
(Fcb'uaryi,
^
15-yeaf 3%%.-3^% rioart^dueiMay 1, 1963, $6,500,000
>-'(March).
?
<]"■''
S
r Domestic 'Cfcdit
4% .-sinking fund debeiftures, due April 1, 1958,
;
<$1,250,000 JMay).
•
;
■ (
•
.1
.
,,"$2,250,000
Dixie/Cup Co.,
*
■
.
lat 'tntge.1 pipeline bonds, ,3%
series, due June l, 1968 (construdtipn' etc.).'
25/000,ObO Tennessee
•-
Dictaphone Corp.,
,
3Va% general
1979 (repay ad-
RR.
|
Gas Cq.
il5,-000,000- Sylvania Eleciric'Products, %nc,
•
20,000,000 Trans-Arabian Pipe JLine *Co. ^55%- '(guaranteed) loan*
due Jan. 1, 1951—July, 1, 1962 (construct pipe-line).
"
subordinated note, due Jan. 1,
15-year sinking fund debentures, due Jan.
Co.,
Power
$600,000
i
due
(202,000 shares) of capital
v' '
*
.
Corp.
'«
-
Ltd.
3%
Co.
(A'a.)
Hills
Broadway
Products
California
Southwestern
25,000,000 Pacific
mtgfe. -botidS -2%%
1968,
1,
(March).
$1,100,000
£
57,382,600 Consolidated Edison Co. of New York. in<\: 3%
i
bank loans,
' ~;
« '
Jan.
due
sinking fund
mtge.
(February ).'
$1,000,000
1971,
cumulative
4%
shares)
serial
1st
Uxbridge Worsted
Corp.,
$4,000,000 (January).
Mills,
Beaunic
1
'
1.45%>2.55%
Co.
Gas
Transit
'
-
J
debentures,
...
$750,000 .(April).
Bnrber-Greene
; Black
I. T. Financial iOorn. (300.000 shares). $4' cumulative
preference Stock ((increase, capital-and surplus.).
■
(repay
(Feb¬
$5,000,000
1978
30,000,000 C.
1,
due
3%.
20-year
Bangor & Aroostook RR. 2'/a%
equipment trust
nually April 15, 1949-1958, $700,000 (April).
!
Col
15,000,000 Cincinnati
■
con¬
$240,000
1963,
1,
.
•
stock 4.56%
1968
(increase
bonds
1951-1958,
serially
Jan.
1967,
1,
Baltimore
j
'
cumulative
J
J
,
' !
due
Investment'Co. 10-year 3%%
Bsichmann
V
bonds, due
'
.;'
•
series,
debentures
purposes).
due
due
■
stock
3M»%
shares
(250,000
stock $4
<construction).
r.
mtge. 30-year
addition).!
.
Co,
Electric 'Co.
1978
capital
6hs.)
!
f ;
15,000,000 Philadelphia Electric 'Co.
-■
April
preferred stock
Co. ; 20-year
and expansion).>
(2,269,050
Chemical
25,000,000. Philadelphia
•
'
20-year 3% sinking fund de¬
1963' (refunding, corporate pur¬
Carb.on
series,
Co.
{Power £b.
1978
due
'
(Ohio)
20,545,000, Consumers PoweV
Mill
corporate purposes),
series
3%
■
series
20-year 3%»debentures due Jan.
short-term loans, working capital).
Gulf
Oil
Corp.
general funds),
25,250,000 Monsanto
3%
.
&
ence
.
1968
'
.
to
ref. mtge. 3Ve%
loans, expansion,
&
bank
Co.
Western
1968,
April
«
(modernization
75,000,000 American
Co.
Dairy
(expansion),
FEBRUARY
$30,000,000 American
,
$30,000,000 National
series
3%
$30,000,^
-;
ruary),
|
50,000,000 Sinclair Oil Corp. 25-year 2%% sinking fund debentures,
due Dec. 1, 1972 (expansion, etc.). \
&CtK
*.»
■
f
,
bonds,
1968,
debentures,, due
due
notes,
Nov.. 1,' 1977, $700,060 (April)
1'973 (repay
(670,855 shares) common stock
Electric Co.
&
JUNE
ref.
Co.
3V2loan
3'/4%
Co.
<1958,' $3,000,000
\
MAY
dufe
serially
(February).
'
(February).
(March).
15-year
3%
$5,500,-
.
$900,000
notes,
<■
■
etc.).
stock
(construction). '
40,000,000 Southern
?
.* C.
3Vb%
mtge. 3%%
bonds
1, la 78 trepay short-term notes).
Electric
1986
due
1954 lo
York
15,000,000 Potomac
1968
T
mtge.
bonds
mtge.
Union Carbide
vertible
Corp. 20-year sinking fund
1967 (expansion).
i
31,
1st
Co.
Co,
&
20,000,000 Sunray
Stores
j
15-year
20-year
{Associated Telephone !Co.;
>
rehabilitation).
25,000,000 Union
$25,000,000 Allied
1st
Co.
k
j
^
-
due
J
JANUARY
Mill Co.
Tobacco
$75,000,600
;
sinking fund
rehabilitation).
time (in
same
,
.
Co.
ruary).
Brown
.21,6.61,683
Issues During the Half Year
list the principal issues of securities placed
Stove
$1,500,000
Oil
20,000,000 Southern
we
American
1,009,379,578
867,060,500
Large Domestic Corporate
Below
Power
&
1949-1958 (plant
1,103,124,621
97,045,908
1939
2,744,669,555
16,406,288
14,524.080
1,257,492,300
933,136,300
i
Gas
&
2,151,844,705
1,018,016,659
413,763,681
715,754,988
604,185,000
1940__
Swift
10,000,000 Swift
144,024,525
369,395,000
i
(expansion.)#. >.»<*
Lighting
Power'
Ohio
Pacific
(plant
$304,527,036 $3,234,071,474
1946
___
debentures,
(construction).
1978
bentures
25,000,000
$314,981,538
—
19^8
35,000,000 Standard
1
Notes
1048
1.
note, due Jan.
■
i
'
r>ederate^ DBp^r+ment Stares, Inc. $.18%
American
Corp. (200,000
preferred (acquisition, etc.).
80
Common
$2,614,562,900
1942—_____
2%%
poses).
1948
1944
American
ISSUES- -INCLUDING
JUNE
20-year loan,
Building Co., Inc. 4%
Mart
-
.
deben-
(Match).
;
loan
•:
20,000,000 Solvay
946,379.578
1 TO
1,
(construction).
1,103,124,621
1939
CORPORATE
'■
f
Co.
1960,
1,
May
<
.
(Februaryi.
Birmingham
16,771,375
1,416,034,096
FOREIGN
■
2.55%
(guaranteed)
1962 (construct pipe line).
Line
(refunding, construction,
715,333,113
1,257,492,300
CANADIAN—JAN.
Pipe
Rolling
000
due
10-year subordinated
•
.
.
,
Goods
I American: Seating' Co."
393,513,681
1942
AND
(construction).
1968
1, 1955-July
note due
Total
493,806,472
Furniture
4American
1943-1958,
1,
*
notes,
^
of Georgia 4Va%
(April).
Paper
Feb.
serially
due
i
Co.
( April).
:American
j
84,000,000 Gulf 0$1 Corp.y25-year 3% (Joan, d^e April 1,
bank loans).
■
' f )
$3,167,871,474
1)41
DOMESTIC
000
deben¬
2%% sinking fund debentures!
(Indiana)
.
15,000,000
I
690,763,000
I947_
•
.
loane
promissory
4%
Co.
(May).-
$500,000
Arkansas
'
$304,527,036
$5,000,000
■American
3'/4%
30-year
Co.
3'/2%
Line'Co.,
Broadcasting
tures,1
1,
25,000,000 Mountain States Telephone & Telegraph Co. 30-y.edr 3Va%
debentures, due 1978 (repay advances from parent).
349,145,000
._
Jan.
'
.■
30
Stocks
$2,543,362,900
1946
1
Bar^e
<•
sinking fund'bonds, due Jan. 15,
1st mtge. ;3Va%
(February).
American; Discount
%
.
England Telephone Co. 30-year 3'/'b% deben¬
March 1, 1978 (refunding, construction). ,
$30,000,000 Consolidated Natural Gas Co.
(acquisitions).
Common
Preferred
Telegraph
&
Supply Co.' 20-ryear. 318.%
(refunding, working capital).
'15,000,000 Houston
CORPORATE
due
!
1978
-
,
annually
notes, due Dec. 31, 1967,
$3,115,000 ■(April).
Associates
table includes' foreign corporations:
Bonds
due
APRIL
f
issues by types of securities brought out
fiyst half of each qf the, past 1Q years. The secqnj!
DOMESTIC
American
!
New
due
Peb.| 1;
due
porate domestic
in the
bonds
sinking fund debentures,
working capital, &c.).
all
other categories $839,561,201.
$2,500,000
1973,
American
:•■■).
-
15,000,000 Western 'Auto
Other
recorded.
was
3%%
mtge.
(extensions,. etc.).
35,000,000 Trans-Arabian
1968
being
[
.
3V4 %
Co.
.20,000,000 Standard Oil Co.
records show, the nearest approach
as our
1st
Co.
Telephone
tures,
which latter amount has never been exceeded for a like
period
'Alstons Realty Corp.
'
$572,§81,000 in 1946 and $720,701,800 in 1945,
1947,
.
(
s
tures, due'1978
compared with $127,370,000
as
.
due
,.
Corp. 20-vear sinkjing Jund 3'/a%
"e ' $25,000,'000 (January). '
.
notes,
Jan. 1, 1949-July 1, 1S53. $150,000
notes, due
Allied Stores
debentures due 1973
.
10-year 414%
Castings .Corp.
1, 1949-1957, $350,000 (March).
Sept.
Allenfrrtvn Bridge Co., 4%
i
(June).
" »
1968
-Light & Power Co.
of Bali;
sinking fund bonds series S, due 1973
Power
(refunding,
-3^,-000,000 Pacific
498,609,637 fell tinder the classification of .public, Utilities,
compared
1,
!
(refunding).
20,000,000 Lion
March
,
•.
j
> <
pipeline1 bonds due
;
Gas' Electric
1st ref. mtge.
(construction)
3%
.period in 1947,
same
due
note,
1st mtge.
{(fo.uild pipe line).
15,000,000 Consolidated
to $2,614,562,900, as com¬
up
pared with $2,033,454,650 for the
27/a%
Corp.
operations).
1954-1963
half-
issues for the
Financial
T.
45,000,000 Columbia Gas & Electric Corp. 3>/4%
(corporate purposes).
and $196,921,136 for
money
corporate
I.
Uinance
I
A/mtinum
Advance
h
|
20,000,000 Cities Service Gas Co. 3Vb%
the largest .since 1930 ,when
Of the' 1948 financing
new
total
C.
50,000,000
alnd $3,217,126,781
reported.
was
$3,037,150,338
refunding.
year,
with
aggregate value of ;$3,234,071,474 compared
$2,714,669,555 for like period of 194-7
1st mtge. bonds series B, due .Feb;
$37,396,000 Central Pacific Ry.
ill.
il968 (refunding).
the first six months of 1948
financing for
'
:
(repsy
31/a% ".'debentures,
J
1
,
.
yifteiiben
$Va c/c ' dfebentdres
- • ♦ ^
' i '
Gas .Transmission 'Cb.
(expansion). ''
.
,■
due
due
Dec.
15r
1962,- $5,000,000
•;(June>-'iv., 1 •
Dresser*] Industries,. Inc., ,3 V2 % notes/f due
Dec.
15,
1962;? $7,500,000
^Dresser
Industries,
(February).
Incv,
3V2%
motes,
Volume '168
"
Niimber 4721
THE
"
i
CorP" 15-year* 3%%
$5,000,000 (March)..
■_>l
I
i
i
'
ii
% f $l,7o0,000 (April);
Paso
Electric
/-jbistflct
t
...*■?■:■:
promissory notes;
Eujteka Corp. Ltd., gfr.OOd
)r{ ! (January).Eureka
•
Williams
"
Otter
il]i, $160,000
Co.,
15-year
note,
due
T,J
Feb.
y| v(^February),/,
•
'$8,500,000
' : —
Cft,
'ji-CMarch),
-■
^
Tail
20-year ..3%,' note,
■
—
t'
FlatIda Public
f
'
Utilities Co.
due
'
'
'•
-
1st
March
15,
1968,
Y$-
;
FarfifrlM
i
Y ♦"
mtge. 3%.% .bonds,; due
y•
Service Cb.,
Power
Co.,; 1st
Feb.
bonds,
15-year loan,
COrp., '2ff-year'
1978, $500,000
series F
-
•
3^%. loan, $5,000,000
Washington
000,000
( April).
y../
$1,000,000 (April).
-Eluine
15-year notes, $7,500,000 (February).
«Sc Ftubber: Co. 3 '/#% • notes, due l968, «12,000,000 ( March)
Georgia, jFower is .BigbtUCd.' 1st mtge.- 3%*% series
I"
...
r
(A.
.
bonds, -due .1975,
'*%/■/
y-;
( ;$1,»000,000 (February).
ndte,
due May
1,
H.)
Globe
&
Rutgers
Fire
Insurance
/::fV^.1St preferred stock (par
Grand
.^
Rapids Hardware
.'(April).
Co.
9,250
shares
of
mtge.
4',4
bonds,
Randall
Grayson Robinson Stores, Inc.
promissory notes due annually
(April).
~
Gulf Oil Corp.,
25-year 3%
•>
Guff'"Power Co.,
, (April)..
v
1968,
^
I
bonds,
3 V»%
due
1978,
Co.,
3%
St.
!'
y
sinking;fundxbonds,'
due March' 4 ' 1961/
fclonn3ht1^
'
000,000
|
Hunt
& Power Cd., lst.ihtge.
<April),
".boVds^due
3'J,
V"
Fooc|s, Ir4„ 4%-i debentures,, due May 1,
Idaho
Power
Co.;
1st
mtge.
....^y-v
bonds,
3%
due
Shaker
mtge.
;;
iv.(Mayi..
;
•
,
•
'
V,
j.
Industrial
,*
Accepiabee
Geip.,% - Ltd.,
*
.
3V*%
**
4,
'
secured
•
notes,
'
J.-'•••'.
t..
•
'
i
$14),000,000
^
i
•
CC„
(March),
V
Iowa
j
(F.7
Jacobson
500,000
(
Utilities
$2,000,000
Joyce,
Sons,
Inc.,
(iviav ).;; •
(Mhy l-C
$4,000,000 .(April
^southern
:' "
-
4.w-,
ij
10-year
due
note,
loan, $500,000
Natural
Gas
series, due 1965, $2,750,000
Water
La
Cross
1st
Co.,
sinking
fund
(March).
mtge.
Inc.,
4%
bonds,
Co,
Krelsler
Coj-p.-, .10-year
Telephone
Corp.,
1st
serial
3(4.%
Co.,
mtge.
sinking
Co..
fund
414%
Basket,
$15),
Ltd.,
• w
35.OCO
$525,000
Markley
stock
fund
debentures,
Mead
f
$500,000
Johnson
Milier
4,/2%
2%%
March
due
of
series
note
$1
dividend
"
19.73,
Utilities
1st
Co.,
1st
$4,300,000
Mountain
.(
mtge.
Mountain
(
stock
1,
due
Muncie
(.
mtge.
3%%
(Ind.)
bonds,
National
,
series
fund
Co.,
334%
Chair
Oats
May
1
Co.,
Co„
stock
(par
preferred
1,
1963,
March
1.
1963,
$5,-
due
serially
Co.,
debentures,
"
•
.
maturing
;
due
C
'
.
10,000
$1,000,000"
314%, due June 1,
1963,
first
•
bonds-4series-' A,
( June).
*
1
of 5%
mortgage
bonds,
due
1978',
4.000
10-year
10-year. 3%%
mtge.' 314%
preferred
:$125,000
shares
of
4.657«
series
A,
»
cumulative
$1,000,000
cumulative
*.
sinking
.
pre¬
(April).
series
A
pre¬
.
'• '
15-year
sinking
note,
fund
promissory
«...
4J/4%
-
Brewing
sinking
-
-
-
.
Inc.,
1,
Co.,
fund
Pipe
Co.,
3%%
debentures,
625,000
.
"
Water
note
due
June
2.55%
$20,000,000
"..
;
.
l;
loan
•
1963,
(February)^
1st mtge.
(Ji)
.
Coast
West
,
West
Co. of
New
(JuneJ..
due
"Jan.
Machinery
.
April
Jan.
'
_
Inc., .loan,
1
15,
(April).'
v
^
.
32,769,317-
Auto
Supply
Jan.
1,
t
Meter Co., >2.25^ notes' due
;Jan:U^ 1949^-1952^andiv
Jan, .1/ .1953-1963,/$2,000),000 (FebruaTy).
-m.
New'E'ng:and Gas & Electric Association, 20-vear sinking fuiid' collateral
3^% bonds, .series B, due 1968, $5,225,000 (January)."'
L"
Noma
Electric
$4,000,000
Corp., 334%
3,/4%"
1973,
sinking fund
(February).
debentures, due Feb.
1, 1958,
March
'
.
'.y.-"''
1944
v'
20,646,783
19,246,378
52,313,953
54,491,514
53,842,637
49,233,458
93,147,746
139,002,825
55,128,199
82,694,972
44,765,017
2,453,896
14,759,867
23,535,222
49,139,381.
11,227,634
'
1958, *$1,500,000
due
'
13,558,096
(April).
41,852,919
141,555,582
10,880,842
26,276,816
20,776,075
53,989,592
40,015,470
28,268,700
5,289,157'
59,673,542
14,903,823
10,867,910
37,637,292
27,82-3,491
20,876,567
29,005,686
33,792,030
51,230,748
12,592,080
194,024 005 230,303,135
137,133,662
August
—--
.
November.
•
_-t.
•
December
6
132,665,467
"
mos.
46,454,669
17,030,551
17,146,853
—-
Tot. cal. yr.
•
'
358,172,505 633,942,615 446,060,563 278,689,244
tions
give complete details of the capital flota¬
June including every issue of any kind
brought out iti that month.
:
1963,
we
during
Details of New Capital Flotations
|
$4,-
During June, 1948
r
.
439,918,610 215,757,428
48,928,372
9,578,026
;
debentui-es;
24,234,648
--
due
Feb.
'Long-Term ftonds and Notes (issues
1,
/■'-3
I
•
•
'
Maturing
tater
Than Five Years)
•
I
•*
'
•
'»„>' —■■■;-*^v
•'
'{■<■>
Y
RAILROADS
3.14%
bonds,
due
Nov." 1,
1971,
.
.
.
.
.
.
..
$5 060,000 Baltimore
& Ohio RR. 2»/4% equipment trust certificates,
series Z, due from July 1, 1949-1958.
Purpose,/purchase
of
equipment.
Priced
to
yield
from
1.50%
to
2.60%
according., to
maturity.!;; Offered by Salomon Bros. A;
Hutzler; Drexel &. Co.; Union Securities Corp.,; and Stroud
314%
20-year
.
note,
due
Jah.
1,
1968,
.;.;v
,
convertible
414%. debentures
due
& Co., inc..
...
due
CO.,
1st
1, 1972, $250,000 (Apifl).•
274%
-b6ndsV;-$2pp,()00 (Eiay )V
mtge.
•
•.
/v
1st mtge.
bonds^
;
f'
•
314%. series,
4 "
*
/-r
;
due
\
:
3,500,000 Chesapeake & Ohio Ry. 2%% equipment trust certificates,
(April).
Wisconsin .River..Power Co.,
$8,500,000 ; (February).
156,875,510 225,507,038
mos.
^
%
it
v*
,
!
.
bonds, due Aug.. 1," 1977,
'
i
i
June
1,
1949-1958.-- Purpose,
purchase
of
equipment. Priced to yield from 1.50% to 2.50%',: according
tos maturity/ Offered by Halsey, Stuart & Co., Inc.;
j
Gregory & Son, .Inc.; First of Michigan Corp.; Hirsch &
; C<J.;>Wm. E. Pollock & Co., Inc.; Freeman & Co.; Mc■;> Master
Hutchinson & Co.; Julien Collins & Cq,;, The
First
Cleveland
Corp.;
Mullaney,, Wells .& Co/;
Alfred
O'Gara & Co., and F. S. Yantis & Co., Inc.
y
i
.
annually
•
*
29,335,382 —
due
V "
yy.- ■ ,r; ;:vy-,^ yy
<
•
/" C vv /
1
33/4% .-sinking fund debentures, duq April 1,
'
'
!%'
Co.,
Hydrp-Electric
;
$40,000
debentures,
y.'
T^^eS Eaik %Ela^i !T%lephohe Ce;%314■%
Wisconsin
60,941,349
29,759,176
42,867,266
Neptune
(
42,486,670
21,820,596
•
50,583.647
39,733,669
;—
—945 I"
1946
$;v.$
9,181,100
__
.
Western
1947
"
.
FINANCING,
NEW
8,624,260
4,732,036
Tot. 6
a
•,;■«
Co.,
-
f.'V
27,592,122
___
Below
*
loan
'•
■
$1,400,000
mtge.
(March; Western Natural -Gas-Co.!, -10-year
j
(March).
1948
January
February
,
Co.,- 1st
«.
1
REPRESENTING
1,
.....
Inc.j! 15-year 3%%^ notes, due May 1, 1963, $3;000,000
Coast Telephone
•
NOT
1,
due
r314%), due Jan. 1, 1963,
v-
Corp., 314%
' •!
.
'0
[
■
offerings: Similarly "special offerings", on the several
stock exchanges are included with the secondary .offer-:
ibgs in our totals since 1942. Of course the companies
\yhose securities are involved receive no part of the
proceeds of the sales.
Such offerings as these have no
place iri our compilation of new issues, but we have
tabulated them, separately for whatever interests they '
may have on their own account, and present the' results
ifot.
-
.
Haven, 30-year 2Ta%
Corp., I5:yea'r
(March);-f "-!
*
Telephone
■
[Likewise public utility holding companies wishing to
comply with ther Utility Holding Company Act dispose
of their holdings of subsidiary companies through public
October
$1,500,000
-
Carriers,
u
enlarge -'blocks of
that owners
September^-
•
•
.
$5;000,000
$15,000,000 '.
$800,000
involved.
July
.
Plywood
Weingarten,
on occasion
-
been outstanding for some time, - *
desiring to liquidate allot part of their holdings, prefer
t<j> do so by making a public offering of the securities*
April—
;
bonds, due
first mortgage (4%
,v
States Hoffman
States
j it napp^ns
'
:
Noi Representing New Financing
isgues
May.
$25,000,000
shares,
(guaranteed)
1,-1978, $.8,ooa,ooo
Petroleum
S.
j -fU
"y- \
>j000,000 (March):.'v
U.
$529j800,000 in 1946 and $358,410,000 in 1945.
June
"J
..
(March).-
;
entities grouped under this classification aggre¬
gated $523,005,000 as compared with $283,730,000 in 1947;.
$15,-
y
1966,
Co.,
Co., 4%
Credit Banks and the Fed-
194« by
1957,
debentures^
2.55%! loan (guaranteed),
$35,.000,000 (March}..'.
1962,
$456,302,094
;
18.7!
Banks;
-
debentures,
*
common
v
Co.,
Line
64
,
Corp.-,
Line
-31.1:
r --
.
_
1963,
1,
r
•
.
$305,991,000-" $150,311,094'
23.3
17.1
—
Loan
Home
March
-
[
127
:
/
$680,511,780
...
314%
Pipe
Tliuminating
United
-
.
DCc/ 1,
-
•
sinking
-
30:6
4
1965,
■ -
due
r
3V4%
.
Rector Street Corp.,
Uhited
1963,
1,
Feb.
fund
y
•
debentures
j( March)%%'TWo
1,
Jan.
Corp;,_ long-term loan, $11,500,000' (April). 1'
i,'"l962,
Trans-Arabian
due
due
note,
"'
•.
,
Ttans-Arabian
Trevorton
due Feb.
loan,
% "
•
.
;
$
Corp.,
-Transmission:
Broad. Street
3Q
•
■
(April).
.
Gas
r
issues—.—
in the table below:
314%
Gas' Transmission
Gas
;
due
,
fund
.
Ttxas
debentures,
$425,000
33.8
;
76
-
$450,683,000
$229,828,780
Percent of total volume
:33.2
35.3
51
.
137
$728,557,500
securities which have
.
.;
,
fund
*
■
•
.
1963. $500,000 (May); y-:;3'
cumulative
.
•
_
(June)
Tennessee
issued--,—
of
'
.
.30.7
,
-
.
30.6'
*71
$418,577,500 '
66
—$309,980,000
" Volume
ISSUES
:j$l,000.000 -(May},.bonds,'
■
loan,-$300,000
notes,
3%
(AprilI.
sinking
£0.
Propane
t
■
Co..
3%
issues-
...
bonds,
Gas Co., 10-year 414%
1, 4957y $l;250,000 (February-};
(May).
cumulative
.
r
^
due "May' 1,
Corp'., 414%
subordinated loan, due $100,000
1950-1957,
and
$200,000
March
31,
1958,
Sylvania" Electric Products,
'000,000 (June).;;-
United
/
(May),
1st
20-year
-
$3,000,000
y
■
"v
'
.
r.'
.
;
^
i The total volume brought 6ut during the first half of
$25,000
series A,
'
shares
Co.,; 3%%
»
1973,
debentures,*- due
20,000 shares of 5
Works
.
Co.,
bonds,
>
Propane
'1951-July
(par $100),; $400,000' (May).
4%
April' 1, I960;
f
•
mtge.
;
Co.,: 33/4%
(March);
!due-Dec.
1958,
'
Water'Works- Co.,
Water
t
-
'j^ SMr!■'
Power
'
•
.
29.6 '
y
Percent. Of total volume
.
'
151
$834,540,289
I
,
30.2 f
Financing by. government
agencies, which in the past decade reached huge propor¬
tions, disappeared altogether since October, 1941, as a
new policy put into effect by the Treasury at that time
provides for the monetary needs of these agencies to be
taken care Of by direct .United States Treasury;, issues,
instead of by the sale of their own guaranteed obliga¬
(February),.
serial detoentufes,
$9,000,000 (January*.
....
Inc.,
1963,' $4,000,000
Power
( .preferred stock
Murphy
19S3,
(
1,
-
;
1950-Jan.
1st mxtge;' 314%-f
(May).:v;<yv;
(Ind.I
1,
Dec.
1 January).
$3,000,000
Suburban
due'Jan.
debentures,
bonds,
sinking
3%~.note,
(jqar $50),.'$1,000,000
$1,200,000
Muncie
1,
% 11951"-Julyfund
3 Vs %
(June).
(May),
States
Jan.
$2,000,000
Corp., 8-year
States
$3,500,000
due
convertible
July
Finance
(April).
& Fuller
(April).
Baer
Feb.
Co:,
1955-1962, $600,000
;%L" ! *
.
*
'1
of
Volume ——i:
e?al
bonds, series"B; ;due 1978;
90,GOO shares of $4
-.-•'■(Ohio),
92
issues..:—
—t $326,959,9041 $507,580,385
tions.
1st
Stromberg-Carlson
G,
due
(April).
Utilities
Finance
Stix,
j( June),.
$400,000 (April J
Motor
$20,-
-
Co.,, 5% sinking
(January).
N
Co.,
4%
Telephone
par),
65
of
Financing.in this classification consisted of obligations
;
f
Service
March' '31,*
.Sterling Drug,
;
serially
Co.
$12,000,000
1968,
preferred
cumulative
MorimoptK,- Ccn4oiidated/-Water
/
1,
{
j
note,
J
isVyear note,- $7,500,000
I April)
-
36.6
of the Federal Intermediate
due
215
$957,337,300
34.6
Percent of total volume- ( >
■
sinking-fund debentures,
v:
$418,775,000
-Number of
-
notes, due serially
^'/iyy
128
38.0
percent of total volumw
i
:
■
41.fr
Farm Loan, and Government Agencies
fund
'
$433,934,550
$538,562,300
'y'" "
,
.
93
55
$216,664,850
vyyyy,, 64-4.
31.2
f,
issues
Volume
1963,
(par- $100),' $1,000,000- (February ),
&
Loan
annually
[(June).'
Regulator ^Co.,
2.85%
$7,500,000 (March).'-• : .1
:
1963,
1971. $2,500,000
(
;
Jan.
A
-
1949-1958, $8,000,000'(March).
promissory nptes,
V
Mississippi Power
(April). ;,f.
Missouri
bonds,-series
,
|
Missouri
due
(March).
guaranteed
due
(May).
15,
bonds,
-
Minneapolis-Honeywell
V
Public
Oil
$1,000,000
bonds,
due serially
shares
Co., .3%
,$400,000
.
Roofibg Co;, 414%
Co.,
of
$272,897,500
-v.-25:2"
27.4
22,2
.
5S
30
■
$180,977,500
38
^
$3,000,000
sinking
$4,000,POo" (February),
April 'I,- 1968; $35,000,000
Tivo-li
&
1978,
27.4
Percent of total volume
j
3%%'loan, due serially to July 1, 1958,
siandard Royalty Corp., oil production loan,
; '
^
notes,
Manufacturing
1952-1970,
.|
bonds,
year
(June).
3%%
15-year debentures,
l2,60o shares 5%
(par $25),. $315,000 (June).
000,000
due
140
$8^,990,739
^
loan, $l;200,000 (March). :
,
$750,000
stock' (no
ferred
$750,000
Corp.,
Corp., 3%
$5,009,000 (May).
bonds,
s
•
1,
Standard Oil Co."!(Indiana) j 234% sinking fund debentures, due Feb. 1,
i 1968, $20,000,000 (March).,%'
%'
v " y
,
'
,
(February).
Masonite
(
mtge.
^Telephoney Co;,
Squibb & Sons,
Suburban
Mara then Corp., .3%,motes,
Market
1st
3,14'% -4%
Power
ferred stock
3%%
$2,500,000
:
{ -$1,200,000 (June).,
5
15-20
$750,000
$1,500,000 (March).
Mannix
Utah
.
Public Service Co.,
(Fred)
semi-annually;
State
Island Lighting Cc., 3%
10-year
1958. $12,000,000 (February).,
[
1961,
Jam-
-'-.J
80
23.1
$223,269,700
—
li39—Number
.'y
■
182
$499,148,114
issues
Volume
-
1970, $250,000 (May).
(E. R.)
debentures,
due
L^ygSTy..:
Southwestern-States
due
mtge.
note,
sinking
Long
Maine
$1,-
(April).
Lipe-Rollway Corp., mortgage loan,
{
1958,
debentures,
i
.
25.2
,
%
60
"
25
»•
30-year;a*3.14 %: debentures>ifdh®^
^1978, ;$15,000,000 (March»; --.r* V ' ' UK«* ■ •
Standard
1st
Telephone & Telegraph Co., 1st mtge.
due-Jan. 1, 1976, $1,000,000 "-(January)..
Oil
;
|
3Va
| 000,000 (March).
(
1,
314%
:
-
$722,001,687 $1,283,561,687
20.5
17.6
$91,920,000
Percent of total volume
$700,000
debentures,
.
Service
1968, $340,000
Lion
>
i
1,
(February).
Lincoln
/
May
$800,OCO (February).
(Jacques)
{
promissory
;
-y,
of
1938—Number
fund
*
H7
L
i
T
(March).
sinking
.
36.4
Percent of total volume
1^40—Number
;
>
<
35.5
65
a—
Volume
1063' $750,000-
201
.
21.4
*
,
issufes
of
1941—Number
1978,
Co., 18-yiar loan (average int.- rate S.'ltel^), due
New England
Southwestern
Inc.,
Kelsey-Hayes Wheel Co.,
{
(April).
Kentucky
Jan.
due
;
shares
Volume
•
•
1973,
Southern Acid &^Sulphur Co., Ino,-, promiseoryk. note, due
(March).
&
(May).
Kansas-Nebrafka
j
due
4%
(April);
1972$50,000,000* (January).
,000,006
series
due
'March' 1,
due
15-year
Products Cof p„ - 214 %
Southern
Co., 1st mtge. 3%^-bonds,
bonds,
Sdutti FfttSbUfgh Water Co., 1st' mtge;-<3,V«-%
481,500,008 (May).
>
,
Southern
1978,
mtge.
1958; $500,000
15-year .314%
mortgage ,loan,
|Marth
1968
1,
Co.,
314%
Co.,
iSCutherri-, States: Iron
due
•'
i
———.
$370,842,625
1942—Number
v
,
Co., 15-year
tfebruaryi.'
-
/(^.yO.I'"Biriith'.^-.Corp!;
.
".
•
ico^^^-isefetrred.-.. debentures;
bonds,
"
1
.•
1st
ry;.i^^4p%.
*
Interstate 'Power-
3%%
mtge.
of
!
i,
due Jan.
'i
Shellmar
:. >
-•:
■h-1
-'
.
|
~c," :z ':
•
$561,560,000
1943—Number
$800,000
c
-
-
!$250,000 annually Bept, ,1; 1953-1962, $2,500^000 (May).
bbnds;.3^->«eries duei1975; >$lio0o boo^
'v;;4;'■:
*
'
1963;
-/
sinking fund bonds,
1st
;
Percent of total volume
.
%
/
■
14.0
,
Issues
Volume
;
Total Year
,
—
W,-- ■7 /'
171
Percent of total volume
1944—Number
1968, $12,-
'
Jan.
,
«
(May).;
"
;
Paper
V,
:
1,
.
4>/4% "bote,
Veneer
("fV. A. Sheaffer; Pen
$10 000 000
IHinois.-.CeatnafcjRR. 2l/f% equipment trust
'certificates, series" X. <luei -^mi-annuklly l94b-1957t $3,200,000
.(January^'
..
April
of.
Volume
;.
v
cue
&
Electric
sa 000 oon
$2,000,000
'1978, $15,
1978
y-
<s6ih.ei)ling -RuUier.-'C^o^ 10-year
.i963v;:$i,250/)W^June)i!;
-series
due
■■
.S^cqcities: Aeceptanee Corp. 314% subordinated
y.vdue Jan.;i,;1963; $2,000,000 (January);
=
^
.*
i;
1963, $2,500,000
;S(ir4nton Lace Co.;
Co., 4%
j
.
preferred stock
i-(May).
r^ipriirIjromlssQry.!-•
,
Regis
Scranton
sinking fund debenture:Vdue Jton/i,
$3,500,000' (March).
1,
May
$13,000,000
$1,000,000''
,
.-V.';
Co. ol North Carolina, 5% sinking fund debentures, due;
' y ; "
;
Lumber
due
-
'.
...
,
bonds,
,i
loan,"
Co.,
Rioddis
through
$84,000,600^ (April
1973,
series,
•
Haiyley ,Pu!p. <fc. Paper
{ 1$A,OQO,0()0^(May).'
y.
loan, due April 1,
mtge'.
Anting
/
c
1st
.
.
<May>.-;
(February ).y.r4;
,
$250,000
./
-
loan
mtge. 414%
Plurex Corp.; Utd.V T5-year
1955,
4%'
Co.,
,1st
issues_-«-.
Volume
~<j (March?
'
due
{ 'May l, 1960. $4,000,000
\
Pjublic Service.
cumulative
$4
-$15/, $138,750. (March).
Co." 1st
Mfg.
I 1951; $100,000
(Janiiary)-.
puebio Gas & Fuel Co., 314%
.
.
Atwood
l958f-$450,000
1945—Number
\
;
of
Volume
) -.'v
i
convertible
-Number
1946-
M
LftstSMos.
38.0
.
'
;
$730,602,200 $1,392,261,085 $2,123,^93,285
26.6 \
39.4
%
33 8
!;80
>
.165
245
$450,826,055 $1,221,718,324 $1,672,545^9
Perfcent of total volume
mtge.
1
€ Mos.
Pe'rcent' of total voliime"
since 1937 is
FINANCING
197
1947-rNu.mbei: oi issues
1
;
Volume
V
7
ipt
,
Issues
of
Percent of total volume
y •
1,
CORPORATE
Volume ii^-„-^-.;^$l,230,$^756
'
'
notes,. due
-
;
gen,
>
due March
-promissofy note,
public Service Co.y«jf New Mexico,
$1,000,Q(KLv( January). £»"'<" ■
■
Geuting Co. 20-year -mortgage bonds, $650,000
(February).; A.
Gimbel .Brothers,
Inc. 3%
series B debentures, due "May
1, 1961,
^ $13,300,000 (February).
-v
,.' T
,
,
|
'-'"'.y--1963, $1,125,000
.
Precision Parts-Co.,
,i
3 Wk
(Junei.
[■(ivcarcb•,,.<>
^Generai Shoe Corp. 3Ve%
(June)/,
RR.
j
1, ,0953,
fund"
f
-
194$-—Number
series,-due *1978, $1,-
,
-
PRIVATE
$10,000,000 (May).
3-%
:
$2,-
sinking
shares.of 414%
; (par $50)yi:$500,noo (March),
1
'
due April
pre-
>
1079, $17,570,000
-
«
1948-
1,
July
semi-annually
slnking fund bonds due 1963, $2,750,00
■:'!!!'■■'!-.
-'.M"-
1st mtge.
A summaiy [of. all private,
placements
given in the following table:
-1 •
*.
4(i%v;lqanr $475,000.4AprU).
-
Co., 414% notes due
$1,200,000 (January),
1963,
(June).
-
cumulative
(May).
&
Dessauer
1,
York Corp. 33A%
$600,000
1976, $
series; due -1978,
314 %
^ithey-B(mes;'*Inci;4l0v0f)0
notes,
* tylr'i- ■
514 %
shares
(June).
.companies.
Inc., 15-year 314%
1963, $12,500,000^ February)
1,
&
'
Cd;, 234-%
OU
%
-subordinated
y\
,
.
Glass
I^epsi-Cola Co.,15-year
Philadelphia,. .Baltimore
-
!
Finance,' -Corp.. 4%%
','rvv'
6,600
mtge.
PhoeniK 'Hosiery' Co./ 314%
General
f'
1st mtge. bonds,
Pennsylvania !Power ,Co„. Ist/ mtge^ bonds
$6,000,000.
h
•*
■Wolf
debentures,
fund
Gas. CO., 3.5% loan, payable $400,p00 semi-annually,- 1948-1955,! $s;40o;ooo (March)."
;
;
000,000
Flintkotc-
due
Jan.
I^ariolfl
-
,
.
Public
500,000 (April). '
J
.
...
^^,-v • '
-»■>■? ■-,;vs. v;:v.federated Department
Stored, Iric.,' 3V8%' sinking fund note,' due 1968,
$15,000,000 (April)..
; ;
(Harry) Ferguson, inc., 40-year serial
loan, "dde June i, i958,-$l,500,000
%/.
series B,
bonds,
sinking
I'
Paimet Stehdel
1903,
314"%
fnlge,
Co,, ,314%
Public Seivice Co,,- 3%%
Owens-Illinois
Corp., 35-year loan, $550,000 (June).
Fairmont ?Foods
1st
| ferred, stock' (par, $100>( $600,000
v-—; >;
(par
Co..
-
,
Northwestern
-»
- - •
3-,A%' series^ due Jan." 1,'
share!$ of" capital "sto'clc
-y : ;
V
\
.•
ijforthwestern
1967,
bonds, $1,000,000 (MarotvK
Electric Co., 1st mtge.
bonds,
(March)." *
T
Water
Public Service
1968, $9,000,000 ..(June),/
lybo,:_$y,uuu,uuu (June).
(June);-
Co.,.1st mtge. VU%
Rock
Northern.Indiana,
-
Aug.' 15,
due
—;
1973, $4,000,000
;
CHRONICLE
I 1973;; $575,000 (April).
—f—
'
Little
'
<JdVJ9$3»V
Iuftd debent^
\
:
North
1963,
*
Inc.,' 3%
,$&992,QOO .(Pebruary).':;--^:
El
i.
FINANCIAL
"
'
mm
i
.
fTi?^a„s A,) ®dison,
I
8 '
i
sinking fund note, due March 1,
^Brothers Stores,- inc.,' SVvVo^sinldn^
i
COMMERCIAL &
1
..
THE
(444)
Corp.,
and Stroud
f
%
CHRONICLE
Monday, rAugust 2, 1948
Raffensperger, Hughes & Co., Inc.; Rambo, Close &
Kerner, Inc.; The; Robsinson-Humphrey Co.; Rotan, Mosle
and Moreland; L. F. Rothschild & Co.; R. C. Schmertz &
Co., Inc.; Schoellkopf, Hutton & Pomeroy, Inc.; Schwa-
'
i
loans, settlement of tax claims and penalties. Price, par
and
interest.
Offered
for
subscription by stockholders.
bonds purchased by Atlas Corp.
:
i !
-
Inc.
i
:
7,120,000 Chicago, ;Milwaukee, St.' Paul & Pacific RR. 2%
equip¬
ment
trust ^ certificates,
series DD,
due semi-annually
Dec.
1, 1948-June 1, 1958.
Purpose, purchase of equip¬
ment.
Priced, to yield from 1.25% to 2.35% according to
maturity.
Offered by Halsey, Stuart & Co., Inc.; R. W.
v
Pressprich As Co.; Freeman
Co.; Hornblower As Weeks;
Otis As Co., Inc.; L. F. Rothschild & Co.; .First of Mich¬
igan Corp.; Gregory As Son Inc.; The Illinois Co., and
Wm. E. Pollock As Co., Inc.
'
& Co.; Seasorigood & Mayer; Shaughnessy & Co.,
Shields & rCo.; Robert Showers; Singer, Deane &
%!. 'Scribner; Smith/ Moore & Co.; Stein Bros, .& Boyce;
'
; Unsubscribed
200,000 Paper Art!Co., Inc. 5%
bacher
.
'
.
;
Brothers
Stern
j -o; cCo.;
;
Co.;
Stifel,
Nicolaus
Co.;
&
Co.,
Co.;
&
-
Dabney
Townsend,
Tyson;
&
H.
r
Stix
Inc.;
Walter Stokes
& Co.;
Sweney, Cartwright & Go.; Swiss American Corp.;
-
j
&
Edw. -Lowber Stokes
>:
and F,
.
Weil
Thomas ;
pay
interest.
and
''
Placed privately with New York Life Insurance.Co,,, v
?
.
2,000,000 Segal Lock & Hardware. Co., Inc. 15-year 6% convertible
sinking fund debentures, due May 1, 1963. Purpose, retire
bank loans, expansion,
working capital. Price, par. Of¬
fered
for
subscription
by
stockholders.; Unsubscribed.
&%%:%%■
;
S. Yantis & Co., Inc..
&
Purpose,
1*5,000,000 Pepsi-Cola Co. 15-year 3% loan. Proceeds, working capital.
Wainwright
C.
Arnold; Welsh, Davis and Co.; Wertheim
&
Co.;
Wheelock & Cummins, Inc.; White, Hattier &
Sanford; Harold E. Wood & Co.; Wurts, Dulles & Co.,
&*Co.;
Sinking 'fund deben-*
bank loans, wcrkOffered by City
convertible
tyres, due June 1, 1958.
ing capital.
Price, 100
Securities ■ Corp.
.
.:■;Inc.;
.
& Co.,
FINANCIAL
&
Inc.;
2,460,000 Chicago & Eastern Illinois BR. 2%"%
equipment trust
certificates, series F, due semi-annually Jan.
1,
1949July 1, 1963. Purpose, purchase of equipment.! Priced to,
yield from 1.35% to 2.875% according to maturity. Of?
fered by Salomon Bros. & Hutzler; Drexel & Co.; Union
Securities
COMMERCIAL
!%($1,943,800) portion offered; by Pioyti D. Cert Co., Inc.
-
,
2,820,000 Chicago; .Milwaukee,' St. Paul.
ment
trust
certificates, series
Jan.
1, '1949-July
maturity.
&-
EE,
Purpose,
1958.
1,
2 % : equip-!
semi-annually
Pacific RR.
due
purchase of equipaccording to
As Co. (Inc.); Blair
Offered by Harris, Hall
Inc.;
Schoellkopf,
Hutton
Co.,
Weeden
As
Co.,
5,340,000 Chicago &
certificates,
child
As
Pomeroy,
Inc.;
and Whiting, Weeks & Stubbs.
Inc.,
.
of
Pomeroy, Inc.; Graham, Parsons & Co.; Rand
The Llinois Co., and Hayden, Miller & Co.
■
)•
•
k
due
10,000,000 Narragansett Electric Co.
due
Island
Pacific
&
Co.;
As
:
r
i
2V4 %
RR.
,
Otis
As
Co.;
Freeman
&
Co.;
McMaster
Hutchinson
"
]
..-Newton & Co.;
% Thomas & Co.
v.--
Adams
&
Co.;
%
A.
As
and F. S.
Yantis As
Co.,
100.35 and int.
Offered by The
Inc.
>
First Boston
Laurence M. Marks & Co.;
Riter & Co.
Illinois
1S58.
-
Corp.;
Central Republic Co., Inc., and
Purpose,
purchase
of
equipment.1 ;Priced
from 1.45%
to
2.70%
according
by Halsey, Stuart & Co. Inc.
11,055,000 Pennsylvania
series
•«"»
Offered
;
.
2%%
PR.
due
U,
yield
to
maturity.
to
equipment
trust
certificates.
July 1, 1949-1963.
Purpose, pur-
annually
chase of equipment,
-
.,..
priced to yield from 1.40%; to 2.70%
maturity.
Offered by Harriman Ripley &
Co., Inc.; Lehman Brothers and E. H. Rollins & Sons, Inc.
according
.
&
Washington
3V2%
RR.
mortgage bonds, series F,
due May
repay advances made by Pennsylvania
.
,
1979.
RR., etc'.
1,
on-bid
■-
of
Awarded
sota
3,500,000 Sierra
1949-July
1,
Insurance
Electric
1, 1978.
Purpose, retire
Price, 100.99 and int.
Offered
Co., Inc.
etc.
As
15,000,000 Cincinnati
series, due
Gas
Electric
&
1978.
Purpose,
!j Price, 101 and int..
Co.
1st
finance
by Halsey,
E.
mtge.
bonds,
Co. of
New York,
Inc. 3%
27/8%
program.
Agee
K.
&
Co.;
and
•
.
^%>
%
bold's
;
•
;
&
Co.;
E. M. Newton & Co.;
Otis As
Co.; Wm.
E. Pol ork & Co.. Inc.: Ralfensperger, Hughes &
Co., Inc.;
Reinholdt
&
Gardner;
The
Robinson-Humphrey Co.;
Schmidt, Poole & Co.; Shaughnessy As Co., Inc.; William
R. Staats Co.; Stifel, Nicolaus As Co., Inc.; Walter Stokes
& Co.; J. S. Strauss & Co.; Thomas As Co.; Wheelock As
Cummins, Inc.; White, Hattier As Sanford, and Harold E.
......
.
Son
v
Wood &
Co,
Light Co.
■&
1st mtge.
bonds, 3 Ve#
series,'
June
1, 1978. Purpose, payment of short-term borexpansion of facilities.
Price, 102.46 and int.
by Harriman Rip'ey & Co. Inc.
rowings,
Offered
due June
/
Telephone -Co." 1st mtge.
Purpose, repayment
1,
1978.
bonds,
series
advances
and
int.
Ajlison-W.illiams
.v
:.
.,
*
-
&
Inc.;
Kraus;
&
Co.;
Co.;
Bioren
Boettcher
&
and
and
i
Co.
(Inc.);
Co.;
B'air
&
Co.;
Cassell
&
den
-
V
.
&
-
&
Co.;
John
McMaster
&
ner
*
Co.;
E.
•
v
V,
;
'
A.
E.
Co,;
Masten
Mason-Hagan,
&
Co.;
Inc.;
<te
&
Co.;
Life
:
.
,
Burr
$17,925,000 f
stocks
of
ferred stocks
of
(Preferred
&
no
:
stated par value are taken at par, while pre¬
par value and all classes of common stock are
UTILITIES
PUBLIC
&
Inc.;
a
$1,500,000 California Electric Power Co. 75.000 shares of 5V2% con¬
vertible preference stock (par $20).
Purpose, constructioa
1/
Price, par.
Offered by
Co. of Calif.; Walston,
California Co.; Lester & Co.;
improvement of facilities.
R.
Staats Co.; Pacific
and
William
Si Co.;
Graham,
&
Maxwell,
Marshall
Dean
Inc.;
First
Goodwin;
Hoffman
Co.;
&
Witter
&
Peters, Writer & Christensen, "
Bosworth, Sullivan & Co.;
Co.;
Crowell. Weedon & Co.; Boettcher and Co.; Wesley Hall Si
Co., and Morgan & Co.
20 545,000
;
Consumers Power Co. 200,000 shares of $4.52 cumulative
preferred stock (no par).
Purpose, finance construction
program.- Price, $102,725 per share and dividend.
Offered
by White, Weld & Co.; Shields & Company; Adainex Se¬
curities Corp.; Adams
& Peck; Anderson & Strudwick;
Auchincloss, Parker & Redpath; Barret, Fitch & Co., Inc.;
J. Barth & Co.;
H.
Boynton
F.
Brown
&
Bear, Stearns & Co.; William Blair & Co.;
Co., Inc.; J. C. Bradford & Co.; Alex.
&
Sons; Byrd Brothers; Caldwell Phillips Co.; Cen¬
Republic
Co.
(Inc.);
Chace,
Whiteside,
Warren
&
Sears, Inc.; Richard W. Clarke Corp.; Cohu & Co.; George
Cooley & Co., Inc.; Courts & Co.; J. M. Dain & Com¬
serial
due
loan,
June
1,
DeHaven
pany;
,
Townsend,
Crouter
&
Bodine;
R.
B.
A. G. Edwards & Sons; Elkins, Morris
& Co.; Farwell, Chapman & Co.;
Fauset, Steele & Co.; Field, Richards & Co.; Graham,
Parsons & Co.; Hallowell, Sulzberger & Co.; Hayden, Stone
& Co.;
Hill & Co.; Hirsch & Co.; E. F. Hutton & Co.;
Jenks, Kirkland & Co.; Johnson, Lane, Space and Co.,
Inc.; Johnston, Lemon & Co.; Kaiser & Co.; Ladenburg,
Thalmann & Co.; Loewi & Co.;
Mackubin, Legg & Co.;
Laurence M. Marks & Co.; Martin, Burns & Corbett, Inc.;
[Marx & Co.; McDonald & Co.; Miller, Kenower & Co.;
F. S. Moseley & Co.; Mullaney, Wells & Co.; E. M. NewV- ton & Co.; The Ohio Co.; Pacific Northwest Co.; Paine,
Webber, Jackson & Curtis; Phelps, Fenn.& Co.; Wm. E.
:
Pollock & Co., Inc.; The Robinson-Humphrey Co.; Rotan,
Mosle and Moreland; Russ & Company;'Salomon Bros. Sc.
Hutzler; Scott, Horner and Mason, Inc,; .F. 8. Smithers Se
:
;Co.; Strader, Taylor & Co., Inc; Stroud & Co., Inc.; Sutro
&
Co.;
Walter J. v Wade, Inc.;
G. -H. Walker &: Co.;
Wertheim &;Cq.; Harold E.'Wood & Co.; Woodard-Elwood
-
-
&
Dickson & Co., Inc.;
.)
Insurance
AND
MANUFACTURING
Co.
America
of
Co.
Insurance
*
and
Massachusetts Mutual
■
■
>
.
_
*1,250,000 Hunt Foods, Inc. 15-year AV<t% debentures series C, due
V 4 May
1, 1963.
Purpose, corporate purposes.
Placed pri-
i
insurance
with two
vatcly
;
•
&
Fahey,
Co.;
j
S.
f*
r.
i
Clark
■vV'jap'Covj Wurts, Dul'es & Co;^ and(Ydrnali-! Jc iCo*
i
f 51175,5341 General Telephone Corp. 208,260 shares' of common 'fitocR
(par $20).
M.
.
;
'4
•
Co., Inc.; Alester G. Furman Si Co.; McAlister
Pate, Inc.; H. T. Mills; W. F. Coley Si Co.;
Manning; McCarley & Co.; G. H..Crawford & Co.,
Thos.
note.
.
,
250,000
(F.
due
:
.
-
ties
corporate
Langsenkamp-
May
1,
1958.
Price,
5%
withr
Placed privately
purposes.
' '•
.
serial:
-Kreisler Manufacturing -Corp.i; 10-year
\\ ' >•%
' •
fund
Corp..
,
Mannix
Co.,
>
Ltd.
,
.
,
* j
-
4'/2%
•
purposes.
-
note,
Placed
due
pri¬
'
r.
stockholders.
Underwritten%by
Warren
W.
York
200,000 Musicraft Records, Ihc. 2nd lien .collateral 6%
1
May- I,
1958 •( with detached Warrants).
*
■
4
As
Co.;
Cormick
*
&
Co.
bonds due.
purpose,v repay V
M.
Marks & Co.; Merrill Lynch^Pierce,
As
Co.;
Burge As Kraus; Bingham,
IK
4
i
Edward' D. Jones As Co.jMKebbon, McMerrill, Turben As Co.; .The. Milwaukee
Co.; Maynard H. Murch As Co.; Pacific Nqrthwest Co.;
Rauscher, Pierce As Co., Inc.; Wm. R. Staats Co.; Ball,
Co.;
Inc.;
.
Laurence
Sullivan
4
.
■
:
(guaranteed)
275,000 Musicraft Records, .Inc. 1st lien collateral 5%%
con¬
vertible bonds/due May 1, 1958.
Purpose, repay loans,
etc.
Price, par and interest.- Offered for subscription by
% %
Corp.;
i
i
1, 1958.
Purpose, corporate
vately through Blyth & Co., Inc.
?
1
debentures,
sinking
Mitchum, Tully '& Co.; Blyth As
t
Fenner & Beane; F. S. Moseley & Co.; Shields :&,Com4pany; White, Weld & Co.; Dean Witter As Co.; Bosworth,
Purpose, pay bank loans, working
interest. Offered by City Securi-
Co.
Securities Corp.;
Co., Inc.; Kidder, Peabody & Co.; Robert W%:Baird:&:Co.,
Inc.; Central Republic Co. (Inc.); Graham', Parsons
Co.;
Hornblower & Weeks; W. C. Langley & Co. % Lee Rigginson
%
100 and
May
Lvnch;" Mullaney, Wells & Co.;
O'Brian, Mitchell & Co.; Alfred
^offered
:
Webster
'
,
Benefit Life Insurance Co.
H.)
capital.
*1,200,000 (Fred)
Co.;
Lewis.
Purpose,
' Mutual
>
L.
subscribed); $25.12y2 per share to public (55,606
offered. Offered for subscription by common and
stockholders,
vUnsubscribed:. (55,606)% shares
by Paine, Webber, Jackson & Curtis; Stone As
so
preferred
&
j *750,000-( Jacquesji
j
' shares
.
Purpose, purchase of additional common stock
to certain" subsidiaries, general corporate
Price, $24.75 per share to. stockholders (152,654
advances
and
shares
,
|
-
and
of
-
•
Smith &
Smith
V.
4
-
■
1,
purpbses.
Machine Work',
Inc.
5V<2%
serial sinking
fund
(convertible), due 1949-1954. - Purpose, fund
bank debt, working capital.
Price, par. Offered by Frank
debentures
u
.
i
companies.
300,000 Hunt
!
"
;
•
Williams; Corp. ;i5-jiear lokh. Purpose, ' corporate;
Placed privately with Equitable Life Assurance
of the United-States. ~
;
>
<
; ; 1
purposes.
Society
Blair
O'Gara & Co.; Otis dc Co.; Roger S. Palmer Co.; Patterson, Copeland
Kendall, Inc.; Perrin, Wefet & Winslow,
toe.; 'Peters, Writer & Christensen, Inc.; Phelps^ Fenn
& Co^; B. W. Pizzini & Co., Inc.; Wm. E. Pollock & Co.,
York.
New
*125,000 Suburban Propane Gas Corp. 10-year 4!4%' sinking fund
debentures, due Dec. 1, 1957.
Purpose, expansion.
Placed
privately through Eastman, Dillon & Co.
1st mtge. sinking fund
warrants).
Purpose, refunding,
loans, etc.,
($212,500). ? Price,£Offered by P. W. Brooks & Co., Inc.!
interest.
Insurance
*550,000 Eureka
& Co.; Merrill
Lynch, Pierce, Fen-:
Metropolitan St. Louis Co.; The Milwaukee
Leonard
Newton
capital.
of
1966
(with
retire bank
due
and
tial
Mason,
&
Inc.;
*5,000,000 Dresser Industries, Inc.! 3J/2% notes, :due Dec.. 15,-'X962.
Purpose. workir»«» capital, y;Placed privately with Pruden¬
Co., Inc.;
McDonald
8-year 3% note.
Proceeds, working
Placed privately with Mutual Life Insurance Co.
*3,000,000 Motor Finance Corp.
„
:
Hutchinson
B?ane;
Moore,
M.
Kormendi
Co.;
Co.,
secured
Placed
computed at their offering prices.)
Courts
Co.;
Co.;
with Penn Mutual Life
'
<
'
,
($187,500);
Corp.;. C'ayton Securities Corp.; CruttenCo.; S. K. Cunnningham & Co., Inc.; Henry Dahl¬
&
series,
101 \\
Sidlo, Simons,
Co.
Acceptance Corp.. Ltd. 12-year 3V2%
series D.
Purpose, retire demand loans.
notes,
-
10-year
Inc.
INDUSTRIAL
bonds,
berg & Co.; J. M. Dain & Co.; Paul H. Davis & Co ;
Davis, Skaggs & Co.; Dempsey & Co.; Dreyfus & Co.;
Equitable Securities Corp.;
Fauset, Steele & Co.; Field,
Richards & Co.; The First' Cleveland Corp.; Foster &
Moran
&
privately with Prudential Insurance Co. of America.
400,000 Crampton Manufacturing Co. <5%%'
.
Graham, Parsons & Co.; Gregory & Son, Inc.;
HRllowell, Su'zberger & Co.; Harrison & Co.; Carter H.
Harrison & Co.;
'Hayden, Stone & Co.; Hirsch & Co.;
Investment Corp. of Norfolk; R. H. Johnson & Co.; Kaiser
-
by Peters, Writer & Christensen and
.
Marshall;
-
Merchandise, Inc. 5%
serial debentures.
Purpose,
bank loans and increase working capital.
Price, par.
Roberts
sinking fund debentures, due
June
1,
1963.
Purpose, refund short-term borrowings,
working capital.
Placed privately with four
insurance
companies through Reynolds & Co.
Bosworth, Sullivan & Co.;
Burr & Co., Inc.; H. M. Byllesby
Byrd Brothers; C. F.
& Co.
Offered
due
Pen¬
Co.
Morris
to com¬
sinking
line
&
subordinate con¬
Purpose,
*10,000,000 Industrial
*$5,000,000 Brown & Bigelow 15-year 4%
City Securities
,
1962.
"
Co.
pay
"
B,
K.
Ferguson,
Placed privately
OTHER
Inc.;
George
&
ACCESSORIES
AND
1,
300,000 Flaks
Purpose, construction and equipment of new tractor
Co.
,
Amott,
William
& Waggoner.
June
*3,000,000 Davidson Bros., Inc. 4%
sinking fund debentures, dueMay 1, 1963.
Purpose, corporate purposes.!' Placed pri¬
vately with insurance companies, through Eastman, Dillon
tral
1958.
Co.;
J- C. Bradiord & Co.;
! ,!
Co.,
Co.
&
due
MISCELLANEOUS
Inc.; Salomon Bros. & Hutzler; Seott,
Inc.; Chas. W. Scranton & Co.; Sterne,
Thomas & Co.; Harold E. Wood & Co.,
Wyatt, Neal
plant.
made
Co., Inc.; Geo. G. Applegate; Arthurs,
Lestrange
& KUma; C. S. Ashmund Co.; Atwill and
Co.; Auchincloss,
Parker,. & Rod path;
Ball,
Burge &
&
,
Stuart
As
by Halsey,
Ames, Emerich
Baker &
-Baum
}
Offered
Cq.;
Evans
'
*$1,500,000 Broadway Department Stores, Inc. 4% serial notes, due
May 1, 1958-1968.
Purpose, retire short-term bank loans.
Placed privately with institution through Blyth & Co., Inc.
Co.,
'
S\' by American Telephone As Telegraph Co. (parent). Price,
■102%
&
Leach;
*$1,500,000 (Harry)
•
of
3Vs%
pipe
Connecticut
companies,
Life, North.
R.
•
§0,000,000 Illinois .Bel)
bonds,
due June 1, 1968. Purpose, pay
addition to properties. Price, lOOii
A.
Life.
Crown
Co.;
Canadian
five
Confederation
STOCKS
bonds,
mtge.
Life,
plant facilities. ? Price, par.
Offered for sub¬
by stockholders.
Underwritten by Ladenburg,
new
Thalmann
Mason,
MOTORS
„
,
Clement
and
debentures,
scription
$328,432,600
100
11,000,000 Florida; Power
.-•due
'
<
plete
fund
Employees'
Offered
Cc.;
Life
Insurance
and
Co.
RUBBER
vertible
&
&
Burr
tional Corp.;
•
series,
3%
1st
Co.
Life
Aetna
Insurance
$300,009 U. S* Rubber Reclaiming Co., Inc. 4'/2%
*25,000,000 Tennessee Gas Transmission Co. 37/s%
debentures, due
1966.
Purpose, expansion. Placed privately through Stone
& Webster Securities Corp. and White, Weld & Co.
Underwritten
Baum
Gas
York.
New
of
'v'
$41,773,000
&
&
convertible
by Halsey, Stuart As Co., Inc.;
As Co., Inc.; Central Na¬
E. W. Clark & Co.; Clayton Securities Corp.;
Henry Dahlberg & Co.; Dempsey & Co.; R. S. Dickson &
Co., Inc.; Fauset, Steele As Co.; Green, Ellis & Anderson;
Gregory As Son, Inc.; Hirsch As Co.; Johnston, Lemon &
Co.; Leedy, Wheeler & Alleman, Inc.; Marx & Co.; Mul! laney, Wells As Co.; Nashville Securities Co.; W. H. NewGeorge
&
Pollock
E.
($28,000,000), balance for new construction ($4,Price, par. Offered for subscription by common
stockholders.
v
mtge.
Co.
Manufacturers
;
Brothers; Cohu &
Co., Inc.; Elkins,
Horner
Purpose,'refunding ($24,995,329), retirement of bank loans issued to finance con¬
387,271).
list
Co.
Co.;
Life
Life,
American
Co.; Harrison & Co.; Hayden, Stone & Co.;
Co.; Johnson, Lane, Space & Co., Inc.; R. H.
Johnson & Co.; Milhous, Martin & Co.; E. W. & R. C.
Miller Si Co.; E. M. Newton & Co.; The Ohio Co.; Otis
&. Co.; Roger S. Palmer Co.;- Phelps, Fenn & Co.; Wm,
debentures, due June 1, 1963.
struction
H
by Halsey, Stuart
Stockton Broome &
Parsons
Offered by Morgan Stanley
Edison
sinking
mtge.
Armour
and
|
Power
Natural
bonds,
Este
Stuart
Hutton &
87,382,600 Consolidated
,
Pacific
Hirsch
construction
Co.,
Co.;
Company, Inc.; Byrd
R. S. Dickson
& Co.;
Co.; Goldman, Sachs & Co.; Kidder, Pea3.%. body
Co.; McDonald As Co.; Merrill, Turben & Co.; Mayhard H. Murch & Co., and The Ohio
Company.!'
;
W.
1st
Co.;
mtge. 3% bonds, due
bank loans, construction,
June
Sun
corporate purposes.,;
Allison-Williams
1st
Co.
Insurance
of Chicago.
interest.
and
Co.
Power
Insurance
Mutual
,
1978.
fund
promissory notes, due Jan. 1,
Purpose, refunding.
Placed privately
1958.
Home Life
California
3'/2%
Co.
Purno-e,
Service Co. 3%
notes, construction and
4%>
Co.
1P68.
Insurance
Corp.;
Purp'ose,
finance
construction.
Price,
and interest.
Offered by Halsey, Stuart & Co. Inc.
due
PUBLIC UTILITIES
Bridge
Service
Public
Public
Mutual
23,000,000 Southern
with
2,500,000
Indiana
sion Fund
$£5,675,000
t:
-.-1
-
1,
*$150,000 Allentown
Share
&
Life
*2,750,000 York Corp; 3%% first mtge sinking fund, bonds, due 196?.
Purpose,
complete plant modernization, corporate purposes.
Sold privately through Union Securities Corp. and
Stone &
Webster Securities
Corp. with New York Life
1978.
Purpose,
finance construction program.
Placed
privately with Lincoln Life Insurance Co.; Royal Neighbors
of America; American United Life Insurance Co.; Minne¬
Fredericksburg & Potomac RR. 2V4%
equip¬
certificates, series of 1948, due quarterly
1»48-Sept. 1, 1958.
Purpose, purchase of equip¬
ment.
Prided to yield from 1.20% to 2.375%. according
to maturity.
Offered by Halsey, Stuart & Co. Inc.; R. W.
''Pressprich & Co., and Freeman & Co. V ;
; '
•:a
Mutual
The
Co.;
note due June 1, 1963. Purpose,
Placed privately with
acquisition of constituent company.
•
privately
*600,000 Northwestern
par.
trust
Dec.
*1,500,000 Tivoli Brewing Co. 3»/2%
with Equitable Life Assurance Society of
United States through Central Republic Co. (Inc.).
the
Purpose,
2,400,000 Richmond,
ment
Bond
&
& Co.;
debentures, ore April 1.
Placed
to Equitab'e'Life Assurance Society of the United States
~
,
„
-
*9,000,000 Northern
general
"
Indianapolis
Company;
Hutton
JW, E.
„
to
417,570,000 Philadelphia, Baltimore
Weeks;
&
Kalman & Company, Inc.; Kebbon, McCormick & Co.; A. M. Kidder & Co.; Kidder, Peabody & Co.; Kirkpatrick-Pettis Co.; Kuhn, Loeb & Co.;
Lee
Higginson
Corp.;
Lehman Brothers;
Laurence
M.
Marks & Co.;
Mason-Hagan, Inc.; McDonald & Co.; Mer¬
rill Lynch, Pierce, Fenner & Beane; Merrill, Turben & Co.;
F. S. Moseley & Co.; Maynard H. Murch & Co.; The Ohio
Company; Paine, Webber, Jackson & Curtis; R. W. Press¬
prich & Co.; Putnam & Co.; Salomon Bros. & Hutzler;
Smith, Barney & Co.; F. S. Smlthers & Co.; Stone &
Webster Securities Corp.; Strader, Taylor'& Co., Inc.;
Stroud & Company, Inc.; Tucker, Anthony & Co.; Union
Securities Corp.; G. H. Walker & Co.; White, Weld & Co.;
Whiting, Weeks & Stubbs; Dean Witter & Co.,
'
,
'//V
Hornblower
Johnston, Lemon
1,760,000 Louisiana & Arkansas Ry. 2%% equipment trust certificates, series C, due semi-annually Jan. 1, 1949-July 1,
;
Inc.;
Co.,
debentures.
working
& Co., Inc.; Robert W, Baird & Co.%Inc.; f
Allyh
&
Son;
Dick
As
Merle-Smith;
Goldman,% Sachs & Co.; Kidder,
Peabody As Co.; F. S. Moseley & Co.; Stroud As Co., Inc.;
"
Co., Inc.;
Bosworth, Sullivan & Co.; Bramhall,
Barbour & Co.,
Inc.; Alex. Brown & Sons; jButcher &
Sherrerd; Chaplin and Co.; Clark, Dodge & Co.; Cooley &
Co.;
Dominick
& Dominick;
The
Dominion
Securities
Corp.: Drexel & C">.; EsUbrook & Co.; Fahey, C'ark &
Co.; Ferris & Company; The First Boston Corp.; First of
Michigan Corp.; Folger, Nolan, Inc.; Glore, Forgan & Co.;
Goldman, Sachs & Co.; Harriman, Ripley & Co., Inc.;
Harris, Hall & Co. (Inc.); Hayden. Miller & Co.: Hayden.
Stone & Co.; Henry Herrman & Co.; J. J. B. Hilliard &
14,000,000 Kansas City Southern Ry. 1st mtge. 3%% bonds, series
B, due June 1, 1968.
Purpose, prepay promissory notes.
,Price,
Cv
Blyth
Peck;
Thomas As Company,
Electric Products, Inc. 3%%
15-year sinking
Purpose, repay $14,000,000 bank loan,
capital.
Placed privately - with Equitable LifeAssurance Society of the United States.
fund
.
Dempsey As Co.; Dick As Merle-Smith;
Freeman As Co.; Ira Haupt As Co.; Hornblower As Weeks;
Nashville Securities Co.; Otis & Co.; B. W. Pizzinl & Co.,
Inc.; the Robinson-Humphrey Co.; L. F. Rothschild &
'•
Co.; Wm. E. Pollack &
Otis &
■
90,000,000 New York Telephone Ce. ref. mtge. 3% bonds, series F,
«
due July -1, 1981.
Purpose, repay short-term bank loans,
construction requirements.
Price, 101 Va and int.
Offered
by Moraan Stamey &
Co.:
American Securities Corp.;!
Co.; Mul.aney, Welis & Co., and F. S. Yantis As Co.
7,000,009 Gulf, Mobile & Ohio RR. collateral trust 3%%, bonus
'
due July 1, 1968. Purpose, purchase of equipment.-.Price,
101
and
int.. Offered by
Halsey,; Stuart Si CO. Inc.;
,
The Illinois Co.; Mullaney, Wells & Co.; E. M.
*15,000,000 Sylvania
Purpose, finance construction program.
Price,
int.
Offered by Halsey, Stuart & Co., Inc.;
Hill & Co.;
equipment
...V! trust certificates, due semi-annually Jan. 1, 1949-July 1,
1963.
Purpose, purchase of equipment.
Priced to yield
from 1.20% to 2.575%, according to
maturity. Offered by
Halsey, Stuart ,<fe Co, Inc.; R. W. Pressprich As Co.;
<
,"
Rock
series B, 3%,
mtge. bonds,
1st
and
1978.
102.39
;•
4,590,000 Chicago,
Co.
&
*4,300,000 Monmouth Consolidated Water Co. 1st mtge. 3%% bonds,
%,;! series A, due 1973. Purpose, refunding ($3,564,000); repay?
bank loans and
advances by parent ($736,000).
Placed
t '
privately with four insurance companies.
,
!
North
Western
Ry. 2%%
equipment trust
annually Aug. 1,
1949-1963.
Purpose,
equipmnet.
Priced to yield from 1.40% to
2.65%
according to maturity.
Offered by Harris, Hall
As
Co.
(Inc.);
Blair & Co., Inc.;
Equitable Securities
Corp.; R. W. Pressprich As Co.; Schoellkopf, Hutton &
purchase
,
«
Priced to yield from 1.30% to 2.40%
ment.
;
148,000 Super Electric Products Corp. Series A convertible par¬
ticipating 5% notes (with common stock purchase war% :
rants).
Purpose, payment of Federal and state taxes,
working capital, etc.
Price, $100 per unit, consisting of
$100 principal of notes
and 10 warrants.
Offered by
Kaye, Real & Co.
12,000,000 Kansas City Power & Light Co.' 1st mtge, bonds,.<2ye%
series, due 1978.
Purpose, finance construction.
Price,
%
V
101.51548 and int.
Offered by Lehman Brothers; Bear,
Stearns & Co.; Hayden, Stone & Co.; Laurence M. Marks
& Co.; Paine, Webber, Jackson & Curtis, and L. F. Roths¬
4;.
;
of
Sheldon As Co.; William Blair &
Brush, Slocumb As Co.; Campbell, McCarty Ac Co.,
Carter H. Harrison As Co.; J. M. Dain As Co.; First
Michigan
Corp.;
Lester As Cp.;
McCourtney-Brecken-
ridge As Co.; Stix As Co., and Watling,
'•
Lerohen As Co. ;>;r
923,800 Interstate Telephone .CP, 9,238 shares of $5.50 cumulative
preferred.stock (no par).., purpose;; repay bank Joans, etc.,
:.!•)
*Indicates'Issues
.
.•'."toorT
placed privately.
,
I- r vy.' '•*. '\'S '
.
- „f
■
v
.
■•'•:'
,
;:f-
Volume
168
THE
Number 4721
additions,
Offered
by
Paine,
St
pany;
Glore,
$3.25
Becker &
&
Co.;
Hallgarten
b'ower
&
Laird,
Weeks;
Bisseil
Graham,
& Co.;
Milwaukee
The
Co.;
Schoellkopf,
Meeds;
St
Parsons
Co.;
St
Horn-
vi'/-;
'i4;
Stifel,
Co.;
Nicolaus
Co.,-Inc.; Stix
&
Burke
Co.;
&
„
\
stock
cost
Offered
by
3,500,60(1 New
York
'
\Z
4.50%
Co,,
Inc.;
Sons,
State
Electric
construction
stock
preferred
cumulative
/
Public
construction
Co.;
&
loans
per
& Co.;
Dain
Co.;
Inc.;
Co..
Francis
'
Pont
St
Drexel
Dominick:
$26.50
&
The
Co.;
Lemon
&
Kalman
liam
■«'•••
R.
Co.;
St
Moore
Staats
&
F.
Starkweather
Co.;
Webster
-
Securities
Corp.;
Trask
&
Bros.
Stern, Frank
St Co.; Stone
Co.;
Stix
.
Anthony & Co.;
Tucker,
Co.;
preferred
funds.
&
Co.,
Co.;
Inc.;
St
Price,
Inc.;
Burr,
Fridley & Hess.
$100
per
First
/
share
share.
500.001
808,000 West
$5
par.
Virginia
preferred
etc.
Allen
Price,
&
Co.
by
Offered
$101
share
per
-
-
105,000 Wichita
preferred
rants),
St
AND
Co.
v
.
Co.,
Price,
$8
plus
Price,
$9
per
.
-
share.
.
,
-
'•
-
-
.
America
of
110,000
Offered
A
/i&u.
shares
of
mon
>
by
St
Higginson Corp.;
New
-
'
'
by
(par
common
$70
common
market
Murphy.
unit.
per
$10).
Offered
Purpose,
working
Converse,
by
Po-
*
-
•
i"
->
.
-
r
,
.
.
Control, Ine. 200,000 shares of * com¬
Purpose, purchase of constituent
working capital, etc.
Price, $1 per share. Of(par
James
10c).
T.
De
Witt
Co.
York.
Not Representing New Financing
shares
Inc.
2,605
of
Price,
j.
shares
>
.
"
$16.75
6%
!
j,;
war¬
stock.
D.
-com¬
Lester
Co.;
Pacific
Co.
&
Son;
Russ
&
per
Co.
share.
200
Placed
shares
preferred
by Edward
of
privately
-
due
1977.
Edison
Co.
86,000
shares
of common stock (par
Offered by Coffin St Burr,
Price, $21% per share.
and Spencer Trask & Co.
,
St
Co.;
R.
W.
Pressprich
&
Co.;
Paul
H.
Davis
St
Co.;
The
First Boston Corp.; Lehman Brothers; Carl M. Loeb,
Rhoades St Co.; Scott & Stringfellow; Shields & Company;
Singer, Deane St Scribner, and Smith, Barney & Co.
1,675,000 Kerr-McGee Oil Industries, Inc. 100,000 shares of common
stock (par $1).'Price, $16.75 per share.
Offered by Leh¬
,
Brothers; Straus & Blosser; Atwill and Co.; Bache &
Co.; Bacon, Whipple & Co.; J. Barth & Co.; Bear, Stearns
& Co.; William Blair & Co.; Boettcher and Co.;
Bosworth,
Sullivan & Co.; J. C. Bradford & Co.; Brailsford St Co.;
man
Buckley
.
Securities
Corp.;
Central
Republic
Co.
(Inc.);
Cohu
St Co.; Crowell, Weedon St Co.; Dempsey-Tegeler &
Co.; Dewar, Robertson & Pancoast; Dittmar St Co.; Dixon,
l
Bretscher,
Chapman
of
;
1
Inc.; A. G.
Fewel & Co.;
Edwarc's St Sons; Farwell,
First California Co.; First
Chicago; First
Hallgarten St Co.; Wm. P. Harper & Son &
Co.; Hayden, Stone & Co.; H. Hentz St Co.; Hill Richards
&
Co.; Holley, Dayton & Gernon; C. Edgar Honnold;
Hornblower St
Weeks;. Howard, Labouisse, Friedrichs &t
i
■
Noonan,
St Co.;
Michigan Corp.; First Securities Co. of
Southwest Co.;
'
&
Co.; Johnston, Lemon St Co.; T. H. Jones & Co.; Kalman
&
Co.-, Inc.; Kebbon, McCormick & Co.; Lee Higginson
":Corp.; Lester St Co.; Link, Gorman & Co.; Carl M, Loeb,
Rhoades
&
Co.;
Marx
& Co.;
Mason, Moran
&
Co.;
Revel
Miller St
Co.; Moroney, Beissner & Co.; Mullaney, Wells &
Co.; The Ohio Co.; Pacific Co. of California/Pacific North-
I
I
1
west
Co.;
Pierce &
300,000 Texas Union Oil Corp.' 800,000 shares Of common stock
\ *< •
(par 10c). .Purpose, $qulp oil yells,.etc. Price, 37Vb cents
per share.' Oxiered py ptewart J. Leo St Co.:;
;
: r
Machinery
Co.
Manufacturing Co. 51,500 shares of common stock
(par $1). Price, $38.87V2 per share. Offered by Hallgarten
CaU-
;Inc.; William R. Staats Co.; Stein Bros. St Boyce; Sutro &
Co., and Woolfolk, Huggins & Shober.
Shoe
Price, $30
Jones
2,002,062 Jay
Pacific Northwest Co.; Paine, Webber, Jackson &
Rauscher, Pierce & Co., Inc.; Reinholdt & Gard¬
Irving J. Rice & Co./inc.; Roe & Co.; E. H. Rollins &
Dallas Rupe
Carl
27,990 Indiana Gas A Water Co., Inc. 5,555 shares of common
stock (par $10).
Price, $18 per share. Offered by Glore,
Forgan & Co.
>'•
-
v-- '
of
by
«1721,500 (H. L.) Green Co. 18,500 shares of capital stock (par $1).
Price, $39 per share. Offered by Eastman, Dillon St Co.
per
Co.;
common
370,000 Cornell Wood Products Co. 20,000 shares of common stock
(par $1).
Price, $18.50 per share; Offered by Bacon',
Whipple & Co. and including Robert W. Baird St Co. and
Rodger, Kipp St Co.
&
The. Ohio
15,588 shares of
share.
Offered
per
2,700,000 Cities Service Co. 3% sinking fund debentures,
Price, 87., Offered by The First Boston Corp.
common
Co.; Link, Gorman & Co.;
Loeb, Rhoades & Co.; Marx & Co.; Mason, Moran
Revel Miller & Co.; Moroney, Beissner & Co.; Mul¬
Co.
$30
Shoe
*6,000 Champion
par.
Hayden. Stone & Co.; H. Hentz &
Co.; Holley, Dayton & Gernon; C.
Cement
Machinery Co. 10,000 shares of common
stock.
Price, $3.50 per share. Placed privately by Edward
D, Jones & Co.
,
of
Portland
(no par).
Price,
Rhoades St Co.
*35,000 Champion
Co.; Scherck, Richter
Co.; Schoellkopf, Hutton & Pomeroy, Inc.; Schwabacher &
Co.; Seligman. Lubetkin & Co.,.Inc.; Sills, Minton & Co.,
,
of
stock
M.
fornia;
Sons;
•:
»-
Price,
Co.;
Richards
&
of
Price,
&
Aerial Insect
by
Issues
Edgar Hcnnold; Hornblower & Weeks; Howard, Labouisse,
Friedrichs St Co.; Johnston, Lemon St Co.; T. H. Jones St
Co.; Kalman St Co., Inc.;' Kebbon, - McCormick St Co.;
Lee
shares
Farm Loan and Government
Agency Issues
Chapman & Co.; Fewel & Co.; First California
Co.; First of Michigan Corp.; First Securities Co. of Chi- :
cago;
First Southwest Co.; Hallgarten & Co.; Wm. P.
i
6,000
$55,155,000 Federal Intermediate
Credit
Banks
1.55%
consolidated
debentures, dated July 1, 1948, due April 1, 1949, Pur¬
pose, refunding, <$34,010,000); new money, ($21,145,000).
Price, par.
Offered by Charles R. Dunn,
fiscal agent,
Purpose, retire short-term notes, acquisi¬
etc.
Son &
Inc.
Co.
stock
fcred
Farwell,
&
cumulative
stock
Airlines
share
company,
*
ford & Co.; Buckley Securities Corp.; Central Republic Co,
(Inc.); Cohu & Co.; Crowell, Weedon & Co.; DempseyTegeler & Co.; Dewar, Robertson & Pancoast; Dittmar St
Co.; Dixon Bretscher Noonan, Inc.; A. G. Edwards & Sons;
Hill
10,000 shares of 6%
Co.
Purpose, working capital.
share).
Offered by Kitchen
Price,
&
-200,000, Stuart
share.
Offered by
Lehman Brothers; Straus & Blosser; Atwill and
Co.; Bache
St Co.; Bacon, Whipple; St Co,; J. Barth St Co.;
Bear,
Stearns & Co.; William Blair & Co.; Boettcher and Co.;
Bosworth, Sullivan & Co.; J. C. Bradford & Co.; Brails-
Harper
& Co.;
Knicker-
par.
$1).
lord & Talbot.
Curtis;
siibscription
„
.
,
common
purchase
Purpose,
by Aetna Securities Corp.
Co.;
&
ferred stock series A (par $10)„ fyith warrants. Purpose,
expansion, working capital. Price, par. Offered by Hanna-
?
5
w
'•
3,350,000 Kerr-McGee Oil Industries, Inc. 200,000 shares of
per
Price,
per
one
korny
•;
OIL
and
Beissner
McClung
290,000 Pepsi-Cola Bottling Co. of Memphis (Tenn.) 58,000 shares
of
common
stock (par $1).
Purpose, payment of notes
payable, purchase of supplies, etc.
Price, $5 per share.
Offered by Bullington-Schas &
Co., and Leftwich & Ross.
150,000 Schuyler-Wilson Co. 15,000 shares of 67c cumulative pre-
$296,000 Fleet Oil Corp. 296,000 shares of common stock (par 5c).
Purpose, drilling arid equipment. Price, $1 per share. Of¬
MANUFACTURING
for
V:;/
Inc.
Carl M.
.Offered
and
capital.
■
$20).
Purpose, working capital.
-Price,
Offered by Prescott, Wright, Snider Co.
$1).
Moroney,
and
140,000 Penn-AHen Broadcasting Co. 6,000 units of stock, earh
unit consisting of 6 shares of class A common
(par $10)
$20),.
leases,
Heating Corp. 149,000 shares,
Purpose, corporate purposed
by Mercer Hicks & Co.
by
Co.
&
preferred
$7
1,859,750 Detroit
of
par).
Offered
Newhaus
(par
(about
$26,613,670
tion
Glass
Offered
(par $25).
Purpose, retire
Offered by Wagenseller & Durst;
Co., and Bingham, Walter & Hurry.
St
stock
general corporate purposes.
Offered by Wm. O. Duntze, New
Building Material Co.,
stock (par
pet-
:
loans.
Lester
Gibbs Sewing Machine Co. 6,000 shares Of 5%
convertible preferred stock, series A (par $50).
Purpose, finance plant expansion.
Price; par; Offered for
subscription by stockholders.
fered
$9
Inc. 5,000 shares of 5 Va%
cumulative
(par $50). Purpose, remodel store build¬
par.
42,000 Mid-Continent
cumulative
Co.
•:
stock
convertible
300,000 Willcox A
&
Price,
Purpose,
$100.
(par
stock
common
$42,106,540
,
stock
mon
shares (no par)
loans, expansion,
dividend.
Tuffly,
bocker.
■
bank
(no
class
Of
25,000 shares of
corporate purposes.
(no
share.
250,000 Lawrence Warehouse
''
Building Material Co., Inc. 1,050
stock, series of 1948 (with stock
$25 per share.
Vultee Aircraft Corp.
1,159,849 shares of
(par $1). Purpose, replenish working capi-
stockholders,' ",
shares
working capital.
by Prescott, Wright, Snider Co. /
65,125 Wichita
,
8,000
■'
•
tal.
2
59,000
yt'//
share.
per
par
Offered
Purpose, operations, etc. Price, $3 per unit of one share
of each. Offered by H. B. Burr & Co.
stock
Works
to
(
Reproducer
15c).
laney, Wells
10,428,641 Consolidated
Brass
&
Price,
Underwood,
*
per
stock
common
stock
$16
public
public by company.
Radiant
per
preferred
ing.
$467,640 Alpha
:
-common
250,000 Kupp
Electric Products Corp. 49,900 shares of common
stock (par $2).
Purpose, payment of Federal and State
taxes, additional working capital, etc.
Price, $3 per share.
Offered by Kaye, Real & Co..
ner;
'■3
$2
to
stock
common
York.
$297,000 Columbia Television, Inc. 99,000 shares of preferred stock
(par $1) and 99,000 shares of common stock (par 15c).
,1
of
149,700 Super
$75,627,334
INDUSTRIAL
&
Corp.
(par
& Co.;
OTHER
&
Offered by Marx & Co.
Price, $1.50
Corp.
Purpose, repay bank
Shea
and
City Securities
Service
Water
stock.
of
Price,
capital
Price.
to
stock (no par).
Purpose, increase capital and
surplus.
Price, $100 per share.
Placed
privately with
Prudential Insurance Co. of America.
...
(pat
stock
common
Inc.
Purpose,
Offered
Price, $2
Standard Tube Co. 136,667 shares of class B common stock
(par $1).
Purpose, repay loan, etc.
Price, $3 per share.
Offered for subscription by stockholders.
stock
200,000 United Telephone Co., Inc.; 2,000 shares of 5% cumulative
preferred stock (par $100).
Purpose, improvements, etc.
Price,
shares
2,000
Cleland Co.
165,000 Sterilseat
divi¬
and
v.
175,000 Southern Frigid-Dough, Inc. 50,000 shares of common stock
(par 50c).
Purpose, working capital.
Price, $3.50 per
shares of common
Purpose, construction of pipe line.
Sold privately to 23 purchasers.
share.
Iron
Union
Southwest
*5,000,000 Texas Gas Transmission Corp. 625,000
stock.
of
operations.
of
etc.
$16.75
subscription
:::/. ■;./>
Casablanca,
$650).
298,000 Continental
Corp. 2,710 shares of 6%
preferred stock (par $100) and 2,710 shares of
stock (par $1).
Purpose, working capital.
Price,
unit consisting of one share of each.
Offered by
James D.
by E. H. Rollins & Sons Inc.; A. C. Allyn
Rauscher, Pierce St Co. Inc.; W. C. Gibson
Coffin
Corp.
Recorder
common
25,000 shares of 5% cumulative
$100>.
Purpose, pay bank loans,
(par
Ages
$101 per
Offered
&
:
stock
working
general
(H.)
(par
cumulative
2,500,000 Southern Union Gas Co.
dend.
of
of
capital,
shares);
.
/■' agents).
/
shares
17,440
Co.
working
3,440
preference
■
Offered by Kaye, Real & Co.
273,710 Sound
Securi¬
ties Corp.;
Wagenseller & Durst, Inc.; G. H. Walker St
Co.; Walston, Hoffman & Goodwin; Watling, Lerchen &
Co.; Weeden & Co., Inc.; Wertheim & Co.; C. N. White
& Co.; White, Weld &
Co.; Whiting, Weeks & Stubbs;
Wilson. Johnson St Higgins; Dean Witter & Co.; WoodardElwood & Co.; Wulff, Hansen St Co., and Yarnall Sc Co.
cer
shares
(for
*30,000,000 C, I. T. Financial Corp. 300,000 shares of $4 cumulative
and White, Weld & Co.
149,000
expansion
Purpose,
share.
participating preferred stock (pan $4). Purpose, additional
working capital.
Price, $5 per share. / Offered by John L.
Nolan, Inc>"
&
&
& Youngberg; Stroud &
Swiss American Corp.; Spen¬
Co.
Co.
(for
shares).
Offered for
by stockholders
subscribed). Unsubscribed (14,000 shares) offered
Interstate Securities Corp.. and-selected brokers (afi
by
...'
225,000
,
Stone
Company Inc.; Sutro St Co.;
■■■$
Stein
Co.;
&
Glass
Purpose,
Insurance
$10).
14,000
(3,440
.
by Lee Higginson Corp.
Scribner; Smith, Barney
S. Smithers St Co.; Wil¬
Boyce;; Stephenson, Leydecker &
Meyer; Stewart, Scanlon & Co.;
,
,
Ridge
(par
stockholders
Lynch;
295.000 Sandy Hill
Chas. W. Scranton & Co.; Shields & Co.; Shuman,
Deane
261,540 Blue
Pearson,
par).
Purpose, reimburse company for cost of shares pur¬
chased from stockholder.
Price, $13.50 per share.
Offered
Co., Inc.;
Singer,
Co.;
Purpose,
"
Walker & Co.,
27,000 Rock
& Co.; Hayden,
Stone & Co.;
Henry Herrman & Co.; J. J. B.
Son; Hill Richards St Co.; Holmes & Sandman;
Fay; Hornblower St Weeks;
W. E. Hutton &
Illinois Co.; William D. James Co.; Johnston,
Co.; Robert C. Jones St Co.; Kaiser St Co.;
Agnew St Co.;
& Co.; Smith,
Ohio
cumulative convertible
corporate purposes.
of 5%
$25).
share.
Co.;
Kebbon, McCormick & Co.; Kidder,
Peabody & Co.; Kirkpatrick-Pettis Co.; Frank Knowlton
& Co.; Max I. Koshland & Co.; Kuhn, Loeb & Co.; Laird,
Bisseil & Meeds; W. C. Langley St Co.; Lawson, Levy &
Williams; Lazard Freres & Co.; H. Irving Lee St Co.; Lee
Higginson Corp.; Lehman Brothers; Leib, O'Connor & Co.;
Lester & Co.; Carl M. Loeb, Rhoades & Co.; Irving Lundborg & Co.; Mackubin, Legg & Co.; Laurence M. Marks
& Co.;
Mason Brothers; A. E. Masten & Co.; Maxwell,
Marshall & Co.; McAndrew & Co., Inc.; McDonald & Co.;
Merrill Lynch, Pierce, Fenner & Beane; Merrill, Turben
St Co.; Revel Miller St Co.; The Milwaukee Co.; Mitchum,
Tully & Co.; Moore, Leonard St Lynch; Morgan, Stanley
& Co.;
F.
s. Moseley & Co.;
Mullaney, Wells & Co.;
Maynard H. Murch & Co.; Newhard, Cook & Co.; The
Ohio
Co.;
Pacific Co.
of
California;
Pacific Northwest
Co.; Paine, Webber, Jackson St Curtis: Peters, Writer St
Christensen,
Inc.; Piper, Jaffray St Hopwood; Prescott,
Hawley, Shepard & Co., Inc.; R. W. Pressprich St Co.;
Putnam &
Co.; Raggio, Reed & Co.; Reynolds & Co.;
Richey, Baikie & Alcantara; Riter St Co.; E. H. Rollins
& Sons Inc.;
L. F. Rothschild St Co.; Salomon Bros. Sc
Hutzler; Schoellkopf. Hutton & Pomeroy, Inc.; Schwabacher
& Co.;
■■
,
Miller
Noyes & Co.;
&
(par
50c).
Hayden,
Hilliard St
The
Republic
Central
,
Ames,
Blair St-
Inc.;
E. H. Rollins St Sons, Inc.; Scherck
Smith, Barney & Co.; William R. Staats Co.;
Stein Bros. & Boyce; Stroud & Co., Inc.; Union Securities
Corp.; G. H. Walker St Co.; Whiting, Weeks & Stubbs;
Dean Witter & Co., and Yarnall St Co.: : /
$1).
G. H.
Co.; Goldman, Sachs & Co.; Graham, Parsons St Co.;.
Granbery, Marache & Co.; Wesley Hall St Co.; Hallgarten
St Co.; Harriman Ripley St Co., Inc.; Harris, Hall & Co.
Hooker
stock
298,000 Phoenix
&
(Inc.);
Co.;
&
Sons;
Price, $10Q
Co.;
&
Co.,
&
Rogers St Tracy, Inc.;
Frank
Maynard H. Murch & Co.; Pacific Co.
of California; Pacific Northwest Co.; Paine, Webber, Jack¬
son St Curtis; E. H. Rollins St Sons, Inc.; Rotan, Mosle
and Moreland; Schoellkopf, Hutton St Pomeroy,
Inc.;
Schwabacher & Co.; Shields & Company; Shuman, Agnew
& Co.; Singer, Deane & Scribner; William R. Staats Co.;
Stone & Youngberg; Sutro & Co.; Tucker, Anthony & Co.;
Eastman, Dillon & Co.; Elworthy & Co.; Equitable Securities Corp.; Estabrook &
Co.; Farwell, Chapman St Co.; First California Co.; First
of Michigan Corp.; Ma'xfield H. Friedman; Glore, Forgan
Hemphill,
Monell
privately.
Leonard &
Co.;
&
Minsch,
&
Brown
Dillon
Richter Co.;
t
,
Co.; McDowell, Dimond & Co.; Mason, Moran
Company; Graham, Parson & Co.; Hallgarten & Co.; Wm.
P. Harper
& Son & Company; Hayden, Stone St Co.;
Hemphill, Noyes & Co.; Hill, Richards St Co.; Lester Vte
Co.; Irving Lundborg & Co.; McAndrew & Co., Inc.;* The
Milwaukee
Company;
Mitchum,
Tully
&
Co.;
Moore,
Davis, Skaggs & Co.; Dempsey& Co., Inc.; Dillon, Read
&
"
Johnson,
Co.;
Becker
Lynch, Pierce, Fenner St Beane; The Milwaukee
Co.; Paine, Webber, Jackson St Cur.tis; Piper, Jaffray <&?
Hopwood;
Putnam St
Co.; Quail
& Co.;
Riter St Co.;
Bateman, Eichler & Co.; Blyth & Co., Inc.; Boettcher &
Company; Brush, Slocumb & Co.; Central Republic Co.
(Inc.); Davis, Skaggs; & Co.; R. S. Dickson St Co., Inc.;
Eastman, Dillon & Co.; El worthy & Co.; First Southwest
Dickson
S.
Dominick
du
I.
St Co.;
R.
Co.;
&
Alex.
G.
Merrill
Phelps & Co.; Grande &
Fraser,
Metals Corp. 600,000 shares of capital stock
Purpose, augment working capital.
Price, $15
per share.
Offered "by The First Boston Corp.; Dean Wit¬
ter & Co.; Allen & Company; A, C. Allyn & Co., Inc.;
(par
Baker,
Eichler &
&
Sons;
9,000,000 Fermanente
Co.;
J. M.
Tegeler
«fe
r
,
cumulative pre¬
stock, scries A of 1948 (par $100).
Purpose, work¬
ing capital.
Price, par arid div.
Offered by Kiser, Cohn
& Shumaker, Inc., and Raffensperger, Hughes & Co., Inc.
Weeks & Harden; J. Barth St Co.;
Bateman,
Co.; Bear, Stearns & Co.; A. G.
Becker
St
Co..
Inc.;
Bingham. Walter & Hurry; Blair
& Co., Inc.; William Blair & Co.; Boettcher & Co.; Bosworth, Sullivan & Co.; H. F. Boynton & Co., Inc.; Alex.
Brown St Sons; Brush, Slocumb St Co.; Central Republic
Co.
(Inc.);
Clark, Dodge & Co.; E. W. Clark & Co.;
Coffin St Burr, Inc.; Julien Collins & Co.; Crowell, Weedon
<-■
&
Inc.;
Eastman,
A.
Co.; Goldman, Sachs St Co.; Harriman Ripley & Co., Inc.;
Stone St Co.; - Hemphill, Noyes. St Co.; Horn*
blower & Weeks/Johnston, Lemon & Co.;; Kebbon,I McCormick Sc Co.; Kidder, Peabody & Co.; Ladenburg, Thalmann
St
Co..; McDonald St Co.; A. E. <Masten St Co.;
ferred
Offered by Blyth & Co., Inc.; A. C. Allyn &
Bacon & Co.; Bacon, Whipple & Co.; Bailey
Selland St Davidson; Robert W. Baird & Co., Inc.; Baker,
&
(47,943)
by
Hayden,
.
175,000 National Homes Corp. 1,750 shares of 6%
Inc.;
"Watts
&
preferred
redeem¬
Price,
program.
Co.;
Placed
Purpose, retire bank
(par $25).
construction
shares
Offered
& Co..; Doollttle & Co.; Emanuel,.
Deetjen & Co.; The First Boston Corp.; First California
Zuckerman, Smith & Co.
share.
Co.,
stock
finance
and
Edwards
G.
*315,000: Marldey Corp; 12,600 .scares
privately with Lincoln Life
Neighbors of America; American
Co; Minnesota Mutual Insurance
Employees' Pension Fund of Chicago.
Armour
Unsubscribed
Inc.
series
--i/CInCi); Julien Collins
Erhard & Co., Inc.; Perrin, West & Winslow, Inc.; Scherck,
Richter Co.; Sheridan, Bogan Co.; Straus & Blosser, and
Co.; Royal
Life Insurance
first preferred
able
Textron
•
shares of $$
of 1943 (rio
100,000
stock,
Purpose, reduce outstanding bank loans.
Co.,
-
.
by
Knowlton
Purpose, finance
Pacific Gas A Electric Co. 1.000,000 shares of 5%
;'
/
Co., Inc.; Hill Richards & Co.; Hirsch &
Lane, Space & Co., Inc.; Johnston, Lemon
5Vt%
of
of ;
fctenry- C. Robin¬
Corp.
preferred
Emerich & Co., Inc.;
r
side, Warren & Sears; Clayton Securities Corp.; Cohu &
Co.; Courts & Co.; Davies & Mejia; Draper, Sears & Co.;
shares
shares
6.000
(par $100).
development
>"':1 •}»
Blair & Co., Inc.; Maxwell, Marshall & Co.;
Lestrange & Klima; Barrett & Co.; Bateman,
Eichler & Co.; Bingham, Walter & Hurry;
Brown, Lisle
& Marshall; Burgess & Leith; Camp & Co.; Chace, White¬
A.
•
Placed
program.
Insurance
United
25,000,060
Co.
Service
cumulative preferred stock
common
Loan
convertible
share.
per
B
-
improvements/ Price, $103.25 per share.
Offered by W. C. Langley & Co.; Lehman Brothers; Glore,
Forgan & Co.; Blair St Co., Inc.; Paine, Webber, Jackson
& Curtis;
E. H. Rollins & Sons, Inc.; The Illinois Co.;
Maynard H. Murch & Co.; Stroud & Co., Inc.; Cooley &
Co.; H. L. Emerson St Co., Inc.; Fahey, Clark & Co.; Mer¬
rill, Turben St Co.; Mullaney, Wells St Co.; Prescott, Hawley, Shepard & Co., Inc.; Ball, Burge & Kraus, and Stix
& Co.
; *.
'
J
class
Purpose, research and
Price, $5 per share. Otxered by
of
offered
and
*600,000 Northwestern
of
Arthurs,
of
(par $100).'' Purpose,
35,000
Corp.
Gas
:J;://::-;W.;//i;par).
"•••*/••••
\
shares
5,000
Corp.
Industrial
.cumulative
Offered by Henry
share.
per
Price,
-v/
MISCELLANEOUS
$10,000,000 Beneficial
Co.
holders
shares of common
of additions, etc.
Price,
Blyth Sc Co., Inc.;. Merrill
Piper,
A
$5
stock (par
30c per
common
by Ralph 8. Young and J.-A. Hogle & Co.
•
.
Inc.';
&
Sc
Price,
of
<v
Cunningham & Co.
Purpose, payment of assets of predecessor, working capital.
Price, $3 per share.
Offered for subscription by stock¬
Jaffray St Hopwood;
Equitable Securities Corp.;
Kebbon, McCormick & Co.; Laurence M. Marks & Co.;
Stifel,
Nicolaus St
Co.,
Inc.; The Illinois Co.; Pacific
/Northwest Co., and Whiting, Weeks & Stubbs.
Kalman
Rollins
H.
-11
employees.
shares
f
3,397,893 Lonsdale Co. 1,132,631 shares of common stock (par $1)..
Pierce,.Fenner
Co.;
E.
(no
aircraft.
of
&
son
& Beane; Kidder, Peabody & Co.;
Robert W. Baird St Co., Inc.; Central Republic Co. (Inc.);
The Milwaukee Co.; Woodard-Elwood & Co.; W. E. Hutton
&
stock
common
-aircraft.
150,000
Co.
Purpose,
share.
per
Lynch,
;
'
Utilities
$5).
(par
$12.50
key
by
980,000
V
,
•" ';
LAND, BUILDINGS, ETC.
- •• •
$10,800 Realty Co. (Denver) 400 shares of capital stock (par $1).
*
Purpose,- working capital. J Price, $27 per share.
Offered
(
55,000 shares of class A non-voting
par).
Purpose, research and develop¬
:---.-:"C,:;RObinson ds-COvy.,
Roger S. Palmer Co.
1,875,000 Montana-Dakota
(3,723 shares)
underwritten by
and
shares
25,000 Kaman Aircraft
stock (par
$5).
St
MacDonald; Byrd Brothers; Cooley St Co.; J. M. Dain &
Co.; Lucas,
Eisen & Waeckerle, Inc.; Martin, Burns St
Corbett, Inc.; Mason, Moran Sc Co.; Minsch, Monell & Co.;
Mullaney, Wells & Co.;-Nashville Securities Co.; I. M.
Simon & Co.; Thomas St Co.; F. S. Yantis & Co., Inc., and
.•
Unsubscribed
ment
Inc.; Green. Ellis & Anderson; Hirsch St Co.; E. M. Newton
&
$4,240,000
275,000 Kaman Aircraft Corp.
Illinois Co.;
& Pomeroy,
The
Hutton
per
stockholders
by
-
Forgan
Corp.
Purpose, drill well, equipment, etc.
Offered by R. V. Klein Co.
'
Holan Corp.
29,723 shares of common
stock
Purpose, construction of additional plant. Price,>
share. Offered for subscription, (26,000 shares)
H.)
(par $1).
(par $100).
Purpose, finance conPrice, $101.25 per share and dividend.
Offered
<fe Co.; W. C. Langley St Co.; A. G.
Co., Inc.; Hayden, Stone St Co.; Hemphill, Noyes
struction.
by
Oil
10c).
share.
96,600 (J.
lative preferred stock
/
294,000 United
note,
8,000,000 Kansas City Power A Light Co. 80,000 shares of V/o cumui
(445); a
convertible
Pacific Northwest Com¬
ards & Blum, Inc.; Foster & Marshall; Grande St Co., Inc.,
.and Wm. P. Harper St Son St Co.
.
CHRONICLE
250,000 Form
Murphey Favre, Inc.; Paine-Rice & Company; Rich-
Webster Securities Corp.;
FINANCIAL
&
Moulding, Inc. 100,000 shares class A cumulative
participating stock (par $1).
Purpose, pay
construction and working capital.
Price, $2.50 per
share.
Offered
by
American Trustee share Corp. and
Young & Co., Inc.
^
Price, $100 per share and
Webber, Jackson & Curtis;
etc.
betterments,
dividend.
Stone
COMMERCIAL
Co.,
♦Indicates
Inc.;
issues
Paine, Webber, Jackson Sc Curtis; Rauscher,
Co., Inc.; Reinholdt St Gardner: Irving J. Rice Ss
Roe St Co.; E. H. Rollins & Sons; Dallas Rupq
placed privately.
.J
Ct-'
THE
&
Son;
Russ
Hutton
&
-j/// Lubetkin
R.
COMMERCIAL
& Co.; Scherck, ,Richt£r Co.; Schoellkopf,
Inc.;- Schwabacher & Co.; Seligman,
Co.,,:lnc.; Sills-, Minton & Co., Inc.; William
Staats
Co.;
Woolfolk,
Stein
Bros.
&
Boyce;
Sutro
& Co.,
and
Shober.* >
Huggins &
,
>
•
Corp.;
$10).
Tea
.
Co.
15,000
Price, $23.25
shares
common
Incv;
is
Aviation, Inc. 1,000,061
$1)./Price $12.75 per share.
stock (par
Co.;
H.
shares
of
J.
Barth
&
Co.;
Cohu
•
&
Julien
Co.;
H. 'Davis
&
Collins
&
Coolby
Co.;
Co.;
.First
:
,
Grant-Brownell
Co.;
■<
■
.
&
Hfallgarten
Co.;
;
.
,
to
which
it
intend to
entitled
is
tlie. 115,834
under
of Bonds
will sell
PURPOSE—The
sale
of
net
proceeds
to
common
and- the
be
o
My/ series
to
E,
of
ment
provide
nurchas^
const,ruohinn
or
vnf
damage
payment
claims)
of
arising
and
out
of
for
costs
1st
mtge.
Dec.
1st
3Va%
bonds,
h'J.
C
mtge.
234?/c
bonds,
l; 1975
mtge. 3Var/t
July 15,'; 1976
bonds,
Feb.
Preferred -
stock
Common
stock
-
$632,506
3,859,259
2,513,060
3,330,476
441,459
1,220,88|2
215,560
-
from
'
ry.
},^
-
income—
oper.
1,258,794.
871,131
673,415
& North Western
sold
99.409
at
certain
and
dividends
equipment.—V.
168,
in
the
of
new
preferred, stock,
will
be
set
common
dividends
sufficient
Coi"mcm stock .of the
v..
Dec.
23,
stock,
dividend
4,15%
aside
for
connection
,
Since-the
flood
referred
all
dividends
John
D.
Farrington,
payment
President,
,'iV
'
T.
On
July
Venezqela
The
service
J;V/
V;!?
-'11
originating
C.
&
&
S.
S
the
at
will
be -possible
now-
airwaybill for air cargo, and
time," :T: * M. Miller, General Traffic
.to
route
which
New
has
been
Orleans
part
any
based
the
on*
which
contains
new
declared
serving
shows
total
a
gateway:,
Cuba, direct
of
of
June—
Gross
Net
,
Net ry.
;
5
railway—
railway—
oper, income—
Net
from
ry.
railway—____
income—,
oper.
♦Deficit.—V.
f.'if-c
I
forma
earnings statement-for
of
revenues
$561,733,
$5,817,515
equal
...
The,
on
an
^,•
to
now
and
86
cents
in
a
-
from
ry.
.
.>1947,
",.1946
$635,470
110,057
4,733,457
3,72^,989
812,335
52721
♦534908
guaranteed
p.
343.
taxes and
A
receivables
4
nt
506,313
Ic
d
as
to
•
one
■
i
.
8,980
—
-
$13,763,431
$14,128,953
—^-r--
$95,417
$269,449
—-
157.123
188,159
188.208
192,370
3,742
3,209
346,054
611,492
8,043,426
Ry.—£arns.
1945 :i
1946
-924,331
446,653
290,130
' 368,383
-_T-
$13,763,431 $14,128,953
■
of
$?.9f3,622
In
!
;
Falstaff
Brewing
(Mo.)—Consolidation Ratified
Co.
below.—V,
Corp.
168,
148.
p.
3% bonds, series N, due June 1, 1978
.!
/
?
/!'. "
issue was awarded July 27 on a bid of 100.6399,
2.9676%.
Other bids
received, both for 3s,
-The
of
a
net interest
Halsey,
were:
—
19,820,020.
16,968,18.4
5,453,631
13.863,360
6,939,723
2,885,543
2,949,936
1,587,071
Stuart
6;367-,931
4,077,171
12,289,205
17,951,546
Corp.,
Wilmington,
Del.—Files
of'each
Proceeds
at
$13.25
will
per* unit.
Underwriter,
used for general business.
be
Emery
Co.
100.61;
Inc.,
1948-1052.
With
Gl9i'e,
*
-
,
&
CdNStRUCTlON
on
continuous
a
which
a
1948
:
'■
$229,552
'e
'■166,147^'
system.
Owing to restrictions imposed during the war on the construction of. facilities and to-Jthe unprecedented-growth in-load during
and since the war,
the reserve. electric (generating capacity of»the
..
company
struction
provision
mated
,
and
its4 subsidiaries
.
that
gross,
subsidiaries
additions
for
the
to
the
five-year
utility plant of the company and
period will amount to approximately
Of
this/.amount, it is estimated that
approximately
"will be * applicable 'to electric plant
and
equipment,
$48,000,000 to gas, plant -and equipment, and $25,000,000 to 'general
>plant and -equipment.■ Such estimated gross additions, by major
classifications, are as follows:
4<?, »
Generating
/1946
■]
...
stations
$144,000,000 ;
!
Transmission
' 65,588
♦
,
.Distribution
14,550
49,675-7..
Gas
—
facilities
!
,_u_
30,000,000
//;
103,000,000
-—i,-
Gas—
%
779.022
lines
.
50,000,000
-1945
$124,729
-132,863 lit.
$146,453
30,859
From Jan;
t
Gross from railwpy„1,327,373
has -been almost absorbed.
The con¬
the years
1948 to 1952 .ipcludes
normal reseive xapaCity. *.,It;is esti¬
projected 'for
program
for* the restoration- of
$400,000,000.
$327;000,000
*
114,256
program,
current
upon
Substations
1947
$162,051
104,478
jncome_A.r
and * its subsidiaries carry
the nature
and extent of
and< estimated future loads of tha
PR(X5RAM—Company
construction
based
are
Electric—.
•
i
»
•
>
-
•
Het
from: raHway^Ai.—'
Net ry. oper.- income.^.
—v. 168; p. 43.'
"■
943.349
*,
579.674
btVJ
n?.'
'
- ■
583,602
371,403
■
*
338,435
& 132,753
171,253"244,612'
134;725'
-
period. It is therefore estimated that it will be necessary to provide
approximately $175,000,000 from the;safe of additional securities of
the company of which the present offering of $50,000,000 of series
N bonds is a part,
Colorado & Wyoming Ry.—Earnings—
h
*
'
its
June—'
.n,W* '-J
1
.A
iCobalt Mines Corp., Newark, N. J.—Files With SEC—
Gross from railway—,
Het from railwayz/UA-
100.5,62.
that approximately $225,000,000 of the funds re¬
quired ■ will be provided out of cash resources at the end of 1947 and
depreciation accruals and .undistributed, earnings over the five-year
"
The company on July 26 filed a
letter of notification with the SEp
for 290,000 shares of common
stock, to be offered at $1 per share.
Underwriter,. Charles W. Warshoff & Co., Newark, N. J. Proceeds will
be used to meet, obligations.
,
1,
Forgan & Co.,
estimated
It. ia
;:
*.
$
PURPOSE—The proceeds
will be added to
working capital for
Ultimate application toward the cost, estimated at1 approximately
$400,000,000, of gross additions to the utility properties of the com¬
pany' /and its subsidiaries, to be made during the five-year period
*
t
mature serially
; J/ 70,544
forv depreciation and amortization
$4,018,237 in 1947.—V. 167, p. 2683.
'
reserve
at 100.99 and interest
order
Het ry. oper.
5,000,000
7,934,818
70,544
5,000,000
(Dn
„
000 first mortgage
$2,899,444
1
equipment trust
cost)
at
.
l6
1949 to Sept. .1, 1958, both
principal and dividends by
shares
Commonwealth Edison Co.—Bonds Offered—The First
Boston Corp..and associates on July 28 offered $50,000,-
'
August
(3,000
Columbia Brewing
See
to finance the large/ increase in business shown in the
statemept for the first six months just released, the company
,$10,006,000 from the Manufacturers Trust Co. at 2 V2 %
payable .$1,000,000 every six months beginning Jan. £2, 1951.
From
the proceeds thereof. ,the
current bank loans at June 30, 1948 are
being paid off.—V. 167, p. 1148.
/;
!
noon
stock
♦After
Equipment Issue—
j94?&, "and
72,509
i
...
.
8,930
98,290
:
——
69,681
69,681
.
—
——
has borrowed.
4,120,310
3,134,352
Accrued payroll and. sundry expenses
—
city, State and sundry Federal taxesEmployees' funds withheld for bond purchases—
cost
Credit
Co.
.
45,682
2,349,383
3,054,699
equipment at *cost
—-—
prior years' Federal taxes on income
——
444,862
2,912-,964
.,
—
investments
1
34,260
accruals
and
Accrued
$293,185
526,376
/!//
&
2,201,397
-
trade.,-a_——
wA/iAltrn K1 nii
?
Accounts payable
54.682,143
$197,202*
839,784
•
•
195,579
3,000,595
LIABILITIES—
.
jCluett, Peabody & C6., Inc.—^Borrows from Banks—
1,234
'
on
191,950
3,000,263
obli¬
municipal
Prepaid expenses —1—
Total
,
1948—5 Mos.—1947
53,219,463
$2,458,036
income
43.
p.
.
♦42,969
" !
-
168,
SHEET
i
company on July 23 filed a letter of notification with the SEC
4,000 shares ($12.50 par) class A common stock and 4,000 shares
cents par) class B common stock.
The shares are to be offered
>
474,005
191,511
'
.
Proposed certificates will be dated
Sept.' f,
will*; be
168,
Warren
.
,
BALANCE
2,196,850
Connecticut
and
receivable,
of
of
i
168,
■
1947;
$2,738,116
railway—
in .units "of
1945ti
'Proceeds rfrom
and
portion
and
Refund
The
for
95,492
214,143
79,121
'283
24 invited bids, to be opened at
$3,600,000 sikth 1948 series of serial
the' company.—V.
which
against
applied.
—a.a—a_
Miscellaneous
l
723,715
railway!—'..
Citizens
$676,326
205,173
company July
inclusive,
losses
197,000
$0.10
tExtrareserve
for
losses.
and
expenses
May 23/48 Dec. 31/47
$1,694,161
$2,605,933
Govt,
^Plant
financial
$848,942
u*3 e.qoal annual instalments frpmBept. 1,
h
—
Inventories, (less reserve!-
years
$3,434,839
income—
oper.
SEC—
balance
251,964
,
from
Net
—V.
per; share
.
•.
1
S.
194& and
$60,785
effect,
sale of :the proposed", issue* will be '• applied toward
purchase of
12
switching locomotives and six freight locomotives.
.-Aggregate cost of. the equipment is'estimated at
$3,690,692.
.
is
197,000
$0.55
—
COMPARATIVE
Total'
1
■
■
$19,638
f
gations at amortized cost-
S.
1,212,030
From [Jan. l—v_
(25
certificates.
♦*
I
&
airport.—V.
Havana
.
162,064
n_
extraordinary
to
and
expenses
Accounts
wi|l
'
railway
,
oper.
Net
1947,
480,475
:
applied
Miscellaneous
-
•
11,362,496
1948
from
"Gross
f •
„
4
In
v
issue of
the
-
$24,749
June—
Inc.—Earnings*—
Chesapeake & Ohio Ry.—Bids
♦{.
two
r--/
2786.
p.
ry.
168, p. 43.
.•
167,
Net
5,250.000
1,076,809
'
C.
of
almost
Cincinnati New Orleans & Texas Pacific
$976,000
-
v From Jan. 1— '
-tlEoss from .railway—
'/^et
extension
10,759,684
surplus__l_
from, railway
'.".1948
from
from
(Cr)
income
lytfiMMlIn
funds
and
a
Central Vermont Ry.,
•
to
—V.
,
*
U.
Manager^ said.
Sales
1948—Month-r-1947
passengers
Balance
in Rutland and other communities
total, population of about 148,000 and in Claremortt
and other communities in New
Hampshire with a total population of
about 22.000.—V.
167,. p. 2359. 'i r V; <
f' i
•?
T
'''
Period Ended May 31—
Revenue
which occurred on'June
on -its. common stock.
How¬
the .capital stock, company,
the 653,400 shares to be outstanding.'; /
Vermont with
in
contingencies
debtedness
>
J
new
for
2b5,4J8
and
employee bend purchases——— J——_
S; Treasury short-term
certificates of in-
--
U.
the iise of a single
drastic reduction ip
;
from
•
•
Net
pro
operating
common
claims
Special cash deposits for payment of
Cincinnati Street Ry.—Earnings—
The company provides electricity
;
li!"
? *;v-
United.-States
and
Havana
34,077
$108,608
for
....
>
thereof.,
capitalization, .and other adjustments
available, for-the
on,
<•-">
36,423
130,384
royalty
expenses^
ASSETS—
-
-
91,564
21,679
32.245
Cash
i
through
afford a
S.
the
84,409
8X130
demolished
!
43.
p.
'• -
in ,the
Venezuela and. Jamaica will constitute the
ice
adversely affect fhe company, to resume -payment of ^regular
quartely dividends on the common stock and to declare a dividend
payable on,Nov. 15, 1948 in the amount of 17' cents
per share.
j
prospectus
95,637
rearrangement—--—
expenses
extraordinary
ordinarv
city served by the corporation' nearest
......
/
between carriersi of 5 suqh shipments ajt
origin;
of interchange
airports
points
.
{
■
4,200
and
|
168,
..
.
.
at .other
plant
contingencies
project
should be
improvement
will
The
4,500 cars.—V.
.
of
;
hsight
The
the
year.
a
South'American points.
the point
C.
completion of the sale of the new 'common stock, will be in
a
position to consider .the resumption-of such
dividends.,v>It 3s the
present .intention, of the dhectors,- based
upon net income expected
to be realized
in 1948 Jahd
,1949 and subject to conditions which
v-
that
said
will
with
,m
2,179,508
and
equipment
chgd. to idle plant exps.)
obsolete buildings
on
-♦Portion
and
connect
of ;plant
Capital shares outstanding
Earnings per share
feature several
daily flights from the Mississippi
Midwest areas served domestically by C & & that will
connect with, the/tri-weekly southbound
Dixjeliners serving the Carib¬
Valley
the
$2,287,805
procurement
regularly scheduled, air service to Jamaica and
wa..s inaugurated
by. this corporation, the first one-carrier
air cargo service to this area was also, made availabje, >
,
exhaustion
rehabilitation
♦Reserve
stodk
on
$2,219,118
68,687
$2,920,972
tSettlement, of. war-period
when
31,
to
above,
dividends
)
inch State, local and sun¬
Treasury
arrears
/
May 23.'48 May 18/47
7
_
(excluding $10,^317
deductions
fldle
,
Gross
upon
•
be
in
offerings.
special
42,673
expenses,
and
Net
and ia operation
within
the capacity of the yards to
was^first issued ; [to the-public on
15, 1944 the,company paid quarterly
on its common stock
until March 15,
1947, the company has ipaid. no
ever, as .a, result .of ithe ;|idiuatmerit' bf-
<{■
.;
.
This, included: a new interchange agreement with one of -Cuba's largest
trucking conipanies, Expreso Republica, which will provide direct serv¬
preferred
its
on
.
series,/ will
the
Beginning March
dividends of 27 cents per share
194-7.
the
with
company,
1943.
487,156
43.
p.
T-y■■
organization -in- 1929 ' to October, .1947, .at. which time tbie
dividend payable on Oct. 1, 1947 on the
preferred stock,.,.4.1^% divi¬
dend: series ,was passed as a "result of the
flood in June 1947. The
dividends on the preferred stock payable. Jan.
1; 1948, April 1, 1943
■M' and July 1, 1948 were also passed.
Contemporaneously with the issue
sale
Wear
:
^
its
and
privately.'-, tlndicates
placed
2,716,727-
Other
•pV '343.
full
\
-
Other
,
from
and
tLoss
4
.■
i
®i
Contingency reserve for plant rehabilitation and
other anticipated extraordinary expenses
Capital.stock ($25 par)———r
■
^
shares of common
Offered by Blyth & Co.,
Price, $17.62 >/2 per share.
dry
Ry.—Equipment Trust Ctf$.
A'-,
653,400 shs.
stock.
common
Offered by Blyth & Co.r
Simultaneous with the single-carrier air cargo service announcement,
the company proclaimed a new reduction in air
cargo rates to Havana.
•
of
26,700
Co.
through
^
common:
^
Power
Electric
income
Costs
Chicago & Southern Air Lines, Inc.—Inaugurates First
International Flight—
!
of
shares
16,000
Price, $17.87Va Per share.
issues
Total' Income
'
... •
4.274,243
1,531,273
railway.—
completed
>
1,076,700 shs.
amount.
paid
shares
5,000
Co.
Power' Co.
$2,878,299
Other
gateway
shs.;
V
t;
share.t Offered by White, Weld & Co.
per
1,900,000
100.000
_
;
92,27b
increase
due
per
.
6,867,000'
E,
com-'
Price,
Offered by;The First Boston Corpi "
f
Sales..
1 283,118
Construction is,expected .to start this month'on.a.$2,000,000 freight
in Kansas City. Kans.. The new yard will add at least 50% tjo
capacity of the Rock Island's freight facilities in Kansas Ciiy.
37,856 shs.
DIVIDENDS—Company
privately .by Allen «fc ;Co.
^
20 Weeks Ended—
s
3rard
(including
)■
'
fedit's -liianiik^tiirinf do.-r-iBi'rtingS-
j
1945 i
105,429
Caribbean
series
expressed
'
-1946
Chicago Rock Island & Pacific Rit.—^New Yard—
due
(po par)_„_____
in
'■Indicates
-
176,136
transit
)i_ it-i—
par
1947
,V'.
.
Inc.
$602,448
of
Outstanding
■'
($ 100
dividend
194S
■
j
$39,733,669
79,537
and
$491,000
—
series
-
,
per
Price,
1
ICC on July 9 authorized the company to assume obligation
liability in respect of not exceeding $5,340,000 2%% equipment
trust certificates, to be issued by the Northern Trust Co., as trusted,
due
D,
Price,
Co.
160,356
Elimination
—
r
'^r4.15%
♦Unlimited
•
.
1st
series
Stanley &
shares >of-common stock
share.
Offered by Blyth &
and
FINANCING
'
•'
'
series
,1;
cbmmqri stocki
by
preferred stock
Offered by the
Stores Corp. .80,000 shares of
30c).
Price, market (about $4%
per khaYe.
450,587 Wisconsin
$578,801
to
TO /PRESENT
[:Q., inc.
v
by
../The
nP:;::itrJ_
t'onovmonf
Authorized
"
corn-
234,028
Chicago
flood.
CAPITALIZATION, GIVING EFFECT
per
$105Vz
'Corp.
Placed
stock.
•V;
361,218
estimated
reimbursement
the
$53.25
Price,
railway
.Shipments
the
9,000
Inc.
'
from
bean" and
eluding
par).
Corp.
Offered
Cigar-Whelan
Price, $21
•
i
Offered
common'
of
of. 4%
share.
shares
20.Q00
105,000 Western -Natural .Gas
?
,
95,000 shares pf/
Offered by Morgan
RR.
286,005 Wisconsin ..Electric
share.
}
■
:
stock ..(par
$19.15
$835,778
.
.
iP111V incllldino"
nrm
per
■
share.
395,000 (S. D.) Warren Co, ,20,000 shares of common stock.
railway.
stock the company
mortgage 3%. notes which, were incurred
us^d for the purchase or construction of "projjertjy
recodstructiOn, (ii), an. estimated $1,593,000 for the
flood
$17.50
-v
shares
per
■
-
tPlant
funds
including
Price,
C-
.;
50,476
$13.25
Price,
Price,
Boston
share;
from
Net
proceeds .(estimated at $1,882,741). to be received by the
from the private sale "(contemporaneously with the sale Of
common
stock)
of Si,900,000
first mortgage 3y«%
bonds,
will be applied, by. the company, (i> $2,600,000 to the
pay¬
the company's second
new
pari.
Inc.
;!
Co.
Power
1,020,000 Virginia - Electric & Power Co. < 60,(500 shares of common'
stock. Price,. $17 per share. Offered;' by Stone1 &• Webster
Securities Corp.
'■'
' ¥z '
;
) :
Watling,
& Co1;
Goodwin;
&
Co.;-Inc.;. Wertheim
Pacific
$100).,
mon
the
:
(par
First
,
—V. 168, p. 43.
received
and"
(,no
Lighting
v-From Jan. 1—
from railway
net
company
the
sold
are
&
Co.
$10).
First;'Boston
380,000 United
H.
ry. oper. income—
Net
stock
common
stock,
thereof
Co,;
E.
Net
has agreed to pay it a fee of
-new
the
shares
&
Co.;
Net
by the company from
estimated at $2,545,472 if all
at $2,440,039 if
only
115,834 shares thereof.lo .be .purchased- k(y New England Public
Serviqe
CO.
are
so
Sold, after allowance for expenses estimated at $44,370
the
Hoffman
Weedon
share.
per
June—
Gross
f
326.7C0
Inc.;-. Putnam
Chicago & Illinois Midland Ry,—Earnings—
j
employed Coffin & Burr, Inc., one of the
underwriters of; the hew conqfihoii stock to findsa pur¬
t
Co.,
Robinson-Humphrey
Walston,
Co.;
Co.,
(no
the .company
-j
&
Co.,
subscription right but does nbt
privilege to which it is also entitled.
V /.<-
$96
t;
$1,900,000 first mortgage 3^% bonds, series IJ
$2,375 for its services.
The
illevatofv Co.
9,120,000 Otis
"
to be dated July 15, " 1948; to he due'
July
1978. Sucl
bonds are to be sold at 100.483496%; plus interest froii
July 15^, 1948,. to. the date of delivery,, at private sale to
four institutional investors. In connection with such sale
chaser for the bonds and
Co.;
&
stock
mon
479,250 Pacific
the
new common
&
Reynolds & Co.; Ridgway, Newsome
Co.;
Inc.; Cruttenden dp Co., and Wil-
Co.,
75,500 Sterling Driig Co. 2.0Q0 shares-of tcommon stock.
•
$37.75 per share. Offered by Blyth & Co., Inc.
2,000,000 Union
Weld & Co., and Dean'Witter & Co.
Gross
new
,
stock.
*
Privately—Simultaneously with deliv¬
of the shares of the
ery
shares ,of
&
-
Blyth
(Continued from page 2)
exercise the subscription
Sale
•
'
-
'
intention^ to •subscribe., for.,
Maynaid
Newburger
&
Paine,
&
Staats
(par
The
&
Hutchins
Co.;
ft
"!
'■;
;• «.«>• '■*
*«
140,000 Northern Indiana Public Service Co. 8,000. shares of
Co.; Harrima'n
&
&
:3.. White,
jlj i'
& Co.;
General Corporation and
'investment News
j
>.
!
Hemphill, Noyes
& Co.; Henry Herrman &
Co.; Hornblower & Weeks; W. E.
Hutton & Co.; Janney & Co.;- Johnson,
Lane, Space and
>
-
■
of
Ripley & Co., Inc.;- Hayden, Miller
■
Hawley,. Shepard
Riter
Lerchen
'
Nolan,
.
Co.;
Walker
;r
Paul
Michigan Corp.; Folgek
Inc..;; Glore, Forgan & Co.; Goldman, Sachs & Co;;
Goodbody & Co;; Goodwyn & Olds; Graham, Parsons <fe
Co.;
&
Co.;
Bros. & Boyce; Stern Brothers & Co.; Stern, France
Stroud & Co., Inc.'; Sutro & Co.; Henry F"; Swi«t
Co.; Spencer Trask & Co.; Tucker, Anthony & Co.; Van
Alstyne, Noel & Co.; Vietor, Common, Dann & Co.; G. H.
■
.
Co.;
Clark-&
Securities
&
Emanuel, Deetjen & Co.; Equitable, Securities Corpl;
Fahey,
Nashville
& Meyer;
Davis, Skaggs & Co.; Dempsey-Tegeler $c
Co.; Dillon, Read
& Co.- Inc.;
Dominick & Dominick;
Draper, Sears & Co.; Drexel & Co.; Francis I. du Pont &
.
Mitchell,
Morgan
■
Co.;
Stein
Company;
&
Lynch;
&
stock
Rollins & S.cns, Inc.;,.Wm., C, Roney & Co.; L. F. Roths¬
child &
Co.; Schwabacher. & Co.; Shields & Company;
Bateman, Eichler & Co.; Beat",
Courts & Co.; Curtiss, House & Co.;. Davids & Mejia;
Milwaukee Co.;
Leonard
&
liam R.
......
Allyn
668,807 PotomacifElectric
,•
Shuman, Agnew & Co.; I. M. Simon & Co.; Singer, Deane
&•-Scribnei'; Smith, Barney &: Co.'K Wi liara R. Staats Co);
& Co.; Biddle, Whelen
&.Co.; Blair & Co., Inc.;
Blyth & Co., inc.; Bosworth, Sullivan & Co.; Alex. Brown
&
Sons;
Central
National. Corp,;< Central
Republic Co.
; (Inc.)j? Clark,
Dodge & Co.;. Richard W. Clarke Corp.;
:
The
Co.;
Reinho'.clt & Gardner;
&
Stearns
■fb:
&
Moore,
Murch
Presqott,
capital
Offered by Mor¬
Stanley & Co.; Adamex Securities Corp.; Bache & Co.;
Bacon; Whipple & Co.;. Robert W. Baird & Co., Inci;
Baker, Watts & Co.; Baker, Weeks & Harden; Ball,
Bur^e
Kraus;
.
by A. C.
Newhard, Cook & Co.; Pacific Northwest Co.;
Webber, Jackson & Curtis;Piper, Jaffray. & Hopwood;
gan
&
875,000 Peabody-i Coal Co, 35,000 shares of 5% convertible prior
preferred stock (par $25).
Price, $24 per share. Offered
M.
Co.;
j,-
*
North American
12,750,778
Turben
stock
(par
Offered by Blyth & Co.,
share.
per
of
-
Carl
Monday, August 2, 1948
■
Masten &
shares of common stock (par
$4).
Price, $41-per .share....Offered by Goidman, Sachs &
Co. and Piper, Jiff ray & Hopwood.
■
CHRONICLE
Loeb, Rhoades & Co.; Irving Lundborg &
Co.;'Laurence M. Marks & Co.;. Mason-Hagan, Inc.; A. E.
Co.; McDonald & Company; McDonald-Moore &
Co.;
Merrill
Lynch, < Pierce,
Fenner- & [Beane; Merrill,
{
699,050 National Battery Co. 17,050
423,750 National
FINANCIAL
Co., Inc.; T. H. Jones & Co.;.Kaiser & Co.; Kalman & Co.,
Inc.; Kay, Richards ■& Co.,; A. M. Kidder & Co.;* Kidder,
Peabody & Co.; Laird, Bissell .& Meeds; Lee, Higginsop
Pomeroy,
&
&
.
10" (446)
production,
compressor
Distribution
storage,
stations
facilities
and
regulating
and
r
.16(000,006
,
1115,999
General
i
,
-
32,000,000>*
25,000,000
■
Volume 168
EFFECT TO PRESENT... FINANCING
'* *:Authorized
Outstanding
;: CAPimi25ATION;,
\
"
'
mtge.
First
mtge.
First
mtge.
stock
'
Capital
'
""
V First
THE
Number,4721
3%
:
($25
pari;.
'
of
•The
amount
of
17,
1913.
Into
the
as
the
the
latter
had
been
to
number
a
is
the
incorporated
of
./,
Oct.
on
and
estimated
an
through
Co.,
direct
Illinois
poulation
stock
Public
3,600,000.
Service
It
in
gas
substantial
electricity.
Chicago
station
line.
10%,
becomes
The
—V.
area
of
tion
of
31;
the
of
operates
and
and
generating
Illinois-Indiana
total
were
approximately
consolidated
of
series
are
N
the
of
names
bonds
agreed
purchasers
to
be
and
purchased
the
by
them
2,500,000
2,500,000
E.
2,500,000
Piper,
Co._
&
Lehman
Brothers
MerrilJ
Lynch,
Fenncr
Coffin
&
&
&
&
Weeks..
2,000,000
&
Co. 2,000,000
Co
Applicable
H.
Kirkpatrick-Pettis
F.. Boynton
R-
Ira
Miller
Ellis
of
&
Chas.
&
W.
200,000
'.' 500,000
500,0004
Scott
Co.,
Co.
—
&
500,000
Yarnall
150,000 '
Chace,
Scranton
500,000
ren
&
C. C„
G.
Mackall
War¬
Haas
&
&
100,000
100,000
Co._
100,000
100,000
Coe__
Inc.
500,000
100,000
&
Co.—
B. W. Pizzini & Co., Inc.
300,000
Scott,
Inc.
300,000
&
&
Co..
300,000
Co.
Inc.
300,000
100,000
Mason,
Taylor
a—
Townsend,
100,000
Dabney
&
Tyson
Harold
300,000
Wood
&
Co..
weeks
and
the
kilowatthour
comparisons
percentage
of
the
past
four
1947:
1948
1947
July
24
217,432,000
rights;
17
212,089.000
10————.
189,763,000
162,331,000
4.1
206,169,000
169,485,000
21.6
July
3
168,
from
output
of
•
electric
energy
of
Gross sales, less returns & allow.,
Cost
sales—
of
eta.
Profit
Other
from
15,047,553
11,059,432
611,616
494,977
$1,544,688
$519,312
908
5,837
Income
charges
Provision
$520,629
3,388
35,071
44,764
147,111
708,359
„——
Federal
for
$1,550,525
$336,997
Net
tax—
income
Earnings
$807,096
566,198
$1.42
BALANCE
S.
Inventories
with
electricity
176,300,000
increase
of
kwh.
7.6%.—V.
for
168,
208,837
Patents,
charges
1
1947,
an
850,368
expenses
increase
of
11.5%.'
Local
Depreciation
Taxes
,
Operating
Other
amortization—*
;
income—
Income
:
income.
'
_
deductions—-————1
income
Earnings
per
common
share
after
/ preferred stock
dividends——*—
«-MT.
,1947-
4,217,842
income—
Gross
Net
and
——:
*
168, p." 249,
Counties Gas Co.),
20,388.391
16,145,103
k 2,225,108 V 2,386,027-
—
purchased by each underwriter are
Co.,
Merrill; Lynch/ Pierce,
Fenner '& Beane——
10.5
Shields
10 5
Union
10.5
168,
Harris,
10.5
Corp
&
Co
&
:
Co.—
"
149.
p.
Bacon, Whipple & Co.
As
the
follows:
as
27
Barney
Gross
Net
-
8
*
Co.——
Securities
Hill A*.
8
Corp.—
8
(Inc.)—
Co.
4
3
—*
•
•
1948
.
from
from
railway
^ ,'
1947"
$5,206,683
1,265,544
railway—.
Net ry, oper;;incdme«l*.
1
1945
1946
$4,338,147
$3,182,320
$4,133,050
1,049,936
4i2.2">0
998,188
830,102
T 327,614
471,569
26,181.245
20.237.469
,24,231,321
6.514,117
6,380.01/7
2.298.302
5.061,779
3,398,196
;From Jan; l—
'from railway
3,073,455
1,050,661
2,607,345
517,100
;
f
Gross
Net tfrom
rv.
29.268.4«8
railway—
income—
oper.
168, p.
44.
'
Delaware Lackawanna & Western RR.
June—
'
Gross
1.943
from
from
Net
ry,
Gross
railway
from
1°45
1945
$6,820.4-8
$5,400,432
$6,764,525
1,716.460
382.902
1,884.882
1,255,517
841,373
59,495
"723,319
44,773,753
9;930,125
39,366,803
32,586,885
38,054,257
8,500.121:
3,843,784
8,434,300
4,664,297
4,038,342
1,489,607
2,006,763
income
1—
from
ry.
-Earnings—
1947
$7,790,298
2,114,076
railway
oper.
Net
railway
railway
-
income—
oper.
/' "
Orders Additional Equiprrient—
This
cmpany has ordered 500 hopper
Foundry Co. for delivery in 1949.
1,103,379
$1,340,232
payable
excise
tax—
28,359
19,665
70,913
1,000,000
516.465
3,397,188
1,105,002
11,807
current
par)
———
Lackawanna
which
cars
will
146,301
3,396,528
297,906
11,587
sleeping
cars
from
has
the
be
American
contracts
placed
Car
thiif
The road already
delivered
this
which
See
—
fall, and l!>
during the last
Airlines,
be
delivered
Inc.,
168,
p.
44.
Merger Still in Preliminary
;
.
National
will
first quarter of 1949.—V.
Stage—
;
.
below.—V.
168,
p.
149,
Detroit Toledo & Ironton RR.—Earnings—
June—
from
Net
ry.
Net
from
Net
ry.
/ 1947
1946
383,861
1945
$570,882
$977,482
5
513,093
income—
Jan.
from
u
$1,246,293
railway
railway
oper.
From
Gross
—V.
1948
from
Net
1,000,000
.
nine
and
Delta Air Lines, Inc.
Gross
13T976
155,262
deposits
box
500
quarter of this year and the
73,585
169,767
tax
payable—officer—not
cars
1,100 freight cars and 20 passenger units.
ordered
coaches
$895,044
Sundry reserves
for
order,' the
this
Including
month
$5,972,591
——
income
Dana Corp.
$625,673
' v
93,325
158,936
277,353
206,924
79,078
89,098
7,648,089
6,781,175
4,474,141
4,860,021
2,942,123
3,064,107
1,213,254
2,018,777
1,529,111
1,646,567
613,016
1,114,145
1—
railway
railway—:
oper..
income
168, p. 44.
•Discount
investments
71,740
purchases, int.
on
1948
1947
1946
1945
railway-
$510,034
$391,505
$333,009
$329,728
railway
Net ry. oper, income—_
237.526
153,126
>136.199
139.939
.'37,291
49,179
Net
1948
1947
$93,002,345 $65,444,924
31—
—
from
JuneGross
(& Subs.)—Earnings—
sales
Dividends
Detroit & Toledo Shore Line RR.—Earnings—
tax saving notes of $680,000.—V. 167, p. 2787.
Nine Months Ended May
Net
$5,972,591
$7,794,994
•After deducting U. S.
Cost
and other income
4,165,996
*
of
sales
189,756
,,
70,358
176,1-32
Prov.
for
Fed.
for
and
from
from
From Jan.
Gross
from
(est.)
in
—•—
54,830,018
Net
♦After
deducting
interest
■
-
450,000
1,500,000
expense, of
803,520
2,352,161
$3,618,334
$3,252,083
;
$2.26 "v' %
:
$2.64,
$2.33
1947.
—
$37,979 in
tlncludes
$956,890
due
to
reversal
acquired for. war production.—V. 167f p.
of
railway
3,364,678
2,947,196
1,964,565
2,301,362
1,724,575
1,479,056
777,692
1,160,682
income—,
567,451
520,216
190.604
347,470
Dictaphone Corp.—Introduces New Machine—
electronic
dictating machine, small enough for a desk
trips, was introduced July 22
drawer and light enough to be carried on
outstanding
share———
41,965 :
railway——
oper.
A streamlined
3,020,000
by.th}<$ corporation,;
$7,378,784;;: $4,849,021
common
77,518
1—
—V. 168, p. 44.
1,881,631
inventory
$4.73
900,000
$5.07
$57,730 in
amortization of facilities
marked
in
the
as
office
dent.—V.
•
•
•
the Time-Master model,
changes in
and
this new product will bring about
the dictating practices of business executives both
while
traveling, according to Merrill B. Sands, Presi¬
167, p. 745.
1948 and
$5,604,244
$3,172,855
from
ry.
1,110,773
profit
per
' 1,033,143
Net
Known
•
shares
$4,421,854
.—I
expenses
income
4.—
Earnings
$4,205,998
on
futurer decline
prices
Common
$5,328,089
276>155
general
taxes
poss.
2,322,727
$4,208,394
•
213,460
74,944,478
12,383,735
2,506,843
5,600,000
:
———
2,288,273
$3,934,775
271,223
$93,263,840 $65,691,444
—-—
*
Administrative
Prov.
1946
13,891,230
i
income
Depreciation
:
$30,766,116 $26,905,520 $23,830;319
revenues——-—
and
by each selling stock¬
be
Inc
Smith,
—V.
Net
1948
Operating
sold
16.69%.—V. 168, p. 343.
Subsidiary, Maryland
Operating
be
3,004,362 shs.
underwriters
several
to
<fc
Boston
Freres
1
343.
May 31—
1948
1,756,729
liabilities
Notes
>
Five Months Ended
2,323,924
2,268,039
(at cost,
$7,794,994
Federal
subsidiaries
Earnings—
{Including Wholly Owned
30,
Outstanding
5.000,000 shs.
the
of
names
—:
First
Lazard
LIABILITIES—
Consolidated Gas Electric Light & Power Co. of Bait.—
;
1~2~2~375
2,923,397
not in excess of market>_
and equip, (less res. for deprec.)
licenses, and trademarks——
Total
"
to
Ripley
Inc.
The
had
800,000
securities
Prop., plants,
Accounts
amounted
to
189,700,000
kwh.,
compared
the corresponding
week of last year, an
p.
$666,184-
$744,352
."
Government
Receivables
July
corresponding week of
par)
the number of shares
is
Blyth & Co.,
April 30, '48 duly 31, '47
ASSETS—
28 announced that System output of elec*
tricity (electricity generated
and
purchased)
for
the
week
ended
July 25, 1948 amounted to 206,200,000 kwh,, compared with 184,900,000
of
(no
of
Harriman
&
SHEET
Total
the
percentages
566,088
$0.84
share
per
COMPARATIVE
Consolidated Edison Co. of New York, Inc.—Output—
for
APRIL
$476,065
566,198
outstanding
shares
surplus
distribution
AT
debs., due April 1, 1965— $19,500,000
$19,500,000
cum. (par $20)—
2,000.000 shs.
1,543,000 shs.
stock
Net
$186,497
income
Capital
stock (no
surplus
kwh.
COMPANY
Authorized
UNDERWRITERS—The
1,517
—
profit
Capital
on
20-yr. 2%%
$17,203,857 $12,073,721
75,091
$336,088
credits—
Earned
company
THE
Pfd. stock. 7%
Common
—V,
Year End
2,263,705
exps._
operations—...
income
Capital
TThe
OF
,
From Jan.
7.5
this corporation, adjusted to show general business conditions of
served, for vtt>e
week ended July 22, 1948, amounted to
319,815.598 as compared with 274,082,497 for the corresponding week
or
and'
Net
territory
1947, an Increase of 45,733,101
manufacturing
The
CAPITALIZATION
Net
$2,674,884
—
general, and admin.
Selling,
■of
in
enlarged and
distributing facilities have been greatly expanded.
Apr. 30, *48 Apr. 30, '48 July 31, '47
Period—
Customers'
hour
sub¬
develop¬
the
agricultural implements consist 01 tillage tools, seeding
harvesting machinery, soiT improvement tools, portable
grinding and
roughage*1 mills
and
other
incidental
equipment required for farm operations.
-
proposal
a
Month End. 9 Mos. End.
♦Federal
kilowatt
approving
on
Total
Commonwealth & Southern Corp.—Weekly Output—
weekly
of
also
of no
14
Crosley Motors, Inc.—Earnings—
Accrued
The
its
and
in
Deere
which commenced at Grand Detour,
1911, the line of products has been
wholesale
elevators
% Inc.
343.
p.
and
Exchange
-
company
John
of
1
total, $51,260,196.
to
authorized but unissued common stock from t
on
changing the par value of thet common ;
par value to $5 per share.—^V. 167, p. 1920.
»■
i
%
f
Sept.
vote
■
11.6
July
July
194,802,000
197,231,000
—V.
work
:
•
■
of
machinery,
\
1935, $15,037,173;
1,
Deferred
totals
output
with
Week Ended—
sharls
90,000
shares
U.
Electricity output of Commonwealth Edison Co. and associated com¬
excluding sa'es to other electric utilities, for the week ended
July 24 showed an 11.6% increase over the corresponding week a year
are
the
of
Stock
York
'
Delaware & Hudson RR. Corp.—Earnings-
preemptive
Cash •
panies,
Following
outgrowth
New
■
business
The company and its subsidiaries are engaged principally In. the
manufacture
and distribution
of
agricultural implements and farm
Corp.
343.
p.
stock
100,000
Weekly Output Increased 11.6%—
ago.
surplus, since Nov.
100,000
E.
Since
and
property, payroll,
stockholders. will
release
100,000
Co.,
&
%
•Deficit,
—
Strader,
300.000
«.
Johnston, Lemon &
Starkweather & Co
Horner &
168,
Gross
_i_
300,000
Co
Herrman
C.
.
Perrin, West & Winslow,
v
Richards
Co.
Henry
Co
&
Sears, Inc
Collings & Co., Inc.
500,000
Corp.—
&
Granbery, Marache
—
holder which
150,000
500.000
&
outstanding—
share.—————
Louis
Co....
&
*
.
total, $51,260,196.
The
u—150,000
Stringfellow—.
Whiteside,
is
the
the
on
BUSINESS—The
.
150,000 j
150,000
i) ®. W. Clark & Co
Field,
150,000
Stix
Corp.
Company.
Collins
150,000
'/*
■
•
Wurts, Dulles & Co.—
Co.
listed
is
Stock Exchange.
AND
tillage tools
June—
500.000
&
stock
common
sidiaries
Cooper-Bessemer Corp.-^—To Change Par of Stock, Etc.
'
Co.
500,000
Stubbs
&
and CO.,
Inc
Metropolitan St.
—V.
500.000
American
Julien
Sulzberger
a
by the selling stockholders.
ment of
$1,724,411'
3,000,000
$0.57 ;
——
—
common
earned
852;
150,000
150,000
150,000
Johnson, Lane, Space
500,000:
Co.
Bwiss
150,000
Co.—
'::h, Whiting, Weeks
partiAlly-owned
of
Ripley & Co.
July 27 offered 250,000 shares of
at $38% per share.
The shares
part of the common stock presently
on
(no par)
(
%:
&
Company
Sullivan &
,
Co.—Stock Offered—Harriman
stock
HISORY
payrolls and other
and excise taxes, $500,936; -V.
amounts withheld from employees for taxes and bond purchases, $308,159;
customers' deposits and
advances, $661,604;
miscellaneous ac¬
counts payable and accrued expenses, $1,079,119; payments due prior
to May 1, 1949, on long-term debt, $1,547,541; Federal and State taxes
on
Income—estimated, $3,317,759; long-term debt, $9,111,109; reserves,
$1,525,042; common stock ($1 par), $3,000,000; capital surplus, $5,179,-
Anderson
&
&
Son
the sum of $200,000, to
interest at the rate of 4V<% 'per annum.:
with
the Chicago
LIABILITIES—Trade accounts payable, $6,595,066;
200,000
Butcher
&
Sherrerd*
Cohu & Co.——
Co.,
Michigan
McDonald
Newbold's
500,000
Haupt &
First
H.
Hallowell,
—
Green.
Co
Co.
1,000,000
....
Dickson
Inc.
Hayden,
——r
—
—
..—
compensation, $3,396,836;
200,000
Bosworth,
500,000
$83,844;
200,000
•Moore, Leonard & Lynch
W.
which has agreed to lend
be repaid over a period of
.
200,000
Co
...
&
—
—
The
<■
,
ASSETS—Cash, $8,893,819;. trade accounts receivable (less reserve
$450,000), $9,150,826; finished products, work in process, raw ma¬
and
service
parts,
$18,164,366;
factory
supplies, $690,084;
prepaid insurance, taxes, and other expenses, $338,135; investments '
and other assets, $568,029; land, $1,258,670; buildings, machinery; and i:
equipment (less reserves for depreciation and amortization, $8,216,909),
$10,287,756; production tools, dies, and patterns
(less amortization),
$1,696,442; land and buildings not used in operations (less reserves of
$48,717 for depreciation and revaluation), $128,226; deferred charges,
200,000
1.000,000
Day & Co.
S.
&
obtained
be
applicant
owned
of
200,000
Son
Boettcher and
—
L.
Jones
$125,000 of the cost of
from the Provident
approximately
of
111., In 1837.
From time to time the scope of that business was broadened through
expansion of facilities and the organization and acquisition of other
$3,319,476 4,
units in the agricultural implement field including interests in stra¬
170,360
tegically located wholesale distributing houses. 24,317 s
The
present
company
was
1,116,492 ;
incorporated'in 1911 in Illinois, to
acquire, unify, and enlarge the group of manufacturing and distribut¬
123,928
ing enterprises which had developed into the agricultural implement
159,967 5 business and to acquire certain other agricultural implement com¬
panies whose products were complementary to those of the company.
(Including Wisconsin Motor Corp.)
200,000
&
1948
,
Co..
Rhoades
w
H.
Hilliard
years,
Co.
offered constitute
30,
CONSOLIDATED BALANCE SHEET, APRIL 30, 1948
.
& Bodine
T.
B.
the
tractors.
'
Co.,
premium of $4,COO which it is required to pay
option.
Funds- with which to make such
a
Inc. and associates
527,258
—•——
——
stockholders
minority
consolidated
shares
dated
note
prepayment
Insurance
Deere &
$2,792,218
—-
deductions
taxes.—:
to
,
Insurance
Lue
Philadelphia,
Life
15
year.
51,549,999
2,712,330
taxes.*—;——
Earnings per
250,000
Townsend,
J.
APRIL
ENDED
———
—
—....
profit
Common
ghep-
J.
Parker &
Redpath —•
0 Robert W. Baird & Co.,
«IUC'
Net
250,000
&
the
would
•*'. vV'T./.y
last
listed
were
————---—
other
income
Monumental
terials,
—
Haven
exercise
to
(& Subs.)—Earnings—
long-term debt———
income
.
,
$150,000 -promissory
a
tne
prepayment and also to pay
constructing a new terminal
.<
MONTHS
SIX
—
-
income
4 subsidiary
250,000
Elkins, Morris & Co
Goodbody & Co._
Auchlncloss,
v
State
250,000
Inc
1,000,000
Loeb,
Co.
Stroud 81 Co., Inc
Weeden & Co., Inc
'
Co.,
1,000.000
Carl -M.
ft
&
1,000,000
Whipple & Co..
Baker, Weeks & Harden
Francis I du Pont & Co.
&
<
sold--.-;---.--.----------—---r—
selling, and administrative expenses—.
profit
on
Federal
250,000
1,000,000
1,000,000
Bacon,
w.
j
Hop-
1,000,000
.
Hirsch
stock
common,
.
EARNINGS,
250,000
——
Crouter
Securities
Corp
&
amount, together with
to
—-*——--—•—$57,054,5.47
Miscellaneous
Robinson-Humphey
Co.
De
2,000,000-
Anthony
American
ard
The
Jackson
Curtis
Tucker,
(
—
250,000
Co
Prcscott," Hawley,
2,000,000
Webber,
&
Jaffray
wood
&
Paine,
Hutton
F.
300,000
Kalman St Co., Inc
Merrill, Turben & Co.—
Pierce,
Bcane_____
Corp.
Hornblower
Total
Interest
respec¬
Bros,. & Boyce—
Fahey, Clark & Co.—--
Burr, Inc
2,000,000
Merle-Smith— 2,000,000
Equitable Securities
Dick
^
and
to
Mutual
*-.■
NOTE—The consolidation includes Wisconsin Motor
Eastman,
Dillon
•
the
and
-
service,
outstanding
payable
of * June
15, : 1948,
there
w^s
unpaid
thereon
the
principal amount of $70,833,
The applicant proposes to refund that
obligation at a lower rate of interest, and intends to prepay that;
''•!»
-
■
products
Operating
principal
follows:
as
of
has
27,
1942,
Baltimore. £ As
$4.52
249.
Other income
company
Stein
...
A
state
90%
the
of
revenues
"
;
of
Jan.
shareholders
to
constructing a new terminal. "
the Commission states in part:
applicant
will
preferred
p.-
Shipping,
its
The
First Boston Corp._$5.100,000
Drexel & Co
2,500,000
,
electric
an
$4.50
168,
Cost
1
revenues
gas
the
.
■
Co.—Listing Approved—
effective,
sales
Net
with
company.
electric
The
<■
them
distribution
for
available
Continental Motors Corp.
1947,
had approximately 1,524,000 electric customers, and
subsidiaries supplying gas service had
approximately 332,000
customers.
tively,
:l
by
of
stock
CONSOLIDATED
sell
;
,,
Indiana,; at the
approximately 55%
of
PURCHASERS—The
:
served
and
territory served
with
electricity has an
approximately 11,000 square miles, and an estimated popula¬
approximately 5,500.000.
Company and its subsidiaries, at
amounts
j
distribute
three
gas
r
also
territory
and
owns
a
of
report
common
aggregate
output
the remainder to Northern Indiana Public Service
of
subsidiaries.
its
subsidiaries
northern
sold
respectively,
and
the
Co.
in
it
non-affiliated
1947.
Dec.
portions
District
1947,
company
a
In
These
*
located
In
to the
Co.,
Illinois.
of
approve
Exchange on July 26 approved the listing of
preferred stock
(cumulative, without par
be eligible for trading when SEC registration
Stock
shares
The
Northern
part,
Detroit
The
Ry.
amount
net
Consumers Power
value).
United
Public Service
northern
the
that
200,000
controls,
Western
Co.,
'
Co., Chicago District Co., Chicago & Illinois
Co., and three other subsidiaries.
Co., Western United Co. and Illinois Northern Co. are V
engaged principally in
the production,
purchase, transmission, dis¬
tribution and sale of electricity in Illinois in the metropolitan area
around, but net in,
Chicago,
and in surrounding territory in the
Midland
to
1^
p.
approximately
of
ownership.
asked
be
cost
The
liquidation would be about $15 a share. It was also estimated that
15 months would be required to complete dissolution.—V. 168,:
in
utility operating company
public
a
will
also
on
not
The
announcement.
an
about
.
is
company
stockholders
mated
17, 1907, and was the suc¬
first of which was incorporated
the
engaged in the
production,
purchase,
transmission,
distribution
and
sale of elec¬
tricity. It does substantially all of the electric public utility business
In
Chicago, which has an area of approximately 213 square miles i
v
to
reduction in the
number of directors to five from 15 during the liquidation period.
In Consolidated's annual report, issued early in June, it was esti¬
The
organized
according
stockholders,
its
for
the
of
will be
to
Approved
July 2 authorized the company to Issue a first-mortgage
exceeding $200,000, to bear interest at the rate of
per annum, payable
quarter-annually with installments of principal
over
a
period of 15 years, to evidence a loan of like amount, the
proceeds to be applied to the payment of note indebtedness, and part
note
contemplate entering any new line of busi¬
to wind up its affairs and to distribute
not
purpose
available funds
all
;
does
The ICC
r;
.
but) its
ness,
Sept.
on
companies
plants
,
Consolidated
is
Cosmopolitan Electric Co.
Commonwealth Edison Co.
The
la 1887,
The
mortgage
bonds of any
of
merger
named
company's
Aug. 31.
additional
corporation
Davidson .Transfer & Storage Co.r—Note Issue
will vote on the liquidation and dis-Ji
formerly Consolidated Steel Corp. Sale £
and facilities to Columbia Steel Co., sub¬
27
Aug.
on
corporation,
sidiary pf; UnitedStates SteelCorp., is scheduled $a hecpnie; (effective
company's
the
thereof,
Illinois
an
of
corporation
cessor
under
terms
this
13,732,000 shs.
■;
result
original
the
to
BUSINESS—Company
.
issuable
bonds
and, subject
-series may be issued.
of
11
(447)
CHRONICLE
50,000,000,
'
tinlimited
stockholders
solution
.100,000,600
y
/■'/ t
'
16,000,000 shs.
,*
FINANCIAL
&
Consolidated Western Steel Corp.—To Dissolve—
The
;
f$180,000,000
series L—_1
3%bonds,; series
3% bonds, series N—-j
bonds,
COMMERCIAL
1693.
Danly Machine Specialties, Inc.—Bonds Placed Pri¬
vately—The company, it was announced July 21, has
placed privately through Dovenmuehle,L Inc., Chicago,
$1,750,000 first mortgage 4^% sinking fund bonds, due
July 1, 1958.—V. 165, p. 537.
J/•c,
.
.
•
(E. I.) du Pont de Nemours & Co.—Secondary Offering:
secondary distribution of 30.000 shares of common
stock (par $20) was made July 29 by Smith, Barney &
Co. at $180
net. Dealer's discount, $2.50.
—A
/
*
Number of Stockholders
It
is
announced
stockholders
as
of
that
June
this
30,
Increase—;
company
an
was
increase
of
owned, by
821
over
94,244
the
different
number
of
(448).
\Z
COMMERCIAL. &. FINANCIAL CHRONICLE
Monday;* Aiigust' 2, 1948,
»*$<;.
uVili'
holders
recorded
the- close.
at
of,, the first .quarter, of (1948t and;' an
in whole
increASe of'2,706 over the number-of holders as ofTJune 30/ 1947;
'
There were 76,687 holders ofn common stock' arid .23,627 holders .'of
preferred :stock as the second quarter^of,-1948 ,ended./ These"'figures
include
holders
6,070
More than
was
more than" one
of
43,900 holders
represented
%;:(>;
■
Uuluth Winnipeg & Pacific
^June-—"
Gross
*
'
Wet;ry,
railway
railway
"Deficit.—V.
Dunk
*9,709
2,281,800
168, p.
1,756,100
438,624;
<609*268:
134,890'
44.
'
Interest
250..
p.
of
this
"Dunk Donut
Highland Park, Mich.—Stock Of-
to
aries
discount
5,286,235
1,849,666
4,585,881
1,840,657
$6,699,615
.
require.
4'/a %' prior prefer-
on
stock
ence
'
1,108,729
6%
pfd.
stock
$6,874,834
$5,590,886
7 $18.38.
$1,4.94
Earnecf peir share of'6%- pfd; stocks
—V.. 168, p. 250/
' \
' V 4
POWER
Eastern
Utilities
for
"Full
4
$6.88
k
General
accruals
taxes
________
Federal income
taxes__
Other
income,
$83,847
net
47,614
•
■WW
Gross
income
income
Net
dividend
571,7.39
$205,484
33,393
380,830
$1,585,467
ter E.
U.
A._
UTILITIES
~
;
-
77,652
-
-7
7,097,893
21,248
due
to
E.
U.
22,37Q
>
Total
-I
:
^
205,258
"
.
""
.
HOLDING
River Electric
Fall
Federal
income
—V.
$1,608,259
$1,894,8465S4
*
N
91,072
15,016
168,
16,031;
$1,724,790
1,371,299
.1,371,298
157,911
157,9.11
"I—III—II
paid
dividends
paid..;
250.
p.
Eaton & Howard Balanced Fund—Net
Asset Value—
The
semi-annual
indicates that
1948'to be 1,457,059:
report
Standing /June 30*
number
outstanding
during
samo
asset
while
the;
value
2466.
p.
Dec.
period
per
31,' 1947.
from
share
the; number, of shares1 out'a gain of 133,356 over the
Net
assets
$31,408,228
increased
to
from
increased
total
a
$23.73
to
'
per
share increasfed
from
Electric Boat Co.—Has
of
-
$15.05
to
$36,845,233,
$25.29.—V.
167,
'
167,
for
company has
000.
22
a
$40,000,000 Backlog of Orders-—
four-motored
Canadair
Four
transport
total backlog of orders estimated
at
over
Of this
planes;
for
/design 'and produc¬
the
U, S. Government, electrical
equipment, color offset printzing presses, ('Elco" boats • and laminated wood
products
N. J., plants.
;
"This is easily the largest
peacetime backlog in the
company," Mr. Hopkins said.
"In the first half of 1948
sales were in excess/of
$42,000,000, Of which' $29,000,000
completion of contracts for Canadair transport planes
Canadian
Air
Canadair
planes,
Forces
and
Trans-Canada
$17,000,000
represented
1047,
Airlines.
Of
production
\ •'
i
from
were
for
the
these
the",
Royal
sales
accomplished
of
•
id*
Completed
transport-)-aircraftl
has," in. .the, past, been issued, Mr*
He'estimated; however/that 1948 .sales.Of .the company^
■
annual
Hopkins skid.'
would exceed
financial
those of
-
1947
report
by
a
substantial margin.
lecurring^nature will .be derived-
from
the
S;
Income of
a
non-
during -the Aecbndthalf--6f tffis' year
the-'final settlement of war contract
U.
termination claims filed with
Government.
