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R 1AJ /»< * Ul - Al W •* % ' MONDAY 2 2 1949 AUG i5^'" ubr«*y BUS. <L an Chronicle Reg. U. S. Pat. Office Volume New York, N. Y., Number 4831 170 Price 75 Cents Monday, August 22, 1949 General Corporation and Investment RAILROAD PUBLIC UTILITY - Adams Express Co.—Change in Scull Holdings— company and William S. Scull Co. (Camden, N, J.) have requested SEC authorization for: (1) The repurchase by Scull from Adams at the principal amount of $75,000 of Scull 4. debentures due Dec. 31, 1S56; (2) the repurchase by Scull from Adams of 10,000 shares of Scull capital stock, $10 par value, and warrants for an additional 10,000 shares for a total of $75,000; and (3) the exchange j.- This * Adams is Such asset values portfolio tures due The 31, Dec. has SEC hearing.—V. A interested Aug. until persons to 26 request a of television has in more than a third receivers—from 10,000 to increase of Yon Aug. been 13,500 by Natural Alabama-Tennessee group holders of the company on the basis of three '"additional common for each common share irecord shares of of held Aug. 4, 1949. Warrants for 24,579 shares were during the ^ subscription period which ended exercised ■ Aug. 12. Jat noon, ./ Net of proceeds from sale the of sale future the common additional an sale, stock proceeds with together 4% bonds and the bonds under certain mortgage $1,300,000 of such of $1,700,000 of first will be used to pay the natural gas pipe line system in southern Tennessee, northeastern Mississippi and northern .Alabama.' !:.Y;"VY.Y ■■■'■ The company will purchase natural gas from the Tennessee Gas Transmission Co. for transportation and resale of certain industries, municipalities and distributors in its territory. According to the prospectus, the company has 20-year gas sales contracts with Rey¬ nolds Alloys Company and with the Tennessee Valley Authority which it is estimated, will provide over 65% of the company's gross revenues costs estimated for five first the of construction of proposed a the authorized, approximately Y'- 'f company's line will have a capacity of Upon completion of the proposed financing, the company will have outstanding $3,000,000 of first mortgage pipe line bonds, 4% series, serial notes; $225,000 of 3% 1969: v.'W.;- and $1 ■ - ■ Gas Co.—Partial Redemption— on Sept. 1, next, $39,000 of first mortgage 3%% (now 3%) bonds due 1965 at 104 and interest. Payment will be made at the Fidelity-Philadelphia Trust Co., successor trustee, 135 So. Broad St., Philadelphia, Pa.—V, 168, p. 2317. Allentown-Bethlehem There the have been called redemption for 168, 1948 $432,606 $1.66 2317. p. Interest of per X - ' , share 169, p. 1877. v., ■' ^ income 1940, Invest, All in other and Total North The liabilities net assets American plus invests., less cash other before loan Total income Expenses Int. on $188,912 assets values per Co and receivables, bank loan—._ 250,416 $1.69 V .• '. 881 2,783 30,216 ' on value, of ♦At 2,128 Y income Fed. $827,663 bank loan $472,669 $377,543 $ 238,502 74,073 86,174 55,154 32,625 39,375 57,237 15,701 45,400 11,200 ■Y, 16,000 23,600 $682,325 $107,903 $267,014 $376,131 tax Ridge income .___• ♦Exclusive of net profit on sales of securities which was credited directly to earned surplus of $137,593 in 1949, $157,192 in 1948, $486,945 in 1947 and $3,361 in 30, 1949, of common stock — At June 30, 17,452 +$199,166 $274,251 44,542 $253,947 42,797 20,222 20,111 20,111 $136,146 $209,598 $212,002 142,200 142,200 r taxes- $150,339 • 142.200 has been made for Federal elected has to be taxed as 21,834 62,120' 61,891 ' dividends dividends intends / income taxes, the com¬ as company'* investment "regulated a 156,420 distribute to substantially all of its net investment in¬ tAfter adjuring for dividends received in 1947 from Central & come. West South dividends Utilities and Corp. later found were to be Electric without regard NOTE—Computed Bond of return Share & These Co. capital. ' $111,775 realized on for-the first six months of 1949, $520,032 in the corresponding period in 194P and $218,037 in the same period in 1947. to profits of At market quotations pany amounted 1949 the net value If common stock at $12.50 the assets net all June of as to $7,070,403, asset warrants would equal 30, 1949, the net assets of the com¬ to $19.88 per chare. At March 31, $20.54 was All have of the been accrued outstanding called for dividends. Company, shares 40 Wall St., preferred stock, class A and B, Oct. 14 at $110 per share, plus at Bank of the Manhattan of redemption Payment on will at and share per entitling holders to purchase share had been exercised per have amounted to $19.50 per 1948, 31, Dec. 19,500 shares of June 30, 1949 share.—V. 169, on p. 1661. American Export Lines, Inc.—Changes American Bemberg Corp.—Calls Preferred Stocks—, be made New York, N. Y.—V. 170, p. John E. Slater, Executive have been elected in Personnel- Vice-President, has been elected President Aug. 10. Joseph A. Thomas to succeed William H. Coverdale, who died has been elected to succeed Mr. Coverdale John F. Gehan, Vice-President, and directors.—V. 170, 589. p. Chairman as the Board. of Coverdale Miles Kennedy 589, :: Steamship Co. Quotations 78,009 _____________ investments and capital gains Provision for $140,574 276,938 Federal taxe., 360,908 $286,456 Total income Page 60,740 $9,518 _ profit Income from Stock and Bond 1948 $13,626,357 $17,205,931 13,538,830 17,004,617 ... expense Depreciation Gross 1949 revenue v. (& Subs.)—Earns. 6 Months Ended June 30— Operating Operating In This Issue '' • American-Hawaiian New York Stock Exchange New York Stock Exchange New Curb Exchange York Stock (Stocks) 13 Net (Bonds) 24 29 34 34 34 35 Earned Exchange Chicago Stock Exchange. Cincinnati Stock Exchange Cleveland Stock Detroit Stock Exchange 35 Exchange 35 36 _..36 36 37 —38 38 39 41 Exchange St. Louis Stock San Francicso Stock Exchange Stock Stock Exchange Exchange Exchange Exchange Exchange—Curb Section Over-the-Counter $501,482 income_____; 96,420 115,000 $190,036 on profit surplus, Jan. Total $386,482 20,414,529 $20,801,011 Dividends paid 567,525 Earned surplus, 589,950 $19,238,055 30 June $20,211,061 CONSOLIDATED BALANCE SHEET, JUNE 30, 1949 ASSET8—Cash, $2,338,606; United States Treasury obligations, at cost, $2,715,000; accounts receivable, less reserves, $4,783,436; inventory of merchandise of other Federal of the serve, and companies taxes for Internal $1; placement supplies, at or prior at cost, $123,408; investments in stocks cost, $4,280,101; estimated refund of principally under carry-back provisions below years, Revenue Code, assets fund allocated as:ets, in $879,276; Insurance to Joint account mixed claims Fund, with awards, less $1,150,000; United vessel States LIABILITIES—Accounts Federal taxes on disbursements on vessel surveys and vesse* income, payable redelivery replacement and estimated, uncompleted accrued $279,753; voyages, expenses, $87,946; fund, liabilities, excess $488,010; $2,428,372; of 6,121,667 reserve for reserve for News—Cover 50 The Course of Bank Clearings..— .43 Redemption Calls and Sinking Fund Notices—44 Dividends Declared and Payable 44 19,885,292 2,300,000 $7.26 $7.02 and Foreign capital gains contingencies, $445,000; reserve for insurance, $1,150,000; capital stock ($10 par), $5,000,000; appropriated surplus for replacement of vessels, $12,642,825; unappropriated surplus, $6,595,230; Treasury stock (126,700 shares at 7.72 Bond Exchange Offerings.— p. 2746. 44 Rates.. St. Louis Listed and Unlisted Securities Edward D.Jones * Combined Condition Statement of Federal Reserve ' v 8.19 City Condition 44 Banks Statement of Member Banks Federal Reserve System Establiahed & Co. 1871 300 North 4th St., St. Louis 2, Missouri Members of 44 over for periodic Miscellaneous Features State re¬ $2,153,823; revenue reserve General Corporation & Investment 7.687,971 re¬ Maritime Commission, $9,296,072; vessels, property and equipment, at cost less depreciation, $1,876,652; unexpired insurance and other items, $657,756: total, $28,100,308. cost), Dr$3,170,651; total, $28,100,308.—V. 169, Dec. 31,*48 19,615,544 $19,805,580 ____ ________— 24 (Dow-Jones) 1 surplus 42 Markets as 1949 the closing market price of the common stock of Blue Ridge Corp. was $2,875 per share and the asset value was $3.62 per share, as compared with market price of $3.00 per share and asset value of $3.56 per share at Dec. 31, 1948. closing market prices. 3.184 30,930 securities 5,931 169, p. 17G9. 1946.—V. 33 National Quotation Industrial Stock Averages_33 applic. to class b stock— $18,179,123 $17,585,292 Corp 5,715 $191,325 In $19.53. Net Stock and Bond Averages share- (2,504,110 shares outsanding)— asset value, rather than market of 3,116,000 shares Blue 1946 $246,401 7,546 $178,339 12,143 $250,867 17,533 Income Common . 25,875 , Transactions New York Curb Exchange...—. 24 > 20,479,122 2,300,000 than Class B stock Based ; 385,726 1___ Toronto Stock * Asset ♦Net $56,727 185,847 ; >.____ bank loan *$8,958,500 *$9,348,000 3,832,650 4,415,625 Corp ; Balance—net Bank 2093. p. 1947 1948 1949 $168,077 accrued or 10,056 Preferred and 25,244 is summarized as follows: affiliated co.—Blue Ridge in $1.45 169, estate.—V. real of sales of securities Toronto June 30.'49 Invests, reed. pany 1946 - Transactions New York Stock Exchange V'.v' with Dec. 31, $1.44 sale Interest ACCOUNT $212,377 j 1948 Harry A. Arthur, President, on July 22 said in part: The financial position of the corporation as of June i INCOME 1947 • $424,700 American Cities Power & Light Corp.—Report— compared $1.07 $0.99 on received divs. Exps., incl. misc. 1948 quots. Montreal Curb / . $368,803 Total income $793,287 ._ 1949 shares common $3*35,074 share- com. received Divs. 1949 $295,570 250,416 $1.18 profit after charges and taxes Earned i Corp.—Earnings— 6 Months Ended June 30— Number Int. 32,248 ; Montreal Allied Products per ♦No provision dividends $272,803 American European Securities Co.—-Earnings— Cash notice. that Pittsburgh Stock Exchange 1949 $543,891 $2.03 and taxes 261,290 shares profit after all charges Earnings per share on ' in Philadelphia-Baltimore Stock Exchange. Allied Laboratories, Inc.—Earnings— 6 Months Ended June 30— —V. described COMPARATIVE market 248,000 $250,843 profit 6 Mos. Ended June 30— for Fed¬ a hearing of which notice was sent report, the U. S. District Court Virginia dismissed with prejudice all claims 6 Mos. End. June 30— Cash *616,803 244,000 last quarterly of Los Angeles Stock Net Company * Boston ■Y Investment Regulated a $8,921,915 609,074 149,000 120,000 shares of common Y' ' v. principal underwriters in the offering were Johnston, Lemon & Co.; Mason-Hagan, Inc.; C. F. Cassell & Company, Inc. and Marx & Co. See further details in V. 170, p. 589. par value. Associated with the stock, —V. Cash in lieu rate of 41'Ac of operation. years 31,000,000 cubic feet per day. Net the at if such qualification should become desirable. 142 miles long, will tap the -main line of Tennessee Gas near Selmer, Tenn., pass through the northeast corner of Mississippi and through the Tennessee Valley area in northern Alabama, terminating near Huntsville, Ala. As presently I 1949. 7, paid $8,515,451 *455,803 183,000 including $70,405 profit stock held company's main line, approximately The due was *4,901,161 399,843 tax for income Earn, B serial notes, plus $225,000 of 3% conditions, as stockholder's suit the March on stock $4,696,273 Net of The North of one share shares of class 1949—6 Mos.—1948 1949—3 Mos.—1948 ♦ taxes. before earns, Prov. This distribution will facilitate the qualifi¬ District in Net following 1949, 2, stockholders with Sold— Co.—Stock Gas headed by Scott, Horner & Mason, Inc., of Lynchburg, Va„ announced Aug. 12 the completion of the sale of 65,421 shares of additional com¬ mon stock, $1 par value; at a price of $11 per share to investors. The shares represented the unsubscribed por",tion of 90,000 shares initially offered to common stock¬ underwriting An company 40 Co.—Earnings— American Colortype Sales plan for the liquidation of the United Light & Railways Co. and its subsidiary, Continental Gas & Electric Co., has been filed with the Securities and Exchange Commission, pursuant to which stocks of subsidiary operating utility companies will be made available to United Light stochkolders. United Light has indicated that the liquidation should be completed by June, 1950. : p. 589. i the MISCELLANEOUS - Period End. June 30— A in Chicago, of the longest straight production line in the tele¬ vision industry, and by the installation at the Harvard, 111., plant of facilities to manufacture 500 television receivers per day.—V. 170, . such asserted announced week—was a business of of 1949 30, after 1949 each for for the Eastern plant - close shares of June tOn to corporation's production the J. B. Huarisa, Executive Vice-President. The increase made possible by the development, at the Cortland Street 11 of June :Y;\;Yv'v March 25, on eral income tax purposes Admiral Corp.—Increases TV Production Facilities— An the at ended securities), of stock common share of class B stock. cation 4 \ fractions per 393. p. record of months sales on paid was Co. of six security profits. from dividend American or 1955. given 170, shares 10,000 owns $137,598 of paid was Dec. 31, 1955, now held by Adams. diversified management investment company closed-end, a presently i the for News closing market prices or valuations of on securities. income profit 10.2% of the 97,325 shares of Scull capital stock outstanding, warrants to purchase an additional 10,000 shares, and the total issue of $175,000 of Scull 4V2% deben¬ and based are INSURANCE - (excluding net deducting expenses, interest and taxes, was $682,325, equivalent to 27.25c per share of outstanding class B stock. This amount of net income includes a dividend of $623,200 from Blue Ridge Corp. Based on the June 30, 1949 report of that company, it appears that $431,878 of this dividend Net debentures due of Scull 4V2% * debentures due Feb. 1, 1955 for $100,000 Scull ±l/2% 'of $100,000 of new INDUSTRIAL - Copy a New York Stock St. Louis Stock Exchange Exchange Chicago Bd. of Trade New York Curb Exchange Associate Chicago Stock Exch. Phone OEntral 7600 Bell Teletype 8L 593 . 2 THE (686) American Home Products Corp. (& ' Federal income 1948 1949 6 Mos. Ended June 30— $9,793,166 taxes 3,516,103 —.— Federal taxes Net profit —V. share., per ————— „ —. $4,390,146 3,858,585 $1.14 $5,254,800 3,858,585 — — shares of Earned $1.36 ... 170, p. 297. V " ■/ Earns, per •Includes 1948 stock - net " 1946 .- each to 1,531,334 $1.30 $1.73 $1,436,270 from News Co. 24 Rise—Earnings Drop—New Director Elected— 6 Months Ended June 30— Net salej Profii before taxes— profit Number capital Earned 633,000 985,000 915,000 $950,836 842,872 $1,475,551 842,872 $1.75 $1,373,144 842,872 : — — shares.———— share— ——-1— per 2,460,551 $79,926,703 2,288,144 , , $1.13 Quarter Ended June 30— Net sales Net profit after John T. also is Banks director a Safe Deposit Co.—V. Trust 659,959 170, of Trust Manufacturers New York City, and Co., the Provision this ended Aug. week the For Earned 608,000 kwh., V. 170, p. 589. to 11.78%, or over corresponding $160,990 >$186,480 53,316 ■ — per non-current, $11,031; term payable, Net sales Net income •Earned 44,393,000 after per taxes. 17, 1949 $0.23 •Based on $0.50 10,043,291 common shares.—V. 169, $0.59 stocks reacquired, Dr$ 15,085; im¬ in amortiza¬ process of total, $1,935,741.—V. 169, p. The financial position the of corporation Cleo and F. & Telegraph Co.—New Director Craig. Vice-President in charge of operations, requirements, has been elected a director. ' revenue engineering Deduct: Mr. Craig is also a director of Citizens First National Bank & Trust Co., of Ridgewood, N. J.—V. 170, p. 590. Sales 1949—Month—1948 - —V. 170, p. $571,999 — Bank bank before deduction of dividend of During $4,290,222 duced 102. the six to months $2,075,000, in ended , June 30, 1949, the as The company V July 29 announced that pursuant to an $18,000,000 credit agreement which will expire May 1, 1950, an aggregate of $8 ,000,000 had been borrowed on July 25 evidenced by two notes for $4,000,000 each, maturing May 1, 1950. One note bears interest the at exceed Divs. $3.56 of the was bank - Stock L. San Daniels, will the at Francisco the on stock Exchange T. opening Period End. June Oper. the to business stated as 169, the a Expenses list Aug. the San Francisco 29, 1949. company is listing on the of Its expansion program for lease Co—Earnings- 1949—Month—1948 $2,355,597 20,199,722 27,520 335,238 ' 338,786 cost (at income Gross Int. & Net „_ $469,J 23 $393,842 $5,078,378 1,024 728 35,860 12,705 $470,147 $394,570 $5,114,238 124.075 100,334 $4,553,642 1,314,795 income Dividends — deduc. (net) — „ applic. $346,072 , — to pfd. stock 1,415,848 $288,536 ■ the for 29,672 f. $581,925 210,000 $0.06 336,165 $0.06 sales on 608,609 and brokers June 30, 1949 of accounts for 30, United market $0.06 securities 1949 market States which $0.04 • amounted and —V. 170, accrued, $120,151; due investments, at average cost $23,106,462) $15,031,228; total, : -/••Vv1' A-'/' v> total, .. • $22,779,637. 298. p. ■ Benguet Consolidated Mining Co.—Listed— $2,630,237 ' The San Associates Investment Co.—Common Div. Increased— The per directors share holders E. on of M. on the Increase of Chairman cents 12Ms of the over the Board, previous per share and places compared to the former rate of $2.50 the annual payment per said: "This a represents the Baguio properties, the 170, an Axe-Houghton Fund R, Inc.—Increases Capitalization The (B. T.) Babbitt, Inc. (& 6 Months Ended June 30— Net salts Subs.)—Earnings— 1949 ... — Net income Earned per - 1948 $9,230,407 share — —; $8,225,159 792,747 1,109,124 $0.77 ; —— ; Barber Oil after Corp.—Earnings— —$1,134,674 Provis " . 1949 charges—— 1948 281,138 operations.—V. 170, ."$606,320 377,441 $2-03 . The $lc0 $453,234 Operating profit > and for leave costs taxes written off— f per ftQ irn p. 2094 * , 5 4,238,290 $6,815,025 $6,731,060 $3.27 «•<* 1947 1 $6,720 999 Boston i r,evemlof fche comPany and its posed eight To $3,862,348 $^?| $18.004,270).—V. preferred on / : -V. stock. (& income 170, $0.21 2. p. Subs.)—Earnings 1949 1948 $10,895,559 1947 , $12,055,377 $12,052,72$ 4,442,736 3,853,365 3,987.955 3,857,338 3,784,003 3,385,403 $130,617 $658,733 $467,960 170,511 143,358 82,63'; $301,128 expenses ———> income (net) Fed. income taxes taxes $302,091 $550,598 145,000 300,000 $156,128 $502,091 64,865 221,00( , 225,000 $0.20 chare——/.— $329,598 66,437 225,000 — —- common $0.96 66,703 225,006 ; " • $0.5b Buckeye Pipe Line Co.—Earnings— 6 Months Ended June 30— 1945 Transportation and other oper. rev. Operating expenses ^ other charges 1948 $4,256,765 $3,683,111 3,446,676 3,283,546 2,941,736 $879,145 for Federal income / tax— • $973,219 23,482 — —— 1947 $4,325,821 Balance Interest, income, etc / Net /. $741,32). 27,441 $990,347 $902,627 17,128 $768,766 294,065 342,006 390,438 $560,621 $599, (ft)9 $0.51 income Per share •—V. 163, 1,094,456 2100. on p. Budd Co.- shares- $0.55 1949- -3 Mos.—1943 3 05,673,110 137,749,081 2,258,245 7,316,026 3,476,439 3 after taxes— 70,334,643 3.499.438 No. of com. sh. outstdg. 3.476.439 3,476,439 share_ $0.96 SO.GO Net prof, per $0.43 1949—6 Mos.- $ £ Sales $474,70* . -Earnings— Period End. June 30— com. / . ' ''' -1948 '1 3 : ■ 108,986,714 5,115,943 3,476,43f) $2.00 $1.37 for income taxes for the six months ended June to $5,194,000, against $3,865,000 for the* 30, 1940 corresponding of last yea?. \ Sales during the first quarter of 1949 totaled $67,414,438 and net $3,816,588 ($1.04). The slightly lower profits in the second quarter of 1949 reflect the introduction of new automobile models during its to stock of own Balatoc the quarter, resulting in temporarily higher unit costs. backlog on June 30, 1949 was $130,000,000. Edward Jr., President, reported there had been no curtailment of delivery schedules. On the contrary, two of the company's automotive customers have recently increased schedules.—V. The G. company's Budd, 170, largest low-grade chrome-bearing iron p. 5S0. 1 Burry Biscuit Corp.—To Buy Own Stock— < The directors the have company's voted to set aside $250,000 for the purchase pt $1.25 convertible price not exceeding $12 preferred stock from holders at a share, it was announced on Aug. 12. • meeting in the near future will be asked t'» authorize the' purchase by amending the articles of incorporation. Presently there are 97,500 shares of convertible preferred stock out" standing.—V. 165, p. 1063. < « The stockholders at per a > 1949—Month—1948 $3,764,078 Period End. $45,538,283 $42/698,254 —V. Subs.)—July Sales Off 27.2%— July 31— 1949—Month—1948 Sales 1949-*7 Mo'i.—1948 $4,281,613 & Plan Maine to Examiner $9,890,675 170, p. 436. $13,582,745 1949—7 Mos.—1948 - $66,903,175 $85,936,23a " Butler Water Co.—Calls 7% Preferred Stock— The company has called for redemption on Sept. 15, next, all of it3 outstanding shares of .7% cumulative first preferred stock at $105 per share and accrued dividends. Holders' may receive immediate pay¬ ment of the full redemption price upon presentation and surrender stock said of certificates Broad Street, Commerce Commission Examiner The at the Fidelity-Philadelphia Trust 135 Co., Philadelphia, Pa. Homer H. Kirby on of stock. this, the 1 the common The new stocks would ' Holders exchange for each All stock then now security of be distributed to holders of the eight preference stock would receive in preferred and one share of new common held. holders would receive in B—.84 of a share; series E—.66 series C—.79 of a sfiare. The of issue Bonds— Co., New York, N. Y., has been appointed first mortgage bones $400,000 series B 3V&% of 1, 1974.—V. 152, p. 3337. /■;'\ California Oregon Power Co.—Bonds Offered—Halsey, group of under¬ publicly offered $7,000,000 first nwrtgags bonds, 27/8% series, due Aug. 1, 1979, at 101 and accrued writers The its Aug. 17 headed a who interest. *•;' on ,;7^ , group was awarded the bonds at competitive bid of 100.42. Other bids received for 2%s and E. H. Rollins & Pierce, Fenner & Beane a & sale on Aug.. 13 were: Shields (jointly), 100.0513; Merrill Lynch, and Kidder, Peabody & Co. (jointly), 100.031; Sons, Inc. White, Weld & Co., 100.02. Bids for 3s were: Smith, Barney Co., 102.08; and Blyth & Co., Inc. and First Boston Corp. (jointly) for' 101.5246. The exchange new common follows: share, and new and prior new a Stuart & Co. Inc., on Co. follows: outstanding shares share other as Series a of 1.2 as due Aug. stock preferred new Series B Manufacturers Trust trustee for by the railroad in the past year, would reclassify all classes of outstanding stock into two classes of new accomplish To Issue Recommends stock. . SSwH fcS STSHSrS RR.—ICC Reclassify Capitalization— par $100. An adidtional 481,769.4 shares of new would be authorized to provide for the conversion of the 169, Beaunit Mills, Ltd.—Sole Transfer Agent— arrearages $0.53 . —V. 169, p. 2747. So. outstanding stocks vertible preferred stock.—V. 170, p. 590. addition capital stock, subsidiaries 1949 amounted to $8,900,036 (1948, 5 S!X months t0 June 30, 1949, such gross operat- (1948, 1,999,659 dividends properties gold-mining In the capital stock would be reduced initially from $104,347,300 to $82,443,178. The new capitalization would consist of 275,296.6 shares of new 5% preferred stock, par $100, and 549,134.98 shares of new common e amounted to $18,074,444 1,999,659 $0.92 profits Aug. 17 recommended that the Commission approve the company's voluntary refinancing program. This program, the second to be pro¬ 2,858,651 $3 03 share---.. o^th/erAtinh InV £n,!» 4,128,039 1,999,659 $0.31 426 993 reserves prof't from operations Earnings 1943 $10,943,064 $10,969,350 $879,868 1,992,817 period Bryson, Inc.—Meeting Adjourned— ' Interstate 1949 after Federal of 299. p. Corp.) June 14/47 June 15/46 shr. com. per 12, Stores, Inc.—July Sales Off 12.1%— 170, Brown June 12/48 outstdg.—__ Earnings the - Period End. July 31— —V. subsidiary, June 11/49 $1,524,004 Common on stockholders' Bond Co.—Earnings— Deductions for additions to the Canadian sales Aug. business meeting originally called for July 18 for the purpose of considering the purchase of the Climax Engineering Co. Division of Liberty Products Manufacturing Co. was first adjourned to July 27 and then to Sept. 14 (see V. 170, p. 194)—V. 170, p. 299. New Barnsdall Oil be $2.81 Subs.)—Earnings— its Butler Brothers (& .29,734 377.441 6 Months Ended June 30— extensive Philippines. 64>/2% 2. p. Black Si vails & 233,558 90,474 $767,917 shares— of Prior to the Japanese invasion, the company had an uninterrupted of dividend payments from 1916 to 1941. Based on the present 12,000.000 shares outstanding, the dividends paid from 1933 (the year in which the statutory price of gold was established at $35 per ounce) to 1941 ranged between 19c and 42V2c per share per year. The earnings from which these dividends were paid came from Benguet* s own operations and from the dividends received from Balatoc and Heald Lumber, but did not include the past earnings from the chrome $716,526 2,237 ------- trading privileges opening record Sales'' Net profit Number of capital the 1947 $977,932 364,520 on for domestic taxesProvision for foreign taxes., to (& profit for the period Preferred dividends $1.03 June, 1949 quarter net income was $229,654, or 22c per share on net sales of $4,157,983, compared with $483,291, or 47c per share on net sales of $3,990,937 for the came 1948 period.—V. 169, p. 2094. 6 Months Ended June 30— the owns $609,124 $1.01 ^.Balance j For the Profit at operates of deposit in the world. ore stockholders on July 4 voted to increase the authorized capital stock, par $5, from 250,000 shares to 1,000,000 shares.—V. 170, p. 394. and owns District company what is believed owns 394. p. Exchange Mining Co. and a 75% stock interest in the Heald Lumber Co., a lumbering operation near Baguio, Benguet also has a 50% profitsharing and operating contract with Consolidated Mines, Inc. which rate of 62»/2 cents basis of $3 per share as share.—V. company in quarterly on admitted to unlisted was Stock 1948 $218,435 share. Brunswick-Balke-Collender Co. amounted * The Aug. 15 declared a quarterly dividend of 75 cents $10 par value common stock, payable Sept.* 30 to 16. , , , , > ;; record Sept. Morris, capital stock Francisco 1.949. capital 2634. p. 1949 taxes 6 Months Ended June 30— Net Earns, AA 608,000 $3,039,781 ———— sold, $67,269; $2,303,335 per Provision Balanee securities $1,092,000 shrs. Provision $5,954,094; interest earned surplus, $9,378,589; , for value market dividends $278,086; securities—at $5,991,942), $77,977; quotations, capital surplus, $2,164,258: —V. 169, p. 1775. receivable banks, 1140, 2222. " •Disregarding to On 1949 Government quotations, receivable securities sold, in 1949 market securities—at 169, profit •Earnings $661,986 — profit cash other applicable to 662,877 outstanding shares of to $13.96 per share, $9,257,993.—V common 163, pp. Net 44,838 / LIABILITIES—Note payable to bank (2 %%), due Oct. 1, 1953, $2,075,000; accounts payable and accrued expenses. $39,426; due to brokers for securities purchased, $114,331; dividend payable Julys, 1949, $1,497.,397; provision for taxes, $20,653; common stock (par $1), $7,489,483; $3,698,390$3,238,846 period 125,788 $454,252 $22,779,637. $4,540,93'/ (net)—— income oth. June dividends from (at Other 119,329 26,859 ASSETS—Cash, $1,546,187; $21,481,799 16,602,076 plant Operating income $832,611 BALANCE SHEET, AT JUNE 30, 1949—12 Mos.—1948 $2,529,787 $25,613,338 2,108,425 (net) —V. Total'. 1,857,704 taxes— of 135,351 , 1,497,896 net securities—at in assets after per Federal 143,201 $1,407,203 in 1949. $661,504 in 1948 and $1,985,671 in 1947. tBased 7,489,483 common shares outstanding. -V, v/// A 28,770 and /■Exclusive of LIABILITIES, JUNE 30, Govt, investments Net 45,185,, 120,297 tEarns. per com. share.- part S. regulated a A ■/?;/./*'''" capital stock sold, $31,312; special deposits for dividends, Balance before $730,926 $460,128 dividends Preferred dividends . net income Earned $554,059 77.406 29,318 95,230 income Common AND U. as liability lor Federal no ?.//.'/"/ re¬ $601,408 - 24,047 loan— In •A'VA Brockway Motor Co., Inc.—Earnings— loan 1946 $608,334 90,262 $579,405 — bank on •Net of 2634. p. Light 30— -evenues exps. Rent of Exchange Coast.—V. Arkansas Power & Operating admitted be President, Stock Pacific 6,930 — have . 46,152 Total Archer-Daniels-Midland Co.—Listing— common — should 30 1947 $481,828 (at — JUNE 1943 $,526,323 securities Interest Interest The ASSETS profit on sales Selling, general and admin, 1949. bank loan terms ENDED 170,451 such Gross made The without in market) per annum, and the other 2%. Subsequent at the then prime interest rate, but not to borrowing may be repaid in whole or in part at premium.—See V. 170, p. 298. • * MONTHS 1G49 Cash dividends 2'/4% be may 2V*%. time any on of rate borrowings SIX 203,433 $118,493 128,793 receivable, $45,047; for Miscellaneous EARNINGS FOR $151,302 2,200,000 agreement. Appalachian Electric Power Co.—Bank Loans— 26,838 $192,972 6 Months Ended June 30— Net Com. $3.62 , 1949 the with $145,332 26,210 $8,295,149), $8,521,165; Brown Co. Dec.-31,'43 $1,497,897 payable July 8, compliance $177,512 28,193 - net income. $508,906; stocK, equivalent Balance—net as.ets applicable to com. stock- $27,095,412 $26,644,314 (7.489,483 •After $4,294,118 30, 2,075,000 — $221,165 31,614 LIABILITIES—Accounts payable, $186,555; accrued liabilities, $7,225; payable July 1, 1949, and unclaimed dividend.; payable, •$29,170,412 $28,844,314 loan— 1949—6 Mos.—1948 $748,848 OF (Incl. June 30,'49 - loan— Asset values per share—common stock shares outstanding) „ Angerman Co., Inc.—July Sales Off 10.3%— Period End. July 31— assets net — $145,332 as respect of 28 Weeks Ended— June 1946 7 — total, $9,572,724. $120,953; 1879. follows: as <■ Total of as 1947 $3,650 dividend Report— compared with Dec. 31, 1943, is summarized American Telephone in interest $120,940; current maturities long$149,738; provision for income Blue Ridge Corp.—Semi-Annual $0.98 1877. p. tax receivable $72,000; accrued expenses, $133,233; reserve for contingencies, etc., $22,600; note payable, monthly installments to Oct. 13, 1952, $166,000, class A common Stock (par $10), $250,000; common stock (par $1), $126,520; paid-in surplus, $249,656; earned surplus, $552,449; cost of common and class A $ / $231,049 and company (cost due iri 56,605,000 89,101,000 108,237,000 5,142.000 >, 6,101,000 10,053,000 2,359,000 share com. $ "A $177,512 paid value $228,630; debt, of as 217,515 * period— $0.92 - investments of preferred 235,049 for $504,609), leasehold and excess underlying book value thereof (in total, $1,935,741. LIABILITIES—Accounts 1948.— and 1948 $8,587 254,076 etc.— STATEMENT SHEET, JUNE equipment leaseholds first $71,162,341 corporation has determined to elect to be taxed income and BALANCE property, (net), $1,103,007; over tion), $144,084; 1949—6 Mos.—1948 $ 3 Inc. (cost $477,567; receivables, $8,314; inventories of food cost, $161,135; prepayments, current, $30,503; prepay¬ supplies, at subsidiaries American Radiator & Standard Sanitary Corp.—Earns. 1949—3 Mos.—1948 1949 \ $262 663 $113,296 $0.60 «——_ and to •' 73,184 $79,629 share preference amounted. — expenses, •The taxes, Period End. June 30— income Dividends 28,046 —- - common prior These Investing Corp.—Earnings— income General 2,685 Income on _ provements of week $183,795 ASSETS—Cash, Co.—Weekly Input— the ———i— - CONDENSED CONSOLIDATED the Savings 1949, the System inputs of subsidiaries 252,558,000 kwh., an increase of 26,- 11, amounted company $151,955 9,035 — taxes for profit ments, of the on canceled. ASSETS—Investments Net and American Power & Light 1,779,469 - .... Non-recurring expenses 297. p. 1,458;116 1,878,969 v expenses Total $3,520,879 1,237,189 .• administrative share, and the common single common share for a June 18/48 $3,168,612 - -i and Total income 550,152 the of Co., be income— investment 1947 196,277 June 17/49 .I-: Profit from operations Other income (net) President and Trustee of the Emigrant been elected a director of this corpo¬ Chairman, Bank, has to Broad Street Dividends . or 1948.—V. 170, p. 486. the •Net 39,401,883 taxes———— Savings He Manufacturers 1948 42,001,724 /' sales of Operating $1.63 43,441,021 - Madden, Industrial ration. 1949 —■ ... Ended— sales Cost 1,583,886 —— Federal income taxes— Net Net 1947 1948 1949 $88,560,373 $85,829,519 - _ Weeks (& Subs.)—Earnings— comomn share, ; arrearages 6 Mo:. End. June 30— B/G Foods, Inc. new a a are , Wholly-Owned Subs.)—Sales (& of of Dc. 31, $0.94 , $189,860, resulting sales of securities held by the company.—V. 169, p. 1879. .07 .05 stocks 1,531,334 of issued receive outstanding. Interest American be would 20 Dividend $1,989,053 1,531,334 profit is stock 1947 $2,642,188 $1.18 non-recurring Monday, August 22, 1949 , $1,801,212 1,531,334 — outstdg.. share——— CHRONICLE Subs.)—Earnings— < Capital shares Number FINANCIAL 1949 Net profit after estimated $7,906,249 4,538,366 after charges—v— profit & Beech-Nut Packing Co. (& Subs.)—Earnings— 6 Months Ended June 30— Net COMMERCIAL share; series non-cumulative D—.94 of preferred bonds ranging from * may ,™; ' ' be redeemed by 104% to 100%. PROCEEDS—Proceeds sale of from . ^ . the company at any time at prices : the 250,000 shares of common sale of the bonds and from the stock are to be applied to the com Volume Number 4831 170 construction pany's "incurred for that which of the of amount bonds of series in V. the President principal follows: as Issues t stockholders The Commonwealth & Southern Central Illinois Public Period End. June 30— 250,000 Operating 250,000 Canada. The net Power & Other;' working to $6,794,561 Mos. End. June 30— Interest _ — Net 752,837 2,905,634 8,152,134 6,288,315 Total income $11,054 $3,879 161,349 146,220 126,763 4,461 $173,133 $161,734 expense __ 17,250 17,250 18.953 inc. Preferred period dividends Surplus - 19,185 • 1,205 $124,326 65.100 65,100 65,100 65,100 $70,092 —$70,273 and should* have such as charter, no as $59,226 dividends the on class possible Federal income tax net income for The $6,624,936 and A class B stocks, a June and $0.54 with for declara¬ for ($9,000) has been made in respect of the class of of class funded stock B June on debt, $129.15 per 30, 1949, share Operating late Straus M. Haber 170, of meeting to be held has been "" in with accordance 29 $15,811,348 Federal Net End. July 31— 1949—Month—1948 $22,386 ftfit $19,780,172 per ■ ■ "Based $150,391,578 the plan.—V. > effect of $0.25 $2.77 — Subs.)—Earnings— The shares of $10 started San Francisco on 4.20% cumulative $14,949,874 Central Foundry Co. Profit from • April 8, 1948 and income operations stock 18,412,883 1,421,632 6,231,515 32.801 131,202 possible deficiency.—V. to noon equipment tru t ended May (CDT) 170, on 491. p. Equip¬ Sept. 8 certificates, series up and mature ::uburban 20 in 24 equal for on semi-annual coaches passenger /':':'/'r W. a F, to installments • of cost to 70-ton 500 estimated an ,/•"'. • Bourns, Secretary of the protective committee for the 4%- bonds of 1988 of the Chicago, Rock Islapd & filed, 170, final a depositary, and accounting terminated with the published a of the deposit Bankers deposit notice that dated the com¬ Trust Co., New dated July-7, agreement 492., p. /: 1.418,083 1,290,177 5,448,200 5,031,573 plus 1,768,100 1,790,900 7,418,900 V. 7,136,400". tion. Net and rentals 1949 Units operated ' / ' ' ■ , -> $3,770,332 ? $3,684,090 $15,777,388 - from ■■'/ ' for results arising from Provision on i 5,077,052' $9,131,798! - ... 170, $0.31 $0.32 Income on Divs. received — , STATEMENTS OF INCOME General Taxes, arid!" adm.nistrativfi, than other Federal 12, (COMPANY reed, Federal taxe§_^.., income !T ALONE) 1948 $6,163,367 248,945 expenses income 7,314 —_ 21,677 335,000 422,000 ~ • adjustments,to sur¬ to reorganiza¬ ' .... believed tgxes taken, in be t to be computation unnecessary of not taxablp ' Exps. . 1949 . » v other 1946 $9,318,435 3,130 than 8,547 $15,539,030 $12,344,725 $12,351,46.p $9,323,982 Fed. 14,959 for Net 1947 notes taxes Prov. 1948 . S. Total income $7,531,710 188,417 j ; U. on Treasury ' $1.26 1949 ' '."' stock—$15,539,080 $12,344,725 $12,348,330 common Interest v. $1.41 include credits incidental 300. p. 6 Mos. End. June 30— .• „ Federal certaiij' deductions to to not do or // income Christiana Securities Co.—-Earnings- $14,208,850 of stock for 1948 charges ' $2,273,077 $10,210,249 $2,371,263 52 -■' 5,567,139 1,411,013 ' *92,637 52 r income.—V. gross 1,399,069 $10,412,002 ___— (1) The account due $3,662,613 $15,634,97.2 $14,122,352; 21,477. v 02,416 £6,493 6,597 ._ V NOTES $3,763,735 1948 $10,064,628 201,972 __— . loss /:. "Profit. 159,303: . (& Subs.)—Earnings- 6 Months Ended June 30: Sales 6,173,602. 5,346,281 " ////;:/ income" J Total Gross Interest Fed. inc. income tax 14,714 13,191 13,417 885,000 ' 703,000 703,OOP 531,000 $11,635,269 $8,782,565 "625,000 / 8,100,000 $i4,630,121 $11,627,013 ____ Preferred-dividends Common $230,641 Net inc. 61,163 11,975 173,514 (est.) tax —V. 61,775 li- income profit $6,794,81'8 $5,468,983 Century Electric Co.Months Ended June '525,000 525,000 14,100,000 dividends 11,100,000 Cpst of .products sold-. Selling, gen,, and admin, expenses— 1947 1943 $6,178,385 $11,310,493 — $10,795,747 4,906,418 8,194,690 7,323,038 752,857 865,640 525,000 11,100,000 , $994,107 135,652 ■ $2,250,163 44,647 $2,716,013 31,422 profit before $550,532 $2,224,810 $2,742,100 deprec— Other.- income 122,444 Total income —_— — 25.472 324,310 299,389 $506,686 Provision for inventory : Provision for income taxes $95,530 $307,704 $517,553 $0.14 $0.47 $0.79 —rV. 170, p. 299. 26,087 $953,991 " 16,592 -C-_ Interest expense Other deductions 5- 34,998 . $0.77 34,476 26,989 411,900 : 392,351 •312,201 100,000 200,000 conversion to been Aug. .11 on convertible of terms Cash applied will be the SEC to debentures. Details to require total a profit - capital.—V. new exps. Gross Income Net — and taxes— deductions Dividends 4 V2% on dividends /"Based 337,030 '/ 535,191 $2,794,725 501,606 Notes $2.52 v $0.06 501,606 $2,293,119 $2.87 SHEET . deposits and. working funds——_—$584,995 505,104 $315,028 505,104 1,162,186 (net) assets :: 1,541,881 2— - 1—2 plants and equipment (net)— charges 4,986,624 5,886,894 2 ; 194,370 205,109 — 7,196,904 shares. $2.34 ;'!. r; .• ■//;/ .■ " ./ CONDENSED current plant, BALANCE $62,275,701; assets, $2,836,737; SHEET JULY investment deferred 31, LIABILITIES—Common $11,146,400; The Commercial VWilliam Dana offices: as long 135 payable to banks_^ i $1,200,000 476,249 2—• ■ . $1,200,009 1,046,966 24,852 Federal and State taxes on income—-— L 458,446 Wcrkmen'js Compensation: claims and expense— / ' 19,697 maturity of long-term note payable— * 50,000 Long-term note payable —1,200,000 Debenture notes 496,300 Appropriated for inventory price decline—550,000 902,427 for 1949 Fed. and State taxes on inc. Capital stock fund accounts, $225,497; total, Earned surplus Paid-in surplus (est.) (par $10). ——5,393;150 ______— ——~ 30,000 50,000 1,200,000 403,400 .