The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
WJta 21
MONDAY
ommetciaL
Reg. U.
Volume
New
Number 4309
160
PUBLIC UTILITY
-
1944
6 Mos. End. June 30-
1941
1942
1943
v..
$1,117,954
$1,123,205
$1,373,297
$409,027
128,227
150,636
143,589
132,995
Sell., adm. and gen. exp.
The
the
$972,570
$1,229,708
$276,032
14,808
15,406
30,570
$987,975
$1,260,278
2,386
7,649
taxes-
199,000
t252,907
§504,000
§477,000
$313,589
$304,223
$183,780
78,000
78,000
78,000
$222,710
$235,589
$226,223
$2.01
$1.95
$1.18
profit—
Operating
income
Other
income—
Total
Other deductions
and
50%
in
stock
was
made.—V.
Estimated prov. for Fed.
■and
inc.
State
cash
profit-—
Dividends paidSurplus
Earns,
(
____
sh.
per
brought to a brilliant
chalked up to the
period, operations
across
the
North
Atlantic
were
stepped up from 71 crossings in
January to 402 in June.
During the winter months a weather recon¬
naissance plane, dubbed the 'Icicle' by the company, was operated by
American Airlines' crews on regular westbound as well as eastbound
schedules for the Air Transport Command, developing a technique for
winter flying westbound across the North Atlantic, serving as a labora¬
tory for testing out flight engineering equipment in northern latitudes*
and supplying weather data not only for transport flying across the
Atlantic but also for the United States Air Force in England.
Toward
the end of June, an American Airlines' crew brought back the first
000 shs. com. (no
par)
*
'
"After
1942
deducting
and $1,583
costs
credit
Balance
Assets—Cash,
and
depreciation
New
§After deduct¬
in 1943.
Stock
Cleveland
Exchange.
Exchange
Stock
Exchange
Detroit Stock Exchange
Los Angeles
Stock Exchange--—-
Philadelphia Stock Exchange
State
and
Exchange
Stock
Cincinnati Stock Exchange
payable, $307,236; accrued capital stock tax,
taxes on income (less U. S. Treasury tax
held for payment of Federal taxes, $1,128,462),
$257,796; reserve for contingencies (post-war readjustments and gen¬
eral contingencies), $600,000; capital stock (156,000 shares no par),
$614,004; earned surplus, $4,245,286; total, $6,049,323.—V. 159, p. 1241.
Federal
purchased
Curb
and
Pittsburgh
Exchange
Stock
St. Louis Stock Exchange
Montreal
Casualty & Surety Co.—Mid-Year ReportAetna Life Insurance Co. below—Vt- 159, p. 545.
/:/;/
*'0}
Aetna
see
Aetna
four
the
for
statements
financial
Mid-year
as
of June 30,
1944, follow;
assets
Contingency
All
;
Surplus
—:
capital
-
39,880,093
______—
_
i
i
i
Dividends
38,800,000
893,653,517
15,000,000
——
*
except
during first six months
Insurance
in
The
Total
assets
__i—
Contingency
Surety
105,839,063
reserve
3,500,000
—
—
—•
___
—
Total
Automobile
23,433,639
Co.
Gross
37,785,450
Contingency
reserve
:
All other liabilities except capital
Capital
2,200,000
_
19,415,315
5,000,000
_
;
Surplus
11,170,135
Total
!
;
during first six months
Disbursements
Standard
Total
Fire
Insurance
9,789,686
9,480,309
Co.
•
7,606,083
reserve
liabilities except
400,000
;
^
capital.;?
Capital
3,803,145
1,000,000
2,402,938
i
Surplus
7,606,083
Income
during first six months
for Federal
—V.
and
Income
depreciation--taxes—-—
profit
—
—
net
—__■
9,762,605
$4,216,807
551,771
1,500,000
$5,490,055
690,140
1,985,000
$2,165,036
$3.58
$2,814,915
$4.71
shown
profit
Director—
New Medical
Lt.-Col.
who
an
Edward
C.
Greene,
resigned
eye,
ear
dependent
upon
equal
was
to
per share.
Revenue miles flown for the quarter
compared with 6,572,303 for the second quarter of
$2.82
as
revenue passenger miles were flown in
compared with 113,004,840 in the same period
"
Services performed by the company under war contracts have been
charged to the U. S. Government without fee or profit.
The applicable
costs are not included in the profit and loss statements for the period.
Mr.
Kemp stated that the first six months of 1944 were notable
for the first increase in flight schedules, except for a transcontinental
1943.
A
total
quarter of
this
of
137,008,413
1944
as
1943.
all-cargo service, since American Airlines turned over a substantial part
its fleet to the Army in the Spring of 1942.
American's all-cargo
service
which
was
established
August,
1943,
was
the
between
these
two
The
cities.
between
all-cargo
first
increase
and
York
New
service
service
in
in
small number of
the return to the company from the Army of a
airplanes during the first six months of 1944.
by
Los Angeles
ever established
was made possible
air
by
7
retired, has been appointed
succeed Dr. Hodges McKnight,
U. S. Army,
recently because of ill health.
and throat specialist, succeeds
"This
period," Kemp continued,
"was also notable for the increased
under contract to the
this period a 15-months' operation
Air
Transport
During
Command.
announced
is
Herbert Graebner, M.D.,
Dr. Greene as Assistant
Lowell
that
Yerex,
with TACA—
President
of
TACA
Airways
has recently obtained, for his Latin American Airlines, a
20-year franchise to operate art international airline service direct
from San Salvador into Mexico City.
A non-operating Mexican com¬
City for traffic purposes, and
service by Sept. 24.
As soon
available they will be added to
this run, which will be increased to a daily service.
American Airlines, Inc., as a result of TACA's Mexican franchise,
is expected to soon conclude an interline traffic agreement with the
Central American line.
This connection with enable American Air¬
lines
and
TACA to sell through
tickets both north and south of
Mexico City.
■.
: %
. Mr. Yerex addded, he hopes to shortly reestablish his airline service
in Guatemala.
This would allow TACA's service to Mexico to stop at
Guatemala City en route.
TACA was ousted from Guatemala a few
years ago when a new company, Aerovias de Guatemala,
took over
TACA's air routes and landing fields.—V. 160, p. 618.
will
pany
■
established
be
will
14's
Lockheed
as
DC-3's,
start
in
a
Mexico
tri-weekly
similar equipment, are
or
American
Brake
Shoe Co.—Offer Made
To Minority
Stockholders of SubsidiaryWilliam
made
Press
If
Mr.
a
B.
Given, Jr., President, announced that this company
offer to purchase the minority stock interest in
tentative
a
National
tempo of the company's transatlantic operations
Bearing Metals Co.
dispatch.
substantial,
Given
said,
or
of St. Louis,
to the plan,
of American Brake
majority number of shares assent
he would recommend to directors
FIRM
SPECIALIST IIY
Bids
FLORIDA & NEW JERSEY
MUNICIPAL
-
-
Banks, Corporations and Individuals have
an effective market place for large or
Offerings
us
Unlisted Securities
For Brokers,
Dealers, Institutions, Corporations
which
Kobbe, Gearhart & Company
INCORPORATED
qAlien & Co.
Established
80 BROAD
Telephone:
STREET
HAnover 2-2600
4.
45
NEW YORK 4, N. Y.
Bell Teletype:
NY 1-573
NASSAU
..
Telephone
are
not
readily marketable.
INQUIRIES INVITED
•
STREET,
HILL, THOMPSON & CO.,
Dealers Association
NEW YORK
5
120
P^-tnr
small
,
-
Members New York Security
1922
found
BLOCKS of SECURITIES
DEPARTMENT
Philadelphia Telephone
Fnternri<«e 6015
**
Bell
New
Teletype
York
1-576
had
the
according to an Associated
153, p. 1965.1
Municipal RoimIs
the
System,
provision for preferred dividends.
The adjusted figure of $1,675,for the second quarter of 1943 after provision for Federal taxes,
1,450,160
1944
•
Medical Director of American Airlines to
reports net earnings for the second quarter
30, 1944, of $1,567,239 after provision for Federal taxes.
equivalent to $2.63 per share on outstanding common stock
1,585,806
1944
during first six months
12,574,365
____
income
bility, if any, for the year 1944 is primarily
company's earnings for the balance of such year.
System
DC-3
Disbursements
338,494
above for the six months ended June
30, 1943, is $1,455,000 greater than (and the provision for Federal
income taxes
is correspondingly less than)
was reported last year
for such period, this revision resulting from elimination of the pro¬
vision made during such period for Federal excess profits taxes from
which the company is now believed to be exempt for the year 1943.
No
provision has been made for Federal excess profits tax for the six
months ended
June 30,
1944, as such provision is not considered
necessary based on the company's earnings for such period.
However,
the ultimate determination of the company's excess profits tax lia¬
of
-
■
Contingency
other
37,785,450
______
1
assets "
Liabilities—
All
1944__
during first six months 1944
1,303,753
346,411
•,
$16,791,172 $15,252,660
Note—The
June
is
totaled 8,143,829
of
Income
1,113,061
—•*
•*
Earnings per common share.
after
142
Liabilities—
v
•
I
for obsolescence
Net
Kemp, President,
N.
A.
This
assets
■
;
Expenses
inc.—Quarterly Statement—
American Airlines,
27,777,139
Insurance
••' .'
May Conclude Traffic Agreement
ended
The
1
-
%VTotal-
It
during first six months 1944__—.
Disbursements during first six months 1944
LS.
Medical Director.
105,839,063
Income
...
__
J
•
26,609,012
•
Surplus
>
239,125,770 206,955,210
$12,361,217 $11,513,361
'
2,970,482
2,097,052
....
Other
72,730,051
3,000,000
capital——-,
v
———
miles_
revenue—Passenger
.Express
769
Transactions New York Stock Exchange
743
Transactions New York Curb Exchange
743
Stock and Bond Averages
...743
Capital Flotations for July
7G1
Co.
.
_____
liabilities except
All other
and
Casualty
flown
I
■
768
Reserve
\
Mail
■
Statement of Member Banks of
Federal
v:'-..:'".,' .%:%■%,
Liabilities—
>
Aetna
passenger
Operating
768
Banks
Reserve
Condition
is
,
miles
Revenue
of Federal
Combined Condition Statement
6,012,155,000
force
continue during the
Ended June 30
1944
1943
14,770,437
12,693,266
traffic
"
Heavy
Prov.
Rates
Exchange
Foreign
109,180,108
75,209,144
_
expected to
materials.
Revenue
765
...760
Payable
Declared and
The Course of Bank Clearings...
987,333,610
1944
:
Disbursements during first six months 1944
Income
mail and express than ever before, the majority of which
travel in connection with the war effort and critical
Consolidated Income Statement, Six Months
776
Notices—764
Redemption Calls & Sinking Fund
i'.:;'--'.r1--
——
reserve
liabilities
other
Capital
i
'■■/a'X
■
more
period.
war
and Sales....772
Municipal Financing in July
987,333,610
.
_
Liabilities—
•
$
,':v
-
•
Total
a
reduced
a
priority
News_721
Corporation and Investment
State and City Bond Offerings
'v./'-;"
Co.
Insurance
Life
France."
been essential
has
Miscellaneous Features
General
Aetna
of
Prov.
Life affiliated
companies have been filed with the Insurance Department of Georgia.
These statements, which show the financial condition of the companies
was
the acquisition,
Board,
passengers,
Section....757
.....—759
Markets
Over-the-Countcr
with
^.^_._._756
Exchange—Curb
Stock
Toronto
flown
are
758
.-,.--758
_
Exchange
^Toronto Stock Exchange..
Co.—Mid-Year Report—
Life Insurance
Aetna
Curb
to India
on
possible increased efficiency in the use of airplanes which
hours per day now than before the war so that even
fleet, the company has been able to transport more
made
have
756
,rr
Stock Exchange
Montreal
-
(Bonds)
Chicago Stock Exchange.
Liabilities—Accounts
t
$25,000;
notes
York
Boston
property, plant and equipment (less re¬
$2,677,474), $1,908,962; deferred charges,
of
and
1,290 South Atlantic crossings
Airlines' crews.
Also, in this
March 22 of this year American
subject to the approval of the Civil
controlling interest in American Export Air¬
lines, and added that a hearing on the approval of this acquisition
was held before the board during July.
The company is currently receiving a number of aircraft back from
the Army, and it is expected that American's fleet of DC-3 airplanes
will total 73 by the end of October as compared to 79 in the early part
of
1942.
Advancements
in
operating and maintenance procedures
733
744
748
753
753
754
754
754
755
755
758
756
(Stocks)
Stock Exchange
Baltimore
$6,049,323.
total,
$154,116;
$716,902;
$879,490;
assets,
for
serves
New York
interest on investments, $3,869;
inventories, $821,009; investments
accrued
$1,654,976;
receivable,
accounts
other
of
Kemp also pointed out that on
Aeronautics
Page
11)44
June 30,
Sheet,
total
a
American
of
Airlines announced
Quotations
New York Stock Exchange
fAfter deducting $8,593 in
depreciation.;
and
ing post-war credit of $56,000 in 1944 and $53,000
trade
Issue
Stock and Bond
1941 overprovision for prior years.
in
-
with
close
Atlantic
the South
across
wounded from the invasion of
156,-
on
This
In
1965.
159, p.
MISCELLANEOUS
-
Mr.
Net
.
on
to holders of
June 1. last.
of 20 cents per share in
initial distribution
an
share
per
$105,780
$1.93
cents
IV2
695,500
$300,710
78,000
25.
1943,
f106,417
Excess profits tax_,____
1,
of
1,221
195,000
Aug.
dividend
a
capital stock, par $1, payable Sept. 1
A similar distribution was made on
outstanding
Dec.
declared
$291,418
824
INSURANCE
-
15,386
$1,004,534
have
directors
record
On
$989,727
INDUSTRIAL
-
Copy
a
and Investment News
Airplane & Marine Instruments, Inc.—7 V2-Cent Div.—
1
(& Subs.)—Earnings—
Adams-Millis Corp.
Price 60 Cents
York, N. Y., Monday, August 21, 1944
General Corporation
RAILROAD
Office'
S. Pat.
Broadway, New York 5, N.
Y.
INC.
Co.
stock
for
Assets—
share
160,
Cash
(& Subs.)—Earnings—
from sales
$6,988,211
$5,973,409
$5,960,550
adv., distributing
admin, expenses-
2,698,774
'
2,583,402
2,916,070
and
Sell.,
and
from
Earns,
prof. bef. inc. tax-,;
Net
contingencies-
Post-war
for gen.
Prov.
reserves-
profit
Net
Shares
'
—
par)
(no
Total
$1,348,887
1,306,000
432,825
$3.64
$3.12
Reserves
$4.16
labor, manufacturing expenses
$3,642,247; marketable securities
American
share
per
$
Subsidiaries Consol.—
3,124,918
-———
taxes
prof.
572,311
7,729,612
V.
159, p.
13,991,027
7,931,634
795,560
815,283
12,145,317
829,485
10,106,902
22,009
270,912
294,455
2,126,245
1,913,817
24,549,007
23,706,834
1,112,224
1,002,751
12,153,618
profits taxes, less post-war
excess
last year.
period of
of
10,303,476
of
Amer.
general and administrative expenses.—
Other
consol.—Divs.
Total
tNet
Provision
for
54~ 165
610,256
649,978
Provision
for
63,555
759.221
782,623
3,297
30,399
41,185
1,117,305
1,032,083
13,795,264
13,377,609
21,130
23,917
284,948
264,916
1,096,175
1,008,166
13,510,316
13,112,693
deducts.
85,898
88,353
1,057,379
1,084,635
Federal income taxes—
45,716
3,919
633,954
586,986
140,767
140,767
1,689,209
1,689,209
Int.
.
407,020
on
38,383
pfd. stocks—'
vances
62,613
.___
2,287
4,037,655
1,400,000
taxes
and
—
Int.
and
Divs.
-
misc.
stock
pfd.
on
earned
for
Cash
-I
to
stock
823,794
——
U.
receivable
Inventories
•After
which is to be
currently realized as a result of debt retirement.
If Federal income
and excess profits taxes for the year 1942 were to be restated to reflect
the
deducting
the
10%
post-war. credit,
provisions of the Revenue Act of
tax
charge
for
the
12
months
1942.
ended
part of
The
enacted
as
June
30,
1943,
in
October,
would
Equity
in
•Fixed
assets
Other
assets
Total
profit
This
160,
;
-
Prov.
Earle H.
of
Selby and W. J. Roehl have been appointed Vice-Presidents
Washington Coffee Refining Co., a subsidiary.
G.
Both
already
men
hold
similar
subsidiary.—V. 160.
p.
offices
Harold
in
H.
Clapp,
Inc.,
618.
American Power & Light
The
in
held
SEC
extension
cash
debenture
Power
&
bonds,
Light
1944,
filed
Company
Act
Co.—Hearing—
14
6%
series
Co.
6%
under
due
which
to
application for an
expend $10,000,000
debenture
the
bonds,
hearing
section
part of its outstanding gold
and its assumed Southwestern
2016,
11
series
with
a
of
the
(E)
for approval of the
interest
American's
accrued
company's
on
of the time in
market purchases of
consolidated
company
p.
hearing Aug.
10,
the open
Commission
plus
a
to Dec.
for
plan
•'
Net
due
A
previous
Public
proposing
to
2022.
charges—
at
retire
——
22,675,760
1,758,145
$5,305,434
Rentals
and
royalties
276,952
Total
:
Grose
200,953
IIH.II—IIII
_
$5,582,386
•Manufacturing cost and expenses-.
Other
$8,018,479
profit
$8,219,432
4,718,990
6,386,080
$863,396
Reserve for
Other
3V2%
—
net
current
____
257.942
_____
income
.
Net
Prov.
stock
refund
renegotiation
liabilities*^!
Net
income
Net
profits &
Woolen Building—
contingencies
—
"
$100)—-—
(par
(400,000 shs.
par)
no
surplus
—_
gas
Total
115,218,412
._
•After depreciation reserves of $18,717,229
Other
operations
to
the
trade,
orders
company
recently
estimates
taken
its
will
utilize
of
refund
of
for
of
225,177
233,280
$487,157
profits'taxIIIIII"
$519,560
.
26,575
118.722
i
post-war
adjustment—Ill—"
per
$638,282
26,575
118,722
share
IIIIIII""
Cot—
,
$487,157
$519,560
$0.49
$0.52
83,431
Total amount of net
Dividends
79.956
52,405
66,600
66,600
294,144
262,484
$68,692
$82,809
$312,907
5,594
3,933
23,053
18,711
$74,286
$86,741
$335,960
$384,493
inc.
Fed.
for
oper,
share
_
$602,838
392,217
392,217
$0.57
$0.60
$176,167
$216,409
-•
revenue.
'"
income
income
36,375
Deductions
163,385
.
183,016 268,180 ;
$365,782
■
4
173,352
204,162
$162,608
$180,331
73,300
* 62,829.
48,444
V
________
$38,298
$37,911
Balance"-
41,886
paid
Sheet
as
31,414
at June 30,
1944
.
intangibles (less reserve for
depreciation of $2,558,294), $4,693,253; construction work in progress^
$70,078; automotive equipment, less reserve, $11,467; investments, $12,302:
special deposits, $69; current assets, $443,170; deferred assets;
$146,155; total, $5,376,495. ~
%
r
$2,500,000; serial notes less notes
•
and
Assets—Plant
Liabilities—First
maturing
within
property,
bonds,
mortgage
one
year,
including
$550,000;
current
and
accrued
liabilities,
other liabilities, $344,290; $5 cumulative preferred stock (4,shares no par), $450,000; common stock ($5 par), $523,573; earned
$473,871;
500
3,945,983-$
'
$534,762; total, $5,376,495.—V. 159, p. 2298.
Associated Gas &
$4,615,772 /
311,134
i
$358,656
2,401
Electric Co.—Weekly Output—
^
Corp. report for thq *•
11, 1944, net electric output of the Associated Gas &■'
was 124,780,953 kwh., an increase of $2,616,550 kwh.„ ~;
the corresponding week in 1943.—V. 160, p. 619.
,
the Associated Gas & Electric
The trustees of
week ended Aug.
Electric
$320,650
income———
or
group
2.1%,
over
3,768
'
:—_
—
Net
$323,051
property
on
Prov.
for"Fed. inc.
Prov.
for
and exc. prof,
taxes
25,290
60,250
expenses—
general mortgage bonds
$362,424
22,233
income
JInactive
income
tax
62,405
96,227
(est.)
income for the
Earnings
per
•Including
common
4
60,142
/
$84,198
$0.23
period
share
depreciation:
$19,919; 1943, $24,577.
»
contingencies
1944,
126,375
46,704
$101,650
$0.26
$88,654.
tlncluding
tlncluding depreciation: 1944,
$93,521;
depreciation: 1944, $2,375; 1943, $2,264.
•Depreciation included amounted to
•
83,279
$570,588
•
&
taxes—
profits
-
-r
■
/
Associated Gas & Electric Corp.—Hearing Aug. 28 on *
Net
earnings
—
per
1943
1944
(net)-—
176,798 "•
134,631
Gross
further
Gov¬
company's
3,851,964
305,096
admin, and general expenses
Other income
591,356
579,377 %
204,663
Net
109,118,010
$4,477,709
less returns, allowances, etc
operating
Interest
:
15
income
Net
'
619,427611,199
:
Corp.—Earnings—
goods sold
tSelling,
t
$513,733
income
income
sales,
•Cost
«
•
-
•
46,602
surplus,
Gross
•
$2,327,893
.
47,130
Other
possible
American Writing Paper
:
1.338,454
—
excess
the
-
40,158
Depreciation
indicating a
50%
'
.■
$2,439,455
162,006
149,816
167,087
taxes
excess
deliveries for various mills as
follows:
Wood Worsted Mills,
Ayer Mills. Fulton Mills, Shawsheen
Mills, National and Providence Mills and Puritan Mills in December,
and Arden Mills, Globe Mills, Manton Mills and Champlain Mills in
January.—V. 160, p. 618.
'
The
$607,367
v
1944—12 Mos.—1943
35,346
Prov.
worsted spindles,, it was stated.
$2,091,294
'
J
Equity in earnings of Int. Cigar Mach.
Net
letter
•/.'.y
•
-
Balance
a
other ,f
General
Dividends
sent
all
and
Maintenance
yv,';;.#.
has
•
150,706
Defers Deliveries—
company
depreciation
for
water
$18,097,072 in
in 1944 and
1943-
421,377
taxes
$608,546
/
and
;
$1,133,711
income
income
Provision
Net
taxes—_.
excess
corporate taxes
Post-war
Net
before
Fed.
£
for
1944—3 Mos.—1943
.'purchased
2,000,000
2,000,000
1.072,450
848,675
'1,025,000 * 1,037;500
7,000,000
6,000,000
•
V "
35,000,000
35,000,000
2,000,000
2,000,000
21,294,999
21,293,714
10,080,793
7,443,138
(1943)—_
—!
American
surplus
Capital
Earned
28,145,092
6 Mos. End. June 30—
profit
for
Other
$1,358,905'
$1.65;
3,622,962
excess
-
Period End. June 30—
Electricity,
2,862,397
31,889,807
tax^? before renegotiation—
and
taxes
;
Operating revenue
2,487,494
3,095,205
——
mortgage on
Common
v 760,158
.
made
been
income
profits
excess
•
$1,833,352
270,315
_
$4,981,867«.
$1,695,284
$2.12
share
has
including
and
"
•'
I
payable—tfadc,.,
ernment
1943
$7,439,569
5,723,078
$1,716,491'
$2.15
.
Arizona Edison Co., Inc.—Earnings—
r
postponement of 30 to 60 days in deliveries of fall merchandise.
1944
____—
5,089,190
'
100%
American Machine & Foundry Co.—Earnings—
6 Months Ended June 30—
1942
1943
1944
$6,784,474
-
530.
Sales
«
.W.E
profits ,taxes.
Provision for f
the 12 months ended June 30, $
1944, has been made on the basis of the rates fixed by the applicable.
revenue
acts
of
1943, and after deduction of post-war refundable
portion of excess profits tax of $534,131 in 1944 and $546,340 in 1943. .
Included in the consolidated
net profit for the 12 months ended *
June 30, 1944, are the earnings of Carr-Lowery Glass Co. from the
date of acquisition, May 19, 1944.—V. 160, p. 618.
income
115,218,412 109,118,010
„
Reserve for Federal
debentures—V. 160,
Southwestern
»
(& Subs.)—Earnings—
Glass Corp.
from
profit-—
charges,
111,629
22,786,179
3,286,716
1-
_
liabilities
Accrued
The
petition of the
Holding.
Utility
income
>VVyV'V./ VVV/! V*V;-
Note—Deduction
I
;
The
:
deferred
and
Special reserve for war;
Capital Stock:
7% cumulative pref. stock
/
Co.,;amounts,^
-
operations
for inc. and exc. prof, taxes—
profit
six months
subsidiaries,
consolidated
in the
included
not
IV
Anchor Hocking
%
113,833
.
(net)
—
Accounts
Officials
is
»
accounts.
618.
p.
j
such otheD
of war contracts and is subject to
12 Months Ended June 30—
349,530
»
i
assets-
Liabilities—
American Home Products Corp.—Subsidiary
.
-
consolidated):
the
265,388 (instead of $19,887,922).—V. 160, p. 322.
another
—.
assets
net
-
material purchases
raw
Textile Realty Co. (not
$19,-
be
1943 for
of metal
1944 and 1943 are in part
adjustments which may arise in con¬
including
in
equity
$382,417.
Net
20,269,219
2,100,000
15,909.815
45,943,911
317,878
—-
(less reserves)—.
—
on
current
18,587.249
"'5,100,000
18,896,726
45,652,133
477,700
—
obligations—
S.;
Accounts
9,751,862
10,129,774
775,127
and phosphate de¬
timber lands
coal mines,
8,674,338'
$2.63
8,674,338
$2.10
Earnings for the first half of
estimates,
upon
;
June 30,'44 Dec. 31,'43
hand
banks and on
in
Other
com.
>
-
,
8,674,338
$2.06
Sheet
Consolidated Balance
•
Assets—
Advances
Bal.
130,827'
8,674,338
$1.90
of
depletion
Earnings per common
Balance
167,303
1,125,000
'
\
cxps.
—
90,934
12,385,000
111,421
taxes
tAfter deducting $265,000 in 1944 and $220,000 in
refund of excess profits tax.
^Before depletion
account.—V.
and $1,500,000 in 1943.
post-war credit of $1,450,000 in 1944
•After
5,676,366
10,365,000
6,900,000
the undistributed earnings for the
ended
June
30,
1944,
of the principal unconsolidated
Anaconda Wire & Cable Co. and Mountain City Copper
1,400,000
dividends
7,839,313
16,107,552
11,950,000
adjustments as may develop in audit of the
4,290,431
——
surplus
Balance,
Preferred
:
Other income—
(net)
—
war
6,260,424
14,270,000
11,980,000
($50 par)
Notes—(1)
640,775
14,500,000
1,000,000
income
bonds and ad¬
on
Gen.
taxes—*14,050,000
contingencies
1,000,000
Federal
8,633,155
5,83^,239
12,864,000
—
nection with renegotiation
20,757,866
,
326,660
660,543
;
—
.
$46,716,576
800,323-
$16,475,955 $17,854,952 $18,204,033 $22,844,060
profit
stk.
/
;
605,191-
mines.
431,023
depreciation—-*!—,
1941
1942
and
:
cap.
post-war
20,326,843
348,912
(& Subs.)—Earnings—
1943
contingencies-
•Includes
19,481,492
1—_*r——
for
10,303,476
Divs.
.
152,869
Earnings per share--—
—71—
—T
charges--^.-,
Provision
stocks
'
"
$46,111,385 /
—I
prof,
exc.
for
Prov.
1943
-
19,830,404
82,206
income-—,—
Other-
on com.
'
$37,008,337 $39,808,750 $54,927,313
/
667,278
647,560
618,757
"outstanding—
——
income
3,270,668
2,091,912
911,067
607,002
_
':
always
not
alphabetical
alphabetical
foreign in-
taxes-
Federal
(2)
subs,
is
it
reasons
1944
Minority interest—
based
S
and
come
June 30
—
operations
from
Profit
and
Gas
from
Co.
' *
etc.-
depletion
obsolescence
posits.
income
above)-.
(as
Elec.
,
the
for
company
$37,675,615 $40,456,310 $55,546,070
discount,
•Deprec.,
Federal
98,937,515 104,760,361
76,757,210 82,929,294
1,798,813
1,504,224
discounts, returns, allowances, etc.Cost of sales, exclusive of depreciation.-——
Selling,
•1
possible.
as
income
Total
3,270,668
2,091,912
911,067
607,002
mechanical
income
Ihterest,
'
Inc.
Inc.—Output-
this
of
to arrange companies in
exact
However, they are always as near
profit—
Operating
Other
.
less
Sales,
income
consol
net
'
'
618.
p.
Anaconda Copper Mining Co.
•
1944
11,903,823
8,633,155.
12,395,389
911,067
407,020
Amer. Gas and Elec. Co.
Undistrib.
160,
6 Mos. End. June 30—
(Including The Pocono Co.)
1,014,021
subs,
.
over
position
amounted to $4,037,-
■:./
com.
stocks—
net
Undistrib.
properties
electric
the
NOTE—For
credit, and the addition
Income, Six Months Ended
Statement of Consolidated
11,803,060
%
for
com.
of
12, 1944 totaled 84,976,200 kwh., an increase of
the output of 81,083,400 kwh. for the corresponding week
order.
balance of the year.
for the
tion
—
—
on
less
Aug.
possible
Nevertheless, the company has been
unable to satisfy its customers' requirements, as the volume of Govern¬
ment orders is still substantial and must be given preference.
Unfilled orders on hand June 30, 1944, amounted to $82,845,392 as
compared with $74,720,911 on Dec, 31, 1943, an increase of $8,124,461.
This should assure capacity operations at the present rate of produc¬
23,412,428
24,278,095
1,891.809
35,405
income--
stocks
Divs.
1944, $120,086;
in 1944 and $442,184 in 1943.—
v
output
ending
and incl. 1922.—V. 160,
$1,000,000 to the special contingency reserve,
sponding
9,795,583
2,0°0.840
income
earned
for doubtful items and cash discounts:
1857.
1943.—V.
of
equivalent to $11.54 per share of preferred stock outstanding,
as compared with $4,290,431 for the first six months of 1943, Which was
equivalent to $12.26 per share.
During the first six months of 1944
the civilian
business has shown a steady increase over the corre¬
12,505.612
861,370
taxes-
etc., deductions—
Bal.
$9,318,666
American Water Works & Electric Co.,
power
Shs.
Int.,
1,129,865
$9,956,546
...
tax notes of $266,000
Treasury
week
Inc.—Semi-Annual Report—
profit for the half-year before renegotiation of Government
but after
depreciation, provision for estimated Federal
and
income
13,601,583
7,382,310
income
Gross
1,909,000.
3,518,280
1,376,796
tlncluding provision for income tax contingencies,
$113,785.
S.
654
5,868,845
1,153,000
622,290
—
/>nor<»Hn<r
Other
40,396,034
729,550
exc.
1,801,120
3,583,961
———
U.
121,597
2,055,275
par)
.
•Less reserves
1943,
121,597
2,005,550
——
($5
Earned surplus
shares at cost)/
notes:
:
costs fluctuations
debt
stock
63,937
101,088
surplus
Capital
7,000,000
4,172,387
;
89,626
118,738
618.
contracts,
of
1,191,760
657,285
Maintenance
•Fed.
22,923
'
69,078
future pulp
Long-term
I
87,475
:
reserves
for
Prov.
!
v:
$289,424
443,659
taxes
'
107,532,001
34,965,639
9,009,096 116,578,620
3,349,611
—
Other taxes
General
American Woolen Co.,
$
$
$
9,675,975
revenue
income
4..-;
•
Sept.
have been made regularly since
annum
per
p.
1944—12 Mos.—1943
1944—Month—1943
Period End. June 30—
•Fed.
••
and
surtax
—
and State
Federal
accruals
16 declared the regular quarterly dividend of
the capital stock, par $100, payable Oct. 16 to
15, Distributions at the rate of $9 per share
on
record
of
holders
(& Subs.)—Earnings—
American Gas & Electric Co.
Depreciation ;
normal,
tax__
for .other
directors on Aug.
The
$2.25
reserves:
Operating
Operation
'
$366,221
Federal
for
profits
^excess
Usual Quarterly
Tel. & Tel. Co.—Declares
'
$9,318,666'
..'*••• r *
payable
fProvision
Co.—New Director—
Philadelphia,
director.—V. 159, p. 1966.
a
60.843
Dividend—
The-net
t
elected
been
1
51,803
$9,956,546
4.80%
$634,376;
charges,
deferred
has
Pa.,
1
i
charges and prepayments—
Accounts
the Girard Trust Co.,
President of
Gowen.
E.
5,874,827
1
r-
American Sugar Refining
James
payable, $428,115; bank loans—foreign coun¬
$637,824; income and excess profits taxes,
-for selling and advertising expenses, $511,555;
general reserves, $364,912; reserve for future inventory valuation de¬
clines, $600,000; reserve for post-war contingencies, $176,148; deferred
credits, $19,499; common stock (437,500 shares no par), $4,375,000;
earned surplus, $9,715,151; less reacquired common stock (4,675 shares
—at cost), Dr$466,024; total, $19,450,117.—V. 159, p. 2074.
'
assets
1,469,478
5,695,298
i
826,349
1,304,408
—
cost
Liabilities—
$14,893,832 $14,449,241
(19,458
200,000
1,261,000
693,824
notes Cnet)_____ _i——_
receivable
:_V
tax
at
Total
tax anticipation
ill 1944 and $2,211,722 in 1943.—V. 159, p. 1345.
$416,000
1944
June 30,
accruals,
$46,545;
Deferred
joi.yiz
-
deposits
Security investment, at nominal amount—
Goodwill, trademarks artd pats., at nom. amts.
$1,275,186
1,017,722
392,400
7,000,000
4,334,445
—————-----
r
June 30,'44 June 30,'43
$950,210
$887,167
•
-
accounts
fixed
Total
Common
——
•Bought for resale to valued employees
tAfter
deducting cost of U.
S. Treasury
Liabilities—Accounts
tries,
$3,041,395;
and
Inventories
Other
373,484
post-war
-
and demand
Treasury
♦Notes
$14,893,832 $14,449,241
$771,183
1,920,986
254,100
V
hand
on
S.
U.
„
Total
JAfter post-war
profits tax.
in 1943.
$1;
trademarks,
Cash
Total
$101,679), $101,880; accounts receivable—trade (less
$1,977,649; accounts receivable—other, $26,891;
inventories,
$7,939,655;
advances—chicle purchases, $2,357,366; in¬
vestments,
$29,668; post-war credit—excess profits taxes, $694,183;
fixed assets (less reserves for depreciation of $4,440,843), $2,046,202;
and
-1
surplus
Earned
$166,767),
goodwill, patents
total, $19,450,117.
153,332
.
adjustments,.:--,—
Capital stock (1,000,000 shares, no par)——
for
Reserve
value
of
reserve
etc
taxes,
payable and accrued liabilities
State and other tapes—i—a---.—«-—;
for retirement annuities————"
for special contingencies—
tFederal,
Provision
$1,805,327
649,237
.
432,825
Assets—Cash in banks and on hand,
(market
1,9?4,747
-I—
-
Accounts
434,325
Balance Sheet,
Consolidated
insurance,
1
>
•
(net)—
assets
Prepaid
11,271,115
tl,705.918
1,082,062
depreciation,
tlncluding excess
credit of $177,722 in 1944 and $94,833
373,484
4,060,000
163,669
Liabilities—
$1,576,950
and
subsidiary and affiliated cos.
v
Prov.
—
of materials,
cost
deductinng
Fixed
—
432,825
$3.56
—
1,833,028
141,205
—
—
profits tax
Invest, in subs, and affiliated companies
•Stock of American Machine & Foundry Co.—
Patents, patent rights, etc
—
$3,016,442
share
per
•After
$3,054,805
stock
common
Earnings
$3,396,349
$1,541,774
1,083,063
——
Dividends paid—
$3,044,480
10,32o
+*2,595,867 tU,819,399
taxes——
income
$3,390,007
6,342
$1,850,039
1.617.318
1,110,452
19.160
2.707.039
; 308.434
351.912
4,060,000
163,669
1
• 1
2,078,391
182,827
Post-war refund of excess
$2,980,818
35,624
$4,294,887
47,342
109,903
(net)-—
income
Other
$4,289,437
5,449
oper.
receivable
acceptances
Accts. receiv. from
3,043,832
prof,
•Gross
Est.
1942
1943
•
receivable
Inventories
1941
$6,024,651
vT
1944
30—
bonds
Treasury
Accounts
Notes
6 Mos. End. June
1943
$2,209,572
2,770,457
1,210,330
4,006
banks and on hand
in
S.
U.
/V
425.
p.
American Chicle Co.
1944
Assets—
;
•
exchange
the
each
Corp.—V.
Metals
Comparative Balance Sheet, June 30
Balance Sheet, June 80
Comparative
of one-half share of that company's capital
of National Bearing Metals stock acquired. The
offer
will be open until Aug, 23.
The American Brake Shoe Co.
owned about 55 % of the outstanding capital stock of National Bearing
Shoe
Monday, August 21,1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
722
1943,
Bus
'
Merger—
:
U
on the following proposed ;
follows:
(1) United Coach Co. will be merged iato Associated Utilities Corp.,
which
will assume all
of its liabilities and acquire all its assets,?
including an income-note, due 1960, of Railway & Bus Associates in;
the amount of $1,218,336.
Thereupon all the outstanding shares of
stock
of
United Coach held
by Agecorp, and all indebtedness of
United Coach to Aucorp will be surrendered for cancellation.
: The
SEC
transactions
:
will
hold
a
hearing
Aug.
28
which may be summarized as
(2) Aucorp
will
purchase
from
Associated
Real
Properties,
Inc.
Volume 160
(Areal),
in
its
Number 4309
wholly owned subsidiary,
Railway for a consideration of
(3) Railway will liquidate and
THE COMMERCIAL & FINANCIAL CHRONICLE
-
166
shares of beneficial interest
Belden Manufacturing
$1,000.
in
paragraph
above.
(1)
Casualty
sales
Nec
income
Provision
for
for
Provision
for
:
depreciation
and
Associated
PA
NJ
(6)
Gas
and
Electric
having
'/■:/./ ;:r:v
Subject
District
Court,
Utilities
Co.
: ■''//
Netf
its
the
bank
York.—V.
The
sum
of
loan
from
like amount
and
of
per
p.
•'
Guaranty
Trust
X/vv;1944
Operating income
151,657,766
income
estim.
and
taxes
.
law__
88,626,273
139,661,835
12,159,486
™*
k
Gross
income
X
$4,180,755
$5,847,195
2,907,258
ft 127,884
In
$1,145,613
-
11,995,931
$1,595,596
$1,290,284'
60,735
86,173
its
on
Reduction
1943
in
operations,
$710,216
$1,204,112
Other
the
for
including
indicated in the corporation's
as
nine
months
annual
Gross
Inc. &
841,975
$603,672
215,341
Prov.
for
13,721
■
have
directors
in
each
$1,552,191
446,975
$1,217,833
443,026
604,340
68,478
865,212
£343,257
$500,875
$706,329
r
surplus
"-Includes
depreciation.—V.
159,
-
■
See
made
this period of
during
employees!
r
laneous
declared
a
dividend
of
cents
75
share
per
Todd
The
on
1943.—V.
160, p. 322.
2515.
p.
:
.
'
•
'
Cost
sales
of
Belling
..
Aug.
on
declared a dividend
Aug. 3
on
compares
16,
with
158, ;p.
1943.—V.
paid
cents
5
2463.
on
of
10 cents
and
profit
operating
,
earnings.
and
Discount
Other income:
amort,
on
1,350,263
1,493,409
sales
on
Prov.
r
1,159,457 /
•
:
Total income
Provision
1
'
—
!
for
estim.
Fed.
•
profits
Earns, per
-
30,920,724
taxes
$4,091,618
sh—
com.
$1.75
"
63,280
..
Consolidated .Balance
>
.
1944—Month—1943
,
income
Dividends
paid
$77,651
$94,695
*
for; year
/proceedings
restricted
75,641
—
'
-V
share
per
•
*"
Balance
$0.82
$1.00
Sheet, June .30, 1944
•
U. S. Securities, $415,000; accounts receiv¬
able (less reserves of $17,065), $252,677; inventories, $519,760; miscel¬
laneous accounts receivable and accrued items, $4,950; property,' plaht
Assets—Cash,
and
to
1942,
"
,
25,606,758
$4,665,47*7
•/
$2.00
$8,102,406
$9,316,448 $65,498,084 $68,613,503
sales
•
.
j
/
f
payable, $99,890; accrued local, State and Fed¬
$24,457; Federal taxes on 1943 income, $56,1944 income, $63,280; deferred income, $4,727;
reserve for contingencies, $17,536; capital stock (94,551 shares no par),
$567,306;
capital surplus, $718,391; earned surplus, $731,383; total,
$2,283,770.—V. 160, p. 531.
Liabilities—Accounts
eral
y
capital stock taxes,
800;
Federal
taxes on
.
/
stockholders approved the
$20 par serial preferred
to be issued as series A with 5%
special meeting held on Aug. 15, the
creation
of
an
issue of 150,000 shares of
stock,
of
dividends.
cumulative
The
the
series
of
basis
A
1944
•
-
13,956,337
-
stockholders on
10 shares of common
about Oct. 1, 1944, in lieu of any cash dividends
to
be
of
preferred
for
to
common
each
$3,986,366
/. ./
P.
Page,
stock.
of
,
$198,403
Aetna
Life
Insurance
Co.
159,
23,930
p.
106,919
William
ceed
his
160,
,
to
the
late
619.
~
and
indebtedness
cash
in
:
Operating
1967.
-
revenues
oper.
S. Govt, departU. S. Treasury
Dominion
of
Canada
year
1942,
$14,318,723;
prepayments
less amortization,
exps.
per
contra,
$7,178,000;
831
1944—12 Mos.—1943
$6,963,773
3,442,147
765,154
$6,664,325
3,264,693
678,498
$2,756,472
19,824
$2,721,134
$2,776,296
$2,724,924
785,861
539
/
$603,547;
$257,419
1,293,868
3,790
/
46,276
to
*106,310
-
' /
>
-
78,100
698,393
427,243
$133,043
income
84,320
$129,887
$1,292,042
$1,003,813
tax)
: —V. 160. p. 532.
Canadian Malarctic Gold Mines, Ltd.—Earnings—
goodwill, $1;
deferted' credits
$320,517
deductions —
profits
Net
.
''
'•
'
Tons
ore
Metal
'
"
'
1944
89,086
milled
(gross)
production
Adm.
and
Provision
income,
'
*—-
Marketing charges
Operating
•
costs
gen.
exp.—Toronto oflice
$333,038
4,180
240,056
8,296
22,075 "
taxes
for
Operating
profit
for
period.:
Note—No allowance has been
80,998
$326,703
3,785
230.836 !
7,716
19,000
$58,431 V
$65,366
made for depreciation.—V. 159, p. 2189.
—"
1944—3 Mos,—1943
' 1944—12 Mos.—1943
$11,082,788 $10,248,865 $45,593,515 $41,608,280
5,263,959
4,473,968
21,720,481
18,747,679
.1,346,400
1,235,400
5,162,930
4,924.728
_
"2,868,709
21,293
2,745,610 "11,884,553
$6,804,258
106,304
$7,132,444
.,96,792
$1,800,846
433,140
$6,910,562
1,699,555
$1,199,594
$1,367,707
•
balance
"Includes
—
the
company's estimate, based on the method of compu¬
of the Federal income and excess profits
.periods ended June 30, 1944.
tThe capital net gain of
$430,803 realized in 1942 from the sale of Radio Station WEEI is ex¬
cluded from the income balance as this gain is a non-recurring item.—
v; 159, p; 1967." '
;
' • '••'/.•
it
considers, proper,
160,
p.
620.
•
'
'
'
;,
this
year,
;
:
':r"
//■•
earnings
160, p. 620.
1944
—$5,912,000
/•-'"/
'
/'//:
1943
Celanese Corp. of America—Post-War Plans—
corporation has just issued the following announcement;
in supplying our Armed Forces with
many essential needs, the plastics division of this company has not
lost sight of civilian requirements in the peace to come.
To take one
example: in the field of packaging, in which Celanese research and
experience have developed many outstanding products, the same mate¬
rials developed to serve our armed forces will pass almost unchanged
and with but slight delay into peacetime service.
With its products
tested in the proving ground of war, the company
will return to
peacetime packaging with a variety of improved as well as new
materials designed to provide newer and better wraps and packages.
"Many packaging developments will stem directly from war developed applications.
In the field of plastics, for example, Celanese
Lumarith, because it is tough and lightweight, now goes into Army
utility kits, Navy first aid packages, containers for emergency rations,
spare parts and drugs.
After the war, packages such as these will hold
jewelry, powder puffs, fishing tackle.
They will become hat boxes,
sewing kits, lipstick containers and hundreds of others.
.,
"Revolutionary new materials have been developed. Such is Lumarith
V. N., a tough, pliable film, now used by our amphibious forces for
"Actively engaged though it is
'
.
.
.
and
Financial
Chronicle
(Reg.
U. 8.
Patent Office)
.
$5,663,000
' /"
The
for the
change.—V.
deemed
was
31
March
Period—
—V.
it
dividend.
a
On
$5,211,007 t$5,576,517
$1,618,491
Ordinary Div.—-
advisable to defer any action in respect
/
/
a distribution of 50 cents per share was
made on the ordinary capital stock, which was the first payment on
this issue since April 1, 1932, when a quarterly dividend of 31V* cents
per share was paid.///"';'/,/'•.'//.'
:/";Z •/'•■./'''
7 Days Ended Aug. 7
of
$7,229,236
1,652,719
14,771
on
was
unsettled,
10,747,659
418,897
income
>
55,770
9,822
$1,784,065
•
16,781
$1,603,720
Action
question of the payment of a dividend on the ordinary capital
considered at a meeting of the directors held on Aug. 14.
In view of the onerous expense liability for the company foreshadowed
in the National War Labour Board's recent award on railway wages,
both future and retroactive,
and the final issue thereof being still
stock
"
William B". Dana Company, Publishers, 25 Spruce St./New York 7, N. Y., BEekman 3-3341.
Herbert D. Seibert, Editor and Publisher,
William
Dana
Seibert, President; William D.
Riggs, Business Manager.
Published twice a week [every. Thursday (general news and advertising issue) with a statistical issue on Monday],
otner
offices; 135 S. La Salle St., Chicago 3, 111. (Telephone: State 0613); 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith, .Copyright 1944 by William B. Dana Company.
Reentered as secondclass matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879.
Subscriptions in United States and Possessions, $26.00 per year; inNOTE: On of Canada, the flucto*
Dominion account of $27.50 per
year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per year,
ations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
Commercial
/
1943
The
Co.—Earnings—
„
The
//
/
(& Subs.)—Earnings—
$319,978
$256,588
: «
(net)
Fed. taxes on inc. (incl.
Traffic
Income
•
tation
.
&
Quarter Eliding June 30—
*
-
/.
.
.
$681,480
276,017
85,485
$604,144:
255,554
92,002
revenues
exc.
:
'
costs
oper.
Income
i
•<
'
r
1944—Month—1943
—
Gross income
deferred
and
Beech Aircraft Corp.—Cutbacks Ordered
informed by the Army Air Forces of definite gradual
in our production," John P. Gaty, General Manager, stated
on
Aug. 14.
"These cutbacks in air craft production will be of great
help to us in fulfilling our contract obligations to the Army Air
(Edward G.) Budd Manufacturing Co.- -Registers 95,Forces during the next two years," Mr. Gaty continued.
"We shall
868 Preferred Shares—Exchange Offerbe able to retain all of our present employees under the new sched¬
company filed Aug. 12 with the SEC a registration statement cover¬
ules, and our past and difficult problem of recruiting large number!^
ing the proposed issuance of 60,000 shares of its $5 cumulative prior
of additional personnel for expansion and replacements will be mini-;
mized.
^preferred shares to be sold for cash.
Ladenburg, Thalmann & Co.,
Any reductions in the Army's requirements for our Model J8
and White, Weld & Co. are to be the principal underwriters.
<
twin-engine Beechcrafts will be offset by transferring personnel to
The company proposes to apply net proceeds of the sale primarily
our
rapidly expanding production line on combat plane wing con¬
to the redemption and retirement of such shares of its 1% cumulative
struction.
After adjusting for the announced cutbacks, our contracts
preferred stock as shall not have been exchanged under its offer to
still provide plenty of work for our present organization, plus a fair
exchange two $5 cumulative prior preferred shares for one share of
number of additional employees, up to 1946.">
/'■' I
1%
cumulative preferred stock. . Any excess
will be utilized as
Some readjustments in types of work performed by subcontractors
additional working capital.
will follow, Mr. Gaty pointed out, but the total volume Of work to be
The company is also registering 35,868
shares of ;$5 cumulative prior preferred stock for purpose of the ex¬
performed by subcontractors is expected to remain at or above its
7
$68,068
1—
/
-
deducs.
rev.
Other income
; >
4
-"We have been
1858.
of bonds
Canadian Pacific Ry.—No
cutbacks
p.
$35,123
- 32,945
/ 330; earned surplus, $31,206,906; total, $125,537;569A-V. 160, p. 115.
taxes
present level.—V. 159,
Net
:
<
$1,274,485;
reserve
for
special purposes,
$188,812; common
stock
(2,461,916 shares)/$12,309,580; paid-in and capital surplus, $10,801,-
*
'
Non-util.
$51,134; reserve for contingencies; $7,500,000/ reserve for warranties,
has been elected Chairman to suc¬
Edward Bausch, who died on July 30.—
.
37,300
$37,579
6,779
.
California Electric Power Co.
\ Util.
banks
;
Bausch, Vice-President,
brother,
p.
77,835
$44,358
profit
resulting from purchase
*'/. '/;■'■////• ///.:'/.•.-■'■/
—V. 159. P.
;
•
Gross
•
109,782
;
Period End. June 30—
payable, $6,-790,488; •cUfetomers' deposits. - on
accruals, (including accrued payroll), $7,381,699;
U. S. Govt.: provision for taxes on income, 1944, and prior years/and
for renegotiation
applicable to years 1943 and' 1944 (less U. S. tax
notes of $29,659,402/$29,740,793; provision for renegotiation applicable
546.
-
$182,205
Surplus
•
$11,114,343;
Boston Edison
Co.—New Chairman—«
49,247
$222,333
operating
Credit
Liabilities—Accounts
Int., disc, and rents
V.
$7,178,000;
contra,
per
$15,408,058),
of
charges, $2,522,680; patents,
total, $125,537,569.
,
above.—V.
$132,959
income
interest
'
$1.71
notes
receivable—customers,
$2,405;
less reserve, $125,610,374; employees
and officers traveling advances and accounts receivable, $63,560; other
accounts and notes receivable, $979,668; materials, supplies, work in
process and finished goods (less reserve),* $27,802,591; stocks,, bonds
and
notes
of " other companies,
and miscellaneous investments (inbludihg «125,184 shares of Borg-Warner common' stock), $1,110,789;
post-war refund of Federal and Canadian excess profits'taxes, $3,969,524; property, plant and equipment (less reserve for depreciation and
Jr.,
Bausch & Lomb Optical
J
1,674,383
$20,224,720;
Automobile Insurance Co.—Mid-Year. Report—
See
1943
$1,807,342
2,053,653
Federal and State taxes on incume—
$4,007,545
$1.70
receivable—customers,
President, reported that all the previous out¬
Period End. June 30—
standing $3 preferred stock has been retired either by conversion into
Operating revenues
common or by redemption by
the company.
<
'
Operating expenses
Mr.
Page said the stock dividend to be paid this year would be
/ Depreciation
equal to the $2 a year paid last year on the common stock.
He also
Uncollectible revenue
pointed out that the money conserved by paying a stock dividend this
.Taxes accrued
year would be held to meet any contingencies that arise in the con¬
version period after the war.—V. 159, p. 2514.
Net oper. income
<
.; v.;•'{ V;';/S'7:
Non-oper. income
Robert
1944
$2,252,056
Total
Bond
5,312,961
"
.
.
distributed
is
the common
on
are
share
stock
one
stock, payable on or
for
shares
50,000
which
prime
($79,900),
orders,
Approved—50,000
Shares To Be Issued As A Stock Dividend—
a
-
(?amortization
Autocar Co.—New Preferred Stock
At
Subs.)—Earnings—
.
■
under contracts with U.
contractors thereto,- $8,488,655;
and
and >-certificates
accounts
of $749,418), $882,233;
equipment (less reserve for depreciation
charges, $3,416; total, $2,283,770.
(&
'
Sheet, June SO, 1944
expenditures
ments
bonds
$205,734;
deferred
1944—7 Mos.—1943
,
$8,123,179 $56,869,485 $60,723,954
1,193,269
8,628,599
7,889,549
Profit
160,122
Assets—Cash; in banks and on hand, $12,662,332; cash in banks
to be applied in payment of liability to U. S. Govt, under renegotiation
bonds
Earn,
-
$6,795,614
1,306,792
"
-Net
-
A
\
'
.\
48,000
;
31—
Revenues
Other net
administrative and selling expenses.
"After deduction of factory,
;
31,448
32,756
taxes
■
/
Net'jinc. after taxes—
-
$190,731
]
taxes
miscel¬
Federal
''
'
.
California Consumers Corp.
•
$157,100
:
Federal
for
for
.
Costs, oper. & gen. exps., incl. deprec.-——
880,656
'
163,811-174,621
291,609
and Canadian inc. and
exc.
•
Depreciation.
provision
.
/v
sales—
'
Combined
Net
/7
$163,689
2-601
estimated
9 Months Ended June 30—
/
and
charges
sundry
Dr6,589
(net)—.I-J^——
$98,724;
—V. 160, p. 219.
-
"
1944
hand
.
$36,797,361 $31,786,309 $19,276,780 $10,361,283
'.///-•.'//
"
plant and equip..
54,928
$188,130
-
on
purchases and withholding tax, $178,126;
taxes,
Period End. July
•
Gross
and
2411...
p.
Wholesale
10
.
•
120,051
•
$2.19
renegotiation
share
per
last,
22,
6 Mos. End.-June 30—
1944
,
1943
1942 /
1941
"Net operating profit— $36,165,439 $31,511,689 $18,841,585 $10,020,262
Other
earnings
► 631,922
v 274,620
435,195
341,021
,
677,118
33,712
$1.36
effect of
during the six months -ended June 30, 1943,
banks
in
war bond
Retail sales
to holders of record
Dec.
>
/
'
!•
'
v
1943
130,536
outward freight.
incl.
expenses,
Administration expense
..
the
Butler Brothers, Chicago—July Sales—
160, p.-531.
Borg-Warner Corp. (& Subs.)—Earnings—
$1,015,786
875,869
—
-
-
$2.14
for
made
.
.
$1,228,247
;
,
$1.72
(less U. S. Treasury notes, tax series, $3,620,000), $370,784;
for contingencies, $495,000; capital stock ($5 par), $1,500,000;
surplus, $4,239,946; total, $10,926,225.—V. 159, p. 1967.
V.
V..159,
value capital stock, payable Aug. 21
par
This
8.
cents
7
—
_
225,000
$431,872
elected directors. •
.....
/
,
The usual quarterly dividend of 50 cents per share has been declared
on the common
stock, payable Sept. 1, to holders of record Aug. .12.—
\
Cargo Ships—
t,
1944
;
*
Bullock's, Inc.—Four New Directors—Regular Div.—
'
-
"
sales .'■«*
stk._
com.
provision 'has been
accrued
earned
v
Shipyards Corp. below.—V.
directors.
the $2
Aug.
Total
6 Months Ended June 30—
225,OdO
$183,550
on income
on
Blue Diamond Corp.—To Pay 20-Cent Dividend—
v
Deprec.
Net
150,000
$492,402
'
Liabilities—Notes payable "V"- loan, $3,000,000; customers' advances,
$607,951; accounts payable, trade, $281,961; accrued payrolls, $153,734;
1944,' totalled
30,
,
"
Atlas Tack Corp.—Earnings-
$656,872
,
June
:
:
quarter during
facturing.—V. 159,
2514.
p.
______
$408,550
$642,402
'
Myrl J. Williams has been named Vice-President in charge of manu¬
,
Balance,
804,000
*
(including $522,902 restricted
'. to use in performance of contracts), $5,248,432; accounts receivable,
customers, $1,488,182; inventories, $1,588,430/cash - surrender value of
/ life insurance, $17,059; investments, $673,696/property accounts (net),
/;$1,867,313; patents, at nominal amount, $1; deferred charges, $43,112;
total, $10,926,226/
'
"
Berkey & Gay Furniture Co.—New Vice-President—
*:v
<
$1,278,435
contingencies
;
Grover Magnin, G. C. Slavin, O. B. Howd and M. E. Arnett have been
$2,910,895
767,247
/
*
901,000
"
,
1,483,000
under the . War Profits Control Act, of prices charged for certain of
the capital stock, par $5, payable Sept. 30 to holders of record Sept/9.
A similar distribution was made on March 31 and June 30, this year,
and
r
.
150,000
-
000 shp. of
reserve
1,440,209
45,074
profit
prof, taxes-
exc.
25,129
-
-
75-Cent Distribution—
The
'
•
145,000
profit—$515,992
Assets—Cash
i;'/''"/
on May .18.
ended
refunds
retroactive
$30,679,417.
$1,470,686
Dr20,303
(net)
profit
excess
—2,050,000
Balance Sheet, June 30,
provision for Federal taxes and estimated price adjust¬
stated policy of reducing
reductions
$62,305,856,
124,910
$623,974
and
the company's product
84,340
38,108
profit
$1,460,872
tax
Note—No
/
.
report for that year mailed to stockholders
.
Net oper.
$1,384,759
75,209
view of the renegotiation
realize
$1,511,256
144,671
60,967
inc.
/
law, Ernest R. Breech, President, stated,
net
profits have been adjusted to substantially.. the same ratio of
profits to volume of sales that it is expected the corporation will
4,229,525
106,414
$662,082
expense
$2,243,769
118,367
defense facilities
f;
/
Interest
$2,838,638
127,643
—„
Surplus :$365,992
Earns, per share on 300,-.
•
■
V ''-f'V
price./'''/•/•,
renegotiation
income.
Price
2,226,373
51,394
68,376
$1,435,743
362,178
643,148,412
ments, 1 he said, reflect the corporation's
prices as conditions .warrant.-1 . - : •
■
1944—6 Mos.—1943
$593,706
income
Net
/
.
.'
67,871
$1,368,765
15,994
Prov. for contingencies*
1943
income—— 663,586,477
Bethlehem Steel Corp.—To Build
Other
Amort,
:!'V
per
share—
——$5.74
$5.67
Unfilled orders at June 30-V—
677,868,000 1,042,431,000
of
$2,987,750
1,542,614
$2,214,930
28,839
income*/
Total
cents
$2,204,191
expenses
Fed.
Earnings
Distribution—
1944—3 Mos.—1943
revenues
for
Net
'
'
Taxes, other than Fed._
$2,794,857
43,781
income
Federal
etc.—100,785,759
adjustments under the
NY
Co.
other operating
before
Prov.
■■■:■
_
Period End. June 30—
$1,797,921
Dividends
Atlantic Gulf & West Indies Steamship Lines (& Subs.)
''Operating
$1.14
Corp.—Earnings Higher—
taxes,
'
•—Earnings—
Operating
$276,818
$0.70
Profit
a
Distributions of 40
1941
$1,736,776
368,011
profit—*—
Operating
Other
^/'■//.//
Net sales and
/
value,
par
no
30,176
share—
2076V
Nine Months Ended June 30—
dividend of 50 cents per share on the
payable Sept. 30 to holders of record
each were made on March 31 and
June 30, this year.
In 1943 the company paid 50 cents on March 31,
and
37'/2
cents each on June 30. Sept. 30
and Dec. 31.—V. 159,
pp. 2410 and 2187.
stock,
11.
1942
$2,586,573
371,643
expenses,
111,415
614,911
31,322
$169,088
Bendix Aviation
$26,-
'Ay'J
'
160, p. 218.
directors have declared
common
117,981
,
1943
449,553
$3,244,410
profit————
Costs and
profits
an
Associates Investment Co.—Larger
Sept.
Gross
381,000
_
(estimated)
taxes
contingencies
income
—V. .159,
•i
discharge
1,033,321
depreciation
Federal
Earnings
Agecorp,
appropriate order from the U. S.
will make a cash donation to NY PA NJ
of $4,000,000
to be used by the latter to
Agecorp
in
of
The Mohawk Valley Co.
aggregate carrying value
.
obtaining
to
Co.,
an
indebtedness
and
securities
Co.,
Utilities
527,253.'
other
certain
$5,597,881
699,392
1944
'
Net
Co.
Insurance
$125,000 principal amount of 8%
bonds, due 1940, of
Agecorp; and the balance of the purchase price will be paid by Dover
to Aucorp in cash. '//://
>'.■ a..'/';///:
(5) Agecorp,
holding a 2%
convertible obligation, due
1963,
of
Aucorp, amounting to $82,747,814 at July 1, 1944, will receive from
Aucorp, as payment on account, $3,300,000 in cash; the securities of
Agecorp which Aucorp will acquire, as set forth in paragraph (4)
above;
$5,422,840
;
.
1978,. and
'A
1943
Co.—Earnings—
etc.
6 Mos. End. June 30—
1944
•
„
before
Provision
'
:
having outstanding 2,500 shares
of
common
stock, will purchase 1,600 shares for retirement from
Aucorp for a consideration of $450,000 and correspondingly reduce its
capital from $700,000 to $250,000.
Dover will pay for said shares in
part by delivering to Aucorp, at the market value thereof at the dateof delivery, $200,000 principal amount of 3%%.' income debentures, due
(4) Dover
billed-
Net
Bower Roller Bearing
Co.—Earnings—
r:
6 Months Ended June 30—
deliver all its assets, subject to its
liabilities, to Aucorp.
In connection therewith Aucorp will surrender
to Railway for cancellation the 166 shares of beneficial
interest/in
Railway, which it proposes to acquire, as set forth in paragraph (2)
above, and the income note, due 1960, of Railway in the amount of
$1,218,336 which Aucorp will acquire from United Coach, as set forth
723
j
protective
field
paper,
Central
wrap'
Iowa-Illinois
Miscellaneous
Other
revenues
$469,270
$435,911
$6,351,440
232,178
3,369,612
2,976,519
81,473
37,151
50,477
959,402
582,759
36,554
454,569
381,976
41,500
40,750
486,258
537,757
—
Federal
taxes
Other
ret.
approp.
limited-term
res.
of
Amort,
investments
Net
$62,794
(net J—
Net
$72,942
19,389
229,300
237,254
$53,553
period
$841,120
applic.
to p
108,054
for
—
Capital surplus
Earned surplus
—
Total
Gas Co.—New Name—$2,000,000
Arranged—See Central Electric &
Telephone Co.—V. 160, p. 532.
&
mechanical
NOTE—~For
possible
to
reasons
position
alphabetical
stockholders
The
Telephone
&
July
on
items
concerning
approved certain proposals
27
The principal
financing.
corporate rearrangement and
of such program are as follows:
and
property
of a new company, Central Telephone Co. (Del.)
in exchange for its bonds, preferred stock and common
Central Electric & Telephone Co. at approximate book
value, all of the telephone properties plus certain cash and plus other
current assets and current liabilities applicable to the telephone prop¬
erties of Central Electric & Telephone Co.
(1) Organization
to
acquire,
stock,
from
Acquisition from Central Electric & Telephone Co. at
Central Telephone Co., of the common stock of
new
Co.
Telephone
tne
of
owned by Cental Electric (which represents 86%
of Middle Western Telephone Co. outstanding).
owns
all of the common stock of each of LaCrosse
Western
Middle
and Middle States Telephone Co. of Illinois.
It is
proposed that Central Telephone company will underwrite the retire¬
ment of the debt of Middle Western so that company
can then be
Corp.
Telephone
liquidated and eliminated from the corporate structure.
As a result,
both LaCrosse and Middle States would become subsidiaries of Central
stock
(which would
Co.
Telephone
of the common
not less than 86%
'r '
own
such subsidiaries).
of
each
of
Acquisition from Central Electric & Telephone Co. at its cost, by the
new
Central Telephone Co., of all of the securities of Virginia Tele-
Telegraph
<fe
>phone
subsidiary of,. Central
present wholly-owned
Co.,
Electric.
Electric
&
Co. to Central
of Central Electric & Telephone
Change of name
(2)
Co.
Gas
(which has been arranged
the $3,100,000 30-year
Central Electric is to
acquire in the transactions outlined above,
also sale privately by
Central Electric of $2,000,000 30-year 3'/2% bonds at 105% (which has
been arranged also).
Funds thus realized, plus the $363,500 of cash
now on deposit
with the trustee for the company's bonds, will provide
the bulk of the funds required to redeem the present $5,350,000 of
3%% bonds of Central Electric and provide funds for retireemnt of
the Middle Western debt of $365,000, etc.
No other public financing
(3) Sale
Electric
Central
by
105%
at
be
required
Max
McGraw,
will
this program.
connection with
in
President,
in
a
(no
results of,
and
for.
reasons
dividends, in
Improvement in earnings available for payment of
(1)
tax rates in the law as amended in 1944.
In addition, because of benefits arising from transfer of the telephone
properties from Central Electric to Central Telephone Co. under the
invested capital provisions in the amended tax law relating to so-called
excess profits, approximately $1,500,000 of additional tax base becomes
available for establishing earnings credit at 8% for Central Electric, as
spite of increase in Federal
in the amended law, or a $30,000 per year saving in con¬
with earnings of any additional properties to be acquired as
against 6%
nection
long
the
as
principles
the
of
so-called
present
resulting from the bond refunding, indicate a
non-recurring saving of about $200,000 (not reflected in the accom¬
panying statements).'
deductions,
Tax
(3)
Elimination of Middle Western Telephone Co. from
not own
of
two
company
rearrangement
Favorable
(6)
emphasis on
makes
for
a
of
One
bonds
30-year
new
the
most
maturity
bond
extends
three months beyond maturity
and
bonds,
for
funds
places
which
eight
of the present bonds.
important features of this
program
is that it
will
place both Central Electric & Gas Co. and Central Telephone Co. in
better position to handle property acquisitions and mergers.
In this
glad to be able to advise stockholders that we have a
connection we are
been drafted, but not yet signed,
verbal agreement and the contract has
for
purchase, on
favorable basis, of a situation involving more than
a
$2,250,000 of annual gross revenue.
It
seems
will be
or
pany"
Act
as
under
of
result of
a
of its subsidiary companies is,
changes outlined herein, a "holding com¬
the
provisions
the
the
of
Public
Utility
Holding
Company
again in
preferred
and
is
common
a
being
given
shall
stock
manner
as
be
to whether
made
to
offering
an
of Central
pro-rata
stockholders
the
similar to the offering made about a year ago.
If
such offering is made, it probably will be announced after the transac¬
described above have been completed.
tions
Pro
■
Forma
the
of Central
& Gas Co.
the
the hands
of
mortgage sinking fund
(2) Securities
mortgage
•3y2%.
due
dividend
Common
of Central
and
Telephone Co. to be outstanding—
collateral
lien
1974
cumulative preferred
stock
sinking
fund
bonds,
_
—
(stated
$2,000,000
3,279,500
776,402.91
1974
value)
stock
(shares)
___,
...
before
laid
be
Judge
Igo
Surface Lines an
reserves.
Liquidation of assets no
the city would require an estimated $10,000,000.
Firs
bondholders would receive about $69,000,000 and junio
$51,000,000 for physical properties of the
would pay
purchased by
Jersey—Exemption from Ruling
of New
RR.
mortgage
Against Tax Settlements Asked—
security holders, approximately $16,000,000, estimated as of April
1945.
The city would pay $9,650,000 for physical properties of
petition in Federal District Court at Newark,
N. J., Aug. 14, asking the Court to find that the recent ruling of the
New Jersey Court of Appeals and Errors does not invalidate the rail¬
road tax settlement Acts of 1941 and 1942 as they
pertain to the
The
filed
company
a
' ,
,
petition, filed by trustees Shelton Pitney and Walter P. Gardner,
the State's tax claims at between $24,000,000 and $26,000,000
and declared that should the Court reject the road's plea that the
settlement Acts are valid so far as Jersey Central is concerned, the
The
placed
road
the
have
does not
to pay the State in full and
money
that "the
to be that the State of New Jersey
only other solution would seem
mission
that
decide."
would
high court decision, the petition continued, rested on a finding
was no consideration received by the State for the "remis¬
with
the bankrupt
railroad, the trustees said they "are
that there were many substantial and valuable
accruing to the State.—V. 160, p. 532.
/
<
1
)
t
>
'
_
prepared
considerations"
1 \
debt.
-V',
C
•»
' S
Vice-President and Harold
the
V.
i (And Century Factors,
*•'
before
Profit
income
Fed.
Inc.)
1942
1943
$73,974
6,000
tkkesi-L-
$165,217
$132,989
taxes'ji)i__in.___
62,000
50,000
$103,217
$88,199
13,038
14,976
$67,795
16,618
$73,222
U;:
\
taxes__2k'iA_—
eral
__
^
Preferred dividends__i__w_-_
surplus
Balance,
Shares
of
$90,180
stock
common
ing (no par).
Earns, per shr.
on
the
have
Liabilities—Trade
facturers
(est.),
eral
and
Sheet, June
Balance
on
center.
an
Sept.
income
member
the
Frank
1
to
succeed
tax,
provision
$45,870;
1943,
income
Total
1943
1942
1941
$
;
$
$
478,134,653 435,688,876 259,454,250 508,128,54
of
Cost
fee
-
Exps.
F.
Harold
the
of
Russell,
director,
a
Kingsmill,
board
act
has
elected
been
Mr. Kingsmill will
consulting engineer
resigned.
will
and
ice,
as
is
-
•
•
the National Aircraft War Pro¬
Manager of
Dowd
on
Aug.
director, effective
15
Aug.
announced
31.—V.
his resignation
160,
p.
621.
as
President
&
gen.
&
14,464,422
12,899,464
26,845,94
v'-•
re-
v'
re-es-
of
auto-
.
6,000,000
9,350,000
18,500,00
12,537,350
8,770,006
20,974,84
6,526,698
8,702,264
6,526,69
$2.91
$2.88
$2.02
$4.8
&
tax.—est.
profit
dividends
per
6,000,000
25,450,000
6,526,698
inc.
Fed.
profs,
20,150,000
12,673,147
business
for
•War
17,349,852
plant
conversion
Cash
i.' .'
serv-
int.__
reha-
&
for
share
materials
and
adjustment provisions,
fixed-fee
-
sell.,
adv.
exc.
engi¬
admin.,
or
tablishment
Net
421,961,655 377,237,105 228,434,781 441,807,76
contracts
bilitation
Prov.
costs
cost-plus-fixed-
mobile
General
incl.
sales
und.
Prov.
Certain-teed Products Corp.—President Resigns—
a
Ended June 30
Subsidiaries)
477,552,789 435,405,318 259,250.081 507,966,13
581,865
283,558
204,170,
162,40
i
Other
President—
Inc., on leave of absence from National Aviation
Corp., of which he is President.
He is also a director of the Bank of
The Manhattan Co., South American Development Co., and the Union
Sulphur Co.—V. 159, p. 1968.
and
v
$
116.
Council,
J.
Income Statement, 6 Mos.
all wholly owned United States
1944
•Sales
for Fed¬
corporation.
Russell
Mr.
Consolidated
-(Including
1944
tax,
President
duction
engaged in doing all that they can to contribut
to be
victory.
early
Comparative
creditors, $81,556; due to factoring depts.—manu¬
$1,133,384; accrued wages, taxes, commission
Federal
Cerro de Pasco Copper Co.—New
for
t
our
continue
to
neering,
a
asked
the Tank Arsenal itself has been supplemented by th
small arms ammunition plant into a tank modifi
Meanwhile our other plants and engineering labora
of
tories
30, 1944
hand,
(est.), $62,000; reserve for contingencies, $25,000; 7% preferred stock (par $100), $367,500; common stock (100,000
shares
no
par),
$2,000,000;
capital
surplus, less operative
deficit
Effective
the Arme
been
jobbers,
$57,166;
income
and
has
Corp.
In order to accomplish this resul
al^o been accelerated.
of
output
conversion
cation
Consolidated
banks
requirements of
Chrysler
During the half year just ended two of the newer major war item
to our engineering and manufacturing organizations hav
to reach volume production—nose sections, cowlings and lead
ing edges for the Boeing B-29 Superbombers and Wright engines fo
these airplanes.
In the same period shipments of new and modifie
$507,066; U. S. Govt, bonds
(at cost), $127,400; notes receivable
(factoring departments—manu¬
facturers),
$5,900;
accounts
receivable,
$1,687,378;
cash surrender
value life insurance, $81,205; inventories (est.), $959,338; land, build¬
ing, machinery and equipment (less reserve for depreciation), $1,311,909;
investments in
mill
superintendent's house,
$1,380;
deferred
charges applicable to future operations, $27,699; total, $4,709,275.
In
which
war
tanks
com.—
materials
v/ar
begun
100,000
$0.51
100.000
$0.68
100,000
$0.90
the
for
entrusted
.
outstand¬
'____
President, states:
changing and increasing
Kellor,
production in our plants during the first six months of thi
year was greater than in any half year since the United States wen
to war.
Output in the second quarter exceeded that of any quarte
'. in the corporation's history.
make,
$51,177
Fed.
new
116.
meet
Services
1944
,
T.
To
.
6 Mos. End. June 30-^
C.'s
Chrysler Corp.—Quarterly Report—
K.
Century Ribbon Mills, Inc.—Earnings—
.
Louis.
is to advertise for competitive bids as required b
regulations and the bids will be opened Aug. 23.
company
C.
I.
160, p.
532.
p.
?'•
Chicago & St.
The
Financing
securities would effect interes
rapid reduction in the outstandin
principal and interest of th
obligations of the company was asked in a joint application file
by the proprietary railroads using the terminal.
These include th
Burlington, Milwaukee, Pennsylvania and the Pittsburgh, Cincinnati
(Del.)—Acquisition—$3,100,000
Arranged—See Central Electric &
Telephone Co.—V. 160,
a more
new
Central Telephone Co,
Private
bearing
interest
lower
of
.
Authority to guarantee the payment of
^
r
Elected—
Eugene V/. Scarborough has been elected
Ouimette as Treasurer.—V. 158, p. 1527.
issuance
savings and make possible
,mh
'
company asked
authority to issue
the
A case to which
the Jersey Central,
Noting the Jersey Central was not a party to the litigation and had
chance to show that the State stood to gain from such a settle¬
to prove
.
the Interstate Commerce Commission Aug. 1
and sell $37,800,000 first mortgage series
bonds and $6,200,000 of guaranteed serial notes to provide funds fo
the retirement Jan. 1, 1945, of $44,000,000 first mortgage series
,3%% bonds.
The outstanding 3%% obligations are redeemable on Jan. 1, at 108
plus accrued interest, and the company said their retirement throug
no
ment
$44,000,000 Refundin
—•
The
for
abatement" of railroad taxes.
cancellation and
only State officers were parties is without effect on
the petition stated.
of
Chicago Union Station Co.
Contemplated—
,
there
sion,
liquidation
lines;
be
in a reorganized company, under a reorganization
plan, to such extent as the Court and the Interstate Commerce Com¬
securities
given
30
th
other assets would require $4,850,000
Total to security holders would be $14,500,000
The city would assum
liquidation of unpaid- taxes prior to 1940 and waive its outstandin
claims against the "El" lines.
For financing the purchase the proposal was for original revenu
bond issues totaling $84,650,000 and modernization bond issues totalin
$15,000,000 in 1949, with an expected interest rate of 3 % %.
The Chicago Motor Coach Co. lines were not included in the plan
—V. 160, p. 533.
elevated
Jersey Central.
civilian
products,
less
returns,
including billable costs and
contracts.
v.
-
--
-
-
allowances
an
fees on cost-plus
•
■
and amortization have been charged to cost o
in following amounts:
1944, $4,355,034; 1943, $5,
$5,541,001; 1941, $15,874,942.
Note—Depreciation
Chapman
Valve
Manufacturing Co.—Earnings—
6 Months Ended June 30—
•Net
$3,100,000
35,000
$1,950,000
would
plan
$24,000,000 for release of renewal
Central
Hector
bonds, 3%%, due
6% cumulative preferred stock ($50 par)
Common stock ($1 par) (shares)
$2.50
in
public—
First
First
to be
proposition
the
said
prepared by Philip Harrington, Commissioner o
Subways and- Superhighways, $85,000,000 would be distributed amon
security holders of the Chicago Surface Lines and $14,000,000 amon
th.ose of the Chicago Rapid Transit (elevated) Co.
In
more
detail the plan called for these transactions:
The cit
Telephone Corp. and
stocks (approximately
$734,992.—V. 160, p. 532.
Corporate Chart
Electric
foreclosur
court
16.
Under
Earnings
(1) Securities
plan for
municipal ownership traction ordinance.
plan, proposing direct purchase through a
committee,
$25,000; total, $2,238,372. La Crosse
Middle States Telephone Co. of Illinois common
of stock outstanding of each company),
for
a
Aug.
Co.
(100%
interest), com¬
bonds, $1,456,235; notes re¬
Telephone
&
Telegraph
stocks, $757,137;
"Virginia
remain
Consideration
Electric
$357,018
$1.52
would require a public referendum.
Experts figured April 30,
1945. would be the earliest date for consummation of the transaction.
Alderman. James R. Quinn, Chairman of the Council's transportatio
$8,260,628
———
ceivable,
any
1935.
-1943
1944
$346,747
$1.48
share
y
long-range
a
The
1,259,955
————■
Total
appropriate to confirm at this time that, in the opinion of
neither the company nor
counsel,
203,578
sale,
178,250
to outtsanding bonds
depreciation
for
($11,136), June 30, 1944, $936,758; total, $4,709,275.—V. 160, p.
..
159, p. 2191.
adopt
21,903
—
Condensed
conservative setup
of
Issuance
(7)
years
sinking
of
that includes natural gas properties,
over a period of time.
the company
more
1943
276,659
taxes
proposal
520
■■———
applicable
Premium
Reserve
Assets—Cash
Reduces bond interest requirements.
(5)
.
liabilities
Current
debt of the system companies by $615,000.
Reduces combined
(4)
■
the corporate
is strictly a holding company in thai it does
and operate physical public utility properties, but owns stocks
telephone companies.
which
setup,
-
3,100,000
'Net profit after deprec. and Fed¬
(2)
1944
$18,586,635 $17,239,936
on Aug. 15 unanimously approved a $100,municipal purchase of the surface and elevated
ending the city's traction muddle.
In a special meeting the Council authorized the corporation counsel
to inform Federal Judge Michael L. Igoe of the city's readiness to
1,950,000
bonds,
fund
sinking
deposits
tax
profits
excess
exist.
law
stated at
collateral lien
1974
par)
Central Republic Co.—Officials
letter to stockholders states:
this program, aside from
the inherent benefits arising from concentration of corporate owner¬
ship and operation of telephone properties segregated from electric and
gas properties, are as follows:
the
of
Some
-
..
taxes___
provision for Fed. income
lines,
$1,750,000
—
—
stock
Customers'
The
privately with institutional
bondholders) of
3Vz% bonds of Central Telephone Co., which
-jt
Lines and Elevated for $100,000,000—
its cost, by the
stock
extra
The Chicago City Council
par)
94.7%
.
each made in
distribution of
cents
73
an
________
after
000,000
stock (35,000 shares, •
preferred
cumulative
dividend
mon
..
j
made
on
Chicago Surface Lines—Council Votes to Buy Surface
$8,260,628
mortgage and
series A, Zv2%, due
Middle Western
now
common
—V.
455,495
164,570
i
assets
current
Common,
Co.—Corporate Re¬
arrangement and Financing Plan—Name Changed—
Electric
payments of
Dec. 30, last,
share.—V. 160, p. 621.
,
profit after
11,654
.
______
First
Central
quarterly
.
Earnings per common
2,973,364
charges_____
deferred
and
accounts
__
no
possible.
as
four
to
company
Chicago Mill & Lumber Co.—Earnings—
—
•—
.
$2.50
dividend of 75 cents per share
to holders of record Sept. 8.
issue on Jan. 1, April 1 and
6 Months Ended June 30—
Net
Liabilities—
alphabetical
companies in exact
arrange
2
this
—-V. 160, p. 220.
$4,306,051
349,493
Investments
Other
a
on
six Months Ended June 30—
Profit
Only))
Total
it is not always
However, they are always as near
order.
"
Prepaid
the
declared
Oct.
payable
disbursed
Balance Sheet, Dec. 31, 1943
(Central Telephone Co. (Company
Cash
■
<
was
year.
addition
Sales
Assets-
Financing
reserve
surplus,
Chicago Mail Order Co.—Semi-Annual Earnings-
v
$10,134,441
——---
—
-
Approximate Pro Forma
Tangible property
Electric
Central
In
1943,
stock,
amount
July 1, this
r
599,529
—'
—
—
ac¬
for taxes
$3,785,330; total,
$162,273;
wages,
$1,908,574;
1968.
p.
Aug. 8
on
common
similar
50 cents per
11,154
construction
■
^
159,
preferred stock, $500,000;
$3,500,000;
accrued
$2,002,610),
1,447,265
depreciation)
for
of
aid
in
Intangibles
Private
—-—
the
on
A
,
(principally
108,054
stocks
,
3'/2%, due 1974
!
,
liabilities
Contributions
$977,163
159, p. 2299.
—V.
credits
Current
757
-
18,790
income
Dividends
$1,070,420
$3,279,500
'76,403
2,000,000
53,533
120,240
stock
stock,
$778,864;
of
notes
Chesapeake & Ohio Ry.—75-Cent Distribution-
$1,214,417
$44,521
charges
Interest
37,469
$1,213,660
122
$63,311
income
Gross
25,229
$1,056,370
14,050
517
income
v
payable,
tax
The directors
preferred stock ($50 par)
($1 par)__
First mtge. sinking fund bonds, series A,
Customers' deposits
:
.
cumulative
6%
Common
Reserves
revenues-
oper.
Other
3,132
$72,820
1,073
—
$10,635,040.—V.
(less
$10,134,441
Deferred
—
taxes
Prop.
—
assets
counts
510,774
282,102
•
Liabilities—
$5,730,140
245,279
—
expenses
current
Liabilities—Common
5,914
382,085
Total
1944—12 Mos.—1943
1944—Month—1943
period End. June 30—
Operating
-
—
1944
30,
June
Sheet,
and
buildings, $1,426,817; machinery and equipment,
$1,211,125;
buildings
and
equipment,
amortized, $879,889;
patents,
$83,336; U. S. bonds, $100,000; inventories, $2,592,436; cash, $1,250,246;
post-war
excess
profits tax,
refund,
$434,885;
accounts receivable,
$2,595,685; deferred assets, $60,621; total, $10,635,040.
24,504
—
—
—
for amortization of $151,470
reserve
Balance
1,950,000
and funds..—
Prepaid accounts, etc.
Cash
and Government securities
$54,186,
Assets—Land
t
if'^O,000
—..
—
__—
__
deposits
Special
-.vy-
Co
Telephone
Power Co.—Earnings-
Central Arizona Light &
Operating
Co.—Preferred stock—_
Telephone
stock
Common
Because these materials are designed
to guard against oil, water and corrosion they will be of great value to
industry after the war when they will serve as protective packaging
for
motors,
bearings,
tools, repair parts and innumerable other
products."—V. 153, p. 2412.' ^
by the Armed Forces.
up
v'-v1 •.
;■.. >,v>\;•
Investments—
of
m
$4,787,772
441,289
——
Intangibles
metal foils or fabrics, has been developed into the famous
that meets some of the most rigid specifications ever
or
'ordnance
drawn
ciation
Federal taxes of $1,949,104.
•'
I
property
Tangible
applications for Lumarith have been developed in
of laminated materials.
Thus Lumarith foil combined with
new
JAfter normal depre¬
and estimated
of $125,907 and Federal taxes of $1,670,778.
tion
(Company Only))
Gas Co.
&
Electric
(Central
Assets—
after the war.
uses
"Interesting
the
',
of other
shortly for glamorous rain wear,
Sheet, Dec. 31, 1943
Approximate Pro Forma Balance
destined
instantly ready for action, but
shower curtains, and dozens
•water-proof flotation gun bags,
Monday, August 21, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
724
profit
"After
charges.
$$487,276
________—
operating
expenses,
tAfter normal
Federal
depreciation
taxes,
t$417,695
reserve
$289,122
and other
for amortiza-
depreciation
of $86,608,
sales
1942
1943
1944
and
044,151;
expenses
1942,
Operations of the corporation and its subsidiaries for the six month
1944, and for the year 1943, include transactions whic
ended June 30,
are
subject
to
the provisions
of the Renegotiation
Act providing fo
Volume
renegotiation
be excessive.
to
appear
have not yet
been concluded.
,.V
.
♦Totat
Balance
Consolidated
*
income
•Cash
:
837,747
supply
.
fees
and
53,887,634
(Canaoa
Real
estate
2,507,682
194,544
801,000
47,798,081
,r:
1
1,345,745
1,494,715
154,565
801,000
51,533,712
1
2,689,070
Prepaid
—
.Liabilities—^
interest,
Advances
Federal
for
taxes
0<nebav,
276,752
1,659,327
844,684
1,367,058
58,702,874
37,312,982
— _——
V.
commitments
For
on
sion
& general reconver¬
re-establishment of automobile bus.
&
Capital
stock
Capital
liability
;
,
Earned
(par
———
—:
—-
surplus
——
—
—
investment
the
such
$418,833
was
notice
f.noi^ft
o'"
total
the
: st
to
a
of
28,000,000
of
ne'd
a
is
Inc.,
and
sold
has
5.
Aug.
the
Division
of
its
3
of
31,
the
with
and
1939 Dodge
daffo has
to
has
built
been
of
owner
listing
the
S.
not
substantial
a
159,
shares
record
June
declared
15
of
Aug.
25.
last.
In
A
1943,
Sept.
and
30
a
outstanding
30,
of
majority
the
37,229,640
sales
of
Dec.
and
8,
7,480,200
3,645,400
2,301,300
5,032,300
2,244,100
11,430,836
23,640,476
22,972,120
17,519,100
400,607
17,537,324
t2,573
34,789,765
1,062,171
35,740,327
430,118
17,919,707
17,599,897
6,585,468
6,513,929
35,851,936
13,210,666
36,170,445
12,954.526
11,334,239
11,085,968
$0.89
$0.87
22,641,270
$1.78
23,215,919
$1.74
deprec.
of
:
and
income
Gross
stock
income
Deductions
Consolidated net
per
Giving
first
deferred,
subject
to U. S.
six
ended
1943
trucks
has been
Gross
S.
received
when
of
1943,
increase of 9.6%.
an
Total electric revenues
of
a
therms were 161,508,384 in the first six
1944 compared with 162,315,591 in the corresponding period
decrease of 0.5%.
Total gas revenues increased 1.5%.
in
gas
Electricity output of the Commonwealth Edison group of companies,
other electric utilities, for the week ended Aug. 12
a
2.6% increase over the corresponding period of 1943.
Fol¬
14,724,671
41,879
showed
lowing
the
are
centage
kwh.
comparisons
output
with
totals
last
of
past
the
—
$457,000
and
in
of
1944)
Net
income
$400,000
in
1943
•
Balance
'S''
rJ
:
1
r
a h
,r.1
1
Jan.
—
-
$8,866,773
12
190,148,000
185,414,000
2.6
5
190,280,000
181,953,000
4.6
186,966,000
180,367,000
3.7
185,662,000
178,991,000
3.7
500,000
$3,103,324
18,615,236
.
22
160,
5,355,000
525,000
5,650,000
.
$2,986,773:;
17,973,802
paid
preferred ;stock
on
paid
Dividends
on
due
Dec.
1955,
1,
1944.—V.
1,
interest payment of 1 Vs%
semi-annual
was
159,
p.
paid
2191.
surplus
pei
the 3%
on
income notes
"
Cleveland Graphite Co.—Earnings—
sales
tEstimated profit
♦On
321,920
all
iAfter
Federal
per
taxes
share
622.
p.
Coniaurum Mines, Ltd.—Earnings—
1944
Quarter Ended June 30—
Tons
Net
from
metals
produced
dividends
for
renegotiation of contracts,
gencies.—V. 159, p. 2192.
on
the preferred stock
setting
after
estimated
up
rehabilitation
post-war
and
contin¬
equipment
goodwill,
sales
expenses—
Depreciation
Balance
Other
Other
•'* Profit
113,694
176,334
317,686
207,897
706,352
1,445,394
428,047
$173,233
$437,252
$881,147
I •844,865
from
618,171
842,118
$1,018,038
$1,469,984
$1,499,318
$1,749,311
san¬
Colonial
royalty
profit
for
Prov.
——
increase
Net
Earnings
♦After
U. S.
118,895
118,895
118,895
677,844
677,844
847,305
847,305
$221,359
$673,245
$533,118
$583,111
677,844
677,844
677,844
677,844
$1.32
dividends
$1.99
$2.03
$2.11
.___
of
com.
per
stock-
share.:
deducting
$1,549,311
$1,469,984
dividends——
Surplus
Shares
to
200,000
$1,499,318
$1,018,098
118,895
profit
Common
and
expenses
Government,
estimated
$600,000
be
to
notes—tax
refundable
in
banks
Sheet,
June 30,
hand,
$5,379,475;
on
U.
Treasury
$2,500,000; Canadian Government bonds—
$11,544,620;
equipment
(less
Liabilities—Accounts payable,
$717,993;
salaries,
wages,
commis¬
sions, royalties, etc., $648,717; dividend payable on preferred stock,
$59,448; estimated amount payable to U. S. Govt, under Public Law
768, $1,526,969; accrued taxes (est.), $3,409,711; due under contracts
relating to patents—not payable within one year, $200,000; notes
payable,
due
1945
to
1952.
payable $375,000 annually, $3,000,000;
for
stock,
c*nit*i
contingencies,
$3,397,000;
surnlus,
372.—V.
159, p.
common
$1,647,628;
Sept.
cents
per
160,
p.
621.
25 cents a share to 31(4 cents
■
Columbia Broadcasting System, Inc.
6 Mos. Ended:
from
income
sale
of
facilities,
(& Subs.)—Earns.
July 1,'44
July 3,'43
talent,
7%
$483,691;
stock
(677,844
earned
cum.
surplus,
2300.
fund preferred
par), $4,405,986;
sinking
shares,
no
$8,466,229,
revenues
Profit
—$77,608
5,672
"
—
$88,725
3,141
$91,860
$83,280
—
23,489
24,425
$59,790
$67,441
taxes
for
Capital
write-off—
before
expenditure
HO
——
allowance
Note—No
been
has
made
tor
depreciation.—V.
159,
p.
2078.
C.
of
L.
the
& Power Co.—Over 82% of Bonds
V, 7'
Campbell,
and
first
President,
refunding
7s
14 announced that
had been turned in
on'Aug.
of 1951
over
under
82%
the
company's purchase offer of 125%
which expires today,' Aug. 21,
1944.
Only $590,000 of the bonds remained outstanding.
Bonds left
outstanding after the expiration of the purchase offer will be re¬
deemed over a year or two by sinking fund calls.
Over $250,000 of
the
bonds
will
be
called
on
Nov.
1
of
this
year
at
103 %%.—•
V.
160,
622.
p.
$42,627,666 $35,288,315
commissions, record
and discounts
,.bperating expenses and cost of goods sold
"Selling, general and administrative expenses—
^'Provision for depreciation and amortization—
.
„
returns,
allowances
total, $27,963,-
Consolidated Edison Co. of New York, Inc.—Output—
The company on
'
10,687,851
13,465,174
17,339,367
4,468,678
542,052
4,968,892
463,086
Aug. 16 announced that System output of
(electricity generated and purchased)
kwh. for the
corresponding week of 1943, a decrease of 15.2%.
Local distribution
of electricity amounted to 157,600,000 kwh., compared with 193,700,000
kwh. for the corresponding week of last year, a decrease of 18.7%.—•
v.
160,
622.
p.
Electrip
Consolidated
&
Income
profits
Net
$$>274,493
less
miscell. deductions-
$2,204,499
$2,295,865
——
share— ______—
^'^-OOO
1,886,000
3,015,000
taxes———_————
income
per
61,255
taxes—_!—$6,505,865
_.n._—
1,195,000
taxes—
♦Excess
tEarnings
114,718
income,
before
Income
$5,213,244
;—-■—-—$6,391,147
profit-.
Gross
—
$1,34
,
refund of $332,900 in 1944 and $211,400 in
tCalculated upon the 1.717,0^6 shares
$2.50 par ygl^ftcfitock
standing as of July 1, 1944.—V. 160, p. 622.
v.-bnawi; •<
•Less
post-war
$1.28
1943.
out¬
Gas
Co.—Reorganization
Hearing Postponed to December—
The
SEC
postponed
has
from Aug.
22
plan for reorganization of the company
Holding Company Act.
to Dec. 18 a hearing on the
under the terms of the Utility
of the company, which
remaining 13 domestic
i. !
. v
Since filing a plan for compliance on June 23,
1943, Consolidated
has reported divestment of 17 subsidiaries and the reduction of its
outstanding debt securities from $31,433,500 to $22,233,500.
At the same time the SEC set Aug. 30 for a hearing on Consolidated's
proposed sale of Hoosier Gas Corp.'s common stock for $290,000 to
Dallas Rupe & Son, investment banking house.
The Commission
further extended to Aug. 1, 1945, the exemption
from provisions of the Holding Company Act of a Consolidated subsidiary, the Islands Gas & Electric Co. and six Islands' subsidiaries.
This is the fifth extension granted Islands because its holdings are
postponement was granted at the request
that it expects to dispose of five of its
The
stated
public utility subsidiaries by
outside
the United
States.
Approved—
and Exchange
Securities
The
sale
posed
than
the end of October.
1,500
Commission approved Aug. 9 the pro¬
to Porto Rico Gas & Coke
shares of Porto Rico's 6%
Co. during 1944 of not more
cumulative preferred stock at
$100 per share.
Consolidated
»
will
the
use
proceeds
for the
retirement of Southern Cities Utilities
first lien collateral trust bonds, due 1938,
and
Miscellaneous
electricity
for the week ended Aug. 13, 1944,
amounting to 169,100,000 kwh., compared with 199,500,000
Sale
reserves
7
reserve
25
Time
S,
miscellaneous assets, $57,764; property,
for depreciation of $6,531,642),
$3,496,347; deferred charges to operations, $410,897; goodwill, patents,
trademarks, etc., $1; total, $27,963,372.
.
/ ■,
V\"
and
accounts
$527,920;
Common Dividend—
lines, records, etc.discount and agency
1944
Balance
and
series C—at cost,
inventories,
plant
subsidiaries,
cents
qurrent dividend from
share."—V.
Gross
(market value, $292,656), $292,500; accounts receivablie, $4,281,-
at cost
769;
a
also income taxes of $605,517 and excess profits
Consolidated
Assets—Cash
foreign
Inc.—Increases
payable
with
the
increase
(less U. S. debt retirement credit of $67,415), $606,732.
taxes
of
loans
31V4
of
stock,
compares
_
Preferred
for depreciation of $18,499,296), $17,389,724;
trade-marks, etc., $1, total, $92,761,653.
reserve
Stores,
dividend
common
tax
possible
v
—
Connecticut Light
per
share has been declared on the
1 to holders of record Aug. 20. This
share previously paid each quarter.
H. C. Phelan, President, said the company had consistently followed
a
conservative policy of declaring reasonable dividends to its common
stockholders, but in the face of progressively improving earnings over
the past several years, materially in excess of dividend declarations,
an increased distribution had been under consideration
for some time.
"Accordingly," Mr. Phelan stated, "at the August meeting, following
a
recommendation of the executive committee,
the board voted to
A
""
Total
revenue
Purchased—
>.■
$907,193
1,032,732
exc.
—
income
forizing
49,349
$1,652,926
tax
Total
Provision
1944
Subsidiaries)
and
prior
years, $12,747,992; premium coupon redemption,, self-insurance, foreign
staff-leaving indemnities and foreign inventory replacement, $4,404,182;
reserve
for cost of past service benefits under Employees Retirement
Income Plan, $1,776,049;
amounts owing to subsidiaries not consoli¬
dated, $293,525; net income of Western Hemisphere subsidiaries and
branches deferred, subect to U. S. taxes on income
when received,
$3,521,494; reserve for contingencies, includ. possible loss on foreign
investments,
$3,667,993;
minority
interest
in; a. foreign subsidiary
(after
elimination
of
goodwill),
$1,688,519;
$4.25 preferred stock
(125,000 shares, no par), $12,500,000; common stock (1,999,970 shares
no
par;, $24,999,625; Treasury com. stock
(37,163 shares), Dr$464,537;
earned surplus, $20,962,196; total, $92,761,653.—V. 160, p. 220.
$1,603,577
58,422
$2,502,875
charges
Non-operating
$3,521,138;
provision for current coupon redemption
other accruals, $2,615,557; provision for taxes for current and
1941
$1,265,668
122,064
$494,825
Federal income and
Net
'
$2,444,453
53,561
57,314
income
profits
$1,212,107
$437,511
——
income
Total
1942
*
costs
;■■/
payable,
$15,629,245 $18,550,392 $17,967,517 $13,129,288
15,360,013
11,403,325
17,116,909
14,973,461
163,051
122.386
221,375
218,273
_
and
1943
1944
6 Mos. End. June 30—
Costs
(less
patents,
Liabilities—Bank
Cluett, Peabody & Co., Inc. (& Subs.)—Earnings—
Net
Balance Sheet—June 80,
$12,235,360; U. S. Treasury tax notes, at cost, $8,000,000;
marketable securities,
at cost
(market value—$6,181,354),
$6,180,234;
notes and accounts receivable,
less reserve, $13,437,366;
inventories,
$30,272,089;
prepaid
expenses
and
deferred
charges,
$907,166; investments and advances, $4,339,713; property, plant and
reserves
26,550
$289,025
200,300
surplus.
Consolidated
and
operating
and
profit UL——__—
Operating
Assets—Cash,
and
effect
Development
1943
;
24,440
$264,945
187,337
milled
ore
income
surplus at June 30,
(Company and Western Hemisphere
shares.
including
in
now
earned
•$2.20
•$2.92
share
common
common
charges,
from
1944
1943
$30,995,527 $21,631,462
6 Months Ended June 30—
Net
$20,962,196 $20,204,211
$1.45
$1.39
30____
June
common
*
1944, is stated after the de¬
duction, for statement purposes, of $2,718,218, representing goodwill
arising mainly from the acquisition in prior years of capital stock
of subsidiary companies, including those not consolidated herein.
Of
this amount, $1,772,942 has been offset against capital surplus, thereby
eliminating this account; the remainder of $945,276 has been deducted
Aug., 2, 1944, to holders of record Aug.
on
stock
common
Note—Consolidated
The
_____—
:•'/
Balance
Earn,
Citizens Utilities Co.—Interest Payment—
$21,718,560 $20,960,575
1265,636
,
265,636
y,
490,728
490,728
!
surplus
Dividends
-•
'
^
per¬
% Incr.
1943
29
—V.
_____
,
•li
-
and
weesk
1944
July
Aug.
July
_1
surplus
$9,253,324
and
—
.
716,411
494,262
(after
taxes
profits
excess
credit
Foreign taxes
220.
f,tw*
-*\%
four
year:
Week Ended—
,
on
i_—
profit
income
Total
160, p.
was
Aug.
income
& V"
turned out.—-V.
1S43,
excluding sales to
43,194,016
17,329,832
46,203
forces
Throughout 1944 production has continued to meet military require¬
ments, while at the same time a limited number of new commercial
June 30,
6.5%.
"
and the Allied Nations.
adjustments,
of
sales
1943,
.
taxes
months
12
tax
Weekly Output—
1944
Minority int. in net inc. of a consol. for. sub._
Net income of Western Hemisphere subs,
and
the
for
Federal
retroactive
$1.7'3 per share.
electricity in kilowatthours were 5,255,291,662 in the
months of
1944 compared with 4,795,049,889 in the corre¬
increased
of
to
or
sales
sponding period of
$1.50.
effect
income
net
$21,984,919,
Total
inc._
sh
com.
appropriate
consolidated
52,030,810
—
—
22,433,542
13,971,331
Net operating income.
$79,154,491 $67,543,750
_
23,124,036
14,650,300
11,369,619
7,520,400
r
12,165,002
Hemisphere Subsidiaries)
—
1
intang.
Total
sales
branches
11,865,064
profits taxes,
for
Other
similar distribution was made on
the following dividends were paid:
each;
1944
1944—12 Mos.—1943
185,185,661 175,633.005
35,435,278
74,658,075
69,316,661
10,290,709
4,371,245
8,954,864
89,925,702
misc.
income taxes—
write-down
2077.
p.
energy
(& Subs.)—Earnings—
5,308,612
and
post-war credit—:
Prov.
dividend of 50 cents per share
stock, payable Sept. 1
cents
Co.
95,253,218
taxes—
less
of all of
common
50
electric
of
1944--6 Mos.—1943
6
.
Fed. excess
(no par) upon
acquisition
'/Six Months Ended June 30—
Net
Division.
armed
of
& Stove Co.—50-Cent Dividend—
Aug.
June 3,
and
post-war
the U.
for
340,000
"»!
revenues
local
Earns,
(Including Western
consistent producer of Army trucks
a
than
more
State,
1944, the directors authorized the company
'
Since
Operating
months
a
by F. J. Lamborn, Vice-President and General Manager of the
surplus.—
Edison
Period End. June 30—
Colgate-Palmolive-Peet Co.—Earnings—
corporation is more than 1,000 Army
schedules, it was revealed on Aug. 11
this
of
production
the
earned
amount
carrying
160, p. 621.
on
100,000
holders
to
♦U.
ahead
The
of 24
directors
the
March
Dodge Division Ahead of Schedule—
Dodge
to
in
investment
its
authorized
Operating expenses—less net misc. credits—
The
an
Commonwealth
stock of La Sa"e Securities, Inc. (Del.), making
shares
of
stock, listed and applied for, not
Coleman Lamp
The
on
dividend of 75 cents per share
on
the common stock, par $5, payable Sept. 14 to holders of record
Aug. 21.
A similar distribution was made on March 14%nd June 14,
this year, and in each quarter during 1943.-
trucks
1943,
■
corporations located in the Middle West, which now
have for some time been engaged in bottling and distributing
group
"Coca-Cola."—V.
Declares 75-Cent Dividend—
!
in
Listing of Additional
—
connection
in
Corp.—Weekly Output—
of subsidiaries
conditions of
amounted to
with 241,090,597 for the corresponding week
increase of 7,957,467 or 3.30%.—V. 160, p. 622.
output
adjusted to show general business
for
the week ended Aug.
10,
1944,
corporation
served
249,048,064 as compared
120,000 shares of common stock in exchange for
outstanding capital stcck of La Salle Securities, Inc.
La Salle
Securities,
Cost
10 declared
this
territory
period.
1943
subsidiary.
in excess of
credited
was
Exchange
issuance
capnai
number
5,155,900
1943.
Aug.
of
Southern
kilowatt hour
weekly
Fed.
Stock
of
rneecmg
3,604,150
—V.
on
The
issue not exceeding
1944, and $19,924.882 at Dec. 31, 1943, to be used exclusively on Government con¬
tracts.
tlncluding billings for costs and fees on cost-plus-fixed-fee con¬
tracts, less reserves of $102,034 at June 20, 1944.
tLess reserves of
$8,144,856 at June 30, 1944.
^Including estimated post-war refunds of
Federal excess profits tax, less reserves of $286,152 at June 30, 1S44.
HAfter deducting depreciation of $53,828,812 in 1944 and $51,143,559 in
directors
Commonwealth &
.exceeding 4,120,000 shares.
•Including special deposits of $34,599,294 at June 30,
The
equipment),
share of net profit of sub¬
amounted to $245,401 for
company
amount
Payment
Operation
«Ke
437,929,117 418,486,999
—
1, next, $200,000
3(4% bonds due Sept. 1, 1970, at
will be made at the City Bank Farmers
mortgage
Co., trustee, 22 William St., New York, N. Y.—V. 158, p. 2250.
interest.
up,
Co.—Acquisition
York
New
March
Total
first
Trust
Federal
The
1,775,436
1,605,666
3,333,104
3,333,203
21,755,660 21,755,660
25,958,106 25,958,106
146,392.425 140,245,977
—
outstanding
and
Common Stock—
■.
34,000,000
has called for redemption as of Sept.
company
its
Maintenance
are
———
$5)
surplus
tAfter
profits taxes amounting
and
unconsolidated
an
$692,951"
160, p. 220.
5,165,321
_
The
of
depreciation,
and depletion
depreciation
and $210,946 in
1944,
period
Co.,
and
Coca-Cola
plant rehabilitation
Custodianship
Contingencies
1944
the
for
3,602,937
—______—
-
6.
p.
Columbus & Southern Ohio Electric Co.—Bonds Called
provisions for
timber
proportionate
not taken
June 30,
&
thereof
all of the
operating
Loss
the
Norton
amount
Reserves:
General
was
security transactions but before
consolidated,
ended
During
received
96,600,729
77,898,980
42,125,188
war
income—est—
on
and
estate,
real
of
Company's
not
official
and taxes
materials
insurance
contracts
on
received
^exceeding 120,000 additional shares of common stock
73,98^,881
rolls*-
pay
subsidiaries.———
with
Accrued
(2)
2,325,538
•
'
160,
10
-
•
$1,166,720
of security transactions).:—
on
sales
months
2,335,958
437,929,117 418,486,999
.
-
payable and
Accounts
three
—
—
—
Accounts
etc.—
rent,
taxes,
insurance,
Total
.
&
will
Good
Crl,863
long-term debt and
amortization
(except cost
to
Notes—(1)
sidiaries
wholly-owned
invests.
(est.373,200
deducting estimated post-war refund of excess
to $3,400 in 1944 and $6,350 in 1943.
83,991,979
_
in.
miscel. accounts
____
Exp. advs. & curr. accts.—officers & empls.—
Invests, in partially-owned domestic subs
1iProperty, plant & equipment
——
SSundry
and
55,571,967
84,208,446
foreign subsids.
and England)—at cost__—
2,335,958
not used in operations!____—2,324,992
contracts
facilities
and
tlnventories
422,598
amort—!—
income
on
dividends
dep'etion
180,135
^
cost-plus-fixed-fee
on
of
interest
applicable
" r-C 131,426
costs
Investments
85,262,035
•Exclusive
deducting
wholly-owned foreign
subsidiaries
Unbilled
deprec., deplet. and
Net profit (excl.
1,732,495
97,932,678
_—
from
receivable
Accounts
46,499
3)2,277
233,600
stock,
common
similar distribution
Corp.—50-Cent Common Dividend
declared a dividend of 50 cents per share
payable Sept. 22 to holders of record Sept. 7.
made on Sept. 22, last year, and on Dec. 4,
Aug.
on
106%
25,000,000
thereof
employees & cash on deposit for pur.
receivable
fAccounts
$1,287,328
debt——_
tProv. for Federal taxes
to
sale
for
Savings
War
States
1,500,000
certificates
Bonds
Treasury
States
United
$2,016,461
the
on
A
142,123,182 105,113,828
-
United
205,944
Adjustment of prior years provision
;''r''•
.
$1,081,384
252,440
.
__—_______
long-term
on
for
Prov.
v.-r-"' ^;;;;:'June 30,*44 Dec. 31,*43
•"
$1,764,021
_1_„—_L__
—j
directors
1942.—V.
Total
S. Subsidiaries)
all wholly-owned U.
(Including
Assets—
received
The
i,
.
Sheet";;;,
Interest
'y
1943
55,805
——1—^
income
Dividends
'
.
Columbia Pictures
1944
3 Months Ended June 30—
to be within the range of profits which were approved in
the agreement for 1942.
Renegotiation proceedings for the year 1943
Act
725
Cleveland-Cliffs Iron Co. (& Subs.)—Earnings—
recapturo by the United States Government of any
Profits on transactions subject to the
and
profits found
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
160
dated.—V.
160,
p.
Consolidated Retail Stores,
sales—
Net
Inc.—Earnings-
profit-.
-V.
after
_
-—--——■——
taxes—
160, p. 622.
1^44
—^,980,533
—
Provision for income and excess
Net
market purchase
221.
six Mos. End. June 30—
Net
open
Co.'s series A 30-year 5%
and assumed by Consoli¬
profits taxes—.
1,538,649
1943
$9,367,783
1,596,192
1,153,987
1,197,144
$384,662
$399,048
The
acquiring
entire
the
of
stock
Co., Inc.—Cost
Machinery Co,
Can
Cameron
the
and 221.
533
pp.
has
company
Dennison Manufacturing
of Acquisition—
informed the SEC that it paid $4,000,000 in
outstanding 60,000 shares of $10 par capital
! Continental Can
Sales
—V.
Continental-Diamond Fibre Co.—Earnings—
to
210,Mb
ib
$6,489,618
customers,
Sale#
to
foreign
Total sales
depreciation———
administrative and general expenses—
Selling,
profit-——-—'
Gross
Other
(net)—
income
Total
Provision
taxes on income
for Federal
♦Provision
income
Net
Earn,
v
Mos.—J?43
$30,485,143 $62,643,440 $56,811,868
$32,224,413
inc.
Gross oper.
•Taxes
22,237,078
10,687
taxes
369,954
332,947
'
Net
1,690,450
profit
Operating
devel.
Intangible
Depletion
costs.
$163,467
$115,753
501,487
422,352
338,446
$585,819
$454,199
$153,670
278,493
108,229
Deprec. and retirements
Net
income.
oper.
.L_.
per
Cash
U.
hand
on
inventories,
and
112,500
.
75,000
$379,199;
17, 1944
fixed
solidated
585,686
109,966
58,757
9,163
703,994
123,258
•
$3,438,140
37,676
$3,729,781
17,410
$6,907,298
54,735
for
Outside
Profit
—
income—
from
of
sale
on
cer-
'
.
*>
deposit with trustee for bonds
Miscellaneous
Plant,
post-war contingencies
Minority interest—
•
to
accrued
Shares
of
300,000
•
47
$3,400,424
corp..,
$3,522,483
$6,607,250
$0.72
•
collected
in
amount
$6,857,965
4,632,561
$1.46'
$1.41
also Federal
and gasoline
'Includes
The
.
4,682,561
4,682,561
$0.75
4,682,561
_
share
per
provision for estimated State income taxes,
Income and excess profits taxes.
Federal and State ail
excise taxes are not included in operating charges and
•
600,000
891
stock
com.
outstanding
Earnings
600,000
1,117
the amounts
respect thereto are not included in gross operating
of such taxes paid (or accrued) during the six
income.;
months'
.'Liabilities—
Accounts
Other
Operating
the
stock
S.
$3,650,404
1,432,089
18,000
12,000
$1,494,010
$1,816,710
$0.79
$0.77
$0.93
41,748
510,043
*
54,349
"
908*187
657,955
'
._
book
an
$450,480
tinue
director
a
the
of
the company since 1930, has
directors, succeeding F. B.
of
board
director
a
and
serve
4n
executive
an
will
con¬
Acquisition—
corporation
dividend
The
Curtis Publishing Co. (&
the
Subs.)—Earnings—
;
6 Months Ended June 30—
1944
1943
1942
'
been
taxes
come
4.787.485
Reserve
for
Reserve
for
Reserve
for Federal
Net
3,272,822
238,333
tax—
1,007,250
1,140,500
72,000
taxes.—
159,576
110,097
8,403
profits tax
1,755,000
—
Federal
State
income
income
exc.
earnings
—V. 160,
$1,865,659
$2,022,225
$157,930
be
$46.15
The
directors
the
on
$2
holders
May
Oct.
record
and
June
30,
10
non-cumulative
of
5
Aug.
on
Sept.
30,
1943.—V.
class
15.
last,
159,
declared
p,
A
A
and
a
dividend
stock,
on
$1,
par
similar
of
50
cents
payable Sept.
distribution
March
31,
per
30
made
was
June 30,
share
Aug.
31
to
on
and
2517.
&
Sales
,
are
Co.—Earnings—
the
declaration
of
200%
a
declared
a
dividend
cash
of
20
cents
a
Other
has
500,000
authorized
and
Cushman's Sons,
Inc.—Earnings—
profit
,
per
•After
36,419
$8 pref. shr.
dividend
shares of
mulations
amounted
second
to
$310,632
$1.99
$6.69
$1.47
requirements
$8
$102,610
$7
on
preferred
$64
a
share
first
on
on
preferred
which
July
1,
unpaid
$333,724
$7.42
and
based
dividend
89,790,495
and
dividend
U.
U.
-
taxes
income
for
compared
V. 160, p.
the
before
23
with
provision
weeks
ended
$687,912
for
117.
for
July
the
Federal
last.
15,
income
1944,
amounted
corresponding
excess
to
period
profits
$804,501
of
1943
as
—•
152,332*
26,288,467
31,684.348
S.
and
for
due
to
Profit
inven. losses
wartime operations
10,600,000
share
1,600,000
stock
common
on
1,600,000
9,224,506
—
8,532,590
$3.66
^
$3.38
renegotiation agreement entered into
with the United States Government covering the year 1943 did
not
materially affect the net profit. tDepreciation and amortization charged
to operations—$6,268,370 in 1944 and $6,003,057 in 1943.
:»
F.
W.
to
*/
is
United
the
high levels.
very
for
President,
state:-;
photographic
-i
materials
apparatus and equip¬
-
.
civilian use continue to be rationed and it
supplies will be available for the gen¬
that increased
expected
eral market
of
Government
forces of special military
at
continued
have
States
the armed
Photographic goods
not
The
Chairman, and T. J. Hargrave,
Lovejoy,
Sales
and sales to
ment
published.
5,372,747
adjusts,
'.~i
*
•As -originally
other
&
poss.
per
5,850,974
15,000,000
taxes___
tax, less post-war credit.—
Net profit
,
183,130
26,105,337
(est.):
income
foreign
profs,
exc.
8,868
^
in
immediate
the
future,
an
agreement with the War Department
Board with respect to all its renegotiable business
for the year 1943, under which agreement a refund will be made of'
approximately the amount provided for in the reserves set up by the
company in 1943 for that purpose.
Adequate reserves have been set
has
Company
Price
completed
Adjustment
any
of earnings of the first six periods of this year to provide for:
anticipated refund on the company's current business subject to
'
-
,
.'
.
-
The amount of $1,600,000 has been set aside out
.
..
of earnings for pos¬
sible inventory losses and other
adjustments due to wartime operations.Such losses will undoubtedly occur at the termination of hostilities,
and the board of directors feels that the company should have adequate
reserves for emergencies
resulting from the war.
No part of this re¬
serve has been deducted
from earnings in arriving at the liability for
normal and excess profits taxes.—V. 160, p. 624.
on
Services Inc.—Weekly Input—
Ebasco
the week ended
For
ating
of
companies
American
week
&
Power
&
Power
during
1943
Aug.
1944, the System Inputs of client oper¬
10,
Ebasco Services Inc., which are subsiidaries of
Light Co., Electric Power
& Light Corp.
and
Light Co., as compared with the corresponding
were
follows:
as
Thousands of Kilowatt-Hours
seek
it
should
it
feels
Primary
serve
attention,
north-south
he
added,
traffic
will
be
the
in
given
western
to
,
Kansas
Cleveland
City
to
and
Memphis;
Louisville
to- Columbia
Knoxville
via
and
-Increase1944
1943
Amount
Pet.
194.464
189,962
4,502
106,949
103,999
2,950
2.8
98,243
100,276
♦2,033
•2.0
2.4
the
international
consideration"
the
field,
following
Captain Rickenbacker listed 'for "first
applications for routes in the western
•
.
.
Boston, New
Aires
points
the
via
the
to
Rio
heart
of
York
and
Caribbean
de
Janeiro
South
Washington
and
and
the
via
'
•
Rio
heart
Buenos
America—also
to
of
Aires
the
de
South
via
Canal
'
•
Janeiro
■
America;
the
Buenos
New
include
the
system
p.
inputs
of
any
624.
•
;■
Edison Brothers Stores, Inc.—Earnings—
Net
Net
Net
for
-
dividends
dividends
paid
paid
1,904,604
1,020,000
Federal taxes
$20,828,786
1,505,845
taxes
profit
Common
1943:
1944
$21,948,487
sales
profit before Federal
l,410,0(Jb
$485,845
75,000
153,912
$494,604
75.0CO
153,912
Florida
Caribbean
Zone;
not
both periods.—V. 160,
6 Months Ended June 30—
Preferred
■
and
do
••
•
Provision
Pittsburgh to New York.
In
'■
'•
these
Pittsburgh via Columbia to Miami; Chicago
Norfolk; Chicago to Twin Cities; New Orleans to Miami via Tampa;
Detroit,
hemisphere:
and
148,415
—
income
S.
Prov.
of
'
Net
31)109,221
25,852,872.
:—*.^, cs 426,712u,"
283,263
up out
proposed routes:
on
accu¬
)'
113,067,043'
.
to
$82,263
$
115,643,367
.
hemisphere.
—
chgs.
and Federal taxes.
♦Earn,
28 Weeks Ended
July 15,'44 July 17,'43 July 15,'44 July 17,'43
after
"r
■
98,956,618
after the war to fly to Europe and
Asia
over
the
North
Atlantic, Capt. Eddie Rickenbacker,
President
and General Manager of the line, disclosed, but will concentrate its
Operating Subs, of—
Am. Power & Light Co.
expansion program within Central and South America.
Elec. Pwr. & Lgt. Corp.
Previously, the company had indicated at a pre-hearing conference
of the Civil Aeronautics Board that it would request a route to Europe. n^Natl. Pwr. & Lgt. Co.—
After more mature consideration of this matter," Captain Ricken-'
•Decrease.
backer wrote C. A. B. Chairman L. Welch Pogue, "we have concluded
Note—The above figures
not to file an application now for the North Atlantic route.""
companies not appearing in
The company has reached this decision, Captain Rickenbacker said,
because
—-12 Weeks Ended
Period—•
Net
■'.- V
130,065,839
expenses—
income
National
not
$
2,576,324
Provision for Income taxes
.
will
''! '
31,675,480
Eastern Air Lines, Inc.—Will Not Seek Atlantic Run—
company
"
■
142,264
which
shares of
-
Qther charges
the stock to be issued is $1,422,640^
which
is provided
for by transferring to capital the entire capital
surplus of $1,053,919 and $368,721 from earned surplus.—V. 155, p. 823.
value
par
'
■
1,790,543
^
Total
15 to holders of record Aug. 23.
outstanding.
aggregate
■'
128,275,296
•
'
:
■'
consolidated
not
sales
Interest
stock
The
share
Mexico,
fees—
Income'from
which will be the equivalent of 60 cents on the
Recent dividends of the present stock have
of 50 cents a share.
The latest cash dividend will
now
'
.
'
Divi¬
Stock
effect, will split up the stock three for one.
payable Aug. 23 to holders of record Aug. 16.
basis
company
,
,
—
subs,
to
Total
outstanding.
the
on
,' The
•
,
■
service
and
tCost of
compared to Internatlonal-
Chemicals, Inc.—200%
announced
has
also1
6, this year, and.
on Aug. 31, 1944. after
will amount, to $23.75 per
Arrears
1943.
Jun 10/44 *Jmr 12/43
'v
*
Net sales
for
in
payable Sept.
The
p. 623.
Curtiss-Wright Corp.—To Pay 50-Cent Dividend—
be
*
to holders of record Aug. 10. as
unpaid accrued cumulative dividends.
6 Periods Ended—
V.
shares,
now
The
'
will
directors
split-up
shares
Gross operating income—— $33,718,842 $30,221,373 $24,372,020
Earnings, before Fed. and State in-
which,
I
(a Trust)—$1.25 Dividend—
dividend just declared,
renegotiation.
The
'
^
,
.
wholly-owned subsidiary companies in U. S., Canada,
Cuba, Panama, ana South America)
(Incl.
'
dividend,
--
/'I1-
this issue on March
10 and Dec. 6,
to the
share.—V. 159. p. 637.
dend—New Stock To Receive Cash Dividend of 20 Cents
advisory
;.
,
share was declared on Aug. 4 on each share
disbursed on
was
March 31. Aug.
a
then outstanding,
of
Plastics
Durez
of
capacity.
Mr.]
Snyder has also been Chairman of the executive committee since July,
1942.—V. 159, p. 933.
yv;;
as
per
account of the
on
amount
giving effect
•
Jr.,
'
•
interest, payable Sept. 5
instalment
like
on
July, '43
$470,811
June, '44
of $1.25
of beneficial
'
Snyder,
'
,
call
value
,/
*
A dividend
July, '44
$450,495
1,613,804"
'
'
,
Eastern Sugar Associates
'"
A
<
s
,
2,437,764
:
$9,740,191-'$8,845,752
—•
~-V. 159, p. 2079.
24,000
$1,530,784
Total
-
$4,109,281
1,360,384.
,
Chairman
2,000,414
$3,308,927
•
P.
■
2,137,314-
.
who has resigned as Chairman.and President, but
249,720
surplus;.
1,119,439
54,721
585,984
18,000
69,095
150,000
289,640
2,130,082
Earned
.
.
elected
•
177,675
,
$0.71
335,000/shares
150,927
1,469,900
197,745
production—
will
307,524
-<
365,829
,
William
•'
2,482,688
•
Hufnagel,
V
surplus
,
been
:
$10)
(par
$356,684
3,357
1,417,650
150,000
1953
contingencies
prior pfd. stock (par $20):
5%
Government securities at cost,
International-Stacey's $8.17 per share, and working capital at May
$3,010,000; notes and accounts receivable (less reserve of $180,000),,
31, 1944 was $14.94 and $28.05 per share respectively. T
>$12,581,086; due from controlled companies on current account, $98,313;
The remainder of the proposed unissued stock,
147,000 shares, is
inventories of crude oil and refined products (at lower than market),,
for the purpose of future additional property acquisitions or working
$17,852,357; inventories—materials
and supplies, at or below cost,capital.
'
I;
$1,704,101; other current assets, $112,489; fund for post-war adjust¬
Dresser Industries companies include:
ments
Dresser Mfg. Co., Bradford,
and
contingencies, $1,500,000; notes receivable—not current,
Pa.; Clark Bros. Co., Inc., Olean, N. Y.; Bryant Heater Co., Cleveland,
$385,790; investments in and advances to controlled companies notOhio;
Pacific Pump Works, Huntington Park, * Calif,;
consolidated (net), $3,003,660; other investments and advances (net),'
Bovaird and
Seyfang Mfg. Co., Bradford, Pa.," Van. der Horst Corp. of America,
$5,783,027; property accounts (less reserves for depreciation, deple¬
Olean, N. Y. and Cleveland, O. (affiliate) and Dresser Mfg. Co., "Ltd.,'
tion, and intangible development costs of $156,835,807), $87,157,387;
i ;y.;r
unadjusted debits and sundry assets, $781,956; prepaid insurance, *' Toronto, Canada.
.'j.*
!
International-Stacey Corp. companies include: International-Stacey.
royalties, taxes, etc., $980,633; total, $148,925,946.
1
Corp., with plants in Columbus, Delaware and Marietta, Ohio; Inter¬
Liabilities—Notes payable to banks due within one year, $600,000;,
national Derrick & Equipment Co. of Texas, Beaumont,' Texas; Inter-,
accounts payable, $12,763,373; due to controlled companies on current
national Derrick and Equipment Co.. of California, Torrance, Calif.;;
account, $209,056; accrued liabilities, $142,652; accrued taxes, including
International
Derrick
and
Equipment Co. of Ohio,
Columbus, O.;
provision for estimated Federal income tax, $5,240,965; notes payable
Roots-Connersville Blower Corp., Connersville, ind. and Stacey Bros.to
banks,
$1,900,000;
purchase
obligations—not
current, $351,898;
Gas Construction Co., Cincinnati, O.—V. 160, p. 117.
deferred
credits,
$143,065;
minority
interests,
$1,211;
reserves
for
Insurance, annuities, and contingencies (including provision for post¬
Prevvrys, Limited, U.S.A., Inc.—5-Cent Dividend—
war
contingencies of $1,500,000), $3,250,389; capital stock (par $5)*
The directors recently announced
$23,692,967; capital surplus, $49,102,900; earned surplus since Dec. 31,.
the declaration of a dividend of
1932, $51,527,471; total, $148,925,946.—V. 159, p. 2633.
5 cents per share, payable Sept. 25 to stockholders of record Sept. 1.
>
An initial payment of like amount was made on April 25, this year.—
V. 159. p. 1249.
1
Crucible Steel Co. of America—New Chairman—
U.
$13,975,148;
1,
-
:X!
•'
.
Capital
V
each of the 103,000 shares to be
exchanged. Both figures are after renegotiation- reserves, v
v
j
On
the same
basis, Dresser 1943 earnings were $5.53 per share,'
1944
at June 30,
Balance Sheet
Consolidated
Condensed
Assets—Cash,
bonds due Dec.
for
Common
■
196,970
_______r_r_i
reserves
mortgage 5%
'
$349,060
623,350
i
taxes—
liabilities——
accrued
First
r-rT1-'i:"""''..
" V"■
$8,845,752
o
1941
"
company
Stacey's
5,236,932-
$9,740,191
—
payable
income
Federal
s
on
period of 1944 totaled $9,931,196 (1943, $9,184,272).
5,387,340
less reserves.
—
Eastman Kodak
^
40
-
19,075
$3,931,606
meeting of stockholders on Oct. 16, pre-,
paratory to acquiring the assets of International-Stacey Corp., of
Columbus, O., H. N. Mallon, President, announced on Aug. 15.
-.'4
Authorization will be sougnt to increase the shares of common stock
from 350,000 to 600,000, to fix a $1 par value on all shares and to'
change the company's name to Dresser Industries, Inc.
International-Stacey directors and stockholders already have ap-.
proved the sale of the company's properties and business and Dresser'
Manufacturing Co. directors have agreed to the purchase. The. Dres¬
ser stockholders'
approval would be the final step in the transaction..
Net
assets
of international-Stacey
Corp.i would be
acquired by
Dresser as of Nov. 1, 1944 for 103,000 of the proposed added shares.
Book value of Dresser stock was $30.05 per share at May 31, 1944
The
40,838
—
1942
Dresser Mfg. Co.—To Vote on
Cr427,616
etc
timberlands,
property and
Total
-
shares of common stock.-
222.
p.
investments,
___
117,052
$3,452,659
expend—
of—
160,
deferred charges
and
852,650
total, $2,853,482.
$1,387,270
taxes
'On the 1,946,668
—V.
._
1,123,765
31,997
operations-
logging
876,104'
976,410
1,086,645
111,742
23,945
70,476
pulpwood)
(except
and
*
'
848,702
—
on
-
for
Net
$7,066,685'
35,446
Victory Loan bonds
reserves)
•
_
1,137,940
income.
Month
$570,336
1943
♦Earnings per share—
107,019
22,174
(less
Prepaid items
•
Cr411,236
'
tain leaseholds
Prov.
notes—.
$2,943,098
cost
inc.
expl.
1943
$492,934
700,000
10,000
requirement)
sinking fund
Treasury
$3,095,001
income
Value of bullion
income
Total
Deducts,
1944
(less
S.
$2,721,973
373,028
income
and gen.
Reserved
$0.74
30
1944
Depreciation
■■
------
earned
Interest
Total
Oper.
Net
382,434
(net)
received
Dividends
;
$155,034'
$1.15
at June
Cash
Earnings—
produced
Non-operating
$6,248,165,
.
share
required to be deposited for retir, of bds.
(maturing
payable
104,000
167,000
Cash
accounts receivable,
(net), $434,136; other,
assets
charges, $30,903;
Dome Mines, Ltd.
-
-.'•'•v.'.';;.;
16,942
$259,034
$250,918
;
—
common
Inventories
deposit, $697,909;
on
$1,606,740;
deferred
$63,019;
6 Mos. End. June 30—
"
$6,134,780
307,796
37,003
9,395
;
taxes
income
—
Receivables
$473,319
75,000
$582,245
surplus at end of period—
Assets—Cash
Bullion
183,355
3,811,160
204,354
3,662,294
$3,279,427
$2,742,488
,
Equity in current year's
earnings of controlled
.companies
not
con.
350'344
89,262
1,945,132
—
■_
314,528
35,635
*
$417,918
(net)
Assets—
2,038
of period
Balance Sheet, June
2,643,270 ; 3,230,733,
1,845,111
leaseholds.
Surrendered
3,800,605
208,595
.
$7,312,639 $17,244,744 $13,882,813
1,648,574
6,719,937
3,053.163
$8,692,505
3,718,184
—
before
profit
Earn,
—
—
1943
$4,421,?30*
3,645,314
deductions
profit
Pulpwood
39,698,322
42.755.426
21,482,054
1,294,830
-
-———
1944
$4,422,790
_
shipping and general expenses
on
long-term debt—
Reserve
C0expen0seesr' ^
!.
$335,053
8,924
•Net
within one year), $50,000; ac¬
counts payable
(incl. liability for merchandise in transit of $76,887).;
$190,330; accrued taxes, $301,711; accrued expenses (rent, water, lights,
etc.), $13,250; reserve for current year's taxes, $412,043; notes payable ;
(maturing after one year), $275,000; capital stock ($1 part, $250,000;.,
paid in surplus, $778,903; earned surplus, $582,245; total, $2,853,482.
—V. 158, p. 669.
' *
.'V ■
•;
1944—3 Mos.—1943 -
period End. June 30—
—
sales...
Interest
Federal income
and
iLiabilities—Notes
Subs.)—Earnings-
Continental Oil Co. (&
,
2193.
$505,338
$657,245
Earned
assets,
The company has no
$3,183,000, of which $644,000 represented cash.
bank loans or bonded indebtedness.—V. 159, p.
$533,976
_____:
profits
excess
$20,775;
amounted to approximately
1944,
30,
of
Selling,
48,943
-
the
$286,091
56,112
charges
Dividends
Current Assets
June
at
assets
current
$449,227
85,779
to
Corp.—Earnings—
Dominion of Canada
the foregoing statement for the periods
ended June 30, 1944 and 1943 for the renegotiation of selling prices •under Government contracts or subcontracts on a basis comparable to
that used in the renegotiation agreement concluded for 1942.
Net
$448,197
Total
been made in
Provision has
1,151,146
—
Surplus for the period
Surplus adjustment
:
Earned surplus at begin,
$0.69
of $25,000.
post-war refund
1944,
♦Less for
'
*
160, p. 8.
Consolidated Balance Sheets
$312,957'
$0-38
i—
stocks—
and
bg3,uuu
$173,688
——
——
share on capital
per
sales
Net
5,871,800
1,242,479
...
—
for State
Prov.
684 000
3/5,000
—
6,848,739
1,434,609
Florida
coast of South America to Puerto Rico and
American points and the Canal Zone,
Provision for Federal income taxes
Income
$1,092,630
depreciation
for
7,671,765
expenses-
trading
Income
Total income
$1,050,516
—'V $645,805
—
13, '42
10,351
from
Income
Other
1>W ____I
—
income—
admin.
&
gen.
from
route
Central
to
Orleans
a
Six Months Ended June 30—
June 17. '44 June 19, '43 June
1
Havana;
Washington, Baltimore and other points in this country to Ottawa
Eastern
>
Surplus
of Income and Earned
circle
City;
Mexico
northern
to
New
Florida to the .Canal Zone via
intermediate points; New Orleans
via
Zone
Miscellaneous
561,90b
472,411
$644 263
—
Stores—Semi-Annual Report—
merchandise sold
of
Cost
Selling,
Zone
return;
and
Puerto Rico via
to
points
Florida to
Canal
Canal
Cost
4'sriqo6
sales, exclusive of
of
Cost
319,000
24 Weeks Ended—
faPrao
$6,194,642
less returns, allow., etc.--subsidiaries
Bales
310,000
Comparative Statement
Le
t
315,000
the
to
and Montreal.—V.
Dixie Home
$5,718,211
June 30—
•6 Mos. Ended
1941
$6,512,000
1249.
159, p.
companies)
domestic subsidiary
(Including wholly owned
1942
$8,398,000
320,000
—
Texas
Havana;
1943
$8,472,000
and
\
v.
and
Co. (& Subs.)—Earnings—
1944
$9,244,000
30—
profit after charges
taxes—J
Net
V. 160,
weeks ago.
some
6 Mos. End. June
Monday, August 21, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
726
and
Orleans
/ Balance
to
surplus
Earnings per common
share!—!
$256,933
$1.07
•.
$265,692
$1.09
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
Volume 160
/
~
»■
■i
Consolidated Balance Sheet Items, June 30
1944
accpic
assets
for
themostat-controlled electric
a
considerable
time
inside
plate
sure
through
the
iron.
safety base and retains the heat
Feltman & Curme Shoe Stores Co.—New
"sponge like" heat absorbing pres¬
micro heat control unit governs the
Charles H. Feltman, Vice President and Treasurer, has been elected
and Treasurer.
Roland D. Feltman has been named Vic©
./
President
.exact temperature required for any material being ironed and insures
safety even if left unattended while connected.—V. 159, p. 2634.
—
—
Pres., Etc.—
a
A
—
-
—
from
1943
$14,131,745 $12,701,621
Cash
' 3,578,007
3,072,301
*U. S. Government securities
1,648,268
1,128,395
Accounts receivable
327,298
3,328
Inventories on hand and in transit-.——.—;—
5,753,971'
5,599,725
Total current assets
11,310,617
9,806,822
Total
727
...
President.—V. 158, p. 1131.
———_—___
'
Liabilities—
'V
■
fund
$2,769,184
debentures
Reserve
for
Reserve
Capital surplus
5%
!____
______
148,388
60,000
384,781
(par $50) outstanding———
(par $2) outstanding
pfd. shares
shares
Common
360,000
4,451,333
148,388
60,000
384,781
'
President, in a circular letter dated Aug. 8 to the
preferred shares, said in substance:
described in the company's proxy statement,
•dated June 28, 1944, were approved at the special meeting of share¬
holders held July 26, 1944.
The amendment to the articles of incor¬
poration of the company creating the new 6% preferred shares has
.become effective and arrangements for the $1,400,000 mortgage loan
referred to in the proxy statement have been made.
The company is
therefore now in a position to make the two offers described in the
proxy statement, one relating to the exchange of 7% preferred shares
for new 67c
preferred shares, plus payment of $31.50 for each 1%
preferred share exchanged, and the other relating to the purchase by
the company of 7% preferred shares at $110 per share.
The company has
offered to issue one of its new 6% preferred
shares, par $100, together with payment of the sum of $31.50, in
exchange for each of the 22,200 of its 77c preferred shares, par $100,
•outstanding after the purchase by the company of the 12,600 77®
preferred shares referred to below.
All
against Federal tax liabilities: 1944,
tAs of Jan. 15, 1944, the company sold
$2,000,000
3Vt%
sinking fund debentures maturing Jan.
15, 1959.
The first annual sinking fund instalment of $58,000 due Jan. 14, 1945,
is included in current liabilities.—V. 160, p. 624. y v-'y
S.
*U.
Treasury
;
netted
notes
$1,505,600.
1943,
$2,105,790;
Paso Electric Co.
El
(Del.)—Earnings-
——
—
income
Federal
Other
taxes
.Interest
—
dividend
for
Balance
X
1944—12 Mos.—1943
1944—Month—1943
$3,552,502
$307,596
$300,090
$3,775,713
112,500
102,877
1,302,721
14,292
Operating revenues
Operation
179,460
157,998
-
1,230,711.
Depreciation——
24,095
15,672
24,256
286,655
290;943
Federal income taxes--..
59,254
59,689
810,199
688,026
31,001
31,107
368,634
364,849
$66,453
$66,488
$828,044
$819,975
190
Dr737
Z?r9,598
Pr24,409
Maintenance
■
.
'Other taxes ——Jl~!
:
>
Net
v
revenues
oper.
Other
income,
Interest
net
4,
Preferred
dividend
v.
•—V.
p.
1«>9,
21,794
259,262
261,955
$43,957
$559,184
$533,611
67,501
.U- 67,501
requirements—
2634.
$562,805
$565,974
1,987,716
24,933
35,886
301,373
97,179
87,879
131,734
1,200,801
1,828,958
$162,717
$2,762,648
-Maintenance
r
-Deprec.—prov, for retire.
•
*Taxes
Net
'
—
_
oper.
certificates for
sale,
or
revs
Other
A
income—.—.
Gross
Income
Pfd.
1,573,966
div.
f
i-'-i
or
care
'
1944
profit
Deprec. of ' plaint
and
equipment ——>
31,989
389,569
$2,272,758
$2,372,949
8,632
8,632
103,579
:«
::
i.—
$129,078
$2,169,179
$117,501
•V-' as
income tax,
surtax
and
excess
inc.
exc.
&
tax
1944—Month—1943
surtax
profits
$114,443
22,688
tax—
.
$91,006
1
Federal
taxes
Prop.
ret.
Net
Gross
Net
—V.
•
132,000
231,733
$52,970
$0.25
$118,790
$0.65
Plant,
pipe lines
properties,
Investment
fund
and
Cash
deposits
____
receivable
Notes
Accounts
_______
_.
and
1,336
786,188
supplies
income
ru'
-
—
_
cumulative
pfd. stock
stock
Common
Premium
on
($3
par).
Taxes
,
_______________
_
accrued
Reserve
for
—
_
_
depreciation—retirements...
Contributions
"Earned
_____
,
accrued
in
aid
surplus
of
3,497,212
of
Net
13,185,321
582,159
1,694,280
61,560
7,552,514
12,788,947
taxes
tNet
1,521,822
in
part
upon
6,246,172
8,317
Smelting Co.—Earnings—
21,508
1,518
$306,425
45,189
43,524
1,128
2,351
$276,127
...
for
before
.
2,893
$788,256
$605,786
210,000
578,256
140,000
465,786
Federal
60,000
75,600
216,127
231,425
income——
year-end
adjustments.
depreciation and
depletion and
$36,302,689 $33,464,535
160,
p.
distribution
A
117.
Sept.
V
Electric Auto-Lite Co.—Earnings—New Director—
6 Months Ended June 30—
;
Sales
_
_
Consolidated
Earnings
net
per
.
March
share
'
on
dends
were
for Federal
taxes on
$2.17
The
funded
Parker
on
debt
Aug.
Newhall,
was
3,
a
reduced
1944,
of
member
from
$6,800,000 to $5,000,000 by the
$1,800,000 of 2V*% debentures.
the law firm of Rathbone, Perry,»
of
Kelly & Drye, New York, has been elected
a
The directors
the
'
common
director.—V. 160. p. 117.
Aug. 7 declared a dividend of 25 cents per share
stock, par $20, payable Sept. 1 to holders of record
the stock split-up on the
$25
per
-was
basis of two
new
Corp.—Appointment—
William Vassar,
formerly with this corporation, has returned to it as
Israel, Vice-President in charge
and production.
Mr. Vassar for the last three years
with the Crosley Corp. in an executive engineering capacity
engineering
has been
;
Net
Net
Eureka Vacuum Cleaner Co.—Adds to Products—
has acquired the Cheraton Cordless Electric Iron and
will produce the iron as one of a group of new household products,
George T. Stevens, Vice-President, announced.
The company has also secured the tools, designs, patents, goodwill
and other rights connected with the iron which will be known as the
The company
„
Eureka
The
Cordless
new
profit
.
without
a
cord and draws its instant heat
T—-
taxes.—_
r
Assets—
.•Cash
on
accounts
Advances to
Claims
__
war
—
152,993
5,007,099
475,620
4,341,129
464,299
931,022
42,381
910,045
37,917
Inventories
Ifavestments
other
and
assets..
Property, plant and equipment
Deferred charges .——
•"Total.——
^
Liabilities—
"'.v •
(net)—.—
'
i.,-:
—
—
.
Federal taxes on income and -prov.
tiation—year
U.
8.
.
taxes
—
2,956,477
1,459,028
1
770,098
(491,543 shares, no par)---—-—
2,457,715
surplus —r——————2,038,401
taxes
------
Capital stock
Earned
.
1,105,140
2,457,715
1,583,286
$17,§tta,204 $13,689,089
$2,496,185 at Dec. 31, 1943, and *1,397,379 at June 30,
Total'——————
1944—restricted to use
on
$389,122
$0.03
9.
-!V
-
for
Trade
Monopoly—
violation
in
of
the
Sherman
Act."
«
Cleveland,
.
has announced a $330,000 increase
Co. to provide additional plant
Corporation
General
Electric
Ohio, bringing
p.
the company's total commit¬
430.
filed with the SEC a plan for divestment of
corporate structure and equitable distribution
reorganization trustees of Associated Gas &s
General Gas & Electric is a subsidiary, joined
the
plan public holders of class A and B
stock will receive
share in cash plus one-fifth of a share of Florida Power Corp.
& Electric trustee will share only in the distribu¬
a
Associated Gas
tion
as
holder of class A stock held for conversion of
interest bearing
allotment certificates.
Public
per
holders
of
General
Gas
$5
prior preferred will receive $100
share plus unpaid dividends at rate of 57®
date Of this plan, in cash or in shares of 5%
per annum to effective
preferred stock, $50 pdr
value, of South Carolina Electric & Gas Co. at par, at option of Gen¬
eral
Gas
&
Electric.
The
public
holders of
General
Gas
cumulative
preferred stock, $6, $7, and $8 dividend series, are to receive $100
share plus unpaid dividends at contract rates from Sept. 15, 1936.
to effective date of this plan, in cash or in 57® preferred stock, $50 par
value, af South Carolina Electric & Gas Co. at par, at option of Gen¬
eral Gas & Electric.—V, 160, p. 222.
,
per
•
-
General Motors Corp.
—
Production of New Pratt &
Whitney Aircraft Engine Announced—
Announcement
was
made
on
Aug. 3 by M.
~
-
E. Coyle, Vice-PresidenD
General Motors Corp., and General Manager oT the Chevrolet divi¬
sion, of production of the division's first 18-cylinder Pratt & Whitney
aircraft
engine.
Having built more than 46,000 14-cylinder Pratt &
aircraft engines in the past two years, Chevrolet, a major
producer, now enters the "big-engine", field.
Current production of the 14-cylinder job will be continued, said
Mr. Coyle, in pointing out that the company had maintained high
production levels on these types while handling a complex and involved
plant re-arrangement and re-tooling program in order to get produc¬
tion of the new model under way at the earliest possible date.
Seventeen plants of the Chevrolet manufacturing system are allied
in the Pratt & Whitney program, including units in Buffalo, N. Y.,
Indianapolis, Muncie,
and Anderson,
Indiana; Detroit, Bay City*
Saginaw and Flint, Michigan.—V. 160, p. 625.
Whitney
1,604,300
income
6,016,347
for renego¬
1943
on
$1,780,404
Treasury tax notes to be applied in pay¬
ment. of
$0.32
$1,220,156 in 1944 and $1,405,-
of
■
and accrued expenses..
1
$2,648,994
received on U. S. Govt, contracts—8,461,864
Accounts payable
Advances
$802,281
$0.29
*$843,562
$0.29
about $1,400,000.—V. 160,
The
$17,900,204 $13,689,089
—.
'44 June 26, '43 June 27, '42 June 28, '41
*$788,489
the application.
$1.65
$1.07
contr.
subcontractor.—
arising from termination, of
at
of
corporation has
simplification of
voting power.
The
Electric Corp., of which
526,540
$6,024,468
1,305,267
497,703
108,260
160, p. 9.
Capacity—
of
Comparative Balance Sheet
June30, '44 Dec. 31, '43
—;
$8,098,657
receivable—3,192,434
p.
parts
assets,
1943
——
and
•Notes
160,
Plant
contract
Under
553,424
$1.12
491,543 common shares.
*
Co.—Earnings—
June 24,
The
$16,452,053 $13,623,055
2,012,452
1,906,546
1,459,028
1,380,000
....
—
i-;
•Including
Iron.
iron is operated
—
-
income
Earnings per share
^
$0.29
J:':
.
General Gas & Electric Corp.—Simplification Plan—
payable
Co.—Earnings—
profit
Federal
.
declared,
1944
————-
Federal
AyA; y■;:■
v. 159, P. 1972.
In
been
A similar payment was
1943, the following divi¬
6 Months Ended June 30—
$20 par shares, for each
administrative assistant to Dorman D.
"of
20,
has
25.
in
par share, the company, also paid quarterly dividends of 25 cents
share, and, in addition, on Jan. 15, 1944, an extra of $1 per share
paid.—V. 159, p. 1759.
•/
'v
Emerson Radio & Phonograph
June
Aug.
last.
March 10, June 21 and Sept. 20, $1 each; and Dec.
on
Aug. 16.
JV similar distribution was made on this issue on June 1, last.
On the old $25 par Value shares of common stock outstanding prior
to
and
share
per
record
Federal Motor Truck
Ely & Walker Dry Goods Co.—25-Cent Dividend—
on
20
paid:
Sales
retirement
cents
50
Defense
the
ment to
20, 50 cents.—V. 159, p. 2079.
2,517,212
$2.10
1943
$0.36
••
Electric Co.—Sued
lamp
and
equipment
income but
adjustments
•
$70,223,396 $65,668,784
2,595,356
earnings
1943
1944
of
stockholders of
20 to
made
B
———
1943.—V.
The
in
50-Cent Dividend—
Total
-V.
1944
>$36,756,000 $28,668,000
2,649,000
2,114,000
$3.61
$2.89
Fed.
To Increase
'
provision
year-end
in
lamps
depreciation but before deducting depletion, Federal taxes on
tAfter
8,317
1944—6 Mos.—1943
1944—3 Mos.—1943
17,892
and
5,648,206
$0.80
The company was named Aug. 18 in a Federal Court suit at New¬
ark, N. J., charging attempted creation of a trade monopoly in manu¬
facture, distribution and sale of electric light bulbs and machinery
for manufacture of electric light bulbs and parts.
The suit, by Duro-Test Corp. of New York, and its subsidiary, Tung¬
sten Products Corp., which maintains plants at North Bergen, charged
that 907® of the lamps manufactured and sold in the United States
are
controlled by fhe defendant.
The complainant alleged
that General Electric Co., which main¬
tains plants in New Jersey, New York, Ohio, Missouri, Massachusetts
and California,
"has contracted, combined and conspired for eight
years to unreasonably restrain trade and commerce among the sev¬
eral States and with foreign nations in the manufacture and sale of
inven¬
estimated
taxes
General
concentrates
on
income
A
common
•Estimated Federal taxes amounted to
$1,856,066
$3.10
—
1,—
income
'-After
58,553
common
on
Earn, per share on com.
$27,456,066
25,600,000-
based
is
account
shipping prod¬
prod, by lessees.
Provision
410,824
6,436,843
construction
——
business, contingencies
after
income
income
$27,434,680/
21,386
profit——iu.———
Mining &
income
"Net
on
General Baking
of
uct.
$1,479,700
1,804,782
______
payable
Interest
—
$1,479,700
1,804,782
3,497,212
__
_______
stock
common
Long term debt
Accounts
(par $100).;
net
produced
Tons
Liabilities—
j
7%
■■
—
net. profit——
income
Federal
$36,302,689 $33,464,535
—
share
share
26 Weeks Ended—
———
—.—
Corp
Acceptance
Period End. June 30
Tons
Total
464,679
$1.20
328,685
—_
which is customarily received in December.—V.
1944
54,287,418
share—
per
Note—The
25,967
,
"'Rfofits on government contracts and subcontracts for both periods
all*"subject to possible adjustments through renegotiation.* The statemerit does not include any dividend from Winthrop Chemical Co.,
tories, Federal taxes and renegotiation.—V. 160, p. 625.
201,655
.
profits taxes.
^
————
•^fter charges and taxes.
33,793
220,940
25,967
—
Earnings
—
profit
•Earnings per
Earnings per
$81,722,098
income—;——
Municipal
Consolidated
~
304,171
20,240
debits
Reacquired securities
sales
•Net
'
; /
■■■';
—.——
Federal taxes, renegotiation of Govt,
823,014
353,077
__
Prepayments
Deferred
20,822
37,000
6,992
__
receivable
Materials
547,206
20,234
Treasury notes—tax series C.
Special
income
Consolidated
930,364
1,296,106
750,000
i——-
^
U. S.
1,111,770
—
287,796
$0.68
shares——
6 Months Ended June 30—
„
687
equipment.— $31,711,174 $30,539,207
and
accounts...
/
subsidiareis)
July 15, '44 July 10, '43 July 11, '42
$23,140,498 $22,700,871 $22,295,904
—
Net
—^
administrative
selling,
of
Balance
$2,328,57©
General Aniline & Film Corp.—Earnings—
.
Cr220
and general expense,
i——
TT—
sales,
less miscellaneous
Net
1943
1944
$2,475,828
,
Note—As of July 15, 1944, there were 71 stores in operation as com-"
pared with 74 last year.—V. 159, p. 1972.
•
206,000
$0.29
of
$256,498
excess
sales
Cost
•■
$6,606,588
4,278,012
j.
-
profit
Earnings per common
52,000
r
Net
235,150
2416.
28 Weeks Ended—
5 Fairbanks, Morse & Co. (& Subs.)—Earnings-
$1,141,880
3,967,282
283,558
v
income
•Net
Cr446
$0.27
com.
$6,443,110
$503,089
—;
(Including wholly-owned
*211,000
sh—„
per
$616,011
359,513
1,149
$219,531
income
p.
$6,597,510
9,078
$614,862
1,173
(net)_.
charges-
159,
$6,427,013
16,097
$501,916
revenues.
Sales
Cr790
>
$2,269,370
Comparative Consolidated Balance Sheet, June 30
-
175,000
approp.
income
Interest
profits taxes and contingencies (less estimated
post-war refund). : tAfter charges, mfg., selling, Admin, and idle plant
exp. and prov. for bad debts.
iBefore renegotiation of contracts.—
V. 259, p. 1759.
"■
'*■ >■ '■" • V:.
1944—12 MOS.—1943
Assets—
oper.
Other
•
-
86,837
—....
res.
$1,619,523 $21,564,967 $18,192,080
8,510,467
631,117
6,589,505
1,975,520
113,374
3,552,519
929,545
974,968
85,170
2,100,000
175,000
2,100,000
757,007
265,839
—_
taxes—...
Other
15,914
9,414
9,691
Crl,471
*
taxes——
$60,091
; * Includes
profits tax is
$1,233,353
15,446
1944—12 Mos.—1943
1944—Month—1943
$1,786,599
revenues
expenses
Food Fair.Stores, Inc.—Earnings—
1941
income Account for Six Months Ending June 80,
Period End. June 30—
Fed.
Operating
Operating
$186,484
9,372
(net)__—„
inc.
1942
$272,938
$55,567
follows:y'A;y;yA
Fed.
1943
'
income———
Earns,
i
-
Federa I
•Provision for
iNet
'i-
';
v
credits
Fed.
Est.
103,579
,
Bal. for com. divs. and
surplus
Misc.
452,431
$126,133
■
Florida Power & Light Co.—EarningsPeriod End. June 30—
•After charges and Federal income and excess
$274,991
$195,469
■
; 31,203
require.—
:
•
/
'
3 Mos. End. June 30—
$2,825,380
$2,662,326
$158,122
war
.
■v-;-7
15, N. Y.-
tOper.
69,610
: 85,093
.
its
The First National Bank, Boston, negotiated the loan agreement
through the Federal Reserve Bank of Boston, agent for the War Department of the United States, and is the clearing agent for the three
; banks sharing in the credit arrangement.
Harris Trust & Savings
Bank and Sears-Community State Bank, both of Chicago, are the other
two participating banks.—V. 160, p. 325.
preferred shares should be surrendered for
to The F'air, care of Continental Illinois
agent, 231 South La Salle St.,
of Guaranty Trust Co. of New York, agent, 140
Fairbanks Co. (& Subs.)—Earnings—
v
$2,809,897
Dr7,813
$137,710
deductions.....
stk.
Dr 2,764
'$168,912
income..—y_._
Net
1,831
34,463
}
the
tracts.
The. Guaranty Trust Co. of New York has been appointed co-transfer
M agent for 67® preferred stock.—V. 160, p. 429.
«•
-
92,509
11,975
income.———.
completed arrangements for a $5,000,000 revolving
credit which may be employed by the company
production contracts and to provide immediate
VT hank
finance
sent,
...»
'Explor. and deve). costs.
a small plant afc
chemical warfare
Vh
be
Broadway, New York
i
$7,887,760
2,100,661
256,380
1,146,855
$8,081,496
147,758
168,496
revenues.—
the
working capital in the event of the termination of any of these con•
7%
Chicago, HI.,
1944—12 Mos.—1943
1'25,772
Operating
The
-Earnings—
1944—Month—1943
Operation
to
National Bank & Trust Co., of Chicago,
El Paso Natural Gas Co. (& Subs.)Period End. June 30—
■
years
for
Florence Stove Co.—VT Credit—
The company has
at
exchange
."
.
purchase from
producing war materials
the Army.—-y. 160, p. 430.
of
.
$45,060
.,
—
offers to
Calif.,
regulation
'
A 21,584
amortization
&
Balance
branch
holders of its out¬
of such
thereof),
thereon.
tendered
'by the holders thereof for sale to the company, the 12,600 shares to
be purchased will be selected ratably in accordance with the number
-of
shares- tendered
for
sale by .the
shareholders, respectively, the
company reserving the right, however, to make such .adjustments as
may be necessary to avoid the purchase of fractions of one share.
All tenders of 7'/®
preferred shares for exchange for 6 7c preferred
shares or for sale to the company shall be subject to acceptance by
the company at Chicago, 111., and to the final consummation by the
.company of the mortgage loan above referred' to.
*
Each of the above offers will expire at the close of business Sept.
.15, 1944. As soon as practicable, certificates for the new 6% preferred
shares,'checks for the amounts payable in connection with the exchange
'of 77c preferred shares for 67® preferred shares, checks for the pur¬
chase of 77c
preferred shares tendered for sale to the company and A
■purchased by it, and new certificates for any excess of 7% preferred
shares represented by surrendered certificates over the numher of shares
exchanged or sold, will be mailed to the shareholders entitled thereto. also
!
The company has operated for the past two
Modesto,
,
*
I :
duction after the war.
■■:■■.
preferred shares, par $100 per share, 12,600
the price of $110 per share (the redemption price
!but without payment of any dividends accrued and unpaid
In the event that more than 12,600 7%
preferred shares are
(Texas)—Earnings—
Period End. May 31—
r
'
77c
proposals
company
shares
160, p. 222.
El Paso Electric Co.
the
the
standing
$255,129
.
Suyker,
of
of
The
:
111,425
$230,708
stock.
13
,
111,425
requirements-
common
is
$366,554
$342,133
Preferred
—V.
<
yyyv'.y 4
——
Balance
"
15,967
23,153
1,725
———————
—______
$405,701
A;
29,277
_______—
taxes—
1943
1944
$391,325
18,185
Earnings for 12 Months Ended May 31—
Revenue from subsidiary companies—————
Expenses
—
Hector
holders
Corp.—To Build New Plant—
The corporation has announced plans for a new manufacturing
plant to be located in the Los Angeles (Calif.) area.
It will produce
porcelain enamel frit and synthetic enamel industrial paints and will
warehouse
the
complete line of other Ferro Products, Robert A.
Weaver, President, said.
The decision to build on the West Coast was made after surveys of
West Coast business by Ferro officials convinced them of the area's
prospects for continued growth after the war, Mr. Weaver said.
The new plant will be Ferro's ninth and is expected to be placed
in operation in ample time to take care of
early civilian goods pro¬
•
Fair, Chicago—Exchange & Purchase Offers—
(The)
196,614
476,000
4,811,858
contingencies
surplus
his¬
just
-
214,753
—
for
Earned
58-page booklet, entitled "The First 25 Years," containing
torical
data, together with illustrations and photographs, has
'been issued by the company.—V. 159, p. 1250.
$3,775,724
1,942,000
____
losses—
insurance
A
.'
■
liabilities-
current
tSinking
Ex-Cell-0 Corp., Detroit—Issues Booklet—
—
—--
Total
Ferro Enamel
——-—
—
U. S. Government contracts.—V. 159, p.
2079.
,
General Printing Ink
Corp.—Listing of $4.50 Preferred
:7V
Stock, Series A—
The
of
Stock Exchange has
York
New
shares
authorized the listing of 35,000
par),—V. 160, p. 625.
preferred stock, series A (no
its $4.50
Week End. Aug. 7
Period—
Operating
—V.
revenues
160,
1943
Georgia Southern & Florida Ry.—Southern Ry. Not to
Road In Meeting Maturing Bonds—The Southern
Aid
F. that in Southern's own
interest it cannot consistently advance money to the
G. S. & F. wherewith to meet the 1945 maturity or guar¬
antee a refunding
issue.
The Southern also advised
G. S. & F. that a new management disassociated from
Ry. has advised the G. S. &
In
securities of the G. S. & F,, Ernest
F„ as of July 31, 1944, are:
Stocks
-
v
stock, $2,000,000, of which Southern Railway owns $1,882,400, the remaining $117*600 being outstanding in hands of public,
(2) First preferred stock, $684,000, of which Southern Railway owns
$177,700 the remaining $506,300 being outstanding in hands of public.
(3) Second preferred stock, $1,084,000, of which Southern Railway
owns $558,700,
the remaining $525,300 being outstanding in hands of
(1) Common
public.
Borrowed
and
Bonds
Money
5% bpnds, maturing July 1, 1945, of which there
$228,000 thereof being held by the com¬
pany for account of the 5 %
debenture sinking fund, the balance of
$3,772,000 being outstanding in hands of public.
,
(5) First Consolidated 4%
bonds, maturing July 1*, 1952, of which
there are outstanding $2,000,000, all owned by Southern Railway.
(6) 5% debenture bonds, maturing April 1, 1952, of which (in addi¬
tion to $4,457 held in treasury of the company for exchange for an equal
principal amount-of Havkinsville & Florida Southern 5s, maturing
April 1, 1952, on which the company is liable as guarantor) there are
outstanding in hands of public $233,884, $185,814 thereof having been
reacquired by the company and held for account of the debenture
sinking fund, a voluntary fund established by the company, that fund
also holding $228,000 of G. S. & F. first mortgage 5% bonds.
(7) Open account indebtedness of $1,000,000 owed to Southern Rail¬
way, being balance of an advance made to the company by Southern
during 1927 in principal amount of $1,300,000, and used by company
to pay for heavier rail and
automatic signals and automatic train
First mortgage
(4)
$4,000,000,
outstanding
are
control.
Disassociated
Management
New
Net
Net
first 5s are a first lien
$4,000,000
of
the
company.—V.
.:
•
.