^According4 to Mr. Hopkinfc, the'ftet proceeds'
irom these
eiaimk; ''should prove-substantiai." t:, ;" /
"Iflcluding ihe non-recurring income from this source and, unless
there
are
unforseen
disappointments in
operations
during the last six
months/earnings of the. company for the year 1948 Should" be equal to;I
at
least
double
the. current
preferred dividends,"
Effective July
43
H
768,556
-
dividend
Mr." Hopkins
rate
on-'the common
sa|d.-V. > 167^
•'-
•
'
V
-
,
.
-
•
succeed
to
has .been elected a Commer¬
Qr.'rBatcheJder, who retired) 'after
W.
"
the
input
Nebraska,
; v;v/
p.t- 344;
82;103,000 kwh.,
the corresponding
increase of 18,week of last year.'
■ '
■
** ,tih ™
an
• -
"Rising
General
sinking fund. $26,000" of firSt mortgage Vk %
interest.
&
Payment
'
so-trustee;
be
will
made'
115"West
and!
• wages
Motors
to
on July 24- announced;..,
material -costs
have ; made
the list
ihcrease
8%.
of
by models will be
luring divisions."—V. 168,;;p, 345.
the,
Monroe
it
for
automobiles;
necessary
prices of its passenger
(The new price became, effective on July.26.>,
announced
passenger cars
by
the
>
;
,
Prices"
New
manufac-/
car
•"'•••
,
bonds
at
/
"T^ere will be ho change in truck, prices at this time.
;
Cq^Partial Rcdjemptji.Qn—
dalfe^ 'iiorredemption"'om Seip^ l, hexCihrougli
>
C. E, Wilson, President,
f
,
' 1 "A ;*■
%
General Motors Corp.—Car Prices Raised—
subsidiaries
of
rX'T
in
7;
c
System
^
t
.
at.
Chicago, Mr. Parker - will have charge o£
Illinois, Michigan, Wisconsin; Minnesota, Towa,
Kansas, Missouri, 'and Western Tennessee;—V. 168,
relations
^
1948
y<,
and
R. I. Parker of Chicago
With1 headquarters
Eastern
to
over
-
i,
years'-service.
customer
$^,605,478 $12,724,569 $10,352,794
28.9%—
•
Vlce-Pjresidentfc
"
651,429
General Phoenix Corp.—Plant of Unit Sold—
,
St.;
Sec
International
Television
Corp.
1948
oper.'
Income
7v
'
below.—V.
167,
2466.
p.
1946
I
}
■>..
4'
.»?
1945
'
60;297
4,350,197
^963,561
v
884,623
>
Preferred Stock Offered—*.
F. SI Yalitis1
Co.,' Inc.: H. M.r Byllesby & Co. (Incv); W,.
L. Lyons & Co.; J. C. Bradford & Co-, and associates on*
$9,688,246 $13,391,509
*
1,775,434
•
^
•:
73,422,437
15,441,063
5,583,358
.v'.
■■*■[{
8,523,938
58,007,400
The
75,326.474
5,049,287
20,359,974
*1,512,825
underwriters';
additimral
8,616,139
shares
Transfer
may' within
of
stock/'after
p,_ 25,77,.
for
1
Co,, LduisVille,
purpose1
at
334
Z The company on
Covering
458,544
or
that the
July 23 filed
of
a
registration' s^tement with
stock
purchase
sharCs.
will
cum.
pfd.
conv.
and
•
its
Egrhings
' * '
tificates
The
;
.
...$3f2Q7,699
-
UNDERWRITING-i-The
^
Fitzsimmons
company/
-
offices
Title
par4
•
•
at -1489/ W.:
($100)
•?•»'.
Insurance
F.
S.
H.
M.
;■*
Lyons & Co—__
.»;*>• ?;**■
&• Trust
Co.,
Bradford
& Co.llz._^-_
Van
20
Dempsey
10-
A.
8!
4r
4
&
Co.______—
R.
168,
2
f
'
2"
22
—_
f
O'Neal, Alden & Co., Inc.—
& Co.*
1-."— r-'
l'/a
Wilson-Trinkie
IVi
Co.l___-.___
-
; -t
Holton. Herrington, Farra
4.
4
Staats Co.—
,
4
_
Mason* Moran & Co
Corbett,,
Inc.;
William
-
Alstyne, Noel & Co
& Co.
2—
Edwards & Sons°___.
Herrickf Waddell & Reed,
Inc.
Hickey & Co.* Inc.——-—
G.
■
To.'
l
-
i.
4
P*,zU 1 ■ 'HI5^
"
*
General Public Utilities
S
'■
Co.i^.—\^eekly_ Output—
>
~j
The>ele&^
corpbra'tion for the week ended July 23,
1948 ainoun ted * to
47,001 ;470 k^h., an'increase of 13,945,356 kwh.,,
6rrlb.5%-t'!bvei' -thfe'correslponding week*of last year.—V. 168,' p. 345,
*v;
v;
p. t
•
<*•■
•*<*
"
■
■'
-,/
Georgia-Pacific
Georgia-BaciHc Plywood & Lumber Co.—Calls
wood
;
;
Pfd,—-
The directors haxfe called for redemption Aug. 23 all of the outstand! ing shares of $L convertible 'cumulative. preferred stock; R. B. Pamplin,
Secretary, announced.
This Was an issue .of 100,000-shares sold early>
.
thia year,
Lor Angeles/ Calif.'
/
-«
'
^ )*•
fjp.^Amplin .said the cpnversionvrate-is .two shares of)common' stock.*
for
the
-
-
„
-.
-
■
...
each/share of convertible preferred,, which rate
split in /Jrine'
of/the/ common Shares. \
'
was
effective
after*
■£ :n '
)7.'
.4 ;
for redemption "at its redeirip*-;
quarterly dividend/ periodr-in' Which issued). 7, Dividend/arrearage^ ,' i "f^iils'^dnVettibie
for^lS months,.-whether consecutive or not* will entitle the first"
tion /price ot $21.15 and will continue "to be convertible irito common
pre^
ferred' shareholders1, 'as-'a class; fri
at arty time^up 'to and'including Aug:" 23, "the redemption date,!'
the-(right' tolelect'a majority 'of the
Mr._ p'iy.
board of directors.
First preferred shares/are: redeemable at ariy tlmd
Pamplin said.—V. 167, p. 2578.
■
.
the
,
_
/'
,
^ v
%•
.
Crowell, Weedon & Co
Preferred
Blvd., Los'
(first .preferred,
-
5%".
the
"
20*
Yantis
Cruttendcn
" /'. VI
of
of
(/r
& Co., Inc.—
Byllesby" & Co.' (Inc.)
W. ,L.
.4
Washington
10;t)00 f. shards
«;,i
—
v
conversion
underwriters
•
$2,725,515
r0jlSj?ry.
X
^ ^
at
stock;* 6j%/cumulative.
agent,
->+?~
'
with
Angeles, ~ls [ offering
Transfer
'
upon
six months thereafter," "such number of additional shares, if any,
not to exceed 50,000, as P.- S* Yantis & Co.,-Inc.,- and W. L;
Lyons & Co., as representatives- of the underwriters, shall from time*
j#!#'
to time determine:
H- •«
$0.9B
Stores, Ltd., Los Angeles
Stoc^ Of^recl^
The
^
600.000 shs.
but
are
f
*100,000 shs.
than
shown
"ur''
I
Outstanding
named below have severally*
agreed to purchase .from, the, company .at $20 per share (i) ii total*
of 50,000 shares of preferred stock,
the percentage to- be purchasedby each underwriter being set opposite its name, and (ii) on the
closing date) arid , from time to time .during -a peiiiod...of, not mqre
are
after- accruals for
estimated
taxes based
'sub/ect to usuai :year-end; adiustMerits4/i^fS - ,i4 A
((.Deposits repprted^ by: the-bank" affiliates "in:,,publisbed! statements
as
of June 30, 1948, aggregated
$1,095,634,694.—V/' ieTv^p.'546. Xn :,
and
1948.
100,000 shs,
reserved for issuance
cumulative convertible preferred stock.
be
1947
;;4X
•
t2,000,000 shs.
Mullaney, Wells & Co
share>_'_-"lX-l_'_V_r__"_
figures
income
on
i$20 par)
therefor)
Berwyri;vT.,, Moore
.1948,
Indiana;
outstanding in the amount of $350,000 and, 50,000. shares of preferred*'
stock .will be. outstanding.
(Including 300,000 shares, (or scrip cer¬
Corp.—Earnings Higher—
of Corp.
affiliaed banks and other active affij,
per
stk.
(50c par)
Martin, Burns
Inc. '__J"_i
Six Months Ended June 30-1'***"
Consolidated npt epprating revenues
of
"Assuming the issuance and sale of the entire 100,000 shares.
If
only the initial/<50,000 shares'ax-e .issued and- sold, the' ''2Wfc '9G-day
bank notes (borrowed from Harris Trust & Savings Bank)
will be
to
provide, the companies of the Fireman's Fund Group/with
additional capital
funds?—*168/-pr "250.
4
' ' * t'p'
v<""f "v
First Bank Stock
assets
Aunthorized
5%
the SEC)
Proceeds
and
'
($7.50
all tihsubscribed
business
East/Broadway, Louisville 2, Ky.
'
J;k C.
will
Xi
-
of current bank borrowings.
It is estimated
plant will cost approximately $1,635*935 and that it will>
in July, 1948.. Of the'total estimated cost all but ap¬
new
completed
pari.,; Shareholder^/
Of record Aiig.
23, will be offered 433,164 shares at $30 per share at
rate, of four new shares for each five shares
held.; Blyth «S? Col, Infc.,
The First Bostoh
Corp., and Dean Witter & Co. will underwrite 25,380
and
:-
CAPITALIZATION, GIVING EFFECT TO PROPOSED FINANCING
' '
common
the
proximately $225*000 had been expended as at May 31,
'
shares
**
Kentucky Aug. 27, 1945*
reduction
payment
be
Fireman's Fund Insurance Co., San Francisco—Regis¬
ters With'SEC—
Registrar,-
•
incorporated in
acquiring
Ky.
J
'50,000;;/ ;
"
,
and Di-
'
"
"
Louisville,
"'
PURPOSE—Net proceeds'will be applied toward the cost of con¬
struction, or reimbursihg ^the company's "treasury for the cost- ofconstruction, of the company's-new plant at Savannah, Ga., including
■-
2466..
Co.,
to
up
'
'
■
engaged in the manufacture and sale of hardwood plywood,
including certain fabricated articles.
Principal executive ofiices-are
located
At the annual
meeting of stockholders held July 21, and the directors',
meeting held immediately thereafter/the following were elected officers
and directors for the
ensuing year: Harry R. Amott, President and
director; George A. ' Frimpter; Vice-President, Treasurer and; director;
Randal Holden,
Secretary and director; Ephraim Kairien; Vice/Presi>r
dent atjd
Director; Walter Murphy, Jr.; director;- John R.- Nelson,:
Assistant
Secretary;
and
Margaret B?~ Inglis, Assistant Treasurer.;
pi
Ky.
purchase
.
marily
merger agreement provides for
the creation of an authorized
of°166,830 shares of iYi'% cumulative preferred
stock, par $16.50
per share, of
the Falstaff corporation, which
will; be. issued, share,
for share, in
exchange I°r the outstanding 166,830 shares of cemmon
stock, par $5 per share, of Columbia Brewing Co.
«
'
in connection with the
merger,. Falstaff
Brewing Corp.
recently
announced that negotiations were in
progress for a loan of $2,000,000/
the proceeds of which are to be used to
pay all notes
payable of
Columbia Brewing Co., which amounted to
$1,550,000 on June 7, 1948.
The'consolidation became effective on July 31, 1948. See als'o V.
168,p. 149. -;
r
—
-<
—
-
•
:
& Panel
Co.
(Ind.V/ founded ,in 1903. and of the latter's
wholly-owned 'subsidiary, Crescent Pa'riel Co. (Ky.).
Company is. pri-y
The
Fifty Broadway Building, Inc., N. Y.—Officers
of
was
months
>
?
Veneer
stockholders on July 26
approved
an
agreement
of merger
provides for the merging" with and .into , this
corporation of
Coiumbin Brewing Co. (MO.')*1 The stockholders'
of the latter approved
the consolidation on
July 19.
.
the
six
preferred stock.
Kentucky-Trlist
agent,
Louisville Trust
45.
p.
—
Juiy 28 offered 50,00p shares of 5%
ible preferred stock (par $20)r at par and dividend.
•ff
85,335,842
20,835,183
income..'.
168,
1947
1,71X602
-
railway
railway,
oper,
'
$14,778,348 $12,264*420.
3,820,821
2,514,339
_
from
ry.
General Plywood Corp.
Falstaff. Brewing Corp.—Merger Ratified—
;
prior; to Jyily_\ 1948.*' - ,
v*r.h
In vfew of ihe fact that the
company's business is largely of a long^'
r-ange character, requiring from- one to -two
years for the/ production
and, delivery of U. 8. Navy submarines and also'
an
'
•
■
Smith'ibegan,
&
cial-Vice-President
"414
9
July 22,
106.2%
^Deficit.—V.
the'company's
^
only
-
..
862,597
______
■
196,429.
$3,668,508
28.9%,
:
railway..
railway.-'.
from
Net
history of the"
"The present estimated
backlog of over $40,000,000 compares with
orders totaling $31,369,000 at the end of
1947,'the major part Of which
were
approx.
; 300,000^
i_i—i'"'267,075);
V
General El ectric Co.—New Commercial
r
used
produced at the
company's Groton, Conn,, and. BayOnne,
!
■
Paul. L. Davies, President of. Food Machinery Corp., explained that
the' Stokes H Smith facilities would be integrated into the
dyer-all/
divisional-operations of the parent' company/—V. ;168,; p. 344.',
,
^
shares
$40,000,-.
amount, about one-half consists of orders for planes and
parts to be.produced by the aircraft
subsidiary (Canadair, Ltd.,
/ Montreal). •
The other .-ha'lf represents submarine
spare
tion
H
■
RR.—Earnings—
—V.; 167,
2466.
p.
John Jay Hopkins, President,, on ^ July» 28- announced that
with: the"'
jvceipt the week before of an order from the British Overseas
Airways;
corporation
>
rectors Elected-rctors Elected^
Asset Value—
$16.56.—V.
V ;,;X
2
/ '
$132,925'
300,000;
suppliers of machinery to
of all types of: non-liquid
Common stock
.
the
220,556
;
.
The semi-annual"
report indicates that the number of shares out¬
standing as of June 30, 1948 to be 125,482, an increase of 3,810 over
t)»3 number of shares
outstanding Dec. 31, 1947. Net assets increased
$247,796 during the same period to a total ..of
$2,077,750, while Asset,
value
-
.
?■%"
380,757'
.
~~~~~~
v'l'./
ended
From Jan., 1-r*..
$5,437,005
I
Eaton & Howard Stock Fund—Net
:
.-
issue
101,562
$1,537,127
dividends
first
Of
operations in 1900, and is today one of the *
paper box manufacturers and tot
products.
Annual sales for 1947J1
were About $4,000,000 arid
the het' worth of the business exceed?
$3,000,000;-'•
"'v'
which
52,408
^54
taxes
to the -company/
preferred stock will bo>
Machinery Qorp.—Acquisition—
Stokei
•
•-The
$1,727,615
84,347
income
Convertible
*
-
<
wc
>
from
Gross
,
Interest
Common
at
Trust
ry.
Net
1947
286,58"?
...
shares
capital
649.1
167, p.
COMPANY^fcompany
.'205,258
;
taxes
1,000
60,000 shs;
100,000 shs,"
proceeds
the,net
Refit, and remodel 1 and. modernize six ■ stores,
,
$1,522,357-
Light Co.___
v
General
!
>
$1,635,795-
ONLY
1948 °"
■■■
Expenses
Net
$l,805,85f
190(488'-'' -1170,056'
ASSOCIATION
that
PAy off short-term bank loan__:—:
leading
whether
1948—12 Mos.—1947
497.665 ;
rtx-M
r l4
'.
taxes.
corporation amounted
from
Net
,
OF
May 31—
subsidiary companies
from
Net
286,587;,
*1
■
$1,691,826
inf-orptf
interestl-
yX 12 Months Ended
Total
$1,519,264
$1,501,337
from
respective periods
$3,299,587 $13,873,882 $11,867,234
79,875
—
week
'
r
amrl
and
EARNINGS
Dividends
to
$3,298,284 $13,873,697 $11,861,524
"'
1,303
'
" 185J '
5,710
June-
Gross
X Balance
Dividends
Federal
the
Erie
$1,486,568
X---
the
100,000 shs.
100,000 shs.
and:"set-up"4,paper;b0x-makihg machinery for 'the food,
and;i:ptheriindustries.v"',<;7f
-f
17,119,696;
$3,968,939
Savings / Bank*
Chicago, 111;—v. 167,' p.-2685/
(as
A.
,T
ixnpnsps
Expenses,;;; t.nVPS
taxes
651,429
22,122,376
.1948—3 Mos.—1947
■»
•'
*TT-
.
1969
-
intended
of
10,000 shs. ';
par).
par)'-^__i_1
$1,519,264
ASSOCIATES—
applicable
income
sale
($1
Working
packers
consol..
Operation- of - the
-
;
5,273,500
INCOME OF COMPANY ONLY
-
income
Harris
($100
cum.
stk., cum.
($1 par)
^
.
Outstandingr
10,000 shs.5
.
Empire nistjrlct Electric
"
•
OFFERING-'
PRESENT
EFFECT TO
The -corporation on July 23 "announced its entry into the dry
pack-;
aging.zfield with the acquisition, for an undisclosed amount, of the.
Stokes & Smith Co. of Philadelphia, manufacturers of packaging; fill«
-
The-company has
.
77,652
$1,486,568
.
above)
Non-subsidiary
the
Food
'
Weekly Input Increased
413,572.
$1,619,286
GIVING
(3);
414,
V
.
768,556
~
requirements applicable
426,000 kwh., or
r-V. 168,. p.- 344.
$2,032,858
$1,966,297
$172,091
-
$100,660
of- subs,
shown
196,429
-
PURPOSE—It is
862,597
$3,968,939
-
"Super
as
,
18,634,136;
~
V
220,558
A
stk.
approximately
30,800
dividend.^, requirements—Blackstorie
EASTERN
Earnings
380,757
-/"•iiv'Sf-■
For
*
(4)
'
23^271,689
incoihe};^_______^
452*232
Valley Gas & Electric Co..____
Applicable tor minority interest
Applicable
185;.
497,680
to
unearned.";
for
on
r
ing.i wrapping*
or
Net
———.
I
income
Preferred %
18,628,426
5,710.
5,967,609
income
incomq::
•
;
23,271,504
5,966,306
79,873
Income—1
Prov.
v
described
generally
(a . -
are
7
,
applied to the "following uses In thd' order indlcja^
•tit Replace In working capital funds utilized to redeem 7%
preferred stock at call price, including cumulative divs.
18,628,426
gross
(net)
960,815
23,271,504
"7,398,324
expenses. _•___—
Interest deduction ;from-
$1;580,626
-:A..»rJVr,.
$131,460
from
$1,394,557
$158,789
46,694
:
Deductions
5,966,306
Other
,
which
f
pfd. stk.,
B
.
income^
oper.
1,242,111
from
carried
From-^ubsid.
;
Utility
...
_
its
and
markets
SECURITIES,
class
(2)
Total
;
1
$1,144,458 $14/712,857 $13,419,588
886,208
704,317
10,041,490
8,583,073
54,621'4 ;
39,090
- 644,7:l9v "540,571.
62,393
60,308
759,120
734,616
100,716
100;068
1,158,9'63'
1,152;01£>
39,266
81,886
714,008
828,686
Maintenance
1st
5%
;;;v:.
5
Period Ehd. Jan. 31—
"
1948—12 Mos.—1947
6%
i;60I,544
:f
Federal
....
Subs.)—Earnings--.,
21,190,785
'•."v
„>V!,.
.___
-
.
CAPITAL
■
I " ^Onspl. earned surp.
$1,227,050
Operation
res.
(&
1948—Month—1947
revenues
Retirement
1,601,544
&
.
earned
operating
Markets." '
from
7,398,324
,
Associates
Period End. May 31—
r
26,115,159
1,303
——.
Balance
1,108,729
.
entire-Tood
.
Total
Operating
.
273,564
.7,398,324
7 taxes Ton
$2,5J5;723
.
....
_
organization has beeri engaged'lh the busi¬
managing the operations of departments within
since
company
of
Class
consolidated-
- •
1,108,729.
The
•
ness
3,476,972
it-.-
equity-
*
Gross
applies to
Ml'
i'Zi'--.
deduction
income "7.7::—
,
Balance
.
27,667,757
8,800,861
M00;386l
364,944
Total
t;
$3,684,451
,
________
«
—V.
^
41243;963
1,952;965
•
34,916,020
.
-6,640,256
Other' income
-
Net income
Div.
8,163,654
MOO,386'
to
LIGHT CORP.—
Net
1946
$7,983,563
debt
1,723,673
public__
■: v,',
.
ELECTRIC
$18,802,474 $17,333,312 $11,462,354
3,683,010
4,207,159 ; 1,580,973
—_
.
.
-
«.r
divs.
Provision
1947
.
_
Fitzsimmons
of
Authorized
,%(.%•.
Subs.)—Earnings—r
'1948
ik
,
deduct." (net):_
Interest
and
8,363,929
2,073,926
1
Expenses
Provision for income .taxes'
Depreciation and depletion^-.;,^^,
l,f
equity of corp. in
income vof subsidi¬
offering will be used principally for
shops" throughout the United States.-^-V/1168,
12 Months Ended May 31—• :
Total consolidated income
'.'l'li
Net
.
Interest
.
stock
Eastern Gas & Fuel Associates (&
'
346,897,
26,960,089
707,668
8,061,674
and
("applicable'minority interests
j The principal business of the
company, operating since 1937, is the
operation of "Dunk Donut shops" located hi Detroit, Mich.; Cleveland,
Ohio, and Omaha, Nebraska. 1
s
proceeds
public
Balance
;
*Pfd.
r
The
to
Portion
fcrefeCharles E. Bailey & CO.y Detroit • acting as under¬
writing agents, are offering 200,000 sfores common stock;
at par ($1 a share). '
"
additional
9,960,718
276,862"
10,237,580
1,374,200.
305-631
ott ^
29,85^
138,953r
*137,025
jvhVa-^
part on at least 30 days' notice" oh any dividend date,
lha,reljplue:dividends. *
and
16,188
1,282,100
88,564
income
$237*700
v
Donut Corp.,
347,363
34,277,118
302,255 ' ;\ 639,902
' -'65,tili
.
other
r^dperi1 income—i
Net
$173,600
*-10,585'
*46,292°
"'40,493"
Operating
'•
1—
Gross- from railway--—
Net from :railWay_L
88,253
li
;
1945
$253,300
45,133 ;5,466'
'
88.477
Z
c
" 1946)':! '
-
SeRt, 19, 1^30, organized as a corporation under
Stores, Ltd.," under the/laws of the . State
of California.'
Company,- during the month ' of, Septerhtier, 1930, in>
Which it Wak'organized, acquired all of the "assets of Associated Stores
of
Americk,' Inoi/^ Ltd!, ";a4 California ; corporation, in exch£(nge jfpr
capital- stook oi%the company.-:9'The assets'ko* acquired1 consisted of 17;
grocery departments in master markets in Southern' California.J
'name
the
' ?'ȣ'
uhionl
the
1947
$303,000
oper. Income
From Jan.
e^ery/s^ate jn
Ry,—Earnings—
uIb *4 v
1
from
fret* from
-of5) stdck:{<//.:
and
women,
^
Co^pW^'^a^Jon
dU' Pont stockholders.—V; 168/. p. 344l1,,u>;liu,ii
J- p - *•.
ppk^ P
among
?
were
kind
in
or
at $109-per
: tuUnlmMirin'tni'^iftTiUti 'tj*
v
f
Volume 168
Number 4721
THE
Georgia Southern & Florida Ry^Earnlngs—*:
June—''
Gross
r"*"
1948
from
Not
ry. oper.
railway/-*/—
From Jan.'1—
Gross
4
88,941
3
-
$559,546
216,210
26,610
•
.
5,049
«'
980,744
800,320
282,092"
280,696
159,981
:
-
413,387,
,
-tr."Vr:-■■:-t;'r-s
1
(H. W.) Gossard Co. (&
May'3i— A 1
profits
from
sales
1948
Selling, advertising and admin,
security
and
old
Operating
■
HvC".
-
—
•Iv-\7.•
i
;
$1,242,311
'
1,169,314
908,847
'
26,085
.
24,602
:... A
'
profit-^—
Income credits
'
$1,698,297
32,712
■
'
stock
1946
'
1,370,957
'
,
j,
$514,849
?. 6&.981
—
$502,898
of
dividends,'at the
of
rate 'of
1/20
stock of Service
common
record
dates;
Of
share
a
Co.
but" has
.current
! .Net
$580,829;, '
z:
profit-
.
profit—
of
CAPITALIZATION GIVING
•
Earned
V.
quarterly
V
shares—.
June—
Gross
.
EFP'ECT
TO
.1948 4/
.
railway—'—
$4,303,000
railway;/—739,673
ry.
oper.
w•
%'i* s- a-&VM *■
income___
From Jan,
661,387
>r
•
1—
•
■
Ret i'rey,'.
fV^n ry.^op,'
accruals—11-1-
$2,900,000
178,280
*162,61 J
589,954
1,000,000 shs.
Jones
/
in
33^4Q,0pQ,15,449,000
4,722,868
18,5.73,000
3,979,888
2,465,733
:425,045
'
41,611,219
Total ffked'
7-
has
company
&
Laughlin
V.
$118,318.
-
Am
"•
-
'7
■>$768,510
not
quoted, ex-said
distribution
until
further
345."
p.
'
'
A. -McDowell
ahd
security for the collateral trust
first
and
$6,405,000
refunding
of
first
notice.—V: .168,
shares of
'
$8,806
39,868
218,805
refunding
-«'
Dividend—
1947,
^
Thebboks' of
closed
House
Store
y
ajid
administrative
OFFICERS
6
the" registrar
of July
as
profit
$2,681,782
'Gross
operating
rentals,
profit;
real estate
•
and
personal
for/income
Net income,
Add prof,
on
$2,939,999
Loan
non-recurring profit
products
Sejlirig and
evi- ^
hay£
soldi
Net income
Common shares
—V.
/
'
>
per
167, p. 2788.
The
ment
directors
to
on
to
from 500,000 shares of
common,
preferred stock of $30
par and
sitock of $10< par/'
TL.-3 a
av
[ -The
proposed amendment is to be
meeting to be held on Sept. 1.
The
ferred
?
Submitted?
.
efltitled
to;, vote; wasfiXed^'
atock
-
will;
have
some
date
Aug.3'T2:
as
of
-
•
to
amend,
stockholders
for
It
other
in
Dec.,
and
4
p.
1871.
Willard R. 3
L. Webster
-
.
firm
less
than
listed.
k^A "total of $51,908 first
bonds, series
A
and
B,
the
'
■
the
in the'
spent
full
amount
'
"
"
purchase
received
over
the
.
'
•
"
■
,H 7
period
a
10,000
214,000
.
I;—/
set/up
to
proposes
of
four
record..
shares
of
I
a
of "stock
may
Government
provide
the
"working
necessary
r{
tkc TvAJs
from
the
•
stock
(par
,.
■1
,
Ai J.
that
stock,
date
except
person owned
Public
Service
of
Co.
of
owned
■
,
record 5%
pr
capital,
extend the
the ■
tiriie '
which
may
■
are
require
i
would
of such
which at
stock/ constituting
267j010.9 shares, of such- commonapproximately 44.5% thereof, and which wouldtherefore
to-subscription warrants,
shares
of
agreement
the
evidencing
additional
with
the
common'
company
rights
stock
now
,
or morjs
to
subscribe
be
and
D.
•about
otherwise
^
?«
of
part
a
be
.
devoted
A? /
and may be
corporation's capital
the
by
an
dated
May 28," 1948, Service Co. has
to waive in favor
of the otheri-shareholdefs at'
the company,
subscription rights to 26,639 bf the'
26,701 "sharesrof the additional
stock, and (b) to
.jiurehasfe from'thfe company^ at: the"sUbscriptwn- price
therefor, the 62 shares of'-the additional:
agreed (a)
ai e,- /
?•
some
of
whom?
arrangements have already
been
—
taxes
1948
•;
913,750
12,425
705,396
1,772,166
1,482,701
$5,763,025
$4,642,533
;
i
—
18,872
stock
Income
($1
surplus
Total
-
$538,278
187,265
78,787
.122,584
(esti)..
liability
not
covered
/___
in
89,089
73,551
411,216
60,000
31,
60,000
490,338
i_.i
Oct.
291,407
...
726,574
par.)—.
since
$323,672
a
accrued
490.338
1,174,790
1,174,790
2,404,409
1935.
1,728,471
-
$5,763,025
After
for
reserve
1947.—V.
167,
p.
depreciation of
1695/
$1,040,253
In
1948
$4,642,533
and
$1,025,810
:
Lamson Corp; of
Del.—Stock Offered—Lee
Higginsoa
Corpr bh Jdiy ;29 Announced the sale at $8.50
per share
of 20,400 jshares (par $5) common stock. The issue docs
financing.—V. 16*7,
»,<•;:»!
vj.."t;*:t*
2361.
p.
'V..;
'•••' '""'-v.-'
y.n*/
from
•
>
1948
-
...
railway
A
•
1947
1946
$934,735
452,896
234,375
income—
273,872
1945
$472,241
$627,212
railway——
$560,480
134,537
oper.-
v
From
.
./
Net°fro
from
Nefc
■*?
*)
,-x:A
)
•
J-,?1?
::
>
* •
;
'?■ /A
„->r-«
?;•
'
A;
Iowa Southern
Utilities Company of
Del.—Earnings—
.l^Mbnth^BfedMp'rfl-!301^M. '*
. - v..A»X948*
1^47;*;.?
Total
operating, revenues--,;—
Operating expenses _and maintenance
taxes'
1A-
Jan.
■-
.
from
railway
railway
ry:'oper. Income"—*;
V" ^®8, p. 46.
"/ '*•
"
.
V'
i
s--
187,503
125,062 V
* jA;AZ
3,282,333
1,015,237
851,607
3,830,917
378,660
771,603
taxes,
3,008,563
2,696,346
729,052
545,729
595,029 *''"*■ 445,732 ' •*" "414,820
:;v..v
,
-
•Lehigh Valley RR.—Debt Plan—
•
*
-
The debt
readjustment plan of the road under the Hawkes-Wolverton
amending Section 20b of the Interstate Com¬
merce' Act,
is moving along rapidly.
Hearing has been set before
Interstate/Commerce Commission Examiner J. V. Walsh on Aug. 17 in
for
retirements--^,--,..
Washington
opposition
lor
to
the
purpose of receiving. evidence
company's application—V. 168, p.
the
in
of
support
252.
!
or
e
Lily-Tulip Cup Corp. — Common Stock Increased—
Prefefrecf 'Stdck id be Placed Privately—
Thg
-stockholders
authorized
shares
on "July
27 'approved a proposal to increase the
stocjc (no.par value) from 250,000 shares to 500,000
common
and
to
create
an'authorized
issue*"of
30,000
shares
of
528,000
439,850
+"*
/,
entire
preferred
.
sold
for $3,000,000
the
;
3,122,870
J
'The
/
Mutual
will
be
to
Benefit
used-to
deduction
pay
issue,
bearing
a
the Massachusetts
Life
bank
Insurance
Co.
-
IV2%' dividend'rate,
Mutual
Life Insurance
Of
proceeds,
the.
loans of-the company
and
$100
of
-
will
Co.
be;ami
$2,500,000
the' balance, after
will be utilized to
$30,000 expenses incident to the-issue,
increase, working .capital" "or "fixedfassets".-—V. 168,* p." 47.
-
■,
•
'
681,786")
512,000
Lion
-r
Oil
jDo—Completes Another Well—
Th£ "Company
Field
——.—"—
of
Barber
July" 20 "coihpleted
County, Kansas.
The
on
its
third
well
in
the
DeGeor
latest well, - the Lion DeGecr
the "Kansas Corporation Commission
and assigned the maximum
recognized potential in the State of Kansas
Nb/ SAWas
officially tested by
barrels
per
arear this
day.
,
Redding
company
now
approximately 2,000 acres under
has two additional, wells nearing
|n thcJpeQefir Flerd,
Announcement by T. M. Martin,
President, the company
at present .has a total of 17 wells
drilling or in process of completion
in the'states of Arkansas, Kansas, Louisiana, Mississippi, and Texas.
to
—V.
•
r
value preferred stock;,also a proposal to grant certain
preemptive
rights to common stockholders.- No- plans for the issuance of the
additiorial 'c'o'rairipn stock have been- aririovmced. :'
;
-
Set operating. earriJngS--------//---;------/ -$lj023,95I/" $1,095,^75;;;
Ih'come
2^,74$-*-. ,-30il$3
^
r
90,319
51,895
/A;';*" v'
4,364,360
1,491,565
from
AA
(Mahaffie)-.:legislation,
$6,533,072$5,851,981!
income,
*Net
?
par
i*.':
Other
1947
$835,020
1,600,544
taxes—
employees
Earned;
Gross
-
C.
sdheduie;«-V.--168.-n.-'34B. Ai
Provision
'
1,390,549
——'
payable!—.—
on
for
June—
their Complete
'
$1.12
30
$1,674,135
equipment—
r,fi
made.
cdmmon" stock in
:
.?
■ - -
APRIL
Lehigh & New England RR.—Earnings—
.,
common
respect of which its subscfiptibii
rights are notr Waived,: and1 any shares
of the adidtional common
stock not purchased
by such other sharepursuant to the*'subscriptioh
'warrants' issued to them.
This
,
surplus
•'•
Its
oolders
SHEET,
- reserve.—.
wages accrued.
property taxes
and
Capital
to'the-manufacturing
At—~ *it.-..-,•.
entitled
forv;26,'701
offered./However,
and*
and
not represent new
under* negotiation
now
-
sub¬
Indiana, Inc.,
Salaries? and
'
Willner, auctioneers,- with the cooperation of General
Corp., which owns a controlling; interest in 'Minferva;? ^"/^
plant, 'with: machihefy ?arid equipinent, appraised: by Appraisal *
Affiliates, Inc., 39 Broadway, New Yprk,'-N) Y., at $332,911 net sound
ok- depreciated value; "consists" of nearly. 50,000
-square' feet .df' office,
showroom and manufacturing space on
two floors, arid had' until recently been in continuous use by Minerva in war and postwar
productiornhf radtb. equipm'ghLf r~
-At
International Television exppcjts. to occupy their -new plant, on or
$10)
are
?
iAs of June 1, 1948, no
common
subscriptions
-:
$548,537
/ 490,338
.
B. Milliken, President, on
July 28 announced that the company
"completed negotiations 'for the purchase of the complete facilities-,
equipment and furnishings of the Minerva- Radio-Corp." of'America
at- 238 William St.; New York* N. Y.; The transaction was
handled by
.
at
$12.50 per
payable at Conti¬
nental Illinois National Bank
&. Trust Co.,
Chicago and Chase-National
,Eank„ Rew. York;
and
-
less
!.<•*' •'
■
490,338
$1.25
BALANCE
——
Co'mmon
^
contracts
rind- these
facilities
to
reduce the size of the program
i 340,000
.-A
:
by??>msurarice;;:^'^/^—
.
manufacturing A
months
Buys Minerva Radio Corporation Plant—
commOn
July: 2 are: given .the'fight, to
common
6
plant
accounts
Reserves
since
which
$888,537
377,000
Inventories""-'——.,—;
•''Property,
Fe*deral
facilities'
60,000
20,788
;
$612,661
*
Dividend, payable
John
Xnd rgfunding* mortgage convertible 6',^
.gold
Jan. 1, 1949, have been
designated by lot
Rights expire Aug.
$867,7'\9
5,190
$989,661
"
COMPARATIVE
Payroll
be
$16,000
^apltai/L--;--——
projected
of
will
had
Indiana Gas & Water Go., Inc.—Subscriptioh Rights—
.Gommon stockholders' of
for
175,246.
-
outstanding
Prepaid -insurance
Net
redemption, through operation of tjhe sinking-fund, on Oct.
1, 1948,
at 1Q5 and accrued interest.
Payment will be made at the Irving Trust
Y?', New York City, of ot- the principal- office of City National Bank
Trust ep., Chicago.—■V. 166,- p. 468. -
scribe
56,821
;
LIABILITIES—
following manner
is
■
(est.) —_1—
i-—r—1_——j/:__^
Tjade
equipment .(tooling, etc.).
suppliers with
Corp.—Partial Redemption-—
-
';^v4
—
A
;|^etsh^";a|
casir
f..l •• r
for
(The
.
66,042
195,436
—A—
shares
Vv/
Gross
due
for
*5,825,750
,
'
r
income
on.
300,000 shares have been issued
commitment
management
taxes*
Total
Phoenix
Hygrade Food Products
1947
$6,925,565
"
L
!
-
Accounts* 'receivabld,
is
164,
1948
$7,944;245
expenses—
Eamed per share.^A^t.-.^-^^-.-
Net
,
chare.
.
pre-
common must he' authorized so as
to have it available for
conversion purposes.
The amount of the increase, in
authorized
common is greater than will
be needed for such
conversion,? but there
is*- no;present
.'intention of issuing, any of such
^
;
ac-
move expensive receivers are found to' be in
demand, thu number of units manufactured would, of course,
although dollar'v'oliime would probably be the same or greater;
conversely if the " demand is principally for? the smaller and cheaper
rCieiVefs, the number- of units will be greater.
The management of
^Additional
|
organized
television; receivers
-
additional
/.,rs
,
6,698,297
expenses)
">
profit
Common
-
be less,
such
stock.—V.
'l '
-
stockholders
Oohtemplated ithe
Het
Thes^ '
greater
privilege of conversion ;into common
presently intended 'that'"only the preferred stock will
be
.sold and'the broceeds from
such sale Will be used to
increase working
capital!"
v
•!»
(
-»•
V-t>
•
r., >.
stock.
no
of televisioft' receivers./ '
,(3)* If the larger and
of
at
V'v
;
of'/ this' -issue;;^.^^----
Sale
of
and
850,000 shares
1* ?tf i
record
* It' is
•
if
element.■/A'A?'"' A-'»
change its
$10'par value, to
capital
shares of
185,000
v(l)
would
authorized
common
-
,
y-.
'
.
,
awarded
an
;
permanently
$984,471
(less
income
.Fe/deral
^
(par 10 cents)
is
order
roughly
'itnd
rate
Increase Stock-—
28 recommended to stockholders
certificate'of
incorporation' which
the1^
the
.
July
:
models arid merchandising inetho'ds are subject to
change/ depending On public; demand and conditions in the industry,
the - following, factors, .enter
j.nta. this projection:; I'f /■;
"(2)
"
-
Total
of
basis
-
•
,,o
~
————
,
1,624,002
!
$0.79
.
-Holly Sugar Corp.—Plans
A
:
'
date
$1,406,209
$0.62*
were
'•
the 'commencement of
manufacturing operation;
At the expiratioh of thatj-period-: .it is! believed that/
thfe-'corporation will be
producing ) television 'receiyjng pets1 at' the rate' of appfoximately :500 J
per week.
However, since the sale of the stock is on a best efforts
265,443
1,617,747
;
share—
•
stock
received/' and
program
$1,140,766
$1,097,854
outstanding
common
•
;
'
*
i_
:
administrative
Other income
-
DIRECTORS—John B. Milliken, Pres.;
Rl Finegan, Sec.-Troas.; Benjamin
directors.
Balaiiee fbr' Worjcing
702,243
>
;
outstanding. 1—,
Expenses
482,983
$1,097,854
sale of Falmer House
Garage (net)
«.•'
was
Stewart-Milliken,
common
are-
Additional
627,915
672,810
.
v
Earnings
as-
$2,953,907
521,761
—
*
,——
of
D)5prebtatibri"/——/X/>1;--^.——
$35,r
Place, Jersey
John
Kirby
expended in
251,877
647,574
tax.;_
before
AND
Vice-Prfes.;
Retty
.PROGRAM;—The
_
of; manufacturing
securities! offered. "The proceeds will be
property
j Haxes, v insurance, interest;
Deprecation and amortization;——
Provision
r
BUSINESS—Corporation
PURPOSE—There
$2,702,030
258,217
•
a final liquidating
to holders of com<-
payable
a'nd transfer agent
166, p. 1151.
30, 1948.—V.
Months Ended April 30—;
sales
COst
CAPITALIZATION—The authorized capital stock consists-of 1,000,000
$10,377,647
7,675,617
8,018,026
rentals
Hotel
•v
and
1947
$10,699,808
expenses
""
directors,
Lakey. Foundry. & Machine Co.—Earnings-!t t''
^
^
Nejt
//
AND
the^ purpose
/-
shares of
„
Operating
Z
for
Rich",
and
1948
revenue
,
Final Liquidating
—
mqn;)5tockv,Qnr'A8g;/^,T?46;/T?/,:!,!;"*■
v-""
'
-
stock (par 100) at $1
per share.
cessofies.'
bonds,
3 Months Ended March 31-
common
HISTORY
Hilton Hotels Cprp.^—Earnings—
.
Gross
.
At 4 Special meeting,of, the board, of
dividend of $3.69 per share v)as
$168,263
*»•.
Cify/ N; -J,
due 1964, any excess of the series F
bonds to' be
applied to the
satisfaction of the sinking fund requirements therefor.—V.
168, p. 345.
f
Shares
■
Buckley Securities Corp.15,000 :
Sills,. Mint'on .& CO.,'. Inc.— 10,000.
Kresge Department Stores, Inc.
^06,841
$1,002,749
-j.vK
are offered as a speculation.
"Transfer Agent,' Registrar & Traiisf'er
Co., 1'5 Exchange
b onds
son)
4%
■
.
16,000
.
$80,760
>.
securities
hot exceeding $7,000,series E, due. 1973,
mortgage 4% bonds, series F,
mortgage
and
Co.
&
Ames, Emerich & Co., Inc, 15,000
168, p. 346.
*
'
" '
*''*.
A'
ft!/'
International Television Corp.—5tock Offered—Henry
P; Rosenfeld Po., Ndw
Y6rk, drt July 21 offered- 300,000
•
of
;
.
\
Gulf IVJobile & Ohio RR.—Ponds Authorized— / /
\ *The" ICC*' oh *Juiy 2" authorized the ^company'(1) 'to' Issue not ex¬
ceeding. $7,000,000 of collateral trust 3% % bonds, due
1968,*' to /bq,
sold at 100.089992 and accrued
interest," and'the proceeds'applied tb
the purchase of certain
equipment,;1 and (2) to issue and pledge as'
collateral
,
of*
names
—V.
J7.354
,
Ann
,
000
•
,
.
the underwriters in conection with the recent offering
56,000 shareg'df common stockv(par $1) and the number of sharer,!
purchased by each of them, respectively, are* as follows: av a \
iNo.Vjf
C
v
/"a
No. of
Shares'
$55,932
'15,434
.
Machines Corp..—Places
Priyateiy—On July 19'tn^l,Ctirfcidfati6h borrowed
nnA;from tb^ Prudential Insurance Company,
danced by 3% notes,1 due: July, 1, J968. The prdceeds
been added tb working'
capitar.—V. 167, p." 2§|3L
sched-
*
-
$26,311
29,621
-
International Business
on
of
*
."
declared,
3,335
Deficit.—7V■ ^168, :p! 46.
Co.—Split-Up —Change in Par Approved
:
,
be
837,982
/
,
_
••
$123,963
2,300
49,790
.
..
.
■
"$790,020
21,510
5,645
•
*
..
.
346.
p.
.
be
.»
-
agreement, J., & L. will turn over to Kelsey-Hayes
Oct*.-k lr"4948;" that portion of" the plant not
presently being
rest of: the premises will be delivered
by August, *1949.—
7,228,676
i 1,277,945
'ch'irges——
;
works
operations
'
$8,645,608
t',116,382
150^307
210,349
income—•
-■
the
McKeesport
(Pa.)
Corp.;; preparatory, to establishing
The
'*
$9,171,806
552,639
$60,896
353,323
■J" '
168,
to
$1,416,932
./
1,223,530
' 635,752
786,712
^
purchased
Steel.
the-Pittsburgh district. < \
The sale of its McKeesport
of
"
'4ii;
Net
July 30.
: /
/ ,,f4; / : v
The New York Stock Exchange had previously ruled that the
capital
Btock
574,738
1,234,349
plant, which covers about 25 acres,
annouriced July,"?8 hy J. &-L.
The price'wis not disclosed,
The; plant includes 28 buildings, covering more than half the 25
1948—5 MOS.—1947
567,499
Total, income;/'--2-i!- ■:v
Misc.
d.ecluptions^-j—,
The company had
recently announced that it would issue V/a additional shares of capital stock,
par $10, for each share of capital
stock,
jno par value,? held as of
r
July 30, 1948. ; Scrip certificates will be issvied
in, lieu of fractional shares.
The certificate of amendment was
{
507,200
127,305
'■/ 2,297,353'
was
...
$56,501.
1,864,297
Kent-Moore Organization, Inc.—Underwriters, Etc.*^
$1,055,424
oper, incoihe..
•income^—ill—?
2,503,271
; 273,386
'
Kelsey-Hayes Wheel Co.—Buys Plant—
This
:
990,000
660,00Q sbS.
110,'374
Net* ry.
338,'683
2,818,089
1,299,262
$453,148
1
;
used.
$378,999
$3,09ff,OOO
(
filed
Net
...v
rents'1/—_ ..'
81,853
"
l,30p,600
;
t:
1945
35,039
Net ry. opef: income___
—V. 168, p". 46.
before
11*2,368
.
141,540
-c
1945"?
$339,695
161,339
107,279
railway^
from? railway^
acres.
r $379,218
•
•
.
:v"
/
$379,169
234,490
from
George
Equip. and joint facility
The stockholders on
July 28 approved a proposal to split-up the
capital stock on* a 2V4*for>l-basisrand to change lh«
par?vaiue:of/such
stock" from no pur valueHo par
.value. '*- "
^
to be
990,000
1,332,097.
.
;
JJnder .the
990,000
$1,711,096
1,511,117.
Ry; * tax
1946.?;
"
$1,890,335
-
Uled
Gross
;
V
:
$490,756
ry. "oper.- Income—
The
Ry.'oper;.'revenues^-—_
Ry.
oper.expeiis'es
^
•
,
'Ffbm,:"«ian/"i<^:';v
?
$5,760,000
970,000
"•**
^
3,498,383
*Peficit.—V. 168, p. 46.
Grand Union
Gross'from - railway..^-'
Net from railway.^.:
Net
,,
Indiana Harbor Relt
RR.—Earningsperiod End. May 31—?; - 1948—Month—1947
■'! $0.91
W
■■■-mm-
"k
fj,
'
Net from railway—'
S? JNet. ry. oper. income—;
t.
,
FINANCING
v
$6,000,000
vv'':'!
Kansas Oklahoma & Gulf
Ry.—Earnings—
June-— :
1947 v.:
"'1946
V.,*
1948 r
Outstanding
A
•
1970^—
"
See, Kelsey-Hayes Wheel. Co., below.-r-V.
168, p. 152.
.
'216.811
$1.49
.;
$3,815,000
r 795,546
'0 Gross "irom railway—24,516,000
/ '
1,049
$197,129
216,811
$1.52
-
from
from-
-t
-216,811
:
,.
Net
&
;643
$322,507
?
0
••••/-•
.Ifones & Laushlin Steel Corp.—Sale of Plant—
.
PRESENT
Authorized
Fifst. Mortgage -Bonds— 3 Vb %1- series dub
Sept. T,
"Jan.1-1, 1972£——~
3 % series due Nov, 1, 1972——
Common' stock '($10 par)^—»
—V;" 168, pv' 1*52,'4 ■''"- *'*
-?*
$198,178
1286.~
p.
one
'
..
N^t
for each
no
3 ^series5-due'
.122,529
Trujik -Western RR.—Earnings-
Grand
-
6,455
share—..—
1587. jAv-'
per
167, p.
...
./•?-:--T7,749--
$323,150
$329,013
,
common
$338,456
:
■
199,415
$335;469/
—
profits of; foreign
1__
on
subsidiaries
"Net
/-18,010
225,852
owner of the - (Squibb) building at 745 Fifth Ave.,
York, N. Y„ oil "Jply 27 declared a dividend of 20 cents per
share, payable Aug. 17 to stockholders of record
Aug. 5, 1948.—V. 163,
'
net proceeds I estimated $705,860) wilj be applied
toward* the cost"of the cbmpany's revised' constriction
program esti¬
mated : to call "for * expenditures' of
$2",622,'750".
• + »-
29,594;:
on
'earnings--^—.i-A--;.-,
Exchange Joss
No.
$540,575
19,508
PVr
taxes
Jones Estate Corp.—Declares
2(h-Cent Dividend—
Tbis corporation,
New
held of
made
j
income
j
record on the respective
representation ak to
the
j.
pqriod during which it will-continue to declare dividends
payable in the
company's common stock. It has advised the
company that "thfe shares "
of the company's adidtional common
stock,. which' it wijl1 acquire" pur¬
suant to the. aforementioned
•
llet profit
Depreciation
Pfov. for Fed.
'
is
^PURPOSE—The
'
$308,862
37,677
,
,
are
Co.
a
InCi
Shareholders
accordingly - will be given subscription warrants
representing subscription rights- equal - to
nine; times the number' of
:shir€s registered' in their names on
that datel
' "* 1
'
v'
1 <.
benefit
age
insurance
*
be
1947
$1,918,517
.
Co.
as
program' of distributing its holdings in the
the company to its common
shareholders, in lieu of
in?
13
(449)
?■
of Service
part
.
to
.."!
ex-
Senses;
Social
-the
on
CHRONICLE
may* hereafter1'determine.' r
;
'"
'
Nine'-"rights"'will attach 'to each share of common stock outstand¬
ing at the close of business on July 2, except 'for
"266,390 shares "of '
such stock owned
by Public Service Co. of Indiana, Jnc, Five such
rights represent the«pre-emptive" Subscriptioh right of each- share¬
holder "and the"other lour r'iglits
represent the additional subscription
priVilegfel made available to shareholders of
-the-company other than 3
Public Service Co. of
Indiana, Inc., by virtue of the agreement dated A
May 28, '1943, between the company and Public Service CO. of
Indiana,
of
issuance
.)-!
:_/-—
commitment'
firm
a
FINANCIAL
agreement, inay be - distributed -uhder lthb
aforesaid %pfeaeri 6: dividend fprogfam or may bd otherwise
disposed .of
"$100);,
•"6 Months Ended
1
>-
"(A. C.) Gilbert Co;—Ta Issue Preferred Stock—
Gross
stock
dividend
1,355,281
Mutual Life
Ipsui'ance.Cd.V'Philadelphia, at par.
The outstanding 12,381
shares
(no
par)
$3.50 preference
has'been called tor retirement on Oct."!.—-V. 168, p. 25J-V
'
cash
3,418,176
2,838,541
516,195
sold to Penn
.
common
share
3,111,032v
*
The stockholders will~ Mote Aug. 3 On authorizing the
6,500" shares of * 5 'M ' cumulative prefefredv'stbck
(par
'■■i
presently engaged
71,731
...
&
to purchase such of the shares of
the additional common stock
not purchased by other shareholders
of the company.
Service
"
1943
•-
'
3,703,392
■■im,,-:'
168, p. 4a.
1946
agreement constitutes
$421,031
.17,917-
...
*
from
railway—
Net from railway/.?
Net ry. open Income™"
—v.
$472,247
.
146,762
41,355
incom$A_
Att
1947-
from, railway—$601,414
Not
COMMERCIAL
income"
167, p. 2468.
$508,008
$539,367
"
it
Arkansas Ry.- -Earnings—
:
1947
-'
1948
Louisiana &
June-
•
$1,750,185
from
Nfet
ry.
786,329
428,368
income—
339,365
149,800
railway
oper.
Prom Jan. 1—
$ioss from railway™—
,
The ICC
$1,878,579
902,120
174,138
' 252,868
>6,406,237
10,894,506
921,220
2,006,326
4,900,647
924,723
1,390,002
obligation
guarantor, in respect of not exceeding $1,760,000
equipment trust certificates to be issued by the New
Co., as trustee, and sold at 100.15 and accrued dividends,
that
to
Electric Co. (Ky.)—Weekly Output—
Electric output of this company for the week ended July 24, 1948,
totaled 45,927,000 kwh., as compared with 32,748,000 kwh. for the cor¬
responding week last year, an increase of 40.2%.—V. 168, p. 347.
Co.—Wage Agreement
Lukens Steel
Reached—
An
agreement between this company and Locals 1195 and 2265,
Steelworkers of America (CIO) was reached July 24, whereby
Employees of the company will receive wage increases on a sliding
scale from 9'/2
to 22 cents an hour, Robert W. Wolcott, President,
July 26.
on
Revenue
making in excess of this amount will be considered
on an
individual basis. All pay increases are retroactive to July 18,
1948.—V. 167, p. 2688.
employees
,
load
Mail,
Mail,
express
•After
p.
provision for adjustment
2790.'
26 Weeks Ended—
Period—
Feb. 1,'47
$
$
172,406,834 152,537,498
Jan. 31,'48
retail
leased
departments)
of
Cost
sell.,
publicity,
repairs
&
rent inc.
less
exp.
retail
from
—52 Weeks Ended
Jan. 31,'48 Feb. 1,*47
S
$
411,194
79,653
381,390
Other income ___Ds-v--
15,305,139,
861,860
13,981,564
6,027,900
10,464,372
of
Cost
10,346,262
45,048
16,166,999
14,392,758
6,107,553
189,514
income
Total
Net
Total
2,955,000
8,350,000
income
$6,716,952
$5,175,292 $13,724,115
per share™—
$3.62
$2.79
$7.39
•Excluding depreciation and depletion.-
$9,044,421
$4.87
Net
—™
current
on
were
$62,372,126,
income,
Net
from
3,427,505
8,112,756
9,182,472
Net
ry.
1,719,354
1,719,354
—V.
CONSOLIDATED
£,
v
FOR
Income
before Federal taxes on income
Federal
taxes
on
PERIODS
QUARTERLY
1,'47
39,060
$96,839,000 $90,189
4,956,000
2,245,000
2,104,000
989,000
i
1
income
176,000
on
$2,676,000
$1,080,000
—
stock.
Earnings applicable to common
Earnings per common share
CONSOLIDATED
SHEET,
BALANCE
31,
JAN.
charges (unamortized debt expense), $449,830;
leases/ copyrights, trade' marks, goodwill, etc. (less accumulated amor¬
tization of $362,118), $2,329,192; total, $129,324,053.
deferred
.LIABILITIES—Accounts
payable,. $12,813,029.;
salaries; and commis¬
vacations), $5,980',778; amounts to be deposited m
retirement system trust funds, $1,147,108; Federal taxes on income
(Jess tax notes of $494,677), $8,906,584; taxes Collected from cus¬
tomers and employees, $1,181,417; other taxes, $1,476,812; customers'
(including
deposits and miscellaneous. $2,652,686; dividend payable Feb. 2, 1948,
(jji cumulative preferred stock, $175,950; 25-year 27/8% sinking fund
142,761; cumulative
tebenlures, due Nov. preferred $20,000,000; par), $16,560,000; common
1, 1972, stock ($100 reserve for self-insurance,
(issued,
;$tock
1,723,293 no
par
sharesl,
$25,849,395; common stock in
$10,373,324; earned
total, $129,324,053.—
Streasury
(3,939 shares), DrS59,085; capital surplus,
surplus
(restricted
$12,082,090),
$V 167, p.-1695.
;
$22,114,492;
281,714
133,165
303,162
42,033
133,423
Net
ry.
income—
1—
}
railway
14,946,627
Jan.
from
$2,542,046
392,386
460,202
oper.
From
Net
ry.
•
165,054
295,636
I
•Deficit.—V.
167,
p.
1,823,376
239,870
*712,686
ug.
proceeds of this issue are to be used for general corporate pur¬
including working, capital and. capital expenditures.
ijjThe debentures' are considered'.eligible for investment by Canadian
one' insurance
companies.—V.\:l63, jr. 907.
the
pany
will
notes
and
York
as
transfer agent
co-registrar for
2580.
p.
Mexican Light & Power Co.,
-
Ltd. (& Subs.)—Earnings
1947
$1,853,813
1,646,700
$1,739,828
1,403,391
.
Net
operating
$207,113
•Accrual
of
charges
those
income.
$336,437
annual
on
payment
available
interest
bonds
of
income
and
sinking
fund
:
debenture stock, incl.
which is dependent upon
and
t
use
the
3
earnings
185,000
__™:-.™™„,
$22,113
______
188,000
.
'$148,437
-NOTES—(11 The above figures have been approximated as cjqsely
tts
possible
but
are
subject -to•
final
adjustment
when
the
tirinual
Jan. 1 to
July 12,'47
July 17,'48
July 12/47
$15,540,126 $143,947,103 $107,978,037
stores
operation
In
from
decreased
675
in
1947 to.
23, this Association
ended July
reports electric output
reported
is
'D/','•!>•'
•
ft. This is a decreases.
119,485,000 cu.. ft*,
348.
'■ J-'
at 114,261,000 cu.
England Mutual Life Insurance
Co.—Licensed in
is now licensed to write business in Arizona andi
according to an announcement by George L. Hunt, ViceThe company has no immediate plans for opening general
agencies in these States.—V. 167, p. 944.
,—it
to borrow $640,000 from First National Bank,
3% serial notes due from 1948 to 1956.
Com¬
of the funds in redeeming $240,000 2%
serial
balance for construction of additional facilities.
company
New Orleans &
on
Missouri Pacific RR.
Net
ry. oper,
Net
Net
—V.
the
&
Becker
G.
Michigan
of
5,072,046
2,003,690
869,609
1,246,77.7
48.
Net
1948
$245,754
91,928
Net
ry.
Inc.;
Freeman
railway
railway
from
from
Net
ry.
1947
$186,543
48,304
1946
$165,082
22.632
1945
$216,975
109,615
72,311
65,027
61,994
184,854
1,049,504
1,396,212
529,992
1,142,586
291,970
255,243
639,159
315,552
243,386
507,830
932,682
1—
railway
railway
from
Net
6.471,019
2,990,580
649,953
1,506,652
income
oper.
From Jan.
Gross
1
266,525^
Connecting RR.—Earnings—
New York
from
4,058,095
1,043,830
.
June—
offering
Co.,
Corp.;
6,145,876
2,757,803
income
oper.
168, p.
Gross
group include R. W. Pressprich &
Hornblower & Weeks; Otis & Co.;
& Co.; Julien Collins & Co.; Mullaney, Wells & Co.. and McMaster Hutchinson & Co.
The issue was awarded on a bid of 99.126.
Other bids received at
the
sale
were:
Salomon
Bros.
& Hutzler, 99.107 for 23/eS.
Harris,
Hall & Co.. (Inc.), 99.317 for 2>/2s.
Proceeds of the issue will be used to finance not exceeding 75%
of
the actual cost, estimated to be $6,279,730 of the following new stand¬
ard-gauge railroad equipment: 14 Diesel freight locomotives and four
A.
First
of
members
Other
Co.;
ry.
railway™
from
'436,901
91,475
5,867:.;:.
1—
railway
from
Gross
1945
$1,002,363
1946
$623,438
109,274
140,693
income
From Jan.
headed by Halsey, Stuart & Co. Inc. on July 28
$4,700,000 equpiment trust, series KK,
2%% serial equipment trust certificates, maturing $470,000 annually Aug, 1, 1949 to 1958, inclusive.
The certifi¬
cates, issued under the Philadelphia plan, were immedi¬
ately reoffered by the group, subject to ICC authoriza¬
tion, at prices to yield from 1.55% to 2.70%, according
to maturity.
awarded
was
$809,632
313,574
238,594
railway
from
group
1947
1948
$1,052,975
498,078
railway
from
Gross
Equipment Trusts Offered—A
—
Northeastern RR —Earnings—
June—
part
income
oper.
168, p. 48.
—V.
,
and
will be
certificates
dividends
and not individually.—V,
property,
Montour
June—
Gross
locomotives.
unconditionally guaranteed as to par value
by endorsement by Guy A. Thompson as trustee of the
switching
road
:
from
Net
from
Net
ry.-
railway
railway
income
From Jan. 1— -
$255,700
74,774
63,333
oper, income___
168, p. 48.
'
.
$256,245
75,729
127,287
46,170
1,074,366
93,825
136,181
1,618,972
495,783
401,025
railway
from
of
half
six
Albert
...
86,795
399,694
1,425,210
454,095
340,666
V.
has
Moore,
President;, on July
22 announced/that'this• com- :
offered
two
big,
York
Mutual Life Insurance Co. of New
Canada Dry's New
This
company
has
—
Purchases
Minneapolis Bottling Plant— "
purchased the new Minneapolis
(Minn.) bottling
plant of Canada Dry Ginger Ale, Inc.. for $625,000, it was announced
cn
July 22 by William J. Williams, Secretary of Canada Dry, and
Henry Verdeiin, Vice-President and Manager of Real Estate for the-'
insurance company.
The property has been leased back to the bever¬
age firm for 20 years, with tenant having the right to renew for five .
successive terms of 10 years each,
located
central
square
on
a
4%
business
■feet—V.
acre
parcel
district.
167, p.
r
,
.
'
,
"
oart-mezzanine. bri^k and steel; building
about 3 miles southeast of the
building has a total area of 68,796
of land
The
2362.
of
expansion and service
improve¬
These installations
exchanges in the same
City Of New York on July 1
compare with 94,000 telephones and
period a year ago.
had some 2,625,000 telephones served
220 central offices, an increase of about 666,000 telephones and
exchanges since the end of the war. The previous gain of 666,000*
20 years."
"Our program of expansion and improvement involves expenditures
this year of about $170,000,000 of which $125,000,000 is being spent
in
New York City," Carl
Whitmore, President,., said. •. "New switch¬
board installations and additions to central offices already in service
have
been made or are
underway in every one of our exchangebuildings.
:
v 'r
, - ,
"We must maintain this pace to keep up with the continuing demand
telephones took
"
*
telephone
for
$20,*?:
to invest $20,000,000 as its share of the cost of
fast passenger ships to be operated between New ,.
York and the East Coast of South America.
The offer was submitted
to
the Martime Commission.
The total cost of the two ships, it is estimated, would be between
$50,000,000 and $60,000,000.—V. 167. p. 2791.
„ ■
pany
program
1946.
new
The
Staten
In
building
record
its
Continuing
56
1,401,805
370,679
railway
York Telephone Co.—Expansion Continues-r
■New
ment, this company on July 23 announced that some 165,000 telephones
were added and
18 central offices installed in the city during the first
by
1945
$309,962
1946
•
► -
rv.;
—V.
■
1947 ;
1948
$286,865
100,305.
j 90,674
oper.
from
168, p.-347*
RR.—Earnings—
w
.
The plant is a une-story and
•Net
348.
Chicago—Current Sales Higher—
\ '•
output
service in
Island,
a
the metropolitan area," he added.
two-story telephone center, costing about
new
is being erected. This is one of the largest projects in »
construction program in
which 48 new telephone buildings and 241
additions to others have been completed or are underway in the state
since V-J Day.
About 30 of the new structures are unattended dial
exchanges for small upstate communities/:'
The Staten Island building will be completed next summer.—V. 168.
$1 500,000
349.
p.
:
Northern Indiana
Joseph
1948
Gross earnings from operation
Operating expenses incl.depreciation___„____
p.
1948.—V. 168, p. 348.
J
ago.
The
(Expressed in Canadian currency)
-
Month of January—
.
New
167,
168,
merging
toward
negotiations
President.
000,000 in Two Passenger Ships—
of New York has been
of, and the Guaranty Trust Co. of
the capital stock, $1 par value.—V.
of
17,
Net
Net
McClanahan Oil Co.—Transfer Agent, Etc.—
,itThe Chase National Bank of the City
If
successful.—V.
are
Arizona and Arkansas—
47.
Moore-McCormack Lines, Inc.—Offers to Invest
appointed
stockholder
of
airlines
England Gas & Electric Association—Output—
New
951,414
authority
for
SEC
Birmingham, Ala.,
Net
Dolan, Chairman .of the board of directors, died on
Jtlly 24 after a brief illness. He was 46 years old.—V. 168, p. 47.
W.
Re¬
Arkansas,
Gross
Mathieson Chemical Corp.—Death of Chairman—
which is time.
kwh. This is an increase of 1,365,782 kwh., or 9.50%
production of 14,377,675 kwh. for the; corresponding! week; *
v*Gas
1,810,795
529,566
of
Of ;i5,224,000 cu. ft., or 4.37$ below production of
for the .corresponding week a year ago.—V. 168, p.
11,818,331
301,303
income
oper.
least
15,743,457
year
428,704
,
12,191,839
14,311,337'
the
not
W. McKinney, of Toledo, Vice-President and General Man¬
Sales, has been elected to the newly created position atf
Vice-President.—V. 167, p. 2792.
the week
above
1945
$2,669,759
it762,537
874,140
railway™—
from
Net
necessary,
role
Delta
number
New
Earnings
i?. 1946
$2,473,313
500,174
1947
$2,932,433
504,613
railway
"We are still
$20,050,579
For
1948
from
_
tterest 1963.
1, $7,500,000 4%% sinking fund debentures, due
George
158,140
railway——
from
Net
are
the
at July
674
of
Diesel
-•
■
j Massey-Harris Co., Ltd. — Debentures Offered—Cochi-axi, Murray & Co., Ltd., Toronto, are offering at 100 and
The
income—
Minneapolis St. Paul & Sault Ste Marie RR.
Gross
of
The
railwayi_™_i
oper.
The
poses
848,733
'
various properties,
of
the point of
-
things
Sales
The
$24,344,767; estimated refund of Federal taxes on income, based on
carry-backs,
$600,000;
supplies and prepaid expenses, $2,342,615;
miscellaneous, $2,130,155; reduction in Federal taxes on income as a
result of the re-adoption of the Lifo
method (consisting of over¬
payment of $6,916,000 to be claimed lor the six years ended January,
}947, and reduction, of $531,000 for the year. ended January, 1948'),
$7,447,000; other assets, at cost, $1,918,681; land, buildings, leaseholds,
fixtures and equipment (less accumulated depreciation, $21,386,387),
sions
15,661
764,435
disposition
and
not reached
have
July 17,'48
Mississippi Gas Co., Meridian, Miss.—To Issue Notes—
company, subsidiary of Southern Natural
Gas. Co., has asked
1948
ASSETS—Cash, $3,308,743; U. S. Government obligations, at cost
or redemption
amount, $13,739,640; due from customers (less reserve
Of $1,546,700.1,
$29,803,040; merchandise inventories, stated on the
basis of Lifo ithis is $12,117,832 less than the basis formerly used),
1135,910,390;
8,121
938,867
however,
state.
«—Four Weeks Ended—
„•
railway
added,
Both
reports
that
ager
$0.63
$2,852,000
—
preferred stock
$1,256,000
176,000
$1.56
income
Net
9,557
1,010,831
290,189
107,324
income
1—
Jan.
published
National Supply Co.—Official Promoted—
168, p. 47.
Gross
Dividends
30,143
under consideration and
"exploratory"
certainly appears to hold
merger
Arthur
$141,895
42,144
17,340
June—
Feb.
Jan. 31,'48
1 ?
JL
sales
retail
ACCOUNT
INCOME
13 Weeks Ended—
Net
$4.93
$4.31
$1.79;..
$3.39
share.
29,419
was
taken.
being
the
established
1945
1946
$133,803
31,732
railway
from
be
recent
National Tea Co.,
1947
$148,593
1948
that merger
in
still
installations.
and
to
-Earnings—■
$151,117
1
railway.
oper.
ry.
From
Gross
'
'
from
1,719,354
com.
per
would
and
were
Midland Valley RR.
$1.88
labor,
materials,
including
2032.
T. Baker, of National, and C. E. Woolman,
about the rumor nearly a month ago.
steps * were
was
negotiations
Executive
June—
Gross
p.
questions
that
agement
2689.
p.
sold
167,
announcement of the merger will be forthcoming in 30
days—one even had it 10 days—are far too optimistic."
Mr.
Baker refuted reports that he would retire from active man¬
30, 1948, were $70,498,459 and
including the provision for 1948 Federal and State
$22,487,211. On Dec. 31, 1947, current assets
and current liabilities were
$20,115,114.—V. 167,
liabilities,
taxes
products
admitted
noted
was
ports
June
of
of
expenses.—V.
this
readily
National
Earnings
as
cost
preliminary
"Many
assets
$4.35
answered
transaction.
5,437,500
taxes™
200,000
considering these
in a preliminary stage.
promise for everyone involved.
It should result
in a sounder operation,
economically and from a
standpoint of public service.
It is not a new thought to the industry.
The fact that a merger has never been completed, despite the obvious
advantages,
should indicate the difficulty of working out
such a
Federal &
for
income
$75,245
200,000
par)
300,000
Airlines, Inc.—Merger in Preliminary Stage
the matter
"A
■.*••'•■■■
■
1,076,872
3,675,000
Provision
(no
details," Mr. Baker said;
2,453,296
3,468,618
•<
1,002,438
Net
Earns,
:'-v
issued
share
of
then
facilities
142,109
141,673
490,487
6,178,748
„—
shares
4,503,848
1,235,081
1,758,583
$369,323
200,000
$3.35
have reached the point
of outlining the organizational plans of the merged company and such,
details as which individuals would occupy key positions, where head¬
30,734,200
687,063
outstdg—1,719,354
income
Net
pom.
was
It
,
$9,855,860 $26,545,171 $18,012,089
$12,837,598
surrendered
abandoned
and
2,635,000
4,478,000
'
5,018,444
82,652
$669,323
300,000
;
outstripped
Delta,
that
$26,403,498 $17,869,980
$9,773,208
34,053
(net)
$869,392
300,000
$375,245
:__
paid
Presidents of both lines, G.
that
,,
432,000
corporation late last month declared that pub¬
the proposed merging of National and Delta airlines
actual negotiations.
A the first comment from either company on the reports since
far
It
167,
41,811,020
2,444,453
579,000
reports of
have
1948—6 Mos.—1947
16,706,223
-^-J™
277,000
33,801
(est.)
taxes
surplus-
deducting
quarters
income
496,527
Federal taxes on income
{Revised.* -V.
lished
Subs.)—Earnings
(&
2,641,284
and depletion™
Deprec.
6,488,000
.
Corp.
sales $12,803,545
from
profit
271,002
_
38,453
21,890,085
inc.T credits
Other
6,009,000
expense
118,974
26,005
$652,245
$569,332
inc.
dividends
National
" '
$37,334,914 $28,923,884 $73,232,962 $53,108,028
sales
Net from
Interest
,•44,085
/
and allowances
*
304,952,090 278,692,242
140,748,405 278,562,499 252,167,210
1,693,862
3,711,429 I 3,754,276
1,060,984
1,013,779
2,048,354
2,091,116
2.099.298
1,743,243
4,006,276
2,831,100
"1,417,937
1,310,308
2,641,967
2,543,402
oper.
$439,582
j
$1,135,125
-64,608
per
Officials
Selling and general and
State
occu¬
—-
$483,591
1948—3 Mos.—1947
Gross sales, less returns
NOTE—Current
taxes
Depreciation
Niaintenance
Inc.
i
admin, exps. 155,316,364
;
2,047,378
&
pancy
34,692
of Income tax
Mid-Contment Petroleum
Period End. June 30—
buying,
sales,
General
Rent
(incl.-
sales
'
36,557
to
$626;240.
7,084:
2,558
$1,512,999
shares
"Our
Subs.)—Semi-Ann. Report
Macy's Bank)
(Exclusive of
112
69,667
$661,564
.
income.
39,803
43,080
.
$1,128,041
$1,510,441
-
1946 '•
$1,281,291
615,248
6,831,278
'
of
Leaseholds
'<
76.14%
111
other
manufacturing
Both
Co.—Acquisition-
Cole, Executive Vice-President, all outstand¬
stock of the Elizabeth C. Quinlan Co. has been purchased
by Henry C. Lytton & Co., and Lytton's Merchandising Co. The Quin¬
lan Realty Co. owns the land and building occupied by the YoungQuinlan Co. in Minneapolis.—V. 166, p. 2420.
t
64.76%
and
-
administrative expense
capital
1"
11,481,236
7,434,797
211
and freight tons
and freight ton miles
express
Operating revenues..
;™_™_;...™;
Net profit after prov. for inc. tax
According to W.llard C.
(R. H.) Macy & Co., Inc. (&
9,528,497
._
flown__
factor
and
stock
•After
22,362
8,972,431
63.19%
miles
passenger
Passenger
24,076
31,675
15,079,374
Li
—
63,317
.
profit
Earnings
99.86%
99.85%
99.69%
.
passengers
888,603
exp.™
charges
Capital
1946
1947
profit -
earned
Balance
-Earnings—
1948
general
income
Common
252.
p.
efficiency„„_w™™.
carried
Capacity passenger miles flown
,
equivalent increase is being granted salaried employees whose
individual current earnings do not exceed $7,500 a year. Increases for
Net
168,
and
for Federal
Net
two-for-one
Operating
An
Lytton's—Henry C. Lytton &
Other
Prov.
shares, $5 par value, to 1,000,000 shares, $2.50 par,
split-up.
There are 237,920 shares (par $5)
300,000
a
Revenue
Operating
Interest
authorized an increase in the common
26
Mid-Contment Airlines, Inc.
United
announced
.
Total
Month of May—
Louisville Gas &
ing
from
effect
July
on
admin,
1947
$1,747,192
576.071
.
PrpYv.for depr, of .plant & equip.™
167, p. 2790.
stockholders
stock
;'
salaried
purpose.—V.
outstanding.—V.
certain equipment.—V. 168,
the procurement of
Selling,
1948
$2,262,361
,
P
}p
(F. E.) Myers & Bro. Co.—Earnings—
6 Months Ended April 30—
•Gross profit
January
McLouth Steel .Corp.—Stock Increased—
as
connection with
p.,347.
of
granted the employees under the new collective contract, effective
May 1, 1948. The increased expenses under the new collective contract
will have to be compensated through a spec.al increase in rates lor
The
authorized the company to assume
13
have been made at
:■'/ I:-';.CoX;:
conversions
Exchange
up.
1948 are materially affected by a
monthly provision towards the heavy and immediate increase in the
accruing liability for employees'
pensions and separation payments
which has resulted from the 25%
increase in wages that had to be
Authorized—
2%%
C,
York Trust
frf
July
on
liability,
Series
made
are
rates. :
The expenses
(2)
Monday, August 2, 1948
FINANCIAL CHRONICLE
&
average
1945
1,161,392
2
Equipment Trust Certificates
&hd
accounts
- vv
345,630
'
7,684,387
9,754,840
4,175,270
1,689,286
Set ry. oper. income—
et from railway—
;
1946
$1,058,952
$1,217,687
railway™™™
from
Gross
14et
COMMERCIAL
THE
(450)
has
been
July
Transit, Inc.—New Director—
of Kniesir,& Co., Inc., private bankers,
Ryan, President
elected a director,
B.
R. R.
'/v
27.
Smith,
President, announced on
also is a director of Grayson-Robinson Stores, Inc.; Gen¬
eral
Signal Co.; Merchants and Manufacturers Fire Insurance Co.,
and C. W. H. Carter, Inc.
He is a former Vice-President of the ChaBtt
National Bank of the City of New York.—V. 163, p. 1288.
V ;..
Mr.
Ryan
.
Northern States Power
/Electric
Co. (Del.)—Weekly Output—
this company for the week ended July 24, 1948,
kwh., as compared with 51,347,000 kwh. for the cor¬
output of
totaled 58,190,000
responding week last year,
^
'
an
increase of 13.3%.—V. 168. p.
(Continued on page 51)
349.
■
t
15
(451)
Stock Record
New York Stock
«»
DAILY RANGE OF
Exchange
WEEKLY VOLUME OF TRADING:
rURir RANGE OF SUE PRICES
FOR EVERT LISTED ISSUE
'
V
Ranee for Previous
$ per
:■{ 66% May
80
v
Jan
18%
11 i
ll
Feb
42
Apr
■'
6
May
v
25%
100
:
!
Dec
Not
'
16% Deo
IS
Deo *
31%
1% May *
27 Mi
Jan
/5%
X 44
Dec
Feb
>
Feb
37
Nov'
76%
Feb: 10
70% Jan
48% Feb
t
104
10% Dec
i
18
202
May
May
29 Mi May
i;
80
Mar
90
X171
Mar
22% Feb
28
Mar
25
Feb
81
105% July
42% Oct
98%
Oct
86
Jan
25% Mar
8 Mi
i
Feb
Feb
i' 8
•
Apr
73
Mar
.107
Deo
83% Feb
Deo
42
10%
60%
11%
Dec
0
107%
,
Mar 11
52% Jun
13
10
68
Mar 22
Jan
Jan
Feb
9% Mar 17
x35% Mar 19
43% May 15
9
68% Feb
28
76% Feb
6
Sep
84% Feb
167% Feb
21
28 %
110
56
Aug
Sep
26 Mi
Feb
177
Feb
24
16 Ma
May
27
28
43
Dec
24
Feb
16
Feb
102
Mar
88
Jan
25% May
46
3% May
12
Jun
22% Jun
94
10
94% Feb
11
41 %
107% Jun
Feb
26
2
17% July
14 Va Mar 16
18
18
Dec
82
Deo
115% Jari
Dec
25 %
Feb
37
42%
July
5% May
49
37% Jan
14% Jun
24
77% Jan
12
20
46
Jan
Jan
13
88
Apr
11
13% Jan
92
30%
Feb
19
18% Mar 17
Jan
Jan
86
6%
Jan
13
95% Feb 27
3
9
7*
18)^ Jun
* 80
:
Dec
15%
1
x25%
May
127
pec
6%:Dee
88% May
7
;
14%
170
34
11
Feb
72% Feb
21
17
>
Feb
186
Feb
.12%
Jun -
Feb
Apr
68
May 27
July
Mar
31
Jan
\
139,
131
Feb
.47%
20
Dec
18
18
163% July
41% May
Oct
7'/a Deo
120% Aug
8% Deo
82%
-:
May
Jun
103%
30% May
86% Dee
35
42
r
Jan 21'
15
14
Feb
95
Feb
Jan
6
Feb
Mar
5
144
- Mar
71% July
120
Jun
9
9
10
8% Apr 22
56% July 28
104
Jun
2,200
98
8% Jun
24
67/ May 19
5
8
-
Fab
Oct
8
Mar 17
4% Mar
rr 28% Feb
page 26.
4
11
3
14
7*
preferred
American Sumatra
107
38%
37%
38%
*17%
.17%
20%
91
38
103%
36
36 Va
36%
100%
36
*6%
0%
*6%
17%
*16%
17%
16%
16%
6%
3%
72%
72
72
72
11%
11%
11%
11%
64%
6%
3%
3%
*62
39
65
38%
6Va
24%
38%
6
47
24
24%
3%
3 %
71%
700
11%
2,800
65
38%
3 Va
10%
63
63 %
400
38%
6
*38 Va
6
49
23%
24%
7
7
7
*85
95
*92%
93%
♦80
13%
*13%
14
*13%
14
*13%
14 ;
*18
107
Monday
July 26
$ per share
STOCK
16%
92%
7%
31%
.
1
•134
16%
•88
7%
31%
31%
137
♦7%
♦134
8Va
32%
9%
9%
*7%
*32
'
'
89
89
89
79 %
79 Va
15%
,14%
14%
170
10%
27
10%
60
27
; 42
41%
*
61%:,
,
147%
147%
34%
146%
34%
30%
*34
*132
20
*19
39
131
5,600
♦102%
108
100
17
16%
♦88
8%
*8
32
32
32
♦134
137
z *7% *
32%
8%
■'
♦7%
32%
32
'
92
9%
♦88%
79%
90
79%
15
10 Va-
9%
89
79%
14%
15 Va
*168
9%
170
89
8%
31%
79%
9 Va
79%
170
/ 800
79%
14 Va
1,000
15%
*168
-
7,500
89
79 Va
<"
15 Va
14%
*168
700
9%*
88
•
2,400
137
*7%
31%
'
9%
130
-700
31 Va
♦134/
'
8%
2,900
•
8%
31%
32
Shares
16 %:
15%
92 /
8%
28,700
170
■/'.•• 20
8%
10
26%
27
26%
26%
25
42
26'/a
43%
61%
43%
43%
44%
42
43
62 %
COVi
62
59
60%
147/147%
34%
34%
6,200
147%
148
149 Va
320
61 %
147%
34%
135
*132
38%
*127
8%
135
30%
•24%
24%
8%
.
148;
*34
34%
'*'•
9Va'
280
25
300
29%
24%n
24»/4
5,100
i
19
38 Va',"
!
131
2,800
135
29
15,700
34
*132
30
29%
*24%
34
135
*132
30%
t
9
19
*18%
19%
18 Va
18%
38%
38%
*38
38%
♦37%
38 Va
♦127
131
*129%
131
*129%
<<;
153%
153%
153%
28
59%
60 Va
6%
preferred
:
100
American Viscose Corp common—14
5%
preferred
100
59 %
59%
59%
138%
138%
138%
139 %
68%
66%
68 %
119%
66%
66%
64 Va
66%
Tobacco
common
Am Water Works Co Inc
American
Woolen common..No
1%
preferred
Zinc
Lead
Smelt
com
$5 prior conv preferred
Anaconda Copper Mining
■
67
67
A
P
Copper
Carp
Mining
W Product* Oa
Zoo
Archar-Danlela-MMland
16
M
7%
56%
55%
56%
3,100
54%
55%
53 Va
♦1C0%
54%
101%
*100%
101 %
16,600
100%
100%
108%
108 Va
7%
7%
♦100%
101%
♦106
112
-
7%
7%
•61 Va
62
*61%
No par
29%
♦100
29%
*10
;
30%
11%
112
112'/a
7%
62
8
61%
;
*54%
29%
101
'■
29%
.
;
30%
11%
*5%
30
5%
30,
■
.
"/
.,
7%
100
400
8Vs
4,600
f:
63%
36%
38%
37%
36 Va
36%
16,900
39%
38
38%
1,080
28%
,,
11%
.
5%
30
*60
•
63
>
100
'
*27%
28%
100 Z 100 > ■
/; 101
♦54%
55
/J 30%
5%
101 %
110
?•
*60%
39
*10
29%
8%
38%
,
30
/
*100%
*106
111
8
/ 101%
*54%
*108
140
61%
28%
♦100
%{
56
*10%
'
5%;/
30
•
*100
'
55%
5% '
30 /
,
*28%
101
;*54%r
6
2,300
7%
38 %
Andes
/ 500
7%
37%
20
13,100
7%
37%
14
61
138
7%
38
No par
60 Va
137%
7%
36%
Co_21%
61
139
138
7%
37%
dk
"60%
7%
7%
"54%
36%
Oil
17,500
119%
38%
Clayton
153%
*119%
36%
preferred
153%
119%
37 %
14
600
154 Va
119%
♦28%
Andersou-Prlahard
•18%
153%
59%
119%
..86
Anderson,
18%
119%
Anaconda Wire dk Cable
No par
Anchor Hock Glass Corp com—13.86
16
13%
154%
154
*18%
119%
7%
28
154
18%
119%
54%
1
*18%
119%
6
10*
dt
138%
67
par
$4 conv prior preference.—No par
Amer
138 %
18%
600
400
600
•:
131
18%
American
for
the Week
$ per share
16%
1
♦89
1
8
Sales
Friday
July 30
July 2d
137
9%
24%
19%
39
Tobacco.:——.!
8%
24%
*125
300
22
Thursday
32
30%
100
900
18%
21%
108
•134
£'
30%
—106
♦18
$ per share
92
7%
31%
24%
*19
16%
♦89
7%
31 Va
♦24
18%
13%
27%
V
60
135 "
♦132
16%
170
10 Va
<
27%
♦40%
1,300
95
13%
22%
*102%
$ per share
89
170
108
18%
22%
Wednesday
July 28
32%
-9%
;
7
:
HIGH SALE PRICES
137
79%
♦168
*102%
92
'
7%
32%
22%
$ per share
17
90
'
18%
22
Tuesday
July 27
$ per share
EXCHANGE
18%
22%
108
23%
6%
♦so
1,400'
iop
4,800
u
'
18%
*102%
7 Va
•400
6
49
23 Va
95
7Va
5,700
39
53,f
*47
95
22%
.4 700
71%
*47
7
300
1,700
'
11%
*62
24%
6 Vb
17 Va
16 Va
7
CLOSED
*5%
900
1,010
1,400
35
17 Va
6
7 1
200
17,000
100
16 Va.
49
24%
„
,
72
11 Va
38%
6
*46%
99'/a
17Va
*70%
65
700
v;
:;
.
16%
3 Va
3%
*62
38%
6
47
47
3%
.
37%
35
6%
16%
72
11%
36 Va
36
*16
V
.
91
100 Va
*16%
16
♦SO"
38%
37
17%
91
37%
6%
16
'17,Va
«•„'
■
20
101 Va
101 Va
36
47
20
38%
102
1,200
110
•
21
*90
'
23%
47
18%
14
3
*90
.
*
*23
*108-Va
47%
17%
21%
1,300
97
18%
11
34% Jun
91
24
110
♦46%
-21%
*17
400
44Vi
'
47%
17%
13%
170
*94
23%
^00
...106
Jun
Apr
99
♦108'/a
110
47%
16
24%
44
♦80
No par
:
...
60% Jun
36% Jun
6% May 26
21?.%
♦90
18%
American Store*———No par
American 8toye Co——-.-.No par
112% July 28
2
46% Mar
Foundries
*108
0
11%
103
39
82 Va
169
44%
*94
2,300
109
-170 Va
44 %
23% /"' 24%
110
*17
22%
preferred —————106
American Snuff bommon———25
6* non-oum preferred—
—106
98
♦20%
,
*91%
22
7 %
♦94
23%
108 Va
*47%
17 %j
107
——No par
Amer Ship Building ^ Co———No par
Am Smelt dk Refg common—No
pal
Steel
23%
*
%
*18
No par
108
•
—
American
98
39
*105
84 V
170
»/4
64%
preferred——.—No par
$6 preferred———..—No per
American Safety Rexor
American Seating Co
45
3%
1
Amer Rad dk St San'y com
7*
preferred
83 Va
85%
45
39 Va
109
'
'•
110
47
85
39
♦107%
*170% 171
45
•93
24%
,
85%
172 Va
44%
11 Va
66
,
2
38% Jan
see
82 Va
83%
170
,,
72%
Nn par
Amer Power -Ai Light eom—Jlo
pax
5
41% May 27
!: 39 %
5,700
6
100
68% Jan
45% Jun
footnotes
47,a
6%
No par
108
American Tel dk Tel Co...
11
6%
-
4%
17%
No par.
10
10
Feb
18% Feb
•
5
LOW AND
158% Jun
28% July 28
98% Feb
.1
4%
July 24
American Sugar Refg common
30
88% July
>4% Dm
18
Jan
Apr
24% Jan
80% Feb
111% Mar
Dee
5 Va
Saturday
41
May 21
131% July 15
20% May 25
Jan
Apr
For
Apr 22
Dm
Jan
30
9
51
Not
Jun
17
61% July 28
14%
3%
21
35% Jun
27-:.
11
38%
Nov
874
11
76% Mar 18
Apr
4644
M.
6
36% Mar 17
101%
t
13
Apr
7
Feb
69%
May 10
46% Feb
10%' Jan
May
-
116% Mar
Oct
110%
8% May
62
132
Dec
50%
*
27
147% Mar 17
54 % Mar 29
Feb
60
Apr 27
34% Feb
174% Feb
.
35% May 18
140
Jan 26
116% Mar 15
Oct
Apr
Mar 19
.
163% Jun
22% Mar 12
Feb
12
Mar 10
25% Feb
Dec
146%
:-6a '
68%
>
27
46
Jun
90
Jan
12% Jan
9
27% July 14
11
28% July
29% Jan
Xll6%
v'
16% Mky 21
176
8% July 28
16% Feb 14
11
37
May :
May
h ; 86% Jan
6
95% May 14
86% May 14
38% Feb
158
4%
1
American Molasses Co
46% Feb
40
13,700
16
American N«w«
Oct
172
8%
35%
1
preferred
2
Dec
135
1
13
'
6%
8
24
42%
18% Oct
;
■
11% Jun
70%
149%
;
12% Feb
164% Apr
Oct
.
16%
.
8% Jan
34 V4 July
c
1,300
8%
37%
Par
"
Feb
Vun
•
% 116
10
28
„
17
Feb
6% Feb
81
-
136% Dee
85% May;
83% Jun '
:81
Feb
29
Feb
15% May
:
7
Feb
Feb
117%
48% May
148
Dse
32
Dee
*
Feb
129%
Dee
.
Mar 21
16%
0% Aug
84
125
39 %
Dec
88
Dee
76% Dee
11% May
'i
July
13%
9%
*45
American Metals Co Ltd CdmJNo
pax
25%
66
13%
38 Va
9
♦102
STOCK
preferred;
25 Va
*64
13%
31,800
1,300
2,600
9'/a
•20% *21 %
;£.l
Amer Mtch dk Fdy Co com.
66
800
7%
55
-
8%
•17
1
Amer Macblno dk Metals—
26
13%
52
8%
5 Va
*90
No par
10% May 27
34% July 7
135% July 6
26
•64
47 Va 1
'
71/4
55
13%
111
♦45
7%
55
66
108 %
48
;4100 '4
2,300
,v
5
±1
21% May 24
94% Jun 10
7%
o
8%
_50
6% Feb 11
24 % Mar
9
32% July
26%
♦64
114%
*46%
7%
300
; 900
5%
46
5Va
44%
10
$ per share
cum
26
66%
*5
4G
9
84%
18
EXCHANGE
3.90*
26%
5%
46%
39 Va
lit
YORK
5%
*44%
107%
172%
—88
15% July 30
79 % Feb*'
5
Feb
147
NEW
28 %
39 Va
♦93
non-eum
Highest
$ per share
share
28% Sep
101
Jan
Dec
7%
Range since Jan. 1
Lowest
Highest
$ per
28 %
107%
STOCKS
Year 1947
Lowest
$ per share
900
29%
39 V4
44%
100
'
7*400
90 %
107 Va
83%
4
——
No par
prtfefted Ari^toUNo par
preferred
—J
No par
Range for Previous
34%
39 Va
46%
preferred
34
90 %
107 Va
•171 Va
■
Jun
4,500
107
•108 Va
American Investment Co of 111
American Locomotive common
26%
39%
1,000
33%
88
92 Yi
47%
13%
28%
33
*84%
34%
56
13%'
2,900
-i 300
•
5
It
preferred
55%
13%
-
8%
preferred..
.—108
American International Corp.No
par
24
26% Jun
108
6%
14
Jun
39 Va
107
2nd
conv
56%
♦65
14
108
American Home Products
American led common
47%
7%
47
7%
26 Va
28%
33%
113 Va
115
7%
20 Va
*28%
56%
67
13%
American Hawaiian SB Co——.18
American Hide & Leather Com
5
15% Jun
5
116
$7
47%
28%
88
600
183
182
*19%
91 y8
46%
115
10%
34%
5%
♦44%
97
10 Va
20%
•
■
30
5%
r
113
8 Va
26%
♦28%
49
112
57
LNopar
Co
♦46
48%
♦65
87 preferred
26% May 20
8'A May 21
16
10% Feb
Oct
14%. Not
18% May
103
Deo
53
25
6% Feb 25
106% Mar
Apr
9% May
12
May
Jun
46%
7%
preferred series A.100
Distilling
5%
114
24%
com
30%
5%
*92
185
33 Va
93%
♦28%
V
10%
28%
35%
93
57
Amer & Foreign Power com—No
psr
t7% Jan" 3
20% Feb 11
10 %
May
90
Jun
35
5%
97
10%
♦84%
93 Va
48%
28
-
300
*91% ;
34%
35%
1
com
4 400
1,200
88
93
29%
73
28 Va
20%
93 Va
com—1
common
34
12,000
i :r- 4,100
104 Va
20
♦84%
40
3 "/a
51 Va
'
28 Va
28%
34
■77%
50
73
■
35
113%
American Export
43% May/17
3% Feb 10
Oct
65
4
>34%
22% July
•6
Apr
9%
Jan
3
r Mar
Inc
20
28%
88
200
104 Va
183
19%
33 Va
2,500
29
,
.
28%
♦84%
75
50
•■V
-
106
10%
•19%
88
17%
3%
-
2,100
:
♦104%
188
•28%
33%
5%
♦44%
No par
Kaulo Corp
185%
:
77%
3%
5,400
V
*
6,000
3% '
3%
17 %
51%
v
■:
-
28%
35%
29
1
3%*72%
♦93 Va
American European Secur.
No par
Lines Inc.—40s
6
4
6% Mar
65
conv
American
Apr 15
4% May 15
89% Jan
9
65% Mar
Feb
101 %
July
at,
•10%
?
3%
•
>
22% '
< 105
105
18
51
29
98
10%
187%
)
3%
18
105%
•91
...
41
*77 %.'-''79
35%
108
Broadcasting Co
19
33%
60
class A
com
187
28%
♦84%
.10
American Encaustic Tiling
19
Dec
20% July
6% Feb
15 % July 19
9
5
19
28%
1
oreferred
Cable
3%%
7% May 20
Dec
8
No par
No per
common
prior preferred
American Cyanamld Co
49% May 21
Jan
7 Mi
10%
186%
Chemical-No par
4%%
3
5
74%
10%
186%
preferred—100
Colortype Co
American. Crystal Sugar
May 26
25
Jan
*10%
1
No par
..No par
5% conv preferred
American Chicle Co
16
Feb
2
98
American
3
Jun
Jan
8%
♦93
par
May 18
20% Jun 15
5
33 Mi Feb
May 21
51
13
Dec
98
7% preferred
108
American Car 5k Fdry com
No par
1%
preferred .——.—.108
Amer Chain & Cable Inc
No
108% July 12
4
18 Mi
Dec
14
3
5
conv
American Can
21
88
101%
Jun
49 Va Jun
104 Mi Jan
48% July
118Mi Oct
Amer
92% May 14
100 Va Jan
18% Mar
Feb
Oct
19
24
37% Mar 16
Feb
47 Mi
i
A%
Amer
89 % July 19
Jan
♦93
5,100
V v
,
13 V4
74
gtd_100
0%
preferred
3
6% Jun
11
Mar
196%
Dec
Jun
6%
•73
1,000
j
45 Va
40%
3%
/ 75
20
13
51%
28%
common
conv
American Bosch Corp
Amer Brake Shoe Co
July 28
9 %
3% Fen
Fen
115 Mi
■
111
cum
American Bank Note
70
8% July 26
99
20% May
105% July
29% July 13
9
103% Feb
Ry
Agricultural
3%%
•73
52 Va
19 Va
*44
22%
79
3%
51%
105%
Inej
American Airlines
May 19
14% May 14
Feb
~7%
May
Amer
Mar 22
6
.
Mills Co
73 Va
29 %
•77%
;
3%
51%
.
2.800
k:.- ' 500
-
39 Vs
18%
29
Leather Co com—1
6%
convertible preferred
50
Amerada Petroleum Corp
No par
9
7 Mi Jan
80
;3Va
51%-
5
I
3%
•18
106
Amalgamated
2-
51% Jan
18% Mar
West
Alpha Portland Cement
May 21
Apr
110% Nov
May
38%
3
50
Dec
36
Allegheny dk
3
Jan
-
3%
v
18
-•
V
>
95
13%
13%
22%' 23
♦105
108%
39
23
108%
29
Allied Stores Corp common
50
;
.
•105
3%
Va
v
•77%
3%
51%
28%
4*
preferred
100
Allis-Chalmere Mfg common—No par
3%% cum eonr preferred—100
121
3%
♦18
80 "
3%
51%
108% /
v
Shares
,72%
*4%
51 Va
20
;
♦44% ■45%
13%
22%
.
■'
52 Va
> 20
,
40
13%
>
♦104
May 27
17%
3% May
75 Mi Dec
94
20
3%
40 '/
106
Jun
Jun
22%
52%
20%
70
♦85
'
5 Va
for
the Week
$ per share
72%
95
.
5 Va
45%"
:
♦104
42 %
98
13%
22%
♦106
18%
73
20%
41% A
♦85
5Va
S3
53
♦44!
'•72%
90
Sales
Friday
July 80
$ per share
72%
No par
84.50 preferred
Allied
77%
Dec
166
.
■
Allen Industries Inc
Allied Chemical dk Dye.—
Allied Kid Co
:
31
May
May
36
Mar 18 '
.
May 24
Mar
80
20y« May
65% Dec
46
3%
♦77%
53%
13%
14
22%
■72
•85
u/*'4%
20%
..
May 21
$ per share
•
45%
;Wi
Thursday
July 29
July 28
.
5
40%
108%
♦17%
'/•
31% July 15
6% May 17
Mar 18
51
14
Allegheny Corp common.—.
1,
B%% preferred A
—:
100c
82.50 prior conT preferred-No par
Allegheny Ludlum Steel Corp_No par
53
20 Va
♦43
40 Va
22%
6
91
8
52%
20%
♦106
—109
4% =.■■■
45%
39%
10,-
common
'i
73
20 Va
1
/
-
90
•43
100'
37%May 15 :
"
25-
Jan
34 Mi May
7
Dec
-
11
46
,
11
33% Feb
38
'
8
♦72
*85
4%
52%
>
No par
preferred—
34%. May 20
Mar 24
Deo
Ino
4%%
•
73
90
4%
1
„
72
PRICES
Wednesday
July 27
♦35
No pax
Admiral Corp.
Air' Reduction Inc
Alabama dk Vlckaburg Ry_,
Alaska Juneau Gold Mining
198:
18% Mar 13
Oct
39 Mi Mar
/
CLOSED
—10
Corp.—
i May 17
21% Jan 30
3
36%
24% May
8 Mi May
34
i
I
V
EXCHANGE
1M
Addressograph-Multlgraph Corp__l0
Aldens
t per share
SALE
Tuesday
$ per share
.i
STOCK
-No par
Co.
Express
Adams-Mlllls
55%'July:13.
75 ' >May"13
109
*
Motors
BWel Oo_
Adams
2 % V 96
Apr 23
11
11% Jun 14
8% Feb
:
Nov
> /
7
.
Jan
10% May
81
Jun
:
Jun
V
<
.
30
>
Apr
12% Nov
164 "
(
-
7
24% Feb 28
107
~80%"not
Acme
'
102% Aug
25 % May
66
Jan
1
/•■ 27% May. 15.
July 19
101:' Mar 11 -4 .108
May 18 >
3% Apr 14
]4% May -20:
14% Feb 26
21% May 21 ,
"J 80% Jun757/a Mar 19
2.
2% Mar 15 - / .'4%'M*y45''
6% Feb
-
10 '*
ACF-Brlll
t per share
per
Abraham 4 Straus
9
r, 22 %
Feb;.
-
13
7% Feb
38%: Fib
112
■
3% Deo •
*
28% Feb
Abbott Laboratories
2
May 14<
6%\Jan
55%'Juh
HIGH
Monday
July 26
July 24
Par
23% May 15
46%-Jan 27
41% 'July 27
13% Jun 15
'
6,
•
*
79% Jan
100
14% Feb
Oct
10%
6
11
45% Feb
Jan
40 Mi
Feb
4% FCb
Oct
55
10% May
LOW AND
Saturday
EXCHANGE
$ per share
"
64% Mar 17
80
-
Oct
60
Highest
3 per share
110.
July
-10% Feb v
13 Va May
May.'.
(
Lowest
;•
share
87%
Jun
6% Dec
4J Mi Apr
!
Range since Jan. 1
Highest
$ per share
ST0CKS
NEW YORK STOCK
.
Year 1947
Lowest
55
Z
30 Va
*
11%
•V
.
29%
*10
*5
:.V
Va
5%
28%
29%
*27%
<:
.
28
101
54 Va
'
./
'
J; 4
54 %
300/
27% / 29%
*10
-
14,700
11 Va
*5l/a
29
600
/■; 100
--
5%:
29
••
400,
1,400
COMMERCIAL
THE
(452)
16
*
NEW
i,
',#•....
$ per
$ per
99
share
\ 37%
Feb
share
24% May
$jwf sfifire
,
25% Feb
109%
15%
Oct
Dec
130%
Jan
55■
Jan
103'
Va
Jua
91%
Dec
38
"11%
41% Feb
10Va May
Jan
14
Feb
12 % Mar 12
Feb
14
9
115% July 12
18% Jun
3
17% July 15
2
17%
>
11
99% Jun
29
19f
Sep
14
106
Jan
56% JUn
10
Jan
88
25
f, 15 % May 19
16
104% Mar
Arrnco
5
12% Mar 16
AMPQtated
?o% Feb
19
May 27
132% Feb
100
16
111
May 10
6%
134
Feb
94
Mar 12
106
July
7%
2d
25
Dec
34
Sep
26
Jan
5
66
May
99
Jan
84
Feb
11
*98
.Dee
112
; Feb
■59
40% May'
23%
'
Jua
62
Jan
21%
:
113%
105
fep
% 103
-91
Aug
Fpp 21
Fgb 49
Feb
21% May.
26% July
£0
57
73
July
121
July
Jan
Dec
Mar
27%
May
15%
Deo
11%
5% Mar 13
13
Jpn-;?®
11
.4^. fi*
Doo.
DOO
24% Jan
25
l6%Mgjr21
19
Jan 10
J9% Job
t
•7% May 17
4%Fpti:?6
.
28%;
29
27%
9.93/4
98%
-
99
12%
13%
12%
13
12%
12%
1Q0%
*100%
54%
96%
*16
54%
'
:h«t'A
•
96%
*96%
96%
112%
...
113%
16%
16%
*16%
113
rih.i-
♦16%
It'/.,
17%
102'%
102
101%
102.
100%
30%
30%
30%
109%
111%
xll0%
102'%
102%
102%
17%
57%
58
36
111'.
1031
103v
17
17
10
RR
Line
*36
Lines commen—1
44*%
*22
Nichols' common
22
19
Ju.fi
2
13% Feb
11
16% Jun
3
Babbitt
(B
3
Baldwin
1,6*00
16%
16%
2,700
104
101
101
36
■
73
44%
'
500
105
104
*101'A
80
103
30%
29%
30%
2,200
114
115%
111'/a
114%
12,000
102 %
102 5/8
102%
102%
102 %
-1.000
17%
17%
17%
16%
17'A
31
*30%
•
35 %
35%
73
*67%
*
■
36
2,100
>.
1,100
73
*67%
73
42%
108%
14,100
43%
108%
44''2
43%
58
35%
59
45%
2,600
"
'A
57
58
36
*67%
43%
16%
3.0
108%
103
94
94%
93%
94
93%
94'A
94'A
94%
94%
22
22
21%
21%
22
22
21%
21
%
21'A
21%
1,900
51
51 %
51
51%
51%
51%
50%
51%
540
106
106%
106%
106%
25
*6%
-Ntfpar
*22
6 3/4
IOj
106
*22
25
14%
14 Va
*14
11%
11%
15
15
Locomotive
•63/4
423%
/'
15
'
8%
'.
6%
6%
6%
14%
14%
14%
14%
14%
300
11
.
11
11
10%
10%
2,000
*14%
14%
400
6%
20,700
%
15%
15%
6%
♦42%
433/8
42%
15%
500
*6%
♦14%
6%
*42%
160
23
*22-
6,%
11
15
330
94:14
106
106
106
25
14%
6%
52
51%
106
6%
113%
4234
110
1Q8 V2
106
6%
ll'/2
!
10J
♦22
25
6%
•
*14%
Conv prior pfd (|1.20)i-II--.No par
Autocar Co_-i..——,5c
Automatic Canteen Co of Amir—5
Atco Mfg Gorp (The) common—3
88.86 eoav prefotrsd
*•*•*
35% Jan
16%
16%
104
43%
110
16
101
*67
45%
100
17
17
102%
36
'
73
*67%
25
16%
16%
101
56%
1,210
16'A
102%
56'A
130
97
113'A
100%
17
3,300
53%
53
*96%
102
17
.
.
37
-
—100
common
.
56%
56%
No-par
preferred
%"j:
109%
' preferred——100
—
-31
31
::oo
100
100
112'/a
*16%
114%
19
,
97
ln%
16'%
120
11,400
113%
16 3/8
16%
.
.
54%
*96%
113
*17
.
173/s
17
•
100%
541/4
96%
102%
Investment Co
Coast
,
113
16'A
.
7,300
28%
99'%
■
•
.
■
100%
li^a
*109
Austin
*
*100
f
55
55
96
112%
At^as Tast Corp—par
20
13%
29%
98%
iop%
12%
Shares
share
29
99
100%
5100
i% ,conv preferred serifs A—190
FreferBfd $3.75 aerie* B
.100
Atlas Corp
Atlas Fodder common--—No par
4^
eonr '.preferred-:
;—100
8
9% May 21
10% July 19
14% Jijly 23
,
;2.7% Jan
May|
,4%
Mar 30
12%
CLOSED
for
the Week
July SO
$ per
98%
29%
98 %
13
'
167/a
Atlantic cKefinlng
25% May 21
64% Apr 16
114
Jau
a
.
29%.-Fan
■
Jun
* per share
share
28%
98
5
98
16%
non-cum
.
$ per
29"
28%
July 2!)
$ per share
•
Sales
Friday
Thursday
July 28
16%
St W X 83
&%
RIGH SALE PRICES
J
Wednesday
..No par
Xnc
F
Atl Q
1
May 22
99
F$b 11
20% Feb
18% Feb
.
Deo
:
lp4
12% Feb
Dec
i?%
M:
114
50% July 30
API;
iii%
V1'"'V
%
T
5
50% July 12
9
STOCK
EXCHANGE
—-—UOO
preferred __—
_108
non-cum
Atlantic
July 14
47% Mar
78% Mar
8
-
5%
A
62
22
30
$ per share
$ pev share
Atcfc Topetft 4f ^r-nta Fe com—100
19% Jun 24
24
Jan
68
Dec
Dec
Feb
25% Jpn
Mar
40
Apr
n
45
34% Feb
77
Noy.
105
Feb
/Par
■
preferred-'
Associates
11
117% July 15
lb7% Jun
3
Mftr 3
96
14% Feb 11
18% Feb
Jfily r*
LOW AND
Co Inc
Dry
l«t
Dec
;
Tuesday
July 26
Qopdf common—1
Artloom Carpet
Dec
Jun
Monday
,
13% JDW
35
RECORD
July 21
preferred-—_——106
Armour p. Co gf IlllpoU eom—.__»
„|6 cony prior preferred
No par
Armstrong Cor* Co com
No P*r
V
83.75 preferred
No par
cum preferred
cpny
No par
Arnold cc9«tabic .Corp—
s
9
Monday, August 2, 1948
STOCK
♦-
.
conv
99
lOVi^lay
...
^teel Cprp ..cora---.^.--^4-18
:
4%%
99
Feb
fc'
,
'
32% May 21
101% Jun
Mar 16
91% Feb
Feb
110
17
Feb
'
»
SperjJftare
11
60
.
Feb V
May
9Ya May
CHRONICLE
Saturday
EXCHANGE
Highest
FINANCIAL
„
STOCK
YORK
NEW
Range since Jan. 1
Lowest
Highest
Lowest
YORK
STOCKS—-.
Range for Previous
Year 1041
••
&
V v
\...
14%
6%
1434
6'A
6
6%
.
42
42
200
42
*41%
B
W; 12%
Dec
,
f
'•
60
Jan
.
Dee
31% Jun
80% May
59
May
28% Jun
Feb
Jan
28
10
\Ffeb 11
x42 % Mar 15
60
20 % Apr
% July
9
Jan
37
v Mar 24
39%
Pec
31
,
Feb
9% Feb
Dec
19-%
Feb
Jua
24%
Not
18% May
Jaa.
Deo
Jan
17%
Deo!
20% Aug
708% Feb
Deo:
96%
:
62
110%
iV. ' ■.6%, May
12
16% May
Deo?
95
17%
,/jv
77%
25%
Sep
21% May
103%
•
r- '
*■*£'
■
24%
r
;
/;
Tl*
17
Feb
125
.
31-
fan
28
X13
*84%
86
90
20
600
(A S) 43/4?4 pfd--—100
Aircraft Corp_i—
1
Bejtch Creek RR
_T———50
Be'fph-Nut Packing Cq_——-—10
Beiding-Heminwny
—_—_—1
Bell Aircraft Corp————
1
Bell <b Howell Co commpp—„—10
*91
92%
*91
Jan
9
16
34% Apr
8
19% Mar 22
24% Jan
2
103% Jun
9
Mills,
•
38
Jun
14% Jan
..
-,V
Meetrie
NEW YORK
38
Feb
4
24
42% Feb 11
'88 < Jan
3
3% Mar 16
;
33% Mar 18
7% Jan
50
8
Apr 28
30% Not:
63
Jan
28%-Mar iO
,
9 '/a July ,20
93% Feb
5
26% Feb
15% Mar 16
36% Jan
27
11
July 30
Feb 99
90% Feb 13.
.
93
Deo
106% Apr
20%
Do*
27% Feb
,173/4 Feb 14
20% Nov
!S% Fgb n
122% Jan
6
8
Fpb 20
.65
Mar 30
*32%;Feb 13!
Jan
.<
123
69
Dec
25% May
peo
14% Feb
86% Feb
37% Not
,
102%
!0 % May
Dec
6
23%
Apr
96
19
May
May
38% Feb
80
Dec
104% Feb
60
Jun
|5%
r
12% May.
8
Jun
,11
Dec
,3
Mar 31
79% Feb 20
Tan
77
Apr
13*
12% Feb i?
7% Mar 18
.79
Mar 16
9% Mar 16
78
Mar 12:
t
2% Mar 17
Deo
*■%: 88 ■% van
•
24% Feb
108% Jan
6
Feb
Dep.
13% May
94% May.
*9
16% Mar 16
81
Mar
10
Dec.
79
14
16% Oct
May
.72
29% Fpb
22% Feb
loo
May
84
.
J3 Jan 8
5% M»r 6
feb
;
22% Oct
16
Mar 17
l98%:jah 15
%S3
Mar
15
24%
25
24%
25
♦78%
*27
•1rt.
Blpomlngdale
273A May 13
44% Jun
9
66% July 13
10%
10%
W)
(E
<b
Monday
July 2+
Co
$ per
15;
21% May 15
43% Jup
243/4 Jun
3
27 * Jun
18
1
PRICES
Thursday
$ per
share
for
the Week
Shares
share
400
33'/a
33
167%
16
16%
4,500
CLOSED
29%
29%
30
30%
30
30%
30%
31
29%
30
2,300
-
34
*3J
16 %
*16%
45
16 %
16%
16'A
3.50
*33%
Sales
Friday
July 30
July 2.9
$ per
16 Va
*43
16 %
16Va
44
237/8
24'A
23%
23 3
29%
27%
29%
273/e
50
44
243/a
29'A
*
500
16
16
16%
45
24%
*78
*43
33
28
443/4
*43
6,000
4
1,800
210
7C%
78%
79
79
79
78
78%
42%
43
42
42
40
41%
40
40
39%
40
1
23%
24
23%
23 y8
23%
23%
23%
23%
22%
22%
2,900
—II
42%
42%
42%
42%
42%
42%
42%
42 3/8
42%
42%
2,300
Borg-Warner, Corp Vcommon.^.—•
3% % cum preferred^
—100
Boktpn it Maine RR (assented )_10O
Bower Roller Bearing Co—
1
Branlff
Airways Inc
2.50
61%
62%
2,900
93%
93%
4%
4%
*39%
40 %
Co
class
B
Bond Stores Inc
Borden
Co
—i.
(The)—
fitratton-
&
Union
Co
7%
9%
*49%
54%
10%
313/4
9%
31%
32
31 'A
31%
32
*31%
32%
30 %
30%
31
30%
30%
*97
99
20
99
20
20
20
;
30%
*97-
3,700
31%
31%
2,800
30
30
800
30%
31%
*31
10
30
30
1,100
'
*97
99
99
19%
20
20
19%
12%
11%
uy8
.11%
11%
11%
11%
11
30'A
'30%
31
31
31%
30%
31%
97
97
20
20
;
'124
125
*19%
20
20%
125
10%
10%
10%
71%
71%
*70%
71%
71
71%
36%
36'A
83
83
39%
39%
22%
22%
100
SlOO
*83
84%
*83
18
18
17%
40
40%
40%
38 3/4
40
37
37
22%
22%
37
'
.
.
22 Va
22%
22s/a
92
*91
92
*91
92
91
91
91
*90%
83
?78
83
*78
83
xlo
16
16%
.
16%
16%
90
*78
12,000
92
90
83
15%
9
9
800
1,000
22%
*91
'
100
84%
21%
92%
800
16%
8%
6,200
9
9%
9%
97
9.73/4
97%
97%
97%
86%
12%
125/a
123/8
*12%
12%.
12%
12%
81'/a
81%
82%
♦81
82%
3,500
97%
12%
97
82%
8,600
17%
40%
•17s/e
40%
9%
'
*3%:
♦81
3%
3%
3%
25%
24%
25
*102%
IO?;,
*102%
103
31%
;''31%
31%
.
25%
103
.25%
32%
'102%
731
*102%
31 "
32
3%
♦
V 31%
270
1)100
170
24%
102%
1,100
•
1,700
103
31 %
30%
■
v
3%
23%
25%.
103
'
:
82%
*81
3%
3%
,2.4%
3V9
3%
243A
/
1,000
36
84%.
18
9
sy8
12%
7 A participating' preferred—109
■rrep isflp
...
,
;s»»ar
37
37%
♦83
16%
12%
82
Copper M 'Zinc--_-'i—
^5
Co (A M) common—Ifo par
180
*78
96
s
71
91
16%
8%
71
17 %
37
22'/a
83
*78
10
71%
*71
*91
92%
4,500
10%
.84%
*39%
92
'
20
124
10
17
37
17%
40
1,200
10%
.*83
17%
91%
19%
1,400
-
19%
*123%
20%
10%
.
97
19%
124
124
10%
*91
*97
20
10 y8
9,400
"
99
10%
-—100
—
20%
20%
20
*97
19%.
19%
20
*124
99
*97
99
19%
125
♦124
96
:^_r.
*97
20%
20%
•
prfferued-
prfferted
2,200
11%
30%
par
commop^-
4%A Preferred
8%
54%
97/8
31%
20%
4,300
3%
*49%
32
*97
300
9%
33%
99
9
39%
54%
*
32%
Terminal —>___^
1
Tfrrp Pldg 7 A preferre^l^lOO
Butler
Brps pommoii
——1#
Byers
8 7/8
100
800,
39%
39%
47/B
31
Bush
Butt*
9
60%
94%
*4%
11%
Bugh
9'
39%
59
*92
5
9%
9%
!
43A
*38'A
*49%
54'/a
"*49'/a
61%
94%
*92
5
8 3/4
8%
8%
54 Va
20
Co
2nd
*38%
60%
94%
31
1
common
Buloyp Watch Co Tpc—
!
-I
Burlington M111* CorP common—1
4A preferrfd
!
—100
conr
39%
*39
69
■
970
15
common—
Inc
—100
common.—No par
85 preferred
—No par
Buffala Forge Co———1
Buff Niag El Corp :3.66%- pfd—100
Bullard Cp '"1—.—i.—_1——No par
%Vt%
3% %
*4%
"9%
♦97
preferred
(The)
*913/a
43A
30
'i^o-par
Bucyrus-Erle Co
61%
94%
32
Oas__——No par
|3AQ. prfferied '
Budd
61%
4%
32%
—__No par
common—1-2.59
.3%A:-.preferred-_--r-i—-^lQQ
Brooklyn
61%
-
9%
Bristol'-Myerl Co
'■"
' -
*91.3/8
■
9
9
*78
7.9%
*49%
1
9
300
33%
10% July
If
300
17%
16%
Jun
10%
M
Burroughs Adding Mschine—N» par
July
10%
17
6
105
11%
16%
3
23% Feb U
2,400
*10%
16%
Jan
.4% May 18
27% July 14
33%
16%
I73/4 Jun
Jan>
135%
33%
—No par
Ami
Class
3
973/4 July 28
15% Jun
2
'20,700
133%
137
A———No par
Bon
m%MftF87
21
share
■14
■
July 12
35%
35 •!
-fr
33%
$ per share
29%
July 22 =
Jun
2,600
16%
STOCK
29
Shoe
39
SALE
$ per share
29 %
& Blgelow
40
400
33%
33%
*134%
v
Wednesday
Juiy 28
29%
Brown
88
HIGH
July 21
24
Brown
Jun
-
233'4
14
75
267/8
33%
-
EXCHANGE
1
-
Laughlin Ihc——
12% July 26
2
11% May 15
600
100
26
•
•
3,200
82%
100
35% J. 36
•"
10%
43%
101% Apr 27
21% May 23
100
10J/4
24'A
2
24% May 1.
36'A
137/4
34
Tuesday
July 26
$ per share
—^——No par
Brlggs
90% Jun
35%
*1-0
33%
LOW AND
Saturday
34% May 18
1243/4 July
34%
3,400
,
-
Brewing Corp of America
11
Bridgeport Brass Co..——_^No par
Brig|s Manufacturing
No par
97
27
34 %
:
34 "4
if
♦iO-iK
.
11% May 15
36% Jun
9
Jan
27
27%
34%
36%
■>: \
24
25
32
102
33%
*43
10% May 18
71
Feb 10
-373/4 Juri
1
33!»
Boeing Airplane Co.—:
•
Bohn Aluipipum it Brass—__—6
May 24
5% May 15
Jun
Srfl353«
;
34 V
102
*27
%j
.
Brothers—'—No par
96
42'
357/8
1
-
?33Ve
»•?
Par
Blfss
'
:3%
*79
102 %
9,400
~»\
24 %
24
*79
82 %
102%
27
27
*
'
|M «
35%
cbm_No par
H
28
?**%
1
24%
82%
24%
24%
24%
*79
82%
*78 %
82%
__
Blafk 4s Dfaker Mfg Co——No par
•
May. i
14%
Blaw-Knox
*27% Mar 17
25% Mar 16
9
31 %•
10
15%
$ per share
Bliss
90
15
19%: May 18
8
700
100
15'A
36% July 15
17% May 15
99%
102
15%
11
34% May 27
*100
102
15%
-
12
13% Mar
*100
15%
EXCHANGE
44% July
20 %
15'A
STOCK
Co
*19%
15%
Co_—Ne par
'■
STOCKS
700
20%
32'A
i/7A;; «.pref erred'.^-ui.-^w^!kr.«..10O
Blgelow-Sapford Carpet-—__N.o par
Birmingham
14
<Pel)
500
15%
31%
11
23% May
120
102
36%
32%
—-1_
Steel
18
15%
No par
of 1P46
ser
*17%
20%
*100
103
35%
17%
16%
32
Appliances—'i
Loan pom
Dfd
Bethlehem
14
19
'
20%
20%
.
33%
Foods
Jan
13% Deo
20'A
20%
2,500
36%
*15%
20%
15%
33
Best
Jan
"25% "Jua
19%
—
x!7%
187/«
15%
10
1,800
34
34
Best
96
109% Apr
*18%
16%
700
12 %
33%
37% May 27
51
Deo
36%
18%
2,000
1,900
•
92%
*32%
33%
36%
36%
18%
'
11
12
13
*32%
37
36%
16
'
92''a
92%
13
12%
33%
*15%
18%
16
*100
12%
*32%
34
*32%
37
37
*17%
12%
12'A
12%
34
*91
92%
11
11%
34
Beneficial Indus
Highest
18%. Feb
40% Feb
31% Feb
90
*91
11%
33%
30% May 24
77% Mar 16
May
12
pfd $4 div ser of 1948 No par
Js Co
1——
1
39% July 30
13% Feb
30
.
1
Aviation—^
Bendix .Home
'
92%
*32%
100
preferred—,——
4%%
2;
Jan
Jan
19%
Shoe
BePdix
9
Jan
96
12%
19%
Bfbch
15
38% JUn
Beck
cum
Feb
•20% Mar
6,100
*19%
37% May 15.
11
»
39%
84%
139% July 14
; Feb
600
44%
38%
20
3% %
Feb
.
*
20
27
16
40
39%
84'A
67
Deo
*43
*43
19%
lis
Deo
44 Va
40%
86
Deo:
7
44%
40
19%
Deo
81
*43
40%
*84%
37% May 18
Feb
43%
40
19%
27% July 30
m Ffb
*43
85%
69
39%
25
19%
29% Nov
Sep
25
85%
29% Apr 16
pet
25%
19%
10
103
25%
87%
•21% Feb
751
26
*86
14% May
3 % May
11
May
26
conv pfd-1-——10O
Inc_
—2.50
15
•88% Deo'
26
Beaunlt
29
22 % Mar 16
33% Feb
49% Jam
*25%
2,100
36
$ per share
Jan
,
2,300
19%
32% Mar 15
May
44%
19%
18% Dec
13
44%
35%
Lowest
35% May
37% May
45%
357/8
41% July
24% 6ct
89
45%
4.4%
20
Range since Jan. 1
Feb
46 %
357/8
.
$ per share
14
May
28% May
45%
9,100
20
Mar 18
Apr
9% Jun
*20% Feb
; 35% Nov
;1.8% May
560
47
Gum
14
38
79%
12%
102% July 23
Highest
Mayf
27
77
36
July 30
Year 1947
12% May
26
25 %
80
20%
Oil. Co
a
2 ft
247/8
27%
79%
12%
♦
$ per share
26%
27'/a
80
36
Range for Previous
Lowest
26%
28%
78%
20
Cum
25
18%
Doo
27%
28%
12%
87% Mar lQ
23% Feb
-A5^:|aii',
26%
35%
21% Jan
26% July
32%
B«oN
41
27%
28%
197/a
18
30% Feb
112%
44%
50
27,600
.
12%
20
Jun
100
Oct
*43
1—'
13,600
14%
35%
37% July 23
20% May 21
11
30% Jan
Deo
,18% Apr
25 Va
157/8
14%
19%
23 Va Jan
Am mm mm-
25
preferred
4% %
15
78
Feb
'
47
14%
12%
14% July 30
Nov
46%
15Va
15%
19%
100
93 % Mar 16
28% Jan
.
Deoft
46%
Oil Corp
14%
14%
*15%
36
18% Mar 16
Feb
79
800
*15%
14%
15%
*35%
5
26
77
15%
15'/s
14%
15%
Bath Iron Works Corp—.—
1
Bayuk Cfgars Inc—„——'—No par
Beatrice Foods Co cqmmon—___2I
11
108% Aug
39% Feb
May
27%
79 V
15'/J,
147/a
15%
40%
2
Feb
26%
28'A
78
t-lOO
(Delaware) —30
Barker Brothers common-—i
10
14
15% Apr
July .1
32% Feb
30
27%
28
'
15%
14%
15
'
6
14% Fbb 16
l5%Ffib 11,
1SV4 Jan
24% Jan
10% May
28
.
8% Jan.
18% Oct
.
Ifv 1?% May51
'
Feb
26%
common—.50
preferred
'5%
15%
?0 Jan 8
2% May 8
4
39% Mar
Dec
30% Jua
86
.
Jan
40
15%
23% Jan
2
43% May 15
16% Mar 10
Dee
15'/a
14%
Aroostook
&i
Barber
14
7
16% Mar 31
31 %Feb 13
84% July 29
'
12
14%
preferred—_i—108
non-cum
Copy.
15%
common——100
Ohio
<b
Barnsdall
24
'
8%
18 ,
35%
\
■J
Jun
45
4%
Bangor
22
Ino————
1
Worka—i_-l|
T)
44% May
11
83%
:
16% July 13
Mpr 16
'54%
•
Baltimore
29% July 1,4
13% Feb
Feb
55%
May 1
45%
,
■15% Feb 11
16%
69;
30% Apr
v
17 % Jun
27
10
25% Feb
•
Dec
^,i?;4
■m i
12% Feb
Feb
16% Feb
.
11% May :
8% May'
o
mi
24%
•
7% May
.
i«
,
1,400
,
);
'
M%
Apr
11%
Deo
1%
Doo
34% DM
*58
9%
ft% Feb
34% Oct
17% Feb
• Va May
91% May;
13% May
110
I*
18
Doo
11:
Kl
132
Doo:
Apr.
May
li
6% Feb
May 28
.
:3
May 17
11
8% May
21
31% May
7
106
July 19
.28% Ffb 11
$9% Feb
15% fbb
47% Dec
44^Mar;l§
Max1
28
,'il
•
4
Mar
10
17% Feb
For footnote's ,see
ft
f 4% Ffb 11
11^ July 30
Feb
14% Feb
10% Jun 15
54
Jan
Cl% Marti:
48% Fbb
Doo
i% Mag
19% Ifot
87$ Mar IT
#3
Jan
1
Feb 13
48% Apr
|i
15% May 21
119
44
Jun
'.'2
|4.2|
14
Canada
Feb
«
copy
Ry Co__
Canadian Brewerloe LM
FoelDa
Cannon Mill*
-
'Ma
—100
NO par
16
m
m
■
N"
l.,J ■ m
lft
'it'¥*'
6%
6%
67%
*28
'.,16%
717%
>'
54;
,
;
:
12
117/8
108%
42%
•41
*173/4
18%
*17%
15%,
16%
16%
,423A I
-
k753%:
741
.
165%
54 »
•:
'
M
15%
'
.•
*42%
43
*42%.
;V
16%
16 »A
53%
?53%
.
'
*16'I
16%
■
53%
531/4
,"i
r/T«
^0
6,400
4,400
'
28
-
.600
11%
28'%
11%
108%
,
109
18%
.
15%-
:716%
*28
29
11%
43
42%
43%
S
^
*41%
?o
6%
109
18'A
:■
page 26.
63/,
:
4
2'A
12%
109 .
103
1,300
'
23/s
28ya
12
■
*53
55
2%
28%
,
36
36%
36
*53
2%
63A
28 %
.
2%
63A
,16%
*53
55
.2%
16%
:
38
*53
2%
42%
1:,,: *,Wopar
Capitol Admip claee A '
ij preferred A
/
',*17'A
—-25
x37,
55
2%
"■'11%
12
,7107% 110
*41%
43
preferred——No par
loutbern
Canadian
6%
28%
38
63A
:
2%
-
38
54
:
54
J 53
37%
*37".,
5* -Frfferrfd
Callahan
■ "r —
- ^ ^
Calumet J| Heela Con# Copper—ft
Campbell W A C Fdy
—Ko par
Can Dry Ginger Alp com;—,1.66%
; May
;
xl9%May 26.
19% May H
47% May 19
16
May .15
55
Cailfbynli v^ckiiag
7,700
108%
>40
250
10
17'A
'M: 15,
!!
42'A
7-.:
16 -
-753%.
/
j
1
,,
,
100
42,200
T, 600
>
V 600
30
yy;J,' /ft
-Volume 168
Number 4721
'
THE
•:■
ft/fty,'
:":ft
••
*•*
?M>
ft"
"ftft *<•
COMMERCIAL
jf.'J
t.
&
■nmu? .u* Viv.
ft ft/ft ■'•
' "■■
"•••'
■
'ft 'ft/ft/-ft ft"
FINANCIAL CHRONICLE
>
•4"'
y'
.
NEW YORK
Range tpr freyious
STOCKS
Year 1947
Lowest
Highest
$ per share
5 ¥2
15%
NOV
27
Dec
,38
V
Dec
6
"r
Dec
4
53
Feb
28*% Dec
108% Jan
22
Feb
97
Feb
123
Feb
156
Apr
Feb
68%
.105
Feb
22% Feb .28
217/a
Feb
18% May
*17%
Dei
22% *Fel»
;
'
7s/a May
7%
Dec
100 %
14%
Dec
.77%
10%
16% Jun
116
Feb
Dec
96%
Apr
4 %
-May
12%
Jan
Dec
y%
Dec
22%
Nov
102
Jan
79
Feb
-14%
Feb
.
1.7
11-
10
Jun
29
28% Apr
19
13 Ve Feb
May 21
1
'30
Oct
24% Feb
28
27
Feb
17% Feb
18
26% Jun
90
16
.100% Jan
15 ¥4 Jun
8
110%
Feb
30%
Oct
54%
Jan
40%
Dec
,81%
Dec
3%
Apr
12%
85/b
Feb
4
Feb
24
Feb
6
Jan
8% May
15% Feb
12
Jan
2
10%. Jan
7% Jan
2
6%
6%
Feb
May
14%
38%
Feb
30
27%
Feb
14% Mar
33%
20%
Nov
Feb
7% Mar
53% Feb
34% Dec
Jan
51% May
•56
'35
16
Apr
9
11
28% Feb
11
40
57
Jun
18
45% Jan
Dec
15%
Jan
4%
Nov
"32
15%
Feb
10
ft Feb
7%. Mar
21
July 22
42% Mar
31
7
Feb
18
56%
Sep
66%
Oct
52% Feb
23
Nov
29%
Jan
23% Feb.
96
Dec
111
Feb
x94% Mar 11
21% May
37% May
28
Feb
20% Mar 13
48% Jan
36% Jan
27% May
3 4 ¥4
Nov
28% Mar
11%
Feb
7% Mar
8
May
78
Dec
94
Mar
78
.
15% Jan
Nov
Jan
Jun
43%
Jun
34% Feb
10
Feb
105% Jan
> 6
41% Jun
111% Jun
6
34% Apr
Jun
29
88
35% July
109
26% May
Jan
* Mar
107
5
Deo
101
Jan
72
Jan
Dec
57
Feb
42% Jan
Dec
32
May
-
24% Feb
39% Mar
; ,14 % Mar 15
:-23% May 5
7 % Mar
34
5
Dec
140
Dec
89
■48% Mar
154 ;r
Feb
Dec
91%
137
Dee
Feb
5%
81% Mar 18
141
Clev
x61%
191%
1
Jun
65%
1140
May
1155
33
.May
56
87
Dec
23%
Dec
18
*
5%
Cleve
Lowest
Nov
153
Jan
61
,
May
1332
Jan
Feb
Climax
Juty
1
•
.
Oct
16
Feb
123/4 Feb
17%
Feb
8
Feb
11
Feb
11
17%
Dec
Feb
12% Feb
Feb
11% Apr
223/4 Feb
7%
Nov
32%
Jan
22% Feb
11
Apr
12%
Oct
10 V4 Feb
13
11%
Dec
22%
Feb
Dec
86
36
Dec
50,
Feb
May
48%
Oct
87
Dec
115%
2% May
90
Jan
20
Feb
•
13
29%
Nov
Jan
25% July 30
8% Feb
i 28% Feb
Feb
Feb
21
106
10%
20%
Dec
Feb
Mar
.1033,4
•;
if I if
Feb
9
42
Apr
:
106
54 ¥a
Jan
30
Jan
19% Feb
Feb
11
24
July 30
17% Mar
38¥8
Dec
99%
Dec
11%
Dec
30%
Dec
99
48
Feb
Dee
20%
ft
Feb
106% Apr
443/8
.
Feb
1103/4 July
15 %
93
Mar
May
13%
Feb
10
Feb
May
55%
Dec
35
Apr
14% May
12%
*3
Apf
M«v
12%
Feb
55% Dec
19
Feb
ft: 27%, Oct
55
For-footnotes'
Dec
&
Feb
1071/a
99
9
July 13
10% Jun
140
33'
*
of
Cuba
July 12
♦161
39%
19 5/8
»
16
--—No
par
Textile
pfd
Co
Inc
/-j._No
'
-
■
400
'
%f
35%
343/8
140
35%
7,500
'
800
18%
193/a
183%
19%
■5.800
18%
19%
18
18 S/8
193/8.
19%
17 *
193/e
19%
19
17 ¥4
16;
16
*16
,*14%
16
•
.
26%
,
<r
•
'•
'
17
'
141/2
16
26
26
26
26
123/s
13%
93/4
9%
9 ¥2
72 ¥2
x70%
10
73
*70
<100
>
15,200
19%
16
;
16
2,000
16
153/4,
5
-
'
'
300
'
13%
-
19
%
17
16%
26%
S/8
88
j.
*14
;
..
,
26
26
25Va;
26
26.
23.
24%
24%
12%
13
12 ¥4
12%
,
K
9 ¥2
*
70%
230
15%
9%
:*67
1,200
.500
19,000
9%
ft
<"
:
72
>
1,900
^<100
343/8
343/8
343/8
34%
41%
34%
41%
34 ¥4
34%
41%
41
800
41%
413/8
41%
415/'a
-'ft v900
50
50 ¥2
51
51%
*99%
24%
24 3/a
,3%
..
503/4
*
101
;
*101%
1013/4
26%
26%
26%
26%
10
34
293/4
*283/4
5%
5%
24
2334
106%
•
107
»
101
26 ¥2
10
*28 ¥4
293/4
28%
5%
-
.
.106%
*104ii
106%
105%
153/8
15%
15.5/8
153/4
10%
*10%
'
,
5 ¥2
*104
93/8
33 ¥4.
y
*28
53/a
•
107
'•
105%
»*10418
153/8
15 ¥1
103/4
1*10%
45
44
451/8
43..'=
23
23 Vb
23 ¥0
15%
103/4
23
■
>*10¥4
44%
42
23%
44%
1,400
1,100
i
24 ¥a
1063/s
22 ¥t
"
1,200
11,600
5 5/a
23 ¥a
153/4
"
r
9% rft
33%
28%
{il
223/4
,
290
.8,500
109.400
lOOVe- 100%
26
25%;
5 Vb
1065/8
105 ¥2
;
3%
24%
24
5,000
■
283/4
24%
' ?/,
50
100, # 100 ■<<
23 ¥a •
22»/4
3 ft
26%
34%
*10412
23
■
ft
■
10,
34%
1051/a
10%
V
9%
34%
5%
106 5/a
26
%
24%
243/8
49
-
10
34%
293/4
5 Vs.
^
100 ¥2
223/4 .23%
3%
3¥a
100 3/8 100%
'
3¥a
26%
34%
,
100,
245/8
3
1003/a
.
10
33%
101
233/4
3%
9%
50%
1003/4
245/8
3
¥2
107
500
t 3,700
.
'
13,600
ft
r.;
"1,800
,
105%
15%
1,800
10%
ft ft
:
42%- ftft-
200
5,300
22%
2.300
*13
>
13%
13%
13 3/8
133/4
14
13%
13
13
133/4
*133%
133/4
13 ¥1
103/8
••"
13%
*13%
-t
105/a
13%
103/8
13 ¥2,
13%
10s/8
10%
11
11
113/8
34'%- ,34%
103/a
333/4.
34'!,
10%
33%
33%
34
98%
99
99%
34
Va&i
1,200
99% ft
ft" 1,150
34%
35
34V2'
par
34%'
98%'
%
•
<
vr.
36
95.
16%
<«i
-,
''
*
•"•*
:
H,-.'¥59%'
60%!-
171/4
*17
.t
8%
•
.
'
^
#*
»
f"
;v 28 • " 29
,
*97 %
Ji ••..:
—-
*93%
(
t,
;
5.4
•
■
36
'60%
17
,*54
61
4.
30 ¥8
'
*93
16
»
■
'
V'94%-
134 %
11%
V\
lV1/!
-31%:
54%
^
55%
-ry.
i-ft *94¥2!
•
6i,
IF ft-'
56
8%
;
416%'.:
vs.
83/8
62%
16
.54!:.;';
-'!
2,500
45,800
.
y,;../
95%
2,500
.
/
4
¥2;
28 3/4
-»54
40
N
6,000
90 %
:
35
200
.3,500
9834 •>!
ll%,t.(f
55%' ft ft
U
8%
fri * 58^ I t-
17.,ft:
30%
53 ¥2..
■448' 8
'
30
v
900
r
,
.
90 /ft
35%
98%
*11%
■
133/4 ftv
15,%.;
913/4
35 ¥4
UV2
8 S/4
'
*90
87%
"
60¥a '
15%.
,
•
'
CVz
29%
.
87%
56%
■
35%
95%
*93 ¥2;
*;
;•
\MV4
¥17%
'>28%
i
95 ¥2
93
'•11%
10%;,
99%
ft-
35
'
353/4
983,4.
¥59*:
ft 17%
5,4
99%;
3544
*90
"56V21: 56r%
r 8% "•
83'4
u,
4
;16% yi65/8
36
.
*13 ¥2
99%
16%
: 93 %
1078»
57"%
^
•
/
35%
95%
16%
35%
.
'•
,
35 5/s
*90%
363%
>'t
14
com—No par
t
97%
57'/i'
''¥:i ;:.C# 8%
-
', 99
35%
*93%
17
91%
•
*91/
35%
97%
Mi-10%
No par
♦
99%.
353/8
95
'
100
No par
61
24%
101 %
22 3/4
coni—No par
L-—No par
—2i
89
159
61
/•♦1300
347/e
*10%: io%,
45%' !45%
1-L„
Corp
$3 prior, preferred
G59
,
62
34%
^
90Va
15¥a
No par
com.
373/4
*104!-!
Inc'— 10c
Aircraft/...
163 ¥2
for
Shares
21%
*70
511/4
5%
1
163%
*61%
,
Sales
the,Week
$ per share
24
*95/8
100
107
-.100
Friday
July 30
.
$ per share
35
23 5/a
.No par
600
413/8
*28%
com—No par
Store*
Cci
72%
34
Ne par
V,ft 50
90%
88
26%
9%
CoiP—3
3,400
21 ¥4
10
r
36 ¥a
140
,'90¥j
900
•ft;: 900
25%
16
3
■
351/4
4,800
"ft
C%
89
16 3/4
24'/4
25
8 % :
"X 140
92
ft
26%
22%
101%
No par
>
*1300
35
16
51
.No par
36%
ft
22 ¥4
15%
99'/4
..No par
•ftft
15%'
.
%
25'/a
16%
com..No par
47
15
26
23
*14%
41'/a
—100
*45
ft
25 ¥4
17
*34
10
23
12
'
.■■■yftft
ft
25
*25
If
900
108 ¥2
77
22%
13%
par
".'ft; 110
25%
16
*70%
'
27%
*73
i
;•/
19%
18 ¥4
*141/2
w—No par
275%
,*107
•
♦
•
Cft
•
200
700
-2,200
*10,300
I* 'i
1-0,100
16% ft"
ft ft T.400
60
29%
54%'
.
J
40
3,500
"
22%
243,4
93/4
85
24%
22%
16
ft 30 ;;
190
■'
1073/s
Thursday
July 29
.
61 ¥4
'*88 ¥4
*16
l
1
"
8%
¥*90%
163
61%
90
19%
8%
36%
»
900 *
.4"' 1.200
PRICES
*161
38
<
393/4
27%
77
i
■ft-
'
♦140". 142
913/4
*1300
90
18%
,l
$ per share
61
83
1073/a
'■
47
15%
?>
July 28
89
24
*81 ¥2
39 ¥4
26%
Wednesday
•40
*22%
8'Va
}>»*160
*■"'*/ 84*
85
/1
1,600 if
1,100 U
,
1G3/B
263/4
¥
142
*90 3/4
SALE
165
61
27%
1
HIGH
G3Q0
393/4
«
Retail
Cooper-Beasemer
.
AND
•
$ per share
613/4
<«•
-400
'
8¥e
108 ¥4
*
*140
913/4
Tuesday
July 27
25%
.—No
6%
142
.
5,200
30 Va
'
90%
t
IC4V2
*61 %
89
Coptinentkl Steel. Corp
JUtt14
55
36%
12 3/8
$3.75 preferred
Continental Diamond Fibre
19% Apr J6
<
164
•
Continental Insurance
—1
if
Continental Motors-/-;/.—1
Continental Gil of Delaware
9
18
36%
*140
91
*1300
Continental Can Ino common——2f
24
69% Jun
STOCK
CLOSED
Grocers
Continental Baking
$5.50 preferred
May 15
363/e
*
*
"
44%
?;
37 ¥4
15%
85/B
27
.preferred//-
July 12
8 5/8
36
$ per share
EXCHANGE
7
Container Corp of America com—20
Ait cumulative
5-
8%
j
4,500
24
43%
30
190
2 7 ¥2
15%
26 ¥2
8%
19,400
ft
28%
23%
-
V'
*107!: 108 ¥2
•
15%
',28%
;
'ft1 *91' ft 105 ft
40 ¥u
*
108 ¥2
26%
?
60%
y
,.
18 ¥4
108%
27 ¥2
15%
10
ft
39
59%
>■ ¥■ ■;*
36 ¥e
*83%
39%
26%
I
37-
•
*160'
,
107 7/s
♦107
«
260
vft
18%
85
26%,
8 5/s
July 26
20
Ohio Elec
I
83
37-
41
15%
..
Monday
$ per share
108%
900
51
4
*37
if.C
8 ¥2
•(
190
27%
100
3%
gj.;,;
30 ¥B
*81
1073/a
•
27
300
"
16%
ft.. 3%
24%
18%
*83¥4
40%
108
*
♦107
253/4
w
Y
Consumers Power Co
$4.50 preferred
13% May 21
63% Jun
1
27
17
N
Consolidated
6
27
Inc^.No par
.j_„_
Consolidated
17
40
3
*49% Mar
Saturday
common—No par
Consolidated Vultee
92
10
-.19% Mar
July
42% Jan
463/4 Feb 11
14
Mar 16
see page 26/
1073/8
36%
*89
No par«
Coppermines
RR
*160
.«
10%
'
16 ¥2
'
'.45
30'ft
*8%
,83
IB %
r'
45 y
U
8 3/a
J
*81
85m-
1534
139%
com—No p*r
South
of
;
•
30%
8%
403/4
*
'4*24
■
200
6,100
3,600
67 >
*10
ftv
2,000
36
'
'.V 37V4 /371/2
40%
2674
5/a
36
com__No par
Cigar...-
Consol
,99% May 25
173/8 July 13
48% Mai; 17
,
2
81,.;
.-'.,*833/4
273%
8%
Corp
.1.32%
Consolidated Laundries, Corp..
I
Consolidated Natural Gas.
15
106% May 25
5
•
J
85
24 3/a
45 -v""
!;81/2
40%
153/e
—100
par
3,000
.
54 ¥a
V 66
5
28 ¥2
29 ¥2
/ *93- ,'/ 105
45
"'30%
.18
8-363/4 $7
,♦160
190
I-.
130
26
I
16% Mar 20
84% MV 23
30% Feb
44
6% May
par
—No par
35% Jun
27
98% July 26
34% July 30
94% Feb 10
.10% Mar 17
104% July
Dec
94
32 % Feb
Jan
,i
>81 ,4
109
27
Preferred called
21
51
9% July 16
Feb
114% Feb
32% May
94 % Dec
*108
:¥■
*24
451/2
303/4
■
100
l_No
——
Ediron
>
,
j
29 ¥s
m*93;'V' 105
' 241/4
*8%;.
-83
40%
—No par
Carbon Co.,
preferred
29
^
.
45 ;•'
8'/2
*833%
oommon.No par
& Southern
Consolidated
27% May 2o
15 ¥4 May 12
12% Mar 31
10% July
12% Jun
.2414
,
.
LOW
Consolidated
29
•
17%
July M
Consolidated
;'M;
29%
100
30%
:
30 3/4
36!%
p
STOCK
Congoleum-Nairn Ipc—
Consol
••
f
♦ 160
No par
com
9,300
35
6^3/^
*45-
preferred series./.
Commonwealth Edison Co
Cond? Nast Publishing Inc
11
•
11
19%
Jun
Xl8% Jun
30
May
30
45Va
-
,7,500
21%
*51'
39%
61
47
;$6
6
*37%
62 5/a
-
*45
preftrred
Commercial Solvents
May 21
6% May 21
2514 July 12
."37%
61%
1
1,700
12,700
45
333/4" 35
¥<50 ¥2
*73
System,
<fe
50 ¥2
77
preferred
Commonw'th
50%
V
*74
preferred—1
($3.60
jui'y 12
107 % July
29
May
Feb
Columbian
32
5
17
12% May
283,4
*93
241/4
—2.50
cum
.
"
73/4 v
10 3/8
37%".
20¥4
3'¥s
39%
50
-
3,900
,
44 ¥4
17%
33/8
77
B
Columbus
¥2 Jun 24
Apr 27
363/8
40
-
29%
¥.
»
Commercial Credit common——i-If
293/8 May 14
11% May 20
11% Mar 16
15%
.'$4.25
7
11
10
Jun
July
10
27% July 20
4% Feb 11
108% Mar
11% May
62 ¥b
V
2nd preferred.—100
non-rum
Class
29% May 26
3
7 ft Feb
Nov
104%
104
106
4% May*
21
2
2
35%
61%
198
*80%
Columbia Broad Sys Inc cl A—2.50
4
10
Nov
.4%
16
21/4 Feb
14% 1 Jan
Apr
621/4
*8
par
1
Colorado & Southern Ry com—100
:4%
non-oum
1st preferred
100
53% July 15
063% jan
33¥s
-«
'
par
Inc
cuni 'conv
5%
15
37% Apr
•
Jan
33%
f
39
7 ¥2
36 ¥4.
yv;
11
*16%
5,400
13% ft
10 ¥4
-
"ft
67
/ *10
,
47
Aikman
Mills
Gas
Jan
8% May
23% May
30
50
39.;
35/8
*74
Fuel & Iron Corp
Pictures
4
Dec
Nov
49%
39i/a
17%
*45
-t—
Columbia
123%
94
Collins &
25
43% Jun
5
23
Feb
25%
491/4
10 3/a
3%
77%
Internet 'Corp
Columbia
78% Jun
27
Feb
36% Jan
26% July
20% May
,
28% Feb
,35%
Colo
103/8
*163/a
.
47
Colgate-PalmoliverPeet
Colonial
10
•
700
¥4J.
19
I 12%
36%
•
.66%
107%
YORK
13% May 21
July'29
62 3/4 Apr 30
39% Aug
36
10'
35%
*45
;
2nd pfd„—...
31% May 12
14% Jun 24
9 V2
Mar
30% May
3%
30%
21
:
$3.50 preferred
^
68
*75%
—-
2
,36% '
l2Va
54
100
Coca-Cola Co (The)
Class A'
18% July 15
17% July 14
32 % May 15
20
10
63
171%
3%
45-
*
Co
preferred
Coca-Cola
361/4
1 67
54
1.800
,
10 ¥2
2d7/«
52%
5,900
11.700
11%
*93/4
18 ¥2
45'ft
3534
7% gtd—»0
stock——50
RR
gtd. 4%
cum
;
'
♦163/8
29'/a
100
com
i
33/8
24V4
-preferred-^--—101
Co
>
68
173/8
*93
k
4—..
52%
37
10 3/a
¥B
'36
300
14 3/a
K
If
.-4,
Co com
P,
68
,
205/8
44%
*35 :'
47
353/4
v
7%
•m
73/8
10¥a
'
10,700
<•
7%
—;
*•
375/a
'21%
46
■
35%
3 6 »/8
67%
61
100
Rv
/•-'
1
July 14
18% Jun
13
'32% Jan
73/e
103/4
37¥4
11%
38 3/8
20%
62%
*51
36%
•
49
Par
20% July 14
13
16%
May
21%
16
11
*
8
11
37%
'i
45Va
35%
£
52%
*37%
101
Corp.
20 ¥a
11
v
¥4
80% ft
29 ¥2
13 ¥4
131/2
73/8
21%
33/8
8.50
com
Molybdenum—-_—^-No
Apr 20
25% May 18
26%.May 21
11
Oct
Feb
13
'
*16%
1
4%
96
July 30
193% Mar 17
135/8
40(!
3734
193/4
12%
400
ft
373/8 ft
V
10%
19 ¥4
-13%
•
*10
1
'
2
July
88
Feb
18
9% May
Elec
.Cluett Peabody & Co
8
1332
10
19%
t
-
45%
35%
67
EXCHANGE
45% Jan
22%
21%
Jt
Bronze
NEW
Jan
34% July 29
20%
May
20%
45
v
36 5/8
_2I
Clinton Industries ;Inc_—^
5
€3% Jun
July 13
Aug
8
443/4
*35
*51
-100
Clopay
5
July 13
183
12%
10%
20
11% ,;ft
ft
29
14%
121/4-
12%
11%
38
Xl4 ¥4
1,600
<.
803/8
7¥a
10%
•
11 ¥4
V
■ft
82
73/8
300
»
24
100 /ft
*98 3/a
38 ¥a
*803/8
193/8
"
8
103/4
373/8
*
16
f
•13%
37
.
20 5/8
1
-
S per share
11
15%
10 34
7%
11
37%
20%
_No par
—
preferred——
Highest
May
16% May
12
8'/a
'
—100
Illuminating com—No
/
-No
& Fitts
Special
,92% May 20
$ per share
105% July
46
A_^
preferred _!
Graph
Range since Jan. 1
Highest
$ per share
May
8
103/4
37
11 ¥2
7 7/a
700 :
1,600
7,300
•
27%
,ft 233/8
"T
29 ¥2
38%
82
75/8
19%
13%
•
STOCKS
Year 1947
Lowest
13 %
373/4
12%
■■
11 ¥2
*28 ¥2
2,500
9%ft
16 ¥2
241/a
12
29%
*803/8
V
v
I6V4
12%
V
12
400
3,600
25¥4
98¥a
130
•
11%'
24%
/•ft' 16¥b
ft'ft 273/8
28%
23 ¥2
98 ¥e
1,400
V 27%
11 ¥4
'
4,300
■!>
ft'
80
ft9%
r;
700
105
':
253/8
17 ¥8
,
28%
233/8
80
10
17
100
*28 3/a
-
7%
19
'
Oil—!__1_10
Louis
Range for Previous
$ per share
13%
——2.10
non-^cum
$4.50
23
147
25
>12%
3,700
31%
7%
.
104 7/a
•
25¥8
17%
233/8
■
11%
10
25%
t
273/4
♦98¥8
1,300
9%
10
*7%
28
11%
10
25
"
•
81
27
17%
r
*10%
y »L0%
2734
! X30
■
.
12
'
10
25
23
143/4
12%:
preference—No par
Pjic RR Co._No par
Equipment Co_;
Cleve Elec
36% May 17
10
153/4
19%
%%
Clark
18% Mar 22
30% Mar 16
C 11%
16 3/a
8 3/8'
93/4
7¥b
7¥B
*104 ¥4.105 ¥4
•y
29
;
16%
3 7 ¥4
i
7%
10 ¥8
po common-—-preferred—,
C C C «& St
7
% Jan
10% Jan
734
36%
73/4
81
100
*113/4
167/a
'
105
18
23
16¥a
37
273/8
'
29
*98%
12%
No par
preferied-—
City Stores
17
35
9
*7%
145/8
Financial Corp__
—No par
City Ice & Fuel—„___No par
City Investing Co common—.
—I
78% May 20
47% May 19
14
14%
108% Jun
2
42%
*82%
C I T
July 12
'
Nov
71
Jan
23%
100
19
—
9
27%
106
80
*23
10 %
4%' preferred
Cincinnati ^filling. Machine Co
14
115%
Jun
176
173/4
700
9%
*801,4
:•'
25
*28
1
Chile Copper Co—
May 24
38
July 12
18%
29
19%
9 7/a
11%
25
19%
9 ¥2
10'/a
*10
17%
50
—
convertible
5% %
4
Nov
Dec
34%
107
21
27% Mar 18
176
$3
Childs
3
34%
Jun
10%
25 »/s
com—50
p
Ry Co cl A
Chickasha Cotton
•
95
May
;
preferred series
Chicago Yellow Cab—
2
84% Apr 20
6
11%
10%
com—No par
40
Conv
May 26
May 17
48% July 8
85
Feb
&, Louis
Chic Rock Is &
27
6
12%
19 ¥4
9%
'104%
28
60
*19
•
9 ¥a
75/8
300
'
6,400
9% '
*.
104%
133
'
29%
.
101 %
12% May
23
20%
Ind
Chrysler Corp
Jan
81
25%
preferred—100
preferred--
Cincinnati Gas
Jan
~
26%
115/8
Chic Milw St
Pauj & P vtc__No par
Series A preferred vtc100
Chicago <fc Northwest, copi—:_No par
! 5% preferred
;
.1—^—100
Chicago Pnpumat Tool com—No par
24
Jun
81
26%
82
17
10
105%
81
fcl%
lu
33
105%
106%
26 %
84
convertible
East 111 RR Co
29% Jun
9
73/4
29
65% Jun
9
*7b/8
13,609
28 Vb
16%
363/e
3.200
.
30 ¥a
9%'.
.
38
4
.
36%
1
,
1
33%
*130
r
19%
,
59
104%
133
110
147
¥2
30
9 7/8
,
36%
734
*28
1043/4
<133
30%
16 ¥a
V-
9%
id
9%
36
*80
16%
:•
*91/2
29
11
26
16%
V *19
-
9%
10
375/a
CJgss. B
3
Jun
42
17
38%
5%
3
63% May
19%
29'/a
Chic
2
Jun
19%
303/4
100
2,000
ft/ 2,600
443/4
32
V
1
19'/a
*9%
*104 ¥4
132
57
34 ¥4
,2.600
7%
'
*145 ¥2
58
120
.
37
...7%
43 ¥2
145
/
2.200
.
16%
*35 ¥2
>
45 ¥a
33%
1041,4
132
30 34
373/4
Chicago Corp (The)
!
Chicago Great West RR Co
xl2% May 18
19% May 27
4% Apr
2
14% Feb 11
3
July 6
46% July
Dec
71
104%
134
*28%
&
45'.
145
153/H
:/'¥
7%
"573,4
105
'
2974
12%
Class A
39% July 12
22
103%
163/8
6
ft
*37
37
•
73/4 '
147
♦
*98%
,3%'i
May 21
49% Mar 20
July
.
*145
*132
*11 ¥4
Chi'c
100
38
16%
58
_1.25
:
900
39
34%
7¥4
—
317/b
45 f
45
V
58
^^No par
29
Feb
preferred
31%
¥•37 ¥
34
*9%
—_Ne par
Paper & Fib com—No par
32
7*%
.
58%
30 ¥a
M05
109 ¥4
38
38
77'e
3474
'•163/4
Co
.
53%
1083,4
16% -16%
.
147
Chesapeake Corp of Virginia—^
5
Chesapeake & Ohio Ry common—25
9
13% July 13
41% July 13
23% July 15
49% July 15
.
15
25% Feb
10%
$4.50
12% July 13
22% July 14
15% July 13
9% Jun 30
4% Mar 16
23% May
13% No.v
Champion
8
Jan
Belt
Shares
„
6
109
'39%
323/4
19%
1
share
6
'¥*31%
5734
355/8
Products——;
45%
♦145
32
*35%
-
7%
30%
Corp—No par
U & H
:
17%
44%
V
:,4
>♦38
134
103
.100
Checker Cab Mfg_
9
July 13
17% July 14
14% May 21
11
4% May
2% Dec
i
Chain
11
May
90
11
Certain-teed
14
45% Jan
11"
9% Feb
-Jan
30
July 19
7% Feb
Dec
4¥» May
?*
80% July 30
Jan
12%
May 24
33
25% Mar 16
37
102% July
7% Feb
5% May
6% May
20
'
Jan
20%
Jan
preferred sfries B vtc-
the Week
.
*108
»
108 %
34%
103 /!
!134
No par
$ per
'
-
for
Sales
Friday
jM|y 30
«,
$ per share
61/4
•
59 %
,
33%
Centpry Bibpon Mills—o par
Cerro de Pasco
Copper Corp
8
6
9% Mar 16
Dec
10% May
23
.
5%
45 3/4
31
.
38
75/b
6
108%
39%
17
147
:v...
31%
*36%
7 5/s
'/a
58
1
:
Central of Ga Ry. Co vtc
Central Hudson
19 % May
100%
44
Agulrr^,/4ug^r;^o^Np,:p*rv:-.
Central Foundry Cp__
17%
*145
:No par
31%
*38
38
7%
,—
22% Feb
Jan
17%
—No par
preferred
31%
39%
*36%
Central/ ill Light 4%.% /pfd-i
100
Central NY Pr Corp 8.40%
pfd_100
t'Central RR .of New. Jersey
100
Central Violeta Sugar Co
9.59
11% May
20% May
21%
31%
100
3
39 ¥4 Jun
15
8 Ve Mar 19
::"35% Mar
1st
'Central-
S3,fttoay 27
,6
23
6%
108'/a
1
8
Jun
6
♦108
25
Thursday
July Ji)
;
$ per share
j.
'
6 3/8
108%
*38
7f/d 2nd. prcferrpd.«..»..,.
- <.100 •
Celotex Corp compion.....^JNo par
5% preferred—!
—*
6
8% Mar
108
4
7% Jan
7
38-s July
2
10% Jun
.
.
10% July 15
12% Jun 30
*
1G% Oct
$4.75
17
,
PRICES
Wednesday
July 28
{
6%
«eries^_—59
preferred
July 27
108%
CLOSE11
10
;
4f»
$ per share
STOCK
EXCHANGE
Celanese Corp of Amer conu-No par
5
-i. 18% Feb
9% July 20
X30July 30
7% Jun .18
11%
'
21
6% Feb 28
.Jan
20% Jan
...
.
preferred
v
par
SALE
Tuesday
$ per share
-5
Caterpillar Tractor
9
34% Jun 25
3
Jan
7%
July .2
May 27
,140
32%
Dec
'
May 15
39% Jun-
*•;
19% May
Conv
8 t
,•147% July 15
19%
£
-100
Ohio
Light—,-No
9
Carriem
May 20
General Corp
52% Jun .-2-Yi Case (J I) Co common
'
130
1
Hy_
^
&
12-w
43 % Jan
6 % Mar
Feb
jnc—-r
Clinch
HIGH
Monday
July 26
,
$ per share
Par
.
Saturday
/. July 24
*
-^Carpenwr 'Steel CO—;
19% May 21 ft Carrier Corp
comman
35% Mar
Jan
v,
fti
/'
Capital Airlines,
Carolina
LOW AND
STOCK
Carolina Power
July 28
41% Jan
.
35% Mar.30
Feb
64'
Dec
32
Marie
Dec
ft% i
8% Mar 22
110% Jun
2
"
158%
.Dec
2
,
32% Mar
14
Oct
,
7%
47
:49'/4 May
17»/4 May
130
'
45
Jan
*97
2
Feb
YORK
.'ft
vv,;.-
STOCK RECORD
-
-
fU
sliare
$ per
18
27% Jan
21%, Oct
May
132
5% Jan
100% Feb
Jan
50%
"'35% May
29 ¥2
$ per share
Jan
39%
NEW
-
Highest
Jan
128
*12'/a May
.
Lowest
$ per share
Dec
102
Range since Jan. 1
>
1453)
***<^
5,400 i
80
:.
COMMERCIAL
THE
(454)
18
YORK
NEW
"
Highest
Lowest
$ per
S per
Jit*.
share
17%
share
Oct
Feb
•
'
68
DM
44
98
6i
Jan
32%
Feb
18 % Feb
Feb
92
Feb *
:
198
s
/
Dee
V
92
59
11)4
Dee
Jan
Feb
95
Oct
30
11
>">•
2
Jan
15
24% Jun
8
Cream
of Wheat Corp
26 ys May 27
Crown
Cork
13
82% Mar
Jan
42
v
11
1
Oct
98
DM
108)4 May : >
22)4 May
108%
Feb
91% Feb
24
103% July 14
130%
Oet
102% Feb
19
129
37V*
Feb
Feb
10
Dee
92
t 34%
82%
Dee
vV
24%
27%
& ' 6% May $
*
Jun
27
7
Feb 11
122% Feb 17
Feb
Deo
*
70
r
Feb
27
42
42
-31%
43V*
31%
100%
100 »/a
116%
ii6ya
24%
24%
72
72
>
*27%
non-cum
:
*160
28
*15%
15%
*19%
20
97
*140
.1
26%
.