* 550,000 22,000 4,559,172. 287,676 HOTE: Financial surplus, $16,835,870; $16,754,300; Chronicle current (Reg. U. S. accrued Patent -V. 169, p. 2100. 5,393,150 4,644,092- 287,676 account of the fluctuations In the rates of on on Dividend— declared Aug. 15 dividend of $8 per share a the on stock, payable Sept.' 15 to holders of record Aug. 22.* In pf the two preceding quarters $7 per share was paid. In 1948, commpn each a year-end dividend of $71.70 per Clark Equipment Co. 6 Mos. End. Jupe 30— Gross . , three quarters and in December.—V. 161, p. ,1312. (& Subs.)—Earnings— ; ; of the first share :• • 1949 ... profit before depreciation- 1948 / ' 1947 $6,336,816 $7,457,205 99,093 93,091 91,285 $6,435,914 $7,550,296 $6/364,638 income Depreciation 320.406 Admin. & sell. exps. & disct. allowed Int. paid and sundry expense- .Net —! reserve Provision for Federal $6,573,353 Total Preferred 29,495 297,031 v •2,886,545 ■ . 23,340 - 500.000 —— 1,178,000 ;——_ —— .1,314,000 $1,920,836 $2,443,1.93 $1,643,722 8,626,232 5,176,294 8,162,466 $10,547,118 $7,625,487 44,815 $9,806,188 44,815 31_ 1,502,000 527,587 Dec. —— Common 3,217,755 100,385 ■ taxes. profit' _1—— _______: Earned' surplus, 351,853 2,91G,237 ________ income 475,232 356,424 ,$4,825,304 dividends dividends surplus, June 30 — $9,974,716 44,815 $7,105,440 outstanding- 527,587 475:232 Earnings per common share— $3.56 Common shares ASSETS—Cash securities, accounts in banks $1,000,000; ■ 475.232 $5.06, exchange, remittance for foreign subscriptions c/a Edwards Subscriptions and on JUNE $3.36 . 30, 1949 . ' < : , : hand, $7,330,409; U. S. Government short receivable—net, 000;-laud, ance and term marketable securities, $2,000,000; $3,495,346; inventories, $10,700,395; U. S. securities segregated for new plant construction, $2,000,buildings, machinery,'etc. (net), $9,179,257; prepaid insur¬ taxes, etc., $129,605; total/ $35,835,012. LIABILITIES—Accounts —accrued, for $339,517; sinking fund payable reserve for and payroll, Federal debentures—due June taxes 1, possible $2,289,469; on income, taxes, etc. $3,099,515; 1963; $6,000,000; reserve $1,000,000; capital stock future inventory price decline, 5% cumulative preferred stock (par $100), $1,902,700; (par $20), $10,940,620; capital surplus, $546,300; earned surplus, $9,974,71G; capital stock purchased and held in treasury 1,101 shares preferred at cost.of $108,660 and 19,444 common at cost of and surplus, common stock total, $35,835,012.—V. 169, p. 2748. Herber. D. Seibert, Editor and Publisher; a statistical issue on MonaayJ. Other & Smith.Copyright 1949 by Will*am B Dana Company Reentered in United States, U. S. Possessions, Territories and Members of Pan- William B, Dana Company, Publishers, 25 Park Place, New York 8, N. 'Y., REctor 2-9570. Manager.Published twice a week [every Thursday (general news and advertising Issue) with Office) SHEET Government $147,725), Ur$257,825, \ Salle $55.05 1949 $100), $15,000,000; surplus (earned), $20,635,879; total, $51,043,384. '.Declares $48 3*/4% $14,738,470 $15,732,533 preferred and matter Union, On and debt, President; William D. Rlggs, Business St., Chicago 3, HI. (Telephone State 0613): I Drapers' Gardens, London, E. C., England, February 25, 1942, at the post office at New York, N. Y., uijder the Act «f March 3. 1879. $35.00 per year; in Dominion of Canada, $38.00 per year. Other Countries, $42.00 per year. La par Earned 25,780 1949 Seibert, S. second-class American and stock term $157,565 $74.07 30, 1 •; $65,422,341. stock, JUNE preferred stock, payable July 1, 1949, $262,500; Federal income tax. $145,005; 7% cumulative nonvoting pre¬ ferred stock, (par $100), $15,000,000; common stock (150,000 shares, BALANCE , and debits, 7,145,814 132,732 —103,286 "1 —$14,738,470 $15,732,563 „ SHEET, 7" ' $446,775; investment in E. I. du Ponf de Nemours & Co. common stock (12,199,200 shares), $44,659,257; investment in Othc/ companies (at cost), $5,937,352; total, $51,043,384. / ! / Inventory - June 30/49 Dec. 31/48 < Current $1,873,174 $2.91 BALANCE . . ASSETS—Utility $84,406; 124,216 499,650 $10,269 . $74.01 $1,260,787 Accounts payable :——— — / Accrued interest7• ... $2,324,233 • r $2,011 /- $94.09 LIABILITIES-^. $2,374,780 501,606 - • Total Res. INTERIM 915,000 $1.94 539,3i5 :» ;—— Patents, trade-tinarks and goodwill—: 571,326 , $2,416,312 f $3.02 share__ 800,000 on / 130,205 528,201 , Govt, obligations at cost and accrued int. Deferred $2,946,106 ' S. Froperty, 1946 $3,329,916 501,606 common E?rns. per ccm. U. pfd. — Net avail, for 70p,000 $1,026;993 121,347 COMPARATIVE Other 1947 $2,825,839 ;' Demand 1664. $3,162,899 $2,917,918 -r Receivables Inventories' 1943 346,645 —____ stock 170, p. Calendar Years $3,264,563 shares ASSETS— $17,579,200 $17,014,637 $15,792,009 $13,539,722 '14,314,637 13,851,738 12,462,153 10,593,616 income income t $36,427 paid———outstanding Earnings per shares— Co.—Earnings— July 31,'49 revenues Oper. 22,000 interest, ' 12 Mos. End. . (est.) j. — dividends Capital authority to teil maturity to filed of $27,000,000 in Central Illinois Light Gross for as by amendment. The net proceeds applied to the payment of short-term borrowings which have to finance f'rst strges of an expansion program estimated be used ______ ■ .$14,121 .. BALANCE Miscellaneous .Net company reserve , surp. 27,123 36,872 , Central Hudson Gas & Electric Corp.—To Issue Debs. The in ' the company paid $37 per share in each 43,333 - $6,000,000 increase " The directors share. per ' .ASSETS—Cash, 756,696 $519,110 — Operating com. Earned Net Earnings per com. share' •LIABILITIES—Dividend 1949 30— sales Depreciation Net 104,798 169, p. 2748. "Six Net 1949—6 Mos.—1948 $554,356 6.629 $6,899,616 lp3,I25 , . ( (& Sub.)—Earnings— debt $5,577,103 income. ^—— notes,payable on ' (par 66,707 long-term on Federal v bids $3,552,000 " Childs Co. $1,321,756 income " • • 1949—3 Mos.—1948 Depreciation Int. / said of receive 1949 and / 1933.—V. $63,972,805 $57,786,150 20,397,683 7,309,499 12 Months Ended June 30— par Exchange— preferred Period End. June 20— - of 1, , $100) was admitted to the list of the San Francisco Stock Exchange at the opening of busi¬ ness Aug. 12, 1949. There are presently ■.-outstanding 250,000 shares of this issue. The dividend rate is $4.20 per year. /.This company whose tractors and other earth-moving equipment are distributed', throughout the world, has a manufacturing plant at San Leandro, Calif. The main plant is located at Peoria, LI.—V. 170, p. 395. * » ■ * '^ : ■ ' ■ ' ;. issue cars 8 York 1949—12 Mos.—1943 $1,350,334 - common . are will company mittee. had 252,493 income (net) , ' and two-sevenths ~ Lsted * tDeficit. mortgage 32,801 ______ income . 1948. - Pere Ry., the predecessor company, in notified holders of the certificates 1,556,492 taxes—_ Earnings per jhare 7,259.606. shares' $0.74 which $2.06 and outstanding after merger of Chesa-. Marquette, and after allowing for preferred Deposit Agreement Terminated— Aug. (& 2,800,986 $0.48 strike a 16.476,471 $1.92 . general 1,62b,542 income Gross value common stock now outstanding, and after preferred dividend requirements. NOTE—Operations for the seven months ended July 31, 1948 reflect the for Edward 170,> 4,942,766 Income $109,929 263 10,523,023 3,764,480 on 15,452,403 $0.31 / shares of The company on Aug. 12 applied to the Interstate Commerce Com¬ mission for authority to issue the $3,552,000 of equipment trust cer¬ tificates. ■: ' :: 308.313 '.'v; . . 959,915 — 2,471,911 Nil requirements.. $4,738,000. 5,131,002 _ Deduction, 1949—7 Mos.—1948 1,883,171 "" com. share $152,525 share number on $148,000 beginning April 1, 1950. Dividend rate is to be determined competitive bidding. No bid for less than 99 will be considered. 1.762,772 _i operating Other i Caterpillar Tractor Co.—Sales & Earnings Rise— Earns, 23,636,255 ' ■ * 10,085,571 22,259,503 Ohio & (2) has been elected Chairman of the Board and" elected President to succeed his brother, the Net taxes. 9,981,083 4,293,082 * in charge of sales and and Mr. Haber is a former Vice-President in charge cf The corporation, world's largest producers of cashmere has mills in Cleveland and offices in New York. after 1,474,455 809,696 dated Oct. . Amort, of plant acquisi¬ tion adjustments Taxes, other than Fed. } Mr. advertising Profit 1,421,171 com. . 187,031,574 of will for Deprec.atjon production. Saloj per The /v-// 1949—3 Mos.—1948 resale Other 194. p. Haber, founder of the company. Straus was formerly Vice-President 'Period 11,605,759 • ment Trust Certificates— Corporate - Aug. on ,/v:;/:;./ Maintenance preferred Een products, certificates purchase income W. 10,820,000 taxes Chicago, Rock Island & Pacific RR.—Bids • common stockholders in accordance with plan of authorizing the issuance of $48,731,000 general 3V4% series due 1987 and $10,739,925 non-interest revenues Power Cashmere Corp. of America—New President, Etc.— Lawrence '.14,000 Cr2,084,279 $"""$' Operation—. $22.76 dividends, it is planned, to make such distributions twice a year, and dividends of 35 cents per share of class A stock and 8.96 cents per share of class B stock were recently declared from avail¬ income.—V. 174,989,045 income" 1—1 by Period End. June 30— year's M. Proposed —. Central & South West Corp. compared as of preferred, 1349—7 Mos.,—1948 $ 28,653,516 be Jersey special a 591. taxe§_.__ oper. accruals to (3) bonds, bearing interest p. 591.// 30, remaining after the payment subject to charter restrictions, investment at p. 19,794,773 Pacific income able stock B mortgage per share of class A, and $0.70 per hare of class B on Dec. 31, 194H. •' > While it has been the policy in recent years near the end of the year to pay in dividends on the class A and class B stocks all the net $4,567,987 were the 170, gondola stockholders modification; share per 587% York.—V. , . , „ New income- railway dividend reports net assets per $4,577,396 New in NOTE—July, 1948 net income includes net debit of $936,300 repre¬ senting accruals for. one-seventh of possible deficiency in income and excess profits taxes years 1939-1945, and interest thereon to Dec. 31, 1947, less -potential income tax saving on such interest, Period to July 31, .1948 net income includes net debit of $1,872,600 representing (1) changing the presently authorized 300,000 shares 1 of stock, $100 par value, to 460,00 shares, $50 par yalue, and classifying such shares into 185,000 shares of class A stock and 275,000, shares of class B stock; (2) authorizing the issuance of class A stock and scrip certificates to general mortgage bondholders ■ and issuance , $126.15 1,672,320 $1,062,319 interest 5V? % Bank common value of provision <. of T rust consider assets, before deducting funded debt, of 1949, as compared with $6,755,440 at Dec. 31, equivalent to 576% for the 3% debenture share of preferred stock, $22.13 per -share of class A stock at Net 1948. $6,240,303 2,105,549 The 17. Harris Trust & Savings Bank, Chicago, is trustee. The net proceeds will be used to finance the purchase The 1949. corporation $6,682,946 427,289 $1,091,728 .. RR. Changes— NOTE—Net profit on sale of securities for six months ended June 30, 1949 (after taxes applicable thereto) amounted to $65,100, as against" $248,000 in 1948 and $55,801 in 1947. if — Central the corporation of Federal income tax thereon. Since as at June 30, 1949 the the corporation's net assets were not sufficient to permit the of $1,489,609 559,824 2. p. Aug. on applicable to accrued and unpaid being made on the 5% debentures Co. 'm New York and on the inc.' ry. proposed com¬ liability for Federal income tax in income from dividends and interest, thereby relieving tion $1,651,553 profits '-Calculated $22,656 regulated investment a a to 129,680 income 170, announced 1949—Month—1948 31- Canadian exc. "Earns, Definitive first and refunding mortgage bonds, • series "R" 3% due 1, 1979,-are available in exchange for temporary bonds at the Bankers Trust Co., New York, N. Y., and at Old Colony Trust Co., Boston, Mass.—V. 170, p. 299. net income, tit has been the policy of the cor¬ regulated investment company and when permitted by its pay out in dividends in each year substantially all its net as 29,135 $6,129,695 110,612 deducs—_ & National Chase at Net 2,757,000 38,389 & March of the above respect poration, 2,898,000 $6,553,265 other Bank Hanover Net Central Maine Power Co.—Definitive Bonds Ready— . $87,756 / • 587,000 $1,460,473 and Other 2,156,804 678,000 income.. & —V. 1,534 $125,192 ^Corporation has elected to be taxed pany .■ 1,506 $135,373 for 2,501,091 13.033 19,741 . til,089 Net 588,218 $1,613,163 ._ Exchange been designated as debentures and is income,——,¥Tr S. '< 26,213 'Taxes ■ U. 2,242,076 income-—— met) Jan. 1, 1948, and optional 5J/2%, are being quoted ex-interest in $1,000 principal amount of debenture, 1954, per $ 1,387,841 ,_i taxes Gross Int. $133,642 17,250 Interest General 1,817,990 2,700,997 Gross , $183,452 _______ 649,290 Curb due 15, $100 Chesapeake & Ohio Ry.—July Earnings- Fed, tax Sept. or the Period End. July 3,229,224 1,758.455 ————_ oper. Net t York series due 10% has on Central peake $11,784 ______ • ihcome of debentures 595,857 1946 167,'883 _ income than at 2,089,941 ; other Other 1947 1348 New payment i' purch._ gas 581,568 ,■ $15,563 .. Dividends Other 1949 103. p. $6,099,007 $27,529,113 $24,190,958 706,874 Federal capital. debentures series amount 1949—12 Mos.—1948 370,453 V' income Capital Administration Co., Ltd.—Earnings— 6 5% debentures Service Co.- -Earnings— 461,435 Taxes, - proceeds will be added The 170, 3 Central States Electric Corp.—Ex-Distribution— - Letter—Future Corp. below.—V. Depreciauon approved the sale of $250,000 4% 10Cochran Murray & Co., Ltd., Toronto, serial trust debentures to year ' (687) depre¬ the 1949—3 Mos.—1948 revenues— Operation :■•/' V" ■;/' '?■ / Co., Ltd.-—Debentures Approved July 28 on • Circular Maintenance (anadian Ice Machine for reserves the See 100,000 „, 590. P. CHRONICLE interest Thomas & Company 170, FINANCIAL Chris- Company . & Descriptive Financing Planned— Amount Writer & tensen, Inc. 150,000 data purchasers, are COMMERCIAL liabilities, $5,494,413; deferred credits, $237,844; ciation, etc.-$14,953,509; total, $65,422,341. The Robinson-Humphrey 250,000 Mullaney, Weils & Co 250,000 Otis & CO -1—- 1,000,000 further and company, Peters, .$4,750,000 _ Dempsey & Company—. & Marshall principal Name— '' CP.'#'V -JX Foster also indebtedness of purchased by each Amount Name— Inc. payment several the with 1979 the of names affiliated is Halsey,. Stuart & See the program. UNDERWRITERS—The none to and program THE and advertisements must be made In New York funds. 4 THE (688) Coleman Co., Inc.—Omits Common Dividend— The directors on Aug. 16 53 Ya cents per slmre on the of record Aug. 26, but took of dividend a each cents laft.—V. the on the on the action no this time stock common income Other FINANCIAL CHRONICLE Engineering-Superheater, Inc. from income operations less deductlons- Income Connecticut Railway & Lighting Co.—Earnings— 1949 Period End. June 30— Operating *$5,027,046 ——— Monday, August 22, 1949 Subs.) (& for Total 2311. __J— Provision for - U. S. Federal, State and foreign taxes inc. on Federal $5,231,634 ——— — Other 2,296,776 Consolidated Colgate-Palmolive-Peet Co.—Quarterly Report— 6 Months Ended June 30— sales Cost "After Gross profit +, Operating expenses, for •' ' Net income 40,060,017 32,698,939 etc. Income taxes P • —; from domestic 33,873,711 28,652,306 1,939,041 2,827,417 . - ' ' ' ' ' No. Prov. 776,828 foreign subsidiaries...—. 'less taxes credits 721,208 12,025 inc. 25,000 was foreign for paid) Net Income "Total fron in for res. transferred •Earned per ^Earned inventory earned to World-wide oales the for first with $151,957,927 compared .- . half the in 1949 of first half 1948. of six months Domestic sales 1949 of 6 July July the —V. 170, The income net tories and the preceding year. of $5,298,464 commihnent; is cost to write the after market or of all down lower whichever inven¬ pound a The at June June $ U. Government S. Accounts ecrities, receivable, Inventories less at cost 7,200,000 15,109,500 1,699,029 7,521,845 595,304 7,383,965 32,736,709 30,628,584 2,812,500 3,000,000 4,000,000 subsidiaries Miscellaneous 1 investments Property, plant and equipment Goodwill, trade-marks, etc... (net) — the be 373,143 shares 106,274,122 ... annual liability securities to 1949, $3,50 preferred for V taxes—1948, $4 001.900) liabilities Common deducting U. S. Govt. liability and Reserve for inventory 14,244,172 4,373,127 dccl'ne 2,100.000 stock (125 000 shares, no par) (1,997.910 shrres, no par).. 12,500,000 12,500,000 24,973,950 3,002,993 45,087,721 • —V. 169, , ' * " ' incl. other inc.., Depreciation notes on Other Fed. deductions & Com. State r \ , ' inc. 255,000 t?252.R56 562,800 $366,014 562,800 Nil $0.65 share. com. 182,000 *13,557 721^000 f $243,646 $1,070,710 562,800 562,800 $0.43 *$1.85 Deferred requirements preferred on stock then outstanding. May 28' 1949- the company's earned surplus aggregated $13553,331, as compared with $13,946,887, at Feb. 26, 1949, the end cf the company's previous fiscal year. Canadian Subsidiary, Collins profIt after taxes of A0a May 28, 1949.—V. 170, & Aikman of Canada, Ltd., $92,009 for the three months Colon Development Co., Ltd.—Stockholders $6 per Share— New York re- ended with informed was shares at today that the Anglo-Saxon Petroleum $6 mu°t shares execute by the with Colon of of provisions of Clauses Clause 6. 6 if and at Co., to it St., in be in 90% of give notice An8lo-Saxon obligation Athefeby be terminated that Anglo-Saxon to the will shareholders, company S"ded 64,883 announces I does not shareholders ordinary within shares three weeks that the purchase its liability acceptances cost, to and through have affected affected, by public of shares either share Irving to production $494,988 for party certifi¬ Trust five Co. weeks compared with 1949, and 347,945 p 103. 170, ' etc.. July 23,'48 a and program amounted _• 1,932,104 64,597,681 _„l___„____L_:„$4b0,500,943 holders will assets, has and its the the receive 0.55 receiving District of this of Corp. to of Central Illinois share of quartely through public stock paid the Common¬ has heretofore been and the the shares common in 35,000 kilowatt East year of for the on this the New off pay time Stock 1949 were the at stock annual have the at stock common of outstanding rate been rate of paid had ^ operation —v. capacity Peoria. this on that in temporary $2.20 Conde Nast Publications Net before earns, sixth a order bank into went and year, unit of service V. . to finance loans which its at construction July 31 1949 Inc.—Earnings— 1948 1947 $2 825 OOo 939,936 1,475,033 l'595'ooo J$0.86 t$0.93 *$1.47 *$1.59 1,005,894 shares outstanding on June 30. tBased outstanding. iBased on 1,004,582 shares July 23,'48 share the 375 stores, com¬ the capital held as transfer is will of vote stock issued as record Sept. from a on Sept. 8 cn to dividend 17. .The proposal a $3,000,000 stock as to $6,000,000, of Increase Oct. improve, June to 30 ■- v.+ ■ ,. July 31— 1949—Month—1948 $1,619,329 1949—6 Mos.—1948 $2,049,049 $17,539,807 $18,256,706 Michigan by the increase of p!an the pointed of of and in has Saginaw July on $1,161,000 that that out dissolution, fact denied in had 1 rehearing a rate gas of case the granted com¬ supplementing revenues, gas this because rate approximately held stock common Commission Lansing Commission the $1,800,000 granted earlier in the year. New rates the $1,161,000 increase become effective immediately. accomplish was Service of The increase an It Public Cities company. by Commonwealth to Southern & is significant in view of the shares of Consumers Power Co. increase 4,000.000 will Commonwealth stockholders preferred the of about be Oct.' distributed 1 in £0 Com¬ accordance with the plan. Consumers Power also has before the Michigan Commission application for $6,600,000 in an electric rate increase.—V. 170, p. 492. Container Corp. of America Period End. June 30— Net profit income taxes Prov. for Net 1949—6 Mos.—1948 inc. $3,392,169 $5,822,367 $6,799,959 1,002,435 1,289,088 2.212,527 2,584,048 $1,635,527 Fed. per Subs.)—Earnings— $2,637,962 $2,103,081 $3,609,840 $4,215,911 $1.56 $2.02 $3.45 $4.05 taxes profit Earns, (& 1949—3 Mos.—1948 Federal bef. share_ com. CONSOLIDATED will quarter, BALANCE ' ASSETS— June 30,'49 Dec. 31,'48 Cash U. SHEET $7,602,004 — S. securities— Govt, and Inventories Cash — U. S. Govt, securs. & Investments and $7,521,586 6,775,369 set advances: 8,630,364 2,025,204 for improv. aside 4,918,005 7,230,732 — 2,236,451 5,199,364 receivable notes 4,350,000 ;; Foreign subsidiaries not consolidated 950,000 950,000 —_ 323,932 4,164,877 4,050,794 55,571,056 52,725,650 24,902,036 23,728,028 1,196,996 1,188,846 1 - 182,206 .+ — 1 Land Buildings, Reserves machinery, for and depreciation Deferred and (Cr)— — charges Goodwill equipment patents $65,995,773 $63,167,601 .Jl LIABILITIES— Accounts payable $1,376,579 2,025,731 -— Accrued wages and other liabilities———— Reserve for Dividends payable Reserve for cline Preferred Common other 841,046 98,900 future inventory price de¬ contingencies. 1,110,522 1,110,522" 10,000,000 stock 10,000,000 19,809,480 — stock ______x———-x—++- Paid-in 2,548,978 ——-~i possible and $1,910,061 2,026,327 adjustments surplus surplus 19,809,480 3,829,851 ; stock in treasury (Br) 3,829,851 25,146,695 23,962,511 170,458 — 102,702 — Total $65,995,773 $63,167,601 NOTES—Sales compared 1948, decrease a Working be as compared one each effected with 50 the present outstanding stock.—V. 167, p. 2359. An since months $65,063,188 ended for the June 30, 1949 corresponding were $55,- period ia 14.9%. increased first the of six with of capital amount the for of $1,789,319 the and earned surplus increased year has been set up as a reserve for adjust¬ portion of this amount is represented by a reserve for maintenance which will be expended in the last six months of the ments. A $2,026,327 substantial the $10, 1949 for of rate of 25 cents per share each on $6 325,155 year increase par 3. $3,000,000 from surplus to capital account. anticipated that dividends on the increased stock will quarterly $5,353,739 1 $1,184,184 to be 436,486 104 and 301. 362,920 1,005 outstanding.— ' 1880.- stockholders $5,888,668 1946 863,489 share $5,353,739 — - 741, p. Preferred Connecticut General Life Insurance Co.—To Increase Capitalization—To Pay Stock Dividend of 100% r.ew 500,000 securities kilowatt earnings after taxes 369, p. x inventories cf construction 60,000 $2,240,033 on 3,655,000 at $1,546,936 shares value in profit Earned 1949 share— 551,111 2,071,993 3,475,000 — investment of capital on 170, p. this miles, including $1,465,489 com. $12,666,773 2,142,568 Consumers Power Co.—Gas Rate Increased— and taxes Earns, per 32,247 $11,472,573 Other customers be 6 Mos. Ended June 30— 1948 $11,470,701 $12,634,526 1,872 - net 168, The regularly is Net 1949 payable Accounts $2,005,000, approximately $4,500,000 additional cash will provided before the end of 1950. To the extent neces¬ proposed to issue additional securities of a type not yet determined. '.V 7 [See also Central Illinois Light Co. above.]—V. 170, p. 591. to it for Under¬ 1449. 1,282,707 dissolu¬ first York for operation in 1952. Interconnections with other operation for emergency power, and for supple¬ the DeKalb-Sycamore division. estimates p. Subs.)—Earnings— — taxes decline held fifth at covering share Delaware. company list to this 169, 11 per company. 2,068,892 an Illinois Light Oct. 1 in approved by the Securities and enforcement ordered by the United Southern station Y.—V. N. Aug. on $11.75 the 2,115,165 about share each for 800,000 of at of 1,252,500 been available on York, New Co., the SEC offered President 1,282,816 146,253,000 18,704,791 to have It 170, p. 591. 94,196,585 74.81G.782 dissolution stock later in supply the of 1,876,298 28,383,611 4,351,922 miscellaneous plan being unit company The July 30,'49 Balance .$400,500,943 villages. are mental week Sinking fund requirements lor six months 11,924,556 — —_ scheduled systems 672,700,000 to same 592. 501,266 sales from Period End. generating capacitv totals 185.000 kilowatts in steam Peoria, East Peoria, Springfield and DeKalb. A started authorized —30 Weeks Ended— - /M.1949' th0 r,?mpa"y year earlier.—V. pared with 485 be elec¬ Consolidated Retail Stores, Inc.—July Sales— --Ir'■*"-"%>"A'?■" May#l2 said ifp part: & & profit Profit the barrels, "$11,730359 $12,288,418-$94,845,198 $95,378,047 figure. on Wallace "Based the 4 5'— S. capacity, 582 weeks ended June 27, weeks ended May 31, 1949.—V. July 30.'49 -j* Corrected R. will announces that the purchase buy and that of shareholders 4 Weeks Ended—- r*r Co., surplus made Fox future CONSUMERS POWER CO. 1949 other made are turbine The Trust Colonial Stores, Inc.—Corrected Sales— * the Higher Rate— a that to all without }' for tbe 'our 1943 amounted barrels barrels for the four all without return Production Reported at The the ,L°ndcn and New York n-mla«UAe be provides, tbaA 5f i! not completed its - number, of steam offer. of Irving completed. will cates notice and at the .p. - for Net will at on Dividends Electric amounted in 170, with be to Hirschfield, income 30, square stations week ft. cu. file;d was stock common Norman Prov. applicable to the Light Co. serves 92,710 electric 71,564 gas customers in an area of nearly 2,000 to deliver share 1949, quarterly years." Central Illinois cities of basis to for being dividends share. Inc.—-Output—- distribution Commonwealth 27 sary •/.nglo-8axon Petroleum may not the 28, being share per per and paying agent, One Wall their of 7 Sept. acceptances from at least 75% and together holding at least lUS? except W Exchange on or about Oct. 1, 1949. "Earnings for 12 months ending July 31, for nominee, and Court is 717,700,000 for of Central Illinois paid 30, 1949, $2.48 per share. or Storage of . common is an Development ^desiring acceptance Plan Commonwealth plan Anglo- certificates, according to ^ e» no,tic® states that the price payable for each share transferred to Anglo-Saxon under the offer is to be paid through Irving Trust Co. not later than Oct. 31, 1949, or within two weeks acceptance of the offer, whichever date is later, subject to the will being are ending June preferred Commission of The tion 79 form a vJSS^f vrus.fc Co-» depositary York, N. together its or share. per „of the ordinary accept the offer Y., Offered Ltd. has mailed from London, England, the ordinary shares of The Colon Development td-' B°t already held by of 1' addition District the same in gas decrease of 6.3%.—V. Sales and Commonwealth Exchange and Exchange Co- holders of acquire Colon New share Co., the on liabilties the preferred.. States that local announced depreciation Dividend _• Longley's letter $3.02 Curb leum offer to Power stockholders each assets earned Commonwealth Application The for of common stock ' "The of for approximately Consumers preferred Stockholders Also Get Central Illinois Light Co. Data wealth 17 Provision describing the The preferred stockholders of Commonwealth are also Information letter from J. A. Longlry, President of Central "All 492. p. and accrued in $80,237 interest pany credits common $94,360 notification of F. P. monwealth of ^ of folder dissolution, of stock AT JUNE Total Mr. ** plan debt accordance $93,600 Provision - Michigan Gas Rcserves^—depreciation Co. depletion of Total Bond on Aug. 12 Commonwealth Stock Current and "III— loss. The months $11,290,955, accrued stock $32,600 Profit from operat'ons Income from investments asked term $177,300 Consolidated Paper Corp. Ltd. (& Co., The —_ J' "I~_" Crl35,000 per Long 20,50a $135,800 Expend, 12 were in 24,100 6 Months Ended June 30— share. f Sub.)—Earnings— 15.272^'.: .i.—, divIdend tNet of of shares writer: LIABILITIES— May 28, '49 May 29, '48 May 31, '47 May 31, '46 01,655 $806,809 $573,014 $1,941,782 197.804 185,795 147,368 ' 136,515 73,125 ' taxes Earns, stockholders .1. Preferred (& profit shs. outstdg..— Net Power 41,105,923 (Excluding Canadian Subsidiary) Quarter Ended— Int. Consumers debits Common 1 m "Collins & Aikman Corp. Profit, of common per , Current and 1,158,000 4,800 , 130,500 with a account of $355,840,854 Investment Deferred compared letter 1,600 the —V. 2101. p. n»♦"..]!*"' i $2 ASSETS— 106,274,122 102,644,884 — ft., A Consumers Power Co. Data— CONDENSED BALANCE SHEET • 1,546,700 14,300 —0.4 common AS . distribution Local 217,132,000 Total Tofcal % Change 3.000,000 24,973.950 Capital surplus Earned surplus 1948 +3.2 common 13,688,391 4,335,286 reserves price 3,002,993 stock stock ccmmon (affr equal $3,300,000; - Deferred the Earnings for the LIABILITIES— Current 1947 $1,235,200 107,000 Aug. on preceding year, Commonwealth's Consumers of 1948 $1,859,200 taxes company cu. preferred Consumers on rate 1949 1,464,600 Consolidated Edison Co. of New York, +1.5 preferred, in addition to 0.55 share Light Co., and $1 in cash. 102,644,884 Corp.—Earnings— 169, p. 1880. +4.5 Commonwealth of to 2.80 shares of Dividends Total the distributed of 168,278 $451,657 — 208,969,000 214.710,000 President 16,000 to 53,530 $401,788 Consolidated Gas Utilities Corp.—Files With SEC— Whiting, Pursuant Investments— Foreign to 23,967 $246,673 profit 216,098,000 Southern Corp. a "get-acquainted" letter and property and business of Consumers Power Co. 28,773,243 2,037,933 ; income i 12,157,000 & 12,148,473 20,978,809 reserve __ Prepaid expenses mailed 24,676 tricity for the week ended Aug. 14, 1949, amounted to 203,900,000 kwh., compared with 186,700,000 kwh. for the corresponding week of last year, an increase of 9.2%. 591. R. $283,279 $1,721,700 216,364,000 p. 97,081 378,003 $230,731 221,473,000 Justin 11,438,447 6,500,000 _ $619,935 225,866,000 — Stockholders Receive $ 17,931,522 $455,318 "Includes deprec. and —V. this 30, '49 Dec. 31, '48 ASSETS— Net 2101. p. weekly kilowatt hour output of electric energy of subsidiaiies corporation adjusted to show general business conditions of territory served for the week ended Aug. 11, 1949, amounted to 319,335,123 as compared with 309,115,849 for the corresponding week in 1948, an increase of 10.219,274 or 3.31%. COMPARATIVE BALANCE SHEET Cash 169, Tne of $270,641 282,772 with provision compares Commonwealth & Southern Corp.—Weekly Output— , 336,656 $255,408 - deductions Federal corporation had net assets of $7,114,600 as at July 31, 1949. outstanding were up 31% during the first seven months of 1949, with July the biggest month in sales in history.—V. 169, p. 1988. for reserve 338,888 and expenses deductions 'net) Other This 10 cents a pound at December 31, 1948 and 6 30, 1949. < inventory price decline was reduced $900,000 at June 30, 1949 through a transfer to earned surplus, leaving a balance in the reserve of $2,100,000. At June 30, 1948, the reserve for in¬ ventory price decline was reduced $1,250,000. cents $116,430 168,944 sales "Costs 1949 Shares approximately was of quarter Commonwealth Investment Co.—Net Assets— to coat of sales. In addition income has been charged with a provision for payments in connection with the re¬ duction in soap selling prices announced July 16, 1949. The market price of tallow, the principal raw material used by the company, $101,697 169,308 6 Months Ended June 30— June at by a charge 1949 which 1949 23 share in per second corresponding period of 1948.—V. 30 SI.88 the for taxes $891,200, was 13 20, , income Week Ended— Aug. $86,100 net— income The Aug. 195,239 273,734 169, p. 1983. Net Following are the kilowatt-hour output totals of the past four weeks and percentage comparisons with 1948: ; $103,640,582, or $8,157,715 lower than last year largely the result selling price reductions. Foreign sales of $43,225,313 compare with in 1343. Net income for the six months was $5,298,464 $2.54 per v 4 o* "cmmon tork. This compares with $3,978,572 or i $1.22 2,636,878 ago. as or „ $3,213,582 $0.59 $2.51 were /i $1,563,757 2,636,878 $0.46 $1.83' : 540,159,630 of I $1,200,101 2,636,878 $0.26 Commonwealth Edison Co.—Weekly Output— 5,228,572 182,021 Consolidated Cement Electricity output of Commonwealth Edison Co. ana associated com¬ panies, excluding sales to other electric utilities for the week ended Aug. 13, showed a 4.5% increase over tne corresponding week a year $146,865,895 were —V. 1949f-6 Mos.—1948 2,636,878 Federal $2,140,800 for 1,250,000 6,198,464 $2.54 $2.99 surplus—'&—^ ------— Net $446,800 which compares with provision of $791,000 for the corre¬ 1948. Provision for Federal income taxes for the first 696,208 3,978,572 900,000 decline— price <mare share per 764,803 5,298,464 foreijn dividends.— for period.. income net tTotal $701,800 for taxes income Income 2101. p. Corp.—Earnings— share per 51,912 4,828,865 ; chgs. shares com. 47,006 income, Gross $2.98 — 1949—3 Mos.—1948 taxes taxes__ $2,873,496 sponding quarter of of Reduction of "Provision income from for taxes after taxes Earned Foreign— Dividend profit and 3,282,364 4,533,661 operation Solvents Period End. June 30— "Net shares net outstdg.R (965,441 104,750 local Net oper. 61,362 —-— —.——— deducting depreciation provision of $399,571.—V. 169, Commercial Provision stockholders 57,572 income & Other — sales Of minority to earnings •; Earnings per share 139,874 depreciation— $2,934,858 ——— Net •*.-*!. 103,640,582 111,798,297 .L 63,580,565 77,924,586 ■.* applicable — :; •-:r<-'--'V•/> Domestic— Net Earnings 1948 1949 earnings 77,820 $5,744,042 4,832,522 201,280 81,762 93,239 368,807 $2,836,352 & maint Federal S,ate - $6,143,737 $3,090,639 2,497,166 revenue exps. Prov, 1949—12 Mos.—1948 1949—6 Mos.—1948 2,385,231 revenue Oper. 204,588 35 June 3, March 5 and on of distributions Quarterly Net the declaration on & CONSOLIDATED INCOME STATEMENT 6 MOS. ENDED JUNE 30, quarterly usual at stock. common m~de were 169, p. Combustion < dividend of preferred stock, payable Sept. 12 to holder? declared COMMERCIAL by . be/at cents Unit Increases Facilities— This corporation California and Jason will has Container equipment of continue at its present announced Corp., the to has that leased Bemis-Jason manufacture its the wholly owned subsidiary, folding carton machinery Co., San Francisco, its line of location.—V. 169, p. 2641. Calif. corrugated Bemis- specialties Continental Baking Co. (& - and Net 70,061,249 73,018,653 68,833,594 $4,254,077 incl. degree.™ expenses, profit Other $5,311,958 75,217 202,553 132,743 $4,329,294 income $5,514,511 225,645 218,296 Interest, amort. & prem. on debs.__ Provision Federal for Amortization of transf. Balance income Common shares Earnings 537,714 537,714 $2,539,643 697,331 537,714 1,075,429 ,—_ share_______. Loans banks and Sundry Plant at Dec. 25, '48 $8,368,165 1,450,832 211,456 cost Total (less 52,496 depreciation) $1,566,053 deductions for savings $2,208,173 386,375 693,670 interest sundry taxes 10,403 payable Dividend and preferred on stock-.-- within one 3% of amount guaranty deposits 20-year 3 'k sinking fund debentures stock (1,075,429 347,929 14,884,000 14,750,000 (253,575 shs. shares no 25,357,500 1,000,000 9,145,331 no par) par) Earned surplus per < sidiaries. 1830. p. Steel Corp. Disct. 1049—3 Mos.—1948 1949—12 Mos.—1948 other \vtut.ci' $1.68 i for taxes $7,137,174 $29,859,246 $27,938,595 18,303 common ' 94,440 28,063 96,803 sales Cost sub¬ Total sales of W. Total of revs, credits Special Offering—A 5% convertible pre¬ Other and 6,441.743 Net for 335.412 123,377 517,536 2i6,000 295,000 1,319,000 899,000 Fed. tax inc. 26,312,816 6.340,606 has also appointed been parent firm. Trent He also was Tube charge of Co. Troy, Wis., in charge of elected -$304,492 •Before net 12 months adjustment of $93,773 for three month-, and $385,050 for to bring inventories in line with Current market prices. CONSOLIDATED BALANCE ASSETS—Cash in banks and , securities—at ernment receivable, ment of director the ret SHEET accrued inventories, aside for 30, additions United equipment of deferred States ox will make a.so his (less reserve charges, The stocknoiders authorized They headquarters in Pittsburgh.—V. 169, will to on 3b Aug. stock capital consider also repurchase wi.i from vote amending capital stock shares tne at proposal a on 300,000 Delaware & Hudson Co. (Includes The Hudson Period End. June 30— Total stock held in p. earned surplus, $8,237,857; cost of common 2749. 169. treasury (253 shares), Dr$3,835; revenues S. income cnarter permit to higher price a and Co. its the than deductions Earnings per p. com¬ 169, Nut y24,b59 622,528 7,807 letter Net sales $16,100,413 costs, and $17,491,441 $13,011,100 sell., gen. & admin, / - 619,969 1,115,783 664,401 1,286,222 1,316,323 877,515 1,551,064 1,773,430 —V. 1,188,265 for Plans 14,001,191 14,828,477 Prov. for inc. taxes (est.) 840,000 1,085,000 730,000 charges 4,325.366 204.51P, prov. — oper. 12 Mos.—1348 1949- next other Gross 2,401,266 4,816 960 4,734,061 2,540,571 556.604 499,052 4,784 ,591 1,144 ,241 4,319,301 1,017,106 793,783 €83,508 1,537 309 1,856 ,296 335 ,778 1,326,147 492 ,411 456,866 1,017,511 150,968 243,715 taxes— r 754,089 i 175.668 228,228 ■ $1,932,190 income ■ $1,434,046 43,874 income income 175,000 Balance surplus . per $1,084,222 $1,402,964 $963,766 $2.59 $3.35 $2.20 share_ com. preferred dividend jequ'.rements and ba.ed on 101,113 $3,768,699 BALANCE JUNE SHEET, ASSETS— Cash $1,098,029 $2,971,223 p. 172,500 345,000 $925,529 $2,626,228 1,385.120 1,162,600 1,395,120 $0.80 $1.88 $0.13 1949—3 Mos.—1948 alter charges : per 1949 sales and of '.' 186,029 Inventory 7,566,873 $0.64 V $0.15 other and assets 457,849 430,799 4,120,340 3,385,246 92,155 equipment—less depreciation insurance, $6,610,935 $6,958,698 $15,222,669 $14,897,074 4,729,430 398,467 377,809 $20,274,411 $17,937,025 LIABILITIES— ' Other $1,067,379 $754,384 postwar adju ts. & other 1,987,000 1,445,692 contingencies stock preference 2,238.513 1,600,000 2,024,000 759,758 $3,165,237 11,219 67,752 195,436 $3,232,989 7,221 $1,862,678 10,083 $4,022,651 30,508 419,000 703,550 1,218,000 1,494,100 $698,€01 $1,149,045 $2,001,373 106,064 44,357 212,128 $2,498,042 88,714 $0.78 $1.28 $2.23 $2.79 1,975,775 790,311 3,254,419 . 1,866,608 5,598.538 6,781,614 (est.) profit $3,827,215 for depreciation share per Advancement announced sale3. Earl J. Mills, sales of affecting W. two 17 key by of Manager the the to Other from, operation. income 1949 : j . $9,562,143 . 1,318,852 _________ , ' 1943 .1947 $6,146,046 $16,124,972 , , . 1,714,686 > 1,765,163 • -1946 $2,275,189 1,302,898 • . Total Taxes, income excl. of , Net P-eferred Common Com. of •For $3,578,086 480,557 369,823 taxes ■ 3,188,000 1,680,000 7,536,000 .1,179,000 1,080,000 900,000 810.000 _ ' $5,671,140 net dividends per $4,600,492 '750,000 - this company in was charge of 2lh for has years, Southwest sales Diamond at its appointed as which embraces been district, and Kansas. of Illinois, Nebraska. area and Diamond the company's the in' the Indiana, economic branch long-established $14,500,000 and in be used Mr. in ■ Mr. operation available combine ammonia. 100 . 