160,
The
said
the original line, Macon
on
original line.
first consolidated 4s are a first lien on the ValdostaJacksonville line, and a third lien on the Macon-Palatka line.
The $2,000,000
.
and the $1,000,000 open account indebted¬
;
The $424,155 debenture 5s
ness
unsecured.
are
,
Earnings
Condition
Financial
and
ended June 30. 1896, and Dec. 31, 1919, the com¬
sufficient to cover its lixed charges and to pay
dividends, at varying rates, on the preierred stoexs.
In the 1920's and
through the period known as the "Florida boom" the earnings in¬
creased until they reached their highest point in 1925 when the com¬
pany had a net income, after charges, of $1,003,780.
the years
Between
pany's earnings
♦Profit before
•
Y'*:Y
'
••
•
the period,
Available
,
Year
Income
1925
1925 to the present, is as follows:
'« Fixed
-.
$1,448,009
1926
Times
,
3.26
$444,229
990.880
"Interest*
Earned
Charges
„
2.94
337,563
•
i
tNeb
Income
$1,003,780
653.317
,
______
1927
447,627
349,291
1.28
$38,671
59.665
1928
458,246
344,880
1.33
78,000
■
-
■
1929
445,429
341,703
1.30
78,000
98,250
90,850
75,575
profit
Earnings per
402,815
336,868
1.20
215,065
335,672
0.64
share
__
217,836
327,102
0.67
sales
income
45,840
.323,126
0.14
78,000
1933
'
78,000
1934
119.456
320,178
0.37
78,000
1935
110.707
314,023
0.35
78,000
1936
143,004
303,338
0.47
78,000
1937
249,445
302.826
0.82
78,000
1938
34.648
301,300
0.11
78,000
1939
124.307
293,935
0.42
78,000
1940
500,290
362,395
,
1941
360,126
1,201.102
1944 (6 mos.)
"Interest
included
As
345,128
fixed
losses,
after
1.91
180,447
30,000
134,681
the
and not
interest due
charges and
all
the
break
1927,
of
the
and
1928
substantial
boom"
"Florida
in
and
1926
continuing
(except minor
through the 13-year period ending
the preparations for war, and par¬
ticularly because of the establishment of an army camp on the Palatka
Branch, the picture changed, with the result that there were net earn¬
ings, largely from war traffic, after charges, 1940 to 1943, inclusive.
However, during the latter part of the year 1943, and increasingly
with
1939.
In
1929),
1940, stimulated by
during the first six months of 1944, another downward trend has de¬
veloped due to the fend of the war construction period, and the increas¬
ing dearth of traffic local to the lines of the G. S. & F.
/ ■
During
the
lean
enabled
to
port
Southern
of
keep
Southern
out of
1943
has
the
from
was
sup¬
to
interest
collect
on
its
$2,000,000
first
of
(which, as shown above, constitute a first lien
mileage of the company between Valdosta and Jack¬
1,
this past due interest
Similarly, although accrued as a liability in the
1933.
to
Aug.
1944,
l,
the G. S. & F. whenever earned, no interest has ever been
collected by Southern Railway on the $1,300,000 loan made
by Southern to G. S. & F. in 1927, of which there now remains a bal¬
paid to
ance
of
nor
due of $1,000,000,
this past due interest aggregating, as of Aug. 1,
addition, the G. S. & F. has accrued certain
unpaid interest due Southern Railway aggre¬
gating, as of Aug. 1, 1944, $127,070, none of which has been paid.
As
of Aug. l, 1944. the G. S. & F. is therefore indebted to Southern Rail¬
1944.
$1,301,371.
amounts
way
in
pany's
of
the
In
interest
total
operating
on
amount
deficits
of
$2,348,441
were
for unpaid
likewise
financed
interest.,
by
The
Southern
com¬
during
the lean period, but these operating deficits have now been cleared up,
until the* operating accounts are substantially current at the
present
time.
Without such help the company would have failed.
plus
bonds,
—
179.161,773
"5,244,308
*5,573,879
$3.23
$3.49
w
sheet
of
as
1944,
materials
commitment
on
at
were
or
the
for
and
first
months
six
of
1944,
'
liabilities, the report said.
50-Cent
the
on
stock,
common
#as disbursed
like amount
the
on
following payments were
Sept,
share
holders of
also
the
on
cents;
50
directors
The
per
15,
record
made:
and
Dec.
the
declared
cumulative preferred stock,
Sept. 15.—V. 159, p. 2520.
393,768
414.057
$61,851
$652,645
$604,665
June 15,
4,272
6,891
6,524
$66,123
$659,336
$611,189
41,916
plant
r
issue
$1
$335,151
income
for
$24,207
$262,122
taxes
$0.42
$0.61
$0.35
and
(State
made
Federal)
first
in
1863.
p.
directors
in
28,
1
of
quarterly of $1.75 and a payment of 75 cents on
a
1.
Dec.
on
The
previous distribution
textbook
base
cellulose,
for
has
Department.
into
an
Co., Inc.—Issues Textbook—
the
on
plastics,
two
by
intended
is
to
be
aid
an
manufacturers
to
well as those who may
to their problems.—V. 160, p. 431.
nitrocellulose
answer
and its uses,
the properties of nitrocellulose
parts,
technical book
and uses of
soluble nitro¬
coated textiles and many other
the company's Cellulose Products
properties
lacquers,
published
been
products,
Divided
of
one
preferred stock after payment
just declared.'will be $70 per share.—V. 160, p. 326.
Hercules Powder
basic
was
1942.
of the dividend
using
dividend of $1.25
Sept. 30 to
were
accruals
Dec.
on
declared a regular quarterly dividend of
cumulative preferred stock, no par value,
record Aug. 24.
A similar distribution
and June 1, last.
The only payments on this
13
$7
holders
to
March
on
1943
of
the
on
1
Sept.
July
on
share
Cumulative dividends In arrears on the
this
payable
f Y..Y
$186,450
share_
159.
67,066
282,000
♦
136,000
taxes
com.
78,386
246,000
Fed.
&
income
made
was
cents
25
5,501
emerg.
per
payable
a
$5
204,199
$363,598
State
per
A
March 31 and
10, $1.
usual quarterly
$5,395,906
4,377,184
$358,097
income
$1.75
contingent
or
1944—6 Mos.—1943
$5,110,435
4,064,021
2,092,616
Hathaway Bakeries, Inc.—$1.75 Preferred Dividend—
dividend of 50 cents per share
15 to holders of record Sept. 1.
March 20 and June 15, last.
In 1943,
15 declared
payable Sept.
Aug.
on
known
v
41,148
of
quarter.—V.
Dividend—
Common
diiectors
The
all
for
sink¬
first mortgage
admin.
&
"Provision
for the
contract prices
and
2,151,143
income
account
war
the
are
redeem
$2,358,656
___
for
Net
■
of
5%
$300,000
lo
used
1944—3 Mos.—1943
income
Earns,
market
below
Milwaukee,
Co.,
be
210,420
adver.
normal
current
showed
&
will
redeem
to
sales
of
The
30,
June
interest,
accrued
and
facilities
is now in. progress, and that the effect of such renegotiation
for the year 1943 is therefor^ not knowri at this time.
Provisions
believed to be adequate were:made in the accounts for the year 1943
already
nitrocellulose
in
find
as
<;
Heywood Wakefield Co.—EarningsGraham-Paige Motors Corp.—Stock Options Granted—
The
management
sale
The
this
of
nouncement:
'
by
corporation
'
•
,
Joseph B.
has
Graham
the
made
following
'
'
-
of 265,000
,
,
of Graham-Paige
shares
7,
the
1944,
is
additional
an
same
The
source.
being
265,000
acquired
shares of
stock
purchased and
investment.
for
share
to be purchased as
stock
at
$2
per
Yi'-Y
v;Y7Y'
Frazer, who on Aug. 9 became Chairman of the board,
will occupy that position without salary for at least one year.
How¬
ever,
the corporation has executed an option agreement under the
terms of which Mr.-Frazer tnay
purchase up to 300,000 shares of
Joseph
W.
stock during the next five years from the company
Graham-Paige
share.
a
The 'company
with
agreement
R.
J.
date
the
for
options.
which
has
also
entered
into
a
at
option
similar
of
purpose
considering
and
•
Warren
City
recently
was
these
passing upon
Y'Y"
/V-
Manufacturing Co., formed in February, 1944,
acquired by the Graham-Paige Motors Corp. for
150,000 shares of Graham-Paige stock, conducts its operations in a
large, modern plant leased from the U. S. Navy.
During the first 4Yx
months of its operations the earnings of this concern after all charges,
but
Reserve
for
U.
Can.
S.
before
amounted
taxes,
to
over
These
$300,000.
subject to renegotiation.
Both companies
in
626.
work.—V.
war
company
160,
p.
are
earnings
presently 100%
are
engaged
Y-''
-
.
in
not
Motors
—V.
reports
the
execution
1944, to the Irving Trust Co.,
July 1,
but
777,000
,$207,214
contingencies
income
&
250,000'
profits
excess
taxes__
Net.earnings
billed
monthly
.
:-Y'.
instalments
of
of
a
promissory
note,
each
$50,048
for $3,002,877; pay¬
from Aug. 1, 1944, to
1949, with interest at 1V2%.
The note was issued in evidence
in payment of indebtedness under a contract with General
for the conditional sale of six Diesel freight locomotives.
p.
period
same
year
a
the
1944
7%
were
in
Products for the
ago.
of those
excess
War Service
of
'.* ' ■'
addi¬
tional part of the accruing post-war tax refund was used to reduce
current
excess
profits taxes in connection with the redemption of
$60,000 of the company's 5% debenture bonds on June 1, 1944.
Renegotiation proceedings on 1943 profits are still in progress, but
to
continue
sales.
Company's
and
output
-v."-■/''
provisions
V:J;
retirement
debt
the
final
no
dominate
;■■
Under
72%
represent
x';;
of
the
Act
Revenue
i
an
reached.
agreement has been
5;-''-'' Consolidated Balance Sheet, June 30, 1944
Assets—Cash,
and
cost
S.
U,
interest
$2,671,332;
and
($45,454)
Canadian
obligations—
(including tax notes of $656,165), $2,604,645;
receivable
accounts
inventories,
(less
other
of
reserve
assets,
$158,957),
$550,568;
$1,598,469;
property,
and
plant
(less reserve for depreciation of $2,745,448), $2,872,528;
good will and patents, $1; deferred charges, $98,054; total, $10,851,404.
equipment
Liabilities—Accounts
commissions,
for
payable,
5%
contingencies, $1,000,000;
$3,487,000;
total,
stock
common
$10,851,404.—V.
and
registered
10-year
159,
accrued
$586,618;
Federal
$433,246;
5%
$1,824,432;
Canadian
debenture
on
and
est.,
$283,100;
cumulative preferred stock
($25
surplus,
$1,500,000;
par),
2081.
p.
payroll
income,
taxes,
taxes
bonds,
reserve
($25 par),
$1,737,008;
.-v.,v.
Hibbard, Spencer, Bartlett & Co.—Three Dividends—
It
Oct.
Oct.
27
far
70
this
each
159,
in
directors
per
of
each month
also
were
p.
the
cents
15
on
July
payable
share,
record
18
Aug.
had
25,
de¬
Sept.
Sept. 19 and
Similar payments have been made in each month
and
year
cents
1943.—V.
of
stockholders
to
17, respectively.
so
that
announced
dividends
three
and
29
recently
was
clared
of
626.
$455,807;
accrued
and
notes
dated
New York,
Corp.
16D,
the
for
•
the first six months of
for
Sales
Great Northern Ry.—Executes Note—
The
July 1,
able
&
Hodgson,
President, under the terms of which
Mr. Hodgson may purchase from the company up to 100,000 shares
of its stock at $3.50 per share at any time within the next five years.
These options are subject to the approval of the stockholders, and it is
contemplated that a special stockholders' meeting will be called at an
early
1943
$1,117,214
250,000
660,000
$226,143
profit
stock
Sept.
$3.50
1944
$1,253,143
6 Months Ended June 30—
Net
an¬
at $2 per share was consummated on Aug. 10 by the
delivery of such shares to the purchasers, Joseph W. Frazer and asso¬
ciates.
The purchasers
have an option to purchase on or before
capital
The
bonds
July
aggregating $920,000.
accounts
inclusive, the G. S. & F.
only because of the financial
1939,
bankruptcy
forborne
line
main
sonville)
to
1927
103,
Loewi
stock
the
of
$2,719,660
Prov.
year 1943
Railway.
consolidated 4%
on
years
balance
Raw
aforesaid
incurred
company
^
prices at the end of the period.
It was reported that renegotiation
from
fixed
tDeficit.
above,
earnings in
780,291
share
common
and
:
sale
431.
Other
$131,516,077 and current liabilities of
$52,633,713, giving
of 2.5 to 1.
Inventories were valued at the lewer of cost or
market.
644,271
2.85
charges, Y tAfter
Railway,
shown
168,901
2.81
indebtedness due Southern Railway not accrued
on
in
Southern
":•••.
1.47
356,935
1.001,206
1943
the
from
Balance
of
ratio
a
137,895
420,811
529,027
,
1942
at
Sell.,
charges, including provision
foreign income and excess
Consolidated
assets
each;
1.38
Chicago,
Co.,
underwriters.
fund
Cost
1,303,255 shares of common stock outstanding.
A
*281,316
*238,334
*131,381
*344,652
*247,628
all
and
statement
Period End. June 30—
of $32,729,000 for estimated
profits taxes (less post-war
credit), and for estimated effect of renegotiation
of war contract
prices, and after providing a reserve of $2,000,000 for contingencies,
tAfter provision of $30,773,000 for taxes and a reserve of $4,000,000
for
contingencies and estimated
net effect. of renegotiation.
*On
"After
Federal
Y.Y
with the Securities and Exchange
covering the proposed issuance
($10 par).
filed
10
Hamilton Watch Co.—Earnings—
206,273,349
■_
JEarnings per
Y;7\
dends, all its outstanding 7%
Amort,
_
7 7'Y
■
and retire at 105, plus accrued divi¬
cumulative first preferred stock, consist¬
ing of £38 shares of an aggregate par value of $83,800.
The public offering price will be supplied by amendment.—V. 160,
ing
<B. F.) Goodrich Co.—Earnings—
*355,286
*278,722
78,000
Securities
retire
Aug.
on
registration
a
Proceeds
Total
Net
77Y' Yx
...
38,996 shares of preferential participating stock
expense
1944
compared with $1,805,686 and $791,619,
Agent—Registrar— 7Y,.; :'Y YVY;; )■/;:>
company
principal
for
earnings
Federal excess
N.
sale of
Straus
the first six months, after depreciation, was
$412,937 and net, after taxes, was $247,187, as compared to $356,211
and net of $211,711 for the first six months of 1943.—V. 159, p. 1973.
*12,053
*198,607
*187,266
78,000
1932
The
depreciation, but before Federal income taxes, etc.
♦After
Gross
surtax,
and
June 30. 1943.
on
Commission
and
$177,125
$0.13
$112,081
$0.08
$133,501
$0.10
income
Hamilton Manufacturing Co., Two Rivers, Wis.—Reg¬
76,550
$146,944
$0.11
Federal
isters With SEC—
$253,675
/
$0.76
-
provision for
12, 1944, the Lincoln-Alliance Bank & Trust Co.,
Y„ will act as transfer agent and the Security Trust
Co. of Rochester, Rochester, N. Y., will act as registrar of the capital
stock.—V. 159, p. 2081.
1941
$187,656
181.287
$123,880
80.87
Aug.
Rochester,
p.
1942
$345,194
taxes
Net
25,726
1931
11,049
$305467
194,413
share___
per
Effective
Y--'. Y
Y ••\Y
•
profit
Sales
35.365
1930
7,013
$302,341
bonus_^
for officers'
prov.
$107,928
Transfer
Southern
From
1943
$224,351
1944
Income taxes, etc._
Fed.
were
The record for
4.014
$316,216
_______——
respectively,
Co.—Earnings—
3 Mos. Ended June 30—
Net
is a second lien in liquidation
first preferred stock
$684,000
incl.
current liabilities were $722,840,
430.
p.
!
Goebel Brewing
6 Months Ended June 30—
Palatka.
to
$312,202
$309,354
Y
profit
"Estimated
present at a special meeting of the stockholders, which will be called
pursuant to the by-laws, to be held at Macon, Georgia, in October. 1944.
At such special meeting, it will be proposed that a new corporate
organization be effected, composed of directors who will select officers
satisfactory to the Interests of all concerned, and that a committee be
created, authorized to take such steps as may be found desirable with
reference to the maturity of July 1, 1945, and to the future well-being
Mortgages
on
*
'
1943
profits tax and other Federal and State taxes after deducting post-war
credit: $12,630 in 1944, compared with $10,815 in 1943.
Current assets as of June
30, 1944, amounted to $1,815,568 and
$
The
income
♦Taxes
Southern Railway has advised the G. S. & F. that it believes a new
disassociated from Southern, is advisable, and that such
management should be selected by joint action of the holders of the
G. S. & F.'s securities outstanding in the hands of the pubile and by
Southern. YxY
Y' -Y YY Y'YYYY,
Y'Y'''xYYy Y;; -Y ■■•Y
'YY'YY:,
To this end. it is suggested that respective committees of the first
mortgage bondholders, the first preferred_stockholders, the second pre¬
ferred stockholders, and the deoenture holders be promptly organized,
and that such committees and holders of all classes of securities be
-Y
-
Lien Status as Set Forth in the
b
11,543
Net income before taxes_
management,
President, states:
capital liabilities of G. 8. &
The
'■].
Advises
Southern
the holders of the
letter to
a
Norris.
X
$297,811'
operations
Other charges,
As of the same date, the balance
of its tax liability for the year 1943, due in September and December,
1944, amounted to approximately $785,000, while its accrued tax lia¬
bility for the seven months ended July 31, 1944, amounted approxi¬
mately to $700,000, its total accrued tax liability as of July 31, 1944,
thus aggregating $1,485,000, leaving the company's net current cash
resources, after taxes, at approximately $970,000 as of Aug. 1, 1944.
Of this amount, the company believes that, as stated above, not more
than $500,000 could be devoted to reducing the debt, leaving the treas¬
ury with a working balance of approximately $470,000.
,
:
A refunding of the $4,000,000 maturity, less such amount thereof as
the company may be able to pay, should be negotiated, in the open
market or with the Reconstruction Finance Corporation.
Southern is advisable.
J£.
cash work¬
1944, the company had a
from
income
Total
thus aggregating $2,455,000.
sources
$1,201,219
$1,398,694
Income
Other
'!
„»
t
1944
Tax Notes of Series C in
62b.
p.
order to continue its oDerthan $500,000 on or before
July 1, 1945, toward reducing the maturing indebtedness of $4,00u,o0t),
thus leaving at least $3,500,000 needed to meet the maturity.
figures, as of July 31,
Co.—Earnings—
6 Months Ended June 30—
ing balance of approximately $455,000 and temporary reserves in U, S.
the amount of $2,000,000, its current cash re¬
Jan. 1 to Aug. 7
1944
$52,500
$58,600
—.
.
1943
1944
■
preserve a modest cash working balance in
ations, the company cannot contribute more
In round
RR.—Earnings—
Georgia & Florida
Moreover, having in mind its need to
1945.
t
Haloid
off the
8. & F.'s own financial condition precludes its paying
The G.
maturing bonds on July 1,
Monday, August 21, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
728
1657.
made
on
in
Aug.
1943.
Jan.
28,
15,
Year-end
1944 ,and
distributions
on
Jan.
29,
y:
Gulf States Utilities Co.—EarningsSouthern's
Traffic
Policy
Toward
the G.
S.
&
F.
1944—Month—1943
Period End. May 31-
From the fiscal year
$1,353,852
Operating revenues
1895-96 until the present, Southern, on account
large investment in the securities of the G. S. & F., has con¬
sistently favored the line of the G. S. & F. between Macon and Jack¬
Maintenance
sonville by
routing traffic which it could control, over said line, rather
by handling the same over its own shorter route, 238.4 miles in
length, extending from Macon to Jesup, Georgia, and thence over i"int
trackage of The Atlantic Coast Line to Jacksonville.
The traffic thus
Depreciation
flian
preferentially given to the G. S. <fe F. bv Southern has resulted in large
additions to the company's gross freight revenues,
amounting
Other taxes
1944—12 Mos.—1943
$1,229,368 $16,375,892 $13,378,488
404,349
4,296,984-i
5,597,240
63,101
895,422
664,972
Amort, of plant acquisi¬
of
its
483,402
Operation
tion
98,288
_____
126,483
1,484,140
1,543,647
Highland Telephone Co.—Bond Issue Authorized—
The
16,151
193.810
80,754
261.069
3.430.937
2,549,101
103,059
99,971
1,212.047
for
$262,911
$3,562,296
$3,122,824
was
which
authorized
taxes___
-
serves
by
several communities in Orange Countv,
the
refunding of
bonds
maturing in
to
York Public Service Commission
first mortgage bonds to provide funds
New
13 to issue $185,500 of 4%
Aug.
like amount of securities outstanding at 5 and 6%.
be refunded are outstanding in three series, the last
a
1,120,205
$308,462
company
N:; Y.,
The
16,151
218.008
adjustments
Federal income
121,816
t-
The
1965.'
mature in 30 years,
new
securities, to be dated Jan.
and be redeemable at par after Jan.
1,
1944,
1, 1943.
will
'? ;
annual
in
certain
Southern
-«'ear.
Net
Railway has advised the G. S, & F. that it cannot continue
Other
years,
indefinitely
from
its
as a
own
and currently, to
more
than
a
million
dollars
traffic policy, to divert the traffic which it
line to the G.
can
a
control
oper.
revenues
income,
Interest
&
net
Dr2,966
Maturity of $4,000,000 First Mortgage Bonds Due July 1, 1945
Southern Railway has advised the G. S.
& F. that, in Southern's
to meet the
1945
Dr35,575
1,214,129
1,228,934
maturity,
or
guarantee a refunding issue.
Preferred
$205,365
dividend
$163,711
requirements...
$2,372,347
$1,858,316
584,988
$1,273,348
(Charles E.) Hires Co.—Extra Distribution—
The
on
15.
last
year,
The
Balance
-V.
160,
for
p.
common
10.
stock
and
surplus
directors on
share
Sept.
584,963
$1,787,379
own
interest, it cannot consistently advance money to the G. S. & F. where¬
with
24,180
101,620
S, & F.
Balance
The
2,420
100,131
amortization
Aug. 14 declared an extra dividend of 30 cents per
the capital
stock, par $1, payable Sept. 29 to holders of record
An extra distribution of like amount was made on Sept. 27,
and on Sept. 29,
company
also
pays
1942.
regular quarterly
divHeuuS of 30 cents
share, the next one being payable Sept. 1 to holders of record Aug.
—V.
159, p. 2198.
per
15.
Volume 160
6 Mos. End. June 30—-
$2,025,213
157,091
83,822
Deprec. and obsolescence
557,251
inc., etc.,- taxes.—*"
inc.
from
Provisions for
instal.
.'
losses
notes
9,963,665
Net
10,938,982
278,315
5,209,096
4,775,625
530,897
"Earn,
136,008
'
272,717
,
before
profit
de-
t
$991,540
$0.84
sh
per com.
$1,074,841
$0.91
allow,
Other
capital stock outstanding.—V.
"On-1,181',967 shares of
159, p.
and
$
$
$
59,123,776
discts..—
income
53,197,554
•'
60,013,141
54,181,295. 116,835,091
106,303,790
35,591,628
31,786,419
2,684,930
68,763,625
63,270,631
6,391,147
5,250,919
935,989
1,956,637
1,850,326
5,491,291
5,3 36,025
10,540,942
10,984,801
1,665,400
1,651,651
3,355,436
3,257,088
debt__i_
618,791
640,726
1,242,134
1,296,718
debt_____
3,599
2,393
6,980
52,536
55,513
105,028
2,984,685
2,900,563
228,339
1,712
275,133
i,7i2
931,399
.1
r
■
.
labor,\
Pulpwood,
ma-.
terials, etc
Maint.
2304.
114,430,723 104,161,939
2,141,852
2,404,369
983,741
889,365
(net)-
income
Total
Cost of sales:
$978,092
$0.83
$860,284
$0.73
1944—6 Mos.—1943
$
>
pletion
;
•
on
receiv.—'
72,400
______
Subs.)- -Earnings—
1944—3 Mos,—1943
Gross sales, less returns,.
■>.'
$9,488,872 $17,876,488 $20,048,616
$8,928,716
opers._
283,500
279,700
Res. for additional taxes
.
.
583,050
•
$1,757,348
113,036
266,620
244,600
155,000
$1,628,409
95,118
440.407
160,200
.
Period End. June 30—
1944—12 Mos.—-1943
1944—6 Mos.—1943
expenses
'
1941
'1942
1943
$1,985,582
Fed,
Operating
"
1944
Operating incomei^—
Interest, etc.%___.L
Household Finance Corp. (& Subs.)—Earnings—
Gross
International Paper Co. (&
Inspiration Consolidated Copper Co.—Earnings—
Hotel Waldorf-Astoria Corp.—Interest—
V
"
New
York
Curb
Exchange has "'received notice that interest
amounting to $15 per $1,000 debenture will be paid Sept. 1, 1944, to
registered holders of 5% sinking fund income debentures, due Sept, 1,
1954, of record at the close of business Sept. 1* 1944.—V, 159, p. 2082.
The
Period End. June 30—
729
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
and
3,427,226
repairs..
Taxes (other than in-.
Net inc. from
v
Other
$4,017,083
20,626
$8,578,738
9,547
$7,634,508
31,495
$4,007,059
credits..
income
opers._
7,436
Intercliemical Corp.—Further Expansion—>
The
-:<•
V-Gross
income
Interest
paid
Federal
$4,037,710
$4,014,495
$7,666,003
149,230
218,884
359,783
2,631,180
income
J.,
with
Inc., of Los Angeles, Calif., maker of industrial
household paints and.varnishes.—V. 160, p. 536.
(
.'
993,064
freight
livery
Sell.,
finishes and
Quinn.
-v,
taxes)
come
Outward
has acquired the Murphy-Varnish Co. of Newark,
branches in Chicago and San Francisco, and Scriver &
corporation
2,578,415
__
normal
N.
$8,588,285
99,956
__
r
&-de-.
expenses
and
gen.
.•
admin.
L
J
expenses
,
59,524
29,759
Prov. for "doubtful acCts.
"
and
Fed.
surtax
profits tax.
excess
Refundable
portion
v
Fed.
for
taxes
Minority
{ [
in
Cr567,000
/
378,999
521,121
223,747
of
v
.
"com.
per
855
5,522
1,664
$2,215,475
$2,240,523
$4,856,296
900,000
2,890,024
*
;
1944
1943
$1,943,286
$1,668,786
1,358,326
993,922
?
rubber___________
:_i.
sales______i_!
Gross
Depreciation
stock
450,000
450,000
1,445,012
1,445,012
share.'
$5.72
;
$674,864
1
61,989
income ".
State
U.
S.
and
Government
banks
in
'♦Provision
'
for U.
securities—at
■Instalment notes receivable
Dominion
Travel
Canada
of
advances
Refund,
&
cost
2,933,000
65,601
,
56,572,557
employ, notes & accts.
receivables,
Office
furniture,
etc
-_
equipment,
Total;
29,843
542,891
-
•
'
Dividends
exc.
$1,381,750
306,510
3,339,207
947,506,
303,870
3,868,163
&c
profs. & cap. stk. taxes
payable
■Miscellaneous
liabilities
curr.
loans—banks
Serial
$1,261,680
______
Dom. inc.,
&
Reserves
for
Minority
interest
Can.
in
flue.
&
Cash
U. S.
V
subs.
stock
Preferred
stock
Common
Earned
496,803
13,421,034
465,394
14,472,756
surplus
Capital
surplus
rubber
and
,
Total
—V.
*
'
,
-
period End. June 30—
Operating revenues
V
Uncollect,
revenue
oper.
assets
Operating
Operating
1
revenues
expenses
...
Operating taxes
.
and
Prepaid
—V.
'
160, p. 224.
;,'V
C
'
'
*
'
,
v
-
Drafts
on
Aug.
.etc.i_-_.-_;
names,
deferred
.
106,775
101,770
2,158,448
274,754
188,332
.
567,749
155,674
4,245,617
3,781,509
■
2,201,931
;
438,20.8
2,640,140
2,455,490
foreign
transf.
i
Net
767,658
4,549,166
;
int.
t
637,980
4,883,597
297,042
(net)
"
before
subsv
■
obliga-.
on
'co.—-
by
/
630,923
320,057
942,324
205,965
1,824,566
to, reserves
2,320,082
3,941,273
4,343,201
.
—V.
J
NOTE—'For
185,110
possible
1,504,037
K-'S iti-v
order.
1
$95,000
90,313
80,344
41,399
325,776
!
_i_
(595,832 shares no par>_-_-_ii__v_-
2,979,160
158,
Depreciation
Selling and gen. admin.
478,523
.-expenses
$4,461,598
has
International
placed
contracts
to
add
10,000
Net
share.
Notei—(1)
-..•h■
The
company
chiefly
$179,456
$574,231
13,173
18,304
$376,678
27,116
'$242,996
$192,629
$592,535
159,000
95,500
415,000
$403,794
229,500
20,000
15,000
40,000
30,000
: $137,535 ' $144,294
$0.29
■ '
$0.62 ', - $0.65
and 1943 net earnings do not include any
investment in and advance to Intertype Ltd.,
1944
The
Provision
•
•
■
amount
estimated
of
Federal and
payable under the existing laws.-*-V. 159, p. 2521.
taxes
•
^
(N. Y.) Telephone Co.—Purchase Author-f
Jamestown
merchandises various Cellucotton products, Including
Kotex.
It reported net income of $2,316,288 in
to $3.90 per share of stock outstanding.—V. 160;
'
the
is
taxes
for
$82,129
$0.37
"
$63,996
and
Kleenex
1943," equivalent
327.
The
International Cigar Machinery Co.-
1944
1943
$9,850
$5,769
'
Sales
:
___i
.9.211
9,371
Cost
Commission has authorized the
corpo-
acquire all outstanding capital stock of the Ashville & Pan¬
at $120 a share.
The Jamestowa
company serves Jamestown and adjacent territory in Chautauqua and
Cattaraugus Counties, N. Y.
The Ashville company operates in ter-?
ritory west and immediately adjacent to that served by the Jamestown
'company.
Its capital stock consists of 245 shares.—V. 159, p. 2637.
-Earnings—
6 Months Ended June 30—
Public. Service
York
New
to
jation
■■
Telephone & Telegraph Corp.
ama
>
302,963
TV
taxes
profit) or loss relating to
"
63,991
352,495
British • subsidiary.
(2)
64,243
151,729
conting
earnings
State
,$743,632
*$990,969:
15,064
Earnings per com. share
22,024 shares of capital stock (no par) at $47 per
1944—6 Mos.—1943.
Mos.—1943
$227,932
income
Reserve for
Offering—A. G. Becker & Co., Inc., and Glore, Forgan
& Co., Aug. 11 made a secondary offering through'deal¬
of
-
v
2
(net)
Provision, for
square
Productsfco.-r-Secondary
Cellucotton
/
178,627
income
Total
1
feet of
floor space to its Plant No. 4 at Poughkeepsie, N. Y., Charles A. Kirk,
Vice-President in charge of manufacturing, announced on Aug. 10.—
V. 160, p. 627.
corporation
.
Profit 1__
Other
890.
p.
119.
p.
$438,680
$363,170
32,121 /
31,985
.
495,026
V
160,
de¬
...
739,333
Total
p.
above.—V.
Co.
profit before
preciation
2,979,160
495,026
surplus
1
'
--
■
Period End. June 30—1944—3
7,769
International Business Machines Corp.—Expansion—
-
Mfg.
$4,448,171
Capital
m
Dresser
Gross
7,985
convers.
possible.
as
Intertype Corp.—Earnings—
54,955
differences
exchange
Reserve—foreign
always
is-not
International-Stacey Corp.—Sale Approved—
See
=______
it
reasons
44,828
$40,000
law
mechanical
to arrange companies-1 in exact alphabetical
However, they are always as near alphabetical
position
152,441
Statutory reserves accumulated by tubs, under
•
160, p. 536.
130,649
$4,461,598
payable
Mexican
profit
175,376
$4,448,171
-
payable including accruals___
Reserve for - U. S. and foreign taxes..
ers
14
*'•
Earns.: of
1,660,000
j
:
> • 1
400,080
56,562
;
charges
Accounts
C
authorized the Illinois Central RR. and the
Chicago, St. Louis & New Orleans RR. to issue not exceeding $8,700,000
of joint first refunding mortgage 4%
bonds, series D, to be exchanged
for not exceeding
a like
amount of Illinois Central RR. leased-line
stock certificates.. >;■K • >
The report of the Commission states in part:
>v
The Illinois Central and the Chicago, St. Louis and New Orleans
(lessor), -respectively, on June 29, 1944 jointly applied for authority to
issue not exceeding $8,700,000 of joint first refunding mortgage 4%
bonds,
series D,
and non-negotiable receipts for leased-line stock
ccrtificEtos*
'
■
•
r'
The
properties of ithe lessor are operated by the Illinois Central
tinder a lease dated June 13, 1882, for a term of 400 years.
Under
ICC
The
'
Liabilities—
Authorized—
Illinois Central RR.—Bonds
.
'
,
r.
r
1
$7,210,123
5,757,983
/
$6,384,407
5,064,313
$1,191,350
980,991
260,548
1,501,794
f.
Total ;
—V.
$10,596,120 $10,233,427 $63,553,749 $58,930,664
7,445,957
6,919,461 44,747,545 40,419,452
2,110,610
:2,122,616 12,421,797 11,301,089
income..-.-
oper,*
129,716
Advances, claims and. deposits
v.
1944—Month—1943 •
1944—6 Mos.—1943
$10,612,723 $10,250,031 $63,653,059 $59,022,548
16,603
-16,604
99,310
. 91,884
$1,039,553;
Net income: ' * 859,812
Net
7,619,814
profits
excess
credit
tions >held
1,660,000
in. transit.
(net)_i__„
»
Patents,* trade
The
■
and
Earned surplus
...
,
Illinois Bell Telephone Co>—Earnings—
.
i
$66,117,911 $65,633,926
...
159, p. 1762.
$384,182
89,337
hand
on
Materials and supplies at. cost__,______—
Fixed
Capital stock
-
11,107,284
Total
(
^
-
(face value)
Treasury certif. of indebted's
Shrub
947,506
176,7351 ^ ->167,681
8,000,000 -:1 8,000,000
957,603
■ 965,479
127,870
'
18,990
18,000,000
18,000,000
18,062,650
18,062,650
conting
4,389,535
"
Assets—
:
°
2:
...
exch.
;»
-
%
'
-
Employees, officers,
Fed.
$65,633,926
<
'
Banks
•
$66,117,911
...
i
Liabilities—
Notes payable:
5,334,156
*
(net)_-
income______
tax
;
tax. credit against U. S. taxes; no U. S.
Accounts.; receivable ;
'•
2,172,230
eign taxes
Post-war
15,553
,201,351
Comparative Consolidated Balance Sheet (Inch Subs, )
• - •
June 30, '44 Dec. 31,,43
$609,157
1
$350,131
<
44~729
406,268
—
3,425
1,861,411
taxes
Net
30,786
110,546
71,868
,,
;
&c.^_.
of foreign
excess-profits tax considered payable.
34,180
567,000
rec.
portion of Fed. exc. profits tax paid
tax
Other
♦After deduction
225,300
Post-war refunds of Can, exc. profits
514,407
1,080,465
386,169
profits
(
20,500
189,012
•
-f $315,765
3,210,000
54,394,488
—
:
bonds...
loan
5,782,255
,
454,362
■
79,050
r-9,480
'
income- taxes
Mexican
S." and
$700,636
67,090
-"
$5,203,121
$7,375,261
,
5,958,555
3,425
of sub..
taxes—Norm.
{
•
hand
on
110,955
'
144,692
pfd. stk.
on
Excess
25,773
$646,949 "
Total income
Selling, general and admin; expenses^.:—____
Provision
for * depreciation__i.___-__J.
Other charges to income
30
;■* 1943
$584,960
>
_j.-_
'I
2,890,124
$5.47
$2.48
$2.44
profit
2
Depletion
Div.
5,177
disct..
<debt
expense
Canadian and other for-
900,000
Assets—v.;.1944
Cash
of
and
t
$5,032,424
Consolidated Balance Sheet, June
v
-
other
U. S. Fed.
stock
com.
guayule
of
Other
on
'
Six Months Ended June 30 (Incl. Subs.)
.
Cost
4,622
income .5%' pref.
Earns.
on
earns.
on
Pivs.
Statement of Income
""Consolidated
'
■
Sales
,.
286,658
of .subsidiary
Net
Divg.
.
funded
Amort,
r
f
credits)—
int.
on
Int.
Intercontinental Rubber Co.—Semi-Annual Report—.
-'■v.
fax
profits
exc.
(less
237,000
-
1941..
year
Dom. inc. &
Int.
of
exc., profits
paid
•.
:
1,400,140 ■"
1,431,000
,
provisions of the lease the Illinois Central agreed, among other
things, to pay as rent for the properties an annual sum equal to 4%
upon
each share of $100 par value capital stock amounting to an
annual payment of $400,000.
This lease contained a further provision
in which the Illinois Central agreed to purchase all the lessor's out¬
standing stock issuing in payment therefor equal amounts of leasedline stock certificates of the Illinois Central.
By the terms of these
certificates the Illinois Central promised to pay to the holder of the
certificate $4 per annum for each share of stock represented thereby.
The amount outstanding on
Dec. 31, 1943, was $9,989,700.
Of the
y the
'■
•
-100,000 shares of the lessor's capital
tered in the name of directors, are
'
" '
of leased-line stock certificates outstanding as
aforesaid, $1,289,700 have been acquired by a subsidiary of the Illinois
Central.
Illinois
-Central
to
poses
,
,
,
and
$8,700,000
offer
to
are
publicly
holders
the
held.
Gross
i
revenue
of the publicly
held certificates the
right to exchange them for joint first refunding mortgage
series D, on the basis of one $1,000 bond for 10 shares of
stock certificates and one $500 bond for 5 shares of such
tific&fccs*
'•
4% bonds;
leased-line
Net
profit
before
corporate
the holders of the leased-line
of exchanging such certificates
series-D bonds on the basis above mentioned. While
no
time limit is specified in this offer the applicants state that a
period of 60 days is contemplated.
The applicants are of the opinion
that because of the improved security position
which the series D
bonds
will have as compared with
the leased-line certificates the
holders
of 75%
or
more
of such certificates will consent to the
proposed exchange thereby making the plan effective.
No depositary
for
the leased-line stock certificates will be appointed.
The issue
of the non-negotiable receipts and the exchange of the series D bonds
will be handled through the office of the Assistant Treasurer of the
Illinois Central in New York City.
■':■T':'.
The applicants have employed Adams & Peck of New York City to
solicit the exchange of certificates for the series D bonds at a com¬
pensation of $1 for each share of leased-line stock certificates ex¬
changed, excepting 13,000 shares held by or for the applicants and
15,000 shares held by Dutch interests.—V, 160, p. 627.
y
of
Net inc. before prov.
Provision
for
Illinois Terminal RR.—Equipment
ICC
on
Aug. 11
Net
•'
ment.
,
The
-
The
cates
*'
V.";'
.
-V'1
report of the Commission states in part:
-r
^
->
applicant sent invitations to bid for the purchase of the certifi¬
to 33 investment houses; 14 banks, and three insurance com*
and also advertised, for bids in one newspaper published in
Chicago, the bidder to name a rate of dividend to be borne by the cer¬
tificates in multiples, of. V# of 1% per annum. - In response thereto-six
bids, representing seven parties, were received.
The best bid, 100.3677
and accrued dividends, based on a rate of 2%, was made by the First
National Bank in St. Louis and has been accepted.
On this basis the
annual cost of the proceeds to the
mately 1.92%.—V. 160, p. 432.
applicant will be approxi¬
profits tax
adjustments
8512,209
28,608
—
Heddens,
mature
share..
per
as
on'.Oct.
S.
1949
582,000
1950
,
598.000
1951 •."/
$502,938
19,562
.
630,000
1954
$0.81
662,000
1955
1956 *
1943
630,710
474,358
not
55,941
133,857
Terminal
10,288
120,735
58,850
9,676,838
—115,137
58,785
Post-war refund of excess profits tax.
Patents,
Fixed
patent
rights,
etc
(net)
assets
will
110,365
Prepaid taxes __i;
199,980
53,893
9,825,035
104.234
'
Liabilities—
surplus
...
2,337,761
than
less
'
I
—
1
—
•
deducting
cost
The directors on
Sfa&T6
-
The
©£tcll
QUftfter,
Canadian
disbursement
^
Foreign
■
.,
. ; y -1'
>.
t'''
Exchange Control Board has authorized the
in United States currency in respect of
of the dividend
Toronto, Montreal and New York
transfer agencies and at the equivalent in sterling in respect of cer¬
tificates' issued by the company's London transfer agency.—V. 159,
certificates Issued
p.
2636.
by the company's
.
less or more than par and accrued
The rates of interest to be borne by the
be specified in.the bids in multiples of
of
on
Electric Co.—Earnings-
—
oper.
812,000
787,000
1,500
1,500
$171,453 "$2,377,018
$181,201
income
income
.
.
$101,031
.
.16,266
$2,472,332
9,318
$172,541
1,731.
(net)—_
125
1,088
$179,470
revenues—'
$2,393,284
954,728
$2,481,650
943,873
$1,438,556:
$1,537,777
520,784
520,784
79,194
$93,347
applic. to pfd. stocks for period—
,
'
*
- •
•
160, p. 119.,
Keystone Steel & Wire
Years Ended June 30—
♦Net
1,273,866
550,380
-
125
—
80,170
f
610,955
68,667
Other.income
Net
3,251,672
1,902,086
66,667
161,137
res.
of
investments
—V.
$8,336,750
3,623,822
approp."
limited-term'
ret.
Dividends
$9,327,381
56,041
Prop.
Gross
$734,614
275,031
311,910
—I—'
taxes
Amort,
1944—12 Mos.—1943
1944—Month—1943
$775,350
—
165,217
54,121
Other
anticipation notes:
1448. ' ;
•
International Nickel Co. of Canada, ttd.—40c. Div.—
Aug. 7 declared a dividend of 40 cents per share
(in United States currency) on the common stock, payable Sept. 30 to
holders of record Aug. 31.
A like amount was disbursed on March 31
and June 30. this year.
Previously the company paid 50 cents per
.
expenses
taxes
Federal
119,695
64,347
53,893
10,000,000
2,078,057
revenues
Operating
{
(
1973
1974
27,500,000 1
company
period End. June 30—
Operating
$65,642
$13,58.4,865 $12,753,095
of U. S.' Treasury tax
$142,000 in 1944 and $650,444 in 1943.—V. 159, p.
♦After
1964
of
yB
company
Terminal
Net
Total
1972
77,866
,
payable _i—
,'i—
$54,667
.♦Provision for Federal, State, etc., taxes accrued
943,010
Account payable; affiliated company
—
126,231
Reserves ior contingencies.^
—64,347
Reserves for post-war adjustments.
58,850
Capital stock (600,000 shares, no par)
—
10,000,000
1971
934,000
1965 '
considered
1970
950,000
806,000
be
1969
902,000
918,000
V
822,000
Kansas Gas &
Accounts
1963
1968
886,000
T
1% per annum.
Bids will be evaluated by the
the basis of the lowest total interest cost to
for the bonds to inatiirity..
,
The proceeds from the sale of the bonds,, together with funds to bo
provided by the Terminal company, will be used to redeem on Jan. 1,
•1945.-the" first mortgage 4%- gold bonds of the Terminal company
now outstanding at 105 and interest.—V.
160, p. 433,
the
$13,584,865 $12,753,095
Total
.
1962
'
date of payment.
to
1961
"
serial maturities are to
373,368
receive not due within one year
& accts,
"interest
1,887,568
Inventory
Notes
bid
No
v
—
1_
TT<
'
$1,194,377
1960
790.000
T
1953
646,000
870,000
774,000
614,000
360,000
1944
1966
1967
854,000-
710,000
"
"
;
1959
758,000
*
:
1958
726,000
742,000
> -
$483,376
receivable.,^—-.:——
receivable
Oct. 1
Amount
"$838,000
1957
'5694,000
1952..
several
bonds.
Treasury
Accounts
- ^
j'-'
•1948
:
Oct. i
Amount"
Oct. 1
$550,000
"
$1,175,774
,
!
.
The bonds will be dated Oct; 1, 1944, and will
1, 1948, and on each Oct. 1 thereafter as
trustees.
.serially
Amount
Comparative Balance Sheet, June 30
,
banks
in
'
'
..
follows:-
360,000
$0.81
stock..!..,..'
capital
on
Assets—
Cash
panies,
average
[
requesting bids for the purchase of $47,000,000 first
mortgage serial bohds tq be issued under a first mortgage and deed of
,trustr dated Oct* 1, 1944, between the-Terminal company and Conti*
nental Illinois National" Bank & Trust Co. of Chicago and Barret S.
is
Company
$483,602
paid
income
Certificates—
equipment trust,
be issued by the
100.3677 and ac¬
of certain equip*
19,562
income
Dividends
authorized the company to assume obligation
in respect of not exceeding $690,000
series B, 2% serial equipment trust certificates, to
St. Louis Union Trust Co., as trustee, and sold at
crued- dividends in connection with the procurement
$483,376
28,608
•
City Terminal Ry.—Asks Bids on $47,000,000
Kansas
Serial Bonds—
678,000
Net
'
*
liability
589,280
r43,958
$483,602
income taxes
1
v
Earned
The
526,532
$1,012,444
497,920
31,148
for post-war adjustments-
post-war
Notes and acceptances
and
465,162
•
—
;
excess
U.
....
$1,538,975
■
566 000
refund
for the proposed
♦
'r $1,582,001
$1,116,839
1
income
Net
Post-war
By an offer dated June 30,
1944,
certificates were given the opportunity
'
...
taxes
S-
j
£>r$3,441
1,542,417
taxes
Provision for Fed. excess profits &
Other
stock cer..r..
sj.-' •
:
v
1,581,522
-
Expenses, incl, amort, & depreciation
^
$478
-
-
Royalties
.
The Illinois Central pro¬
;
a
$9,989,700
the
Of
)
stock, all, except 9 shares Regis¬
registered in the name of the
Profit
"
?
~
Co^—Earnings—
4
1944
1943
$1,467,300 $1,092,143
per^common share-—,—1_——$1.94
$1.44
charges and Federal income and excess profits taxes.
V. 160,
profit
Earnings
♦After
p. 536.
-
-
]
Monday, August 21, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
730
"
'
'
Six Months Ended June 30—
«16,58M70
sold,
merchandise
of
Cost
11,60H5Z
3'543'677
buildings
of
profit
Gross
307,061
1
13-869
——————
income
Total
paid
Interest
Federal
Surplus^
neriod
Jan.
$637,174
$612,806
—
12.279,193
12,327,786
12'?«k'non
12,964,960
1—
for Federal
Provision
inc. and
Net
before
common
6,837,520
$1,042,259
surplus
Premiums on preference stock..—.—.—,
Preference dividends
——
dividends
Common
706,859
$1.33
$4,569,276
hand—;
on
—
Government bonds
and accounts receivable
Notes
Merchandise
(not trade)—
hand
on
in
Merchandise
(net)
employees
officers and
from
Due
and
banks
In
S.
....—
transit,.
supplies..——
...
Prepaid insurance, taxes, etc...
Invest, in stocks, bonds, mtgs., etc,—
Outside properties (less res. for deprec.)
and
Stationery
231,315
assets
Fixed
I
;
121,028
256,363
6,172,851
481,028
240,601
3,529,754
5,500,000^,
-
Goodwill
177,319
110,760
-
Accounts
payable
merchandise
on
Instalment
1,758,671
82,899
900,000
138,166
2,300,000
660,912
July—
in
pay.
notes
contingencies
stock ($100 par)
pref.
stock
Common
and
($1
Paid-in
552,662
833,289
12,391,904
$22,869,044
—_
par)
—
surplus
Earned
500,756
3,720,400
552,662
833,289
12,734,116
$20,154,143
cumulative
5%
—
.
stock
common
for Insurance
Res.
1,661,562
transit
in
liabilities
Dividend
$300,000
1,034,114
452,138
:
payable,
Accounts
Accrued
$300,000
1,043,117
272,532
.
surplus
,
...
159, p. 2522.
1
\
Accounts
and
6 Months Ended June 30—
.
1943
:
Cost
Securities
Accrued
receivable
notes
(less
reserves)
7,839,410
8,491,908
7,945,141
__
at
refund
Accounts
receiv.,
Ordnance
of
excess
advs.
12,908
Interest
and
operating
152,518
442,506
in
invest,
&
768,315
1,752
353,161
securities
on
(less deprec.).
profits taxes
;
charges (net).
Depreciation and amortization
Prov.
Federal
for
income
:
;
—
;
—
(estimated)
taxes
$398,427
32,752
19,620
111,244
insurance,
taxes,
income
"Net
;
500.000
"Appropriated
Balance,
42,000
_
surplus
"Appropriation
dies.
lasts*: patterns; and
yvy y:.A .y■, v'■
replacements
post-war
$356,427
$233,052
.
for
of
^
Preliminary Consolidated Balance Sheet, June 30
Assets—
Cash
Accounts
dividend
5,040,695
182,695
293,502
173,263
expenses
value
life
insurance
316,485
and
inc._
on
and
35,020
loss
exchange
stock
class B
159,
1,336,283
3
depreciation & amortization
Lasts, patterns, dies, trade marks & goodwill—
*
Total
(banks)
payable
and
j
$150,000
951,658
...
(trade)
miscellaneous
liabilities.
serial debs, maturing Jan. 1, 1945
•(Provision for Federal taxes on income
7,915,048
from
6,530,659
1,248,935
1,048,935
137,428
arising
and held In
135,633
3,112,800
10,690,745
10,304,441
Drl76,619
Sept.
27
ment
from
10,690,745
11,859,541
par)
Drl76,528
treasury
due
Cleveland—Court Test
operating
Utility
collecting
bond payments
seeks
company
$3,250,000 claimed as
for
prior
$8
preferred
preferred
"Earned
($1
surplus
surplus
317,000
3,249,100
79,550
202,278
87.254
1,038,551
3,259,150
v
____
par)—.
71,900
202,431
______________
y
84,656
_________
Total
:
■I
"Life insurance policies
debentures
of
1942.
are
Surplus
pledged as collateral to the 3Va% serial
at Dec. 31, 1941, restricted as to the
as
payment of dividends under terms of trust indenture.
1944, U. S. Government tax notes.—V. 160, p. 536.
tLess $382,000
in
"The
should
case
plaintiff
given
the
the
constitutionality
argued.'
V
to
159,
Kobacker
the
At
The
Act is
the
on
of
5
no
declared
par
Like amounts
In
1943,
dividend of 25 cents
a
the
will
profits.
excess
goodwill
be
O.
.
payable
value,
disbursed
were
Sept.
to
10
share
holders of
April 20 and June 12,
on
$1.;
yy/;.y:y ;y
-y.y
also declared the
usual quarterly dividend of $1.75 per
the 7%
preferred stock, par $100, payable Sept.
of record Aug. 25.—V. 159, p. 2084.
on
in
declared
court
all
the
had
firm
.
Provision
for the
for
for
income
—
y 3,298,167
announced
was
"if
case
no
the
first
months
seven
provision
for
the
of
income
1944
Oil
Refining
the
well
"The
taxes
271,700
from
June
additional funds
Higher—
showed
year
taxes.—V.
2,137,600
: 1,608,150
150,000
9.
p.
.
10.6%
i
Davison,
•
share
Reserve
oper.
"Net
income
of
amounts^
The
$738,867
available
in
and
$74,670
in
1944
refundable, post-war.
balance
sheet
$4.28
and
1943
respectively,
for
>
of
May 31, 1944, showed current assets of
(including cash of $1,872,857), and current liabilities of
$3,101,695, a ratio of 2.23 to 1.—V. 160, p. 628.
'
as
$6,925,672
for
—V.
aft.
160.
The
for
a
M,
Morgan,
director.—V.
A
Per
*
Vice-President
in
charge
of
sales,
before
p.
the
plan
June 10,'43
Federal
dividends
Oil
Other
'
Net
$5.67
taxes:
$58,046
share
160,
common
—
income
—V.
stock
]
328.
p.
159,
sales,
mfg.
Sell.
:■
y.;;
Period End. July 31—
1944—Month—1943...
$630,735
159, p. 2084.
$701,604
the
Sept.
;y-y
4,778,413
678,577
Aug.
on
20.
692,593
..
8,926,687
8,954,680
Matson
1,329,727
1,365,348
$2,456,213
$3,186,910
$4,858,554
96,722
215,564
181.431
has
..
taxes
Miscellaneous
Net profit
Net
'
.
outstanding
of
1,124,842
1,101,893
'
992,948
1,114,237
179,244
315,321
taxes
at
.
.
the
first
six
above
.
*
948,597
$0.73
six
normal
months
tax
and
$992,312
948,597
$1.04
of
$1.45
includes
1944
surtax
$1,371,888
948,597
based
on
an
an
prevailing rates (no provision for excess profits tax
months
of
the
West
Coast
before the Civil Aeronautics
for Government
compares
Link
to
and
Hawaii.
Application
time ago and a
Board on Sept. 5.
*
some
subsidy in any form.
for
hearing
•
-
$8,000,000 to $9,000,that it is not asking
.
air liners will be purchased initially
Civil Aeronautics Board permission is granted, the company said.
This
big
the
West
Douglas
company,
operate
carrying
provided
1943 for Federal income and excess profits
;
This
Air
has announced details of its plans to provide overseas
between
The company asserted it is prepared to invest
in its proposed air venture and emphasized
.
.
In
new
a
fleet
of
a
DC-4
pioneer in Pacific Ocean shipping, proposes to
these four-engined Douglas airliners, each with a
capacity of
air
Coast
service
and
if
the
48 persons by day
with
its
regular
and 24 by night, coordinating
steamer
Hawaiian Islands.—V.
service
157, p. 2350.
between
the
'
with $1,803,751
Megowen-Educator Food Co.—Debentures Called—
.
Note—The
are
provision
value
»
Eight
.$690,519
first
for Federal
$568,878
.
Invest
: yVy
000
$0.56
the
for
•
1
948,597
share...
made
T'_
'
Co.—To
■
.
to fly these routes was filed
337,203
being considered necessary).
$4,558,778
service
is scheduled
2,216,657
558,330
''
'
-
$534,086
-
——
for
159, p. 2418).—V. 160, p. 329.
(see V.
Navigation
The company
air
$5,039,985
156,121:
•
_
charges__
profit per
estimate
been
$3,402,474
496,764
610,838
de¬
&
pletion
Shares
$2,552,935
$1,797,809
for
capital
similar distribution
A
Hawaii—
89,574
income
for deprec.
a cash dividend of 15 cents per
stock, payable Oct. 1 to holders of
was made on July 1, last, the
declared
9
outstanding
first In many years
$1,708,235
profit
income
"Provision
Prov.
$15,001
;.,yy vyy'vy
:
$7,927,219 $13,443,324 $15,178,582
permission
amount
1944—6 Mos.—1943
$4,245,590
directors
.
Operating
17,295
5,000
$24,949
period
1975.
p.
on
record
1944—6 Mos.—1943
1944—3 Mos.—1943
expenses
Miscellaneous
24,930
11,000
income taxes__^
and
4,851,130
admin,
&
111
$37,296
Martin-Parry Corp.—Cash Dividend of 15 Cents—
The
share
Corp.—Quarterly Report—
$7,237,942
of
$37,184
$60,879
—
for
$55,737
18,553
2,834
•
;
for Federal
1943
-
$9,453,838
$6.24
and general
operations____„__
deplet., dry holes, leases forfeited, etc.
Provision
12,887,698
1944
$79,556
21,511
—
income
Deprec.,
taxes $19,850,017 $22,341,536
Corp.—Income Account—
Exploration
:
income
Total
2,622,477
$10,514,646
from
paid:
March 15, 50 cents, and
each.—V. 160, p. 328.
were
15, 25 cents
income
expenses
Profit
3,800,000
5,500,000
2,670,778
following
15, Sept. 15 and Dec.
Six Months Ended June 30—
40
for
declared a dividend of 25 cents per share
Sept. 15 to holders of record Aug. 29.
on
March 15 and June 15, this year.
payable
disbursed
was
Maracaibo
628.
9,335,371
Lone Star Cement
155, p. 363.
Stores, Inc.—July Sales Off 10.1%—
—
also
Aug. 16
on
stock,
amount
1943
In
'
in
Sales
one
Jagels,
H.
328.
p.
capital
like
June
of
taxes
taxes.
Lincoln
—V.
rata exp,
pro
year—
profit
Federal
Co.
Paxon
directors
the
on
divs.— $28,020,795 $28,764,013
pfd.
Company's share net profit after taxes
Latrobe Electric Steel Co.—New Director—
elected
subs.
retirement
fiscal
Company's share
Reserve
an
Co.,
Charles
Ga.,
Magma Copper Co.—Distribution of 25 Cents—
Oper.
June 8,'44
profit
depreciation
"Provision
Arthur
160, p. 433.
i
transaction will
the
corporate purposes.—V. 160,
employees'
—V.
months' period of the
the second six
1,
made
current
Reserve
$595,502
$5.41
[
share—.,
$54,700
for
signed a long-term lease cn the property
occupied by the Saxon-Cullum establishment, consisting of a modern
two-story building, with floor space approximating 60,000 equare feet.
$6,500,000 Debentures
has sold at par, plus accrued
for contingencies incl.
of
Co.,
Paxon
Saxon-Cullum
Augusta,
100,000
per
this time
at
is quite satisfactory."—V.
year
the
of
increase of
an
159.
40 Weeks Ended—
Total
Net
keep in mind, however,
affiliate, has purchased the business
of the oldest and largest stores in
President of Davison, Paxon Co.,
announced on Aug. 16.
He added that the new store will be operated
under the Davison, Paxon name.
;,i
' -'J '*
r
The
Loew's, Inc.—Earnings—
220,100
profits taxes
Earnings
to
oullook
current
Co.—Sells
company
be used for general
Co.'s
1943
$795,962
1944
$1,598,103
—
that our tax burden is exceed¬
ingly heavy.
Income and excess profits taxes on the first six months'
earnings of this year will amount to approximately $1,162,709;
"It is
16 that' the net profits of the corporation
Aug.
on
shipping
contingencies
the annual
reported in
1943 is being maintained and at an accelerated
the current year."
^
2,523,752
excess
as
year
profit after interest but before taxes
Net
the case of
briefed and
1944, $6,500,000 of 33/4% sinking
fund debentures due June 1, 1959, part of the proceeds
being used to redeem the balance of $5,000,000 prin¬
cipal amount of its 3%% first mortgage sinking fund
bonds, due 1956, previously outstanding and held by the
Equitable Life Assurance Society of the United States.
The new debentures were sold to the same society.
The
1943
$32,057,178 $26,786,969
—
Federal
for
our-company
(R. H.) Macy & Co., Inc.-—Affiliate Expands—
Sales
for post-war
"Provision
oi
progress
far during
so
and
Lincoln Service Corp.—Net Profits
It
Cost
1944
...
profit after depreciation and interest
Reserve
meeting held on July 21 approved the reduction
by $1,000,000, reducing the total of goodwill
This reduction of $1,000,000
6 Months Ended June 30-*-
ruled,5 "and
1639.
p.
1 to holders
Inc.—Earnings—
12 Months Ended May 31—
Sales
Net
a
item
forward
statement
pace,
respects valid."
Period End. June 30—
Lane Bryant,
-Reduces Goodwill Item
the
: y
The directors
share
$18,744
.
charged against capital surplus.
■ ,
Elder. President, on Aug. 10 said, in part:
J.
"The
questioned the validity of the Renegotiation Act, par¬
in its form prior to amendments of last February.—V. 158,
ticularly
per
following payments were made:March 10,
11, Sept. 10 and Dec. 10, 25 cents each; and Dec. 28, a year-end
year.
June
\
1.
Aug.
stock,
common
record Sept.
this
on
..
carried in the balance sheet to $4,500,000.
had denied it had made any excess profits on Govern¬
company
work
ment
the
time
same
Renegotiation
proposed
Stores, Inc.—25-Cent Common Dividend—
directors
.
2084.
p.
$53,125
34,381
$27,791
—___________
Iir2,665
$48,026
20,235
-Earnings Rise—
on
the Govern¬
prevent
be tried on its merits," the court
opportunity of proving its case and
of the Act of Congress should be
weeks
The
Rr2,714
—
income
Net
Operating
•
19,635
$50,459
company.
$8,392,164
;
stock
stock..
stock
Common
Capital
317,000
1,022,980
contingencies—.
$5
35,616
1,150,000
$8,141,840
Reserve
35,020
1,006,000
...
(net);
deductions
Income
the
on
interest
,
V,
1945-52—
.
Gross income'
;
constitutionality of the Renegotiation Act,
the court in a memorandum opinion said the company had a right to
trial.
The Government had asked a summary Judgment against the
passing
Privately—The
40.000
336,725
22,057
income.
,The directors at
the
18,200
23,410
6,295
$45,311
accruals-,
reserve
$298,546
180,817
$39,954,999 $37,052,331
_
Co.,
which
in
580,119
<
—
Macfadden Publications, Inc.-
Electric
suit
a
taxes
•
16,253
26,567
18,475
-
Other income
3,112,800
no
Retirement
1943
1944
$306,442
—-177,779
taxes
income
"r
fluct,
—
875,971
40.000
471,383
Managers' security deposits and employees' war
(contra)
serial debs, maturing
$400,000
-
529,662
"3V2%
*3 V2 %
-
,
de¬
1
_.
-
Lion
payable
Accounts
900,569
300,948
$1,037,331
•
.
________—
Davison,
Accrued
300,948
$1,102,803
150,474
$1,037,331
revenues
General
of
Liabilities—
Notes
150,474
Maintenance
three-judge Federal Court has ordered to trial on its merits next
after
£
....
900,570
$1,102,803
period—
$2,238,848
$2,304,322
450,284
12 Months Ended June 30—
Renegotiation—
$8,392,164
—.
less
$1,638,090
450,285
2522.
p.
Operating
159, p. 1975.
A
599,449
24,740
.
24,740
com
of
end
Federal
(par $100)
(718,066 shares
surplus
reacquired
937,500
rates
stock
pfd.
Lincoln
35,616
1,247,565
3
$8,141,840
(contra)
payments
assets,
-386,690
_____
$1,703,563
Operation
excess
settlements.
contract
unrealized
for
cvmul.
Earned
taxes
income
inventory price
contingencies
other
Canadian
of
6V2 %
Fed.
possible future
and
Reserve
payable
and Canadian
taxes
for
clines
101,134
353,430
1,095,739
"
bond
$1,252,710
1,037,331
com
—V.
Managers' security deposits and employees' war
Fixed
$1,242,251
in
Bal.
206,121
99,444
355,426
payable
than
other
taxes
profits
Reserve
r.
balance
class A
$3,649,313
47,841
dividends
stock
for
Prov. for Fed.
$3,726,819
;
contracts
war
stock
Common
432,804
4,953,982
•"Cash surrender
$1,070,566
573,510
reserve
$623,889
1,014,200
Lynchburg Gas Co.—Earnings—
on
Prov.
of
Divs. on
etc
payable
Preferred
7:
$842,012
receivable, less
Merchandise
Prepaid
1943
1944
c
;
_
$617,008
$39,954,999 $37,052,331
Without
1
6,275
V 74,800
1,061,815
on
Liabilities—
11,205,150
$233,052
charges
Miscellaneous
5,975
77,700
>
begin.
Total
Divs.
Link-Belt
Co.
Advances
—V.
11,206,753
30,715
13,232
121,783
300,000
expenses
:'vV-*
2,988
37,500
contingency reserve
Adjust.
Cij
taxes
for
prior years
9,062,969
1,020,267
4,169,746
—
receivable
plant and equipt
Post-war
Prepaid
cost
9,126,293
1,898,267
36,426
owned
interest
Property,
$11,905,535 $12,267,193
sales
of
-■
-.43,800
2,988
...
surplus
Transfer
1943
1944
.
.
sales
v
period
—V,
Net
10,656
in¬
$1,356,826
23,041
$1,356,126
30,200
Cy;7v>
*
$672,332
14,325
income
of
8,852,232
Total
(& Subs.)—Earnings—
(G. R.) Kinney Co., Inc.
than
taxes)
come
1944—12 Mos.—1943
1944_6 Mos.—1943
exps...
Prov. for Fed. inc. taxes
$9,256,301
Inventories
Stock
/
"
..
yy;
(Del.)—Income Account
$671,821
admin,
(other
Taxes
Net
$7,577,210
Common
Total
—V.
-;,v
revenues
&
Gen.
Balance
1944
Assets—
Cash
Accounts
bank..
to
1864.
p.
Period End. June 30—
Total
(Excluding Link-Belt Ordnance Co.)
$20,154,143 $22,869,044
payable
$3,834,171
'
for the first six months of 1943.
5,500,000
LiabilitiesNotes
159.
Louisville Gas & Electric Co.
The post-war refund receivable for the first six months of 1944
is estimated at $585,000, based on the estimated income and excess
profits taxes of the period before renegotiation, which compares with
estimated post-war refund receivable of $640,000 similarly computed
Total
Total
3,743,209
5,990,595
$4,716,095
$4,094,512
taxes
income
Net
Comparative Consolidated Balance Sheet June 30
1943
$2,969,322
133,943
3,371,292
78,839
3,525,191
452,138
1944
$1,929,644
183,943
3,307,002
11,402
4,295,850
272,532
171,073
3,998,666
6,068,380
1,870,795
2,625,000
—v.
both years.
by Link-Belt Co. to this subsidiary have been eliminated in
Sheets, June 30
Comparative Balance
U.
92 530
$8,831,547 $15,167,539 $14,068,607
241,240
384,397
500,631
191,201
•>..
sales
for comparative purposes
and
Co.
charges
3,015,000
income
Notes—(1) The above statement does not include the sales or
accounts of Link-Belt Ordnance
58,038
$9,682,225
$1.53
—
(2)
$12,391,904 $12,734,116
—
Assets
Cash
^
93,010
221,064
.
surplus June 30
Balance,
io°,U2U
credits..
income
13,972,446
14,085,994
„
$8,697,599 $14,990,421 $13,430,713
133,947
177,118 ,
637,894
$9,624,187
Prov. for Fed. inc.
-
Total
.7,361,889
7,129,353
.
...
1,906,748
$1,181,216
710,852
share
income
Gross
Income
7,362,469
shares—
common
taxes..
Deprec., depict. & amort.
credit
post-war
of
Other
200,000
1944—12 Mos.—1943
1944—6 Mos.—1943
$16,753,540 $16,059,489 $29,076,415 $27,403,159
revenues..
and
maint.
27,997,369
444,196
200,000
oper.
purch., oper. exps,,
Operating income
of Canada
Dominion
and
per
Earns,
Gas
>
prof, taxes and contr. settlem'ts
exc.
income
Number
Gross
1943
28,993,675
405,251
amortization——,
and
(& Sub.)—Earnings—
Star Gas Co.
Period End. June 30—
$37,478,706 $37,185,251
-
Appropriation to reserve for possible future inventory price declines and other conting
1,105,000
1,225,000
y.
;
—-
/U,WJU
,
tax
for
Income
81.827,491
ro.jra
75-uou
—
—
and excess profits taxes
income
Income
State
k'7™
$1-919.548
—
__
__
—...
—
lncl. selling and admin, exps.——,*
Cost of sales,
.
1944#
•
income
Depreciation
:'yy'
,K-
.
discounts and allowances
$37,420,587 $37,160,913
less sundry income deductions—
58,119
24,337
less
income,
Total
357,534
$1,812 428
15,063
sales,
Other
3,320,392
$1-905.679
—
income
Other
88,990
———r
and State inc. taxes)..
(other than Fed.
Taxes
*3320392
86,718
etc.__———-
Selling, gen., advert, and admin, expenses.——
Depreciation
Net
Lone
<
(Excluding Link-Belt Ordnance Co.)
-
-
E"dC'' J""e 3°~
(& Subs.)—Earnings—,
Link-Belt Co.
Inc.—Statement of Inc.
Kaufmann Department Stores,
results
figured
for
of fixed
at
of
the
the
at the
subsidiary
companies
included
exchange rates,- except as to the
depletion which is based on the dollar
average
depreciation and
assets
foreign
time of acquisition.—V.
159, p.
1865.
A total of $60,900 of 5%, sinking fund 10-year debentures, series B,
due April 1, 1947, have been called for redemption as of Oct, 1. 1944,
at 100 and interest.
Payment will be made at the Continental Illinois
;
National
Bank & Trust Co.,
trustee, 231 So. La Salle St., Chicago, HI.
Mwwam
T Volume
*
Melville
_
sales—___
of
\
'
4,674,739
207,082
2,443
100,000
5,125
48,710
Operating, selling, general & admin, expenses
Depreciation
1
'
Interest paid on store managers' deposits, etc.
Prov. for distrib. to employees (pension plan)
Additional provision for pensions™.;
—
Miscellaneous
charges
T
4.903,219
234,779
,\yz 2,673
100,000
- V *
5,505
*
32,632
$2,743,402
$1,848,682
-
Net
Net
RR.
tax.:
profits
iY——
of
that
Net
Earned
on
$2,789,389
692,236
'
866,889
$1,167,084
-
'
U. S.
Government
U. S.
Treasury
'
_L;
assets'(net)
Prepaid
Cash
6,273,352
YY '/
2418.
p.
proposal
•
the
Co.—Hearing Sept. 7—
561,698
849,689
charges
fund.
March
taxes,
Prov.
Provision
Store
Federal
for
managers'
taxes
on
capital
June
stock,
2,098,491
4,450,652
114,743
114.771
593,823
_
cumulative convertible preferred
stock
Common
562,950
:
.
...
9,216,100
927,162
228,334
5,598,548
stock
(par $1)—
Paid-in
surplus
Earned
surplus
Total
L-
—
Sales
at
—V.
160,
Common
5,524,754
1st
of
'
The
Co.
—
such
tive first
series, due
bonds, 3 72 %
mortgage
bonds of this issue.—V.
—
stock (par $20)
sinking fund bonds, due
1969,
against surrender
pref.
July 1,
1947
1943
Y
$1,337,750
of
buildings is 324,525 square feet, the balance being
of pulp wood, coal, sulphur and other mate¬
plant
for
the
storage
440,320
Provision
134,359
175,869
from
sales
_________
depreciation
for
$211,047
2,183,294
$2,672,856
$2,394,340
175,000
100,000
$2,497,856
(estimated)
taxes
through a claim of capital loss of $322,735 occasioned by the disposal
of
certain
timberlands and timber contracts.
This claim is under
19,158
183,248
$2,294,340
(net)
income
for
25,613
$414,111
charges
Provision
344,847
2,258,745
Other
•—
profit
paid
June
Balance.
_
30
Comparative
Assets—
-
,
Cash
U.
Treasury
S.
and
Notes
securities
receivable
accounts
Inventories
—
less reserves
assets,
Other
.
(net)—_
.
Liabilities—
accounts
and
Notes
Accrued
Federal
120.610
of
■...
1943
$2,537,825
1,421,728
919,706
861,614
$307,136
; > $254,483
$0.81
$0.06
returnable containers—
deposits on
surplus
Earned
—
—
$5,413,881
Total
158.
500,000
1,117,843
2,497,856
p.
893.
^
,
of
one
Aug.
record
of the
share
and
ccmpany
1944
each
stock there will be delivered one
330,482 additional shares will Y be
common
of
Each
share.
such
thereof ($1 per share) and paid-in surplus
will be charged with $330,4$^^-V.. 160, p. ,435.
company
The
Co.—Registers With SEC—
registration statement with the Securities
for 35,000 shares of cumulative preferred
has filed a
Exchange Commission
$100.
The dividend rate and offering-price to the public
will be filed by amendment.
Principal underwriters are Paine, Webber,
Jackson & Curtis and F. S. Moseley & Co., Chicago.
Proceeds will be added to the cash funds of the company to be avail¬
stock,
86.778
295,823
154,489
100,000
stock
Capital surplus
interest,
Taxes,
,
etc.
-
.
159,
share
common
1867.
p.
Y
1__
Net income
Earnings per
y
;
y Y Yy
New York Telephone
Y ;Y
Co.—Earnings—
1944—Month—1943
Period End. June 30—
$
Operating
$
-
$
21,554,925 133,006,846 125,179,307
43,321
170,320
'
267.274
22,482,370
13,469,587
revenue
oper.
1944—6 Mos.—1943
s
22,509,437
27,067
revenues
Operating
Operating
21,511,604 132,836,526 124,912,033
13,205,039
79,973,819
77,269,809
5,216,602
36,766,011 31,233,046
160,
2,915,267
for general
Y- .■/
■■
13,511,570
.
'
•
Corp.—To
Products
Redeem
Class A
<
y..
$91 per share, shortly thereafter raised its offer to $95
Second National Bank of Boston is depositary.
Sufficient
deposit to buy all stock at $95.
<
Verney-Brunswick Mills, Inc., which had indicated it would offer
excess
of $91
per share,
subsequently decided to make no offer.
has arranged a contract entitling it to purchase a portion of the
In
It
were
on
goods produced by Newmarket
'■
■•Y-y ■"::
gray
"1945.
As
of
for,..the period through Dec. 31,
yy.
' : - •
97.13% of Newmarket stock had been acquired by
Associates, Inc., of which Mr. Little is an officer, at the
Aug.
American
16.
purchase price of $95 a share.
It is understood that the offer will be
kept open for a few more days.
The offer was contingent upon
acceptance by holders of 95% of the stock to make the offer effective.
—V.
160.
435.
p.
Northeastern Water Co.—Preferred Dividends—
The
directors
on
Aug.
;
;
declared the usual quarterly dividend of $1
1
share on the $4 prior preferred stock and the regular semi-annual
of $1 per share on the $2 preferred stock, both payable
per
dividend
dividends,
Food
Share—
few
a
share.
1976.
1
W.
B.
to holders of record Aug. 15.
Maclndoe, Secretary, in connection
said:
r'
with the above-mentioned
....... I
or $3 non-cumulative
stock
preferred
cumulative
6%
of
upon exchange of
entitled to the
the exchange takes place.
stock will not be paid on
shares issued subsequent to June 30, 1944, through the conversion of
common
stock into $2 preferred stock or consolidation of scrip cer¬
tificates into whole shares."—V. 160,.,p. 227. \v
for Northeastern
shares
Valley Utilities Co.,
of Delaware
stock
preferred
said
Stock—
Acquired—Stockhold¬
at
company
per
funds
Sept.
National
16,409,178
Providence (R. I.) business men, headed by Royal
weeks ago offered to purchase stock of the above
of
group
which
the proceeds may
$4,865,606
16,096,696
13,700,295
3,089,963
Co.—Control
Mfg.
Offered $95 a
The
Little,
"Holders
,
2,729,008
2,620,562
Newmarket
p.
1.117,843
6,263,775
632.
p.
of
2,294,340
___
income—— Y
opcr.
income
—V.
par
corporate purposes.
Pending specific allocation, some
be used to carry additional receivables and inven¬
tories, to increase bank balances and to pay current liabilities.—V. 160,
able
500,000
revenues—
expenses
Operating taxes
y.-'■ !-■*■■■
has authorized the listing of 330,482
stock (par $1), upon official notice of
making the total number of shares ap¬
National Cylinder Gas
$266,334
123,210
539,147
317,695
of
holders
the
$4,865,606
50.000
Capital
—V.
additional
.
30-year
82.
1944
capitalized at the par value
$318,129
income (estimated)
450. (•*•.
p.
shares will be delivered on Sept. 12,
15, as a stock split-up, i. e., to
330,482
the
holder
62,153
payable
Notes
common
split-up,
392,987
to
—
expenses
Customers'
stock
•
payable
and State taxes on
a
660,964 shares.
additional
for,
The
290,602
„
payable
Dividends
of
shares
as
1,842,095
plied
525.927
451.510
102,001
.
above.—V. 159,
Stock Exchange
York
New
additional
issuance
$1,179,722
$5,413,881
total
p.
1,733,743
ers
The
—400,391
Kegs, cases and bottles (net)
Unexpired insurance, etc.
issue
$2,960,585
Corp.—Listing of Additional Stk.
Container
National
$1,394,818
855,204
370,735
709,962
17,402
plant and equipment (net).,
Property,
to
156,
.
,
1,563,368
-
desires
Co.—Earnings—
V'...;
See American Brake Shoe Co.,
1943
1944
*
,
company
Vice-President of the System with headquarters in
Metzman,
Net
Minority Stock¬
National Bearing Metals Co.—Offer to
June 30
Balance Sheet,
'
/
the
6 Months Ended June 30—
the Treasury Department.—V. 159, p. 2418.
review by
holders—
dividends
Cash
transaction,
Expenses
Net
Net
this
bonds in the principal amount of $400,000.—V.
Uncollect,
Earnings—For the seven years 1937-1943, average annual net profit
$171,000, or 3.67 times annual dividend requirements on the
46,540 shares preferred stock outstanding July 1, 1944.
In the year
1942
net
profit benefited by the elimination of excess profits tax
$1,029,642
418,820
profit
-
refinance
was
,
Selling, delivering, admin, and general expenses
iGross
refunding mortgage,
Revenues
plant, consisting of a pulp mill, a paper mill and a
plant, is located on Lake Superior at Munising in Alger County,
Substantially the entire site of 51 acres is in use.
Total floor
utilized
1944
6 Months Ended June 30—
$400,000 Refinancing
seeks to call for redemption on Nov. 1, 1944, $400,000
series "D" 4%% bonds at the call price
company
and
—V.
rials.
;
Files
Co.
(Including New York Dock Trade Facilities Corp.)
continuous .forms.
employing
Water
New York Dock
135,074 shs.
46,540shs.
$196,000
originally
machines
in
used
space
Minneapolis Brewing Co.—Earnings—
.
.
$1.25,
Chicago, has been - elected President, succeeding Frederick E. Wil¬
liamson, resigned.
Mr. Williamson, however,
will continue in an
advisory executive capacity for the remainder of the year.—V. 160, p. 631.
financing
ledger, mimeograph and certain specialty papers which
an individual customer's requirements, such as register
bond,
as
Mich.
629.
160. p.
year.
30,
New York Central RR.—New President—
made to fit
power
City Bank Farmers Trust Co. is now making delivery of defini-
of temporary
a dividend of $1.50 per share on
payable Sept. 30 to holders of record
with $1.25 paid on June 30 and $1.50 on
Payments in 1943 were as follows:
March 31,
and Sept. 30 and Dec. 31, $1.50 each—V. 160,
15 declared
$100.
105.
.
I,
of
Company's
Bonds
Definitive
5%
mtge.
are
Gas
par
Haven
Gustav
organized in 1902, was incorporated
under its present name under the laws of Ohio in 1920. The company's
principal executive offices are at 135 South La Salle St., Chicago.
Activities embrace the manufacture and sale of fine wrting papers,
1944—Month—1943
1944—7 Mos.—1943
$2,208,438 $20,358,112 $22,883,041
Consolidated
Michigan
•
1st
$5)
(par
Business—Company,
paper
-
stock
cumul.
5%
629.
p.
its
,
first
Capitalization Outstanding July 1, 1944
9,216,100
927,162
228,334
$2,650,463
retail——___
for
compared
increase
for authority to carry out a $400,000 refunding and refinanc¬
proposal.
•
;
v*.. *
'
;
The
Y
for the company.
July Sales Hose 20%—
Period End. July 31—
an
The company has applied to the Connecticut Public Utilities Com¬
ing
a
The sale of the stock does not constitute new
$22,002,659 $23,893,962
—
available
64,458,409,
1943,
mission
value,
par
no
New
of
14,427 shares of 5% cumulative preferred stock ($20 par)
was
recently offered at $18 a share by the Wisconsin
Co., Milwaukee, and Bacon, Whipple & Co., Chicago.
deposits, & deposits on
secur.
,
hours
as
14,
631.
Munising Paper Co.—Secondary Offering—A block
$1,672,833
888,481
77,052
100,000
100,000
'
income
leases
Reserves
5%
100,000
bond deductions
renegotiation settlement.-.
distrib. to employees (pension plan)
war
cn
for
1944,
Aug.
Plan—
;
dividend of 50 cents per share on the
payable Sept. 1 to holders of record
Aug. 21.
Distributions of $1 each were made on July 26 and Dec. 23,
1943; none since.—V. 160, p. 630.
declared
directors have
The
547,469
538.941
$2,020,310
1,065,189
70,832
& sundry exps.
royalties
rents,
kilowatt
12,
ended
compares
this
31,
$1.50;
P.
2%%
payable
S.
U.
of
Aug.
week
Aug.
on
stock,
This
8.
To
Due
below production of 101,320,000
ago.—V. 160, p. 631,
year
a
Association—Output Up 3.81%—
ended
the
for
directors
capital
Sept.
to
Munsingwcar, Inc.—Smaller Distribution—
$22,002,659 $23,893,962
Employees'
above
New England Telephone & Telegraph Co.—$1.50 Div.
,
Liabilities—
Accrued
0.28%
Comparable figure for the week ended Aug. 5, 1944, was 62,309,477,
an
increase
of
1.16%
over
the
corresponding
week
last
year.—
V. 160, p. 631.
Electric
(Mont.)
Butte
789,927 f
795,107
2,310,466
2,794,655
preferred stock retirement
Accounts
or
6,458,160
...
Total
week
62,090,513
3.81%.
7 as a deadline for requests for a hearing on
spend $3,345,600 on the open market purchase
& Power Co
bonds.
Company assumed
Butte's 5%
first mortgage gold bonds in 1912.
Since July 1 it has
purchased $228,000 of the
bonds at from 118%%
to 119%%
of
principal amount.
A total of $2,788,000 of the Butte bonds remain
outstanding.—V. 160, p. 630.
- ■ *y Sy YY'yA: w ' Y
;'
of
•
200.000
3,150,000
835,797
i
and deferred
expenses
in
week
number
reports
the
for
with
has set Sept.
company's
1943
;
1,303,274
_L_.
Investments
Fixed
,
1,698,244
2,020,000
at cost———_
__.______.i_.
.....
159,
Montana Power
$8,573,833
notes
receivable
Association
The
A* k<
1944
$6,196,009
securities,
tax
June 30
.
•
hand
on
Inventories
.
Sheet,
: •
Ca^h in banks and
Accounts
Balance
Consolidated
the corresponding
in
territory
15 announced that about Sept. 1 it will begin
of DDT, powerful insecticide chemically known as
production
The SEC
•'
ft.
New England Power
$1.08
deducting $3,780 post-war refund in 1944 and $96,321 in 1943.
?
This is an increase of 36,445 kwh.,
.
$1,230,264
$1.01
,_
Assets—
/
12,836,988 kwh.
Electric Association—Output—
11, this Association reports electric output
decrease of 5,049,000 cu. ft., or 4.99%
a
dichloro-diphenyl-trichlorethane and principally used by the armed
forces, at its John F. Queeny plant at St. Louis, Mo.
> The
company is making only the basic chemical,
which, for effec¬
tive use against insect life, must be dispersed as a spray or a dusting
formulation.
It
was
indicated plant capacity will be considerably
;
*After
week ended Aug.
production of 12,800,543 kwh. for the corresponding week a year ago.
Gas output for. the Aug. 11 week is reported at 96,271,000 cu. ft:
cu.
The company on Aug.
:
volume
737,021
:
,
England Gas &
the
a
——————
share
For
of
The
of DDT—
23,699
tax.
common
New
-y
Monsanto Chemical Co.—To Start Volume Production
i
22,288
-.
34,011
income
.
company,
expanded.—V.
-
.*>
•
the company will call for
the Carondelet Branch first mortgage bonds,
the St. Louis City Real Estate renewal mortgage bonds and the third
mortgage bonds of the Missouri Pacific Ry. Co.—V. 160, p. 630.
bonds
$1,938,116
income
Missouri.
of
recent Court order,
a
731
1, $140,500 principal amount of bonds of the Pacific
The bonds include the first and second mortgage
payment on Sept.
26,875
62,559
~
income
income
•Excess
with
accordance
-
profit on real estate operations.;
Miscellaneous
Normal
In
> * <■ /
1944 •
- 1943
_Y_ $25,597,569 $27,435,727
——Y—
18,710,788
19.413,517
sales
Cost
Missouri Pacific RR.—To Gall Bonds—
(& Subs.)—^Earnings—
Shoe Corp.
6 Months Ended June 30—
Net
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
160
vnp3«0f
$2 preferred stock will be
dividend on said class of stock when
"The above dividend on the $2 preferred
above
Minnesota Utilities
!
Co.—Would Sell Properties—
The
company,
class
beneficial
stock
A
Payment
certificates.
trust
159, p.
deposited
the
in
interests
voting
certificates.—V.
Sept. 15, 1944,
1356.
of
;
Northern States Power
National Gypsum Co.
.
41,831,000
Cost
of
>'•••-
allowances
&
returns
goods sold, excl.
deplet.,.
Prov.
deplet., deamortization
for
&
prec.
"
-v-
7,718.459
'.,1 ■■
,U,V:,^.Y • Y:
:■
.254,201
243,745
486,639
464,237
9,263,675
'"'A
$2,317,665
$2,402,596
712,188
739,345
1,424,222
1,435,735
$4,676,614
Other
$552,605
$893,443
$966,861
108,466
61,537
passengers
when
June
income
$576,080
$614,142
______
184,344 Y
159,283
$1,126,144
$1,077,787
accts._
7,035
16,357
13,507
20,036
54,517
taxes
44,465
215,200
for
Inc.
&
doubt.
263,200
419,500
109.765
29,916
28.605
524,200
$263,375
$163,517
$442,658
$0.14
$0.26
$0.22
expenses
prof,
exc.
95,493
51,174
48,528
debt
Sundry
the record broken
—V.
_'Y
profit
Net
Earns,
per
159.
p.
com.
share-
the Pacific Northwest and
in June totaled $517,000,
revenue
in July,
\
into Winnipeg,
and that was
.
carried on Northwest Airlines planes during July totaled
pounds, an increase of 48,583 pounds over the same month in
R. Erickson, Manager of the NWA air mail and express
express
152 913
F.
1943,
department, announces.
Air express pound miles for the month totaled
93,049,535.
Air mail flown by Northwest Airlines between Chicago, the
Cities and Pacific Northwest and into Winnipeg, Canada, totaled
-
418,220
$260,852
$0.14
pounds*
and
mail
air
Erickson said.—V. 160,
p.
pound
miles totaled
Period End. June 30—
Operating
Uncollect,
•'
revenue
oper.
Co.—Earnings—
1944—6 Mos.—1943
$4,437,651 $27,765,958 $25,922,675
4,079
24,382
29,830
1944—Month—1943
$4,705,667
5,403
revenues
392,148,525, Mr.
632.
Northwestern Bell Telephone
—
.
and
Cities
Passenger
Twin
Int. & expense on fund.
Prov.
a
Twin
Canada.
Air
income
Total
highest monthly mark in the history of the company,
President and General Manager, announced recently.
during the month totaled 16,961, an increase over
total of 15,170 used NWA planes on flights between
Hunter,
Croil
Revenue
.
,
Inc.—Record Passenger Revenue—
Airlines
Chicago,
$1,291,950
exp.
Aug. 12, 1944,
kwh. for the
of 3.6%.—V. 160, p. 632.
monthly record for p&ssenger revenue was reached by North¬
during July, when passenger business totaled approxi¬
new
west
„
$1,179,802
Sell., admin. & gen.
Co. (Del.)—Weekly Output-
mately $570,000,
'J'w-•
v':>'
4,261,368
4,904,780
Northwest Airlines,
-.-v
$5,797,063 $12,066,979 $10,585,292
and
deprec.
amortization
-
1944—6 Mos.—-1943
"••.... ^v-• *
*/■.!.
-*■
$6,338,783
;>■
,
(
of this company for the week ended
kwh., as compared with 40,396,000
corresponding week last year, an increase
(& Subs.)—Earnings—
1944—3 Mos.—1943
Period End. June 30—
Ofoss"stiles less discts,
Approval for
output
Electric
,*■
totaled
Tonnage-
two shipping companies to acquire new tonnage, in
accordance with provisions of the Merchant Marine Act of 1936, was
announced on Aug, 10 by the United States Maritime Commission,
:
The
Mississippi Shipping Co., Inc., will acquire three C-3 type
cocmbination passenger and cargo vessels now under construction by
the
Ingalls Shipbuilding Corp., Pascagoula,
Miss.
The ships will
replace vessels requisitioned for title by the War Shipping Administra¬
tion and will be operated between United States Gulf ports and the
East Coast of South America.
'
,
,
,Waterman Steamship Corp. was given permission to purchase five
C-2 type dry cargo ships which are being built for the Commission
by the GuJf Shipbuilding Corp., Mobile, Ala.
These ships are intended
to replace others lost by enemy action, and the Corporation plans to
operate them in foreign and domestic trade.
'Y
a construction-differential subsidy to assist in the building cost of
the three C-3 type vessels was approved by the Commission,
The
subsidy was set at, 50% of the net construction cost of each vessel,
'or the'amount of the difference between the estimated foreign cost and
the actual domestic cost- of construction as determined by the Com¬
mission. whichever is smaller.
A 33J/3% differential on the cost of
outfitting and equipping each vessel was also approved,
i,
In addition to allowing the construction differencials the Commission
agreed to accept for trade-in credit two Hog Island type passenger
and cargo ships acquired by the shipping company in 1929 from the
U. S. Shipping Board.
A sum of $68, per deadweight ton, or $513,604,
was allowed for each vessel.
The five C-2 ships are being sold to the Waterman Steamship Corp.
at full construction cost, less the cost of national defense features.
It is estimated that each vessel being built for the Waterman Corp.
will cost $2,700,000.
The corporation will make a down payment of
'12%%'"of the purchase price and pav the balance to the Maritime
Commission in 20 instalments,—V. 128, p, 4333.
_t;' '
-
on
shares
represented by
the redemption
price ($20 per share plus accrued dividend at the rate of 5% per
annum from
May 1, 1944 to Sept. 15, 1944) is payable at the office
of the transfer agent, Baltimore National Bank, Baltimore and Light
Sts., Baltimore, Md., on Sept. 15, 1944, on surrender of voting trust
a
Mississippi Shipping Co., Inc.—To Increase
f
redemption
for
called
have
voting trustees
the
all
subsidiary of American Utilities Service Corp., has
asked permission of the SEC
to sell its electric and steam heating
properties to Northern States Power Co. for $625,000 in cash, plus
adjustments.
Following the sale, Minnesota will liquidate and dis¬
solve.
The sale is in furtherance of American's program to cease to be
a holding company under the Holding Company Act.
The funds received by American upon the liquidation, together with
other funds as may be required, will be used to retire $700,000 of its
collateral trust 6% bonds, series A.—V. 157, p. 555.
The
1976.
.
.
National Public Service Corp.—Sale
Adjourned—
under indenture dated Feb. 1,
1928. intends to adjourn from Aug. 17, 1944 to Aug. 28, 1944, at the
auction block of Adrian H.
Muller & Son, auctioneers, Jersey City,
The
New
York
Trust
Co.,
as
trustee
N.
J,, the sale at public auction of 712,411 shares
of
Jersey Central Power & Light
v.
■«.
.'.Y.;
V-
Co.—V. 160, p.
*••':.
'
•!'!• *.
1
y
•'
i
v
of the common stock
570.
.v.
f
t
':."i
\
j
•.
' •./
Operating
Operating
Operating
Net
—V.
"
4
oper.
160.
?:
K'
___
taxes
P.
v
■.
$4,700,264
3,113,523
1,036,360
$4,433,572 $27,741,576 $25,892,845
2,896,304
960,922
121.
\
$550,376
$576,346
508,816
income——
income
Net
t:
revenues—
expenses
515,643
18,498,106
5,899,179
17.038,539*
5,426,130
$3,344,291
2,998,949
$3,428,176
3,030,794
Ogden Corp.—Granted Extension—- . *.
The corporation and its subsidiaries were granted a year's exten¬
sion of time by SEC in which to comply with provisions of Holding
j^Ogderf reported
St.
Co.,
In
Laclede
5
Ohio Edison Co.—Plans
'
Refinancing
would bear an Interest rate of not more than
3%% and the new stock a rate of not more thani fYxA.
•
Commonwealth & Southern Corp., parent, of
to Ohio's common stock equity by transferring to it all of theoutThe new 3-year bonds
stock—110,000
shares of Pennsylvania Power Co. s common
at $4,516,521,
It would also surrender foi cancellation
$6 preferred stock and make a capital contribu¬
tion of the 12,134 shares of $6.60, $7 and $7 20 preferred stock trans¬
ferred to Ohio for cancellation on Dec, 31, 1943.—V. 160, p. 667,
etanding
valued
ishares
1162 shares of Ohio's
Co.—To Offer Stock With Warrants
To Buy Barrel of Whisky Yearly-j (, ;
.';
?•' Warrants for the yearly purchase of a barrel of whisky will accom¬
pany
the 5,000 shares of $100 par value non-participating noncumulative preferred stock registered with the Securities and Exchange
Commission by the company.
The stock will be offered at $110 petOld Star Distilling
$5 per share
at $120 pep
$250,000 dis¬
barrels of grain in eight hours, and a
preferred stock has an annual dividend rate of
end may be called for redemption after Jan. 1,1950,
share.
With the proceeds the company plans to erect a
The
tillery capable of mashing
500
10,000-barrel storehouse.
-
Sales -of
*
'
other operations
1
1943
1944 ■,'/',
-
and
merchandise
and
products
from
enues
*
(& Subs.)-—Earnings—
Pacific Coast Co.
6 Mos. Efided June 30—-
•
J
*
.
■*'
rev-
$2,812,558
:
$3,515,334
_
operating expenses, deprec.,
Cost of goods sold,
j y.
/' 2,398,675
2,992,467
36,232
Prov. for contingencies and post-war adjust—
75,000
■Federal taxes—normal and surtax______—...___.147,000
'53,362
,100,000
170,815
:
50,467
deplet. and taxes '
Bond
other
and
•Excess
profits
___
(net>__
interest
taxes__..___.
Profit
V.
surplus for period
160, p. 331.
_
:
1
'
" •
.
6,067
-
$142;i56
Cr9,830
$151,986
$148,640
Dr8,926
$139,714
1—
other adjustments
in
Increase
<
1
_
Surplus and
2,000
5,011.
■■>/••
_______
Minority share Pacific Coast Cement Corp
'
;
;
$4,473,282
1,075,417
216,730
831.458
86,661
$5,428,277
$3,728,485
$5.70
$3.60
——-
Stock
'Earnings per common share
the
"For
,
ended
months
12
—
June
Gross
Sell.,
'
Condensed
Sheet, June
Balance
1943—3 Mos.—1944
mechanical
NOTE—-For
possible
to
reasons
position
possible.
as
1,451,585
1,422,118
$559,666
$629,542
$1,460,125
$1,538,850
(net)-
income
1
21,549
-
13,892
38,384
$581,215
$643,434
$1,498,510
99,948
248,760
213,498
•
207,748
Pacific Lighting Corp.
12 Mos. End. June 30—
(& Subs.)—Earnings—
'
1942
1943
1944
expenses
1941
29,179,862
Taxes
25,628,125
stock
taxes...-
Prov. for Federal
;
12,011,365
11,572,422
1
Net
Earned
Cr8,104
share..
per
Provision
and
/
of
289,608
389,718
$532,890
$530,350
369,000
369,000
369,000
369.000
$0.70
$0.70
$1.44
$1.44
-
-
tax,
160,
6,870,469
6,531,139
•Provision for retirement,
y'
A
dividend
of
accumulations
'
'
Net
>9,116,175
._
$8,922,801
1,568,082
$9,732,806
$9,253,488
1,488,285
income
1,614,407
"
Int.
funded
on
Other
Int.
debt
interest
15,579
&
dlsct.
19,632'
16,707
22,604
constr.—Cr
chgd. to
Bond
1,671,145
20,541
21,356
cents
50
the
on
payable Sept.
share has been declared on account of
preferred stock, series A. no par
per
cumulative
$7
disbursed
were
to holders of record
15
March
on
and
15
following distributions were made:
/
expense
■:V
!: 55,677
It
The
will
for the liquidation of Old Dominion Gas & Electric Corp.
by the Securities and Exchange Commission Sept. 6.
plan
considered
be
—See also V.
....
160, p. 668,
.
Peoples Drug: Stores, Iiic.—July Sales Lower—
—V. 160, p. 331.
'
Pet Milk Co.
The
/shares
*
stock
4J/4%
of
the
issued
between Pet and Van Camp
*
At
•
on
$7,959,814
$7,358,553
$7,807,133
.1,337,782
1,344,648
Common
divs.
interest
Div.
of
of
div.
Pacific
-Earnings
com.
Ltg;
119
121
:
.
I- I?
108
l.QOO.OOO
1,000,000
1,000,000
.1,000,000
,
_
Corp.
4,825,893
4,825,893
-4,735,893
-4,825,893
$796,544
share
$194,757
$636,473
$827,717
'///■•,/
■'■/ : ■ v ///V,;//:•;••:'/■!
'$3.50
$3.12/,
$3.40
;'// $3.51
on
stock
"Includes other income of $324,900 in 1944;
1942.
119
■
of
stk.
surplus
to
per
common
In
and $262,853 in
$313,955 in 1943; $282,335
1941.
V.
159,
•
:
i
properties
Liabilities—$5
937,924;
to
;
in
stack
common
committee
annually
Operating
$10,614,870
revenues
Uncollect,
oper.
.
the extent necessary,
6,399,582
43,618,528
2,375,091
12,212,979
160.
,
37,831,601
11,834,934
income-
$1,051,498
$1/130,650
$6,330,226
$7,113,699
___—±
1,712.408
3,438,184
10,073,775
9,896,505
income
When
•
Broadway
/Paramount
solidated
financial
accounts of
•
-
(
share
per
3,752.136
:
bined
/
undistributed
6 Months En^ed June 30—
,
Aug.
on
taxes,
deficit
6 Months Ended June 30—
2,953
—
■
$2,357
.
accrued
Gross
Income
from
(300
preferred
"
,
--
"
1944
$91,290;
.
prepaid
;
franchise
taxes,
par),
$76,710;
$49,761;
earned
shares at
stock
preferred
paid
paid-in
surplus
Nov,
27.
surplus,
$100),
1942,
$1,115,700;
arising
(net),- $40,140;
cost), Dr$15,600;
—V. 158, p. 895.
(par
from
total,
$1,415,615
7,365
/
-
:
contingencies
dividends
per
reduction
on
$116,369.
-
1944
•refunds of $83,370 and
.
.
4.976
in
1943
certificates
of
reserve
5,898.000
160,
on
hand
and demand
doubtful
J.
and
notice
A
4.9%,
or
its
'
subsidiaries
the
for
to 125,529,000 kwh., an increase
the corresponding week in 1943.—
over
'
('•r-.'---:'1
of
.
*
.
A'I-J
-
'shortly.
appeal in opposition to confirmation of the reorganiza¬
been
it
is
'company
and that
announced
Palmer
Mr.
a
by Archibald
filed
was
distribution
of
Aug.
that
contends
substantially
Palmer,
11.
$6,335,000
in
excess
to
is
representing
the present
of working
cash
position
capital
:
/
;
bondholders
to
made
of
group
a
;
be
of
the
requirements
larger distribution should be made to bondholders.—V. 160,
228..
,
.
Philco
91,000
$1.40
Corp., Philadelphia—Quarterly Earnings—
1944—3 Mos.—1943
Period End. June 30—
"Net
income
Earnings
"After
and
estimated
after provision
.stepped up
an
$1,907,710
$1,526,232
$1.39
and
$1.11
-
State
income
and
excess
profits taxes
for adjustment and renegotiation of war contracts.
production
Note—War
.
Federal
1944—6 Mos.—1943
/
$0.69
$0.70
share___
»
$946,326
$961,384
—______
per
during
additional 10%>.
the April-June
v
:
.
*
this year
quarter
.v
-
.
:
;
was
-
$1.68
To Pay
.
The
'on
'
v
deposits, $707,207; U. S. Treasury
notes and accounts receivable
$36,000),
$1,434,092;
Dividend of 20 Cents—
directors
the
common
Aug.
of
and
company
approved by the United States District Court in Philadelphia
20 has
cash
A
130,000
after deducting post-war
accounts
kwh.,
the
668.
p.
-I; :r...t
tion plan
2,897
$450,000;
notes
*
for
1944, amounted
12,
Philadelphia & Reading: Coal & Iron Co.—Appeal Filed
;
1,056,034
$93,179, respectively.
indebtedness,
for
'*!
output
Aug.
V.
9,781
$375,189
Consolidated Balance Sheet, June 30, 1944
*
Assets—Cash
(less
$1,149,213
electric
ended
of
V/'7
$1,573,902
91,000
share_______
and
the
cents per share on
Philadelphia Electric Co.—Weekly Output—
The
5,200,897
/ 578,063
/ ' -.68,750
■__
common
"$1,047,800 in
dividend of' 20 cents pt?r
Sept., 8 to holders of record
share was paid on Dec. 6, last year.
payable
2676.
p.
>'bondholders,
$323,843"
i;
dividends
both
$1,
par
An extra of 25 cents per
,—V.. 159,
.
68,750 '
income
the common stock of Van Camp
stock of the company, on the
preferred
second
Camp.—V. 160, p. 122,. -/
stock,
Aug. 24.
33,576
-
115,000
/
—
exchanging
persons
cumulative
1/75,000 of such shares and dividends for each share common
$1,540,326
964.430
~
treasury preferred
£>r$l, 155,731;
for
Earnings"
com¬
partial liquidating dividend
taxes
Common
provision for Federal income taxefc,
stock
Net
—i__
and excess profits taxes^_
income
income
Preferred
$635;
1
1,500
The directors on Aug, 16 declared an extra
and the usual quarterly dividend of, 35
•July
$7,319,286
19,865
;
charges
Provision
.
taxes, $389;
cumulative
($1
1943
the
share
:
•
•
.
$1,395,750
?
operations
income
/"Federal
$24,444; claims for refund of Federal income
interest,
Liabilities—Accrued
capital,
'
sales
__i__
^
$7,302,327
'Cost of goods sold—.I—-.-^—.-^./-/—^—5,284,405
Selling; warehouse and. admin, exps
-'-•••• 622,173
$2,921
total, $116,369.
stock
'
•
/Net
Balance Sheet, June 30, 1944
of
-
thereon equal to the
(Chas.) Pfizer & Co.—Extra Distribution—
;
>
Parkersburg- Rig & Reel Co. (& Sub.)—^Earnings—'
;
$32
2,648
——
Assets—Cash in banks,
-
/
.
.
a
stock
preferred
the
to
4lA%
'common
37'/2 cents
share on the common stock, par $2.50, payable Sept. 1 to hQldejs
of record Aug. 21.
A similar distribution was made on March 1 and
(June 1/ this year, and in each quarter during 1943.—V. 159, p. 2236,
1943
1944
*'■-•.■••
—IIZ—"
etc,„-
,
1%
Distribution—
Income" credits
$290
stock
of
partially frowned
In the. 1943 quarter, y
declared a quarterly dividend of
8
1944, or becomes less
result of such liabilities or contingencies,-.
entitled to retain shares of the V/4% cumu¬
as
Shall be
accrued
stock of Van
r
charges,
per
•State
$5,000;
all
1944,
if-any, of
basis of
•J
Income
mon
ferred
/for
and
31,
reserved by it and/or the dividends de¬
amount of such decrease. ;The
shares of -V/t'%" cumulative second pre¬
stock and dividends declared and accrued'thereom shall be dis-
end
-tributed
interest
a
second
Balance,
con-,*
^Including in the 1944 six months' period $1,536,000 share of undis¬
tributed earnings of partially owned non-consolidated* subsidiaries-, as
against $1,374,000 in the like period of 1943.—V. 159, p. 2640. r
directors
Dec.
clared
v
earnings
for
the. quarter
subsidiaries, as against $673,000
non-consolidated
Profit
and
tAfter
shares,
correct to the near¬
Camp, the exchange to be made
share, with scrip ceitificates issued in lieu of fractional
the 4VaVc cumulative second preferred stock
the dividends declared thereon are to be held.until;Dec.'31, 194$,
lative
,
common
second
the. Pet Milk Co.
of
including estimated provision for all Federal normal and excess profits
taxes.r
ilncludes
in 1 the
1944
quarter $693,000 representing. Para-*
mount's direct and indirect net interest as a stockholder in the >com-
f
ex¬
the
each
and common
cumulative second preferred stock for
1,500 shares of
before
.
p.
Paepcke Corp.—Earnings-
Expenses,
the
of 4!4 %
•
as'security against liabilities or" contingencies, not reflected in the bal¬
ance sheet at Feb. 29, 1944.
In the event that the net worth of Van
/
Months—Ended—
July 1, '44
July 3, '43
July 1, '44
July 3, '4?
t$4,081,000- t$3,827,000 J$7,895,000. §$7,387,000
$1.09
', / r $1.02
y
$2.10 > ?;.
$1,9.7
earnings
"On
accounts
included in
be
the company,
the
.
with the merger,
'I
stock of Pet will be
stock of Van Camp on
Camp,is less at March 31, 1944, than at Feb. 29,
3-Months Ended—
Period
"Earns,
thereafter
will
Corp.
completed
been
^
preferred stock of Van Camp, and one share of
preferred stock for each 4.6904 shares of the com¬
the
of
preferred
the
shore
eighth of
and
Comparative Earnings Statement
/
•tNet
have
transactions
these
331.
p.
est
;.•■?//•/,/f- ■'///.///a/'tV /'■
effecting a net interest saving.
.
The
-
130,200
155,000
21,600
.
oper.
for
one
shares.
1950.
The proceeds of v this borrowing, >
to be loaned by the company to its wholly- ?.,
are
/,?'':*?:////<•!?/ /-
preferred
cumulative
stock of Van
mon
$9,905,323 $62,161,733 $56,780,234
___.
taxes
changed
by Pet,
second
paid
4!/4
basis of
to
2012.
Operating revenues__ $10,587,370
Operating expenses
7,357,025
Operating taxes——
_
2,178,847
-Net
The
of. the company >
~
,
$9,926,923 $62,316,733 $56,910,434
27,500
revenue
1945
authorizing . 30,000 shares
used in
proposed
and
assumed
f
week
1944—6 Mos;—1943
-
directors
of
Parker Rust-Proof Co.—37V2-Cent
Co.—Earnings—
11944—Month—1943
the board
of
'J
(par $100), to be
plus $100,000 of expenses of Van Camp in connection
14, all
on Aug.
'
'
Pacific Telephone & Telegraph
'
'
/
subsidiary. Paramount Broadway Corp (which see), for;,the
purpose of redeeming first mortgage sinking fund loan certificates on
-the
Paramount 'Theatre
and -Office
Building, New York,•. thereby
'
stock, $20,000,000; common stock. $29,stock of subsidiary, $22,287,350; minority
and, surplus of • subsidiary; $1,472;- funded
capital
Period End. June 30—
—V.
•»
•/owned
franchises,
and
preferred
preferred
the
-share
.
V■ 2012.
Net
be
10
i $1,000,000
debt, $45,920,000; accounts payable, $2,858,093; accrued interest on
funded debt,
$271,388; taxes accrued and payable, $15,014,972; divi'"dends payable, $581,509; customers' deposits, $688,091; reserves, $86,398,183;
earned
surplus, - $19,845,749;
total, $243,804,731.—V.
159,
Net
*
authorized the borrowing of $6,000,000,'currently under nego¬
tiation with'three banks, to be evidenced by unsecured notes maturing
'j
;
j
Sheet, June 80, 1911
Balance
-charges, $2,478,600; total, $243,804,731.
,
•
Pictures, Inc.—Borrows $6,000,000—
The executive
Aug.
$212,956,970; investments
in securities, $4,414,286; cash, $11,983,753; U, 8. short-term securities,
$5,054,000; accounts and notes receivable, $4,963,896; gas storage -arid
deferments, i $566,823;
materials
and
supplies,
$1,386,405;
deferred
Assets—Plant,
:
•
1696.
p.-
;
Interest
"
*
•
«
,
place
in
Paramount
,
Consolidated
i
^
-
■
of Pet held on May 24,
agreement of merger was approved.- The holders
of Van Camp preferred and common stocks approved the merger May 24.
The properties to be acquired will be carried on the books of Pet at a
rvalue of $3,000,000, being the par value of the stock' issued therefor
except that Leonard H. Goldenson was elected Viceof Montague F. Gowthorpe, whose term expired.— /
year
President
minority
stock
on
Remainder
!
will
Certificates
the
incorporation as amended, and
second preferred stock
of
4 V4cumulative
cumulative
subsid.__
pref.
on
of
special meeting of the -board of directors held
a
! ensuing
1,346,361
Pacific Lighting Corp.
Cash
of
pref. stocks of
subsidiaries
/
tificate
/effecting the merger,
At the special meeting of the stockholders
)of the officers of the corporatino were. reelected to serve for the
$8,000,079
1,337,258
profit
Divs.
t
balance
1945.
'•
of directors of Pet Milk Co. approved
1944, the board
22,
proposed agreement of merger providing for the merger of Van
-Camp Milk Co., with and into the Pet Milk Co. as the surviving cor¬
poration in such merger, which included a re-statement of Pet's cer¬
the
*1944,
the
that
contemplated
•
.
April
.
of the agree¬
consummated on June 30,
Milk Co., pursuant to the terms
Van Camp
merger
1944.
On
r
second preferred stock• (par $100), which
in exchange for the preferred and commoh
cumulative
be
to
are
of
ment of
.."
.
authorized the listing of 29,000
Stock Exchange has
York
New
>
Listing of 4%% Cumulative Second
—
Preferred Stock—
shares
4
/. /
1944^-Month—1943
1944—7 Mos.—1943 '
-$2,841,641 $2,868,202 $19,402,976 $19,599,999
Period End. July 31—
•Sales
lot.
New Vice-President Elected—
'/
,
Net
is
by
made
be
June
..
Pennsylvania Gas & Electric Corp.—Hearing—
.
:
preferred
'called for "redemption on Feb. 15,
15,453
187,683
will
deemed
were
sums
49.
p.
Aug/31.
Like amounts
15, this year.
In 1943 the
March 15, 75 cents, and June 15,
'Sept. 15 and Dec/ 15, 50 cents each.-'-,.
•
•
•/.>•••.
:
After-payment of • the dividend just declared, arrearages will amount
to $93.25 per share.—V. 160, p. 470.
•value,
par
•
and $43,300 for post-war refqnd
set up as a reserve for con-
$32,100
which
.
-
profits tax for six-months'4 period-1943
excess
deducting
after
profits
tingencies.—V.
,
77,428
$258,310
^
for Federal
is
1944
excess
.
t
415,497
427,252
.
$258,027
income
shares / outstanding
No.
Paramount Broadway Corp.—To Call Certificates— •
corporation has called for redemption on Sept, 19,, 1944,. at
and accrued interest, $5,542,500 of its first mortgage sinking
fund loan certificates.
Determination of the certificates to be. re-
8.320,332
6,136,970
233,641;
-
excess
profits tax
The
23,134.466
7,330,871
___
27,241,450
16,201,196
Operating
30,363
'
$571/4 per share, with a commission of $1. The stock was
.offered by.Smith, Barney & Co.—V. 159,.p. 2236.
$61,828,105 $55,046,085 $52,985,173 $47,324,573
revenue
•;/
$1,569,213
and
inc.
*
•Gross
$2,960,969
117,793
Fed.
for
capital
cial
.
.
$2,911,710
697,481
profit
lrrcome
Prov.
?Paraffine Companies, Inc.—Special Offering—A spe¬
offering of 1,600 shares of common stock (no par)
was made on the New York Stock Exchange Aug. 16 at
:
$1,327,022
701,087
Depreciation
not always
it is
companies in exact alphabetical
are always as near alphabetical
1
arrange
1943—6 Mos.—1944
&
____
Total
stock (par $100), $14,371,500; mortgage
.bonds, series A, due serially Nov. 1, 1946, to Nov. 1, 1950, inclusive,
.$6,250,000; mortgage bonds, series B, due Nov. 1, 1960, $12,000,000;
mortgage bonds, series C, due Jan. 1, 1962, $9,250,000; serial notes,
■.series C and D, due serially Nov. 1, 1944, and Nov. 1, 1945, $2,500,000;
10-year 23A%
debentures, due June 15, 1953, $10,000,000; accounts
payable,
$625,305;
dividends declared (preferred stock),'; $201,201";
matured long-term debt, $94,781;
accrued taxes, $5,376,884; accrued
interest, $243,602; other current and accrued liabilities, $6,402; gas
service revenue impounded pursuant to court order, $13,082,347; de•ferred
liabilities.
$68,095;
reserve
for depreciation,
depletion and
amortization.
$18,886,061;
other reserves,
$1,208,147; surplus (re¬
stricted as to payment of common stock dividends in the amount of
:$6,246,270), $12,824,954; total, $127,239,279.—V. 160, p. 667.
1
However, they
^
surplus,
$1,260,753
general
expenses
.
order.
earned
:
•
Ford, Ltd., Inc. (& Sub.)—Earnings—
JVIiscell;
plant,
cumulative
$1,008,000;
Pennsylvania-Dixie Cement Corp.—Accrued Dividend
$101,261,905; Intangibles, representing gas sales
•and purchase contracts,
etc, (less reserve for amortization of gas
'sales and purchase contracts of $2,490,743), $1,118,305; other invest"ments, $304,708; cash, $3,100,155; special deposits, $1,547,193; tempo¬
rary cash investments, $3,340,000; accounts and-notes, receivable,
in¬
cluding $638,627 which will, when received, be impounded pursuant
to
court
order
(less reserve
for doubtful accounts of $113,173),
$2,455,977; material and supplies, $970,119;- cash impounded pursuant
to court order, $12,443,720; prepayments and other deferred charges,
$697,196; total, *$127,239,279.
"
' <
•
> •
1 •' - ' 4 '
:
Liabilities—Common
stock (810,000 shares, no par), $20,250,000;
>5.60%
&
operations
Gross
1944
30,
surplus,
total, $8,091,427—V. 159, p. 2640..
adver,,
admin,
,
Assets—Gas
$306,005;
,
profits & income
from
►
approximately equal to a reduc¬
Powfer Commission on Sept/23,
1942 have not been included in gas revenue.but have been -set aside
in a special deferred credit account.
The Ciricult Court of Appeals
-for the Eighth Circuit on June 6, 1944. after a review of the pro¬
ceedings, affirmed the rate reduction order of Federal Power Com¬
mission,
Application will be made to the United States Supreme
Court prior to Aug. 5. 1944, for a writ of certiorari,
;
Note—For purpose of comparison, the operations of Illinois Natural
Gasa Co. and of Michigan Gas Transmission Corp. (company acquired
Feb. 6
1942) are included in the 12 months' period ended June 30,
1943
and certain of the data for both periods have been restated in
other instances.
On March 3U 1943. the. company acquired all of .the
assets and assumed all of the liabilities of Illinois Natural Gas Co.
and Michigan Gas Transmission Corp.,
its only wholly-owned sub¬
sidiaries
and surrendered for cancellation and extinguishment the
capital stock of the former and the capital stock and indebtedness of
the latter.
The subsidiary companies were then dissolved.*
Net income of the company for the first six months of 1944 was
,$3,214,524, equal after .preferred dividends to $3.47 per share on the
810,000 shares of common stock outstanding.
capital
$182,000;
par),
Penick
$7,981,472 and $5,100,875, respectively,
tion in rates ordered by the Federal
1
payati
accrued Federal and.;?( ,te income
accrued, $42,374;
wages
Period End. June 30-r-
1943,' amounts of
and
1944
30.
($1
.
$2,213,304;
-
—
.
'
\ 1
-
$6,286,964
income
Net
gallon will become effec¬
plus 50 cents per
full year of operation.
;
at cost
whisky
of
to a
detachable warrants entitling the purchaser
The non-cumulative
barrel
tive after the first
1,971,620
funded debt———
deductions (net)
on
924,850
1,821,022
1,340,000
interest
Other
$141,-
$1,054,708; other taxes accrued, $77,615; other acc'uals, $154,936;'notes payable—bank—(due in equal installments on July 31,
1945 and 1946), $375,000; reserve for contingencies, $537,986; $5.50
cumulative preferred stock (25,000 shares no par), $1,952,000; common
3,083,088
2,475,788
profits taxes
excess
profits tax,
excess
'
taxes,
-
taxes—
operating revenue
Net
Interest
would issue
seI1
new preferred, bor¬
notes and use $17,-
provide funds for the retirement cnmfrany#
30-year bonds and 180,000 shares of
$10,000,000 from banks on ZVi'/c instalment
$30,962,000
row
' '
—
company has
"
To
'Federal
salaries and
457,837
•
Federal taxes—
refunds of
post-war
total, $8,091,427.
Liabilities—Note payable—bank, $187,500; accounts
?>■
4,319,993
3,368,622
896,338
depletion & amortization-
deprec,;
income
^
,
6,055,968
761,076
—-
State, local and miscellaneous
"asked SEC approval of a refinancing program to
$52,446,000 of 4% bonds and 198,952 shares of $6 and $5 pre-
The
retire
for
Prov.
'-*-s—
$3,587,872;
570; property, plant and equipment (net), $1,740,434; deferred charges.
$30,251;
$21,184,756 $17,051,692
————
.
—
inventories,
:
1943
1944
———.—
Maintenance
Federal
Line Co.- -Earnings—
30—
.
revenues
gross
Operations
Gas &
itself of interest in Derby
Missouri Natural Gas Co.—V. 160, p. 667.
"Electric Corp, and
■
.♦Total
*r
r*Q«
has ,divested,
Ogden
addition,
& Light Co.
Power
12 Months Ended June
,
plan for Laclede Gas Light
The plan covers the.aissoj-
that a reorganization
has been approved,
Louis, Mo,,
of
lution
Panhandle Eastern Pipe
:
\ Monday, August 21, 1944 T
FINANCIAL CHRONICLE
THE COMMERCIAL &
732
26.
this
year.
on
In
1943,
,15 cents; June 12,
a
Aug.
stock,
14 declared
par
$3.
a
payable
dividend of 20 cents
Sept.
12
to
A similar distribution was made on March
holders
13
and
per
of
share
record
June
12,
the following dividends were paid:. March 12,
13 and Dec. 13, 20 cents each; and Dec, 27,
Sept.
year-end of 25 cents.—V. 160, p. 668.
(Continued
on page
♦
769)
'*r\
Volume
160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
733
rfd
A.J8
Stock and Bond Sales
DAILY
NOTICE—Cash and deferred delivery sales art
New York Stock Exchange
«»
WEEKLY
-
YEARLY
-
dlsrefarded In the day's range, unless they axe the only transactions of the day. No account Is taken of snoh sales m computing the range for the year.
.
United States Government Securities
the New York Stock Exchange
on
daily record of the transactions in Treasury* Home Owners' Loan and Federal Farm Mortgage Corporation coupon borlds on the New York
Below we furnish a
week.
Stock Exchange during the current
Figures after decimal point represent one or more 32d of a point.
Aug. 14
Aug. 13
Daily Record of U. S. Bond Prieea
Aug. 15
Aug. 16
[Close
|
100.9
100.9
100.9
1965-70—
—
Total sales in
100.10
100.9
100.10
100.11
13
$1,000 units
[Close
[ High
2 Vis, 1952-55
Total sales in $1,000 units
2 Vis, 1954-56
1 Low
3e, 1951-55
...
High
[High
Low
[ClOSe
[Close
•
Total sales in $1,000 units.
Total sales in $1,000 units
f High
^■■77
112.4
Total sales
5
1947
in $1,000
...
units—
Total sales
in $1,000 units
2s, March 1948-50—
106.12
4
—
105.12
-—(;
low
[ Close
Total sales In $1,000 units—.
1
Total sales in $1,000 units
[High
——/ Low
[Close
2s, Dec. 1948-50—
[High
Low
[Close
-J
Total sales in $1,000 units—
[ High
Total sales in $1,000 units
2s, June, 1949-51
111.15
[High
Low
\ Low
[Close
111.15
[Close
111.15
_•{
Total sales in $1,000 units.
—
[High
1
Total sales in $1,000 units
2s,
Low
if
Total sales in $1,000 units—
re
v.
...
—
fHigh
(Close
[Close
—
[High
j Low
March, 1950-1952
I
\
[High
f High
[Close
2s,
Total sales in $1,000 units—
Sept.,
{ Low
1950-1952—
[Close
'
[High
4 Low
Total sales
[Close
1948
2s, 1951-1953—
In $1,000 units
[High
100.21
100.22
——{ Low
100.21
100.22
100.21
100.22
Total sales to $1,000 units
>>;
[Close
Total sales in $1,000 units
106.31
\ High
-J Low
106.31
[Close
2%s, 1949-53
106.31
v-r:\
1951-55
28,
100.18
100.18
'
'
■
•■
Total sales in $1,000 units——
Total sales
2s
1953-55-
100.14
100.15
100.14
100.15
100.15
100.14
100.15
1
in $1,000 units.
[High
J Low
1
100.15
1
1952-1954
2s,
100.15
[High
{ Low
[Close
Low
[Close
5
100.18
Total sales In $1,000 units—......
[High
2%S, 1950-52
2
.—
[High
/ Low
[ Close
1
Total sales in $1,000 units
2%S, 1952-54
Close
Total sales in $1,000 units-.—.—..
1 Low
1945
High
f Low
t
.
2s,
Total sales In $1,000 units——
r
,
Is, Dec.^ 1949-1951
,
V
'■■■
Total sales In $1,000 units
—
\ Low
2%S, 1960-65
——\ Low
Toial sales in $1,000 units—
[Close
■;
1949-1951.
Sept.,
[Close
jHlgn
2%s, 1958-63.
2%S,
6
[ High
103.12
High
\ Low
Close
2%S.
3
Low
*•
—
[Close
Close
S
$1,000 units
^
100.18
[High
2s,
Low
100.18
100.18
100.14
*-_/
",.V
High
-i:
—
112.4
Total sales in $1,000 units
100.14
100.14
[High
■
1956-59
2Vis
Low
[Close
112.4
j Low
2y»s, 1955-60
2% 8, 1956-59
High
Low
■
[Close
$1,000 units
2%S, 1951-54
Low
■
[Close
;
2%3, 1948-51
*6%
Total sales in $1,000 units..—
•—] Low
Total sales in
100.9
.
[High
2%s, 1951-53
Low
Close
Total sales In $1,000 units—
2%8, 1945-47
100.9
4
Total sales in $1,000 units.
High
-v-; ,•>,■■■
100.9
Low
[Close
■■■■'
[Close
--!
Total sales In
1
.
\
2%S, 1967-72
Total sales in $1,000 units
38, 1946-48
100.10
.
[High
[High
j Low
3%s, 1949-52—
ioo;ii
100.10
[Close
2%s
—
(
..."
'
5
;
7High
{ LOW
;
Low
•.
100.10
...
100.7
'
[Close
3%s, 1946-49
100.10
100.7
Low
Total sales in $1,000 units——-—
[High
,
1
'
...
100.7
[Close
[Close
Total sales in $1,000 units
100.9
5
2%s, Dec., 1964-1969———<{
Low
Aug. 18
Aug. 17
[Close
[High
Total sales in $1,000 units———
3%«, 1946-56
Aug. 16
100.9
Total sales In $1,000 units.
[High
48, 1944-54
Aug. 15
100.9
Low
._■{
'
Total sales in $1,000 units.
Aug. 14
| High
Treasury
2Vis, June, 1964-1969
Low
4% s, 1947-52
Aug. 12
Dally Record of U,< 8. Bond Prices
Aug. IS
Aug. 17
f High
Treasury
15
| High
{ Low
—
[Close
[Close
Total sales in $1,000 units
Total sales in $1,000 units-*——
/High
f High
:•
1%S
■{ Low
2%s, 1956-58
Low
1948——
[Close
[Close
Total sales in $1,000 units—
Total sales
—
in $1,000 units--.——-
("High
Home Owners
j LOW
2% s, 1962-67
Loan
[Close
High
Total sales in $1,000 units
2YaS,
Low
1%S, 1945-1947——
[High
\ Low
[Close
1963-1968—
Close
Total sales in $1,000 units
^Transaction
"Odd lot sales.
Total sales In $1,000 units—
of registered bond.
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
Saturday
Monday
Aug. 12
Aug. 14
$ per
S.per share
share
*61%
62%
*61%
11.2
63%
23%
39%
39%
63
64
64
'64
800
112
*112
114
*112
114
*112
114
110
58
*57
58
*57
57
57
10
65
9%
63 %
11%
42
12
12%
12%
12%
31
31
31
31
31
23%
22%
22%
39%
49
40
S3
*90
7%
6%
148
2%
6%
*143%
2%
30%
40
40%
93
*90
7
7%
40%
93
7%
*143% 149
148
2%
2%
30%
2%
*22
41%
*91
6%
*143%
2%
22%
41%
93
7%
149
2%
9%
*62
12%
*30 %
9%
10,500
63%
100
12%
5.200
*22%
41%
41%
7
*143%
2%
31%
31%
31%
31%
52%
52%
52
52%
53
53
53%
27
27%
27%
27%
27%
27%
27%
83
83
83
*82
83
footnotes
29%
see
*82
31
83
.
*82—- 83
,13%
13%
13%
147%
>15
148
16%
148%
16%
*15
29*%
29
29%
29%
14
148
*13%
*147
29%
13.300
*
53%
27 %
83
16%
20
2%
52%
*82
13%
4.300
149
31
,27
page 743.
*15
14
27%
*82
137/s
14
14%
148%
149%
149%
149%
16%
*15%
16%
*15%
29%
29%
29%
29%
32
14%
150
5.000
700
,
3.900
110
1.700
800
53
Acme
Steel Co—
Adams
Express
Air
.-
Reduction
6.600
.-1
..No Par
——10
—————
Corp—
—No
Inc.
64% Jun 23
Jun 12
60
July
——1
Chemical & Dye——No par
!
—i—5
-
Allied Mills Co Inc—*
.^.No par
52
9% Aug 3
July
41% Jan
57% Sep
10% Jan 27
26% Jan 31
19% Jan 6
13% July 12
31% Jun 16
24
Jun 27
7% Jan
25% Feb
14% Jan
38% Jan
13
Apr
32% July
21% Mar
July 15
124
2
Allied
Jan
64% July 17
.
Albany & Susquehanna RR
.-100
Allegheny Corp—
—1
5 % % pf A with $30 war-——100
$2.50 prior conv nreferred-No par
Allen Industries Inc
63% Mar
115% Sep
Nov
3
92% July
-
35%
8
43
No par
100
51% Jan
108
Jan
37% May 18
Alghny Lud Stl Corp—*
Alleg & West Ry 6 % gtd-
7
$ per share
8% Aug
75
par
Highest
t per share
114
Jan 24
Alabama & Vicksburg Ry——100
Alaska Juneau Gold Mln——10
Allied Kid Co
16%
31
Motors. Co——2.50
25
ACF-Brill
Address-Mutigr Corp—
14.700
7%
109% Jan 17
Year 1943
Lowest
$ per share
52% Feb 21
v
47
Adams-Millls
93
52%
27
———100
preferred-—-
$ per share
Abraham & Straus.———No par
200
22%
♦91
4%
-
No par
Abbott Laboratories
600
31
30%
31%
54
27
For
9%
63%
*30%
54
29%
9
64
*22%
30%
149
8%
*62%
12
2%
*15
8%
64
23
*143V'2
*13%
8%
*62%
31
2%
2%
*147
8%
57%
Par
Shares
*57
145%
145
62%
share
Range since January 1 ;
Lowest
Highest
v
EXCHANGE
the Week
112
*89
7
C%
62%
$ per
Range for Previous
NEW YORK STOCK
Sales for
Friday
Aug. 18
58
23
93
*39
62%
$ per share
11%
31
*22%
61%
t per shart
*39%
12 V's
12%
*30 y2
t per share
STOCKS
Thursday
Aug. 17
*63
9
8%
Aug. 16
112
112
58
*63
62%
Wednesday
*56
8%
112
*56
Tuesday
Aug. 15
Jan 13
5% Apr
18
Jan
3
Mar 29
23% Jan
3
37
Jan
4
24% Apr 19
70
Jan 21
9% Jan
3
' Apr 26
13% Mar 18
141
29
Aug 1,5
3
7% July 13
161
3
34%
58%
Jun
3
July 14
July 14
July 14
29% July 5
85% Jun 13
14%/July
5
152% July 14
„
67
48% Jun
76% Sep
Jan
3% Jan
85
Jan
Jan
5% Jan
13
Jan
,
18% Jan
64
Jan
18% Jan
165
14% May
>10% Jan
35 V4 Mar 27
Apr
Dec
July
Sep
Sep
31% July
75
May
11% Jun
July
7
Jan
140% Jan
5
I6y2 Feb
7%
128%
3 V*
32V4
45%
t
37% Nov
RECORD
NEW YORK STOCK
"
SALE PRICES
Wednesday
LOW AND IIIGH
Monday
Aug:. 12
Tuesday
Aug. 14
Saturday
Aug. 15
5 per share
20 'A
♦101%
37? 8
115 Vi>
21'%
21 '2
3%
37a
*3%
3%
*39
104'%
104
104%
Cf277a
28',2
*28
42
107'/a
3.000
28'A
28'%
400
77%
22%
77
78%
4.700
American Airlines
22'%
22%
6,600
American
*65 Va
66 Va
*65 Va
67'%
17%
18 Va
173%
103%
28 Va
28 %
40
'
*28
28%
75%
75
75%
75%
76
76
22%
21%
92
21%
21%
*65%
66 Va
*17%
17%
21%
21%
66
64%
64%
17%
17%
17%
17%
44
44 '%
44%
44%
44%
'
'
44%
44%
44%
134
*131
134
*131
133
*131
105%
103%
*28
28%
*64%
12%
13
12%
12%
13 Va
13 Va
13%
13 '
12%
13
12 'A
90%
90
90%
90%
91%
91%
93
90 Va
90%
90%
90 '%
177%
177%
178
*177
IL
*7.4
117
17 Va
*103 %
103 >%
*24%
25 '%
17%
*103% 103%
*24%
25%
26%
26%
115%
r
14%
14%
14%
17%
17 Va
17 Va
y 173/8
173/4
American
Chicle
American
Colortype Co
American
Crystal Sugar
1033/4
103%
25%
*9%
25 %
25%
10
26
26
Amer
6.500
7
preferred
Distilling Co stamped
Encaustic
American
10
•200
Amer
26%
*25%
26'%
27
4
American
Amer &
5.800
43/a
Tiling
Export Lines Inc
Foreign Power
4%
4'A
4%
43/4
93
93
93
93
933/4
X92 %
93%
93%
94
2.200
93
93
92%
21%
21%
21%
21%
21%
22
22
22'/4
3.100
$7 2d preferred A—
21%
21%
21%
85
85
85
85
86'%
86i%
1.100
$6 preferred
35'A
35>%
1.200
American
Hawaiian SS
6 'A
27.400
American
Hide &
71%
8%
8%
*8%
9 Va
p
9
9
49%
49
49
18%
19
19
19%
91
91
90%
90%
16'%
16 Vs
15%
16%
:
9
9
*49
*22%
19%
91
91%
*913/4
92
92
16%
16 3/a
16 3/8
16%
10%
11
II
10%
223/a
126 V2
10%
23
11 Va
10%
22%
23
*122
37%
37
3%
3
37%
37
37
3
3
3Va\
51%
52
51%
51%
47
47%
46%
46%
xl5%
15%
15%
73 'A
73%
73%
17
17%
16
16
16
42%
43%
*147'%
150
54
16 Va
16
161/4
73
73%
73
73i%
17 »/4
7717V4
<1 74
173%
16%
17
17:
17
30
30
30
40%
157
47
'>
150
*
147 Va
23%
23%
24
23%
23%
47%
47%
47
125 %
*125
126
126
126
*125%
28%
28
28
28
28
27%
162%
162%. 162%
2534
26'/4
183/a
18'A
13'%
'24'4
24'%
48
k
27%
V
163%
163%
70%
*70%
71
70 %
70%
71
-
71
71%
71'/a
72
71%
71%
72
71%
72
71%
72
72'/a
72'A
72'/4
(
733/4
13
12%
13
44%
44%
45
45%
♦119%
120%
120%
*119%
9%
10%
98%
*97%
9
8%
5
55
*52
55
*119'/a
9%
9%
93/4
9%
102%
*98 Va
1003/4
8%
9 Va
8%
"
93
•
9
93%
5
54%
9%
51/4
26%
26
26 Vs
26
20%
26%
26%
26%
263/4
26%
31
31 'A
31
31%
31%
31%
31
32%
32%
33
27%
27
27
*27
*10%
51
6
90%
♦103%
90%
90%
90%
104%
104 %
*103
42%
42%
42%
11%
11%
11 %
*11%
12 Va
12
*
117
16%
11%
11 »/a
11%
11'%
11%
"
]13/2
12
11%
*11%
j
12
*115
117
*115
16%
17%
*115
117
17 »A
17
'
117
17'/a
;
-
Artloom
^
-
4,706
17%
1043/4
105
104%
105 3/a
104 Va
104%
101%
101%
101'/a
101 »/a
101
101%
*37%
38 3/4
38%
38%
*
105%
105 Va
66
66%
66%
95 %
•95%
*94%
39%
39%
39%
106%
*105'%
105%
105%
105%
105
66%
66%
66 3/a
95
95
66%
95
38 3 4
105
*105%
673/4
60%
67
67>/4
94%.
95
95
95
39%
39%
39%
40
40'/a'
-40
27%
*27 Va
28%
*27%
28%
*27%
61%
*61
.
,
..
95
"iQ
i
1%
•
*27%
28
*61%
63
31%
32%
♦112%
113
14%
14 %
*39
27%
28
63
32%
113
14%
•/
61%
31%
*61
61%
31%
31%
1123/4
14%
14%
112%
14%
112%
112
54%
54%
54%
54%
*54%
*58%
59%
*58%
59 %
*58 %
59
57%
*119%
121
*119%
120%
120%
•17
18
9%
120%
17%
10 Va
10
10 %
73
73
•71
74
5
4%
5%
55
*1123/4
14%
*543/4
14%
*54%
55
57%
5 8'A
121
1,200
*119%
32
x31'/4
31%
5,500
112'A
1123/4
110
14%
14%
112%
14%
55
*54%
573%
58%
121
10%
10
*70%
74
♦70
73
72%
73
73
4%
5
22'/a
23%
,
5
53/4
5
5%
•4%
160
Atlas
20
>70
73
Corp
1
preferred
3
9
conv
preferred
—
$5
No
Nichols
Austin
Jan
prior A
Corp of
Aviation
(The)
Del
5%
45,900
53'%
23'/4
23%
39,000
Baldwin Loco Works v t
8%
9 '/a
12,000
Baltimore & Ohio
Jan
70
May
5
May
<
Jan
2
Apr
Jun
66'%
9'% May
9'A Aug 10
5'A
Jan
7'/a
Jun 13
39'%
Jan
47
7%
50
20'%
93'%
16%
12%
,
Oct
17'% May
Nov
82'A
Sep
12'A
Jan
15'%
Jun
7%
July 12
July 1
July 5
Nov
68
Aug 18
Feb
10'/a
Jun
20'A
Jan
27'/a
Apr
II6V4
Jan
125'%
Nov
x26
3
Aug 18
Aug
Aug
Mar
Aug
Sep
Feb
Jan
36
Oct
4'A May
i®«
Jan
18%
Jan
48%
16'%
Jan
45'%
Oct
6Va
10
18
22
18
Jan
ll7/a
Jun
Oct
Oct
173
3
75
15'A
Jan
18
®ec
32Va Mar
36
Dec
8'%
Apr
May
477/a
Apr
144i%
Feb
161
Aug
35%
Jan
45
Apr
141'%
Oct
151'% Aug
19%
Jan
29% May
16
11% Mar
Dec
12
Jan
17'% July
17'%
Aug 17
July
Jan
12%
25
Jan
33
91
3
Jun
115
Jan
21%
Jan
1271/4
129'A July 7
31'% Jun 16
164
6
Feb
Jan
Aug
32%
Aug
158'A July
63% July
42'%
Jan
431%
Jan
65% July
129%
Jan
146% July
6%
July 14
75
Jan
Jan
32
115%
3%
49%
Sep
121'A Aug
Jan
53%
12% July
/
Jan
Jan
3
98% Aug 15
6VsJan
67'% Jan
3
Jan
3
9% Aug 14
94% Aug 17
6'/8 July 5
Feb 16
24% Jan 26
42%
Jan
54% Mar
24 3/a
Nov
317/a
•
54% July 26
28
July 6
33% July 17
24
Jan
29%
•-
16 Va
Jan
23'% July
1111%
Jan
87/a
Dec
14'%
Apr
l'A
Jan
31/8
Feb
34
Jan
47%
Sep
4
3
44
Jan
25
24
i-
42
Jan
4% Apr
74'% Jan
85
Jan
9
3
35'A Apr 18
8'% Jan
102
Jan
12'% Jan
90
Jan
85'% Jan
33
May 19
103»A
53'%
82
25%
Jan 19Jan -3 Jan 7
Jan
3 r
25
Feb 15
59'A Jun 7
24% Jan 14
107% Feb 18
11% Jan 3
53'A Jan
7
■>
52'A Apr 19
112
May 26
14'%Mar31
May 31
Mar 23 .
Mar 15
32%
113
15 '/a
56
May 17
July 6
Jun 29
Feb 24
Nov
7'A
•
116
Apr
Apr
Apr
Mar
6%
Sep
Jan
Jan
75
Sep
49
Jan
84
Dec
30
Jan
40%
Jun
6%
Jan
10%
Jun
Jan
.10 'A
Jun
Feb
110
92
Oct
6V4
Jan
15'%
72%
Jan
97'% July
59
Jan
Jun
943% July
29
Jan
39%
Oct
100
Jan
108'%
Nov
44% Jan
66
;24%
Jan
90'/a July
Nov
38
19
Jan
44
Jan
18%
Jan
106
677/s July
Mar
361/4
.68
May
Oct
Oct
28% May
1131/4
Sep
6%
Jan
13% May
Jan
57
Jun 12
52
Jan
120% Aug 14
18
July 31
113
Jan
62
66
Apr 19
3% Jan
3
18
24
Jan 25
793% July
50%
13'% May
84 V4 May
5% Aug
7
11
July 11
71% July 20
98
Jun 27
44
30
65
8% July
Jan
4%
13
2
18
Aug 18
39
108
Nov
Jan
3
119
Jan 7
46% Jun 28
3
13% Jun
4 / 116'% Aug
4 /
17% July
3
107
Aug
3 - 101% Aug
88%
3%
46
12'% July lo
28
9'A Feb 17
7;.
May
37%
57
Jun 16
6% July 5
94'% July 14
3
19
9
553/4
>
20
Jan
7
28% July 20
114
Jan
6 117% May 26
9% Jan 10 V
12
July 5
„2>/8 Jan 2
4'A Jun 24
par /;
No par
3
407/a
Jan
48
7J '
Jan
6'A Jan
par
par
Jan
84'% Jan 10
par
No par
Atlas Tack Corp
Apr
4'%
Jun
July
120'% July 11
10'A Aug 12
par
100
36Va
Jan
35
39% July 20
24'% Aug 14
Feb 11
56% Jan
No par
Powder
Jun
Feb
2%
July 10
43'% July 10
160
July 12
45
July 13
151
Apr 24
27% Mar 16
Jan 13
156
100
—-25
100
5
50
pref series A
78'%
30
18
18
22
18
31
26% May 17
—No par
Refining
conv
5%
200
—
preferred
non-cum
Atlantic
57%
1,200
preferred
Jan
18
July 17
18'A July 8
111
5%
6%
10%
preferred
1st
2d
Atlas
18
17%
10
'
par
preferred—,—
.—100
Atch Topeka & Santa Fe_.——100 5% preferred
100
Atlantic Coast Line RR
100
Atl G & W I S3 Lines
1
r
500
*17'%
17%
10%
7%
4,400
121
17%
-
Dry Goods
Assoc Investment Co
55
*119%
*10
5 Va
100
100
*17
4%
29
61'%
10%
*9%
2,800
*61
173/4
*17
8,700
!
'
'40'A
61%
31%
32 Va
110
^
67%
95
500
\
106'%
•
39%
6%
710
'
39
Jan
180
'
3
—100
—1
100
100
preferred
26
4%
3'/a
54
49%
12%
20
5
No par
Corp
Corp.,
Associated
290
V
:
Constable
Arnold
300
}
800
5.
•'
May
87%
37'A
38
3
—100
No
9
Jan
Jan
16% July
No par
Co
Jan
7
46 Ve
69'% July
,_5
preferred
86 conv prior
1% preferred
Armstrong Cork
2,900
38%
101
4%
44
^
No
Co of Illinois
&
Armour
106
44
43 Va
*11%
1,000
♦103
106
4334
1%
Apr
Jan
Jan
12.50
Mldl'd
Daniels
29'A May
Jan
16% Jan
No par
20
--,-5
Inc.,
10
10 Va
15
par
No
Mining
Copper
Archer
13,600
104%
104%
38
*17%
*103
v
6'A
91'%
101%
104%
101
*37 Va
*119%
;
6»%
91
Andes
APW Paper Co
1,300
*37 Va
104%
14%
44
200
52'%
Cable
Jun
Jan
Nov
54
—1
$5 div preferred
| 800
,
Aug
Aug
Jun
Aug
4'A
Jan
6%
2 2'A
154
29
,—25
,—50
conv
Anchor Hock Glass Corp
10
91%
63/4
91
Wire 81
85 prior
'
*100%
*112%
6
V
Anaconda
•!
'
10%
r 4
x52 'A
53
*11
17%
17
17
38
32%
42%
117
-*115
101
*61%
53
4.
Amer Zinc Lead & Smelt
800
1%
(
Aug 14
39% May
—100
Anaconda
>
Dec
25 '/a Juiy 18
147
Mar 8
22'AJun 10
No par
No
590
•'
'
105
*27%
52
4
No
Elec
&
Woolen
preferred
Copper Mining
■
115'%
10%
10%
12
105
105%
*3%
11%
♦100
*37%
*10'/a
4 Va
•
27
115'%
'
16%
16%
10%
91
27
27
116
105%
*103
42%
*11
12 %
♦115
90%
104
42%
27
*115
/
6%
6
0%
*103
*11%
116%
51 p
90%
*11%
v
*33/4
51
*90
43
*115
v
4%
6
0 Vs
6
*10%
11
*50%
51
50%
51
6
*3%
27
116
'
116
*10Va
4%
4
4%
27
*115
27
*115
10%
10%
11
4%
116
*115
116
*115
*26%
Wks
1st preferred
21,900
27 Va
31
Corp
Preferred
100
30%
,4
$6
American
4,900
26
Foundries Inc
Viscose
preferred
Water
Am
:3,800
54'%
*49
54'/a
54 Vs
116% Apr 26
100
90
'
Dec
100
preferred
5%
15,700
Jun
42'%
July 11
152% July 6
13% Jun 19
49
Jun 28
6%
34,600
4
9
5'%
5V4
5V4
*49
10
Feb
104'%
57% Jan
3
139
Jan
7
87/a Jan 3
39% Apr 19
100
98%
7V 8%
X89
1
1193/a
*97%
'
94%
94'A
5%
*49
>
52
1201/2
*98%
<
5
52
120%
119%
18%
Jan
25
American
2,500
Dec
—.25
—100
10
14
Amer Type
10,200
-
Jan
;Tobacco
950
13%
*119 Va
.
11% May
6%
13%
97'%
17% July 10
75'% July 13
36'% Jan
100
Teleg Co
May 26
112% May
3
par
100
No
116'% July
Feb
/Common class B
American
1,000
46'%
94%
*4%
I
13%
46
9
93%
5Va
4%
5
*
94%
92%
92%
91%
*52
13% :
463/4
98%
9
9%
13 Va
46 Va
10
9%
98 %
93%
9
13
46
Refining^..
Apr
Nov
125'% Aug
3
100
No
,
22
147
No par
/
Co
Tobacco.,
Amer Telep &
3,000
1481/4
13
45%
120%"
-*119Va
10
9%
*97%
147'%
148 '/4
148
13
45%
*12%
44%
148
148
148
148
148%
148
147%
12%
Sumatra
Am
900
10.300
72%
70%
147%
400
'
VVVf
Stove
American Sugar
Preferred
1,900
28
71
American
«
15
Jan
1—No par
Ataerican Stores—
800
-
126 '/a
28
1633,4
16 3 %
163%
48
126'/a
126%
27 'A
,48Tv'
700
'
Jun
July
13% Jan
7
13'% Feb 21
25
Steel Foundries
Amer
8,500
; v,
Feb
26'A Jan
i_100
preferred
24%
96
4
12
12'/8 Jan
62'% Jan
—100
non-cum
80
76'% Aug 18
9% July 7
4
163
par
American Snuff
300
?
••••
45'%
Jan
6'A
44'A
75'%
,4. 7%
Jan 21
Jun
6
44% Feb 21
40 t Feb 14
9
Jan
3
No par
No par
Smelting & Refg,
6%
24»A
25%-
1263/4
27%
Amer
Jan
Nov
18'A
37% July 17
2
18.50
No
Co
//Preferred
240
150
47%
'
127
162%
163
A
433%
43i%
*147 >%
18%
47>/a
162%
Seating
Ship Building Co,,
6,200
;•/
24 'A
25V4
24%
*18
18%
24%
162%
Safety Razor
American
*
42
157
157
150
423/i
47
411/4
41
156 V4
40%
18%
46%
American
Amer
91% July
185'% July
59'%
Aug 18
July 10
Mar 8
53'% Jan 11
4% Aug 17
10% July 7
29
Mar 22
5% Mar 16
102
Jun 5
25 Va Apr 5
90'% Jun 5
32
25
100
preferred
conv
Jan
105
115'A Feb 18
No pur
100
4'%%
470
157
Rad & Stand
9'A May
Jan
107
19
8% Jan
par
San'y
1,600
29%
*16%
24%
47
No
Preferred
1,100
16%
29%
17%
18%
*46 %
preferred
:
Aug
Nov
71'%
168
15
80'% Jan
4
14% Feb 29
20
3%
Apr
134
18
40
Jan 10
14% Feb
4
par
preferred
Am
.--'•760
23%
*27%'
6% Jan
No par
No par
Light
American Rolling Mill—
6,300
'l
o 7#
*147%
18%
No
Co
$6
20
*176
153/4
*176
18%
*124
v
179
179%
15%
40
24%
24 Va
News
Power &
Apr
Jan
43% July
24'A
120
5
101'% Feb 7
25
Apr 19
2'A Mar 6
8
Apr 25
23
Jan 26
3
Jun
5
68
Jan 10
15% Jan 10
59
Jan
8
33
Jan
127%
9%
Jan
115'% July 24
Mar 10
14
43%
27%
82'% July 20
27% July 15
108'% Feb 18
10'4 Jan
47
Sep
42% July 14
108'AJan 20
P
8%
July 10
183
5
33% Apr 18
68% Jan
4
23
Jan 26 *
100
—
$5
96,000
12%
12%
12%
12%
12%
180
29%
43
170'% Jan
'
157
150
Metais
&
preferred
Amer
7,400
*
preferred,—
American
9,200
48%
40%"
*18
190
16%
*42%
24%
24%
24%
24%
150
j
16,000
47'/a
*163/4
157
8
82
-
par
51%
'I
*147%
43%
*42%
*147%
No
47%
29%
40
156%
157
156%
157
29
40 %
40%
40%
40%
Metals Co Ltd
6%
52%
16
16
29%;
29
29
29
157
Amer
50
47 V4
15%
17%
Nov
par
52 'A
'
16
No
47%
12%
7*
7 6 */4
*16%
61
No par
Mach
52%
*176
15%
15%
74
17
*16'%
Mach & Fdy: Co
Amer
46%
180
*176
15%
Jan
100
700
3'%
3
•./■
3
Dec
par
Amer
v
38
38
37%
No
Locomotive.—
1.400
127
18%
50
preferred
conv
American
76'A July
Jan
1
2.400
>
51%
-
12%
12 Va
12
180
*1233%
126
111
Co of
Invest
:■!%
223%
22%
23%
*22%
*123%' 126%
5%
r
20
Corp
2,700
16 3/a
ll'/4
*123%
American
40.400
923%
16%
47%
11%
20'%
16 Va
52%
180
V
493%
90%
47%
11%
:
20 '/a
*49
49%
16%
52
185
20 'A
*49
Internat
Amer
400
9 Va
*8>%
9%
preferred
6% non-cum
700
1
1.200
9
Jan
3'% Jan
3
50 ?/4 39% Mar 31
1
65
Mar 27
No par
4
Jan 10
100
61
Jan 19
No par
7'/8Apr 25
Ice
American
Oct
Jun
2% July
52
1
Products,
31'%
78% Aug 18
23'% July 6
68'% July 18
19% Jun 27
45
Aug 18
132
Jan 4
May 12
14
July 12
Mar 14:. 95'% July 13
10
Co
Leather
Jan
34
No par
No par
preferred
conv
American Home
15.000
7%
76 >%
8%
90%
3%
11%
73/a
75%
73/a
83/4
19%
49%
19
3
*177
1.300
74
preferred
fi°lc
V 100
72
Va
*8
*49
3%
3
9
*8%
19%
37%
*36%
37%
*36'/a
443/4
71
$7
./
•
49%
•
124
124
7%
73%
*8%
19
22%
22%
23
127
7%
8%
8%
44 3/4
72 3%
72
72
72
5%
45
*41
71%
♦49
11 Va
10%
10%
*10%
*124 V4
5%
7
7
6%
71 Va
8%
8%
8V2
8>%
72
71%
7
71
71
353/4
5 3/4
45
*41%
72
71
6%
7
*6%
♦70
44
71%
71%
71
71
*41
44
*41
45
*41
35%
5%
5%
5%
"/•' 5%
21%
X85
35%
*35
35%
35
6
5%
6
5%
*83
35%
35%
35
35
86
*83
85
*82'%
4%
4%
4%
4%
4%
4%
4%
Sep
Jan
13'%
„
86'%
No par
1
No par
No par
European Sees
*9%
600
10
10
100
20
1
1st
10
*9%
1
2.300
4%
43%
4%
4%
10
26%
♦26
*9%
90
6%
25%
25'%
4%
4%
4'/a
4%
9%
*103 V4
103'%
25
25
24%
4%
9%
103% 103%
103%
15
23%
Va
14
13
Jan
No par
470
i
14%
17%"Jan
28
Sep
Dec
Jan
100
4.000
116%
14%
17
July
23
—No par
preferred
43 'A
x67
100
Cable Inc
&
conv
97
Jan
31'% Jan 14
par
preferred
'2.800
118
118
116%
116% 117'A
5%
10
No
Fdy
Car &
non-cum
16'%
Jan
110% July 17
,100
Chain
Am
3.100
115'%
14%
♦103%
26%
•'
27'A
*114%
27
26%
*114
7%
Jan
73%
26'/a
Mar 29
25
Can
American
1.400
115%
100
1
Preferred
5.400
82'%
17 Va
4%
*26
41'A
82
26%-
117%
17%
26%
*26
40%
81%
14%
10
*9%
41
80 Va
'
4
4
40%
17
14%
'
17
40%
*114
115%
118
14
14
*13%
177
177
177 3%
177
180
80%
—No par
„
American
1.300
80 Va
50
—_—1
Corp
Shoe Co
preferred
Amer Cable & Radio Corp
83.400
93
39%-
26%
26%
176%
1763/4
'
81
*113-
114
118
118
*117.
80'/a
114
.116
*113
39%
80%
26%
26%
■
26 '%
26'A
40
80%-
80 '%
177%
39%
177%
39%
-
40
40
Bosch
Brake
6'A
7
5
5
May 17
58
Aug 25
16
Apr 25
60
Jan 14
7% Jan
3
' 37'A Jan 14
126'% Apr 12
82
10
preferred
6%
Am
t per share
26
iG
inc
5JA%
135
13%
17% Apr 19
2
Jan
4
28'% Jan 12
!
par
Bank Note
American
2.700
45
*131%
135
*131%
■
Agricultural Chemical-No par
Amer
30
Corp—No
Petroleum
Amerada
2.300
18
45
44%
44%
135
*131%
preferred
6% conv
28%
103
17*4
21%
GO
Amalgam Leather Co Inc
10534
42
17%
20%
*63'%
8.100
4
100
104
103%
3%
41%
40
100
No par
1
50
preferred
conv
*39%
41%
75%
75
74^4
>
4
3%
♦40
*39
41%
104 »%
M0V<
4
3%
4%
Alpha Portland Cem
Highest
$ per share
share
July 10
22
33% Apr 24
105
Apr 19
par
per
103
July
40% July
118
July
23% Jun
4
July
41'% July
3
96'AJan
100
No
Mfg
t
14'% Jan 27
No par
Corp
1.200
22%
22 «/4
22%
Stores
preferred—
5%
Allis-Cbalmers
900
115
115
316
22
Allied
500
9.200
39
t per share
Par
11.700
20%
101%
38'/a
38%
37%
*114
22
21%
21%
3%
3%
21%
-20'A
■
102
Lowest
Lowest
Shares
share
1013/4
20 3%
20
101%
38
116%
37%
•115
21%
*21%
19%
101%
38
116
♦115
115%
♦115
19%
102
37%
37%
37%
37 '/a
114*8
*101%
102
101%
90 Va
T07/„
20%
20%
101 '%
20
101'%
I per
I per share
$ per snare
share
$ per
share
$ per
Year 1943
Range since January 1
Highest
STOCK
EXCHANGE
the Week
Aug. 18
Aug. 17
Aug. 16
Range for Previous
STOCKS
YORK
NEW
for
Sales
Friday
Thursday
Monday, August 21, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
734
8
9
8
Sep
68% July
123
Jun
16
Dec
73%
Jan
2%
Jan
"r 9% Aug
28%
Jan
85'A Aug
3% Nov
6%
Apr
B
22
22'A
22
8%
8%
9
22%
9
22'%
22'A
8%
8%
8 'A
9
16'A
16'A
16'A
16 5 8
16'%
16%
16'%
16 Va
*11V4
11%
11%
11%
H'%
11'%
11'%
11%
65'%
65'%
64
65
23%
24
24
23%
*16'%
16%
16%
17
*493%
50
50
50
xl5Va
16%
16'A
15%
29
*
35%
35%
♦106'%
107
*9%
10
35'%
*34%
117
*115
15%
29
15'%
15%
*28
16 Vs
29
35%
35%
107
9Va
*34%
♦115
107
10
36
117
23 Va
24
24
17
17
17
*50'%
16
*63'%
64
64
,
*50'%
52'%
16
16'/a
153%
*115
36
; 117
34%
*115
13,000
11%
600
17%
*64
24 Va
17%
17%
*513/4
531%
16%
15%
35%
*34%
17%
11%
17
30
9%
17
12
53
35%
*107
17%
237/a
*34Va
•
,
24'%
*29
10
17
*11%
9 Va
64i%
15'%
107
8Va
24
24
29
9%
23Va
64'%
15%
107
.
64%
29
*343/2
..
107%
16 'A
15%
*291%
35%
107
9%
9%
34%
*34'A
117
*1153%
*51
16'%
161%
1071%
10
35'%
117
24%
700
173%
-
16%
15%
15%
35%
*107
9%
-
107'%
*34'A
353%
117
<
12
.12
12
*11%
12'A
*H7/B
12
121/8
100
11%
11%
U%
11%
11%
11 Va
11'/a
11%
11%
12'A
39 V4
40
39%
40
40
40'A
401%
41
41'A
41'%
411%
41%
•
For
footnotes tee-page 743.
>
10%
Jan
20'%
Dec
5
3%
Jan
10
Apr
5
6
Jan
14%
Apr
5Y4
Aug 17
3
10'A July
4%
9% Jan
3
Bangor
9'A Jan
3
13 Va July 20
4
66
preferred
& Aroostook
Conv
5 %
preferred
Barber Asphalt Corp,.;
53%%
Bath
<
Iron
Bayuk
Oil
Works
$4.25
Beech
Creek
RR
Beech-Nut Packing Co
Aircraft
Bell
5,700
Bendix
Corp
Aviation
4
Jan
24
50
July
May 23
5
18% Mar 17
14% Aug
9
18% Mar 15
15
31V8 July 10
May 22
357/a Aug
2
1053% Jun
24
108'% Feb
28
7% Jun
Corp
Belding-Hemingway
4,800
Jan
18
8
11% Jan
3
31
preferred—,
Aircraft
24
25'% Feb
Corp„
Inc.
Creamery
Beech
26% Jan
15% May 15
Co
Cigars
Beatrice
Jan
3
12
preferred—
Barnsdall
60
21% Apr 25
July
Jun
43
Barker Brothers
100
V-
24
18 7%
400
12'%
11%
100
4.800
-
117
12
11'A
4,000
A 500
400
.
101%
12
*11%
30
6,300
30
*35%
i
2.700
54
30
15%
30
35%
190
65
Apr
5% Jan
;
31
Jan
111V4 Jun
11
12
35% July 11
117
Feb 15
13
July
6
10 Va Jan
3
10% Apr
25
15% Jan
33% Jan
13
42% July 13
;
11
Jan
12'%
Apr
34%
Jan,
63'A
Dec
12
Feb
28'A July
Jan
15%
5%
'47
Sep
Sep
30
Jan
121/a
Jan
19'A July
Jan
20% Mar
13%
23 Va
Jan
24%
Jan
105 »/a
Dec
7'A Nov
25%
Jan
93
Jan
x29
May
33% July
*110
14%
Sep
Sep
33 Va July
114
Aug
11% July
9'/a
Dec
9y0
Nov
20'% Mar
Nov
397/a
33
Apr
Volume
FINANCIAL CHRONICLE
THE COMMERCIAL &
-Number 4309
160
F
*
Monday
Aug. 1!!
Aug. 14
Wednesday
Tuesday
Aug. 15
S per share
*19
19 y8
*56
58
39%
39 Yt
38%
*38%
39
18%
19%
19%
19%
18%
62
62%
61'%
62
125 %
124
*9"%
16%
*13%
19%
19%
63
62%
63%
124%
*123%
125 %
123%
123%
123%
48%
48%
49%
49%
22%
22%
10%
48%
22 %
22%
22 %
22%
22%
10%
10
10 %
9%
10%
10%
10%
18%
*18
18%
19
19
19
14
94%
94%
"
52
*41
*52%
53
*52%
54
*41
42
*41
42
*41
*113
115
*112%
114%
32%
32%
X32%
32%
32%
32%
391/4
38%
39 Va
38%
38%
5%
"5 %
*39
*5
5%
*40
41%
18
18%
*51%
52%
■
"37%
*451/4
47%
*48
49%
21
19%
*51%
11%
11%
-
54
54
*54
••
55 >
41%
42
33'
33Va
40%
5%
5%
5%
41%
41 y2
5%
41%
V-19%
20% e
20%"
53%
*5iy2
21%
llVa
12
37%
46%
46%
*48%
49%
47%
*46
47%
*48
49%
*48
49%
•
21%
21%
21%
*47
21%
•
•//
•
21 •
>
5Q'•
400
:
211/4
•
3,300
21,100
200
*
48
> 49%
*48%- 49%
21
42 •
20%
53y»
• 11%
>39% >' 41%
471/2
*46'/8
v
-
.