•132
109
pfd
10
••10%
*96%
io:>!
^
*57%;
/
.
'
:
*132
42%
•42
30
115
1.16%
*112%
,
*73
V
*140
1417
11%
>28% Y 28%
26%
26
89%
120,900
7,600
,140
.
28 V*
■
1,700
25%
27%
-28%
'
27%
-26%
*132
f. .140
28
26%
•88
200
12
..
27%
27%
,
*132
40
58
11%
;
12
;•
9,700
145
'
•.
140/
*132
>•
*91*%- *92%
26%
'
500
11%
>•56%
57
57
57%." 57%
11% - 12'/a
26%
27%
500
19%
1431'
143
•
100
15
.:
19%
:n >
11%
11%
2,503
10%
88
15
20
*19%
30
4,400
180
88
.
15%
15%
200
"
15%
10%
>89
:
>
;
10%
10%
*86%
1,500
28
♦160
180
7;
*160
11
89
15%
1,180
*
24%
15%
*15% -15%
460
74%
■>.•
28
28
*27
180
.
*73
74%
>.
114
24%
25%
25
73%
141
29
28%
6,003
118
-
28%
28
Me par
800
30%
1Q11A
99%
/25%
400
44%
31%
>
1,200
4,200
21
'
100%
7
3,900
■'
10
"j 24
.
30%
'
.140
34
97%
20%
21%
^ 42%
.11%!.'. 12
■
12
•>•••:/ 26'A i"27
27%
;
140 /■
>
21%
*99%
58
11%
.
24
24%
*24
>
>19-% >19%
,
•
Cutler-Hammer Ine
33% '
97%
34;
'
58%
ll7/e
11%
.1
Class-A....
Cushmaa's Sons Ine T*
141'* / 141
2%
34%
*97
31%
1Q%
19% '
•
1,700
..
100 V*
•86%
•I5,ya
11% >11%'.
143
*57%
Prior
CurtUs-Wright common.
19%
11%
11%
Mo par
preferred—
preferred
'
>
2%
:
44
*160 7
15%-
15 V*
3,500
2%
24 y4
;
89
■
60
4)8
*27%, 28%
15% ,.16v •
;
11
Inc
171%
4Va
99%
-
180
10%
'">86%
*169%
4'/a
la,
31%
•
11
63%
171%
.1
22 Ve
'
3,500
62
62
62%
*169%
10%
•42 7
,
*160
180
98
35 V*
73%
*27%
'15%
*97 "
2%
25
"
97%
98
2Va
117
.
"
'
16%
2,400
19
*97
*97
21%
,
18%
97%
24%
V
•
19%
19%
97ya
74 '
"
430
*97
■
'
25%
25%
*72
53 V*
4
30%
31%
*99% 100%
115
; 117
28*
15%
42
52%
4%
10%
22%
*
1,000
54%
1.2 Va
/a :/ ;
24
24
22
11%
53%
171
*95
10%
Cunningham Drug Stores Ine—.1.19
Pub Co (The) com—Mo pax
137;
July 2-r>
*31% May 26 >
Mar 19
24%
22'/4
Curtis
:
May 7
May 14
12% July 2127% July 29 /'
.
24 Vt
11 %
98
63%
j>
34%
'
-97%
10%
10%
10
11%
4%
35%
'
88
61
13
Jan
.
•
>199-a-
*96 '
•
63%
2%'
•
35
97%
10%
146
>
Feb 11
v 4%
4% May
:.
6% Feb
18%
12% May v ; 21% Dee "
133
132 :Apr-v.
FeP
11%
? -io%;.IW*
y-19% Map/
s
13% July 15
2%
35%
"
170
.*
.4%
*86 ya
Cunto Press
13
24% Jan
.
22'A
(The)
new
■
17% May 18
Mar 11
48
Mar
-
July 30
>18% Feb
NoT~
12 y«
147
Jan
16
-
/
13% May 21
July 30
6 %
2%
-
10 V*
preferred
conv
RR
Cuba
88
-
5 %
;
.
4
Jun
177
9
13
2%
35 Ve
172
'
4%
4
♦95
19%
pfd—.189
Cuban-American Sugar common.. 10
7% preferred
109
Oudahy Packing Co oommon
19
>
4%1t
preferred
106
17
16% May 21
11
10% Mar
81 % Jen
2
Jan
.34
.
Apr 21
185
Mar
19%- Feb -:h .15
'
Oct
113%
Jan
17% Sep
101?
>
Dee
116
12% Feb
Jan >
165
.168
;-Jaa/>
12)4 DM
"•"*
2
26% Mar
Oct
21 ys
13% May >;
v
78V4 Jun
,66% Mar 17
>Jan
96
>
May
Seal
*
172
171
4
•>47%
11%
98
-
*97
>.
63%
62
63%
61%
170 y*
■
*46%
19%
19%
•
*97
98
Crucible Steel of Amer 00m—Mo par
1
34%
•■.M,
*97
_1
14
6.
Apr ► T
26% Mar 16
98
M
America.
of
19%
98
2,500
18
46%
'
541/4
Shares
17%
46%
12
55
•
t«e vVeek
share
18
18
47%
*11%
-
*f 55
19%
*97
.199
Jun
46% Mar
Dee
22
.
common
preferred
Creameries
34% Jun
2
41
'
3%%
20%
98
9
00m—2.58
82 preferred
Mo per
Crown Zellerbach Corp 00m
1
84.20 preferred^
Mo pat
84 2nd preferred
—Mopar
98
.
Co
Crane
11%
*97
199
98
199
1
..
1
28% Jun
Mar 18
17% Feb
Coty International Oorp
2
14
55
*46%
47%
11%
'•*54
54 %
2/; Coty Inc
3% Feb
*46%
t
*97
preferred
7%
39% Jun
,
11%
is Tr
98 Va Jun
'
9% May 13
x21
Jan
;
•
13
Feb
29
47%
11%
CLOSED
preferred
Cum pfd 3%4> ear at 1947
Corn Products Refining som
Mar 19
5% Jan
♦46%
EXCHANGE
,18%.'
18%
18%
18%
$ per
$ per share
$ per share
Sales for
Friday
July SO
July 29
July
$ per share
18%
18J/s
;'3%%
July 21
177
share
STOCK
Works
Glass
Corning
July 2<i
$ per share
Thursday
Wednesday
Tuesday
July 27
20
Corn Exchange Bank
,
1
66% Mar 24
f
6
2% Mar 17
;
Feb
16
Dee
98
Mar 16
4
Mar
40%
91)4
Feb
15
97% July
Apr 30
169
Jan
107
Dee
8
*9
$ per
Oeppenreld Steel Co
Convertible pref 8% series.
Cornell Dubllier Electric Corp
571/4 July 14
23% Jun 11
13
Jan
4%
Deo
8%
Feb
Aug
:
8y»
26 Ye May
97
•
15% Jun
Jan J2
75%
Dee
50
.
Par
share
May 20
48
.
10% Feb 11
105% Jun
0ep
4%
S
105%
Dm
61%
$ per
HIGH SALE PRICES
LOW AND
Monday
Saturday
July 24
STOCK
YORK
EXCHANGE
20% Jun-18
11
42% Mar 24
Feb
:
>
98)4 Deo
170
Feb
NEW
Highest
tper share
13
.
20%
12)4 May
•1% Deo
18% DM
'■
1
since Jan. 1 '/>
Range
;>;>Lowest >
Year 11)47
RECORD
STOCK
'/STOCKS
Previous
Range for
Monday, August-2, 1943
CHRONICLE
* FINANCIAL
1,900
D
:
19%
Aug
90% MOT /
■
,
.
Feb
18 % Feb
14% Oct
:
Dee
82%
9
Dee
35y«
■;
29
14
4101% July
101% July
17% Jan: -ft-,
85
^
Sep
1
13
Aug
/ 51 >May
•9% Dee
20%
■
Jan
11% July 30
15% Jan
;
Feb
20
30
35% Maris
Oct
46'/a Jan
19% Feb
Feb
38%
24
50J/a Jun
10% Feb
7% Feb 11
19% Dee
14% Feb; 11
39% July 15
15% May
-44 % Dee
32V« Mar 16
58
10
21% May 17
4
:
Apr;
Jan
10% May
4?
13% July
10 % Feb
11
17%
Jan
4
26%
22y. Mar 18
16
Oct
Dee
99
;
17%, Mar
42%
Aug
59
Oct
Oct
Jan
22
Apr
47
22% Feb
50
rJan
15%
$
11% May
15% Deo
19%
May
21
.•
Oct
39%
16
til 11% Jun
'. 76
Jan
16% May
'45% May
: 38% f*p
:
98%
14
4104%
Dee
14
May
*t®i:';-vDe#r10% May
14%
Jan
Feb
29
13
Oct
>
2
32% Feb 20
38%!
39
38%
39
38%
39
36%
31
;
'ilOi.
Delaware J^aek:■ A Western^—J6
*30%
30%
preferred
2
12% Mar 11
18 i May 20
1887/a July 9
Mar 18
Jun
28
Feb 11
94
7
Mar 16
13
91
Dee
Apr
Jan
•
48% July
198% Oct
3% 18
25%
Dee
Deo
r3
/Preferred 93.50 serlao
Jun
22
Duquesne Light 5 *
16% Jan
1
27%
$ per
:
share
46% May 15
Bastman
38% Feb
162% Jan
10
12
47% Feb 28
Mar
Mar 16
Feb
'
102
Feb
13
8
24
5% Jan 7 5
43
Feb
20
11
175
Eastern
6%
17
Jun
106
12
Jan
8% Jun
56
IV* %
4%%
'1
42%
158 Va Jun
4
17
preferred
M# par
Me par
11
143% Apr-28
86
preferred
103
*99
v
6%'
7%
50
50%
——Me par
>
59%
'
Jun
16
13
Dec
12% Feb
Jan
12% Jan
11
9% Mar 19
Dee
97% May
38
May
3% Dee
9% Dee
47% May
Apr
107
109
Mar
Feb
22
34
104
Jun
4% Jan
0
11
16% July 12
Feb
Mar
•13%
50% Feb
Feb
9% July 30
Jan
50%
11
64% Mar 13
Feb
24%
>25%
•
X14
Mar 17
7% Mar 17
•
Oct
38
Feb
10
0
Jan
23
■
,»x>r
>
>-.Ja«
vv
40% Mar
31% Feb'
> 'V,
'••4% Mar>
•>r>/4?zz>
iM
:/
>-eo
Ja9>
>
5 % May 28
79% Feb
U % Aug
May
10
Feb
85
Apr
4V* preferred
Equitable
5%
Office
preferred serleo A
Brie A Pittsburgh RR n>
17
Evans Products c<i
Bx-Cell-O
3
TbltortO
lit
"r.^or. footnntes. seepage; 26.
5 % Mar
v->46-.; ';
<
-
14%
V
'
'33
*100%
;4%
/: 15%
Tna
62
62
fet65
mm
* *
>70 >
a
15%
>
:/,!
42
*6y«
9
•>
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54% Jun 10
in* j»a
•,
i\..
■
f-i'j
•'
i-vna
14
24'. Apr
23
Falstaff Brewing Corp
4
11% Jun
16
Farnawerth TelevU'n A Bad Oerp—1
.
69%.
69%
>.68%
69 V*
18%
19 JA
.62
'
•13%
15
/>'•
>
.
15
li
42%
6%
62%
*8%
42%
•6
9%r 10ye
•15
■
•
15%
''6Vi
15%
15%
15%
>9%
•
6'/4
r
9»/4
42%
9%
42% >
42%
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6J/4
-r. iv
i
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9% *" 9%.;
*
'1-
9%*:'" 9%'
4 t -iUl -V vv-x. a
68
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4
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68%
15
9
42%
:*6 -•>
13
15%
33i '"'"•'
33
•100%
4%
'
62%
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6'/a
9 '
14%
8%
42%
42%
15
6%
6
/••••"
400
"
W 70
4%f.v«t
4%
.'•"?'14%
61/*
400
f:
101
'
15%
63%
67
1,100
12,700
1,800
18%V
*15
«
'
>".i
>
67
6%
14%
3,600
16,200
1
155,'a'"
62%*
600
1,100
'
700
■'
■
•
*
1
8%
100
V?.
"- >
2,300
1,300
42% -
100
•>
•
i 47%' 47%
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?22
22 r
48% t
29,-/29% ;
f 'i> 22 V* *
r
-
K>
100%
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'♦63%
*6%: >6%
6V4
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v>
63
■■'h:il2V*
33
->*4!%-'-
63%
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63%/
*
24%
47% *Ki
'•'"17%
15
'i
j.*32
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101
>5 4% >'4%
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15%
15%
15%
*63%'
6%
v-
*100%
v.; 900
>
13%
13%
15 Va
>32 >",'.'a3>"
•♦45
19 >
18%
13%
>15%
l37/a
•
67
500
1,100
15 V4 >*.•"
•
i
63 ■
19
33' ;-l i
1,800
*« >
>
53%
'
69>>J
•"
11,500
139
>>•"'22%
46%
18%)
.
*52%
67
15%
-A!
29y4
'
:
*63
a I
Wajarao bugar Co 01
24
24%
,400
4,400
•
21%
••••>15%
*45 >
>-4%- >4%/
•»
29%
>t*22 V* ? 5 22 Va" V
>.
* 15 V*:
1
-*137/
-
52%
15%
24 Va
.
46ye' .46%
33
•100%: 101
Ji*il]t47t -H48%iii
>•«:
15%
*64 >
,.>>?'
Fairbanks Mem A
52%
.
2,000
154 4 155
156/
f-
139 .4". 139
53
>24
i>;
•: fi
156
"
139
/
2,200
v
1%.
1%
20%
68 >>
i-r- '>
15%
8%
* 1%
.22%
46%.,
15
4
6%
sshange Buffet Ompl
247/s
.>13%
>
...
6 %
a
Corp
.
.15%
•',.
/•.
1%
21%
-67%'
101
ir>t>,4%
t
37
>
*46 >>
•
15% /.
*32%
**'1
36%
37%
*37 >
*65%'
»
18% ;; i/
13%
*15
24
;
67%
?
15
>156
"
15%
15%
67
46 Vs
•
1,
Feb>
>
24%
24%
53
,
-*i5y4
■
g
1
Williams c*yp
Eversharp
15%
*64
»•:
52 V*
52%
-
53
400
7
48%
14%
"
139
-
*
7
48
38
'
155
;> >
X
Eureka
5
49% May
J
1,900
15 V*
'1%
•,>'
)
230
13%
49%
22%
>>
52%
91%
15%
21%
155
,..15*/4
*90
49;
1%
••>
>
*137%- 139
9
—Me par
•37
39
.2,200
-
*99 m 103
7%
♦7
40
2,600
i'
V
-13%;
>
13%
i 103
15ya
15%
15%
15 ye
*37
>154%
,*
v
*99
•
137 V*
9
19g
Bldf
common
14
Jan
11% Jan
>
>,,1.
9,300
>>
:>
49%
49%
154 r , >
67%
:>.*." 18%
a
14
V 20% May
•
t
26% Mar 17
.20/
,
———80
Natural Gas
Erie RR
65% July 15
68 % Apr
9
.50
4
•
,*7'>> .7%
6%
49%
48%
154 >
.
*.13%
i
•91.;'* 103-.
■
137%
V
Empire District Electrle Co—
If
Endlcott Johnson Corp sommoa—J8
Jan
27
10
—
preferred
preferred
Emerson Electric Mff Co
Emerson Radio 8t Phonograph
15% July
15% July
Dec
67
.
39% May
'
20 ys July
4%
i
7
97
5%
common
conv
El Paso
12%
>/.
Mot
7% May
17% Dee
10% Mot
x29% Jun
2
Co
bVt%
76 7. Jun
lT%
i%llay
Elliott
46% July
55 % Feb
Oct
17
■:
Storage Battery
Me par
Elgin National Watch C»__19
27% Jun
46i
49% May
Electric
74% Jun
July 19
166
166
90
>' *7
.
600
41%
41%
'
?
5
90
„
13%
103
Electric Power A Light eom
10
22% July 30
14,000
13%
common.
Feb
9
2,000
*
90%
*99
**9
123% Feb
Jan
-
14%
17%
13%
90
>
13%
•
22%
17
21%
17%
88%
90
13%
21%
66% Jan
166
21
•• :
18 V*
42
166
41%
t
42%
16 %
-
Shares
share
; 14%
21%
21%
166 Vn
$ per
share
for
the Week
July 30
<
90%
13%
22%
19
July 29
Sales
Friday
Thursday
17%
21%
10
200
63%
1%
14% Feb
13%
*13
17%
1%
49 y» Feb
14 V*
62%
1%
Oct
30
*13j/4
18 V*
15%
67%
115%
63
37%
7
*114%
17%
1%
23% July
115%
63 V.
15%
11
500
*114%
18 V*
37%
13% Feb
96%
■ *'
63-
Convertible preferred
Me par
Elec Sc Mus Ind Amer aharee—
139 i-
200
'96%
96%
118
;
17%
Electric
Feb
3,400
118 Ve
97%
118%
62%
16y4 Mar 24
Feb
175%
175
500
18%
37% Jun
July
100
400
15
63
—1.19
300
"15%
18%
11
19%
15%
>180% 182
*118"
r
*17%
•
'
99
15
15%
"
62%
19
171
15%
"
15%
18%
13
156%
Dee
*961/4
*96 y4
>15%
*90
oommon
preferred
Boat
97%
r
63
Feb
10
7,000
>-15 -4
166
32% Feb
2% May 24
26
21%
15%
18
42
,
>1% Feb
24% Mar
Mb
63
25%
'18%
14%
♦
171
Feb
63
if
•i8y4
is •;
18%
Jan
Deo
At
21%
14%
18 V*
>
2t%
$ per
21%
21
15%
-41%
1,100
$ per share
21%
♦166
102
SALE PRICES
:
Wednesday
July 28 is:
$ per share
41%
101%
»14
14
.
3% Jan
Jan
63
14%
July 27/
per share
102%
"a
114% -114 Va
Tuesday >
,
101
25%
*96%"'97%
••
115%
*14
101
*1&%
Co.
Elastic Stop Nut Co
1
Electric Auto-Lite (The)—J
24
Jun
11%
:
115%
•166
aa«
preferred-
preferred
Ekco Products Co
2
971/a'''
97Ve
>*114%
1,600
7,COO
*101%
118 y2
*118
55%
45%
*
184%
183%
118%
5,200
14%
55%
101%
97 >
16%'
'
16%
900
2,300
.45% >: 45%
*15%"' 16
4/183%
yf
97 >
14%
14%
56%
••
14%
35 %
35
101%
-
26%
^96V*
■
15%
182
*118
171
Edison Bros Stores Ina common
19% May 17
92% Jun
1
16% Jan
cumulative
Eaton; Manufacturing
:65% Jun 14
47
n%
***&&
,
30
52
44
47
-
25%
•
•-
500
600
"
103
•
16%
11% May
Deo
r.
96%
16%
35%
*50%
141/4
36"
56
;
16
14%
•
8,300
35%
14%
57
102%
,
39%
Sep
141
139%
96'A '
14%
1.700
16%
»
16%
52
36
15%
15%
"
/ 37"
♦50%
700
>
"
16%
*16%
46
"'45' >
46%
15% y 15%
16%
16%
14%
•45%
1-si-
15%
41V*
at
900
v37
103
26%
14%
18%
CLOSED
Stainless Steel Corp.
Kodak Co eommest
41%
-
•
>102%
15%
<
41%
37
101%
21%
STOCK
'
(
jf
$ per share
EXCHANGE
Feb
13% May
t
'Par
Bastern Airlines Ine.
13
Feb
102
July 26 >
July 24
/
42%
46%
14%
LOW AND HIGH
EXCHANGE
3,400
1
56%
..
*101% -102%
Monday
Saturday
STOCK
NEW YORK
■a|le-Pleher Co—,
82
8%
.
118%
*14
20% May 18
22% Jan
8
17 y4 Feb
111%
115%
25% May 27
Feb
;
4% May
60% May
10% May
lot pfd
,
14%:/.;;
>>?57'*:
.44% '45%
14% m
183
*96%
•
191
,
I.
D w a cigar Corp
116
182 >
19% Feb 17
Feb
7 65%
104 v, Dee
Mo par
„
36%
35%
98
*151/8
*117%
23%
36% >36%
■
—_Mo par
--/ Preferred 84.50 seziee
22%
14%
25%
17
200
23%
52
26'A
*16
13%
46;.
'16
*50%
57
102%
*95%
;—199
.1
Duplan Corp^...—/Mojiar.-*
Du Pont de Nam (B I) A Co oem—99
„
24%
*12%
42%
*14%
102
25%
oommon—.
•14% July 27 v.
16% Mar 16
Feb
109
45%
preferred
cony
Highest
$ per share
57% Deo
.
441/8
*24
13V*
23%
14%
571/4
700
24 V*
24
37
•
1,100
12%
24 ye
*12%
-
13 V*
i
3,400
65
12%
>12% "12%
12 V*
24%
52
•15/
STOCKS
95% Aug
lay*
•
36
14%
102
17
124% Jun
99% Jun
351/4
56
»100
*58%
•*14%
-
•
-
DunhlU ; international
Range since Jan. 1
Lowest
$ per share
■
I
II
65
'
*58%
16% >16%
-161/4 >161/4
*37
♦36
14%
.Me par
Industries
Dresser
July 16
98
'
52
141/4
oommon
6,700
*50%
51
_Mo par
Oo
54%
21
1
,
46
16
.
.Jfepar
Ltd—
6,300
20%
42% I 43 %
..
;>•
•44% '" 46 '
36%
—Mo pat
Aircraft.
36
52%
16%^ 17%
17
36%
34%
54 V*
21
"23%
42%
>17-^
*16i/a
13.25 2nd
*20 / May .1*5
164;
%6%
-84 preferred series
15
21
31'/a Jun *21
>
'36%
53%
21
65 >
24%
241/4,
7,800
21%
*12%
16%
.Mo par
A^
Chemical
Dow
23%
*42
45
"16
1
Douglas
July 12
127/a
V 45-
Corp-Seegrame
Dome Mines
.*48
121/4
24%:.
12%
.500
2,200
11%
•
54%
'. #
12%
121/4
24%
13%
1,500
11,600
46%
46%
-
37-
-
*58%
65
12%
42%
common.
V 21
21 y8'
24
-
24%
16
11
l»% Aug
2
32
53%
54
>
*58%
65
42%
Match
6b ;j?artlc preferred
T Motor Car Co.
Clau
20%
24%
15
Jan> S
Highest
42% May
t-
21%
21
common— -No par
24
Jan
112% Apr
43% May
163
Dee
18%
36
53
class A— —11.99
Feb
12% Feb
•19%' Mar
Jan
68
36%
54%
131/8
Jun
21-
115%
MOT
V
37%
11%
36%
24
CO
Vllblss
Distin
106% Jun
113% Jan
$ per share
14%
11%
10%
•
121/4
-
.
Diamond
106'/a Jun
Year 1947
.
11%
11%
371/4
*58%
,..-,1
r?nrp
19
93
July
Edison
Range for Previous
(v
31%
47
31
47%
53%
Detroit Hillsdale A B W BR Co—191
67% Apr
Feb
Lowest
16
31%
46%
311"
46%
11%
,
40
9
"Feb
129% Au«
107% 8ep
* Dee
19%
•
47% ",47%
11%
11%
*31
31
46%
11%
46%
Escrow ctfs for eoi
Diamond
5
Dee
197
Deo
91%. Dee
-110% Sep
!
10
36%
r
■
Delaware A. Hudson
Dr. Pepper Co.
Doehler-JarTis Corp.
;Feb'l3
97
90
Feb
17% Not
,
14
14% Jun 22
19
May
118 %
39%
Apr 21
98%
Not
173
*38%
38%
staphs
Dlvco Corp.
33
;
-
v
35'/a'
Dixie Cup Co
93
4,500
35
2
•56
1,900
9%
35
2
19% July
Jun
41*.
•11%
9%
9-%
35
Devoe A Raynolds
*19 % May 21
8
47% "Jen
.114% Feb
Dee
i 91%
.
42% July
-
■
July 19
47% Mar
65% Oct
Feb
Mar it
-
29% Feb
11%
12
9%
9%
36%
De
„
90'2
9%
n«trr.1f
10
Jun
46
89'/a
*88'/a
11%
■
40
*88%
36%
Detroit-Michigan BbTi Co
19% May 26
"
:
12%
♦12%
2,200
/
38
90%
88
*88%
•
30%
29%
30%
29%
•
10%
46% July 29
14% Mar 12
Oct
Sep
34
; 19 % Dee
18% May
:
•
90%
100
3,300
36%
Detroit
<
16% Jan ?10
28% Jun
2
13
Feb
13
18 V* Jan
40%
May
49
30
/ 89 %
"".I
26 #
>
V-
Escrow ctfs for pft
9
15% July 30
38
24% Feb
Deo
15
25%
36 % *
>
137/o May 24
i26. Jun
1
s
17 y*
26%
17%
36%
July 15
60Va Jan
35% Mar 12
.Jan
,42% Nov
,
12% Mar 30
'
31%; Feb
20% May
,
17%
*88
12%
12%
12%
10%/10%
12%
•
17%
?5%
7*88%
90%
*88%
91
?'"17%
29%
;
89%
x
923,i
26% '26%
29%
f
♦15% >16
*17%
*17-
7;'-- 17%'
25%
■
♦91
16
Denver A Rio Qrande Weet RB
9
6
20%
V.
•
,13% July 12
6% May
*
♦88 >
92%
36%
7b
34% May 24
•
,
38% Jan 30
45 y* Mar
29%
88
*17
26%
1
"
>
30
88
*88%
-—90a
Dayton Rubber Ge
5 :=
15
Jun
42
26%
29%
f
.
series B—1—109
Preferred 3/75 b
1
26%
25%
*17
.106
Preferred 3.76b aeries A
9 :''- DeccaRecords Int;....
Deep Rock OU Corp
vDeers
2
13% Jan
9
9% May
>
.
*15%
7 92%
*15% -16
16%
16%
17%
15 Vz
25%
26%
•9iy
*15%
27 V*
26%
*91 f
-
'
♦
-1
8% July
Feb
46%
5
12% May
Dayton Pwr A Light eommen
.
10
Jun
94
9
45%: Oct
4
%
Davison Chxmteal Corp (Tlxe)
17
Jun
94
*
-
.
31% July;12
1
196
1.96
It
1
7
striae A_
pfd 3%%
Davega Stores Oorp eommoo
.5% preferred
-
84
Deo i
K11% Sep :j. 4 13% Feb
11
Jan.
<64
Cum
24
"
>
Dana Oorp eommoa.
.
28% July; 14
.
24% Feb: 29
jan
10
20% Jan .3'
•.
'
16% Jan
14
4
13% Mar
15
..
30% Jun
'. 94'/2 Jun
Mar 16
v
87% Mar
Sep
13%:. Oct-
97
'
14% May
;
id
16%- Sep
■(47/-1;
C 29%-
30'5
22 f
9%,;
47
»i.-v >>
500
'"29%f>30% i/1 r' 4.000
Sc.*22V*|' 22y4V'}i: >•'
600
26-200
u
Number 4721
168
Volume
THE COMMERCIAL * FINANCIAL CHRONICLE
Range for Previous
$ per share
$ per
9% May
19
.14%
!
28% July
Jun
90 / Feb n9
10% May
20
26%
Jan
.69%
Feb
.
46% May
l8<
Jun
Peoerai seining *
53% Feb
Feb
11
Aug
104
Feb
j
28
.42
24% Jun
26 % Jun
14
•
r
68<
;
Foil
-
Dec
49% Mar 16
1
Jan'
14% Feb
34
39%
110%
Oct
91% Feb 11
May
K
Deo
30
May
13
Deo.
It
Dec
-
Feb
14% Mar 19
■
23% Feb
33'
JUO-
Feb
Feb
3
19% May
33% May
32%
Dec
24% Feb 27
'36%
Jan
22
12% May
i 25%
Jan
8% Apr
6
~36%May
60%
Feb
35% Feb
105
13
18
<
Nov
22;
Jan
10
Dec
39
Jan
17
Dec
103% Mar
3%%
(now)
Sugar
Storoo
77% Mar 29
24% Jan
83%
II
Jun
4%
eaaa
21%
21% -21%
61%
61%
49%
49
49% t
49 %
49%
106%
3,300
A
,
•101 Va
14%
14%
*14%
400
1,700
2,600
.
•106
106 %
200
v.
500
57%
57%
20
18%
18%
500
35 V*
7,000
57 Va
-
101 %
101-3
33%
32%
32%
14V*
15
35%
102%
33
;
33%.
15
14%
13
280
•'
600
*•
3,300
15%
*15
14%
15%
15%
15
15
15
30
30%
30
30%
30 Va
30%
29%
30 V*
30-
29%
11%
11V*
llVa
11%
11%
11%
11 Va
11%
10%
11
1/14%
;Al5%
40
•100%
40
35%
40
102
•
102
__No par
14
1
9
38%
>
99
5,000
-
900
39
99
39%
100 Va
35 »A
34%,
34%
*23%
23%
23 Va
23%
13%.
13%
*13%
14%.
1'3%
137/o
13%
9%
9%
8%
8%
2,500
250
-
*8%
35
43%
:
'
9%
34
•
2,800
23%
23%
120
f
13%
•
1,100
400
*10%
22
21%
83%
83%
43%
43%
42%
43
11
11
•lO'/a
33%
10%
10%
10%
10%
21%
21%
21%
20%
21%
3,200
85
83%
83 V*
: 20
44
43%
44%:
22
85
•83%
'
23%
35.,
.
*9
v
11
21%
39%
100%
102
21%
•10%
40%
'
102
600
15
-
23%
44%
•43%
40
40%
1
14%
9
•15
102
35
36%
,
•23%" 23%
199
i
v.
.
•101
34-
33%
i
<
35
102%
34
102%
33 Va
106 7/a
57%
♦19%
35%
*101%
46%
•1C6
-
35 %■
33
33
19
preferred
35%,
60%
48
'
19
*18%
18%
101 Va
58
58
•
18Va
*101%
,39.
Corp
59
*58
59%
0
600
.
>.<
22
61
49
22%
70
v
A
22
22%
60 Va
48%
*
J-
107 Va
*106
107
106%
'
23
*22%
23
*22%
35Vt
Fruobauf
■
*21%
61%
•
35%=
Froeport Sulphur Co__
10
Froedtert Grain to
Malting Co Ino.l
Trailer Co common
1
:/5v
21%
61%
.19
Franklin
12% May 18
•
21%
62'A
109
pfd
Co
28%
96%
22%
19
1
Franclooo
1
27%
96%
21%
59
if
16% May 21
May 15
1,400
b%
28%
97%
'
No par
Corp
CUM cenv
8%
28%
*96%
21%
35 Va
7%
Poster-Wheeler Corp comraom.
9% prior preferred—
;
47% Jun
17% Mar 12
Feb
21
•*'
9
300
i.4oo
28%
22
•58
No par
10
12% Feb 20
18%
Stool
^8%
10,500
;
97%
98 '
•105 Va
w par
Food Fair Storoo Inc
Food Machinory Corp
9
16 "n
28%
28'A
*96'/a
l'
(.■
14%
16%
41
*39
17%
•96%
28% v
28%
96%
•18 Va
36% May 21
25% Jan
5
MarlO
11%
-109
-No par
No par
Folianoboo
14
Jun
9%
;
Shares
'
-
Povir Corp
Floxohoim Shoo clan A,
12
47% Jun
24
89
July
a*?:., 9
60 Va
.19
Florida
12% May 24
17
share
14%
14%
15%
:4 40
39
17%
22
oom.
Floronoo Steve Co
6
40% Jan
•
Rubbor
(The) Carpet Co
FHatkoto Co (Tho) oommen
94 profomA
14
21% Jan
11
9% Mar 17
Feb
>'
•
$ per
for
Sales
the Week
July 30
share
per
39
17 Va
28 Va
Firth
May 27
36% May 26
15% Jun 24.
26
21
Tiro to
preferred.
National Storoo.
Flrat
X104
26
Feb
•
16%
*
12% Feb
30
•
Aug;
40% Dec
May
91
Jan;
24
May
x9t
Jan
17%
14% Jan
I
Feb
41%
;
9%
9%
ft-''
96 Va
>
B
4%%
59% July 12 '
.42% Jun
18
49%
Mfg Ca__
Corp.
Flreetene
vi 20% July 12
v
'9'/4
14%
14%
♦38Va
39
•17%
22%
Torrent
Fidelity Fhen Fire Ino N Y.
7
62%
2i y4
20
to
9
i
-No par
•38%
17%
&
$ per share
14%
14%
39
17%
Federated Dopt IUtm eon—No par
4%t convertible preferred
190
May 28
11% May
14% May
*38%
CLOSED
"
Friday
Thursday
July 4j
Juiy '46
$ per share
147/8
14%
EXCHANGE
PRICES
Wednesday
?
•
" Jun- 29-
107% Jun
$ per share
..BTOCK
an siting
Federal Motor Truok.
1
•53
1
July »7
SALE
.Tuesday
Juiy 26
Sper share
Federal-Mogul Oorp
15
HIGH
AND
Monday
July 84
Fedders-Qulgan^ Oorp.
3
99% Jun
•
•
18% Mar 17
<
Feb
61
S% Sep
Jun
-
10
Feb
■
107%
'
43
1
*U
•
Feb
Saturday
Par
20% May 22
8% Mar 11 •'••V. 12% May 18
20% Feb 10
31% May 14
107%
Deo
15% Jun
*
:'■■■
11
16 v Mar 11
Feb
LOW
STOCK
EXCHANGE
,;
$ per share
Feb 20
35% Feb
26%
Apr
91% DM .
SO
•
23 V* July
Deo
^
■kit
Dec
42% Mar >:
May
16%
NEW YORK
x.
Highest;
t per share
share
14%
lift Dm
33
Range since Jan. 1
Lowest
Highest
-
STOCKS
y
Year 11)47
Lowest
19
(455)
♦83 Va
85
*83 Va
■
1,300
1
-
200
'•'- K--
S% Deo
17% Feb
10% Oct
8% May
Jun
18%
21
t% Mar 16
7% Feb
Jan
10% May 21
10% May 22
11
18% July 30
20
Jan
12% May
14% May
<17%
Feb
12% Feb 27
22%
Dec
18
13
9%
Feb
6% Feb 11
SO
Jan
5
9% May 20
45 ; May 20
18% Feb
26% May >4
18% May 15
43% Feb
23% Dec
14% May
10% May
100
Dec
9%
Oct
68%
Dec
11
185
Dec
t
Apr
37
Feb
47%
33
9% Feb
15
Jun
24
Jan
2
144
Jan
28
July 29
conv
1%
39%
Feb
31% Mar 11
43
May 27
General
Jan
34
Mar 19
41
Jun
General
103
Aug
16% Mar
88% Jan
54% July
131 % Feb
40% Feb
Dec
96
2
8
123
Dec
100
Deo
X122
91% Jan
120%
129
119% Feb
19
Sep
93% Feb
17
12% Mar 17
20%
11%
Oct
140
•
3% May
18% May
26
36%
Apr
36%
Oct
Dec
Jan
35%
19%
Apr
98
26
Dec
Feb
,
106
21% May
Feb
15% Jun
29
Apr
31% Jan
Deo
108
Jan
96
91
NOV
99
Fab
71% Jan
..
38 '
Feb 16'
90
21
Jun
4%*
63.75
Range since
Lowest
Highest
$ per share
33% May
90
Dec
$ per share
36% Dec
105%
..
17% May
27% Fbb
Jan
90
Feb
17% Feb
Jan
79 ;
26%
Nov
21
Mar 17
51% May
58
Sep
48% Feb 27
6% May
104% Jun
7
Feb
22%
It
Dec
Dec
21
49
103
124
*•
Dec
-
Dec
4
Oct
.
33
Jun
99%
•
113
Feb
;
71%
106
Mar
.
Feb
-
Dec
109
Aug
96% Mar 18
24
Jan
16% Feb
May
6%
Oct
41
5% Feb
21%
Oct
33
Jan
24
Feb
16
>
90
Dec
107
Mar
90
Feb
9
May
14%
Feb
28
Dec
37%
Feb
K
12
Dec
<
I
20
1:5'
Oct
Dec
> };
U
92
Dec
——«•
'
>'
14%
))/,31%May;;
51.
•.
57% Apr
13%
...
Jan
22
Feb
27
60 i
145% Jun
mi" Kl
:
rr«'
'}'h
i.
_
i
.
.
Dm
14
!■•
13
Dec
87%
Apr
10
77
Jan
27
29% Feb
21
40% Jun
9
14
Mar 16
17% May 17
16
Felt:
13% May 17
•
y
91% Apr
16
21% July 27
6% MM* 9
98
85;
97 ;
Feb
7
J2% Feb 11
Oet
-28% May,
4
9
Jun 14
July 21-
20% Jun
23
10
58% Jun
16
81;
21
3
Jun
18% July ,9
"
•123
*123 :
123%
106'A
*103
106 %
62%
121%
*96%
,
97%
*96%
20%, '121
20%
#t:
"
3%
13%"
24
1
!
24
28%
27
27
124
25%
.
,
25'/a
25%
♦26%
25%
*27%
27%
101%'
*100%
24%
24%
24%
*86%
88
•80
81
25
28
101%
9,000
Saturday
Pat
26%
•
27
:
26%
9
25 yB
24%
*27% r 27Va
*100%;101Va
26'/a
101%
24%
4,000
27 Va
*100%
25
25
.
24%
*86%.
88
*86%
83
*86%
*80
81
*80
81
HIGH
1,200
88
91%
92
20
20
20%
82
82
24%
24%
24%
24%
*52%
55%
5%
56
5%
l
5%
_100
*117%
•21%
21%
21%
59%
59%
58%
No par
No par
.
119
103
No per
No par
—No par
com
103
43 Va
19'A
f
•
117%' 117%
-
58
58%
57
57%
56
56%
4,200
103
♦102
103%
43%
43%
♦102 V*
44 V*
♦6%
4?
7
.No par
No par
«
14
14 '/a
'45 »A
*
(
6%
38%
38%
30%
30%
30%
30%
30 V*
•30
28%
28
28
27%
27%
27
-
•
*70
♦96V*
96%
12%
-39%
'■
96%
96%
'21 Va
•
21%
140%
36%
♦70
*14%
15%
11%
12%
95%-
72
36
96Va
.-'♦14%
44%
45%
20%
72 :
15
:
:
■
preferred—
9
199
newi
10
common—
1
.22
■■
,
r
23
<
•
:
.
12 Va
•?
112
*
:
12%
4:, 200
1,800
.«
140 V*'
•
-95 V*
95 Va
22 %
<
22%
7Va '
7%
36 V*
36
14%
14%
*14%
11%
<12%
11%
12%/4
:*95Va'
,96 Va
95%
95%-
147/a
21%
•22%
22%
80
1,200
f
•v
A:
72
1
,
200
4,200
100
«<
,
ii%
?95Va 1.96%'
22 V* ;i
21%
4
tr.
1-7,000
<
.
22
,
100
4,000
•
'
7%"
preferred—
No par
Gulf Mobile * Ohio RR com.No
par
85 preferred——
.No per
Gulf Oil Oorp
Owlf State# Utilities
•••'
•
260
700
a
..;
.
A} it.utyi
—
<
1
,
•V.v'
14 V*'A
207/a
140
*70
36%
f
44%"
20%;
■
72
35%
36%
*14%:
15}
*70
•
••V?44'-,:
20%
36%
2,500
96 V*
■
,14
140 Va
.*70 .v:
■
t
12 Va
140%
r
2,700
38
21%
r-
('•;?<-
27%
%
200
30
38
140 V*
21
1,100
f
96
14'/a:
.45%
-
13,700
.'...
;;••
12%:
140 V*
•<
36
li.
.
14 f
14%
-•44%
'
k.
♦140
•14 Va
7
12%
,
V 1,200
e,
39%
96%
*38
39%
6%
39
12%
12%
12%
*38
-
45
44% c
.
■
72
*35%
1
*38-
6,100
:eoo
c
*38
-14 Va ?" 14 Va
140 Va
109
20%
3Va
*6%
12%
21%
140 Va
*'19%
4 Va
•
39%
96%
45%
1-21%
;iot
20%
700
43%
103%
39%
^
Va
No par
42 Va
104
*19%
4Vb
103
103
*102%
43%
104
20
'
103':-
43%
104
6%
39%
12%
39%
%
30
1,100
59
'
.*38
4
1,700
119
21 Va
4
96%
12%
No par
5%
21'
20
28
3,300
55
*117%
30
28%
23 V*
5%
21%
4%
v
(The)—
Corp
5%
300
21%
=
20%
30%
96%
119
23 V*
*52%
55%
*5%
3,100
21%.
6%
30
28%
•118
*80
*37%
39%
No par
8
24
24
*53
Shares
33
21%
4
7
6%
100
86
5'A
20%
*37
8,500
86
*80
56%
•103
4%'
20
24%
103 Va
20
4
91%
19%
5%
102%
I 42%
102%
43%
102%
102%
91%
23%
119
•117%
92
20
*53 Va
.
21%
5%
33%
19%
92
20%
$ per share
32 V*
♦91%
91%
82
for
the Week
■
33%
34 V*
*80
July 30
July 2.*
34
82
.
Sales
Friday-
$ per share
$ per share
34%,
20%
*53
Thursday
Juiy 45
34%
V*
- /,
PRICES
Wednesday
92
♦79
No par
50
com
SALE
$ per share
20 Va
1,200
■
>.
*80 A» ,81
34%
*91
500
y:0,90 f
'
24 Va
25 Va
81
$ per share
CLOSED
; 2,800
,
124%
*80
tper share
EXCHANGE
5,100
,
*122Va
♦86%
Tuesday
July 27
34%
1.200
i,,
5Va
88
Monday
July 26
STOCK
9,700
.
127
4%
27%
1.900
23 V*
22%
125%
25
.
2,700
13%
*125Va
27 Va
27
25%
27%
100%
*24 %
27
900
3%
.13%
^
5
*123
i,2oo
13
>3%
■
23%
S
6oo
r
■
20
v
3%
13%
23%
:
c
14%
•125% 127
27%
124
28
•27%
.
5 Va
28
124
♦100% 101
S
13%
24%
,
*27 Va
25%
13%
127
5
26%
_l§
Common
conv
♦24 %
124
July 24
Ort Prop
Guantaiouao dugar
I
200
36,600
i»/%
*96%
,
•
is
3%1;
2,3oo
,^':.'50:-
121% 121%
97 V*
*14%:
:
63
20%; 2C%
-
14%
v
102
61%
is15.--
;^P%
.8,200
..
*121.:,. 122%
122
97%v
14%
•125%
28%
26%
124
121%
97%
13%
5%
27%
122
f
200
48
63%
.
3,400
10
102
70
25,600
-vl'
pfd
Aircraft
300
700
:
94
47'/a
.106;
62%
63%
3%
127
5
*92%
123 Va
:.
20%
24%
125%
5'/a
*102
:14% f
13%
*23%
127
124
Greenfield Tap 6k Die Corp_No par
65
13%
♦122
:
V 9%
9% i.10%
48 V*
14%
97
3% "r 3%
i3%;
■
48
106
122
mtt
H%
130;
123;
;
62%
97%
.15%
*14%
,14 n.
'
63%
122%
121%
„
14%
No par
;
62%
63%
121 %
^Nopar
preferred
Green Bay to Western RR
Green (H L) Co Inc
4%#
21
*102
1%
Grumman
43%
123
*103
»t'
v
r.
eg
7
'1
.
18%-;
xu;17% V. 18% (i!
53%:
53 Va,
•'-•■53% s:53%"<
-*96%
,17% :17%;
i;-.
■u
73
■r
'l
17%
73V*. .<74%:i
1...
„,
•'
96% -
17%
..
.
; i:
96%
,
•
;
•J
17%;
53%
74 %
74
.?17%-A 18a?
.
•''
k..
18:
•'
•52 Va
( 74 %
17% A.
:
•?95;V.;j '.. 97%'
97%
.v
*
.:..i
6%:
*95
<'7 >
l
:
*
6%'
l
6%
U
16%
"'54'A
53
'
53%
71%' <74?'17%,-. -18%
98 V*#'
54V*er
70%
1
17%
•
s-
V? 100
11,000
V
A
72
17%
2,100
„
17%^'-.
800
16,200
-
V
5,900
w"
*•
v
,;j
*95
<18
17%
•
.
97 Va
:
■'
H
Jan
81
Feb
12% Mar
Feb
13% Mar 3
79
Mar 22
Feb
10
9
Sep
Xl01% Feb
10
27%
Dec
21% Feb
24
160
Jun
25% July 12
10
Jan
108%
<
>48%
No par
Greyhound Corp
=.-?
Feb
14:
Jan
<
,
57% Feb
112
Dec
:
44-
19%
19% Apr
148%
6
19
r
Deo
102%
j >
**
11%
49%
123%
LOW AND
Northern Ry 6* pfd
Great Western Sugar com
&•}
39
Jun
•.
••
■
•'
t,-
17
Dec
"£.16% Sep
94
49
11%
199
com
F)
conv
20
Dec
f.
;«5 75%
Deo
62.25 cum
132
Feb
*92%
11
48%
*93%
94%
11 Va
48%
Inc
Gt Nothern Iron
Feb
93%
10%
~
*93%
28%
Qt
•;
93 Va
11%
49
550
38
94%
9,200
38Va
38
3%% preferred
,—109
Grayson-Roblnson Stores com
1
f.
15% May 21
o% Jan
05
Deo
,/
May
j5; ,6% May
))';
.$
—
1
July 14
50% May 15
23 % Jun
1
Dec
105%
>
4% May
78
i
>
40
."i
-J
12
July
m"
»>>$■
Jun 15
13% Jun
19
35% Aug
21% Mar
37 Ve<
39
5%
City Stool
(I T) Oo common..
11
Feb
39%
38%
•125%
Granite
12% Jan
Jan
70
38%
39 Va
No per
Hosiery
36% Feb
27% Mar
40%
38%
STOCK
14
99
t
130%
39%
lam
Grand Union Co
>■)!„
9
•
9% Mar 16
Mar 27
29
130%
39
Granby Consol M 8 6k F
Grant
130
40 Va
—
23
May 26
21%
38%
eosa_
21
31 '
42 Va
21%
<12
13'A ,13%
39%
pfd—No par
33 % Jun
,
*39 Va
22
12 v
39 %
Graham-Palfe iiAtore
Sep
163%
May
14%
.
'
Deo.
29%
v
8% Apr
Gotham
42
*21%
l.Ioo
*79% 4 80
40
199
65 preferred
Feb
-v
49%
Dec
J133
|' ) ) 59
j.
V.
17
34% May
t
>f
2
80
39
—No par
41% Jun
26
V}
•
5% Jan
17
Dec
•
•
23% Jun .14-
13%
80,
40%
*
Goodyear Tire 6k Rub
3
12%
13%
80
39%
——lOe
preferred
(B
65 preferred-
12%
13%
79%
131%
Brewing Co_:
Gold 6k Stock Telegraph Co
16
12%
13%
I
131%
Goebei
Goodrich Co
May 21
47% May 20
25% Feb 14
18
Feb 11
23%
oonv
12%
12
131%
common
Goodall-Sanford
104% Jun
•
3% Feb 27
Jan
Brothers
64
11
12% May
>
22
103-Jun
38% Mar 17
8% Mar
' Jun
80
131%
'
4%%
6
0
'
Dec
31
Feb
8%
'
13%
80
3,300
155
132%
100
64.50 preferred
Glldden Oo (The)
100
10%
*152
155
•131%
-No par
■
24% May 17
47% Mar 16
Dec
3
May 18
121% Apr
94% Mar 11
41%
3
28
18
13% May
61%
13%
10%
10%
*152
155
21
Gimbel
May 15
55% July
6 - Jan
1
95
!,
11%
10%
10%
10%
*42
Gillette Safety Baser com
-No par
65 oonv preference——No par
85% Jun
MarlO
19% Feb
July
14
2,600
106
21%
25
Apr 30
85
200
53
.
*104
43%
39% May 21
96% Jun
2
Apr 26
52%
106
21%
EXCHANGE
$ per share
13
2,900
2,200
106
♦40%
<.19
i
NEW YORK
,
53%
*104
106
*152
13%
•40
'
$6
inferred:
Jan. 1
Highest
10%
155
12
13%
STOCKS
Year 1947
$ per share
10%
80
12
100
Refractories—
Range for Previous
Lowest
22'A
" 16Va
:
21%
preferred
82% May 19
16
43%
preferred
4%
200
*104%
106
53%
54
54
*103%
I
series
Gee Tire * Rubber Ce
May 12
53%
103%
•152
155
*79%
✓
Telephone Corp
;_20
Gen Time Instr Corp com—No par
17
53%
10%
10%
General
101% May 22
37%
21%
preferred
General Shoe Corp
Gen Steel Castings
12
16%
*104
106
No par
Railway Signal com
■ preferred
Realty to Utilities-^-
General
July 8
i 29% May 18
30% May
6
98% Apr
»
22% Feb 14
t5*
6%
Gen
♦104
105
103%
106
•152
■
Outdoor Advertising
No par
General Portland Cement Oo
1
Gen Precision Equip Corp
No par
Oen Public Service
10#
Gen Publlo Utilities
Corp
_•
29
130 ;
13
Preferred
2,600
21%
22%
16%
16%
700
8Va
37%
;
3y
22%
22%
16%
200
7Va
"
Gen
Gen
May 18
6% May 24
30% Jun 14
24% July 30
22% Feb 11
40% Feb
24
128% Jan
12'
110% Feb
Jan
30
1
22
22% Feb 11
124% Jan
l
10
♦38
40
22%
16%
8%
8%
40
22%
16%
'•105
54%
53%
No par
common
oonv
22%
16%
106
*103%
preferredL———^
3%%
40%
*19
No par
General Motors Oorp com
96 preferred
22% July 15
18% May 27
4% May 21
9
'21% Mar 16
124 & -May 12
4% Mar 11
Feb
29%
Mar
24
-
99% Jun 14
3% Feb II
11% Jan
Feb
'
6%
May
101%
14
Jun
17% Jun
10% Feb 11
■
16% Jan
31% Feb
May
126
Feb
4% Feb.
?,
Dec
19
Dec
26.
Dec
2% May
'
14
3
*39%
8%
.*16%
8
'
_No par
Mills
Jun
8%
22%
16%
♦104%
80
Instrument Corp
63.50
8%
41
22%
1
19
19
8
8%
No per
com
General
125% Jun
.
■
com
Co
Corp
preferred
General
65
Jan
•39%
,
.
100
2
60% Mar 16
Mar
8%
com
17
108
19%
:
8%
•
Jun
Feb 10
107%
Dec
13% May
18% Oct
13%
97
65% Feb
Dec
94
118% Feb 25
Feb
19
1.66%
13% Jun
*
1*
17
18%
^50
60% May 15
128 Va Jun
2
Mar 13
9
16 %
com——1
Ino
Inc
Foods
May
*
19%
preferred
Electric
45%
Dec
10%
43
17
8
17
19%
preferred
Deo
«7
*16%
17
Corp—
General Cigar Co
.
19
8%
16'%
loo
2nd
16%
18%
8%
*18%
No par
preferred____________10e
May
34%
6.
4*
16%
19%
8%
8%
18%
General Cable Corp com
44% July 15
20% Feb 27
130
200
17
8%
*18%
Amer Transportation
8
pfd series A
No par
General Baking Oo common
I
68 preferred
No par
;■
1,000
7,100
18%
8%
8%
18%
$4.25
4$','.-lit
8%
18 Va v
8%
•18%
No par
American Investors
General Bronse
8%
8%
18%
General
21
34 % Mar 10
Jan
Industries
8%
8Va
8%
18%
•7%
No par
—
$4.50 preferred
July 14
82
,
8%
8
1
■
conv
General
3
11
1
?9
com
preferred
Gaylord Container Corp
May 12
14% May
Wood
4%%
30
Apr 22
73
Feb
160
1
Apr
Gar
11 Va July 13
159
Jun
1
9% Mar 17
Feb
Dec
Dec
32
146
Jan
83% July
Sep
23%
137
106
(The)
Gardner-Denver Co
63% May 15
6
8% Feb 28
July
14%
May
71
100% Jan
Feb
18%
105% Jun
50% Mar 11
Dec
13%
13
11% Feb 13
99% Mar 24
Oct
102
Oct
149%
.
Jan
Apr
zlOl
16
109
Nov
48
Feb
Oo
6%preferred
Gamewell Co (Hie)
17% July 21
23% Jun 16
4% July
26% Aug
-
Gabriel
Galr Co Ino (Robert)
5
<Jan
146% July 30
,u39% Jan
,..27% Mar 10
y!qr,tQ^&ipjgg'.;gi^g.pjigtik26. ,'v, ..J
35
Apr
10
Raokaasaok
16% May 22
X14% May 21
89 - Jan 12
107
Water—
33%
Hall
Hanna
.
27 %
Jun
16
Jitn<
:
150% Jan
9
28
34% May 15
(W F) Printing Ce_
Hamilton Watch Co oom.
14%
No par
*14
4% eonv preferred
,106
(M A) Go 84.26
pfd—NjLpar
Harbison-Walk Refrao eosa^-Wpar
4%- preferred—
199
•
—
Hart, Sohaffaee
6k. Marx—.
*81
19
•
f
r.
t*
14%
•
25%
>29 Va
84
..
?
'Wi
106%
r
-
14 V*
84
106
25%
;• *23'%'
> ^146%
30' rA
^?»29 5
84-
106
2$Vt |
t*32%
34%
14
35
14%
14 V*
14%
14%
*106
4*
'
*33
33%
14
14%
14 Va
13%
13%
13%
13%
13%
*13%
*32%
v
*82
:
106%
34%
,
84
106 Va
24%%: 25.|i;
>i46%a&a.^;
f 30% t? 30%
*83
86
106%
106 Va
"he 24.%, * i'2 5<' ir' :
■
*146%.
182,:
j?;0O%i'3O%
T^~
*32%
.
*81
14
<7W;.*wv®rA.t-w-vivrv
UJb.-i;
I-. #c.v;=
1,300
500
14 Va
.,.
105%
20
85
106%
•t/70-
S&12W 24%|» A
11,200
tsfU'i
d»T4eVii.l46Vai*\
^—29%.
srt~af#
.
400
34%
30%...
•
30
500
m-H—
s
-rr
20
NEW
Range for Previous
.
Year 1947
L(JWest
$ per
Upttr Share
6% May
i»;.
Apr
:12-
Feb:
81; May
4% May
23
M
90
Dec
33
May
X93
Dec
49%
140
Nov
20%
Mar
38:
Dec
Oct
134
90
Sep
FCb
121
27 V4
Sep
118
9
62
114
'22% Jan
Sep
Mar
Feb
Mar
Io*/» jun
14% Dec
•21%
14%
ll
35%
3d
13%
9
27% Jan
28%
Jan
Dec
26%
F?b 11
35%
Jfun
Mar tf
Feb 27
18% Jun
19% Feb
Dec
Feb
56
>9
14% Jan
1
23% Jan
Sep
88
Mar 30
94% Jun
Jun
38
Mar 12
46
16%
28% Dec
31W May
i f May
7% May
33
May
'
-
38% Jun
23
JUn
JUn
3l
47
2
7
9%
5
200
*"
38
*37
37% '
*37
37%
*08%
100
*98%
99%
*98%
09%
60
'
;
,
61 %
*5^ V2
61 Vb
*59%
147
*145%
•
,
Holland
3%%
%
*
59%
61%
*59%
147
*145%
*145%
147
*145%
it
*90
5%
Apr
6
:
Miy 17
5
*22
24 V4
83
28
147
24'A
1
23%
*81%
23
23 :
24%
700
24%
900
„'_5
'
10%
11
2,800
31 %
ll'/a
32
300
11
10%
11%
32
*31 Va
32%
33
*31%
32%
18
*17%.
18 %
17%
17%
*17
18%
*17
26%
25 VB
25%
26
26%
26%
26
*12%
13%
26 Va
20 Vb
-25 %
__5
*13
13%
_ll0
1
*26
27
__12.50
37%
—lS
*31%
_No
37%
37
31
15 y8
15 Vi
60
40%
40%
*40
par
*32 Vi
33
*32 %
preferred-:
32%
88'%
240
44%
44%
1,000
33 '/a
33%
32 Va
33
31%
31%
6,600
21
20
20
41
39%
40'
HiMgerator' Co_
•
*20
*41
.20%
41 Vb
*20
21
42
40%
5
4%
4%
.
10%
10%
10%
10%
*10VB
ll'/a
44
44%
44 %
44%
44%
18%
•
No pair
3%
<
13
3%
.
3%
13 Va
13%
44%
13%
44V4
4,500
17
18%
10,400
14
Vb
600
3%
3%
2,000
13%
13%
700
3%
3%
15
14%
15%
*15
: *13
43%
13%
18%
15%
3%
-
19%
15 Va
3%-
13%
13
19
15%
*15
15
3%
19%
18%
18%
15
-
1
500
10 Vs
IOVb
11
*10 Va
43%
1,000
4%
4%
4%
4%
43 %.
;
300
1,100
'
5
4%
200
32%
83%
33
4%
*32 Vi
400
32%
32 Vb
r
4,300
44%
33%
uw-100
1434
40
89%
33 VB
41 Va
500
14 Va
39%
X31
32%
89
25
*19V2
31 V«
15%
41
14%
*40
44 %
*88 Vb
44%
19%
36%
*31%
90
89 Vb
44%
41
2,800
2,200
44%'
89 %>
45
19%
24%
36%
32%
*32%
90%
44%
41
23%
35%
44%.
32%
90%
•
26
36%
41
100
l
100
13%
25
15%
*40
No par
c
2.300
4
37
15%
'
26:l
33
*32
40 Vb
200
18%
*13%
13%
*12%
27
36%
31%
15%
15V4
25%
13
13
*26%
37 Vi
33
par
."No
83
*81
83
11
340
22
10%
*31
1,000
27V4
■
123 %
23%
24 %
24%
UV4
llVi
27%
21%
'
22%
*81%
83
*81%
83
126
*122
122%
*21%
3.600
52
125 %
27%
27%
122
122%
122
51%
*
126
400
17%
17%
18 Va
52%
52 Vi
*125%
23
*27%
■
•
23
23%
:
'
123Vb
:
'
126
32
Manhattan 'conimcfn__100
Hussrban
14% JUn 10
19
y4
123
.■*
24
*17%
18
53 %
52%
*125%
126
?
HudSbn Hay Mffi St Sn| htU-JM par
Hudsdh Motbr Car
L—r__Fid par
Hunt Fdd'ds inc.
6.1W%
Hupp' Cdrp,
J.:
_..„l
'
19
(Del)_
Corp__J.
non-cUm
*27
122%
X"-
53%
*125%
*81%
Howe ScSund Co-,
3
17%
18%
53
*23%
10
preferred
Hudsdh
*17%^
18
i
Houston Light «fc Power
Houston Oil of Texas v t
Howard Stored
•
28
122%
*22%
HoudallM-Eershey cont
02.25 conv preferredHousehold Finance com.J
10
22% JUn
Furnace
■•■■* ■ "
"
,
Holly Sugar' Corp
45% JUn 95
Mar 16
12% July
'
14% May
34% Jan 2d
14% Mar 17
14% July 20
3
100
591/2
*37
60
inc-^--^—
Homestake Mining
,s __a,
■Hookir Electrochemical Co_
6
Jan
^
.Hollander St Sohs (A)—
9
Mar
Feb
7%
■
7
Apr
300
99 Va
38
98%
v
No par
Hlnde' St Dauch Paper Co
Hires 'Co <C E) The
10
ll
4% Jin
21% Oct
39
Jib
3% May
11
Feb
33
Feb
37 %
98 %
91%
38
Chemical Corp-.-—j-_l
cum preferred
.—100
Hilton Hotels Corp
.———5
7
19
7% Feb
13% Mat
43%
12% May
13% May
HeydCn
3 Va it
Jun 22
20% Feb
38% Mar
:
37%
*"0%
*90'/a
*271/4
46% Jan U
2
34% Jan
45%
Feb
100
91%
91%-
_2i
commen_,
preferred-
Hewitt-RUbing
42% Feb 24
105%
29
3,200
24%
91 %
*90%
iHer she y Ghocoia tiVcomu-Ai^, %No pgt
$4 :conv preference----,
No par
1
Dec
Jan
21%
24%
9%
91%
127
2
37% May
20% Dec
9%
21%
9
24%
*125l/4
30% Jun 28
10
-29% Feb
Oct
36
10%
21%
*9
*24Vi
,___100
May 20
16 V, May 17
'
85
lOVa
*21 Va
24%
*P0 Va
1,000
9,200
22
98%
100
[non-cura preferred--.-J—-100
5%
2
il Jun
25 % Jan
Va July 28
36
i
76
10%
87/B
'
*24%
53
9
36
Nov
May
.1
300
-6%
9
IOVb
9
24%
:
share
6%
.
*73
*24
52 VB
1
14 :
Oct
Jan
.
24%
18
293/4
Jun
21% Feb V
13 /July 28
15% Feb 14
36, July 19
20%
44
37
31%
25
*24 Vi
*17%
May 20
10'/a Apr
28
Mar
48
22%
*1*
[
*
7 '/a
76
21%
10%-'
21%
HerculesiMotor3l-_---.-*-!u--No par
86% Jun 25
17
'
10.%
21%.
■$ per
share
*6%
*73
Shares
10%
"
9%
9Vi
91/4
10%
10%
$ per
'
76
*73
75
*21%
147
2
Dec;
Jan
9%
.CLOSED
7
*6%
•
7
■
*73
-
for
the Week
JUly 80
July 2!»
,
Sales
Friday
Thursday
28
$ per share
share
*6%
'
■
•
•76'»
^_§
commonLi.
•Hercules Powder
•
,
Not
May
__1
July
July 27
$ per
7
*6%
*73
*145%
; '•
128% Feb
2
30% Apr 10
123% July 27
33.
May
1ft
•
6
x29%
May
Co
LOW AND HIGH SALE PRICES
Wednesday
Tuesday
■
$ per share
STOCK
:EXCHANGE
.3.65% ...Sunt: preierred..-4~^;^l(M>
Helme (Q W) common
u.--i20
l
79% Mar 22
20
;Jun
22% Apr
J)
July 26
■$ per. share
1
,__-100
common
preferred
(H
Monday
'
4
18 Va
Heine
July 16
57V4Apr
2
Mar 22
Co
3%5t
22% May 21
■
21
21'
HecUt
g
Jun
Par
.
Hayes Mfg Corp___
Hazel-Auas Glass Co_—
5
May 28
153
46 '
Feb
134
Dec
103
7
Jan
11
Jan
42
•
■
.—
,
Saturday
•
RECORD
July 24
4%fc preferred
Hayee Industries Inc..,
27% July 12
91
Jun 25
14% Feb 10
Mar 9
'
63
13
23
140
22% Feb
14'/a May
50% Sep
126
Jan
:
STOCK
*
v
Hat carp of Aster class A
11% Jun 10
27
51'% Feb
Jan
68;
165
Jin
35 Vs Apr
95 V, Jan
July
108
% Dec
78
Feb'
42%
,
10% Jun
14
EXCHANGE
5
26% Jan
21% Feb
*
4
Jan
Mario
X20
35% Jan
30% Jan
103% Apr
May
7% Jun
79
«% Feb 11
6% Feb U
9% Oct
De».
^
$ per share
6% July 30
Mar 16
73
100%
YORK
'
New toM stock
!
$ per share
share
16% Felt
,
75V4 Dec
stocks
.
% Range since Jan. 1
Lowest
Highest
]
,
J^Ma^^gu^;2|t1948
A;.'
I
)■ %#
I
30
39% AUg
32% De4
64% Ded'
97
Aug
26% Dee
May
18% May
37% May
93'
Jan
15'
Jan
Vi Apr 91
30
42%
lT%
7% May
Dec
12%
Dec
:
50
x30% May
Deo
9
i
15% Jin 28
<
34% Mar 10
21%
3
*7
May
<3% May
Mgi
11
11
Vak
July 30
11% Feb
Dec
8
May
10%
July 30
161% Mar 31
:5«%Feb4*
23% Feb 11
Juri
Feb
22% May
78
96
Dec
Jan
Feb
74*
86
97%
97
*95
97%
*95
34%
27 Va
8
3% May 18
154% Jun
'
10%
23%
10%
10%
lO'/a
10%
23%
23%
23%
24
12%
11%
11%
11%
11%
46%
46%
47%
47
47%
47'b
*69
71
*155
160
*155
44 y4
45
44
19%
19%
19%
174% Jun
InVI BusintfsS Machlnfi^,^
.
9% Jun 24
Jun
JUn
3
Int'I
•
7Vs
77/a
*
20
19%
99%
99%
*
;100u
-No "par
2%
•
iNdjjar
iNo
*99%
:
'
<
142
141%
:
165
"142;
-*.V
,
*85
7%
31%
25%
5% Feb
Dec
36%
130% July
9
135
Jan
Sep
Feb
F«b
89
Jun
2
64% Jun
1
99
28
97/a Mar 19
Int'I
Preferred
May 20
107% Jin
84
Apr
58%
Feb
52% Jan
24
64
Jun
5 ft
2
37%
Jan
45
Dec
39 Va Mar 16
45
Jan
13
63%
Oct
43
Mar 12
65% July 12
40
Feb
30
Mar
35
40 % May
■32
Jun
•
10
4
Mar
31
Apr
May
11% Feb
11
98 Vb
r
7%
7%
*85
11% Feb
11
16 Va
Feb
26% Feb
27% Oct
17% Mar
2
22% Mar
1
35%. JUn
143% Jan
158
18
137% Jan 10
Aug
Range since Jan.
Highest
$ per share
Lowest
$ per share
$ per share
90
59%
*58
62%
61
13%
10%
91
J3 Vi
64
62
63%
900
10®8
320
'
58 Vb
1.600
43
42%
43%
300
90'2
*55
60
35%
*35
10
90%
10%
43%
63
35'/4
95%
90%
9 30)
57%
95'%
56%
97
62%
61%
2,900
*13%
23%
23%
23%
*22%
32%
32%
32%
*31%
33
31%
31%
37
37
37
*36
37
35%
37
37
July 24
203
1,200
140%
*138
140 %
*138
Jury s*
$ per
$ per share
$ per share
Sales
Friday
Thursday
July 29
Wednesday
j
share
140 Va
200
22%
HIGH SALE PRICES
AND
Tuesday
jim/ ~»r
$ per
*138
140%
'138
-
$ per share
Par
22%
14
LOW
$ per share
23%
13%
Monday
'Saturday
1,200'.
*13%
13%
*32
-
STOCK
EXCHANGE
13%
13%
13%
-
140%
*138
1
23,400
13%
.
*23%
38
_i—
100
13%
13%
14
•
33
.
34%
13
35
13%
13'/a
14
"37%
No par
*34
35
14
13%
14
par
*32%
NEW YORK
63%
*35
63
35%
*35
*22% "'24
1
43%
53%
95 %
*57
60
43%
43 Vi
43
No par
Highest
91%
10%
90%
*58
—do«
STOCKS
Year 1947
10%
Vt
10%
*89 Vi
130
137
137
58
*
"
Telep St Teieg_. .No
common-—
10%
10%
No par
Range for Previous
Lowest
137%
95V2
59%
25
.—--25
.
08 preferred-.
•
137%
59%
95%
91%
Island Cfeek Cdal
:
14
39% May 20
145
May 21
98
<
Foreign share ctfs—
Interstate Dept Stores
Interttpe Cdrp_
i
26% May 27
29% Feb
138%
58%
98
90%
43
Shoe
International 'Sliver: common.
Jun 24
*137%
59Vi
*96
*10%
No par
International
138 Vb
57%
*53
preferred—
14 100
133 Vs
No par
7 it
1,500
31 Vi
139%
International
,
3%
30%
32%
98
90
31%
31Vb
.No par
preferredi—
Cent Amer cora_: .No par
preferred.:
-i__. ----tOO
3,603
31%
32%
58%
31
*85
90
430
1.903
7%
30%
32%
31 %
57%
20.600
7%
31%.
7%
2,000
30%
166%
32y8
No par
4
4V8
*138 '
142'/a
30%
166
3%
*3%
Co com. .-—II
800
6.000
3%
4 Va
-l'oo
—
2 'V,
14%
139
•
166%
31
90
*
143%
307«
30%
260
'
2%
13%
2%
14%
166
1,000
3%
4%
International Salt
16% Jun 24
17%
May
9% May
20
•
17% Feb
9%
corn-
700
93
4%
_1
Int'I Rys of
29
46%
Nickel of Canada-
Interhatidnal Php'er
July 22
14
28
16
9
139% July
2
Feb
86
Interhatidnal Mining Corp.
May 20
34% July
42% Mar 17
116
May
Dec
104
Dec
59% Oct
107 %
Dec
5 %•
24% Mar 18
Feb
137
38% May
94%
3% Mar 18
2,900
8
99
:
3% Dec
20
*7:,i
19%
32
*85
90
♦85
90
19%
19%
143
31%
166%
31%
43%,
5,000
20
2%
7%
42%
'
8 Vb
14%
32 Vs
7%
31
800
70
99
144%
1.400
160
19%
2%
30%
69
*155
69%
20
14%
165%
48%
43%
2%
143
v
*47%
160
14%
■
31%
31%
7%
31
:i00
10
144
166
*7%
cdik_—5
14%.
M,l
2 %"
2% *•
■
32%
32%
v
ia- 2%
14%
1#%
par
99 Vs.- 99%
400
47 Vb
*7%
20
500
13
19%
*
3,000
2,000
*11
43 V2
8
8
8
20
19% ^20"
-iJ%
(n6W)
Minerals Sc Cherftidal
4ft; preferred'
i—
9
93
9
com
••
*7%
He- preferred
^
100
Int'I Hydro-Klectrlc Sy.s clisi A„18
11
:
38 Va
Hifvester
Int'I
19%
19%
'
10%
23 Vi
13
69%
20%
45
44%
•„
10-%
23»/b
10%
23%
*155
160
40
400
4 300
27
10%
45%
_J_1
33%
26%
23'b
70%
70%
71
160
_—_20
Rubher__;
26%
400
34
27
*11%
.
71
Interlak#- Iroh iri...—■—iNdipar
14
11
x34% Jun
■
Intercortttnental
i
•
34%
34,/a
26%
9,300
"
97 Vb
*95
97
*34
34%
26%
•
'*155
,-.No par
inspiration Cdrisol Copper
•'Insurahshareg Cifs Infe—
Interchemicil
dorp ddriij
4%#: tpre/err0d
>
16% May 24
.
34 y* Oct
Jin
103
10
30 Va
186%
37%
86
11%
3 A_'__
Inland Steel. Co
May 27
23% May 15
11
125% Feb
183
37%
87 Vb
26%
10%
IngerSdll-Rand ndw common-No pafcr
6%r#f«ferr6d_-—
-100
8% Miy 24
95% Apr* 22
2VSS Mar 10
15% July
32%
33%
*86
34 Vz
23 74
No par
Industrial Raydn
46% July 14
15% Feb
100
Dec
32%
33
86 Va
!
Oct
19 %
33
39%
86-
34
26%
*
11
33
38%
87
26%
*33%
pit'
1,000
32%
32%
39 Vtr
*86
46
No
corriindn
Go
Indianapolis Pdwer Sc Light
Industria Eiectrfca De'- Mix.
Jtiri 25
160
Not
6% Feb
96
Illinois Terminai RR Co—5
3
76% JUn
;
5
iso
8% Feb :
Sep
100 %
Jun
17%
Apr
6%
3
25% Jun
42
12% May
•
.
12% Jun
17
68% Jun 28
Feb id
180% Feb
Dec
33
11
56
Power
Illinois
May 26
9% Feb
11% July 27
39'
Feb 10
—.
189:
RR Stock ctfs series A—_i,__1000"
30
-
86
96
86
32,
32%
*'
30% >39
•
:
38%;
33%
33%
comitndd—100
ser A_f00
i—■
foo
pfd
hdn-cum conr
Leaied • llnii 4ft
6%
20% Feb
30% Jan
17
July i
Jan
July 13
37% July 12
22
28% Miy 17
x21
—W
Illinois Central 3RR Co
97% May 17
95% Mar 18
24% Jan
:
July 14
90
11
62% Feb
Idaho Power Cd_
35% Jun 24
27% Mar 18
for
the Week
July 80
$ per
share
Shares
share
■
i
0% Jun
19% Dee
80% Dec
13% Feb
24% July
104 V,
;39% May
89
Dec
i3t.
Jun
100% Dec
53
;
10
129% Oct
34% Jul*
100% Feb
48
20% Feb
Dec
Feb
181% Feb
Jan
40% (Mt
1# '
Feb 10
Jkn 20
29%- Mar 10"
83% Feb; 8'
31% Feb 11
Jun
22% Fib
14
Feb 11
100% Mir
29 y, Dec
38%* July
90
Feb 17
'90?
Dec
.112
Jatk
100.
140^ 27%
t06%
29%
Dec
191
Dec
145
May
•
39
:
v
-
May 28
09'
Ma/11
106 '
158;
3%-f#
11
sve'ft
CLOSED
f.
45
..
7%
'
*82%
83
45 Vi
♦97%
82%
45%
46
*44Va
45%
i
98:< •'
98
*97%
:
:
*44 '
2,900
500
.
""
210
45
.1,100
'
230
98
*97%
98
*97%
7%
22%
82%
7%
*
23
82%
22%
82 y4
if:B
23
83v!
44%
98 y8
7%
23%'
*23
23%
;;
82%
45
..
98
preferred—100
preferred:
*23
83%'
*83
7%
7%
7%
7%
<!'•; 23
23
j
'
,106%
*103
,
'♦103%
•""
Latighlln Stee) Cbm-lNdpar
prweeriid series:A^.>__w_^i90
Joy MartUfnctUririg Cdt—
*
*
'
;
109
*104
105
-
17 0
*156
170
36%
J
35%
34%
34%
91
91
37%
36%
17%
*90
91
20
170
14,400
33%
34 Va
90%
90%
400
35%
37
17%
36%
:
105
103%
('156
35,
91
37%
35%
.
500
281/4
23 Vi
28%
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♦156,
/■»
*S9V4
*.
28
29% ■"29%
30
5,600
36%
105
'103%
106
iO0V:
*
*156
35%
371/8
*103%
170 *
105
105
*150: >- 170"
-34%'>-35 *:
90 Vk - 9tM/e '"Jf
35% V* 36%
•
36%
106
*103
106
;
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*28% V 30
•
Jones St
*103
37%
36%
36 Va
36
Hd'par
ixaJioo
JdHhsOn cdmmori
12%
4ft. 2rfd preferred sdries' Au—1100
Jolief Af ChicagJ RR Stifrfp<!d_--tO0"
1 '
7%
-
EXCHANGE
Jbhnsdn
.
37% July 14
93 Vs Apr 19 >
4ti¥*fiM
eurttutifiV,
Johns Minvilie Corp cdnt
MayJlr
Jun
STOCK
.t
;
Jaeger Machine Co common
No par
Jersey Cent Fwr St 1M4% pfdLlOg
Jewel 'Fea Cd Inc com__
LNd pAr
42 Va Jun It :
113% guff
#
33 Vi JUn 10
11
(F 1) Cer.
Jacobe
•
92% Jan 30
May 13
39 % Feb 18
92
Feb 19
34% Feb 10:
Jin
May 2f
23% JUn 14
6
82<
,104% SSp:
40% Oct
<24% Sep
Mart#
7
19% Jan
F #b
36%
4,400
800
"S-%
14
I
21
HalamaSoo StdVe A Furniture—_1»
Kansas Citf Pdwer Jfc'Lt C<A3.8% preferred ____L——_„^100
KanSAS City Sduthern cdtft
Ndpar
Ma/20.
.
'.
90
16
v
Deo
May
I
-41^/4 May
f-K- ;.13% May
.
48% Mar la
Ndf
20% Feb; 20
4lV4 May
39
<
|
49% Feb
.
14% Mar 17
26% Feb
21% Get
32% Jin
20% May
19% Jan
i.
Apr
18
-Ml Ids fit
23% Feb II
:
Feb 10
42% Feb 12
45*
JUn
1
17
36
Feb
13
46% Jdly 13
60% jun 22
18 * May 22
26 y,
4%■ ftdri-cufti
J[uiy£i3
22% Jdly 12
60
Jtm 10
51
Apt 20
-45% July 16
*17%
»
-
17'i/a
17%
'
17%
.
,
;
,'
41%
*157/8 :
:
■
*94%
-
16 '.,
24%
*24y4"-: 24 %
571/2
"
g
46Va
par
*43,ya
-
•"
.
.
21%
15%
'
47
43%
43%
24%
46%
46%
43%
,
21% Dec
Dec
1!% May
69W JUn
23*:, May
'27% Fefrt:'
116% Feb
20
Feb '
Feb
11
92%. Feb
19
21
11% Feb If
Mar t
90
Jan
90 y#: Ctef
63
29% Feb ll
91% Ja A
0"
32s' Feb 131
48% Feb 1#:
A1
:Wbs'19";
*00 N•-■•Dee ■#; 102% AUg
34
Jan
40i"-'de#*/
*40!£' Jun
Mi .-Feb- - ;
92%OeY40%-^pr
'
#
i
Fot footnotes
see page
i
■»!
it it> i
m
-'ii j
24
Mar 24
104% July 14
14% JUn i"2
79
Jin
5
2
36% May .27
95% July 10
3
58% JOly: 9
39% Jan
J-
,21%
Cumulative preferred
4%
■*ll%-Vl-3
*
66Va
68 "
32%
.
•
;*94y4
eer__lO0
.05
.
i-
3S% ; 35%
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10
(• Ml A Co—^i^-^Ndfar
Kracar-Cd
v
3Ji/4
1 Kreige"
Kread
22
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>
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■'•;;
r'-t
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:
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:
04%4' 94%
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.
45 %
<:•
33
II
94%
'
33
—-
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/
*,
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:
•
w
•'"■; iVi- - vi
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3.800
;
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.
22
£*
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80
il-
68
94'
.
35%
,
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y
;
/
2,500
„
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1,300
39:;; ■' 33%
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asaasfca
•
'
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04%
35%, ,35,%
54%. ;54 -
'
103 V* IO3 V4
33
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94%
44%
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ri'ti hii-"if-
vs
16.200
43%
21%
22
104
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,
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1,800
.
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43
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.
60
33
32%>- 32%'-
21%
104
103%
13%
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^
26.
.
22%
21%'
104
■
!
20%
57%
.!'".wn,v
*1031/4
Kimberly-Clafk Corp ftdm_^._Nop«r
4ft cdhv 2nd jlreferred
Kinney fC Rf Cd cor««id0—
06 pfiSt |N«drred__fi__ui._-lW parr
KdpperS Cd-lae cemmdrt-a-—-^>10
:
,
e,;!
103
600
.
19%
56%
:
I
"■St: I
16 V8
24
24•
58%
43%
,
24%
6,500
'
58 Va
16 '/a
21
58%
,
43%
43%:
16
10
41%
41"
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53
21
21%
59%
46Va ' 45 %
59 r
45%
.
96
16
.
■25
21%
.
59
17 Va
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15%
'
24%
24%
21%
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47
-44
157/b
15%
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42%
42%
58
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58
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43%
42%
'42%
41%
17%
96
17Vb
96
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96.
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Nb
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42%
58
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Kaystr (JuHusr. A Co_L—__
Kelsey Hayei Wheel edtit class A--1
am b
4—
Cdpper_—
Kerfr County Lnnd Cdi—^
Keystdne Steel & Wire Co
•
(
preferred^——i-100':
Kerinecdtt
.
95%
-
.
53 .
441/2
—'
"
94 Vi
35% v'
V53%
.45
'V"''.
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,
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l
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iMfifrrfr'ir
n
inr;
P
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>;
•
.1,
a-jf
r^'r^W
i68
Volume
Number 4721
K
Highest
;
I per share
Saturday
Range since Jan. 1
■•
•
Highest
t per share,
$ per share
NfcW
'
Lowest-1
•
I put share
Par
6% May 15
1
12
Apr
20 Vb Mar 19
24
14%
Feb
9% Mar 12
8% July
Jtall
-
Feb
Feb
35
Mar 19
47
Feb
23
Feb
26%. May 28-
47% Jan
27
21% May
i-Dec
:
>
95% Jan
12%
Jan
.
Jun
4%
Feb
.44%
j&% May
30'/a
May,:
8%
■
10
.'
9%
Feb
50%
19%
Feb
-{.*78
33% May
10
-".*48
Dec
47
•
i9%
78%
Oct
28 % Feb
Jan
Feb
18
Mar 16
79
Feb
109%
20
.
'
Apr
,13% Jan
15% Feb
<'57% Feb
28
19% Feb
27
18
19
.21% Jan
172
21% Dec
Jan
29%
Dec
I71/a
May/
Dfcec
13% May
;;•
„
Feb
29%
Oct
101% Aug
,> 26%
Oct
„
Feb
141
Jan
53£
39%
85
Jan
30 %
158
11
*92
Feb
11
J
Mar 17
19% Mar 17
12
50
50
48
2814
■"
*•27%
2814
27 5
3912
'
*38%
39
38%
24%
24%
2514-
24%
98
98
*48
"•
Louisville
'. Louisville
4r
Loweristein
Corp
Lukens
■
8
AVuS
6%
*
4'/a
*4i-'.
.
24%
'
«"
714
V 414
4
63
'
?4
2414
27
38
38
*24'A
24%
9
'
49% >:
8%
97%
6%
24 7/8
10%
10%
10%,
10%
10%
23%
24
23 V*
23%
22%
52%
54
;
53%
54
1
62 %
36'/8
t,34%
.•89%
89'A
89
89%
89'
89%
89%
166%
167
41
5
166%
41%
41%
11%
11%
64%
•
64%-
46%
Nb par
11%
46%
: 6,100
9%
4,700
89%
89%
*166%
168%
*
41
*39
,•-
11%
11%
11
65%
65
700
11%
65
65%
47%'
18%
'47
46%
2,400
700
'
43%
46%
19
^8%
18%
80%
*80
1,100
2,300
89
?
40%
11%
46%
82
41
'
>
65
65
18%
•
*79 V*
10
■>166% 169
41%
*11%
.
48
18'A
82
166
41%
11%
65 %
19%
*79
41%
*64Vi
48%
18%
100
166
166 y2
9%
1,400
52%
89%
*
.
800
.
34%
60%
35%
9%
10
23
,
9%
35%
9%
1,000
2,300
34%
63%
9%
36%
•
900
8%
49%
10
23%
•
f* 7,400
24%
'•
48%
10%
'
;:.v
63
8%
"49%"'
2,200
6%
4
.
24%
9
8%
49%
9%
•_
6%
3%
,
*41 ^
36>A
—No par
3.600
5,700
%■'
4%
63
24%
,"i
8%
12%
34 %
23'A
10
10
12
10
53»/a
1,200
34
•
:
23%
52%
800
*96%
12%
r4i
49%"
49%
200
•24%
34%*,
4
24%.
*8%
48%
*23%
,2X0
24%
24%
■
12%
63
8%
10
H
*41
48%
*
50
27
■*34 V*
«'.*■ 6%
iVa-'
4Va
6%
■
63 i-i.
-
8%
c'80
80%
80 *
6,200
80
*■
18
18%
2.500
'
100
1
21%
21%
21%
22
22 y8
22%
22%
22%'
21
22
No .par
16%
16%
16%
16%
16%
16%
16
16%.
16
16%
63%
63%
64
64 'A
63%
64
62%
62%
27%
28%
27%
27%
*27'A
28
27%
27%
26%
27
19%
19%
19%
'19%
19%
153
20%
20%
21%
20%
21 %
•.
*153
A__No par
■& Sons Inc com
cum
64
64
*153
155
155
153
*153
24
24%
.24
24
24
24
46%
47
47
46%
47
.32.
32%
31%
32
31'A
32 y8
.
1
pfd- series .A__„—lO0
6t«el
•
*45
Nashville-:.——_i—_50
(Ml
6%
••'-
800
'
12%:
35 y«
48%
__^No par
Gas A Electric
35%.May 1598% July 14
12%
34%
24 y2
fcreferrCtf———LlOO
..
12%
35:
6%
———-No par
7.%
12%
3414
',-4Ve
• •
047
98 \
12%
•41/
48
98
*96%
34%
•.
■
1,700
12
27%
36%
x
22
:
24%
Lone Star. Cdment
Oorp_x_u-No-p*f
Long Bell Lumber A—:
No par
Lorillard (P» Co common
——10
July 15
2514
12%
-
..
100
%
'
r
24%
Co———1#
,*97
*97
98%
21%
98%
*97
X^0%
155
'
20%
*153
6,800
•
14.300
1,900
7
1,900
12,100
155
,..20
24
24
24%
900
45%
x45%
•31
98%
2114
21%
21'A
5.600
21
•
'38%'
a
9%
OH
Co—2
24%"
/
v'
21%
*11%
36%
Belt, CO
24 »/a Jan
11
11%
100
—__
•Lockheed Aircraft Corp—
Loew's lnc_—_
24% May 19
50
May 15
38% Mar 16
11%
26
com.
Liquid Carbonic Corp coin
3%% conv preferred
14
Jun
11%
7
Lion
21 % July 29
"
preferred
Lima-Hamilton
.,20% May 21
68% Jun
4
6
21% Feb
,-20.
Jun
1214
Shares
5%
x\*m
..
*8% m 9
8
Link
9.
Jun
24%
27
Feb
10
23% Jan
«
2
Feb
7%
5%;
9
*11%
:
•
ipir ihare
21%
*38'%
5
:
Lily Tulip Cup Corp„
-70% May 24"
55% Jun 11
13
28% Oct
.
12% May
93
13% Jun
10
11
Feb
27,
29%
137% Dec
.
8% Feb
so
5% h
*8%
21%
*271%
No par
Liggett & Myers Tobacco
May "14
47
'
Dec
JanT- 8
174% Mar 30
14
30%
Dec
58% May
17%
Fob
(;
21%
*48
_No par
—
Libbey Owens Ford Glass
37
,*
§
9
9
21 y2
39%
*96%
1
Libby McNeill & Libby
Life Savers Corp—%—
55V« Mar 16.
.18%^
.,
Aug
,5%
-
24%
J.
Corp__
1
12%
May..,
Prod
Lerner Stores Corp
2
35%
10% May
14
12
91
:
2114
28%
(
.;
Lehn & Fink
10% Apr
July 20
'
9
■
20%
50
1st
non-cum
38% Jan
Mar 12
Apr
24% Aug
83
"56%Juh
165
*191% July.
6Va
•
•;
♦8%.
<
,
.
the Week
July m
<#pierkhari
»
for
Sales
July 29
38%
.preferred'_i.i.ii^50
i3
8% Feb'
*48
10
—
thnrsday
'
4 per Shark
-*27%
'
100
May 20
;
12%
preferred—No par
*: SOcoion^chht 2nd ;pfdi;lIl%No
par
Lehman Corp (The)—>
1
26% Jun
•
-Mar 13
46
82
"Dec
12
.
12%
1
May 15
56
21%
57/a-
V
,'
10
21%
——25
Lehigh. Vatfeyj«fi--^——
Lehigh Valley Coal comli.';
31% Mar 16
May
169
24
10% May 12
24.
6
*8%
CLOSED
—50
Lehigh Portland Cement—
?6 %; July 12
.16% Feb 20
Feb
25
May
'9% Feb
-
PI
Wbdne§d4y.
' July 28
$ pet share
"
3-85 % cumulative .preferred
Lehigh Coal & Navigation Co/.
,4% July 12
Mar~30
;<5%
EXCHANGE
3
16
8% Jun
-
2
SAL!
■
_No par
-Lees ijames).' & Sons Co cofti-
,13% May 22
37% Jan
9
•
5% Jan 19.
4l% Feb 25
'-:-24 "dan
.':S9% Feb
46%'Mayit)
8
May ; aT 11
Apr
29% Mar
40% Oct
a,
.<
share
HIGH
'
Non-cumulattve
.
.
9
iy«jan
Feb
;
..
M:;;;v^0Va Dec
17
Feb 11
4% Mar U
Feb
25%
5% Jun
38% May
■
-
30% Mar
'
.
Jun
/." ■?
5
35% Mar
14% May
f.
99
'
Feb
3%
..
1% May
35 %'Mar
;■<
31
;
Lahe-We^lis Co ___—I—-—
•Lee Rubber di Tire--,:—
May 18
■
;
i
Apr
101
27
»•
"
Bryant common
4%%
preferred
30%
r
■
s per
STOCK
_4
.
pfd
175 Pesos Mex
(The)—.
No par
Co
Lane
56
"May
IM. •95
Lambert
56%
Jun
27% May 12
~38'
CoLi—
Lignt
La Cbftsolicf 6%
5
14% May 15
53% May 17
29% May 6
-
Gia6
Laclede
Mar 24
May
49'/a
11
4% Feb
Jan
14
>
Dec
July 27
-
July *2+
►
$ per share
44
Dec
10
Feb
7
4%Mlf
9
Tuesday
July 26
AND
StOCK
YORK
EXCHANGE
*
20%
Monday
,
RECOR&
'.."STOCKS' '
:H
V
Year 1947
•
Lowest
StOCK
YOKk
NEW
21
(457)
i-K'1
'
Prbvlbus
Range for
WW*
44
45%
1,400
30%
31
2,900
'32
*97
*20%
98%
*97
20%*
98%
20%
20%
1,300
M
34
i
c ;#ri
Mar
41
Nov
Nov
134'
152;
Apr
~30%
May
99%
Dec
41%
111
11% May
16% Apr
"
10%
455
Dec
6
12%
9%
Dec
Dec
32%
3%
Jan
19% May
6% May
97%
111% July,
34
42
14
27% May 20
4
47% Apr 20
84% Mar 27
93
170
Feb
Feb
84
May
Jun
18
$3-75
Jan
13
$3.40
11.
Mar
12
Apr
16
110
48%
Jan
12% May 15
43% Jail 21
112
Jan
$3
12
A July 30
1st
Range since Jan. 1
Highest
$ per share
Lowest
$ per share
I per share
33%
Feb
25
Feb
11
Dec
107%
Feb
88
Jan
5
Mar
45%
Oct
36% Mar 12
42% Jan
24
May
32
F.eb
23% Mar 17
56%
Feb
45
44
Jan
30% Mar 17
46
Dec
Dec
Jan
105%
Feb
87
Jan
5
17% May
25%
Feb
18% Feb
11
24% Jun
Feb
19% Feb
11
24% Jun
88% Jun
105%
40%
20
16
Oct
16% Feb
27
23%
Feb
80% Mar 24
96% Jun
50
May
Feb
36% Feb
27
20% Feb
16
25
2
Jan
14% Feb
11
Feb
52 % Feb
10
19%
Jan
12% Jan
28
62% May 15
18% Jun 24
119% July 16
Dec
Feo
11
11
43% July 19
70%
*15
3% May
8
11'% May
32% May
8
23
•
May
Jan
14
July 21
99
Jan
liy/i Mar
4
Feb
13% Feb
34% Mar
Feb
32'
49 % May
110% May
Feb
Jan
Feb
9
.
63% Feb
128% Feb"
Feb
49% Feb
Feb
105%-War
49
May
15%
24
i
64% Feb
9 % May
17
May
19% May
,
4#
15% Jun
29% July
11
17
July 13
Jan.
S'
S
122
65
13
Mar 17 >
27,
Dec
•11014
111%
30 y8
29 %
\k
%
.
Prod
Moorb-McCormbck
2: :
&
*11% Feb
16
108
6
jbothqtes- see* page
'26:
26'%
100
T1
10
July 29
I per share
100
23
23
20
20
27%
400
*47%
48 %
1,500
32%
32%
1,700
96 y8
*94%
97 Vz
100
23
500
20
400
19%
20
19%
19%
93,
93
*92%
93
93
93.
*38%
42
*38%
42
38%
39
23%
*23 y*
23%
23%
23%
16%
16 '4
16
56,
.
10
56
59
12%
24%
24%
24%-
23%
42%
43
42%
43
101%
102
,
16 y8
'■
59%
41%
par
i
61%'
60%
7%
.
8%
(
-L20
28%' .30%
40' '
40%
1.25
4^%
Nb par
29
3
54
A„_No par
13
*110%
7
•
*25%
iey* '16%
'
•j27%,
8
I
_1
27%
21
,*30%
xiMullinS Mfg.
20%
r^'iMnnsingwbarr'intjxxx.'-i^.xiiUi&l^Ei
1.700
4,100
89 %
69%
„
29%
'
;
*28%
.
,
53%
68%
102%
16%
61%
15%
8
,577%
27%
12%
%
-
13
28%
53%
111
*27
8%
18,500
f29,200<
29
100
54%
111%
110%
55%
53%
15%
110%
26%
*25%
15%
26 y2
J6%
26%
sn
20%
20%..
19%
20%
rl|405
rnimm
.
A?
•••'
I
.
1,100
*rl(200
>
"■
'
28%?'. <29%
106%
'
•
M
/ 900'
'
eL
1,300
H*5,Q00«
-JH05-—106%
*12
13
500
5,700
20 y8
2QVif
30%
JO6%
•
10,400
•r'
"
16%
12%
,
*12%
>
55
28 *„■«*
*105
4,500
<:
14%: 15%
'21%
900
112
57%
U
r,
600
•Jt
1
53
*106%
15 JA
10%
3,500
39
13%
>
'■UA 280
30 y2
39
'9,000'
,x,'
"59%
111%
16%
A
150
16%
,
1,200
■<
'
116
29%
,39%
-
•<:
102 J/2
115%
•
290
69 lA
102
U87/8
-13%
*25% * 27
„
29% '
*105
; 106%:
*12% "13
/•29i v i
12
43%
15 V«-.
26%
——Nd par
x—L..3.
11%
43%
56'A
,
/
-70
4,800
89
116
111%
56%
600
13%
12 y8
MW MM
*107
111%.
15%
,
13
89'A
13 Va
;
*28%,
,vv.
111
7,200
.•:■
43%
69%, 69%
*102:
103%:
*102.
16% ' ,16%
'J;" 16%
120,U" 120 : : :lT19,
,61
...62
62'A
8
8% " ' >■. •8.;:
28%. 30% '
:
29%
40%
40%.
*39%
13%
57'A
41
138
12%
r
,
3,900
45
„
..
"
*40
*137
13%
170
16%
90%
44 VA
*89'/4
70
55
41%
138
200
800
1,200
101
15%
58 %
,
/ 200
1,100
■
58%
93%
101
16%
13%
12%
10
58%
.137
13%
12%
*9'/2
*91
41%
137
44%
"
-16%
57 '/a
%4. '•
17T/8
,,,16%
120% 120%;
1,500
23%
42%
,101% 101%
"102%' 102% '.
1,900
16%
10
90%
,,.69%
Nd par
16%
56
16'A
93
13%
44%
'16'A
*53
61%
.
42 W\
*89
16%
17;%
*9%
138
13%
2,100
60
101%
58%
120
200
23
93
42 'A
42%
22%
93
24%
.16'A
1,000
40*
61
42%
137
19%
93
60
101%
10
92%
56
17%
9%
9'/a
*19%
*36
*91
,
25%
16
*53'
171/2
17,
42%
.
16%
16y2
*53
16%
*9%
pfd: 100
com—.—
27%
49 V4
19%
16%
809
331/4
19%
*53
Shares
50p
*22%
'
•
the Week
37,
"20
23%
^;V_ T-
Sales far
37
20'A
*93
6,700
74,800
l7tf
31%
23
*20
■
99'%
94
20%
*25
x—i
l'ff
30%
23
95
23%.
29
99%
38 %
28
'::, 100
111%
A per share
32%
100
94
*94
*22%
*20
28
49
*32%
1,000
Friday
July 80
49 %
Corp.-common—_'—l
Jan. 10 A'Sv $7r preferred-—
Nb par
•14% Jun
*37
-
150
10%
■:v a
Thursday
33%
93,
Corp
xL.
Muellbt Brask' 'Co_x-x_
*99'/a
.
33 Vt
——
iJl't 1*#?$
220
40'/a
*39
49
15%
Wheel
100% Mar 81
*27%
32%
37%
56 W
Motor
'
37%
5
23
,102% Apr
& 10,7%-Mar'
10
May'
15% Nov
37%
xlNo par
17
5fl >
iff
t per share
32%
37%
61%
Linei—
19% Mar
33%" July
i\s
'
„' I per share
3214
Co
27%
24
%
%
*99%
*91
MototblfeInc
(John)
Products Corp
Feb, 19
War XT.
28%
40 Vb-
33
-
Motor
19
*110%
29%
50
,
18% July
18
111'%
29%
10%
27%
1
So
cbm_^___No
29.% May 27
Oct
*110%:
29 J4
10%
49%
x_Nb par
23
May 27
;'Jun '9'
*39%
iiiy2
29%
10%
32%
preferred series A——100
Morreil
:
10%
39%
,
33
*59%
series'
i,40(L
'
*noy4
30
99%
par
Chemical Cb
"r\
40%
27%
i——x_-—10
RR
7,500
92
—18
com—x_N6 par
22
Liar S
*
1
x—i
1,300
1,100
-
•' 172%
40%
91%
10%
99%'
1st pfd——i._—__ —llOfr
9
*171"
39%
'
LOW AND HIGH SALE PRICES
Tuesday
Wednesday
July 27
July 28 v
• per share
*32%'
8
11% Jan
111%
Scottxx-No par
&
20% Jan
Feb
I per share
Co__—Ii__——'r —5
Nov
•
40%
29%
$4 preferred series E—Nb£at
Montgbniery Ward &•' Coi—_Nb par
May 21
Jan,
:
42%
91%
—5
com
common—1
$3.25 'preferred
17% May 15
Mat 17
27%
11
*39%
*
47% Mar 16
25
-11
*110%
__No par
Corpj-
Monsanto
,
May 15
112%'Apr
0
■
23
14% May
11%
40 y2
%
Co-'.
27% Oct
;
*11
*39%
Nb par
Inc
Cdrpbf Mills.
;
Mojud Hosiery Co Inc_—
Monarch Machine Tool—
6.
61% May 17
'
1%
172%
42%
:-v
83%
Coi
MohaWk
24
17% Dec
17% May
For
34
17
27%
14%
'
Dec
May
.
:
11
v
64%
23%
39%
*81%
Transp Co__„No par
Mo-Kan-Texas
*171
37%
•
83%
Mini) "Mbiine Power Impl com—i_l
$6.50'preferred——x
^_No par
Mis si OH
9% July 13
11'
10
Pub
Robbins
Steel
cum
39%
62'A
23%
•
*81 %
CLOSED
Inc
39%
•
,f.
-3,800
1,000
'
'17%
65%
23%
91%
92
;
*
15 y2
.
83i/2
■
14:
••
:
2,100
MV#?"-
: loiy2
18
x85 %
r
310
24 y2 .24%
*100
*81%
Co
Minn Min & Mfg__
$4 prbferrbd
■
July 14
73% JUn
24% Mar U;
102
17
92
f
23%
172%
43%
*42%
16
8,500
91%
Minn-Hbneywdll Regul com—'
3
3.20% conv pfd series A
x^-100
3:
May 17
121
10
43
91 %
25'A
700
.
7
91%
Minnbap Ss St Louis-Ry__
N6 par
Minn St P & SS M A vtc—N6
par
21
39%
7,500
16%
■•?
92%
—1
Min
Co
Midland
18% July 13
11
Feb
May
105% Jun
11
42% Feb
98
78
2
10% Mar 16
13%
,
56% Apr
'
11
24
*171
172%
91 %
67%
23%
'
.
39.;
43
.
67%
38%
23%
24%
i-
•
21%
7 .'■/
16%
*91%
Copper
8%
'
21%
*
16%
92 »A
STOCK
MidfCbntinent "Petroleum
2
July 13
25%
% Sep
*171
-
-
May 10
51%
.
"
92
'
tlS
22
*91%
EXCHANGE
Metropolitan 'Edison 3.90%
Miami
67%
23%
38
>
300
100
ny8
92
100
Merritt-Chapman
15
16
54% Mar
Dec
;
67
18
*21%
•100 =, 101 yaw
15%
15%
ib?;
?'
10%
•••
7% ■f TVs
251/a
1,200
10
23
'
16%
191%
*100/
;18%«
:
24%
44%'
25 %
■
101%
38
172%
7'A
16%
Ml'A
500
9
;
84
--1
Mesta Machine
17
27
88
Dec
121, Oct
56% Octf
Jan
Mar
Jun
Jun
9% Mar 17
.102% Dec
May
48.
140
&
9
10
*21%
*82
com
SlJ.56 cuhi preferrefiiix—
19% May 27
69% Maj) •f
11
Merch
•."25
18
22
IVb
*16%
.£/
16%
11
"
560
*91
1-st preferred—^ixx. -50
Stores Co Inc_—
.3%
conv
Merck &
44% Juri 30
Mar 16
12% Feb
■
-
35
129% Feb
114% Feb
Dec
28%
Nov
Mar
66%
Apr
104"
Dec
)
104% May 25
6
15% Nov
14%' Feb
,
Dec
7'
13
38% Feb'
156
6% May
47% May
99
Mkr 10
Feu
45%
,
10% May
51%
16
36
18% Mar
Jun
84%
23'
27% Jun
94
48%
29% May
f:
95% Jun
Jaii
47%
Apr
136%
10
88
111% Aug
Dee
12% May
33
11
13
44% Feb
103% Mar
35% May
97%
Jan
Jan
17% Feb
65%
May
83
50% May 8
63% July 13
,
Corp
Stores
Mercantile
'
«'
1,700
a;; 1,700
—No. par
preferred—.
5%
11%
23
*500
mk
*21%
14
'
•
91%
.
19%.May 15
73
13% May
11JA
*21%
"
9
*10
<
20
13 y4
2,100
"
**'
■
13JA
«
«-r
M
35'A
*19%
'
9,700
101'/2
84
...
8
Jan
55% May
"43%
91%
r
Electr-ic
&'
T
•
*12%
*82
preferred'!.—
cbnv
21%
No par
__No par
Stores
McLellan
46% May 28
Jan
24%
^37%
*171.'
-10
Mc-Quay Norris Mfg ,Co_
'Mead Corp common.^__l_Nb par
4% ^ pfd (1st series)—
100
4% 2nd pfd (2nd series)'
:_50
Melville Shoe Corp
1
Ix————
Meh&el Cd (The> ,comipbn_l:—!;. —1
May 25
25%
Dec
May
ye *
18%
July 26
McKesson
$4
23
560
8%
.9 '
10%
10%"iik&r&vk (!/,<•
'
66%
43%
Mclntyre Porcupine Mines
12
23%
66
*91%
•
McGraw-Hill
9
31%
16% May
16
July 24
McGraw
35% May 15
98% Jun
2
9
*22
.7V4
..
a
*100
-
Monday
3%%
May 15
52% May
1
23
21%
Dec
**46%
5
Par
15
2a
,25.->,
fatnrday
McCrory
31
*500
560
*ioy8
2jm
7Va
,
*16%
,
101%
EXCHANGE
36% May 21
101% Jun 14
35
30% May
24%
#100
—i_100
$ per share
May
82
14'A:
1
1.1%
21%
7«A
16%
NEW YORK STOCK
Highest
24
87
7'/8
16%
.
^...No par
1947 series-.No par
common
20%
*14
*500
22
11'
STOCKS
Year 1947
9
*19%-
14%
'
CGrp
Rights
Range for Previous
Lowest
*21%
y
L —No par
preference—No par
cum
11%.
24 %
--—i—
35
*99
13%'
14 y#
10%
22
22 'A
1
McCall
IS July 21
9
^10'A
11 y4
:
Corp.___No par
common-
preferred
9
41% Jan
28% July 30
Maytag Cb
1
*18'?;
.<_i
"'
102
13
20%
*12%
20 y2
560
■
pfd
cum
9%
10'A
23
__No par
L______No par
Co—
pfd
cum
14%
.
*500-
*12 %
,
OO
138
21%-
'35%
*99%
38
*132%
■*;
21%
1
wlCO
^
1
Co__
Chemical
May Dept. Stores
$3.75 preferred.
3,
93
Jan
113
-
35% May
Jun
85
38
14%
9
—__5
preie'rrSd
l'/e:
8
Jan
20'%
10
_No par
^
L)
Electric
Mathieson
6
Nov
2h
.14%
560
*21%
pfd——100
com
preferred
(Glenn
Master
,
Feb
77% Apr
9% Feb
.'
4Vi%
397/8 July 29
176
Jail 26
35% Mar 16
Jan
4
50
108% Mar
11
11
14%
Jun
prior
Co'
&
69% Jun
Mar
47% Feb
100% Aug
97% Mar
7% May
Corp„
6%
Martin-Parry Corp
Masoftite Corp
19% Mar
Dec
Ry
Field
16,
27% Feb
82
St
Marshall
19% Jan
Nov
49%
Midland
Market
16,
Nov
106
Marine
May 20
July 12
29% May 18,
103% Jun
9
Martih
15
20%
14%
.
;25
16
63% iWn
Dec
Exploration——x
102
*37
138
21'A
33%
36Vr
*99
•12%
*500
5
Cbrp^
22% Apr
35%
Dec
Oil
Marathbn
2
26%
39,% May
Maracaibo
,
36%
'
12%
20%
1
——
6
18% July
85
22
Shirt
Jan
24 % May
175
Dec
24%. Oct
88'
7,
14% Jan
14% May
39% May
190
8
17
„
36
38
-
*132%
22%
22 Vb
102
12%
1
20
4
35
*99
12%
„_xNo par
Jan
Man&ti
36
102
*37
37'A
138
*132>/2
22%
.35%
SO
Stighr .Co-—
14% Jun
97
Jan
v
Magnavox Co (The)vx——
Mahoning Coal RR Co
37'A
37%
138
22 Vb
*98»/2
10
a
*37
*132 »/a
.
23
'
Garden—„_No par
Magma Copper>._
25% May 17
15—-Feb 20
May
38
138
Manhattan
10
6% Feb
*36%
*132%
'22
5 '
common
Mandel Bros__——
5% Feb
22% Mar
30
lj_100
com
new
10% May 21
13% Jun 28
18% Mar 18
Feb
Forbes
Inc
Madison Square
23
26
Feb
.34%
Apr
17
Dec
Dec
14
525
Trucks
Macy (R H) Co Inc com—^—No-par
•4%% pfd series A—
<_100
4.
12
24% May 20,
16% July
6
8%
-
Mack
39% May 27
Apr
&
6%, preferred———.
10
20% Feb
Feb
MacAndrews
13,
15% Apr
—16%
May
22% May
-2"
Feb
103% Jun
12
7,
Mar
8% Mar 16
Feb
Jan
.
27% Jun
9% Feb
525
Dbc
27%
40
142
X16% Feb
Feb
7
91
Apr
11% Feb
Jan
14%
22%
27
Jun
98
Feb
18% Aug
5001
Dec
May
9!
Jaii
21% Mar
Jan
21% July 30
30% Mar 16
Mar
15%
Jun
-
36'
132
rni'V
'K<10Q
.J"
J
•
J'!
'
** *
'
—THE COMMERCIAL fc
(458)
22
•
■
■
y -*tv
j,';
NEW
Range for Previous
v
.•
TOTA1VCIAL CHRONICLE
£
-
■
,
*t
.
■
'
-v
\
»
RECORD
STOCK
YORK
Range since Jan. 1
NEW YORK
,
Wednesday
>Tuesday
Monday
Saturday
STOCK
SALE PRICES
HIGH
LOW AND
STOCKS
Year 1947
Monday, August 2, 1948
'
'
Lowest
$ per
35
Apr
-
Dec
9%
Dec
37 Va
Jan
50%
Jun
share
40%
I per share
107%
Lowest
Highest
Feb
33% Feb
Jan
112
Highest
$ per share
$ per share
16
45
107% Jan
2
112
Feb
11
17
Jun
2
Murphy<Co-(0 C) common———.!
4%% preferred
100
Jan
2
Murray Corp of America.com
Jun
29
55% Jan
5
May 15
16%
Deo
13
44%
Feb
38
56
.
Jan
50% Jan
23
Feb
14% Mar.
16
21% Jun 25
May 12
~
.
43
>
V 4%
.
10
preferred
$ per
$ per share
Par
»
i
STOCK
EXCHANGE
(F I)
14%
.
14%
40%
54
53
*41
40%
*52 %
—No par
43
53
'42%
;
110
the Week
1.4Q0
20
107%
108
13%
14
2,900
41%
V100
*39
52%
52
52%
Shares
'•
41% * 42
/ 41%
*39
.52%
Sales for
$ per share
14% >14%
>41%
52%
■e
*42
*108
14% «" 14%
*41
50
Ac Bros
14%
14%
42 v2
110
♦108
110
$ per share
share
42 %1
.42%
42
*108
110
*108
CLOSED
•
Myers
42%
Friday
July 30
Thursday
July 2!)
July 28
$ per
$ per share
share
42
■
July 27
July 26
July 24
EXCHANGE
'
.
400
52
N
W
Miy
19%
19
May
May
29%
Feb
20
Feb
24
27 % Jun
30
Jan
24
Feb
14
29
16%
Jan
7
14
Feb
8% Feb
21
8%
Deo
9%
K
May
10% May
16%
Feb
11% Feb
Jan
34
Dec
29
Jan
34%
Feb
26% Feb
20
165
Deo
Jun
164% Feb
10
21%
Jun
187
26%
,
Feb
17
Mar
St Louis
National Airlines
1
National Automotive Fibres
5
8
45
National Aviation
30% Jan
175% Jun 23
9
Nat
May 17
9% May 21
Jun 17
Bond
Share
Si
8% May
May
13%
Feb
6% Feb
11
43 %
Dec
33 y4 Feb
10
48
National Cash
7%
Deo
14%
Jan
Feb
28
Oct
11% July 19
Nstional
May
17%
Feb
10% Mar 15
13% Jan
2
26%
Deo
2
13
6
38
Jan
24%.Mar 17
32
Jun
14% May
17% May
20%
Jan
14% Mar 17
21
Oct
18
>48%
Dec
25%
Jan
National Can
96
Deo
107
Feb
28
37% Feb
11
15%
Feb
Feb
20% Jun
Feb
25
25% May
36%
Deo
29% Jan
23
38
Jun
190%
Sep
163% Feb
11
177
Jun
136
Deo
167
Jan
134% Feb
19
147% Apr
7% Feb
2
Jan
15%
Dee
8% Apr
,'
28
Deo
74
1%
May
68
Nov
11
x22
17%
Feb
12
11
Deo
13%
Jun
18% May
13% May
24%
Feb
105
P
Feb
18%
10
25
13% Feb
Feb
107
Jun
July
6
16
Feb
26
15
July
100
28%
38
Feb
Dee
106
Mar
87
11%
Dee
13
Nov
Dee
35% May
Deo
108% Jan
&
xl7%
Deo
Dec
38
Feb
20
102
Feb
17% Jun
32% May
230
Not
>
80% Dee
167%
300
22%
23%
22%
*7%
23%
23%
600
7%
45%
6% <•: 7 1
7%
7%
7%
1,900
44%
>8->
,
45%
45%
42%
43%
4,000
3,200
7
6%
6%
7%
6%
11%
11%
11%
11%
11%
11%
11%
4,600
1
12%
12%
12%
12%
12%
12%
12%
12%.
12 y4
12%
1,700
No par
293/4
20
29 %
"
44
29 3/4
29
29%
17
173/8
16%
16%
2,100
19%
19 y«
19%
19
I9y8
15,400
43%
*41
44
*41
•
*41
17%
17%
17%
18%
18
18%
94
95
93%
93%
94
94
33%
323/4
333/8
33%
"33%
33
33%
170%
*170
173
*170
172
141
141
*139
143
140
140
17%
18
94-
94
*139
170
170
142
6,500
90
'
4,800
33
32 Vb
33%
170
400
43%
18
95
17%
*94
170
199
199
1
6,200
29%
17%
19 y4
19%
30%
17%
>17 >
*41%
•
7
>
170
340
120
141%. 141%
6%
6%
1.100
23%
3.000
3/4
13
1,900
23%
;
23%
2,500
22
7,000
6%
6%
23%
23%
3/4
%
3/4
3/4
*
No par
95%
96%
953/4
97
96%
97%
953/4
953/4
95
95
23%
23%.
23%
24
23%
23%
23%
23%
22
22%
22
22 3/4
22 >/4
22%
22
22-/4
20 3/4
88%
89%
89%
89%
883/4
88%
26
26l/8
25
25 Vb
600
13 y8
12%
12%
500
500
Steel
National
Corp
6
4%%
Supply (The) Pa com—19
109
Natomaa
90
27%
27
13
13
12%
10%
*17%
commoi
serial preferred—199
26% May 21
18
90% Jun
23
24%.
*26
27
*13
13 Va
*12%
*103/4
11
*10 3/4
11
103/4
*15
15%
15
15
17%
*17%
17%
102
17%
102
*100
32
32
*31%
33
*31%-
92
93%
93%
*93%
11
11
11
10%
31%
11
99
*97
99
*97
99
59%
61
61
61
60
61
59%
21%
203/4
21%
20
21%
20%
20 Vb
*97
20%
*84%
20%
86
*84
S'6
*84
86
*84
120
•v
,?
3,400
99
*97
€0
2.800
20%
5,200
86
*84
86
300
31%
10%
60%
99
59%
„
94
103A
95
107/a
.
94
33
91%
10%
300
102
*100
102
600
17%
17%
17%
*100
93
*97
80
10%
15%
10%
33
1,800
*15
93
*31%
System
>9
New Jersey Pr St Lt Ce 4% pfd—199
Newmont Mining Corp
;—19
Newport Industries common
1
4% % preferred—.,,, —199
Newport News Ship As Dry Dock
l
9
6%
%
10%
*100
rc
6
24
15%
*17%
18
6V2
24
'
12%
*15
102
*100
89%
-27
10%
10%
15%
Newberry Co (J J) common—No par
3%% preferred
109
July 12
*87%
*14%
New England Elec
8
3/4
f
*27
-No par
couv
%
*88%
-Nepal
Co
Corp.
4%%
*6 3/s
23%
19
Fibre Oo
Nelsner Bros ine
24
6%
23%
—1
Co
Tea
6%
23%
'
3/4
%
preferred
Vulcanised
Nehi
f
May 17
Ref Co
"
29
29
29
28%
29
Feb
Meb
5
Brake
Ne par
*403/s
40%
39%
40%
39%
39%
300
12% Feb
11
18% July 12
New York Central—,
No par
17
17%
17
173/4
17%
17%
17%
17%
165/a
17 Va
50,800
Deo
39
Feb
10
92
N Y Chic Si St
109
81
83
81 Vb
82%
82%
85%
81%
83
81
83%
3,500
Dec
121
Feb
11
144
Oct
20% Feb
36
62%
:
11
31% May 19
43% Jun
July 12
July
11% Mar
9
3
27
Mar
Jan
49% Jan
19
Feb
200 i Jan
19
255
25% Bep
20% Feb
290
6% Mar 29
107.
16
N Y Ac
Mar 18
86% Jan
14% Feb
96
6
gep
27
81
Jan
2
88
4
Jun
*20
25
*55
60
*53
57
*53
57
*53
57
*53
57
*230
250
*230
250
*230
250
*230
250
230
230
55
26
Deo
30%
Sep
25% Mar 18
28% Jan 13
16% Deo
33%
Jan
14% Mar
3
17% Jun
17
North
American
Co
6% May
83% Deo
10%
Feb
2
13% May 10
North
American
Aviation
115%
Jan
30%
Nov
22%
8
Feb
Jan
62
12 >8
13%
13%
13%
13%
13%
123%
13 Vb
6.800
38 Vb
38%
38%
38%
38
33
36'%
37%
2,300
91 Vi
9i%
91%
91%
91%
*90 Va
17%
16%
81%
16%
92
92
*90 %
,1:
'
*17
17
17
■*16%
'17
Norfolk
93
Jun
36% Juft
84
*82%
85%
*82%
1,600
85%
24
23%
23%
23%
23%
16
.153/4
16
15%
15%
30%
293/8
30
30
30
59%-
59 Vb
59%
60 3%
60%
*27%
10
153/a
153/4
15 Vb
15%
153/B
1
12 Vb
12%
113/4
12
11%
*86%
88%
*27 y4
28
*27%
88%
*86
;2oo
1,600
,
15%
15%
15%
*29
30%
*29 Vb
30 Va
800
60
60 Vb
59%
2,900
27%
27%
15%
-,28
59
*263/4
27%
100
15%
15%
15 Vb
15%
13,400
.12
11%
11%
11 %
11%
15,000
88
*86%
15%
*86%
88 ya
*86
88%
32%
33%
32%
33%
33
33%
33
33 y4
32 Vb
32%
5,500
23'A
23%
23%
24%
23%
24%
23%
23%
22'%
23
9,300
823/4
Northern Pacific Ry.
27% Jun 24
*82%
*23%
16
Northern Central Ry Co
Northern Natural Oas Oo
14
11
11
84
24
59 %
28
280
,,
30
84
*23%
84
24
a
Si
-20
Adjustment preferred
11
25% Feb
*
: '
Ry eem
ft Western
*
16%
t
29%
Noma Electric Corp common......!
Nopco Chemical a*
11
82% Mar 10
16% Feb
*82%
*23%
l. 5 8
5
Jun
10
14%
38 %
*16*
1
1
17% July
36% Jan
Feb 18
1,900
13 Vb
pfd_199
Noblltt-Snarks Industi*as.
18%
38
As Qss Corp—
29% July 27
1,400
18%
24
State Elec
<i«a
1,900
139
18 Vb
*22
Sfylpbldg Corp partlo stock
Nov
15% July 20
19
24
Power A Light 3.90*
21
138%
140
*21
83.75 cumulative preferred199
25% Jun 21
*139
18%
18%
18%
26
89
64 %
Deo
140
140
140
18
*21
series A—•—>.199
20% Mar
13% May
140
141
,
18
N Y
10
,<
.
100%'Aug
L>oc
140
29
26
N Y
;;Jun 17
19% Apr
41
*21
Harlem RR Co
Preferred 5%
29
*403/a
*17%
N Y New Haven & Hart RR Co.lOO
9
39% July 12
28%
41
No par
preferred
non-cum
29
par
common—^.Me
N Y
Mar
28%
*40 V*
preferred series A——109
No par
$5
25
14% Jun
10
Louis Co eom
York Dock
New
2
Jun
Air
N Y City Omnibus Corp
19
Jun
61
6%
6
23% Apr
20
York
New
9
Oct
25
167%
*165
11%
A
B
56% Dee
;
171%
29%
171
6%
•
25%
J3%
500
293/4
18,300
Feb
20% Feb
26
.Aug
s
23% Key
41%
29%
12%
137
Deo
Dee
41%
28%
50
•2
10% May
12%
423/4
22%
May
18% May
80
May
11% May
19
Apr
64%
12%
*41%
.46%
p.. 26
12
~5% "not
July 28
83% Mar 23
'
800
12%
12%
Mai A Stl Cast Co—No par
Natl Power Si Lt ex-dist
No par
Natl
64
<
2,000
12
11%
Service Corp
2
97% July
13
800
2,900
6%
12% Jan
3
Feb
preferred
preferred
/
25% •'
> 7
11%
12
1,050
27% v
30%
22%
8
45%
•'
7
7%
12,100
18%
-
-
42%
*165
22%
7%
26
25%
12%
■
45
17%
••
29%
t
171
22%
8%
45%
18%
->-26%
25% ' 25%
11%
35
May 15
98% Jan 12
10
90 Va Mar
44%
32%
22%
/
Feb
22%
7%
Nat
12% Jan 26
x27% Mar 12
22%
45%
:
42%
29%
*165
171
*165
12%
42%
29
>
43
6%
19% Jan
10% July 19
•5%
;
Nov
•8
29%
423/a
July
Jan
*12%
*42%
13%
42%
19%
National
19
12%
17
Jan
104
12
29%
15% May 26
Mar 16
12%
193/4;
30% May 27
.
12 Vb
12
12
17%
National
94
10
16
Feb
Jan
12%
■
30%
National Sugar
18% Feb
85% Feb
29%
7
19%
5
25 y4
7%
18%
26
-
—1
Co
Stores
National Linen
1 : Jan
2
101% July 12
25% Jan
7 Vb
17
1%
24% Jun 10
22
20% May
12% Dec
*
11
81% Mar 10
Jan 22
28% Jan
23% Deo
100
Sep
Mar
96% May 19
U Mar 30
Jan
95
21% May
12% May
15% Feb
Jan
7%
29%
Co com
1
$4.50 conv preferred
No par
Nstional Lead Co oommon19
7
6% July 19
6%
7%
7 x/i'
Nat Enameling St Stamping—No par
7
87
26
42%
National Gypsum
10
Deo
26
26
Prod ——No par
Nstional Dept
9
165,
Register
National Distillers
22% May 21
43 V* Mar 30
11
Corp
National Cylinder Oaa Co
National Dairy Produote
May 21
23%
30% May
14% May
y
Corp
Container
33
19
25
26%
12
..109
No par
19
No par
—.3
Lines Inc
15%
9% May 20
13% Jan
2
Net City
Dee
13%
;
18%
24%
26%
B
common
preferred
1%
25
Co
18%
24
26%
4
19
National Battery Co
National Biscuit
18%
24%
7%
.
Ine—1
Corp
8
5
July
19
26%
109
1
Jan
17% Mar 22
Mar 18
20
Ac
Nstional Acme Co
13 % July
11
27
18%
24
Corp
Nashville Chatt
23
10% May 20
July 29
24
Nasb-Kelvlnator
83%
*82%
83%
83%
84%
84%
84
84%
>330
12%
12%
12% -12%
22%
22%
22
37
36%
Northern States Pwr Co (Minn)—
79%
Deo
102%
Feb
11
81% Jan j>2-
90
Cum
Aug
22 y4
Apr
11%
July/a0
19% Aug
33
Jun
17% Mar 20
25%
20% July 30
45%
Oct
Jan
2
27% May 17
40% Apr 24
cumulative preferr«d
Northwestern Telfgrapk
6% Deo
12
Dee
13%
Feb
18%
Feb
5
Mar 8
10% Mar 18
7% May 21
1*% Jun »
Norwich
34% Jan
Norwalk
Pharmaeajt
S per share
12%
22
22%
37%
37%
37
37
*5
5%
12%
5%
No par
*12
.If*f
u
12%
223/a
NEW YORK
Range since Jan. 1
Highest
Lowest
$ per share
Highest
$ per share
*36%
'
5%
13
?
12%
LOW AND HIGH
STOCKS
Year 1947
Lowest
_
Tire * Rubbm
Range for Previous
?,
12%
19
59
pfd $3.60 series
Northwest Airlines Ins
83%
12%
22%
Ne pas
oommon
19
4.6*
£ Mar 19
STOCK
$ per share
Par
July Hi
Sper share
$ per share
tper share
12%
7,600
22
2,400
*36%
36%
t'
37
5%
*5
12%
12%
12
30
'
5%
..... •,
100
.
12
300
SALE PRICES
Friday
July
$ per share
$ per share
Sales for
July 39
Thursday
July 2K
,
11%
203/4
S 22
*5
13
Wednesday
/Tuesday
July 27
Monday
Saturday
July 24
EXCHANGE
5%
'
*5,
*12
!
the Week
Shares
$ per share
o
87
DM
Jan
27% Feb
91%
Deo
111%
Feb
92% Jan
2
103
Jun
18
Apr
35 y«
Dec
26% Feb
11
43
Jun
15 '
,81
18
Deo
: 17% May
;»3
Deo
; 7% May
38
22
16% Apr
14
Dec
22% Feb
11
9
xl09% July 13
Mar
18% Jan
8
Feb
*89
Mar 16
100
Jan
Feb
20
Jan
2
23
33%
Feb
27
Jan
26
163%
Oct
Feb
25
12 V4
Apr 20
Jan
147
28 Va
Feb
17
July 19
23
Jan
.84
Aug
93
Jan
83
Jan
89
Feb
61
Nov
10
July
10
Msy
9% Msy
Jan
>4
'
51% July 20
16
i Sep
Feb
62% Feb
11
343/4 Feb
13
x!3%
Dee
43%
80%
Nov
11 % Feb
Jan
—
62%
39%
l«>o%
Deo
3% Msy
81%
>
4%
8%
L
47% Mar 16
30
55% July 13
44% July 23
89% Feb 27
Feb
Jan
1
Feb
4% Feb
Opt
41% Feb
11
7y4
134 <
Feb
14%
Feb
i% Jan
4% Feb
Nov
46
Feb
92% Jan
12
6% Feb
Feb
Deo
32%
37
Sep
63%
3
;
Deo
Deo
11% Jun 21
Lighting
Mills
Pacific Telep Ac
Corp.
Western
Packard
Motor
4%
Panhandle
A
Prod
11
26% May 27
Paramount Pictures
10
51
May 21
3% May 17
Mar 16
34%
24% Feb
14%
Feb
8% May
32% Sep
15% May
Feb
24
16% Jun
38%
Nov
29 % Jun
28
37
38% May
48%
Feb
38% Feb
27
i
9
page 26.
•:
2
30% Jun
11
6% Mar 16
>
33% Jan
11
10.
May 17
Jan
49% Jun
18
7
1
Park
convertible
com
52
i
44%
98%
100
5
1
49
...
5
No per
9%
*17%
50
>.
37%
•53%
1,400
150
80
200
34
5,600
150%
*17%, >18
.,
15%
15%
52 y4
20
'V-
300
>
15%
*10%
*36%
37%
*36 %
*20 &
52 7/a
52%
53
43%
44
43%
44
99%-
99%
34%
^
*52%
,
1
43%
99%
51%
99%
!
1,600
i
4,600
138
:
99%
139%
650
'
139
139
5
139
5%
t
*5
139
47/a
5
47 %
49
5>r
.
5
10
9%
50
5
97/a
17%
*17%
17%
50%
5%
10
17%
49%
5
9%
17%
50
5%
'
9%
10
17%
*17%
62%
62
62
60%
98
98
98
98
*96%
9%
'
9%
25
25 y8
25%
105
103%
103%
1
21%
22%
21%
♦44%
48%
*44%
22
48%
217/a
*44
9%
9
24%
*23
103%
22%
47
2%
2%
287/s
287/a
28%
28%
28%
2%
28%
*28%
103%
217/s
*44
9%
21%
22%
v
*44
:
2,500
33,100
15,300 :;
9%
18
200
62%
98
8%
3,100.
.
^
-
?
>
•
23%
9,800
30
22%
24,600
47
23/4
2%
2%
28%
28 %
28%
28 %
28 V*
28%
8%
7%
2%
28%
*8
*16
16%
16
16
16
32
32;
32
32
46%
46
46
45%
46
-270
a.800
105
*28
8
:
*1033/4
47
8
•:
8%
23%
24
103%
8%
*8
8
9%
24
*103%
30
2%
2%
>40
if 2,400
'
4% >5
5%'
'
49%
48%
,
139%
*138
5
4%
62
8
5,000
53
43
30
60O
.
98
62%
No par;
:>
34%
42%
,
>30
•
20
98
Parmelee
'
343/a
61
24%
■
20
'
98
9%
9%
.
40
37%
53%
43%
700
15%
70
20%
35
6,200
11%
*65
<
37%.
>
y8
*36%
70
v
40
*10%
11%'
*65
53
15 3/s
15%;
11%
67%
85
52
53%
67%
35.
98%
*82
85
V
♦10%
20%
98%
287/«
2,200
7,400
600
¥
8
500
'
16
16%
V
Penick A Ford
No par
*30%
31%
'.,31%
Penney
No par
45%
46%
45%
(J C) Co
152
*82
20%
•103 %
I
32%
X173/4 '18
52%
29
Enterprises
35 y4
98
2%
Patino Mines Se
22%
61%
28%
Transportation
15%
11
100
7
96 y4
*22%
*150%
34%
,
19
28%
Co
'
20%
5%
10%
Parker Rust Proof Co
&
*95"'
>
96
83
34%
./
1
Davis
10 Va
103/4
98
100'
1
Utah Consolidated Mlnea
7,200
1,990
22%
17%
20%
98%
No'par
>
.2.00
Parke
500
33%
105
85%
V*
34 Vb
*22
61%
No par
Ino
152
"
•:
.34%
139%
5 ;•.
♦138
Iff
preferred
10%
.
/IS
10%
!•'
96
X52%
66
*36%
52%
43%
.
—
No par
31%
103 %
'
-No par
Park Si Tilford Inc
4%
Inc
*17
18%
34
500
,250
16,000
38 y8
'
'
17%
83
'54
10%
.
35 '
Refining
18% Feb
Paraffine Cos
17%
66
11%.. ?.
20%
,
*95
>83
*15%
15%
66
374w>
preferred
34% Feb
Mar 16
52%
36
Oil Corp
Car
Jan
2
52%
'
Pacific
Jan
28
83
152
34%
Pacific Tin Consolidated Corp
28
Feb
*17%
V
IOO
105
Jan
*150%
*150%
15%
It
preferred
2
Jan
152
'
173/4
€€
No pax
Teleg commoa
21
8
35
.No par
Pacific
Pacific
Feb
May 27
34%
20%
preferred non-etun
Jan
Jun
35
,-,11%
Panhandle East Pipe L com
May 17
34%
1
15
100
35%
If
.
Pacific Finance Corp of Gallf
6%
*•:
87
non-cum, lie par
Pacific Gas Si Electric
:
22%
.
105
32
100%
■
Pan American Airways Corp
2%
Pan-American Petrol A Transp—■
43
see
preferred
2nd
22%
52%
21
28% Msy
7
: Deo
For footnotes
„
-24
*83
22
July
4%
1st
96
*22
*17
-SJ9
Co
Pacific Amer Fisheries
10%
10%
96
22%
*150%
II
AS Mfg.
10%
10%
96%
35
No par
preferred
97
-
19%
—19
common
10%
10%
22%
37 Vb
106
333/4
/
96
A—109
65% Jun
11
9%
_
108
preferred
*17'/4
34%
106
100
39%
38%
17%
34
105
21% Jun
5
Mar
6
62% May 21
5% May 17/
HV2 May 21
27
65
7
34%
105%
Pacific Coast Co commoa..
v
8
MarlS
6% Anr
13% Mar 16
109
Dee
33%
147
13
8% Feb
;--3 ouiy
96%
^
104 % Jun
10
Deo
Deo
13
33%
104%
31%
323%
101
*100
393/4
17%
34%
Owens-Illinois Glass
18% Msy 17
Feb
: Feb
6*
2
Jan
Corp
Elevator
Outlet
17%
17%
17%
17
19
323/4
101
39%
105%
Outboard Marine
5'
27 :
36% Jan
7
AO
•>
30 y2 Mar 17
Jan ,'
Otis
*99%
39%
33%
convertible
.
99
38%
*33
105 J/2
Oppenheim Collins
15 > May 27 ,
73
Apr 13'
43% May 28
217/a Jun 15
15% Mar 20
-
Dee
40% Jsn
90
'
27
168
Jan
axekj
73% Jan
10% July 27
Oct
Oct
131
17
19
46%
25% May
Mar 17
80
Jan
<
i
8*
*33
99
39%
Ne par
convertible
Omnibus
.
5
pfd
33%
99
38%
CLOSED
33%
99
EXCHANGE
preferred—109
(Ths) common.
9
Corp common
'-4%*
37% Jun 23
154
Jan. 29
; 19% May
>
Oliver
Jun 17
28%
118
.199
-Ne pax
33%
33%
STOCK
eoi
preferred-
Oil Co
Oklahoma Oas ft Else 4*
17
Feb
8ep
May
;:00
4.40 *
Ohio
36% July 13
92
13%
May
149%
Ohio Edison Co
16
Feb
15%
,
34% Jun
July
27%
107
86
84
10
16%
15%
15%
,1.2,100
32
30%
31%
1,600
45
45%
5,400
.
'
Volume 168
Number
THE
COMMERCIAL &
NEW
7?
Range for Previous
7
Ranee elnoe Jan. 1
~
Lowest
Highest
I per share
$ per share
9 per share
16%
Oct
11% Feb
Feb
15% Feb
11
29
Sep
36
Apr
X107
Deo
117
;Jan
28% July
110
Apr
18
% Dec
22
Jaa
15%
Dec
15% Jan
112
8
11
26%
Feb
16% Feb
May
51%
Jan
41
Feb
20
Dec
118%
Sep
103
Feb
19
45%
Dec
55%
Nov
33
61%
i-
Jun
i'101%
Feb
86% Feb
r.
;
6
22
Dec
May
13%
17
4
20% May
22
•24% Jan
30% Jan
25% July 30
Jun
Dec
Oct
Jan
47
48%
Dec
40% Feb
18
Deo
69
:97% Deo
11
14% Feb
62%
Mar
•11%
Dec
109% Aug
27% Jan
<23%
Deo
*29%
111%
Deo
l98
Deo
Jan
64% July 12
Pfizer
59
July 13
55.
May 19 1
JXB
Phelps-Dodge Corp.
Philadelphia Co 8ft preferred—60
Feb -. 5 '
5
21% Feb
22% Jan
26
21
25% Jan
2
115% Jun *• 9
28
103% JUn.10 :
'21
Jan
35%
Nov
Dec
98 Vb Mar
v25:-
Deo
43%
?-
Dec
l85
21
81
101
43
Jan
July
63% July
18
Jun
?-
Apr
99%
Deo
96%
Dec
.
88
38% July
108
May
Dec
16%
Deo
18%
Feb
96%
102
Jan
Oct
Mar
32%
Dec
46% Apr
Jan
64% Jan
12
1$
98% Apr
11% Feb
145
Jan
163% Nov
203
Jan
157
Feb
34
15
140
140
11
Jan
28
Dec
19
Jan
145
200
May
17% May
38%
Oct
5,
Plllsbury Mills Inc
8
64
14
Pitts Coke A Chem Co
10
V
$5
convertible
Apr. 14.
Jun-
9•
July 15
94% May 14
82 % May 10
26% Jun
9
161
28% Jan 22
46
July
7
% July 13
Pittston Co
14% Jan
12% July 28
70% May
4
9% May 10
Plough Ino
Pond Creek Pocahontas
6
35%
Oct
29% Feb
14
46
19%
Oct
12% Feb
13
Poor
Pressed Steel car Co Inc
Jun
Plymouth Oil Co
24
15%
Nov
12% Jan
28
16% May 20
14% July 121
May
16
Feb
8% Feb
27
11% May 18
Dec
43
Feb
16
71% Jan
27
28% May 25
Dec
71%
May
15% May
Deo<
30% May
Nov
30% Apr
62 % Feb
32%
67
Jan
18
102%
38%
Feb
Jan
Feb
81
Mar 11
94
61% May
21% May
61% Feb
♦109
*106
£
.
98%
23%
23%
109
106
18%
53
23
23
99
106
,
'■
*88%
41;
.
90
18%
40%
42
*88%
90
31%
32
95%
85 %
85%
85%
407
*89%
91
'
69% 7 70
♦11%
'
18%
♦88 %
34
*92%
21
168
..
.
.
8%-
.91
66'/a
168
13
*12%
13
69
72%
*12
13%
13%
16%
■
33%
33%
104
>
69
103
*107%
13%
14
14%
93
93%
93
34%
34%
34%
21
21
21
*148
169%
♦167%
35%
8%
8%
16%
;
*77 Va
79
*22
23%
160
A
40%
*91%
39% July
40 % Mar 17
53
29%
Dec
x25% Feb
5
Jan
101% Feb
13
108
94%
Deo
36%
Feb
*28
Feb
11
84%
Dee
*31% Feb 20
79
16%
5,300
'
8%
16%
~60
*
167%
35'/a '•35%
'
8%
2,000
16
15%
2,000
23 >A
*154
♦160
86 Va
79%
23%
87
•78%
79
23
>'21%
*154
160
*154 >
41%
41%
,41%
11 %
12
12
12%
12%
*12'"^:-
12%
48
/
•
430
>;
79
*78
,
22
160
41
-57%
86%
v
41%
700
157
167%
:
36
♦160
87- > '"■
23%
160
3,100
"
86%
79
♦154
•147
168 %
8%
16%
.16%
—
"
35%
.8%
*160
86%
v
-20%
157
168%
8%
16%
86 %
v' 40%
v
Public
6
.
Service
Pullman
5
Pure
May 18
50
'
21%
700
^
159
"
39%
40
1,900
com
Co
of
33
25% May 23
t
^
46%
47%
45 «/4
45
45
14%
14 Vv
13%
14'/a
13%
133A
14
13%
14'/a
13%
14%
,83/?
A 8%
14
14
14.
13%
r9.': •••'••:
.30%
68%
68%
8
*7 21%
85
f per thare
7% Feb 20
Feb
11
Feb
27
Mar 31
28% Mar 11
% Feb
20
Jan 28
14
•:iA'"
8%
30%
'
9%
*31%
8%
32
31%
*.'■
68%
22
*16%'
■i
2,500
21%
85 -
2,800
84%
84%
38%
38%
"38%
84%
38%
21%
22
21%
27%
27%
42%
43%
42%
43%
42%
35%
34%
36%
36%
108
♦107%
32%
32%
27%
*84%
LOW AND HIQI
Monday
July 26
July 24
■ per share
38%
1,500
V 21'A
21%
27%
5,700
27%
42%
42%
42
42%
8,400
36
36%
34%
35%
21,000
*107%
32%
32%
27%
108
*107%
32%
Feb
20
24
/ Jun
Radio Corp of America com—No par
$3.50 oonv 1st preferredNo par
17
75% May 27
11% May 19
98% Jun
34% Jun
Radlo-Keith-Orpheum
4
18
X36 >
pfd
STOCK
Wednesday
July 28
Thursday
May 17
27% July 12
>
CLOSED
X
100
*71%
iperekarB
12%
12 %>
12%
12%
12%
71%
71%
8'A:.
8
71%
71%
73 -M
74
*92%.
94
v
*2G'%.
31%
J 33%
•
33%
.
8
,
Air
7
45
Apr
-
27
4ft
non-cum
Jun
2
4ft
non-cum
1st preferred
2nd preferred
Real Silk Hosiery common
7ft preferred
•
*92%
s-
>
33%
34
8%
94
7%
-A-
32
♦30%
.
34% A
./■;
■33%
Reeves Broe Ino
Rels
(Robt)
A
43?'-
So
•
BOe
Friday
-•'■■§.pef:9har§;i.
*35%
7
'
*12%*
*105-
7-
*15.- 7
10%
'
.*22%'
—
24
8
Reliance Mfg Co common
Conv pfd 3% ft series:
Remington-Rand common
$4.50 preferred
7
Reo Motors Ino
1
Republic Aviation Corp
Republic Pictures common
1
27
A May;. 8
5V4 May 20
11% May 2131% Jun 14.
Jan
5
10
32
17
96
% Feb
20
8
Feb
27
Apr
19
36
33%
:1:X
32
18:-p Deo
19%: Sep
42% May
20% l^ov
24% Oct
68%
Oct
84% Jan
17%
26%
Feb
13 Va
15% Mar
17
For footnotes see
page 26.
8
Marie
11% May 26
41V4 Jan
2
22
July 30
'•
1
34
*63
21
Richfield
15
*105
Oil
Corp
29% July 12
,
May 28
\
Ronson Art Metal Wks Ino
Royal Typewriter
Ruberold Co (The)
Ruppert (Jacob)
h
24%
1,400
'?24:* 24%'
.
33%
36%
36%
13%%
♦13
13%
13
13
:
*105
*105
108
13 Va
*105
108
5.500
:
7 108
108
*42%
,
45
?;
400
100
?"•
1
/200
.
15 Va 7
15
15
10%
10%
10%
•10% 1 10%
24
*22%
23%
♦22%
24
22%
100
12%
12'A
*11%
*64%
12 Va
*11%
12
300
66
♦64%
66
'20
12
16,800
15
24
*22%
.
>12
12%
64'A
12%
64 %
A
15
V
*64
65
14%
10%
66
14%?
•
14%
14%
1,300
10%
10%
10%
1,000
22%
7
13
12%
12%
11%
12%
11%
98
*95%
97 %
♦95%
97 %
*95%
97%
23
22%
22%
22%
•22%
.97%
22%
*95%
22%
22%
22%
11'A
11%
11
11%
11
:■
11%
10%
10%
3%
7 3%
17,600
■A'! 3% 73%
2,100
': 1,100
21,500
>12%'12%:;
1,100
'•*'% V(
•
-80s
No par
preferred
Roan Antelope Copper Mines
Robertshaw-Fulton Controls
4% ft conv preferred
12,400
22%
.
3%
"***
?
3%
3%,
3%
3%
3%
"
v*
9
9
?!
♦108%
109
*108%
109
108%
18%
18%
19
18%
19
18%
18%
18%
94 7
94
95
95 ':<
7
>
7'A
7
23
237/s
23
100
9V4
;
*
9>A
'
t,
91%.
91
1
21%
217/a
No par
41
No par
*24
26%
7Va
47%
'
*93
95
'
7%
23%
24
7
9%
9%
37
47%
•
8%
6%
7Va
23%
101
v
23
*99
28%
108%
.
18%
100
.v
2,400
95
60'
67/a
13,800
23%
3,200
101
•
70
91
8%
8%
1,000
37%
37%
37%
10,100
*45%
47%
*45%
47'/a
92
90%
90%
300
21%
38%
21 Va
1,900
32,000
37 Va
9
91
91
21 Va
21%
21%
21%
21%
21%
42'A
41'/a
42%'
25
23
24
<
*108
*90%
37%,
47%
♦45%
7
23%
♦100
*100% •101
9 V
37%
*45%
'
7 Va
100 Va
9:
*90 JA
*93
23%/
.r 37
100
10%
'94
.
A 100
100
37'A
5%
,
9
27%
109%
36%
•45
;
28
9
28%
18%
1
Co„1
11 Va
94
100
10
1
1.1
28%
108%
*108
2.80
Rltter Company
uW
*95 %
—25
lo
Jun
6
•13%
*13
?r
24
*35%
9Va
Rheem Manufacturing Co
7-7
'''
•*.
*42%' .44%
29%
series
32
44%
9Va
3.60ft
J/7' 40
34
•
37
28%
Preferred
*30%
34% : 34%
'
34
*42
9%
com
??
95
""
*35%
j
29%
Jun
•
:
A
37
9'A
convertible
700
•
11,500
7
12%
'
Common
18% Jan
12%
A
50o
com
Reynolds Spring
Reynolds (R J) Tob class B
7 Va May 21
12
July 12
72
13%
108
45
*35%
25
24%
28%
1
May 21
27% May 27
♦42%
^
i
9%
8
22
44 Va
37
/
28%
49
14
'24% i: 24%
*9'A
8%ft
7%
•93%
'
51,909
74
?,:• 7%
t
35>. 735%
•
28%
28
19% Feb
100
preferred^
Drug Ino
Reynolds Metals Co
22
104 3A Jan > 5
24% May 18
8
Bhares
11% 712%
7
94 r
34
10
Jan ;
6% Feb
—8
Rexall
May 15
29% Apr
convertible
Jun
July 19
the Week
74
8
*30%
35'A:
33%
•s x
33%
12%
A?
94
No par
6ft conv prior pfd series A—100
Revere Copper A Brass com—No par
5% ft preferred
100
21% May 15
Va Feb
$1
Republic Steel Corp
111% July 14
15% Feb
10
•als« tee
1 per thare
1.;)774
7%
94
*30%
1«
35%
8 %<
♦92%
Co—
$1.28 div prior preference
10
Reliable Stores Corp
No par
15% May 21
>•
24%". 25 Va
SO
—100
—
21
11
■!
'
Reading Co common—SO
12
Feb
23f-
1,100
July 30
July 29
9 per share
12% ' 12%
EXCHANGE
Raybcstos Manhattan
—No par
Rayonler Ino common
1
$2 preferred
:———
21
July 28
35'
1
Ralston Purina Co 3%ft
15% May 27
Mar 19
32%
23
100
V
v?
15
39
>
10,400
108
32%
.
;
16% Feb
27'A
■v-
IALE PRICE*
Tuesday
July 27
1 per share
360
38
21%
43
37%
107%
32%
32%
85.
38%
'
27%
107%
108
H
*23% A 24
Saturday
Par
800
687/a
21 Va
22
Quaker Stale OS Refining Carp—IE
9 per share
30%
687/a
22
38%
32%
'
30%
68Va
21%
*107%
4,500
32%
68%
21%
38%
27%
3,300
10.403
v
68 Va
22%
27%
13%
22 Va
%
35
EXCHANGE
.*30%
38%
common.
NEW YORK STOCK
31%-
68
$8%
85
;
86^
68%
21%;
..,
,
8%" A 9- ;
21%
preferred.
Highest y
3,000
47 Va
45%
Purity Bakeries Corp.
July 12
17,600
44%
46%
45'A
13%
No par
(The)
oonv
46%
48%
45
AM 8%
.-No par
No par
Inc
Oil
5ft
9
600
45%
*43 >
46%
45%
A13%
.
1
No par
Colorado—.20
pref cm
3.2%
49%
No par
Inc
*12
45%
'
July
Range since Jan. 1
Lowest
\ Highest
9 per share
com
Pub Serv El A Gas com
div
;■
preferred
cum
$1.40
M
1
STOCKS
Year 1847
Dm
100
•33%
20 Va
ii 7
No par
Co_
10
Power
Industries
Range for Preylows
A
93%
32%
39%
preferred series A—50
conv
$4.75
25
Jan
42
109%
Electric
Publlcker
Apr 26
24% Jun
Oct
23% May
8% Sep
100
600
'
21
•i48
.
36 Va
*22%
^
13%
:
600
V
34
*
168'/a
.
*78
•
^
103%
115
13%
12,000
i
33%
103%
93 Va
34
*20
157
36
♦160
;
160
.
,
'
.
157
1
*91%
V
♦33%
'/a
14 >A
*13%
40
'
(
*107%
115
35%
;
33%
103%
115
♦167%
16%
33%
104
*148
,
86%
*154
33%
*103%
20 %
'•
v
♦12%
*107%
•
115
13%
8%
*85%
i
86
*38
■*85
34
♦160
4
;;
*85%
•*89%
*92
%
18,900
86
91
•:
35%
r,
95%
40
-
157
•
8,200
33
*89%
92
35%
89
31 V%"
*92%
*38 Va
•
34%
21
*167%
*88%
7,000
;
r;A
95%
91
33%
•14%
90
*148
tii-
89
33%
95%
50
I
18%
40'/a -■AX-'
•
*89%
*103
33%
,
18%
At
'
42
i8o
;■ 300
.;
:
105%
91
•♦107%
J:
v
;
*104%
18%
i
200
•
,
98
86»/a
»
69% : 71
«•'■
;
c
105 %
270
100
7,300
A/
23
41
♦11%
115
:. *13%
*96
♦38
/
104
*107%
8,500
109%
109%
*85
33%
*103
•
<
*22%
98
40
13%
•33%
i
23
*39
:v
2,700
23%
109%
700
.
99
22%
41%
:
89
*92%
;
.
A.
99
:.33%
32
♦52%
23% J
*89%
*38
:
>
>W
V
53
99
105%
18%
*92%
53
>/
109%
105
18%
*88%
•■
*97
41
95%
85%
792%
55
•22%
18%
32%
.
31%.
7
17%
58%
54
%
23%
99
40%
/
;
17%
58 Va
56
53
*
.40%
17 3A
58'/a
99
,v
23
105
y
•/;'
17%
109%
ii
120
900
55%
23%
"
98
800
14
13%
14%
20,500
.
102
100
57%.
99
.
13%
25%
;
't-33
109%
109%
•
-.*98%
.
107
.18%
I
y&i
98%
*22%
110. 1
1?,.*9G'%„ .99
6
class B
Procter A Gamble
30% May 15
106%
Mar
4% ft
9
32% Jan 15
A Co
Potomac
35% May 21
8
21% July 29
26% July 19
9 per share
;
53
98%
23%
<i$i82%y 22%
r
56%
23%
98%
13%
25%
♦14
59%
55%
13%
102%
18
57%
55%
52%
•
:
ioo
300
16
*14
>
10
••'V
-
'
94
26%
102%
>
Jan
'Leirest
530'!:
i:
23%
17%
60
55
52%'
98%
••
V
18%
59%
55%
16'A
300
•33'A.
13%
1
33
80*
7.7
•
.1
(The)
Dec
85%
*17%
,
5%ft 1st scr conv prior pfd—100
Pittsburgh A West Virginia
100
Pittsburgh Young A Ash pfd
100
24
12%
;
17 %■-•.: 18
♦93%
♦15
14%
No par
com
38
9
14%
60% i 60%
33%
94%
16.300
42%
111
'
Sep
33%
14%
preferred—No par
Apr
19% May
11% May
.
—No par
100
Pittsburgh Forglngs Coa—
1
Pitts Ft Wayne A Chic Ry com—100
7ft
gtd preferred
—_100
Pittsburgh Plate Glass Co
10
Pittsburgh Screw A Bolt
..No par
Pittsburgh Steel Co com
No par
7ft preferred class B
100
6ft preferred class A—
100
15
160
.
Feb 13
Jan
14
II
common
preferred
Pitts C C A 8t Louis RR
July 28
20:
27
9
14%
-
' July 15:
39% Jun
1
10. 'Jan■■■ 2V
13
73% Feb
14
100
7
!
169'-
71% Mar
preferred——
Pitts Consolidation Coal Co.
16
Oct
y
55
34%
4,400
•
.
19%
'
42%
26%
102%
1
36 % July 15.
20
10% Feb
series
:
;
27
102%
3
23% Jun
Feb
20%
10% May
.10
,21
Oct
15% Jun
155
Sep
"
jun
;93;
26
Feb
3.60
16%
13%
13%
♦26%
19
19%
♦110%
94%
.i-
103% Jan
110:
Feb
8
.
34% Jan-
12% Feb 11
93%
Jan
171
Dec
,i"..
,
11
84%
59 % May
I67
r
•
14
84% May 12
26
Mar 16
100
———
Phillips Jones Corp com—
No par
5ft
cumulative preferred-.
100
Phillips Petroleum—;
No par
Phoenix Hosiery
6
77% Jun: 15
14% May
.108
♦15
13%
26%
102%
iOO
;
.
16
13%
26%.
-
1
Jun
Dec
Nov
21
•
30% Feb 25.
110
'
23
90% July 14
Feb 10
* •'
fev •
Aug
10%
26
87% Jan- 22
18
May
8% May
114
Apr
-JUly 29 i
*15 Vb
2627
<}.
'
111
100
;
112
19%
*33%
■
95'A
♦102
preferred series A
100
Philip Morris A Co Ltd common—8
4ft
preferred
loo
36
<
preferred—;
preferred
16%
95%
13% r 13%
3%ft
2 : <
169
42%
34;
8
3
Deo
Apr
■
9
(July
87% Jan:
Aug
7 "
.91
97% Jun:
16
32%
?; 45% July
6
preferred
4.3 ft
96
1
Phlla A Reading Coal A Iron
Phllco Corp common-
6
165
"?
8
83% Mar 17
&£&
30%
10
Feb
.y;;
Jan;
Jun
20% May. 22
25% Mar 16
Dec
93
111
Jan 22
28
83% Apr
87
12
tf
19
Jan
Mar
k
80% Mar
\
14
Jan
Feb
109
Dec
Apr
,
Apr
> 14
4.4 ft
3.8ft
t
*95%
*33% .34%
43
♦110%
2,400
30
*110%
19% \
*42
A-
in
*27
19%''
19%
'43-..
"
102%
preferred:
par V
Electric Co common—No par
$1 di preference common—
No par
■
Jan
95%
19%
1,200
19%
19
19%
112
-
19%
♦110%
*102
66
Jan
43
110
34%
-NO par
(Chas). A Co Inc
19%
Bharee
13%
♦13%
30
*110%
112
19%
i 43
*33
•
19%
■alee tee
the Week
9 per there
14
*27%
V
Phila
91
105
'••88
104% May. 15
24?/8 Jun: 14
26
104
Oct
«
■t.
Pfelffor Brewing Co
19%
43
110
43%
14
19%
19%
Friday
July 30
Thursday
July 29
6 per share
30
*110%
19%
19%
*15
—I
20% May. 15
112
19%
f.
14%
30
V
.
34%
?7
!
——100
2
*19%
32
*94%
33 %o
preferred
♦13%
19%
19%
*110%
19%
July 28
9 per share
14%
*30
111
*33 %
No par
common.
Petroleum Corp of America
21.
120% Aug
16%
85
4% ft
109% Aug
I'i
>10% May
.
Pet Milk Co
May 19
17% Jun
19%
•42
100
Pepsi-Cola Co
6
11-
95% Mar
;
,
f
Peoria A Eastern Ry Co
A;
V
19%
•110
.100
13
Feb
50
:
104
26
Apr
9% Feb
.
50
Peoples OLA Coke (Cble)
;
19%
32
19%
Wednesday
share
per
■-i;r 14
".♦110% 112
No par
Pennsylvania Salt Mfg Co com—10
3%ft conv series A pfd
100
Peoples Drug Stores Inc
5
;
'/Ai ,:v I
14%
19%
1*28
a
100
Light Co
Pennsylvania RR-
7
.-
,
preferred
Power A
14
V
6
.
5ft
Penn
22
May 15
10% Feb
12
May
Apr
•49%
98
13% Jun
Jan
>
,
Apr 22
Feb
>34
8% May
36 %
Apr
STOCK
CLOSED
22
BALK FBIOE1
July 27
$ per share
,.V
HIGH
AND
Tuesday
July 26
EXCHANGE
Penn Qlase Sand Corp com—No par
14
45%.Jan
July 20
luu>'
<37
48 :*
120
34% July
May
22%
23
Jan
.
Coal is Coke Corp.
Cement Co—
Penn-Dlxle
20% July 6
22% May 24
27
38
Penn
2
?7 Monday
X
V July 24
• per share
20% July 13
34% May
7
9
111
Saturday,"
(459)
RECORD
LOW
STOCK
EXCHANGE
I per share
13
24%
18 % Feb
RIW YORK
Highest
7
Apr
13% May
r
STOCK
OTRONICUE-A>^
STOCKS
Tear 1947
Lewesi
YORK
FINANCIAL
27
42%
40 Va
41%
23%
22%
22%
300
"5%
5%
5%
5%
*22%
5%
23%
5%
5%
10 Va
11
41%
►22%
*5%
5%
107/a
10%
10%
10%
10%
10%
10%
1,600
7,400
r. 700
40%
►26
27 •:
26%
27
27
26%
26%
►19%
20 Va
20%
21
21
21
21
21
1
800
21%
21%
20%
21%
21%
21%
21%
21%
21
21
Neper
1
64%
64 Va
€4'/a
1,600
64%
65
65
.63
63%
7 61
62%
74%
14%
*14%
2,100
14
14%
14
1,200
S
*19
20.
.
15
f
■
-
*14%
15
*26%
•
■;>'
"
13%
Monday, August 2, 1948
tfHE "COMMERCIAL & FINANCIAL CHRONICLE
t
Highest
85%
Jan
12 Va
Lowest
.
I
I per share
f per than
iter share "
Par
t per share
St
6
St L-San F Ry Co com v1
37%
Dec
Dec
Dec
139% May 28
101
Jun 16
Oct
13% May 27
98% July
91% May 20
54 %
21% Jan* 2
Jun 16
Savage
11%
Feb
15
55%
Jan
CLOSED
Jan
51
103%
Sep
95
9
May 27
Jan1
7
15% Jun 24
97
Apr 12
98% Mar
•
26%'July
^4%. .FeB
<">5%
Feb
62% Jun
19%
Nov
20% Jun. 14
48%
Feb
16%
Feb
12% July 12
Seeger Refrigerator Co_
16 V*
Feb
8% May 15
14% Jun
Feb
1
40%
Oct
,33%
Jan
82
Feb
78
21%
Feb
15% Jan.
21
2
22
,
Feb
13% Jun
1
35%
Deo
46% Jun
15
7% Jan
5
9%
Feb
Jan
36
Feb
44
51
18 Va
32% Jun
Dec
117%
Dea
35% Jun*
3
Smith
>
'•
39% Jun
II
98
Apr 19
July 9
26
Jun
9
22f
Jun
16
104% Jun
14
90
•
•
Jan
South Carolina
Jan
16% Jan
Jan
Dec
42% Jan
8
9%
IS
Jan
30% July
Va
Feb
30%
Dee
62% July
Jan
50% Jun 23
Feb
70
July 12.
Aug
73
Jan
'
^
.->A-Ii.
90%
Feb
14 Va
Jan
Mar 10
^Peb 28
Jan
93%
15
-4
feb
7%
Southerh Nattlral Ga*
Southern
8%
•
5% Mar 10
69
July 29
11
,
»
■
.
5
Jan
31% July
23% MarlS
29% jatt
2
20% Feb 20
30% Jun
18
Majr 15
May 14
Feb
7% Marl6
14
00%
Feb
61% Mar 17
74
18%
Feb
15% Feb IS
23% May 15
45 Va
Jan
22
17%
112%
37%
102
Feb
Jan
May
3
98 V8 Mar
9
2
Jan 29
104
22% Mar 2
29% Jun
91% Jun
10
82
Jan
19% Feb 27
,
34%
>
*
-
96'7/e''
.
85'
*138<i j 141%
V*-22%»';'23
30% • 31
••
3Q %
*40'
■!■
H
I
Cb
preferred
-* ■■■*
■>:
*84 /
"
,,
'
'
J
i
.
/40
July
54 Va Jan 27
73
Jun
15
36% Feb
13
53
Jun
16
Standard Oil
69 Va Feb
11
92% Jun
49
-
28Va r28% •
56%
57%
"45% .'-,46.
.
.
.
35
Jun
14
91- - Feb 17
11% Feb 10
97% Jun
11
38
Feb 11
37:
Feb
18
Oct
18
Jan
11% Mar
Jan
32 Va Mar 12
104% May
36 7/a Oct
0
88
Feb 10
2.7
Mar
15% May 21
43% May
11
41% May 26
Sterling Drug Inc common
Jun
7
■
3%%
36% May 21
Stevens' (J P f. A Co
Stewart-Warner Corp^—l
Feb
12% Feb 11
16% May 26
Oct
13% Feb 27
18
Jan
:Mar S
20
17
•
Feb
15% Fbb
11% Jan
8
16 Va Mar 18
Jan
8
29% Jun
1
15
7
18% July
15%
Feb
11% Jan
Apr
98% May 25
70% Jun
75% Mar
12%
120
Oct,
9
July
1
15% May 24
Sep
21% Jun
26% Jun
.
9
21
July 13
43
11% Mar 31
28% Jun
9
Jun 17
235
84%
96Va
-
90;
-
20
19%
101%
101%
•
•
22%
*21%
3%;',3%
19% Jun
9
44% Jun
14
16% Jan
10
36% Jan
27
22
Jan
8
26
Jun
.3
90 Va Jun
9
7% May 19
Stone
:
Sun Chemical
28%
:
•
68%
(The)__
s
Corp common
25V425V4
27%
28
27 Va
27%'""
10%
.
26
11
10%
11%
70
*69
70
*69.
19%
19
23%
;
23%
23'/«
23 Va
100V2VIOOVa :
100Va> lOOVa
27%
27%
27 Va
♦89%
91 Va
*89Va
23%
23%
22%
97
27 Va
26 Va
89 Va
23%
96 %
•
*
93
;
82%
81
-
30
81
y' 30%
•93
13%
*94
12%
13
94 Va
3l'/a
:
31%'.
13% ^;44---y.
14%
14 Va
,.14%y"14%!