1350. it late from with the nitrogen described Doan production the ammonia of indicated 13 York . Kaufman H. other American it would City Act in a President of Dow Export alkali worldwide Co., American manufacturers has our to said were that over Association has a within period the of United 20 regularly reported its Congress in FTC the the Doan the S. U. asso¬ States." the U. S. Alkali activities to the Federal years no objection to the U. S. association's added. of Judge Kaufman is allowed to stand, we feel Webb-Pomerene Act will be defeated."— of purpose the 493. p. Export Webb-Pom¬ ;• had apparently decision the 170, world Alkali the expressly ... permitted by not prohibited. We have denied that and "./V.-" by compete that position ■ the violated statement a passed was always activities in '■ - Act held last handlers cartel. Chemical Trade been decision anti-trust of before week enable It the it "" the British and appeal convicting •'f'1' Commission. "If V. The / life-of this Laboratories, DuMont ■; Inc.—Writ New York Against i State removed a tem¬ porary injunction barring Macy's, New York, from advertising and selling DuMont television sets—pending a final decision on Aug. 24. Until Aug. 24 Macy's will be prohibited from advertising that it is • "an authorized The Supreme DuMont temporary dealer Court on Aug. 17 distributor." or restraining Macy from merchandising the originally granted by Justice Samuel Dickstein on Aug. 3. At that time DuMont filed a complaint charging Macy's with malicious injury to its business by cutting prices on television sets more than authorized by DuMont. The firm then sought to bar Macy's permanently from selling its line of television sets. On Aug. 17, Justice Henry Clay Greenberg vacated Justice Dickstein's temporary order but said his decision on the question of a permanent injunction would not be given until Aug. 24. Either party may sets had bring the Macy's has order been issue filed to trial after the decision on that date. affidavits' charging DuMont with violation Anti-Trust Sherman on this and will have all of of the Donnelly New York State Anti-Trust Acts. far reaching effects on the dealer and industry.—V. 170, 204. p. ('new Cent Common Dividend— Iowa, Michigan, frontier', as reflected directors ; : of 65 cents per share on the present outstanding common stock, payable Sept. 14 to holders of record Aug. 22. TM is e irlvale t to $2.60 per share on the. old common stock outstanding prior to the four-for-one stock split-up on June 15. Interim payments of $2.50 each were made 'on the old stock on March 14 and June 14, this year. In 1948, the company paid three interim dividends of $2 each and a year-end dividend of $3.75—V. 170, p. 592. - sales on Aug. 15 Eastern Gas & Fuel declared for income Depreciation, and Interest and v / * 1949 — ' - ■ ■ | 1948 - $19,558,922 .—»—_—5,707,127 3,867,860 income.—_ $22,965,466 consolidated Provision interim dividend Associates—Earnings—» ,12 Months Ended June 30— Total an taxes-_____. discount —— - 5,738,655 1,951,287 5,327,424 $9,568,397 dep!etion____—_—...——;—_ debt $8,516,078 1,847,560 by chlorine — caustic soda plant at Houston,-Texas, and has stepped-up sodium silicate output at the Dallas plant," has prompted Diamond to "expand as well as unify its -sales- activities and service- efforts to better serve Southwestern industrial users of basic alkalies, silicates, chlorine, and their spe¬ company's will hydrogen there process New Anti-Trust Doan The of carload sales at Chicago since 1947, complete charge of Diamond sales activities seven-state Wisconsin plant 1, Net electrolytic Divid. income requirements Bal. applic. to 6% Earned per share of * - on ':4Vz%i prior pref.'stock preferred stock 6% preferred stock 1,108,727 1,108.729 $8,459 670 $7,407,349 $22.61 $19.80 900,000 inc._ • $8,973,578 860,055 $1,219,257 860,055 860,055 4,545,871 .4,545,874r 3,783,231 3,233,133 outstandi- 2,525,487 2,525,487 2.525,487 2,525,487 share__i_ $1.43 $1.43 $3.21 $0.14 ___ dividends shares Earnings $17,890,135 500,240 __ profit •Approp. $7,860,731 621,855 Federal- Federal income Depreciation $10,880,995 '! 1,400,000 _______ of Vice-President immediately. less-carload sales operations at- Wichita. Kans.; Oklahoma City, Ok la./ and Houston and Dallas. Tex., creation of this Southwest sales district and Mr. Mills' appoint? ment as Manager, together comprise a move designed to "expand and coordinate Diamond's- existing sales activities and service facilities throughout the Southwest/'- Mr. Frayley said. He also pointed out that "the steadily increasing participation by Enlarging (INCLUDING, SUBSIDIARY SALES COMPANIES) 6 Mos. End. June 30— Fraley, Manager take approximately Jan. (E. I.) du Pont de Nemours & Co. (Inc.)—Declares 65- executives W. past Texas, Oklahoma Klaus, of about Sales & Service Facil¬ effective company's named Minnesota, Refining Co.—Earnings— sales Fred are office the states of Charles been of changes ' Profits in Samuel 15 Doan, to Act Action Aug. on These Chicago the r, Aug. distributor structure has Corn Products 13,616 169, p. 2417. Diamond Alkali Co.—Expands ities—Advances Two Officials— $20,274,441 .$17,937,025 396. p. —_ inc. on Manager Dr25,7l6 ; Total • $1,124,823 deductions Earnings 2,585,50o stock surplus Earned surplus ♦ 10,310,101 $1,450,573 3,884,219 _• debt Treasury stock !4 11,263,858 793,573 $1,851,458 57,443 income. Fed. taxes —V. Trade accounts payable Other liabilities 170, I. DuMont Total Prov. Total ' ' 1949—6 Mos.—1948 1949—3 Mos.—1948 commis¬ S4.576 etc ' —V. plant anhydrous Haber-Bosch and 1918 that ; profit st?rt to § Macy's Lifted— 5,145,088 Net Capital form (Allen B.) income capacity a at Freeport, Dsaii, President, optimism toward $1.31 sold— 6,999,041 Prior the practices," Mr. 1,265,160 exps._ Gross plant company's .V'.' Mr.- 1949—6 Mos.—1948 products Other ammonia Leland 'I. anticipated the plant wi.l utilize ciation's activities restrain trade $4,410,359 $12,227,345 'y" $6,173,081 - $0.10 earned $3.30 at of the Co., Los Angeles, Calif. by is Webb-Pomerene "The 4,537,624 Common have expected chlorine to Association's 1TO, p. 203. sions 1948 $2,489,739 Investments in $1.54 30 5,605,339 s. for it Judge firm "The 1,162,600 •V 616,816 share- com. covering ofiered President this 15 of - Leland $1,792,718 110,825 Period End. June 30— Net shares $2,431,855 Res. will is company on Federal court Export taxes Earns, SEC the be . The Sherman the 203. $2,175,586 and to Krieger, Appeal Verdict in Alkali Cartel Case— a erene $1.00 $5,000,000 Aug. evidence plant huge air Federal 345,000 $1,392,945 Sales G. .. and as of on as violations. $2,137,718 172,500'- Period End. Juhe 30— $219,630 common Receivables Long-term To Shares of common stock 170, with 12 stock Woodrow Dow's This 643,267 outstanding per share $4.03 Michigan and California locations, and said it would employ 1,000 horsepower gas engines for compression of the air and hydrogen. $2,780,985 797,471 Selling & admin. Prepaid at 245,787 178,346 437,130 $1,565,445 stocks com. Aug. commcn of construction project year. the process $2,535,198 $3,590,353 $1,535,159 dividends for $_.il Shearson, Hammill & announced The said, from 290,077 410,719 ; $1.99 filed was value par account construction markets. Cost COMPARATIVE and $1.51 1,392,309 $1,976,164 deductions income Preferred 23.661 125;000 175,000 presently outstanding. Plant the company's $16,571,555 2,354,790 revenues— $1 the the future. Doan Detroit Steel Corp.—Earnings— •After the Dow —V. contingencies •Earns, for were Trade $4,773,173 11,152,334 for local of Underwriter; cited -Earnings— $18,553, 439 depreciation and Subs.) $8,691,726 V Federal (& 2,388.710 purchased gas 1942—6 Mos.—1948 169, p. 2G41. Texas, $3,244,653 $97,383 1949—6 Mos.—1948 $9,46/,371 expenses Net prolit expenses. Special $1,786,366 Light Co. & revenue. 1949—3 Mos.—1943 notification of for tons per day. Power ■ Dow Chemical Co.—To Build New Plant— Detroit-Michigan Stove Co.—Earnings— * $0.24 1381. shares company. of 1946 1947 1948 $0.45 $16,702,224 $19,117,151 $36,070,285 $37,067,443 1,609,059 2,122,563 3,316,073 4,305,716 $.50 $.37Va $1.00 » $.75- per share 1,007,642 shs. ! p. share per 35,300 $32,241 taxes Cooper-Bessemer Corp.—-6emi-Annual Report— Mfg. & Bel. $78,189 1,113,218 816,052 taxes • 47,922 $143,072 Douglas Oil Co. of California—Files With SEC— 1,790,607 650,125 Maintenance Net 112,663 .y;:"',v paid 169, A $5,714,819 $10,461,801 1,034,532 depletion oper. Total 90,747 87,689 1949—6 Mos.—1948 16,503 Period End. June 30— Total $238,774 share ______ Per shr. on —V. 562,627 Delaware Net 21,657 $321,508 $230,340 taxes—. income Divids. 169, p. 1989. Prov. 1947 $217,118 31,176 $475,684 104,167 141,176 taxes 376. salts Net 376,733 income Total 1943 $290,333 $0.72 income Period End. June 30— case 528,62.9 charges —V. $2.56 Doehler-Jarvis Corp.—Earnings— liqui¬ the Cr 10,000 _ and 102,27/ 1949 __w_. Federal profit after and old- taxes Deprec. $436,527 * 26,299 for —V. subsidiaries) $5,266,146 314,815 taxes income Other —V. 1,949 $0.92 shares. (& Subs.)—Earnings— Coal $2,894,489 . taxes Earned 6 Mos. Ended June 30— 76,u_.J $0.99 income 10,000 taxes $18,070,839.— total, $158,443 lo2,ol3 for said; ($14 par), $7,022,680; stock 383,521 $449,384 Other $22,653,371 $26,294,*75 $48,733,995 s>53,0oi,z32 -19,758,882 21,028,329 38,019,176 42,539,491 revenues Unemployment LIABILITIES—Accounts V. 150,426 112,0.3 $170,340 r payable—trade, $587,489; accrued wages, salaries and commissions, $388,643; accrued State, local and other gen¬ eral taxes, $270,624; reserve for Federal income taxes, $835,423; re¬ serves, for operating, compensation insurance, etc., $731,958; capital 197,o3 7 154,58o share per Prov. the increase to 1,000,000 to 1949—3 Mos.—1948 Expenses de¬ total, 39,74i $970,544 (est.)__— profit income Other $2,073,for 2*,970 $4o9,149 103,820 income on 2749. p. dating value, but not higher than the asset value, and in no less than the liquidation value as now provided.—V. 169, p. 2417. State $22,883; 34,570 168, p. 1480. Net Other Govern¬ 1947 $42o,746 Operating Delaware Fund, Inc.—To Increase Capitalization— accounts betterments, and credits Cummings Federal income 1949 $1,351,834; interest, $4,393,154; plant buildings, machinery and $8,091,566), $6,308,240; preciation $18,070,839. JUNE AT $930,803 6 Mos. Ended June 30— company, hand, $2,300,196; United States Gov¬ on plus cost $1,120,853; securities land, 679; $1,275,091 "$1,804,334 $406,254 187,181 $439,179 194o Dobeckmun Co.—Earnings— the latter. of director a also announced that R. S. a all manuiacturing operations of Crucible. of New York has been appoimed Assistant VicePresident in tne operations department. Mr. Cummings had been Assistant to the President since *945, concerned principally with opera¬ tions of the Crucible plants in Syracuse, N. Y., and Harrison/ N. J. Power income l,200,33j 2io,o3j ________ provided profit —V. East Vice-President as Colvm, Jr., President of Crucibie, Pittsburgh, Vice-fresident and Operating Net 1,392,3*2 233,993 _ profit Dividends Net of i.ico.ov.111 the E. M. 25,388,749 522,563 expen 5,972,387 1,391,2*9 $394,176 and taxes Field depreciation- for Prov. $7,165,237 $29,953,636 $28,085,403 es_ selling Prov. $7,097,647 $8,290,706 5,3j*,j56 deductions Federal * of is in now adminis. sales, $7,3*6,453 expenses depreciation income Subs.)—Earnings— 4,o^9,499 and administrative for (& sold products Other income V ... H. Poister Net and sales, other $5.37 1949 $6,548,937 Operating profit who Cost Corp. , Provision $2.73 foreign of Selling $7,017,586 tAi'ter Federal income taxes. — $1,534,267 $5.65 169, p. 2102. Net 1946 from 1948 $1,76* *45 9 Mo;. End. Mar. 31— ; 194/ received scares. taxes___ Dodge Manufacturing 1948 $2,029,854.74 of —V. 1949 - charges & common on 1949 Ifa9, p. 204. Steel Co. of America subsidiary, a Fixed income $0.87 fFederal Changes in Personnel— age purchases, int. on and $0.48 requirements, by Spencer Trask & Co. U. (& Subs.)—Earnings— $7,079,339 share ferred stock at $58.25 per share was completed on Aug. 8 Sales, after deduct, cash discts., returns & allow. Per $10,758,287 $13,891,308*$10,758,787 $4.34 $5.67 $*.32 share tOn 2,;i*o,628 Canadian Period End. June 30— 759,413 1949 dividends Crucible Net Continental 386,943 ;—V. lot), p. 15bJ. 25,357,500 1,000,000 7,008,553 $56,092,893 $57,200,036 — 169, income after (Incl. Domestic Subs.)—Earnings— com. •Including Gross Total —V. Not —;— 4,271,143 _______ Salesmen's Common Warns. pany 134,000 355,929 _____ taxes $5.50 div. cutnul. pfd. stock $8,599,399 u46,o22 (estimated), $151,000—V. Wet profit redeemable 2,076,099 year Accrued Federal income 348,066 803,572 268,857 debentures dividend 12 Mos. End. June 30— 10,408 348,666 ___ payable on common stock Principal preferred Crane Co. He .___ estate period 345,740 611,352 bond __ Accrued 35,815,731 $56,092,893 $57,200,036 payable Employees' payroll purchases, etc/ Div dend 1,040,026 38,224,223 Accounts real 54,746 979,450 : ____ Accrued 394,067 30,563 9,333,831 7,650,356 stocks, etc., at cost___. equipment •After 5 Cup Co.—Earnings— 12 Mos. Ended June 3Q— $6,553,942 special offering of 8,600 shares of 26,070 :■ ___ 1947 $6,905,872 earnings after taxes— •Earnings per common share 2,162,846 : charges and June 25, 49 SHEET ._ receivable to employees mortgages, Deferred hand_,__ on (689) Dixie 1948 1949 Net $1.71 $7,498,010 BALANCE advances Inventories $2.32 $1.71 * receivable accounts and 697,331 - Trade accounts CHRONICLE 1,075,429 697,331 __________ CONSOLIDATED Sundry 100,000 $3,199,615 $2,562,649 ASSETS— in 1,595,615 1,075,429 surplus outstanding common per 1,541,000 ___________ dividends Common 1,956,600 100,000 earned to dividends Preferred tax goodwill— FINANCIAL 6 Months Ended March 31— $4,479,047 243,789 :— .1 & Sales $4,346,304 operations from Total income Cash June 28, '47 $74,315,326 $78,330,616 $73,179,898 sales Costs June 26, '48 COMMERCIAL Cornell-Dubilier Electric Corp.—Earnings— Subs.)—Earnings— June 25, '49 26 Weeks Ended— Net THE Number 4831 Volume 170 „ . replacement of facilities at current cost.—V. 169, p. cialized derivative chemicals/'—V. 170, p.-104. • >- —V. • 860,059 2417. , ,Diana. Stores Corp.—July Sales Up 4.4%— 1949—Month—1948 1949—12 Mos.—1943 $1,180,361 $17,453,559 $15,318,403 Period End. July 31— Sales —V. $1,232,847 _ 170, p. 302. u • 170, p. 105. ' , : - Eastman Kodak Co.—Official Promoted— W.lliam Albert K. S. Vaughn, who since January, 1946 has been assistant to Chapman, General Manager, has been elected an Assistant ■! - Vice-President.—V. 170, p. 592. THE CC90) P mrjj Malefnded JUnC 30~~ of Number —V. Total moms;. 1'78?^9« share-— 1451, 2102. & Light & for SJ1J . . , operating limited-term 1949—Month—1948 S5.671.120 $42,637,832 $42,571,054 Total Subs.)—Earnings— — 5046 — income 170, $0'47 —• Number of Mr: Separate a of time. progressively Each in¬ Ended of 1946 2,269 1,034 I $256,092 $202,095 3,859 5,950 4,431 1,050 "9,238 1,133 $261,603 $273,069 $271,231 $207,659 28,744 34.134 35,018 12,424 12,285 receipt received as /// income lor / ; expenses Prov. and 5268,160 dividends Total 7 ' 1947 1943 • 12,109 date stock Total "17 Weeks J949 $258,300 & Fed. taxes 41,349 normal surtax ■ 719,959 1,846,622 $0.38 outstanding Total 1.032,629 1,845,456 9,147 SJ.54 net inc. (excl. of gains or losses real¬ ' share— common per "Corrected after NOTE—No gives Ekco a lines to the Ekco family autonomous division and that Ekco stainless steel flatware at its new, comparison preferred fiscal interim in periods *xtend3 will continue its modern factory ago year a Franc.sco of 5 dividend extra an cents Ry. bonds since the in $157,163 unaer plan ox representing interest date of 220,152 aggregate acquisition by market rcoi^a.,niat.on acciued preatce sor a ox and 158,602 value bi. of unpaid new s-San _,ou original on company. NOTE—Realized net profit on securities sold was $77,900 for 1949 per.ed. The net asset value per share at June 30, 1949 was $43.33, as compared with $43.22 at Dec. 31, 1948.—V. 163, p. 1882. ago. declared have directors $223,977 .—■— included $8,389 received share per the regular quarterly dividend of 10 cents per share on the com¬ -stock, boih payable Sept. 15 to holders of record Aug. 39. An extra of like amount was paid on June 15, last. The company la t and Elgin National Watch Co.—Earnings— $226,511 ' securities Declares Extra Dividend—Pays $1,000,000 of Notes— The - $220,750 : ; "Includes nearest April 30. supermarket chain which to Florida numbered 110 on July 23, Ia49, York New from compared with 100 unrealized Dividends is available because of a resulting from the change in the year a and securities) on requirements. dividend with ized fiscal year which now ends on the Saturday The number of units in the retail food 170, p. 302. Byesville, Ohio.—V. at well short under $.>5,578,237 $50,307,556 — ——— shares common tEarnings well rounded line of flatware In all styles and price ranges, Keating further stated that the Diamond Silver Co. will operate manufacture at taxable Record Sales— all charges and taxes income after three a treatments Corp.—Earnings— dividends Interest Sc.Ies complete, as $5,449,185 _ Ended President, the Diamond of Value 493. p. difference addition ,3,565,630 —: 12 Weeks announced Aug. 10 that this company had purchased the Diamond Silver Co. of Lambertvil1c, N. J , a lead.n? manufacturer of low priced table flatware in silverp.ate and, in The Cash July 23,'49 Apr. 30,'43 Co.—Acquisition- Ekco Products (net)— Food Fair Stores, Inc.—Reports Net Keating, General Capital $9,014,815 ——— 40«n°47 169, p. 2203. Arthur deductions acid more the Gaspe on for the acidization of scheduled to start in or Dow $3,978,939 —35,876 —— $237,372 shares & B common share per $231,026 405k°?2 1 income Earned —V. two the of gallonages of acid, each treatment to be followed by extensive swabbing operations.—V. 167, p. 1469. of -V. . class~A — — —,.— given have been Chemical Co., Peninsula. we.ls and possibly that arrangements 10 subsidiary creased pressures and 4,249,895 J——— income income Net $14,131,806 $14,401,714 448,012 496,335 ~ nroflt" before"'taxes Net revenues (net) be to 6 Mos. End. June 30— Sal^0UthS End6d JUnC 20~~ Number of income Gross (Thomas A.) Edison, Inc. (& Nit operating Other $4,C95,704 302. P. proiits taxesr„___ excess is 3,374,115 plans call work fourth ,with a 2,284 profits Contract— (Canada)—New Aug. acidizing of several of Gaspe's wells the Present 3,012,000 — investments excess for 20.918,726 appropriations of than income and Net 1707 Gaspe Oil Ventures Ltd. $40,535,959 —— Amortization Monday, August 22, 1949 This company announced on concluded with Dowell Inc., a 1949 30, Inc.—July Sales Off 17.2% Period End. July 31— —V. June — Provision for Federal income and .1.-1.-.--.- Ended revenues—— Taxes—other . CHRONICLE Co.—Earnings— Months 12 operating expenses Property retirement reserve '*711 r — pp. Edison Bros. Stores, Sales FINANCIAL Total <.wm™ - shares.—- common per 169, Power Earnings $54,6834040 SG2,7514860 - £S^rSSftSS==—L-_ Earned Florida (& Subs.)—Earnings— Manufacturing Co. Eaton COMMERCIAL General Electric Co.—Announces New Motors— mon June 18, '49 June 19, '43 $10,735,409 $10,450,527 24 Weeks Ended— Net sales — "Sfit^!So7eiax;^::zL:-—975.501 353,000 376,000 income Federal . taxes profit Net — —— —V. $617,561 800,000 $0.77 —----- - - Capital shares outstanding Earnings per share — 169, p. 2418. , ■ . and billed and $0.<9 Ford Hotels Co., Sheraton back company's $22,800,000.—V. loom America / below.—V. 169, 169, log orders of 1948 1,703.184 $4.47 on June 1949 30, amounted 2102, p. "A", stock of to writing. ... Endicott Johnson Corp. (& Subs.)—Earnings— 6 Months Ended— sale-/. Cost of goods sold ; 52,770,590 8,506,999 . Selling, general and admin, expenses , income notification Capital 94,435 63,134 $6,867,604 announced their desire 169, - Total company, Total income Interest & tnlscel. income deductions 134,610 Federal taxes on 625,000 31,706 1,975,000 Provision pen Cr636,611 850,861 ■> T ,$1,046,748 $1,629,956 144,760 $1,778,735 144,760 _jTr.—972,864 1,053,936 628,303 for Inventory income— ions "A T; Net J./. profit Preferred -V- •— Surplus period...— outstanding Earnings 2,760.000 per share,., common — 1 V ' - ASSETS—Cash, $5,331,892; "Net $1.83/: V *• '' f 304. p. Texas Gas Stock— This corporation it authcriaztion of Texas Gas ' _ ; ; shares Corp. collection), $10,024,496; other accounts of on Aug. shares 25,000 Federal receivable (less stock > LIABILITIES—Notes payable, including commercial paper, $11,500,000; trade accounts payable, $1,850,533; salaries, wages arid commis¬ sion:, $2,947,342; accrual for retirement plan, $1,167,948; Federal taxes on income, $2,189,471; taxes, other than Federal tax on income, $545,^ 566; miscellaneous accounts payable and accrued expenses, $1,610,906; notes held by workers under savings plan, $403,438; provision required surplus, $14,630,43.1; total, $81,689,411.—V. 169, 1666. p. J on jto - added interest rate of the redemption premium, by amendment. Engineers Waterworks Corp., Harrisburg, Pa. —Files With SEC— 6EC corporation covering offered at on Aug. $140,000 $990 of unit. per filed 10 series The loan, invest In additional capital. Underwriters are: C net public C. letter a 5% of notification debentures proceeds utility to are due be companies, with 1971, used and / sale the 3% to be that Collings & Co., E. H. Rollins & Sons, Inc., arid Battles & Co., Inc., Philadelphia, Pa., and Warren W York •& Co.,, Allentown, Pa.—V. 166, p. 1149. notes Eton • It bonds, and The Is Sterling -now rate announced apartment 85/ this month, that tne sale of the to of the Bank make & an Trust initial principal amount Co., their other rate annual details the of are due 164, New York N (& Sub .) —Earnings— 1949—12 Mos 1948 Electricity elec. gen. Prov. for depreciationincome taxes- Operating income, Other income (net) - & Treasury 5,961,006 5,394,994 2,529,599 deducts.— 142,510 income— '■< 815,575 1,099,280 688,350 557,251 800,600 746,000 620,100 1,101,330 680,064 $2,977,647 $2,035,480 1,314 2,646 sale Balance —'V. 169, of $2,036,795 $1,694,425 1,128,571 635,314 514,144 $1,884,859 properly $1,401,481 $1,180,281 193,475 liabilities) $2,078,335 $1,180,281 and $17.40 170, Mar. 31, '49 Dec. 31/48 $404,430 $215,025 ■6,900,950 v7,000,157 1,845,675 Harris, for ether, 10,211,000 / 9,150,500 6,825,750 7,433,750 3,437,500 -8,990,750 7,685,500 common— State and appreciation, muriicipai if :. ■/'•'. 66,000 SIX MONTHS 1949 L Z 83,000 of all Gas to to $115,034 (after $77,000 1451. p. the outstanding filed was GPU this its the shares of common stockholders. of no SEC stockholders 10 eacn shares own shares with common corporation ENDED JUNE 30 ■///•'/,■. 1943 1947 1946 $729,432 $/32.932 $619,810 on cit Aug. the GPU of value par 15. rate of stock held for the week ended 12, Aug. or 106 907 Gould and dividends • has 1948 $1,690,805 $1,690,307 recently announced a 15%' increase in period ended June 30, 1949, over sale3 ago,—V. 169, p. 602. year been appointed President, elected to new announced. since will 1935, well as Director a of post Mr. be in who charge Toni's as the of Director Gould, of of all market Toni Sales, has sales research Co., R. been and a N. with W. the promo¬ program.— 169, p. 1883. Grayson-Robinson Stores, Inc.—July Sales— —V. 170, p. >1949—Month—1948 $4,190,709 will company in the Great The is company its use; $41,784,250 $38,122,906 Line Co.—Plans Expansion— kpend Lakes President, announced firms 1949—7 Mos —1948 $4,723,319 304. Great Lakes Pipe The > $37,500,000 this area Aug. on owned : 17. to boost supplies of burning winter, Harry Moreland, coming ./.■::/;/////-;, "" oil companies and ten other oil >:;;;//;/^///Z ;//>•/■/■•/-"'' / '// % eight by facilities. / The company now operates pipelines carrying oil products from Oklahoma and Kansas refineries to 14 delivery terminal; in Kansas/ The South new Mr will between increase 170. "p. built Iowa, Minnesota and Illinois. existing pipelines running front areas northeast, section of 12-inch pipeline will be along the consuming to stated Des the North Dakota, be Kansas Moreland laid V. Dakota, lines Oklahoma and the Moines first and Minneapolis by about mid-December capacity along this route by 200,000 barrels 304. (II. L.) a day. " v ; Green Co., Inc.—July Sales 8.6% Period End. July Sales —v. 169, p..2642. 31— 1949—Month—1948 - $7,299,201 ' Lower— 1949—6 Mos.-^-1948 $7,987,979 $43,980,839 $44,268,553 //// : /:.;//////:;; i////;:/-///"-/// , . 94.067 .92,733 $626,025 $525,751 $479,434 139.500 139,500 139,500 327,780 Griesedieck Western Brewing Co.—Listing— Board '139,500 approved of this of / of Governors of the New York Curb Exchange on Aug. listing of 690,017 shares of the $2 par common stock Of this stock, 640,017 shares are issued and out¬ standing and 50,000 are issuable against exercise of conversion rights 17 dividends Jan. 1 L- Aug. 7—1943 $87,060 Co.—Quarterly Sales 15% Higher—» President, three-month Period End. July 31— 1 $572,163 $592,479 soldt_ $87,758 Sales 77,000 $35,200,305 $34,714,682 327,780 securities first activities $35,283,305 $34,791,682 profit the the company. 5% cumulative convertible preferred stock.—V. 168, p. 2431. 1—No interest and 2—Net $1,088,988 1G66. offered Gerber, the concern 7,582,000 provision for Federal income tax has been made in view of the company's election to be taxed as a regulated investment com¬ pany and the intention to distribute substantially all the net income p. 169, 15,576 amounted //■ realized interest and (excl. Common offer Rochester output tional The on 1946.—V, $34,267 29,243 watch $190,121 in 1947 and $231,981 in will be parent 1.853.250 10,059,000 136,953 inc. 1943, Products F. for Nebraska, Expenses Net investments on p. 594. subsidiary, on $290,932 ——$33,971,311 divs. from $1,401,481 1949 6,205,404 : Inc. NOTE $2,445,169 2313. and on Preferred $3,013,431 $2,445,169 surplus—^ p. (less securities I . 1,134,393 31, 1949, March 31, 1949/and Dec. 31,' 1948, market, were as follows: *. *•• •. EARNINGS FOR $1,691,779 35,784 dividends 30; June Total 647,047 5,336 March on $24,037,311 673,943 1,285,733 1,304,700 1,211,401 Special credits resulting from share Total taxes gain <approx.)___ and 47,601 1,336,026 After 2,970.725 Deduction $31,501 26,254 2,095 Gillette Safety Razor Co.—New Director— oils receivables Industrial NOTE Net per Bonds 3,346,490 74,335 $3,579,562 income S. $47,191 24,274 for the comparable period a President, "state Other securities; , Total of as U. $9,241,473 1,657,259 $3,574,225 taxes— sets Cash * 298,783 1,514,539 Maintenance Federal 1,775,868 Linder, June 30, '49 1946—6 Mos.—1948 $9,413,448 purchased for resale Other ;;" / F. $33,971,311. were v- the Oper. revenue—Electric. $18,568,318 $15, 973,694 Operating expenses 3,417,928 3,189,480 for Harold Stocks—Public utility, pfd. & com. Oil, common ■ Florida/Power Corp. used with $17.69 31, 1948. a of to electric Daniel ( arid assets preferred liquidating distribution' at'the of net stock, common with securities valued at Y. 826. p. Period End. June 30— Fuel compared -Net trustee, 1949. the on as Dec. corpo¬ 24,223 by amendment. revs. sales of redemption, offering will be stock and $327,779 (20 cents per share) the decrease for the six months was $743,371. Net assets, after deducting $8,200,000 preferred stock, were equal to $16.94 per share of common stack on the 1,638,898 shares outstanding, first mortgage 6% income bonds The remaining cash will not be distributed until after deter¬ mination of costs, expenses and allowances by the Court To receive payment, bondholders must present bonds to the trustee for stamping —V. $139,500 the building has been effected. National prepared of earlier is Bernard Chairman, 30, June on Lodge Corp.—Sale Consummated—Distribution— was ration's of Altschul, of as 19,317 $90,883 Georgia & Florida RR.—Operating Revenues— —V. American Investors Co., Inc.—Report— General Frank ."• C. 16,784 1,485 21,620 —Week End. Aug. 7 1949 1948 V. repay working stock be tiled Oper. the to to for 30,299 1,401 Sept. 8. The subscription price and other details of the otxering are The , The . 35,278 1949 amounted to 114,835,463 kwh., an increase ot 2,508,O'i4 kwh., 2.2%, over the corresponding week of last year.—V. 170, p. 593. Mo.—Registers With SEC to be used in part to repay $13,800,000 1950-1956, premiums on such loans aggre¬ gating $310,520, a $1,000,000 2% note due 1950, and the balance for the company's construction program.—V. 166, p. 1050. 2V2% 1946 $89,884 ___ net taxes) . approximately total: number .of Proceeds from of 1947 32,711 Weekly Output Increased 2.2%— ' - company The their 1943 $100,620 32,032 share of Rochester Gas stock fcr one 15 has requested SEC of the common stock On Aug. 12 filed a registration statement with the; SEC proposing the sale at competitive bidding of $18,000,000 of first mortgage bonds series due 1974. '.-//<■';* ' at $50,041 of Gerber to give effect to the normal base stock method of inventory, $17,337,706; 4% series, cumulative preferred stock, redemption price and liq¬ uidation ($100 par), $7,238,000; common stock (par $25), $20,268,000; 17 Aug, on states that the 25,000 shares amount to company The $0.61 //' - 1,360 corporation common Corp. (Owensboro, Ky.). This is part of offered on Aug. 17 (see Texas Gas Trans¬ publicly below). Gas Service Cd„ Kansas City, ■ $0.03 593. p. Corp.—Earnings— 1949 in Rochester Gas & Electric Corp. to registration statement covering 835,000 A - , $81,689,4] 1. 170, General Public Utilities Corp.—Rights— / of the total ta be offered or 1.1% of the shares outstanding and, assuming a price of. $12.00 a share, would "represent an investment of approximately 4.93% of the company's assets, as of Aug. 3, 1949. 1 ■Interested persons had been given until Aug. 16 to request "a hearing. —V, 170, p. 593/ $152,318; Inventories, $45,762,882; prepaid taxes, insurance misbellaneous, $389,330; investments and other assets, $3,348,533; property, plant and equipment (net), $16,679,959; goodwill, $1; total, and / Nil credit.—V. tax _1_ dividends ive income This ■ . * ' i , announced purchase >11.8% accounts 486,853 $100,217 1£49, $130,823 in . (Boston)—Seeks to Acquire ■ Transmission 218,625 provision ' was the for mission SHEET, MAY 28. 1949 receivable, earned in 1949—Rfcnth—1943 1949—7 Mos.—1948 $10,966,000 $13,706,000 $70,829,000 $85,044,000 Gas Industries Fund, Inc. $2.01 1947 So00 047 486,853 — income "Exclu This stock The trade of $600,000 for possible losses in ^ ——- — 170. 1943 $15,807 486,858 bank loan__ on Preferred under $400,000 of 810,720 '-■//.//// CONSOLIDATED BALANCE ■■ f Period End. July 31— Sales reduction of Federal income taxes result¬ to *■ ' "After depreciation of $821,149 in 1949, $623,360 In 1948 and $465,305 in 1947. tlncludes $2,061,257 transferred to inventory reserve, tin¬ cludes $740,000 equivalent ing therefrom. fiLoss. • 'v $1,005,667 810,720 payment Gamble-Skogmo, Inc.—July Sales 20% Lowers— '•(! 144,760 $431,260 first Motor ^ i „• ■ 810,720 ' $1.11 , its . ■ $$70,876 shares made 1 sinking fund provisions of its $15,000,000 of debentures, thus reducing the outstanding amount of the issue to $14,600,000.—V. 159, P- 2751, —V. for Common / —— dividends Aug. on company Medium $187,840 income Interest the $2,280,000 i dividends Common 48,870 , — reserve . The : share per General expenses Taxes (general* Fruehauf Trailer Co.—Reduces Debentures— 1 and 1949 , 6 Mos. End. June 30— of 1666. p. Small (& Subs.)—Earnings— outstanding General Public Service letter 9 thereunder.—V. E.'s specifically designed to improve and increase loom speeds,—V. 170, the age of 53.—V. that no offering has been withdraw Letter of Notification to offered be not Aug. on G. are costs, Roy E. Hammond, Comptroller, died in Detroit, Mich., 170, p. 593. ... 1469. p. filing with the SEC on Aug. 8 of 8,600 shares of capital stock of this Is shares will per unit. No under¬ expand sales and to in-«. to by motors power Geiieral Motors Corp.—Official Dies-^ at $10 be used new "Net loss after carry-back 48,435 $4,487,523 said as 167, stock "B" to shares Earnings V; Co.—Offering Withdrawn— Co., it and of These operation, reduce Net protit after taxes the covering Czarnlkow-Rionda $6,819 169 $1,169,753 income $4,424,389 with connection In 60,296,796 153,140,922 8,973,631 6,742,123 $1,075,318 proceeds are working capital.—V. commenced "Operating one net Francisco Sugar May 23, '49 May 29, '48 May 30, '47 $62,352,907 $73,694,815 $66,702,214 — share and The flywheel loom motors, incorporating characteristics of G-E cast frame loom torque announced 3 Months Ended May 31— The company on Aug. 15 filed a letter of notification with the SEC covering 10,000 shares of "A" capital stock (par $1) and 5,000 shares of "B" capital stock (par 10 cents) to be offered in units of two shares 1,402.154 $3.72 and General Instrument Corp. . 2313. p. totally-enclosed been 593, p. 170, p. 593. of speed has Divisions. Frailey Industries, Inc., N. Y. City—Files With SEC— crease Other Inc.—Acquired— of Corp. line new unique motors, President, announced that $1,000,000 of 3% notes April 30, last, have been paid off, and that '/ales on earnings are running ahead of a year ago."—V. 800,000 $13,480,706 $12,587,315 after changes & taxes.—— Earned per common share—————- Net each, cents George Friedman, outstanding $635,985 1949 1 — Net profit The 10 , * Ended June 30— saie3 of Co.—Earnings— Elliott 6 Mos. dividends Dec. on See Net four regular quarterly cash 29, also 5/ in stock. paid year 1,011,935 A the in on securities scld $771,034 in 1947 profit from amounted and to $1,305,561 sale of securities. $170,344 in in 1946.—V. 1949, 169, Gulf Public Service The corporation Co., Inc.—Files With SEC filed — letter of notification with the value common stock to be offered at $11 per share, the net proceeds to be used to pay for improvements, etc. Underwriter: Rauscher, Pierce & Co., Inc., Dallas, Texas.—V. 170, p. 398. " " . dividend"; and the net profit 1S48, 1 SEC covering on 27,000 Aug. shares 12 of $4 a par Number 4831 170 Volume THE COMMERCIAL v: • - Hudson & Manhattan :Hajoca Corp.—Earnings— prof. aft. tax. shares Common Earns, per - . 1948. of Gross 115,121 69,873 Oper. expenses $1.23 $4.55 less than the correspond¬ to 1 on June 30, 1948. Book value of June 30, 1949, was $49.41 per share.—V. 169, p. 2103. 1, compared with as of the stock as 1.8 the $756,501 $791,135 $4,587,248 702,794 744,416 4,129,172 4,224,251 $53,707 $46,719 $458,076 $590,110 9,242 9,787 55,428 77,683 $62,949 $56,506 $513,504 $667,793 —_ 129,822 131,536 780,562 789,649 bonds 85,295 90,641 511,775 543,850 $152,168 $165,671 $778,833 $665,706 & taxes __ pany $3,000,000 income •Income Int. ... charges inc. adj. on . Deficit Co.—Earnings— ______ •Exclusive of interest earnings Gross 467,333 913,541 net— 613 4,613 DT 186 taxes 453,360 545,248 905,787 for The 891,572 state 1, sion of the "The $274,360 $330,248 $547,787 Preferred $7.86 $9.46 $15.69 $15.46 Common $0.62 $0.76 $1.24 $1.21 income Earnings —V. —: share: per 169, with shares will of be $4.25 1949 at $102 per ■ 13, Oct. on 1949, 1 * stockholders Aug. on registration finished goods Nov. 30, on paid were off in Mr. June, Simon are approximately $10,000,000, 3948.—See V. 170, p. 594. Company first 398. p. mortgage due amount Period End. June 30— Net rents payable $987,281 780,005 106,305 $5,831,275 4,561,913 641,626 29,887 22,202 $605,534 Trust 1, 3,682 2,327 14,626 $187,750 46,692 $620,160 9,338 282,076 No. of Shs. Total Income Miscell.: deductions $139,125 $328,746 78.23 A at 171,563 Period End. 1 $907,901 ■ 1949—6 Mos.—1948 1949—3 Mos.—1948 July 31 1,933 Mandt Mr. 79.01 J depreciation Bids 6 Mos. End. June 30— 1946 f 1947 1S48 1949 $47,393 Dividends paid $49,884 71.06.- 18,000 18,000 — 710 Each •On $0.04 $0.06 $0.05 stock outstanding shares of capital t$2,304 $14,232 $31,884 $29,393 share 900,000 par). ($1 cessful LIABILITIES—Accounts dividend payable on July $900,000; earned surplus $53,402; stock ($1 par), $823,523; total, $885,925.—V. 169, p. 2752. 1949, payable, capital $9,000; plant profit share be •After 785,000 $1,395,389 $1.51 _— shares common Eugene Bissinger $3,906,686 V 6,408 $3,676,295 Total income deductions $2,068,072 861,979 $1,586,451 911,568 $3,913,095 1,746,748 $3,691,602 1,841,717 $1,206,093 $674,882 $2,166,346 $1,849,884 $2,063,236 •Fed. $566,742 $6,249,541 $5,752,035 13,447 220,461 45,785 Gross $580,189 $6,470,002 $5,797,870 120,518 1,576,234 1,105,311 $562,746 - $459,671 $4,393,768 $4,692,559 deductions income Dividends applic. Balance —V. $689,971 127.225 income Income Net (netj— 170, p. for the 389,583 (St. Louis DST) noon, bid- will within to IRaw of the 1949, 1, has elected Secretary to Net e.'.rned 1947 1946 ' flncl. at secur. (Harvey) Hubbell, Inc.—Earnings— 6 Months Ended June 30— income, after Federal $61,695 366,285 •. - Bal.. surp. $57,538 352,373 - taxes 1949 * 1948 $536,100 _ $539,500 $1.67 j v •After ; all ' $45,509 324,679 all - 16,122 . June 30 $409,912 40,000 $386,310 40,000 $338,308 ' $427,980 40,000 r~ 1946 $7,591,950 . 2,757,973 $6,046,157 -$3,898,606 2,757,973 $2.49 $2.75 $2.19 ,-2,575,973 ; $1.41 share-J-i" operating costs, depreciation, including <- < 1947 1948 1949 2,757,973 outstdg- the first half of 1949, 169, p. *■ Gros-, End. June 30— income * depletion, and against 930,683 tons in the corresponding 2103. $387,980 $369,912 $346,310 BALANCE SHEET JUNE 30, Federal normal 1949—3 Mos.—1948 9,051,013 U. S. ' revenues income age $339,516 - taxes—. Unemployment and taxes taxes Fixed ■ 1949—6 Mos.—1948 $10,903,643 $17,355,114 $22,953,948 9,762,309 16,738,571 . and $1,141,334 $616,543 20,231,717 $2,722,231 '207,500 • Canada J. p. 114,685 156,734 184,259 — and N, Hobart 1949 * 3,310,094 3,794,472 earnings Feb. had Iron-Works steel Earnings —V. per Machines Business Other since Net Corp. (& 1948 1949- tax rents fac. Joint .1947 subsidiary, a Other 275,000 165,000 Dr>_ 173,482 Cr2,023 $874,101 $664,713 - LOUISIANA OF "Net $7.91 »—V. accruals Dt)_ tax rents fac, avail, ry. for 1949—6 MO .—1948 : $1,068,881 140,564 $6,590,515 $7,066,134 1,151,201 807,142 1,168,656 302,874 67,720 626,107 • (net (net rents 170, Dt) ' 975,665 i, $5,634,404 $5,235,377 RY. ' • 22,064 108,282 118,464 $350,528 $243,708 $1,809,705 $2,039,814 / ' ^ • ... . 1949—3 Mos.—1948 '■'."■The new $2,553,997 14,428 $2,571,681 9,988 $4,493,344 23,242 $4,257,834 26,881 $2,581,669 $4,516,587 $4,284,715 1,982,262 185,940 3,563,778 358,097 153,650 2,098,084 163,077 5,732 121,369 - of Fed. Utilities Co. of Delaware—Preferred products sold. 7,755 deductions taxes Net inc. on stock ning Total Cash (est.) is convertible conversion stock at mon for each share on or rate of before June 1, 1959, two shares of com¬ of preferred. basic / scaling down to $30 per share after June 1, 1958. It also has benefit of a purchase fund under which the company, beginning 1960 3% of and in each the aggregate thereafter, will set aside out of net profits par value of the shares of preferred stock year 1959. of these newly issued shares will be applied in part toward the cost of the company's construction PROCEEDS—The proceeds from the sale paidend profit per share.