37%' / 387/» ><'•
21%
21
21%
' -
-
52%..44" *51%
12,
: •
/>li%
12 v
38
*45%
■'
33y8
41%
5ya
40%
19%
37%
37%
42%
33%
;
41%
U%
377/a
'>
*51%
53%"
37%
•
191/4
.
-
*114% 115
39'%
-
>42%
y v
32%
.-•
•
-
115
*112%
39%
*
6,000
900
100
;;
70
900
300
3,300
4,000
500
600
/
40,600
:
100
;
..,
94%
>
200
170
50%
94
"
12
37%
52%
11%
531/4
*11%
19
*50V4
*5%
/' 41%
18%
18%
50%
94%
41%
5%
*5%
*40
41%
*41
39
>
.
15u
50 %
114%
32%
>
•
14%
...
-■
-
17%
94%
42
♦112%
115
114%
14%
.->14%
•>
105 '
*100
54
*52%
42
51%
-'17%
18
105
■
19%
'
50
i7 94%
95
10%
*19
94%
50
49%
49 %
*94%
106
14%'.14%
14%
14%
50
94%
>
14%
50
50
*17
*100
17%
17%
*100
106
*100
106
*18
18%
17%
18%
17%
i
.i?
/
22%
*
*
123%
48%
48%
*100
14
50
*94%
19%
18%
106
3,100
5,900
300
900
2,000
6,300
19%
62%
10%
16%
*100
1,200
19
22%
"
•
2,300
100
.
"
5,600
S per
Far
>
39%
:
62%
48%
10%
19
39
19
"••'■
48%
22%
20
56%
*54
1
39
22%
48'
*18
*123%
124
19%
56%
'
*47%
471/2
22%
.
39
20
*54
38%
61%
19%
621/4
19%
56 %
38%
39
61%
*124
20
*54
56
56
56%
443/4
10%
'
•
•
10 3/4
187
119%
103/4
693/4
693/4
69%
693/4
10%
10%
10% '■■10%
10%
193/4
19%
193/4
19%
19%
18%
18%
*18%
18%
*38
393/4
X31 %
*1073/4
48
11
11
*293/4
3 3/8
14%
"14%
14%
4
<
2
126 J% July 10
37% Feb
24
'16% Jan
3
22% Aug 17
3
11% July
5
6ya
4
20% July
5
13%
181% Aug 14
9%
Jan
7% Jan
10%
10%
10%
30%
303/4
14% Mar 14
3%
*3%
3%
14%
14%
14%
15'/4
15 >
153/a
*82
22
*29%
29%
29%
29%
*54
55
*54
1
1%
81
Jan
56 % May
96% July
Jan
51
July
17
Jan
35
Dec
22%
Jan
30
Oct
26% Jan
39
July
33% Jan
8
29%
29%
29%
A
V 29%
55
55
29%
1
-
;/ V
3,700
.
1,200
"
i.074 uau
J
34% Jan
3% Jan
4,400
63/4
6%
6%
6%
6%
6%
6%
6%
6V4
6%
6%
19%
19%
19%
19%
•19%
20%
20%
20%
20%
21
20%
21* >■
3
29
29
29 '
29 %
29%
29%
29%
30
30%
30%
30%
4,900
*41'/a
42
4iy8
4iya
3
•40% Feb
11%
11%
11%
11%
7
-
-9
*8%
10%
49
f
,
*49y2
30
420
111 %
110%
111%
111%
111%
*111%
3iy4
31%
31%
31%
31%
31%
313/4
313/4
500
31%
5%
5%
5%
5%
5%
5%
*5%
5%
1,200
5%
*5%
51/2
36%
5%
36%
'36%
*149
151
50%
50%
X50%
35%
35%
35%
35%
50 %
50%
•
122
101
100%
101%
122
122
120%
18
■18
21%
y
18%
/
22 %
22
•'
35%
35%
357/a
102%
102%
*102%
*120%
121 >
18%
A
18%
4%
4%
4%
4%
112%
111%
111%
112%
10%
10%
10%
25%
25%
25%
*10%
25%
34%
6%
6%
99%
99
1
*26%
*111%
*39 '
11611
*116
11632
341/2
19%
19%
8% Nov
12%
41% Aug 18
20%
Jan
30 Va
Jan
14
50
33
Jan
44
37%
Jan
27
27
13
46%
6%
23%
23%
26
6%
100
*19%
19%
27
27
27%
112%
.
112
*39 %
*39% ■41%
^
6%
6%
*19%
19%
27%
27%
*111%
41
*39%
27%
6%
5,490
19%
"
28
111%
41%
413/4
42.
•■ ••
1,200
Chicago Great West RR
23
23%
23%
23%
233/a
26
25%
25%
25%
25%
25%
26%
10,800
62%
63%
9,400
18
18
18%
2,000
19%
19 %
19%
19%
19%
19%
19%
20
20
19%
'19%
20JA
1,400
*45%
47 Ye
*46 %
47i/a
*45%
47%
47%
47%
47%
47%
54
54
*54
54%
*54
54%
54%
60
*53%
*16%
16%
Xl6%
16%
16%
17%
600
*16%
16%
16%
16%
*16%
16%
3%
3%
31/4
54
.<
16%
*16'/a
16%
16%
16%
16%
*16%
167/a
16%
16%
2%
3%
3
*26
28
28
28
91%
91%
91%
21
21
21
91%
*20%
3
3
*26
28
3%
27%
*26
92
92%
*20'/a
21
75
*106
106%
*106
76
77%
9%
9%
*9%
47%
*45%
46%
9%
9%
*45 y2
.
20%
106 %
106%
9%
46%"
46%
185
*113%
*42%
*107
185
*155
185
*155
185
88
88
*88
90
*88
90
114
*114
43%
94%
*52%
94%
33%
33%
33%
37
*36%
36%
37
148%
*133
135
*107%
'
114%
*114
44%
~50
*
60
44% -./•
1,100
114%
44
109
*109
109
/
94
*94
56%
*523/4
33%
34%
"20
56%
*52%
33%
32%
94
33%
36%
*148
36%
148%
•
36%
37%'
37
148%
*148
*148
136
*62%
63
63
63
63
63
62%
63
9Q
28%
29
28%
28%
29
29%
108
107%
107 3/a
9Q
107%
107%
135%
108
136
136
*135% 137%
33%
33%
34%
34%
34%
34%
x35
35%
112%
*112y»
112%
*112%
112%
*111
1113/4
136
120
2,500
*
,
35%.
111%
1081/4
J
1,600
353/4
30
1,000
19
18%
181/4
i8y4
18%
18%
18%
19%
19%
19
19
19
19%
440
18%
19%
19%
18%
19%
*19
21%
21%
21%
21%
21%
213/4
290
21%
*21%
20%
21%
21%
20
20
19%
19%
32 3/a
32%
18%
*18%
19%
19%
*19
20
*i8ya
18%
18%
31%
31%
31%
31%
31%
31%
31%
32
31%
31%
31%
31%
*31 y2
*31%
For
footnotes
see
page
743.
20
'
*18%
31%
x31%
32%
32
*31%
32
.
220
111%
19
*31%
32
*
:
»
160
2,600
300
Class
$4.25
Co
(The)
A
preferred—
Collins & Alkman
.
5%
1% Mar
6
6%
Dec
9%
*13% Nov
19%
42
Jun
July
conv
preferred
:
:
No par
100
No par
Colorado & Southern...
100
4%
non-cum 1st preferred—100
4% non-cum 2nd preferred—100
Columbia Br'd Sys Inc cl A
2.50
Clasa B_.
2.50
Colo Fuel & Iron Corp_
Apr
13%
Jan
27V4
Dec
19
29%
Jan
38
Mar
6%
Feb
11% May
•
36%
Jan
4%
6
Jan
40
Jan
*85
112% July 20*
4
Apr
7
12% July 12
10
Mar
Jan
47% July
9%
Apr
46% July
97% Dec
6
31% July
8
25%
Jan
31% May
5% July 10
39
Mar 16
3%
Jan
32%
Dec
5% Apr
39% Dec
127%
Apr 19
40% Jan
24
9
2
3
x20
3
20
'
_
.
Jan
40%
120%
8%
Jan
14%
July 11
4% July 5
16%
Jan
1%
Jan
97%
Jan
21
Sep
Apr
July
23%
Jun
3% Mar
111
Aug
3
Jan
18%
Jun
13
Jan
25
Dec
22
3
Jan
Mar 28
98
Mar
115
Sep
41
Apr
11% Jun
116
37% Jan
4
*33
Jan
Jun
27
3
Jan
9
110
32%
July 18
30
July
Jan
16% Nov
20% July 20
Jan
18
5
Jan
109
34
33% Jan
50
48
Mar
6
July
9% Mar 25
2%
Jan
9% May
7%
Jan
17 Va May
7% Mar 22
2%
Jan
25% Mar 22
10%
Jan
21%
Jan
16% Dec
Jan
22
7% May
Jun
29% July 12
65 Va July
13
18% Jun
27
21% July 12
6
1
54
36% Nov
48
Jan
13%
19% July 10
17 Va Jun 23
Dec
11%
Aug 15
3% May
,
15%
-
47% Aug 18
Jan
Dec
1
8
Apr
41% May
54
May
15% Apr
18
Jun
3% May
5
98% Jun 19
24%
Jan
32 Va
67%
Jan
85% July
25% July
3
10%
Jan
5
96%
Jan
27
Feb
63%
Dec
Jan
8%
Jun
30
5
107
July
Feb
77% Aug 16
10% Aug
2%
4
32% Nov
47% July 26
185
90
Jun 22
123
Mar
5
67
Feb
Jun
3
45%Jun 19
115% Jan
20
27
109
Jan
12
109%
Jan
28%
Jan
101% Jan
Apr
15% Aug
106
Sep
39% July
145
74%
Dec
Jun
116% Aug
42%
Dec
108% Dec
Aug 11
84
Jan
92%
Sep
53% July 22
50
Feb
54
Sep
38% Mar 15
33 Va
Nov
July 12
33 %
Jan
40
Sep
July
Oct
96
Jun 16
.
.
4
July
18% Mar 25
12
28
12
17
7
3
21
25
29
Dec
.
13% July 28
7
14% Apr 19
11% Jan 3
12V2 Jan 4
13
Jan 4
26 y4 Jan
4
Oct
46% July 10
4
4
6
2 ■/
72%
19% Apr
24
July
Jan
6
17
Jun
8%
3
7..
20
18
26
7%
99%
4
May 3
8% Nov
114% July 13
3
29
25% Jan
Jun
27% Jun 23
Feb 18
Apr 19 >
Jan 3
Jan 3
- 4% Jan
3
18 Jan 4
2IV2 Apr 25
5M/2 Apr 18
Apr
Feb
Feb
July
Jan
Mar
25% Apr
109% Feb
Dec
54 % July
Feb
16% Nov
July 11
23
52J/2Mar22
■
147
26%
112y4 July 19
15
Mar 20
-
11
44
5%
11%
92
Nov
96%
24
122% Mar 16
15% Jun 27
13
Jan
56% Mar
6% Jan
35% Feb
148 - Jan
76 Jan
111
Apr
37 '/2 Apr
106 Mar
Jan
40
102% Aug 16
Jan 31
No par
30%
No par - 34%
100
145
No par
ill
No par
59 %
No par
23 Vz
No par
103%
Colgate-Palmolive-Peet
•
*107%
<
Preferred
19
18%
•
Molybdenum
Climax
Coca-Cola
56
Jan
4
14% Jan
Graph Bronze Co (The) ——1
preferred
100
Clev & Pitts RR Co 7% gtd
50
Special gtd 4% stock
50
Cluett Peabody & Co
600
30% July
Jun
Jan
104
Clev
*
Jan
%
50% July 27
77% Feb
preferred
—100
City Investing Co
100
City Stores
5
Clark Equipment—
No par
O. C. C. & St. Louis Ry. Co
100
5% preferred
100
Clev El Ilium $4.50 pfd.
No par
2,300
37%
148%
22%
52%
51% July 14
16 Va Jan
38% Jan
47
Jan
13 Jan
14% May
' 1% Jan
24
May
6 V* %
3,200
34%
25 Va May
8
30% July
15% Feb 24
No par
City Ice & Fuel
•
34%'
50
5%
5 %
;
96
*52%
*1341/4
107%
107%
900
92
*112%
34%
113
*88
65
28%
28%
108%
*33%
*112%
1,700
185
95
56%
37
10
46%
*155
*93%
32%
148%
550
44
56%
36%
50
74
*148
*63
29%
29%
93
700
21
*107
43%
109
9,300
106%
135
135
63
*62%
109
93
*43
*107
7,000
230
148%
*145%
*145
43%
*52%
56
*52%
56
33%
114
*107
109
*92%
114
43
43
*42%
*107
109
*93
113%
113%
114
463/4
700
■'
28
92
*88
114
10
10
46%
„
94%
185
*155
89
*88
*155
*72%
75
74
9%
45%
20%
*106%
106%
76%
X94%
95
20%
20%
76
106%
28
28
93%
93
*54
300
.
Apr
Jan
5
21% July 10
4
40
Co
83 Va
28
7V4 July
3
:
No par
A
18% July
1% Jun
30% July
3
4
Jan
preferred—
50
Chicago & Northwest'n w i__No par
5% preferred wi
—100
Chicago Mail Order Co
5
Chicago Pneumat Tool
No par
$3 conv preferred
No par
Pr pf ($2.50) cum div
No par
Chicago Yellow Cab
No par
Chickasha Cotton Oil
-10
tChilds Co
No par
Chile Copper Co
i
25
Chrysler Corp
—
8
23
Jan
May
Oct
56% Mar
17% Apr 13
2,800
23%
Apr
7
23
6%
23 %
Nov
5%
8
108
Jan
27% Jan
15%
Class
29%
9%
16
4% Apr 19
57
May 1
\
153/4
-
Jan
2% Jan
,
24% July 12
18
110
Feb 19
30 y2 Feb 15
100
6%
1,200
20%
8
65% Nov
7'AJan 15
153/4
6
10% July
3% July
8% Apr 22
20% Apr 19
6%
6
49
Jan
16% July 10
107
15%
15%
75
Jan
5%
86 % July 10
Apr
Jun
Jan
Jan
Jan
Apr
* 2% Jan
Chesapeake & Ohio Ry
Chic & East 111 RR Co
6
8
31%
96%
113
11
17
1 19 y4
Chesapeake Corp of Va
15%
Jan
21%
v
July 10
600
5%
41
6
27
6% Feb 19
43 V4 Jan 4
No par
6%
6% May
12% July 12
31
Aug 17
Jun
72
52% Mar
May 13
1,600
16
6% July
-;:■•
54
12,900
6%
5
Jan
151
7%
5%
Jun
23/4
3
33
47%
15%
Oct
15%
18
4
7%
13% ;/
109%
Jan
27%> Jun
^——1
100
prior preferred
Jun
May
105
44]/4Jan 12
-
Products
Apr
9%
6
Jan
Apr
9
25
97
10 %
30
3
Jan
100
118% July
153/a Jun
Jan
Apr
July
July
'J. 10% Mar
3
4
10 '
47%
*13
63
*155
31 Va
par
7%
17%
10
35% July
Jan
A..1
13 Va
62%
46%
Jan
20%
,
July 12
33
25
Apr 17
333/4 Jan
8% Jan
42% Apr
47%
7
17%
70%
24%
6% Nov
24
413/4 July 17
May 12
23y4Feb
13%
62%
*9%
1
5
47 Va
7
17
70%
29 %
20% Feb
24% Jan 3
/ 53% Feb 24
% Jan 4
6
May 9
15 y4 Jan
3
par
13%
62%
*45%
18% July
Nov
20 Va July 13
'
67 % Jan
47%
7
62%
72
Jan
16
4
2% Apr 25
13%
16%
*106
14%
19
Jan
17
43 V4 Apr
46%
7
16%
106%
54% Aug
'
47»/a
62
*106
Nov
71 % July
8
11 % Jun 29
12% Jan
13
24%
*20%
43
3
27% Jan
12%
23%
2%
116 % May
203
4
600
> ■■
16%
2%
9% May
Jan
100
5
5
^—25
63%
2%
Jan
5
No par
26%
91
Jan
3
76%
4
No par
16%
*26
104%
Aug
121
-
6
"
63
'
1
12% July 8
Aug 17
3
July
Jan
8% Jan
28
Feb
preferred
Checker Cab Mfg
60
26
16%
10 % May
X"'■
Champion Pap & Fib Co
800
16%
*16
6 %
300
63%
\
20 %
Jan
•'
Chain Belt Co
19%
28
112
26%
47 %
Jan
0s/a
No par
Cerro de Pasco Copper
Certain-teed
4.4,800
100%
16%
54
13
113/a July 12
...100
Preferred
63%
*53%
42 %
23
3
21
5% Jan
-20
Century Ribbon Mills
2,700
35
26%
*45%
Jan
4
116
No par
"MCent RR of New Jersey.
Central Violeta Sugar Co
700
6%
23%
Jan
29%
8% Jan
46 %
7
6
9Va
443/4 Aug 14
17% Jan
Foundry Co
1
Central 111 Lt 4%% preferred__100
11638
95%
19%
112
11'
6%
6%
101%
112
1,200
34%
34%
99%
—
102%
1,300
*116
11632
34%
34%
10%
26%
1.1
••■'■
*10% Ml
*116
116 §2
112%
10%
26%
*111%
10%
15%
7
15%
15%
6%
34%
1
16
50% Jun
4
143'% July 12
preferred
Jun
393/4 Jan
No par
No par
100
No par
preferred
Apr
July
22% July
Central
20
7
100
Central Aguirre Assoc
:
July
14% Jan 13
13
46%
7
*15%
10%
112%
10%
26
v
2d
5
44% May
18% Jun
401/4 Jan
47%
*12%
13
46%
7
41%
40
40
*111%
112%
10%
*116
6%
*111%
112
112-
112
:
10%
19%
•
4%
25%
34%
5%
1,370
5,100
*111
1161!
1%
12% July
No par
Celotex Corp
3,100
4% -1
10%
6%
19%
27
18 3/4
22 3/a v
4%
4%
100% 101%
102
100
18%
22%
4%
25%
34%
6%
6%
y
18%
22%
4%
10%
10%
*116
34%
34%
18%
22%
10%
25%
10%
10%
11
*115%
18%
Co
$4.75 1st preferred
4,500
Jan
4
28
1
25
,
"-Celanese Corp of Amer
220
15
22
25%
*10
121
14%
18
1121/4
10%
120
15
(J I)
Nov
Jan
5
Co
Preferred
1,200
21%
4%
*111%
14%
14%
14%
:Vv21% i 22y8
4%
121
*120%
14%
3.600
103
Steel
Caterpillar Tractor
2,600
36 3/a
35%
102%
14%
14%
14%
14%
14%
18
21%
34%
101%
121
101%
122
*100%
35%
101%
35
.
Case
40
50 3/4
50%
Carpenter
Carriers & General Corp
4,8QO
\
151
*147
50%
50
50%
50
50%
38%
37%
37%
149
149
152
*149
149%
36%
36%
36%
36%
36%
149
/. 150
No
Capital" Administration class
$3 preferred A
Carolina Clinch & Ohio Ry
*31%
*36
*149
Pacific Ry
Mills
Cannon
112
*111%
114
Co
300
110%
Nov
20
,
Dec
14 Ve
45
39
No par
5
100
25
200
111%
*31
Hecla Cons Copper
50
*49
52% Aug 14
38 %
11% Nov
8"% Jan
'
50
50
'
50
*49
No
Ry
Jan
6%. Apr
27
!
20
Zinc-Lead
Canadian
1
Jan
28 %
20% Aug 17
4
'
..19
9
9
28,800
10 3/4
10%
49%
*8%
50
50
10%
49%
»iA
31%
*111%
*19
9
*8%
50
*49
10%
10%
49
8%
8%
r
10%
49%
'
*48%
i:
•
50
*49
50
*49
87/a
*8%
;
10%
49%
*49
49%
*49
2%
12% Apr
Packing
Southern
Canada
:
1
July
43
7
12% Jan
100
Campbell W & C Fdy
Canada Dry Ginger Ale—
80
41
40
42
*41
42
*41
42
*41
;v6%
41% July 17
•71% July 3
3
371/2 Jan
5
preferred
Calumet &
1,900
28%
'
t
1.
"
•
—30
Copper
Callahan
5,200
1%
1%
5%
50
8
116% July 19
34
Jun 17
10
conv
California
2,300
55 '
*54
1%
1
1%
iy8
1%
1
5%
Butte
4
42% July
54
preferred
*.
& Zinc
Byers Co (A M)
Participating preferred.
Byron Jackson Co
r
600
70
29%
55
■
81
82
5,400
Aug 17
26
109% May
Feb
54
100
Butler Bros—
2,300
;
23%
29%
*54
>
15%
15
23
22%
55
•
>
3%
V
82
22%
*54
55
>
July
Nov
l;
■
Jun
10O
38%
par
Bldg 1% preferred
July
85
preferred
Bush Term
19 %
19
Dec
41 y8
107
Terminal
6%
:
60
11%
3%
'
•
Bush
—i-
31'
*30
■:■
J1
;
49
23
81
22'A
29
22 Va
68 !
22%
*81
82%
22V4
*82
82 3/4
22%
6%
6 3/a
Jun
Jan
Jan
76
95
4
31
No
11%
52% Jun 27
881/2 Apr 18
par
--TT — —
19% Mar
Jan
Jan 26
45
!
J.¬
1-•— rrr
Jan
5
7% Apr
preferred
—_
Burroughs Adding Mach.
7,000
5,600 ■'
16
40
21% Mar
: 46 y2 Jan
1
.
Jan
11% Nov
16% May 19
Watch
July
15% Feb 29
5'
—
Apr
121 Va
27%
47 % Jan
Forge Co..
Jun
69 %
Jan
18
July
106
4
93% Mar
■5%
:
49 % Aug
17
Nov
110%
66% July 11
98% Jan
Burlington Mills Corp
>
100
143/4
11%
31
3%
3,200
•:■■':
110'
49
-
11%
30%
3%
■,
33 s
>
*65V4
48i%
103/4
82%
'f:
48%
30%
*82
1%
'
v
68
*65 »/4
•
3%
*21%
Jan
54
Sep
i 12% Jun j 5
100
No
Jan
20
Wheel
Bulova
81/2
20% July 15
15% Jan
Bullard Co—
700
July
561% Jan
—
7Q0
14%
6%
6%
6%
48%
10%
■
18%
*108
14%
14%
68
32%
323%
110
30 Va
:
Buffalo
Nov
38
115% Feb
par
iua^-
t.
57
Jan
40% Jun
'
14%
30
3%
Budd
1,400
!
39%
18%
39
■
3%
11
30
103/4
'
30
*3 3/«
v
18%
40
*108
*47%
7,500
19%
1,880
10%
*18%
18%
.-V~ •• 321/4
*65%
>
473/4
473/4
■■'/
143/a
6%
6%|
68
*65%
>
49
*473/4
>48
6%
6%
68
*65%
68
■
'
32
141/4
10%
193/4
393/4
18%
40
31%
f:
14%'
10%
19
>
*1073/4 110
110
14 %
14%
6% >,:■
6%
6%
*65%
*1073/4
110
14%
143/a
14%
V 40
31%
31%
31%
32
*18%
*38
*38
40
110
313/4
110
18%
18%
*39
70
>
70%
10%
10'/2
X19%
1,070
33,600
200%
x69%
701/4
Bucyrus-Erle Co
7 % preferred
Budd (E G) Mfg
7%
preferred
$5 preferred
70
1
v.-.
11%
2001/4
203
69%
70%
10%
193/4
121
11%
11%
200
198
198
—No
Bruns-Balke-Collender
700
19,700
11%
'
*119
-'.'■
121
11%
11%
19%
69%
11
213/4
21%
11 Va
*119
121
11
10%
69%
■
*43%
22
17%
Feb
22%
56% Jan
No par
Browtf Shoe Co
5QO
.
*
103/4
10%
195
192
193
44%
22
.
'
*119
120
103/4 '•11%
11
190
190
22
103/4
10%
119%
10%
10%
*43%
44%
*21%
-
'
120
10%
*44
21%
21%
119%
10 3/a
10%
120
44%
*44
22 Va
44%
22
443/4
*21%
44%
22
44
13% Mar
54%
20
53% Apr 21
33% Jan 28
16
$ per share
Aug 16
24
20
4
Highest
S per share
$ per share
share
Jan
17
Beneficial Indus Loan
No par
Pr pfd $2.50 div series '38_No par
Best & Co
No par
Best Poods
_
1
Bethlehem Steel (Del)
No par
7% preferred
^—100
Blgelow-Sanf Carp Inc—i
No par
Black & Decker Mfg Co
No par
Blaw-Knox Co
No par
Bliss & Laughlin Inc
_5
Bloomingdale Brothers.
No par
r Blumenthal & Co preferred.——100
5 Boeing Airplane Co—
5J
Bohn Aluminum & Brass
*._5
Bon Amt Co class A
:
No par
Class B—i
No par
Bond Stores Inc.
.
1
•/. AYa% preferred
100
> Boxaen <JO
(Tne>_^:
:
.
la
• Borg-Warner Corp...:
_i__5
"T Boston & Maine RR (assented).100
- Bower: Roller Bearing CO
;
.5
Branlff Airways Inc—
,..2.50
■ Brewing Corp. of America
s
215
-r Bridgeport Brass Co
No par
J Briggs Manufacturing.
No par
.
Briggs & Stratton—
No par
BrlstOl-Myers Co..
u—5
' ■ Brooklyn Union Gas__.i
No par
'
>
Year 1943
Lowest
Lowest
EXCHANGE
Shares
$ per share
$ per share
per share
19%
19%
19%
19%
19 %
*56
$
$ per share
$ per share
Aug. 18
Aug. 17
Range since January 1
Highest
NEW YORK STOCK
Sales for
the Week
Friday
Thursday
Aug. 16
Range for Previous
STOCKS
>e
:
AND HIGH SALE PRICES
LOW
Saturday
■
39 %
48% Mar
July 11
142
May
153
146% July 11
88
Jan
123
152
61
Dec
16%
Jan
68 y4
July
67% Jun
1
29% Jun
1
108% Jun
7
*103%
Dec
109 V» July
35% Aug 18
17%
Jan
28% July
114
Jan
11
20% July 10
/■
108
Jan
13% Nov
Jan
25
114%
Dec
Oct
19% July
19
Sep
23% May 27
2%
24% May 27
3%
Jan
3
Jan
17%
Sep
Jan
26%
Deo
Jan
26%
Deo
23
May 26
33% Jun
28
32"% July 10
15%
15%
19% Sep
/>*-
FINANCIAL CHRONICLE
THE COMMERCIAL &
AND
LOW
Saturday
Aug. 12
Aug. 1 +
1 per share
4%
82
V
82
91
75
*75
76
*90
91
91
91
20%
20%
20%
*44 %
443%
44%
44%
42
413%
42 y8
20%
-
*19%
44%
41%
*44%
41%
41%
47
47%
47%
47%
47%
47%
16%
16%
16%
16%
16%
1
1%
28
5%
1%
42,000
86%
85%
>:
10,500
28
27%
28
17%
17%
,17%
17%
17%
173/4
27%
273/8
27%
273/4
27%
26%
*26%
26%
26%
26
27
97%
5%
97%
*97
::
;
*97%
4
4
3%
2434
107
24 5/8
24%
105%
24%
'107
106%
106%
5%
5%
24%
;
5%
5%
5%
24%
5%
24%
v
4
3%
24%
107
*26
97%
*97
3%
24%
107;
5%
24%
24%
24%
25
'V.
14
Consolidated
12%
12%
12%
31%
32
32
32%
32%
32%
13%
13%
13%
133/4
14
8,000
23%
X23 %
23%
23% i 23%
13%
'23%
16%
49
*48
14%
*16%
*48
49
♦107%
107%
25%
25%
108
25%
8%
*8%
108%
400
26%
26%
2,900
Container Corp
5,500
2,600
8%
9
*111%
115
8%
42
42%
*11%
11%
11%
12
ll3/4
12
113/4
113/4
46%
46
46
*45%
46
46
46%
800
8
7%
8
8%
25,700
Continental
5,500
Continental
45%
45%
46%
7%
8%
7%
12
■
'
'
29%
*29%
30
*29%
30
29
29%
7%
8
17
17
16%
16%
44%
44%
44
44%
>
12%
—
12%
12%
12%
12
*50%
51
*50%
.<
*29%
;
17
165/8
*43%
12%
12%
50 3/i
*503/4
22%
22
22%
22%
22
22
22
49 %
49%
49
49%
49%
49%
49
59%
59%
60
60
60%
60%
178%
22%
60%
178%
178%
*178%
180
2,100
45
12
■
300
17
45
22
178%
30%
163/4
44
*59%
180
30 %
30%
*
293/8
163/4
433/4
503/4
51
29
295/B
44
16%
17
44%
29
30
30
30
17
44
51%
29%
29%
29%
7%
2,300
»
*49
"49 "
60%
♦179
50
49%
60%
603%
1793/4
20
223/4
22%
180
3,200
51
*50 3/4
23%
250
12%
12%
12 3/4
51
,
5,600
*6%
6%
6%
6%
6%
6%
63/a
6%
63/4
7
6%
3%
3%
4
4%
4%
4%
4%
4%
4% f
4%
263/4
109%
109%
103%
109%
251/4
25%
25%
*25%
25%
*25%
22%
223%
28
38
26
109%
*25%
25%
25%
22%
*22
22%
22
22
22
22%
37
37%
37%
37%
37%
373/4
50
49%
49%
19%
19%
19%
193/4
25V2
109
26%
25%
25%
109%
25%
25%
,
-
109
37
37
*48%
*48%
49%
19%
50
*19%
19%
19%
*102 >
*78%
r
34%
19%
*49
50
19%
19%
102%
1023%
1023%
1023/4
34%
34%
343/4
353%
35%
102
79
78%
*78%
79
78%
78%
79
79
79%
79%
23%,/ 24 %
24%
24%
24%
24%
24
24%
24%
24%
15%
16%
16%
16%
16%
16
16%'
16 3%
16%
•140
144 %
*140
25%
'26%
*107
144%
•107
25%
26%
*26
26%
108
*140
25%
25%
25%
26%
108
*107
*140
144%
*25%
25%
26%
26%
*107
108
V:
123%
124%
*124
52%
52%
51
5%
5%
*107 ;/
:i
ir~
9%
9%
9%
123%
126
51%
51%
52
5 »/8
126%
.263/4
26%
108
*253/8
25 7%
27%
27%
i
*
*107
5%
10%
*127
126
10%
•f 10%
'130
130
'
5%
17
17
16%
*110%
117
*110%
26
*25%
16%
117
16%
*112
*25%
26
25%
*8%. no
*21
/
14%
*112%
113
'*183/4
14%
113
Bank
42%
X41%
*35
35%
x34%
*19%
203/4
*19%
36
36
35
;
8%
8%
8%
20%
23,600
*110%
25%
10
25
97/B
Vs '
*21
*14%
14%
34%
34%
*34%
35
203/4
20
*19%
20
20%
20%
35%
36
35%
36
*19%
20%
35
34%
8
8
357/e
7%
20%
20%
20 %
8%
8
38%
37%
*31%
32%
32%
32%
32%
32%
32%
32%
40 V2
40%
40%
40%
*393/4
40%
40%
40 %'/•;"
15%
15%
151/4
15%
15%
15%
15%
15%
32
32
98%
62
...
32
32
99
*99
100
*17%
173/4
*17%
173/4
*17%
173/4
*47%
47%
*47%
47%
473/4
473/4
41%
413/4
41%
41%
42
42
24%
243/4
25
24%
243/4
24%
24%
52%
523/4
523/4
53%
53%
533/4
54
54
*124%
126%
126
126%
126%
126%
*109
109%
♦109
109%
109%
323/4
100
47%
•124%
110
110
37%
37
37
10%
10%
lOi/a
10%
10%
110
39
32%
32%
32%
40%
39%
40% f:
16
16%
2,200
33%
3,400
33%
*99
<
155
154%
155
1543/4
;• • '154 3/4
156%
126
125%
125%
*125
1253/4
1253/4
*125%
120
120
120
*119%
119%
*125%
*119
120
16
16
16
lv
*15%
:
154%
16
16
47%
*42%
42%
16
1193/4
119
24%
105% May
32% Feb
10
126 Va
126 %
38%
10%
10%
16
;
16
47
125%
119
119%
119%
Mar 20
15% Jan
3
44% Jan
10
52% Apr
28
173% Apr
29
5
Jan
3
1% Jan
6
46 3/4
July 19
30 Va Aug
Jun
133/4 July
52
Jun
Jun
Jan
15%
Jun
40%
Jan
49%
Sep
7
Jan
7 % May
Jan
37% July
18
18%
Jan
27% July
5
22
5
30
18
X9%
Jan
15
Apr
45
Jan
53
Aug
13%
Dec
17% Aug
37
Jan
53%
Jan
173
47
2%
Jan
14%
186%
Jan
11
Jan
Aug 18
6
,
Araer
preferred
47:
17
20
103% Aug 10
81%
Jan
99% Aug
28
Jan
4
27%
Dec
38
Jan
Nov
82% Tuly
69
4
20% Jan
3
283/8 Mar 10
11% Feb
10
112
100
(The)_
Jan
25
22 2 i Jan
18
22% Jan
5
preferred—
101
preferred
Prior preferred
—
No par
No par
1
Curtiss-Wrlght
Jan
97
Apr
100
Apr 24
6
4% Jun
Davison
Chemical
Corp
(The)
pfd
Dayton Pow & Lt 4% ft
0
25
1
100
9
114% May 20
No par
preferred
25
1.41
14% Jun
pfd
4
4
5% Aug 25
No par
$7
No
Deisel-Wemmer-Gilbert
6%
preferred
partlc
25
Distil
30%
Jan
55% July 14
6% Jan
7
17,
5%
Dec
9 % Apr
17% July 12
14ys
Nov
24% Mar
119% Nov
117
Jan
3
96
116
Jan
-v
Jan
3%
Jan
45%
Feb
15%
10
July 13
26%
7%
,
19
-t
19
•
29
Jan
36% July
17% Jan
17
22% July
5
12
17% Jan
5% Jan
3
18% Jan
•
12
3
8
38% Mar 31
11
X27% Feb
29
95
Apr
14
par
15% Jan
3
par
v
116
24%
v
Jan
July 10
8%
3%
Jan
16%
Jan
21
July
64
Aug 10
39% Jun
323/4 Jan
41
Feb
17% July
36% May
100
Jan
5
40
17%
22% July
Mar
48 %
Jan
35% July
Jan
33% Mar
8
37
Jan
42%
5
8%
Jan
17
9
21%
Jan
25
83%
Jan
18 3/s
10
35%
100
Jan
Feb
15%
Jan
Douglas Aircraft
No par
44
Nov
Dow Chemical Co
No par
1143/4 Apr
26
131
Jan
No par
1063/4 Jan
7
112
July
No par
28% Jan
8% Apr
21
11% Feb
11
180
Duplan Corp
Du
de Nemours
P
(E I)
No par
& Co——20
*
$4.50
preferred
Duquesne Light 5%
No par
1st pfd
100
Nov
May
Oct
Dec
16% July
Feb
22%
19
Apr
17%
26
38%
1
Dec
10% May
,
31
27% July 12
57% Feb 25
International
Sep
29
45% July 10
Dunhlll
Jun
July
20% May
Jan
9% Mar 22
37
4
series A
Jun
19
5
$4 preferred
Oct
Mar
-
18
12
33% Jan
Dresser Mfg Co
Jun
43
32
21% May 12
47
May 13
A
Sep
Jan
113% Apr
43% Jan
Class
Dec
Jan
13% Jan
100
Oct
July 11
140
Jan
No
Cup
Jun
7% May
10
No
Co
26%
107
Jan
26
2
preferred
Jan
1%
108%
No par
Corp-Seagr's Ltd
5%
Dixie
Jan
100
18
5
Diamond T Motor Car Co
18
i Aug
2
10% Aug 17
27
3
par
27% Aug 18
108
Aug
Feb
No
253/4 Oct
45% Jun
353/, Jun
5
29% Jan
28% Jun
Match
Jun
Jan
Jan
52
Diamond
14%
10%
Jan
18
20
223/4 Aug
115% Dec
July 11
29% Mar 15
105
Oct
July
Feb
140
16% July 10
36% Apr
32% Apr
No par
Jan
12
Devoe
& Raynolds A
Jan
7%
17
21% Jan
10
Detroit Edison
9%
22% July 26
par
50
*66
27% July 17
13% Jun 12
111
May 24
100
Western
5
4
6% Jan
19% Mar 17
20
Preferred
17% July
28
21% Apr
1
Inc
Oct
V Oct
Jan
97% Jan
30
Inc
Press
Curtis Pub Co
31
Jan
36% July 10
81% July
5
—100
:
23 Vo July
11%
10
:
Sugar
Jan
Jan
37%
"
100
.
Cuban-American
108 % Aug
19% Aug 17
Jan
15% Feb
100
preferred
preferred
5%
Cuba RR 6%
9
22% July
;
49% Aug 17
No par
$5 conv preferred—
Crucible Sieel of
28
July 21
3
45
No par
Zelierbach Corp
273/4 Jun
110%
No par
200
Sep
May
2% May
9
No par
__5
preferred
$2.25
Crown
20
No par
300
Apr
61% May
Dec
Dome Mines Ltd
3,700
Sep
36%
23% Mar
1,400
r
/
18%
700
*
Jun
110%
:
4%
1843/4 July 10
7% July 6
5
11%
;
25%
July 31
60% Aug
Jan
Jun
29
22
25% July 12
50
Jan
26%
Oct
23%
233/4 July 12
38% July
5
1,400
158
125%
>
96
Doehler Die Casting Co
400
V
16
157%
125%
13% Mar 16
May 24
19
27
Jan
6,400
10%
157
43% Jun
Jan
1
90
110
38%
111% Aug 11
10
16
X4%
July 12
47% Aug 11
400
126 V*
110
38
5
7
6,000
57%
110%
500
25
56%
Mar 10
3
200
47%
42%
56
1543/4
1,200
100
47%
25
*124%
110%
290
17%
243/4
July
10
Detroit Hillsdale & S W RR Co..100
62% .;
17%
*'47%
*1253/4
10%
33%
*98%
17%
54'/a
37%
10%
333/4
100
17%
27
27
163/4 Jan
273/4 Feb
1,400
16%
1,900
15
No par
Delaware Lack &
39
Feb
7% Jan
No par
Delaware & Hudson..
*59'/a
373%
10 %
*15%
156%
\
20
107
(The)
9,900
39
42%
126%
*37
10%
• ...
173%;;
47% 1-
*423/8
373%
Jan
Crown Cork & Seal
5,900
62%
'••-7-I53/4'
43
24%
32%
*17%
37
89
Jan
900
40
373/4 v
37
14
Jan
Records
31%
62
*373/4
*99
1083/4 Aug
1
1
(The)
& Co
20%
20 Va
*60
38 3/a
*59
5
16%
Deere
*59
62%
*373/4
;
Dec
102% Jan
95
Decca
x38%
20%
*60
/
Dec
47%
25% July 11
5,300
20%
Aug
Jan
7
3
3,900
20%
16
18%
33%
7
43%
100
Jan
Jan
21
20
32
8%
4%
21
48% Feb
Jan
42 3/4
8%
16% Mar 10
Oct
183/4 Feb
313/8
83/8
27% Mar
104% Jan
42%
35
Nov
Sep
17% Feb
25
:—.
of Wheat Corp
313%
*34%
17%
2
8
4
20
Co
Davega Stores Corp
120
21% Mar
15
20
5
j—$2.50
preferred
conv
5%
113%
35
383/fl
..*15
*111
113
42%
29%
Nov
Jan
45
20
Cutler-Hammer Inc
2,000
Nov
9%
19% May
v
25
V".
14%
..*110
303/4
.
62%
31%
14%
14%
25
30%
20%
100
*21-
42%
113
*373/4
31%
0%fy.
24%
24 M2 Aug
100
100
// 10
9% >
25
Feb
3
8
3% May
Jan
Jan
2%
18% Jan
Aug
14% Jun
■
7%
15% July 11
12
%
•
Apr
July
22
3
No par
Trust
900
253/4
27
12
pfd—No par
Cushman's Sons Inc 7%
120
42%
*60
*99
253/4
25%
30%
20
.
*110%
120
42%
34
8%
3
7,000
26
113
13
"73/4 Jan
Co
5%
Cream
1,000
5%
*19%
203/4
35%
52%
173/4
30%
113
2% Jan
16% Jan
6%
24% July
X. 105
100
2
Crane
110
5%
52%
*343/4
343/4
v/;
17%
52%
30
113
'
42
68,400
5%
120
14%
Jan
Jan
Inc
Internat Corp
4 %•%
130'
42%
30
29%
42%
14%
Jan
Refining
Cuneo
17%
110%
*21
Dec ;
Preferred
1,700
5%
5%
*9%
10
"3%
15%
91%
Cudahy Packing Co
17 Va
*52
52%
*25%
♦
25
14%
113
30
*29 %
17
17%
25%
5
24
Jun
24% Nov
13
43/4 July
6% Jun
25% Jun
Jun
25
25
July 10
107% July 26
5
Dec
July
11
/
15
4
•
10%
23
-
27
Jan
95% Jun
i
Jan
10%
103/4 Jan
1,200
27%
103
17%
12
19% July
144%
26
16
<19% July 15
46
7%
17
5%
117
*21
'
:;?i
25
14
14%
-
10
"8%
*21
25
'
51
5%
12,400
*140
144 %
108
1,490
16%
Jun
29% Apr
98% Jun
82
Jan
28
10
24
600
24%
16%
'
2%
27
29
*
123%
9%
9%
9%
9
253/4
25%
•
•
*140
1443/2
V 79
24%
'
16%
2,700
23
38% Feb
280
:
8% Feb
24% Apr
123/4 Apr
100
35%
5
20% Jan
No par
320
103 t
July
21% Jan
Corp—No par
No par
Copperweld Steel Co
—5
Conv pref 5%
series
50
Cornell-DuDllier Electrle Corp
1
Crosley Corp
34
Jan
■
Bessemer
2,400
102
21%
■
prior preferred
$3
3,200
34
28
Continental Steel Corp
Cooper
22%
102
3
8 % Jun
383/4
34%
243/4 Jan
July
1% May
Jan
33 % Jan
38%
102%
36%
Sep
Jun
16
23
100
Products
2,000
Jan
87% Mar 11
7
Exch
19%
32
1% July 13
J
3
Corn
493/4
l
Jan
16
500
*49
% Feb
79
5% Jan
225/8
V
Jan
44%
«
17
Motors
25%
*34
*102
102%
34%
*49
\
9%
18
11% Jan
Insurance
"
*22
Jan
107%
3% Feb
of America
Oil
Corn
8,400
29%
28% Aug
Coty
109
50% July 15
18% Jun 16
41% Jun
Coty
26% ; 26%
26%
109%
25%
109%
25%
109%
15
1
4,600
•
Jun
104%
5
18,000
5
44
Jan
of Del
80
7
'3%
Continental
600
1
60%
1793/4
July
Jan
1
Inc
Continental Diamond Fibre
4,900
50
v
41
25%
10
July
21% Feb
preferred
8%
42
115
*111%
115
♦112%
Jan '
19
106% Jan
13% July 19
32% Aug
2
Continental Can
8 5/8
8
30%
43Va Jun
11
40% Feb
14 % Apr
f
5
15
Continental Baking Co
26 3
6
3
Feb
37% Jan
105
50
$4.50
Pow
115
45%
*178%
108%
Consumers
47
9
;
1023/a Jan
preferred
$2.50
403/4
45%
*12%
108 %
Consolidation Coal Co
*111%
11%
*50%
700
25%
19% July
No par
pfd
100
25
6%
Cuba
16%
49 3/i
14%
40%
11%
29%
of
RR
1,400
16%
*48%
40%
11%
8
Consoi
14%
16%
143/4
Jan
Gas
pfd
conv
40%
40%
40%
Natural
493/4
108
8%
8%
8%
8%
-
25%
25%
$1.25
403%
114
*112%
*29%
108
25%
40
29%
108
25%
113
7%
49
23
Corp„
16%
*14
16%
*48
108%
25%
8%
*8%
*16
107%
39%'
*111
*14
I6V4
108%
Laundries
*48%
14%
14%
49
16%
*48
22% Jun
No par
preferred
$2 partlc
Consoi
900
1
*14
14%
14%
16% Apr 24
39% Jan 25
Consolidated Vultee Aircraft
12%
233/8
98% July
Industries
Film
1,800
2,200
31%
16%
*16%
25%
Consoi
5%
12%
31%
233/s
Jan
9
1
N Y
of
preferred
24%
*12%
•13%
79%
Mar
No par
Edison
12%
13%
15
5% Mar
Apr 25
No par
Coppermines Corp
31%
23%
preferred
$4.75
$5
*12%
13%
Consolidated Cigar
Conscl
"31%
23%
93% Jun
No par
Consoi
1,200
3,500
13%
14
No par
No par
No par
5
Congoleum-Nalrn Inc.
1,500
12%
24
13%
Feb
23
Conde Nast Pub Inc
4,700
12
*23%
Oct
84
Co
Edison
13,900
12%
13%
Commonwealth
'5%
„V
Sep
73
No par
243/4
5%
25
77%
Jan
No par
,
preferred series
$6
60
107
Jun
Jan
37
Nc par
4%
245/8
107
•
5%
40%
80
100
253/i
4
4
24¥4
•'
973/4
973/4
107
400
26%
26%
973%
2,200
31%
12%
*31%
.
700
27% : 28
3%
24%
://./,
17%
17%
Jan
85% Mar 14
7
Commonwealth & Southern—No par
2,800
1
1 %
85%
•27%
;
24%
107%
*23%
27%
28
27%
28
1
85%
17 v"
*97
4
24%
*107
16%
27%
.
*26
97%
3%
24%
17
;
17
26%
,*97
163/4
1%
3
Feb
preferred
conv
Commercial Solvents
16%
■
6
Jan
10
7,000
48
4
70
Credit
17%
47%
1%
4%%
100
Highest
t per share
$ per share
per share
76
No par
preferred
$2.75
Commercial
Comm'l Invest Trust
48 %
85%
Pictures
Columbia
t
No par
No par
Co
3,800
473/4
1
4,700
Carbon
$ per share
100
100
preferred series A
preferred
Columbian
300
•"
106
-
47%
85%
85%
27%
106
106%
1,000
27%
.
27%
*26
28
27%
v
85%
*106
106%
20%
'20
800
16%
-
1%
1
1%
85%
85%
41%
91%
91%
47%
16%
85%
45
41%
•106
106%
*106
106%
•106
106%
20
44%
41%
41%
20
45
20%
*44%
41%
; 17
5%
91
20%
28 *
6 %
60
75
45%
26%
2.400
*90
20 %
*16%
32.700
77
Lowest
Highest
No par
Columbia Gas & Elec
4%
83%
*76
77
76
41%
!
83%
Lowest
.
Par
84%
43i
4%
83%
*75%
43/4
91
*44%
1
4%
83
4%
82%
76
75%
*90
*85%
per share
Year 1943
Range since January 1
EXCHANGE
Shares
$ per share
*90
*75
*100
4%
82%
4%
5
82
82
$ per ihctre
per share
Z
Range for Previous
STOCK
YORK
NEW
for
the Week
Aug. 18
Aug. 17
$
Sales
Friday
Thursday
Aug. 16
Aug. 15
.:
share
per
4%
5
*80%
;
STOCKS
HIGH SALE PRICES
Wednesday
Tuesday
Monday
Monday, August 21, 1944
45
,
July
34
"
Dec
25% Sep
73% May
5
122%
Nov
153
7
*106%
Dec
1073/4
Dec
16
Jan
35 Va
Jun
5%
Jan
,10%
Dec
28
39% Jun
12% Feb
26
2
May
Jan
7
17% Jun
162% Jun
9
Feb
19
134
Jan
13% Apr
159% July
123% Jun
6
128% Mar 24
124
Dec
130
Aug
117% Jun
7
1203/4 Jan 20
115%
Dec
121%
Sep
10% Feb
28
Dec
137
E
12%
13%
13%
133/a
13%
13%
13%
13 3%
133/a
13%
133/a
13%
37%'
38%
38
38%
38 5/s
39
393%
393/4
393/4
40%
40%
40 3/4
•„
15%
16
16%
17%
17%
173/4
17%
17%
173/a
17%
16%
17%
,7,000
162%
162%
*162
164
164
164
*183
186
183%
183%
•
*383
163%
185
*183
*47%
48%
*47%
48%
473/4
473/4
20 3'8
20 3%
20%
20%
20%
20%
43%
43%
433/4
433/4
44
44%
11%
11%
11%
11%
11%
11%
*43/4
4%
43/4
4%
43/4
43/4
4%
53/8
5%
5%
4*%
5%
5
913/4
92%
5
.
163 %
185
923/4
*85%
923/4
87
164%
*183
1655/8
165
*183
185
10
48%
Edison Bros Stores Inc
203/4
20 3/4
800
45 %
45%
45%
45%
453/4
5,200
Electric
Auto-Lite
11%
11%
llS/8
ll7/8
113/4
11%
7,300
Electric
Boat
4%
*43/4
5%
5
,:
5
*47/8
•
5%
5
900
90
913/4
91%
92
93
85
*84%
86%
86%
86%
44%
43%
44%
433/4
44%
*43%
44 %
34%
34%
34%
345/a
343/8
34%
34%
34%
*34
343/4
*65%
67%
*65%
67%
*65%
65%
105%
67
*65%
*105%
5
5%
8.100
93
933/4
1.300
,863/4
44%
*34
87
44%
343/4.
300
1.600
$7
~
<;■
*65%
67%
200
105%
140
Battery
Storage
14%
41.000
1%
8.800
11%
113/4
113/4
11%
113/4
11%
11%
113/4
113%
113/4
113/4
1.400
Erie
113/4
11%
11%
113/s
11%
11%
11%
11%
113/4
115/8
11%
7.900
*58%
59%
583/4
583/4
*583/4
58
58 Va
58%
58 5/8
58 5/8
800
14%
100
14
993/4
143/a
...
14
143/a
100
"100
100
14%
100
143/4
100%
14%
100
100
790
101
101
101
102
102
102
*102
104
*101
104
102 3/a
102 5/s
180
101
101
101%
102
102
102
*100
103
*101
103
103
103
150
1
1
1
1
1
1%
For
footnotes
1
see
1%
page
1
743.
1%
59
x57%
16% May
37% Jan
10
RR
Ctfs
common
of benef
9%
Nov
11%
31%
Jan
44% July
17% Aug 15
3%
Jan
8% May
146%
171
184
July
Jun
29
May 23
Jan
170
May
*173
Sep
184
Jun
Jan
45'/a July
Feb
19
3
50
Jun
30
35
1
20% Aug
17
11%
453/4 Aug 18
30%
Jan
Sep
39% July
83/„
Nov
14
4
Apr
18
13% Jun
19
Mar
3% Jan
4
5% Jun
16
13/4
Jan
53/8 May
No par
3% Jun
9
5% July
3
1%
Jan
81% Apr
25
99% Mar
3
31%
Jan
6 3% May
92
Nov
78
24
94% Mar
4
28%
47% July 11
34% Aug 14
33%
Jan
23%
Jan
68% July
5
49%
Jan
3
101%
Dec
23/4
Jan
No
int
5% pref series A
Apr
par
3
39% Apr
273/4 Feb
28
50
57% Jan
25
100
4%
11%
14%
993/4
Jan
41
5
Johnson Corp.
11%
14%
993/4
24
6
40% July 14
14%
No par
No par
preferred
preferred
$6
Electric
Endicott
105%
7
Jan
2
El Paso Natural Gas
67%
Feb
175
Elec & Mus Ind Am shares
Electric Power & Light
800
105 7/a
157
3
1%
14
99%
1057/a
par
4
(The)
preferred—
Engineers Public Service
$5 preferred
$5% preferred
$6 preferred
tEquitable Office Bldg
10.5 7/8
< •Apr
25
3
6% Jan
100
cum
443/4
67
No
Co
preferred
Eaton Manufacturing Co
6%
203%
90
*105
Eastman Kodak
800
20%
44
106
Mills
20%
*83
87
5
Rolling
48 5/s
*20
33
1
Eastern
1,100
"
*85%
106
185
10
Lead Co
Eastern Airlines Inc
48
43%
106
166
6,900
Eagle-Picher
48
473/4
43%
♦105
*48
11,000
101% Jan
19
7
108% Jun
Jan
88% Nov
42% Sep
X32
Sep
58% July
103%
Dec
9%
Sep
Sep
8% Jan
3
14% Aug 18
par
87
Jan
3
100% Aug 17
54
Jan
92
par
89
Jan
3
102% Aug 18
573/4
Jan
92%
Sep
923/4 Jan
10
104
1
62%
Jan
96
Dec
1% Aug 10
%
Jan
_i
No
No
No
No
par
No
par
par
No par
100
<
3/g Apr
25
July
133/i Mar 22
9% Jan
.-
4
9% Jan
3
13% Mar 22
46% Jan
3
59% July 17
8%
8
39%
Jan
1% Mar
16% May
Jan
16% May
Jan
52% May
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
Volume
f
Monday
Tuesday
Wednesday
Aug. 12
Aug. 14
Aug. 15
Aug. 16
s
per share
*83 %
86%
♦83%
10%
10%
>10%
013 %
39
2S
123%
13%
38
13
*102%
105
22%
22
22%
22
26
13
13%
>*21%
'
,
17
.
>17
39 Va
4
41
25%
25%
♦103
-
104 >/
~
22 3/4
223/4
^%
213/4
21%
21%
?
17
> 104
9 74
9%
'
9%
27%
28%
«
273/4'
>
9%
TV 9%
*273%
273%
:
27%<V
934
9%
27%
9%
273/e
>
.
27% > 27%
:
'
Buffet Corp
No par
6.300
Federal
■i.'1
Federal-Mogul
i
10%
';>■
47%
<
23%
24%
24 %
26
26%
263/8
49 %
<"
49%
49 =/«
49 %
49%
49%
49%
48
48
48%
48%
48%
49
49%
*107%
108%
101%
>
st
*107%
41. %
41%
23%
41%
23% v:
*107 %
107 %
108 %
41 %
r-i O CO
*108%
110%
♦31'%
23%
l-
7
7%
♦45'%
14
13%
93
17
Jan
3
45'
Jan
27
-25
38%
Feb
8
103% Apr 25
109
n,
$4.50
16
59%
21%
Florence
31
31
800
600
Florsheim Shoe class A
73/8
7%
47%
Follansbee
2,100
47%
170
5%
105
33
14
14
*133/4
14%
500
59%
59%
500
Food
213/4
22%
22%
225%
3,100
22 %
22 Vu
223/4
22%
150
41%
41%
41
112 %
112%
113
6
•>
4%
*16
/•
*16
16%
i
41%
6
4%
41 %
17
41
6%
6%
17%
17%
*53
*106'%
47 %
8%
*149
*10%
6%
v
3%
42%
114'%
9'/4
38%
43
42%
3%
>
*132%
/'
62%
*129
'
♦129
130
12
21%
21%
9 y4 >
r
18%
21 To
22
22%
22'/4
10%
25%
25%
25%
88
23%
18%
23%
23%
23%
16%
18%
18%
18%
78-
78%
78
78%
112'%
28%
29%
28»/4
28%
*110%
112%
*110'/2
112'/2
*110%
23'/4
23%
23%
23%
23%
23%
104
105
105
105
12%
16%
86
16%
12%
*84% -86
16%
85%
16%
17%
98
97%
98
24%
*97
1,400
106
300
17%
8,300
98
24%
200
25
> *97
4,500
24
24%
24 Va
24%
51%
51%
*51%
51%
*51%
51%
51%
*51%
51%
52'%
2%
2%
2%
2%
2%
3
2%
2%
2'/a
2%
2'%
3%
3%
3%
3%
3%
4
3%
3%
4
3%
2'%
>■
3%
103%
Y X47%
47%
47%
>
'
111
*110'%
♦HO'/a
5'%
,
4% >
4%
.
15
14%
15
112%
*110'/a
112%
*110'/a
5%
5%
5%
5%
*110 Va
112%
5%
"
"■» 4%
13%
13%
13%
*17
•'.37%
*37%
37%
*23%
24%
*23%
24%
53
110%
15
112%
5%
37%
"*23%
24%
16 Va
16
16%
'38%
39
38%
39%
27%
27%
27%
27% ,-27%
27'/4
27%
*153'%
154%
153%
153'%
152%
153%
♦152%
153%
48
22
48
22
11%
14%
15%
i.
6
'
6%
•
'
47%
22% >22%
11%
15%
6
6%
;
52%
46%
i
171
46'%
:
173
172%
13
12%
52%
46'/4
22%
6%
13
52%
46%
13 Va
•
53"
46%
80C
22%
6%
*11%
16
46%
53
.
•
46%
6%
> 173
13
*53
46%
5%
i
preferred
Great
Iron
Nor
Great Northern Ry 6%
Preferred
4,200
900
Green
Co Inc
L)
(H
*11%
11%
15%
16 Va
II,000
Grumman Aircraft Corp
6%
6'/a
6%
29,300
Guantanamo
•
173
13%
170
170
;
53%
53
•'
8%
46%
5,800
53
*,100
Gulf Mobile & Ohio RR
*5 oreferred
46%
2,300
Gulf Oil
.
♦317a
33
32%.
32%
*31%
33
*29%
30
29»/4
29%
29%
30
29%
*18%
15%
18%
"19
18%
19
19%
19%
15%
15%
15%
15%
33
30
30
18%
18%
15
153/a
*15%
29%
>
19
15%
.
;
*18%
IT, *
147%
*146
'
110
For
7%
19
see
110
*146
106%
page
743.
♦106
,4
149
•
18%
*146
7%
106%
*105%
*32%
30
18%
149
7%
107
7%
*105%
7%
107
300
;
1%
16
110
3%
Printing
105
108
15%
Jun
4%
17
233/a May
1
Jan
9% May
74
Jan
85 %
223% July
A
Sep
Oct
;48
Jun
Jan
17% May
33% May
97% Aug
45 8% Sep
121% Aug 12
73%
Sep
54% Jun
19
247/a
Jan
104
Feb
17
83
Jan
50
Jun
19
25%
Jan
41% July
112% Jun 26
90"%
Jan
108% July
4%
Jan
15% July 15
l'/4Jan 3
3% Jan 20
7
Aug
5% July
5
80
7
3
3
May
14%
1% Jan
4
9
25% Jan
24% Jan
Jun
Jan
Aug 18
4'% May
Aug
3
Dec
25 3%
59
110
14 % Jan
Jun
5
100'/4 Jan 25
23% Jun 28
July
113
60% Jan
Apr 26
Jan 3
15 V* May 18
Dec
91
24%
Jan
Jan
3
Jun
Sep
233% Mar
Aug 14
17% Aug 18
X99% July 7
3
Aug
1"%
59
Jan
41
4
3
7
3
8
3
Jun
115
Jan
14%
19
13% July 10
102
if Jan
3%
8
Feb
24
Dec
July 12
> 39% July 28
13 y«
6 3%
Jan
Dec
July
19
17
29
Mar
8
143% Feb 15
Aug
2
23
17
67
Feb
3
50 % J an
21%
Apr
17
July
133% May
37
July
18
Jan
Sep
26
*
Apr
32% May
,
23% Nov
138
Dec
2»% May
Jan
7%
29%
16
Apr
1013%
,
Dec
5
18% Jun
Oct
93/b
Jan
,37% July 11
25% Mar 15
156
273%
Jan
Jan
154
Dec
57%
Sep
65
Jan
5
31%
Jan
50
Sep
24% July 15
12 % Jan 24
14%
Jan
21%
Dec
11
Jan
13% July
10%
Nov
57
43%
19%
11
May
Feb
Feb
Apr
11
Apr 18
16% July 19
3% Apr 3
' 123
Jan 26
6% Jan 3
6% Aug 12
2%
Jan
5
Jun
Aug 12
81%
Jan
1603/4
Jun
16% May 17
3%
Jan
23
25%
Jan
19
44%
Dec
July 17
22%
Feb
28%
Sep
35
Jun
38
Apr
12%
Jan
18% July
9%
Jan
153/4
Jun
104% Mar
110 Va
July
33
Jan
17
29
3
43% Apr 25
Co
106
310
19
1,800
30
7%
8
1,500
*105%
107
10
Hanna (M
Apr
4
28 % Jun
26
10
No par
..100
A) Co $4.25 pfd—No par
Harbison-Walk
6%
27
preferred
'
149
18%
25% Jun
8%
k
,31
July 15
113'% Apr 22
90
.23
preferred class A
Hamilton Watch Co.
149
97%
15
3
.23
Water
Hall
106
18%
149
33
30
Hackensack
3.000
106
18%
*146
'
Nov
2% May
25% May
Mar
Aug
1
.
39
176
'59
Jun
49 % May
17 Va May
10 % May
41% May
.
50% July
H
100
2,600
110
par *
23
19%.. 20
*106
No
Corp
15%
•106
106
110
*106
7%
7% ;•
73/4
'
:
18%
18%
>
111
X106
footnotes
?
146
146
8
*105%
•*18%
*106
:'
15%
♦105%
*105 %
♦106
8
110
*106
110
*106
*31%
r*31%
33
No par
X104
2% Aug 10
90
52
45
>
131% May
Jan
104'/4Jan
8% Jan
100
24% May
14%
2% Jan
par
100
10
preferred
13%
,12%
46%
430
.
Sugar
Jan
July 11
par
1
No par
11%
16%
6% July
13%
25
36% Feb
No par
Jan
7
par
Greyhound Corp (The)
5% %
preferred
Jan
2%
4
par
100
1
West RR
17'%
Jan
85'/2 Jan
40
Feb
98
Jan
pfd—No par
No par
100
125 7%
3
18'/4 Jan
Prop—No par
Great Western Sugar
t'ti'Ti
-
.;
Ore
Green Bay &
59
22%
16 Va
;
*56
■
30
153%
*152
22
6%
174
1,500
48
15%
52%
13'/4
>>■13
53
6%
V2
174%
13,000
48
'
•V
39'/4
27%
48%
15%
15
39
48%
11%
*11%.
11%
*11%
59
200
27%
22%
22%
15 v:
174
13
■
52%
*46%
47%
*56
153%
V
2,300
47%
47%
11%
,
>>
176.
170
48
v
*152
59
*56
22%
22%
*11%
16%
•
16
16
11
6
Jan 19
3
-38%'
*46%
Jan
Jan
8
24%
Feb
Jan
9% Feb
37%
Nov
Sep
52% Aug
15%
6
32% Jan
37%
July
Jan
10
20
*23'/2
July
56
Jan
No par
24%
107%
137
Jan
16%
No par
37%
Jan
Nov
44 Va
60
Grant
24%
..
19% July 12
88'% Jan 22
Jan
Dec
13% July 26
23% Jun 17
130
26% Jun
Grand Union Co
Co
.
Jan
Jan 14
Sep
Dec
83%
11
15%
7%
69
11'/a
x83
par
119 %
,120%
128%
July 13
July 12
25% July 10
Granite
City Steel—
»
66
Nov
.3
July
Jan
1,000
(W T)
117
Jan
1% Auf
93 >
Jan
1,000
37%
Z 113%
July 31
%
4,000
27%
*56
Granby Consol M S & P
44 Va July
31'%
4%
38'/a
59
1,400
Jan
Aug 10
19% Feb
8
99
Feb 17
1—-1
5
Motors
397/a July
34
32% May
Jan
14%
27%
*56
Graham-Paige
Jan
Jan
17%
16'%
59
-
30%
148
Jan
4%
38%
*56
113,706
Preferred
Jan
A
19
>
98 % May
Jan
4'%
4
Jun
8% May
18% May
20%
12%
14%
16
59
>
5% >5%
(B F)_
14
Jun
Aug
9%
„
10% Aug 18
2% July 3
*16%
27%
16%-
7,900
14%
Jan
28'% July 10
118% Jun
8
4%
38%
16
No
No
Goodyear Tire & Rubb—
No
$5 convertible preferred—No
Gotham Hosiery
No
112%
4%
Jun
9%
151
130'%
131% Apr
Apr 26
Jan
3
14%
16'%
•
14%
50
1
1
100
Co__
Stock Telegraph Co
$5 preferred 1
600
110
110
*110 Va
Jan
Mar
3
3% Aug 11
Apr 25
17%
38%
*
48%
48%
134
Apr
5
Apr 11
Jan
3
Jan 12
110
No par
No par
Brewing
Goodrich Co
,800
4,600
5%
6
28
Dec
Aug
Aug 15
134
Feb
4
Jan 28
Jan
3
Jan
3
4%
16'/a
"
102 »/4
Jun
43% July 12
134
July 31
4
17%
38'/4
'
-
37
•
24%
Gold &
4,600
53%
102
48%
300
51
Apr
11%
39% July 11
10
Jun 9
22% Jan 20
Apr
53%
Jan
19% Apr 25
No par
(Adolf)
tGoebel
Jan
Jun
6%
29'% July 12
Jan 11
18%
6%
1%
19%
112
1 '/a
5'1%
No par
preferred
conv
Gobel
2,400
37
152
Mar 18
51%
125%
36%
4%
No par
No par
(The)
Jun
143/4
107
102 Va Aug
10
Jan
Oct
Jan
9% Jan
Jan
11% July
14
4%
13%
37
37
*23%
52%
4%%
32,500
»
121%
121%
102%
500
51%
115
100
preferred
3
102»
9% July
14
*17
13%
121
$6
Glldden Co
30% July
28
51
155
102
No par
preferrsd
Jan
19'%
4% May
50% Aug 17
128
1
No par
Safety Razor
147/8
Jan
par
preferred
conv
Jan
14% July 20
14
17%
4%
4%
,17%
*13%
13%
*37'/4
5%
'
4%
4%
17%
*17
18
*17
5
110%
111 '
111
15
48
48
47%
111
14%
15
14%
111%
*110'%
Ill
111
*110
•
15'%
15
102%
103
103
47%
52
51%
51%
51%
103'/a
47%
121
120%
120 %
51%
*103
103%
103%
47'%
120
51%
•>> 51
51
51
121
121
121%
121
121
$5
Jan
71%
No par
100
Glmbel Brothers
Jan
1%
9%
5
4
14% Jan
Gillette
17,200
13%
86%
17%
Jun
July
Jan
Telephone
4 Va %
4%
Dec
2%
5
July
107'% Jan
76
20
13%
24%
*51%
*103
>
86%
*
24%
24%
3%
800
24
24
24%
24'/4
13
29
Jun
Jan
1
preferred—No par
Corp
20
Gen Time Instru Corp
No par
i
6% preferred
—100
General Tire & Rubber Co
5
112%
31%
7%
General Shoe Corp
General
Jan
2%
1
preferred
17
7% July-10
10c
Realty & Utilities
Sep
38% July
18% July 10
par
Ink-
Railway Signal
75
Dec
4
No par
No
Equip Corp
15%
Feb
3
Gen Steel Cast $6
I,700
1,500
*104%
85%
16%
16%
25 Va
80 Va
No
—
Jan
4% Jan
40% Jun
Deo
May
29%
16
V % Jan
10
$6 pref opt dlv series
General Refractories
900
19
19
99
13%
87
98
*97
98
*96%
98
13%
16%
16%
<
13%
*84%
2,900
*110%
23%
105%
87
*85
*103
23%
24%
106 i'
13
13%
200
79%
112%
*103
104
12%
12%
86
12%
15,200
29
29
29%
'?• 23%
23%
24%
24%
24%
24%
24%
,
78.% > 79'/4 V
24% "24%
112%
29%
*109"
-
preferred
14
Dec
50
Jun
18% May 20
Feb 24
Outdoor Adv A
6%
1%
87%
23%
>
19 '
23%
18%
Gen
2 Va
24
78%
Gen
87%
~2%
88
23%
24%
29%
■'■>
89
>*88
18%
24%
2
5%
11
Jun 21
Apr 28
Jan 24
Feb 8
Jan 3
35
Gen Public Service
*120
*120
2%
Jan
10 '/8 Feb
100
General Printing
1,700
26
21
Feb 16
Motors Corp
Gen Precision
300
19% May
Jan
7% July 10
140
Common
11,400
2 Va
Jan
25'/4 Apr 19
preferred
$5
Gen
1,700
10%
*1%
10%
16%
Apr
9% July
53
54'% May 19
2'/4 Feb
200
2%
5
12
113'/8Aug 11
4,300
10 '/4
22%
10
54
■
No par
General
100
>
2 Va
21%
78
r'U
12'/4
25%
2%
89%
*88
52%
12
2 Va
*119
"2%
2%
129 %
*51%
12 Va
10
24%
25
*24
*119
129%
52%
22%
2 %
1%
130
11%
13% July
Feb
18 Va Jun
No par
5%
21,700
Jan
3
par
Jun
9%
par
No
Jun
22%
39%
47% July 18
1
3
preferred series A-No paj
General Mills
No jpvrr
340
63%
4'/2 Jan
$6 conv
100
108
July
39%
Jun
7
$4.50 preferred--
i
20
:
131
130%
63%
*51%
12'/a
9%
10
1%
25'%
23%
23%
78'%
11%
9%
2%
25'%
12%
21%
>
9%
52
v
109
Jan
5% July 10
Gen Gas & Electric A
60
II,900
3%
135
Jan
Jan
17
81% Jan
Corp
Foods
General
Jan
97%
42'% July 12
Jun 20
—No par
General Electric Co
Jan
IS3/,
114
—100
preferred
31%
14% Mar 28
No par
100
preferred—
cum
;* 7 %
:
19,700
114 y2
*105
V
7%
„
—
!■
36% July 11
13'/4 Feb
1
Jun
jun
July
3%
25'/2 Feb 10
16'/2 July 19
No par
No
A
General Cigar Inc
3,500
63
130
130
52
52%
12
12'%
"129
130
*52
52%
*51%
107
62%
62%
62
62%
62%
63
43
*132%
107
60
:
38%
3%
3%
135
130% 130%
130%
900
1,000
153
*114
114%
114%
3%
3%
3%
130%
89'%
*96%
1
Class
2,400
27%
42%
,
108
*88'%
16%
114%'114%
114%
.43
General Cable Corp
38%
'
38'/2
3 8'/a
42%
"2%
29%
5
38'/a
4,300
100'/2
,
27%
*150
135
89%
*103
38%
42%
3%
>
152
150
155
*150
V
> 100
27%
2,900
General Bronze Corp
18
17%
18
100
>- 27%
*105
*1%
*24%
V'
: 27%
*131
2%
23%
152
18
100
17%
1100
27%
38
*114
*119
*110
100
27%
preferred
r' $8
6%
:">• 6%
130%
"2%
'■
>17%
102
20
10%
10%
6%
133
25%
78%
10%
6%
108
*119
23%
10%
6%
6%>
5,500
-
>
43
30%
5
51
503%
Jan
12%
7
4
105
>41%
7%
143 v
6%
19%
Jan
253%
5
3
No par
Jan
42
V
Jun
105
2% Jan
No par
5
5
No par
5
Nov
28
3
1
$6 preferred
Gen Amer Transportation
General Baking
98%
19»/#Jan
13
5
50
;
Jan
8% July
15
Jan
2% Jan
Industries Inc
Wood
Gen Amer Investors
5,400
9
155
78%
Dec
8
17% Jun
Jan
Jan
12'/2 Jan
par
Jufy
36
4
No par
Co
25%
58% Mar
18
Ao
(The)
Co
Jan
Apr
Jan
23% July
No par
1
Inc
Apr
15
May 13
23
Apr
preferred
6%
253/4
4
103
18%
5
18
Jan
29'% Jan
Gaylord Container Corp
5'/2 % conv preferred
100
50%
*151
10%
10%
Gar
I,800
107
8%
8%
155
*150
*130
2
•.•>' 18% %
>
V:
49%
..T
*105
*21% *22'%
*88
8%
8%
155
50%
48%
<? 133
12'%
2%
48%
14%
*106
107
Co
6%
10
53
*14
14%
14
*106
130%
;
25 %
13%
*52%
53
*52%
53
108
52%
*2
3,000
18%
135
130'%
9'%
■
3%
•*129%
62%
-
*51%
v
22,900
-"42%
>:
42%
*113%
130%
12
7%
18 '/a
7'/a % 7%
18 Va
*131
108
*129%
62%
iVa
17%
>
41
*16%
-'*105
*104
*129
150
150
3%
;
27%
38%
v*>
135-
:
100
102 y4
38%
■42%
42%
Gardner-Denver
7%
8%
17%
*17
18
17%
27% >27%
113'% •113%
>'3%
Gamewell
100
106'/a
"150
6%
101%
38%
?
510
17'/4
48%
10%
6%
150
38'%
r
10%
6%
•'
*148%
* 131
10%
•
101%
28
42
17%
'
17% '17%
10J.
*27%
41%
13%
8%
6%
•/>
41%
.*16%
106 Va
■
152 %
10%
10%
6'%
Galr
200
18
*52'/4
V.
'14
8%
152
152
*149
152
-
13%
9
8%
53
53
48%
48
47%
8%
Gabriel Co
8,000
17'/a
6% :
17%
*106'/a 107
47%
48%
107
6,600
4%
Jan
100
(The) c\ A
(Robert)
6%
16%
6%
6%
7
16
20
13%
70
30'%
-1
Co
293/4
Jan
31% Aug
5
20
Trailer
preferred
41%
*16%
6%
17%'
•4'%%
4%
40
17'/a
Fruehauf
120
*16'/2
'
6%
;>
13%
*13%
13%
107
:
54%
*53
54%
*13%
*106
18
■:
Freeport
1,500
Jan
10
Sulphur Co
1,300
1
41%
114
Dec
Feb
3%
66'% Jun 22
53'%
No par
pfd—100
July
105 % July
383/4 July
3
24% Jan
5 % May 16.
9
44'/4 Jun
11'/4 May 1
25
F'k'n Simon & Co Inc 7 %
4%
4%
16
17%
6%
6%
*17'%
*16%
16%
16%
*16% >17%
k 113
13
10
Corp
Francisco Sugar Co
10
>
Jan
109
13
19yB
Jan
13
3
Jun
Nov
Jan
.
18%
18
43
July 14
26 Va Jun 19
4
10
Corp
preferred
prior
16%
6 Va
4%
16
41
413/a
113%
6%
1,300
>;■■
32%
32%
41
>
•
Foster-Wheeler
16%
6'/a
16%
*16
43
>
41%
"
4%
4%
4%
>, 41
*1123/4
113
6
6
*5%
6
4%
.
.
4%
»:
32%
32%
41%
41%
112%
15%
105
*103
105
*103
32%
32%
33
41%
112%
'
i
104
41%
6
v-
io
104
112%
♦41
♦U2 y4
.
*lo
15%
16%
*15%
16
,
Machinery
,
10
100
1
Food Fair Stores Inc
59
"
23
50% July 20
Jun 27
4
May
11%
86
1015/a July 12
27% Aug 18
Jan
104'/4
34%
No par
Corp
22%
22%
22%
33
33
x33
33
<
*103
par
preferred
59
105
*15%
16
105
Steel
conv
21%
21%
*22%
22%
16
*103
16%
♦103
No
Co
37%
>>•.; 37.
par
No par
preferred
Stove
35 % Jan
18% May
par
No
59
21%
No
Stores.
(The)
Co
14%
59
21%*
22%
22%
,..♦22 y4
.♦>,
21%
21%
—100
preferred
Flintkote
*
21%
Corp
National
First
3,600
46'/8
46%
Enamel
4% %
200
300
,
4
51
4%%
Firestone Tire & Rubber™
7%
7
7'/a
*13%'
13%
37%
28% July 10
5
6,300
24 %
5
Mar
28
Nov
6%
Aug 14
10 3/s Aug
Jan '
110%
31
31
46
*58%
59%
*58
59
45%,
*45
46
*13%
7
45
24%
22
4
3'
Fidel Phen Fire Ins N Y
42%:.:',
*107%
.%•;>'
110%
*36 %
>
31
<*29%
6%
24
*107%
37%
*36%
31%
31
6%
14%
*5P
37
*42
x24
23%
110%
7
46
46
♦13%-
23%
*107%
31%
31%
31%
7
23%
*108
42%
Jun
24
Jan
Ferro
108%
103 Va
24
Apr
Jan
22%
210
>
26
17
-
No par
—100
1
$2.50
Dept Stores--—
conv
preferred
4.600
•
105
No par
i;70o
27%
49%
49%
21
Federated
1.300
101%
26
49%
49%
*41%
110 %
36%
1
108%
42
-
23%
v
36%
*35%
,
42
<;
*101 %
101
101
<
*107%
24 Va
110%
107 %
42
*41
*107%
<>
.
36 %
*353/4
101%
*100%
*100%
23%
49%
47
49%
4'iTa
101 %
V
23%
23 %
49 %
>100%
101%
23%
24
18
Jan
Federal Motor Truck
16.400
27'%
173/4 Feb
Jan
42
Nov
21
/
17
19 % Apr
5
_
1<±-/B Jan
o
14%
2
Corp
3% July
8%
413/4 Aug 18
26'% July 17
Jail
Aug
Jun
30% NOV
3
18
9-/4
100
Jun
29'% Mar.
t
% Jan
Jan
33'/4
Nov
9%
14%
Nov
20
4% July 14
25
78
Jan
5%
39'/4 Aug 14
% per share
Jan
3% Jan
29
21 % Apr
Corp_l
15
No par
Federal Min 6s bmelt Co_:
500
-
*
*100%
Light & Traction
$6 preferred
— -—
>
2% Jan
20
3.100
800
21'/a
>'•■27%,
-
3
Fajardo Sug Co of Pr Rico
22%'
10 %
93/4 -10%
18
Farnsworth Televis'n & Rad
•
-
9% Apr
Fairbanks Morse b Co
4.200
r
20%
>
;
12
15% Jun
21% Jan
2.50
Exchange
19
IZZIIZI5
Co
Corp
68%
July 31
y4 Aug 18
15
Apr
Highest
share
per
84
3
Products
J per share
78% Feb
U78
3.400
22%
'
1.300
T
13%'
*103
!
az%
*21%
r ;. :>
Evans
Ex-Cell-O
*26 Va
16%
16% -17
•
50
Cleaner-
Vacuum
7.600
:>
41%"
/
253/4
>>13
>13%
13
41
•
•>■
Eureka
3.200
■
■i'
37%
3%
v.
-
40%
-
104
22%
22
:
~
*103
17'/a
*^2%
'22
r
104
*103
.
22%
%
22%
*21 %
40%
253/4
17%
<
104
40
13%:
40
1
14'%
38%
4
12%
"v
17%
17%
■V:
;
-14%
24.800
Lowest
Highest
J per share
Par
*
.
Erie & Pitts RR Co
•'
12%
38%
38'%
Lowest
EXCHANGE
88
11%
14%
14 y4
4
26
40
:
■
25%
13 >
17%
*104
>■
26
/;
40
'
25%
;
14
♦84
11%
-
Shares
t per share
90
,-11%
' 38%
3%
3%
3%
♦84
11
13%
38 %
;13'/a
17%
>
13%
37%
4'/6
S per share
Year 1848
Range since January 1
STOCK
YORK
NEW
-
the Week
Aug. 18
Aug. 11
86 %
10%
11%
13%
39%
26%
.■■'.
'
♦84
86
10%
39%
♦3%
40
*39%.
♦83%
'
10%
13 %
*
4%
♦3%
;
86
Sales for
Friday
Thursday
S per share
per share
38%
'
13%
37%
S
per share
Range for Previous
STOCKS
SALE PRICES
AND HIGH
LOW
Saturday
Refrac
No
preferred
Hat Corp of Amer class A
6%% preferred (modified)
par
100
1
100
15 % Mar 13
11% Apr 26
33
38
,20
16 V*
May
5
Aug 18
July 3
106
Apr
11
111
102
Jun
14
106% Aug 11
15% Apr
24
21
Jan
6
150
138
•
5% Jan
14
104% Jan
5
July 24
July 10
Jun
8% Jun
110
8
27
July 12
13%
135
4%
86
Jan
Feb
Jan
Jan
;
18~3/4 July
144% May
7% May
109 3%
Oct
Monday, August 21, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
738
NEW YORK STOCK RECORD
AND
LOW
Monday
Aug. 15
Aug. 12
$ per share
*8%
3%
8%
8%
8%
Aug. 17
•
8%
8%
9%
*20%
21%
*71%
73%
*164
9%
84 %
19.900
660
•164
23
23%
23%
25
8.100
Hercules
Motors
No par
84
84
85
85
85
1.000
Hercules Powder
No par
75
132%
133
100
No par
128
Jan
18
63
Jan
3
70
No par
10
1
—10
114
Apr 27
*66%
121%
*120
25%
*24
*23%
23%
x227/a
45%
45 Va
45Va
17%
17%
17
17
17%
17%
45%
45%
45
43
43
*67%
69
*68%
2
2 Va
10
24%
*15%
15%
J
*17
17%
17%
17%
17%
45%
45%
*42%
43%
16%
17%
17%
68%
12%
*2
-
15%
15%
3
600
'
11%
12 Va
12
12%
35 V2
36
36%
*2
2%
10
*9%
9%
9%
9%
24%
25
24%
25 %
25%
13.700
4%
28%
17%
28%
2.000
6,900
Illinois
41
1,500
5%
*28'A
28%
28%
28%
28%
28%
28%
28%
IIs,a
17%
17%
17%
18%
17%
17%
17%
28%
17%
28%
17%
40%
*39%
40%
39%
40
39%
40%
40%
41
61
61%
62
463%
63%
63%
63%
65%
*15
15%
*15
*60%
61
60%
15%
15%
15%
18%
18%
38%
38%
*38%
*104%
104%
104%
18%
18%
18%
39
*38%
104%
86%
ll'/e
11%
*8'A
8%
*8%
37%
*36%
37%
*110%
9%
9%
*174'/2
*78'/a
174%
174%
>
11%
100
1,500
9%
10
17634
177
176
79%
V
3%
79%
174%
174%
174%
3%
16%
4,300
7%
'
6%
80%
*5%
5%
5%
5%
30%
18%
*5%
5%
30%
*131
3%
3%
7,100
Int
16%
2,000
International
76
300
&
Min
82%
83
10%
*9%
10%
83
82%
82%
82%
82%
*82%
82%
10
10%
10%
10%
10%
*10%
10%
10%
83
83
83%
83%
83%
83%
84
*44%
45%
45 %
45%
46
39%
39%
39%-
*39%
78
78
39%
*115%
"
126
*115%
127
'
18%
126
19%
18%
19
19%
19%
18%
18%
18%
18%
*18%
*17
17%
xl6%
46%
*16%
*38%
39%
39%
39%
39%
17%
*33
*96%
•;
33%
111 Va
97%
97%
97
*99
24%
*69%
24%
12 Va
19%
19
18%'
18%
18%
17%
17
41
—
97
.
25%
1.300
19
1,600
*17%
*40%
42
97%
97%
'
111%
'
3,000
a*
25%
10,300
> ; >
70%
70%
70%
70%
72
82
82%
82.
83
83%;
84
1,400
13
12%
12%
12%
13
13 Va
13%
1,200
21
21
81
82
82
12%
12%
12%
*20%
70%
..
■
300
Teleg
5
9%
Nov
6%
Jan
8% July
21%
Jan
38 % July
115
Mar
Nov
9
Mar
6
Jan
9% Apr
144%
Jan
177
Aug 17
56%
81% Aug 18
162
175% July 11
177
177
;
%
Jan
30
11%
Jan
19
Mar;
55 Va
Jan
67
July
3%
Jan
6% May
36% Apr
Aug 10
18% Jun
5
25
Nov
3
135
July 11
Aug
3
129
Dec
20
Feb
11
85
July 18
3
12 % Jun
4
92
Jun
13
46
Aug 16
39
Jan
13
39% July 28
28
Jan
3
78
36
127
3
Jun
July
July 20
78
6% Jun 28
3%
7
Feb
Sep
74%
Jan
Jan
32% July
12
July
Jun
:
4%
138
July
8%
Jan
143/4
Dec
45%
Jan
69%
Dec
21
3%
Jan
: 11%
Jun
20
37%
Jan
71% July
44
Apr
38% July
-
.
Jan
60
Dec
Jan
115
July
6%
22
2
Jan
July
102%
6
,19% Aug
v
•
Jan
16% May
Jan
12
20% Aug
3
6%
15
Apr
19
20% July 10
9%
Jan
No par
15
Jan
4
19 % July 17
10%
Jan
18
Jun
%
29
Jan
6
45
July 27
27%
Jan
32%
Apr
138% Jan
17
141
Mar 15
Jan
145%
Jun
13% Jan
3
-
1
preferred
Jarvis (W B)
1
Co
Jewel Tea Co Inc
26
10
99 Va Mar
100
Jun
19
70
Jan
78
90
RR
May
20% Jan
Laughlln Steel
15
8
95
3
27 % July 10
5
70% Aug
66 V2 Jan
4'
; m a Jan
14
July
Aug
79
Aug
Jan
26%
Apr
Nov
65
Apr
Dec
8%
4
July 10 ■*
13% July 5
34
64%
87
-
16% July
19 Va
;i
.>
109% Aug
92% Sep
54
May 25
Jan
58
__
5
>
Feb
Feb
July
18% Sep
w
Jan
37
110
84% Feb
No par
stamped__100
No par
5% pref series A
100
5% pref series B conv
i—100
Joy Mfg Co
1
Chicago
9%
18% Jun 16:;.
Apr 22
27
100
Johns Manville Corp_„
135
16% May
,
107% Jan 21
No par
preferred—
&
Jan
6
11% Jan
Island Creek Coal.,
Jones &
106
3
8% July
3
11% Jan
Apr
Dept Stores_..4—No par
Intertype Corp
4% %
15%
10% July 10
19
117
Apr
7
Jan
,35%
(56%
No par
No par
100%
168
July
/78% July
8% Mar
68"% Jan
39% Jan
par
100
Foreign share ctfs
Joliet
"
25%
25%
25%
J]—
99%
*99
*99
'■<
25%
400
33%
109 %
98%
98 %
.1700
17%
*33
*
111 Va
•
Interstate
Jan
7% Feb
50
preferred
Intern *1 Telep &
$6
17%
17%
33%
*33
*109 V4
■
800
*141
UlVa
24%
'300
17%
70%
70 %
*70%
31,800
19%
18%
109 %
*99
'
— -
19%
19 %
42
17%
17%
33%;
7%
,
12% July
3
66
No par
Silver
International
126
No
—
62
40% July 17
114% Mar 13
13
130
_IL100
preferred
International Shoe
200
17
*40%
5%
International Salt
18%
v.
preferred
conv
Inter Rys of Cent Am
260
2,300
19
97%
97%
25
25
.
5%
4
Jan
;
5
13% Feb
100
-—15
100
No par
Co
28
1% Jan
15% Jan
65
No par
i.
Paper
/
19%
*19%
*141
33%
*
*115%
i
Preferred
'~HS 300
>
39%
19%
19
-
41
-
*17V4
17%. >
33%
UlVa
81
12%
*17
40
70%
•
81
18%
18%
109 %
*99
■
24%
70%
81
19%"
v
>76% **78
126
-*115 %
126
39%
78
18%
17%
33%
*
•
47
700
•
85%
*46 ■■}■'■
v'
39%
78
■
*141
*17%
33%
*109%
Ill Va
*99
*
17%'..!'
17%
-
34
*17
*109%
39%~
*115%
47
39%
2,100
*85
85%
*46
77
*141
*141
*141
84%
84%
19
18%
19
19%
*19
*.<
79
-
-
.46
39%
39%
*77%
*115%
79
*77
.
i:
82%
10
'
International
4
*82
45%
Int Nickel of Canada
14,500
19%
82 3
*44%
20,500
133
19%
29
25% Apr
100
1
International Mining Corp
30%
30 %
*130
19%
Aug 14
4% Jan
...
5
Chem
preferred
3,100
19
Jun
67% Apr 25
165% Jan
25
Hydro-Elec Sys class A
4%
5%
19%
18%
19
Apr
164
X87
9% May 11
7% Jan 28
100
76
5%
Nov
158%
6
3
par
16%
31%
3
May
May
19% July
44% Jun
Nov
86%
No
3%
132%
32%
par
Harvester
13
42% July 12
29% Apr 27
109% Jan 27
Preferred
Jan
104 % July 12
No
International
4
31% May
.
104% July 26
1
Machines
76
30%
par
48
8
3,
820
*131
133
71% Feb
Jan
14
18% Aug
27
16%
5l/4
5%
31%
30%
.:
133
*131
18%
18%
18%
5%
30%
133
*131
133
18%
V
30 %
30%
30 Va
*131
Mar
158
<
16% May
Jan
Jan
Jan
6% Jan
154% Feb
9,000
5%
88% Jan
par
20
'
■
Jun
100
pa*
8
18%
37
IIVb
6% Jan
Int Business
81%
35% Apr
par
;
Jun
17
No par
1,600
175
4
25
8
No par
3%
*75 %
76
16% July 11
Jan
15% Apr
No par
100
Rubber
19,100
80%
4
Inc
preferred
Intercont'l
10
174%
146 : Jan
26
67% Jun
5
par
Jun
7
44
No
Corp
\
19% July 10
3
Interlake Iron
177
9%
177
29% July
25% Jan
100
Insuransharj»s Ctfs
16%
16%
75%
1
174%
79 %
174
3%
■
*16%,
76
*75%
7%
7%
260
111
111
111%
2% May
3
No
No
No
No
Co
Interchemical
Jan
,
8
25
Inspiration Cons Copper
8%
38%
Steel
u
Aug
Feb
preferred
6,300
*8%
38%
111
6%
11%
11%
8%
9%
%
Ingersoll-Rand
Inland
38 %
9
176
■i
1,200
*8%
111%
A
85%
85%
11%
Rayon
$4.50 preferred
•
37%
8%
9%
'
600
105
*104%
86
86
7%
.
200 *
*161
7%
3%
'■
76
*
104
104
7%
16%
3%
16%
*75
Industrial
38
*111
79
78%
*174%
3%
16%
76
1,100
39
104%
7%
176
78%
16%
3%
3%
16%
9%
176
1
174%
78%*
78%
174%
*75
176
175
175
39%
104%
11%
8%
*36%
111%
7%
9%
9%
•
111
7%
7%
7%
39%
104 %
70
*103%
86
11%
8%
38
*36%
111%
111
111
7%
Indianapolis Power & Lt
*161
85%
11%
*8%
8%
38
1,000
103
103
86%
11
11%
11
200
18%
*161
*86
87
x87
%
86
14%
18%
38%
.
*161
*161
*161
14%
104 %
11% July
10% Jan
1000
15%
38%
29% Mar
4
ctfs series A
See
RR
10%
—100
18%
July
Jan
100
15%
•
Nov
9 %
Jan
6
luu
18%
July
68 Va
4%
1% Jan
24
114
22%
16% July 27
6
57% July
Jan
Mar
59% Aug
3% Jan
41% Apr.
2% Jun
28 Va July
•
j
Jan
4
lines 4%
Leased
44
105
%
Sep
July
July
Jan
4
,6% preferred series A
880
17
Jan
8% Feb
Co
15%
*103%
103
*102
103
103
104
*103
18%
39
,v
•
45
Jan
%
1
18%
18%
104%
*40%
Jan
9%
4%
2% Jun
10% Jun
20
RR
Central
36%
;
30%
11
12
22% Mar
Idaho Power Co_„
17%
4%
42%
37% July 10
100
Hupp Motor Car Corp
5
Apr
Aug
Jan
5
21
1% Jan
6
No par
No par
Ltd
17
117
28
30% Feb
Jan
17% July
Sep
Jun
8
100
preferred
non-cum
62.100
4.800
16
4%
*15%
5%
4%
15%
15%
4%
-
13% July
63
Jan
115
.
70 % July 11
3
Manhattan
&
Hud Bay Min & Sm
Hudson Motor Car.
4%
60 %
Hudson
300
'
25%
4%
Co
3
7% Feb
of Texas v t c
Howe Sound
:
Feb
25
1—5
Houston Oil
2.300
2%
14
40% July
'
31
3
69 Va July 10
113 % Aug
25% July
Jan
12%
30
3
5%
Aug
21% May
Jan
7
17
Jun
Jan
*2
15%
Jun
18
Jan
35
5
45
54
2%
15%
1
3
108
*9%
Xl5%
May
No par
10
16%
42
118
Jan
28%
47% July 13
preferred
100
Houston Light & Power Co,—No par
25
15%
4
Household Finance
*9%
25
Jan
July
14%
3
39
71
16%
Aug 15
Apr
Jun
87
136% Aug
Jan V
100
,
Aug 18
18
160
12;200
Jan
117
400
68%
68%
49
13
13% Jan
29% Dec
Jan
Jan
23
—No par
B
Apr
Aug
Dec
Feb
17%
4%
*104%
12%
5
-
—
71
172
73
13 % Jan
68%
Class
'
Jan
Jan
56%
128
17% Aug
10
>100
12%
35
2%
Houdaille-Hershey cl A
46
110% July
MM*
19
23% July 11
,
3% May
Jan
Mar 10
Aug
Highest
10% May
Jan
'
152
July 20 '»
24% Aug 18
2
6.800
4%
*40
1%
V
25
116
No par
100
—12.50
No par
preferred—
Homestake Mining
2.700
114
*112%
68%
7 %
10
13% Jan
5
Holly Sugar Corp
2.200
35%
12
35%
'•
*67
Hollander & Sons (A)
19% Feb
20% Jan 21
36% Mar 4
43%
*67%
68%
114
Holland Furnace
400
46
17%
'17%
*67%
*112%
'
69
69
69
17 Va
68%
113
112%
*42%
(Del)
400
17%
45%
43%
(C E) The
Hires Co
.300
:
v..
45 %
45
*42%
.
*117
117
117
23%
*17%
17%
17%
118
*117
*23
23
24%
24%
•>.
17% \
*2
9%
9%
*0%
24%
17%
11%
36
*2
Va
17%
35%
12%
35%
12
35%
*2
46
68%;
*68%
11%
11%
35%
46
114
*113
69
46%
43%
17
113%
113%
*45%
45%
68%
68%
*68
23%
23
Hinde & Dauch Paper Co
100
24%
45%
'
*42%
17%
16%
16%
122
24%
45%
.
45
45%
43 %
*120
25
*22%
18
17%
*116
*42%
*23%
17
17
*116
69%
120
26%
22%
*45
V/;
*24 %
preferred
Hershey Chocolate
$4 conv preferred
300
69
45%
22%
22%
*45
*
25%
69
6%
40
132%
132%
121%
*67%
121
*120
121
132%
*132
68 Va
*67
68%
,
'
122
133
*131
67
Jun
89
Apr 24
.
I per share
Dec
93%
7
Ang 14
134
67
68%
29
22% Aug 11
21% July 18
22%
*24
114
166
22%
*120
16%
6
May 24
75% Feb
6
Mar 11
*83%
25%
*67
63% Jan
160
$ per share
22% July 10
.
83%
68%
♦112%
preferred
20% July 24
22%
121%
17
W)
non-cum
108
83%
*24
*16%
(G
7%
8% Aug
28
Mar 13
22%
131%
131%
*116
Co.
Helme
60
2% Jan
99
25
15
25
100
Co
Glass
9 %Jun
6% Apr 28
1
9
Corp
Lowest
v
$ per share
22 V2
*120
*66%
;400
162
182
166
*162
Hecht
73
*71%
73
*71 %
21%
21%
21
21
73
166
166
Hayes Mlg
Hazel-Atlas
$ per share
85
*83%
133
*71%
166
106
Hayes Industries Inc
6,600
7%
7%
7%
106
106
21
*20%
73'/a
*71%
166
22
22%
84%
21
*20%
73'/a
160
166
*22%
*130
20%
20%
*72
7%
106
Highest
^
Par
_
106%
9
9%
9%
•
7'/a
%
106
106
105%
106
7
7%
7 Va
7%
7
105%
Year 1943
Range since January 1
Lowest
♦
#
Shares
t p*r share
'
7
105%
6%
105%
Range for Previous
'
STOCK
EXCHANGE
NEW YORK
for
the Week
.
$ per share
g per share
f per snare
jr per snare
STOCKS
Aug. 16
Sales
Friday
Aug. 18
Thursday
Wednesday
Tuesday
Aug. 14
Saturday
SALE PRICES
HIGH
Jan
;82 /
Apr
12% Jun
'
K
'
20%
20%
20%
20%
*121
*121
"121
21%
;■
21%
22%
*21%
*121
*121
*121
9%
"9%
9%
*32
34
32%
32%
*32%
33%
33 Va
33%
15%
15%
16
16
15%
16%
*16%
16%
16%
16%
21%
22
22
22%
22%
22%
24
24%
*22%
23
*22%
23
*22%
23
23
18%
18%
*18'/a
18%
*18%
18%
18 Va
112%
112%
*9%
r33
10
*9%
10
33
-
*
10
\ 10
-
800
21%
■
—
9%
10
'
2,200
City P & L Df ser B
Kansas
City Southern
preferred
500
16%
1,800
Kaufmann
24 "2.
24 Va
24%
2,400
Kayser
23
23
23
23
>200
18%
18%
18%
19
2,500
114%
*22%
33%
18 Va
23
33%
*16%
*112%
114%
;
1
4%
No
non-cum
&
Co
Kelsey Hayes Wh'l conv cl A
Class
B
;
112 %
114%
*112%
114%
*112%
*112%
114%
31%
31%
31%
31%
31%
31%
31%
32 V2
33
32%
33%
27,000
*22%
23%
*22%
23%
*22%
23
23
23
*22%
23
22%
22%
200
Keystone Steel & Wire Co
*39
40
40
*39
40
40
40
*39
40
*38%
40
200
Kimberly-Clark
40
6%
6%
6
6
67%
68
68%
70%
*24%
25
25
25%
6%
*6%
■
32%
.
6%
*6%
68%
69
69
69%
*69 Va
25 Va
-
25%
25%
25%
25%
6%
*9
10
10
*8%
35
35%
35%
35%
*34%
35%
35%
36
*35
35%
35%
35%
35%
35%
35 Va
35 Va
10%
10
10%
10%
10%
*10%
10%
86 Va
*85
86%
85
85
*84%
86
29%
29 %
29%
9%
*8%
*8%
6%
6%
6 Va
10
1,000
Kendall Co $6 pt pfd A
No
Kennecott Copper
No
Corp
70
70%
1,480
$5
25 Va
25%
3,700
Kresge
prior
preferred
(S S)
10
*9
35%
35
1,660
Kress
35%
35 Vs
35%
35%
1,000
Kroger Grocery & Bak
10%
10%
10%
10%
750
86
86
85%
86 Va
230
29 3i
29%
29%
29%
1,500
Kresge Dept Stores
& Co
-
No par
:
15
Jan
3
Feb
124
Dec
19%
Jan
121
25
5%
14 Va Mar 28
127
Sep
Aug
Jan
10%
Apr
Dec
29%
Apr
Feb
19
6
7%
Jan
17
Sep
4
24% Aug
17
11%
Jan
17
Sep
Jan
25
24% Jun
29
14%
Jan
24% May
13Va Jan 26
May 18
111
9
29% Jun
7
19 % Jan
31 Va Mar 4
Feb 17
'3
54 Va Jan 28
19% Jun
29
8%
Jan
16% May
Jan
19
39% Mar 11
4
17 Vs
115
July
May
102
8
Jan
113
Apr
July 12
28%
Jan
35%
23 Va July 11
15 y8
Jan
20% July
40% July 31
7*% July
7
25
Jan
34
.1%
Jan
70% Aug
18
34%
Jan
25% July 12
18%
Jan
34
,
Apr
July
/
*
6% July
58% July !
22
10
1
36
(S H)
,v
No par
Co
*9
9%
par
1
Kinney (G R) Co
70
25%
par
Jun
Jan
20
No par
No par
*35
9%
par
100
1
5
1
1
;
Dept Stores
(Julius)
120 %
6%
19%
13 %
17
No par
*12%
21% Aug 18
16% Apr 27
10
Kalamazoo Stove 81 Furn
Kan
1
10
No par
>
Feb
11
24%
Sep
6%
27%
31%
Jan
25
:io
July 13
2%
Jan
10%
Apr
Jan
4
36
Aug 16
23 Vb
Jan
32%
Jan
4
36% July 22
24%
Feb
9%
Jan
Sep '
32% Nov
P
10%
86
*29 Va
29%
29%
29%
,
29%
24 Va
24%
24%
43%
*42
43%
43%
43%
43%
43%
44%
44%
10%
10%
10%
10%
10
10%
10 Va
10%
10%
10%
10%
10%
*28%
29 Va
20
29
28%
29
29
29%
29%
30
30
30
*120
124
125
*123
400
127
*24%
24%
*42
43%
*122
124
5%
5%
1%
24 Va
24%
*42
2
2
2
24 Va
,
125
*120
5%
5%
24 Va
5%
1%
5%
2
*24
*120
5%
1%
*24
24%
*122
125
5%
5%
1%
1.
1%
5%
5%;
1%
•
1%
,
■
■
.
500
/
Lehigh Valley RR
4,100
1%
26%
25%
25%
25%
25%'
25%
26
*25%
26%
1,200
35
34
%
34%
34%
34%
35
35%
351,4
35%
1,400
*20%
21%
20%
21
*20%
21%
20%
20%
21%
21 %
*20%
21%
500
41%
41%
41
41%
41%
41%
41%
41%
41%
41%
41%
42%
51%
51%
51%
52
51%
52
52 Va
52 7/a
53
531/4
53%
53%
8 Va
8
43%
*42%
8
*42%
80%
33
177
80%
80%
81
83%
*80%
83%
83 Va
*83
177%
177%
177
8 Va
8
8 Va
8
8 Va
8
43 Vis
*43
43%
43
43%
*43
*81
81
81%
81%
81%
82
83%
83
83%
83
83
821/4
177-'%
177%
*176%
178%
*176%
178%
178 %
*29%
31%
Portland
conv
Cement
preferred
Lehigh Valley Coal
6%
conv
Lehman
1,200
83
3,300
380
178%
113
Jan
4% Jan
_5
-
^.No par
.
t
Stores
Corp
6% Apr 24
39
8
25
Series B__
1
" 68 % Jan
3
67% Jan
13
—100
31%
*29 Va
31%
*29 Va
31%
31%
31%
39%
39%
39%
39%
41
41%
41%
41%
42%
5,600
Lima Locomotive Wks
38%
38%
38
38%
38
38%
38%
38%
1,545
Link Belt Co
No
174 % Jan
Lily Tulip Cup Corp—
No par
par
8
26% Feb
No par
38%
Jan
25
Liggett & Myers Tobacco
Preferred
5
36 % Feb 14
42
Jan
3
18 % Jan
3
36
'
37
Apr 25
Jan
6
Jan
120
Jan
'
ft Jan
30
July 11
21% Jun 21
Lehn & Fink Prod Corp
Dec
July
2%
6
2V8 Jun
11%
July 19
Jan
July
8% May
2% Jun
20%
'
Jan
32
14%
Jan
22%
Jun
Dec
Jan
38%
18
31
Jan
43%
8% July 20
5
Jan
30
Jan
July
53% Aug
3
48 Va Jun
27
83 % Jun
27
% Jun
26
181% Jun
27
86
313/4 July 10
43 Va Mar 16
42% Jun
27
Jun
24
36
x43
Oct
9
20
7% Mar 21
28 %
39%
29
107%
5
125% July
Jan
Dec
Jan
8%
5
July
31
4
38%
page-743.
26%
26
10% July
.
4
*29%
see
Jun
29
*39%
footnotes
19%
1 % Jan
31%
For
Jan
15% Feb
39 %
200
Jun
11%
29% Jan
38 %
■
3
Oct
29%
1
par
%
39
7
73
Jan
44% Jun
3
Apr 26
Jan
17%
50
No
38 Va
*30
21
19
Apr 24
Jan
16% May
35
May 31
(The)
Lerner
82
8
V
Llbbey Owens Ford Glass—No par
Libby McNeill & Libby
7
Life Savers Corp
S
500
..
17
July 12
24% Aug 18
30
17
preferred
Corp
5,600
10,500
45
38
.
100
50
—
1,700
.
8Va
Vb
5
2,300
4%
5%
17% Jan
No par
& Tire
25
35
8 Vb
Bryant
Rubber
Lehigh
26 Va
43 '
104
Apr
9 % Jun
10
35%
8
Lee
Jan 14
26
Jan
13
62
100
(The)
Lehigh Coal & Navigation Co.
26 %
43
Lane
3
100
No par
Co
preferred
9,800
26 %
,
5%
Lambert Co
1,800
4
*34%
■
Laclede Gas Lt
23%
62
Dec
62 %
Nov
171
July
Dec
8% Jun
41
July
71
July
73%
Jun
Dec
182 % Aug
Jan
28% May
24
Jan
44
May
34%
Jan
43
July
22%
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
Volume 160
;
Aug. 12
?
Aug. 14
;
$ per snare
-
Lowest
'
EXCHANGE
the Week
Aug. 18
Aug. 17
$ per share
$ per share
20%
20V4
26%
20%
20%
20'/a
20 Va
26%
26%
27 Va
1.300
26 %
17%
17%
17'
17%
16%
17%
17%
17%
17 Va
17%
17%
18 %
64 %
64 %
64%
64%
64%
64%
65
64%
65
64%
64%
50%
*
50%
50%
10%
10%
50
10%
*32%
19%
*161%
162
19%
*161%
162
162
*24
87%
*86
29%
*29%
29%
*32%
19%
Highest
19%
51
10%
10%
No par
58
1
68% July 10
42%
Jan
No par
40% Feb
24
52 Va July 10
37%
Jan
51%
No par
8% Jan
3
Mar 21
6 Va
Nov
11 % May
18 Va
Jan
V
24
88
*29
Biscuit
Co—
10
100
(P)
Louisville & Nashville
.
July 11
12
24
32 Va Aug
3
9
64'/a July
20% July 13
16%
Oct
Jan
5
148%
Jan
20% Jan
12
162% Aug
4
24'/a July 14
15%
Jan
69% Jan
3
90 Va Mar 17
59%
Jan
_
Oct
21%
17% Apr 29
151
Jan
31
-.100
Louisville Gas & El A
500
..
Jan
29
18% Feb
No par
goo ••
:
•
May
28
25
preferred
1%
50
24'/a
88% '
24
87%
29%
24
87%
Lorillard
2.100
161%
161%
,
Inc
Loose-Wiles
20
19%
19%
*161%
24
87%
*32%
33
163
25% Mar
-
Star Cement Corp..
Long Bell Lumber A
1.400
21% July
21% Jun
7
Lone
33
Jan
Nov
13
2.100
10 Va
10%
Jan
15%
12 Va
4
19% Jan
14% Jun
Loew's
*
12 Va
22% May 17
18% Feb
Lockheed Aircraft Corp
5.700
;
$ per share
per share
No par
No par
1
Refining Co
Liquid Carbonic Corp
10.000 1
.
'
50%
50%
50%
163
24
*86
24%
87%
v
50%
10%
33
*32%
19%
33
24%
*86
86
*32%
*19%
162
24%
24%
60
10%
19%
19%
163
*23%
10%
33
*32%
33
19%
:
50
64%
50%
10%
50%
10%
....
Lion Oil
700
26%
20%
26%
20%
*25%
20y4
26%
*25%
20%
$ per share
$ per share
Par
Shares
'
20%
X26%
2"0
*19%
YeHt 1943
Lowest
Highest
'
$ per snare
9 per snare
per s-nore
Range for Previous
Range since January 1
STOCK
YORK
NEW
for
Sales
Friday
Thursday
Wednesday
Aug. 16
Tuesday
Aug. 15
Monday
STOCKS
PRICES
LOW AND HIGH SALE
Saturday
Jun
163 Va July
22 % July
79
July
M
29%
29%
*29%
*
*139%
*139%
*29
29%
29%
41%
41%
41%
41%
41%
29%
29%
29%
28:%
29%
.
42%
42%
42%
43
29
28%
29%
29
29%;
105
105
105
*104%
105
105
104%
*15%
16
16
16
Xl5%
15%
*15%
*16%
17%
16%
16%'
16'/a
16%
16%
*350'
104%
17
*350
400
*350
400
*350
400
*350
400 r~-l
17
400
8%
rw". a%
8%
8%
13
12%
12%
*12'%
12%
*12%
13
*21%
22
*21%
21%
21%
*21
21%
21%
3%
3%
3%
3%
8%
8%
3%
7%
3%
3%
7%
3%
22
..,,'7%
8
7%
8
8
8
3%
17%
5,200 V
Manati
Sugar
200
Mandel
Bros—..
5,900;
Martin'(Glenn L)
17%
17%
16%
16%
16%
16%
16%
16%
16%
16%
36%
17%
17
17%
17%
17%
17%
17%
18 Va
18%
18%
18%
19
17%
17%'
10%
10%
10%
10%
-45%
X45»/4
45%
45
45
'
10%
10%
41
111
*110
*30%
*17%.
18
•
23%'
23%
23%
17%
*17%
53
"
53
32
53
23%
23%
1,900
103%
103%
300
12%
12%
12%
12%
12%
12%
12%
112%
*111%
112%
111*%
111%
*111%
112%
16%
16%
13
12%
*111%
17
95
89
*85%
88%
*35%
36%
*35%
11%
.11%
95%
*96
99
*87
1,200:,
Mead Corp
86%
36 .'
36
36
36
13%
13%
13%
-14%
13%
13%
13%
13%
14
14%
48
48%
49%
49%
49%
49'/a
50
49%
49%
37%
37%
37%
37
37
34%
34%
35
34%
35
406
38%
32%
38
38%
34
33%
34
34%
34%
7%
26%
26%
35%
*35%
35%
*35%
36
131
*130%
132 %
130%
131
52
51%
51%
51%
51%
40%
40
40
*35%
131
*51%
40%
40%
40%
112
*110%
108%
*108
*110%
108%
7%
7%
7%
7%
103%
103%
n
■
*103%
3%
3%
3%
7%
21
21
*20%
3%
108%
V
8%vi
8%
40
10,100
8 %'
104 V"
*104"
20%
21
3%
3%
3%
.3%
300'
106
21'/a
104
~
800
"
1,700
3%
14%
14
14%
13%
14%
14%
14%
37%
37%
37%
37%
37 Va
37%
38
*36%
37%
37 Va
36%
22%
22%
*21%
22%
22%
22%
*84%
85%
84%
84%
84%
84%
6,300
14%
14%
13%
14%
14
36%
*21%
22%
'
'
116%
*117
119
84%
116%
*116
117
*115
84%
116%
.
117
*117
120
*117
*112
113%
*112
113%
48
48%
48%
39%
*38%
*38%
39%
28%
28
28%
27%
28
21%;
21%
21%
21%
*21%
22
21
21
21
21
*21
31
31
31
28
28
31%
9%
9%
9%
9%
88%
89%
89%
89%
20%
20%
20
*76%
78%
*76
*49%
51
22%
21
21 %
21 Va
32%
32%
32%
10
90
90
21%
21%
21%
12%
13
*49%
51
13%
13%
*49%
51%
13%
12%
51
*49%
51
■
700;':
400
79
115
13%
30
?
16.100
13%
*49% ' 51%
B
preferred
Ine
Murphy Co (G C)
4%% preferred
Murray Corp of America
Myers (F E) & Bro
Mullins Mfg Co class
16%
16%
16%
16%
16%
16%
*34%
35%
34%
34%
*34%
17%
17%
17%
18
18%
18%'
4,300
National
11%
11'/a
11%
11 Va
11%
9,200
Nat Automotive
15%
35
35
*34%
18%
17%
18
17%
11%
11%
11%
12%
*11%
*12
12%
1,400
11%
11%
11%
11%
12
11%
12%
12%
12%
12%
12%
12%
4.000
12
12%
12
22%
22%
22%
22%
22%
23
22%
23%
11.400
22%
*171%
176
*172
176
100
20
20
20
400
176
*171%
20
*173
*11%
,
11
11%
2a
35
22%
22%
22%
11%
11%
12%
17%
12
12
11%
'
35
19%
♦171%
173
175
*19%
175
20
19%
173
20
20
*19%
Corp
Nash-Kelvinator
Chatt
Nashville
St. Louis
&
Co
Acme
National Biscuit Co„
Nat
preferred
Bond
& Share
13%
13%
-
33
32%
33 Va
Nat
33
33
7.200
32%
33%
33
33%
32%
22%
22%
22%
23%
23%
Cash Register
2.000
National Container
23%
X22 %
22%
22 Va
22%
23%
23
12%
12%
National Cylinder Gas Co
12%
4.200
12
12%
12%
12%
12%
12%
12%
12%
12%
24%
24%
X24%
24%
9,400
24%'
24% >
24%
18%
18%
19%
19%
19%
4.600
Dairy Products
National Dept Stores
12 %
*11%
12%
*11%
12%
35%
•35%
35%
36
'
14.700
33
33
13%
14 Va
12.400
*32%
18%
18%
"
*11%
24 Va
*18%
*11%
12%
34
33%
31
33%
*30
*30%
24'/a
24 Va
24%
19
18%
18%
18%
12%
*11%
*11%
12%
13%
13%
97%!
97
97
23%
23%
23%
*175%
176%
*146
147%
v;
♦175%
147%
13%
97
95%
24
24%
v
148
148
*147%
.
*18%
18%
18%
*18%
21%
20%
21
*32%- : 33%
*32%
32%
32%
32%
7 Va
6%
*20%
7
*66%
66%;
66%
67%
15%*
15%
15%
16
27%
27%>
27%
27%
87%
87%
*86%
92 %•
*90%
16%
*33
*91%
15%
15%
89
92.%
92 Va
92%
*9%
10
10%
10%
16%
16%
*100
89
*92%
v.
e%
89
89
94
16%
17
100
62
62
*107
109
108
19%
15%
15%
105%
*105
44%
44%
For
*29%
19
Xl4%
*105
x44 Va
108
30
19
14%
105%
44%
footnotes see page 743.
*107
*29%
19
14%
*105
44%
109
*28%
29
63%
29%
,
100
100
28%
100
63%
63%
109
12,700
3,200
16 Va
16%
5,800
-27%
1,500
89%
500
.
40
93
1,600
9%
v
,
9%
10%
10%
1,500
17
2,800
'17
28%
*100
'
*107
K
200
68%
93
IOV2
16%
101%
109
.
9%
10%
*62
19 %
9% v:
9%
*100
29%
"
7
1.700
27%
92% *92%
101%
*108
21%
33%
1,89%
'
27%
89
*100
64
it
16
27%
*28
*62
16
15%
10%
16%
19 "
68 Va
68
67
27%
28%
64
-
-9%
*28
30
6%
6%
10%
29
149%
33%
*28
,
130
21
33%
10%
16%
16%
'
!
*33
6%
v
;
177
*18%
H
21 Va
28%
*62
,19
21
101%
*27%
149
*18%
*148
9%
9%
10%
15%
27%
176'/a
33%
"
6% ;
■
200
9.100
176
;
'
28
89
•
16%'
66%
*27%
v
24%
*147%
66% ;.'67
66%
88
10%;
9% : 10
*10%
;
7
6%
/ "
95
24%
20%
'
•
7%
149
95
24%
24%
; 19
•
20%
700
.
28%
101
64
64
108
108
100
20
'
'•
I
300
-
90
30
30 %
30%
30%
2,700
29%
30 Va
29%
19%
19%
19%
19%
2,000
19
19%
19%
14%
14%
15
14%
5,700
105%
105%
105%
14%
106 '
45%
46%
14%
105%
44%
14%
*105
44%
45
*105
47%
48
;
100
2,200
11 Va
10
No par
1
1
No par '
No par
6
8%
Jan
16 % May
6
38 %
Jan
50%
14%
Jan
25%. Jun
~6Va Jaii
11% Sep
115% Aug
National Gypsum
Aug 11
101
9
Jun
Feb
Jan
6
July 18
67%
July 56
60
27
$4.50 conv
preferred
National Lead Co
:
No par
10
i% preferred A
100
6% preferred B_.*
£
100
National Linen Service Corp.——1
Nat Mall & Si'l Cast Co
No par
National Oil Products Co
4
National Power & Lt
No par
National Steel Corp
25
National Supply (The) Pa
;—10
$2 conv preferred
40
5 Va % prior conv preferred
10
6% prior preferred—
(„100
National Tea Co
No par
Natomas Co..
I—No par
Feb
Nohi Corp—
Nelsner Bros Inc
conv
No par
1
serial preferred—.100
(J J)
No par
preferred series A
100
Newmont Mining Corp
10
Newport Industries
1
Newport News Ship & Dry Dock
1
$5 conv preferred
No par
Newberry Co
5%
New York
Air Brake
No par
.
18
17%
28 %
5%
Jan
Sep
34% July
12% July
Aug 16
25
>
Jan
42
Aug 10
23%
Sep
32% Mar
Aug. 17
26
4%
Jan
34%
Apr
Jan
9%
Apr
:
5
:
18%
Jan
30%
July.
5
20'/a
Jan
317/a
Aug
5
106%
Jan
Apr
Feb
107
Nov
113%
Feb
3
Jan
8%
Jun
"108% Jun
9% Jun
23
'
5
<
30
64%
Jan
98
July
23% July 10
4% July
5
13%
Jan
25
July
%
Jan
111
Jun
3%
Jan
3% Mar
11%
Jan
17%
16% July
8
39% Jun 26
.
Apr
30% Nov
23% Aug 11
87 %
75%
July 13
Dec
24
113
Dec
119
14
116%
Dec
121
106% Nov
112% Aug
8
51% Aug 18
•*
«
Jun
92%
Jan
117% Jan
117
33%
Jan
Jan
40
July 14
31%
30
July 15
13
Mar
Apr
114% Aug
50
July
39% Oct
Jan
27%
27
9Va
Jan
17
July 10
11 Va
Jan
18%
24% Jun
23
Jun
Jun
Apr
33 % Jun
28
21%
Jan
31
Mar
10 % Aug
17
2%
Jan
7
Jun
53
Jan
77
Jun
24% July
15
Jan
23%
Jun
79
62
Apr
79%
Sep
111
July
July 20
90
3
Aug 17
116% Feb
117
5%
50% Aug
1
% Jan
Jan
Aug
11% July
34%
24
13% Aug 18
Jan
44
10
% Nov
Feb
1%
Feb
5
6%
Jan
15 Va
Jun
37% July 20
19% Aug
1
23%
Jan
40%
Apr
13
Dec
19%
13% July 10
5%
Jan
Apr
11% July
13% July. 12
8%
Feb
12 Va July
8 Va
Jan
15%
Jan
23
Jan
170
17% July
12% Jun
19
23% July 12
176
162
8
July
20% Jun
18
33% Aug
16% Nov
19
17% Apr
18
23% Aug 18
5%
20
177
Jan
Jan
Jan
6
7
57% Feb
11% Feb
5
25% Feb
79% Feb
83% Jan
8
4
6
4
3
4
3
4
12
4
13
4
24
8
Jan
5
35 % Apr
25
21% July
15% Sep
12
Dec
29%
Sep
11%
Jun
90% Nov
*■
20%
Dec
.»
Jan
178% July
<
137
Jan
150
14
14
■
Jan
Jun v
23
Jun
27
14%
Jan"
22
May
34
Jun
2a
27
Nov
36
Jan
7 Va Aug
10
July 20
17% July 10
30% Mar 16
70
89 % Aug
93% July
18
7
10% July 20
11% July 12
18% July 11
31
July
5
66
Jun
13
23
110
Jan
22
101% Jun
5
32
July
22
July 10
16
July 12
105% Aug 17
48
-
Dec
36
160
22% July 17
7
Jan
17%- Jan
1
Aug
Jun
Jan
70V* Jan
27
150
Dec
13% Aug
14% May
*25 %
14
25% Jun
29%
9% Mar
5
Jun
Sep
Jan
Nov
6%
37% May 24
33% Jun 26
14% July
10 Va
9%
Mar 15
100
Sep
Jun
Jan
14%
17
Aug
3
12
5
July
21%
10%
13% July 10
;
•137/e July
18%
24% Aug
Feb
97
110
107
Mar 17
,112
Apr 19
Apr
5
22
Jan
96% Jan
56
Jan
107 % July
27% Apr
16% Apr
13
Jun
July
58% May 29
Feb 25
Jan 18
*9
Sep
Jun
128
42% July 5
'110% Jun 15
1
13% Jan
i
July
5%
131
5
5% Jan
Feb
78%
38
5
3
3
3
20
25
Aug
Apr
89
Jan
28% July 10
'
Feb 17
8% Jan
3
26
Apr 18
12% Jan 17
xll% Feb 11
19 % Jan 3
13 % Jan 29
164
141
10%
.
-Jan
8% July
30% Feb 3
26
Jan 25
9
Feb 5
87% Jan 11
19
Jan 7
1
Co
Sep
Apr
35
s
13
;
Oct
29
39
Jan
3
Jan
8
Jan 31
Jan
4
May 18
11% Jan
preferred
—10
Nat Distillers Products
No par
Nat Enam & Stamning——No par
Sep
Jan
19
Mar
17%
113%
19 %
104
50'
3
Jan
Jan
Jan
16
4
1
18
.
Nat
4%%
Sep
22 % Aug
Jun
4
20
70
May 24
112% Apr 11
8% Jan 3
43 Va Jan 5
28
6%
95%
x95 %
*173
176
176%
21%
19
21%.
:
.24%
23%
*173
*18%
*18%
13% -13%'.
96%
*175%
176%
147%
-
13%
97
24
13%
13%
32%
31
v
13%
'
>
35%
31
*30%
31
*30
,■■■■--:
,
24
34
33%
33%
31
13%
*97
--
24%
110
Jan
37% July
8
15 Vo July 11
Jan
3
Jan
7
Apr 19
Jan 4
Jan 4
Aug 12
137/a
9
10%
9%
20%
165
Corp.—No par
National Can Corp
13%
13%
9.300
13%
15%
13%
14%
13%
33
13%
15
13%
*19%
:
Fibres Inc
/ 6% conv preferred
National Aviation Corp
7%
Oct
Jan
,
12%
13
87
Mar 30
15%
15%
36
100
-i
11% July 10
11 % Apr 24
%
35
3
Feb
7% May
28
96
5
100
1
1
10
5
10
100
*%
39.100
21%
N
•
%
16%;
...
Sep
Jan
19% July 20
Liquidating Co—_—No par
*%
18%
15%
Nabco
,
No par
..No par
No par
100
10
No par
$7
%
16
*34%
200
%
*%
Co
%
%
%
%
5
1
—1
Corp
Brass
15 Va
16%
26 Va
4Va
72
Aug
60
2%
13% July 10
21% Jan 11
No par
Munsingwear
/;
*%
Wheel
Motor
Mueller
280
*78
•••"
50
Essex
Motor Products Corp
23.200
V
*113
115
&
Morris
90
79
78%
*113
115
—No par
B
176
4an
25% July 10
22
17
5
41% Apr 26
35% Jan 11
preferred series C_.u
No par
Montgomery Ward & Co..
No par
Morrell (John) & Co.—.—No par
2.000
'r-
,22
Preferred series
1.400
10%
89%
X21%
<
;
2,200/
21%
33
Corp
27% Mar
Jan
Jun
8
;
preferred
$6.50
1,820
»■'.
28
'
77%
77%
39%
10
10%
10%
21%
*113
10O
22%" 22%
89%
13
13
13%
13%
*49%
27%
9%
115
*113
*38%
28%
21%
78%
*77
78%
30,900
51%
51
6% Jan
93 % Jan
17% Feb
2% Jan
8% Jan
29
Jan
20
May
74% Apr
111% May
114 % May
107% Jan
—1
No par
10
Mo-Kan-Texas RR
No par
7 % preferred series A_.
..100
Mohawk Carpet Mills
20
Monarch Mach Tool
—No par
Monsanto Chemical Co
—10
$4.50 preferred ser A
No par
Minn Moline Power Imp!
Mission
Nov
55% July
107% May 22
$4
22
V
30.
1
39%
89%
97/a
*20%
20%
115
*113
113%
113%
113%
90
9%
88%
120f
50%
31%
31%
31%
*117
*112
28
21
21
30
117
49%
'
21%
*21%
1,100
/
—
*38%
49%
38%
21%
31
4
38%
27 %
39%
400
85%
113%
*112
1,500
:i
22
85%
*116
117
48%
49
86
*116
*116
48%
49
X22
22 Va
85%
113%
*112
*112
*38%
22 Va
120
113%
'
V
:
Jun
July
19% July
^..100
preferred'serfes C
preferred series D
19%
32
37
Jan
32
4%
v.
-.108%
21 Va
3%
3%
8
8
'
*108
20%
106
20%
21
21
3%
xl08%
112
—
7%
43% July
165
July 10
21
4%%
__
.*110%
112.
Minn-Honeywell Regulator
4 % conv pfd series B
3,400
41 %
*108%
*110
400
:
51%
40%
Jan
Apr
112% Apr
__3
..100
..100
No par
8% cum 1st preferred———100
Minneapolis & St Louis Ry—No par
230
130
-
*51
40%
108%
105%
21%
130
130
.
51%
:
1,100
;v
.
May
1
28% July 12
4
Jan
Mar
Jan
24
18%
15
11% July 10
110
July
Dec
3%
27
Aug
44
*17
31 Va May
22
Jan
17
22% Jun
Jan
14%
9
Jan
9%
20
59% Jun
6% July
Jan
9
Jun
176
6
Apr 25
24% Feb 4
27 Va Jan 13
116% Jan
4
46
Apr
4
36 % Apr 26
105
Mar 13
108 Va May 3
—5
—10
Copper
'
'
7%
105
37
40 Va
*108
Mid-Continent, Petroleum
Midland Steel Products.
26%
36%
*108%
*103%
7%
.
*101
108%
108%
108%
5,300
26%
*50%
112
*110'/a
112
*110%
112
Miami
7%
130
*109%
*109%
*109%
*109%
Mesta
2,200
:
UVsAug
4% July
3V8
27
May 17
29
13
23
27
29
8Ve Jan
—5 /
Machine Co—.—
5,100.
V
Jan
8% Jun
Jan
3
Jan
4
Jan 3
Apr 28
No par
Mln Trans Co
Merch &
Sep
Apr
1%
51 Va May
37
24
27
Jun
12
19%
Apr* 4
5
2
Mar 2
Aug
8%
Jan
Jan
17% July 10
20% Mar 27
Mar 10
Mar 7
Jan
5
Mar
Jan
21
5
Dec
24% Mar
6%
114
•'
3%
15%
320
14%
Apr 27
Jan 3
Jan
3
.8
82
70
31 !4
—1
—50
(The)
1st preferred;
7'%
7
37
51%
40
1,200
26%
:;40%
*50%
conv
*
36%
131
130%
5%
1,530
1
7Va
36%
36
Mengel Co
4,100
14%
50
26%
26%*
26'/a
26%
,26%
26
7%
6%
7
6%
26%
*7 V
7%
*6%
38%
*38
38%
32%
37
14
50
Nov
7
Jan
Jan
Feb
Apr
Feb
Jun
Aug 10
4
Aug
No par
Nov
13% July 17
104
preferred series A
No par
$5.50 pfd ser B w w—i—No par
Melville Shoe Corp
1
Jan
15
315
9Vb Jun 27
••
14
Mar 20
May 1
Apr 18
Feb
9
$6
140
Jun
Feb 24
Jan 19
Jan
3
14
\
10
5
21
18% July
391
47
21%
97
,10
110%
16 Va
Co.———10
Mfg.
McQuay-Norris
130;
48
V
Co
preferred
conv
3,600
99
86%
35%
35%
36
*35%
•-V
6 %
,
22% July
32%
106 %
19%
16
109%
27
—18
No par
1
100
Inc
—
July 28
16% July
5
5274 Feb 4
4% Mar 6
.
5
Stores
McLellan
20-'
11%
11%
*96
87
86%
88%
■-
preferred
17%
17%
11%
95%
87
87
36
*85
17
11%
$4
1,000
13
112%
*111%
17%
17
17
11'/a
95
*11
95
*93%
17
16%
11%J''
11
11%
95
McKesson & Robblns
23%
103%
12%
11%
Mclntyre Porcupine Mines
23%
112%
*94%
1,800/
*103%
'*12%
*16%
18
54 %r
23%
30% July
170
—No par
McGraw-Hill Pub Co
500
17%
103%
*111%
preferred ww
McGraw Elec Co
1,200
23%
104
Corp
conv
54
*
18
McCrory Stores Corp
5%
32
53%
53%
McCall
V
116
103%
23%
23%
*163
104
104
104
52%
52%
52%
52%
*52%
*23%
17%
1,300
20
*111
,
31%
31%
31
18
*17%
18
*17%
31%
31%
31
31
19%
19%
116
$6 1st cum
.v
1,700
28 %
28
28
19%
*111
preferred
preferred
$3
10;
110%.
Jan
107
25% May
19% May
[
L
10
Ao par
—No par
No par
*
...1
100
1
Maytag Co
100
>-"
41
41
Wks
preferred
May Department Stores
1%
7,800
*110
*27%
19%
116
*111
116
*111
27%
19%
19%
19%
19
27%
28
27%
27%
116
10%
Co
Alkali
Mathieson
900
10%-
41
110
110%
,
Elec
Master
10..
59%'
110
*40%
41
*40
*110
31
30%
*103%
41
111
2,300
21%
*59%
10%
10%
10%
10%
*40
19
116
59
*110
*111
19%
19%
59
41
27%
28
*27
;
*111
59
111
*39%
*40
*110
59
10%
10%
10 Va
10
175
200 «'
175
*171
175
Corp
Masonite
2,200
No par
No par
1
No par
100
Corp..
Martin-Parry
19,600
28 % *
21%
21%
21%
176
58%
58%
58%
X57%
58%
45%.
*28
28%
*27%
21%
21%
•
10%
45
10%
44%
*171
176
*171
28%
*27%
21%
21%
21%/'
176
*171
176
58%
;
21%
21%
21%
10%
10%
44
;
45
*44 Va
-
28%
28%
28%
*27%
28%
*27%
*173
.
10%
10%
10%
15%
"
?'
19%
18%
2%
6%
12%
13%
16%
4%
37%
prior pfd..
No par
CO.—
;
1
Ry 6%
Market St
37%
38% May 27
"10% Feb
Marshall Field & Co
17%
10%
Corp
1,500
6,200
17%
17%
Midland
Marine
29.800
18
Jan 27
Jan
34 %
x26%
104
14
25
1
5
10O
Maracaibo Oil Exploration
Va
8
17%
July
28
Aug 1
Jun
6
Jan 12
14% Jun 9
•' 315
Jan 21
;
6% Apr 24
Manhattan Shirt
29
May
138% Nov
133
44% July 10
<
;—No par
17%
17%
17%
.
•;• 500
6,300
4
8
8'/a-.
7%
22
3%
4
17
17%
Co
8%'
12%v"
22
21%
Co
*
Jan
29% July 21
139 % Aug 11
No per
:_100
No par
..10
1—50
1
Garden
Magma Copper
Mahoning Coal RR
8%
'
13
*12%
.
12%
Va
8%
8%
8%
*12%
700
4
400
*350
Madison Square
600-
?
17'/a
17%
V
800
16
*15%
16
*15%
16%
135
No par
Inc..
Trucks
20%
6
Feb 21
25% Apr
100
Macy (R H) Co Inc
4% fo pfd series A—
-14,700 :
105
105
105
105
16
Mack
2,500
42%
10
Forbes
&
preferred—,
6%
28%"
42
29
MacAndrews
400
.
,
4 2'/a
'
■■t.
29%
*139%
*139%
*139%
139 %
L
Aug 18
2%
Jan
7%
Jun
Jan
64 Va July
5%
Jan
15% May
14 %
Jan
28 Va
Jun
57
Jan
80 y4
Jun
Jan
88
Jun
52
•
62
7% May
2%
Jan
6
Jan
10 %
9Va
Apr
Jan
19% July
16
Jan
25%
Oct
74%
Jan
98 Va
Nov
37
Jan
57%
106% Mar
26%
Jan
10 Va
Jan
12
Dec
94% Nov
27 Va
Jan
114
37%
18-a
Sep
Aug
Apr
Oct
21% Mar
102
May
44% May
SALE
HIGH
AND
LOW
Saturday
Monday
Aug. 12
Aug. 15
S
share
f per
per
«
Share
*
20
20%
19%
20%
19%
19%
19%
19%
19%
20%
19%
20%
*29
29%
29
29
29
29
29%
29 %
29%
20%
29%
25%
N Y
City Omnibus Corp.'
300
New
York
88%
89%
26
*25%
25%
15%
16
*16
17%
*16
17%
*16
17
*16
*36%
40
*36%
39%
*36%
39%
'•37
40
*36%
40
40
*36%
,
180
76
76
76%
76%
15 %
15%
15%
15%
40%
39%
39%
*39%
200
200%
200%
117%
.
*116%
*116%
*75
76
75%
15%
153/4
153/4
153A
39%
39%
*39%
40%
40%
40%
200%
117%
200'A
200%
202%
202aA
♦116%
201
117%
*116%
117%
*1163/4
19
19%
19
19%
19
19%
55%
*55
55%
*55
55%
55%
553/e
54
*53'A
*53%
54
*53%
54
533A
533/4
*53%
8%
8%
83/B
•<
16%
16'/4
16%
7
113%
115
*114 Vz
*1033/4
*103%
*103%
*103 '/a
8%
8%
8%
8%
8%
8%
114%
16%
16
16%
114%
26%
26%
27
27'A
44%
44%
44%
46
03/2
•:
*6%
53
*13%
13%
0%
6%
*52%
e%
*52 VB
53%
*52%
13
114%
28%
28%
7,100
47
47
173/4
17%
17%
6%
6%
13
163/4
Jan
32%
19
198'A Jun
15
63'A
Jan
132
Jan
54
f53%
13%
13%
13%
300
173/a
17%
18 3/s
13.400
Jan
Jan
3
14% Jan
3
July 25
193/8 Mar 11
33% Jan
4
41
Industries
77
183'A Jan
3
116'A Jun
29
153/4 Jan
10
52
Jan
26
553/a Aug 16
-50
51%
Jan
27
7% Jun
9
Feb
122
Dec
Dec
Dec
Dec
12% Nov
19% Aug 17
-50
pfd
May
26 3/s May
23
206'A Aug 18
100
-100
Ry
non-cum
28 Ve
.
July 17
.
.>10
Western
&
38
Jan
162'A
192'A July
Jan
113
2
July
Jan
Nov
,122
183/4 July
9% Jan
Jan
56%
Jun
Jan
56
Jun
Nov
49'A
143/4
Apr
..
—1
Aviation
American
533/8 Aug 10
V
-50
100
.100
xl3% Jan
3
112" Jan
31
1153/4 Apr
17% Jan
37% Feb
15
1
47
No par
4% Jan
3
7
—50
40% Jan
12
,
Telegraph
Preferred
July 21
6
104
4
18% July
101
Jan
107
.
1163/2 July
Jan
15%
36
Jan
July
x3'/4
23JA July
Jan
Aug 18
:
-
Dec
18% May
7% Jan
24
41% Aug
'
5
31
52'A Aug 17
Jan
6
July
45*
Apr
14% Oct
,
Jan
8%
27
Jan
Jan
12% May
8
16
17% Aug
8'
20% Mar 22
11%
Jan
45
2.50
Norwich Pharmacal Co——
Jan
8
91%
x287A Aug 17
-50
Airlines
48%
9% July 10
pfd-No par
.—No par
Norwalk Tire & Rubber
30
129
52,
Northwestern
1.800
*52%
6
*13
Jan
1
5
Northwest
240
52%
6%
13%
♦114%
114%
52%
63/s
42% Jun
-SO
Northern States Pow $5
520
28%
6%
Jan
3
22
Northern Central Ry Co
47%
53
143/8
18% July
30% Jan
Northern Pacific Ry
11.900
16%
114%
*6%
26
3
27
100
North
—
16%
*47
13
17%
*1033A
16%
x27%
*13
13%
10.200
50
*52%
28'A Mar 14
May
11% Jan
preferred series
5% % preferred series
.
600
8%
27%
53
13%
53%
114%
*46
6%
•r
100
27
46
973/4 July 19
743/4 July
20
24'A Jan
North American Co.
15,000
8%
/
„
267/8 July
Jan
__1
Adjust 4%
53%
8%
16%.
Jan
SLipbldg Corp part stk
Norfolk
2,640
19%
*55
54
*1033/4
16%
Jan
11
31'A
Lack & West Ry Co—
Y
N Y
Noblitt-Sparks
,500'
.
414
114%
26%
26%
%
16
10%
32 Vb July 20
3
$ per share
t per share
par
N Y & Harlem RR Oo
N
1,600
■{.
55%
19%
19%
55%
'
75%
117%
*1163/4
117%
19%
•
204% 206%
204
*55
19
19
*55
44
182
76
15%
*15%
40%
*39
"10
*175
76
15%
270
182
*175
182
76
76
'
15%
21 % July 20
4
Jan
'
*175
182
182
183
*172
*170
3
19% Jan
t per share
62
No
Dock
$5 non-cum preferred
-
par
-100
15% Jan
No par
No par
800
17
91
25%
16%
Highest
% per share
preferred series A
6%
3,100
91
89%
25%
Lowest
Highest
.
100
25%
90
25'/a
.»•
N Y Chic & St. Louis Co
25%
913A
25%
25%
89%
*16
No
Central
York
New
600
91
90
89%
25%
-
Lowest
.
Par
40,400
29%
88%
EXCHANGE
Shares
8 per share
8 per share
Year 1943
Range since January 1
STOCK
YORK
NEW
for
the Week
Aug. 18
Aug, 17
per snare
Sales
Friday
Thursday
Aug, 16
share
per
Range for Previous
STOCKS
PRICES
Wednesday
T-esday
Aug. 14
Monday, August 21, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
8
58'A Aug 18
29%
Jan
3%
Jan
O
17 3/4 7 173/4
17%
17%
56 V4
503/2
»55'3/4
503/4
55'A
553/4
553A
56
10'A
10'A
*10%
10%
10%
103/8
10'A
17%
10%
♦99'A
101
♦99'A
*11
ll'A
*11
«•*.
45
*71
45
*41
73
*41
-'-.V
*71
60%
00'A
13%
13%
*13%
*11% -11%
*ll3/«
102
11%
11%
23%
*41
*71
73
*71
45
*41
2.700
Omnibus Corp
m±mk
,:
'"
No par
No par
6
-100
10
Equipment
(The)
1.100
preferred A
Oppenheim Collins
8.700
113/a
24'/«
'
Farm
8%
Otis
110
102'A>
11%
*152%
45
*71
60 »/2
60'A
13-3/6
*13%
13%
*13%
10
Outlet
11 7/8
11 %
11%
11%
83/4 Jan
18
No
Co
73
73
60'A
61%
613%
3.400
*13%
13'A
;;
73
13%
13 3/s
13%
300
Pacific Amer Fisheries Inc
113/8
603/4
8
147
Marine & Mfg
Outboard
45
99% Aug
113/8
*113/2
117/a;
290
Pacific
150
1st
100
2nd
Glass
Owens-Illinois
Apr
14% July
18
Jan
Dec
Dec
107/8
21%
Jun
Jun
Jan
154
Sep
42% July 20
26
28'/a
Jan
38
Apr
46
Jan
673/4
Jan
8
73
29
64
64
10'/a
105
Jan
15%
1
213/a July
503/4 July
;
Jan,
3%
142
Mar 30
153
55% Feb
par
69
24% July 13
19
May 10
37% Apr
12.50
Co
113/4 July 19
1051/2 Jan 10
18
100
5
preferred
Feb
8% Apr
No par
Elevator
6%
10
(: ■'
conv
60'A
73
60'/2
61
10%
233/4
23'A
153
*41
10%
v
Oliver
7.800
58 3/4
*102
11%
11%
153
7
102
23%
*153
45
10'A
573/4
57
10'A
102
23
23
•
•41
73
00 3/4
*152%
102
11
22
.*152%
-
11
11%
22
22
22
22
*152%
102
100'A
001
56'A
Ohio Oil Co
Aug 18
,
Jun
Oct
July
64
543A Jan
19
P
12
*39%
41
*39%
41
39%
39%
40%
41 »/2
*20
21
*20
21
203/4
20%
21
213/a
16%
*13%
*
*13%
43%
43%
*43%
*159%
Pacific
160%
*160%
161
161
161
*1601/2
161»A
*1603/2
1621/2
50
6%
7%
63/fl
7%
7
7
7'/a
9,100
Pacific Tin Consol'd Corp
163/8
*15%
16%
16 3/a
4,900
Pacific
*15%
53/4
6
53/8
33 3%
57%
*105%
27 %
27%
263/4
32%
32%
*32%
1%
2
*14
*111%
14%
*14%
111%
4%
57%
*105%
22%
-
v
100
Panhandle
East
43/8
43/a
2,300
Panhandle
Prod.
571/2
600
4'A
*563/2
*1053/2
500
34
/
23
6 3/6
£'■
7
7
17%
17%
57%
57%
105
23
105
17%
*57
17%
15%
*14%
4%
4%
*17%
18%
*110
62
73/s
18%
4%
*
2
313%
.31%
*22
23
22%
7%
*17%
Park
8,400
Park
3,000
Parke
23
1,200
Parker Rust Proof Co
&
Davis
Parmelee
Inc
29%
29%
*24%
24%
*24%
No
*61
Mines & Enterprises
&
106%
105 3/4
1051/2
1,000
18%
18'A
183/4
11,500
15%
155/a
155/a
3,600
Perm
43/a
8,900
Penn-Dixie
1,200
$7 conv pref ser A
Penn Glass Sand Corp
43/8
62
18%
*17%
43/4
62
62
18
18%:
300
Penney
Coal
5%
29%
293/4
293/3
14,166
23%
♦243/e
243/2
100
(J C)
Airlines
Coke
&
1
10
Corp
Corp
No
Cement
29'A
24%
24%
24%
*24%
24V2
*23%
62
62
62'A
63 3/2
63%
64
63
63
1,200
Peoples G L & Coke
14%
15
14%
15
15
153/a
15
153/s
4,000
Peoria
55 %
56%
505/8
573/8
12,800
153A
153/4
700
82%
700
5%
prior preferred
5%
preferred
62%
61%
613/4
15%
15%
15%
56 %
56%
,
55%
56%
15%
15%
15%
I43/4
14%
82
82%
82%
81
81
*80
82
*
51 %
29
55%
14%
56%
15%
82
82
52 »/2
51 3/4
52%
52
52
600
29
29
29
29
29%
700
Petroleum
29%
*28%
*7%
7%
*73/4
73/6
7%
7%
7%
7%
*9
9%
*9
9%
9 %
9 %
9
91/4
*28%
29
(Chic)
Ry
Co
Pet Milk Co
500
*28 %
29
Eastern
153/a
52%
52%
&
14%
5i%
*52%
RR
Peoples Drug Stores Inc
565/8
51%
52%
Pennsylvania
57%
73/s
7%
*82
*73A;
8
Pepsi-Cola
par
No par
No par
100
50
5
100
.—100
1
100
100
preferred
28%
29
par
Co
Pere Marquette Ry Co
-
100
No par
5
Corp of America
'
*48%
49
9%
*9
*48%
49%
48:,A
48%
48 3A
48%
*48%
49%
22%
22%
>/4
22%
22%
22%
223/8
X22 Va
221/2
225/a
223/a
53
53%
53%
*100%
101%
101%
101%
101%
.i.9%
19%
19%
193/4
19%
193/4
193,6
19%
19s/8
25%
25%
*25%
25%
25%
25%
25%
2 5 3%
*255/8
53%
*53
*110
119%
*110
1193/4
*110
119%
53
533A
53
102
53%
102
102 »/8
102
*110
1193/4
34%
34%
3434
35
343A
34%
34%
90
90
90%
90
90
90
903A
*114
115
*114
115
*114
115
*114
115
*109
109%
109%
109%
*109%
110%
*109%
110 J/2
14%
*143A
*110
353A
90
14%
•
*110
44%
*11 %
27%
*6%
*68
*8%
113
111
45%
44%
*12
13
27%
6%
*6%
*69
8%
*78
79
*13%
*78
13%
6
*8%
8%
*88
48%
*60%
»*: 8%
97
44%
12%
27%
6%
6 3,6
69
8 3/4
*8%
'
*88
27
6 3/a
6%
70
69
8-3/4
'79
13-3/4
*12%
79
*13%
83/4
14
■:
*78
14%
13%
27
61/4
69
*114
-
112
115
*114
115
130
15
15
200
*113
115
10
*15
*113
15%
115
443A
iT
45%
*123/8
45
13'A
*123/8
27%
26
253A
455/8
8,500
13 3/4
100
26
2,300
6%
6'A
*63/8
6%
*68%
693/4
*68 3/8
69 3/a
300
9%
9%
9 3/2
3,100
80
14%
14%
8%
83/8
83A
8 3A
*78
143/4
400
80
20
14%
700
*170
*186'A
preferred
7%
6 Vb
8%
6
*8%
Hosiery
Plllsbury Flour Mills
Pitts Coke & Iron Corp
$5 conv preferred.
Pittsburgh Forgings Co
7%
,
Wayne & Chic Ry
preferred.
5,000
Pitts Screw & Bolt
83A
1,300
*73
74
74
74
18
18
18
18
23 5/8
233/4
2334
*23 5/e
24'A
300
103A
10%
10%
103/8
103/a
2,700
73
73
73
73%
*73
18%
18%
18%
18%
18
18 3/B
23%
23%
*23%
233/8
235/a
10%
10%
10%
10%
10%
74
<
62
t
1,420
20
-
Co.
Preferred
200
_1
(The)—
*23
10%
13%
*13
*41
55%
♦119
18%
i
23%
10%
•
13%
13%
13%
*13%
14
*13
14
*41
43%
*41
44
43%
55%
119%
17%
17%
QQ
99
55%
*119
13%
56
5 5 3/8
i
——
1C0
.
15
14'A
143/2
*13 3/2
14
14'A
*42
43%
435/8
44
445/8
453/8
561/s
56%
56%
563/a
563/8
553/4
14%
f
39,700
.
5%
400
119 3/2
17%
173/8
X98%
98 "2
97%
97%
97%
973A
97%
973/4
973/2
98'A
590
$5
102%
102 3/8
102 5/a
102 3%
1023/a
1033/4
1033/4
1033/4
400
6%
1023/6
xl 073/4
1073/4
118%
X116
108%
118
17»A
119%
1193/2
119%
173/4
173/4
11,500
108 %
108
108'A
1073/4
108
117
1173/a
117%
117%
117
1173/2
*118
118%
118%. 118%
*118
118 3/e
80
51'A
22,700
48%
48%
48%
48%
48%
16%
16%
16%
16%
163/8
103/8
4 8 5/8
49 3/2
16%
163/8
50 s/8
16%
100
preferred
—
Pub Ser El & Gas
pfd $5
Pullman Inc
Pure
100
No par
preferred
8%
Oil
163A
113
113
*113
114
400
6%
107 3A
107%
*107
107'A
200
5%
conv
23'A
1,000
-—100
100
No par
No par
preferred
1071/2
113
*113
113%
107%
107%
*107
107%
*107
23%
*23%
23%
23
23%
*23
233/2
footnotes
see
23
23
231/2
-
14,800
Purity
July
723/4
Dec
23/4
Apr
18'A Feb
7
23'A Jun
16
Jan
4% Jan
13
8% July 12
Feb
Apr
Jan
Jan
:! 32
May
19% May
l3/8
Jan
20% Feb
15
16%
Nov
29
583/4 Jun
15% Apr 26
51'A Apr 10
93%
13'A
9 Vb
2'A
17
20
51 »/2
Dec
60'A Mar
80
Jan
13
Nov
106'A Aug 17
18 3/4 Aug 18
7
18
17 3/s
3
5
10
July 14
Aug 14
33%
.-
9
16
Mar 17
110'A'Mar 17
25% Mar 17
21'A Jan 15
55
Jan
4
5'A Jan
6
33'A
18% Aug 18
May
100%
Sep
20'A July
93/8
Jan
l3/4 Jan
62'A Aug 14
31% Feb
6'A May
Oct
33/4 Mar
45
Jan
-
Jun
133/4
Jan
10
108'A
Jun
313/a July 17
23%
Jan
32%
25
May 31
17'A
Feb
247/8
Aug 17
16% July 5
46 3/8
Jan
61'A July
l3/4
Feb
58'A July 12
112
-
;
Jan
64
•
173/4 Mar
113
7 3/b
Dec
Apr
Sep
Sep
28 Vb
Jan
10'A Jan
54'A Jan
3
177/a July 20
5 Va
Jan
16 Vb May
4
88% July 19
343/a
Feb
58'A May
33% Jan
5
593/8 juiy 19
19
Jan
413/4 May
23% Mar
6
28'/a July
23
46
Apr 24
7'A Aug
9
7% Jan
3
40'A Apr 26
20'A Feb 14
May 16
23% May 13
117
Apr 26
247/8 Jan
Apr
11
593/8 July
Feb
26'A May
12
63%
Jan
10'A July
10
July 14
53/a
Jan
51
Jun
9% Jan
•'
24% July
5
20
5
118
Jun
29 3/b Mar
X51%
Sep
7
683/2
Jan
913/a
Sep
3
18 3%
Aug
22
Dec
July 28
24%
Oct
25%
Sep
July 10
Aug 18
133/4
jan
Nov
113
Jan
1173/4
Jun
July
217/a Jan
26
Nov
37Jan
54% July 10
103
8'/4
20
Jan
28
71
Feb
26%
90%
Jun
Jun
July
11% Feb
14
16'A July 14
73/4
Feb
14
July
x98
Jan
19
1133/2 July 13
79%
Jan
100
July
43
Apr
50
9
Apr
4
23'A Feb
23
19
5
Jan 27
61
Jan 13
IVb Apr 18
68 % Feb 25
11% Jan
4
164'A Jan 25
183
Apr
3
43A Jan
3
423%
Nov
141/4 July 15
3%
Jan
10 3/8
July 11
181/2
Jan
26
48% July
28
8
73/4 Jun
Feb
21
10
July
3%
29
75
80
May
5
34%
5
Mar
186
Jan
Dec
Jan
9
Mar
Jan
77%
9%
Feb
Nov
170
May 12
168'A
Jan
182
Aug
6'A July
3
4
Jan
9% July
5
4%
Jan
10% May
Jan
10
59%
Jan
90
613/8 Jan
10
24
Jan
5
56
Dec
:
3
66 'A
11% Jan
6
223/4 Aug 12
7% Jan
8'A Jan
26
14% Aug
3
1%
Feb
15
May 16
8% Apr
11% Apr
25
25
99
July
Dec
Dec
74%
213/4 July
25
18
Jan
4
Jan
13
6%
Jan
133/s May
6%
Jan
13
Jun
243/4
Jan
40%
Jun
48 iA
May 29
11% July
15
8
Aug 18
18
.
Jun
58
12
Apr
123
18% July lO
113/s
Jan
173/8
Apr
75 iA
Jan
96%
Oct
4
85 7/8
Jan
107% July
13
96%
Jan
114% July
NOV
1293/B July
120
Jan
100
July 12
3
105
Apr
4
110
3
1193/4 Apr
10
108 Vb
115 A Apr 28
HO3/, Feb
15
1133/s Nov
3
Apr
Jan
July 19
3
371/2 Jan
23%
1143/4
59
87'A Jan
104'A Jan
113'A Jan
Mar
Mar
103/4
Jan
96
Jan
75
Jan
Jan
45 'A Aug
3
52% May
: i67/8
14%
35'A Jan
131/4 Jan
Jun
July
20
14'A Aug 18
10
63/a
19% July 11'
79
11% May 17
523/8 May 19
116
Mar 25
Jun
15% May
1683/2 Nov
4
57% May
11% May 16
19% Jan 15
73/8 May
683/4
5
,6% Apr 25
82 Vb Jan
3
46% Apr 27
69
Dec
59
-
15% July lo¬
rn
Feb
Apr
May
Apr
52% July 10
18
Mar 22
122
Sep
Feb
Aug
26%
Jan
40% July
11
Jan
19% July
No par
15% Feb
3
100
(The)
109% Jan
12
1133/4 Feb
18
1043/4
Feb
114% July
103
103
Jan
15
107'A Aug 14
92%
Jan
107% July
ig3/4 jan
14
243/4 July 17
133/4
Jan
preferred
Bakeries
par
No par
preferred
7%
-
5
50
»29)
preferred
113%
113
16%
420
1
No
(ser of Feb 1
163/4
112%
107%
50 s/8
.
pfd
Gamble
113%
112%
*107%
743.
49%
-
&
:
:
Pub Serv Corp of N J
250
1083A
117%
118%
108'/2
5%
70
173/8
1173/8
47%
page
♦119
*117%
1173/4
117%
18
Co Inc
Car
2d preferred
conv
Procter
119%,
119%
Steel
par
No par
B
5% conv 1st preferred
200
3,100
No
Pocahontas
& Co class
Pressed
173/8
X102%
For
143/2
14
Poor
119%
108%
23%
14%
13%
Pond Creek
17%
102%
118
56
133/8
_5
Plymouth Oil Co
119%
108%
118
13%
1,900
17%
*102%
*117%
133/8
!
30
Jan
'
18%
July
Jan
Jan
1093/2
Pittston
52
Dec
106
Jan
Aug 15
1,000
51%
*603%
July
45'/4
Jan
1%
July 12
13'A
60'A
4
17%
115
13 3/8
51
Oct
113% July
27%
108
13%
X60%
5
104'A
13'A
493/8
62
ll'A
27
2 3/8 Jun
110
13%
*13%
49
*
15'A
Mar 28
13Va
13'A
48%
*61%
100
106
2,600
13%
47%
21
371/4 July
Apr
43'A July
35% Jan
;
25
92
22
21%
,
Jan
37
Pittsburgh Steel Co
7% preferred class B_
5
Jan
3
No par
6 3/a
95
Jan
Feb 25
100
No par
No par
1
—100
'—100
Jan
'
82
22
22%
*88
2%
31'A Aug 18
5
22
61%
22
95
17% July
2
293/8 Jun
1% Mar 27
3
22
48%
61%
*88
Jan
25% Apr 28
19
221/4
95
9
7%
106
30'/a Jun 28
88'A Jan
21 %
♦88
6'A May
1053/2
43/a July 13
61 / July
5
49'A Jun
100
Pittsburgh Coal of Pa
6% preferred
Pitts Ft
Jan
193/2 July 17
3
par
No par
100
No par
—5
25
Phillips Petroleum
<
Oct
3%
100
series
preferred
Pnoenix
Sep
160
-100
Phillips Jones Corp
*1863/2
*
4'A%
119'A
Dec
114'A July 13
8
2% Jan
par
No par
100
3
10
com
Corp
Preferred
25
50
No par
100
5% preferred class A
—100 '
5'A% 1st ser conv pr pfd
100 :
Pittsburgh & West Va
100
48%
73
preference
4.4%
i
*110
8%
13%
1193/4
110
*170
61
13%
$1
110
*76
48%
13%
*110
2,300
Philip Morris & Co Ltd
Preferred 4%% series
8%
62
26
No
com
Philco
6
22
26
Electric Co.
Phila
1,900
6
48%
10,200
6,700
53/8
*61
300
193A
353/8
5%
95
690
1013/8
19%
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
$6 preferred
No
92
53/a
*88
535/8
1013/0
Co Inc
&
353A
80
*186%
13,500
-No par
1
Co
Brewing
(Chas)
913/4
9
14%
23 3/8
Pfizer
91%
6
97
119 3A
300
363/s
9
*170
*186%
26
53
1,000
353A
45%
22%
22%
*70
45
44%
*170
5%
>■
16
193A
223A
91/2
49'A
90%
•
115
12%
♦186%
*5%
*15
*113
27
*170
*186%
15
115
273A
79
133/4
*170
44%
70
8 3/4
"
*14%
*113
13
273A
71
16
113
53 5/a
102
93/2
*49
Pfeiffer
Jan
Jan
109'/4 Jan
27
28% May
Jan
=
Jan
18
6
No par
Co
Penn-Central
*110
*110
No
Ford
i
23%
25
8% Feb
10
par
Dec
45'/a July
19
35 3/a July 10
28 % Apr
23% Jan
Jan
31'A
Jan
147
Aug 16
73A July 25
3% Jan 27
16'A
Jan
91%
173/8 July 10
6 'A
Aug
8
Jan
No par
10
Transportation
Patino
Penick
2936
14 %
29
Mar
10
3
12% Feb
July
25'A May
Jan
23%
12
161
Jan
2.50
400
'
23%
'
41 Vb Jun
121'A Jan
Apr
55
33
16
July 12
11
3
45
Mines—1
Co
&
Jun
!
149
Jan
4% Jan
103
ex-privilege—1
Consolidated
Utah
1,900
43/4
18 »/2
Tilford
2,200
2>/a
311/2
29%
29%
3
par
1
Inc__.
Pictures
2,600
62
*110
Paramount
14%
153/4 July 14
46
10
100
7%
173/4-
43A
No
Inc
preferred
conv
17'A
*15
62
Ref
58 »/2
17%
58%
153/4'
&
17%
173/8
58
106
Cos
L 5.60%
P
5
5
pfd-100
1
Corp
& Transp
*58 3/4
7%
7%
17»A
*59%
*110
2
58
17%
17%
15%
*60'A
;,¥
105'A
17%
5
J.
105%
15%
62%
2
10,500
Petrol
Paraffine
4%
34
17%
,
No par
Car
American Airways
Pan-Amer
110
34%
2
1736
81%
*105%
31
15%
*15%
57
110
57
57'A
110
33
105
*17%
112%
4%
-/
17%
18%
112'A
31%
1%
17%
*17%
112'A
43/8
31
15%
*110
112%
33
7%
4%
14'A
112
32%
2
57%
61%
Pan
323A
23
4%
22,000
15
6
32%
22%
60%
Packard Motor
343/a
143/a
6%
33
16%
4%
71,400
33%
14%
28
*15%
60
63%
343A
6
28
22 3/4
Oil Corp
Western
33 s/a
273/8
2
-
*14%
6 Vb
27%
2
preferred
39% Jan
25'A Jan
25
34
.131/4
233/2 Jan
4
233A Feb
.