*18
I8V2
16
18%
16 V#
16
26%
25%
.
1
_l
84.50 series A preferred——No par
Sun Oil. Co
Class A
<4 Va %
pfd
Bunray Oil Corp
4% %
4
preferred
preferred
Va %
—No par
common.
cum)j—_UOO
*—1
A
i.25
B
25
j—j
series
series
12.50
Sunshine Biscuits Inc
Co—lll__jljlL10q
No par
25
Superior Steel Corp.
j_5o
Sutherland Paper Co"
10
Sweets Co of America (The)..4.16%
Sunshine Mining
Superheater Co (The)
Superior Oil of California.
Swift A Co..25
Swift International Ltd
'
-Bylvanla Elcc Prod Inc com—No par
84 preferred
J—
No par
Symington Oould Corp,
1
~
■
9 per share
.
Highest
9 per share
YORK
NEW
Year 1947
.
.-
Lowest
I per share
-
9
July 24
f per share
pef share
5% Jun
28
19% May 27
67
Jun
15
25% May 8
Talcott Inc
(James)
S
9
Telautograph Corp—
Tonnestee Co'rp
:
Texas Co
^__2S
(Th(e)—
Gulf
Producing
71% July 12
Texas
Gulf
Sulphuri
56% May 12
Texas
1
Pacific; Coal A Oil—
Texas
Texas
48%
May 13
65%
May 24
20% May 24
24
May 22
14% Jan
8
46% Jan
9
15% May 21
For footnotes see page 26.
Saturday
STOCK
EXCHANGE
Highqat:'
11% May 21
AND HIGII -SALE PRICES
stockB
"v'VJUnge fir Previeut
Lowest
14%
♦40% ; 42
'*38% 1 40
37 Va
94 Va
>31%:: 31%
i
-
37%
13%
95
18 Va
42 Va
*38%' ;40
37%
15Va
w
^95;.-:
14%
14%
*41
40
*
*93
95
.
14 Va
14%
*38%
50 Va
50 1
82%
41 '/a
I 37%
68%
51
-
93%' '
14 Va
41 Va,
96 %
30
V
30%
•
-
49%
23
68 Va
68 Va
68
91
.
104%, 104 Va
106
49Va4
81
Va-
*104;
68%
67%
'48 Va
29
♦96
96Va
105'
"
101
•
19%
Va-
19%-
89 Va
96
•
25%
22^4
27 Va
par
-
70
69
100%: 100 Vi
j—5
6%
6%v
"19%"?202:'v":
23% v23%
•
.
10%
69
6%.
*■6
28: *
10V4
167/B:'
16%'
;
25%
27%
'
5
——100
191
i——No
A Webster
Studebaker Corp
30 Va
25%
Stokley-Van Camp Inc common
1
6% prior preferred
——
i_20
2
Jan
109%
125. '
preferred—
9
»
-
'
'
Sterchl Bros Stores Inc—;
8
24%
17:
84%
"
.
•^6V2^l6'/2
•1 '.6-W":
*6 V4.V *6%"
#68%''/7T:-i
,,Standard Oil of Qhlo common—10
l3%% -preferred series A_—=—1QO
Standard Steel Spring common
1
4%
convertible preferred—'
50
Startett Go HThe) .L SjlII—No par
15% May 21
21%
19%
- -
85%
-;45%.47.,(
25
of New Jersey
39 % Jun
97
34%
34%
/ 56%,',.577/8
.
25
of Indiana
Standard Oil
15
24% Feb 27
47
49
25
115% Jun 25
-
30%
*30%,
40
.30
* "28V4
No par
Standard G A E Co 84 pref—No par
63
Feb
Peb^
,-
--^'*^0%^- 42%' *
30%-
coin—_No par
07% Feb 27
317a Aug
Jan
•
27%
♦137 .141 -;
*21%
22%
27
*
•
Feb
17 %
' 3o:
40%/40%
'
1—100
125
105
•
6%
i
-
v
:
86 prior preferred———No par
87 prior preferred
i.2—No-par
Standard Oil of California—No par
44% July
80
July
6 %
stock tr cHs~UQ0
86
Jun
/
-96% ; 96%
.*21%-.: 22%
preferred
83.50 cum
27% May 15
106
l3Ve
41%
-
V34%-:34%'
v
:
40 V»
■
30%
.'—25
17.50
114% Feb
Feb 11
13%
13%
*13
.
97 - •' *,;•
22 Va t
,J*40 */4
—25
..NoDar
Standard Brands Inc
3
Feb 11
Aug
36Va
29% Jan
•
*38% ': 40%
•,,-.26% , 27%
78
*75
29 %r
30V4" • ,30%;
(A O) A Bro« Tnc—
Sparks' Wlthlrfgton
,4
No par
Spear-A Co cpmmoni——j_—_1
85.50
preferred
;
No par
Spencer Kellogg-A Soni»ji.L-iljLl;,
Bperry £orp (The)..-——„l———1
Spiegel Inc common.i.
,_2
Conv 84.50 preferred—.
No par
Square 1) G©-a.l-—i-iL—i-——S
Squibb (E R) A Sons common
1
84 preferred
No par
25
8% May 27
73
';25%/,25%'.
.
:
40%
■
41
v
Spaldl^l
20% May 20
7% Jun
27.-
.33 V8.
..
40%.
-19%
20
10f/4 101%
100% 101
*: %*>**%*«>'*'■ '/3%/s" .4.;. <■:
7%
7%
:: *.7%
8,
v
*44%
48
*44 Va
48
55
55
55%
57%
,r
i3%" '13% *nTv*i3%
13% ;•:*
common—No par
Railway
non-cum
Mobile * Ohio
0
24%
Oct
'—
Edison
California
Southern Pacific Co
9
'
-
.
19%-'19% :.
■
-
-
22%
,
Co com_4.50
E & G
preferred
Southern
9'
July 12:
34%
77
85
v
preferred j
!
j—i
.50
conv
preferred—50
Southeastern Greyhoiind Lines,'
5
South Porto Rico Sugar com—No par
43% May 24
42%
50%
34%
■'
5%%
'
81
•
5%
9
56
41.
99
f
33
40%" :-
.39%.
.7%
•
-
57% July 27
22Y«
ii
•
*9S
*75v//78 ;", 13'Va ''--13% "1 f
v
pfd-100
4%
ii
40% ,/
26.%
30%
,
American Corp
38%'
37%
,.32,Va'.;(-33 Vi:.-'-
,
142% '^42 % ;t.,
•S'22y4 ''>22-ya-
South Amer Gold & Platinum—j—1
8% July 2845
50 Va
-
preferred__-l^jL-jjj-jlO0
Bolvay
;
*38%:
Socbny Vacuum OH Co Inc.——;^15
May 17
5
17%, 17%
*49% ^50%,,
*7;':" i-W:
»^fr-24%' i''a4W."
•(
5%'
Smith & Corona Typewriter—No par
.
~
12Vs. ,12Va
••
•
t'30%".* 3d%
'
4.20%
85
.■lki kl2'
41.:-.'. ..,:-4l'Va'
*6;<;.; 6?/4-'BVa ; €«/« :'
preferred—-.100
cumulative
3%%
•
•
\ - r
v
Smith (A) A Sons Carpet Co com.^20
*
,
24%
'
;
40%
.
IX
40 Va
•
'
No par
r v
*
,
-
55%-
55%
,.. *.
.
/fcorp_——J——rJ—10
(A O)
•
:
*70v-: .-78 ^."
18%- l13.% 'i;
Bloss-Sheffieid Steel A Iron-"j—20
*
28
39%:
(Frank
Sinclair Oil Corp
32%
4-24%
21
24% Jun -14
12-%.'
32V«
Slmonds 8aw A Steel————No par
21
Jun
160
Oct
23
May 15
Jan
t
55
,,
*30t.',i. ,, 51 %
B.Vv-!*'7.V4'.4B: >vi
^4 "'..38 Va-/V -37%
% S
3i%. v./;. •Vii%''"ii%;^
12
1
No par
GIj-JlLlj-No par
8heaffer (W A) Pen CoJ———1
Shell Union OIL.
j—_
LIS
Sheraton Corp. of America
1
Silver King Coalition Mines..—-s—5
Simmons Co
x
:——-No par
7 % May 18
Feb
"
15
22%
,
*7.
pref series A
13.50 conv
',.,
52,t^..-M».,53/%
8harpe St Dohme common—No par
Bhattuck
55
-17%17%
17%
17%
r * '37
-
€%
41
•
Cbrp—■—1—;_No par
Steel
Sharon
•
91%
'
85
53%'v'55
,,i
preferred -1
iiLjl.No par
A Oasj—.—<—I—1
14.50
47
'
.
*14%
22%
Shamrock Oil
44% July 15
27% Jun 10
Apr
*91
*83,^^.85,4
-5
—i,—L—1
Beiberling Rubber Co.
Servel Inc common
104
JanJl
36% Jun
2
Deo
47
*9395
"•14%.-44%.
1_l_j-.No par
A Co
Sears Roebuck
16%
46%
*91%%92'/-.>1
Nb par
Seaboard Oil Co of Del
42 % May 18
30%
29%
,
*,934 ': 83,%
-1100
preferred series
40% July
110 ■/ Jan
.
29%: ■+
28%
1
S
1
-
.18%
109 V2 110
12%i 13 %
18
13%
40%
*46%
Soagrav*
July 26
a
18%
Vs..
*89%
111%' IITV4
13%
95
11%: ,12
*
91
90%
Seaboard Finance Co L.————.—1
6
59% May
Dee
10%
.
116
V8; 43
-419
*90
12%
90 %
Arms
.
13%
42
Shares
54 %
14/
'53%
Seaboard Air Line com v t c—No par
6
7
55
43 Va
;
$ fret snarl
.
for
the Week
July 80
$ per shan
July 2!)
.
42%
preferred—-—No par
Scovill Mfg Co 3.65% cum pfd—100
Scranton Eleo Co (The)' common—5
3.35% cumulative preferred—1100
93% Apr
102% July
l&Va Jan
per share
Sales
Friday:/
Thursday
t per share
54»/4
>
118;^ 119
83.-40 cum
9
4
.
-*90,'t'/.%95-;':i-
preferred 1
5%
35% May 21
49 Va
July
t
..
-M4%
43% 4 44 • !
common——
—5
L. ——lIQQ
Corp—:————-5
Schenley Distillers Corp_L—i^—1.75
Scott Paper Co common
No par
113
July
26 %
July 2.7-
13%
Safeway Stores
114% Mar
SALE PRICES
Wednesday
July 28 ;
AND HIGH
Tuesday
'
J per share
I per share
EXCHANGE
c—No par
Preferred series A 5% vtc—100
St Louis Southwestern Ry. Co..100
5% non-cum preferred
—lpO
St Regis Papfer iCo common
5
1st pfd 4.40 %
series
100
48% May 15
68 Vt
Joseph Lead
M
July 20
STOCK
10
9
16 Va July
80%
;
Monday
July 24
61% Jun
,
.
EXCHANGE
Highest
,
Jan
12
Saturday
LOW
STOCK
NEW YORK
Range since Jan. 1
Year 1947
Lowest
RECORD
STOCKS
FrevlwM
Range for
STOCK
YORK
NEW
Pa'clfife
l
.No par
Land "Trustsptfs—L.—).
1
Pacific Ry Co_i———100
%
Sub -share
Texas A
Textron
Ino
$1.25
conv
,
__50o
preferred—_i__No par
5
common
Thatcher Glass Mfg Co contmoh.
$2.40
conv
The Fair
.prefertnce..:.—No par
_No par
Monday
.
'-.y,L Tuesday / v V
?
•>;#■'per rhare
Wednesday
.
July.SH
July 27
July 20
I per share
Thursday.
>
t per share
July 29
9
..
,
pershart
-
.v
/V-,v:, M-VV',
.J
■'
Friday v
July :>(>
9 pet
ehart
the Week
y
sMree
Volume
168
THE .COMMERCIAL &
Number 4721
NEWTORK
.>>
Range for Previone
Year 1947
••Lowest, >
4 per share
13%
16%
Jan
10
^
Sep
7 V. Feb
19
Apr
■/.
Oct
30
39% Feb
Jan
Mar
11
Feb
6
85
7 V.
Feb
Feb
18
May
94
Dec
108 V2
Feb
15% May
40 Va May
21%
Feb
17
Oct
44
19 % Feb
13
2
§3%
15%
.,4ft
55
Co
No par
Tide Wafer .Associated Oil
Ax'e
28%
10% Feb
27
12
Jun
21
22% Mar 11
Transcopf.1 & Western Air Inc
15 Va Jan
22
23% Apr
Transue & Williams
BV. May V:.;7.%- Feb
5% Feb
11
10% May 15
12 V.
Dec
21 Va
Dec
34% Aug
112%
15%
Nov
38%
;
97% Mar
Feb
12 V4 Mar 16
V
July
.19
16
36 Va Jan
Jun
92
Jan
27
100% Jun 11
4
20th Century Fox
25% Mm 3 1
Feo
8% May 27
32% Jan 21
Dec
104
7
Dec
16
Not
61 Va
Feb
J% May
17Yt
Oct
Feb
5 Va Mar
24
.
Jun
17
9% Mar 16
.
9F4 Apr 30
Marie
.
...
45
•.
9 % Mar Jfl
,
27% Feb
la
#1.50
5
Jan
UdylUe Corp
39 V4 July 30
Jan' 2
'106
"9
98
Jun
90
Jan
July 19
85
49% July 30
31% Jan 26
22% Feb
405 Va Jan
51% July
6
12% July 30
•
Preferred
Preferred : $3.50
Union
Pacific
{'Preferred
8
Union
RR
Tent
Biscuit
15V4Jan
United
Board
3
Mar
•4%%
8
55
40
Feb
13
4 Va Feb
26
9
16% Feb
•
13
28Va Jun
37 Va Jan'21
United Electric Coal Cos.-
46% Jun <11
United
10
58 Va May 17
United Fruit
23
16% Feb
27
89
Feb
20
15% Feb
11
.92 Va Feb
8
H Va Mar
9
113% Jun
7
2
Jun
>17%
Merch &
May ;14
4 % %
4
9
U S
Industrial
8% Jan
7
U
Leather
26
Mar l6
-
15% July
9
^7% Mar 30
Jan
25 Va Feb
94
J1V4 Jan
Feb
66'A Jan
7
Dec
67% Mar 17
150
Mar
23
Feb
17% Feb
48%
Feb
38
Oct
12%
2
Feb
93
10%. J^n
3
Jan
Apr
.
Feb
16
20
11%
Feb
-
,7 ft
4ft
23Va"jun
Dec
19
•150
Feb
10
July 19
15% May 21
91 Vs
Feb
66
Feb 24
70
17
6
170
v
Corp
1
5%
Stores
conv
8
»
1,
Lowest
f per there
10%
May 20
4 %ft
Pictures
Co
,Pf41 erred—--
Inc
com
NSW
V$.n
4
23
STOCK
10'A
64'A
America—Nopa*
2.50
AND BIOS
Tuesday
July S7
S per there
,,
July 26
STOCK
22%
EXCHANGE
14% July 13
67
Apr
•13%
'*43
Chemifcal com—-No par
12%
*20
6ft
100
5
£
preferred
25
Visking Corp (The) <
JB
Vulcan Detinping Cp. c«nvno^_—10
7ft
———.
cumulative
RR
4% ft
Waldorf System
Walgreen
Dec
4
xl7% May
7% May
ft
preferred
preferred:.—_108
—_1___No pa*
Cp .common
Nppsr
preferred,
Walker
100
(Hiram) G he
Ward Hiking Go common
5% ft preferred—
Dec
Warner
21
May
19%
Dec
Washington
page 26.
Co
13%
114%
114%
22
*36 %
37
*32%
33 Va
•24 %
35
*29
30
*•29%
30"
*59
60%
*14
.32
*58%
14%
„
'102%
.31%
104
*102 V2
32'A
104
102.%
102 Va
*102%
103'A
23%
23%
98%
*97%
98%
•97
"10%
11
*26
27
10%
*26
11%
11
27
-2V/a
28
•
*26%
27
19%
xl8%
18%
27%
28
•*26%
27
*19
24%
14'A
32%
a97%
11
60%
31%
—100
*'233/4
.
11
*14
32%
XI5%
24
*57
*•32%
16%
23%
60 Va
14
14
32
,16%
No pa*
S
92%
17%
.16%
'
24%
-92
92
•10%
Pictures
Gas Light
Waukesha Motor Co
see
'
.16%
Warren Foundry & Pipe——No par
Warren Petroleum Corp new com__3
'17% May
For footnotes
Bros
•ales fa»
>
13 Vb
••
1
m
July 80
f per there
22%
f
Dec
Dec
18%
116
17
r
28
■Friday
July '>» 'V
No par
No pa*
Walworth Co
10%
88%
>12
—80
4Va
44%
*90 Va
Va Ir.o.n Coal & C.pke 4 ft ,p/d—?5
Virginian Ity Co common
YS
Wahask
Apr
Apr
Thursday
*91%
*92
5
100
*27%
•*17%
I per ehere
93
100
common
preferred
4
r
"M
95
63 Va
13
preferred
-10%
J.0%
63 Va
*90%
14
39% Apr 26
'29%
-10%
i
*24
cumulative
5%
10 Ve
• "
8%•
.8Va
HM*21%» 22
^ *162
-163 Va
13%
non-cum
'
*89
13
23
Jun
2
38% May 11
3
18Va
41%
23 Va
13 Va
*114
13
$ per there
13
'
6ft dlv partic patterned
10®
Virginia Eiec & Fwr ,Co com__^0
$5 preferred-.-----.-i—.--—..100
32% Jan
A 17Va'
24 Va
Va-Carolina
18% May 15
32% Jan
4%
27%>" 27%
18%
-
5:!'a
v
•
137
18%
*40
,
-92%
3 Vaft
136%
•
4'
24 Ve
5ft
*78 Va
^ 95
*•90%
Chemical Co—;
'48 V4
>71 Va
77%
:
PRICKS
Wednesday
July 28
•
23
CLOSED
SALS
-48'A
*70%
136%
*89
10%
*63 Va
Monday
>
jftioMie
Victor Chemical Works
124% July 12
34 Va May
'8%
22
163 Va
133%
79%
>> '*10%
-
46
132%
.,*40
2.50
Vlck
24
117% Jun
17 Va
91
44Va
18'% -18%
,
32
*90
'
'72
-Vlcka Shr.e,ve &. ,P*ciftc Ry com—100
6
Jun
162
«
56
31
34
49Va
*69
4%
10%
LOW
JP.Q
;,;pey——
Vertientes-Camaguey Sugar Cc„6%
Ma y 28
96% Apr
-
64%
—
YORK
Vanadium Corp of
Van Norman Co
26% May ?1
15% May 21
48 Va Jun
*21%
♦
I per ekere
13% May 17
95
*8 Va
22%
48Va
8Va
56
^33'/a
? •' .79
xl.36%
4
29
17'/a
.8%
EXCHANGS
-
24% July 14
29% Jan
*2E
18%
1
10%
95
4-1/2
30
I per there
94
10%
163.%
Universal
Mi
-
16%
•
l47.',i'4tV4
91 :
w 46
27
8%
,..41%
,5%':!r,:; *5% > .5%
*89
4%
preferred
41%
.5%
96
M*y.2?
Highest
c
*40
•
X
*133%
138 Va 138%
18 Va '' 18 Va "
18%
41%
conv
Range sinee Jan. 1
Highest
t per there
138%
par
STOCKS
Year 1947
Lowest
—160
-47 Va
32%
71%
27
*16%:
P .58
45%
49Va'80%
6V4
9
*90
134%,
79%
6'A»
,,.,*56
34'A
*69
79%
72
34%
47 Va
.
18%
102
4172% 174;
-*8Va
46 Va
49
71
-No pa*
/
.
91
134
pref«rred-4~-~*-»JUL
8tockysrds
Range for Prerloas
# per there
34
Universal-Cvclops Bteel Corp..
1
Upivemjil LjakbratprJes
Universal Leaf Tobacco eop^Nppa*
10% Ju,n TjL
48
»
98'/a
18%
101 Va
v *27%: >27%
?!|16%;.. 16%
58
45%
I*
,
9
27%-
98
12%
12%
2T%
»•
v
}74-
34%
'
,26%-
>
Vn
103
*71
j7
*90
•
l'2%'
72
35
99
;20 V
*172%
6%
47%
.
non-cum,
cum
'
7
*56
$4,20 non-c .2d pfd—8
preferred^
—No par
united Waii Paper .inc epmrnon.--#
16
Jan 21
;Jun 17
Ma^r
Feb
30
,-.^,,^0
preferred
U ME Tobacco Cp cpm
-9
29%
Feb
*8 Va
•7 ft
6 % Jun .15
22
13
10
f
103
v
16%
Corp- common.—!
>prd •series iA^44.^10e
cum
104 Va
27
1
preferred
United
34
Marl6
A_—^y.No par
S Ffeal Cjorp common
12% May 26
% Mar 17
*• 1m<
,49%
1%
U
8
98 Va Jun
27% July 29
23%
■
*12%
«
27%
498 Va
"'*19 '
*172% 174 V
.
common
—
* .27%
20 V
104%
Plywood
Unlted
Feb
192
S
99
6
preferred—
3% %
28%
99
•*19
35
Pipe dc Foundry--—.—
G'/a May 21
29
Feb
-
21
62
4.
U
42% May 20
87,^ Feb 11
•10.9 '/a Jun
S
2TVa
■
U 8 Rubber Co^ common^—--10
8% non-cum 1st pxeferrad.—_100
83 V2 .July 14
140Va Jun £4
19% Jan
10
Jan
•4l/a Mar 16
16%
L
72
•129 Va M»r 15
>«%
U
13
58%.jpn
A
21%
16 Va
*71
<onv
49%
53%
21%
No pa*
jj :.s Playing .Cam
7
1377/s J#.n
•53%
•
1
100
common
4%
>-
*48%
7
No pa*
Chemicals
Co
Lines Co
4 Va %
49% May 15
fi
81
80
U S
9
May
8
Fettic 61
I
37% May 21
6
11
125% Mar 19
61%.July
.July
58
14
Feb
•
i53%Julyl3
13
38% Feb
87 \
'.
Jan
•
21V4Jan
2
9% May 20
39'/aFebl6
49
-36
"
;*o pax
No pat
preferred
4
y
;3Va
71%
preferred--.——4.-^14,^—100
U, 6 JJoffmgn Machine Cprp4,r—
Jun
35%
24%
7%
42% Jan
33 Va
*43%.;. 44 V.
*
Mfrs Inc com—
Foreign Securities.^.
$4.50 1st preferi^d-,
5Va Mar 15
,
•24
—No par
S Ac
July 19
33
76
Co—
11%
'33%
*33
45
U; jS Flight Co--^—pa*
U S pypsym Co common.jj20
9
179
9
69% May
Jun
24% May 15
11
170% Feb
U
32% May-15
101
Engineering <Si Foundry
United
'21*/a May 26
■
22%
>11%
'50
3
13%
78
22 Va
>• 4%
•*49%
27
78
12
4%
-
35%
35%
4%
*6V2
United Gas Improvement Co..... 13 Vfc
May 24
•
11%
35
*33%
'3%
38%
110
'■
12%
78 V
22%
'/a1
49%
'
6
27
11%
'
71%
Feb
13% Mar 16
i
45
I
1
preferred
20 Va Feb
48
77Va
22%
-50
3
'14%
'•
85
34%
88 Va
^07
13%
;
f
22%
4%
1
j$3 ^preference—
-1-%'
3
•
14%
78
*49 Va
100
110
*106
35%
United Dyewcod Corp commop
May 27
90
25%
35%
,82Va Apr .'22
97 Va
38%
-
-
40
106 Va
85 '; ;.
33 Va
28 Ve
11%
47% May 20
61 Va Mar 17
89%
53%
"93
35%
39 Va
'
!
97%
-85%
50%
35 %
-
33 Va
39 %
106 Va
27%
*33%
convertible'-preferred-
13%
32 » V
50 Va
10
Corp common
10%', 10%
13%
35
110
50
5 3 %<•
,34%
35'A
40%
41 %
*106% 107*A
*83%
500
8oo
10%
10'%
•*93
600
)
400
29
10%
10%
-*38%
*.'■
$3.50
*28 V.
,
-
6 Va
28 y8
22'/a
United
!
29
2,700
15,000
>
98%
6%
■
39
•*77%
Jan •• 5
3% May 15
98%
50%
13%
United Carbon
5% July 15
May 10
2Va Feb 11
7%
27%
^No par
Cqrjp
34%
39
preferred—.100
Carton
17%
19'A
86%
49%
Co_,
No par
United-Carr Fastener Corp
No par
United Cig-Whelan Stores com—30e
2
7
17%
v
*107
310
104
50Va
•
600
16,900
17%
lOOVa
3.200
8%
,
13%
13%
90%
8'/«
34%
98 %
10 Va
3.4Q0
\
13 Va
54 %
*54
97%
11%
'16%
*103
17%
*28'A
29
2,800
20
*6%
T Va
* 10% '10%
85%
pet
Co^;,
&
99 *•
4,300
'
48
35%
19'/a
*
;*28%
10%
17%
*34%
*6'/a
29
104%
35
99
'
34%
i_—50
cumulative
17%
V
730
" 20V4
13
8%
14,100
28 Va
104
11%
;
v
89
preferred-——IOC
Knifed Air Lines Incycommoh—.10
35% July 12
>
7%
'
34'/•»
convertible
54fc
47 Va
8%
103
20%
10%
*84%
new_50
com
Car
United
July
Co
1 new
107
.'*94
31
United Almraft Corp common
3
10%
99
41%
41%
107
*eriea___iNo par
Union Oil of California..
2
•
*6%
1-7%
20
34%
v'
V
10%
10%
•*55
pfd 1*4.60 aer-aNo par
$3.70 aeries
—No pax
22% July 29
46
1
4» Carbon neer.No par
;90Vj Mar 22
36
99
'■
Un El Co of Mo
22
T-5
35
34%
.12
Feb
17%
•
19 Va
49
•
*103%
20%
16%
104 Va
20%
35
*28%
l._JKo pwr
•
104
106 V»
17%
33%
19
29 i
■..■
104%
13 Va
20%
*0
*
1
V' 26 Va'
29
-
"•
11%
IE'
6%
200
13%
35%
100
2,200
11%
v.
50
3%
13%
20%
6%
28 %
20 %
9 Va
2,000
.'94
27%
17%
9
100
9
."55%
3 Va
11%
9
8 Va
*26%
13%
Va
17%
*98%
*
17%
11%
106
600
>55
13%
8 Va
21%
*,,'•*92
17
20 Va
V35
Beg At P*per__^—
77VsJan
Jan
107%
(The.)
Union Carbide
19% Apr > 2
11V4 Mar 16
27% Feb 20
*106'A
Union
30Va May .19
110% Jun
8%
—-No par
1
-41% Jun
10
8%
;
6
38% July
.96% July
1
11%
v
*-
55%
13%
24
Feb
91
13
*17
13Ve
'7
July 19
21% Feb 11
•85
11%
49 Va
21%
t
3%
.48 %
49
11%
Union Asbestos & Rubber Co
.39% May 26
-43
July 9
110
Jun' °0-
11
49'/4
21
49%
17%
iCorp__*J—k;
Underwood
15-
16 Vt Jun 15
29%
104%
20 Va
13%
5*' conv prior preferred--,
Twin Coaah Co—,,—^ ..^uu«
3
59% Jun
28%
50%
2,400
28 Ve
,104%
104
10%
'9
3%
28%
21
90
10%
-
55%
28
104%
20%
11%
Film cpm—No par
3%
28
1,100
8 Va
40%
93'/a
27%
17 Va
preferred-^
conv
*8 Va. •;
*92
V
*40 Va
22%
55%
94
104%
•
13'A
No par
I4.-50 prior preferred—No par
Twin City-Rap Transit com—No par
I
14% Jaw
preferred——
*22 Va
3Va
>
common
22 Va
*26%
,—-No par
Corp
Truex-TraM Corp
1
17% July -80
33
Jan
>
*$6
107% July,22
Jan
V 48
93
30
2
.3%
No par
—
Steel
11
56
28V.
.21
*49 Va
10%
there*
t per there
SVb
fee
ike Week
July SO
i
8%
40%
*9,1 Va
3V«
104%
8 Ve
*8'/!
9%
4 -.56%
8%
*26%
27%
I per there
40%
22%
93 Va
3%
20%
:
Sales
Friday
Vl
41%
TJ"
,
56 Va
>*91 Va
28
104 Va
Roller
Tjrl-Continental
8%
55%
—10
,
Jan
Dec
3%-
*26 Va
Eearing—__No par
JTransamerica Corp_._
2
7
22 %
9%
jNo par
5
$3.75 preferred
Timken
$
cpm—No par
preferred
Tlmkep .Detroit
11
iV '?22%
Thursday
July 29
8%
40%
8'/a
40%
11%
56
•
July 28
J ptrefrere
{
42
10%
•
FRICEB
Wednesday
:.
8%
8%
*40%
92%
Jan
99
22 V.
55%
$3,50 cum
May 21
13% J.an
CLOSED ?.
*8%
Nov
;
May
,10%
22%
.
92%
22%
14
t:
BALK
I per there
8%
.40%
10%
15
R)_—
(d
20 V.
13% May
-8 Va
40%
,
HIGH
Tuesday
July 27
July tiii
f per ahare
;
EXCHANGE
1
(The)—
Thompson-Starrett
23% May 27
Mar 16
.STOCK
1
common—,
Thompson
32 Va Jun 15
1047/a July 12
Mar 17
Monday
,
Produces pom——No par
preferred—,—,— -100
Thompson
,6
.95 Va Jap
25% Oct
Co
Thomas Steel Co
May 15
29
•i Saturday
July 24
di* »conv preferred.^
50
Third Avenue Transit Cqrp—No par
16
4% Jan
19% Mar 16
May
10 Va May
95'A Jun
\ 1% Mar 11
39 Va
20
^
$2%
13 Va Apr 19
>24
Jun i 9
10% Jan > 8
; 59% May 26
8VaMaylO
Feb
59 Va
106 V.
Thermo id
AND
LOW
X
YORK -STOCK
I #*njhare;
i5
; >v47% Jam i9
19
STOCK; RECORD
EXCHANGE
$ per-there
10% May
Mar 46
CHRONICLE
BTOCKS *
NEW
,
Highest
40 % May 11
14% Feb
16%
38
May
R5
Dec
3% May
.8
Feb
24%
Lowest
4 per there
Feb
60 V.
Dec
6% Aug
V
■ ■
4 •per there
9% May
45
Range since Jan. 1
Highest
FINANCIAL
;,v
10%
*26
22%
23'A
11%
11
10%
10%
16
15
15%
98
97%
98
10%
10%
27%
27
27
>25%
27%
*26%
27 Va
18%
18%
,
19%
10%
26% ' 26%
27,V
27%
*18%
v
w
the Week
Mheret
COMMERCIAL
THE
YORK
NEW
Range for Previeaa
A
~
.
r
&
LOW
STOCKS
Highest
Lowest
20
26%
Sep
A 17
Feb
21 % Jan
2
Wayne
Knitting
•21% July
Feb
41
:
2
As 30% Jan
1
Wayne
Jan
5
Feb
10
Nov
39
Feb
11
65
Jun
30
83% May
90
Feb
80% Feb
13
86% Jan
2
21% May
34%
Jan
Dee
Jan
mm
...
...
121%
112%
Nov
103% Dec
106%
Jan
110
18
•
113
22% Mar 12
42V*
Feb
r
Mar
38%
94%
Deo
Not
55
43%
preferred
Auto
Maryland
36 % May 21
Western
Supply
Pacific
RR
21%
21%
21%
20%
20 7/b
Westinghouse
33 % Jun
48%
463/4
47
2,600
*107%
108%
8%
8%
AA
23
11
101% Jun
11
16
40% Jun
9
7
57% Jun
16
85
Jan
5
98% Jun
14
80
Jan
8
3.80%
pfd
cum
Elec
series
13% '/
34%
34%
*72%
37 %
B
28%
89
39
39%
;.
90
3,700
7%
39
12%
1,600
13%
38%
4,700
14 Vb
14%
13%
13%
34 Va
*33%
33%
A* 33
35
35s/b
*33%
34%
■;.v,
34
34
700
73
73
73
X71
72%
:r*70
73
300
22
22
22%
213/4
21
38%
28s/b
29%
29%
97
*33
35%
♦33
46
*46
21%
37%
7,200
28
28%
.
28%
17,000
:
Si :'.;'
*96%
97
*33
j ■
.
89
89
89
*96%
35
4,700
^
36%'
37%
28%
400
333%
*88%
97%
97
*96%
37%
89
*88%
89
89
21%
37%
38
37%
A, 28%
97
.
39%
/
108
7%
73/4
34%
.
35%;
97
*33
7%
35%
21%
•
':
*107
108
*107
8
383/4
13%
♦72
V
7%
■■■::
36% .v
35%
89
WA
12.50
Instrument
38%
28%
A
22
par
12%
100
100
38J/a
13 %
*35
74
21%
-
8%
38%
38%
13%
A.
108
108
108%
8%
34%
A
series
108 %
>
38'%
-Ai" *31%
Westinghouse Electric com
953/4 Apr
r
3,500
48%
;_No
39% Jun 14
Weston
i\
A
—-
48%
100
34% Feb
Dec
Aug
*90
110
106
20%
10
100
100
Brake
Air
.
*105
4fi'%
No par
11
pfd
1093/4
106
48
100
com
11
cum
*104%
21%
com
13
3%%
1093/4
106
48
A
series
110
*104%
21
Co
25 % Feb
9
109%
*109
A
48%
pfd
91% Feb
,
109
110
106
.
/A, 70 A
20 Va
(Jnlon Teieg class A_No par
Western
110
/
207/b
1
Ry
2nd
non-cum
Preferred
15
May 19
109%
108%
109%
A.
106
6,900
A
47%
—
Western
72% Jan
108 %
"$}
9,100
;
No par
Inc
Lines
Western
26
108%
173/b
18%
•
220
i.
„g
29% Feb
Jan
-
*104%
2,500
114
118
1734
,
♦104%
1*09 %
109%
100
Coke
&
May 20
11
*112%
*116 Va
108%
85% Feb
106 y4 July
30
Coal
Western Air
4%
114
118
110
32% Feb
Dec
105
5
Va
16% July 9
38% July 12
18% Feb
Oct
31
Deo
88
11
Mar
64 ;
;
Sep
22% May
28% Feb
r
*112%
*116%
*108%
100
,
17%
18
116%
110
pfd.
800
23%
114
*108%
series B.
225/a
17%
116%
100
preferred
84 %
*112%
17%
17%
-
600
5%
61%
84
-
.
300
22%
5%
23%
113
14
Dec
23%
113%'
14
32%
24%
*116%
110% Jun
9% May
27 V* May
4.20%
10% May 18
24
*112
2
46 %
83%
18
25
7% Mar 17
90
24%
83%
117%
West
343/4 Feb
26 3/4
23%
West Va Pulp & Paper com
Jan
Deo
24%
83%
113
15
Jan
May
24
83%
17%
51% Jun
Dec
17
84%
116%
22% July 14
9%
66
♦83%
A
60%
53/4
63
'
<
Shares
18%
•'■18%
A?'-:" 22 %
23
5% 1
62
♦111%
14
75%
10%
84V4
23
A
fer
Bales
the Week
v
•iA A $ per share 3
18%
62%
100
20
May
5% May
84%
♦18%
6
A 61 K
.No par
West Penn Power 4%%
4%%
23%
5%
61%
preferred
preferred
100% Feb
-
♦23
5%
61%
6
-
July 80
9 per share
18%
22%
5%
61%
♦5%
,
.Friday.-.-'/;
July 2»
*18%
18%
,r AvA 22%
'"23
23
1
38% Feb
Jan
18V*
18%
_No par
16 y4 Apr
mm^m
Oct
Dec
f
9
Jun
38 to May
26%
July 30
Jun
107
I per share
01%
CLOSED
AA
A* >
Thursday
\
1 per share
(The). -No par
Co
Elec
Penn
6%
:.A
EXCHANGE
A-V'
<
July 28
July 27
f per share
-;,*18%
Wednesday
"
July 26
STOCK
• U:
Class A
7%
113
6% Jan
4
West
'
share
HIGH SALE PRICES
AND
AAA Tuesday
Monday
par
com— _No
preferred
Indies Sugar Corp
West
4
11
mmmmmmI |a'
Inc
Tobacco
conv
22
105% Feb
mmm
mm
47
Dec
$4
1
Jun
104% July 16
.
,
i
19% July
114
119% Jun
i
.
32% May
105
13
xll3% Apr 15
103% Mar 29
5 A
Mills
Wesson Oil & Snowdr
26% May 21
3
116 V* Aug
"
Webster
6% May 24
104% Mar 16
Jan
112%
Deo
mm—
13% Feb
mm —
117% Mar
Deo
105
A-19% Mar
0 per
f
p.
Pump Co
12%
52%
8%
37%
-'-'iahiraayA;.
Ju)y 24
AAA J \ A? AAA A A-.;
$ per share
Mar 16
STOCK
YORK
EXCHANGE
*
Deo
30
f per ehare
f per share
1 per share
NEW
Range sine# Jan. 1
Lowest
Highest
RECORD
STOCK
'
Tear 1947
Monday, August 2, 1948
CHRONICLE
FINANCIAL
35
♦32
35
♦45%
45%
•.
f;
•
800
Westvaco Chlorine Prod—*
16
May
82%
102% July
Deo
76
62% Mar
31
.37
Mar! 16
56
63
Mar 18
26% May
19% May
r
34 ri Feb
23
Feb
19
Feb
63%
Feb
Jan
20
27% Jan
100
No par
No par
White Dental Mfg (The 8 8)
20
7
11
45%
93%.
►113%
*
24% May 26
2278 July 8
White
Motor Co
White Sewing Machine
$4 conv preference
Feb
90
Feb
90
Feb
6
126
34
Feb
27% Feb
26
30
U
19% Jun 21
Wilcox
12
Wfflys-Ovsrland
*% May
A 0% Feb 27
'
•
12%
Dec
13%
Feb
64%
•
Oct
Feb
July 30
Jun
Prior
23
5174
877,
87%.
26
26
2074
2072
•% May
•1%
t
Sep
18%
17
Deo
.
Oct
12% Feb
Jan
81% Mar 25
20
Nor
15
19
Nov
35
Deo
S3
100
Deo
Apr
Feb
80
Deo
Feb
94%
Deo
88
53
May
78
84.50
1207a
12174
7120
♦2872
2972
♦28
15%
157a
Co
197a
19
Feb
Jan
84-25
21
8
19
18
Jun
Jan
Wisconsin
10
Xl38
13
5
43% Feb
11
6%
49% Jun
147a
1472
14%
8674
♦8474
153/4
1574
15%
.10
El
Woolworth
14
Pwr
Co oommon—10
Oo
167a
167a
147a
131
•125
36
36
1774
19 7»
12072
121%
*28
157a
.
1,4G0
30
2,200
1474
147a
;
,
4,000
.
126
♦28%
2972
157a
10%
61
147a
14%
15%
2,goo a
16 %
6,200
Xl67a
♦12872
37
7,200
-
-
A 300
447a
2172
20
9,500
1974
2C%
20
4,100
74
*
500
447a
73
4574
36 7a
4372
-
r
—A
132
3572
4572
4574
8474
15%
132
*3674
3772'
-500-
14 V*
84 7»
1674
*12872
131
11,800
>
14
155/a
167a
167a
1674
-61
61>
;
147a
157a
157a
10%
9'/a
10%
-61
/*84%v88
88
*3674
4574
44%
45%
11
6074
♦125
36
45
t
15%
15%
A
131
36
10
1974
147a
1678
1674
♦125
Co
(F W)
3,200
12074
2972
♦8474
1572
10
(new)
•
.'
200
20
6074
r
88
100
Iron
26
19%
1072
107a
6072
8574
preferred
Woodward
37% July 12
1074
♦5974
.No par
preferred
*2472
207a
v
6074
.No par
com—
122
A
26%
1974
207a
157a
270
87
2074
•25
26%
20
15%
30
3,000
7 87'"
♦28
2972
157s"
5172
' 8774
<i
200 ■■
5074
49
5074
8774
12174
121
700
112 Ve
112 7«
515/a
87
1974
A
19%
1974
«
11
1072
♦59 7a
Wilson-Jones Co
10
Feb
Feb
Motors
pfd aeries
conv
Wilson & Co Inc
17 7e May 17
8874 Jan
;
43
May 27
6578 May 15
Mar 19
15
28'
Deo
11
Mar 30
126
145% May
Oct
31%
9
99
,
Jun
138
17:
;
V10% May
88% Deo
16
Mar
20%
•
93%
93%,
11374
113 7a
116
,*25
2074
2674
20
\V"
6% Mar
51
♦2572
y.
94
•93 y»
51
?
fe»87AA 87%'
20
'
'
,•
'45%;. 46%
•
87
5174
50
46 %
93%
♦113
116
♦113
116
5072
A
93%
.93%
93%
1
No par
coin
preference
Oil
443/4
/
•
17%
July
28% May
6% May
84
com
Wheeling Steel Corp com
$5 conv prior pref
5
r
45%
93%
'
r
preferred
Wheeling ft L Erie Ry
July 21
V* July 13
93
v
par
$3.75
115 :
Oct
29%
Deo
'
r, Dec
101% Mar
May
i80
A;
A^»—iN6
No par
.Common
-
Worthlngton P & M (Del)—
2074
21
7374
7574
88
Nov
8
May
45
14% May
23%
Oct
18
21%
May
94
May 17
Prior
Jan
5
Mar
69
23
July
10
1072
1074
107a
*29%
29%
Towne
<Se
Corn
4 % %
87% July 12
14% Mar 16
Feb'.
66
6772
York
27
68
1072
Tale
Mfg Co
.10
.
13%
13%
13%
14%
47%
46%
465/b
*45
219% May 27
107a
21
21
22
21%
/i 81%
83
81%
83
173/4
17%
17%
18%
29%
1,100
13%
13 3/8
2,600
A 45
v
*
<
/
22%
•A ' 21%
21%
81
81%
79 Va
80 V4
18
XI3/*
10%
19% Feb
July
Jan
u
5
11
July 15
Zenith
Radio
63/4 May 19
Zonite
Products
*Bid and asked prices; no sales on this day,
j
—No par
Corp
Transactions at the New York Stock
a
Week Ended July 30,1948
Pafcurdfty
Monday
„
718,670
$2,331,000
Bonds
18
Government
Bond
of
Bonds
Bonds
Total
2,138,800
266,000
152,000
2,571,000
1,311,530
3,200,000
192,000
3,392,000
$13,468,800
$1,057,000
3.652,000
12,404,800
'
$10,000
.
$14,535,800
1948
1947
5,255,860
151.609,743
$749,500
$2,765,500
$10,000
1,725,000
3.387,000
13,723,000
1.057,000
1,255,000
54.159.180
42.791,700
13,468,800
15,430,000
611,482,900
555,993,100
Total
"'-r1"
177,000
122,000
15,000
$770,000
$196,000
192,745-A
118,000
3,000
3,000
3,000
3,000;
1
8,000
121,000
188,000
262,000
...
257,000
.
$7,000
$973,000
Jan. 1 to July
1948
1947
Stocks—No. of shares.,
1,191,880
46,228,575
Domestic
Foreign government—
:t,rrifrV'-
$44,858,000
Foreign corporate
$669,778,580
$16,462,000
14,535,800
$973,000
TotaL..—
$615,273,300
$2,972,000
$40,103,000
A
Stock and Bond Averages
Below
listed
on
ar^ the daily closing averages
of representative stocks and bonds
Jones & Co. I
the New York Stock Exchange as compiled by Dow,
"
Stocks
-
—m-
'
.20
15
■
'
)
Date—
July
26
July
28
trials
*
27
July
Indus-
24
July
•
July
10
-..A
10
Stocks
Second
Grade
Rails.
Closed
Closed
'
A
,
First
Indus-/ Grade
trials
Rails
Total
.65
;
Total
40
Bonds
:••••' 10..
Utili•
ties
—
99.56
184.17
'
.
60.50
35.20
68.75
100.86
104.21
91.07
102.09
186.09
„'
.-
30__
-
Utilities
roads
;
61.33
35.39
69.46
100.90.
104.19
90.94
102.06
"
99-52
185.15
61.45
35.19
69.23
100.94
104.14
90.81
102.11
s
99.50
34.90
68.64
100.84
104.19
90.79
102.05
r
34.70
67.87
99.47
98.36
fi 183.5760.89
29
July
Rail-
——Bonds
'
10 /■;.
v„\,„
,
•
SO
—
181.33
60.15
•.
♦Corrected figure.
''
4
"
100.86 '
104.12
.y y.
y.
■
>>
<
90.59.,: ; 101.97
•
v' W- ■ t? cc •
--
.••.■.•
.-.?-••••
A" A'
-• ■
A'
3.724,000
1,215,000
327,000
..
30
1947
48,177,939
$33,141,000
5,747,000
1,079,085
Bond$
International Bank
Total
..
$145,000
140,000
1,079,985
..I.-.1""
$1,000
$1,000
$33,000
: 242,000
-
1948
"
Railroad A Industrial
■,—-Closed-'""
$111,000
Week Ended July 30
$52,000
...
Bonds (Far Value)
'
Foreign
Corporate
Foreign
254,200
Total
Bonds
U. 8. Government
Foreign—
x Ex-dividend.
Govefjinent
Domestic
216,970
212,645
1947
192,900.617
4,490,350
4,000
A3
,•
,1.."
Jan. 1 to July 30
Week Ended July 30
1948
3.000
5%
5
203,425
Friday
$10,000
262,000
;-
31
30%
A
5
wd When distributed,
/f
■
$2,516,000
2,419,000
Stocks—No. of shares
a
Saturday
$185,000
843,405
3,380,000
;
Share)
Week Ended July 30,1948
Sales
-i
750,075
_
32%
-
(Number
Bank
4,490,350
Tuesday
Wednesday-^,—.-,—.
Thursday
Friday
866,670
i
Stocks
■
Foreign
Monday
TuesdayWednesday
Thursday
•
1,200
■ivr-
Daily, Weekly and Yearly
Total
Closed
*
5,600
Transactions at the New York Curb Exchange
Exchange
United States
,
„
8 8peclal Sales,
Bonds
and UisceL
5
5Va
Jnt'l
Railroad
Number of
Shares
; 31%
31%
5
5
r Cash sale.
Deferred delivery,
Daily, Weekly and Yearly
stocks,
31%
■
A'5rA
5
5
31%
31
313/4
30%
1 A ;/;AA
Cerp
HEx 840 liquidating dividend paid May 10.
tin receivership.
2,600
»'•. i
'
7
Z
July 12
35
•
;•»
„
/A
25
14% May
;6% Jun
400
.v/ 45
18
18%
-
v
*21%
22%
81
■
S&v-lv-
vAAAAAAA
1
J
2,400
«
29%
13%
46
160
66 72
>
870
1,400
»
'
-
823/4
2F A
vAA
133/0
46
.
46
17%
—No par
Youngt Spring & Wire
Youngrtown She^t ft Tube. —No par
No pgr
Youngs town Steel Door
9
14 '/a
14
♦46%
...
preferred
30%
29%
30
29%
30
*29%
1
50
common
cum
330.' :'v
9672
;
6772
2
21
96
a
May 25
15% Feb
96%
82% 7£3
95
i? 957a
'
JVopar
16% May 24
65% Feb
t
7472
84
Wrigley (Wm) Jr (Del).
343/4 Jan
48
7472
84
Wyandotte Worsted Co..
July 15
21
27
7574
83
93
conv
67%
117a Jun
10% Feb
7574
83
pfd 4%*
pfd 4%%
Wright
9
38% Mar 13
Oct
83
16
27% Feb 21
Feb
83% May
Prior
Feb
8
50% Mar
Deo
4
60% Mar 19
Jan
16%
37%
Common
81 % Feb
58
Feb
83% Aug
10% May
25% May *5
July 30
81
70% Mar
18%
July 30
73
96% July 28
207a
No par
series
100
aeries—10q
Aeronautical
No par
19 %
^
.
'
: "
^$48,909,000
'// 77*,.- A '• A
;
i
i
;
\
-Ai AA
Number 4721
168
Volume
NOTICE—-Prices
the
week,
are
THE
&
COMMERCIAL
CHRONICLE
FINANCIAL
"and interest"—except for, income and defaulted bonds.
Cash and deferred delivery sales are disregarded In the week's range, unless they, are
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
in the column headed "Interest Period'-' indicate in each case the month when the bonds mature.
italic
letters
Figures after decimal point represent one or more 32d of a point.
Range for Previous
Year-1947
Lowest>
:
.
Highest
104.25
Sep
Feb
Treasury 3VaS_
106.4
Dec
'108.21
Feb
Treasury 3s
111.23
Sep
v
112.6
Feb
106.6.
106.13 July
108.16
Treasury 27/aS
Treasury 2%s
106.13 Ju'y
108.16
Dec
V
Dec
Sales for
the Week
High
*102.29
f
103
♦102.27
♦105.17
105.21
108.4
*107.12
Bonds (*)
'
*105:14? 105.18
•108
.
EXCHANGE
CLOSED
Friday
July 30
Low
Low
107.16
102.30
1951-1954
*104.15
104.18
♦104.12
104.15
1956-1959
♦108.20
108.24
*108.4
108.8
.
Treasury 2 % s.
Treasury 2 % s
.
High
STOCK
—1949-1952
__1951-1953
1955-1960
-
ir
July 24
Low
EXCHANGE
-
Monday
/July 5S6 ;
High
Saturday
GOVERNMENT BONDS
NEW YORK STOCK
fttance since Jan. 1
Lowest
Highest
-
.
the only- transactions of
range for the year.
and when outside of the
The
♦108.24
1960-1963
1948
108.28
*108.26
108.30
*100.6
-1958-1963
Treasury 2%s
Treasury 21/2S____;
___
100.8
2Vis
1949-1953
*102
Treasury 2Vis
1950-1952
♦102.28:102.31
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
102.3
2Vis__
1952-1954
2yaS.*—1956-1958
2vis
.—1962-1957
*102.31
♦101.9
101.11
r2Vis
♦101
101.2
♦100.24
100.26
21/aS—
♦103.12
.—1963-1968
._Jun
103.1
1964-1969
1C3.14
Treasury 2 y2s—.Dec 1964-1969
Treasury 2ViS—
1965-1970
Treasury 2 Vis
1966-1971
Treasury 2Vis
Jun 1967-1972
Treasury. 2y2s__-.—Sep 1967-1972
Treasury 2 % s
Dec 1967*1972
Treasury 2%s*,-.i--iG--wv-1951>»1853
Treasury 2V4S___
—1952-1955
Terasury 2Vis
1954-1906
Treasury 2'/4S__
Treasury
Treasury
Treasury
Treasury
2 Vis
2y4s
2s
2s__
Treasury 2s_—
1956-1959
Jun
1959-1962
Dec
1959-1962
Dec
1948-1950
—Jun
1949-1951
--Sep; 1949*1951
Treasury
2s
Treasury
2s
Mar 1950-1932
Treasury
2s
Sep
Treasury 2s
Treasury 2s
Treasury
Treasury
2s
Treasury 2s
Treasury iy2s.,.
Dec
1949-1951
1950-1952
19b 1-1953
1951-1955
Jun
1952-1954
____Dec
1952-1954
1953-1955
—-1950
International Bank for
Reconstruction & Development
10-year 2%s—_
25-year 3s
h.
*Bid
and asked price.
No salea transacted this day.
a
Odd
Friday
BONDS
New
York
Stock
Interest
Last
Period
Exchange
Sale Price
lot
York
lSlt Unification
1972
Registered bond transaction.
r
sFriday
Week's Range
or
Friday's
Bid & Asked
Low
New
transaction,
1957
High
Bonds
New
fJanuary 1
Low
No.
York
Stock
Interest
Last
Period
Sale Price
High
14____1>.
J%s Series No.
Issue—
■
3%a
Corporate Stock
Registered
1023/4 103%
43
Series
No.
15
3%s
Series
No.
16
J-D
103??
r
107
107
3%s
Series
No.
17
J-D
3%s
Series
No.
19
3%s
Series
No.
■
—
21
No.
22
.J-D
Series
No.
23
J-D
3%s Series
No.
24
J-D
3%s
Series
No.
54
Ntt
26-
J-D
No.
2.7,
J-D &r \ ' W
:
..
51%
60
53 Y*
53%
V;—,
,
' "
;
47 »/8
53
3%c Series
Telephone
Members
REctor2-2300
120
New York Stock Exchange
Teletype
Broadway, New York
NY
(City) s f 58s.
Sinking fund gold 5s
Sinking fund gold 6s
AOtd
sink
Akershus
fund
1947
(Dept)
lAExternal
4s
♦61
—
60%
■
60
.
...
74
3
65%
92%
33%
7
313/8
40 y2
31%
40
1945
♦32
37%
s
f
7s
series C_
1945
♦32
37%
f
7s
series D
1945
*32
1957
33
/:
.
36%
1st series
__
7s
AExternal
sec
ARxternal
sec
AAntwerp
f
7s
2d
53 V*
60
*54 '
«
,4*
•
-
,
*32
*32
37
95
95
4
1013/4 103
73
97
......
1958
37%
5s of '25.1955
—.....1956
92
93
91V*
17
____..__1967
87%
88 %
1966
*873/4
...
External
s
f
6s
.External
s
f
7s__
89
99
AExternal
s
85
:
19
-
107% 108
5
106 Va
109
..1955
110
9
external 8S....1941
107%
114 V*
54
1
50%
110%
1927..
54
21%
253/4
assented
*26
*25 %
1961
*25%
.*1961
fjind 6s...
.J...
(Hukuang
Ry)
26
25%
1960
26%
*25%
1951
*5
18
27%
27
27%
19% *28
18
27%
Series
No.
18
18
273/4
27%
17%
27
7%
For Financial Institution*
FOREIGN SECURITIES
1979
FIRM TRADING MARKETS
1—;
3%a Series
3%s Series
No.
2
No.
3
3%s Series No.
3%a Series No.
5
3%s Series No.
6
CABL marks & P.O. INC.
4
■A0--., 3%s ■ Series'' No/: 7
3%s Series
No.
8—
3%a
Series
No.
9
3%s
3%a
Series
No.
No.
11
3%s Series No.
-
10.
Series
FOREIGN SECURITIES SPECIALISTS
Li//;////
12
•'V%s
Series
No.
For footnotes
see
—
50 Broad
;
13
page 31.
St., New York 4, N Y.
telephone HAhover 2-0050
■
J*—.—r* «
,
,
r
,, ,
v -STr-.-*
u *
27 V4
25%
1952
(Int reduced to 3.375%)
28
18 %
1ft
*26
—I960
27%
;
20%
27%
*26
.....
5s__
27 Vs
!»263/4
1962
,—1962
Munip 7s_.__
;
*'26
.1961
28
18%
20
A
Bxternal $ bonds of 1944 (Plan B)—
j.
6s
A6s assented
A Chinese
(Int reduced to 3.5%)......1978
/
v
a 7s
funding bonds of 1931 due__1951
Stamped pursuant to Plan A
,■
62
A Chilean Cons
B%
'
28 f
27%
27
1957
Ry)
Stamped pursuant to Plan
3%s
27 Ya
__
to 3.375%)____1979
f 6%s of
(Central
18%
22%,
19%
1961
sink
277/a
28
25%
1957
A6s assented
28
18%
27
^1967
AOuaranteed sink fund
AOuaranteed
27%
20%
25%
*25%
1963
.....
28
'27%
*26%
1962
—.1963
6s—
T_...
28
191/4
20%
„
25%
—
A6%s assented
28/
18%
26
ASlnking fund 6%s_.
91%
99%^ 104%/
27%
19%
'
27
A6%s assented
92 t
50
28-
18%
25%
...
.
101%
103%. 103V//
153%, 103'.
26
27
...
:
94 y* 101%102
25%
—.
A 6s assented
83%
59
19
27
~
*26%
...
60
52%.
37 Va
26
Jan 1961
assented
48/
.
18%
26
•27
Alxtl
AChlle Mortgage Bank 6V2S
89 %
85 y0
Stamped pursuant to Plan A
/
(Int reduced to 3.375%).---1979
A7s
25 %
—1960
sinking fund 6s...
AExternal sinking fund
103
92%
Stamped pursuant to. Plan Ah)//
/
1942
a 6s assented-.-—
v
A6s
93 V*
18
100 Va 100 Va
.
87%
18
Stamped pursuant to Plan A
(Int reduced to 3.5%)—..._1978
AExternal s f 6%s of 1926
1957
(Int reduced
50
*26,%..
25'/3
40% /
/ 87%
,
—
86% .88%
1955
(U S of)
1942
*26%
40%
73
21
90%
1957
...
31%'
104% 104%.
48
1954
.I960
'
31%
"•:•
104%
1037a 104%,
•
15-year 3%s
1962
Belgium external' 6 % s_^.._.__..._i949
lABrazil
;
104
sinking fund 6s——_!Sep 1961
A6s assented
.Sep 1961
AExternal sinking fund 6s—
.1962
$
40%/;
,4—/
99
,
33%
■.
94'
1961
„
l
f 7s.
60:
.
101V4,101»/»
.Feb 1961
sinking fund 6s——.
?■
.Feb 1961
AGs assented
1
.Jan 1961
ARy external s f 6s—.—...
'
40
s
A6s assented
31%
*53'/4 60.,;;:-:
*'53% vb5/■
60%.
;
.55
6tt
54%/ 66
u
,
61.
50,
1
.59ft,,
60%
64,%..
100 V2 101%,
Alxtl
31s/a
1
series__1957
external 5s
Australia (CommonwTth)
10-year 3 %s
20-year 3%s
20-year 3%s
20-year 3%s
31
_.
f 7s 3rd series__1957
s
s
(City)
33
External
60
477/a
„
100 Va 100%.
1968
4s
assented
A External
65
74
s
f
>
(Rep)
|A7s
r
32%
I AExternal
s
64;
1968
lAExternal
AExternal
/
■
—
1945
coll
7s A
f 7s series B
s
*61
1948
6s
(King of Norway)
lAAntloquia
IA Chile
1957
,
60
51%
V,.;v9v;
1958
.
(Colombia)—
6s
—
60
60
1950
25-year 3 Vis——.
ACarlsbad (City) ,8s.——
Fereign. Govt. A Municipal.
iAQtd sink fund
(Dominion of)
__
,
:J-D//lv./ '-V ''
30—™
Briabane
1-1693
Canada
Agricultural Mtge Bank
J-D
Nor.
t%» Series No.
60%
-
51%
'i
60
3%» Series Ntt
Werthhm & Coi
60 Vi
52
54
53%,
Va
44
1
*54
—
'
60
*53 vi
53%.
Series
Series
60
2
53
*53>/4
3%■
52
—
*50'/4
—
''
High
51
2-
S3V*
53
—
3%s
Low
:iL ;
53Mi
*53 V*
i-v
J-D
3%sSeries Na.25______
January 1
No.
53 W*
■
*53%r53%
•
—
J-D
Series
3%s
*
53
J-D
Range Since
Sold
High
53V*
*501/4
—
J-D
20-_*—.
3%s
Foreign Securities
'
J-D.
18-^—i..
;3%* Series No.
,
*50 %
53%
'
5354
53V*
J-D
100%
—
'
J-D •1
.
Bonds
Bid & Asked
Low
City
(
Week's Range *
or Friday's /
;/
Exchange
boN Ds
Range Since
Sold
Teletype NY 1-971
27%
.
the
commercial
NEW
v
Friday
BONDS
New
Colombia
A6s
York
Stock
(Republic
of
A6s of
—.Oct 1961'
bonds
gold
Bank 6Vas
1947
ACosta
of)
5s of
7s
-y
High
39
External gold 5 Vas
El" Salvador
3s extl
s
Low
AExternal
F-A
J-D
J-vV
•
'
—
1107/8
16
*102%
:
*100
101
110% 110%
82
4.41/4.41/28 extl
53%
79
13%
18
102
100
ioiya
110%
118
RAILROAD AND INDUSTRIAL COMPANIES
llOVa
110
AAdrihtic Electric
Public Works
5 A 7s
series
Italian
1 %
B
Public
3V4s_—1967
Power
let- mtge
3y2s—1972
*67%
1%
(Colombia)
100%
86'/a
J-D
75
2030
2%s
debentures—
101%
2%s
_1986
debentures
93%
94%
95J/2
921/2
89
89
89%
85%-
23%
3s
—1957
debentures.^-.
Ann Arbor 1st'-
96
.—-1969
Stamped
102%
102 Va
101%
Is t: mortgage •
102%
100%
101% 102 Vi
99y4
101-
102%.
116%
103%
81
81
97%
.
Santa Fe^—.^.a__:.l995
4s
July 1-1995
Atlanta & Charlotte" Air
1952
97Va
106 y4
112»/4 113%
*._•
109
91%
112%
.-196F
93J/4
90%
gold' 4s—.—July 1995
AtchlSOit Topeka &
Generai- 4s^
Line Ry—
3%s-._
103% 103%
,.—1963
104% 105
Atlantic Coast !«£ tons 4s__—July 1952
General'Uhified -4%s A.__—____ 1964
Atlantic .fc Daftville'Ry 1st 4s„____1948
1954
93%
dbbentures.Ii....^..d—U_i.il987
conv
100%
13%
92%»
98%
-
101%
93 y8
AmeriTobaqco Co deb 3s—l-l-l-1962.
96 V*
104% 106%
96
2%# dbbfe'dturek^iw-w^-iLijuL—-1982
2%s
97 y4
90%
92%
95 y4
105%
debentures--
99
78'/a
103%-
85 V*
96
-1961
conv
27/«s'
105% 106'/a
45y4
47
30%
20
„_._1948
Atlantlo-Refining. 2%a
1943
IA Mexico
M-S
Co—
—,—,——1975
Second^ mortgage- 4a:
Ass'td to Nov 5', 1942,
a*,
&
debentures.-—*——1080
debs^„1966
Mexican
•
—1966
debentures.
1977
6%s—
107
94'/a
2%s
1977
Irrigation—
lA4y2s assented
100% 104'/a
103%' 107 Vz
82
2%k
Altaly (Kingdom of) 7s_—IIIIIIIl951
AJugloslavla (State Mtge Bk) 7s_ 1957
Medellln
J~ J
2^
lay#
29-
97
*41%
*10
1947
,_4U
«23V4
'
m-s
—1956
A P W' Products Co
to 3%
>
A-0
*48%
1977
!
:■
-
M-N
A-0
Foreign Pow deb 5s:
American- Telephone & Telegraph
1960
w
A-O
Allis-Chalmeri Mfg- 2s debs.
American Airlines 3s debs..
Utility—
Credit Institute
AExternal 7»—
7s—J—.1952
Southern
1968
to- 3 <?oi
Co
Great
& Susquehanna RR 4'/2s
1975
Alleghany & Western 1st gtd 4sl._1998
,-1960
' J
t
——
Albany
~1949
Irish Free State extl s f 5s_
Italian (Republic) extl s f l-3s
Italian Credit Consortium for
121
7si
Alabafnd
1967
ext 6%s_
external
(City)
A4,/2s'dss6iited
1964
(City)
118
niy2
AWarsaw
•
Helslngfors
117*
121
s"
Amer
.
124
readjustment—
Alabama
_y_Jan 1,-1976
part paid—
A6s part paid
130
'*110'
|
High
124
„
3%s extl readjustment——
Provinces 7s_
j
1942
A 7s
Low
No.
AVenetian
"""1955
(Republic of) 7sFreiifeh Republic extl 7s
Greek Government— •
v*
__
'
*120
M-N'
6s".___—
58
60
1, 1976
—'
"110'
Range Sinee
January 1
Sold
High
37/s-4y8-41flfls extl conv
53
^-Jan l»1970
J-Jan
—*"
M-N
futid
' ' '
y
Bonds
Friday's
($- bond of 1937)
readjustment
conversion^.—u-u_
44
of)—
f $
fund' 6S—
sink
102%
'v. 67
15%
__
,,
er
Bid & Asked
3P/4>4*-4'/8S
41
IIIIIIl962
Estonia
sink
AExternal
•;
:
108 y2
67
:
F-A
(Republic) extl 8i—
External
73
Sale Price
High
External
72
Last
Period
Low
i960
_
(Republic
wC«Xptm f
A
January 1
Week's Ranfe
Interest
BOND'S'"-""*...:
■
Nctf York? Stock Exchange
'
41
Aginking fuhd 8s series" B—*.
1952
Stamped assented (intT redUced
.
External gold* 4'/2S—
No.
:•
Range Since
__
1953
to 6%) extended to-,
IADenmark 20-year extl 6s__
Sold'
75
37%
All95i
ser
so
fAUruguay
41
__
Af-3
1077
(Rep of) 8s
wiir'
Friday
Bonds
*38
~
M-N
■*
1949
.
RECORD
BOND
week ended-
*38
—
M-N
.
1951
4V2s external debt
Loto
*^7
'
J-D
1914~-I~1949-
Sinking fund 5%s
Czechoslovakia
F-A
Friday's
*67
38
M-tr
1952
External loan 4'/2s
A
^
—
A-O
1946
l.1953
Cuba
,
A-O
1947
4'/2s—
Rica
(Rep
(Republic of)
J- J
1970
iASirtkirtg fund 7s of 1926
5 Aginking fund' 7s of 192f_
Copenhagen (City) 5s
25-year
-
A'-O
Jan 1961
f $
s
I AColombta Mtge
or
Bid A Asked
—
I—
1927
3s external
Sale Price
,
YORK
range for
Mdnaay, Augusr
■
Week's Range
Last
Period
;
of)
1928-.-,
Interest
-
Exchange
chronicle
& financial
*99 y»
100
agree_1968
(US) extl 5s of 1899 £
I945
of 1899—
1945
Ass'td to Nov. 5, 1942,
agree_1963
AAssentlng 4s of 1904—.
_1954
Ass'td to Nov. 5, 1942, agree_1968
IA Assenting- 5s
|AAssenting 4s of
1910
1945
*^Ass td t0 Nov- 5> 1942>
.«
fATreasury 6s of 1913
A Ass'td
AMllan
to Nov. 5,
(City of)
Minas- Geraes
1952
(Int
reduced
ASec external
;
to
A
2.125%)
2008
f 6%s_
s
(Int rfeduced
vf,
1953
Plan
to
195&
Stamped pursuant to Plan
c
"
<
f 6Vis-
s
Stamped pursuant
•t-v
1933
1942, agree_1963
6%s
(State)—
ASec external
agree_1963
assent
A
to
2.125%)
2008
Netherlands (Kingdom) 3%s
1957
Norway (Kingdom of) 4%S;.i_.—IIl956
External
sink
fund
,4y4s
.>.1965
4s sink
fund extl loan—i>
3%s
f
s
1963
"•
externai——ri_:::::i057
Municipal Bank extl s f 5s
Oslo (City) sink fund 4%s
19,70
88%'
1955
sec
ref 3y2s
IAPernambuco
A Peru
ANat loan
f APoland
A 4
"1947
7si__.
A
2.125%)
external 7s
(Rep of)
f 6s lstf
s
exil
f 6s
s
(Rep of)
2008
1959
ser__Z~1960
2d ser
1961
gold 6s
1940
'/2 s assented
AStabillzatlon
97V2:
1967
to
ANat loan exrt
947/a
1994
series B
(State of)
dnt reduced
123
1963
;
Stamped pursuant to Plan
>
100 y*
119
(Republic)—
AStamped assented 5s
Stamp mod 3VrS- ext to
Ext
96%
96%-
88 y4-
100 v*
Panama
1958
loan
s
f
7s
1947
II1968
A4%p assented
•AExternal sink fund gold 8s
A4'/2s assented
L
APorto Alegre (City of)
1950
1963
8s
1961
Stamped pursuant to Plan A
(Int
reduced
2.375%)
to
2001
7%s 1966 stmp pursuant to Plan A
(Int reduced to 2.25%)—2006
lARlo de Janeiro (City of) 8s
.1948
Stamped pursuant to Plan A:
;
(Int reduced to 2.375%)
AExternal sec 6y2s
2001
—1953
Stamped pursuant to Plan A
(Int reduced to 2%)__;
Rio Grande do
Sul
2012
California Elec Power
(State of)—
|A8s
extl loan of 1921——1948
Stamped pursuant to Flan A
(Int reduced to 2.5 %)_.
1999
A 6s
external
sink
fund
Canada
*'24%
Canadian
27
A7s
external
of
loan
Stamped pursuant
(Int' reduced
2012
1926—
1966
2.25% )_.„2004
7s 196V stmp pursuant to Plan A
(Int
i7
ARome
reduced
(City of)
to
2004
2.25%)
6V2s
.—1952
ASao Paulo
(City) 8s
Stamped pursuant to Plan A
(Int reduced to 2.37590)
A6%s extl secured
s
f
1952
.
2001
—1957
Stamped pursuant to Plan A
(Int reduced to 2%)
lASan
?
;
-
Paulo
(State)
1936
Stamped pursuant to Plan A
(Int reduced to 2.5%)
A8s
external
Stamped pursuant to Plan A
(Int reduced to" 215 9S)
A7s
j
'
'I'. f
(
•
water
1999
loan—
A
s
i
7s
1940
Stamped pursuant to- Plaif A
(Int reduced to 3.5%-):
&
Serbs Croats & Slovenes
A8s
i
197F
Central New- York* Power ■3s-i._^_1974
.
f
A4%«
-
aesented-__-;f_i.ji._„i.;.i.^-1958
Byetier county* council 3%si
.
».1962
1957
1st
•
:■*
&
1st ref gtd gold
rfefl series A
• *-:
•
48.1949
80 y4
f0%"
73%-
11->/4-
11%
11
11%'
67'/at
68%
X67%' X07%
x52 w: 57
80
>
'
y2-„
80- .:
7
i!bo%
,724%-, 74- -•
■
70% £73%
62%
64-
stamp> (partial
"32%
32%
9
18
'
.
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:
■
.
,
81
1&y'
"
TO
50
97% 103
102
103%'
I '
"
9*6% 102
101%'104%
_
.
redemptioh>_il942
37%
'35.%
I37r
33l
i
^82
18%,: 36%
202
iooy4-ioo%
60 V2
'52-'
12 V: '
102%-102%
(
slVi'iy/^ '■(
7§y2 j
67%
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'
'
102
/I
-
5
-6%.:'.14%'I
©Va, •'•14%"
"
.
(,
Chanlplon Paper & Fibre deb 3s_^.1965
100 y8
84
39%- .75%
.
27
lfeF mtge':3%s ser B.-j—^-—1^.-1968
& Banking
>
•
;5s
103 y4
63%
11
184 ,''
1"4'-
(4 % % to Aug ,1 -1949) -—Li_i—1974
IA Central- RR
67%
•
99
■
/
79%
62%
,—1087
75
-75-
70 y2
registered
%
100 y2
;
—/:,
108 >/4
*100 Va-
72%
registered-.——-
58
102-
•
*100 %?-•-
jr__1987
A 5s;
f t
107
!"1C7%-108..:
102
97 V*
82%
*63Vr-. i;-
JACentral -of N J gen gold" 5s—1987
35%*'
89
(jCihgdom)—
external—
107 y2
1-
•
A 4s
A 7a seriJk B Set* extl—1—J.1962
ASllesIa (Prov of) extl 7sf-l—_.
1958
f
f
secured
112%
106%
L_—,__1045
gen S Vas : series BL:.
__1959
gen 5s series C
1959
Central Pkdific
>•
i 111% 111%
111%
mtgfeMs sen A—_
1895
4V2s ser Ar_____Jan 1 2023
mtge 4V>s'ser B_-.—_Jan1 2020
AChatt Div pur'money gor<i>4S-.195l
§ A Mobile Div lst' gold 5s^„
_1946
Central Iliihois Light 3%sl—1966
25%
10'%
106:1»
106 Va-106%
95%953/s" 96%
Gen
83%
109%
108 v2
111% 113%
110%
Gen mtge
1968
Stamped pursuant to Plan" A
(Int reduced to 2%)__•—:
..2012
|A Secured
Ref
107 y2
112%
*112
I St1
1999
1956
extl dollar loan
ARef A^
111%' 114%
113% -113'/r
107 %2 108
*108 V4' 109%
•§AConsol gold 5i--~
:
Stamped pursuant to Plan A
(Int reduced to 2.25%)—_200"4
A 6s
:
extl
'
Nov 1945
5 A 1st mtge 5s
1950'
—
107 Ma
JC^rikal oft Georgia Ry—'
2012
8s
11>3 V4
102%
100% 110
103
.Guaranteed
to Plan A
to
gold - 4%Su._i-l..1_
,1957
gold 5s
—Oct 1969
gold 5s___1970
GnkranteCd gold 4%s—
^^—1955
: Guaranteed
gold' 4 V2s_
.._1956
Guaranteed gold .4V2s—
1951
Cart Pac Ry 4% deb stk perpetual
Carolina 'Clihchfield & Ohio 4si.
.1965
CaitttagetM Adirtfnack Ry—.
.1st mtge gtd ,4s_^_Li._—___1981
Ceiadese Corp 3s - debS—__.j
;T965
Celotex Corp 3'/4s debSi—__Lu_—1960
3%s debs (1947 issue)—
,.-1960
ACerit Brarich U V 1st gold 4s—;—1948
99%
105 v*
1974
.1962
Guaranteed
35
103 Va
104
,1976
Southern
Guaranteed
gold—,-1968
Stamped pursuant to Plan A
(Int reduced to 2%)
3S—■
1st
Power-3'/8s
...
cons gtd 5s A
National ' Ry—
Calif Oregon
*33%
r—
iooy4-ioo7/8
'291%'" 39,
,
^,100%:
Volume
Number 4721
168
THE
COMMERCIAL
NEW
&
YORK
FINANCIAL
BOND
>•>>>>- BONDS.
New York
Stock
Last
*
or
Friday
Friday's
'
Sale Price •'} Bid A Asked
Period
-
Low
Chesapeake & Ohio 'Ry>General-gold 4 Vis
j.
1992
Ref &
'-i.
impt mtge 3 Vis D
>
R
&
V
A
Div
1st
125%
'125% 126'
M-W
100 Vi.
100
1996
gold 4s
cons
2d consol gold
F -A
1C2
J- J
1989
....
J- J
';V
*109
111
■.
General
1958
J-J
1st & ref 4%s series B______,„ 1977
1st 6t ref mtge 3V8S___,_i__»«
.1985
1st &
ref
Chicago
mtge
&
111
.■
inc
mtge
.1985
M-N
4V2S____^Jan 1 2038
mtge
3s
B—
ser
1989
&
Apr
ri
.
Gold 3
ref
mtge 3 Vis series P
_1963
J-J
j-j
^.iJ.1962
gold
General
v
B__._.___
1993
Ref & impt 4%s series E__
.1977
Cin Wab & Mich Div 1st 4s____199l
u
Cleveland Elec Ulum
Union
Terminals
;>
2
93
__
j-d
j-d
V
V
>_
J-D
j-j
'
73
j-j
'.v.'
Tol
1st
*;
:
1st
;V"T_
•"
■
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y?>;33:.;>
>
f
101
Va:
4::>
1955
mtge 23/4S ser A
1982
mtge 2%s
ser
B___,__1977
ser
C_„
1st
&
3s
conv
debentures—,^
Natural
Continental
Steel
5ACuba
Northern
A
1st
1965
,
mtge 3Vis.
Ry 1st 5Vis
A
receipts
5s gold——
Deposit receipts
-,'
20m >
•
A7Vis
ser
A
•' "<
__
105 '
1st
mortgage
Deere
Union
&
Co
Ry
3 "As
5
•
_J-:
•
••
1st &
M
ref
5s
95
Coll. Tr
Delaware
1st
37'/a
:>
&
1%
contingent
Alncome mtge
>
(3%
*93%
94%
91%
95%
•
:
••>;
-
A Second
gold
&
Dow
Chemical
101%
106
El 111
(NY)
&
lien
98
Apr
M
Jan
2%s..—
~6
4
38
>19
>••
33
>
36
;
10
37%.
12
1st
'
98
31%
21
f
Ry
97 7A
96
V®
1st
•94%. 96 >0
Vc
M-N
1957
F-A
62%
A-0
24%
5s A
96%
127 Va
98
94%
96
88 '
28
♦104V4.104 Va
5
.
,96.%
.
■
105%
104 Vb
62'A
63 V4
104
57%
23 'A
25%
123
>17 %
29'A
93
102%
100
102%
102
.
103%
100%
102
68
Telep 2%s series A__,.J981
J-J
.____1978
__i_—u»._1051
97 Va
II'V
102 l/e 102 Vb
:tl ;■
97'A
J-D
J-J
J-J
*101
A-0
♦lOOVe 101%
Jf-8
1st: gold
3%s
trust gold
4^^i.._*u^_!l952:
trust
A-O
3%s_—».1952
gold
4s
102%^.
102 Va
102%
103%
.
105'A
>98%
101 Va
95
102%
105 Va 106 Vi
16
86 Va
50
1966
/-A
8-5 Va
—1950
J-D
J-J
*100
1961
1951
102%
*104%
Bridge gold 4s
Louis Div & Term gold 3s
Gold :■: 3VaSi^
i._—
103%
98
1
7
101% 101 Va
M-jy
99%
17
101% ^
101 %
M-N
1955
8
103 y8 103%
J-J
1953
L
*__:
M-N
i.___w-w—195B
lines
r
108 Va
>77
89%
104 Vb
104 »A
104 %
100
07
J-J
*99% 104.
95'A
100
*39%
97
100
J-J
*100%
97
101%
J-J
*100%
F-A
♦102%. 103
102
102%
F-A
,
102% 102 Va
F-A
J-J
*100%
101
101
19
99 V*
103
.
J-D
83
98'A
90 %
83
V
84
88%
76
11
100%
93%
81'A
6
>77
4
95
101
10O
102
88%
'
J-J
100% 100%
1
__
J-J
*100% 101 Va
Indianapolis Union Ry Co^-~
Imp 2»/as
1986
ser C—
A 1st 6s series A.
.
A
J-D
*86 Ve
.is:
—
90
85%
85%
,
J-J
July 1952
.
—1972
36Vst
61%
.
37 VB
J-J
.'if
65
/
43%
63'A
50
63
52
60
67
99
1
99
102
82
11
60%
60%
H>
65
65%
M-W
20
48%
';•..
11
•>„ •!
99
■
J
67 Va
52%
87
61
*46%
A-O
> 46
64%
36%
J-J
1956
A 1st gold 5s. series C
.-1956
fAInternat Hydro-Elec deb 6s——^1944
61%
A-0
,.—1952
A Adjustment 6s series
A 1st 5s series. B
,
:
96%
89%
96%
J-D
J-D
:
99%
103%
30
.
95
1949:
^International Great Northern RR—
103%
100
102
25
101 Vi
95 Va" 96
J-D
A—1962
*__.
;
94 lA
119%
129
89
,
James Frankl & Clear
1st 4s._—1959
J-D
27/uS——1976
»Kanavvbk & Mich 1st gtid gold 4s^.l990
Kansas City Pqwer & Light 2%sT_1976
Kansas City Southern Ry 1st 3s—1950
80
y 80 f
Jtf-8
v
A-O
Jersey
96%
Central Pow
&
Lt
75%
83
95%
'98 Vi 102 Vb
98%
88%
64%
65
2042
Af-N
A-0
*101%'103
J-D
*..
14
;>
54%
65%
lOt
,
103
104%
,
J-J
90
90
Apr
67
66%
'•"
^st njtge 4s set:
^i^-1975.
City Terminal Ry 2%s
1974
Kentucky Central gold 4s
-——1987
Kentucky & Ipdiana Term 4%s_—1961
2
Stamped
I———
1961
•,,■,
4
1993
J-J
iy66
M-S
80%
J! 92%.W._, „VU
68V4
80Va
•108 V4
J-D
.
89!
.
,
-
80
-
93
Kansas
>51%> 70%
.'
I
Plain
101%
B..1976
..1961
1937
5s.,,.i956;
97
J-D
>•65 Va
Af-N
J-J
101%
•;
72
96
58%
96
■
106%
61
86
97%
'3
96%
98%
38
49 Vi
97%
•97%
98%
111% 111%
Af-S
-
7,
14
97%
100%
A-O
"104
A-O
'
.
t*J
110,
112%
104,
156%
•;,
112%.'
102
105%
101%
106%
>:>><-''
100
105%
i .iti.SC 0'
103%
..
A-0
103% 103%
J-J
J-J
*98
J-J
;
:
"
A-0
*175
1964
A-0
*100
1989
Jf-8
Laclede Gas Light 4%s conv debs__1963
Jtf-8
Lake Sh & Mich Sou gold
3%s—1997
J-D
1997
J-D
89 i
89
89
Dac
867/e
86%
86%
96 %
97
—
■='='"
■'">
r
112 y.
v
176
99%
10
■
•
r
98
97
169
102
1%;
100 Vi
114% \
98%
97
112%
*97
?
104% >1
50
'•44
98%
113
*108
.
97
110%
49 V»
J-J
1961
;;
113
*110
;;
98
100%
103
96%
36
*97% 100'A
J-J
—1997
3 V2S
registered
Lautaro^Nitrate Co Ltd-rA 1st
103 %
L>: $
%*/i >;
;
:5s
r
stamped
5s, stamped
—
.
107
,108%
*96
.
.
123
111%
102
88V4- 98
98%
5
82%
90
10
83%
A-0
92
7
90
97
85
100
84'V
95
92%
l
82%
94
70'A
29
60
71% >
74%
l
67
>
1954
1964,
•>-5s, stamped "...
.1974
Lehigh Val Harbor Term, gtd 5s—1954
Lehigh Valley JRy Co NY 4%s ext_1960
—
107,4
'-v.
ipcome reg
1978
Lehigh Coal & Navigation Co—:
•
S F mtge 3%'s ser A_.__._-—,—1970
mtge
I^ehigh. Valley ,Coal Co—
156%
>105
A-O
98 Va
102
2
68
'
17
45 Va
102->.
75
84%
45%
98%
102
98%
68%
•
*..
A-O
104 %
58
J-J
.1965
lAKreuger & Toll 5s* ctfsi
97%
•
M-N
.1995
^.1970
Kings Cqunty El L & P Gs
Koppers Co 1st mtge 3s
i
84 Va
J-J
F-A
'82%
110'/a
78
*105% 106
M-S
66Vi
107%
>' 1
97
*74Va
—
3
101% 102 Va
J-D
unguaranteed
947/b
95
J-D
1961
:
r
27
81
108V4 108V4
M-S
1995
3V4S-,
For footnotes see
page 31.
66%
93%
.68
gold 5s
stamped
80
100
>56%
22
94% '
*125
Feb 1957
Manhattan
Bell
Ref &
37
103%
103 Va!
101
95%
94%
J-J
Illinois Terminal Ry 4s ser A—
1970
Indiana 111 & Iowa 1st gold 4s—1950
37%
34V*
98%
1970
94%
J-J
Joint 1st ref 5s series A—.,—1983
1st '& ref 4Va.s series C
.—1963
1st ref mtge 4s ser D_^
1963
;
'
j;
36%
103%
*"'
J-D
1999
4%sL
Registered
42%
33%
35%
...
&
Jtf-8
1st mtge 2%s__1978
Ry
111 Cent and Chic St L & N Q~r
84
54
__.___.;:.____1995
cons
East
101%
68%
92 Va
64 '
94%l"
63
*93%
r
■
.
-93
5
>
"A-0
Springfield Div
94%
55%
:
80%
=
1
?..
i.
881
48
J-J
1982
& Atl gold 5s
i
"Jf-N
1976
.1978
,
1st gold 3%s—1951
Western Lines 1st gold 4s.—-1951
.
101%
80%
1970
debs____
102%
99
l_._1951
4%s
ser
1.1%
100%
25"
76 Va
>97%
,
St
'
I
6%
3
100 Vs 100 Va
76%
,
Litchfield Div 1st gold 3s.
1951
Louisville Dlr & Term gold 3 Vis. 1953
Omaha Div 1st gold 3&__——^-i.1951
101%
65 Va
El Pasq & S'western 1st 5s__„^.__l965
5s
2044
B_'__
ser
Int Rys Cent Amer 1st 5s B
A-0
1973
gold 4s
RR 2%s
2.35s
1st
76%
Valley
Cairo
'
JEast Tenp Va & Ga Div, 1st
Ed
100 Va-
f."
Purchased
110%
100%
88 Va
Duquesne Light Co 2 %s__ _™____1977'
Elgin Joliet
>
A-0
Coliateral
103%
fixed,>■:
4s_
■?: t § A Dul So Shore
J-J
;J-J
^
Refundihg 4s^^
•
99
65 Vi
Tunnek 4%s____i._196L
Det Tol & Ironton
1975
—1969
Util 1st
2
102% 102%
.July 2015
B
ser
—
1st
A-0
64
63
V
Q
96%
*85 %
..1977
"
*64
9
gold 3s sterling.—-1951
1st
..
96 >. 102
82 Va
,
31%
*35
2018
j - Gen & ref 3s series H
;>Gen & ref 23/4S series
>'• Detroit Term
Feb
A;
series
mtge inc 4s
90,
'
RR—
1st gold
;
100
Af-N
1
A" (4%.%.
(3
>•
J-J
"Feb
i
-1959
*AAdi income 5s
99%
Af-N
3s
1% contingent int')..:..
Detroit Edison 3Vis series. G_
Detroit & Mack
Ohio
-
3%s series D
4s
ref
Hudson
•
fixed;
>>Denver,&,Sal1> Lake—*
i Income mtge
ref
&
&
debs
Household Finance Corp 2%s
Hudson Coal 1st's f 5s series
Hudson Co Gas ;lst gold 5s
107%
94%-:
32
•*:
J-D
int).^....^...1993
ser
Q__
ser
Refunding 5s
40-year 4%s__
1973
contingent int)
99 Va
98
100%
97
15
;
:
Denver & Rio Grande West RR—
1st >mtge ser- A
1
82
108'/b
107>
•
.1993
...
Light
117%
'•
C
mtge <fc coll tr 3 Vis
123%
92%
Collateral
t: 95?
677
98%
37%
21%
M-N
-
112
116
110
74
102%
105%
3 ->
5
92 V4
82%
A-O
4-6s>_>____>_May
Power
*
J-J
109 %
H.
58%
92%
102
•
*35
B__—1965
•
117%
78 Va
104 Vi
U
49
J-D
1965
ser
14
129
117%
*122
/
*
*78%
104%
45
48
J-J
4s extended—1963
division
—
J-J
Hocking
102
'104'/a
94%
98 Vi
98 Va
1946
Delaware, Lack & West RR Co—
N UF tack is Western div>1
Morris & Essex
.
106
.101%
_.
99 %
92%
J-J
.
;
\ Alncpme mtge due.
110 % m'/a
,
__
I,
2010
105
*100% 102
48
J-D
debs
Delaware & Hudson
•
110%
Vi
J-J
mtge 2%s
100%
20 •' "
—
107% 108%
,
1946'
ser
J-J
88
'>>>=/;>:>!>>
'
>
;
101% 101%
98%
M-N
1st mtge 2%s_.,.,1975
3s
;;
1978
2%s
101
82
Hackensack Water
D
Dayton
97%
7.
1st mortgage 3s
*
i
30
10
Gtllf States
96 Va 104%
107
94%
107%
J-D
..1952
deposit rets
Dayton Pr & Lt
99'A
91
Extended
14 A ::> 51
109 %
102
J-J
1942
1st
A6s ser B deposit rets
86
99
J-J
1st.gold
101%
97%
M-S
1966
Deposit
ACuba RR
81%
93
106'A
75
*92
A-O
2,/eS___1975
Baking 3s debs
Crucible
11
98
1081/4
98%
99
v1
94%
J-D
1968
2%s
,103,.,
83%
907/a
100 Va
3 >
*105% 106%
99
M-N
1963
1.,
Gas
1st mtge
103
83%
90 V4
'
J-D
Consolidated
105
93
104
_
101% 102
A-0
mtge 2%s
Consumers Power
62
102%
J-J
•'1st mtge 3s series B.i.
Illinois Central RR—
> 21
*104%
Jkf-S
& ref
1972
66
'
•J-J
O
ser
Illinois
51%
105
*
F-A
&
D
59
2000
Gen
101 Va
100%
*100%
M-S
F-A
1st
series
83%
M-W
1973
101%
51
A-0
1st
1972
1
*102
♦
._
m-s ;
^-1952
series C
101
•95
101% 101%
A-0
Consolidated Edison of New York—.
102%
50 VB
*103% 105
J-D
1st mtge 2%s_1963
100%
100
A-O
1965
3s
Co
101%
ioi >>; >>>5 ;>
101% 102%-/.
"j
—
F-A
Cipr Corp 3 Vis
104
100
103%.-104%
._
106% 106% :.
51
M-S
J-J
ref
v
23
35
—1982
1st
v:>6;-' .;-.84%'>:9a'"
•; v> v'Jtf-N
1961
ref
i
Ry Co—
Gen. mtgfe inc 5s
'68>>r 77Vb
59V£ ; 70r
:■
3
■
91%. >
:,io7% 107%
-
A-O
1951
ref
F)
"
"
..
-65 >'
101;
A-O
,1977
1st &
103% 103%
*101%
CO
60%.
59 % ' 59 %
^
60
'
>'82'>'>97>
100 Va 100 Vb
:
A-O
mtge 3s series L——...
Consolidated
'I,
4
"1st fz
>^8>;>82"
14"
96%
109
103% 103%
Conn Ry & L 1st & ref 4%s
Conn River Pwr s f 3%s A.*.
,,
i
._
'•'
mtge 3%s
Commonwealth Edison Co—
'
(B
Northern
Gulf- Mobile
:>'91-"%':;,93
-
V
,103%
A-O
4s
102
,
mtge 2%s ser P—
100%
103V>103%,> i>>;38>> *103'!
1973
extl
96%
,100
Gen
105%
>103%
F-A
Columbus & H V 1st extl gold 4s__1948
'Columbus & Sou Ohio El 3%s___'_1970
<fc
5s_,_!_1949
1969
Greyhoundi Corp 3s
102 Va
97%
>>. ,...>10
80.Va ;
91%
m-w
Southern Ry—
4Vis (Stamped modified)
1980
Columbia Gas & Elec 3Vis debs___197i
3 Vis debentures
1973
86 %
96%
Utilities Corp-~
—
.106%
._
65
—
&
Columbus
■:..: J,:
M-N
1956
Gen mtge 2 %S ser R_>
——1961
AGreen Bay & West deb ctfs A_.
A Debentures; ctfs B.
:106%>
J-J
J-D
1977
78
Gen
80
102}
12
%7 ':r;l3'VV>74%:>>
65
m-w
_____1972
mtge 4Vis series C_
Colorado
'A
Gen
74
••>25' >
93
96%
*100-/4
,
Co—
mtge 5 Vis series A*.:
M-S
4 %s series D
.^-1976
Gen: mtge 3%S ser N._^._.._^i_^1990
;
91>
;! •>
io7
lOOVi", >!>13>'>
;
80%
1950
>>lst mtge 5s series B__
1st
"
99
94
86%
100
M-S
General 5 Vas series B_^
.
1st
83
*93
J-D
1974
inc debs
General 5s
,100%
103'',
98'A
99 Va
__
1982
1961
73%
93
81 1
*—
Jf-N
1959
4VaS
f: General
87'A
102 %
99%
■
Realty &
conv
Goodrich
1
•78
>>
99%
*106%
f-a
1948
gtd
Series D 3%& gtd____^_i
Cleve Short Line. 1st gtd 4%s_
Cleveland
61%
7Q%;
71%
•
'5
V
105%.!*
'
98 V4
f-a
j-d
r
1st mortgage 3s_.._________
'Cleveland A Pittsburgh RR—
3 Vis
A4s
>';">• 2 >> 100 >102,
74VA;.
'
.
C
74'A,
■I"!
v
St Ik>uU piv4 1st) coll' twist! 4*>iJ990
Series
86
-
83-
-
M-S
1961
deb__
3s
1st
Gas & Elec of Berg Co cqns
General
101% 107%
153
104 Va 105%
198%;
A-0
____1993
series
5s
>>>
102
v
*81
Jtf-8
1971
trusi 6s
94
100
99%
Louis Ry—
4s
87
High
64v
'
1953
deposit
Great
89
20
104 Va 105
105 %
J-J
—
of
100 >105
.105
104 %
2000
*S3
*
V-,
'
„1975
1st intge gtd> 3%s series 'E-_____1969
1st mtge 2%s ser
G_-i.ii£j;i.v-_i974
St
5
;
101
r:
; >• >
-
: m-s
City Ice & Fuel 2%sdebs_
1966
;City Investing Co 4s debs________ 1961
&
V
J-J
1952
Cine Gas & Elec 1st mtge >2%s
Cincinnati Union Terminal— -.
Cin Chic
86 Vb
53%:-
iis » >58%
'
85
ft
A-0
J-J
~n--—
Francisco Sugar coll
99% 106
-•65%
74%
59,
84
Lou?
57
92 '/a
22
665/8
72%
Range SlnM
January 1
No.
55 V«
24 '
101
--
G
71
.1990
A 1st & ref 5s series A_'
4A Certificates
.120
>39%
*100
,'
>
71
Sold
>■54%); 66%
*104
J-D
J-D
__1963
,1st «S& ref 4'Ai series
>
__
J-J
4s
^Florida East Coast
;.;>88%
58Va-
94
J-J
i
conv
Firestone Tire & Rub
80
12
106-106 V4
A 6 6 Va
—
1st cons mtge 3VaS ser
1st consimtge 2s ser H
•
-..1994
1st mtge 27/bs ser G
Chie & West'n Indiana
General
v
s
—
mtge,3VaS ser
50
18
.
>65
>
cons,
Bonds
'?•'
High
.99"
•
>79.;,; i; 90%
>55% ' 80 ',
70%: .71-;
106
J-D
Chicago Union Station—
Cleve
>
>
1994
Income 2%-4%s
1st
j-j
Apr
1951
%S>>>>>.____1951
&
6.,
,
55%
> 65
j-j
Memphis Div 1st gold 4s____:.___1951
Chic Terre Haute ■& S'eastern
Ry—
1st
'
-
55%
Pacific Ry—
Orleans 5s
111
103% 104:;
70%
.
Apr
Gen mtge cony. 4 Vis sgr A-AJan 2019;
New
104
Apr
V 1st mtge 4s series A—+w—-,-^>.1994
Chicago St L &
1
65
52% Y$3%v
j-j
Chicago & North Western Ry—
2nd mtge conv inc 4 Vis—Jan 11999
1st
;
>71%
*92 % : 98%
•j-.'
Chicago Rock Island
.21
77%
65,
J-J
B-______Jan 1 2044
ser
91
34,
84 V4
v
*65
J-J
Chic Milw St Paul & Pac RR—
; 1st mitge 4s ser -A——
_»1994
;> Gen, mtge 4Vis inc ser A__Jan 12019
inc
119
84
J-J -rj
1983
A2d mtge 4 %s inc ser A-^.Jan 2003
Chicago Ind & Sou 50-year 4s
.1956
conv
12
77
Friday'a.
V io9%;4.ii •
93
100%
48%.
*
119
84
or
Bid A Asked
>
pnlov DiV 1st fntgq 3 VaS—
10
Week's Range
Laat
> Sale Price
■.••■■?■•
76%
Af-N
,
4Vis
■
110%
.•
J-J
Co—
Railroad
1st
5
98Va
46
76V4
'
Chicago Ind & Louisville Ry—
• A 1st mtge 4s inc ser A.
Jan
»
98
46
,
»,
117%
109%
*100 V4 100%
J-J
104%
115
112'..bl lS ,V
.
..
F-A
1997
5s
Chicago & Erie 1st gold 5S-—i
.1982
Chicago Gt West 1st 4s series A___1988
AGen
j l2
F- A
100;
'
Tor| Stock ^xebange^;.
ZV*Gen mtge inc 4%s ser.A—Jan 2018
1
1964
1st cons mtge 3%s ser E
101,% 106'
-
Period
Low
v
17
Intereet
•;•■•'
bonds
High
130%
RR—
mtge ino conv
1st mtge 3%s ser B
"
'
:
NTew
121
94
110'/a 116%
F- A
1970
Eastern
AGen
r
:
'
U17V4 118
I.
•
100%
Chicago Burlington & Quincy RR—
v
Low
30
101Va 102
1989
4s
>y
Janqary 1
rN<K-[
High
1996
Ref & impt M 3%s series E
Range Sine#
Sold
Erile
v.
M-S
>
Bond*
'
)■
'>>■>;>■
30-
Week's Range
'
Interest
Exchange
(465)
RECORD
.FpR .WEEK ENDED JULY
Friday
CHRONICLE
F-A
*100
F-A
*93%. 100
F-A
F-A
J-J
92%
70
69 %
.
74 v&
.
>V 75
w
J
RANGE
Friday
BONDS
Period
or
Bale Price
-
Jf-N
4s
A Lombard
;
Guaranteed
ref
gold 4s
Louisville Gas
73%
74
A-0
*106
jf-a
A-0
'
108%
F-l
1966
4s
111%
107
lien
tt*
100 Ve
100 %
102
103% 109
108%
110 V4
101 % 101%
101
108 ye
Ref
y
q-j
Q -r
Q-A
129
2047
j-j
88
2047
2047
M-S
108
104% 105
j-J
1975
109% 116
64%
impt 5s series D
4%s
trust
Northern States
MS
*105% 107
&
Coll
(Minn)
103
x
89 y4
96
1
96%
„
103
61%
;-"£)v bU %
X>
32
97
68
65%
94%
87y4
XXX 3
97
96
V,ii
.
26
5
,
63%* ,63%
V 87%
107%
'
65%
>
99
38
103
64 V4
108
101%
X
j-j
96
100
92
92%
ref
M
3%s
series
P
2003
A-0
1st
&
ref
M
2%s
series G
2003
A-0
1980
jf-a
1955
Jf-M
1972
M-ir
99
101%
1960
j -D
67
74%
1st mtge & con 4s ser B
1954
Manati Sugar 4s sink fund—Feb 11957
A Manila RR
(Southern Lines) 4s
1959
J-D
94%
98
Oklahoma Gas
Oregon-Washington BR 3s
May Dept Stores 2%s debs
J-J
*__
j-d
100% 100%
95%
96%
~8
96 y4
>
82 %
84
94
94 %
92 Mi
108 % 108%
108%
99
99
95 y8
95%
101%
•-
89%
94%
♦_*
104%
97 % f
98%
1974
1975
1977
(Wise) 1st mtge 2%s
&
95
100%
99%
9
60 X
104% 104%
104%
Power Co—
mtge 2%s
1st
1st
Loub Div 2d gold 3s
Ati Knox & Cine Div 4s
127
*107/128
—
—1997
1st mtge 2%s
St
"80V4
49
13
102%
105%
■
102%
100% 100 %
y
109%
60
104%
.2047
High
106%
80Vi
79
q-j
registered
Ref & impt 4%s series A
Ref & impt 5s series C
Low
v: /:! x
♦us
m-s
Jan 1 2047
3s^
no.
.•127% 127%
79
127%
—1997
3s
101
a-o
1974
registered.
General
r:34
997/a
100% 100%
108%
M-S
1978
Sb Elec 3MiS
«QQ7/r
series A
Northern Pacific Railway—
Prior lien 4s
121%
107
108
& ref*4'/2s
Gen
-
78
67
18
jf-a
m-s
mtge 5s conv inc.
Range Slnee
•xX January 1
Bold
High
107% 107%
A-0
AGen
40
36% v47
108% 109%
11-V
.2014
Norfolk & Western Ry 1st gold 4S.1996
Northern Central gen & ref 5s
1974
42%
121
Jf-S
1st & ref mtge 3s—
Louisville; A Nashville RR—
V
A-0
A-O
Falls
x
Bid A Asked
M-S
Power 3%t_
Norfolk Southern Ry Co—
38%
30
29%
J-2J
debentures
3s
26%
;
47
1949
1949
1951
.
(P) Co deb 5s
42%:
45
1949
4s stamped
37
40% ;
♦37% "63
Jf-N
1952
A
series
7s
Long Island unified 4s
Lorillard
Jf-N
1963
Electric
37
:
Jf-N
,—2003
—2003
;XX 5s stamped modified
2003
Lehigh Valley Terminal Ry ext 5s_1951
Lexington & Eastern Ry 1st 5s
1965
Liggett <fe Myers Tobacco 5s
1951
Little Miami gen 4s series A
1962
—
Period M Bale Pries
Low
39%
27
39%
Week's Baagu
er Friday's
>W
Bxehange
Sigh
Low
No.
High
37%
Jf-N
Si; 4%s stamped modified--,
4%s registered
Friday *
New York Stack
Niagara
2003
registered __________——2003■
30
o N D I;
Range Slnee
Sdd:;;'' January 1 ::pi'
1
.
,
RECORD
JULY
Bonds
Friday's
Bid A Asked
Low
Lehigh Valley RR—
4s stamped modified
WEEK ENDED
FOR
Monday, August 2, 1948
Week's Bange
Last
-X^XX
Stock Exchange
York
BOND
YORK
NEW
New
"FINANCIAL CHRONICLE
A
COMMERCIAL
THE
(466)
30
:
96%
X'
•
^
,
:
:X'X
:.
96%
111
JOgdensburg & Lake Champlaln Ry—
X
Macy
(R H)
Maine
& Co 2%s debs
Central
RR 4%s
A
ser
M-N
1972
Mead Corp
1st mtge 3s
1966
Metropolitan Edison 1st mtge 2%s_1974
| Metrop Wat Sew A Drain 5%s
1950
Michigan Central-
1st
3%s
mtge
AMidland of N J
1st ext
j-j
jf-a
♦__
Jf-S
>102%
♦51%
mtge 4%s inc
A
103%
96
100%
; Missouri-Kansas-Texas RR—
Prior lien 5s series A
95%
&
Electric Co—
♦106
102
,
58%
103%
99%
103
99% 100
99%
103
96%
96%
94 %
98
1980
98%
98%
97
99%
1985
93
93%
91%
2%s
debentures
1986
♦__
debentures
1987
100
101 %
1978
102% 103%
3%s debentures
Paducah & HI
1st s
f gold 4%s—1955
♦104%
*101%
J«J
Pennsylvania-Central
Prior lien
1978
J-J
A 1st
&
ref
Moh'k & Malone
(John)
1st gtd
Morris
&
&
Essex
Constr M 5s
Co
1st
102%
71%
89
Pennsylvania
1960
30 V*
50%
Jf-S
71%
89 %
Pennsylvania Power & Light Co—
1st mtge a*
lain
M-N
72
88%
1978
1949
Jf-N
18%
71%
89
r-A
1991
M-S
1966
r-A
Glass
Sand
•
3s
f
s
debentures
;■-i -X' ;X
97%
1965
:
101%
100%
71%
61 y*
101%
Pennsylvania Rk—
.
89
Cons
68 :
General
4y2s
General
5s
4%s series
.
104
sinking, fund
101% 101%
2000
j-d
54%
60%
1955
M-N
68%
83%
M-N
64%
75
Gen
1986
Jf-N
88%
93%
102
A-0
.—1978
94
103%
99%
97 Mi
100%
88
88»/4
78%
65%
65%
5914
68
A
A Eastern
A Income
104 %
103%
99%
19
19
14%
25%
5Vis.
3%s ser D.
104
104
.
3y«s series P
mtge
Peoria
94
101% 102
Gen mtge 4Mis series «
Conv. ; deb < 3 %s.
1955
gtd 3'/2s
104%
110% 111
General
series A
107%
111%
99%
105 y4 106%
A
B
99%. 102%
Constr M 4V2s series B
p" Mountain States Tel & Tel 2%s
112 >117!
115% 115%
4%s
series
series
M-N
..1958
debentures
3%s
30%
A-O
1981
debs
103%
98%
—1980
gold 4s
3s
49
106%
103 Ya
jf-a
i;
8%s
35%
1952
r-A
Monongahela Ry 3%s series B
Morrell
1960
Co—
Gtd 4s series E trust ctfs
1975
A 1st, & ref 5s series G
AConv gold 5%s ser A
A 1st & ref
gold 5s series H
A 1st & ref 5s series I
,
Airlines—
inc debs
conv
Pennsylvania
104
1965
„
A 1st & ref 5s series F.
;
3%s
A-0
106%
104
ioi%: 102%
1977
5s series A
AGeneral 4s
•<
102 %
~
1962
100
—
Paterson & Passaic G & e cons 58.1949
_
96%
98%
104%
94%
95%
3y8s
i
J-J
4%s series D
104 %
99% 101
—1962
A Cum
adjust 5s series A—Jan 1967
IMissouri Pacific RR Co—
104
100
99%
40-year 4s series B
.
100%
103
99% 101
1st Sb ref 2%s series Q
Pacific Tel & Tel 2%s debs
99% 100%
j-j
108%
106
V.-
101% 102
K
1st Sb ref 3s series M_..«___...1979
1st & ref 3s series n
1977
1st Sb ret 2%s series p
iq«i
j-d
1990
95
103% 103%
1st & ref 3s series L~~_-._~_..1974
106%
96
—
Gas
1st & ref 38 series
j-j
Jan 1971
Jan 1991
ser
87%
Marie—
AGen mtge 4s inc ser A
Mo Kansas & Texas 1st 4s
103%
1960
1st Sb ref 3%s series >
1st & ref 3s series j
102%
.80
87%
105'/a 105%
A-0
1st
99
87 Vs
A-0
& Sault Ste
—
jf-a
1967
Paul
95
95%
-1
1973
aer A
100% 100%
101
Pacific
1940
St
A Electric 2%s
,
■
,
101
100% 100%
♦102%
5s
Minn
...
1975
98% 100%
♦99% 101
♦100%
Minnesota Mining & Mfg 2%s
'X
98
99%
Jf-N
1969
1974
98%
94%
96%
lf-S
Michigan Cons Gas 1st mtge 3y2s_1969
1st mtge 2%s
1969
mtge 3s
mtge 2%s
70
A-0
1951
1st gold S%s———1952
:
Ref & impt 4y2s series C
1979
1st
13%; 13%
1948
guaranteed 4s
Edison
1st
91%
70
Jf-N
Jack Lans & Sag 3%s
■
84%
Jf-N
A 1st
Ohio
4s
est
4s
Peoria A Pekin Union Ry
Pere Marquette Ry
98
89%
106
103
103%
98
99%
Phlla Bait Sb Wash RR CoNashville
:
General
Chattanooga & St Louis—
1st mtge 3s ser B
1986
National Dairy Products 2%s debs_1970
3s debentures
1970
National Steel Corp 1st mtge 3s
National Supply 2%s debs
3s
102%
New
97
%
♦100%
gtd 1st 4s
1st
102%
100% 100%
~9
100%
99%
2
99%
,104% 104%
3
1974
118%
99%
1983
..1952
102% 103
14
94
3
94...
deposit
102
—-
ACertificates of deposit
5%s series A
'
93%
78%
50
96
66 y4
130
--
71%
142
66%
70
78%
58
74%
84
J-j
86
86%
89
79%
j-j
r-A
80
80
76
65 %
66
26
62
69%
1998
62%
;
6
62
mtge 3s
ser
r-A
62%
r-A
64
64
5
60
68
r-A
60%
60%
2
57%
64
j-d
"96%
96%
4
91
97%
..1986
ser
B
A-0
1975
A-O
89%
f-A
99% 100
gold 3%s
81%
1
89%
'
82%
18
91
90%
96% 101
'
2000
j-J
2043
____
Jf-N
2043
trust
25
89
;
'
j-j
99Va 100
Jf-N
76%
Y Lack & West 4s
series A
1973
4%s series B—...^1973
IN Y New Haven & Hartford RR—
§ ACollateral
89
'
N
6s
..1940
1st &
ref mtge 4s ser A
_2007
AGen mtge conv inc 4'/2s ser A-2022
t A Harlem River & Port Chester—
1st 4s
1954
tAN Y Onti & West ref As_..._ June 1992
AGeneral 4s
1955
♦102
■h
-
100
100
Jf-N
'.-i:
'
77
♦99% 103
3
98
106%
102
110%- 113
—
108% 109%
1975
*io8y2
1975
36
109
111
103
110 %
103
1964
1970
110%
*107% no
series K
Plttsb Coke Sb Chem
—
84%
•101
1st mtge 3%s.l964
debentures
—
88%
101
103 y4
mtge
4J/4s
1958
Sb West Virginia Ry—
4%s series A
103% 103%
1
102%
103%
102
103%
1965
Steel 1st
4%s series B
1st mtge 4%s series
6
100 %
103%
102%
2
97
100
'4.
70%
inc deb
Potomac Elec
1st mtge
76%
!:
83
93
65%
69%
74
237
60 %
49
506
31
105
101%
X106%
--
00
10
60
105%
103
1972
2037 %
——2037
108%
:105%
142
145
210
215
i
75%
47
_5
•
83%
j-j
May
1st Sb ret mtge 5s
117
99%
1964
1st & ref mtge 8s
90
116
3y«s_1966
mtge 3s
89%
79%
—
Public Service Elec Sb Gas 3%s—..1968
1st & ref
81%
18
85
82%
Pwr
90
"i
—I960
•1st mortgage 3%sJ^^~L--^--1977
1st mortgage 3s
1983
f AProvidence Terminal 4s
1958
77
A-0
79%
1958
1958
Pitts Youngstown Sb Ashtabula Ry—
1
1st gen 5s series B_„
1962
1st gen 5s series C
1974
1st gen 4%s series D__
1977
100
—
si y8
7
Quaker Oats 2%s deb—
Jf-N
101% 101%
M-S
9%
J-D
■5
9%
.
.
98%
7%
98% !100%
101%
13 ye
5%
7%:
N Y Power & Light 1st mtge 2%s__1975
jf-a
♦94%
96%
95%
98%
N Y & Putnam
a-0
66%
66%
60%
68%
1st
gtd 4s__—1993
f N Y State Elec & Gas 2%s
—*1977
X N Y Steam Corp 1st 3V2s
1
1963
cons
j-j
*__
j-j
:
97
106% 106%
97
105
97
107%
IN Y Susquehanna & Western RR—
fist refunding 5s^—_...1937
I A2d gold 4%s
—
—.1937
r-A
§ A General gold 5s
__1940
r-A
—1943
Jf-N
£
{ATerminal 1st gold 5s.
3 N Y Telephone 2%s ser D_
Ref mtge 3ysS ser E
*
101% 103
mtge 5s series A
Gen mtge 5s series B
APittston Co 5%s
—1980
1951
Mtge 4s series B—
65%
Louis—
...
gold 4s
Harlem
XX5-':
1998
F____
N Y Connecting RR 2%s
1st
.
1998
coll gold 3%s
registered
York Chicago & St
Ref mtge 3%s ser E
.
97
82%
1998
.1997
coll
Mtge 4s series A
;
94%
2
1963
Gen
88%
N Y Dock
;
102
1960
Cons gtd 4%8 series J
Pgh Cine Chic & St Louis RR—
3%s
70
New
>
H
4%s series I
Pittsburgh
Pittsburgh
1st mtge
1st mtge
77%
3%s
>
11%
100%
1953
96%
A-0
Mich Cent
'NY &
series
13%
8%
10
1940
70%
A-0
gold 3%s
3%s registered
.
4s
99%
101%
10%
...1957
63
2013
Lake Shore
1st
gtd
97%
■
Pittsburgh Consolidation Coal—
2013
C
3%s registered
-
gtd 3%s series E
gtd 4s series F
97
7
1978
84%
—
65
P-A
97%
85
impt 5s series
& Hudson River RR—
General mtge 3%s
1997
t
27/es
gtd 4s series G....^.
Cons gtd
92%
—
N Y Central
f
ref
102
97% 100
6
Cons
90%
impt 4%s series A
Ref &
&
100%
98%
3-1
7
Cons
94%
92
98
1967
2%s.
Cons
80%
115
118
105
110
104% 108%
ion
2%s
ref
1st s f 4s
1037
ACertincate8
of
deposit
Phillips Petroleum 2%s debs
1964
Pittsburg Bessemer & L Erie 2%s__ 1990
Pgh Cine Chic Sb St Louis Ry—
104
81
84%
—■
__1998
2%s
ref
Cons
80
—
95%
•
'
ref
&
&
1st
102% 107%
100%
&
Gen mtge 3%s
♦88%
1954
ACertificates of deposit
New York Central RR Co—
«
93
ACertificates of deposit
A 1st 4%s series
D———L1956
A 1st
\
95
*93
—.+..1956
....
102%
23
1961
HA Philippine Ry
RR—
.
1977
;f 1st & ret 2%s._.
105 y2
99% 102
2
1974
1st
99
102%
115%
B
1st
105
101
100%
—
99% 100%
gtd 4s
1953
tNew Orleans Texas & Mexico
Ry—
A 1st 5s series
B_
.1954
&
102%
.1986
New Orleans Great Nor 5s A
New Orleans & Northeastern
Ret & Imp 4%s series A.
New Orleans Term 1st
Ref
100%
*102% 103
*116% 117
1961
Jersey Power & Light 3s
Cons 4s series A
100%
series
5s
General gold 4y2s series C
Philadelphia Co coll tr 4y«s
Philadelphia Electric Co—
'
1982
A Certificates
of
A 1st 5s series C___
91%
97
97%
97%
*100%; 102
1952
debentures
RR
97%
102
103 % 104
1948
'
N J Junction
98%
102% 102%
1954
Gas cons 5s
New England Tel & Tel 5s A
1st gtd 4'/as series B
'
96%
102%
1965
Newark Consol
84 Mi
90
103 %
1967
ANaugatuck RR 1st gold 4s
w
90
;
For footnotes
see
.1982
....—!.s_1978
page
31.
V
j-j
j-j
r-A
46
32
52%
38
22%
46
30
40
22%
22%
12%
29
7L'
73%
78%
95%
93%
98%
*76%
95%
103%
95%
103% 103%
103%
105
Reading Co 1st A ret 3%s ser D_1995
Jf-N
Revere Copper & Brass 3%s
Rochester Gas & Elec Corp—
Gen mtge 4%s series D
1960
Jf-M
1977
1967
1967
Gen mtge 3y4s series J
1960
fARut-Canadian 4s stamped
1949
tIARutland RR 4%s stamped1941
90%
83%X93%'
91
M-S
Gen
X
mtge 3%s series H
Gen mtge 3%s series I_
*102% 103 %
101
il02%
;
107 V4
M-S
108
107%
107%
M-S
M-S
J-J
>*9%
10
J-J
10%
11
104
104% 104%
j
v.
,
i
7 Va
7y<
106
*
11
12%
THE
Number 4721
Volume 168 *
COMMERCIAL • '& FINANCIAL CHRONICLE
•
NEW
YORK
RANGE
Friday
Interest
H bonds
.Ne^^tOrk^'Stock^Eaeliaafe
Last
or
Sale Price
,
t
BOND
WEEK
RECORD
ENDED
JULY
'
•
Friday's
Low
^
Bonds. / Range Since
Sold /..? January 1
Bid 4 Asked
High,
Ho,
Low
/BONDS
New
-1971
96 Vi
Bt L Rocky Mt A P 5s stamped-:—1955;
Bt Louis-San Francisco Ry Co—
'
1st mtge 4s series A
A2nd mtge lnc 4Vis ser A.—Jan
/
79 Vi
81
'99*
U S
Pacific
'
Friday's
Low
Bonds
Sold
■!
High
Range Since
January 1,
'
High
Low
Ho,
RR—
debentures
Rubber 2%s
debs
Universal Pictures 3%s debs_
Vandalia RR
1990
Cons s
St Paul A Duluth 1st cons gold 4S-1968
f
1st A
ref mtge
1st & ref
Air Line RK Co—
1st mtge 4s series A
3 Ves
1996
Jan 2016
98%
61 Va
72 Vi
1966
AGen mtge 4%s series A
92 Vi
97
(Jos E) A Sons 2Vis
Shell Union Oil 2%s debs
1971
102 Va
92 >/a
f § ASilesian-Amer Corp coll tr 78—1941
6kelly OU 2Vis debs
1965
Socony-Vacuum Oil 2 Vis
South A Nor Ala RR gtd 5s
g 4s series A
1955
96%
94 Vi
1978
♦101Vi
110
♦100
100 Vi
103
107%
111%
2003
99'/a
102
—
1963
112 Vi
99 Va
100 A
104 Vi
*107
109
I*""*
Virginian Ry 3s series B
99V4
99%
94'/a
101%
1995
•
97Vi
98
96 Vi
100 Va
56 Vi
97%
*
105%
1975
1st gtd 5s
58—.
cons
105
105%
1st gold 5s—1949
Iron Coal A Coke
Va A Southwest
1st
28 Vi
1976
1963
Va
2Vis series B
debentures
conv
105
1957
■
mtge 3s series F
'
Beagram
cons
4s series B
Virginia Electric A Power Co—
1971
1989
Dept 3 Vis B
Scioto V A N E 1st gtd 4s
Beaboard
or
Bid & Asked
2%s debentures
99 Vi
Nov 1989
gold 5s series A
Paul Union
Week's Rang*
'
1989
2d 4s inc bond ctfs
St
Last
»•
iPeriod ii' Sale Price
1997
2022
St Louis-Southwestern Ry—
1st 4s bond certificates
Gen A ret
Friday
Interest
•r-ycr.i
•
Exchange
Ref mtge 2Vis series C
United Biscuit 23/»s debs
100 Vi
70
75%
1996
Hi gold 68
Stock
1
27as
Bt Lawr A Adir 1st gold 5s—_—1990
York
High
Union
Baguenay Power 3s series A
30
Week's Range
,
Period
FOR
101%
91%
96
123 Va 124
Southern Bell Tel A Tel Co—
debentures
3s
1979
98 Va
.Wabash RR Co
102'/a
91 %
96Vi
2Vis
debentures
1985
2Vis
debentures
1987
95 Va
1994
78%
Gen
99%
Southern Indiana Ry 2Vis
84%
Southern Pacific Co—
>
.
1st 4Vis (Oregon Lines)
Gold 4 Vis
1977
Gold 4%s
84 Vi
87
1986
87
82%
1996
80
8274
*92%
1994
118
93%
112
97
Devel & gen 6s series A
Devel A gen 6Vis series A
1956
108% 108' %
1956
111% 113
Memphis Div 1st gold 5s
1996
St Louis Div
Southwestern
1st gold 4s
Tel 2V4s
*104
110
109
1983
102%
93%
1053/8
ASpokane Internat 1st gold 4Vis__2013
*54V4
57
46%
Standard
1013/4 102
100%
Calif
(N J)
2Vis debs
1966
deb 2%s
1971
93%
Bunray Oil Corp 2%s debs
1966
1972
94
97
92 Va
97
66%
2Vis debentures
1973
-
109
100 Va
100 Va
Maryland 1st mtge 4s
673/s
68%
64 Va
65%
57%
Ref A
imp 27as series D
—1985
3
97 Va
1st A
1'
Orleans
49
103%
100%
100% 101
95
1013V
100 %
100'/a 100 3/4
88%
102
1960
91%
92
106
3%s series B
ref M
Texas A
Pacific
ref M
Gen A
*„
1970
1990
iqti
97%
1973
1st gold 5s
37aS series E
99 3/4
—
19
2000
127%
127% 127%
1985
997a
101%
99% 100'/a
A Certificates of
92% 100%
;
*98%
987a
........
3s...
'
93% 100%
100%
99
94
98%
1017a
102% 1023/4
103%
.111'A 112%,
64
75%
70
73
19%
/%■---
deposit..
43
"
A
08%
127%/
.121 Va
•
55
101
102% 103%
—
Certificates of deposit
Wisconsin Electric' Power 2%s
Wisconsin Public Service 3%s
,89
5
,
99 Vi
100 Vi
100.% 101
*102
94%
99%
97
97%
8 ASu & Du div A term 1st is.
93%
93%
803/4
92 Va
100% 1007a
1951
,
^Wisconsin Central Ry—
SAlst general 4s_
RR—
1st A ref M 37es series C
103Vi
Gen & ref M 2Vis series A
101
1965
Texas Corp 3s deb
Texas A New
99%
101 %
1950
Wheeling A Lake Erie RR 4s
114% 116%
,
67%
1013/4
101
1951
1st mtge .3%s series D
7
69%
97
102% 102%
1952
Jan 2014
Wilson A Co 1st mortgage
Winston-Salem S B 1st 4s
2019
55%
59
Wheeling Steel 3%s series C
I Terminal RR Assn of Bt Louis—
Ref A imp M 4s series C
107%
23B1
2.65s conv debentures
100
103
23A1
2%8 debentures
96 Va
97
100 3/8 100 %
107%
106%
—
98%
*98
Swift A Co 2Vis debs
109
105Vi
30-year 5s
Westinghouse El A Mfg 2Vis
1027a
Oil of
107%
106% 1067a
10774 108 Va
3%s series I
25-year gold 5s
57 Va
Standard Oil
*1073/4 108%
1966
Power
Western Union Telegraph CoFunding & real estate «4V4s
97%
103 Va
94%
1950
iQfii
witgft
Western Pacific 4Vis inc A
104%
95%
*102% 103%
debs—1985
101
Western
113%
103%
1027a 103%
1951
Bell
3Vis debentures
47%
99 Vi
West Shore 1st 4s guaranteed
Registered
108'/a
109
97%
*54%
West Penn
98
105
99%
85
1053/a 106
Gen
94%
120
91%
85
94%
*99 3/i 101%
Westchester Ltg 5s stpd gtd
84%
90
118%
95%
1956
89%
76%
'
1961
Southern Ry 1st cons gold 5s
Devel A gen 4s series A—
G A W 2Vis debs_1986
Warren RR 1st ref gtd gold 3%S—2000
Washington Terminal 2%s ser A
1970
102
,
1st mtge 2Vis series E
l6t mtge 2Vis series F
1st mtge 2Vis series G
(Hiram)
83%
100
conv debentures 3%s_1976
Ward Baking Co—
5 Vis debs (subordinated)
1970
95%
100
74
75%
90%
Walworth Co
98
mtg 3Vis ser A.197S
Pacific RR Co—
Walker
104
87Vi
1981
San Fr Term 1st
Southern
92%
1QAQ
Jan 1981
mtge inc 4 Vis series B_Jan 1991
1st mtge 3Vis series B
1Q71
■
A
mtge 4s inc series A
Gen
1013A
,94%
Texas Pacific-Missouri PacificTerm
RR
of
New
Third Ave Ry
A
AdJ
*10074 101%
Orleans 3%s—1974
80%
82%
16
58%
61%
187
Tol & Ohio Cent ref A impt 3748—1960
Trenton
99.fr; 101?%:?
1960
Jan 1960
1st ref 4s
Income 5s
Gas A Elec
99 3/i 100
*101%
1st gold 5s—1949
Tri-Contlnental Corp 2%s debs
9774
1961
V
,
...
973/4
647/a
^
Yonkers Elec Lt A Power 2%s
97% 100%
101% 101%
?
7
85r
42%
20
__
ffl%3
'
95
a
97%
Deferred
included in
not
1976
delivery sale not included in the year's range,
d Ex-interest,
the year's range,
n Under-the-rule sale not included in the year's
the year's range,
y Ex-coupon.
e
Odd-lot
range,
r
sale not
Cash sale
included in
SNegotiability impaired by maturity.
Union Electric Co of Mo 3%e_
1st mtge
3s
*107
2V4s
107
97
96
101
debentures
Union Oil of Calif 3s deb
108
97
A coll trust 2%s—
101
99 Va
100
101
1023/4 1027a
debentures
♦Friday's bid and asked prices; ho sales being transacted during current week.
ABonds selling flat.
'Tl\
101
101
99 Va
tCompanies reported as being in bankruptcy, receivership, or reorganized under Section 77 of
the Bankruptcy Act, or securities assumed by such companies.
109%
1037*
98 V,
101
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
in
footnote
a
and
in the
AND
YEARLY
RECORD
deferred
week in
delivery sales are disregarded in the week's range unless they are the only transactions of the
week, and when selling outside the regular weekly range are shown
which they .occur.
No account is taken of such sales in computing the range for the
year..
In the following extensive list we furnish a complete record of the
transactions on the New York Curb Exchange for the week beginning on Saturday,
July 24, and ending the current Friday, July 30. It is compiled from daily reports of the Curb
Exchange itself, and is intended to include every security
whether stock or bond, in which any dealings have occurred
during the current year.
•'
//'■./.
'■
.■
.-v.-y
.
/■.•■■■ /■'//./ v;
-r:
-
: /
;
RANGE
Friday
8TOCKS—
New
York
Curb
/
Acme Aluminum
Acme Wire Co
Alloys
Low
common
High
Low
2
33 ': 34%
5%
55/8
5%
23/a
Mfg
Air Associates
23/a
70
High
,
31%
3% May
American Bantam Oar«
578 Mar
American
Beverage
American
Book
Jan
35
Mar
47a Mar
7%
1%
3Va Mat
Jan
Apr
1
Air; Investors
133/4
—
(N J)
..67a-
--
common
.J.
14%
200
67e
100
—
XU% Mar
..
.
•s
Convertible
preferred
iAireonsMfg Corp
M;
_.
common
%
—
60c convertible preferred-.
/ Air-Way
Electric Appliance
..
1%
1
A
1,600
%
Jun
1%
500
%
Jun
100
5%
Apr
3%
'
7%
7%
Feb
Great
Southern
97%
97%
10--.
79
Feb
Power
$2
90
90
90
75
87
Jan
Alaska; Airlines
Alles &
Fisher
Inc
—
33/4
3%
Aluminum
—
23/4
...
of
17%
common.
17%
18%
59
5874
61%
92%
933/4
550
2374 24V4
10./U'-IO-:
200
550
cumulative preferred
Aluminum Goods Mfg
Aluminum Ltd
common
For footnotes
see
92%
233/4
common
page 35.
10-
j.
49
•
*
>
■
Mar
Maf
17%
98
May /
' • r';
56':'?'jun':-
A
Chem
class A.
Class ' B
American
1
Jan
American
v.-
Potash
Amer
'
$6
Republics
Seal-Kap
common
Superpower Corp
series preferred
..
18
17
:
300
'?
5,600
__
15 Va
15 Vs
16
5Vr
—2
2474
5%
243/4
25
1,400
17,000
500
43%
437a
44
200
w.*
■:
225
31 Va
31
.
400
—1
Products Co
American Meter Co
Jan
Jun
;
25
200,■ Feb
./■-•49::M51;/>^/^i^W)OMtff3s!>'
31
175
5,700
-3Va
34
__
_
_25
com
/
4,600.'
39
38
,_25
American
22
69
22
2Va
American
Feb
38% 39%:
111 '111%
32Va
5%
"
,
High
.
2% May
;
1% July ;$ %!?<. 2% Jan
76% July '/•■/>;:90
Jan
^
350i
2V4
_20
-
18
337a
,.25
Mar
92Va July
—.
H
173/4
__1
__1
'
200
25
1—
preferred...
Metal
38%
•
7
.100
American Mfg Co common
American Maiacaibo Co
60
-
.10
40
-n-.
67a
6%
__
37a May
22% Apr
Apr
Apr
17%Mar
4,400
Rubber Co_.
American Light & Trac common—
6%
'
100-111
;
American Laundry Mach
47a May
7
May
14
America
Industries
Jan : :
3%
—
common
Co
$3.75
Aluminum
200
6
Iftternat Investing Corp
Allied Products (Mich) common
Altorfer Bros
33/4
common
com
convertible
American Hard
93 Va Mar
...
pfd
Electric
preferred
—1
common
preferred
$2.50 convertible preferred
101% May
4.20%
0 Allied
,;
43A%
Hoe
—.
—
79%!
79
Light—
American General Corp common—.
8% May
97%
Alabama
:*
American Gas &
Jan
Alabama
ZZ
.
A
-
Low
'
„
1% Mar
4,600
2%
2%
4$$
,
Range Sines January 1
Shares
High
—
'
/
'
Sales
for Week
of Prices
2-
1
loo
Power
cias« B———
33/4 May
38
Juri
l3/4 Jan
Apr
...
Co
American Cities
Jun
9%
6%Mar
3
Feb
36
—
1474
i-t
common
/'{':■!/■//
■
...
...
Low
Far
July
500
•
Week's
Bangs
Last
Sals rriee
Mar
300
"
*
.
,'
American Fork A
common
Inc
30
New York Curb Exchange
Agnew Surpass Shoe Stores
Ainsworth
' ' "
v
r
JULY
Friday
'
2%
;
ENDED
Range Since January!
' 3%
33
Adam Hat Stores Inc^..—
/.
STOCKS—
Shares
..
| Aero iSupply Mfg__
,
WEEK
for Week
i.. /
..
/;■
FOR
Sales
Range
of Price#
/
ACF-Brill Motors warrants.^—...
;
Week's
Last
Sale Price
Exchange
./■ /,
/'/
:■
-V■; /■•,.f/'*;
.
,
1'
T-i
5% Mar
16% Mar
4 %«
.'V-V'
7% Jun
197a May
:
•
Feb."' 40V4;j\ily
109
" Apr
113% May
1% Feb
3% May
31.
32% July
36% July
16
29
Jan
43% Jan
40
-
217a Jun
32 Va Jan
Feb
Mar
i 15 Va Feb
30V4 July
147a Feb
3 ' Feb
17% Feb
38
Mar
19
May
32Va Jan
18
7
'
Jun
Jun
26% Jun
V51
■? Jan
RANGE
Week's
Friday
STOCKS—
New Ye»k Curb
;
Exchange
1" 1 'K' •-"z '■ 1
Thread
American
l
Low
6
preferred
Paper common..
6%
1
—1
—
4%
200
{
6%
UQQ;,
6
:•>'■
16%:I
6'A July
7%
7%
7%
11,1': 6
1,800
1 40Q
,9
.
Jan
.
•
: 8%
;
16%
225
3Va
900
11%
15%
3
600
3
11%
11%
101
102 V4
3
Inc.
6%
6% -preferred.
4%
r
98 V4
Apr
Clayton 8i Lambert
108% May
Jan
Light $7 pfd
4Va
1,100
4%
Feb
8,000
4%
Feb
4%
10%
1,100
,
10% May
800
10%
'
113% 115
Feb
112
20
11%
11%
12%
1,200
—1
18%
18%
19 Va
5,300
8%
Colorado Fuel A Iron
%
'■■ %
Feb
675
6%
Feb
•
1
3%
3%
3%
Jan
Community
12 Va July
61%
61%
61%
25
Atlas
5%
5%
5%
Atlas
27%
27%
28%
Corp warrants
1
Plywood Corp
Automatic Steel; Products Inc
1:
•
Automatic Voting Machine
Avery (B F) & Sons common—;— "Z5
1
—
4%
Jan
6%
Feb
.
300
100
..
500
15%
May
6%
Apr
9%
Apr
16% July
26
1
July
27
'
Feb
Jun
59%
61%
38
36
1,800
45
Feb
61%
200
59 %
34
Jan
38
38
Jun
Locomotive—
Baldwin
1%
»
80.
Banco de los
1
common——
19%
200
9%
14
Jan
11
Mar'
9
Jan
—
(L)
Si Co common—
Beau-Brummel Ties
Beck
Blauner's
Inc
14% Mar
2%
100
1% Jan
3%
125% Mar
149%
10%
Jan
22
Apr
34
J
16% Mar
Corp common
Co
3
—
Xl3
I
-
Xl3
3%
14
3%
3%
1.4,500
2%
*
common—
125
23
>
-
128
16 y8
171/4
2,200
8y4
700
16%
8)
8
\
•
'•
13%
■
■
I
•
13%
13%
22
^800<
Class A
20%
22%
15% Mar
1,200
tl.
Amer dep rets ord
reg
Ltd—
11
__
gt
—10a
—
Bruce
(E L)
1%
500
common
f 12 %
25%
:
Jan
Jim
July
22% July
5%
5%
5%
20
6,000
10%
10%
900
common
2.so
Bruck Mills Ltd
Jan
..<.mm.
f 12%
Detroit Gray iron Foundry——
2%
__
"
Diana Stores
23%
Apr
Distillers Co Ltd.—
2%
,
Apr
Jun
Amer dep rets ord reg
Dobeckmun Co common
,5% July
Feb
12
25% May
26%
26%
26%
175
11%
11%
11%
""250
107/a Mar
22%
22%
23%
1,600
3,000
16
16
16
„
,
Dominion Steel A Coal class B
Jun
31
^
July
24%
Jun
Draper
Mar
17%
Jun
Driver Harris Co
11%
100
10% July
12%
Apr
Canada
Bread Co
13
%
_Z
Ltd
3% F eb
t
7%
19%
7%
19 y8
19 y4
Convertible
Class B
12%
•
voting
non-voting
Canadian. Industries Ltd—
preferred——.
100
~
Capital City Products
Carey Baxter & Kennedy Inc
Carman &Go-
'
Apr
2%
18% May
24 y4
18
Jun
Feb
12%. May
12% May
iy4
•
9
—
•
*-•
...—1
9y8
800
3%
3%
200
49
110
4%
110
'
49
• 110 I
4%
4%
■
70
Ir 9%
*1
Com
Feb
Mar
57
"
9%
9%
-
Jan
53
Jan
481
Apr
108%
Jan
3%
Apr
Casco
4%
700
«
Products Common
Castle'.(A M) & Co—i
Catalin Corp of America..—
4%
5%
.5%
5%
200
4% July
5
10
1
31
6%
6%
6%
1,400
6%
;
ley* Jan
•40
3,000
8% July
11% May
140
"4
24
24%
600
18%
12%
100
12»/4 July
2% May
3,500
5%
1,400
.
1Q0
July
c
.6
Central & South West Corp..
.5
{Central States Elec 6% preferred.. 100
7%
83
12%
15
ADr
2Va
Jan
3%
Apr
Jun
1 :Jun
16% May
29
~9%
11% May
79% May
14::,„.14%
1.1.2,500
74
74
76%
350
65
Mar
38
39
100
36
Jan
40
Jun
74% Mar
83
May
Jan
8
^an
11% July
14
—
8
'
Feb
.300.
3%
15
200
12%
Feb
'5%
6
1,000
84
150
76
75'%
325
65'A
Apr
64
Apr
3%
400
4%
4%
15
110%
Jun
Jan
Mar
•77
11
73 %
<13%
12
700
50
136
,;
5%
Jun
Esquire Ine—
Eureka Corp Ltd—
7%
Jan
Eureka Pipe Line common
—
50
14% May
9%
Feb
3%
"2%
*
14%
114.%
•
300
=<92111 Jan
14%
1%
2y8
38%
38%
"-;:•!%>
■
,7%
1%
.1%
6%
10,600
1% Feb
July
v
l\t
6%
-
'•
•
46%
)
<
16%
Feb
19% May
Falrchlld Engine A
Apr
Feb
90
Fansteel Metallurgical—
Fire Association (Phila)——
8%
84
July'
Jun
15
550
13
Feb
73
70
79%
330
54
Feb
86%
100
—„
14
10% July
21% Jun
100
preferred———
Cony pfd opt divser——
Conv pfd opt div ser 1929
Century Electric Co common
14
14
14
13
Mar
•
15<<
90
21
Jun
May
100
Cessna Aircraft Co common
12
Feb
10
10
July
21% May
14% May
3% Feb
5% Apr
1
4%
2400
7%
200
23% 36%
.14% v5
Falreblld Camera A Instrument—
Airplane.
Flshman
5c
(M HV Co—
Stores
13%
51
"
10
3
700
3%
46
11
< Jan
Charis Corp common
2.50
7%
7%
Feb
>
vT-T
16%
Class A
5
19%
19%
20
80O
19% July
25%
Jan
.10
62%
62%
63
300
54
70
Jan
18
Jan
For footnotes
see
page 35.
—4
Apr
15% Mar
13
'15%
Apr
|'58V4
Jun
<!r38%<Apr
itr1
16%
2,600
14% Mar
100
4%
'i
V18F
,
"
4
V:®
4
Ford Motor of
Amer
France—
' 5.
i Apr
"
21%
21 Va
.iy8
<1%
.9%
:
5% May
July
2.4Q0
16%
Jan
100
18%
JAh
<
23
<1:
May
24 Va Jun
(
1%
dep rets bearer
Fort) Pitt Brewing Co
20% ;
21 Va-
21%
non-votingvoting—
mm mm.mm mf! tmammmm
;v.;
;rr:iv:1.<A?%
ri:
3% May
■
.£1
Amer dep xcta ord reg.
Class B
Cherry-Burrell
common.....
Chesebrough Mfg common—...
Chicago Rivet & Mach
10% July
?
<i
;
to $1
Jan
10
I2? '
Jan
Ford Motor Co Ltd—
18%, Jan
;
•
1
Ford Motor of CanadaChamberlin Co of America—
'
*>•';!
V.uV
Jan
2
34
S,V
:' i" i M
%i):23i?rjuljr
1<<57/g.M'ay
Jan
3'A Jan
Feb
10%
10,100
51
FIrst York Corp common—
$2 dlv cum preferred
—
9%
3.600
8,900
12
Jan
3%
1;
30 % May
<<•!•!< 1%: 1•
74% Mar
Jun
<Y.'8% May
<
38% May
8% Jan
130
Jun
.2%..July
...
.
Feh
Apr
27 V2 July
-10
Feb
Jan
15
1 <
5,300
Jun
•
Z 3%
^
38
75
800
^
981
Feb
Feb
11
400
Jan
3%
2 V» Mar
30
t'i&oO.
J|m
" July
14%-May
7
,
July
95%
—1
100
16%
146
Feb
Feb
..7%
94%
Apr
Jim
.
58%
12 '
"2%
13
.
Feb
126
100
15%
ZZ-1
—1
.1'
Feb
8%
18,100
136
.5%
88
Mjay
81 Va May
.
10 V2 July
600
1,600
,
May
Jan
4% Mhy
58
,.
Feb
57%
-1
—
83
Feb
56
12%;
2%
Equity Corp common
$3 convertible preferred—
11"'
1
53%
<12% 13
•13.1/ 14%
56
"7%
——
;
57
400
83
May
88% July
2% Mar
11%
:
—1
Inc
500
"
Jun
7
Feb
Mar
125
77
71%
136
2d pfd J
3%
v
3%
Empire District Electric 5 % pfd—:. 100
—1
Empire Millwork Corp.—*
.-ft
Emsco Derrick A Equipment
,
174
i-1,
shares of beneficial Int
Electromaster
6% Jan
,
'
•
18%
22,900
Jan
16%
v
5%
74
,< v /
83
10%
It
5% May
Feb
83%
-
«
81
10%
May
12%
7% July
14%
—
82%
10%
Jun
7%
21% Mar
-—
17%
1
10Q
Jun
14
Feb
'
preferred..
Jun
28%
Feb
.
3.50%
Apr
Jun
31
<11% Jan
4 <- July
Mar
~3%
3%
Feb
35%
Jan
140
Apr
I-. 18 <1 Feb<
9
Jun
"3% July
5la Mar
9%
Feb
10%
;
32% July
1,600
29
37%
Jan
Central Maine Power Co—*
Central Ohio Steel Products.
Central Power & Light 4% pfd_.
Jan
8 /
3y4 July
200
10'/8
27
•
Option warrants...
Electrographic Corp.new common—
Apr
6
25
4%
100
.25
Electric Power A Light *!-
Jun
10
2,600
1
200
.32% ,32%
8%.
8%
32%
83%
Electric Bond A Share common.— -5
July
2% July
2s 3d
common
11% May
Jan
34
25
9%
3%
f.
3%
•
$5 pfd shares of beneficial int— —1
•
Easy Washing Machine class B
('
'
Amer dep rets JR ord
Carter (J W) Co new
35%
33%.
,
9%'.-
lOt
$6 preferred series B
Eastern Sugar Associates—
■
.
Jan
104 Vi
7% Mar
13% Mar
100
common.—
■/::■•;;
145
8% Jan
3% May
35
i
Apr
-Jun
20% May
'4% Marq
•
-1, Eastern States Corp
$7 preferred series A
May
Feb
8,300
150
10
Co
Eastern Malleable Iron
Feb
xl4% Mar
139% Jun
-.2.50
Carnation Co common
Carolina Power & Light $5 pfd
Cart-Consolidated Biscuit Co
,.
3%
9
__i
Power
4% % prior preferred
8% preferred
i
~
Marconi
Carreras Ltd^r.
Feb
20
xl4% Mar
*
3
<35-/
Apr'«
100% Mar
35%
•
Corp
East Gag A Fuel Assn
8% May
8
_
"1%
Canadian
Jan
Feb
22% May
16 y4 Apr
Canadian Industrial AlcoholClass A
4% May
3%
common......*
preferred
8%. Jun
18
550
May
3% May
■'
Jan
'
„
Mar '
-
Jun
16
j
Apr
2%
2% Mar
400
11%
6% Feb
6% Mar
100
3%
Canada Cement Qo Ltd common
•
6%% preference
..---IZIZZao
Canadian Canners Ltd
Feb
2% Mar
3
"9
9TB May
9
'
16% Mar
2,900 '»■
•
common
11%
7%
19
"i%
Dunlop Rubber Co Ltd—
Amer dep rets ord reg
£1
Durham Hosiery class B common..—*
Duro Test Corp common
1
Duval Texas Sulphur
•
3%
Jun
•
Dominion Textile Co Ltd
Duke
1
26
18%
—
25
Co Ltd
Dominion Tar A Chem
12% May
Jan
"ZZ"
Jun
1% Mar
100
2%
--
<iT_
-
Jun
lsa
"10%
5% Mar
400
1% May
I. "Ill
I5
2%
x
4% Jan
*•
5% Feb
13% Mar
3
<-:>f.11;:,•:
53%
6% Feb
600k
1
i:'..!
600
:
Jun
56% May
<
Feb
Feb
1
Apr
1 May
9%
Feb
3% July
3.100
3%
Power
6
15 "2 May
Mar
37%
200
3%
2% Mar
Electric
11%
Jan
Jan
2,300
7%v
7%'
8%
800
California
J-
2,200
1,300
3
5,400
Callite Tungsten Corp
Camden Fire Insurance.
i%
9%
8%
%
__i
% May
4%
£1
A.
2%
500
17% May
;
—
u
5%
i%
7
2%
5%
400
Jan
Feb
46
3,700
1
•
r
Mar
16
£1
2%
Jun
9% Jun
175
6%
%
—BOo
Jan
13%
4,900 "
54
6%
2%
dep rets 5% pfd
Calamba Sugar Estate
Jun
40
% May
100
12%
12 Vic
American
Jan
115%
8%
300
,
2%
Feb
2'
■"
'"
12%
-III*
Cable Electric Products common
Cables & Wireless—
30
100
7%..
—
.,
1
Burma Corp Amer
dep rets
Burry Biscuit Corp
Butler (P H) common
280
5% July
'47% July
Feb
Mar
11 %
■
600
1
Corp common
Domestic Credit Corp class
Dominion Bridge Co Ltd
May
32
17% Mar
•
150
•
100
.1,700)1
6%,
Jun
107
1% July
900
3%
18%
•
..60c
Bunker Hill & Sullivan
Burd Piston Ring Co
j
2,000
•;14%1;14'% '
•
10
Jan
27% May
7
-
29%
1
Detroit Steel Products
Feb
5% July
-t.
11% Jun
Jan
Feb
2% Mar
3,006r
:
14%
8%
Jun
'
49 ^8
£
Jan
70
;
72 %
1,200
3%
8
12%
July
•
II"
Jun
July
8%
•
2,150
100
debenture..
Derby Oil Co common—
Detroit Gasket & Manufacturing
13%' Jan
1% July
1,900
_i
Buckeye Pipe Line
<
Feb
1%
13%
ZZZlo
new
100
•
DistillersIII IIII IIII""*i
Co
1%
22% 22%
•
Junior pfd
Brown Rubber Co
1
9% May
—
.2.50
•
Devoe A Reynolds class B
Amer dep rets ord.
reg
British Columbia Power class A
Class B
cum
23
"14%
8%
I—*
British Celanese
4%
(
:
•18-
Apr
•
-
British-American Oil Co
Brown Form an
11% Mar
Feb
14 y8
British American: Tobacco—
Amer dep rets ord bearer
105%
2,500
'""4%
/Davenport Hosiery Mlllgu.^..2.80
Davidson Brothers Inc.
1
Day Mines Inc..
!
—10c
Dayton,Rubber Co class A....——35
Dejay Stores common.—
1
50c
Dennlson Mfg class A common
5
19% May
<9% Jan
—
100
90
44%
•
Tobacco common
Lighting, Inc common
Curtlw Mfg Co (Mo)—i.
Jan
24
1
—
11
20
•
114l/a May
'
3%
Jun
107% Mar
May
24%
Breeze
II
,V
51
8%
6% Feb
x62%
140
May
30
•^1 Mav
•29% July -
Jun
120
113
24
Brazilian Traction
Light & Power
Corp common.
Bridgeport Gas Light Co
Bridgeport Oil Co—
Brlllo Mfg Co common
50
Mar
July
8%.May
13% Mar
8
July
390
24
•
5
—100
Cur tlx
4% May
10% May
33% Mar
100
,
Feb
CUban
Apr
5% May
600
>*•7%" ; ff; (•;
7%
51
1 /•
25o
-*
—10
.
9% May
8y8 Mar
•
common:
—
receipts (ord reg)—«1
Crystal OH Refining common
preferred.1
Cuban Atlantic Sugar common
5% preferred..
14% July
July
38'a
■
l.r $6
Jan
18
7% July
6% Mar
400
Jmy
>7
tV Jan
3]/8
>
Crown Drug Co common
Apr
Jun
8% Mar
:
25% Mar
500
2%
14%
—
Jan
19
80 !
100
~
July
-
9Va May
-1-7 Va Feb
Feb
<
33,700
Jan
8
.
Feb
'-4%
15
I
Feb
t
Jan
17
-
31
24
3%
<'500
14%
%
19% :: 1 9.%
—
5 ^ 1; 44%
Croft Brewing Co
1
l%
Crosley MotorsThe
:—.
—* //? 9 %
Crowley. Milner A Co——" .' . 7%..
Crown Cent Petrol (Md)_—
5
.6%;
Crown.Cork Internat'l "A" partic—,
1>
July
22
Feo
29%
Jan
July
7%
6% July
5% July
•
Jun
51
Feb
3%
-1,706
29%'
2%
*v
Creole Petroleum
Apr
170
•
i
1
-
.
May
100
2%
Fdry 8s Maeh Co com.*
7% 1st preferred
Borne, Scrymser Co
Bourjois Inc
7
Apr
15%
;
146% 149
7%
1,800
Jun
10%
Feb
7,100
• •'
43%
iV
v
7% May
15 Va May
■15%
•
common
(H C)
5%
6
Jun
4%
Jan
17 % July
Feb
5y4 Jan
l
---»nr
common
Blumenthal (S) & Co
Bohack
15
300
10% Mar
_100
common
Blue Ridge
6%
1
Convertible preferred
Birdsboro Steel
7% Jun
l
Benrus Watch Co Inc
Bickford's
250
17
6%
1
common
Bellanca Aircraft .common
Bell Tel of Canada
Benson & Hedges
16%
1
Shoe Corp__.—_
(A S)
4% Mar
10,400
24
Apr
,
4
7y4 Mar
1,400
6'/a
%
--
50
;5% convertible'preferred
Courtaulds Ltd^s-^ ■ 1American dep
16%
.
Baumann
6%
Jun
19
Feb
550
~
34
29%
11
4,500
I
6'%
6%-:
>
•
1%
100
•'4%1?4:%.1
" 13%
*
Cosden Petroleum common
5%
5%
33
Feb
<1% Feb)
4,700"
6%
v5%
,
%
;; 29%
*
—•—1
"•
10% Jan
•
6%
114
100
' -;
15
6%
;;
;;vf4% *
1
*
5c
Reynolds common
preferred' class A
—
Andes—
American shares—
Barium Steel Corp
—.1
Barlow & Seellg Mfg—
$1.20 .convertible a common—
8
Basic Refractories Inc
1
Jun
14% May
Feb
9%
••.•i:io.i
1
Corroon A
July
66 a4
1
i
Inc;—
Coro
preferred.-
1tb
Feb
!•
2,600
7%
13%
;
V33V2
--25
.
1956—_—
Cooper Brewing Co common—
Copper Range Co:
Cornucopia Gold Mines——_
B
Babcock & Wilcox Co
6%
'■•■6%
•; 5 %
Feb
4 11% Mar
12,800
7%
7%
7 /4
63%
64%
Consol G E L P Balt common.:—•-—(
63%
111
114
4%% series B preferred—
100 r 111
4 % preferred, series C.—.———100
100
1 r 100; 100 1
i:10%
Consolidated Gas Utilities.—
—1
' 10%
199% iW :' '
Consolidated Mining & Smelt Ltd——5 - ■ 99 %
1 AVgf
Consolidated Royalty Oil---—101^1 4 • *;;
'46% -■47%"
Consolidated Western Steel. Corp.
•
47 %
1%
1%' 1
Continental Car-Na-Var Corp
1
1%
"113%
14 %v
Continental Fdy & Machine Co——.—1
13%
31% .31% '
Cook Paint A Varnish Co
* ^1 31%
,
7% May
32
24% Feb
24
.
.
10V4 Mar.
...
—
23
r-'.f
Feb
Feb
• •
——.25
—....1
Pubilo Service
Vtc ext to
Jun
3%
•
8
Apr
64%
24%
5,900'
1,900
15
4%
Mar
52
<
■;i;i
<
7%
15
'z'
—S
com
V'"'
'
~
7%
mmrnm
—25
preferred^-
2% Mar
1,000
-50
;
Co
Baldwin Rubber Co
,*■(t-*yJ
49%
•17%
warrants—~5%.
Commodore HotelInc..:
.Commonwealth A Southern warrapts—
Jan
lVa
6% July
100
12
11%
Jun
ComPQ Shoe Machinery—.
6%
i.
8
46
—i—14%.^
Colonial Sand A Stone'CoL.
Jun
23
r
Colt's Manufacturing Co.
200
%
: *11%
14
Feb
Feb
10%
12%
6%
6%
Associated Tel & Tel class A
Fisheries..
}■ 8
—
Colon Development ordinary——
1
Colonial AlrllnCs——
———1 ••"*
'
.150
—
Associated; Electric Industries—
American dep rets reg
-11
*
Associated Laundries of America-
Ayrshire Collieries Corp
\
•
common^—.—.20; 46
Aluminum Products Co.^
• —
Cockshutt' Plow Co common
8% May
10% Jan
115 • July
%
31%
200
—*
Mfg.——■——4
Jan
•
25,700
13%
7% May
5%
,
57%
7% May
4>% Jan
~
—1
8% May
,1
'
•
Club
6% May
Feb
7
6%
.
10%
•
Aro Equipment Corp
Ashland Oil & Refining Co
Coast
6/2
.r1n. ,900
6,200
52%
•<>_ v.-
;v
~
High
Low
6%
17 11
1 ; k --t y.* 17
•"•;3'.-'--3%
H ■/S
'-'■Ztyzr o2.%:
fc'2-va
—
•
Jan
4
12%
Feb
7
4%
<< 6%
6%
•
_•
Zlio
'
Atlantic
.
V
Range '.Since. Januar y 1;
:
200
13%
1
Clinchfield Coal Corp
—1
—
Arkansas Naturaf Gas commonCommon class A non-voting
—
Atlantic Coast Line
54%
5
-10
Clark "Controller Co.,
Clarostat Mfg Co—
1'Claude Neon Inc common-
19% Jun
May
8%
190
102%
1;
15% Apr
1
'
Arkansas Power &
?£■&■■"
■e%/? ' " .
•
10
Shares
Hiffh
6% rl : 16%
—--7*
Suburban Homes
Bales
for Week
■
Amer (dep rets ord reg
-£1
1
Angostura-Wupperman
1
Apex-Elec Manufacturing Co
Appalachian Elec Pwr 4% % pfd— .100
Argus
Mining—
City Auto Stamping
City &
'
•
»,
-
LOIO
■'
•
Cities Service common—
Jan
7% July
5%. Feb.
;
.
•
Lines
Week's
(Last..Range 1
VSW*?!*«• .1 of Prices
noting trust ctfs
Chief Consolidated
July
■
Y'l FOf
yV 1;,,1
"
Chicago & Southern Air
/Jaw
.ft-.
,
„•"•••.
■
6
...
,•1
Apr
*If
York Cnrh Exekange
New
Low
High
'.'-'•'••-'ll:-•■.'i:'
STOCKS—
V" VYri/vYYY
Range Sine* Jannary l
'
4%
6%
%(1
...2
Angerman Co Inc common
Anglo-Iranian Oil Co Ltd—
Share*
4%
5
Anchor Post Products
WEEK ENDEJ1 JULY 30
";v--v Friday
^
(or Week
•1 Prices
Par
<■■
FOR
Sties
Banga
.
Sale Price
5%
American Writing
Last
.
EXCHANGE
YORK' CURB
NEW
1<
Monday, August 2, 1948
COMMERCIAL & FINANCIAL CHRONICLE
T.HE
(468)
32
300
1
100
7% Feb
2
Feb
1%
'
-v
Jan
10Va July.
.
COMMERCIAL & FINANCIAL CHRONICLE
THE
Number 4?21
168
Volume,
■iinTiimti
/'vy:.
.
.
(Peter) Brewing——
Fog
■
High
Shares
*950
-7%
100
11% Mar
7 % Mar
Exchange
32
Jun
12% Jan
8'/a Mar
—
Kalser-Frafcer Corp
Kansas Gas & Electric 7%
100
5
General
Alloys
,\
conv
2%
General Finance <5orp common.
1:
Inc
...
-l
i
I'
•
■
$5
Gilbert
[
11
(AC)
|
Globe-Union Inc—
(Adolf)
14
2%-
1
.
(
!
i
Great' Atlantic
700
15
13 Vs July
12% May?
Jan
16% Jun
21%
;2%
?%:Jan
400
'
.
%
7,700
;
>.
.
63%
>'54
15%
200
8%
9%
10%- 10%
}. %May
' 57%'M**:
,Mar:
;
Feb9%
Mar
60
12% Feb
.
6 % Mar J-W-
500
«
28% Jan
81
Jan
6%
250
15%
.
July
#Ma*<\,;'
230,
1—
61%.
-————1
-——5
22% Feb-84
57% C
400
66
Jan-
I
Seeley
Products
Petroleum.
(D Emll)
Kleinert
Co common
Rubber Co
(IB)
Jan
Stores^..
Kobacker
Kfueger Brewing
Laclede-Christy
Lagendorf United Bakeries
class B
Lefcourt
Material
Liortel
Corp
Co:
Loblaw
Groceterias class
Steel
8 fb'
preferred B ctfs of dep—
& Exploration
pfd-.
,1
,♦
.2
1
8
100
400
Mar
9y8
*'
common..
,
70
•
•
Baking Co
preferred.^.^..—.i—■—ww.i.->106
■
common
Corp
100
"
3'
Mar
24
100
Feb
10
•
Mar
41% Feb*
140
—
:
-"z Feb
^31% MaT
: io5% jam
4% May
30%
Jun
20%
Apr
44 V«
Jan'
Jan
35% Jan
148
110%
Jun
24% Jun
88
Jud'
4% May
44
*
Jan
7%
Jun
7%
Jan
42%
*
Huyier's commotf.——1
1st Conv preferred.
j,
1
HydrO-Electric Securities
•
Hygrade Food Products....—
*
&
1
Co
1
Mfg Co„
Chapman St Scott
Corp—
Warrants
pref^red-i.i»«:----a-^:
A
Co
Iron
Jan
3% May
26
Jan
1
Zinc
Co
-50
copv
4——_•
common
'
—
/'Rights WL——..-4—'.-
■
-
•
Imperial fTobacco of Camada_4—i.
5
Imperial Tobacco of Great Britain
-St Ireland——4—4.£U
Indianapolis Pwr St Light 4%
6%
—10
preferred
Class B
v
I
t c_—
a
Feb
5
Ex-distribution
Midland Oil Corp $1 conv
Midland
•
pfd
Products—
Steel
$2 non-cum dividend sharest.—
Co
Midvale
Mid-West
L
50c
'.i.—-...10
Co.*—
Midwest Piping & Supply
Mid-West Refineries
Wohl
Co
common:
•
i———1
50c
common
50
•
5%'pfd—100
convertible preferred—.
Missouri
Public Service common.
Molybdenum
4% May
11% Mar
11% Mar
116
July
6% Mar
Corp—...
Monogram Pictures common
Mbnongahela Power Co^—
4.40%
cum
Mtinroe Loan Society com class A
Montana Dakota Utilities
9 Vs
July
92 %■ Feb
12% May
Mbuntairi
July
International Petroleum
Registered
coupon
shs__*
shares
Producers
Tel
States
——
Ohio Mfg Co
Muskegon Piston Ring common—
Muskogee Co common.
Murray
5
Royalty
A. i.-*. ^ w——— 4— --—1
fi Iron Fireman Mfg voting trust ctfs—
Irving AiV Chute„.-.u.i-__i___i_
1
Italian Superpower Corp^com cl A
•'
..1..^.
Nachman Corp
Namm's
Inc
common—
Hess
common
preferred
Fuel
National Mfg
Je#nhettfe.Glass Ob'common.
'■—
Gas——
& Stores
common:.—
National Pressure Cooker common-
Jefferson Lake Sulphur Co..
National Radiator Co..
Jim Brown Stores common..
Natlorial> Rubber Machinery..
—
Jun
40%
Jun
i6y4
33%
4%*.
16%
33%
3%
4%. .May
Feb
17%» Apr
33% July
12% Feb
26%. Jan
115
28
28%
25
% Mar
July
11
11%
12%
11
July
July
33% May
13% Jan
11% Jan
14% May
13% Mar
16% Jau
12%
111
97
Co
—
page 35.
National
Transit
common
6% May
4% Mar
47/« July
29% Mar
35% Jab
33%
Feb-
37% Jun
11%
Feb
Feb
16% July
Apr
16
a-Ju—
12V4
17%
13% July
Jam
May
Feb'
7% Mar
10% May
9Va July
1-1%
Feb
22 Va
Jun
15
National Steel Car Ltd
Preference
see
178%
34% Mar
4%
12%
Bellas
Breweries common..—
7%
For footnoces
163% July
36%'
36 %'
12%
National
National
National
Kokenga
11%
Apr
2% Mar
National- Mallinson Fabrics—
A
Jun
10%
♦
Investors
f
Jun
3Va May
13% May
Feb
10
International Products
^International Safety Razor B
International Utilities common..
Julian
96%
103%
2%
163% 163%'
108
Tel...
&
Jun
97 %■ July
2%
11%
2%,
•
i
•
Mountain
98
98
pfd series B
OVst" Jan
88
5VaJun
93
pfd
cum
4.80%
8% Mar
2 %* Feb
—
Mountain States Power common—
/
*
10% Mar
•
Cigar Machinery—
-•
*
common
Abrasive
Oil
MldWeSt
10/
International Hydro-Eleotric—
Preferred $3.50 series.
1——50
International Metal Industries A
*
1
Middle West Corp—
Montgomery Watfd & Co class A_.
Moody Investors1 partic pfd
Mbrris Plan Corp of America?—«.
pfdt._100,v
Insurance Co of North America
International
52%
—1
2.50
*
Mlcromatic Hone' Corp
4% %
Imperial Chemical. Industries-^- .
Amer dep rets registered——*#.;
£1
Imperial Oil (Canada) coupon.—.—.*
Registered
—25c
—15
Middle States Petroleum class A v t c—1
Mining Corp of Canada
Minnesota Power fi Light
Illinois
100
-
Michigan Bumper Corp
Michigan Steel Tube
i
Michigan Sugar Co common—
Miller
Illinois^ Power Co 5%
*
,
Dredging
Participating preferred-
"
19 :
1
*
•
common
Metal Textile Corp common—
7% Jul/
Inc new common—5
Refining..