— Net profit of subs, not included above of Net Net parent $363,742 635,767 998,399 698,514 $829,173 77,238 $1,362,142 154,476 $906,411 154,476 v ■< - $1,207,666 $0.78 $751,935 $0.62 $1,207,666 $1.18 $751,935 $0.67 41,266 20,122 81,729 45,293 $0.13 280,083 $0.07 213,528 $0.26 445,472 253,191 $0.91 $0.69 $1.44 $0.82 $188,345 $192,927 $319,640 $329,062 shr. company-. profit inclu. subs. profit per share In¬ cluding $207,897 $193,406 . Subs, net profit per * 6,75fc 125,655 . $238,817 of period Net The preferred stock is subject to redemption at any time at $30.75 share if redeemed on or before June 1, 1952 and thereafter at prices 222,939 $1,284,904 " 77,238 surplus at , 1,046,087 - - period surp. 3,619,023 325,380 8,028 begin¬ at surp. of dividend Bal. common a profit Earned Corporation on Aug. 17 investment banking group which offered to preferred 1949—6 Mos.—1948 ; Sell., adm. & gen. exps. Other 305. an , — a income Total Cost . the , plant The $2,568,426 sales Other dends. f any ■ subsidiary) 399. P. steel. ARKANSAS AND J 17,304 / income oper. ry. Period End. June 30— Net / fixed ~ o. * / shares of 5!/2% series cumulative pre¬ ferred stock at par ($30 per share) plus accrued divi¬ in 845,246 to sold 1,602,821 98,986 $1,141,887 193,282 opers. income 170, America—Earnings- 1949—Month—1948 revenues. Iowa «Southern 403,983 $675,570 V be 1949—Month—1948 1949—7 Mos.—1948 $1,383,762 $1,786,465 $10,543,683 $11,541,304 876,034 1,020,302 6,767,808 6,599,872 132,500 218,000 932,000 1,444,920 79,149 69,583 562,632 576,749 35,067 105,988 363,256 761,485 revenues oper. expenses income taxes, ry. Equip, will 1949—7 Mos.—1948 $3,405,502 $22,936,868 $23,153,131 1,829,294 12,939,190 12,484,728 420,000 2,325,000 2,915,000 149,000 1,158,000 1,207,000 128,945 1,270,359 879,459 Z)r4,162 JDr8,942 Dr32,540 $3,047,810 1,771,638 income oper. oper. Federal . Stock Offered—The First Boston 350,432 567,236 2753. Ry.—Earnings— (net)- rents ry. Railway Railway Subs.)— 132,629 oper. from rev, —v. 371.694 •$823,307 This company. p. 1949—Month—1948 . accruals (net EARNINGS $5.52 $6.16 . charges Net have would 170, p. 305. Income ,v- 199,998 411,288 the 169, produced mostly ingot May.—V. 170, P. 107. last revenues oper. ry. Equip, ._i $10,330,600 $13,836,161 $11,328,001 2,632,007 2,506,712-i 1,432,407 outstanding share Period End. June 30— 167,234 $248,129 period Kelley Island Lime & Transport Co.—Earnings 239,500 319.895 169, p. 1991. Corp., which mill closed oper, expenses income taxes— Federal charges—— shares to ended June 30.—V. (Separately-operated 'Net- profit Capital according quarter, 13 Period End. July 31— Railway Railway $26,589,705 $22,696,961 $18,699,261 U. S. Fed. and Canadian inc. taxes 16,209,105 8,860,800 7,371,200 after 1949 the company's mines, mill and not been curtailed by a strike of Canada, second the for oneration elected Directors. have been Hare Six Months Ended June 30— Frofit 181,941 318,979 •$418,830 depletion.. income •Deficit.—V. 2,105,489 Quebec, 494. outstanding on Dec. 31, Net $1.89 Kansas City Southern per " 97,458 charges Deprec. $1.94 buyer through H. H. Buncher Co., a Pittsburgh (Pa.) development,, who was given authority on Aug. 12' to sell been Net 170, higher if entire small the public 80,000 old- „ Other $1.12 and sales Phoenix the income tax Into "■ the Institutional Shares, Ltd.—New Directors— headed n $9,390,529 . Expenses Net $3,444,980 * (& Subs.)—Earnings— Hudson Coal Co. Period * $3,312,013 Ca-- which began has payable, $115; accrued corporate taxes, $4,and surtax—estimated, $4,143; capital stock (par $10), $1,000,000; capital surplus, $424,140; earned surplus, $338,308; total, $1,771,456.—V. 168, p. 1255. Mining & Smelting Co., Ltd.—Earnings— 1948.—V. $2,219,404 taxer_ Asbetos, interested LIABILITIES—Accounts 750; NOTE—Ore milled from the company's property amounted to 923,820 tons in period of at strike - taxes. income NOTE—Both plant $42,679; marketable securities, $1,713,275; interest-\and dividends receivable, $15,502; total, $1,771,456. $1.68 ; net. earnings—/ $6,854,688 per S.. and been, somewhat ASSETS—Demand deposits, "; " , share.. 6 Mos. End. June 30— Earnings 2,034,103 $1,555,375 1,060,732 : costs, 1948, include $500,000 provided for contingencies in quarter. This provision was later cancelled when the lastin-first-out method of valuing inventories was adopted. 7,215 1,008 $378,308 40,000 surplus paid Railway shares U. The 294,723 International Rys. of Central Capital 2,324,850 Kaiser-Frazer Corp.—To Sell Iron Works— prices in amts. International $1,390,333 $14,769,901 $17,579,888 ' .•Est. $5,765,600 128,737 1,017,069 first Jt. Hudson Bay $3,300,861 64,388 $0.97 surplus nadian $53,732 7,202 1,691 .8,026 1949—7 Mos.—1948 1949—Month—1948 170, p. 305. 'V. 168, p.-1362. $5,607,-913 128,830 64,369 ___ Earnings per com. share v: i\ - $66,432 $71,539. $66,282 17,303 surplus Dividends . capital dividends Period End. July 31— $956,716 per 32,750,945 31,577,739 2,445,342 5,076,980 dividends Balance the 1,818 excess of carry, Corp.—July Sales Decline 31.2% Period End. July 31- Earned 16,496,735 34,491,170 16,086,718 28,806,977 1,225,958 2,511,476 c 2,823,247 i 4,605,736 1,162,425 earnings Preferred ; succeed Frederick L. 1948 1949 $76,422 8,154 . profit William 8ales Net s. depletion— _2____ >___ Common been 17,896,654 13,677,680 1,269,015 2,432,731 $2,882,169 expenses salaries-.^- £(Hd •Taxes which will Sale Agree¬ Credit result'g from sale 494. Howard Stores • and and Deprec. 1949—6 Mos.—1948 $76,180,959 $77,458,919 other the. proposed to Conditional said and Subs.)—Earnings— 1949—3 Mo ;—1948 $38,158,249 $39,933,519 • materials, Wages suc¬ the receipt of after deliver and of Sept. as the to the bids, days ten execute dated sent be opening of L.J sales during -V. —V. Net (& Corp. Period End. June 30— - , ______________ Previous $4,302,971 period income 15,306 170, p. 107. Johns-Manville f Co., 339,588 $4,504,180 .took pfd. to — _ the faxes oh Inc. (estJ Net . $2,351,583 $28,907,575 $25,610,222 1,784,841 22,658,034 19,858,137 -80 income RR. resigned ; Net Other —V. - from that post. Mr. Bissinger will, however, Vice-President In charge of research.—V. 170, p. 494. as Total 1949—12 Mos.—1948 1949—Month—1948 1,964,339 Net i industrial $689,891 and income tOther of $2,654,230 exps. bid,, be counterpart . 1,511,184 930,600 2,322,680 $1,581,319 5,131 Inland Investors, Inc.—Earnings— and operating revenue Oper. Ford who Income electric taxes-.. revenues, executed E. continue : Houston Lighting & Power Co.—Earnings— Period End. June 30— attached after required, his to 1,579,110 1,030,500 2,668,855 1,369,840 — 4,835 Industrial Rayon Corp.—New Secretary- . Oper. be of Agreement, Expenses $606,254 > $0.50 Federal taxes p. 2314. provision for depreciation, bad debts, applicable to minority interests.—V. 169, charges will acceptance 770,430 317,500 1,204,340 556,100 taxes i costs ment.—-V. 170, p. 594. * 1948 1949 — on Mo. o'clock 12 Terminal Iillinois . successful hours 6 Mos. End. June 30— 6 Mos. End. June 30— •Net before the of 11,815,896 1,913,636 808,680 —- income taxes income . Houdaille-Hershey Corp. (& Subs.)—Earnings— Per received within 48 bidder of Assignment ASSETS—Cash in banks, $162,253; United States Treasury obliga¬ tions, at cost, $60,000; marketable securities, at cost, $12,500; accounts receivable, $54,324; inventories, $18,648; investment in Wyoming-Cal¬ ifornia Petroleum Co., capital stock (100% owned at cost), $98,000; oil leases, at cost (less reserve for depiction), $65,777; wells and equipment, at cost (less reserve for depreciation), $405,729; prepaid expenses, $7,694; total, $885,925. be of. acceptance bidder successful tDeficit. 1949 Ward, President, Boulevard, St. Louis 1, must 10,338,820 1,845,160 5,441,745 1,043,878 876,942 Other estimated cost of $283,500. invitation must be -submitted in duplicate, this to directors of at an H.;;W. 12th bid Notice . $0.02 , notice BALANCE SHEET JUNE 30, •25, $54,268- Aug. 31, 1949. on Balance •Earnings per to North board the deprec. of Gross $61,659 Agreement pursuant addressed $15,696* 18,000 $32,232 18,000 profit by 2210. P. 5,714,854 expenses for 'Utility Other eight electric motored PCC passenger • cars, for financing the purchase of such cars by the company from St. Louis Car Co. under a Sale elected be 169, Jersey Central Power & Light Co.—Earnings 1949—6 Mos.—1948 1949—12 Mos.—1948 oper. revenues $11,389,653 $10,359,213 $22,914,685 $20,624,741 Provision of Conditional will meeting.—V. September Maintenance company has invited bids for the lowest interest rate at which bidder will provide the lesser of $226,767 or 80% of the purchase price Holly Development Co.—Earnings— Jlet 1,750 1,750 Total This the 2528. p. 1,750 Period End. June 30— ; 0,160 > Request for Bids— $19,197,793 $18,644,211 $37,855,426 $37,095,300 169, 4,000 Hanna-Kramer Company Boenning & Co Pacific Company, of Calif.__ J. S. Strauss & Co 69.93 $313,61$ to successor its Operating income (The) Hecht Co.—Quarterly Sales Show Gain— —V. 6,500 Noyes & Co company. $630,21$ $365,064 17, Federal •Incl. Sales Hemphill, ^Jaeger, Chairman of the board, announces that due to health, O. G. Mandt has resigned as President, effective 1949, after completion of over 23 years of service to the impaired $917,061 9,134 -277,711 income .Operating ratio Co., Hartford, Conn.—V. 169, p. 1561. severally have below Quail & Co 5,000 Wheelock & Cummins, Inc.- 5,000 v Other $52,078 Sept. due named the respective numbers of shares company set forth below: The Milwaukee Company— 5,000 $6,297,845 4,403,819 ' 814,562 $185,423 Net income debentures underwriters indenture indentures be issued the may 10,250 Sept. 3,764 .Fixed charges 3>/4% 80,000 shs. mortgage 6,500 A. C. Allyn & Co., Inc 6,500 A. G. Becker & Co., Inc 6,500 Central Republic Co. (Inc.)_- 6,500 Glore, Forgan & Co 6,500 Harris, Hall & Co. (Inc.) 6,500 —" 170, p. 494. ; $97,207 - Net ,ry.<oper. Income.; f Payment will be made at The First National Bank of Boston, trustee, 45 Milk Street, Boston, Mass., or at the Hartford National Bank & 30-year first the thereto, C. Langley & Co Operating of under subject to the terms thereof and additional bonds of any series and, Name 1949—6 Mos.—1948 - $1,089,302 774,067 99.924 $300,889 1,774 47,037 on issuable 319,331.1 shs. 1979. 0 1949—Month—1948 Railway, oper. revenues •Railway oper. exps;___ Railway tax accruals * redemption for bonds of — 560,000 shs. —' ; . ______ Jaeger Machine Co.—President Resigns— Sept. 1, next, $105,000 1971, at 100 and interest. called has company - $15) 3,140,000 100.000 shs. $30)___ pref. stock—__ Gebhard Illinois Terminal RR.—Earnings— is Partial Redemption— The 1, (par preferred stock W. been 27/6% bonds, Oct. 3,290,000 The First Boston Corp compared series Power 170, due UNDERWRITERS—The of 2,000,000 series due Jan. agreed to purchase from the said, Illinois 31 statement loans —: debs, cumul. (par unlimited . appointed and interest lor Financing Planned— expected to be filed in the near future with the Securities and Exchange Commission and the financing com¬ pleted in the early fall. Issuance of the new securities is also subject to the approval of the Connecticut Public Utilities Commission; A , Guaranty Trust Co., of New York has also co-registrar and New York paying agent for principal construction costs. pay the recent omis¬ The will vote on approving an authorized icsue of 300,000 shares of preferred stock, par $50, of which it is planned to issue initially 160,000 shares. The net proceeds are to be used to The of $22,584,445 —V. Hartford Electric Light Co.—New explaining current year Illinois Power Co.—Co-Registrar— : of not more than 2,000 cumulative preferred stock for redemption on Dec. 1, share plus accrued dividend of $1.06Vi.—V. 170, p. 594. drawn stockholders dividend. entered the company's bank Tnventorie; (M. A.) Hanna Co.—Partial Redemption— There .-The 2103. p. letter to a common company $9,550,000 series due Oct. —— stock series supplemental with unu ually large inven¬ tories," Mr. Simon stated. "Prices were trending lower. As a result prices were cut and losses taken. A substant.al portion of the inven¬ tory was sold in the first half of this year." $539,572 Net pref. •The is fund —: —— stock Com. may Outstanding mo,ooo.ooo •2,000,000 bonds 3y4% sinking Cumul. Foods, Inc.—Cites Inventory Losses— Chairman, said in 352,000 358,000 215,000 179,000 con¬ $2,900,000. 1978 1975 106. p. for reimburse to made. The com¬ at approximately Authorized corporation's inventory losses for the fiscal year ending Nov. 30, be greater than was generally anticipated, Norton Simon, 1949, Fed. & taxes income Hunt 6,225 inc. beiore 170, around at 1975 — First mtge. .bonds 3%% 5V2% $1,798,889 879,070 & exp., Other inc. Prov. $1,785,045 425,776 Selling, adv. & atim. ex. Profit $1,007,968 $878,523 —_— adjustment income bonds.—V. on 1949—6 Mos.—1948 1049—3 Mos.—1948 Period End. June 30— 1950 i, 4% Hamilton Watch for and 7 CAPITALIZATION AFTER GIVING EFFECT TO PRESENT FINANCING First mtge. Gross incurred used construction expenditures already estimates" construction expenditures for 1949 for company $4,814,361 Operating income Nonoperating income ratio of quick assets to quick liabilities to 2.5 v (691) program and payment of $1,143,780 of bank loans struction purposes. The- balance of proceeds will be 1949—6 Mos.—1948 $8.86 ■ p'v, '■'/ ' CHRONICLE RR.—Earnings— 1949—Month—1948 oper.vrevenue sheet showed a End. June 30— 1947 * $618,975 balance The to share Period 1948 $523,597 first half if 1949 were 15y2% the period ing o & all other res._ outstanding common Sales for . 1949 $165,458 134,010 30— 6 Months Ended June s Net FINANCIAL & subsidiaries-- $0.15 NOTE—Prov. for deprec. & depl. & equip, of prop. amt. to pit. « THE (692) hand on United and States Trade June 30, *49 $1,0784205 — _______ Treasury Bonds...— account;, receivable (net) & notes deposit on Dec. 31, '48 $718,105 325,843 1,047,089 1,075,211 171,471 5,597,439 " ASSETS— Cash Inventories Investments and other (net)—— assets Deferred Years End. June 30— Interest 75,062 906,716 Cash 999,284 Other 05,317 Accounts payable misc. Capital stock Earned surplus (308,952 shrs. 432,749 7,723,800 7,723,800 par)——— no V, There 306. 170. p. ' July 31- The €99 ^ company July 31, on year before.—V. a $2.36 $3,422,995 net realized profit on investment In and $10,129,593 in 1947. OF AS CLOSE OF JUNE 30, BUSINESS, in banks, other realized net 169, 2529. p. F. ordinate tions, Watermulder the this in and activities been of Director the of supervise Personnel co¬ Rela¬ Period End. June Sales stores in operation, compared & & Period End. June 30— Of income Net income before $153,273 the World various 199,889 58,581 Total 321,161 647,88$ $94,692 $943,118 income 41,103 60,276 $384,228 $119,464 for stockholders 2,324,515 1,010,847 $3,692,914 $8,822,182 125,284 229.564 264,055 net $554,345 $984,221 Net 17,302 income Earnings $366 926 share.... per •In respect and of prior pensions service to contributions to 169, Canadian according Co., to President. The in will Calgary have radioactivity well Canadian 301,450 Higcs. are Jas. Rodney D. other Durkee, C. F. W. taries Lsne-Wells provides A. Manager, the United of .It Assistant Sales Co. Slates services Miller is and C. L. F. services 50 through Injgle, H. Ludwig, In in in sales Net profit •Earns, after principal oil to taxes__ fields Despite Tradesmens National 2, Pa., 101 U and interest, of .Dehteh & New Bank will proposals for the sale to it, '*UL^0V* lf 1975' 2,311,056 $2.76 $2.47 as England of as —V. p. 370, 495. trustee, 1530 Walnut Sept. 16, receive sealed *; of Oct. 10 the as v 5170, the for asset in iSOth annual * report of Robert to the stockholders. dividend of $2.95 Started Sept. 24, 1929, closed-end investment value Other xy. Eastern - " I - Net " —V. the revenues of company the business. d*scloses that the Jftory. In the A special ration, in largest this similar any oeriod in the largest A ju~t income cut sLiat a stocbkolder who ^ corporation when it paid was $104 for one share of which of $129.90 meantime, paid from and has the profits realized a on June market received a Stockholders of 31, 1929 to 13,732 30, 1949 had of $132.00. total of $121.40 corporation's on on of Lumbermens 1919, and with of net ordinary a total This net dividends. income and asset $53.74 have 1949, increased from the report reveals. on earnings input of subsidiaries 1949—12 Mos.—1943 $2,464,173 $33,424,675 $28,042,388 SEC authorization September, more borrow to and October than 2% $825,000 November, interest. until persons Aug. 25th to request 12,960 in the •Net 0rl66,O61y 156,329 Net a _ of on Drl90,ll6 ./ 184,324 $1,427,269 of 104,224,, 639,937. ' .. . $1,614,871 38,291 30,751 395,005 339,823 153 261 2,675 3,598 12,552 535 77,186 41,445 $117,227 $82,734 $1,289,547 $1,320,087 7,704 7,704 92,455 S3,813 $75,029 $1,197,091 $1,226,273 He in the Vernon retired was p. (Cr) pfd. Seattle State of also is and • $1,173,200 of Marine 25 ; * • from active Vice-President and 1453. a after member 23 •• with years the of board of / f , 7, 1949 100,327 the realized V $2,324,900 98,886 94,308 90,595 83,451 77,569 $2,723,803 period in loss 1948 on and sale of $2,445,181 $2,153,025 2,488.514 investments of net loss realized on 2,232,137 $496,153 sale of 99,o50 1,716,448 1,629,292 150,033 95,639 1.471,337 1,106,276 110,000 95,417 1,305,215 1,037,085 8,767,869 limited-term 17,815 $177,311 $3,090,711 — $2,571,272 1,420 1,731 5,4ia $177,366 $3,092,442 $2,576,690 92,151 other 55 $195,510 income and 17,815 $194,090 revenues 95,211 de- (net) $103,359 applicable to preferred 841,955 892,137 $2,250,487 $82,155 • $1,684,553 • stock 266,856 266,856 $1,983,631 - Missouri Illinois Gross $1,417,597 property retirement reserve appropriations. as :r.;: .r•■•/, RR.—Earnings— / in 1949, investments : 1949 from railway. from railway______ ry. oper. income 1948 > 1947 " 1946 $347,130 117,216 $465,269 $325,348 $278,852 226,863 125,303 97,950 72,100 129,030 2,136,779 815,531 2,327,803 ' /■ 53,764 46,13a 1,956,751 1,584,107 From Jan. 1— from Net ry. railway railway^. from Net —V. oper. income « 1,035.025 478,025 865,761 * 535,505 , 575,437 423,209 ■ "272,293 170, p. 8. Missouri Pacific RR.—Reorganization Plan ^Approved by ICC—Preferred Stockholders to Participate— Interstate Commerce reorganization for 931,952 for the system, Those mision of desiring within due The 1947 . $2,627,518 . 9,826,944 144.687 •Previously designated 170, p. 8. ' ? which 1948 $15,111,794 688,869 -V. of service 1949—12 Mw.—1948 $1,156,936 $17,428,470 769,808 income Gross banking offices Washington. The First a subsidiary of Marine • 1949—Month—1948 $1,386,433 revenues Income Dividends Net 4 - 1947 $1,126,986-/ $1,234,153 principal subsidiary in expenses 10 plan was Appeals plan the 60 days will this modification days from later. then Eighth latter had Commission the of Aug. 2 a Circuit approved in 2 approved capitalization of plan a $611,- 12. must petition the Comreplies to those petitions will plan and to the Federal September, 1947, in for the Aug. on with go directed $559,890,000. The Commission company, it was announced on Aug. to District the by return 1944 ' to with Court at St. Louis, U. S. Circuit Court the a Commission capitalization the of \ held the MOP common stock to be of no value, but said the preferred stockholders, "in view of the amount of their claim," are entitled to all the equity 4n the reorganized again remaining after satisfaction of creditors' claims. In the plan, the Commission found the preferred not to have any value, the common and preferred stockholders took the plan into company 1944 and both Court. provision has been a stock '• Net 1648 $2,914,725 for (Cr) expenses ductions 622,798 $786,44? ,v 1949 offices 5 Mount 169, as $1,604,690 debt_ June— $787,332S y.iyy- - Commerce, has has $77,678 in 1947. files 760,825 $112,687 $1,409,245 2.767,110 NOTE—No 110,796 2422. oper. Net 67,929 - gain of $273,901 Company 822,326 853,415 disct., expense of Interest .' $1,341,316 $196,074 Dividends net (1.040,068 \ investments 10,586,895 1,294,37s 67,200- ' communities income 127,653 $142,813 taxes Amort, $13,597,029 9,685,902 1,658,457 . $1,360,069. ; 105,959.. _ •Before 110,796 158,637 taxes Gross $300,298 - $110,494 y/'yu Bank and 603,500 9,233 $109,522 & 169, p. Other first $285,713 ' 14,585 . 14,402 $4,535 now Saberson fees 3,579,150 695,500 taxe debt of Federal a branch will be opened at Northgate, the suburban development north of Seattle, on Aug. 1.—V. 168, p.-1904. L. $7,584,053 3,542,926 53,416 acquis. Period End. May 31— 1949—6 Mos.—1948 Dr30,093 $96,092 ■/; National Bank $7,754,806 331.230 62,500 of opera¬ year $2,295,695 $13,026,818 —. other 1949—12 Mos.—1948 $634,221 9,233 plant long-term Operating Operating year with new Other it Dec of 293,624 income Other Compensation of trust, and adv. bd. from 4,614 — agent Mississippi Power & Light Co.—Earnings— Earnings Lower— 25,428 (Dr) current $16,541,470 169,419 3 Months (Ended June 30— of corporation June 30, —V. Mutual compare the first .1,797,510 etc.— 170, p. 206. Income the of System 1949—Month—1943 . Balance the Massachusetts Investors Trust—Earnings— - . value in $67.66 transfer 1152. kwh., an increase of 11,corresponding week of last year. during depreciation.^ Other deductions be capital stock shareholder, in vote This 88.337.000 the interested •Depreciation the and 1949—Month—1948 _____ directors.—V. investments. the in 1,518,770 _______ this corporation. originally value given income on The issued, Sept. 24, 1929, and, kept ills investment continuously since then, now holds three shares of w sales Masonite Corp.—Official Retires— E. was of the report discloses that the corpo¬ began operations with a paid-in capital of $100,000,000 has disbursed quarterly dividends without interruption since 1930 in the total amount of $81,639,172. The report points to requested banks taxes prem. excluding corresponding section which a $666,807 inccme Amort, type year was 1229, June, Int. 1335. Bancorporation. • corporation's year ended June 30, 1948, net ordinary historical General After the in premium 117,129 Or22,949 interest, National and management net ordinary income for the fiscal of 2.4% the first half Haviland said, p. ' income The , *.^^0 54.586,763. 22.1%. of (American) as $1,734,470 — income, oper. income serving pay- year to last Janu¬ v^.777 of Federal one week ended Aug. 13, 1949, with 43,166,000 kwh. for the increased Department, rents Bancorporation, the compared with fiscal which on Net 1949 in share, after 1949, preceding date 30, put Bank $10,000,000. appointed 166, p. the 1949, 11, over adjustments The equals peso Marine Bancorporation (& Subs.)—Earnings-^ Share— June been 1949—Month—1948 expenses for Amort, the for income 1948.—V. 169, income Gross ■ announced per June 25, on of the per on President, This share a on Diwllicfl corporation Lehman, «°,n,f!nc 30, 1943, the close $33.33/3 with acquisition. Cuban $60,158,341 . share per $43.30. of time one production, state premium facility rents Net ex¬ 1949—Month—1948 ,1949—6 Mos.—1948 . value to of decrease a industrial .*6 Months Ended June 30— iNet has Balance Corp.—July Sales 15.4%— Lower— (The) Lehman Corp.—Asset Value $43.30 Amounteo Aug. revenue Prov. this company and affiliated companies rose $20,174,183 for the six months ended June 30, Vice-President and Eastern Manager, announced Taxes Joint date for $9,125,212 $50,792,168 $60,265,860 SEC Net Period End. June 30— Operating ' 306. p. year, premium sales for records, Mr. $50,000 Rentals, —-V. the at par compared as Operating expenses i* v Lerner Stores the Maine Central RR.—June plan. -• The bondholders are being exchange in advance of that date. bonds for Period End. Ju'y 31— assets at previous Equipment forward has Milwaukee Operating American company York New six months of Lehigh Valley RR.—Oct. 10 Exchange Date—■ to be of of of Haviland, in all total 1, 1949, at prices not exceeding mortgage bonds, 3% series B, purchase, whether offered by the by others.—V. 170, p. 495. or will loan hearing. Gross Casualty Co. Co., p.m., fTbe company, it is stated, expects to set change of bonds under its adjustment not fixed utilities, local sales total T. J. broke Oct. will Co. Trust 3 it The World 169, p. 2421. decreased a Insurance V first many RR. & . requested of figured are Department to operates 306. p. has value.—V. amounted 15%, Period End. June 30— $3.11 . 15. The Department, which celebrated its 30th anniversary week, includes the states of Pennsylvania, New York, New Jersey, Delaware, Maryland, Virginia and North Carolina. The company 2,080,043 $2.21A;' until $95-°49 as $4.46 Aug. tion -Philadelphia South *2,951,521 $4,226,877 last Lehigh & New England RR.—Tenders Sought—The value other Eastern 1947 •After deduction of preferred dividends paid.—V. 170, ~-V.. 170, p. 495. St., par its promissory notes at not Dividends $25,717,417 $19,161,405 1,860,039 that interim an 425,000 Lumbermens Mutual Casualty Co.—Marks 30th Anni¬ versary With 21.9% Sales Gain— 1949, 1948 $21,441,192 __ stock.... com. The period.—V. 170, p. 595. on 1949 __ estimated share of per 412,474 Coast operations. (James) Lees & Sons Co.—Earnings— _______ the of output of this totaled 33,625,000 kwh., corresponding week last its Six Months Ended June 30— sales ' 250,000 results results 21.9% Net 528,817 a Electric Secre¬ Gulf of with Bank $1 ended company on Gross affiliate, Petro-Tech Service Co., Venezuela.—V, 170, p. 7. in 236,385 due Proceeds of loan, together with $175,000 to be borrowed during August, would be used to finance coal purchases and maintain work¬ ing capital through the first quarter of 1950. Louisville Gas & Electric Co. (Ky.)—Weekly Output— principal Assistant formerly charge branches week two ex¬ rates U. S. dollar.—V. _ N. L. Dorn, Morton T. Vine-Presidents; D. S. Jeppson, Vice-President maintains and foreign dollar Cuban President; Treasurers. and The Lane-Wells Ludwig, Secretary-Treasurer; Division the on in Edmonton, and a sales i facilities in gun perforating, maintain and S. Hughes. in After security holders. S2.049.C24 1949, 278,903 " subsidiary companies in¬ cluded above are figured at the average exchange rates but subject to the special provision shown above. Depreciation and depletion is based fields. oil Officers logging 499,184 to mort¬ 5s, Milwaukee Solvay Coke Co.—Seeks Bank Loans— headquarters will and 173,377 Co. Mississippi Power Co.—Earnings— Durkee, ,1: unit new office National stock, corporation from (do¬ foreign)__ charges (includ. NOTE—The S. 288,699 Light 170, p. 108. The profit $2,640,159 $2,0^7,785 profit per share— ' $2.78 $2.15 •Based on 948,597 shareg'outstanding. > Rodney 1,509,748 Net Entry of this company into the Canadian oil fields on a major scale revealed on Aug. 18 with the formation of a wholly-owned sub¬ Lane-Wells 2,206,981 •Net was sidiary, 990,180 surta*. and cline Lane-Wells Co.—Enters Canadian Oil Fields— 1 674,835 1,352,356 $6,306,000 of first Electric un¬ due are 400. p. kwh., or 170, p. 595. —V. income normal change 2105, 1,164,887 which Miller-Wohl Co., Inc.—July Sales Off 16.8%— for doubt, accts. $0.71 Employees' Retirement outside plan, less at¬ p. 380,471 the Mexican approval. of Period End. July 31— Special prov. against de¬ $528,986 $1.26 v:a, retired taxes.—V. the —V. $5,827,481 contingencies) / employees Income $942,494 •'/ $0.15 $9,051,746 643,667 prov. 25,409 41,727 $110,460 , paid tributable reduction in V/' : 9,004 $0.49 • ; . Plan . $3,818,198 include of two of World maturity (other taxes and Misc. ■V"' subsidiary , $5,476,331 and of Chase this $5,563,426 118,224 bonds, the by the long-term loan of $26,000,000.—"Wail Street 170, 569,000 925,615 $5,358,107 mortgage of is It program. extension an sources. the Middle South Utilities, Inc.—Weekly Input— 2,208,898 505,563 Other inoame taxes mestic in 1,163,574 510,801 income) Federal Equity of minority income refunded common For 1,190,192 expansion for from structure Michaels Brothers, Brooklyn, N. Y.—Transfer Agent 15,378,280 exp. income than $494,069 24,772 Prov. tax Net for company Sales 20,085 res._ be The depletion., profit first expected capital company's $26,000,000 loan and is company according to reliable the provide These Issues groups the Journal."—V. ■-> $364,143 from admin, will $2,755,100 Bank provided would of Miscellaneous Income... $815,230 $1,591,004 V. : profit •Transferred and Operating $564,032 . state, & forIncome taxes Net & Deprec. 1949—6 Mos.—1948 the 729. p. rank on equal terms with the three first mortgage recapitalization plan, which is being drawn up by First acting in an advisory capacity, will soon be submitted the the 16,984,730 was York, 164, will The „ 9,119,463 9,432,243 vacancy New Corp., $4,927,913 $10,428,265 $10,888,580 in- taxes Federal, reign Selling 19*9—3 Mos.—1949 products..$4,552,067 > sold been loan $16,491,343 $14,481,514 $29,142,274 $24,076,219 shipping costs of purchased cost long-term 1949—6 Mos.—1948 1949—3 Mos.—1948 - Mfg. Lambert Co.—Earnings— 30— of 7 Corp., have and $1,977,132 of Pachtrcha Light & Power Co. first mortgage due 1967. Under the proposed recapitaliaztion plan, the World ary Lone Star Cement Corp.—Earnings— DM9—Month—1848 1949—7 Mos.—1948 $11,605,214 $12,927,770 $83,580,348 $82,679,609 Aircraft Co., One Templeton weexs, construction of 1950, to and Public and directors. M. strengthen a plan February. due of Administrativer Vice- will post The Treasurer, and the Secretary and General Counsel. Watermulder, for the past seven years Treasurer of the Quaker Co., Chicago, will begin his new duties Sept. 20.—V. 170, p. 495. cement Sales In its the issues issues. appoinied created of John five or to for finance that three 5s, 1950, Cambridge, Mass.—New Official has board of Vultee Aircraft Solar bonds • newly of Bank investments and special dividends paid, net ordinary income, $4,987,826; total, 011 Lever Brothers Co., Louis President $144,816,646 Mr. The company on July 31, 1049 had 253 with 247 a year before.—V. 170, p. 306. to of four designed qualify can date (6. H.) Kress & Co.—July Sales Declined 10.2%— - it so Bank stock ($1 par value), $1,547,077; capital less—300 shares held In treasury (at cost), Dr$9,- profit Menasco's resignation public in is Boston 170, p. 308. -Period End. July 31— made plan derstood undistributed of the Consolidated of director a long-awaited recapitalization plan for this be The capital surplus, $80,712,982; Leigh, members by director a T, Mexican Light & Power Co., Ltd.—Plan Near— to $65,632,128. $104,921; $24,103,718 having been unfilled during the past two years.—V. 1943, 1949 dividends $1,863,883; $4,218,137 $23,607,883 Manufacturing Co.—Two New Directors— Laddon, created $i.38 mature taxes, Oats Bales M. Charles elected 1,946,777 y 1948 SHEET total, 799; had 701 stores in operation, against 1949 Menasco I. and 1,940,7771,946,777 $1.93 $1.74 1,946,777 ___ of 7 1949—6 Mos.—1948 170, p. 306. *1 share per Z)r$22,247,757; j $20,724,769 $21,422,918 $145,950,031 2,628,149 ' - 4,341,313 1949—Month—1948 $4,055,601 —V. gage 1949—7 Mos.—1943 1949—Month—1948 - - 2,993,037 -v' s ord. outstdg. $65,632,128.—V. Period End. $2,692,004 Co.—July Sales Decreased 3.8%— Period End. July 31— and (S. S.) Kresge Co.—July Sales Decreased 3.2%— Sale.; $3,399,905 1670. p. Sales LIABILITIES—Payable for securities purchased, $20,299; notes pay¬ able for securities purchased, $116,579; reserve for accrued expenses 1949—1948 • 169, The operation in July, 1949, against 309 a year stores in 304 were ago.—V. 481,C38 $3,762,392 : 3,815,633 par McLellan Stores receivable and in¬ terest accrued, $544,715; U. S. Government obligations (at average cost), $12,751,072; other securities (at average cost), $49,114,974; miscellaneous investments and advances, $1,357,483; real estate invest¬ $2,381,000 $17,530,000 $17,050,000 82,194,000 — 494,791 at working —V. 23,140 $4,588,763 on Aug. 12 filed a letter of notification with the SEC shares of 5J/2% series first preferred stock to be ($100 per share), the net proceeds to be used for capital. Underwriter; Roy E. Hawk & Co., Athens, Ohio. 2,000 offered 60,845 460,025 ASSETS—Cash Declined 7.8%— 1949—Monih—1948 July 31— 23,551 66,004 448,471 income stk. par) ment, _ 25,081 70,711 __ BALANCE secondary distribution on Aug. 10 of 10,000 shares of common stock (par $5) at $43.62Vz per share (net) through Dean Witter & Co. was heavily oversubscribed.—V. 170, p. 595. Period End. $3,236,014 72,420 net $3,069,942 in Tbe Sales $3,937,931 39,712 from cap. (no $9,532,291 Co.—Offering Oversubscribed— (G. R.) Kinney Co., Inc.—July Sales $4,339,822 exps •Exclusive U, V;,' 'VrV'V-:->V Kern County Land 98,008 Co.—Files With SEC— The company covering 45,222 fcxps._ ordinary Earns, $9,438,955 ——- 169, p. 1885. 103,499 $5,195,686 - oper. Slirs. 998,399 1,207,666 Total 236,274 1946 stock & cap. income • —V. 273,250 etc., Divids. 45,849 179,901 income on 3,546,241 54,733 2,879,378 386,940 3,707,612 113,715 taxes •Net 331,493 80,118 taxes $213,407 in secur. trans., Other $9,532,291 247,469 ————— taxes Federal 1947 $228,458 4,282,277 income Franchise, LIABILITIES— Accrued McBee >J. 1948 $253,221 income Total 119,438 $9,438.955 ——— Monday, August 22, 1949 ACCOUNT 1949 dividend Reg. — INCOME CHRONICLE $253,219 earned Taxable divids. 5,703,067 440,980 charges Total FINANCIAL 209,536 438,478 Pioperty, plant and equipment (net)-—* Investments in and advances to subs,- & COMPARATIVE SHEET BALANCE COMPARATIVE COMMERCIAL "remilateri made for lnvestinerih Federal .r>nm..anv income ,UV taxes Ifio n since The capital structure of the reorganized company will consist of $21,174,665 equipment obligations (undisturbed), $207,435,699 of first Volume and $83,409,899, would bonds, 4% mortgage be Number 4831 170 divided C, series of $143,594,632 of series A 4Vi % bonds, income $100, class jnto be be 834,447 A, class B dividend, $40,615,900, total " " consist fixed ,* of series interest shares shares of no-par entitled and to Commission 1944 plan fixed-interest said The $7,271,990 from to * creditors Senior their will claims. receive allotted over face in $35,453,866, sum, MOP first and refunding mortgage bondholders. of the system will receive cash and/or new securities principal of their claims and unpaid interest to Jan. The exceptions are holders of International-Great Northern 1948.- reorganization, will receive their A of New of class of A \ new general (at $100 common mortgage of that date Jan. their Judge H. G. the, bonds and ; balance reorganization of On 157, 996. p. .... to International of made was ^> V nine Louis, ■ from put sale this month.—V. 179, p. July 595. - 15 and ' . Rand,, President,, cn sidiary, Aug. 1949. is tralian of Council in the State of Victoria for to Noting since the These: adopted, by were the shareholders. permits This the it will t 0.34%; that '' cu, i ft/ employment had that- the .The declined extra no employes aroqpd the-clock of because the Central's be in in'a expenses v Period End. July 31— 1949—Mont!: -1948 Sales——" $77,005,376 $97,832,706 108 and 307.- 7,7' 7' y *-'.*• o* however, // * and charges 'After after preferred taxes. tBaSed dividends,—V. 169, 7 6 Months Ended July 2— company sale Telephone Public ' refund to I- Earned Sales for V. earlier -V. $3,323,000 increase over bit Aug. *17 new of Purchases tributors for on 15 Aug. Mptorob/s » The p. 595. by of sets a dNct ' television 1950 sets authorized ' • *" •" " • ' ' ' ; Jurie 30— section 170,j National Fuel Gas Co.—Dissolves Subsidiary— ' Sche¬ SEC 10,420,189-' share.. loan $0.79 during to the $0.68 reduce $16,000,000, the amount Mr. of Earle reducing Machold, J. the out-' President, The corporation- about to the cor¬ paid on was 1949, $40,000,000 in 1945. outstanding $1.09 $1.26 of $4,000,000 first half $12,000,000 of electricity during the first six of months by totaled* 1949 „ •' * .. 1. • . - - ' ... •« u ^ Ended— t: June 30/47 $454,913 sharp—...,.. per July 3/48 $467,816 593;750 593,750 $613,532 296,875 $0.77 $0.79 t$1.04 July 2/49 shares. and .... ... t Ad justed charges. to reflect stock split in* 2-for-l 1947. Earnings from Jan. 1, 1949 to July 2, 1949 amounted to $956,981? $1,62 per share. In the corresponding period a year ago net profit was $1,069,832 or $1.80 per share.-r-V. 168, pp. 2327, 2435. Norfolk Western & oper. Ry. Co—Earnings1949—8 Mos.—1948 1949—Month—1948 ■* $85,073,448 $88;625,004 62,668,628 60,583,98$ $13,389,293 $17,621,362 10,357,751 11,032,478 $3,031,542 expenses..... $6,588,884 $23,204,820 $28,041,015 * Net ry; oper, revenues Ry„ tax accruals....... ' 1,908,707 * 3,512,597 16;257,197 13,291,394 $9,913,426 $11,783,81s Ur795,658 Crl,339,629 Cr4,559,241 Cr6,263,411 7>rl4,612 - Dr20,621 Dr92,248 Dr97,640 $1,122,835 facility rents'(net) Net , $3,076,286 Interest Net 288,201 - • - 152,989 $1,821,569 fund", reserve > 101.924 65,000" * 625,845 573,503 390,000 96,918 166,666 1,000,000 income—/ $1,654,645 $4,116,794 $13,217,161 $16,302,953 !09. :.y■' 170, p. $10 Los value par Consolidated—Listing of Stock;— capital/ stock Angeles, §tock Exchange has admitted been 15.—V. Aug. on Northern Engineering Works, Detroit, r"" / EARNINGS FOR SIX MONTHS ENDED to 168, 42,330^ share.-r-V. the 167, fiscal ended year Oct, 31, on Mich.—Earnings APRIL 1949' 30, (approximately) ll— Profits/after all charges and Fed., inc. taxes—— Earns; per Share on 149,352 shares outstanding... "Net earnings"for dealing 1585v p. Sales 439,093- $17,876,^58 '$4,380,377 $14,233,005 . North American Oil the 108,745. 111,720 debt 1___" 894,396 773,138 142,162 - $4,537,456 $15,153,556 $18,843,976 157,079 920,551 967,520 Balance of —V. $1,847,779 $2,547,390 69,783 ' funded on $4,395,294 $14,380,418 $17,949,580 , $1,974,558 income ' *^67,799 : ..1 —appropriations/,; Misc.-appropriations ' $1,903,881 70,677 Total income $1,671,235- 138,809. incoineJ oper. Sinking & 1947 " 57,660 309,021.. . ry. income Other ". ^ $2,449,065 "capital on '* " $1,350,000 v • 160,000 •» $1.07 / r'; 1948.equalled.$2:16 944. p. as $2,147,469 $1,366,350, Crl40,105"Crl,039,583 ets /..•; Cr271,798 134,-702 159.080 .. 232,000 The . 4" tax- nrofi't'' for. period-1—r —V. for 153660 "410,000 169/ p. 806.* - ./ Niagara Holders—r-*-.? Securities tentative . its , three New * $1,483,148 1.063,290. 1,329,112 $1,238,864 - . share The 231 and- Corp.—SEC Tentatively Ap¬ Plan—No Participation to Warrant •..* y." Exchange Commission •'on • > - 7 / Aug/16 ^ tion, after company? be consolidated which / - Niagara *• Commission - • into an Hudson unnamed would * •• §aid-final new : ^ announced as a * /'minor changes" proposals and liquidation plans advanced bv the oarent. approval hinges, on Continental So. La of the held National Illinois Salle Street, shares the right subscribe" at to common stock warrants record of Bank Chicago 90, 111,, common subscription PURPOSE—The construction net program as to & Trust not be of Co. subscription is are are proceeds in which estimates that its 1950 and will require of - purchased Chicago, agent; subscribed for . * througlv the under¬ by 1951 which, $7,090,000 will the be applied company construction- to is the cost of engaged.' The for the aggregate 'expenditures of program the. com¬ 1949,^ $46^00QrOOO, ' / years expended to June 30, 1949. required to carry out this program present cash resources. Depreciation accruals and undistributed earnings over- the period will provide an estimated' $10,500,000.. Approximately $4,642,086 will be provided* from the pro¬ ceeds of the sale of the additional shares of common stock, and the ; was , About $11,530,000 of the funds Will holding- , offered are shares seven pany operating, corpora¬ dissolved be *.