Jan
13% July
Jan
6'/a
Apr 28
117% Apr 27
par
—100
100
.—1
10
Telep & Teleg
34%
27%
22%
105
106'
16%
27%
31%
17%
163/8
27%
31%
*57
*16
153/4
7
7%
393/a
263A
31%
*7
7
17%
58
7
38%
27%
31
31
4%
57
110
57
*105%
333/a
112%
4%
57%
110
6
33%
4%
4%
56%
110
153A
38%
13
48 'A Jan
'
6%
33%
.
33%
4'A
*104
No
70
143/4
7
No par v;
Mills
Pacific
122
112%
17%
Lighting Corp
3.400
*121
143/4
*56%
900
45
38 3/8
121%
38 'A
3
' 15'% May 3
30
Jan 10
25
Electric
&
121%
*111%
-
Gas
Pacific
121
14%
*22
Finance
Pacific
38
112%
2
45
45
45
Pacific
6.700
16%
33%
121
14%
30%
33
73/4
14% July 10
3
8'A Jan
39% Aug 15
17'A Jan
3
No par
non-cum___No par
Corp (Cal)—.—10
preferred
38%
*111%
4%
45
*133/8
33%
33
lo7/8 Jan
}'
preferred non-cum
120%
6
56%
45
45
*44%
16%
*133/8
1
120%
33%
*105%
163/2
33%
21
*373/»
7%
16%
5%
7/a
13 7A
33
-
41
7
160
32%
43
38
*119%
120%
7
33%
*
16%
32%
*20'A
160
*119%
*15%
*13%
213/8
120 %
38
38
*37%
16%
33 Ve
33
33
33
41
40%
40 3/2
*21
'i-
8
—10
Co
Coast
Corp
No
var
22 V2
Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
Volume 160
RECORD
NEW YORK STOCK
Saturday
Aug. 14
S
per
15%
$ per
share
15 "2
15'/a
16
11%
15%
16'A
*16
16
10% '11
$
$ per share
11 Vb
37.100
'■
::io%
I*1/#
10%'
11
-11%
X-
11
f
Radio Corp
8%
,v
76%
76%
>
8%
9
90Va f 90%
,*15%:',.-16
*31%
17%
32 v"
15%
15%
15%
'16%
16%
31%
31%
31%
31%
■18
17%
*
>*17%
37%
*36%
37 ¥4
*29%
31
*29%
V n
*131% 435
11%
31
30%
*11%
37%
*29%
17%
'V.
31
17%
*36%
17 3 4
37%
*29%
60%
61
•
'
11%
*11%
•
*59
11%
85 Va Jan
27
10% July 10
107% Jan 17
No par
28 V4 Jan
3
33 J/2 July 10
12 V* Feb
3
18
135
*132
61
*59
600
ei
~90
Reis
63%
-
20 :
*17
17%
*17
17%
*17
*19%
19 V2
*18%
19%
19
i
20%
99%
99%
99%
94%
94
>"
12%
12%
12%
13%
19%
19%
19%
19%/
103
n
Reliable Stores Corp
11
97%
97%
11
81
96%
97
13%
13%
13%
32%
32%
32%
32%
•'V
16%
U
7 %1
32%
33
•
97%
97%
98
11%
11 Va
11%
8.200
99
80%
80%
80%
80%
1%
140
14%
14%
14%
14%
13.600
97%
97%
97%
13%
13%
14
33%'
■:
*98
'■■■
/ 7
110
*97
97%
14
14%
2.800
Reynolds
34%
5,500
Reynolds
'
•
*
iff
33%
%
;>
*49
=
50
*
1V4
51%
51%
51%
51%
114Va
113%
7%
7%
31%
31%
31%
31%
31%
107%
*106%
108
:
•
*40
*111
112
*111
112
*111
*109
110
*109
110
*109
22%
A::;
6',
21%
22%
>
5%-
■;e :•
95%
•;
a
24
3%
1.400
Sharon Steel
-
75 Va!
•13%
13%
54
'"»• 38 Va
*15%
23
37
'
-5
4%
*153'A
27
26%:
7%
-A
'
•
*70
72
■'
45%
45%
■45%
45%
*59
:
59%
'v *59
Vb
%■;
11%
llVt
HVa,
72 v4
72%
34%
34%
35
*113%
*113%
118
*111
*59%
111%
111%
'
*30%
114
X29%
30%
114
27%
7
12%
7,:, *71%
72%
72%
72%
.72%
72 J/a
320
35'A
2.300
.35%
113%
61%
*113%
111
*111
114'A
*111
29%
114 Va
*114
3%
3%
3%
57%
57 Vi
57%
65'a
65
65 Va
64'A
65%
64%
64%
37%
x37%
37'A
36%
32%
x32'A
32%
37
32%
37 Vi
32%
32%
;,y7 32%
55%
55%
55%
56
55%,
43%
65
7
32%
65%
65 JA
36%
7
59
37 J/a
*42 Va •: 43%
112%
112%
10%
10%
10%
32%
32%
*32%
32%
*32%
33
33
*65%
66 %
X65 Va
65 Va
65%
66
16
16'/b
16
16 Vb
16
16 Vb
66
VA
33
'
16Va
;
33%
16%
16%
500
10%
10%
10%
7,700
12%
12%
16%
16%
*16%
12%
16%
*16%
10%
10%
10%
10%
10%
10%
10%
10Va
10%
18%
18%
18%
19 Va
18%
19%
19%
18%
19 V8
18%
58
59
59 J/a
127
*126
6%
57%
6%
6%
9%
*126
6%
6%
9%
9%
9%
97b
*21%
22%
22
*74
76%
*74
77
22
*21%
22%
*32%
33%
21%
*32%
33%
19%
1s%
29%
30
31'A
31%
29%
30
6%
6%
9%
22 VA
20'A
30
6%
75
75
•••'■
9%
22
*74
6%
6 V2
9%
9%
23
22%
,.♦75
76
128
6%
*126
6%
7o
*76%
22%
33%
*32%
19%
19%
20
20 Va
19%
20'A
19%
*19
30 Vb
30
30'A
30'A
30%
30%
20%
30%
30%
307/a
30%
30%
30 %
29%
29%
29%
29%
29%
30'A
29%
29%
30'/a
29%
6%
6%
6%
29%
6%
7
6%
1.000
23
22%
33%
100
331%
59%
Jan
90%
Dec
14
24% July
5
10 Va
Jan
18%
Sep
2
18% July
5
Jan
17% July
13
May
63% Jan
3
Jan
6
72
Jan
27
9Vb Jan
6
55
24% Apr
Apr
57
Oct
Jan
29
Jun
6
2%
Jan
34'% Aug 18
27% Aug
3
16 Va
July 19
42% Jan
5%
18'A Jan
22
15%
Nov
24 J/a
July
23'% Jun
20
22% Aug
23%
Nov
5
41'AJuly
19
Jan
39 J/2 July
12
29% Jun
27
15 »/*
Jan
25 V*
10ya
Jan
15 V* July
2 J/*
Jan
29% Feb
23
Apr
5
Jan
27
14% July 17
3J/4 Jan
3
5'A July 12
28% Jan
28% Jan
10
6
43
Aug 18
41
May 31:
6
155
12
141
Jan
Aug 10
22% Apr 24
13% Jan
17
23 J% Jan
3
3
4
7
3
5 J/a Jan
26
Feb
14
28
70
32'A Jun
5
May
28
26
47 'A Aug
56% Jan
27
61
Jun
6
59% May 12
64'A Feb
2
July 20
May 17
112
Jan
108
28% Feb
Jan
110
28
33% July 12
Mar 6
9
115
27
4% July
5
111
7 Jan 26
6 J/a Jan
13
44'% July 12
115
Jun
11J/4 July
331% July 13
67% May 18
17% July
11
13% Apr
19
20'A July
Jun
15
60'% Jan
No par
pfd
(4J/a %
Corp
Mining
cum;
Co
Sutherland
Paper Co
100
1
10c
121
25
100
10
Jan
27
5 J/8 Feb
15
5% Jan
3
17% Jan
27
72
Jan
(The)
30%
2.6G0
8wlft & Co
30 J/a
3.800
8wlft International
29%
3,100
Syivania
5.800
Symington Gould Corp
Ltd
Prod's Inc
3
5
Jan
49% May
Jan
66
Jan
23 Va
Nov
Jan
>21%
61
35
Dec
Jan
44 V* July
60.
Sep
8 V* Sep
35 J/2
Jan
64
Sep
33
Jan
42
July
Jan
66
May
3
Jan
109
70
July
Nov
117
Aug
107
Nov
110
Dec
Jan
49
Sep
25
100% Jan
IY2
Jan
Jan
38Va
Jan
44%
28%
Jan
40
38% July
28Vb
Jan
46 J/2
Jan
60
Jan
45 Va May
"ev*
Nov
9% May
25
Jan
31 Va Mar
68 »/a July
7 Va
Jan
66
14%
Sep
May
Jun
July
Sep
5%
Jan
10% May
5
5%
Jan
15 Va
21
48
Va Jan
Apr
4% Nov
122
3% Jan
12%
Jan
58%
Feb
14%
26 J/* Jan
9
Dec
Dec
May
37 Va
20 J/4 Aug
5% May
6% Mar
9
10 V4
33'% Aug
Jan
4% Feb
Jan
31% Mar 20
22 J/a
27
27 J/a
NOV
22%
Feb
33'AJan
Dec
115'/a July
3
July
33 V2 Jun
31%
*17
8 4'A Feb
18
1161/2 July
Dec
10% July
10
,
Jan
Aug 16
7% July 5
26% Apr
•
4 J/4
127
27% Jan
,
112 Va
25% July
3
35 V* Mar
NOV
32JA
4
27 V* Jan
Sep
Jan
29% Jan 28
8% Jan
Jun
67/g
Jan
2%
Apr
6M1
14 J/a
17»% Mar 14
24'%
Apr
14
13% July 12
July
May
30%
19% Apr 25
12'A
25
Amer
Elec
54
No par
5
18
28% Jan
1
Class A
28
62% Feb 29
19
Sunray Oil
15
58'/a July 10
Sep
30 J/a
Jan
33
2
115
14%
Jan
2%
17
19
111'A Apr
Jan
35 V*
■
110
Apr
42 »/a
29'% July 18
36'A Jan
Sep
25
Jan
15%
July 14
22% May 13
Dec
149 J/a July
Jan
10%
7% Aug 18
9
Jun 28
55
30%
15%
66'% Aug 17
4'A Jan
29 Vb
21 Va
58% July 10
Jan
54
Jan
Jan
132
28% July 10
40% Jan
Apr
16%
17
Aug 18
33% July 12
Jan
20
Jun
5
20 »/a
24% July 17
7% Apr
——1
Sep
25
28
Jan
15 J/2 Feb
Sun Oil Co
Nov
45 V*
Jan
13 J/2 Apr
No par
Studebaker Corp (The)
27 V*
xl3Va July
22
10
Webster
28 '/a
7
Apr
May
28
Jan
10'/a May
9'A Feb
Stone &
5
Jan
21
15
19
Jun
Jan
17%
4% July
24
23
10%
Jan
31'/a
12
28'% Apr
May 16
16'/* May
73 J/a May
Jan
5%
July 11
4
9
731/2 July
Jan
8% 'Jan
64%
J
14% July 10
48 J% Jan
3
64
78'% July 19
75% Jun
23
Aug
9
14% Mar 13
12
Jan
'
——1
prior preferred——*
20
2.900
7
5
16
6% Aug
3
Sweets Co oi
7
Jun
98'/a July
:
11% Jan
Sunshine
22%
4'/*
7
5
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
33%
•
(The)
Jun
5
Feb
4
Starrett Co
2
26%
•
2% Jan
84
40'/* Jan
6.700
100
-
34% Jan
100
1
Jan
Feb
16J/4 Feb
7
113'% May 25
25
25
25
107%
Deo
16'A
25'% May 19
3
4.500
22%
105
19
10%
22%
8
51V* Apr
24
*32%
Jan
32 J/4 Mar
10 Va
22%
110
No par
22%
33 Va
7
30
12.600
76%
3
7
preferred
Mar
Jan
35J/4 Feb
'A %
Feb
112
108
68% Aug 18
39 J/e July 12
4
43
115
6
61% Aug 18
Standard Steel Spring
Dec
Jan
3
Standard Oil of Ohio
Jan
36'A
112
23
oar
July
96
16
21'/a Aug 18
Sep
12'/a Mar
109% Nov
16
42% Feb
Feb
8
10Va
X30%
6%
XIO8V2 Mar 23
109
10
23
30%
6%
1.100
1
128
*32%
-
26.800
19'/a
60
*21%
-
■u
19%
126%
6%
22
22
58
58%,
128
19 J/a
59%
,
9
Jan
37 J/a Mar 16
Jan
Stokely Bros & Co Inc
17
12%
17
12%
16%
Nov
6
30% Aug
114
Jan
6%
3
38% Mar 13
5.900
12%
12%
12%
105i%
114 Va Jun
8
Jan
9
5,100
17
12%
13
9 J/a July
1
36J/4 Jun 21
110J/4 Jan
33'A Jun
10
12 3A
47'/* July
35
12'% Aug 17
No par
16%
3'/b Mar
Jan
74'A July 17
L S
1.400
Jan
3
Sterling Drug Inc
Stewart-Warner Corp.:
200
33%
66
16%
16%
57
17.600
16%
16%
13vb
128
300
•'■>
66
12%
57
*33
11
J%
2% Jan
10.400
112 »/a
Jan
3
53% July 17
43% Jan 27
105
1% Mar
A
2% Apr
% Jan 20
7
Dec
15
35% Feb
68%
66
*ie%
*126
10%
36% Mar
21%
•
Jun
40 Vb Feb
preferred—
prior preferred
prior
800
*111
27'A Nov
i
No par
No par
$6
$7
43%
11
35% July 12
■",
11
—N«
preferred—
Standard Oil of New Jersey
112'/a
50% Aug
Standard G & E Co $4 pref__No par
1,600
66
66
$4.50
Standard Oil of Indiana
'
57
3.500,
preferred
conv
Standard Oil of Calif
*32%
.
114%
300
5%
17,900
10%
10%
Jan
Jan
Squibb (E R) & Sons—
$5 pref series A
No par
$4.25 preferred
—.No par
Standard Brands, Inc^
..No par
11,600
*111
112%
*111
5.900
3%
43
1
-100
No par
—;
15.100
43%
;
30%
61%
51i/a Apr it
Feb
No par
preferred
$4.50
56 J/a
43%
10%
70
Conv
Square D Co
32%
56 J/a
10%
118
111
13
Jun
50% Feb
2
371/4
43%
43
>. 2CO
preferred A
$3 conv
Spiegel Inc
321/4
55%
*111%
50
61 J/a
1
No par
—N- ps"
36%
y
43 Va
10%
31,600
113 J/a
No par
100
100
(The)-
32% 732%
7 56 VB
112%
128
3%
3%
58%
55 V2
>43%
*56%
114%
114 Va
*43 Tr
:
10%
*126
30%
55%
112%
.>■,
111
30J/a
*3%
37
64 Va
37%
*113%
58%
58
57%
57 %
61 J/2
1 111%
*114
3%
3%
118
29%
...
*113
61%
61%
111%
29%
113 J/b
113
*113%
118
35%
35'A
35%
35'A
113 Va
57%
113
10
59 J/4
12'A
*3%
*43
7
59%
118
55%
47'A
Spicer Mfg Co
12 Va
*
tr ctfs
No par
1
$5.51 preferred
No par
Spencer Kellogg & Sons——No par
Sperry Corp
59%
'
preferred--.
Spear fe Co
400
11%
29%
,7.
'•••
Edison
Sparks Withlngton
.
1.400
*59 Va
57%
i
47
47%
100
-
Ohio stk
8.500
11%
*59%
-114%
46%
&
31%
27%
28
No par
Railway
non-cum
28 J/4
*30%
31%
59%
3%
3%
.
27%
200
11%
-
62
29%
29%
*30 Va
V
5%
Mobile
72
*68%
.
Jun
Jan
8
Corp
California
Southern
36.900
8 »A
*59 Vb
72%
111
72
7%
*8
18%
24
Iron.—20
"
120
68
*
7 J/a
7%
8 7 77'
77
*68%
77
;7 46
46
7=7
35%
114%
31
>7
113%
111%
31
55
'
11%
*113%
118
7Va >
8
:■
27%
59%
35%
■'
*114
45% :
*59%
62
Va
>7
*70
Vv
31
*113 Va
':
*113% 113%
8
26%
*65%
66 Va
66%
72
27%
11%
72%
7
7
72%
11%
65 Va
65%
*59 Vb
:
1.900
55%
72
27%
59 Va
10.800
27 Va
54%
7>, *7%
8
457/b
*71%
*113Vb 113%
62
*59 'V
X
27 >/a
7' 55%
26%
7%
'
25.200
26%
Jan
10% Feb
25
Southern Natural Gas Co——7.50
Southern Pacific Co
No par
1.300
17
30%
54%
Oct
5
11%
15
&
Steel
preierred
Southern
1.800
24%
16%
30%
54J/2
:
8 %
40
16%
y
28
19
36 J% Apr
South Porto Rico Sugar——No par
5.100
31.
16 Vb
Jan
23
No par
i.—a.10
Typewriter-No par
Socony Vacuum Oil Co Inc
15
South Am Gold & Platinum-—,_-Ll:7
Southeastern Greyhound Lines-—5
10,400
153
24'A
24%
24 Vb
A 30%
54%
7
5
Corona
Smith &
3.100
.
■»-.>.
38 Va
*152
155
16 Va
29%
43
38%
38%
-7y 26%
26%
66
No par
No par
15
Corp—
Smith (A O)
.» 600
y
5
4%
40
>
30 Va
y 16
-7
30
*30%;
27 Tit
'
24%
16%
*70
27%
34,500
24 VB
.7
24 Va
f-:*7' '
30 %
30%
13%
*1.51%
54 Va
72
,
30%
28
13%
153%
v>;:
27%
13%
153%
66
30%
7x13%
38%
26
8'A
*7%
8
13%
38%
/•-
No par
No par
No par
preferred
$1.20
600
.38%
!>
7V»
7
29%
38%
66
*65
,:y
38
29%
5
29 JA
55%
22%
38
29 V*
40
30%
29%';
22%
37%
4%
;V
24
16
No par
"
100
23
28%
*22%
7
23
38%
5
■
1.000
37 Va
23
37
;
4%
■>:
24%
16
•X55
No par
King Coalition Mines
Skelly Oil Co
Sloss-Sheffield
1,600
15 J/a
13%
*16 i
24
16%
38%
15 J/a
153'A' 153 %
'4
155
38%
38%
38%
24%
30%
100
No par
No par
No par
14%
15%
Dec
20 Va
3% Mar 17
14%
38 Va
Jan
19%
8
45
par
14%
15%
5%
5
14% Jan
.—J
X27%
38
30
9
27'A May 12
Pen Co
Oct
241/4 July
..
•
-10
OH
Jan
Jan
Jun
34% July
,Jan
_100
.—100
No par
—100
—5
new—3 Vb
Corp
7'%
9
8
17
32V*
3
18
26
25
14%
15%
3
Jan
5J/8 Apr
No par
38 Va
17'AJun
17% Jan
No par
38%
37%
13
pai
-
11% July
8% Feb 29
Simonds Saw h Steel
■y.:',„ 04%
>'>"'■! 4%
24%
,27
12
July
17V* May
9% May
July
VI8J/2 July
3
Jan
13
Silver
38%
5
*15%
56% ; 56 %
3
14'A
Simmons Co
13%
38%
38%
38%
155
39'A July
Sep
1.000
'
39
>
x38Vt
Feb
121/4
3.000
37
> 28
; 27%
13%
13%
35
34%
3%
*22%
27%
27%
'
7.
34 J/a
35 %
37
13%
V
39
3%
37%
23
*36%
*27%
27%
13%
*>,
*22%
37
*22%
;■
35% July 10
3
No
(Frank G)
Oil
Jun
11% July
•
3
33%
Sinclair
Feb
May
*27'/a
•
70
Jan
3%
42.900
93%
Feb
36
27%
,14%
15% July
Jan
98
28
33%
-
Jan
80
Jan
*3%
14%
Nov
7y*
15% July 10
Dec
59Va
83% July 20
.
Dec
76
5
Jan
32%
"
July
5'%
3%
200
Apr
20 Va July
25 J/*
27%
28
Oct
9'/a
15J/4 July 10
32%
15%
15%
3.600
88'/a
Jan
99J% July 15
-5
(W A)
Jan
5%
8
1
Union
73'%
4
*3%
,
15% >15%'
4
32%
*26% -727%
r:- > 14%' 14 %
r >■ *37%
38
>
38
Shell
July 17
8V4 Jan
No
$3.50 conv pref ser A
Shattuck
Sheaffer
140
25'A
25
>
300
>,
101%
4
Jan
.111
Sharpe & Dohme
1.100
13 J/a
53
Apr
Jan
-10
preferred
$5 conv
230
1.600
75': 77
13%
24% 77 25
>
12%
75
*52% v 54
24%
16 J/a
73%
52%
13%
*13%
Jan
10
*26%
32%
32
75 »/a
23%
7
3%
,'3%.
''•'■.y;-
32%
16
75
75 Vb
*52 V2
23%
38%
12%
75 '•■=:
I
16 >'
73'/a
12%
*13'A
23%
14 Vb
I6V4
73%
12%
75 Va
23%
27%
16Ve
*73 Va
13%
52%
4
16 >';■
73%
13%
12%
52%
*38
22%
;
A> 12%
/A'*74%
yt:
'=>;>
15%
>7
5
73 Va
12% 7 12%
16
73% •74
*15%
A
10%
Jan
85 J/2 Apr
Servel Inc
22%
Jan
14
95 V2
5
—1
Corp
5.600
>
63
Sears Roebuck & Co—
22%
\■
15
Seagrave
22%
13%
13%
:
22%
*26%
27%
;
22%
3%
*70 V:
6%
6%
6% 7.6%
4'/*
Aug 17
Aug 12
100
Jan
5.900
22
21Vb
22
22
Dec
l2J/4 July 11
84
Seaboard Oil Co of Del—No par
22%
32%
*7%
6%
"20
Oct
74%
99
100
2.600
'
53
32%
7Vb
22%
6'A
>
110 >
/
22
23%
>
65
*109
22 VA
X53
32%
65
110
22 Va
16
*3%
26%
*109
967/a
13
53
30%
110
93
Jan
Jun
-10
preferred
$4 preferred
112
*111
Jan
42 Va
21% July
par
—.
$4.50
96%
*74%
37%
112 7'.
69'%
I
Sep
May
103
3
Paper Co
96 Va
74%
» 13%
*153%
*111
Scott
300
95%
13
37%
112
5 J/a %
300
16
Jun
16
f8
Jan
—1
Distillers Corp.
preferred
Schenley
13,800
7'
7
42%
42
95%
12%
75 Vb
,
33
108
,!•>
42
95%
16
,13%
-
32%
*107 »/a
32 Va
107 Va
8 "A Apr
6% Jan
7^
< 5%
preferred
Savage Arms Corp
95%
74%
13%
13%
32%
107%
21%
'.
290
3.000
19%
100
87
—
Bafeway Stores—
2.600
;
7%
95V4
21%
*74%
*27%
52
113%
7%
*40
7
100
(The)
96
95%
36
27
i
113%
7%
20
Jan
99% Aug
9
par
Typewriter-——:
6.200
74%
*36%
800
113%
7%
42
109%
y:
6%
6%
;f v
'*22%
32%
■■
1%
13%
Jan
12
18
.100
t8t
52
51%
51%
113
'>
St
3.100
;>/
35
Jan
14 Va
21% Aug
17% July 11
19
100
Joseph Lead
Louis-San Francisco
6% non-cum preferred
2,100
%
*lVa
1%
6
Dec
Nov
July
21% July 11
Feb
—.
$2.50 conv preferred
100
>/a
•
' %
'
21%
13%
7%
*111
22
>>
22
7%
*40
110
*26%
35
■
*lVa
*106%: 108
112
*22%
1%
% 7
y>
■
v.
■/
.
Jun
6%
86 J/*
9
3
Rustless Iron & Steel Corp
9,200
50 Va
*50:
34%
34%
%
32 Va
32%
42
*52
34
51%
42
*40
42
*12%
50%
*50
v
113%
>77
107 7K
*106%
42
74%
19%
*
107%
*15%
19%
Nov
30
Jan
Jan
16
700
19%
35
Jan
3'%
20
Corp.
Co
Jan
22%
Mar. 3
70% Jan
Royal
Ruberoid
26%
20
70
x83% Mar
2,400
200
8
Jun
80
14% Apr
1.900
,i:;8>*,
8
23%
Aug
22% May
Jan
18
23%
15%
15%
/
--
18%
51%
7%
.
8
23%
32
Jan
24
No
Co
Oil
Jan
14%
66 J/*
Apr
—
7
Mfg
Jun
26'%
July 29
—No par
Ritter Company
---No par
Roan Antelope Copper Mines—
33'%
113%
113%
7%
21%
Richfield
33%
1%
,
51%
*113%
8
95%
Rheem
2.300
33
0 %
•
1%
1 %
114%
6
2,000
10
33
50;
33%
Va
15%
8'
23
"
%
iff
51%
*22%
17
9%
/
18%
X50 -
34
34
:
*
'
■
-
32
is%
18%
■
10
*15%
22%
A>=" 32
32
*113%
*7%
16%
16%
?
9%
8%
22%
22
18
1%
1%
*1%
16%
15%
8<
8
f
32
50
33%
•••>•.
15 Va
8
18%
X50 ';f_
'■
iff
10
21%
32
31 !A
Xl8%
33%
33%
16%
:>>■
9%
*15%
15 Va
#
133
99% Jun
Spring—
(R J) Tob class B
Common
39
*37%
39
*37%
,>>> i6 Va
15%
15%
21%
.21%
49%
49%
39
*37%
Jan
July 10
12 y* July
100
—_—..
preferred
Jun
11 y*
30% July 25
No
preferred—w
5 J/4 %
Dec
29%
11% Feb
.No par
Reynolds Metals Co.
5 J/a % conv preferred
33%
•
:
33%
33%
99
101 J/a
Jan
Jan
__1
7
Jan
21
50'/a Jan
25
Revere Copper & Brass
140
99
14%
9%
9%
V; 8
8
18%
"'/
6% conv
1.300
11%
97%
81
ae%
*16
9%
*15%
32
-18%
■
*102
105
*102
Inc
preferred
prior pfd ser A
conv
10'/a
541/4
7
90
~100
Saratoga RR
Motors,
0%
20
104
33
>V'
39
■
16%
9%
;;22%;
*31%
.;r
20 Vb
99%
V
V *37%
16%
8%
*21%
V'5;
Republic Steel Coip_
'
•
13%
13%
'
,S
Reo
18.100
15
:
"
9%
15%
*15%
?
34.700
20 Va
96%
97
13%
'■
39
*37%
16%
9%
.
15%
20%
16
19%
&
Jan
5% Jan
10
1
—
with warrants...
Preferred
Rensselaer
*
39
*37%
:
470
14%
14%
97
97
1,
17600
94 Va
80
,f
!
*13%
*96%
*
11,100
99%
94 Va
11%
*99
81
80%
'
-13%
Xl3%
*13%
,
21%
99%
94
97%
10%
99%
99%
99%
'
14
;
14
21 Va
99%
15%
12% May
71'A Oct
Jan
,
3 Va
33% Jun
13
27J/4 Jan
No par
Mfg Co
21 %
15%
105
*97
97%
Reliance
Remington-Rand
94
:
;;
19%
*102
10% .11
81
81
*80
103
-
99%
99%
*97%
400
99%
94
19%
'
■ •
100
19%
20%
99%
;>.%> 14%
14%
19%
105
10%
'
10%
13%
19%
*102
97%
98
98
.•
94
20%
99%
93%
,99%
■
'
"
103
103 :V
20
20 Vs
20
20
:.p 94%
94%
17'A
19%
19 Va
99%
*94
17%
17%
19%
20'a
•'
99
17 %
*18%'
Jan
Tuly
33J% July 24
20 Va Mar 21
2
3
32% Jan
& Co 1st pfd——100
(Robt)
•
15'/a Jan
5
—100
Hosiery
Feb
28
—
Preferred 7-.
'
*17 '8
Silk
Real
135
*132
62
19
19
preferred
$2
;;: 600
v
11%
11%
135
'
17%
*17
Inc
Rayonier
1,800
i*
37
7
preferred
conv
*
700
31
11%
11%
*59%
>:•■
61
f
UVB
*132
135
*132
62%
%
*60
37
*29%
31
4%
24
'
135
*132
A
37
>
15
59
3
5
7% Apr
0%
6.300
18%
18%
18%
17'/a
37
*29%
$ per share
Jan
; July 12
76% July
69 J/2 Jan
1
100
Raybestos Manhattan—.:
1,000
17
31%
*37-
-
32% V 32%
*31%
-
*17%
ii
32%
32
91%
12
8% Apr 13
No par
Amer
Radlo-Keith-Orp' 'um
1,150
92
92
91%
Hifhest
Hi| hest
share
per
10'A
_1
25
Reading Company
50
>
4% non-cum 1st preferred.
50
4% non-cum 2nd preferred—50
11,900
15%
15%
31%
37
91%
32
ol
$3.50 conv
1.000
9%
31% > 31%
•16
15%
31%
31%
91%
32
76%
76%
-'9 ;•
•76% -76V4
8%
9%,
9
91%
91%
*31
31%
31%
76%
8%
9
8%
91%
90J/a
313/a
*30%
•;
9
>"» 76%
76%
76%
76%
16% Aug 10
21
12% Jan
$
1st preferred—No par
"
*7C
$ per share
R
'
•
Lowest
Lowest
nignest
Highest
t per share
.II
Quaker State Oil Ref Corp.
1,100
'
11 Va
10%
•
Lowest
Par
16%
Year 1943
Range since January 1
STOCK
EXCHANGE
Shares
"
per share
16%
16%
16
NEW YORK
Sales for
the Week
;
Aug. 1 i
S per share
# per share
share
Range for Prevloa*
STOCKS
Friday
Aug. 18
Thursday
Wednesday
Aug. 16
Tuesday
Aug. 15
Monday
Aug. 12
SALE PRICES
HIGH
LOW AND
5
7% Mar 13
4%
Jan
Dec
63 y3 Mar
6
Sep
Oct
7%
Apr
130
22
May
82
May
32 V* July
33
July
12 Va
Jun
27 >/a
Nov
35 Va
Apr
35% July
8% May
LOW AND
8%
*8%
47 72
$ per
$ per share
-
872
*378
8%
8%
47 %
477'2
8%
3%
11%
11%
11
11
11%
117a
11%
47%
47%
48 74
48
487a
48
4874
6%
6%
67»
6%
35%
35 %
35 74
347/a
6%
6%
6%
lf%
1672
1672
16%
16%
16%
16 7a
17%
10
10
107a
107a
10
10
10
10
23%
.'2474
23%
21%
*2074
22%
*20%
21%
5772
567a
56%
*5572
567a
2472
8%
*8
114
9%
9%
50
*19
3%
5%
50
*49
50
*49
,.
5%
5%
*11%
12 7
4272
42%
574
57k
900
*11%
12%
*1172
4274
4272
5
4%
42%%
.'•'
7,200
1074
2.700
2474
21%
57%
874
50
:
:
5%7
5
3074
31
3174
33
•"
31%
32%
*1.5%
16
157,
16
7
15%
15%
10674
103%
28%
28%
52
52
9%
9%
:
,;Y
7
-
574
*3174
107
•v5
3174
15%
16
107 %
650
10774
107
287a
287z
2872
2874
29
2974
6.800
52
V
517a
52%
x51%
527a
52%
52 y2
2,100
9%
97a
97a
9%
97a
97a
9%
9%
97a
97a
4.000
23%
24%
10.100
17
17
227a
23
1674
*16%
17
47/a
474
V
'
4%
-
'
...
10774
24 74
47a
95
9472
95
*9474
967a
*9474
10
1074
*10 7a
1074
*10
18%
1874
18%
18%
19
25%
25
25 7a
317/a
31%
25 7a
31%
3174
*104
7
7
247a
17%
18
47s
.
1.1C0
9672
:i80
957a
957a
1074
1074
1074
♦10
1072
800
19
19%
1974
19
1974
4,000
25 7a
2574
257a
257a
!
257a
31%
317a
317a
32
*10578
109
*105 7a
109
7.700
2574
32 74
32
*105%
7'7a
*7 7a
77a
7%
77a
"774
•.;
774
9672
96%
96%
9672
967a
9674
137a
137a
1374
137a
13%
1474
64%
65.
12%
13
79%
80
■
9672
13 7a
3.000
/ <
109
77a
*95
97
95%v
9672
*95 72
*13
1374
1374
137a
137a
*62%
64
64
64
64
64
64%
64%
64%
64%
12
12
117a
12 7a
11%
12%
11%
12%
12%
12%
80
80
797a
80
79 72
80
79%
79%
79%
80
,
v
19.000
57a
9672
5
18%
*105% 109
109
247a
17%
47a
96%
10%
1872
25
1774
474
*10 Vs
772
7.600
1.300
1
210
-
5
874
Jan
137a May
417/a
Jan
53% July
37a
Jan
67a July
33 74
Dec
4174 July
19% Mar 16
87a
Jan
18
y
14
Oct
Jan
537a
Dec
35
2%
54
*114%
116
*113
11372
197a
19%
109%
■-
110
*98
2874
2874
28
28
xl06
317a
1187a
118%
22%
*22
'
*114
.J*.
*116
116%
*113
313%
*113
113%
200
19%
19
19 7a
(S.800
109 72
287a
28 %-
28%
28
32
•1.100
Jan
15
Feb
,734%
iya
Jan
July
16
Aug 14
10% Jun
25
11
102
May
9,300
United
29%
297a
106%
106%
33 %
33%
119%
119
\:120%
120%
22 %
22%
112%
1174
...
United
667/a
5%
25
66%
667a
25
25
66%
66
*66 %-
67
7a
67
*66%
*24V4
25 7,
*25 7a
2574
25%
14%
1%
17a
174
17a
174
1%
1%
1%.
36%
36 7a
357a
3678
3574
36
35%
36
1574
16 Va
157a
16
15%
16
*15%
104%
7%
16
104%
8
59
*57
10% -10%
*3J "2
32
87
86
105
8 7a
8
105
*104%
8
105
*104%
8
8%
57%
5872
*57 7a
587a
*58
1072
10%
*1074
10 7a
*10%
317a
87%
86
86
1%
1%
1%
17a
1 %
15%
15 74
15 74
*15%
15 74
35 7
»
35%
*105 7a
105 74
*6
6%
*3 05 V,
106%
105 %
16%
16%
78%
79%
*175%
180
105%
8%
59
59
60
10%
10%
10'A
10%
32%
86%
6 7a
6
12
17
12%
*46%
*16%
79
Va
78%
6 7*
1%
1%
2.400
37%
37%
105%
37%
105%
37%
105%
105%
*39%
."
7%
-
7%
24%
24
112%
111
700
6Va
5%
United
*105%
106%
17
17%
17%
17%
2.400
78%
78%
79 %
79%
79 %
12%
179
*175%
150
•
179
12%
12%
13'A
47%
*46%
47%
*46%
39%
40%
40%
*40%
41
7%
7%
7%
13
13
7%
Y
7%
5%%
8%
24%
8%
•'5.400
25.%
112%
8'A
20
100
5
50
conv.
;
preferred
.
U S Industrial Chemicals—No par
U
:
3.600
50
No par
Co
preferred
19.800
No
Leather Co
S
par
'
*111
,
73A
7%
10
10
35%
35 %
46
47
33%
38%
2%
2%
49%
50%
140
340
7%
9%
38%
2
50
*139%
50
38%
39
2 Va
2
9%
35%
58%
•
40
*39
*56%
77%
77%
57%
77'%
*77%
59
58%
58%
58 %
127%
128
127%
128
26%
26%
26%
*47 7a'
48
*3%
*3%
4
3%
*3%
3%
4
98%
*95
98%
*15%
16%
*15%
16%
*15%
*73%
*168%
5%
37
12
10.600
57
78%
*77%
78%
200
J
60 %
60'A
60%
27.4C0
i
128
128 %
2,200
2.400
27
27
27%
27
47%
47%
47%
48
■
27 %
47%
48
127%
3%
3%
128
3%
3%
•
•
3%
300
3%
3%
3%
'1,900
97%
*95%
97%
100
16%
16 %
16'A
*16%
16%
16%
16%
5%
5%
37 %
*5%
5%
*5%
37%
*30
*36
5%
5%
37 7,
*36
,
500
.
*
5%
74%
*73%
*168%
74%
74%
19%
197/a
19%
197a
117a
117a
12
46
46
47
119
*118
118%
T-t r—i CO n~ -.7*
*118 7a
13%
137a
13%
74%
74%
*168%"
169
169
169
197a
197a
12
"
13%
12 *'•
47
*47 7a
x47
4774
*46
8374
*80
83%
20%
207a
1274
*12 7a
12%
477,
4774
48
1187a
*118 7a
13%
135/a
*46
47 74
**80
75'A
169%
13%
13%
8274
*74
*169
1187a
119
47%
74%
169
47%
46
*80'
8374
*80
2074
75 y4
*169
20%
12 Va
*47
.,
*116%
119
13%
137a
20%
12 %
48
46
*46 7a
47
8374
*80
Preferred
7%.
20
3.600
$6
40
Feb
130
Jan
52%-Feb
50
50
—No par
69
i
_No par
Stookyards Corp
25
:
,
Laboratories
No
Leaf Tob
27, Apr
37, Jan
68 '
; 162
100
Van
17% Jan
—No par
Corp of Am_
Y
Norman Co—
7%
1st
*84
85%
*84
85%
25%
*247/a
25
4
4
4
84
*24%'
4
37a
84
25
4
25
37a
85
*82 74
*24 7a
25
4
37a
*82 74
85
25
*82%
4
7a
25
4
4%
5%
20
85
preferred
Chemical
Va-Carolina
117%
52%
117%
53
1177a
53
53
117 7a
117 7a
53
11774
5374
*53
117%
*42"
53 74
117%
44
*42
44
*42
44
*42
44
*39 7a
40 %
*39
40%
*39
407a
407a
407a
35%
35%
*35 7a
35%
35%
3574
357$
36
•
*120 74
11774
,
*42
53 74
54
118
*118
119
44
*42
44
42
42
6%
800
54
Va
290
El
&
Pow
$5
9
Jan
3874
66
July
27a Jan
3974 May
*120 74
—
*120%
—
*150
*150
—.
*150
*12074
*150
*36
417a
5%
pfd
4%
Jan
13 74 May
84y2
Jan
9972
97a
Jan
19
36 74
*150
63%
6%
1.600
——
preferred
Vulcan
*120 74
*12074
—
*36 7a
27
59
Jan
7574
Oct
Mar 13
168
Dec
18172
Apr
107a
Oct
4472
Nov
<180
5
578
Jan
May 20
39%
Jun
30
Jan
4
Jan
137a July
48
43% July 11
8% Jun
25% July
28
137/a
3
108
112% May 31
9
10
;
Y 42
6
87/a
Jan
297/8
Jan
July 10
32
Detinnlng Co-
1
100
100
11%
56%
11%
*28%
29
*107%
110
*54%
11%
*28y2
*104
*52%
53%
*53
*18%
13%
*18%
9%
9%
9
55
54%
11%
29
53%
*54%
55%
54%
54%
11%
11%
11%
11%
*11%
11%
1.000
28%
28%
28 y2
*106
53 %
18%
9 Vs
743.
53
*18%
9
110
53%
18%
9%
*106-,'
53
Vi
*18»A
9
110
53%
28%
*106
29
110
29%
*106
29%
500
110
53%
53%
*53%
54%
18%
*18 y4
18%
*18 7,
18%
9%
9%
9%
9%
9%
900
7.900
,
RR
Walworth Co
Jun
4472
July
Jun
37a May
Jan
4674
Sep
130
Dec
Jan
62
May
64%
Jan
637a July 10
•:
Jan
46
<4776
Jan
617i July 13
;
25^
101
77% Aug 14.
'
■
74
Nov
597a July
Jan
112
8
•125
July
Apr
Nov
29
427a
.Tan
507a Aug
29
l5/a
o'an
374 July
474 Jun
;
Y 20 7a
23
474 Jun
,5
3
48% Feb
20
74
100
\
<
July
7.
169
Feb
237a July
Ntv
674 July
NOV
4174 July,
Jan
7572 July
150
15%
5
Nov
25% July
Jau
87/a
127a
Feb
377a
Jan
Jaa
115
12
165%
Jan
25%
,
4774'Aug 17
119% Jun
Oct.
27/a
t
25
13% July 11
207a July
5974
3
July
6
78
88
Dec
307a
5
39% July
4:
Oct
3
Jun
137a
5
J^.n
56
July 25
18 7a July
Oct
120
M»r
Oct
5
4472
Oclt
Dec
8074 July 27
51
Jan
8574 July 21
25
40%
57
Feb
2072
Nov
274
Jan
67a July
Jan
6872 July
24
1
5% Mar 24
39
5
Aug 17
65
;
Aug
677a May
267a
Feb
118
52
Mar
2072
Jan
,45~
37
Jun 21
42
Aug 18
27
Jan
40
Oct
33
Apr 19
36
2974
Jan
3574
Sep
7
,
-
Jan
4
120
Aug 16
Jun 27
149
Feb
14
155
July
40
Jan
Jan
Apr
Mar
Feb
Jan
Jan
3
19
' 1
27
4
102
*
Oct
80
Jan
110
Aug
113
6
Jan
150
Nov
:
preferred
iOO
Waldorf System
———No par .
Walgreen Co——-—
—No par :
4%% preferred
—
—100 >
Walker (Hiram) G & W
No par '
Div redeem preferred
No par '
Wabash
600
28 ',2
110
For footnotes see page
53%
11%
54%
11%
42
Jan
.,7 •' ,Y 54% July 14
13 v 14274 May 18
4 %%
No
par
: 10%
,26 Va
105%
48
17%
7%
12
3
s
Oct
377a May
<
Jan
}J
•.Y/YyY w
*54
97/a
Nov
29 7a
Apr
87a July
Nov
27
Apr
19%
114
113% Jun 14
38% Feb 17
.—25
Preferred
*150
7%
Jan
July 20
July
377a Jun
47
x42% July
Jan
4%
July 12
62 % July
100
;
Dec
July
Jun
88
257a Aug
_25
"Virginian Ry Co——
3C0
Dec
Dec
Apr
17
"
41%
57/a
217a Feb
7
Feb
29%
100
5
127a July
4
*9
Feb
3
105% July 11
21 ys Jan
52
Dec
Dec
Jan
41 % Jan
■' 4
Jan
Sep
27a
Jun
167a
,
27a
99
3
Jun
Apr
7672
37a
63% Jan 15
70
Feb 11'
5
35
-6074 Mar
1057a Aug 17
6% July 5
4
4
par
978
Jan
Nov
15% July 20.
..
'3
100
No
Jan
57a
2374
5
July 13
49 Vz July
pref——100
Coke
Jan
14% July
•
——100
Works-
Chemical
Coal &
27/a
100
—
div partic preferred—
Va Iron
°7
25 V*
Jan
*
*52
Dec
12 y4 May 15
Co_6 y2
Co_„
non-cum
Victor
500
2.500
Sep
96
—5
Sugar
Vicks Shreve & Pac Ry.^
25
157a
Dec
Jan 20
9J/4 Jan
37
"
*24%
Jan
11% July
100 " ,116% Jan 28
preferred—
Chemical
Vick
1.100
83%
4
•
^5
Vertientes-Camaguey
2,900
—2.50
;
Van Raalte Co Inc
Sep
7c/a
2:- •V.2%
7
Jun
2 74 May
3574
94 %
3
.
Jun
Jun
62% Jun 26
Jan
4
Apr 27
Mar 20
31
69%
x26
6
9V4Jun
76
Jan 18
14% Jan
4,
'
:
Jan
277k July
par
i
Jan
'May 18
44% Apr 26
V 2% Jan 28
—No par
preferred
8%
11
177a
135% July
1
Inc.i
1
July 10
27
5
t.
Jan
5
22
.
.
_l
:
May
xll9% Jan
100
preferred
187a
Jan
114
177a July
-50% Apr 19.
'
conv
> Vanadium
700
30
10
————
;
Feb
1
100
—
United Stores class A
Universal
»'
1.600
■"*
.;.
No par
I
21
22 Vi May
Jan
105% July
Jan
3
Mar 28
Jan 10
Jan
4
Jan
7
Apr 24
Jan 19
Jan
337a July
Jan
55 V2
17a July
30% Apr 19
'40% Jan
3
35 7, Apr 18
1st preferred
non-cum
Universal
•
~
*79
Jan
10972
37
4
preferred
-No par
;
7 Universal-Cyclops Steel Corp
,_1 7
:
800
~30
.
119
13%
Co
non-cum
Preferred
75%
169%
Rubber
United
»
37 %
"
169
S
iU S Tobacco Co
'
3%
*36%
16
2274 Aug 18
Jun 13
V 8% Jan 25
10
1
Preferred
.
;
*95%
U
U S Steel Corp
100
3%
5%
Jun
70% July 11
9
20
;
U S Smelting Ref & Mln
2.300
57
Foundry
Playing Card Co
Plywood Corp
8%
59%
128
*3%
<•
*77%
59%
'11472
Jan
10
1
JU S Realty & Impt
400
96%
37%
457a
47 74
57
52
140%
3%
5%
45V2
13%
51%
96%
*36 %
12
*19%
3.900
3%
*97
*5%
500
2
*139%
Jan
1774
120% Aug 18
3
—10
U S Pipe &
U S
40
51%
9372
337a Aug 18Y
110 ... Feb 10
5% Apr 24
-
Preferred
:
*U S
%
141 y4
May
19
Jan
Oct
2872 Mar
106% Aug 18
8
Feb
97
40
3
Feb
100
preferred
Lines Co
U S
200
1%
2%
27
-
3%,
3%
*96
*35%
57
80
600
.
-No par
Partic & conv cl A_;
Prior
c
2,800
49
98%
*3%
v
3%
37.%
128
27
48%
51
*139%
57
57
57%
*47%
50%
140
140
58%
48%
2
:
9%
36
*38%
2%
77%
20%
*9%
9%
35%
40
2
57%
*47%
*9%
35%
*45
59^
*26%
8
50
80
*127%
8%
*45
50%
50%
139%
128%
112%
50
57
57
*77%
8
*111
*38%
2%
50 %
*111
*45
39
.
139%
50%
142
*9%
35
.
8
35%
9%
35
*45
50
24%
112%
7%
8%
9%
9%
3b %
23%
*111
112%
7%
7%
35%
*45
23%
23%
*111
7
July 20
89
77a
97y2
14%
70
170
8%
42 *
34'A
5
1678
,
No par
<:U S Hoffman Mach Corp
i.600
24%
8%
24%
1.000
1st preferred
U S Gypsum
47%
39%
A 10
13%
*46%
40
2274 July
1027a July
12
4
«
—No par
U 8 Freight Co
t
;
Oct
Jan
Jan
33% July 14:
98% Jan
1
100
10
—
Paperboard
11472
Feb
Apr
Jan
6
lVWun
.
xll8
Nov
3
14
Jun
28% Jan
>
July
155/a
75% Jan
137a
;
——
59
-Y
80 y4
26% May 5
^.5
Improvement—-No par.
preferred
$6
i
1.900
*175%
YJan
Jan
26
Jan
8
1N0 pur
Co———.
;US & Foreign Secur.
4.300
Y
5
Cos
Jun
2474
6
Feb
5
4572 Apr 19
Merch & Mfrs Inc—
United
180
106%
*105%
17
Coal
1174
6 '
114
1
Jan
797/a
4
Jan
Jun
x24%
1 Va Jan
100
issued
When
1,900
>
12%'
47%
7%
24
111
12
'*48%
40
7%
*7%
*6
.*12%
47%
41
24%
106%
6%
12%
Co
Electric
United Gas
36,700
15%
22
Jun
777a
Y 42
26
Oct
9%
Jan
67
5
3472 July
101
Jan
30% July 11
,.
3
31% Apr 19
12'/2 Apr 18
95 y4 Jan
4
Engineering & Fdy.-
15%
i
No par
preterred
United
37%
61
Nov
4s/a
5
28% July 20
Mar 23
May 5
.
No par
—No par
5
—No par
Fruit
1.500
1%
*6
No par
Co
Preferred
•1,900
20 V4 May
110
Dyewood Corp——
United
15%
12
19
United
1%
179
179
180
*175%
12-Vb
12%
47%
16%
79
180
*175%
40%
16%
79
79
40%
*105%
105
,<
200
15%
.
j; 102% Jan
•2.000
1%
12%
100
Drug
United
32%
88%
32%
87%
32%
87%
18
$4.75
4.700
58%
24
22% Apr
preferred
$3
'.v 300
8%
6
11%
105
105 %
*16%
*46%
*12%
*104%
10%
100% Feb
10
Corporation
United
4,200
•
8%
105%
6%
11 % '
11%
16 7,
104 %
.
11%
United
10.400
36 V*
16%
15%
37;
11%
6
6
*11%
36
16%
59
105%
105 7a
105 74
105%
36.600
36%
100
Unlted-Carr Fast Corp
400
1%
8%
32
15
3C74
36%.
3674
36
*10572
25 %
1%
*104%
8%
86%
1%
1%
15%
25%
1%
16
^
105
31%
74
25%
1%
j
preferred
Carbon
United
900
25%
36
%
86%
32
*85%
32
*31%
,
67
6
100
;Jan
99
13
Jan
25% Jun
par
2474 July
105%
20% July
5
No
9% May
Jan
113% May 26
•
3
100
Co
Jan
Jan
11174 July
preferred
6%
127/8
v
26
113
6
preterred
May
116% Apr 14
1
conv
Apr
478 May
90
1174
3
Biscuit
United
20
,16%
Jan
867a May
26 ' Jun
4%%
600
1.500
y
1
*66
Jan
69
July
Dec
92% Feb
conv
Jan
l7/a
5
50
Jan
93 % Jan
Aircraft Corp
1078 May
257a July
8
100"
No par
Tank Car
3474 Mai
X76%
100
preferred
non-cum
5%
.
18% Feb
*
Dec
Jan
'
112%
66%
A%
,
33.400
22%
112%
3(112%
800
■
25
Jun
10372 May
157*
13% July 5
82% Jun 20
76% Feb 25
Feb 19
109% Feb
5
No par
.
66
..7
7
1574 July
Jan
Jan
14%, July 10
10
Jun,
Jan
Jan
July 21.
8% May
Dec
Mar
40%
Mar 25
33 % Jun
2678
Jan
July
237a
26% July 10
106
3
7 67a
18
22.
578 July 10
21
20'/a Jun
Sep
974
98% Jun
.
Oct
May
947a
7
Aug 17
183/4 July
July
6% May
87a
52 V2 Aug
'
Jan
2674
30% July 10
,
49
8
17
i'
97a
Jan
3
10774 May 29.
113
par
95
Jan
26
Air Lines Inc
Union
29%
t>on
22%
*114
V.
—
700
28%
106
32%
7 119%
22%.
22 74
2274
*114
m—
119
119%
*119
2274
98%
28%
33%
29
106
32%
31%
'
98%
51% Jan
par
Union Pacific RR Co
1.300
110
109%
29%
28%
106
105%
106
3174
11974
•
2274
*114
28 %
Preferred $4.50 series
99
*98%
28%
No
pfd—No
Union Oil of California
110
110
99
,2874
*105 7a
3174
19
18%
109%
109%
*98%
99
28
106
317a
*119
116%
113%
'
*116
116
98
287a
28
106
30%
*116
,
19
28
x277a
106
116%
*113
19 74
99
:'
99
Union El Co of Mo $5
10972
19%
109 74
110
99
6.400
.1137a
*113
11372
19 7a
Paper
Union Carbide & Carb
.
No par
Union Bag &
Jan
8
33
4
9'A Feb
-No par
•Under Elliott Fisher Co
8.300
19%
116
116
116
*113
,
8
33 y4
iilSupllSSHII!
1.200
:
Jan
5% Aug 14
13% Mar
44% Jun
-
28% July
4
July 13
67a July
1374 July.
.
52
Aug
4
9% Jun 29
114
Jan
3
Mar 1
Feb 17
Jan
3
Jan
4
5% Jan 5
687, Jan
4
8% Jan
6
:
Jan
r
5
4
Jan
6%
5
July 12
9% July 17
13
Jan
Feb
Jan
Nov
58
IV/2 Apr 25
,12%
314
85 .?
8%
15%
21 Va
28%
100 <
774
167a
24 V* July
3
3
3
8 Va Jan
July
11% July 10
27% July 15
6
Feb
Jan
Jan
Jun
Apr
574 Mar
37%: July 14
4
Mar
45
Jan
5
6% July
431/2 Apr 24
1
Twin Coach Co—
7.400
•
Jan
A2 •
1872
13
100 %
25
8%
Jan
Jan
•
10
12% July
50 Vt Jan
11% Jun 13
32% Jan-10
'
N< par
Tide Water Associated Oil
—10
Y
$4.50 conv preferred——-No par
.Tiraken Detroit Axle
10
Tlinken Roller Bearing
No par
Transamerica Corp
2
Transconfe'l & West Air Inc
5
Transue & Williams St'l
—No par
Tri-Continental Corp
1
$6 preferred
—No par
Truax-Traer Corp
-No par
Tubize Rayon Corp
1
20th Cen Fox Film Corp—-No par
$1.50 preferred
JVo par
$4.50 prior pfd
No Par
Twin City Rapid Transit
No par
Y 7% preferred
100
5.600
157a
28%
227,
7%
31
1574
10774
4%
32
<2972
31%
16
107
25
No par
;—No par
*
5%
35
3
Highest
y
$ per share
-
—
(J R)
Products —.
Thompson-Starrett Cc
$3.50 cum preferred
32,100
517/o
1674
25
5
28%
2274
109
4%
10774
4%
25
57a
28%
16%
*317a
.7
527a
107
23
*104
44
287a
1087,
4%
95
43%
3274
V. 1574
/
"i
1272
*12 '.if
44
43
•
;
5%
■77: 51/2
12%
3.700
f
*51%
*15%
2272
43
5VB
'
"12
20
•
•
•
'
12
160
Y".
V
50
*49
574
*5%
8%
113
970
50
*49
;
*874
9%
9%
1,100
1
58
i
Producing
Texas Gulf
YVv 1.100
247a
22
*11272
114
*112
:
24%
22
*5772
37,
*874
9
42j/2
Thompson
177a
10%
'
(The)
Texas Co
•-79500
'
*42%
Thompson
1772
10
24%
114
■'■J: .12
200
1,400
17%
56%
5% 7 5%
574
1272
5%
17 74
217a
-
*49
•
3,900
2174
8%
9
87a
978
9
*8 7a
*112
114
*112
114
12.800
35%
24
20%
*56
07a
*8 7a
8%
*8
'
115
*112
67a
3574
56%
24
24
24%
*20 V0
*5672
■y.;
67a
35%
6%
357,
35%
117a
49
19
Mar 17
67a July 12
49
5
10'A Mar 29
25 " 45% Feb
7
No par
47a Feb 28
Texas Gulf Sulphur
No par
32% Apr 19
Texas Pacific Coal Si Oil
10 < .14% Feb 4
Texas Pacific Land Trust
1
8% Feb 9
Texas & Pacific Ry Co
100
17% Jan 4
Thatcher Mfg Co
-Na par
;
12% Jan 13
83.60 conv preferred
No par
50% Feb
4
The Fair.No par
5% Jan 6
Pieferred
/—i—100
92
Jan 31
Therm old Co
1
7
Apr 19
$3 div com preferred
a.—10
43
Jan 11
Third Avenue Transit Corp ..No par
"4% Jan 19
117a
487o
10
357'a
87a Jun
7
42
Corp
Tennessee
2.400
117a
48%
x6%
6%
35
34%
600
674
*6
1174
48
7.
partic preferred
5%%
Telautograph Corp
$ per share
$ per share
Jan
5
Jan 3
4'A Jan 12
9
50
5
Talcott Inc (James)—
30
48
*47
•
6
6
11%
477,
>
Lowest
Highest
J per share
Par
1.000
87»
8%
8%
Lowest
Shares
Year 1943
Range since January 1
'
STOCK
EXCHANGE
the Week
I per share
share
48
*47
67a
*6
Aug. 18
S per
48
*47
6
6
6
Aug. 17
$ per share
share
4772
*8 7a
*47
6
(3
6
Aug. J 5
*
S per share
*47
Aug. 14
Friday
NEW YORK
for
Sales
Thursday'
Wednesday
.Aug. 16
Tuesday
Range for Previous
STOCKS
HIGH SALE PRICES
Monday
Saturday
Aug. J 3
Monday, August 21, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
24%
Jan
40 %
772
Jan
11% May
20%
5972 Mar 13
Jan
287a July
Dec
12 Vz
July 10
30
May 25
108
July 31
55
July 14
3872
Jan
5472
1874 May 26
157a
Jan
187a May
27
4%
Jan
107a Jun
*
103
Feb
109
Jun
*
9%
Oct
Jun
,
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
160
NEW YORK STOCK
LOW
Aug. 12
1%
1%
*53'A
13'A
*24%
24%
24%
*17%
18
24%
*24%
17%
17%
29'A
17%
29%
*29
29%
9 Vs
23%
80%
24%
24%
23%
;
24%
.
24%
'
94
-
94%
*24%. ,25
94 '•
24%
24%
94 %
117%
r
4%
4%
48
28
.26%
*4%
104%
4%
4%
27%
27
27%
104%
-31%
110%
106 %
i.-
47
12%
47%
27
27%
27%
^
27%
27
27
-
1103%
•1041%
103
26 %
•>'
28
27%
104%
105
r
t
j
l
110%
*110
110%
*110
110%
*110";
110'/2
v
106%
*106
106'%
;106
106%
*105%
106'A
74
*71
V
74
,
77%
103
30
77
77%
29%
v
;
-
30
30%
77%
77%
,*20%
21%
20%
20%
20%
20'A
20%
20%
20'A
26%
26%
26%
26 %
27
26%
27%
27'A
27%
*9%
*81%
7% 1
86
*29
*28% 131
31
'
v
7%
16%
*29'%
,
9% t 9%
8%
9'A
31
*29
:
*85
31
•
:l
9
86
*30
9%,
30%
,
7%
7%
7%
7%
7%
17%
16%
17%
16%
10%
10%
10%
10%
10%
10%
10%
93
92%
92"%
92'A
92%
93
93 >
93
*12%
13 .1.
12%
12%
12%
12%
12% £ 12%
1
*21%
22%
*21%
42%
42'%
42%
31%
32
32%
31%
-
*73
31%
31%
70
' 173%.
31'A
70
*69%
*73
78
69
69
68%
86
8
10%
t
'
I
t
•-
!
8.100
32%
32y2
32%
}
4.700
70
70'A
>
*73
78T
*68'A
73
400
I
69
'30
400
.
'
'1 ■>.'>
i-•
v
*
i
;
It
19%
14'A
14%
14'A
14%
14%
35%
*35
35%
14'A
14%
,
19%
19%
19%
19%
19 %
40
39%
39%
39 Vz
14%
19%
39%
41
19%
19%
41%
41%
*103'A
104%
103 %
104
104
17
*16%
16%
16%
16%
16%
17
17
41%
42
42
41%
42%
5%
5%
*16%
42'A
42%
41%
5%
5%
5'A
•Bid
'
5%
5'A
and asked prices;
104
104
no sales
5%
on
this day.
-
240
~
3.200
11 WV*
V.'
••
•
T
18, 1944
Saturday
—
Monday
!
Tuesday
Wednesday
—
-
Thursday
Friday
TotaL
—
Shares
5,096,455
Dec
85
Aug
67%
Jan
99
57
Jan
109
Jan
110%
106%
77
103
32'A
84%
7
24
Jan 27
4% Jan 14
6
Feb 3
<
Jan
8
July
July
May
July
July
11%
10
7
13
5
3
10
July
Mar
July
July
v
-
•;
;
„
\
27 Va
9'A
14%
33%
96
13
.
Apr 25
Jan 3
Apr 24
Jan 6
3
Jan
.-.-No par
33% Jan
3
1
3% Jan
Foreign
Railroad
ft
industrial.
Total
Bonds'
Stock.
rCash sale,
$79,000
.
s Special
wd When distributed.
sales,
■
5%
Bond
,
-
173,850,395
.• •
Shares)
Week Ended Aug. 18,1944
'•/
81
.
-
Monday
32,735,500
1,806,154,100
Nov
29'A May
106%
112%
Jan
52
Jun
60
Mar
85
July
Apr
Oct
71% July
Jan
20
Jan
22% Aug
3%
Jan
10% July
2%
5
12
24% July
13%
23
99
Jan
Jan
15
7
Jan
18
58%
Jan
7 V9
Jan
40
*20%
Jun
86
Jan
27
Oct
Apr
Oct
2%
Jan
6% July
2 Vb
Jan
9ya
4%
9%
Jan
Jun
Sep
Jan
86%
Oct
9
Jan
11%
Apr
115
Jan
17%
24% July
Jan
30%
Dec
121
Jan
42'A July
July 17
16%
Jan
25%
Oct
July 14
44%
Jan
54
Jun
July 14
46
Jan
57'/a
Jun
Mar 14
78%
58%
Jan
12
Apr
108
Dec
Jan
70%
Sep
,v
.
•/.
'
.
31% Sep
21Va Jan
July 20
July 14
July 5
July 7
__
—
2
16% Jun
Jan
37% July
Jan
19%
5
—
17 Va July
41 V\ July
98
Nov
77/a Jan
30
Jan
82
Jan
9% Jan
4% May
y Ex-rlgbts.
Exchange
Foreign
497,000
Government
4,000
513,500
23,000
2,000
538,500
647,000
14,000
14,000
675,000
$2,909,500
$56,000
$29,000
$2,994,500
$2,909,500
56,000
Foreign corporate—
—
29,000
$2,994,500
Total
of representative stocks and bonds
compiled by Dow, Jones & Co.:
Bonds
Rail-
trials
roads
ties
41.48
41.27
41.08
41.45
41.81
41.93
24.78
24.82
24.77
24.97
24.98
24.96
August
16
August
17---<—
146.56
146.77
146.45
147.30
148.46
August
18______
148.96
14
15
,_i.
.
■'')
V.
' ' Xt
1943
706,655
•
—
.
Jan. 1 to
1944
44,495,227
613,000
Aufy 18
1943
54,196,372
Bonds
Domestic
II
IndusDate—
1944
1,390,840
of shares
Foreign government
.
20
513,000
9,000
9,000
1,390,840
—
Stocks
39
504,000
504,000
600,000
306,080
Total
the New York Stock Exchange as
-.'.'"T
Total
$151,000
6,000
$1,000
198,710
Friday
the daily closing averages
are
Foreign ,
Corporate
$3,000
■
311,560
$34,102,550 $1,883,617,800 $2,394,413,925
'
July
Bonds (Par Value)
Domestic
$148,000
Stock and Dond Averages
-
Jun
40
209,150
;
Wednesday
2,311,278,400
•'
136
Jan
57'/a
6% July
*
_i
208,087,181
27,710,200
•
100
Jan
22%
.
x-Ex-dividends.
;
73,148,500
.
Jan
44% July 12
'
18
1,295,500
-
24% May
31
17% Jun 28
104,850
;
Tuesday
$2,208,925
81,926,600
August
Jan
120
Aug 18
15%
20%
42%
104%
260,490
Saturday
$29,061,200
$4,315,200
August
Oct
Dec
15 ya
36'/2 July 17
of
I
Stocks—No.
$71,550
12
Apr
49%
24%
' =
.
1943
2,824,453
August
11%
Oct
Nov
July 31
July 6
73
73Vu
87ya
70
(Number
5,087,500
5,888,000
5,681,100
,
1944
$79,000
on
Jan
Sep
22
4
13
17
18
10
j.4
11
Total
Jan. 1 to Aug.
5,096,455
listed
Apr
37%
Transactions at the New York Curb
-
SalesTJ
$1,908,700
5,271,000
5,224,900
.
$6,000
T 17,000
5,000
20,500
7,000
23,500
Below
6%
Stocks
1943
$29,061,200
Jan
July 10
24
43'A
33%
19
1,272,000
Government
Dec
July 10
14%
124
6
Zenith Radio Corp—
Bonds
S.
31%
2%
Week Ended Aug. 18
U.
Oct
Jan
July 14
96
V;.' .V-S,
Mar
Zonite Products Corp.
Week Ended Aug. 18
Stocks—No. of shares
16%
110
Jan
...
2.700
$1,272,000
1944
,
Oct
Jun
19
30
Aug 3
; 9% Apr 5
20'/a July 5
11%
Oct
87%
119
Jan
Nov
103
July 18
86
3
80'A Jan 4
10% Jan 5
124
July 31
19% Apr 27
*36% Jan 3
20% Jan 4
47% Jan 5
49
Jan 5
69'/2 Jun 8
58
Apr 26
Aug
22
29%
11
9*%
-
-
2.500
n New
July
July
Jun
July
July
July
July 10
July 10
108% Jun 19
138
Jun 17
36
Jun 24
32
July 21
Feb 7
• 7'A Jan 24
5
Jan 26
x64% Jan 24
5%
243,000
$27,710,200
20'A
Jan
Daily, Weekly and Yearly
$104,000
164,000
280,000
227,000
, 254,000
'
Feb
43'A
Bonds
374,470
$1,798,700
687,700
5,090,000
784,050"
4,939,900
860,490 1 4,840,000
1,238,225 '
5,627,000
1,151,520 T 5,414,600
7
5'A
United States
Government
Foreign
Bonds
>. -..
Jan
t*/
V'V.'t
Daily, Weekly and Yearly
Week Ended Aug.
Jan 20
Apr 24
25% Jan 13
Yale & Towne Mfg. Go_
23
York Corp
1
Young Spring & Wire
No par
Youngstown Sheet & Tube__No par
5%% preferred series A
100
Youngstown Steel Door
No par
:
Railroad
and Miscel.
8%
50 Vb
iV-/v.:
■
'
Stocks,
Number of
79%
28
42%
Transactions at the New York Stock Exchange
;
26% July
Jan
107%
35%
6'A
1 16y<
^ 53%
31'A
28%
5%
Deferred delivery,
a
■■
8'/a July
Jan
69
1
105'/2Jan 12
10iy2May26
59'/2 Feb 19
97'A Jan 3
20Va Feb 7
66'A Jan 28
•
Jan
17%
4
Apr 25
Jan 7
Jan 3
Feb 10
42%
5%
•
2.000
9,500
104
17
17'A
8.900
20
,41%
104
104
42
tin receivership,
=
-
s.
1.700
14%
19%
x40'/2
104
104
14%
14%
•
36'A
36
35%
35%
14%
19%
39%
.
39%
34%
35
-
No par £
•'
...
•
-i
.
34%
.35
35
Feb
127% Mar 8
32
Jan 4
■
Sep
Dec
July
95% Aug 17
x91
-
Apr
106% July 5
97% Aug 1
117% Jan 10
-
-
-
7%
■■..■" ■. -i,i
>
.
r.-.'■
*;
100
»
74'/a
"
687/a
v
69
Jan" 3
•
Woodward Iron Co:
10
Woolworth (F W) Co
-10
Worthineton P & M (Del)—No par
Prior pfd 4y2% series
100
Prior pfd 4'/2% Conv series—100
Wright Aeronautical
No par
Wrlgley (Wm) Jr (Del)
No par
}00
71
*70
v
♦7378
69
2%
6
9.
Jan
Feb
..20
.—5
1
Wilson & Co Inc
f
71
26
-
1 $6 preferred
No par
Wilson-Jones Co__^
.10
Wisconsin El Pow Co 6% pfd
1P0
43'A
-
Jan
16'A
103
26%
3%
7%
41
22%
21
-
White Rock Min Springs
-White Sewing Mach Corp__
1
$4 conv preferred
No par
6.900
22
*70
17%
23
Jan 6
6% Jan 3
22% Jan 26
18
2,100
1
427/a
70'/2
20%
20
1.500
__
23 Vb
Jan
1
No par
j
93
22
70'/2
70
r
"50
427/a
/
Jan
12%
•
j
10%
15%
:_20
-I- '".
Prior preferred-:
1.300' /Wilcox Oil & Gas Co
28.500
: Wlllys-pveriand
Motors
8.500
*
32'A
32%
White Motor Co
11.300
«
'
12%
*123
White Dental Mfg (The S S)
•
\
30%
:
July 12
July 6
July 11
July 5
Jun 19
Apr 5
25% May 31
•
<
No par
No par
100
100
No par
No par
:
t
|
1
•-:•
92% ;
22
*68'A
:
•
400
6,600
12'/2
__
*21%
70
70
701/2
78
68%
*68% 168%
•<
:
*69
70'A
*69
1
-
390
42'/a
22
1; 42%t. 42%
42%
*73
70%
*69
42%
71
*69
71 T
*69
v
*123
*21%''
*21%:. 22
22%
:
42
-
*123
*123
*123
*123
-
S
93
13
10% -10%
|
27%
:16% ?17
:
10%
*92%
-
8
"s
*12%
4.100
20%
,*30
£' 17%
£ 8
,50
i
i
78
*85 T
.
£
i
9%
9%
-8% "•••'* 9%
:
'
\
31%
27%
86V
..
74.
104
*20.'
9%
,9%
8%
*85
16%
:
17%
16% 116% '
9%
85
85
I
IK 7%
7%
9%
'8%
8%
8%
8%
86
*81%
9%
9%
9%
8%
...
50
84.50 preferred-^.
84.25 preferred
Wheeling & Lake Erie Ry
5%% conv preferred
Wheeling Steel Corp
- $5 conv prior pref
'20
»
77%
20%
26%
«
31%
—-12.50
No Par
600 ": Weston Elec Instrument
800 1 Westvaco Chlorine Prod
106'A
*103
*
24%
19%
30%
10%
25%
83
-
j
j
July
15% July
32%
-.
110
110/
777/a
103
•-
f
I
31 'A
*105'A
*
31'A
103-
f
33%
'
»7i
30%
77%
"
74
®7i
103
•
\
T
34 A -A -33%
3iy4
*29%
-
31
74
*71
*102%
*102%
29%
104
*33%
28%
27'/2
»133%
V
77%
4%
12%
-«-27% A-27%
.,.V,'-1047/a 105% "
27%
*
1047a
31%
78
i
v
,
,
*133%,""—"
*133
34%
77%
4%
May
2% Mar
56
Jan
96% Feb 16
85% Jan 3
113% Apr 1
•
West Va Pulp & Pap Co
No par
6% preferred—
100
"Western Auto Supply Co__
—10
900
[Western Maryland Ry
-^—lOO 1.100
4%-non-cum 2nd preferred—100
12.900
Western Union Teleg class A-Nctpar
6.400 T » Glass BNo par
5.700
> Westinghouse Air Brake
No par
4,800-' Westlnghouse El
50 <
1st partic preferred
!_50
)
Jan
26
Jan
83
100
1100
100-
13
Jan
%
Apr
3
May 18
July 10
Dec
77, Jan
18% Feb
" 30
2.500
j
35.,
12%
■
;
4'/a
11% Mar 31
22
-
1.000
L-
47%-477/a
.
.,*33%
29%
I
v
;: 31%
*71
26'A
34%-
13'*: vT'£
31%
; 29%
80
170
7%. preferred
6% preferred—
West Penn Power 4%% pfd
$ per share
33% Jun 27
West Penn Electric class A__No par
26%
V-
47% V47%
V:
140'
250
f
94
*107'A
.
i
f
-
47/a
4%
12%.
'
.■
*31
T
29 y2
-
A
22% Feb 14
22% Apr 25
15% Apr 25
]
•
117%
34%.L
*33% •34%
*102%
r'
94
i.
25%
.*
12%
104%
117%
31%
*106
74
,
26%
.
34
;
*110
*105%
.
*133
*31
*110
*
-
101'•','
107
46'A
12%
104%
"*
200 "
6.800
'
1
34
34
V:-*31
♦71
4%
27%
*133
*102% .104
47%
vl04%
.
*133
*33%
25%
x33%
12%
1
27
104%
25%
33%
x26 %
128%
25'A
33%
*107
25%
95%
|
95%
f 1
95-"-
*
25
117%
117%
33%
46
%
*93%
117%
1.500
80'A
,
.
4.600
'
23%
*80^
A
104%
104%
95
•117%
25
13:
47
48%
-
33%
:v
47% 1
*12%
*11% ; 12
95
104%
..*93%
*107
*4%
>
24%.J 25V":,"
95'/2
95%
1.600,'
1,500
9%
9 v
80%
*
2
62
15
No par
5
Wayne Pump Co
1
Webster Eisenlohr_
No par
Wesson Oil & Snowdrift——No par
$4-conv preferred
No par
West Indies Sugar Corp
1
300
1
29%
*23%
25
95 •:<••
.
"
t"
80%
8
Jan 27
1% Feb 9
45
Jan 27
11% Apr 24
No par
Warren Fdy & Pipe
Washington Gas Lt Co
Waukesh* Motor Co
200
19'A
29%
9'A
24
*23%
9,200
24%
A
19
No par
No par
50
5
Highest
$ per share
$ per share
Class B
$7 preferred
Warner Bros Pictures
J 31
24%
;
.
29%
9'/a
v
v
24%
: 18%f
1.000
Lowest
S per share
Ward Baking Co ci A
3.100
13%
13%
31
80%
104%
;
94%,;. :
25
|
33%
33%
33%
v
24
24%
117%' 117%
*
*106%
33%
9%
9
105
93%
*29%
23%
95
104'A
*117%
*106%
T
94%
103 %
94
117%'"
117%
29%
*80
24%
*94'A
,
18%
-.
v
103%
94%'
*94'A
103'A 103 »A
9%
24%
;
,
.
*24%
18%
29%
80%,
13%
24%
18'A
2.100
2
31
13
*30%
*24%
18%
23%
*80
13
Par
57
2
55%
...
Year 1948
Range since January 1
Lowest
Highest
,
Shares
10%
10l
2
57
31
»
29%
-
23%
,
80%
*80
*29
24%
'
9
9'A
23%
9Va
9%
*23
*80 Vb
i
12%
31
10%
2
54
53%
Range for Previou
NEW YORK STOCK
EXCHANGE
the Week
-
$ per share
share
per
9%
2
*1%
*53
13%
*29
29%
31
...
13
13%
31
*29
*29
$
9
9
2
53'A
53'A
Aug. 18
Aug. 17
S per share
9'A
1%
54%
13
.
9'A
2
1%
54%
13
f per share
10
*9%
10
*9'A
*52%
STOCKS
Aug. 16
Sales for
Friday
Thursday
Wednesday
Aug. 15
S per share
per share
RECORD
SALE PRICES
Tuesday
Monday
Aug. 14
Saturday
j
AND HIGH
743
Utill-
•: i •••
Total
;
65
Stocks
10
Industrials
i
52.69
107.45
♦ 52.68 ' 107.37
L 52.54
107.37
| 52.90
107.35
* 53.28 - 107.38
j 53.43
107.31
' ?'
\
10
First
Grade
Rails
109.74
109.70
109.84
-109.76
109.78
109.71
—
10
Second
Grade
Ralls
80.51
80.57
80.47
80.76
81.20
81.06
;
_W
•
10
Utili-
ties
Bonds
110.29
110.24
110.24
110.26
110.21
110.15
•
Total
102.00
101.97
101.98
102.03
102.14
102.06
40
$3,085,000 $118,077,500 $146,398,000
77,000
6,941,000
9,652,000
24,000
709,000
969,000
$3,186,000 $125,727,500 $157,019,000
THE COMMERCIAL & FINANCIAL CHRONICLE
744
Bond Record
New York Stock Exchange
«»
FRIDAY
notice—Price*
and deferred
Cash
the column headed "Interest Period" indicate in each case
The italic letters in
WEEKLY
-
bonds.
defaulted
YEARLY
-
delivery
sales
disregarded
are
the week's
in
unless they are the only transactions of
range,
No account is taken of such sales in computing the range for the year
the regular weekly range are shown in a footnote in the week in which they occur.
and when outside of
the week,
and
for Income
Interest"—except
"and
are
Monday, August 21, 1944
:
the month when the bonds mature.
'
range
*■■■
Interest
Exchange
Last
S.
U.
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury 2s
Treasury 2s
Treasury 2s
Treasury 2s
2s
Treasury
2s
Treasury l%s
Home Owners'
1 Vis
Panama
3%
M-S
90%
M-S
81%
104.17
104.21
105.18
110.10
110.16
110.19
J-D
M-S
1948-1951
111.20
112.13
102.16
102.14
106.12
109.10
109.3
111.15
111.15
111.9
,—1958-1983
J-D
1960-1068
J-D
111.11
*111.12
111.14
111.10
111.10
*111.22
—1943
J-D
,__1948
__
v
—
111.24
111.7
M-S
1949-1953
.V
112.0
1962-1967
1963-1968
J-D
June 1964-1969
Dec. 1964-1969
--—1965-1970
1967-1972
-1651-1953
1952-1955
1954-1956
J-D
1945-1947
103.17
*100.15
100
6
100
100.7
100.10
6
100
100.11
100.10
M-S
100.17
100.9
106.9
*102.4
J-D
AT-3
*107.3
•
:
M-S
J-D
100.18
>.
' '
-
J-D
/
J'3:
UK-
M-S
f
—
,
107.9
*104.23
104.25
104.8
101.26
M-S
M-S
*101.14
101.16
101.6
-
-
101.8
100.21
M-S
J-D
:
100.21
:■
^
;;
7
100.5
1
100.16
100.14
'V
*105.13
City
v
QJun
•
.
*100.26
100.27
1961
M-S
J-D
,
,j
112Vi
108%
40
112 Vi 11314
.
113%
of
1928
of
1927—
external
Oct
Jan
f $
s
i
.
'
External
4%s
Foreign Securities
A
loan
REctor 2-2300
120
Broadway, New York
NY
1-1693
sink
fund
6s
1947
F-A
1948
A-0
(King of Norway) 4s
AAntioquia (Dept) coll 7s A
60
60
60
1
*60
1968
M-S
1943
J.J
24%
25
*65 Vi
60
50%
59%
(Rep of) 8s
17
25%
13
s
f 7s series B
1945
J-J
25
25
1
17
f 7s series C
1945
J-J
25
25
4
17
25
17
25%
s
f 7s series D
1945
J-J
24 %
25
8
AExtertial
s
f 7s
1957
A-0
24
24
1
AExternal
sec
s
f 7s 2d series
1957
A-0
23 Vi
24
AExternal
sec
s
f 7s 3rd series__1957
A-O
23%
J-D
81%
M -N
99 % 100
series
AAntwerp (City) external 5s
1958
(National Government)—
25
v
S f external 4%s
f
8
loan
1948
4Vis
1971
M -N
96%
8 f extl conv loan 4s Feb
1972
F-A
89 Vi
8 f extl conv loan 4s Apr
1972
A-O
conv
Australia
(Commonw'lth)
External
5s
of
5s of '25-1955
1927
1957
11
16%
23%
2
16%
5
56%
87
External g 4%s of 1928
Belgium external 6Vis
External
s
External
s
1950
lABrazil
(U 8 of) external 8s
J-J
1953
f 7s
M-S
1955
J-D
1941
J-D
1951
A-O
61
f 6Vis of 1927
1957
1952
J-D
A7s
(Central
Ry)
3%s
.
Series
No.
3%s
Series
L
No.
2
3%s
Series
No.
Series
No.
4—'
3%s
Series
No.
5
3%s
Series
No.
6
3%s
Series
No.
7
3%s
Series
No.
8
3%s
Series
No.
9
3%S
Series
No.
10
17%
27%
v
A-0
68%
68%
4
57%
49%
14
.39%
49
-
*40%
'
M-N
*40%
7
57%
69%
69%
51 %
-
__
34
41%
—
34
41%
:
F-A
J-D
M-N
*40%
■
79%:.
*
79%
76
:
M-N
M-S
*106Vi
79%...
78
'
29%
—
41%
59%
-
:•
'
80%
,,
78
57%
'
*106
F-A
36
29%
21
33
104%
—
108
106%
J-D
J-J
*106%
J-D
148
A-1951
; a-o
*75
59%
75
A-0
*75
59%
75
'
104%
102% 104%
:..i
J-J
100%
108 %
104%
112%
139%
152
__
148
84
84%
13
'69
89%
F-A
81
83%
6
71%
89%
A-0
77%
77%
1
67%
84
1942
M-S
'91 Va
A-O
*97%
A-0
92
M-S
,
'
100
100
100
A-O
100
*99
100
3-J
*35%
1949
i
j-d
I'
"
loot
;
j.
,84
No.
13
Series
No.
14
3%s Series
3%s Series
No.
15__
f£).
38
•—+
~~
101%
—
105%
100
—
part
paid
part
paid
1994
19%
1968
f 6s series A
s
s
f 5s!
■"■"I'
19%
17%
100
17%
92%
95
I
21%
16%
I
16
19%
75%
96
95%
99%
~
1953
A-0
M-N
*99%
A-O
*16%
1954
J-D
1954
J-D
1943
M-N
A
100 v8
101
50
64%
47%
63
47%
17
49%
58%
58%
22
1
-
-
56%
5,
to
Nov.
1942,
Assented
to
Nov.
64%
1943
1942,
56%
1954
1933
59
—
13
—
18%
61
"q-j
*10%
a-
n-n
Nov.
1945
28
95
T"'-
-
rli":
—
12%
%
19
16%
28%
I;.:
89%
98%
"■
13
•„
.1::
—
•■'•
11%
—
9%
To
II;::
Q-J
,•*17%
17
17%
•13%" 17%
14%
16%
*10%
10%
11%
9%
10%
1-3
*14%
10%
14%
1-3
*17%
:
13
10%
15
14%
16%
13
14%
18%
18%
16%
17
.
"7
14%
—
19
agree
(State)—
f 6%s
1958
M-S
s
f 6%s
1959
M-S
1952
J-D
*103
M-N
*100
South
(City)
A
7s
__
Wales
s
11%
f5
"j-D
s
series
11%
9%
"
f 5s
41
*40%
41
i
11
41%
32
:•
41%
32
92
•
41%
103
-
89
100
(State)—
1957
F-A
98%
98%
98%
15
93%
98%
1958
a-0
98
98
98
19
93
99
58%
61
to
/
*91%
«.
Sec external
New
59
57%
>
agree
External
6
47
.
agree
A 6s
-58%
59
59
y-
■
agree
1942,
Assented
AMontevldeo
59%
58 Vi
agree
1945
5,
*
ASec external
62%
57
Nov.
extl 5s of 1899 £
Assented
Mlnas Geraes
■
59
to
(US)
1942,
A
r
Assented
28
B-14:
8 A Treasury 6s ot 1913 asspnt
A Assented
to Nov. 5, 1942,
102%
20
63%
6%s
5,
102
27
I*.
(Colombia)
5,
A
29
61
58%
1
External
3%s
No.
No.
s
f
5s
Series
No.
19-
3%s
Series
No.
20
3%s
Series
No.
Series
No.
3%s
Series
No.
No.
3%s
Series
No.
No.
;
Series
No.
28
Series
No.
II
29
3%s
Series
No.
58%
58%
w_
30
58%
58%
FOREIGN
SECURITIES
_II
-
58%
58%
■m-im
55%
-55%
58%
33
...55%
58%,
*57%
r.ARL MARKS & r.O. INC.
-
FOREIGN SECURITIES SPECIALISTS
*57%
i
1
*57%
*57%
*57%
—
55%
110 100
58%
58%
58%
50 Broad Si., New York 4, N. Y.
Telephone HAnover 2-0050
*57 Vi
748.
FIRM TRADING MARKETS
.
__
__
page
"
60
58
I
27
3%s
58%
.*57%
26-
3%s
■
•I-
03:
••
•',
> uheift
*57%
25
Series
For Financial Institutions
*57%
,*57%
24
3%s
57%
*57%
23
Series
57
*57%
—
.
22_
3%s
58%
"2
58%
57%
*57%
-
21
3%s
58%
*57%
18
3%s
58%
"I
,*57%
17
No.
"I
57%
16
Series
3%» Series
58%
58%
*57%
*57%
,
ioo
30
iLi.-;.-'
-
*105
1949
100
2
13
j
r:.
40
.
..
.V r
100
A-0
92
86 Vi
85
—
v ;
:
1967
7s
AAssentlng 4s ol 1910
61%
58%
'
1962
j.S60
98
102
61%
58%
*
103%
*57%
3%s
see
16%
14%
16
*57%
-
3%$ Sereis
footnotes
88
61
12—
Fnr
(Republic of)
(Republic)
A
58%
11—J
No.
-
68%
49
1969
AAssentlng 4s ol 1904
63%
58%
.
16%
3
10
1940
AAssentlng 5s of 1899
101
100%
4
m.~
\
•'
.
15%
68 Vi
J-J
A-0
1957
101
587/s
No.
Series
'
92
,r
62%
58%
58%
3%s
3%s
92
60%
fc
18
Government—
AMexlco
82% -93
62%
\
18%
18%
15%
.
1940
series
Irish Free State extl
-
1
''it
__
3%s_JSeries No.
Series
13
5
63
3
3%s
16
51
60%
1944 (Plan B)—
1
90%
100%
97
A-0
A6s
Haiti
A
93
102
63
f 6Vis of 1926
s
15%
17%
:
1;
13'
1955
(Prov) 4s readjusted
Mexican Irrigation—
A4%s stamped assented
99%
82%
*102
s
External $ bonds of
92
71
97
AExternal
68 Vi '
A-0
1961
1942
Mendoza
101%
26
101% 101%
AExternal
98%
97%
102
102
?
a7s
■
99% 100%
M-N
1949
f 6a
17
90 %
100
1961
AMedellln
23%
81%
89 Vi
100
:
18
24
96%
100
M-S
J-D
18%
: 18%
,17%
16%
17
18%
16
"i
16%.
„
a28
AJugoslavia (State Mtge Bk) 7s
24
89 Vi
*
89'/a
3-J
.
-16%
Argentine
-
I
25%
s
1st
15%
a28
:
17
__
AExternal
AExternal
«■<!>_.
II
18%
is
1952
ser
B
Republic 7s stamped
unstamped
Greek
16%
M-S
~4
17%: 17%-.
17%.
M-S
17
..<
16%
1945
Sinking fund 8s series
78
A
External
*
19
16%
>
__
18
*16
*
M-N
19%
19%
1977
French
53
—
A-O
M-N
•
19
,
1953
5 Vis
Czechoslovakia
AEstonla
fund 6s
AGtd sink
16%
*16%
1949
debt
wks
5%s 2d
AGtd
16%
"I
17%
*16%
J-".'
__
1963
Customs Admin 5%s 2d series—1961
5Vis 1st series
1969
Foreign Govt. & Municipal
Agricultural Mtge Bank (Colombia)—
Akershus
'
,
1949
§ A 1st series 5%s of 1926^
8 A 2d series sink fund 5%s
T eletype
J
A-0
J_
1951
External gold 4%s
lADominican Rep Cust Ad 5%s
Members New York Stock Exchange
Telephone
J-D
1953
IA Denmark 20-year extl 6s
External gold 5%s
Wertheim & Co.
17%
:
16%
1952
4 Vis
external
Public
A
II
*16%
1948
Sinking fund 5Vis
A
19
.
17%
...
>
:_1947
Rica (Rep of) 7s
(Republic of) 5s of 1914
Cuba
10
J-D
:_1947
Colombia Mtge Bank 6%s
A Sinking fund 7s of 1926
A
Sinking fund 7s of 1927
A Costa
^
Is
J-D
1970
bonds
(City) 5s
25-year gold 4%s_—
,
19%
20
16%
(Republic of)—
Copenhagen
T
17%
J-D
1960
A 6s
A
M-N
1981
20
16%
:
'.17%
.1960
(Hukuang Ry) 5s
19%
17%
II :;:x
.
1963
assented
A 6s
3s
16
A-o
1961
.
.
19%
20
16%
"2
1961
sink fund 6s
19%
; 16%
36
18%
.1061
Chilean'Cons Munlc 7s
134
18%
18%
1057
;
Chinese
18%
15
18%
*
1961
A 68 assented-^-]
23
18%
23
.1957
6%S-
A
134 ■*,
19%
16% '19
27
M-N
.1963
A
134 •/ <134 V"1'
17%
18%
18
*18
.
A-0
1963
assented
A6%b assented
i:
17%
18%
.1963
Guaranteed sink fund 6s
: A 6s assented
I
A 7s
:
37
18
J-J
.1963
101.12
v.'V
__
18
23
17%
M-S
assented
Sinking fund
.
100.28
105 Vi
a
J-J
1961
Sep
100.15.
100.28
104%
101%
16%
1961
1961
Sep
assented
Colombia
;
103%
1
•
17%
18%
Jan
100.9
17
103%
I 17%
Jan
sinking fund 6s
A Guaranteed
■
1980
f bs
s
assented
A
Unification Issue—
Corporate Stock
Aba
loTi"
100.15
103%
10 J %
M-N
F-A
,
105,15
101.14
_
101%
8
*18
1061
100.19
*101.12
;
3-D
103%
M-/V
Feb
A
;
106%
101%
1
F-A
6s
AChile Mortgage Bank 6%s
A 6 Vi 8 assented
;
104 Vi
"5
*50
1961
A 6s
100,22
100.I8
100.15
;I J-D ;
3-D
100.22
100.I8
j-j
Feb
fund
110%
103% 103%
103%
A-O
sinking
62%
108%
103% 103%
;
A-O
A 6s
10IT 10T19
\
50
102% 102%
.1943
f 7s
AExternal sinking fund. 6s
10L1
v
,
J-D
>
>
18
.1943
s
AExternal sinking fund 6s
101.9
*101.6
,
,
88 %
1
j-j
1954
.1960
■
101.26
101.22
1958
.1960
A Extl
101.24
*101.21
15
.
J-D
86%
73%
11
62%
*102% 102%
j-j
8s
External
Any external
104.8
101.27
*101.22
w
.73%
85%
102% 102%
j-j
1953
assented
101.31
*101.25
1948
15
J A68 assented
104.7
102.2
87%
-104% 105%
102%
AExternal sinking fund 6s
A Extl
100.18
101.31
:
100.18
95
86%
72%
109% 109%
109%
J-J
15
a7s assented
107.11
100.2
107.5
100.14
*104.5
*102
V
.
(City)
(Rep)
A 6s
———————.
York
AChile
102.6
;
-1961
Jan
3s
J
A-0
Jan
:
ACarlsbad
107.3
J-J
90
'72
83
62%
3-J
Jan
3s
100.18
106.23
82.'
85%
M-JV
a
2 Via
100.11
100
24
.
*100.15
*106.21
1
43
90%
62%
'
J-J
-1968
100.10
M-S
>
-1067
3s
100.9
J-D
;
3s
100.7
100.9
100.9
J-D
30-year
100.17
100.11
100.17
100.9
100.9
99%
98
100%
.95%
81%
*81%
M-N
-I960
103.22
*100.7
—
100.9
90%
81
A-O
.
1984
30-year
103*31 104-*"
103.23
—
J-D
■;
103.31
*103.21
__
f $
(Dom of) 30-yr 4s_
25-year 3Vis.
w
*103.29
M-8
1978
f 4%-4%a
a
external
Canada
106.31
106.16
106.31
101.
92
"
*80%
F-A
bonds-
106.24
106.31
—1975
3%
103.9
106.16
*107.8
—
M-S
1956-1958
102.28
106.15
;.v_
M-S
1952-1954
102.23
*106.13
J-D
-.1950-1952
*102.21
—
.1977
—1978
External
109.12
106.12
Hioh
Low
4
Y
.92
"
106.24
*109.8
;
.1991
f 4Vi-4%s
s
January 1
4
(Province of)-
stamped
Refunding a t 4%-4%s„
External readj 4%-4%s__
103.11
106.12
*102.14
M-S
1
A 6s
External
111.11
112.4
Buenos Aires
104.20
—
J-D
.1956-1659
104.20
111.4-
—
.
M-S
.1951-1954
104.10
111.4
112.4
—
M-8
._1945-1947
_
*104.8
*111.2
—
M-S
1955-1960
New
Transit
*100% 101
*110.8
3s_——————-1961
Canal
Registered
„
*104.15
M
series
J-D
—
.—1947
Mar 1948-1950
-Dec 1948-1950
___Jun 1949-1951
Sep 1949-1951
—Dec 1949-1951
March 1950-1952
Sept 1950-1952
1951-1953
1051-1955
——1952-1954
.—1953-1958
June 15 1948
Loan Corp—
2s.
.1950
J-D
.—1956-1959
Treasury
Sinking fund gold 6s.
J-D
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury 2 Vis
Treasury 2 Vis
Treasury 2 Vis
Treasury 2 Vis
Treasury 2 Vis
2s_
2s__
106.9 *
105.9
;
95%
102.29
101.15
105
'
96%
-
f 5s
a
,
No
98%
96%
101.11
.1951-1953
98%
F-A
(City)
Range Since
Sold
High
.1958
*104.30
2%s_.
2%s
2%s—
2%s—
2%s_.
23/48_.
2 Vis.
2%s2%s.
2 Vis.
2 Vis.
2Vis
2Vis
2Vis
2 Vis
2 Vis
2 Vis ——
Treasury
Treasury
Brisbane
Bonds
Friday's
La w
Sinking fund gold 5s_.
*101.9
._1946-1948
or
M-S
;
—
Week's Range
Last
Sale Price Bid & Asked
.1957
—
"
Friday
Interest
Exchange
Period
111.23
M-8
—
Stock
High
110.29
J-D
3s.
27/«s.
Treasury 2s
Treasury 2s—
Low
No.
High
110.24
1946-1049
3%s
3%s„
3 Vis.
Treasury 2s
*110.22
—
;
r..
January 1
.1949-1952
4s
Treasury
A-O
18
Ne* York
Range Since
Sold
1947-108J
——1944-1954
1946-1958
Treasury 3s.
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Low
Government
4%s
august
ending
BONDS
Bonds
Friday's
or
Sale Price Bid & Asked
Period
week
Week's Range
Friday
BOND8
New York Stock
for
10
56
58%
Teletype N. Y. 1-971
-
i'i7' jtc."
■H.'
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number *4309
160
745
NEW YORK BOND RECORD
Stock
New Tork
.,
Last
or
Bonds
Friday's
Sale Price Bid & Asked
Period
18
AUGUST
ENDING
Week's Range
Friday
Interest
Exchange
WEEK
FOR
RANGE
BONDS
..
.
Range Since
Sold
.January 1
Low
Vo.
High
xLow
•
Chicago, Mil., St. Paul & Pac. R* R. Co.
High
txiwn&i
1965
Municipal Bank extl
(City) sink fund 4%s
Oslo
aPananiit
(Rep)
exu
l
s
:
A-O
(Rep of)
APeru
1947
88
88
83
90
,
90
883%
;
96 :/
105%
3
31%
41%
21%
4
163/4
25
L.
A4%s assented
loan
A Stabilization
t 7s
8
1958
L1947
..
18%.
19%
123
16'A
24'A 7'
19.:
193/4
38
17
24'A
sink fund
A External
1950
:_1963
1961
gold 8s„
A4%s assented
V
APorto
Alegre (City of) 8s
;
,
,s
37
*12%
44
43%
''I
F-A
::v
44%/ -: 44%
"
F-A
40
:
•;.
44%
.12
40
A-O
47%
47%
47%
2
39
47%
J-D
38%
38 5/s
38%
7
29
39
1967
1964
J-D
Af-N
A6'As extl secured s f
1952
1957
8s
extl loan of
A 6s
external sink
-.1948
1921
fund gold
A7s external loan of 1926;
municipal
A7s
loan
Banta Pe external sink fund 4s
(City of Brazil)
Paulo
Atiao
8s
M-N
42%
4P/4
MS
90%
90%
1
34
42%
413A
42%
5
/: 34
42%
93%
35%
48%
44%
30
J-J
48%
49
38%
J-J
48%
48'/a
9
39
48'A
A 7s
extl water loan
1956
US
42'A
42%
2
33
42 Vb
A 6s
extl
loan
1968
J-J
393/8
393/a
39%
10
A-O
65
65
65%
7
(State)
dollar
Af-N
1940
Beros Croats & Slovenes (Kingdom)—
A 8s secured external
1962
A 7s series B sec extl
1962
A Silesia
(Prov of) extl 7s
—1958
A4'As assented—
1958
§ a Secured
■
f
s
7s
;
8s
1955
1946
A
fund 6s—
Uruguay (Republic) extl
A External sink fund 6s
External sink
A
33,4 6-4-4 V2s
External
bonds of 1937)
($
37/8 _4 %-"4-fg
extl conv_
1978
.
1978
—1984
AWarsaw
(City) external 7s——1958
A4(as assented—
—1958
4-4%-4%s extl
readjustment
3%e extl readjustment—;
••
15%
30
General 4s
Adjustment gold
'>.V '' Stamped 4s —.
—1995
4s
—1995:
.
—-1955
4s of 1905——I—,——1955
gold 4s of 19101960
gold 4s of 1909
Conv
Conv
Conv
Trans-Con Short L 1st
At!
—1995
——
•—
1958
4s
1st gold 5s——1946
Charlotte Air Line Ry—
Knox & Nor
&
Atlanta
L
;
ACertificates of
Consolidated
18%
15%
12
(Nov
1,
22
11
J-D
*18
F-A
,;
:
101
101
/;■'
101
10
mortgage
Second
1948
..1948
4s
1953
Atlantic Refining deb 3s
*91 a
911
1st
Af-11
*90
89
91
Af-N
*88
California
■
July 1948
Stamped modified bonds—
1st mtge gold
(int at 4% to
Oct 1 1946). due—.
July 1948
>
Ref & gen ser A
-
0
1
Dec
&
1946)
gen
ser
Af-N
7 7 3/4
73
Af-N
;?.• 773/4/;;.
71/65%
16
J-D
*72
74
*76%
773/4
F-A
?. J-J
'■•v
:
,
*66
,
*193/4
22
F-A
*15%
74
76
Z
.
7/ '
'•;/
66%
79
1
59
62
7.'
10
22%
10.
18%
1960
gtd
;
-
j
1995
'
i
to Dec 1 1946)
J-D
*1193/a
J-D
86%
*103%
J-D
68%
14
86%
86
:
Af-S !■
1993
due—
D (int at 1% to
due
2000
Ref & gen ser F (int at 1% to
Sep 1 1946) due
—1996
AConv due
Feb 11960
:
Pgh L E & W Va System—
*Ref gold 4s extended to
1951
S'west Div 1st M (int at 3'/2%
l
to Jan 1 1947) due—...
1950
Toledo.Cin Div ref 4s A
—1959
_.
•'
''
21
28
6
89%
98%
82
83
69
85%
86
93
101%
1043/a
'
22
88%
6
104% 104%
15
88
88%
/
103
trust
100%
103 '/a
*104
106
1033/4
104%
M-N
*106
108
103%
106'/a
J-J
*1095/a
107%
109'/a
97'/a
98
A-O
893/4
*98%
ARef & gen
105% 106
106
A-O
82
*80
?
102%
•
F-A
I 94
933/4
"2;
4
Af-N
A-O
7:..
,103% 104%
103%
-
5s
107%
•22
109% 109%
tlO
108
124
105
!
•19
103%
105
,,.,112
j- ;• ($8
112%
p. ;68..
-j,
ii'SX
,
92
Jan
>
^92
Q-J
Af-S
;;
75
6
,
105'A
105'A 105%
105%
AO
114
113
/
105
107
105%
106%
112%
115'A
124% 124%
124%
118%
18
112
1
106%
112
13
106%
113
1093/4
110%
14
109%
111%
106%
113
111% 111%
111
111
J-J
1
,
•112% 114
y**'-
sv:
107% 107%
M-S
102% 1033/8
103
126
873A
89
M-N
1043A
105 y
V7
V!
3-7
89
104% 105
105 il
105%;
42
/;):
!.
403A
42%
? 36
US
36
.
883/a
; 89
89%
V"
A-O
90%
91%
/
1st
48%
39%
i
52%
54
543/4
1st
—194»
92
Division
inc
&
AGen
943/a
/ 4l3/a
61
108
46%
64%
54
136
41
59
91
41%
59%
•
39 3A'
39%
40%
264
31%
44%
M-N
84"
84
84%
52
64 7
84%
4s
/,-
;
23
56
23
110%
16%
50
30
*—
16%
11%
2
51%
*—
50 3/4
11
7
12
51%
51%
34%
111%
112
83 3/a
93%
92
92
9
31
32
103
30
39%
28 3/4
30
80
28
37%
27%
26
353/4
27%
34
26%
30%
104 3/a 104%
12
104%
109 %
105% 106
27%
A-O
105%
62
100
106
96%
*107% 109%
F-A
-
87%
89
84
108%
97
74
172
84
883/4
Jf-N
t,£f-S
1
72%
85%
7.
10P/4 102
M-S
M-N
100
102%
138% 138%
107% 108
—
6
132%
138%
33
106%
109 '/2
1073/4 108%
v—
3
106%
j-j
J-J
126
J-J
*122
■/_/•■
-
J-J
26%
121%
21%
9
30%
102
•1.; ■'
106 ii
100%
12
106
1053/,
34
98
110%
108%
58
843/4
108%
1073/4 108%
53
92%
108%
53%
66
48%
63%
1253/4
128%
763/4
88%
47
65%
50
83%
Jf-S
110%
110% 110%
F-A
108%
108
107%
106 §?
103
106
—
106%
103
—,
F-A
126
319
26
105 il
j-j
'■
J-J
52
3/4
52%
*127
Af-N
J-J
82
—
54
82%
16
55 3/a
55%
56%
75%'
75%
76
713/4
71%
10
47%
783/4
67 %
67%
21
45
74
12%
J-J
12%
17
10%
28
10%
"
'
■
J-J
J-J
/,
J-J
Af-N
/ J-J
J-J
67%
;
13%
100%,
13%
133/4
,100% 100%.
17
J-J
J-J
J-J
J-J
J-J
14%
143/4
,87
13
~.
May 1 1989
May 1 1989
F__
5
103%
121%
—
126
105II 1053/4
26s/a
109
103%
120
*103%
A-O
May 1 1989
series E
101
j
82
83
157
74%
86
77%
78
29
69%
82%
86s/a
86
87
61
76%
89%
86
86
87
56
76%
89%
87%
87%
10
77%
90%
64%
82
1975
F-A
58
573/4
59
872
45%
5s._—Jan 1 2000
A-O
14
133/4
14%
503
11%
106 % 106%
89
1013/4
tChicago & North Western Ry— '
1st & gen mtge 4s ser A___——1989
Sioux
12
11%
91%
37%
11%
11%
j-j
2038
A
adiustment
68%
79%
-
29%
-.1958
1977
1971
A„
series
1033/4
92
1949
43/4S
J-J
J-J
income 4'/2S„—1999
Div 4«-_/^-^,1969
City & Pacific Div 4s-___1969
mtge
61
F-A
5s series A
conv
Plaines
463/4
:
31%
1949
4'/2s
Des
10
1989
1989
mtge 4%s__
series
84
453/4
46%
.-1949
AGen
2nd
-
83
1946
tChic Milw St Paul & Pac RR—
A Mtge gold 5s series A
F-A
.
-
1
1996
4s
series
5s
gen
AConv
54
101 %
53
A-O
gold 3%s series B__May 1 1989:.
AGen 4'/2s series C_~
May 1 1989
593/a
52%
52%
10
66
66
/
J-J
AGen
593%
54
1033/4 1033/4
69
J-J ■'■■■
—1992
1996
__1960
Alst & gen 6s series B—May 1966
Chicago Ind & Sou 50-vear 4s-^-,»„195fl
^Chicago Milwaukee & St Paul—
53%
Af-S
106
/"■"
registered
ref
&
Alst
60%
'
1C3%
.•> ' \1r\
gold 4s
cons
AGen
3-D
MS
stmp.1942
registered
AGen
.
220
34
J-D
1987
'
-
1053/a
J-J
>
tChicago Ind & Louisville Ry—
ARefunding 6s ser A
1947
ARefunding gold 5s series B™.1947
ARefunding 4s series C
—1947
I
J-D
105
M-N
1997
-___1982
Chicago Gt West 1st 4s series A—1988
104% 105%
73%
-
104%
:52
107%
12
V/(
F-A
Chicago Si Erie 1st gold 5s
"v
88
l\',
110%
66%
66%
3987
Chicago & Eastern 111 RR—
AGen mtge inc (conv)
105A'
70 3A
98
109
107%
1945
—.1962
1st & ref 4'/2s series B
f
A-O
6
97
65
1093/4 110
110
J-D
—
General 4s
335/a
v-l
113%
105%
*105
,, ,
1961
1987
„_1987
"
37
26
H013/4 104%
"
T.fy-
104
105 hi
.
"
3-j
3%s
;.>. 897/a
893/4 105
8
98
J-J
'
,
33/4s
Pi-od 5'/2s A
\ V"
■I1'.;/, ;...
I',
Illinois
69
116
100%
95%
J-J
JACl.lcago & Alton RR ref 3s
1.949
Chicago Burlington & Quincy RR—
•> Illinois division 3'/2s
1949
107%
903/4
125
>•
■
104%
f
4
14
25
104%
F-A
4s
3-D
104% 104%
95
M-S
A-O
111
110%
J-D
/
84%
j-j
1st ref gtd gold 4s_1949
112
112
■
114%
111%
21
108% 109
108%
F-A
-I960
2d consol gold 4s
112
*111
1113/fl
108%
112% 113%
J-D
1946
gtd 4s
gold 5s_
1st
gen
Power
R & A Div
Nov
J-D
115%
11
116
A-O
Potts Creek Br 1st 4s
124%
M-N
J-D
6
10
117% 117%
A-O
Chesapeake & Ohio Ry—
General gold 4'/2s
Ref & impt mtge 3%s D
Ref & impt M 3%s series E
..
3
16
c
-
4s
N Y
'■
v
35
105% 105%
114
104
102%
J-J
;
.
1
116%
:112% 113%
V
F-A
1959
registered
Certain-teed
63 -rw 3/70
'76% -92
5 '
"C
"
118%
118
,
116s/a
A-O
1945
8ACentral RR & Banking 5s
107; .114%
*104
F-A
A-O
/ 4s
Central Pacific
110%
115%
M-N
117%
J-J
Through Short L 1st gtd 4s
1954
Guaranteed gold 5s
-.——i960
24
189
1043/4105
119
1948
registered
Central
,121'/a 122'A
"
116
1955
—
Light 3%s
Eng
A General
105%
122%
A-O
New
;
109'/a '109% 109%
'
US
Illinois
iACentral of N J
;
1C9 %
J-D
116
1
1959
money gold 4s__1951
AChatt Div pur
Central
95
103
:
3
116s/a 116%
—1962
5'/2s series B____
series C
tACent
106
86%
7
.
81
103%
124
94%
116% 106%
F-A
f) AMobile Div 1st gold 5s
106%
67
103% 103%
Af-S
101
103%
132
"
116%
M-N
Nov
ARef & gen 5s
ino%
A-O
118%
J-J
3-D
/;
M-S
5 A Consol gold 5s
iao
101
*1023/a
A-n
108%
116%
4
1981
Alst mtge 5s—
,
-
A-O
953/a
,117% 1175/a
1950
ACent Branch U P 1st gold 4s
tCentral of Georgia Ry—
99
89%
117
98
109 3/4
36
117%
^.1965
Adir 1st gtd gold 4s
&
107
J-J
1949
Corp 5s w w
107%
107%
*1085/a 109%
A-O
__1960
4'/2s
3%s debs
Celotex Corp 3%s debs.
104%
*103'/a
A-O
A-O
A-O
106 3/a
68 %
66 3/a
103
J-J
J-J
Valley
69
63%
815
104
3
103% 103%
23
59
103
773/4
104
;
104
5
73%
17%
107
■1
-
■
-
1
977/a
__1968
Celanese Corp
86%
F-A
A.'
Sep 1 1946)
29
253/4
120
100
Ref & gen ser
1
63%
97s/a
A-O
gold 5s
1970
Guaranteed gold 43/4s___w
1955
Guaranteed gold 4%s
1950
Guaranteed gold 4'/2s
1951
Canadian Northern Ry deb 6'/2s—.1946
Can Pac Ry 4% deb stk perpetual
■
•
3%s
Power
Elec
Carolina Clinch & Ohio 4s„,_;
fh
(int at lVa%>
21%
J-J
-1955
5s
Guaranteed
20%
^
:
v..
F-A
60
;
773/4
60
*71%
1
(int at 1% to
due.—,
C
44%
29
253/4
Canada Southern
*
Ref
71
27
A-O
1952
California-Oregon Power 4s__
1966
cons gtd 5s A..__1962
Canadian National gold 4'/2s
1957
Guaranteed gold 5s
Oct 1969
r.
-t
& Ohio RR—
mtge gold 4s
59%
V4
V;;'
91
B
Baltimore
—
21%
101
91
/v
F-A :;'v
J-D
Atlantic & Danville Ry 1st 4s
1093/4
102%
107
25
M-N
1944)-
112%
109
*109%
—
deposit
Bush Term Bldgs 5s
17%
22
—1964
Oct 1952
coll gold 4s
N
&
Called
:
26
;;
15%
1963
July 1952
mortgage 3%s~
Atlantic Coast 1st cons 4s
General unified 4y2s A—;
1st
110
58%
Cart
—
1
27
V,
—_—-1953
———1953
Adams Express coll tr gold 4s
1948
Coll trust 4s of 1907—
1947
10-year deb 4'As stamped.—.—:.1946
Alabama' Great Southern 3'As—1967
Alabama Power 1st mtge 3'/2s_—1972
Albany Perfor Wrap Pap 6s
1948
6s with warrants assented
1948
Albany & Susquehanna RR 3'As_.:_19<*6
3'As registered———
1944
'Allegheny Corp 3'As sec conv
-1954
Alleghany & West 1st gtd 4s
1998
Allied Stores Corp 4%s debs—_—1951
Am & Foreign Pow deb 5s
2030
Amer I G Chem conv 5 'As———1949
American Telephone & Telegraph Co.—
3'As debentures
—1961
3'4s debentures.
—1966
3s conv debentures—i
_—1956
Amer Tobacco Co deb 3s
—-1962
Am Wat Wks & Elec 6s series A—1975
A Anglo-Chilean Nitrate deb
—.1967
Ann Arbor 1st gold 4s
—1995
Ark & Memphis Ry Bdge & Term 5s 1964
Armour & Co (Del) 4s B.
1955
1st sink fund 4s series C (Del)_1957
7s income debentures———.1978
Atchison Topeka & Santa Fe—
111% 111%
-
58 3A
Carriers & Gen
——
1031/4
A-O
68
and Industrial Companies
AStamped
F-A
to May
Collateral
tAbitibi Power & Paper—
§A5s series A plain
112%
6
J-D
tJACarolina Central 1st gtd 4s
Railroad
104%
108
103 y* 103%
Af-N
3%
J-D
f:
102 U
94%
Af-N
Bush Terminal 1st 4s
290"
16'A
28
37
modified
(interest at
1, 1947) due___„_1957
Stamped
40
56%
■
110
111%
^Burlington Cedar Rap & Nor—
§ Alst & coll 5s
—„1934
Af-N
1979
—1979
;
conversion
16%
-6
—
readjustment-
External
,
Af-N
—1960
1964
Sydney (City) a t 5%s
39%
*38
58%
108%
,
—
*111
—
63%
-
31
■j
""102% 102%
102%
94
41%
>
53%
Buffalo Rochester & Pgh Ry—
49%
1950
Paulo
52t%
C„_1967
Buffalo Niag Elec 3'/2s series
39%
1936
external
JASan
33
101% 102
Buffalo Gen Elec 4%S B
81%
10
90'/8
*43
833/4
59
*50%
*1005/a
%
23
108% 1083/4
108%
993/4
96%
58%
"
102
105
93%
92%
J-D
1st lien & ref 5s series B
A 8s
•
92%
58%
Af-N
92%
101
*96
—
High
A#„io
7
,—1950
1957
1981
gold 5s
January 1
,
*105
'
F-A
Af-N
F-A
Af-N
/__1947
6s series A
ref
lien &
1st
"
Range Since
Sold
AO.
iT00% 102
,
-
A-O
3-J
M-N
■
series RR
mtge 4y2s ser A
Debenture
.100%
M-N
JJ__________1961
1960
July 1970
tABoston & N Y Air L 1st 4s_1955
Bkiyn Edison cons M 3%s____;——,1966
Bklyn Union El 1st gold 5s
^_1950
Bklyn Union Gas 1st cons gold 5s_1945
44%
1968
—1966
Abs
1955
Bonds
Hign
Low
,
M-S
1
mtge 4s
AInc
(State of)—
Rio Grande do Sul
1967
Week's Range
or Friday's
Last
Sale Price Bid & Asked
/"Period
.
1st gold 4%s series
1st
103
30
35
40'..
393/4
•,
50%
35 !,
Bell Teletype—NY 1-310
Friday
.
Interest
*"■1
1st 5s A C——
1st M 5s series II
43%
100%
25
102% 103
//
,,
Exchange
Stock
'
/
Boston & Maine
44%
50
2
*50
Exchange
1
/
26%
36
••
Stock
New York 6
.'
BONDS
New York
;• •
34
2
43%
.V.'W-
':i4
York
New
Broadway
/
31
12
433/4
p
/
26
23%
J-J
A-O
Stock
Telephone—DIgby 4-4933
32
25
*30'
-
M-N
5% Preferred Stock
'
.
„
26%
28
12%
60.
*22%
.;
__
J-J
J-D
——.1953
6'AS—
sec
*31%
v
/'. 11%
;; 25
*10
■
v
61
*27%
J-J
(City of Greater)
Extl
A
-u
A-O
7'As—1952
Quetiiblana iState) extl 6s_
—1947
ARio de Janeiro (City of) 8s
1948
*
•■•*.—
A-O
1966
External loan 7%s
A
APrague
193/4
A-O
'
—1968
A4%s assented-
■
•
A-O
..1940
(Rep of) gold 6s
IA Poland
Members
41 %
20%
19%
A-O
Nat Loan extl s f 6s 2d ser
B Income 4%s, 2044
-
•
41 %
.y,-.-
3-D
_1961
Nat loan extl s f 6s
A
A Income 4%s, 2019
1994
PFLUGFELDER,; BAMPT0N & RUST
1
97
104 lA
*104%
'
1st ser__„1960
A
4s,
Common
-i''
u-s
'
*
94%
87*
95%
*92'/2
II
MS
1959
98
1st
*92%
Vr-;:/
MS
7s
98
96%
*81
—
_
M-N
external 7s
(Slate of)
APernainbuco
.'A
3-D
96
94
*87
M-N
Stamped assented 5s
_1963
mod 3(48 ext to
_1994
Ext sec ref 3'As series B—1967
Stamp
98
„
*96%
—
'
*
A
'
*97
99'%
98
100
*99
J-D
;
a.iooj
ber
oj>
■Jr-r
F-A
_1970
1953
f 5s
s
A-O
1963
4V4S
luna
aina
fund extl loan
sink
43
4%s_—.
of)
M-S
issued securities
when
-
(Kingdom
Norway
1956
<
Bangor
Con
4s
& Aroostook RR—
1951
1951
ref 4s
stamped
70%
J-J
J-J
V
70
70 3/4
77
57
82
81%
82 S/8
95
56%
:
;
76
'
Extension 1st 3'As—1951
Bell Telephone of Pa 5s series C—.I960
Beneficial Indus Loan 2V*a
1950
23/4S
debentures—
debs
mtge 3y»s series F_
mtge 3s series G
mtge 3V4S series H
Beth Steel 3'As conv
Consol
Consol
:
Consol
For
footnotes see
page
——1956
1952
1959
1960
-1965
748.
part
Railways
paid
J-J
82
J-J
84%
4
74
84%
4
73%
A General
90
83
84
89
983/4
10
128
101% 101%
12
100%
A-O
101 % 101%
10
A-O
103 ft
103 U
7
129'%
J-D
J-J
F-A
F-A
129
129%
1063/4 106 3A
103%
—1988
4s
ACertificates
F-A
of
deposit
J-J
—_—
102
'
1293/4
101%
100
Id3/#
103 5/a
106%
A-O
M-S
M-N
J-D
gold 4s
1934
JASecured 4'/2s series A
—1952
AConv gold 4'/a5
1960
Chicago St L & New Orleans 5s—_1951
2
105 y8
107
1013/4
104
104%
106%
103
103%
10
106
106%
7
i
Gold
3%s——
guaranteed 5s
ACertificates of deposit
.
71%
9864 >;/< 81
:;?B- -it
71%
70%
71%
43
42
43
48
48
48%
132
9
9%
79
*95
963A
•
3961%
352
Dec 1 1960
3068
9%
,
3-D
3-D
M-8
—
'
-
753/4
"
75
46%
51 y*
-><
8%
11%
'
90%
84
*83
J-D
———1951
Memphis Div 1st gold 4s
—1951
Chic T H & Southeastern 1st 5s—1960
Income
71%
—
I ARefunding
A-O
A-O
5s stpd
1927
Pacific Ry—1-
1st
tChicago Rock Island Si
.
Beech Creek
tSAChicago
25%
85
84
84
85
92 3/a
92 3/8
92'/a
73
75
*__
77%
100
85
9
64%
85
12
72%
92%
4
59%
78%
59
77
THE COMMERCIAL & FINANCIAL CHRONICLE
746'
Monday, August 21, 1944
NEW YORK BOND RECORD
RANGE FOR
WEEK ENDING
18
AUGUST
'
Week's Range
or Friday's
Bends
Sale Price Bid to Asked
Sold
January 1
No.
Low
Friday
BONDS
Last
Interest
New York Stock Exchange
Period
Low
Chicago Union Station—
1st mtge 3%s series E
—.1963
1st mtge 3/aS series F__—..——1963
Chic to West Indiana com 4s—„—1952
1st & ref 4 Vis series D
1962
J-J
5
102 Vi
7
104
109
101V2 1073/4
22
M-N
—1967
mtge 3 Vis
3Vis D.^.1971
E——-1969
1st mtge gtd 3%s series
Cleve Cin Chic & St Louis Ry—
;
General gold 4s
—
——1993
59 Vi
72
*68%
F-A
72%
109% IO93/4
109 Vi
J-D
108%
■
.
F-A
..♦Ul
112%
29
88%
1093/4110%
8
100%
99%
73%
90
57 Vi
81%
68%
16
53%
77
M-N
95
37
82
B gtd-——1973
1st s f 4Vis series C
——19.7
Coal River Ry 1st gtd 4s
—1945
Colo Fuel to Iron 5s inc mtge——1970
Colorado & Southern Ry.—
1980
(stamped modified)
May 195^
Debenture 5s
———1961
Columbus to H V 1st extl gold 4s—1948
Columbus to Sou Ohio El 3/48——1970
Columbus to Tol 1st extl 4s——1955
Columbia G to E deb 5s
ACommercial Mackay Corp—
Income deb w w————Apr 11969
Without warrants
——
Commonwealth Edison Co—
1st mtge 3Vis series I——1968
3Vis————-——1958
J-D
IO73/4 108%
108 Vi
106%
4
F-A
*108
F'A
*107
J-J
106 3/4 1063/4
106% 107
5
A-O
104
A-O
A-O
913/4
93 Vi
J-D
95
73
93%
59
95%
18
94%
95
F-A
108%
113%
*113%
152
144
*10*%;—..
J-D
106
J-J
113%
105
75
1543/4
111
114%
114%
111
103%
;
108
107%
J-J
*103% 104
10iy4
*__
;
——1955
A Debenture 4s———————1956
Consumers Power Co—
•
1st mtge 3 Vis
———1965
1st mtge 3Vis—
--——1967
1st mtge 3Vis———-1970
1st mtge 3Vis———
4s—
A Debenture
3 Vis———
—JS69
Crane Co 2 Vis s f debs———1950
Crucible Steel 3 Vis s f debs
—1955
1st mtge
|ACuba Northern Ry 1st
ADeposlt receipts
ACuba RR 1st 5s gold
5Vis——1942
a-o
103
J-D
104% 105
49
26
45%:
45%
59
J-J
48%
48%
4
—,——1952
receipts
—-extended to——1946
receipts—
-----A 6s series B extended to———1946
ADeposlt receipts
—-——ADeposlt
A7Vis series A
Co 3s
deb-—.—1955
j~'
109%
109% 109%
9
109%
112
108% 108%
1
107%
110% 110%
2
108%
109%
111
101% 101%
4
101%
5
95%
F-A
65%
J-J
F-A
1st
gold 3s_———1951
:
"
102%
102% 102%
38%
54%
73
3
53%
75
.4
41
68%
39
'
—
'
65
46
■*61%
"2
v
5
40
5
46
lOl'/s 101 %
100
52
'f
101%
D
fDenver & Rio Grande RR—
§ Alst consol 4s—
:——1936
{AConsol gold 4Vis————1936
J-J
*103%—
M-N
95%
A-O
J-J
Grande Western RR—
5S————1955
—-
—
series B——.—1978
ARef to impt 5s
Plaines Valley Ry—
Des
See Chic
96%
108
103%
'
53%
56
5
4%
--
54%
56
5
•
4%
45
1
"
55%
46
95
56%
V
F-a
F-A
:
■;
A-O
49
48%
4%
6%
40%
58
49
8
4
3
45
50
'
gold 4s 1993
ASecona gold 4s————
1995
Detroit Term & Tunnel 4Vis——-1961
Dow Chemical deb 2 Vis
1950
Dul Miss & Iron Range Ry 3Vis—1962
fS ADui Sou Shore & Atl gold, 5s—1937
Duquesne Light 1st M 3 Vis—
1965
Detroit & Mackinac 1st lien
—
A-O
109%
109% 109 %
M-S
109
108% 109
J-D
106%
JrD
/;
J-D
97%
98
J-D
72%
1963
J-D
68%
1950
J-J
8
98
78%
99
78%
—
82%
99
80
B
69
J-JJ
98
99
3
'
68
78%
52%
74
98%
104%
44
~
72%
noy8
111
106%
22
104%
106%
56%
21%
57%
22%
85
47%
75
16%
24%
51%
52%
12
43%
57%
51%
52%
42
43%
66%
68%
192
.56
68%
103% 103%
16
103
105 Va
6
105
108%
*111
A-O
106
J-J
106
:
567/8
21%
A-O
J-J
i...1956
57%
200
68%
*64
Jf-S
1956
72%
66
104% 104%
J-J
♦
52%
61%
57%
"
A-O
68
J-J
Af-S
.—1972
103%
108
108
Af-N
108
97%
102
100%
2
101% 101%
104
1947
F-A
1952
J-J
91%
90
91%
£i
74%
95%
1955
F-A
93%
92
93%
206
77%
96%
—1951
Af-S
4%
4%
11
78%
79%
23
58%
83%
34
95%
103%
98%
100%
*101%
3
';
J-D
79%
J-J
102%
§ARefunding gtd 4s
1936
ACertificates of deposit
Kansas City Southern Ry 1st 3s___1950
Ref & impt 5s
Apr 1950
Kansas City Term 1st 4s__:
1960
Kentucky Central gold 4s___
1987
Kentucky & Ind Term 4%s
1961
Stamped
'
;
1901
a-o
102% 103
*100%
__
83%
83%
6
84
:'
5%
84%
72%
37
;
•
84
J-J
84%
84
J-J
*118%
J-J
*60
J-J
1961
4%s unguaranteed
.1961
Kings County. El L & P 6s__
1997
Kihgs Co Lighting 1st 5s—L—
1954
1st to ret ,6%s_>
1.
j,t
1954
Koppers Co 1st mtge 3Vas
.—>1961
Kresge Foundation 3% notes
1950
JAKreuger to Toll 5s ctfs—
1959
.
—
J-J
*98%
*94%
*168
J-J
*108%
J-J
*109Va
104
104
af-S
4%
119
"I
4%
91%
98
__
69
100%
98
__
90%
94%
__
-172%
175%
107%
108%
__
109
—
110%
1
106%
108
104/4
19
102%
105/a
4%
5
3%
5%
107% 107%
MS
89%
109%
114%
51%
100
A-o
Af-S
72%
105%
70
100
—
J-J
86%
13
__
__
,
86
69%
44
85
105% 105%
J-J
ir
88
71%
a-o
...
——i
50%
111%
"V
104%
106"%
Laclede Gas
41
102%
A-O
46
J-J
28
107
7
98%
102% 102%
106% 107
106%
J-J
2
107
M-S
29
45
107%
102
2
106%
12
46
24%
42
107% 107%
107
21
to
ref
34
Coll
to
ref 5%s
107%
103
108%
46/8
111
148 Va
102%
102% 102%
8
101 Va
103/4
m- a
106%
106% 106%
6
106
5s——-——1965
A-O
——1965
El Paso & S W 1st
*148
"
——
A-O
stamped
Empire Gas & Fuel 3
Vis—..———-1962
97%
97
97 y*
2
82%
97
J-J
97
3
80
114
1997
mtge income reg
1975
Lehigh Coal & NaV s f 4V2S A
1954
Cons sink fund 4%s series C_-__1954
102% 103%
100%
99%
40
—1995
AGen mtge inc 4Vis series A—2015
N Y to Erie RR extl 1st 4s
1947
Ohio Div 1st mtge 3 Vis
——1971
J-J
106%
106% 106%
101%
39
106%
Alst
Lehigh & New Eng RR 4s A
Lehigh & N Y 1st gtd gold 4s—
Lehigh Valley Coal Co—
J-J
82%
M-N
82'/a
83%
64/2
151
*105%
5s
5s
84%
5s
M-N
Flintkote Co 3s debs
1958
1943
J-j
1959
J-D
99%
M-S
53
JFlorida East Coast 1st
4Vis_—
Alst & ref 5s series A
ACertificates
of
—1974
deposit——
M-N
*103%
133
-——>1964.
registered——
stamped
—
—
*
■.
■
J-D
M-N
133
"5
117
102
■
99%
15
98%
56/a
543
42%
44%
,
51
"
;
15
42
56%
103%
97%
101%
t A Georgia & Ala Ry 5s
__OctT 1945
fSAGa Caro & Nor 1st ext 6s—
1934
Goodrich (B F) 1st 4Vis—
1956
Grays Point Term 1st gtd 5s
Northern 4 Vis
series A
General 5 Vis series B
General 5s series C
General 4Vis series D
.1947
For footnotes
'
'
see
page
70%
J-J
1973
J-J
27
68%.
71
58
53
101% 105
22%
48
■
32
71
104%
100%
103%
99%
86
95
.
"~2,
/
86
84%
84%
95
71
1
80
65
"l
81%
64%
70
84%
80%
65%
*79%
81%
64%
62
64%
29
56
69%
71
69%
71%
37
64%
80%
146
■
Af-N
33
36%
31 Vs
34
35
19
34
43%
41%
40
4IV2
72
37
48 %
35 %
46%
*37%
39%
Af-N
47%
46%
47%
12
42%
69
68/2
69
12
64%
Lex & Eastern
>.1965
A-O
2-
1944
A-O
gtd.
Liggett to Myers Tobacco 7s
»1951
44%
37%
35
2003
lst 50-yr 5s
104
95
1
99%
A-O
57
78
127%
100%
104 h
120%
120
122%
106
__
123%
104
*126
100% 100%
F-A
*119
1962
M-N
A-O
~1
*108
Long Dock Co 3%s ext to—1950
Long Island Unified 4s
,_1949
Guaranteed
4s
ref
.
Af-S
105%
106%
106% 106%
16
104
106%
1949
;
Af-S
Af-S
106%
106% 106%
48
104
106 Vi
.
1951
1963
A-O
.1969
J-J
106%
F-A
;
(P) Co deb 5s.
-
Lou to Jeff Bridge Co gtd 4s
:
Louisville
118%
*118% 120
104
102 Vi
104%
102% 103
1966
M-S
106% 106%
1945
Af-S
101
29
103
7
i
1st &
104%
107%
1st
101%
1st to
&
& "Nashville RR—
ref 5s
series B
ref 4%s
106
103%
.-1949
gold 4s
Stamped
101%
'
A-O
2003
series Ci
106% 107
A-O
2003
101
1
8
120%
102
104 Va
93%
105
J.01' j
103
110
102%
106% 108
107%
104
*106%- 106%
■
*102%
—-
J-J
—1967
748.
J-J
J-D
J-D
30%
105% 106
;
7
29%
J-J
1961
1970
series 1
104% 104%
104%
Af-N
,_2003
Louisville Gas & Elec 3%s
——
J-J
—1952
General 4 Vis series E_.
1977
General mtge 4s series G——1946
Gen mtge 4s series H
-1948
Gen mtge 3%s
"•
F-A
J-J
2003
registered
3s debentures
J-D
99%
67
97%
"
Louisiana & Ark 1st: 5s series A
Berg Co cons 5s—_1949
Castings 5Vis
.1949
100%
97
Lehigh Valley Terminal Ry ext 5s_1951
Lorillard
Gas to Elec of
6
81%
2003
Little Miami gen 4s series A__
59%
49
6
12
*83%
F-A
.>2003
...
modified——i
5«' debenture—i—;
100
103
11
103%
101% 102%
133
'
98%
*103
-
103%
51%
49
*94
■
1974
1
stamped
Lehigh Valley RR—
4s stamped modified
4s
44%
-
Food Machinery Corp 3s debs..,
1956
Francisco Sugar coll trust 6s——1950
„
100
*102
F-A
1950
4%s
104%
89 Va
94
1964
Leh Val Harbor Term gtd 5s
106 Va
102
104%
103% 104/a
/
F-A
1974
—1954
105%
26
103% 104
fAFlorida Cent & Peninsular 5s
A-O
US
1954
stamped
4 %s
—1961
93%
*
5s stamped modified
Firestone Tire to Rub 3s deb
100%
7
*99% 102
51%
103%
1965
stamped-—
1st to ref sink fund 5s
102
—
98%
104% 104%
>L_
J-J
-1945
1st & ref sink fund 5s_——
106
*106
•—.
93%
4
104% 104%
J-J
—1954
.
US
100%
16
99%
Dee
99
::
99%
>99% 100
Lautaro Nitrate Co Ltd—
97%
103%
100
J-D
—
Lehigh Valley N Y 4%s ext
102%
*99% 100%
F-A
J-D
1st & ref sink fund 5s
Railroad Co—
1st cons M 4s series B__
1960.
3,%s
F-A
>1997
106%
-p.—
'
107%
A-O
1953
—
series D
Lake Sh & Mich Sou gold
150 Va
J-D
J-J
110
"
>1945
5%s series C
3%s registered
East Ry 3 Vis——1970
Elgin Joliet &
—
'
1
Light extd 5s
Coll
*113%
105%
'
/A
54
*105% 106
Great
78%
67%
10
K
108%
;
M-N
Steel
80
a-o
6
;
29
M-N
111%
A-O
Gen
59%
*95%
Kanawha to Mich 1st gtd gold 4s—1990.
IKansas City- Fort Scott & Mem Ry-^-
27
106 Va 106 %
*49%
109
14
Nor Dlv 1st 4s—,—1948
East Tenn Va & Ga Div 1st 5s
1956
Ed El 111 (NY) 1st cons gold 581995
Elec Auto-Lite 2 Vis debs—
1950
East Ry Minn
Erie
72
15
& N'western Ry.
Edison 4s series F———1965
Gen & ref mtge 3 Vis series G—1966
Gen & ref 3s series H
—1970
Detroit
5s
'I
73%
65
F-A
.
79%
99%
105% 106%
48
43
96%
54%
J-J
91
89%
73
J-J
James Frank!: to Clear 1st 4s
,_1959
Jones to Laughlin Steel 3 Vis———1961'
Plain
.
^Denver & Rio
AGeneral s f
A Assented
8
..
106% 106'%
106%
105%
103%
106% 106%
106%
J-D
95
92%
89%
J-J
-
Dayton P to L 1st mtge 3s—
")70
Dayton Union Ry 3 Vis series B—1965
Delaware to Hudson 4s extended—-1963
Delaware Power to Light 3s——1973
71%
101
79%
J-J
/Vv/:v,
■
•
46
a-o
97
1
53
57%
*61
-46
J-D
48%
195
65%
101
58%
61%
52%
57%
57%
J-D
series
*92%
,
1963
.
-
tAlowa Cent Ry 1st & ref 4s
62
15
73
J-J
...
46
45
*50
'
5s
101
'
Int Telep & Teleg deb gold 4%s
Debentures 5s
44%
'
1st & ref 4%s series C
Ind 111 to Iowa ,1st. gold 4s
63%
J-D
103%
1
107
'
J-D
79
103 Va
*105%
J-D
58
4
J-J
Int Rys Cent Amer 1st 5s B
1st lien & ref 6%s
111
M-N
ADeposlt
Curtis Publishing
58
109 %
107
'•4-—
V
90
.
106
Af-N
———.——
75
83
Internat Hydro El. deb 6s
-—1944
Internat Paper 5s series A to B—1947
Ref .sink fund 6s series A—1955
59 y4
2
Vv
78
67 ¥4
Alst gpld 3s series C
49
a-o
.73%
60%
1051%
48
;
76%
78
J-J
28
103%
49
M-N
84%
47
20
48%
M-N
91
60%
83
Alst
v
49
109%
84%
79%
81%
108
105 J/s
J-J
M-N
70
62%
75
82%
109%
46%
97
41
+
77%-
M-N
105%
J-J
48%
97%
64
77%
102%
.
102
76
102%
.
97%
66%
77%
29
103%
100
*70
79
M-N
1952
101% 103%
47
M-N
29
105% 106%
72%
34%
>.1953
'60
103% 103%
103%
a-o
117%
55%
27
*99%
A-O
t Alnd to Louisville 1st gtd 4s
1956
Indianapolis. Union Ry 3%s sen B_1986
Inland Steel 1st mtge 3s series F—1961
JATnter-Grekt Nor 1st 6s series A.1952
AAdJustment 6s, series A
July 1952
.
J-J
29
70%
116
76
132
102% 102%
Jf-S
——j-1955
111 Cent and Chic St L to N o—
Joint 1st ref 5s series A
113Va
f-a
f 3%s A—-—-1961
Cigar 3 Vis s. f.
162
109 y4
115
94
105%
56
266
*100%
*99%
A-O
St. Louis Div & Term gold 3«—1951
Gold 3%s_—
1951
Springfield Div 1st gold 3%s1951
Western Lines 1st gold 4s
—1951
113%
105%
debs-1953
Consolidated Edison of New York—
3 Vis debentures———1948
3 Vis debentures—
,———1956
3Vis debentures—
—1958
Consolidated Oil conv deb 3 Vis—1951
fAConsol Ry non-conv deb 4s——1954
Consolidated
<
4
4%8—195}
h 1st to ref
Conn River Power s
110
70
106
113% 113"%
*113
138
85%
103
62%
27%
29
J-J
—....
:
J-J
Conn Ry to
130%
31
93
61
62%
J-J
__
May
111%
Omaha Dly
106%
2
98
110
—
Refunding 5s—————.
1955
40-year 4%s_
i960
Cairo Bridge gold 4s
——1950
Litchfield Div 1st gold 3s—
,.1951
643/4
106%
103%
110
17
ipouisville Div & Term gold 3Vis-1953
52
103
110
68
68%
100%
88%
__
67% ' 70%
J-J
——
1083/4 109
M-S
1981
Purchased" lines 3%s_
Collateral trust gold 4s—
11
A-O
66
8
■
*116% 117%
F-A
—1951
—.—i
Refunding .48——
96
24
59
;
*104% 105%
70%
A-O
1st gold 3%s—
-a—1951
Extended 1st gold 3%s
1951
Jst gold 3s sterling—
i-——1951
Collateral trust gold 4s—-.1952
102
83
28
58%
105
84
92%
M-N
:_Feb 1957
-
1043/4 1053%
583/4
J-J
1962
1st gold 5s_.»—1949
1st gold 4s
104% 105
M-N
M-N
83%
*137% 140
93
Af-N
Illinois Central RR—
107
102
*1013/4
A-O
f. 5s series A
Illinois BeH Telep 2%s series A
*;
106
92% 105
84
101%
75%
98%
20
104%
98'A 100
993/4
107
106% 107
1
A-O
89%
High
95%
108%
106
--
10
*110%
M-N
Hudson to Manhattan 1st 5s A——1957
107% 107%
—
12%
*97%
—
Af-N
J-D
s
AAdJ income 5s
107
J-J
M-N
r
:
J-J
j-j
Hudson Co Gas
110%
72%
1st s f 5s series
83%
Hudson Coal 1st
100%
100
100 %
67
--1948
gtd——————1950
General 4 Vis series A
——1977
Gen to ref 4Vis series B
—1981
Cleve Short Line 1st gtd 4Vis—1961
Cleve Union Term gtd 5 Vis——1972
J-J
~5
99% 100
"99%
—_
J-D
Low
13
H
112%
67 Vi
3 Vis
J-J
Hocking Valley Ry 1st 4%s.L_.
—.1999
JSAHousatonic Ry. cons gold 5s
1937
Houston Oil 4%s debs_
.1954
;
72%
-1970
1975
111%
111
111
*106% 106%
January 1
65
13
(
109%
110
1063%
1
110% 110%
a;-n
Range Since
Sold
No.
Nigh
:
J-J
.1990
Cleveiand Elec Ilium 3s
debs
82%
J-J
Cleveland to Pittsburgh RR—
Series C 3Vis gtd———
Conv
82
63
—1993
1977
E
Cln Wab to M DiV 1st 4s_—
St L Dlv 1st coll tr gold 4s.
Ref to impt 4 Vis series
4Vis
55
26
.—1991
General 5s series B
Series D
6
75
Feb
mtge inc 5s series A——
2015
Gulf to Ship Island RR—
1st to ref Term M 5s stpd
—1952
Gulf States Utll 3 Via series D
.>1869
1043/4 108
75
Bonds
Friday's
*68
1.
-
Feb
AGen
.
74
75
or
,
Gulf Mobile & Ohio 4s series B.;
|
74
A-O
Week's Range
Last
Sale Price Bid to Asked
Low
AGreen Bay to West deb ctfs A
A Debentures ctfs B-
108
108% 108%
M-S
Period
,
110%
105% 106
J A Choctaw Ok A Gull cons
Cincinnati Gas to Elec 3Vis——1966
1st
1083/4
>17
Friday
Interest
New York Stock Exchange
^
High
J-J
A-O
Cln Union Term 1st gtd
Range Since
J-J
SSAChllds Co deb 5s——
j A Debenture 5s
—
—1943
1957
5s_.—. 1952
Utah
108% 109 Vi
108 Vi
BONDS
r
__
ref 4s series D_
u__—..2003
f
A-O
105%
105% 105 %
~3
99% 106%
106
-
123%
J-J
106
1
105%
111%
1st & ref 3%s series E
A-O
105%
105% 105%
38
94%
105%
119
119%
25
111%
119%
Unif mtge 3%s series A ext—
1950
J-J
103%
103% 103%
31
102%
122% 123%
20
105%
124%
J-J
106% 106%
2
106 Va
104%
107%
100
Unif mtge 4s series B ext:
Paducah to .Mem Div 4s
1960
117
—
103% 103 %
10
'
118
._2003
;
117%
18
JV
110%
110% 110%
19
98 %
110%
J-J
105
104% 105%
167
102%
106%
J-J
St'Louis Div 2d gold 3s__i—;
Mob to Montg 1st gold 4%s_—
102
102
102%
50
101%
103%
J-J
South Ry Joint motton 4s_—
105%
104% 105%
128
105%
Atl
91
Knox to
Cine
Div
F-A
.—1946
103%
Af-S
100
1945
M-S
1952
J-J
_iQFi5
•'
Jf-N
106
100
104% 106%
*113
103
1
104%
32
94%
100
103%
*103%
1980
104
101%
106%
112
113
.
NEW YORK BOND
RANGE
Last
Interest
Exchange
Stock
Loto
1937
1937
1940
..1943
1967
HAN Y Susq & W 1st ref 5s
§A2d
4Vis series A
Sugar 4s sink fund
Gen mtge
Manatl
1945
3-D
98%
M-N
98%
2
903/4
65%
5
52
71%
68%
83
*58%
Shovel
Sieam
Marion
f
s
M-N
1959
1947
6s
*102
Q-A
1945
1955
1960
Metrop Wat Sew & Drain 5VaS
1950
J § AMet West Side El (Chic)
4s„1938
(Stamped modi
5s
ext
101
102%
96%
100%
...1998
AGen mtge 5s conv inc__
2014
H A Norfolk Southern RR 5s A
.1961
Norfolk & Western Ry 1st gold 4s_1996
North Central gen & ref 5s.,
...1974
1st
M-S
105
A-O
24
Vi
109 Vi 109
*153/4
111%
92
20
100%
16
6
1 GO 14 100%
100%
F-A
106
109%
*105% 106
109%
193/8
1st
1951
*99
M-N
_1952
1979
gold 3%s_
& impt 4y2s series C..,
Ref
M-S
:;
108
A-O
...
J-D
86%
863/4
106%
ref
&
A Ref
&
50-yr 5s series A
tMins St Paul & Sault Ste Marie
10
29
88
75%
5%
3%
5%
46%
34
29%
50
10
30%
29%
46 3/4
*6%
6%
J-J
813/4
813/4
J-J
56%
J-J
72
71%
72%
59%
60%
>
64
65%
74
V
A-O:
50
48
663/4
66%
67
27%
27
28
-M-S
65%
66%
65%
65%
66%
gold 4s.
.1991
m-s
Monongahela Ry 3%s series B._
Monongahela W Penn Pub Serv—
1st mtge 4Vis—
.1966
f-a
Alst
&
Alst
&
Moh'k & Malone 1st gtd
:
Morrell
Morris
11
11%
66%
65%
66%
66%
65%
66%
1965
;•?.
109 %
107%
> >>
;
73%
|
lsu
f
:■,■■■' !
114/4
109
963/4
i.
f
I
15
48%
63/8
15
47/4
69% -i
m-n
57%
573/8
58%
76
43%
65
"I
109
112%
j
110
112
110%
*—
111
*110
—
1st
f
M s
M-3
103
A-O
1043%'
m-n.
Newark Consol Gas
1948
JANew
1945
:
j-d
cons 5s
England RR gtd 5s
1945
1952
AConsol gtd 4s
England Tel & Tel 5s A
New
1961
1986
_1983
N O & N E 1st ref & imp 4%s__
1952
New Orleans Term 1st gtd 4s_
.1953
tNew Orleans Texas & Mexico Ry—
§ANon-cum Inc 5s series A
1935
gtd 4lis series B
Junction RR gtd 1st 4s
Great Nor 5s A
1st
N J
New Orleans
i.
series
5s
ACertilicates
107%
rV' 28
,102%
1033 B
5
103%
105%
*104
'
—
■
993/4
92%
92%
91
91
91%
6
117% 117%
1
124% 124%
5
•
>.
m-n
f-a
'.Vv
103% 104
18
96
104
1/
9
70
70
,
J
ACertificates
N
Bridge Co—
<■
7
78
1945
1998
2013
2013
1952
1997
1997
1998
1998
1998
1998
Central RR 4s series A
Y
Ref
Kef
impt 4Vis series
&
imot
&
Conv
A
5s series C
secured 314s
Hud River 3 Vis
registered
gold 3Vis
3 lis registered,
Mich Cent coll gold 3Vis
3Vis registered
New York Chicago & St Louis—
N
Y Cent &
3 lis
Lake Shore coll
74
85%
Ref
5 Vis
Ref
4 Vis
series
1974
1978
series A
1st
C
N
N Y Edison
1st
N
N
74%
141
59
69%
252
56%
A-O
753/8
74%
75%
209
63
57
87
99%
99% 100
J-J
93
93
96%
57
83%
783/4
913/4
42
79%
80
76
69/8
74
74
12
65
78%
72
73
18
62 3/s
79%
66 %
71
63
733/4
18
98%
J-D
102
A-O
98 3/s
102
99
150
102
25
9
108% 108 34
93
96%
A-O
108%
A-O
2043
2043
Mtge 4s series A
Mtge 4s series B
N Y Lack & West 4s series A
1973
1973
4Vis series B
ANon-conv
& Hartford RR—
deb 4s—.
1947
deb 3lis
1947
ANon-conv
deb
ANon-conv
deb
JN Y New Haven
ANon-conv
...1954
3lis
4s
F-A
1
108%
10
77
*85%
M-S
48
M-S
A-O
'23
1
77
19
45%
59%
46%
74
footnotes
see
page
748.
1st
46%
45%
59%
'
J-J
54 (
53
55
'
207
50%
88
87
88%
37
82
24
23%
24%
68
16%
313/4
53%
52%
53%
120
48%
63%
\
94
M-N
M-N
107%
107% 107%
109%
111%
110
111%
10
*110
4
102%
107/4
93/4
18%
1962
deposit
of
J
1945
1949
1953
1957
1960
1963
4%s
—1902
1974
series B_„—
series C
Co
5%
F-A
'
/
16%
51
43/4
4%
51
4
53/4
108%
69%
110
111%
105/2
108
J-J
J-J
67%
*106/8 108
106,
106
106%
111
1977
106
103
105%
El Pwr
1st M 3%s
Securities 4s
fAProvidence Terminal 4$
Public Service El & Gas 3%s
t A Providence
—.1957
1956
3s
5s
&
ref mtge
1st
&
116%
101
101%
108
109%
105
106
109%
109%
ref mtge 8s
Public Service of Nor 111
3%s
1968
1972
2037
2037
1968
..
109% 110
F-A
109%
,
105%
109%
109
106
109
108%
9
108%
110%
108
106%
109%
,
108
108% 109
M-N
26
106% 107
107
43
124% 125
F-A
J-D
98%
107/2
124
121
125
116% 117%
45
109
117%
123% 124%
"116%
J-D
109%
109%
108
*108%
M-N,
A-O
53
115 %
124%
81
104
97
104%
A-O
103%
103
A-O
115%
115% 116%
33
106
115%
115% 116%
47
105%: 116%
103%
103
103%
65
116%
104%
110%
*111%
99%
112%
A-O
74%
74%
76%
21
55%
Apr
45
45
45%
43
23%
53
105%
107
*106
F-A
107
102%
101
j-j
102%
j-J
95%
95%
95%
94
95%
102
96
M-3
j-D
t
103%
24
100
18
103% 104%
J-J
108%
M-8
107%
107
102%
102% 102%
j-j
/ 66%
M-3
28
102%
87%
96
82
103%
97
107
131
132
125%
105%
109%
2
107
111%
1
1013/4 104
16
108 % 108%
j-d
95%
81
121
131% 131%
*125%
107%
,
38%
M-3
,
j-j
15%
66%
133
27%
105%
65%
28%
206
17%
104% 104%
M-N
3
104%
1053%
1
104%
106%
105% 105%
15%
16%
23
72%
31
7%
F~A
101%
19 s/8
6%
101% 101%
13
*104
M-N
F-A
17%
101%
103%
18%
100%
104
104
*13
104%
3-D
*112
112%
112%
M-N
*112%
112
113%
F-A
*113%
1133/8
115
F-A
*122
M-N
*123%
j-d
124
124
122 %
123%
123
124
125% 126%
A-O
123%
2
1163/4
124
2
116
126%
j-j
107%
107% 107%
4
106%
107%
M-3
103%
103% 103%
5
102
105
3
102%
105 3/a
105
104
104
104
j-d
104
78
A-O
A-O
77%
1013/4
78%
23
59%
77
j-d
1
77%
j-d
77%
7
58%
76%
77%
11
3-D
*107
F-A
58
83%
83
83
107%
*122
107%
121%
107%
121%
j-d
j-d
j-j
94
j-j
1951
100
1C9% 109%
M-S
1977
1st mortgage 3%s
i Pressed Steel Car deb 5s
85%
113%
*100% 103%
j-d
1950
1960
1st 4 Vis
14
__
105%
j-j
j-j
105%
104%
101%
105%
1083/4
109%
113%
113%
100%
103
*113%
102%
-
M-N
101% 102%
99
22
22%
11
10
j-j
17
98%
*101%
M-a
94%
99%
5
*109%
F-A
86
82
104
104
2
94
94,
105% 105%
30%
100%
110
106%
*110%
107%
110%
107%
M-N
*107
j-j
*148%
147%
j-d
*222%
224
224%
105%
111%
A-O
105%
105% 106%
-
109 %
106%
106
5
99%
*113%
:
5
52
67
110
147%
!
15%
J-D
M-N
106
108
110
99%
99%
M-S
1964
1980
inc deb—
1st
J
1964
cons
1st & ref mtge
M-S
A-O
104%
1
104% 105
105
104%
110%
*106
M-N
9
22
106%
108% 108%
108%
F-A <,
1937
4/as series D
Potomac
f
64
A-O
3-D
110%
6
3-J
1963
1st s f 4s
1st 5s extended to
61
40
cons
1974
1956
1956
1980
1952
1949
Portland Gen filec
61
1948
1957
Alst & ref 4Vis series of 1927—1967
JAHarlem River & Port Chester—
1st 4s
1954
tAN Y Ont & West ref gold 4s
1992
AGeneral 4s
1955
N Y & Putnam 1st cons gtd 4s—-.1993
N Y Queens El Lt & Pow 3lis
—1965
N Y Rys prior lien 6s stamp
1958
N Y Steam Corp 1st 3Vis
1963
107%
110%
*106% 108
4%s series C
Pittston
60
1940
——
trust 6s
4s
12
110
j-j
;—1973
4s
1st gen 5s
1st gen 5s
60%
453/8
54
49
For
46
50 Vi
50%
6s
1st
Pitts
89%
47%
48
deb
1st
83%
48%
48%
ADebenture
Pitts
110%
/.
48 3/s
49
5 A Collateral
71
48
50%
AConv
1st
103
101%
50%
J-J
4s
Pitts
105%
48%
M-N
deb
Pitts
111
47%
•
——1956
.'r ADebenture certificates 3!is
1956
ANon-conv
109%
2
12
49
99%
98
100
107% 107%
110
F-A
1977
Coke & Iron conv 4%s A
1952
Steel 1st mtge 4%s
1950
mtge 4%s series B
1950
& W Va 1st 4%s series A
1958
mtge 4%s series B
1959
mtge 4%s series C_.
1960
Young & Ash 1st 4s ser h—1948
Gen
1153%
77
86%
J-J
,
114
104
3
102
M-N
Gen
110%
J-J
M-N
*99
107%
*109%
guaranteed 4%s„ 1964
mtge 5s series A
1970
mtge 5s series B
1975
Series
108 3/4
33
1955
.
'
105
108% 108%
110% 110%
110%
j-d
j-j
Coal—
guaranteed
gold
F 43 guaranteed gold
G 4s guaranteed
H cons guaranteed 4s
D
Series I
109%
*10534
J-J
Series
1023/4
1063/4
110 % 110%
M-N
8eri>s
Series
96%
114
2%s
debentures
Gen
101%
'78%
114
108 %
106%
j-d
1977
1961
1967
1971
gold 4%s series
3eries E 3%s gtd
99
57
& Erie—See
114
j-d
1974
B
series
5s
ref mtge
&
Series
106%
953/4
87
108% 108%
93
F-A
series B
4s
Phillips Petroleum 2%s debs
Pittsburgh Cine Chi & St Louis—
84
74
A-O
106%
*104
Apr 1990.
4s
Pekin Union Ry 5%s
ACertificates
913/4
913/e
79%
M-S
108%
34
...
106% 107%
j-d
1970
2981
Marquette'1st series A 5s
2s
96%
105% 106/4
105%
106%
5
104
104
"l
104
*106%
106%
110%
103%
106% 106%
106%
M-S
HAPhilippine Ry
100
M-N
A-O
104
M-N
Majfrl 1948
'. Philip Morris Ltd deb 3s
74%
813/4
'
111%
104%
j-j
1948
gold 4%s_^.
^Philadelphia & Reading
Aref 5s stamped
78%
68 3/8
1948
1949
2000
314s series D
314s series E
lien & ref
Erie RR
Y Gas El Lt H & Pow gold 5s
Purchase money gold 4s
Y & Harlem gold 3 Vis
N Y
73
68 Vi
F-A
108%
2
1969
1974
3%s
AConv deb 6s
73%
F-A
1
108% 108%
*103% 104
1968
..
..
F- A
F-A
110% 110%
1947
1960
1st
'
1
A-O
1947
1965
1951
1965
1966
3Vis extended to
mtge
Connecting RR 3 lis A
Y Dock 1st gold 4s
N Y
15
*100
J-J
108
1981
D
C
Philadelphia Co coll tr 4%s
Phila Electric 1st & ref 3%s
78
82
106%
106%
A-O
General
87
82%
104
1952
General
80
73%
82
3
5
196G
gold 4%s series C
Phelps Dodge conv 3%s deb_;
Phila Bait & Wash 1st gold 4s—
-81
75%
82
21%
15%
27
20%
1952
1st
82%
72
69
82%
F-A
112%
;
110%
104%
.1984
1st
82%
68%
J-J
101%
110%
20
mtge 4/4S series E
deb 3%s
Pere
70/a
71%
81
a
A-O.
100%
2
111
106% 106%
J-J
A Income
84%
72
78%
80 /I"
77%
•'
deposit—
of
108
3
j-d
1955
Peoria
75
62
61
82
1954
5lis series A
Alst
5
101% 101%
111
j-j
33,4s series C—.ru—1970
Cons sinking fund 4%s
1960
General 4%s series A
1965
General 5s series B
1968
Peoria &
71%
75
deposits
Newport & Cincinnati
General gtd 4Vis
108% 108%
104
Peoples Gas L & C ref 5s
& Eastern 4s ext
102%
ACertificates
-
88
82%
j-j
5s_1949
debentures
Gen
103
93%
78
f-A
67%
.
11955 ;
1960.
General 4%s series D
88
94%
ser
Power & Light
Conv
84%
■'•f''-
'
126
3
*
f-A
122%
33/4S
ref
&
Debenture
933%
117%
~1
101
A-O
95%
84%
101
1021/a 102%
j-j
103%
'
1143/4
•
*86
j-j
j-j
88
83%
24
83%
j-j
Gen -mtge
116
84
13
92%
j-d
98%
67%
.
84
8
A-O
gold 3s loan ctfs
Pennsylvania RR—
Ccnsol gold 4s
4s sterl stpd: dollar
104
113%
'/•:
—
*113% 114%
A-O
1950
103%
;
62
.
103 uxl03
104% 105%
deposit
series D
of deposit
4lis
Alst
•
—
61%
80%
83/2
105% 106
ref 4%s series B
&
4%s
107%
J-J
1956
of
C
of
ACertilicates
Alst
/;
105%
3-J
1954
series B
5s
Alst
deposit
of
ACertilicates
tA
9
104% 1055/8
105%
1
1954
XANaugatuck RR 1st gold 4s
1st
Penna
93
82
"
21
107 3/8 1075/a
M-3
32
198
83
110% 110%
Pennsylvania Glass Sand 3%s
925/a
913/4
92%
3-D
78
96%
83%
106
Gtd 4s series E trust,ctfs
1st
F-A
76%
95%
j-d
Pennsylvania Co—
Guaranteed 3%s trust ctfs D_„1944
N
1978
1960
.1949
1949
1965
62
62
77%
—1966
Paterson & Passaic G & E cons
*
L 4s series A
Nat Dairy Prod 3 Vis debs
Nat Distillers Prod 3 '/2s
3Vis sinking fund debentures
National Steel 1st mtge 3s
66
96%
M-N
Pennsylvania Ohio & Detroit RR—
Nash Chatt & St
51
Paramount Broadway Corp—
49
-'
62
1966
1013/4
64 %
101% 101%
—»■'
5
\
70%
j-d
series C
943/i
57%
M-n
mtge 3%s
.J—
96%
63 %
j-d
53
j-d
Panhandle East P L 3s B
56 ye
.1947
98%
243
j-d
Paducah & 111 1st s f gold 4%s
111
Ref
64
.1968
103%
88%
151
66%
65%
—1966
..1970
—1971 /
3%s series I
1st & ref M 3s series K
56"%
3 Vis
Fuel Gas 1st gtd 5s
92%
102% 103%
99
*98%
65%
j-d
1948
1st & ref mtge 3s series J__
3-D
M 4Vis series B—
gold 5s
1st
Co
1st & ref mtge
m-n
:
*120
102%
j-j
mtge 33/4s series H——1961
& ref
Pacific Tel & Tel 3%s series B
111%
105%
4
Coast
Pacific Gas & El 4s series G—1964
.1955
■' '
129
121%
M-S
mtge 4s.
Pacific
]
106%
108%
11
^
.2000
\
'
133
125
116
'1
J
60
10
: >
* V
'
107/2 108
*94%
m-n
129
131% 131%
/>
100 Vs
.1958
series A__
Mountain States T & T
Mutual
109% 110.
JW
.1951
.1955
Constr
<
723/4
104%
•
112% 112% ■
•;
56%
;
16
•
*106%
j-d
5s
137
/ 693/4
69
v
69
A-O
1st & ref 3%s—. .1966
Tramways
M 5s
Constr
11%
A-O5
F-A
A-O
ext
(John) & Co 3s debs
& Essex 1st gtd 3Vis
Montreal
M-N
.I960
debentures
6s
Montana Power
t
573/8
;
'" 563/4
72%
277 1'
22%
30
419 .'■> 565i
73
80
v56% -723/4
111r v
9l/«
133/4
117 >. 56% .- "723/4
/
66%
M-N
AConv
36
4
64% A
A.
M-S
ref 5s series G
69 %
1st
•
78'
1978
gold 5Vis
—1949
ref gold 5s series H——1980
ref 5s series L.
;—1981
&
'
42
50
F-A'
.
75
57
38
% 30
?■
48
M-N
—1965
.1967
1st mtge 33/4S
.1972
Oklahoma Gas & Elec 33/4s—
1966
Ontario Transmission 1st 5s_—_ 1945
Oregon RR & Nav con gold 4s—1946
Ore Short Lina 1st cons gold -5s
1946
Guaranteed stpd cons 5s
1946
Oregon-Wash RR & Nav 4s__
1961
71%
64%
533/4
109
69%
59%
89%
47%
J-J
l&t mtge 4s
Ohio Edison
__
69%
65%
105
100
*101%
J-J
43
*129
F-A
tOgdensburg & Lake Champlain Ry—
§ Alst guaranteed 4s_—
1948
81%
73%
:
69%
J-J
38
O
7%
5
J-D
—1962
82/4
2
87%
36%
36
40
87%
1974
'
F-A
1964 V"' M-3 /
46%
46%
46%
110%
*34%
Q-J
Q-J
Q-F
Q-A
J-J
J-J
J-J
J-J
50
40
109%
108%
47%
48
J-J
——1962
—1978
A Cum adjust 5s series A—Jan 1967
tMissouri Pacific RR Co—
Alst & ref 5s series A
1965
AGeneral 4s—
1975
Alst & ref 5s series F_—1977
>:' A 1st
1967 /
1st mtge 3%s_.—
(Wise)
.