•
Co.—
5
warrants—
Co
Johnson
Mesabi
Jun
Mfg
stock
Mfg
6%%
Jun
,
(Harvey)
Refrigerator' $&25 pfd
i—*
1
10
Merritt
Oil
Common
15%
^
Humble
Hussman
xl5V4
10
common
Menasco
Hubbell
&
48%
21%
..
£1
Shovel—
Mead
July
Jun.
6
48
1V5
Horn & Hardart common
Feb
68
-
*
common
Jun
95
1,700
Inc
&
X15V4
,
•
Harris
McWllllams
9% Feb
-
.—,—~—-1
Holly Stores Inc..—
Lock
<
1
—;
Power
10'-^ Feb
400
Holllziger Consolidated G
Hurd
...
10
common—
(The B) Co
$2.50 preferred
McKee (A- G) & Co class B
100
100
1
—10
Henry Holt & Co common:
Hoe (R) & Co class A
,i
8
20 V4
i
6
Co_
Public Service Co
McCord
»S
preferred w w
preferred w w
Horn & Hardart
47JA'
20%
47y*
<
^
5% convertible preferred
r
McClanahan Oil Co common—;
•
5%%
Co
July
7%• preferred A ctfs of dep—.
Louisiana Land
McAleer
2
common
&
10
Communication Co Ltd
10 %
(Geo A)
24% May
Lone Star Gas CO. (Texas)—j—
Massey
'Clasa
Hormel
-
Longlnes-Wlttnauer Watch Co
Long Island Lighting Co—
Common ctfs of dep
j
u
4
Heller Co common.
Co
Jan
26Va
Chain
Marion
300
Horder's
25% Jun
24% Jun
A..——
Class B
Locke
Mapes Consolidated Mfg Co
Marconi international Marine
5,700
Holophane
common:
new
Llpton (Thos J) Inc 6 ft preferred.
Lit Brothers common——j.—
MaCklntosh-Hemphlll
5
4%
Feb
Feb
6
university.
Tourneau
Line
Co——
Rubinstein
Ma^;
100
Minlng Co—-i-—-i——«——^-25c
Helena
•
Realty common
Gil Development
(R G) Ina
Leonard
Le
21
18%
Lynch Corp——
*
1 'P t' V'': \J\'''•'' '^,1 -•' •' ¥
Dept Stores common
*
.y
^
Monotype' Machine..^
Lar Salle Extension'
MaF
*25
cl A.—
■
Lanston
Feb
8% July
6y«* Jad
7% Feb
Lakey Foundry St Machine
LamsOn Corp of Delaware
ManiBchewitz
Hecla
xl4%
Company
Mines Ltd
Lake Shore
10% July
-Mar,'&£-.14% May
7
5
Hamilton Bridge Co Ltd
*
Hammermill Paper
«—.—10
Hartford Electric Light
25
Hartford Rayon common:
1
Harvard Brewing Co
.......——...l
Hat Corp of America B non-vot com—1
Hathaway Bakeries Inc
—1
Hazeltlne Corp
•
Hearn
i...
Knott Corp common
Mangel Stores
V-
j*.
.
Lake G M Co Ltd
Klrkland
Maine
-
pfd B
-
25
common—25c
Gulf States Utilities $4.40 pfd:
Lamp
D
Louisiana Power & Light $6
Gypsum Lime & Alabastlne
Hall
Jan
Corp___
Kingston
Klrby
18% Jan
Non-voting common stock—
•
7% lst preferred-———————».100
Great Northern Paper
Grocery Stores Products
;
7% Jun
9
300
'-.'42^':t.Feb-."x*-50%Jan
100
..
U-
»'3%* J»u
Pacific Tea—
&
preferred
5%
Jan
12
,.&,29.:,',,AprV;t/,,./35J Jun21% Feb
52% July
.18% Jan :
'24% July
-700
14 Va
.
Graham-Paige Motors 5%>. conv pfd—25
Mfg Co
%-
56%
Mfg Cck^—
—60
Gotham Inc class Ai.^.—————*
Gorham Mfg common
10
Gray
8,800.
27%% 27%
Goodman
Grand Rapids Varnish
1,700
-
42%; 42% V...: •-! 25
•
class A
Goldfield Consolidated-Mines—
i I
.
14%.
:- Class B2—...
|4.50 prior preferred—..—
i.;
Feb
•
Inc common
Godchaux Sugars
31
30.
-5
...
■>'] ':v
j
Jan
„
22%: 24%
1
Glenniore Distilleries class B
(ft
'
117-
Mar
-" *105% ^Jun ' 110% Feb
.4J/4 y'.:" 80Q .J' -v'2%MarXw':v;:^'5'Jan
22%^23;- ' "-m-'....300 &&
Jad^^23i%-. Jun/;
*„
52
May &&■ 64
Apr
;.2.50
*
Coal———
Glen
,
5% Jun
96% Jan
-
25
Gladding McBean; & Co.—
Gleaner. Harvester Corp
Jun
15
25
.
5% Jun
x9
Mar
Apr
Feb
11
,11% Mar
100
84 % Mar
rU
3%
123% Mar
105% Apr
^
-
f
|?
75
Apr
July
9
39
,
-v
Feb
2%
800
■
-
-
ft
4%
95%
—•
i
Gobel
95
—
110
Co
Alden
6%
•Ju.
..4%
Mlnes.i^iiiw-1
—i——*
common;
27
Feb
-:'-'98-" ^ JaftJ
300
2% Feb
11,600
5% July
200
-
95 7 '
Preferred
Gilchrist
"
—
-prefetredii--Lw..i^ii-^i-^vif.^*
Giant'. Yeitowknlfer Gold
37%
4V8
4%
Georgia; Power $6 preferred
«
•
: —.
...
$6 convertible preferred—
'\t
-7%' Jan'-
.
5%
Phoenix Corp
^9% May
'
Bi Jan'
-eya-Mar
1,400
8% l>eb
.
200
—.
...
Kings County Lighting 7 %
Klein
Plywood Corp new com
50c
General Public Service $6 preferred—*
General Shareholdings Corp com
1
6%
3Vs May
5% Jun
'27% Jun
-
Jan'
'7% Apr
—
General
i
.
23%
36%
General
:i
r|
200
—*
pfd—100
-1
Adv
Outdoor
—
200
Kimberly-Clark Corp—
4%% preferred
10ya Apr
-•■■-'n3/* Mar
3"% Feb :
700
4%
v
7%-*7%
—10
preferred series A
17% July
92%-July
'
'
General" Fireprooflng common
5%
2%
4%
—
£i
j
Feb'
15% Jun*:
Jutf"
6%'Mat1
1,000
O
"
Amer dep rets ord reg
General
84
—
Fe£
King
com.—1
25
preferred:
General Electric Co Ltd—5%
8%
"
Co.
Supply Corp
General- Builders
:
...
„
1
l.j Gellman Mfg Co common:
*;
910
1,800'
__
preferred
5 %
12%--14%
a
—
Bangs Slides January 1
Low ''
• ' Hit'
,100
—.
pfd—.
Kawneer
Kennedy's
;;
Sales
Week's
Jan
8% July
Mar
Key Co common..^..^,
Kldde (Walter) & Co
Garrett Corp common
U Gatlneau Power Co common
%
19
25
—
Curb
High
Low
.vw*
York
New
BangeSlnee Jannary i
'
•
12%
.
7%
7%
Corfv
Fuller
12
__
—-
Intf common.
preferred—
wi
(Geo A)
Faanklin Simon St Co
4%%
Low
Friday
tt-l Last
Range
(er Week
ji|l« Fries ', •! Prices • Shares
Low
High
STOCKS—'
for Week
Range
'ofPriCel
SaleFriee
E*changtf
New York Curb
:
Last
*■
.
.
Baled
WSeli's
Friday
STOCKS^
EXCHANGE
BANGS FOR WEEK jENUEEr JUL* 30:
-z
.' -v-
CURB
YORK
NEW
3V2
Mar
Feb
■
/
4% May*
...
stocks—
York
New
'/.*•£
;
Bale Price
Exchange
Curb
Friday
Last
11%
15%
Haven
Watch
Jan
13%
Feb
16 y2 July
Feb
Jun
300
...500...
-
150
9%
6%
*"
New
Park Mining
New
Process Co
Y Auction. Co
N
Y
Shipbuilding
Corp—
preferred;
—L
optional warrants.
Niagara- Share Corp class B com
—_
16%
16%
1
100
100
„
2d
>
,
,
—1
,
Niagara. Hudson Power common
5% 1st preferred
102%
Niles-Bement-Pond
Nipissing
Class B
North
common
Central
North
J
-
Oil—
Texas
States
Northrop
Aircraft
.
Mar
2%
2%
95%
20
loo
pfd_100
"100
100
'
40%
42
11%
11%
12%
3,700
7
19
19%
1,200
16
$2
500
3%
3%
2%
88%
88%
10
Ohio- Brass
Ohio
4%%
Power
Oklahoma
Oas
39%
42
37%
15
,75
20
13%
Jun
9%
Feb
8%
"
8%
16
17 *
-1,200
500
Omar
—
Jan
17% July
Jan
11% Jun
5%
3%
,
8%
7% Mar
11%
5%
5%
4% Mar
6%
Apr
Jan
13%
Jan
5
8
Jan
Steel
Co
July
8% Mar
•
1,400
27% Mar
-;
11%
6,200
77/s Mar
2%
2%
2%
600
2%
900
3%
2%
.
2,800
25
common
1—
:
31
17%
18
,
17%
17%
2%
1
3%
3%
25%
prior
stock
25
76
77
80
80
Semler
Jan
109 %
Corp
common
Feb
Securities
July
24% Jan
W 4% May
13%
400
74
50
.
Feb
3
1st
,
7/a Mar
9
Jan
Jun
13
Jun
Seton
14% July
17%
Jan
24.
May
Shattuck Denn
Feb
13
May
Shawinigan Water & Power
Sheller Mfg Co_
18%
19%
16
15
15
12% Feb
65
X67
7%
Leather common
Pacific
Lighting
Pacific
Power &
8%,
9
$5 preferred
Light 5% pfd
34
34%
31%
31%
29
96
36
Sick's
101i
Feb
91
Jan
15 %
,
12% Mar
Pacific Public Service com
>
•
$1.30 1st preferred
Page-Hersey Tubes common
*
23
•
2%
Mining-——————5
—•
common
106':,
104-
20%
1
18%
13".•
5
26
27
1
20
20%
Pantepec Oil of Venezuela Amer shrs
Paramount
Parker
Motors
Pen
Corp
Co
Parkersburg Rig & Reel
Patchogue Plymouth Mills
28,500,,
150
11
1,000
13%
23
,
Mar
800
-
•
Singer Manufacturing Co
Amer dep rets ord regis,
14 Ya
3.90 %
May
24% May
Telephone
26
25
6%
1
Penn-Dixie
Cement warrants
Penn Gas & Elec class A comAon.
Penn Power & Light 4% %
Penn Traffic Co:.
pfd
:
4%
6%'
4%
5 y4
5%.
5
45 Va
X
5%
-
-
Pep, Boys. (The) n.
Peppereli
Mfg
Perfect Circle
Corp.
Co
26% May
Feb
Apr
47/a
4,
54%
26
*
common
7%
2&
.
2%
2
12%
12
'12%
70
70
Pittsburgh Sc Lake Erie
Pittsburgh
Metallurgical
Southern Pipe Line
8%
11%
Southland
4.32%
Jun
9%, Jan
Feb
I
3y4
500
..
:2A
Jun
2
Mar
Feb
4
Mar
2
1,000
13%
Feb
*11
1,400.
.
5
18%
18%
19%
4%
4%
4%
Polaris
common
Corp of Canada
6%
common
1st preferred
Pratt
&
Pressed
Inc
Metals
Producers
.2.50
5%
5%
Jan
21
»
Jaa
400
42%
*
2.50
8%
1
12%
Nevada
Corp of
1
2%
43%
Corp
Apr
9%
100
97%
•
Feb
33%
Jan
July
4 %
Feb
3%
5
Feb
7%
Jun
14 V2 Mar
May
10% May
T
6% July
47
Jun
14% May
-
27%
28; \
27%
28%
1,800
27%
27%
400
24...
24
24%
..
Starrett
44% May
Feb
8%
40.
40
16
Jan
3
Jun
Mar
# II
Jun
97%
94% Jan
99% Jun
97%
98
90
28
29%
26
13%
11 y4 July
4%
29%
200
Jan
25% Feb
Jan
10'A July
48'% jun
...
,
Feb
36
Apr
2»% July
Mar
22% May
50<T
5%.
Jun
3%
Feb
7V4 May-
1
100
4%
5
:>
Feb
Feb
Jan
2,400
8%. Feb
l'/2 May
12% July
.25%
3%
3%
300
197/a Mar
26'/4 July
10%
10%
500
29
common.
29%
900 f::
200
2% Mar
37/a
17% Mar
—_—
;
,; 2
.
9'/a
25%
Feb
Feb
11% May
29% July
-
l'/2
Jun
19%
:■
Feb
3,800
2%
1%;
Jan
3
May
2% May
1 '/a- Mar
800
102
200
107 % 107%
—
115
Feb
July
6% Mar
~4
1,200
T
:
"4%
2,000
677/s
63%
100
26
27
19%
20%
300
7%
7%
100
1%
1,200
5%
^500*.
6%
8% May
3%. Feb
"3%
3%
2%
*4
Corp
.
67%
•
(A)
19%
Sterling
May
9% Mar
8%
25
700
■
4%
1%
1%
10%T-11 fe*
& Co common
•
Aluminum Products——1
Sterling Brewers Inc..—
1
{Sterling Engine Co:
———1
Sterling Inc
—
1
Stetson (J B) Co common.
•
Stein
May
iy4
41.
•
:
28'A
May--
27%
600
~
4-
26
300
-
10%:
9%
5%
Steel Co of Canada
Apr
Feb
Feb
(The)
*
400
r
■•U 41% May
35'% Jan
40,
,
27%
Standard Tube class B
Jun
94
31%. Feb.
38%
38%
Corp
67/a
3%
*3%
2,000
28
Co
Standard-Thomson
9
•
29%
(
30
1%
.'$7 preferred
Standard Products
9%
.
44%
30-
class B
Common
May
10
Jan
37
8 %-
13
2%
Jan
Jan
Feb
2% Mar
r
400*
5
25%
Forgings Corp
Standard Oil (Ky)
Jun
6%
Jan
9% Mar
America
common
of
18%
Jan
Mar
87
•
-•!%
6
...
.1%
6
-
52%
6%
Feb
:,
23% July
-i
7'% Mar
5%
8%
Feb-'"'
14%
100
13
1%
800
1
Feb
14%
14%
7% May
Jan
1%
Jan
,^2%-Jan
Jan
14%
July
27% Jun
15% Mar
'
%
Jan
69
Feb
22
250
-
Apr
3% May
Feb
3'% Mar
15%
Jun
1%
Apr
Service of Colorado-—
Public
4%%
cumulative
Puget Sound
$5
3%
11.
*
Providence Gas
••
14 y4
1,200
12%
Prosperity Co class B
•
25
i0tOO
Lambert" Co—
Prentice-Hall
15
12 y4
5%
25c
.
Alexander
Sc
15
15
10
9%
'
43%
Standard Power & Light com.
common
Mining Co
Powdrell
Power
Scale
1,100
1,600
5
preferred
Standard
-v
Pneumatic
3%
9%
'$1.60 convertible preferred
July
July
8%
300
Royalty Co—
Dredging
Standard
Feb
73
4MuMar.
2,000
l
41
Feb
preferred',
Convertible
'
'
Pleasant Valley Wine Co
800
Apr
8Va
2,200
4%
3%
Btahl-Meyer Inc
Standard Brewing Co:
Standard Cap Si Seal common.-.
Jan
37% July
58%
660
cum
Spencer Shoe Corp
29%. JUUL
22
50
50
common
Jan
6%. Feb
200
73
2%
:
4.56% conv preference
''4,48%;- conv preference
July
'
1
RR
Jan
70"
Feb
preferred:
11% May
6
Jan
;
"2% "2^:
1
Pittsburgh Bess & Lake Erie
;
cum
3% Mar
300
shared
Amer
Pioneer Gold Mines Ltd
Piper Aircraft Corp
Pitney-Bowes Inc
common
5%
Apr
4.
40
-200
-
13%
4%
25
25
25
——25 "
—31T
1
5
•
original preferred
5%
9% Mar
10%
7»/4
4
Edison—
California
Southern
Jan
100
t.:v:
25%
12%
common———12.50
1,800
10%
.
May
90"
88% Mar
Southwest: Pa Pipe Line:——-w—10e:
6% May
Feb
Mar
39
2,500
10%:
i;.,.
Johnson. Ltd
3%
July
270
4 %. Jun
108%. Jun
1,300
70
Mar
8% May
Mar
3
South Penn Oil
Jun
49
4.
750
4y8.
67%
10%
"3%
50c
common
Governor
Pinchin
4%
67%
2.50
common
Phillips.packing. Co-,.
Pierce
t
?p
Pharis Tire Sc Rubber
Philadelphia
J,
•/,;
Co
36
May
6% Mar
£!
Manufacturing
'4.88%
•
Jun
11% Jan
Apr
225
100
preferred
Solar Aircraft Co
2
.400
.
46
7%
7%
236% 240
Smith
Jun
101 % July
760
100
500
7%
Ltd—
6%. Jan
.
Jan
5% Mar
5,900
,
45
23%
50
...
101%, 102%
102
,«►.
•
-
6%
-
3:;,
•
100
2.50
Penn Water tfr Power Co
26
,
236%
(Howard! Paper Mills—*——•
1
Co
1
Boon tone Corp:.———————
---t
Boss Manufacturing, common
1
South Coast Corp common
1
113
42% Mar
•
common
$1 cumulative preferred
Pennroad Corp common
7%
100
7y4 July
Feb
Feb
Solar
Peninsular
"7%'
City Gas & Elec Co—X v
Sioux
Apr
12 V2 Mar
31
Feb
17%
80
&
III
common
Singer Manufacturing Co
s-22 y* July
13 % July
Feb
108 Va
Apr
35
preferred:
25% July
Jun
Jun
Jan-
22% May
17% Jan
14%
"7%
Simplicity Pattern
Jun
July
76
Publications—
33 y4
Mar
1(F ^
.
$3 convertible
July
May
20%
:-:T7
11%. Apr
14%
Ltd
Simmons-Boardman
15% May
4
'
Mar
62
May
15% May
Feb
18%
of America class A—
Breweries
Feb
2% Feb
3
.106%
Silex Co common
106% Jun
il 97
23% Feb
15 y4
Apr
32% July
Mar
96
102% 104
•
100,
Shoe Corp
Jun
32%
25
10 V* May
13
IOV4 Mar
13
preferred
Feb
67/b
25:
1st pfd
Jan
Jun
1 % May
:
Jan
5
common
preferred
Jun
4
Feb
July
4%
5%%
Jun
Jun
l;'-'i; 5%
May
1%
5
600'
1
Pacific Gas Sc Elec 6%
27%
85
87%
Feb
;
75% Mar
Sherwin-Williams of Canada."
Pacific Can Co
Jun
2% Jan
l7/e Mar
20
13
5%
5
O'okiep Copper Co Ltd Amer shares
Overseas
19%
l7/a July
1
1
1
1
•
Inc
B)
Radio
Jun
*
19% Jun
3 % Jun
■
-
'
certificates
(R
Bentlnel
39% Jun
16%
1,900
Allotment
Jun
Apr
4 '/2 May
3% Jan
Feb "
6,400
23%
Jun
?
34
l7/a Mar
150
21
20
•
5
•
Feb
2,600
stock
Jan
3%
3%
•
-
Feb
10%
400
1%
12 y4
2% Mar
27
300
2%
2%:;;
.
1
Industries Inc common
$5.50
1% May
48
3
$ 900
*
1
Co
2'/a Mar
.
1,400
2%
39% July
J
1% Mar):
.
200
3%
29%
Inc
Bros
10
1
1
Segal Lock Sc Hardware
Shoe
3,100
37%
1
Securities Corp General
Seeman
9%
10%
15
Inc
7% Apr
35%
Sentry Safety Control
Serrick Corp class B
1
j
class B
Feb
14 %
150
•
Distillery.
Filters
United
8%
10
16%
1
Polndexter
Oliver
Jan
42 % July
:
7% Mar
Sherwin-Williams
Old
Mar
>
Jan >
25c
common
Scullin
13% May
Jan
30% Feb
1,700
Apr
•
& Fisher Brick Co
(D A) Inc common
Scovill Manufacturing
22 Va
July
102
38
,
37%
50
(Del)
Jan
43 %
Jan
33
93
Mar
4% Mar
1
•
1
Schulte
103.
Feb
1%
1,700
103
102
-100
_•
1%
40%
•
common
preferred
Natural
1%
50c
July
10%
38
Convertible
common
Co class B
4% May
2% May "
-
86
1.25
Sayre
Selby
Corp
3% Mar
1% Jan
1
Corp
Inc
Oil
Savoy
Selected
Ogden
.
33 X Mar
23
♦
conv
United
Samson
95% Jun
Apr
A
Class
May
Feb
19%
24% Mar t."
1
Salt Dome Oil Co
r. Jun
21% May
3% Mar
Feb
34%
900
40%
1
•
i
200
5
Ltd com
pref_
St Lawrence Corp
7% May
48
Feb
25
class A
Corp
28%
Jan
Jun
.
48% Jun
1
Jan
97,.
50
Jun
i%May'
Mar
90
26%
12% May
20
2% Feb
500
95%
Jan
Feb
18 %
11% July
2% Apr
1
Inc
Jan
33% Mar
15
3%
400
,*2%
10
Aeronautical Co
Consolidated Petroleum
Ryerson & Haynes common
May
Feb
33
common
Inc
Field
Russeks Fifth Ave common
1
6% Feb
7%
Corp
Cable
Ryan
T/s Mar
42
Apr
23
£1
5
reg
Ryan
9 % Mar
12
50
Power
;
6%
1%
.
•
com
Royalite Oil Co Ltd
117
Apr
High
37/8 Mar
100
22%
3%
1.'
Rotary Electric Steel Co
Rowe (The) Corp common
Jum
Jun
600
.
.
28
.
pfd F—-100
new
dep rets for ord
Roosevelt
May
105
8% Jan
2,000
5
-
Northern Indiana Pub Serv 5%
Novadel-Agene
500
10%
•
Co
Northern
10%.
10%,
•
Utility Securities
RR
Penn
%
m%
common__l
•
Airlines
Northeast
North
*92%
10 %
class A
Rayon
American
50
10%
Rome
10% Jun
FebFeb-
T,
92
1
5
-
American
19
I
1%
.
Royce Ltd—
Amer
Feb
1,400
.101
101
101
Rolls
Pendleton Inc
&
Roeser
May
15
Range Since January 1
Low
.{•"£
4%
1%
28
1
Valley Gas Co—
Corp) V t
Shares
High.^i-
4Vt
;
22%
——
Rochester Gas & Elec 4%
Jan
32
UV* Feb
350
*■'
Mines
10%
Feb
July
4%
I
:
for Week
Grande
(Texas
Jun
July
88
Mar
20,000
5
—
North Amer Light Sc Power
North
8%
102%. 103
%
Hundred Corp class B
2%
27
1
200
17
7%-.
8ya
Class' B
Nineteen
31%
—10
Founders shares
5%
■i','.,;.;.5o
■'I
13-
30%
Rio
10% May
;
■
Feb
9
•
10
Rosario.
Merchandise
Y
N
700
Feb
75
common
Honduras
Y
N
1%
:
May
727/a July
Feb
1%
'
J
96
Jan
6,;
common,
N
&
1%
Co
591/2
1,200
7%
v
:
82 y2 Mar
Goods
Richmond Radiator
.
5
& Engineering
Dry
Rice Sti*
Low
•
1
1
—
Sales
Range
of Prices
Par
Co_
Electric
Reliance
..,.3%- Apr,, 'jhu. 6 1; Jan
\ 12% Jan
-1.8% July
1,800
68%. 69
Sc Arizona Land—
4%
!i
160
4%
87/a
New Jersey Zinc—
New Mexico
87/a
137/a
92
37/e-
convertible preferred—.
.
6%
90%
Co__
Apr
500
15%
Regal Shoe Co
!Rels (Robert) &
3% Jun
2% Mar
,
'•
Week's
Last
:
<
_
400
12%
15%
,
England Tel & Tel—.—.——
New
4%%
1,800
Exchange
Curb
&■■■
High
\
3
6%
New
&
1
'
—5
Neptune Meter common—
Nestle Le Mur Co class A
Clock
Range Since January 1
1
'
York
New
Sale Price
-V;*.
STOCKS—
Shares
High
11%
5
Corp
(Herman)
Nelson
ef Prices
27/a
2%
_30c
Friday
Sales
tor Week
Range
r
Low
Par
National Union Radio
Week's
Monday, August 2, 1948
COMMERCIAL & FINANCIAL CHRONICLE
THE
(470)
34
prior
Power
preferred
Sc Light—
preferred
Puget Sound Pulp Sc Timber
Pyle-National
Pyrene
Co
new
common..:
Manufacturing
com.*
I
5
13
.
29 Va July
July.
14
Corp
——
Sunbeam
Corp
Jan
8%
6% Mar
10
(Hugo)
Stop & Shop Inc
—
Stroock (S) & Co common
July
99
Jan
Stinnes
Sun
Feb
Superior Portland Cement, Inc—
Ray Drug common
Superior Tool & Die Co
Swan Finch Oil Corp
r
Quaker
6%
Oats
vrv
"I~IIIIII100
'
"*■'
-i
f47
'
92
147
Mar
x96
.14%
200"'
•15
rV
-13% May
300
17%. 17%
30%
32%
Jun
27%
Jan
5%
1,250
Apr
35
^
200
6%
6
Feb
152
May
■:>
C 7"
-
,
Jan
X
15%
250
13% Mar
.17'/-May
3%
3%
2,000
2% Mar
V3% JUn
15
10
Feb
14%
Apr
\t-
July
Mar
79
Jah
15%
20%"Jan
v';
Jun
144
94
148%
Quebec Power Co.
.
.
i
12
-
common.
preferred--
5
—1
•
*
25c
•
—1
-15
tl!)
14% July
r
-
-
;
'
Taggart
Corp
—.1
common—.
Tampa Electric Co common.i.Technicolor Inc common
Texas
Railway Sc Utility Investment A
Packing Co common
Raymond Concrete Pile common
•
150
600
:
V*'
■.'
'
•
W
«.
Roller Bit
^;•*. * *'
Co—
For footnotes
see
page 35.
■* r!v
Life——'•
•■118%
—5..'4i 18%
Corporation common
—5
Jun
Tito
Roofing Inc
Tishman
37
Jun
' Mar
J 900
19% Mar^*
9%
5%, Feb
f.
Tobacco
Realty
&
Amer
■
•
Amer
1
1
1
•
Ltd—
dep rets ord regis-,---.-----21
dep rets def regjsjj>__
—5s
&
Allied
Stocks
Tobacco Security Trust Co
Jun
,<« '2
26%. July
V.',?
*
Construction
Tivoll Brewing Co
55
-
5,600
'
Reed
100
Shovel Co new common..
Jan
31
30 y4 Mar
Jun
20%
lJ/4 May
Jun
52
preferred
—
Manufacturing common.—5
.
Feb
27%
1
convertible
$3
Raytheon
pfd_-
Thew
3% May
Feb
%
10
Rath
1%
14% Mar
10
common
Light 7%
12%
Thor
10,900
Radlo-Keith-Orpheum option warrantsRailway & Light SecuritiesVoting
Power &
•
.U~'li
30 v.
rv—
11%
10%
12%
118% 119%-
;T8%
16%
18%
.
1,700-:
50
.»
v
.
I'
!
.'31%''Jan
.
11%; Jan
.118% July
<
u
,i
-
.
May
16
) ' Feb
21
i '.Jan
Feb
15
May
300
12%
14%
500
300
19% :Jun
,
11% Mar
6%
5%.. Feb
13%
400
53
—''$411
1
iMi f..
16 ic ;May
124 /iJap
•V 18
500
300
17%
28% May
600
30% :r\
:May
Feb
•
49 Va Mar
M
54
6% Feb
.vl
July
18% May
7% Apr
:'
v
.
v
:
May
7%
Feb
1%
Jan
THE
COMMERCIAL & FINANCIAL CHRONICLE
YORK
NEW
/
RANGE
Friday
Week's / ■' '■ Sales :i
STOCKS— 777;/'// //' 7: Last /7Z" Range'; tor Week
New York Curb Exchange
//Sale Price 7; of Prices
Shares
.
s"
Par
Todd
JULY
Shipyard Corp
.new
Low
.20
com
Toklan Royalty Corp—...
Toledo Edison 4%% pfdJ—
Friday
3%
100
Tri-continental
Trunz
warrants.
lVe
43/4
3%
3%
3% July
92
Jan
125
1%
4%
3%
61%'July
900
99%
99
1%
600
,
1
/
300
'
/
New York
__
Tung-Sol Lamp Works com..
80c convertible preferred
Eastern Gas & Fuel
66
July-
5
Jun
Elmira
Jun
l3/4
Lt
3%8..—1965
4% May
Corp
Unexcelled
Chemical
of
Gas
10c
5
4%
*
Corp
6%
Canada
Union Investment Co
1%
4
6%
July
31
May
6
Feb
9
Jan
Grand Trunk Western. Ry 4s——.1950
Jan
Green
Mountain
Power
series
2 3%
Jun
4%
4%
4% Mar
6%
Apr
67/a
5% Mar
8%
Jan
6
6"% July
Apr
A6%s
United Aircraft Products com
United
Chemicals
United
45/a
Corp warrants............
Elastic
3%
10
United Light & ,Railways
..7
United Milk Products common.....
*
20'A
16
Feb
21
177/a
Feb
22 %
16
16
16
"Preferred....
__
*
;30
July
25
...
—
United NJ RR & Canal
United Profit Sharing com-.
100
Jan
10%
United Shoe'Machinery common
Preferred
July
u S Air Conditioning Corp.....
10c
U S Foil Co class B
__1
.....
39%
39%
'2^25
19a
10
10%
400
23/4
4
warrants—.*
3
17
2
Jan
52 3/4
10%
27
•' "7
273/a
27
27
!
27
28%
17%
28%
16 %
28%
17%
28
9
17%
28
51
-
1
5
55%
71%
30
27
28%
.
27%
.
Jan
41^4
(
13
11%
/
- Z,
1%
70%
Feb
123/4
Apr
2%
N
Jan
70%''
67
Universal Products Co common
Utah-Idaho
Sugar............
-
Electric Power
-
16
.—1963
1966
3%s
/-J
Corp deb 4%s
Valley RR—
J-D
—.——1956
F-A
MS
Westchester Ltg
Power
M-/f
7
$1C5% 105%
" J-D
1968
1971
A-0
105%.
A-0
101:
101
.....
J-J
Hydro-Electric
1
A6%s
1947
1
Oct
104
J-J
105
108
5
101
103 %
95
82%
#-^7;
19% Mar
.10
2%
21 y2
2%
2,300
22
22
23% Mar
__
23/4
21%
•
29
2%
,
1,400
July
May
Feb
$24
_.
19
San
Steel
California
Counties
Petroleum
-1st
(Calif)
Venezuela Syndicate Inc.
Southwestern
collateral
Stinnes
2%
Waitt * Bond Inc
$2
..1'
.....
preferred.
cum
Waltham
-30
—
Co
Watch
103/4
106
1%
1%
Terni
300
9
33/4
7
Manufacturing
West
Utilities
Texas
$6
2
Hydro-Electric Co—
Tablet
&
1
4,100
,.20
Westmoreland Inc_—.10,
150
$104
$101
103
'/,-
119
119
$65
98
70
—
V'
—r
101
100%
105%
96%
102 %
114% 119
1
63
75
•
22%
22%
tl9
,21
124
28
,
income
1940 coupon
1947 coupon.
Hotel—
debs
21%/'
;
Western, Newspaper /Union*-? w" ;*
6s conv s f debentures
11%.
12%/
20
10
Eleotric
27%
Power 3%s
5s
J-D
A-O
—1960
82
85
12
108%
108
102% 107%
119% 119%
/•£*,
85
106
107% 107%
1108
117
128
'•
1969
4100
F-A
'
101
;t98% 103%
300
Willson
38
m% 103%
300
193/4
Penn
M-J
1964
2030
West Penn.Traction -5s
Wichita River Oil Corp—.——10 '
Wickes (The) Corp
5
Williams (R C) & Co—i;.
*;
101% 1013/4
18
1954
Washington Water
West
50
40
21%
101 %
1956
50
-
19
413
J-D
.1956
A7s with Dec 1
50
28
39
,
Weyenberg Shoe Mfg-.........——1 ;;
Whitman (Wm) & Co
—1 :
'i'
miil
1940 coupon.. 1953
90
28
Westmoreland Coal
105 %
100%
'S "■i'i.' /'./
A-0
1949
A 5s
146;
105%
101%
//.;,. 17
/ United Electric Service Co—
700
;•
1st pfd__100
104%
$98
1953
of N J 4s
Aug 1
ex
Electric Co
Waldorf-Astoria
Stationery com.—*
105 J/4
104
.
1947 coupon
United
1.25
preferred
Western Maryland Ry 7%
Western
101%
1017/e
23
7
104 y«
3rd
,A7s ex Dec 1
Wentworth
A-O
A6%s with Aug
1,900
6 3/8
1%
trust
A6%s
100
5%
M-N
113"%
97 %
//
$102J/4 1033/4
—
101
113%
■'Jrtlu; /y
102 7/8 103%
103-%
;
103%
600
90
9
]
200
;
107
3%
••
1
Ward Baking Co warrants
Warner Aircraft Corp—
—
23/4
11%
F-A
(Hugo)
A7-4s
.........
J-J
Corp—
,
v
stamped—.—..—.1946
,.W
Stinnes (Hugo) Industries—
A7-4s 2nd stamped—
—^*.^#1946
A-0
.
voting trust ctfs ext.*
preferred.........
.......100
A-0
1970
3%s
(A G) 5s
AStarrett Corp inc 5s
5s
7%
Elec
&
J-J
98
,,
—
Spalding
Gas
M-3
1966
Gas
$114
16p 7
100
$100% 100%
1970
3%s
Gas
M-8
1965
3s
mtge 3s
Vogt Manufacturing
Wagner Baking
///; 3'/
A-0
'
159
'
..
1989
1950
Edison
California
Southern
preferred
$99%
1952
1951
Pow 6s B_.
mtge 3s
Southern
common
Waco Aircraft Co
99% 101
—
M-lf
/—
23
159%
1971
Inc
3%s series A
Venezuelan
159
1973
Joaquin Lt &
Southern
S (4 convertible
159
A-O
Safe Harbor Water Power Corp 3S.1981
Scullin
Valspar Corp
J-J
.1998
debs...
34
/./.—
28
$13
coupon
Jan
22% May
106
Co—
coupon—1960
1960
1940
Queens Borough Gas & Electric—
v
5%s series A.—1952
Jan
3%
19% Mar
50-year 6%
1053%
103
'
92%
103%
11043/4
$104% 105%
—
107%
101% 104
26
101%
$91
J-D
102% 105
77-:VT
102% 102%
__
67
58
■
105% 107
A6%s with Oct
ex
104
2004
1970
Piedmont
Jan
45
102
10
104
--
65
4s
3%s
3% May
64
mtge 37/4S
1st
Park Lexington 1st mtge 3s
1964
Pennsylvania Water St Power 3%s_1964
18% May
July/7
41
1,200
..
....5
Utah Power & Light common
43
109 %
101%
$101% 103%
104%
107
A-O
Light 4%s—i.—.1967
25
104%
-'JV. "•
to'———196$
17
15%
Public Service Elec & Gas Co—•
41
'
1
;• 1
1952
1st mtge 3s
May
'3
67
1952
1
England Power 3 y+s-l.-V-.—1961:
Y &
Ohio
9% May
Feb
1%
400
<New
Jan
July
86
-
1940 coupon
1947 coupon—
1
Milwaukee Gas &
3% Jun
Feb '
5,100
2%
Nov
Extended at 4 %
19 % May
Feb
J-J
.
427/«
28%
17
2
■V
*
Apr
Feb
__
Universal Consolidated Oil new com__10
Universal Insurance„^...._...i.....lo
106%
17%
27
'
'27
-
J-J
1962
Hydro-Electric Co-*-
Jan
62"%
Jun
2% Mar
75
23%
102%
103%
5
60
103%
100%
28%
27
7
w—. :• •.- -
/r":'-
1952
—
7
•n.
1957
coupon)
with Nov
Midland
July
6 %
1,500
84%
18%
1
50c
;
250
38%
2,200
4%
83%
17
/
1,800
15%
4
~
1
U S Rubber Reclaiming Co
United Stores Corp com.
2%
14%
100%
104% 104%
i'-27
-Kansas Power * Light 3%s_.——1969
Jan
Jan
7% May
55 %
15
,'
U ,8 And International .Securities
$5 1st preferred with
US Radiator common
245
__
54 %
10
1
common.....
1033/4
/ 56
101
$25
F-A
1957
coupon)
ex
Kansas
5% May
1% July
—
25
—
Specialities
—
40
*2
" "54%
.25
250
>.
•
104%
1955
Altalian Superpower 6s
Jan
2S%
5% May
..
250
-25c
preferred...-V
United
"
1941
A 7s
McCord
dep rets ord regis....
J-D
1941 coup)
F
A7s
United Molasses Co Ltd—
Amer
M-N
Debenture escrow ctfs
Isarco
36% May
203/4 July
20
20%
A
% May
193/4
193/4
57%
1101% 101%
1970
61
102
102%
'
Jun
70
A Feb
31% Apr
__
United Gas Corp common
157 %
"101
,
(Aug
J-J
1955
(July 1941
series
A7s
31
1003/4
..
A-0
series E
A7s
5% July
Jan
38 % Mar
%
A
Jun
Jan
103%
112
38
—
U02%
1102% 103%
A-O
C_
1
973/4
112
Interstate Power Co—
..
A
;
973/4
62
91% July
57% May
47/a
4%
•
common..,
93
..
50c
United
91%
High
Low
10
Sec—
Power
A6%s (Dec
A7s
142%
:
1949
Jan
series
A7s
91%
1958
M-8
Jan 1949
A_
ser
B
International
''
.—1963
33/4s
Indianapolis Power & Lt 3%s
l3/a July
67/a
January 1,
No.
24 %
J-D
1%
6%
Range Since
Sold
,
J-J
12
Union Oil Co of California—
$3.75 pfd series A
•
Union Stock Yards of Omaha......100
Corp__i
4..^.
28
Feb
6%
7'
Bonds
,
High
\
Finland Residential Mtge Bank—
5s stamped
.——1961
.i
-.
Friday's
1007/a 101%
1110
M-8
A6%S ex Nov 1 1947 coupon—.1953.
Apr
6s
Union
•//.f./Jf-/.'-/:
1956
RR 5s
&
Marelli Elec Mfg Co— ' /
A6%s with Nov 1 1940 coupon—1953.
1% May
6 3%
4,400
__
__1
or
Bid & Asked
Ercole
993%
Mar;
4% Mar
Water
Hygrade Food 6s
Realization
Sale Price
Low
Guantanamo & Western 6s
Ulen
Last
Period
9% Mar
—
Week's Range
Interest
Exchange
Curb
High
250
3%,
45/e
.
.
Low
64%
3%
__
Tonopah Mining of Nevada.....—...1
Lux Corp...
.......1
Trans
High
62"%
70o
30
/;/ BONDS
Range Since January l
.
35
EXCHANGE
ENDED
^
^
,
CURB
WEEK
FOR
(47f)
—
Wilson
Products. Inc
Brothers
.
9%
....2——.1'•
common
1
Woodall Industries
I
-7
Inc
.......
Woodley Petroleum—
Woolworth
(F W)
100
400
5%
5% preferred w w
.—.—25
Winnipeg Elec common
•
Wisconsin Pwr & Lt 4%% pfd—
100
,
9%
103/4'
5%
400
163/a
16%
23
23%
17
18%
Foreign Governments & Municipalities
200
oo io io
-■
175
J-.»
t.
—.2
;,/■//■ ,;v
—1
/."//'v././'
/;■ //' ,•/;/;//;
Ltd—
..
Friday
American deposit receipts
5s
6%
preference——————£1
Wright Hargreaves Ltd
7
7
BONDS
100
New York
1
•
KJ Sf
"2^
.
Curb
Interest
Last
Period
Exchange
Bale Price
4,400
Week's Rang*
orFriday^s.
Bid A Asked
Low
Bonds
Range Since
January 1
Sold
High
Low
High
61%
No.
65%
-
Agricultural Mortgage Bank (Col)—
A20-year 7s._
..April 1946
/^20-year 7s>--^
—Jan 1947
Sogota (see "Mortgage Bank of)
ACauca Valley 7s
^—1948
Danish Cons Municipal LoanExternal 5%s
.———.1955-
v
1
Week's Range, //
or Friday's
Bonds
Friday
BOND 8
New'York
%
Interest
Curb Exchange
Period
Last
Sale Price
Bid* Asked
External
*,r7
'
■
Low
Sold
/'AExternal
January 1
No.
High
Low
High
Appalachian Elec Power 3%s
1970
1033/4
103 3/4 105
28
Associated Electric
102 %
1953
100 %
100
27
14
96 "
99%
1077/8
102%
Fell
Telephone
—
Bethlehem Steel 6s
'
Cities Service
!
1960
110%
109 3/b
Jan
j- j
M-S
92%
93
81
92%
03%
95%
82%
,97,
99%
1966
M-8
105% 105%
104
1053/4
1958
A-0
1033/4 104
103
105%
1969
M-Q
100% 106%
105%
107
1977
J-J
82%";
at
1969
j-d
1st ref mtge 23As ser Q—^
1st ref 23/4s series R
1976
J-J
98%
1981
A-0
97 %v
2%s
it:
1962
M-N
1954
82%
84-
Consolidated
debs
Gas
(Bait
—Is
103 s/8
103% 103 3/s
98%
98%
€7%
102
98
98
106%
V
97%
1033/4 104%
101
r
100%
103%
109
112%
—
eVaS...
Lackawanna
of
N
J
1st mtge 4s ser A
64%
1993
44-%. -44% i" *
"
Aist mtge 4s ser B
■7
.
1993
.
/—
—
tW/ivV-
65
6
'
* • 10
>/-; 55%" 65
'
*;
29% - 46%
8
—
$12 Vb
14
27
84%
78
-
.
8
12
—
15
24
».
$24
»
381
39%
,
J-D
A-0
J«©
J*®
$30
t
Jf-N
■'
,
64%
>-*f
64%^
,,„
1
^
***
—'
133/4
14%
66
22%-22%
22%
1
2,4
71
56
1997
J-J
13%
2%
2%
2%
.
2/a
2%
33
*2%
**,.
64/b
o«
a7
-c
M-3
J-J
.
—
W
1919
.
i.
2008
1921
■
—
$42
$25
64%
—
—
40
,
$42
—
"
44^
^^
81
«»
2',
13% .15%
«
2%
^
3%
2%
3%
"
transaction (not Included in year's range), d ffir-lnterest.
•
year's range)
f Ex-distribution.
Jlv:
principai.
n Under-the-rule transaction (not Included in year s range),
r Transaction for cash
(not Included In year's range). x EX-dividend. y Ex-rights. "
*No par value,
a Deferred delivery
Odd-lot transaction
(not included in
V
Division—
».
•$51/a ~'7-
♦—
J-D
Government
39%
58
68
—
.
62%
31%
...
M^yf
•Friday's bid and-asked prices; no sales being transacted
ABonds being traded flat.
Z
IReported In receivership..
,
,
Delaware Lack & Western RR—
r
75
M-S
6%s stamped.1958
to^VaS1 (ser°AB~0D E)-
A5%»
115
City)—
/Gen mtge 4%s
,73
$68
stamped (Plan A)
ARussian
•78 ♦•• 88%
A-0
conv
$71
—
J-J
^
(Bait)— •" :
.1st refmtge 3s ser P
ft
33
61%
1
..
stamped——1953"
Interest reduced to 2%S—
-
1948
Debenture 5s
7i Debenture 3s
Consol Gas El Lt & Pwr
6 %S
City (Peru)
Parana
-
1954
5s
168
Debenture 5s—i___
/
$30
98% 102%
•
redeemed)
62
—
F-A
■AMedellin 7s stamped—..........1951
Mortgage Bank of Bogota— ,
A7s (Issue of May 1927)
1947
A7s (issue of Oct. 1927) -..—-.1947
AMortgage Bank of Chile 6s———1931
Mortgage Bank of Denmark 5s
1972
111
159
62
—
M-lf
1953
..
62
J-D
Maranhao stamped (Plan A)
Interest reduced to 2%s——-2008
103% -106%
A
1970
•
,
{Central States Electric Corp—
A5s (20% redeemed)
A5%s (20%
105
1998
Bbstdn Edison 23As
4,
105
108
of Canada—
:! 5s series C__——
,
>/4 100 3/4
102% 103%
105:
1955
Atlantic City Electric 3 %s_.__.___1964
*
A Lima
103 VB
4%s
ASSOC Tel & Tel deb 5%s A
—
162
-
Danzig Port * Waterways-^-,
Range Since
'
5s
A-0
H
during current week,
.
tire; "conv,"
"wl," when
1
*.
consolidated; "c^"cumulaconvertible; "M," mortgage; "n-v," non-voting stock;
vtc, voting trust certificates,
issued; "ww," with warrants; "xw," without warrants.
-
/ Abbreviations used above—"cod," certificates of deposit; "cons,"
COMMERCIAL &
THE
36 -(*72)
.
OTHER STOCK
WEEK
FOR
RANGE
Monday, August 2, 1948
FINANCIAL CHRONICLE
EXCHANCES
ENDED JULY 80
Sales
Week's
Friday
1
'■•Vvv'
:
■!'
"
■'' ;
v«••
■'-
Last
4»'
•
of Prices
Par
Arundel Corporation
z
1st preferred
5%
t c
v
15
,LOV»
1
2.50
1
2
Mar
5
Jan
131
12
Apr
23
Jan
A44,:
Mar
160
May
*
146
5
pfd_—....—100
97
97
15
97
July
97
20
20
17
20
Apr
22
Jun
:> 25
28%
Jan
52%
68
Jan
■77
' Jan
Co
Bruce
2
27%
28
190
50
48
48
49
290...;
1975
_L
48
48
..1975
I ■'—
49%
50
-Fidelity & Guaranty
Feb
44%
Feb
2,000
43
Jun
36,6o°
45
,Jup
,
Bros
.Castle
series
5s
."•Lrat
Transit Co
Baltimore
lu% Juiy
.1
13%
13%
13%
10%
10 %
5
60%
.2%
57%
57%
50
common
4s
A
—
Xt
200
10%
9% Apr
61%
300
45 Va
common—
16 '/a
16%
300
12%
100
Boston Stock
Exchange
Last
Chicago
Low
Bird
54
,
]_50
Copper
Feb
15 %
8%
Feb
10% July
10%
1,500
11%
12%
800
9%, Fen
64%
64%
150
64%Jun
Corp
*
10%
50o
common
12
1
:
>•
.31
450
Inc
20
*
s
52% Jun
39% Jun
Jun
2,131
36% Mar
38
460
13Q
25
20%
20
40% Jun
.135
Apr
17%
270
July
57
Feb
30%
125
Jun
158%
147% Mar
469
36%
preferred
42%
41%
Co
Service
Co
Feb
Jun
1,643
1.15
July
127
Mar
36%
Corp.
Boston Herald Traveler
23%
18%
19%
Apr
470
22
July
28
335
32
Feb
48
Apr
Jun
Co—
Common
"
5 Vc
.
.-rr1;.'*-t.-;,
'
&
Boston
V
•.
Jan
5%
.325
210
10%
9
10%
8%
9
Feb
V; Apr
.
10 % July
•"60
5% Mar
11%
145
7%
17
16%
17
580
13% Mar
18
Jpn
61
61
62
.100
34
Feb
66
July
8
300
32
Feb
56%
25
25
26
25
26%
28
28
63%
6% Mar
50
Jun
7%
;^.pr
/
28
•
-
-
Doehler-Jarvis
of
Fox
Mar
'•
'
:
100
3%
10%
:
!
,
10 % Jan
!
8% Mar
V Tlun
3V2 -Jun
40
29% Mar
2%
Apr
9%
50
100
IOV2
14%
—
Inc
15
Jan
8
12
1%
8
100
9V2
Jan
Jan
<
Mar
11
Apr
19 %
Feb
7%
50
12
12 -v'-
;
p
16% May
13% Mar
300
12
...-JO
common
1
;
Dir^dge &'-'''>;,fi'"!''
America
Brewing
(Peter)
25
350
9%
3'/4
—1
Dock Co common——
Mills
July
10
39
,Jan
J20% May
30% July
May
25
36
36
36
_5
...
Goiip! fclass .A—
Fitz Simons & CopnelT
Flour
25
■
x8%
Corp
Credit
Domestic
100
2,990
■' 7%
1
com,
7%
•100
-
\
62%
62
63%
400
•13%
13%
300
*i9%
10%
64V2
13% July
jun
<14 V4
50% Mar
13%
,10
73/i May
■6% Mar
-
Utilities
Public
General
.1
10%
Goodyear Tire & Rubber common.—"'
43%
Bros
Lakes
common
.
Dr
July
Dk
-
•
-200
.
300
•
10% Jply
-
10
Mar
13
v
May
39
Mar
457/a
Jun
-
"
■,
150
16% July
15%
17 V8
16%
850
10%
16%
common
17%
16 %
common
&
10%
43 %
Feb
7%
2,650
10 %
43%
common
(W H)
Gossard Co
Great
Co
Refrigerator
•
10%
450
-
•
18 V4 May
*•
Feb
18
May
9'4 Mar
12
Jun
"
11% July
Jan
1
Hammond Instrument Co common
Hein
•
100
Prop
July
80 j .Jan "
115% Mar. ;
9% July
9%
11%
8'
—
•
Trust—
Providence RR
Personal
Boston
8%
8%
10Q
8% .cl B 1st pfd stamped.——r_100
7% class C 1st pfd stamped—'
100
10%
ql D 1st pfd (stamped)
100
1st pfd- stamped
class A
5%
7% July
5V4
10
7%
Jan
5%
•
7%
•'
j
Mar
13 /
.July
25
—A.
"^rT; ;■:'r
'"V":
Goldblatt
prior pi eferred ——„
—100
cl A 1st pfd unstamped——100
.66
July
lio
7
(new
'
Gthcon
Boston & Maine RR—
7%
1
.
Mar
45
44%
355
23%
22%
44%
•
70
70
7
General Motors Corp common
•
Jun
43% May
Feb
19
-18%
-100
—
,l:i 0
54%
common
Dodge^MfgvCqrjj^
Jun
21%
Elevated Railway-
Stamped
May ;
\14%Ma>
Feb
73
112
72%
112
10
common
Products
Alum
General Finance Corp
Boston
>
7%
200
-r
107/a
10%
10%
_•
*
—*
—;
Four-wheel Drive Auttfchtii,:
215
J25% 127
42
25
Edison
Boston
126%
RRd—__—..lOO -
Boston ;0t Albany
,
Jan
10%
14
10%
pfd
conv
common
200
.
Jun
Jun
6
13%
W .util
Consumers
High
t
48% July
37V4
57
129
pfd__100
6%
Carpet
71
53
17%
15%
38
4%
35%
Coleman (The) Co Inc..
^:'-C36
39%
153% 154%
153%
-
•
48%
38%
.100
Tel
Woolen
Son
&
Jun
;
Apr
4%
35%
Commonwealth Edison common
Low
,
48%
•*
.—100
Cities
High
•
Agricultural Chemical
Sugar
Refining
American
.
Jan
3%
50
1
Convertible preferred
Club
.(or Week
Shares
Range
of Prices
Sale Price
Par
Bigelow-Sanford
■
■
8»Ies
Week'a
Friday
,
STOCKS-
&
3.4
97/a Mar
10
111 Secur Corp
a
16%
common
Convertible
Tel
66 % iJuly
May
12% Mar
12%
1
10
Chicago Towel Co common—
American
Anaconda
'
Feb
(A M). common
Biscuit
& Co
«»
—
common..
Chicago Mil St Paul & Pac vtc
American
]
11% Jun
26
-
Amer
-
May
15
9V2 Mar
500
,
July
13% May
»
—
-
•
common
Ring
Piston
Butler
Central
BONDS—
L)
(E
Carr-Consol
S
U
32
350
Jun
—
Casualty
Amsterdam
New
500
-•
Corp_^———,10
Borg (George W,)
Borg-Warner Corp
Burd
—
_
36
July
>
12%
'.
i
V
Low
,
33%
—j.
1
Range Since Jannary
j.
11%
•32
July
.10
":te, —
Realty Co 6%
Guilford
High
'
Jan
16%
146
Fidelity & Deposit Co
Humphreys Mfg
Shares
12
bciguofl Brewing Coip
Binks Manufacturing Co capital
High
/:
Jan
13%
16%
2.50
•
.100
Range Since January
,y
590*
15
for Week
Ldto
JBendix Aviation
Shares
HW
14%
15%
—
Co com v t c
Baltimore Transit
Low
14%
Par
(or Week
Range "
Sale Price
STOCKS—
Sale price
STOCKS—
Sales
Week's
Friday
Range
of Prices
Last
Baltimore Stock Exchange
Werner
Hibb
11%
11%
2001
9
55%
•40
,52
Mar
3%
100
3
% Mar
13%
13%
150
9% Feb
-..^,.1
.Hupp Corp common
11% May
Jan
55
3%
common.——25
11
55%
Corp
Spencer Bartlett
.64'/a
5
:.f
Jan
;
May
>
'
Calumet
6%
Heda.—
&
Service
Cities
10
—'
—
60
6%
6%
Feb
8Va May
*
55%
'
57
130
31%
Feb
64
14
—
Copper Range Co
14%.,
200
9%
Feb
16 Va May
%
Jun
JllinoisBrlck'Ch^
6%
preferred
.—
___i__._
B
66%
83
66
10
72% Mar
Jun
81
30
83
66
66
100
100
Feb
V;,
' Apr
93
Katz
Keiiogg
Lines 4nc
8S
General Capital
19%
20%
*-"•725
19% July
57%
57%
58%
87
32%
Co
34%
321
427
4
32%
7*3
1,392
27
38
44.85
40%
44.625
38%
—
—
26%
,49% Mar
Corp
Razor
Safety
lf>%;
•
i,
General Electric
Gillette
•
common
Stores-—
National
First
.*>.«
Feb
46. 35 Jun
31% Mar
42% May
?8
Feb
22%
Jan
30
Royale
Maine
6%
:
Copper
200
3 %
Jan
471
42%
Feb
ry'frv -.t'-'-'f
Chemical
Mergenthaler
4
57%
58%
July
4%
Apr
60 % July
12%
10
12%
Feb
13% May
—100
56%
52%
59
-885
31%
Feb
59
37%
39%
>
-70
28%
Feb
39% July
51%
51 %
51%
10
41% Mar
9%
9%
10%
700
9% July
13%
Jun
18
18%
255
14% Mar
21%
Jun
30c
30c
500-
25c
54c
Apr
Corp __'.J—__—0
*
Lintoype
(dwltcnboard
i
New
13
-1
England Electric System
20
England T.el & Tel™-——.,,—100
national -Service Cos
New
1
5
—
__
912
91
6%
July
54
.
*;
?
Jan
Co
Feb
22Va May
...
45
July
1,200
3%
11%
Apr
13%
July
6% July
Feb
73
6Va
14%
..
Feb
Jun
7% Mar
6%
7%
75
5%
14%
14%
510
13%
16%
222
11% Mar
18% July
Feb
17% May
15%
a
com—
37%
13%
~
J3%
37%
40%
,
11%
20
15
5
40%
~
•
United Fruit Co
__
Machinery
25
f. 52 Va
-■
.
39
rSystem Inc
Westinghouse Electric
14%
-12%
'27%
42
Jan
58% May
52%
/
62%
Jun
Apr
20
29%
38%
Feb
40%
Apr
40.,.
'27%
•
13%
Mar
15%
Jan
Feb
33%
Jun
25
365
Week's
Friday
Manufacturing
Modine
Sale Price
:
Par
*
,
Of Prices
lots
Advanced Alum rnstinga..
jr.,*-- -.5
•
AOHed Laboratories common
100
American Tel & Tel Co capital
North
Asbestos Mfg
rRa»j:*Slno«, JAbnary l
Washer
Automatic
Avco
common
14%
100
5
24%
100
5
25%
153% 154%
T."
1,400
2,200
-
14% July
50
13%
Manufacturing
Barlow
&
6%
7
3%
3
3
...
i,.'
6
Mfg
For
Co
Co
common
common
footnotes
see
page A2.
v'V
6
Oak
Bancorp
10
8%
1,100
-
19%
Feb,
!'v
j
Jan
10%
15% Mar
Apr
.
19
200
16% Mar
21%
300
44% Jan
74Va.Jpn
if
24%
25
500
22% Mar
29% May
-"-i
10%
9% Mar
100
10%
10
-9%
-400
a
^•7%
450
10%
Jan
Jan
13
10%. Jup
Feb
11%
7% Mar
Jun
-15%
4
,
r
100
56%
300
48% Mar
10
28% May
29 Va
35
,35
36
28
28
28
22 '
22.14.—
19
19
3%
26%
?
common—
—2%
Coal Co
.—1
-10
%V*
300
100
11% Mar
1%
34
•/...:
17%
'i5
Jun
','}$% -prior preferred
§ virv;t
f
Schwitzer
Sears
3%
•50
•3% July
6V2
1,100
100
•'
?
\
-
'•
1
*"
•
capital
Cummins
Feb
34
34%
150
32%
17%
17%
350
16% July
40
20%
Mar
Jan
{
__
50
27%
12%
.
37%
500
1
100
12%
i.36%
38%.
12
1,200
12%
33%
12%
750
26
12% May
Feb
32%
32
12%
14%
1,350
11%
26 %
27%
2,400
lp Va Feb
7 Va
7%
600
26%
27%
250
.33,
33%
120
1
Lathe Works .capital——5
Clothes
common
•33%
Stockyards capital.——"i*
^'"sf
l t,s
Dredging
?.'V
1
25
3%
common.—
Container
Corp
14
Co
350
10%
51
14
Vk
25
Jan
28%
30.
JCan
35
9%
200
,7%
200
5
12%
12%
—.25
33%
33
33%'
600
1,500
53
35.
1,
;
36%
,30% Feb
21% Jan
15 Va
15%
15 Va
100
15
58%
58%
1Q0
52-% ;Fab
300
27
July
,37
320
44
Mar
,48
...
Jani
,39%.July
42
i
July
28
46
46%
39%
39%
41%'
-*
77%
So La Salle St
■*
Corp
common
j,——±-rr—
Westinghouse EHec & Mfg com—12%
Wisconsip Bankshares oommop.^.—J*
Yates-Amer Mach capital—.
-*
1
77%
10%
13%
14 .x
,
.60
300
28%
10%
200
79
28%
10%
1,000
May
66%
--•■
63,
25% ;Fe.b
.Mar
10
200
Jun
'
Jan
^
Jiny
;Jpn
Feb
400
11%
Jan
14%
12% July
Jan
:
;
f
I
•.*
Stoojks—
Alleghany Corp
1
Air Lines, Inc————_—1
Anaconda
Jan
58%
27
Armco
\\
May,
4:Mr July
.—...25
common.————2
27%
" Unlisted
I
9% Jan
V
:Jun
deposit—
Union,Carbide ft Carb capltjil (pejf)—•
/
Jun
Jun '
1.6% May
7% Feb
•
Aor
11% May
Feb
27% Mar
12
Jan
July
'V3%
2% Mar
12% Feb
32
46
8 Steel
8'A
37% .Feb
12'/a
Jun
32
Mar
6
.-600
30%
(The)—.——
(The)
14V4 July
Feb
100
•
*
ft Co capital stock.,*.—
Trane
1,400
10%
48%
COtpmoh,^—il
Co
3%
10%
48%
5
Corp
com
34% July
Mar
"
common—:—.—J20
Forgings common
Standard Oil of Ind capital
Standard
Mav
42
.-»K>1J
10 Va
Jan
15
11% May
32
7% July
-
6% July
150
Jan
31
Jun
26%
Brand
May
6V2 July
Feb'
4%
100
■
22
Feb
16%
5%.
28%.
6%
6%
May
24% May
•
*
5%
28 %
*
——•
$
208
20'/a July
common
Oil
Bend
South
600
19%
19%
19%
2,000
-
1
St. Louis Nat
i;r/v.v
23
•
American
7% May
May
10
Jan
Steel Strap
Corp
Signode
Sinclair
Society
1
*
American
17% July
10
G%
common—I
Apr
Feb
Jun
May
i
common
Prod
Jan
Jan
.4%
19
7.Vi Mar
650
1,600
Apr
Corp
Corp class B
Shellmar
4%
16
17
9%
; ;•
22%
15
10
9%
22
common
Roebuck Ai Co ..capital.—:
Serrick
;•
22%
.25
—
—50
1
—.10
RexallDrug——.2.50'
i8
;6% July
.1
35
]}
37 Va
Mar
19.% Feb
550
-
Mar).
26
50
Jan
May
32%
150
9
9
Pennsylvania RR capital
Rotter Co (The)
Rath Packing
V0Maf
2V2 May
Feb
150
.f.l
9
—
—5
common
Jun
158% Jun
Jan
'j
6% May
Feb
21'A Mar-
-
.
common^...
?;
64% Mav
29
"
U
,148 " jMar
May
30
Feb
22
27V4-"'
54%
29
27
54%
*
common,
Manufacturing
Peabody
15% Jun
Feb':;
\
17
5
•
Belden
13
2%
Ccrp.^
Seelig cla:^ A conv
Basiian-Blessing
13
zA_
200
,9%
common.^—„—10
American Car common
.20
jNupn pBush Shoe
High
Low
High
-1
Co common
Athey Products Corp capital
16%
69
*
common
Swift Internat'l Co Ltd ctfs of
JSbttw
14%
6
25%
153%
..5
common^.
ft 7% May
64%
10%
Standard
Northwest
Swift
:
Co
11% July
Feb
19
10%
.
Sales
vl3%
14%
Corp common—...
&
Jan
6
19
_j>
Muskegon Mot Spec dates
Texas
Armour
6%
24%
Stewart-Warner
Chicago | Stock Exchange
M^fg.
9% July
700
•^50
9%
9%
■
(J D)
if:
500
6%
16%
—1
Montgomery Ward & Co
Corp common
Sundstrand Mach Tool new
Aamiral
Jan
9%
10%
6%t
•
Sunbeam
Adams
14%
9%
64%
Marshall Field & Co common
Mickelberry's Food Prod
Middle West Corp capital...
Miller & Hart Inc common vtc
Stone
STOCKS-* V
■'V
10%
10%
__7
1
Libby McNeill & Libby common
.
;1,
Jun
'
a
1
*
common
Lincoln Printing Co common
Lindsay Lt & Chem common...
Standard
...—
Corp
May
48 % -Feb
650
•
39
~
•
Waldorf
-
14%
25
_—
55
41
35% Mar
2,043
54
54%
53
—
common.
15% May
.34% Mat:
145
'
,
Feb-
329
_
.
preferred
45
1,200
6%
Union Twist Drl
Shoe
16%
761
19%
45
Apr
44% July
Feb
14%
•
16%
6
•
Securities
Elec
Torrington
United
19%
85c
'Feb
Jan
_•
—
Assn^^._.«^i^:.r^.i»
•
■
May"
A.r
-.2.50
Inc
Webster Inc
Suburban
88c
30
13%
Drug.
&
600
408
6 Va
Reece Corp
Stone
52c
44%
45
—25
-
12%
96
.Mar
42%
19 V4
1
Co.
Qulncy Mining Co
Shawmut
285
51c
—50
——
10% July
83
1,246
427/a
—
Pocahontas
Creek
ftexall
11%
92%
July
s
•
Mills
Pennsylvania RR
Pond
10%
91-
10%
Mining——2.50
North Butte
Pacific
-
—
-
„>_<
Death .•_& Co
National
Narragansett Racing Assn
Nash-Kelvinator
i_—.
..
July
23% Mar
34 Va
30% July
u<u
——100
.Central RR common
preferred
—
Mathieson
15
15
•
Co
Copper
Kennecott
i
—
Mach
Hole
Button
Int'l
Isle
%
common..
42
j„n
1,600
29% May
38.90
y.: •
•26
26
Jan
59% July
Co
20%
4J0
22
32%
16% May
Mar
28
400
38%
21%
30%
22
Sajlir Extension Chlv common—5
La
Eastern
Drug
(new)
Harvester
:v; "...
A——_
1st pfd series
37%
37 %
100
•
Pneumatic Tool com
International
6%
Ry-^
Street
Eastern -Mass
iapital-^^-^-—?10
Illinois Central RR common—:
Independent
13%
Copper
Steel
Qorp
50
Mining
—
3%
3%
7%
.7% '
300
,7%.
700
400
12%
200
30% Fob
14%
36%
36 V»
37%
"■■■I 4%
May
-9%
>
Jun
7% July
26%
10
Atchison Topeko & Santa Fenww..__IOO
Bethlehem Steel common new—
•
2% Mar
"3%
15%
15
Radiator & St San com
16% May
Feb
if
41
May
Feb
32% May
117% July
110% 110%
ioo
92% Mar
35%
200
30%
,
1
35%
35%
Feb
37%
Jun
"(
"VolUiflfe 163
THE: COMMERCIAL -& FINANCIAL CHRONICLE
Number .4721
•
37
(473)
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDED JtLY 30
*
Friday
Sales
for Week
Week's
Range, /
Last
of Prices
Sale Price
Shares
Range Since January 1
'
Low
jpaclfio By Co-
Canadian
Certaln-tebd .Products
r
15%
15 %
;
16%•
16%
—25
"«.*i——**—1
15
Low
16'/.'
"
"700
16% -18%
•
15*
"July
14
*r;"400
Inc
WATLING, LERCHEN & CO.
18% Jun
.19% May
10 V4' Feb
(The)—,—•
" V__
^-*-—^—"
12
Curtifis-Wright
High
'
Mar
Members
Columbia baa System
Continental Motors-
High
;
<—■***
—
6%
Farnsworth Television & Radio——1
General Electric Co
•
9%'
.9
9%.
,
39
,100
\
New York Curb Associate
Detroit Stock Exchange
Chicago Stock Exchange
16%
31% Mar
200
New" York Stock Exchange '
12% July
5% Mat
:
10% Jun
Jan
400
39%
14% Jun
"/'
Feb
4%
1
——
•;;"3%.: Feb
July/: '
42% May "
ford Building
;
DETROIT
•
Graham-Paige
6
Motors "*—/ /v-4/[:
Light--"i.!i.—4 ^"
\
:
'J '*
/'
<.'•:
•
i-
17%
•
r-;
16%
10
i
■
■
■•-•*'■
•'-<
■
k.<f*4
v^!i
Pepsi-Cola Co
-
o
Jan
;
6% May ;
•
>
Telephone; Randolph 6530
■
f.
5
•'*
■
...—.33%;
12%
500
.
9%
Jun
18% July.
Feb,
4%
100
..
21% ,:2l%"
'?•
21%
14% Mar
;t
1,300
!
I6%"Jani!/
v^'
'
'.,
9%
Feb
18%:Mat:
-
Detroit Stock
"
5% May
liy4 May
^'8%;s Feb.
200
26%
,
May/..;
Friday
'<'
13%
i>,;
J«
Radio Corp
of America common
Radio-Keith-.Orpbeum
—1
Republic' SteeL' Cprp oommdn^..——•
13%
42%'
13%
.
4The)^eominoii^^cl^»L*
"
...
.,y'*;■>
;;^e>Fuxe, ;M(l,
.5%
Feb
14% Mar
•
A
400
'
':17%;:
5
,
4%
"
200,
•
,."
__
Pan Amer Airways Corp.
i-2%
Paramount 'Pictures Ino new • conr
Jl
•■■"...
17% -:L9'
17
B
_•
.
1:, %.•(,•«»•.
4 '.M"p.:
-ipn
Packard Motor Car-.
'6. '
'
Nash-Kelvlnator <Corp •
New York Central RR capital**
North American Co*—,
"
"4
4
Laclede '• Gas
•
42%"'
36%
•
■'
100"
:36%-
23% Jan '
13V4 July
600
.
?
300
42% July
45
•
•"X25% " Pen
-
May
STOCKS—
Jun
42
'
•
Exchange
.'•Week's
:'';v
'
Sale Price
'iWiliii+P
"
'■
Sales
•
for Week
Shares
Low
Par
"
,v!
Range
of Prices
iSVl
Range Slnee Jaaaary 1
High
:
tout
•;
■
High
\
'
12.
27%
;2,100
Feb
8
160
a
23
7%
2"!%
AlferTRieOtrld'
15*
1
12%
27%
.12
Jun
!
-*?•: iv/k M&yV;
Feb
Feb
31Tb Jun
.
;i
-
2%
AmericansMetal Prod common-—*_,__2
Baldwin Rubber.
*—_1
Brown-McLaren
2% Feb
130
100
9%
9%
1%
-----——1.
—
2%
24
,24:
1%
19
5% Jan
:
Feb
26 %
:
Jun
220
9%
July
800
1%
Apr
a7/e May
16%
"""456
12%
Feb
17%
21 %
.,.182
,
100
21
8%
5%
1,400
21%
3%
2,328'
.
Jan
14
'
BOcony Vacuum bll cm
Ihc--—-^---15
;
19%
19 %• "20%
—
*
Standard .Oil of'N
25
Standard Steel iSpriny--.————---I
80%
82%.
14%
14%"'
' 14%
•'
"14% Feb
"69 % Feb"
1,300
300?
•
100
•"'
•:
2h%
"•
" 600
"13%;"
1,300
common,-:-. :, :
•
>:I-
■
•-
; .yy
.
■>
•"
r
v';%
400
?
■
13% May-
K
17% May""
'-f: :.)■.•
•
■.CTekk*»•■■'•-Sales:
Range1
for Week
Fvlday-:.
Last
-
■.%
Xtaeticari
Baldwin
*nfUX'
Gas? &Eiec
Preferred
lifow Drug
9'
9
5%
29
96,"-
—L.
•"6
100
-Mar.
.8
.
,
.
;
23
.
•;
6%
6%
2,110
5%
1500
83
93
5
/May
260
8%
,"...73/.i. Mat.
17
19%
19 Vi
150
22%
/Apr
; 7
35
:
\
.
Feb
Apr
13% July
2%Feb
3%
Jun
3
Feb
'4Y4
Jan
6%*
Feb
6% May
Mar '■
.1%
?575
5% May
"
400
1% Mar
8'/4
35%
33 V*
431
Jun1
15
U
.
Feb
Jan
1% May
37% Jan
'
35%
Jun
13%
14% Feb
7
Feb
8% Feb
•'425
7%
10%
9% May
8% Jan
4
.100
,
1%
,"3%
; -2%
/:
2"
2%
.
-
5
-——*
.
6%
Mar
4%
33%
'
r *
Feb
i ,"350
:
i;481
%
X 'A■' • "■X.';
"4
3% July
■325
Jan
6% Jap
."'l*//,J
8%
*Jan
.
5V4 May
'■.^•vv: j'
10V4
10
/4%
Jan
2
17'
•
Feb
98
797
"/.TOO
3V2
3V4.
..
Feb
4%
Jan
2"% May
2% May
July
250
28%
.
/:4*%
10
—
:'l%
5:
28 %
28%
—*!2;'S-,
W)
River ' Raisin, Paper
Scotten-Dillon
2%" July
1%" Feb
3,825
"
5
3%
Apr
;</25o:*~" *13%
1%.
14V"
13%
13%:
"/.
8% Mar
35% May.
'
120"
1%"
'1%'.
l%
10
--***• v
•;a
.
1,115
.
'3
"
'
Parke
n'
300
3V4'
1%
l1;/;
.—-V/:
Motor Car:
Ricket !(H
8
Jun;
3% July,
loys Mar
"
'
""*«•
Davis
!! : '—**—*—
Peninsular Mtl Prod -common!!— —_1
*
Jan '
8X;-.; • Jan"'
;
,
,7%
—T
McClanahan Oil
Packard
Jun
102% Jun;-
"
31550
.
10%
'
29%
Jan
351
r
15
15'
_*
Wines
Screw Products*--**!—-.
Masco
"Jam
6% Mar
8%
Jan
Feb
10%
Jun
8%
'
24% Jun
Sheller
"
Manufacturing
Superior .Tool & Die—*
—
Timkeh^ettoit
!_'*
15 V4
—-1
;3%
20%
3%
15%
3%
";u'
—
Axle
i*_
—
20%
j
140
12'
Feb ;
*16%
Jun
550
*
3
Feb/
3M»
Jan
10%
'255
10%
:
10
^23%-Jun
"
Feb
12
Jan
*
—,4
Investment
Radiatorcommon"—
s.
"
'17%^*'
192'
•
'
\
1
Union
U
Little Miami gtd.
——5;?
Udyiite"Cdrporaticui *_!_
Kroger
Proictor
*.:520
3%
21%
4?% Apr
«.•
■_*,
Common.-
Lunkenheimer
8%
:s 5%
common,.
Lansing Stamping
6% May
Feb
20% Mar "
.
; 8oo
Co?p
MurrayCorporation——---—
^84
i
21%
21%
3%
8i
.May'
Sn
5'"' Mar
Jun
:
26%'Jun'
'
Jun
6%
Mar
,
,,, „,
Hatfield-Campbell,common
Hobart; Mfg Co
.29 .;
.
.
78
21
,1s l„%
Feb
A
98
8
j——!!*..
fUbwm Art.
18
32% Jah"
19.
Apr
Jan
i&w '
7fr,
—
common—^11//—.//;*
Ejagle-Pi'cner,
Formica Insulation;
14 V*
"(
(,29
//".I
Bell, Tel—:.*
173/
..
Feb
-
10%
'
-
••
4
"336
12%
3%
Industries,!,,,.
Brewing
LaSalle
common;.
Cincinnati Street _1
29%M!ar
250
23%-
.5%
■
23
Mar
6% Julf'
200
12%
2%
Howell "Electric Mo|orsH-r_—1
Kalser-Frazerv---,—
/*/>-■■;•
Bang* Blnee January 1
235
>,/.
18
23%
Paper & Fibre "/i"/.
Churngold Corp
*/_;
T"
Cincinnati Advertising Products^
dhamplon
Cine & Sub
-/
*
.
iijiL
KinseL'Drugv-——-X—————1
Kresge Co (8 S)_l_
,10
31""f '. "
31
_—,*_.
18
jdihcinfiati
Goebel
t
Maclu
Laundry,
".
'
Gth-ity-Michigan
*/•;
y
.;
Wood
3%
Brewing 1,__
HQudallle-Hershey.
Sale Price-"" of Prices- Sharer
if 21
20, i
Detroit-Michigah stove
Elebtromastei;. comthoh
.
..
5%
.
Detroit (Gray Iron_,_l___.——1
•
Cincinnati Stock Exchange
"STOCKS^* * < *!frf t
8%
Jun
<V
;
Detroit ^Edison
•
:&"3%-May://
Gar
' *'
21%
,lV.-
•*' -
Cleveland Navigation——-5
Detroit'&
.
*f *
f.
'.
ri
Prankenmuth
•
1—____,10
1
-T/:
"m
,X\-j >>"■-•)
Jun
29
Feb
91/4
.2% Feb
12% Feb
,15%
Continental Motors
"
^
Paper,,1,
Consolidated
,
15% Mar:
1B%' Mar.
500
:
14
-
3%
,14%
3
14 %
f.
•-
^.
i
Jun "
9-1-iv" Jun
-
»•"'.s
Corp
Wfl80n" & Cof
.
!26%f:
13%
.
United
23c"
11% Ffeb'
r--
Studebalcier Corp5 commbau——1a—
t \ 25 %
Sttnray •. Oil :':Corpi.-iiCiV-—v.v-.'lS %-
Burroughs Adding Machine,—
i'Li-'i'
8%
6%
17%
" —*
17%
16"
16
"400
:
:
6"
Apr
67/8 July
Feb
18% July
'
13
275
.
.
._!
.
""
1
Walker
8i Gamble
Co-"*!!-—"i—_—i_
it
Warner Aircraft
Wayne
Rapid: Electrotype
Screw
T"
.
1
'boo
15% Mar
1
2
2
■
2:#
i%\-
—1
Products!—
(<•> >';:/•
,
"
1%
1% '
600
1%
1%
16%
Feb
700
'
Apr
Jan
2V2 May
*
2%
Jan
1
9 8 Printing, c^ihon*—
'
il----—-—
Preferred
Friday
Cleveland Stock
Friday
Week^s
;
■:y".*w-4K•*
Last
etPrices
Par
American Coach
&
Body
_5
i—i
American Tel & .Tel (Un)__
<r-
Low
a
v
-
jK/'\v
v
-,'j
Irpn common
r
f
pc
•
17
Cleveland Electric Illumin com_„.
Cleveland? Graphite Bronze (Un)
Consol
Eaton'
Natural
17./: 17%
'
Electric common
common
'
Feb
-75% Mar
*
34%
26% May
a44%
30
1140
17% July
81% Apr
Feb
47%
Feb
65%
Jun
78
Feb
89
Jun
43
May
65
31% Mar
411
50% Mar
90
2L
Mar
10
47 %
Mar'
•
i
-.|
% 69
_,
,
42%
35
25
'Sr'1
"
35%
•
•
12% July
20
r
-155
-
a47%:a47%
.
35
22
50
23%"23%"
j
-
38%"Mar "
81
..
13y4 :i3%
•
Laughlin Steel (Un)i__
"
a43%
30 :.;v30
"42%.
—
:
■
Bill..
*
Metropolitan Paving Brick-**!,.--\
*- 4
'Z
i f
National■ Acme
.-«r
VhArS
Ohio Oil' (Un)_l_
% '
i-4,
./.»;%
Packer Corp.
v
,
.
A
'
I
5
v
.1
' i \t
"t
l
National • Tile & Mfg__4*
•Ohio .Edison common,,,
? *
12%
12%
class
!
64'
1
33
"
Mar
^
Republic Steel (tin)*—
Rlchman Bros a,*-'Standard Oil of Ohio
*
:
:
>
--
"•'•25'"
-
x
*
-
'
44'
Electrical
I
"
.
<r
?
34%
*
.
!
56.
y{
;4
36
37% July
.
Feb
24%
Jan
.4% Mar
,
,
.
30 %
"ti
a28% a29%
44.
44%
.
Corp
Development
Holly
8% Jah
Jade
!
!
•■I.
Gil
..
.
42
97
370
143
S
Steel
common.
fUn]f_
'•
* -■
Vlchek Tool
For
footnotes
;
'
;
a79
a79% ;
10 " "TO ,.
.
13%
see
page
42.
83
10n v '
13%-yr-v^
'
.67
28
"
iV'
f -'.'.v
Jan
15
Jan
34% July
Feb
Feb
38%
"
20% Mar
13%
205
:
.,
31 y«
Jun
Jan
20% May
Feb
54% Feb
65 y«
16
20% July
Jun
.7
6'/a
■
\
%
10
63
all
4%
15%
11%
a20c
L55
15
i>,c»0 0
*r-~-—1
27
27%
10c
1.30
1.45
1
21%
22l/«
Ooihpany—^—1
1.20
1.30
Corp
/-r
V
—
v'f
,
^
20c
8%
:
City
"
A.^
Lines Tnc_,
Nordon Corporation Ltd
Aircraft
Oceanic Oil Co—
Inc,
,
*^%
Jun
Jun
17% Jup
1.70
15
i
Jun
Feb
34c
Jun
i
Jan
45
Jun
61
Apr
20%
775
Jan
30
Ant
1.60 July
T.lOMar
3,035 ~
975
-14%
{Jan
600
»
Jun
18% Mat
Jj^
Feb
90c
2%
1.45'
4%
Jan
,1
»
7
1%
-450
24% Jun
^
100
3,
Jan
1,300
1.55 July
Feb
1.80
:
95c
.1.30 Apr
""3% Mat
:
Jan
3,475
4%
,
1.75
>X
i.;
2%
1.35
^ti¬
246
:
.5
.
Mar
16c
nt
4,800
1
11%
11V2
275
6%
Feb-
1
2.60
2.80
10,125
1.95
Feb
Jun
July
9
'
xv>
;
May
24c
6% Mar
1
•
1.80
1,05 Mar
15c
'
July
i
———1
Oil Mng & Dev Co—
1
>
45%
97 %c
500
1,077
—
64%
131
10% July
Feb
2,670
^
a?'**''
463/i
Co
Feb
15% Mar
25 '
10%
10%
Mar
Mar
10% July
1.55 Jan
-50
190
46
,1
5
Jun
"
1.50
Monogram Pictures Corp
Northrop
*
20,650
:
1
>«
Corp
A
Mt Diablo
•
12%
a23c
Jan
Jan
39
35
•
,15%
;ll%.
•
5 VB
18%
i5%
i.—6.66%
14%
95c
11%
51
759
!
•
all
4%
18%
Jun
92
63
'128
128
Jan
30%
5% Mar
"90(i *
12%
21% Jan
12% Apr
60c
Feb
•380
a43% a43%
*
V4'. May
47% July
Feb
9% May
10,550
;
Feb
5% Apr
29%
25
85c.
•
9%;'- :9%
Menasco Manufacturing Co,
--,1
Merchants PetTolfeum Co:..—-—-!-i!l
:'ij
75c
'
1
"Lahd; Co—————
Aircraft
•'
'
13%
13%
''■■■
"
-'90
a26% a26y8
10c
Petrol«iUB^-<3<r
Mascot Oil
313
"4,580
3,267
1,000
County
Lane-Wells
4
19%
6%
47%
al0% al0'A '
petroleum Corp—10
Kaiaer-Frazer
!Kem
National
tr
Van Dorn Iron Works,—
26
13%
10% Mar
75
19%
,5 1
■_!
Co,,
Co
Lockheed
145.
,
600
1,970
t-.
Feb
532
'
26
47%
Independent EkbloratiOh Co33%C
in te rcoast..
Jun
July
"
7% May
6% Feb"'7%
..
Mar
•"•»..- .;;y
;
17% al7%
>•
common-^—*
Hunt Foods Infc.xommon
rs'i).":!: 1
15%
20
a60'/« aG2%
a60%
i____4
Hilton Hotels
Lincoln
....
35,
Corp
July
29% Mar'
15% July
31%
25%
a
——500
Motors Corp common,,!
Goodyear Tire & Rubber Co common
•/
Jun
Jan
200
1,040
11%
Jan
15% July
2,360
a36y8 a36%
25%
20
General
.10,.17
?
Products
Hancock Oil CO class A
202
.
a36 %
Gil Co Ltd class A—1
Farnsworth Tele & Radio Cqrp-———1
.
Jan
Feb
10
.
25
4%
a29% a29%
10
Colorado'Fuel & Iron pfd
1
Jan
48
11%
Exeter
Jun
-
7.
9%
3T%
31%
Ceitaih-teed Products Corp ,i,i:
l
CbryslerCorp———i—i———2.50
'»
al9% al9%
-.
325
1,150
•
a38% a39%
,—50
c„___
.
,a33%'a33V(ii,"..
!'-• '*
^-* v'
common
5
4Va
-
'
:
;
Pennsylvania RR (Un)c—_i.*:
■9
*
---i*.
Dresser-Industries Inc
14% Feb
31%
25
a26%.a26V*
:
-
;
7
1
Jun
10% Feb
vK
2
77MiC
1,640
•;
•
Consolidated Engineering
—_T
Consoliadted Western' Steel Corp com,1"
Creameries of America
1
May"
39
25
:
.
30% ,30%
t
^
• %
^
■
a
Hudson Motor Car Co
615
13%
-:s( -
•
-.vr-
k-b
'
28%
■
28 v May '
1
Gi
'
"3 47% Ma?-
Mar
40% Mar
a34%.a35%„.
Lftmson,& Sessions,
(A
15%
*
Jun
'102
62;$
a 43
—
5
Rayon (Un),
Steamship
15%
Feb
52 %c Feb
500
'
High
7% Jun
Jan
21%
110"
65c
.33 %c
4%
2,180
14%
>?
34% Apr/
51"
Jan
a59 % a59%,,
—f
Balle Bros common
^-Preferred;
McKee
l
41% Jun
a23% a24%
__
-*
common
65c
13%
California Packing- Corp com!--—I—!*
CeiitraT Investment Corp1
20
43% Mar
■
50
88 '
62%
,
class A",-;.
—1
_.
Byron Jackson Co
r~
12
,
a39%«,39%
__
loo
Qreif Bros Cooperage
Jones &
12 %
,v
70
88:;
^.10
Great Lakes"Towing
IitterJake"
28% Mar
a63 % a63%
*■;
^
_•
Goodyear Tire St Rubber
In'^ustiial
"./.
,a40%
•
a44
(Un)
(Un)
25 Vb
—-200
'/vVv
45% Jan
33
Jun
July
a27% a27%
*
u._:
25%
Blue Diamond Corp
Bolsa
Chica Oil Corpi———.
'
Glidden Co (Un)
Goodrich (B P) common
-
37
319
79
a40
j_
.
•
.
General
782
77
••
■
General Motors
20
v
,_15
Electric Controller
:
-
Jun
Jun
27Q
-"
■
.
High
-
24%
158%
*
-
,.1
Gas (Un) __„l
Mfg
—
^5
"
38%
a307# a30%
_v
_1
?
(
"
-
Feb
Consolidated
Range Slnee Jaaaary 1
Low
5%
Home Appliances Inc
Bendix
147% Mar
>16%
common,,*—
Shares
High
5%
-
Broadway Dept Store
38%
*
—
$4.50 : preferredi--_4_—_-_c-x._k:_100
'
'
,
126
Low
1
.-—10
Company
for Week
'
of Prices
Co,____ —■___*
OH
Basin
;
Chesapeake & Qhio RR____-^_-__„25
Citr Ice &
—»
Cleveland. Cliffs
•Lo&rj
125
153% ai54%
Bros
Barnhart-Morrow
Range Bine* Jaauary X
;'
v
22-^ 22r*
^._100
*x'':
•
Shares
High
-
Barker
[ft
for Week
Range
Sale Price
Petroleum
f-V
Sales
1
STOCKS—•
.v:^v
Bandini
Sales "
_* Range
Sale Price
Par
Exchange
Week's
,
Last
STOCKS—
Jun
1314 May
2.90
Jun
"
(474)
38
'
.
THE-COMMERCIAL
.
& FINANCIAL CHRONICLE
,v-Monday, August 2, : 1948
OTHER STOCK EXCHANGES
RANGE
STOCKS—
Friday
Week's
Last
Par
Pacific
Pacific Gas
Pacific
t
Products
Clay
Pacific Finance Corp
& Elec
' <}'
Lighting Corp
_
34%
34%
51%
52%
50
17
Jun
Texas
Company
21%
Jun
Texas
Gulf
30% Mar
"
562
50
100
">
■
919
36
Jan
Tide
55
July
Jun I
Feb
47 % Mar
Febi.
49
,
57 Va
Republic Petroleum Co
Reserve
Oil
Rexall
Rice
'
1
Gas
Oil
25%
-
''
:,;i
1.05
*
common
' "
«
.
40 V2
1.05
38%
5%
:
32
United
United
United
49
Jun
7
Jaa
Mar
Stores
Safeway
Seaboard
Sears
Company
Inc
Finance
Roebuck
1
—
—5
al8%
Co
&
—
Security Co
;
Oil
Solar
!
Corp
Aircraft
41
175
Co
;
20%
32%
535;,
?
2u% May
Apr
Feb
Mar
>•
26%
Feb
Jan
22c
190
38c
3,695
32o
Feb
650
15 Va
Feb
32%
.100
■8%
Feb
13%.;
Warner
Southern Calif Edison Co Ltd
4.88%
.
4.48%
1
•>
^
U
,
11
_
Standard
Oil
Oil
Sunray
180
v Feb
122
of
Co
Steel
mv..;
•
Mining
-67
13 Va
200
July
28%
Jan
29%
Feb
Jan
67
662
American
' Jan'
55-
9V4
Feb
15
140
1,844
10%
25
33 Vz
33%
35%
1,601
21 %
78
79%
com.....10
42
212
Feb
78
41
:
43%
13% Mar
853
38% July
83 V4 July
40
44% July
July
VS'
I^vv;i-' •125
3%
3%
1,
.
3%
-
5c
5c
2c " Mar
2,000
4%c
5,000
j
Stocks—
.^VV-i.'S/
4% May-
Apr
*
5c
5c
—~i'
•
:
July
30
Feb
2'/a
.19
.
Apr
,
3% May
Feb
July' "
110 --
187/a
Feb
254
25%
T'/a
Feb
14
Feb
.,r. 100
■■
alO al0%
10%
200
:
21%
a44 V2 a45%
225
'
May
24% May
•
Jun
33
'
UV2 May
44% Mar
49 V2
Jun
Corp 6%
Curtis
5c
Jan
8c
Feb
Low
24%
14%
.
72
10%
.101,1
59%
—1...
72
10%
2%
62%
315,
2Va
2 Va
10%
;
.—
Publishing .Co—
100
11%
Apr
,
158%. Jun
147% Mar
.'fc 12 %
.
27%
.
;
-120
K'
■
High •<-<
fa 1,043
15%
j.r.k «•''
Bang# Since January 1 v
ffei-210-;;
153% 154%
13
'fe>/<X•> NTW-
Shares
v'tv--
High
24 Va
par pfd_50
;
.*
Co
Sales
for Week
«
of Prices
100
_
V
Week's
'Range
•
Works
Locomotive
Delaware Power & Light
13%
Electric Storage' Battery———'—.
*
General- Motors
Feb :;A .'.17
Jun
,
74% Apr
•70'
Feb*)-'•-••.8 •;-.-Peh'r.,./. vll% May.
52%»Peb? •
65 V2 Jun
.
220. '
7.
V 2% May
Jan
1'4
,>'? 123»
13% July
Mar'
-
Brothers
Gimbel
Apr;
52%
53 Va
61%
61%
63%
20 Va
20
20%
12%
:' v
...
6%
.
.,
20
18%
56%
^
19%
40
17% Feb,,.
v
:
f 1,218
,2,354
13
,..;M8:'1vvJan*/' V
r
.
:
16% Feb
May
7% May
7% July
1^- 5%Mar-*;
.
Jun
25 Va May
; 4% Pebi
■:*
9J8
Jan
50% Mar- : r .65
fe^.Fetfe;
-
19%
18% May
,
,
;4»% P|Bbv,:
!
1,089
1 290/
6%
18%
,v,
.
:
7
6%
...-•
6%
19%
Pennsylvania Power & Light———.—*
Pennsylvania RR
—50
123
12%
1'•:
10
.i.——a——50
'_
1
Pennroad Corp
20 Va
July
22 Va
May
48 %
Apr
•
'
Pennsylvania Salt Mfg common
Pep Boys
,
'
————.5
Lehigh Coal & Navigation——.
:V; 15% Mar
1.510
"v."
Corp—*tV-LiV—V—16-
Lehigh Valley RR
■
:f. v
.
a__
Apr
20% May
13% Jan
67% Mar
V:
Jun
15% May
•
Feb
*
new
72%
'
Feb
142%
826
13% July
10
a
Par
& Tel
Tel
Baldwin
Chrysler Corp
Cooper Brewing Co
11%
v.
23 Va
60
;
a28 a28%
Sale Price
,...
62% July
15
Corp
63
50
a44%
.—
29% July
11%
r
21%
a28
1
—1
_
.
Feb
50
200
Apr
39% July
■V
a—
a3
alO1/, al0%
21%
'
12%
__
American Stores
Jun
1,4&3
13% '
>'•
al0%
*
—
:
44%
714
a28
Last
28
1,070
,
39 % July
134
-
>■
14%
a
a3
Friday
Bankers Securities
15
Stocks—
'.Unlisted
May
24% May
22%
11%
common.
5
Inc.—.
STOCKS—
36% July
28
2
"Alaska Juneau Gold Mng Co.
Imperial Development Co Ltd
25c
Zenda Gold Mining Co ■; ..IOC
-
57%:,
67
...j—,
Universal Consol Oil Co
]
Mar
•
369-
28%
200
—...
California
-.
..
28%
255
..
V
■
Jun
'
(F W)
14% Mar
593
57%
*
Calif...
Union
States
26
'
Feb
177
+
39 V2
Jun
Philadelphia Stock Exchange
Budd.
(Calif)
common
of
27 V4
a
Corporation
Oil
25
140
24%
13 Va
Co
Textron, Inc
United
28 %
—25
T
1,271
27%
27%
24 Va
:"
30 Va
24 Va
-
25
Co
July
>
Company-
Transamerica
i
..
Corp
Superior-Oil
)
—25
preferred
preferred
i|^'• ViV./J.V'/'V'•) ■'
Pacific
30
27%
.
cumulative
Southern
;
30
■
convertible
'
4.32 %
4.56%
.—25
com
cumulative
Pictures
Bros
Woolworth
'
,
19%
32 %
25%
al2%
—
Jun
13%
—1
Feb
a27% '
•
al2%
Mat
3,769:
,
19 %
39 V2
v-..u— >
1
Union Telegraph Co
Westinghouse Electric Corp
Willys-Overland
Motorst Inc
May
180
277/a,.r
1,050
44% Jun
12c
46
33c
26
29 Va
52% May
25%
,54
185
2,000
68% July
a88% a90%
10
(Del)
66%
Feb
41% July
Jun
177
346
n
*
j
•
~
17% Mar
15 Va
1,803
130 ,:;i3c
*
Signal Petroleum Co of Caltf
Sinclair Oil
50%
41
S
..25c
Signal Oil & Gas Co class A
■
>
38 Va
50%
4
—15
Corp
Corp
Trading
38
4 Va Feb
,
95
17%
,
50%
Shell Union
Sierra
17%
a
Co
400
al7% al8'/2
17%
Corporation
Feb
49%
■
al9 V2 a20 Va
39%
5
_
L
Inc
53%
170
26%
com_50
Corp
Lines,
High
Low
y 120
68%
26%
com.*
new
new
Western
.
Aeronautical
Air
Co
•!'
>
'
Ryan
Railroad
Aircraft
Jun
6%
Feb
15%
6,016
Jun
7% May
1.30 May
Feb
85c
1,100
5%
Mar
4% July
450 ;
42%
5 Va
22
1,221
7Va
1.05
.'
2,540
5;''V
4%
V
Co
'
26 Va "
25
..*1
:
.
Corp
'
1
common
Co
_-
Oil
Ranch
Richfield
:
&
Drug Inc
Pacific
Range Since January 1
:
High
68%
■
*
Twentieth-Century-Fox
Union Carbide <fe Carbon Co
Union
*
'V-'.'-.
10
Co.
Shares
a59% a60%
*
Associated Oil
Water
Low
25
...
...
Sulphur Co—
Sales
for Week
Range
of Prices
Par
High
15 % Mar
12%
575''
51%
__10
_
330
20%
*
common
Pacific Western Oil Corp
16%
34%
__25
common
VfLow
20
:
Week's
Last
Sale Price
STOCKS—
Range Since January 1
High
16%
yf: V.
30
Friday
Shares
"
common.^....—10
JULY
ENDED
for Week
Low
'i
*'
WEEK
Sales
Range
of Prices
Sale Price
FOR
42%
10
41%
43
-Vh
4>/4
4%
t:4oo
22 V2
23%
2,717
23%
227
40%
___
40%; Feb'V
fel3<>3
22%
1
s
s
V
;
Jun:;-',
4
5%
Jan
'
•
-'
Corp' .'
Alleghany
Allis-Chalmers
American
• -
3V2'
r„..
m
34
Corp.*
15%
Co
Mfg
Airlines
200
3%
120
315
July
Jan
41V2 May
16% May
"
927
4% May
7v
8
15%
Apr
.12% Mar
34
7%
14%
34
-
American Radiator & Stand San
;
3%
3%
American Smelting & Refining Co
*
American Tel & Tel Co.—.—....100
a60%
a60% a62Va
153% 153%
1,089
a66%
a66% a67%
7%
72
153%
American Viscose Corp ....I
Anaconda Copper Mining Co
34
159
Armco
Steel
Co
Armour. &
Atchison
50
*
Santa
&
Fe
Ry__100
alll%
a42%
__3
6
(Del)
Baldwin Locomotives Works
Baltimore
&
Barnsdall
Oil
Bendix
Ohio
RR
Co':
13
8
Budd Co
—
Canadian
Corp
Railway Co
V
■
.
140
27%
305
130
47
50
25
157/a
15%
530
10
113
33
al2%
a
13111
*
*
24%
Corp
3Va
(Del)
24%
July
16% Mar
50
Mar
8
61%
61 Va
165
a30 Ve a31%
a30Ve
5
'263
11%
11%
11%
240
11%
11%
12
7Va
-
250
40
40
38%
13%
13%
F)
20
422
Co
of
Canada
Libby..
New
York
•
10
American
American
a9%
—
Inc.——1
.53% Apr
.
48
Feb
42%
59%
10%
16 Va
Feb
48% Feb
Improvement
15% Mar
21%
100
10%
Feb
12% Mar
18% July
13% May
1,745
667
*■■■
9y«
Feb
80
15%
Apr
^25
17%
Feb
Motor CarrCo.'--
110
a39
a38%
Clark
Pepsi-Cola Co
Pure
t_
Corporation
Steel
Star
National
San
Minine
Toy
■' V:
Pictures
Republic
Steel
Gas
Socony-Vacuum
Southern
10% Jun
150
10 Va
Feb
23%
Feb
Bolt
70
400
5
21%
.16%
18%
Jun
26% Feb
',
40% Jun
5% May
16%
Feb
*
13%
150
13 Vt July
T.
22
'
v-
164
3%
1,575
3
•
2
11c
12c
33
33
14%
14%
'
39%
Jan
10 Va
July
27
May
23% May
24
July
3% July
6
Apr
2% Mar
/
3Va
Jan
52%
Jan
30
311
30%
30
Jan
Jun
11% Mar
100
3
1
200
&
8%
l.
—i
Gas
_
_
Spring
1
.
-
.
V
——
1
.
5
...
Mar
1% Mar
2
•
Apr
Feb
10
Jan
7%
10c
2,000
5 >
;
43%
Mar
19c
May
27% Mar
35%
Jun
11%
'""--'-:115'V
15
Jan
-46
100
Jan
43% July
"
—1
36
<
•37%
36
: x.
200
33
Apr
37 V?
May
198
32%
Feb
39%
Jun
142
38%
37 Vb
25%
Feb
33
Jun
•
12.50
—
71
8%
43%
Zv'
.a
Air Brake
Westinghouse Electric Corp—
28y4
28%
St. Louis Stock
29%
....
■;
T.
,r
-
STOCKS—
.
!''>
A
S
3
-
<
*'
*
''.•4~
'
•
Last
Par
657
41% Mar
,*
57
333
485
21% May
•■6hare»,?Vv
High
V; ife-'r-'/
A
•
;
Range Since January 1
High
"V* Low
•.'Vf:
'
Aloe Co
20 '
common...
XI"*:
& Tel—j.—.
American Tel
Bank
Bldg & Eqpt common
Shoe
Columbia
Brewing
■■
42% July
May
General Motors common
25%
44
May
-
20
■■■
'S',
-
317
-
13 Vst
July 'S;!i
Jan-> L
153% July
a-
8%
31%
18%
10
/X'xY-
28%
28%
20
14.
14
500
39%
40
56
62%
63%
67
67
*
Griesedieck-Western Brew
.10
•
XX
v U-'■
67
1
25
:
80
^
•
7
27
~
v
.
Feb
Jan
32
20
•'
31
Apr
.v' May
15
31% Mar
51
Jan
Jun'
154% July
8% Jun
6% Mar,
280
V
s
26% Mar
.''250:-V ■''
v''
-
Apr
-
16
26
19
•
'
8%
18%
—
_
255
•
30 Va
ii 14
(Un)
(Un)
General Electric common
.
"
i:X
—_i
May
18%
yr-l;,:'. 60
153% 154%
_1- vXX-m*
common
20
18 v+.
'■
3
—
common-
Bottling
20
153 V2
T—
:—
common
Manufacturing
49 %
Feb
Sales
for Week
of Prices
Low
'
■s
"
Range "1
Sale Price
■
Exchange
Week's
Friday
i
.
Jan
55 -56%
^
12
14%
7% Mar
5,412
3%
3%
si-4
23%
23%
Jun
Mar
11% May
Feb
22%
22%
22%.
Jan
27%
-
622
36%
11
Feb
Jun
19%
35
33%
-
Mar
9%
Corp.
& Foundry!
Alloys Steel
Brown
;
30
Westinghouse
Burkart
12%
12%
801
a8 Va
'
a8
V®
a3%
29%
,30
735
28%
•
8
65
a3%
common.l
__*__._50c
Del
Oil
Railway
100
13
5
Eng
Vanadium
11% May
"
Corp
of
10%
13
30%
__
United
26 Va May
j_—•
Corp
Co
20
10% May
24 Va
8
3%
'
Feb
15
Mar
11
May
5% May
Feb
22%.jpeb.*
Jan
Jun
i 31%
l—— —5
S & D common.
Huttig
Preferred
";'
Co
al2% al2%
20
a30 a30%
69
ll Va July
26
Feb
32%
Apr
Laclede-Christy common
*
a52Va a52Va
15
54
55 %
Jun
Laclede
15
19%'
19%
20 Va
2,026
•
Co
a45
a45
a45
10
38 ' '
38 Va
14
141/4
IS,
2
•
'
;•
——
3
■>
It
r-
1.75
....
38 Va
„4
Hyde Park Brew common
Hydraulic Pressed Brick common
*
International Shoe common
Oil
17%
High
Feb
25
;;
Jun
Apr
42% May
64% Jun
Mar
36
MayV
33
Mar'f:
,'•(67;':
July
••
St Regis Paper Co'
Schenley Distillers Corp
Seaboard
17
•
Oil
Feb
;
'• •'
of America..
Radio-Keith-Orpheum Corp
Corp
Republic
8
9%
1:*
.
Steel
Feb
Oil Company.....*
1
115
10%
5
common.
Standard
Feb
"
Radio
28%
10%
24%
Corp
Fireprooling
&
Loto
28%
10
Oil
Range Since January 1
High
10%
—10
Supply-
Shamrock
8%
42 Va
Sales
Shares
1
Pittsburgh Screw &
4VS
..
Feb
for Week
10%
;
10
Gas
Pittsburgh
"18%
42 Va
24
39 Va July
com—*
——
Pittsburgh Brewing
$3.50 preferred
630
13%
July.
Mar
12%
Refractories
Walker
Mountain Fuel
315
^..25
2132""
*
Brewing
Pitt
240
Inc
Feb
10
Range
——
Electric
Fort
5
____33V3
Dodge
Pullman
20%
3% May
23Va May
50
Week's
*
Follansbee
9%
a
1,059
28%
10
pfd
„
&
Gas
Harbison
227/8
al9 Va
Feb
2'—Feb"" •'
21
Low
•
Co
(D L)
Columbia
9%
al9Va
Jun
1%
Jan
39 Va
of Prices
♦
Co.
Blaw-Knox
22%
50
.
1
-469
22
21%
66
39 Vs
Sale Price
Co 6'/<
Natural Gas
Arkansas
Coca-Cola
Pennsylvania Jtallroad Go
—
21
—
Par
1
5
3 Va
Last
^2^50
Pan American Airways Corp
Paramount Pictures Inc
Phelps
—
Friday
STOCKS—
,
'
Oil-Company
-Packard
21 %
39 Va
20
_.
American Inv common—
Ohio-
.
1 Va
27% July
50% May
70 Va
,
Pittsburgh Slock Exchange
22% May
22%
Feb
39% Mar
50% Mar
2%
10
Inc
Coal
19% Apr
63% May
150
al5 al5Va
22%
100
16%
161
255
Apr
8% Feb
85
.
12 Va
11V4
10
Co
July
23% July
28% July
Jun
Feb
19
17%
19
16%
45 Va
33% Jun
*
Co
Pacific Rwy
Jun
13% May
25% Mar
281
■
352
46%
69%
1 Vs
July
al9
al6'%
•
Aviation
:
a54 a56%
V
RR
a9%
al6Va al6%
5
15
273
65'
57%
16%
Corp
Central
North
'
57%
-
,
105
a30% a32%
a54
a
—>
Corp
Norih
Northern
51% - Feb
37% Mar
—
:42% Jun:
' 40
Jun
Feb
Feb
357
—Jf ; ;
Inc
Prod
Mar
257
•
.12% July
Jun
all% al2Va
a31 Vs
Jan
,21% July
26"Va July,
Apr
a43 % a44%
•
Jun
July
24%
34%
140
13
.16%
rll%
567
a57% a59 %
Montgomery Ward ds Co Inc
Distillers
Gas
Westmoreland
Jun
33%
Feb
32
"262'
69
V
,
/
,
Jun
Feb
9%
a44Va
3
Kennecott Copper Corp
Nat
United
Westmoreland
Lone
Feb
all%
Co
Greyhound. Corporation
3% July
Feb
4%
v
60
14
Feb
27% Mar
6,669
38%
Nash-Kelvinator
May
10
Foods
&
Jun
28 Va
2%
'
Loew's
27%
21 y8 Mar
Public
Llbby McNeil
Jun
684
General Electric Co
Nickel
14 %
241
137/«
International
Jun
Apr
25% Mar
50
a26% a26%
Ry
Apr
63%
11%
11
Class
Northern
61
Mar
24
300
25
23%
'
"
1
...—13%
common
Alleghany Ludlum Steel
May
1,940
Electric
Great
19
a23% a24%'
a23%
Publishing Co. (The)
Curtiss-Wright Corp
(B
Corp
'P
Jun
: ;3V8
1
Corp
25%
a26Va a26Ve
82
46%
';
Corp
."',"689
68%
—
68%
1
Jun
10% Feb
90
Mining
July
11% May
53% Mar
212
Tonopah
65
Mar
a57% a58Va
23%
—
*
Co
42% July
•
Feb
a53 V4 a56 V4
a53 V4
Curtis
Goodrich
37%
Jan
8%
Oil
37% Jun
39 Va Mar
485
Aircraft
Continental Oil Co
44
Feb
42%
28
307
22
28
Mar
•25
;
.
--
50
*
common
42
21%
27%
21 %
*
•
common
Paper
40%
3
com
Feb
Jun
24%
.
.
M67/a July
^
30% Mar
35%~
Reading Co
Scott
Gas
preference common
21%
>
' 17Va Jun
;
Feb
62 Va
Cons
General
Feb
130
div
21% Feb
2 7Va May
Ffeb
t 33
100
42%
Consolidated
General
12%
10%
620
<*
40%
a
60 %
25
•
Wv'-VW- i
Edison Co (N Y)
•
Zellerbach
15%
Jan
4% Feb
Service El &
$1.40
United
May
117% July
49% July
'42% Apr
a32 a337/8
•
Commonwealth & Southern
Crown
91
Jun
15
*
alOVi alO%
Commercial Solvents Corp
Commonwealth Edison Company
Vultee
340
197
6%
5
Company
10
Gas System -Inc———;
*
V. V:
11% Mar
a38%
—
-'t.'"V'
287
35%
Service
Columbia
13
15
;
Caterpillar Tractor Co
Cities
31% May
700
•
Pacific
40%
Feb
Vi
aJ2
Company (The)
Borg-Warner Corp
Feb
27%
15
Corp..
Steel
32
382
al5% al5%
a38V2
Borden
440
6
1
Sun
28%
a42% a45%/-
Public
22%
*
„*
—
37%.
all0% all5%
100
.
:V
5
Aviation
Bethlehem
Co
May
a__
127/a
—
25
Corporation
65
157% May
-
28%
8
Refining Co
Mfg
Mar
a__
36%
—
10
;
(111)
48
148 Va Mar
Mar
"*
«;
Topeka
Atlantic
Avco
Corp
a—_14
10
Philadelphia Electric Co common
$1 div preference common
i
Phllco Corp
common
*
vt-'vJ
2
24
24
XV^':
*
95^
675
14% July
l7/a July.'-"
24
109
24
30
273
397/a Man
'
*
V
100
V'
42% fe
42%
43%
15
15
15%
,
July
15
Feb
23 Va
35%
Feb
47
Jun
May
Steel
Missouri
North
common
Portland
American
5
__
__
(Un)
20
32
25
Cement
com
_
'fe-?;
10
—
17
feviisfe
32
;
15%
302
17
100
15%
-
-
;; .'••;;,45%
14% Apr
28
,
30
27/a
July
13% May
—.-
42%
17
Mar
32 Vi
16% Mar v- ;'•'
14% Mar
:
.-
19
17%
Jun
Jan
Feb
Mar
Jan
Jun
May
Jun
Jan
'
Standard
Brands
Standard
Oil
Standard
•
Oil
Studebaker
Swift
&
For
Co
Inc
Co
Co
*
25
:
a48Vs
a48% a50%
a79%
a79% a82%
__1
1—
footnotes
see
25., a33%
paee
42.
>105
a26 a27%
25
(Ind)
(N J)
Corp
a26
26%
26%
a33% a337/a
217
38
240
..
28%
,-25% Feb
71V4
Feb
17 '
Feb
.,773.
&■; 62
Mar
30% Mar
;
5
;
52 %
-
Jun
Jun
Rice-Stix
2nd
St Louis Pub
pfd
Service class A
Sears
Jun
Stix-Baer
36%
Jan
Wagner
&
Fuller
50
5
*
Roebuck & Co
85 Va July
29%
'«
——
common
Electric common——!*_
54
128
:';-
5
36%
■"
—
'*
•
■
128 "
5%«
36%
•
38%
16
•16
54
-19
;'i
55
;:v
126
676
,
'
5
159
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Feb
Feb
32%
-
Feb
42 Va
13
10
--••V'-'284
131
Apr
May'
Feb
48
Feb
17Va May
55% Feb
-
May
,
Volume 168
Number 4721
.
COMMERCIAL'^ &
THE
OTHER STOCK
EXCHANGES
RANGE FOR WEEK ENDED
•;:7 A-1',£'*•'
Friday v
STOCKS—-,
Air
Reduction
Alaska
.
(Un)
•
Ass'n:-_.-a:..._„__1QQ
;
Amer
Smelting
American
Tel
&
Refining
Tel
&
American Woolen
Anaconda
Co
Armour
(Un)
(Un)
&
Co
(Un)
Corp
Imperial
Avco
Mfg
29
5
(Un)
Atlas
a36%
20
Bank
5414
50
(Un)
Atchison Topeka & Santa Fe
Atlas
__
(Un)-100 all2%
y
50
50
24
15%
849s ;
12% Mar
61%
279
51%
61%
t
a
1,202
56%
^
6%
6
Jun
40% May
28% May
14o
6%
a21% a217/8
:32% Jan
'
11% Mar
89% Feb
150
20
15
*
Feb
24
Navigation
(Un)
Co
& Robbins Inc
287a
(Un)
14
May
7
May
Jan
Mar
3474
Jan
267a
950
Jan
1.15
(Un)
2.15
28c
2&c
28c
2,000
18c
Mar
30c
30c
31c
4,500
30c
July
a5478 a5674
17%
243
451
18%
325
*
a54%
..10
(Un)..^
17%
(Un).
17%
17%:
5
1;
National Distillers Prod
37a Mar
Jan
2.15
1
Co...
17%
al278
—
.•
19
127a—-
a
39c
1472
8%
Locomotive
Baltimore &
Bandini
Bank
Ohio
of
Co
Byron
A
Pacific
Calif
Packing
Canadian
Caterpillar
Co
Co
(Un)
Broadcast
5%
Natural
51
Co
47
Apr
37/a
Feb
40% July
52
Feb
53%
all% all%
30
13%
15
33%
33%
95c
21%
(Un)
265
33% July
50
68c
Apr
1.50 May
44%' Jan
11% July-
a._'
a._
25
445
19
19
ioo
13 7a Mar
a257/8 a25%
50
752
54
Mar
207
.
,32%
Feb
12%
127/a
a24
a24
50
3%
*
3
3%
300
A—_*
47%
__
1
al0%
8'A
1
__
5
30%
—
48
Tele
" 5%
10%
1
11%
5
__
...
6%
__
—
—
—
„•
19
.4
al3%
*
37%
...1
...
1
9%
a38%
com...^..
2%
,6%
'General Electric Co (Un)..w
General Food
Corp (Un)
General Motors Corpi....^...
Paint Corp common.
McBean
&
State Co Ltd
Co____„
al0% all%
47/8
47%
10
8%
100
7%
10%
390
Corp
30%
31%
2,714
49%
Jan
Apr
10%
Jun
13
•
..10
62%
*
325
117
298
103% Feb
allV2 all%
230
99% 100%.
77/a
Jun
103% July
128% May
Feb
11%
12
15%
16%
14%
6%
4,785
4%
13
,
.
July
Feb
12% July
Service
Tel
Foods
Idaho;
;
Motor
Oil
Co
Mines
Cons
(Un)
P
Co
T
20
_.
...*
..
F
2472
24 Vz
318
22% Mar
9872 : 99 V2
125
90
—
13972 139V2
-
5
a9%
23Vz
a9% alOVa
23Vz
25
a2274
a21% a2274
,
—
a67
/
14672
Apr
61
-
May
8% Mar
11% May
28
May
2674 May
Feb
278
Jan
3
Apr
Feb
17
641
204
245
170
.
26
5% May
22
100
19 Vz
13% ^
557/8
a67 a707a
May
Juxi
1047a Jun
Feb
187a Feb
go
2%
2%
Jun
16
Feb
474 Feb
295 /
818. rt
19%
13%
557/a
.
Jun
52
1397a July49
Feb
54
780
July
104
10174 May
2072 Jan
56
-
a49% a497/a
-5
5
__
July
55 Ve
Mar
47
•
23
100
Apr
32
297a Mar
433
12%
5%
(Un)
Orpheum com
Equipment
(Un)
—
12 V*
22
May
22
Jan
13% July "
,
Feb
587a July
55% Feb
75% Jun
41
;.
a8
a8
a8
672
38
30
a34
a34
33 74
34
—
,10
-
Feb
34
227a
10
1072
Jan
35
Feb
Jan
54
31% Feb
22 Vz
Jun
34% Juil
Feb
'
31%
36%' Apr
Richfield
Oil
1
^
Corp
Jan
V\ vZ
18 1872
10c
11c
a37% a3872
2074 Feb
398
118,700
24
15% Jan.
709
1,076
105
20
38%
*
*
1
(Un)
217a> 21%
38%
42
21V4 21V4
30% 30V4
—
,
Jun
40 y«
•
■r
Rheem Manufacturing Co
Jun
117a May
%
May
525
75
.
427* May
15
•
6% July
325
28
29
a37 a37%
28
a35%
•
297a July
,
49 7a. May
Feb
•
77a
312
37%
July"
44% July
26% Feb
8
20
672
—
25
(Un)
Reynolds Tobacco "B" (Un)
455
12 V4
—
1
common
Preferred
12 V4
26
Feb
157a
42% July
753,354
160
449
6Vz
1
com—*
100
Rayonier Incorp
127a
28 2972
a42>/4 a43%
"34% 35%
28
a42%
,
•
Realty
&
12%
—•
■*
*
•
Roos Bros
-
-
483
25% Mar
31%
Apr
Shell
45
46%
270
34"%
46%
48%
Jun-
237a
Jun
1574
i
Feb
f
May
5%
120
a42% a42%
15
—
277a Mar
34% May
17% Mar
21
Jun
5%
19
20
16% July
1,137
30
15
100
12
1.85
9 %
9%
1,400
*
25
Apr
.13%
,
Mar
-
'
42'%
15
Jan
1.05
Apr
Jun
Safeway Stores Inc
Mauricio
Feb
3ft Jan
5% Mar
11%
Jun
46>/2
Jun
6%
350
• -
'
5
: Feb
;
••
Southern
682
.
95
31% Mar
35
51
.
924
19Va
637
.
Standard
Inc
Brands
(Un)
53
,75
'
Apr
39% Mar
of N J
Oil
Jan
Swift
July
20%
94'
40
80
-
all7/8 al2%
55
10% Feb
Mar
.
16
100
19%'
135
5%-
4,325
.70
2,237
al7% al8%
35
.16
Mar
Apr
13%May
:
4%
69
.
52%
Feb
:
36%
.
Feb
Jan
15
6
2.10
15
6 '
2.10
V'
-t
120
l
-
;
15
*
20
425
6
22%
July,,
19
Mar
13
Jan
2.85 Jun
..
a32% a32%
12%
12%
975
90
13%
13%
75c
77c
80
Feb
23
34
May
257a M^r
30%, Jun
22 Vz
25
Jan
Jan
2974 July
28
July
561
44
Feb
422
76
.
Ar.
Jun
Feb
22
Feb
303/4
Jun
24
Feb
29
Jun
73
Jun
90%
Jun
.
•
—
66%
66
68%
1,478
25
a79%
a78%
a82
160
69%
175
62% July
-
16% Feb
25
a33%
;
.
a33% a347a
32
35
28% May
367* Jan
Mar
Jun
52%
Feb
66 V2
19 Vz
Feb
32% Jun
27
29
2
11%
1172
11%
4>2(>2
—-5
al3
al3al372
52
"
Feb
787
6174
27%
25
Oil com
54% Jan
2,826
60%
10
(Un)
Ass'd
a257i a267e
»26%
(UnAA
Company
Water
(Un).
(Un).......^.....!
Corp
Co
&
Tide
Co
Transamerica
Corp
Union
Carbide
Carbon
Ss
Co of Calif
Union Oil
Preferred
34Ys
40%
..A«..a.-25
*
—
40%
35%.
&91
(Un)_l.—f
com
—
United
Aircraft:
United
Air
Lines
..
.
a91
:
:
a27% a27%
:
12%;
Inc
United
Corp of Del (Un)-^.AAi.AA«;Al
Steel;Corp common---AiiAA-u-; $
Universal
Consol
Utah-Idaho
Vica
Oil
•
*
12%
127a
.
10% Feb
^uly,
21V4 Mar
397a
July?
217a Feb
Jan
42%'July •'
383/4 July
/
917a Mar
»'['
9674
2374
30% May
Feb
•
3% May
82% July
;,«2% Mar* :
687a Mar ':
T.000
" 308
Apr
*Aprv '
19
127a July
285
u -*■
13%
13%
833
152
1
;
: ' ?3 ; 3%
a77%>a8072
3"
a77%
Company
(Un)-Uiil.—,A.5
^5
32
380
11%
Feb
16%
Jun
200
60c
Jan
92c
Jun
42%
Jun
Western
15
Jan
Western Dept Stores
Western Pacific RR
2.85
;
3
-150
1072
—
.'
—'
"
Jun
Jun
July
Fargo Bank & U T _.._.____100
Westates, Petroleum' com (Un)Ai..Ll*-~ilr''
Preferred
(Un)
1
—
-
281
,
.
a'.
281
1.00
7%
1.057%
•
44% July
41
July
2% Mar
3%-Jail
150
July
7% Feb
100
:135
-v.;
'■(
175
.
,
May
11%
Jun
r■
.
1.20
8%
.
230
* 600
175
1072
'•
Wells
*»«
2.90
2.8'5
—
j:.1__.a.25
(Un)
Equipment Co
42
41.:
_AAAiA.A_^10
new
Sugar Co
10% July
Mar
17%
(Un)_A;A...__5
Corp
31% May
> 25
327aJun
Feb
14%
28
Jun
July
1.90 Apr
57%
a27 a287a
a27% a27%
Apr
5% Juri
78
May
1.60 Jan
>
.19
22-
„
16V2 Feb
57V4
—
a27
46% Jun
Jun
A6V* May
48
May
.:
•
300
,
1,446
1,242
753
20
3172
417/a May
307a Mar
,
263
418
28%
Calif
of
Standard
38
Feb
2472
2874
1
:
Studebaker
Texas
15y8
30
2472
:
a.—*
Co....
Corp
23
'
30
—"
(Un)—•
25
4074 Jun
64% Jun
.
26%
19%
30%
Jun
Feb
7% May
42% May
Feb.
Mar
—
25
Pacific
27%
26%
19%
preferred
cum
Standard Oil Co
40-
a38% a387/e
62% 62%
...
;
May
21c
Jan
15
87
•
5
•
(Un)
preferred '.i_;
4.32%
4.56%>
a40%a417a
—
9c
32%
120,
15
(Un)—
Pulp Co
Southern Calif Edison Co com
Sperry
18'
10c:
a3874
*■
15
Oil
Socony-Vacuum Oil
Soundview
Jun
34% Mar
5
—P 10
Mining,
Sinclair Oil Corp
July
2
.
Union
"Apr
2,671
,a38% a38%
6%
43%
Feb
12'%
387a
5% July
Mar
15%
30
36%
1.80
Feb
4% Feb
39
2,100
al3% al3%
a31% a32%
—
v
_•
1,073
400
50
Preferred
Victor
33%c
34%
32
35%
15%
(Un)
Radio Keith
Railway
U S
Co
Jan
Mar
Apr
y 6Vz May
1574 Mar
157*
new—Aw
Corp of America
28%
16
6
36%
33
1,126
(Un)
Oil
Radio
&
Inc
28'A
Feb
__
30% Mar
52
—1
Sears, Roebuck & Co
•
July
__
Jun
2,S65
53
103
44
1
prior pfd
conv
Sound
Jan
17
.
21%
35
97a
-
Pig'n Whistle
Puget
Pullman
8%
24
V
Feb
103
25
•
Mar
103
._
4%
-
< 44
33% K
6% Mar
664
al7%
200
75
—
*
*
(Un)
12
33
i 4%
5%
a20
52
•
Companies common
Utah
Feb
—
10
Jan
12
July
7
34 Va
^100
Corp
(Un)
com
677
19%
Sugar Plantation .A—__15
Maryland Mines Corp, (Un)__l
Power
_
Jun
1474 May
6
5%:
al97/a
247a
I
Western
Jun ;
.VsVY'?';
41%
f)
40
34
•
1,360
18.Va
<
Independent Exploration
: Inter'l? Nickel Co Canada (Un)
i" International Tel & Tel
(Un)
July
*A
220
317a
100
7
33
all%;
i—a.1
:
69
27
16% July
17'%
„• 1
6.66%
Feb
6
34
Phelps Dodge Corp (Un)
Phillips Petroleum Co—
A
Inc--------
32 74
'1774 Feb
8%
31 Va
common
Tel
&
16%
a44%3 /a44y8.a44%
Hutchinson
Idaho
187a May
Feo
—
Maf
a59% a59%
Honolulu: Oil Corp
Hunt
Feb
10 Vz
3472
•
12
33
*
—»
9%
6
al9%
com
507
17%
,
*
Hudsoni Motor Car Co
17
8%
..
Pennsylvania RR Co (Un)
Pepsi Cola Co (Un)__
Jan
34%
•
.
Jun
Feb
*
Transcontinental & West Air
i i f
Jan
13% May
8% Jan
15
305
—
(Un)—10
com
16% Mar
26% Mar
91% Feb
--a42%
"
1874 July
•
common
Cement
Republic Steel Corp
' a42%
i
Hawoilan»Pineapple Co' L.td
1 i i Holly ( Development'
11%
1272
25
*
Public
July
Jun
9% May
40
•
(Un)
Hal© Bros Stores Inc
Jun
Feb
Feb
25
Lighting
Paraffine
6% May
Julv
8%
Gtoodyeari Tire & Rubber- (Un)..:
«.♦
/• Gf Nor Ry non-cum pfd (Un)__..i.*
'"Greyhound Corp
com
6% May
10%
12%
277a
—
10
Pan American Airways (Un)
Jun
25
Jun
10%
18%
Co
w
100
127a
25
(Un)___
com
preferred
Pure
48
Feb
Mar
Corp
Jun
29%
38% Mar
21
100
18%
F)
-
a39Vs a39%
—
5
Aggregates
Preferred
3% May
4
•
common...
149
5
Electric
&
Packard
July
20y2 July
214 Feb
-
15
.5
Corp-A—..—.10
Kleiser
615
•-
60
15
*
Portland
Pacific
14% July
110
a43% a437/8
1st
27% May
|
Co
preferred
Pacific
25
Feb
800
.116
all%
15
Radio
&
61
a2272 a2478
a2272
•
1st preferred
Pacific
62% July
m 22% Mar
279
5%
a23% a24%
•'
Corp Ltd —a.
Machinery
59
•
Paramount Pictures
65%
-
-
"25% Mar
100
—
v
5 %>%
Park
20 Va Mar
*
A
13
13
13
100
(Un)
Finance
Pacific
10% July
5
...
425
41
225
1,291
- •
Jun
137a July
227t May
|
6% Apr
65
15Vz
—'
Cons-iii-»«M.--.10/
Railway
1st pfd
68V4 May
38
Jun
20
?■
Derrick & Equip C6___
(B
Oil
Sugar Plantation
Gas
10"
a37% a37%
._
Pac
53% Mar
al0% al0%
__
Feb
15
37% July
__
Pacific
195
58
257
*
Corp
al2
15%
100
Coast
Pacific
al0%
(Un)_.__
common
all%
Investment com
Can
Pacific
May
19y8 May
a37% a38%
1
(Un)
—
...
(Un)__10
Co
Pacificc
Apr
Mar
a37%
(Un)__15
—
175/a
1
(Un)
Oliver United Filters class B
$5
4,345
__
Co
16%
common
Pacific
Oil
320
'
16
58
Ohio
San
Mfg
Products
Goodrich
American
Northern
Jan
28
55
common
North
Jun
51
10
62V4
(Un)
Emporium Capwell Cq
r
6%
Apr
1.00
10
Golden
50
440
...
„•
Kodak Co of N J
Gladding
870
51
,24
i
Amer
6%
57/a
!
Jun
' May
38y4
15
A__2%
(Un)
$ El Dorado Oil Works..:—....
T
Jan
54%
Eastman
»
Jun
53%
__
10
General
64%
59%
Dumbarton Bridge- (Un)
&
Jun
24
class
North
Aviation
Co
a6% :
11
167/s
1
_*
Riverside Cement Co class A
Dow Chemical Co
Foster
64%
53%'
1.00
(Un)
American
American
Jan
54%
_—
Ind
Dominguez Oil Fields Co
Food
Apr
41%
59%
Corp common
common
Doernbecher
Farnsworth
29y8
Jan
10
Corp (Un)
A; Di Giorgio Fruit Corp class A com
Eureka
Feb
41J/a
37%
—
(Un)
Gas
Fublishing Co
•3; Emsco
23
._
•
cl
North
North
a6%
11
•
Natomas Company
N Y Central RR (Un)
Paauhau
15
78
195
...373
...
Amer Inc
Zellerbach
Electrical
Jun
._
100
0 Curtiss-Wright
•
5'%
._
25
$4.20 preferred.
$1 2nd preferred—
•
4%
34
—:.„5
Continental Motors
A:
Feb
24%
(Un)__* "
Creameries of
'f
3
16y8 Mar
1
Consolidated Vultee Aircraft
u
2,182
25 V*
Consolidated Edison Co of N Y
B
3%
300
»
System
Chemical
Jun
472
*
(Un)
(Un)
Jun
30
Feb
23 Va
Consolidated Coppermines
Class
3%
67a
31%
25
Co...
Commercial Solvents
v/
7,005
37%
23y8
•
Commonwealth & Southern
Curtis
21
19% Mar
,
31V*
*
Co.
S/ Columbia Gas System Inc
Crown
16%
July
23Va
Colorado Fuel & Iron common
.
15
Jun
31%
<Un)_____l%
(Un).
Chemical
38
30y2 Mar
2.50
/•/Cities
Consolidated
110
489
May
National Linen Service Corp
July
42
:
Feb
15
a24% a24%
50
com (Un)
Voting trust ctfs pfd
*26%
Jun
360
Apr
35%
a59% a62%*
(Un)
com
pfd
Railway
407a
~
15
a42% a42%
•'
Ale
Mar
35%
a59%
—*
—
Tractor
Consolidated
20
205
a42%
Co
Ginger
230
Jun
7%
_*
; Pacific vtc
<
a39% a39%
17y4
16% July
Jan
2%
_
Chesapeake & Ohio Ry (Un)
Chicago Milwaukee St Paul &
Columbia
3%
5
(Un)
5
a31% a33%
5
Celanese Corp of America—'a
Central EurekEl Mining Co—.
Clorox
315
V
Feb
5
Jun
Jun
:'
16'
1
...
Corp
Chrysler Corp
Service
15
__
315
15
Sullivan
Pacific
a31%
33MjC
(Un)
Trading
Dry
__
5
(Un)—
Cement
Calif
Canada
5
A
&
315
*
/^ California Ink Co
;
100
(Un)
Corp
Jackson
Calaveras
lO'A
100
__
2
Co
(Un)
Hill
12% May
225
5%
(Un)
Airplane
A,; Borg-Warner
Bunker
160
1472
N A
Bishop Oil Co—_
Blair Holdings Corp
Borden Co
15y8
5V2
(Un)
Appliances
Home
Boeing
15y8
14'%
Corp
Bethlehem Steel
-
157a
14y2
1
(Un)
Aviation
Bendix
13
—100
(Un)
___________
California
Barnsdall Oil
Bendix
(Un)
RR
Petroleum
65
Feb
18% Mar
...
Baldwin
May
20
-
Feb
15% May
,
790
Jun
51c
'
48 7a Mar
50
19'A
19
/'May
23% July
31
/so
100
2.30
31
.
17%
1
Fibres..
Auto
a33
16% July
Mar
137a Mar
1,070
25 lA
377a July
v
9% Feb
24
Jun
May
20
327a Mar
144
25 V4
"
'Jan
10O
& Co
Nash-Kelvlnator Corp
National
14 V*
24Va
16
'■
110
-103
a33
10
Lode
Mother
."65
Apr
10%
Feb
8%
10
r
High
>
Feb
14
70
m
28%
•
18
Inc
Montgomery Ward
Morrison-Knudsen
May
9
Feb
alO
a35% a36%
al3% al4%
»13%
28%
Menasco Mfg Co
M J & M & M Cons (Un)
May
672 Mar
h-
'
1,010
,.■:
1
Meier & Frank Co
114% May
4%
610
-
f.nmmnw
May
56% July
Feb
31
105
'
6%
6
Matson
Mindanao
al3 al3%
6%
.v^g. 16% May
155
(R H)
CO
Marchant Calculating Machine
Mar
67
2,543
all0% all4%
a21.%
v 10
Jan
433
29%
3
'
Jan
143% Mar
37
Mar
-
756
a36Ve a377/8
29
IVz
Magnavox
McKesson
153'A al54%
54%
75
.
July
4% May
?
.
Low
High
a21% a21%
al6% al6%
'
Macy & Co
135
2% Feb
Low
a217/8
Range Since January 1
*
alO
1
2674 May
Mar
120
,
Sales
for Week
Shares J
Range
'
V-5
Loew's Inc-
HloR
:
23y2 Mar
135
5
Engine
(Un)
Low
a3'/a
a77/o
2.50
...—
Diesel
Corp
__
al53%
•
National
(111.)
*
100
Copper Mining (Un)
California
Anglo
Co
-
Week's
Las*
7
Lockheed Aircraft Corp
Range Since January 1
15
a7'/a
,
(Un)__*
.
Sale Price "i of Prices
*
Llbby McNeill & Libby
Shares aa
a3 Va.
a7'/a
..
,
'
■
Par
135
Alleghany Corp (Un)
1
American Airlines Inc (Un)--—«.«il,•
American Rad & Stand Sanit'y
of Prices
a22%a22%,
...
V.' 5
STOCKS—
Sales
for Week
*
LoW
'
Co
Packers
Range
Sale Price
Par
Exchange
Week's
Last
v.
-
JULY 30
Friday
San Francisco Stock
.';•/* i ■■!■:}?tA
(475)
FINANCIAL CHRONICLE
A*/An15 V
4,205
,
275
301 v' Jan'
Apr
31c
1.80
Mar
Jun
4%
Feb
10
19%
3,426 «?•
Feb
24% May
Jun
'
IXL Mining
Co
Johns-Manville Corp (Un)
Kaiser-Frazer, ' Corp.;
Kennecott
P2
Copper
Corp
75c
1
...
10
a35% a35%
.....
(Un)
__
go
10
10%
2,140
58
59
335
V 34%
Feb
8%
Feb
A
43
Feb
;"K
"
59% July
West
Indies
si:•.■".V
'
•
Kern County Land Co—^
Langeirdorf Utd Bk class A
Leslie Salt Co
..5
.*
1_.
...
10
—
46%
47-
"52
44
July
26'/2
..
v
26%.
204
26
Apr
34%
35%.
330
32
Feb
,
f
„
'V.,;
1
Sugar
Air
Lines
Inc
;;v
\.
.
-
Apr
28
35%
Jan
Westinghouse Elec. Corp (Un)j
Willys-Overlandi Motors*.."(Ua)
Jan
Wool worth
-'
(F .W)
(UnJ
a..
"
.
;
For
footnotes
see
page
42.
/• v
51
-
a
/a
--
*;
*
il2Va
10
)
*
100
15
1^.0
7
a7 /a
a28%. ' a287a*a28% 11
.A10% 10%'
a447s
a447a a45%
'
'
■
(*'-1"
-
7%
Apr
1074 May
Mar
16
2274 May
a_.
-Vi'4
J.'. *3"
'"
.
17
a72% a72%
17
24%
17
a77/8: .?
100
pfd
2472
a77/a
—
._1
50c
(Un)—:
25%"Teb
t: 162
>
87a
'400
235
v
<
46
io
Feb
May
33%' Juri
;
11% May
"
.
A, 49
'
^
I ovi'A\ Uii ■
■
s
> Juri i
A'
i H i'''
i ■;
i>*
:.
■t
40
•
—~.T
THE
(476)
.
"I
>
'
;
r*
% •
'
r
•
•
COMMERCIAL- &
FINANCIAL CHRONICLE
Monday, August 2, 1948
S\ '?
______
•
CANADIAN! LISTED MARKETS
RANGE
FOR
WEEK
ENDED
JULY
30
"*'•
STOCKS-
Sale Price
Par
Abitibl Power
&
Range
Paper
common....
$1.50 preferred
$2.50
preferred
..
*
-20
—
for Week
Shares
Montreal
Bange Since January l
Low
High
2,016
12% Mar
5%
Sugar
20%
1,336
17% Mar
21% May
37%
25
36% Mar
39
,
A—
class
preferred
13%
100
___
iqm
Algoma Steel 2mZ2.dzz-lz*z±-Z-^zzzz.
:
48%
18%
5
101% 101%
48%
49%
45
Tramways
Paint
National
Co
Aluminum
of
Co
Amalgamated
Anglo
Feb
Steel
i
101 % July
T-!
400
33% Mar
66 '/2
43
Feb
65%
Jun
25%
6,485
24
Feb
25%
Apr
11
11
50
10
Jun
13
Co
45
30
43
July
49
Feb
11
-50
•
Corp
Asbestos
—
Associated
iiatHurs't
Bell
Tel
&
Teleg
Power &
Brazilian
Trac
British
American
3%%
Bank
'
"
'
British Columbia
Col
Class
British
5
21
21%
585
168 168%
447
160
Mar
480
7
July
17
Feb
7.00
L
Ottawa
5%
•-
\
*
•
H
&
Power
7.30
19
19%
2,648
18
18%
725
174%
River
4 7c
•
cn
Rolland
22% May
24%
839
20'A
Feb
26%
505
24
Jan
3%
3%
3%
2% Mar
4% May
26%
26%
1,730
245
3
3
St
25
May
27% May
—
440
27
Feb
24%
-
.100
preferred _1
Canada Forgings class A
Canada
Northern
-Series
A
4%
pfd
J
'
'
j
J
July
100
Feb
Feb
36
July
SickiK.Sxenerles
34%
36
610
28%
Feb
36
July
21%
21%
723
14% Mar
22
>
..
-A
.
29
1,040
25
Jan
28
Jun
28
28
50
15
Jan
18
Canadian
9%
550
9
Mar
11
5%
100
98
101 %
Mar
11
Mar
10
12%
360
37
37%
81
35% Mar
42
Jun
20
20
20%
1,692
17% Mar
23%
Jan
comrrion
Celanese
$1.75
series
■
41
41
70
13
13
13%
290
16%
16%
17%
540
$1.00
•
series
Foreign Investment
Canadian
Ind
Class
Alcohol
class
Oil
Pacific
Cockshutt
24%
Companies
15
Mar
90
Feb
58
Zellers
23
12
21
31
100
12%
620
10
Mar
12%
100
10
Mar
25
195
Mining
20% Mar
14 %
Consumer^ Glass I:,——
May
11% Mar
15
12% Mar
Feb
!.
21% May
928
16% July
Davis Leather Co Ltd
class
A
Class B I
65
32
33
Mar
75
24
'*
Mar
10
Feb
*
25
*
25
Coal 6%
Dominion
Foundries
&
'!%
Chemical
common
certificates
Textile
Donnacona
Donohue
540
1U% Mar
16%
160
35% Mar
46
Jan
128
130
305
134
July
3%
22%
1,587
20 % Mar
23%
49
380
44% Mar
49
25
22
Mar
27
Apr
157/8
16
100
12
Mar
16%
Juh
15
15%
200
11% Mar
19%
*19%
19%
200
17'/2
18%
152
16%
22
6%-f-^-7"
; :e%"
83%
83%
4% %
38%
Ltd—
:
Eddy Paper Co class A preferred
;
*
*
;
26
26%
«%%*?;
Feb
28
Jan
34% July
37 %
Feb
23% Mar
25%
Jan
£0
50
Jan
25
2,109
'
,
3>d%
50
50
$200
t
;
Heat
&
Power—
_1949
'
•
26
:
>Jan
■ —
Montreal Curb Market
Jan
38
Jun
Jan
Jun
Feb
19% May
Acme Glove Works Ltd,
*
12
12
300
9
Jan
12%
Jun
26%
Anglo-Nfld Develop Co Ltd
5
20
20
25
15
Apr
23%
Jun
Limited-—::—
•
12%
12%
12%
940
10
Mar
13%
Jun
4%
4%
50
4
Jun
5%
Apr
5%
5%
9%
142
4
Mar
6%
Jan
300
55
16%
17%
2,105
24%
24%
10
32%
14
23
Mar
•
26%
26%
25%
25%
25
22
22%
200
22%
12%
55
Canadian Fundi
Range
22% July
20
12
12%
1,273
11
Feb
170
170
25
165
Mar
170
101
101
16
98
May
105
19
Mar
20
29
May
20
20
1,200
26
26
36
18%
18%
50
16%
16%
100
16%
16%
50
25 %
13%
.5%
May
Glove*
17%
Columbia
Brown
Company
Preferred
of
13%
13%
13%
3
7%
7%
545
115
115
45
4%
4%
3,365
3% Mar
108
110
100
78% Mar
19
220
^—10Q
4>/a
108
^
18
1
common—
Malting
Canadian
Food
20
Jan
Canadian
Gen
Apr
108
2% Mar
4
Jan
17
May
18%
18%
19
90
18%
Feb
103%
103 %
102
'
13
T
Mar
8%
8%
8%
300
6%
Feb
33%
33%
33%
150
23%
Feb
50
48
48
48%
360
•
51
50%
51
1,135
•
15%
43%
Sugars.
:,
14
29%
35
Bronze
30
preferred
30
30
50
10%
10%
10%
100
23
23 %
75
36%
common
35%
36%
1,775
25
International Nickel of Canada—
Paper
common
Petroleum
International
Power
International
Utilities
Co
•
62%
15
Ltd——•
_i
j.
Corp
62
t)
64%
13%
45
13
13%
—
5
2,845
13%
45
13%
*
,,,
4,541
25
.
• -
370
1.25
12
16%
Vickers
Canadian
Western
Catelli
Food
Woods
Ltd
common
46
Neon
(John
A)_
Jari
Jan
Juri
Consolidated
Feb
13
Jan
14%
_y_.ll— L
Hosiery Mills
Ltd
class A
15
Mar
27
39%
21
29% Mar
Sec
Stand
class
52%
Jun
Grain Ltd
53
jurf
Cub Aircraft Corp Ltd
13%
(R
20
.
L)
;
—
"15-
,27
Feb
s
,./32%
Jan
<
Dominion
Woollens
&
Worsteds
20
100
16% Mar
14%
75
14% Mar
12%
-
"c21% May r
12
120"
Mar
B
•
•
13%
•
CIsee
20%
/
page 42.
19%
:
10%
8
8
•
J_
t
10%
•
,
.
Massey-Harris
McColl-Frontenac Oil i_
H'„
20%, 21%
13%
{19%
14%
19%
9
12%
5
Mar
16
Mar
...1,470
■tl
11
Feb
175
1,045
300
I
Donnacona
Paper Co Ltd
Mills
Fairchild
July
July
;
Jun
100
9% Mar
16
Feb
v
Feb
3
Jun
167
July
27%
Ltd
Aircraft
Feb
—
13%
50c
3%
6%
35c
July
16% May
21% May
6%
Feb
May
Jan
Jan
July
Jun
8% July
Apr
45c
8',277
605
9
18
90
16
.
8
25
45C
400
32
28
14%
38
Feb
Feb
■Mar.,,
21% May
-
-'26% July Vr-
May"
*
Jun1
,:.'''i8'%;vFeb.|V/
7'A Apr
95c4 Jan
45c
Jun
30
30
Feb
32
38
75
33.
Feb
15%
25
10% Mar
39% Jun,
18 »A Jun
,
.
Vv.
'
22'A
18%
60
1.25
1.25
20
2,255
18%
325
22
;—•
28
Jan
14% Mar
20 %
31
•
1
Fdrd Motor Co of Canada class A——*.
Fraser
Jun
.
18%
;Jan
Apr
80c
23% May
AIV
.:
19%' Jan
1
Mar
36!/2
t':
Jari
&4ar
•
>
2 Ve
.
Jari
■'
Fanny Farmer Candy Shops
•
52
Mar
20
26%
'
31
—5
30
Apr
46'/* Apr
25
8
preferred———20
Ltd
.
4% May
Apr
11% Mar
40
4C
---
2%
40
2%;
15
Companies
—^
Great Lakes Paper Co
Halifax Insurance
Ltd com
24%
.
1
%•., &9 ,4
__*\
i-
Co i.4———10
.
.
—
24%
59
17%
24%
1,169
11%
11/8
21
1.005
,!4
4
150
23
49
;
.271
yjan
.42% Feb
J6.-%Feb,
3/ill Vi July
CVtb
Jan
3% Jan
2Ve Mar
8,650
July
8% May
:'23
Jan
May
>
39%
r
Feb
'
3%
26
570
45 c
Fleet Manufacturing Ltd —_„—_„_*
MacMlllan Export class A
75
Jan
Mar
«Apr.A
15 •'
July
25
Jun
24%
30c
100
60c
19%.
•
Jan
Jun
13
>V; %
;
29
12
6%
8%
27%
*
*
Limitee class AJ——50
Frere
-
.25
60c
;
,
130
20
.
6%
60c
Jun
120
,r
12%
Feb
1.45
925
'
8%
6%
*
12%
Jun
Jan
8
20
18
preferred >
Jun
16%
5
52 %
18
5%
Ltd
Linoleum
*
20%
50
61%
1,500
25
70%
16
35C
19%
Mar
: :
12%
26%
Mills
Mar
Mar
29%
com__^
Textild
&
100
Jan
Jun
Apr
19% Mar
5
Consolidated
Oilcloth
59
May
Feb
14
4,325
Jun
11
10% Mar
155
Jan
Dominion
15
6l/8
115
8% Mar
1,600
4%
Lithograph Mfg Co Ltd-*
Consolidated Paper Ct-rp Ltd—
*
46
39
2%
'
35c
A-*
*
120
Jan
7% May
'
12%
—
5
—
Div
Juri
15
16%
134 %
Feb
15%
200
29%
*
common—•
preferred
20
■
Feb
Jan
44
..14
.•
36
4
155
Consolidated
8%
25%
120
*
Ltd
Alcohols
Commercial
July
92
14%
■__*
2%
100
34
9%
74
.
35
4
Ltd .com
*
Ltd common—*
Adv com
*
Preferred
Esmond
common
General
f :
-
July
July
1.00
4% Mar
1,165
2%
preferred___100
Co.
2
Mar
29
•
—_L—*.i*:
Products
Chatco Steel Products
Claude
85% July
22
22%
•
""74
Lumber
Jun
25% May
Feb
7%
Canadian
Jun
23
24%
13 %
205
36
1
'—4
Jan
1.95
14
Jan
17
22%
•
100
24
24
*■
10
17
Mar
74
80
Ltd-—>—*
Canadian Marconi Co
David &
(John)
Jan
Apr
16
40c
100
10
com
Canadian Ingersol Rand Co Ltd——
Lt & Pr Co__
100
19% May
July
48
,10
48
•
,
Ltd
Investments
July
53%
Mar
985
•
100
___100
common
56
May
49
Jan
45%
'
18
*
Ltd
Co
Products
Canadian Industries common
97/a May
35
Mar
85%
;
15%
44
45
I
:
7%
775
Jan
Apr
265
VancouvLtd_5
Ltd cl B__*
__
Packers
Dominion
&
Canada
87
16
45c
——
July
15% Mar
100
15%
45c
*
Jun
91
425
91
20
17
45c
A—
Pulp & Paper Co com.*
18% May
16%
90
400
High
*
♦
20
:
Columbia
British
18 % May
16%
105
*
LOW
5%
10
17
Ltd class
Distillers
&
Brewers
19 % May
14% Mar
90
2%
B___
Binge Since January 1
Jan:
11%
Jan
preferred
Brand A MUlen
July
16% Ma r
16%
2%!
class
Paper class B'
& Hosiery Co com
Bathurst Power &
Jan
Jan
*
Prod
Fabrics
Auto
27% May
Sharei
High
Low
27% May
Feb
Sale Price
Par
Steel
Salei
for Week
of Price*
Week'i
Friday
STOCKS--
Jan
22% Mar
23
' Mar
85%
For footnotes
25
35
24%
35
810
34
45%
c»
330
240
25%
34% :
24%
10
;
Feb
35
34
24% Mar
-
Jan
Jan
30
34
•
4%%, preferred A——
r
21%
23
35
Industrial Accep Coip class A
•
20
21% July
25%
20
Jan
220
Mitchell (Robert)
174
791
21%
28
25%
Class
20
L %
20
-.10
Feb
25%
preferred
Jun
■
23
25%
London
May
-
50
782
6%%
May
29
50
26%
3,709
Lindsay (C W)
July
45
Apr
295
26%
74,034
Sons
23
Apr
27%
791
43
26%
1.45
&
Feb
34 %
-26%
43
:• ••
27% "-27%
Jun
15%
Lang
20%
26%
Jun
21%
_•
common
___
Lewis' Bros Ltd
May
Feb
•
Ltd
Intercolonial Coal
■-.
28
75
16
13%
the
22% Mar
25
31% May
60
1.25
of
96
20%
13%
Laxe
8^'a May
69% Mar
24; Mar
20%
1.30
Ltd
Mar
625
20%
13%
Labatt
5
440
Feb
*
.
Rights..
International
Jan
Apr
27
100
Mining & Smelting
International
97
80'
298
Imperial Tobacco of Canada common_5
4% prefererd
25
67o
Jun
Jan
30
•
:
Hamilton Bridge
International
89
67 f
550
93
27%*
25
43
Jan
10%
Feb
100
__
Howard Smith Paper
$2 preferred t_
Oil
7%
90
.
26%
26%
Canadian
;;
''
29%
9%
•
Bakeries Ltd
Imperial
.
255
29%
*
Gypsum Lime <fc Alabastine
'
May
' --v'20: Jun
5% Mar™,v ;' 8% May
Feb
22% May
33% May
1
common
preferred
Hudson Bay
May
•
16% Mar
20
Players Canada Corp—
preferred,
General
15
79
7%
91%
•
j
____.
Canada
it: 5%
16
21
;
25
>
Power
Feb
Jan
100
pfd
Corp
Enamel & Heating Products
Gatineau
Jun
July
525
•
Electrolux
Co
1,250
83%
79 1 y'78%'
Worts—
&
——
Light
notes
'
Brit
Famous
Mar
37% May
'
_100
Dryden Paper
Gair
109
Jan
10
•
common
Paper
Bros
102 % May
19%
23%
preferred
•
14% May
Jan
41
25
•
BONDS—
Belgium
.
Mar
'
...
10
25
class B
Ltd
preferred
Dominion
12
101
July
18%
*
Coal
&
trust
Jan
18
18%
20
&
Tar
Voting
130
150
14
10
-Montreal
Atlas
Red
15% Mar
•
Steel
common
Stores
Dominion
360
*
preferred
preferred
Dominion
17%
13%
11%
Last
Dominion Steel
July
Feb
25
.__
Bridge
Dominion
,
lO'O
10%
•
Dominion
7%
93% Mar
230
•
_
Distillers Seagrams k_;
Dominion Glass
512
12 %
25%
10
Juifc£
-91%
37
Jan
99%
48
•
Montreal'
Jstn
100
9,265
37
68
25%
_•
Royal
16 y2
37
54% Mar
22%'
100
common
tzi
Nova Scotia
13%
37
May
1,150
-10
Commerce
Jan
18%
*
July
17
63%
61
-
18%
z.
-
Apr
16
*
'
Crown Cork & Seal Co L
45
Feb
375
48%
commb'h—
Ltd
13%
13%
*. -4,715
Feb
11
545
130
*
Corp
Cotton
30
17%
114 116%
37
44%
■
,
Canadlenne
May
16
114%v
Jun
Feb
41
_•
________i__
Canada
Banks—
Jan
36
17%
li
&, Smelting
Apr
39
■i
29
July
22%
Mar
26% Mar
10
Jun
103
11%
com__^
preferred
r
Consolidated
Jun
vv
41
Wlm»ipegsEle.cti1(P7coinmpn^.-,...-i.
39% July
35% Mar
12
—
Jun
May
21
C-
r
Walker, Gooderham
Jun
25
;
of
W a basso
Jun
18%
93/4 Mar
15
•
Railway
101%
A,: 28%
42
/•
44% May
Feb
34
12%
—•
Plow
-
12
24%
*
Canadian
<
31
*
A
15
-Vy
102% 102%
•
com
Canada
WestphiUOeo) -common—
25
—
Locomotive
Canadian
-
23
405
39%
*
B
84%
39%
.25
Canadian
Canadian
83%
:2"5
— __
17
lO'o
pfd—
common
preferred
Co
6%
Canadian
Feb
Jan
16%
99 Vi
>
_J__
United Steel
14% May
•
•
common
153/4
Jan
100
12%
t.
Bronze
24% Mat*.
25
405
20
14
Standard Chemical common
Jan
37
•
Canadian Car & Foundry common
Class A
ii-£-2Z-Z2ii:lmm-t.ZZJZm*~. ~20
300
340
38
.
Southern Canada Fow^r
May
9%
12%
A
Jan
May
15% .15%
■
,
61
•
May
29
•
52
12
15%
.100
<>.■
•
Mar
43
%
44 %
44%.,
v-«>wVoting .taust:^
21
150
May
25%
15
,
,
99
100
Steamship common
preferred
Canadian Breweries'
Jan
'
26
.
May
(
99 Vi
•
■
' of
21
—
5%
45
Mar
23
-
-
prefeired—i.—50
Sherwin, WittiSritts
45
4
Canada
July
Mar
18
125
566.
101% 101 3/4
i_„___
Shawinigan Water & Power
Apr
Steel
Canada Safeway Ltd 4%%
Juri
24
26
41
20%
—
•
cum
St Lawrence Paper 6%
80
4
•
Corp
,
-•
38
A-preferi^d
99
-20
Power
...
,
pfd
Southam
$1.30
:
—
4%%
34%
•
common
41
Feb
21
26
'41
*
*
100
common
Power
31
99
.
Building Products
Canada Cement
786
50%
—•
•
30%
♦
49%
•
'
.,y
'
Lawrence Corp Ltd
Glass
3% May
2% Mar
____'
A
_j.
Paper
Saguenay
Jan
19
26%
pfd
18 % May
Apr
:•
37
1,071
•24
26
21
Z-
Transport
Pnw*r
,
Can 5%
39
24%
24
41%
*
'__
preferred
Oiwhp/*
Jan
23%
*
Mills-,.—
High.
Mar
Jun
11
26%
•
38%
23%
50
100
Corp of flannda.
Provincial
Jan
22
16% Mar
.
22
-
•
common
Price Bros & Co Ltd common
Juiy
26%
.125
30
10
Low
v':;«■;•'.;V"iv I • W*\'z
preferred-—.——
Power
Jan
68 %
17% Mar
18
common
155
23
'
•
'
Page-Hersey Tubes
29% May
Jan
61
19%.
*
Co
Corp Class A
1
Rubber of
68
168%
*
Power-,.
Forest products,!...
Power
Bruck' Silk
&
Oil
B
24% Mar
0
Note
38%
*
Mines Ltd
:
'
Powell
7%
5% Mar
197
21
100
preferred
conv
500
68
i
-
_
Light
Amer
7%
26%
i
_
Ltd
British
6%
26'A
-
*
pfd
a.-
Mines
7'
•
'Paper class A
Telephone
Bralorne
British
•
common—.
Corp'..%i^i.v-i--—
40 Va
23
23%
1:
'
Argus Corp Ltd
14
Feb
45
/
Car
Ogilvie Flour Mills common
Electric Rwys
Api
452
25
.0
Corp
4%% pfd
400
'
—
.
Weaving
Wire
Noranda
19 % May
Jan
16%
100
58%
25
..I
pfd
4%
Electric
Tel
Can
Can
17%
40'/a
100
—
~-r—
Breweries common—
National
Apr
56'A
56%
High
16%
16%
:*.•
Works
Ottawa
•
Aluminium Ltd
Bange Since January 1
Low
19% May
20
Murphy
Niagara
Acadia-Atlantic
Shares
■
37%
37%
Locomotive
Montreal
Hign
18%
20%
20
;
17%
17%
for Week
Sales
of Prices
Low
..
Sales
Range
of Prices
Par
Week'*
Last
yw-tv
Last
Sale Price
6TOCKS-
Canadian Funds
Friday
Vfeek'l
Friday
Montreal Stock Exchange
•i
-
■'••j ./ti.'.)
Juh
62
Juri
20% Jun
15'A; Jari
f
23
-
)
Volume,!68
Number 4721
COMMERCIAL j & FINANCIAL CHRONICLE
THE
LISTED
CANADIAN
FOR
RANGE
•'oA'-.i- ^
Friday
3
.
Week'*
Last
Range
•
STOCKS-
Sale Pries
Lambert
(Alfred)
Inc.—.
9%
17%
17 Va
+
Ltcf
Maple Leaf Milling Co
Low
•
50
18%
9
1,475
43
42
305
Jan
12%
V
Mar
19
—
Frida*
Jun
44
-
May
13%
.
CaAad&rf
10% jari
.
Jan
-38
13%
25
10% Mar
19%
170
19'A May
20 Va
..
STOCKS—
Melchers
Distilleries
Minnesota &
V
Ltd
1
1
CM 0
27%
_
0
6%
preierred
-100
~
'
-i
•
—
••
.
<1
Orange
Crush
Ltd
.
97
20
93
Feb
5
25%
74
60
20
18
111
74
Mar
20
•
25
74
ZZ~5
•
.
90
5
5
__
27%
97
--
»
com
27%
25
100
111
25
.
11%
7
7
15%
15%
15%
ft
....
-
ft
Ltd
-100
110
Feb
75%
20
5
Apr
10%
5% Mar
100
13
Service
Reitmans
Russell
Stores
110
17
107
May
111
54
38
52
Mar
56
11
11
11
55
10 V2 May
7%
(Can)
(Canada) Ltd_
Ltd
6%
red
Southern
Canada
Southmont
United
Pr
Invest
6%
Co
5,755
17
25
17%
110
110
21
37c
2,464
_20
loo
pfd
Ltd
7%
17
17%
37c
pfd
17
17%
5','r
Industries Ltd
I
...
Amusement Corp class A
B,
iT
.
Class
37%
United
Securities
Westeel
Products
Windsor
Hotel
37%
47%
47%
19
Feb
12% Mar
Mar
10
Feb
35
60
Feb
47%
100
;
20
596
32
32
——
Ltd
23
32
10
9%
23
8%
9
Apr
Larder
■■
Jun
pfd—
Aubelle
Mines
Band-Ore
Base
-
Beaulieu
Bobs
\
Mines
1
Gold
__i
Mines
Mines
Mines
10c
Ltd
Ltd
l
Ltd
Ool/ ui
v«tnutti
Donalda
>
Red
.vxuiea
Ltd
Steel
4c
Giant
Mines
Goldora
Gold
Mines
6c
12c
Mines
i§. Jack • Lake
Ltd
Gold
Shore
22c
500
44c
July
72c
19c
Mines,
May
2.70
Gold
600
1.33
27,700
55c
12c
500
12c
Mar
'7c
Mar
9 VaC
3,500
2%V
17,000
8c
1
9 Vac
2%c
8c
1,500
8c
4.50
2,000
3%c
3,000
3%c
iOc
12c
12c
13c
8.75
8.75;
9.00
425
Ltd
Mines
Ltd
2c
May
3 VaC
3 Vac
1,500
3c
May
6c
38c
509
25c
Mar
52c
100
12
Jun
15c
Feb
8c
Apr
15c
Feb
16c
18c
5,000
15c
Mar
25c
Jan
10
10
50
10 Va July
3%c
3 Vac
5.000
3c
Jun
Malartic Gold Fields Ltd
l
1.70
1.70
1.70
100
1
33 Vac 33Vac
300
Pen-Rey
l
Mines
Gold
1
Mines
______l
68c
*
20c
.50c
106
-.-1
1
35C
Buffalo
Red
Building
1.95
Bunker
Apr
Feb
4:05
300
14c
3.95
17,500
1.90
400
25c
10c
Jun
Burns
Jan
5.80
70c
i
25c'
footnotes;see
67c
2,200
'
Mar
Feb
25c
Mar
17o
Jan
13c
May
29c
Feb
1,600
28c
May
57c
Jun
1,000
3c
Jun
3c
,
1
•
25c
6c
25
19%
2,251
17
Feo
22% May
1,334
20
Feb
36%
480
25
Jun
27% May
91%
95
90
July
3%
900
3
Mar
3%
3%
7%
7%
8
•
26'/a
3
320
22c
22c
24c
30,000
Linen
Calllhan
25c
July
376
Jap,
6,700
15c
July
99c
Jan
1
16c
18c
1.36
1.38
Flin
1,800
1.25 July
2,200
3,500
6c
Jim
7c
100
Mar
•
2,40 Jan
8c
7c
35
35%
135
28 VA
5c
500
3'/2C July
5%c
31%
31%
35
21
Apr
31% Jfuly
19%
90
13%
Feb
20
July
8
300
7% Mar
9
Jun
7c
1,000
15
15 %c
Feb
25c
,
Jan
Feb
35% July
Apr
CCment
Malting Sh
Jan
Canada
Canada
Northern
Canada
Pabkers
Canada
Permanent
Canada
Juri
200
1.45 Mar
35e
'80c
Mar
1,800
99c
Mar
5VaC
2,500
4c
11,000
9.10
450
-
.26
2.08
500
2.50
1,100
5c
.27
2.40
5.90
6.10
300
July
I9V2C
1,60 MaF
900
Breweries
Canners
Class a
9,000
2,050
Feb
Juri
1.25 Jan
7.80
8.35
1,180
5.25, Feb
9c
1.10
5c'
5 V<c
8c
18 V4
I8V2.
95c
4,500
•v^-i'125.