* each writers. approval of plans to dissolve this cornorafion and to merge major subsidiaries, Buffalo Niagara Electric Corp., CentralPower Corp. -and New York Power & Light Corp. These would for. ejcercise of Power .... shareholders common- •'' : • Co.—Rights— stock at the rate of Aug. 11/ 1949.. /The right to subscribe for shares will be evidenced by transferable sub¬ scription warrants exercisable only as to full shares. Rights eXpire on Aug. 29; 1949. / "" r ,. r $419,358 York units : Hudson Dissolution proves * -r $,15,375 per. share, for 311,654 shares of ' "7 " 1,594,935 $627,533 ...* ' * $2,617,977" $2,222,468 paid__'i__j_:, periods. -« • . Northern Indiana Public Service foreign be provided out of r has.'granted, an- exemption from certain of its rules under ill.the merger trie/ Holding Company Act to National Fuel Gas Co, and Hanover Gas.-1 A sDOkesman for ; the SEC predicted "Tittle of. no difficulty" in Corp. for the dissolution of the latter company and the distribution of, reaching agreement on the proposed modifications, its. assets,-in the form of a'.liquidating dividend,' to the former. { '•'•■..The principal .'objection of the SEC to the plan wa$ in connection '^Hanover's remaining assets, -after the payment of .current liabilities, with distribution; of class A common stock .in the proposed new com¬ consist /solely; of cash add government securities.—V, 169, p. £.754. * pany to holders' of Niagara Hudson's new outstanding first and second /■ The 2,424,025 12,046,166 ' Joint : • $2,827,869 at source dividends The . 2,424,025 6,564,262 profit. I The 272,741 dividends The * / 1,212,013 7,575,147 of this year.. October, VAU r \ 1,212,013 Ry. bperating income. Equipment rents :.<net). National of 1949 "" 1948 $2,495,263' $2,330,921 * : salft. of rm Surplus company's dis-* ' ' /' .'J ' qr Ry. • rose 115% over the period last year.—V. 170,-,; "J-',.*/., on period End. June 30— this Corp.—Earnings— expenses withheld Net purchased same 12,844,214 The loan "was originally After taxes ; 1949—7 MOs.—1948 59.865" profit Cash Stellner, purchased during the 2,876,020 14,470,191 Corp.. ■ one Vice-President in charge of mervv.- * /•' / • Walter- H. number' of - by the 2,876,020 7,776,275 4 . Provision for Federal income August and September delivery were up 103% over pur¬ in the same period last year, it. was announced chandising. number television line 1950 1,438,010 8,787,160 Number-of capital ■. : , " delivery chases. for 1,438,010 5,817,810: 15,7.20,234 pfd, oper. .revenues....*, of Bank of America service- in provides Balance radio receivers., 17,346,211 ' . > 9,214,285 ,r per " Television Sales Up 103%— : 21,538,044 5,865,804 affected.* - th. t television and 23,212,015 2,749,566 ; ♦ Exploration Pres./ said of 11,963,851 .3,143,920 cos.__ principal Quarters esti¬ issue of equal-amount,—V. for services.ff^-ii-fw—*-—- Fees Taxes line 13,369,090 Noblitt^Sparks Industries, Inc.—Earnings— . $9,324,606 $10,705,290 $36,259,548 $65,152,975' Net its. hew "1950 21,552,232 Drl4,188 ; L received a 1943—Month--ll348"- July 31—' ; 6 Months Ended Dividends that the figures 'amply supported" his: Motorola's level of business would probably 1 the 1948 level. He noted that the high sales volume was, of support Dr8,372 factured gas were 5,333,019,900 cubic feet, compared with 5,666,039,000 cubic feet.—V. 169, p. 2422.• equipment .trust certificates. The from the Reconstruction Fi-- of be company 170, p. .307. Interest and particularly, gratifying .at this time/ with Motorola set to launch the greatest sales and merchandising campaign in the company's history ip 1 Commission/ Newmont Mining $33,822,368 $26,918,540 1,650,040 * .. $2;06 the, 6 months set a peacetime record. Galvin, 23,220,387 Dr44,920 ^ Stpcks, Inc.—Transfer Agency Discontinued Mariaville' Period End. ___________4-_.-—$2.39 prediction 12,008,771 Dr48,476 kwh.* compared with 6,055,036,088 kwh. for the similar 1948.,. Sales of natural gas for the first six months totaled; 36,430,014 therms, compared with 36,545,379 therms; and sales of manu¬ ''r'-r (J. J.) Newberry €0.—July Sales Off 12.9%— ■ r___—1,908,256 ... share per 18,739,375 period of this,company of the Mariaville. & South Schenectady system was approved on Aug. ^12 by the New York' The purchase price will be $5,300. " I Co. Service The " 1948 9,445,668 19,649,428 LOAN REDUCED—A total Sales- an . r Total income Expenses and "taxes: ' 9,665,227 9,695,611 -1—_ on Power 5,908,943,974 nectady County. Its territory adjoins the Schenectady and Amster*-;-: dam'exchahges of the purchasing firm.—V. 170, p. S96. T " 1948 1949 5,388,457 13,417,566 —_ sub. to Dec. 31 New York Telephone Co.—Acquisition Approved— ' .y • '/v v" $ $ & The - v.i capitalization 1949—12 Mos.—1948 1948 6,271,883 _ _ requirem'ts reported. annually, public will be little the It it* announced that the appointment ; 7/ ^ 1993. »• gales Net earnings P. present on ACCOUNT $ 6,241,914 _ per com. expects Savings. Association, Los Angeles, Cailf, as transfer agent for the $1 par special stock, all series; has been terminated.—V. 170, p. 586.;, '■-* Inc.—Earnings— Motorola. p. - /. date of effective the on 10,260,414 income standing position to "say definitely— millions of dollars by Commission Commerce this-purpose 'Will New York s Trust *1947" Net sales TZ————^—7.—— $12,905,529 $14,396,776 $12,713,636" °Net profit 7-311,972 684,780 774.554; 1"Earned per common share—1—-• $0.55',' $1.29 -, $1.47 1949 - . 1. option fully is 10,225,170 income of BANK Ontario & Western RR.—-To Refund Loans Sales 6 Months Ended June 30 July this ' change Moore-Handley Hardware Co., Inc.—Earnings— last indebtedness 69,920,259 139,443,902 134,102,572 63,814,026 61,374,852 31,291,097 10,756,131 11,413,629 5,425,417 12,234,314? 11,681,205 6,110,906 5,626,433 __ taxes '—I:— poration's bank * ' Corp,,: who will purchase 496. ' , P. 1949—6 Mos.—rl948 $526,623,193 $605,866,092 .77:7^*'. INCOME 29,384,882 - require, Earns, $300,000,000 ; 49G. to for funds cease 1949—6 MOS. Balance business Commission some < and large, By interstate company of as exercising the pfd. stocks of Niagara operation.". lessened Commrce would cost is one. pance Montgomery Ward & Co., Inc.—July Sales Off 21.3%— —V. 170, p. will 71,203,092 ___ — inc. inoome Earned cost—arid the p. share a not able be Hudson $16,000,000 back Hudson's after stock, new will effect his Niagara : deductions Dividend ■ additional the "Interstate estimate, month increase 170, in the warrants : stocks v . >• in Balance DiVr of the new work week would $450,000,000 a year, largely because, necessity of hiring many is essentially a 365-day, New York , - - stock desiring his for 1950. the income Gross I adoption adidtional an board's quirements. its preferred or common stock on. .the stockexchange if at anytime it may choose to do so. ^ Monsanto' Chemical Ltd. (the British company) and Monsanto Chemical Co... together hold approximately 94% of the common stock of the Australian company which has its headquarters at Mel-, bourne.—V. 170, p. 595. ''''7" 77 ."/ : in revenues Can-, Income year a To help reduce the financial impact, the Central, like other rail-r roads, is making some changes in its services at freight and passenger stations, after- a detailed station-by-station survey of- traffic re¬ —V. the common . taxes Other . estimated that this share a new out¬ listing for apply electric reports the1 approximately 83,700 non-operating employees System v/ill switch from a six-day, 48-hour five-day, 40-hour work week at virtually the same' 20% wage increase. v' 7 • ; a the Whatever • the to of the common of , Operating Association—Output—*„■ Association nationally. company..'-;..--. 7.. 17.'v / '•"."•7, meeting, new Articles of Association were prepared requirements of the Melbourne Stock Exchange. same this Central a which the mated the of name conform to creates receive 1, railroads industry • At & Other Central RR.- -To Inaugurate Shorter Work York board the during .77"*" Centre! officials said. ^ consent 12, Aug. company's new one . out of every five railroad workers—results-from recommendations presidential emergency board last Dec.-. 17. • ■/ ■%'* ■ a it '. 7/7:7,7,*7 :;,,V;?/ which was formerly known as Monsanto (Australia) Pty Ltd., was converted to a public company as a recent meeting of shareholders. At the same time, it was decided to apply to the in holders of plan,- Fed; of 17,413,000 cu. ft., or 14.29%'below production ft. for the corresponding week, a year ago.—V. 170, ' :: cu. Sept. New .The company, Governor borrow the for one to are stockholders common Depreciation decrease a week cost (Australia) Ltd. The late Maintenance y , Aug. on new provision no Operating applications 'of $2,290,000.—See Vol. 170,* ' ~ * ot preference- 1.1 common shares during* of $ 1848.'. p. department employees. >• /•„ ~ •; n Inauguration of the shorter work week on" the nation's rail carriers for' 'nearly one million non-operating employees—representing about* 12, announced that the name of its Aus¬ associated company had been changed to Monsanto Chemicals company, rate of Niagara about'$1.60 elected 157; marine , " thgir Period End. June 30— been . name change, Mr. Rand said. The company manufactures alcohol through fermentation of molasses which - is sold for use as antl* freeze, solvents," and non-beverage purposes. Carbon dioxide is a by¬ product of the operation and is sold in liquid form as well as dry ice* As in the past, Monsanto will continue to serve as exclusive selling agent for these products. ' ' v* * '7// The fhe men, engine terminal service men, car inspectors and repairmen, train dispatchers* telegraph" operators, signal- tower men, "signal-, maintainers, station agents, ticket clerks, baggagemen,, watchmen, cleaners, and . the Name of Australian Unit Also Changed— $1.19. the on the share ' principal, classifications of. employees, affected include office1 employees, maintenance-of-way • workers, car and locomotive shop¬ Trustees make to his portion estimated to be probably rights The , of Central Aguirre Sugar Co. of Puerto change at a special meeting early Aug. 12: Central Aguirre and Monsanto are partners in the ownership of New England Alcohol Co. 7/7 /7,7.' ' '/V 1 f .■ vVV" ^ The products' of Nealco-Monsanto will be the same as before the of Board The ended ■ the work . Rico voted to "" ■ pay—in effect, AJcohol Co. of Everett, Mass., a partially owned sub¬ be changed to Nealco-Monsanto Co. effective Aug.. 22, 7,7 ■ "V,. . ■ •:/ /." would authorty hearing a into share for common Hudson. common f: Hudson of name for of preferred each 109, System—Hearing Aug. 23— 23 - 121,889,000 Effective the Aug. for New York - announced 12, 170, p. second for When the bank loan is paid and the distributed, Niagara Hudson will dissolve. plans for participation by holders of outstanding class B stock" option warrants. "■ Dealings in the class B option warrants have been suspended on the New, York Curb Exchange, it was announced on Aug. 17. All* Week— deliveries , M. $1.53 stock.—V. . four England $1.27 capital exchange four of preferred. holders dividend annual an Any common stockholder months after the plan is six pays receive Net i Monsanto Chemical Co.—Subsidiary to Change Name William set week 596. p. Co. on a 15-year sinking fund note due Sept." 1,* 1964 bearing interest at $%'. The proceeds in part will be used to acquire new plant machinery, with the balance added to general working funds.—V., 169, p. 2105. ' New $1.41 of of of dated "• "• the This Co. is 789,718 below ago, to be payable in 24 quarterly instalments, Mercantile-Commerce Bank & Trust Co., St. Louis, Conditional and There is - $6,102,077 613,251 15,761,674, kwh. This is a decrease of 53,030 kwh, or production of 15,814,704 kwh, for the corresponding week "7 77/7.77 >. - /7.7V7/ 77. ' ;/7/: Gas output for the AUg. 12 week is reported at 104,476,000 >/// to Budd 652,652 of stock A convertible the at Hudson basis. first Niagara will 1946 724,862 New England Gas & Electric Mo., company, cars SEC. has For recently authorized Guy A. finance the purchase of four This equipment will cost of "which $105,124 is to be paid in cash and the the indebtedness, ! 1947 $8,104,553 515,272 shares subsidiaries 596. * p. V:/y//V'Mi?'/' , 1948 $7,943,219 New England Electric .The 1948, /•,/; '/■ // , rata pro paid, Co.—Earnings— 7. 1949 be class A then Operation Great 1, Jan. ' $7,061,777 would have get it providing he accepts 0.78 share . . , a within of Corp.—Redemption of Notes above.—V. would of one years, three years, Holders of Niagara otherwise extension holders class to next continue or an rate three that , Life Insurance to constitute Walter, Jr., formerly Vice-President, .has succeeding George W. Heywood, resigned.—V. President, $419,520, by Interest. be made to St. at of $524,644, carried be the Corp. —* on Martin new Mojud Hosiery Co., Inc.—Places Loan Privately—This corporation has borrowed $1,500,000 from the New York to not will exhausted are does it -It per, share. at the first to share 9 ' stock A existing distribution a new CONSOLIDATED of 7, the New Bedford Cordage Co.—New President— ; V capitalization rejection or sleeping approximately 2.1% 'Based . receive of $25 share). a new the of Moore trustee steel stainless »• Union income 1, acceptance Thompson, . funds this that and $1.20 common the « class new of authority each such specified but shares asked for approved preferred. The retirement cash that sales-—:— preferred stock will receive three shares of class B, for each seven shares of preferred held.; Equipment Purchase Approved— „ second June 6, 'Earnings per com.- sh._ 1943, as in the previous plan. After consideration by the District Court the plan will go to the affected security holders are the stated 6 Mos. End. June 30— MOP stock, effective The instead the National Net should not exceed, $57,000,000, that of the New Orleans, $83,700,000, and that the Missouri Pacific, considered as a separate company, should have new capitalization not exceeding $509,700,000. will until was Net Northern at to 1948 3.9 stock common ' stock will „ of stock found ICC $250 Orleans, Texas & Mexico $150 the common The and, in, addition, bond. common Holders new claim share each class . in 674 , to Hudson securities new decision remaining shares of and holders of MOP secured serial 5V*% bonds who general mortgage bonds and preferred stock equal $1,000 Holders for It and National Vulvanized Fibre - new total each for from Niagara ; the liiriited be 1949 and that no assurance can be given the price of 80 will be maintained to maturity.—V. 168, p. 2010.' See the to adjustment bonds, who will receive new securities equal to 110%r the principal amount of their claim; general unsecured creditors of I. G. N. not entitled to preference will not participate in the to decreased 596. p. National Union Mortgage " of for purchases that be will cancellation the purchase offer of the to operation 170, stock. of SEC's first. preferred, stock* on for value utilized. in part satisfaction cash that of part 1949.—V. 16, company such a $41,096,210 major July 17, '48 creditors All equal 1, The in of ■ of stores Aug. 1 informed holders of. special'interest notes that it still has cash on hand to purchase additional notes at 80% of to made into $9,002,962; preferred payments any of National Union Corp.—Offers to Purchase Notes— The $8,720,921; contingent charges,* in¬ capital expenditures fund, from stock dividend from $2;885,841 to $5,005,395, and all annual charges prior to dividends on the-new common stock from $18,726,102 to $22,729,278. cluding $8,568,271 number at July 660 would increased were Shares The Sales____—$20,260,790 $20,050,579 $145,474,505 $143,947,102 before Total stock issue charges July 16, '49 (693) preferred !■ , —28 Weeks Ended—. July 16, '49 July 17, '48 $213,634,107. The the CHRONICLE divided dividend $5 a FINANCIAL —-4 Weeks Ended— t and class B, 300,815 shares. & " comprised stock, common COMMERCIAL National Tea Co.—Current Sales Increased 1%— debt • ■/■ 1 $169,687,482, B, and $26,092,850 of series B general mortgage a total of all debt, $309,297,845. $100,107,904 of 5% preferred stock, par 1,135,262 and The " ' would A, making also would There value ' * debt interest series into $83,409,899. $228,610,363. Contingent THE balance of $12,237,914 will be obtained securities, of the through the sale of additional/ kind of additional securities, which they will be offered for- sale* has as The nature of such financing will be deter¬ mined on the basis of conditions nfr the time such financing is under¬ taken. It is believed that a substantial part if not all of such funds'* nor the company. time, or times, yet been determined. at Neither the THE (694) 10 will raised be by the Issuance and sale of bonds, notes, having priority over the securities offered hereby, securities CAPITALIZATION GIVING EFFECT First mortgage due 1, Aug. First bonds, 1, 1978sinking fund April 15, 1968 Preferred 4Vi% stock cumul. Common •The debentures, amount 1272,694 shs. 3,000,000 shs, 2,493,230 shs. issuable under indenture first mortgage the unlimited, fund of and, debentures have An issued, been its of the for respective the to purchase, & A. C. Allyn & Co., Whiting, Blunt 3.60 3.60 3.^0 3.60 Harrison Co.— 2.50 The Blosser——— 2.50 1.75 Robert W. Baird & Co., Inc. G. Becker & Co., Inc.— Hall & Co. (Inc.)— S. Moseley & Co.—, —' Harris, F. California First & Straus Davis & Co., Paul H. — E. & & Maynard H. M»rch & Co.— —'V. 170, p. 497. wi'l office 5% announced proceeds the of 1.00 Co Ohio Net & Inc. the week ended Aug. 170, sales bids to up the funds, 10:30 purchase 1.00 to Balance of —v. 1949, including capital stockholders stock, common equivalent is The 170, (CDT) from it of Aug. 23 changing prior $15,000,000 will vote and stockholders Holders of of Co. $2 per recent Sept. 21 on (Wis.), a company preferred a major will each $62.50 new Sept. 1 to holders share on the old four-for-one stock be asked the close to for vote officers of $100 said stock par it expects to the on 6% to retire York Stock 169, each 6% preferred preferred stock a on of the $62.50 new where Balance 1948 1947 $57,553 $69,178 625 Gross profit '' from of $58,173 14,590 14,951 12,555 22,562 $31,032 & adv., Income jNOTE—No the p« — 74,647 70,349 files company 1887. has ■ • beer, as $40,028 maw ior reaerai "regulated a 8,213 $97,225 $94,444 income investment 1 ' i ' 8,454 12 Months Ended June 30— Gross operating revenues Operating expenses taxes (incl. Federal taxes on income) unit at city Texas; in income and other to shares on common income City refinery; ammonium new sulphate surplus- $25,932,036 Co. Finance and 8,335 1,807 13,824 fertilizer 168, Net $894,072 first the Steel $1,721,959 $1,313,813 $492,897 $838,299 $697,317 738,000 738,000 738,000 $0.66 $1.14 10,322,762 $25,451,936 8,430,857 14,074,310 $2,946,769 •9,448,260 share. t$2.13 *This amount represents dividends for 12 months pre erred stock except the 5% 'redeemable (& Subs.)- -Earns. ">'1948' %*}# 1947 r" 1946 ' $5£14;502: ,3,861,914 3,453.473 $1,192,866 funded stock.—V. . f$2.42 preferred May 1949. tS1?* 5!" rede5?able Preferred stock, this stock for Dividends rn the •sruld increase total dividends $479,167. outstanding outstanding. during . ■ period'. . - tUpon tUpon - an full an all outstanding stock issued rin series A, period average average issued outstanding of of tax. $435,498 due 1958, are York, N. Y., New now for (& Subs.)— -Earnings— 1949—3 Mos.—1948 1949—6 Mos.—1948 $14,396,493 $13,866,704 $32,562,961 $27,558,832 10,836,427 11,843,344 24,976,565 23,538,819 . 324,531 i 376,767 630,717 567,110 86,124 *1245,822 226,331 618,235 432,151 $2,919,787 $1,353,851 88,580 78,064 169,945 208,873 $3,008,367 $1,431,915 $6,362,589 1,153,000 527,000 2,464,000 $3,100,460 1,167,000 $1,855,3G7 $904,915 $3,898,589 $1,933,460 $1.40 $0.71 $2.94 $1.5*2 local inc. — taxes incl. divids. Inc. before Fed. income 43.047 $6,192,644' $2,891,582 Net taxes ——— inc. taxes on —V. (est.) income share per 169, 1888. p. Potomac Edison Co.—To Increase Investments in Two Firms— The l.' company has received stock investments in burg, Va.) W. their and the of South SEC reported, no-par authorization Potomac Penn construction previously 3,750 scares $375,000.—V. Light Power Co. make to & additional Co. Power (Martins- (Waynesboro, Pa.) to programs. Edison intends to purchase 48,000 stock of South Penn for $375,000 and Potomac common of the $100 170, p. 308. par stock common / Potomac of Light for , V 123,833 48,377 14,876 $483,875 , 19,109 22,882 26,653 454,200 148,300 1948 $89,115,146 $85,996,376 .a 73,378,668 71,556,408 — $15,736,478 $14,439,968 deductions revenue operating — Net '1,031,205 deductions — 126,145 $16,767,683 income Income -V. income———_ $14,566,113 4,853,322 3,821,440 $11,914,361 $10,744,673 — income __ 169, p. 2532. •13,775 Pullman-Standard $771,261 $308,922 525.976 525,965 525,402 Car Mfg. Co.—New Vice-President $214,803 602,136 $1.24 Federal income series 1949 — revenues income Gross 30,425 1 $745,669 outstdg.. second Utility Other $259,003 ■ 460,000 • v 6 Months Ended June 30— Operating Operating $244,127 1154,288 on $1.46 tax and $0.59 surtax $0.41 of Richard York 12,000 has (subsidiary company), 169, p. 1995. shares of New England District Manager, has been elected 170, p. 498. stockholders July on Mine & Sept. will 9 consider this Hill Navigation & RR. Co.—V. 170, p. 498. . of agreements providing for the merger into Navigation & RR. Co. and 1949, 26, Creek Mill appointed co-regis¬ 4Vi% series preferred Chase, Reading Co.—Proposed Merger of Subsidiaries— The dated been V; Vice-President.—V. Fedtral tax refund.—V. merger ^ , of company Schuylkill Valley I , r., - 170, p. 597. Reliable Stores Corp. (& Subs.)—Earnings— Pennsylvania Salt Mfg. Co. (& Subs.)—Earnings— Net 1949—6 Mos.-^-1948 profit after taxes— Common shares outstdg. •Earns, per com. share- $1,304,570 $984,633 $2,604,170 764,573 , 764,573 764,573 $1.61- (Excl. $1.18 $2,022,867 764,573 $3.20 $2.45 •After preferred dividend requirements June 30, 1949). Quarter Ended— Net ($154,692 for 12 months ended June 30, '49 sales —$8,500,000 Consolidated net profits after taxes See South Penn Oil Co. srICS common > stock 589,309 after 479,071 preferred f divi¬ 1 J. • • • • 1949—3 Mos.—1948 $5.771832 ~ — Net profit after taxes— Com. shares outstanding —v. Mar. 31, '49 June 30, *43 $7,500,000 $8,400,000 *715,261 Pennzoil Co.—Offer Made to Stockholders— • Net Earned • company's share of earnings of Frank Corp.) of Period End. June 30— 1949—12 Mos.—1948 • per 169, share. com. -V. 825,811 334,321 343,105 $1.60 $1.33 $1.16 ;■ $2.41 > - Inc.—Quarterly Sales Lower— 1949—3 Mos.—1948 $36,583,571 ——- — $10,955,928 444,314 ... Rexall Drug, Sales $9,622,279 343,105 1889. p. 1949—6 Mos.—1948 $6,362,915 549,055 338,327 334.321 .. Period End. June 30— 169, p. 807. 1949—6 Mos.—1948 $38,959,920 $76,013,542 , $ 82,3 1 7,24$ -r. r,." "ly.. , Reynolds Spring Co.—Earnings— : . . Six Months Ended March 31— below. 1949 1948 $5,609,331 Cost Peoples Drug Stores, Inc.—July Sales Off 1.3%— 1949—Month—1948 Sales $3,960,937 The a corporation in July, 1949 170, p. 303. ago.—V. year 1949—7 Mos -^-1943 had 143 stores in operation against of sales Selling, $3,909,159 $26,573,061 $25,880,884 Philadelphia Transportation Co. (& Subs.)—Earnings 6 Months Ended June 30— Operating Oper. 1949 revenues & expenses Profit Other 1943 from (excl. income taxes)— 30,160,615 Gross Rental $2,381,202 213,263 income 261,635 income of Interest $1,574,852 on deductions funded $2,594,465 1,537,.743 Interest -V. before 170, p. 42,197 1,310,21.1 1,308,882 $'1,314,497 $479,138 ... debt income 597.' ^ $155,176 22,703 ——— $177,882 expense ! 27,170 — deductions Net •' taxes .1.1 -s ••• of plant. lease. $216,822 $404,385 30,070 56,000 43,000 $94,712 common per •Expenses $187,563 f •63,629 — 294,500 $267,686 295,100 $0.32 profit Earnings shares common and ^Includes ■, , share losses in $162,786 » connection profit from _ with closing $0.90 assignment of Trenton, N. J., of Trenton, N. J. ,. NOTE—Net profit for the six months ended March 31. 1949 included $22,707 of non-recurring profit while net profit for the six months a Loss operations. Provision for Fed. & State inc. taxes—estimated 1,722,524 41,395 _ leased' lines.'— Miscellaneous 4,814,297 436,934 342,172 expenses— income Other 31,092,123 $1,313,217 income Non-operating administrative income Number Operating 5,111,983 — and general $5,438,794 $31,473,832 $33,473,325 taxes 7 725 396 7,03*7/155 series Co., 598. & adm. exps. Other 2,396,690 , $1,248,343 Guaranty Trust Co. of New a Trust 170, p. $2,764,650 £j3,105,444 135,610 $1,094,055 debt Inc. $3,676,652 ',158.533 Pennsylvania Power & Light Co.—Co-Registrar— for 4V4% & 39,490 gen. - on bonds, $0.94 "'181,391 tlncludes $114,126 interest trar & of 105,310 As 1849^ profit"" The Gas 169, p. 909. 23,386 finance $1,224,778 for director. a Department 43,024 178,784 31,912 Fed. the 52,655 for 437,711 $4,827,730 Income for and Standard of of 17,281 251,679 income Prov. Houston', near Public Service Electric & Gas Co.—Earnings— profit on Vice-President charge connection.—V. Bank — properties 631,980 $0.54 Si ordin. tax antLdepletion— Total at Adams Treasurer in bonds.—V. —— plant Coal 88,753 738,000 exps. Other and be new mortgage Chemical products sold— Prov. for deprec. & depl.: 1888. Operating Port at elected will his in of 312,421 $394,391 sales. __I Cost, Deprec. unit Engineering Co.—New Vice-Pres.— Knourek Accounts at sales Cost 260,370 share—— p. as cracking producing capa¬ Etter, Texas- ammonia fertilizer facilities has been exchange of temporary • outstdg per 1949 Pittsburgh Steel Co.—Permanent Bonds Ready— 12,323 - increased nitrate Vice-President Mr. Permanent available 2,390,623 $1,301,484 3 Mos. Endfed June 30— • *• 138 15,450,793 stock stock—. common 2,653,563 — of year . $1,708,135 tax. full wells, formerly was Total Balance surplus per $3,692,107 Pennsylvania-Dixie Cement Corp. $35,774,698 $1,032,983 Dividends $4,361,698 v $774,316 inc. the and gathering pipe line system, and processing plant County Texas, for making deliveries of gas to the new of Michigan-Wisconsin Pipe Line Co.; crude oil pipe line line Earns, $2,092,154 $892,264 Period End. July 31— $35,333,851 440,847 11,802,509 transferred preferred 1 1948 year Kansas a gas 119,555 Fed. year. for from West Texas to the Phillips, Texas, refinery; and increased capacity for manufacturing Philblack.—V. 169, pp. 2532, 2756. 1949—6 Mos.—1948 1,199,889 .-'.."1 last $95,000,000, Hansford Fed. % 204,411 on "shares' the and ammonium ^;;'; • $37,734,545 income interest and discount ..v. ; $765,981 income for Net income 1945 $37,530,134 — : Dividends in be Gross inc. from opers. 1,235,846 —; " $3.14 106,775 which is $44,000 000 'less $15,000,000 less than originally con¬ templated for 1949. During the first six months, $51,000,000 has been spent for capital items. Among the major projects completed or scheduled for completion during 1949 are: the lubricating oil processing facilities, vacuum distillation still, and catalytic Net ; — -.»••• . • was $2.10 —— expenses •Equal to 89 cents per share of dend requirements.—V. 170, p. 308. $214,551,697 $194,464 557 140,747,041 124.56L190 36,274,522 34,569,516 ; __— 'deductions , the for shares be¬ company."— 1949 operating revenues Miscellaneous income ' 873,452 1949—12 Mos.—1948 _ Period End. June 30— 3,481 .... provision $2,001,827 income—net Total Prov. $69,822 Pacific Gas & Electric Co. (& Subs.)— Earnings— * than Saskatchewan. and 1949—3 Mqs.—1948 Depreciation securities, ; provision for directors' compensation based on operations for the period Earnings $5,441,519 income profit 4,916.987 $6.03 daily net production of barrels, as compared with $8,106,490 $31,270,545 $31,364,307 , gen., 6,045,106 average expenditures will common $32,308 8,153 —— cost.— on Alberta . operations Selling, 644 9,918 _ :/ Earnings per share $35,356 _ in 1949—3 Mos.—1948 Period End. June 30— Net .Contingent Net capital estimated, Inc.—Quarterly Sales Lower— $6,762,602 6,003,000 15,459,699 $3.63 year, foreign crude oil company's Prov. the $59,232 13,958 taxes—— expense Gross The 4,504,000. $1,925,244 915,487 — acres 12,942,400 36,481,282 6,047,139 this of 109,945 barrels for the first half of on •Provision 1949 _ Net profit from sales Rdnd and half presently 2,000,000 Penick & Ford, Ltd., Inc.—Earnings— 110. p. 750,000 ; Interest Exchange, 170, than more —V. 170, p. 110. share. 625 _ Expenses and ordinary Net 1,338,000 . 2532. p. 8,786,400 11,945,519 Inc., a subsidiary, has acquired a large stock Oils, Ltd., a Canadian oil firm, it was an¬ It was.said that Pan-Western's holdings included 17. Paraffine Cos., —V. $58,607 — Total Taxes 2,263,244 contingencies——.—— Period End. June 30— the plan for extra employees. Aug. 22 will be eligible listed—V. is — .Interest I69| $45,847,331 $56,958,617 Leases, Sales April 1 and Oct. 31, 1949. and business 6 Months Ended June 30— .Dividends V# domestic first Electric on the apply for listing New preferred of dividend $4 paying $165 managerial at share par in Capital shares cause 1948 on Overseas Securities Co., Inc.—Earnings— . the Sell., —V. Gross share per proposal a Oil interest * cents July 1, 40 cents fiscal year ends on converting a'so record - Net For 16,382,202 21,953,129 Portsmouth Steel Corp. Aug. admin, payable to to vote. based income on profit George W. Knourek Pan-Western bank loans of Power of" 50 the to company's at the option of the ho'der, compensation .. 22,222,857 . taxes 1,275,000 21,105,418 costs outstanding Net profit per share.— 110. p. 93,184,315 2,000 000 devel. Shares He $15,000,000 . ^ 1949 , — Fed. $ gen. interest deprec., Pioneer Service & $6.23 on No. ".stock into 1.6 shares of Interest by mort¬ series "A" has been Exchange on Aug. 15. shares in an 65,000 Shares of 6% preferred stock outstanding. It is now noncallable. The - proposal, which has been approved by the directors calls for the retirement of the $100 par 6% preferred Issue by: J v " ' ' 1 ■ . made refunding 1947 $ i 132,304,216 contingencies depl., for ' 212,106,252 • * profit— nounced rOtis Elevator Co.—To Reclassify Preferred Stocks The be will share per Earned par net of interest a.m. States dividend a The old stock received $1 •present stock, Stock ; ——— for reserve Peninsula " outstanding on Dec. 23, last. —V. 170, p. 308. f limited is Pancoastal Oil Co.,C. A.—Acquisition by Unit— the for to sell at competitive series due Aug. 1, 1979, bonds, Nbrthern of declared >$2 The — Addition increase of 12.7% 597. p. have stock split-up. 'or, The offer (& Subs.), Boston, Mass.- Earnings— 1.00 15. stock persent outstanding Aug. 19. This Either additional an the 191,445,759 139,577,152 & oper. retirements Net pipe Net profit before taxes & contingencies—— Provision for income taxes— * 1.00 1.00 12, kwh. 58,103,000 with mortgage Aug. record The preferred Los Angeles the 6 Months Ended June 30— 1.00 Bonds due 1979— from first of on common directors common Jf.; and & taxes for for Prov. Exchange— • Pacific Mills 1.00 Miscel. of them Payments issue. 9. Ohio Leather Co.—Declares 50-Cent Dividend— '.the first dealing on 170, No. receive and general subsidiary.—V. The redeemable p. .obtained in March, 1 49 and due December, 1949, the company expects ;tq be able to carry its program through 1949 and to purchase $1,500,000 Western on to previously reported, proceeds from the sale of the bonds will be used to provide part of the new capital required for the 1947-1951 cohstruction program of the company and its subsidiaries. With such expenses, sold, stock and principal officers are excluded. as that paid to the company by the $37,500,000 admitted As " the for —V. first mortgage bonds, series due Aug. 1, 1979. The company has received SEC authorization wa3 to offer instalment basis. an on made for 1948 $ Provision Res. and Company Raffensperger, Hughes company for as compared Chicaeo in bidding $15,000,000 it been employees. Directors per share is the same 1.00 Stifel, Nicolaus & Co., Inc.- First Mortgage on company its preferred 1949 244,408,145 Cost of products 1951. series The 1.00 Rogers & Tracy, Inc Sills. Fairman & Harris, Inc. corresponding week last year, an at first subsidiaries Subs.)—Earnings— ,<• Income Period End. June 30— output of this 65,456,000 kwh., The have stock this Stock Listed Northern States Power Co. (Minn.)—Weekly Output— Electric Bids in (& 1 Gross deliveries early deductions over a two-year period. July, 1949 an issue of $80,000,000 of first and Earned totaled ' to numerous requests by employees to purchase company 1.00 Austin, Inc Masten Co., first The an 1.00 * Co & 1.75 Corp.— Mexico. New S 3% bonds due in 1983 was sold at competitive bidding underwriting syndicate at a price slightly above par. This offering, which also was successfully marketed, will finance the com¬ pany's building program for several months.to 1.75 Simmons & Collins 1.75 1.75 Farwell, Chapman & Co.—_ The First Cleveland Ellis Indianapolis Bond Share Corp. A. and Texas its and to 139,585,000 kwh., an Increase corresponding week of last year. the over 6 Months Ended June 30— these for funds fbr carrying on construction activities syndicate of investment bankers at a premium over arrangements price In 1.55 Weeks & City Securities Corp. & in company amounted ' and regular The 1.75 Jullen Jackson line fields a underwriters 1,75 Stubbs— 6.60 Weeks——— Webber, Curtis A, McGann Doyle, O'Connor & Co., Inc. 6.60 Inc to response gage Co., Inc, ———— Pacific Northwest Co._—— 6.60 & Hornblower Paine, to Securities Albert Fen- Beane Expenditures served. area approximately facilities to meet year and additional $2,500,000 of Percent. Name— 12.00 — this of plants new payroll 12.00 (Inc.). Blyth & Co., Inc Merrill Lynch, Pierce, In of such 12.00 Central Republic Co. in broken on the company's 506-mile section to transport gas 1,600 miles to northern was pipe this Phillips Petroleum Co. middle the buyers. follows: as Percent. Name— ner are hoped been ground of 2.4%, future. to value. The offering met with an excellent reception among subscriptions being .received from several thousand indi¬ many large insurance companies and other institutional par stock, stock (without par value) as are exercise of subscription warrants and the unsubscribed stock which each has of war investors, common the upon percentages agreed severally of shares 311,654 subscribed not the principal underwriters of names the gas from sold viduals 1, UNDERWRITERS—The June provide was cumulative Dec. of through this line are scheduled to begin issue of $37,500,000 of 5% redeemable gas to preference stock is convertible into* common stock 1957 unless called for previous redemption. The 272,694 shares authorized were issued, of which 26 shares have been converted into common stock, and 6,129 shares purchased for the sinking fund and retired. IThe through is near currently being made at the rate of more than $15,000,000 new California subject to the terms thereof and of the indentures supplemental thereto, additional bonds of any series may be issued, subject, however, to certain restrictions on the creation of additional indebtedness coatained in the indenture under which the 3Vz% sinking is the output 1949 . in Late Of electric ended Aug. 13, 3,208,000 kwh., or —V. 170, p. 597. of the to month. a 266,539 shs. Philadelphia Electric Co.—Weekly Output— The California Public in rates charged for gas service that the Commission will take application invested demands of the growing Monday, August 22, 1949 Aug. 5, said in part: on increase an it the has purposes are 211,380 shs. (par par bonds of 257,820 shs, 5% stock (without series $20) value)— $100), prder. the 9,000,000 9,000,000 for and CHRONICLE week in end $400,000,000 due — (par stock 11,000,000 • Nov. closed, action the FINANCIAL continued to show substantial growth during company's the Commission From & Black, President, on been favorable 3V*%» ;erl»s D, 3'/z% have $45,000,000 * bonds, Utilities 3'/b%, 1973 mortgage due series C, Hearings Outstanding Authorized - James B. The company's business the first half of 1949. FINANCING ABOVE TO other or COMMERCIAL year earlier Charles G. included $153,193 of non-recurring profit. Munn, President, stated in his letter to stockholders that of April, "1949, thd 'company earned approximately for -the- month : taxes, on sales representing less than 70% of capacity. added, is an encouraging factor in favor of the company's program, completion of which will place the company in a strong competitive position. Mr. Munn revealed that the company has developed a new type before $48,000 This, he decentralization which is receiving very favorable consideration in the industry. Introduced under the trade name of «"Luxuride," the new product is a combination of the present type coil spring construction supported by a helical spring suspended base and has cushion what form in 60% features that are proving attractive to body engineers. are being made to dispose of the company's main plant in Efforts clared. . . assets on March 31, 1949, $1,203,667.—V. 169, p. 2214. Current liabilities current and $2,852,515 were This corporation Hotels Hotel •Net profit Com. shares outstanding tEarns. $23,313,000 $27,760,000 840,296 1,144,405 1,571,033 1,000,000 1,000,000 1,000,000 S0.81 $1.09 $1.51 $12,806,000 $13,670,000 580,905 •After and taxes 169, $.56 and dividend requirements. tAfter preferred charges. 1889 pp. 1,000,000 share. com. per 1996. Co.—Registered With SEC—• Rochester Gas & Electric Aug. First Boston Lynch, Pierce, Fenner & Beane. ■>. Commission Service Public York Aug. on company's certificate of incorporation to increase ized 15 amended the the presently author¬ shares to 1,250,000 shares. But none will be "at present," the PSC said.—V. 170, p. 208. 825,000 it assets total had acquired the The had to John 60 % under obtained the of the of sales Net earnings — per after 1,123,560 $1.00 taxes—. dividends alter pfd. share common The company's subsidiary, Sloane-Blabon $84,008 for the period.—V. 169, pT 2425. Corp., in stepped has company Dividends Interest of second a President, customers, Total showed $1,257,444 The filled a letter of Commission covering par value common stock to be offered at writer. The net proceeds are to be used mining ground contracts. company rities and ' 24 Wks. End. 26 Wks. End. June 12, '48 June 30, '47 24 Wks. End. Period— Net 20 % production its up 169, to the through Common 2,570,645 chares Earnings per $1.07 170, Co. Buy Up to 125,000 such or will used be to With SEC— in the Southwest. capital for expansion increase underwriting. no stock. Seaboard Air Line RR.—June to asked submit offers to sell Fed. ry. of Bal. income if „ inc. of Net There on of transferred be fund charges earned to to \ 194^-3 Mos.