31
108%
2
*
mtge 23/4S
1st
46%
46%
J-J
3-J
Missouri-Kansas-Texas RR—
40-year 4s series B—a
Prior lien 4'/2s series D
12
*7%
*4%
J.J
1938
.-1338
§ Alst stamped 5s gtd as to int—1938
Alst & ref 6s series A_.
..1946
Alst & ref 5%s series B_
..1978
t A Missouri-Illinois RR 1st 5s
1959
Mo Kansas & Texas 1st 4s
1990
5s series A
Northern States Power Co—
11%
*10%
Q-F
consol 5s
Prior lien
903/8
*
§ Alst cons 4s stamped
§ Alst
103%
(Minn) 1st & ref mtge 3%s
M-S
1949
1962
gold 4s
ext
71
97
^Minneapolis & St Louis RR—
A 1st
108
55
..
61
2
37%
M-S
1974
series A
4%s
registered
111
18%
108% 108%
O-A
M-S
4s__1997
1997
Gen lien ry & Id gold 3s_.._Jan 2047 * *'
3s registered
....i
2047 '
Ref & impt 4%s series A_____.„2047 •/
Ref & impt 6s series bl:
1..2047 *
Ref & impt 5s series C_
.2047
-Ref & impt 5s series D
2047
4s
95
109%
24
109% 109%
109%
F-A
.
•
•
94
73
l
49
103% 103%
J-D
105%
102%
1
88% 88%
107% 108
>66
i
97
95
100%
104'
104
J-J
M-s
Michigan Cons Gas 1st mtge 3%s_1969
HA Midland of N J 1st ext 5s__
1940
t§AMilw & Northern 1st ext 4%&__1939
A&Consol ext 41/as____
1939
•
ref
&
Gen
r
f.
,
.
23/2
14
87
92%
J-J
A-O
•
Northern Pacific Ry prior lien
-
Miemgan Central—
Jack Lans & Sag 3%S
4%s series A
mtge
,
21
8%
15
*108% 109%
23
50%
15
~5
9/a
#%
High
34
18
9%
J-J
J-J
M-S
A-O
1966
1955
Niag Lock & Ont Pow 1st 5s A
Norfolk Southern Ry Co—
102%
101%
,
Low
47
18
Range Since
January 1
Sold
No.
High
*44
J-J
F-A
F-A
M-N
*
>.1946
HAN Y West >& Bost 1st 4%s
—
—
*99% 100%
A-O
Metrop Ed 1st 4%s series D
.
series B_,
Niagara Falls Power 3%s___
Market Street Railway—
McCrory Stores deb 3%..„
5s
Y Telephone 3 Vis
N
__
*101%
gold
> A Terminal 1st gold 5s
'
*42%
A-O
A-O
(Southern Lines) 4s
A Manila RR
43
76%
76
76
M-S
..1953
RR & Lt s f 5s
A Manila Elec
99
98%
65%
;
3-D
1960
Feb 1 1957
series A
Maine Central RR 4s
4Vis
§ A General
M
gold
Bonds
Sale Price Bid & Asked
Period
Nigh
Low
No.
Week's Range
or Friday's
Last
Interest
January 1
Sold
High
Low
Friday
BONDS
New York Stock Exchange
Range Since
Bonds
Friday's
or
Sale Price Bid & Asked
Period
RECORD
AUGUST 18
WEEK ENDING
FOR
Week's Range
Friday
BONDS
.....
York
New
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number .4309
Volume 160
,
R
Reading Co Jersey Cent coll 4s
Gen & ref 4%s series A
Gen & ref 4%s series B_
A-O
100
1997
1997
J-J
J-J
105%
105
100%
16
97
105
104% 105%
105%
105
94
3 05 5/a
94/4
105/2
100
1951
va
105
33
1
THE COMMERCIAL & FINANCIAL CHRONICLE
748
YORK
NEW
RANGE
Last
Interest
Exchange
Low
V-:J.
J-J
Remington Rand deb 3*6*-.
—..1956
Copper & Brass 3%s
*_ipnO
tSARio Grande West 1st gold 4s._1939
M-N
Kevere
Bonds
Sale Price Bid & Asked
Period
:
Uuth
No,
5 ;
J04V4
1
t
.
y2-/4
62%
Third Ave Ry 1st ref 4s.
A Ad J
44%
66%
lil'/a
;■»<»'
Sale Price Bid & Asked
■
Last
:
.1960
J-J
.Jan i960
income 5s.
Mwtl
.
81
82
39%
■m
: ;■
j-d
39%
39%
103
..
83%
71
238
30%
40%
3
-
,
96%
103%-
■
■:-■;■•
January 1
Range eince
Low
High
No.
28
81
A-O
v
Sold
Bonds
Friday's
or
Low
Toledo St Louis & West 1st 4S--..1950
111%
63 %
'
Week's Range
Friday
Period
Interest
107%
04.
65
yo
62%
18
New York Stock Exchange
101% 103
30
95
AUGUST
ENDING
Range Since
January I
Low
High
Sold
.
107% 107%
102% 102%
,
J-J
RECORD
BOND
WEEK
BONDS
Week's Range
or Friday's
Friday
BONDS
New York Slock
FOR
Monday, August 21, 1944
103
"
a 1st
& Elec Corp—
Rochester Gas
;
1977
mtge 4%s series D—
Gen
A-O
—1949
& coll trust 4s
cons
M-S ' \
3%» series H_—
1967
3%s series I-—1969
3%s series J
-1934
*§AR 1 Ark & Louis 1st 4%s.
1949
4 ARut-Canadian
m* Wg?
— ———— ■— t OiVUV V/AUCVUiUU 4s stpd
tfARutland RR 4%s stamped-—-.1941
■.;>
M-S
Gen mtge
M-S
Gen mtge
f
Tot Si Ohio Cent ref St
47% i
16 Vi
16%
30
11
17%
18.. 19%
48
12
19%
-
—
30
1947
..1996
1st gold 5s
St Lawr & Adir
■
107 y4
105
io«:
River
76
76
62%
1971
77
63
1945
A-O
1959
F-A
1967
J-J
11947
J-J
>
f.
L Rocky
St
,
1955
J-J
..1950
J-J
of deposit
Certificates
Louis-Southwestern Ry—
4s bond certificates
fAlst term Si
a Gen & ref
100
100%
32%
45%
2.15S
120
30%
50
4
36%.
40%
44%
•
J-J
59
J-J
1952
82%
55%
:
2.20S
"
f-A
—
A-O
i.
,
.
MS
97
60
certificates., ..——1935
,,Shell Union Oil 2%s debs
1954'
i
23/4 s sinking fund debentures
1961
t8ASilesian-Am Corp coll tr 7s—1941
Simmons Co debentures 4s
1952
Sioux City & Pacific Div— ' >•*'»>
See Chic & Northwestern Ry
Skelly Oil 3s debentures
1950
Socony-Vacuum Oil 3s debs
.1964
South & Nor Ala RR gtd 5s
1963
South Bell Tel & Tel 3%s
1962
56%
81
86
69%
128%
72
69%
72
A-O
31
30
31
30%
29 :
30%
185
44
42%
44%
1.646
M-S
:
,
Vandalla RR
43%
42%
:61%
24
26%
100
102
*65
..
A-O
85
■■■•/
—1981
1950
,.,.1955
Stamped
<
Southern Ry 1st cons gold 5s
Devel St gen 4s series A
—
.1994
1956
1956
1956
1990
1951
1964
6s
6Vis
Mem Div 1st gold 5s
8t Louis Div 1st gold 4s
gen
gen
Southwestern Bell Tel 3y2s
1st St ref 3s series C
B
7* 106
106 y8
A-O
52%
A-O
66
-
J-D
ioo
iv
100 U
f
87%
i
78%
78 %•
A-O
'
-
J-J
124
v
109
109
•
:
79,
78%
106
,
115% 116%
87%
86%
87%
84
Pacific
Union
5s
1st
i
IQ-Mf-a
a-o
1950
25-year gold 5s
—_—1951
30-year 5s
A
1960
Westinghouse El & Mfg 2%s
1951
87%
1st
4s
guaranteed
Registered
,
M-N
2361
j-i
.
105%
Wheeling & Lake Erie RR 4s_.„—1949-
M-s.
Wheeling Steel 1st 3%s series B—1966
95
112
112
1
100%
112%
Wilson & Co
107
107
107
14
100%
107
Winston-Salem
111
111
2
110%
112%
IA Wisconsin Central 1st 4s
106 y«
107%
110%
111%
J-J
*103
51
51%
60
mortgage 3s——1958
A Certificates
of
4s
ACertificates
of
104
106%
Wisconsin
103% 103%
10
45
103%
105%
102%
:
ioi
119
109%
109%
112%
•>
ioiy2 >i
88%
153
98% 106%
:
63
si
77%.
(11
95%
1
99%
<
—1968
101% 108%
102
107%
100%
107
101
101%
105% 106%
•49
101% 101%
1
108
103%
67%
67
68%
.54
.t;;
64%
63%
64%
12
53
j ;
110%
*110%
55%
72%
69%
111%
100
100
99% 100
£ 104
lii
f i
> 103% 104
:
91%
40
101%
104%
116%
>
116%
!
:
68%
68%
16%
A-O
J-J
177
57%
60 y8
70
39
15%
22%-
14 y8
18-
fU
16%
•
*._
17
110
■
>
69%
nn
16
-l..; ;
Public Service 3y4S._—1971
35
31 "
105% 106
*
■>;.■,•; •'
110
*110%.
i
' '
109% 110%
>;>>i
—
74%
107%
110%
v,
Ill
107%
*102% 103%
ioi
101%
108%
■
105%
Z'
104%
*106%
M-N
j-j
105%
-104% 104%
J-D
102%
117 %
-
94%
,
j-j
—1949
Wisconsin Elec Power 3%s
104%
103 Vb
:
;
deposit
102%
103'%
105 y8 105%
53
98
>100%
108%
•
deposit....
8
J-D
M-N
A-O
-1960
r5ASu & Du ,div & term 1st 4s. Zl936
,
>38%
108%
105%
»
>>
84
102 >
95%
22
■e
100% 101%
105% 106
101%
106
M-S
1st
56
8
«
>
j-j
109%
B
68 \ i 87%
9
59
>
*110% 111%
•
>,
92%
S
100%. 104%
18
>
.
>
/
100% 101
46 '
46%
* '
M-N
M-S
2361
:
1st
78
> *118
j-d
•
96
51%
'
Co—
32
Apr
;
*100%
m-a.
25
P-A
V
106%;
'97';
:
106% in
17:
'
*101%
.
;
•£-
j-j
,
West Shore
;
■
'v
104% 105%
107%
98%
:
> 80
: *
*100
j-j
1952
;*
118%
46y8
»
108% 109 »/4
<
.90;
100
•
f-a
j-d
105%
J-J
:
17
84%:
76 '
>
.
109
J-D
4 112
109% 111%
105%' 106%
104%,
>> 83%
.
J-Dr
,
A—1946
Funding & real estate 4Vis
..
78
f-a ■()
.1977
Telegraph
84%
100%
A-O
J-J
112
;
106
>104
>
104
:*<
a-o
J945
ser
Apr
Apr,
A-O
1953
1359
1950
1961
3% debs
Oil 3V2s aebs
8wlft & Co 2%s debs
Western
106 %.
73%
215
99%
^
v
*98% 104% >
>4
j-j
-
Power 3V2s series 1—1966
tAWestern
/
104%
105
*111
Sunray Oil Corp
65%
91%
50
104%:
"0:' .4
:
—
i-i'i?1- '96%' 97 ? >
t; 108-*;4 4108 ■ 108% :
If-8
1967
Western Maryland 1st 4s
1st & ref 5%s series A
89%
.85
101%
23
146,
" 103
'.-,>97%
*106% 109
1991
stpd gtd——.1950
5s
101%
;;
(i 65%.. 84%
113
106%
*107
buperior
4106
M-S- •--"I
1981
3»/2s
West Penn
69
226
,
Gen mtge
;
101%
66%
88
103% 104%
116
A-O
;
'*^•110%::
A-O 1
i
1971
,1st 40-vear guaranteed 4s
Westchester Ltg
J-J
<
*108%
*112—
-
'
Washington Central Ry 1st 4s__—1948 '
Washington Term 1st gtd 3y2s.—1945
94
307
80%
77%
'
'
78%
•77%
103%
J-J
3
15
:
95%
V'":;2
7100% 100%
84% 87%
80%
M-N
'
"4
•
■: A-O
1st mtge 4s_.
1955
1st ref gtd gold 3 %s—2000
Warren RR
106 »/a,
105%
■S 34:
100%
M-a
M-N*
,4%.;'
-
US
—1958
———
/ ;
1st mtge 4s series A..—,
AGen mtge 4s inc series A
AGea mtge inc 4 %s ser B
>■i
103%
107
14
If-8
'
J-J
debenture
5s.„
cons
Wabash RR Co—
.
123
*108% 109
4 102- :
4 ioi%
.r
,
98%
W
105 %
>
108% 7; 108%< 108%
M-N
1968
m-n'
—1968
-
105%
103
106 %
*126
Pub Serv 4s
....1972
ASpokane Internat 1st gold 4Vis__2013
Stand Oil of Calif 2%s debs
I960
Standard Oil N J deb 3s
1961
Southwestern
2%
102
103
103% > 103% 103%
J-J
1977
Term 1st 4s
RR 1st ref gtd 4s
——1957
series B
Virginian Ry 3%s series A..—1966
100%; 102%.
:
104% 104%
J-J
1969
Gold 4 Vis
B
Walworth Co
*
£
62
102
105%
Youngstown Sheet & Tube—
1st mtge s f 3%s series D
•♦"enn Coal Iron & RR gen 5s.— .1951
J-J
117
117
Terminal RR Assn of St Louis-
f gold 4s........ .1953
J-J
Ref & impt mtge 3%s series B. .1974
.1950
J-J
Gen
refund
s
Tcxarkana & Ft Smith 5%s A.
Texas Company
—
..
Gen
112
.1959
102%
117
__
'
106% 106%
A-O
Jf-N
J-D
30
17
*124
A-O
93%
113
105%
112%
'
101% 102%
106% 106%
106%
91 %
...
115%
125
Gen & ref 5s series D_:
105% 105%
>
38
101% 106
124%
93%
93%
54
81%
A-O
96%
93%
93%
10
79%
J-D
95%
93
93'/a
26
80%
e
Odd-lot
range,
sale
r Cash
not
sale
■/.'>>>
§ Negotiability Impaired by
maturity.
tThe price represented Is the dollar quotation per 200pound unit of bonds.
Accrued Interest payable at the
exchange rate of $4,8484.
tCompanies reported as being in bankruptcy, receivership, or reorganized under Beotlon 77 of
the Bankruptcy Act, or securities assumed
by such companies.
> /,'•»
♦Friday's bid and asked prices; no sales being transacted during current week.
ABonds selling flat.
106%
.1979
96
t.
105%
'.■•>».
106%
105%
.1980
St ref 5s series C—
m-n
a Deferred delivery sale not
Included in the years range,
d Ix-lnterest.
Included in the year's range,
n Under-the-rule sale not Included in the
year's
not Included In the year's
range.
T03%
105
3
i960
118
111
117
*106
F-A
.1968
3s deb.
dehent.il res
Texas & Pacific 1st gold 5s.——„-2000
Gen St ref 58 series B.
:
.1977
^
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—-Cash
In
a
and
footnote In
In the
Aug.
12,
the
deferred delivery sales are
week In which they occur.
following extensive list
and
ending
the
include every security,
present
disregarded In the week's
we
No
account
furnish
Friday
whether stock
or
a
Is taken
AND
range
of
such
YEARLY
unless they are the
only
sales
In
RECORD
transactions of the week,
computing the range for the
complete record of the transactions
and when selling outside the regular weekly range are ihowa
year.
the New York Curb
Exchange for the week beginning on Saturday,
compiled entirely from the daily reports of the Curb
Exchange itself, and is intended to
bond, in which any dealings have occurred
during the current year.
>
>
;
(Aug.
18,
1944).
It
on
is
-
RANGE
«TOCKS
New York Curb Exchange
Friday
Last
Sale Price
Par
Acme Wire
Aero
Co common
Supply Mfg class
A
-10
Air
Associates Inc (N J)
Aircraft Accessories Corp
Air
Investors
Convertible
Air-Way
Alabama
common
preferred
Electric Appliance
Great Southern
Alabama Power "Co $7
preferred—
$6
preferred
WEEK
Shares
26
3%
Hiah
26
Low
10
3%
Jan
26
Mar
Apr
21
Jan
900
3% Jun
9%
9%
9%
800
6%
9%
9%
9%
500
.500
4%
4%
4%
8,900^_^2
Jan
2
2%
2%
2%
2,600
2
Jan
2%
Feb
35
Jan
35%
Jan
Feb
4% July
10
July
10% July
5% July
~3% *4
.
99 %
99%
117% 117%
107
1,800
110
190
50
2% Apr
89
Jan
114
104 Vo
Feb
■
Mn.i*
4
July
102
Mar
118%
Jun
107% July
Last
Sale Price
Par
Allegheny Ludlum Steel 1%
Alles & Fisher
pfd__
Clflss
A
Aluminum Co
•
—25
28
28
28
new common
—•
34
.100
33%
113
300
'
34%^
V 200
4J00
400
common—
77%
—
8% July
Jan
22
31
23% Apr
27% Mar
31
169%
Feb
Feb
Jun
*Jun
J
35
Jun
July
115
Aug
19% Mar
78
~2
42%
750
13%
Jun
73% Jan
84
Jan
95% Jun
77
IIoo
:
■
Feb
9
*
common
Co
July
High
114% July
22%
18%
113%
Mfg
American Beverage common
Book
_>
8%
■
common
Ltd
low
114% July
28
Goods
Range Since January 1
••
„
27%
preferred
American
Shares
High.
28
Aluminum Industries
6%
for Week
6
pfd.
preferred
Aluminium
Low
.
Sales
•
Range
IIlO
conv
Aluminum
.100
Week's
of Prices
common
Allied Intl Investing $3 conv
Allied Products
(Mich)
6 %
-10
107
Feb
Friday
New York Curb Exchange
High
22
1
-50
18
STOCKS—
—9
—3
AUGUST
Range since January 1
20
~3%
ENDING
for Week
low
26
FOR
Sales
Range
—1
—1
Ainsworth Mfg common
Week's
of Frices
i
.
102
102%
ioi% 102%
■.
-102% 102%
.
101%
101% 103
..
102'A
J>'—:
■
98% V/ 98%
f-A K-
g 4s series A—1955
Pwr 3%s
,54
-75
♦101% 102
F-A
102%
100%
—
4*102%::.l;:->
A-O ;
& ref
'1st
i
1949
Lines) A
San Fran
&
-27%
181
29%
™:
J-J
Aug 1949
Gold 4y2s
Devel &
43%
61%
34%
P-A
M-N
M-S
mtge 3s series D_.____ 1974
Va Iron-Coal & Coke 1st gold 5s^_l949
Va si Southwest 1st gtd 5s
2003
44%
29%
Elec &
''1st
;
,31
-
29%
;
J-J
—1968
Devel
20
'
32%:
28%
P-A
4
•72
•
21%
>606.
cons
Cons s f 4s series
*
Va
•
Gold 4%s
Soutn Pac
43
786
;
•
43% >: 41%
61% >. 59%
M-S
F-A
-1979
1st 4Vis (Oregon
;
.
:
4/
..
*102
1959
,
*102% 103%
-*102
1951.
.
71%'-
43%
v-,779
M-N
M-N
.101% 102%
.
105 %
126%
71%
♦101%
M-N
—.Jdayl 1955
I;
..
*101%
M-N
.
.
;
101% 102
—
4 .101 Va 101%
—:
ioi%.. 101%
101% 101%
104 y2
103%
29
.
.
2.65s
>.
38%
102
128
M-N
1 1953
Nov
Unitfed Stockyards 4%s w w.
•
104*
,101% 104%
-.101% 102%
—
..
*101% •
:
Nov 1 1954
<
Uniyersal Pictures 3 %s' debs.
64
100
30%
38
A-O
Co—
(Cent Pac coll)
4s registered
—
109%
V110%
>101
May 1 1954
2.60s
-
82%
38%
92
..
—
A-O
■
4s
M-N
2.55S
106
57%
58
55 »/8
noo% >.>/
36 : ' 36%
* 104 *104%
.
U-N
series B
debentures
..Mayl 1952
Nov X 1952
LJa y 1 1953
2.40s
*102%
..
'
3s
M-N
2.45 s.
59
,
J-D
-
Southern Pacific
—.Nor 1 1950
2.35S
.
'
*100%
3,7%
70%
/~9
111%
106
9
•100%
37%
9-
H; i04% 104%;
v
119
51
*,
ai
F-A
102%. 107
1<V2%, 106%
,
33
'109% 109%
: *io2%*io4 :
109%
;
>*100%
28%
8;
*
108%,',
107
13
.
110%
M-N
28%
■■■'
,110
m-n
35
82%
106% 107
-105% 106%
109%
M-N
277
106
106%
102% 104
:\~2
32
106%;
106%
;
1 1949
34%
82%
J-D
May 1 1949
Nov
35%
: 106
106
103%
;
; t-
2.50s*
M-N
5
107 ** 107%
.
..—May 1 1950
wMaMkniaiONi
f
34%
35
M-N
Corp—
2.10s
29
44
••
i
-
19%
19
'
..
A-O*
.1971
debs™
United £tates Steel
Serial debentures
94
45%
J-J
goid 5s series A
1990
St Paul St Duluth 1st cons gold 4s_1868
V
ASt P & K C Sh L gtd 4Vis
1941 >
:
St Paul Union Depot 3%s B
1071
Schenley Distillers 4s 8 1 deb
—1952
Scioto V & N E 1st gtd 4s
1989
I Seaboard Air Line Ry—
>
5 A 1st gold 4s unstamped
1950 ;
§A43 gold stamped
—1950
;
f AReiunding 4s
1959
a Certificates of deposit
.—_
A 1st cons 6s series A..
-1946 ACertlficates of deposit—
J5AAtl Si Birm 1st gtd 4s
1933* :
J A Seaboard All Fla 6s A ctfs..—.1935
A6s
.1970
A-O
46%
44%
:
A-O
89 Vi
281
110% 112
'
25
>— t;
106% 106%
v ;:i04
104 :
107
.1955
34%
.1989
unifying 5s
95
111% 112
*20%*
'
United Cigar-Whelan Stores 5s— :1952
United Drug 3'As debs—
.1958
100,%
j:..•,'/
1
.1980
35-year 3 y2s deb—._u
Ref mtge 3%s series a.
33
42%
41%
45
M-a
Nov 1989
bond ctfs
2d 4s inc
grant 48.^...
34-year 3'/2s deb__—
'
97%
92%
41%
41 ye
44%
-
v
1st
3
19
42%
41%
J1
5s series B
of deposit
A Cons M 4%s series A
..1978
: a Certificates of deposit stpd
a
95%
26
•
,
a Certificates
JSt
land
2.05s
Z1950
a Prior lien
r
100% 100'/a
e99% 100
-100% 100%
100
V
M-S
stpd
Ry
Mt & P 5s
JOt Louis San Francisco
a Prior lien 4s ser A
a
.MWMT
1959
103%
106% 107%
Pacific RR—
1st Si
United Biscuit 3Vis
1st mtge 58—
St L Pub Serv
,
debentures^
Union
77
100%
'Zv
zi*107%
M-N
v
76
77
M-N
stamped————-—1933
A Certificates of deuoslt—.—.—
1st 4s
A
*103% 104
,
104
U
tSt Louis Iron
r
lmjpf 3%s..l960
,
tIAUnlon Elec Ry (Chic) 5s.
Union Oil of Calif 3s deb....
106
A-O
Mountain & Southern—
& Gulf Division
:
1
:»
—
5
v
M-S
Union Electric Co of Mo 3%s.
108%
106 Vi
J-J
1996
2d gold 6s
•.
,
J-J
*102% 102%
,
3s
107
*^r
A-O
1966
Baguenay Pwr Ltd 1st M 4%s
St Jos U Grand Island 1st 4s.
t
j-d
101'A
101%
...
a-o
,^10*3
107% 109%
39%
50
47'A
■;
.
\
110%,
16 Vi
;>
J-J
A—J ',
"
*108 %
M-S
i
Toronto ,Ham & Buff 1st gold 4s._1940
Trenton Gas St Elec 1st gold 5s~..1949
Trl-Coot Com 5r cmjv den a
nu%
Z
V
:
'l'j,
*125%
..
M-S
...1967
Gen mtge
.
103
Feb
y
"42%
May
%
Jan
28%
Jan
?% Mar
,42% Aug
-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
160
Volume
NEW YORK CURB
RANGE
~
53a
1.500
.
25
25
A
41-
*
40%
47
3
Jun
44% Mar
Canadian Marconi
Jan
41% Mar
Capital
1%
Feb
3
July
38%
Feb
47
Aug
41%
Feb
36%
%
1%
Jan
Carolina Power & Light $7
v
%
34% Aug
7.900
%
600
-
18%
18%
11,700
•
ii2 y2 112
.
15%
17%
200
34%
Jan
32
32
..
..
1714
32 %''
16%
V 400
17 %
-
900
51%
50
7? 275 7
52 " "
Corp com_
10c
/ ..1st
$6 preferred—
—;
•
I$6 series preferred
i
—*
American Thread 5%. preferred
9
American Writing Paper common—u*
Anchor Post Pence—
—2
'
*
98% 102%
102%
—..
88%
110
-
rv/e
1%
31
12%
45:
12%
V
900
12%
31
Apr
-■%
25.100
:.;%
■
25
105
y4:
4.400
14
3%
3%"
3.800
5%
6
■
109% 109%
18%
*'
17 y8
-
3%
18
1%
1.400
'
20 y8
-
8%
3%.
..1.200
■;;'i 3%
3%.
10%:
1.200
3%
y,>t'
3
.r
.
'j
800
7%
13
5%
Jan
July
>11
Apr
500
/;
-'
July
*'
—♦
Tel class A
Associated TCI Jfc
Atlantic Coast Line CO—
Atlas Corp
warrants——
Atlas Drop Forge .common.
•/
9% .10%""
10
—50
;
43
~2%
Cleveland
■l
7 43'%
2 y4
8 %"
1.600
"
—5
13%
12%
13%
—1
6%
5%
6%
4.100
9%
3%
Feb
4%
10%
10%
9%
24
24%
15
V*
13%
.
10% July
Feb
25% July
21%
200
15
9% Jan
7
600
15
May
8
700
:
;
May
B
-»•
preferred
17o
/"
Basic Refractories Inc
I Baumann <L)
Hedges
&
Convertible
Blauner's
9% July
2
Jan
4
t
200
•
•
,
.-j-
9%
10
vli;;>■>:
io
'
9%
■;
2% /
•
ri%
-9%
*
1
2%
49%
49'/8
15'/4
Bohack
(H C)
2%
Co common
9
>
28% July
Apr
Jan
Feb
4% July
136
30:/
Apr
y2 Aug
35
July
Apr
37
Jan
% May
3
Aug
140
77 7"
,■
15% Aug
12Jan
:li
6%
4/
6%
9%
Feb
100
Feb
v
9
15% July
2,200
:
Apr
7-7 1%
Jan
3 '" Mar
500
43%
Jan
49% Aug
4,000
•;
'
11%
10%
Jan
17% July
7%
100
11%' Mar
Feb
20
80
Jan
105
Mar
50
24
Jan
28
July
10%
Jan
12% July
'
1st
preferred—
Co
Borne Scrymser
Bourjois
i...
Inc..
Bowman-Biltmore
2d
$5
>
Breeze
19
>3ys.
•
Bridgeport Oil Co
*
Mfg
Co
common
•
:
"M
British
American
3% Mar
19%
500
18%
9%
5,200
3'%
12,100
~8%
"9%
31%
31%
Jan
21%
Jan
Jun
13%
Feb
14% July
Jan
Am
dep rets ord reg
Amer
Columbia
Feb
•
Feb
18% July
17
—
Jan
4"% July
Jan
Class
1
18%
19%
•
90
90
prior preferred
Brown Rubber
;
(EL)
Bruce
1
Co common
Co common
Buffalo
•
■v
preferred
$5 .1st preferred
Bunker-Hill
preferred
$3
Burma
Furrv
Butler
(P
2.50
12%o
3%
._
International
Cork
Crown Drug Co
9,000
Cuban
Tobacco
Curtis
Lighting
Curtis Mfg
Voting
Canada
Electric
Tungsten
Fire
Class
A
Class R
vnr
Power
May
3% Aug
Jun
Jan
10% July
Apr
18% Aug
107% Aug
Feb
Apr
Jan
12
•
1%
Inc
10
~7
*7%
7%
8
500
2,600
pfd
1% July
1%
Jan
Jun
preference
Apr
8
footnotes
see
•
page
753.
—
Feb
100
23
25%
10,000
1%
900
5%
200
—
5
-.
100
—
'
Jan
Apr
9% July
28% Mar
1 %
Feb
'
3%
Jan
3%
Jan
11
Jun
*
6% July
Jan
15
July
n
500
10
Feb
11%
Jan
23%
24%
6,400
19%
Apr
26
Jun
100
3%
Jan
2%
Apr
12% July
3'/4 Aug
8% May
9'/4 Aug
2
24%
9
9
Jan
24
,
Jun
%
2l50
3 Vs
Aug
25 y2 Mar
li
Apr
Aug
24
—1
:
8%
Mfg class A common
preferred
...
debenture
De Vilbiss Co
Diamond
Distillers
Co
320
Jan
4%
Jan
Jun
135
Jan
May
10% July
Jun
79%
Feb
12%
1%
6
26%
Feb
16
Jun
Jan
21
July
1%
10.100
%
4.400
3%
Jan
800
20 %
1% July
Jan
6%
26%
Jan
22
m
Feb
9%
10%
July
10% Aug
9%
9%
9%
9'% Aug
3,300
500
Feb
16
13% Mar
10%
Aug
10%
.
Jun
26
Jan
10%
.10
..10
6% July
27
Ltd—
Co
13
..£1
...
—1
.—1
common
~6% 1%
&
Coal
13%
Feb
6% July
25'/2
22% May
Jun
*
I25
B—
"7%
7%
100
—
II*
IlO
77%
80
125
31
77%
31
50
6%
Jan
'
7%
common.
1
"3%
8%
400
3%
3%
800
11
11
100
1
Feb
67
Aug
81
Feb
3%
80
33% July
26% Feb
74
Corp common
8'/8 July
7% Feb
Feb
6%
7%
—•
Corp
class B
July
9% July'
Jan
Jan
5% May
100
•
Dominion Tar & Chemical Ltd
Hosiery
17
Mar
5%
10%
Jun
8%
Jan
2% Jan -jTja
9% Jan
•J
•
Aug
4% July
11% July
•-
•
July
5%
Jan
July
19
Domestic Industries class A com— —1
Duro Test
82
72
common
Corporation
Durham
Jan
5%
1,600
Aug
5% July
Jan
113 "
9%
78%
1%
dep rets ord reg
Dobeckmun
Mar
3%
12 %
6% Mar
9%
6%
nil
Mar
July
36
200
78%
„10
Diana Stores Corp—
Divco
5
9%
—3
—
26
21
Jan
700
11%
.20
—.——
Jan
Jan
65
common— —1
common
Shoe
5
III
Foundry
Co
11%
78 %
'.
preferred
7%
1,100
.50
.._*
Mfg
Gray Iron
20%
100
——
Derby Oil & Refining Corp com
A convertible preferred
&
19%
15%
33 %
20%
.39
9% July
20%
Jun
100% July
East
Gas
4%%
& Fuel
Jan
24
Jun
4%
Feb
4% Mar
5%
Apr
5% July
common
•
—100
100
Eastern
Malleable
States
$7
Assoc
prior preferred.^
Deferred
Iron
Corp
preferred series A
40%
2%
67%
40%
1%
Feb
925
56 %
Jan
32%
Jan
43% July
41%
400
Jan
28 v«
2%
25
•
*
2% July
1,300
69
24 %
2%
69
1%
%
1%
10,900
51
47
52
750
51
46
52
1.150
'
.:
%
3
l'
Jun
22% July
% Jan
2,500
;?
i|
A
3% July
36% July
7% Mar
21
5
•
voting
2
July
Alcohol—
voting
700
ti'
Apr
.2% July
25
convertible
Class A
fit-
-
14
87%
D
Davenport Hosiery Mills
Dayton Rubber Mfg
Eastern
,__25
Jan
3
Feb
H
Mar
10'/a
1%
Duval Texas Sulphur
4
100% July
10G
7% July
Jan
1% Jan
9
Steel
20%
7%
106% July
17% July
3,200
Bridge Co Ltd
5%
"7
Apr
Feb
3%
common
Dominion
Jan
3% May
___5
Mar
25%
(Mo)
Co
Dominion
>
5%
%
1,000
July
84
10%
5%
•
Jan
4
■
£1
1_1
l'/8
10
5%
5
1% July
Apr
}§ Jan
400
July
25%
common
Gasket
Foundry Ltd—
Industrial
nnn
1%
1
Corn
6%
Car &
Participating
Canadian
;
Insurance
Cement
Canadian
pfd
Estate
Sugar
California
Camden
—:
dep rets 5%
1%
13% July
6
50
Duke Power Co—
1%
50o
Wireless-
Calamba
faUlte
certificates
trust
&
American
24%
1%
common
preferred
c
Cables
1,000
32%
31
25
1
.25*
Driver Harris Co
1%
2%
Jun
-28
Sugar
6%
26%
4% July
50e
%
10
Atlantic
Draper
Cable Electric Products common
2,300
»
A
preferred
Detroit
Jan
3
5%
; I
"Apr
2'/8
»
Oil Refining
2%
9 % May
3,300
12
7%
II8
preferred
Jan
1%
32%
115
Jun
14
87
2%
3
10 V.
common
convertible
1%
3%
100
100
7,350
%
2
8y4
Jan
12
2%
.—9
91% Aug
1%
•:* 40
6%
'<}
50 y2 July
Jan
.
15%
6%
87
,
26
3%
3%
9
iV
I-
6% Aug
;
9% Jan
6,600
3,500
—•
—1
Petroleum-^,
Brewing Co.—
Jan
1
800
5%
13%
receipts (ord reg). -£1
dep
Jan
97'%
Jan
1
U
Mar
117% May
111% Aug:
" >Jan
32
;;
Jun
69
Jun
4%
200
;;
-60
17%
600
' .7%
Feb
A
Aug
5%
Feb
104
,
38
Jan
Jan
63%
250
105% 106%
—50
preferred
77%
100
1% Mar
4
13,600
13%
5%
15
III
10
9
90
6%
45%
13
—
1,400
10%
-
—
*
Stove
14%
111%
12
6%
Crowley Milner & Co
Crown Cent Petrol
(Md)
$6
if
12'/4 Aug
Ltd—
American
Cuban
600
Aug
Jan
Jan
common
Petroleum
Crystal
68%
if
% Mar
Jan
12%
——
convertible
%
500
9%
V
.
1 %
•
—
Courtaulds
"
5%
]
July
1 '/4
Apr '
114%
.100
& Reynolds
preferred A
Crown
300
j!
1V July
25
t
Jan
Corp—...
Co.
Cor? von
Croft
650
1%
%
—10
prior' preferred
Creole
12%
sVJan
4,600
7%
Fdy
Inc d
i)
Mar
71
20 % Feb
%
6'/4
Cook Paint & Varnish Co
5%
800
.100
Oil—~
Copper Range Co.
Cornucopia Gold Mines—
Cosden
56% Jan
1%
6*
5%
$6
;
830
100
45
13%
Coro
.
"
24%
111
6%
Products
900
111%
.100
Hoc
7%
'
Feb
47% Mar
113%
& Machine Co—- Llx 1
Continental-Gas & Electric Co—
f"7 *
Continental
July
0%
33% Aug
100
45%
Mich
25c
common
Steel
Textile
Consol
12
A
|l
if
)I
1,350
68%
68%
—*
—1
7
8% preferred
Consolidated Royalty
Jun
i
!
33%
Smelt Lta —8
_—1
Stores
Steel
6,600
10%
1%
Corn
H)
Retail
H
Apr
~5%
III
&
Detroit
10%
2%
if
4
Jan
2,500
1
Co
Detroit
107% 107%
10%
dep rets
Corp Am
BiscuH
Consolidated
•
;
Jun
37%. Jan
18% Aug
28
July
.
6%
9% Aug
4% July
12
12
Utilities.
Gas
Minmg
,
3% July
6% Apr'
1
1
preferred series C
Consolidated
10
50
5,200
'!
Jan
1% July
Feb
2,700
fj
<
series B preferred—
Consolidated
22%
•
Jan
9%
-
24%
1
Consol G E L P Bait common
Consolidated
'A
2% May
1
Biscuit
Consolidated
Detroit
78%
3/64
Gas & Coke Secur common
Conn
11%
11
600
200
.
,!>•
Mar
9
:
to 1946
Jun
10
•
Sullivan
&
i'-.
•
.29
—.1
Public Service
Community Water Service
Compo Shoe Machinery—7
4% July
17%
10%
18
7
Jun
4%
v
!
{:■
111% July
91/2 Jun
Jan
30%
i
12% May
Jan
:
4%
4%
Community
Am
29
11%
u%
69%
Apr
& East Power—
Niagara
$1.60
.
17% Mar
118% July
Jan
%
2,900
,
3%.
66
,19% July
21
18%
25
a%
69%
Feb
8,300
17%
23
53% May
Feb
18
.375
34%
34%
,
Jan
...3,600
18 July
■
,
6%
100
1%
25
—
Feb
'•
3%
3
3%
21%
1%
34
V t c extended
700
...
21%
33%
3%
600
;
9
Buckeye Pipe Line
*
4%
*
Jan
■
4
1
Arms
14%
~4%
1
common
preferred
Forman Distillers
Brown
$5
A
85%
1%
34%
j
Jan
33%
17%
May
1% May
Wire
Brown Fence &
Jan
8%
>
.
9%
8%
38% Aug
9% Jun
Feb
92 %
500
,
11%
21%
:
—9
20
3%
10s
Power class A
.
.-1
British
British
13%
1,800
15%
7
9%
Dennlson
18% Aug
77"
£1
10,000
14%
i
Jua
\
1
Jan
.
.
Dejay Stores
Jun
15%
£1
17%
,
,1
July
116
Jan
1,525
48
11%
9% July
16
■
13% Jan
Jan
29
;
9% July
V4
preference *—...
100
Commonwealth & Southern wanants—
'
5% July
Apr
325
107 % 109%
*.
Electric—
&
Aug
35% July
6% Jan
1,350
3%
Fire
Aug
7% Mar
18,700
4%
Gas
July
1?
-
41
ordinary
...
119
Jan
9%
%
8%
$6 prior
dep rects ord bearer—.
dep rets ord reg
Celanese Ltd—
Am
M
38%
9
15%
37% July
Tobacco—
18
50
36%
•;
common
Jun
Apr
4
6,100
9%
;
109%
20 %
31% July
10
38%
Jan
23
Jan
8% Aug
1,000
Co
13
97
Jun
3%
4%
x.
..100
;
July
7%
*
Co
Jun
105
Jun
13"%
1% May
21'%
12'%
'/
31!*:a?
Oil Co—;—..
American
17"% Mar
Jan
13%
'& ?: *
>5
A
British
% Mar
Jan
1
■: ,2%
13%
1
Class
Jan
6%
1,400
12%
1
Brillo
%
1,000
2%
ft
19
Bridgeport Gas Light Co—
i
1,600
15%
2%
—Vi
Brewster
Corp common
Aeronautical
~~U i
13%
•i
'v:
•
& Pwr
27%
''tv-
•
•
Traction Lgt
95
27%
100
preferred
Brazilian
95
*
common
1st preferred
7%
/
/
100
29
;
Aug
July
10
3,100
16%
& Co
Aug
'
19% July
;,2,700
49%
16
Ridge Corp common
4% May
82
jan
127%
16,700
9%//
optional convertible preferred—•
1/
Jan
14% Mar
7
—
*
1
Apr
6i/4
.v%,
2%
; 2%
5%
35
34% T'.i
34%
1
2%
iS)
100
yk
—■
2%
Blumenthal
r
July
9% July
■
1,600
14"%
*
Jan
-
21
"3%
"3%
p%
•
W) common
Blue
jun
65
14%
7%
Aug
16% "Apr
Feb
4
'.
9
—*
common
common
J
13
800
2%
;5;":
5%
14%
(E
Bliss
"V
41% July
Jan
,
600
8,500
14%
>•
Blckfords Inc common
—1
Birdsboro Steel Fdy & Mach Co com..••
$3
Jan
6'%
3%
14%
.100
Berkey & Gay Furniture
:
3%
"5%
1
preferred
*
/
39%
7
—20
common
of Canada...
Benson
1
-
Ties
Aircraft
Bell Tel
*>
Jun
*
convertible preferred
$1.50
Bellanca
<
8%
;———100
.*
^1
Mills Inc common...—
Beaunit
V
39%
8%
3%
9
-^1
*
common
Brummel
Beau
«
;
1st preferred—
1.%
39%
8%
——1,
Seelig Mlg—
$1.20 convertible A common^
6%
.:
It
Barlow
"
-;9%
9%
1
Corp—
Steel
Barium
i.
July
26
20%
•
;*
30
Rubber Co common
Baldwin
a
Feh1
< 800
55,400
,7 100
24%
!
Jan
119%
Jan
%
3^200
9 Vs
18%
Corp
Utensil
Plow
Patent
8%
•
112
9
:
7 24 %
7*8'%
24 % r;
Baldwin Locomotive-^ .
.
Purchase warrants for common
;
Coal
Airlines
tVz%
£ Babcock 85 Wilcox Co
100
4
4%
1
5%
Jun
6% Aug
6% July
•;
:
12
9%
Jun
96% May
'
—1
4:
Illuminating
Development
Colt's
13% July
Jan
"r
24 '4
10'4
Apr
3,100
•
*
Automatic
Vpting. Machine..——-—;•
Avery ,(B F> ti Sons common
5"
/ «
preferred—
—
25
Ayrshire Patoka Collieries
1
2% July
.60
10
Co
Aluminum
Columbia
Feb
Feb
47% May
IV2 May
5'% Jan
2.700
8% July
7% May
700
103
'<T*% ~~u--
Colorado Fuel & Iron warrants
.12'%
Jan
31
150
2% :
8%
7%
12
•
•
•
—*
:
Electric
Colonial
3% July
80
Jan
3% May
119%
Cleveland Tractor common
1% July
•.
Jan
•V 8%
1.700
8%
—
Products——,—
Jan
7% Aug
7,400
7%
102
—
Lights Inc.—
Clayton & Lambert, Mfg——
fClinchfield
8% July
Mar
75
Plywood Corp—.—-————1
Automatic
%
2%
7
—1
Fisheries—
Coast
1% k iy8
;i;%
8%
.10.
—.
Neon
Cockshutt
RR Co' pfd—100
Birm .fc Coast
Controller
Claude
Colon
Associated Laundries of America
Jun
7%
7%
46%
Stamping./.
Auto
Clark
,
Jun
m
7
6% Jan
•7
1.500
Jun
21%
9%
City & Suburban Homes
Club
.
16%
May
{V: %
...
preferred BB
City
7
Jun
7 Aug
,109
.
Jan
20
__1
preferred.
$6
4'% Mar.
10'%
.
j,'7 % Mar
2.000
/
Jan
;
10
-
£1
-rects reg
American dep
Atlas
97 y8
20
6%
9%
6%
Jan
Mar
10
50
com..*
new
Mining...
60c. preferred B
Aug
4'% July
>.
Consolidated
$6
Electric Industries—
Associated
Atlantic
11%,
11%
■
Atlanta
7-,
108% 108 »/a
8'%
May/.
9%
8%
100
4
Cities Service common
May
13 ■
.6.000
ioy8
.
19% July
200
—100
Jan
Apr
'
Chicago Flexible Shaft Co
cmcago Rivet & Macn
20'% Aug
113% July
Jun
Jan
.29
July
v2%
23.100
12%
7%
Co—5
10
—5
Chesebrough Mfg
3
106%
110
•
7%
Jun
115 Aug
14%
com————1
new
4
2% May
110% 111
Jan
118
Jan
21
1
SChilds Co preferred
Jan
114% Mar
6,100
7%
100
100
pi a
Weather Strip
7% July
13
July
14%
pM—.100
Utilities!
_50e
Jan
18%
1
0%
Jan
111
"*-2% Mar
1.400
.
Co
Metal
Jan .;
100
2%
.
May
21
Light 7%
Chief
200
3%
2%
19
Aug
10
48%
14%
*
com_
pfd
Products
4'/a Mar
•v.v4%
-
3%
c
/
7%
Corp common
Cherry-Burrell common
Jun
Jan
Steel
Aircraft
Elec
&
Charis
% July
•
26
Jan
21
1
Power
Jan
3%
'
i"
May
Gas
Power
Yorx
Ohio
Cnamoexim
Apr
5%
A;
New
Cessna
July
15%
Jan
Hudson
Maine
Central & South West
Aug
-
,'ft Jun
.
19%
18
1
10
America
Jun
108%
—•
*
16
Jan
Feb
41
30
116% 116%
18%
t
Central Power &
Aug
48
Jan
I
30
43
Jan
2% July
Jan
7%
116%
com
of
Corp
Central
1% Mar
Jan
3%
1%
X23
43
preferred..*
—•
& Co
Central
Aug"
102 y2
Jan
;
Co
Central
Jan
52
.
40
>10%
150
J
■
-
26 y2
,
W)
(J
Products
t^emrai
18% Mar
22%
•1.000 "
31
44
Angostura-wupperman
—
—1
20
'
Apex-Elec Mig Co common
——•
111
Appalachian Elec Pwr 4% % pfd—100
Argus - Inc **——*;
———1
8%
Arkansas Natural Gas common
—*
3%
:Common class A non-voting-*—-—•
'.{■v3%
preferred——
*———--10
10%
Arkansas JPower;& Light $7 preferred.*
Aro Equipment Gorp_————
2.50
u%
Art Metal Works common—
_5
Ashland Oil & Refining Co.
I;
-6%
Assoc Breweries of Canada.
<,
/ ,v ■
Name
changed to Sick's Brew Ltd
•
Jun
2,000
144
Jun
34
'
Feb v
1
6.700
1%
27%
/
('"%
Superpower
19'%
7
,,
-
•
"
Amer
Feb
V 16% July
25% Apr
35% Jan
High
Jan
12%
•
common
(A M)
Catalin
2
•
Castle
Aug
1%
•
A
common
Casco
July
46
'
class
Co
Co
Corp
Carter
Jun
39
Low
•
preferred
Carrier
7% Jun
■'
'
Apr
25%
'
-
July
112%
Jan
14%
$6
&
:
Products
City
Carman
30% Aug
Jan
350'
17%
16%
5%
41%
~
-
Jan
300
39
38:
19
Jan
107
150
v.//
7%
7%
-
—
Jan
26%
250
30%
18%
X30
30%
Jun
Range since January i
High
144
1
Class B
Carnation
90 "
.
34%'
35%
38
:2.600
47
44-
Shares
100
35%
■
2%
,.,3
Cyanamid class A
_10
Class B non-voting——,
10 •
American & Foreign Power warrantsAmerican
Fork & Hoe common
•
American Gas h Electric
—10
4%%
preferred
:
—100
American General.Corp common—10c
$2 convertible preferred
—1
$2.50 convertible preferred
—1
American Hard Rubber Co——
25
American Laundry Mach
20
Amerlcr.ii Light At Trac common
25 *
:
6% -preferred-—
25
American Mfg Co common—
100
Preferred
100 •
American' Maracaibo Co——
11
American Meter Co
J—
*
American Potash tt Chemical—
V
AmericanRepublics—«
10
American Seal-Kap common
—2
American
Low
Par
preferred
450
v
:
Sales
for Week
Range
of Prices
Canadian Industries Ltd—
500
■
42%
40
40%
Last
tilun
12% July
Jan •
Week's
Friday
Exchange
Sale Price
7%
Power & «jight—
class A
Convertible
Curb
•
Low
12%
12V«
12 V2
York
Range since January 1
Hia1>
Low
1
New
Shares
Cities
American
Class
for Week
of Prices
Far
Mfg
Central
American
18
AUGUST
Sales
Range
Last
Sale Price
EXCHANGE
ENDING
S T U ti to. S
Week's
Friday
STOCKS—
York Curb Exchange
New
WEEK
FOR
749
% Mar
33%
Jan
33%
Jan
70
Mar
Jniv
l'/8 Aug
52
Aug
52
Aug
;
Monday, August 21, 1944
THE COMMERCIAL1 & FINANCIAL CHRONICLE
750
NEW
YORK CURB EXCHANGE
Week'a
Friday
stocks
Last
Curb ExcbanfO
New York
Range
of Fricea
Sale Frloe
Associates—
Eastern Sugar
v t c
v
k
preieueu
preferred
SO
$5
-
*8%
Washing Machine B
^
Economy Grocery Stores
Electric Bond & Share common—-—®
Easy
preferred
preferred
$5
$6
warrants—
Electrographic Corp-—--
95%
95
56
800
88(4 Jan
150
46(4
95% July
65(4 Mar
200
95%
57%
1
%
1
400
-*
30
25
14%
3,100
280
Equipment
Derrick &
——»
preferred—
convertible
X39 %
40%
J
Inc———
Eureka Pipe Line common
Eversharp Inc common
1% "l%
1%
Equity Corp common
\
7
39
41
———4
28%
42
4,500
& Airplane—
Metallurgical
Fansteel
30%
——
of Canada—
non-voting
Ford Motor
9,800
7%
700
7%
5%
5%
22%
877/« July
International Cigar Machine-::——*
3,8 Va
18
1874
800
14%
Jan
19
Aug
Feb
International Hydro ElectricPreferred $3.50 series.
14
11%
14
10.800
7%
Jan
14
Aug
15%
Jan
20% July
7%
Jan
10%
Jun
16 %
Apr
19%
Jan
1% July
July
41
Jan
Jan
7(4
Jun
34%
Apr
Aug
42
of France—
rets bearer—
—Vo*
(Peter) Brewing new——,—
Ford Motor
Amer dep
Fox
Co Distilling-—
Ptankim
22%
300
16% July
30% Aug
Feb
7% Jun
25% Mar
Apr
64
Apr
July
23%
23% July
23
3
Feb
3%
4%
16%
50
16%
-950
400
Jan
30
July
16
4% July
50
16%
Co.
.
$3 conv stock4% convertible preferred——1UU
—
50
16% Aug
10(4
Jan
17% July
37
20
18
Feb
52% July
58
'
'
:
-
.
;
50
.♦
International Metal Industries A
Aug
International Minerals and Chemicals^—
Warrants
8%
9
400
18%
19
3.700
—.
International Petroleum
Registered
shs—*/
coupon
shares——.
—•
-10
—
Products
•
com—.15
Utilities Corp
$3.50 preferred
19
—1
Mills—
.——*
preferred
—*
Investors Royalty—
—1
Iron Fireman Mfg voting trust etfs—*
Home
200
1%
8 (4 Mar
3
5,100
18
50
18
Aug
48
50
48
Aug
2
Aug
20
July
Jan
3
18
>49% July
1(4
1%
400
1
Feb
1% July
30/4
30(4
100
25
Feb
9%
9%
400
7
Jan
30% AUg
12% Jan
%
1,300
Equipment
Interstate
Interstate
19% July
16% Apr
7% May
48
3
——50
—
8
8
8
Hosiery
Interstate Power $7
u
%
% July
% Mar
20%
300
17%
9%
9*
9%
1.100
7%
Jan
11/4
1%
1%
1,000
%
Jan
1
—1
-—*
3%
2%
20% July
Jan
1
•
Apr
Irving Air Chute—
Italian Superpower A
20
2oy8
11
Aug
1% May
J*
Jun
4% July
Aug
16%
4
Feb
Jan
2
—w
6(4 July
19%
550
25
23
24%
r
Fuller (Geo A)
Feb
100
4%
4%
4%
1
—J
Malt common
Froedtert Grain &
Jun
11% July
3(4 Aug
19%
—
B voting
3(4 Aug
Aug
4(4
0
Class
Jun
400
44
5(4 May
400
l'/a
3%
58
56(4
1"
Feb
3(4 Aug
Feb
12(4 July
14(4
Feb
70
Jan
25% Mar
#
Class A
30%
27
7%
Co_—
—_—Federal Compress & Warehouse Co—23
Fire Association (Phila)
—iu
Ford Motor Co Ltd—
Am dep rets ord reg
Zi
Fedders Mfg
66(4
Apr
27
1%
10,200
Jan
Jan
1
4.800
120
7% Jan
1,500
3%
; 3
42%
46(4
3(4
77%
12%
10%
2%
55
2%
450
International
10%
10
50
52
53
,
"
950
100
preferred
1%
International Safety Razor B
3(4
*
J
Brewing-—-———
52
V.
■«»*»■:*
25% July
114% Aug
85%
Common
International
Inst Co——-—1
Fairchild Camera &
Falstaff
106
Feb
Mar
22%
50
'
58
F
Fairchild Engine
25%
11% July
84%
4%
50
25%
13V2 July
Jan
50
31%
1,400
28(4
13% July
Apr
85>
27(4 July
18% Feb
175
40%
6%
•
Esquire
1.800
Apr
11
900
12(4
50%
1% Mar
11,700
—;———.————1
12%
12%
10%
9
100
—.
1
High
Low
Insurance Co of North America-——10
Jan
8%
preferred
Range since January
High
12%
12(4
—
1%
Shares
Low
Indianapolis P & L 5(4% preferredLIOO
Indiana Service 6% preferred
100
Industrial Finance v t c common——-1
for Week
July
38
July
16(4 July
103% Jan
42(4 Mar
120
■.
Imperial Oil (Can) coupon
•
Registered
—
*
—*
Imperial Tobacco of Canada—
S
Imperial Tobacco of Great Britain &
*
Ireland
———£1
11
8(4 Jan
119
lie
1(4 Mar
Jan
34%
14%
14%
participating stock—
Empire Power
Apr
34%
National Watch Co———
Electric Mfg-—
Empire District Electric 6* PfJ-r"10!
10% Aug
(4 May
8% Feb
?
Elgin
«3
93(4 Mar
102,600
56%
Emerson
Emsco
Jan
10%
92
f
Jun
14(4 May
7% Jan
10%
91%
15%
Feb
9(4 July
83%
15%
10%
15%
48(4
Jan
5
16
92
2d pfd A——
Option
2,000
100
*
—---—rr~r
& Light
Electric Power
8%
8
35% Jan
300
40
40
——
-
Par
High
Sales
Range
Sale Price
Range since January X
Low
Week's
Last
New York Curb Exchange
Shares
of Prices
Friday
STOCKS
Sales
..
for Week;
High
Low
Par
AUGUST 18
FOR WEEK ENDING
RANGE
Jan
Jan
74
Jacobs Aircraft Engine Co
Jacoos
i-P L)
Co.—
Jeannette Glass Co—
i.
pfd—100
Jersey Central Pwr & Lt 5%%
3%
4
900
>11%
12
14.300
V.
11%
1%
Jan
96
50
87%
Feb
101
10
4
12%
Jan
2(4
Aug
Jun
5J/4 July
97
July
Feb
Jan
107
18
101
July
101% July
100
95(4
96
100
100
•
preferred
preferred
Julian 8t Kokenge Co
6 %
5
100
4%
4%
>
Jan
120
92
20(4
July
Apr
K
X
■/__
Gatineau Power Co
5%
common—*
.
Feb
8
Jan
70%
Feb
78
Jun
1(4
Jan
3(4
300
12
Jan
1% July
15 V2
300
12%
Jan
4j/2
500
7%
—
——100
preferred—
Gellman Mfg Co common——
2%
2%
100
General
1%
1%
15 %
4 »/s
—I
Alloys Co—————*
£1
—1
10
dep rets ord reg—
General Finance Corp common
Amer
preferred series A—
—
4%
•
19
preferred B—*
—
General Outdoor Adv 6% pfd
100
101
General Public Service $6 preferred—• •
—
General Rayon Co A stock—-———*
—
General Shareholdings Corp com
1
$6 convertible preferred———*
87'A
Gen Water Gas & Electric common—1. —
$3 preferred
——:—
—*
51
Georgia Power $6 preferred
—•
—
$5 preferred———
—*
—
Gilbert (AC) common
~
——*
—
Preferred
————*
Gilchrist Co-———
—*
—
Gladding McBean & Co—
—*
—
Glen Alden Coal——————•
16%
101
—
400
14%
Aug
101
Aug
84
July
2% July
Jan
%
Jun
75(4
Jan
2(4 Mar
88(4 Aug
8%
Jan
12%
Jun
41%
Jan
51
Aug
1%
330
51
125
113
113
25
—
—
49%
111
100%
10
—
10%
—
16V2
12%
>
11% Mar
37%
Apr
44
44
13%
1,000
(4
6,200
9
Feb
y»
110
Jan
Jan
stock-———•
preferred-—
———100
Non-voting, common
1st
41
33(4
60
X40%
150
3oy4
1
"9%
Jun
821/4 May
Feb
33(4 Jun
4%
7
1,200
Jan
83
.
Jun
,9« July
7% May
81/4
Jun
Jan
11%
Feb
Jun
93(4 Mar
Great Northern
—28
:—*
Paper-.
Greenfield Tap & Die—,—.
•
—
—
•>■
Grocery Stores Products common—25o
Gulf States Utilities $5.50 pfd——
34%
132
7V4
100
5
5%
'•
—.
I.
—
-
136% Aug
Jan
35% July
6%
Feb
8(4 July
5% Aug
31/4 Mar
1,800
;■
preferred
———
——*
Gypsum Lime & Alabastine———*
$6
;
Jan
29%
250
7(4
5%
■
--
34 %
—
——
Kirkland Lake G M Co Ltd—-
__1
Klein
July
191/4 Aug
111%
5%
,'1.^
112
112
'
..
Kleinert
common
—
—
•'
—
108
Jun
110
Mar
6
3%
3%
2,500
4(4
4(4
4(4
200
111%
X115
Jun
Jan
May
10
July
1
\%
-
;
Rubber Co
(I B)
Knott Corp common.:
Kobacker
Stores
-
*T—
-
preferred
Kresge Dept Stores—
4% convertible 1st preferred
Kress (S H) special preferred
Kreuger Brewing Co
100
Lackawanna RR
100
Koppers Co 6%
Feb
July
"
Feb
4
Jan
5% Mar
I
-
460
109
IOO1/4
11
Aug
21
May
Jan
109
Aug
96%
96%
10
84%
11%
100
10
1
12% Mar
Feb
Jan
16
h
16% July
Feb
Mar
12
—
'V-'
11%
1,200
11%
7%
Lamp Co———
—-—8
Bridge Co Ltd-—-—*
Paper———
10
Hartford Electric Light—
—25
9%
Hall
9
9'/a
700
25%
300
Hartford
voting trust ctfs_—-1
Brewing Co
—3
Rayon
Harvard
25%
~2
Jan
Feb
13%
■
Jun
Lane
Wells Co
58
16(4
17*
37/s
3%
9(4 Mar
3%
37
12
4
3%
*
2%
Jan
400
2%
Jan
105%
Feb
Class
21
Convertible
preferred
Leonard Oil Development
Le Tourneau
(R G)
1,
1
Inc
Line Material Co..
Lionel
Lit
Feb
26% Mar
6(4
Aug
Mar
Feb
25
Apr
5(4 Mar
39
Aug
1% July
1(4
1%
1%
13,600
iV Jan
27 %
26%
27%
900
26(4 Aug
29%
13/4
13%
500
10
13% Aug
200
Apr
Jun
10
common.
Groceterias
Locke Steel
Class
13
13%
10% Feb
25
24%
24%
100
22%
Feb
25%
*
—
2%
3%
500
1(4
Jan
3%
Jun
18%
Jan
20%
Apr
*
A
Chain
17%
50
15
Feb
9%
9%
2,100
8
Jan
Exploration
Louisiana Power & Light $6 pfd
Lynch Corp common
Aug
1%
Jan
Feb
8
May
10
109%
Jan
113
May
26% Mar
32
July
51
750
49
7(4
7%
112
32%
200
21/4
31(4
Jun
10
6%
250
68%
112
17(4
:
6,400
2,000
74%
67
7%
Jun
Feb
1%
73%
68 (4
1
•
0
&
July
il
1(4
1
100
preferred class B
Land
17%
9%
5
common—10
Long Island Lighting common♦
7 % preferred class A
,100
Louisiana
Jun
14
Lone Star Gas Corp new
6%
July
14(4 July
3
.
280
39
37
39
5
Corp
Brothers
Loblaw
•
25
1,009
4;4%
1
4
4%
110
Jan
5
•
B
-
;
Jan
9%
Langendorf United Bakeries class A—•
Lefcourt Realty common
18% July
Jan
1,700
1
common
2,100
Jan
75
Jan
68(4 Aug
July
•
—25
Preferred
Henry Holt ft Co participating A.
Common
Heyden Chemical common—
(R)
& Co class A
.2.50
10
—;
Si
Baking Co——*
——*
Hardart—.,
preferred
Humble Oil & Refining
Hussmann
—100
—5
*
5
*
—1
-——1
——»
-
Hubbell (Harvey) Inc.—
Hummel-Ross
7(4
Jun
Marconi
900
Fibre
Ligonier
——
Co
Huyler's common-
—
—
1st preferred
Hydro Electric Securities-,
•dygrade Food Products
—.—
Apr
Jan
6%
Jan
Jan
30
7% July
48
Jan
July
convertible
Consolidated
Internat
5%
18%
18%
18%
7(4
8%
500
10
Jan
13%
13'/4
200
11%
Jan
13% July
McCord Radiator &
12
200
9(4
Jan
12
McWilliams Dredging
Mead Johnson & Co
26
Jan
Mar
16%
16%
16%
100
14%
20%
20%
21
600
18
29
29
10
ioy4
37%
37 y2
30
6(4
61/4
,100
28%
28%
150
—
V
•
200
1,800
;
24
May
May
28 (4
Apr
23
May
4(4 July
Jan
16% Mar
May
22(4 July
Feb
8% May
13% Mar
Jan
May
Jan
6
(4 Aug
119
Apr
30
Jun
Aug
19%
450
17 %
Apr
41(4
40%
4iy2
1,600
38%
Jan
6%
1,100
11
10%
Chapman
Warrants
113%
Apr
20% Mar
4.5%
Jun
4
Jan
7% July
6%
Jan
xll% July
5 % conv
preferred
arrear
Illinois Zinc Co
Imperial
•
Chemical Industries—
~
Am dep rets regis
For
footnotes
see
page
753.
1,100
2(4
1,800
v
t
West
5
4%
8%
"2%
100
2
2%
4
f.
3%
42
2%
4
8%
3%
7(4
Corp
3%
•
8%
44
Aug
116
Mar
2%
600
1%
7%
9-
-rlOO
12%
Jan
Jan
1%
400
Jan
5%
8
Jan
:i 3(4 May
9%
>
Jan
:,1K4 Aug
1,700
9,200
22%
22%
22%
400
20
Jan
26V*
26(4
27
275
23%
Apr
Jan
4 % July
Midland
Oil Corp
Jan
29% July
Midland
.
•
9% July
13% May
Steel Products—
3(4 July
7% July
6
2%
2%
4(4 July
8% Aug
1% Aug
U Mar
900
7,700
•
*
4% Apr
4,550
1%
7%
Apr
11%
20%
May
Jan
Jan
2%
100
4
Jan
36
110
11%
600
Aug
2% Aug
50
2%
41/4
2(4 Aug
110
Jan
11%
24%
8(4 Aug
Jan
—5
common-
Jun
July
10
'
12
-
2%
300
r
.
9
1%
7%
1%
35,000
>
44
113% 113%
•
■%
99(4 Mar
25
XlOO
July
4% July
81
Jan
6
2,400
2%
161
Jan
Jan
41
300
Jun
8% July
13
Jan
3(4
2,400
8%
8(4
X100
10
4%
80
79
80
—;
138
70
158
158
~4%
————_1
c
8%
8(4 Mar
1
I.
12(4
12%
900
9(4
Jan
13%
Jun
$2
conv.
preferred—•
$2 non-cum dividend shares—^.*
Midvale Co common—
Abrasive
Oil
•
Co
-
-
Midwest
Piping & Supply—
Mid-West Refineries—,
9
9%
1,600
4(4
Jan
10% July
49%
200
43(4
Jan
50(4 July
Minnesota
13 »/4
1,600
9%
Jan
15(4
Minnesota PwrAi Light 7%
10%
11
150
9%
Jun
13
5%
Jan
6% Jun
-
Mining & Mfg....
Voehringer
1,200
110
8%
8%
400
1
.J*'
common
common.--
II
1% "2%
,
10
Jan
1% May
.
Mar
24
Jun
,30
July
2% Aug
61%
8% Jan
9
July
22
July
2%
1% Mar
1%
200
57%
61%
450
52
97%
114% 115
40
109 %
8%
*
24
23%
24%
Feb
500
1%
100
2.50
t
15% Jan
pfd—100
Mississippi River Power 6% pfd—
Mock Jud
2%
.*
12%
July
2(4
_*
Mining.Corp of Canada
49%
Apr
9
50
—
Missouri Public Service
£j
7
11
Jun
1% Mar
Jan
674
Jan
9
Feb
10%
100
;
i._
26
U Jan
6%
7
Micromatic Hone Corp
2
Middle States Petroleum class A vtC-1
Class B
Jun
5% Aug
Jun
Jan
11
•
———
3(4 July
13%
—
800
•
-
Scott
—
4%
—50
ctfs
&
Preferred—
Midwest
Dividend
:
common
:
.
4%
1,000
T1 xtile Corp.
25c
Participating preferred.
,—15
Metropolitan'Edison $6 preferred
Michigan Bumper: Corp neW—
;
1
Michigan Steel Tube—1—
2.50
Michigan Sugar CoJ—J—L
*
Middle
Jun
July
33% Mar
18(4 Aug
•
common
24%
»
1%
8%
Metal
33
July
25% Jan
Merritt
Stores
Jan
15(4
]I
common
1
7%
•
Memphis Natural Gas
Mercantile
85
*
Jun
Mar
19%
400
1
c
Mfg B
11%
13
116
11
130
•
t
v
common
6%% A preferred—
Messabi Iron Co
;
40
3%
Massey Harris
Jun
Jun
110
6%
Mass Utilities Association
32
12
V'-,.
__£1
•
3% Aug
—
5
100
8%
100
■
:
5%
•
17%
19
10(4
31% May
♦
Ltd
Co
2,100
12
im-
Co
Marion Steam Shovel-
x8%
9*4 July
2%
Feb
81
Marine
Communication
11%
13%
;
Margay Oil Corp
Mid-West
Illinois Power Co
Mfg
5%
Jan
Jan
1%
300
9
•
•
preferred
17%
.
5
—
Apr
3(4
41(4
$5
—.1
~7(4
—
Corp..
5 (4
26(4
6%
5%
Mapes
900
,—1
Co common-——
H«rn & Hardart
Apr
6(4
10%
Horn
4(4
6(4
Consolidated G M———-8
Hoiophane Co common—————*
Border's Inc—————*
Hormel (Geo A) & Co common..
—*
Holllnger
Horn 4A O
Jan
•
Hewitt Rubber common-—.———5
Mengel Stores
2(4
1
——
Aug
200
6%
—2
common——.——.
Manati Sugar optional warrants^
52
2(4 July
~6%
—•
Class A
M
Jan
July
Feb
3%
...-———25c
——
Jun
5
27
Jan
;
59(4 Aug
Jan
890
2,800
59%
16%
—1
5
100
Lakey Foundry & Machine—
Corp of Delaware:
Lane Bryant 7% preferred
59
1
Lamson
1%
—
Helena Rubinstein
Hoe
3%
9%
•
.
'
9
L
(N J)
Lake Shore Mines Ltd
2,100
50
Hec,a Mining Co.
Co
2
6%
non-vot com—I
—•
5
preferred
Heller
1%
3%
Hearn Dept Stores common-
6%
Jan
Jan
xl9% Mar
47
-—-—
Hat Corp of America B
Hazeltine Corp——
24%
5%
5
Hamilton
:
96% AUg
Jun
200
9
H
Hammermill
j.
l'/a July
(4 May
15%
8%
108
;•>
55
2%
•
''
109
Jun
Jan
4%
.
*
Inc
Jun
67% July
500
I
'
J
'.
113
Feb
45 %
—
"3 (4
1
5y2
Jun
Jan
'
'
■
Co
Jan
56
'
.
•
_10
__1
(D Emil)
Lipton (Thos J) Inc 6% preferred
& Pacific Tea—
Great Atlantic
7%
41
Aug
Aug
13% Aug
Jan
104
5%
32%
Mar
Feb
Apr
,_r
9(4
Jun
13%
•
—
Jun
51%
16
Jan..
■
———•
$3 preferred
*
Gorham Mfg common————10
Grand Rapids Varnish—
—1
Gray Mfg Co—.——
——-8
Feb
12
•
'
106(4 May
6,300
12 %
Goldfleld
Gorham Inc class A,.
124
W—
——
113% July
Jan
17
"r6
.
preferred—.
————*
Consolidated Mines——.—1
Mar
May
100
16%
44
9%
—
—
Feb
51% Mar
*
42 %
«•—-*
B—————
Class
$7
133
74
88(4
x86 (4
—
r*
Jan
Jan
—
—
Godchaux Sugars class A—
Feb
Jan
115
■■
——
July
4% July
8% May
21(4 July
79(4 Jan
10
40
—
;
16
_
19 Vx
133
101
19
133
Jas & Elec $0
3%
8
——
—
General Fireproofing common
Gen
July
■
■
181/4
17%
18%
9'4
20
„v
__
-
Ltd—
Gen Electric Co
5%
Jun
preferred—100
Kennedy's Inc
:
-5
Ken-Rad Tube & Lamp A
*
Key Co common.
'*
Kimberly-Clark 6% pfd
;
100
Kings Co Lighting 7 % pfd B——100
5% preferred D
100
Kingston Products
—1
Kirby Petroleum—
—1 '■
9% Mar
650
Kansas Gas & Elec 7%
1,200
14
3(4 Jply
2
Aug
Mar
65
May
Jan
105
Jan
July
115
Aug
11% July
Jan
24% Aug
Jan
*
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
160
751
NEW YORK CURB EXCHANGE
RANGE
Week's
Friday
STOCKS
Last
Curb Exchange
York
New
of Prices
—1 /
Molybuenum Corp
common.
Society A
—
Monroe Loan
Utilities
•
•
partic pfd—:
Investors
175 %
•
Montreal Light Heat & Power
Moody
Mountain
3%
3.300
2%
Feb
4% Mar
Pitts Bess & L
100
1%
Feb
2y8 Mar
8
100
7
July
Pittsburgh & Lake Erie
Pittsburgh Metallurgical
50
165
May
36%
-
-
175%
175
Mountain
States
Co
19
Feb
37% Aug
Jan
10 y4
Jun
1%
i%
lVe
1.200
1% Jan
2
6%
6 Vb
6%
1.100
5%
Jan
6% July
Feb
21% July
18
100
127
Pitney-Bowes
Plough
common
Scale
Pneumatic
Powdrell
20
Apr
136% July
200
13%
Jan
18% Aug
150
11%
Jan
14% July
Premier
6y2
Jan
10% Mar
Prentice-Hall
Jan
80
76
64
10
76
Mar
of Canada
Power Corp
Gold Mining
Inc
America
Gas
Providence
Hess common
7%
City Lines common
National Fuel Gas
National Rubber
Machinery
National Transit
Co
Oil
Nelson
Corp
England
New
Haven
New Idea
7% July
Jan
13% July
Apr
12
18%
Apr
Feb
Jan
9% July
200
11%
Jan
13 % Mar
Jun
2% July
Quaker Oats common
6%
preferred
Jan
7% July
Quebec
13
g-
5%
6y8
2.800
3V2
28%
100
26
Jan
80
110
28%
111
~8%
112
~8%
~8%
9
•
Jan
120
7%
Y
Auction
N
Y
City Omnibus warrants
N
Y
&
N
Y
Honduras
Power &
$6
N Y
Feb
104
63
Apr
109%
Jan
62%
1,100
Apr
N
10
2%
200
54
2%
35
Jan
Mar
3%
Voting
Jan
21%
300
14%
Jan
30
Y State Electric & Gas $5.10
14%
Apr
11%
Jan
20
112%
Jan
117
102
Jan
Y
Water
Service 6%
pfd
300
13
Jan
5%
1st
410
109
May
111
Jan
65%
60
60
May
75
Jan
3%
39,000
2%
Apr
425
74%
Feb
79%
5%
2d
preferred
preferred
A
B
80
68
68
70
optional warrants
65
11,000
1/128 1/128
1/128
optional warrants
Class
3
79%
68
100
Class
14%
65%
3%
Rochester Gas & Elec 6%
Class
A
•
preferred
Niles-Bement-Pond
14
100
14%
3,600
_
North Amer
$6
V—
Jan
107% Aug
Jan
2%
600
1%
Jan
6,500
4%
Jan
1%
4,700
%
Jan
112% 114%
112%
*
preferred
Class
6%
B
Rayon class A
175
103
Jan
2%
1%
prior preferred
American
North
RR
Penn
120
Apr
States
Novadel-Agene
11
11%
37% July
37
2.4.
'
'•>»
July
54% Mar
%
Jan
1% Aug
4%
Jan
5%
7
Jan
12
Aug
87
Jan
87
Jan
1,400
10,600
-V
•
Apr
107
107%
25
'
Jan
52% Mar
■'
11%;
"■
•'
pfd.100
100
14%
class A
Power
27% May
28
'J ^.4,-*' V
50
Co
,
1%
1%
1%
—
1
preferred
Northern
'V.w
50
•
5
Public Service 6%
Nor Indiana
7%
Texas Oil
Airlines
Northeast
North
Utility Securities
Central
Northern
•
■
107%
420
104
Jan
108
Mar
115
115%
70
113
July
116
Mar
14%
6,200
26%
300
14%
26
Corp
Ryan
23
Jun
15% July
Jan
7%
27 % Mar
Ohio
Edison
Ohio
Power 4%%
Ohio
Public Service 7%
6%
1st
$6
preferred
preferred
x.-l
4%
Feb
4%
1,100
275
109 % 110
114
114y2
30
107V2 july
112%
Feb
20
112
Feb
115 %
Apr
115
Jan
117
Jan
113
Jun
•
.....
.
108
24% July
Omar Inc
Jan
27% Aug
6
Aug
7% Mar
8
Feb
9
6%
Jan
9% July
1
Securities
26Vb
27%
15
,
•
27Vb
1,800
._
18%
Jan
1
common
St
Lawrence
Class
St
Regis
pref
5 %%
Co
Savoy
Oil
1st
Power
Pacific
$1.30
1st
7%
34
200
108
20
108 /
1.300
common
~5%
Mar
~5%
300
$6
preferred
Steel
Scullin
Paramount
*7%
~8%
28,800
__1
Corp
Securities Corp General
Bros Inc
$5.50
Plymouth
Mills
$1.40
Telephone
preferred
Sentry
Shattuck
Mining
Power
Denn
cum
common
pfd series AAA
Breweries
Ltd
15%
Jan
35% July
106 y4 Mar
109% May
Simplicity Pattern
106% July
Gas & Elec class
Penn
$6
Power &
A
Jan
6
Feb
5
Jan
Jan
20% May
Feb
82
Mar
6%
Apr
9
Jan
Mar
9
Silex
Light $7 preferred
preferred
Co
common
$3
convertible
preferred
common
Aircraft
Solar
Manufacturing Co——
32
Jan
50
Mar
Sonotone
Co.
.
Corp..
Penn
Salt
Mfg
Co
Water & Power Co
Pepperell
Mfg
•
Co
..
I
Perfect Circle Co
5,500
2%
Phila
106 Vb 107 y4
440
Packing
Securities
Pierce
Governor
Pioneer
Gold
For
II
page
753.
16%
3%
Apr
13
13%
350
10,000
4%
5%
15%
15%
Vb
300
4
4
3,400
40
107
107
105%
12
Jan
14%
3%
1,700
2%
6%
6%
600
5
200
Feb
14 Vb
Apr
18%
Apr
15%
Feb
18%
6%
18%
108
Jan
3
July
1% Mar
4% July
1% July
Aug
10%
14%
3
16
Jan
200
Jan
13% July
5% July
li May
2% May
% Jan
1,700
1%
3%
11
Jun
2%
26% July
3% Jan
200
%
5%
44%
21% July
11% Jan
1,100
Aug
3 Vb July
7%
17%
19
Jan
18
8
Jan
10
3%
300
Jan
17
Jan
Jun
Mar
v.
4%
Jan
May
Jan
3%
3%
7%
6%
7%,
3,800
4% May
7% Aug
4%
4%
4%
3,400
1%
4% Aug
2%
2%
400
2% Mar
6%
20,400
11% May
4% May
—
--
—
5%
—
8%
5%
42%
Jan
—
19
19
85
10%
3%
32
200
14
—
July
2% July
Feb
19
Jan
July
3% May
1%
Jan
50%
Jan
75
200
—
2%
July
6% July
46 %
Jan
550
27%
Jan
35% Aug
150
85
10%
3%
3%
10 %
6,600
2"%
10%
July
6% July
Jan
125
70
34
84%
—
2%
3,400
3% July
15
Aug
1%
2%
66%
34
2%
70
34
8 Vb
5,100
9
6
43
64
Feb
93% July
Jan
2%
Apr
3%
Jun
40
Jan
48 Vb
Jun
1
Jan
8,500
2%
10 %
1%
1%
10 V
__
77%
—
12 % Mar
9%
400
—
10%
Jun
400
■
10
•
5
•
25
100
2% July
Jan
11% July
16%
Feb
22
1%
10%
1,900
%
Apr
1,200
6%
Feb
10%
Aug
81%
100
67
Jan
81%
Aug
69
Jan
77% Aug
U
1,700
%
Jan
3%
Jan
9%
9%
3%
3%
12% 12%
102% 104
100
6%
Apr
2,100
2%
Feb
6%
2,900
July
1% Mar
45
Jan
94 y2 Jan
Jan
2%
July
Jun
107% Aug
103
Aug
Penn
Aug
Apr
115%
Feb
110 %
Jan
26
Jan
32
Jun
Jan
4
July
Apr
275
Jan
25
21
21
_.
•
J
common
common
Oil
1
1
1
1
1
25
10
Pa
Pipe
100
12%
Jan
18% July
Stahl-Meyer
9,500
104
16
16%
3%
Feb
Jun
16%
3%
Apr
91%
Aug
34% July
Jun
3%
258
3%
3%
258—f
258
90
2%
125
Jan
150
Aug
Jan
36
Aug
Jan
8% July
8% May
11% Aug
1%
Jan
33 Vz
8
Jan
July
3% Aug
Aug
Standard
Inc
Brewing
2.78
111
4%
5%
2%
8%
—
..
16%
12% Mar
Jan
Jun
16%
16%
25
4%
5%
2%
6%
3%
42%
4%
5%
3,600
2%
Jan
1,400
3%
Jan
6% Mar
2%
Feb
3%
4%
Jan
8% Aug
3
8%
3%
42%
2,800
7,500
.
4% July
Apr
Jan
3% Mar
40
Apr
45% July
28
Mar
2%
200
300
—
—
31
July
43%
Mar
37
Jan
Aug
31%
30%
__
31%
30%
100
29%
Apr
32%
300
29% Jan
31%
Feb
,1%
—
1%
100
2
July
67
Jan
71
July
121
July
130
1%
Jan
__
v
11%
8%
11%
7%
42%
__
__
6%
Jan
11%
8%
100
4%
1%
9%
5%
Apr
Jan
13
Aug
July
9% Jun
45
Jan
% Mar
__
10O
1%
IOO
1% July
Feb
1% July
%
5,900
4%
3% May
.
__
6% July
40
470
45
Jun
Jan
9% Mar
500
2,600
%
|j
5%
8%
6%
•
Co
Jan
108
4% Aug
Feb
—
...
Southern
Jun
229
,
Southern
Mar
29
2%
100
—
7%
Jun
68
3%
Apr
Jan
12
13 %
Line
Southern California Edison—
5 % original preferred
25
6% preferred B—
25
5%% preferred series C
25
Southern Colorado Power class A—25
Apr
61%
13%
100
400
15% July
Apr
25
104
Aug
3%
21
Jan
29%
500
—
1% July
6
10 Vb July
Feb
5%
169
—
__
21
22%
Mar
V
__
12
600
161
_.
•
3,800
11%
7%
•
Jan
2%
26
1%
--
7%
25
29 %
1
Ltd
see
Mar
%
July
31
pfd
12%
5,700
2%
10%
34%
250
450
145% 145%
.
common
Mar
20
7,500
2%
—
33
166
64 %
63V2
_•
common
footnotes
74% July
7
Co
Mines
Jan
2% Mar
100
48
51%
41%
9
6
preferred
100
New England Telephone__100
Phosphate Co
10
Southern Pipe Line.l
10
Southland Royalty Co
5
Spalding (AG) & Bros
1
1st preferred
V
Spanish & General Corp—
Amer dep rets crd bearer
Amei; dep rets ora regis
Spencer Shoe Corp
•
162
64%
10%
Electric Power 5%
Phoenix
Southwest
90
common
Phillips
South
Jun
1,200
2
Pharis Tire & Rubber
Philadelphia Co
Jan
5%
43
5%
2.50
_.
38
33%
Jan
64%
50
Traffic Co
Penn
South Coast Corp
Jan
Apr
4%
34%
29
5%
•
Penn
22% July
51% Aug
2%
26
Jan
42% July
Jan
51%
July
Solar
107%
«
Jan
38%
25%
July
July
15%
41%
6%
Manufacturing Co
100
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
£1
Sioux City Gas & Elec 7% pfd——100
Smith (Howard) Paper Mills
*
Jun
•
i7«
Jan
1%
16
Simmons-Boardman Publications—
May
•
com
May
11% July
Apr
40
21%
Singer
32%
Jun
July
34
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred
•
Penn
85% July
157
*
*
Canada...
of
22
25
*
Shawinig'in Water &
Jan
5%
Jan
Apr
Jan
1%
800
1
1
Safety Control
Serrick Corp class B
Jan
1
71%
149
200
5
Seton Leather common
16%
•
common
A
Pennroad Corp common
U
21%
20
25
Soss Manufacturing
Peninsular
13% July
6,500
•
*
1
prior stock
*
Si Reel
May
14% July
Jan
Allotment certificates
24
.10
Rig
1%
U
U
1
Shoe Co—
Selected Industries Inc common
Convertible stock
Selby
i
Co
17
Jan
Jan
12% Jan
*
1
*
common
38
6%
common
Motors
Pen
110
153
1%
1%
*
—
Co
Jan
80
preferred
Parkersburg
Jan
Jun
11
80
82%
81%
1
25
Scovill Manufacturing
25
Scranton Spring Brook Water Service—
Jan
19
"5%
13
151
Schulte (D A) common
Convertible preferred
35
96%
Service
Page-Hersey Tubes
Patchogue
37%
100
pfd
Pantepec Oil of Venezuela Am shs_.
Parker
37%
34
37%
$5 preferred
& Light
Public
,
.25
preferred
Pacific Lighting
Pacific
.25
1st pfd
common
Co
Co
13
common
6%
93 %
250
8%
1
1
*
Mills
Schiff
Sick's
Can
350
13
5
•
United Corp
Samson
Sanfovd
5%
Gas & Elec
14% July
104 % Aug
10%
13
1
Paper common
Oil Co
Dome
Sherwin-Williams
Pacific
118
Jan
10.700
11%
•
50
Corp Ltd
$2 conv
A
Sherwin-Williams
Pacific
Jan
July
18%
*
Gas
Filters B
United
Overseas
110
100
100
3% May
22%
22
—
100
[preferred
Oklahoma Natural
Oliver
1st pfd
•
*
common
4%
4%
4
class B
Co
Brass
8
Apr
103% 104 %
1
—„•
-1
Segal Lock & Hardware
Seiberling Rubber common
O
Ohio
10% Aug
Jan
*
& Haynes common
Ryerson
Seeman
Ogden Corp common
Apr
108% Mar
2%
Aeronautical Co
Consolidated Petroleum
Ryan
Jun
100
36
35%
6%
7% Mar
Feb
11% Aug
400
35%
35%
35%
•
*
common.
Co
Russeks Fifth Ave
Salt
North American
Jun
% Mar
14% July
11%
1
10% Aug
11% July
8%
1
Light & Power common_-l
.
Jan
common
Royalite Oil Co Ltd
-fa Mar
2%
-
10%
1
Electric
Noma
Jan "
Jan
32
14%
13%
14%
100
*
5
5
1
20
pfd D
convertible preferred
$1.20
i' 6%.July
9 %
•
Petroleum
Root
Jan
Jan
10%
.i.
•
1
5
Mines
Nipissing
July
1A July
114 Vb
1
1
t c
Roosevelt Field Inc
Jan
A
Cable Corp
Rome
t
L. iJ"
"
Nineteen Hundred Corp B
77
Apr
105
'
13%
100
%
Inc
Roeser & Pendleton
Jan
Vb
•
%
x6
May
3%
5%
'•
6 Vb
.'' hiim*
1,500
7%
warrants
Rio Grande Valley Gas Co v
Jun
83% Jan
1/128 Feb
*
5
100
Niagara Share class B common
10%
34
48 %
108
10
1
10
•
Co. common
Radiator
Richmond
17% Mar
65%
10
100
.
Niagara Hudson Power common
1,500
7%
July
Jan
6 %
3.200
i7<T
7
Jan
10%
common
Richfield Oil Corp.
106 % July
110% 111
pfd.100
100
10%
%
8%
preferred
•
Manufacturing common__50o
Red Bank Oil Co
1
Reed Roller Bit Co
•
Reliance Electric & Engineering
5
Republic Aviation
1
Rice Stix Dry Goods
•
Jun
20
14%
9%
-16
$3 convertible
4% July
100
14%
_.l
;
10%
Raytheon
Shipbuilding Corp—
shares
Jan
13
43
!Ioo
Raymond Concrete Pile common
10% Mar
116%
14%
116
26%
16.800
Co
Power
Rath Packing
Mar
35
Jan
3%
105% 105%
10
preferred__100
•
Light 77c
100
1%
10
Railway & Utility Investment A
Feb
7%
/. ;-
"
-
29%
28%
28%
33 %
1%
Railway & Light Securities
64% July
-
33 %
1%
Jun
10% Aug
R
20% July
~
Jan
Radio-Kelth-Orpheum option warrant!.
13% July
Mar
~
Jan
5%
•
Jun
6%
18 %
-
V
•
5%
100
•
5
Pyle-National Co common
Pyrene Manufacturing
Aug
100
V.,
••
preferred
$5 prior
20% Mar
100
'i.-.
■*''
»
Rosario
preferred
Founders
N
common
Merchandise.
Y
N
Co
4,800
6 %
—10
•
Puget Sound Pulp & Timber
Apr
Jan
18
•
1st preferred
Common
'
•
N
1.700
10 %
6 %
100
100
1st preferred
7%
Feb
Jan
47%
V
6%
July
12%
2%
4%
Jan
3%
9%
Jun
9
19%
x61
:r
2
3%
9%
July
9%
19%
1
:
500
>
.
Mar
Jan
88
Jan
12%
'
New Process Co common
;
„*
104% 105%
19%
25
Land
114
Apr
4%
400
63
'
V
,
15
Feb
29% Mar
May
3
61%
I.
May
25% July
5%
63
Jun
17
July
6V2 May
•
100
Jun
5%
13% Aug
3%
Puget Sound Power & Light—
Jan
85%
•
Arizona
700
24%
2.200
112
13% July
121%
Jan
15% July
9"%
500
2%
•
Co
Zinc
&
Jan
1%
100
Tel & Tel
Clock
New Mexico
Apr
6.000
1%
•
Inc common
New Jersey
11%
12% July
•
class A__
preferred
New
14% May
11%
13
28%
100
•
5
•
England Power Associates..
preferred
:
$2
44% Mar
Feb
2%
;■
*
preferred
1st pfd
(Herman)
Nestle Le Mur Co
6%
Jan
12
8%
12%
23%
24%
13
30o
Neptune Meter class A
New
35
10
1
common
'.
Nebraska Power 7%
Nehi Corp
150
12
12.50
Radio
Union
Navarro
35
1.400
13%
Xll%
•
10
:
...
National Tunnel & Mines
national
Jan
*
Ltd
Car
Sugar Refining
Tea 5V*% preferred
National
32% July
14,300
38
12
12%
•
•
•
National Refining common
National
2% July
Feb
4%
38
,13%
13%
*
Mfg & Stores common
National Steel
Jan
500
2%
2%
28
•
50c
Candy Co
17 y4 Aug
Jan
1%
17 y4
17
25
National
National
2%
•
common
preferred
National
17 %
14%
35
•
1
Corp
Bellas
100
13%
of Colorado—
Public Service
Nachman
Jan
Jan
3%
Jun
42% July
63
Jun
13%
13%
1
*
•
of Nevada
Corp
Prosperity Co class B
N
National
11
95
400
5
4
5
•
1
common
of
Metals
Pressed
Producers
National Breweries
50
1.900
Jan
1
Pratt & Lambert Co
14%
.100
11%
117% 120
120
Apr
55%
5
*
•
Alexander
&
17%
common
11%
130
62 Vb
25c
Polaris Mining Co...—
14 y2
14 y2
61%
61%
10
common.
High
9%
Jan
Jun
17%
■2 %
Low
7
700
37%
50
10
25
1
7.50
Plate Glass
Valley Wine Co
Inc
Range since January 1
Hiah
50
Pittsburgh
Pleasant
Shares
99
9
E RR
134y2 134%
*
Co
preferred
6%
Jun
Apr
28%
250
36%
36 %
•
common
Muskegon Piston Ring
Muskogee
Aug
15%
;
9
States Tel & Tel
Mountain
8
178% July
10
Power
Murray Ohio Mfg
July
5o
Producers...
Meter
2%
Mtge Bank of Col Am shs
Mountain City Copper common
Postage
2Va
8
•
Ward A
Montgomery
12
for Week
of Prices
Low
Par
High
Sales
Range
Last
Sale Price
Range since January 1
Low
Week's
Friday
Exchange
3%
—10
Dakota
Montana
'
8% Mar
3%
,•
Curb
New York
Shares
2.100
10%
—1
18
10%
10 %
2%
—1
Pictures
Monogram
AUGUST
STOCKS
High
Low
Par
ENDING
Sales
for Week
Range
Sale Price
WEEK
FOR
2%
Jan
& Feb
5% Jury
4% Jul?
1%
Apr
Monday, August 21, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
NEW YORK CURB EXCHANGE
FOR
RANGE
STOCKS
.
'
la<(
Exchange
York Curb
New
25%
10
JL
20
-10
—100
1
e%
Sterling Aluminum Products
Sterling Brewers Inc
Sterling Inc
(J
Stetson
Co common
B)
2%
2%
58%
14%
15
8%
8%
Machinery
Swan Finch Oil Corp
13% Jan
15%
52
15%
.150
12
Jan
10%
>100
9
Jan
12
100
3%
Jan
6
1%
Jan/
8%
2
1%
12% J
12
16
13
Feb
950
A 11%
Aug
17
2
Aug
14% July
12%
Jan i
17
I
Tampa Electric Co common—
Technicolor Inc common—
•
Texas Power &
Light 7%
Aug
15%
Apr
Apr
11
■.
Textron Inc
May
Tilo
Co
Product
Tobacco
~6 Vb
12V2
Aug
Mar
119
900
7%
Apr
150
19%
Feb
11%
3.000
6%
Jan
11% July
7%
7%
800
1
Jan
"4% ~4%
200
—
—•
■
57%
■**"
Exports
60
Jun
3%
9% July.
Feb
Jan
4%
-
Trans Lux
Corp.
100
100
1
58
108
20
106
July
"i-% "1%
22%
21%
1
1%
~8
"i%
12%
12%
'l-
Jan
24%
Jan
Feb
1% July
4% July
H Mar
2,200
Jun
IV4 Mar
9% Mar
10% July
800
4-
Jan
200
10%
Jan
9% July
13% July
•
—-
115
May
18%
3,800
July
109%
U J»n
3
3,800
23
80
Apr
1,100
4%:"
3%
4
1%
Tung-Sol Lamp Works
80c convertible preferred
8
1
debs
decs
s
f
s
f
L
;•
Writing
Elec
4%
Corp
—10c
Unexcelled Manufacturing Co——10
Union Gas
of Canada—
United
Aircraft
United
Chemicals
$3
$5
preferred
100
4,000
'1,200
25
25%
65%
34,200
•
T
"?
70
90%.
91
17%
17%
100
7%
Feb
Feb
7%
Jun
May
5%
100
2%
2
Jan
4% Aug
3,000
65%
2%
—.20
—
' 9%
8%
9%
—•
10c
——-
2%
66
——•
common
& participating pfd
Cigar-Whelan Stores
Prior preferred
6%
200
—
1
cum
United
'
,—100
Products
6%
27/8
—
•
—
Union Stk Yds of Omaha
4%
6%
Realization
Uien
5% July
3% July
2% Jan
68 %
July
11% July
7% Jun
14.% Jan
25% Aug
65% Aug
'
59
?:'■
Jan
1%
Feb
80%
Jan
aLi
2% Mar
25
Jun
18%
t
17% July
Jun
"
United
corp
warrants
1st
$7
preferred non-voting
♦
Molasses
Amer
10
7%
AConv
deb
4%s
deb
AConv
Assoc T
Atlantic
City Eiec 3%s
Feb
6V2 Mar
Jan
77 7,s
July
42
Jun
45%
Aug
8%
8V4
300
600
%
86
88%
560
78%
_•
•
—
——
V
:■
common
I
....
Co
4%
1,100
2%
1,900
1%
Utility Equities common—
$5.50 priority stock—
%
%
100
"3%
3%
Jun
3%
5,400
13 %
200
4%
3,200
4% July
2% Aug
%
ft APr
2%
4
Jan
Jun
July
12
434
4%
21%
20%
21%
6,300
2%
55
3
56%
Feb
Jan
14% May
13% July
1%
Jan
4"% July
Feb
22% Aug
18%
Jan
20 V4
13
7
20
13
56%
—10c
91%
Jan
~2Vb
1
Jun
Jan
2%
July
July
1%
Jan
2%
_•
Utah Power & Light $7 preferred
Utah R»dio Products
8
11
3%
9
_
Jan
Apr
2%
•
Utah-Idaho Sugar
9% July
Feb
51/4
334
10
.
4% Mar
9
10
.
7% Aug
69
230
4,000
2
Oil—*
July
1% Aug
775
7%
i
265
Feb
74
"l%
_•
6% July
45 %
7%
Jan
Jan
28% July
3% July
51V2
Jan
61
Jan
1,800
2%
1,235
8
7%
8
1,500
4
2%
1%
2%.
1,500
1%
1
Mar
26
74 Va
.
Bell
common...
.1
—
3
5
47
convertible
preferred——..
Venezuelan Petroleum.—
Vogt Manufacturingj.
1
9%
10%
«
,
12%
3%
47
10%
13
1,700
30
9,300
300
1%
27
Feb :
Jan
M
2% July
83 %
Jun
.
3% July
8%
Feb
48% July
11% Apr
8
Feb
W5!ner
7%
voting trust ctfs extT«
preferred:
Waitt & Bond elans A
ploco
Wayne
p
Y
11
400
52 Trex%8 ^"iity
West Va Coal &
18%
w Prefe^edTJ".
5%
•
II#
—1
Ry 7% lst~pfdl .100
Stationery com
*
"20
Weinberg
Shoe Mfg
Wichita River Oil
Corp—ZI
see
5%
9%
9%
10
11%
1,600
1,700
20
2.500
8,600
page
753.
-.10
July
July
20%
Feb
15
3%
108
5%
7%
Feb
Jan
Jun
2% July
,23
Aug.
Jan
5% July
Apr
111% July
Jan
26%
25
10%
10%
400
82
79%
25%
100
23
Birmingham Electric 4%s
Northern
221
23
29%
78
23
29%
24%
26%"'
82
22%
25%..
7
23
25%
24%
25%
6
22%
29
96%
97%
12
26 Vs
'
5s ctfs
Debenture
5s
;
mtge 3s ser P
...
2%s ser Q—
Consolidated Gas (Bait City)—
115%
8
101% 101%
150
108
101%
*»—
V/:
104%
101%
5
101%
20
1
105V4
56
36%
52%
54
175
37
1
103%
107
52%
54
98
100
100
100
.
,
62%
79
101%
104
1104% 106
103
104%
105
229
73%
70%
103
A-O
1951
M-N
J-D
J-D
J-J
104%
103%
103%
104'A 104%
8
(
i
110% 110%
104%
v
103
^
119
109
110%
105%
104 i
119
i ;
108
102%
1106% 107%
103
104%
116%
1124
•
106
98%
10
104%
98%
97%
156
103%
99%
3
103
103
V A-O
.
100%
1102% 102%
now
103 1
1
103%
99%
,106% 106%
101
51'A
F-A
125
•
mtge 4%s
1954
F-A
J-D
5s
123
$121
A-0
1958
1944
Cuban Tobacco
120%
119
150
105%
'
51%
M-S
J-D
A-0
Af-S
Continental Gas & EJ 5s
Gen
110
53%
1971'1969
1970 /
1st ref mtge
180
52%
—1969
5s
series N
ref
106%
J-J
^
5
102% 102%
J-J
M-S
1958
Connepticut Lt & Pr 7s A
Consol Gas El Lt & Pr (Bait)—
1st
101%
101
J-D
1955
5s
3%s
109
113%
11
119%
$107
M-N
Jan 1966
—1950
5s
deb
114% 114%
$155
J-D
1927
...1952
B
Service
Debenture
'
97%
85%
—
119
3f-S
—1953
1964
-
Rys
114%
A-0
1954
Central States Pr & Lt 5%s stpd—1953
A5%s
series
108
108
29
107
2
$100
—
Q-F
§ A Central States Electric 5s———1948
Conv
97
1K-N
—1968
5s
Power
Gas 3%s
El &
111
Central
29
26
26%
J-D
..—1970
2%s
Edison
Boston
Canaaa
93%
V
24%
1957
1962
1956
2030
1956
Eastern Gas & Fuel 4s ser A
Electric
& Light 5s
& RR 5s
Power
Water Lt
Elmira
103%
i
?
104%
103% 103%
78
99
99'A
19
90%
99%
181
93%
101%
16
101%
104%
123
124%
102%
106 %
103
106%
99
99
5%s
Water Service
Federal
3%s
5s
Power
Gatineau
Georgia Power & Light
Coal
Alden
Glen
•
Great Nor Power 5s
Green Mountain
stpd
3%
Pow
1960
& ref 5s
lien
1st
5s
Service
Indiana
1
100
1
/
4
107%
102%
■
102 Va
64%
—
75
108%
72
111
102
105
102
1
102
105ft
25
104%
107%
105% 105%
5
103%
105%
102%
104 %
$104% 106
100%
$107% 108%
M-H
J-D
10
100%
100
100% 101% ■:? '
1955
108%
103%
:
„
104% 104%
105 3
Af-N
J-J
F-A
104
103
2
102%
102
>
;
93%
101
93
101%
"
'
10
s::
:
106%
i—
109
§ International Power Sec—
A6%s
A 7?
(Dec
A7S
1941
1
1957
1941
(Aug
1957
coupon)
30%
11
30 %
1
30%
—
1952
F
series
1963
6s—
—2022
Kansas Gas As Electric 6s
Power & Light 3 %S
35
33%
"
23
35
25
22%
(July
Superpowei
33
25
31%
30%
31%
33%
21%
/
J-J
1941 coupon)——.—1952
Interstate Power 5s
—1957
Debenture
6s—
—1952
A7s
32
29%
F-A
25
7
32
30
1955
COUP)
E.
series
A 7s
C
series
A6%s
95
J-J
-
94%
95%
68-%
68
69%
130
J-J
-
J-D
-
J-J
88%
15
60
$121 - 123
$110% 114
77%
■
28%
36
106%
107
120
122
111
.
109
106%
39
1107% 108%
M-S
..
.—1969
107% 107%
107%
Af-S
33
96
50
32%
J-J
-
Kansas
Apr
Jan
Midland
21% Aug
23
Jan
Jan
28% May
20% Aug
8%
Jan
10% Aug
8
Feb
10
««Jan
4s
E
112%
—...1948
1971
109%
106
108%
108%
$108
F*A
Af-N
102% 102%
99%
106% 106%
102%
104%
Jf-N
J-J
$100
1963
A-0
107
1105% 107
194$
to
Gas Light 4%s
P Sc L 4%s
.
.
ref
5s
1978
1955
Nassau «ss
Suffolk Leg 5s..
Nebraska
Power 4%s
series
A
101%
104%
110
1110%
102%,:1Q3%
Amsterdam
Gas
J-J
F-A
J-D
1945
1981.
5s..—.
1948
5s—.
New
L
England Power 3%s
New England Power Assn 5s—:
Dehpnfure 5%s;
101 % 101%
$108% 109%
119
119
$110% 111%
85% 86%
*
46
72%
J-D
86
85%
86%
26
-72%
88%
Af-N '
86
85%
86%
67
72%
88%
1961
1948
M-Jf
i-1948 /
deb
1102% 103%
,
69%
106%" 108%
103 WHM
104%cl083r
>102%" 104^4
100%-10l%
108" '■•liT116 1 120
111 '
113
104% 105
104%
M-S
J-J
1
1950
Eng Gas & El Assn 5s_.———1947
5S
-
62%
65%
106% 106%
103% 103%
J-D
2022
—
106%
J-D
1957
—...
64
Af-8
._1967
Mississippi P 6s L 5s—
Conv
; 107
Valley RR—
Minnesota
New
-
$107% 108
A-0
——1965
—
Extended at 4%
New
July
G
series
&
•
-
J-J
Radiator & Mfg—
Milwaukee
1st
•
1960
Dist Pow 3%s
Middle States Petrol 6%s
11% Aug
138
1970
Kentucky Utilities 4s
1954
M-S
A-0
J-D
-
112
101
'
—-
$103% 104%
1970
3%s
Indianapolis P & L
103%
.107% 107%
•102
Af-8
;
98%
;
107
$68%
A-0
1957
1958
1950
1963
5s—:
103%
14
107% 107%
$99
J-D
1953
Hydro-Eleo
Indiana
107%
A-O
ref 5%s series B
1st &
101%
112
107
•107
A-0
Power & Light Corp—
ref os series A
1st &
..
1
'
J-D
Jan 1949 "
B
104
__
$103% 104
J-J
Jan 1949
Hygrade Food 6s ser A
-v'
100%
101
:
102 Vb 102%
112
'
'J-D
—195b
Houston Lt & Pwr 3%s
Illinois
Af-8
J-J
F-A
—1953
Grocery Store Prod 6s—
& West 6s_
series
$103% 104. 1
103% 103%
102%
97%
96
103%
$102
M-S
1950
1950
..1963
.
99% 100%
100%
1
-
105
105
M-N
A-O *
J-J
1941
Guantanamo
6s
M-S
—1965
West 4s
130
1102% 103%
.
4s
-
103% 103 %
$124
A_^—_1948 ;tv J-D j;
*k J-D
4%s series A
(Adolf)
gAGobel
Grand Trunk
103%
M-S
1954
i960
3953
A
Pub Serv
100% 101%
101
M-S
F-A
?
—1952
El 5s
District
Empire
08
16
26%
93%
25%
F-A
1998
10% July
18% Mar
26%
—10
—1
11 Va
97
Jan
7%
84
—
Westmoreland Coal...
Westmoreland Inc
footnotes
23
110% 110%
9%
11
We^ern Maryland
Western Tablet &
4% Aug
1%
1.28
CokeWestern Air Lines Inc
May
14%
«
K^ttl^"li^I2iZI—Z—'Il5
Wentworth Manufacturing
P"r
11
3
94 % May
—
,
106
6
91%
26
M-S
Bethlehem Steel 6s
4s
800
128
25%
M-S
*
——1960
C
6s stamped
Metropolitan Edison
"4%
109%
124%
103%
103% 104
93%
J-D
Bickford's Inc 6%s
McCord
4
107%
2
11
;
,
/::
126
126
15% July
w
•
101%
26%
1964
series B
5s
series
Lake Superior
Waco Aircraft Co—
104%
99
of Canada—
Telephone
1st
5s
Altallan.
$4
109% 109%
A-0
Jersey Cent Pow & Lt 3%s
—
1965
Kansas Electric Power 3%s__—1966
Valspar Corp
109%
34
T:'4
101%
F-A
1947
warrants
without
5s
Feb
8% July
Feb
Jan
108%
106%
101%
(B. F.)—
Avery & Sons
AGeneral Rayon Co 6s ser
~1%
106
1
■:
J-J
1955
Apr
1 y4
J-J
A-0
1977
SV2s
T deb 5%s A
&
93
7s/8
100
Registered
Feb
8%
Paper
Pictures
300
105
6
"
101% 101%
100
1968
5s
A Debenture
General
73%
500
Universal Cooler class A
Universal
7%
101%
—1950
:
Jun
44%
74
8
common
ft Jan
Jun
106% 106%
High
-
102%
25%
AConv deb 5s
63% Mar
%
Low
^
-
4
>
109% 109%
Af-8
39%
4,800
No.
;;-i
103% 103%
3-D
1948
1949
Apr
_l
Reclaiming
Universal Products
1%
urn
1970
2024
4%s
Jun
1
„„„
—
ft Jun
263
%
January 1
Sold
-
'
J-J
50%
a;
1 %
106 %
J-J
90
25
common
Universal Insurance
3,900
58%
;
25
common
—
Universal Consolidated
B
3,300
ft
•
Class
Jan
100
$5 1st preferred with warrants—
U S Radiator common
Wall
Feb
—
•
United
Jan
%
4
U S and International Securities
Rubber
121%
4,400
56%
,
Range Since
Bonds
Friday's
J-J
1953
33 %
25o
U S Foil Co class B
8
Apr
May
% Mar
—
Prolit
United Stores
Mar
Mar
ft
%
r
;
United Specialties common
U
3
10
58 y8
•
Ltd—
Co
dep rets ord regis
Graphite
1%
xll4
,
July
3,300
•
preferred——;
Preferred
S
150
Feb
18
%
•
Sharing
10% preferred..
United Shoe Machinery
U
10,000
•'
Feb
7/64
y2
United NJ RR & Canal
Umted
1%
114% 115
115
•
preferred
participating
United
~1%
ft
ft May
A
United Milk Products
S3
1%
warrants
1st
,4,600
16
__1
United tight & Power common A
Common class B
06
%
•
United Gas Corp common.
Option
all
Vb
United Elastic Corp
or
-
..1956
deb
6s
1,800
103%
J-J
M-S
5s
AConv
Cities
5%
2%
4%
5%
'4% July
jAssociated Gas & Elec Co—
u
5%
:
J-J
4%s
Lt
&
Pr
Associated
5 A Chicago
1
11% July
Sale Price Bid & Asked
1961
6s_;
Paper
Cincinnati St Ry 5%s A
Udyllte Corp
Jan
2% Jan
2016 '
deb 6s
& Lt
Pow
Amer
Amer
1% July
Feb
"l%
warrants
Inc
Trunz
260
113
10
12% July
Feb
Jan
72
108
—
1
—
9%
1%
100
-
14% May
Week's Range
Last
Interest
1950
1960
1970
debs
3%s
•
1%'
69
71%
•
Trans western Oil Co
Til-Continental
■'
1%
•
100
12%
12%
-
—
f
s
3%s
Jun
Tobacco
Security Trust Co Ltd—
Amer dep rets ord regis—
Amer dep recs def reg
Todd Shipyards Corp.
Toledo Edison 6% preferred
7% preferred
Ton op ah Mining of Nevada
2%s
x23 % Mar
10%
11
10%
22 %
1.100
Jan
Gas 81 Electric Co.—
American
May
10%
10 Va
i— 1
Friday
Low
6% July
10 % Aug
6'A
Jun
7
6,600
3%
7
24% July
Jan
Jan
6
4,300
Jun
22%
6%
1
—
& Construction
Allied Stocks
Tobacco &
23%
26
Feb
114%
1
Roofing Inc
21%
22%
—5
common—
Tlshman Realty
26
6%
Jan
23%
500
25%
2
—
Shovfcl
Tttew
5
3%
Period
Arkansas
;
pfd——100
Tftxon Oil & Land Co
lli;
Appalachian Elec Pow 3%*
Appalachian Pow deb 6s
1
•
6
3% Jan
-
100
700
ii
Exchange
Curb
New York
Aug
13
*
Taggart Corp common
10%
BONDS
20% Aug
May"
350
9%
Apr
7%
10%
2% July
16% July
100
: '
17
13
17
%
5.500
20% "
18%
20%
•
5
11
Jan
111
Apr
i15% Aug
Feb
1.800
'
6%
5% Jun
5'
July
12
v:*Vv,:
Jun
400
V
5%
2%
Feb
Woolworth
July
2%
5% July
.
Jan
;
Apr
14
5%
50
Jun
52
51
10%
3
10
2,300
Jun
9
Jan
15%
~5%
5%
11%
110,
...1
Jan
5
43 %
75
5%
11%
-10
Petroleum
(F W) Ltd —
American deposit receipts
Wright Hargreaves Ltd
51
•
1
•
18
Ray Drug Co
53% Mar
1,900
8%
5%
3'% Aug
58% Aug
\\ Feb
60
Wolverine Portland Cement
ft July
2% July
Apr
14% July
'8% Jan
pfd—100
Woodley
Aug
13% July
-
Range since January 1
High
Low
High
Mar
94
% May "
150
July
Shares
•
Winnipeg Elec common B
Wisconsin Power 61 Light 7%
% Aug
Jan
1%
Apr
Heating
Products Inc
Willson
ft July
Apr
7% Jan
4.800
3%
57%
14%
—*
Superior Port Cement class B com
114
54
500
12
tfuihvan
Sun
2%
ctfs—1
—
19
8,700
8
Corp
(S)
Feb
A
1.100
ft
19 %
<
450
:
12%
%
& Co new common.-.-—•
Stroock
'
11%
2
(Hugo)
Murines
94
Jan
1,700
%
3% Aug
108% Jan
% Jan
100
14,900
v.
12 Vb
50
20
1
1
—1
•
2d preferred
(R
Oil-O-Matic
Jan
17%
800
%
91
94
•
1
1st preferred—
18%
I
">•
1
(A) 4b Co common
Sterchl Bros Stores—
Williams
Williams
Aug
for Week
Low
•
s—•
1
& Co
C>
15% May
26
Sales
Range
of Prices
Par
Jan
2
100
noy4 110%
%
no1/*
1
Stein
5%
18%
18%
—*
1
Preferred
Products Co
Standard SOlver Lead
Standard Tube class B
Starrett (The) Corp voting trust
Steel Co of Canada—
18%
900
';;;
Jan
6
1.100
*
High
16
3'A
Common class B
Standard
Low
13%
25%
3%
12%
25%
13 y2
-
-1
Standard Cap & Seal common
Convertible preferredStandard Dredging Corp common
$1.60 convertible preferred
Standard Oil (Ky).—-—-Standard Oil (Ohio)-—5% pfd
Standard Power & Light
Last
Sale Price
Range since January 1
Uia*
Week's
Friday
STOCKS
New York Curb Exchange
Shares
of Prices
Low
nr
AUGUST 18
ENDING
far Week
Range
Sale Price
V.'■■■■
WEEK
Sales
Week's
Friday
85%
102%
102%
$102% 102%
102% 102%
102% 104
107
.
88%
110
38
95%
102%
89
97%
104
.
;
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
NEW YORK CURB
RANGE
BONDS
New
Curb
York
"
-•
r'
"
Y
Ltsr
Low
1964
M-N
2004
4s
J-J
Hioh
-*109
(8% redeemed}
Power 1st
1st
Ohio
3Vis
mtge
Public
,*!
1962
4s___
Oklahoma Power & Water 5s
■
Curb
109
A-O
Twin
United
Electric
N
Light
Power
103%
F-A ;.«■
1948
108
10
7 7
103% 103 %
1959
A-O
A-O
103% 104%
6s
105%
7
5%s
4a
Low
27
110% 110%
-114
High
96%
1
'
102
111%
110%
5
116%
102
108%
17
102 %
106%
2
113%
115%
5
-114%
-116
114%
F-A
1952
6s
101V8 102
.
'
A
Debenture
101%
.
January 1
Co—
5 Vis
cons
series
J
Utah Power & Light Co-
109%
102%
&
Transit
Range Since
Sold
No.
107% 107%
110
1
77
J-D
J-D
United Lt & Rys (Delaware) 5%s_1952
United Light & Railways (Maine)—. -/
106%
2
-
Bonds
High
1949
City Rapid
1st lien &
1043/a
105%
109%
Friday's
Low
1952
95'/a
102 V*
or
Bid & Asked
'
.
107 %
82
l
:
106% 106 %
Sale Price
1
111
18
*107% 108%
F-A
-
87%
Exchange
High
104%
-102% 1023/a
109
A-O
1968
1971
Service
861/2
; Af-N
1945
3s
mtge
J-J
1948
Ogden Gas 1st 5s—
Ohio
York
108%
111%
*103% 104
—
Last
Period
Low
Interest
January 1
No.
New
Range Since
Sold
North Continental Utility Corp—
5 Vis series A
18
AUGUST
United
Elec & Gas 3%s
Westchester
&
EXCHANGE
ENDING
BONDS
Bonds
Friday's
or
Sale Price Bid & Asked
.■V"', V ■. •' I,
'•>.
\
N Y State
*»
Period
WEEK
Week's Range
Last
Interest
Exchange
■
■i
Friday
;,
FOR
75$
111%
116%
.
—
Jf-N
104%
series
2022
A—.—
w.l»t
r.
Waldorf-Astoria Hotel—
Pacific
Power
&
Park Lexington
Light
1964
F-A
J-J
1971
4Vis
104 %
-
55
16
55
-
106
A 53
105%
104%
1970
105%
108
106%
Philadelphia (Elec
1972
5Vis
Power
Philadelphia Rapid Transit 6s
F-A
Af-3
1962
109
108% 109
108%
13
108
117
1
106
107%
"■
•—
-
:
West
107 Va 107%
Penn
West
5s
Gas
6s
1950
Public Service Co of
3Vis
Sinking fund deb 4s
of
Service
A-O
Af-3
1964
1949
.
New
5Vis
series
Real
ASchulte
Estate
Scullin Steel inc
4%s
1st
3
conv
106%
California
Southern
Counties
1st mtge
33
•
103 V*
1
*126%
J-D
,*81
A-O i
A-O
"V
—
83%
90
105
105
105
105
A-O
98%
;
Gas
Rys
105
J-J
*105
J-J
73%
1965
106
M-3
1970
'
93%
103%
103%
105%'
A
20-year
1971
1951
4s
1970
105% 1051/4
105%
J-J
F-A
>
83%
83 %
*107
F-A
U-N
89%
98%
98'/a
2022
8s
(Hugo) Corp—
Water
97%
.
100
96%
13
100%
Low
'
Range Since
Sold
High
January
NO.
Low
1
A-O
*60
J-J
*60
51%
57
54
•
U-N
1953
F-A
24%
25%
J-D
1955
5s
ALlma
25%
*80
3
55
16%
26
62
82%
82
82.
,.
82
89%
83%
52
86%
98%
98%
35
82
98%
44
86%
82
12
GO
v
16
86%
49
86 %
86%
32%
J-D
A Parana
1958
i
!
21
19%
17
22
34%
18
/
28%
23%
40
36
40
2
41
*27%
29
*39
•
*39
m-b
20
20%
18%" •■•V;/
18%
,
:
46
.•••
-
'
•
:•
—
•7.
*16
/•'-:
—
20
79%
16
\
79%
98%
51%
;
98 %
.98 fO 98%
97%
98%
47
53
30%
32%
5s
3Vis
106%
'J-J
U-N
J-J
.F-A
J-J
1956
2022
1979
1968
26
31%.
A-O
32%
106
106%
106
106
$119
11
1047/a 106%
105108%
J;7
120
103% 104%
117%
A Rio
(State)
de
7s
1959
f 33
v,
41%
-
34
1
40
20
43J/a
>
6%
J-J
43
40
7
13
3%
8%
'!
6%
7
17
3%
8%
•
J-D
1921
8%s
Government
A5 Vis
•No par
108% 109
107
7
105%
,
value,
',-•
——
a
Deferred delivery sale,
d Ex-Interest,
n Under-the-rule
,"
'
{Friday's bid and asked prices; no sales being
A Bonds being traded flat. ■
,
;•;
transacted during current week.
:
//'ZZ5/
SReported In receivership.
:
e Odd-lot sale,
xEx-dividend.
sale,
•.
:
'
7..
>
/
7'"/
7'v
■
v.v
.
^
■
>7-
7
,.
....
'■ *7,7
sale.
7;
...,
f
'■ '
•:
"cons," consolidated; "cum," cumula¬
"n-v," non-voting stock; "v t c," voting trust certificates;
"wl," when Issued; "w w," with warrants; "xw," without warrants.
111
Abbreviations used
■
f
above—"cod," certificates of deposit;
tive; "conv," convertible; "M," mortgage;
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
ENDING
18
AUGUST
Friday
Baltimore Stock
'a■ •;"■/:■■ ..''■>:Ii/vZ:
"Z ":'-*'V-i
•;■"
Last
Transit Co
Bait
Preferred
Consol
common
vtc
4
Fidelity
Deposit
&
Guilford
A
Distillery——/
n
8
National Bank—
136
July
21
43
Jan
10
18
10
Jan
46%
11
3.25
1.50 Mar
3.25
600
73
27
Feb
30% May
60
18
60
Aug
SO
Aug
$2
63%
64%
30
63
Apr
66%
Jun
37%
590
35
Jun
41
Jan
38%
38%
38%
40
33%
Jan
38%
.
_
V
' ■;•■
;/.
Baltimore
series
5s
-1975
Transit Co 4s
A—
—
5s
Interstate
—
—
60%
66%
1975
67%
101
1946
:
61
51
6.000
101
Jan
101
1,000
64% July
70
July
101
Aug
"
Aug
Copper
Corp
(Del)
common—,.
6W" preferred
5%
preferred
68
69%
Jan
69 %
Aug
40%
50
32V2
Jan
40 %
Aug
5%,
200
4%
Jun
92
Jan
54
Jan
80
13
Jan
21% Mar
11%
11
11%
2,825
Jan
12%
Apr
35
35
750
35
Feb
38
Jan
31%
31%
675
28%
Jun
32%
Jan
13%
14%
527
87/b
Jan
14%
Aug
41%
38
13%
Friday
Last
-STOCKS—
.>
/v..''
Sale Price
Par
American Sugar
Tel
American
100
42%
233
35%
Jan
43 Va July
38%
592
33% May
39% July
13%
294
75c
.
50c
Jun
75c /
Feb
250
7
Jan
10%
Aug
32%
373
Jun
33
Jun
•
3%
1
31%
—
4%
30
1%
3%
"
300 •'
100
32
*
Inc
Albany RR
—
Edison
Boston
Elevated Ry.
100
class
A
,
'
,
•
9
26%
High
Low
155
47 Ve
47%
162% 164
26
Range since January 1
Shares
7
•>
Feb
29
155%
1,864
"
■
25
7%
•
Apr
24%
47% Aug
164% July
Jan
399
.
Feb
Personal
Boston
&
Calumet
Century
Prop
Providence
&
9% Mar
28
July
36%
36%
68%
69
23
23'A
200
11%
Jan
16% July
87
96%
Jan
115% May
2,239
32%
Jan
505
66 %
Jun
65 '
Shares
j9
- Jan
790
6%
300
6
6
6%
7..
see
;
page
14
IlIlOG
RR
;
6
»
759.
25
7
100
6
160
14%
95
'.
Jan
" 3%
36% Aug
74% Mar
.
24% July
__1
,
Mar
8
Jan
8% Mar
3%
Jan
7% July
8%
Feb
5
Jan
5%
Feb
7% July
Apr
Feb
Jan
36% Mar
60c
Jan
1% Mar
518
47%
Jan
7
Jan
10%
110
16%
610
v
58
England Gas & Elec Assn—
Aug
"
36%
*
preferred
Jun
10%
17% July
U% Feb
100
105%
105
175
24%
r
103%
36% Aug
Feb
670
36%
105%
Pacific
Apr
Quincy
Reece
30c
109%
Jun
46c
Mar
Jan
Reece
8tone
Co
&
1
Torrington
38%
185
25%
29
29%
178
25% Jan
205
86c
1%
7
•
11
1%
10
1%
11
1%
20
265
40%
Jan
2%
12
9%
Jan
1
Jan
7
Jan
,7^
12%
Jun
31% July
Feb
Jun
Mar
1% May
-.
15
July
•
Ino
Securities
Elec
37%
29%
com
Co
13%
14
910
•
Association
Webster
38%
25
Mach—
Machine—
Folding
Shawmut
44c
•
Hole
37c
50
RR
Mining
Button
5,395
44c
2.50
Mills
Pennsylvania
r
10%
10%
251
7%
Apr}}-<!)>- 11% July
•
3%
3%
510
2%
Jan
33%
33%
365
•
33%
32
4%
>36
May.,..,,.,
Apr
Mar
"
TMV'i'Union
Twist
United
Drill
'
6%
U
8
Machinery
preferred
common
—
—'
Rubber
Warren
40
23%
Apt
16%
115
12 %
Feb ,-.y/
88%
85%
88%
547
75%
25
74%
73%
74%
350
69 %
Jan .y ^ 88% July
78
July
Jan
44
44%
80
42
Jun
49%
51%
277
40%
Feb
53%
116
10%
Jan
12% July
25
20V2
Jan
29
91%
Feb
28%
,_25
10
System Inc
(8
28%
15%
5
5
Shoe
Waldorf
•
Co——
D)
28% July
28%
16
•
Drug Inc
United Fruit Co
11%
11%
•
29
29
,
:
%
17% July
•45
July
Jun
Aug
14% July
12
28%
Jan
31%
53
6%
6%
90
6
May
28.32
10
27110
Feb
vJ4%: ; 14 %
21
13%
Feb
30%
42% July
Jan
4
28.32
"6%
5.
1C
26
150:
6
6%
;
Trust——.—_
footnotes
39%
6
—100
Trust
Hecla
Cities Service
For
16%
113% 115
39
—100
1st pfd„_
Boston
6
23%
10%
North Butte Mining
High
100
—100
class B 1st pfd
class C
—
—100
,
——
Stamped
1%
ot Prices
100
1st pfd__———
Stamped
Jun
Jan
600
1%
15%
United
prior preferred
%
6%
— —
34
3%
-
Maine RR—
Boston &
7 %
69
•
Boston Herald Traveler Corp
5
>36%
25
Boston
Jan
for Week
16%
1I5
.100
4% July
Feb
2%
25
105
30
58
29%
200
4%
56%
England Tel & Tel
Jun
250
1%
16%
Suburban
Boston &
13%
Jan
31%
—
58
5% %
''
•> <'
& Son
Bird
:
--
7%
1%
v
*
1
New
Sales
Range
8%
—50
Anaconda Copper
f't'.
163 V2
«
Woolen
American
Week's
Low
100
Refining
81 Tel
Exchange
Aug
12%
5
New
Boston Stock
8%
Aug
70c
Ti
Narragansett Racing Assn Inc
Linotype
106%
60
50
103% 106%
Nasb-Kelvinator
Mergenthaler
6% Mar
365
1
vtc
7% Aug
19%
100
:
Util Associates
;
80
100
Maine Central RR common
Mass
*
15
•
5
50
56%
High
Jan
19 Va
*
Hathaway Bakeries class B
Isle Royale Copper
77 4io -
'
5%
18%
*
Kennecott
Low
440
6%
79
106%
•
Stores
Range since January 1
High
5%
*
•
1
Gillette Safety Razor Co
Lamson
.<
Jan
59%
$9,000
National
First
*
'
*
:
Association
Group
General Electric
Aug
■
'<
preferred
conv
Shares
40%
69%
•
common
Engineers Public Service
Bonds—
•
;
Inc
Lines
SS
Employers
May
37
B
pfd adjustment
Eastern
Mar
29%
preferred
5%
Jun
37
.20
6%
Jan
150
3.25
«
_
__
27
46
60
50
Fidelity A Guar
Western
142
117% Aug
Street
Ry com
1st pfd series A
6%
Mar
Mass
6%
100
100
100
100
100
100
prior preferred
preferred
Eastern
July
69
29%
^ ^ rfr'
25
Penna Water & Power common—
4Vi%
Jun
11
Apr
Jan
10
—
2.15
Apr
7
64%
115
140
com—
Apr
1
46
Co common- —1 fi.
pfd. vtc. —25
Realty
(Tom)
20
142
Oil of Texas 6r/o
Houston
Moore
of America
Co
P'inance
2,013
Jan
for Week
of Prices
Fuel Associates—
&
Gas
*
Co
Range
Eubiern
High
18
1.00 May
774
1.75
11
69
117% 117%
10
14%
1,006
10
117%
20
Co
Fidelity & Guarantee Fire Corp—
Low
68%
'
100
preferred B
4%%
1.50
.■SllZV;
.100
Power com—
E L &
Range since January 1
High
16%
16
16%
*
t c
v
Gas
Copper
Shares
Sales
Week's
..Range
Low
Par
6%
•
Arundel Corporation
'V'z:-
for Week
Range
Low
Par
Sale Price
Sales
of Prices
Sale Price
STOCKS
Exchange
Week's
Friday
Last
STOCKS—
42%
Feb
50
103% 105 %
166
.1948
103% 103%
$4,000
107%
Jun
Feb
7%
Westinghouse Electric & Mfg
28.39 July
17% Mar
BONDS—
Eastern
Mass
Street
4%s series A
:!
79%
*41
j-j
1919
6 Vis
Janeiro
A Russian
119
101%
47
; i
f
17%
;••
58
^
■
32%
20
—•
i
20
*40%
/
J-D
1972
53
19
:
A-O
1931
98%
29%
m-N
1947
98%
19
1947
(issue of Oct. 1927)
A7s
98 %
90
J-D
'
•
i
82
'
98%
98%
U-N
1951
AMortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
98%
98 Ve
97%
US
1958
7s
7s
stamped
Mortgage Bank of Bogota—
A7s (issue of May 1927)
91%
98%
*16%
J-J
1952
6Vis stamped-1958
City (Peru)
AMaranho
AMedellin
104%
26
98%
F-A
j
High
.......
1948
.
Extended
86%
101%
5
Bonds
Friday's
or
Bid & Asked
of)
Danzig Port & Waterways—
AExternal 6%s stamped
108%
98%
J-J
1960
—
Edison
Toledo
72%
17
■1/
7
Last
Sale Price
Jan 1947
Bank
Mortgage
5%s
rCash
5s
Service
Power
85
-
96%
99%
-
98%
98%
,
F-A
A-O
,
1946 .7,
i
Ac Light 5s
A
series
105%
—
.
6s
F-A
J-D
1946
deposit
Stinnes (Hugo) Industries—
7-4s 2nd stamped
Tide
4
-
99%
,
3d stamped
ACertificates of
A 7-4s
7
•;.
101% 101%
109
103%
7
Interest
Exchange
Valley 7s
Danish
106%
106%
85
89%
A-O
A-O
Electric
96
99%.
■
107
5
108%
-
106
104
*";7:
Curb
7s
(see
ACauca
105
105
29
*107% 108%
1989
Texas Powei
104%
••_.».'•
York
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1946
105%
6
(Calif)—
(stamped)
Conv 6s stamped
Texas
J-D
•
5
105% 106%
A-O
6s
Stinnes
96
*99%
J-D
82
86%
•7/
-
New
Electric—
&
1937
stpa
Period
1
108
:—-May 1948
May 1948
•L Debenture
6s__
1951
:
Debenture 6s
;
—Dec 1 1966
68 gold debentures
1957
Standard Power & Light 6s
1957
AStarrett Corp inc 5s
1950
Gas
109%
118
128
.
*106% 107
3s
Spalding (A G) deb 5s
Standard
96
1959
1947
bs
113
127
'•
-*_•
105%
101%
L
&
105%
114%
_I
117% 117%
Foreign Governments & Municipalities
103%
109%
7.
90
M-8
P
*107% 109
J-D
152
1
Af-S
3 Vis
Gas
Southwestern Gas & Elec 3%s
Southwestern
_
5s
105%
137%
■—
110% 110%
1957
3s
Indiana
Southern
A-O
I960
;
5s
debentures.
Co
109
103% 103%
1947
6s
5s
Edison
California
Southern
2030
45%
BONDS
1951
Power
Southern
110%
24%
99%
10 :.
J-D
;
1967
1970
D
Wyoming Coal
Carolina
South
f
s
ttys
Bogota
Sheridan
109
108%
111%
92%
145
1951
6s
mtge 3s
series
:V
105% 105% 7.
*144
1952
Water & Pwr 4Vis
Shawinigan
108%
A-O
1979
& Pwr 6s 3-
Joaquin Lt
8an
105 %
14-N
1952
A
Water 4Vis
Harbor
5s
Traction
Jersey—
perpetual
Sate
105
,-*109% 109%
—.
112
1
.r7'/7.
.4105% 108
J-D
103
'
7
107% 108
J-D
3-D
*
,
certificates
Queens Borough Gas & Electric—
6%
97
100%
■> 106
2
-
108% 108%
97
'
1
IOIV2 101 %
106% 107%
107'/a
170
J-D
1964
Colorado—
1st mtge
Public
M-N
1959 y
4Vis B
(Can)
Corp
J-J
1956
E
5s
F
42%
M-S
1951
Newspaper Union—
A Stamped
c
;..
1961
Edison
series
Power
Co—
extended
stamped
Potomac
4Vis
Coke
&
Electric
Penn
Western
lAYor*
Portland
40%..-40%
1954
109%
106
107
>106% 109
J-J
dsbs
Ry & Elec 4s
Wash Water Power 3%s
107%
'
3 Vis
income
Wash
55%
40
-
••"77.1
106
107
)J-D
103%
•77 1
105% 106
AJ-N
Pennsylvania Water & Power 3Vis_ 1964
:7 / 6
104% 104%
U-N
1979
5s
1st
'
1955
5s
1st mtge 3s
Penn Central I.t & Pwr
Ry-
103% Aug
104 V* May
:l>
CHRONICLE
THE COMMERCIAL & FINANCIAL
754
Monday, August 21, 1944
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
18
ENDING AUGUST
Week's
Friday
Sales
*
Last
Chicago Stock Exchange
Week's
stocks—
Low
far
Co
&
Asbestos Mfg
Co common
Washer
6%
7%
15'/a
150
37%
6%
Jan
163% Aug
4%
Apr
1,050
6% July
1%
Jan
2
7%
750
4%
Jan
2%
300
1%
Feb
3
4%
5%
3%
2,400
3
Barlow &
Seelig Mfg A common
5
14%
14%
50
12%
Feb
16
Bastian-Blessing Co common—
*
25%
25%
300
20
Jan
16
16%
450
14
May
10%
11%
600
Mfg
10
*
1
1
5
5
Corp
;
Mfg Co capital
BJiss &
Laughlin Inc common
Borg-Warner Corp common
Brach & Sons (E J)
40'A
38 %
22'A
10%
10 %
7%
8'A
2,460
10%
200
8%
8
(A
Co
Central
111
M)
Illinois
Central
Serv
Jan
20%
40%
1,350
34%
Jan
pfd
22%
200
187/e
Jan
24
20%
14%
Feb
4%
400
3%
Feb
11%
450
9
Jan
1
28
Jan
21
Jan
22
88%
Apr
Central S W Util common
50c
preferred-——.—ii.
117
*
u
67
67
150
8%
%
3,705
67%
90
%
'
*
Preferred
450
117
111
Chain
States
Belt
Power
Co
&
58%
Jun
7%
Jan
10%
19%
50
6%
6%
6%
18,350
48%
x47%
48%
850
44%
*
38%
37%
38%
700
35
19%
*
preferred
Chicago Flexible Shaft com new—.
17%
20
Jun
t
for
c
common
Preferred
Chicago'
62%
Chrysler Corp
*
5
capital
Cab
common
Cities Service Co
51 Va
50
13 Va Mar
19
78%
Jan
98
13%
Feb
2,250
3%
100
Steel
170
71% Mar
82% Aug
43
,
Aug
July
Co
38%
Feb
650
3%
Jan
4% May
50
21%
Jan
25% July
14%
14%
200
11
Jan
15
6%
1,150
3%
Jan
10
34 %
Jan
6
36
36
16
:: 16%
16
12%
Feb
10%
20
150,
Jan
July
Apr
17
July .:•>
15% July
Feb 11
2,950
6
Feb
12% Aug
xl8%
400
16
Jan
3%
9,200
2
Jan
19% May
3% Aug
32%
850
12%
32%
5%
1
5%
*>.
32% Aug
34%
Jan
5% July
3%
Jan
16%
16 Va
300
12%
Jan
17% July
|
14%
550
137/g Jun
18%
Feb
|
27% Jan
31%
Feb
28
Jan
33%
Jun
Feb
100
30%
29%
30%
1,150
15
30%
30%
30%
550
-f
;
capital—
'•
48%
100
49%
Jan
14%
15%
750
12
Jan
15%
Aug
24%
24 Vis
50
19%
Feb
24% Aug
36
36
36%
200
33%
79%
79%
33%
31
33%
78%
2
Lines:
48%
78%
59
60%
15%
5
*
*
5
20
60%
1
common
1
common.
.
8
•
*
•
7%
x29
29%
13
8
45%
77
600
23%
250
-
150
1
71
36% Aug
82 %
Jan
Jan
33% Aug
Mar
81% July
50%
Apr
3%
1,750
7,712
■
29%
Jun
Apr
Jan
63% July
8% July >
Apr
29% July
14
350
26%
13
13:'-
100
11%
Apr
5
•
common
5%
1,150
2%
Jan
8%
July
5% July
Bankshares—
Common
*
Radio
Corp
capital
10%
2
common.
Mach
7%
10%
450
<7%
1,000
4%
Jan
7%
100
5%
Feb
42%
42%
*
common
Jan
10%
7%
7%
5
42%
100
34
Feb
9
11% July
7% July
8% July
44
July
'
Club
Uten
Aluminum
Commonwealth
Co
Edison
common:
*
27%
27%
25
common
5%
28
3,700
5%
3%
2% May
24%
Jan
Jun
350
4%
Jan
33
33
50
18%
Jan
33
Aug
15
1
15
50
Jan
16
Aug
American Radiator & St San com
5% July
t
__
Com part
Common
shs v t c A.
r
6%
*
part shs v t c B
6%
5
100
2%
Jan
*■.
7
26%
19
Feb
99%
520
93%
Jan
24%
24%
100
20%
Jan
24% July
20
20
50
15%
Jan
20
10
650
450
■
27%
11%
12%
2,750
Feb
12% Aug
27 Va
26
27%
800
24%
Jan
28
Atch
67 %
66%
67 %
300
56 Va
Jan
71% July
62%
62%
100
56%
Jan
66% July
Jun
4%
Jun
Electric
General
'
Cudahy Packing Co 1%
99%
pfd—100
2%
cum
Cunningham Drug Stores
—
102
Mar.
Interlake' Iron
,
Martin
Co
9%
Dixie
Co
Cup
Car
Motor
T
Electric Household
Utll
Watch
National
class A
Inc
2
42%
100
45%
Jun
15%
-vW
15%
100
14%
Feb
15%
Apr
17%
17%
50
15 %
Jan
17% July
13%
13%
13%
100
10%
Jan
14% July
1
common
Domestic Industries
Jun
6% May
36% Apr
*
—*
common
Dodge Mfg Corp
Elgin
common..
10%
42%
.
'
Diamond
July
6%
6%
6%
1,600
5%
Jan
6% Mar
13%
13%
1,600
8
Jan
33
33
''
13%
5
Corp
15
Co
—
25
29%
*
14%
^
Aug
36% July
Jan
New
Fairbanks Morse
Fansteel
Drive
Fox
class A
Candy
General Finance
Corp
common
General
Foods
General
Motors
—*
common
—
16%
4%
750
3%
8% v
100
8
43
•
—
25%
4%
——
250
8%
4%
100
Preferred
1,100
16%
24%
1%
5
1
100
30
13%
23
—
41
28
13
30
*
10
Auto
(Peter) Brewing com new
General
41
*
common-.
Metallurgical
43
40
Jun
41
17
May
30
1,250
23
Aug
30
1
100
13
Mar
100
40%
Jun
2,000
51%
Feb
66
51%
10
42%
Apr
Gillette Safety Razor common
•
13%
13%
13%
200
8
Jan
13% July
Goldblatt
common
0
8%
8%
50
7
Feb
(H W) common.
*
14%
14%
15
350
13
•
20%
20
Illinois
Brick
Co
International
Katz
Drug
Co
25
55%
1
18%
Standard Oil of N J
Studebaker
S
Corp
Co
Rubber
:
common
—10
common.—
Cincinnati Stock
Last
stocks—
iPaT
American
20
Laundry Machine
July
Baldwin
Jan
15
Mar
Champion Paper
Jan
Jan
Churngold
13%
14
17%
4%
10
8%
7%
100
common
N
Jun
O
—*
:
Crank—
Ball
& T
P
Preferred
10
May
46% Aug
Cincinnati Street
14% July
Jun
Cincinnati Union
220
8%
12'a
Feb
300
13%
Jan
17%
2,400
5
1%
Jan
6
350
4
Mar
Cincinnati
8% Aug
Dow
17%
400
10%
Jan
22%
50
19%
Jan
23%
Jun
Formica
68
Apr
80
Aug
Gibson
80
—
80
200
1
17%
1
6%
*
*
6%
18
50
18
19% July
3%
6%
*
6
8
4%
Jan
6%
Aug
Jan
18% Aug
90
47%
Jan
52
July
1,800
1%
Jan
4
Jun
500
34%
10
2,350
250
3%
Feb
Jan
32
6%
Apr
4%
Jun
15%
6%
Jan
6% July
35
Feb
8% July
Jun
8
22%
22%
10
Jan
13%
100
10% May
6
1
2
22
v
86
May
Mar
29% July
13% Mar
2%
Feb
100%
Jan
107% July
Jan
108% May
Jan
122
99
118%
7%
3% Mar
Aug
Jan
9
Mar
Jan
72
80
July
11% Aug
25% July
11%
11%
11%
272
8%
Jan
'—•
22%
22%
22%
125
17%
Apr
31%
31
13%
31%
*
38
1
5
y
Jun
9
i
'—:
Preferred
__
210
22%
Kahn
Jan
8
May
Apr
14
July
30
May
35
Jan
38
25
29
Jan
40
17%
68
15
Jan
17% Aug
24
24
5
24
Aug
24
Feb
7%
13
•
Art
5%
57
17
*
10
!__
—;
Insulation
8
390
159
10%
Jun
Aug
*
11%
135
107/8
35%
35 Va
35%
159
31%
Jan
36% July
Lunkenheimer
•
26
26 %
26
240
21
Jan
26
Aug
Meteor
*
Procter & Gamble
•
56%
55%
56%
20
20
26
10
45 %
46
19
40%
Jan
12
12%
55
8%
Jan
Apr
46% July
13% July
39%
40
14
35
Apr
41
15%
15%
15%
107
12
Jan
17% July
20%
20%
20%
10
15
Jan
4%
4%
4%
159
24% July
5% Mar
63%
62%
63%
29%
30%
:
Rapid
U
S
U.
8
*
Playing
S.
.10
Card
Printing
•
Preferred
11%
12%
50
11%
13% July
6
6%
Feb
8
May
680
52%
Apr
59
July
Jan
22 %
8
July
13% Aug
Unlisted—
45
46
17%
17%
50
16% May
*
10%
100
8% May
13
July
Feb
600
32% May
13% Jan
34
250
5% Mar
10%
com
1
;
5
33%
16%
17%
10%
33
*
•
common
17%
470
Jan
47% Aug
43%
Jan
17% July
■
__
7
.
11%
7
11%
.
11%
6,100
ft
2,000
9%
Feb
ilo
7% July
American
City
Ice
Columbia
General
Standard
25
Rolling Mill
&
Fuel
Gas
.10
Motors
Brands
3%
Jun
298
51%
Jan
66
57
28%
Jan
33% July
July
11% Aug
Jan
Co—
Common
•
Convertible
preferred A
Midland Util 6% prior lien
7%
prior lien
7% preferred A
ft
ft
A Juiy
*
24
24
950
18% May
24
14
12%
14
250
5% Mar
15
Jun
100
14
13%
14
300
5% Mar
15
Jun
850
ft M&y
.100
24
%
%
--
Common
10
Montgomery Ward & Co
common
*
——
51%
,
Friday
% Aug
2%
$1 prior preferred
Cleveland Stock Exchange
Aug
100
Miller & Hart Inc—
27/8
450
1%
Jan
3% Jun
11%
11%
100
9%
Jan
51%
1,100
41%
Apr
51% Aug
Nacbmann Springfilled
common
National
common-
Cylinder
Gas
National Pressure Cooker
Standard
:*
17
36V2
Airlines
Northwest
Bancorp
Inc
common
common
14%
Jan
17%
100
11%
Feb
13% July
15%
350
12
Apr
15% July
36
40%
36%
350
32%
Jan
39
40%
350
33%
Jan
19
Noblitt-Sparks Ind Inc capitalNorth American Car common
North 111 Corp common
Northwest
400
12%
15%
capital
17%
12%
common
Par
Akron
Brass
Mfg
19%
350
17% Mar
Feb
II
•
Elec Mfg..
Brewing Corp of America
City Ice & Fuel
1.3
i_l
July
Clark
July
Cleveland Cliffs Iron preferred
Cliffs
Corp common
Controller
10%
100
10 Va
Apr
27%
200
19
Feb
27% Aug
Electric Controller
20%
400
16%
Jan
20% Mar
Goodrich
32
210
22
Jan
Jan
Eaton
Mfg
.....
(b
see
page 759.
32
31
34
Mar
19
Great Lakes
&
*
21%
Towing—
6%
Shares
Range since January 1
Low
High
6%
700
11%
12
365
19
19
100
5%
10
Feb
Jan
High
6% July
12 % July
13
Jan
20
40%
Feb
35
14%
Jan
20
Aug
52'a Aug
25 % July
100
18%
Jan
22
178
63
Jan
85% July
13%
Apr
19
July
50
41
Jan
50
Jun
21%
21%
80
18
*
80 v2
16%
18
a47% a47%
54
*
Rubber
for Week
a20% a20%
-
*
5
Sales
Range
a52 % a52%
...
...
f)
Goodyear Tire
100
—
__
41
11
6%
...5
38
20% Mar
Util—
preferred
For footnotes
Apex
x27%
20
Body
Week's
of Prices
Low
.50
&
10%
a
Sale Price
11% Aug
49%
Last
STOCKS—
American Coach
7%
10
250
r,.v
9
77
22% Aug
13%
__
--
8%
76%
8V4 Mar
10%
3%
3
Apr
—*
—
Eagle-Picher
Jun
250
6%
6
*
5
18%
200
8%
8
Jan
1,050
6%
34%
__
13%
6%
52
3%
200
6%
18
52
«—
5
*
17%
11%
50
:
Stock Yards
Drug
17
*
common
11
11%
..50
Telephone
Crosley Corp
22%
17%
West
22%
High
34%
Aug
45
Nor
50
122
8
37
12%
Jan
50
70
*
National
27
122
9 %
9%
46%
*
United
76
..100
Mfg
I
McWilliams Dredging Co common
Mapes Consol Mfg capital—
Midland
8
27
*
'
*
capital
7% May
8
400
common
Corp
Low
35
12%
9%
46%
17
58% July
20 % July
53% July
Range since January 1
25
McQuay-Norris
West
8
32%
106
1
Apr
Feb
25% Feb
106
July
McCord Rad & Mfg class A
Middle
Shares
20
*
Feb
14
High
C
1
Field
31%
31%
8
& Fibre.—.
Low
•"
11
preferred
Marshall
52%
July
9
.
of Prices
Apr
12
21% July
32% July
Sales
for Week
Range
Sale Price
8'a
46%
Apr
Exchange
Week's
Friday
100
3
Jun
40%
—
11
new—
Mickelberry's Food Products
1,150
11
—.1
17% July
28% Mar
1,150
19%
10
common
Co
56
__
■_
Lincoln
Co
16
50
30
common
Printing
450
107%
preferred
Material
8%
2,300
"
3
7
$8%
July
20%
30%
10%- 11%
107
Libby McNeill & Libby common
Line
12
19'a
30%
5
common
Cumulative
Apr
20%
Cincinnati Gas & Electric preferred.100
LaSalle Ext Univ common
Co
Mar
19% July
Kentucky Util jr cum pfd—.'
&
18
21% July
Ken-Rad Tube & Lamp common A
Leath
51% July
Feb
Api-
common
Kellogg Switchboard
Jan
15%
Jan
Co capital
(W B)
37%
800
11
Hilton-Davis
Jarvis
750
16%
19 Va
*
Harvester
50%
16%
15%
B
c
48%
16%
200
(new)
capital
Indep Pneum Tool v t
29
300
common
Illinois Central RR
Feb
19%
cap
class
23%
20%
Horders Inc common
Motors
300
:
19%
Spencer Bartlett common——25
Hupp
28
10
Hein Werner Motor Parts—
Houdaille-Hershey
27
"
Cincinnati
Printing Co common.
Harnischfeger Corp common
Hibb
28
,
__
com
Hall
Heileman Brew Co G
21% July
1
•
common—...
52% Aug
& Dk
Jan
•
43% July
63%
Dr
Apr >
15%
8% Mar
51%
Lakes
11%
2,650
4% July
62
Great
2,750
20%
•
Corp of America common
16% Aug
Jan
Jan
51%
Gossard Co
16%
19%
*
common
July
63%
Inc
20 Va May
16%
15%
13% July
*
Bros
Jan
250
16%
Aug
Jan
10
common
18%
39% July
10% July
20
Standard
Brands
Jan
Apr
Jan
July
10%
General Outdoor Adv class A—_
Corp
17%
6%
35
7
Republic Steel Corp common
Radio
U
Four-Wheel
(The)
500
1,150
—
•
Corp
Incorporated
Oil Co
5%
38%
—
July
5
(Glenn L) Co common
Paramount Pictures Inc
Pure
5'a
38%
*
1
common
York Central RR capital
1 Pullman
~5%
38%
•
Corp
Nash-Kelvinator
Dayton Rubber Mfg common—
1
Decker (Alf) & Cohn Inc common—10
Deere & Co common
:———*
•
Copper Mining
50
Topeka & Santa Fe Ry com—.100
Bethlehem Steel Corp common
*
Curtiss-Wright
1
Aug
25%
99%
—25
Co common
Crane
33
50
50
pfd part shares
c
12%
Anaconda
Consolidated Biscuit ccmmon
Consumers Co—
V
Stocks—
Unlisted
Jun
28
j
I
14
*
Industries
4
24
3
11%
32%
,
6% Aug
38
5
common
Yates-American
Zenith
13
2,500
/
1
i
Jun
5
capital
Oil-O-Matic
Woodall
250
14%
Apr
18
~3%
25
common
Inc
100
4%
24%
25
West Air
&
42
25
Radio Products
Wisconsin
17% Mar
15%
82%
-
15
4%
.1
capital.
Street Corp
Wieboldt Stores
Jun
3%
Apr
24%
—2
common
La Salle
8
64% July
Apr
Jan
11%
82
—20
common
Carbide & Carbon
S Gypsum
Utah
29% July
Mar
Aug
2%
950 V
13%
Walgreen Co common——■
July
350
14%
15%
10
common
50
16%
91% x94%
x94%
62%
xl6%
———
Yellow
25
(The)
Williams
25%
100
5 %
1,300""
21% x22 %
capital
Corp
U
Jan
25%
25%
——
5%
14%
capital
U
Jan
38% Aug
July
1,100
15
21%
Inc common
Corp
United Air L Transp
July
50%
Jun
Co
Co
208 So.
6% July
4% May
36
•
International capital——
Union
Chicago & North Western Ry—
V
&
Texas
July
67% Aug
1
-♦
common
Chicago Corp common
Convertible
8%
Light pfd—*
63% Mar
Jan
42
0
—
Indiana
Transcontinental
117
Jan
31% July
Jan
31%
4%
■,
4%
Jun
H Jun
iS Au8
% Mar
10
'
Central
Swift
Trane
Jan
of
Stewart-Warner
99% Aug
%
Jan
56%
100'
1
Bundstrand Machine Tool common
30% Aug
20
%
%
26
100
36
30
—
Sterling Brewers
July
12% July
150
2,220
29%
62
capital—5
Works
Lathe
Oil
Standard
Feb
200
99%
x96
94% July
19% May
1
Common
Corp—
Common
lien
5
Jun
30%
20%
21
Jan
Feb
•
Cummins capital
Bend
Swift
96%
4% May
79
17
*
13%
82%
pfd__J._L.l_—5
common
Spiegel Inc common
Dredge preferred
20% Aug
200
4%
,•
Co
Standard
41% July
19%
—10
W
South
May
16%
30
6%
Sinclair Oil Corp
8% Aug
400
10%
30
common
Pub
8ecur
'11*.
Jan
*
common———Li.—10
Co
Signode Steel Strap Co pfd—
Common
—1.;——
July
22*
*
preferred
17
Jan
5
<
5
14%
;*
Serrlck Corp class B common
Apr
12% July
8% Jan
10
convertible
Prior
16%
11%
1
__
50
28%
__
1
common:
20
18
62
*
common...
Electric
Sangamo
^Schwitzer
—1
Brothers
5%
19
capital
Common
Castle &
18%
Wire cl A pfd
Brown Fence &
Butler
19
*
common
Brewing Corp
Berghoff
Binas
Co
Radio
Packing
Raytheon Mfg
27% July
Belden
Car
High
34% July
36
100
common—
Oats Co
Rath
July
Aviation Corp (Delaware)
Belmont
Steel
Quaker
5% Aug
Jan
(The)
Co
Pressed
7% July
2%
5%
Potter
3% Jan
100
93
18
29% \
50
Jan
24
Jun
1%
1
capital
RR
450
•
4
93
r
Range Since January 1
Low
34
4
A————10
Peoples Gas Lt & Coke capital—
Circle (The) Co—
Shares
High
33%
5
100
common
class
Low
10
Perfect
113% Aug
7
1%
.3
common
Apr
May
156%
2,800
5%
1
—4
,
33%
700
B
Elec Switch
Pennsylvania
7% Aug
15% July
40% July
108
10
162% 162%
Jan
Coal Co
preferred
0%
Penn
Jun
12% Jan
700
39
112% 112%
64%
Feb
4%
5,950
15%
53%
(The) common
Peabody
High
Low
High
150
5
common
Athey Truss Wheel capital
Automatic
7%
15%
39
Parker Pen Co.
Range since January 1
Shares
62%
62
common———*.
Advanced Aluminum Castings
—-5
Aetna Ball Bearing common———1
Allis Chalmers Mfg Co
•
American Public Service pfd
100
Amer Tel & Tel Co capital
—100
Abbott Laboratories
Armour
of Prices
•f Prices
Par
for Week
Last
Bale Price
for Week
Range
Sale Price
Bales
Range
Friday
STOCKS—
——
54
2,232
Jan
25
50
Apr
57
a51% a51%
15
40
Feb
54%
Jun
a48%
199
36%
Feb
50
Jun
42
Aug
49
Jan
_*
a47
.—100
42
43
35
Jan
'
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
160
755
OTHER STOCK EXCHANGES
RANGE
Week's
Friday
FOR
WEEK
AUGUST
ENDING
18
Sales
Friday
for Week
Last
fj
\
Halle Bros preferred
if
Interlake
i
Jaeger
'
i
Low
100
Kelly
Range
Lamson
f.
McKee
Lime
National
Jun
23
Jan
13%
Jun
165
31
21
100
20%
12%
12%
500
11
a6%
a6%
179
5V4
Jun
41
90
36%
Jan
*
*
_
_
.1;
Paving Brick
Acme
...
_
,
"3%
•'
*■
_
?; National Refining
Prior
Chrysler
34
(A G) class B.___T
Metropolitan
34% July
33%
40%
^
Tr_
&
Sessions
&
Feb
Jan
33 Yz
__
_
■■■■**
*
18%-
13
•V. '' :*>"•»
13
*
National Tile
13
Exeter
Oil
Co
Farnsworth
July
General
116% May
Ohio Brass class B
Patterson-Sargent
i;
Reliance
'
Richman
Ij
«
"
__
_
..
II II—5
'
__
*
25
18%
•--30
13%
Jan
17%
Jun
11% May
13%
Aug
Bros
13%
25
Van
Dorn
Iron
Weinberger
1
White
Jan
100
3%
Jun
259
32%
Jan
44%
ft
1,204
15%
Jan
19%
Jan
17
.
17%
421
'
.
,
12% : 12%
81
£
39
13
Feb
20
Oil
Cleveland
Graphite & Bronze com..—I
Firestone
Tire
v-
General Electric common
1
Industrial
; ?
Interlake Iron
•
Republic
r,
U
a43% a43%
a48%
1
"
Central
29% July
ft
a9%
45%
Mfg
ft
common
__
Feb
35%
Apr
a
ft
S Steel common
19%
6%
Jan
87
a58% a58%
•
6%
15%
Jan
67
Apr
21% July
Apr
63% July
50%
Elec
Oil
Corp
Oil
6%
Chicago Stock Exchange
6:
DETROIT
class
Week's
Friday
Last
Oil
Low
—1
Baldwin Rubber common.
Edison
Gray
Steel
Eureka
Corp
Vacuum
200
8%
V/b
Gar
Gcmmer
Brewing
Industries
Wood
455
6%
Jan
9
525
27%
Jan
38
140
14%
Feb
16 %
Aug
Amer
3.702
4%
Jan
8%
Jun
Amer
8%
-
6%
4%
400
7
^
6%
1.429
18%
1.500
75c
Finance
General
Motors
Jan
6
,
5
6%
Goebel
Grand
common
Valley Brewing common..
Ball
Hoover
Hudson
Kinsel
Drug
common
LaSalle
Wines
Mahon
(R
100
7% May
11
585
5%
3%
1.200
2%
Jan
7%
4%
Jan
7% Julv
Mid-West
Motor
Products
Davis
Parke,
Parker-Wol
Car
Peninsular
Mtl
Prudential
Invest
Pr
_•
*
»
—i.
Mfg
:
5
26c
Udylite
U
S
Radiator
Class
class
Walker
&
A—
5
5
Jan
8%
50c
600
57c
21
Feb
1% Aug
May
1
May
28c
•
Jan
3%
4%
Jan
Bandini
Barker
27
Jan
27
Jan
36c
3.175
1%
Jan
77/a
-300
5
Jan
8%
100
5
Jan
9 %
Corp
Company
....
Berkey & Gay Furniture Co
Diamond Corporation—
Blue
Bolsa
Chica
Oil
Corporation
Byron Jackson Co
For footnotes
see
page
759.
150
36%
Jan
42% Aug
24
460
24
Aug
27%
Apr
5c
5c
4,000
5c
Mar
48
50
200
41
Jan
50 ■'
Aug
14
14 %
429;
10%
Jan
15
July
50
__
2c
4%
600
3
934
__
11% July
4%
Jan
4%
__
9%
100
7% May
Jan
4% July
Jan
10
May
24%
24%
24%
2,734
22%
Apr
24% July
*31%
3134
32 %
756
30%
Apr
32 %
30%
29%
Jan
30%
"824
a36% a36%
40
36%
170
__
__
36%
__
Feb
31%
Feb
36% Mar
36% Mar
34%
Jan~
36%
Jun
29%
29%
100
24%
Jan
33% July
37
37 %
1,689
35%
Feb
39
6%
37
6%
603
5%
Feb
9%
July
2 %
1%
Jan
2%
Jun
3.400
16
13%
;
450
Jan
9
225
22
24%
Jan
;
Jun
•
13% Aug
(B
7
Interlake
Iron
Nickel
1%
6.400
.13
Jun
2% Aug
Feb
163% Aug
27%
—5
—1
Mountain
North
1% May
2% July
North American Company^
4/
100
2%
Jan
4% July:
6%
Jan
1%
Jan
4% July
6
Feb
8
200
4%
4.090
.
600
8
8
1%
1%
1%
3.400
5%
5
5%
700
Aug
July
2
Jan
98c
;
13%
York
Aug
5% July
Jan
Aviation,
Corp
Oil
of Prices
Shares
Range since January 1
Low
Par
Low
High
4%
4%
600
2
High
3% July
4
400
17
400
51%
25
4
17
51%
..
12 %
6'/a Feb
17
Jan
Jan
.
..
Jun
51% Aug
214
2%
2,700
%
Jan
27/a Aug
2.30
2.40
625
1.80
Jan
2.50 July
1.80
1,260
1.95
•
a2234 a2234
50
1.30
21
Jan
"Apr
Feb
18
Jun
25%
Apr
28
Aug
1% July
15% July
Jan
5%
125
215
16
16
2.00 July
22%
Jun
8%
Jun
19% Aug
Apr
4%
6%
Jun
17
May
Jan
Jan
Feb
39% July
a42%a43%
43 % July
•: a50% a50%
30
43
5
534,
a38%a39%
9%
9%
a30% a3034
5,355
19%
32
32
8
8
a64% a64%
a23%a23%
—
5%
—
a30%
Oil
(N
Corp
Company
J)
Feb
6%
Apr
32% July
8% July
65% Aug
330
7
51
135
20%
a22% a22%
—
—
a95% a96%
13% 13%
a27
a27
—
__
32%
a56
alO%
.
a2934 a29%
32% 32%
a55%
a56
al0% alO%
19% 19%
a2934 a30%
25
Aug
1% Mar
15%
Jan
21% July
7%
Jun
9% July
16%
Jan
19% Aug
18
Apr
345
25
Jan
50
Feb
19%
1,433
23
Apr
42
6%
a27% a27%
a51%
al6%
Jan
23
510
575
5%
—
19%
30%
65'/a Aug
375
630
a96%
13%
1
19% Aug
al7% al7%
—
25.
31%. Jun
Jan
8%
—
:
9% July
Apr
12
20%
m
15
*
Inc
Jan
25%
1%
a29% a29%
22% 22 %
a47% a51%
a 16% al634
11
11
20% 20%
*
^.25
25
6%
195
200
•
Co—_——
(Ind)
Co
Oil Co
M9%
a47%a49%
Texas Gulf Sulphur Co
•
a35a35%
Tide Water Associated Oil Co
10
1534 15%
Union Carbide & Carbon Corp—_—*
a7934 a79%
Union Pacific Railroad Company—100 al09% al09% al09%
United Air Lines Transport
5
a33%
a31% a33%
United Aircraft Corp
—5
a28%
a29
Texas Corp
(The)
25
a49%
—
—
—
—
,
Jun
7% Aug
36% July
Feb
250
50
134
J9%
8%
18%
—
20
25
•
*
♦
Inc
Webster
48%
134
—
53
Mar
1%
28% Jan
125
19%
8%
50
46
35%
19% July
Jan
6%
Aug
25% May
28%
Jun
26%
Jan
30% Jun
Feb
24% July
3%
420
20%
384
41
50 %
May
July _
70
Feb
18
Mar
429
8%
Apr
12
July
185
;
15%
16%
Apr
July
25
24
21% July
.