■■■-
495
48%
48%
25
9'/a
100
37%
40
33
Mar
38
182
185
75
182
July
2Q1 Va
11
'
20
Feb
July
3.00 Mar
22% May
28 %
21
21%
20 Vi
20
20 Va
20%
20%
20%
—-120
y
20
-
«
Canadian Ice Mafemhb btfm
Industrial
Apr
10
Mar
17%
365
84
150
39
125
-
-v.
,
wj
100s"
10
90
6
6
12
12
24%
24%
12 Va
24%
65c
*'
Jun
89%
July
.39% W
16
Mar
25V$ Jan
8
Mar
12 Va
90
77% July
Jun
Feb
%
6
5% May
330
1Q
Mar
21
Mar
30
65c
65c
July
345
it. mi
99% Mar
July
Apr
Jan
lit
100
2,500
13% ,13%
13%
400
.100
"
,
102
102
35
17%
18 y4
7,770
88c
Feh
l
Jari
5
98 Va IViar
BOO
1.00 July
.1.50
•800
44c
4,000
1,170
1.20 Feb
4ic' July
3,1.08
1.10
1.47
44c
1.15
1.15
—1
I
1.50
Oii ---i------—*
..Central Patricia Gold Mines—:
-1
44c
•
'
"•••'
&4m
Jliri;
21% Jun
103%
»
!*
Jan
2.65 Jan
S 1.80, Jun
;'
1.05 Mar*
•!;;)'u
-
103
12% Mar
102% 102%
17%
Cariboo bold
CAstie^Trdthewey.
■—
18 Va
Feb
34%
*
Railway—26
.1
,
120
80
Caffadlah Utilities ptefbrred ———100
&iCentral i; Leduc
r
21
*
—*•
CShadfsh Oil Coi co'mftdA
5% preferred
I'
„
1
"A"
'
—
>
14t» Juri
15 Vs Apr
56% Feb
^
10
21
*
Alcohol
Jim
23
50
'
.1
v :
Canadian LocomotWs
; Canadian' Malartic
28
85
77%
—
J————~— 700
-
,Jas
May
26
39
Jan
24>
22
13%
83
Jun
July
17
17
83
—i
""
26
-----25
;
May
23
13 Va
26
———•
Jan
31
17% War
16% Mar
1,460
•
Apr
14
21
175
;
Mar
21% Mar
575
•
53% Jan
11% Jan
Apr
9% July
10
21%
43 Va
200
28%
——-—
Canadian Dredge
1.82 May,
t6c
12 Va
28%
10
common-
^i
Frbferred'
9.65 May
32y2c Apr
Mar
12%
*■
Canadian Food Products cbmmon—
2f.2$May>
-
21%
<■
com
t
32c
July
5c" July
;. Feb
16
Jan
207/s
Celane^bO^on—II;—•
,,
300
65c
100
?
Jan
July
7.50 May
Jun
110•
5,000
,
Jun
Mar
245 Apr
14% Mar
Jan
9c
3.50 May
3.75
15c
1.84
18c
34c
37%
Wfffe & CaMb class B„
■%
Jan
4V2C Jan
2.79 Mar
July
14c
Feb
1,600
4,500
A
CaAadiah Car coDimoA
Jan
9.10
Feb
1.80
6c
38c
2.65
9%
Mtge
Canadian
"
2.40
cldss
C&ft&bHan
«7C
2VssC; Jiiti
4.75
13,500
38c
48%
Htdc -;A0V,'
13c'
July
2.50
Power—
1st prbfbrred
■'
Feb
3,533
i.l& Jan
Apt
3.25
Apr
8c
.
7.60 May
21%
Canadian Bank of Commerce
l.Ol Mar
2,600
15
Feb
•
Calhada Steamship Lines
1.12
Feb
3.65
38C
warr
May
2.45
Feb
15 c
2.65
Feb
65b
May
39c
12
May
1
common
17C
1,000
7,150
12 VaC 13 Vac
17c
45c
50
6.25
7c
1
Jun
13
'
15
5.85
Flon
July
8c
8 Vac
1.10
-"■|
98% July
6c
6.00
Oils
cue
\!V
f-' r-
May
May
200
6,600
commorl
Canadian Pacific
18%
35c
99
26c
7c
Jan
2.650
8c'
4—.ir_.
Feb
99
„—
Canada
July
.
t
Mar
•
3 Va May
25c
—
6c
1,500
2.43
8.25
16c
July
8,
27
Jan
Apr
100
A
Apr
10c
2c
——•
2
7%
class
2V4C
100
9.00
:
24%
Jan
4% May
19 %
Co
15 »/4 May
12c
3 Vac
14c
99
4V4 Mar
220
3
Jan
23%
675
26
B
July
2 Vac
1.34
5.50
11. Jjan1.00 Feb
■«
July
5c
'
1,000
5c
2.40
25c
36 %
35
Apr
13
1.25
9.00
6.30 July
480
6d..,Jan
•
24%
23%
*
Product*
&
,
91%
23%
Hill
Cahnont
"
1.32
1,81
10c
1,500
37c
7c
I4V4C May
Feb1
19c
100
5Vac
1
page 42.
3,000
12c
15c
'
Burrard class A
2.00 Mar
•
July
:
20,500'
53c
Ortrnitrans Exploration Ltd
For
Jan
Jan
20c
May
1.90 July
12,500
52C
Ltd';'!—*
hyalite.. .Oil!; Co Ltd1 lL-
28C
36%
Calgary & Edmonton
52c
Homestead Oil.,
i
Jhly
19
Lake-
2.17 Jan
2,400
—
I
Feb
15c
40V2C May
x.xa
Jun
4,350
25c
6c
Jail
Jan
174%
60c
91 Ye
♦
Jan
25c
Mar
Mar
1
1.50 Mat
1,500
.,
kjfOk'altft Oils Ltd
'■'
B
1
1.45
_
Ltd
class
A
22
Mar
9c
160
:
July
"
Products
July
July
24 %c
21c
100
pfd
17
50
22,000
1,142
7.00V 7.40
-
1.30
Canadian
Oils Co
•
Jan
5
Mar
7,200
36c
19%
Ankerite
1.90 Jan
:
Co
7.15
38%
July
4Va July
9c
.Jan
37% Feb
34c
—25
Oil—
1,900
1.80
36c
*
Gaspe Oil Ventures Ltd—_i.i—
•
Canadian
i.s.;iiitr-r
Gil
com
preferred
Calder-Bousquet
9%c
1
33
28
-
lbc 17 %c
.
3c
Buffalo
Oil Stocks—
Pacalta
Rubber
5%e July
9c
LI f Ari01o-Canadian <8il - Co ltd——
E
Calgary & Edmonton Corp Ltd.
Hdme
Dominion
Jun
35C
Ltd'.-'-—
'±1:: 1
j Wright Hargreaves Mines? Ltd—.
New
-y- r-*
8C. MaV
Feb
34% May
~3
Preferred
Waite Amulet Miries Ltd
'|i Consolidated
Power
Buffalo
1.12
_.l
Vinray Malartic Mines Ltd.
30c
37C
B
Feb
2.35
r
-—1
—_
Westvlllb 'Mines
lbC
20 %C Jan
July
July
45c
2,38
—1
Sulllvari C6ns Mines Ltd—
21
ii——•
Buffadison Gold
'
Ltd
>
Broulan Porcupine
'
8i8coe Gold Mines Ltd
i
Packers
Columbia
2.74
10c
:
45c
Soma-Duvernay Gold Mines Ltd
—1
Stiidacona Mines (1044) Ltd—.-——*
a
Columbia
1.48
lie
-50c
Thdrbois Mines
!«
A_-
Forest
Mar
88c
2 VaC
ShCrritt-Gordon
i;
21%
9 VaC 10 %c
—I——1
Columbia
1.55 Mar
13
1
5c
25
50
167% 169 V*
.a..
class
5Vic July
20c 21 V2c
8c
8c
.
8V2C Mar
•
10c
*
200
■
Ltd
700
87,250
11c
1,000
68c
.
—
Senator-Rouyn .Ltd,—
Sheep Creek Gold Mines J,td___
Mines
5
■
15c
July
4
—
38%
5
——1—1
5,700
25c
Ltd—1
.i
33
4%
2'0%c24VaC
33
23c
10% May
Apr
50
168
Campbell Red Lake.——
—
34%
1
1.35
"
r__.
220
ft
A_
Mines
8c
33 %6 July
80c
May
2,000
1.90
»
Mines Ltd
Safttiagn Mines Ltd 4
ft.
1.06
13c
-—i
Co Ltd
2,500
26%
34%
34c
Mar
1.65
9%
2,500
5%c
Gold
Caldwell
Quemont-Mining Corp Ltd—
Mines
15c
5c
25%
.-—-—100
2.74
1.75
—
Rochette Gold
class
——
5V4C
4.05
—_i
Manganese Mines
Yellowknife Gold Mines
Re.d Crest Gold
Power
2.50
i
Ltd
13 %c
26
ft
5%C
2.65
___i
Ltd
Quebec Gold Mining Corp.
Quebec Labrador Development
Quebec
1.35
&
—
Dredging Ltd.
15c
5%c
ft
Yellowknife
ClaSs
Pickle Crow Gold Mines Ltd.—
QUCbec
1.05
~
Mines
Gold
1
;_10
Electric
British
i
14% Mar
McKenzie
,
16c
14% Mar
250
42c
Ltd
13% Jun
9,700
——10
Columbia
British
Feb
13
40c
Cons Gold
3c
10 Va
1
Corp Ltd
10 Va Mar
870
•
Jan
13
8,600
Pato
11c
10Va
10,000
Mines
49 %c July
12c
Mining
&r Milion
Class
May
52c
O'Brien
i
Feb
38c
58c
i
Jan
1
Lake
Jun
.
FCb
10c
—
Scotia—
British
Jan
12
1,000
51c
Gold
24c'
Jun
1
Dredging
10c. May
:35c
12c
Feb
10
British
\
s
Mines
Ltd
Mar
5,200
1
—
British
Jan
2c
54c
Calumet
7c
2c
'
4c
•4.50 July
Jun
1
-
500
I6V4C Jetn
9c
British American Oil common.3%^
conv
preferred-
Jan
Jun
52c
Norpick
12c
4c
—
Mar
500
Kirkland Gold—
Brand
1
501
—
6c
5,200'
,39c
Jun
14% July
12c
Brazilian Traction Light & Pwr
|
6c
I
Mar
Mar;
July
12%
<1
Bralorne Mines Ltd.,
t
Jan
6c
1
v
Jan
5c
48c
Traction
Bordulac
Jun
1
Ltd
7% May
15c
15c
46c
-ii—__ _i
.
Telephone
British
Mines
14%c Jun
Mar
11
7V4C
Bojo Mines Ltd
.
6V4C'Mar
20o
Mar
8.50
54c
Normetal Mining
I 56
4.45 July
1,509
5
Ltd
6c
31,500
7%c
--
Bonetal Gbld
Feb
23%c Feb
July
4.45
3%c
Feb
0VaC Jun
12c
Tbronto
BidgOod
Jan
*
IV2C Jun
3%c
••
24c
3i0%c Jtm
1.65 Mar
v
l
Red
1.09
Mar
12c
—
2.70
1.16
1.23
5% Mar
8c
Bojcon Pershing
l
New
Nova
Bevcourt
23 Vt Mar
Mar
18%c Mar
l.cOD
I
Mines
Gold
Mines
20c
Bell
I3V2C Jun
16% July
19c
225
2,500
7c
Montreal
Bathurst
Jan
53c
500
7l/a
9%c
Jan
July
Macdonald Mines Ltd.—
Cons
22c
Mar
J; Louvrcourt Goldfields Ltd
Nechi
Jan
5c
1,050
-
Lingside Gold Mines Ltd
)
of
Base Metals
Jun
8c
12c
2,000
44c
6c
VaC July
6 Vac Mar
Mar
5,000
17
1
Gold
Addison
5c
1.18
-
Mar
63c
l
Mines Ltd
Lake
Feb
10c
66c
i
■| Joliet-Quebec Mines Ltd
Kerr
56c
3 Vac JUly '
44c
l
_-
—
Ltd
Consolidated
Jun
16%
3.43 May
9.20 Apr
July
4
35
A
Mines
Bagafnac
514c Feb
July
44c
3cr
aoc" Jut*
4
Jun
1.35 Mar
Jan
24%c July
4,000
-
class
of
16%
•
Ltd.
kHollinger Cons Gold
J-M
6 VaC
►
12c 12V4C
1
Mines' Ltd
'
-
Fabric
Bank
I7V2C
2Vac May.
*
Mines
Hudson-Rand
Aumaque Gold Mines
of
1
-
Ltd
Yellowknife
j Goldvue
Uy2c May
Bank
500
1,000
12c
Jan
18c
Apr
8.25 May
13,000
Bankfield Consolidated
3,000
12 Vac 12 %c
Formaque Gold Mines Ltd
l
Found Lake Gold Mines LfccL—1
Francoeur
4c
4%c
25% July
738c
Jun,;g;
—1
Jan
Jun
-
Jun
12%
:
Jan
2c
Jan
Apr
,
III—-ITIi
7c
1.10
1,500
—1
Yellowknife
Aubelle Mines
22c
100
9.00
3 Vac
7c
ft
Mar
9,000
1.15
8c
3,500
9,350
2,675
14 Va
—
5c
24c
Mar
IOC
7c
Atlantic Oil
Jan
3%c Jan
Jan
13c
Jun
9%c Mar
13,000
3c
1.15
~
1
East Sullivan Mines Ltd.;.
Eldona Gold Mines Ltd—
V
26c
12c
14 '/a
—
——1
-
■
Jan
""
24
7
—1
s!¥fc,
Mar
74,600 V1 ;4i0c
65 Va
*
Qn&teft
12c
.1,000
3c
12 %c
kta
Ltd—
El
!
3fc
24c
l
!
j
16 c
44 Va Mar
4,200
v
2.66
20c
'
l
:
Lake
Mines
Gold
5,000
355
9y2c
"IIII"10
A
011—..^
.7c
,.
Apr
57
12c
ft
Hardware class
Gold &
Beaulieu
I
Sol
2,000
3c
1
Duiauia uoid Mines Ltd—
{
5c
10c
11c
25c
cttuiucti
Mines Ltd
eDome
11 %c
1
Explorations
Cournor Mining Co
Dickenson
2.00Q
36,200
5c
Mines
Cortez
«
8c
24%c
10c
10c
1
Mines Ltd
Cheskirk
Apr
21c
23c
__l
Cartier-Malartic Gold Mines Ltd
Central Patricia Gold Mines
;
8c
3c
Jan
25c
3'/tc July
4 VaC
;
Athona Mines
July
33%
12
J
Jun
33 y* Mar
8.75
II-IIIIl'
Afttnrfh
July
-
Apr
1,900
12c
2c
14c
Apr
8Ts
.350
3%C
8.75
illllllll
Barcelona
Candego Gold
v
9c
1,000
Jun
380
2.50
.—
Gold
dmuk
Yellowknife
Lake
9%c
2 Vac
7%
July
8c
July
3,000
14c 14V2C
Resources—.—.
Astney
Auto
Ltd
Corp Ltd
•
Lake Gold Mines Ltd__l
Bonville Gold
u
—1
Mining
Beatrice Red
I
Ltd
Gold
Metals
2 VaC
49
25%
1
_•
Atlas
Ltd
4c
58 y4
—11III1
Consol
Ashdown
Stocks—
Mines
2,050
57%
—
Milling
Arno
14c
25'A
.
Mines
Oil
Atlas
£i,
80
4c
Armistice
Jun
23
Mar
8
48%
...
Gold
Arjon
Jun
48
.27% Mar^"
Canada
Argus Corp common
Jan
24:
Jun
Apex
May
38
-
———i-
of
Area Mines
May
38%
Mar
6c
14c
•
Anglo-Huronian
Jan
42c
July
•
17
500
21 y« May
;
Canadian
Ansley
8
7c
:. ,i
'19% May
102
Jun
lla
Feb
35
9%
Ltd
8 Vs
Feb
125
Anglo
May
.18
37b
S81'
2l%
Feb
May
13 %
Feb
*
Limited
965
823
1
American Yellowknife
11V4 July
IDA.
35
21
21
-50
4%
16
610
35
United
Corporations class B__
If United Fuel Inv class A pfd
Jan
17% May
54
Rand
18%
7c
1
High
20%
IIIIIII1
Amalgamated
Mar
Gons„.
common...—...
Aluminum Co
Sines January
Low
20
•
Aluminium Ltd
14% May
.
—
_
Alger Gold
Bahge
High
101'/2 101 Va
—
—100
ft
Pa6ifio
Share*
Low
20
preferred
Oil
Algoma Steel
July
lOVa
&
for Week
18
Surpass
Albert*
Apr
111
Gas
Agnew
Apr
.'19% Apr
110
Quebec Tel Corp class A
Acme
27% May
109 Vr Mar.
;;
,
I, Paid Service' Stores
July
5% May
Feb
65%
3
■
97
Acadia-Atlantic
: May
4% Mar
20
1,440
—
11%
7
100
.
30
r
Salee
>
Range
of Ptices
-
—.
Ontario, Paper Coi—
corporation Ltd
mooxe;
Abitibl Power & Paper common
$1.50 preferred
Exchange
Funds
Week's
Par
Jan
Massey-Harris Co Ltd—
6%% coiiv preferred—'
McColi-Frontenac Oil 4'k pfd
'
Last
Sale Price
14% May
19 %
W
Toronto Stock
High
♦
lIIo
■
Rihge Sines January I
'
_•
■
.
9%
Share*
"7V
High
__
MARKETS
JULt 30
Sale*
Low
1
ENDED
for Week
of Price*
Par
WEEK
41
(477)
-s^fttWa' t-S+r****i**>!
.
.■).
„
|46c,.July
1.40 Jan
*,
*
-
*
j'.
-
KvI
■
"•
M
THE
(478)
42.
MARKETS
LISTED
CANADIAN
.RANGE FOR WEEK ENDED
Friday
■■'.
■■
—1
Porcupine
Chemical Research
•
1
Gold
Chimo
.
11% Mar
16c
13
500
30c
Mar
65c
4c
Mar
8%c
Jan
5c
4c
6,000
2.50
7c
1,200
2.35
7c
Cochrane
Preferred
Plow
Cocashutt
——
1
•*'
Conduits National—---—.
Mines
Coniagas
5
—
__
85c
2
Mines—
Consolidated Homestead OU—'—
—•
y®;Consolidated Mining & Smelting
5
114
——*
______*
8'A
Beattie
Consolidated Press class A
Class
>
B
i.
r
Conwest
Mines
f |
Mines
Delnite
—
309
—-—I
500
fi Dominion Magnesium
lie
Jun
32c
Jun
Imperial
1,695
21c
common
20c
Apr
—
2,000
Mar
1.31
6%c
1.27
6%c
1.32
7c
Mar
7.75
8.35
4,510
5.35
Feb
9.70 May
y
'
Dulama Gold Mines Ltd
rEast
East
•
;
Amphi
East
Preferred
8%
8%
50
114
47
Mines
25
615
15 '/a
15%
8,751
1.25
1.45
123,917
13%
13%
510
25%
25%
25%
Eureka
16% July
23% Mar
24%
Jun
27
14
Ltd
85
14
24%
14
15
14
51'A
80
50
Apr
Fleet
26
26%
820
22
Mar
275
6
Mar
Ford
137/s
19% Mar
12%
25
11
60c
69c
13,700
Exploration
Gatineau
Power
5%
36%
4,121
29 3A Mar
39%
13%
34,156
11
Mar
16'A
Jun
57c
40,650
40c
Mar
84c
May
8'Ac
8c
July
12c
Jan
48c
8''Ac
3 'Ac
500
15c
15c
1,950
39c
33c
42c
22,100
6 %C
6%c
7'Ac
10,500
16'Ac
11c
1
26 Va
Lake
Apr
14c
Jun
15c
July
27c
Jun
11c
July
50c
Jan
13c 13'Ac
2,760
11%
Jun
15
Jan
11c
34,500
8c
Apr
22c
Jan
10c
10c
1.30
1.30
1.40
3,070
24
24%
355
"1
5.65
5.25
5.70
68c
65c
70c
10,900
Mines'
17c
July
74c
6c
7c
8,700
Mar
12c
Golden
7%c
1,600
7c
Jun
33c
Jan
5%c Mar
10c
4c
4,000
Feb
5c
May
7'Ac
1,500
6'Ac July
15c
Jan
885
10% July
14% Mar
..l
30c
25c
70c
3'Ac
Luz
Mines
30c
31c
3,850
2.10
2.10
420
5.50
5.60
500
4%c
4'Ac
4%C
4c
4c
4c
2,300
3%c
3%c
4c
13,500
3c
3'Ac
4,000
_♦
—
——
_•
Gold
ili
....
50c
"U"
Mines
Lebel Oro Mines
Leitch
May
6c
6c
500
43c
45c
5,500
1.40
1.40
1.50
5,150
1.40 July
2.08
2.65
2.55
2.75
3,200
1.64 Mar
8'%
50
6% Mar
18%
18%*
18%
26c
10
1
Oil
Gold
Lencourt
Little
Feb
90c
Ltd
J
1.14
90c
1.14
•
•
Mines
..1
Gold
Porcupine
Goldhawk
Mar
20
74c
34c
32c
35c
*4 '17,000
24c
July
1.22
1.16
1.33
146,950
55c
Mar
Class
;
B
Goldora
-Mines
■
1.20
50
1.99
2.02
4.20
4.20
16 %
July
May
21
6%c
-
12
Jan
3.60 Mar
15'A Mar
7,200
25c
4% c July
5c
3,500
.25
11
67c
200
2
Jun
2%
29%
30%
600
27%
5
7c
B
-
Mines
Gold
9,800
40c
12c
1.200
9'Ac
3,500
2.32
2.20
2.45
1
Marcus
2.29
Feb
51c
54c
30,625
7c
7c
7c
1,500
11,500
90c
98c
10%
10%
20
Jan
Massey-Harris
108
Jan
8
8%
17
14
Feb
5
99
Apr
2.35
2.32
2.40
1.67
1.75
2,600'
94
94
13%
13%
7c
July
Mar
...1
common
Mar
10,800
58c
12,550
48c
15c
3,000
lie
10% c 10 %C
1,000
10c
7c
1
2.50
.
7% "C
2.40
2.56
5%c
.*
3%c
3'%c
7c
1,620*
19c
1
16c
July
14c
4,500
;
Lakes Paper
common—
Class A preferred
Guayana
Gulf
Mines
Lead
Mines
———
17%
21%
1,700
16
Mar
23
28%
1,385
24
Mar
7%
8
1,000
30
May
9% Jan
13%
97%
9c
55%
35c
Porcupine Mines
McKenzie Red Lake
MCIntyre
I
6,000
3c
-1
43
10c
2%c
3,000
2c
July
101
45
25 %c
.
Milton
Feb
Oil—
—
49
Feb
53
Apr
10
May
11
Halliwell Gold
Hamdton
20
40% Jan
93c
60c
3,100
1.48
7,300
1.15
Mar
■
|
For footnotes see page
35c
July
13c
5,565
■V j'Bc
Jun
19
20%
555
15% Mar
7'Ac
11,500
5%c Mar
%C
1,000
'16
350
20c
AI
i
37c
Apr
17% May
Jun
'
13% Mar
5%c
1%C
2c
3,500
3%c Apr
l%c Apr
9
85
6% Mar
,
3,000
I-100
r
16:;..
Mar
75c
Jan
3c
May
9% May
29 c
Jan
21
«
Jun
lie * Jan "
'
•
14% Mar
16
1.75
1.75
1,750
1.75 Mar"
8.50
9.00
4.C50
6.10 Mar
9.00
v
Porcupine
My 1 a m a q u e
300
.11
Mar •
14% >jan
150
18
Mar
19%
15
15
30
14
JMay
15%
37 c
1,000
28c
Mar
54c
Drug preferred
Grocers
National
s
'. A (
A
Mar
Feb
76
/
74
Mar
27
26
26'A
2,640
25
13c
2,000
10c
11%
11%
100
28
14%
28%
14
14
14
14
14
14
23%
23%
24
895
18% Mar
2.07
2.07
2.20
1,800
1.91 Mar
11%
_______
20
.
—
B
Steel Car—
Negus Mines
14
65
14%
...
..5
—
*J*
:>i
Jan
May
18% May
70
265
-f
12c
26
com
Hosiery class A
National
73
17»
16%
;
Jan
.
73%
*25
-1
National
tor*Ail
13
19%
16%
*
'i
Jan
35c
».
_1
_•
Mines
Preferred
3
!V?l0%'Ma'y ;i
19%
—
.
———
.5-'^. -Vv;; A;.
16
July,
.13
5%c Jan
•,
Jan
66
•1^
National
Jun
3.20May-'
1.20 July
4%c
9
Bridge
"3,800
15c
Jun
16
__
Moore Corp common.-....-.
Preferred ———
20% Jun
44% May
15% Mar
90C
4%c
.
————
38c
55
1.75
IS
A
Class
Halcrow Swavze
245
July
1.34
15%
July
55'A
7c
jt
Clasa
Monarch Knitting common
■
Gypsum Lime & Alabastine—
May
100
July
_#
_• ■(
Montreal Lbcomotive
72
250
20c 21
18
Feb
9c
_•
Moneta
113
595
July
9% Mar
90
2,500
10c
: •:
7c
Brick.
Jun
118
10%
15%
-
10
9c
35c
lie
Mining Corp
4%c Mar
52%
93c
Gunnar Gold
1,840
97%
.
,1*
Jan
52
42
K
Jau
9c
Mar
1.40
—.
——
14%
55%
20%
Mills
Mercury
Mid-Continent
Feb
16c
Mar
25,000
H OO
i 7% July
",'>f in
Red Lake Gold-
Modern Containers common
5%c July
500
Jan
Mar
6c
20'A
19c
Midland & Pacific Grain
3 %c
17%
■
27%
97%
'"
Great
31c
8
13%
Apr
110
52
Mackay class A
July
14% May
9%c July
3c Mar
Apr
2.70
•
10%
—.———50
Preferred
Gordon
1.95 Jan
94
20%
—20
.
Goodyear Tire common—.-————•
11
435 >;
1,500
•
——5
Jan
Apr
12c 12 %C
2c
——1
3.15 Jan
Aor
July
Mar
«4c
.—100
^ :
12c
1.50
'July
8% May
,
2.25 July
10c
—•
May
Mar
1.95 Mar
19,100
5%c
11
Feb
1.09 Jan
65c
55c
1
-
Jan
Jan
1.54 Feb
July
-
94
30
13%
3.00
27%
....
—
80 %c May
65c
Feb
12c
4% Mar
9'Ac
10c
McColl-Froiitenac common
Preferred
:
Feb
14c
16,000
58c
14c
9
4c
1
Gold
McCabe Grain class A
6110 Jan
65c
Feb
1.95 Jan
July
July
90c
2,825
1.67
—1
i
106% Jan
2.90 Mar
*
•
1.50
11'Ac Feb
Jun
135
52c
1
Jun
20c
Jun
7c
1,812
90c
*
Preferred
5,085
8c
Jan
29%
Mar
40c
•
75
8
1
1
Martin—McNeely
105
7c
7c
Jan
*
2.20 July
1,335
53c
.100
Milling
Jan
4.60
15%
31
<•
May
105
4.55
1
Feb
1.50
6'Ac July
...
Sugar preferred
15c
4.30
15%
•
Jun
59c
Apr
7'Ac
54c 58'Ac
1
Red Lake Gold Mines..
Mad.sen
Manitoba
27
Mar
24%
410
...1
———————
Apr
18% Feb
101
16c
•>
.
26% Mar
10c
—
Malartic Gold Fields
12
1.30 Mar
3,370 '
28%
1
Jan
21
43
105
:——
1.25 Jan
July
6'Ac
Lake
Red
Class
7c May
July
3% Feb
Mar
2'/4
11%
2%
'-.-———i-ii.—1-
Mining
Jan
1.19 May
—
July
3,350
57c
MacMillan Export class A
47% Jan;
34 "Mar
11%
5c
11%
200
6'Ac July
500
39c
75c
x'i,
MacLeod-Cockshutt
18% May
40
6'Ac
27c
Goldfields
MacDonald Mines
■
Goodfish
4 %c
Mar
1.10 Mar
29%
Mines
Macassa
Macfie
5.05 May
220
-
39%
L
i
4.55 Jan
1,250
16%
19 %
-—
60c
600
1,800
72c
27%
Lunward Gold
■■
July
Apr
1.15 Apr
2,000
4.30
16%
••
Mines
,
2%c July
Jan
25c
19
1,800
21
2.00
\
Goldvue
8c J Jan
3% c July
-
39c
_
Louvlcourt
Jan
1.54 Jun
lie
11%
105
.,1
Jan
*
May
10
11c
11%
19%
__—________
Feb
11c"
Jun
3c
75c
-1
Long Lac Gold Mines Ltd.
Loblaw Groceterias class A—
May
16
65
•
—
Feb
Feb
7'Ac
3.50 Jan
——,_100
4^---------'-.
Jan
3.00
6.95
4%c July
1,500
*
May
2.05 May
5.40 July
f
"■
Jan
Feb
—
44c
—1
Arrow
Jun
10%
Leduc-West
1.86
Golden Manltou Mines—.
Jan
86c
10%
Larder
Jan
1.75
———
2c
Jun
7.75
/
Mar
Jan
5c
7%c
Jan
30 %c Jun
ne
1.80
Gold
Goldcrest
4.10 Mar
38c
Jan
1.78
25'A
Mar
6'Ac
McMarmac
Goldale
1.27 July
23
1,360
_i
:
Lapar ^Cadillac
6c
—.
—
5c
'
7c
Maple Deaf
Gold-
Feb
10%
(1945)
juamaque
2,000
1,500
Oil
God's
Jan
,_i
Rowan
13 Va May
Feb
I
Globe
52c
tfie-Mai¬ •MM?? *1.10 Fet>
1,510
—
Mar
Lake Wasa Mining
Jan
10,600
11c
___
Feb
25c
5,500
13 %c
Fortpne Gold
Shore
22% July
•
18c
100
—-i
Lake
58c
1,500
McDougall-Segur
Gillies
4c
July
19% May
20c
24%
—
July
11c
i
Preferred
2c
15c
'
Ii
Lake
La
24
General Steel Wares common--
500
Mines
Lake
Lake
Jun
19c
24%
Giant Yellowknife Gold Mines—
Jun
16c 16'Ac
11c
*
Ltd
Lake
5% Jun
46
(John)
Gate
Labrador Mining & Exploration..
Dufault Mines
Jan
8%c
3'Ac
—-t
-_i
Lake
17c
7%c
A
—_—
102%
13%
_i
Kirkland
—
*
common
preferred
Jan
31% May
Jun
"
35%
._i
Golden
19c
Gold
Frotusher
12%
July
56c
_♦
Kerr-Addison
12% May
Feb
25
3
class
May
13%
Ii
Kirkland
28
Feb
40
22
12%
8c
Canada
of
Francoeur
10
Feb
31
25"% Mar
_i
Gold
Feb
3% Mar
40
20
22
—
Manufacturing Ltd
7c
Feb
98% Mar
.
Mines
Kenville
Labatt
21% Mar
•
A
8%
_i
Mines..
May
52% July
May
51
—1
class
1,055
25'A May
4'Ac July
,
35
Gold
Quebec
Kelore
Jan
65c
July
119
III-I*
mill
Federal Kirklahd
Fittings
9%
24% Mar
3,500
Jan
ill
Kayrand Mining
30c
1,911
—
Fanny Farmer Candy Shops.
Jua
14
35%
22% May
Feb
25
-I
Falconbridge Nickel
Famous Players
200
5c
Mar
Jan
21
Corp
12
75
64c
1,635
25
—
1.95
July
160
July
16%
11c
■
Feb
19% May
Mar
1.25
10
July
1,600
7,100
"A"
Brass
14
101
Joliet
19%
30c 36 %c
16% 17%
Gold
Sol
Empire
May
27
28%
Lynx Yellowknife
El
10% Jan
Apr
23%
10
Jan
—X
Equitable Life Insurance
May
116
28%
82c
„1
—
Jun
4c
Jan
100%
_i
17
.20
Mines.
9
10
*
-i
8%
-4-
Gold
Jan
32c,
_•
-
Eldona
Jun
53'Ac
7% Mar
111
•
com
—
International Uranium
*
Elder
Jun
Mar
100
Powders
Bronze
International Metals class A
Joburke
18%
Steel
Eddy Paper class- A
Feb
42c
Jan
2c
9%
Jack Waite Mining
J-M Consolidated
16
—1
Sullivan Mines.
Eastern
43%
4'Ac
Lingman Lake Gold Mines
<
18c
2,000
13%
—25
Feb
-1
East Malartic Mines.
1,100
2,645
2%c
24%
48c
*
!—
9c
May
51%
"
114
July
33c
*
—
Oil
5c
25 %c Mar
50'A
.113%
-100
10c
24%
1
X
;
Oil
Crest
East Leduc
500
8,600
2'Ac
7,000
7,200
^
Jan
i
preferred
International
10 %c May
8,900
-
20% July
1 Mar
Jan
1.60
Apr
16
1
—1
18
22%c 22 %c
50%
1
Mar
19
30c
•
—
36 %c
1
•
Lapaska Mines
I ? Duquesne Mining Co„_
|;| Duvay Gold Mines—
5c
39c
.
5c
37c
__
12
1.05
47c
64c
Jun
6,500
35c
100
Jan
8%
1,300
43c
——_1
15c
7'Ac Mar
40
3,185
lj.00 Jan
44c
36c
—
3,000
20
Inglis (John) & Co
19c '. Apr
....
43c
—23 %
;
Mines
Donalda
4%
1.35 July
Mar
70c
•24%
.
Chemical pfd
Textile
Dominion
■
8'Ac
9.15
38c
Jan
10c
25
Dominion Steel & Coal class B
|y Dominion Stores >.
8c
20
Indian Lake Gold
Jan
154
Mar
8c
13c
5
,
145
7%c
12%c
44
May
8.65
Imperial Tobacco of Canada ordinary_5
3% Mar
2% July
800
Jun
5
&
Feb
Mar
44
Feb
75c
Jun
10%
Apr
7c
5
Tar
8
,50c
44
Dominion
121%
91% Mar
45
110
50
24 V2C
Jan
20
Oil
9 "
95c
Mar
50c
8.65
Rights
3,000
8%
July
10c
800
1.30
18,200
10c'12'Ac
Jan
35c
5,000
52c
5
Bank
55c
if. Dominion Scottish Invest common—1
————
500
•••a.;
15 Va
Imperial
—
—
36c
10c 10 %c
v
36c
—*
'
Jan
10c
•
Feb
Jan
*
Mines
common
r
85c
2,500
26
7c
36c
Mines__
July
11c
55c
-1
Steel
July
4c
*•,
Yellowknife
Gold
54c
—
14
4c
•
«
2,950
Jan
51
1,000
Jan;
*
810
•'^
-
Mar
24%
V 95c
52c
Huron & Erie
30c
—
July
10 %C
Hunts class A
1.10 Jun
16% Jan
90c
common
Dominion Foundry &
:
Apr
Apr
July
—10
1st preferred
Preferred
65c
12
July
16%
63c
2,000-
1.51 July
18c
50
Fabrics
Dominion
Apr
105
'
Dominion Bank
1.40
48c
2
——_•
•
65c
4c
__
Howey Gold
Hudson Bay Mining & Smelting
Hugh Malartic
Jan
6%
1,000
12%c
May
63c
63c
Oil
Hosco
7%c Feb
Apr
7,000
—
_.
Ltd
Mines
5%
24c
—1
"
Mining
Diversified
Dome
}l
100
48c
1
—
Yellowkniie
Distillers Seagrams
Mar
2,500
18c
1
—
Red Lake
Dickenson
Discovery
5c
Home
Homer
48c
10'Ac
—
2,000
15c
Feb
106
--
32c
Mar
1
Consolidated Gold
Hollinger
Feb
9
6,920
—
Detta Red Lake
i:
27c
July
148
—-——1
1
_—
Mines—_
Nickel
Denison
Apr
8
1.28
1
—•
D'Aragon Mines
'Davles Petroleum
i
16c
1.22
1
*
Aircraft
Cub
Lake
Red
Hinde & Dauch
July
147%
—
July
5c
July
17
1.24
-1
crowshorei Patricia
•
26
Feb
147%
1
^
——
Pershing
Croinor
:
Feb
10
•
Exploration
■Crestaurum
23%
'50
114 116%
8%
8%
2%
2%
—
1
Highwood Sarcee
-100
Gas—
Consumers
|
—
v
L
Hedley Mascot
Jan
1,000
13%
56c
15c
13
54c
14c
14c
Consolidated
12c
Highland-Bell
14% May
300
85c
•
2.45
1.72 July
12% Mar
1,455
6%
1.50
13%
*
—
6%
1.50
—
,T
Bakeries
Consolidated
1
—
_■
|:Coniaurum Mines
•
8
5%c
__
5VL>c
1
—.
6,800
7c
Feb
50
16c
8
5%c
16c
30c
July
7c
3,850
26
17
15%
—•
pfd
Collingwood Terminal
colomac
Yellowkniie
;
.
Lake
Coin
•
High
Low
13c:
6%c
Heva Gold Mines.
1,000
1.91
14%
1.83
14%
26
12c
Range Since January 1
High
13C
1
—
Hasaga Gold
3.00 Mar
Jun
2.20
•
1 '• { 1.90 p
____—*
—
—•—'
-h.25.
—
*
16%
Shares
j
35c
Willans
Dunlop class A
Cochenour
i
July
Gold
Headway
4c
7c
1
•' v
for Week
Low
Par
y'
■
Sales
Range
Apr
35c
—
Week's
of Prices
.
Sale Frioe
Hard Rock Gold Mines
Harricana
* ■'
4c
;
—I
1
Mines
Chesterville
100
500
—
1
.
Mmes
cnesKirk
m'
/
Jan
Feb
Jan
33c
Mar
13c
2,000
12%.
'•
High
Low
5c
>
STOCKS—
1
Range Since January
Shares
14c
12%
c
Cnatco Steel common
r/V .yir
I
-
.—-—--—1'—
fCcntremaque Gold A—
>:
13c
5c
—
I "
Last
High
Lorn
Par.
'
,
Friday
for Week
Range
of Prices
Sale Price
STOCKS—
Central
■
JULY 30
4
Salea
Week's
-''v
■
Monday, August 2/ -1948
FINANCIAL CHRONICLE •:
COMMERCIAL": &
:
Mar
13
Jun
13% Apr
Apr
16
Jan
30
27%
70
jun
IK'A'"
100
10
Apr
14
50
10
Apr
14
.
Jun
10% Mar
35
.
Apr
.
37c
Jun
'
■'*;]
July
July
26% May:
2.99
Feb
42.
V-..
"t.
V
jC-<-
1
"
'■'■J
■
_
-sxt-
.1-**" "■$ "P-
*3*.ih
X' " ■ X'
1
11
11
...
n-
,
'
1
L • "■»
.
.
«
Volume
THE
Number-4721
168
COMMERCIAL
LISTED
CANADIAN
RANGE
Friday
Week's
Range
of Prices
Last
STOCKS—
Sale Price
Low
ar
New
Calumet
Mines
1
New Jason ■:«»
1.42
.1
(New
Marlon Gold.wwd.--l--Newnorth Gold
•
—.
1
„...
1
•
16c
,
11,100
Friday
5C
13%c
8%c
75c
31 %c July
16c
500
3c
July
July
Norzone
New
Pacalta
..
„
Oils
Nib
Rouyn Merger
Yellowknife
Nicholson
I
27C
__
*
Mines
43c
July
31c
Jan
July
Standard
Paving
' 6%c
5c
14C
13%C
25 %c Mar
8c
15c
4c
13/-#
*
5c
46c
Jan
8c
Steel
July
16 %c
Co
Oil
of
60c
common.
Oil
Sudbury
Sullivan
Cons
Feb
Mar
20%
12
15c
15c
3c
Apr
1.30
1.25
1.30
600
99c
Jiui
30o
Mines.............
11a
24,700
9c
Mar i
1,30
1.35
3,850
27 %c 28 %c
4,100
.
Gold
Mines
1.35.
.
.
1.25
Taicu River Gold A—^.1.;
Gold
:■
—;
..
...J
Mines.;
Thompson-Lundmiark
„i.
27%c July.
2.5J3 '
2.52
2.60-
3,798
2,35 July
34c
Gold Mines.
.Thurbois > Mines
Tip Top Tailors
y
'33c
34c
32c
5c
•.•ij.;
20%
:
5c
f
5%c
2,500
5,100
20%
5c
•—A-..
.
20%
270
.'Tobum' .Gold•'
-
62c
Silver
Mines
Pacific'
1,000
Mines..
62c
62c
540
60c
79c
81c
6,800
79c
July
11%
80c
__
11%
700
10
Mar'
2
>172
Jun
.
Trusts
."172% 172%'
'-
—
Apr
Exploration
|
I
Union Gas
Transcontinental
Jan
Feb
General
Towagmac
Union'
i.—
Resources
—
Mining
—______
United'Corp class B
——
u,.
>*'
Pamour
70c
Elevators
>
,
_.
Petroleum
V'V%
■
'
United
iV-
Porcupine Mines Ltd.
Pandora' Cadillac
?,
1.15
8,000
f
'■
■
Page Hershey Tubes..,
r
Apr
18 %c Feb
16,700
Mines
/
11c
4,400
(Eastern)
.Pacific
,
'
"
Lake
Lake
•
Toronto
Toronto
-
Apr
July
18% Jun
—w___
Torbrit
■'>"
July)
...
Exploration
Orange Crush
>
Osulake
Jun
18% Mar
Omnitrans
Osisko
May
July
4c
1,000
1,000
15c
4C
20%
\
...
(1940)
common
O'Leary Malartic
Omega Gold
v
Apr
80
82%
4c
Gold
Inlet
Sylvanite
.....*
Oils
Red
5% Jun
79c
Jun
Apr
20%
Contact
•
Orlac
f
Mar
67
preferred
River
Sturgeon
July
Ogama-Rockland
Gold
•
Steeloy
Mining
Pieep Rock Iron Mines..........
Teck-Hughes
Orenada
8% Apr
21»/» May
Apr
72
4c
...
O'Brien Gold Mines—
Okalta
4
Gold
Canada
4c
Mines
Mines
;
Jan
8 % May
Jun
Mar
Surf
Star
68c
p1/* Mar ;
4% Feb
A—
Preferred
Stuart
Inca Gold.;.
North
High
■
Mar
17% Mar
—
class
2c
.
Norseman Mines
Northland
619
common
Radio
1.50 Mar
—
North
67/a
Low
49c
10 %c July
Normetal Mining
Norgold Mines
Gold
Mar
43
Norbenite Malartic
Norpick
Mar
4c
Noranda Mines
V-'
2,866
6%
;
—
54c
Range Since January 1
High
53c
54c
_
Standard Chemical common
Standard
28c
1
........
Shares
10c
—
*
Mines
of Prices
Low
Stadacona
Jun
Starratt Olsen
New
Sales
for Week
Range
Sale Price
High
1.52
Mar
16c
10c
STOCKS—
Preferred
New
Week'*
Last
12,500
17c
5c
MARKETS
JULY 80
ENDED
Range Since January 1
tow
24,900
43C
14%C
*
Shares
1.50
32c
43C
FOR WEEK
CHRONICLE
/
Sales
for Week
High
;1.30
FINANCIAL
&
Fuel
Class B
a
class
A
preferred.
preferred
United
Keno
United
.
Steel
Hill
Paramaque Mines
Paymaster Cons Mines
37c
35c
38c
Pen-Rey Gold Mines
13c
12 %c
69c
69c
...
14c
Perron
Gold
69C
*
Upper Canada Mines
•
Piccadilly
Porcupine
Ltd-
Ventures
.....
:
—....
Waite Amulet
..
Pickle Crow Gold Mines.
Walker
Pioneer
Westeel
Gold
(Hiram)
(G & W)
Products
..——..
Porcupine Peninsular
Grocers
Western
Porcupine
Reef
Gold
-
Preferred'
common
...
——A—
Powell RiverPower;' Corp
Weston
Pressed Metals
Preston
East
Dome
Quebec
101%
Wingait Gold
"i ;
<;
%+r i\n
\
w
■
-
iv
>
.
■
.
Winnipeg Electric common
Combing
Quebec Manitou
Jan
__
* --"V
XV-:%•.
Wool
Labrador,
Jan
——
Winchester Larder
common.
Preferred,
1
28
com....^..
Wiltsey-Coghlan
Proprietary Mines
Purity Flour Mills
'
(Geo)
Preferred
-i...^.^
20%, Feb
19
May
2.25 July
—
Wright-Hargreaves
Queenston Gold Mines
Quemont
Yellorex Mines
Mining
Yallowknife
19c
18c
.1
Bear
59 %C
18c
59 %c 59 %c
Jun
59 %c July
Rogcourt Gold
Reno
Gold
Ymir
Gold'i (19361.
Richmac
Riverside
Silk
Robinson
class
(Little)
Robinson
Gold
Roxana
Oils
RovalBank
Girl
Yankee
4%c July.
__
614
Knitting class A
Class
B
3
_____
class
A_
-
Toronto Stock
Co
— ...
—.
Royalite ■ Oil.
Roybar
Friday
Chibougamau
5c
Mines
17%
Saguenay Power pfd
Lawrence vCorp
11'A
3.30
6c
6c
Sannorra
Mines
14
45c
Shawinigan Water & Power-
Low
Shares
Range Since January 1
High
Low
s
8
305
Asbestos Corp
•
26
26
26'A
110
25
Jan
Pulp & Paper com—*
..
115
116
30
72
Feb
4
4%
1,100
107% 109%
if 310
\
6%
Apr
British Columbia
Co
8c
;
14
42 %c
8c
f
14
45c
7V2cJuly
17c
May
14'A
67 %c
Feb
23%
4
—100
107%
•
18
17%
18
*
13
-12%
* 14
80
Mar
Brewery
class
A.
Sheep
Creek
Gold
Sherritt-Gordon Gold Mines—,
Feb
f
Dominion
Canada
As
Vinegars
May
10
Feb
11% July
Mar
1.23 May
3.20 Apr
98c
1.43 Mar
49
July
Sugar—
125
*
15%
Sick's
Breweries
240
10
|
•*
^ f-;rT
'
'
,4
Simpson's Ltd
V?;v!>
class
.
;.
Sladen
ir
.
Malartic Mines.
i
,
.
Donnacona
preferred
Paper
Oil
,'
__.
——
International Patoer common.
Ontario; Paper..
Ogilvie Flour common
—
Pend
Oreille
Southmount
{Springer Sturgeon
k
Glass
Minnesota &
'Preferred;,
Stscoe.Gold
Feb
Feb
18
—_—
A....
Class B
.
3%
33 %c Mar
Aircraft
Steel preferred
Foothills
'J,
?
'
For foothotes see page'42
: 115% Jun f
Jun
14% Mar
Oil
deHavilland
Dominion
Silverwood Dairies class A
''V
Paper
—
Investment
f
July
1.00
Coast Copper
Mining
Sliver Miller Mines
|
6%'Jan k
14
73% July
___
Canadian Western Lumber...
Disher
Silanco
t
«
20
19% Mar
Ingersoll Rand
Dalhousie
....
Jan
May
p. Jun
Mar
common..
\yV T C
30
Feb
Canadian Industries common
Consolidated
Sigma Mines (Quebec)
-
135
3% Feb
Jun
20%
44
—
Wpg
10;
/
Apr
Mar
Preferred
Jan
14
38c
1
common
Canadian
Preferred
Shea's
High
%
8
6c
8c
Bridge ;___
Rouyn Ltd
^
for
8
Canada
Senator
•
of Prices
*
Brown
Sarnia
;
Sales
Andian National
3.35
_.
River Gold
Range
Sale Price
Par
11'A
3.30
Week's
Last ;
STOCKS—
17%
102% 102%
common
San Antonio Cold Mines'Ltd.
Sand
5c
10c 13 %c
Russell Industries common—
61
ExchangetGnrb Section
Canadian Fonda
j.
k"'V
Rupununi
Jun
May
common
(Little)
Rochette
York
A
Jan
21%
Apr
|
{480)
44
THE
COMMERCIAL
& FINANCIAL
CHRONICLE
Monday AugustftlMfti
OVER-THE-COUNTER SECURITIES
Quotations
for
Friday, July 30
Investing Companies
Par
Mutual Funds—
.1/
Aeronautical
Sescuritles^
Affiliated Fund Iric
V
Holding Corp
Amerex
;.
Shares
1
Standard Oilstocks
9%
1
5
-7.77
15.40
1
Axe-Houghton Fund Inc
Axe-Houghton Fund B
*
97.86
46.52
47.47
4%
3.64
—
4.14
Inc,——'
Fund
Boston
Fund Inc__
Green
Bowline
10c
Corp
5
Invest
Street
Broad
"
,3
i-
' .V
r
Canadian
77ft
■
-
93-33
4.19
lc
ic
10c
1
4.78
100.6
100.1
100.4
July
22,
100
100.2
7.53
8.25
25.71
17.79
1
11.87
12.83
1
14.60
99.30
1949—
Other Issues
-
Panama
v
,:/•
1961
Canal 3s
121%
120
4.8.9
Inc
Mass Investors 2d Fund,,
_
Mu^al Invest Fund Inc
,
30.46
-
4.62
U« S. Certificates of Indebtedness
Dollar Price
__
Nation-Wid.e Securities^alanped JPlUld
8.98
9.71
tSept. 15, 1948__.,_
tOct. 1, 1948M-
x
6.75
7.33
tJan. 1,
14-97
16.18
b.^<
Low Priced Bond Series _I"l
(1.44
1.53
income Series
serleg
_
preferred Stock
Speculative
•
Series,,
Ask
.1%% 100.0638
X7.07
.0698
tl%S Jan.
1,
1949
,1% 100.0051
.0131
tl%s Feb.
1,
1949
.0527
$1%
IIIi
3.43
X5.37
6.47
100.0533
1, 1949
1. 1949
June
tl'/es July
.0134
100.0105
100.0125
1949
1,
7.07
X3.80
1, 1948 Series J—— 100.0052
tls Oct. 1, 1948 Series K
100.0053
.0531 f
.0493 '
.0517 I
.0732
.0270
.G3J6
100.0406
100.0393
100.0402
1949
1,
Ask
„
5.87
1
l
tl%s
tls Oct.
3.-75
\
Mar.
tlVsS Apr.
5.06
Bid
of Indebtedness—
lVa% 100.0402
1949
Certificates of Indebtedness—
7.73
X4.63
<'
Maturity—
Certificates
■'
■ •
7.14
6.53
1
,1
Series
Bid
:
;
-1
National Security SeriesBond
Int. Rate
Treasury Notes—
14.55
13.55
National Investors Corp
3,015
140
.
Maturity-
25c
7
100.3
1948,;
5.27
4.44
Fund,,,,,——--1
Delaware
Dividend Shares,,
"
'''
ic
,
140
5.77
Commonwealth
;
Paper shares, _
Petroleum shares
Steel shares,
'Manhattan Bond Fund
Mass Investors Trust
-
-
20,
4.10
-—100
investment
1
Preferred
Jan.
1.65s
98.22
101.4
4.45
5.10
Fund,---—-——--J 0}®-56 JJ*7
3.80
Ihv^Fund xtd——l
Trust—
1
Christianaj Securities com__100 2,915
7
19.35
17.66
1
Ltd
Century Shares
Chemical
1
4.04
100.1
15,
1949
X%s Apr. ,j5. 1949—
.
3.72
Ask
Bid
1%S Sept.
98.8
98.14
wjhpi
&
Banks—
Loan
1%S
100
100.24
Home
4.83
lc
-
Fund
Bullock
v
20.76
8.64
17.79
98
1, 1950-1948
1, 1952-1950,,,
1, 1953-1951
2%S Feb. 1, 1955-1953
32nds of
one. or more
Federal
4.5S
lc
4% 7 ;
98.7,.
94.76
19.20
8.63
16.46
Ask
99.26
l%s May
iyas Jan.
3.83
4.38
Bid
1%S Oct.
4.43
None-Ferrous Metals
5%
3%
1
*
1
Blair Holdings Corp
Bond Inv Tr of America,
Federal Land Bank Bonds—
4.01
4.06
3.47
Home Furnishings shares
Corp
Beneficial
Figures after jectmal point represent
99.83
29V* ,-ft Managed Funds—
4.25
Automobile shares
lc
Business Equipment shares.lc
10 A
Drug shares
lc
8.40
; : Electrical Equipment shares_lc
16.74
General Industries shares__lc
3.88
2
A
series
Shares
^Loomis Sayles Mutual Fund
Loomis Sayles Second Fund__10
.
4.45
4.07
Obligations Of Government Ageneies
Ask
Bid
Far
. .
5.58
27 %
Business
American
Associated
Ask
5.08
IV*
10
,
Bid
.0133
*
& Howard—
Eaton
7ft
24.31
1
Balanced,. Fund
Fund——
J
-
.
Stock Series
Industrial Stock Series
;
Selected Group Series
or
1
15-70
5
Stock
Fidelity Fund Inc——
;
Financial Industrial Fund
77 First Boston
Corp
24.71
1.91
Inc lc
V'.
5.47
15.64
Agriculture
6.68
Automobile
47.37
5.65
5.27
Building
7
;
8.83
fa.8U
Electricial
shares lc
shares—,——_———lc
Administv*3d shares__lc
10.57
5.17
7.55
ii.4b
5.62
8.19
—lc
lc
Institutional bond shares—lc
Investing Company shares,lc
7.84
7.52
9.64
8.45
-.6.59
7.47
-5.55
8.50
8.16
10.12
9.16
7.1o
8.10
6.03
8.28
2.53
Fully
shares
Industrial Machinery shares
shares
Merchandising
lc
shares
Mining
lc
Railroad Bond shares——lc
RR Equipment shares,—
lc
Railroad stock shares— c
4.40
5 32
8.98
2.73
4.78
5.78
lc
5.25
o.70
shares
Petroleum
Steel
'
lc
lc
shares
Priceti
shares,
equipment
• insurance stock
Machinery
Merchandising
l
8.94
Aviation
Bank
Fund-Ill
11.91
Railroad
equipment
.
*o»acco
Tradina
&;
Republic investors Fund
92c
xl3.22
14.49
1
27.15
29.52
Series
Boston—1
7.11
7.79
Series
Investors Management Fund—1
14.17
14.48
77 Investment Co
of
Investment Trust
America
of
::ft7ft7;'
B-l
Bonds)
1
27.31
28.54
(Medium Grade Bds)
(Low Priced Bonds),.
1
1
24.30
26.65
17.81
K-l
(Speculative Bonds)
(Income pfd Stocks)
1
1
K-2
.
(Investment
(Appreciation pfd Stks)_l
•ft B-2
ft^B-3
B-4
16.33
(Quality
common
S-2
(Income
com
14.39
10.43
18.02
24.23
28.58
15.70
8-3
<r
A
(Appreciation com Stks)_l
(Low Priced com Stks)__l
12.56
<4.92
13.71
5.37
Fund—1
x5.23
S-4
Knickerbocker
,
Investment
Trusteed Industry Shares
Stks)_l
Stocks)
1
9.56
X16.52
22.21
26.20
1.45$
6-
1-48
11-
1-48
bl.50
1.35$
United States Treasury
Bid
0.80$
Sept.
bl.00
0.95$
bl.00
0.90%
Sept. 23. 1948.,
Sept. 30.
1948-
bl.00
0.96$ ft;
bl.00
0.96 '13
1948.—
bl.00
0.96$ f-'i
1948..
bl.00
0.96$ *■:
Aug. 19, 1948-—
26, 1948
bl.00
0.92 %
bl.00
0.94$
Oct.
bl.00
0.95$
.Oct.
bl.00
0.95%
Oct.
21,
1948...
bl.00
0.96$
28,
1948—
bl.00
0.96$ !
2,
1948
9,
1948
10.95
11.85
19%
6.94
76c
Par
85c
48%
51%
Bank
of
the
Manhattan
Bid
Co__10
Bankers Trust
88c
79c
,1
6.31
Union Preferred Stock Fund—1
20.07
1
7.70
8.42
1
9.80
10.00
A
10
Brooklyn Trust
Par
25 %
First
320
*
38%
—100
—
Ask
23%
305
40%
.
100
Irving
36%
Manufacturers
Trust
39%
41%
Morgan
&
10
Commercial NfitiOttal Bank &
(J
National
,20
P)
41
Exchange Bank & Trust_20
52%
54%
Public-Nat'l
79
82
6.75
16
Title
33
35
United
>
46
49
48%
20
100
50%
212
12%.
16%
1,520
218
37%
Trust
10
New
York
Trust
33%
25
Bank
&
85%
88%
Trust_17%
38%
40%
25
Guarantee & Trust
States
74
12
Trust
78
8%
100
.
9%
555
585
7.7^
2.43
Co
pterling National
14
Fiduciary
_
Unit Type Trusts—
Diversified Trustee Shares—
ft Series E
2.30
Independence Trust Shares
1
25
Inc
30
-
15%
24%
Continental Bank & Trust
Corn
:
North Amer Trust Shares—
Series 1955
39
23%
Empire Trust
,^50
Federation Bank 85 Trust—___10
17.14
28 A
270%
,100 1,470
City Bank,—
10
18.51
15.94
Co
Mk
'1,325
261%
10
34%
15
Chemical Bank & Trust,
Co
Trust
89
Chase National Bank,
Bid
100 1,265
100
industrial Bank of Commerce, 10
105
86
Trust
Bank
Trust
Kings County Trust
Lawyers Trust
Central Hanover Bank & Trust 20
21.94
National
Guaranty
19.58
16.96
1
1
H
& Trust Cos,
20%
6.34
C
_
14,
New fork
__
—1
_
7.
28.00
26.04
B
t-,
1948
3.23
17.91
Wall Street Investing Corp
Wellington Fund,
Whitehall Fund Inc
16,
16.14
49.50
Corp,*
Ask-,.;
bl.00
1948,
•
2.94
~"ov.
Bid
1948,—
Aug.
Sept.
25
21.49
Fund series
Bond
Bills
Ask
Sept.
10.94
25c
A—_,1
Union
5.73
S-l
*
1.45$
bl.60
9.37
9.98
#
Union Common Stock Fund
Keystone Custodian Funds—
1.40$
bl.60
1-49
Bank of New York—__u__L__100
lc
1.02
bl.55
1-49
4-
Oct.
8.55
1
.,
Amer~Shftrea
Street
lc
Group
1-49
3-
1-48
8.00
7.30
Standard" UtlhUes^IIIIIIIZIoc
Stock
Bond
2-
1-48
7-
1.4
81c
Insurance Group shares
and
1-48
6-
1,55$
5,
SMrehoi^Ts T^t of~Boston^M
state
5-
1.55$,
1.35$
12,
1
24.66
9.26
1.55$
1.30$
bl.50
Aug.
15.01
22.81
8.45
1.30$
bl.50
1-48
Aug.
S
5
73c
bl.50
1-48
11-
6.44
1
pptroleum
ScH^®r'j®tevens ^ ,Clark
lc
1-48
10-
2-48
1-
6.82
1
Russell Berg Fund Inc
lc
10-
1-48
2-
5.88
j
_
Tobacco
1.70
Ltd—
2-48
5-
1.55$
6.22
1
steel
4>0
shares—i
1.40$.
i
„
til
Shares
1.35$
bl.55
1
i
Utility
1.66
Group shares
bl.50
3-49
13.05
tin
Group
1-48
1-
9.80
xi.35
Institutional
ft7ft
12-
1-48
19.05
Railroad
eplpcted
1-48
4-
10.62
9.69
17.38
10c
§ Incorporated- Investors,.
3-
1.55 %
Rate
10-75
1
Fund~~inc——I_l
Plan
Income Foundation Fund
1.55$
1.25$
12.25
__
~—lc
Howe
1.20$
bl.45
,9.14
9.81
11.18
x
oilss.
public
bl.40
1-48
12.22
1
Pacific Coast Invest
2-48.
9-
12.22
$.3.4
,_,._1
Metals
.
11.15
11.15
„1
Ask
Bid
Due
Ask
8-
1-47
1.45$
13.81
6.27
Dated
Bid
1-48
12-
1.35$
11.37
12.60
Due
11-
1.25$
11.96
10.72
Dated
1.20$
9.60
10.91
8.14
Low
•
8.7(5
1
lc
General bond
I
%
—
—-lc
Food
7.7"
1
supply
-r~*c
Electrical Equipment
-j ■
Rate
7.66
10.44
shares—
shares,
LbJ
6.78
6.39
6.99
Corporate bond series
1
Diversified industry,,.,,,,,,!
Diversified Investment Fund,l
Diversified preferred stock__l
Chemical
Federal Intermediate Credit Bank Debentures
7.10
6.48
9.53
7.03
6.25
5.79
Aviation
4
11.02
—1
Building shares—
j
7'7
lc
——lc
Shares
Automobile
ft. "7
1
Aviation
Bank stock
-
,
15.75
10.06
1
Chemical
Securities—
Agricultural shares
4-20
|.4.69
New York Stocks Inc—
Group
,
4.15
3.84
„
6.03
14.27
5.80
44-05
First Mutual Trust Fund
1
Fundamental Investors Inc
2
Fundamental Trust shares A__2
General Capital Corp—
1
7 General Investors Trust
1
;
,t
'•
Low Priced Com Stock Series 1
New England Fund
u
29%
27%
—10
25.9J
16,79
26.71
2.09
2.74
1
3.45
Series 1956,—________—,_1
2.47
"
J"'1
1'
11
111
'
■
Insurance
Bid
Par
10
Life..
Aetna
46
82 %
43%
48
25
Insurance
Aetna
78%
41%
60
63
10
Surety
&
Agricultural
.
'
"
:...
Recent Security Issues
Companies
Bid
Arkansas pow
Far
Ask
10
Casualty
Aetna
'
Home
Bid
6
Insur Co of North America
jersey Insurance of N Y
26
10
20
Maryland Casualty
10
Automobile
American
Equitable
42
Assur
Convertible
$1.05
13%
Massachusetts
16 %
18 %
Merchant
13
15
61
34
14%
16%
31
24%
63%
37
74
57
79
60
12
5
Casualty_5
—2%
American Re-Insurance—.—10
American Reserve,.
10
American
Surety
25
Automobile
10
American Fidelity
$2.10 Prior preferred
21%
39%
5
Casualty
American
20%
4
Alliance
American
&
American of Newark
29
22%
Fire
25
10
Shippers
&
Boston
5
10
■ft Continental Casualty—■——10
Crum & Forster Inc
-10
19
78
49 ,4
31 A
20%
81
51/4
33 A
*
10
29%
68
31%
71
Fire
Camden
General
Life
Employees Group Assoc
Reinsurance
Employers
Federal
-
Fidelity & Deposit of Md
Fire
10
58
61
20
I44
J®0
10
10
5
51 /2
98c
12%
54 ,2
1.02
13,2i
Corp,—10
5
& Republic
5
& Rutgers Fire com—15
preferred
15
25 %
43%
8Va
20
74
29 V*
27%
45%
9%
23
79
Assn
Fireman's
of
Phila
Fund
of Frisco
Firemen's of Newark
General Reinsurance
Glens
Globe
Globe
2nd
Great
Falls
American
5
-.
<
30%
National
Causalty
National
Hartford
Fire
Hartford Steamboiler
10
—MO
10
28 %
102
30%
30
105
32%
Cudahy Packing 2%s
Georgia Power & Lt
Union
New
47
44
22
!
28 %
27%
5%
Hampshire
York
New
Pow
Louisville
&
Narragansett
New
York
28%
Ohio
Public
3s___
Pacific Pwr &
28%
Potomac
40%
1978
12%
23%
101%
1981
100%
100%
100%
101
3%s_—1978
101%
102%
101
New
6%
m
1978
■4% $
N
100%
Co
47%
50%
79
4%
10
Providence-Washington
3%
30%
3s_
M978
Power
3s___1978
Stocks-—
2
10
St Paul Fire & Marine
,12%
5
100'A
101%
100
Par
Broadcasting
Beneficial
$4
78
48%
52%
26
28
10
Standard Accident
75
10
Springfield Fire & Marine
40'%
42%
10
Travelers
100
28%
Industrial
pfd
conv
30%
Fire
; J
2
47%
52
54
73
77
2.50
»■
'
:
,7v;
32 %
Odd lot
change.
dividend.
Ex
in
^ f
,
Bid
1
100
92
94
„
104
1948
n
;
sale
x27%
Gas
&
pfd
Electric—
preferred
28
;
100
91
93
50
52
55
100
Pitney Bowes 4%$ pfd
80
82
15%
16
r'A
(Indiana)—
3.50$ preferred
Public Service of New
Ask
4%$
k__
Mexico,?
preferred
Texas Eastern
(not included in year's range),
range),
e Ex-interest,
Admitted to trading N. Y. Curb,
(Un) Admitted
dividend,
y
to
Ex-rights,
Unlisted
z Ex-stock
f Flat
r
Corp
b Big yield
price,
100
Transmission
97
99
•
12 %
1
"A"
3%
12%.
,
4
7ft
privileges,
w d When
*No
par
paid
value,
on
tin
May
default.
10.
tThese
■
'ft'ft
listing
in
on
N.
Y.
year's range),
delivered,
w
Stock
(not
Ex¬
t Ex-stock
1 When
Issued,
dividend.
■77/.ft"'ft 7
;• '
dividend
d Deferred delivery sales
to
(not included
49 %
34%
price,
k Admitted
Cash sales
Trading
A.
i
105%
5%$
k__
'
'•
106
El
100%
Loan—
series
year's
545
4
Fire
Guarantee
a
Included
x
530
10
Fidelity & Guaranty Co
Xi
'
28%
10
Surity,
(New Haven)
96
105
104%
6
26%
95
103
Tennessee Gas Transm's'n Co—
32%
(N Y)
100
pfd-100
4%$
100
Tucker
(Texas)
48%
107%
preferred
3.70$
American
47%
Pennsylvania Electric—
82
5
pfd_50
Electric & Gas—
Public Service
10
1
■
Light-r-
redeemable preferred___25
5',;
105
&
100
Pacific
101%
83 %
100
91%
pfd__100 xl06%
conv
preferred
Y State
4.50$
100%
Wise-Michigan
0
99%
90
pld_i00
102
3%s
Power
Ask
85
98%
England Gas & Elec—
Okla Gas &
West Penn
Bid
82
*
99
13%
22%
5
Reinsurance Corp
102%
101
Light 3%s„,1977
Edison
pfd
4% $
City Power
4$ preferred
43%
.25
& Lt
Ind'polis Pow & Lt 5$
—1978
Service
32
10
Westchester
98%
43%
12.50
Indemnity
102
101'A
3%s_2003
3s_
26 %
5
Phoenix
S
26'A
2.50
Pacific
S
100%
3%—,1978
Telephone 3s
Power
41%
Preferred Accident
U
Lt
Elec
30
Fire
Fire
U
1978
San Diego Gas & El 3s_—,1978
Pacific
Florida Pow
Kentucky Utilities
M0
Northern
Security
&
Nashville
2
Northeastern
Seaboard
98
Kansas
Louisiana
5
River
Republic
97
6%
,10
Casualty
Fire
Par
Elec $4.20 pfd__100
Power 4.52$
102%
23%
26 '/a
25%
(Detroit)—10
Stocks—
Birmingham
Gamble Skogmo 5$
5
Fire
Amsterdam
1967
3%s__1977
Iowa PowerLight 3s_
14%
13 "A
4
Fire
National
U S
Hanover Fire
1;
Assur
97%
Consumers
Ohio
North
Connecticut
5.
Merchants & Mfrs
New
Bankers
10
preferred_5
Bonding
Ask
96%
1977
97
35%
_
7 American
27%
93<
1
common
& Lt 2%s
Ask
bonds
are
.
subject
ft,
.
■■
to
all
Federal
....
.
taxes.
;..,7rft
IEx
140
easn
"Volume 168
-Number 4721
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
3..{481> v 45
Week Ended July 24
1948
THE COURSE OF BANK CLEARINGS
•
Third
Bank
clearings tjijs week .will ghow
Preliminary figures compiled by
,cities
based
us,
increase compared wijth a year ago.
an
ings will be 3.4%
it is possible to obtain weekly clear¬
aboyie those of the corresponding week last/year.
jLpaFy fot^l stands at. $13,288,359,883 against $12,843,825,411, for the
1947.
Qur proiw*;
.
At this center there is
loss for
a
iParative summary for the week follows
:
Qwr cpnl-
Reading
1,108.637
8.8
835.852
666,212
+ 24.5
1.219,432
1,021,965
047,477
+ 14.1
653,856
3,186,415
2,428,096
1,620.862
938,000,000
3,754.038
782,000,000
+ 15.7
—I.JZ
I_,
+19.9
745,000,000
642.000.000
.
.
+
Scranton
Wilkes-Barre
3,237,679
Jersey—Trenton
II-.
2,012,724
2,079.045
3,487.694
2.229.154
+ 46.1
1,893,342
4,137,486
___J——'
11.6
+ 26.0
1,870,775
3.029,824
+ 14.0
2,912,925
1,963.538
9,689,400
;;
Delaware—Wilmington
2,900,903
3,738,715
2,732,933
——II— Ill'
—
6,333.146
+ 53.0
5.492,494
X 4,271.699
7,167,276
+
Week Ended July 31
1948
'New York-
1947
$6,350,368,086
.
$6,'853,359,005
/ Chicago
—
5.375,659
976,244,727 /
Boston
+ 33.3
4.675.742
5,807,819
+20.3
770.pl2.157
664,058.839
9.1
8,008,293
(•
399,698,030
250,200,000
,
—
Pittsburgh
+
6.8
+
1.8
+ 20.5
41,140,200
6,467,547
21,473,600
+
4,176,412
+
6,440,502
6,082,621
+
312,054,707
250,509,491
+
911,250,682
742,532,672
+22.7
Youngstown—,
+ 12.1
227,189,180
267,300,000
+ 20.6
283,847,034
Mansfield
2.1
301,968,000
'a-
8.9
253,680,345
Louis_Iliu—
+
+
+ 39.6
158,705,973
345,710,665
,i
Columbus
5,738,141
191,428.768
Cleveland
-I--jj—435.244.371
Reserve District—Cleveland-
Cincinnati
+ 12.2
281,206,341
-i—
San Francisco
'
+
Federal
Ohio—Canton
7.3
—
776,000,000
871,000.000
-
Kansas City
/
Fourth
563,826,596
Philadelphia
St.
*
1,726.176
811,540,566
..
Clearings—Returns by Telegraph
-
672.369
4,709,187
—
Total (11 cities).
.,;
I
081,493.
~
New
*
t
1,081,333
1,097,232
Philadelphia-----—---;
York
19 43
1946
or
Dec. %
——I.¬
I
Chester
in
same week
the week ended Friday of 7.3%.
1.205.786
Lancaster
I'-
Inc.
Reserve District—Philadelphia—
Bethlehem
tfte country, indicate that tpr the weefc ended Saturday, July 31, clearings
for all cities of the United States from wl^ich
Federal
Pennsylvania—Altoona.
telegraphic advices from the chief
upon
1947
4,355.305
4.009,632
138,136.880
111,140,593
238,217,118
214 956,154
91.6
23,540,700
17,943,600
54.0
3,259,755
4,937,432
2,674.452
5.9
20.3
238,727,311
251,689,676
651,i74,501
606,177,423
-
>
+ 41.4
Pennsylvania—Pittsburgh
Total (7 cities)
~
3,763,318
1
Cleveland
——
Baltimore
Ten
203,179,326
180,107,071
$9,942,174,920
$10,087,234,568
2,586,890,390
.2,074,808,490
.
cities, five days,—„
—
Other cities, five days———
+ 12.8
—
West
1.4
Total all
cities, five days
+ 24.7
$12,529,065,310 $12,162,043,058
:
-
Total all cities for week
•Estimated.
Accordingly, in the above, the last \day of the week in ail
the elaborate detailed
able
are
to
has to be estimated.
cases
statement, however, which
present further
we
below
For that week there
week in
same
was an
week
increase of 17,5%, the aggregate of clear¬
1947.
Outside of this
city there
was
(including this city) the totals record
in the Richmond Reserve District
2,1.3*%.
of
Augusta
District
of
24,7%.+
.but in the
The
of
25.5%
and
Chicago Reserve District has to
in the
its
Atlanta
credit
an
in¬
jInVthe Dalla^ Reserve. District tha*totals ijr^smaller by 0.2% 4
KansasiCitviiReserve District the totals
Francisco
larger by
are
Reserve District
following
we
a
SUMMART
V
Federal
Reserve
Districts
Week Ended July 24
1st
Boston-
2nd
.3rd
_
_
Dec.
1946
or
%
$
$
482,974,188
+ 15.7
455,869,354
399,626,762
7,567.974,993
6,482,452,344
+ 16.7
7,464.631,373
6,186,586,694
Richmond
976,244,727
4" 20.o
770,612,157
664,058,339
911,250,682
742,532,672
+
22.7
651,174,501
446,569,883
355,901.178
+
25.5
332,246.593
6th
Atlanta.
Chicago
17
291,897,271
629,958.700
519,299,013
+ 21.3
478,163,416
947,842,992
847,846,544
+ 11.8
772,776,110
580,405,610
497,877.253
406,654,586
+ 22.4
St.
9th
Louis
_
Minneapolis.
10th
356,142,998
286,161,481
386,648,697
310,130,926
+ 24.7
260,674,566
203,454,205
530,320.071
City_
_
---
10
.
479,336,656
+ 10.6
399.829,085
318,642,375
San
6
-
Francisco
" 3,666,145
:
Total
252.332,341
252,717,005
783,715,192
Outside
We
cities
112
——
New
York
now
642,647,780
14,489,647,497
week ended July
our
12,334,033,458
7,175,587,021
City.
add
Alabama—Birmingham—
93,601,880
6,413,069
75,045,922
+ 24.7
364,601
314,883
104,705,076
+ 15.8
277,705
169,493
122,366,603
+ 16.9
113,403,651
84,032,542
629,958,700
519,299,013
+21.3
478,163,416
379,625,319
—-
Mississippi—Vicksburg
Louisiana—New OrleansTotal (10 cities).
Seventh
Federal
Reserve
24, for four
6,058,334,540
Clearings
,•
1947
1,823,610
46,275.825
63,077,228
50,784,373
3,050,110
23.6
+
2,201,853
4,821,302
3.845.263
I,089,771
+ 14.2
893,234
8,103,243
+ 23.0
7,288,364
5,244,035
5,235,776
+ 37.2
5,934,462
3.036.608
5,427,705
4,747,592
+ 14.3
4,324,638
52,744,000
41,274,000
27.8
43,400,000
+ 39.3
3,973,218
Indiana—Fort Wayne
Indianapolis—
-
South Bend—
6,636,648
Terre Haute__
1
Moines—I
+ 39.4
+
27.8
23.886,802
25,774.631
12,016,293
+ 20.3
—
2,663,811
2,0.650,175
11,657,822
7.3
'
,;,H
—i—"JJX.JL
a
Peoria
___
.
+"
.
-
!
1,053,975
23,601,051
660,293,605
3,181,562
"2,519,258
11,958,123
.;v
i—a
:
3,159,942
-
W
,
39,322,952
*2,929,739
557,912
10,240,402
47,062,652
12,190,903
Sioux City—;
Decatur—
il, 315,240
60,137,129
.
-
Illinois—Bloomington—
.
+
3,523,096
j
Iowa—Cedar Rapids—
Des
4,764.017-
15,771,917
Wisconsin—Milwaukee
II,167,767
912,962
1.4
+
+ 15.4
:+
9.6
+ 26.3
+
Ivl,805,456
15.031,044
7,478,458
478,412
605.177,181
2,561,022
7.1
3,066,1s1?
10.439,189
30,904,137
V
099,747 Hi.'
,,
30,490,000
-456,527,265
1,704,172
7,878,827
5,946.432
5,556.894
4,308,441
+ 29.0
3,430.452
2,155,186
3,774,156
4,337,557
—13.0
2,379,803
2,381,165
947,842,992
847,846,544
+
11,8
772,776,110
580,405,610
Eighth Federal Reserve District—St. LouisMissouri—St. Louis
297,500,000
250,200,000
+ 18.9
212,300,000
121,509,869
90,780,266
+ 33.8
Tennessee—Memphis
Illinois—Quincy
85,172,857
77,045,029
63,955,446
+ 20.5
57,455,423
175.600.000
72,279,733
37,204,401
1,822,355
1,718,874
497,877,253
406,654,586
+22.4
5,238,877
213,872,947
+ 24.4
5,635.877
4,430,963
265,022,822
23.9
178,359,803
140,697,104
89,468,921
71,417,341
+ 25.3
60,674,632
47,444,744
3,094.958
+
'
6.0
1,214,718
f,077,344
356,142,998
286,161,481
—
Total (4 cities)
Ninth
Federal
Reserve
Minnesota—Duluth
District—Minneapolis—
6,516,683
,
Minneapolis
North
Dakota—Fargo
South Dakota—Aberdeen
Montana—Billings
—
12,719,323,920
+ 18.4
Inc.
4,577,206,496
for each city for the
Total (7 cities).
Tenth
Federal
Reserve
1,539,931
4,003,461
—
3,703,895
+
1946
1943
$
9.6
»
1,283,728
850.127
5.0
2,345,871
1,447,293
7,447,242
+ 33.1
6,221,013
4.581,487
310,130,926
+ 24.7
260,674,566
203,454,205
1,757.656
610,160
8,1
3,789,413
2,575,633
386,431,942
346,383,652
473,358,695
408.390,318
F»ll River—i
1,710,186
1,583,662
+
8.0
1,460,734
'
872,738
567,727
+
53.7
538,189
1,786,003
1,567,974
+ 13.9
1,886,866
+ 37.5
454,930
273,083
5,954,386
+ 18.7
107,256,119
5,888,584
96,765,412
3,832,715
123.841,215
Omaha-
425,122
484,766
+ 43.5
666,689
7,068,388
Hastings.Lincoln
72,093,395
222,197,984
+ 15.5
+
3.9
331,672,223
+
8.8
5,979,620
9,457,396
268,804,262
11,735,808
St. Joseph
Colorado—Colorado Springs——
12,881,602
360,815,874
1,
6,181,847
14,024,116
—
16?,785
347,124
7,258,600
Wichita——
Missouri—Kansas City—
+ 15.9
+
4,709,515
2,727,855
+
District—Kansas City-
Nebraska—Fremont
July 24
Dec. %
+ 39.4
+ 34.5
3,099,940
10,565,123,756
5,435,597,707
or
6,011,929
3,042.650
3.255,968
386,648,697
150,556,919
497,930,856
4,092,639
9,912,504
178,813,884
+ 17.5
+
8,379,160
Kansas—Topeka
+ 17.4
3,018,251
9,039,583
11,323,770
+
3.6
9,102,099
6,088,797
2,005,508
1,673,357
+
19.9
1.578,991
1,041,813
2,293,713
1,483,464
+ 54.6
1,450,667
888,964
7,175,587,021
6,058,334,540
+ 18.4
5,435,597,707
4,577,206,496
1,309,469
4,012,607
Lowell-
N<?w Bedford
Springfield
■■£
•
1.687,033
Massachusetts—Boston—.
4
2,816,373
62,299,474
7,183,74p
598,389,883
First Fed.eral Reserve District-
S
at—
Maine—Bangor
4
12.5
1,244,480
Lansing.
years:
1948
*.
{
6.5
+
9,970,811
Grand Rapids
0.2
detailed statement showing the figures
.
5,187,156
+
+ 15.9
District—Chicago—■'
Michigan—Ann Arbor
+.22.0
—
Week Ended
Portland--
11,330,700
3,442,094
2,827,320
Helena—
.
12,356,561"
70,641,170
,
,
"
10
_
139,100,000
St. Paul
"
Dallas
12 th
7
.
40,061,660
167,800,000
ti
"
Kansas
11th
—
48.261.012
+'26.4
"
4
.
+ 17.9
379,625,319
,
"
8th
+ 13.3
K
10
7th
13,995,628
57,039,764
606,177,425
.
"
6
'*291,897,271
186,100,000
"
7
.
811,540,566
332,246,593
Kentucky—Louisville
"
,11
+25.5
2,073.201
1945
558.911,966
12
Cleveland
5th
$
Inc.
55.821,349
355,901,178
15,929,507
Total (17 cities)
CLEARINGS
1947
148,801,087
58,819,084
67,253,953
Springfield
"
Philadelphia
4th
cities
12
.
York
New
BANK
$
-
_
_
OF
1948
2,388,130
169,374.527
26.9
235,300,000
—
Rockford
by Federal Reserve Districts:
summary
21.6
+
3,182,061
and in the '
10.6%
by 22.0%.
furnish
+
57,069,069
—
,
In the
2,631,903
186,043,229^
1,543.957
81,880,881
.
San
+ 14.2
3,006,468
72,435,390
t-,
Macon,
of 11.8%, the St. Louis Reserve District of 22.4% and the Minneapolis Reserve
crease
77.664.677
1,717,735
Florida—Jacksonville
a
gain of 16.7%, in the Boston Reserve District of 15.7% and in the Philadelphia Re-,
District of 20.3%. In the Cleveland Reserve District the totals
register an
District
5 993,000
f 1,514,355
226,151,933
Georgia—Atlanta
serve
increase of 22.7%,
8,432,762
32.1
gain of 18.4%, the
a
bank clearings at this center having recorded an increase of
16.5%. We group the
cities according to the Federal Reserve Districts in which
they are located and from
this it appears that in New York District
.Reserve
25.2
+
District—Atlanta-
Tennessee—Knoxville
Nashville———
ings for the whole country having amounted to $14,489,647,497 against $12,334,033,458 in the
+ 36.5
+
446,569,883
Federal Reserve
Mobile
give final and complete results for the week previous—the
July 24.
2,029,436
9,319,000
98,808,541
'
Total (6 cities).
3.4
+
.ends Saturday and the Saturday figures are not available at time of
going to press.
we
2,769,749
11,671,000
13o!535:343
•'
Complete and exact details for the week covered by the foregoing will appear
issue of next week. We cannot furnish them today, inasmuch as the week
ended
District—Richmond-
pistrict of Columbia—Washington
+10.9
our
In
Reserve
Carolina—Charleston
Maryland—Baltimore
3.0
+
684,782,353
,
$13,288,359,883 $12,846,825,411
'
.
759,294,$73
Sixth
in.
Federal
Virginia—Huntington
Virginia—Norfolk
Richmond—
South
All cities, one day—,
-
Fifth
Worcester.-
1,005,095
-.
384.159
7,683,552
6,570,344
+ 13.9
5,613,292
5,216,388
4.405,157
+
18.4
3,737,995
2,648,317
22,121,219
22,233,767
G.5
19,371,476
13,554,007
11.660,851
—
7,798,976
+ 49.5
8,898,827
Pueblo
i
Total (10 cities).
Eleventh Federal Reserve District—Dallas-
"
Connecticut—Hartford
|
—
New Haven
Rhode Island—Providence
New
.'
27,209,800
Hampshire—Manchester
Total (12 cities)
22,057,700
—
+
23.4
1.602,040
2,554,737
482,974,188
21,707,800
—37.3
558,911,966
7,970,227
,
+ 15.7
18,376,600
1,149,092
556,369
...
-j
..
;
455,869,354
York—Albany
14,372,892
9,225,721
+ 55.8
8,715.325
3,024,960
2,517,463
+ 20.2
1,915,620
1,440.013
77,997.140
+ 11.1
G4,455,835
63,903,755
1,358,515
+ 12.8
1,013,053
1,804,746
.„
New York.....——
1,807,002
0.1
1,313,012
+ 15.5
7,283,726,213
7,314,060,476
6,275.698,918
—
'
Rochester——
-
1,018,487
.
.
871,391
5,987,917,260
'
21,062,174
15,862,811
+ 32.8
13,737,984
10,789,134
Syracuse———,
13,915,632
9,799.966
+ 42.0
7,813,984
5,953,048
j Connecticut—Stamford
14,49.2,342
10,038,814
7,259,849
New Jersey—Montcla,ir
855.865
-
•
Il
Northern New Jersey
i
-
Total 12 cities)
2.426,327
123,144,000
17,649,741
14,153.242
9.2
3,514,000
—
42,561,355
53.608,461
11,038.811
>■
•
/'
,1;
544,900.
34,174,383
42,426,714
+ 31.3
;../t
+ 57.1
+ 24.5
+ 23.4
485.601
30.835.858
7,567,974,993
6,482,452,344-
+16.7
.
34,985,347
6,186,586,694
"l
mi
l'
\
25.389.3Q3
7,464,631,373
<,
1
397,743
40,580,074
.
-•
-
-
1
•
^
/»./' ■■
3,714,000
4,063,419
3,001,704
+ 35.4
1,733,127
1,763,737
7,223,608
+ 24.6
6,562,022
4,355,613
252,332,341
252,717,005
0.2
178,813,884
150,556,919
+ 30.0
89.176.128
—
46.661,363
1,532,391
h
4,106,994
145,248,000
+
9,000,342
Total (6 cities)
86.683,699
Buffalo—.
i
4,845,000
4.5
9.7
—14.7
—
York—
Blnghamton—
■A)
:
Wichita Falls
27,135,321
4,400,000
Galveston
5,744,374
204,767,000
23,154,523
399,626,762
"
Second Federal Reserve Dis
Jamestown
5,436,958
206,227,099
Dallas
Fort Worth
Louisiana—Shreveport
—
«*:•,*/
New
Texas—Austin
*'/-'*-•>'
v "J' i ■'
Twelfth
Federal Reserve District—Ban Francisco-
Washington—Seattle—
Yakima—
Utah—Salt Lake
134,099,159
*
•
City—
California—Long Beach
:
3,334,774
104,167,568
43,994,659
9,957,436
-
Pasadena—
9,073,139
3,061,660
2,742,156
85,809,016
66.541.413
+
5.5
33.424.129
24,118,102
+
9.7
7,399,409
i—
Santa Barbara
Stockton
Total (10 cites)—
Grand Total (112 cities)
6,170,836
+ 19.9
350,147,330
+ 12.6
;
11,411,424
J
'3,925,953
11,112.217
97.706,497
6.9
+ 56.9
+
394,125,627
San Francisco—
San Jose-:—
103,160,261
46,411,555
„—
3,564,206
163,467,650
——
Oregon—Portland—
+
2.7
7.019,671
8,994,330
6,425,137
4,628,140
351,644,182,
281,934.000
9,474,437
6,250,089
3,118,432
+ 25.9
3,117,799
2.033,739
9,352,773
8,368,564
+ 11.8
7,263.065
4,957,046
783,715,192
642,647,780
+22.0
'"598,389,883
14,489.647,497
12,334,033,458
,
'
497,930.856
+ 17,5.
12,719.323,920 ,,.10.565,123,755
'/.y75,587,021 I 6>05p,334^0'^1$,|;
'5,435,597,707 '; 4,577,206,49%
fjt.
Monday, August 2, 1948
FINANCIAL CHRONICLE
COMMERCIAL'&
THE
(482)
48
Company and Issue—
Foreign Exchange Rates
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies daily
of the Treasury the buying rate for cable transfers in the. different countries of the world. We
Pursuant to the
to the Secretary
PARTIAL
Company and Issue—
,.«give below a record for the week just passed:
.(•
.
CERTIFIED
RATES
Z
f&S,
FEDERAL
BY
.-4 ,
UNDER
r'y.;....■■
v..,,
RESERVE
/v..,,.:-yy v.v:-",;.v
TO TREASURY
BANK
ai.
.
.
y"'{
INCLUSIVE
JULY 23> 1948 TO JULY 29, 1948,
*
TARIFF
'
I
<
/["'
'
'
July 24
July 23
V/ I
For certain industrial
■
145
I
I
241
'
*
1
52464
"
1st
;J. !■:
$5
.297733*
1
52683
.251247*
Cornell-Dubilier
.200000*
.200000*
1
Danville Traction &
5s, due 1951_Aug 16
Deerfield Packing Corp., 3%% debentures, due 1962—Aug
1
Empire District Electric Co.\ 1st mtge. 3VaS, due 1969_Sep
1
Food Fair Stores, Inc., 15-year 3'/2%
debentures.^
.Aug
1
249
344
44
3.212296
.022825
.054406
.054406
.054406
1.000000
•
;
.022823
.022821
.054406
V
1.000000
'•/
.927187
.020060
Closed
4.031406 '
/
'
.
10046.71*
Official———
Free-
.-i
it--j. l; V'i%
,003261*
;
\'x
•
'
4'
India, Dominion of, rupee—1
* *
v
{'
4.031484
;:<
t
/
•" I *
.004671*
.004671*
.003267*
.301691
Newfoundland,dollars,*
'
.*
.301691/7
....
<
•
1.000000
'1.000000
:
Norway, krone——
Portugal, escudo
.924791
3.225166
.201580
.201580
.201580
.040318
.040321
.091324
7091324
.278242
——
:.. f
u
••
•... ■■ 1
.278242
■
.278242
-
.
,
'
.278242
.925625
ENTIRE
Company and Issue—
.658300*
.658300*
.561800*
.561800*
,
/
1948
$
certificates
$
\
21.734,670
-
for
July 30,
'1947
$
July 21,
1948
+
19,999
,
612,133
+
279,535
cash
17,052
+
.
326,731
advances
2,947
—
22,396,803
8,976
41,462
+
,7,789
55
7,734,681
—229,100
Industrial loans
—
,
60,803
+2,105,688
+
+
—
8,560
215,724
934
Bills
4,957,407
+
2,000
1,953.300
—
4,500
;
;
•
•'£
first
which
all
A
————II——I
6,563,921
+ 115,158
Govt, securities-
21,209,309
—116,442
—
reporting
21,536,829
—
75,035
—
587,573
+5,838,231
Total
loans
and
Due
from
R.
foreign
notes
of
banks
other
49
banks
Uncollected items
Dank
premises
Other
assets
7
Total
—
132,475
-
5,127
206,262
580
85,431
+
+
+
•—350,752
+
Federal
notes
Reserve
23,725,348
Deposits: 1;
U.
.i
bank—reserve
—
30,889
—
347,397
Treasurer—gen.
Other
+1,179,653
acct.
17,533,595
+
31,082
acct.
1,821,784
—
57,058
—
53,194
—
210,217
497,680
S.
+
7,824
—
151,115
//Foreign
Other
U.
+ 1,117,162
deposits
Xteferred
20,230,230
availability
items
Other liab., incl. accrued divs.
Total
liabilities
—
—219,289
+
1,012
2,224,564
14,618
46,194.760
71,346
I
—320,512
U.
205,555
1,682
+
+
U.
S.
Other
199,045
-
+
45
+
6,544
Cash
8,366
—
448,189
27,543
v
+
+
88
30,285
+
" 12,135
.
58,921
—
(Ratio
of
serves,
note
.
gold
certificate
46,928,458
—350,752
* 1,822,455
combined
banks
Contingent
liability
on
purchased for foreign
respondents
Commitments
to
make
+
0.2%
3.1%
+
bills
+
1,576
—
529?.
—
Federal
223
—
+
239
53
33
' 4
18
6,424
—
1
—
485
Banks
Condition Statement of Member Ranks
+
12,922
—
—
46,726
14,940 "v
1,362
during
j
-—i
—1—
demand deposit accounts, exceptS.
+
+
Corp.,
7%
461
509
743
481
—
+
•»',
•
The condition statement of weekly reporting member
of the Federal Reserve System in leading cities
shows
the
following principal changes for the week
ended July 21: Increases of $239,000,000 in holdings of
Treasury bills and $299,000,000 in demand deposits ad¬
justed, and a decrease of $481,000,000 in demand deposits
credited to domestic banks.
Commercial, industrial, and agricultural loans in¬
$17,000,000 in Chicago, $10,000,000 in the Kansas
District, and $21,000,000 at all reporting member
hanks, and decreased $14,000,000 in New York City.
Loans to brokers and dealers for purchasing or carrying
:
creased
City
United
States
Government
securities
decreased
Armco
30
96
*
4 V* %
000,000 and loans to brokers and dealers for purchasing
Arnold
-or
carrying other securities increased
largely in New York City. "
Holdings of Treasury bills
1st
6%
:
districts, the principal increase being $180,000,000 in New
V; Series
,
Series
Q, 2%%, due-1976„_~(.
.
R.
23/4%,
due
1981—
Mills,
2
S, 3%, due'1978.—
Aug
2
Hill
trating
California
&
Co.
/
.
CO/ (s-a)
Special
.
8-
2
40c
9-i
8-13
9-
8-13
9/1
,
•i
35c
Inc
.
$8.67
8-16:
,;9-L.
8-2®
8-
9-
9
8-1®
1
8-1®
8-16
9-14
8-14;'
>
.8-1®
9-30
■9-2J>
8-16v
8-
3
10-
1
9-15.
9-
1
8-11
60C
—
25C
60C
10-
1
9-
1
'?> 50c
&
8-
20c
9-15
8-2®
9-1
2
8-1T
Concen¬
25C
quar.)
9-
/ 8-
1
3
3
25C
1
8-
9-
7
8-24
15c ; '
___
9-
25C
———
(quar.)
States
Life
8-13
8-16
$1.25
;
(quar.)
Mining
8-25
15c
(quar.)
_—
-
8-14
9-1
25c
(accum.)
1
8-13
0/1
$1.50
Corp..;
Rubber
Mills
1
9
8-14
50C
(quar.)
(quar.)!
pfd.
8-
15c
50c
—
(quar.).
&
(increased
California-Western
249.-..
1
8-12
25c
Sullivan
——
9-
—
(quar.)
Cotton
9-
9-15
60c
>i.
Inc.
9-15
$1.50
Buckeye Pipe Line Co.—
Budd Company, $5 preferred
Burdines,
249
—
common
Co.
Hose
Falls
9-15.
9-; i
$1.75
——w
;J(quar.)
Insurance
Hill
8-13
8-ltt
;
—
—
7%
Woven
Buck
2
—'
(quar,)
common
Brass
Company
9-15
10-15
.
25c
Z—
&
Boston
^
Series
8-1®
8-1®
$1.50
com.
Associates,
Co.,
C.)
;
-9-15
..
—
(quar.)
Tobacco,
1
'hf-r: $1
Company
(H.
9-
40c
(quar.)
(quar.)
Corp.
Carpet,
Boston
249
,<
9-15
-
93 %c
com.
Inc.;
Spinning
Steel
Aluminum
Borden
Page
2
-Aug
6
8-13
;j;
9-1
.
T
50c
preferred';:(quar.)
Bohack
'*
.^_Aug
iu—
Show,
Inc.
Fine
Bros.
Extra
i
8-
8-16
8-31.
1
8-2®7
1
50c
.
(quar,).—.
preferred
Bohn
,,
in most of the
9-
-9-
$1.12 V2
(quar.)Z——
(quar.)
preferred (quar.)
Radio
Bigelow-Sanford
bonds, notes,
V..
9- i
9-247
v
1 15c
Inc..
Co.,
preferred
Bunker
•.
2
9-24
10c
75c
preferred
2nd
6%
TENDER
refunding mortgage sinking fund bonds:'-;
P, 3%, due 1969—
-_i
8-
.7-3®
io- i
common—.—'—
Co.,
Goods Corp.,
Dry
7%
given in the "Chronicle."
Series
increased
Cork
6%
Consolidated Gas, Electric Light & Power Co. of Bait.—
$89,000,000, both
8-26
1
8-15
12>/2C
(reduced quar.) —
(Indianap¬
'
and common stocks called for redemption,
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
Date
9-
Insurance
Corp.,
common
convertible preferred
Baltimore
6% "
.<■
9-16'
1
30c
Hoffman
Elock
!
8-17
9-10
30c
(quar.)
Steel
Blaw-Knox
•
Y.)
Tobacco*; (quar.)
Telephone, Ltd.—
Associated
preferred
including
•
(N.
$3.75 preferred
(quar.)
$4 preferred* (quar.)—————--.-
Notices
Company and Issue—
1
10-
$1.75
—
Co.
Razor
States
Armstrong
Redemption Galls [and Sinking Fund
$108,-
1
9-
30c
Class
A
(quar.)_
;
Argo Oil "Corp. (quar.) —^
Berkshire
OF
9-
1
8-31
75c
(quar.)
Bethlehem
NOTICE
1
10-
25c
(quar.)
Safety
.
were
10-
$2.40
'/
vious week 20,644) ;
♦July 14 figures revised (San Francisco District).
tBeginning June
30, 1948, individual loan items are reported gross, i.e., before deduction
of valuation reserves, instead of net as previously reported.
Year-ago
figures have been adjusted to a gross basis.
'
•
'
which the details
8-14
Anglo-Canadian
v
Below will be found a list of corporate
1
$1.75
(quar.)_
(increased)—
common
Beaunit
banks
8-2®
9-
Co.—
Leather
&
preferred
American
(Revised figures pre-
21,743
7-27
1
50c
(quar.)
preferred
7%
Co.,
Re-Insurance
<■" •"-»
•
7-27
1
75c
Co.
American
248
3 •'* '•+
44
.+
—
1
8-
9-
40c
common
(quar.)
American
;
:
—
1,369
229
,
—
8-
30c
Note,
Can
accounts,
Govt,
week
+
+
;
8,761
banks
banks
---
15c
8-13
1
75c
common
+
299
4
88
+
9-
9-2®
75c
Co.,
Board
Box
Hide
olis)
adjusted
10-20
$1
preferred
(quar.)
American Indemnity Co. (increased quar.) —
American Pulley
Co
—/
American
Radiator
&
Standard Sanitary
+
72
52
223
—
792
2,234
demand deposits:
'v-i
9
8-16
75c
•
4,318
i
Reserve
U.
9
8-
25c
(quar.)
common
convertible
6%
f
and
8-
Co.—
Bank
American
153
+ 1,114
+
29
—
34
+
'+'
A
8-16
-(quar.)
American
1,046
—
225
—
: 152
—4.944
—
3
8-
37»/2C
(quar.)—
preferred
6%
619
4,275
6
+
I—— 25,951
-
Louis
American
175
+
+
,>
deposits
interbank
-
trial loans
+
65
+
8-
8-16
(quar.)
Arch
American
37
778
1,997
4,447
<2,484
deposits,
T ' Foreign
>2,943
indus¬
+
8-14
5c
American Automobile Insurance Co.—
237
328
except Government
U. S. Government deposits
Time
Debits to
v,
.;
+
3,748
securities—total
Borrowings
cor-
—
34,879
,
—
Liabilities—
Domestic
51.C%
3,843
loans
1
3
6
Corp.,
Brothers
American
-
to deposit and F. R.
liabilities
—
—
7-3®
75c
—
(quar.)
(quar.)—
preferred
St.
vault
Interbank
re¬
15
8-5
8-16
—
American
39
+
8-15
25C
Corp.
preferred
Holders
When
Payable of Rec.
20c
Mortgage Corp.—
Co.
Stores
4%
2,553
—
89
—
with
Demand
Total liabilities & cap. accts.
+
500
loans
in
+
108
—
545
;
Balances with domestic banks*
•
capital accounts
480
obligations
bonds———,.
securities
Reserve
Capital paid in
Burplus. (Section 7)
Surplus (Section 13b)
21
+
272.
Government
are:
Share
Extra
for
bills
Treasury certificates of indebtedness
Treasury notes
i
+1,795,322
week
this
(quar.)
Corp.
Co.-r—
Radio
Altorfer
Treasury
Capital Accounts-
Other
S.
announced
(quar.)
Kid
Allied
pur¬
securities
S.
estate
Other
+1,935,482
for
purchasing or carrying:
Government obligations
;
Other
Real
3,901
Allied
$3
securities
loans
Loans to
Total
Government
Other
.
377,) 71
Member
+
+
Title &
A
Aircraft
carrying:
or
S.
U.
77
75
14,502
—
dealers
and
brokers
to
chasing
+
+
Vending
Wire
Acme
23,978
—
agricultural
and
loans
Loans
Class
24,218
—
318
+
C.
B.
Abstract
338
3,784
63,175
—
Loans—grosst
Commercial, industrial,
+1,822,455
1947
(In millions of dollars)
Investments—total
and
Loans—net
Liabilities-
A.
July 23,
1S48*
1948
Assets—
Loans
in the week when
Name of Company
July 14,;
July 21,
53
"General Corporation
News Department"
Investment
The- dividends
Dec. (—) Since
3,560
+
—309,382
—
36
2,410,527
32,483
* 139,75?
46.928.458
assets
2,546
+
Further details and rec¬
past dividend payments in many cases are given
Per
„
T.
second table in
a
banks follows:
member
Inc. (+) or
S.
follow with
we
show the dividends previously announced, but
declared.
of reporting
of the assets and liabilities
802,363
securities-
summary
Then
week.
under the company name in our
banks.
member
grouped in two separate tables. In the
bring together all the dividends announced the
we
ord of
and
at
5Vol. 164.
are
which have not yet been paid.
+1,584,000
securities:
we
current
-
$44,000,000
decreased
Borrowings
—6,582,235
—1,642,359
Certificates
deposits
■
§Vol. 167.
165.
DIVIDENDS
Dividends
York
trict.
$Vol.
in this issue.
♦Announcement
adjusted increased $195,000,000 in
City,I'$71,000,000 in the Cleveland District,
and $299,000,000 at all reporting member banks. United
States Government deposits increased $88,000,000.
De¬
mand deposits credited to domestic banks decreased in
all districts, the principal decreases being $153,000,000
in New York City and $69,000,000 in the Chicago Dis¬
Demand
New
+2,166,491
R.
F.
gold ctf. reserves
Total U.
Electric
City and increased $11,000,000 in the Minneapolis Dis¬
trict, $10,000,000 in the Atlanta District, and $4,000,000
at all reporting member banks.
decrease (—) since
<
July 28,
Assets—
Bonds
Page!
Date
—
Holdings of Treasury certificates of indebted¬
$53,000,000 and holdings of Treasury
notes increased $33,000,000.
Holdings of United States
Governmeht bonds decreased $26,000,000 in New York
Increase ( + ) or
*
•
•
Govt,
)
/
.
.
Hydro-Electric Corp.^—'
1 .
•
?
5s/ due 1958—J/—//———wbdt;/1
*
Power Co., 1st mtge. 5s, due 1951
.Anytime > 52143
Georgia-Pacific Plywood & Lumber Co.—
'
/
1
$1 convertible preferred stock—
Aug 23
'• :
•
Gilbert
(A. C.)
Co., preiefence stock.—
Oct
I f/' 251
Kingsburg Cotton Oil Co., preferred stock
Aug
1
52789
New York Gas & Electric Light, Heat & Power Co.—
Purchase money 4% bonds, due 1949
Anytime
$2004
Ohio Power Co., 6% debenture bonds, due 2024___Jun. 1, *49
§1591
Ottawa Electric Ry.,
1st mtge. 2(4% serial bonds
Aug 12
52690
Tennessee Gas Co.,
1st mortgage 6s, ser. A, due 1950-Sep
1
255
Union Terminal Co., Dallas, 1st mtge. 3%s," due 1967-Aug
1
256
decreased
ness
thousands of dollars)
(In
U. S.
CALLED
1st mortgage
York City.
Reserve Banks Combined
fund
.658300*
.561800*
•'
.561800*
.561800*
Statement of Condition of the 12 Federal
and
ISSUE
' '
■
Butte
♦♦Temporarily omitted.
•Nominal rate.
Other
.
.
Noncontrolled
Discounts
•
Falls
Bellows
.233628
*
Total
1
i
.4.007500
4.007500
4.007500
.658300*
.658300*
!
Controlled
Redemption
V notes
.'v
bonds,
,
,
.
Uruguay, peso—
Gold
v
6%
1949——__Oct
due
.
.278242
'
•<
.233628
.233628
-
4.007500
Closed
/
:
.233628
.233628
4.007500
pound
and B,
A
*
250
Corp.—
Marcy, 1st mortgage leasehold 6% bdnds ■•/:——_.i—
Aug
1
252
McCord ;Corp., lQ-year 4,/2 % debentures, due * 1956—i-Aug
J /V ? 41
Merritt-Chapman & Scott Corp.—
)
:'61/a % preferred stock, series' A—
—8ep; 1
52580
Monongahela Ry., 1st mortgage 3 y<s,- series B, due 1966-Aug 1 '• 52689
New Process C,o., 7%
preferred stock—
Aug 1
253
Pacific Portland Cement Co., 6'/2%
preferred stock
Oct' 1 " 52793
Philadelphia Co., iVt% collateral trust bds., due 1961_Aug 27
.■*•'■;'* *■
Saint Paul Unidn Depot Co.—
'
-I v /
t
1st and ref. mortgage series'Bl 3 V8 */^ bds., due 1971—Oct»,1//
353
Safeway Stores, Inc., 5%.preferred stock—Oct
;lt"
255'
Sun Ray Dfug Co.," 15-year 3'/*% debentures————Aug
1
256
Union Terminal Co., Dallas—
; ■■V,"' T;: /.V1
1st mortgage 3%% bonds, due 1967—Aug >1"
25Q
.091324
-
;
Union of South Africa,
Products
.040325
.091324
7
.201580
.040331
[
3.225166
.091324
Switzerland, franc
1.000000
.922916
.040328
fipain, pesetaSweden, krona
1.000000
1.000000
3.225166
'•
.924583
Closed
.201580
i.
:
3.225166
.920833
3.22*5166
New Zealand, pound———
Aug
series A
:
Power Co., 1st mtge.
.
{
1
Free
7
.376000
.376214
.376285
,376000
.
Offlciak—
;
•"
'
*
♦ a
{375937
!
.003270*
.004671*
.003267*
;
'
.208574?
,
I
t
.301691
.003265*
.301691
'
;': t^
Mexico, peso
Netherlands, guilder
[V
.,,004671*
l.r
•
.301691
I
'
t:
■
.020060
4.031406
.
4.031406
(Metropolitan), franc—
4
■
H'-r
.020060
.208574
4.031406
/'
:
series
A1*
.020060
.208574
i
'*
.208574
.020060
.208574
Food
——Aug
Corp.—
stock,
'••-V 1st and refunding mortgage convertible
.928125
r
stock—-—---.-/,,———
Electric
preferred
Hygrade
1.000000
V
«*
■
Denmark, krone——
;
.
<
.927421
.925156
**
Ozechosiovakia. koruna___
France
:
'
(.
preferred
$5.25
3.212296
y
•.
1.000000
y '"/? \ ~"
'
,
#«■
England, pound sterling™
Inc.—
.251247*
3.212296
.923359
Colombia, peso_
of New York,
Co.
.297733*
.022807
•.
.
1.000000
i
43;
mortgage 6 Vu%
.251247*
'
Free__
.
D, due 1962_Sep
ser.
.297733"
'
..
.054406
Official
'
bonds,
,.200000*
Canada dollar—
V
RR.—
Indiana
mortgage 4'/4%
Consolidated Edison
$
$
.
.
.022804
;t
Western
ref.
bonds, series A———Oct' 11
.1st mortgage 5bonds,'-eeries<-Ba^i,^i-iJwu—^'-fr/iOct<
July 23
July 28
'
3.212296
Closed
3.212296
Brazll, cruzeiro.
&
and
251247*
*,I'* '"/>.'/•/' .'.V..
.200000*"
Belgian, franc.
.
.200000'
.267733*
.251247*1
j—
July 27
July 26
mm-mm,——
M mm mm amp- — mm mm mm wm
Cleveland Union Terminals Co.—!
$ /'
.297733*'
products-
Australia, pound
"
'
,
6
';S
/
Page
1
1st
Argentina, peso—.
For "regular" products-'
For "non-regular" products
I
Oct
mortgage
Chicago
Country and Monetary Unit
'
Date'/
<
"
-
.
1st
"
,
'
,
Co.—
Carolina,
1930
OF
& Machine
6Va%
bonds
Page
345
350!
Clinchfield & Ohio Ry.—;
;
mortgage 4s, series A, due 1965———Sep
Central Soya Co., Inc., 3 % debentures--—_---—_-_-Sep
1st
^.". -
<:■
ACT
Buying Rate for Cable Transfers in New York
Value in United States Money \
J
Noon
21'"/'
/Of'/
f;
REDEMPTION
i
»
Bethlehem Foundry
\Vr-.5v.-
;
✓.
EXCHANGE
FOREIGN
pate
,
(Walter E.)& Co., 5Vi% preferred stock-—--Il-Seiv
Peoples Brewing Co. of Trenton/ 1st mtge. 4s, due 1953-Aug
Heller
9-15
8-2®
Insurance
,
50c
9-15
8-31
9-15
50c
7
8-31
jVoliime 168
of Company*
J 40c
{panada Iron Foundries,- Ltd.* common---—.
j 6% non-cum. preferred (s-a)
J30C
Canada Malting Co., Ltd.v (quar.) __
{Canadian Ice Machine Co., Ltd.—
Class
■■■i
A
.
(ljuar.)___—
1
99-
1
i$i
$4.50
10-
Chilton
4%
special
Fibre,
Clorox
8-5
8-10
Loblaw
Lowney
8-17
Lyon
9-10
preferred
Colonial Stores,
Colorado
•
Central
preferred
$5
Connecticut
Power
Co.
Telephone
Commonwealth
A
preferred
Corp.,
8-
9
8-
2
8-
3
50c
9-14
8-23
25c
^
9
Ronson
(Walter
Inc.
Ai $1
8-31
42c
Lyons
Products,
8-13
8-10 J
2
9-1
8-16
9-
1
8-15
10-
•
1
9-15
;
Sagamore
8%
8-10
8-6
MacLaren
9-10
$4c:
8-10
1
9- 6
.
1
8-25
Seaboard
9-
1
8-6
10-15
9-15
1
8-10
9-
9-
8-10
12V2C
8-15
8-10
8-15
8-10
l
Co.,
8-20
8-
2
7-2G
50c
9-
1
8-20
50c
(quar.)——
————
9-1
8-20
9-
45c
.
1
1
75c
8-20
9-
62 %c
(quar.)——
8-14
preferred
Massachusetts
Massey-Harris,
Co.—
$1.25
9-
1
8-15
9-
1
8-16
Meier
8-13
Merchants Fire
9-15
conv.
Frank
&
Sloss-Sheffield
8-31
8-
7
Southeastern
8-13
8-
6
8-
6
4
7-30
8-13
8-
$1,06'A
10-15
10-
1
7-31
7-23
40c
8-16
8-
3
f'
25c
9-
1
8-16
8-21
Standard Oil Co. of California
8-21
Standard
7-31
Standard
Standard
Varnish
'50c
8-13
7-30
Swan-Findh Gil
40c
8-13
7-30
9-10
8-31
15c
9-
1
8-16
6%c
8-
(quar.)
—
Co.,
class A (quar.)
Coon (W. B.)
Company (quar.)
^Cooper-Bessemer Cprp,—
jCommon
(increased
quar.)
(quar.)
—
9-
1
8nl6
Syracuse
8-
1
7-22
20c
8-16
7-31
8-2
7-26
Tampa Electric
Tampax,
Inc.
(quar.)i___.
Taylor & Fenn Co. (quar.)
Teck-Hughes Gold Mines, Ltd.
25c
(quar.)
Corrugated Paper Box, Ltd.,
5% preferred
(quar.)
(L.
A.)
Mitchell
(J.
8-12
Mohawk
Carpet
7-31
Monarch
9-15
9-
Monroe
.
r
Rayon
Dentists
Co.,
$1.50
prior
preferred
uDistillers; Co., Ltd.—
American
Cup
Class
9-
1
9-
1
&
Eddy
Paper
(accum.)
7%
92%c t
Acme
8-10
National
8-27
50C
8-17
9-
35C
8-
8-
7%%
11-
Eall
River
Ltd.
Co.,
Ltd.,
Rubber
class
Mfg.
A
Co.
Filtrol
Co.
of
Neon
New
■E
1
8-14
7-31
New
9-10
8-20
9-
8-14
11-
10-
1
Class
B
Pitt
Extra
$5
Newport
Niagara Wire
9-15
Nineteen
Gabriel
Gair
Works
Steel
General
,
(
k
(s-a)
$2.50
;
^
y'f
■
'
of
Extra
8-16
8-
9-29
8-20
7%
9-7
$2.25
8-10
2
50c
9-10
9-10
9-
Philco
25C
_
9-15
9-15
Phillips
35c
9-
■
1
75C
:_A.
50c
9- 1
8-16
25c
9-
8-16
;
1
9-
1
8-16
9-
1
8- 6
■
8-16
25c
A,A.A
50C
25c
__
7-27
9-10
8-27
Pratt
9-
1
8-20
Public
25c
9-
1
8-16
56'Ab
10-
1
9-16
$1
Hunt
5c
Foods,
preferred
Illinois Central
Indiana
Gas
&
Ingersoll-Rand
Co.,
-
new
common
Co.———.
Standard
&
■
8-16
9-
1
8-16
$3
9-
1
8-11
9-
1
8-13
75c
-
Johnson
(N. C.)
1
8-
1
9
30c
7t30
9-11
8-26
Jones
Estate
Jones
&
Corp.!
20c
Laughlin Steel Corp
— 5%' preferred A
(quar.)—
5Kentucky Utilities,
x
■;
Kinney
4% %
pfd.
8-17
50c
10-
$1.25
(quar,)
10-
5
1
9- 3
9-1
8-16
25C
9-27
9-10
15c
9-27
9-10
$1.25
8-25
8-10
$1.18%
-r~-—
•
'
(G.
R.),
Inc.,
common
-
Extra
$5 prior
.
preferred
(quar.)
Stores,
-
Cedar
X#.
>•
..
S.
One
10-
1
62 %c
9-
1
8-10
$1
10-
1
,8-10
Corp.,
preferred
Steel
New
(quar.)
8-
5614 c
9-1
8-16
$1.25
9-10
Warren
8-
9-20
EOc
—
Co,
&
8-20
Wesson Oil
9-
1
West
9-
1
9-
1
Ohio
&
com.
Snowdrift, $4 pfd.
Gas
Co.
9-
9-11
8-28
Whitaker
1
9-15
Wilkes-Barre
8-10
7-26
8-25
8-13
9-
1
8-17
1
8-17
.8-10
8-27
8-16
v
9~ Z
8-2b
new
Lace
Special
8-14
8-17
9-
9-
$1
1
10-
95c
It..
_'.
9-10
10-1
9-10
8-10
10-
1
30c
(quar.)
9-
1
9-
1
~$1
;
9-13
8-10
8-10
AA?. ;aa
Winters
Crampton; Corp.-rNew
common
(initial).
Wood Newspaper Machinery—
5%
convertible
preferred
(quar.)
Woodall Industries, Inc., common
(quar.)_
5%
50c
8-27
8-
9-1
3iy4c
25c
convertible
preferred, .(quar.)
Wright Aeronautical Corp.,. com,, (special).
8-10
9-1
35c
:
9-f
,'9-: 1: ■.;!"
87 %C
—
8-13
9-20
25c
:
1
40c
(initial)
common
Mfg.
8-14
9-1
17%C
..
-
Paper,
:A9ALA
35C
—_
9-1
9-10
8-13
9-20
(quar.)
(quar.)
9-30
9-
8-13
15C
9-30
$1
2
$1.12
25C '
62 %c
9-
8-10
9-15
(initial)
30c
$1.37%
9-15
Ltd.—
Westinghouse Electric Corp,, common...
3 % % preferred A (quar.)
3.80 %
preferred B (quar.) ...".1,
;
Westvaco Chemical
Corp
1
9-30
:
1;
75c
Worts,
D.) Company, new
preferred
(quar.)
Wellman
Engineering Co
1
10-
9-
75c
.,.—
8-25
25c
20C
(quar,)
(S.
1
10-15
8-ifr
8-25
50c
1
■
2
8-20
9-30
$4.50
1
6
$37 %c
2
10-
3
8-
v
$12%C
—
(H.)-Gooderham
9-8
10-15
-
Oil
—
Insurance
9-
50c
"1'
{
$1.75
Ltd.;
Co,—
(initial quar.)
common
10-
8c
9-lfr
9-1®
A
Special
10-
10-
1 A
1
8-18
(quar.)
Corp.,
Consolidated
Walker
1
10-
8-10
8-16
8-10
8-20
10-
"""l5c
;
(o.uar.)
common—,.,.———
8-31
v
8-1 CP
,
50c
—.
8-10
8-
2
1-3-49 A; 12-17
—
9-10
1
1
9-
9-15
50c
common
9-1
8-16
10-
$1.75
22 %c
8-20
10-
.
62 %C
(quar.)
held.
Steel
S.
7-22
25c
(quar.)
$1.41%
Corp.
(stock
dividend)—
of 'common
stock
for
each.
share
2
10c
•
A:: A.
.
9-1
i
8-20
8-31
'3iy4c
<
4
8-13
':v;
8-13
8-23
8-
9
■
37 %c
'
Co.
9-
1
8-14
9-1
25c
'
t
(N.
8-14
9-
1
8-21
10-
1
8-16
8-16
8-
2
25c
9-
1
8-
6
9-
1
8- 6
10-
1
9-10
!__
$1.25
-
60c
9-
1
50c
9-
9
8-19
15c
(quar.)
(quar.)
9-15
8-20
$1.25
.
.
•
Little & Co.,; Ltd.,
9-10
..
.
—:
4V*% pfd. (quar.)
8-
10c
-—
11-30
-
11-15
8-31
8-16.
8-31
8-16
10-
2
8-30 '
1
give the dividends announced in prevlcW
we
weeks and not yet paid;
Tlie list does' not indude divi*
dends announced this week, these being given in
tfta
preceding table."
Per
Name of Company
*
Acadia-Atlantic Sugar Refineries, Ltd.—
Class A partic
preferential
(quar.)
5%
(quar.)
Corp. (quar.)
Agnew Surpass Shoe Stores,
Share
$25c
$$1.25
preferred
Adams-Millis
50c
Ltd
10-'14
9-
9
Air-Way
10-
1
9-
9
25c
9-
1
25C
8-12
$120
—
15c
When
Holder*
Payable of JUt
10-
1
9-ia
9-15
8-20
8-
7-16
2
9-1
8-
7-30
2
"7-20
Akron Canton & Youngstown RR.,
$1.12 y3
8-10
$25c
: 42 %C
20C
$$1.06'A
5%
Alloy
7-30"
•
class"-.A,,.—^
:> Rocklahdf Gas! Co.j Inc.'v (qilar.) 12-—--—-—
-
9-10
1
25C
.
Works__A—
.y
1
8-16
$1.18%
.
.n-v
10-
10-
10c
(quar.)
—
,:.•■■■>
IOC
,
8-17
*
$1.75
V
(quar.)
Extra
Below
;
—
(quar.)
(quar.)
Worsted
7-30
25c
Wyandotte
$5
9-20
'"84c
Common
Y.)—
!1——
1st pfd;
common
Paper' Co., Ltd.,
Corp.—
Radiator-
8-
$2.50
/Rockwelf lMfg,
(quar.).,
eaAh share held.
for
Winding. Co.-.,;
Vanadiaum-AllOys Steel
Wagner Electric Corp. (quar.)
_
common
--
participating preferred
Universal
3
New Hampshire—>.
Inc.,
Traction
V. 8. Spring Si Bumper Co.,
4
'
(quar.)
& Trust
Mills,
&
S. Playing Card C».;
(quar.)
Extra
U.
9-
93%C
& Brass, Inc
Copper
Robinson,
10-
Light
.
United Piece Dye Works—
:8-io
1
50c
non-cum.
preferred A
Rolland
6
Co.,
50c
series
1st
prior preferred A
preferred (quar.)
Richmond
:4
7-
American
National
$1.25
(quar.)^^_———_^i—
Corp. (quar.)__
Hosiery
Owl
Revere
3
7,27
of
common
$1.50-
(quar.)
Remington Rand, Inc., common——.
$4.50 preferred (quar.)
8- 5
9-
6
9-15
$1.75
———
1
8-
share
Universal
40c
(quar.)
Co. of
Bakeries
4% %
7-26
10c
_•
1
8-20
50c
Service
Silk
7%
Red
8-17
9-10
50c
preferred
5%
8-18
$1.75
8-15
8%c
,
(quar.)
Beading Co., 4%
Real
8-9
9-1
Co.
1
Co.—
preference
National Bank
Purity
■-ft
8-6
7%
preferred (quar.)
United Light & Railways Co. (stock dividend)
—
30c
(quar.)
Company
Food
'5%
8-17
(quar.)
90c
Extra
—
-
(quar.)
9-
9-
50c
(initial)-
——_
Life Insurance
Semi-annual
Johnson
9-1
75c
Steel
Jefferson
8-16
30c
Special
Inland
8-31
12 %c
(quar.)
J.
RR. Co., 6% non-cum. pfd._
Water (quar.);
8-11
12 %c
Y 5%> preferred series A (quar.) — 'I:
'"'•5%'
9-10
25C
Refining (increased)
Inc., common (quar.)
Gear
3.35 %
preferred
Publid Service Co. 'of New Mexico
Pdre Oil Co., common (quar.)_.
7-30
$1.25
&
8-20-
75c
20C
Quarterly
Public
(quar.)—
&
11-
9-
(quar.)
Pleasant/Valley Wine__^,—
Poor & Company, class A
'■
.Class i ;B-.:
31c
.
8-24
common
Cos.
Engineering & Foundry
15c
common
prior
Pittston
•'
9-10
7%
$5.25'
preferred .(quar.)
Screw Co. (increased)
5%%
8-24
25c
Coal
(quar.)
-•_!
Universal
——
'
.
9-22
9-10
United
Hosiery Co.-.,,————
Pillsbury Mills, common (quar,)
$4 preferred- (quar.)
Pittsburgh Steel Co., 5% pfd. A (accum.)
9-1
8-16
25c
Electric
&
■;Phoenix
10-1
8-26
pfd.
$3
Co.—
U.
6
of
Corp
Machine
3%%
$2
;
•
preferred
Fund, -Inc.__
Oil
Coal
Corp.,
8-23
10-
$1.20
Insurance
preferred
15C
8-
Pacific
—
2
93%c
7
1
(Del.),
U. S. Lines Co., common
4% %
preferred (s-a)
8-25
8-16
1
9- 7
$4. preferred (quar.).
7%
preferred
(quar.)
8-31
9-10
|
9-
9-14
(New Bedford, Mass.)
Storage
New 4%%
preferred (initial)4....——
U. S. Finishing Co., common (quar.)
1
9-10
'25cJ
9-14
25c
,
6
1,
U.
Co
50c
(quar.)
(quar.)
Cold
'! 4%%preferred
•
8-2
9-
share
'
8-31
10-
.
;
——
9- 2
50C
m
9-
$2
(accum.)
8-
8-14
;
75c
Non-cum.
8-16
1
Corp.,
8-25
9-10.
30c
w
i-
8-12
V
$1.25
A
Railway
Corp.
2
1
$1
Philadelphia Co., $6 preferred (quar.)_____
$5 preferred (quar.)
.,r,_
5%; non-cum; preferred (s-a)
Philadelphia Electric Co., common (quar.),
$1
preference stock
^
Co.—1
—
convertible1
Humble
of
Perkins
75C
—
Plan
G.
amount
8-10^
Houdaille-Hershey Corp.—(■
$2.25
the
share
9-1
Hobart
Howe
Ben
Pacific
of
in
preferred
1%
Tube
Life
8-
8-16
9-
In
9-10
-
'
-!
Co.,
common
preferred B (quar.)
Mfg. Co. (quar.)
-7 %
shares
paid
l/80th
SEC.
50c
1
7-21
2
10-
held
Seamless
8-
9-
1
8-108-21
1
United
.
9-
8-31
9-
5
8-20
8-16
25c
40C
I
$2
One
9-10
1
9-
8-20"
7-26
9-10
10-
8-16
9-15
2
80 shares held.
7-30
50c
Heywood-Wakefield
J
be
each
Sand,
State
each
on
9-30
California—
Hartford-Empire Co.
(cash
25c
8-
United
.
8-12
8-11,
8-11
9-10
8-31
8-
2
50c
the approval of the
will
E.
&
9-15
8-23
8-
(partial
liquidating dis¬
share of Pacific Gas &
One
fractional
River
1
$40c
A (quar.)
(s-a)
dividend)
3^ 3
7-27
$1
8-10
Otter
37 '/2C
(quar.)A.-A---
-
;
9-
ser.
8-16
(quar.)
preferred
Extra
8-20
50c
84 %c
Extra.-'AA-
Class "B
8-28
;
pfd.
3
of California¬
United
8-17
^
1
9-
4
8- 9
2
$1.06V4
10-11
9-1
Dock
Dry
Tail Power Co., common
:
$3.60 preferred (quar.)—
Parkview Drugs, 35c: jartic. pfd: (quar.).
Peoples Drug Stores, Inc. (quar.)
__
Co.
&
8-
$4 participating prior preferred——
United Aircraft, 5% pfd. (quar.)
8-20*
8-28
10-
25c
(quar.)
8-23
,
8-
8-16
12 %c
Terminal
37 %c
20c
Ltd
50c
—1-!—.:——A.—
Street
9-17
(quar.)
'
8-16
,
Union
10-. 1
93 %c
7-22
I
40c
Union
9-17
20c
1
9-
6
8-16
9-7
10-
$40C
v
8,
$1.75
11-1
$1.25-
8-16
•
9-15
$$1.25
9-1
for
8-17
1
(quar.)__
share
8-11
50C
pfd.
8-
10c
" 37Vic
—
1
9-11
8-31
A $5c
9-30
25c
10c
(quar.)
's.75
8-18
9-15
'
9-
25c
8-13
9-10
20c
—1;——
—
Oil Co,
v
8-16
(quar.)
Co. (quar.).
Coal
'
5
9-15
25c
8-24
$1.12%
(quar.)
13
9-
.Extra
■
Union
9
8-
8-20
1
8-16
A
additional
Co._
United
25 c
—
Oil
8-
$1.50
1
;«i.——*
Class >;Af- (quar.)—
>
8-1
62 V2C
_»
_
(quar.)
pfd.
(quar—
Co.
Old
8-1
150
—
Corp.
Hancock
of
cash
G.
Ohio
(quar.)—
Corp.- (quar.)
Hajoca
7-21
1
8-16
9r
9* I
—
common__
Rubber Co., $4.25 pfd.
Union Bag & Paper Corp.
8-16
2
9-
50c
Northern Illinois Coal
i.-——-
Oil
8-31
8-
8-16
$1
—
(quar.)
Tyer
Canada, Ltd
Warehouse (quar.)
Co.
dividend
for
Ohio
Oil
&
(One
Company
Truax-Traer
9-16
Washington Steamboat
43%c
———-
Georgia-Pacific Plywood &
Lumber
.(
$1
preferred
Girdler Corp.- (quar.)
Gorham Mfg.' Co.
(irreg.)
Gossard
(H.* W.) Go. -(quar.)
Gulf
Trane
7-27
9-30
80C
American
E.
Steel
-Extra'
8-27
8-10
(quar.)
.
Castings, $6 pfd. (accum.)
Georgia-Carolina Brick & Tile Co. (quar.)
—
&
lieu
(quar.)
class A—
3%%
Corp.
9-10
25c
,
Shipbuilding
Weaving Co.,
Subject to
-1—
(irreg.)
Refactories
25c
Co
Electric common
Co.—
Co., Inc;
Paint
General
•General
Brewing
Electric & Gas Corp.—
—
;
(quar.)
Co.
(quar.)
Mills, Inc.,
Tivoli
(quar.)
tribution)
Co.
Co.
8-10
——
Hundred
Stock
(quar.)
preferred
&
Sulphur
1
$1.12%
5%
Corp
Chemical Co., 4%
Nopco
(quar.)
Investment
(Robert)
(General
News
.
Bros.
9-
—
8-13
9-15
___
non-cum.
Fownes
Freeport
\
8-20
Ohio
Foundation
11-10
Western
__
Corp. (s-a)
Corp., 4% pfd.
Bridge
1
Castings—
Manufacturing
9-30
,,
of
State
Newmarket
North
__
Inc.
preferred
25c
10-1
Ltd.,
Zinc
Jersey
York
Norfolk
rv: Extra "'
Fort
12-
$1.75
common
Storage
30c
$1.75
Ford Motor Co. of Canada,
Extra,. —
■'
8-10
$1
(quar.)
(quar.)
Co.
Products
3%%
8-16
9-15
J25c
_
1
Works
preferred
Tea
Bedford
New
$15c
(quar.)
California-
Power
4.90%
Co.,
Bros.,
8-20
9-10
45C
(quar.)
com.
—First' Bank; Stock
Florida
1
50c
Neisner
9-24
3
I
10-
$25c
—
(quar.)
Gas
9-
50c
(William),
$30c
(quar.)
(quar.)
Co.,
Brewing Corp
Enterprises, Inc..—
Federal
8-24
Co
Neilson
9-15
25C
—
'8-W4
8-30
•.-12%%'
Empire & Bay State Telegraph—
4%
guaranteed (quar.)
Falstaff
1
$1
1
held)
Co.,
9-
20C
9-
10c
7%
preferred (quar.)—
Tide Water Associated Oil (qu&r,)—,
Title' Insurance
(St. Louis)
share
Shovel
9-20
50C
dividend
each
I
40c
(interim)
Thew
50c
preferred
National
7-30
8-7
t$3
4 V2 %
Stock
•10-
40c
!—
9-1
10-
:
Supply
1
$1
75c
'
National
7-26
1
8
9-
$1.20
8-27
Increased
6
5
-9-
(quar.)
9-15
;
National Malleable & Steel
8-13
1
pfd.
1
Co
7% ; preferred A (quar.) ,u—
6%
preferred B (quar.),
<8- 6
8-20
$1.25
Co
8-
9-15
9-15
Extra''.-—
$1.62 y2
Gypsum Co., $4.50 pfd. (quar.)
National Lead Co., contmon- (quar,) ———„
9-10
4
:
Coal
50c
National
9-10
9-30
62 %c
&
preferred
1
9-30
-
receipt (final)
(quar.)
Chemical
Electric
9-
Mills
8-16
25c
9-15
Chattanooga & St. Louis Ry
Standish
25o
;
9-9
Naumkeag Steam Cotton,
Co.,
Hose
Emerson
Nashville
.
Dupuis Freres, Ltd., 4.80% pfd. (quar.)
JEagle Picher Co. .(quar.)
Eastern Steel Products, Ltd.
(quar.)
Electric
Myles
18C
common
Tar
Mosinee
8-10
Paper
8-19
Pacific
59 %c
8-
8-13
75c
Corp.—
Co.
34%c
(quar.) —•*—,*!
8-16
8-12
(quar.)
50c
(s-a)_
1
6
Texas
9-13
9-1
t75c
(Mass.)
6
Ltd.—
Co.,
preferred
9-20
$1
__—
Cq.
1
9-15
37Va'c
preferred (quar.)
4.8%
6
9-
25c
(Del.)
Works
Co.,
Transit
8-
:
$1.12 Vi
Corp., 4% 2nd'pfd, (quar.)
Rubber
9-10
;
30c
Spring Co. (quar.)
Co.
(increased)
$1.25
(quar.)
Inc.—,
Loan
4%%
8-16
-
A
Ltd.
Mills,
Insurance
.
1
10-
5c
9-
—
:—
S.),
Life
Co
9:
35c
—
,
(quar.)
(quar—
Dominion
8-17
;
(Ohio)
8-28
$2
25c
receipt'' (interim)-----
deposit
Co.,
A
1
9-10
.
deposit
American
Dixie
9-10
10-
Gas & Electric Corp.
(quar.)
^Diamond Ice & Coal Co., 5% pfd. (quar—
—
1
10c
class
Construction
10-
15C
Supply Co. of N. :Y.—-
Steel
8-16
$1.75
Derby
Disher
1
Co.
Society, 5%% pfd. (quar.)
Monsanto Chemical, common (quar,)—
$3.25 preferred A (s-a)—:
$4 preferred B (quar.)____
Morris Paper Mills, common
(quar.),,
Extra.4.——i*—
;'-'-'9- 2
9-
$1.75
Company
—
Delaware
9-10
•
75C
&
7%
$1
1
20C
>
& Coke Co. (quar.)
Company, common (quar.)
preferred (quar.)—;
1
9-
93%C
preferred (quar,)
(quar.)
—
__
Delaware & Hudson Co. (quar.)
Delaware Power & Light, 4% pfd.
— 3.70%
preferred (quar.)
,
9-
,
Insurance
v
50C
Abrasive
8-12
Davis Coal
Deere
Mid-West
9
1
_
Darling
8-
Life
Company
8-14
$$1.25
—
Imperial Mills, Ltd.
(quar.)__
Crane Company, 3%% preferred
(quar.);—
Crompton 8s Knowles Loom Works_;
Curtis
Companies,
Inc
Curtis Publishing Co., $4 prior pfd. (quar—
$7
preferred
(accum.)
Cushman's Sons, Inc., 7%
Midvale
8-16
J25C
___
9-10
I
$1.62 y2
;
;,,
$25c
common
Cosmos
vDahlstrom Metallic Door
9-24
Mutual
Quarterly
6%
Swan
(quar.)
Storage Warehouse
Metz Brewing Co.___—
9-10
75C
—
A
Metropolitan
7-23
9-24
preferred
Midland
—
Products
2
50C
6Vs>%
—„
9-10
9-20
25c
Stoker
-
—
40c
8-13
1
9-
$1
'
8-14
Merritt-Chapman & Scotl Corp.—
25c
Corp.
Fibre
Extra
-
7-30
7-30t
75c
9-15
Steel
7-19
8-16
Co.
9-15
Corp.—
8-13
8-13
8-16
(quar.)
Greyhound Lines (reduced)
J25c
annual
1
1
50c
Inc.
75c
& Marine Assurance
9-15
Semi
10-8
!
Iron
&
Oil,
t62%c
(s-a)
1
__
Steel
15c
pref.
9
62%c
Spalding (A, G.) & Bros., Inc. (quar.)
Spiegel, Inc., $4.50 conv. pfd. (quar.)
Stahl-Meyer, Inc., prior preferred
Standard Cap & Seal, $1.60 pfd.
(quar.)
Standard Dredging Corp., com. (resumed)
$1.60 preferred
(quar.)•__
-—
2
8-
>9-
Southern Railway Co. (quar.)
Southern Spring Bed Co.;
8-14
I
8-16
—
Socony-Vacuum
9-
9-
40c
(quar.)
1
(quar.)
10-
Y.),
preferred
7-27
9-15
Investment
—
9-
$1.25
25c
(quar.)
common
Co.
3
8-208-10
40c
(quar.)
common
$2.50
Ltd.,
redeemable
$1.25
56'/4C
8-
12 %C
•
8-10
"8- 2
7-27
(quar.)
'7-27
(quar.)
9-15
18%c
Insurance
3
$2
Extra
Corp.—
&
8-10
8-
1
9-
Sherwin-Williams Co.,
20c
(quar.)_
7-28
8-25
Ltd.,1 common
4% participating preferred
Sheraton, Inc.
(quar,).
25c
.
2
8-25
(quar.).—-
|50c
—_
Bonding
(Del.)
7-30
—
4V2%
preferred
Manufacturers Trading
Oil
25c
Ltd. (quar.)
Company^ common (quar.),,—,
$5 non-cum preferred (quar.),,,,,,*,—,
MacWhyte Company (quar.)
Maltine Co., common (initial)
9-1
;
Power
1
8-
50C
Seaboard Surety (quar.)
Second
Canadian
International
9-1
;
10-
60c
1-..-.-^-.—.
$3
(quar.)
& Paper,
$1.12%
8-16
9-16
$2
8-31
8-15
9- 2
9-
(quar.)
Extra.
Savage: Arms
7
9-15
Macmillan
Maytag Company
Manufacturing
8-11
4%
H6'/4C
;
Z
9'
9-11
12 %c
-
8-
9-15
Regrigerating Co.—
preferred (accum.)
L Consolidated Press, Ltd., class A (quar.)-,-
1
9-lSK
9-11
30c
A '
Milling (increased)
Shops (quar.)
8-18
14c
(quar.)
(quar.)
1
Wood
1
Extra
.
15c
-
11-
'Cornell
10-
75c
4%%
Saco-Lowell
25c
(quar.),,,,
class'A
40C
preferred
$1.25
(quar.)
9-15
1
Russell-Miller
8-10
IOV2C
Inc.
Service, 56c
convertible preferred
preferred
(quar.)
$1.25
$3
Works
i°-
"
(Jacob) Co., common.,-.
preferred iquar.)__1
8-9
20c
v—
Cooksville
(quar.)_
8-X6
10-1
$1.25
!^_^
1
40c
Ruppert
;■
8-31
t75c
(quar.)
Finance
9-
:
40c
(quar.)
(N.
Laundries
Metal
Art
A $1.25
*
l
9-
30c
8-12
9-
15c
(quar.)
Ltd.
M.),
15c
(initial quar.)—
common.-
Continental-Diamond
preferred
Payable of Mi
Share
(quar.)
common
prior
9-1
65c
—;
1
9-1
10-
3IV4C
(quar.)^—
common
Groceterias,
9-
50C
.
(quar.)
Consolidated Edison Co.
$5
preferred
(quar.)
Consolidated
Company,
**■*•* Jr^
•
preferred (quar.)
preferred A (quar.)
5%
2
8-
$3.69
(quar.)
Cnemical
&
new
Metal
9-
8-13
1
87 %c
'
(quar.)
Power
*•>
5%
35c
Extra'!
1
8-16
10-
25c
4%
6%
'•
(quar.)——
5%
Light
Corp.,
7-30
25C
.■>
9-10
1
Rock wood Si
Manhattan
Wire—-——
Inc., common
(quar.)
5% preferred
Lindsay
8-10
25C'
•—
Ltd;——
Mines,
5
8-25
15c
(quar.)
stock (quar.)
Gold
Electric,
Lionel
50c
Sons
&
Lima-Hamilton
8-
Collyer
Colonial Stores,
Leland
1
8-15
1
(James)
8-14
(Collins & Aikman Corp.————
Insulated
10-
.$1"
9-10
-
9-
$1.12 V2
Corp.
(quar.)
(increased quar.)
Willians
Cochenour
10-
10-15
20c
guaranteed
Coal
1
40c
(quar.)
Chemical
1
9-
8-14
common
regular guaranteed
Clinchficld
1
9-
25c
City Auto Stamping Co. (quar.);
Cleveland & Pittsburgh RR. Co.—
7%
9-
25C,
(quar.)
(quar.)
(reduced)—
Company
I
9-10
9-13
Lees
—■----
&
Paper
10-1
Gold Mines, Ltd.,.
110c
Bryant, Inc. (quar.K-^i-,,—=.-—' 25c
Lansing Stamping
•
a ' 8c
Le Tourneau
(R. G.), Inc., $4 pfd.
(quar.)
$1
Lea Fabrics,
Inc. (irreg.)
37V2C
90C
Engineering
preferred
Candy Co.
Hol*ei%
When
per
Name of Coihpany
Payable of Reo,
40c;>'
•
Lamaque
50C
40c
Belt Co.,_:
Champion
Share
**>,
Lane
50o
__
Chase
Holder1
'
,;}>[
,
When
Per
''?•
'
Lakey: Foundry & Machine Co.__,^—-i.,,--
1
1
(quar.)——
''.Extra A—,
■;
'"A;
•
Company
'
10-
10-
Soya, Co.
Chambersburg
9-15
1
t$2
A Common (quar.)
Av 3.6% preferred (quar.)
,Chain
10-
6-14
~
$$1.25
Canadian Oil Cos., Ltd;, 8% pfd. (quar.) —
5 %
preferred (quar.)
———■
A
4% preferred (quar.)
/Carpenter Paper Co.—r
Carpenter Steel Co.__
————-——
Central Ohio Power & Light Co.—
(Central
9-15
'
FINANCIAL; CHRONICLE
&
Hoppers Co., Inc., common,—
4% 'preferred'1 (quar;) 2,,^——,--,-1,,-.-Kresge Department'Stores—
Final
liquidating
.8-15
8-30<
\
450C
420c
——
8-15;
8-30
,
'
;
Name of
Payable of Rec.
Share
-
Holder*
When
Per
Name
COMMERCIAL
THE
Number 4721
a
9.
8-15:
9-
4
1
8-14
A 8- 1
8-20
4
~
9.-1
preferred
Cast
Aloe <A.
Alpha
Electric
Appliance—
Co. (quar.)
(increased quar.)
Co.
Portland
Cement..
Aluminium, Ltd. (qua*.:
Aluminum
4%
Co.
of
preferred
Canada, Ltd.—
(quar.)—
10-1
9-fj
30c
8-14
7-31
25c
8-
1
7-20
9-10
8-14
$2.50
(s-a)
Steel
S.)
•
A 250
$50c
9-
4
THE
(484)
48
COMMERCIAL
&
CHRONICLE
FINANCIAL
■
Monday', August 2,
1948;
.
ft* ■ti**Xnrj»ia:t
When
Per
Name
Share
of Company
Amalgamated jLeather Cos.,
Inc.——,
>
convertible preferred
(quar.)__
Amalgamated Sugar <?o., 5% pfd.
(quar.)_
American Airlines, Inc.', 3%% pfd.
(quar.)
Book
Co.
American
American
Car
American
■'
.
Foundry
American Chicle
>' 8- 1
1
7-20
4'/2c ;
<75c
8-20
8-5
^
Equitable' Assurance
American
Extra
5'C
American
5oc
pome Products
Monthly u 4J-—j__-J
American
Insurance
'•75c
•Increased
quar.
Common-(stock
Machinery Co.
fractional
29 5/6d for
preferred
'
Edison
shares
National
for
at
/&"•'
(quar;)
Class
A
-
-
Finance—
•4*
8-31
10-
1
8-31
—
Stove
-U
9-
8-^2
$1
8-30
8-31
8^5 ■:;"
9-16
8-31
40c
8-9
7-2$
18 Vie
f 8- 2
-
50c
-*25<S
1:1
7-1$
preferred •(quar.)_-----------A-_-
$1.25
8- 2
7-* 8
"-75C
9-29
a—a—
(quar.)——-.a-a—
8-2
—
tWh*
-r25c
-
7-
2
8I.I2V2
Formerly known
Corp.,
7-30
1
-7 Vie
•
8-10
Corp;
8-
&
9-1
Company
Line
4%
9-30
99-
1
8-?2
7-21
9-15
8-30
30 c
t ,:m
&
Wiborg
5 %%
$25c
8-2
8- 2
$1.50
9-
<2.50
8-
Nifchols
Austin,
'$1.20
&
A
convertible
convertible
2
7-
8- 2
8-
2
7-22
8-
2
7-20
8-2
Castle
8-
7-
6
(quar.)
10c
&
-
8-
.
Illinois
8-10
250
9-
Central
Powet
common—"
Imperial
Courta'ulds Ltd>
7*29
8-31
8-31
10-
1
8-3,1
;
9-
1
1
-9-15
11-25
$4
"convertible
8-13
7-16
7- 5
Ciineo
$20C.
8-15
7-15
7-
1
8-15
7r30
8-
>10
"
1
Cl&S
A
5
Dallas
9-
1
8-
2
8-12
7-10
7-20
9- 1
8-14
.
$17 %c
Davies
,
Petroleum,.
10-
1
9-22
Dennfson
7-30
Class
8-31
0-14
$1.25
9-
1
13c
8-
9-24
10-15
9-30
1-15-49
12-31
*.
1
- (WW. '
•
5%
5%
.7-15
8-2
•8-31
206
Jl-30
2
7-20
8-11
7-31
Dividend
50c
8-11
7-31
Dodge
37'/2C
B v £-$-——
Copper. Corp
Certain^teed products :
-
8- 2
$-23
Y.)
'
■r.'V
$1.12%
10- 1
9-17
56'AC
8-2
.7-15
,7-21
T- 2
*•'
•
75c
8-: 2
40C
(quar.)
8-
2
87%6
8-1
:
8-
1
.7-10
Chicago &J Eastern Illinois RR'.—
Class
A " (resumed)
i—————■——
8-31
v
9-30
9-1
$25C
8-16
)\ ,r id
50c
:
■■
$1
9-15
;
;.8-t3;
.
;
15c
;
•
50c
—
8-
2
9-"4.
;
8-13
8'- 5
Pr I
8-
8-3
2
7-15
3.7 Vic
9-16
8-31
Chicago,
}?0
?-$?
7-3,0
".$3,.
—
75c
$1.50
.
8-
1
7-20
$41
/
;
i7-20
(quar.)—
f "40c
8-2
7-23
(quar.)_r—————
$1.18%
9-1
.10-1
8-31
10- 1
8-31
:
m
8-16
8-
2
Cincinnati
;
Co.-;
(s-a)'
(quar:!"-—■
2
8-27
9-14
$1
35c
8-2*
8-16
10-
m$1
l;r
t
9-10
12-10
v.7-22
8-9
8-18
>
7-26
»
60C
9-1
8-14 >
9-15
9- 1
>
1
10-1
i
12-23
;
12-2$
•
10-
51.75:
$1.75
'i
60c
8-16
506
—
11-15
76c
•
A
37 %C
m1
9-1
•
5c
8*18
-•7-
8-1:
,9-
8-10
•'
.
»
.7-28
1
'
8-15
> a
7-14
preferred (accum.)—..—__
6c/o\^redeemable
$2.62%
2c
10- 1
8--2
7*15
15C
8-16
-1st
,
'
'.j
Corp.
(quar.)
9-11
>
31'Ac
7-23 "
8-1
9-
$$1.25
.
8-'2
84 2
8-16
15c
> 8-14
1
tf
"
———
$300
$20c
8-
7-30
8-25
<quar.)__
2
7-15
;
preferred
t75o
preferred"'"(quar.)
Ltd.
__—___
2
it 8*
2
7-15
•
7-15
Malting Co.,';
%•; preferred
8-1
7-
9
8- 1
$25c
Gommonfff (quar.) - '1-—
5
8-
$3.7%C
(quar.)
'
convertible
2nd
Dominion
7-
9
'
(quar.)
$$1.25
—-----
Dominion-Scottish investments, Ltd.—
(accuni.
Dominion 1 Stores, / Ltd
■
———'.
—
$50p
$37 %c
9-15 ^ c 8*18'
'84 2-v.''''-vg>.2. • >.-.2
;T6^ & Chemical," common (quar.) , - $?5c
(quar.)'_*^r:C^-4_:4*._^^4.'::.i;$35p
Dommom1. v*t/' c
Dominion
W°°^en? 6t Worsted, Ltd**""
quarterly —:
Increased
$369
f- a
Dbnnfeconti, Piper,; Ltd.— V,
AVa^e convertible preferred (quar.),
Donohue
7-15
.9-15
7-29
Dover: At
DCw
E.r°?->
Drug
•
8r 1
44y
7-13
:
8-15
10-1- 19-30
$3
15c
C6.: (quar.)'—
>15
.;•*: V'.r.-tf «<: :•
8-16.
$25c
Ltd._——
Rockaway |l.R.
-
■9-
1 *
; 8-20
.
cfhcinnati* Milling* Machine Co., Commoh—_
4%; preferred (qviar.)
•
8-
7pc
,
$2
——
*
>2-3i;
.-"50c;
common
inter-Terminal' RR.
4%" preferred
preferred
•
Electric,
4% preferred (quar.)
8-16
$$1.50
Cincinnati Gas &
.
>
>$1.25
—'
& Ffanklin Coal (qaafr)
Copper Co.—v——rr———
Chrysler porp^ (quar.)-4.—
—-
Inc.—
—
l^ilniington
9-30
'■
0-16
8- 2
:
'
-
8-16
$1.25
Chiles
$37%c
V
$1
7-26
50c
__
Dominion
Chicago Rock Island & Pacific RR.—
5%: preferred (quar.)
1
5% preferred (quar.)
8-16
7-15
-
Corp., 5% preferred (quar.)
Anglo Investment Corp., Ltd.—
5%r preferred
•
8-13
|5C
/
"
(Boston),
,5%> preferred : (quar.)
Domihion Bridge, Ltd. (quar.)
Dbmihion Fabrics,'Ltd., common
8-16
;
.
s- a
20 c
-----—-
s
&
-
2
>1
> 2
•
^$4
—I
$hares
Dominion
.
*12%C
8-
9c
Manufacturing
Extra
■
7-7
^156.
7-16
-
7-20
7-12
1
Productions—""
6 %»convertible
9-10
Chicago Corporatidn (increased quar.)———
$25c
—
8- 2
9-
r.;' '>'
Domestic Credit
(quar.)
National Bank1 (N.
(Waltf
Dfsney
8-
;
7-20
25c
Investment Trust
50c
7-21
pfd.—
Inc., 'common
10c
8* 4
20c
—_—
Diehojd,
——
'
(quar.)
Diocesan
8-3
11-3
,
11-12
8-25
8-2
8-2
$lc
(quar.)
preferred (quar.)
preferred (quar.)
6% participating preferred (s-a)
Deposited Insurance Shares^ series
Diamond Match Co. -(quar.) ___!
;
:
8- a
non-cum.
8-2
•
8-4
.
;
;
non-cufn.
8-10
8-31
12-14
9-16
7%
8-13
1
7-29
9-14
1-2-49
-
7-10
8-31
9-
Steel Products,
Ltd., common
'5%-1 preferred (s-a U ------------------- Chesapeake Corp. of Virginia——
Chesapeake ir Ohio Ry. Co.—
3%% convertible preferred (quar.)
10- I
8%C
$250
2
preferred
preferred
20c
Chatco
?%C
—
7%
$1'
Cerro! de Pasco
Chase
Dbntijts Sjippjy (N; V.)—
8-16
$1
Edison——
Chain Store "Investment, 4%% pfdr(quar.)
Chain Store Real Estate Trust (quar.)-—J—
8-10
"
'9^1
85 c
'Class
••w--
8-'9
.
9-1
3-15
;
;
$1.75
common
(quar.)
—
yoting common; (quar.)——
$8 'debenture stock (quar.)
Denver Union- Stockyards (quar.)____—_—
Derby Oil Co. (Kansas')
&
7-26
9-
;
:
8- a
$1.25
——
Manufacturing Co^-/
A'
25c
8- 2
81.05
9- 1
'506
(quar.)
10-9
"•••-
Ltd
:
5
7-20
12-3
.
$37%c
Class
.
11-
8-26
$1:
—
■.
:
>14
:
$1
$1.13
4-
(quar.)
pfd.
Davis
'8-10
2T/2C
10c
$1.50
'
——
12-17
9*17
8-2
35c
>0
Service—
prior preference
mu'
(quar.)
50c
$4;: preferred
4%%
'
4%%
Light,
:
9*17
•
,'"•11-15,
SI
Davenport
.
■i;>.ii
s- a
17 %C
——--
•
&
87 %C
7% preferred (quar:)——
Water, & % preferred (auar.)—^
Leather^ Ltd., class A---—
;
9-10
.
W
21.12%,
quar.)
Warehouse," class A——
8- 2
56 Vic
.
'
4*' •»'
Power
9-30
10c
25C
'
8-13
1
9-30
1-3-49
50Q$1.75
cqmmon____-___-_-_—.
:
8-13
9-
75C
3% % preferred r(q'uar.) __—___________
Curtiss-Wright Corp;, common (irreg.)_____
Commonr 4 Irjeg.
-i——
;
.8-16
e-1
3
7-16
9-1
;
$1.05
?7%h preferred ..(quay.}-z.------+-------Corp.; (s-aj-i—_______
8-20*
8-16
30c
Culver
2
•
9-15
$1
1
8-2
2
8-27
$50c
.
—
2
Inc.,
8-
50c
(quar.)
8-
Press,
:
6-23 :
7-19 ;
8-6* '
5
25e
•
—
States
•
C-sa'I
preferred
8-
$25c
•
(quar.)_
Sugar, common (irreg.)
(iTreg.) --i_-__i.l—_-___—
<
•
7*31
8-14
t
-
8-
756
Central
.JU-;,-'-
Corpj( $4.20 Pfd.
"9-1
9-13
"
>.5%"
9-
$$1.75
8-16
7-20
$350
$6C
$$1.25
1
a>
$2.50
Cuban-American
'
9-
8-
_______
(accum.)
Mills, Ltd.
Zellerbach
Crown
8-25
12-15
"
(final)-_--—---^9—
Craig-Bit Co:> Ltd. (Initial) —
Crown Cork & Seal Co., Inc. (quar.) ___.—_
$2 preferred
(quar.)
1
Crown Cork & Seal, Ltd. (quar.)——
Crown Overall Mfg., 6%
preierred____——
•
8-16
75c
70C
•
(quar.)________
preferred
Cosmos
1
10-
convertible
5%
8-311
8-23
$38c
Central
8-16
1
:
.
Petroleum-Corp.—
Dallas Railway & Terminal, common
7-15
a
-
-;
; •
-
.
>9-1
25c
r
(quar.)____
$10c
(quar.)—-
Public
*7-15
<8-21
> 1:
Theatres,
Exchange Bank Trust Co.
Cosden
7-29
2%
7-15
1
Corn
.: Common
—
7-15
Hjminway> Qo. (quar.)_
.
•
8-23
$I5o
$156
(quar.)—
York Power, 3.40% pfd.
9-15
15c
256
a
1
9-15
10-1
^ 93%o
8-13 ^
6-23
10-
—
Central
9-1
—
v8-27
1
8- 2
.
$$1.25
(increased)
7-20
1
25c
Belding-Corticelli, Ltd., common (quar.)
J
7%' preferred (quar.)————
9-
10-1
—
(8;^ I
9'm 1
>15
10-
10-1'
$i:
_______
$183/4c
$25c
Stores (quar.)—————
Co: (quar.T-
(increased
$1.10 preferred
90c
$1.12V2
Cook Paint & Varnish, common: (quar.)—
$3' prior' preferred (quar. \ ---i—z-z-c
Trust,
8-2
Shoe Corp., common
preferred
Belding
to
M.)
Common
8-10
—-
S.)
5c
(A.
1
Power
&
.
8-10
1
9-15
$50c
Central Cojd Storage Co. (interim)——
Central Foundry Co., 5% conv. pfd. (quar.)
Central Hudson Gas & Electric, common...
8-i-i
A (qUar.)—__a—-----—
Co., 6% pfd. (accum.)
Cigars, Inc.A——
Bayway Terminal;' Cojrp.__l————
(A.
$37 %c
Caterpillar Tractor Co. (quar.)—
Arizona Light & Power—
7-15
2
9- 1
;'Class
'
Central
,K-,f <i~-i
i
9- 1
Paper Co., Ltd.—
Apartments,
9-
$$1.12%
-
Cassels
> 8
—-
8-20
";•/■'
$1.50
$1.50
$3 prior preferred (quar.)
$6 1st preferred-(quar.)
9-20
$20c
'
9-17
'
'
yickers, Ltd., $7 pfd. (accum.)
Capital Wire Cloth Mfg. Co., Ltd.— "" '
'$1.50 convertible preferred (quar.)
6
25c
Bausch Machine Too)
Beck
$10c
"
i.:wV
Canadian
7-8
25c
Bayuk
j
—
8- 2
(quar.)
7rjl5
3-20
7-18
8* 2
7-15
■:
8- a
•
:
7-15
9-30
$20c
Investment
Light,
M
2
8- a
9- 1•'
$ 13cLtd., class A__——
9-15
Consumers Gas Co. (Reading, Pa.)
:
v
25c
8-3i; •
(reduced) j;
50c
8-20
> 5 ;
Container Corp. of America, common (quar.)
v":
«preferred (quar.^:—
•-$!;: :4 9- 1 •■•'; 8-20
>31" T; 7-28
;
Consumers/ Glass, -Ltd.- (quar.): $50c
8* 0
>
Consumers Power po.% common___________v
8-20"
50C
:
10-1
9-10 t.
$4.50
preferred ?(quar.)—I—
$l.l?-%
$-10
^
$4.52 preferred (initial quar.)
10- 1
$1.13
*4
8-25*
Continental Can, common (interim)
' 25c
>-15
9-15"
10- 1
$3.|5preferred Vfquar.)
Consolidated
.7 -15
.
5- i
$32%c
preferred' (accum.)—'—
&
8-
•
a
a
$2.50
8- $;
(quar.)
——-—-----—
8f,i
500
(quar.)
-
8-1-
;
25c'
;"iA-'3dc
Investors
Power
8-
$1-25
■
J-31
.
>20
s7%6
183AC
-
:
7-31
8-14
10-1
87 %C
0::'preferred'"'(qu«r;)^_i-,_fc4^»-^i.i:^^
7-31
8-16
.
8c
Mfg., $4 preferred (quar.)
Bareco-Oil Co.^(increased quar.)
Dearborn Corp, (quar.)
Consolidated Edison Co. of N. Y.f Inc.
9- 1
10c
Co;! of Baltimore,- common.' (quar.)
4%
-preferred ;{iquar.)
4%; preferred C fquar.)_—
Consolidated Industries, Incf, ,6 /o pfd, (s^-a)
Consolidated paper Co. (quar.) _r4_—-4->
50c
30c
Barcalo
1
Consolidated
i 7-23
:—
'
Beaux-Arts
.,7-23
8-
Carolina
$5c"
convertible'preferred (quar.)-——— .{'■■I
Barber-Ellis Qo. of Canada, Ltd. (quar.).*
&
8-3
Carpenter paper Co.; common—--————
4%''preferred (quar.)-——-----—Carson, Pirie, Scott & Co., 4%% pfd. (quar.)
$ 25c
(quar.)
Qo.
7-23
7-24
U-Wii
7%
Oil
8-2
8-14
6
1-6
,
••
$1.13
*!25C
Locomotive "Works—
Power
tl
26c
7
7-
1
$1.50
---
Consolidated
•
.7%
Barnsdall
7-15
"8-13
8-18
$1
Company r preferred (quar.)
Bathurst
J
7-9
Baldwin
v; Extra '
8"
Light
8-
9v
6%
Eleotric
9-1
2 '
47%c : ,* 8-1
:
b- 1
Gas
9-10
?-15
10-
50C
common
7-15
,7-31.
9-15
■r.
" 37'/2C
—
15 c
common
Ry.—
4% non-cum. preferred (s-a)
Canadian Utilities, Ltd., 5% 'pfd.
;
75c
7-15
2
17-3.0
$$1.50
2
50c
7-31
8-16
——
2
f
:8-14:
•-•••,
8-
4 3'Ac
7-1$
8-15
10-1
$15c
pfd. (quar.) —
Connohio, Inc., 40c preferred
<quar.)__—;•
Consolidated Chemical Industries—
$1 parti^patina preferred, class A (quar.)
Class B - (quae.)
7-15
■
7-15
—
8-
Eight Co.;i (Texas)-^" > '
(quar.)
Central Railway Signal, $4 class A tquar.):Central &'South West; Corp.—
Increased' quarterly
Quarterly UU-——.
preferred (s-a)
Baltimore Porcfeldin Steel Corp.—
7% convertible preferred (quar.)
Connecticut River Power,
2
7-15
8-15
—
(Toronto)
75c
.—
Fund
Power,
7-21
$25C
Investment
&
8-16
4%'% preference (quar.)——1
$$1.12%
Foreign Investment Corp., Ltd.—
$75c
Quarterly ' ———
--------——.
5%
Light
preferred (quar.)
$1.99 prcferted: (quar.)
$-10
7-
8-15
.
,
__________
$2
7-15
2
8-25
8* a
$ic'
69
.
.
$380
(quar.)
Co.
—..
Association
*7-27
8- 2
(Del.)_
Co.
Co;, Ltd
9
$200
__—
International
National
Connecticut
$4o
(quar.)_
Ltd.
r~.
Investment
8-
5c
$206
'
-
Ingersoll-Rand
■Quarterly'----:—
7-20
ofc-'a
'
35c
Corp
International,
8-
5dc
(s-a)
Products, Ltd.,
International
$1
—
J----—-—--
Balcrank, *Tn6.
,T„-
A
8-13
8-16
$1.06
$ %c
""
----------
5 Common • (qqar.)
CongqleumrNairn, Jno.) (quajr,)-,
7-30
8-14
—
(quar.)
n
2
62Vic
(quar.)