—1948 per — maximum and $69,685,909 7,509,468 670,042 212,518 258,765 ' 2,443,988 949,352 for $411,276 $1,494,635 2,487,707 capital fund minimum against income made are — net $1.38 $1.70 $0.31 1948 from 3% p. J/2 to and 1% of effective income State Jan. of taxes 1, 1948, less resultant increase in approximately $245,000.—V. 170, 112. Sears, Roebuck & Co.—July Sales Off 12.7%— July 31— 1949— Month—1948 1949—6 Mos.—1948 —$163,120,948 $186,792,996 $1,041,829,665 $1,122,085,543 Period End. Sales —v. 170, p. 498. per . New ■ Period End/June 30 $9,243,879 Sell., , adm. 3.578,023 & Operating gen. 4,046,362 exps. $1,521,494 profit •Other Income tTrans. from 244,776 (net)— for res. .. contingencies * Balance $1,866,270 107,752 Prov. for Fed. Net Inc. taxes / income Com. shares Earns, per 677,901 $1,080,617 oustanding 1,000.000 share- $0.88 com. 749,724 t 045,143 costs incident to $1,270,163 84,093 418,925 $767,145 791,627 $0.72 expansion $6,358,023 334,233 2,245,125 $7,973,842 417,832 2,842,895 $4,713,115 1,000,000 $3.91 . $3,778,665 791,627 $3.76 plans, 170, the 12,060 the ■; Co. prices on July 22. the number more of the year. The split-up effected now company at start stock four-for-cne (See • than 15,000, increase was last May.— Net loss 105 sale of securities on $13,770 Cr9,993 N. Y., p. » loss realized Feb. Credit arising junior 599. at or . \ •• Southwestern Public Service Co.—Earnings— Period End. June 30— Oper. exps. & gen. Income 1949—12 Mos.—1948 $1,232,238 $16,396,462 $14,319,927 767,193 9,963,054 8,715,254 843,674 taxes Net operating income- Gross (net)— Income Interest Federal and $517,547 3-679 , < $6,433,408 73,005 $465,045 80 $5,604,673 38,771 Deficit May from 169, p. purchase (incl. income $1,937 $11,977 Earnings 910,780 —V. 608. Gains— •R. Union Oil Corp.—To Discuss Plans to Simplify Capital Structure— The company, a a / held on Aug. 25 are expected to plan for simplification of the corporate structure of this member of the Royal Dutch-Shell Group. It is not known directors consider at a meeting to be applic. per cumulative preferred $3,573,973 357,813 to common 1,349.832 share common stock 3,577,339 shares $2.65 .• 3,216,159 $2.33 148. 170, p. Standard $922,757 for Shell on " Cr79,800 $985,278 $2.49 169, $734,071 $2.13 1998. and 1880 p. Secretary-Treasurer— Assistant formerly this Treasurer, has been appointed . value, Tripp, unsettled of Higher— amounted to $2,242,612 at July 29, with compared with $1,243,890 six months Fund, market reports to stockholders. conditions," Mr. Tripp told a * conservative investment approximately 32% of total government securities."—V. 169, President, business general and cash short-term Co.—Earnings Rise—Ac¬ cents share per Through Sale of equal stock 1949 to the same second quarter of 1949 was $2,198,084, on the 3,333,333 shares of common the for income Oil Firm in Sterling . the second quarter of 194.9 an increase of 61% over the Gardiner Symonds, President, pointed out in an The company, which operates a natural gas pipeline system from South Texas to West Virginia, is now in the midst of a major expansion program. Additional expansion and a 395-mile extension of the pipeline daily to deliveries for cubic feet, gas 606,667,000 quarter . • to system a increase temporary in terminous near Buffalo, capacity authorized daily the of N. Y., along with 229,000,000 cubic daily capacity up to 1,060,000,000 cubic feet, was approved by the Federal Power Commission on July 29. This was an important phase in the company's over-all program, which contemplates the extension of natural gas service into New feet to .England, Mr, to total and the company followed Symond's letter pointed out, 2 by filing an application with the FPC for authority the system capacity to 1,260,000,000 cubic feet per day extend the service from Buffalo into eastern New York State Aug. on up the bring expand and New and The England. letter ' Sterling Oil & Refining • reported further the 3aJe to the of all assets of the Coast Co., the who'ly-owned producing and drilling subsidiary of the Tennes-ee Gas Transmission Co., in exchange for 40% (53,333 shares), of Sterling's outstanding common "stock.' Coas't Co. will be dissolved and the stock will be held directly Corp. investment.—V. 170, p. 599. by Tennessee Gas as an I ' # '' ' Engineering & Mfg. Co., Inc.—New Product— buoys, docks, of a new type marine flasher for use on marker obstructions, etc., in inland waters has been announced by this company. The new flasher, high H. the Accident Insurance Co., Detroit =•; — Reports cell * give continuous batteries; Platts, President, reports net written premiums of $18,411,815 first six months of 1949, compared to $17,197,075 in the period of operations Net income of 1948, an the from 6.8% 'during the company all six months' period.—V. 169, p. 2534. l„ as operation for flash Normal higher or lower rate "Temco the Aqualite," features a very can approximately six months on one set is 50 cycles per minute, but a sequence be provided on special order. Awarded New Contract— • . corporation has been awarded an initial contract for the fabri¬ cation of 22 structural brackets for the Chase Avitruk. These are of a This type for which forgings normally Chance mount Vought TEMCO tubes.—V. would be Used.- Aircraft Division of the United Aircraft Corp." has a contract to swage and magnaflux 243 engine 170, p. 535. ~ i ■ Texas Gas Transmission ' Corp. — ■ , Common Stock Of¬ fered—An investment banking group headed by Dillon, Aug. 17 offered to investors 218,625 (par $5) at $12 per share. - The stock is being purchased from certain stockholders of the corporation and represents part of the 625,000 shares sold privately by the corporation in July, 1948. Read & Co., Inc., on shares the stock common BUSINESS—The for • increase of $1,214,740, or 7.1% . The general continued to produce profitable results. operations including investment income and after "current Federal Income taxes was $1,720,244. Surplus to policy¬ holders at June 30, 1949 was $19.470,583,. an increase of $1,347,053 or same known Intensity gaseous discharge lamp with a fresnel lens, and an type flashing mechanism. It operates off two six-volt dry batteries, and due to its extremely low current consumption,, will induction 549,984 1,519,487 386,841 -1 - Accrued dividends 983,341 $1,167,962 31 $5,643,443 868,980 $3,964,180 taxes Crl,793 of Interest) ' 1,673,253 deductions income State $6,506,413 $464,965 $521,227 other and $13,622 period — t349,915 100,000 of 1948, accompany letter.' of - 1949—Month—1943 $1,361,222 Operating revenues 1,234,140 the - notes —V. in 28 $1,205,693 $3.50 $1,101,698 $3.20 $1,183,986 , amounted Co.—Definitive Debens. avail¬ Chase York, the St. Louis Union Trust Co., St. Louis, Mo.—V. 170, ; ' »• . . iv ! Balance Net Deficit $855,847 1946 1947 Development Net $11,930 of in Texas 14,40o $13,517 deficiency Spilka, assets awarded 1947 $11,655 11,025 1948.—V, 168, $1,944,989 t649,096 90,000 t675,231 —- Chester D. 60 345. p. ; of June 30, 1949 "ditectbrs haves followed maintaining, as of July "29, 1949, same — o: ' Southwestern Bell Telephone Other Shawmut Bank Investment Trust—Earnings— 3 Months Ended May 31— 1949 1948 Income—divs. & int. on bonds$1,272 $13,452 Admin, exps. & int. on senior debt. 1,289 10,982 Int. on junior notes (paym't. def'rd) 13,500 14,400 with to various at . 30, June outstanding. This brought earnings for the first half of $1.17 per share as compared with 75 cents per share on number of shares during the first half of 1948. Stock Offered—In / Income " Definitive 35-year debentures due May 1, 1983, are now able for delivery In exchange for temporary debentures at The National Bank of the City of Nc-w York, 43 Exchange Place, New Cr288,734 etc. tOf amounts equivalent to co.ts incident to expansion plans, etc.—V. 169, p. 2214. •Includes attributed Vol. 112). stockholders' of compared as $5,948,825 120,463 $7,178,970 $1,167,678 57,809 Cr44,676 - Depreciation The $7,963,288 $37,682,468 $33,274,961 3,319,704 15,170,647 13,821,498 3,475,806 15,332,852 13,504,638 . .. — Telephone England market also V. 170, p. 1949—12 Mos.—1948 1949—3 Mos.—1948 — sales Cost of sales Co. share, and offered by them on the Connecticut over- the-counter Sharp & Dohme, Inc. (& Subs.)—Earnings— Net Casualty Financing Completed—As reported in the "Chronicle" of July 25, the offering of 400,000 shares of additional capital stock (par $25) had been successfully completed. The stock¬ holders subscribed for 397,053 shares (99.3%) at par on a one-for-six basis, and the remaining 2,947 shares were sold to Chas. W. Scranton & Co. and associates at $28.50 Southern as ' $1,776,933 t524,551 2534. an $611,244 in payroll taxes referrable to the first five months of due to reduction in Railroad Unemployment Insurance tax rate 1948 1949 $1,380,398 surtax contingencies— assets Net ... July, the company of feted 10,000 shares of no par value capital stock at $8.50 per share (proceeds to the com¬ pany $8 per share);,' without underwriting. The proceeds are to be used for 'expansion.—V. 169, p. 2757. 4,031,391 & quires Interest Subsidiary— tReflects credit adjust¬ other deductions. charges and & ended compared with $42.26 at Dec. 31, as Tennessee Gas Transmission ..v' months six the in the same period last year. share of the corporation per charges tax Average 3,253,767 securities. for $1,840,699 $0.38 $333,381 - Fire year and on $41.14 profit policy 3,027,757 1,187,058, 3,230,000 Southern permissible 1,663,568 to "Because 7,955,226 5,853,078 the gains . earlier, 1949—12 Mos.—1948 2425. p. income taxes on income or on necessary since the corporation investment company" and intends approximately all its taxable income, thereby incur no Federal income tax Television Fund, Inc.—Net Assets com. 1,085,636 169, Federal is believed stockholders, share shares— ' Secretary-Treasurer.—V. 170, p. 247. $5,002,349 $20,957,884 $18,984,496 $4,990,208 taxes- 19,063 221,306 "regulated a during investments, at output of this company for" the' week ended Aug. 10, 1949, kwh., as compared with 3,140,000 kwh. for the' corresponding week last year, an Increase of 2.9%.—Vi 170, p. 599. of Federal $115,234 • Tel Autograph Corp.—New Electric be •After fixed ment *$10,336 gain be realized Samuel 7' 545,900 income totaled surplus charges are made against inc. transferred to earned surplus fund sinking fund and if r.. - to inc. $86,627 tAt the rate of 38%.—V. Southern Colorado Power Co.—Weekly Output— 1949—6 Mos.—1943 income__ sinking capital Bal. $652,568 537;334 Earnings per com. share p. Earned to taxable after Net in¬ before taxes come Earnings— 1949—Month—1948 revenues- oper. income •Net 1,052,927 for provision unrealized norm, Res. to . revenue income —V. $9,415,337 $10,987,861 $66,290,828 763,999 11,617,036 5.694,^124 6,143,388 635,773 1,685,155 4,150,446 -A.V. 498,593 1,350,521 operating Net $1,042,591 1,128,136 6 Mos. End. June 30— to Ry. $1,214,763 $169,794 1943 gain Profit the 1590. Prov, for income ; , Period End. June 30— Total $1,245,870 18,200 185,079 $892,936 6,000 188,685 Sutherland Paper Co.—Earnings— purchase of approximately 125,000 common Securities to be $1,409,448 2014. p. owns part to 1946 * $1,373,139 — The net asset value to 1947 - r been have Period End. June 30— Operating corporation on Aug. 5 filed a letter of notification with the and Exchange Commis..ion covering 8,000 shares of $1 par value common stock and 14,000 shares of $10 par value class A pref¬ erence stock to be offered at par in each case. The net proceeds are company 1492. 4,500 174,631 distribute Net The p. $824,602 68,334 • in Net throughout the nation." But, hp added, "their cash justify paying any dividend for the first quarter." not 168, p. Net the 169, $1,015,763 230,106 1949, was $68,973, against $928,339 Southeastern Greyhound Lines—Earnings— employees' retirement plan. Scot-Signs, Inc., Dallas, Texas—Files Offers — now presented did —V. 598. p. be situation $1.66 deducting $520,000 contribution to •After -V. $2.53 ~ all Oil should position *$4,771,773 2,570,647 ; share- common $3,200,507 2,570,647 $6,943,147 assist $1,301,048 108,400 ... including liability. 114. p. authorized the company shareholders business de- income taxes outstanding- and prec. v ;v . chgs., int. after inc. June 18, '49 Penn Penn Offers of as 1,203,345 or elected - their shares as "they may desire. Bradford National Bank, Bradford, Pa., before the close of business Aug. 22. The price range of Pennzoil stock In recent months has ranged between $10 and $12 per share. In a letter to stockholders, George J. Hanks, President of South Penn Oil, said the results of Pennzoil's operations for the first six months of 1949 "may be considered satisfactory in view of the general South its of $425,000 $1,552,270 income 73%, 1 Pennzoil (& Subs.)—Earnings— Safeway Stores, Inc. Co. Pennzoil of shares South about 200,000 shares of one-cent 50 cents each. No under¬ for milling equipment and balance 66,235 Income Surplus about 53% of the 634,532 out¬ standing common shares of Pennzoil and should it purchase all 125,000 additional shares, its ownership in Pennzoil will be increased to notification with the Secu¬ Aug. 5 on Exchange Oil The directors have Rotary Mills, Inc.—Files With SEC— will 1948 1949 i $1,486,035 received. .'•Deficit. Aug, on said.—V. Ross Penn additional The of aircraft instruments.—V. expense Net of loss a Output 20%— Pennzoil Common Shares— 170, p. 344. devices These subassemblies. Dividends 3,736,709 $3.87 eight-hour ihift announced Mr. South 1949—7 Mos.—1948 $7,928,433 $7,859,583 1949—Month—1948 $1,280,066 31— Sales the " received amounted Period End. July amount State Street Investment Corp.—Earnings— to daily operations, Charles J. 15. The boost in output of automouile hinges was necessary to keep pace with increased production by seme of the company's automotive addition 25-Cent Stores, Inc.—July Sales— Rose's 5, 10 & —V. the 6 Mos. End. June 30— realized Soss, year the in company rounding out its line of NOTE—No Soss Manufacturing Co.—Increases This Roosevelt Oil & Refining Corp.—New President— C. L. Butler, formerly Chairman of the Board of this corporation, has been elected President, and C. L. Maguire, formerly President of Roosevelt Oil Co., a predecessor, has been elected a director, both succeeding A. W. Winter, resigned.—V. 169, p. 2424. v fi cal the oustanding has also reduced its debenture bond original issued amount of $1,750,000 to approxi¬ The aircraft other in Ford ' 1949 1948 $34,479,931 $41,078,574 6 Months Ended June 30— Net issued be¬ $2,065,000, to were (Alexander) Smith & Sons Carpet Co.—Earnings— Earned $0.68 amounted entered into a license agreement w:th Teddington Controls Ltd. of Great Britain, under which it is exclusively licensed to manufacture certain precision instruments for electronic cabin temperature controL", and inching devices for control of flaps ana 402. p. 883,363 $1.03 has Company offered $30 a share. This represents a purchase price of approximately $3,000,000 of which 1,500,000 was paid immediately with the agreement to deliver an equal amount in payment of whatever stock may be tendered. Officers of Sheraton corporation expect that well over 90% of Ford stock will be acquired under this offer. The Sheraton corporation has approximately 10,000 stockholders and its shares are listed on the New York Stock Exchange.—V. 170, company, $8,921,762 earlier. year during off were 1949 mately $1,450,000. common agreement an President Udd, C. paid which 1947. indebtedness from $64,575,924. worth be approximately been and stockholders the estimated are Hotels 31, 31, May of as $1,909,000 a company loans May 338,453 —^ capital with bank March, 1947 1948 $7,073,696 510,309 $1.02 — 499,687 shares of stock. on compared the Lord Elgin Hotel in Ottawa. transaction latest Ford in opened hotel room and ; tExpenses by amendment. Dealer managers are. as follows: Corp., Wertheim & Co., Lehman Brothers, and Merrill yond 835,000 which 11 Subs.)—Earnings— 1S49 $7,690,289 taxes after working Tax filed New •Based Net Commission 15, Exchange The Its of 1,000 Toronto; profit a registration statement was filed with the Securities covering 835,000 shares of no par value common stock, to be offered by its parent, General Public Utilities Corp., to GPU common stockholders at the rate of one Rochester Gas share for each 10 GPU shares held on Sept. 8. Offering price to be On that announced 16 Aug. on new a in this stock (& ; Earnings per share 1948; the In addi¬ tion, Sheraton acquired extensive real estate in Buffalo, New York. This gives the Sheraton Corp. a total of 28 hotels in 25 American and Canadian cities. The company also owns the Sheraton Whitehall Building in New York City and two large office buildings in Boston, Montreal, In 1949—6 Mos.—1948 1949—3 Mos.—1948 sale., and Net Co., Inc., owners of three large Canadian hotels. hotels acquired in the transaction are The Laurentien Principal in Ford Mass. —V. Co. Sheraton Corp. of America—Expansion— Co.—Earnings— Rheem Manufacturing Perid End. June 30— 1 Net Petroleum Dutch Sarles Trading & Transport Co. Ltd.—V. 170, p. 598. Ford Thomson Corp. Standard Years Ended May 31— The latter is owned 40% by the Shell Co. and Petroleum the Batavian by Royal the by (695) is owned spring Jackson, Michigan, which is now too large for contemplated local operations as result of the decentralization program, Mr. Munn de¬ . is turn CHRONICLE FINANCIAL & simplification may take. Over 65% of the company's held by the Shell Caribbean Petroleum Co. which the stock common automotive many COMMERCIAL THE Number 4831 Volume 170 corporation transportation and owns sale of operates a pipe line system natural gas at wholesale. As and presently constituted, the system is composed of a northern division (formerly the properties of Kentucky Natural Gas Corp.) and a southern division (formerly the. properties of Memphis Natural Gas Co.). These two companies, which began operations, in 1929 and 1928 31, 1948. -, line approxi¬ northeast from the Carthage Gas interconnect the southern and northern, divisions, respectively, were merged into the corporation on March The corporation is presently constructing a new pipe mately 833 miles long to Field in east Texas, extend 12 and continue mission make to northward Corp. first interconnect of Texas Trans¬ Eastern new Period End. June 30— Mail approximately 660,000,000 cubic feet of natural pipe line, estimated to cost approximately $73,500,000, is being financed by the proceeds of the common stock sale in July, 1948, by the sale in December, 1948 of $60,000,000 first mortgage bonds, from earnings and depreciation moneys derived from operations during the period of construction, and from borrowings up to $7,500,000 under a bank loan agreement. Associated with Dillon, Read & Co. Inc. in the offering are: Blyth & Co., Inc.; The First Boston Corporation; W. C. Langley & Co.; Bazard Freres & Co.; Stone & Webster Securities Corporation, Union Securities Corporation and White, Weld & Co. day. The .•First pipe intge. in issuable due 1968 tPreferred $100 (par $5 100.000 shs. series more or None 4 $150,000,000. . STOCKHOLDERS—The SELLING chased from the corporation persons aggregate an ■shares of .sell sold from * 213,240 Nil Board *'• July on stated mail air used useful or rates final investment. be fixed only Hemphill, South Kuhn, Co ______——.2———— Finance Corporation—— Shore Loeb J. Starr Co & — Anderson C9iarles P. Bdward de Rivera Paul . F. can C. Willard A. Mnwocd " 6,200 United 5,800 Weld Co & 1,800 1,800 5,600 *26,250 ... ___ _ — UNDERWRITERS—The and stockholders Profit the number purchase from Name Dillon, of selling Lazard —V. & Freres whom to offered Net the hereby Period End. June 30— tNet 3.860,033 Net ry, Total Misc. 2,473,131 l,948,9lo : !- 61,063 ' $3,330,420 500,942 475,523 $704,115 $816,914 9,021 9,258 48,490 of the 1,417,583 1,363,104 $457,760 company announced 75-ton a week end. electric This $579,814 Aug. on furnace action of capacity. Forty idle perhaps others later.—V. representing and tAfter transfer a based from "Reserve for outstanding May United 1, have 4% for by $2,941,555 $2,365,289 will Operations— 12 that because would be raise *the employees will put of back concern's be recalled increase an into in operation output 55% to immediately and 169, p. 2321. application to extend 31, 1949, was filed *by Trans World Airline. C. * Douglas Dillon, President, "Calculating the investment rities , • Corporation securities ration, on TWA has and Los tween 15 Service from Sept. 30 through Civil Aeronautics Board with the New 345. operating daily Skycoach flights between Kansas City with four intermediate stops, since Feb. 7, and be¬ York and Chicago via Pittsburgh since May 31.—V. 170, - Union Bag & Paper Corp.—Earnings— Period End. June 30— Wet sales Cost of products Deliy., sell., admin, general 1949—3 Mos.—1948 "On June United market at market States and - , expenses 2,449,081 2,473,371 Operating profit $1,723,066 $6,104,406 60,600 . 101,717 Other income . value based prices at underlying on estimated fair quotations, the net assets of Secu¬ assets, value 5,049,175 4,848,706 $5,308,588 $12,156,430 168,787 corporation purchased Corp. after obtaining for cash from order an your corpo¬ at ties Securities the $6,206,123 $5,477,375 $12,470,971 92,386 114,911 219,359 267.604 640,000 2,270,000 1,970,000 Cr40,000 200,000 30,000 380,000 Depreciation & amort, income & $1,091,280 1,488.498 $3,621,212 $3,258,016 1,488,498 1,438,298 $2.44 $2.19 $4.90 508,306 427,317 '995,043 831,794 the second aggregated $374,997. directors have authorized The ment in shares such of corporation's amounts H-511 araipany Described UBABOND, makes now as synthetic a possible "magnetic' 'in ***»? be joined together at point -—V. a of rubber developed by and at officers to precementing of many materials. behavior, the precemented surfaces later time, on an .assembly line or even its use, without loss of adhesion efficiency. r Union Electric Co. of Missouri—Permanent Debens.—Trust Co., may be exchange for permanent 16 Wall -Street ^17Trpr24VCa0Smi2rCe Bank & TrUSt New York N and from for time Realized "Net by the Land & Securities U. of the by Profit COMPARATIVE INCOME 6 Months Ended June 30— Cash dividends Interest 1949 1948 1947 $754,269 i 925 2,125 $785,206and other $756,394 stock capital income $668,985 Dividends on on second first pfd; 'Surplus Common for Y C°" trUStC®' St' Louis' M'a'— 244,997 to qualify for tax outstanding_ 985,000 share realized "regulated a $264,675 provision net 985,000' $0.30 profit to obtain exemptions under certain issued by the Commission company," taxes profit on on the $20,670,633; at investment cost first preferred 000,000; 50,000 $6 second on 104,039 100,943 .24,391 taxes__T__ 15,062 / taxes_____^____^___ 34,000 31,000 $608,576 $531,922 500,000 500,000 $108,576 $31,922 a $658,008 first of net pfd, stock__~___" ' 500,000 > realized realized "regulated a provision for profit sale on on sale investment Federal investments and of of investments taxes United in (indicated value ASSETS—Cash, States and L no taxes par preferred and value stock in In 1943 $147,000 in 1947. the corporation has made undistributed net ordinary on $8,018,415; JUNE receivable 30, •" 1949 for . , V v: securities ' $30,654,947. ; LIABILITIES—Accrued taxes and , ^ accounts payable, $82,069; $5 first preferred stock (without par value, outstanding 200,000 shares), $20,000,000; $5 second preferred stock (without par value, outstanding 100,000 shares 1, $500,000; common stock (without par value, outstanding 2,485",543 shares), $24,855; special reserve, $9,475,000; un¬ distributed net ordinary income, $165,598; net realized profit on investments, $407,425; total, $30,654,947.—V. 170, p. 2. ; * United States Lines Co.—Earnings— Net profit Number common on , P. shares— common NOTE—Net taxes after ;' v 1949 after charges & of Per share has International $9,674,469; $236,755 of sold, $1,078; $104,581; securities, at cost (indicated value $22,031,821), $17,735,435; investment in Devon Securities Corp., at cost (indicated value $4,826,564), 4% non-transferable note due June 30, 1951, $2,795,438; capital stock, 20,000 shares,- $2,000,000; total, 1948 $3,541,000 1,502,600 ; preferred $1,548,000 1,502,600 $2.34 — $1.01 divs earnings for are both periods include operating differential before provision for possible subsidy recapture.—V. 169, ! 2GC.9, Universal Laboratories Inc.—Earnings— CONSOLIDATED $14,705,0001, $5,649,414 of of investments company" income ——:—. « $158,008 realized net loss profit • ^ income on 15,952 1 :' ordi¬ - Consolidated EARNINGS .FOR operating loss and nonrecurring QUARTER ENDED — Nonoperating JUNE 30, 1949 $750 — expenses——— 28,611 - Se¬ total, Consolidated loss : —•—__ ' 169, p. * 2535. ; . - ^ $29,361 ^ J accounts payable, $47,100; $4.50 (outstanding 100,000 shares), $10,(without par value—outstanding shares), $50,000; common stock (without par value—outstanding 985,000 shares), $98,500; general reserve, $4,950,000; capital surplus, $650,422; undistributed net ordinary income, $748,212; net realized profit 2,250 $638,261 126,008 net —v. stock, 1,875 $762,567 Dividends1 receivable, ASSETS—Cash, $471,712; receivables for securities sold, $1,078; divi¬ $106,116;. securities, at cost (indicated value $30,765,- Corp., $30,924,008. 1,897 ~"t BALANCE SHEET, dends receivable, curities v. -.. 1947" $686,011 $799,078 other & income . -.>■' : $760,692 ' . $0.19 net ' • 1948 income. S85.000 corporation undistributed & Invesfc- 1949," 28, $797,181 franchise JAs no in 1949, investments. S. invest¬ the of 1949 ; •Exclusive and BALANCE SHEET, JUNE 30,-1949 385), "regulated a sections June on ; subsidy but income realized ' U. s Federal 150,000 $0.27 to v: i-. $191,861 investments of $303,104 on investment for Federal on 224,997 ' as purposes 6 Mos. Ended June 30— $226,843 in 1948 and $767,468 in 1947. or 150,000 $293,988 common •Exclusive of net nary income 244,997 150,000 pfd. stock period shares per stock $566,858 delivered and ' 20,829 $639,672 1 certain of carry out the transactions with United States & Securities Corp. and with Devon Securities Corp., it was 'Surplus for period 102,887 20,250 prices to were •Net $690,574 96,472 16,090 taxes included two-year 4% note in the amount of $2,795,438^ Corp., is a registered non-diversified investment com- expects order ■, ; 2,675 100,131 Expenses State franchise market current dividends State » •' $687,899 . Investments" on Int. & at / Expenses . $783,281 — — to a Total time ACCOUNT discretion more to the United States & Foreign Sec. Corp, It also Included Co., S. sale issued Corp, Corp. Securities Dividends owns approximately 99% of the second preferred approximately 80% of the common stock of United States & International Securities Corp. give current' market prices on June 28, Petroleum Corp., and 22,500 shares at Exploration parent realized sale Amerada Interest— retire¬ to to company." Cash such LIABILITIES—Accrued a«w^»0raryf "{u d®bePtures due 1963 debentures at the Bankers restriction in shares of Corp., and 1949, purchase preferred- stock this 30, * ■ . the first of Because Company Act from the Securities and Exchange Commission. Accordingly, applications were filed on May 24, 1949 and 'exemption made were this the 163, p. 356. this 6 Months Ended June 30— corporation made no Cambridge, Mass. cement of $9,475,000: 90% of its net ordinary in¬ 1948, and therefore could not take being taxed as a "regulated investment COMPARATIVE EARNINGS STATEMENT stock and NOTE—As Union Bay State Chemical Co., Inc., —New Product— The realized 17,500 '' prices as they may deem advisable. No during the current period and future pur¬ chases, if any, will be reported to stockholders in the quarterly reports of the corporation. ', ■ •Earnings to —V. 170, p. 345. than not pay in ment 31 and on June 30, quarterly dividends were distributed preferred stock 4n the amount of $1.123/2 per share and on preferred stoclc in the amount of $1.50 per share. These $7,273,367 1,438,298 $0.73 _ June on March the first Dividends, deplet. charged above or 1 . On on •Net Net., income -Capital shares outstdg. Earnings per share benefits remove directors of Sec. orders .... 4,550,000 income to ' Ex¬ and Corp. 314,541 $1,783,666 _. less could 1947 to Devon Securities Corp., which was incorporated on May 1949, and is a wholly owned subsidiary. In payment for such securities, shown in this report as owned by Devon Securities Corp. and having an aggregate market value of $4,794,438 on June 28, 1949^ closing market change Commission permitting the transaction. This purchase^was a part of the program adopted by United States & International Securi¬ Total income the Of A necessary * Gross contains in 18, "In :: has securities ment and July on years in either of those years. an the 28 ' . recent corporation dividends of Foreign International & prices 17,500 shares of Amerada Petroleum Corp. and 22,500 shares of Louisiana Land & Exploration Co, from United States & International The 1949—6 Mos.—1948 , $13,047,215 $19,076,336 $28,831,195 $38,462,603 sold— 8,875,068 10,498,559 18,473,432 21,457,467 — in Louisiana Int. allowance such purchases • • 22 said in part: * ( been prevented from paying class of stock junior to its First Preferred Stock by its charter which prohibits such dividends when its Reserve" board Devon for state and municipal taxes on unrealized indicated value on June 30, 1949, of approximately $45,896,191. No allowance has been made for federal capital gain tax on unrealized appreciation, as the corporation is a "regulated invest¬ ment company" aiid expects to be relieved of that tax on such future realized investment profits as are distributed as capital gain dividends. dividends been Angeles - p. Aug. President, in any order Devon July 22, said in part: in indicated quoted securities after its at without other Securities its Skycoach on i States & Foreign Securities Corp.—Earnings— . An :•) & $19,977,658 $21,558,097 ^ Dillon, on as "In of on 1,299,932 2,205,677 ; ; ■ Securities - gold Power 6,959 /. . corporation provision 1949, wartime trust '■> 4,537,945 2321. p. Douglas j! pany United J • stock , Transcontinental & Western Air, Inc.—Asks Skycoach Service Extension— : A Dec. 169, Investments." *: United redemption inventories —— $1,622,964 JNot Called—/ collateral (guaranteed called 86.100 6,959* regard-to the payment of dividends, the 1949, increased its "Special Reserve from $103,101 to $9,475,000, by crediting it with $1,000,000 of Undistributed Net Ordinary Income" and $8,371,899 of "Net Realized Profit on • Railways 1899 been 3,983,000 73,000 . 4,822,688 the $0.18 169, p. 2036. 3,753,000 surplus corporation ' J$508,246 charges. 1,517,987 2,840,000 company" 2,303464 out¬ on and taxes 1,073,754 1,262,734 taxes ($100 advantage Jan. 1, 1950 100 and interest. Payment will be made at the Land Title Bank & Trust Co., Philadelphia, Pa.—V. 134, p. 2722. all Timken Roller Bearing Co.—Increases The stock. 17,000 868,411 - company——'- preferred cumul. come - $0.11 Franchise $3,500,000 225,000 accounts..— mortgages___„__^.__ ' requirements, -common dated appreciation, had orders, V ; State insurance money "Special at 50,958 227,842 170, p. 248, -this $335,673' __—$291,796 to portion) (current accrued York restriction, the 15/47 1948. . & 200,000 a , Subs.)—Earns. (& 1949" share—$0.09 dividend of Transportation Co.) $4,355,677 $3,831,362 237,334 income 12. p. ' credits dividends dividend $3,880,154 90,680 charges Net —V. 71,073 9,807 $726,234 deductions Fixed shares Stores Corp. 30— taxes.— common preferred certificates 3,502,851 1,227,070 80,620 '_ after pgr June United Power & Transportation Co.—Ctfs. All 28,709,553 24,699,925 284,281 304,246 - income 1949—6 Mos.—194$ 5,170,649 170, New $2,688,014 $623,495 Income then outstanding.—V. - 4•"•••":v. ":/■•:•.s:. $2,700,000 & "The *$2.46 , after and 190,849 200,000 C. 468,283 ^ $2.63 outstanding 267,044 185,181 »'• company moved $2,079,790 936,56G< 1 3,451,024 , United States & International Securities Corp.—Earn¬ ings for Second Quarter—Dividend Restrictions, Re¬ 1946! $2,463,907 $2.5.4 shares and postwar contingencies."—V. 149,352 income- oper. *After $6,495,217 $31,801,619 $38,102,536 10,927 $2.75 Operation- '551,013 Jt. facil. rentals (net Dr) Other profit Ended including $106,250 \ / common preferred stock on Months •Earnings 26,500 ■f $5,394,820 __ 951,565 United Cigar-Whelan Six ,- 1949—Month—1948 Operating revenues Operating expenses Ry. tax accruals -Equip, rentals (net Dri- $2,418,002 951,565 " 1 3,349,776 246,327 charges for —v. ■ $4,010,813' $3,385,126; 1,546,911 1,305,336 1,518,775 2.393,869 7,706,466 value nom. surplus—reserve V; Union V subs.—at reserves)_______ Total , standing ■ (less deferred- payable Boeing 1947 $2,657,907 — share 936,566 on requirements 170, p. 535. 1 1,665,804 outstdg... per com. *Based Shares Texas & Pacific Ry.—Results from the 2,318,798 Earned ; ?■; (& Subs.)—Earnings— 1948 $4,323,711 ' $3,936,777 taxes—,, — shares Earnings 26,500 — income profit Com. severally agreed to follows: White,',Weld & Co European 6,584,500 6,326,511 ppr)2,840,000 Common stock ($5 par)_____r_._. 1,299,932 Capi'y",l surplus ______—' 2,205,677 the company from ! $964,344 6,501,438 . 4%% " 1949 charges.:. > Corp. .1 26,500 Securities Corp.— 26,500 26,500 Co ; ' Name Corp 26,500 Langley & Co.—1 26,500 C. ' has as are after Federal Stone & Webster Securities 33,125 Blyth & Co., Inc First Boston W. which each Shares & Co. Inc.— , common J stock thereof stockholders, — Read "The the shares selling the ' in r < „ June 30,*49 Dec. 31,*48 reserve Appropriated ■ sold privately were underwriters the of names are order on SHEET *•' assets payable Purchase 218,625 250,750 — •Of the shares originally acquired, 30,000 shares by White, Weld & Co. In April, 1949.. " • .selling Stratocruisers 6 Mos. End. June 30— 13,125 V BALANCE reserve). (less payable: Deferred , Mainliner seven United Biscuit Co. of America • 5,600 62,500 ( Total has 63^750 —$19,977,658 $21,558,097 Income March,' in $632,689 • .v ; Insurance !l _____ (less accounts and Accounts Airplane Co.—V.170, p. 599. • White, start 62,039 ■ , Banks 15,800 62,500 Jr : Corporation——:———_ Securities jvill Enabling $231,492 'v", ■ LIABILITIES— Notes expand DC-6 service to additional 'cities along its coast-to-coast, Pacific Coast and California-Honolulu route, Mr. Patterson said,- . • ' In addition to purchase of the new DC-6's from Douglas Aircraft, 2,500 6,200 Ogg———a————— Warren, Union Delivery total of 44 DC-6's, a 15,800 — accounts trade property - '• ; \ •j directors. of 15,800 ——t— —,——*— — board 419,355 $1,049,626 other '•f to -4.300 j 2,500 Unlted's 226,364 142,005 " 60,350 i;' Total of They will give United Crl08,827 ' Plant { approximately $4,329,800, It has been anA. Patterson, President, following approval of the pur¬ by W. by '1950. 4,300 4,300 ; chase 6,200 , 224,407 240,288 CONSOLIDATED , Prepaid v at nounced 62,500 ' : 6,200 . 4,300 ; _____ — Langley Lynch C. Henry P. , $1,278,408 '$224,393 *■ ' Total after fleet cost 287,578 $597,904 dividends Investments - Douglas DC-6 Mainllner 300's will be added to United Air a : 370,093 cents more Lines' 374,027 (estim.j Inventories , Five 3,000 62,500 -----;— —L Hay William ' • 6,000 Jr.———————■_. Goodman H. ' _____— —— Berdell, John 31,000 Noyes & charges foreign inc. takes Instalment The - comprehensive analyses. Mail revenues in 1649 average 65 ton mile including lump sum payment of $199,938. To Add Five Planes— , 104,820 $1,565,986 prop. income Note P Presently Being Sold 25,000 194,777 $967,997 •$92,932 physical + and -Other Shares Shares Owned v $1,461,166 Cash purpose,; of establishing the temporary rate for 1948, the cost grounding DC-6 aircraft late in 1947 and the early part of 1943 has estimated to be $2,000,000, and this cost, capitalized as develop¬ ment costv is to be amortized over a five-year period commencing June 1, 1943, The'statements of income for 1948 have been restated to reflect the capitalization of $1,500,000 of this cost in that year. ' 2,187,271 $773,220 ASSETS— For ' 1,936,637 $281,095 of income ' , 1947 with the Civil compensation. Mail 1, of i ' 1,928,793 * - •Loss.' temporary rate, were established to provide 1948 oily on a break even basis for domestic on exp. credits.240,439 amort, & Preferred The has Aeronautics 1947 $40,656 general income Gross Net 213,240 Nil $0.43 '.been , Name— income Income carry-back features of the tax law. return and operations....-; ' agreed to 1 have 1948, tCr347,000 $1.47 tCredits result in Subs.)— (& 1948 $9,940,775 $13,035,428 7,230,918 9,386,991 *$175,754 *$1,021,515 " 1 106,620 106,620 ' no per named below who pur¬ of 280,750 of the 625,000 privately in July, tCrl77,108 $910,134 more . aggregate of 218,625 shares. an stock common share. Civil from , - from Gross ■:? stock.. operations but including :*■ . . pfd. on Feb, 21, 1949. -mail-compensation be issued by the Board of Directors time to time, as provided in the Certificate of Incorporation of the Corporation, as amended. * tAfter deducting 140% shares of common stock held in treasury. the. Corporation Other Cr670,391 400,000 tCr89,044 $3,147,382, .... sold admin, Profit ance tShares of preferred stock may of Selling, revenues have been stated at a rate averaging 91 cents per ton mile for the year 1948 (including a lump sum payment of $2,902,000i. in accordwith temporary rates established by the Civil Aeronautics Board , be may of goods Corp. 1949 $7,352,228 .5,382,779 *$2,038,906 713,344 1 377,372 NOTE—The company filed a petition Areonautics Board for an increase in - one $365,482 12,506 $1,322,640 $3,435,710 (neti.. com. per "Deficit. . issued under the mortgage securing the bonds, subject to the restrictions contained thereiij. The total principal amount of bonds which may be out¬ standing at any one time under such mortgage is limited to in ' requirements - 4'/*% on i \2,205.011 63/104 shs. 3.000,000 share) per bonds •Additional 8,,971,136 . 26,096.535 23,,751,768 14,385, 814 15,636,150 $25,151, 562 $22,152,524 $42,808,852 $35,,797.497 42,443.370 37,,836,403 20,829,884 21,715, 852 income taxes—_ income 'Dividend : . - Xpar $60,000,000 $60,000,000 Cost Fed. Net Earns, ■ per _ stk. Federal , . . . — stock : deductions Hoffman Machinery ^ 3,,546,097 10,912.895 States sales. Deprec. Other . ser. — share) • Com. 3%% ser. * 2,927,935 5,135,599 ' Net inc. from opers.— , Outstanding bonds— line Net 4,,079,591 1,764,874 — Freight ton miles Revenue plane miles.. Operating revenues Operating expenses ' > 1949 Authorized 5,305,179 2,174.456- 5,715 ,244 • miles ton 2,709, 264 1,453, 489 miles ton Express new CAPITALIZATION AS OF MAY 31, United Six Months Ended June 30— 627,638,512 537 ,000,370 79.638,559 68,,260,949 —_ of capacity per Monday, August 22, 1949 1949—6 Mos.--1943 3949 -3 Mos.—1943 Revenue passenger miles 375,281 ,543 339,011,011 Total ton miles-—. 41,703,152 46,021, 662 Upon completion the entire system will include approximately 2,870 pipe line with 18 compressor stations and will have a total delivery CHRONICLE FINANCIAL & United Air Lines, Inc.