24%
Feb
181
88% Mar
.97% July
815
12
Feb
>14% July
22 %
Jan
J
50
75
29%
358
53% Mar
70
8% May
34%
32% Aug
82
28
July
31% July
Apr
■.,.t
Jun
55% May
10%
Jun
1,765
13%
Apr
20
155
27%
Jan
31%
Feb
49 %
July
37
July
5% July
Jan
44
&
Feb
14%
40% May
Del
of
61
Brands
Studebaker
Swift
5
35
Feb
1
Inc
Corp
Co
Roebuck
&
Feb
Jan
6%
America
of
Steel
Stone
Jan
4%
75
*
Pictures
Republic
Standard
for Week
Range
45%
65
Co
Car
Pure Oil Company
Standard
Sales
Week's
Jun
50
347
%
30
Pennsylvania Railroad Co
Phelps Dodge Corp
Pullman Incorporated
Standard
12% July
52
33% July
5%
•
Inc.
Company
Motor
Seaboard
3%
Jan
Mar
11%
—-—1
RR
Central
American
Paramount
Radio
8%
165
•
5c
City Copper Co
3% July
4
30
74
215
—
Apr
5% Aug
85
155
.—.18
Robbins, Inc
&
Jan
4% Mar
a35
5,475
__
9%
150
Jun
July
al7% al7%
—-
2% Mar
5%
15
11%
13% 13%
a7% a8%
19% 19%
5%
5%
1
Inc
Oil
66 Vb July
13% May
1
—
Packard
41%
Apr
60
a8
19%
—
Ohio
Jan
57%
20
•
3%
July
34%
a28% a28%
7
*
525
6
50
281
a28%
—
650
13%
—
•
3% July
Apr
18% Mar
a38% a38%
*
McKesson
Jan
15%
20
a49% a49%
4%
4%.
al6% al67/8
—
*
Montgomery Ward & Co Inc
Jan
23% Aug
al7%
Canada
2% July
2%
5% Aug
Feb
al034 al07/a
a43%
4% July
2%
32% Aug
3% May
19%
a32%
—
Corp
New
May
July
a38%
...
Jan
Jan,
32
70
__5
Jan
Jun
10
a41% a41%
a61% a627/a
aI4% al434
al07/a
Libby, McNeill & Libby
Loew's,
Jan
820
July
6% July
Apr
56
280
1
...
1%
400
4%
*
Corp
Corp
28
Jan
5
189
23%
23%
.
__
%;•
25
24%
520
i-
al6% al6%
23%
a33
*
6%
445
27%
6
a66% a67%
a3134 a3134
5
5
al434
Corp
Corp—_—
3%
5%
Aug
43 Vb July
Jan
...—*
"400
12
12%
Jan
9
Feb
aC2%
Co.———..25
5
11 '/a
May
36%
.5
i
635
*
1,100
5c
156%
International Tel & Tel
13
•
12%
7% July
79
6%
—1
Kennecott Copper
;
l%c Feb
596
27%
Corp
of
6% Aug
4
5% May
1,000
a40% a40%
__
5
Corp
Co
13%
2%
800
2%c
12%
12%
50
Railway Co pfd
31% Aug
13
Aug
6% July
al63% al62% al637/8
*
Motors Corp
Jan
2%
7%
2%c
__
*
vtc
Co
Apr
1.165
1.95
10%
Jan
Corp
F)
Feb
9
5%
1
—*
Apr
3%
Jun
—-1
3%
3%
2.40
7%
400
Share Co
&
Foods
26%
5%
5%
—2
300
634
10
A
586
3%
*
^..50
—.1
10%
634
Corp.—
400
3%
\
10%
...
Southern
3.500
900
4%
20% July
Co
Co
Aircraft
6V'8
2%
13%
22% July
..5
Elec
&
Great Northern
Int'l
3%
'■
10%
*
Solvents
Graham-Paige
2%
*
Gas
Goodrich
3%
,
Jan
Feb
9%
3
Ry
Tractor
31%
4%
7% July
Apr
7% Aug
;
"2%
i
common
preferred
42
24
25
&
General
July
'*
Pacific
Electric'Bond
3% Aug
3%
50c
■
42
_.
15
Vultee
Class
Feb
Angeles Slock Exchange
Corp
Jan
10
Curtiss-Wright Corp
Jan
24c
25
10,313
7%
11
5
Sale Price
: ;
Petroleum
Bros
5%%
-
8%
3%
8%
Corn-
Co*.__
Crown Zellerbach
5% Mar
800
STOCKS—
'
363
950
—1
Works
Continental Motors
Aug
2%
280
27
2%
Last
Accessories
Jan
10
18%
Edison Co
Cons
Aug
100
2%
Friday
•;
July
~7
____1
Socony-Vacuum Oil Co
Railway Co
Aircraft
46
18%
pfd
Southern
'
Jan
5%
3%
24
100
Commonwealth
16% July
Jan
19
102
3%
a:
11%
Sani
Commonwealth
Sears,
"
40%
20
200
<
291
Co
Columbia
1 % July
Apr
7.825
91c
12%
2%
——i
Los
265
45
57/a
37% July
34% July
10
_5
6
'
13
Products common.__.__4
Wayne Screw
43%
Jun
Jan
32% Mar
2,079
Corp
31
6 Vb
8
common
35%
40
2,867
Co
Airplane
Commercial
400
13%
■
31%
—_—*
class B
Aircraft
Warner
.
•
Co
96
200
r
1%
22
13%
Oil
Caterpillar
Aug
2%
2%>
L____l
B
163
19 %
Co
Aviation
Canadian
May
8%;
*
common.
Cooler
Universal
1%
3%
•"
,
1
common
3714
33%
19
Corporation
Borden
1
—
Dist
37 %
6% Mar
5%. May
a22% a24%
& Tel Co
Boeing
1
common
common
Shirt
-
2%
i
1
Tivoli Brewery common
United
7
25c
:i
•-
-.3% i-'
1
10
"B" common
Tube
4 '
Feb
3%
4
common..^
Simplicity Pattern
Standard
Jan
1%
16
1
common
common....
Scotten-Dillon common
Sheller
2%
12.391
20%
0 V
Raisin Paper common
River
100
5%
1%
—1
common
common
3%
27
common........
Jan
65% July
90c
____________—10
Motor
Packard
30%
19
Bethlehem Steel Corp
4% July
Feb
15%
"3%
.1
common......
Corp
Murray
Jan
52%
Stan
Refining
Bendix
Aug
3%
383
20%
1%
common—50c
Abr
,
J564
16
I
common.—2%
Tube
Steel
.15
Mar
4%
627/s
20%
Michigan Die Casting common.
Michigan
12
215
15
Jan
1%
—
.—2
Micromatic Hone common
303
9%
Mining Co
Locomotive
Barnsdall
10% Aug
3% May
4.035
5
pfd
A
Aug
3%
1
^—1
common—
class
C)
150
Topeka & Santa Fe Ry_.100
Atlantic
Baldwin
'
1
McClanahan Oil common
61/s
3314
a24%
Inc..;
Cement
Copper Mining
Co (111)
&
Atchison,
12% Aug
4%
"5%
*
common
common—
May
3%
2
Mining Co
Tel
Anaconda
Armour
1% Aug
6% July
10%
14%
Lines,
&
Rad
11% July
557
11
6%
r
—i".
1
Car
Lakey Fdry & Mach common
25c
3314
al5% al5%
25
Smelting & Refining Co...
Jan
3%
62%
1
Mfg
&
"7%
Bearing common—...10
&
Motor
Lock
^
3%
1
1
1
;
Jan
20
6%
Inc..5
Western Air
California...'
Gold
Aviation
11
10
Brewing common..
Graham-Paige
Hurd
—
Jan
48c
1
...
Portland
American
:
'1.800
127/a
;•
12%
—*
common
common....
30
2,500
16,000
Unlisted Stocks—
Jun
21
Jan
l3/i
'
—
3
Mfg class B._—
General
Jan
Jun
22
30c
Aug
1.25 Mar
«.
7% July
Jan
20%
1%
% Jujy
Aug
9%
common...
common
14c
Jun
16%
'
FraiiKenmuth
2%
Jan
20 Vb
-
Motor Truck common.
Federal
Feb
Mining Stocks—
38
8
7
1
5
—■
'■
20%
5
common
1%
8%
8
20
_
common..
17
Jan
Jun
7c
3%
»
Corporation
of
Air
Cardinal
16%
connnon__lU
common.
Detroit-Michigan Stove common.^
Detroit
18% AUg
11%
»
Alaska Juneau Gold
Range since January 1
Low
High
38
1
common—
Nav
8%
_10
Iron.
Jun
291
Sales
Shares
High
1%
;—*
—
Paper common.;
Cleveland
<K
1%
—i
common—
Detroit
15 %
18 "4
Aug
Apr
Feb
25
Calif
Corp
Oil
Yosemite
for Week
Range
of Prices
Sale Frlce
STOCKS—
Detroit
Mar
57/a
25
pfd.,.
Co
Western
Detroit
44c
25
Ltd
i
of
Jan
95b
__
25
Co
30c
"30c
__
*
A
Oil
2,500
1
May
25
Co
Co 6%
Pacific
Jun
44c
10
Telephone: Randolph 5530
Detroit Stock Exchange
Motors
Ltd—
C
Southern
24c
5%
l
Co,
Calif Edison
pfd
6
Jan
a34!4 a34%
.—15
Company
Gas
Jan
4c
196
25c
Stores
preferred
Jan
1%
5,000
__
1
preferred class B
5%%
8%
950
1,000
1,100
__
•
Southern
New York Curb Associate
100
5
13c
17
•
Corporation
16% July
8c
3314
Sinclair
Oil
914
22
*
Chain
Jun
Feb
92%cJan
1.00
30c
Signal Oil & Gas Co class A_—.
Aircraft
July
8%
7c
1
Corp
14 %
49 %
17
*
Go
Jan
Jan
72%cJun
97 %c
__
__10
common
10
38%
395
1814
...25
common
15
13c
1814
«
;
300
13%
44c
__.__25
Trading Corp.
Union
Continental
Jun
16
1
_
common
Transcontinental &
Mfg- common
Jan
65%
1,200
._
30
Union
Transamerica
Consolidated
14%
Jan
15%
1
Co
Aeronautical
Sunray
Briggs
Apr
Jan
Mar
75c
1
common
Standard
Electric
39c
9%
52%
75c
—10
Corp
Lighting Corp
Sontag
Ford Building
Allen
30c
152
760
(
a47!4 a47%
25
Richfield
13%
.
75c
1
.
Products
&
Southern Calif
i
13%
1
Petroleum
Solar
Detroit Stock Exchange
10% July
55% July
13% Mar
2,900
30c
13 >4
10c
...
Republic
Members
v:£
Jan
a61% a63%
914
Pacific Western Oil Corp
Co.
Watling, Lerchen
.
30c
1314
__
__
a63%
Jun
55% July
11% Aug
10
12
4%
Co
1st preferred
Pacific
21% July
16
Shell
-
11%
9'4
L*t preferred
Sierra
-
12
May
13% July
24% Jun
2,158
a53s/s a53%
__
4%
Security Co
;
7%
41
alO% alO%
__
l
Ltd
Clay
Gas
Ryan
New York Stock Elxchango
Jan
...10
Company
Pacific
10% July
110
19%
a
20%
__.10c
Petroleum
Oil
Pacific
39% July
42% July
55
a9%
Oceanic
Jun
Feb
35
20
al9% a20V4
_
630
»
Co
Corp,
514%
common
24%
____1
Corp
Los Angeles Investment Co
Jun
51
37%- Apr
38%
30
129
ft
Steel
60
Vb
common
common
a 49
a38 % a38 V2
a38% a387/8
ft
•
ft
Rayon
York
New
'
.
common..-10
Rubber
&
24
*
com
Aircraft
Occidental
'
Co
Packing Co pfd
Petroleum
Lockheed
July
Unlisted—
i1
24%
•
Co
Rubber
Co__._.
Lincoln
Nordon
•
&
&
Brothers
Jade
Menasco
vi-
Jan
1
Hupp Motor Car Corp
4% July
Jan
8%
129
a26% a27'/a
I -~_I50
...
Hunt
Jun
38%
.
a43
-/•
'
ft
Stores....
Motor
■.
■
..
McBean
Goodyear Tire
July
32%
4
a43
38%
ft
Works
Drug
38%
4
Basin Paper
Thompson Products Inc
9%
10
Hudson Motor Car Co
17%
River
L
Radio
Holly Development Co
22
13%
■
1,285
95%
2% Aug
17%
22
&
73
Jan
1314
______1
24% July
84% May
12 J4
*•
common..:
Jan
22 '•
—.*
....
Electric
'
77
12%
L—4
A
Corp
a91s/8 a93%
—
1
;
Inc...
Apr
2,938
Gladding,
it
'vV
Ltd
High
45
•
Corp
Television
Motors
Low
25
63
»
America
1%
2%
2%
■
--
of
Products
Range Since January 1
High
63%
63
...__5
Douglas Aircraft Co,
Electrical
19% Aug
Feb
Mar
110
Creameries
Aug
Shares
Low
—__100
Corporation
Mar
r
4%
Jan
10%
50
100
■
114% 114%
Investment Corp
Consolidated Steel Corp
Preferred
7% Aug
41
Jan
13%
10
13%
13
•
__
new..,
preferred 6%
•
Mar
3%
176
•3%
3%
Par
Central
43%
for Week
of Prices
Sale Price
High
50% July
145
21
•'
Steamship
Island
Low
High
50%
^
STOCKS
Range Since Jannary 1
Shares
50%
•
Machine
;
u
of Prices
Par
'
•
••
■
Sale Price
Sales
Week's
Last
'
STOCKS—
216
75
315
22
13
46 %
Apr
33 % May
,13% Jan.
78 %
Feb
108 % May
July
16% July
82
July
108% May
220
22%
Apr
32
July
17
26%
Jun
30
July
THE COMMERCIAL &
756
OTHER STOCK
RANGE
Week's
Range
for Week
Low
*
Western
60?«
43 Va
al3'/i
a47%
--
Jun
Oil
Devonian
al02 /« al05
2,^
Brewing
Pitt Brewing—i—
50% May
11% Apr
62Va July
Fort
14% July
Harbison
42%
Feb
52% July
Lone
93
Feb
99%
Mountain
37
277
Jun
—
Feb
19% July
National
Fireproofinj
39% Mar
National
Radiator
Corp
Philadelphia Stock Exchange
Range
of Prices
Sale Price
stocks—
Shares
Low
Par
"""
?o
—50
*
*
—-•
—
(E Q) Mfg Co common
Wheel Co
Budd
Budd
Pub Co common
preferred
Prior
Apr
35
10
35
Jun
40
100
34'/,
Feb
52
11%
823
5%
Jan
10%
10%
60
7%
Apr
11
Jan
98
Aug
Paper
Scott
Oil
Sun
Preferred
United
Corp
common
preferred
United Gas Improvement
$3
Apr
51%
Feb
66
17%
12
Jan
3
Feb
10%
8%
Jan
5%
•<
6
/
20
4%
12
161% 162
Jan
5%
7
Apr
4%
7,944
170
V
22
27% «'■/
23%
Jan
117% 117%
10
116%
Jan
29%
29%
201
28%
Jun
34'A
34%
35%
245
25%
Jan
Phone
13%
20
11%
Jun
13 J/4
SI. Louis Stock
42%
412
38'A
Jan
43
Last
Par
American
Inv
291
53%
Jun
60'A
Jan
VA
100
1R
iV
16
A Mar
1%
1%
1%
121
1% Mar
1%
1%
967
36
1%
35%
36%
914
Low
1
9
——1
30
100
*
*
33
common
7
%
2
Jun
Hussmann-Ligonier
Jan
37
Apr
Preferred
1%
11,236
1
Jun
2%
Jan
20%
93
15
Jan
20%
27
10
22%
Feb
28% July
'
Low
114
115
5
Oil
&
*
—100
100
Co
-
Steel
Aldermac
High
Low
50
24 Va
Steel
Algoma
_•
common...——•
Corp
Ltd
Aluminum
pfd._100
113% Mar
7%
100
3%
St.
115
Anglo
Gold
Aquarius
Jun
Gold
Arjon
28
WEEK
ENDING
46'A
95
8%c
47
115
49
115
2 J/e
1,315
5,930
215
8%c
1,500
27
Jan
1.10
Jan
10c
2,000
15c
28c
18,595
11%
5
97
10
89
90
90
99%
92
295
88
100
65
99 Va
49% Aug
Jan
97
__
4% July
Apr
58
34,200
25c
Jun
Jan
98
May
99
Jan
58'Ac
Feb
65c
4,200
705
1.06
91c
1.15
45,200
55c
Jan
23c
25c
500
17c
May
1
32c
Quebec Mines
l
22%c
Aubelle
Mines Ltd
Gold
1
68c
10c
11c
30c
..
32c
20c
23c
62c71%c
Feb
Jan
7.15
10 %c
1.79 Mar
14c
July
62c
5.75 May
10c
3,500
30c
1,200
Aug
"A"
Aug
Dominion
Porcupine
45c
Apr
500
7
Jan
39'A
39%
8»A
500
102
July
76c
Jun
8.05 July
1.15
Aug
34'Ac July
18'Ac
17
17%
22
22
May
1,746
5,000
1
14c
14c
14c
3,200
3.20
Jan
Bankfield Cons Mines
Bank
of
Bank
of
Bant
of
100
Nova Scotia
Metals
172
100
259
—100
Toronto
Bread
Barkers
Base
Montreal
260
0
Mining
__
*
common
16c
164%
172
July
12c
Aor
85
146
4.40 July
23c
24c
July
Feb
Jun
20
Aug
37%
Jan
44
Mar
*
16
53
229
July
260
Aug
53
230
May
260
Aug
100
16c
17c
6,100
3
3
30
10c
Apr
Jan
Power
class
B
*
3
2% May
50
10 "A
10%
6
5
10
_15
21'A
21%
160
11
11Y
16% July
10% July
Jan
9% May
17
3 'A
Jun
24%c July
Jun
4
Jun
22
Mar
205
9
Feb
12% July
276
11%
34
33%
34
31
Jan
35'
Week's
*
Mar
*
Ltd
Sales
Range
for Week
of Prices
'
Sale Price
Shares
High
1.18
1.25
30.382
69c
Jan
1.40 May
84c
83c
37.800
70c
Mar
93c
84c
1
Low
723
Building
Products Ltd
•
Bunker Hill Extension
Mines
Range Since January 1
Low
1.22
7.300
Burlington
18
18%
205
4c
4c
2.000
10%
10%
155
1.73
1.80
2.900
21c 23J/2C
3.100
•
■
.
♦
Steel
*
Calgary & Edmonton Corp Ltd
Oils, Ltd
*
Canada
Bread
—
*
Canada
Cement
Calmont
Foundry A
Malting
Packers
A
Permanent
Canada
Steamship Lines
Canada
19
110
&
147
"
—
•
common
'
.
—
"
3.55
High
6.20
Jan
9%
5'Ac Mar
15%
Jan
812
21
Jan
3c
Jun
5c
Canadian Bakeries
com
i
1,
of
Preferred
1st
May
115% July
103
18
May--
22
Aug
Feb
50
Jun
90
Jan
111
Aug
32
>
149
Jan
145
Jan
153
Mar
65
9%
Jan
12% Mar
95
31'.A
Jan
40%
25
60
Jun
68
Aug
50
18%
Jan
23
Aug
6
July
68
;
5
100
5
5
May
Aug
-25
91
Feb
96
Jun
135%
150
236
128
Apr
150
Aug
7%
7%
710
5
Jan
,
150
*7
85
95
;
8% Mar
40 "2
Jan
45
•
14
14
155
818
Jan
14%
23%
23%
135
22%
Jan
24
Jun
16^8
16 %
16%
361
12
Jan
18
Julv
9
9
9
25
8
Apr
10% July
28
28
26%
26
26 %
42%
43
60
19
19
200
6
61'4
520
62
62
35
•
common
•
preferred
&
Old
preferred
Foundry
25
25
—
25
.25
„——
Celanese
42%
*
common
preferred
New
Canadian
9'A July
20
Canners
preferred
Car
Feb
Jan
45
23
9
25c
7
6'A
11%
68
100
common
2.24 Mar
412 May
39%
23
100
Commerce
;
Jun
July
39
39
*
.
Preferred
Jun
May
11
Jan
July
43'4
100
111
*
"A"
55
•V
50
*
class
Cable
Class B
10
20
,
1.70
18c
■
Jan
July
11%
'
M.
50
Wire
49%
—-
Mortgage——100
Preferred
225
9
112'2 112'2
—
*
•
1.058
7
8 '2
8%
*
Canada
•
6
•«—.
—100
Canada
-
22c
•
*
common
Preferred
Canada
1.73
l
common
_•
•
common
42%
*
Canadian
Dredge & Dock
Canadian
Industrial Alcohol
Canadian
Bathurst
16 V»:
•
—1
6c
Canadian
260
2'A
16% Aug
12% May
15
5.70
Conv
2%
Aug
32
6c
May
245
260
22
Apr
67
5.50
Aug
172
2%
241
16
i. ; //>: 470
6c
Canadian
10c
Jun
18% July
38
5.60
Breweries
15c
July
16% May
20
•
Canadian
4.10
23
16%
•
1.04 May
14c
17
Feb
20
Mines
Apr
3.90
175
9% July
Apr
16'A
16'A
Mines
28c
14c
50
Gold
35,600
4.00
2.415
Apr
58c
Jun
July
39% July
Jan
12
Gold
Bank
1
Y 16
Apr
10
Ankerite
Canadian
1
1%
5
25
Canadian
71'Ac Aug
Bagamac Mines
A
15%
Buffalo
31'Ac July
90c
9%
35%
173
8%
Buffalo
Jan
83c
15%
14
15
v.
*
*
common
Mines,
July
83 %c
July
500
20
Oil
39c
1
12
25
1%
11
8%c
Aumaque Gold Mines
Aunor Gold Mines
Jan
11'A
1%
Aug
MARKETS
586,650
54,300
Aug
11%
48
May
July
6.95
1
Aug
14c
13
Jan
48
10
15%
Dry Goods common
Canada
96
Aug
6%
25
■
115
33c
Apr
8"% Mar
65c
„
High
Apr
7'Ac
11%
26 %c
Astoria
Armistice
4
1.48
1.60
llcll%c
1.55
Range since January 1
Low
11% Aug
48
20
common
Pub Serv
AUGUST
Broulan
Shares
33
13
common
Wagner Electric common
for Week
High
'■[
Feb
Jan
10'A
8%
common—25
Cement
Stix, Baer & Fuller common
LISTED
FOR
Candy
Louis
British
7.15
1
Mines
Aug
104
535
48
Last
1
Ltd
111
13
33
39%
STOCKS—
*
Mines
Gold Mines
May
111
10'A
10
common—*
—
& Supply
Scruggs-V-B Inc common
Aug
11% July
5 % Mar
Jan
*
Canadian Oil
HuroniaL Ltd
Anglo
Area
Canada 5 %
of
Co.
•
common
May
33
Par
Range
3%
3%
100
Preferred
Aluminium
30
25
Bearing Metals
Rice-Stix
29% July
Apr
Portland
National
Range since January 1
Sales
of Prices
1
Copper
Feb
20
common
Piping
National
com
common
Machine
Exchange
Low
8%c
1
Oils
Consol
Aug
23%
*
Prod
Clay
Missouri
455
Week's
Par
Pacific
9
245
5
International Shoe common
Canadian Funds
Sale Price
STOCKS—
Gas
Jan
30
I
•h:
Shares
'200
10%
4%
—
-
27%
10
Last
Ajax Oil & Gas
6%
111
—50
100
Midwest
High
27%
—
common
1936—
ser
McQuay-Norris common
* for Week
of Prices
27%
com
Preferred
Sales
Week's
Range
Friday
Alberta
;
280
Aug
27
.
Acme
High
Low
9
28%
Huttig (8 & D) common
5
Hydraulic Pressed Brick common—100
July
1%
preferred
Brewing
Griesedieck-Western
1% July
Jan
1
31%
Electric
Emerson
IV4 July
ii May
20%
*
I
Range since January 1
High
9
Friday
preferred
preferred
Sales
Shares
of Prices
Sale Price
STOCKS—
for Week
Range
Feb
59%
Toronto Slock
7%
593
Exchange
Week's
Friday
Aug
1%
RANGE
6%
CEntral 7600
Bell Teletype SL
New York Curb Exchange Associate
Feb
56%
Par
common
Feb
' 28'A July
•
Missouri
J
Chicago Board of Trade
Mar
119
CANADIAN
Power
Apr
'
St. Louis Stock Exchange
36% July
13 %
Co
Power &
21 %
94
Aug
Aug
33'A
1871
.
Aug
18% May
1,583
41
-100
"
Columbia Gas & Electric common
*
Abitlbi
£•;:
6
11
Jan
Feb
30% May
Associate Member Chicago Mercantile Exchange
Jan
26 'A
2,308
59%
1%
Preferred
Blaw-Knox
100
North 4th St., St. Louis 2,
Chicago Stock Exch.
July
19%
Sale Price
;
Jun :
July
Jun
161'A May
26%
41%
stocks—
Steel—
273
26 'A
3%
6%
3,277
32% ;
10c
7'A July
19
Last
'V.' .Y
Jan
31% Julv
25%
Friday
Ludlum
2c
Apr
Jun
121
Feb
New York Stock Exchange
Aug
5%
Jan
Jan
26
2,367
29%
4
10% May
7'A Mar
Pittsburgh Stock Exchange
V/;
6
11
32%
Members
July
Landis
V
G
Established
Laclede
■
5%
10%
27%
300
Laclede-Christy
Allegheny
2,000
4%
Edward D. Jones & Co.
17% Aug
60
200
694
4
5%
10
20
Coal
8c
32%
Burkhart Mfg common
*
Westmoreland Inc
Westmoreland
39 Va
815
*
common—
7c
V*
6%
A
Jan
95
90
7c
Feb
1%
200
105
Aug
16'A Aug
Jun
St. Louis Listed and Unlisted Securities
Aug
25
*
Mining
Transit Invest Corp
16%
382
28%
29%
35%
*
*
1
25
common-
—
Tonopah
13'A May
63%
4
19%
26%
1
1%
5%
119
10%
52% July
Apr
17%
—
100
Aug
8% July
" 2
■:
Jun
44%
7
3
———■—*
Mar
5
40%
—
——100
25
—■
2,361
5%
$1
14
2,820
16 '/4
10
Jan
164 'A July
43%
5 A
29 A
50c
20% July
.
47'A July
50
50
Penna Salt Manufacturing!
—50
Philadelphia Electric Co common
*
Motors
16%
10%
Pennsylvania RR
Reo
70
-
62%
63 A
17%
*
-1
preference common
4,4%
preferred
Phila Elec Pow 8% pfd
Phllco Corporation
1,126
16%
Jan
78%
100
10%
52%
16%
44%
Light
2
120 >/4
1
..
Steel——
Jun
10%
92%
8%
;
52%
Pennroad Corp
Jan
12% July
Lehigh Coal
National Power &
6%
5%
-
Springs
Alloys
July
10%
*
& Navigation—
Lehigh Valley RR——
969
Jun
50
91%
———*
—1
Co
Engine
Aircraft
8%
-
22% July
35
//— </
10'A
"
—1®
Motors—
General
Gimbel Brothers
Jacobs
18
13%
& Light (wd)
Storage Battery
Delaware Power
Electric
156
90
51%
*
Jan
335
364
11%
—
——
14%
18%
22%
5
Chrysler Corp
Curtis
,
Jun
1%
Westlnghouse Air Brake
High
19% July
50
Locomotive Works vtc
^13
Bankers Securities Corp com———50
Baldwin
Preferred
Low
22%
6
V
Steel
Vanadium
Range since January 1
High
18%
Tel Si Tel
American
Apr
7's
5%
1
Toy Mining
Shamrock Oil & Gas common...
162% 164-
American Stores
15%
16'A
120'A
,—
San
Standard
for Week
Last
3%
52
100
4'A
'
Sales
Week's
Friday
1,772
9%
1%
0
__
16% Aug
4'A Aug
8%
—
25
Screw & Bolt Corp
20
Feb
18%
«>
Brewing common
Pittsburgh
Pitts
Jan
14%
9%
8%
10
Pittsburgh Plate Glass
161/4
18%
18%
*
,—
■
•
Jan
— —
10
Supply
Fuel
16%
4
Jun
50
100
19% :
4'A
*
10
Gas
High
Low
High
16%
16'A
l
Walker Refractories—
Star
Jan
6%
205
a42,ga42/g
5
Range fince January 1
Shares
19%
10
.
Duquesne
30
a47% a47
a42 A
10
July
10
al3ai3/4
50 alC4 A
Westlnghouse Elec & Mlg Co—
Willys-Overland Motors Inc
Woolworth Company (P W)
Apr
Low
Par
35
503
60% 60%
5
*
2
50
1 'A May
457
Inc
Union Telegraph Co cl A-.
for Week
Range
of Prices
Sale Price
High
Low
High
431
United States Steel Corp
Sales
Week's
Last
*
STOCKS—
Range since January 1
Shares
°' PficM
SatePrice
Pa*
Warner Bros Pictures
18
Sales
La«t
STOCKS—
EXCHANGES
ENDING AUGUST
Friday
Friday
,
WEEK
FOR
Monday, August 21, 1944
FINANCIAL CHRONICLE
Locomctive
'
•
A„
6V4
43
195
Mar
Jun
50
25'A
Jan
29
Mar
380"
24%
Jan
28
Mar
35%
Jan
45
Jun
15
Jan
20
5%
Jan
Jun
6% July
■
Bear
Exploration
Bros,
Radium
&
class
1.89
l
1.77
1.97
22,633
»
28%
28%
50
155% 156%
317
l
Bell Telephone of Canada
Belleterre
Quebec
.100
Mines
l
1.71
155%
1.55
36c
113,625
Ltd
A__
Beattie Gold Mines
Beatty
Jan
1.70 Mar
21'A
151
%.
*
2.89 July
Canadian
Malartic
2.45
Jan
Canadian
Pacific
ADr
Canadian
Wallpaper A
Jan
Canadian
Wirebound
Jan
31
Aur
157
——
1
Blue
Hats
Ribbon
*
Corp
Bobjo Mines Ltd
Bonetal
Gold
Bralorne
American
British
Columbia
British
Columbia
For footnotes
Ltd
1.00
1.10
7,200
60c
May
28c
26c
30c
62,915
22c
Aug
67c
Jan
Carnation
9
9%
325
8'A
Jun
9
Aug
Castle
7%
7%
710
7
July
10
Feb
Central
Patricia
Porcupine Mines
6'Ac Mar
1.20 July
72
17 %C Aug
Cariboo
Gold
Quartz Mining—
Co preferred
Trethewey Mines
Gold
1.62
Jan
1
13 %c
13'Ac
14c
5,000
8'Ac
Jan
4
4
50
Apr
Chemical Research Corp
Aug
Chesterville Larder Lake Gold Mines—1
21%
Apr
24%
Jun
Chromium
Mining & Smelting
23% July
Cochenour
Willans
Packers
Power
27
Jun
Corkshutt
24%
Jan
Coin
*
25
25
25
100
22
Jan
—
21
21
70
common
class
A
page 759.
*
19% May
Lake
Plow
Co
%-
•
——
Gold
Feb
4,600
14%
Mar
Chateau Gai Wines
90
2.30
28'Ac
21
Aug
1.50 Mav
2.20
Jan
916
"21
2.24
Feb
23'A
Feb
1
Mines
11%
22%
Aug
18%
100
20p
23'A
July
15
8,700
2,935
•
Oil
.14
110
1,200
1,280
2.200
July
Jan
Jun
1.10
23c
22%
1.85
85c
July
10%
105
14%
221/4
1.85
Apr
71
14
1.10
14
22%
100
50
60c
1.10
_100
20c
com"*
21
•
—1
——„
13c 17'Ac
91,400
21
1
15c
•
Light & Pwr
see
1.05
21c
i
Mines
Mines,
720
9%
15
Boxes.,.——*
9.00
——*
common.
;
Brazilian Traction
British
~~~\
'
Bidgood KIrkland Gold
Biltmore
15
Jan
11.00 July
8.75
8.50 July
1.100
15,950
11%
15
9.00
„
75C
13%
12
25
Central
Berens River
75c
—
Ry_.
21
.
'
w-
'
Mines
.
•
1
2.26
13
34 %c
1.24
1.30
1.65
1.25
—
1
1.015
25'Ac 251/4C
1
1.65
2.18
2.36
13
13%
32c 36%c
3,400
,
125
130.805
250
46,340
90c
Mar
3% May
17c
1.17
Jan
1.90
115
1.15
2.50
21c
4%
48c
Jan
Feb
Feb
Jun
May
Jan
Mar
Aug
1.72
Feb
1.26 Mar
2.16
July
1.57
11%
15'Ac
Jun
Jan
Jan
2.36 Aug
14
July
38c
July
c*,
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
757
»*>
CANADIAN
RANGE
1
'
•
/.»
/
Low
High
20c
20c
20c
30c
30c
f Coniagas Mines ——.
Mines
Coniaurum
--5
——
.—.—•
.
.
1.60
51%
———»-i——_1
Mills
*
52
1.55
1.45
16C
2%C
23/4c
* -/
•——
Investment • common—*
Dominion Bank—
_•—-——100
Dominion Anglo
Dominion Coal
—
37%
383/4
28%
28 Va
52
162
173
25
preferred
-
12%
—
25%
Dominion Foundries &
Dominion
2
34%
'
—50.;^
Preferred
'/
—*
Mines—
East Sullivan
B
Class
Mar
Jan
July
25
2
5c
May
42
Mar
52
Feb
Players
Fanny Farmer Candy Shops—
Federal Grain common
Famous
343/4
Modern
Containers
11%
45/a
30
3%
Apr
Feb
7%
-
Mar
7
9%
bbO
I,450
:
Jan
Federal
Fleet Aircraft
:
3%
Grocers
Nordon
Oil
9c
Star
O'Leary
76,300
10,115
15
15
60c
11%
20%
O'Brien
July
4
4
35
4.70
2,720
27
27
65
35
Gold Mines—*—,
Exploration——-—
35%
32c
\
Gold
12 %c
3
4%
50
80
80
30
63Ac
10,500
6c
27
63c
Aug
Car
&.
Pacalta
Oils
4VaC
—
Pamour
Power
Porcupine
—100
—100
5%
preferred
% 'fo
preferred
4
Aug
Pandora
Cadillac
Preferred
Gold Mines
Gold—
Glenora Gold Mines——
God's Lake Mines Ltd
88
Jan
8c
July
Goldale Mine
Feb
4
.
8.20
July
July
Mining
Great Lakes
Great Western
Preferred
*
1
12 A
12c
1
Lime & Alabastlne—
Gypsum
95
July
II,780
12c
3%c Feb
I6V4C May
5c
33c
43c
--
100 %
5c
4,800
15c
Aug
Jan
35 %c
32c
37c
16,282
16,300
23,400
38
1,042
7%
48
Aug
65
—
Hamilton
(PL)
13c
57/sC
11,500
3%o Jan
7%c Jan
39c
14,395
28c
Jan
44 %c July
1.18
1.14
1.22
83c
Mar
Jan
Feb
48
Mar
13
May
18
15
13%
Jaii
2.80
1,970
1.84
Jan
4.30
4.25
4.50
7,170
2.08 May
3.05 July
4.50 Aug
1.15
1.12
1.20
1,700
1.15
1.73
Feb
1.01
1.05
900
1.64
Feb
1.43
1.39
1.50
2,600
11
11%
880
2.70
2.80
2.75
2V2C Jan
15c
17c
40c
9
A
8%
83/4
275
7c
8c
1,100
5V4C Mar
9%c Mar
3%c
4c
41,500
27/ac Jan
6%c
3.40
200
5%
50
San
Jan ; V;'
Jan
Sand River
May
50c
July
33c
Aug
35c
Aug
l
97c
97c
1.10
21,012
75c
Jan
20c
20c
22c
4,920
40
40
10
100
—
——l
5c
—
—
—J*.
45
—1
ll%c
1
42c
100
*
——10
common
Co
Dauch Paper
&
Hinde
152
40c
Sc
*
17
17%
35
5
11%
11%
11%
2,200
—*
/—-1
3.05
4,/2c
3.00
3.10
3,920
3'/2c
4%c
2,500
3%c Apr
Homestead Oil & Gas
Hudson
36c 37 %C
3,300
26c
29
29%
9?5
2634 Mar
18
18
30
11
Mar;
21
Jun
Standard
79
80
7
72
Jan
80
Aug
Steel
Jan
17
Aug
Erie
&
Huron
183
Aug
—
—
Waite
Co
Kelvinator
Co
Kerr-Addison. Gold Mines.—
Hudson
Kirkland
Kirkland
Lake
Kirkland
23
33%
22 Va
—J
Townsite
1.05
—t
——
—-1
—
—*
—
Standard
42c
July
Standard
32
July
Co
10%
Jan
8 Va
8 Va
50
6%
Jan
81c
90c
3,290
54 Vac
Feb
23
23%
212
15
Jan
25% July
34
1,503
28
Apr
35% Julv
Teck-Hiighe*5 Gold Mines
22 %
1.320
19%
Apr
23
Texas-Canadian
—
13% July
Sullivan
Jan
14
20
May
Aug
11% July
1
18%
19V4
880
Milling common.——*
Lamaque Gold Mines
—*
Lapa Cadillac Gold Mines—
,-1
Laura Secord Candy—
.3
Lebel Oro Mines
1
25%
25%
20
Lake
Shore
Lake
of
Mines,
Ltd
25%
6.25
Woods
9c
15%
4c
1.25
—
Leltch Gold Mines. Ltd
..1
Little Long Lac Gold Mines
Ltd
26%
26
1•
Class "B"
6.25
500
8C
9c
7,500
15%
16
4c
560
4 %C'
1.25
11,700
130
1.18
'
—•
—•
Loblaw Groceterias class A
6.20
3.50
Jan
May
14 Vc
5.70
Jun
2.75
July
20% July
V 14 Va Jan
25 % Aug
Jan
Jun
6.75 July
6%c Jan
15c
Jan
16
2c
Jan
6%c Jan
1.03
1.20
26%
27
202
21%
Feb
25%
26
140
22%
Jan
90c
1.45
Apr
•
Gold
July
July
,.1
MacLeod-Coexsnutt Gold Mines
3.95
4.10
3.290
3.40 Jan
4.50 July
2.75
15,350
2.12 May
2/75 Aug
2.05
2.15
14,000
1.60 Jan
2,20 Jun
3.60
3.70
15,385
3.35
4.25
Manitoba & Eastern Mines—.—.—*
—
'
Maple Leaf Gardens pfd
10
Maple Leaf Milling Co common.——*
.
••
Preferred
Massey-narris
.Z)———————1
common..
*
Frontenac
McDougall
Ren
i.«ke
Mines
see
7
7%
16%
16%
8C
9C
8%
9%
1.321
535
,
1,500
2,667
20
21
20
21%
585
1.06
1.05
1.06
45
*
6C
61
I
1
page
80
-—5
—
McLellan Gold Mines
For footnotes
10,500
9%
—
preferred—......100
Segur, Exploration—
Mclntyre Porcupine Mines..:
McKenzie
I6V2
9c
2%C
9%
.*
...
Preferred
McColl
7%
u.——■
Maralgo Mines
.i.
2 %C
759.
.
1.49
6c
500
Jan
l%cMar
7%
5%
13
Jan
Apr
Feb
4%c Apr
7% Feb
19% Jan
102
5c
Jan
Jun
65C
Jan
100
19
Feb
Jun
V3o
Jan
10
Feb
7% Aug
17
Aug
lie
July
9% Jun
22
May
106% July
7c
Jan
1.70
Jun
26
Aug
5
July
Jan
15
July
Jan
210
8% May
69% July ;
69
1
.
61
Jan
2.04
4.05
4.20
27,085
25c
4%c
25c
5%c
1,200
15c
5c
3,000
1.71
1.68
1.75
6,150
Jan
4%c
4.20
•
—
2.60
2.67
135
8,635
1.10
16%
3.85
1.10
*
50c
48c
53c
23,350
4.40 Aug
27C
May
July
71/2c Mar
Jan
1.57 Aug
1.96 Apr
1,415
16%
3.70
r
preferred
Trust.
11'%
1.94
2.90
July
July
8%
5,333
15c
Mar
14,400
40c
7%
—
—
5%c
—
Upper Canada Mines Ltd———I
2.50
—•
11%
1
—1
—
Ventures, Ltd.
Vermilata
—
—
i
Oils
Vulcan Oil
v—
7Va
Mar
61%
585
55% May
32c
20
1.45
1.53
10.205
3%c
3,000
1.34 May
3%c Jan
5%c Jan
-
Ltd—
—
.—
Wright-Hargreaves Mines———
•
21%
69c
5
—
151
—
1.76
—
17%
—
8c
—
64 V2
4.05
5.00
5.15
62% 62%
21% 21%
68c
77c
5
5
78
78
146
151
139 .*■ 139
1.20
1.85
14 14%
17 17%
107V2 107 V2
8c 9V4c
5%
5%
64 64 %
4.05 4.15
Feb
24%
Apr
28
July
12
Jan
18
Aug
32%
Jan
38% Aug
5
80
7,500
Feb
4 %c
6
July
7c
Jun
3% Mar
380
Jun
5% July
,
6,400
2.62
H H%
8%c
22c
Jun
8%
110
38 V2
5%
5%c
41/2
7c
21c
95c
Jan
July
300
18
2.46
Aug
83c
Mar
680
27%* 27J/2
17%
38
5%
5VeC
*
54
101V2 Aug
1.96
Jan
2.70
.
4,660
6.00
Jan
13% July
Jun
13,000
7c
Aug
19c
Jan
2,000
17c
May
24c
Mar
4.50
2,200
Jan
5.45 July
Mar
875
57%
Feb
63
765
20% May
22
68c
92c
41,450
Jun
4% July
50
July
July
6% Mar
75
Jan
165
79%
Jan
151
5
121%
Jan
145
97c
Aug
1.85 Aug
12
Mar
507
15
Jan
14% Aug
17% Aug
5
104
130
119,900
275
23,200
203
.
4C
94 % Mar
Feb
Jan
5% Aug
35
60%
Jan
3,710
2.95
Jan
Aug
»,
Aug
107% Aug
-
20c
May
7% Mar
69%
Anr
4.50 July
63% July
3%C
Mines,
Walker-Gooderham &
1.15 Aug
Apr
Jan
80c
—
12% Aug
Jun
52%
7%
17%
38%
1.25 Aug
Jun
79c
Jan
90c
July
4.00 July
Feb
Aug
85
83c
—
17
Apr
1.05
48c
25
7%
Union Gas Co—
—
3.20
15
35
♦
United Corp class A
————?
Class B
——*
United Fuel class A—-——————50
Class B
25
United Oils-——
s—
-*
United Steel
:
*
—
33c
Anr
54
-—-*
Transcontinental Resources
15
101V2 101 Va
33c
85c
1
5.10
3.70
Fields
8,800
26
Jan
62%
2.10
Lake Gold Mines
1.42
5%
*
1
Red
Malartic' Gold
1.40
2%
Worts com—.*
*
Wasa Lake Gold Mines———
1
Western Canada Flour Mills com
*
Preferred
————.-100
Western Grocers Ltd common
*
Preferred
——100
West Malartic Mines—;—
—.1
Western Steel Products ——
*
Westons Ltd common•
Preferred
—100
Wiltsey-Coghlan Mines—*
——1
Winnipeg Electric common—
*
Preferred —————100
1
Madsen
28c
10%
Waite-Amulet
July
2.60
:
6c
July
60
27% Aug
3.95
-
Jun
20c
26
26
" 2.60
Mines, Ltd
3C
1,000
2.67
Mines
General
Preferred
Macassa
Jan
Mar
2,500
20c
1.35 July
Jan
July
1.25 July
77c
3%c
Apr
13%
8,325
2,550
3c
114
20c
July
1.20 July
1.51 May
80c
Apr
690
Towagmac Exploration CCo_.—
2,900
Apr
53c
515
20
7,520
42c
6,900
.1.15
18
1.99
Jun
15,675
58c
--
Toronto
3,25
105%
92c
56c
—^—100
6V2C July
1.86
120
85c
12V2
l%c Jan
3.00
112% 113%
11
2,528
1-96
28% Aug
54
4c
3.20
Apr
1.15
3c
1
12
—
Toronto Elevators
.1
1,595
375
——
Labrador Mining & Exploration
Lake Dufault Mines Ltd
28%
—
Toburn
Aug
19c
27
1
Jun
8c
Aug
Aug
28%
8%
7V2
69
——*
41c
13c
45%
,——50
24c
Jan
2,200
Jan
Jan
16 V2
3.85
1.10
Tip Top Tailors com
Jan
14c
9%
25
585
5e
13c
Apr
155
W——1
—-5
Oil—
4%c Jun
80c
Aug
100
—1
23c
Jan
July
11% Mar
Apr
14
4%
-
4,500
Apr
92c
Feb
8.75
10
14%
Sylvanite Gold Mines
Tamblyn Ltd common
2,400
8.75 May
Feb
Jun
16,150
90c
July
4%
Mines—.———
Cons
34c
30c
Jan
9c
1.08
6%
68
1*
1
7%c
1,900
16
13% May
Jan
14%
—
33c
7,570
Jan
-i.
Mines——
River Gold——
Sudbury Contact Mines
53/4C
4,110
Aug
14V2
Thompson-Lund Mark Gold Mines
74c
Jun
10c
50c
Mar
9
1.42
common——*
Canada
270
10%
Mar
July
45%
—
13
1,,05
4.45
—*
common..
12%
9.95
Jan
17
—-*
Paving
15% July
Jan
50
Apr
Jan
9
*
—;
Apr
1.03
'
Radio
of
Feb
29% July
44%
—
—:—-—-•
Chemical
12%
105
55
Aug
21%
3.50
100
—
Preferred
Co
8,769
14
3%c
Springer Sturgeon
May
75c
10%
Jun
152
Jan
13
30
14
Petroleum———*
End
South
4,030
-
350
3,289
73c
-i.
—
14%
14c
4.05
10%
56c
Mines
14
33.
15 %
—
87c
Malartic
52
22
5,000
4c
15
3.70
—
-1
Mines.——
3.70 Mar
Jun
Aug
——1
—
Gold
July
9
3c
3%c
73c
South West Petroleum..
1.00
Jan
-.100
Preferred
Siscoe
20
70c
Mines—.1
Bay
•
17
lie
34c
5%c
3c
20
10 %
1
——*
Mines
of Canada.—
B
183
—
1
1
Mines.
M Consolidated Gold
j
13
8 Va
1
;
Mining
Mines
Jason
Jellicoe
Class
170
160
19%
Aug
July
45%
13
Apr
145
14 %■ 14%
*•
-—a——--
17
180
14
Imperial Bank of Canada
100
Imperial Oil
—
—
—*
Imperial Tobacco of Canada ordinary_5
Inglis
(John) •
—6
Inspiration Min & Devel—
1
International Metals common A
*
International Nickel Co common——*
International
Petroleum
*
Jack
11%
Preferred
May
5c
27 Va
—
—1
Sturgeon
;r_100
100
common
preferred
20%
29
18
-•
2.90
Aug
27 Va
—
Simpsons Ltd class A
Sladcn
July
18 Va
4.00
—1
Mines
—■.——
July
171/4 Aug
Jan
134%
475
27 %
common——*
Steep Rock Iron
July
1
Mining & Smelting
class A
Bay
Ltd
Hunts
——
Gold Mines
Howey
15%
10
212
20
Mar
31c
—
152
19%
65c
Gold
—
2,700
Feb
140
20
Jun
5,416
Jun
52c
2%c
123,500
15c
May
90c
13c
75c
13,500
1,000
42c
47c
13 %c
2,000
41c
Aug
Aug
Apr
6c
12c
July
45
7c
35c
98c
Dairies
July
57,700
6c
36c
July
45
Mar
6c
42c
97c
Pherritt-Gordon
/
130
45
6c
40c
Feb
45
9V2cl2V4C
98c
40c
9c
.
33
Jun
Water & Power-.
*
Gold Mining————.1
Creek Gold Mines
——50c
Sigma Mines
4%c Feb
26% July
Feb
4c
5c
Silverwoods
Jan
Apr
28
34c
Jan
Jan
23
.15
2,000
Jun
1.29
105
5,476
6%
16
II,500
32
10c
3.85
5
5c
26V2
32
41c
Jun
Jun
47/8c
26V2
9c
Jun
14 % May
83c
Aug
40c
Shawinigan
Jun
Jan
40
39c
7c
—
Oil—
Home
5
64c
May
9c
30
Gold Mines
Hollinger Consolidated
2.75
Jan
30
41c
—
Feb
1.25
11 %c
—1
Senator Rouyn. Ltd—.—
Sheep
2.92 July
Jan
30c
37,000
Ltd—*1
Gold Mining—
——1
11,870
8,450
Oils
Highwood-Scarcee
2.32
500
35c
Antonio Gold Mines
16
1
*.
Jah
36c
St
93c
-
6%
1.65 July
ll7/s Aug
33c
——
16
Gold Mines—
Harricana
Hasaga Mines
Jun
1.01 Aug
Mar
89c
Jun
36c
St Anthony Gold Mines—
—
1
Lawrence Corp class A———50
Jun
6,000
6c
3,900
20
35c
Gold Mines-
Russell Industries
1.35 July
18
—_*
;
90c
Gold Mines——
Harker
5,800
2.70
__
common.—
Roy a lite Oil Co
Aug
July
Aug
July
u
11,000
--
21,100
2.75
Mills
90c
7c
39c
1
——1
-1
Gold Mines
Jun
lOc
—,___1
Royal Bank of Canada
Aug
6% Jan
July
14 %c July
37c
__
1
Co__——
Preferred
7c
5%
Hamilton Cotton Co—
Hard Rock
7c
Jan
Mar
1.50
5%c
Mines-
Mines——
Silk
Robertson
1.07
99
July
1.15 Mar
39c
_1
Mines,
Riverside
18 %c July
15c
———1
Bridge————*
5% Mar
I6V2C Aug
5%c
Rouyn Merger Gold Mines——
30c
Mines——
Hallnor'Gold
Jun
.1
Roche Long Lac
11
6%
16%
Jun
4%
90
85
Apr
3.30
1
-1
10,450
5,765
Shawkey
Swayze Mines
Halliwell Gold Mines
Halcrow
55c
96
1/11%'
Dome
Mica
40c
1.31
Jun
12C
„
Jan
109% Mar
Jun
12 %c Aug
40c
AUg
'5.
40,896
95
Aug
25 %C
•
51c
—
Airways
Gold
Reno
25% May
7% Apr
5%
<
4%
12Vic 16V2c
1.20
8c
36
60
12%
i6!/2c
96
43c
3l/a May
20
76
48
12%
4%
53c
Mar
13% July
,225
15
1.30
38c
IV2C Jan
4%
18
106 V2 106 Va
14Va
Quemont Mining Co
10% July
7V2C Mar
5%c
23%
—
25%c
105
—*
Real Estate Loan Co—
12%c*Mar
Jan
14c
22
7%
101
Aug
Jan
8c
4c
°
—
32c
70c
Queenston Gold Mines
17% Aug
Feb
1.99 Mar
91,375
30c
4%
23 /2
7%.
48
—
Mines Ltd
Gold
May
8.70
4%c
Mines
Grull Wihksne Gold
Gunnar
93
11%
4.50 July
Aug
May
Metals
Prospectors
May
10c
He
——————
91
7.60
4%c
*
Saddlery common—*
60
Co
Jan
50
1
———
Greening Wire
84
95
4%C
1.37 Jan
July
101
——r—1
vtc———*
—-—
10
16%
11 %c
*—
——
Paper com
vtc
Preferred
—-—*
Mining-
Gate
Golden
Goodfish
Apr
5
5% Aug
1.05
Preston. East
8%
Jan
Jan
4%
1
Rouyn Gold
Voting trust
Aug
27V2c
425
Apr
1.02 Aug
29c
Powell
78c
v
5%
17c
87c
ADr
45c
1
Jan
65
5V*
2,800
■
1
56,200
104,400
4,500
8,300
■
40c
Mines—
76c
1003/4
1
*
——
Gold
6.40
163/4
8.60
12c
4«c
38c
28c
4%c Jan
62V4C Jun
95c
2,450
Pioneer Gold Mines of B C_.
Jan
95
—1
500
70c
84c
60,500
Engravers & Electrotypers—_*
Pickle-Crow
72c
50
8%c
68c
Feb
60% July
Feb
ll%c
119,180
Mines—
Gold
5.80
87
4%c Jun
__l
Photo
Perron
Pressed
85%
Jan
I,370
2.80
Jan
7V2c >
_1
Jan
480
1.89
48%
iy4c
47c
Mines——"1
19
—
-—•-——100
1
.
Giant Yellowknife
Gold
Apr
,
100
1,205
Aug
July
2.17 July
T8
30c
Paymaster Cons Mines Ltd.;
35% Aug
5% Jan
May
2.50
Aug
22
4.05
Malartic -Gold Mines
5.10 July
27
Jun
15%
16 A
Gillies Lake-Porcupine
—
•
185
■
General Steel Wares—
'
84c
:
Jun
57%
Mar
17C
May
8%c
68c'
12
9% Jan
8c
56
—_^*
18%
83/4
59 V2c Jan
;
*18
26c
Premier Gold Mining Co-^.—
8%
37,950
"
45c
Mines Ltd
Jun
-*
common
1.47
1.30
55% July
2.50
56
•
50
Hersey Tubes
Purdy
Gatineau
13% May
22% Aug-
Apr
3.50
Pacific Oil & Refining—
Page
26%
6.00
825
Apr
45%
"
23 Vi -Apr
33c
17%
'
:i*.
819
6,200
17
'
17Va
18%
300
45c
—
3Va
6.40
160
*
26 %
--
_
*
16,700
22
546
27Vic
Co
18%
26
120
17c
Aircraft————__*
,Jun
--
Apr
May
11%
14c
Jun
99c
—_1
3%
3
11V4
'
Aug
83% Feb
Mar
*
253/4
120
55
3.50
new
11% AUg
Jan
.
21%
36c
•
Debenture
22
3% May
75;
21 %
54%
—'
Mines
common
Ottawa
15% Mar
23% Mar
....
25
29.B06
May
2.15 Jan
20
July
Jan
Jan
74%
82
22
*
13% Aug
59c
;
Apr
Jan
14c
5
Ontario Steel Products—
Jan
2.70
15
11%
Mines
Malartic
Ontario Loan &
May
Aug
3.10
/ 490
43/4
6c
A——
Frobisher
preferred
Omega Gold Mines
4»/4 July
8
Apr
19% Jun
20
.
Feb
Apr
47c
240
.
May
1.66
13
3,600
4.60
--
Francoeur
Oil
55
78c
•
Ltd
19%
July
40 %c July
1.75 May
82
*
Mines—
19%c Jan
2,400
66c
'
1
Corp
13,000
55
1
Canada
Okalta Oils
9% July
2,035
■>
39c
2.13
19 %
—
*
Norgold Mines
Normetal Mining
North
13 Va
35c
75c
common——*
Northern
14
Jan
7c
3,600
..
lie
20%
—
•
—————•—*
Foundation Co_
Co
Corp
12% July
Jun
Jan
12%
Apr
46c
Jan
Mar
6
55c
July
21%
•
Noranda Mines
July
5%
7c
15c
c-
36% May
Jan
2%
.490.
2.50
10%
35 h
———i——
Ford Co of Canada class
*
common
—
•
•
3,900
24,475
36c
—
•
■"'
,:
30c
Negus Mines —.—1.40
Nipissing Mines ——uuh
26% Aug
2% Aug
/
27c
13
.
•
Knitting pfd
100
Porcupine
—.1
Montreal Light Heat & Power—
♦
Moore Corp common—
*
9% July
Jan
31
296
59C
-7
/———-—„———100
Kirkland Mining———
1
Gas.
Monarch
Moneta
Aug
13 Va
v
.
Apr
50c
20
8Va
12 Vt
15
>-
Preferred
&
High
28%c 32Vic
17,200
2.00
AUg
173
•
;
July
21%
20
2.40
4-70
*
-*
-1
i-*
_•
——
Low
15c
18c
Mining Corp
National Petroleum—
——25c
National Sewer Pipe Co class A
;*
National Steel Car—.——w—
31V4 July
7
610
31Vac
»
—
Range Since January 1
High
17c
28c
._l
pold Mines
Mercury Mills
Mid-Continental Gil
Low
18c
National
Jun
Apr
-12V8 Aug
Mines
McWatters
Partanen
II
Shares
—1
Jan
May
;
Graham
Gold
Aug
1.12
25
155
Lake
70c :
■:
43
;
Red
18c
.
.
33 Va Mar
'
50
83/4
8%C
—
■
12%
25%.
22c 24 %C
59c
————
68
3%
—
Falconbridge Nickel Mines
5
for Week
•
—
Co—-——*
Washing Machine
English Electric A —
Easy
173 I
4%
2.50
»*
-*
———-1
60 /•
.•.'V 10
•
11%
;
Eastern Malartic Mines-
60c
2%c Aug
.120
52
Jun
38
70c
5,000
7%
Stores
Eastern Steel Products—
:
2.84 July
May
Aug
McVittie
Aug
24
12c
r
500..
12 Va
25
7%
—-—*
12 Vs
Dominion Tar & Chemical common—*
/- —
Dominion Woollens common
*
Rights
—
,-20 ■ :r; ; 3%
Duquesne Mining Co
—
-1
Kast Crest Oil:
*
9®
Dominion Steel class B
Dominion
•
Week's
Range
of Prices
.
Par
McMarmac
——
83/4
common—V 4
Steel com——• ;r r
Scottish Investors com
1 .
Dairies
Dominion
I
•
M / _i"
140
May
34
1,000
July
55% July
1.13 July
100
■
16
..
Jan
21
io.'/
r
2.20 July
Jan
128.
9,225..,
v
1.00
—
'■-.Dome Mines Ltd—
.
60c
15c
14 Va
.38% Jan
Z..,;. 255
37%
60c
'
/ 37
Mar
1.75 Aug
Jun
1.33 Jun
3,805
-
Apr
33c
.May
1.15
23..
24
1.00
100
220
Jun
29c
900
1.60
37%
100
Cub Aircraft ———60c
Davies
Petroleums—
15c
Delnite Nickel Mines v.--——-1
1.00
Denlson Nickel Mines—^.—Ui_:--—1
Distillers Corp*—Seagrams common
•
38%
-
.'
140
23%
Crow's Nest Pass Coal
v
15%
137
Conwesfc Exploration
Cosmos Imperial
...
1.65
15
.
—
Consolidated Mining & Smelting—5
consumers Gas (Toronto)——
100
200
1,000
-
1.70.
51%
1.65
*
Bakeries
Consolidated
1.70
;
600
Sales
Last
1
.
STOCKS—
Range Since January 1
Low
High
Shares
'• ; >! •,:
P&r
V
—-4.—*
Ltd
far Week
Range
of Prices
Sale Price
Commonwealth Petroleum—1———
J
Friday
Sale Price
'
Fast
■'
Comraoil
•
AUGUST .18
'
/. /
STOCKS—
.
MARKETS
LISTED
VfEEK. ENDING
Sales
Week's
/'■" Friday
,
-
■
FOR
1.68 July
Bonds—
Uchi
6%
—
—^—
—
—
35-
35
$2,000
29
Jun
35
Aug
THE COMMERCIAL &
758
LISTED MARKETS
CANADIAN
RANGE
Monday, August 21, 1944
FINANCIAL CHRONICLE
WEEK
FOR
ENDING
AUGUST 18
Friday
STOCKS—
Week's
Last
Low
50
18
100
84
20
2.00
2.35
1,547
1
38
38%
405
95c
1.00
700
95c
18,727
»
Preferred
—;
Co L_
Copper
Coast
—
Oil
8%
9%
11%
11%
33c
20
1.15
Minnesota
1.20
1,400
18%
150
11%
t
1.16
Bros
r*.L+Jr—
common
Ltd
Shop
5%
30
Preferred
July
Aug
70
Aug
Jun
13
1,075
10%
Jun
6,500
15c
Jan
49c
1.25
1.30
1,525
28%
28%
28%
50
30C
30c
500
Preferred
21% May
25c
St.
Jan
28% July
>•
50c
Apr
Aug
Steel
Par
Works Ltd
Glove
Acme
Bruck
88
96%
Jan
18% May
„
685
1514
155
1514
156
157
107
2214
2214
22%
•
21
21
2%
13%
2,818
45
Mills
Building Products class A
Bulolo Gold Dredging—:
*
5
157
*
Preferred
3%
Foundries 6'!o
Canada Iron
125
Jan
common
103
15%
Jan
*
Canada
Northern
Canada
Steamship common
Canadian
Power
Breweries
•
Preferred
Canadian
Bronze
19
9,400
15%
Jan
pfd_w~—_—*
conv
Canadian Car & Foundry common
New
Canadian
150
13
Apr
16% July
400
32
Apr
35;".". July"
135
Jun
*
Class
Apr
21
12
50
12
Jun
15
6
Aug
Pacific Railway
9%
Apr
12%
Jan
8%
41
9
50
14
Mar
490
8
Apr
26%
25
Jan
36
Jan
45
154
July
35
/Jun
126
250
43
148
32
32
'
,
125.
.
60
i
6%
160
6
6
35
11%
13%
15,124
10%
13%
13%
25
11%
614
__
—,
1214
25
;
—
•
Consolidated Mining <fe Smelting
Cork
51 %
52
Co
Distillers
5%
Jan
6% July
Jan
14
July
Jan
14
July
331
52
39
Jan
55% July
32
105
27%
Jan
32
Aug
36
36%
200
29%
Feb
36%
Aug
5%
23% Jan
31
B
12% Aug
4% Mar
14
Jan
8%
9
2214
22%
45
2514
25 %
200
7%
8%
12
12%
__
8
25
*
Dominion Textile
Dryden Paper
41% Mar
Electrolux
*
Corp
Co
Gatineau Power
5%
preferred
General Steel
New
*
July
Aug
18%
325
17
Mar
19
July
5%
5%
65
482
*
22%
22%
l2o
28%
28%
20
& Paper
Pr
Wares
preferred
Co
Canada
,
Smith
Paper
Dredge
130
May
141
Aug
166
Aug
166
Aug
170
Aug
.170
Aug
; 160
255
148
of
Can
common
Vickers
Bronze
Par
International
Jun
Preferred
Preferred
49
3,790
110
150
60
3%
81
23
22%
23
440
20
23
47
25%
26
528
2.25
2.30
6,880
38
37%
38
188
21%
22%
1,060
49%
^
Lang & Sons Ltd John A
180
68
Apr
74
Feb
165
3
155
Feb
165
Aug
9
9
75
12%
110
6% May
10%
11%
660
18
11%
18
5
—
10
8
14%
17%
1,845
100 % 100%
50
—
1614
preferred—
9
July
8%
May
11%
Jan
Engin
Jan
22% July
Jan
50
f
99
"1 Jan
19
25
15
Jan
12%
150
'10%
Jan
170
20
167%
Jun
7%
Jun
Montreal Lt Ht & Power Cons
Montreal
Loan
Tramways
&
33c
Breweries
Preferred
.165
3
450
8%
9%
16,769
28
28%
9%
_*
5
*
*
-
:>
Corp
com
Minnesota
17%
Aug
Moore
Aug
Ltd
Corp
Apr
9%
Jun
May
6%
Jun
United
11%
330
10
Jun
13%
Jan
6%
Aug
19
730
13
.
Jun
19% July
50
106% Mar
111
32
July
15% July
13V8 July
•
5
>14
12%
14
14%
1,798
12%
Apr
12%
12%
665
10%
Jan
7%
7%
100
6
Jun
7% Aug
*
25 %
25%
25
21
Mar
26
July
100
100
85
96
Mar
100
Jun
14%
34
14%
20
12
Jan
15
26%
__
26%
25
22
Jan
26% Aug
Apr
35%
Jun
14%
Apr
22
Jun
19%
Apr
22%
Jan
20
Jan
27%
Feb
33%
34%
•
582
21
22
1,205
21%
22%
770
22
22%
22
40
109
—
26 %
109
8
28
106
Mar
Jan
113
Jun
Mar
26
9%
23
40
135
Jan
140
Adt
15%
25
13
Jan
16
Feb
15 %
50
8%
__
615
140
15%
■
26%
140
15%
100
9%
942
8
Feb
13%
Jan
26% Aug
16
9%
July
Jun
54
54
100
47
Apr
54
Aug
25%
26%
2,450
16
Jan
27%
Jun
21%
21%
21%
23
1,566
18%
»
22 %
Aug
205-
23
22
•
37%
18
Jan
23
Aug
27
20
Aug
24
Jan
Apr
37%
56
.
100
17
1,140
23
-
545
45
16%
17
•
37 %
45
__
•
Jan'|?
8% Aug
10c
67%
100
:
Mar
12
40c
21
Aug
2%
.
;
Feb,??
Aug
Aug
3% July
Jan
5%
Jun
Jan
350
392
28%
4%
•
2,248
/•
75
24
9% Aug
Jan
28%
Jan
7%
Apr
2% May
3
?>
Aug
July
3% July
4
May
Jan
23%
Apr
26%
Jan
28% July
Jan
4% July
3%
4
50
21
155
18
20
25
104
20
7%
£
35,
V>. 10
7%
335
2%
Jan
4
Jun
Aug ',
21
Aug
33
Feb
5% May
13%
Jun
Jun
16%
16%
16%
16%
136
15% Ajr
16% Aug
n
20%
21
850
19%
22 % May
2%
2%
25
135
Feb
Jan
1.50 Mar
2% Mar
8%
8%
75
7%
Jan
11 %
11%
1,075
10%
Jun
12% July
55
55
30
46%
Jan
55
4
4
100
104 104 %
90
23c
23c
2,028
i9
19
12
3%
3%
3%
50
2%
Jan
t.
62%
85
57%
Feb
11%
,104
23C
Corp
62%-
3% Aug
103% July
17c
May
19
8% Mar
>
5%
Jun
106% May
May
,
30c
Mar
19
/
Mines Ltd
Mines
*
1
-*
—
——l——.—
Ltd
Mines
Bralorne
63
Mar
Cadillac Gold Mines Ltd
31C
Julj
5c
Gold
Gold Mines Ltd
Francoeur
—.
Julj
3%c
5,000
2c
69c
10,600
65c
14%
310
11%
Jan
14 %
Aug
7c
9c
8,500
2%c
Jan
13 %c
Julj
6c
7c
9,500
2%c Jan
.2.22
Red
St
24
100
15%
Jan
56
.56
621
48%
Jan
60
33
Jan
-40% May
13% Jan
37% July
Gold
Crest
Anthony
Sherritt-Gordon
Sullivan
Steep
Teck
Cons
:
'v.tr5
Ltd
Ltd
...
.-1
Ltd.-
Mines
1,100
76c
3,300
28c
July
76c
42c
3,000
42c
Aug
42c
4%c
1,000
1 %c
Jan
6c
Wright; Hargreaves Mines Ltd
45
July
July
Home
July
Pacalta
Aug
Aug
Jul
11c
3,200
3c ;< Jan
9c
2,033
4%c Jan
3.25
300
1.51 May
3.65
3.65
100
3.40
3.60
4.05
10,850
1.38
11c
11c
500
7c
Jan
1.18
1.20
1,600
90c
May
7c
7c
1,800
4c
Jan
4.00
4.00
100
3.70
Apr
6%c
1
3.05
I
fr
6%C
100
3%c
Jan
8c
Ma
f-..
90c
Jui
—J" '
Jan
600
66c
Jun
87c
92c
1,000
42c
Mar
1.70
1,75
4,500
75c
■;
Feb
75c
4.15
4.15
4.15
1,000
3.85
3.85
3.85
500
70c
70c
500
__*
4.10
4.10
IOO
3.05
3.10
500
._*
5c
5c
1,000
1.60
3.40
3.25
70c
2.95
Jun
Jun
Apr
Aug
15c
.
Jul
18c
Ma
3.50 Jul
4.25 Jul
4.35 Jul
15c
Jul
1.35 Jul
9c
Ja
4.25 Jul
1.25 Jul
1.95 Jul
4.35 Au
4.00 Jul
80c
Jul
Feb
4.45 Jul
3.05
Jun
3.65 Mar
3%c
Apr
Aug
18
26
2.35 Aug
9c
1_ 1
—
Jul;
3.25
—•
Lake
1.75 May
2.35
1
Rock Iron Mines
Hughes Gold Mines Ltd.
9c
'73c
it.
■-*
—1
1
Aug
~
V lie
.
1
—1
Co,
Mines
Mines
Gold
Ltd
Mines
Gold
Gold Mining
Shawkey
Siscoe
Mines
69c
4%c
;
.
Jan
Aug
42c
-•
—
—
Jan
27c
3c
1
Mines—I——1
*
Gods Lake Gold Mines Ltd..—
*
J-M Consolidated Gold Mines Ltd—.-1
Joliet-Quebec Mines Ltd
1,
Kirkland Gold Rand Ltd
1
Labrador Mines
*
Malartic Goldfields
1
O'Brien Gold Mines Ltd
1
Pandora Cadallic Gold Mines—
1
Perron Gold Mines Ltd —f
_1
Wilans
Cochenour
15c
25c
1,700
Oils-
Oil
Co
Oils
Ltd
Ltd
:
M
;(
3% Mar
65c
•
6,7c
1
May
14%
3%c
7>|c
Mines Ltd—
Car'cier-Malartic Gold
25c
*
Ltd
Aldermac Copper Corp
.
Feb
Mines—
Aubelle
>■;
7% July
16% Aug
H|%
class A_____*
United Distillers of Canada Ltd
_*
Walker-Gooderham & Worts com
•
Arno
v
Jun
20
21
.
33
July
26% Mar
3%
26%
4%
k
*
100
*
pfd
Investment—
Amusement
350
3
*
—*
...—_——
245
3,380
26
—
Ontario
&
5
20%
759.
4% May
4
common....*
..10
Paper—
*
Preferred
35
9%
2%
28
Distilleries Ltd
Apr
101
Melchers
50
.
9%
-
2%
'<3
&6
20
.
common..*
A
preferred
:.
"*
Maritime Teleg & Tel Co Ltd com„10
Massey-Harris Co Ltd 5% pfd
100
Apr
260
25
page
3,385
2%
34%
"
Ltd
Utilities
International
90
111
•
see
150
Feb
21
preferred
5%
95
29%
Noranda Mines Ltd
footnotes
..
12% Aug
174
Jan
93
40c
Companies Limited——
Jan
29
National Steel Car Corp
Niagara Wire Weaving
For
40
3
3
25
common
145
20
5%
—.100
—
175
50
100
35c
*
of Canada Ltd A„
Motor
Wasa
National
.!*
■
7%
50
100
7%
:.r
common—*
Ltd
Aircraft
Fleet
Jan
111
_*
Mortgage..
;!
Jun
-
100
Co Ltd
Aircraft
July'
*
Montreal
;K
19% July
170
Works
Paper
Donnacona
iO
11% Mar
100
Aug
19
Apr
*
...
39% July
Aug
Z'
*
Ltd
Alcohols
8%
18 %
..
3
S)
May
12%
Inv 5%" pfd__*
preferred-—100
7%
8%
8%
19
—*
(Robert)
Jun
2.40 July
80
*
860
11%
•
(J
27%
Apr
46%
19
Noorduyn Aviation Ltd
Southern Canada Power 6%
5%
11%
Massey-Harrls
Mitchell
Jun
Jan
:
1.55
164
:/
Aug
71%
1614
Laura Secord Candy
Mitchell
23%
105..
4%
70
85
*
common
Aug
4% Mar
Mar
20
49%
49% Aug
110
Jan
Jan
31
22%
4% July
Apr
2%
2.25
;_*
High
'
Apr
27
99
*
165
93
.100
...
2%
3%
_—
Lake of the Woods
5,885
110
?raser
165
5
•
—
4%
3%
Hydro-Electric Securities Corporation.*
International Paints (Can) Ltd A
*
71%
—*
common
:
Range since January 1
Low
3%
47%
Jun
Jan
15
Paper common
Power
Shares
High
3%
28%
Apr
10
*
International Petroleum Co Ltd
International
Aug 1
Low
Ltd———*
Dominion Oilcloth & Linoleum
*
Dominion
Ford
95
——25
Int Nickel of Canada common.:
Aug
155
tor Week
80'
Consolidated Paper Corp Ltd
12%
8
commons—___*
Preferred
Aug
255
Jan
Sales
Week's
Range
of Prices
so
Preferred
Central
International
,170
July
135
_•
Neon General Advert
Claude
Jan
100
com
Preferred
147% May
229
Funds
preferred.100
7%
Paper
Cassidy's Ltd 7%
Apr
104
£1
Industrial Acceptance Corp
•
'
&
Pr
Canadian
7
*
Preferred
v
54
225
155
100
Ltd
Invest
Gen
Industries
9
100
Imperial Oil Ltd
Imperial Tobacco
i
f(
t
317
170
234
Dock Co Ltd—*
&
Canadian
125
240
•
common
Bay Mining
Jun
42
:.*
pfd—100
7%
Power
Canadian
411
390
5
Preferred
Apr
10
1
—
Southmount
Howard
29
40
100
100'
Dominion Sugar Co
Canadian
Fairchild
86
*
Hudson
Jan
141
•
common
Packers Ltd—
Northern
Jun
95
•
Hollinger Gold Mines
27%
166
Sale Price
common
&
July
86
Hamilton
:
22% July
170
136
100
Canada Malting Co Ltd
Canada
10
9
Gypsum, Lime & Alabastlne
Bridge
69%
Feb
170
100
Preferred
26% July
9% July
110
100
;
—
Jan
18%
100
:
Columbia
24
9
•
common
62
.
.166
Paper
&
Brown
Apr
100
—
7% Mar
5% Aug
184
64%
100
British
Apr
100
i
preferred
5%%
__*
common
5% July
Feb
18
class B——*
British American Oil Co Ltd
*
17%
11%
9
1
...
Canada
of
3%
*
Maple Leaf Milling Co Ltd
Foundation
125
Jun
58
,
J?.S>
preferred
preferred
7%
22
11%
—
*
common
Preferred
Feb
109%
100
...
175
9
—
100
Preferred
4%
Feb
July
-•
July
180
Chemical common...•
&
Tar
887
12%
*
Ltd
Stores
Dominion
Steel.—
&
& Coal
Dominion Steel
30
12%
3714
35
Foundries
Dominion
33%
28
—
*
common—.
preferred
Dominion
365
30
25
preferred
Dairies
Dominion
39
•
Coal
76
76
Feb
6% July
Feb
5
28
31%
——*
Seagrams
Dominion
69
Jan
Jun
8%
11
145
—
Commercial
Dominion Bridge
Feb
69
24% July
Feb
:
6%
July
10% July
*
Seal
&
.
63
120
Jan
21%
Jan
...—.——
Scotia
Bathurst
17
*
Glass
Consumers
Crown
6
120
4
————.——100 '
..100
Canadian
Plow
Cockshutt
69
76
76
9%
210
69
—
AWtlbl Power
Jun
141% May.
24% Jan
42
148
Jun
65
50
•
Aug
17
43
Jan
24
9%
9%
STOCKS—
Mar
39
Jan
9%
"148
-
July
142
24
Friday
Jan
45
Jan
33%
58
16
142
Feb
142
Canadian
Jun
45
5
128
Montreal Curb Market
Feb
5%
17
*
;
5
210
400
8%
•
—
-
280
12
112
./:•/
137% May
Apr
13% May
1,380
85
117% July
7%
43
46 %
345
57
14%
25
Montreal
Nova
Aug
38%
137
137
56%
14%
14%
Jan
,w—*
common..
B
Canadian
18
26
•
Investment
Alcohol
Ind
103% May
70
43
34
33%
-
25
>"
Jun
—
^_x»100
7%
Foreign
Canadian
30
21
25
Celanese common—,
Preferred
115
9Va
>—
■;
,
*
preferred
Canadian
6% Jan
3814
3% July
2% Mar
1,765
20% May
70
—
*
common
Canners
Canadian
—
•
•
common—
103% Aug
Feb
100
3
20% July
21
12
5%
1174
7%
—
115/;
103
15%
58
——
9% July
545
115
—
Aug
2%
*
Jan
9%
8%
—
*
pfd new-10
Canada Forgings class A
10% July
25
Jan
Jan
8%
•
May
7% Mar
15%
Last
Canada Cement common
Feb
14
12
21
Jun
24
18%
18%
—
25
Aug
24%
Jan
1.85 May
8
1,436
25
Aug
145
!
Imperial
July
18
—
175
10%
Jun
29% Aug
100
16% Mar
Jan
19% May
425
12%
25
100
Commerce
Jan
24
9%
*
^
—
2%
2%
—*
Jan
10%
*
Electric common
Dominion
101% July
151% Mar
21%
Jan
93
——...»
Royal
•
151/4
Jun
98%
Jan
145
211/2
19
25
Banks—'
Jun
510
100
21
1,321
100
8
58
Ltd
Preferred
Aug
13
237
92
100
100
21%
.<•
——
Silk
11%
90
Jan
Power Corp A
Columbia
Class B
Jan
Jan
9
100
of Canada—,
Telephone Co
Brazilian Traction
Brit
5%
74%
35
200
Lt & Pwr
& Paper class A
Bathurst Power
Bell
7
90
90
100
•
pfd
Corp
10
121/2
29%
53% Aug
Jun
High
Low
High
90
90
*
Ltd
Aluminum Co of Can
Asbestos
Rang* sine* January 1
12 %
100
•
Algoma Steel com
Aluminium
7
—*
com
preferred
0%%
Low
28
100
Jun
145
:
——
Ltd
Zellers
Shares
Apr
*
Preferred
for Week
of Prices
Sale Price
STOCKS—
49,
5%
12%
•
25
Corp
Grocers
Western
Winnipeg
Range
Jan
93% July
100
*
Power
Cotton
Wilsils Ltd
Sales
Week's
98
65
90
260
*
Canada common
of
Co,
Wabasso
Funds
Last
Mar
96
100
common.—
Canada
Southern
Montreal Stock Exchange
Friday
9
6%
100
Paper preferred
Preferred
Canadian
Jan
•
—
—
Breweries
Sick's
United
..i"'..
Aug
7
30
50
Flour Mills common
Lawrence
Steel
%
27
53%
29%
Shawinigan Water & Power
*
Sherwln Williams of Canada pfd—.100
Feb
1.72
Aug
Feb
96
100
common—.
preferred
A
Lawrence
St
12% July
30c
Corp
Lawrence
Class
July
19
11%
1.25
24
31
6%
6%
25
—
—
Power preferred.^
Saguenay
8c,
Feb
1.45
1.05 May
;
Regent Knitting common..
Mar
17
Apr
Jan
70
26c
-*
—
—
:
Aug
24%
1.25
1
1
*
& Metals
Pend Oreille Mines
Jun
Mar
41c
27c
11%
Ontario Paper
&
Osisko Lake Mines
&
^
preferred
Quebec Power
8
July
170
Jan
13%
53%
;
100
*
♦
5%
Aug
11%
Jan
May
2
75
130
70
18%
■
1
Hayes Steel
Stop
2
29
70
■
*
Dominion Textile Co common———*
Foothills Oil & Gas
*
9%
Jan
7
30c
& Co Ltd common
Price Bros
Feb
1.40
V
•
•
of Canada
Corp
Power
27
27
Feb
161
125
8
Penmans
39% July
Apr
Aug
—
—
Bridge Co
Dominion
Price
2
28
2
deHavill
Aug
2.45 July
38
15
Feb
23%
465
170
27
Fage-Hersey Tubes
—
*
Ltd common.—...—..—_—*
Rwy6__
Ottawa L H & Power common
Aug
5%
2,200
*
—
18
84
May
1.40 July
100
31c
A
Press
Dalhousie
9%
11%
Consolidated Paper
Cons
2.30
—.—1
common———.:
14% May
80
Electric
common
26%
15
:
Ottawa
12% May
Jan
28%
—-5
—*
■
Co
5%
8%
18
84
18
Columbia Pulp & Paper com—*
Preferred
Range since January I
Shares
170
*
*
.100
Products
Steel
Ontario
High
Low
26
26%
Ogilvie Flour Mills common
•
Preferred
———,—1—.100
Range since January 1
Shares
High
8%
*
Beath & Son class "A"
Brown
for Week
of Prices
Sale Price
Par
British
Sales
Range
Friday
High
for Week
of Prices
Sale Price
Low
High
Range
Funds
Canadian
STOCKS—
Last
Par
Sales
Week's
Low
Exchange-Curb Section
Toronto Stock
5c
Aug
,t
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
759
OVER-THE-COUNTER MARKETS
Quotations for Friday Aug. 18
For
Investing Companies
Far
Aeronautical Securities
Bid
—1%
4.46
4.08
Investors Fund C
Keystone Custodian Funds—
30%
Corp
—10
American Business Shares——1
29 Va
3.75
Foreign Investlng_10c
Assoc Stand Oil Shares2
14.53
6%
1
15.31
16.46
1
5Va
5%
Holding
AAmerex
American
Axe-Houghton Fund Inc
Bankers Nat Investing—
A Common
v
Inv
102.14
32.19
20.09
Shaskan
Co.
&
10.41
11.42
Members New York Stock Exchange
17.23
18.92
Members New York Curb Exchange
K-2
22.06
Series
19.62
32.42
17.56
S-3
S-4
14.72
10.62
I
28.17
13.38
S-2___
24.27
25.66
-
Series
5%
__
16.02
B-4
K-l
.'■■.-Series S-l
106.40
18.25
29.99
Ltd
Fund
Bullock
13.78
Series
Series
6
Inc——5
1
Broad Street Invest Co
-
.
Real Estate Bonds
Scries
7
America—►—-
of
Tr
B-3__
—„
29.56
29.35
-1
B-2
Series
4%
3.87
Fund Inc
Boston
Series
5
10
Industry
Bond
4.15
15.76
13.47
28.20
18.30
B-l
on
Series
preferred
Shares
A6%
Basic
Series
-
1
—
Quotations
Ask
Bid
Par
7.78
7.16
__1
Affiliated Fund Inc
Ask
11.69
""""
6.42
41.16
Fund
Sayles Sec
Bell Teletype NY 1-953
42.00
9.09
Fund
Loomis
Tel:
98.90
.
Loomis Sayles Mut
Place/ New York 5, N. Y.
7.03
96.92
10
Fund
4.91
—•
10c
Knickerbocker
40 Exchange
5.45
DIgby 4-4950
Manhattan Bond Fund Inc—
Common
Fund Ltd-—
Inv
Canadian
Insurance
9.99
Maryland Fund Inc
10c
4.68
5.10
Chemical
Mass Investors
—1
22.36
24.04
Christiana
Mass
1
11.17
12.01
10
11.71
12.79
•
3.88
25c
1.36
1
7.85
Century Shares Trust
Fund-,.
Securities com—
Consol Investment Trust—
(Colo)
Trust Shares
mod
AA
Fund
Fund
Inc
Securities—
voting shares—
Bond
3.62
series
Low priced bond series
I
Fund
Delaware
Diversified Trustee Shares—,
I
C
1
2.50 V
25c
;
r/'-B
Dividend Shares
Eaton
Howard—
&
„
Fund
Stock
v
3.85
5.85
1-30
:X'
—1
—1
Fund
Balanced
>
,
6.65
1.43
Fidelity Fund Inc———•
Financial Industrial Fund, IncFirst Mutual Trust Fund——8
Fixed Trust Shares A—
—10
Foundation Trust Shares A—1
Fundamental Invest Inc
2
Fundamental Trust Shares A—2r:
23.78
14.65
Re-Insurance
American
Reserve
American
Surety
34.42
41
4.45
26.08
5.75
10.31
Camden
9.74
10.71
7.82
Chemical
v
;
■'
Machinery
«
City of New York
10
17%
19%
North
Connecticut General Life-
10
49%
51%
Northeastern
5
39 %
30%
25
98%
10
48%
50%
9.51
Federal
10"
47
50%
Phoenix
10
82%
86%
7.11
Fidelity & Deposit of Md
20
136
5
14%
10.87
10
33%
16%
36 Va
2
10
10
4%
26%
6%
28%
—
Fire Assn of Phila—
10
61%
Fireman's Fd of San Fran-
10
89%
93%
Reinsurance
7.71
8.48
Firemen's
6
X 11%
12%
Republic
Steel
6.43
7.08
Franklin
5
24 %
26%
Revere
5
48
51
10
17
19
Seaboard Surety—-—
42%
44%
Security New Haven
North Amer Bond Trust ctfs
;
Amer
Trust
1953—
Series
of
Newark-.
Fire
General Reinsurance Corp
Gibraltar Fire & Marine
39.78
shares
Glens Falls Fire
•
2.18
Series 1955
1
2.89
Globe & Republic.
1
2.79
Globe
1
2.46
-
2nd
54c
15.44
U S
Westchester
3.54
3.90
Home
28%
7.09
7.80
Bovereign Investors
Spencer Trask Fund
.
Fund,
Inc
•
94.47
10.33
1
*
6.24
6.83
15.32
16.33
46.00
—
6.28
6.97
8uper Corp of Amer AA
Merchandise shares———
6.79
7.47
Trustee Stand Invest Shs—
Mining shares————.
5.35
5.89
ASeries
C
6,67
uU ASeries
D
4.10
—l—
1
2.42"^-
—
1
—
Stand
Trustee
2.45
Oil
2.30
Utility
ASeries A_X——.A.-1
.
5.02
Trusteed Industry Shares—25c
5;0O
Union
?
Foundation Fund Inc
Aviation
1.49
5
•
24.88
2.64
23.14
2.35
Group shares
11.51
1.02
10.50
Bank Group
92c
shares—
—
Insurance Group shares——«
C—w—
■
'6.00
1973
106%
25.78
22.95
8.12
8.88
7.13
7.80
20.84
U S El Lt & Pwr Shares A
&»•(*-.;
Public
103%
/ "X '■•
105%
■*.
103%
Ask
(Indiana)—
Service
3%s series E
—
307
(New Hampshire)
Public Service
106%
103%
Mengel
3%S—1973
3%s
Power &
.1974
18.91
109%
106
106%
102%
103%
100%
South
102
105 %
104%
3%s
102%
105%
104%
Pow & Lt 3s__ 1974
Natural
Gas
2%s—1961
Panhandle Eastern Pipe
2%s
Utah
1973
debs
101
—
&
104%
105%
3%s——1968
108%
108%
.—1974
106 V2
107
1958
Lt
105%
106%
West Penn Power 3s
York
—
4%s
Corp.
112%
108%
1972
—
Power
100%
111%
Gas—
Southern Colo Power 3%s__1968
Indiana Public Service
—
Elec &
Carolina
109%
1093/4
100%
San
99%
New Jersey
Northern
109%
109 %
1973
Pow & Lt—
—1972
Quaker Oats 2%s
>—1964
Diego Gas & El 3%s__1970
1979
National Container 5s_—1959
Okla
1.87
108%
1974
3s_
3%s_:
3%s
17.28
3%s series A
Puget Sound
4%s
„
1959
Lt
&
Pow
Co
108
Light 3%s_1974
—
Louisiana
17.20
Fund.—i
Lt
&
4%s
86c
77c
19.07
Wellington
Bid
Bid' '■;' Ask
102%
—1973
—
Pow
Power
Florida
6.57
25.00
A
.
Line—1953
-
100%
101%
xiX Investment Banking
0:.;
Corporations
1.03
1.13
ABlalr
&
26.29
of America—10
Investment Co
Series
series
Union Stock Fund B
1.63
Ltd—*
Securities
Institutional
34c
22c
•
—10c
Incorporated Investors
Independence Trust Shares
B
•
21.00
Fund
3s
Florida
Union Preferred Stock Fund
Holding Corp——^,1
Income
——
Bond
Series
5.20
4.72
AHuron
Common
1
ASeries B
4.95
T
Central
4.56
shares
35%
__
Shares—
—X. 4.54
—i—
76
32%
Recent Bond Issues
XV'A%.'7V
Atlanta Gas Light 3s
1963
Blackstone Valley Gas & El—
■—■
1
•
shares-—
51%
71
2.50
Fire
49.00
State Street Investment Corp—
Tobacco
5
48%
10
Guarantee
38%
4.26
7.52
Steel shares—
487
36%
>
11.27
1
10.38
:
—10
8
96.37
2%
—
Shares
Income
9.89
4.49
Fire
U
Scudder, Stevens & Clark
6.84
: ■
66
472
30%
Selected
Equipment shares—.——
27 V*
45%
Selected Amer Shares
RR
10
37%
125
63
100
Travelers
29"%
99%
7.95
4.88
85%
28 Va
American
Hartford
5.91
4.43
81 %
5
10
29%
9.12
shares———
35 Va
119%
Standard Accident
42%
8.30
stock
10
Springfield Fire & Marine—25
9'A
24%
96
shares——,
Railroad
46%
Hartford Steamboiler Inspect.-10
10.76
,
43%
8%
Hanover
9.79
6.06
23
74%
10
7.52
—
3.72
St Paul Fire & Marine new_12%
21
71%
Fire
Fidelity & Guaranty Co—2
U S Fire
^
4
1
—
(Texas)
(Paul)
22%
—
Great
—
(NY)
Corp
5
Rutgers Fire Ins.
preferred
14.36
10c
Fund—I
(Geo)
8
Providence* Washington
com,
&
59c
Republic Invest Fund
shares
Preferred Accident
6.17*
6.32
Railroad
12.50
;
5.60
I
—
5.74
Petroleum shares
_
*142
65%
—•
Low Price Bhares
5
—
8.65
6.90
"
15%
24%
6%
92
103%
—2.50
River
Fire
10c
——
47%
13"%
227%
5%
87 %
Indemnity Co—
Inc Shares
Institutional bond shares-i—
30'A
45'A
5
Pacific
Quarterly
Investing
27%
—,10
Fire
Fire
New
Northern
Industrial Machinery shares—
'
York
21%
27%
10
New Hampshire
20%
7%
25%
2
New Brunswick
600
575
100
Fire
60%
176
Pacific
8.72
'•]
25
Boston
Casualty
Amsterdam
6%
166
33 "A
61%
.Building shares——;—7.93
7.23
New
Railroad equipment
•V,
6.05
5.37
7 V*
84 %
National Union Fire„
42
Plymouth Fund Inc
shares
6%
79 %
15'A
57%
Putnam
bond
2
20
2%
57%.
10
58%
39%
National Liberty
36%
5
7.03
Administered
National Fire—
56
io
7
5%
27%
10
7.06
Food shares——
24%
N Y
Employees Group
Employers Reinsurance
7.84
Fully
Fire
Casualty
Continental Casualty
6.42
General
Monarch
National
9.25
7.13
Equipment
(Detroit)—10
Fire
16%
55%
16%
9.13
6.39
Electrical
4
48 %
5"%
4%
—5
10.78
—
Chemical shares
68 %
51 A
6.46
::
:
„
Series 1958
shares..—
shares-
Aviation
9 A
65%
9.81
—.
shares
Automobile
8%
Ins
15%
52%
8.60
8.30
-----—.■..rr-Ttl„
Metals
*
Agricultural
77/b
1
12%
.
Assur
& Mfrs
Merch
11%
10%
-
io
I
Series 1956
Group Securities—
Merchant Fire
9
5
Casualty
Maryland
8.41
-
Electrical equipment
Insurance stock——,—
Railroad
37.70
35.06
5.62
1
General Investors Trust
18%
20
Knickerbocker
9.89
•
•
21.26
3.85
23.80
4.98
7.57
9.38
Building supply
o
17%
10
Bankers & Shippers
6.88
stock
12%
Massachusetts Bonding
10
Fire
25
Automobile
10.93
XV: Bank
1.89
2.07
5.66 ■/- 6.32
10.39
•
Capital Corp
12.01
40%
21%
Casualty
Baltimore American
Inc—
37 3A
io
American
Automobile
North
General
8.05
14.17
Jersey Insurance of N Y
74%
American Equitable
5
American Fidelity & Casualty_5
American of Newark
2%
Aviation
19.74
■
7.49
7.28
1
52%
35%
78
23%
33%
25
Homestead
135%
50
10
Alliance
American
Ask
15%
86 A
io
Life
Agriculture
_
32.01
40
Equitable Invest Corp (Mass)_5
Equity Corp $3 conv pfd
—1
5.27
13.15
.»
England Fund
New York Stocks
„
22.14
13.65
.
New
•;
7.78
6.81
Preferred stock series
20.24
18.72
;
4.09
7.08
common
series
Income
8.49
;
Bid
Far
13%
84%
127%
_10
Aetna
Insur Co of North America—10
11%
Aetna Casual Ss Surety
American
Companies
Ask
Bi<k
Par
Agricultural
1.50
4.75
Low priced stock
.—
Series ACC mod
Cumulative Trust Shares—
:.•*
Aetna
National Investors Corp
National Security Series-
Accumulative series
Series
2d
series B shares-
(Md)
AA
Series
Invest
Nation-Wide
Commonwealth Invest
Corporate
Investors
Mutual
Preferred
Trust—.
28.58
AFlrst
Boston
1
Co—
Corp
10
>3/ /
3%
33%
35%
Quotations For U. S. Treasury Notes
Figures after decimal point represent one or more
New York
City Banks & Trust Cos.
v.:V/// Par
Bank of New York
Bankers Trust
National
52%
54%
104%
109%
104
107%
Bank
Bank
&
4'1%
Lawyers Trust
53%
Manufactures Trust Co com__20
48
50%
Morgan
10
21%
23%
National City Bank
49%
51%
New
79
83
29%
Trust
31%
Title Guarantee &
-
Bank
100 1,680
».
•
100.9
100.10
15,
1945-
1%%
1945-
%%
1946—
—
tDec
1946...
—-
15.
1
99.30
100.7
Yo
100.27
1%%
+
99.31
100.8
Oct.
100.28
100.10
100.11
1%%
100.26
100.27
41V*
tSept.
15,
1948.
1%%
100.16
100.17
Bonds—
Bid
series
99%
103%
41%
20
(J P) & Co Inc
100
12%
York Trust
-x
Trust
12
100 1,420
•
-t
•
11%
0.85s
95
June
3s
100.7
82%
—1983
2nd 4%s
i
—
2003
Inc
b0.90
1944
Jan.
1,
Akron
1994
104 :•
Gen
income
4%s A
2019
73
income
4%s B
2019
58%
59%
1994
Denver
income
&
Income
Rio
4%s
2019
May 1,
Minn St
1st
Gen
Paul
income
mtge
67%
68%
&
Saulte
4%s
4s
Ste
59 %
60%
85%
86 %
1971
1991
107 %
78
108%
79
Rates quoted
Bid
85
*
r
?:
17
100
Grande
1944
September 14, 1944
September 21, 1944
September 28, 1944
September 7,
Minn
,
St
Free
v
Paul
t
Western
&
c
Pacific
Preferred
17
18
42%
43 %
19
com
20
common
—
15%
16%
Bid
1944
0.28%
0.30%
0.32%
0.32%
0.32%
0.33%
October 26, 1944
October 19,
November
November
November
1944
-
2, 1944
9,
Ask
b0.37
bO.37
b0.37
1944—
October 13,
1944
—
16, 1944
—
'
0.33%
0.33%
0.34%
bO.37 0.34%
b0.375 0.35%
b0.375 0.35%
b0.375 0.35%
45%
Sault Ste 'M—
—-—
b0.37
bO 37
b0.37
b0.37
b0.37
b0.37
Aug. 31, 1944
Bills
for discount at purchase
Ask
October 5,
Aug. 24, 1944
42
44%
Rio
&
are
Treasury bills—
'
41
;
Optional v t c—
M—
1947
,—1961
Canal 3s
United States Treasury
41
40
16
Preferred
1993
1948
Conversion 3s
107%
84
i.
preferred
Denver
103 %
106Va
134 %
Issue 1
Conversion 3s
U S
102.3
1Q3.23
104.24
Ask
106%
Youngstown—
—
preferred
5%
103
2018
4%s
&
Common
102
Ask
103%
105%
133
1956-1946
U S
102.1
1955-1945
■
Preferred
Grande—
1st 3-4s income
2014
Chicago Rock Island & Pacific—
Chicago Rock Island & Pacific—
1st 4s
—
Common
74
Gen
Conv
4%s
Chicago Milw St Paul & Pacific
105
Bid
Pacific—
Canton
5%
1st 4s
3%s
Common
57
Chicago Milw St .Paul & Pacific
.1174
103.21
104.21
1956-1946
3s
0.75%
Panama
mtge
Stocks
55
.0985
102 19/64 102 23/64
1955-1945—
3s
Loan Bank—
15,
96%
80%
Indianapolis & Louisville— '
1st 4s
.1139
.1121
Federal Land Bank Bonds—
100.5
Federal Land Bank Bonds—
Bid
94%
1988
4%s series B
Chic
93
.1003
.1000
Ask
Bid
Commodity Credit Corp—
11 Va %
Feb 15,1945
and if issued)
Western
1988
.0881
Obligations Of Governmental Agencies
44%
1,465
.
Ask
Youngstown—
A
.1055
.0966
t%S Aug. 1, 1945^—-'^—
Other
4s
.0957
.0953
.0949
53%
51
Reorganization Rails
Akron Canton &
.0873
.0864
t%s May 1. 1945———
t%s June 1 1945
1 Vt%
tMar 15 1947—
.0822
.
1947.
25
preferred
United States Trust
as
,
Ask
.0811
.0732
1,
15,
Public Nat'l Bank & Trust—17%
•
(When,
Bid
.0711
—
1944
t%S Dec. 1, 1944—
—
t%s Feb. 1, 1945
——
t0.90s Mar. 1, i945——
t%$ Apr. 1, 1945
%s
53 %
264
40%
1,720
•
100.11
tDec. 15,
JMar
Federal Home
.,•
100.9
—'
10%
Exchange Bank & Trust_20
Empire Trust
—50
% %
%s Sept. 1, 1944
tSept.
51 %
254
38%
Conv
Corn
National
341
16%
100.3
—
tMar 15.
200
333
15%
1001,600
25 •* 38%
20
Co
Ask
—
100
10
51
10
Fiduciary Trust —'
First
100
Guaranty Trust——.—
Irving Trust
Kings County Trust
Commercial National Bank &
Continental
V
172
39%
,_15
Chemical Bank & Trust
Trust
100
Grace National
10
Central Hanover Bank & Trust 20
Chase
449
437
100
——
Trust
Fulton
1945-
Dollar Price 100 Plus
of Indebtedness—
Certificates
100.4
■%%
15, 1944.
32ds of a point
Maturity—
Ask
%
1
1944-
Mar 15,
Bid
25%
24
.—100
.
Brooklyn Trust
tSept.
ask
bw
Bank of the Manhattan Co.—10
15,
Bid
Int. Bate
Matnrity—
Sep
♦No
1%
2
32%
33%
67%
68%
par
k Removed
x
value,
to Stock
Ex-dividend,
tions not
y
a
Odd lot sales,
Exchange,
Ex-rights,
r
b Yield price,
d Deferred delivery,
Canadian market,
tin default.
furnished by sponsor or issuer.
s
e
Ex-interest,
Cash sale—not included in
f Flat price,
range for yea*,
tThese bonds are subject to all Federal taxes.
AQuota •
THE COMMERCIAL &
760
Monday, August 21, 1944
FINANCIAL CHRONICLE
Week Ended Aug.
BANK CLEARINGS
THE COURSE OF
this week will show an
Bank clearings
1944 '
increase compared with a year ago. Pre¬
Total
Clearings—Returns by Telegraph
Week Ending Aug.
V.
81.
~
•
1
/;
;
Ail
cities,
Total
13.1
119,956,420
+
5,729,479,966
+
6.9
1,185,574,295
$6,915,054,261
1,596,162,274
Mobile
Total
8.6
Grand
5.9
+
Federal
•
furnish a summary by Federal Reserve
1st Boston
2d
3d
Philadelphia
Terre
5th Richmond
6th Atlanta
7th Chicago
Louis
Eth St.
9th
.—
Minneapolis
City
,
10th Kansas
_
..
;
We
$
$
1,538,586
Fall
(17 cities)_—
577,054,786
New
New
Rhode
New
Louis
158,400,000
j
57,382,034
57,301,927
28,498,897
26,354,333
1,074,000
1,028,000
+
4.5
771,000
737,000
262,206,167
/
Reserve
253,464,886
+
3,4
221,951,931
199,593,260
District—Minneapolis—
4,511,540
4,611,140
143,220,993
140,974,621
;
Minneapolis.—
"St.
8.9
Paul
42,162,170
Total
(12
New
5.9
235,781,998
199,693,540
347,415,258
2.9
268,839,796
234,919,282
198,910,290
202,507,044
1.8
150,400,821
560,605,144
2.9
508,878,923
501,268,769
.3.4
253,464,886
1.8
150,400,821
2,t.',70 97?
Montana—Billings
f
•
Helena
Total (7 cities)—i.
Vv.'-C
199,593,260
221,951,931
2.8
-
«;■
118.458,942
4.6
102,241,698
92,090,773
8.0
444,048,301
345,697,561
8,424,343,882
+
4,219,783,872
—
—
V
3.5
7,342,902,797
6,555,601,200
4.8
3,731,505,138
3,362,015,166
showing the figures for each city for the
1943
O
,
Aug. 12
Inc.
1942
Dec. %
$
1941
*
$
■■
887,124
3,517,572
311,477,467
—11.4
V:
693,656
5,287,694
8.9
294,094.615
274,842,601
+
9.1
849,573
+
9.1
327,153
392,320
1,166,011
+ 12.6
979,141
990,328
4.800,544
—16.4
3,985,548
3,351,564
2,850,225
—
15,732,278
5,935,132
630,402
333,128,612
362,283,999
3.2
2,763,535
2,631,855
1.8
13,772,898
13,044,286
—
—10.6
1.3
+
9.3\
—
:8.0
-
Federal Reserve District— New York—
'
5,795,189
5,104.415
15,611,000
653,991
344,782,003
175,722
343,967
3,965,517
—■
65,997,466
69,076,861
Kansas—Topeka..
3,323,679
3,556,895
:
Omaha
—
Joseph
17.2
8,763,784
5,748,662
+
+
1,150,226
—17.3
1,212,755
879,455
1,114,488
+ 42.9
980,305
1,177,497
4,214,560,010
13,349,751
5,782,264
5,432,884
6,751,390
.•
cities)
•
381,802
26,064,223
24,244,715
35,551,088
Newark
Northern New Jersey
6,006,902
349.601
;
Jersey—Montclair
(12
1,321,051
12,435,424
Connecticut—Stamford
Total
7.5
—
56,200.000
4,548,732,022
Rochester
Syracuse
;
i
35,052,185
4,701,333,007
4,363,546,455
ii.8,
7.9 1
1,181,558
,1,260,141
;
50,300,000
45,800,000
3,193,585,034
12,084,^88
10,089.096
6.4
+
3,611,397,659
6.2
+
—
6,238,773
5,319,259
12.4
+
2,753,776
3,721,158
:
>
38,875,641
2,252,032
5,586,182
4,903,480
131,229,677
+
6.5
4,492,075
1,001,152
+ 13.7
1,192,016
3,351,112
>
732,033
865,918
+
21.2
1,062,125
896,472
283,691,672
+
2.8
231,370,972
186,2^7,831
1-Jt
i.:-
;
1—fr?
I Total (10 cities)
.291,663,645
f
>.•
\V-.:
p.
"
..
i
•
str.
U;
5,409.319
8.4
;7.5
23,591,974
1.4
4,604.846
344,497
+
+
27,046,100
—
+
7.7
2,501,775
Third Federal Reserve
13,121,668
659,470
—_
L&ncas ter
—
488, 761
1,344, 999
1,008, 713
1,519,755
•,
f_.
Philadelphia—Reading——...——
1,246,749
925,481
..
Chester
.
581,000,000
v
1,619, 755
627,000, 000
1,950,235
2,160,168
+
5.6
80,605,362
73,493,000
+
5.4
11,021,250
8,869,681
2,850,000
2,392.000
+ 19.1
2,668,000
1,209,128
+ 10.5
>; 1,255,942
1,293,649
4,344,631
4,951,318
+ 12.2
4,740,909
4,542,275
123,846,907
118,458,942
4.6
102,241,698
92,090,773
2.7
81,452,572
'
Falls
Louisiana—Shreveport
Total
(6 cities)
—
_
Federal
^
2,340,000
87,184,707
3,748,601,712
Lake
City
;
_
9,843,230
10,420 285
4,332,241
4,200 296
272,755 000
6,939,824
2,084,823
4,743,849
Pasadena
_
Francisco
San Jose
Santa
24,505, 821
259,000,000
~
California—Long Beach
San
1,865, 869
91,797 528
23,865,810
.
89,619 969
2,525,950
64,907,461
Yakima
Oregon—Portland
Utah—Salt
20,916,324
26,037,969
Barbara
Stockton—
3,315,912,816
Total
(111
—
1,622,573
1,526,79
72,565,889
53,069,61
2.6
22,976,751
20,025,32
—
—
5.5
33,901,020
2,543,785
3,918,61
5.0
220,875,000
190,354,00
4,805 985
+ 44.4
3,678,225
4,715,91
1,679 525
+ 24.1
1,165,651
1,497,38
4,383 888
+
8.2
3,266,835
3,183,77
8.0
444,048,301
506,034,166
8,424,343,882
+
3.5
7,342,902,797
4,016,566,532
Outside New York
5,290,88
3.2
+
—
8,715,899,539
cities)..
62,115,23
+ 35.4
—29.3
465,427,895
4,219,783,872
—
4.8
3,731,505,138
(10 cities)
Grand Total
+
Reserve District—San Francisco—
493,533
"
+ 34.9
435,845
-
345,697,561
y
6,555,601,200
3,362,015,166
515,299
7.3
1.414,938
1,503,318
8.3
528,352
—
—
790,603
6.2
—
1,465,434
1,493.789
7.3
—
560,000,000
541.000.000
1,525,637
Wilkes-Barre—
+ 17.7
1,247,666
+
.5.1
2,319,000
#2,933,200
„
2,159,105
1,504, 666
—13.8
1.239,184
2,084, 859
—26.1
2,923,067
5,883,500
_
New Jersey—Trenton—
Note—Canadian' Bank
7,453, 700
—21.1
3,029,400
of Dec. 31,
(lo cities)-
599,243,765
646,440,959
7.3
—
573,702,886
1943.
As noted in
1,869,857
Fourth Federal
Reserve
Association
direction
560,148,384
District—Cleveland—
3,965,622
| Cincinnati—
I
}*
Columbus—
i
Youngstnwn.
(7 cities)—
.
103,699.604
85,788,214
184.968.460
165,677,694
+
7.4
14.204,300
14,681,300
+
14.033,100
3.701,886
1.1
2.8
94,571,593
2,482,130
_•
+ 11.6
204,937,567
3.566,703
230.634.042
196,645,245
549,910,314
519,296,313
+
1,989.671
2,968,921
_j
___
|*ennsylvania—Pittsburgh
Total
95,582.208
15.073.400
;
—
Mansfield
i
;
3,552,434
199,203,993
..
Cleveland..;—,
discontinued
as
r250, at the last Annual General Meeting of the Canadian
$
]
were
•*'<
3,469,308
24.8
2.261,827
2,416,323
—16.8
3,313.525
3,447,948
+ 17.3
,
200,152,154
180,585,493
5.9
+
-it
:
512,301,756
issue of Jan. 17, 1944, page
6,873,600
returns be discontinued
Ohio—Canton
our
1,278.256
'
'Bankers
Total
Clearing
1.888,462
2,647, 809
1,541,604
—
York.,
1,287, 697
2,782.464
_r_——
Scran ton—
'
—18.0
District—Philadelphia—
Bethlehem
\
1,336,071
Galveston
Wichita
93,734,292
13,826,430
Worth
3,050,536
98,988,000
Dallas
Fort
•Estimated.
Pennsylvania—Altoona——_
.
Federal Reserve District—Dallas—
Eleventh
Texas—Austin
Twelfth
951,444
_
V, '
Washington—Seattle
i0o'
1,592,346
York
t'./'-V
52,953,768
5,950,479
1,049,627
-
-
3,614,005
4.5
6.6
159,334,076
6,338,104
1,138,518
Springs
6.9
+
—
—
4.7
192,617,644
—
116,226
200,000
+
6,137,517
201,631,583
City
132,949
250,000
+
+ 21.7
7,472,035
Missouri—Kansas
8.2
—17.1
318,280,772
1,548,799
Jamestown
New
4,732,441
V-rJ'
12,982.400
622,001
57,196,000
Elmira
New
.'» ;
4,378,406
145,049,932
;
190,213
285,081
4,237,339
Hastings..
905.891
406,796
13,989,000
1,008,772
3,509,437
2,694,850
891,448
—
1,247,165
'
687,271
3.5
+
,
■■
>
785,649
1,194,854
1,116,886
City—
Nebraska—Fremont..,
Pueblo
or
„
,
.v.
Federal Reserve District—Kansas
Tenth
St.
Ended
3,094,891
2,932,208
9.9
—
>, ..•?
145.049.932
18^ 277 noj
506,034,166
571,949
Binghamton
—26.0
—
5,307,552
Buffalo
98,059,115
33,813,468
4,652,336
14,177,700
York—Albany—_
4,237,084
98,230,428
37,648,524
+
—11.6
m
Second
4,625,585
1.6
—10.3
4,244,358
2,758.028
cities)
46,988,849
2.2
—
3,752,958
15,441,379
Haven
115,200,000
+
+ 16.2
456,060,280
1,313.113
Island—Providence
135,300,000
61,450,638
30,886,188
_
Total (4 cities)
Federal
160,100,000
66,895,353
35,836,814
Kentucky—Louisville.
Tennessee—Memphis
Illinois—Quincy.
512,301,756
4,014,167
Hampshire—Manchester
r-1.1
Eighth Federal Reserve District—St, Louis—
5.9
422,177
Connecticut—Hartford
1,550,284
501,268,769
+
972,951!
Springfield
2,188,812
508,878,923
+ 50.3
283,723,732
Worcester
4,401,742
2.9
+
1,063,233
3,640,215
Bedford
560,605,144
+
-1,875,923
1,511,639
8.715,899.539
Lowell
2.057,625
2.9
—
3,113,204
123,846,907
River-——.
4,804.629
+ 34.9 M
1,366,695
Missouri—St.
■■
465,427,895
Massachusetts—Boston
+ 35.2
2,020,044
1,597,851
233,691.672
-
1,339,456
1,361,627
A 202,507,044
'
1,544,254
2,303,151"
198,910,290
Reserve District—Boston—
19.4
Dakota—Aberdeen
1944
Federal
+
...
4,399,190
Cn'^Ho—Colorado
First
401,918,589
Dakota—Fargo
291,663,645
Portland
452.847
400,219,298
South
262,206,167;ti
Maine—Bangor
434,197
2.0
—
North
577,054,786
$
7,822,255
5,273,683
7.2
+
560,652
560,148.384
367,869,760
■' '
1,586,569
10,659,827
447,582.767
.
Springfield——
1941
for four years:
' 1 ■'
6,872,421
26,751,028
■■
11,641,339
318,280,772
Week
Clearings at—
+ 24.3
—11.1
Rockford
Ninth
4,016,566,532
week ended Aug. 12,
1,657,756
3,315,912.816
260,599,044
City.;
30,247,056
573,702,886
245,304,391
;
add our detailed statement
now
8,282,442
1.1
5.5
11.145,879
Wichita
'
2,456,901
1,774,235
6,858,800
...
2,571,650
25,858,000
22.3
520,297
_
2,392.809
2,812,230
344,782,003
519,296,313
111 cities
-
-
+
4,851,153
2,893,192
+
+
__
_
<
594,426
■
'
26,891,040
.
3.0
5.8
+
_
Lincoln
Total
Outside New York
9.6
-
Peoria J.
Total
+
+
7,321,817
33,216,377
Illinois—Bloomington.
Decatur
3,048,666
32,848,330
_
_
Chicago
32.6
—
3,484,427
_______
Moines
4.645,053
+
27,335,000
2.6
3,748,601,712
"
"
"
"
"
10
Francisco
26,787,000
550.535
+
2.802,665
.
....
__
234,919,282
—17.7
711,062
4,944,239
.
Rapids...
Sioux City
268,839,796
7.3
+
—
"
'
"
6
11th Dallas
12th San
__
.■
Wisconsin—Milwaukee..
Des
137.900
51,560,824
7.7
—
645,440,959
599,243,765
:
_
_
___
Haute.
175,250
2.9
+
3,036,353
5,098,655
63,695,175
;
5.8:,.;:
8.0
362,283,999
4,363,546,455
4,701,333,007
549,910,314
7
6
10
17
4
7
10
4th Cleveland
30,594,021
,
—.5.4
—
2,910,756
Bend
Iowa—Cedar
Districts:
1942
Dec. %
$
333,128,612
12 cities
12
"
10
"
--
York
New
584,923
5.071.858
Minnesota—Duluth
Inc. or
3943
$
1,526,721
32,000,000
+ 54.4
347,415,258
——
...
•
174,780
83,143,263
Rapids...
South
SUMMARY OF BANK CLEARINGS
.
1,538,734
23,148,000
In the Cleveland Reserve Dis¬
District of 7.3%.
by 5.9% and in the Atlanta Reserve District by 2.9%, but
in the Richmond Reserve District the totals are smaller by 5.9%.
The Chicago
Reserve District has to its credit an increase of 2.9% and the St. Louis Reserve
District of 3.4% but the Minneapolis Reserve District suffers a decrease of 1.8%.
In
the Kansas City Reserve District the totals register an improvement of 2.8% and
in the Dallas Reserve District of 4.6%, but in the San Francisco Reserve District
the totals record a falling off of 8.0%.
V,
■,■■■
1,700,000
29,763.877
Reserve District—Chicago—
Indianapolis
trict the totals are larger
1944
1.748,360
7.3
+
+ 33.2
4,819,715
v
269,843
367,869,760
.
Indiana—Fort Wayne
and complete results for the week previous—the week
week there was an increase of 3.5%, the aggregate of clear¬
ings for the whole country having amounted to $8,715,899,539, against $8,424,343,882
in the same week in 1943.
Outside of this city there was a loss of 4.8%, the bank
clearings at this center having recorded an increase of 7.9%.
We group the cities
according to the Federal Reserve Districts in which they are located and from this
At appears that in the New York District (including this city) the totals show a
gain of 7.7%, but in the Boston Reserve District the totals show a loss of 8.0%
Districts
Week Ending Aug. 12
88,800,000
5.5
—
.
37,699,527
78,293,452
r
(10 cities)
Seventh
able to give the final
Reserve
6,042,687
28,434,042
.,98,500,000
0.8..
+
2,316,373
40,709,216
4,561,389
5.9
ended Aug. 12. For that
"..Federal
2,254,177
v
50,229,151
Louisiana—New Orleans
Accordingly, in the above the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which we present further below,
In the following we
6,316,813
29,841,666
6.3
+
'
43.667,833
-
Mississippi—Vicksburg
0.1
+
—
$8,511,216,535
1,013,417,328
in the Philadelphia Reserve
130.200,000
2,272,732
2,188,142
V
3.9
—
+ 16.9
+
+ 26.0
—
Complete and exact details for the week covered by the foregoing will appear
issue of next week. We cannot furnish them today, in as much as the week
ends Saturday and the Saturday figures are not available at time of going to press.
and
199,693,540
+ 40.5
8,321,363
37,776,844
.
I: A 138,400.000
_
Alabama—Birmingham
our
we are
_
Augusta
Lansing
In
11,693,443
36 293,775
_
Michigan—Ann Arbor
week—
235,781,998
*
0.3
1,502,236,221
cities for
all
177,160,763
$7,511,181,107
days
166,229,635
1,386,484,433
day
one
__
Florida—Jacksonville
26.5
218,585,000
6,124,696,674
five days
cities,
Total all cities, five
-
+
;
120,258,571
Other cities, five days—
35,228,862
"
4.0
186,986,987
*——
105,042,901
36,775,782
5.9
—
1,886,707
125,257,159
7.9
—
2,137,121
6.4
—
260,599,044
Macon
{
1.2
+
276,534,000
—
—-—*
Baltimore
Ten
139,800,000
Nashville.
Georgia—Atlanta..
3.4
—
209,367,968
Francisco
Pittsburgh
Cleveland
'
165,173,291
158,100,000
City
Louis
San
507,000,000
265,978,633
171,801,927
Philadelphia
■
3.1
490.000,000
—
Boston
1i'
+
—
265,527,077
Chicago
Kansas
394,387,933
406,584,472
York
New
6.3
—
41,271,495-
4,217,000
52,422,717
Reserve District—Atlanta—
Tennessee—Knoxville
7.4
$3,575,208,291
37,990,268
6,172,000
64,576,517
■
+
$3,839,535,672
2,015,410
895,353
863,419
•
7.3
3.7
—
—
142.436,817
245,304,391
Federal
Sixth
%
1943
1944
19
1,889,302
(6 cities)
+ 22.1
1,056,096
6,556,000
67,263.226
133,315,905
Maryland—Baltimore-;.—-———
District of Columbia—Washington-
$
;•
6,078,000
Carolina—Charleston
South
corresponding week last year. Our preliminary total
stands at $9,013,417,328, against $8,511,216,535 for the same week in 1943.
At this
center there is an increase for the week ended Friday of 7.4%.
Our comparative
summary for the week follows:
the
for
those
above
5 9%
'A
-
.
64,741,651
.■
Richmond...
1941
1942
'
1.289,265
Virginia—Huntington
Virginia—Noriolk
12
Inc. or
Dec. %
$
District—Richmond—
Reserve
West
possible to obtain weekly clearings will
from which it is
of the United States
cities
Federal
Fifth
liminary figures compiled by us, based upon telegraphic advices from the chief cities
of the country indicate that for the week ended Saturday, Aug. 19, clearings for a
bP
1943
$
456,060,280
'
on
was
that
clearings
of the fact 0
*7
v
that it had been obvious for
not
given
Dec. 31, 1943, in view
some
time that the figures did
correctly reflect business activity, for the reason that
intra-bank items do not pass
through the clearing houses.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
160
The
m
Capital Flotations In The United States During The Month Of July
And For The Seven Months Of The Calendar Year 1944
The
With the
exception of the month of May, 1944, corpor¬
capital flotations for July made the best showing of
month since August, 1941.
The total for the month
ate
any
Service Co.
Fifth
the
on
War
stock; $10,000,000 Quaker Oats Co. 2%% 20-year
sold publicly and $24,500,000 Tide Water
Associated Oil Co. (1%-2.375%) serial notes, placed pri¬
vately. ;y V"V,::y.
"V ';%•'" V-'
Of the month's total, railroads accounted for $20,930;-
Of the month's total of
accounted for $57,327,813 or
27.1% of the total, whereas refunded operations absorbed
the balance $153,916,988 or 72.9%.
The financing as be¬
tween new capital and refunding followed the trend of
previous months, the greater portion falling under the
dual issues
as
For
compared with the preceding month.
July the total private sales aggregated $112,460,000, com¬
financing aggregated $341,977,234, compared with
prising 14 separate issues, and represented 55.1% of the
This compares with $57,*•
224,950 or 47.5% of the June total,
$125,254,675 or 57.8%
reported for May, $29,195,000
16.2%
$47,310,000
total;
SUMMARY
FIGURES
CORPORATE
OF
brought to light in annual reports and other
is
$
$
January
-
-
April
May
Second
18,900,500
75,609,375
39,209,300
118,294,420
47,829,228
118,900,457
208,714,121
143,238,764
351,952,885
115,641,003
109,648,100
138,513,000
71,071,229
20,784,940
74,902,000
95,686,940
97,114,003
184,091,294
216,707,162
44,743,680
73,364,291
103,841,600
18,527,000
5,806,500
84,004,408
120,377,691
28,620,611
29,999,425
95,812,568
125,811,993
76,827,430
61,685,570
294,863,224
413,763(681
486,497,154
79,404,976
263,287,476
153,916,988
211,244,801
19,174,700
22,403,704
9,875,000
—
yy
r'. -
101,714,704
58,600,000
6,018,000
65,040,000
28,445,586
30,436,500
1
-ill
200,055,800
251,509,204
665,272,885
86,662,467
December
•
;
,
183,729,412
6,679,000
13,530,876
97,365,272
14,717,010
61,828,990
46,280,000
20,209,876
76,546,000
415,595,246
23,830,310
119,205,566
143,035,876
702,995,786 ]1,080,868,131
624,883,026
175,942,736
J".
190,894,281
83,128,500
239,652,510
y
t,43,845,700
2,434,300
127,335,693
69,861,543
14,236,772
377,872,345
Twelve months
•
\s
yv
,
>
,
417.637,250 1,042,520,276
<
•Revised.
OF FUNDS
USE
Treasury Financing in July |
The Fifth War Loan Drive to raise 16 billion dollars
started on June 12 and ended on July 8, with all sub¬
a
scriptions for Savings Bonds and Savings Notes received
the Federal Reserve Banks or the Treasury Depart¬
drive amounted to
was
from the sale
of F and G
bonds, $2,575,000,000 from the sale of
Notes, $4,770,000,000 from the sales
of Series E—1945 on an
holders of Treasury
Our customary
approxi¬
26
Total
Jun
July
30
7
July 14
for
6
July
July 13
July 20
July 27
July 21
Jun 12-Jly 8 Jun
Jun
12-Jly 8 Feb
Jun 12-Jly 8 Jun
Jun 12-Jly 8 Jun
July 1-31 July
July 1-31 July
July 1-31 July
Total
Total
for
for
1
91 days
92 days
91 days
91 days
26 8-10 yr
121-26 yr
26 2% yr
26
1 yr
10-12 yrs
12 years
2 years
2,215,011,000
2,042,316,000
2,074,323,000
2,177,348,000
bonds—
Treasury notes—
2,263,000,000
1,948,082,000
4,769,323,000
2,125,055,596
12,343,000
665,481,500
1,214,292,000
5,229,000,000
2,263,000,000
1,948,082,000
4,769,323,000
2,125,055,596
12,343,000
665,481,500
Depositary
—
July—;
seven
Co.;
4,769,323,000
12,343,000
12,343,000
July—
for
seven
665,481,500
months—
—
for
1st
.—;—
;
627,962,000
;
12,000,000
L.
Co.;
Stix
I.
for
Harold
>
617,747,000
seven
696,154,000
8,695,175,000
months—
Government
System,
Insurance
Federal Savings
Cook
Co.;
& Co.; Pacific
Patterson, Cope-
Peters, Writer & Christensen, Inc.;
Co., Inc.; Reinholdt & Gardner; Russf
Kendall, Inc.;
&
Seasongood & Mayer; Sills, Minton & Co., Inc.;
Co.; Watkins, Morrow & Co.; Weil & Co., Inc.;
E. Wood & Co.; Woodard-Elwood & Co.; Wool-
Huggins
&
and P. S. Yantis & Co., Inc.
Shober
30-year 1st mtge. bonds, series C.
Purpose,
Price, 202 and int. Sold privately
to New England Mutual Life Insurance Co.; Aetna Life
Insurance
Co.;
National Life Insurance Co. and Life;
r
,
•
6,436,903,000
Life Insurance Fund,
Federal
Fund,
Deposit
.1
Insurance
of
"<>
Virginia.
v
;
$45,395,000
COPPER, ETC.
*$60,000,000 Bethlehem Steel Corp. one to eight years debentures
(average interest rate 2%), due 1945-1952.
Purpose, re¬
funding.
Placed privately through Kuhn, Loeb & Co.;
Smith,
..
Barney
&
Co.
and
*500,000 Rctary
National Service
and
-
y
i
Securities
Corp.,
ast
Electric Steel Co. 4%
1st mtge. bonds, due 1956.
Placed privately
Purpose,
acquisition, working capital.
Mutual Life Insurance Co.
■
■
Mellon
'
agents.
Corporation,
fNet retired.
Insurance
& Loan Insurance Corporation.
IRON, STEEL, COAL,
2,258,272,000
*
with
$60,500,000
Below
tions
2
.
we
during
give complete details of the capital flota
July, including every issue of any kind
brought out injthat month:
; ;;
i
:
i
VA
OTHER
I
a
AND
MANUFACTURING
i,
(Continued on page 764)
Details Of New Capital Flotations
b
INDUSTRIAL
$2,000,000 American Machine & Metals, Inc. 15-year 4J/2% sinking.
y
fund debentures, due 1959.
Purpose, retire bank loans.'
Price, 100 and int.
Offered by Hornblower & Weeks;
%
100
&
673,939,000
22,215,000
July
*0.375
2 ;
Space
Lane,
Putnam
&
folk,
56,192,000
10,215,000
68,192,000
—
—
•Comprise sales of special series certificates and notes; certificates
sold to Adjusted Service Certificates Fund and Unemployed Trust Fund,
and notes to Federal Old Age and Survivors Insurance Trust Account,
Civil
Service
Retirement Fund,
Foreign Service Retirement Fund,
Canal Zone Retirement Fund, Alaska Railroad Retirement Fund, Postal
-
During July, 1944
74, and yield 2.53%; and series G
at 100, and bear 2>/2% interest,
Comprised of separate issues, designated Treasury notes of tax series
A-1945, series C-1945, series C-1946 and series C-1947. Series A earn
about 1.92% a year and series C, about 1.07%.
on the
the July and
the seven months' figures with those for
the corresponding periods in the four
years preceding, thus affording a five
year comparison.
In
Long-Term Bonds and Notes (Issues Maturing Later
85,965,990,861
bank discount basis, a Comprised of three sepa¬
series, of which series E have 10-year maturity, are sold on a
discount basis at 75, and yield 2.90%; series F have a 12-year matur¬
&
F.
■
*0.375
100
&
Harper & Son & Co.;
Favre & Co.; Newhard,
Calif.; Park-Shaughnessy &
of
land
1,584,333,000
Five
Years)
;
;
Than
'
♦Average rate on a
b
P.
Gas Co.
refunding.
RAILROADS
rate
ity, are sold on a discount basis, at
have a 12-year maturity, are sold
Co.
$
$
Webster
Hardgrove; Foster & Marshall;
Carter H. Harrison & Co.;'
Co., Inc.; Lamar, Kingston &
Mason-Hagan,
Inc.;
Mason,
Moran &
Co.;
Ferris
Inc.;
Co.,
&
6,414,688,000
7,999,021,000
six months
Co.;
Co., Inc.; Barrow, Leary & Co.;
Monroe & Co.;
City Securities
Braun,
Co.;
Murphey,
Net Issued
Retired
&
Milhous, Martin & McKnight, Inc.; Minsch, Monell & Co.;
FINANCING
Issued
&
Labouisse;
43,187,913,861
months- 85,965,990,861 42,778,077,000
Stokes
Wurts, Dulles & Co.; Wm. J. Mericka & Co.,
Sterne, Agee & Leach; Atkinson, Jones &
Johnson,
4,051,537,000 17,801,613,096
*0.374
a
&
665,481,500
21,853,150,096
—
Walter
Co.;
Ward,
Wm.
.
Life
2%
The Robinson-Humphrey
Deane & Scribner;
Co.; Wachob-Bender
Corp.; John Dane; Davis, Skaags & Co.; Jac. P. Ducour*,
nau;
Francis I. du Pont & Co., Inc.; Clement A. Evans*'
2,125,055,596
Tax Antic'n notes-
Savings
100
100
Co.;
Co.;
Singer,
Thomas &
The Bankers Bond
Bioren
4,769,323,000
2,125,055,598
Notes
*0.375
100
100
W.
Wheelock & Cummins, Inc.; The White-Phillips
Inc.;
Inc.;
July—
21,853,150,096
5,229,000,000
&
E.
Staats
R.
& Gibson;
Co,,
bds.
for
Certificates
%
99.905
Co.;
*3,$00,000 Providence
Yield
99.905
&
ties
5,229,000,000
s
DURING 1944
99.905
Schwabacher
2,263,000,000
1,948,082,000
indebt.
U. S. Savings
1
Total,
99.904
Ira Haupt
& Co.;
& Smith; White, Hattier
Loewi &
bonds-
of
Certifs.
26
Total
month.
1,216,173,000
1,203,823,000
1,206,577,000
Baudean
Nashville Securities
Co.;
5,229,000,000
Treasury
26
% y,
/.
64,112,840,765
first six months
Nusloch,
Inc.;
& Sanford; R. S. Dickson & Co., Inc.; Green, Ellis &
Anderson; Mitchum, Tully & Co.; The Ransom-Davidson
Co., Inc.; Stern Brothers & Co.; Stifel, Nicolaus <fc Co.,
Inc.; Weil & Arnold; Ames, Emerich & Co., Inc.; Bosworth,
Chanute,
Loughridge & Co.;
Cohu & Torrey;
Cruttenden & Co.; Hill & Co.; Hirsch, Lilienthal & Co.;
Kalman & Co., Inc.; Kebbon, McCormick & Co.; Morris
Mather & Co.; Moore, Leonard & Lynch; Mullaney, Ross
2,263,000,000
1,948,082,000
bonds
Treasury
1
Total
Price
Bacon, Whipple
Sons,
William
results of which
$
$
mtge,
&
198,390,000
July 20 announced an
Amount
Accepted
1st
Stuart
193,142,000
♦INTRA-GOVERNMENT
exchange basis, par for par to
Amount
Applied for
Inc.
refunding.
Halsey,
1,015,902,000
Total
tabulations follow:
•'
Co.,
Purpose,
by
1,214,292,000
Total
Certificates of Indebtedness of Se¬
Due
Dated
Service
1974.
Offered
91 day Treas. bills
Jun
Certificates of Indebtedness
STATES TREASURY FINANCING
UNITED
Date
Offered
208.496,000
1944
in these tabulations next
will appear
Public
due
int.
Co.; R. L. Day & Co.; Dempsey-Detmer & Co.; Gregory
Thomas
.
maturing issues the
provided with $789,328,000
D—1944, maturing on Aug. l,.the
ries
Evans
189,300,000
July
Treasury Department on
A.
1,013,435,000
additional working capital.
The
Patterson,
& Co.,
Boyce;
1,014,523,000
Jun
Savings
mately $200,000,000 more than the
*
&
Clement
1,203,823,000
Jun
sale of 2V2% bonds.
offering of % % of Treasury
Bros.
and
1,206,577,000
July
was
Inc.
92 day Treas. bills
from the sale of
way
Stein
Sons;
4% series, due
int.
Offered
and
91 day Treas. bills
Feb
Notes, $5,229,000,000
2% bonds and $2,263,000,000 from the
in this
1,007,677,000
104
A. C. Allyn and Co., Inc.;
•
Orleans
and
Co.;
;
25,386,300,765
1,216,173,000
91 day Treas. bills
6
July
Treasury
64,112,840,765 38,726,540,000
six months
bonds,
(Inc.);
July 27
of certificates, $1,948,-
weekly Treasury Bills are for
$
mtge.
Price,
1st
Life InT
Boettchejr
Co.
'
by
Corp.; Arnold and S. Bleichroeder, Inc.; Bankers Securi¬
Corp.; J. M. Dain & Co.; The First Cleveland Corp.;
Co.; Martin, Burns & Corbett, Inc.; Metropolitan
St. Louis Co.; Newburger & Hano; Alfred O'Gara & Co.f
July
000,000 from the sale of Treasury
As the sales of
■
Corp.
refunding.
&
Co.
July 13
credited
the
$20,639,000,000 of which $3,036,000,000
of E bonds, $818,000,000 from the sale
1, through July 31, 1944 being
The sales of all securities credited to
to the drive.
1st
5
Mutual
to
July 20
at
ment from June
for
D,
&
&
Indebtedness
Refunding
Accepted
r'";':
Total
>
New
Total Amount
Type of
Security
Dated
series
bonds,
&
'
.
..
privately
Sold
William Blair & Co.;
V
_
('•Fourth quarter
Inc.
bonds,
Price, 103.Co., Inc.;
Bear, Stearns & Co.; Glore, Forgan & Co.; Ladenburg,
Thalmann & Co.; W. C. Langley & Co.; Otis & Co.;
Phelps, Fenn & Co.; L. F. Rothschild & Co.; Wertheim
& Co.; Blair & Co., Inc.; Hallgarten & Co.; Schoellkopf,
Hutton & Pomeroy, Inc.; Hornblower & Weeks; Burr &
Co., Inc.; Dick & Merle-Smith; Graham, Parsons & Co.;
Hayden, Stone & Co.; The Milwaukee Co.; Newton, Abbe
& Co.; Swiss American Corp.; Baker, Weeks & Harden;
601,052,716
121,032,738
#
November
69,173,850
114,555,562
463,343,276
October-
•
84,754,500
79,311,000
55,165,000
51,453,404
'
mtge.
1st
Che.nute, Loughridge &
Kendall,
'
875
60,229,326
64,618,000
58,882,086
32,719,350
65,579,800
40,673,226
.
Brown
3'/8%; series,
■
27,509,976
Co.,
&
Stuart
Capital Life Insurance
Gas
Purpose,
Alex.
'
201,929,609
'
■
and
Bosworth,
Inc.
...
•
Co.
and
1969.
34,500,000 New
f
Halsey,
Ltd.
by Central Republic Co.
—r-——————
Third quarter
Co.
Copeland &
150,476,205
to 1.825%
UTILITIES
Co.,
($550,000).
purposes
&
277,783,033
986,393,659
purchase of
accord¬
Purpose,
"
Co.
1,745,000 Jacksonville
518,184,859
Offered by
Electric
&
surance
181,100,006
57,327,813
V. Nine months
Witter
79,085,120
468,208,800
July-1.,_
maturity.
(l%-23/<%)
equipment
*850,000 Home Gas & Electric Co. 1st mtge. 3 XA % bonds, due Jan.
1, 1969.
Purpose, refunding ($300,000) general corporate
,
158,049,090
56,708,875
698,095,295
serial
O'Gara
due 1964.
Purpose, additions, improvements, etc.
and pay promissory notes, used for like purpose.
Price.
105 and int.
Offered by Dillon, Read & Co. and Dean,1
>
13,195,000
375,731,367
Ry.
1945-1954.
&
»
$
95.390,457
215,458,248
Erie
due
Lake
Stix & Co.;
& Co.:
Co.;
Alfred
and
Priced to yield from 0.70%
PUBLIC
7,517,000
1,865,000
;
Ross
Inc.;
Co.,
certificates,
to
Mullaney,
Inc.;
&
&
Wm,
Co.;
Co.,
$5,000,000 Hawaiian
38,447,228
288,298,364
August
September
ing
11,330,000
142,453,492
quarter..:—-
Six months—
trust
•: i,
$20,930,000
56,943,229
107,635,665
36,373,283
&
Otis &
& Co.;
J.
Halsey, Stuart & Co., Inc.;
Rothschild & Co.; Hallgarten
The First Cleveland Corp.;
by
F.
&
Yantis
S.
equipment.
158,761,995
•
(Inc.); Equitable Securities
Co.,
RR.
L.
1,140,000 Wheeling
148,990,455
322,363,928
June
y
F.
96,146,215
2,798,000
certificates,
trust
Co.;
Offered
Inc.;
Mericka
:
equipment
2%
Ry.
Co.
Schwabacher
103,534,713
32,615,868
—
—
Co-»
10,315,000
160,456,350
&
&
Pacific
turity.
Total
!
85,128,964
fr^,a20,126
Line
William Blair & Co. and Graham,
;"\:y
t
\
.
l3A%
equipment
trust certificates
series H, due 1945-54.
Purpose, purchase of equipment.
Priced to yield from 0.80%
to 1.825% according to ma¬
■'
$315,-
■:/*<.,
$
$
73,464,341
f
—
Hutchinson
8.120,000 Union
>
equipment trust
1945-54.
Purpose,
The Cleveland Trust
15,
to
99.882.
Air
y;>5Parsons
places.
Refunding
Capital
of
July
Awarded
3V2%,
145,844,872
First quarter
y
New
Total
$
National Bank St. Louis
Corp.; Illinois Co. of Chicago; Hayden, Miller & Co.;
McDonald & Co.; Kebbon, McCormick & Co.; McMaster,
v
'%•
—*1942
Refunding
Capital
$
$
yy-
122,683,000
37,773,350
62,615,780
45,455,742
.
_
February
March
New
Total
Refunding
Capital
(
,
to Date)
(Revised
1942
AND
-*1943-
-1944New
1943
1944,
MONTHS
BY
annually
due
Offered by Harris, Hall &
•
:
particularly as additional private financing
time to time,
January's flotations.
500,000, or 5.3% of
trust certificates,
Purpose, purchase
equipment
1945-1954.
1945-54. ; Purpose,
purchase of equipment.
Priced
yield from 0.90%
to 2.25%
according to maturity.
to
1942, showing the different monthly amounts of
corporate financing as revised to date. Further revisions
of the 1943 figures will undoubtedly be necessary from
February's total and $8,-
March; $82,000,000 or 51.6% of
equipment.
100.1285.
Awarded to First
equipment.
bid
on
due
v
ary,
for the April
of the total reported in
31.7%
or
or
Co.
,
702,928 for the corresponding seven months of 1943.
Below we present a tabulation of figures since Janu¬
total emissions for the month.
2%
RR.
of
of
100.3677.
2,760,000 Seaboard
$11,597,196 was for new money purposes and $22,423,000 for refunding.
This compares with a total of
$31,454,008 for June last and $49,492,261 in July, 1943.
For the seven months ended July, 1944, total municipal
sales for the month of July showed a
of indivi¬
Private security
of
purchase
which
marked increase in both volume and number
bid
bid
on
due semi-annually
certificates,
000, public utilities, $62,822,950, iron, steel and coal, etc.,
$62,478,500, oil, $25,750,000, other industrial and manu¬
facturing $34,254,351 and miscellaneous $5,000,000.
Municipal financing for July aggregated $34,020,196, of
refunding column.
Terminal
B,
equipment.
on
purchase
Co.
*2,100,000 New York Chicago & St. Louis RR. 17/b%
debentures
money
new
Inc., sold publicly and consisting of $34,500,3 % % bonds and $7,779,800 4%% pref¬
erred
which officially ended July 8.
$211,244,801,
series
'of
due Aug. 1,
Awarded to
equipment trust certificates,
Purpose,
*690,000 Illinois
■
000 1st mortgage
Drive
Bond
l7/8%
RR.
1945-54.
Guaranty Trust
1952, bearing an average interest rate of 2% and sold
privately; $42,279,800 securities of New Orleans Public
June, 1944, $216,707,162 in May, 1944, and $84,754,500 in
July, 1943.
The July financing is the more, notable as
it was accomplished in the three weeks following the
conclusion
*3,620,000 Erie
$60,000,000 Bethle¬
1945
were
to
aggregated $211,244,801, compared with $120,377,691 in
successful
principal issues for July
hem Steel Corp. one to eight years debentures due
$2,500,000 Chesapeake
certificates
&
(2d
Ohio Ry. 1®4% serial equipment trust
equip, trust of 1944), due 1945-54, Pur¬
purchase of equipment. Priced to yield from 0.85%
1.875%
according to maturity.
Offered by Halsey,
pose,
to
Stuart
&
Co.,
Inc.
the
comprehensive tables
next two pages we compare
>
X
W
o
o
S
s
M
W
z
>
o
>
z
o
o
>
X
w
o
z
H
o
r1
r1
•—1
a\
•<T
o
H-1
►—1
t-4
3
t-1
C
£
CU
C/3
tu
to-
4*
vo
CTQ
tO
271,603. 15,72 0 1,35,40 3,60,0
Refundi g 24,1560 15,72 0 257.350 2, 50, 0
24, 7950 48,0 0 20,65972
47,38 40 1,096.05 1,350, 0
49,83 450 289.458,0 60,4810
S
$
-1940-
Total
29,8140 37,85 0 81,307912
Total
Capit l
$
New
$
829.0 0
15,20 0 128,690 30, 0 4,50,0 60, 0 32,0 0
1,725.0 14,0 0
15,72 0 1,053,40 1,350, 0 2.50, 0
4,953,40
820, 0
*15,20 0 129, 40 31,50 8,75,0 74,0 .0 32,0 0 29,8140
1,725,0 14,0 0
15,72 0
2 9,70
2, 7 ,650
2,507,350
829,0
18,5630 27,850 7,502,650 74,0 0 13,70 0 24, 7950
27 ,350
2,46,05 15,20. 0 1.356,10 3,50,0 1,27,350
.
271,603
829,0 0
Refundi g 18,36 0 27,850 3,50,0 60, 0 13,70 0 24,1560
-1940
1,0 ,0
18,50 0 47,38 40
823,70 1,350, 0
2,852.0 39,87 0 32,70 0
14,0 0 109,83 0
16,43 80 6,243,750
Capit l 15,20 0 10,58240 2,150, 0
$
New
40 ,0
13,69750 427,650 5,607 29
Total
Refundi g 75,930 "527010 0 150,380
86,2830 215, 30 14,50 1
Refundi g 397536 30,2 0
6,0 ,0 75,930
6,0 ,0
Capit l 3,87 0 9,825^0 3,67,10
47,069170 21, 20 41,057618 40 , 0
125,0 0
8,40,0 3,87 0
10,43 80 1,568,370
43,750 "9 l76 5 2,O676O 59,812350
416,976
Total
$
->
109,830
20.35~0 3,517.50
$
,
1, 90, 0 23,86750 2,8520 56,31 80
18,50 0 49,83 450
38,943750
15,90 13,69750
•
'
s
-194
$
$
416,976
59,812350
-194
Capitl 2,8520
$
,
New
Total
$
Total
60,29326 34,750 47,31 829
30163*,79841,7502 MJOFYUEINVLATRHS
FTMOJFHYUNEIRLVARS
32,719350 32,60 36,59305
Refundi g 32,719350
$
-1942
Capitl
s
New
Total
S
416,976
27,093
Capitl
Total
113648920,270,5347,71049.6551 ISSCFTONTGUORRNOAHPEHIUEFAEWPRID
LFFIGNAOFAOMVCREURCENMPIGPGDNTA,T, GtFobfeShvrfadumrtooangmlnuinnayideledcs.ysp
65,7980 31,05 42,15 0
$
Capitl
$
New
Total
19,740 4,025,0 7,3 761
6,087 0 10,94520 2,14 50
$
180,52 0
26719,250 4,590 51
21,4801
20 ,0
153,968 27,45 0 2,430
Refundi g 132,90538 "51),2450
$
-194
Capit l
SOUMFARY
$
New
47,6234 6,Tl3~80 4,590 51
Corp ate- Domestic—
7.
>'
$
s
4,068,370
9,50. 0 47,069170
1, 90, 0 13,92170 2,8520 10,58 0
416,976
9,65 ,850 3,415,0
6,70 , 0 24, 870
18,0 0 1,925,0 5,0 ,0 56,12,0
416,976
Refundig 6,70,0 24,0 0 17,0 0 17925,0
50,250
25,370 "7 67 0
3,70,0 2,65,0
416,976
4,16 976 "9 I76 6 2,0 ,0 60,29326
5,9 5,8 0 750, 0
18,530 "215,6 2,0 6 27,093 0
$
-1943
6,0 ,0 86,2830
32,719350
3,70 0 2,650
New
18,92 76 " TIMO 2,0 ,0 27,509 76
32,719350
15,0 0
15,0 0
13,64250
13,64250 6,70,0 24,870 46, 250 1,"925^0 5,ob76o 84,75 0
15,0 0
15,0 0
5 4,80
5 4,80
13,087 0
13,087 0
6,70 , 0 24,0 0
32,5480 l79~25,06
65,7980
!: ?!
Capitl
$
"~8~7~6 o
5,0 ,0 6,087,0
1,0 0
New
Total
$
5,0 0
New
20,93 0 5, 0 50,0 14,960 9 682,853
5,0 ,0 19,74 0
14,087 0
180,52 0
17,42 950 1,987,50 1,304 51
17,42 950 3,587,50
21,0540 57,2 950 60, 0 1,576891 25,06714
1,987,50 7/ 1f,851
5,0 ,0
30,71980 20,93 0 62,8 950 62,48750 34,25 31 25,70
5,0 0 47,623462
Refundi g 39,8450 60, 0 7,98 391 25,06714
$
87,0 0
132,901538
20,93 0 45,39 0 60,5 0 2,950 25,70
-1944
203,948 CAHANRDTE Capitl
1,59716 1,50 0 70,42509
57,32 813
9,704351 20,93 0 5, 0, 0 2,48750 2,67 40 682,853
Com on
Candi -
Com on
Other
Com on
Total
21,4801
153,968
5,0 ,0
notes notes foreign— notes agencis&. include Notes- etc._ manufctrig "gnidcrohte Notes- etc. manufctrig I I3_ hoeldtcin.g, "~ZI_ etc. manufctrig Z - : "chteolding, etc. .manufctrig I "chteolding,
JOULFY bLoonang-ntderdsmShort-em Presftocrekd stock bLoonang-tndersmdShort-em Presftocrekd stock bLoonganr-tdnemsdShort-em Presftorcekd stock corpate
MONTH
27,45 0 34,02 196 1,70 0
9,65 ,850 3,415,0
Refundi g 5,95,80 750, 0 25,370 ~ 7 6,i 6
84,75 0 35,130, 0 49, 2 61
Refundi g 50,2 0 15,0 0 5 4,80
-1943
$
$
-1942
27,50976 2.51,0 10,724 6
56,120 15,0 0 1,50,0 2,142,50
2,50,0
New
10,675380 45,730 34,875380
4,675,380
57,32 813
JULY
toal. fidgunroeost LBonog-anTendrmds
GovernmtforgeoviegrnnmtLGoaanvnd,♦Municcpailt—Stes,,SPotsaeeisn Railroads utiles scctooepaell,,r,Equmiapnmufectnts anedori indausntrdl bueildtncgs, Inttvrreuastmdsinng,,Miscelanous SBhoort-anTedmsRailroads utiles scctooepall,,,Equmiapnmufectnrtes- andoi induasntrdl bueildtncgs, 1Inttvrreusatmdsinng,M,iscelanous Railroads utiles scctoeopall,,,Equmipanmufectnrtes andoi induasntrdl Ibueildtncg,s, Intvtrerusatmdsinng,,Miscelanous Railroads utiles scctooepall,,,Equmipanmufectnrtes andoiinduasntrdl bueildtncgs, ;Itntrvreuastmsdinng,M,iscelanous csoerpcuraitte
Grand
Can dian Other
Farm
United
OF
MONTH
♦Thes
Total
Total
Public Iron, Motors Other Land, Rub er
Oil
Ship ing
Public Iron, Motors Other Land, Rub er
Ship ing
Stocks-
Total
Public Iron, Motors Other Land, Rub er
Oil
ship ing
otal—
T
Public Iron, Motors Other Land, Rub er
Ship ing
Total
1
o\
1,8572930 34,750 126,7490 48,76 31
49,8650 632,14 1,6250
Refundig 945,32875 23,750 10,5872 3,196,42
18,2570 264,315
Capitl
306, 80 367,9286 1,6250
Total
$
$
-1940
240, 56 1,0 0 24,587 32 45,7089
$
New
Total
$
1,3297680 37,540 164,3752 18,034821
Refundig 18, 1965 102,46 75 690,380
1,0 2541
$
-194
Capitl
329.51,38 18,67253 61.90,25 17,34 1
$
New
Total
421,875
63,24750 97,045~908 14,06918
1,393052714,58646927
Total
1,8572930
1.825,0 14,0 0
13,0 0 34,750 80,463710 1,9350 5.40, 0 47,359 2 1,40 0 1,0 0 37,83659 174,9 21 196.20, 547,610 248,90 6,250. 5.40, 0 86,15932 95,80 7,301 0 1,40 0 1,0 0 1,350 198,43659
1,725,0 14,0 0
3,0 ,0 23,750
•
14,25 107 104,78390 142,75602 480,5 84 243,850 1,306 0 51,439812 84,0 0 6,57130 63,420 37
67,8091 1,306 0 21,4 812
•
7-
910, 0
Capitl 53,46098 53,1897 2,705 0 6,250, 0 8,7056 1,80 729,70 1,350 10,8270
$
729,70
10, 0 1,0 0 12,68 729 1,9350 4,09 0 25,91450 1,40 0 1,0 0 23,1 52 70,15821 53,46098 67,1 26 4,60, 0 6.250 4.09 0 34,719540 1,80 1,40 0 1,0 0 1,350 135,0 62
10 ,0
New
•
-
■:
Total
1,8053
4,0 ,0 52,9380 297,6389
14,227,890361
5,0 0 910, 0
Refundig $ 137,45602 412,7390 243,850 28,70 70, 0 6,571,30 46,17930 945,32875 5,0 ,0
-1940
4,0 0 60,3 168 1,50 0
1,2560
19,206 46,2 30 246,5 0 6,250 36,9750 81,0 7,301 0 1,350 148,05
$
5,0. 0 2,350, 0 7,0 ,0
250, 0
240,950 65,740 68,50 3,498,0 16,2980 85,170 23,850 50, 0 85,106
$
Refundig 68, 0 579,3810 62,40 3,498,0 86,90517 74,2 0 23,094 0 4,60 57,28 95
S
—194
362, 972 1,50 0
Capitl 17,420
New
7,3 0 6,10 0 29,3 283 10,9530 759,0 5,40 0 250,0 27.T l05
p
Total
75,98431 35,60 379,82 74
V
v
i
31,75 80 25,30 2,0 0
$
3,0 0
235,0 14,0 4,6 50
2410,31,,0976525684
204,50
2,50 37,54 0 13,5219 61,59324
5,0,0 9 0, 0 7,0 ,0
150, 0
5,241,965 18, 965
1,360
54,50
250, 0
182,40936 245.79,0 72,6 195 75,0 3.498,0 178,5624 85,170 23,850 50, 0 14,87 2
7,2 827
103,546 74,3680 675,40— 69,40 3.498,0 95,23157 74,2 0 23,094 0 4,60 62,47086
95,03 65 8,12 0
329,518
29,5790
40 ,0
251,8 790
3,40284
V.•■
2,53,20 9,21875
"'54,69.7 15,0 0
,
j
759,0 250, 0
17,420 97,21540 6,10 0 82.95,107 10.953,0 _ 5,40 0 52,40697
7,2 827 79,254691
17,25803 18,67253 18,4*50 53, 824
18,20T 63,9750
9^0 0
31,7580 285, 970 2.0 ,0 3,0 0
1 ,986 4
95,0 0
289,56 79 129,O0 G 4,6 50 2,53 20 28,1 75
2,15947602,1306498825,073USitBnhaNrPpuMleoEsacdwvdmG.tFfclonfkievhbtadgreugsfn,cyYFJEMIUSOATNVFERDTLUHOSNAHIRED 1,390574268472,5691834,0
YFJE3MSTIUNOFAVAMLIDHR1LUOAONSCRPDG
Refundig 251,8 790 7r402~84 2,692,570
261,97 84 261,750 140,89531
$
-1942
421,875
Capitl 41,365 0 89^64308 1,8261
New
Total
$
Capitl
95~0 0
26,5 96
37,0 0
37,0 0 2,102,40 53,49 86
Refundi g 63,18 0 137, 90 82,038 7,0~806 LTO3.0 291,846 03
15,0 0
15,0 0
.
—
$
-1943
*/•:"
412,560
$
47,52 710 17,625 0 2,63150 4,0 0
95,0 0
51,87409 15,0 2,53 29 5,921875 10,89570 25,80 10,42 6 2,0 0 3,0 0 24,0 69 1.374,50 2,0150 2,53 20 23,7185
93,6490 149,6870 3,250, 0 520, 0 130,4 0 10, 0 7,158,0 2,05,0 6,793,0 403,570
Total
328,672 90, 0 26,310 193,4801
$
4,0 10,9534 5.9 ,850 183, 624
2,69 570
>
25,80 74,8620 2,0 0 3,0 0 190,68 96.374,50 2,015 0 17,80
$
New
498,51 8 90, 0 28,105 315,70298
Refundig 273,846 03 15,0 0 18,451793 3,568, 0 18,0 0
-1943
Refundig 5,9 850 180,43580 4.83,140 17,625 0 2,63150
$
—1942
514,073 73,950 238,9743
38,2570 37,0 0 39,46239 18,54 78 20,5 0
;
U>
468,795
2,0 473
2,0 ,0 58,01 81 93,6490 15 ,78940 3,250, 0 520, 0 2 0,839 86 10, 0 7,158,0 2,518,795 8,793,0
2,0 473 63-,18 0 137, 90 19,04276 07,0 087 1,793,0
—7v.
:
;
:
Capitl
109,4 197 2,0 0 21,0 60 14,9801 2,50, 0
$
2,0 0
New
48.21,402 1,987,50
468,795
2,0 0 2,10 40 31,49513
2,0 ,0
$
13,7108,864,4642955029 INCOSGONRREPUUFEPWAIT
FGFOCAOVREREPNMIGNATT,, fSrbfamuoatuonincdp-aedliytyesss
New
Capitl 30,460 1,908 3,250 520,0 48,31697 10. ,0 150,0 2,05,0 5,0 0 13,60197
169,50 15,470 12,35487
2,0 0 35,9078 30,46 0 14,0 40 3,250, 0 520, 0 10,735 10 10, 0 150. 0 2,518,795 7,0 0
34211,9689,9765567031840
t.
Total
826,940 12,750 264,750 41,02910 52, 0
1,9763840 t21,035 264, 50 341,97234 21,70 0
Refundig 63.804,32 10,75 0 173,09468 3,13,583 31,250
852,01 83 21,0350 259,4 ~0 23,18640 7,490, 0
193, 5968 2,0 .0 91,58 2 37,908327 21,0 0
4,730 109,84 59 14,20
•
$
Oil-
-1
,4
Total
Capitl
New
$
345,6217
OSUMFARY
1,37294 ACHANRDTE
47,17
$ 16,05 0 38,59 0 17,90
50 ,0
94,0 0 79,20 0 19,2650 63, 50 879,10 10, 0
750, 0
12,750
18,4 650 10,3890 457o o 1,905 8 305,69840 176,05 387,56402 19,8750 284. ,650 89,3 0 19,2650 45,0 75, 0 8
•
Refundi g 12,04 30,645 0 10,4 0 23,17 285 38,06714 19.265,0 31,465 0 65,04 32 10, 0 750, 0
10,75 0 41,7 950 86,70362 4576o", 3,026 75 176,208 51 12.04, 372,8 950 10,4 0 109,8741 38,06714 19,2650 45,0 0 34,92 75
$
-194
2,0 ,0
Capitl 54,02 0 7,950 7,50,0 70,82715 41,32853 ~Yo ~6 32,1940 214,35968
$
6,740 52 1,98750
2,0 0
New
10,7452 10,3890
8,7 3
852,013
129,4029 54,02 0 14,690452 9,48750 174,5379 51,27 53 "50 ,0 0 41,07 3 345,6217
J3EUN1DLY bonaotnesn_d—ds stock stock bnoaontedsds stock :sto—ck- foreign- bonaontdedss sto—ck stock corpate Governmt governmtGaancieds,&♦Munitcpal.—St,es,Posein tMoal indficrglu.uoodreets J3EUN1DLYNBotoeansn-dds : utiles eccotoparl,, manuft- acesori imnaadnuunfsctrtdrilg beuildtncgs, htetorraltudcisn.g,, NBotoeasn-ds utileseccot.op—alr,, manuf acesori inmadanuunsftcrtdrilg beuiltdcngs, hteortarldtucisn.g,, utileseccotpoarl,, manuft acesori miaanndunfucsttdrrigl ebuitldcngs, heotrtlatdrcuins.g,, utilesectoc—po.a,l, manufctres oi manauinfdcntursidtgrl ebutildcngs, -7r~ heotltdatcrinu.gs,, securitcorp.ate
MONTHS Corpate— Domestic- Long-term Short-em Pref red Com on Candi - Long-term Short-em Pref red Com on Long-term Short-em Pref red Com on Candian foreign Loan SUtnaiteesd Grand ♦These MONTHS Long-Term' Railrods ste l, Equipment Maontdrs
7
Other
Total
Other Farm
,
7
Public Iron,
Other Land, Rub er
Ship ng Investmn
Miscelanou
Short-Tem Railrods Public ste l, Equipment Maontodrs
Iron,
Other Land, Rub er
Oil
Ship ng Investmn
Miscelanou
Total
Stocks- Railrods
ste l, Equipment and
Public Iron, Mot rs Other Land, Rub er
Oil
Ship ng Investm
Miscelanou
Total
Total-
Railrods Public Isrtoen,l, Equipment Manotdrs Other
Oil
Land, Rub er
Ship ng Investm
Miscelanou
Total
i
Securities
(Continued from page 761)
and Blodget, Inc.;
Webster
&
100
and
rate
Scharff
Price,
Stein
c°n)<5"
to The
./.r
States.
United
•1,100,000 Powdrell
loan.
Inc. 3%%
Alexander,
&
refunding.
Co.
■'
&
:
Sons,
&
Inc.
and
Hemphill, Noyes
Stein Bros. &
INDUSTRIAL
series
stock
(cumulative,
A
Purpose,
part.
no
Price, $102.50 per share. Offered in exchange
outstanding $6 preferred stock,
the unexchanged
(16,809) shares underwritten by Shields & Co.; McDonald
&
Co.; White, Weld & Co.;
Eastman, Dillon & Co.;
Auchincloss, Parker & Redpath; E. H. Rollins & Sons,
Inc.; Otis & Co.; Singer, Deane & Scribner; W. D. Gradison
& Co. and Dillon, Read & Co.
777.77; 7.v7.7.
7
Co.
./
3(4% notes, Purpose, general corpoprivately with Metropolitan Life
through Merrill Lynch, Pierce, Fenner &
prices.)
mill.
Price,
$103.75 per share.
Higgihson Corp.; Smith, Barney & Co.; The Wisconsin
Co.; Blyth & Co., Inc.; Merrill Lynch, Pierce, Fenner &
Beane; The Milwaukee Co.; Eastman, Dillon & Co.; Paine,
Webber, Jackson & Curtis; F. 8. Moseley & Co.; Clair S.
'
,
Merrill
i,
_
*
.
*
.
">
i
,
>"■:
*
'
Ball,
&
i
'
(
j 7
!
Co.
Coffin
(Inc.);
&
Inc.;
Burr,
7;
•
and
•
Charles E.
Hirsch,
7'7/7::.
77;7v 7 7''
stock
Credit
Intermediate
(no
;
7
)
Goldman,
Sachs
Harriman
{
Ripley
Marache
Granbery,
Co.;
&
&
0.90%
Read
<
Hemphill,
i;
body
&
&
J.