♦$%% preferred'fquar.)—
Ayshire Collieries porpf; (quar.)
V
50c
:
•
i
,
"
8- 2
$1
—
5%; convertible preferred C (quar.)—.
Co." of America (quar.)
Avco 0 Manufacturing) Corp.—
[ $2.25 preferred
(quar.)
Avondale Mill*, commod (monthly)-—
Baldwin
$1.75
7-15
Corp., Ltd. (quar.) _^—
Canadian Oil Cos., Ltd. (quar.)——i—
6-29
93%c
■
preferred
preferred
7%
8- 4
27%C
Ltd.,A4%% pfd. (quar.)
Canada Southern Railway (s-a)——J
Canadian Breweries, Ltd. (quar.)
Class
9
8-16
8-14
15c
$1.06%
—
—
Gas-(New, Hampshire)
preferred
(accum.)
;
Conduits
-
Safeway",
Ltd.,
.
•
Automatic Canteen
9% preferred
Canada
8-
1
9-1'
"
50c
Electric—
(quar.)—,
Confederation >Life
2
8-
62 %c
'<•
9-
9-10
•
37 %C
Inc. (quar.) —
pfd. (quar.)_
Concord
7-12
1
——----
Co.—
9-14
25C
Extra —Z—*
Insurance-
SerVicc
$4.25
Ohio
Edison
Commonwealth
.7-31
2
'1 lit;———————-—,
Canada & Dominion Sugar Co., Ltd. (quar.)
Canada Foundries fr Porgings, Ltdli—'
Class A (quar. )J^—i——
Central New
B
%
1
9-
(quar.)
preferred
Canadian
7-30 '
Co.—
5 %series
'9 %
'*■ preferred
1
8-1
8-
——-'---■—J:__———-
California 'Water
118
1
8-
$$1.37%
5%'* series
v
Extra
Canadian
.
Autocar Company— "
.
'
2
9-10
—
Canadian
■■
;
9-
.
2
$1.12%
9-13
250
prior-preferred
conv.
20C
ii-
$2
■
(quar.)—
Mines, Ltd
7-15.
7-15
8-16
8-
$i:50
$1
1-
preferred (quar.)
Auiior Gold
8-
8-
25c
15c
Title
Corp.,
Ltd* (s-a)
Commonwealth
2
9-15
$30c
Caciradian Pacific
^
(quar.)_—
Proprietary, Ltd.—*
Commonwealth
9-
:
.
$22Vic
—
/
7-20
$1
i
9-30
35e
Atlantic Refining Col
4% preferred (quar.)—a—.—a-a—'3.79% prefSrred' B (quar.)
—
Atlas PlyWood Corp. "(quar.)————
Atlas Powder Co., '4%) conv. pfd.
(quar.) —
Atlas Steels,- Ltd.
(quar.)
Ault
Commonwealth
0- 1
—
75c
Pacific
7-20
9-30
(quar.)
Gas System,
preferred
4'A%
Canadian
8-18
--—
pfd.
Railroad
8-1
7-20
(quar.) —
.
8-18
9-22
$259
$50
—---
West Point RR._—
Atlantic
•
(s-a)__
■,'.7-15
Commoil,
25c
Manufacturing Co.——
Burroughs Adding Machine Co. (quar.
Butjer Brothers,
4%% preferred (quar.)
Byers (A. M.)' Co.," 7% preferred (quar.) —
Byron Jackson Co. (increased)——
Calamba Sugar Estate-' (liquidating)
Calaveras Land & Timber (Irreg.)
Caldwell Linen-Mills, Ltd., common (quar.)
$1.50 1st' preferred (quar;)'——
80c'2nd participating preferred (quar.)
California Electric power, $3 pfd. (quar.)
pid.
8-14
$7%C
—-
preferred
Southern
&
1
8-
J$1.75
(P.)
Canadian
25C
conv.
preferred
Coast
1
3'%
(quar.)-
$1.40
City Electric,
4%
7-31
11-1
I
Corp.—
Colorado
(stock dividend) —
(Los Ang.)
12*
'
w-
Cohimon MqUar.)
5Ye )convertible
7
Columbus
—
Class A
(cash
_
Atlantic
(quar.
Canadian Food
7-20
-
(quar.)
Iron
7-31
8-14 •>':
50c
(The)
.
7-31
$1.25
-
&
'
Pictures
7-30
——
Fuel
7-14
8-14
$25c
(quar.)___
com.
7-28
8- 2
:
t30c
Columbia
$15.6
Canadian Car & Foundry, Ltd.—
Common^ (quar.) ^
8-10
1
1
-_i.jAA.vA__-&
pfd. (quar.),
Ashland Oil & Refining (increased quar.)
Associated Telephone Co., Ltd.—
< •:
•5%' preferred (quar.)
4% %
preferred 1 (quar.) —
...
Atchison,
Topeka & Santa Fe Ry. Co., com
Atlanta
8-10
8-10
9-
—j—:
non-cum.
.
12-18
>
1
9-
—-
Ltd.
Co.,
1
9-
9-
a
'—
9'v
$150
(quar.)
Artloom
as
% 7-30
preferred
Colorado
Co.,
9-16
8- 2
$6c '
$20c
A__
(quar.)
Co. (s-a)__
Plow
8-16
1
10-
40c
,
_-T-
class
Columbia
■•
dividend
Atlantic
.
12-18
12 ViC
r
a
•
\ '5%
r
9-24**
$$1.12%
—
dividend "-quar.)'-
Mfg.
7* 9
12-23
59c
preferred
$3.50
'8-23
8-15
$40c
Canada Cetnent Co;, Ltd., $1.30 pfd. (quar.)
Canada Crushed Stone, Ltd.—'—'—'—1
7-19
12-23
n
Carpet Co.—
7-29
2
(increased)
Ltd.,
7-30
5%
7-9
2
8-
76c
•
Artlooih
9-
Csimden Refrigerating Ac Terminals—
,7-19
8- 2
$1.25
-
—•
—'-*•*-
8-25
■
-
preferred
Colgate-Palmolive-Peet
Hardware,
7-16
|7-19
8- 2-
$1.12%
Argus Corp., Ltd., common (quar.)_—;
i
4%% convertible preferred (quar.)
'Extra
9
.
9-30
5%
7-10
&
pjreferred C (quar.)
California JVater & Telephone Co.—
Poiiimon 1 (quar.)^. J—12—1
$l*'"preferred (quar.).
$1.20 preferred (quar.)——
6-30
8- 2
-
■:s uj.
Common
Asbestos
•.
+'4
8-
02 Vic
(quar.)
ill
2
Co.
LtcU'! (quar.)
>31
6-a
5 %
MillSr—
Power,
8-
Products
7-16
9-1
*
Milling & Elevator Co. (quar.) —
Columbian Darbon Co-. (quar.)_^^4-4--^----
-
9-10
12 Vic
preferred (quar.)—:———a
Company-tirreg.)
Inc.
Cockshutt
Aluminum
9-10
1
"8- 1
20c
—
9-
——
J;l-21
11
25e
(quar.)—
Appalachian-Electric Power Co.—
4%%
preferred|V (duar.)
Arizona
7-21
4.4%
f
(irreg.)
(quar.)
2
■■■
5%'i preferred
participating preferred
'*■! Participating
8-
^
8-20
10<-$2
1-31-49-
$1.5(K
——
$3
$1
(quar.)'
Extra-:.-——-v----.
7 % ■■ preferred (quar.)
California Packing
:<?orp., common Iquar^^
7-23
11* 1
$1.50
81.50
—
(quar.)
6% preferred (s-a)
Ai'den Farriis Co.;"' common
$1.20
Common
9-7
'
Common
7-21
7-20
10-
20c
(monthly)
•
9-20
California
i(!v
j
Animal Trap Co. of America, Inc.—
■j.
'Coritmon' (reduced quar.)-?__:
Cotton
2
.$-14
b-15
55 c
$1.12%
_______
2-10
"■'7-'7"
•
-9-.1
,
common
9-1
,
7-26
50c
—
Inc.
8-
—
7-19
__
Asbestos
('
7-15
•
Stock
-
7-19
8- 2
Anchor Post ttoductsv'ri
Argus}
v
I 8- 6
9- 1
Anheuser-Busch,
Coast;Breweries,
Cochrane-Dunlop
50c
—
606
Arcade
:
1
'10c
?% prior preferred (quar.)—
8-24
2
40c
(quar.)
$1
Bullock's Inc.
7-16
$f'.25
% prlofr preferred (quar.)—
Anglo-Canadian Telephone— .
•
41/2 % preferred (qua*.)
Aiiglo-Iranlam Oil Co., Ltd. (final)—a
.7-21
9-1
e-
j-; 7
2
30c
30c
Burkart
9-i'l
9-15
common—
priori Referred
8-1
15c
—
.
9-15
commom-A'-v-iw.
Co
ClOb
$62 % c
—
9-1
50C
'
-
-
Mining
8-10
(quar.)
Ltd. (quar.)—--—"—Steel Castings, common (quar.)
6%-?preferred (quar.)
Bullock Fund,
Ltd.—
12- fl
Vic
r%&*' preferred"' (quar;)^Aii^—ii-----------
Copper
---A.
/
Bifckeye
$i
56
Co.ri.-—- --
Hockihg Glass
7-12
25C
BruCk Mills,
r
'
ZVke
fhermos Bottle Co., 4'/»% pfd.__
$4:50
rf-t;
9- 6
9-15
-•
Amerifean
Anaconda
3
8-
206
Industries
Monthly '
Monthly
11-10
-15-49
1
30c
$12 %c
Brown-Forman. Distillers
12- 1
4,
12-15
—
pfd.-(quar.a
& Smelting,
8-
50c
Clinton
11-15
$1.75
Ltd., class A (quar.)——
Bearing Co. (increased)
ClaSs B
"
>■ a
:
American
Appleton
8
7-20
"•..V," Ji-- ■":
9-15
81.75
~
Zind Lead
2
•
2
12-24
8-10
—
(quar.)
8-
(quar.)
Products, Ltd
Paper, Ltd.—
7%' preferred' (accufh.)'----^--*—,——
Broadway Dept. Stores (Los Angeles)—
Common' (quar.) -X--——
7-15
12-19
37 Vic
Corp.
8-
■
8-15
-___-______——
preferred
1
y- 3"
$1.75
(quar.)—
Electric Illuminating,
8-16
Roller
Bower
-
-
(quar.) iAiATi.—-—
Berating Co. (irreg. )r_
Smelting! & Refining, common.^-.
AAerifcan Bteel Foundries_-^------i---l--i=x'
Anchor
7-
2
8- I
.5 vi«-
(quar.)
v
Machine
7-26
8—15
$1.75
Bowser, Inc.', $1.20 preferred <quar.)___—
Brantford Roofing Co., Ltd. (s-a)
8-2
26c
$4.50
75C
Forest
'•'
7-15
A
16c
Trust
Pulp
13
Common^ (quar.) • aaa
American Viscose Corp.,
Estate
Columbia
8-
8-2,
Class
Clearing
8-
15C "
;
1
$3.50
(quar.)
common
2
(quar.)
Real
Columbia
91.75
r
Fund, Inc.
Vl...
•
American
$5 prior
Boston
8-27*
9-10
37'/2c
Cleveland
8-16
.
preferred (quar.)
8-
(quar.;
Bowes' Co.,
preferred
1st
7-23
■
•
8-16
1
1st
7%
7-3$,
7-31
15c
(
preferred '(quar.)
City Stores Co.,
8-14
>
(quar.)_^_*
(quar.)__,.
60c
Edison' Co.
British
American
•
9-
1st
'.
8-14
;
50c
25c
Corp.*-common
(quar.)'
preferred
8-14
$250
$1.75
'
•
preferred
7%
Co.
:8-
8-20
7%
10-22
.
Co.,
100%
Boston
r-
■
:;
>
7%
t 1
preferred
of
City of Paris Dry Goods Co., common (s-a)_
7-12
11-1
$5C
—
Baking
7-15
1
0- a
50c
!--•——
Boston
rate'"of
(quar.)
preferred A (quar.)
American
4%
8-
50c
—
Corp., Ltd., 5% pfd. (quar.)__
(Sidney) & Co. (quar.) _c_
Booth'Fisheries
-
American Screw Co-., AVu%
,
I
Ribbon
British
(s-a)
(quar.)
(quar.)
20c
(quar.)
share
25o
—
—
share: held.)
Investing
9-15
(quar.)
75
Class B
.
10-
,7.1-'; '-VJ-yw-
a—
-
Co.
lieu
aa
American Potash & Chemical—
v
each
the
American Paper Goods
7%: preferred
7% preferred
8-13*
-
each'T/75 share- held.A-._i-.
(quar.) —-----L--4-4-----^•
99 'preferred
1
50c
(quar. )__
•
will-be paid in
American-Marietta ' CO.
American
9-
I
9-30
dividend
Blumenthal
dividend)1
One share of Detroit
£ shares1
held. Cash
of
7-14*
37 %c
—--
Laundry
Light & Traction—
2
10c
■:
9-
8-
25c
Jersey (s-a)
>■
American
Blue
1
9-14
10c
_
(111.)—
American
7-21
Sttock
10c
UX~——-—
American Investment ,Co.
7-21
1
9-
9-15
(Phila.), common
(quar.)—-—
#3 preferred (.quar.)
Bliss (E. W.)
Company (quar.)
7-21
1
Electric
(3/100
each
City
9-15
9-30
$1.02%
conv. preferred
(quar.)
dividend
for
(s-a)
City
9-30
81'Ac
(quar.)
& Company
i
payable of Rec.
Share
*
Utilities
Stock
8-14
37%c
-
-
Blauner's
75C
(monthly)
New
9*1
9-
—
Co. of
9
8-
Co.
Be(*ges, $2
Citizens
8-14
>>>r
When ' Holder$
Per
Name of Company
...
8-14
1
9- 1
25c
conv.v
Birtman
7-29
62 %c
Co
Corp.
j
Best
•8-9
8-30
:
•
—
8-31
\
Watch
9-
$1.06'A
preferred- (quar;)—1
Bertram
(J.) & Sons, class B
Class A :(qdar.)U-:A__,——
7-20"
2 *
8-14
60c
Qeneral porp., common (irreg;)-*-$2 preferred (quarl)-----^-—-'------.
$2.50 preferred (quar.)
$3 preferred
(quar.)
American
8-
8-14
"
$2
1
9-
9-15
5c
Benson &
9-16*
9*15
306
•
>
Benrus
9-16*
2
10. J
50C V
(s-a)__
American-Hawaiian- Steamship
,
50c
fork As JJOe, common
furniture; pp.------,---—------
7-22*
8-16
10-
$3
$1.75
Holdert
Payable of Reo.
12 %C
coinihon_
■
8-17
8- 2
Share
of Company
Extra
—;r-—~:
4Vi% preferred (quar.)
Beneficial Industrial Lofin—
Common (increased)
$3.25 preferred (quar.)
$4 preferredr' (initial)
7-17
9*
$1
Cd.;,(quar.)-^-^-.^_^r^.;
American
American
5
9-16
C
12 %c
Co., common—
(quar.)
preferred
8-
1
87 %c
_
—
&
7%! non*cum.
10-
•'
(quar.)
:
—Business Shares, Inc. (quar.)
Can Co. (quar.) js---.
American
Name
Bell & Howell Co.,
>
8-15
10c
75c
6 %
When
Per
Payable of Rec.
.
.
Mirreg.)-
Common
Holder$
tiK
(1.25
,
17-20
8il4
DiraqKetiv >Company,"r6ommon_-,4*41L"~-u-*v—
^^JoonverWble preferred /V, (quar.) ,-Vr--
9-1
35c
?
^-10
Dravc
9-
$-10
$2
1
Corp., 'comrhon—___—
preferred
10c
/
8-14 '
7-30
■
25c
30o
50c
(quar.)
•-
>8*14"
8-16 ■'
10-1
7-30
8-6
9-20
t
Volume;: 168
Number 4721
?
THE' COMMERCIAL
When
Per.
Name
:
of Company
Slidre
~
Iri4ii^tries,"iiic^,
Dres^pr
"3%%:
common/
preferred ";(quar.)
Dryden
(duar.)>V/
t25ci
'r.'ilti*-'
3dc "
ptef^rpred; (quar.)$1.12%'
.
'
J4% %
DuqUesne
;B'reiving
(quar.)
;
__r„——ll_
_
.
Manufacturing Co,™
Cistern • Massachusetts' Street
Ry,--?'
;«%/ 1st (preferred 'A' '(quar.)
«%', preferred B' (accum.);.-
*""":.
Eastern
Common-
$5
(monthly/-f
pfd.
9-15
1
8v
.
(accum.)
•2ib*
™i
™____
8-20
;
■
,4'/a%
Elgin
•
(quar.)
Watch
30c
Geheral | Bond
(quar.)
_______
'4%' convertible
preferred
$3'convertible
&
preferred
A
9-
ioOi
1
7-21
8-2
7-19
$1.25
9-
8-13
$1.25
12-
11-15
$250
8-
,7-:.'9'.
*500
8-
7-15
$1.75
8»
7-15
'25C
6% preferred (quar.)
Farmers & Traders Life Insurance Co.
(Syra-
Qilarterly •''
Fashion
Park.
Inc.
(quar.)
•]B.%, priojr preferred
Field
Co.
Marshal
9-10
Franklin
Simon &
%%r%
preferred
Fuljerton
Foote
pfd.
Co;—-
-
Oil
(quar.)
Bros.
Gear
&
Fulton
Co.,
class
(quar.)
preferred
Gabriel
'>
0
Co..
Co.
of
Gamewell
5%
■
8rll
9-30
9-20
'
9-1
9-
Canada,
8-18
7-15
7-20.
8-
2
9- 1
8-16"
7-15
8-
•'
pfd.
-
-:
(quar.)_
iSl
25C
i___
:
-4444
Hi?*
General
Mills,
Corp.Inc.
■
'15c
*
4__4__
8-
•
(quar.)—
11-10
f
7-26
50o
Globe; &
Republic
ica(s-ai
Special
Goodall-Sanford,
•''
preferred/
8- 2
7. $•
8-2
..
$1.6))
N!
7-6
8-
::
: 56%C
Amer-.
7-15
7-19'
8* 2
^
•
Illinois
Imperial
.
'
'• *•
,
?•.
$2
;
9-
10-1
3
9-3
7-20
8-
2
9-
1!.'
10c
(quar.)___
'
(quar;-)
A
-
(s-a)
7
9i;f
8-16
8-16'!,
1 '
9-15
8-16 S
9 -15
tiiWo'
8-16
..
9-15
9-15-
8-14
$12>/2C • s> 9-15;
8-14
40c..
;
,
-4
8* 2.
$2; ^
:
(quar/)—.
.
'
8-14
$12'%c"
(quar.)_~._
Y.)
$F
-
c
>
preferred
$25p.
,
■:
(quar.)
58V40
fV^hite Plains, N.. Y_- (s-a) 4—
Great Lake's /Dredge^ & Dock Co,
;■/
.
^__
9- r
(quar.)
Greenfield .Tap
;
.
>
:
r
8-16
& Die Corp.-(quar.)
_*
-
1st mreferred1
30c
7%
?
•
'
>
7-30
/
-4 <■>
v;8:lg-: t
.
8-
7
/
/ T
;
-
"
7-3JL./
j
7-15
9- 3
8-23
506
$1.28
:,20c;
RR,
Zinc/Co.
Varnish
(quaf.)
9-
1
9-
1
8-
8-
4%%
7-15' '•
10-1
''•/• 6-
J1-
7-
■:
50c
;
8-2*
2
10-
■
25c,.
Interchemical.iCorp.,; new com. (initial)
30b
'4%'% preferred (quar.)
$1,12%
International Business! Machines (quar;)■/» $1International Educational Publishing Co.—
$3.60
preferred
(accum.)
3,0c
International / Harvester,
1%
pfd,
(quar.)
$1.75^
International. iHcld'irtg#, Ltd".
$60b '
7-19
.
-
Investors Stock Fund,'
irr-v^rterl^'
9*29
7i-26f;
7%®
40c
/
______
7- 6
,
v
$75c
14c
30c
7*15jt
9- I
:/..30b"v". 12^1
Gas
'1;/.
B
■(^aT;)JLiii=i^_-i^^_;^2V4$1.06%!if-■ /.8**'.l^'
Knitting MHls of Canada™—$25c
Jersef Central
-Power
4% ' preferred
&
(quar.)
f
8-'
2*-
5
7-26
:um
7-15,:
&
v 2-24
'
9-10
8-24
/ 11-24
12-10
3-10-49
r
/.
.
2-24
ip\. r
/;/:9Vl-':•/
9-1
10* 1
9-13
8- 4
8-
4
9-21
,
8:20
;
■<•
62% 0
10-1
9-20
62 %c
1-2*49
12-20
62 %C
_______
4-1-49 /
3-20
iv;
(quar.)
$1.75
(quar.)
& Sons/common
8-
$2
1
m
7-24
8V 2
;
$3.50
7-16
■
7^23
:
$1.30
8-
r-8-15?//
$4
.
$2.50
m 9-13
,
50c
__
&
2
8-
8-16
7-23
:
7-23
10- 1
12 %c
9-10
preferred
Garden
8-
8-16
7-30 ;
30c
______■
8-16
lOQr
8fc16'
8-
■
62%C.
(quar.)
8-2
25c
>V
5
5
7-15
y
8-16
8-
8-
$1.06 %\.
(quar.)._
2
7- 9
2
(quar.)
25c
8-31
Co.
(quar.)
(increased)
60c
9-15
9-
.
8-16
35c
8-20
$1.25
10-
quar.)
;
40C
—
(quar.)
9-20
8-16
9-
50C
"
50c
1
8*16
9■
1
9-
933/4C-
Ltd,; 'class A
11-15
094/1/
93%C
1
8-16
8-24
8-10
8-16
8-26
$1.50-
8-2
8-
1
8- 2
8-26
7 5C
'
7-20
7-20
12-1
50
75c
'•.:■■ 85c-v;
(quar.)
l.ft,
8- 2.
ff- 2
40c :
(quar.)
7-15
2
8- 2
7-15
r
$25c
(quar.)
8-
(s-a)___*
$2,504
7-15
7-15
?
/.7^TV
8_ 1-
50c
-
8*
2
8-
50c
2*
7-23
.
'
7-23
••/; 9< lv-
$50V4c,
(quar.)
7-15
2
V 8^ 2
•75c;
-
pfd.
tl.
1
8* 2<:
>
$10C
—1
(quar.)
8-»
$15C
—
1
7-31
,
1
:V.\
8-
3
'
Stores
Co.
260 * wmm
Shoe
Corp.:
cdmmon
Co., Inc., common
preferred *(quar.)
Metropolitan. Edison Co..
Meyercord $■ Company
Michigan Bakeries,
$1
non-cum.
1
Michigan Ga# &
$1.06%
t'f
8*
6
9i" 1-
8-6/
9-1
8-
'•
/
45c
8<1
$1
6'-
7-23
8*f-lV:
7-23»
'
8*1>
$1.75
7-31
■
,
.
80C;
(quar.)_
7-20
9-13/
9-13
1
8-16
"
20b.
(quar.)
8- 2-i
10-: 1
97 %C.,
20c
/y/:
-«
19*
60C;
91 toe-
12—=____
..
V
20c
—___—__
(quar.)
*
10-1
7-31
25c-v
8- 2
9'*' 3
V:8^Sh/.
"7-20
8-
2
7-20
$1.75
•
(quar.)—
8-
2 ■"
7-20-
$i.iov
8; 2.
'
8-14
h4t
Electric—
iAfe ■ prbfefred. (^urfr^
Mkl-Continerit Laundries.
9-
•
'? 50ci
3.90% pfd. (quar.)
preferred
9- 1
9-15
50c
:
(quar.)
,(quar.) _'
common
7-12'
15c
(quar.)
Merritt-Chapman & Scott (s-a)
(
8* 2
8-16
$1.06
£__■
8-' 2.
8-15
88c
•
(quar.)
7-16
,p"V2'i
;
preferred (quar,)__—
$3.50
2
'
(quar.)
(increased
7"%* preferred
8* 17-' 9
11-24
r
$2
(s-a)—
RR.„. (quar.)
Porcupine Mines
7-25/
7-15
$
125c
preferred
Co.
8*25,
Light—^
8-24
12-10
3-10-49
■V';:>f
/*
8-14
/
9-10
50c
Mercantile, Stores,-7% preferred (quar.)
Merchants & Manufacturers Insurance Co.
Merck
8-10
11-10/
'
*
at| 9* 1;
50C
(quar.)
7-10
Z 8- 4
"
V 8-14
"
250
Semi-annual/™.;
9-15
7-30
J
7-10
/
>>.50e
?
—
.
9-1
Corp.- (quarV----------'
35c?i
0-16
^antzen-Knitting Mills^-* /. .)
Common'(increased-- quar.)__i_i
20q • 8- 1
i '■ SYo ' preferred A (quar: )_V-/_____________
$1.25/
9/'/ Preferred
Melville
V 4%
10-15v
8-26 "
-
2
9* I
$1.10
' Dredging
Co
Mead; Corporation, common
4%% preferred /:(quar.)£___
$2 2nd preferred,'(quar.)_
8-5*
8-
V 9-15/
*/ V /
8-
$1.10
McWllliams
7- 6
2
2
9-1
87 %c
preferred; (quar.)
preferred, (quar.)
preferred (quar.)
Corporation
McLellan
fc-f.'-V}
8-16/
$1.25,
'
7-24
10-23
8-
25c
,
preferred
(M.)
Grain,
Mclntyre
-
Inc."(quar'
Fireman' Manufacturing *(quar.)
8-6'
2/;
2
8*
8-10.
8- 1
$1.10
preferred
(Bait.), 5%
McGraw Electric Co,'(quar.)
Extra
i
a1
£_
7-15
8-»
-
(quaf.)—_
Class B L«_'A
McCall
10-30
8- 2
'
8-25',
11- 1
^
87% c'
(quar.)
Nashville
Corp.
McCormick
.
1
V:/ $1.
Realization'
McCabe
7-19K
8-16
V/
9-
$1.50
7-30
12-31;
2- 1-
1
50o
;
—
Maytag Company, $3-preferred
$6 -"1st preferred (quar.)
McArthur Chemical Co., Ltd,*-*.
5%
preferred
(quar.)
1;^ p 7rl5»;
9-3,
8* 1
,9-10,
7>,;pfd.H$100 par) (quar.
t$1.75 ;
7%/ preferred ($5 par) (Ifuar.)tB'Ac*"
~
&
stock
Masonite
7-15
8-31
8- IV
9-
80 c
,
$3.75 preferred (quar.)
Martin-Parry ;{Corp. (extra)l_
9-21
(quar.)—_——_44
9-10
$25c
participating*
9-13
1
8- 1
8-
50c
-
9-13
10-
15b -,
•
v-
$1
May Department Stores, common (quar.)_
$3.40 preferred (quar,)__
*
.V
$3.75 preferred (series 1947)
(quar.)
8-10/
1
7-20
50c
Bancorporatlon—
Mar-Tex
;••../ V
7-15
9« 1
20o
$1.25
2
'
Corp., common
preferred (quar.)
Fully
8-20
.
8-
&
Power
Square
Initial
8-20
8-
$1.06%';
Co.
l':
92 T'
9/ 1-/
-•V.V?:
$1,12%
-——
preferred A (quar.)
Marine
7-12
•
8-10
<
Consolidated; Mfg.
5%
8-20
$20c
$37 %c V
1
;'./■/•■ 40C
Marathon
7-15
7-13"
15c
—
Mapes
7-26/
2
8-2
7-30
9*
Stores," Inc.i^_)„
Madison
2
$-1/
7-23
8-16-
50c
quar.)__
(quar.)—
M'&M Woodworking Co* (quar.
Macy (R. H.)^ & Cp.,4 4 % % pf d^ A
8*
■
7-15
t2c
_
(increased
Lynch Corporation _i_
Lyon Metal Products,; 5%
■i 8-
18c '
7-15*
2
8-16
* $$1.50
Co.—
8%
Lukenp Steel Co.
6-30
•8-20
(apcum.) V/-'
common;
'(quar.)
Co;
non-cum.
Lucky
6- 9
2
2
8*
8- 2
/ 8-
62 %c-
2
8-2
.
Pipe,
convertible
Louisville
8-: .4
8-
v.,
8-16
1
SV//ZY
(quar.)
convertible
5%
7
6-20-
r_Iil_4_—4.——-1.1—ioc
Internatibribl /ResiStancer;
50o
(quar.).
7r20
/■
7-20
8-31
V 9-
v
7-15
8-16
50O
$200
,
8- 7" -
2
12-30
62y2q
—
Intertype 'Corp.;
Investment'Foundation, Ltd,—
6%convertible preferred/(quar.)
30o
(s-a)_
Light, $6 pfd. (quar,)—
Louisville, Henderson & St. Jbopis Ry.—< •
y ■•■ Common/ '(s*a):
8-13
8-16
8-18
"
'
9-13
8-
8- 3
8-2
/80b"
7%* guaranteed
$$1*
$1
.
Stock and bond group
1•'»
8- 2
10b;
—
■;*,
Lord Baltimore Hotel— 1
'
7% non-cum. 2nd; preferred
9- 3 *
$20c
Color, Ltd., common—
prefer red.; (quar,
Inspiration- Consolidated Copper
Institutional iShareS, Ltd.—
9-
56 %c
(quar.)_
.
convertible
Louisiana
9-15
:
8- 3
1
Co.,
5%
7-15
7-31
,
9-
96%C
Lord & Taylor, 8% 2nd preferred
Louisiana & Missouri RR.—
10c
,
8-16
v
5%
8-12
7-28
4
Ltd
Cement
5%
8-12
1
$25c
——
(quar.)__i_—___
&
par tic.
conv.
Jacksonville
8-2
'
;
1
Associated, Telephone—
preferred (quar.)—
Jantzen
ch,
Terminal
Extra
Iron
,
fquar W,
Products
1
9-
56Vic
International. Railways of- Ceiitral^■■'■America—
5 % - preferred' (accumr)IVVV-™.-
.'8-2Q
V"
v
-
•
8-14
.
75c
-
8- 3
' .'9-15' '
,
Griggs Cooper & Co.—
GBdcery/SCoy^
2
9-
,
7-15 ■;
2
9-1
(quar.)—
Sons: Co.—.
Gas
Lowenstein
International Nickel Co. of Canada—-
$-2§ V
9-i 1
15o";
(quar.)
Grless-Pfle|[er" Tanning; (quar.)
.
8-
$ir.
25 c
—
6%Vconvertlble preferred/(quar.)
..■:25Cr.'
___
I«t50C
Light-*preferred
8-12
,
8.-25..
9-1.5,
8-1,5
:
MS
30c,
G*ha{/Lakes'"Engin^rfrig W</rk$;7common4_-4
6%^ non-cum.
7-13
1
1
,
'7/15
8-27
/:' 25c
Fire Insurance "C07—
Greenfield/Gas
—
Industrial Brownhoist
■
9i%
•
$!•'
$1.25"
(quar.)_
com.
9-15
37%C;
'
Gray$bn-Rdbirison Stores
Eastern?
2
Mtot
Indianapolis, Water, class A (quar.)"______-_
h
preferred A X(quar.)
4%% preferred series B (quar.)
.,
8- 2
Grand Union. Co.,. new, common. (Initial)
$2.25
8-
9-
Indiana
7-20
*
•
$ 1.50
:7V 5//
8-16'
Extra
GfeSt;
7-24 "
$1.06 %
/50b
8-
50 c
-
(quar.)__—
Ltd. (quar.)__
Shops,
Lorain Coal fit Dock—
7-24
50C
Illinois
;
class
(quar.)_
Co., common
(quar.)
6.%V convertible preferred/tquar.)-____4_.
\
(National Bank ; (N.
8-16
8-16
$1.25
Power
6-30 /
8-16
.
/
8-
Illinois
25c
Grafton &'~Co:, Ltd/,
9- 3
7-20
45c
6-30
8-16
$$1.25
Gordon Maqkay Stores, Ltd.; class A :(quar.)
■tJla$s B v';'(qUar. )11''—
Grace
Co,
5%j preferred B v.(s*a)__-,
6-30
8- 2
$20C
4
8*20
/
2/
$1
_r444444___-4
common
Star
8-2
:
(quar.)
Common-__4____'_______-;_"__
8- 2
20c
of
Joint
Hydrb-Electrip Securities Corp/—
;
:$i;50:
(quar.)__
Co.
Lock
$1.50
500
——
B *
8-2
7-28/
7%o
Corp., common
preferred ((quar.)
Lone
10-15^
1
8-10 /
8-10
$$1.75
Carbonic
Class
•
62 %C
(quar.)
Peanut
Candy
preferred
1
8-6/
:
15c
Gotham Hosiery Cq., inc.
7-
7-15
8-16 /
$40o
Y.)
Meyers Tobacco Co. (quar.)—_
National Life Insurance
"*
8r 3
30c
Idaho Power Co., common (quar. )_4—_____
;4%'j preferred (quar.)_____l———_/l._44
$1.37%
:
:4_-4_
insurance
preferred
2
8-27
9-20
12-20
7-31.
.
9-11
'-vt
convortiBle
8-23,
8-
9-28
9-30
8-16
(Tom)
N.
___—_____
Corp.___J.£
A;
11-
31 %c
&
Class
9-15
•
15c-
■
9-6
'
'
.-_■
Goodyear Tire & Rubber Co.,
$5
7-22 "
1
8-14
-_i.
Inc.,
7- 9
8-12
9-
9-13
Co.
Rubber
8*13
,»7-20
(quar.-) ——25c
1
Goodall
8-1
Huston
j25c
___-__i4^_'__4i-_-4-4-4--;
preferred '(quar.)
7-15
Huttig Sash .& Door Co., common.—;
/ 50c
5%- preferred (quar.)___;;_-_J___-_-_--_
$1.25
5%
preferred (quar.)—*125
Hydraulic Press Mfgf 6% pfd. (quar.)
37?%c
Gerieral Waterworks Corp., 6%~
8-2
pfd.-(quar.-) - ■ $1:25Gilber't (A/ Ci)
Co., $3.50 preferred—'.••87%'ct- 10- 1
Glidden Cdmpany,1 common
'35c''
10-
4fop
10-19
2
7-10
;
common-.
(quar.)}
(quah)
8-
7-20
8* 2
Corp.——*-■"
preferred
preferred
10-29
Refrigerator^-*
preferred
■•
10c
Original capital ________—
Original capital •
£
O.iglnal capital _ii
Special Guaranteedf (quar.)
Special Guaranteed,v (quar.)
Special Guaranteed(quar )
Loblaw Groceterias Co;, Ltd,—
9-14:
8-10
1
2 /
8-
Milling Co., Ltd,—
-_v
Mines,
Savers
1 '>
910-
,
8-10
.
Stores
3 to %
50C-
,Commonr(ihcreased^"qUar.)______-__-,-__
$2.25
Gold
Liquid
8-17
..
8-2
50c
m.
Utilities
8-27
9-24
10c
Hussmann
Secord
$3.50
8r,26,
$1.06%/
_________
•■
J"
10c
Link-Belt "Co:/ (increased)
7-24/
8- l r
Geiieral Steel Wares;'Ltd.,
cominon--(quar.)
6%
'
7-24
9/15
fiSc
(qUar.);;------/------(quar.)
Woods
(quar.)
-Quarterly /
Printing
:
7-15
8-14
30C
Extra
2
8*ltf
87V2C
Co.
2
8-14
_____
preferred (quar.)
$6, preferred (quar.)____
Public
8-
11-10
11-25
50c
$1.25
(quhr.^
convertible
8-16
8-16
Sound
50c/
$1.75
preferred (quar.)
National Bank (Brooklyn,
the
9-22
12-22
'1
9-
$1.75;/
.
(quar.)
Mfg.—
'/
-
8-17-
:
9-29 Z
$1.50
?
<
Quarterly- -
'
75c
Y.), common
Corp./ common
preferred.
(quar.)
9-10
12-28
/
60c
■
Lincoln
25c
& Co., common—
(N.
Of
Liggett
3
8-
-m- Jri'
s-a)
(quar.)
8-
25c
Hudson Bay Mining & .Smelting, Ltd.
Hudson Motor/Car/ (quar/
11-25
$1
25c
Howe
,
8-16
9- 1
;
4%^
6-25
9*15
$1.75
'
2
(increased
* 50c
—
(quar.)__ v $1.12V2
$1.12%
—_
preferred
Inc.
Little Miatnl RR.
_1J
Lighting & Power, $4 pfd.
Howard Stores
7-16
9-17'
10-. 1
Y.)
A
Rubber to Tire Corp.
Life
9-21
25c
(quarO
,
preferred
Houston
,
'
Service
(Geo, A.)
Horn & Hardart Co.
2
6-24
8- 2
.
25cf:
■:
(increased)
$5.50
General
Horrnel
■./ 6% 1 preferred
5%
- (quar;) _w
(s-a)_4___I_
Outdoor Advertising Co.,
General:' Public
,
6
8-
(N.
7-12
(quar.)—;
preferred
Corp., 4%% pfd.
Libby'»Owens-Ford "Glass (quar/
9-15
1
8rl4
25c
,
Electrochemical,
'
93%0
%ff' preferred
8-
Co.
2
—_
Lerner
$1
common.;/
preferred
(quar.)
Hooper Chemical Corp.
(initial)
Horder's,
Incix (quar.)
7-20
8-2
$3.75
General
8-16
8-15
(increasedi44_"4—--4
General Motors Corp-.-*-;
$5
preferred
(quar.)
•
v: 8* 2
General;^Irbn^orks,'7;% pfd^accum;)
Metals
Insurance
1st
Lehigh Portland
■
25c
$4,25
12- 8
1
9-
$1.12% •
5%5prefferrdd A '(s-a)___4_______J_^4-A__-4
General Food# Corp.; common
$3.50 preferred (quar:)
General
Home
'
8-
(quar.)
convertible
Leitch
7-20
10-
206
1
$1.50,
preferred
preferred * (quar.)_
Legare Co., Ltd., 6%nconv. pfd.
7-15
1
37 %c
quar.)
(Henry) $l class A (quar.)
7-16
& Co.,- (quar,-_-'--i.----____-
Lees "(James)
7-15
10-
$1.25'
Holt
7-15/
1'
8-1
r
35c
.
(quar.)
(reduced
1
(quar.)
6%
Common;
Lee
9-30
8T 2V
25c
Co.
8-
V
(quar.)
A
Plante-Choate
Laura
10-20
/■; 7-15
8-;
$1.25
E.)
H.)
Co.,
Lincoln
Holly Stores,/5% convi/^pid. (quar.) _—,T_
Holly "Sugar Corp. (quaflif//----^—
Holophane
Company -
9-10
8-16
$1.06V«
common
preferred,C
$1.25
;
Powder
Hires', (Charles
4%%
Company
8-14
7-16
Lanston Monotype Machine Co.
7-20
,
1
8*. 2
15c
.__
8- 2
10-15
68 %C
Cement
preferred
Company
Mfg.,
preferred
8-25
7-31
(quar.)—
6%
7-31
8-20
15c
20c
34%c
Bryant, Inc., 4%% preferred
Corporation (resumed)
Lansing Company»-_i;
_____
T-12
15C
5%
preferred
(S.< S.)
10-
(quar.)
Lanova
9-16/
1
7-23
8-10
11-10
(quar.)_—
common
Lane
«
9-10
11-
$1.12%/.
Hooker
$2
Corp.,
8ft"
9-30/
.800^ /12-20?
.
$1.37 to
7-15
8-2
25c
Finance
7-15
1
2
11-20j
10c
Inc.,
7%/preferred (quar.)
Lamston
(M.-H.), Inc. (quar.)
8-20
8*
$1.37%
Tobacco
Company,
Fund
Stores,
Lafayette
:
8-17
1
8 -15:
$1.12%;
Higbee
^
8-17
10-
8-
8-20
37%o
(quar.)__
•3.85%
(quar.)
7-20
8-2
30o
4___
convertible
'
8--ai K&7-207$:
r*
12V2C
Corp.; common.-.
i General, Cigab Co.- • common42;___4_4_-_"44__:7%"T preferred (quar.)___j(______^________
4%
2
,
v. -
Cabie
General
'
8- 2
8-2/
(quar.)
preferred series A (quar.)4
General, Baking Co.; <common^-__
$8 < preferred fquar.)____iri_4
General
7-20
•i
4 % %* pfd;- -(accum.)
Transportation—
American
,
7-20
9-10
12160
$4.25
$4
1
8- 2
87'/2c
4'ir
preferred
v
5%
8-1 tf'
1
9-10
75Cr
20c
preferred: (quar,.)-l4_r__—L.—__2a,
^
La
:
&>-Co.
Corpr (quar.) ___4___
Co., *5 % pfd. (quar.)
7%- preferred class A (quar.) ___;21/l44__4
Hershey Chocolate Corp., common (quar.)__
$4 convertible preferred Iquar.)
Hewitt-Robbins,
Ihc/
(quar.)—
Hibba'rd, Spencer, Bartlett &' Co.—
Common' (monthly)
J___
Common
(monthly)*
.•
.1' Common/
(monthly) "_____*4_/__
.
8- 2
.*
"s*25c
(quar.)__
C6:.-4% »fdir^4auarri
9-
$1.12%,
—
(A.)
:
8-10 V
9-15,
9-1$
I
7-15
9-21
Heater; L'Aiglon Apparel,
12-10
*
Hercules
8-18
$12%c
Woodv industries;
General
'
50c
,
4
Ltd..
7-81
1
1
3-22
Lake
Quarterly
8- 2
$1"
preferred
conv.
7-26
9-
8-
SI ;
$20
Kysor
;
8-14
2
9-
12-30
$2.50
12-22
preferred
7% '2nd preferred (quar.)
1% 2nd preferred (quar.)
Cementing Co.—
Go., 4V2% pfd. (quar)___
Hayes Manufacturing > Corp;
;
Hays Corpv, 5 % preferred (quar./
Hemisphere International Co.— *
v.
8-16
9- 1
,
.—t$1.12Va
Company
Gardher-Denvfer
Gdi
1
'■
,
15c
\
preferred tquar.)_
preferred ^quaW)?*-i:_4.-s4->4-4-4^
^
9-
15c
___4
(quar.)
1
8-
Hartman
-
(quar.)
Gair((Roberta Company-—
Gair
7-20
Industrial Securities -Corp.—
$3.50
t%
12- 1
$1-
(quar.)_
_4_—
A
_4__
Well
9-
500
Harrisburg Gas Co., 4y2% preferred (quar.)
Hartford Electric Light Co.V(quar./_-_—-_
259
preferred' (quar.)
AA
1-1-49
25c
_________
Brush
Class
25c
(quar.)__
preferred^, (quar.)
^Instrument, '6 %. preferred-.
Plywood' Corp.
(quar.)—
5j/2%
7-21
25c
(A.
4'/2 7e
Fuller
Co.
lOf
4)/2"%
Wi%
9f 3^
8-2
/:5014c
Klelfeer Co.;.* common4___4____42:__;
J.), Ltd., common
Freiman
/
8-14
15c
-
preferred (quar.)
"■Hotels ~Co,> :(S^a]tv,__-.^-4_444i_____4_).
Foster
Brothers
1
8- 4
9-15V
50c
?
8-13
8-18
$5c
—
Extra
9*
8-13
7-31
1
Kress' (S.
8-13 V
8-13?
$250
3
8-27
4-1-49
Kroger
8-13
8-31
Hercules
com.
8-31
9-
37%c
4% %
•
8-31
.___.
•
Convertible
2C
25c
'"/// $3c
(quar.)
Kroehler
/
8-13
8-13
5c
Harris
8-21
"Bit
:
Ford
8-31
& 8r31
3
preferred
Kroger
66
Harbor
-
Machine,
8-13
8c
'
3
1
$1.75
iquar.)__
&
9-
S0(f
*
__
4
•
9-15
-
$1.12%
<quar.)
Co.
.8-13
8-31
;444-4—__4—44_:—
8-31
$1.12%
(quar.)_
common
8^31
2c
Ltd,
2
9-
1-2-49
Kresge
8-13:
8-13 *
:
9-1$
7-15
8-
37V2c
$1.50
Kokomo Water Works,
8-13
8-31
6C
_______
9-30,
(quar.)
$1.37%
8-31
.f.-—/.
Mines,
Ltd.
Knudsen Creamery Co., 60c preferred
8-13 •(
8-31
8-13
preferred
Company,
Kobacker
8-13
8-31
7_2Q
J.
1
9-
75c
■'•■
Knickerbocker
*
8-13
6c
1—;
9-25
$1.50
lc
Shares———
""iW;:
1
$1.50
t
3c".
Shares
2
8- 2
25c
_i__:
Lake" Mines,
Kirsch
V
/ 8-13
8-311
; 8-31
6 V2C
'
8-13
*
9c
Extra 5
-
9-
9-15
1
convertible preferred (quar.)£__V,i
Trailer Co.; 'common
(quar.)__
Fruehauf
4%
4%%
8-31
v
11 V2C"
Hammond
$2.50
:i_
_r___
Telephone Corp.,
Light,
7c
8-13
12-20)
"
7-ie
.
:
"
Corp, common...
"
-$2 ' preferred,
(s-a)ii._4__c___44i.__^4_,_^.-, :
Fifth Sterling Steel &. Carbide Corp.—
7 % • preferred
(quar.)
&
8-13
■Quarterly- 4-i.4-_-—'(
zitoe
$7c
Mines,. Ltd.«_l
i_
Hamilton Cotton,
Ltd.
$22 Vic
(quar.)
Hamilton Watch Co.; common (quar.)
25c
4%> preferred (quar;/—22Z2-'
$r
Hammermill Paper, Co.; common (quar.) —_
37>/2q
4Vi%
preferred ' (quar.)_',"_ll_-_7-7;_-—/ $1.06 5/4
s'
4
'
First- York
Power
8-31
Hallnor,
8-31
9-
8- 2
-
V '$2.5Q
Florida
8-13
/,
^
•
9-20
$1.50
-new ,(initial;)_____:VJ™r£™_™
Florida
8-31
'
^44Wf_—
Halliburton Oil
.
'tit**
Ffrestone'l'irq & Rubber; Co.— V
"
7-31
Field
at Baltimore—
preferred-' (quar.)
7-15
8-I2;;:
,
Class
4to%
Stock
/Extra;
Halle
■
>
Stock dividend on the class "A ? and the !
!
B (three shares'for each seven held)'
piass. A
8-31
"
-
see
America
01
8-31"
20c*
common_
Kings County Trust Co. (Brooklyn)
(quar.)
Kingsbury Cotton Oil/ common (quar.) _____
10c
Common
(quar.)
!
—10c
8-13;
5C
Co.,
Furnace
,
8-13
14c
Hale
8-15
35C
_____
(quar.)_____™_____
&Co.
(Marshall)
Finance
8-31
8-31
8-31
&
County Land iquar.)
Kerr
9C
Quarterly ,.'4____i.44_______'__———I__: v
jBros.t Stores, Inbu (qua'r,)'— 4-__;—__4,
frf.
9-15
8-1
v
-'40C
__-
Fibieboard^ Products;>■ Inc.—*
8-13;
; 8-13-
...
V
10-
933/4c'
Kerite Company,
new
common
(initial)
Keystone Pipe & Supply, 5% preferred (s-a)
Kingan
Company,»4% preferred
(quar.).
V
11c
2^2:
Tobacco. Shares
,
8-18
*$1
t$2.50
8-13
Utilities Shares
Gypsum Lime & Alabastine of Canada, Ltd.—
'
8-28
10-1.
50C
(s-a)_
(accum.T—L
Ltd*, 6%% pfd.
FedefalMoguTCorp;,™/,;™
Ferro1 Enamel
Corp./
8-13
8-31.:
Refining
Kerr-Addison,-^Gold
8-13
8-31
ioc
Oil
Extra
8-31
■
7-21
r-
$2.50
8-13-v
8-31/
—;/
Steel Shares'
;
:
1
8-
.Jtv>
■:■■'.*■, 7 ■■/;;
Federal Fire Insurance Co. of Canada
Federal Grain,'
■
9-11
$1.50.
'
IOC
Kern
8-13
7V2C;
Shares'?-—-—-.—,
/ —4
Railroad Equipment
/ j
"
Co.,
8-31'
8-31
4»/2c
:
Extra
:t
v
(quar.)
.
8-13-;
Railroad; Bqnd Shares
:
5%'; preferred A^(qhar.)
Fairbanks
.
]$xtra;'—
7-21>
12-, 1
-
Railroad
.
8-31
7c
____!
Shares
Petroleum-
-
Esmond Mills; Ltd,, 5% preferred (quar.)
Eureka Pipe Line Co._li
-_r___
Faber. Coe & Gregg, 7% preferred (quar.)_
Fair "(The') *
;._______r4--4_:__—_____
;
Mining
V>:
1-1-49.
$1.75,
._
8-13"
3c,
■
75C
r
8-13;
8-13,V
Shares..
When
Holdera
Payable of Rec*
■
Share
,
(quar.)
City Power & Light—
/-V V/;
3.80% preferred, (quar.)
95c
Kawneer
Company
:
25c
Kansas City Stock Yards Co. of Maine—
i
>
* >
■5%,' preferred
(quar.) I
$1.25
n
8-31
'
Priced
Merchandising Shares
.
7-21
/
8-13
8-31
''■
7-25
,
1
9r
$4.50
(quar.)
RR
Pittsburgh "RR.—.
5%
12-31
2
8-
8*31
8-31/
8-31
8-13
•;
(s-al^~
Kalamazoo
1
Low
fe/VV.'v/V'-/;-///'/..v.-Pcr
preferred
Kansas
5c
Shares__-1___—'
"'Extra "__1.
9-15"
'
8-13"
15C
:
Investing > Company 'Shares___-4_—^ •
8-12*.,
1
•
8-31
Johnson
8c
/; 9- 4
1';'
10-
1-25-49
$2',
25c
Kalamazoo* Stove
2c
•
9-
$1
(quar.)
preferred
*20c„ pre/errpd
9-
Shares
Industrial
Machinery Shares
Institutional Bond ;Share*s_^_--^_---__4__
,
'
$1.25
r
Erie
7-15
S 7-15
"
Eppeus Smith, Co. (s-a)V.
Equity. Corp.; common,,(resumed)____
$3'convertible preferred." (This payment
\clears -all? arrears)
•
1
1
9-20
/./" ; .15C y
;
25c.
50C" '
._
Ely' & k Walker4 Dry Goods____—
Emerson Drug Co.,' 8% pfd. (quar.)
Empire District Electric Co.,"5% pfd. (quar.)
V 9-15' ■/
8-
8-
$1.12% >
££_£"•
Co.
21b.
4
preferred ,(qu§ir.)
National
9-25
-
Equipment
'/
■
3%%'
8-13-v
10c
7cr
——
:/ / -
•
Common; (monthly)'
Ekco«Products Co.; common
•,
•
Extra ;
r__w*.
121
iFood ; Shares •^4J__-jL.__--_-___-__4__-_444"
:
;/ 8-13"
V
Co.,
8-31
40
,ljully Adpiinistered; §hares___
Rxtraf 44L44--/4tl____I!/________-__r;?4;
8*14'/
■•'■/:
Tea
8-31
,v2°\::
v
.
'
7-23
8-25
$1.25
Shares
Electrical
8- 2
7-18 /
$1.50 ft".*
$1.59' - 10-1" ■-9V3'V
10- 1 - /-■
$1.75'
W*M
; Name of Company
90r
Extra
-
'."'
;
5c
3q
Cpemical,
■■.'r
/
7C
,C1
48!
(485)
Jewel
•i
Building' Shares.^
7-31
WhenH H older §
Payable of Rec.
Sharif
Aviationj Shares.;^,-
7-24..,
2
'v
.
>
Automobile ;»ShareS'--4"_44___—
8-20,,
9-20'
8-14,
$1.50/
Corp.,. $6 pfd. B (increased)
A - (increased)
Sugar.Associates,
8-
■
,
inc.—
(Shares
:t: Extra
;.
,
Eastern Stated
-'$7 * preferred
6-30
8-10
$1!.
^Agricultural
.
7-151
10-1/
25'C','
...
1
l'V
.
8 -: 2
Company "
Group Securities,
99-
8/2
.
/
Dty&ljt
Per
Name of
r 9-.
'■;1 933/4C* '/ 9-15
9-15
Paper* Co.; Ltd
Ducotnmop. Metals, fy Supply (quar.)
Dun &
Bradstreet," Inc., common (quar.)
FINANCIAL CHRONICLE
Holdert
Paydble ofRec.
•'
„
&
;
Iftb7™™rrr_"™
"20c
7-U
'T 8-
5
,
Per
Holdert
When
Per
Name of Company
Payable of Rec.
Share
'vYl,
_
$25c
8-
1
7-15
25c
8-
1 /
7-12
10-
£
9-20
Oklahoma
25C *
10-
2 J
9-20
2
7-15
Extra
.
prior preferred (quar.)-,
Mine Hill & Schuylkill Haven RR. Co.
$1
-
8-
$1
(s-a).
Minueapolis-Moline Power Implement Co.—
$1.62 Va
$6.50 preferred (accum.)—.—:
—
$1.50
Mississippi Power & Light, $6 pfd. (quar.) —
Mississippi1 Valley Public Service Co.— -
.
Inc.—
$3
participating preferred
(quar.)
Moore Corp., Ltd., common (quar.)
4%
preferred (quar.)
Moody's Investors Service,
preferred A (quar.)
V%
preferred B (quar.)
Morgan (J. P.) & Co. (quar.)
Morris Plan Corp. of America,
*
—-
common-;—>
Bfctra
-
7-15
8-18
Outboard,
8-16
8-2
10-
-
Chemical
Mutual
6%
8-27
8-27
5%
8-27
Pacific
10-
1
8-27
9-15
8-31
-.8-
1
;;7-22
8-
1
-117* 9
preferred
6%
preferred (quar.)
5%
redeemable 1st preferred
Pacific Lighting Corp.
(quar.)
1
7-15
(quar.)
(quar.)—
Automotive Fibres-(increased
Biscuit Co.,
National
i
8-23
8-
2
7-15
8-
2
7-26
9-24
9-
1
6%
8-1
7-15
5%
8-16
9-
National
"■
10-15
9-10
Common
$1.75
8-31
8-10
Common
50c
preferred
--national Electric Wdlding
"Quarterly
Convertible
10-15
9-30
1
7-15
<
.'i
Qaarterly
National Erie
.
8-10*
2
7- 9*
8-13
Peoria
7-23
10-20
12-15
12- 3
1
9- 3
8-
2
>7-12
10-
1
.9-15
i' 10-
1
9-15
10-
10-
i::/ $1.50
(quar.),,
16c
■*
$1.12I/2
1
8-16
7-31
25c
8-16
7-31
$1.25
8-16
(s-a)
—.—
Research Corp.—
The
following- sell
ex-dlstribution on
July 30.
The amounts are prelim¬
inary estimates of such distributions.
t
9-15
75C
7-31
$1.25
Extra
preferred
a
National Securities &
Plywood,
7-30
Portsmouth
8-15
7-30
Potomac
8-15
7-30
Procter
8-15
7-30
Prosperity
8-15
7-30
Class
53VaC
8-15
8-
5
47%C
8-15
8-
5
Provincial Transport Co,
8-16
8-
2
Public Service Co.
8-15
7-30
8-2
7-15
Neptune
$2.40
Mur,
Nestte-Le
New
600
(quar.)
Co., 3%% pfd.
Haven Gas Light (quar.)
Jersey Worsted Mills
9-
2
8-
93%c
8-
2
9-15
40c
.
50C
;
New
Process
7%
New
Company,
common
Air Brake Co.
New
8-
8-13
$3
$2
9-
8-
15C
Light, 3.90%
8-
7-20
97yac
pfd. (quar.))
8-
7-15
Niagara Lower Arch Bridge Co.,
2
Mines,
$75c
9-15
8-13
75c
9-10
8-11
25c
8-10
7-14
$1.50
8-1
7-19
50c
9-10
8-27
600
10-1
9-22
87%C
Western
&
Ry., common
12-23
12-16
(quar.)
adjustment pfd. (quar.)
Norma-Hoffman Bearings Corp.—
4%
6%
—
(quar.)
preferred
•
American
North
Car
Corp.,
preferred (quar.)
North American Finance Corp.—
$2
(quar.)
common
convertible
7%
80c
•
prior preferred
80c prior
20c
preferred
Carolina
RR.,
Liberties
Northern
Northeastern
gtd.
_j._
Extra
4% %
2
Engineering
Public
<1
8- 2
8-16
7-31
10-1
25C'--"-
93 %C
-
J
9-20
A 8-
1
A/
7-21
50c
8-
2
•:
7-15
-
7-15
"
-
7-15
8-
Servi^a, com.
(oi ar,).,
preferred .(quar.)
Utilities, Ltd.—
t?.
22'/2c
•
$1.12'/2
2
8-
2
9-
25c
<
Class
Rheem
28%C
(quar.),
1
-
*
8-16
Indiana
share
held.
4 %
•
preference
C
(quar.)
(Charles F.)
Co.,
Ogilvie Flour MillSi Ltd.,
7%
preferred (quar.)
6%
pfd
.(quar.)
common
,
—
(quar.)
w-V
22'AC
}25c
$$1.75
.
8-
B
2
10-
1
9-1
■
-
:v-
7-28
Simmons
2
7-21
Simon
9-10
8-17
Simon
8-2
7-20
7
1
7-
8-
1
(H.)
preferred
4'A%
8- 1
7-15
Smith
(A.
8-1
7-15
Smith
Oil
Sinclair
8-8
6-16
(quar.)
(quar.)_j
Goods, common
7%
1st preferred (quar.)
7 %■ 2nd preferred (quar.)
8-26
8-12
8-26
8-12
8-16
8-
9-
8-16
6
Oil
Richmond
-
—;—
50c
(quar.)-.
Corp.
Insurance
Co.
(N.
Y.)
15c
(quar.)—
Rich's,
-
33A%
8-27
Rlegel
7-28
$4
75c
common
(quar.)
preferredv(quar.)__
InC,
Textile
preferred
Corp,
A
common
(quar.)
;
(quar.)
;
;
93'Ac
50c
81
'
9-10
9"15
7-31
8-16
7-31
8-16
7-31
10- I
9-15
9-30
9-15
8-
2
7-12
8-
2
7-17
8- 2
7-17
2
8-27
8-18
8-27
88-
7-23
8-25
'
2
8-25
1
2
9-1
7-23
1
9-
.
8-13
9-15
8-14
7-15
9-24
5; 8-20
9-14
> 9- 2
8-2
7-10
8-2
7- 1
7-22
>
50c
$30c
25C
7-22
-
50c
9-10
8-10
9-10
8-10
9-1
-
87'/2c
$1.05
22»/2c
7-30.
8-15
7-31
9-30
9-
1
9-30
9-
1
75c
$25o
8-31
8-1#
31'Ac
;
-
7-30;
9- I
10c
8-16
7-16
A
8-14
60c
8-31
30 '/2C
8-31
8-
2c
-
—-
Co,
5
8-15
8- 2
81'Ac
9-
1
8-16
25e
9-
(resumed)-
1
8-16
1.265625
9- 1
8-16
$30c
8-16
7-20/
•1.20
8-1
7-15
$1.25
9-15
8-13
550
!
(quar.)
8- 1
7-15
-
Indiana
Gas
Electric—
&
(quar.)
non-cum.
preferred
$2.20
Southwestern
7-16
4.40%
(quar.)
Service—
(quar.)—
Electric
preferred
7-23
Southwestern
7-23
Southwestern Public
Life
com.
(quar.)
(quar.)
1
92yac
92M»c
8-
1
7-15.
8-
1
7-15
$1.033A
8-
1
7-15
$1.25
8-
1
7-15
IOC
10-
1
5%
Sovereign
7-20
7-30
.
9-17
7-15
7-21
7-21
•-13
11-12
:
,
7-15
7-19
>
7-20
Quarterly li—
Stock dividend
i
7-20
1
7-20
>
8-25
A
B
5%
"
&
4'/2%
Stern
3
Textiles—
preferred
Strawbridge
&
7-15
•
.
7-30
: *
.
$56'Ac
8-1
50c
9-10
-
<"
9-10
(quar.)
Coal Co.
Clothier,
8-
11-10
8- 1
-7-15
""
•
8-10
8-
■
/ 9-15
:■
'
$15c
$10c
;$1.25
^ $1.25
—
pfd. (quar.)
8-1
8- 1
9-30
12-31
25c
$75c
8-13
.
$75c
...»
8- 2
8- 2
50c / 8-16
/
i
^;'\-
56cY 10- 1
(quar.)—9- 1
common
'>/ 25c ;-. 8- 2
5
7-30
Acid „v.
60c
4
12-10
8-14
50c
12yac
..* >
* 50c
-tJC; 5c
.A':.:
2
7-30,
1
Stores
-
1
9-
9-
(quar.)——1
& Company '(quar.)
.
Stonega Coke 81
,9-
1
participating preferred
Stein^ (A.)
Stern
7-20
9-
$$1.25
(quar.)
Brothers
7-15
,8-
8-16
$10c
f
8-13
■>>
2
,
(quar.)———LSteel Co. of Canada, Ltd, common (quar.).
7%
7
7-22
7-20
preferred
Sterchi
9-15
'
(quar.)L—.
(quar.)——'
Stecher-Traung Lithograph, 5%
7-15;
8-18
-
Class
"
9-15
- "
(quar.)
Tube Co,
Class
.
8-
45c
!
class B (irreg.)
Wholesale; Phosphate
&
Works,
Inc.
(quar.)
Stanley Brock, Ltd-
:
2
;
Standard
.
8-
$1
—
-a..—
1
Corp.
convertible preferred
Standard
.
7-12
■/ b-16
4%
$1
share-of Standard
each 100 shares
(quar.)-—
Silica
9-15
9-10
50c
for
Standard Steel Spring Co.—
i
10-15 ''
7-15
7-26
:(One
J.)
held).
Standard
10-15
'.7-26
':
—
——
(N.
Cash dividend
7-15
9-10
Co.
Oil
8-16
9-
u.—«,:
——
preferred (quar.)
preferred (quar.)
Investors
Spencer Kellogg & Sons (quar.)
Squibb (E. R.i & Sons, $4 pfd. (quar.)
$4 preferred A (quar.)
Stamford Water Co. (Conn.)
(quar.)
Standard Chemical Co., Ltd, com. (quar.).
"5%. preferred (quar.);
—
Standard Fuel Co., Ltd;— ' > ,
*
/
4'/a% redeemable preferred (quar.) —
Standard* Oil Co; (Ind.)
(cash dividend)—.
1
10-13
45c
97y2c
Service,
4.15%
7-20
7-21
10-15
40c
(quar.) —
(quar.) —
2
8-
$1.10
Co.
Insurance
preferred
preferred
3.70%
,
8-18
1
8- 2
Railway Co.
preferred (quar.)—^
Southwestern Associated Telephone Co.—
5%
7-16
•
1
9-
Southern
7-31:
,
9-
9J10
$1.50
Water, common
California
preferred
4.8%
9
9-
7-16
Edison—
(quar.)
California Plastic
Southern
8-13
8-
7-16
8- 2
50c
Common
8-18
7-
8- 2
Southern
7-21
8- 2
10- 1
10- 1 ;■
9-15"
8- 2
8- 2
8- 2 ;
$1.75
> $1.75
9-2
8-16
$1.50
preferred (quar.)
%
preferred
(quar.)
Canada Power Co, Ltd.—
4 'A
8-14
8- 1
8- 2
r
8-2
8- 1
8- 2
11- 1
8- 2
11-1
r
9-20
8- 2
' 8-16
50c
10-2
——
preferred
4.88%
8-14
9- I
12- 1
8- 2
52'/2c
6'Ac
7'/2c
7-16
8-
8- 2
,
.
7-19
7-20
8-25
(irreg.)
California
3.90%
j
8-27
2
;
Southern
$40c
$40c
$25c
8-18
8-
—.—
8-13
25c
50c
8-18
1
Chemical Co.—
9-1
8-2
8-16
10- 1
8-12
8- 2
8- 2
9-10
1
9-
7-18
(quar.)
common
Corp
Southern
'
1
9-
10%
7-15
9-15
8- 2
10-
7
*
7-30
8-13
9-10
50c
10- 5
9-15
8-25
ff- 2
8- 2
50c ' 8-2
1
2
quar.)
8- 2
8-
$25c
$15c
20c
.
s-iO',
9-10
10-
$75c
^$$1.50 >
$$1.12y2
8-16
8-6
8-16
8-31
7-20
$30c
$$1.25
-
10-15
7-23*
: 8-15
7-20
2
2
3'/2 %
8-16
;
v
2
87'/2c
$30c
$50c
common————
-
preferred
Extra
2
7-12
8- 1
12-10
88-
50c
(quar.)
Smith (Alex.) & Sons Carpet—
Common
(increased quar.)
8-14
$25c
8-12-.
12-31
25c
preferred (quar.)
4.20%
(initial quar.)
preferred
Solar
Aircraft, 90c preferred
(quar.)
Sonotone
common
(quar.)
Corp,
$1.25 convertible preferred A (quar.)
Soundview
Pulp Co. (quar.)
Southam
Co, Ltd.
(quar.)
South Bend Lathe Works (quar.)
$62'/2c
,
& Co,
O.)
Common,
.
4%
(quar.)
Corp.
(N.)
6%
.—
"5
9-
Skelly Oil Co. (stock dividend)
Inc. (increased quar.)
8- 6
50c
8-12
1
8-
Skilsaw,
1
—-
9
7-
1
9-
62'/2c
(quar.)
(increased
Agricultural
-
2
Slater
9- 1
8-16
9-10
9- 1
9-
35c
—
8-11
87'/ac
20c
8-13 :.l
8-1
12 'Ac
-
& Sons, Ltd.,
(quar.)
Ltd, class A
Simpsons,
B/
8-11
2
7-30
9-1
(see Franklin Simon)
(Franklin)
9- 1
6-
8-14
25c
(quar.)
Company
.'; Class
7- 9
1
10-16
50c
8-
6c
,
15c
15c ,
V
15c
15c
25c
$1.31 V*
'
45c
'.A
45c r. 8-16
"
40c
9-15
is—' $1.12'A
9-1
—
common
Dry
Richfield
:
Co,
preferred
common—.—
7-17*
1
12'/2c
27'/2c
25c
10c
31'Ac
25c
Co
8- K.
8-16
9- 1
9- 1
$1.50
15q
40c
Corp,
preferred
5%
7- 9
9-
11-
$19c
$31'Ac
$2.50
(quar.)
8-31
1
25c
preferred
Co. (quar.)
preferred
5%
9
8-
2d.*_-i-i——2s
(quar.)_
Mfg.
Rice-Stix
7-15
2
8-
8-13
&
Gas
Northwestern
Noyes
9-10
,
8-
25c
(quar.)
7-1# /
9-13
91'Ac
(quar.)
preferred
Signode Steel Strapping—
Common
(increased
(quar.)
8-13
9-
.—
convertible preferred (quar.)
Republic Drill & Tool, 5% prior pfd. (quar.)
6%
preferred (quar.)
——
Republic Investors Fund, common....——
8% preferred A (quar.)
6%
preferred A quar.)
6% preferred B (quar.)
>v
6%
preferred B (quar.)—
Republic Petroleum (quar.)>
;
Revere Copper & Brass, 5'A% pfd. (quar.). Reynolds (R. J.) Tobacco Co.j com; (quar.)*
4'/a %
.
-
(quar.)
-_i
i._,
7-20
9-13
Lines—
preferred (quar.)
Northwest Airlines, Inc.— .
4.6% convertible: preferred
Northwestern
7-26
5
8-
:•>•_
_
3%%
Northwest
8-
v
(Hartford) —
Co.
LLJJLL
Greyhound
8-31
$3.50
60c
Insurance
8-31
9-20
$2.25
(irreg.)
(s-a)
Gas
Resumed
Northland
7%
9-20 t
•'
Consolidated
Oil
American
North
9-20
:
of
each
$2.10
12-16
$1.50
$1.37'/2
5%%
North
1
12-23
.7-20
Southern
(C. A.) Co., class B common
—$2 preferred series A (quar.)..-.
Regent Knitting Mills. Ltd.*$1.60 non-cum. preferred (quar.)
$1.60 non-cum. pfd. (quar.)
Reitman's (Canada) Ltd, 5%
pfd. (quar.).
Corp.—
preferred (accum.)
preferred (accum.)
6%
10-
20c
„
American Investment
North
9-21
7-23
—
Reed
:-
v
preferred
8-31
8-31
Rapid Electrotype Co. (quar.)^_————25e
Raymond Concrete Pile, common (quar.) L- 50c
$3 preferred (quar.)
——
75c
Rayonier, Inc., common (quar.)
25o
$2 preferred (quar.)
50c
Reading Co., common (increased) —.......
50c
7-15
(quar.)
Ltd.-
for
7-15
$1.06'/4
dividend)
v
1
8-
.
Indiana—
of
share
a
(quar.)
(quar.)
Co.
(stock
of
com.
-*
(quar.)
Co.
&
7-20
8-10
(s-a)
A.
9-15
50c
$1.25
$30c
55c
(s-a)
of Colorado,
holders Tax ot
7-16
8-
$1
Service
Ltd.
2
9-15
•
7-15
.
$27'/2c
.Class ■ B
(s-a)«-AU-.--—4.——' $75c
Extra—
—;
$25c
Shellmar Products Corp, com. (increased)40c
43A% preferred
(quar.)
593/sC
Sheraton Corp of America, Gommon (quar.)10c
Shirriff's, Ltd, 24c partic. class A (quar.)—
$6c
5%
preferred
(quar.)
—
$25c
Sierra Pacific Power,
common
40c
6%
preferred (quar.),v
$1.50
8-1
^
1
preferred series A (quar.)
Winnipeg Brewing, Ltd.—
,
7-16
8-
Ltd.—
1
50c
Railway &
7-16
8-
$1.25
Special
Norfolk
8-
$1.25
$1.25
9-
8-
8-
&
Class
8- 1
5c
A (irreg.)
Shea's
1
2'/ac.
12'/2c
25c
90c
75c
1
4%
5
9-
23%%
Products, Ltd, class A
Light Securities, com. (quar.)—
4% preferred (quar.)
Rand Mines, Ltd.—
Less South
African Non-resident Share¬
7-22
:
7-30
Qulnte Milk
8-16
40c
•-
Niagara Hudson Power Corp.—
5%
1st preferred (quar.)
5% 2nd preferred series A (quar.)
5%
2nd preferred series B (quar.)
Noranda
9-18
10-
7-2
8-12
2
7-15''
Dohme, $3.50 preferred (quar.)_
Shawinigan Water & Power Co, com. (quar.)
8- 2
8-
1
'
(quar.)
Acceptance
Leather
Sharpe
7-15
26c
20c
(quar.)—
preferred
Roebuck
Seton
8-16
8-10;
8-
3
f
27%o
55c
85c
85c
preferred
A
(quar.)
Banknote Co, common (quar.)
preferred (quar.) a
Security Insurance Co. (New Haven)—
Quarterly
Selby Shoe Co,__»^
8-8
10-15
8-16
Co;
5%
11-5
;
1
$1
8-15
30c
$1.50
9-
9-
$20c
$10c
50c
Security
11-15
2-
7-30
1
(quar.)
convertible
Securities
2-15-49
Quaker Oats Co, 6% preferred (quar.)
Quarterly Distribution Shares. Inc. (quar.)_
Quaker State Oil Refining Corp
Quebec Power Co, Ltd
——
6-23
9-
Merchandise
York
New York Power &
7-20
50c
Qhicago & St. Louis RR.—
8% preferred A. (accum.)
——
New York Dock, $5 non-cum. pfd.
(irreg.).
New York Fire Insurance Co.
(s-a)—
1-49
12-15
$2.50
50c
preferred quar.)
Puget Sound Power & Light (quar.)
Pullman, Inc.
(quar.)
Purity Flour Mills, Ltd, common (s-a)
Redeemable preferred
(quar.)
*.——
New York
9-15
3'/2%
2
7-15
2
8-
7-27
10- 1
(quar.)
preferred
Water-Co.
,8-31
$1.75
(quar.),
preferred
•
York
8-
50c
;
8-2
(irreg.)
B
4y4%'preferred
Public
7-16
9-30
—
8-16
8-16
(quar.)
Co.
Co, class
6/100
9-15
(increased)
Casualty
5%
Gamble
&
8-1
8-15
25c
;
6
(quar.)
3.60%
Edison,
6- I
8-15
25C
■
6
Corp
Steel
Common
600
,
;
(accum.)
A
(J. J.)
Newberry
New
class
Amsterdam
New
$1.18%
preferred (quar.)
Meter Co., common (quar.)
preferred (quar.)
6
1
Co
Electric
5'/2%
$75c
'
7c
4%%
Inc.,
Bros.,
Neisucr
8-20
8-
(quar.).___.^.j.^—"
Inc.
8-15
$1.06 y4-
8-20
9-
10-
Corp
3.65%
1
7c
Co, Ltd, common (quar.)
5% preferred (quar.)
Seaboard Air Line,
5% preferred
Seaboard Container Corp, class A
7-26
1
9- 1
8-
7-30
10c
Scythes &
25C
Extra
Portland Transit Co.
25c
Scranton
7-26
25c
(final)
receipts
7-30
■
7-23
8-
Co, Ltd.—
deposit
Dillon
Mfg.,
8-
8-
•
60
Co.,
Scovill
92'/2c
$1.10
$1.06'A
1
;
Ltd;, class A
preferred
Scotten
8-
:
120
preferred
8-20
9-15
9-1
—
70
4%% preferred (quar.),
(quar.)
National Vulcanized Fibre (quar.)
Neunun-Marcus', 4'A% preferred (quar.) —
Tea
3.8%
9-
10-
$$1.50
50c
11-29
9-
(quar.)
preferred
$3.40
9-1
Gear Co
8-15
I
Shares
Trade
Retail
National
7-16
1-
8-27
12-15
$1.10
(initial)
Distillers
$3.40
5c
Metals
12c
Shares
Equipment
Railroad
$1.25
$1.25
15c
''
(quar.)
preferred A (quar.)
Paper Co, common (quar.)
Scott
9-1
(s-at
Valley RR.
7-30
Railroad Shares '
8-
25c
8-15
Series—
Stock Series —A——;-—•'
Selected Group Series
7-15
20c
6-30'
9-13
5%%
7-20
8-
6-30
•
Schwitzer-Cumrains
25c
lOo
Stock
Preferred
1
8-
B
Schenley
1
8-2
62'/2C
Company
American
•
9-
9-
9-
2
8- 2
,
'
common
Class
8-16
—
Pinchin Johnson &
———
7-20
9-15
Co.—
7c
Series
Balanced
8-
preferred
Scarfe & Co,
9-15
Paul, Inc.————————— '
30c
Pfaudler Co. (extra)
'
50c
Phelps-Dodge
Corp.
——$1
Phillips-Jones Corp., 5% pfd.
(quar.)—$1.25
Philadelphia Electric Co., 3.8% pfd. (quar.)
95c
4.3% preferred (quar.)
$1.07'/a
4.4% preferred (quar.)_
^^$1.10
Philadelphia Insulated Wire
,Z«,—25c
Philadelphia Suburban Water, common
20c
$3.65 preferred (quar.)
91'Ac
Philip Morris & Co., Ltd.
$3.60 preferred
(quar.).l^
—- 90o
4%
preferred (quar.),..$1.
Phillips Petroleum Co. (quar.).^
75c
9- 3
1-2-49
8-16 ;
Peter
12- 5
1
7-30
8-23
(quar.)
Bureau
Permanente
12-8
10-
$15c
Linen Service, common
&
Permutlt
12-13
8-16
New
62»/2C
Perkins Machine &
1
10-30
8-
$400
S
9-
(quar.)
Sayre & Fisher Brick Co.—
7-30
>
7-19
1
(quar.)
common
■"7-14
10-
$$1.75
(quar.)
4.40%
8-16
—
.
8-13
——$150
6% pfd. B (quar.)
(quar.),
5%
preferred (quar.)
National Paper & Type Co.r common (s-a),
6%j
8-10*
1
8-16
1
A
Paper,
■7-14'
,
8-^,9-w
v
$$1.07
:
preferred A
Sears
preferred (quar.)
Pennsylvania Coal &. Coke
—-Pennsylvania Electric Co.—
3.70% preferred C (quar.)
—
4.40% preferred B (quar;)--,—————.
Pennsylvania Power, 4'A% (quar.)
Pennsylvania Salt Mfg. Co, common
Peoples Gas Light & Coke (increased quar.)
'
$15c
4%,% /preferred
•
7-20
8-
$1.50
$2.50
--—
Class 8
National Lead Co.,
/ National
2
9-
e
(quar.)
Class A
8-16
9-10
20
20
(quar.)——
Olass A
v„-
9-10
7-30
7-30
9^
preferred
Regis
•Extra
8-16
(quar.)
7-20
8-11
20%
%■ ]
6-10
8-11
•vV'$5':
—
1
8-
1J
8-
25c
(stock
1
7-10
8-17
a20%
75c
Shops
9-
8-16
$15C
(initial)
Louis San Francisco Ry.—
i 5%
8-28
$1 preferred (quar.)
—
$1 preferred (quar.)——
i
Penman's Ltd., common (quar.).
9
7-
8-
Power__
8-13
12-
2
8-
13C
Co,
preferred
5%
7-15
2
8-
$1.50
31'Ac
(quar.)
(quar.)
preferred
$1
St.
7-30
$1.06%
Corp..
Telephone
Peninsular
8- 2
*
•
—
Corp.
3%
non-cum. 2nd preferred
5% non-cum. 1st preferred
National Hosiery Mills, Ltd.—
;
common
Peninsular Grinding Wheel Co.—
2
$12'/2c
(quar.),—$15c
Common
>.
Cement
Peerless
7-31
7-23
8-
>8-15
75c
10c
10c
25c
:
(quar.)
preferred (quar.)
? 8-10
(quar.) —l—-----—---Av/$1.06
Distillers Products Corp. (quar.) —
50c
Drug & Chemical Co. of Canada—
National
——
2
8-
7-21
40c
$40c
preferred
1
preferred
4%%
(Increased)
Reel Co.,
7%
2
8-
$1
$1
—■
preferred Hquar.),——
Patino Mines & Enterprises Consolidated, Inc.
Stock
dividend
(One
share
of Paticon
Co., Ltd. for each two shares held)i_i
Peabody Coal Co., common (irreg.;—
11-23
—
B
7- I
9-10/
12-10
250
&
7-15
9- 1
25c
dividend)
Saguenay Power, Ltd, 4'A% pfd. (quar.)__
St. Lawrence Flour Mills, Ltd, com. (quar.)
9-15
'8-25
34/sc
37yac
8c
75c
$4.25
Co. (quar.)
15C
Co.—;
- '
80C
National City Bank (N. Y.)
National Container Corp. (Del.)—
30c
Common
(quar.)—
4%% conv. preferred (quar.)—
$0.296875
National Cylinder Gas, common (quar.)—
20c
Class
7-31
1
Paper
Saco-Lowell
7-31
8-14
.
.
(initial)—
(quar.)
Parkersburg "Rig &
25o'
common
8-14
10-
-
SDAc
Ltd. (quar.)
(quar.)—————:—.«
& Co., 40c pfd. (quar.) —
C.)
(S.
Common
9-16
12-16
National Chemical & Mfg.
'4,
"
Machinery
Parker
8-
7-15
7-15
St.
Page-Hersey Tubes,
Park & Tilford, Inc.
8-16
:
$1
!
Ltd. (quar.)
Rolls-Royce, Ltd.
(ordinary)
(interim)
Rose's 5, 10 & 25c Stores
(quar.)___.
Rudd-Melikian, Inc., class A (Initial)
7-15
8-14
8-14
& Gas
Package
9-12
8-14:.
:
$1.25
(cash dividend)
8-16
12-12
Register
Cash
Oil
40c
(quar.)
preferred
national
(Del.)—
Co
7-20
75c
7-19
Development Corp
10c
Pacific Power & Light, 5% pfd. (quar.)—$1.25
Pacific Public Service, $1.30 1st pfd. (quar.)
32'/2c
8-14
-
2
Stock dividend
Pacific
30c
(increased quar.)
national Battery Co.
7%
"
8-14
25C
quar.)
7-19
8-
75c
(quar.)—
pfd.
(quar.)—
5%
Electric,
Lumber
Pacific
-
50c
Aluminate Corp.
National
f
i
35C.
Nash-Kelvinator Corp.
Hathau Straus-Duparquet
national
&
Gas
5'/a%
8-14
56V4C
8-2
35c
-
—
Rolland
20c
(quar.)
preferred
Pacific Mills
12C
(quar.)
8-10
$1.25
Co
Pacific Finance Corp. of California
1
120
m
8-10
20c
Glass
1
9-28
Ages
9-10
$1.12'/a
Company
1
12.28
of
9-10
$$1.75
(quar.)——
10-
$1.50
$1.50
preferred (quar.)—
preferred (quar.)
Mutual Telephone Co. (Hawaii) —
4.60% preferred A (quar.)
4.80% preferred A (quar.)
Wacrwgansett Electric Co.. 4%% pfd.
Narragansett Racing Assn.__.
«%•
Rock
8-20
V.
$100
7-30
2
8- 2
8-
$1.25
i
''
8-23
;
Corp.—
(quar.)
Corp. (quar.)
Quarterly
Rockland
Light
J25C
:
10-
$7 preferred (quar.)—
$1.75
Muni,sing
Paper
Go.
•«
s- •
5%' 1st preferred
(quar.)
—
'25c
Murphy (G. C.) Company (quar.)—,.——it :37VaC
Muskegon Motor Specialties, class A (quar.)
50c
7-17
;&8- 2
8-31
$25c
(quar.),
com.
4y2% pfd.
& Mfg. Co
Marine
Owens-Illinois
Mfg. Corp.,
Mullius
-
'
Outlet
lc
'
Gas
$5 preferred (quar.)
Mills, Ltd. (qu&r.)„__.i
"preferred F
50c
class A-^,,,—--------
Osgood Company,
9-15
lc
.
Ltd.,
Oswego Falls Corp.,
8"
Rochester Gas & Electric
7-30
Valley
25c
7-15
7-12
62V2C
conv.
7-30
8-16.
Grande
50c
(quar.)^—i-,
(quar.)
8-
5c
•
-.
8--
66'Ac
pfd. (quar.)
Mount Diablo Oil, Mining & Development
Co.- kquar.) :
—
Morrison-Knudson Co., 5%
8-
t$1.75
$2
8-16
Rio
25c
:
class- A
Products,
;';-,:;"Extra 'i
;7%' preferred
8-31
75c
$75c
$25c
t$1.75
-
(quar.)—
preferred A
10-
'
9-15
Cotton
15c
"
i--'
Steel
Ontario
8-31
r,
7%
$2.28
10-
•
Cement,
Robinson
.
7-16 :
8-
Riverside
8-15
$0.59375
$1
——»
7-16
8-
$1.25
Corp. •
.Extra:
Oliver United' Filters,
7-15
.
8-15
40c
'
8- 2
5%
series A preferred (quar.)
Company (quar.)-i._,_,-.
Industries. Inc., common
'Oliver
7-30
8-15 i
7-21
6c
'•
4%%
Olin
1
Payable of Rec.
Share
4
*
8-
50c
common
Okonite
_
:OV\/V) ''"V
(quar.)
i.-.——
$1.25
preferred (quar.)—1
$25c
Monarch Knitting Co., Ltd., common-——
$$1.12Va
4%%
preferred (quar.) .A—i—
Mouongahela Power, 4.8%
pfd. (quar.) — c'i $1.20
4.4%
preferred (quar.)__.
————-'•/ $1.10
Montana Power, $6 preferred (quar.)_
$1.50
Montreal Cottons, Ltd., 7%
pfd. (quar.) —
; $44c
Common
i
V' ,r
9-15
,
Natural Gas,
*Name of Company
Holders
When
Per
Holdert
■-
Payable of Rec.
50c
—
:
■
.
25c
(Increased s-a)
Ohio Casualty Insurance Co.
Ohio-".Oil Co.. (quar.)
250
Pacific Grain, Ltd
Midwest Rubber Reclaiming (quar.)
MUlec & Hart, Inc.
Midland &
When
•
.
Share
'
'
Name of Company
Monday, August 2, 1948
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(486)
50
•>
.
9- 5
i
'■
7-10.
7-10
9-15
12-15
j
i'
7-3(y
7-
7
'
7- 7
7-30
'
9-17'I
8-13
7-20' v
'V
Volume 168
•'
,«•
~v,
.
Struthers
,v
$1.25
'
*!
Name of Compaw#
>r ist'roocfc :(S»)
„•
kM-
') • Ht-ffa to,
*-it''Xti,
■
Number 4721
.
!■&■
v.v:,:(?r-f.>.:■'•!;
■ ,•;
'
r
Share
Wells
Corp.,
'preferred
•
'
'
.
8-
3-16
9-
_
*
The
9- 1
8-16
8-2
8-16
7-19
$1.12 Va
8-2
7-12
"5C
8-16
37'/?c
8-16
8-
2
*
15 6
8- 2
7-17
•:
2
6-17
$1
$1.25
Cotton
40c
Common
•
i
preferred
'•
.
9-15
9-15
8-26
2
7-10
>■
8-
2
7-10
10-
1
9-
8-
2
.
62%'c
.:
v
Toledo
*.
Edison,
Trade
Bank
4y4%
& Trust
prererred
Co,
(N.
12-15
4-
6-25-49
,
South
La
Salle
Street
'•■■■■■
;
8-
&-13
4
8-
2
$5
s
Wilcox Oil
Wilson
:
$4.50
preferred
preferred
preferred
$3.70
$3.50
8-rf
8-io
25c
11-15
11-10
6%
«
7-16
3.60%
United
Artists'
57c
United
10-
1
9-18
9-10
Wood
Biscuit Co.
United
of
United
i
convertible
-
9
7-10
50c
America
8-
9
(quar.)
9-
1
United
Drill
Class
B
&
,,...
1
9-
87(40
8-1
7-15
38c
8-15
7-15
7-31
8-
1
7-13
Common
10C
8-
1
7-13
prior
58MSC
prior
58ysc
19-
53c
8-
7-15
'53c
.9-
8-16
53c
10-
50Q
8-
'7-15
50c
9-
8-16
50c
10-
475c
10-
preferred
(monthly)
preferred (monthly)
:—
preferred (monthly)
6.36 %. prior preferred
(monthly)...
prior preferred
prior preferred
6%
prior
6%
6%
prior
preferred
prior
0%.
class
United
(monthly)
(monthly)..,
preferred
(monthly)
Investments, Ltd.—
A
Growers, 5%
Illuminating Co
£ United Specialties
preferred
A
'1
(s-a).
Co.,
5%
preferred (quar.)
United Utilities & Specialty Corp.—
£
Common
t
:
5%
iquar.)
S.
U.
S.
U.
S.
U.
S.
Guarantee,
U.
S.
i
(quar.)
Insurance
Co.
G.
8.
U.
S.
7-21
8-10
8-
2
2
7-
8-
9-30
9-
9-
$1.06,/4
Universal
Leaf
Tobacco,
-Extra
50c
1
8- 2
70c
_...
^
-
A,/4%
Products,
Universal
:
90c
5%
5%'
Inc.
<
Peninsula
Power
preferred
prior
-
8-
5%
preferred
preferred
Extra
r
v
7-14
Net
Other
vvc!»
(quar.)
Co.—
operating
1
8-31
Int.
9-
I
Pfd.
8-
1
l9r i
9-20
62 (Ac
1-2-49
7VaC
8-
2
$2
8-
1
Sugar
$1.25
9-10
12-10
12-1
50c
8-
2
—
8- 2
Special-
f
Warren
Brothers
-
$1;
9-
1
9-
1
the
8-
2
20C
9-
1
8-13
30c
9-20
9-10
6
-85c
$40c
Common
VTashirigton Gas Light,
.;
preferred
(quar.)..:
preferred
(quar.)
Waterous,- Ltd, class A
.
Motor
Wellington
Wellington
Fire
Co.< (extra)
Insurance
1C-.1
•
share
will
The
8-
Westchester
2
9-
1
8-
2
10.
The
7-15
8-10
7%
West
7-24
J 20c
8-15
25c
8-30
8-16
8-
$23
—
Mfg.. Co.. (quar.)
Insurance
—-
Co.
(quar.)
■'K
7%
lt,;6%
West
prior
oreferred
Electric
30C
2
7-31
8-12
1
(quar.),
preferred
10c
8-
2
.
$4,313,383
1,059,494
4,103,989
3,446,050
$296,667
$257,928
$893,329
$867,333
2
8-30
312
;
$258,072
37,648
43,053
8- 1
7-18
1
$1.75
$1.50
75c
preeniand Oil Co. (stock' dividend)
Co.".
of
Com.
amended
meeting
Changed
July .10,
on
held
,
July
1948
9, ^1948
for
the
of
110
first
v-
feet
three
of
calcining unif, is capable-of pro¬
perlite per hour. The plant"s entire
weeks
has
•"
-
already
:
been
sold
Mr.
>■,-
*■
Ward
.
called foi*. redemption on Aug, 27, next;
$13,477,000
trust, sinking .fund
bonds due July, 1,
1961, >at
collateral
and
interest.
Immediate
interest
to
of
New
York,trustee,
payment
of
the
27, 1943-wi)l. be
Aug.
called
bonds
at
The
full
made
First
redemption
price,
upon1 presentation
National
Bank
the
of
2. Wall
St,,. New York, N.. Y., -or,.>at: the
of-the respective holders
thereof, at. the Continental Illinois
National Bank & Trust Co., 231 So. La
Salle, St., Chicago, HI., or ..at
the Farmers Deposit
National Bank of
Pittsburgh, Wood St. and Fifth
option
1,536
$893,641
Ave.,
Pittsburgh, Pa.
Dissolution Order
$868,869
166,156
196,907
245,119
$229,869
$165,750
$639,736
$426,842
'
ari
The
of
issue
and
sell
$12,000,000
common. stock
Walter
H.
its
and
gas
Sammis,
to
first
President,
properties
,
erty
to
without
the
due
.
con¬
f
by
...
the
Ohio
be
can
Commission
offered
stockholders
to
and
the
SEC
needed
are
7-19
8-16
8-16
,
be
seven
at
fractional
mailed
$27.50
shares
to
share
per
outstanding.
share
on
the
Under
subscription
8- 2
investment
adjacent
from
one
of
Power
to
this
scheduled
the
A
,
.
S
50$
8T14
,';>2
$1
9-15
Net
8-31
t
the
Fifth
Amendment
Commission's
-
0.
,
j,
actions."
■-
.V
.
^Electric Co.—-Weekly Output:—
basis
the
warrants
of
one
proposed
in
j
••
'
•
>
new
l»v v;„-
'J-""".'
.
in
which
line.
James
transferable
and,
financing
will
the
does
business
:
be
stock
common
required
;
in
.
M.
Parts
■
Skinner,
Division.
Jr., has been appointed Vice-President,
-He:,will direct, the" nationwide Philco
organization and also, ba in
charge of all ^arts-sales.
Since
1945, Mr. Skinner has been General
Manager
pany's accessory, division.—V.
168,
of .its
Philip Morris
,
"
for
estimated
for
completion late
-
.
.
..
^
in
1949
and
the
railway
railway,
from
_____
incomel'I*-
;
.1946
14,546
494,378
5,236
191,302
frqip. frailway„
Net ry.,i oper.
'
income—
"Deficit.—V.
f68,
p.
154.
52.630
141,781
42,192
'
39,535
'661,014
<
164.115
;
the
.
297,301
•
•98,036
1947
______"$5p,689,000 $42,857,000
increase
in
domestic
sales
alone
of
$7,773.000,; or
.
commenting
pa,
this, "upward
output
week
of
the
operating
Co.^Weekly Output—
companies
served
by
this
ended
company
,
t
Pittsburgh'Consolidation C6al fcp*-—Plans Issue of Additional Common Stock and Notes to Acquire Coal Lands
f;v'The
'490:994
;«
1948
July. 24,-1948, totaled 258,909,000 kwh., as com¬
pared with 216,318,000 kwh. for the
corresponding week last year, an
increase of 19.7%.—V.
168, p. 350.
"
-
405;354'
com¬
'y*
.
v
Pioneer Service & Engineering*
27,709
"5,929
^
trend,in
Philip Morris sales," pointed to the fact that in the
preceding quarter
March 31,
1948,. sales totaled $41,224,000,, representing a gain
$3,727,000 over the 1947 same quarter total of
$37,497,000,»or
approximately 10% higher.—V. 168, p. 350.
'
1,901
service :
the
of
other
1—,;
railway
.'.'y
Service
ended
$87,724
8,181
an
of
Co., Ltd., Inc.-r-Recofd J&lesr-
_
1948
■
■
$64,606
&
approximately 19 %v
Afred E. tyon,
president, in
Electric
15,837
,
155.
v'
rr________-.
•Represents
?
~
i'941
$^8,160
•
"j.
Quarters Ended June 30—
.
Sales
;■
,
Ey.—^Earnings—^
$90,777
40,064
_
p.
"
western
.
''
Philco Corp.—New Vice-President—
plan,
.
$900,000
Co.,
Ohio
1948
>
from
Front Jan.
7-16
,
cash
proceeds
(Tune—j
Gross
of
the
electric "output of this
company and its subsidiaries for the
ended July 24,
1948 amounted to 136,923,000
kwh., an increase
10,632,000 kwh., or &.4%, over the
corresponding week of last year.
—V. 168, p. 350.
stockholders.
common
Pennsylvania
•••Net'ryt, oper.
7-19
of
of
V±
common
Net. fronj
violation
week
before
investors.
Commonwealth
River,
Gross
4
in
reason
•
Philadelphia
on
law
of
process
Constitution
—V. 167,-p. 2472,
mortgage
announced
,
Declaring that fts system is
that
Congress indicated should be dissolved under:
the
Public
Holding Company Act- the company
charged that "petitioners
and their respective
security holders are deprived of liberty and
prop¬
SJock-A,
provide funds for
<.
,
Court of. Appeals to dismiss an
directing the^ company to divest itself
and dissolve.
not the type of
holding company sys¬
transportation
tem
Sale of Bonds and
"
Utility
appUcatiQn with the Ohio Public Utilities
to
"
Appealed—
company. has• asked, the U.-S.
order handed down
by the SEC
$671,962
Oklahoma City-Ada Atoka
'
Coal
minimum
a
4(4%
City
for.
7-16
9-13
Manufacturing—.——...
Westmoreland
was
stockholders'
.
$296,767
early in 1950.—V. 168, p. 154.
.
—
Inc.—Par
the -ifiome* ihsurahcc
168, p. 254,.
launch
-..and surrender of the
7-16
17(4C
(quar.)
Westga te
special
■
trustee.—V.
a
incorporation
the
director of
a
Manufacturing Co. of Carnegie, Pa.—Organized
...plus accrued
1948—12 Mos.—1947
144
•
103(4
Co.—-Earnings—
-
Ohio
7-20
8-
•
Co.*
preferred
Point
'8-2-
•
-35c
(quar.)
registration ijtat'ement;.withi. the
a
Philadelphia Co.—Partial Redemption-
87,750
.
7-31
v
8-20
12y2C
—
V
Penn
of
by
The company, has
14)
page
Ohio
Edison
Co.
is
building ..a
44,000-kilowatt
addition -to
its
Gorge steam-electric generating plant in Akron and *a
23,000-kilowatt
addition to its Mad River power plant, in
Springfield, both of which
are expected to be
completed this fall. The company is also construct¬
ing two-60,000
kilowatt power units at its
Toronto
plant; on the
7-24
8-10
$1.75
Extra
'•*,
20> filed
shares of common stock (par
$1), to be offered
share.
Proceeds will be used for
development and
gold mines.
'
reports:
property additions in 1948 and 1949 by Ohio Edison Co. of
approxi¬
mately $35,000,000 and by Peensylvania Power.,.Co. of
approximately
$4,000,000, which it is contemplated will be
necessary..,to. meet in¬
creasing demands for electric light and power service.
1
$i.i2y2
—
__—
Can;~ReiisteT3
raw
output
$727,486
and
subsidiary,
8-16"
10-15
$i.06y4
West -Virginia.^ Coal & Coke Co.:—
West Michigan Steel Foundry—
"
Lt^M Toronto,
155.
p;
to
ducing
49,268
Pennsylvania,
7-20
(s-a)
Mills
Fire
Gold,
.
2
8-
37y2c
-
additional $24,000,000 under
an
.
49.
additional
an
"
i, Wentworth
borrowed
,
.
& Southern* Corp.,
majority owner of the'com¬
stock, proposes to purchase its proportionate part,
amounting to 256,549 shares, of.the additional sharfcs.
:vV"»\V
As a part of the financing
program the Ohio Edison Co., will make
9-14
20c
—
4
'"L
production, of .perlite in the
East.;
„
perlite, a glasseous -volcanic rock, is
imported from the
Rocky Mountain region, pulverized, and
heat-treated
(or "popped").
The company's
furnace, with one
$215,018
for, each
form
9-14
8-18
1
(quar.)
$4.25
Waukesha
*
-35c
common
of
the
2793.
p.
company to
process
and
distribute perlite—the
developed "featherweight"
building aggregate—has been an¬
nounced by T. Crtleman
Ward, Jr., President.
v-*«#The. companyfcbegan full scale
produfrtion*«t its plant in
Carnegie,
Pa., near Pittsburgh, early in
July.
It
i$ believed
to be
the first
company-plans to sell the bonds, maturing in not less than
through competitive bidding, and to offer the 285,713 shares
pany's
9
62yac
.$4.50.
1
10-
10-
—
timetable >for
167,
,-Formation. of;.this
>
years,
full
7-30
25C
(quar.)
"because
recently
*T*
29,250
of
common
share
8-10
8-20
20c
1
wt,:
9-10
20C
Petroleum Corp. (quar.)
Waterloo, Cedar Falls & Northern RR.—
>•
10-20
$1.37'/if
class' B
plant
..-The
to
7-15
(Increased quar.)
Detroit
per
certificate
Perlite
*•
.
$259,119
purposes,
30
8-18
8-
Warren
\
'
,
_L_
securities
-The
8-20
8-27
37'/2C
Cquar.f
Co,
•
July 23..
7-28
^•15C
i.———
preferred
at, the
,7-15
-*"<'-$?
•
•
1,243,770
-__v
struction
7-15
8-14
t3iy4c
—
y.
,
wero
authorized
V, 168,
7-15
8- 2
requinnts.
168, p.
Approval
r;
corporation
>
•
B
Ward Baking Co, common
Vsr %.
3
8-
$4,997,319
bontlq and 285,713 shares, of
7-15
$6
^
: 5
7-15
,
The coqipany has tiled,
Commission for authority
9- 1
$1.25
—
^
8-13
7-'^
:
8-2
$1,317,421
jQjfiio Misori t)o.—Plans
7-16
-5.-'
(quar.)—
on
so. ,as
to change the common stock without
par
value
to
common
stock of the par value,of $1
per share.
This change reduces Federal
taxes on the transfer of
shares of common stock from
5c-per share
without
par
value to 5c per $100
par
value or fraction thereof.—
;
1948—3 Mos—1947
deducts.
income
stk. div.
—V.
,7-15
v
'
Dare
class
8- 2
7-?15
.
12-21
50C
Co.,
9-15
5c
.
■
.
$1,540,437
__
other
..
■
tax.
100
Balance
.V
'
f/
'
r
vyl.
Pennsylvania Industries,
as
7-23
62V4C
-
&
8-2
to1*
income
income
and
Net
8-16
V*
.j...
$1.31(4
—
Walker
9-17
v*"-far.v ,v>-.^
income
Gross
8-16
9-10
?
;
.
10
-
'
9-
22V2C
•
r.
Stores, class A (irreg.)
Virginian Railway, 6% preferred (quar.)...
J Vogt
Manufacturing
Corp. (quar.)
'
Vulcan Detinnlng Co.
V-'..:' - Common
—,
y.j:>7% preferred; (quar.)
1
Waite Amulet Mines, Ltd
r,
V
-
the
cents
\v The
.
Virginia-Carolina Chemical Corp.^-...
6% .participating preferred (accum.)
V" Virginia Coal & Iron
Virginia Dare, Ltd., 5% preferred (quar.)_
Virginia
eA
income
Period End. May 31—
Operating revenues
Oper. exps. and taxes.
7-14
2
50c
(quar.)
(quar.)^,—.
Vertientes-Camaguey
•,
10- I
$1
Northwestern Public Service
8-23
;
2
8-
$1.06(4
—
(quar.)
prior preferred, (quar.)
i',5%
9-10
50c
(quar.)_____
(Continued from
•
;
1
56y4c
Winding
convertible
5-31
10-
Invesiment News
-7-20
9-10
2§o
(increased)
Co.—
preferred
6-15-49
c«
.
Utility Appliance Corp. (quar.)—.—
Valspar Corp., $4 conv. preferred (s-a)
Vapor Heating Corp. —
•
'
x
General Corporation and
11-30*
8-2
50c
(quar.)««
5(4% preferred (quar.)
Utlca Knitting Co.—
.
Jamaica
7-15*
12-20
$1.50
Co,, Inc.—
preferred ,(quar.)_„.
4 Universal
Upper
pfd. dquar.)
common
2,-28
of
—-
Pictures
•■<*>(»*•
8
V
Co.
.
,
conv.
12-15
3-15-49
10c,
,
7-30
Universal
Fields
if
,v
built
.Harold .V. Smith; President arid
of New York, has been elected
>.
,.
8-20
r
.
8-16
k
Gold
British.,income
1
Sept.
349.
p.
*V'r.,*
Penn Mutual Life Insurance
Co.—rNew Trustee—^
11-20
,.8-31
11-30
25c
.'
.
$6
1
9-15
7-15
2
be
agreement
there
exploration of
^ 8-20
10c
;
30%
'
■
—
covering 986,795
The
8-23
Corp.,
12-
10c
v
x Less
30
45
10-20
25c
—:
""a Less
*
>9-20
1
10c
7-15
8-15
9-10
Stores
1
1
11-
7-26*
8-
United
.
9-
10-
25c
common
at
7-19
7-26"
$1.75
New
•
8-
25c
v
7-15
June
SEC
;,-
.s
2
-y.
-..
25c
—
^
will
The company, on 4uly
•
Transfer tooks not closed for this dividend; -tPayable In U. S. Funds, less 15 7c Canadian non-residents' tax.
IPayable in Canadian funds, tax deductible at the source.
Non'-resident tax 15%; resident tax 7%.
:
9-13
6% preferred (initial
quar,)..^.^
76c
U. S. Rubber Co., common.....:
; : $1
*:8 %1st; preferred—v? $2.
>
•
c
25c
—
—
"
168,
Airways Corp.—Add'l Bank Loans—
Pari American
With SEC—
1
^
.
fl *
111"
U.„ Com¬
due Sept.
1
9-
*
7-31
50c
..
9-
9-15
.
9-10
50C
——---
Radiator Corp.—
Co.—
Consolidated
Co.
P.
about
'
9- 1
.
9-15
Zeller's, Ltd.* : Commori^:«»^:I_.A.-,w«----—
37 y2q
•
5% preferred (quar.)______3iy4c
'
6%
preferred (quar.)
37(40,
8-12' •«'•> 7-21
62V2c
(quar.)_
Pipe & Foundry Co.—
Quarterly
9-20
$1.12(4
(quar.)
& Towne
Yuba
9-15
2
.r65c.
-
•
'
1
9-25
;
$1.12(4
preferred
Manufacturing—
Corp., ,4(4% preferred (quar.)
County Gas Co. (quar.)
Youngstown Sheet & Tube Co._
9-15
1
8-
10C
common..:—
Machinery Corp.—
4(4% preferred (quar.)
U. S. Industrial Chemicals.
•
York
York
12i/2c
Hoffman
Fire
Yale
offering.—V.
I
.
Car
transmission
credit
firm
I
Air Conditioning, $7 pfd.
(quar.)_—
Finishing Co., com. (increased quar.).
'
-
10-11
Common
8-16
8-12
25c
62y2C
—
—
convertible preferred
U.
7-15
9-15
10-
25c
—
•:
Transit
2
-9- 1
$1
55c
—
Extra
United
8-
Mr 1
■.
<quar,y__—_——=—
Grain
United
,
(monthly)
(monthly)
preferred
United, Fuel
>
58y3C
California
invitations
with certain
banks, dated Oct. 2t ,1946, .and on
$40,000,000 of notes outstanding. The money from
the additional
borrowing has been advanced to its
subsidiary, Pan
American'Airways, Inc.—V, 168, p. 350.
7* 2
$40c
(quar.)
Common
prior
;V'
the
35-year -debentures,
out
^
,
Monthly
Wysong & Niles Co.,
8-31
15C
In
the
June
8-10
>
8-23
-
25c
(quar.)
1
„
•.%
r
*'
-
—;
class A
9-
50c
Motor
Pan American
7-15
.:
by
$75,000,000
high, precision work involved.'i,, The production
device, first announced last May, was withheld.—rV.
7-15
2
Ltd.—
prior
Jr.,
Monthly
(quar.)
———«—,
Tool,
2
8-
of
the
7-15
8-
al3%
preferred
Monthly
,
7%
6.36%
convertible
Wrlgley (Wm.)
Monthly *
Monthly
1
7%
6.36%
prior
4y2%
•8-17
9-15
7%
'
4(4%
8-17
9-
40c
Stores—:-V
8-20
$1.25
Sub¬
.
8-16
$$1.75
;
(accum.)__
subscribed -for
by others.
,
7-31
Wool
1
25C
(quar.)...
Ltd., class A (quar.)
I
Combing Co. of Canada, Ltd._;,
,,
Worthington, Pump & Machinery Corp., com
7-26
9-
25c
preferred
United Corporation,
V Class B (quar.)
,
7-31
8-
Inc.—
Cigar-Whelan
$3.50
v
8-16
62V2C
1
8-14
,20c
common
& Co,
9-
28c
.
automatic
;
8-3
90c
been, authorized
issue
company, plans to send
received Sept. 21 on the
be
Co.
for
.
10-15
—
;Ordinary ^Interim).
(F. W.)
9-1
Telegraph
subscribed
company will spend $5,000,000 to $7,000,000 on tools
required
produce .its., automatic
transmission,
according
to
George
T.
Christopher, President and General Manager.
t
,
)
Describing the device as "entirely new," Mr.
Christopher. said the
2
10-31
t
&
were
The
to
1-30
8-
subscription
15, 537,025
shares were
Expenditures Planned
Tools for Automatic Transmission—
'
7-21
-.25c
.
James), 7% pfd.
(F. W.)
Co. .(quar.)
Woolworth
2
8-16
to
Packard
,8- 1
8-16
<
$2.50
Co.,—
&
7-31
u_—
Chemicals,
.
(Alex
8-
too
.
(s-a)
1983.t The
an
v/
7t26
7-26,
;
,
,
l4*'r'
-
$75,000,000 Debentures Authorized—
has
sell
bids
7-30
8-15,
to
15,
10-22
.8-1
of
for
„
$1.5*0
Public: Service,
preferred (quar.)_
7-31
9-15
7-23
1"
registration: >
American Telephone
company
mission
i
common—
Light
8-16
$1.25
The
ii« -
8-14
50c
V
,
(quar.),,
&
8-16
com..
11-
$1.25
Power,
92 (4c
Inc.,
Co.—
Wisconsin
2
:
8-2
12yac
...a
(quar.)
Power
Woolworth
Circuit,
9-22
$1
,
(quar.).'.
preferred
87 >/2c
(quar.)
Extra
f
.
Theatre
preferred
1-
37V2c
li...
Inc.
1st
preferred
10-
5%
(increased quar.)
10-
,
$1.75
(quar.).,,Tw
issuance
9-22
'i
Co.
,
8-23
1
In neighbor¬
system
'/*
•
520,649 shares and 16,376 shares
scription rights expired July !.■
8-16
9-10
10-
,
(quari 1•
5%
Electric
Wisconsin
25C
(quar.)
9-15
50c
(quar.).
Co,
preferred
62»/2c
.(quArOsrr-rrr~~--^^
(quar.)
Union Oil Co. of California
n'r:
Stores,
Line,
Wisconsin
Quarterly -(-increased)
Union Electric Co. of Missouri—
50c
75c
preferred r(s-a).
preferred
8-16
7-20
2
9-17
,,
*•
64,237
removed .from
The
parent,
7-24
1
.>
Mfg.
Wilbur-Suchard Chocolate
2
8-
2
(quar.)
(quar.)
Dental Mfg.
Auto
8-
20c
810-
(quar.l—
common
^
9-1
.»
Corp.
Ry,
payment clears ail
$2 prior preferred (qiiar.)
.
10c
pfd.—
lien
(S. S.)
White's
9-<3
.25c
—
1
2-1
$4 conv.' pid[. (this
;
-v5
airears$60
.8*,
7-30
§
$1.06 V4
iquar.)
S-. 2
$1.25
'i
Of the 601,262 common shafcs
(par $l6o) .offered tor
by stockholders. of record (common and
preferred) ;June
shades, were subscribed for at $100 per share and
;White-Seeing: Machine,
9-16
<v_.
Erie
Cement
25c
80c
Corp.
11-
683/4c
non-.cum.
White
8-2
8-15
'
*
Instrument
Lake
prior
7%
1
,
6-15
Union Asbestos & Rubber Co.—"
.
Electric
Whitehall
3-15
9-30
25c
(resumed).
(Dallas)
"
,
208
.
llrl5
2-15-49
i'.'ff ii.-Xfc,. J > \
v
2^ 1
$3.50
■
8-16
1-5 C
4%
.
'
Y.)
Trinity Universal Insurance
;: • Quarterly;
Quarterly
Tang-Sol r Lamp Works, Inc.,
7
1-49
10c
iquar.i,
from
the Ottawa
company except the distribution
ing Hull," Quebec, Canada,—V.
158, p. 990.
^
8-. 3
ll- l
»1.25
Extra
9-15
50c
•
Weston
7-21.
1
50C
.
Realty &
Construction
(quar.)
Securities..Trust Co., Ltd.—
V, ; ,
-:r Amer,.. deposit, receipts ordinary (interim)
Tokheim Oil, Tank & Pump Co.—,
.
•
.
«
•<.
$1.25
—
Stationery Corp.—
preferred (quar.)
Westinghouse Air Brake (quar.)
2
1-1-49
50 c
-
Tishman
v
10-
50c
—
v
»•«;
7-15
,
5%
Wheeling &
.
Tobacco
.
8-26
.
Thompson, (John R.) Cor (reduced
Tide .Water < Power..
Co.,(quar,J .J..,—
«
7-20
.
8-16
76o / ll-l$
3 76$ 2-15-49
$1.25 :
^-18
:
agreed that the Ottawa commission -could acquire
control of 17/60ths of the
power from nearby.Chaudlere Falls (Canada)
with two plants of installed
capacity of 16,000 horsepower.
' •■ '
ft The Ottawa commission now has
authority, to purchase everything
•
75o
—
Commissions which
7-12
8- 2
,
„
,
-1
,
Western Tablet &
8-
.
1
s
1
50c
Common
i
8- 1
,
^
(quar,)
5% preferred A (quar.)
5% preferred A (quar.)
5% preferred A
iquar.)
■Western Ry. of Alabama.,
75c
(quar.)
25c
,
?
Commbn
,
■
-
8- 2
1
——.
The Ottawa.,, Hydro-Electric
Power, Commission on July 22 announced
had been authorized to
negotiate directly for ther purchase of
all the Ontario assets of this
company
,
,
.
,(• The (authorization, came
from » the Ontario
Hydro-Electric Power
,
that it
8*3
•
93%0
Common '(quar.),
3iy4c
.
».
Common
v
9- 2
&
51
Ottawa Light, Heat & Power Co.,
Ltd.—Proposed Sale
;
'
-
,
8-16
-
Telephone Co.—
Western Pacifiq RR. Co,
Common (qiiar.j
7-30
•
.
-
/,
9-15
8-13
-9-1
-preferred'81(4(9
9-1
1
9*22
$1.50 5
common...^
—j;
9-
30c
iO-"i
11.12(4
•
plass, A.j:(accumj)
<>:
Western Light &
8- 2
10* 1
:
# 15c
(quar.)
.
Mills,
8-
...
.,
(487)
,H older $
Payable of Rec.
Western Insurance Securities; Co.—
'
7-30
4
,
.:;,t.$3,v76ji;preferred ■(qu$r.)l_-.-.——J*
,
15C
1
pfd.
conv.
:
8rl6
25c
(quar.)__
The)
Co.,' 82.50
Thomaston
-
Fair
(see
Thermoid
•
..
Fair
9-1
When
Share
4(4 % preferred (quar.)...
Westvaco Chemical (Jorp,—
$1.75
$6 preferred
7%' preferred
(qua'r.)_
Textron, Inc., 81.25 conv.
<■
>
5
:
;
Light,
Texas Power &
1
CHRONICLE
(quar.) I—,
98c
Weston (George),-Ltd, 4Va% pfd. (quar.)- i$1.12ya
West Virginia. Pulp
&4?aper*-i
m
-
Company
.
60c
-
FINANCIAL
i;- t-; ^■>Vi-PeiC--'.''-:
*
Name of
8-16
i20c
'•
&
Westmoreland, fnc.
8-5
(quttr,)
(resumed) Ja-J
.',6%.'(preferred (quaf.)-.^
Sunshine Biscuits, Inc. (quar.)
,«.•
Supertest:Petroleum') Ltd., 5% pfd. (quar.).
Swift & Company (quar.)_——
Taggart- Corp<Tennessee. Corp._
Texas Gulf Sulphur Co. (increased)
v
8-10
COMMERCIAL
't
7-15
-
31V4C
(quar.)__i.__________„__:
4
$4-2nd preferred (quar.)
Suburban Propane Gas Co. (quar.)
Sun Oil Co., 4%% class A pfd. (quar.)____
Sun Ray - Drug* Co.^ common
•
2
40c
common
fy&ebtricv&0cux,itiesf; cdnf; (inidafj^
'
8-
-
1
'■
When r Holdere
Payable of Reo.
.
50c
Stuart, (D. A.) Oil Co., Ltd.—
; Class* A> participating preferred
•
*
Participating- i-iU
Suburban
v
Per
/.
ACoiftpany, (iireg.)
•
;
THE
of
its
company
.has applied for listing of
common
stock
on
the
an
additional
40,000
shares
New
York Stock
Exchange.,,
v
fThe shares are to be issued in connection with the
proposed acquisi¬
tion of
approximately 19,972 acres of Pittsburgh-steam coal in Monon¬
-
galia County,
W.
Va.,
estimated
to
contain
approximately
140
million
The
Detroit, announces the offering of 125.000
residents.- This company is believed to
be the first organization in
Michigan and one of the first in the
country to be identified with atomic energy and by-products. ' It will
manufacture instruments to measure radioactivity and process radio
isotopes to be obtained from the atomic piles at Oak Ridge.
These
isotopes are useful in the fields of medicine, biology, laboratories,,
industry; agriculture, etc.
■
Incorporators were Homer S. Myers and John R. Niles, currently
group supervisors at the Engineering Researoh Institute of the Uni¬
versity of Michigan at Willow Run.
They were on the staff of the
Radiation Laboratory. of Massachusetts Institute of Technology during
nearly all plate glass products are being in¬
thicknesses of window glass manufactured by the
"firm are being advanced 10%, according to an announcement by D. C.
Burnham, Vice-President in charge of "glass sales/
Earlier in the month, the company had reopened its contract with
cents
2%
wage increase
the company
on
Co.—7,185,975 Shares Sold—
Co., underwriters, have'announced that to July 23 orders
for shares of the Playboy Corporation total 7,185,975 shares from 133
brokers.—V. 168, p. 350, s
'
•
*i
.
.
this company has been acquired by the
Illinois
Farm
Supply Co., Chicago; Midland Cooperative Wholesale,
Minneapolis Minn., and Farmers Union Central Exchange, Inc.. St.
Paul, Minn., according to an Associated Press dispatch from Longview,
Texas.
All three are engaged in distributing petroleum products to
in
farmers, serving Illinois,
and .South Dakota, Montana
Mid-West
Worth
Iowa, Minnesota, Wisconsin,
and Wyoming.
-Public Service Company
•Julie—
Net
Net
ry.
1,013,340
3,106,622
831,312
2,945,650
2,299,551
1,197,000
2,757,000
2,976,000
$2,652,432
$7,619,240
$7,170,814
307,068
536,144
1,035,161
1,044,000
$2,755,168
depreciationlocal and misc.
for
State,
Federal
Federal
taxes
Other
—
__
taxes-
income
241.819
(net)
income
v.
and
755,018
deducts.
other
$8,155,384
Net
the
now
Hampshire—Bank Loans—
proposed
The
$1,200,000 "outstanding notes as of June 15, 1948, at an interest rate,
not expected
to exceed 2%.
Proceeds would be used to carry the
company's construction program for the balance of this year.—V. 168,
Securities
The
bank
has
Commission
Exchange
and
approved
by this company pending permanent financing.
would total no more than $5,500,000, including
borrowings
bank
borrowing
Service Electric & Gas Co.—Invitation for Bids
Public
for purchase of Preferred
Stock—
June
2,
GIVING EFFECT TO THIS
,
Co.-HSells Three "Wash¬
Chelan,
related
plant
and
District.
4%
and
enues
of its customers
are
involved in the transfer.
Frank
utility
the Seattle area
surrounding
districts
*
,
"
-1
'
■»'
In June
220.
$21,767
.
•
ij.
-
,
>1
£
^
-
' f
*4 *
market
22,200 shares of capital stock was
at
average
an
price,
On
June
there
30
were
2,610,531
t2,409
306,685
539,532
330,906
t4,344
645,508
743,613
367,578
tl,445
580,592
896
1,054,170
1,883.797
1,232,901
647,316
319,908
6.242
V
1,159,937
_
.
659,828
353,766
2,992
.
1947*
1948*
♦Four
the
/
60,384
269,630
added
92,236
purchased in
p. 50.
Total
profit
income
—-—$1,156,857
74,968 :
.
expenses)
$762,825
200,000
$3.66
Net
profit
:Commonshares-- outstanding
Earnings per share
1850.
—V. 167, p.
company
order
for
$4,000,000.
The
order
has received from the St. Louis-San Francisco Ry.
additional open hopper cars, to cost approximately
1.000
The cars are scheduled for delivery next year.
brings to 1,800 the total of open hopper cars the Frisco
purchased since last September, when 800
hundred have been delivered.—V. 167, p. 2364.
has
were
ordered.
Three
—.
$487,863
•
195,721
$2.33
1943
Net ry.
1947
*
1946
$1,938,267
507,159
$2,079,213
149,101
113,821
income.
629,318
Radio Corp. of
systems
cording
end
dent
the
by
newsreels
of
for
was
the
Government
production
announced
July
by
Meade
Dividends
•
-Licensed Under
Net
ry.
—V.
13,576,725
railway—,—
from
Net
income—
oper.
Bombay.
Sylvania Tube Patents—
Sylvania Electric Products, Inc. below.—V. 168, p. 255.
Corp. — To Be Governed by
Committee of Three Until Stockholders' Meeting—
Radio-Keith-Orpheum
Earned
—V.
3,638,429
1,437,966
12,469,504
3,821,260
1,482,422
13,500.937
4,182,189
1,475,004
18,053.877
•will
The
recently
and
,
C.
July 24 that a three-man
until
Operating
1,182,906
Net
Cable Corp.—Loan Placed
President, v. It said Howard Hughes,5 who
acquired control of the studio, has concurred with the Chair¬
the
J.
board
Tevlin
ago
in
as
as
the appointment of Bicknell Lockhart,
the committee
to govern operations
Sid Rogell
temporarily.
Ned E. Depinet will continue as Vice-Chairman of the board and as
share—
Gross
:
167,
p.
1947
$4,542,278
3,506,485
proceeds of the loan are being applied to the retirement
certain other obligations and for additional working capital.
-
of
H.
In
a
In
term
chairman of the board and A. D.
Dyett,
R. Fraser, President,
stockholders July 28 stated:
report of March 31, 1948 ,we stated that our longthen $712,500 and that we were currently borrowing
annual
our
debt
was
We indicated- that we had- an option
Manufacturing-Co. of Torrance, Calif.
consigned stocks,
high cost of materials and the investment that will be
Andersen-Carlson to pay for equipment, stocks and ma¬
short-term
on
to
T.
letter to
paper
$1,000,000.
acquire the Andersen-Carlson
Because
the
of necessary
present
necessary
in
increase
in our warehouse and
y
$1,254,563
$1,359,625
149,926
etc,
267,553
243,286
—
$1,314,229
$1,116,338
$768,073
——-
2365.
,
.
„.
SKF Industries, Inc.^r-Starts Production of
.
1946
$4,093,912
2,839,350
$1,035,793
323,831
$1,581,783
—
tile Pulley—
-
-
.y
July 1, 1963.
The
,
$1,404,482
636,413
income
Int. chge., spec, chge., deducts.,
—V.
-1
$1,173,770
S. 408,013
-
—
-
366,907
$4.83
$0,601
*
,
1948
$5,174,036
4,000,266
April 30—
(net)
Net Income
51,800
367,600
$4.66
$0.56
Electric Co. (& Subs.) —Earnings—#
revenues
income
r
-
-
earnings
Other
%<
—-
Operating expenses and taxes
Privately—The cor¬
poration announced July 26 that it has borrowed $2,500,000 from J. P. Morgan & Co. Incorporated, The Connec¬
ticut Mutual Life Insurance Co., and Massachusetts Mu¬
tual Life Insurance Co. The notes mature serially up to
a
two. weeks
common
$164,309
51,873
L
-
167, p. 2692.
87,583
$135,605
outstanding--—-—
share
per
105,931
-
-
/
period-.
for
/
.
-
168, p. 51.
Rome
executive committee
modified program of operations at this corporation's
stockholders' meeting on Aug. 31.
announcement was issued through N. Peter Rathvon, who re¬
signed
of
on
the
govern
studios
man
announced
was
$251,832
i
paid
12 Months Ended
8,642,893
•
It
157,225
..-$241,536
3,469,897
—
Sioux City Gas &
railway
from
Gross
13,36f
Earned per
$2,957,007
1,383,790
220,068
145,362
$3,075,361
2,661,600
; 161,87^
Shares outstanding—-—
preferred share
Common
1945
Vice-Presi¬
Brunet,
and Managing Director of the RCA Interna¬
Delivery will be made by Photophone Equipments,
Ltd., associate company of RCA in
See
of
29
three RCA sound film re¬
educational motion pictures
of
corporation,
the
Division.
tional
America—Sells India Film Equipment
Indian
>
31,813
'Earnings,
From Jan. 1—
Purchase
tools and machines
Operating cost and expense—
Federal; Income. tax
—
RR.—Earnings-
460,241
railway
oper.
.•
247,580
$2,016,801
railway
from
from
Net
V
1947
$2,968,344
93,156
^ ,
.--4-1—$3,868,658
Total
Surplus
Fredericksburg & Potomac
strapping
from
J
1948
March 31—
—
Dividends, royalties and other Income--
305,000
-
sales
Revenue
$733,987
58,376
^
June— ;
Gross
j
Co.—Earnings—
$3,691,483
Three Months Ended
Net
Preferred
Richmond
.
($100) and div.—V. 168, p, 156.
Signode Steel Strapping
Pullman-Standard Car Mfg. Co.—Receives Orders—
This
an
cumulative pre¬
July 22 offered 15,000 shares of 4%%
ferred stock at par
$792,863
——$1,231,825
.—
469,000
.---
.
-
Federal: taxes--—.———
for
the
April 30—
Misc. income (less misc.
Prov.
to
(Ed) Schuster & €o.> Inc.—Preferred Stock Offered—#
Robert W. Baird & Co., Inc., Milwaukee, and associates
;
exclusive of brokerage, of
amounting to $1,076.shares outstanding.—V. 168,
shares were sold to the public on the N. Y. Stock
of $164,444 and 50,000 shares were sold to
$2.50 per share, or $125,000.
Proceeds were
general funds of the company.—V. 168, p. 156.
62,647
145,623
on
Operating
common
Exchange for a total
officers and others at
Engineering Co.—Earnings—
1948
1947
Net sales billed
-r $11,972,329
$8,952,570
Cost of products sold—_——
—
9,353,967
7,041,793
Selling, eng;, admin, and gen. exps—.i---;--.—
1,461,505
1,176,785
t
of
$93,382;
of
Reliance Electric &
Six Months Ended
,
Okla.—Stock Sold-—.
shares of common stock registered with the SECJ
stockholders of record June 30 subscribed for 37,353
stock (25 cent par) at $2.50 per share, or a total
common
shares
tDebit.
30.
Division.—V. 168, p. 51.
150,000
the
Of
9.464
33,595
■
-
ended April
months
50,556
.
t3,507
445,734
/
associated with St, Regis late in 1947 aS
advertising, publicity and sales promotion
Savoy Oil Co., Tulsa,
394,816
3,581,813
4,767
t5,684
1,200.560
1947
multiwall
80,475
1,670,356/
890.045
the
of
Since early in 1946, Mr. Hill has been engaged in direct
sales with the Eastern District of St. Regis Sales Corp.,
Multiwall Bag
25.097
958.328
U—-
Sales Corp.
became
Manager
24,152
277,569
888,389
1946
Puget
"* \ J
* f
^ i,
280,993
Regis
Haberstein
department.
All Taxes
t$2,213
1,086,225
1,298,084
1945
share, the total cost including brokerage
a
Income
$260,016"
Inc.—Buys Additional Stock—
total of
a
open
$48.17
V
>
Pullman,
the
Adm. Exps.
1,680,237
3,369,776
1944
continuing
Sound
are
attempts to develop a Joint proposal to buy out
within their territorial area as a unit.—VY 167, p. 2582.
,
Sell., Gen. &
Sales
announces
St.
President of
Net After
-410
t2,609
—
Carsweil,
subsidiary,
Assistant
Net Other
•
Executive Vice-President of St. Regis Sales Corp.,
the appointment of George P. Haberstein as
Eastern Sales Manager and Logan G. Hill as Assistant Eastern Sales
Manager of the Multiwall Bag Division of the company.
Walter M.
Neill, formerly Eastern Sales Manager, was recently elected a ViceArch
a
CALENDAR YEAR
457,277
574,616
_
1943_^-.'.
Seattle.
their
FOR
Paper Co.—Promotions by Unit—
St. Regis
140,775
$441,884
475,210
<:■
770,946
_
1942..
plant on the Columbia River, which
the city may take in view of the fact that it has not had any assur¬
ance from Bonneville
administration of adequate future power supply
for the Seattle competitive area.
Mr. McLaughlin indicated that Seattle
officials had in mind enlargement of the Rock Island plant, which he
said the company was not in position to finance.
The Chelan pur¬
chasers have agreed not to oppose sale of Rock Island properties to
Public
EARNINGS
788,789
,
1941
generation
power
300,000
Cost of
$735,382
....
1940
About
McLaughlin,
Island
Rock
—
-
1939
company
indebtedness.
$450,000
Mr.
OF
Sales
1938
will use the proceeds of the sale mainly to retire bank
$7,000,000 is earmarked for that purpose.
President,
who emphasized the need "• of the
company to raise money against debt and cut down its construction
costs in fringe territory, said the sale does not indicate any plan
to
sell other but fringe properties piecemeal.
~
He indicated
that the company is prepared to negotiate
disposal
of its competitive property in Seattle,
Wash., to that City and that
Seattle also has asked and was being granted reservation of Puget's
The
has asked the ICC for authority to issue $5,550,000
trust certificates, series B, to be dated Aug. 15, and
to
mature in
15 annual installments.
The dividend rate would bo
fixed by competitive bids, which are due at the New York City offices
ol the company by noon, Aug. 10.—V. 168, p. 156.
company
equipment
.
500,000
Net
.sale price was $8,131,000 plus an amount to be determined for
receivable. About 5% of the company's gross operating rev¬
The
300,000
$15)
Ry.—Equip. Issue—
St. Louis-San Francisco
The
of
debt $100,000 is due to a trust
SUMMARY
accounts
shares outstanding
115 shares of 5% preferred out of 2,131
$11,535.—V. 168, p. 351.
for
five years.
Washington, exclusive Of its Rock Island
transmission lines to the Chelan Public Utility
Douglas and Grant Counties,
Inc., obtained an additional $3,500,000 from 12 banks, payable
years at rates varying from 2%
to 3%. It was further
that the company has purchased all the 4,795I/2 common
outstanding of
Par Soap Co. for $287,730; and in addition
ten
shares
created by Mrs, Leona
E. Reardon and matures serially, at the rate of $10,000 a year, over
a term of
10 years.
It bears no interest prior to maturity. The other
$350,000 is due to First National Bank in St, Louis, bears 4% interest
and matures serially, at the rate of $70,000 a year, over a term of
-
to
reported
Outstdg
,£:/ $450,000 .v/
Of the funded
July 23 announced sale of its properties in
The company on
within
FINANCING
Authorized
,<
Serial; Notes
$1.50 preferred stock (par
Common stock (par $1)—
-
Puget Sound Power & Eight
.
ington Properties—
Lessors,
the Probate Court of St. Louis
1948,
,
4.—V. 168, p. 351..
on Aug.
credit
acquired
,
<EDST)
.
corporation), incorporated in
a
CAPITALIZATION
•
Bid* for the purchase as a whole of an issue of .^200,000 share** of
cumulative preferred stock (par $100)
will be received by the com¬
pany
at its office, 80 Park Place, Newark 1, N. J., up to 11 a.m.
company
a
$20,000,000
County,
Mo., directed the Executor of the Estate of J. Vincent Reardon, de¬
ceased, to accept the bid of The- Reardon Co. of $942,062 for the
125,475 shares bequeathed to his widow and daughter.
The purpose
of this financing is to partially reimburse the company for its purchase.
156.
p.
v
reveals that in May Salem Commodities, Inc., entered
agreement with seven banks under which it may borrow
June 14, 1949.
A commitment fee of V\ of 1% ; will
be paid on any unused portion of the credit.
On June 15 the company
took down the whole amount, evidenced by 1%% notes, and with the
money repaid $18,000,000 of notes outstanding under a loan agreement
dated Aug. 7, 1947, with the same banks.
The company also reports that on June 15 the Cortland Equipment
The
into
and Reardon Co.,
PURPOSE—On
and
andl
Ohio, have been elected
Safeway Stores, Inc.—Bank Loans, Etc.—
acceptance.
sumer
of
Halter
G.
Halter* Union Commerce Building; Cleveland*
additional directors.—V. 167, p. 2473.
6%|
255a
..
President of the Union Bank of Commerce,
the law firm of Calfee, Fogg, McChord
K. Thompson.
Edwin
company
of Calif,
Public Service Co. of New
*
'
,
Directors—
(F. C.) Russell Co.—Two New
John
recognized leader in the water paint field. The sales
and its two wholly owned subsidiaries, Readon Co.
Ltd., are approximately 30% of the aggre¬
gate total sales of water paints in the United States and Canada. The
principal product of the company, "Bondex," a cement bound paint
for general application on masonry surfaces, has obtained
wide con¬
is
1914,
of
350.
p.
pointed transfer agent of the common stock no par value and
cumulative convertible preferred stock $12.50 par value.—V. 168, p.
involuntary liquidation
stock is convertible to
„
Corp.—Transfer Agent—
Bank of the City of New York has been ap-*
National
Chase
.The
Mo.—Newhard, Cook & Co.;
per
extraor¬
June 30,
prior years.—V, 167»
which a reserve was provided in
Roosevelt Oil & Refining
16,186,022
Stix & Co., and McCourtney-Breck-
share and accrued dividend, and in
to $25 per share and accrued dividend.
The
common
stock.
/
$5,428,305
$5,928,010
$2,218,948
$2,241,969
income
168,
above figures dai hot include copper profH "amounting!
the quarter ended June 30, 1947, and $53,275 for tho
for
1947, against
p.
1049.
Registrar and Transfer agent, St. Louis Union Trust Co.
The preferred
stock is callable on any dividend date at $27 per
share and accrued dividend, and entitled in voluntary liquidation
to
2,252,550
of
quarter ended June 30, 1946, nor do they include $9,700 for
dinary moving expenses incurred during the quarter ended
7,080,569
COMPANY—The company (a Missouri
-V.
/
July 2 offered 12,000 shares of $1.50
dividend cumulative preferred stock ($15 par) at $25 per
share.
The issue was heavily oversubscribed.
$7,680,855
2,227,374
,
/
enridge & Co. on
$27
740,552
:
2,325,400
St. Louis,
Co.,
I. M. Simon & Co.;
510,041
.
$2,959,500
$2,996,987
Int.
Reardon
2,968,140
1,079,942
Maintenance
Prov.
1,448,973
1,773,933
47,809,098
6,386,417
6,344,736
oper. income—
168, p. 351.
—V.
of the number- of- common -shares outstanding
distribution on June 4, 1947, when one adidtional
stock was distributed for each share held.
t After
deducting preferred dividend requirements for that period; since the
preferred stock was not issued until July 11,-1946, no such deduction
is applicable to the 1946 quarter.
Y/-T' ;'"/y y: ; ^4*','// //'■ /'vVv-
57,569,135
13,833,393
6,465,445
railway-
rv,
.
common
1—
railway
from
from
1,124,815
56,800,140
:—t
(t$0.55
stock
a
share
to. $56,770
1,858,511
-
$233,488
$0.61
175,400
^.Stated- on ( the basis
/
1945 $7,534,509 $10,027,469
875,877
3,038,863
347,060
1,472,326
$9,436,012
2,391,933
$367,774
* t$0.91
y $230,598 ,-
share—
per common
following
.
62,694,969
13,048,074
income
oper.
Net
9,932,912
3,489,415
617,640
railway
From Jan.
Gross
2,163,432
501,975
678.0C6
J Earnings
/- $408,888
'
:v"
.
Net prof, after chgs. & Fed. taxes
•j'i
V 141,000
t
1946
1947
$622,774
255,000
$371,598
profit after charges—:
taxes (est.)_._.
; ;;
' "• ,.
1946
'
/> 1948
Three Months Ended June 30—
Federal income
,pfOTE—The
1947'*
■•
.1943
$11,252,907
2,829,972
railway
from
both
1,763,393
12,165,397
639,685
4,495,444
"
•
QUARTERLY EARNINGS STATEMENT
'
Net
to
"Y
i
from
Gross
of Indiana, Inc.—Earnings1948—12 Mos.—1947
$32,520,733 $28,570,323
1948—4 Mos.—1947
$11,727,407 $10/303,114
Period End. Apr. 30—
Operating revenues
Power
purchased
Other operation
'
*
.
.
'/»
Reading Co.—Earnings—
/
Net
-
V f
/
/
/
loan,
new
will
company
"
s
market an instrument of great flexibility
capable' of counting particles at a higher rate than that of Other:
competitive products; together with another instrument of greater
simplicity and. reliability than now available.
The" company plans
Texas—Stock Purchased
'•
interest
substantial
A
the
believed- that
and other research studies.
'
„
hy Cooperatives—
•
readily qualify with the
Atomic Energy Commission which has encouraged and urged private
companies to enter the field of processing radioactive isotopes which
are
available in relatively large amounts at Oak Ridge.
These are
shipped in crude form and in quantities that are frequently too great
to be .handled conveniently
in ordinary laboratories. These isotopes
when processed into other chemical compounds can be used as tracers
and are useful in a large number of biological, chemical, industrial
&•
Premier Oil Refining Co. of
Michigan
is
■It
an
Playboy Motor Car
Tellier
•
Co.,
to
the war.
a
made in March, 1947,
additional 18.5 cents per hour wage increase
granted to its glass workers during July, 1947, without advancing its
glass prices, the announcement added.—V. 168, p. 155.
increase
last
the
Since
the firm had absorbed
&
„
'': ' ' V •'
<
major product,
hour.
per
Vogel
shares
H.
A
common
on
10,500 glass workers and granted a 10 cents an hour
fetroactive to May 1 plus an insurance program costing
terial, and to carry customer accounts, we realized sometime ago thO
<;/ wisdom of acquiring adidtional funds.-y
We, therefore, on July 26, 1948 entered into agreement with J. P.
Morgan & Co. Incorporated, New York, and two insurance companies,
Connecticut Mutual Life
Insurance Co., Hartford,
and Massachusetts
Mutual Life Insurance Co., Springfield, to borrow $2,500,000 on 15-year
serial notes. J. P. Morgan & Co. Incorporated participate to the extent
of $800,000 for a period of four years at 23/4% interest, repayable at
the rate of $200,000 per year.
The insurance companies each partici¬
pate to the extent of $850,000 and these notes bear interest at the
rate of 4%, to be retired at the rate of $150,000 per year after re¬
tirement of the bank serial notes.
In addition, sinking fund requirements based on an earnings formula provide for prepayment of the
insurance company notes
at a maximum rate of $125,000 per year
at par, starting in the current year.
t
On the date on which the new agreement was signed we paid off the
balance of our old long-term debt to the State Bank of Albany, who
/ are also
participants with J. p. Morgan & Co, Incorporated in the
Inc.—Stock Offered—
Radioactive Products,
creased
its
the
until
dent
effective im¬
July 22 notified its. customers that,
on
company
New
primarily advisory in
Pittsburgh Plate Glass Co.—Prices Raised—
mediately, prices
9%.
All
the
of
charitable foundations. > .
In
the company will issue $2,375,000 of its
4&%
first deed of trust serial notes, dated May 4, 1948, payable
serially in equal annual amounts on May 4, 1949 to 1975, inclusive,
secured by a lien on the property being acquired.
The property will be entered on the company's books at $3,640,000.;
Of
this amount,
$1,265,000 is represented by the shares and the
remainder by the notes.—V. 168,, p. 254.
Avalon Foundation, two
addition to the stock,
in full charge of all operations out
Rathvon said his function would be
nature.'Mr. Rathvon agreed to remain as Presi¬
stockholders' meeting.—V. 168, p. 351.
Vice-President to be
York office.
Mr.
Executive
Foundation
is to be acquired from Old. Dominion
This acreage
tons.
and
Monday, August 2, 1948
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
(488)
52
*
'
-
,
;
:
'
,
New Tex*
•
-
corporation on July 29 announced the start of production oit
type of anti-friction tape tension pulley designed to aid the
nation's textile mills
in the spinning of cotton and worsted yarns.
This
a
-VY
new
Richard
call
for
•
H.
DeMott,
Vice-President,
.
said manufacturing scheduled
heavy backlog
be made soon, he said.-*
substantial production of the pulleys against a
of
orders.
V.
163, p.
Volume deliveries, are expected to
255. i
1 '
Volume
THE
Number 4721
168
South Bay Consolidated Water Co., .Inc.r—Earnings—
-
Years' Ended
Operating
March: 31—
1948
1947
$618,994
-446,715
..
$666,250
revenues
Operating expensesvand taxes-...-.
489,850
•
:
*
$572,121
The
380,241
?
i.
earnings.
$173,399
Other income
—
$191,880
$172,279
.
20
•
;
i——....
•
'
1
,
,y'
»
corporation
six
to .F;
Total income
3
$173,420
195,778
Income deductions
$172,286
195,532
$23,245
$4,107
six
~~V.
166,
—
----
-
195,990
2215.
p.
even
is
higher jump,
the
Total
1
oper.
Net oper. revenue
Net non-cper. revenue
341,941
Net
income
1,252,763
•
Preferred dividends
1,172,783
Common
1,193,836
1,194,052
»$3j65,672
$752,944
dividends
Balance
Earned
:
share
per
stock
in
total
.1 The
»
new
■will
be
middle
The
for
permission
of
the
by
Proceeds
its
the new
of
continuing
issue
.
Francisco regional
covering the proposed
construction
to.
program
f J_
.
-
$105,009,009 in new money since last Fall, including a $40,CG0,000 bond issue marketed in Jan. 1948, and two issues of pre¬
ferred stock totaling $20,000,000
each, marketed in Dec. 1947 and
April 1948.
this
shares
of
stock
4.56 %;
stock.—V.
common
stock;
1,653,429
shares
of
convertible
series,
and. 3,183,091
been
168,
July 21—
:
<
-1
'»
'
'r
of
Cross
Uet
1948
*'
''
1943
Net
1—
Net ry.
«-V. 168,
V
1947
1946
13,728,164
10,872,591
Taxes
(other
come
Net
v
103,684
71,371
£9,567
/
income
$396,513
3,823
1,186
$475,044
income
i
Net
income
$397,704
—
'
16,412,480
with
;
:
is
stock
share of
1,237,354
common
156.
'V;.
shares
com.
stock-
::.
$2,516,630
$2.54
$2.03
-
;
the
mot. only
dividends
Oct.
1,
1948,
■'
'
"+
*,
K {'y*
'
^
{•'»
'
J
*
*
Jlme—
*
.
Gross from railway..
Net (from; raUway--.'.-'-:
^
ry.' open'
>'
completed
under
selected
P-51
which
under
radio
200
some
Radio
six
**
*'
'
'
i
'
v
income
.194*8
<
-
,
1947
.
.1946
,■
$266,559
46,430 V.
*10,885
-
<
27,643
*30,223
,
.
'
•
.♦0,442
*58,156
•
:
set
at
two
their
overhaul
completion
in
P-47
42
■
>
*266,887
-
1,590,463'
65,943
1,628,871
*v
Corp.,
'
♦283,315
23,907
*299,618
J Sterling Drug, Inc;—Products Expanding—
■'
Expansions of* its manufacturing, office,
shipping and- warehouse
facilities; due* to increased sales was announced
July 27 by Sterling
Productsr:LtiI.{ Windsor,. Ont., Canada. The plans provide for 17,000
square feet: of additional manufacturing space and
for 85,000 square
reet for offices
and for
shipping and warehousing activities in the
pullding occupied' by Frederick Stearns & Co. of Canada,
Ltd., a
subsidiary of Sterling Drug,-Inc.—V; 168, p. 352;
-Registers With
:SEC—<•;•'•;;■ v:-• ;fV
The company
on
July 21 filed
registration statement with the SEC
covering 500,000 shares? of 'common' stock ($1 par), to be offered at'
_v
per share American funds. •. Proceeds will be used
fof mining oper¬
ations. There are no underwriters named. " *.''
i''** • -^
$1
'
issue
A,
said
of
of
the
of
*
$110,000
7%
$99,513.
was
payment
the
at
same
1
.
this
series
the
f
redemption,
the
Douglas
$40,113
balanno
DC4
due
and
used
was
convertible
$59,401
on
the
for
of
a
equipment
;
said
proceeds
conditional bid
balance
of
the
pro¬
corporate
general
pur-
'
Authorized
Issued
one
WARRANTS—O.
has
cent
agreed
share
a
to
Roy
deliver
stock
Chalk,
to
purchase
the
by
agreement
underwriter
for
failure
of
of
the
underwriter
to
sell
certificates
at
$110,000, then the underwriter shall
'
part
receive
in
no
the
war*
.
1948, O. Roy Chalk, at the price of lc
per warrant "soldi
&
&
Co.,
off
pay
the
Matson
be
balance
unpaid
Navigation
transferred
the
balance
pany.—V.
Co.
in
the
the
on
to
obtain
amount
promissory
of
funds
which
$39,600,
note
of
are
owing
the
to
company
free
of
and
the
clear
funds
of
for
all
liens
other
to
the
corporate
trustee,
and
of
purposes
to
the
use
com-
168, p. 389.
Transcontinental & Western Air, Inc.—Paves
Way for
New Equity Financing—
The
stockholders
financing
site
$10
1949.
The
transports,
under
marks
deliveries
"In
order
the
contract
new
80
is
an
P-51
additional
aircraft
order
from
engines.—V.
the
capital
on
July
stock
28
by
approved
a
amount
an
not
than
to
the
the
dividend of 50
cents
and
a
cents ^additional
of
in
March.
additional
one
conversion
of
the
average
of
the
for
each
share
Sept.;3 to holders of record Aug, 18.—V. 168,
p.
3,000.000
the
Hughes
Tool
proposing
vertible
eight
Co.,
a
conversion
place
offer
an
conversion
of
at
Tool
.
to
has
induce
been
to
be
secured
by
in the
deposit
of
Co., the trustee, to the following aircraft:
of
all
liens and
encumbrances.
company
and
Carrier
and
The
was
is
presently engaged
operating solely as an
cargo.
,
regular
payable
On
per
of
the
will
Trans
over
to
India
overseas
7,350
May.
set
194.
but
for
World
Airline's
all-time
an
which
in
increases
the
compared
entire
on
to
in
TWA.carried
travel
first
TWA's
455,153
in
32,047
for
by
the
Tool
the
Co., *
immediate
subordinated
30,000
record
miles
for
of
the
con¬
routes
month
of
The
company
March
25
an
far
as
increase
Bombay,
as
of
TWA
over
are
shown
not
only
months of 1940.
Total number
domestic routes since Jan. 1 was
the
TWA
than
more
10%
^
six
first half
in
passengers
compared with,26,288 in the
Bank Loans
extend
June,
,
carried
gers
routes,
passengers
-
Similar
same
of
1947.
the
first
On
its
half
for June
of
passen¬
571,026,,
overseas
of
this
a»
routes
year
as
period of 1947.,•
increased—
in. June borrowed
with
the
Bankers
$3,431,669 under
Trust
Co.,
a
credit
agreement
thereby increasing notes
to
$13,141,015 on' June 20.
The 3% notes, payable -in.
^installments from Sept, 30 to May 31, 1953, are secured by a chattel?
mortgage, and the money was used to pay for certain aircraft, engines*
propellers and spare parts.—V. 168, p. 389.
.Truax-Traer Coal Go.*—Increase in Stock and Sale of
denomination
title
One
with
used
of
Colonial
Subsidiary1 Approved—
stockholders
authorized
to
tion
45-
r
:
Of
•
.1-,
fiscal
stockholders.
on
v"
-
*
*
he
of
said.
and
year
Net
a
proposal
to
/
ihcrease
the
.
V
Co.,
a
subsidiary,
;
for a
cash
-
considera-
;
earnings
which
have continued to increase during th#
began May 1, A. H. Truax, President, told
income
May, June and
First quarter net
for
the
first
quarter, which includes the
July should be approximately $1,000,000,
income a year ago was $474,027.
Production
ago
»
July .29 "approved
from 1;000,000 shares,
without; par value*
$5 par,.- value; ,apd to sell all of the outstanding
$1,500,000.
current
May 18, 1945, in Dela¬
as
a
registrated United States Air
Irregular Air Carrier of passengers
'
shares,
Production
,
organized
oh
common ,stock
2,000,000
capital stock of Central Barge
Trust
Douglas DC4,
The
j
$1,000.
fpr the first quarter will exceed the same period
by at least 200,000 tons.' Seq also V. 168, p. 369.
u
a
year1
.
company
and
Hughes
outstanding
share
subject to approval of non-Hughes stock¬
Aug. 10, has been accepted by the Hughes
its
carried
in June
presently owns three Douglas DC4 four-engine pas¬
type airplanes.
Company is also operating a fourth
as lessee'under an equipment trust in which
the Colonial Trust Co. is tbe; trustee and-, lessor.
Two. of the DC4
planes are presently not in operation due to their being in the
process
senger
United Merchants & Manufacturers,
cargo
DC4 four-engine airplane
the
$10
notes."
California
months
BUSINESS—The
to
of
Passenger traffic
passenger
four-engine aircraft bearing Civil Aeronautic Administra¬
tion
Registration
Certificate
of
Airworthiness
NC75416,
free
and
clear
on
and
shares capital stock for each certificate
is
stock
Exchange
immediate conversion
made
price
Co.
from
-
issue
determined
determined
June, Warren Lee Pierson, Chairman of the board, announced
July 23.
Oil its domestic segment, TWA carried
the greatest number of pas¬
sengers in the airline's
19-year history.
A total of 123,299 revemw
passengers were transported over routes within the United
States last
month, an increase of 10% over May, and nearly 28% .over
June 1947,
Aug; 1, commencing Feb. 1, 1949. Redeemable in whole at any- time at option of
company upon 30 days';;
notice at 105 and dividends to date of
redemption. At any time prior
to 15 days of redemption, retirement or
maturity, holder shall have
option to convert to capital stock at conversion rate of 50 shares
capital stock for each certificate in the denomination of $100 and 500
This
be
be
common
Sets Record in Passenger Traffic—
886,541
face amount of each certificate will be paid
Certificates in denominations of $100 and
$1,000.
1
would .how
Pierson said the offer,
holders at the meeting
principal
payable Feb.
time
any
$10,000,000
the
2%%
and
years
Mr.
dated
the
recommended
the
authorized
price of conversion
next
outstanding
of
the
4,000,000.
price at which time would now
price at which the last sale of
.
Dividends
to
corporation was made on the New York Stock
the last ten business days.
"In order to eliminate doubt as to the
time and
to
to the holder thereof.
on
at
increase
of
over
Chinese
held
from
to
-the
over
share
take
may
average
the
each
,
,
asked
so
the
of
begin
action, the company had 886,541 shares of
$10
outstanding out of an authorized total of 1,000,000 shares.
extra
be
the
by
above
have declared
also
shares
common
by
167, p. 2474.
more
will
the Hughes Toot
Aug. 10 whether
opinion of the directors," Mr. Pierson
said, "the successful
equity securities of the corporation in the future will be
im¬
long as doubt exists as to the time of conversion of
the
notes or the price at which
they may be converted into common stock.
"Under the present
terms, Hughes Tool Co. can convert any time
before June 2, 1956. The
price of the shares of commoh stock at which
proposal to increase-the
of
of
They
by
of
paired
completed
will
Pierson,
•
share.
a
sale
for flight
12th
which
proxy
issuance
and the rehabilitation con¬
through the flight testing
January,
have been asked to clear the
wa.y for new equity
voting immediate-conversion of
"Outstanding $10,000,000
letters received
July 26 from Warren Lee
by
in
Holders of TWA stock other than that owned
Co., will decide at a special meeting to be held
Hughes-owned 2%%
notes are
to
be converted
Thunderbolts,
storage
*
warrants
up
N.
ware
Sudore Gold Mines Ltd., Toronto, Can.-
of
PURCHASE
of
Chairman.
To be issued' under the
Philadelphia, jplan by .Colonial Trust "Co. of
Y., trusted.
To be unconditional'y guaranteed by endorsement as
principal and dividends" by the Trans Caribbean Air Cargo Lines,
Inc.
Dated Aug. 1,
1948; maturity Aug. 1, 1951.
Upon maturity,-
1945
$510,509
242,202
.115,965
2,934,152
1,191,772
' 553,901
before
by the Matson Navigation Co. and secured
by the purchase money
mortgage covering the aircraft, being the trust
equipment, which wiil
$600,000.
present
weeks,
complete
for
and
approximately
at
within
for
distribution
105%
1,852,891
116,379';
-
days
and
prior
holders
of capital stock for each
certificate in
shares for each certificate in the denomi¬
500
PURPOSE—The purpose of this issue is
dividend).
$274,586
,
15
mature
callable
are
certificate
shares
or
July, 14,. 1948,
amount
the
Trans Caribbean Air Cargo Lines, Inc. — Equipment
Trusts Offered—Gearhart & Co., Inc., New York, on
July
26 offered $150,000 7% convertible
equipment trust cer¬
tificates series B at par (exclusive of accrued
.
'
'
50
amount
Gearhart
toi
television
and
to
but
The
Co., Inc., 20,000 stock purchase warrants
entitling
Inc., to purchase from him up to 20,000 shares
par) capital stock of the company at $2
per share,-said warrants
being exercisable at any
time between May
15,
1949,
and
May 15, ,1951.
the
by
Mustangs
aircraft
C-54
45
the
be payable
'-n.v.-.
'l>* V ^v<.
prior
certificates
1950,
105.
(10c
shipped to China.
directors
The
;; *Defidit—V; 168, p. 52, '
s *
cost
the
stockholders
and. 25
the company will have paid
July 31, 1948, but also those
166, p. 2665.
$335,785
".
Net, ryi-.oper,.income.-,
:P£om?Jan^.l—>'
Gross from; railway-J-Neb from: raUway-^—
Net:
additional
an
quarterly dividend of 25 cents on the present stock, both
Sept. 3 to holders of record Aug. 11. A like extra was paid
^ Staten Island Rapid Transit Ry.—Earnings—
?
53
rehabilitation of
par stock
to
.
the
Gearhart
...
in
the
Prior
payments,
accumulated
^cumulating to.Oct. 31; 1948—V;
* 1
to
payment
■dates., With
>
operates
;
V
Trust
_—
the
face
tribution.
"
.
_
of
to
On June 10,
also
time
any
15,
the company.
sum
of
.shares, to.provide:for the payment of a 100% stock dividend.
They also approved a transfer from earned surplus account to
capital stock account of an amount sufficient to enable this dis-
Dr200,00d
$3,145,227
at
The
May
on
company at
maturity of their certificates, to convert the
rants at all.
additional
Electric
been
start
calls
be
of
authorized
directors have declared two dividends of 50 cents -each on the
prior preferred stock, payable Oct. T to holders of record
Sept. 20,
1948.
Heretofore,
the
company
had
declared
dividends
for
the
^quarterly periods ending two months prior to its dividend
•
of
Chinese
The
.
The
-•••*.
for
has
also
1,617,393
StahLMeyer, Inc.—Two Prior Preferred Dividends—
;!•?!•■
line
Colonial
to
purchase
to 20,000 Shares (10c par) capital stock of the
company
at a price of $2 per share.
Warrants are exercisable- at any■ times' %
between Aug. 1, 1949, and
Aug. 1, 1951.
In the event that the com¬
pany has the right to reject and does reject all
subscriptions because
Chinese Government to
S.
fighter aircraft recently purchased from the
Government
by the
Chinese, it was announced on
scheduled
will
overhaul
lor
$4,604,534
$2,987,138
270,507
par
the
rate
STOCK
the
foreign country with which
TEMCO is doing aircraft overhaul, modification or conversion busi¬
ness.
The others are Venezuela,
Brazil, Ohile, Cuba, Colombia, India,
Mexico,
Canada, Norway, - Sweden and the Philippines.
Not incor¬
11,376
■
its
such
the
'
new
contract
raises
TEMCO's
1948
backlog of orders above
$7,000,000 more than the company's entire, business of last year.
Prominent in the backlog Is a $2,700,000 order
from; the Air Fotce for
The
v
The
licensee
embraces
which
The
$4^93,158
$3,494,707
349,480
-
;
*
be
completed,
by
secured by one used
Douglas DC*
bearing Civil Aeronautics Adminis¬
Registration NC75415 free and
encumbrances.
of
covering
in
dated
The
867,144
$5,457,592
1,962,884
or
year..
has
will
stage,
44,258*
•-
one
rehabilitation
TEMCO
tract,
795,277
$5,413,334
_
applicable' to
■*~V. 168, p.
is
taken.
1947
.
Com¬
General
profit for the year
plan
.
U.
95
order
aircraft
certain non-recur¬
per
any
States
The
Mos—1947
ring items
Earnings
the
by
Attorney
deprecia¬
stock (par 10c)
1,000,000 shs.
*749,000 shs.
I "Company has reserved
55,000 shares (10c par) capital stock for
issuance in the event of conversions
by the holders of "the 7% con¬
vertible equipment trust
certificates, series A, issued by tne company
on
June 10, 1948.
Texas Pacific Coal & Oil Co.—Stock Dividend—
•
Accrued divs. on cumul. preferred
Adjust for net amount of
Balance
referred
alter
a
1947
year
were
aircraft
of
Capital
still
necessary.
The situation
for some time, and it was
but
of
showed
the
CAPITALIZATION
Products, Inc. The license runs for
royalties of three-quarters of 1%, but not exceeding
company
porated
Gross
income deductions
ceeds
July 26.
54,633,999
1,089,294
and
privilege
applied
poses of
serving the termination
be
to
States
net
a
$1,756,625.
depreciation,
$52,080,
for
$216,343,
December;
$791,43*.
Airworthiness
105%
certificates,
sale
of
Texas Engineering & Mfg. Co.—Chinese Contract—
135,556,624
949,998
.73,953
$471,221
income
will
Just been
a
Sylvania
at
in
.in August.
94,550
have
of
years
The
$1,003,046 $13,804,833: $11,246,356
394,436
5,360,493
4,294,207
78,571
.
991,713
£96.570
495,083
taxes)
was
,r
considered
commission.
becomes
rehabilitate
than yin¬
operating
Other
1948^-12
1948—Month—1947 >;
$1,235,909
3Waintenance
iProv. for retirements—
of
is
United
of
of
sum
of
of
sum
before
Operations
Philadelphia
option
proceeds
trust
notes
Southwestern Public Service Co.—Earnings*
intention
matter
the
investigation
warranted
the
Preparation
revenues—.
the
of
liens
at
the
the
the
certificates
denomination of $100
nation of $1,000.
research
to
expense
its
the
to
extent
when
under
trust
all
at
conversion
'
1945
8,035,357
of
retirement
Electric has for many years been engaged in a
program
resulting in these and other radio, television and lighting
and is now engaged in a major expansion program; in the
field of television equipment to finance which it is
making arrange¬
ments to sell 200,000 shares of additional common
Stocfc-^.'Tes, p?352p
p. 255.
Operating
Operating
said
counsel
$21,264.
the
amount
$155,282, showed
four-engine
payable
have
excess
but
in
profit
a
the
depreciation
in
anounced
and
of
in
until
the
not
were
Sylvania
>(" <&" i>"
"
120,387,627 110,708,335 103,380,292
29,278.995 .25,596,548
18,858,587
Period End. April 30—
default
the
seen
patents
United
railway
railway
oper. Income
are
patents,
.
from
in
of
before
Certificate
thereto
in this respect was determined not
only
hire, which is past due, but also because
study by the Commission
America
of
railway-™ $19,703,590 $17,197,700 $16,807,302 $21,462,748
railway
4,524,580
3,603,200
2,514,101
8,086,987
income..—
2,127,571
1,407,358
1,002,549
2,292,311
from
action
in
2
that
to
$200,000
1947
oper.
From Jan.
■■x
Cross
clear
corporation has been operating 39 commission ships, most of
Liberty ships, under a charter granted Sept. 7, 1946.
Only 31
being operated and eight vessels; are in the process of being
seven
from
from
Net ry.
tration
The
hire
1945
York, trustee, and unconditionally guaranteed by endorse¬
principal and div. by the company, was sold to the
public.
to
45-passenger
now
tube
Southern Ry.—Earnings—June—
charter
1946
equipt.
from him
Arrangements
$5,269,451 $177,143,236 $160,193,244
v
'*•«*•
non-payment of
year
issued
as
These
oh July 27 instructed that
outstanding fleet charter held by
the
in the amount
plane which is
year
in
were
were
showed
depreciation
amount
New
of
ment
Commission
of
reason
1947
year
1946
year
1946
held
■
t
"
-
,
.
A,
Co.
Sylvania Electric Products Inc.—RCA Licensed Under
Tube Patents—
Jan. 1 to July 21
1947
$5,827,007
..........
;
the
$61,060.
series
daily catalytic
ahead of industry
Co.-—Weekly Output—
255.
p.
■
charter
of
Aug.
as
returned
1948
Gross- earnings
on
bbl.
weeks
stream
call
the
the
profit
the
one
,
own
privately-owned" ships.—V.. 146, p. 2872.
Southern Ry.—Estimated Gross
Earnings—
-•-V.
the 20,000
its
of
•
the year
after
the
a
in
coverage,
exception
SERIES A EQUIPMENT TRUST
CERTIFICATES—On June 10, 1948,
an
issue
of
$110,000,;7%:';' convertible equipment trust certiiicates,
products.
terminating
general
under
The
are
Electric output of this company for the week ended
July 24; 1948,
3,125,000 kwh., as compared with 2,389,000 kwh. for the cor¬
responding week last year, an increase of 30.8'%.—V. 168, p. 352.