— Earnings— corporation expects to line by the end of 1949. The through the gas with Ohio. Middletown, near deliveries miles, of gas COMMERCIAL THE (696) investments, $14,379,774; .total, $30,924,008.—V, 169, p. 706, Virginia Dare Stores Corp.—July Sales— - Period End. July 31— Sales —V. — 169, p. 1949—Month—1948 $462,589 1949—12 Mos.—1948 $524,538 $6,750,339 $5,670,272 2758. (Continued on page 49) . a COMMERCIAL THE Number 4831 Volume 170' & FINANCIAL CHRONICLE (697) Stock Record «» New York Stock DAILY RANGE OF PRICES i Range Since Jan. Y Tear 1448 9 per Leweet HlfhMt Lowest r, I per - 9 per share share 37 76 100 Dec 2% f per 18% Jun 13 *17% Jun 14 20 y* Aug 14% Feb 23% May Dee 46% 27% Dec 41% July 27% Mar 28 22% 14% Feb 5 5% Jun 20 7% Feb : 35 Jan Dec Jan 46 Xl8% Dec 99 2% Not 13% . Not 2% Feb 65 Ya Dec • Dec 100 Mar 90 Apr 14 2% Feb £5 3% Aug 11 75 1 17 Yo Jun -14 27% Jan May Apr 83 July Jun 6 May 165 Jun 15% Jun 14 25 y8 Feb 94, 83% Jan 8 25 y8 Feb 25 73 Dec 98 76 22 *25 Not . 83% Feb 34 ya Dec i 31% Not 3% Not 44 50 2% < Jim: 37 May 62% ' 83% Aug 18 31% May 10 3% Jan. 6 • 43< Apr 29 89% Feb; 3 6% Jan. Mar 68 Mar 51 Jan 4 20 Jun 13 ' 6 ■ 66 y8 Feb J 35 70 May 61% July 43% MaV 30% Mar 23 Jun 96% July 11 Feb : Not 111 10 y* % 6% Sep 3 Dec Jun 6% Dec 5% Jun 177 <28% Not <74 Not 21 ya Jun; Jun 3 100 y« V American 27 May 19% July 1 110 Aug 106% May 6 May 38 Dec Dec 39% Feb 15% Feb 8 20%i Jun Dec 22% Jun 14 81 Dec 94 Jun Oct Jun 99 33% Feb 25 43 Feb 94% Feb 107% 35 Ya Feb 3 5 13% 19% Dec 89-% 14% 3 58 3 37 Nov 77% Jan 37 Jun 17 Dec 43% May 34 Jun 13 3 % Jun 51 6 3% 7% Dec Jan Jun 63 Feb 26% May 46 5% > Jun 3 47 V* Jan 5 29 5 Ya Jan 23 7 79 Dec 92 Jan 73 10% Feb 15% Jun Jail 13% 16% Feb 1 Jun 108 12%'Jun 73 21% May 11% Jun 94% 76 Jan 10% May 4% Jun 24% Mar Jun 35 July 98 8% Dec f29 6% 11% Feb <80% Nov .'69% Nov f 12% Feb 162% Nov I' . 13 96% Jan - Jan 5 % 8 70% Feb 10 169 ; Jun 6 V ; • 14% Jan > Aug 46 Apr 37 41 Vsr Feb 13 7 125 Nov 25% Nov. 39 Ya Jun May 163% 35% Dec 27 10% Deo 24% 34% Feb 41 130 21V4 Jan Apr 17 12% Jan 25 158% 120 Jun 68% Jan Feb 115% NOT 6% Dec *33% Not Dec 90 76% Mar *5% Dec 144 » 16 Jun July 10 Jun 14 126% Jan American Jan 150% Jan 151 63 49% May 10 *117% Apr 6% Jan 3 56% July Jun 21% Jun 104 83 112% July 8% Jun 593/4 Jun Jan 6 6 6% Am 6% Jan 32% 18% 36 Ya Jun 14 Apr 8% July 6% May 2% Aug page 15% Jun 55 % Jan 46% 46% 37% 363/4 36% •36% 4% 4% 4% 4% 83/4 28 283/a 28% 28% 9% 93/8 9% 1 •17% 18 1 14 % 143/s 78 78 12% 5% 26 Ya 5% 143/4 * ». > 26% - 13 100 156 *39% 142 100 2,900 2% 19,600 2% 2% 55 54% ♦54 3,500 14,700 10 •36% 37% 363/4 363/4 4 3/8 9% 41/4-1 2,500 200 3,400 43/8 48 *46 «/2 28% '27% 9% 100 28 93/4 U 48 8,800 9% ♦98 3,000 « 104 *13 104 ,13% 13% 17% 147/8 15 Ya 14% 100 17% i5y4 15 82 80 81 •5 Vs ; *51/4 5% *27 y8 27 Ya 105 J ♦103% ♦103% 105 *6% 6% 6'% 6% 33% 33% 33% *33 123/s - 12% 12 y8 123/s : 12 101 101% 85% H 86 13% 13 Vs <•>'•• ♦J. 76% 180 100 . t 86 133/8 13% *176% 180 6% 12% 100 ♦176'A 73/4 8% 343/4 35 34% 351/4 33% 39 ; 39 ♦383/4 39 39 473/4 48 47% 48% 156% 1573/4 *30% *393/8 40% ♦142 143% *142 48 y8 157 48% 157% /: 483/4 1573/4 . 77/8 157 ' 40% ♦39% 403/4 *39% 143% •142% 143% ♦142y4 157 »/a 23% 233/4 237/8 23% 24 237/8 420 \ 26% 26 y, 26 YA 26% 26% 267/8 70% •149% 58% 120 9% 9% *124 127 18% 18% 145 145 70 7/8 70% 149% 150 - 58% ♦1197/a 120 7% 241/a ♦ 387/s 126 126 18 18% 145% 145% 71 71 150 150 58% 58% 120 120% 9% 397/1, 126 18% 146 71% 1457/a 150% 59»/2 1201/4 ♦1201/4 . 146% 59% 60 120 »/4 120% 1,100 35,000 6,000 151 150 150% < 72% 72 2,200 4,000. 100 18% 1453/4 72 » 40 127 *18% 146% 71% 10 39% *125 18% 59% ■J:>- 870 60 4,000 210 120% 7% 7% 7% 7% 7% 7% 7% 3,200 24% 24% 24% 257/8 25% 26% 25% 257/8 12,800 *81 86'/a ♦80 87 64% *61% 64 *62 6% *6'A 6% 61% 61% 61'/a v 291/4 •V 29 29% 271/4 ••<::. 27% 28 ■ V 29 *27% 34% 34% I *62% 63% 6% 6% *60% 61% 61% 627/a 29% 29% 29 281/4 273/4 34% 34% 34% 105% ♦104 105% ♦104 *50% 52% *50 52'/a 52 52 Corp_—10 217/a 22% 22 22% 23 24% 20 10% 10% *9% 10% 3 867/a ♦82 807/g 63% 6% 34% 3 *80 63% 6% 105% 3 10 9% 40% 127 18% 150% 867/8 3 93/8 40 •125 900 7% 7% 24% 58 •• 9% 9% 38% 38% 37% 106 2,800. 237% 263/8 144% . 220; 3,500 : ' 23% 25 y 3,700 •' 403/4 26% ♦18 ■i r 8,000 144 23% •123% 5 15,200 39 77/8 26% 9% 100 common—14 100 4.90Q ' 347% 38'% 23% 37 4,4§0 / 8% 7% 34% 157 ~ / 180 463/4 40% 100 -s 900 i-.' 45,800 13% 38% 157% 'vlv" 85 13'A . 200 1,000 .. " 85 . 110 ' ; 105 34 99% 101% 85 5% 7% /•■ 7% 39 6,300 200 ; 27% 27 . ♦32% *6 V 81 5% 267/a ♦104% * 7,700 ' 34% ; 473/4 142 13 *5% 101% < 180 83 12'/g 26% < 6% ♦793/4 13 80 82 ' 83 127/a •79 83 1,100 / 26% 3 9 173/a 177% 13 y8 105 ♦176% 180 73/4 ♦383/4 > 13% 34% 100 Mining 17 •17% 6% Copper 500 17 ♦13 13 5% / •" *6 - 34% if / 47% 25 W Products Co Inc 400 183/4 18% 13% *611/4 A P Shares 6 18% 17% *78 26% *104% 7% - :•>- No par Anderson-Prichard Oil •5% 6 47% ♦9f 104 13 83 263/8 6% ♦176% No par Andes 1,000 47'/2 9% 78 < *5% 105 ' • ;•/' <84'- par par com..12.50 $4 preferred No par Anderson, Clayton A. Co 21% 33 *32 32% 14% 17% *80 83 ♦80 par Anchor Hock Glass Corp < 600 10 y« 483/4 28 *81 A 7,600 < *17% 13% 78 12% ? 13 29% 3 *98 ♦13 104 14% 100 v ' 5 preferred 447/8 108% • 47 y» ♦46 28% 9% 27% 27 48 ♦45 47 9% 110 45% 108% * 45 109 4% 4% 47 17% common..No par 9% 49 v; 37% 48 •46 54'A 9% 8% 46%. •36% common—100 100 10% Aug 15 1 8% 47 -4; 1 Foundries—No par 24% Aug 18 24. 55% 523/4 ♦43% 133/8- 7 4 52% 8% 13% 13 4% Jan 523/4 1% 513/4 27 y8 <105% Aug 15 99% Mar 29 48% Jun 20 2y8, 29 35% July 26 Jun 2% 25 50 3 Jun 1% No par 25% Jan 60% 1% Cable Jan 46% Mar 163/4. 85% $5 prior conv preferred 62% Aug 18 35% Jan 35% Jan 16% 99% Woolen ♦53/4 183/4 16% 84 Inc 53/4 18% 16% 1% 300 1,200 the Week 183% 8% 2.000 18 '/a •alee fee 16 513% ,* 46% 46% Friday *18 STOCK 46 Yi Aug. 19 16% CLOSED 109 I per share 18% EXCHANGE *107% Aug. 18 16% 1% ; >■ Thursday ♦173/4 84 Tobacco 32% 109 9 per share •18 99% Sumatra 44% 109 32% 5% 6 6 6% 46 Aug. 17 9 per share Wire 38% : 9 per share •107 Ya 9 per share, Aug. 16 Aug. 15 9 per share 6% 45 LOW AND HIGH BALI PRICES Wednesday Tuesday Monday Copper Mining 14 see 32 y* Anaconda 1 14 22% Jun footnotes 31% 32 31% Anaconda 48% Jun 25% Jun For 109 7 May Dec 45 ♦108% 8 67 Feb 44% 108% *60% 41% May 45 Ya Jun Mar 44% 108% $4 conv prior preference—No par Amer Zinc Lead A Smelt com 1 7 Feb * 447/8 108% 99% Stores Co.. 46% 44% 12% Water Works Co 7% 4 Feb 8 77 12 preferred American 17 Jan 80 NOT 107 76% 12 American Viscose Corp 5% preferred 91% Mar 11 Mar 31 51 Sep 77 Y2 11% American Tobacco common 7 30% 98 77 Y^ 33% American Tel A Tel Co 5 Aug 19 38% Feb 2 4% Jun American 120 Ya Aug 17 8% Mar 30 18 Apr 17 30 ;25% Oct 77 32% American Sugar Refg 7% preferred ' 72% Aug 19 3 Jun 13 18% Aug 18 3 135 71% July 8% - 6 60% Jan 138 Mar :< 120 77 /•77-Z; 34% American Stove Co 40% Aug 18 1,000 *75 *6 preferred Steel 22% 22 1,000 77% 109 i ' • 21c 4,400 16 ♦104 Snuff Co com non-cum American 2 7% Jun 31% Feb 54% Mar 46% 7 27% Aug 6 6% 9 Jan 28 Jan 147% Mar Oct 143% Aug 3 American July 26 May 131% July 20% May 131 Jan 41 19% Jun 14' Jun ,16% Deo 116% Mar 5 221/4 ,, 70 *68% % 16 1 Co 22% 69 *18 cora.No par Razor 22 v 187/a 33% Safety 69 . 16% *46 —No par Seating 2,100 287/8 28% t 187/a ———.100 No Amer Ship Building Co No Am Smelt A Refg common—No 7% preferred American 157 3/4 Aug 15 11 142 Jan M0 Feb 34% Jan Jun 35% May 21 {., American 3 56% Jan 36 29 ♦16 Ya • •107y4 lOSVi •5 preferred 4. ^..No par Amer Rad A St San'y com—No par 7% preferred 100 8 Sep 4 17? 3,900 134% 184 16% ^ Light com—No par No par A $6 preferred 3% 94% 3 >1 94'/a 94%-, 185y4 29% 187/s •75 * 8% Aug 18 8' Power Amer . 30Q '2,900 187/a 100 News Co ' ■ 6% 16 No par Co 22 3% 94% 185% 69 •68y8 < ;. 287/s 28% „ 3 94% 186 ,* V 63/s; 16 Fdy Co com—No par Molasses 3% 3 93% 185 • 18% 100 preferred American 176% Aug 10 Mar 31 38 , 4%% American 7 6% Mar - 6 V4 16 ♦13 American Metal Co Ltd 6% ,6% 18 Ya 9% 3.90%. preferred 1,500 ' 6% , ' 45% *98 Amer Machine A Metals 33,300 9% 33% 101 157% 13 Amer Msch A <V *99% 19 28% preferred ,"33% •: 46% 15% 1 common ;-;I-9% 101 46 50 Locomotive 9% : 33%; 9% 33 y2 ♦99% 1,400 ; 109 No par preferred 69 22 10 com s 100 *66y8 *107y4 104 Aug 17 23% Jan -Jun Co 1,100 24% 24»A ; , 22 1 preferred 9% 337/8 ; 69 109 / Export Lines Ice ♦66 22 Aug. 13 A Leather com 65 19,700 ♦io7y4 Saturday STOCK 97/8 ♦641/, 24% 4,900, 42% " 1 9. 93% 22 700, 111 413/4 9% < 66 24% 69 33% 3%'/ :. 600 40 111 10% 65 24% 100 185 185 1,000 23/4 ♦37 413/4 6,800 i. 600 85 303/4 2% 1 ;. 112 9% : 65 < 233/4 997/s,,, V 3% ■M 93 y8 13 12% Aug. 16 86 Oct Mar YORK non-cum 7% 101% Aug 16 10 Jan Mar :i - ♦98 8 12 yo ; 93 100 July 22 6% Jan 22 28 139 * 100 Encaustic Tiling., conv 6% 303/4 Jan.19 Feb <31 preferred Co 65 'V-.':6»/4 ■'! 6% American International Corp.No par 104 83% Feb 16% May »■" 176 Jan 68 - 3% 3 Vu & Cable—.No par Chain non-cum 6% 20 Dec 46% Feb 6% 45% Aug 17 7% Mar 14 7% Feb 25* 11 Jun 95% May 86% May • 6y4 ..1 997/8 997/8 *99 Va 10 •66 87/» American 36% Aug iv 33«/2 *17% 82 * v' 65 69 ♦66 69 ♦65 24 -\ 23% 8% American Investment Co of 111 Jan •> ' No par 5 6% • •64y8 67 Ya American 10 16% ' 23% <67% 14% Apr.12 3 Feb Aug 102 4 32 Dec 35 Feb 22% Jun 5% Jan Dec * Dec 5% ; 64% 233/4 • •111 41 9% 30% 303/4 2% 12,800 96 < 29% *83 40 ■ ,41 40% 10 33% American Home Products . 7 : ;93 9% 64% . 111% 111%' f 40% 93/4 8% 18% Jan 20 3: Dec ; 40% 10 *37 32% ♦92% v.. 31 2% 40 287/8 32 83% *30% 2% 2% *28% 6Q0J 600) 17% . 30% 83 1,300) *16% 96 30 V 31 •37 111% 110 40% *: 23/4 40 34% 18% July 25 13' Dec 6 12% Nov 111% 40 23/4 68% 27 13 % Aug 22 Jun <72% : ; ♦37 8% American Hawaiian SB Co May 17 100 ' 14 Jun 26% Dec 95% 15% Mar Jun 19 ; *92% ; 83% ; *30% 31 68 Vs American Hide 9?/4 Aug 18 5 Feb 11% Feb 8% May Dec J 24 24% Jan 46 Jan ' 20% 32% 30 29% *83 83 .* 31 41 ♦110% No par Inc...—40c Amer A Foreign Power com__No par $7 preferred No par $7 2nd preferred A No par $6 preferred No par 4 Jun 5 283/4 96 *91% ,> 28% American 31 37% Feb - 293/4 823/4 2% 2% ♦37 Par 4 Jan 96 ?>>; 29% 31 ♦30% Colortype Co 10 American Crystal Sugar com 10 4%% prior preferred 10b American Cyanamld Co com 10 3%% conv preferred series A. 100 American Distilling Co 20 10% Aug 18 Apr 17% 283/4 32 200) 181 181 . 32 100; , *7% :V 7% ' ; -7% 181 *16% 28% k American 8 Jan v • *93% ; 83 ♦82% EXCHANGE 6% Jan 31% ,32% , 28% NEW 2% Aug 19 7 313/4 283/8 ; 28% American 35% ! 28% ; -29% 29% American European Secur 1% Jun Jun 17 28% *16% '17 *7% 181 181% 17 28 y8 18 44 Jan Dec 6% 7%, 7% 180% .100 American Chicle 1 Apr, ; : 73/8 180%' 1793/4 -•33% common 6% Aug 10 19% Aug 10 5 ;• *6% i "■ 96 ♦93% Inc.._1 Co 13% Jan Apr 4% May 1% Sep 42 , 100 15% Feb 24 Oct 19 Dec 6% No par t per share 4% Feb 28 7% May 14% Mar • 1803/4 2 com— preferred 7% - American ! 36% Mar 31 f per share 9 per share Jan 6% STOCKS Highest f per share 87 184% Hangs Sines Jan. 1 Lowest Highest Year 1948 < *82% 92% Co Can Rawge fir Previous Lowest 87 183 Yi v Aug 18 109 25% Jun 14 49% May 5 45% Aug 11 8 Jan *82% American Car A Fdry com—No par 7% preferred — 100 Mar 11 87 87 25 . 17% Mar 21 71% July 29 *82% 180 —50 Corp Shoe Co Broadcasting American 18% Aug 17 14 14% July 47% Aug 15 Jun 51 15 109? 87 1 10 Amer Cable A Radio Corp 11 82 ,22% Mar 30 1 Jun 60 Jan 18% Mar 104% Jan ";&?82%- .1 preferred., conv 7 Jan 87 100 : Bosch Amer Brake Aug 17 33% Jan';7 6 preferred American 186 172% Mar 17 Jun 49% 93 Allied Stores Corp common—No par 4% preferred : .100 IF' - ♦90% 31% 94% Aug 18 3 Jan 81 v- 93 17% 6% 3% Jan 2% Jun 13 02% May ♦90 % 28% preferred 5,700; 19% 19 94 313/4 common.., 500, 75 *72 19% 1,300 527/s 52% *90% ♦82% Mfg common-No pal preferred 106 50 16,000 92 28% conv 3 3 , 75 200 : - •90% .16% Airlines 3% 3,900 16»/s 70 19% 5 cum 16 91 No par conv :> 3% ♦69 53% 19%' 107 3% 71 ♦72 19% ♦103 16% , 5,800 22% 223/8 19% 1 : 2,300 47 *46 3% 52% 71% 19% 19% 19 71/4 7'/a 73/8 3 52% 71% 72 •70 3,700 3%\ 3% 52% 53 18% 23% ♦69 3% % 4,900 18% 91 No par ' *■76% Feb 163% Oct 72 ♦70 gtd__100 — 3 * 52 •>. 500 34»/2 107 ♦16 69 3% 53% -,. 2,400. 40% 18% *103 16% 3 20% 34% 48 *15% s 19% 40% 7% 107 69 3,000 34% 223/4 22 % 3% 3,; 3%% 10% Jan. 1 / :3% 20 40 •46 48 20 1,100 20 20%. 3% 16% 52% 7% 7% 22% 6 9 3/4 10 Jan 104 18% ♦103 ♦15% American Bank Note common ' 103 183/, 18% . *68% 14 Jan 34% 3% 693/4 American 10% Mar 29 *7% Jun; 29 31% Deo < 107 *103. ': 16% i' 24 ya Mar 31 • ; ♦68% - 10% July 22 67% July 26 10 3 40 34% ♦46 ♦15% common Alpha Portland Cement. -No par Amalgamated Leather Co com. 1 8% convertible preferred.. 50 Amerada Petroleum Corp No par Amer Agricultural Chemical-No par ' 111% Aug 17 • 42% Aug 19 : 7 20 40 22% ^_5 SV*% 31' Jan 107 22% 3%"-3% 4Ya% AlllSrChalmers 30% May 12 3 14 34 Ya Jan Jun \ ' 29% July Not <18% Mar 58% .x Jan 121 : Jun 26% Jan Oct 6% May , 6% Oct 47 Jun • 20 ' Aug 11 , •103 100 10 Ry_ Mining Allied Mills 32% Aug 18 * 25 Jun 42% May 91 20 ♦34 48 •46 22 % Chemical A Dye Allied Kid Co 28% Aug 18 Dec Inc Gold Allied " 26% Vicksburg Juneau Allen Industries Inc ■ 1 18% Feb 19% 7% .7% 48 22% No par Allegheny A West Ry 6% 10 188% Jan 24 24% Jun 15 Feb Mar 12 8% Jan 7 A Inc 7% 7% ♦46 —50 w~. w Allegheny Ludlnm Steel Corp.No par 84.50 conv preferred No par 17 13 Jun.16 Jan Mar preferred Reduction ' 93% Feb 21% • . 7 * * 1 Equipment com—1 preferred ww 100 Allegheny Corp common l 6%% -preferred A 100 82.50 prior cony preferred-No par May 13 104 July 12 90 34% May 37% May 25 $3 Aldeng 64% Jan 24 16% Dec 81 v Alabama 53% Aug 11 ' 25% Dec • Air 4 . 19% 18% 9 May 11% 18% 2 . Mar May 198 Mar 18% 70 34 96 7% Dec *171 18% 16 y2 Aug • 15 40% Feb 25 .58% 109 34% ; 2% 2% 40 34% CLOSED 2% 2% 20 ♦38% 34% " 64 75 Dec 23% < 19% 39% , 2% 3,700 102'/s 40 20 33% 1 No par Shares 45% 102 7/g Xl9% 19% the Week 45 45% 20 19% 19%. Alaska 2% Jun 2113 y« Feb 19 3% Apr EXCHANGE- 20 •alee fee S per share 102% ♦98 2% , 39% 103- 4% May Oct Dec 37 . 193/4 STOCK 3/s 2 2% 102y8 *98 - Admiral Corp Affiliated Gas 23% May 16 Aug 10 9 4% May : 21% May 80% Jun Dec 65 3 97% Mar May 2% 2% —10 Co Express Co 47% July 13 : 18% Jan 27% May 108- Not 8% Apr - 102 % 44% 44% 44% 44% 43% ♦98 Addresaegraph-Multlgraph Corp_lo ' 20 y» May 17 May 25 102% Friday Aug. 19 " Aug. 18 9 v*r share 9 per share t per share- 45% ♦98 Adams-Millls' Corp 7 34% Aug 18 - 44 No par 2.50 Thursday Aug. 17 Aug. 161; 9 per share 9 per there, Wednesday., Tuesday ... Aug. 15 ;/ ; 5 Co Motor* Steel Acme 11 41% Apr - 5 Par Laboratories ACF-BrHl 21% May 26 35 - Abraham A Straus 7 3 Va Jan Monday Aug. 13 :• 7 102% July 2 16 Saturday ' there Abbott ? LOW AND HIGH SALE FHBCM STOCK, NEW YORK EXCHANGE 45% Aug 18 14 May 1% Jun Jan ' . Hlgfcee* thare Jun 70 May 6% Dee FOR EVERY LISTED ISSUE k < STOCKS luct for PntIms Exchange WEEKLY VOLUME OF TRAM YEARLY RANGE OF SALE PRICES r 13 *10% 3 105% 11% 3 *28 6% 200 65 Ya 6% V 2,300 62 7/8 - ' 270 29 Y* *61 9,000 28% 35 430 2.100 341/4 35 ♦104 105 % 105 105 110 *51 52% 51 51 200 247/8 24 24% 23,200 11% *9% 10 y2 100 *2 3% 3% 341/4 24% ♦10 27/g 3 50a 14, THE (698) COMMERCIALr & NEW "24 Nov 89 Dec 6% 101% Dec Jun 35% Aug 18 Armco Feb 95 Jun 15 5 Jun 13 7% Jan 8 7 77% Jan 10 41% Feb 56% Jun 38% Jun 13 Jan 99% 94 Jun 22 99% Feb 198 Nov 105% Jun 15 13% 11% Jun 115% July Dec 18% 13% Mar Jun 19 May Dec 111 87% Dec 106 Jan 35 95 87 Jun , 84" 13% Dec 19% Dec 40% Aug 18 Jun 14 105% Jan 14" 103% Jan 24 ' Jan Jun 114 91 • Feb 99 Nov 25% May 64% Apr 20 Jan 42 Jun 48% Aug '.Jan 100 Oct 99'' 24% Jan 16 Dec 9% May 16% May 114 Sep 20 4% 12% Nov 4% 4 • Jan Feb 7% - 34% Jun 4% Austin Jan Conv 24' >: 7% Jan 14 7 44% Jan * Co Automatic 47 *99% 110 V- Av lio ; * 14% V; 61 % *60% 61% 500 48 48 48% 48% 900 99 % *109% .'14% •: 99 Va 110% 14% *14% 9 Va *8% 9 V« 14% 14% 100 39% 86% 87 v'- 101 11% *96% 98 96 97 40 Va 40% 40 % 40 % 4,300 87 88Va 88% 88% 87% 88% *100 4,200 101 '/a 101 Va 300 / 101 *83% 85% *83V2 35%, 35% 109% 109% 35% 35% 35% 109% *109% 109% 99% 99% 12 12Va 35% 67 36 Va *65% 85% *12 83% 12 *83% 2.000 67 - *83% 37 85% 36% ; HO 1,400 25% 35% *65% 85% x36% 109 Va 100 12 36 67 *65% 83% *101 12 Va r 36 67 100 • 101 Va 101 Va ; 36% *109% *109% 100 37 10,000 109% 99% 99% 23%' 23 23 % > 23% 23% 23% 23% 23% 50% 50% 51 51 51 51 50% 190 23% 51 23% *50%' 51 100 *105 106 *17 18 2 6% •105 *14% >' 14% *5 12% Mfg Corp (The) common_r-3 $2.25 conv preferred No par 5% 5% 35% 35% 5% *17 106 % *105 18 - 260 106% 18 , 18 6% 6% 6% 14% *14% 15% *14% 40 100 6% .',71,500 , 15% 500 5% 12% 5% 5% 5% 5 3/a 5% 7,100 12 V, 12% 12% 12 % 12% 2,500 5% 9,300 35% 600 5% 5% 5% 5% 5% 35 Va *35 510 3,200 > 12 Va ,5%. 12% 106% 18 14V 14% 5% „ 12% 99 V8 v-N 6% 63/ / 99 * ' $% *14% 5'/4 5 100" 99% 106 ! 17 18 0% . 106 .10$; *17 - 0% 200 2,500 *101V2 12 5c 104 % 9!/a 40'/a 35% ". ($1.20)— LNo par 101% 600 15 96% 12 No par 15 9 Va 102% 35 V2 99 14% 39% *65% 99 15 9Va 15 103, 35% 35% *35% 35% 5% , ; 35% B 13% 16% Jun 11% 15% < Feb 1 13% ' Feb 60 Feb , ... 1 40% Nov X20 7 Dec 36% ! 30 >10% Nov ' Dec Feb 9% 21 Jun Baltimore 22% Jan 47% Jan 3 21 % Jan 7 6 41 4 Jan 4 49 87% Feb 25 96 86% Dec 12% Apr 27 Jan 69 Mar 6% Jun 25 : Beck Shoe 21" Beech Aircraft 27 % Jun. 30 32 % Feb 4 Beech Creek 30 % Jun 37 * 16 / 16" 10% Feb 14 ll%Jutl 14 26% Dec 9 Nov • * 1 Bell 18 98 13 6% Apr 13 4 26% July 87% Mar 21% Feb 24 25" 73% Jan. .4, 93 Jan 28 23% Feb v 26% Jan. , 7 Best - 7% 2. 11% Mar 11 , $ per share ' 13 ". Dec 4 .36% July 19% May 14% Sep 17% May Feb 9% Dec , 1 4 32%Mar 30% Dec -i 16% Dec 96 42% 87% 4 • Feb Nov 32% 1 96 6% Nov 26' 4 1 Dec 25 - 5 15% Mar , - ■ 8% Dec Feb 90% 1 27 4 7%- Dec • ' Mar 65 30% ' Dec 16% 98 Sep July 9; Aug Dec 97 95 Apr 12% Feb , ' 16 Jan Feb 27% Mar 1 52 Jun 1% Dec 5 Dec , 21% Dec 9 . Nov 101% Nov 37% f Dec 14% Mar 10 Mar 38 Mar For . . "Vy.., 13 Jan 10, Jan 6." 103 Fsb Brown & Brown Shoe 32% Aug 100 5 . Co ' 4 Inc 34' , Jan May 70% Jun 94% Aug 19- , 36 Jan 73 7 6 Apr Jun 14 9 x97% Jun 13 121 , 60 8% May 31% M$y 3 Feb Jon May *19% May 19% May 47% Dec page 82 7 Jun 13 98ViJun 20% Jun 1 13 2 16% Jun 9% Jan 100. Jurt 3 24 t 35% Jun 27 16% Jan 8 10% Juri 13 40% Jan 5 24 Feb 2' Jan • 27 1 25 » 24 7 j .100 .--100 No par 1 46% Aug 12 7% Co preferred x 2—1 Copper_--__5 Campbell W & C Fdyl—_i_N0 par Can Dry Girtger Ale fconi—_1.'66% $4.25 Canada conv preferred——No"par Ry Co .TOO Southern Canadian Breweries Ltd.i ' Canadian Cannon pacific Ry Mills __Nopar __25 No par *132% 25Va 253/a 133 133 24% 24% 24%.- : 10 Vj,/ 10% 10 Va : 11 39% 1934 23% 23 Va 54 55 22% 18% -;,18Va 43% 44 • 48% *132% 25: 1,700 103i 1,400 Friday *31% ;• 32 Va 8;' 8 r ,.>-59 24Va .,24% *25V4 27 .V *103 Vt 105 30% •r 27 31 i: 93a V 31 9% V .*32% 323,ir ',*98% 99 Va 17 •; 17 16 V« 123 i" i f 123,/, 9% 9% "69 *31V4 , . 14% 33% 14% f 4 19 ;v / ' r 4 Va ; • *36 11% 37 Va 32. 32V.'.., - Va 8 8 Va *38 39% 7Va 7% 24 Va *8" 900 39% 7 Va <■ 24% 25 24Va 26 Va/. 263a 267a 27 Va 27%v 27 * 1,300 243a 26% 27% 273/a . 103% v *103% 31% * 103% 31% 31 93/8 X9% 103 Va 31 Va 9% 2,700 2,000 < 31 Va 2,800 9Va' "9% 32% 99% 99 TOO 17V'a 17 17 17% 163/a 16% 16 % 16% 6,900 17% 16% ' : *32 Va 32%,: 1 '32% *98< s Va 123 9% 68 31Va : *121% 9% *30% 9% 94 94 14% 15 7,900 1 30 123 13,300 68 Va v *31 , » 31% 100 94 V4 600 15 1,100 18 Va 87 Va 86% 86 Va 86 Va 86 Va *80 82 80%: 80 V2 *72 Va 80 14% .. v' , 14 3 a' '' , 14% ._ ' ' 14% 8 14% 8% *102%: *4 ■ *64 23 11% 1% . 4 11% 37Va 18% *18 13 Va 13% 13 46 Va 46 Va 37% 4% 19%;« <14% 14^a 101 32 Ta 11% *100 23% 54 17%' r 8*4 *102% ; ' ■y'"7 40 8Va ."5.500 1.800 103 23 101 32 3/a 33 *32 55 4 3% 4 17% 11% 1,800 30 " 32% 54 500 900 20 1 Va , . 1% 3,800 4' 4 2,700 - 17% 18% ' 11% 1,900 23Va 54. 1% 730 4Va 101 *100 *23 1% 11% 64 2,400 20% 43a '• 20 *53% - 7% 64 '' 7 23% 1 Va 17% 7% - 20% 54 *3% 17Va 106'a4 22% •1 Va • 600 8,300 80 64 Va 4Va> 19% 32 Va 55" Va 17Va > *64 ''-.7%: 4 Va 1 100 4 32 1 *53Va' 19% -7% : 65 4 %■; 101 - 7 200 82 14 Va 8Va 8V«, " ♦102%- 103 V 103 .'7.% 7%-. 4 Va •sl8Va> *22 *105 *80% *72% ■; • • V: 65 - so >7 " 8:i: 103 7* 7 Vat • -7% *72%"- 420 15T • 34 V 5 94 Va 15 Va a 700 ' 10 > 68 31% 94 14% i, 80 7 ' 68 «/a' 4 100 32'/2 100 ' *121%- 123 9 7/8 69%; > 17% . 3,300 103 Va 34 80 170 ' 7% 26 *93 82:. V 300 .,v 8% *38 7% 18 Va 32 '>■ : 300 7. , ' 39 Va *30% ,'4 300 1% 34 18% 46 Va 32% 5,700 98 Va < 17%/: 4 106 V4 *31% *1% 34 4 1134 483a 48Va *96 Va 2 18 1 *105 49 Va 97% 2 33 3 101 - 54% 4y« 48% ; 3.000 I7T« XV4.--.IV4V *17%_. 17% > , 2,100 43 Va 33%; 18% 32 Va.. 32 Va -*53Va 1 8 43 Va 44 97Va , ,2.-' 32 Va ' 1,420 V *86', a *7% S- 101 22 Va 44 97 7 f'570 / " 49 3a - - V *64 19 Va 22 Va 18 *102 '• 7%- V4 44 9% 33 Va *80 % 65' *100 18% 68% V8 *72 "a t *73,a'i' -8%V V *101% 103 + I 14 17% 80 7% 18% *121Va •; 94 Va - 33 Va '83% *64 22 : *86Va e8?% 87% 1438 54 21Va 19 16 .31% *93 •>., .17% : *72% - 31% i 17% ->*80 53 Va 23 *32:/ff 69 Va 14% *86%. , £ 54% *17." 9% 69% 93%: ,*33 < ;-r 9% 32% 900 *98 Va . v 16 Va ;-1- 16% >121 Va 121,% » 69 23% 18% " 16% 3,300 23 Va / 20 Va 21% 9% 17% ■ - V. 9%. 323'a 99% *16% 20 19Va 54 30Va *32Va 500 7 ' 18% >*103% • 6,100 ; 39 27% 31 *98 > 11V 8 *37 26''" • 2,300 11% 23 24% ■> Va *103%. 103 % 9% 100 13% 55 1 24 Va 27 Va 24 39 V 25% »..'26 27% 24 *7%'; 8Va 24% "26 V, 24 38 , Shares 26 11 Va H 20 *1% •?% 7% 20 32% *37% '■ 7Va *25% 13% 11 11% 38 20% * 97 / •, 32. VV'.; •8Va 39 *7 *ll'/a . : • ' 40 48% • ' •" 26 for the Week 43% 2 32 •25% g»lea . Aug. 19 t per share " 18% 97' *134 7 500 - 24 V a 54 44 Va ,*96 2 133 21,800 10 Va 22 Va : / 1,700 2,900 27 Va 24% 19% 0 48% / 49 Va "98 *134 > V 25% 29 10% Thursday 26 *38 ; 26,500 28 Va V 133 23% 24 18% • ; 100 300 2Va w ..25 Va Aug. 18 •11%' 11% S 11 Va : 193/4 , 2 Va 7 .27 X per share *25% 1,500 >7,7 ,7 100% 24 % X per share -• 13,200 lOVa - Aug. 17 24 4838 50 j Callahan Zinc-Lead Calumet & Hefcla Cons : 133%. .7 -v , ; 53%:- *96 v, ( No par —; 28% 28 43 / No par participating preferred—100 5% 6. 18% Aug 17 14% Jan, 7 Copper & Zinc-x-i— Byets Co (A M) common California Backing common—No'par ' 22% Jan 10: 12 % Feb 4 109% Mar 21 May Butte Byron Jackson 61 41 1 .-100 Bush Term Bldg 7% 'preferred—1-00 Butler Bros common— ->_15 4%% preferred 1 —100 «- 7'* 5% Jan 7.. — Bush Terminal 4 1% Jan; 3% Jun 27 __5 ;__ common Burroughs Adding Machine 36% Jan 20 68 Apr' 18 2 Inc Feb" 26% Jan Feb 26 May Co 28% 27Va 18% 93 Va May 14; 24% Jan 104 Watch 28 V« 27% 22 % ; -,,14% preferred» 3%% conv 2nd preferred 3%% preferred * 25' 27 23% -51 • —No par 4% 2%X7 25%: 28 Va *38 20% pfd-i-JOO Co Burlington Mills Corp * 4% Mar 30 - 10- Jun 7 Feb" 10 9% Jan 1 17 15% May 44 Jun 13 Bulova - AUg 12 77 Feb 10! 16% Jan* • 7* 6 7, : Bullard 11 82 14' 6% Jun ; 40 *233a .. 1 ?. Buff Niag El Corp 3.60% 15,% Aug 10; 15 13% Jun 11 Va 19% common——15 Buffalo Forge Co • 7 11% *38 V2 v.* 13 2% *99 28%t 4 80 80 100 Va 100% v.y. 2Va 25 V'2 Aug. 1(5 » 27 7 273a X per share 4,900 - 25% • - 101% .2% 7777 70 lOVa 25% 81 / 200 200 7 30%, ,10 13% 1 $3.60 preferred __1 —No par Brunswick-Balke-Collender No par 17% Mar 14 ,' Bucytus-Erie Co common—1 5 124 - Mar 197% preferred ; 100 10% Aug 8Budd (l*he) Co' common——No par 70%. Aug 10 1 $5 preferred : No par Apr *80 ,, t 11% Aug 18 22 , *100 i 13'/2 —No par Blgelow 81 14 89 ,30 10 257/a 13% v 10% Jan 21/ 7; 25% *80 v 30% 9V'a 11% 5 ?_10O 30% ;• 9 V» 25 Va *13% STOCK 2.50 ■___ 30'/a 9 Va 20 600 1,400 • 13% — :13% *87 :v 1,000 29 »13Va 13% .11% f. preferred Brooklyn Union Gas! 89 11 Va Bristol-Myers 3%% 14 88 Va 25 y2 Briggs Manufacturing Corp_-_No par Briggs & Stratton ^._____Nolpar 161 13% *13% 13 Va .100 common 13Va , CLOSEx) (assented )_100 31% July 27 3 - Roller Co 13 10% — Jan 13 25%" Bearing Co__ i__5 Braniff-Airways Inc__ ! -2.50 Brewing. Corp. of America T_i—15 Bridgeport Brass Co No par 7- 92 30 see 14. Bower * Jan 18% Jan, 52 footnotes 47% Jan* 10 9% Apr 16 13% Apr 19 May 119 17 > 8% Mar 30; 13 Va 13 EXCHANGE ;v _15 1 13 Va J 10% 11% ; r common. RR 35% 10% ' NO par preferred 35% v No par / Va" 8 .29 91 30% 2 V 2 7,7 V 8 8 29 253/a •: , : 8 35% 24% • 800 82 *28% >. 26 70 15 15 *78 [7- 13% ; — Boston & Maine , A_ Co 3%% , 353's Feb 77 54% Sep 4 7' olass Inc 15 82 13Va —5 — (The) Borg-Warner Corp 33 r Apr 26 12% Feb 15 4% May 27% July 105 July 35% Jun 3 Jan Co B Stores Borden 29 27' 86 40% Jun * 8 3? 6 29% Jun Deo * » Ami Brass & • per share 1,200 :"V''77: 50 95 *35% LOW AND HIGH 8ALE PRICES Tuesday Wednesday Monday . No par 5 13% 44 " ■ lOVa Aug. 15 ,900 49 48% -95 ' v - J.2.50 - *14% *78 13% • *89 > r 100Vas 133 : • 7 700 12% 47% 95 9,300 13 Va ,12Va 13 36% 49 Va 13 Va * 27 Va % 10Va; *25 Va 363/a 49 13% 28 Va 24% Aug, 13 ——1 - Laughlin Inc. Aluminum Class Bond , 97% Aug 18 2 Va Jan 13 , 7 % Jun 13 61% July 6 Jan 1 Jan 26% Jurt ;. 9 Bon ., Aug 54 27 10% July 89 . 45 21 Jan 15% Jun -Mar 98% 5 19% Jutf 28 7 & *25 >' 134 Va 9 per share Par • Jun ' 114 Dec 2%. Mar 23% ; ; Mar 8% Dec 73 : r 32% Jan 1207 Feb- 16 17% Jun Nov 79 ■< 88 • 7% 8 2, 13% Jun 14" Jun » (E W) Co— Bohn 12 15% Jun Jun 100 :"V> 25% lOVa -No par No-par - . Bliss 18 Jan 29% Mar 14. Aug '21% May 43% Jun 24% Jun Mar Jan Jan 64 , 18% Jan4' 3! 90% jun . 72% Dec 77 9 Jun. 17 > 26% Jun Apr 40 12% Dec 29% Feb 81 - Aug . 20% Juff 14 37% Jun 78% Aug • Aug Jun 27 July 28 6% Jun 25% Jan !24% May 124% July 11% May 75 - July 120'.Sep . Bliss l%Mar 23% Nov Nor Black & Decker Mfg Co Blaw-Knox Co 1 12 Bloomingdale Brothers—Boeing Airplane Co 26 ' 15 " 24% % 7- 81 >>7 2Vai! „ 37 50 Va 94 , "13 ■ *13 Va v... ,W: 'H 9 Va 100% 2% 500 47% ! 8 13 25 ;%7 *80 - - 16 29 35% 30% 8% 25% ' Satarday > 71 ,5 13 99 •' ■ * 8 14 Feb i._l 100 . i 30% ' 16 35Va *28% »i 14 93 • 81 100 i /.; 2% f • 13% Jan 6% Jun 17 %4 Feb *80 > STOCK 25% Mar 30 ' 91% May 11,, JUn 101% 23% 12% 33% 303/a 8 13 *13% 26. > 300 16 Va 13 Va 15 3 29 ! *89 ; 7 9%- 8% 24 42" 21% Jun „ Oct 30% 26 - 134 15 ',34% May Nov 92 «/a 28% 13 Feb 411% May ,36% Jun 25% Nov 14 '7 *88% 43'/a 13 80 35% '13 . *133a 27% 26 42% Apr ;71 7% Dec 92% 12% Mar 18 38% Mar 10% May X27% Mar 133/a r" 15 *77 40 43'/a 49 Va 7 473a •; • 1,500 43% 7: *36% ; • 94 123'a 713 -m- r ' 12% *4 .7 2,800 7 * 35% / 28 Va - j 14% Mar 30 18 ' (' 30% Jan 6; 16% May May 42 13% 13 % f *93% 15 7, •; *28V'a 35% 13% *137 —,.100 $ per share 13- 5% May Dec * 3a 50 Jan - t per share 22 "66% July 1% Aug • 29 36 Va 49% 12% j 7- 19 Va 71 • 16 -16% 13'/a " *69 .■ 6.200 8.500 18 17% 18% 71 700 7.7 9% 9'/a 42% 36V2 > 18% *69 49 • 80 , 27Va 9% Jun 27% May 44% Jun ; 37% Nov - « ,,/:S 1 Co_.18 pesos 33% Apr 17% Jun Jan 51 * *14% *77 .'V 7% ^ ... *7% *28% 35% EXCHANGE 8% Jun Apr 37% May : 14% 80 ... com„No par (Del) NEW YORK 22% Jun 29% 22% Dec 67% Dec 93% 1 Steel preferred Highest 10% Jun 44% July 19% Nov 47% 93 STOCKS Lowest Highest 26% Dec X13 47% 94% 14Va >._10 — 47 *77 33%c corn- 13 ' —5 v Loan 13 Bigeiow-Sanford Carpet——No par Birmingham Electric Co No par Range Since Jan. 1 ' , _ 13%•> V. ■ 18% 9%, 18% 18% 42 Va > 13% : • 18 Va 18% *41% *16'/a 9% 71 48% 13 .'7 94% - 18 *69 37 % 48% 13 47 >. *36% 493/a 14 10'/a *18 16% 13 % —1 — ,. Foods Bethlehem 31% Mar 21 Year 1948 9 per share — . Bangs for Previous Lowest 37% v 14 10 . a 13 UO Benguet. Consol Mining 7 5 9% May 31 *36% *48% r >—50 Co Appliances— Best At Co_ 22% Juri 29 14% Jan *16% pfd $3.25 ser of 1946-Nd par Cum pfd $4 dtv ser oM948_No par 7- 136% Feb' 16% 13% lOVa 9% v 13"» 18 3 • 13% 10 9% 42% 18V'a *18 13% 10 9% 69 Va Cflm 30% Jan" . 3 69% v *10 Vi —25v —100* a Indus 33% Jan 25 May 10 23% Jun 13 Corp Corp Home Beneficial . .Aug 19 > 100%,' Aug 16 2% July 6 11' < Aircraft Bendix Aug 15 69 Va *41 Va 2.50 pfd_—XOO —1 RR Packing Bendix Aviation 80 5 Jun 129% Jun Mar 21 18% 69Va 42 Va Co common! '—10 4%%. preferred —J —*-100 34% Mar 30 Hw Jan.-7 17Va *41 Va Bell; & Howeil 88% Aug Jun 1 4%% Belding-Heminway 26. 139% July 37% May ' Feb" (A S) Beech-Nut 16% JUn 30 17 Feb'18 ' ,37% May '39% Oct Feb Mar - Mar 30 V 11% Jun 30% May Feb » 30% 125 Mills, Inc 78 % Aug 10 14 cbmmon 13% " ,v 9% I8V4 50 pfd 10% Jan 18 10 Va ,7 *~5 Co 9 ,7. Corp—— -.1 Inc I ——Nd par conv Beaunit 1 13% 7 9% 10 Co Foods 3%% y 81 13% 9% -10 common ; 10 9% ,, -100 (Delaware) 13% 7 10 ,.100 Works Cigars Beatrice Aug 19 May 14 Oil 6 , 2 23% Feb , Corp preferred Iron Bayuk , 13% Works——-13 common preferred--— Brothers 4%% Bath 20 Oil Barnsdall . 12 20% Jan 5% 5. 102% July, - , —I Ohio preitfred 100 Aroostook * common—50 & Barker 3' Mar : 50% Aug 11 7 . 15 & non-cunt Barber r Inc Locomotive Conv . 13 \ 32 21% Jan * " , -July 27 3 Jan 4°Io (B T) Bangor ; 72 11% Jun Jan 24% Jan Dec 7 7 7' Jan' 25 , 13% Apr 17% Jan Jun 38% Jun Nov . 28' 9% Feb *103% Dec ( 68' Baldwin 7 7 13 39% Mar 20% May 19% Mar .. Dec 26 Jun 34% Apr 37% July • Feb 14% 7 11% Jan 13 15% Jun 36 Juri '100 32% Feb 90% 12% Jan 13 90 Feb „ 13 14%Jun 38 ' ' Babbitt 60 % Jun 22% May . Dec 14% 14 23% Dec 69 14% Jun 14% Jan 15 43% May 7 80%" Sep 16% Mar 1 7% Jun 45% Dec 16% Mar Dec 30% 8% Jun 45 t Nov 15% Jun May 28% Jun Feb 9 8 59 , Nov 31 Jun 17% Dec Mar 10 xl3 16% July 29% July 31% Jun 80% May Feb 10 V a 18 Va 2,000 11% 8,900 *105 106% *105 106 Va T05 106% *37 38 Va *37 38% *37 38% "l6 18% . 18%: 18% *18% 19 *18V2 19 Va 13% 1,200 13 Va 13% xl2% 13% 12% 13% 26,200 46 Va 46% 45% 46 * 46 Va " *46 47 4 70 30 96% 87 , 100% 12% 99% 110% 96 % 39% 87% *100% *101 *99% 40 *95 " 96% 38% 101 6,700 109 % * 15 14% 100% 99 % 110% 9 % 14% 36% Amer v. 13,100 99% 67% of 120 6V2 109 % 35% —;—- 86 % 6% 14% -—No par Cd 23 Va 86% 6% 2.500 ' 47% 65% :. 22% 87% 61% 61 , 47% : 99% 14% ' *.61. ' (. 23% *8% Avco 10 '47 v'-' 15 *95 >__ ._r-5 — Canteen 603> _No par common-, prior pref Autocar / 6% 100% common—_—No par Nichols *86% 6% common—_1 RR_ Lines preferred-!Corp conv Atlas Tack 4 1 86% 6V2 9% v >00 _* Atlas 863i 6% - Shares 35% 14% 100- conv Atlas Corp Powder , 3 17% Mar 10 14 Jun 46 35% Jan 8 14 4% Jun - 87% for the Week 35% 14% preferred-series A—106 Preferred $3.73 series B__—xlOO 6% Aug 15 15 Mar-24 20, Oct Jan 20% Jan 11 4% Jun 11% Jun Aug 18 4% 106% Aug 18 25 13Va Feb 19 19% Jan 2 58 July 26 Dec 7 Aug W I SS 35% 23 Va *8% J—-——10 Line Coast G & 35 % 23% ni 60% 110% ... *14% > 5% non-cum preferred-100 Atlantic Refining com'mon__——25 Mar 18 Jan 24% Aug' 11 4 ' 4% Feb Nov 6% xll 1- .93% Jun. 24- Jun Atlantic 100 7 Xl9% • Jun 7 94 10 Feb Feb Jan' ! A T F Inc Atl *110 —10 Co preferred-, non-cum 7 ' 110! 14 Feb preferred— Jan 70% July 13 99% Topeka & Santa Fe ctim__100 5% ■ 46% 99% 35% 22% X35 Ssles X per share 23 6 */2' ; Friday Aug. 19 S per share 86% ; 4fi% ThursdayAug. 1H t per share per share 34% 6% 60% CLOSED * 22% 87 6% 60% —100 : Investment 47 13 77 100 Sep ' Atch 7. 39 Feb 30% Jun Dec 50% July May 81 - 30 2nd Assoclates , 15 4 102 4: i 32% Jun' 13 53 Feb 7- : July 64% Dec 6% 98% Jan 27 14 10% Aug 62 25% 66 12 97% Jun *86 STOCK Wednesday Aug. 17, 33% 23% EXCHANGE —No par common—1 Dry Goods 1st preferred ,: ' 34 4 5 com Carpet Co Inc 7% Aug 19 104 Illinois Associated 27 80 Jun 44% 4 Artloom 11 Apr 120% Sep Mar 13% Jan 15% July 15 Apr 107% Feb 96 V 30% Feb May July 26 98 1 I 22% of 2.t per share *33% Armstrong Cork Co com—No par $3.75 preferred —No par $4 conv preferred— No par;, Arnold Constable Corp 5 4 9 No par Co & Aug. 16 9 per share $6 conv prior preferred-—No par 110% Jan' 3 16% Jun 30 7% July 18 11% Feb 28 17% Aug Dec 12% Mar conv Armour 4.9% Jan 21 88 • 4%% 3 77 Jan Tuesday Aug. 15 Corp com 10 preferred-———100 Steel HIGH SALE PRICES Monday Aug. 13 Archer-Danlels-Midland 27% Jan 26 49% Jun 15% May 106 2 19 %Jun Oct Dec 68% 32% 14 26% May 34% Jim Nov 23% AND 8atorday par Monday, August 22, 1949 RECORD LOW STOCK $ per share S per chare share YORK EXCHANGE Lowest Highest X per NEW Range Since Jan. 1 Highest Year 1948 9 per share STOCK CHRONICLE STOCKS Bu|* fer PrerUus Lowest YORK FINANCIAL „ 600 , Volume Number 4831 170 THE COMMERCIAL NEW Range for Previous Range Since Jan. 1 Highest ». t per share 11 18 % Apr 3% Sep 100 y2 Feb "26% Dec 48 ' 56. ,; Sper share 12 y4 Mar 23 May '50 Aug j. 8% Mar 1103/4 Mar 5% Feb 100 NEW Highest 15 Jan 8 y4 Jun 7 108 17 30 25% Jun 14 19% May 12% Jun 14 35 % Jan 29 16 % May 9 43% 30% Mar • 6% Mar 130 Nov Jan 4 ' May : 6 Jun 30 Jun 10 147% July 131 Jan 11 4 Feb 9 v /. 26% Jun , 37 Feb 24 Y52% . Dec 7 May Case Mar 12 Feb 105 July 97 Apr 23 105 123 Feb 140 May X114 Jun 15 131% Jan Mar. Feb 34% Jun 17% Dec 20% Jan 15% Jun 17 Dec 18% Feb 14% Jun 29 17 26% Jan 17 6% Feb 11% Sep ■.7% May 31 5% Dec '12% Jun "3 Dec 6% Dec 100% Nov' ,74 108 Oct 7% 10 Va 83 Jan Dec 7 5% 4 ,1V* Apr 5 4 35% Jan 13 12% Anr 28 12 Aug - 28V2 12 Va Nov 20 • r ' 24% Feb 17% Feb 90 Feb * 7% .33 Jan 15% 25 Va Mar 76% Feb " 7% Feb •'»:>' Nov 6 7 7 34% Jan 7 13 July July Jan 13 '8 i Jun 4V4 Mar "7% Feb 10% Apr 24 12% Jun 14 9% 7% Mar May 16 11% Mar 30 7 8 Jan 5% Jan 7 45% Jan 10 72% July Oct 15% v- 10 Oct Jan 12% Feb 'May 11 Conv Range for Frerionp Year 19*8* Lowest': . V ' Hlfhckt i t -per share v. 14% Highest per share $ per share Feb / , f 16% Jan 19 2 Vs Jun 20 5'/a Jan 7 Chiids Co 7 -744% Oct 63% May 35 Jun Feb Nov 23'% 36Va Jan '7% ' 1 r 34% Nov Oct - \ 7 17 3 8% Apr 83 5 27 8 Jun 6 20% Jun 14 30% Jan 16 : — 70 Jun Mar 85 Aug 10 7 ' 5% 16 25% Jan 26 11 Jan 105 ; 17 Cleve 431- Jail 26 Aug 15; 18% Mar 35% 4% Dec V Dec • 131Feb Jan 11% July 28 Si 24% Jun 22 19 ; 12 21% Jun 45 30% Feb 2 Apr 13 -,"133 92% May 71 141 July 19 Apr 26 & Dec 60% Dec *87% 16 12% Feb 16 Feb 22% 1075 25 96 8 Aug 17% Jan Oct 11 . 22% Dec / .12%-Jun Nov 9 % 20 Va Dec 20 , Nov 10 % Feb 7% Jan 24 19 13 Jun 10 7. V Jan 12 8V« Jun 16 13% Jan 17% July 7% Jun 7 - ' 7 11% Jan ' 8' 32 Va May 17 Va Jun 6 24% Jan 4% 10 16% Jun 22 23% Jan 10 12 13 —14% Jun -:•> 9% Jun 7 7% Feb 10 Apr 78Va Jun 48% Mar 37% Apr 26% Jun 13 32% Jan 18% Jun 29 18% Feb Jan 28% Jun 2i% Feti 11 53% July * July 95 90 Jan J - ' May 16 *16 Nov 29% May Feb 2% : ^ 26% May 13 25 12 lf7/a Jan 13% Jun 22 5 7 Aug v: 105% Aug > 5 5 90 Dec 80% Jan 3 3 25 : * 101% Aug 12 Nov 29% May 25 Va Jan 3 27.% Aug 11 Dec 11% May 7% Jun 7 10 Aug 19 Feb 3 Jan;; > ' ; 8y8 27% Dec 36% July 24% Jun 30 30 x24% Dec 32 May 25 Va Feb 11 29% Aug 18 ; Sep '6% May 2% Jun 14 Mar •-25% July 4 . 21 xl06 Apr Feb 108% Dec xl8Va Jun 12*4 Jun Dec 51 Jan Dec 29% Sep Dec 15% May Dec 15% July 7% Jun 16% Mar 8 Juii 37% 19 1 • Dec ■ 6 ll Jun 14 8 Feb , 7.10% 23 1 8% 7% 1 Nov 29 % Dec 35% Jun 30 % 9 8%. 100 . 33% ' non-cum 21% -,,vy 41% 30% •Y... *63 30 Va " . 11% - 5034 '1 7 22 Va 11% *11 63 Va *14 .Monday iperihvrg':-/? t per ■> 14% *32 4 3Va 50% AND 14 34 STOCK EXCHANGE' HIGH • ... • *63% 12 - *32 29 a 104 <34 - ;• 51 28 3Y 41. >. V4 *32 • r,- .51% 28% 28% 103 25 " " *?% 7% *81 No par —5 ' *17 17. 25% *65'2 70 "*107% —1-100 gtd 50 *39 V ? 34 *32 ,'*-.34,. •29 29 No par' 26 2,600 53 5,700 ,7% ;7% *81 •- •v *24% 17% *25 Va 25%: *67 40 Va 111% 24 243a *107 24 *107 109 25 70 *67 109 24 % *65 '' '67"'v '65% 67 " "65% 67 *65 Va *37% 28% *37% *37% 38% "12% - v 7, - va . 23J/a. 4 .... • 12% 127/8- 12% 13 13 Va 12% 13 Va 4,800 29% 29% -': 29% 30 V4 30% 30% 30% 31 8.400 ■ ;• 4% 23% 4% 138 140 *75% 23% *139 .77 .. 3% 23% 23% 3% 4 140 ■;*75% 4% 23 Va 76% ; 4Va b% 23 V4 140 *139 75% *74% 75% 139- 1st preferred 139% 62 % '*1075 39% , 141 140 62%' *1076 39% 95 39% 95% 96 For 6% Jun footnotes see page 24 100 15% 15% 16% 16% 10 10 10 *10 Va 10% 1'0% 10% *io% 11 10 10 *9% 10 *9'/a 10 '„ 19 191/4 19 Va 19 19 Va 1,300 *18% 18% 19 11% 1VU ,11 Va 11V4 23 9 11% 12% *11% ll'/a 1,800 59 *54% 59 .31 % 31 Va 1,200 ,20% 20% 2,500 -10% .•'10% 10 19% 19% ,19 ^ 8 193a X19% 19% 19% 19% X19% 11% "'11% 11% Y'U% 11% *5438 58 *54 10 *9% .58 11% 31 31 31% 31 21 21% 21 25 24%. Y -'Vv 24% 53 101 16% 16% 4% 4% 4% 103% 103% 102% 103 V8 27% 27% 27% 27% 27% 9% 25 93a 9 27% 27% 28% 3% *3 108% 25 5 103 5 108 3Va 3 Va 1,700 25 251/4 '24% 25 Va x23,100 108 108% 10% 42% 43% 42% ;■ 12% 10% 43% 42% 16% 1'7% 17 ' 17% *17% 18 11% 11% 11% *11%' 8% 8% 8Va 109% 103% 35% . 110% *108 Via 35% 10% •35% 30 8 Va . 99% Aug 16 15 Va Jan '21 • "• 95% Aug 19 ; 36% Mar 30 ' *99 preferred .——100 Continental Baking Ce com__No par •. 4% Can 14% 93% .93% 33% 2AVa -Ndpar 101% 101% 1434 102 % Aug 16 9ya Jan 7 Continental Diamond Ptt>re_ 63% Mav O o-^DtVppntnl Insurance $'j.75 preferred 07 5 K 61% 93 V« 23% 3334 101 *7 7% 62 , 15 $f3 Va 14% No par ——— Inc 69% common.—20 $5.50 preferred Continental 100 8 31% ■ - 61% 102% '7V4 62 . 30% *108'Y 35% 35% ■*98% 100 100 8% 1,300 10% 25,200 30 Va 32,300 30 */4. 108 Va 700 109 Va 108% . 1,200 31% 109 108 % 3534 2.200 8 Va 31% 31% 30% 11% 10% Va *109%- 109% *98%'100 3,500 17% *11% 11 108% t*108Ve 43 Va *17" ,, 109% 109 Va "35 30% 800 42% 43% 10% 31% ' 1,300 10% ' 12 31% *. i 900 12% 10% * 11% 8% 108 V4 12 Va *108 12 % 10% *11% , 700 3% 25% 24% 3 22% 308% 108% 1,100 3% 3 108 Va 110 2,000 28 29% 12 35% *27 29% 10% • 11,700 10 29% 108 . 11,000 27% 28 10% - 104% 28% 12% , 9% 27% 108 ■ 330 4.500 417,000 ' 28 12% "when 27% 5 28% *10% U% 104 9% 12% 16% 16 Va 27% 9% .10% 43 16% 5 27% 11% 43 2,800 5 9% 10% .16% 3.200 53% .16% 27% 5 l15 *100 *11% ,24% 100% ■ 273,4 24% 80 400 53 Va .24% 53% 28% 3Vs - 90 100 100 Va 25% 101 1043'e 104% 103% • 800 .. 11 27% 24% 108% 16% 16% 4% 4,000 10 28 % *28 3 100% 101 16% 5 9 *28 101 16% 25 53% 53% 53 53% 101 700 16% »9Va 2,400 15% 16% 21 Va 16% No par 15% , 31 21% 531/2 15 18% *10 31 101% 24% *54% j , 21 53% : 17 21% 101% -*27, 1838 .15% 31 Grocers Corp—1.33% preferred $4.50 preferred $4.52 preferred - 11% 58 15 18 15 Vi 16% 11% ll% 96 - 15% 19% 11.%. ....11% 15 18% 19% *18% 9 180 16% *95 Y 10 25% 95 Va 15%,- 10 :11% *25% '95% 18% 15% - 3,700 15 *16% 31 40 Va 96 10 21% no 40 40% ' 15% 11% 3,900 62 »/a *1125 18 16% *54% Common v 40 40 148 62 62 *1125 14% *95 ' 109% 2 20 76% 147 146 61% 63% 40 No par ——No par Container Corp of America com—20 56% Feb 24 *74% 143i 1-6% - Oct 29 140 140 76% 4,500 24 18% 10 Coppermines Corp—5 141 142% " *1075 10% 4 108% Aug 5 37V2 Jan'22 64 % 23% 14% 15% 400 *62 %.-»/• 39% 96 - *17% -18% ♦10% »•' 30 13% M*y 4% *17% 51434 14% 141 62% '.-••'■•'J 31%-'"' NOV 8% ; i 140 *139 • ' 10% -• 4 105% Apr 20 27% Jun 17 48% Mar 10 lo V 31% 15, 50 P .12% 29% .29% 29v8 May 30% Aug Jan Jun ?. 38% 13 V* 30% 95 < 1,600 , 67 38 31% July 107 *36 30 99 24 107 ,109 5,200 :•'« 111% 37 31% Oct 92 41 Va 41 67 -No par distributed"— * 70' 23% *107 7,300 26 170 *111% ,24% # 1,100 18V4 '*25 Va *120 140% 40% ♦•111% 111% 40% *111% 28% 18 18 V0 26 *67 70 <40% 86 28% 170 300 7% *81 28% '120 170 *7% 7% 86 285e 17% *17 "120 70 7 % *81 . 28V2 * 28% • 7% 86 . 37 1 510 « 25% Consolidated Vultee Aircraft—;—l 5 12,800 103% 103% 103% *65 50, Consolidated Laundries Corp .,13 36 Y 6 16,200 29% 103% 152% Consumers Power Co com 3 52 Va f . 26% 8 Va - 34 51% •29% 29 V* , 40% *32 .• 52% 3,900 53% 25% 40 109 200 ; 3 % *39 ^ 52% 103%; 111%. 111% 23 7 a 23-4 '3 26 170 *652 111%" 111% Shares 14% " 3,,' ' 52% 17 . *120 39%, -40% - ••"*"*13'% 13% 3 25% 28% *24% 170 the Week t per share 53''4 86 28% 18 *25 Sulci tor Aug. 19 /V 1 52% ■ *81 28% *120 ' 100 7% 86 28% Friday Aug. 18 25 % 10% Dec Jan 200 25 % , 52% 8% Apr 27' 13% Jan 10% 5234 25% 153% 10% 42% 85 10% .7/ Thursday 13% • .'52% 29 Consolidated Textile Co Inc—_l10c 30% Jun * 1,000 103% 7 106% Sep 64% 103% 9% Jan May 9,200 S per share V 3 - 51% 12 % Apr Dec 17% July 200 30% *63% .... 41 " 52% ' *39 6 92%' 400 52 30% U ' *39 51% 25 < 14%". -3 •>, Consolidated Natural Gas. Consol RR Of Cuba 6% pfd*. Consolidated Retail Stores lnc_.—1 40 2,000 *51 " share, *13% 8 Sep 10% Mar 4,300 29% 26 Va 11% 7 ' 11 SALE PRICES 3 Ve , 7 84% Mar- 11% 29% 26 29% 65 65 S per 5 29Nov 8,800 311/4 311/4 ; Aug. 17 12% Mar 13 900 6,100 52 Wednesday 16 Jun 3% 6 Va 22% 3V2 26 *50% 31 - 14 < 3% 103% CLOSED 12 - $ per share *41 .. 