Co.;
J.
stock
7'.:7'' 7':7777:
Co.,
Priced
to
list of corporate bonds,
notes,
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
given in the "Chronicle."
OF
TENDER
i
Century
Parkway
Connecticut
1st
and
Corp.,
Light &
ref.
Date
mtge. 7%
Melville Shoe Corp.,
5%
mtge.
620
series A, due 1951— -Aug 22
preferred stock_____
Aug 21
429
6s,1 due 1956
Co.—
bonds,
National Sash
Weight Corp., 1st mtge. 6s_^—
1st mtge. 6% bonds
Warner Co.,
Page
„_Aug 25
gen.
Power
629
7_____Aug 25
631
,_Aug 26
672
PARTIAL REDEMPTION
Company and Issue—
7
Allen town-Bethlehem Gas Co.,
American
due
1953
Atlantic
&
Railways
7
;
collateral
trust
bonds
:—
4%
bonds
due
1952
1
530
Nov
1
531
Carolina, Clinchfield & Ohio Ry.,- 1st mtge. 4s, series A,
due
1965
gep
Central New
due
York
mtge.
gen.
¥%"%*
j
219
bonds
1962
Century
Ribbon
1948
Mills,
Products
Inc.,
7%
preferred
5% %
Corp.
j
5
stocklZIIIIZsep
1
J1968
debentures,
ser.
A
Zsep
—
1
1st & ref. mortgage
4 Vt%
bonds, series D. due 1962
Sep
1
mortgage 3 (48, due 1970
Sep
Glen Alden Coal Co. 1st mtge. 4% bonds due
1965~~ZZ~Sep
Hartford Electric Light Co. 3%% debentures due 1971
Sep
Illinois
Commercial Telephone Co.
1st
3%s, ser
A
532
$2300
1
&
Southern
Ohio
Electric
Co.—
1st
due
1970
International
due
1955
Drug
Paper
Co.
ref.
mtge.
6%
—
Co.,
$4.50
preferred
stock
bonds,
^sep
serZ~AZ
_^sep
Zsep
1
535
1
536
Co.
-
Central
Bank
of
7"'7
3Vz%
Ry.
equipment trust certificates
to Jam 1,
1947. : Awarded to First
Minneapolis by Central Hanover Bank
■'^■v.77.:,<V;;7'--7 ,7—7 7.7''77.
Corp. 22,000 shares of common stock
(par $1).
$13%
per
share.
Offered by Stone & Webster
Blodget, Inc.; Blyth & Co., Inc. and Union Securities
Corp.
]
"
$46,454,669
issues
■"Indicates
Page
placed privately.
special offerings.
Page
Date
Company and Issue—
Hudson
River
1
327
Illinois
Power
536
Oct
1
Jacksonville Gas Corp., 1st mtge. 5% bonds, due 1967__Aug 24
Mock, Judson, Voehringer Co., Inc., debentures...
Sep 15
National Container Corp. 15-year 5(4% debs., due 1952_Oct
1
$1447
Sep
77
—...—
1
National
»?:.
Class
570
570
debentures due 1949—_—Sep
debentures due 1949—
7—----Sep
570
1st
&
ref.
mtge. 5%
570
1st &
ref.
mtge.
Canal
1955
-—Sep
1957—^___^____Sep
Niagara Falls Power Co. 1st & ref. mtge. ZVzfe bonds
fund debentures
sinking
3(4 %
due
due
sinking fund debentures
1966
—I-Sep
—
1
1st mtge. loan ctfS——Sep 19
Pennsylvania Water & Power Co. ref. mtge. & collat.
trust 3(4 % bonds, due 1964
Sep
Rochester Gas & Electric Corp., 6% pfd. stock, ser. D__Sep
&
ENTIRE
ISSUES
536
Claiborne
570
123
571
571
53
673
1st mtge.
Page
All
425*
426
Foundry
due
1951
Scovill
Central
mortgage
Pacific Ry.
bonds
—
Through Short Line,
3
531
1
1
532
532
1st mtge. 4%
Century Ribbon Mills, Inc., 7%
preferred stock
1
219
Sep
1
$2631
Chicago, Burlington & Quincy RR.—
bonds due 1949..Jan
1
$2299
1
1
1
$2516
1st
and
Derby Oil
mtge. 3%%
& 4%
428
533
Light & Power Co.—
ref. mtge.
&
3(4%
bonds, series F, due
Refining Corp.,
$4 preferred
stock
570
1
$2675
1
429
Nov 15
571
(2678
Sep
669
:_Sep
571
...
& ref. 5%
bonds, series A, due 1967___Dec 31
Silverwood
Dairies,
1st mtge. 4(4%
Pacific
Southern
bonds, series B, due 1961
bonds, series B, due 1951
Dec 31
Sep
Ltd.—
bonds, due 1945, 1946,
1947 and 1956_Sep 30
gold bonds—Central Pacific stock coll. due 1949__Dec
Facific
Ry.
Through Short
Line
1st 4s
4%
51
51
1
Co.—
1
$2237
Central
1954
j,
Oct
$2124
1st mtge. 6s, ser. B, due 1947_Sep
670
bondsJZDct
124
j
Southwest Telephone Co.,
Temple University-Greatheart Society, Inc., 6%
Pacific-Missouri
Pacific
Terminal
RR.
of
New
series A, due 1964____
Sep
Texas Power Corp. 1st mtge. 6% bonds due 1956—.
Sep
Gen. mtge. 6(4% bonds, due 1956
;
Sep
Tide-Water Associated Oil Co., serial notes due 1945-46 Aug 15
Tide Water Associated Oil Co., serial notes due 1947-50_Aug 21
United Chemicals, Inc. $3 participating preferred stock.Sep
1
Utica Electric Light & Power Co. 1st mtge. 5s, due 1950
§
West Penn Power Co. 1st mtge. 5% bonds, ser. E, dated
1916
______—:
:
Sep
1
Orleans,
1st mortgage 5(4s,
—
City Ice & Fuel Co., preferred stock
Sep
Commercial Mackay Corp., income debentures....—^.Sep
Conlon Corp. 6%
debenture bonds
Oct
Illinois Division
1
due
1952.^
debentures due 1950-__-,-_
mortgage & ref. 5%
Texas
Oct
1954
due
Sep
Sep
7.
1946.
4s, due
—
Mfg. Co. 3(4%
due
due
Oct
570
Scranton-Spring Brook Water Service Co.—
Co.—
convertible notes due 1946
General
570
Co.—
Ref. mortgage 5% bonds, due 1947...^
Sep
Postal Service Bldg. Corp.-Baltimore Parcel Post Sta¬
tion leasehold mtge. 5(4% bonds due 1949
4;
Sep
Rochester Button Co.. preferred stock
Sep
Rochester
& Lake
Ontario Water
Co.
1st mtge. 5s,
Seelbach, Inc., 2nd mtge.
Central
570
Sep 12
Sep 12
bonds, ser. A, due 1952
bonds, ser. B, due 1955
RR. 6%
gold mtge. bonds
Charles Street RR.
St.
1st mortgage
CALLED
Date
Sep
1
Sep
1
Artloom Corp., 7%
preferred stock
Sep
1
Bethlehem Steel Corp. serial debentures due 1945-1950_Sep
1
.....Sep 15
Peoples Gas Light & Coke
571
Company and Issue—
America Corp., series A and series B debentures
Cable & Radio Corp., warrants.
:
435
570
,
571
Inc. 6%%
Bros.,
5%
432
(1766
Inc.-1—
570
Broadway Corp.,
preferred stock—
Nov
Safeway Stores, Inc. 5% preferred stock
-Oct
St. Louis Public Service Co., 1st mtge. 5%
bonds.
Sep
Schenley Distillers Corp. 4% debentures due 1952.
Sep
United States Leather Co., prior preference stock_.____Sep
Western Auto Supply Co., 3(4%
debentures due 1955__Sep
Roos
Service
income bonds, ser. A and B, due 1949_Aug 30
mtge. gold
.
Corp.—
voting trust certificates
Public
6%
314%
Feb
bonds, series A, due 1953
Products
stock
A
1946..
Co.—
Food
Orleans
New
Products Co.—
1st mtge. 6s, due
Day Line,
ref. mtge.
1st &
569
7-year 3%%
Connecticut
1
Paper Co. 8,233 shares of common
$26 per share.
Originated with
Pierce, Fenner & Beane and Kidder, Pea-
semi-annually
and
Corp. 24,000 shares of com¬
Originated with
Price, $26 per share.
Price,
par).
V'%777 & Trust Co.
7
10-year convertible 3 % %
National Oil
bonds
Chicago & Western Indiana RR.—
Columous
1947—
due
1953
debentures due
National Distillers Products Corp.—
4%
gep
Certain-teed
due
Power Corp.
bonds, due
American
(Louisville
collateral )_„^
&
4% cumulative con¬
Price, $42 per share.
of
Co.
&
Lynch,
National
1
7:
618
j
Sep
Coast Line RR.
Nashville
(no
Price,
Page
1
(no par).
Virginia Pulp &
due
shares
Film
Century Fox
Weld
**625,000 Wisconsin
1st
Date
1st mtge. 3%s, due 1965-Sep
Corp. 4%%
24,748
stock (par $40).
Dillon & Co.
Eastman,
stock
305,250 York
1
A,
3%%
Electric Co.
Paramount
Company and Issue—
Corp.
preferred
mon
\':7'y7
—Sep
due
NOTICES
Oil
by
:-7: body
Megowen-Eucator Food Co , 5% debs., ser. B, due 1947-Oct
Morris Plan Shares Corp. 6% secured conv. bonds, ser.
Notices
were
1st mtge. & collat. trust 3%%
Koppers Co.
Master
which the details
180,850 shares of common stock (par
Price, $3.75 per share. Offered by Burr & Co., Inc.;
& Co. and Hirsch, Lilienthal & Co.
White,
consolidated
Date
Dillon,
536
Redemption Galls and Sinking Fund
a
share.
(624,000 Twentieth
Financing
v77':"77,7wVy:7'(7-'y'7t:7':7.
by
J.)
(N.
Co.
vertible
(Indicates
Company and Issue—
Dillon,
200,000 shares.
Price, $56(4
Offered by Dillon, Read & Co. and associates.
Oil
Offered
Rys. 41/a%. bonds, due Sept. 1, 1951.
2.50%. Offered by Wood, Gundy & Co.,
yield
by
EJempsey-Detmer
Canadian National
Kirkpatrick-Pettis Co.; Kuhn, Loeb & Co.;
Brothers; Laurence M. Marks & Co.;' Mellon
Below will be found
Offered
share.
Price, $33
per
and associates.
Co.
Central Republic Co. and A. C. Allyn and Co.
250,000
Co.;
Lehman
per
associates.
678,187 Sterling Engine Co.
Aluminum & Brass Corp. 10,000 shares of common
(par
$5).
Price, $50V* per
share.
Offered by
$502,500 Bohn
Hutton & Co.; The Illinois Co. of Chicago; Kidder, Pea-
Noyes
&
Merrill
"7v'7777'''
Offered
share.
$37V2
and
Co.
$25).
(par
v
1945. Purpose,
Offered by Charles R. Dunn, New
Lord;
Hayden, Miller & Co.;
B. Hilliard & Son; W. E.
Inc.;
Co.,
&
&
11,250,000 Standard
stock (par
&
Price,
par).
Read
Agency Issues
Issues Not Representing New
common
1,650,000 Standard Oil Co. (Indiana) 50,000 shares of common stock
debentures, dated Aug. l, 1944, due May 1,
77;:'7 refunding. Price, par.
'77 77'.-v.,7 ify, York, fiscal agent. ;v:777;7
of
associates.
and
Co.
&
1,089,920 Sunray
Banks
Lake Erie RR. 24,168 shares
Price, $62 per share,
$50).
.
Reed
stock
Federal
Corp. 60,000 shares of common stock (par
per
share.
Originated with Smith,
&
(par
(214,058 West
$27,455,000
$20).
Co.
1,488,416 Pittsburgh
$11,304,351
Farm Loan and Government
■
Co.
6,812,500 Socony-Vacuum Oil Co. 500,000 shares of common stock
(par $15).
Price, $13% per share.
Offered by Dillon,
shares of common stock (par $4).
Price, $7.50 per share. Offered
to stockholders for subscription at $7.50' per • share*.' unsubscribed shares
(11,893) purchased by The Wisconsin
Co.; Riley & Co.; The Milwaukee Co. and Loewi & Co.
,7
per share.
Originated with Shields
7" 77 \?'777■ .".:7
7-:77 ■ 7'-77i:
7
""•'7.7/;,.7.
$22%
Price,
$25),
Purpose, working capital.
7
Inc.
■
Barney &
21,803
Corp,
163,522 Perfex
.
per
(par
(1,372,500 Phelps Dodge
Corrigan,
'
Katz
,
of common
Dempsey-Detmer
& Co., Inc.;
Lillenthal & Co.
Smith,
14,427 shares of 5% cumulative pre¬
Price, $18 per share.
Offered
by The Wisconsin Co. and Bacon, Whipple & Co.
per
Barr
and
Beane
$18%
Paper
stock
ferred
,
by
Co.,
Co.
&
$jl).
Jr.;
Courts & Co.; Eastman, Dillon & Co.;
Equitable Securities Corp.; Estabrook & Co.; The First
Boston Corp.; First of Michigan Corp.; Glas & Crane;
'
i
&
$35
par). Price,
238,540 Munsing
Co., Inc. and Grubbs, Scott
Burr &
Co.-
Offered
Co.,
Republic
)
Dickson
■
.
per
&
Co.;
&
&
,
7 7. 7 •' '. -7' 777
shares of common stock
.
56,000
3,750,000 Standard Oil Co. of Calif. 100,000 shares of common stock
87,094 Sterling Engine Co, 23,225 shares of common
stock (par $100).
Purpose, refunding/ Price,
share.- Offered by Dillon, Read & Co.; A. C.
Inc.; Almstedt Brothers; A. G7 Becker &
Co., Inc.; Blyth & Co., Inc.; Alex. Brown & Sons; Central
106.50
Allyn
7,
Burge
^7.-v7'7V7v7'
Fenner
Pierce,
Price,
(no
(par $1). Purpose, increase working capital. Price,
per
share.
Offered by Reynolds & Co.; Schwabacher & Co.; Laurence M. Marks & Co.; Hemphill, Noyes
& Co.; A. C. Allyn and Co., Inc.; Cray, McFawn & Co.;
'7'7;-7.7'7
preferred
7
I
!
v>
shares of
Price, 101.
(188,750 McGraw Hill Publishing Co. 10.000 shares of capital stock
$11,50
2,089,450 Montana-Dakota
Utilities Co. 20.894 (4 shares of 5%
cumulative preferred stock' (par $100),' Purpose, refund¬
ing, Price, $99 per share. Offered by Blyth & Co., Inc.;
Merrill Lynch, Pierce, Fenner & Beane; W. E.
Hutton
& Co.; E. H. Rollins & Sons, Inc.; The Wisconsin Co.;
The Milwaukee Co.; Equitable Securities Corp.; The Illi¬
nois Co. of Chicago; Laurence M. Marks & Co.; Stifel,
Nicolaus
&
Co.,
Inc.;
Whiting, Weeks & Stubbs and
Woodard-Elwood & Co. .7
■
I
.
stock
/"I,*779,800 New Orleans Public Service, Inc. 77,798 shares of 4%%
*
7-7
77.7;7"■7777'v
7
27,736
(par
share.
1,487,500 Lerner Stores Corp. 35,000 shares of common stock 7(no
par). Price, $42.50 per share.
Offered by Merrill Lynch,
Pierce, Fenner & Beane; A. G. Bepker & Co., Inc.; Blyth
&
Co., Inc.;
Lehman Brothers;' Hornblower & Weeks;
Paine, Webber, Jackson & Curtis; Kebbon, McCormick
& Co.; McDonald & Company; Reynolds & Co. and R. S,
Co.
National Automotive Fibres, Inc. 86,310 shares
992,565
Offered in exchange to holders of
and 6% cumulative preferred stocks, unexchanged
shares (1,850) underwritten by Milwaukee Co.; Wisconsin
Co.; Morris F. Fox & Co.; Loewi & Co.; Bingham, Sheldon
& Co. and A. C. Tarras & ' Co.
'.
••^
and Scherck, Richter
Lynch,
$12.50).
&
Chapman Ss Co.
7%
'
^
'
,
share.
7V. '
Corp.
Stores
Barney & Co.
1,860,000 Johnson & Johnson
&
Loewi
Co.;
.
^
104 per
share.
777207,900 International Cellucotton Products Co. 4,200 shares of
777.7
common stock
(no par). Price, $49.50 per share. Offered
7 ■;
by Blyth & Co., Inc.
7'"3,508,000 Johnson & Johnson 35,080 shares of cumulative second
preferred stock, series A 4%
(par $100). Price, $106 per
share.
Offered by Morgan Stanley & Co.; Dominick &
Dominick; Clark, Dodge & Co.; Hemphill, Noyes & Co.;
Co.; Werthcim & Co.; Bacon, Whipple &
Co.; Piper, Jaffray & Hopwood; Whiting,
Weeks & Stubbs; Kebbon, McCormick & Co.; Perrin,
West & Winslow, Inc.; Tucker, Anthony & Co.; Farwell,
Reynolds
UTILITIES
1,500,000 Mississippi Valley Public Service Co. 15,000 shares of 5%
cumulative preferred stock (par $100). Purpose, refunding.
Price,
5,500
per
{y777y77;7H:7',7 who offered the preferred stock.
sulphate
Offered by Lee
pulp
-
■..
Co.
$8614
.
7yv;777Hall & Co.; Dean Witter & Co.; A. C. Allyn and Co.,
:;77';7,.Inc.; Central Republic Co., Inc.; Harris, If,all & Co., Inc.;
Power Co. 60,587 shares of 4% preferred stock
(par $100).
Purpose, refunding.
Price, 102 per share.
Offered in exchange to holders of 6% and 7$ preferred
stock.
Unexchanged portion ' (21,000 shares),, offered by
Blyth & Co., Inc.; Lazard Freres & Co. and Wegener &
Inc.
Powder
& Dominick.
;;t'-'7;
-$6,058,700 Idaho
Daly,
j
Offered by Blyth & Co., Inc.
shares of common stock (no
* Originated with Dominick
95 and int.
Price,
Par) .'Price,
preferred
5,000,000 Marathon Corp. 50,000 shares of 5% cumulative
stock (par $100). Purpose/ erection cf bleached
STOCKS
PUBLIC
Co." 19,600 shares of common
per share. Offered by Shields
:,-7
c.-;-v ■' 7';
shares Of class A stock (no par).
5%% cumulative
Offered by A. G.
:•
Becker & Co., Inc.; Merrill Lynch, Pierce Fenner &
Beane; Riter & Co.; H. M. Byllesby & Co., Inc.; Central
7 ,777
Republic Co. (Inc.); Graham, Parsons & Co.; Halgarten
& Co.; Shields & Co.; Stroud *& Co., Inc.; A. E, Masten
"•;777:77'7;:,
& Co.; The Milwaukee Co.; Moore, Leonard & Lynch;
William R. Staats Co.; Stein Bros. & Boyce; Edward D.
7
Jones & Co.; Singer, Deane & Scribner; Frank B. Cahn
7777 '•■'77.777.77 !:&7 Co.- 'and Newhard, Cook & Co,. 7' .77''-77,, 7,7 7
675,000 Howard Stores Corp. 50,000 shares of common stock (par
$1).
Price, $13.50 per share.
Offered by same bankers
Purpose,
•7''.7''v'':77v7:
(Preferred stocks of a staled par value are taken at par, while pre¬
ferred stocks of no par value and all classes of common stock are
computed at their offering
,
'77'';•1.'"''V:.'/;
'.
2,773,600 Howard
7
& Johnson 1,133 shares of cumulative second
preferred stock, series A \% (par $100). Purpose, general
purpcses.7i Price, $106 per share.
Offered by
Morgan Stanley & Co.; Dominick & Dominick; Clark,
Dodge & Co.; Hemphill, Noyes & Co.; Merrill Lynch,
Pierce, Fenner & Beane and Smith, Barney & Co.'
,,
f-/v'Z
% :Z'
,Z :
&
'
(par $5), Price, $16%
co.
1945.
7:
777''7<
113,800 Johnson
,
Placed
I
& Co.
Traction
Florsheim Shoe Co. 8,177
•'
-77;.Brunswick, N. J. or J. P. Morgan & Co. Incorporated.
7
Brothers with a
MISCELLANEOUS
Insurance
Light
(par
and
Offered
$3.55.
Moreland
(474,375 Hercules
stock
Johnson 2i,252 shares of common
general corporate purposes.
&
$12.50).
•$5,000,000 Lerner Stores Corp.
Beane.
stock
&
.
28,000 shares of common stock
by Collin, Norton & Co.
Darling Co.
Price,
Price,' $30J/2 per share. Originated with Lehman Brothers.
7^ 225,000 Georgia Southern & Florida Ry. 1st mtge. 5s, due July 1,
(par
Price, $35
per share.
Offered for public subscription by the com¬
pany,
subscription received at company's office,
New
743,820 Johnson
;, >
purposes.
shares of capital stock (par
share.
Originated with Glore,
7-7777'. 7>"4
corporate
/,rate
share.
<
(
MANUFACTURING
AND
for
4/.",
Water Associated Oil Co. (1% -2.375%) serial notes,
1945-1954.
Purpose,
refunding.
Placed privately
$25,750,000
A.)
Federal
,
■'
>77:
refunding.
,7.7:77'.
companies.,
(
t
shares
Doyle, O'Connor & Co.;
15,000
Co;
S27T/8 : per
preferred stock (par $100).
ferred
1959. Purpose,
Life Insurance
OIL
through Kuhn, Loeb & Co. and Lehman
number of commercial institutions.
Rollins
H.
E.
South Bend RR. 249,556
$12.50). Price, $12.50 per
.
Producing & Refining Co. 3-year 4(4% secured
notes, due 1952.
Purpose, refunding ($567,147), working
capital ($682,853). Placed privately with two insurance
due
V7;::
r
>
,
shares of capital
7
stock (no par).
Purpose, retire bank loans.
Price, $9
per share.
Offered to stockholders and underwritten by
Hornblower & Weeks; Stone & Webster and Blodget, Inc.;
;
7
Bear, Stearns & Co.; Paul H. Davis & Co.; Graham, Par¬
sons
<fe Co.; Hemphill,
Noyes & Co. and White, Weld
;7V.';7:C'::/.
& Co. .. {^;:7(;."V7;-v:;y.;.7;'-7
3,587,500 General Printing Ink Corp. 35,000 shares of $4.50 pre¬
•$1,250,000 Panhandle
Tide
>
of common stock
Price, $13.25 per
$616,050 American Machine & Metals, Inc. 68,450
$22,950,000
•24 500,000
Co.;
OTHER
^V:"v:
(L.
Allman,
,7., \
328,300
.
--:
Boyce.
& Co.
;':V ■''■
y
COPPER, ETC.
(par
7'.7>.,•
Placed
Life Assurance Society of the
15-year 4% mtge. bonds, due
Sold privately to Penn Mutual
Warner Co.
•4 000 000
COAL,
STEEL,
-'7v.'77:--;'.v7.r.'t.,;.:.V-7.
$10). Purpose, acquisition, etc.
share.
Offered by W. E, Hutton & Co.;
L.;
Oats Co. 20-year 2% % debentures, due July 1,
1964.
Purpose,
future development of business.
Price,
99% and int. Offered by Harriman Ripley & Co.; Mellon
Securities Corp,; Merrill Lynch, Pierce, Fenner & Beane;
Glore, Forgan & Co.; William Blair & Co.; Harris, Hall
& Co.
(Inc.); Hornblower & Weeks; The Wisconsin Co.;
Bacon, Whipple & Co.; Alex. Brown & Sons; Estabrook
& Co.; Stein Bros. & Boyce;
Whiting, Weeks & Stubbs,
Farwell, Chapman & Co.; and Kebbon, McCornVick & Co.
*
:V'
$1,987,500 Rotary Electric Steel Co. 150,000 shares
10,000,000 Quaker
-
,7:7';,•: 7;:
IRON,
Wis,
15-year sinking fund
for funds expended
through Goldman, Sachs
States
United
Inc.;; Spencer
Packing
Price,
51).
Stone & Webster and
Boyce;
&
(par
H.
Forgan & Co.
■
99,400
7
Co.;
&
$30).
7
77."
t249,398
of Gosnold Mills Corp.
Equitable
with
privately
company
reimburse
Purpose,
acquisition of control
in
&
Co.,
.-*7.7
$17,427,950
Appleton, Wis,
for Lutherans,
Association
Aid
&
Shields
Co.;
&
Bros.
7
7
f-
debentures, due
privately
•550,000 Perfex Corp. 15-year 4% % sinking fund
June 1, 1959.
Purpose, working capital. Placed
with State Annuity and Investment Board, Madison,
and
(418,125 Cudahy
<
,77
Smith, Barney & Co.;
Blodget, Inc.;
Trask & Co.; Tucker, An¬
thony & Co.; Union Securities Corp.; G. H. Walker &
Co.; Weeden & Co.; .White,. Weld & Co.; Whiting, Weeks
& Stubbs;-The Wisconsin Co. and Dean Witter & Co. •
Scranton
Shore
stock
M. Byllesby & Co.;
Cruttenden & Co. and Otis & Co.
Co.; E. H. Rollins & Sons, Inc.;
Scott & Stringfellow; Chas. W,
&
South
common
Offered by
Inc.;
Jones,
&
Stroud
($1,010,609). Price, par and interest. Sold
Equitable Life Assurance Society of the
purposes
privately
Arthur
Curtis;
Co.;-Putnam &
& Co.; Riter
due June
•5,000,000 Marathon Corp. 3%% sinking fund debentures,
1, 1959.
Purpose, refunding
($3,989,391), general
of
H.
&
Perry & Co
Inc.; R. W. Pressprich &
Co.; Rauscher, Pierce & Co., Inc.; Reyn¬
olds
serial
Products Co. 1st mtge. (2%%-4%)
1945-1954.
Purpose, working capital.
int. Offered by Quail & Co.
300,000 Honeymead
bonds, due
3,139,450 Chicago
Merrill Lynch, Pierce, Fenner & Beane;
Corp.;
Merrill, Turben & Co.; F. S. Moseley & Co.; Maynard
Murch & Co.; The Ohio Co.; Paine, Webber, Jackson
Bear, Stearns & Co;
Paul H, Davis & Co.; Graham, Parsons & Co.; Hemphill,
Noyes & Co. and White, Weld & Co.
>
Stone
Monday, August 21, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
764
53
572
671
572
472
572
572
573
429
1966.—Sep
1
536
Duo]an
Corn.,
profprrad
stock
Aug 15
$■>195
1
328
Harvill
Corp., 6%
preferred
stock
Oct
1
$1863
♦Announcement
time
with
in this
Issue,
interest to maturity..
$In Volume 159.
SRedeemable at any
/
Volume
Number 4309
160
THE COMMERCIAL & FINANCIAL CHRONICLE
"■
DIVIDENDS
! Dividends
tot
we
grouped in two separate tables. In the
bring together all the dividends announced the
Then
follow with
we
Which We Show the dividends
•
'5Vi%
$3
which have not yet been paid.
ord of past dividend payments
Further details and rec¬
in many cases are given
Under the company name in our "General Corporation
Investment News
and
declared.
»
Aluminum
Share
7%
Payable
25c
10-10
9-21
12 %c
9-15
1
»
5%
10-
2
American! Export Lines, 5 %" preferred (quar:)
1
8-25
9-15
9-
10-15
10-
9-30
4
,;V-
.
9-
9-30
1
9-30
9-15
9-
American Sugar
10-
2
9-
8-15
8-
50C
9-15
10-
1
9-
Associates' investment Co.,"com.
/
j'5%- preferred
(quar.)
2
9-
10-16
8-31
(quar.)——
9-30
$1.25
'
9-30
9-
Bankers Nat'l Life
.!•«* Semi-annual
*
10-
8-20
7,/aC
9-30
Briimmel Ties, Inc
Belding-Cortlcelli .Ltd., 7%
i
8-
9
8-
(stock
r
:
T/c-
1st. preferred
2nd
15c
9-
1
9'
$10c
9-20
9-
h
$$1.50
9- 1
8-15
preferred
v
One
38c
.
$2
10-
t-
'
1
2
9-22;
"
r-••/•>!
-f
,
j
of
:
9-30
9-14
$1.18%
10-
2
9-14
'$1.75
(quar.)—
10^
2
9-14
9*15
8-31
(quar.)—______
Central Vermont Public Service—__——
27c
Champion Paper & Fibre Co. (quar.)___
6■%• preferred
(quar.)—2
Chapman's Ice Cream Co. of Cal. (irreg.)__
$1.50
25c
f
9-11
8-24
"
10-
10c
/
1
9-14
8-28
9-,7
„—
(irregular)———
Chicago Rivet & Machine
Cincinnati
Street
/,/'
Ry.—.
9-30
9-20
9-30
9-15
20c
—
8-25
30C
;
9-1
35c
Chicago bock & Canal Co. (quar.)
Chicago Flexible Shaft (irreg.
Chicago Mill & Lumber
9-25
9-15
8-25
(quar.)
__"——
Coleman Lamp &. Stove (quar.)
Colonial Stares/ common (increased quabli
*5% preferred (quar.)———————
5%
(quar.)
8-28
$1.25
9-15
8-28
31
;
50c
5^-
preferred
Ltd.,
Dobeckmun
Dominguez
Oil Fields
Driver-Harris
6Vc
Kodak
Co.,
5%
El
9-15
9-
1
9-10
9-
3
9-15
8-31
9-15
8-31
25c
+
55 %c
f $1.25
•
9-15
8-31
.
9-15
•
11-
9-
1
10-14
1
9-11
25c
9-
1
8-31
8-17
60c
9-25
9-16
$1.25
10-16
20c
9-15
9-15
8-23
*
8-23
8-16
1
8-15
12 %c
9-30
9-15
9-30
9-15
9-
$1.25
—
10-
2
9-
5
$1.50
(quar.)—___
10-
2
9-
5
20c
common
•
9-15
■
8-31
62 %c
9-15
8-31
62 %c
9-15
8-31
—^..
com.
5
8-28
9-11
8-29
10c
9-
1
8-25
75c
stock (accum.)
9-11
9-
1
2
10-
2
9-21
56 '/ic
10-
2
9-21
$2.50
Food Machinery Corp.,
5%
9-15
9-12
10-
2
9-12
10-2
9-12
•
common
8-24
9-30
9-20
30c
preferred (quar.) ______—^
preferred (quar.)—-
5% %
9-
:
1
Wilcox
9-12
8-31
9- 9
8-26
9-9
8-26
9-15
9-
9-15
1
8-20
1
8-23
20;
(quar.)_
Mortgage
8-31
8-
1
10- 2
.
______
9-20
10-
9-20
$1.75
9- X
9-
2
i. 25c
9- 5
9-15
9-10
1
9-15
11-
/ 37J/2C
10-
1
% 9-
9- 5
9-
9-30
9- 1
9- 1
9-1*
9-15
9-1
9- 1
$$1.25
8-17
8-17
8-18
Alpha
2
1
30c
9-15
9-
9-30
9-15
9-15
10- 2
9- 1
9- 1
/ 50c
preferred (quar.)__^_^—______
$1.50
Industries
(quar.15c
Aluminium Ltd., common (quar.)
_____
$$2
Raisin
8-25
8-25
35c
9-30
9-15
Sarnia
Schiff Co.,
■'
7%
San
preferred
Francisco
10- 2
10- 2
9-15
9-15
9-
8
9-
8
9-
1
12-15
9- 9
9-12
8- 3
10- 3
10- 2
10- 2
11-1
11- 1
12-
1
Loan
Assn.
Quarterly
Bridge (irregular)—
common (quar.)—
preferred (quar.)—
35c
9-3Q
9-15
9-15
8-31
50c
9-30
9-16
Schwitzer-Cummins
9-
Seiberling Rubber Co.—
S2.50 conv. prior preference (quar.)
5% class A preferred (quar.)
9-30
1
$1.25
10-
1
9-
1
10*
1
9-
1
+
u
(quar.)
—
12 %c
t $1.37
,
8-26
2
37'Ac
37'Ac
$1.31'A
$1.75
Co.
———
8-31
8-31
8-28
7-24
common—_____
Shares
American. Business
—
preferred (quar.)~—
American Car & Foundry Co., com. (irreg.)_
7%
7%
preferred
—
Co.
Chicle
(quar.)_
,
—
preferred
American Hair &
conv.
9-11
Co.
American Insurance
8-11
8- 4
9-15*
8-15
9-15
8-18
9-30
9-15
9- 1
9- 7
9-7
60C
5c
$1.75
$2.50
$1.75
$1
8-31
9-1
10- 2
10- 3
10- 2
9-15
9- 1
7-31
8-15
•
9-14
9-21*
9-21*
9-1
9-25
12- 1
9-11
9-11
8-30
11-25
8-18
8-18
8-19
40c
9-15
$1.18%
10- 2
9- 1
8-17
9- 6
8-15
50c
10- 2
10- 2
8-15
9-20
9-20
9-20
.
^
75c
9-12
9-1
——
20c
9- 1
8-14
—'
$1-75
9- 1
8- 1
10- 2
10- 2
9-1
9-1
9-1
8-17
_____
(monthly)
(Newark,
\
62^|c
9-1
10- 2
American'Indemnity Co.
9-11
9-11
8-22
9-1
10- 2
9-1
10-15
75c
12 %c
pfd. (quar.)
American Home Products
8-19
9-15
9- 5
9- 1
10- 2
10- 2
American Hide & Leather—
6%
10-1
10-1
10-20
10- 2
9-30
9- 5
9-25
9-11
10- 2
_________—$1.50
$1.50
Felt common—!
1st pfd. (quar.)
$6 2nd pfd. (quar.)__—
6%
10-1
10- 2
preferred (quar.)___
com. (quar.)_
(quar.)
American General Corp., $2 pfd. (quar.)—
$2.50 preferred (quar.)—_____
$3 conv. preferred (quar.)——
4%%
8-15
9- 8
8-15
12-20
9-15
9-11 ;
9-11
9-29.
9-15
9- 8*
8-18* "
9-1
75c
25c
$1.75
7% preferred (quar.)
$1.75
American & Foreign Power, $6 pfd. (accum.)
$1.50
$7 preferred (accum.).
———$1.75
American Forging & Socket
—12 %c
American Envelope, 7%
•
9-11
10-10
20c
9- 1
9-30
9- 1
1-2-45
20c
——
preferred (quar.)————
American Bantam Car, conv. pfd. (Initial)—
8-U*
9-
_____
6%
American Can Co.,
8-31
8-31
9-8
9- 8
Louis)— '
'
8-11*
9-11
$1
75c
50c
(quar.)—
—
Bank Note,
American
American
J.)—
N.
37'Ac
9-
1
8-28
39'Ac
8-16
9-12
9-30
9-30
6-16
25c
Extra
5c
American Investment Co. of 111
15c
American Investment Securities
'
15c
American Laundry Machinery
50c
American Metal Co., Ltd., common—25c
6%
preferred
(quar.)—
—
$1-50
8-28
American Nat'l Bank & Trust Co. (Chicago)—
9-26
50c
(quar.)
Remedial
*
5Vi'io
1
$1.25
10-10
10- 2
$30c
t$1.75
37V2C
37'Ac
Semi-annual
—
—
9-11
10- 2
50c
—
8-31
1
8-21
;—___
American Gas & Electric Co.,
$1,50
20c
Rolls-Royce Ltd., Amer. deposit rets, (final)
Realization
—L;—
Russell Industries, Ltd., common (quar.)—
9-15
9
99-
25c
Co.__—____
Roper
9-15
9-
10- 2
10- 2
9-1
9- 1
Asphalt Roof
Quarterly
9
9-20
Paper—5c
H.)
American
9
9-
9-15
Extra
9-15
9-
10- 1
10- 1
conv.
American Automobile Insurance (St.
8-21
10- 2
Riverside & Dan River Cotton Mills_
(H.
preferred (quar)____
t$1.50
Goods Mfg., common^!—20c
preferred (accum.)__
American Arch (irregular)—1—
6%
8
37J/2C
Packing Co.—_____
25c
Raybestos-Manhattan Inc. (quar.)—37'Ac
Reed Machinery Co—
25c
Republic Steel Corp., common
25c
6% prior preferred (quar.)
$1.50
6% conv. preferred, series A (quar.)
$1.50
River
6%
Aluminum
8-18
(N. Y.)—
Copper & Brass Inc., 5'A % pfd. (quar.)
preferred (quar.)—
preferred (quar.)___
______
Portland Cement__^.______-_-.«——_
Co/ of America, common____^___
50c
433Ac
25c
$1.25
25c
$1
25c
6%
8-31
9-
9- 5
9-12
9-25
9-16
10-14
Rath
Revere
(quar.)
Aluminum
.
10- 1
4V4%
—_
Corp. common
Amalgamated Leather,-6% conv. pfd. (accum.)
———
_________
Products
•
8-31
1st preferred (quar.)____
$1.06%
2nd preferred (initial quar.)___—
$1.06V4
Philadelphia Co., $5 preferred (quar.)
$1.25
$6 preferred
(quar.)
$1.50
Philadelphia Suburban Water, common.20c
6%. preferred
(quar.)
$1.50
Philadelphia Germantown & Norristown RR.—
Quarterly
!
:i
$1.50
Philco Corporation
^_
20c
25c
Pittsburgh Forgings (quar.)_____
Preferred. Accident Insurance (quar.)
20c
Preston East Dome Mines (quar.)
$5c
50c
(s-a)_—
pfd.
conv.
Aluminum
9-11
Pennsylvania-Dixie Cement Corp.—
$7 cony, preferred A (accum. i_
—
50c
Pennsylvania Salt Mfg.; (irregular)—$1.50
peoples Drug Stores-——!-35c
Peoples Water & Gas, $6 preferred (quar.)_
$1.50
Perkins Machine & Gear, 7% pfd. (quar.)__
$1.75
Pet Milk Co., common (quar.)—
25c
non-cum.
8-21
,
Class A
4%
9-15
75c
20c
Aviation—
(quar.)
—______—__
Allied Stores Corp., common—
*-■
5%
preferred (quar.)__ll'——
Allis-Chalmers Mfg. common_____—;_i—__
1
Co
of Bee..
8-16
r
8-21
*$1.20/preferred'Class A (quar.)——
Holders
When
Payable
7*31
8-31
Allied
8-18
10- 2
9-
—
8
9-1
: 10- 2
4%
8-25
9-14
(quar.).
$1
Allegheny Ludlum Steel, common____-_-—
35c
7%
preferred (quar.)
——$1.75
Allegheny & Western Ry., Co., gtd. (s-a)___
$3
Allied Laboratories, Inc.____—_-i*-_-—_
15c
8-19
9- 1
9- 1
Quarterly
8-12
9- 1
'
8-31
8
8-15
Peck, Stow & Wilcox Co. (irregularh-—15c
Penipk & ,For4 Ltd. (quar.) ——
—
75c
Penn Electric Switch-*•
'
r.
Rapid Electrotype
9-15
9-15
.9- 1
9-
v
9-12
Extra
8-28
9-15
9- 1
9-20
(quar.)__
25c
15c
Steel
Ail-American
,
—
;
9- 5
9- 5
Agnew Surpass Shoe Stores, Ltd., common—
t50c
7% preferred (quar.)_
$$1.75
Air
Associates
__________—20c
8-25
(quar.)
Co
9-15
9-15
10- 2
10-2
(quar.)______—75c
ACine
9-12
75c
$1.50
25c
Pyrene Manufacturing
$1,12%
$1.12%
$1.75
L;
$1.50
share
Aeronautical Products
8-21
1
9-30
—
& Trust Co.
8-24
;
Per
4
15c
Cot_-_----_i—---------
Bank
8-18
9- 6
8-18 /
10-16
'
Name of Company
9-15
25c !
Quarterly
Pure Oil Co., 5%- conv. preferred
6% preferred (quar.)___
9- 1
25c
,
7-29
8-15
^
8-15
9-
Public National
$1.75
9-15
9- 1
Industrial and Miscellaneous Companies
:;
'
;
9-1
10-31
preceding table.
9-2
20c
$81 Vic
52c
25c
50c
i
(quar.)—_______
$1.183A
$1.50
8-25
the dividends announced in previoua
The list does not include divi¬
given in the
8-22
^
•
9-15
8-15
9- 1
9-6
,
dends announced this week/these being
9-14
Corp.—
pfd.
8-21
10-16
10-16
8-21
9-30
9-1
9-15
Below we give
8-31
9-
50c
■
8-31
^
9-1'
11- 1
11-1
weeks and not yet paid.
8-25
$31'Ac
30c
______
8-15
8-15
8-19
8-19
8-29
8-18
$1.50
$1.75
50c
(quar.)
9-1
9-1
9-12
9-20
8-23
$2.50
Ltd., 6%
8
8-23
^ $2
9-15
8-25
8-25
9-1
9-1
9- 1
9-20
—
9
99-
10-1
9-15
9-15
10- 2
Crampton.
Worthington Pump & Machinery Corp.—
!
4'A % prior preferred (quar.)
_____—
4'A% conv. prior preferred (quar.)
7% preferred A (quar.)__
6% preferred B (quar.)
—_
Wurlitzer (Rudolph) Co._____.—
Yellow & Checker Cab Co. (Consol.)—
/Class A (accum.)
i
"
9-20
8-19
9-15
9-15
9-12
9- 8
8-25
8-31
9-15
9-15
10-16
10- 1
10- l
9-28
9-18
9- 7
9- 9
9-25
10- 1
10c
6c
15c
•
9-20
$2c
.
9-1
10- 2
25c
Electric Power, common________
preferred (quar.)____—
6 % preferred (quar.)_.
Wood Newspaper Machinery Corp.—
$7 prior preference (accum.) —
_—
Woodward Governor Co. (quar.)
8-29
10-1
30c
_
9-15
$1.50
45c
43A%
30c
common____
$lc
Wisconsin
_____
.Penney (.J, C.)
&
8-31
25c
(Denver)
8-30
9-12
F.) Oil & Gas
(H.
9-30
9-20
10- 2
(interim)
8-31
(quar,
Wolverine
Class C
9-12
._!
Page-Hershey Tubes Ltd.
Parker
■>
8-31
9-30
10%
Washington Water Power, $6 pfd. (quar.)__
West Virginia Pulp & Paper (irregular)
9-12
$1.25
$$1.50
15c
—15c
Oneida, Ltd., 7% preferred—433Ac
Qshkosh B'Gosh, Inc., common (quar.)
10c
$l!50 conv! preferred (quar.)_t.-____
37'/2C
25C
(quar.)
Company
9-15
15c
Olympia Brewing, commoH—
6% participating preferred
62 %c
common
(irregular
.
Garlock Packing Co
Gatineau Power, common -(quar.)*.«»——
<
8-31
9-20
$1.75
Special
Gabriel
9-15
+
(quar.)____
(quar.)__————-
Stores Inc;,
25c
50c
(quar.)_^
preferred
9-25
10-2
$1.25
Northern States Power Co.-(Wise.)—
<
Mining & Smelting Co
______
First State Pawners Society (Chicago) (quar.)
Federal Water & Gas Corp. (irregular )—_
Fair
9-18
-
25c
Northwestern Utilities
Robertson
Federal
Food
2
1
9-18
2
10-
New England Tel. & Tel. Co.
(Irregular)
ttewmont Mining Corp—< 37%c
Newport Electric Corp.—
________
*
40c
7%
40c
——
English Electric Co. of Canada Ltd.—
A
9-
8-31
10-
87Vic
25c
?
—
(quar.)
class A v.t.c.____.
preferred
10-13
1
9-11
9-11
i.
National Oats __J_
15%
1
25c
Products
preferred
9-
37Vic
Natipnal Radiator Co. _____—
I^ew Bedford Rayon, class A (irregular)-^—
9-21
10-
$3.50
(increased)—
preferred (s-a)——
4%% preferred series A (quar.)__
9-
25c
——
(irregular).^—
7'If
Class
/ 5%
1
8-26
8
8-25
9-15
$1.25
Ltd.
Oils
Winters
Corp
National Food
!
>
25c
Emporium Capewell Co.,
—
9-14
12%C
Empire Power, $2.25 partic.
'
9-13
2
9-30
25c
class A
common
Co.
Inc.
1
25c
Dorado Oil Works
Boat
&
11-
;
,
—
Electric
9-
10-
200%:
(quar.)____
convertible preferred (quar.)
conv. preferred series 1931
(quar.)__
Electromaster
9-15
9-1
9-10
$2
(initial)
(quar.)—
Edison Brothers Stores,
5%
2
9-10
10-
V
25c
preferred (quar.)
(quar.)
Products
preferred
8-25
25c
——
Easy Washing Machine,
■ri-j Class B
Eastman
9-
37Vic
(quar.)
Insurance
Loan
9-
9-15
9-15
___—
Stock dividend
Steel
•9-5
25c
.
—.
Duquesne Light Co., 5% 1st
Eastern
7
8-11
9-15
$1.25
____
Co.__i
Durez Plastics & Chemicals, new com.
•
9-
c
9-25
:
25c
—_
(monthly)
9-22
•
20c
;—
Company
8-10
25c
62 %c
(quar.)
com.
(quar.)—
8-20
8-20
'.9- 9 V
40c
(quar.i —r_
Devonian Oil (quar.)__
—
<
/
1
•
30C
B
Distillers Corp.-Seagrams,
9-
8-25
-
>9-1
$1
.
Class
9-1
1
8-24
•
conv.
(quar.) —
%C
75c
—
Dewey & Almy Chemical, common
9-
62 %C
-
preferred (quar.) ——_—-—
Dejay Stores, Inc
Delaware & Bound Brook ftR. (quar.)—
5%
1
50c
Copperweld Steel Co., common—_——
5% coiiv. preferred (quar.)—
Crown Zellerbach Corp. (quar.) _
i—
Crucible Steel Co. of America—
/'-i,//
*
9-25,
9-
9-15
———————
Corp,—1—
2
1
9-14
Community Public Service Service Co. (quar.)
Continental Oil Co. > (Del.)
(quar.)
Continental Steel
9-
75c
preferred
Columbian Carbon
1
50c
Colorado Milling & Elevator, $3————
Columbia Pictures Corp.——
_
:
10-
$1.75
1
9-
9-15
35c
City Investing Co., .7% preferred (quar.)——Clark Controller <.
?r
—1
Clark Equipment Co., common
—
9•
1
$1
___
.
9-25
$1
(quar.)———
$1
25c
•Chesebrough, Manufacturing
8-24
9-
12»/aC
___:
;
Munsingwear, Inc. (irregular)____
Muskegon Piston Ring_L_.——
Naniimo-Duncan Utilities, 6Vi% pfd. (quar.)
Nathan Straus-Dupar, $2.50 preferred
National City Lines,
common (quar.)
.'•(Class A (quar.)wj____.._-—-—_
8-12
•
r....
share
shares held—
70
9-
9-20
9-1
37 Vic
—.
Mississippi Valley'Public Service, 1% pfd—
Mock, Ju'dsoh, Voehringer-Co—
Montreal
-
10-16
(interim)
_
-
8-30
20C
37'Ac
37Vic
Quarterly
Motor Wheel
5
9-11
$1
Mississippi Power Co., $6 preferred -(quar.)
$7 preferred
(quar.)
8-15'
9-
9-
r: 8-15
9-
$1.50
Navigation Co
Agricultural __J_
Fire
9-1
9-14
V
•
(quar.)
Reduced
9-15
60c
,
:
8-31
9-<29
:
$1.25
$1.06'A
preferred (quar.)
4'A % preferred (quar.)
9-15
10c
(quar.)
Manufacturing Co.,
5% preferred
(s-a)
Middlesex' Water (quar.)
8-21*
1
9-15
65c
(quar.)
preferred
Merchants
9-30
9-
9-20
Ltd. (quar.)
dividend).
common-for each
$4.75
■
9-20
12 %c
_
•
2
$1.25-
'
9-15
1
McKenzie Red Lake Gold Mines—
1
10-31
$4c
}
"
"4 $lj50 coavj preference (quar.)_
Carolina Telephone & Telegraph (quar.)
Celanese Corp. of, America—
'
;.
'
10-
25c
May McEwen Kaiser Co. (quar.)___
8-15
9-
2
25c
Merrimack
Canadian Western Natural'Gas,' Light Heat
.:!;/& Power Co., Ltd., 6% preferred (quar.)_
Capital Wire "Cloth & Mfg.'—'
•
8-25
9-10
$$1.50
10-
25c
_____
Common
Maui
2
50c
.
Sylvania Electric Products—^_____________
25c
Sylvanite Gold Mines (quar.) ___"___!—
$3c
Talcott (James), common (quar.)10c
5ya% partic. preference (quar.)______!—683Ae
Tennessee Corp.
——.___
25c
Tom Bell Royalty (irregular) ______4-*——_
2c
Toronto Elevators Ltd., 5'A%
pfd. (quar.).
$65'/aC
Transue & Williams Steel Forging.
50c
Union Bag & Paper Corp.______—15c
Union Investment Co., common____________
10c *
-7.6% preferred (quar.)_____
________
95c
United Aircraft Products, common (quar.)__
25c
5%% convertible preferred (quar.)
27'/2C
U. S. Envelope Co., common (s-a) __________
$2
7%
preferred (s-a) ____________—______
$3.50
Valley Mould & Iron Corp., common
50c
$5.50 prior preferred (quar.) ____________
$1.37'/a
Valspar Corp., $4 conv. preferred (accum.)$1
Virginia Electric & Power, $5 pfd. (quar.)__
$1.25
Warner Aircraft Corp. (resumed)—________
10c
Warren Brothers Co., $1.35 Class A (quar,)
333Ac
$2.50 Class B (quar.)
62'Ac
Matson
1
9-15
Power—
Fund
Canada Crushed-Stone,
'
8-21
9-
2
Piston
Common
2
9-15
40c
preferred (quar.)___
Broulan Porcupine Mines (irregular
Budd (E. G.) Mfg., $5 preferred (quar.)
9-18
>•
(quar.)_____
Co., class A
Magma Copper Co
Martin-Parry Corp.
5
50c
6%
Burd
9-
10-
!_
Electric
9-
50c
___'
ty>ss Manufacturing Co.—_——
Columbia
8-31
9-15
$1.25
,•
2
1
$1.12%
(quar.)
Corporation
10-
25c
_______
British
9-
$$1.75
—
Sunset
30c
•
8-24
9-15
5%
8-12
(quar.)__
common
50c
8-25
$1.50
(quar.)________
class A (quar.)
Canada,. Ltd,
____
Stokely Brothers (stock dividend)
Strawbridge & Clothier, $5 pfd. (quar.)_
10c
Corp.
$$3
(accum.)
(quar.)__
8-10
25c
1% preferred (quar.
Magazine Repeating Razor Co., com.
x$5 preferred
(quar.)—
•
8-31
15c
of
6%'preferred
6%
50c
—
-
Breeze
7
*
pfd. (quar.)
Berghoff Brewing Corp
QZZ.
Bird & Son, 5% preferred (quar.)—
Bond Stores,^ common; (quar.)———_„
4%% conv. preferred (quar.)———___
City .Mfg.,
8-
Co.
pfd.
common
8-15
50c
Extra
9-1
10- 2
9-15
10-16
10-16
(quar.)-__
1
_____
Lily-Tulip Cup Corp.___;
Lincoln Service Corp. (Washington, D. C.)—
2
3c
Insurance Co. of N. J.—
___—!__—_—
Beau
Bullock
Kelvinator
8-28
1
(irregular)
Kimberly-Clark
•■■'•'!
pfd. A for each 10 shares
—
;
1
9- 1
9-
25c
Class B
9.-11"
9-23
9-13
9-18
9-
_i
Kelsey-Hayes- Wheel
8-19
37'Ac
8-12
Corp.
Feiss
&
1
Co.
50c
Joy Manufacturing Co.
9-11
25c
_
Joseph
(increased)
8-19
8-31
8-12
;:/..!
Inc.
Gas
!
1
Johnson & Johnson, common (initial s-a)
*
4% 2nd preferred series (initial quar.)
8-24
50c
f
of common held——
Bandini Petroleum (reduced quarterly)
"
Bankers National Investing, 6%
preferred-
Border
Johns-Manville
9-15
"45c
—_
_:
;
Interstate Hosiery Mills
5
$2.25
-'Atlas: Imperial-; Die sel/Engi ne_^ —/
Autocar Co..'(stock dividend) — ;iT !
One share of 5%
*:Class B"
Pacific
8-19
8-31
50c1
.
$2.50
pfd. (quar?)-.
Machinery Co. (quar.)_
International Harvester Co.
International Safety Razor,
7-14
$1.75
•
8-31
$1.50
.
1
5
9
10-
Standard Fuel Co., 6'/a%
Standard Oil Co. (Ohio),
9-
8-25
25c
Spartan Mills
a-20
Southern Natural
1
8-30
$1.75
8-30
8-30
9-
8
9-11
,
: 20c
Southern
9-15
International Cigar
8-21
9-1
9-
:
;
37Vic
(quar.)
9-1
9-
87 Vic
—________________
Sugar
8-19
9-30
25c
$-16
$2
9-
9-30
.
8-25
9-14
50c
9-15
2
9
.____
&
preferred (quar,)
6% preferred (quar.)_
7% preferred (quar.)____
10- 2
$75c
$1.50
8-2$*a»
9-15
gc
I
$1
25c
$2
1
9-15
10c
Sheller Manufacturing
9-15
.
23c
—_________
9-1
50c
(quar.)
Commercial
B
9-15
9-
9
pfd. (quar.)
American Telephone & Telfegraph (quar;)
Arkansas Natural! Gas, 6%~ pfd. (acciim.)—'
(quar.)
of Nee,
(quar.)
9-30
$1.50
$75c
Corp., class A
10-2
$1.25
9-15
9- 9
_
____:
Refining,. Y%
9-15
2
50c
1
9-
%
___
Co.
American .Stores
(quar.)_
Honolulu
Oil Corp
Huttig Sash & Door_->—
Illinois Municipal Water, 6%
9-15
2
$1.25
$5 preferred
,
9-15
;
2
v
10-
Holders
Payable
Southern Advance Bag & Paper—
_
10-
Machinery & Foundry Co.__
American Meter fco.' (irregular)
—___
1
Hazeltine
2-
10-
American
1
9-
Corporation
—50c
Heileman <G.) Brewing Co. (La Crosse, Wise.)
25c
Hewitt Rubber Corp.- (quar.)
! / 25c
Hires (Chas. E.)
Co.; (extra)
:
! v,
30c
9-15
9-
15c
—___
9-
10- 2
__________
preferred
Hawaiian
•
—
Co.,
preferred
$1.50
2"
9-
12%c
——
(B. F.)
Co., $2 preferred (quar.)
Hathaway Mfg. (quar.)
Haverty Furniture Cos., common (quar.)
Holder
*
(quar.)
;
preference (quar.)
9-12
Corp.___________!
Shepard-Niles Crane & Hoist Corp.____!
Skenandoa Rayon Corp
Hart-Carter
■
_____
B
8-31
75c
2nd preferred (quar.)_
Power, $6 preferred (quar.____
Hanley (James) Co., common (quar.)
When
-
Aero Supply Mfg., Class A (quar.)
'
37%c
7%c
Airplane & Marine Instrument——
Alexander & Baldwin (irregular)
40c
American Air Lin^s,. $4.25 preferred (quar.)
$1.06 »/4
I. $2
American.Asphalt. Roof Corp., 6%rpfd.____
$1.25
American'Cigarette & Cigar, common—
6e/e preferred (quar.)—'
____'
$1.50
American Coach &.Body—
/ 25c
15c
American Colortype Co.
:
iUnerican. Cyahamid, class A (quar.)—-—
15c.
Class
9-15
6%
■
Castings Corp._________
Class
■
Gulf
of Reo
-
A (quar.)
Common
are:
Per
;'
Name of Company
Addressograph-Muitigraph Corp.
8-31
(quar.)___—./
Green Mountain Power, $6,pfd. (accum.)—
Great West Saddlery, 6% 1st pfd. (quar.)__
■
!
Advance
Goodrich
Industrial and Miscellaneous Companies
■
9-15
Georgia Power, $5 preferrad (quar.)____!
.'
$1.25
<6% preferred
(quar;)$1.50
Department" in the week when
The dividends announced this week
.
Serrick
25c
preferred
8-31
When
share
Name of Company
9*15
12Vic
_________
partic. preference
of Rco,
(Per
683Ac
'_J_—
Class B common
previously announced, but
Payable
765
Holder!
12Vic
(quar.)—
Gemmer Manufacturing Co.—
second table in
a
Extra
When
Share
Gaylord Container, common
are
"week/
current
Name of Companp
Per
-
——
9-15
8-18
10-14
?0c
9-15
9- 5
10c
9-30
8-25
preferred (quar.)——
————
American Rolling Mill Co. common—
4%% pfd. (quar.)
——American Smelting & Refining, common—.
$1.75
20c
$1.12%
50c
9- 1
9-15
10-14
8-31
8-25
Steel Foundries (quar.)_———
50c
9-15
9- 1
-
News
Co.
—
(bi-monthly)—
9-15
American
9-15
American Radiator & Standard Sanitary—
12-31
i
Common
7%
9-15
9-15
9-15
25c
9-15
"9- 5
American
63c
10- 1
9-15
American
$1.25
10- I
9-15
Class
8-31
8-31,
8-18
10-16
• 25c
25c
$1.37%
.
9-1
$1-50
Quarterly
12-15
1
7-28
9-11
9-1
9- 1
9-30
9-
8-18
American Superpower $6 pfd. (accum.)
Tobacco Co., class A (quar.)
B
(quar.)
——-
^
„
__
8-15
9-15 ^
8- 4
8-31
$1
75c
9-1
8-iu
75(5
9- 1
8-10
'
When
Per
"American
Anaconda
Anchor
$5
Mining Co
Glass Corp. common
Copper
Hocking
;
(quar.)_
preferred
'
9-
;J
Mining—
Anheuser-Bush, Inc.
Archer-Daniels-Midland (quar.)_
Extra
Arden
*$3
Co.,
common
$6
(111.)—
Co.
&
Armour
4%
Artloora
'*■
7%
Corp..
——
Canada (quar.)—
Dry Goods Corp., common——
6% preferred (quar.)
;—
1
7% preferred (quar.)
■
Atchison Topeka & Sante Fe Ry
Atlanta & Charlotte Air Line Ry. (s-a>—
Atlanta Gas Light Co., 4%% pfd. (quar.)-
Atlas
—
preferred
6%
Petroleum
Bandini
Class A
$1.20
Manufacturing
Belden
Berkshire
$5
pfd.
W.)
(E.
Co..
preferred
$2
<fc
(quar.)__
Co.
preferred
Bruck
Silk
—
(Irregular)
——(quar.)
Mfg. (quar.)——
(interim)
G.)
Bueli
Die
&
Buffalo
common
Mfg.. $5 prior pfd.
Machine
(quar.)
Forge
Bullock's.
!!
Co
-
(quar.)__
;
;
8-15
9-25
Consolidated
8
Consolidated
*
i 9-
1
8-15
Consumers Gas
10-
2
9-12
Consumers
8-21
7-31
Container
8-25
8-15
Continental
8
1
8-25
8-10
9-11
8-25
1
8-14
9-15
8-30
9-
Butler
5%
Brothers,
conv.
Butler Water,
(quar.)—!
common
preferred
(quar.)
preferred (quar.)
7%
___
8-31
$4
8-11
8-15
•
2-14
8-19
Crane
9-15
8-15
Motor,
Dominion
8-25
8-15
8-25
8-12
8-
99-
8-15
9-
7-31
9-
8-
3
9
8-
3
9-15
9-
1
5
9-1
7-20
9-11
$5
B
I 6%%
9-30
1
8
8-23
9-15
9-
9-20
Denver Union
10-16
9-20
Devoe
9- 1
7-31
8-21
10-
1-
Industries, class A (quar.)
B
(quar.)
$$1.25
10-31
9-29
9-15
Trust—
1
8-
10-
2
9-20
$2
9- 9
9-
$1.50
1
1
6%
1
8-15
9-
1
8-15
8-31
8-15
»v
9-15
8-15
9-16
9-
$1.25
9-
r. #
,
1
10- 2
8-31
1
1
8-17
10-2
9-20
Mfg. 6%
9-15
9-15
,8-17
Dixie
5
8-25*
Corp.,
12-15
preferred
pfd.
(quar.)
5%
preferred
common
Stores
Donnacona
•
A
Class B
.
—
9- 1
10-10
15c
9-15
15c
9-15
(quar.)
$1.12%
9-
15c
9-
pfd.
8-15
9-
15c
;
$1.12%
1
'ri,
8-21
9
i:
8-19
r?
8-15
9-15
:
$1.75
(quar.)
Machine
99-
1
9-
8-25
1
87 %C
preferred A (quar.)
of Canada,
Co.
1
25c
Corp., common
8-15
8-18
$25c
Bridge Works-—
Kleiser
9-16
8-26
9-16
1
7-31
10-1
9-15
37%c
10-
2
50c
9-
1
9-
1
9-
25c
:
Co.—
A
(quar.)
■»:;.
—
(quar.)
preferred (quar.)
910-
9-14*
fi
8-15
1-,
9-16
8-14
9-1
•
2
9-15
$2
25c
$1.75
preferred (quar.)
General Electric Co., Ltd.
8-19
8-19
9-30
75c
Baking Co., 8% preferred (quar.)__
Co., common (quar.)
.__
9-15
8-15
-
1
30C
(quar.)
Corp.
9-
$1.12%
preferred
Co., 6%
8-14
(Great Britain)—
9-1
it- 7-25
9-
1
•<■!
9
8-26
9-
9
8-17
$1.25
11-
1
10-
9
/
25c
10-16
10-
2
11-15
11-
1
$1.50
11-15
11-
1
30c
—
9-
$1
Ordinary registered
9-27
50c
9-15
10%
-
—
7%%
General
Fireproofing
Motors
25c
75c
Co.—
Corp.,
preferred
common..
(quar.)
Outdoor
Advertising, common
A
preferred
'
8-26
37 %c
Class A
7%
6%
!
9-
25C
——
(quar.)
7%
America
Class
5
8-15
1
4V2%
General Cigar
$5
9- 5;
vie 9-
1
(quar.)—_
——
Dock Co.—■
Co.
convertible
General
1
$25c
&;
4'/2%
9-
(quar.)
General
Refractories
General
Reinsurance
Corp.
(N.
Y.)
(quar.)_
7-25
;-r -9- 5
St 8*
$6
44/100ths
(accum.)
stock
stock
(optional
preferred
series)
mon
dividend
share
of com¬
cash—
or
!
8-
8-15
•v<:: .-£»•,■
30c
10-
1
9-12
8-
General
1
Steel
5%
Wares,
Co.,
(interim);—-.<
common
common
preferred
conv.
Globe &
7-20
preferred
1
Goebel Brewing Co.
9-
1
10-
9-
1
5c
9-
9
(accum.)
(quar.)
Manufacturing
R-31
9-15
8-15
$1.25
9-15
8-15
50c
Great American
Atlantic
11-15
9-
8
preferred
Great Lakes
Increased
8-15
9-11
Copper
•
9-
1
8-15
12-
1
11-15
9-30
12-23
12-15
9-30
&
Co.,
6%
9- 8
9- 1
8-11
1
8-11
3-1-45
9- 1
9-1
10-31
10- 2
2-9-45
8-11
8-11
10-10
9-
9
(quar.)
8-15
8-25
7-31
8-19
$50c
9-1
$10c
9-20
8-1
8-24
9-
4'/2 %
Hancock Oil Co.
$25c
(resumed)
,
$25c
9- 1
9- 1
8-15
8-15
■.
v
10-
8-21
;
2
9-
8
2
9-
8
50c
9-
1
8-11
9-
1
8-11
1
8-15
8-
122 %c
—
9-
1
8-10
10c
common
9-15
,
4
8-25
i
'
$1.50
9-
1
8-11
9-20 i
25c
common.
9-
5
$1.12%
10-
2
9-15
50c
(quar.)_
9-
1
8-15
(Cal.). Class A (quar.)
10c
(initial quar.) —
com. (quar.)_
pfd.
1
8-15
9-
1
8-15
9-
1
8-15
9-
1
9-
1
$1.06%
•
25c
v
8-15
8-11
$1.50
common
5%
preferred
5%
;—
a
V
Harrisburg Gas, 7%
9-15
9-25
9-15
$1.25
9-25
9-15
$1.75
p+eferred 2nd issue (quar.)
preferred (quar.)
(quar.)
9-25
$1.25
(quar.)
10-20
15c
(quariTl
Corp.,
9-
50c
—
A.), $4.25
Harnischfeger
10-16
9-
10-
6
9-29
1
8-16
9- 5
(quar.)_
$1.12%
Hartman Tobacco. $4
$2
9-15
Harvill
prior pref. (accum, )__
preferred
3c
10-1
(accum.)
$1.75
Chemical, 4Vz%
Corp.,
6%
Bakeries,
Hawaiian
preferred
pfd.
Pineapple
Hazel-Atlas
Hecla
Class
Co.
Rubnstein.
A
$7
Glass Co.
Mining
Helena
conv.
25c
8-17
9-25
9- 1
Hires
37'/2c
^9-11
8-18
Hobart
$1.25
(quar.)
8-24
8-15
2
..
9-15*
25c
9-15
8-15
9-
9
8-31
25c
10-
2
9-15
20c
9-
1
8-13
$1
9-
1
8-18
50c
9-
9
31c
9-
1
8-13
30c
9-1
8-15
37 %c
9-.1
common—
common
—
(quar.)—
EJ
1
8-25
50c
(auar.)
(Charles
9-
10-
common
Chemical Corp.,
preferred
-
(quar.)
4%
preferred (quar.)
Heywood-Wakefield Co.,
8-31
*
9-25
12-23
1
(quar.)
preferred
5c
,
Ltd.—_—
:
B
(M.
6%
1
2
9-
Harbison-Walker Refractories,
5%
10c
9-
10-
1-2-45
9-
Extra
Hanna
1
10c
Extra
Class
Hevden
1,
Paper,
preferred
Hathaway
1
$87'/2c
8-15
9-
25c
(quar.)-;
preferred
Hammermill
Harshaw
9- 1
$$1.25
$30c
a
8
8-19
15c
8-12
9-
1
9-
1
$1.50
.
(quar.)
Co.,
8-25
9-
25c
(quar.)
Ltd.
Watch
8-19
V
$1.75
,
Stores
Mines,
Hamilton
8-19
9-11
$1.75
,
(quar.)
preferred
Brothers
Hallnor
12-15
8-19
9-
Special
Co.
1
8-20
9-15
50c
common
(quar.)
Corp.
Cotton
9- 1
9- 1
8-15
1
10-
Oil
Hale
-■
1
34%c
(quar.)_
preferred
Cooper
Hamilton
8-19
9-
9-
$1
Brewery—
12-23
9- 1
11-15
9- 1
8-15
50c
—
preferred (quar.)
7% preferred (quar.)—
Gulf
8-18
1
40c
(s-a)-
Y.)
7%
-
8-21
9-15
9-
30c
common
(N.
(quar.)
Paper
Cananea
Griggs
2
■*'.
9-11
1
25c
Tea,
(quar.)_,
Great Northern
Griesedieck Western
8-19
8-25
Engineering Works—
8-15
10-
1
10c
\
(quar.)
Greene
5]/2r/c
8-10
9-
$1.75
Pacific
9-15
8-15
1
25c
(N. Y.)
Indemnity
&
Great Eastern Fire Insurance
1
9-
7%
9-
9-
$3
(s-a)
9-15
25c
(quar.)
Bank
National
Grace
8-10
9-10
50c
Co
Co.
W.)
8-24
;
25c
(quar.)
Goodyear Tire & Rubber, common
$5 preferred (quar.)
(H.
9-12
1
$5
1
of Amer.—
Golden Cycle Corp.
Gorhain
-
56 Vac
(quar.)
Republic Insurance Co.
2nd
9-
9- 1
9-30
25c
8-15
1
Glidden
1
9-
9-
$1.50
•
8-18
8-15
9-
$2
25c
62'/2c
;
.
9-20
Baltimore—
at
1
75c
(s-a)
(quar.)
•
25c
Marshall Field.
See
1
Paper Co., Ltd.—
},K
8-31
,10-10
9-
75c
Doyle Manufacturing Corp. (quar.)
Drewry's,- Ltd., U. S. A., Inc
Dun; & Bradstreet;,Inc. (quar.)
-i
9
9-
Investments—
(resumed):
9-
50c
8-14
50c
37V2c
(accum.)
Ltd.
8-15*
$25c
9- 1
25c
(quar.)
Bridge Co., Ltd.
preferred
9-16
9-21
1
\ •?:«.
8-31*
25c
"
Dominion Envelopes <fe Cartons (West.), Ltd.—
7% preference (auar.)__
Dominion
1
2
9-
Gibraltar Fire & Marine Insurance-—^;.:;—.
9-15
30c
i.
Dominion-Scottish
1010-
8-18
Dominion & Anglo Investment Corp.—
5%
$2.50
10-15
Gear &
class
General
9-15
8-21
$1.25
(s-a)
(quar.)
12-15
$1.50
(quar.)__
common
Gair (Robert)
9-15
75c
'
preferred
(quar.)__
Co., common...
A
$6 pfd.
Freeport Sulphur (quar.)
Trailer, common
12-15
8-31
$1.25
preferred
9-15
12-30
35c
preferred (quar.)—
Foster-Wheeler Corp., 6% prior pfd.
8-31
10- 2
$2
$1.12'/2
25c
Cup
Class
G%
8-18
9-16
9-30
$1.25
B
Pitt
Fort
9-15
r.
$1.25
9-15
9-22
75c
(quar.)
participating
8%
•
Class
8-16
8-15
9-30
30c
preferred
Bros.
v
1
(Syracuse)
—
Motor
8-15
9-
$1.37'/2
$19.50
Raynolds, Class A (quar.)
(quar.)
Dictaphone
1
$1.121/2
9-15
9-16
8-30
9-
$37'/2c
Ltd
(quar.)
Hajoca Corp., common
B
pertic.
Class
$1.30
40c
■
6%
9-20
9-
50c
'
9-30
50c
25c
Cold
Storage Co. .(quar.)—
Cenjral Foundry Co.. 5% preferred (quar.)_
Central Illinois Light 4%% pfd. (quar.)
9-
$$2
pfd. ctfs. of benef. interest (irregular)
&
&
preferred
Dominion
$75c
(quar.)—
Central Coal & Coke Corp.—
i
1
10-14
'Caterpillar Tractor Co.
:
9-
$$1.75
—
10- 2
10- 2
10- 2
50c
$1.75
Diamond Alkali Co. (quar.)
Diamond Match Co., common
9-29
$$1.25
5
'
10-31
Gasket
Class
5%
2
6% preferred (quar.)___
Carman & Co., class A (quar.)_—
1
9-
8-11
1
Connell Dredge &
Co.,
Ford
8-15
9-23
9-15
10-
$1.75
preferred
6%
8-31
,
7%
Stock Yard Co.—
8-31
(irregular)_____,
9-1
9-15
10- 1
9-30
9- 1
9- 1
preferred.!
9-15
10-
t1 Class B
1st
9-15
$62V2c
common
Corp..
Detroit
Products. Ltd.
Oil.
8-5
8-15
75c
8-31
8-15
Canfield
1
9-
$1.75
$1.75
9-15
(quar.)___
8- 5
9-1
35c
$1
...
tlOc
i$l
1
5% preferred (accum.)
Canadian Oil, Ltd., 8 % preferred
9-1
8-15
(quar.)
(quar.)
Denver Tramway
9-
r':1%
preferred
(quar.)
Canadian International Investment
9-
$1.12'/2
5'/2°!c
preferred
(quar.)
Derby Oil & Refining, $4 preferred
9-
$50c
1
9-15
8-15
3c
(s-a)
8-11
1
& Rubber,
Florida Power,
8-14
pfd. (quar.)
York—
8-15
Canadian
12-25
8-25
11-25
Light 4%
1
(quar.)
(quar.)
Canadian Foreign Investment Corp., Ltd
'
7%
10-25
$$1.25
12-31
8-31
(quar.)
preferred
preferred
tl5c
(quar.)
9-25
10c
10c
(quar.)
(quarj
7%
1
$25c
Fairbanks-Morse
Food
&
Power
t$1.75
(quar.)
8-31
9-30
$4.50
Great
(quar.)
Common
t.
8-15
Canadian
Central
preferred
Common
8-15
9-
2
Canadian
4%
7%
9-15
9-
10-
preferred
9-14
1
$1
Delaware
$85c
conv.
2
4c
(Semi-annual)—
(resumed)
Dentist's Supply Co. of New
Bakeries, Ltd.—
participating preferred
Breweries, Ltd.—
Class
Cohn
8-25'
Canadian
-'
&
Flintkote
4
$1.25
J25c
(quar.)_,
8-11
$1.50
Deere & Co., common_
9-15
a.—
9-
9-
1
50c
Corp.,
Quarterly
10-
9-
(quar.)
America
Fitz Simons &
8-15
9- 1
8-31
9-20
9-15
4'/2%
(Alfred)
J37%c
t50c
(interim)
preferred
Canadian
$3.40
Decker
preferred
(quar.)
(M. H.)
8-18
8-
8-1L
50c
quar
1
$$1.75
2'/2%
25c
$1.25
preferred (quar.)
Curtis Publishing Co. prior pfd. (quar.)
Curtiss-Wright, class A (irreg.)
Cushman's Sons, 7%
preferred (quar.)
$8 preferred (accum.)
Dayton Power & Light, 4'/2% pfd. (quar.)—
Press,
A
9-1
$1.75
RR.
9-15
25c
(quar.)
Fishman
9
1
Class B (quar.)
Gossard
$$1.62%
Canada Wire & Cable class A
8-18
20c
$1
(quar.)
9-11
':
1
8-25
I V
9-
Corp
Firestone Tire
9-
9-11
9-
General Shareholders Corp.—
Bxtra
Cuneo
Class
8-18
8-15
9-
9-30
Corp.
Cleaning & Dying—
of
1
4
25c
Grand Union Co.
9-30
J20c
r
8-18
Co.
1
10- 2
1-2-45
10- 2
1-2-45
< 9-1
/ 9-1
(quar.)
Port Clinton
Canadian
(Marshall).
Finance
4
10-
9-19
15c
& Traction,
9-
56'Ac
tl5c
.
/
preferred
Culver &
25c
10-
2
—
;
Enamel
Field
8-17
11-18
.
10-15
10-
(quar.)
Quarterly
9-
Corp.—
preferred
conv.
1
10-15
5%
Farmers & Traders Life Insurance
8-28
Crum & Forster Insurance Shares—
8-25
t$l,25
Canada Foundries & Forging. Class A (quar.)
Malting Co., Ltd. bearer (quar.)
Canada Northern Power Ltd., com. (quar.)__
} 7% preferred (quar.)
!
Canada Vinegars, Ltd. (quar.)
■5%
1
50c
(interim)—
Co.
2
9- 5
$1.75
$1.75
$1.62'/2
$1.62'/2
(quar.).
Crown-Zellerbach
8-15
8
preferred
$2.25
8-15
1
(quar.)
common
Sugar
11-
8-
(interim)—
8-22
1
(quar,)—
Co.
Players
41/2%
1
9-
35c
Canada
Class
(regis.)
(quar.)
common
9-
12-
Metallurgical Corp., $5 pfd.
preferred (quar.)
$5
7-28
5%
50c
&
1
9-30
Crown Cork & Seal Co., Inc.—
1
8-15
Canada Dry Ginger Ale
'
Co.,
(ord.)
8-18
•
9-
Cycle &
2
12-
8-21
9-15
—
9-20
9-
2
9-
Canada
(interim)
Co.
9-15
9-15
10-
9-15
2 5% first preference (quar.)
10-
8-31
preferred (quar.)
1
Crompton & Knowles Loom Works—
6% preferred (quar.)
Crown Capital Corp., Class A (quar.)
1
Insurance
2
25c
25c
Corrugated Paper Box Co. Ltd.—
.7%
preferred (quar.)
8-21
9-
Special
Pa.)
(quar.)
1
10c
Canada
preferred
1
2-28-45
50c
California-Western States Life
10-
9- 1
10- 1
9-15
America
cf
Can
9-
9-
.___
8-10
62'/2c
30c
(quar.)
(irreg.)-
(quar.)
Ltd.
Glass,
Corn,
9-
California Electric Power
Pacific Utilities
1
$50c
pfd.
conv.
(Reading,
Co.
Courtaulds Ltd.
California Cotton Mills
California
$2.50
7%
8-31
15t
15ft
37%c
$1.75
9-
31'Ac
preferred
Coal
$1.25
25c
General
Telephone Co.—
participating preferred (quar.)
participating preferred (quar.)
—
6'/2% preferred (quar.)
l"6'/2% preferred (quar.)
Cook Paint & Varnish Co., common (quar.)_
8-25
$1.25
Burroughs Adding Machine
8-10
$1
7%
8-22
1
7 °'c
common—
1
Continental
9-
9-20
99-
50c
Burlington Mills Corp.,
2 5% preferred (quar.)
Famous
9-
25c
$15c
(increased)
Corp. (special)
Vultee Aircraft Corp.;—
Consolidation
Bunker Hill & Sullivan Mining &
Concentrating
8-15
General
Steel
convertible
$1.25
*
1
Power
Consolidated Press, class A common
12,/2c
40c
(ouar.)
Inc.
1
8-15
110c
25c
$1.25
20c
$1.25
2c
45c
,—
preferred (quar.)
Buckeye Pipe Line
(E.
Consolidated
1
$1.75
$1
$1
50c
2V2c
$5
Budd
8-15
9-30
175c
9-
$1.12'/2
$1
8-1J5
(quar.)
Sugar
Foote
.'
1
—
Fajardo
90c
8-15
8-21
(quar.
$2 pfd. A (irregular)
&
1
9-
(interim)—
Ltd.
Light
(quar.)
4'/2% preferred B (quar.)
4% preferred C (quar.)
9-
40c
40c
16c
50c
50c
25c
50c
15c
50c
50c
8-11
10c
40c
9-14
9-
75c v
30c
Fruehauf
1
8-
1
Foster
9'*
9-
$1.25
common
Laundries
Extra
Co.
&
Ferro
of New York Inc.—
Electric
Gas
(Bait.),
10c
Brunswick-Balke-Collender Co..
v
Consolidated
Morse
Faber Coe & Gregg (quar.)'_
Falstaff Irewing Corp., 6%
$1.50
9-14
2
65c
preferred (quar. >__«
Corporation
9-16
Consolidated
9-14
10-
Ex-Cell-O
preferred
6% preferred (quar.)
Biscuit (quar.)
I:1?
8-21
2
:
8-11
60c
55c
56'Ac
1
2
<
SI
(quar.)_^
common
9-1
$$1.50
$$1.50
25c
9-
V51.25
dividend
7%
(quar.)_
pfd.
8-16*
10-
-
(accum.)—
(quar.)
9-16
(quar.)
Power
Inc.,
Stock
5%
A
10-20
(Toronto)—
9-
:>
Eversharp,
Fairbanks
Connecticut River Power Co.—
8-15
preferred
United
(quar.)
(quar.)
preferred
preferred
75c
A
Mills
Telephone,
Consolidated Edison Co.
75c
62V2c
$1.50
1
25c
40c
40c
50c
$1
-
Connecticut
1
(quar.)—-.-—I. V
(interim) _a
_£■ '
Wire,
Brown-McLaren
8
9-
(quar.)—.—
Packers.
Brown Shoe Co.
,
$2.20
9-22
Bearing
Edison
Fence
7
1
Brager-Eisenberg (quar.)
Braniff Airways, Inc
Brewing Corp. of America
Brown
8-
1
preferred
stock—
$3 convertible
Boyertown Burial Casket
Brooklyn
1
9-
Borg-Warner Corp. (quar.)—_
Fund, Inc. (quar.)
Boston Woven Hose & Rubber (quar.)
Columbia
$2.40
9-
Boston
British
8-21
9-22
Cash or l/32nd share of common
Borden Co. (interim;
Bristol-Myers Co.
8-21
1
9-
50c
pfd.
j
Roller
1
9-15
8-15
2
1
10-
•
preferred A (quar.) ———•
11-1
25c
$1.25
Congoleum-Nairn, Inc. (quar.)
Connecticut Light & Power—
99-
40c
6%
Tobacco,
Blue Ridge Corp.,
Bower
Quarterly
8-
Corp. (irregular)
Blue Diamond
9
40c
9-1
9-
$1.06'A
Quarterly
8-
(s-a)
common
$5
Commonwealth
Confederation Life Assurance
8-31
$1.50
9-1
8-15
5c
8-17
1
11-15
12-
t'Ac
8-31
9-
1
$5
Fenton
Investment
8-31
9-
9-1
8-15
8-25
————
10- 2
1
8-21
9-11
9-
$1.37%
preferred
conv.
9-15
(quar.)
10-2
8-28
(s-a)
Bloch Brothers
Commonwealth
9-
9-14
9-
9-30
Erie Railroad Co.—
Federal Light
—
Carbon Co.
Commoil,'Ltd.
10- 2
8-11
•
$1.50
Federal Insurance Co.
w
—-———
8-15
35c
:
B
Columbian
;
(quar.)
(quar.)
6% preferred (s-a)
"5%
■Class
8-15
9-
Equity Corp., $3
8-29
25c
8-10
Aikman, common
Columbia Brewing Co
81.75
50c
81.50
(quar.)
Birmingham Water Works—
'
6% preferred (quar.)
Black & Decker Mfg.- (quar.)
"Extra
*.
7-28
9-30
10-14
9-14
8-15
$1.25
<
.
(quar.)
9-15
convertible
9- 1
81.50
Birmingham Fire Insurance of Ala.
Bliss
8-17
8-15
;—
preferred (quar.)
Bigelow-Sanford Carpet com.
6%
8-17
5%
9-1
81.25
81.75
7%
!
1
8-31
$6 preferred
9-15
preferred (quar.)
Colorado Fuel & Iron (quar.)
Columbia Broadcasting class A
9-15
8-18
8-25
Corp.
Collins &
1
1
1
9-15
9-18 '
•;
25c
(quar.)
preferred (quar.)
9-30
(s-a)
Colgate-Palmolive-Peet Co., $4.25 pfd. (quar.)
5
1
Empire & Bay State Tele., 4% gtd. (quar.)„
Engineers Public Service, $5 pfd. (quar.)—
9-
75c
$5.60
$25c
8-15
9
8-11
Dry Goods
Federal-Mogul
8-31
9-
75c
'
9-
1
9-
Walker
9-
8-25
60c
(quar.)
31'Ac
1
9-
+81
pfd.
Bethlehem Steel Corp., common
Cockshutt Plow Co.
9-
t$1.75
pfd. (quar.)
(quar.)—
7-31
8-15
9-
Spinning Association—
Fine
conv.
$7
1
1
9-
37 %c
37 %c
30c
Corp
Aviation
Bendix
Coca-Cola
Gas
i
1
10-
$3
25c
Watch
8-10
9-11
Rubber
&
Natural
8-10
8-25
75c
(quar.)
9-30
(quar.)
(quar.)
preferred
1st
Company
Coca-Cola International
9-30
37V2c
pfd. (quar.)—
5%
5
75c
25c
(quar.)
common
Eiy &
Elec.—
Counties Gas &
Coast
9-
37'/2c
J: 30c
20c
Extra
7
$1.25
(accum.)
vtc.
Fansteel
9-15
30c
(quar.)
7%
8-
8-11
9-14
50c
87]/2c
(quar,)
9-
JJc
Co.
Belding-Corticelli. Ltd.,
Common (quar.)
8-15
Hose
Common
Co
Tractor
Molybdenum
1
Associates—
National
Paso
$1.25
25c
—
9-
$1.50 >
*
9-29
$1
$1.50
(quar.)—
8-11
$1.75
Water—
'
El
t
1
—
9-
+25c
convertible preferred (quar.)
$1.50
Climax
9-11
JOc
Bayuk Cigars Inc. (quar.)—
Beaunit Mills, Inc., common..
Cleveland
8-15
2
25c
class A (quar.)
Bathurst Power & Paper Co.,
8-15
1
10-
?12%c
—
1
9-11
6%c
—
(quar.)
(quar.)
Barnsdall Oil Co.
•
9-
1
Elgin
$1.62V2
Special guaranteed (quar.)
Regular stock (quar.)
9-
2
Electric
8-15
$15c
preferred (quar.)
Clearing Machine Corp. (quar.)
Cleveland & Pittsburgh RR. Co.—
8-21
9-
8-19
1
SI1/*
Ltd. (quar.)
1
preferred
$5
5%
1
8-20
6%
-•
4
HVf
City of New Castle Water, 6% pfd.
Water Co. of Chattanooga—
4
10-
8
City
8-15
8-
9-
9-
Interurban
Manufacturing Co.
9-
+5c
Quarterly
2
$1.50
<
(quar.)
preferred
9-
50c
75c,
preferred (quar.)
preferred (quar.)
9-
81.50
(quar.)
;
8-14
9-1
10-
9-15
2
Elastic Stop Nut Corp,
Pacific Ry.—
6Vz% preferred
—
City National Bank & Trust Co. (Chicago)—
8-31
8-31
.
Extra
8-21
1
12-20
$5
Eaton
$5.50
—
—
Circle Bar Knitting Co.,
8-21
9-11
*81.50
Mfg., common—
(quar.)_
Seelig
&
Ear low
Co.
■
Corp.
City Ice & Fuel,
8-14
9-
J"In
pfd. (quar.):
Investing
Co
of Canada
(W.. H./
Barber
7-28
9-15
3c
National
Bankers
Barber-Ellis
5%
9-11
of Toronto
Bank
^
,
Montreal (quar.)
(quar.)
Bank of
5%
8-111
8-21
41 Ac
$1.05
5c
ihc
(quar.)
Bangor Hydro Electric, 7%
6% preferred (quar.)—
8-11
8-11
4"c
+hc
—
——.
Cincinnati New Orleans & Texas
9-15
12-30
$15
Copper
Chrysler
8-11
9-
9-20
62t2c
—
8-31
9-
J^c
(quar.)
1
•V 9-
8-10 A
9-30
25c
(quar.)
9-30
,
Show com.
(quar.)
Chile
preferred
25c
8-25
9-11
10-
&
Eastern Sugar
-
9- 1
£?c
25c
'jj®
(quar.)
Automotive Gear Works—
$1.65 convertible preferred (quar.)_
Baldwin Locomotive Works, 7% pfd. (s-a)_
Baltimore Radio
Chlckasha Cotton Oil
9-
$1.12%
Ltd.
Mines.
Gold
Aunor
8-15
9-
(quar.)
Tack Corp.
Atlas
1
9-
84.50
Co.-——
Powder
Chicago Yellow
7%
9-1
75c
(quar.)
Cab Co.
9-15
9-
common
(quar.)— a—
preferred
>
9-25
25c
-
1943.
and
1
Louis
of Rec.
Payable
15c
common
Holdert
When
:
thare
1
(quar.)
preferred
9-
preferred
75c
<
Corp. S3 pfd. (quar.)
Great Western Ry.—
5%
preferred (accumulated)
Chicago & Northwestern Ry., pfd. (special)Representing dividends due for 1941, 1942
1'
Co
Refining
Special
Atlas Corporation
6%
9-
of
Breweries
*
9-15
(s-a)
Chicago
7
««
'rxtr.
•..
Associated
Atlantic
8-
6%
9-15
Chicago
9-11
1
^
-
(quar.)
preferred
Associated
2
*i
(quar.)
common
8-21
9-
(interimt
(quar.)_
Works
Metal
Art
8-21
1
10-
Si.go
preferred (quar.)
conv.
8-21
1
9-
.
Armstrong Cork Co., common
1 >■<
9-
b /4C
(accum.)—
prior preferred
conv.
9-
joc
8-15
8-25
„
$1.50 pfd. (s-a)
Chesapeake & Ohio Ry. (quar.)
Chestnut Hill RR. (quar.)
8-21
1
1
37'/2c
75c
r
preferred
$1.50
9-
37V2c
Co
Chain Store Products,
8-21
9-
.
—
1
Belt
Chain
East St,
10c
(resumed)
Common
5
8-21
9-
hoc
™c
_______-a_-_a
Farms
.9-
9- 8
•*
preferred (quar.)
Participating
8-10
1
9-22
.
Copper
8-19
6%
Company
(quar.)
8-19
9-15
$3
$1.50
$1-75
V
Picher Lead,
9-15
$3
.
Name of
Eagle
W
.
6
9-22
9-30
(quar.)
Class A
10-
10-14
Anglo-Canadian Telephone Co.—
Andes
Service—
O'tc preferred (accum.)
$6 preferred faccum.)
Central Ohio Light & Power, $6 pfd. (quar.)...
Century Ribbon Mills, 7% preferred
Per\
Holder«
Payable of Rec.
thare
Central Illinois Public
9- 5
9-25
When
Per
-
-
Name of Company
8-21*
9- 8
$4
" 50c
15c
$1.25
pfd. (accum.)
Woolen 7%
•
of Reo
Pavaoit
thare
••
;
Boldert
'
(»aw olComvane
v
Monday, August 21, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
.766
Co.
(quar.)
Mfg. Co., Class A (quar.)
—.——.
1.
8-23
r
;■»
8-18
Number 4309
Volume 160
v."
.
V'
:
,,
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
wnen
thare
Payable
„■
Name oj company
A
(monthly).
Hibbard, Spencer Bartlett & Co.
15c
^
1
tioiaert
Monthly
Horn
(A.
6%
'■
■
C.)
$1.05
8-31
8-
4-
9-30
9-
1
Hudson
1
8-10
8-12
$1.50
9-
1
1
8-
9-
1
8-11
9-
1
8-11
8-21
8-10
683/4c
preferred
v
9-30
7%
7.
9-14
9-30
12-30
$1
40c
9-
1
8-
1
2
8- 4*
..
6%
shares
Ordinary
>:
•
Imperial Tobacco of Great Britain & Ireland—
Ordinary (interim)
Imperial Varnish & Colour, common (quar.)
$1.50 conv. partic. preferred (quar.)
Indiana
6%
Steel
Products,
preferred
conv.
(quar.)
preferred
Ingersoll-Rand Co.,
Inspiration
Harvester,
7%
International
Nickle
of
Co.
^Quarterly
Jewel
-
&
preferred
B
1
8-21
Metropolitan
preferred
9-
1
8-21
$7
9-11
8-19
$6
prior
$7
prior
preferred
1
1
8"
7
9-25
9- 8
6¥0
9-
9
8-22
6¥0
9-
1
8-
9-30
5
Midwest
$75c
30c
30c
$1.25
35c
10-16
9-15
Miller &
1
8-10
Minneapolis-Honeywell
12-
1
11-10
4y4 ¥0
preferred C B
9-
1
8-25
4 !/4
preferred C
9-10
8-31
4%
9-20
9-
11-
1
10-
6
9-
10-
1
9- 5
10-
1
9-
10-
1
$2.95
5%
5
9-15
Monroe
87Vic
8-19
8-
1
Kerr-Addison Gold Mines™
$5c
8-29
8-
1
$4
Keystone Steel & Wire
30c
9-15
8-31
8
8-28
7%
8-25
8-10
Kentucky Utilities, 7% junior pfd.
(quar.)—
————
King Seeley Corp.™™™————
Kinney (G. R.), $5 prior preferred (accum.)
Kinney Manufacturing Co., com. (irregular)
$6 non-cum. preferred (quar.)
$6 non-cum. preferred (quar.)
Klein (D. Emil) (quar.)
Knickerbocker Fund (quar.)——- —
9-
9-
20c
$1.50
$2.50
5
1
Morrison
9-15
9-
1
Mount Diablo Oil
$1.50
25c
8c
>12-
1
9-15
:
9-
Mfg.,
8-20
7-31
Muncie
Water
common
8-20
9-
(quar.)
(quar.)
Kress (S. H.) & Co.. commpn
(quar.)
9-
1
8-25
1
9-
1
10-
1
9-
1
(quar.)
(quar.)
8-31
7-21
9-
1
8-15
Ohio Power,
10-
2
9-15
Oklahoma
10-
2
9-15
Okonite Co., 6%
10-
2
9-15
Oliver
10-
2
9-15
Ontario
8-19
1
8-19
0-1
8-15
9-1
8-15
9- 1
8-18-
9- 9
8-24
Parker Pen
10-
1
$2.25
12-1
$2.25
12-1
11-10
12- 1
11-10
J$1
9-15
8-15
9-15
8-15
-$1.50
9-11
8-30
(quar.)-
$1.75
(quar.)
6?"
Leath & Company, common
$2.50
-
preferred
Lee (H. D.)
Co..
Lehigh Portland
—
(quar.)
Inc
pfd
9- 1
8-15
1
8-15
50c
$1.50
6%
preferred (quar.)
$1.50
9-28
9-21
8-11
6¥0
preferred (quar.)
$1.50 "v; 12-28
12-21
8-24
2
9-15
1
10-13
National
1
8-
3
6%
convertible
preferred
9-
1
8- 3
6%
convertible
preferred
50c
Fibres,
9-15
8-15
2
8-31
10-
11-
11-15
National
Container
9- 5
9-15
8-30
Stock dividend
8-25
National
Dairy
8-31
8-21
National
Electric
7%
6%
2
9-15
10-
2
9-15
9-
5
8-20
10-
2
'
common
(quar.)
preferred A (quar.)
RR., special stock
(quar.)
Liquid Carbonic Corp.,
.
uay2%
Little
.
■v
Miami
Special stock (quar.)
$3.30 original stock
$3.30 original stock
Loblaw Groceterias Co. Ltd., cl. A (quar.)—
Class
Lock
B
National
Joint
8-19
$5
8-
9
1
8-
9
9-
1
8-11
9-
9-
1
9-
5%
preferred (quar.)—
Lord & Taylor, common
1
1
_
5y2%
8-11
50c
$1.62%
20c
25c
$1.12%
50c
50c
$1.10
$1.10
$25c
8-
10-
1
9-15
8-31
8-10
.
1
9
8-25
9
Power,
preferred
9-
9
9
New
Common
New
9-
1
8-
9-
1
8-
8-31
1
9-30
8-
.
9-20
8-21
Dist.
&
Automobile
8-21
Aviation
preferred
9-
8-21
12-
11-20
12-
11-20
9-16
10-
Industry
Chemical
Industry
Series
Stock
Series.
9-
Oil
9-15
9- 2
Macessa
Mines
(reduced).
Mackintosh-Hemphill
1
*4c
25c
1*
2
9-20
1-2-45
12-20
10-
Industry Series
Utility Industry
Public
v
1;'
preferred
Railroad
9-30
9-18
Potash
9-18
Potomac Electric Power, 5%%
8-28
8-
7
8-28
8-
7
9-
1
9-
8-31
Steel
9-15
8-15
Tobacco
8-25
8-15
Industry Series
Industry Series
Jersey Zinc Co
6%
1
9-
1
8-
9-
1
8-16
10-
2
9-16
4
of
1st
Powdrcll
Pratt
9- 1
9- 1
9- 1
8-25
9-28
'.;V11%%
r ,,9-28
' 9- 1
9- 1
$1.37%
$1.50
—___________
9- 1
9- 1
—
$3
" '
-
;■.
-
175c
(quar.)—
preferred
$$1.50
(quar.)
8-
5
8c
12c
8-25
8-25
8-
5
Class
6c
8-25
8-
5
5%
Prosperity
A
Co., Class A
(irregular)
8-25
8-
5
8-25
8-
5
Public
3c
10c
8-25
8-
5
8-24
8-
5
5c
8-25
8-
5
6c
9c
8-25
8-
5
8-25
8-
5
7c
8-25
8-
5
10c
8-25
8-
5
12c
:
;.
..
Service
Co.
of
K
5%
preferred A
8c
8-25
8-5
8-
5
pfd.
8-25
8-
5
4c
8-25
8-
5
8c
8-25
8-
5
"
7c
8-25
8-
5
8c
8-25
8-
5
8-25
8- 5
Pullman.
9- 9
8-18
Purity Bakeries Corp
50c
.preferred
Inc.
com.
8-18
8-25
8-
8J
10-
5
10-
5'
10-5'
8-15'
8-15
58y3c
25c
$1.25
9- 1
9- 1
8-15
/ 25c
$2
9-30
(quar.).
——
$1.75
50c
50c
$1.25
:
—
.
(quar.)
-
(quar.)—___—
:_™
l'
8-22
9- 1
9- 1
'9-1
41 %c
50c
________
Public Service Electric & Gas, $5 pfd.
7%
9-20
r
/•
...———
of N. J., common (quar.)
10c
10-15
9- 1
$1.25
(accum.$1.50\
(quar.)—
preferred (quar.)
preferred (quar.)
6% preferred (monthly)
6% preferred (monthly)
$5 preferred (quar.).
1
8-15-
——
Colorado—
7%
•'
9-15
9- 8
10-15
10-15
5c
25c
25c
8%
8-25
8-15'
9-20'
9-15
—
of Indiana
Public Service Corp.
8-15'
9- 1
9- 1
(irregular).
preferred (monthly)
6% preferred
(monthly)—
7% preferred (monthly);
Co.
8-15
$1.25
preferred (quar.)
5%
Public Service
8-18«
8-181*
8-15,
25c
preferred
(quar.)
Public Electric Light 6%
8-21'
8-15'
70c
75c
America
Co., 5%
8-iff
8-18;
8-18
(quar.)
of
1,
9-15
9-
Inc., common (quar.)
Metals
8-21
9-15
9- 1
$2
preferred
8-11,
8-
;
10-16
10-16
"15c
Alexander
Co
Prentice-Hall,
Pressed
37%c
,
(quar.)_
pfd.
4
8-15"
.
$1.25
$1.37%
(quar.)______™™__.
partic.
10- 1
$1.75
10c
25c
(quar.)...
preferred
&
Food
9- 1
9- 1
9- 1
8-21
:
75c
America
non-cum.
6%
8-14
8-31
Co., class A
Co,
preferred
6%
8-14
9-15
____4
Power Corp. of Canada—
7c
Series
15c
10c
9-30
8-
>
.
25c
;
9-30
dividend
Stock
Poor &
8c
Series
9-30'
,■
Pleasant Valley Wine
Plymouth Oil (quar.)__
9-18
8
8-15(
60c
(quar.)
9-2.
9-
9-1
Ltd.—
Proprietary Mines, Ltd. (interim)
—
Railroad Equip; Industry Series
New
9-
7%
9-..2-
10-21
10-21
9-1
,
.9-12
$1.25
60c
—™—
Series
9-15
»■'
9
9-20,
50c
50c
50c
._.—__—-
Procter & Gamble
Machinery Industry Series
9-15
(quar.)
9-25
9-
8-17)
50c
,9-30
Industry Series
Food Industry Series
-Insurance
50c
(quar.)..
6c
$3
(irregular).——
8-17
8-24."
10- 2
9-30
9-30
10- 1
30c
Irregular
9-1
8-10.
$1
8-18
Series
10c
RR.
Petroleum Co.
8-31:
8-25/
,
9- 1
$1.50
(s-a)
Photo Engravers & Electrotypers,
8-3L
;
9-
Series.
Mfg. & Sales _______———^P
Lunkenheimer Co., 6%% pfd. (quar.).
$1.62%
6M preferred (quar.)
$1.62%
Lyons-Magnus, Inc., Class A (accum.)—50c
Nashville
Phillips
preferred
9-15/
9-21'
'
(quar.)
$3.50
27y2c
Series
Merchandising Series
Ludlow
for partic.
1
9-15
8-10.
25c
,
$5 convertible preferred (quar.);—
Pittsburgh Steel, 5%% prior pfd. (accum.)
Pittsburgh Youngstown & Ashtabula Ry.—
Electrical Equip.
;
Philadelphia Electric Power, 8% pfd.
8-
8-llf
9- 8
25c
$1.50
(quar.)
;i'
$1 preference common
?■- V.t.c.
,
40c
Pittsburgh Coke & Iron—
25c
50c
Supply Industry Series
Business Equip. Industry Series
8-21
Phelps-Dodge Corp.
Philadelphia Co., 5% preferred (s-a)
Philadelphia Dairy Products Co.—
'
$6 prior preferred (quar.)
Philadelphia Electric Co., common (quar.)_
8-15
$1.75
$1.50
Building
9-
9- 8
8-18
Industry Series
Industry
Stock
Bank
1
8-24
Extra' —20c
9-15
York
Alcohol
1
8-21
9-8
(quar.)—__r_
(quar.)_._J^____
Co.
9-
Stocks, Inc.—
' ' '■/■■/
Now on a quarterly paying basis.
Agricultural Industry
Series
11-25
9- 1
preferred
&
9-
9-15
8-3L
35c
Co,v 6%
(Charles)
10-
8-31
2-5-45"
$1.50
Pfaudler
Pfizer
8-18
10-20
9-15
8-21
2c
$1.10,
$1.75
$1
1.25
(quar.)___.
$1
(quar.)
11- 4
Corp
$1.50
(s-a)_
J. 12-15
(quar.
Mulliken
$1.37 ¥2
(Pgh.)
8-31,
1-1-45
9- 9
Mines
Inc.
Paul.
9-
(accum.)
7% preferred
(quar.)
(J. J.) Co., 5%
(quar.)
Newberry
8-25
12-
preferred
Metals
&
11- 1
Brothers, Inc. (quar.)—
Amsterdam Casualty
(s-a)
11-25
9-
$2
8-17
Louisville
$1.50
Neisner
10-14
9-
12-
6%
'
8-15
11-
Supply,
9-11
10- 1
Pillsbury Flour Mills Co
Piper Aircraft, 60c preferred (quar.)_._____
Pitney-Bowes Postage Meter Co. (quar.)™
Pittsburgh Bessemer & Lake Erie—
Common (s-a)
l¥
8-18
$1.50
50c
..
25c
Gold
Peter
50c
75c
prior preferred (quar.)
preferred (quar.)
7-27
Louisiana Land & Exploration
9-
9-
8-31,
1
50c
Perron
8-18
9-15
25c
prior
Nebraska
5
-
(quar.)
1
(quar.)
(quar.)
9-
1st preferred
8-21
10-20
9-15
Co.
Corp.
8-30
6%
9-11
8-21
$1
t2c
8-
9-30
Extra
8- 5
1
Steel
National Union Fire Insurance
10-26
1
(accum.)-
8-31k
9-
25c
$1
25c
preferred
8-2i:
9-15
'J 9-15
;
$2.50
(s-a)
8-21,
9- 1
8-15,
9-30
9- 1
9- 1
10- 2
10- 2
10-14
9- 1
9-30
25c
Tenn.)
9- 1
,,
35c
133/4c
>
25c
$1.37%
t$l
"$$1.75
(quar.)—
class A (quar.)
9-8
12y2c
-.
8
Philadelphia Transportation Co.—
$1 participating preferred (s-a)_.
10-30
$1.12 ¥2
(quar.)—
9-
8-25
9- 1
V 50c
8-15
$1.75
pfd.
9-30
__.
8-15
2c
(quar.)
1;
50c
11-15
35c 2-15-45
.;
$1
8-11
9-
8-21
$2
$1.50
(quar.)
$4.50
8-25
9-
37V2c V
9-12
30c
(quar.)-
8-25.
8-21
"50c
9-12
3
8-Z5,
9- 5
9- 1
>
8- 4
9-15
Philadelphia Suburban Transportation—
Quarterly
__4
for
(increased)
common
National Standard
National
25c
$1.25
25c
Participating-
common
Linen Service, common (quar.)
National
$1-25
■
10-13
National Rubber Machinerv
6%
$1
$1
20c
Longhorn Portland Cement—
5% preferred (quar.)
Participating—
Co.,
Co.,
preferred
1
8-
1
30c
10c
Corp
1
20c
preferred (s-a)
National Pumps, 5y2%
8-25
9-11
11-
,-Monthly
Lone Star Gas
11-
25c
of
$7
1
9-
25c
50c
75c
75c
(monthly)
Pipe Co.,
35c
Extra
8-20
.9-
+25c
(ouar.)
9-30
'
$1.12%
$1.75
—
10-15
8-4,
8-4/
/
8-31
Co.™.
$5 preferred
(quar.)
Peoples Gas Light & Coke
v
9-15
50c
class A
$1.46
8-23
40c
Penn Gold Mines Ltd. (quar.)...
Pennsylvania Elec. Co., 4.40% pfd. B (quar.)
Pennsylvania State Water, $7 pfd. (quar.)__
Pennsylvania Water & Power, com. (quar.)_
8-15
9-
Life & Accident Insurance
(Nashville,
Lincoln National Life Insurance (Ft. Wayne)—
Quarterly
Lindsay Light & Chemical
Link-Belt Co., common (quar.)
6%% preferred (quar.)
Lionel Corp.
(quar.)
9- 8
(quar.)
preferred class A (quar.)
preferred class B (quar.)
National
9-14
9-15
8-18
25c
Welding Machine
Gypsum
Lead
8-10
12-20
9-25
(quar.)—
Nation il
8-21
12-30
1
8-31
100%
Products
11-10
10-14
25c
(quar.)
share
12- 1
30c
(Cleveland)
(One
a>^gu:fc
8-10
$1.75
(quar.)_
Cylinder Gas
9-14
10-
15c
each share held)—
National
15c
U
-
common
City Bank
8-14
50c
25c
B
National
12- 5
50c
Co.
(quar.)
LeTourneau, Inc., common (quar.)
"Class
4
1
(quar.)
(quar.)
(quar.)
Register (quar.)
Cash
9-15
9-
preferred
National
12-15
Leslie
$4.50 preferred (quar.)
Lexington Water, 7% preferred (quar.)
Libby-Owens-Ford Glass Co
Life Savers Corp. (quar.)
Liggett & Myers Tobacco, common (quar.)—
7%
*
Inc.—
Bearings Metals, common
National Biscuit Co.,
Leland Electric Co
Salt
National
8-15
9-1
•
20c
50c "
\
1
8-23
8-25
9- 1
$1.50
.
™_____™—
Proof
Common (quar.)
Pettibone
Co
Automotive
9-
America—
National
Acme
(quar.)
(quar.)
Rust
fjl.40
8-10
preferred
■
Peoples Telephone, 4%% preferred
8-24
$1
(quar.)—
9-1
Mutual
25c
.
Cement, 4#
9-15
•
8-15
9-
$3
10c
62'/2c
participating preferred
8-12
8-24
National
(irregular)—_
(Richmond, Va.)—
(s-a)
Lawyers Title Insurance
1
9-
$1.75
.
.
9-25
8-15
8-15
11-
25c
25c
$1
50c
10c
& Dye Works (irreg.)
2
9- 3
10-
<
50c
Parkersburg Rig & Reel, common
5%% preferred (quar.)
-___
Paton Manufacturing, Ltd., common (quar.)
7% preferred (quar.)
Patterson-Sargent Co.
^
Peabody Coal Co., 6% preferred (accum.)__
Peninsular Telephone, common (quar.)__—
11-10
8-21
10-
'
Monotype Machine
LaSalle Wines & Champagne
■
8-10
9-14
■
Lanett Bleachery
8-21
8-26
_
Lanston
.
Parker
-
1
9-
il5c
t$1.25
...
9-15
1
9-
8-19
9-
'
Inc. (quar.)
Lane-Wells Co. (quar.)
9-
9-
10-16r
10-16/
9-20
120c ;
...
3
8-15,;
9-20
$1.50
9-1
7-26
8-3L
10-15
10- 2
10- 2
25c
'
(quar.
9-1
9-1
40c
(irreg.)_____
common
8-26
8-
11-15
11-15
Car &
$1
9-1
of
preferred
9-15
9-18
J25c
1$1.75
(quar.)
common
(quar.).
8-25
4 9" 1
Co.
$1.50
Products,
9- 9
$1
6%
Equipment
Steel
8-11
75c
Co.,
preferred
.9-2
50c
$2 class A (quar.)
9-15
9- 1
pfd. (quar.)
(quar.)..™—_
8-21
$2
Chemical
7%
9-12
9-14
<
Bryant,
6%
Ottawa
(quar.)
Muskogee
Elec.
Otis Elevator Co.,
8-21
9-1
preferred
$1.75
$1.50
...
preferred
&
preferred
8-23
$$1.75
8%
Gas
Farm
7%
9-15
8-31
6% special preferred (quar.)——
15c
Kroger Grocery & Baking, common (quar;)50c
6% 1st preferred (quar.)
$1.50
7% 2nd preferred (ouar.)
; r$1.75
Lake of the Woods Milling, com. (quar.)
$30c
-7% preferred (quar.)
—-—
$$1.75
Lake Shore Mines. Ltd. (quar.)
$20c
Lake Superior District Power—
5 % preferred (quar.)
______—£*——$1.25
Lamaque Gold Mines Ltd. (interim)
$7c
Landis Machine, common (quar.)—
25c
7%
preferred (quar.)
$1.75
■7%
preferred (quar.)
$1.75
Lane
9-1-;:
-.i.—
Works.
10- 2
9- 1
9- 1
Aircraft, Ltd., common
Ottawa Light Heat & Power, com, (quar.)__
5% preferred (quar.)__
Outboard Marine & Mfg
Oxford Paper, $5 preferred (accum.)™—'.
Paahau Sugar Plantation (irreg.)
Package Machinery
Pacelot Manufacturing (quar.)
Pacific Mills (quar.)™.
!
Paramount Pictures
(increased quarterly)—
34%c
(quar.)
t25c
1$1.75
$1.12%
——
9-
12V2c
preferred
12-15
,
7!/2c
...
4¥2%
r
8-14
9-30
12-30
t$1.50
...
(quar.).
50c
common
9-1
7V2c
(quar.).
Corp.
$1.50
(quar.)—
U;
preferred
pieferred
Quarterly
Ogilvie Flour Mills, common
7% preferred
(quar.).
$2
7%
6%
8-15
Power—
1
9-12
1
&
10-
Line, $4 preferred A (irregular)-^.—
Murphy (G. C.) Co. (quar.)
Muskegon Motor Specialties—
7-31
9-10
Light
Nu-Enamel
Mining & Development Co.—
$7
Scotia
1
Munson
4c
25c
$1.75
50c
25c
Extra
Nova
...
1
lc
Mullins
8-15
...
Co
1
75c
Ltd.,
Cafeterias,
9-20
9-11
(quar.)__
Pharmacal
9-
Quarterly
2
10-
9-15
15c
preferred
$1.25
(J. P.) & Co
12-15
8-19
9-1
9-29
25c
(quar.)
$1.50
8-19
9-1
9-
(s-a)
preferred
9- 1
20c
87V2c
9-
$1
7
$1.75
1
v
8-
$1.50
...
common..—;
25c
25c
(quar.)
8-18
9-
Rubber,
1
common-
1
50c
1
Tool
Cottons,
'
$1
10c
preferred A (s-a)
preferred B (s-a)
Montreal
(s-a)
8-15
Service—
10-
.
9- 1
Y9- 1
50c v 9-11
8-15
$1
Inc.™...™.
10-
;
8-24
.
.
10-
:
3
(quar.).-'™
7%
9-1
9-
(quar.)..
&
Tire
Norwich
10- 2
»
3
8
preferred
8-16
9-15
9-10
*9- 9
/''
-■;
$1.06
Regulator,
(quar.)
(quar.)
Service, 6% preferred
preferred C
$1
25c
9-
preferred
Norwalk
1
9-20
1
75o
•-
1
9-
7%
8-19
50c
Society, 5¥2% pfd. (quar.)
Chemical, common (quar.)
Monsanto
Liberties Gas
Airlines,
9-
6%
8-15
1
8-26
common
Machine
Morgan
(quar.)
9-
1
9-
...
10- 2 ;
10- 2
.10-2
71 %c
(s-a)._.
9-30
I quar.)
Loan
$4.50
(quar.)
9-
■"
■:.
—
(quar.)^
preferred
9-
(quar.)__;
Utilities,
V'V:.'
Electric
$1
preferred
$2
9-11
Sugar Co., 6% pfd. (accum.)
Hart. $1 prior pfd. (irregular)
Monarch
$4.50
Co.
Northwest
3c
$4 pfd.
Carpet Mills, Inc
Molybdenum Corp. of Amer
8-10
(S. S.)
9-14
Mohawk
1
Kresge
Northern
Abrasive
Rubber Reclaiming.
Gas
12- 5
7<*5>
preferred
Koehring Co.
9-30
25c
9-20
dividend)
&
Co.—
$1.75
preferred
Mobile
9-15
Stores,
9-15
Water
$4
$1.50
(quar.)
Mid-West
Missouri
Gas
$1.50
(quar.)
8-17
12-15
Kobacker
1940
7-31
preferred D
Pacific
$1.50
4
8-15
15c
$1.50
$6 preferred A
5
1
9-20
10- 2
stock for each 100 shares held.
25c
1
5
Northeastern
5
9-
10- 2
$1.50
North Pennsylvania RR,-(quar.
North River Insurance "(quar.)__™___.__.
9-
8-22
9-11
_.
7
.8-15.
$1.50
$25
8-31
10-18
9-1
;v:9-vi,
9-
(quar.)'
(quar.)
30c
1
9-
9-15
9- 9
common...
Subject to the approval of the SEC
53/4% preferred (quar.)
:
6% preferred
(quar.)
8
9-
9-15
10- 2
f$l
$2.50
(quar.)
of
'
i25c
4
8-31
9-10
$1.50
$1.75
(quar.)
$1.25
$1.25
:
8-
t50c
quar.)
Railway Co. (quar.)..
$1.50
!
9-1
15c
Kalamazoo Vegetable Parchment Co.
8-11
1
(quar.).
$1.75
00c
z.
1
9-
(interim
$1.25
25c
$1.0614
>_
9-
(quar.)..
$1.50
;
l
7%
6
'y
$].75
(quar.)
preferred series
%
share
common
,
35c
Edison, $5 preferred (quar.)—
$6 junior preferred
8-31
9-
8iy4c
(quar.)
preferred
Michigan
(quar.)—
(s-a)
$1.25
$1.27%
8-15
Gas—
American Car Corp.,
One
1
11-1
$9.121/a
75c
25c
9-
8-25
...
11-30
9-
A
$6 1st preferred A
50c
37%c
-
9-14
(quar.)_
&
Mines, Ltd.
30c
(quar.)
preferred, (quar.)
Oil Corp., $2 conv.
pfd. (accum.)—
Miavale
Company
9-
8-15
10-16
....
$6 1st preferred B (quar.).
North American Co., com.
(stock
25c
preferred
Michigan Central RR. (quar.)_^
Michigan Public Service, common
8-15
.
$1.50
$1.37Va
(quar.)
preferred (quar.)
9-
preferred
North
•
1
8-31
.
$1.50
preferred
7¥0
$1.75
Kalamazoo Allegan & Grand Rapids RR. (s-a)
Kendall Co.,
43%c
$55%c
;
(quar.).....:
Northwestern Public
9-
9-
9-30
10-30
9-
Co
Elec.
Norfolk St Western
8-30
$7
,___
Meteor Motor Car
9-12
6%
$1.50
8-21
$1
.
1
Electric Light & Power
Niagara Wire Weaving, Ltd.
Noranda
Midland
(quar.)
^Quarterly
8-23
9
(ac¬
Linotype
8-21
$40c
(quar.)
5%
pfd.
Chapman & Scott—
1
(quar.)—
Co.; common (quar.)
preferred (quar.)
Laughlin Steel, common
A
8-16
9-
■
9-
11- 1
9- 1
Niagara Lower Arch Bridge (quar.)...
Niagara Share Corp. (Md.)—
50c
1
Canada
5% pfd.
7% pfd.
preferred
7<1o
6¥2% preferred A (accum.)
Metal Textile Corp.. $3.25
partic. pfd. (quar.)
Metal & Thermit
Corp., common..
1
25c
$1.50
_
5%
9-15
$62%c
35c
Transportation
$6
(qusr.)
Knitting Mills,
(s-a)__
of Ren.
1
$1.25
50c
:_.„___™_
preferred
State
preferred
25c
30c
Tea
4V2%
Jones
Merritt
(quar.)
Jefferson Lake Sulphur,
8-15
v
9-
Investment Foundation, Ltd.—
6% convertible preferred (quar.)
Jantzen
1
Brake
non-cum.
York
Holdert
9-
50c
(quar.)
Air
When
Payable
,.
thare
$1.16%
common
5.10%
of California—
9-
Stock & Bond Group shares (s-a)
International Silver Co. (quar.)
Iron Fireman Mfg.
9-
common
Miners
Mergenthaler
Ltd.—
Corporation
New
8-15
15c
12 %c
i
Intertype
$5
9-15
9-10
4334c
8-21
(quar.)
pfd.
9-15
9-30
■
$1.12Va
preferred (quar.)
8-
Copper
International
Institutional Securities,
9-30
common
Stores,
8-15
,
International Business Machines
$1.50
(quar.)
B (quar.)_.
&
8-15
2
pieierred
Co.,
'
1
common
Consolidated
(quar.)
$7
$37 %c
Steel
Inland
A
Mercantile
9-30
10-
$5
9-18
75c
8
(cfuar.)
A
Corporation,
preferred
9-30
_—
York
York & Queens
8-
1
1
9-
____
;
^
$1.75
New
New
1
10-
Stores
9-
"
5%
Zinc,
7% %
Indianapolis Public Welfare Loan Assn.—
Quarterly
Indianapolis Water, class A (quar.)
•
....
9
9-
$1.75
;_
$12%c
r
Common
9-18
25c
preference
$1
20c
$1.25
$1.50
common
3
8-23
9-30
$0.265625
(accum.)
$10c
(s-a)
11-
25c
(accum.)
3%
(interim)
preference
8-16
9
9-
$7
Merchants
8-21
25c
•
Per
,
Orleans Public
Service, $7 pfd. (final)
Newport News Shipbuilding & Dry Dock—
$1.50
preferred
Mercantile Acceptance Corp.
5%
preferred
(quar.)
6%
preferred (quar.)
Imperial Tobacco Co. of Canada—
.
Hegeler
$5.50
7-25
9-
11-15
-€0c
«
New
8-12
(quar.)
preferred
Co.__™
&
preferred
$6
8-15
8-21
$1
redeemable
conv.
Department
Mead
12-20
(accum.)
6%
McClatchy Newspaper, 7%
7%
preferred
(quar.)
9-20
$1.75
$1.50
Mclntyre Porcupine Mines Ltd. (quar.)
McLellan Stores, 6% preferred (quar.)
9-5
25c
.$1.75
Co.,
preferred
May
9-21
■
&
Electric
7%
6c
8-31
cumulated)
,
$1.75
Field
Matthiessen
8-17
9-
$1.50
(quar.)_.
$1.25
8-17
9-11
;
25c
-
Name of Company
of k$e.
8-31
Garden
2nd preferred (quar.)
Master
1
15c
pfd.
of Del.—
(quar.)
Illinois Power, 5%
Illinois Zinc Co
9-
9-
Holuert
Payable
Massey-Harris Co., Ltd.—
10-16
10c
Huntington Water, 6% preferred (quar.)
c 7%
preferred
(quar.)
Hurd Lock & Mfg. (initial)
Hussman-Ligonier, 5%% preferred (quar.)Huttig Sash & Door, common
x1% preferred (quar.)
)
7% preferred (quar.)
Huyler's, S2 conv. partic. 1st pfd. (accum.)
Co.
8-12
$2.50
When
^
J25c
__
Masonite Corp., common (quar.)
4¥2%
preferred (quar.)
8-20
21%c
Hummel-Ross Fibre Corp., 6%
Power
1
9
37 %c
Hunts Brothers Packing Co.
6%
preferred (quar.)
Idaho
9-
—_
Humble Oil & Refining
6%
8-15
9-
Paper™
Manhattan Shirt Co. (quar.)
Manischewitz (B.) Co., 7% preferred
8-15
1
90c
preferred (s-a)
5%
Car
Motor
1
9-
$1.25
(initial)
Corp.
Howe Scale Co.,
9-
&
Square
Marshall
45c
83/4c
(N. Y.), 5% pfd. (quar.)
Lighting & Power (quar.)
Howard Stores
Power
'
■
40c
Horn & Hardart Co.
Houston
9-15
$1.06%
partic. pfd. (quar.)
preferred (quar.)
non-cum.
rVT
Share
,
Magnin (I.) Co., 6% preferred (quar.)
Mallory (P. R.) & Co., common
414 % preferred
8-10
2
Co.—
non-cum.
7%
10-
Madison
10-17
8-21
30c
t.
Maclaren
9-19-
10-27
15c
Holophane Company, common (irregular)—
$2.10 preferred (s-a)
Hooker Electrochemical,
common
(quar.)
:
$4.25 preferred (quar.)
' y
„
8-15
9-29
v "■ '1
hume of Company
:
of Reo.
8-25
762
;
t
$1.25
$175
50c
3jc
-
9-15
9-15
9-15
10-14
8-15
8-15'
8-15
8-31
8-15
8-15
8-15 "
9-15;
9-15
8-15
9-30
8-30
9-30
'9-15
s- l
8-30
8-25
8-15
-
When
thare
Name of Company
<
Reo
(quar.)
preferred
$4%
Inc.
Motors,
—
of Texas (quar.)—
Republic Investors Fund, 6% pfd. A (quar.)
>6% preferred B (quar.)
Republic Insurance Co.
(irregular)
Common
Rice-Stix
Co.
preferred
"
,
,,
(quar.)—
a
1
8-19
Weston
9-
Union
9-2
common—
5%
8-19
United
preferred
5%
White
9-
1
8-15.
Electric Coal Cos.__
9-
1
8-15
9-20
9-11
1
7-31
8-10
8-25
8-15
9
8-25
99-
>
8-11
1
9-25
9-
1
9-25
9-
1
10- 2
9-11
10-2
9-11
10-
2
9-11
9-
9-15
1
10-14
9-30
9-11
8-10
9- 1
8-
1
Williamsport Water, $6 preferred (quar.)_
9-
1
8-18
9-
1
8-
1
10-
1
9-10
8%
9-10
10- 2
1
8-
m
9-
1
1
9-10
8-31
8-24
6.4%
preferred
A
9-
1
8-12
6.4%
preferred
preferred
A
8-25
7-21
6.4%
8-15
United
8-15
Wall
Insurance
8-31
8-31
Upper Canada Mines, Ltd. (interim)
Upressit Metal Cap, 8% preferred (accum.)
40c
9-15
8-19
Utlca Knitting,
62 %c
25c
8-25
Sonotone
Corp.
Chain
Sontag
—
7%
Stores,
preferred
South
Bend
South
Carolina
Van
Power Co., $6 1st
Southeastern Greyhound Lines
9-
7% first preferred (quar.)____
Vanadium-Alloys Steel
1
gl
8-15
8-31
8-15
10- 2
9-15
Virginia Coal & Iron
Virginian Railway, common (quar.)_
6%
preferred
(quar.)__
6% preferred (quar.)—wz_———————
8-15
9-
1
8-15
37%c
31 Vm
37Vic
6%
9-15
pfd.
(quar.)
8-20
9-
1
6%
preferred (quar.)
Southern Canada Power—•
8-15
9-
1
8-15
1
7%
preferred (quar.)
Southern Wholesale Phosphate & Acid Wks.
8-15
9-15
$1.25
9-
5
$1
9-15
35c
Co.
10-13
1
7-31
•
Southwestern Public Service Co.
com.
(quar.)
Investors, Inc
Spalding (A. G.) & Bros., 1st preferred
Spear & Co., $5.50 1st preferred (quar.)—
$5.50 2nd pfd. (accum.)_
Spencer Kellogg & Sons—
Sovereign
-
_
9-
25c
10c
7/
10-16
$1
$1.37%
9-
10-
8-19
Warren
1
Warren
(S. D.)
8-31
—
—
Brands,
Inc.,
preferred
(Detroit)
common
(quar.)
+
Standard Cap & Seal—
$1.60
preferred
conv.
(quar.)
(quar.)—
Standard Chemical
.
Co./Ltd.
Extra
of Indiana
;
Standard
Stoker
Co
1
10-16
10-16
8-25
9-
1.
12-
9-15
8-15
5%
preferred
(quar.)
9-15
9-
5%
preferred
7,075,770
7,110,001
383
+
+
1,611
+
17,423
1,851,865
+
308,818
+
145,910
+
1~446
1,152
+307,224
+ 5,919,518
19,440,265
+108,487
+4,814,682
12,934,742
:
+
125,141
+
275,174
+
170,513
+
217,903
6,015
+
292,276
19,879
+
124,112
31,508
+
909,465
231,451
+
159,891
2,211
+
2,16?
9-25
9
+
34,617
9-12
11-
2
1
4-16
1-45
-
7-16
1
8-15
z.^.
4,014
—
36,429,453
1-15
1-45
-
Total assets
10-16
1-45
-
9-
9-20
Liabilities—Federal Reserve notes
Deposits:
9-
_
.
Member bank—reserve acct._
9
U. S. Treasurer—gen. acct—
10-10
316,983
1,440,318
Foreign
Other
—
363,628
—
+
1
Total
t20c
9-11
8-10
9-12
8-15
$1.12%
9-15
15,055,671
deposits
—
8-15;
V
1,465,205
Deferred availability items
Other liabs.,
9-15
t$l
+
7,708
incl. accrd. divs.
Total liabilities.
—
35,968,849
+306,219
Capital paid in
159,427
75
Surplus (Section 7)
8-11
+5,886,207
Capital Accounts—
9-15
8-11"
+
10,399
50c
9-15
8-
188,097
+
27,686
75c
9-
1
8-15
Surplus (Section 13b)_.
26,965
+
50c
9-1
8-19
Other capital accounts.
86,115
(quar.)
8-31
$9
.
Participating units
preferred (s-a)_
8-31
22 %c
12-
$2.50
8
1
8-15
Total liabilities & cap. accts._
8-15
930
136
4,910
~
Ratio of total res. to deposit &
F. R. note liabilities
11-15
$1.25
9-
1
12-
1
11-15
36,429,453
+
55.4%
combined
make
to
Commitments
8-15
$1.25
.".
8-19
8-15
9-15
8-15
9-15
8-15
50c
+
+
65,450
40c
'
9,133
136
z
Bank premises
10-20
8-19
9-15
,_
180,922
307,224
5,919,518
+
.1%
—
—
15.7%
indus¬
trial loans
—(
3,960
—
80
—
8,353
7-31
25c
—
385,771
—
8-15
9-
50c
Stecher-Traung Lithograph Corp.—
5%
preferred (quar.)—
2,290,290
+
32,400
15,295,114
Due from foreign banks
F. R. notes of other banks
Other assets
$1.50
(s-a)
(quar.)
7:7 25c
—
Corp.
Common
i
1
(quar.)___
+
5,100
__
4,580,631
79,861
Total loans and securities—..
1
8-15
8-14
$1.75
5%
8-31
+
46,633
+
8-21
15c
(quar.)
1
,9- 1
10c
1,161
—
Washington Railway & Electric—
5
1
444
+
15,231,445
(incl. guar, sec.)—„
1
37%c 8
Corp. $3 pfd.
9-
40c
"'
—
—;
—
40c
t50c
(interim)—
Corp., common.
$1.60 preferred (quar.)_.
___
Standard Oil Co. of California
Oil Co.
$1,12%
7;
(quar.)————
Standard Dredging
Standard
62Vic '
25c
'
—1,350,963
+
35,392
t25c
11-
11-
—
8,306
1,294,426
8-28
37 %c
-
Co.
V—.
58,667
—
5,034
.-
1,109,171
—
9-
37%c
I
(Northam)
9-
$4.50
1
37%c 5
(quar.)__
(quar.)
/.
Mills
9
9-12
Standard
8-18
9- 9
62%C
$1 preferred (quar.)
v 8-19
3,322
—
i:/z_Z
342,051
+
TotaJ U. S. Govt, securities
(H.) Gooderham & Worts, Ltd.—
1
9-15
common
Insur.
8-21
2
9-
9-
9-
45c
(quar,)—
$1.12%
(quar.)
50c
$5 preferred A (quar.)—
._z:',
$1.25
$4.25 preferred B (quar.)—
$1.06'A
Accident
9-1
9-20
(quar.)
288
—7
8-21
50c
Common
—1,634,347
2,000
+
3,381,990
—
—
$3
Electric Corp. (quar.)
Waite Amulet Mines, Ltd. (Interim)
Wamsutta
,—
z_—
Bonds
8-16
6
7
—
9,445,858
....
Notes—
8-16
8-18
1
7 :
$
$1
•z
5
"•
Certificates
9.
9-15
Walker
Squibb
Standard
9-
1
9
Walgreen Co. common
Spiegel, Inc., $4.50 ponv. pfd.
& Sons
9-
9-
(accum.)
common—
preferred
9- 5
12-
(+) or Decrease
(—) Since
Aug. 9, "44
Aug. 18, '43
19,102,410
Uncollected items
(quar.)
9-
$1.37%
_
(E. R.)
9-20
9-15
4%%
77
10,330
8-25
20c
8-15
8-21
,77
10-11
(Dallas)—
-
dividend.
53,339
8-26.
12-
(quar.)
Building
this
Aug. 16, '44
Bills
6
50c
Wacker-Wells
:
12-15
certificates on hand and
Total reserves-,-.
12-23
Wagner
8-15,
for
closed
•
U. S. Govt: securities:
9-21
Extra
9-
30c
non-cum.
Insurance
Detinning,
preferred
not
Industrial loans
9
50C
preferred (quar.)____.
6%
preferred
(quar.)—z.
Vogt Manufacturing Corp
Vulcan
books
Discounts and advances
9-
$1.75
6%
9-20
10-16
t$1.50
participating preferred (quar.)
Southern Pipe LineSouthern Railway Co.—
/ 7::-
75c
270,009
*
6%
Life
(quar.)
(quar.)
Virginia-Carolina Chemical—
partic. preferred
8-31-
Jamaica income tax
30%
Other cash——:
9-
$1.75
8-25
1
2
1-2-45
.
$1
Vapor Car Heating, 7% preferred
7% preferred (quar.)fc
9-
10-
50c
Vlck Chemical Co.
6%
8
9-15
—
417,036
9-15
$1.75
9-15
9-15
9-
i
18,415,365
8-17
,
8-15
1
Southern California Edison Co., Ltd.—
Quarterly
8-31
10- 2
.'
;
common—
1
1010-
12Vic
preferred B (quar.)—
Southern California Water, 5%
9-
25c
9-25
9-.1
9- 9"
'
Van
37Vic
'.
Southwestern
Raalte Co.,
8-19.
1
25c
(quar.)
Redemption fund—F. R. notes—
50c
8-31~"
8*
9-15
10-
7 50c
due from U. S. Treasury—:—
1
9-14
62 %c
Company
Less
Gold
8-31
$2
$1.50
pfd. (quar.)
(quar.)
Extra
5%
Norman
9-
10-2
$1.37%
10-16
$2%c
8-25
Works
Lathe
9-16
10-31
40c
:
Works. Co.l
Iron
9-20
8-24
2
10-
*6%C
8-3i;
8-10
10-2
50C
Increase
$1
Dorn
8-21'.
1
9-
40c
>
(In thousands of dollars)
1
9-
50c
9-15".
$1.75
$1
$1.50
30c
$1.50
-
(quar.)
preferred
Van
1
9-30
:15C
Assets-
50c
common
50c
Sorg Paper, 4-6% series B (accum.)
6% preferred series A (accum.)
Soundview Pulp Co. common
6%
77
8-20
1
9-15
15c
5c
—
9-15
62 %C
Corp,
Common
9-
87Vic
25c
1
9-
(quar.)
;
77/-
8-15
2
Alsop Paint & Varnish—
11-
Reserve Banks Combined
8-21
1
2
5%
10-16:
$1
35c
$50c
Statement of Condition of the 12 Federal
5-26
9-
10-
preferred (quar.)
Socony-Vacuum Oil (s-a)—
Solar Aircraft Co. (irreg.)
8-11
1
10-
8-14
10-16
11-
8-25.
9-
t20c
$20c
7%
9
.
7
1>
$1.50
2-26
Pictures,
Smith
■
9- 8
9-
10-16
9-15
25c
(quar.)
8-31
11-15;
12-30
t$2.50
tPayable in U. S. funds, less 15% Canadian non-residents' tax.
7
tPayable, in Canadian funds, tax deductible at the source.
Nob*
resident tax; 15%: resident tax. 7%.
a Less British income tax.
*
9-15
40c 6-11-45
'7
___.
5% prior pfd.
prior preferred (quar.)
8-11
9-11
75c
preferred A
•Transfer
prior pfd.
Co
7
8-25
3-12-45
Match
Products
1
1
Co-operative Mercantile Institution—
2
Laboratories, $2.50 pfd.
—
1
1
9- 8
7-
Universal
Universal
8-15
9-
9-
Co
8-25
Universal
Sivyer Steel Casting
.
10-
10-
40c
(quar.)
9-22:
$1
Co., common
Mines, Ltd
11-27
Universal
Steel
9-15
9-11
8-31
&
11-29*
10-1
x
8-31•
12-20
•
5%%
9-22.
1
10-
$1.50
—
9-15;
10-1
75c
9-10
9-20
12-11
8-15
Saw
1
Co.
Towne Mfg,
Quarterly
'Quarterly
9-15
10-
W.)
Ziegler Coal & Coke Co
Zion's
9-15
2
40c
1
Simonds
2
10-
40c
.
9-30
1
Ltd., common (s-a)
participating preference (accum.)
9-20
8-15.
10-
&
2
9-
40c
9-15
;
$1.50
Co
8-15-
1/
2
preferred "AAA" (quar.)z
$1.25
Ltd. (quar.)
7; t25c
Formerly known as Associated Breweries
Breweries,
Silverwood Dairies,
1
2
$1.25 7-16-45
7
:
Universal
1
10-
$1.25
Youngstown Sheet & Tube, common
"/■'»
.
5%
i
9-
Yale
2
1
Sicks
9-15
1-
9-
Sherwin-Williams Co.—
8-15
4-
$1.50
pfd, (quar.)—
1
2
$1.25 4-16-45
7
(quar.)_
Factories 6%
A
Paper
Quarterly
9-
10-
(quar.)
8-25
9-15.
$1.25 1 -15-45
$5
8-25
2
10-
(F.
(Wm.) Jr.
Wright-Hargreaves
8-15
10-
$1:25
(quar.)
9-16.
(quar.)__'_
Wrigley
1
10-10
Products
Woolworth
10-
$1
common
5
8-10;
9-16:
Winters & Hlrsch, 7% pfd? (guar.)
Woods Manufacturing Co., "Ltd. Unit, quar.)
9
9-
$2
cumulative 1st preferred
S. Sugar, $5 preferred
9-
1
1
20c
Winnipeg.Electric, 5% preferred
Winstead ■. Hosiery (quar.)
■7;.i';' Extra
—
7-31
8-21
Shenango Valley Water, 6%
Willson
9- 9.
9-
50c
9-15
9-
$1.75
.
8-24
$3.50
(quar.)—;
preferred (quar.)
$5 preferred (quar.)—
$5' preferred (quar.)—.
6.4% preferred A (quar.)
10-
50c
25c
25C
$75c
U. S. Rubber Co., common
U.
9-15;
8-28 ti
9-11
/
$3
8-15
8-10
Light & Railway Co.
United States Steel Corp.,
7
2
10-
(s-a)
8-18
(Del.)—
58%C
7% prior preferred (monthly)_____
;
58%c
7% prior preferred (monthly)
53c
6736% prior pfd. (monthly)
7 ' 53c
6.36% prior pfd. (monthly)
50c
6% prior pfd. (monthly)
50c
6% prior pfd. (monthly)
$2.50
United New Jersey RR. & Canal Co: (quar.)
50c
U. S. Gypsum Co., common (quar.)
7
$1.75
7%
preferred (quar.)
$1.75
U. S. Leather,, 7% prior pfd. (quar.)_
40c
U. S. Pipe & Foundry, common (quar.)
40C
Common (quar.)
50C
United States Playing Card Co. (quar.)
62 %c
U. S. Printing & Lithograph 5% pfd. (quar.)
62 %C
6% convertible preferred A (quar.)
8-15
'
Grocers
1
class A pfd.
United
8-15
8-21
Fuel
Villa
9-
———
(quar.)_
—:
—
United Gas Corp., $7 preferred (accum.)—
United Grain Growers, 5% non-cum. pfd. A
6%
1
10-
-
$1.75 y 10-1
__z.____.i_
25c
79717
79717
Investments—
United
8-
9-
$1
7%
.
9- 1
8-14
8.
8-
9-15
35c
(quar.)_
(quar.)
8-
8-31
7 -50c
(quar.)
Corp.
(quar.
Products
8-31
25c
(Wm.) Co.* Inc;,—preferred (quar.)
:_
Wieboldt 8tores, Inc., 6% pfd. (quar.)______
$5 prior preferred (quar.)
Wilkes-Barre Lace Mfg
pfd.z—
8-14
•
8-15
Whitman
7-31
'
9-11
—
8-30.
9-5
1
.
1
9-11
—
pfd.
1
2
1
9-11
$1.12%
(quar.) /7 $1.25
9-
2
Selby
1-20
—
9-
tlOc
t20c
10c
37 %c
75c
12Vic
25c
t23c
Paper, common
9-
-
75c
Chlorine
Whitaker
9-15
common___
(quar.)
$3 partic.
Chemical
United
Westvaco
20c
8-15.
8-18-
1
9-15
$1
$1.25
conv.
America,
Biscuit of
9- 5
8-23
11-10
preferred
'9-
$1;
common____
,
Instrument
1
7%
8-15.
:
9-1
25C
iquar.)__
11-15
14c
pfd. (quar.)
1
7*
$1
2-2-45
50c
Inc. 4%%
United Aircraft Corp.
Electrical
$1.37%
—
series B
Oil Shares,
9-
43%C
Coal
$5
—
(quar.)
preferred
4
25c
Tank Car
9- 1
$2
25c
50c
Shawinigan Water & Power Co
Sheaffer (W. A.) Pen (quar:)
Co.,
United Air Lines,
10-
(quar.)
International
Coal
8-25
10-
Investment
»
Trust 4% participating preference
Secord (Laura) Candy Shops (quar.)_
Securities Acceptance Corp., com. (quar.)—
(
6%
preferred
(quar.)
Seeman Brothers, Inc.
(quar.)—
Extra
9-
9-15
$1.75
(quar.)
Shoe Co
Servel, Inc. (quar.)
58 %c
2
$1.87%
Co
Surety
Canadian
Westmoreland, Inc.
United
$1.62%
Roebuck & Co.
Sears
Second
8-19.
9-12
$3
i
(quar.)_
(quar.)
debenture A
8%
1
Trustee Standard
1
6% pfd. (s-a)
7%% debenture B
Seaboard Oil of Del.
9-
9-15
10c
50c
$1.50
25c
,
Seaboard
50c
5%%
25c
(quar.)
Westmoreland
Truax-Traer
8-16.
.25c
Westinghouse Electric. & Mfg
7% particpating preferred
8-19
9-15
9-
common
C
8-
$1.50
1
Auto Supply (quar.)
Westinghouse Air Brake
7-21
Co., 5%
8-16
9-
Western
1
8-15*
15c
62 Vic
25c
Class B
debenture
12-21
1
conv.
9-
1
9-
Lead Co
St. Joseph Water. 6% preferred (quar.)
St. Louis Public Service, class A
$1.75
8-31
preferred
preferred
1
Co.—
Steel Foundry—
preferred (quar.)
8-22
1
?$1.50
& Snowdrift
tic
6%
8-
9-
>
preferred (quar.)__.
5%
9-
10-
8-21
7 $4 conv.
West Michigan
41%c
10-
9-
Joseph
7%
9-20
'
Safeway Steel Products
gavannah Electric & Power,
6Vi% debenture D (quar.)
10-16
12-30
51.25
51-50
$$150
50c
Royal Bank of Canada (quar.)—
Rubinstein, see Helena Rubinstein
Rustless Iron & Steel Corp. common (quar.)
$2.50 conv. preferred (quar.)
Saco-Lowell Shops
1
1
Wesson Oil
8-18
8-31
8-15.
8-31
10c
$1
Engineering
pfd. (monthly)
(monthly)
7%
(monthly)
—
Trane Company, $6 1st preferred
(quar.) —
Trinity Universal Insurance <quar.)___
Troy & Bennington RR. (s-a)
10-16
9-30
8-10
8-25
9- 5
;
.Extra
8-25
25c
Mines
Toledo Edison
5
11-
;
8-31
25c
(quar.)
.
—;
Gold
Toburn
8-10
11-
1
9-15
9-15
50c
—
(interim)
registered
Ordinary
9-12
9-
9-
5c
<
7% pfd.
$1.75
5c
Wellman
8-10
1
10c
.V
of St. Louis
Trust, Ltd.—
Securities
9-
<
of Ree.
Payable
thare
!
Common-
1
35c
—
Corp.
Insurance
Tobacco
9-12
1
8-25
.
6%
St.
1
9-15
37Vic
(quar.)—
(quar.)
E
preferred D (quar.)—
Rolland Paper Co., Ltd., 6% pfd.
Roos Brothers, Inc. (quar.)
Title
9-15
partic. preferred (accum.)
Rochester Button, $1.50 conv. pfd.
5%
2
10-
t
Rochester Gas & Electric—
11-
10-
$1.50
»
1
$1.40
8-31
9-
Welch Grape Juice Co.,
9-1
—
1
9-15
9-15
15c
common
8-
9-21
11-27.
9-15
■
Oil
(quar.)_
preferred (quar.)
Roofing Co.,
Name of Company
of Reo.
25c
7
When*: Holdera
Per
Hoiaert
1
$1.25
Extra
Tilo
12-
$2.50
(s-a)—
convertible
Timken Roller Bearing
12-
J5c
Robbins & Myers—
8-24
Associated
*9-1
25c
When
Payable
(quar.)
preferred
Water
Tide
9-14
10-12
50c
——
2
9-14
91.75
25c
Goods
Dry
Richardson
,
(quar.)———
Co.
Manufacturing
Rheem
10-
oe
Reynolds Metals Co. (irregular)
Reynolds (R. J.) Tobacco—
7% 1st and 2nd preferred (quar.)
9-
$5
'■
8
2
$5 pfd.
Thermatomlc Carbon Co.,
Thompson Products, Inc. common
7-21
8-25
15c
*5c
12%c
>
''
(irregular)
Reymer & Brothers, common
7
8-31
10-
$1.12/2
25c
30c
:—
8-
9-15
$1-50
25c
+25C
87 %c
Rayonier, Inc., $2 preferred (quar.)_
50c
Reading Co., 4% non-cum. 1st pfd. (quar.)- '
50c
2nd preferred
(quar.)
50°
Regent Knitting Mills, $1.60 preferred (quar.)
40c
$1.60 preferred
(quar.)—
;
40c
Reliance Grain, Ltd., 6%% pfd. (accum.)— t$L62%
Remington Rand Inc., common
30c
Oil Refining—
Quebec Power Co. (quar.)
Radio Corp. of Amer.. $3.50 1st pfd. (quar.)
State
Quaker
Name of Company
1
8-31
preferred (quar.)
6%
Quaker Oats Co.,
Per
of Reo.
thare
Boldert
Payable
.
,
Monday, August 21, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
768
9-
9-
1
-
Foreign Exchange Rales
/•
9-30
12-30
FOREIGN
9-15
$1.25
of Section 522 of the Tariff Act of 1930,
the Federal Reserve Bank is now cer¬
of the
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries
world.
We give below a record for the week just passed:
f
-
8-18
$1.25
Pursuant to the requirements
12-15
EXCHANGE
RATES
CERTIFIED
BY
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF
FEDERAL
1930
*
5%
preferred (quar.)
Sterling Drug, Inc.
Sterling Engine Co
Stonega Coke & Coal
Storkline
Furniture
75c
Corp.
8-15
*
:
/.:
*/
1
8-30
Machinery
9-
1
8-10
9-
1
8-14
Swift & Co.
1
1
8-15
8-25
10c
9-
1
8-15
—37Vic
9-
1
8-15
(quar.)
,
10-
1
q_
50c
9-
1
1st
preferred
9-
1
25c
15c
12-
1
8-21
10-
2
Texas
Gulf Producing
Texas
Gulf
.251247*
3.228000
3.228000
3.228000
_
_
.900156
4.035000
India (British), rupee
.051803*
.909090
.900468
.900625
.572766*
.572766*
.205800
♦
_
.
Mexico, peso
Newfoundland, dollar—
Official
'
.
-
'
-
<
•
••
,
.
•
.900000
.572766*
4.035000
4.035000
.301215
.301215
.301215
.205800
.301215
\
......„
4.035000
.205800
a
■
.051275*
>
-
4.035000
.301215
.205800
"
r
4.035000
.301215
England, pound sterling
8-11
.051275*
.909090
;
z
.909090
-t
v
.060602*
.572766*
7
.900468
.572766*
.060602*
.900625
.909090
.572766*
.060602*
_
.205800
.205800
.909090
.909090
.
~
.909090
.909090
.909090 -
.909090.
>
"
•
Free
_
_
.897916
.897708
_
.898125
.898125
,
,
.898125
'
.897916
*
New Zealand, pound
_
__
*
.
;
.
_
3.244203
3.244203
3.980000
3.980000
3.244203
3.244203
3.244203
3.980000
-3.980000
,
3.244203
"
9-15
8-25
$1.75
9-
1
8-11
50c
10-
2
9-
35c
pfd. (quar,)_
(quar.)
Sulphur
.297733*
.909090
.051275*
.051275*
.909090
•'
_
Free
11-15
8-31
__
Colombia,*peso__
8-15
50c
(accum.)
Company
Official
8-15
50c
.060602*
Canada, dollar—
1
40c
__
(irregular)
Sylvania Industrial Corp. (quar.)
Teck-Hughes Gold Mines Ltd. (reduced)
7%
$
;x:
.297733*
.251247*
.251247*
,
.••7
3.228000
.060602*
.060601*
__
.051275*
8-16
"^Telephone Bond it Share—
Texas
Official
8-25
8-26
(quar.)
.251247*
.251247*
3.228000
3.228000
■
.297733*
/
.
Brazil, cruzeiro—
8-15
9-15
10c
—„
Terre Haute Water Works, 7%
/
8-15
25c
common
z
7'
$
.297733*
.297733*
Aug. 17
Aug. 16
$
$
<
-
1
37 %c
(quar.)
.251247*
Australia, pound
8-15
9-
$25c
;/
_
Swift Internat. Co., Ltd. dep. rets,
Syracuse Transit Corp.,
Common (irregular)
9-
9-
125c
/
.297733*
.
Aug. 15
Aug. 14
$
$
Free
120c
Co.—
Oil Co. (quar.)
Superior Tool & Die (quar.)
United States Money
Value in
Argentina, peso—
$1.50
—
/7
-
Buying Rate for Cable Transfers In New York
Aug. 12
Aug. 11
8-19
$1.62%
Sun
Swan-Finch Oil, 4% 2nd pfd.
6% preferred (quar.)
Noon
Official
6%
prior preferred A (quar.)
Stromberg-Carlson 6%% pfd. (quar.)_
Stuart (D. A.) Oil Co., Ltd., 'com. (irreg.)
Class A partic, preferred (quar.)—
Participating
7
1944, INCLUSIVE
Country and Monetary Unit
■
'/
7
11 TO AUG. 17,
8-30
12Vic
Strawbridge & Clothier—
AUG.
'
8-15
1
7
8-15*
1
9-
12Vic
Extra
Sullivan
1
9-
$1
(quar.)—
9-
7Vic
____.
7
(irregular)
(quar.)
15c
50c
Union of South Africa, pound
Controlled
9-
1
3.980000
•Nominal rate.
:
-
.658300*
.658300*
-
.541750*
8-18
9-15
■
3.980000
Uruguay, peso—
1
8-31
,,
•
.541750*
•
.
-
-
.658300*
.658300*
.541750*
.541750*
-
.
.658300*
.541750*.
.658300*
..541750?
T
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
160
Pittston Company
Condition Statement of Member Banks
reporting member
in 101 leading
The condition statement of weekly
banks
of
Federal
the
Sales
Cost
System
Reserve
of
operating
sales
other
revenues.
deprec.,
(excl.
etc.,
17,621,490
for
Property,
franchise and
Federal
and
bad
1,279,900
state
29,138
84,153
$1,696,621
$1,487,629
taxes
income
Z)r310,017
199,066
$1,386,603
has
%Total income
purchasing or carry¬
—
$1,686,695
Interest,
expense,
Deprec.,
depletion
ing United States Government obligations declined $49,000,000 and for purchasing or carrying other securities
$46,000,000, and other loans for purchasing or carrying
United States Government obligations declined $52,000,-
Divs. accrued and
000, all largely in New York City and the Chicago Dis¬
—V.
less
trict.
Provision
for
interest
and
Federal
income
paid
earned
90,178
income
for
period
of
York
operating
Operation
Maintenance
'Provision
$84,000,000 in New York City and increased in most of
the other districts; the net decrease at all reporting
member banks was $53,000,000.
Holdings of Treasury
Co.—Earnings—
General
4,808,566
__
from
earnings
Other
income
from
1,272,156
operations^
Total
net
1,348,147
interest
$4,996,597
194,401
earnings
income
Excess
the
12-month
Gross
reporting
-393
+
+
for
758
46
f
Other
366
+
337
1,068
Loans to banks
37
Treasury notes
U. S. bonds
5
1,316
3,725
11,004
7,477
19,478
605
;
Treasury certificates of indebtedness
Obligations guaranteed by U. S. Government
156
income
3
535
3
2,186
9
1943
+
20
—
Consolidated
26
1
Time deposits
33,565
6,967
U. S. Government deposits
13,131
deposits-adjusted
Interbank deposits:
Domestic banks
9
+
U.
36
—
8,778
868
51
and
32
S.
Govt,
Investments
+
7,960
Fixed
assets
U.
+
126
+
S.
Gov't
3
and
Bank
11,300
taxes,
Federal
information
"With
being
additional
the
to
shares
25,000
issue
"The
tive
of
in
new
the
of
the
pfd.
stock
shares
in
Pillsbury
is
maintained in a
preferred stock are to be authorized to
either for cash or property.
va"'.A ''J ,t.
..v
Service Co. of Northern
''
purchased
Gas purchased
Other operation
Maintenance
State,
local
Federal
Prov.
__
Federal
profits
(less
taxes
1943
1944
and
deprec.
write-down
2,266,337
963,000
2,252,700
2,826,000
2,772,000
post-war
—
of intang..,
to
flour,
the
company
■/.
said.
-; •v
manufactures
;
sinking
are
12
in
Minneapolis.—V.
160,
p.
470.
Pittsburgh Plate Glass Co.—ObituaryHarry
died on Aug. 13 in
and had been associated with
than 53 years.—V. 160, p. 331.
Scott Wherrett,
Chairman of the board,
Pittsburgh, Pa. He was 68 years of age,
company
for more
income———.—.:—;
operating
Other
income
$4,082,749
$4,320,883
73,994
42,577
$4,156,743
$4,363,460
_
—
cost
Interest
i
•_
charges
income
(net)
2,548,796
2,573,827
$1,607,947
^
—V.
160,
p.
-1.
—
470;
V.
159,
p.
;
$1,789,633
Net
Cost
sales
of
and
sales
other
and
;
revenue
other
Net
profit
profit per share—Preferred
Common
stock
_
stock
___.
$2,878,965
2,522,498
2,097,202
251.077
379,938
252,596
300,477
$232,865
$4.15
____
.—__
__
Net
46,879
48,927
\
53,716
$3,386,378
_______
expense—
Depreciation—
_____
——
Provision for Federal taxes
$228,690
$4.08
$0.61
674,364323,014
on
Note—Figures for 1944 do not reflect results of the sale of Canadian
interests.
In this transaction, profit before capital gains tax
$2,340,540.
Products
Ltd,
and
Beaver
Cove
„
payable and payrolls, fncl. provision
retroactive wage adjustments in
$45,362,111 $35,901,66®
division
for
prov,
Fed,
taxes
income,
on
not
not
due
-n
30,511,31®
3,547,61®
38.215,451
provision
other taxes,
for
refund
renegot.
1942
on
yet
4,693,094
armament
4,870,364
8,817,00®
18,176,122
2,410,847
368,070
508,256
2,336,36®
396,85®
1508,25®
5,852,344
4,546,151
—
contiacts
munition
on
experimental cars
For
deferred
For
(contra)
benefit plans
and
fire
casualty
liability
installations
and
of
maintenance
manufacturing
For
Pullman
cars
2,500,-000
General
Other
Air
1
5,761,86®
3,190,83®
3,266,676
reserve
153,560
Other
147,97*
5,962,327
4,662,525
6,945,19*
2,955,149
reserves
conditioning revenue deferred
deferred
credits___
stock;
Capital
Pullman
Inc.
Pullman
Co.
Surplus
129,195,880 132,115,88®
subsidiary)
(a
,
4,485
49,010,408
—
5,92®
49,704,64*
$305,573,448 $307,568,82®
Total
—V.
2,000,00®
8,537,043
contingencies—
post-war re-adaptation of manufacturing
160,
332.
p.
R.C.A. Communications, Inc.—Service With India—
of the first direct radiotelegraph service between NewBombay, India, 8,000 miles around the globe, began at 12:01
a.m. on
Aug. 15, it was announced by Lt.-Col. Thompson H. Mitchell,
Vice-President and General Manager,
The direct circuit, established
in cooperation with the Indian Radio and Cables Communications Co.,
Ltd., of Bombay, is the longest in the world, and rates to India ar®
Operation
.
reduced by
it.
longest
The
;
circuit heretofore was
Australia, a distance
oh Dec. 25, 1941, just
after the Japanese attacked
Pearl Harbor.
RCAC opened
radiophoto service with Australia three months later.
In
opening the service with
Bombay—one-third of the
tween
San
miles.
It
around
third
ated
direct
Francisco
and
from
world
Melbourne,
by
New
RCAC
York—RCAC
extends its
18
days
direct
a
'
>
distance
facilities
the
to
Naples,
commercial radio
the company opened service
between New York and Rome, the first of"
capitals to fall to the Allied Armies,
war
announced
was
on
Aug.
10
that
a
new
enabling America's radio networks and
to
,
program transmission
individual broadcasting;
provide millions of listeners with on-the-spot news reports,
commentary and
in
'
Service Between
Opens New Program Transmission
Italy and the United States—
It
that be¬
of 7,42®
foreign locale since Feb. 1 of this year, when it
Italy, the first ail-American owned and oper¬
station on the continent of Europe.
On June 1*
important
in
radiotelegraph
established
was
the
the
Italian
participation in the activities of American sol¬
has been established by this
theater of operations
corporation with the cooperation of U. S. military authorities.
The 'new
service
links New
York
directly with
Rome,
first
,
of
capitals to be liberated by the Allied armies.
It is
by RCAC's direct radiotelegraph circuit, opened witfc
Rome on June 13, which has been facilitating the flow of press dis¬
patches,
government information
and' military and personnel mes¬
sages from the Italian war zone.
The powerful Rome station supple*
mented the RCAC station at Naples, which began service last February
as the first ail-American owned
and operated commercial radio station.
Europe's great
made
possible
on
,,i:.
Timber
Co.
Ltd., for
war
the continent of Europe.—V.
directors
on
Aug.
-Cent Dividend—
16 declared a quarterly dividend of 37>/2 cents
12 to
15 and
June 12, this year.
In 1943, the following distributions were made:
March -15, June 15 and Sept. 15, 37'/2 cents each; and Dec. 15, $1*
share
—V.
of
159,
on
the
record
p.
2122.
capital
Aug.
28.
„
160, p, 669.
Raybestos-Manhattan, Inc.—37
The
holders
1, 1944, the comcany sold its Canad'an t'mber subs'd'aries,
Forest
3,261,86®
excess
$305,573,448 $307,568,82®
employee
per
Sale of Canadian Timber Subsidiaries—
On June
Canadian
1,613,48®
307,541
6,037,043
(10%)
SO.60
————
timber
to
105,650,25®
4,933,912.
6,271,269
;
refund
uninsured
diers
1943
53,454
_—
995,61®
91,343,878
secur.)
—
For
war
1944
.
18,176,12*
558,299
(Invested in U. S. Govt,
post-war
for
stations
Puget Sound Pulp & Timber Co.—Earnings—
Pulp production, tons
.
Pulp sale£, : tons________—
31,961,44®
4,870.364
:
carrier
service
2013.
6 Months Ended June 30—
5,512,06*
33,065,067
•
:.
tax
the great
income
Gross
731,30*
40,596,22®
payment
4,470,007
at
established
Net
deferred
York and
2,386,516
946,000
taxes
32,755,00®
19,942,000
579,072
other
For
,
$27,669,280 $26,745,063
3,067,698
2,681,986
2,405,562
2,366,510
8,610,686
7,957,453
\ 1,450,470
1,164,194
taxes—.———
excess
for
Net
presents-?
75-year-old milling company's broadening activities," Mll*i_
addition
and
For
$350,000
1,893,600
miscel.
and
income
Federal
—
__—_
-
Reserves:
Illinois—Earnings—
"
1943
50,735,519
shipments
•
revenues
30
1944
$86,703,546 $61,073,977
due
Prov.
10,412,256
2.204,082
1,242,734
2,710,364
1,000,000
2,250,000
8,447,300
25,640,000
2,328
17,154,455
101,594,246
be available
Pillsbury Mills, Inc., is proposed as more
"In
June
,
charges
Advances
—_J&17-6,477,932 $173,003,111
■..-■•Ai.-.'.ybutr v
Power
.
17,154,455
^+>106,119,064
669.
p.
amounted
this
___^u
_
160,
credit)
tt> be determined by the company's directors.
A special
meeting, of stockholders to vote upon the authorization of the pre¬
ferred
stock and the change in
the company's name is called for
Sept.
no
_
6 Months Ended June 30—
stockholders.
fund to retire annually a minimum of approximately 2%
the preferred stock issued, with an increase depending on earnings,
provided for in the proposals.
The dividend rate and the offering
price
shares,
surplus
Operating
packaged foods with a grain base, commercial feeds for livectock and
poultry, and soy bean products, and also manufactures dehydrated
bean
and pea soups and concentrated cereals for the armed forces.
These latter products and others developed in the company's research,/
laboratories have interesting prospects for the post-war market," Mj\;
of
8,447,300
par)uu_+25,640,000
2,328
*i:;
(Dr )__+
treasury
2,250,000
•
_
(6,410,000
1,000,000
_______
$100!__
(par
surplus
Public
future,
name.
said.
Pillsbury
A
contingencies
cumul.
Total
position," according to John S. Pillsbury, Chairman
of the board, "with no funded debt or liens against its properties."
The new capital will be used in part to complete the retirement of
the
company's first mortgage bonds, which are now held by The
Equitable Assurance Society of the United States, and the remainder
will in the first instance be added to working capital.