'
on
them
of
totaled
Period—
on
processing in
position to put a
in
put
tion
of
these transactions
refinery
was
to
Okla.,
Maritime
by
Commission
actions
167, p. 2365.
Southern Colorado Power
—Week End.
for
In
for
for
but,
for
for
revenues
revenues
showed
unpaid."
announced
4.32%
shares
States
"assistance"' to
shares of 4.48% preference stock; 800,000
preferred stock 4.88%
series;
800,000
shares
cumulative
preference
preferred
daily
p.. 352.
served
mission's
Issue ^f bonds, capitalization of the company
$203,000,000 of first and refunding mortgage bonds;
160,000 shares of original
preferred stock; 1,653,071
168,
amount
notice
new
follows:
as
other refiners.
Sunray
relined
Commission's
the
The
'
Including
loss
exercised
worldwide
$200,000.
operations
Gross
$30,815,
this
of
of
amount
operations of the company for
that the company did not start
Operations
■
of
corporation
remain
raised
"Will be
department
States,
will have
company
months
company's own wells and wells in
but which in prior years had been
to
company
Duncan,
purchasing
1945.
crude oil processing
six
its predecessor War
Shipping Administration are in arrears to my
company on amounts going back as lar as 1942 aggregating
$3,460,000."
This amount was due in claims for the loss of
ships due to enemy,;
action and the use and repairs of.
requisitioned vessels among other
items, the telegram stated.
Mr.
Ferend
stated
that
"these
claims
have been reduced to judgments
against the United
the company to finance
provide
additional power
Upon completion of this contemplated financing,
the
in
first
the
in
Gross
and
used by
■
facilities.
normal
furnishing bond coverage by $700,000,
the bond presently in effect
being $400,000, and the coverage required
by the charter $1,100,000," an announcement said.
Gregory Ferend, President, declared that the "Maritime Commission
San
statement
will be
the
interest,
bbls.
that
tne company was
securities.
new
be
"The
issue
with
had
oil
the
$2,000,000, and other acts of default urfder the charter.
an
to
company also filed July 28
of the
SEC a registration
office
this
With SEC—
application with the California, P. U.
and sell at competitive bidding
issue
of
$25,000,000 first mortgage bonds.
Banking groups
invited
to bid
on
both price
and interest rate about the
of August.
-;/V',
filed
company July 28
sales
United
notice
Commission
production,
Sword Line, Inc.—Commission Ends Charter—
The
♦Deficit.-
Files $25,000,000 Bonds
from
■
panies,"—V.
$1.90
$1.60
$0.61
cil
Sunray's stable position in this
regard is further reflected by the fact that the comuanv has ^rudp oil
exchange agreements with more than 21 major oil producing com¬
^
$0.26
at
daily
"The gain
during
agreement
fact
enabled
own
the
Financial
•%,
V1
•
company's total charge to its own refineries amounted to more
than 4,057,000 b'ols. from
January through June this year, as com¬
pared to more than 2.092,000 bbls., for the same period in 1947.
At
this continued
rale
the
company's throughput this year will more
than double the 1947
processing totals with corresponding increases
com.
outstdg.
The
crude
its
in
53
licensing.
Company also owns two Douglas DC3
not licensed and which
the company is not oper¬
licensed DC4 aircraft owned
by the company are, /
are
of
by all risk hull insurance,
$250,000 per plane, with the
insured
"The
$1,269,078
$317,345
crude
12,500
unit
predictions.
$9,795,185 $11,065,601
4,705,593
5,024,958
4,772,247
4,771,865
$3,203,403
1,256,490
$2,000,947
'
new
company
cracking
$4,350,733 $14,516,695 $15,747,003
1,147,247
4,721,510
4,681,102
$3,253,710
Int. and other deducts—
this
that
produced
gained
plants.
-
$4,108,422 $12,962,808 $14,706,378
242,311
1,553,887
1,040,625
$2,911,769
income
Gross
Sunray
60,756,731
75,772,981
15,336,177
20,454,892
expenses--.-
the
oil
added:
fact
sold under purchase
Mos.-^J947'
$23,366,661 $15,444,599 $88,735,789 $75,463,109
revenue
Total oper,
-12
1948—3 Mos.—1947 "■
;
on
which
Co.—learnings—
Southern California Edison
Period Endi Mar.. SI1—
further
the
company's
"call"
.
in
of
for
which
All
covered
of
production reported for the first
July and August processing figures will show
Mr. Martin declared.
1947.
announcement
reflected
year
,
ating.
processing 58%
throughput' of 2^%
of
of
conversion
aircraft
has
now
months
an
<
is
a
The
loss
Net
(489)
of
cil
Sunray
^
$}91,883
$22,358
——:
_
CHRONICLE
months
against
.
FINANCIAL
gained a 100% increase in the amount of its
production processed through' Sunray refineries in the
of 1948 over a similar period
last-year, according
L. -Martin",-* Executive Vice-President.
'•/ -•
crude
own
first
Net
&
Sunday Oil Corp.—Reports Gain in Crude Oil Process¬
ing—'
I®4,®,,
.
COMMERCIAL
%
Inc.—-Acquisitiou
The Seminole Mills, a division of this corporation has
purchased the
Cotton Mills,
a
North Carolina unit of BUriington Mills
Statesville
Corp.
It is announced that the Statesville
plant will be operated
as
a
-
THE
(490)
54
& .FINANCIAL CHRONICLE
COMMERCIAL
Monday, j^wgusti?^
-u
i'ajca and
install
will
Seminole
-
weaving and spinning unit,-and will 156 taken
spun rayon
by the purchaser about Sept.
over
lowing removal
V. 168, p. 89.
of
its
1.
v,
.
.
,
:: ;
.
,
tv
-
United Piece Dye Works—Initial Dividend—
have
directors
The
share
its
on
$4.25
Oct.
1948,
l,
aocrual
the
period
will
rates
will
be
preferred
dividend
of
$1.41%
per
stock,
first
be
from
June
Sl.OSVi
days
of
share
per
January,
194r
p.
initial
an
computed at the regular rate for
.1
to
Sept.
30,
1948,
payable
to holders of record Sept. 15, 1948.
Thereafter, regular
four-month
the
declared
quarter.
per
April,
July
and
dates
Payment
'
October.—V.
at
now
16a.
000,000.
Quarter
Net sales
Cost -of
States Hoffman Machinery Corp.
Ended
March
31—
goods S0ld^UL^-.i;_^_^^_».j^._4.^w,^
administrative and general expenses—
Selling,
Net
938,658
$710,939
income
credits.
91,503
-
$482,804
Prbv.
for deprec. and amortiz. of physical
Income
Federal
charges
and foreign income taxes
183,720
prop.
137,315
-
Total
cumui;
207,365
$119,237
year
3,937)533
$4,246,049
31,184
_
Surplus-$4,678,494
shares
Common
Earnings
outstanding
sold
31,875
r
Products
Chemicals, Inc.—Plans New Issue—
stock.
'
.
,
itThe corporation: wa^ ; reported
on
the
Maritime
Commission
the
for
cover re-
; placement
costs
601,361
633,064
12,590,262
&
misc.
Federal
,
'.i
".*■
■
,
K- :
.r
.
$3,087,209; $2,602,950
$8,063,431
$9,967;149
1,899,170
1,899.170
474,793-
474,793
p,b29,732"
ti,509,572
1,680,015.
.
stock
A
J—
95,648v
382,592
85,648
382,f 92
.
stock
!_
$2£16,768\ ?2,032,509- $7,685,387 -.<$5,781,669
2,343,105
"Ha.ving effect
$1.07,
,
as
at
$0.86
:
beginning
the
then parent
oi
the
of
". -,$?.46
$3.23
'
•
to (It the f>urWater Works &
periods
company, American
the
.
n
■
-a
p. 27.95.
<,
delphia plan, were immediately reoffered, subject to ICC
autnorization/ <at prices to yield from 1,502«55%t ac-^
..
\
; .t >'•'
' 4 •.
v/ * ' ;
cording to jnatdrity^." 1
i 262 513
1,203,154
^
k
_
24,200,000
21,400,000
29,336,868
10,879,065
;
66,543,018
dividends_
:
v:;>T^^?^Assbciat«d;.4nr4he;«flfiring^are^/^:/^esspribh:;i&-;:Cb4-Ai.:G^^ecker;:-|^
49,100,000
32,585,677
6,304,919
i
I9;i954707
21,253,199
dividends-
Common
of
_
12,500,000
■xxxj-
Net; income
Preferred
construction
1,6^7,000
snares
tne
$14,893,163
$4,282,965 $16,476,521
$4,784,209
ri_
common
on
$4,085,611 $15,577,713 $13,857,801
197,354 890,o0i .1,035,362
-
"
198,188
re¬
in September,
1942, when it was serving as a Navy
transports ,
1
k
.
f
In- making; the «hhduheemeiit£ MrV Franklin said ihat tails ■ company
had beem looking forward ta the return of the 26,314-ton liner as a
part of its program of postwar/development ©f' its passenger fleet, a
the
$4,580,021
Western Maryland Ryp-r-Equipment- Trusts ..Offered-^- {
HaIsey,' Stuart & Co, Inc/ and associales- ^on .tae' award. '
July 28 of ?5,800,000 2J4 % equipment trust certificates, >
Series M, maturing $580,000 annually Aug. Id,
to :
1958, inclusive, n- The certificates, issued under the Phila-
•
41,692^53
taxes
income
on
I': ^ V'.c';
"
■
•-—14,265,049
States. Lines,
includes
687,781
7,228,450
$694,654, equal to 29c per share Of common stock.—V. lo
385,208,700
[13,100,000
6,304.;9l»^^4UKM38,l......
.
—
-
.
Balance,
Earns.
surplus-
per
15,401,693
14,328,697
sh.
$3.02
$2.65
com.
.
2r;758,130 :-v&'i7^406,594 .;:- the^taile twqrej.u-'JElalomoii^^
Hutzler, 99!04V-i'Hayris, Hall & Co.
Hall &
a_... :
v
-.-J(Ine.)■ old;S8.92 £otV$5;3QQ,000 nnd 98s62-#or $5vfA)0.00J^f
32,175,050 ,138,555,83,7.; o .The; certificateswill; be issued to - pj-ovide 'foT Jl0t fflo?e ' than 80Yo
$6.20
-$6j43 u*- :ol tlw«<»sfc.^esihnated 'Jrt ST^O.OOO' of.the Ibllowing nsw-standardsteel -coal
Cars, 250 sceel gondoia
8,703352
troop
which also
.
143,636,704
6,900,000J
long-term
local
purchases of - the ''America;* now under v bareboat, charter from the
Commission, which'"acquired ownership- of the vessel from the United
program
,
other
debt
taxes
Est.
,,
f 28,997,602
^
cost-
and
on
State,
Franklin, President, has announced that this company has
with
23,131,6441
*
Added to
,
United States Lines Co.—Purchases the "America"—
negotiations
468,029,555
7,89i,o'VO
-;,radjiistments^^Tesulting^^irom: chunged: ariii-ations. for coUoiiaated'-Federal."?
purposes. v tNet- .intOme of^the company a.o.ie appLCab.e ;
to its common
stock for the taree months ended Mar. />i, 1948, was
««..>
...
.
,
236;791.3l2-228!452i709 .-t471^7l^2$'^l43i,^7^2^
original
on
Interest
,
John M.
»
1,008,804,481
,
July 23 to be negotiating/witlr a
banking gribup. for the sale of $7,500,000 convertible preferred stock.
The net proceeds ere to be used to pay for expansion.—V.
167, p. 1513.
concluded
►
2,07U,bo0
Inc. twnich has beep a.ssolveq and liquidatedt, .and caa-cellation oi ail shares of capital stock, oi tne company
(ot.ier mart
commop stocki previously owned by tue parent company;
(2) the in-;
ciusioh of certain additional expenses iormeny borne oy tne T>arept;
company; and
(3) related Federal income tax adjuscmencs. inc.uxiing
facilities—
cost
.
-
•
.
<•'-
6|264,C97
724,985
Ei^ctr.c Co.,
-
services
239,860,074 212,374,721
Based
The stockholders .will .vote Sept. T on -chnsidedh|p^.propse#'i'amend«<to the eertificatevef^incorporations so^^as^td create•:Amew* issufe4'
preferred
&
bought
mqnt
of
--!/
;•»
'
1,134,437,356
6,615,623
149,077
Wear and exhaustion
of
...
;
-1847
1,711,322
2,3Q1,3dO-
-
2
surplus
render by
$
'
?
-:
v.
M0Si—1947;;S,'«y5{^948^"Mbs
578,435,117 533,785,226
„
salaries, social security taxes
and pensions
comparative purpose.—V. 167, p. 1370/'
U* S. Industrial
for
JPer .share
Wages,
259,986
v''
$1.-05
$0.34
1948—3
1,856,466
pid.^ stocks—:
: .anu
.
.Subsidiaries)...
$
Products, Si .services
$4,214,174
259,986
common-share--. ^'
iJer
♦Reclassified, for
;
;
per. End. June 30-^
,
income
-cumulative)'
iBal.
\
>
.
on
ciass'
on
t$7
■*295,540 : ^ ,;.;285^1$
$235;553>84A $223,855,192
CONSOLIDATED INCOME ACCOUNT.
$308,516
4,590,441
stock
preferred
on
Dits.
114,636
72,768
4,657,760
.
acct.
Gross^income
common
107,079
(est.)
$4,709,678
dividend
±1
employees
of
iUnited States .Steel.Corp., &
;-p Net income
Surplus at beginning oi
Caish
number
payroll
Average
5,365,416
1,484,779
•
--•NetTftfcome<:f^_i.2_:^2*
Divs.
on
6% 7and *1% '
•
mainly accounted for by the heavy expenditures for additions to
improvements of iacil ties under the current construct:on program.
Employment and payroll statistics for the second quarter of 1948,
compared with the second quarter of 1947, follow:
Quarters Ended June 30—
1948
1947 *;
$767,832
1,288,903
128,032
px op,
Inpome deductions
and its subsidiaries at June 30,
is
56,893
v
•
Operating income w-Toia*> nor)roper, ^income
and
OtheT
of
Federal taxes
deducting the current dividend declarations,
were $499,compared with $609,276,306 at June 30, 1947.
Tie.decrease
659,488,
1,053,043
$391,301
;
'
-
-
deprec., retire.
-depletion
adjustments:
required to complete
a total cost of $600,advanced, this latter amount
increase in the cost of these
assets of the corporation
current
Fed-.-
income—
on
Amortiz,
after
1948,
,
for
and
amount
projacts-.sincejthey were originally authorized;
*1947
-
taxes
Prov.
■
$4,998,259"r $6,182,631
3,668,300
4,418,649
revenues
'raxes, otner- tnan
additions having
and
improvements
.
,.
$2U,532,5k.4 $17,9 <7,326 $7o,791,o02
OpeiatmgVexpenses__l_
8,380,828
7.,i5b,005
32,770,179
Maintenance
Kzii
1,795,038
1,413,758.
to,84d,198
Cpfciating
At June 30,
earnings.
of
rate
estimated
the
was
current
the
To illustrate how costs have
$136,000,000 as the estimated
includes
<& Subs.)—
.1948.
twice
over
$328,000,000
1948,
authorized
>
United
rate
a
ACCOUNT
;
■
*1948—12 Mos.—tf 1947^
$06,-07.1,938
27,694,173
5,681,846
PeriOdErid: MaT. 31— " 1948—3 Mos.—n847
Shipment? of steel (products In. thefseccnd quarter of 1948 amounted
to
5,077,831 net tons, and for the first six months
amounted to
10,213*689' net tons, as compared With 10,132,390 net tons shipped in
the first six months of 1947.
r -r~;'v •
"
Production of steel ingots and castings in the
second quarter of
1948 averaged 89.5 %
of rated capacity, the rate of production being
down largely as a Gonsequenee of the coal strike last March and April.
The cost of additions to and improvements of facilities during the
second
quarter of
1948 approx'mated $69,000,000 and
for the six
months
of
1948.
$121,000,000.
Expenditures for such facilities are
spinning and weaving machinery fol¬
machinery to other uriits of Burlington.—
present
CONSOLIDATED INCOME
United Stales Steel Corp.—Quarterly Report—
)
,
own
.,
.
.
:rry.)(i68,:^-389^;;v:
,
^ '
$65,000,000 super-
a
JAnevi ::'^l
The price fixed by the; Commission and agreed
upon, by- the Uhlted;
States Lines: after air extended period of negotiations was $7,460;000
Ultfyersat Pictures
.
S?
pay
25%
the purchase price in cash out of capital
payment and the balance on mortgage over a
down
of
reserves
as
The
a
productions in
period of 12
The
purchase agreement provides for a
10-year operating
differential subsidy, details ©f which have not yet been worked out
UhiversaTs
years;
Offers to Invest
The
the
firmed
NaVy
on
between
passengers
She
32
would
New.
knots,
be
said:
be
York
Motion
48,000
tons
gross
and
months
and
carry
forward
2,000
top
a
Net
(excl.
sales
of
profit "(incl,
earnings
of
subs.)
In
equity
not
cos.
1948
unconsol.
co.'s
in
consolidated)
disclosed
ers,
In
i
President,
in
his
annual
and
profits
at
an
all-time
sales
:
8,171,000
Producers
:
r
.
1,399,551
$5.68
"to
message
with
will
Fed.
high,
1,066,667
$315,903
income
$736,550
$3,948,944
"
(net)
2,624
2,746
27,587
$318,527
$739,296
$3,976,531
111,620
527,727
income
8.
Erection
of
a
new
product made
great importance."
<
,
/
waste
of
materials,
whieh
believe
we
will
deducts..,
income
$206,907
1948)
Mr.
355,572
from
the
expansion program and
sale
said,
168,
Wabash RR.
June—
Gross
Net
serve ws
$1,253,280
Uorp.—Ruling
on
From
,
$2.41
$2.42
for
each
share
held
the
New
York
Curb
would
not
be
Certificates
of
record
Exchange
at
the
announced
quoted ex-distribution
for
this
stock
close
until
delivered
of
business
July
on
further
after
Aug.
28
10
must
-
Large. Order
,
be
Sunray
B.
•"
•
Steel
.
-i
e
•
>
^
*L'
Steggall,
Boiler
jMhf <y ' v4r
i
£ »-
X.-, i
-
»
,--r
l£"
-*s-* '
**■' t.
e
k i-
m>it
.
if,.--';»«'
».
$1.52
provision for special reserve ($1,250,000 in first quarter
$9,351,000
in
12
losses.—V.
moauis
168,
p.
enaed ivxami 31,
292
vi$47.;V:;:
•
*V-"
1945
1345
$1,847,342
-
376.587
•
180.501
$1,972,239
•'
762,293
432,336
1—
*
168, p; 90.
12,745,459
3,674;976
1,971,235
10,697,535
1,680,926
424.339
10^459,902 S
-2,786,574'
.1,542,882.
'
..
Fall—
r
^
corporation will begin making deliveries this fall of television
that
will be new, novel and different,"
Commander E. F.
unusually satisfactory year,. .both in volume"*)!
and'profits.
"
-1
It .is felt at this- time that Zenith will need additional facilities to.
accommodate";ftiassr' production of, television;receivers.,v..
business
)
1946
; f
,
-
,
<
-
■; i
'
' a
corporation on July 22 was given permission to file a supple•
complaint; and amend the stipulation in a radio patent
|^ ^
of-America;? ."r/.t <**. «'<•••
Judge Paul Leahy of the U. S. District Court granted the order y-U.
which would permit Zenith lo^bi;lng -television patents J into,the,same
i This,
$916,689
<■
.
-
"
>'
.,-f-
.
:v- ;
-
involving television- patents also has been brought by: jJudge Leahy said an answer has not been filed
when it is. then .Zcnitn can move to consonuate lt-h,
withu the:,-xkdio.'patentsfiultv.' ;
-r . - - 3 *: ( The ' Corporation; lias issued/the foliewlrig^ announcement:
"Judge Paul Leahy'of the .U. S. District Court at Wilmington, ,Del.*^- has
ruled
that the «television patents of Radio Corp.
of Amerce, ■ second
A
8-4,346-
!
3^50
suit
Zenith against R.C.A.
RCA/
by
,$356384-:
$255,856
V,:
763,256
831,192
transaction
$545,213
932,407
1,479,018
♦
illed against^thevRadkr Corp;
$343,452
„
r
.;
mental
.
123,529
154,339;
,
Favored iii Court Ruling—
.1945
;
$480,513
$699,552
210,369
but
/
'
.
General.Electrie 'Co.i-ShdvlWesterrr-'Eleietric4Co:;ymu?t^ .passed ;upt>n^;;py£>
tJle Court in .the "Zenith-Radio corp. suit against those companies rfr
'
Provis, for Fenn. Corp.
ma •
1 which/is ? pending before |iim;; Zenith / brought the ; suit,-.asking
+
830
2,207
4,351
T;
:
net r income tax-'—
A<ot>;.;
judgment that the combined broadcast receiver and television patents^; *
in,- ccq
;:of the Radio Corp. group are invalid. An effort Was ma dfe. by .Radio
"Net^$1,747,051 $1,306,362 $1,831,652
(Corp. of America and the other defendants in the Federal Cc^jt b
;
^
Dividends paid
: 902,076
418,277
619,487
1,276,042
limit the case to their patents on broadcast receivers only, and to *
—V, 167, p. 2301.
eliminate and not try out their television patents.
By hii decision,;
Judge Leahy held that not only the defendants' broadcast receivers f -f
Wesson Oil & Snowdrift Co., Inc. — Change in Par
-•patents, but also their television patents, must be passed -upon^by<the;
Court as,requested by/Zenith, , ^ 5 '} ' ■ ','-V
Value and Split-Up of Common Shares Approved—
/ v "Judge : Leahy also held in the same case that the question of the ^
The stockholders on- July 26 approved- a proposal to
increase the % vaiidit7orZenithVjmtents"was noVproperly involved in. the case, and
authorized common stock
to
2,500,000 shares and to split-up each
.'disrtijs8ed. Radio Corp. of America's request that the Court pass upon
share -of outstanding- na par valuercommon/stock into two 'shares of
zenith's .•pfttents.,^V;-'168r"P."'390^.vK-v''V-;^
new $2.50 par value common stock.—V. 168, p. 194.
'-.■• <
income
__1
$1,747,881
$1,308,569
4i
$1,836,003
ion oga
ai,i88,zb4
by
■
'
?
•
■
t
.
West Penn Electric
>*f-
to cover
x9-i6»
I ration .have' had; an^
4,955,754
I
.
•'*.
f[
13.016,342
S3.74
Zetka_Television Tubes, Inc.,
.; r%
Vice-President
.
22,034,642
13,016,342
•
Power
-
Division,
o
50,882.013
$0.81
^
19,478,125
•
1948v
$1,127,058
Ordinary net incomeprofit fr. security
week
-the board; C*rrolV M.
-
5,279,472
Net-
Received-^
in
charge of the company's
has been, elected a director, replacing,
BSumcar^ier. w*w has resigned as director
and executive vicerPre*idenf(—V. 168, p. 389.J,
.
..
Pacific
on
5,926,579
5,998,343
2,962,425
Nori-recur.- legal fee
oil
New Director Elected^Howard
v-
12,485,719
STATEMENT; " SIX MONTHS * ENDED JUNE, 30
Expenses,
,
.
m
■■■•
-
45,941,251
13,813,861
•
oh July 14 announced receipt of an order for 160
burning heating boilers for Installation in a new
residential
apartment building
project; the Snyder Campus Apart¬
ments, how under construction at Amherst, N. Y., a suburb of Buf-
its
u
51,370,689
assets of the Fund at June 30 ambunted to 057,756,303, ft
of nearly $9,000,000 since the first of the year.
Asset value
per share increased
to $17.37 as compared with $16.65- at Dec. 31*
1947.
There were 3,324,768 shares outstanding at June. 30, 1948.
INCOME
accom:
1,020,357
206,516
1,206,010
1—
Inc/-fi5em int., divs., etc.
-
*
-
Total
"a
.
■
.
$7,012,553
2,245,997
income—
Jan.
1947
8,713,496
gain
The corporation;
°*
1948
railway
Wellington Fund, Inc.—Net Asset Valiie?
share
.
A-r.
*t>-.
McDonald, Jr., President, told stockholders at their annual meeting
July ,27. '.They will have" provisions for phhhevislon and the new ^ |
1946
1945'
i televiston 'chanheis'can fbe1- added
when they are available;",
^ v-.(
$6,026,438
),171,519
In
discussing the overall position 6f the company, Mr. McDonald
,
693,203
nort --that
the continued demand for Zenith products gives promise
433,095; y 7?1'Wr, ^ bf "ahbme^saiJsiarto^ year. The :Hearing ;yiid :J3Msion;-'vWhibh ^har; - £
done such ah outstanding job of pioneering in this fie:d. is operating
; y
37.361,559 49,912,201
in the black with dn excellent outlook.
All subsidiaries of the corpo-
y
Aug. 10, 1948,
that this issue
panied bY due bills for the distribution, the Exchange slated
V
-EarNings-
railway
Net4 from railway——__
Net ry. oper. income—
stock" dividend
notice.
i
11,060,193
13,016,342
from
"This
be. of
additional
i
$0.97
-
Zenith Radio Corp.—New Receivers in
90
p.
from
Gross
Dividend-—
on
l00%
one
S
$1,446,650
$0.18
railway
oper.
Total
Advised that thls corporation -has. authorized a
its $1 par common stock by the issuance of
n
...
13,135,789
13,016,342
railway—14,502,366
Net from raiiway__—
3,797,240
Net ry. oper. income—
1,830,330
1;422,289
♦$144,003
-
from
from
Net ry.
of $4,000,000 debentures," < In Febru"will provide available funds for this
a factor of safety."--V.168, p. 256. ^ ;
United States Radiator
tAfter
inventory
From Jan.
$2,668,839
4.*600;075t
$0.17
share_
com.
-
Ottinger
.
.Cr46,755,«47
,
share.
com.
ana
receivers
„
'"The proceeds
•
,
g
Wisconsin Central Ry.-—Earnings—
s. W3~"/'./TWt
^frbni railwayii^ ' $2,630;77p ■; $2,209,23t
v'Ne^;':from/-railway^^^'vij?:'-892;35^;
695,455
Netf ry. Oper*- incoipei^ . * 487.755
:» 265,986
$5,186,771-
♦$207,927
per
♦Deficit.—V.
Marketing, of WeldWood" Moldings—new aluminum moldings faced
with wood veneers to simplify plywood installations and to be used
m
.national advertising
campaign to promote, the use of fine plywood
lor- paneling homes and offices;"
: ' \
ary,
•
June-H
2,317,832"
$211*569; .$2*853:385
41-4834
Balance
Earns,
9.
•
-
Grois
—V.
synthetic resin at newly erectPortland, Oregon, plant.
Weldwood Fire Doors, partitions and
bulkheads, having -passed
the test of... the National Board of Fire
Underwriters, are expected to
hate wide acceptance, as these new
products "will greatly minimize
hotels, hospitals and other institutions."
new
plant for the manufacture" of Algonite,
1948
possible
'
income
Net
-7.
of fires in
per
♦Loss.
:
$5,146,529
~40,242"
1,123,176
v
Dividends
Production of successfully-tested
the4 hazard
(credit)
Net income
shares
outstdg.__
of
1948—12 Mos.—1947-
$1,305^58 $17,459,882 $15,693,858
568,708
13,510,938' 10,547,129
$1,382,570
assets
ed
v
9,027,303
re--
Com.
.'Earns;
Earnings—
1948—Month—1947
deducts.
;
v-
Gross
'
<
Mos.—1947,i5^|
$.
qoa'&*'
■
r
stockhold¬
-
6.
.
16,478,770 t84,963.785 ♦19,051,830.
5,418,575
34,081.772
5,668.575
-t22,163,-092
.
carry-back tax
funds
,
>
FederalVbaxeS—_
for
Income'tax
go
•
the company has invested more than $4,300,000 in
during the past year, as well as committed itself to
future expansion, Mr. Ottinger assured
satisfactory liquidity and expected that "unless there are radical price changes, the volume of
business
will be substantially
increased.
Also reported by Mr. ottinger' were:
/:^rs
1.
Acquisition of 12,000 million feet of timber in California and
Oregon.
'
2.
Additional imports of high- grade.Korina logs from ithe Belgian,
Cong6 and arrangements for the erection of a veneer manufacturing
plant- there.
3.
Erection of pine plywood plant at Anderson, Calif.
4.
Erection
of
$1,500,090
low-cost hardwood
plywood
plant
at
Orangeburg, S. P.
,
>.
.
v--t
5.
Conversion of the Mapleton,
Oregon, veneer plant to low-cost
plywood manufacture to meet "the high demand for Douglas Fir
plywood."
'
A
an*
Salea^Miea^^^a2^309;W7i878 T40r;l2i;«73 -772,820.239 410,361^38
the
of
Association^linking^ the; (Shutdown
revenues...
oper.
Gross
Total,
revealing
capital
$
for
revenues
rev.
'iK
-1948—12
c
■■
*1 ■>*->.
for the
was *'■
Ordctwhoofcod ■—..—-— -242,355,168 201,021,891-891,-264,22- j18,d3I,I48
.fas-•
895,351,456 e^iOQO^bO ebSrSSl^od 642,090,960
them
cnem. ""The ^ttUtapwn
The shutflown
work
MOS.- -1947
............
ugem
■
Other
$4.16
-
1948U-3
was
readiness
oper.
Net
i
v
mg
> pointed trustee,, paying agent, registrar 'and' conversion^
^H^$8f)><)00,000 $';65% 25 -year debentures'idue July
.,
tb'Iimit exhibition of American tilms;.: they said that
either misquoted or misinformed.'"
more
Total oper.
5,940,000
1,399,951
,
Ottinger,
1947
■
No. of com. shs. outstanding April 30
Earnings ' per common■,"sharc-^«-,^r-,^^^—.i:
Lawrence
Total
$62,553,000 $43,616,000
undistributed
hv
ny
Utah Power & Light Co, (& Subs.)
Subs.)—Earnings—
Years Ended April 30—
Sales
influenced
mimencea
manner
ra n er
Period End. May 31—
i
^;)'';
;
facilities will
resumption of "shooting" on the. balance of the
company's 1948-1949 picture program when the Universal City plant
reopens early in September.-A-V, 167;--.p/ 2178. "
'"
^ 1
*"•
:.>$•---
p. 2795,
United States Plywood Corp. (&
history,'"ttiey toid.;
the general vacation period, pre-production
actively so that the studio, organization and
During
weeks.
1,000.—V. 167,
of
crew
a
ite
a
five-week vacation JUly 30.
months ago, it was stated.
The
to as to complete
shooting on
on
planned
arranged
was
anv
any
Picture
Johnston
'Mr.
be
carry
Europe., She would have
sailing tor Europe every two
a
in
n
or
or
the British
<
r
and
permitting
built in 30
:
schedule
down
was
planned many months before the quota was enacted.
"Referring to a statement attributed to Eric Johnston,, head
representatives on July 19 in Washington and con¬
July 21 by ;lefetor. ^Admiral Smith saidt thai acceptance of
depends on conferences between the Commission and the
defense features and final., approval by the five-man com¬
mission.. .f'lt looks hopeful,"'
the new superiiner wou'.d
speed -of
sincucm
strictions
line's
on
thfr offer
shutdown
19 pictures by Aug. 1.
It was emphasized that the conapany's plans
"hsve nothing:whatsoever^^ to do witjp;Current'/Briiish lihn^ quota id-;
pay $25,000,000 toward the Construc¬
tion of a $65,000,000v
passenger 'lfner.
:
17 ''t "
' \
Vice-Admirai W. W. oinith', chairman of the United States Maritime
Commission, said that the offer was made to the agency at a meeting
with
closed
studio
vacation
production
$25,<Mfo,0G0 in New Liner—
The company- has offered to
_
corporation haa completed 19 of. its :annual
S^S«S!,£^J^jg^igl'^5*2S5S3K»
backlog of completed major
''
'
output
ended
11.86%
over
Of 1947.-
'•
of
the
Co.—Weekly Output—
electric
properties
of
this
for
company
the
24, 1948 totaled 106,149,000 kwh., an. increase of
the output of 94,616,000 Jcwh., for the corresponding, week
July
"
'
'
'
.
'
for
,v
be
.Clifton^iN^.-I^FileiWith'^^&
on July
20 filed a -letter .of notification with the^
280^)06 shares of common* stock (par; 10 cents); .The .stock.-will./.vr.,-.,
offered at $i per share through' Willis • E.- Burnside & Co.; Toe.,,
New
York, as
chase of
underwriter.
equipment," etc.
-
Proceeds W|ijl.> be used To retire loans, pur-
Volume
168
Number 4721
STATE AND CITY
BOND PROPOSALS
ALABAMA
Baldwin
$i;000. Due on July 1, as follows:
$175,000 in 1950; $330,000 in 1951,
(Pi O.
County
and
'Bay Minnette), 'Ala.
Warrant
JS
i
a
e
—
An
Bush
Securities
of
held
urer's
Co.,- Of Mo¬
•
issue
of
101.997,
Due
v
$125,000
bonds
as
basis of
a
July
1,
about
will
re-
receive
bids
sealed
until
2
(Calif
p.m.
1949 to 1968 iihcl.
ARKANSAS;|SISS|'^
-^
\
as
Bond
Souza, Clerk of Board of Super¬
visors,
until
2
will
receive
sealed
auditorium
bids
000 in 1985.
The
bonds.
interest school coupon
Dated July;4, 1948.
£)ue
These bonds
$7,500
Bond3 Offering^-Eafl
-
,
are to be 'presented
Commercial National Bank
County Clerk, will receive sealed
pons
maturing after date of re¬
demption. Interest ceases on date
the
a
transcript
certified copy
of
proceedings
so that the same
may be' passed
upon by the attorney for such
bidder.
called.
bonds
printed
bonds.
for
The
are
A
certified
check
and
above
est
a
bid, payable to the
County Treasurer, is required.
■'*'
.
y
Calif.
lows:
168,
the
were
$34,000 school
on
p.
County
vided
•
1954 to 1956 incl.
;
;
4
on
*
S6pt.
1,
Due
$3,000
April 1, from
on
1957 to 1966 incl.
10,000
"
Herndon
Due
$1,000
Sdhbol
District
1948.
Sept. 1,
v- > 1957 to i960-incl.'
; j"
..." > "
,:r .1949 to 1958 incl.y*
360,000 23/4S. Due fon July '1 from
Denomination $1,000. Principal
1961 to 1966 incl.
&
480,000 3s. Due on July 1 in 1967 and interest payable at the Coun¬
and; 1968.
;
bear
coupons,.
interest to
..the. bonds
total
4%
to Jan. 1, 1950.
'
■
,'.:
from
with the
to
exceed
2%
and
sealkd
legality of the
had t in
(connection
issuance <of said
bonds,
bonds must Jbe taken up
paid for within five days after
notice
has been given that they
ready for delivery. A certified
check; for $1,000 for each issue,
are
'interest "highway
July 1; 1948. Denom.
determining at his.
the
and the
bids until 8 p.m. (MST) on
Aug.
23 for the purchase of
$850;000 not
bonds. Dated
expense
proceedings
)_
receive
San
to
School
$5,000
High Sch. Dist.,
Sacramento County (P. O.
Sacramento), Calif.
Bond Sale—The $160,000 build¬
ing bonds offered on July 28—v.
168, p. 391—were purchased by R.
-
Bo nd
Ofi
sealed
e
until
11
registered
San
bonds.
Due
:$440i000 Sequoia Union High Sch.
; District bonds. Due $62,000 on
July 1, 1949, and $63,000 on
Elementary
July lrfrom.l963 to 1968 incl.
Oct. 1, from 1949 to
View
District
v
.
..
bonds.
Due
90,000 Coastside Union Elemen¬
tary -School District bonds.
$1,000 on Oct. 1, from 1949 to
1963 incl.
Due
Oct.
:
oh June
1, as follows:
$4,000 from 1949 to 1958, and
$5,000 from 1949 to 1968, all
incl.;
.
re.
;
.
"
District
I1;
.
different
Principal and interest payable at
opinion of Orrick, Dahlquist, Neff, the
County
Treasurer's
office.
Herrington, of San Fran-! Purchaser to furnish legal opincisco, approving the validity of ' ionVA 'certified check for
$1,000
as
bonds. Denom. $1,000. Due on
bid
Brown &
follows:
$39t,000 Madera School
1, from
Bidders will be permitted;
Dated June 1, 1948. Denom. $1,rates of interest
000. Bidders to name the rate or
and to split rates
irrespective to rates of Interest the bonds shall
maturities of the bonds. The in¬
bear; in * multiples of % of J %.
terest rate stated must he in a
Split rate bids Will be received.
multiple of
of 1%.
The legal
a.m.
divided
follows:
District
on
Valley
School
to
interest coupon
'bonds,
Dated Aug:' 1,
1948. Due serially on Aug.
1950 to 1966 inclusive.
office.
-
(Calif. Daylight Savings Time) on
Aug. 2 for the purchase of $422,500
or
Moulton & Co., and the Wil¬
R. Staats Co., both of Los
Angelas, jointly.
interest:
1, 1948. Denom. $1,-|
Principal and interest (A-O)
payable at the County Treasurer's
rl«ErmaE.
bids
5%
H.
liam
000.
.
Cheuvront, County Clerk, will
15,000
..
1
,
County School District
(T. >0.: Madera)i Calif
as
1956 incl.
Dated
'Supervisors,
.
exceed
^
Union
Mateo County Sch. Dists.
(P. O. Redwood City), Calif..
Bond Offering—W. H. Augus¬
1950 to 1952; $3,000 from 1953; tus,
County Clerk, . will receive
sealecl bids until 11 aah. (Calif.
to 1955; $4,000 from 1956 to
1960; $5,000 from 1961 to 1964; Daylight Savings Time) on Aug.
$6,000 from 1965 to 1967, andj 3 for the purchase of $530,000 not
to
exceed
5%
interest
school
$7,000 in 1968.
40,000 Auburn Union Elementary I bonds, divided -as follows:
of
the
Madera
to
Juan
•
the bonds will be furnished to the
for
each
issue, payable to the
successful bidder without Charge.;
Chairman of Board of Supervis¬
A certified check for $5,000 for
ors, is required.
each issue, payable to the County
County School Districts
County (P. O. San Luis
(P. O. Quincy), Calif.
29,500 Dixieland Elementary Sch.Obispo), Calif.
Bond Offering — John Donner; District bonds. Denom. $1,000,
Bond Offering—A. E. Mallagh,
^ one for $500. Due on Sept.
wirth, County Clerk, will receive, County Clerk; will receive sealed
as follows:" $2,000 from
sealed bids until 10 a.m.'(Calif:;
1949
bids until 3 p.m. (Calif. Daylight
; to 1957; $1,000 from 1958 to
DST) on Aug. 2 for the purchase Savings Time) on
Aug. 16 for the
"
of
1968,> and $500 in 1969;
I.
$81,000 -not to
exceed -3%; purchase of $40,000 not to exceed
Dated Sept. l,1948. Bidders will- building bonds, divided as follows;. 5% interest school
bonds./ Dated
be permitted to bid different rateis $44,500 Pioneer
Elementary School July 2, 1948. Denom. $1,000.^ Due
of interest and to split interest
District bonds. Denomination $2,000 on July 2, from 1949 to 1968
rates.
A certified check for 10%
$1,000." Due on Sept. 15, as incl. Principal and interest (J-J)
own
r]:: !? Tucson, A riz.
Bond Offering — Carl M. Hitt,
City' Cierk,,\will
■Treasurer's retjtrirerdi?
>
•
*
without charge. A certified check
for $5,000 payable to the "County
County School Districts
>(P.iO. Atiburn), Calif.
not
payable fp;the Board" of •Buper^
.
visors, is required.'
Sept.
1,
«s
from 1949 to
follows:
$16,000
Treasurer, is required.
1972, iand $13^000
Plumas
in 1973.
•
-
v
be furnished the successful bidder
the purpose of
will
July 1,4948, thedatepf the bonds,
..
payable
of
ty Treasurer's office.
A reason¬
able time, not to exceed 10
days,
Will be allowed the purchaser for
.
In■; addition to the •abdye-fnfehtioned
of fhe rampunt
for,
from! not to exceed 5%
on
V ;
.
required.
is
ceive
/'bonds. -Dated iSegt; 1,
July 1, from
bid
.1948. i Chairman of Board of
-Dub
:
3
Dated
$5,000 from 1959 to 1968 incl.
30;000 Esterby School District
bonds.. Dated - April 1,31946.'
180,000 2V4 s.Dueph July U from
240,000 2%s. Due
check for ,3 %
bonds
maturities
in¬
1968
School District bonds. Due on
Oct. 1, as follows: $2,000 from
Due on Sept. 1, as fol-,
$10,000 from 1949 to
1958, and $5,000 from 1959 to
1968, all inclusive.
the
highest bidder
Placer
a.m.
follows:
as
next
$80,000 Loomis Union Elementary
to
1961
bonds.
Districts
on Sept.
1, as follows:
$6,000 from 1949 to 1958, and
4 in 1952
V
10.30
bonds,
$120,000 134 s. Due on ;July T in
i 3; 1950 and 1951. "
r
A
'
1949
150,000 Gleridora School District
293—'
$lf0;000 ' Estefby Bbhbbl District
follows:.
• t
from
1, 1948.
Denomi¬
Bidder :to name
(Calif. Day-1 the rate of interest in
multiples
light Savings Time) on Aug. 3 for of V\ of 1%.
Principal and inter¬
the purchase of $150,000 not to ex¬ est
XM-S) payable at *^he County"
ceed 5% interest school bonds di-l
Treasurer's
office.
A ' certified
bids until
Cincinanti, at a price of par,, a
net interfeSt cofcf .of about 2.9l
%,
ton ' July
School
The
bonds, divided
fol¬
as
Bond 'Offering—IE. Duseriberry,
Dsited Sept.
County Clerk, will receive sealed nation
$1,000.
of
t;
Sept; 1,
of
&
Security ^First National
Bank, Dos" Angeles, and R.: H.
Moulton & Co., jointly, for 2%s,
at 100.55.
~
*
; :
'
"
'
000
to 1968 inclusive.
of¬
ifP. O. Fresno)} Calif.
-
and -1953.
p.
on
coupon
rates of interest and to split rates
^irrespective
Staats
the
was
fol¬
as
and $20,000 from
1960,
rejected.
Fresno
Co., f. Phoenix, Commerce Trust
Co., Kansas City, Provident Saivirigs Bank :& Trust' "Co. and Wal¬
ter, Woody & Heimerdinger, both
120*000 2s; Due
July'26—v. 168,
divided
lows:
195—were awarded ;toj a
syndicate composed of Lee Higginson .Corp., B. J. Van Jngen 8c
Co., Inc., New York, Braun, Bosworth & Co., Inc., Toledo, William
Blair & Co., Chicago, Boeiteher-&
Co., Denver, Refsnes, Ely, Beck &
as
bonds
Due
$15,000
r
Bids Rejected—All 'bids received
for
bonds
bonds.
'
fered
(Calif.
a.m.
340,000 Bellflower School District
Borego School District, San Diego
County (P. O. San Diego),
Maricopa County,'Phoenix Union
High School District (P. p.;
(Phoenix), Ariz.
tond Sale —' The $1,500,0,00
school bonds offered■■ July
26—fv.
school
10
construction
>
$1,595,000 Cehtinela Valley Dnion
of
CALIFORNIA
5%
of the amount
until
interest
registered bonds. Dated Sept.
1, 1948. Denom. $1,000. Due on *
Sept. 1, as follows: $15,000 from >;
1949 to 1958,
and $20,000 from
1959 to 1968 inclusive.
Principal
and interest (M-S) payable at the
County Treasurer's office. Bidders
will be permitted to bid different ;
Bond Offering — L. Rechenmacher, County Clerk, will re¬
High School bonds. Due roii
ceive sealed
bids
until
11
a.m.
Sept. 1, as follows: $35,000 in:
(Calif. Daylight Savings Time) on
1949, and $65,000 from 1950,
Aug. 3 for the purchase of $135,to 1973 inclusive.
mentioned
part of a total
$433,000, dated Aug. 1, 1945.
The successful bidder will
be required to furnish the
Rock,
bids
R.
Aug. 1, from 1949 to
lows:'
of
Little
J.
clusive.
Lippold,
William
^
Co., all of Los the bonds. The interest rate stated
Angeles, and Heller, Bruce & Co. in the bid must be in a multiple
of San
Francisco,, as 23/4s, at a of V4 of 1%. The legal opinion of
price of 100.66, a basis of 2:67%. Orrick, Dahlquist, Neff, Brown 8c
Dated Aug. 1, 1948. Due serially Herrington, of San Francisco, will
Co.,
on
must have
attached to them all interest "cou¬
of
Co.,
Barth
v
or
■
America National Trust .& Saving?
Association
:of
SanFrancisco,,
&
;
Savings Time) on Aug. 9 for the
purchase of $350,000 not to exceed
dicate
Blyth
the par
pn%, Caiif.
Offering —C. C. LaRue,
County Clerk, will receive 'sealed
bids, until 10 a.m. (Calif. Daylight
390—were purchased by a syn¬
composed of the Bank of
p.
be furnished with
;
.
of
,
Bond
1,
School District,
Los Angeles County (P. O.
Los Angeles), Calif.
\
3%
Sacramento County Sanitation Dint,
'No* 2 (P. O. Sacramento), '*
June
City
for
Treasurer, is required.
<
June
dated
are
of: the bonds
bid. for, of
each issue, payable to the
County
Bond Sale—The $425,000 school
bonds offered on July 27—v. 168,
DST)
on
Aug. 3 for the purchase of
$1,085:000 not to exceed -5 % inter¬
to the
-
on
check
value
of
6%
on
July 1,3from 1949 to
inclusive.
All
bids
must
state the ^t&te of interest to be
paid.
The successful bidder will
1958,
bonds
.
Monrovia
hps Angeles County Sch. Dists.
(P. O, Los Angeles), Calif..
Bonds Nos. 410 to
415, 'due Aug.
1,'tM",- i br
4%
>
works
$75,000 2%s, due
bonds
1948.
principal
amount bid of each issue, payable
(to each District, is required.
1,1965..
.
exceed
'
bonds:,
Bonds ftos. 406 to 409, due Aug.
(MST) on Aug. 23
for the purchase of $75,000 not to
p.m.
water
1 from 1958 to 1965 incl.
.
A certi¬
15,
1948. Principal '
payable at the
County Treasurer's office. A cer¬
$220,'000 2%s, due on
June 1 from 1949 to 1970 incl.,
and $30,000 3s, due on June 1
and
Denomination -$1,000. Principal
and .interest payable at the Coun¬
Sept.
and interest (M-S)
2.772%, for the r
tified
$20,000 from 1977 to
1983; $30,000 in 1984, and $26,-
expense of the District;
fied check for 3% of the
:
Denomination
$500. Due on Sept. 15, as follows: $2,500 from 1949 to 1953, ^
and $2,000 in 1954.
Dated
1948:
<
Clerk,-calls for payment on Aug."
1
the
following 2% municipal
:
June l'from 1949 to 1957 incl.,
_
'
issues as follows:
$250,000
fol¬
legality by White, Bradley,
of interest to be in
multiples of -V4
All, of Birmingham. >. i OCO Water and sewer revenue ? of 1%. The opinion of
O'Melveny
Aug. "3 for the purchase of $650,& Myers, of Los Angeles, approvARIZONA
ing the validity Of the bonds will
•
Little 'Rodk, Ark.,
be furnished fhe purchaser at -th'e
Bond Call—H. C.
Maricopa County ^School District
Graham, City1
(P. O. Phoenix), Ariz. V
Offering—James E.
De
terest cost of about
De-
Due $2,000
Sept. 15, from 1949 to 1959
on
District bonds.
120,000 municipal improvement
bonds: $45,000 '2;%s, due on
Ararit '&
-No. 48
a
bonds.
14,500 Portola Elementary School
the $370,000 bonds
26—v. 168, p. 390—
price of 100.061, a net in¬
from 1971 to 1973 incl:'
ty Treasurer's office, or-at the Na¬
tional City Bank of New York, at
Bond DffeHiig—Sealed bids will
the option of the bidder. Each bid
be received by Mayor
Rodgers shall state a
single rate of interest
Deadrick, until 7:30 p.m. (CST) on
which* the bonds will hear.
Rate
bonds. " Due serially in 30 years.
to
paying
District
nomination $1,000.
inclusive.
awarded
were
.
May 1,"
on
;•
San
offered July
196,000 COunty Sanitation Dis¬
1,1946: Due
;
Francisco, Hill,
Richards
Co., of Los Angeles,
and Lawson, Levy &
Williams, 'Oi
San Francisco, in joint
account,
lows:
Forrest City,"Arh. 4:
.
sociation, of
;
<
School
Calif.
ica National Trust & Savings As¬
fion "bonds. Dated July 1, J948,
DiiO $15,000 on Jiily 1, from
:
follows; $2,500 from 1949 fo
>
1965, and $2,000 in 1966.
22,000
Greenville
Elementary
1
trict No. 17 bonds. Dated May
V;;
faith and credit obligations of the
! county and have been approved
as
are
Monterey Park,
Bond Sale—The Bank of Amer-
.
lower inter-
bidder without charge.
A
certified -check for «.5% rof the
amount bid, .is required.
$6,000 from 1969 to 1978 inclusive.
Bonds maturing July 1, 1959 and
thereafter; are subject to ^optional
redemption. The "bonds -are full
.
a
cessful
2.51%.
$3,000
from 1949 to 1953
inclusive; $4,000
frpm 1954 .to .1968 inclusive, and
'
bonds
opinion together with the printed
bonds will be furnished • the: sue-;
follows:
as
Said
approved by Pershing, Bosworth,
Dick & Dawson, of
Denver, whose
price of
a
Bond Offering—K. M. Harding,
Secretary of Board of Directors,
will purchase "said bohds at par;;
The legality of the bonds will be
house
court
234s, at
Calif.f
electipn
an
amount bid of each.
issue, payable to the Chairman of;
Board of Supervisors, is required.
.
Daylight
Savings
Time) on Aug. 25 for the purchase
est
rate
may
be
obtained,
or ' of
$1,343,000 not to exceed 6% inwhenever such redemption is to
terest bonds, divided as follows:
the profit and benefit of the City.
$847,000 County 'Sanitation Dis-;
Bidders are
required to submit
trict No. 15 bonds. Dated 'May
bids specifying the following: (a)
1, 1947. Due on May 1, as fol¬
the lowest rate of interest and
lows: $90,000 in 1978; $95,000;
premium if .any, above par at
ifrom 1979 to 1985, and $92,000
which such bidder will .purchase
in 1986.
said bonds, or (b) the lowest
rate;
of interest at which the bidder
300,000 Bouth Bay Cities Sanita—'
Marshall ^County (P.O.Cunters*
ville), 'Ala.
Bond Sale—George M. Wood &
Co., of Montgomery, and the Trust
Company of Georgia,
Atlanta,
jointly, were awarded on July 19
annex
office.
deemable whenever
All, of Birmingham.
an
at
These bonds
June 8.
on
of the (entire
Sanitation
County
Angeles
NEGOTIATIONS
AND
Districts i(P.- O. »Los Angeles),
>
Principal arid in¬
terest payable at the City Treas¬
bile, jointly, as 2V2S, at a price Of
100.400, a basis of 2.436%*. : Due
serially on Jurre 1;; from 1949 lb
1963
inclusive. Approved as ltd
legality, by Whiter-Bradley,. Arajit
&
authorized
were
issue
$250,000 school warrants was pur¬
chased
recently by George M.
Wood
&
Co, of
Montgomery,
-Trust Co. of Georgia,
Atlanta, and
the
$345,000 in 1952.
Los
DEPARTMENT
San Miguel Union Elementary
Sch. Dist., San Luis Obispo
.
THE
56/(492)
;
payable at the County Treasurer's
I office.
Bidders to name the rate
of interest the bonds will bear. A
certified
bonds
check
bid
10%
of
the
payable
to
the
for
for,
Chairman of Board of Supervisors,
Is required. ;/
sonville,
jointly,
COMMERCIAL
at"
2.90s,"
as
Bond Offering:—Vinton A. Da¬
ley, Clerk of Board of Directors,
receive
sealed
bids
until
8
(Calif. DST) on Aug. 9 for
purchase of $70,000 not to
exceed 5 % interest sewage dis¬
posal system bonds, Dated Sept.
1,
1948.
Denomination $1,090.
p.m.
Bonds Voted
held
Due
Sept. 1, as follows: $2,000
1953, and $3,000 from
1954 to 1973 inclusive. Principal
and interest (M-S) payable at the
County Treasurer's office, A cer¬
tified check for 5% of the bonds
bid for, payable to the President
<of Board of Directors, is required.
on
Wildomar
County
■
-
Sch. Dist., Riverside
(P.O. Riverside),
Calif,-
-
-
Bond
»
/
*
Offeringr-^-G. A.
PequegClerk,i will receive
/sealed:bids until 10 a.m.(Calif.,
DST) on Aug. 9 for the purchase
/ of
$17,000 not to exceed 5% in¬
terest school bonds. Dated Sept.
1,
1948. . Denomination
$1,000.
Due $1,000 on Sept;-1 ,; irbm, 1951
to 1967 inclusive.
Principal and
interest
(M-S)
payable at ' the
.
County Treasurer's office. A
cer¬
of the bonds
tified check for 5%
bid for, payable to the Chairman
-of Board; of Supervisors, is re¬
quired.
COLORADO
/
(P. O. Rifle), Colo.
Voted
At
—
ditional; /A; certified
election
City
held
the
County School District No. 7
(P. O.. Easton), Colo.'
school
'
CONNECTICUT
Bridgeport, Conn.
\ ,/
Bond Sale—The $$00,000 trunk
sewer
and disposal plant, series
-1948
bonds offered on .July 28
—v. 168, p. 293—were purchased
by Harriman Ripley & Co., Inc.;
Hemphill, Noyes & Co., and A. G.
Becker & Co., both of New York,
Jointly,s as 1%S, at a price of
100.06, a basis of 1.488%. Dated
Aug. 1, 1948.
Due serially on
Aug. 1, from 1949 to 1960, incl.
'The next highest
Moseley & Co.,for 1.60s, at
;
.^ •
receive sealed
(CDST) on Aug.
will
sealed
receive
v; i-
-fJ
,
'
100.44.
ceive
sealed
(CDST)
chase
Bond
bids
until
11
F.
Rain¬
$10,000
bow School bonds offered on July
20
purchased by the Pyper
Co./ Inc., of Council: Bluffs, as
3^s, at par.
re¬
p.m.
Aug". 18 for the pur-r
$450,000 not to exceed
on
of
Sale—The
were
Monroe Indep. Sch. Dist., Iowa construction
Bond Offering — Dean Vaughn,
July 1, 1948. De¬
President of Board of Directors,
nomination $1,000. Due $25,000 on
wil receive sealed bids until 8 p.m.
July 1, 1949; Jan. and July 1, 1950
(CST) on Aug. 3 for the purchase
ana lwol; $25,000 Jan. and
$15;000
of $10,000 2% school bonds. Due
July 1, 1952; $15,000 Jan. -and
$1,000 from T950fo 1959 inclusive.
July 1, from 1953 to 1955; $15,000
Bidders to decide on "the legality
Jan. and $12,000 July 1, 1956, and
of the issue before sale date.
$12,000 Jan. and July 1, from 1957
to 1963, all incl. Rate of interest
Russell; Iowa'
to be in multiples of y4 of 1%, ( Bonds Voted — At an election
interest
sewer
,
,
■
>
.
,
—
restraining order.
Hammond - Sanitary - District* Ind.
Bond Offering—Arthur G. Bor-
GEORGIA
City Controller, will receive
bids until 2 p.m. (CDST)
Aug. 16 for the; purchase of
man,
Chatham
ILLINOIS
Cook County Forest Preserve Dist.
(P.
O, Chicago), 111.
,
for
bidder
at
the
expense
Township. A certified check
terest
1;;;
and-not
1%
land
to be in multiples of
shall
be
more
named
y4 of
than one rate
by
each
& Co.,
Stifel, Nicolaus & Co., and
John W. Clarke Inc., all of Chi¬
cago, jointly, at par, as follows:
$500,000 as l%s, maturing on Aug.
1, from 1949 to 1953; $100,000 as
2y8s, maturing Aug. 1, 1954, and
$400,000 as 2% s, maturing from
1955 to 1958 inclusive. Dated Aug.
1,1948. Legal opinion of Chapman
& Cutler, of Chicago.
payable to the School
Township, is required.
will be sold subject
approving opinion of Chap¬
Chicago, whose
opinion will be furnished the
purchaser at the expense of the
Said
man
bonds
& Cutler, of
District. A certified check for 3%
of the bonds bid for,
is required.
Wakarusa, Ind.
Bond Offering
Town
ceive
sealed
(CDST)
chase
—
Melvin Flory,
Clerk-Treasurer
bids
will
until
2
re¬
p.m.
Dated
July 1$, 194$/ De¬
nomination
$1,000; ohe for1 $500.
Due $4,500 Jan. and $2,000 July
1, 1949, $2,000 Jan. and July 1,
on
•
'
*
'
■
.
•
•
•
294 Jan.' 1, 1958, or on any interest
;. A certified check for $500
were
purchased
by v.Halsey, payment date thereafter in direct V v V payable. to the Township, is
Stuart & ,Co., B; J. Van jngen & numerical/
or&er "at' par^ and ac¬ (A;; required./;vv \
JCo
of New York, -Leedy, Wheel- crued interest .tQ date, of .redemp- V Dated June l,1948.
penomin^p.
—
Warren, Ind.
$64,000 electric
Bond SaIe-~The
^rihcipsj ■ and: interest: ( J-J)
Clyde €: ♦ Pierce'* Corp.,-' of Jack¬ payable at, the Continental Illinois
tion
in
Bond Offering—Frank D. Peter¬
Secretary of Board of Trus¬
tees, will receive sealed bids until
son,
rial auditorium-field house
nue-bonds,
Dated
Aug.
Denomination $1,000. Due
1,
reve¬
1948;
on-Aug/
1/ 'as follows: $40,000 from 1950
to 1955, and $45,000 from 1956 to
1968 inclusive. The bonds'will not
be subject to redemption
until
Aug, ,1, 1953, but on and after
that date outstanding1 bonds Will
be subject to redemption at the
option of the Board of Trustees
as
a
whole
inverse
or
in
part,
in
theit
numerical
order on any
interest date upon 30 days' prior
notice, y If redemption is on or
after Aug. 1, 1953, but prior to
Aug. 1, 1958, the redemption price
will be 102V2; if redemption is on
or after Aug. 1, 1958, but prior to
Aug. 1, 1961, the redemption price
will be 102; if redemption is
*
-
,
(DST)rr;on; Aug./ iOvfov,:th&Apur-;
c^se i /of; ($13P,P9Q. /2 Va %,
Garnavillo,
,
tioiL
,
utility revenue bonds offered on
July 27—v. 168, p. 294—were pur¬
chased by Fox, Reusch & Co., of or after Aug. 1, 1961, but prior
Cincinnati, as 3y4s, at a price of to Aug. 1, 1963, the redemption
101.57, a basis of $.066%. Dated price will be 101%^ and ;if re¬
July 1, 1948. Due serially on Jan. demption is effected ;bn ot'jafter
1, from 1950' to 1967, incl. : The Aug. 1, 1963, redemption1 Will bfe
par. ; Principal
sidd ihfeirest
next highest bidder Was the City at
Securities Corp., Indianapolis, for payable at : the Unibtt, !B^nk-' &
Trust Co., Lexirigtoh.j The bonds
3y4s, at 101.37,
will be registered 'as tp principal
Washington County (P. Oi
only. The Boatd of1 Trusses"will
furnish the approving legal bf)iii-i
Salem); Ind,' '
Bond Sale—The $200,000 mem¬ ion of Chapman & Cutl'Cr 'oi ■Chi1-*
orial hospital bonds offered on cago, without expehsfC' to 'thc; pur*
July 23 —; v. 168, p. 196 — were chaser. »A • * certified »• th^fckfor
purchased
by
the
Indianapolis $15,000 payable to the Univefsity
Bond •& Share Corp., of Indianap-. -iS required;
olis, as 2y4s, at a price of 100.77,
a basis
of 2.175%. Dated March
.1, 1948. Due' serially on July 1,
Sear sport; W^aterDts
front 1949 to 1967 inclusive.
The
Bond Offering—Clement Whitnext highest
bidder was / John tier, Chairman of Trustees,
will,
Nuveen & Co., for 2% s, at 101.943.
receive sealed/ bids .until- 11; a.m.
-
^Mndor%hdlbe
Bond Sale—The $345,000 school
building revenue bonds offered on
July 21 were purchased by the
W. C. Thornburg Co., of Cincin¬
nati, as 4s. Dated J July 1, 1948;
Due serially on July 1, from 1949,
to ,1973 inclusive.
.
...
a
„>i
10 a.m. (CST) on Aug. 9 for the
Aug. 12 for the pur¬
purchase of $825,000 2% % memo¬
$25,000 ndt to exceed
Delavan, III.
Bonds Voted —At ah election C. J. Devine &
Co., of New York, be named by each bidder. The
held recently the voters approved
and r the -Fort
Wayne National approving opinion of: Ross, Mc¬
the
issuance
of
$40,000
water
Bank, Fort Wayne, jointly, as 1 %s,! Cord, Ice & Miller, of Indianapo¬
works improvement bonds.
at a price of 101.07, a basis of lis, will be furnished. No condi¬
1.621%. Dated Aug. 3, 1948. Due tional bids will be considered. A
Glen Ellyn, III.
Bond Sale—The $430,000 water serially on July l,^from 1950 to certified check for $500 payable
1969 inclusive. The next highest to the Town, is.required.
and sewerage revenue bonds of¬
fered
~'A:
on
of
4y2% interest street improvement
bonds.
0 J
Tomkinsvitte)/Ky,
University of Kentucky (P. O.
f
»Lexington)* 'Ky;:-^yrr(^
from 1950 to 1953, and $3,000 Jan.
Indianapolis School City, Ind. \
Band Sale—The $200,900 build¬ 1, 1954. Rate ©f interest to "be in
ing bonds offered on July 23 — multiples of % of 1% and nbt
v. 168, p. 294—were purchased by
more than one interest rate may;
V
Monroe County (JF\ O.
1959 inclusive.
bidder.
to the
presentation at the Ken¬
tucky Trust Co.f Louisville.
upon
$500
Union County (P. O, Liberty), Ind.
on
Bond Sale—The $40,000 bridge
$380,000 not to exceed 4% interest
bonds offered on July 26—v. 168,
sanitary bonds. Dated Sept. < IV
1948. Denomination $1,000. Due on p. 294 — were purchased by the
Union County National Bank, of
Jan. 1, as follows:^$15,D00 from
Liberty. Dated July 1, 1948. Due
1950 to
1969, and $16,000 from
1970 to 1974 inclusive. Rate of in¬ serially on July 1, from 1949 to
school bonds.
Bond Sale—The $1,000,000
successful
of the
sealed
'
/P; O. ■. R, 4; Council Bluffs),
premium/ if any/ Bids should
bonds ?: offered; on July 23 were
tenders in excess of par and ac*
specify -a single rate of interest Monroe Township School Township
crued interest will be accepted. *
purchased by Russell,s Long' &
for all the bonds.- Executed bonds
(P. O. Monrovia)i Ind. • V
<
Burkholder of Lexington, AlmAccrued interest will be paid to
Bond Offering — William Mcand approving upinioh of Unapstedt Bros., and Stein Bros. &
Sept. 1, 1948, on all bonds pur¬ mari &
Trustee/: will' receive
Cutler, of Chicago will be Cracken,
chased. Bonds will be purchased
Boyce, both of Louisville, jointly,
furnished the successful bidder sealed: bids until 8 p.m. (DST) on
as 3s.
Dated June 1, 1948. Due
to the extent funds are available
without cost. Delivery on or about Aug. 13 for the purchase of $22,serially on June 1, from 1958 to
beginning with those tendered at
Sept. 23, > 1948. The right is re¬ 000 not to exceed 4%% interest 1965
the lowest price.
inclusive.,
served to reject any and all bids. improvement bonds. Dated Aufiri,;
1948. Denomination $1,000.
McLean County (P.
A certified check for $15,000 pay¬
Due
Winter Park, Fla.
j
;
Calhoun), Ky.
v.
.Bond Sale—The $300,000 sewer able to J. Ira Cobb; City Treas¬ $1,000 on July 1, 1949, and Jan.
: Bond Call
and July 1, from 1950 to Jan. 1,
H. Clyde Reeves,
revenue bonds offered on July 26
urer, is required.
1960 inclusive. Rate of interest to State Local Finance Officer, an¬
—>-y. 168, p. 294—were purchased
be in multiples, of y4 of 1% and nounces that the 4% road and
INDIANA
by the Equitable Securities Corp.,
not more than one- interest rate bridge renewal bonds Nos.
Stranahan, Harris & Co.* Inc., of
120,
Connersville School City; Ind.
shall be named by each bidder, 131, 133, 134, 136 and 138, issue
Toledo, and the Robinson-Hum¬
Bonds Not Sold—The $280,000
The approving opinion of Ross, of June 1/ 1938, selected by
lot,
phrey Co., of Atlanta, jointly, as
building bonds offered on July
McCbrd//IceV&/Miller; bf: Indian¬ are called for redemption on Sept*
3s, at 98.14, a basis of 3.167%.
28—v. 168, p. 294-~were not sold
apolis,: will be furnished to the 1, 1948. The bonds will • be paid
Dated Jan. 1,1948. Due serially on
due to a court
,
& Alleman^of
:
V
.
Dist., No. 4
bonds.- Dated
.
July 26-rV. 168,
Lake Township Sup.
Iowa
r
,
on
$10,000
of
issuance
approved
,
July 26—v. 168, p. 294— bidder was the First National
were purchased by Harris, Hall &
Bank, Chicago, for l3/4s, at 100.94;
Co.; and Bacon, Whipple & Co.,
Middle Township (P. O.
both of Chicago, jointly, at a price ■*'•
Road
school
bonds
offered
on
Pittsboro), Ind.
July 29—v. 168, p. 391—were pur¬ of 100.33, a net interest cost Of
Bond Offering—Hildon E. Ayres,
chased by a syndicate composed 2.55%, as follows: $245,000 as 2V4s,
Township V Trustee, will receive
of the Harris Trust &
Savings maturing on Dee. 1, from 1949 to sealed bids until 2 p.m. (DST) on
Bank of Chicago; Glore, Forgan &
1961, and $185,000 as 2%s, matur¬
Aug. 16 for the purchase of $95,Co.; Kean, Taylor & Co.; C. "F, ing on Dec. 1, from 1962 to 1968, 000 not to exceed 4% interest
Childs &;Co.,\ all; of (New York; all inclusive,; Dated June; 1,/ 1948.
building: bonds, divided hs fbllows:
Trust Co. of Georgia, of Atlanta, The next highest bidder was the
$52,000; Civil Township bonds;
arid R. D; White; dc Co.; of New Milwaukee Co., Milwaukee, and
Due $1,000 on July 1, 1949;
York, as 2s, at a price of 100.83, Martin, Burns & Corbett, jointly,
$1,000 Jan. and July 1,1950
a basis of 1.992 %
Dated Aug. 1, for $180,000 as 3s, $90,000 as 2^s,
to 1962; $1,000 Jan. and $2,000
and $160,000 as 2%s, at 100.029. i;
1948. Due serially on Aug.
1, from
July 1, 1963; $2,000 Jan. and
1949 to 1968, incl. The next
high¬
July 1, 1964, and $3,000 Jan.
Princeton, III.
est bidder was Harriman
Ripley
and $2,000 July A, from 1965
Bond O f f e r i n g — Marjorie
& Co., Inc., and
Associates, for 2s,
to. Jan. 1, 1968.
A certified;
Grampp, City Clerk, will receive
at 100.80.
1
;'f
)
check for $500, payable to the
sealed bids until 8 p.m. (CST) on
Township, is required.
Aug. 16 for the purchase of $475,iFioRfitfk
000 not to exceed 3^% interest
43,000 School Township bonds.
vi..: ». > Gainesville?; Fid.> ''•••'/-1-I ' sewer bonds. Dated Juiy
Due $1,000 July '1, 1949; $2,1, 1948.
* 000
Certificate Sale — The $850,000 Denom. $1,000.
Jan. and $i;000 July 1,
Due $25,000 oh
f
? from 1950 to
water and electric revenue series Jan. 1 from 1950 to
1961, and $2,000
1968; subject
Jan. and July 1, 1962 and 1963.
1948,certificates of indebtedness to call prior to redemption on
Stamford (P. O. Stamford),
Conn.
' f"
'Bond Sale—The $2,016,000Toms
offered
be
The ap¬ water works extension bonds.
,
acquisition bonds offered on July Principal and interest (J-J) pay¬
recently the voters approved
20 were purchased by A' fc. Allyn
issuance of
able at the City Treasurer-s office;
'bonds.
shall
bidder.
10 for the purchase of $1,500,000
refunding revenue bonds. Dated
Sept. 1,1948. Denomination $1,000.
tenders at the Union Trust Co.,
Due on Sept. 1, as follows: $150,St. Petersburg, until 11 a.m. (EST)
000
in
1953; $155,000 in 1954;
on Sept. 1 of 1%~5% bonds, dated
$160,000 in 1955; $165,000 in 1956;
Jan. 1, 1939, due. Jan. 1, 1974, for
$170,000 in 1957; $175,000 in 1958;
sale of said bonds to the city for
$185,000 in 1959; 195,000 in 1960, and not more than one Interest held recently the voters approved
cancellation through its sinking
and $145,000 in 1961. Principal and rate shall be named
by each bid¬ the issuance of $15,000 street im¬
fund, which now has approxi¬ interest
The approving opinion of
payable at the Northern der.
provement bonds..
;
mately $25,000 for such purpose; Trust'
Co.", .of Chicago. 'Bidders Ross, McCord, Ice' & Miller, of
Tenders must describe the bonds
KENTUCKY
should name the lowest rate of Indianapolis, will be furnished. A
tendered by number and denomi¬
interest for; Which they will pay certified check for $5^000, payable
nation f arid "must state the price
Carlisleti Ky.
',
par
and Accrued interest, plus to the city, is required.
Bond Sale—The $15,000 sewer
at; whichf they are. offered. No.
At ah election
$125,000
rate
one
by each
Mtshawaka, Ind.
3%
M. M. Smith,
.
Clerk,
City
bonds.
—
will
a.m.
Tarpon Springs, Fla.
Tenders Invited—J W. Lincoln,
isspancfi:^ol»i$63;50Q > / school
Bonds Voted
Clerk,
bids until 10
—
-
—
*
Offering
than
Bond
Offering— Richard
Kleiser, City Controller, will
check for
Springfield, III.
Bond
Jan. 1, from 1950 to 1978 incl.
field recently the voters approved
Weld
The
$9,500 payable to the City, Unre¬
quired.
County (P. O.
Savannah), Ga.
Bonds Voted >- At ah" election
Walden Sch. Dist., Jackson County
held on July 22 the voters ap¬
(P. O. Walden), Colo.
^
Bonds Voted
At an election; proved the issuance of $1,000,000
'■
be furnished.
,
City- will furnish the approving
opinion of Chapman & Cutler, of
Chicago. All bids must be uncon¬
on
.
held recently the voters approved
the
issuance of
$24,000 school
/the;
proving opinion of Ross, McCord,
Ice 8c Miller, of Indianapolis, will
must be for all of the bonds.
election
an
named
..
| pat:;: County
Bonds
an
more
-
,
Rifle Seh± Dist,, Garfield County
At
Monday, August 2, 1948
Each bid shall specify a
single fate of interest in a mul¬
tiple of y4 or 1/10 of 1% which
cago.
July 20 the voters ap¬
proved the issuance of $90,000
City Ilall construction bonds.
the
.from 1949 to
—
FINANCIAL CHRONICLE
National Bank & Trust Co., Chi¬
a
price of 100.432, a net interest cost
of 2.874%. Dated July 1,1948. Due
serially on Jan. :1, from 1951 to
1976 incl. The next highest bidder
was
the
Equitable
Securities
Corp., Stranahan, Harris & Co.,
Inc., and Barcus, Kindred & Co.,
Strathmore Public Utility District,
jointly, for 3s, at 101,927,
Tulare County (P. O, StrathPort JSti Joe, Flo.
:
more), Calif,
will
&
/owa
Bonds .Yoted^AtA
$1,000V Rate of interest tQ bemultiples ofof
.an^ not tipn held;; on Jqne 30
.
\
J;:.
Dated
Sept.: lr 1948,«. De-
horiui^tioq,, $1,000;^ Due Sept, .^
s fPrmcipal;,
find v inte|^$t
ypters
;
,i
/'.'i .v;', •'»
Number 4721
Volume 168
at
payable
(M-S)
the
Shawmut Bonk of
Depositors
Said
Co.,
Trust
be
will
bonds
THE
National
Boston
the
or
Augusta.
callable
102, to and including Sept. 1, 1964,
101, thereafter to maturity.
The legality of the bonds will be
approved
by Locke,
Campbell,
and
Reid & Hebert of
Augusta, whose
opinion will be furnished the pur¬
chaser at the expense of the Dis¬
trict.
These bonds are legal in¬
vestments
for
savings
ton
Corp^ and Chemical Bank:&
Trust
Co., New York,
1.09%, plus $23.00.
banks
in
j
First
Harris
Trust
Bond
Offering
—
(DST)
a.m.
to
Due
on
Aug. 17 for the purchase of $650,000 not to exceed 3% interest gen¬
eral ' improvement coupon bonds.
Co.,
Hyattesville.
specify more than
terest to be
but
not
*
Bidders
by the bonds,
than
more
rate of in¬
one
borne
may
one
rate
for
each serial maturity. The legality
of the issue will be approved by
paving bonds:
Aug. 1 from 1949 to
the
date
of
the " bonds
charge. A certified check for $15,0Q0 payable to the County Treas-
Salisbury,
Bond Offering—Sealed bids will
be' received by Mayor E. R. White,
to
highest
p.m. (DST) omAug. 9
purchase of $250,000 not
the
exceed
1968
to
called
kins
inclusive.
The
&
next
101.401.
Revere^ Mass.
and
drainage coupon bonds. Dated
Aug. 1, 1948; Denomination $1,000.
Bond
clusive. Bidders to
name
the rate
[or rates of interest. The bonds
|will be delivered
in
Salisbury,
Philadelphia.
or
Thx*
$100,000 public^ buildings addition
.'rbqnds." Que- serially on Aug. 1,
[approving opinion of Niles, Bar[ton, Morrow & Yost, of Baltimore; ,t, frohi,1949 to 1958 incl//"y
|will be furnished. A good faith 100,000 macadam pavement and
|deposit
must accompany each bid.
,sidewalk construction bonds.
Due serially on Aug. 1, from
1949 to 1953 incl.
Ayer, Mass.
$105,000
Bond
Sale—The
|bonds offered
[purchased
|New York,
50,000 water bonds. Due serially
on
sewer
Dated Aug. 1, 1948/
2Vis, at a price of
2.053%. Dated
$5,000 on Aug.
Weymouth, Mass.
[101.85, a basis of
|Aug. 1, 1948. Due
]l, from 1948 to 1969 inclusive.
|next highest bidder was the
IHigginson
1101.275.
Corp;
for
Bond
offered
City
Treasurer,
sealed
bids
Aug;.
|$150,0Q0
on
will
until. 11
at
Stubbs, Lee Higginson Corp., F. S.
Moseley & Co., and Estabrook &
Co., all of Boston, as l3/4s, at a
price of 100.54, a basis of 1.65%,
Lovett,
$335,000
(EST)
for the. purchase of
seyver,* construction loan
4
$1,000.
Due
$10,000
to
interest
(F.-A.)
pn^tate,^of/interest in
a
.
yvill bp;.authenticated as to their
genuineness by the. above named
bank., The
favorable
Gray,
.purchaser. The right is
Served
"to inject
any or
-
bonds.
Aug.
1,
Due
from
se¬
1949
re-
Chicago, jointly,
all bids.
as
follows:
interest
after Jari. 15,
any
Jan.
15,
1975.
Bids
and
be
The
of
cost
legality
such
of
printing
of .the
the
opinion
bonds
will
paid
check
by, .the City. A certified
for $2,500 payable to the
City Treasurer, is required,
after
or
Feb.
1, 1959, but be¬
fore Feb. 1, 1961; $17.50 if called
for redemption on or after Feb.
1,
1961, but before Feb. 1, 1963; $15
if
called/for
redemption on or
1963, but before Feb.
$12.50 if called for re¬
after Feb. 1,
1, 1965;
demption
but
on or
before
after Feb. 1, 1965,
Feb.
1,
1967;
$10
if
called for redemption on or after
Feb. 1, 1967, but before Feb.
1,
1969; $7.50 if called for redemp¬
011 or after Feb. 1,
1969, but
before Feb. 1, 1971; $5 if called
yield to > the City, to be used
determine the dollar price on
the date of delivery.
to
Flint,
Mich.
ment
for redemption on or after Feb.
1,
1971, but before Feb. 1, 1973; $2.50
called
for redemption on ' or
after Feb. 1, 1973, but before Feb.
1, 1975. No premium if called for
redemption on or after Feb. 1,"
1975.» Registerable as to principal
only.- Rate of interest to be in
multiples of V4 of 1%. The inter¬
if
.
est rate for each Coupon
only.
able
of
period
bond shall be at
any one
Principal and interest
the
at
Chase
on
one rate
National
pay¬
Bank
New York
of
the
bonds.
The
cost
of
such
opinion and the printing of the
bonds will be paid by the City.
A certified check for
able to the City
$34,000
pay¬
Treasurer, is
re¬
quired.,
RoSeville, Mich.
Bond
Sale
-
The
$30,000 park
July 19 were
purchased by Crouse & Co., of
Detroit, at a price of 100.024, a net
bonds
—
offered
interest cost of
on
3.098%,
as
until
2
(CST)
p.m.
19 for the purchase of
2y2% drainage improve¬
bonds.
coupon
Dated
Aug.
1, 1948. Due on Feb. 1, as follows;
$5,000 in 1950 and 1951, and $6,000
from 1952 to 1959 inclusive.
cipal and interest (F-A)
Prin¬
payable
at any suitable bank or trust
com¬
designated by the purchaser,./
/County will furnish the
printed bonds and the approving' /
egal opinion of Dorsey, Colman,
Barker, Scott & Barber of Minne¬
pany
The
apolis
without
chaser.
A
cost
to
certified
the
pur¬
check
$1,160
payable
to
the
Treasurer is required.
for
County
,
Kenyon, Minn.
Offering —Hubert
tion
Bond
Akre*
Village Clerk, will receive sealed
bids until
10
for
8
(CST)-on Aug.
p.m.
the
purchase
of $130,000
permanent improvement revolving
fund coupon bonds. Dated
Aug.
1948.; Denomination $1,000.
Due
Aug. 1, as follows: $7,000 from
to 1954; $8,000 from 1955 to1958; $9,000 from 1959- to 1962;
$10,000 from 1963 to 1965; $11,000 v
in 1966, and $12,000 from 1967 to
1969,-all inclusive. All bonds ma-
on
1950
=
turing after 1958 shall be subject
to redemption in inverse numer¬
ical order, at the option of the
Village,
and
Aug.
on
of
1,
interest
accrued
mium
for
$20
1953, at par
plus a pre- '
each
bond
'
so
called.
Principal
and
interest
payable at any suitable banking:
irestitution designed by the pur¬
chaser.
The Village will furnish
the printed bonds and the approv¬
ing legal opinions of Dorsey, Col¬
man, Barker, Scott & Barber of
Minneapolis and Harold W. Moody
of St.
Paul.
A certified check for
f :j
$3,600 is required.
j
follows:
;
Nidaros Township (P.
Clithercdl), Minn,,
Bonds
$18,000
Voted—At
O.
election*
an
as 3V4S, maturing on Dec
1, from 1949 to 1954, rand $12,000
as
3s, maturing on Dec. 1, from
held recently the voters approved!
the issuance of $8,000 school im¬
1955 to 1957 inclusive. Dated
provement bonds,
1,
July
The next highest bidder
Barcus, Kindred & Co., for
1948.
was
3y4s,
at
/ly''1/;/:
Bonds Voted—At
100.07:
tion
sealed bids until 8 p.m. (CST) on
Aug. 9 for the purchase of $150,000
permanent improvement revolv¬
ing fund bonds.
Dated July 1,
>
Northfield- School -District, Minn„
held
special elec¬
a
July
on
16 the voters
issuance of $38,000
approved the
athletic field bonds^
Rothsay,Minn.
,
Bond
Chrl A.
and
Warrant
r
Offering—
Braun, Village Ctevk, will
receive
sealed
bids
until
8
p.m.
Aug. 10 for the purchase of
$95,000 bonds and warrants, di¬
on
vided
follows:
as
'■
•
■
••
<;
$54,000
sewage
bonds. Due
■> i
?'i
*
i
.
ft
~-'v •
■
.it
disposal
on
system
July 1, as fol-
;" lows: $2,000 from 1950 to 1952,
and $3,000 from 1953 to' 1966 ;
<
inclusive, option July l,:1958k
41,000 sewer warrants. Due eii:
July 1, as follows: $4,000 from
1950 to
Dated
July 1,
and interest
able
nated
to
1948.
payable at
Principal)
suit¬
banking institution desig¬
by the purchaser. Bidders:
name
(>.
1953, and $5,000 from
1958 inclusive.
1954 to
the rate of
any
interest in
■
a*
multiple of J/4 or 1/10 of 1%. The
approving opinion of Dorsey, Col¬
man, Barker, Scott & Barber ©£
Minneapolis,
and
the
printed
bonds
and
warrants
will
be
fur¬
nished by the Village. A certified
check for $1,900 is required.
Bond Offering—Albert C.
$80,000 from 1974 to 1978, all in¬
$300,000 water bonds. Due ser.v-*ially on July 1, from 1949 to
1958 inclusive.
$5,000,000 tem¬
porary loan notes offered on July
100,000 water:bonds. Due serially
27
Were
on July
purchased- by [ Halsey:
1, from 1949 to 1953
Stuart & Co., at 1.09%, plus'a
.inclusive. 4: '
1
premium of $62.00.-Dated JuWr30; h 1 OOjOOO wateir bonds.' Dde serially
1948. Due Nov. 10,(1948.'the -B&t j;'VL>on 'OetAl, ''from 1949 to 1952
highest bidder was the First Bos¬
-inclusive.
Sale—The
on
1958; inclusive.
Boston, Mass.
Note
1957, but before Feb. 1,
1959; $20 if called for redemption
on
bids
Aug.
$58,000
MISSISSIPPI
Yazoo: City,: Miss*
Bonds Approved
—
•
.
,
r
-
■
clusive.
The
bonds
will
be sub¬
ject to redemption prior to matur¬
ity, at the option of the City, in
.
inverse
numerical
order,
on
any
lage will furnish the printed bonds
and the approving legal opinion
of Dorsey, Colman, Barker, Scott
& Barber of Minneapolis.; A cer¬
tified check for $3,000 is required.
interest payment date on and after
Feb. 1, 1955.
Each bond called for
J
Kandiyohi County (P. O.
-Y;//
interest, plus
County
a
premium in
ac¬
to Legality
as
issue of
$165,000 bonds has
approved as to legality hy
Charles
&
Trauernieht
'
©f
St/Louist-
MISSOURI
Jefferson
i
t
-
County Consolidated^
School District No. 6
Bond
''i;,,
Willmar),
Mo.
Hillsboro),
-Bonds Approved as to
Legality
—An issue of $95,000
school bonds
has been approved as to legality
by
Charles
&
Trauernieht
of
St/ Louis.
'.rdhii • /«;
r '
J' « \ ' •' V *S' ' •
'C • y'» '
: \
•
/ Mount Vernon, Mo, .,.:
/
.
•
A.uditor,
.
.-j
w
W." Haines,
will
receive
'
•
•
(«*•
.
Bonds
held y on
Offering—J.
■
(P. O.
;
redemption shall be redeemed at
thereof and accrued
the par value
An
been
"
opinion of
Best Coolidge &
Rugg, of Boston, as to the validity
of the bonds; UWill'/be furnished
the
1,
sealed
on
57
,
jnultipie jOf "Vi of 1%. The bonds
Hopes,
a
Feb.
Feb. 1, 1957; $22.50 if
redemption on or after
1948.
Denomination $1,000.
Due
Hull/ $15,000 on Jan. 1., irom 1950 to
on A(ig. 1, from, 1949 to 1963,
City Clerk, will receive sealed 1959
inclusive.
Bonds / having
bids until 8 p.m. (EST) on Aug. 10
inclusive.
1
stated maturity dates later than
for the purchase of $1,700,000 not
Dated Aug. 1, 1948.
Jan. 1, 1954, will be subject to
The next
to .exceed, 3¥2%
interest water
highest bidder was Hornblower &
redemption and prepayment at the
supply system revenue, series 1 option of the Village on said date
Weeks, and associates, for l%s,
©oupon bonds. Dated Sept. 1, 1948.
at 100.40.
and
any
interest -payment date
Denom. $1,000. Due on Feb, 1, as
thereafter, at par and accrued in¬
Worcester, Mass.
follows: $45,000 from 1952 to 1954;
terest, in inverse numerical order.
Bond Sale—The $536,000 bonds
$50,000 from 1955 to 1958; $55,000 Rate of interest to be in multi-p
offered on July 26—v. 168,.p. 392 from 1959 to
1961; $60,000 from pies of y4 or 1/10 of 1%, Prin¬
—were purchased by the Bankers
1962 to 1965; $65,000 from 1966 to
cipal and interest payable at any
Trust Co., of. New York, and the
1968; $70,000 in 1969 and 1970; suitable banking institution
desig¬
Harris Trust & Savings Bank, of
$75,000 from 1971 to 1973, and nated by the purchaser. The Vilr
_ayab)ef, at >the - First
National
Bank' pf Bostqn. Bidders are to
parpfc
on
water department con¬
struction bpnds. Due serially
,
and
plus
1966 to 1970, in¬
order,
approving /the
200,000
on
Aug.^l.-Trom 1949 ; to 1963 incl.
rincipal
interest
qualified opinion of Miller, Canfield, Paddock & Stone, of Detroit,
net
school
rially
bonds. Dated Aug. 1, 1948.
oupon
Denonj,
follows:
as
receive
a.m.
on
were
Beverly, Mass.
Bond Offering—John C.
Sale—The $535,000 bonds
July 28—v. 168, p. 392
purchased by a syndicate
composed of Whiting, Weeks &
The
Lee
2 Vis,
Aug. 1, from 1949 to 1958
incl.
July 22 were
by Coffin & Burr, of
on
as
for
-
MASSACHUSETTS
:
years
after
bonds.
.'
(493)
Cummifig Township School District
sf MINNESOTA
(P. O. Rose City, k Mich«
Anoka School District, Minn.
Bond Sale—The $15,000 school
Bond Sale-^The $574,000 build¬
bonds offered on July 27—v. 168,
ing bonds offered on July 22—
p. 392—were purchased by Crouse
v. 168, p. 295—were purchased
& Co. of Detroit, as 21/2S, at a
by
price of 100.115, a basis of 2.46%. a syndicate composed of the First
National Bank, Allison-WilliamsDated June 1, 1948.
Due serially
on April 1, from 1949. to 1953 in¬
Co., J. M. Dain & Co., all of Min¬
neapolis, First National Bank, of
clusive.
St. Paul, Kalman & Co., North¬
Detroit, Mich.
western
•»:.*•r;Vrv>'. j' 1
National
-'.r-Xid-iBank, C.
S.
Tenders Invited—John N. Daley, Ashmun
Co., all of Minneapolis,
City Controller; announces that lie Shaughnessy & Co., Mannheimerwill receive offering until 10 a.m. Egan Co., both of St.
Paul, and
(EDST) on Aug. 3 of general obli¬ Piper, Jaffray- & Hopwood, of
gation bonds of approximately Minneapolis, as 2V2S, at a price of
$420,000 for the City Sinking 100.353, a basis of 2.46%. Dated
Fund, Water Board Division, un¬
July 1, 1948. Due serially on July
der the following conditions:
No 1, from 1951 to 1966 inclusive. The
offerings will be accepted with only other bidder was Juran &
maturity dates prior to April 15, Moody, and Associates, for $419,1956; all offerings shall be in writ¬ 000 as 2V2S, and $155,000 as
2%s,
ing and small be sealed, offerings at 100.16.
shall show the purpose, the rate
Edina, Minn.
of interest, date of maturity, and
Bond
the yield.
Offerings will be ac¬
Offering — Bower Haw¬
cepted on the basis of the highest thorne, Village Clerk, will receive
:
Sale—The
$250,000 bopds
offered on July 22 were purchased
by Lyons & Shafto, of Boston, as
2V4s, at a price of 100.319, a basis
of 2.18%, as follows:
|Pue. serially from 1954 to 1966 in¬
Jan., 15, 1961, at
shall be conditional upon the un¬
interest * sewerage
5%
1 Baltimore
on
bidder J was
Whiting,
Stubbs,"and Robert Haw¬
Co., jointly, for 2%s, at
Weeks1
Jr.; until 8
for
*
as
1949
Md.
After
accrued
payment; date on or
1971, at; par and accrued interest
plus a premium of $5.00. No pre¬
mium/shall be paid on bonds
2%s< at a price of
a basis of 2.069%.
Dated
Aug. 1, 1948.
Due annually from
|urer».is required.
or
numerical
392—were
jointly,
101.51,
on
and
inclusive, shall be redeemable at
the option of the City in inverse
July 28—v. 168,
purchased by the
First National Bank, and the Lee
Higginson Corp., both of Bostqn,
without
1965, inclusive,
plus a premium of $10.00. Bonds
maturing in the years 1971 to 1975,
Bond Sale—The $185,000 school
p.
'
City. Bids shall be
clusive, shall be redeemable at
conditioned upon the unqualified
the option of the City in inverse;
opinion of Claude H. Stevens of
numerical order, on any interest
payment date on or after Jan. 15, Berry, Stevens, Barbier & Evely
of Detroit/ approving the legality
1966, at par and accrued interest
The next highest
Coffin & Burr, for
bonds offered
to
premium of $15.00. Bonds matur¬
inclusive.
MontagueMass.
1949
City, in inverse numerical
on any interest payment
ing in the
2i/4s, at 100.775.
Baltimore,
and
the
approving
opinion of this firm will be deliv¬
ered, upon request, to the pur¬
chaser
par
by Whiting, Weeks &
Stubbs, and Robert Hawkins &
Co., both of Boston, jointly, as 2s,
at a price of 100.399; a basis of
1.952%. Dated Aug. 1, 1948. Due
serially on Aug. 1, from 1949 to
Niles, Barton, Morrow & Yost, of
1961 to
years
order,
//V ■*"C:
..
was
from
shall be redeemable at the option
of the
Boston Corp.
bidder
on
multiples
Principal and interest
(J-J),payable at the Allegan State
Bank, Allegan. Bonds maturing in
are dated Aug.
1, 1948. Second high bid of 101.05
for 2V4S was made by the First
1966
$3,000
1948. De-.
July 15,
15,
of % of 1%.
Dated Aug. 1, -1948.
Denom. $1,Lenox, Mass. ■
000.
Due on Aug. 1, as follows:
■j Note Sale — The $90,000 school
$18,000 from 1949 to 1953, and house addition loan notes offered
$28,000 from 1954" to 1973 inclu¬ on: July 22r-v.
168, p. 295—-were
sive. Rate of interest to be in mul¬ ourchased
tiples of % or 1/10 of 1%. Princi¬
pal and interest (F-A) payable
at Prince George's Bank & Trust
July
$500. Due
follows:
coupon
Rate of interest to be in
; ;
All of the bonds
r
Dated
revenue
water
1953; $4,000 from 1954 to 1958, and
$4,500 from 1959 to 1978 inclusive,
1958 incl.
r
system
bonds.
of:
,
interest
nomination
as
1968 incl.
on
exceed
supply
55,000 permanent
William A.
Carson, J President of Board of
County Comissioners, will receive
sealed bids until 11
,
Savings Bank, of
as
2y4s, at a price of
basis of about 2.079%.
1949 to
v
Allegan, Mich. '
; •
J: Bond Offering—P. H. Beauvais,
City Manager, will receive sealed
bids until 8 p.m. (EST) on Aug. 5
for the purchase of $125,000 not
■.
$520,000 veterans' rental housing
bonds. Due on. Aug. 1, from
George's County Metropoliban District (P. O*
Upper Marlboro), Md.
••
MICHIGAN
&
Sale consisted
MARYLAND
Prince
-
'
Lawrence, Mass. ; ;
j
Bond Sale—The $575,000 cou¬
pon
bonds offered July 29—v.
168, p. 392 — were awarded to the
Chicago,
101.439, a
Maine.
;y '■ .v' V'
but before
called
.
Co., for 1 y>s, at 100.43.
Corp., as 2s, at a
price of 100.55, a basis of 1.942%.
Dated Aug.' 1, 1948. Due serially
on
Aug. 1, from 1949 to 1968
-
with, •. the ; following
bonds. Due cordance
1, from 1949 schedule: ,$25 if called for re¬
/ demption on or after Feb. 1, 1955,
July 1, 1948, except the
water bonds which are
dated Oct. 1, 1947. The next high¬
est bidder was Wood, Struthers &
Boston
inclusive.;;;
sewers
on July
to 1954 inclusive.
$100,000
purchased by the
were
—
'
CHRONICLE
Dated
Gloucester, Mass.
Bond Sale—The $350,000 school
bonds; Offered on July 26—v. 168,
392
FINANCIAL
serially
i
:
p.
&
36,000 trunk
! V
jointly, at
''V '•'.' • / ' :
.
mmm
COMMERCIAL
on
interest date upon 30 days'
published notice, at 105, to and
including Sept. 1, 1952; 104, to
and including Sept. 1, 1956; 103,
to and including Sept.. 1, 1960;
any
l.,i{
i/'; fe:'"
vwr
proved
Voted—At
the
election
July 20 the. voters ap-r
the issuance of $150,000
sewerage
,
disposal plant bonds.
,
(494)
58
.
MONTANA
to 1968 inclusive.
est bidder
Plains,. Mont,
not
on
///
,
Not? Voted—At' an
Bonds
-
tion held
the issuance of $76,-
bonds offered
Jersey
$35,000 school
on July 28—v. 168,
Powder' RiverCounty (P,. Qv; //
p. 296—were; purchased- by B» J.
Btoadus), Mont. '.*>*-/
Bonds Not Votedr—At a special Van Ingen &; Co», of New- York,.
Sale—The
bonds offered
did
ers
of
not
asr.l%s, at a price of 100.05, a
July 20 the votthe issuance
on
oasis
approve
•
of
NEBRASKA
bidder
•
tional
Howard
No.
-
School District
(P. Q; Far-Well)^ Neb.
County
67
Voted*—At
Bonds
held
July
on
school
of
issuance
the
proved
election
an
the- voters
21
bonds.
r)
Offering—M.
Na¬
100.162.
Township School' District
R. F.D. Old' BridgeK
(P. O.
.
New-
-
Jersey \
Offering/—Ruben F. Millee, District Clerk, will receive
sealed bids- until. 8; p.m; (DST) on
-f
r,i;
Rutherford
Bank, Rutherford, as 1.80s,
Madison
ap¬
$65,000
*
,
Omaha, Neb,;
J.
Bond-
at
the
wasv
Bond
Dineen,
Aug, 5 for the purchase of $273,000, not to exceed 6% interest
purchase of $518,000 not school coupon or registered bonds.
to exceed 3%
interest series of Dated* June 1, 1948*
Denomina1848-coupon bonds, divided as:fol- tjon
Due on June J>. 39:
lows:
1
'
follows: $15,000- from 1950 to: 1955;
Jr., City Clerk, will receive sealed'"
bids until 10 a.m. (CST) ron Aug.'
ft/for the
^
strelt
street
iso'ooo
iou,uun
$1.0,00(1 ffOffl
VinnAc
(tjoqa aaa> ennrfe '
bonds,
,[
ers
.
1972,, j and1
navohio. nt
Farm-
(J-D) payable at the Farm¬
& Merchants Nationah Bank,
Matawan., Each bid must specify
^
,
A
-p,,
(y
78,000; police equipment bonds.
,
1956/ tO
813,000 in 1973, Principal and-in.
terest
boulevard
oouievara
and
ana
..Dated Aug. 1, 1948. Denom. $1,Due Aug. 1, 1955 Bonds arc
redeemable at the option of the
a
sjng|a rate of interest in multiples 0f y8 or 1/20 of 1%,
The
000:
bidder
successful
will
fur-
be
City, five years/ or more?*from- date- nished; with, the opinion of? Haw*
issue.
Principal and interest kinS) Delafield & Wood, of New
(F-A). payable at. the County; York City* that the- bonds- are
Treasurer's;
office.
Bidders
to valid anck legally binding obliganame a, single rate of interest: for
tions of the Board of Education,
all of the bonds in a multiple of ^ certified check for $5*460 pay of
1210 of 1%.
The-^ity
the Board of Education,
the printed bonds and the favor-
Mercer County* (P.
ler, of Chicago.
The fee for the
opinion must be provided by the
purchaser but a certified tran-
4
-
(X. Trenton),
Neuy Jersey
\
(
at
a
price of 100.144, a basis of
f.91%; Dated Aug; 1,1948* Due
serially on Aug. 1, from 1949 to
1958
inclusive.
The only other
bidder was J. G. White & Co.,
Sale—The
;
im-
$450,000
Reported: in our July 19 issue-^ New: York has; been / appointed •
,'s" *' V;
/i
agent
for
the
following
v; 168, p. 296—we learn that the fiscal
Wyckoff Township, School- District
bonds were sold at par.
Authority bonds: $6,100,000 Jacob
(Pi O. Wyckoff ), N, J.
Riis
City
Houses
Project
Noi
Bond Offering—Harold QuackKinderhook, N, Y.
r
NYC-3
due
serially
July
1, •
/ Bond Sale
enbush, District Clerk, will re¬
The $30,000 water
1949/97;
$4,925,000
Jacob / Riis •
ceive
sealed
bids
until 8 p.m. system — 1948 bonds offered on
Houses Project No. NY-5-8 due
(DST) on Aug. 9 for the pur* July 22—v. 168, p. 297—were sold
serially July .l, 1949/97; $904,000
chase of $119,000 not to exceed locally
as
1,80s.
Dated May 1,
fourth issue, series A, due serially
6% interest school coupon or reg¬ 1948. Due serially on Nov. 1, from
Jan.
1, 1949/65;t and $6,296,000
istered bonds. Dated Aug. 1, 1948. 1949 to 1977 inclusive;
The next
fourth issue, series B, due serially
Denomination $1,000. Due on Aug. highest .bidder was* E* H, Rollins
fannl, 1968/2001. -/
;
1, as follows: $7,000 in 1949, and & Sons, for 2.70s, at 100.08;
Niagara- Falls, N'. Y\
$8,000 from 1950 to/ 1963? inclu¬
Medina^ N\ Y,
sive. Principal and interest (F-A)
[ NotevSale!— The $97,30,0 bond
Bond Offering—Stillman Pratt,anticipation notes offered on July
payable
at
the/ First National
Village^ / Treasurer, will receive 26
Bhnk, Wyckoff* Each, bidder must
—V///168, p. 394 —were pur¬
sealed bids until 1 p.m* (DST) on
chased by the Manufacturers and
specify a single rate of interest
which the bonds are to bear in a Aug. 5; for ther purchase of $34,-. Traders/Trust Co. of Buffalo, at:
00$/not5/ to- - exceed/ 5% / iriterest;
multiple, of." Vs. or 1720* oi, 1 %. *.The
1%, plus a premium of $6.08/,
successful
bidder/ will
be
fur¬ athletic/field, coupon, or registered Dated Aug. 2, 1948. Due Aug. 2,
bonds/ Dated July 1,. 1948.De-* 1949; The next
nished with the opinion of Haw¬
highest bidder was/
nomination $1,000.
Due on July Laidlaw &
Co., at 1.10%,/plus
kins, Delafield
Wood of New
1, as follows: $3,000 from 1949 to
$48.65;
Yorfc City, that, the; bonds are
1954, and $4,000 from 1955 to 1958,
valid' and/ legall y binding obliga¬
Patchogue, N. Y,
$11'teeiusive;/Bate of" interest; to
tions of the/Board of Education.
Bond
Offering — F r a n k.. L>
be in / multiples, of V4, or 1/1Q of
A certified^ check fon $2,380; pay¬
1%, and' must1 be the same for all Brophy, Village/ Clerk, will re«.;
able to the Bbardi)f.Education,;is
of* the bonds, / Principal and in- ceive
sealed bids/ ?untij| / ^ p.izu
required;
terest(J-J)payablealtheMedi}ia (DST) on Aug., 5/for? the/purchase .
Trust Co., Medina,: The; approv¬ of $38,000 not to exceed 5% in- 1
NEW MEXICO
—
*
>
-
,
-./V.,
,
28—v. 168, p. 296—were purchased
by the National State? Bank of
Newark Donald MacKinnon &
Co- of New- York and *C. C. Col-
f-"
,v
.
,
41
'
j '1
,
Bayard^ Ni Mex,
Sale—The
Bond
$77,000
bonds
$30,000 water bonds.
35,000/ sewer bonds.
12,000: street/improvement bonds:
Dated1 May
1,
Due seri*
1053
1948.
allv pn May 1,. from-1949 to
inclusive.
School
Eunice
Lea County
District
Noi
8,
(P. O. Lovington),
N, Mex,
(
,
Bond Sale—The $525y000 school
bonds offered on July 13—v. 167,
^
p.
„
elusive.
„
The
next highest
bidder
VDSTYo-riifTfVthrDWctt wasLa1dlaw&X6„tod,Equitable
uuu ^ 1/2S> atllRUM.
anticipation-notes.-Dated'Aug. 10,
1948.
Due- Dee. 28, 1948.
Dei
2839—were purchased by Stern
Bros.- &;
Co., City National Bank
Soden-Zahner Co;, all
City; Boettcher & Co.
of Denver? First- of Texas Corp*
of San Antonio and Lucas, Eisen
& Trust Co.,
of
Kansas
Neptune City^ Ni J.
& Waeckerle, Inc. of Kansas City,
/ Bond Salfc^-The $19,000 general
as 3s, at par.
Dated July 1, 1948.
improvement bonds ; offergd on Due
serially on Jan. and July 1
uineness and validity by the First ( July 26~v: 168;
p; 393—werepur-1
frpm 1949 to 1958 inclusive*
National Bank of Boston,; under chased bv the First National Bank
the advice of Storey, Thorndike, of Bradley Beach, the only bidNEW YORK
]*'■.' \'*"n
s*.
Palmer, & Dodge of Boston,
der, as 2.90s, at a price of 100.30,
Brewerton " Fire DistrictCicero
a
basis of'2.84%;
Dated Aug. 1,
Manchester, N. H.
andiHastings* Ni Yi 11
Bond! Sale—^The' '$590iO0ft: bonds J948£>£ serially un Aug. 1, 1 Bond Offering — Edward Kopt,
offered July 29s1 were: awarded to
1949 to 1958 inclusive.
District
Treasurer, will receive
sealed
bids
at
the- office
of
c '«•"
Providence
Salomon/Bros. & Hutzler, both of
rj-«
*-\
pe l /.
h*iaV>ta\
George L.
Down,1 107 Church
New/ York; jointly* as, 3s, at a
Street, North Syracuse, until 2
i
Bond Sale—The $300,000 school p.m. (DST) on Aug. 3 for the
1.785%. Sale consisted- of.,
I bonds offered; on July 26—-v., 168, purchase of $30,000 not to exceed
$185,000; bridge; and sewpri con- p. 296^—were purchased by: the 5% interest fire house coupon or
struction bonds. Due Aug. 1, National State Bank of Newark, registered; bonds: Dated May* 1,
Denomination; $500.
as follows: $10,000 from 1949. and- the
Due
Summit Trust Co. of 1948.
to 1953, incl., and $9,000 from
Summit, jointly, as 2.35s; at .a $1,500 on May 1, from 1949 to
1954 to 1968 incl.
i price
of
100.1045,
a
basis of 1968 inclusive. Principal and in¬
305,000 municipal, improvement 2.349%. Dated Aug. 1, 1948. Due terest
(M-N)
payable1 at
the
and/ equipment bonds. Dueyserially 6n Aug. 1; from 1949 to Cicero State Bank, Cicero.
Bate
Aug. 1, as follows: $31,000 , ipgg inelusivev The next highest of interest to be in multiples of
from 194$ to 1953 inch, and bidder? was Boland, Saffin & Co., 14 or-1/10 of i% and must be the
The
$30,000 from; 1954 to 1958 inch and Van Deventer Bros
Inc., same for all of the bonds.
100,000
highway i improvement jointly, for-2.40sj at> 100.33.
approving opinion of Vandewater;
bonds. Due $10,000. on Aug. 1
Sykes & Heckler of/New York
from 1949 to 1958 incl.
Sayreville School District, N. JCity, will be furnished to. the
Bond Offering*-Baul R: KarThe bonds' are dated Aug.
purchaser, without cost. A certi¬
1,
1948. Second high bid of 100.839 bowski, District Clerk>: will re-i fied check for $600 payable to the
sealed bids until 8: p;m. District, is required.
for 2s was made by the Harris qeive
(DST) on Aug. 9 for the purchase
Trust & Savings Bank of Chicago.
of? $ 100,000 not to exceed 4 % in* Erwin* (Pi O, Painted." Post), N. Y.
Bond/Offering — J.
E.
Allen,
Nashua, N, Hi
terest School coupon or registered
nomination
will
$25,000.
These notes
authenticated as to gen¬
be
:
,
?7s«*°fIff-Pf ab°Ut
_
.
,
:
*
"Note Sale—The $100,000 tempo¬
bonds. Dated June 1, 1948. Denom.
notes offered on July
purchased by tbe Second
National
Bank
of
Boston,
at
$1,000. Due $5,000 on June 1, from
1950 to 1969 incl. Principal and
July 27,
1948. ;: Thp
next highest bidder, was the First
National Bank, Boston, at 0.88%-.
First National Bank of Sayreville,
loan
rary
27
were
Due
1948.
r.
7.''-r-.
..
t
■
Dated
discount..
0.863%
Dec.*
30,
v NEW JERSEY
■
;/
.
interest
Bidders
payable
(J-D)
at
the
der
will
be
with
the
~
opinion of Hawkins, Delafield &
N. J.
$298,000.-school; Wood, of New York City: that the
bonds offered on July 22—v. 168, bonds are valid and legally bind¬
p.
197—were- purchased by the ing obligations of the Board of
Tenafly Trust Co. of Tenafly, as Education. A certified. check for
2V2S, at par. Dated July 15, 1948. $2,000 payable to the 'Board of
Due serially 021 July 15, from 1949 Education, is required.
r
Demarest,
Bond
Sale—The
bonds.
Dated
April
1.
.
furnished
,
furnished
Due > on.
purchaser denomination $1,000*.
tfuly RVas/folIpws; $7.Q00/im: 1949^ >
the
to,
and;
195G, and $8,000 from 195P to
Principal arid in*
i953 inclusive.
terest
Monticello, N.
Bond Sale
—
Y.
The $76,000 street
(J-J) payable at the Village
Rate of inter-
Treasurer's office.
•
est to be in
>
multiples of Y\ or 1/10
and must- be the same for
improvement-1948 bonds offered
on
July 22—v. 168, p. 297—were
of 1%
•
all of the bonds/ The approving »
purchased/ by the State, BOnk of
Opiipqjv of. Wooi/ King' ^/ Daw¬
Albany,, as 1.60s, at a price of son of New York
City, will be>
100.096; a basis of 1.48%*
Dated furnished to the successful bidder
sMay 1, 1948/ Due serially on Nov-.
without charge. A certified check
from 1949 to 1957 inclusive^
for $760 payable to the Village, is *
The next highest bidder was R. D;
required;;':/"
White &• Co., for 1.90s, at 100.15.
Port', of' New York Authority,iNi W-mNaples, Souther Bristol, Richmond)
Bond Sale—The $7,500,000 gen^
and( Canadice .(0iritatip*- County),
era! and/ refunding, 13th series •
Pratts burg -anil Cohoctom (Ste uben
bpndsfpfieiied on/July 28-^183^
County), Springwater r (Livingston,
p, 394—were/ purchased by C. J.
C ountyj,.andiltaly and Middles ex
Devine & Co. of! New York, as •
(Yates County), Central'Sch, DisL 1.40s, at a price of 100.02T, a. net
interest cost of 1.393%. Due ser¬
Noi l; Ni Y,
Bond/Sale
Xh&-$60,000; bus ially on July 15, from 1949 to
The next highest
garage bonds Offered JuIy 28—v. 1953 inclusive.
'
168, p/394r—were awarded to R* D.
bidder
White
and
'
&*
1.70s, at
of about
1948.
from
a
Co.,- of New York; as
price of 100.115, a basis
1.676%.
Due
Dated June
serially on: June
1958
1949- to
inch
15,
15,
Second
was. Halse.y, Stuart & Co.,
Associates, for IV2S, at 100.2&
Rochester, N. Y.
/
Note
sewer
v.
fyigh bid of |00*22- for * l %s was
made by Roosevelt &' Cross, of
168,
Sale—The
$50,000 Capital
notes offered on
July 27—
394—were purchased by
p.
the Genesee Valley Trust Co. of
Rochester,
at
0.85 %
discount/
Dated Aug. 1,' 1948; Due May 1;
1949. The next highest bidder was?
New York City Housing Authority,
the Security Trust Co., Rochester^
New York
Note OfferipgL-rThomas F. Far~ at 0.95%,. plus $5.00,
f
(A-OV payable at the-
terest
National
of
Rate
y4
of
tipies
must
Bank
be
bonds.
of
Painted
interest to>
the
The
or»
be
in
First
Post
mul*
1/10- of 1%- and
same
for all' of the
annroving opinion of
Vand^wate1"New York
City, will be furnished
.
New York.
rell,/ Chairman,
^announces;
that
Uticat N, Y,
Offering—Thomas J. Nel¬
Comptroller, will; XS- :
Room- 530,
Municipal; Building; ceive sealed bids until noon
until noon / (DST) on Aug.: 3- for'
(DST) on Aug. 11 for the pur¬
the purchase pf $10,000,000 tempo¬ chase of
$1,500,000 tax anticipa¬
rary loan, series C notes.
Dated tion notes. Dated Aug, 12/ 1948. '
Aug, 13/1948; Due Feb. 16, 1949/ Due! pec./12;1948.
'
The notes will be issued ip bearer
sealed/bids
will
the office of the
be
received* at
City Comptroller,
Note
son/City
,
-
.
1' i
form, and will- be issued in such
denominations and -will bear in*
Bond
Walden, JV, y, V"i f
Sale — The $40,000; water
terest
.
specify a single rate
1948.
Denomination $1,000.
Due
a multiple of Ys or
1/20 of 1% which must be for all: $3,000 on April 1, from 1949 to
1953 inclusive.
Principal and in¬
of thp bonds. The successful bid¬
in
be
payable at the maturity; of 1948 bonds offered on July; 28—
the? notes at such rate *orr rates per V; *168, py/2j97r^werer purchased by
annum as may be named; by the J. G. White i Co;, apd iSherwood
Co., both of New York* jointlyy
purches^er- - in the ~ proposal ao^
cepted. / The notes will be pay¬ as 2.20s, at a price of 100.22; a
basis of 2.175,%.
able- at. the
Chemical Bank :
Datejd -June 1*
Trust'Co./New York "City and the 1948/ Due serially on June 1, from
Town
Supervisor,
will
receive fees or
1949 to 1968 inclusive,. The next
charges Of such bank,/for
sealed bids until 2 p.m. (DST) on
acting as. -paying a gent will ■ be highest bidder was Ti)ney & Co.,
Aug. 6 for the purchase of $15,000
paid* by the Authority. The val¬ for 2.40s, at a price of 1100.56.,
not to exceed 5% interest build¬
idity: of the? notes and a SubsidyNORTH CAROLINAV ;
ing construction coupon ( or reg¬
Guaranty. Contract; will" be ap¬
istered
to
of interest
ing opinion of Vandev/ater, Sykes Jerest equipment coupon or* reg-;
& Heckler of New York City, will istered bonds. Dated July 1,1948/
offered;on- June ll.—v. 167,; p. 2517; without cost:
A certified check
-/-were purchased by Henry DahN? for
$680 payable to the Village
berg j& Co., as? 4J^s; as follows;
Treasurer,, is* required;.
lings: & Co. of Philadelphia, jointly, taking $449,000; as l^s,. at' a
NEW HAMPSHIRE
_
296—were purchased by Boland,
provement bonds offered on July
payable to the
&
City, is required*
"•
-
Bond
script for use of bond counsel will
be provided free by the City.
A
certified check for 2% of the par
value of the bonds,
is
required:
opinion of Chapman & Cut¬
able
A
for 2.10s, at 100.26.
Dated, June., 1,; \-{j ? !"• ,/i v',
,v \
1.742%.
1948. Due serially on June 1, from.
1950 to 1958 incl. The next highest
$100,000, hospital bonds.
on
purchaser- without charge, XXXIV- notes. .Dated Aug. 27,
certified* checkr/fpr $30Q" pay*. 1948. Due Feb. 27, 1949. Notes wUl/
be approved' by CaldWell, Mar¬
able< to* the Town,, is. required;
shall, Trimble & Mitchell; of New
Fort Edward Union Free Sch, Dist.
York City,, a copy of such attor¬
No, 9 (Pi Oi Ri F: D, 2,
ney's opinion will be furnished to
Fort Edward),* N", Y0 \
the; successful
bidder
without
Bond Sale Details—In " connec¬
Charge*
tion, with the sale of the $5,000
Paying Agent u-i-ii
building bonds to the Port Ed¬
Bankers/ Trust / Company/ of
ward; National1; Bank, -as;^s, as
to. the
'
water
July 27—v. 168,
$20,000
Saffin & Co. of New York, as 2s,
New
Bond
Sale—The
Bond
p.
East Rutherford School District,
000 water works bonds.
election held
South Amboy, N. Jo
High¬
Co., for 2.60s, at 100.309.
elec¬
July 15 tlie voters did
approve-
The next
B. J. Van Ingen ,&
was
Monday,: August 2V 194#
THE, COMMERCIAL & jKINANCIAU j:HROWIGI,R;
proved
by
Caldwell,'
Marshall,
Trimble & Mitchell, of New York
Bethel^ N. C,. / "/
Sale — The $30,000 bonds
-
/ Bond,
offered
City and a, copy«. of such, attorneys';
on July 27—v. 168c
394
opinion will be furnished by- the —were purchased by Griffin &
Authority to the successful pur¬ Vaden, Inc., of Raleigh, at a price
chaser without charge.
;
of- 100.33, a net interest cost of
"Note Offering—Thomas
F: Far-
rell, Chairman, will receive seal¬
ed
bids until 1 p.m.
(DST) on
Aug, 5 for the
191,000
2.6768%,
loan, ; issue
follows! M
maturing
on
Feb. 1, $11,000 as
1950 ta
3^2 s, maturing from
purchase of $26,-
! temporary
as
$20,00(J .street improvement bonds
,•
J11956, and $9,000
as
2%s,
ma-
: Volume
v
7
t-
v -
j
ceive
inclusive,
"<
11:30
10,000
- •
THE
Number 4721
turfng from 1957 to 1960, all
•
y
168
V v.'v
water
and
bonds
sewer
maturing on Feb, 1, $3,000 as
2y2s, maturing from 1951 to
1956, and $7,000 as 23As, maturing from 1957 to 1964 incl.
> =!
:
:
.
Dated
Aug. 1, 1948.
The next
highest bidder was the Vance Se-
fcurities Corp., Greensboro, and J.
Lee Peeler & Co., jointly, for $5,000 as 2*/4S,,\ $10,000 as 2y2s, and
v,--V $15,000
i
,
as
Bond
A
3y4S, at 100.06.
Concord, N. C. ;.rt.;7
' :
•
-
.
Sale—The $315,000 bonds
offered oh July 27—v.
168,
394
First
p,
•
purchased
were
(
.-<■
by
the
sealed
oral
and
COMMERCIAL
bids
until
a.m.
exceed
3%
bonds.
Dated
improvement
June 26—V.
street
offered
on
bonds
bidder without cost. AH bids must
AS/FA maturing
;:
on Feb. 1, $80,000 as
21/4S, maturing from 1051 to
1965, and $170,000 as 2y2s,
:
.
5r
maturing from1966 toy}982,
;
gll inclusive.
.
•
7
;
■"-Vi
Arcanum, Ohio
Hanover
OKLAHOMA
.
curities Corp., "Greensboro, and J.
7'; Lee Feeler & Co., jointly, for
$135,C00 as 2y2s, $150,0.00 as Zy^s,
y - and $30,000 as 3y2s, at par.
'
7
-
Sale—The
Bond
District, Okla.
$7,500 trans-
Depew School
Bond
Sale—The
July
on
.
$4,500 ,'street
lighting- bonds offered On July 20
v.
168, p. 198—were purchased
Calvert
City,
20
&
purchased
were
Canfield
by
Oklahoma
of
price of 100.27,
basis of 1.934%."Due serially
from 1951 to 1954 inclusive.
The
next highest bidder was Evan L.
2s,
as
at
a
from 1949 to l953,
incl.;
Hamilton* County (P. O.
Cincinnatiy, Ohio } ■ ■' JBond
Sale —The $3,350,521.10
bonds offered on July 26—v. 168,
/
—
p.
.
,
•.
:
ing bonds, divided
$66,000
road
.
Ac,
Due
on
AA*
000
and
from
Feb. 1,
as
follows:
bridge
as
bonds.
follows: $6,-
1964 .'to
$3,100,000 new main county disTrict library building, series
B bonds, at a price of 100.92,
.
„,
:
AA
A
' $24,000 in
1967 and 1968. y
,4,18,000 .school bonds.. Due, $9,000
7^77;,on Feb. ;i,
,ri*
Dated
:
and
•
>,
Aug*
interest
New :York
,-*•>for each
1,
1948. Principal
payable Tn
Bidders
of %
requested to
name
the
of 1%; each bid may name
one rate for part of the bonds of
either issue /(having the earliest
y
;
"ri
>
are
Sept. 1, 1949 to 1972, incl.
250,521.10 trunk or main line
storm-! and
sanitary
sewers
7 bonds, at a price of 100.785, a
basis of 1.927%; Due serially
-
--
; oh
Sept. 1, from 1949 to 1973,
incl.
.
,
•
t
par
7 Interest; rate'or rates in multiples
'v'
on
City. A separate bic
issue'(not less than
07 and accrued interest) is required.
/
a
i f
.in 1967 and 1968.
(F-A)
basis of 1,915%, Due serially
V
7
1966,: and
77; maturities), and another rate or
77 7
tb^ybalance^
■k\ 7 may name more than three rates
,
9
„
Sept- 1, *1948. The .next
highest bidder was the-National
City Bank, of New York-, and As¬
Dated
sociates, for $3,100,000: as
100.85, and $250,521.10 as
at
at
2s,
2s,
100.73.
Bond
Frederick, Okla.
' "
$350,000 bonds
offered
Sale—The
July 27—v. 168, p. 395
purchased by C. Edgar
Honnold, of Oklahoma City.
The
issue consisted of the following:
$190,000 water works bonds.
160,000 community bui 1 dirig
on
were
bonds.
:
for either issue, and each bidder
:
•A; must specify in his bid the amount
of bonds of each rate-,
Each rate
must be bid for bonds of consecu-
;
:7
•
r
The apprpving
f777bpinien of Mitchelf ;& Pershing,
.....
Paulding, Ohio
i
/
y
will be furnished. the purchaser, A certified
check for $1,680, payable to the
the
District, Linn County
bonds
:
election held
authorized
at
the
Bonds
held
J ot
Pittsboro, N. C. ;
Offering—W7 E. Easter*
7 ling, Secretary of Local Govern'Ament, Commission, ,• will receive
;?
sealed bids at his office in Raj5
iileigh, until 11 a.m. (EST) on Aug.
AA 3 for the purchase of $100,000 not
\A to exceed 6% interest water cou;,.A pon bonds. Dated 'Aug. 1, 1948.
'
*
Denomination $1,000.
Due
Feb.
on
I, as follows; $2,000 from 1951 to
;
1953; $3,000 from 1954 to 1961, and
-"
$5,000 from/ 1962 to 1975, incl.
t'; Principal and interest (F-A) pay4
able at New York City.
Bidders
;
V
'
1 .*>; are
requested to
name one
rate for
/.'Apart of the bonds, (having the
:
A
earliest,; maturities )7 and another
t ' '
*|rate or rates for the balance, but
p
X!'ho bid may name more than four
A A rates, and each bidder must spec>
A ify in his bid the amount of bonds
of each Fate.
Each rate bid
be
of
for
bonds
must
consecutive
mar
turities'.
...
The approving opinion of
Reed,. Hoyt & Washburn, of New;
^AYoric1. City, will be furnished the
purchaser.
4
.m
O".
;
A
certified check for
.$2,000, payahle to the State Treas-
i-i urer, is required.
7
7
7 "7 7
NORTH DAKOTA
,
Local Sch.
1
t
Bond
ing bonds offered on July 28—v.
168, p. 297—were purchased by J.
A. White & Co., of Cincinnati, as
2x/2s, at a price of 100.484, a basis
of 2.454%. Dated July 1, 1948. Due
serially
Dec. 1,. from 1949 'to
inclusive.
The next highest
1972
on
bidder
was
Ryan,
—
Sabina, Ohio '
Offering—Harry G. Burris,
Village Clerk, will receive sealed
bids until noon (EST)- on Aug. 11
for the purchase of $16,000 3%
boulevardlight-- bonds.
Dated
Dec. 1, 1948.
Due on Dec.
Denomination $1,000.
1, as follows: $2,000
in 1949; $1,000 in 1950; $2,000 in
1951;' $1,00(3 7 in 1952; - $2,000 in
1953;
1955;
in
$1,000
$1,000
in
1957
bid for
in
and
a
1954; $2,000 in
1956, and $2,000
1958.■> Bidders
may
different rate -.of-interest
in
a multiple of-1/4- of 1%.
Prin¬
cipal-and interest (J-D)- payable
at
the
First.
National
Bank
of
Sabina./-No conditional bids will
considered.
liams
P.
1
Bond
of
nished.
re-
'
&
'•••
.
(P.
,.
of
the
The
approving
Shaffer & WiU
Cincinnati
will
be
A certified check for
bonds
the Village,
fur¬
1 %
bid for, payable to
is required. '
Township' Sch.
O.
Mt.
7
ley,
District
ceive
•
(DST)-
bids
Dist.
Lebanon,
Secretary,
sealed
Head-
will
until
re¬
8
p.m*
Aug. 19 for the pur¬
chase
of $375,000
school bonds.
Dated Sept. 1, 1948. Denomination
$1,000.
Due $15,000 on Sept. 1,
on.
1949 to
at
a
v.;. s. Dak.
Offering — S.
Bond
A. Glaim,
District Clerk, will receive sealed
bids until 7.30 p.m. (CST) on Aug.
9 for the purchase of $300,000 not
exceed
3%
interest building
to
bonds. Dated Aug. 1, 1948.
$1,000. Due on Jan. I, as
follows: $2,000 in 1953; $4,000 in
coupon
Denom.
1954; $10,000 from 1955 to 1958;
$20,000 from 1959 to 1962; $25,000
in 1963 and 1964, and $30,000 from
1965 to 1968 inclusive. Bonds ma¬
turing after Jan. 1, 1959, will be
subject to redemption on said date
and on any interest payment date
thereafter at par and accrued inteerst in inverse numerical order.
Rate of interest to be in
multiples
Principal and
interest (J-J) payable at any suit¬
able
banking institution desig¬
nated by
the successful bidder.
The printed bonds and the ap¬
proving opinion of Dorsey, Colman, Barker, Scott & Barber, of
Minneapolis, will be furnished the
purchaser at the expense of the
of V4 or 1/10 of 1%.
*
;
Pittsburgh 16), Pa.
Bond Offering—Miriam
/
1973 inclusive.
District. A certified check for $6,000
payable to the District Treas¬
is "required. ,;'.f -F /.v/Vr V.<\C
urer,
.^;^i..SrXTEXA8 XcXvUX'i'' :'v'
Reg-
to,
as
,
.
.
Each bid shall
17
an
the
issuance
election
voters
of
ap¬
$700,000
est.
date.
Of the proceeds,
$47,000,000
employed in the redemp¬
of
$45,086,000
outstanding
for construction of the eastern
tension
of
ex¬
the Turnpike from
Ir¬
win, Pa., to Youngstown, Ohio.
Bond
PENNSYLVANIA
Becker,
sealed
name
the rate of interest in a multiple
of % of 1 %, and must be the same
all
of
the
bonds.
The
Offering
City
bids
—
Clerk,
until
7
George
will
W.
receive
(EST)
Aug. 9 for the purchase of
$65,000 non-debt revenue bonds.
of the
is
bonds, payable to the City,
required.
SOUTH DAKOTA
Belle Fourche
S.
,
Indep. Sch. Dist^.
Dak.
Bethlehemh Pci.
',7 coupon bonds. Dated Aug. 1,1948,
$600,000 im-' Denom. $1,000. Due on Jan. 1, a£
provement bonds Offered on July follows: $7,000 from 1951 to 1954
27—v. 168, p. 298—wfere purchased and $8,000 from 1955 to 1958 incl
thfe /Philadelphia
by
National Rate of interest to be in multiples
Bank and Moncure Biddle &
Co., of J/4 or 1/10 of 1%. Principal and
both of Philadelphia,
jointly, as interest (J-J) payable at any suit¬
IV2S, at a price of 100.277, a basis able banking institution
desig¬
Sale—The
1.461%.
Dated
Aug.
1, 1948.
Aug. 1, from 1949
Due serially on
to 1963 inclusive.
The next highest
Halsey, Stuart & Co.
Janney & Co., jointly, for
IV2S, at 100.237. ' ;
;--:V': 7- 7
bidder
was
and
•
'•
/
Bond
Ebensburg, Pa.
p.
:
,
Sale—The
$30,000 park
July 26—v. 168,
395—were purchased by E. H.
bonds offered
Rollins
&
on
Sons
of
Philadelphia,
date called.
on
Bond
Indep. Sch. Dist.,
/"F Texas
' ■'V''
Sale—The $125,000 school
house
bonds offered on July 26
168, p. 395—were purchased
by the Central Investment Co. of
—v.
a
net interest
of
Dec.
1, from 1948 to 1978, incl.
Grand
3.38%.
Saline
p.m.
Ruffin of Pittsburgh that the
Bond Offering — Cecile Larsen
bonds are valid-and general obli¬
District Clerk, will receive sealed
gations of the Borough.: A .cer¬
bids until 7.30 p.m. (CST) on Aug.
tified check for $1,100 payable to
10 for the purchase of $60,000 not
the Borough Treasurer is required.
to? exceed 3%
interest building;
of
ceases
Farmers > Branch
'
on
pur¬
chaser will receive without charge
the opinion of Burgwin, Churchill
Bond
maturing subsequent to Sept. 1,
1948, attached,; to the National
City Bank, New York City, on or
before
Sept.
1,
1948./ Interest
Texas/of Dallas, at
will receive
(DST) on Denomination
$1,000.
Due
on
Aug.16 for the purchase of $55,000 Sept. 1, as follows:
$4,000 from
general obligation bonds. Dated 1949- to
1958, and $5,000 from 1959
Sept. 1, 1948. Denomination $1,000. to
1963
inclusive. kA
certified
Due $5,000 on Sept. 1, from 1950" check for
2% of the face amount'
for
send their bonds with all
coupons
cost
sealed bids until 8 p.m.
to 1960 inclusive. Bidders to
March 1, 1945.
Due
1, ,1965. / Holders should
March
bonds.
Secretary,
Dated
derwritten by Drexel &
Van
&
be
Lakota).' N. Daft.
-<V '; v Bond
Offering
;lngvald
r j'
Quam, County Auditor, will
Sutherland
Co., for 2y2s, at 100.277.
'
Nelson County (P. O. V
'
the
Borough
Dist.
O. Springfield)t Ohio ;
Sale—The $425,000 build¬
check
1951, with
the balance of $87,000,000 to pay
Ambridge, Pa.
(P.
certified
National
l%s,
as
Rapid City Indep. Sch. Dist.,
bonds callable at 104 in
.
opinion of Peck,
$
July
on
authorized the issu¬
$60,000. water
system
Pike-German
Lebanon
tion
Bond Offering—Walter Wuycik,
Bond
A
Titusville, Pa.
•
:
Voted—At
construction
Council has
ance
1963.
will be
Pass School District,
Josephine County (P. O.
Grants Pass), Ore.
bonds.
.7,7 State Treasurer, is required.
April 3.
on
Grants
^
Authorized—The Village
Bonds
and
for 2% is required.
Co., B. J.
Ingen & Co., Blyth & Co., and
(P. O. Foster), Ore.
the First Boston Corp. Public of¬
Bond Offering—Sealed bids will
fering of the bonds, which will
be received by the District Clerk
consist of $47,000,000 serials and
until Aug. 6 for the purchase of
$87,000,000 term obligations, is ex¬
$40,000 construction bonds. These
pected to be made at an early
Foster School
proved
*
X. of New York City,,
1962
Beresford,
—
purchased by- J. A. White &
y itive jmaturities.
Dated
Denomination
Bank - of
price of
100.06, a basis of 1.745%. Dated
July 1, 1948. Due serially on July
1, from 1949 to 1953, incl.
First
the
by
,
sewers
Co., of Cincinnati, os 2s,. at a price
of 100.61, a basis of 1.927%;
receive
59
Bosque County Road District No. 7
principal only.
(P. O. Meridian), Texas
specify a single rate
Bond Sale—An issue of $50000
of interest in a multiple of Vs of road bonds
\
was purchased recent¬
~C011ntyr (Pi O. Ashland), Ore.
The purchaser will be fur¬ ly by the First National Bank of
Bonds Voted—At
an
election 1%.
held on July 15, the voters ap¬ nished with the opinion of Burg ¬
Valley Miils, as 3V2s, and 33/4S, at
proved the issuance of $550,000 win, Churchill & Ruffin of Pitts¬ par.
Dated June 1, 1948.
Ap¬
school bonds. T.t
burgh, that the .bonds are valid proved as to legality by Dumas,
general obligations of the District. Huguenin & Boothman, of Dallas,
A certified check for $7,500
Carry County Sch. Dist. No. 17
pay/
Brownsville Navigation District *
(P. O. Brookings), Ore.
able to the
District/: is required;
Bond Sale—The $112,000 build¬
V (P. ,0. Brownsville), Texas
ing bonds offered on July 24— Pennsylvania Turnpike Commission /' Bond Call—G. E: Dodd,'Chairmon of Board.' of
v. 168, p. 298—were purchased by
Navigation and
(P. O. Harrisburg), Pa,
Bond Issuance Imminent
The Canal Commissioners, announces
Blyth & Co. and the United States
National B5nk, both of Portland, Commission has announced that it that the $35,000 3V4-% refunding,
consolidate
all
immediate series A bonds,' Nos. A160 to A194,
jointly. Dated Aug. 1, 1948. Due will
seriaHy on"»Feb. T^rom 4949 to Turnpike finajming, in a, bond is¬ incl., are called for redemption on
sue totaling $134,000,000 to be un¬
1965 inclusive.
Sept. 1, at par and" accrued inter¬
674 bonds offered at the same time
were
will
Sept.
1,
$1,000. Due
on
Sept. 1, as follows: ; $30,000
from 1949 to 1961, and $31,000 in
1948,
isterable
Ashland School District, Jackson
Nos. 505, 509, and
water lines Nos. 612; 616, 623 and
sanitary
bonds.
coupon
from
OREGON
are
Sale—The $52,905.31
Secretary,
bids until Aug. 3 for the purchase
of
$452,000
general
obligations
Mt.
•
Additional
District
.
,
r
r
!^pt.j
199—were purchased by a syn¬
dicate composed of the First Na¬
tional Bank, of Chicago; Braun,
7
DuplinCovnty (7*10, Kenansville) Bosworth & Co.,1 Inc.; 'Coffin &
,"7':'.'
' North
Burr, of New York; Stroud & Co.,
Carolina/"A -.'tip
'A
Bond Offering—W. E. Easter- of
Philadelphia; ; Roosevelt
&
A A
ling, Secretary of" Local 'Govern-' Cross,; of Tlew .X°rk; Weedeh; &
7 y; ment
Commission, will receive Co., of New: York; City National
7 : sealed bids at his Office in Ra- Bank & Trust .Co., of Kansas City;
f
Sleigh, until 11 a.m. • (EST) on Milwaukee Co., of Milwaukee,
and the National City Bank,' of
j
, Aug. 3 for* the purchase of $84,000
AAhot to exceed 6% interest refund- Cleveland, as 2s, as follows:
-
J i'
X
Township School Distric
(P. O. Wilkes-Bar re), Pa.
'
Bond Offering—John C. Bohn.
1
portatiori equipment bonds offered
!
'
sidewalk
bonds;,;as^2As.
/; A A Due serially on. Feb. 1, from
1?50 to 1962 inclusive. 5 777';.
7
Dated Aug. 1, 1948. The next
highest bidder was the Vance Se-
serially
to 1951 inclusive.
A 50,000 equipment bonds as 2V4S.
A,■ A
Due serially»oil, Feb/ *1/ from by the Arcanum' National Bank,
as 2s, at ipar^; Dated Sept. 1/1948/
v -. y
1950 to 1968 inclusive. A A A
Davis, Tulsa, for 2s, at 100.26.
Due serially^ on March and
15,000
price of 100.60, a basis
Dated
Sept. 1, 1948.
on
Sept. 1, from
a
1.92%.
Due
Securities
A;, A
•
of
July
,
i.
2s, at
as
$9,064
(495)
coupon
167, p. 2738—were 1949 to 1963 inclusive. The next
1, 1948. De-I purchased by Ryan, Sutherland & highest bidder was S. K. Cun¬
nomination $1,000. Due on July f Co. of Toledo, as 2s, at a price ningham & Co., for 2Y4S, atT00.895.
1, as follows: $15,000 from 1950 of 100.209,
a
basis of 1.912%.
Elkcreek Township School District
to 1957, and $12,000 in 1958. Prin¬
Dated Jan. 1, 1948.
Due serially
(P. O. Lundy's Lane), Pa.
on
Dec. 1, from 1949 to 1953 in¬
cipal and interest (J-J) payable
Bond Offering—Ralph E. Cur¬
at any suitable bank or trust com¬ clusive. ;V';7
v--../
tis, District Secretary, will re¬
pany designated by the* successful
ceive sealed bids until Aug. 7 for
Tallmadge, Ohio
bidder.
Rate of interest to be
Bond
Sale—The
$29,986
im¬ the purchase of $18,000 general
in multiples of A4 or 1/10 of 1%
provement bonds offered on July obligation bonds.
Dated Aug. *L,
and must be the same for all of
24—v. 168, p. 298—were purchased 1948.
Denomination $1,000.
Due
the bonds.
Approving opinion of
by J. A. White & Co., Cincinnati. $2,000 on Aug. 1, from 1950 to
Faegre & Benson of Minneapolis
Due serially on Aug. 1, from 1949 1958 inclusive.
will be furnished the successful
house
court
Corp., of Durham, at a be
unconditional.
A
certified
price of: 100.003,-a net interest cost check .for. 2% of the bid, payable
; 7 °f 2.44%, as follows:
to the County Auditor, is required.
/•A.'. $250,000; sanitary .sewer
bonds
•
Sale—The
!
,
CHRONICLE
Struthers,4 Ohio
Bond
(CST) on Aug. 18 for
purchase of $132,000 not to
the
FINANCIAL
&
Bond
Due
serially
on
Indep. Sch. Dist.,
Texas
Sale—An
issue of
school house bonds
was
$16,000
purchased
recently [by
the Texas Bank &
Co., of Dallas, as J&s,- at
Trust
Dated
July 1, 1948.
Ap¬
as to legality by Dumas,
Huguenin & Boothman, of Dallas.
par.
proved
Gruver Indep. Sch. Dist., Texas
Bond Sale—An issue of $40,000*
schoolhouse bonds was purchased
recently
ment
by
Co.
the
Central
Invest¬
of
Texas, of Dallas, as
2V4S, and 2V2s, at par. Dated June
1, 1948. /i. Approved as to legality
by Dumas, Huguenin & Booth-
man/of Dallas./''C/F
/ ->./, Hamlin, Texas'
/
Bond Sale—An issue of $125,000
water:» works
and
sewer
system
,
bonds
R.
purchased recently by
A. Underwood, and Hatcher &
was
Co., both of Dallas, jointly, as
3V4S, and 3%s. Dated July 1, 1948.
Approved as to legality by Dumas,
Huguenin & Boothman, of Dallas.
by the purchaser. The print¬
Hidalgo County (P. O. Edinburg),
ed bonds and the approving legal
Texas
opinion of Faegre & Benson, oi
Sealed Tenders Invited —B. F.
Minneapolis, will be furnished the McKee,
County
Auditor,
an¬
purchaser;
A certified check for nounces that
sealed tqnders will
$1,200' payable ; to the District- be received until
Aug, 17 for the
Treasurer, is required. ;•'
• "•
following County qnd Road Dis¬
trict bonds to be paid with ^uaqpdus
Beresford, S. Dak* v, i( ;, -t
nated
Bond Sale—The $25,000 street
repair bonds offered on July .26
—v.
168, p. 395—were purchased
funds
.
distributed >
Board of Highway and
trict Indebtedness:' ■
Texas
Road Dis¬
THE COMMERCIAL & FINANCIAL
(496)
€0 7
$22,000 Road District No. 1, series
WISCONSIN
-
prich & Co., of New York, Young,
Moore & Co.', of Charleston, First
Of Michigan Corp., Weil, Roth &
Irving Co., Walter,
Woody &
Heimerdinger, both of Cincinnati,
and Shaughnessy & Co., of St.
Paul, at a price of 100.019, a net
interest cost of 3.04%, as follows:
;
1941 bonds.
,
7,000 Road District No. 2, series
1941 bonds.
:
Offering—O. E. Oien, City
Clerk, will receive sealed bids un¬
til 10 a.-m. (CST) on Aug. 11 for
the purchase of $200,000 not to
exceed 3% interest bonds, divided
>
;
4,000 Road District No. 5, series
1940-B bonds.
follows:
as
.
8,000 Road District No. 6, series
1941 bonds.
i
V
4,000 Road District No. 7, series
1941 bonds.
;.
incl.
1941 bonds.
Juan
Offering
•-v
100.042.
—
A. M.~
Secretary1 of School' Board,. will
holder.
receive sealed bids unlti 7.30 p.m,
of
(CST) .on- Aug. 3 for the purchase
$50,000 not to exceed 5% inter¬
1%.
est
house
bonds.
:
-
Dated
15, 1948. Denom. $1,000* Due
$25,000 ; on Dec. 15, in 1973 and
1974. These bonds are the. balance
of a $250,000 issue authorized at
the election held on Dec. *15, 1945.
Principal and interest (J-D) pay¬
will
furnished
to
May
June
191
184
tl93
191
185
tl98
196
191
220
1198
197
191
t222
220
219
t223
221
tl78.
178
168
tl78
177
tl58
182
148
jl62
164,
Minerals
Clerk,
Town
per,
188
_
All other
at
Factory employment—
Total
^
———»
Durable
——*
—■
,
■ 111'
mi ni
in
goods__i_—
inverse* numerical
County (P. O. ;; j
Milwaukee), Wis. '■'■'".V-.. 777
Bond
Sale
The
$2,600,000
bonds offered on July 26—v. 168,
p. 96—were purchased by a syn¬
dicate
composed
of
Harriman
Ripley & Co., Inc.; Blyth & Co.,
of New York; Robert W. Baird &
Co., of Milwaukee; MercantileCommerce Bank & Trust Co., of
St. Louis; Milwaukee Co. of Mil¬
waukee; Illinois Co., of Chicago;
First of Michigan Corp., of New
York; Martin, Burns & Corbett,
and Farwell, Chapman & Co.; both
of Chicago, as IViS, at a price of
order
on
any
three years from date of
Principal and interest (M-S) pay¬
able at the County Treasurer's of¬
fice.
A certified check for 5% of
the amount
bid, is required.
Seattle,
Bond
Wash.
Sale—The
$6,000,000 mu¬
nicipal light and power, 1948 se¬
ries
LL-1
revenue
bonds
offered
July 29—y; 168, p. 200-^were
purchased by a; syndicate headed
by Blair & Co., Inc., and * John
Nuveen: & Co., of Chicago, con¬
sisting of Lee Higginson Corp.; B.
J. Van Ingen & Co.,. E. H; Rollins
& Sons, all of New York, Stranahan, Harris & Co., Inc., of Toledo,
A. Cv Allyn & Co., of Chicago, Eldredge .& Co.,,of New York, Ballman
& Main of Chicago, Bacon,
Stevenson & Co., of New York,
Weeden & Co., of San Francisco,
Pacific Northwest Co., of Seattle,
William Blair & Co., C. F. Childs
& Co., both of Chicago, McDonald
& Co., First Cleveland Corp., both
of Cleveland, Weil, Roth & Irving
Co., of Cincinanti, Julien Collins
& Co.,-of Chicago, R. D.' White &
Co., of New York, Robert Hawkins
& Co., of Boston, Allison-Williams
Co., of Minneapolis, McDonaldMoore & Co., of Detroit, Bramhall
& Stein, of Seattle,;Kalman &7Co.,
of St. Paul, Harold H. Huston &
Co., of Seattle, Grande & Co., of
Portland, and;; Dempsey-Tegeler
& Co., of St. Louis, as 2%s, at a
price of 98,429, a net interest cost
of 2.8318%. Due serially on Aug.
1, from 1953. to 1973 inclusive,
callable on Aug. 1, 1958 and any
interest payment date thereafter
on
at par and accrued interest. 7 The
vnpxt highest bidder
was
Blyth &
CoT" and associates, for 2%s, at
2)8.1851.
,
—
Total
■
;
—
Durable
:
->-7—*7
Freight carloadings__,___„_.
Department store sales, value.
a
basis of 1.207%, as
,7 7>,:'7v'U7l77:7,7 7'7.: f-■
$2,100,000, veteran housing bonds.
Due serially on Feb. 1, from
77''I ■' 1949 to 1954, incl. :
V
47;
500,000 airport bonds. Due seri¬
ally on Feb. 1, from 1949 to
durable
.
The, $750,000
bonds
477.7'/ 77.
sewerage
with
offered
the
4,
area
above
bonds were sold to the same syn¬
dicate
as
1,20s, ;at: a price of
100.0903, a basis of 1,178%. Due
serially on Feb. 1, from 1949 to
1953, incl. All of the bonds are
dated Aug. 1,1948. The next high¬
est bidder
sin
was
the First Wiscon¬
National
Bank, Milwaukee,
foT $2,600,000 as 1V4S, at 100.005,
and $750,000 as 1.20s, at 100.076.
-
Wauwatosa
77,
School District \
1V0. 2, Wis.
Bids
ceived
Rejected
for
the
—
All
bids
Bond
Martinsburg, W. Va.
1
Sale
The $1,400,000
sewer system revenue
bonds offered on July 26—y. 168,
0. 299—were purchased by a syn¬
dicate composed of R. W. PressBond
—
327.2
>389.5
h
375.5
7:
303.2
7 7, :;137,7'77
'
242
-v7.-:
144
r'7;7;;
280.0
142'
143;
;V
288
.
299
77* 77.
•
t Data hot -yet available.
'
'
266
237
296
'/.[.t'&S ■ ,7
'
;
,v'7:7,:
;
moving averages, centered at
To convert indexes to value
figures,' shown , Iti Federal Reserve Chart Book, ' multiply
total by $410,269,000,
residential by $184,137,000 2nd all other by $226,132,000.
:
;
contract
Employment index,
Bureau
of
indexes
based
3-month
on
of Board
will
receive
INDUSTRIAL PRODWCTION
INH
V'
(1935-39
vvv--77"#7''i7(1
.June
Pig iron,,—
■;
Trustees
t206
,w" ••: ;
'
/••••: Open hearth
j.
Electric...-----*,-,^.,——,
7-^
S a 1
e
—
and
Gypsum
plaster
t24l
Textiles and
Cotton consumption
and
a
covers
manufactured
Processedr fruits
electric
was
purchased recently by Osier,
plant ; bonds
and
Nanton,
Old-
field, Kirby & Gardner,- both of
Winnipeg,
from
one
jointly:
to
Due, serially
15 years.
coal
.
,
:
*
191
7 175
7 'i;
>193
197
1192
'■17%
203
.
187
77' ■'■14S7-.''1'"' 7
160
tl61
>;7; 164
t210
146
>7; 21177
-:s
207
154
:
143
133
Y222
Beehive :
7
109
*
96.
78
J
92.
90
'
100
'? f' *
7
>161
112:
125
125 :'-;y
i
■
7
83
.
103
107
'v7*V>53
154-
146>130 :77.V: 134
7.5 tl48 '77-- 127 ;.\v. .156
146>158 y;: •' 152 77''
J
154
77
.
152
132
>111
^
:
.
101
96
169
160
flG'fr
•f 170
179
; 187
7 95
191
171T
91
tl57
159
146-
144
149
129*
:
t222
t220
tl74
170
154-
t
it 196
196
173'
146
131
t220
tl91
•
170
~
154
196
;
173
'
tl9L
J
185
166
,
'
t251
340*
247*
249
tl52 7
V 151
151
7 tl37
it 124-7
u
•L;
160-
422
,>403
250;
.
-V
160
340.
250
92:
174
,
?
95
165
174
166
7 422
t403
•
160
156;
7r
t254
Soap,,
•
106-
103
'
7'y '•'»
■
157
f
i| 143
r.
7,
Paints,,,^
'
133
95
7
Chemicals
155"
191
:
tl96
——
263
"
tl74
By-products
154
-
139
v
.
'
1037
127
146
.
7
84
7
156'
""
■77 //I ♦
: 77 *
.94
159'
;;;
187
ii,.
*
*
194 7-
products—
.
130
239>
«
107
114
221.
.-••/■
147
308
309
155;'7,
1
7.7
140
2.
263
'107
:
tl67
tl57
'>-7176
92
; 1167; H 168
tl45
,7> 148
veg.„
>173
>•//
93
tl49
/
7.7 244
92 ■i;'v.
* i :
7 >161 !'
7 t135v
Y245
>241
;7'
'
163
155
7
154
183
v77 171
216
'7
206
-
v
196
239
y
8i-.~
I,;
152
*T-
>175
*7160'
;
V-iv; 241 '""7.
164
.
110
170
7
171
t "■77'*T03'7*'7.7!
&
—
124
142
1122
304
251
t309<
,
i 437
439
t443
437
439»'
;
200
216
t200
200
216:
1164
168
tl57
171
tl05
116
,tl73
172,
.
156..
':
156:
120
•
140
•
.
'
Rayon
Industrial
Rubber
t309
——
chemicals
;..t443
1200
products——,—
7- MINERALS
7 7;7
,
:
.
168
153
77171
147
1105 ::»•: 116
110
;7.,v-172
159
tl64
Bituminous. coaL-^i———,
tl57
-Anthracite
1173
Crude petroleum,,—,———
'
11247
Iron
<304l;
251
.
Fuels
122
128
ore—7;;7';
:
1
153"
»
;
14T
jl(F
1149
148:
t313
v-
144':
301n
306
■
* Data not yet available.
t Preliminary.
'
:
FREIGHT CARLOADINGS
7,77;7777t:
v'
,141
T53
183
129
140
147
92
96
107
products,—,^.,,-—150
139
——,1— ■'
Miscellaneous
■■■
163
185
144
„_-i_Jr,i—
Ore
191
7"'' 140
Meychaindise,':liC.l:ii.L,—1 ilt-J6^
;
in
W
SRevised. '
NOTE—To
Federal
•
•".•
.
Chart
Book,
145 ; 77
'-7 184
7"
J
.
"
143:
86 /
156
-296
170'
113
7.
,
^
87
l5f
145
,
277 *'
'
^142 .144
.
144r,
.69 7.^ t •,74'r
66 '• 7' ."jBS!•
'
.■/
convert coal and
Reserve
213
•'
.
r14f
183
74
—
153
187
\
——
—
Livestock
•
;
§174
——
Grain
Forest
100).;--7;77-7;- '^'7 ,7',,*,77' 7:' 7' i
(1935-39 average
—
Coke.—
4%
&
233-
134
176
'Coke ——™1,
Coal
$50,000
;
,
foods
and
Fuel oil,*—
■.•7r
Pas, Man.
Hammond
tl92
276
215
t227
7
7
188
179
.-
production,
and
Gasoline
•
ing and cattle and hog raising are
carried out extensively. / ;
utility
272.
,7
"
77 125;
>i
^Sheep and lamb leathers-
Petroleum
addition to mixed farming, dairy¬
;
456
t274
179
147
*
Manufactured food products
/Wheat; .■ flour—
Meatpacking ■„,,
'
area; of agricultural lands
noted for record wheat crops.
In
Bond Sale—An issue of
589
tl47
244
:
-.v
leathers,,^,,
and kid leathers,-™
Goat
7
large
y':;, MANITOBA ; \
7
%*;
kip
Ju¬
High School at Daw¬
Creek, British Columbia. The
*
176
617
tl40
308
7'.
products
Calf
re¬
nior-Senior
District
211
;
142
238
i
t
-7s;.
,,,
Tanning
Cattle hide leather
/;
.,
Co., Ltd., Toronto, and Pember-;
Son, of Vancouver, j ointly,
at a price above par.
The pro¬
ceeds, together with a Provincial
grant of the same amount, will be
School
189».
183
191
(
Leather
&
Rural
-
/
-
133
140
textiles
Wool
ton &
son
233
142
309
7
Rayon deliveries,,,,,—,,,™
cently purchased by J. L. Graham ;V.
a
'
-
181
233
.
164
tl73
products
Printing and publishing!
Newsprint consumption,—
An issue of
used for the construction of
193
■
193
■.
131
;
t240 7
■
products
Abrasive and asbestos products
Other
was
234
275.77
'
.
.
debentures
7'7'
:
458
205
7
Stone, clay and glass products V >203
152
7'
170 i
.plate glass,,,,,,,,,,,,,,,,,,,j
77 187 ;
"i. Cement
:7 tl76
172 :• v.
Clay products
No. 59, B. C.
Debenture
June
,
'
-
>;
215
tl61
Newsprint
$130,000 4%
206
-7
176
272
tl29
Furniture
- -
Sch. Dist.
>:-
'
.
ti4o
products,,—,,,—
Paper and products,—
Paperboard —^4--—
•
>206
,
211
;7tl92 7 777 175 ;7/
tl93
7:,; 197
1
tl93
>7' ,203
:
Nonferrous metals and products
1 Smelting and refining,,™,,
Lumber -I
-
589
t227 :
Automobiles (incl. parts)
and
V
7:7
,
Transportation equipment
.: •
Peace River South
:
.
t274
Lumber
194?
'
May
189
233
183
617
..
f
..I...
June
7
193
206
,
193
Machinery
•
$1,000, pay¬
able to the County High school, is
,
I
*
181
—
A certified check for
*
II
'
right to reject any and all bids
and sell said bonds at private sale.
required,
1 '1
:
234 1
Steel
the
reserves
1
"
steel-ui^i^,,*^^.*'1'
Iron and
:
■
June
May
*
without
,
Seasonal Adjustment,
1947
1948
:
(MST) on Aug. 17 for the
purchase of $130,000 not to exceed
3% interest building bonds. Dated
Oct. 1, 1948. Denomination shall
be at the option of the bidder. Due
$6,500 on Oct. 1, from 1949 to 1968,
incl., optional Oct. 1, 1960.
The
of
•77".
Adjusted for
•'•; ■ 77; MANUFACTURES
3 p.m.
Board
average
Seasonal Variation
trntil
bids
sealed
and payrolls Index compiled by
without seasonal adjustment,
Statistics.
Labor
■;:77 7'
T.' Emmett,
of Trustees,
Offering—rH.
Secretary
$200,000
WEST VIRGINIA
water-and
'
r~-
•131.T
"345.9
•
by .379, nondurable by .469, and minerals by .152.
" Construction
:
County, County High
School District (P.O.
/
Worland), Wyo.
re¬
school
building bonds offered on July 26
—v. 168, p. 299—were rejected.
'
•
,
v -
jecond month, of F. W. Dodge data for 37 Eastern States.
Washakie
?
y.,:'.:
*7 V
7
183.9
133.0
;
V'7;
154.7
.NOTE—Production; carloadlngs, and department store-sales Indexes based on daily
averages.
To convert durable' manufactures, nondurable manufactures,, and minerals
indexes to points in: total Index, shown in Federal Reserve Chart Book,
multiply
100.155,
-
1
155.3
'
309
295
'
'
i„
141
139
Department store stocks, value,,:
t Preliminary,
i„:
J/7 ^,77. ,'7'^'
\~~r
127
183.6
133,0
goods__—
Nondurable goods—
follows:
1954, incl,
183.4
135.0
;7.;* '
,
Factory payrolls—
will
•
Milwaukee
■
after
issue.
Si
155.2
4
183.8
Nondurable goods
158
195-
7251 7 '7. 182
t.+iCf* j- ""
>7t7
ly,,'.-".,
/
226
.
,
of the city. The
purchaser shall furnsih the print¬
ed bonds at his own expense. A
certified check for $5,000, payable
to the city, is required.
7>,;77''77;7'
interest payment date on and
152
il.
,
-
i'V-
■
116'
156.5
['■ :'
i
'
*
136
'
,
206
:
Bond Offering—Noah E. Mum¬
;
the expense
at
152
•
165
Newcastle, Wyo. yJ.
-
follows: $143,000 in
1950; $148,000 in 1951; $152,000 in
1952, and $157,000 in 1953.
The
District reserves the right to re¬
deem any or all of the unmatured
arid outstanding bonds at par, in
as
168
ril
/.Residential
v':-;
*
the
Total.
not to exceed 6% interest water
bonds offered on July 22—v. 168,
^■299Vi;:
contracts," vvalue-!^
Construction -
•
1,
June
June
May
Nondurable
Wyo.
receive
successful bidder at the expense sealed bids until 5
p.m. (MST)
of the City.
The purchaser shall on Aug. 9^ for the purchase* of
furriish the printed bonds at his
$80,000 not to exceed 3% interest*
owh expense,
A i certified check water bonds: Dated June 1, 1948.
for $10,000 payable to the City Denomination
able at the State Treasurer's of¬
$1,000. Due $8,000
^
ori June 1, from 1949 to 1958, incl.,
fice.
Any rate or rates named Treasurer, is required.
must be in multiples of Vs of 1 %.
La Crosse, Wis.
v'77':> optional ori June 1, 1953. No bids
for less than
Alternate bids will be considered
par.
A certified
Bond Offering—F. L. Kramer,
check for 5% of the. bid is re¬
with 10 year option of redemption.
City Clerk, will receive sealed
The
District
will
furnish
the
quired.
and oral bids until 2 p.m. (CST)
printed bonds, a copy of the pro¬ on
Aug. 13 for the purchase of f Sweetwater County Sch; Dist.'
ceedings, the approving opinion
No, 4 (P. O. Rock Springs),
$300,000 not to exceed 3 % interest
^
of some recognized market attor¬
•.■V;:4':';
11 Wyoming
bonds, divided as follows:
,
ney selected • by the purchasers,
Bond Offering—Leland H. John¬
Due $20,-*
and will deliver the bonds to the $200,000 sewer bonds.
000 on Sept. 1, from 1949 to son, District Clerk, will receive
bank designated by the purchasers
sealed bids until 8 p.m. (MST) on
1958, incl.
■<
without cost to him.
A certified
100,000
str ee t
improvement Aug. 17 for the purchase of $250,check for $1,000 payable to the
;:
bonds. Due $10,000 on Sept. 1, 000 not to exceed 2% interest
District, is required.
v'7>7:.
7
from 1949 to 1958, incl,
building bonds: Dated July 1,1947.
WASHINGTON
Dated Sept. 1, 1948. Denomina¬ Denomination $1,000. Due on July
1 / as follows: $20,000 in 1949 arid
tion $1,000. Principal and interest
Clark County School District No. 37
(M-S) payable at the City Treas¬ 1950; $30,000 in 1951 and 1952, and
(P.. 0. Vancouver), Wash.7
urer's office. Rate of interest to be $25,000 from 1953 to 1958, incl.
Bond Offering — Eva Burgett, in
multiples of % of 1 %, and mr Principal and interest (J-J) pay¬
County Treasurer, will receive bid shall specify more, than one able at the County Treasurer's
sealed bids until 10 a.m. (PST) on rate of interest which shall be for office. The approving opinion of
Aug, 5 for the purchase of $600,- all of the bonds offered. The bonds Pershing, Bosworth, Dick & Daw¬
000 not to exceed 3% interest gen¬ are
being issued subject to the son, of Denvef, will be furnished.
eral obligation bonds. Dated Sept. approving opinio# of Chapman & A certified check for 5% of the
;
1, 1948. Denom. $1,000.
Due on Cutler, of Chicago, to be furnished bonds bid for is required. :
Sept.
June
Total :-,-.
Durable
■
,
No Bids Received—There were
on bids
receiyed for the $28,000
rate
»
Without
Seasonal Adjustment
1947
-1948-
1947
tl92
;
.
;
It
^Adjusted for.^
Industrial production—
Total
>
.
multiples of ,14 of
be
1
all other series.
-1948-
:
The bondS are being issued
which
100 for
=
Seasonal Variation
:
Baggs,
subject to the approving opinion
of Chapman & Cutler, of Chicago,
school
June
both issues in
name one
1923-25
M»^«jf«,ctures~-
of interest for all of the bonds of
Bidders to
indexes
100 for factory employment and payrolls;
average = 100- for construction contracts;
'
==
average
WYOMING
Bank & Trust Co.,
Eau, Claire, at the; option of the
Kelley,
business
.
1939 average
: rr
3s, maturing from 1954 to 1977
1948. The next
highest bidder was John Nuveen
& Co., and associates, for $1,035,000 as 3%s, and $365,000 as 3s, at
ican National
Texas
July 24 its monthly indexes of industrial production, factory em¬
ployment and payrolls, et£. > The Board5's customary summary of
business conditions was made public at the same time.
The indexes
for June together with a month and a
year ago, follow:
1
7
,
June
on
I
issued
•on
incl. Dated June 1,
payable at the Union National
Indep. Sch. Dist. Bank, Eau Claire, or at the Amer¬
(P. O. Pharr),
-
Bond
1
6s, maturing
as
Monday, .August 2, 1945
Federal Reserve June Business index
as
Dated May 1, 1948. Denom. $1,000. Principal and interest (M-N)
5,000 road and bridge series 1944
warrants.
Pharr-San
$109,000
''7
The Board of Governors of the Federal Reserve System
1, from 1950 to 1954, and $1,291,000
r e
100,000 sewer bonds. Due $5,000
on May 1, from 1949 to 1968
•
8,000 Road District No. 8, series
,
.>vy
\
et
improvement
bonds. Due $5,000 on May 1,
from 1949 to 1963 incl.
I
st
$100,000
,
.
7
Eau Claire, Wis*
.
Bond
6,000 Road District No. 3, series
1941 bonds.
1
CHRONICLE
IWd
WW 'tfsR
iv
', 7 :
286
73:
t
7
show®
.548.
miscellaneous indexes, to points In total index,
multiply coal by .'213 and miscellaneous by
"
14.6
,
.
@FedFRASER