An additional
for
1,060,320
(net)
2,717,901
for
stock
Shares
Preferred
income
reserves
pfd.
—v.
the company will be
Sheet,
.
securities
contracts
Accrued
1,492,797
______
$10,362,071
1,729,148
accruals—
a
capital,
the
59,419,696
1
financial
Strong
Balance
:
unpaid
yet
3,053,648
57,918,913
1
1,317,291
for depreciation)
taxes on
reserve
Paid-in
further extension
sent
'
accounts
Accrued
54,129,103
5.825,590
2,022,546
miscell
Earned
Sachs & Co., and Piper, Jaffray &
the public offering of the shares,
4,500,32*
3,302,94®
$1.3®
taxes,on income
trust
for
1943
11,771,688
_
cumul.
Common
Hopwood are expected
' :
Recent
extensions
of the company's
business have included the
acquisition of flour mills, feed plants, soy processing plants, and other
properties on the Pacific Coast and in the Middle West,
All have
been
acquired for cash, without capital financing, it is stated in
manage
'
5,709,209
licenses
and
5%
and diversification of its busi¬
preferred stock issue in the amount of
$7,500,000 and a change in the company's name to Pillsbury
Inc., it was announced Aug. 14,
Goldman,
to
$1.34
Liabilities—-'VV
510,361
i
payable
A
Mills,
and
8%
Stock Issue—To Change Name—
about
3,231,769
$0.75
plants and Pullman equipment
loan
General
(Continued from page 732)
is proposing
4,328,005
1,651,496
$0.64
Government securities
marketable
for
$176,477,932 $173,003,111
Insurance
company
2,466,472
.
$V
Treasury tax savings notes earmarked for
Accounts
21,295,036
subsidiaries
to
charges
Accounts
General Corporation and
Investment News
Looking toward, a
21,591,38®
1,614,972
assets
Liabilities—
Pillsbury Flour Mills Co.—Plans $7,500,000
14,529,531
12,335,292
2,076,795
Claim
'•
12,657,416
i.
Total
Accrued
ness.
.„.
71,063,034
advances
(less reserve
Accrued
;
*, ...?
•«
11,296,804
value—.i.
investments.-.
and
patents
Deferred
accounts,
_.
.;
14,181,63®
~
■
profits
89
+
87
accounts except
during week
in
—516
9
June 30
materials
and
loans
13
Sheet,
receivable, less reserve
Other
+
13',942,211
127,277,391 167,565,431
3,220,463
6,502,834
6,443,13*
on
share—
per
Other
refund
post-war
1944
546,104
at market
securities,
1,116
+
87,984,408
income
Deferred
12,816,513 *'
14,418,726
.
$
166,579,974 214,281,91*
Equipment and property, less depreciation
602,365
investments
+
—
7,725,229
3,252,326
taxes
Investments
20,677,054
1944
50
+
$
6,154,430
Munition
$13,946,613 $15,505,192
Other
231
—
Balance
neces¬
1944—6 Mos.—1943
113,731,867
deprec
Fed.
Inventories
333,933
Assets—
Goodwill,
Foreign banks
Borrowings
interbank
Net
car
602,365
Cash
Merchandise
deposit
for
Equipment
2,970,000
19,440,182
$330,000,
are
Ended June 30
62,233,928
taxes
accrued Federal
214,440
L
credit
thafc
.
than
Fed.
&
for
Other
13,900,000
year
retirement
which
and personnel
7,026,779
income
U. S.
37,880,987
13,900,000
;
debt
of
continuance
$
Consolidated'
720,721
483,805
276,669
profit for
of
century
a
continues.
permit
Total
Accounts
demand
'
of
rev.
Assets—
(Excluding the Procter & Gamble Defense Corp. and Subsidiaries
in England, Canada, Philippine Islands and Java)
Liabilities—
—
net
2,606
—1,198
14
travel
statement
supplies
well a*
by The
railroads, as
service created
all
other
exps.,
Earnings
36,676,461
405,000
taxes
3,423
+3,410
8
desirable
the
three-quarters
also
of sleeping car
in the public
system
be
of
$
Dividends paid
5,675,000
—.
dividends
'Less
+
of
pool
to
80,744,261
from
contract
Provision
45,409,003
39,911,291
_
tax
President.
the seasonal ebb»
sleeping car travel throughout the country."
—
for
Prov.
$45,000.
+
8,750
Balances with domestic banks
47
389
+
—
the
would
equipment,
cars,
the
than
more
business,"
income
deprec.
9,341,865
__
dividends
Common
3
—
43
2,939
to
of
sources
1943
595,931
_
by
meet the fluctuating demands engendered by
Gross
;
;
etc._
profits
excess
Preferred
83
25
Reserve with Federal Reserve Banks
Cash in vault
1,127
+
—
53
-
Other securities
Debits
income,
Consolidated
V
■
50
/'
;
Treasury bills
Demand
for
is com¬
1944
Renegotiation settlements 1942 and 1943, net
52)
1,161
—
Other securities
standards
its
arrangement
Funded reserves
Real estate loans
Other loans
this
an
flows of
Total
39,315,360
Federal income taxes
49)
Other loans for purchasing or carrying:
U. S. Government obligations
in
high
in
payment to railroads.
44,142,501
operations
settlement
'Federal
obligations
the
of
found
advantage
1944—3 Mos.—1943
2455.
p,
10,056,755
.
Patent
pur¬
593
U. S. Government
from
wa»
return
capital
prospective pur¬
acquire the "going,
centralized pool
of
to
the
operates
effect
in
economic
,
326.132,122 302,154,408
242,674,262 220,068,944
expenses
$1,050,000
addition,
business,
also
opportunity
which
Accounts and notes receivable
chasing or carrying:
Other securities
of
Company
sary to
$
'.'v-—
336,188,878 311,496,273
allowances
of
In
working
A. Crawford,
14 by D,
manufacturing
or
the
court
the
company
1943,
Java)
-
—_
Investment
299
+
and
+':
realized
company
loan
capital.
increased
Ltd.
Co.
made.
the
Pullman is working out in accordance
decree requiring it to dispose of either
maintenance
assure
the
to
and
(& Subs.)—Earnings—
___
and
returns
Total
6,013
dealers
and
brokers
to
the
by
sinking fund basis.—V. 159,
Dividends from Canadian subsidiary
1,753
industrial, and agricultural
loans
made
sales
Profit
9,625
-191
bank
A
working
Timber
Cove
been
gain,
com¬
Forest
negotiations for sale of its sleeping car
was
disclosed
in the
second quarter
court
given
and
Cash and U. S.
8-11-43
S
*
56,524
11,296
has
capital
the
equipment,
__
and June 30,
Philippine Islands
Cost of goods sold
Selling, general and admin,
Increase (+) or
3.
1944
sales
Discounts,
Decrease (—) Since
investments—total--
30,
..-v"
-%?/■
Assets—
to
which
a
$1,840,152
Years Ended June 30—
(In millions of dollars)
Loans
ended June
Canada,
$87,000,000 at all
8-2-44
would
mobility
(Excluding Procter & Gamble Defense Corp. and subs, in England,
Net
Commercial,
provisions for depreciation
period
puted substantially on a 5 7c
banks follows:
Loans—total
annual
Procter & Gamble Co.
8-9-44
be
which
Prov.
of the assets and 'liabilities of
Beaver
payment
on
given
Canadian
of
and logging
Consolidated Income Account for Period
reporting member banks.
Loans and
400,400
$1,401,147
*
it
organization"
activity
784,250
tax
of
bonds
issued Aug.
business
car
Pullman
2,566,596
604,000
surtax
income
'The
deposits declined in all districts.
summary
"This
$5,190,998
2,638,482
and
tax
profits
Net
Deposits credited to domestic banks increased $26,000,000 in the Dallas District, $17,000,000 each in the Atlanta,
A
$5,044,029
deductions
Normal
*
cars.
service
(net)
Income
deposits adjusted declined $153,000,000 in
New York City and increased in most of the other dis¬
tricts; the net decrease at all" reporting member banks
was $32,000,000.
Time reposits, other than United States
Government and interbank, increased in all districts and
the total increase was $50,000,000.
United States Gov¬
member
sleeping
"Such
Demand
Louis, and Kansas City Districts,.and
3,980,782
opening
proposal,
would
758,352
■
.'w
in¬
2677,
provisions of
sleeping
238,485
;
timber
adjustments
railroads,
maintenance
Net
$25,000,000 and holdings of United States
Government bonds increased $43,000,000.
ernment
other
stockholders
experienced
$4,805,544
taxes—_
sale,
bear
payments
buyer has
properties
the
payment.
added
was
is
the
to
the
chasers
1,211,659
__
initial
the
and
to
the
873,368
depreciation
stocks and
$230,311
company
1,197,325
______
for
its
1943
$12,956,959 $12,295,537
notes declined
v
$714,109
1944
the
on
Pullman Incorporated—Second Quarter Statement—
with
revenues
all
remain
the
the
of
full
statement
Gross
Profit
Deferred
balance,
90%
tax
business
160, p. 668.
12 Months Ended June 30—
City,
funds.
1947.
all
on
until
Under
Treasury bills declined $134,000,000 in
$36,000,000 in the Cleveland District,
and $156,000,000 at all reporting member banks.
Hold¬
ings of Treasury certificates of indebtedness declined
Holdings
-
37,937
$587,313
to
1,
unpaid
covers
$743,311.—V. 159, p.
'
New
;
557,527
10,791
subs,
a
the
mortgage
advances
The
Net
Portland General Electric
St.
330,662
425,800
taxes
pref. stocks of
on
of
for
placed
$1,280,311
46,460
272,521
amortization
American
May
providing for 25%
paid and
Loans to brokers and dealers for
in
2%.
Ltd., which
escrow,
After
domestic banks.
to
of
first
a
Products
and
rate
security
pany
in
Operating profit before depreciation, etc
Other
commencing
the
at
As
221,570
92,557
terest
48,889
236,145
.
other taxes
payrolll
instalments,
1,285,102
expenses
debts
$5,000,000
initial
payment of $1,450,000 was received, $550,000 in due Jan.
1945, and the balance of $3,000,000 is payable in eight equal annual
5,
13,996,252
of
deducting capital gains tax, amounted to $2,340,540.
An
and
taxes)
Provision
of $191,000,000 in loans, $199,000,000 in holdings of United Statese Government obliga¬
tions, and $516,000,000 in United States Government de¬
posits, and an increase of $87,000,000 in deposits credited
ended Aug. 9: Decreases
property
1943
$20,955,851 $17,123,595
—
equivalent
before
1944
Selling, general and admin,
following principal changes for the week
cities shows the
and
the
(& Subs.)—Earnings—
6 Months Ended June 30—
769
stock,
no
par
value,
payable
Sept.
A like amount was paid on March
^
THE COMMERCIAL & FINANCIAL CHRONICLE
770
Monday, August 21, 1944
"
The
directors
incorporation, as amended. >
the directors declared a
tificate of
per share on the common
of record Sept. 11.
A
And
company s cer¬
..
.
,
Vhf/o
stock, no par value, payable Oct. 3 to
amount was disbursed on April
holders
3 and
Prlor P^ef.er®f51 s^'
preferred stock, pay¬
per share on the 6%
cumulative convertible ^
series A, and on the 6% cumulative convertible
2014.
of record Sept. 11.—V. 159, p.
able Oct, 2 to holders
The directors have declared a
common
Salt
fired
has acquired the
company
stoker-
25-Cent Stores, Inc.—Sales1944—Month—1943
1944—7 Mos.—:1943 ?
$867,061
$836,462 $6,004,002 $5,220,045
-■;,;/v,•
;V;•
Rose's 5, 10 &
—v.
160, v. 332.
■.
Royal Typewriter Co.,
f
Inc.—Renegotiation—
of war contracts for
that no refund to the
corporation has concluded renegotiation
the fiscal year ended July 31, 1943, and reports
Government was necessary.—V. 159, p. 2456.
The
,
District Judge James P. Leamy has set a hearing for
a petition of three banks, trustees for bondholders of the
which they seek partial payment of $3,000,000 in overdue
interest on mortgage bonds.
The petition was filed by the United States Trust Co. and the Old
Colony Trust Co., both of Boston, and Central Hanover National
Bank & Trust Co. of New York.
They claim to represent clients
holding about $9,200,000 in mortgage bonds.
: !
The petitions request distribution of $42,75 on each $1,00(1 principal
of Rutland consolidated 4 %s, $38 on Rutland-Canadian first 4s and
$58 on Ggdensburg & Lake Champlain 4s.
The
requested payment on the consolidated 4Vzs and RutlandCanadian 4s would cover partially unpaid interest on coupons due
Federal
in
,
January and July, 1937, and January, 1938.
Payment
January, 1937, coupon and 70% of the July, 1937, and
coupons was made some time ago.
.
has
and
Assistant Treasurer
elected
been
Assistant
as
for a
the company
of
and
Secretary
number of
Assistant Treasurer.—
shares
333
Co.;
extend
bonds of the Durham Union Station
of
$1,600,000 first mortgage 4% bonds of
and 1,500 shares of capital stock (par $100)
such assumption of obligation and liability
Co.;
these
The SEC
'
securities.
Effective— ^ ^
applicant was incorporated in Virginia on Jan, 26, 1944, for
the purpose • of acquiring by
purchase, lease, or otherwise, certain
properties and rights and ..interests now owned by the old company,
r
10 authorized the company, a subsidiary of Amer¬
ican Gas and Power Co. and of Community Gas and Power Co. to
reduce Its outstanding capital stock from $1,400,000 to $672,000 by
reducing the par value of each of the 56,000 shares outstanding from
$25
per
the
In
used
Aug.
on
share to $12 per share and thereby to create capital surplus
amount of
$728,000 which capital surplus will thereafter be
to
eliminate
in
accounts
certain
accordance
Commission.—V.
amounts
with
order
an
included
now
of
the
in
Georgia
the
Consideration
Public Service
(1)
ceivers'
—V.
1944—Month—1943
$1,657,561
—_—_
160, p. 229.
July 1, '44 July 3, '43
sales
$16,054,503 $16,154,268
—
Materials,
wages,
salaries, repairs,
local
etc.
taxes,
;—11,600,940
_
Depreciation
Distribution,
Gross
Other
498,766
administrative
and
including freight paid
penses,
11,419,609
profit
income
general
on
r
517,322
2,345,485
2,571,154
$1,609,312
$1,646,183
ex¬
goods sold.
——
:
70,764
Prov. for Fed. & State inc. & capital stk.
Prov. for Fed. excess profits tax (10%
43,648
$1,680,076
Earnings before Federal txaes__._„
$1,689,831
619,085
taxes
596,927
Net
deducted)
earnings
Dividends
_
on
assets
and
—
(3)
$10,343,247
$9,603,338
consisting
will
be
of
settled
$41,493,169
of
by
Seaboard Air Line
ICC—
Line
the
Commission
on
reorganization
Aug. 12 approved the pro¬
plan for the Seaboard Air
Railway.
«J!P!Sf<ic a5H°n au^°fizing the
and giving details will be
The
ICC
decision
found
lss"ance of $85,000,000
issued later.
that the record
supports
new
the issue
bonds
of
the
qn«CU,!f HkL aii,d assumption of obligations in the amounts and
substantially of the character proposed, viz.:
.
(6)
A
as
The
stated
obligations
and
to
the
and liabilities, under the
extent contemplated
by the plan:
terms and
♦hia2«
Jr and Henry
Anderson, as receivers of
jf™
<ne ;y" as, guarantors, in respect of not exceeding
fSi'ir®cejvers equipment trust certificates, and of such
additional receivers
k
equipment
her
Jin
au
zed y
trust
certificates,
the
guaranty
of
Commission prior to the entry of
an
(b) Of the Seaboard Air Line
Ry. or the receivers, or both, as guar¬
and lessees, in respect of the
following securities:
(1) Birmingham Terminal Co. first
mortgage 4% bonds, $323,333;
antors
■
2' Jacksonville Terminal Co. first and
$100,000,
refunding
and
Seaboard
Line Co. Section 210 Loan Deficiency Claim
Nov.
;
extension
be
paid when due
or
when
conditions
of payment
are
proposed
capitalization
or
and
the
rental,
Rentals
and
Assumed
miscellaneous
charges undisturbed
j
Undisturbed receivers' equipment trusts___
$11,870,000
First mtge. 40-year 4% bonds, series A_^
32,500,000
fixed
debt_L_.
interest
Total annual fixed charges
Discretionary Charges—
Capital fund, not in excess of
railway
operating
revenue,
Profit
5%
bonds,
series
A,
._
Other income
Total
and
indicated
whichever
is
greater
(less
such
amounts
"
as
,
discretionary
(net)__,
325,000
interest on in¬
mortgage bonds
Contingent Interest Debt and Charges—
Income mortgage 50-year 4'/2% bonds, series A
52,500,000
Sinking fund for income mtge, bonds, series A
______
2,362,500
262,500
contingent debt-_____.
$96,870,000
charges before dividends______
——L
$6,321,000
income
fixed
Total
annual
Preferred
-—•
stock, 5%
($100 par)
15,000,000
Total
par value of securities
Total annual charges against
ing
preferred
Common stock
stock
750,000
$111,870,000
income, includ-
dividends™
______
(no par), $100 stated value____
Total
capitalization
$7,071,000
85,000,000
_$196,870,000
30,201,549
1,485;925
19,037,930
1,321,246
11,250,609
10,896,318
3,041,567
6,000,000
2,148,425
11,200,000
8,423,448
3,471,941
$0.65
$0.26
1.721,177
10,894,446
holes
1,287,415
tax____ 111,500,000
1,117;677
5,000,000
income
-
profit
Earns, per sh.
1,500,000
___—
15,364.206
__________
on
►.
.
facilities
Net
9,536,952
———
com.
$0.76 V
$1.30
of
inter-company
Notes—U) Equity in undistributed current gains and losses of con¬
companies, not consolidated, for the six months ended June 30,
amounted to $2,680,000, as compared with $275,000 for the
______
v.-Ca 'V-'.'
.similar period of 1943.
Y.
No provision has been made in
(2)
with
the above statement in connec¬
departments and agencies
renegotiation of contracts with
Of U. S. Government.—V. 160, p. 471.
r'!
Solar Manufacturing
Corporation
3,696,000
and
18,130,107
907,823
28,270,252
and
.
Co.—Financing Arranged—
C
-!
has made arrangements with a banking syndicate headed
by Van Alstyne, Noel & Co.; for the sale of 90,000 shares of series A
($5 par), according to a registration statq-
•convertible, preferred stock
/ment filed
with the SEC Aug.
Proceeds
Total
3.305,455
._
sales,
inter-company • transportation
charges and U. S. Federal and State gasoline and oil taxes,
tlncludes
excess profits tax.
■
$1,950,000
charges
98,686,552
29,669,284
532,265
trolled
Total annual charges prior to
come
|i
-1944.
1,625,000
______
1
■>.
1941
27,379,743
890,509
39.251,629
1,431,089
tion
1%
Bonds-r-
161,106,780 121,810,900 114,333,950
stock
•
Sinking fund for first mortgage bonds, series A,
Total
1942
1943
1944
11,474,374
war
--
' -.VYa'-'/Y
be available for capital expenditures by
of depreciation of road property)___i
^
(& Subs.)—Earnings-
Res. for add'l deprec on
Annual
f
reason
dated
a
42,557.084
Charges
Int. & Div.
$110,000
336,000
1,300,000
,
$1,625,000,
or
670.
amort.___
-
total
p.
and
dry
;
,
of
160.
deplet.____
Cancel, lease, aband. &
$1,746,000
;__
3 XU %
mortgage "gold bonds,
200,358,409 149,190,643 144,003,234 116,816,659
Costs, oper. & gen. exp.
complied
$44,370,000
___
Canada.—V.
income
oper.
•Exclusive
Total
second
$
*Gross
Federal
by New Co.
B
1,
100
Sinclair Oil Corp.
interest,
To Be Issued
at
outstanding
Vancouver,
Deprec.
annual
March
1944,
6 Mos. End. June 30—
Capitalization
l, 1944, of the new company are
due
1,
the
of
Interest
dividend charges as of Jan.
below:
outstanding series
1929,
4J/2%
first (closed) mortgage bonds due
Jan. 2 in 1945, 1946, 1947 and 1956, have been called for redemption
as of Sept.
30, 1944, at 103 and interest.
Payment will be made at
the Bank of Montreal or at The Royal Bank of Canada in Toronto,
Hamilton, London (Ont.), Montreal, Saint John, Halifax, Winnipeg
with.
Proposed
the
Sept.
—
general mortgage 5% bonds,
mortgage
-*•'
Silverwood Dairies, Ltd.—To Redeem 4V2%
;
^
of
21,
of
All
Unpaid Interest Not Included Above—A total of $522,897, which
(7)
to
of. the Seaboard
1951. have been called lor redemDtion
and interest.
Payment will be made" at
The Louisville Trust Co., trustee, Louisville, Ky.
as
which is to be settled by the issue of
$159,848 of Various securities.
is
Railway in the plan of reorganization
Railway Co. as modified.—V. 160, p. 670.
(The) Seelbach, Inc.—Bonds Called—
All
-
^
«ii
order
v
abqye.
Seaboard-bay
indebtedness of $349,063.
total
may
_(1) Issue of not exceeding $32,500,000 first mortgage 50-year 4%
r^V^l52'500'000 of income mortgage 70-year 4V2% bonds,
;
of preferred stock 5%, series A (par $lp0), and
2
of common stock (no par), but with a stated value of
a
™^rtanu 8
additional shares of common stock not exS.W0 shares as may be necessary to comply with the conIn rtthpSf
vCOm1 morteage 70-year 4>/2% bonds, series A,
8i0ckuS1serAes A< that may be issued under the plan.
conditions
the
total of $188,084,979, con¬
sisting of $94,115,500 of principal and $93,969,479 of interest, will be
settled by the issue of $113,617,192 of various securities.
(4) Seaboard Collateral Trust Obligations—A total of $37,194,943.18,
consisting of $21,318,153 of principal and $15,876,790 of interest, will
be settled by the issue of $27,275,612 of various securities.
(5) Subsidiary
Railroad
and
Terminal
Companies,
Properties of
Which Are Operated by Receivers as Part of the System—A total of
$25,215,806, consisting of $12,851,000 of principal and $12,364,806 of
interest, to be settled by the payment of $2,664,850 cash and the issue
of $2,454,179
of various securities.
Included in this group are the
Seaboard-All Florida Lines, the properties of which are to be acquired
by foreolosure of the first mortgage. instead of by issue of securities.
Total claims against these properties amount to $16,214,103, consisting
of $7,659,000 of principal and $8,555,103 of interest.
The remaining
claims, totaling $9,001,703, consisting of $5,192,000 of principal and
$3,809,703 of interest, will be settled by the payment of the cash and
3,330,527
Ry.- -Capitalization Approved by
'•h® Interstate Commerce
capitalization in
Assuming that the changes indicated above will be made in the
we find that the record supports the capitalization proposed by
Air Line
securities.
or
_
re¬
$30,103,000 of principal and $19,364,526
the payment of $2,919,440 of cash and
various
Total Fixed Interest Debt—
posed
-
plan,
Seaboard General Mortgage Bonds—A
The
2,920,581
—______
———
159, p. 2014.
$665,247
$0.99
Current Liabilities
__—______
iSC.S
ure?rrt
—V.
128,617
$645,747
$0.96
share______
Current Assets
Current
$793,864
127,006
shares.
common shares__„„___
common
276.882
$772,753
_______________—______
Net earnings for
Earnings per
310,396
•
preferred
of
securities
post-war
credit
$49,467,526,
interest
issue
of
mortgage
Seaboard Underlying Divisional Mortgage Bonds—A total amount
of
Co,—Earnings—
6 Months Ended—
Net
of
first
f
4
>
equipment trust certificates will be assumed by the new com¬
of
1944—7 Mos.—1943
$1,320,468 $11,969,931 $11,021,782
"
Scott Paper
%
pany,
(The) Schiff Co.—July Sales Increased 25.53%—
Period End. July 31—
of Properties
following securities are to be dealt with in the plan:
"
Obligations of Receivers—A total amount of $11,870,000
the
findings herein will be based upon the assumption that the
changes in the plan are to be made.
No order will be entered
at
this
time, since the proposals now before us are in a
.formative state and much remains to be done before the plan can be
consummated and before we can make the findings necessary to the ,j
granting of the required authority.
4
acquire the properties and rights the new company proposes to
presently $5,584,290 of cash, and to issue securities and assume
obligations and liabilities as outlined above.
The
of
Our
To
(2)
Sales
Acquisition
fixed
herein
use
company's
160, p. 51.
for
of
above
both.
operated by it or its receivers, or in possession of either or
or
payment
„
term
The
...Savannah Gas Co.—Declaration
the
the'record we are of the opinion that the
bonds should be extended to 50 years
and that of
the income mortgage bonds should be extended to 70
years;
We also are of the opinion that the sinking fund payments
for the first mortgage bonds and the capital fund payments should
be made mandatory, instead of discretionary as proposed in
t|^e plan,
and so indicated above, if earnings are available therefor,
j- 4.
;
'
consideration
Upon
payments in amounts equivalent to interest,
dividends, or sinking fund instalments on the above-named securities,and to exclude any obligation of the old company or the receivers, or
both, in respect of the principal of, or interest or dividends or sinking
on
for
-
'
only to rehtal
instalments
available
'
of the Atlanta Terminal Co.,
to
property
•
1,050
Tampa Union Station
the
all-time high
an
■
and
Line RR..
to
returns of the war period, the annual average will be as previously v'
stated, $7,658,317, which supports the applicant's forecast of $7,498,000 ■
as
the earnings which might reasonably be received in the future
under ordinary conditions. > The average annual earnings during the
entire 18-year period were sufficient to yield a return of 4'/2% on a
capitalization of $199,214,000.
Annual earnings determined by the
basis of an adjustment, eliminating those of abnormally high and low
years, were sufficient for
a
return of 4V2%
on $170,185,0004' The
applicant's forecast of normal annual earnings, if realized, would make
available earnings sufficient for a return of 4,/2% on a capitalization
of $166,622,000.
'
Clearly, the total of the proposed capital liabilities of the applicant
is supported by the showing in the record regarding investment in and \
probable rate-making value, on a physical basis, of the property to be
continued in transportation service.
There is also support for the
proposed securities from an earnings standpoint.
As previously shown, :S
the proposed capitalization will require for all annual fixed charges
not to exceed
$1,746,000.
The applicant's forecast of $7,498,000 of
earnings available would therefore exceed such charges by 45,752,000.
A Proposed capital and sinking funds for first mortgage bonds, to be
\ paid when earned, amount to approximately $1,950,000.
The earnings
remaining after fixed charges^ reduced further by this amount, would
.be $3,802,000. ^Income mortgage interest and sinking fund, amounting
to $2,625,207. would reduce to approximately $1,177,000 the earnings
remaining and available for dividendsIf $750,000 be required for a
5% dividend-on the preferred stock, there would remain $427,000 for
dividends on the no par common stock.
-
capital stock (par $100) of the Durham Union
shares of capital stock (par $100) of the North
Charleston Terminal Co.; $600,000 of first mortgage 4% bonds of the
Savannah Union Station Co.; 300 shares of capital stock (par $100)
Co.;
Station
fund
V. 160, p. 123.
Belt
from
years have ranged from a low of $697,800 in
of $34,057,113 in 1942, with an annual aver¬
age of $8,964,644.
If such earnings are adjusted by the eliminating
of
abnormally low returns of the depression years and the high
1932
respect of $200,000 of first mortgage 5% bonds of the Athens Terminal
Co.; 1,500 shares of capital stock (par $100) of Birmingham Terminal
the Atlanta Terminal Co.,
A. C. Jensen, who has long been associated with the company,
years.
Portsmouth
&
Norfolk
Co.; $60,000 of first mortgage 5%
.
Earnings
-
^charges for the past 18
$210,000 of first mortgage 4% bonds of the Tampa Union Station Co.;
(4) To assume the obligation and liability of the old company or
the receivers, or both, as lessee by lease or operating agreement, in
of
corporation announces the promotion of C. A, Lappe to the
offices of Secretary and Treasurer.
Mr. Lappe has been Assistant
Secretary
the
*
and equipment of $243,140,330.
The proposed capitalization of
new
company in the total amount of $196,870,000 is, therefore,
materially less than the indicated investment of the old company or
the probable rate-making value of the physical property to be acquired.
$100,000 of first and general mortgage 5% bonds,
and extension mortgage 5% bonds, series A,
$1,100,000 of refunding and extension morgage 6% bonds, series B,
and
$400,000 of refunding
and extension
mortgage 4J/a %
bonds,
series C, all of the Jacksonville Terminal Co., $420,000 of l,/2% serial
of
this time.
road
Co.,
notes
be unnecessary at
the
oi refunding
promissory
to
of the single-sum value for rate-making purposes plus
in investment in property from the date of valuation to
31, 1943, is $217,727,984. - The recorded investment in road and
equipment on the same date was $281,759,683.
If therefrom there be
deducted accrued amortization of defense projects and depreciation *i
; aggregating $38,619,353, there remains a depreciated investment in
bonds of the Birming¬
$1,940,000 first mortgage 4%
seems
amount
increase
Dec.
the plan, the obligation and liability of Legh R.
Henry W. Anderson, as receivers of the old company,
in respect of not exceeding $11,870,000 of receivers'
Terminal
$2,400,000
(
Safe Harbor Water Power Go.—Officials Promoted—
The
an
by
and
guarantors,
ham
of 50% of the
January, 1938,
The
filed
it also
date
same
lowing securities:
,
The petition on the Ogdensburg issue asked liquidation of partially
unpaid interest due in January and July, 1937, and in January, 1938,
and also seeks payment of the full 2% interest due on the July, 1938,
coupon.
The trustee of the issue holds $88,000 received in dividends
on Rutland Transit Co. stock, part of the collateral behind the issue,
which would be applied to the July, 1938, coupon.—V. 160, p. 571.
discussion of that evidence
the
equipment trust certificates, and such additional receivers' equipment
trust certificates, the guaranty of which may be authorized by us
prior to the entry of an order herein;
(3) To assume, under the terms and conditions and to the extent
contemplated by the plan, the obligation and liability of the old com¬
pany or the receivers, or both, as guarantors, and as lessee (except as
to Norfolk & Portsmouth Belt Line RR. notes), in respect of the fol¬
Aug. 30 on
road,
Jr,
Powell
Set—
Rutland RR.—Interest Hearing
.
to 675,000 shares, as may be necessary to comply with the conversion
rights of the income mortgage 50-year 4Vz% bonds, series A, and the
preferred stock, series A, that may be Issued under the plan;
:
(2) To assume, under the terms and conditions and to the extent
as
£
the
contemplated
„
,
•
.
of
On
available
the
.
application seeking authority
(1) To issue, under the terms and conditions and to the extent con¬
templated by a proposed plan of reorganization, the following securi¬
ties, not exceeding $32,500,000 of first mortgage 40-year 4% bonds,
series A; $52,500,000 of income mortgage 50-year 4J/2% bonds, series A;
$15,000,000 of preferred stock, 5%, series A, consisting of 150,000
shares (par $100), and 850,000 shares of common stock (no par); and
to issue from time to time such additional shares of common stock up
Co.
Period End. July 31—
SalS
'
{
f
for fixed charges of $8,964,000.
If the income re¬
abnormally low years of 1932, 1934, 1935 and 1938, and
abnormally high years of 1942 and 1943 be eliminated, the average
annual income available for fixed charges will be $7,658,317,
A witness for the applicant testified that the net income available for fixed
:
charges in the year 1940, adjusted to include the additional returns
from
increased
traffic
and
reduced
maintenance costs,
would be
$7,498,000 per annum.
This amount is considered by the applicant as
representative of the earnings available for fixed charges for the A
V;. present and foreseeable future, which view we accept for the purposes
of this report.
The witness testified in detail regarding the bases upon
which he considered the 1940 performance of the receivers of the old
company would be affected both by prospective increases in the volume
of traffic and lessened expenses for
operation resulting from improve; ment of plant and
equipment made in recent years. However, further
newly organized company incorporated for the
a
the
The
ceived for the
'
engaging in interstate commerce, on March 9, 1944, ap¬
plied for authority to acquire certain properties and interests in prop¬
erties of the Seaboard Air Line Ry., and on the same date applied for
authority to acquire from the old company or the receivers, or both,
certain stock interests and indebtedness of the Baltimore Steam Packet
Co. of
business of the Stokermatic
Lake City, Utah, makers of automatic coal stokers and
water heaters and basement furnaces.—V. 160, p. 470.
The
report of the Commission states, in part:
purpose
Co.—Further Expansion—
Rheem Mfg.
income
mortgage
Seaboard Ry.,
The
15.
of record Aug,
first
The
stock, no par value, payable Sept. l to holders
This compares with 50 cents paid oh April 1, last,
75 cents on Aug. 1.1943; 50 cents on Dec. 28, 1942, and 30 cents on
Dec. 20. 1940.—V. 160, p. 229.
outstanding
-
following
Athens Terminal
$100), and Atlanta Terminal Co. first mortgage 4% bonds, $1,600,000,
and 1,500 shares of capital stock
(par $100).Y..Y
25-Cent Dividend—
dividend of 25 cents per share onthe
Reynolds Metals Co.—To Pay
'
both.. as
the Seaboard Air Line Ry., or the receivers, or
lease or operating agreement in respect of the
*
by the new company shows the income of the
18-year period from Jan. l, 1926, to Dec. 31, 1943,
annual income
available for fixed charges
for the
period was, in Qrder, $14,560,040, $12,852,122, $12,354,132, $12,094,330, A
$6,754,033, ' $3,038,164
$697,800,
$3,072,669,
$1,980,912,
$1,787,931, $3.850,1231 $4,120,227, $1,778,525, $3,909,978, $4,700,319, $10,592,465, j
$34,057,113 and $29,162,712, which is equivalent to an annual average ^
'
5%
bonds, $200,000; Birmingham Terminal Co.,
1,500 shares of capital stock (par $100); Durham Union Station Co.
first mortgage 5% bonds. $60,000, and 333 shares of capital stock (par
$100); North Charleston Terminal Co., 1,050 shares of capital stock
(par $100); Savannah Union Station Co. first mortgage 4% bonds,
$600,000; Tampa Union Station Co., 300 shares of capital stock (par
directors
The
by
for
system
securities, insofar as rental payments are involved:
Co.
this year, and on April 2, July 2, Oct. 2 and Dec. 20, 1943 _
also declared the usual quarterly dividend of $1.50
July 3,
Of
lessee,
Earnings from the Property
.
-inclusive.
"
(c)
_ents
like
V
A statement furnished
/ ■■
Tampa Union Station Co. first mortgage 4% bonds, $210,000;
as guarantors in respect of Norfolk & Portsmouth Belt Line RR.
promissory notes. $420,000;
;Y"' ■; '
•./•••' a
(3)
6% cumulative
dividend qf 25 cents
the same meeting,
At
$400,000;
aside on Oct, 2,
authorized the setting
15
Aug.
on
next, of $300,000 to purchase fund for the purchase of
convertible preferred stock, in accordance with the
refunding and extension mortgage 6% bonds, series B,
refunding and extension mortgage 4*/2% bonds, series C,
$2,400,000,
$1,100,000;
$300,000 in Purchase
Dividend—
Republic Steel Corp.-—-Sets Aside
Fund—Declares Regular
-shares
of
will
received
to
be
be
used
for
by
15.
the company through the sale of these
working capital; for mechanization
additional
factory operations; and
for reconversion of factories to peace-time
operations. The company will develop and exploit power factor correc¬
tion capacitors, fluorescent light capacitors and ballasts, and inter¬
ference eliminating devices for the industrial field.
*
The company's products are being used by leading manufacturers
'and service "organizations in the fields of radio, television, public safety
equipment, Dublic health devices, home appliances,
transoortation,
power
supply and distribution, electrical control equipment and in
other fields.
The company
experienced no serious problem in adapting
'
Volume
itself
production and,
war-time
to
THE (COMMERCIAL
Number 4309
160
similarly, it anticipates
serious
no
in readapting itself to peace-time activity.
sales of the company for the year ended Dec. 31, 1943, amounted
,/* to $11,338,457, more than doubling the $5,441,064 reported for 1942,
Jf.Net
For
•■:!!;-
2311.
(p.
of 1944 sales aggregated $4,762,538.—V.
the first four months
Y"
v
Accrued
for
V
(146,699 shares,
surplus
.9J
D. A. Del Rio, Vice-President of Central Hanover Bank & Trust Co.,
-V.
The
.With
Operating
Chicago
the
/ Sept. 1.*; Distributions of 25 cents each were made on March 12 and
June 13, this year, and it was announced that "it is anticipated that
159,
2124.
p.
:"W
'
"
income
See
Electric
$2,561,488
12,000
revenues
revenue
oper.
Co.—Earnings—
Qpreating
taxes
1944—6 Mos.—1943
i
476,860
.'
r
'■•'>■ $303,980
Net income
.' 210,935
—V. 160, p. 365; V. 159, p. 2679.
.
.
2,517,768
t
|
$1,820,186
< 1,189,813
The
/
on
above.
Co.
-V.
159,
$1,964,657
1,292,799
Commission
erties
to
natural
southeastern
in
located
in
used
Texas
the
The
week
last
operating companies in
the week ended Aug.
the
for
compared
as
year,
with
decrease
a
1944—Month—1943
of
operation
of
the
of
the
used
1934,
The
first
Co.
&
as
Sahyun
Division
'Divisional
as
the
rate of
stock
on
Net
160,
of
the
system,
towns
and
the
termed
located
close
Y Yi;.7'7s
Southern Union proposes - to acquire: all of the capital stock of .a
new corporation ("New Company")'to be organized
in Texas, being
97,170 shares of common, stock (par $1} for; a cash consideration of
-x
.
,
declared
a
share
one
of
common
stock
1943
as
;■
•
$350,000.
common
10
Southern
then
Union
sell to
to
proposes
the
new
existing
with
purchase
gas
South
the
reservations used in
and
contracts
District
Texas
the
to
new
issued
in
lieu
is
payable
on
Sept.
of
a
20,
1944,
$500,000 of first mortgage 3%%
'-
of
"holders
of
*
its
amendment
stock
common
instructions
t Union.
v
-
the
to
new
company
Union
Southern
transfer
and
Such
the
its
of
instructions, will
Southern
bonds
stockholders
stock
have
provide
been
that
the
after
made
new
Southern
company
for
160,
p.
may
with
of
independently
bonds,
the provisions
of
the
of the indenture.—V.
sinking
fund,
Incorporated,
Co.
last
1944
1943
$6,648,245
1,310,203
$3,899,640
$5,338,042
254,626
248,772
$4,154,265
126,999
$5,586,814
v
90,989
series
a
of
individual
the factory
1901.
compensation from
Aug.
on
usual
dividend
quarterly
year.—V.
158,
and
Canadian
earned
1,857,000
surplus
—
$34,639,372 $33,017,578
273,777 273,777
dividends
>.
——
dividends
1,197,140
—_
1,196,772
at end of period-——$33,168,455 $31,547,029
surplus,
share
common
per
refundable
$1.58
—
$1.98
1944, $76,000;
portion of excess profits taxes
Balance
1943,
x944
June 30,
Sheet,
U. S. Govt, securities
at cost (tax notes,
,
for doubtful receivables of
$784,218), $6,682,670; inventories, $6,908,533;
portion of excess profits taxes, $890,000; plant and equip¬
(net), $33,312,904; deferred charges, $1,503,756; total, $80,955,294.
refundable
ment
with
Liabilities—Accounts
dividends payable, $735,$1,480,114; Federal
for contingencies,
$876,766; reserves for insurance and guarantees, $298,725; 7% cumu¬
lative preferred stock ($100 par), $7,822,200; common stock ($20 par),
$23,942,800; paid-in surplus, $5,831,447; earned surplus, $33,168,454;
total, $80,955,294.—V. 159, p. 1081.
(
459;
for the performance
accrued
and
Canadian
payable,
taxes
$1,483,147;
miscellaneous
and
expenses
taxes,
$5,316,182;
income,
on
reserves
States
of
Plywood
Corp.—Earnings, etc.—
4
Approximately 75% of the present volume of this corporation con¬
of regular products which, while devoted to war purposes, will
involve no reconverfion problems, according to the annual report for
the fiscal year ended April 30, T944, now being mailed to stockholders.
?"Of
our
production," states Lawrence Ottinger, President,
"25%
is of specialized technical type and, with the exception of certain prod¬
ucts which will be required for occupational forces, will probably be
per
sists
■
cancelled
"It
25
is
when
the
ends.
war
that
believed
and
products
new
this
the
.
of
loss
;
will
volume
of
conversion
of our distributing
Expansion
be
replaced
rapidly
by
facilities to commercial use.
achieve full national cover¬
our
facilities to
and will be carried forward as circumstances
.-j.; ."V'
/;.v-v
:'iy
Ottinger said, cancellations involving substantial
amounts have been balanced by new business as changes in the re¬
age is fully
permit."
Thus
far,
planned
-
,
Corp.—Large Tanker Contract—
.
Mr.
■
Commission on Aug. 9 .announced contract
awards for the construction of 20 30,000-barrel tankers and four C-5
sales
Net
Income
Net
C
1944
—:
-
..
,
Fiscal Years Ended April 30—
8. (Maritime
U.
$2,645,825
30,371,753
32,469,105
—
quirements of our armed forces have developed.
The
2,850,000
$2,170,266
——
—
Assets—Cash, $11,091,761;
discussions
dividend of 25 cents
a
2476.
p.
anti-trust suits,-
Federal
159. p.
declared
16
estimated
$6,430,252; other (short-term), $13,387,046), $19,817,299; other Govt,
bonds, at cost, $748,372; accounts and notes receivable (less reserve
be
not
Todd Shipyards
(L. S.) Starrett Company—Annual
the
$5,035,041
1,135,402
depletion
operations
Consolidated
in
159, p. 1699.
include
(& Subs.)—Earnings—
—
471.
cents per share was recently
declared on the no par common stock, payable Aug. 21 to holders of
record Aug. 11;
An extra of 25 cents and a quarterly of like amount
were paid on this issue on May 22, last.
Total to date is $1 per share.
Extras of 25 cents each
were disbursed on Aug.
23 and Nov. 22,
Union further proposes to deposit the entire consideration
the
sale
of
the properties
with the trustees for /its
retirement
receive
directors
The
certificates
Si
Morgan
surplus
"Less
J! Sylvania Industrial Corp.—25-Cent Dividend—
irrevocable
by
from
accordance
.
the
new
United
a
231.
p.
from
United
Union common stock.
The
will agree to distribute its
pay cash at the rate of $3.50 per share in lieu of issuing
for fractional shares of stock in making the distribution.
received
jt
that
states
company
distributable to
ratio of one "Share of theJ
new
the
in
of Southern
10 shares
on
$177,000.
share
on the common stock, no par value, payable Oct. 2 to holders of record
Sept. 20.
A like amount was paid on April 1. and July l. this year;
and on April 1, July 1, Oct. 1 and Dec. 20, 1943. "An extra of 25 cents
was also disbursed on Dec. 20,
last year.—V. 159, p. 2457.
sinking fund bonds.
the
of
stock
common
for each
company
r
stock
common
followed
will
plan
new
The
W Southern Union further proposes to declare a dividend of the 97,170
? shares
P.
J.
profits for period
Earnings
or
Sylvania Electric Products, Inc.—25-Cent Dividend—
Southern Union and Production Company by the issuance and sale of
of
resident
capital
O
Have Direct Dealers—
of certain wholesale functions.—V.
nominal
hearing
SEC
an
income
Balance,
fractional
1934, to holders of record at the
1944.—V.
Aug. 30,
on
announcement
will
ture,
connection
for
company
■'ft consideration. The new company proposes to secure additional funds
] fpr the purchase of the physical properties and other assets from
during
operations
depreciation and
for
on
Common
throughout the country;
entirely operative until one year after
automobile production has been resumed.
Former distributors, except
for a few who fail to meet
the qualifications, will become "central
dealers" and. during the first year of resumed automobile manufac¬
company
District
com¬
program
The
a cash consideration of $800,000 arid
Production Company will assign all Its . rights and interests under its-
known
profit
Preferred
stock
shares of
the
on
each
registration of the shares to be issued is effective
as
Securities Exchange Act of
business
for
members of the company's dealer organization
the South. Texas properties for
,
a
The
.
the
for
extension of time in which is comply with the
to recapitalize on a single stock basis and
from
for
Previous
Stock Distribution
dividend
be
dividend
stock
common
will
Scrip
Studebaker Corp.—To
-
Y
160,
profit
Net
designed to place its dealer organization and itself in a
position "to take full advantage of post-war opportunities," the
corporation announced substitution of direct dealers for its present
system of merchandising through distributors,
counties
Court
company
beside
671.
p.
10
outstanding.
The
of
In
Texas District-," serving eight cities and ■
of Austin, Washington, Grimes, Waller
"South
the
In
Colorado,. Texas.
District
S.
income
taxes
17 by James
with Stearns
Aug.
Sahyun has been associated
director of biochemical research and since
Aug.
on
thereafter
soon
'
made
the
Expense arising from Federal
Vice-President
announced
was
Dr
research.—V.
directors
under the
physical properties and other assets located in southeastern Texas
in connection with the operation of the natural gas distribution
U.
and
funds
holding company.
a
profits
Other
$2,772,617
5
i
the
United States Gypsum Co.
Provision
$2,972,707
Corp.'s
•"
year's
a
estates.—V.
Total
as
in
in
itself, several Morgan partners, the Commercial Enter¬
Corp.,-Thornc Loomis & Co., Inc., and the executors of five
•Provision
Melville
Dr.
President.
shares.
are
Morgan & Co.
charging United
inter-company dealings.
$100,000,000,
12,
kwh.
2.5%.—V. 160,
194,522,000
1944—7 Mos.—1943
$378,891
$392,548
v
Stearns
Jr.,
mon
distribution system termed the South Texas District.
gas
proposals
utility
system
Stokely Brothers & Co., Inc.—10%
summarized as follows:
YYAs a step in further compliance with the order of the Commission
; dated Sept. 19, 1942, Southern Union and Production Company propose
to divest themselves of all interest in, and all ownership and control of,
•
Co.
kwh.,
corporation has sued J. P.
for
Corp.
prises
'
at
an¬
equity, he said he sued in his own behalf and in behalf
"who may elect to come in and contribute to the
was
for
United
Co.—Weekly Output—
public
Electric
———
director of
r
buyers
sales,
160, p. 230.
since
„
store
director of
6 Months Ended June 30—
sales
Hill,
an
department
Gragg,
of this action."
suit
to be
cease
1190.
p.
in
SEC's order to
Sterling Drug Inc.—New Official of Subsidiary—
its subsidiary, Southern Union Production Co.,'
amendment with the Securities and Exchange
the plan to divest themselves of all interest in prop-
filed
4
the
of
&
189,751,000
corresponding
Frederick
and
company
Aug.
output
Gas
Election
|
B.
■
Net
2,914,883
,
$311,826
201,262
income
oper.
.
|;('i Southern Union Gas Co.—Amends Plan—
"«
Insurance
Period End. July 31—
Net
B.
671.
p.
Suit Charges Wasteful Intercompany
wasted"
filed
was
bill
a
expense
Sterchi Bros. Stores, Inc.—July Sales Up—
Y
$2,498,091 $14,973,491 $14,401,511
1,709,405 -10,635,537
9,521,971
499,113
>
■
,
Net
/(,:
7,472,069
'
$2,502,091 $15,025,491 $14,414,511
4,000
52,000
13,000
$2,549,488
•
1,746,395
Operating revenues..
Operating expenses
>
7,721,155
Net
—V.
i
$9,408,327
891,244
suit
The
Life
totaled
the
from
reconverted
of other stockholders
671.
p.
•
1944—Month—1943
Period End. June 30—
Operating
7
$9,480,736
1,324,725
-J
Aetna
1944,
field,
160,
the
of
stock.
670.
P.
Standard
service after being
manufacturers,
serve
—
defendants
Defendants,
for
■
Southern New England Telephone
Uncollect,
4
$1,157,107
Standard Gas & Electric
•
'
f
$1,551,910
Standard Fire Insurance Co.- -Mid-Year Report-
"
>>•
to
mercantile
"wrongfully
request
declared in the last quarter,
making a total dividend of $1.25 per share on the common stock, the
same amount which was paid
in 1943."
Last year the company made the following payments on the com¬
mon stock:
March 31, June 30 and Sept. 30, 25 cents, each; and Dec.
24, 50 cents.—V.
the
week.—V.
stockholder
In
income,.
oper.
160,
placed in
Delaware by Edward R. Downing, who described himself as "a
of
Massachusetts"
and
holder
of
2,500 shares
of United's
dividend of 3714 cents per share may be
a
cities
in
last
other
were
$12,433,610 $11,355,074 $73,400,937 $67,074,875
7,539,434
8,516,011
45,151,537
42,162,684
V——3,342,266
1,681,956
18,768,664
15,503,864
taxes
stock, par $7.50, payable Sept. 13 to holders of record
common
A
43
revenues,,
Operating
—V.
jp
1944—6 Mos.—1943
$12,454,754 $11,385,750 $73,542,513 $67,263,006
21,144
30,676
141,576
188,131
expenses
Net
26%
or
Dealings—
The
Pay 37y2-Cent Div.—7.
Co.—To
Gas
other
42,776,500,
accounted for much of the increase, Mr. Morrier said
Lines is re-establishing complete mercantile divisions in
principal
nounced
Co.—Earnings-
1944—Month—1943
v
revenue
Operating
Net
Southern Natural
oper,
Operating
the City National
The directors on Aug. 15 declared a dividend of 37V2 cents per share
v
all
totaled
2679.
revenues,,,,
Uncollect,
Y
'
j
V;
2,863,645
airplanes,
use,
Air
United Corp.
canceled its transfer and registry arrangements
Bank & Trust Co. and the First National Bank,
has
company
v
159, p.
Period End. June 30—
both of Chicago, and has appointed the Corporation Trust Co. of
Wilmington, Del., to act in their stead. -v'":Y: Y:/'Y 4/ Y;Y; 'YY,
t
^
1,964,433
—$10,562,468 $11,819,963
Southwestern Bell Telephone
r-:.■.!
;'Y.'.v.
i:VY Y':.'YYY\Vi'
South Shore Oil & Development Co.—Cancels
*. Transfer and Registry Offices—-
}
Additional
United
month
July, 1943.
Airplane miles totaled
against 1,678,680 during July last year, an increase of 39%,
as
military
and
jn and Edgar W. Leonard, a member of the firm of Moore, Leonard &
Lynch, both of New York, have been added to the board of directors.
This increases the board from 10 to 12 members—V. 160, p. 123.
4\
2,614,590
350,000
2,965,309
1937
1,
Total
;
1,466,990
1,964,433
_/
Operating surplus from July
)
par),,
no
:
passenger miles in the
the 33,819,935 flown in
than
more
$515,263
4,659,632
350,000
1,466,990
taxes
South American Gold & Platinum Co.—New Directors
.
•'
$337,861
3,477,875
expenses
State and town
contingencies
stock
Common
Capital
" '
Revenue
payable* and accrued
Federal,
Reserve
159,
771
Liabilities—
.
Accounts
problem
1
& FINANCIAL CHRONICLE
1943
$20,563,000 $19,070,000
$757,406
"913,742
—
'
During the year an agreement was made with the U. S. Government
to
refund
bulk dry cargo vessels—all of new
type
14
building
to
the
of
refund, the net amount payable was
;
t
June
refund
post-war
30,
of
Statement of
Selling
and
Additional
'i'.*.-••••.•>
V '
general
..Y':Yv
Operating
Other
'
profit
from
;
i
—,
Bethlehem Steel
1943
Cash
bad debts,
discounts,
U.
but
assigned to
•;
Net
•
V'*
excess
income for
963,839
then
new
without
basis
and
maintenance
$3,951,787
$5,585,671
Act,
the
of
nation's foreign
a
;/
r
31,580
Union Bag
directors
The
5,870
22,883
$3,985,713
:
V' '-'i
last,
212,301
4,318,000
Y'"'/• ••V''
1
after taxes—
1
Aug.
15
no
like
A
declared
value,
a
par
Operating
surplus
of
amount
was
and Dec. 27, 1943,
The previous payment,
share, was made on Dec, 11, 1942.—V. 160, p. 671.
Nov.
on
15
It
also
The
$1,084,123
>.
excess
$744,587-.
profits tax.
278,600
credits,..
—
$1,023,187
ICC
on
liability,
and
100,000
for
Co.
$984,123
Aug.
7
authorized the company to assume
in respect of not exceeding
guarantor,
as
Insurances
sold at
404,390
equipment.
1
obligation
$8,120,000
96.073
$1,695,940
476,771
440,097
$101,663
1,607,801
response
Stuart
basis,
be
surplus,,.
Operating surplus at beginning of year
Net
increase
in operating
Operating surplus
end of
at
$2,965,308
year
$2,863,645
Comparative Condensed Balance Sheet, June 30
„•
U. S. bonds, at cost (market value, $220,563)—
Accrued interest on U. S. securities
Accounts
.
receivable, customers
Annuities,
as
trustee,
and
$958,398
2,100,000
$1,259,988
2,500,820
220,063
15,326
220,063
4,430
.1,181,778
bid
to
for
the
certificates
were
sent
to
159
firms.
In
thereto 5 bids representing 29 parties were received.
The
bid. 100.276 and accrued dividends, was made by Halsey,
Co., Inc., and associates, and has been accepted.
On this
the
average
approximately
annual cost of
1.70%.—V. 160,
the
p.
proceeds to the applicant will
472.
Union Securities Corp.—New Assistant Vice-President
0
W.
John
Assistant
Sharbough
and
John
B.
Burrows
have
been
elected
3,4i7,266
United Air Lines, Inc.—More Air Mail Carried—
mail
loads
carried
recently returned Irom Army service provided
for mail and helped account for the record
Additional
amortization)——
104,600
112.800
8%v.
Machinery & equipment (less deprec. & amort.)
Deferred charges
746,603
1,233,464
43,007
* ; 837,735
Total
—
New
1,376,894
48,956
$10,562,468 $11,819,963
buildings,
modern
new,
making
plant layout which
are
now
Tne
—V.
needed
cement
additional
Tire Output—
tires,
urgently needed
one
tires,
in
for tire production and the other
have been erected and added to
comprises 186 acres in its overall area.
Both
in operation,
plant
160,
about 3,300 people,
employs
now
both men and women.
672,
p.
-
United States Steel Corp.—Acquisition By Unit-
planes,
more
Traffic
space
'
High Records Made in Julyfor United Air Lines
to figures
Traffic Manager
Corp.,
announced on Aug.
a
subsidiaiy, has
14 that
acquired
the
the
Bennett Manufacturing Co., makers of
with plants at Chicago and New Orleans.
These will be
manufacturing
steel
Products
Steel
States
President,
Fairless,
F.
Benjamin
United
drums,
the
of
assets
at the Bennett Manufacturing Division
Products
of
the United States
Corp.
Bennett
A.
has
been
appointed
the Steel
160, p. 472.
Vice-President of
of the Bennett division.—V.
in charge
United States Sugar Corp.—Preferred
The
directors on
each
$1.25
Oct.
16,
The
each
cents
released on Aug.
in New York.
11 by Leon C, Morrier, District
,
...
1944.
preferred
15, April
stock,
without
16 and July 16,
value, payable
1945, to holders of
par
on
the
series
A
6.4%
cumulative
participating
convertible
11 and Dec. 11, 1944, and
and June 11. 1945, to holders of record Aug. 25 and Nov. 27,
12
and
19,
2,
stock,
distribution
June
$5
and Jan.
1944, and Jan 2, April 2 and July 2, 1945, respectively.
directors also declared four regular quarterly dividends of 40
March
during July reached two all-time highs,
Dividends—
Aug. 8 declared four regular quarterly dividends of
the
on
1944,
record Oct.
preferred
according
•
of
by
1,647,184 mail ton-miles flown as compared with 920,360 in July, 1943,
said Mr. Graddick.
Express ton-miles were slightly off, decreasing
Buildings (less deprec. & amortization)—
Two
subsidiary
United Air Lines during July reached
an
all-time high, increasing 79% over loads carried during the same
month of 1943, according to estimated figures released on Aug. 16 by
C. P. Graddick. director of air cargo.
Air
substantially
for
thousands
that
ber".
Stevens
7,069
reserve
.
placed on large truck tires which will outfic American combat vehicles,
jeeps and trucks with the equipment necessary to keep our transpor¬
tation operating in this mobile war where everything "rolls on rub¬
Steel
13.500
403,500
(less
•
it will handle approximately 15,000,000 pounds of tire materials
month, which is nearly double its previous capacity before expan¬
In accordance with the Government's request, emphasis is being
operated
Vice-Presidents.—V. 159, p. 2569.
3,852,429
Land
compared with $2,321,000
&
13,500
590,900
---
announced
the
at cost—.—„
Refundable portion of U. S. excess profits taxes
accounts
Miscellaneous
Miscellaneous securities,
is
for
receivable™^—....-—6,548
Inventories
j
.f
:
1943
1,112,793
Cash, demand deposits and currency
U. S. Treasury tax anticipation notes, at cost—
Granting
0'
1944
Assets—
j
Current liabilities were $3,369,000,
previous.
sion.
.
$1,255,843
2,863,645
surplus
Dividends declared and paid—
&
in connection with the procurement of certain
: v.
■
Invitations
$1,792,014
444,751
>
operating
Lives
' •
The report of the Commission states:
highest
in
on
100.276 and div.
403,500
$578,435
Operating surplus charges—
increase
-
East,
Union Pacific RR.—Equipment-Trust Certificates—
-
$744,587
Total
Net
*
record figure, $12,566,000,
including $1,512,000 cash
by our fighting forces, are coming off the finishing line at the greatly
enlarged tire plant of this company located at Cnicopee Falls, Mass.
With
its increased
production and as the largest tire plant in the
equipment-trust certificates, series H, to be issued by the Pennsylvania
portion
•
a
United States Rubber Co.—Increases
dividend of 15 cents per share
payable Sept. 25 to holders of
paid on April 17 and June 25,
a
1
for contingencies—
15.
Sept.
and
15 cents per
2,786,000)
/
refundable
at
$6,746,000,
This corporation has acquired from American Radiator & Standard
Corp. in an all-cash transaction the building at 540 Ferry
St., Newark, N. J., which it will occupy after Sept. 1, for its divi¬
sional warehouse, it was announced on Aug. 14.—V. 160, p. 675.
& Paper Corp.—15-Cent Dividend—
on
stock,
capital
the
on
$5,614,424
171,126
284,000)
:
Balance
Add
year
§$2.91
.
Sanitary
367.
p.
were
totalled
Purchases Building—
the Commis¬
160,
■
.
company
assets
leaving a net working capital of $3,377,000,
for the development
commerce.—V.
' v
the
of
current
and $500,000 U. S. Treasury bonds.
to one of its subsidiaries,
chartered
or
outstanding.
which
of
315,779
2,346
etc
the year,
reserve
subsidy
four
t$2.83
——
tOn 299,932 shares of common stock out¬
tAfter renegotiation.
§On 249,932 shares of common stock
Note—Assets
the
share
common
renegotiation.
standing.
•
build
Hemisphere routes approved by
Western
319,507
profits tax—
'V"'a.''Wj.
■[; Deduct addition to
"Before
J. A. Jones Construc¬
All are scheduled for
to
construction-differential
a
Ship¬
Todd-Houston
^
authorized
was
essential, under the Merchant Marine
as
income taxes—
S.
1945.
Corp.
Corp. directly,
sion
_
,
Reserve for U. S.
on
5,990,644
/
;
income
Reserve for
vessels
type
record
Total
Steel
Bethlehem
Earnings per
the
•«''
securities—
income
by
Houston, Texas, and six by the
Wainwright Yard, Panama City, Fla.
926,906
~j:
design.
built
Corp.,
6,302,006
to employees
V
be
profit to the builder.
These 580-foot ore carriers will be built at the
Bethlehem-Sparrows Point Shipyard, Inc., Sparrows Point, Md., at an
estimated
cost of $4,327,000 each.
They will be operated by the
$11,500,206 $12,855,933
expenses
compensation
v::
Income
»
1
1_
1.2
sales
1944
-
,
___
of
C-5
tankers,
new
Co.,
The
Y<r
Income, Years Ending June 30
j
Cost
tion
the
excess
.
Condensed
Sales
In addition,
$228,000.
the
Of
profits tax on earnings of the year ended
1943, was reduced $91,200.
This latter amount and the net
were charged against surplus.'
Y:/..
/"■,
payment
-
will
April and May delivery in
the
profits of
the
fiscal year ended June 30,
1943,' as a result of renegotiation of Government contracts.
After
deduction of $912,000 for the amount of excess profits tax applicable
$1,140,000
Feb.
of
par
26
10
$25,
payable
and
May
cents
per
last.—V. 160, p. 473.
Sept.
26, 1945, respectively.
A participating
share was made on the 6.4% stock on
•
FINANCIAL CHRONICLE
THE COMMERCIAL &
declared
directors have
The
and
stock
common
Dividend—
a
dividend of -50 cents per share on
regular quarterly
the
the
dividend of $1.75 per share
holders ot record
Aug. 21.
Similar distributions were made on March 1 and June 1.
this year.
In 1943 the following payments were made on the common
stock:
March l. June 1 and Sept. 1, 50 cents each, and Dec. 1, *1.
the
on
—V.
share has been declared on
per
A
meeting
special
the
authorize
2.8%
in
$15,000,000
of
issue
called for Sept.
shareholders has been
of
secured
notes
Exchange Offer-
Walgreen Co.—To Vote On
that
the
only for the special meeting proxy material.
each share of 472% preferred stock will be
entitled to one share of new 47c
stock, plus $3 in cash.
There are
now 94.225 shares of 4V2%
preferred stock outstanding. In the event
proposal
the
Under
than 65.000 shares are
more
for
refunding of a portion of
debt
funded
The
now
sists of:
'"'V
$15,773,000
Corp.—Distribution Sought—
Warner Sugar
Washington Gas Light Co. (&
Subs.)—Earnings—
.„l9„i3„ne
12 Months Ended June 30—
Operating
revenues
Operation
$13,917,124 $13,382,885
8,133,104
7,795,183
_
______
.
649,026
127,475
794,745
862,678
826,485
—-—___——1,014,250
charges
111,588
''Depreciation
;
904,615
General taxes
846,601
Maintenance
for operating
Provision
—
——
for Fed,
Prov.
Inc.
&
excess
662,000
profits taxes.
than
operating
Other
income
$2,327,293
$2,244,966
revenues
Dr2,557
__
Interest
17,107
>
the
income
Net
Dividends
preferred
on
stock
397,509
$1,041,311
_____—
Balance
—V.
$1,438,820
$842,021
deductions—___
—
Combined
of
As
1,869,000
$3,934,000 $24,000,000 $25,227,000
stores
the
tions
to
defer
to
an
the
abandon
of
the
the
-
of
any
rate
and
rate
as
the
convertible
debentures
is
when
made,
and
to
as
which
debentures for
State and
the
do
'
325,300
-18,583,730
____-
profits taxes—
234.000
347,249
etc
1
469,132
_
;
368,245
;___
$307,637,902
.—____
stock
-$104,835,621
real estate mtge.
4^
20,000,000
W'
&
25,000,000
lessor companies
payrolls
taxes
35,000,000
i
—.
10,092,400
1
2,274,417
—
4,099.696
4,957,010
2,292,000
____.
interest
(est.)
/____
Miscellaneous
current
8,728,573
•
1,571,921
_______
benefits
1,404,528
_
provisions for future settlements.—.
Other
reserves
2,026,763
___—
;
capital
on
4,844,978
stock—_I
.1463,350
,
Earned surplus
Total
57,428,661
_—:
"Deposited
$307,637,902
__________
with
trustee
under
Western
Mortgage (invested in Western
Mortgage
552^610
322|si3
'»
.
Other
Estate
8,161,898
•
—
liabilities.—_•
Reserves for employees'
flPreraiums
11,614,973
1,265,685
Telegraph money orders payable—
Liability for tax collections
Advance billings
;
Payable to affiliated company
Union
Union
Funding
and
Real
Funding and Real Estate
Bonds
having a par value of $4,227,000).
t Under, Work¬
men's
Compensation laws,
fRepresented by 1,045,273.67 shkres of
class A stock, no par value, and 308,124 shares of class B
stock, no
value.
par
§Non-interest
bearing.
fNo
change since
Jan.
1,
1941.;
The Manufacturers Trust Co., New York, has been
appointed trustee
the proposed $10,000,000 4% debenture issue dated
July 1, 1944, due
of
Jan.
1981.—V. 160, p. 673.
1,
.
.
Wilcox Oil Co.—New Name—
See
H.
F.
Wilcox
Oil
&
Gas
Co., below,.
con¬
(H. F.) Wilcox Oil & Gas Co.—Changes Name—
stockholders
The
to
pany
to
record
such
not
Aug.
on
Wilcox Oil Co.—V.
11
voted to change the name of this
159,
p.
1903.
'
com¬
/
Will & Baiimer Candle Co., Inc.—10-Cent Dividend—
on
In that event,
stockholders
321,614
deposits___-_
charges..
Accrued
offering
an
subscribe
outlined in the enclosed proxy statement.
new
deferred
directors
The
opportunity,
9,400,000
.
with States
insurance,
Accrued
until a later date, to grant the authoriza¬
time limit (unless the directors should
the
deposited
rents,
Accrued
1945,
have
:I_
___
(which
of
10,000,468
bond subscriptions—
war
Accrual for income tax of lessor companies
Liability for Postal pensions and benefits
Accounts
payable
entirely).
will
demand
of excess
§Obligations to
that time but, against the possibility
feel it advisable in the light of market condi¬
1,
and
30-year 5%
offering at
offering
Oct.
proposed
debentures
operated was unchanged at 239.—V. 160, p. 673.
interest
price,
18,812,615
etc._
tax savings notes
refund
Funding and
not less than $50 per share).
The
the conversion privilege may enable
offering
may
plan
"Stockholders
31,
to
an
directors
with
tion
as
___
__
Liabilities—
Although, as mentioned above, it is hoped that the offering
In September, the stockholders are asked not to limit their
be
that
1944, the company serviced 1,461 wholesale ac¬
compared with 1,486, a year earlier. The number of retail
July
counts, as
will
$4,229,000
sales
con¬
favorable market conditions,
limitations
*
treasury bills—
hand
on
Other
its
authorization
1944—7 Mos.—1943
$2,328,000 $12,628,000 $14,028,000
1,606,000
11,372,000
11,199,000
$2,360,000
sales
"Wholesale
Co.—July Sales—
1944—Month—1943
sales
Retail
that
feel
-
$229,715,962
/
3,945,490
8,255,365
tSecurities
the stockholders are asked
to give the directors discretionary authority to grant this conversion
privilege in connection with the proposed issue, subject to the afore¬
said
Western Auto Supply
of
price
a
properties
25-year 5%
each $1,000 of debentures
for
1944
6,852.732
Govt,
Prepaid
company
advantage of
160, p. 672.
Period End. July 31—
to
stock
A
of
receivable,
tCapital
<
three
,v;
April 30,
Treasury notes and ctfs, of indebtedness—
Cash
to
company
the
version.
<
class
officers
and
exercised,
4
'V
5
of sales
U. S. Treasury
obtain a lower interest rate for the debentures and,
prospers during
the 10 years the privilege may be
existence will create the possibility of reduction of the
company's funded debt through conversion of debentures without any
expenditure of cash by the company.
"In order that the company may be in a position to take prompt
$2,344,400
905,580
470,015
i
other
and
$2,242,409
930,373
$1,312,036
income
public
stock counting as
B
equipment
Special deposit for employees'
$40,773,000
indebtedness,
amount
directors
if
Gross
4Vg
shares of
20
wouid
Net
8.
British
than
158,
is due to mature within approxi¬
mately seven years.
The 4Vt%
bonds maturing in 1950 are not
subject to call prior to
maturity.
The $25,000,000 of 5%
bonds
maturing in 1951 are, however, subject', to call, and the plan ten¬
tatively formulated involves the refunding of these 5% bonds through
an
issue of $24,603,000 of debentures
bearing interest at not more
than 4%.
The proposed action, in addition to reducing the company's
fixed
charges for
interest, would eliminate
this relatively nearby
maturity of $25,000,000.
..
A. N. Williams, President, on Sept. 5 said in part as follows:
"Market conditions will necessarily control the feasibility and the
time of
the offering of the proposed debentures; and the precise
offering price, the interest rate and the other terms of the debentures
cannot be fixed until just before the offering.
It Is expected, however,
that the offering will be in September of this year and will involve
an
issue of $24,603,000 of 20-year debentures, to be offered at not
less than their principal amount, to bear Interest at not more than
4%
and to be convertible during the first 10 years into not more
this
Of
1945.
anticipated cannot be completed before June 30,
plan, which it Is
—V.' 160, p. 54.
U.
Total
Maturity Date
May 1, 1950
Dec. 1, 1951
Mar. 1, 1960
5
$35,000,000
bondholders' committee, headed by Lee S. Buck¬
ingham has advised bondholders that It is applying to the court lor an
additional 20% cash distribution on the securities,
A 97c payment was
made March 10.
The committee feels that net earnings for the past
two crop seasons exceeding $1,000,000 should be distributed at present
and
not
tied up until consummation of the pending reorganization
mortgage
first
Accounts
v!;:1
Principal Amt.
$25,000,000
The
and
"■Proceeds
'
Int. Rate
class
Inventories
Co.—Proposed Refunding—
the company's funded debt.
outstanding in the hands of the
of
Investments
special meeting of stockholders has been called for Sept. 5, 1944, v;
stockholders'
authorization
in connection with a
contemplated
A
All
allocations.
ratable
receive
share
a
,
Post-war
Western Union Telegraph
presented for exchange, stockholders
unexchanged stock will be called
by the company at 104.
Call price of the new preferred stock is,104
for the first two years, decreasing one point every two years thereafter
until it reaches a minimum of 101.
i—
The exchange offer, to be effective for 30 days, will be mailed out
around Aug. 26 at the same time that proxies are sent for the special
meeting, olficials stated.—V. 160, p. 672.
that
will
Plant
1774.
p.
of
Assets—
mature
secured
President,
the SEC is necessary
from
vote
Balance Sheet,
6 to
longer period of amortization of debt expense, will be no greater
that of the present Issue.—V. 160, p, 368;
V. 15'9, p, 1700; V.
each
votes)."
Chairman of the board, and Fred C. Abercrombie,
announced that in 1940 the officers desired to obtain a
longer-term issue, but were unable to do so on favorable terms under
the prevailing market.
They point out that even at the proposed
interest rate of 2.8%
for the new issue, the annual cost, due to the
plans to Issue 65,000
company
to
refunding plan, to the extent that it may involve the granting
of
the conversion
privilege, requires the approval, by a two-thirds
vote, of the outstanding shares of class A and class B stocks (voting
together as one class, each vote of a share of class A stock counting as
Stetson.
Charles
shares of
new
4%
$100 par preferred stock
to be exchanged for outstanding
4Vz c/o preferred stock, subject to stockholder approval.
A special meeting of stockholders will be held Sept. c2 to ratify the
plan.
As no underwriters or public offerings are involved approval
announced
to
of 2.7%
1. 1969.
These notes will replace $15,000,000
notes issued Sept. 1. 1940. to mature Sept. 1, 1955.
or
"The
five votes and
•Sept.
is
.
Notes—
Western Massachusetts Cos.—May Issue New
159, P- 2017.
it
reasonable compensation for the sale, underwriting
the price at which the. stockholders will be entitled
as
subscribe.
preferred stock, both payable Sept. 1 to
first
(less
purchase;
value,
par
no
will, it is planned, be sold to underwriters for at least the same
price
the common
payable Oct. 2 to holders of record Sept. 15.
This compares with 20 cents each paid on April 1 and July- 1, 1944,
and 15 cents on Jan. 3, 1944.
In 1943, the following payments were
made:
Jan. 2, April 1 and July 1, 15 cents each; Oct.
1, 30 cents;
and Oct. 28, 50 cents.—V. 160, p. 473.
stock,
Van Eaalte Co.—50-Cent Common
cents
of 45
dividend
A
scribe
Pulp & Paper Co.—Larger Dividend—
West Virginia
Pet Milk—
Van Camp Milk Co.—Merger With
Pet Milk Co.. above.—V. 159, p. 2348.
See
Monday, August 21, 1944
the
Feb.
on
Aug.
stock,
common
Aug.
10.
A
8
no
declared
dividned of
a
value,
par
like amount
payable
also
was
15
to
May
15 and June
15,
last, and
15 and Dec,
10,
share
per
holders
this
on
Aug. 16, Nov,
sub¬
cents
10
Aug.
disbursed
issue
of
on
1943.—V. 159, p. 2459.
15,
Feb.
on
15, May
15, June 15,
City Department
BOND PROPOSALS AND NEGOTIATIONS
River
Agricultural
Improvement and Power Dist.
(P. O. Phoenix), Ariz.
Project
Notice of Refunding Program—
A group
ment Commissioner:
July 1944
for the
cher & Co., as fiscal agents
district, announces that all bonds
of the 41/2% issues dated Oct. 1,
1937 and June 1, 1938, maturing
serially 1948-1964 and callable in
1948, come within the scope of the
refunding plan which is now be¬
ing offered to the holders of such
bonds. The plan, it is said, offers
certain advantages to the present
bondholders and members of the
group
Fees
50,220.20
914,142.87
877,507.73
Auto_
1,569.00
1.830.00
Cigarette
committed to the Plan so
has
now
already
that it
Tax_
256,902.44
259,569.69
Permits
j._
27,742.25
Tax_
96,420.36
promptly be furnished with trans¬
forms
mittal
808.32
807,524.41
so
that their
bonds
Trust
•2,387.59
5,925.25
Feed
Tax
____
issue of
&
Savings
Chicago,
Bank,
San
Bond
13,093.03
8,862.08
2,333.64
1,881.12
Mayor ^Capham has recommended
that a proposal to issue $12,000,000
general obligation sewer bonds be
3,055.00
1,705.00
submitted for consideration of the
1.00
3.00
67,124.07
152,789.75
193.65
278.40
Tax
Confiscated
electorate
Liquor Sales__
Gasoline Permits
Tax
Driver's License
40,295.00
143,547.37
410.00
370.00
Tax
Vending Machine
Tax
Tax
Colorado
546.83
79,836.57
>
—
abolished
3.434.00
92,882.59
the
districts
2,739.60
Mineral
Oil
22,427.95
"
Rights-
100.00
„
Refunds—Salvage
Health
13,951.08
51,619.24
___
•
'•
•
.
Gas
ana
20.25
446.50
70.80
Inspection
'•«
,
$2,576,428.73 $2,831,161.77
'
'
'
■
"
gross
calendar
year
into
with
1943,
all
tax
urban lots;
personal property
3) dry farms and
and
items,
$36,123,722.16.
industrial
'
lands
and
merchants'
stocks.
CALIFORNIA
Arkansas
(State of)
Gross Tax Collections—The fol¬
lowing statement of gross tax col¬
lections
was
(on a fiscal year basis),
made public recently by Mur-
Laurel
FLORIDA
Elementary School District
a
Boca Raton,
recent elec¬
Bond Call
tion the voters approved the issuance
of
$10,000
additional
urer-
'.tfe'i
con.
.0
Fred
six
—
C.
Director of
refunding
earlier
$370,000 bonds, the
Wheeler & Co. of
latter
obligations,
refunding purposes,
were dated Jan.
1, 1937. The new
refundings bear date of Jan. 1,
the
prior
Fla.
Aiken
Sale—The
*
,
$1,670,000
new
described
and
latter year are subject to
redemption at various call
of
Aug.
in
detail
7,
on
in
issue
our
573,
page
were
awarded to
a syndicate composed
Stranahan, Harrris & Co., Inc.,
Toledo, Clyde C. Pierce Corp.,
Jacksonville, Leedy, Wheeler &
Co, Orlando, C. F. Childs & Co,
New York,
Watkins, Morrow &
Co, Birmingham, and J. ,M. Dain
& Co. of Minneapolis, as l%s, at a
price of 97.68, a basis of about
1.92%. The bonds are dated July
1, 1944 and mature serially on
July 1 from 1946 to 1964 inclusive.
They are non-callable.
of
ILLINOIS
to
legality by Caldwell, Mar¬
shall, Trimble & Mitchell of New
York City.
Bethlehem
Bonds
Township, III.
Voted—The
authorized
an
issue of
voters
have
$15,000 road
construction bonds.
Miami, Fla.Early
Decision
On
Chicago, III.
Refunding
is
expected
City Commission
to make a decision
shortly on^thel'friethod for refund¬
ing
$7,623,'0$0 of outstanding
bonds which 'become callable July
$100,000,000
Approves
Expected—The
Purchase Plan
advices from
15, noted
as
—
Transit
Associated Press
Chicago, dated Aug.
follows:
The Chicago City Council unani¬
Strana¬ mously approved today a $100,proposal
for
municipal
han, Harris & Co., Inc. and B. J. 000.000
Van Ingen & Co., Inc., both of purchase of the surface and ele¬
vated lines, a long range plan for
New York City, have made separ¬
ate offers to handle the refinanc¬ ending the city's ancient traction
1, 1945, at
a
price of 103.
fiscal agents. Under another muddle.
In a special meeting the Council
drafted for the city by
R. L. Mitchell of the New York authorized the Corporation Coun¬
as
program
Town-Clerk Treas¬
Refunding,
Finance;, k
prices. Bonds have been approved
as
bidding.
proposals have been
Miami Beach, Fla.
with
also issued for
ing
(P. O. Los Alamitos), Calif.
Bonds Voted—At
These
competitive
capital bonds offered Aug. 16 and
connection
Orlando, fiscal agents for the city,
report that the original debt was
called for redemption on July 1,
1944.
at
various
for guidance of the
City Commission by A. E. Fuller,
an
grazing lands; 4) irrigated pasture
mountain hay lands; and 5)
:
collections,
has
system of dividing
four equalization
gated lands; 2)
_____
and
'
successful
in the year of
in
the
sale
summarized
Oak, Fla.
Call—In
They mature from 1945 to
1973 incl., and $119,000 maturing
investigator in
each, the National Association of
Assessing Officers reports. Under
the new setup, five investigators
will be assigned to special classes
of property, as follows: 1) irri¬
Imported
Wine Tax
the
state
results,
Commission
Tax
3,597.43
6,746.00
_____
Live
Bond
3V2%.
(State of)
satisfactory
more
22,332.00
Wine Permits—
Liquor
gen¬
Tax System Revised—To obtain
•
18,449.50
________
Wine Tax
Colorado
45,525.00
105,352.83
Table
*
November
v
for
Bond
1944 and interest rates of 3%
6.226.50
4,931.00
Permits.Tax
Pool
the
COLORADO
Awards
Beer
at
eral election,
Advertising
Beer
Recommended—
25.00
National
Atlantic
Beach
firm of Leedy,
10,778.71
.
ARKANSAS
Election
County
562.50
v
Liquor Permits-
Income
(City and
Calif.
11,476.54
Fees
_______
Inheritance Tax
Malt
Francisco
of),
Oil Inspection
Fees
on
Bank, West Palm Beach, at such
price below par and accrued in¬
terest as they may deem proper.
1940, maturing in 1945 te
In¬
spection
Palm
the
Inspection
Fees
Fertilizer
Total
exchange."
Wa¬
The
Nov. 1, 1944. Holders
may tender said bonds at the West
1950.
be forwarded to the Harris
Illinois for
of
939,348.32
Sales
Leases
may
Board
funding issues would be offered
Power Revenue bonds of the third
107,180.02
2,512.78
Sand and Gravel
Liquor Sales Tax
will
Call—The
bonds of May 1, 1934, of the par
value of $500 each, are called for
payment
Angeles, Calif.
redemption on Dec.
1, 1944 of $1,500,000 City of Los
Angeles Department of Water and
37,087.25
Severance
been declared operative.
Holders who have consented
count of 62
a
authorized the
Cigarette
and a sufficient
number of the bonds are
Bond
59,106.10
Tax__
Intransit
"In addition to an election
these 4V4% bonds,
by
ter and Power Commissioners has
Gasoline
further state as follows:
held
Aug. 10, 1944, authorizing this
refunding, the Supreme Court of
Arizona, in its decision rendered
July 14, 1944, has sustained the
power of the District to refund
$11,615.30
Los
Auto License
refunding group will be glad to
furnish details as requested. The
,
July 1943
$8,170.03
Fees
bonds
to 14.
Division
Auto
composed of Stranahan,
Harris & Co., Inc., Shields & Co.,
Durand & Co., Tucson, and Boett-
struction
B. McLeod, Revenue Depart¬
ray
ARIZONA
.7
Salt
announces
municipal, law firm of Masslich & sel
Series
Mitchell,
A,
the
proposed
uoif?
''.yh
x
!>v
I -/
f { j
new
re¬
V
to
Michael
i.
i'.'i-jZ
inform
L.
■' t'.
Federal
Judge
Igoe, who holds
(■"
con-
j t ■?••*• I
1 >
>:t
j
Volume
ti
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
160
17-year-old receiver- bids until Aug. 28 for the pur- tion $1,000. Bonds to be presented
at the place of payment specified
proceedings, of > the city's I chase of $43,000 airport bonds,
therein.
readiness to
adopt a municipal
Swea City, Iowa
ownership traction ordinance.
Bond Election Urged—The City Hopkins County (P. O. MadisonThe plan, proposing direct pur¬
Council
has
been
petitioned to
ville), Ky.
chase through a court foreclosure
Bond
Sale —The $110,000 3%
call
a
special election on the
sale, would require a public refer- question of issuing bonds to build school building revenue refund¬
endum./ Experts figured April 30, a municipal swimming pool.
ing bonds offered Aug. 14—v. 160,
MICHIGAN
trol through
ship
-
:
f-
1945, would be the earliest date
I
^
tion..
.
R.
James
Alderman '
X
Quinn,
Council's trans¬
Chairman of the
Bonds Voted—At
July 27 the voters authorized
issue of
committee,
said
the
proposition would be laid before
by
Philip Harrington, Commissioner
of Subways and Superhighways,
$85,500,000 would be distributed
among
security holders of the
Chicago Surface Lines and $14,among those of the Chi¬
Rapid Transit (elevated) Co.
For financing the purchase, the
500,000
cago
proposal was for original revenue
bond
issues
totaling $84,650,000
and modernization bond issues to¬
Waukon, Iowa
—
Truman
Bond
Offering
on
an
of
than
and accrued in¬
other
things being
par
All
terest.
equal, preference will be given to
taling $15,000,000 in 1949, with an the bid of par and accrued inter¬
expected interest rate of 3V2%est or better which specifies the
The Chicago Motor Coach Co. lowest
coupon rate. Principal and
(bus) lines were not included in interest payable at the City Treas¬
the plan.
urer's office.
The city will fur¬
The first section of Chicago's nish
the
approving opinion of
municipally - owned subway has Chapman & Cutler, of Chicago,
been operating since October, 1943, the successful bidder to furnish
having been buiit after "talk" the printed bonds, and all bids
^
lines
50
for
it
about
The "L"
years.
operating it.
are
be
must
Reported
—The
total
district debt as of
June 30 amounted to $74,857,791,
a decrease of $4,267,517 from $79,125,309 on June 30, 1943. Net
funded debt was $65,190,590, down
$5,733,881 from $70,924,471 a year
earlier.
Floating debt, including
y
:
tion
passed an ordinance providing for
the issuance of $49,000 water rev¬
for
the
of
purpose
,defraying part of the cost of im¬
proving and extending the present
waterworks system.
-
'
consideration tentative plans call¬
ing for the issuance of bonds to
finance about $14,000,000 in im¬
provements for the city as a post¬
project.
XXXX
war
Hur
Life
O.
(P.
Association
Crawfordsville), Ind.
Awarded
The $1,483,-
Bonds
—
<762.50 various municipals offered
the Association on
XAug. 10, and fully described in
'V. 160, p. 475, have been awarded,
according to President William E.
sale
for
by
Rider.
14—v. 160, p.
awarded to Vieth,
574
—
were
Duncan & Wood of Davenport, as
a price of
about 1.236%.
114s, at
of
a basis
Dated Aug. 1,
100.134,
1944 and due on Nov. 1 from
to
1964
100.063(
for
1945
Second high bid of
incl.
114s
by
made
was
Paine, Webber, Jackson & Curtis.
To Issue Airport Certificates—
city is expected to ; issue
shortly $214,000 certificates to fi¬
nance an airport project.
^
;•*
The
f
Humboldt, Iowa
Bonds
Voted
—
H.
F.
;
Jakway,
v,
•
Storm Lake, Iowa
Bond Offering—W.
City
Clerk,
will
will be received by
Due
Rate
Series
H. Kaufman,
receive
sealed
Amount
Date
Refunding
G
21/2
4-
Refunding
Refunding
G
21/2
7-15-59
21/2
7-15-60
23/4
1-15-60
F
23/4
1-15-62
F
15283:
15292
15300
15272
15267
15290
15289
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
Refunding
15265
15296
G
v
^
F
.
;
23/4
1-15-63
23/4
1-15-56
f
23/4
1-15-60
F
23/4
10-15-61
F
3
10-
$2,000.00
1,000.00
2,000.00
120,000.00
25,000.00
35,000.00
42,000.00
1,000.00
1-15-62
F
,
23/4
1-60
X
15,000.00
5,000.00
1,000.00
10,000.00
F
3
10-
1-62
F
31/4
10-
1-56
1,000.00
F
31/2
7-15-57
F
31/2
6-
1-61
1,000.00
25,000.00
F
31/2
6-
1-62
F
:
31/2
6-
1-58
F
31/2
6-
31/2
6-
1-61
X,F
31/2
6-
1-62
31/2
6-
1-60
33/4
2-
1-57
:
6-
1-55
6-
1-56
F
F
V;
:
F
4
F
>
<
-
4
4
11-15-58
x
41/4
41/4
Park and Blvd.
Fire
Water
School
A';;;
11-15-57
12-15-57
41/4
3-15-58
A
41/2
5-15-55
23/4
6-
23/4
6-
1-57
41/2
vX
12-15-60
1,000.00
1,000.00
15826
F
23/4
6-
1-57
revenue
Sept. 15, 1944. Due Sept. 15 as fol¬
15827
Refunding
G
23/4
6-
1-57
184,000.00
15743
Sewer
A
4
9-15-57
328',000.00
15630
Refunding
G
21/4
6-
1-62
8,000.00
15621
Refunding
G
23/4
6-
1-58
248,000.00
15628
Refunding
F
2% X
1-15-62
23/4
1-15-63
11,000.00
.10,000.00
:
-V"
53,000 in 1955, $2,000 in 1956, $3,000 in 1957, $2,000 in 1958 and
15632
Refunding
F
15626
Refunding
F
3
1959, $4,000 in 1960, $3,000 in 1961
$4,000 in 1963, $3,000 in
1964 and 1965, and $5,000 in 1966.
15622
Refunding
F
15623
Refunding
F
15625
Refunding
(Maturities aggregate only $55,D00.)
Optional for redemption in
15627
Refunding
of
order
inverse
their
num¬
bering on any interest payment
date prior to maturity upon terms
of 104 on or before Sept. 15, 1947;
"hereafter and on or before Sept.
15, 1952 at 103, and thereafter and
102. Bonds ma^
before maturity at
luring
on or
will bear
before Sept. 15, 1961,
interest at 3%
per an¬
and bonds maturing on and
num
15, 1962, will bear in¬
per annum.
Bank
of
Dawson,
Springs.
All bids must
specify a price of not less than
103 V2% of par. The city will fur¬
nish the bonds and the approving
Dawson
opinion of Chapman & Cutler, of
Chicago, and bids may be condi¬
tioned only to that extent.
In the
event that prior to the delivery of
the bonds the incoine 'received by
0.725%.
Dated
Second
high bid of 100.03 for 0.75s
made
was
by
Park-Shaughnessy
& Co.
Fergus Falls, Minn.
M. Lein, City
Clerk, reports that the voters re¬
cently authorized an issue of $69,500 airport bonds by a count of
:>
NEBRASKA
Wahoo, Neb.
15629
15624 K
15620
J*
6-
1-60
31/2
1-
1-61
31/2
6-
1-61
31/2
1-
1-62
6-
1-62
F
.
.
31/2
F
«
Zi
Refunding.
Sewer
'
31/2
336,000.00
1-61
F
Refunding
p
10-
F
X f ■/<
Refunding
15631
'
1-57
31/2
7-15-62
A
.
10,000.00
2,000.00
9,000.00
3,000.00
30,000.00
10,000.00
33/4
F
i
.
2-
1-61
10,000.00
5,000.00
4
9-15-57
87,000.00
Registered Form and will be delivered
to the purchaser in Registered Form only in the same units as appear
in above list.
Re-registration in multiples of $1,000 will be furnished
at the option of the successful bidder without cost.
Delivery cost
of bonds will be borne by the City of Detroit.
Delivery will be made
Sept. 6, 1944 in New York, N. Y., Chicago, 111., or Detroit, Michigan,
and payment, including accrued* interest to date of delivery is to be
made in Federal Funds.
Awards to be made on the basis of the
largest dollar price to the City of Detroit.
Proposals must be in writ¬
ing, must be sealed, and must be accompanied with a deposit in cash
or certified check payable to the City of Detroit, on any National
Bank in the United States or any State Bank in the City of Detroit, in
the amount of two (2) percent of the face of the bonds, to be retained
by the City of Detroit as stipulated damages in the event of non-per¬
formance of any proposal accepted.
The City of Detroit reserves the
right to reject any or all proposals received.
These bonds are ex¬
empt from all Federal Taxes and from all taxation in the State of
Michigan.
Proposals are conditioned only on legal opinion of Wood,
Hoffman, King and Dawson, Attorneys of New York City.
All of these
bond# hM
m
private holders from, bonds of the
Midland, Mich.
type and character shall be
Bond Sale—The $11,537 coupon
taxable by the terms 'of any Fed¬
eral income tax law, the success¬ first combined street improvement
ful bidder may, at his election, be special assessment bonds offered
relieved of his obligation under July 18 were awarded to the
the contract to purchase the bonds Chemical State Savings Bank of
Plans Bond Election—The
Council
is
later
expected
in
to
the
City
call an
year
proposal to issue bonds for
struction of
on
a
con¬
swimming pool.
a
NEW JERSEY
Bridgeton, N. J.
Bond Sale—The
or
$75,000 coupoiv
registered bonds offered Aug.
15—v.
160,
575—were awarded
p.
to M. M. Freeman & Co. of Phila¬
1.20s, at a price of
basis of about 1.175%.
$70,000 gen. im¬
provement and $5,000 water im¬
delphia,
100.19, a
as
Sale consisted of
provement bonds.
The bonds are
Aug. 1, 1944 and mature
$5,000 on Aug. 1 from 1945 to
dated
100.35.'
•
Hackensack, N. J.
Bond Offering—Ethel M. Hoyt,
1,000.00
City Clerk, will receive sealed
50,000.00
bids until 8 p.m. (EWT) on Aug.
x
1,000.00
29 for the purchase of $200,000 not
1,000.00
to exceed 6% interest coupon or
1,000.00
registered general refunding
1,000.00
bonds.
Dated Sept. 1, 1944.
De¬
86,000.00
nomination $1,000.
Due Sept. 1,
253,000.00
as
follows: $10,000 from 1946 to
G
and 1962,
0.75s, at 100.05,
Sept. 1, 1944 and due $10,000 on
Sept. 1 from 1945 to 1947 incl.
3,000.00
Refunding
Refunding
in
as
about
v
;
15825
1950, $2,000 in 1951, $3,000
1952, $2,000 in 1953 and 1954,
of
5,000.00 1959 incl. Other bids included the
1,000.00 following: National Bronx Bank,
17,000.00 New York City, 1.20s, 100.16; H. L.
11,000.00 Allen & Co., iy4s, 100.19; E. H.
5,000.00 Rollins & Sons, Inc., iy4s, 100.15;
5,000.00 A. Webster Dougherty & Co., 1.30s,
1-60
F
Water
15291
1-59
F
Refunding
15270
none:
$59,000 water works
bonds on Aug. 16. Dated
in
basis
a
election
r
ders for the
1947, $1,000 in 1948 & 1949, $3,-
Bank, both of Far¬
ibault, jointly,
Mr. Oakman at Room
G
000
and the State
928 to 312.
15271
15275
$1,000 in 1945 & 1946, $2,000
curity National Bank & Trust Co.
Bonds Voted—B.
Water
lows:
Sale—The $30,000 airport
offered Aug. 15—v. 160, p.
677 —were awarded to the Se¬
1,
ma¬
Refunding
incl.
1950
to
and
incl.
1960
of interest
$15,000 from 1951
Interest
M-S.
Rate
in multiples of
M Or one-tenth of 1% and must
be the
The
to
same
be
for all of the bonds.
purchase
price
specified in
than
$200,000 nor more than $201,000.
In selecting the proposal to be ac¬
cepted, the City Council will not
consider proposals which name a"'
rate of interest higher than the
lowest rate named in any legally
acceptable proposal, and if two or
more
such
proposals name the
the proposal must not be less
lowest rate, the proposal offering
to
the least amount of
(such bonds being those
first maturing) will be accepted,
unless
two
or
more
proposals
accept
bonds
name
the
lowest
rate
and offer to accept
amount of
that
one
of
interest
least
bonds, in which event
of
such
the
last
same
mentioned
proposals which offers to
pay the
highest price will be accepted.
purchaser must pay accrued
The
interest from the date of the bonds
to the date of
and
interest
delivery. Principal
payable at the Peo¬
ples Trust Co. of Bergen County,
Hackensack.
be
The
purchaser will
of
furnished with the opinion
Reed, Hoyt & Washburn, of New
York, that the bonds are valid and
legally binding obligations of the
City. The enactment at any time
levied in the said district for the
prior to the delivery of the bonds,
purpose of installing certain street
of - Federal legislation which in
improvements therein, in accord¬
ance
with the provisions of the terms, by the repeal or omission
of exemptions or otherwise, sub¬
charter of the City and the stat¬
jects to a Federal income tax the
utes
of the State in such case
interest
on
bonds
of
a
class
or
provided and said bonds
character which includes these
general obligations
companying his bid will be re¬ 1, 1944. Denomination $2,000, one pledging the full faith and credit bonds, will, at the election of the
for $1,537. Due Aug. 1, as follows:
turned. .v,
of the City. Bids shall be condi¬ purchaser, relieve the purchaser
from
his obligations under th£*
Bond Call
Eva Johnson, City $2,000 in 1945 to 1948, and $3,537 tioned upon the unqualified opin¬
terms of the contract of sale and
in
1949.* Principal and interest ion of
Miller, Canfield, Paddock
Clerk, calls for payment on Sept.
entitle the purchaser to the re¬
payable at the City Treasurer's
15, 1944, 3%% water works rev¬
& Stone, of Detroit, approving the
turn of the amount deposited with
office. The bonds shall be issued
enue bonds, Nos.
1 to 61, in the
in anticipation of the collection of legality of the bonds. The cost of the bid. Enclose a certified check
total principal amount of $61,000.
for $4,000, payable to the City.
Dated Sept. 15, 1942. Denomina¬ special assessments heretofore the legal opinion and the print¬
and
City Clerk, reports that an issue
of $30,000 swimming pool bonds
was
approved at an election on
Aug. 7.
bids
same
Clinton, Iowa
to
15260
Commercial
Sale—The $55,000 airport
Bond
lks to July
*
15281
15264
Prin¬
cipal and interest payable at the
bonds offered Aug.
.
as
thereafter
3s
15744
were
terest at 3j/4%
Carroll, Iowa '**
1957,
and
successful bid¬
after Sept.
IOWA
Sealed
Type
15286
Springs, Ky.
and
1946,
-
No.
t>
Ben
Louisville, only
named a rate of
Reg.
15285
-
1956
of
July
Bond Sale—Stein Bros. & Boyce
of Louisville
the
INDIANA
for
to
offering consists of the following and bids must he fnr all
15280
Maysville.
a
Is
Bond
bonds
2000, Water Board Bldg., Detroit 26, until 10:30 a.m. (EWT) on Aug.
28, and offers shall remain firm until 8 p.m. (EWT) on Aug. 29. The
of 253 to 46.
Dawson
in
Moline, III.
V Post-war Projects Planned—City
officials are said to have under
fund.
15299
Bank of
bonds,
an
ment
15282
Galesburg, III.
M. Water Revenue Bonds Author¬
ized—The City Council recently
about
Detroit, Mich.
15295
Carrollton, Ky.
paid
of
Offering—Charles G. Oakman, City Controller, announces
offering of $2,020,000 bonds by the city's post-war capital improve¬
recent elec¬
KENTUCKY
bidder
as
turity.
15293
tion bonds by a count
after
or
MINNESOTA
Faribault, Minn.
Bond
approved the is¬
voters
on
basis
1, 1950, and
3s thereafter to maturity; $10,000
maturing $5,000 July 1, 1954 and
1955, as %s to July 1, 1948, and
3s
thereafter
to
maturity, and
$10,000 maturing $5,000 July 1,
1953,
104.10.
of $50,000 airport construc¬
the
suance
a
Co.
bidder,
15301
Bonds Voted—At
104.84
Bond
15277
$2,431,336, an increase of $104,845
Bond
Call —'Mayor Luther
from $2,326,491 at the end of June,
1943.
Outstanding tax anticipa¬ Fothergill has called for payment
tion warrants, plus accrued in¬ on Sept. 15, 1944, at 102 and in¬
terest, totaled $7,235,866 on June terest, 4% school building rev¬
enue bonds j dated Sept. 15, 1943,
30, up $1,361,519 from $5,874,347 a
Nos. 4 to 42, at the State National
year earlier.
enue
ers
other
15298
KANSAS
Callable
the bonds, a
basis of about 2.209%. The Bank¬
15268
aggregated
indebtedness,
other
price of
15273
Abilene, Kan.
incl.
1
30 days' notice,
on
successful
15266
salaries, and
accounts,
The
urer.;,-
(P. O.
Chicago Park District
? 'Chicago),
III.
Mar.
on
cost
1.163%, as follows:
X
For $28,000 maturing $4,000 July
1, 1945 to 1951, as lV4s, $10,000
maturing $5,000 July 1, 1952 and
1,
serially
interest
net
102.
at
15263
2%
for
1949,
$58,000 refund¬
bonds of 1944 were sold in
June to Braun, Bosworth & Co.,
of Toledo, on a bid of 100.005, a
&
1956
to
Bond Sale—The
ing
Hill
to
ing of the bonds shall be paid by*
City.
the
Cheboygan, Mich.
Dated Sept.
interest date
any
of the
check
certified
due
1945
bonds, payable to the City Treas¬
a
Recent Debt Reduction
unpaid
from
Enclose
conditioned.
so
and
Sept. 1,
G.
City
less
1944
on
Clerk, will receive
sealed and open bids until 10 a.m.
on
Aug. 30 for the purchase of
$28,500
hospital
bonds.
Dated
Sept. 1, 1944. Due Nov. 1, $1,000
in 1945 to 1949, $1,500 in 1950 to
1962, $2,000 in 1963, and $2,000
May
1,
1964.. Bidders
should
specify the rate of interest, but
no award will be made on any bid
Slitor,
awarded
Co. of Cincinnati.
$5,000 town hall bonds.
portation
Judge Igoe tomorrow.
X Under the plan prepared
election
an
676—were
p.
Tingley, Iowa
for consummation of the transac-
m
in
such
case
the deposit ac¬
r
—
Midland, as 2s, at par.
Dated Aug.
made and
shall
be
THE COMMERCIAL & FINANCIAL
774
to be accepted being those first
maturing, and if two or more bid¬
ders offer to accept the same least
of Commisisoners has adopted on
final reading an ordinance
au¬ amount of bonds at the same low¬
thorizing an issue of $12,000 hos¬ est rate of interest then said bonds
pital improvement bonds, to ma¬ will be sold to the bidder or bid¬
ders offering to pay therefor the
ture in 10 years.
Authorized—The Board
in accordance with his bid if accepted
The
Treasurer.
State
described bonds are coupon
'
NEW
bearer form.
YORK
to pay
not less than the principal
$30,000 and accrued in¬
amount of
terest, and to accept therefor the
least amount of
furnished to the purchaser with¬
out
Enclose
charge.
check for 2%
the
bonds,
certified
a
of the par value of
payable
the
to
Bor¬
bonds, the bonds ough Treasurer.
New Mexico
Exchange
State
for
Treasury Bonds — Guy
Shepard, State Treasurer, announces that sealed bids will be received
until 10 a.m. on Aug. 23, by the State Board of Finance in the Gov¬
ernor's office, State Capitol, Santa Fe, for
$5,992,000 New Mexico
highway debentures to be exchanged for 2y2% U. S. Government
Treasury bonds of 1965-1970,
Series
Date of Issue
fully described
more
Maturity
Rate
as
follows:
Denomination
3-1-37
G-61
3-1-37
Amount
9-1-46
3
G-62
3-1-37
3-1-47
3
$1,000
1,000
1,000
G-63
3-1-37
9-1-47
3
1,000
G-64
3-1-37
3-1-48
3
G-65
3-1-37
9-1-48
3
G-66
3-1-37
3-1-49
G-67
3-1-37
9-1-49
G-68
3-1-37
3-1-50
3
G-69
3-1-37
9-1-50
3
3-1-46
>3
-
3
V
-
3-1-37
3-1-51
3
3-1-37
9-1-51
3
G-76
5-1-37
5-1-48
31/4
G-84
7-1-37
1-1-51
3
G-85
7-1-37
7-1-51
1-1-52
7-1-37
7-1-52
3
G-89
11-1-37
11-1-46
3
G-91
11-1-37
11-1-50
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
3
G-87
■
3
7-1-37
12,000
11,000
13,000
11,000
11,000
11,000
26,000
11,000
1,000
1,000
1,000
23,000
20,000
115,000
25,000
6,000
20,000
10,000
1,000
1,000:
,
G-70
G-86
3
r
-
v
1,000
G-92
11-1-37
11-1-52
3
1,000
G-93
11-1-37
11-1-52
3
G-108
6-1-38
6-1-46
G-lll
6-1-38
6-1-47
G-118
6-1-38
6-1-48
G-120
6-1-38
6-1-49
G-123
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
2V2
2y2
.
2Vz
2V21
4-1-39
4-1-51
2%
G-124
4-1-39
10-1-51
21/2
G-129
4-1-39
4-1-53
2%
G-131
4-1-39
10-1-53
2%
G-135
4-1-39
4-1-54
G-136
4-1-39
10-1-54
G-137
4-1-39
10-1-54
G-138
4-1-39
4-1-55
G-139
4-1-39
4-1-55
G-140
4-1-39
4-1-55
2Vz
2Vz
21/2
2V2
2Vz
2%
G-141
4-1-39
4-1-55
2y2
G-150
2-1-40
2-1-51
3
G-151
2-1-40
2-1-52
3
G-152
2-1-40
8-1-52
3
G-153
2-1-40
2-1-53
3
5,000
G-154
2-1-40
8-1-53
3
5,000
G-155
2-1-40
8-1-53
3
G-156
2-1-40
8-1-53
3
5,000
5,000
G-157
2-1-40
2-1-54
3
5,000
G-158
2-1-40
2-1-54
3
5,000
G-159
2-1-40
8-1-54
3
G-160
2-1-40
8-1-54
3
5,000
5,000
G-161
2-1-40
2-1-55
3
5,000
G-162
4-1-41
10-1-54
23/8
G-163
4-1-41
10-1-55
G-164
4-1-41
4-1-56
2%
2%
.
.
"
v
5,000
,
10,000
10,000
10,000
G-165
4-1-41
10-1-56
2%
G-166
9-1-41
9-1-55
2%
G-167
9-1-41
3-1-56
G-168
9-1-41
9-1-56
G-169
9-1-41
3-1-57
23/8
10,000
10,000
10,000
G-170
2-1-42
8-1-50
2%
10,000
G-171
2-1-42
8-1-55
G-172
2-1-42
2-1-56
2%
23/8
2%
2%
.
Traders Trust Co.
as
Buf¬
of
0.90s, at a price of 100.121,
basis
of
about
0.874%.
Dated
1, 1944 and due $10,000 on
1 from 1945 to 1949 incl.
Other bids, also for Is, included
the
following:
National
Bronx
Bank, New York City, 100.302; H.
L. Allen & Co., 100.22; Commerce
Union Bank, Nashville, and Sher¬
wood & Co., jointly, 100.06; R. D.
White & Co., 100.022.
Niskayuna
$11,000
1,000
1,000
1,000
1,000
3
,
G-71
:
falo,
•
G-60
V:
&
ers
July
July
(State of)
Debentures
registered general village bonds
offered Aug. 15—v. 160, p. 678—
were awarded to the Manufactur¬
a
NEW MEXICO
Would
or
10,000
10,000
<
G-173
2-1-42
8-1-56
2%
10,000
10,000
10,000
G-174
2-1-42
2-1-57
2%
10,000
•
Water
District
No.
6
(P. O. Niskayuna), N. Y.
Bond
Offering
—
Walter
C.
Heckman, Town Supervisor, re¬
ports that the Town Board will
receive sealed bids at the office of
Roy W. Peters, Esq., 514 State St.,
Bids for the entire amount will be considered.
v*.
City. The
tax obligations
of
be
furnished
A
the
certified
successful
check
bonds
rate of interest for all
are
the bonds
terest
redeemable
are
payment
dates
on
dates as follows: Aug.
15, 1954 at 103%; Feb. 15, 1955
through Aug. 15, 1959 at 102%t
Feb. 15, 1960 through Aug. 15;
1964 at 101%; Feb. 15, 1965 and
thereafter to maturity at 100%.
Coupon bonds in the denomina¬
tion of $1,000, registerable as to
principal, or as to both principal
and interest. Principal and semi¬
15)
(Feb. 15 and Aug.
at the principal of¬
payable
fice of City Bank
Farmers Trust
,
on
a
cumulative basis will
sufficient
to
retire
all
Eighth
Series Bonds by maturity;
The
bonds are exempt, in the opinion
at
;
property within the Town will be
10,000
subject tp the levy of ad valorem
125,000 taxes
to vpay. said bonds and in¬
125,000 terest
thereon, without limitation
125,000 as to
rate or amount. Said bonds
125,000 are
issued pursuant to the Town
125,000 Law and
General Municipal Law,
125,000 as
amended, for the purpose of
125,000
constructing a water system in the
125,000
District, the period of probable
125,000 usefulness of which
is at least
125,000 20
years. In the event that prior
125,000 to the
delivery of the bonds the
125,000 income received
by private hold¬
125,000 ers from bonds of the same
type
125,000 and character shall be taxable
by
125,000 the terms of
any Federal income
125,000 tax
law, the successful bidder
125,000 may, at his
election, be relieved
125,000 of his obligations under the con¬
125,000 tract to purchase the bonds and
250,000 in such case the deposit accom¬
250,000 panying his bid will be returned.
250,000 The approving opinion of Vande250,000 water, Sykes &
Galloway, of New
250,000 York, will be furnished to the
250,000 purchaser without cost. Enclose a
250,000 certified check for
$1,200, pay¬
250,000 able to the Town.
100,000
Ossining (P. O. Ossining), N.\Y.
250,000
Bond Offering—Hugh A. Lav250,000
ery, Town
Supervisor, will re¬
250,000 ceive sealed
bids
until
noon
,150,000
(EWT) on Aug. 24 for the' pur¬
Underwriters
made
public re-of4
fering of the bonds at
No bids at less
building
had
made,
delivered
executed,
bonds
in
the
y
principle amount of $1,000 each,
and in spite of recent requests that
NORTH DAKOTA
Bentru
Township, Grand
County, N. Dak;
price of
interest, yields
2.11%
to
maturity.
ingr about
will
be
received
Other
members
of
the
successful
•
;|
the
at
County
Auditor's office until 4
p.m. on Aug. 25 for the purchase
of $3,500 general obligation road
improvement bonds. Denomina¬
tion $100. Due $700 on July 1 from
1945
to
1947.
1949
incl.
Bidder to
Callable
after '
the rate
name
i
of
interest.
Principal and
interest
(J-J) payable at the County Au¬
ditor's office.
Township will fur¬
nish printed bonds and approving
±
legal opinion of T. H. H. Thore-
Esq., of Grand Forks..-.Any
other opinion to be provided by
son,
the
successful
A
expense.
bidder at
certified
his
own
check
forr
of
the
OHIO
'
Bay Village, Ohio
Bond
Sale—The $41,000 series
refunding bonds offered Aug.
160, p. 575—were awarded
to Field, Richards & Co. of Cin¬
cinnati, as l^s, at a price of 100.378, a basis of about 1.415%.
Dated Sept. 1, 1944 and due Oct.
1,
as
follows: $5,000 from 1945 to
*
A
12—v.
1950 inclusive
and
$5,500 in 1951
'
!
and 1952. Other bids:
Int.
Bidder—
Stranahan,
Inc.
First
Harris & Co.,
-1
.
■
•• ••
•
,
..■■
•
100.253
-100.431
2
100.441
■■■:v'•"
Cincinnati, Ohio
•
Bid
'
Ryan, Sutherland & Co
■"'
/
V/2%
*_ 13A
Corp
«
Rate
Rate
Cleveland
a
syndicate included the following:
Blyth & Co., Inc., Lehman
Forks
-
Bond Offering—Sealed and oral
bids
97.50 and accrued
-
.
,
.
Bond Offering Details—As pre¬
viously noted in v. 160, p. 575, the
Board of Sinking Fund Trustees
will receive sealed bids until
noon
Brothers, Lazard Freres & Co;, (EWT) on Aug. 24 for the pur¬
chase of $1,675,000 bonds of the
Phelps, Fenn & Co.r White, Weld
city now held in the sinking fund's
Co., Stone & Webster
and
investment account. The offering t;
Blodget, Inc., Union Securities
consists of the following:
Corporation, • Goldman, Sachs &
Co., Estabrook & Co., Paine, Web-^ $120,000 Grade Crossing Elimina- /
tion 2V2% bonds. Dated May
ber, Jackson & Curtis, W. E. Hutton. & Co., Harris, Hall & Com¬
1,
1929.
Referendum
1926.
pany (Inc.), F. S. Moseley & Co.,
^Maturing $10,000 on Sept. 1 in
each of the years 1948 to 1959, 1
L. F. Rothschild & Co., Chas. E.
both inclusive. Unlimited tax
Weigold & Co., Inc., Equitable Se¬
curities Corporation, Alex. Brown
bonds!
•
;
& Sons, R. H. Moulton & Com¬
55,000 Parks and Playgrounds
23/4% bonds.
Dated Dec. 1,
pany, Inc., Yarnall & Co., Whit¬
1935. Referendum 1927. Ma¬
ing, Weeks & Stubbs, Eldredge &
Co., Inc., Bannahs, Ballin & Lee,
turing $5,000 on Sept. 1 in
each of the years 1946 to
J. S. Rippel & Co.,
Hayden, Mil¬
1956, '
ler and Company,
both inclusive. Unlimited tax
Field, Richards
& Co. and Boland, Saffin & Co.
bonds.
'
/
51,000 Bridges—Ida Street et al •
Other Bid —The authority re¬
,
ceived two bids for the
issue, the
unsuccessful offer of 94.12 for 2s,
a net cost of about
2.309%, having
been made by a syndicate headed
by Halsey, Stuart & Co., Inc.
NORTH
Bond
offered
were
Sale—The
Arnold of
to
turing
p.
bonds
575—
Kirchofer
Raleigh, at 100.11,
bonds.
Dated
Referendum
$3,000
Sept.
on
1,
Sept.
1929.
*
Ma¬
1
in
each of the years 1945 to 1961,
both inclusive.
1937.
$40,000
Aug. 15—v. 160,
awarded
1935.
Unlimited tax
bonds.
Concord, N. C.
coupon or
23/4%
,
204,000 Street—Ninth Street et 1
al 23A% bonds. Dated Oct. 1,
CAROLINA
chase of
$5,992,000 interest
and
Payments will be made into the
10,000
>
defendant
sold
Company, New York, Paying $200, payable to order
Agent. The Manufacturers. Trust township,- is required.
Company, New York, is Registrar.
]
'
*
;
J,
Principal and interest payable
the
Schenectady .Trust
Co., of General Counsel and Bond
90,000
Schenectady, with New York ex- Counsel for The Port of New York
21,000
change. Bonds will be valid and Authority, from any and all taxar
15,000
legally binding general obliga¬ tion (except estate, inheritance
5,000
tions of thd Town payable in the and gift taxes), now or hereafter
50,000
first instance from a, levy upon imposed by the States of New
2,000
property in Water District No. 6 York or New Jersey,
t
50,000
in the Town, but if not paid from
Bonds Publicly Offered—Harris
25,000
such levy, all the taxable real man
Ripley & Co. and Associated
,
,
since
and
Russell M. Van Kirk, of Iriterlaken,
N. J., sought judgment
against the defendant for $7,560 *
and 6% interest for unpaid bonds.
Both complaints stated that the
in¬
payment
be
terest F-A.
with interest at 6% per year
issue
of
municipal bonds,
follows*
as
Beginning Aug. 15, 1949 through
Feb. 15, 1954 at 103%. Beginning
Aug. 15, 1954 redeemable in whole
or in part at the option
of The
Port
of
New
York Authority
through the operation of the sink¬
ing fund or otherwise, on interest
tiple of lA
In¬
>
.
dated Aug. 15, 1944 and
these bonds, which matured this
Aug. 15, 1974.
Not re¬
"year, be paid, had failed to com-v
deemable prior to Aug. 15, 1949.
ply to plaintiffs' demands.
4*
For sinking fund purposes only,
which
1/ 10th of 1%.
.
Edgar B. Whitcomb, of Detroit,
Mich., asked payment of $26,170
mature
of the bonds, expressed in a mul*
or
action.
York Authority, N. Y.
Eighth Series Sinking Fund com¬
mencing in 1949 at a rate or rates
one
^
the
of
Court
interest thereon and costs of court
bid¬
from 1945 to 1964 incl.
name
District
States
recently, seeking
judgment against the above town
for payment of municipal bonds, «
for
Bond
Sale —The
$17,671,000
general and refunding 8th series
bonds offered Aug. 15—v. 160, p.
678—were awarded to a syndicate
headed by Harriman Ripley & Co.,
Inc., New York, as 2s, at a price
of 95.85, making a net interest cost
of
about 2.218%,
based on an
average
life of 19 years.
The
in
In
Asked
complaints were
United
$260,
payable to order of the town, is
required.
Port Of New
Suit—Two
filed
the
N. C.
Bonds
of
Civil
town
and
the
approving legal
opinion of Vandewater, Sykes &
Galloway of New York City will
der.
Dickson
S.
R.
incl.
Walnut Cove,
Collection
Bank,
bonds are
annual interest
$13,000 not to exceed 5%
registered town
bonds.
Dated Aug.
1,
than par, accrued interest and premium will be considered.
All 1944.- Denomination
$1,000. Due
bids must be accompanied by a Certified Check in the amount of
Aug. 1, as follows: $2,000 in 1945
$25,000 payable to the order of the State Treasurer of New Mexico, and 1946 and $3,000 from 1947 to
-
unlimited
1955
to
«
1.152%.
able at the Chase National
York
as
Co., second high bidder, offered
to
pay
100.006 for $20,000 lV2s
and
$20,000 Is, a net cost
of M
Bidder to name a single
interest, expressed in a
multiple of
or
1/10 of 1%.
Principal and interest (F-A) pay¬
Schenectady, N. Y., until 11 a.m.
(EWT) on Aug. 22 for the pur¬
chase of $60,000 not to exceed 5%
interest coupon or registered wa¬
ter system bond?; Bated Aug. 1,
1944.
Denomination
$1,000. In¬
terest F-A. Due $3,000 on Aug. 1
Bidder to
1952
of
New
1.09%,
about
&
,
1949 incl.
rate
of
cost
$24,000 PAs, due $4,000
on Aug. 1 from 1946 to 1951 incl.;
$16,000 Is, maturing $4,000 from
right? is reserved to reject any and all bids.
highest additional price, which
price shall not exceed by more
Cclonie, Latham Water District
Bond urrering —George A. than $1,000 the par value of the
(P. O. Newtonville), N. Y.
Bowen, Borough Clerk, will re¬ bonds hereby offered for sale. In
Bond Sale—The $175,000 coupon
ceive sealed bids until 8 p.m. on addition to the price bid the pur¬
or registered water supply system
Aug, 28 for the purchase of $30,- chaser must pay accrued interest bonds offered Aug. 16—v. 160, p.
000 not to exceed 6% interest cou¬ at the rate borne by the bonds
678—were
awarded to the Na¬
pon or registered street improve¬ from the date of the bonds to the tional Bronx Bank of New York
ment bonds. Dated Sept. 1, 1944. date of payment of the purchase
City, as PAs, at a price of 100.265,
Denomination $1,000. Due $3,000 price.
Proposals are desired on a basis of about 1.22%. Dated Aug.
on Sept. 1 from 1945 to 1954 inch
forms which shall be furnished
1, 1944 and due serially on Aug. 1
Interest M-S. Rate of interest to by the Borough. The bonds will
from 1945 to 1963 incl.
Among
be in multiples of V\ or one-tenth be delivered on Sept. 11, 1944, or
other bids, were the following:
of 1%, and must be the same for as soon thereafter as they may be
Marine Trust Co., Buffalo,, and R.
all of the bonds.
Principal and prepared. The bonds will be pre¬ D. White &
Co., jointly, 1.40s,
interest payable at the First Na¬ pared under the supervision of the
100.28;
Union
Securities
Corp.
tional Bank, South River.
Gen¬ Security Bank Note Co., of Phila¬ and Charles E. Weigold & Co.,
eral obligations of the Borough
delphia, which will certify as to jointly, 1.40s, 100.20; George B.
payable from unlimited ad val¬ the genuineness of the signatures Gibbons & Co. and E. H. Rollins
orem taxes.
No proposal will be of the Borough officials and the
& Sons, iy2s, 100.42; Bacon, Stev¬
considered for bonds at a rate seal impressed thereon.
The le¬ enson & Co. and H. L. Allen &
higher than the lowest rate at gality of the bonds will be ap¬
Co.,: jointly, IV2S, 100.29.
which a legally acceptable pro¬ proved
by
Caldwell,
Marshall,
Herkimer, N. Y.
posal is received.
As between Trimble & Mitchell, of New York,
Bond Sale—The $50,000 coupon
proposals at the same lowest in¬ whose approving opinion will be
terest rate, the bonds will be sold
the bidder or bidders offering
interest
follows:
Approving opinion of Thomson, Wood and Hoffman, Attorneys and
Counsellors at Law of New York City, will be furnished.
All above
South River, N. J.
to
Monday, August 21, 1944,*•
exchange for the Debentures
by the Board of Finance and
to be forfeited if bidder fails to
same
Jersey City, N. J.
Bonds
CHRONICLE
a
&
net
Referendum 1925.
turing $17,000
each of the years
both inclusive.
bonds.
Ma- ;
Sept. 1 in
1952 to 1963,
on
Unlimited tax
^
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4309
160
\
Referendum
1937.
~
turing
r
•'
$2,000
;'
t
1946
t
ited tax bonds.
27,000
Parks,
Boulevards and
^ Parkways 2%% bonds.
Dated
July
1,
1938.
Referendum
1929. Maturing $3,000 on Sept.
r
i 1 in each of the years 1945 to
;
to
Street
Ashland Avenue
—
et al-WPA 21/2% bonds. Dated
Oct. 1, 1941.
Maturing $15,000
Sept. 1 in each of the years
1945
to
both inclusive.
1947,
Limited tax bonds.
24,000 Fire Department — Appa¬
*30,000 Street — Locust/Calhoun
ratus 2% bonds.
Dated May
Streets, et al 2Vz%
bonds.
Dated June 1, 1940. Referen- v;
1, 1942. Maturing $3,000 on
Sept. 1 in each of the years
/*■../> dum 1929. Maturing $5,000 on
,,
'
1945
1 in each of the years
to 1950, both inclusive.
Sept.
'
1945
28,000
Crossing
Grade
tion 2%% bonds.
72,000
.
■V
Elimina-
bonds.
"
-
turing
v
$6,000
Sept.
on
each of the years 1952 to
to
to
1945
'
bonds.
;
Unlimited tax
'
28,000 Plum Street . Widening
2%% bonds.
Dated July 1,
each of the years 1945 to
1
in
1951,
Unlimited tax
both inclusive.
,
Ma-
1928.
Sept.
turing $4,000 on
;}
'
Referendum
1941.
v
bonds.
31,000 Fire Department Buildings
tn 2%%
,
Dated Aug.
bonds.
Referendum
r1941.
1,
Ma¬
1927.
Sept. 1 in
1945 to 1951,
both inclusive, and $2,000 on
turing
$3,000
S each of the
;
1952
;
■
c
on
years
1 in each of the years
1956, both inclusive.
Kv. Sept.
•'
to
Unlimited tax bonds.
Crossing Elimination 2%% bonds. Dated Sept.
1,
1941.
Referendum
1926.
96,000
,
Grade
J Maturing $8,000 on Sept. 1 in
;f each of the years 1945 to 1956,
:
.
if both inclusive. Unlimited tax
C
3 bonds. 1
r
*
.....
1,
1942.
•
1938.
Maturing
Sept. 1 in each of the years
,
-"
r
to 1957, both inclusive,
and $14,000 on Sept. 1 in each
;'V of the years-1958 to 1961, both
X-: 1945
.
inclusive.
.
bonds.
-
-
Unlimited
-
later
(EWT).
1944.
Maturing
$4,000
on
1 in each of the years
1954, both inclusive,
and $3,000 on Sept. 1 in each
of the years 1955 to 1974, both
to
1945
l:, inclusive., ..Limited tax bonds.
All bonds
be converted
to
into
bonds of $1,000 denomina¬
tion by the Trustees of the Sink¬
ing Fund. Bonds to be dated Sept.
1, -1944, as of the original date.
First coupon payable Mar. 1, 1945.
coupon
Mar.
due
Interest
At the request
and Sept.
1
can be examined
Aug. 31, 1944. In the
Bonds
and checked
bonds
bonds may be exchanged for
bonds registered as to principal
and interest. Registered bonds are
transferable upon due assignment.
principal and interest of all
City of Cincinnati bonds are pay¬
able at the Irving Trust
Com¬
•
tax
United
States
by
act
otherwise, the
or
chaser
of said bonds may, at his
option, elect to withdraw his of¬
fer to purchase and refuse de¬
livery of said bonds.
Fair view,
Ohio
$15,000 fire ap¬
construction and equip¬
Bond Sale—The
paratus
bonds offered Aug. 14—v.
160, p. 575 — were awarded to
Siler, Roose & Co. of Toledo, as
3s.
Dated Aug. 1, 1944 and due
Authorized
be issued
to
the
on
of
members
Sewers—University Ave-
nue
et al 2%% bonds.
;
Dated Dec.
lr 1936. Maturing $3,000 on
Sept. 1 in each of the years
1945 to 1962, both inclusive.
et al 2 V2 % bonds.
y
-
-
Limited tax bonds.
'
issue
for "All
or
from
the
used
will
bonds
of
permanent repairs and
improvements on the bridge at
Section
;
* 1946
to
1950, both
inclusive.
Limited tax bonds.
these
will be used for
the
The
tracks.
incinerator
No.
should
and
the
Inc., and Associates, 1.10s, 100.368;
Harris
Trust
&
Savings
Bank,
called
be
Chicago, and others, 1.10s, 100.319;
Ripley & Co., Inc., syn¬
for¬
Harriman
Manufacturers
bonds has
ceased
as
of the
SOUTH CAROLINA
-$1,000.00*
1,000.00*
1,000.00**
1,000.00**
Township
called
500.00**
192
500.00**
^ • 193
500.00**
196
500.00**
*
improvements on
and municipal
Called Dec.
Called June
of
the
(P.
O.
Union),
has
payment on Sept. 15,:
$38,000 Highway bonds,
1, 1924, maturing Jan.
1, as follows: $2,000 in 1945 to
1948, and $3,000 in 1949 to 1958.
There
will become due
able upon each
its presentation
and pay-,,
of said bonds, on
and surrender at
the Central Hanover Bank & Trust
1, 1943.
1, 1944.
Co., New York City, the principal
thereof
to
est shall
interest
accrued
and
thereon
OREGON
County School District
No. 1-J (P. O. Redmond), Ore.
(State of)
order
dated Jan.
500.00**
—
for
1944,
500.00**
179
by
County Supervisor, Bogansville
500.00**
168
that
nounces
500.00**
164
,
Caldwell,
of Union County, an¬
Treasurer
500.00*
157
1
Call—W. F.
Bond
Deschutes
Ohio
-
Bogansville Township, S. C.
123
**
Municipal Market Quiet—J. A.
~
dated Sept.
are
1, 1944.
Other bids included the
following: Halsey, Stuart & Co.,
refunding
been
136
and O.
garage.
1945 to 1954 incl.
date of call:
remainder
Av., over the B.
railroad
to
have
as Is.
1 from
Trust Company, New York City, dicate, 1.10s, 100.314; National City
Bank of New York and Associates,
Fiscal Agents for the state of Ok¬
1.10s, 100.168.
lahoma, for payment. Interest on
be
for
sale
Sept.
cease
15,
1944.
Inter¬
date called.
on
McCormick, S. C.
Bond Sale—The issue of $50,000
Bond
Robinson-
Sale—The
Co., of Cincinnati, re¬ school bonds offered Aug. 14 was Humphrey Co. of - Atlanta pur¬
awarded to Blyth & Co. of Port¬ chased an issue of $30,000 3%
ported on Aug. 16 as follows:
Both demand and activity were land, at a price of par, a net inters public; building
aid refunding
less noticeable in the Ohio mu¬ est cost of about 1.73%, as fol¬ bonds at a price of 100.375, a basis
lows: $38,000 l%s, due Aug. 1, $6,- of about 2.97%.
Dated July 1,
nicipal market during the past
week, with the result that bids 500 from 1947 to 1950 incl. and 1944. Denomination $1,000. Due
White
&
or
None."
If the
intends to bid for any is¬
The
index
lower < grade
10
for
declined
issue of bonds- to the bidder pre¬
slightly to 1.49%
yield from 1.48% last week while
the index for 10 high grade' names
remained unchanged at 1,13%.
Efforts by a group to place on
the ballot in November a consti¬
tutional amendment to abolish the
senting the highest bid therefor,
Ohio Retail Sales Tax have been
bidder
separately, he shall insert the
price offered opposite as many of
sues
issues
the
he
as
desires
bid
to
In such case, the Sinking
Fund -Trustees will award each
upon.
there
providing
that
the
rate
bids
are
bonds
enough
aggregate of such sepa¬
is greater than the ag¬
gregate price offered for all 29 is¬
sues on an "all or none" bid.
Any
bidder may
all
of
insert
The
9th.
had
no
29
issues
and
aggregate
on
however, had
market for
the
'
*
.
Youngstown, Ohio
Bond Offering—Forrest
may
(all or
none) bid for all the issues in the
final bid
space.
The aggregate
an
efforts,
effect
Ohio bonds.
bid separately on any
the
one
or
or
on
ever
more
the
of the separate bids
aggregate bid, which¬
is the most favorable to the
sinking fund. No bids will be con¬
sidered
unless
made
on
blank
by the Trustees of
25,000 Fire Department — Apparatus 2i/2% bonds. Dated Mar; the Sinking Fund. Approving
j
1, 1940. Maturing $5,000 on opinion of the City Solicitor of
Sept. 1, 1945, and $4,000 on Cincinnati will be furnished with¬
Sept. 1 in each of the years
payment
warded
Norwood
J. Cav¬
alier, Secretary of Sinking Fund
Trustees, will receive sealed bids
until Aug. 30 for the purchase of
1 from 1945 to 1948 incl.
legality of this issue has been
passed upon by Squire, Sanders &
Dempsey, Esqs., of Cleveland, and
are valid and binding obligations
charge.
Any other opinion
must be secured at bidder's cost.
out
City, payable from levies
limitation, the
sale of which has been authorized
of
the
within the 10-mill
the Citizens' & Southern National
Bonds Voted—At a recent elec¬
sue
of $8,000
an
Bank, Columbia.
is¬
and
and
City Auditor,
$15,000,000 sewage disposal
dock
thorized
construction
at
the
bonds au¬
7
May
In the opinion
bonds
are
valid
legal obligations of the Town,
by an irrevocable pledge
of the
On Bond Issuance
reports that no decision has been
reached with respect to marketing
of the
the
secured
Portland, Ore.
—J. O. Bredemeier,
counsel
of
construction bonds.
Decision
No
primary
full faith, credit
and tax¬
of the Town. Under
proceedings taken, the Town
is required to levy a direct gen¬
ing
power
the
eral
unlimited
ad
valorem
tax
all taxable property therein
sufficient to meet the payment of
upon
the
principal of and interest on
as they mature, and to
Sweet Home, Ore.
create a sinking fund for that pur¬
New Tax Ordinance — A new pose. Adequate provision has been
made for the levy and collection
local occupation tax ordinance
of this tax. Legality approved by
provides for rates ranging from
Huger Sinkler, of Charleston. :
$20 on businesses such as beauty
parlors, barber shops, carpenter
TENNESSEE
shops, etc., to $300 a year for card
Tennessee (State of)
ooms. Utility companies are taxed
election.
-Cv-V.•.:;v.
said bonds
$150 a year each, according to informatibn to the American Muni¬
Total
cipal Association.
State
Revenues Up
3.60%
collected
of
In
revenue
Tennessee
for
Julyof
the
July
amounted
PENNSYLVANIA
to
$6,726,369, an in¬
$233,749, or 3.60% from
$6,492,620 for the like period in
1943, George F. McCanless, Com¬
crease
Hopewell Township School District
(P. O. Aliquippa, R.F.D.
No. 2), Pa.
of
missioner
of
Finance
and
Taxa¬
$24,000 school tion has announced. The 1944 fig¬
bonds offered Aug. 11 — v. 160, ure, however, represented a de¬
crease of $119,750, equal to 1.75%
p. 576—were awarded to Phillips,
Bond
Sale—The
Schmertz & Co. of Pittsburgh,
as/ from $6,846,120 for July, 1942.
iy2s, at a price of 101.209, a basis^
Receipts from
of about 1.304%. Dated Aug. l,ltaled
$1,501,905,
resolution of the Board of
1944 and
A certified check, drawn on some Sinking Fund Trustees at a meet¬
by
authorized
tion the voters
Principal
payable at the office
of the Sinking Fund Trustees. The
and interest
,
!
for
Due
Notice—The
optional
1938
Sept.
series B bonds as VAs.
$30,000 on Sept. 1 from
300,000
Weleetka, Okla.
of
bonds
have been shaded slightly, prin¬ $6,000 in 1951 and 1952; $12,000 July 1, as follows: $1,000 from
IV2S, due $6,000 on Aug. 1 in 1953 1950* to 1963 incl.; $2,000 from
City, or at the cipally for second grade names.
1964 to 1966 incl.; $3,000 in 1967
Our index of the yield for 20 and 1954.
Bank and Trust
Company, Cincinnati, Ohio. Bids Ohio bonds stands today at 1.31%, Lane County Union High School and 1968, and $4,000 in 1969. Prin¬
cipal and interest (J-J) payable at
may be made separately for each compared with 1.30%'a week ago.
Dist. No. 4 (P. O. Elmira), Ore.
form furnished
.!
bonds
A
on
1964 incl.
All of the bonds
Redemption
following
city council at a recent meeting,
as
$10,000 of the fund accrued
'
'
Bond
series
1945 to
Aug. 29 on the question
of issuing $595,000 airport site and
134
Dec. 1, 1935.
/
Due
held
Bonds will
the
-
$50,000
$1,000,000
Bond Election—An election will
Norwood
$12,500.00. So
of
-
follows:
as
Lawton, Okla.
124
Dated
Maturing $3,000 price bid need not be the exact $26,000 2Vz% final judgment bonds
on Sept. 1 in each of the years
total of the separate prices bid. now held as investments in the
1945 to 1961, both inclusive.
Such bid will be interpreted by sinking fund. Dated Dec. 1, 1943.
1 Limited tax bonds.
and $500.
the Trustees as an alternate bid; Denominations $1,000
54,000 -Sewers—Matlock Avenue i. e., award may be made of any Interest A-O. Due $6,500 on Oct.
T
15690
a
question of
issuing $25,000 not to exceed 3%
interest water system bonds.
the city of
amount
voted
—
Aug. 16—v. 160, p. 479
in
near
•< <
^
*
were awarded to a syndicate com¬
postwar improvement posed of Braun, Bosworth & Co.,
projects involving a total of
Inc., Hallgarten & Co., Francis I. ;
$625,000 bonds.
du Pont & Co., Newburger, Loeb &'
Co. and R. H. Johnson & Co., all
Coweta, Okla. '■
'
of New York, at a price of 100.07,
Election Held—An election was
a net interest cost of about 1.026%,
held Aug. 17 on the
Oct. 1 from 1946 to 1955 incl.
Bonds
$1,300,000 cou¬
improvement bonds
public
pon
various
of
pur¬
$24,000 3V4% refunding
June 1, 1944 and
1, as follows: $10,000 in
$14,000 in 1952.
pany, New York
Provident Savings
or
~
The
^7 for vote
C°mnnssion the expected to»0ffered
is
call
future
on
shall be made subject to taxation
the
Board
Tne
Dated
due Dec.
construction bonds.
said
—
Aug. 1 authorized
Bond Sale—The
Considers Bond Election
income
from
on
Pittsburgh, Pa.
be
derived
Par
issue of
bonds.
Blackwell, Okla.
that prior to the time the
city notifies the purchaser it is
ready to deliver said bonds, the
event
1.
of the owner cou¬
pon
The
a.m.
& Co
Authorized
1948 and
Norwood, Ohio
Sept.
>.
o'clock
10
than
ment
100,000 Parks and Playgrounds
D/2% bonds.
Dated June 1,
Bonds
an
OKLAHOMA
to
1945
also
51,000
not
of abandoned, due to failure to file
such individual bids to cover all the required signatures for the
Referendum
29
issues
and. provided further proposal by the deadline, Aug.
$15,000 "on
•
'
Sinking Fund of the City of Cin¬
cinnati, Ohio, or at the Provident
Savings Bank and Trust Company,
Cincinnati, Ohio, on Sept. 1, 1944,
*
'251,000 Sewage Pollution Elimination ■21/4%
bonds.Dated
C Jan.
applied toward the
for bonds. The
bonds to be delivered and paid for
at the office of the Trustees of the
Limited tax bonds.
Unlimited tax
both inclusive.
"
.<
.
1 in each of the years
1949, both inclusive.
Sept.
bonds.
35,000 Sewage Pollution Elimina¬
tion 2%% bonds. Dated Apr.
~L\ 1, ' 1941.
Referendum
1938.*
Maturing $7,000 on Sept. 1 in
each of the years 1952 to 1956,
bonds.
85,000 Street—Gilbert Avenue et
al 1% bonds.
Dated June 1,
1944.
Maturing
$17,000
on
Maturing $3,000 on
f inclusive.
;
both inclusive.
1953,
Limited tax
1 in
1955,
.
,
both inclusive.
Street — Columbia Park¬
21/4% bonds. Dated Feb.
1, 1943. Maturing $3,000 on
Sept. 1 in each of the years
f Sept. 1 in each of the years
1945 to 1951, both inclusive,
and $2,000 on Sept. 1 in each
of the years 1952 to 1956, both
V
1953,
checks and the
on
100.53
M. Freeman
of Directors
check for $500, payable
Sinking Fund Trustees.
the
1%
the
the
certified
to
100.83
Olyphant School District, Pa.
City, or at the
Secretary of the
Sinking Fund Trustees. Enclose a
No interest
payment
Congress
;
;
Dated
27,000
both inclusive. Unlimited tax
bonds.
31,000 Signal System 2%% bonds.
Dated Nov. 1, 1940. Referendum 1929.
bonds.
way
;
,
2%
1, 1943. Maturing $8,000
Sept. 1 in each of the years
1945
;
:
Harvey Avenue
—
in
of
bid¬
one
bidder will be
by
1, 1940. Referendum 1938. Ma;
Street
Limited tax bonds.
^
.
both inclusive.
banks
Checks of unsuccessful bid¬
on
24,000 Sewage Pollution Elimina¬
tion 2%% bonds. Dated Sept.
i
the
ders will be returned.
Feb.
;
Dated Sept.
Unlimited tax
both inclusive.
1952,
Extension
1,
1940.
Referendum
1928.
Maturing $7,000 on Sept. 1 in
each of the years 1952 to 1955,
\\
to
Limited tax bonds.
Unlimited tax bonds.
-
than
other
final
Unlimited tax bonds.
t
bank
Limited
bonds.
the
1%
M.
Sept. 10, 1944, the
to be delivered at one of
office
Bid
100.15
Economy Bank, Ambridge__ 2
later than
money
Rate
Rate
V/2%
Moore, Leonard & Lynch__
bank, check must be drawn on
a
proceeds of that of the successful
1 in
1945
a
If bid for bonds be made by
will be allowed
on
r
—
accompany
to 1949, both inclusive,
$3,000 on Sept. 1 in each
of the years 1950 and 1951.
each of the years
1954, both inclusive,
•
not
must
1945
45,000
Sept.
nati"
and
>
Int.
Bidder—
Singer, Deane & Scribner.
The
ing Fund of the City of Cincin¬
x
ding.
30,000 Playgrounds 2%% bonds.
Dated Aug. 1, 1939. Referen¬
dum 1929. Maturing $3,000 on
•
thereof and accrued interest.
purchaser must be prepared to
take up and pay for said bonds
bonds.
tax
bids:
order of the "Trustees of the Sink¬
1, 1941.
Maturing $4,000 on
Sept. 1 in each of the years
ited tax bonds.
.
Street
from 1945 to 1956 inclusive. Other
ing held Aug. 3, 1944. These bonds
highest bidder
for no
less than the par value
will be sold to the
years
26,000 Fire Department — Appa¬
ratus 2l/z% bonds. Dated June
Unlim-
1953, both inclusive.
>
and-payable to the
for,
der.
-
-
bid
000
Limited tax bonds,
,
Unlim¬
both inclusive.
bank, for 3% on the first
$100,000 of bonds bid for and for
1% of all bonds in excess of $100,-
both inclusive.
1950,
tax
solvent
Llanfair Avenue
et al 2 Vz % bonds. Dated May
1, 1941.
Maturing $5,000 on
Sept. 1 in each of the years
1945 to 1951, both inclusive.
-
1953,
Dated
each bid;
said check to secure the payment
for said bonds according to such
bid; said check to be forfeited as
liquidated damages in the event
of default on the part of the bid¬
35,000
27,000- Parks,
Boulevards and
Parkways 2%% bonds. Dated
d
Apr.
1,
1938.
Referendum
1929. Maturing $3,000 on Sept.
1 in each of the years 1945 to
-•
to
Limited
v
■
bonds.
Sept. 1 in each of the
f
Unlimited tax
both inclusive.
bonds.
2V2%
1, 1940.
Sept. 1,
Ma-
1927.
Sept. 1 in
1945 to 1963,
on
each of the years
.
al
Street et
Sept.
Maturing $5,000 on
1945, and $4,000 on
Street—Dryden
25,000
-<38,000 Sewer—Alamo Avenue ef
;
al 2%% bonds. Dated Nov. 1,
775
due
$2,000
on
Aug.
excise taxes toa decrease of
1 $143,529, or 8.72%, from $1,645,-
THE COMMERCIAL &
776
unless
than par
accrued interest. This request
tender applies to maximum
434 in
at
will
bonds
of
July, 1943, and a decrease
$405,384, or 21.25% from the
1942 figure of $1,907,289.
Gaso¬
line taxes yielded $1,793,292,. an
increase of $275,729, or 18.17%,
«r
a
and
for
amount of
$1,517,563 in 1943 and an in¬
crease of $126,351, or 7.58%, from
from
considered
be
discount price less
$5,000,
San Jacinto County
(P. 0. Cold-
spring), T exas
$1,666,941 in 1942. Motor vehicle
Bend Sale —Refunding bonds,
were
$124,699, a de¬ series 1944, in the total amount of
crease
of $7,235, or 5.48%, from
$432,500 were purchased recently
revenues
$131,934 in 1943, and a decrease of by the J. R. Phillips Investment
$48,391, or 27.96%, from $173,090 Co. of Houston, consisting of the
1942 month.
in the
following:
Independent
Park
Galena
•
follows: $25,000 in
1949, $26,000 in 1950. $34,000
in 1951, $35,000 in 1952, $36,000 in 1953, $37,000 in 1954,
$28,000 in 1955, and $29,000 in
1956. Bonds maturing in 1953,
June 10, as
^
'
$11,000 in 1960 to 1963, and
$12,000 in 1964 to 1967.
100,000 2% school bonds. Due
Apr. 10, as follows: $6,000 in
1945, $8,000 in 1946 to 1949,
$9,000 in 1950 to 1954,
in 1955, and $7,000 in
-
10,1944. Denomination $1,000. Op¬
on and after July 10, 1954.
Interest A-O. Legality approved
of Chicago.
on
and after June
19,000 3% Courthouse bonds. Due
June 10, as follows: $3,000 in
and
1945,
$4,000
in
1946
to
1949.
314%
34,000
,
in
follows: $4,000
1950, and $5,000 in 1951 to
Bonds maturing in 1955
1956.
optional on and
June 10, 1949, at par and
and 1956, are
after
Complete Municipal Ownership
Wharf Properties Proposed—
Of
23,500
3%
bonds.
Road
Due
10, as fol¬
proposal recently submit¬
City Commission by
lows:
1946
to
Mayor George W. Fraser, the city
would take over complete control
1956.
Bonds maturing in 1955
Under
ted
a
the
to
management of Galveston
Wharves, Inc., and acquire the fi¬
nancial
interest
of the
former
and
Galveston Wharf Co.
While ownership of the facilities
is now vested in the city, manage¬
owners,
properties is still in
ment of the
the hands
of the former owners,
and
$500 in 1945, $2,000 in
1955, and $3,000 in
^
.
;
•
■
.
-
26,000 314% Road and Bridge
bonds.
Due June 10, as fol¬
lows:
$3,000 in 1957 to 1964,
$2,000 in 1965. All of said
bonds
are
optional on and
and
after June
10, 1954, at
par
and
the status of the proper¬
ties resulted in part from the re¬
cern over
cent
announcement
of
George
Seaiy, Chairman of the Trustees,
that the
able
,
to
would
company
make the
nual payment of
of taxes and
was
be
un¬
customary an-
$160,000 in lieu
in need of funds
for repairs and improvements.
:
■:j.
Houston, Texas
Bond Sale—The $575,000 UA%
various
bonds
municipal
offered Aug.
improvement
16—v. 160, p.
a syndicate
€80—were awarded to
composed of First National Bank
of
Chicago, Milwaukee Co. of Mil¬
waukee, Graham, Parsons & Co.,
New
York,
and
the Louis
B.
Henry Investments, of Dallas, at a
price of 100.8952, a basis of about
1.1375%.
Sale consisted of $400,€00 drainage sewer bonds, due
$20,000
on
Sept.
1
from
1945
to
1964
incl.; $70,000 park bonds, due
$7,000 on Sept. 1 from 1945 to 1954
Incl.
and
$100,000
general
im¬
provement bonds, due $10,000 on
Sept. 1 from 1945 to 1954 incl. All
of
the
1944.
bonds
are
dated
Second
Sept.
1,
high bid of 100.86
by a group composed
of Phelps, Fenn & Co., Inc., Chem¬
ical ; Bank
&
Trust
Co.
and
was
named
scribed
blocks
of
bids
the two said
and if awarded
on
bonds;
law.
Legality
to
whichever
of the following two
plans of payment shall be decided
upon by the Sinking Fund Board
the best bid
for each
block.
In
arriving at
what is the best bid, either for the
of
the
above
forth in the successful bid
at its
may
both
blocks,
on
tiples of y4
l/10th of 1%. Bids*
or
for the entire issue of bonds bear¬
at the time of
considering the bids,
ing one rate of interest may be
by the City Council submitted; bids for the
bonds
bonds as a whole or in separate by resolution.
Payment Plan No. bearing different rates of interest
blocks, the total amount of inter¬ 1: Due $10,000 Jan. and July 1, may also be submitted. The pur¬
est to be paid by the City through¬
1947, $20,000 Jan. and July 1, 1948, chaser must pay accrued interest
out the life of the issue shall be $25,000 Jan. and July 1, 1949, $10,- to
the date of/delivery of the
000 Jan. and July 1, 1950, $60,000 bonds. No bid will be considered
considered, and the amount of the
Jan. and July 1, 1951, $70,000 Jan. for less than par and accrued in^
premium, if any, will be deducted
therefrom, or if a discount is paid, and July 1, 1952 and 1953, $80,000 terest. Bids must be for the en¬
the amount of the discount will Jan. and July
1, 1954 to 1960, tire issue. The bonds will be sold 1
be added thereto. Preference will $100,000 Jan. and July 1, 1961, to the highest and best bidder.;:
be given to the
lowest interest $150,000 Jan. and $200,000 July 1, The approving opinion of Wood, ■
rate or rates, other things being 1962, and $200,000 Jan. and July 1,
Hoffman, King & Dawson, of Newt
Plan No. 2: Said York,
equal. The interest rate or rates 1963 and 1964.
will
be furnished.
The'■
on bonds will be fixed by resolu¬
bonds to become due and payable bonds will be furnished and
paid
tion of the Council after bids are as specified in Plan No. 1, pro¬ for by the city and will be de¬
received, at the rate or rates set vided, however, that the city may, livered to the purchaser on or be-#
accepted
and
by the
interest
at
City.
or
bids
payable in
lawful
the Chase National
in
on
or
about
Sept. 12, 1944,
otherwise may
expense to bid¬
the
City, or as
be arranged at no
ders.
The approving
of
New
Enclose
opinion
of
York, will be furnished.
a
certified
check
for 2%
of the face value of the bonds bid
for, payable to the City Treasurer.
WASHINGTON
Spokane County School District
No. 81 (P. O. Spokane), Wash.
Bond Sale—The issue of $3,400,000 building bonds offered Aug.
11—v. 160, p. 480—was awarded
to a syndicate headed by Halsey,
Stuart & Co., Inc., Chicago, and
be
approved by the Texas Attorney
General and
Vandewater, Sykes &
Galloway, of New York.
upon
bidder shall fix the interest rates
or any
Jan.
on
of the
redemption
1,
1955, or any interest
date thereafter, upon 60
paying
bore
Oct.
15,
delivery
1944, and
will be made in Tacoma.
a
certified check for
Enclose
$40,000,
able to the city.
?j
pay- it i
\
,
I
Bonds will be
prepared and are expected to be
ready for delivery to the pur¬
chasers
option, call all
Principal outstanding bonds for
all
Municipal Bond Sales In July; /
|
;
Municipal financing during July was in keeping with the war-r |
time trend, both with respect to the volume of financing accomplished1^
and its composition.
Sales for the period aggregated only $34,020,196
and
this figure included loans for refunding purposes, as distin-;
guished from new debt creation, in the principal amount of $22,423,000.
Again, as in earlier months, a considerable volume of old issues J
re-entered the market
result of liquidation conducted by private" I
public trust funds. Operations of this char- j
acter are not included in our compilations as their inclusion would
j
serve to create an erroneous impression as to war-time debt creation
by States and municipalities.
As a matter of fact, in some months*'
secondary offerings have reached the market in larger amount than
the total of new financing negotiated.
Judging from the progress of I
military operations, particularly in the past few months, the time is
institutional
sources
as a
and
not too far distant when the States and?local subdivisions will be able
J
to
1
proceed with
numerous
improvements and projects which had to
be deferred because of war-enforced restrictions
and manpower
on
use
of materials
Consequently, the prospect is for
shortage.
a
marked
expansion in the volume of municipal financing, the bulk of which
will be in the
new issue category.
Returning to market activities in July, the record shows that the
largest single new issue financing in the period consisted of $4,815,-
Washington Toll Bridge Authority refunding revenue l%s of
Sept. 1, 1960.
The loan was underwritten by A. C. Allyn & Co., Inc.,
Chicago, and Associates, the group having acquired the issue in competitive bidding at a price of 100.0107.
A development of interest
during the month was the failure, on two occasions, of the City of
St. Petersburg, Fla., to dispose of an offering of $18,000,000 refunding
000
I
I
I
I
J
I
instance, the city rejected the bids as unsatisfactory. I
Initially, it specified that the bidder name an interest rate of not I
more than 2V%%.
On the second occasion, a rate of up to 3% wastT
permissible, which attracted an offer of 98.02 for that rate.
Short-term municipal financing in July amounted to $121,625,150, I
most of which was accounted for by the City of New York and local I
Tn each
bonds.
housing authorities in various sections of the country. This latter type J
appeal to banks for their own investment account. I
In the case of housing authority bonds, however, the market is ex- I
of debt has its chief
and,
tremely broad
with each new offering, there is a noticeable
I
improvement in competitive interest among investment banking and I
municipal bond firms.
1
*1
Canadian municipal issues awarded in July amounted to $12,- j
142,918, of which $8,750,000 was contributed by York Township, Ont.
bonds, issued for refunding purposes, were brought to market
by Harrison & Co. of Toronto, and Associates.
The City and County of Honolulu, Hawaii, accounted for the $1,-
These
in July.
1949-1973
to a syndicate headed by the First Boston Corp., New York City, at a
price of 109.169, a basis of about 1.87%.
In addition, an issue of
$200,000 2%% water works refunding bonds, due 1945-1954, was
taken by the Mercantile-Commerce Bank & Trust Co., St. Louis, and
the Commerce Trust Co., Kansas City, in joint account, on their bid
700,000
The city
of
of United States Possession financing negotiated
awarded $1,500,000 2y2% water revenue bonds of
107.891, a basis of about 0.931%.
Below we furnish a comparison of all the various
curities sold in July
V V.
Perm't
'Temp.
.;.
■
during the last five years:
1944
/
V
1942
1941
121,305,150
$81,307,912
220,451,500
3,515,548
6,733.937
383,100
5,132,000
$49,492,261
S.)_
121,625,150
12,142,918
(perm't)—
Placed
in
Placed
in
U.
Canada—
S._
U.
Poss'ns—
S.
None
None
None
None
None
1,700,000
None
None
400,000
None
.•
,
—
,
•
.
-
.
—
-
—
-
J
-
-
.—
-
]
1
J
-j
I
I
I
1940
$55,607,629
227,818,224
$34,020,196
(U.
j
1
I
$47,317,329
132,370,000
1943
(U. S.)—
loans
Can. loans
Bonds
V
.
loans
I
I
forms of se- 9
of the taxable property therein
Total
$169,488,264 $174,312,959 $186,421,766 $284,208,953 $306,891,412
on
each block of bonds in mul¬
without limitation as to rate or
Kauscher, Pierce & Co. Other
'Including temporary securities issued by New York City: $60,000,000 in July, 1944;
tiples of one-tenth of 1%. .On "all
bids: Halsey, Stuart & Co., Inc.
amount.
The bankers regard the $45,000,000 in July, 1943; $45,000,000 in July, 1942; $40,000,000 in July, 1941, and
or none" bids for both blocks
of
and Associates,
bonds as being legal investment $60,000,000 in July, 1940.
■'//'/.
;/■•:////
100.78; Bankers
bonds
as
a
whole, the bidders for
Trust Co. ol New York, et al,
The number of municipalities emitting long-term bonds and
savings banks in New York
shall, at their option, submit bids State.
the number of separate issues during July were 86 and 95 respec¬
100.718; Lazard Freres & Co. and
V *'//•./
in multiples as above provided,
others, 1100.582; Harriman Ripley
tively.
This contrasts with 111 and 125 for June.
;
Tacoma. Wash.
fixing one interest rate on all of
& Co., Inc., account, 100.539//
For comparative purposes we add the following table show¬
V; the
Bond Offering — L. W. Craig,
bonds, or one interest rate on
Madisonville School District, Texas
ing the aggregates for July and the seven months for a series of
one
block of bonds and another City
Controller, will receive
Tenders
Wanted
years.
In these figures temporary loans, and also issues by Cana¬
President interest rate on the other
block of sealed bids until 2 p.m. (PWT) on
Board of Trustees J. N. Raney an¬
dian municipalities, are excluded:
bonds.
The
City reserves, the Sept. 7 for the purchase of $3,For the
Month
For the
nounces
''
that
he
Month
will, receive right to
reject any or all bids for 000,000 not to exceed 4% interest
7 Months
of July
7 Months
of July
sealed tenders until Sept. 1, at
the bonds either in blocks or as coupon or
1937—
$640,525,645
$83,719,511
$341,977,234
registered light and 1944__:
$34,020,196
10 a.m., of refunding bonds, Se¬
42,306,168
1936
656,752,581
a whole, and shall have the
315,702,928
—"
49,492,261
right power revenue bonds of 1944. 1943
ries A,
1935
687,479,117
87,468,655
1942
*
47,317.829
379.827,974
bearing interest at the to accept bids on, and issue
only Dated Oct. 1, 1944.
Interest J-J. 1941
94,813,199
614,383,734
55,607,629
660,363,168 1934_;
rates as follows: From April 10,
bonds in Block 1 (bonds Nos. 1 to Denom.
30,395,055
256,820,181
1933
$1,000. These bonds will 1940
81,307,912
632,114,321
1950 to April 10, 1957, 3%, from
1932
27,831,232
556,300,772
225, inclusive), or accept bids on, be an obligation only against the 1939
83,248,680
810,147,280
1931
947,954,662
96,766,226
April 10, 1957 to April 10, 1965, and issue only bonds in Block 2
46.675,789
555.308,781
special fund known as City of 1938
3V2%, and from April 10, 1965 to (bonds Nos. 226 to 450, inclusive)/ Tacoma
(List of issues sold during July will be given in a subsequent
Light and Power Fund of
April 10, 1980, 4%.
No offer otln awarding the bonds, after bids
1944, created by Ordinance No. issue.)
' '
:" ' "
: *
'/
*
*
submit bids under either or
of said plans;
bids under
and approved
in separate
$165,000 in 1960, $168,000 in 1961,
$171,000 in *1962, as 2s; $175,000
maturing Sept. 1, 1963, as PAs;
$178,000 maturing Sept. 1, 1964, as
HAs; and $552,000 maturing Sept.
*
VIRGINIA
1, $182,000 in 1965, and $185,000 in
Lynchburg, Va.
1966 and 1967, as Is.
Bonds ma¬
Bond Offering
Details — As
turing in 3965 to 1967, subject to
previously noted in these columns, the right of prior
redemption on
the city is offering for sale an is¬
any interest payment date on or
sue of $450,000
coupon or regis¬ after
Sept. 1, 1954.
tered funding and public improve¬
In addition to Halsey, Stuart &
ment bonds.
Sealed bids will be
received by George M. Bell, City Co., Inc., and First National Bank
of Chicago, the purchasing group
Treasurer, until 7:30 p.m. on Aug.
consisted* of: Blair & Co., Inc.,
29.
The bonds are dated Sept. 1,
Hemphill, Noyes & Co., of New
1944.
Denomination $1,000.
Due
$25,000 on Sept. 1 from 1946 to York; y William Blair & Co., of
Chicago; Murphey, Favre & Co.,
1963 incl.
of
Spokane; First of Michigan
Bids will be taken on the bonds
Corp., of New York; Milwaukee
in blocks, and also "all or none"
Co., of Milwaukee; Martin, Burns
bids will be taken on the entire
& Corbett, of Chicago, and the
issue. Block 1, covering all bonds
Drumheller, Ehrlichman Co., of
maturing Sept. 1, 1946 to Sept. 1, Seattle.
1954, inclusive (being bonds Nos.
At prices to yield from 0.55%
1 to 225, inclusive), shall be bid
to 1.20%, according to maturity,
on as one block; bonds
maturing the bonds are
being issued for
Sept. 1, 1955 to Sept. 1, 1963, in¬
construction purposes and in the
clusive (being bonds Nos. 226 to
opinion of counsel will constitute
450, inclusive), shall be bid on as valid
and legally binding obliga¬
a second block.
In all bids on the
tions of the district payable from
two blocks of bonds separately the
ad valorem taxes levied
by
each
under
of separate
interest.
the First National Bank of Chi¬
by virtue of their holdings of
All
of
the
bonds
are
dated cago, on their bid of 105.402, a net
$2,500,000 "B" bonds against the
property^ In his message to the June 10, 1944. Interest J-D. One interest cost of about 1.2468%, for
City Commission, Mayor Fraser bond in $500 denomination; others the bonds divided as follows: For
expressed concern regarding the $1,000 each. Principal and inter¬ $2,495,000 maturing Sept. 1, $125,in
affairs of the properties and rec¬ est payable at the State Treas¬ 000
1946, $127,000 in
1947,
ommended a bond issue for the urer's office. All of said bonds are $130,000 in 1948, $132,000 in 1949,
purpose of acquiring all of the full and direct obligations of the $135,000 in 1950, $138,000 in 1951,
outstanding "B" bonds and there¬ County, payable from unlimited $140,000 in 1952, $143,000 in 1953,
by permit the city to assume ad valorem taxes levied against all $146,000 in 1954, $149,000 in 1955,
management, as well as control, of the taxable property within the $152,000 in 1956, $155,000 in 1957,
the properties. The Mayor's con¬ County
within the limits pre¬ $158,000 in 1958, $161,000 in 1959,
*
to be is¬
received for said bonds
Payable at the office of the
each plan must be separate. Rate
or rates of interest to be in mul¬
1956, are optional on and
June
10, 1954, at par
itifprpQt
days' advance notice. Bids will be
sued
desigated payment plans; bidders
after
onH
of paying
purpose
blocks, or on an "all City Treasurer or at the fiscal
agency of the State in New York.
or none" bid for both blocks, pro¬
vided such "all or none" bid is The bonds shall become due and
in
accordance
with
better than the best combination payable
Bridge Wood, Hoffman, King & Dawson,
and
June
12561, for the
the principal1 and interest of this
issue.
for separate
Courthouse bonds. Bank, New York.
Due June 10, as
;
to
accepted for the entire issue
bonds, they shall be awarded
the best combination of bids
currency
interest.
Galveston, Texas
M
optional
10, 1949, at par and interest.
$10,000
1956.
tional
by Chapman & Cutler
are
dated July
All of the bonds are
Road bonds. Due
3V4%
250,000
$125,000 lVz% school bonds. Due
Apr. 10, as follows: $3,000 in
1956, $10,000
1957 to 1959,
■
in 1948.
and $24,000
Phillips
Investment Co. of Houston re¬
cently purchased $225,000 bonds,
follows:
and 1947,
1945, $19,000 in 1946
District, Texas
as
bonds. Due
follows: $18,000 in
June 10, as
School
Sale —The J. R.
Bond
Road
2%%
$80,000
TEXAS
are
of
Monday, August 21, 1944
FINANCIAL CHRONICLE
I
vl
@FedFRASER