7 Aug. 16 share *13% ' Tuesday ». Aug. 15 . . Inc.L_No par Consolidated 110% Aug 10 93 : 5% 12 *25 34 *10J/4 63 % Y: 12 . Pictures common—No par $4.25 cum preferred w w—No par $5 • 8 27 99% May 1,000 r Consol Edison of N Y com—No par 9 103% Apr Oct 400 1,100 6% • i-v ' 90 9% 16 Va y: y." 221/4 ,23 29% 30 64; '30% 600 10,300 9% *6 Va 3% 11% 127 > , 100 , 9Va 10% 16'/a 6'/4 ■30% 'vV,:' 303a 64 '- '• 4% 9Va 10% 6% .3 Va . 200 15,400 83 7Y V *4 91/4 .•.■"'■/ '6 900 18% 31% *82 - 3% ,3% J .■■j' "6 :: 6% •21% —22 %•' 4,500 6 6 '7v18% 16 6% 1,000 24% • 140 1,200 35% 36 98% 98% 150 8,500 14% 15 14 78 147a ,14% 15 Vs *93% 33% 94 94 95 .95% 95 Va 60 34 33% 34 33% 33% 5.600 102 Va 400 *101 *7 62 102% 77% 63 • 97 31 4Vi 9 V4 51.3/4 YY'.V 7 . : 27 .24% J, 83 16 6% *50% 2.50 Consolidated July 15 106% May July ~5% 46% Mar -- 29% July 26 ' 3% '5% 21 Va 21.Vb Jan Jun. 14 v " 3% 12 *39 Solvents—* No par Commonw'lth & South com—No par $6 preferred series No par Commonwealth Edison Co 25 Conde Nast Publishing Inc—No par ! Congoleum-Nairn Inc. No par Consolidated Cigar No par 9 14% Jan.- 11' 38% Juri 13 11% Feb 23 10 9% 6% 503 4 Commercial 21 25% Aug 108'% Aug ' 8% 1 4% Jan 21% Feb 25 •' ; 11% Mar 1103% i i *9% ;■ '9 % 10 Va 10% • 16 15% 6% 50% Co__ v_Ne par Columbus A So Ohio Elec Co.,—5 Combustion Engineering s ; .* Superheater Inc No par Commercial Credit common^ 10 3.60% preferred _+ —-—100 53% Aug 18 Jan 3% Oct 106 .* Apr , 7*9% 16 50% . Columbian Carbon 13 46 Va Feb 104 ; 12 26% 8,200 - 26 Columbia 21% Apr 21* 58 2 ( v 9 10% 100 2,200 12% *96 19 "4 .4'/4 8%* 10% 29 V2 *'25% _1C0 •' Columbia Gas System 11% Aug 11 13% May Dec y 36% *4 v 257 8 :«^--5 Class B Sep ^.1/28% 7 •: 6 *82 2,200 18% 31% 31 15,500 8% 18% 97 Y6 ; 12 *7% * 25i/4 *18 Va 83 29% ;■ Y)ec 49 '-'r. , 29% 4% non-cum 2nd preferred—100 Columbia Broad Sys Inc cl A—2.50 10 31% May v *82 9 Va 15% • - 6 11% 11% v"i 12'/a % *96 18% *25% Colonial Mills Inc__—————20 Colo Fuel & Iron Corp com—No par 5% conv preferred 20 Colorado & Southern Ry com—100 I 19% Jan 24 6 7 Va Jun 15 . 18% July . Dec Jun 19 11% 26% 31% 25 7'a ; For Colgate-Palmolive-Peet com„No par $3.50 preferred >_Nnpar Collins & Aikman Corp__ No par 2 Oct 18% " 7 19% Feb 15 ; 6 .30% Coca-Cola Co (The) oommon-No par Class A— No par Interna t Corp No par . 5 17 Mar 22 ; 11% 5 "• Coca-Cola 40% Aug 18 * 9 Va 12 July 25 Jan Jan 89 ' —1 Cluett Peabody & Co .com—No par 7% preferred—! 4-IOO 4% cum 2nd preferred ! —100 ' xl3% Feb - 11% 81/4" 24 • : 30Va Illuminating com—No par % Jan 64 6 29% Feb Apr 25% May 26% May Feb . ' 6 Jan 1075 Jan 93 i Nov 152 60% Jan Jun July 45% Sep 15 ' 1332 . 11% " *124% Jim 13.. Jan- 63% July 31 . 183 Dec 1332 6 97 .25% —25 25 ) 134% 2.200 *26 • . 18% 8% *6 Va 21% 3 i 1,700 13% 11 % " 20 Pitts RR Co 1% 88% *13% 18% 26% '31 Va 4% *9 7 ■ 3% 5% Clopay Corp—— 82% Jan 28 1 f 3% - *87 14 ,12 7 25 24% 10% 260 88% 11% • 12 '<96 83 900 111 *110 13% *87 •18%. 11% 6 10 9% 6% 21 Va —No par preferred : 3C0 2,300 •7% *7% '26% . 31% - g.% - 16 Vs 6V4 Elec com—:_8.50 Clinton Industries InjC Aug 19 5% Jan July 147 ' 716*/* Dec ; 15V4 Jan 31 3% July 11 10% Jan 36% May , 9% —100 Special gtd 4% stock— Climax Molybaenum_i • ' *16 No par Cleve Graph Bronze Co com 1 5% ^■■7. 9Va 10% fstorday preferred,. • 19 'i 03 7e 4 Va *8% $4.50 preferred. Aug 10 73 v Feb 62% jun 44 37 i 108 *534 31 *81 Va laVa :_i non-cum Cleve Elec ' 11% 18 Va 97 *18 3 4 83 1 — 11% 7% . 3,600 3% 14 13% . 111 ' " 10 ± City Stores Co 3 112% Jun Feb 109 97% ;;•/ *81% :;V: 4% i? 14'A !. 7% *109 '*7% • 24% 24% *96 31% : '7; 11% •lr» 11% 26% 26% lit) 87% 18% 11% ; 5%' 578 *18% •19 m 7'Y CC-C&St Louis Ry Co com—.100 9 42% Jan 16 20% Jun 16 6 18% ■'t. v'.-Y-f 100 Clark Equipment Co_ ) *—j 2,000 8% *3% , s 25 *. City Products Corp__ 36% Mar % Dec Jun 78% May ; 24% Aug. 13 City Investing Co common 5%% preferred— 16 Apr 29% Jan 18% Jan 100 16 ,8% , 14 7% » .11% 8 % 18% 7% 13% 11% LOW 7 C I T Financial Corp ' 27'/# ? 25 47% May y Nov 6% Feb July Jun • Dec 53% Aug 15 79% Jun Apr - 23% 77 26% Aug 18 3 ; f Mtfy 108% Dec 11 1 25 V Jan Jan Jun <34% . Feb 15% 3% 14 , 11% 11% , E87% -,.r <"7*7% 7 3% 13% no 1: ' 11% 7%" 26% • preferred— Copper Co :—f preferred ' 8% 8% *3% r w3Va !l'3 % ; -7% . 13% 11% * *96 -100 Cincinnati Milling Machine Co_—10 4% 15% 8% 83i . -* :: 7 11% ■" 24% common Cincinnati. Gas & 5 87 13 26 ' . Chrysler Corp :k 30% July 29' 104% Aug 42% Jan X20 > May 111%' 39 12% j- 4 43 7 Nov .. IV'T 25 88 Feb ,105 69Vs 26% ■Apr 97% Jan 21 Jan 22% Jun Chile 7 *85'/a ' ' t 110 14% ' • —No par , 9 109% 87 12 Chickasha Cotton Oil 8 Jan 176 : . Jan 80 Jan 58 38% Aug t July 105% 36 33 15% Jan " 16 14 ";84% Apr • 27% Mar : Jun 44 Va Jun 10 i" Dec Dec Dec 7*. 176 31 Jun 27 75% ; Jun .48% July * 24% • Jan 101 % May i ' r: :« 60 29% Nov 19% Nov i ' - 1 42 Feb 9(1 V *13 65% i' - s 11% L100 5%% Nov 50% -' <6 2% 31- A EXCHANGE Jun 19% May 4% Apr V 'j \ $ per share , series '/%/■NEW YORK STOCK Range Since Jan. 1 . Lowest , ' "7?b stocks - ■ 7% 7%; 7%' preferred vtc__— _1C0 Northwest com.—No par preferred 3% 13% > No par : Chicago Yellow Cab_ 4 '> 13'% 1093/4 . 20 3,100 *8% 1 Products 74 56% Jun ' 17% "17% 13% 18:,8 14 28 25% Jun Feb 167/a *16% 17 ■ *3% *103J2 *85% ; $3 convertible preference—No par Chfc Rock Is & Pac RR Co__No par 49 % Jun ' 25% , .! 8% —5 55% "May 4 34% Jan 21 57 V Jun 42% Sep 49% Mar Copper Corp 17 36% Jan 14 9% Jun 14 | 300 14 7% 9.50 Chicago & 28 21% Jun 500 122 Va : ' 5% preferred _10G Chicago Pneumat Tool com__No par Jun May 101'A 122% 3% 8% *3% *13% 100 8 27 40 23% July • pfd 29 % Mar 30 49% July Dec 101% 122% 17% 15% 7,-' Dec 100 Va 122 Va 17% T5 26 100 Va 123 , 16% 7 33% 100 1/4 123 *16% 7 Jan 100 y4 123 15%, 8% Jan Dec 100% 123 1.78 —No par Co A ' 100',4 17% 33% Jan Series 1 •15% Chic Ind & Louis Ry Co class A„25, Class B —No par Chic Milv; St Paul & P vtc_.No pu , « 500 19,200 %-o % 13 Jun 4,500 27«/s 15 Va 13 17 . 32 100% 26% 32 ltta4 13 13% .41% July *135'/4 10 27% 17% Jun 3 Apr 136 26% 26%" 25 34 ' ^ 15% 4% Jun Jun 13 Va July 30 25% 16% Chicago Corp (The).. Chicago Great West Ry Co com—50 5% preferred _50 9 18 % Jan 10 5% Jun 28 9,800 *100% 32 17 Chic & East 111 RR Co com.sNo par Class A—j :_40 12 13 12% July Jan 3 1,200 100 7/e 17% Chesapeake & Ohio Ry common 2%r% convertible .preferred 21 85 Feb 11 9 Feb 5% Jan 7 3%. Jun 22% July 15% July Jan 7Va 8% Jan 28% Jan 79 7 14% May Jan 12 Jan 9 y 17 Vs . 10 135V4 I '— 7% 40 100% 731% . 15% Champion Paper 6s Fib com—No par $4.50 preferred No par Checker Cab Mfg ; 1,25 Chesapeake Corp of Virginia 5 5% Jun 31% 101 101 4 17 Chain Belt 135 Va 34 7% 39 40 15% 18 4- *1351.4 136% '31'/a *33 7% 7% 39% . 1634 1R 97% Mar 17% July 18 Jan 90 Dec' ,.'4 ■ Jan 25 % Aug 14 29% Jun May 45% - 27 R 13 Jun 30 Dec 6 Jun 100 3 25% 124 21% 13% Jan 18% Jun 34 Va ; r78 - 100 3 8 11% Cerro 91 7 ' ' •12334 V... 11 22% JUly Jun *33 34Va 39% 2,600 1 26 y Certain-teed 15 *16% Sugar Co 21 y4 Jan 14 ! 1 291/4 141/8 , ' Century Ribbon Mills Pasco ' 300 291/4 15 38% 136% 31% 100% ■" *100>4 1 Corp 3.40% Violeta 4 730 29% 29% •%7% 38% 313s " 101 25% • : 31% H O O cn"- Y** 30 ,/• 29% ''93/n *291/4 ; 14% 5 ' Foundry Co CS 9% Jun Jan 26% 31% * 30 14% *33 7%; *135 7 102 OO.7 14% 34 ' "7Va 10 *O O O 7% *101 ___20 .«% Max May -t ; 2y 7% 101 No par Sugar Co d , *33 136 Va of Ga Ry Co Vtc No par preferred series B vtc L_100 de 101 ' 7% 38 Central ?n Aug 19 29 V8 143i 38% 700 55 *54 • , Shares 14 Va 14% t, 55 \7% 7VB 4 102 ?o'Y *14 % *135 100 14% July 13 ? Apr 100% Dec 31 Va 9% Feb 6% Jury 7% *101 029IV . 38 tCentral RR of New Jersey-100 Central & South West Corp com_5 ' Jun 7% r ■<>!>. ' 100 common Agulrre Central NY Pr 20 2y ' >• 34 »7Va' • Hudson G & E Corp__No par Central 111 Light 4%% pfd 7.-100 7% Aug 19 86 % Aug 5= 14-% *54 the Week $ ner share ( 102 *101 14% *33 : Central 3 14 Va 5o *54 > 7% ' Central 8 10% Jun Dec Central Jan 54 7% for Sales Aug. 19 . *hart> * l_1C common s 14'A. 14'% Friday Aug. 18 s per share 14% 54 30 14% 100 * preferred. Corp 29 .*29 - 50 preferred 24 y4 Jan 13 ' 18% 5% Central 17 May 11• Celotex -7 11 .21 79% May 24 Nov 15 v Dec; 7% 2nd 14 104% Jan May ,39% 7% Jun 6% Mar Jun 29 •' Celanese Corp of Amer com—No par $4.75 1st preferred— No par 11% Mar 14 6 4.20% CLOSED 25 — Thursday , Aug. 17 share *13% 7% 101 : __1 Corp - 101 ■' —10 common Tractor Preferred STOCK EXCHANGE 15 PRICES Wednesday ' 55 7% 5 _ S per 14% *54 No par v preferred 12% Jun 38% July 8% Mar General Co Caterpillar - 6 - Jan & (J I) 7% 7 « 18% Jan 16 22 Ye ,5 * per share *13% „1C0 Corp common Conv preferred 4% series 32% July 28 101% Aug 12 321/4 Jan 7. 7: Ohio Ry 8ALV Aug. 16 1 Carrier Aug 18 RIGH Tuesday Aug. 15 —10 Light Carpenter Steel Co_ Carriers 140 100% Aug 18 23% Apr 22, 13% Jun & Power AND Monday % Aug. 13 * I per share common—l & 40' j 97 22% Carolina -Clinch ,7% Aug 18 Feb Jun 5 (609) RECORD LOW class A Carolina Feb 7 Aug 19 22 39% CHRONICLE Saturday % S3 preferred A Capital Airlines Inc July 26 Dec 35 % Capital Admir. 55% May 11 4 23 26% Jan Dec 12 Mb STOCK STOCK Per 17 32 July 41% Jan >, „ YORK EXCHANGE ■S per share Nov 30 .30 . Lowest » S per share Feb YORK FINANCIAL STOCKS Year 1948 Lowest & *101 102%, 7% 7% 63 y4 63% *101 *7 63% 7% 200 63% 2,000 , 16 THE (700) COMMERCIAL NEW Year l»48 ltwml 9 Feb I per thare 10% . * '# per there Jan 5% Jun , Continental Steel 28 23% July 28 Cooper-Bessemer 51% July 19 55% May 13 14 19% Apr 11% Jun 19% Jun July Jun 9 13 Feb 21% Not 15% 12 Oct 50% «•% Not Jun 13 12% Feb Jun 20 7 19% Jan -50 Feb 67% July 3 54% Jan 12 23% 19 Not Oct 20 Not 97% July 94 Jan 10 86 Oct 98 92% Jan 3 56% July 57 66% Mar Dee 177 171% Jan Mar 185 Oct 3% Dec 6% Jan Deo 3% 1% Jun z21 27 100% Aug 18 3 11% Aug 18 23 Feb 7 27% Aug Jun 16 19% Jan 3 42% Apr 13 14 27% Jan 8 36% Jan Jun 20 Jun Feb 103% July 94 Mar 17 95 Dec 129 90 May 24 20% Dec 91% >' Jun 15% Jun 28% Jun 65% Dec 78% Jun 34 21 Dec 12% 155 177 Jan S 25 % 25% 25% 25% *98% 99% *100% 101% 62% 63 >/b Refining 5% 16 160 26% 26% *26% 26% 26% 26% 26% 15% *40% 25% No par *99% i' 16% 58% 58% 58"% 100 27 1 Cuneo Dec 24% 16 Feb 28 23 % Aug 8 Feb 13% July 4% Feb 24 7% Jan 7 15% Jan 19 14 Dec 47% 28 7 % Jan 3 9% Apr 4 28% 18% Jun 14 24% Jan 7 -Jan 21 26 % Jan 7 May 12% July Sep Feb 18% Feb 133 129 Jun 43% Jun 109 137 Jan 20% July 137 1 preferred Curtlss-Wright common Class 22 6% *121 Inc 7% Inc 15% 15 % 15% 41 41 41 26% 26% 99% *99% 97 *92 .48% 48% 8% 8% pfd *20 *130% 22% 135 •130% 591/2 59% 59% 60 23 *22 »/2 15% 15% 180 7% *160 7% *21% 7% *66 *21% ' 6% 6% 121/122% 123 7% *66 22 22 69 % *12 200 22 100 7 12,800 6% 124 123 400 12% 22 7% 3,500 180 7% 12% 230 16 *160 7% 69% *12 1,100 1,6(0 22% 15% 16 12% 6% 49 22% 23 180 70 12% 124 60 49% 49% 50% 49% 49% 1,300 8% 8% 8% 8% 8 % 13.800 8% 20% 20% *130% 22% 10 60 *66 135 22 22% 40 17 % ... 8% 20% 20 20% 100 Nopar 17% 15% 48% 8% 300 7 97% ; •92 97% 3,400 4,300 101 17% *22% 124 48% : *99% 17 6% 124 : 101 17% *160 22 6% 15% 17% 12% *21% 124 *92 70 12% 600 591/4 7% *66 6% J 1 Cutler-Hammer 12% *21 % 7% v-V- 69% No pax A Cushman's Sons 7% *66 100 2,700 26% *26 % 26% . 180 4,100 11% 41 15% *160' 15 28% 26 22% 15% 15% *11% S Prior 50% Aug 18 Mar 14 133 July x31% May 21% Mar 100 Inc 22 22% 180 7% Cunningham Drug Stores Inc 24)0 Curtis Publishing com No par $7 preferred No par 'A-* 4% V 22% *160 10 common Jan preferred— 103 11 42 58% 100 Cudahy Packing Co 28% *99 Oo 25% 97% 16% pfd 500 "99% ioo *93% 13% Feb Aug •99% 16% 73 61 100 14% 25% 93% 10© non-cum 2 25% *41 42 25% 93% 13 150 15% *40% 16% 14 Feb 14% 15% 42 25% No par Jun «'122% 100% No par com 4,900 *1% 26% 8 com 50 4 11% *99 100% 4,000 185 4 100% No par Corp 63% "63% * 2 11% 10% Jun Jan 27% 1% ■■ 185 4% 27% 88 7 28 99% 101% 187 4 100% 17% May ;; • 27% 28 ♦183 11% 15% 1' 2 185 28% Dec Press 4% 1% 5,900 30 99% •100% '. 63% 2 preferred 4%% 4 1% 63% lOOVz Dec 60 185 4 : 1,120 24% 23% 99 101% U 67% July 25% 99 *99 11% ' 54% ' 11 Cuban-American Sugar common—10 7% 53% i!'7 77: sco 7 9%, *10% Aug 18 6 184 4 190 50 *8% 11 % Apr 21 May 6% 63% ■ 14% 14% 50 53% *100% 60U •,7,0 600 7 1,200 10% 10% J; ... 9% 11 Cuba 8% Mar 29 27, 27% *98% 2.50 preferred conv 63 i/s 4C0 21% 14% 1 preferred RR €3 % 8,960 54 50 9% I '24% 99% 101% *1% . *21% * 10% 53 25%; *98% *100% 1% 28 2nd preferred $4 25 % 99% 101% 4 1% 6 ♦52% 21% 54 14% •' 52% *98% 63 6.000 13 *49% " 9% *100% 185 3% 100 America preferred Zellerbach 13 13 10% 14% 52% • - Sharet 60 % 21% 49% 184 *183% 1 common of , 1 preferred Crucible Steel of Amer 72% Jan 24 6 Co $4.20 7 31 7 21 com 14V2 *9 v ■ 59% ♦52% 49% 14% 49% > 9 5% • 100 Crown 4 Jan 24 May 5% Jun 13% May Dec July 160 Jun 96 24 30 12% Feb 17% Aug Feb Apr 7% Jan 52% preferred $2 - 100% Aug 12 14 55% Jun 25 52% Cream of Wheat Corp (The) Crown Cork & Seal com 7 46% Mar Dec 52% Creameries 1 14 Dec 23% 52% 3%% Dec 84% 36% ■ 8% 7 32% Jan 13 Jun 24% 49% Crane 26% May Mar *14% 8% * 6% 12% 10% 14% the Week $ per there \ 59% 59 13L Xl0% 49% Coty Inc Coty International Corp 8% Jan *12% ' 10% 10% 14% Corp 59 21% *8% 8 96 Jun Jan 58% 54 *49% Products 7% V'v *21 % i 20 3 21 % Jun 13 Deo 17% Nor Com ; 5% *52% preferred —.100 pfd 3%% ser of 1947 100 Cum Sale* fur ' ' 22 % IS common pref 5% series Exchange Bank & Tr Co Corning Glass Works common 3%% Friday r* Aug. 19 I I perthare 6 54 *52% -SO Convertible 9 98% 8ep 8% 10% Aug 13 39% Jun Feb 29 92% Feb *10% Corn 9 22 22% 22% CLOSED 2% Jan 3% Mar 25 1% 8TOCK *12% No par '4% May 6 164% 5 com 13 54'. July 21 64% May 6 Jan 13 .14 5% 58% 13 Aug. 18 9 per thare . 6 58 58 *52% 99% Jan 101 57% Corp Cornell Dublller Electric 26% July 19 25 Apr 26 98 of Delaware- 6 EXCHANGE < 7 Thursday Aug. 17 f per there « 5% No par 15 49% Mar 5% Aug. 16 Copper Range Co Copperweld Steel Co 6 Ffeb ll%Jan 52 4 Jun f jper than 8 per thare $3 prior preferred 17 13 >9% Jan Aug. 15 a Corp Wednesday Tuesday' Aug. 13 Continental Motors 7 Monday, August 22, 1949 RECORD V.vi, Monday Saturday Fat 14 11 42% Mar CHRONICLE LOW AND DOE f ALB PRICES STOCK 9 per there Oil 47% Feb 68 STOCK , Continental Jun • YORK 60% Aug 19 15% Jan 3 69% z49% Mar YORK EXCHANGE 8% Jan 14 46% Feb liet ' NEW Range Since Jem. 1 Highest UtmI HlffaMt 9 per there FINANCIAL STOCKS Raaga tmr PmtUm • & '* * 20% 135 221/4 *130% 22% 22% 19% 20 *130% 135 20% 135 22% 22% 2,300 22% 1,100 D 9 Jun 13 85 Oct 94% Jun 87 Jan 4 96 Aug 18 13% 14% Dec 20% Jan 11% July 5 14 Jan Dec 17% Jan 15 18% Feb 13 84 8% 17% May 2 Feb 28% July 31% Aug 3 31 Nov 94 Jun 92 Jan 4 94 Jun 92% Jan 11 15% Jan 7 % Jun 98% Aug 18 97% Aug 18 10% Jan 8 Nov 8% Sep 27 Corp common pfd series A__. Davega Stores Corp common 5% conv preferred xl6% Mar 8 21 Aug 17 May 12 26% Jan 30 13% Jan 42 Jun 17 Jun 14 46% Jan 30% Jun * Dec 31% Dec 29% Feb 38 % Jan 4% May 31 .34% May 50% July 26 38 Aug Aug 13 13 Jun 20 Jun 13 27% Jan Inc *11% 12 ♦16'/4 17% *16 % 17% *16% 17% 1 20 % 20% 20% 20% 20% Co & X28% 28% 28% 98 % *97% 98% 97 *97 97% 39% July 32% Mar 58 20 21% May 60% Jan Apr Dec 56 July 34% Jun 20 14 Jan 50 50% Jan 3 Jun 24 29 58 Jan 14 24% Mar 2 20 13 26% Oct 15 Jun 16% Jan 11% Jun 28% Jun 16% Jun 13 22 Jan 26 46 Jun 32% Jun 22 40 Jan 7 Dec 19% Deo 35% Mar / 38 " Feb 11 , 46% July 19% May Dec — f Mar 7% Mar 12 f per thare -13% Dec I! 25 per 20% Not 41 *hare ; Oct 9% Feb Jun 24% Feb 14' Dec 56 Apr Dec 23 Jan 10 Jun Feb 40 Jun 19 Feb 12% Jan 67% Apr 48% Feb 7 29 Not 32% Feb 97 Feb 90 50% Jun 43 Apr 101% Apr 106% • Oct 106% Peb *18% Not Oct 31 % 83 12 ■ Jan Dec 20 18 98 , -, 80 • Apr 8% Jun 24 19 % July 26 13 Jan 5 8 13 94 ' 124% Jun Feb 99% 111% Auf 10% Dm - 18 116 Dm Jun Jun 15% 13% Oct 19% 12% Dm 88% Feb Sep 88% Dm ;14 82 Mar Doehler-Jarvis *. Chemical - 3%% Dunhlll 56 Jan 10% Feb 95 Jun 6 Jun Oct Deo l5% ' Feb 9% Mar 12% Jan 39% Dee 97 4% f Feb 1 Jan 10% Jun 14 47 Feb 2 29 20% July 16% Dec May 16 8% Jun 14 12 % Jun 16% Aug Jun 17 14% Jan 6 x29% Jun 16 100% Jan 24 Not 4 % Jun _ 6 l 59 68% 55 Deo 7% Mar Deo 3% Apr 9 Jan 49% For footnotes see page 25 : 58 13% Jan 42% 600 *10% 11% 800 7% 7% 7% 7% *7% 7% 16% 16% 16% 16% 16% 16% 7 16% Mar 31 17% May 26 33% Mar 25 104 Jan 13 5% Aug 17 14% Jan 21 61% Jan 24 68 15 24. *28% 28% 28% *49% 50% 11% 11 »/8 EXCHANGE 30Vz 30% CLOSED 16% 163A STOCK 59% •1 - • ■' *49 5% 100 5% Erie 16 % 17% 59 59% 107 59 3% 59'% 48 3% 48% 48% 105 1053% *105 18% 19% *81 84 83% 83 % *82 17 17 17a% 173/4 18 12 12 12 ■' 106 % 106% 19% 11% 19 : 85% 17% 48% 7,200 593% 48% 1,000 48 3% *59 60 600 1,000 6,500 *105% ♦106% 400 106 107 19 3% 18% *82 85% 100 193% 7,600 100 85 % 18 18 18 18 12 ><12 12 12 12% 1,500 ; 50% 52% 51% 52% 48,400 52% 52% 122 122 r:",-- *121% 123 *122 101% ; v-v. 1013% *101% 102 --101% 700 *112% 113% *112% *10% 10% *10% 113% *122 123 *101% 102 *112% 113% 113% 113% *10% 103% *10 % 103% *18 3/4 19 18% 18% 1,100 14% 113%: *112% 103%: *10% 15 143% 14% '5,600 10 3% • *9% 93% 9% 9% It 423% 423% 42% 42% 100 *178 V 182 *178 8% 10 ■' 182 26% 26% '26% 16% *16% 16% 16% 16% 95 ♦92 95 100 *93 *92 11 11 11 *95 96 *95 *7 7% 6% 39% 39% "U 39 % 39% *7 15 15% 15 15 No p«x *35 *35 37 .IS 37 - ■ ; : 39% * 36% - 40 3% 40% 40% 900 40% 15 * 15 15 15 r/V 36 36 *36 : 36% *12 21% 21% 57 57 *57% 593% *57 47 *45 47 *45 47 *45 2,900 1,100 100 59 47 47 *45 24% 24% 24% 24% 9% 93% 9% 93/4 9% 13% 16% 16% 163% 16% 31% 31% 1 31% 13% 31% 51 51 *50% 52 *51 50 *60 63 *60 63 *60% *101% 4% 8% 9 4% 4% 4% ■ 24% 24% 243% 24% 24% 10% 10% 10 34 3,300 2,700 1,200 313% 100 46 200 2,100 10% 8% 2,000 13% 103/4 45% 500 . 16% 10% " 12% 22% 133% 11% 9% 12% 21% *16% 10% 45% 1,300 14% No pax *7% 38% - 16% 53% 7% 12% 223% •38 1,500 16% 53% 7% 12% 22 1% 1% 13% 5% S 383/4 ■; 10% *101% 4% 38 3% , 16% 53% 4% 1% 14 102% 4% 12 % 1% 16% . 5% .8 39 % / 10% 1 103 1% * 13% 13% 10 4% - 15% 12% 24% .2.80 1,200 7 57 *45 9 11% 7 21% - 45% 40 *1% 4 1 7 GOO 96 *95 12% *56 3 7 1,700 95 11% 96 21% 12% 56 common—2s common *92 ll3/« 11% 39 21% 102 16 95 40 26% 39% 12 V* 100 182 16 39% 21% 13% 1 26% 16% 1% 56 S 181 26% 13% 3 Mfg Co 1,300 3,900 38 3% 50 Gas 10% 43 % 1% —SO 10 900 10% 43 181 ♦95 7% *35 1% 10 %.-, • *92 11% xl5 393/s 9 *8% 43 Vs 10 v 3 No pax 10'% 263/4 96 7% 0 Amer. shares 300 400 -■ *16 95 11 96 1 (The) *10% *95 8% 8% *178 263% 16% 100 Bldg 181 : 263% 26 ■ 42% 42% 1 2.80 common Battery u .10 423% *178 V 8%'., 2 common 513% : 53 123 101% " Corp Corp. 250 ■ 18 . Co common Inc Corp ,"400 " 31 107 v *82 15 Co -. ^ 11% 105 107 19 18 3% 19 preferred Buffet 17i% 143% Evans Exchange 17 Xl8% 7 6 17% 83% Pittsburgh RR Co Eversharp 17 15 preferred series A Ex-Cell-O 16% 19 Corp 5% Apr '*30% 8 3% common Products 30% 14% Eureka Williams & 30n% 18% 4% preferred Equitable Office RR 30% 9 Emerson Radio & Phonograph Empire District Electric Co Erie 30% *106 4,000 29% 50 ^ 30% 15 Endlcott Johnson Corp 50 - 50 11% 19% Electric 11 '-'29% - 11% 19% common Natural Sharet 15-'11 f- . 11% 1063/4 preference Paso Emerson the Week '■ 11% *105% Sales for V & Co— Convertible preferred El 29% ? 50 Friday Aug. 19 11% No pax *11% & t per thare v 11% *59 400 18,900 , ' 48% 100 :■ 11;;-' *28% 49% 14% Auto-Lite conv 29 49% 105% preferred Elastic Stop Nut Co 5% % '29 47% 19 103% 103% 503% «<•» 105% 50c ■ f per thare 30% 59% 603 7% 16"% Aug. 18 29 48% preferred Electric Storage 103% *8% Products Co Elec & Mus Ind 11 •* 1053/4 4%% Electric Boat % *11 7% 16% 7% 16% Thursday Aug. 17 1 per thare 1 6 9% Aug 12 46% Aug 18 4 Jun 10% 47"% IS 31 28 Jan 103/4 163/4 Wednesday « per thare ^ IS Jan 6% Jun 3 1 perthgre 7% " 500 900 ' '.. BALE PRICES Tuesday Aug. 16 105% Inc 4% Jan lOVeJan 1 Monday Aug. 15 IS Manufacturing Co Electric 18% a preferred 4%% Ekco 28 13 36 . 6% Aug 11 6% Jun May 7% Mar July 12 3% Feb 20% May 11% Jan Dec 42% 11 I Elliott Co 15 6% 43 11 Elgin National Watch Co 13 Jun 42% Jan 23 % Aug 104 42% 11% No pax 22% Aug 18 17% Jun 48 Jan 43 *103/4 10 3/4 13% Mar 24 Jun 48% Jun 34% 10 Oct 50% Feb Sep Jan jun 13 Deo Aug 19 2% Jan 12 49 9% Jun 4 Eastman Kodak 36 .51/ 2 16% July 65% July 9% 7 15% Apr 14 13 7 Jan 74% 34 *42 3/4 —■ 7 27% Jan 9% Feb 1 % Jun 34% Jun Jan 17 42% Co Airlines 200 10% S8 Eastern Corp common Eastern Stainless Steel Eastern 1.5C0 10% Cigar Corp lagle-Plcher 6% 19% 42% 1st pfd 7 100 6% 19% 19 10% 5 Duquesne Light 5% 6% 19 43 503/4 43 *12% *6% 19 55 10% 101% Aug 12 Apr 5 May 2 7% Apr 1 12% 6% *53 56 43 121% 14 6% *18% *53 363/4 50% 101 32% Mar 18 2% May 56% • 12% 6% *19% , ' 56 18% 1213/4 D W Q *53 55 5.5C0 123/4 IOI1/2 4 8,900 18% Nopar 185 1 1,200 221/4 36% No pax July 25 Jun 41 22 *12% series 13% Jan 33% Apr 29 12% Feb 25 Jun 19% Not (E I) 94 Jan 41 223/8 , 36 No pax 12 8% 41% 22% Saturday Corp 88 Jan 41 22% Aug. 13 Edison Bros Stores Inc Jun 41 22 % 19 $3.50 10 40% 123/a Preferred Jan 40% 22% 35% International Duplan Eaton 106 ' 2,500 19 preferred conv 20% Mar 30 16% Mar 29 5 23% 123/fe : $3.25 2nd preferred Dresser Industries common 18 16% 41% Dee Jan 203/4 233/g 13 common July 20 32% Jan 7 37% *55 t. 164 203/4 23% 36 series 47% Mar 29 20% 23% 18% No pax Co 7 Feb 1% Not ,48% Dec 12% Dm Ltd $4 preferred series A 13% Jan 13 20% 23% 600 2,300 *34 % 21 Douglas Aircraft 13 32% Feb ' 38% Jun 20% 23 7 19 No pax 14% Apr 16% Dm 39% Not 11 14 14 Jun 7% July 11 7% Jun 14 20% 23% 700 <•'. 30% 35% S 21% Jun 5% Jan '• 13 6% 18% $4.50 115% Jan 12% Jan 10 7% 35% Corp Deo 92% 10% Dm 92 Jun * 12% Preferred 8 12 31% 7% 19% Common Aug 31% 0% .60« 19% May 33% Deo 12% 102 3 20 31% 63/4 20% *52 53 Aug 18 123% July 5 28 15% Jun 46% May 175 14 13 Not 22% Jan 157 Jun 9% Jun 25% May 20% May Deo Feb 97% Jan 112 Jan 13 ? 119 31% 35% No pax Dow 21 2,500 4,800 35"% 19% A Du Pont de Nem 43% Jun 113% Jan . 53 Pepper Co Class July 13 24% May 4 86% Jan 21 24 37% 35% 303/4 22% 51 No par No pa* 50% Jan 21 108% Jan 233/4 36% 23 40% 23% 22% «*2E Dome Mines Ltd 106 27 11% Mar May Jan 24% 36 *35% *35% Co Corp — Dixie Cup Co common Dr. 1,000 37% *20% 20% <; 23 41% DItoo , 6% 23% § per thare - 6% 12.BO Corp 17% Apr 20 63% Mar 31 22 Apr 29 17% July 28 Jun July May 33 1 101 12% Deo ; July Jan-18 Apr 26' 14% Mar 29, 3 47 25 . 400 36% 6% 22 EXCHANGE Jan'/8 8% 36 31% 41 NEW YORK STOCK 53 12 11% Not : 30 45% Juri ''13. 10 - 17 70 *83/S No pax parfclc ^preferred Distill Corp-Seagrams 97% 23% 6% 20% V » Car 98% 97% 36 31% - 7% 220 98% 36% 32 % 7 20 Corp 28% . 21% 36 100 8 per thare 24 973/4 300 36% 36% 35% 6% Hlghsst -8 per thare 46% 29 pfd 21 35% 35% 321/4 V. / —100 com 20% 36 STOCKS Lowest. 98% 973/4 20% *35 % ^ *18% Range Slnee Jan. 1 Highest 28% 98% / 35% * > ' 6% Eaage for Previous 10.000 28% 98% 97% 20% 50 Co Stores 283/4 28% 28% 98% *97 7 19% Diana 1,900 6% 100 Devoe & Raynolds class A Match common 16% Aug 18 203/4 7 Light Co—13.50 T Motor 20% 7 6% 6% 20% 7 *18% Diamond 203/4 21 7 1 Diamond 5 17% 7% 1 1 12 % Apr 13 Year 1948 t". 45% Feb 14 13 12% Jun xl9% May Lowest V 1' 9% Jun 6 % Jun — 18 Wr 39% July *16% 7% 1 Steel Vilblss 17% 10% 8% Detroit-Michigan Stove Co De *16% 8% Detroit Mar 29 390 12% 8% Detroit Hillsdale & S W RR Co_ 100 7 11 13% May 3,300 96% *113/4 8% & for 10% *96 12 8% Western for ctfs 11 96 12 8% 20 Detroit Edison 10 9% Jan 8% Dec 22% Mar ctfs Escrow 22% Aug 18 7 4% Jun Escrow 1034 953/4 8% & Delaware Power 7 10% V;r 953/i 95 8% Denver & Rio Grande West RR 14% Feb ■ 28% *97 x97 v No pax common— Lack _7 10% - BOe _ preferred Delaware 20% Aug 18 19 12 BOe Delaware & Hudson 7 19 _ Deep Rock Oil Corp 40% Jan 21 9% Jan Records 7% 95 *11% 11% 100 series B Deere '*93% 12 11% 100 series A 3.75% Dayton Rubber Co 8 Jun 3.75% Preferred 5 x36 5% Jun mmm Preferred 12 13 11 94 *11% 20 Corp (The) Dayton Pwr & Light common— Decca 10% *93 100 Chemical Davison 7 Jan Mar 29 31 Jun 13 % 7% Feb 9% Jan 29 1 2.50 3% % 24 'Sep 24% 82% < Jan Dana 15% Mar 18 4 8 . 9 453% 4% 313% 103 31% *102 31% 103 31 % *102 31 % 900 103 100 5% 5% 5% 5% 25,500 11% 11% 11'% 11% 5,600 52% *51% 52% *51 Vs 53 62 *60 % 63 *60% 63 5% 11% 4% 8 9 46 4% *4% 8% 9 4% 8 % 4% .43% 8 100 „ 700 8»/s 800 9% e.ioo 46 % 1,400 9% 9% 46% 46% 46% 3% 3% 33% 3% 900 ♦' )■. THE Number 4831 Volume 170 COMMERCIAL NEW for Previous Year 194* .'r : * 37 64% 13, 41% Jan Feb 28 15 19 Nov 3 NOT 11% Jun 11 Feb 16 Oct 127/a Aug % Jun 11% Mar 7% Jan 9 15 , I Jun,,' 6 32 43 Jun 20y4May •; Mar 8 14% Jun Dec 12% May 3% Jun 14 Peb 31% May 24% Feb 9 90 Feb 5 30 Jun 95 % Mar 23, 14 % Jun 13 100 % May 20% Jan 3 Sep Jun 12% Jun 14 17% Jan 8 63% Feb 69 7/, Oct 63 y2 July 13 70 Dec 53 Jun 43 50 % Mar 31* 103 7/s Jun 105 59% July 53 107% Not 49% Mar 3 Firth 7 98% Jan 7 Dec 22% Dec i 40% Dec 79 Dec 24% 97/, Florida Dec 89 July 18 i 12% Aug 19 29% Jan 0 Food 26 3%% 9 Feb 26 12% Aug 17 May 8 Jun Oct x38 10 Feb 47% 17 7/, Mar 13 10 % May 13 Feb 26 19 6 53 Aug 11 16% May 27 20% Jan 12 14% *14 V2 14% 14% 14% 14% 14% 3,800 *36% 37% 36% 36% 37 37 «*367/a 37 y4 18 17% 17% 17% 18 18 18 18 ? 28% 100 Va 99% *99 y2 14% *14% 14% 15V4 15% is y8 15% 68 y4 67 ya 69% 70 70 47 47 47% 47% 48 ' 11V2 11% 11% 11% 11% nya 11% 27% 27% 27 y« 27% 28 28 ya. 102 »/2 *101% 102% ♦102 r *21 y« 21% 22 ' 16 16 22 16 10% May 10% May 4% Jun 7% Apr 4 Dec 4% Jun 14 7% Jan 10 Dec 20 Jan 14% Jun 30 17% Jan 8 Dec 12 Aug l 9% Jan 10 Dec 34 15 41% Jan 13 Feb 25 17% Aug 18 Game well Co 15 Jun 15 19 Gardner-Denver 9 12% Feb 16% Nov 23 y4 6% Jun 48% Aug 17% July 38% Jun Jun 14% 14 y4 13% 14% 11% 11% 12 12 y8 12 y4 12 12'/a 24% 12 y8 25% 6% Apr 26 Dec Dec 45 16% Dec 11% Feb 13 14 13% Apr 6% Feb 25 3 '/a Jun 21% Jun 13 32% Feb 4 15'/a Jun 14 23% Jan 7 13 % Jan 3 103% Jan 25 May 26% May 18 y4 May 9% May 105% 99% Mar Dec 42 100% Jan 8 7/, Feb 146 Jun 53% May 42 Feb May 99 11% July Dec 153 106 9% Mar 14 y4 May • 46 % Aug 106 Jan 11 24 - 25% 10 • 11% Nov 15 July Jun 13 10 72% Sep 82 Jun 65% Apr 24 11% *11% 11% * 8% 52% 51 % 15% 15% *15% 15% 18% xl7% 17% 17% 17% Nov 44% July 24% Jun 25 14 9 18 Dec X125 Nov 24 Jan ;; 34 + - 9 ; Mar 40% 39% Jan 937/8 Jan 4 x6% Jun 14! 63 Jun Oct 7 23 2 Jan Jun 6 .* 13% Jan 11 52% Jan 13 >7 < Co— No par 4y4 4V4 43/a 4% ♦23% 24% •*2J3/4 19% 19% 16% 16% 17 17 17 Va 17 Vs 17 y4 ♦106 106 V* I* 27% 27% 107% Jan 4 • per thare Oct 93% Feb 12% Mar 16% 12% ' 125% 17 % 26 Nov 2% Feb 9% . 13 preferred 138% 1% % conv preferred *99% 7 :.:i' 49% - •' _100 -*105 , " Sep 24% Feb 5 126 y4 Aug x97 - Jan 6 Feb 25 22% Jun - 17 13} Jun 28% Aug t Saturday —.w. 15 15 V4 Jun May 120 Jan 0% May 30% Jun v 20% Jun Jan 28% Aug 24 «; Mar 14 Oct Gen Public Service 99% July 18 ; Gen '•iV;-. * •" 101% 102 v *16y2 CLOSED V 22% Dec ' 21% Dec ' 98% Apr ' 18% Dec 76 Dec 72% 22% Jan 29% May 30 % May 102% Jan Dec 90 May 82% May * , 26 y2 3 Jan 27 Aug ; 8 7 4* 23 99% Apr 4 102% Jan 4 15% Jun 13 21% Jan 5 67 July 19 77% Apr 70 Jun 73 9 8%% 16%? leva.? 16 y2 *163/a 28 Va 28% 28 Vs ' 13% 133/4 13% 131/2 •120 5% 53/4 23% 23'/a nv* 27% 27% ; *27Va * 26 % No par 100 com 26% 26 21% 21% ♦21 2iya ♦99 102 100 *70 18% ♦65 71 *70 Dec 96 V* 79% Jun 1 83% 83% 14% 14% Dec 85% Jun 72 y2 July 11 21 y4 Jun 17 28 17% Jun 17 48% Feb 4 Mar 113 Mar 14% 122 52 y2 Jun Jun 24 104 i, Aug Jun 14 45% Jan 26 105% Oct Dec 23% Dec 5% 87/« Feb Jun Jan Apr 98% Jun Jun 10 1 % May 5% Feb 16% Mar 5 12 3% Jan 7 Oct 16 Vs Jan 4 35 Oct 16% Jun 14 23 Nov 31 May 89 Nov 99 Jun 93 y2 Apr 26 14 % 8ep 11 14 Mar Dec 20% Mar , Jun 8% Apr 19 18 Feb 5 i 23 Granite 36 Grant May 31 93 July 25 16% Apr 9 (B F) Feb 16 Apr 11 13 Vo Aug 8 Gt Northern Iron Ore Prop_i.No par 33'A.Jun 13 43% Jan 7 Gt Northern Ry •% Jun 16% Jan 3 18% Jan 10 145% Jun 133'/2 July Dec 10 Feb 90% Dec Jan 77 , 66 Jun 8 3 144% Mar 68 3 Jun 3 39% Aug 8 14% Mar 29 Jun 33% Mar 19 17% May 11% Jun 22 13% May 98 Jun 25% July 10% Jan 4 12 July 20 93% Jan 4 100 July 27 407/, Feb 13 % ^Nopar c": 6 13 23% Apr 29% 7% 22% 7 22% Great Western 7% • ... iNo Sugar com—No pfd preferred Green Bay A Western RR Green (H L) Co (The) 81 Jun 56% Jun 13 Jan 18% July 16% Jan 3 For footnotes see page 2* 71% Jan 20 ADr 7 16 Gulf Oil Corp Gulf Stater ntuities Co— *12 40 34 41 12% *11% .1% 7% 7% 22'/a 22% 1% 7% 7% :7% .7% 22% 22% 22% 22% 23 Va *22% 24% 98 24% *973/4 100 100 •135 *64% 136 *135 136 66 66 66 3i % 39% • 23 23 24% 98 98% 14% ♦33% 34% 33% 33% V 12% 12"% 18% 18% 135% 135% *65 39 *12% 12% 12% 11% 11% 11% 11% 11 Va 93% 98% *98% 983/4 17 Va 17 y4 *97 •11 6 6 *97 , ; 69 39 y2 17 135% *65 39 136 69 *65 12% *12% 11% 11% *98 Va 983/4 983/4 98% 17% 17% 17% 173/a 6 6 99 *98 6 Va 6 6y8 3,200 17 Va 8,200 100 . .) 69 *12% 13y4 ny4 1,200 37% ' *." 10 2,100 39% 39 39% ,100 136 135 110 .2,000 15 34% •12% 99 1 15% *33% 3 5% ,1.P00 1,100 1,900 143/4 No par 17% 1,500 ' 24% 98 '• 23 24% 100 23,100 14% 39% 12% 17 V4 ■< 12 *14% 39% . 1,000 l'/a 1% 98 3,500 41 104% 1% 24% . - 104 7/a 1043/4 18% Gulf Mobile A Ohio RR com.No par Feb 40% 18 Va July 11 14 104% 103% 104% 17% Jan 577/, ♦103% , 18 preferred— preferred- 103% 4 40% 17% 14 $5 63 60 ^900 4,000 r400 :• 63% 102 200 ,8,100 lr -1534 62 3/4 par 99 8 .,#i5y4 16% 4 Jan 15% 63% x?.7% 13 50 153/a'. 62 % 13 *12% 9 15% 39% Feb 14 , 2,000 , 100 13 Jan Jun , 3,000 , .' 52 ' „ ,100 39 5 41 100 100 ; v X9 9% 100. 28 y8 20% *51 ,' 39 9% Jun 58% Jun 52 13 92 Feb *33 20% 9% 9 Vs 28 20% 28% ♦493/4 100 .75 .. 38% Jun 44 , 273/i 20% ;■ 20% 52 *74 ; 12% July 7 28 • 13 9 24 •i 75 *74 75 38%- 97 Jun 5,500 38 Va 20 7/, .. 10O 143/i 12% Feb 20% Apr 6 7% July 13 35 14% 34% 14% 3,000 29 Va 13 Nov 5% Mar 15 14% 4,100 85 Ye 38% 12% 15% Jun 98 *97 93 •33 24% 24% 24% ♦H'A V, 7% 14% 22% 7% 22% • 29% 1% ■ 60 71 7 • 7% * 71 Va *65 f 38 V4 85 Nov > 22 Va ♦97 2,200 •19% Va 71 par 100 Grumman Aircraft Corp, —1 Guantanamo Sugar common 1 $5 conv preferred No par 16% 393/4 — Common $y4% 102 lVa 7% * 19 , *83% 12 22% 102 *99 71 % 71 * 29% 1? *22% 100 84% 15'/a 12 7% 21 Va 143/4 106 22% *21 Va 29% ♦104 1% 2,000 84% 105 22% . 603/4 ,■ 40 J/4 1 Inc Greenfield Tap A Die Corp Greyhound Corp 24% " 15% 60 „t 103 '/a *11% i 100 15% '(■. 104% 100 26% 14% 20% 100 ••• 39 V* 12 3 87/a *102 105 1 9y8 9 400 28 108 263/a 85 Va *493/4 ,59 Vs /jr 1% -2—100 . 59% 1% 20% 50% 100 39% *11% 273/4 28 rj'ifi'; rl5V+ 102% par Jan 32 59% r par coral—1 Stores , »■' 29% *74 >75 /.' 50 % 100 -,15% 102% . 105 11% Jun July 15% . 39 -2—5 Co common preferred Grayson-Robinson $2.25 conv pfd ♦98 t par 50% May . Feb 60 par 15% May 40 Dec 132 9% No par / 36% 9% ;/ 7 7 >. / ♦65 71 14% 20% 50 V* —10 City Steel (W T) 3%% ' *49% No par com Union Co (The) Grand 1 20% 28 193/4 19% 71 % 27% 27% 20% Inc———-—10 Consol M S & P— Granby 22% Aug 15 28 y2 Jan 25 Co 27 par 50 1 100 preferred *74 747/a 2.50 No com $5 preferred No Goodyear Tire A Rub com_„No $5 preferred No Gotham Hosiery No Granam-Palge Motors. Aug 11 10 18 9% Mar X105 20 15% Aug 29 Goodrich 9 34 conv Goodall-Sanford Mar 24 100 (The) Gold A Stock Telegraph Co 7 64 14 4%% 12 Oct 50% 96 7/, Mar xl2 Jan 17% Jan Co Goebel Brewing Co 8 103% Aug 38 7/, Mar 5% 116 29 Oct Glidden 747/a No par preferred $4.50 Gleaner Harvester Corp 7 9% Aug 13 14 y, Jun 31 53% Mar 25 3 x95 y2 Jun Jan 28V4 Aug 18 21% Jan 6 Nov 64% 94% Mar 2% July 5% Jan 24% May Dec '47% Mar 15 48 76 20 23% 108 t 102 193/a 71%: 283/4 ' Nov May 55% July 6% Oct 5 Glmbel Brothers common 23% 21% ♦99 102 19 y» *84 14% 14'/a *21 y8 6% 86 *84 1,000 3,300 ; 600 f 5% * 29 Vs 28% 21% *65 7 6% 7 53/4 . Vt: 26«/a 71% 71 28% / ' 107% 107% ♦26 *99 5% 23% 28% ♦28 28% 107 26% * 71% *65 . 23% 233/4 26 19'/a . 30,300 122% *120 121 5% •21 > 102 *99 v: . 71 »/4 _100 87 * 106v4 19 Va ♦18% 5 107 107»/a 26 y4 6% 19% 1,700 2% 2% 3. 121 V,-: 53/4- ♦23% 106% : 122% 5% 28% 28 5% 23% 23% 106 y2 , r, ♦120 122% ♦120 122% 5% 28% 75 2% 2,100 1,400 16% - 300 ; 1 15 com—No par No par 5 • 16% Gillette Safety Razor 17% Jan 2% V. 2% I434 Georgia-Pac Plywood A Lumb Co_l 14 fit- 16% 7 12!/4 Jun 2% 15 7 May 13% 13%, 16% 12% Feb 25 f 800 283i 13% 209 A 5 500 16 3A 2d 13% *16Va 143/» 33% Jail Dec 1 102%: 14% 15 17 102% IT 1 preference 102 ?/2 16% 14 $5 conv ♦1023/a 14% Jun 13 126% 102 y2 17 V, 24 Jan 126V4 28 28 •..» 163/V No par preferred preferred— Shartt r & 62%. 126% 17 39% May 91 61% #1253/4 *16% Feb Jun 62% 14%- I 277/, 5% Jun 61% ♦125% 2% 10c Refractories 4Vt% 3 ,"j 62 14 Va Gen Tire A Rubber Co com— 11 Mar the Week 2% —100 Time Corp preferred— Sale* for I per thare > 14% Steel Castings $6 pfd—No par General Telephone Corp_ —20 4y4% 126% • ■ Friday Aug. 19 i ? Aug. 18 f per shara . 2% General Shoe Corp General {Thursday) share 2,000 106 *105 - 14% /„/ Gen 22 »/2 Apr 18% Jun / Jun 30 122 >.■ > 240 126% 3 ' 1 I06 /' 61% 120»/4 27% 13% 13% *105 126% 126% 4,500 51 ; *102 27% r *126 . 7% 51 ,..*101% .102% A/ 16% 16% ; 16% 27% 9 per ' ■ 126% 10J ♦105 6i% 6iy8 126? 7 800 ' 50 . 45% 100. *99% * 126% :• 9 per share 126% •, v 300 14,400 5,100 37% No par preferred General 8 . STOCK EXCHANGE '50% ■ 138' 37% >-144%!; 7% 51 < 19% 138 101. v 7y8 180 V 28 I. 19'/a» ? 6,200 7% ,70 U28 3 Gen Realty A Utilities— < 7 - No par Corp Railway Signal com 6% 1 ——_—lOo Utilities Public Gen 6 24% Jan 22 31% 132% Gen Precision Equip Corp 7- VJan No par Co Cement 7. 5% Aug 11 10 Portland 51 50% 106 61% 126% 5": No par series: Outdoor Advertising General Aug 18 123 May 19 , 4%,Feb Gen . 61% 10 44% ♦99 Y» ■■■' 7 7 :> M $ per share $ per share No par 8 20 y« Jan 14 $5 preferred Preferred $3.75 18 ; 3% Jan 23 Par ' ,3/44% 'i- 101 LOW AND DOW SALE FRICM Wednesday Tuesday f Aug. 17 f Aug. 16 V '; Monday Aug. 15 .-''Aug. 13/7,, « General Motors Corp com . 15 16% Mar 11% Jab/3 2% Jun ..*.',*,.4J*" 8 - 102% Aug 19 16% Aug 16 11%-July 19 Jun 128% I Nov 110% 63% Aug 123% Jan; -Nov 20 . 22% Ffeb > , 14 * "M?' 38 Va 38 Va " 126 .' *105 4-------.fr STOCKS '».• * EXCHANGE •> ♦ -t-per thare 15% Dec 4% Mar ; ^ .1$ i 50% 1.126 103 138 v2 ■37% 441/4 .'44% 7 *49% 49% 123% *137% 19 *99% * " *126 138% 37% 37% 102 7 •1. 19% 19 138% 44% 44 44 y4 101 ,r3 19% 10 3A *70 • 3,200 lO'A 7 7% 287/a ■Ab"' 155 , *10 70 Va *28 '■:* 29 19 10 Va 10 r 3,000 45 Va 106 Va *153 ♦70 70 ya •27% *• 106 45 10% S' *70 138% 36% 37% 36% 43% *93% 100 . NEW YORK STOCK-'. i Highest 18% May c:i 4% May Dec 18% 120 Jun 99% Jun , ' 51% Jun NOT 66 < Feb 107/, 4" * per thare E*-i-|>,per thare 50% Mar 119 L*WMt Highest.' i: -3' frn 19 18% 138 y* i 10 y4 7% 7% 70 28% f)..": 70 3,400 106 ■ 155 *10 4,300 17 y8 *102 45 ya ♦153 10% 7% 7%:- 6% 7 70 Va *1"0 10% 100 ly Va 17 106 ya 10 y8 10 y8 155 •153 155 *10 10% 10 Va 10 Va 10 Va *153 106% *102 106 *103 io% 155 45 y8 *102 24% 19 Va * 106 V4 *106 45 y4 44% 45 *44% ' Leweuft 106% *106 45% /V;;">~'6% : I _No par 2,300 4% ' i 3,000 19% , 400 ■ 12% 24% 18% «' •: No par 12 19 y4 138% ' ; No par com Range Slaee Jan. 1 *, No par 12 '4% 27% 100 Foods Corp A.- VV :5 :,£> 50 11 % 11% ♦23% 6% k **nVi 4% 70 *■■<1 100 18 19% *10 No par $3.50 preferred General Instrument Corp General Mills common Baagefor Previous Year 194* •153 18 *17% 19'/a 9% ■ No par 3 ; 200 17 7% 19 V* 106%- •103 3 common 2*800 353/4 *16 24% 106 y2 44% No par Co preferred. General 16% •106 3 11% 7% *35 7% 4% 24 18% — 11% 1,700 17% 17% : 2,300 17 163/4 35% *7% *35 18 600 6'/4 % b 6% •' : 450 5Va 5 Va 5% *23% 4% *4% 1.66% 17 300 6,400 .71 69% 17% 17 17 «' 69% 63% 35% ♦17% .; ' 7% 7% *35 v 17 11% 11 11 ia% 5y3 18 *17% 18 17% 3' 6% 17 16% 18 % 5% /:■■■. 1,600 15% 6% 7 2,500 51 17% 35% 8% b */4 15% X6% 7 *35 24 50 Transportation General Electric 1 128% Jun Apr- 16% •17% 1 com 7% 35% * 93% Aug 15 97 '"V -2 Inc 2nd preferred conv 7% v 45% Aug 19 - 123% Jan.'} 4 44% Jun (The) 17% 1,400 18% 69% *5 20 12 Va 12 y4 8% 2,000 v2 24 , 50 xi7 y8 5% 253/4 *23 y2 . 50 90 253/a • 91 15% 6% 6% *17 5,000 83 Va 91 51%. *15 17% *5 / 6% 7'/a 35% ; No par preferred Baking preferred 4% 1 40 6% '17 v, „_No par General Cigar Co Inc com Apr - Jun 108 Feb 34 20 3 Jun 128% Feb s118% Feb 97 Jun 13% Dec ■ May Jan 139% Apr 17 41 4 7 Jan 31 23 Jun 43 Mar 87% Nov , 129 96 31% Mar ■i , 17 V Jun Jan 144 6 '55 26% *82 • : , 51 52 63 7 71 X70 72 70 ' 8Va 8% 8% 8 Va *51% 15% 8% 3,000 12% 11% 51% 13% 5 General Bronze Corp General Cable Corp. com 4% 1st preferred 79% Jan 20 28% 12% *23 *23 8% so *15% 50 $4.25 pfd series A 11% Mar 31 24 12% 25% 25% 25% 25% 24 *23 20 com— Industries General $8 24% ♦90 1 Co $4.50 preferred 163% Jan 19 24 91%. _ Amer 24 *90 General American Investors com__l General 26% 90 1 Gaylord Container Corp 2 25% 26 2,700 12% 91 90 com (The) conv 90 Vs *83 No par (Robert) Corp Wood 4%% 10% Jan 6 14 July 15 9% Feb Gar 17% Aug 18 107 Jun 17 15 July 97/8Jun 159% Apr Garrett 3 91% 12 % 26 82% 84 2,900 12 y8 12 •, 26 »/a 82% t 12% 26 84 *83 preferred conv 12 y4 26 84 —100 preferred 6% 12 y4 25% 12% 24% I2y8 24% •83 loo Gamble-Skogmo Inc 12, 700 14% (The) Galr Co Inc 10% Jun ~5% 27% Gabriel Co 133/4 14 Va 11% ' 15 16 Ye *13% . 400 22 16 11% loo *10 102% 22 16% 13% ' Dec 2,900 22 y4 16 Va 16 Va 11% preferred 1,900 28 Vr *1021/4 102 ya ■ *21% 22 13% i 6% *102 - 102»/» 100 11% 277/» *21 % 210 64 102% 25 2,300 *62 • 27% •>" Corp__10 2,200 48 106 27% par common 70 477/a 105 11 y4 * io 4% 64 *62 ya 63% 63% 65% 500 11% l Chem / • 105% •105 105 105 105% 105 *63% 66 100 16 ' 70 i ' Froedtert Grain A Malting Co Inc.l Fruehauf Trailer Co common 1 2 .-.*15% 46% 105 50 100% 1.*14% i 14% 15% 15% 68 Vo *63% 700 2,800 15 "i *14% *15 y. * 15% 105 400 29 *100 100% -*99% 100 100 15 47 % • „ 2,900 4% 283/4 29V4 29 28% 68% 15% 68% ^47 900 2,800 18 4 4ye 4y« 4y» '4 28% 28% 14% T 1,700 ' 4y8 :"' *4 4% 28% •„ ■ Freeport Sulphur Co 6% 78% Feb "" 29 • Franklin Stores Corp » 16% Aug It 14% 14% ' - 10 Corp Dec 69 4,500 14 y8 14 No par prior preferred Francisco Sugar Co 16% Jun Aug U par 6% 68% 84 ♦% . 15% pfd Foster-Wheeler 3 11% Jan 12% May 24% Jan % 38% 15% preferred Jan 26% Mar 17 Feb % 24 24 *38% —7% Machinery & 95 25% Feb 10 {k '-**■ • Corp conv 17 35% Steel 3%% 11 16% May U par Food Fair Stores Inc 19% Feb Jan % 99 y2 ' -/ No par Corp 18 217/a Jun 8% Aug Power 90% Jan 2 25'/a Dec Carpet Co No (The) common__No preferred No Florence Stove Co 0 38% May Dec Mar 22 24 29 May 14 14% % '• 25 (The) Follansbee 8 7/s Feb 92% Jan A',:.v: 100 Florshelni Shoe class A 78 14 14% % ' 14% Aug 18 * 20% Apr 14 '/a 14% % No par 24v«jt»u Jun 14 14% 4 l l com — 12 /• May 26 Jun 47% 105 82% Nov 16% May 19 15 38 37 < Rubber ft x9% Jun Jan 12% May 9y, Mar 27 $4 28 13% Jan 21% Jan , 102% Aug 15 18% May 25 , 24 38 *37 38% 14% !l00 Fllntlcote Co 3 23% 33% 23% 1 38% V;r;»17% a preferred 17% Jan 36% May 15% Jun 12% 4%% May xl04 Dec Dec 24 38% 23% • 3 First National Stores 9 31% Jan Dec 13 Aug 7 96 26 Firestone Tire 11% July 13 20% Aug 42% 37% 24 37% 38% 2 1 300 37% 37% 37% *37 37% Shares 23% Fidelity Phoenix Fire Ins N Y—_lo 21% Jun Feb Nor ; Aug 18 66 *37 false for tttWwk 9 per share 37 _i Felt A Tarrant Mfg Co Ferro Enamel Corp__ 107% Mar 17 3 Jan $ per share Friday Aug. 19 Aug. 18 38%- No par AV*%) preferred V" 5 Jun 14% 28 Vs > May 16 f per share 23% - ■ 1_5 Federated Dept Stores com 24% ' STOCK •CLOSED 1 Federal Motor Truck July 14 26% 6 t per share • ■ 1 Federal-Mogul Corp Dec July ' EXCHANGE < 1 Federal Mining A Smelting Co 42 . Aug. 16 $ per thare 20 Liquidating Corp Fedders-Qulgan Corp 17% 99% Thursday 9 per share Tuesday Aug. 15 No par Co FAR 19% Dec \ Monday Aug. 13 - ,7 July 21 v PRICES Wednesday Aug. 17 LOW AND HIGH BALE Fajardo Sugar Co * Fslstaff Brewing Corp Family Finance Corp common 38% Jan <20 .l3: < Aug 17 6% Jan 10 . 17 207/, '•< Fairbanks Morse & 7 17 RECORD Saturday ' Par 2p y4 May 3 39% Aug >; 5 14 7/8 Aug 10 Oct 28% 16 STOCK STOCK s per thare Jun * 33 y4 Apr TOBK exchange 23% Feb 34 Jun Not 20 i 35 y* Feb NEW High**} I per thare 9 per share Not Range Since Jan. 1 Lowest f per share xlfl % YORK (701) CHRONICLE stocks Highest Lowest FINANCIAL & 200 13 y4 V, 24,000 11 Va - ll3/s 98 , 98 Va 110 17% 17 Vb 3,700 5% *93 6 :_99 99 *98 99 10% 11 10% 11% .■nya 11 Va 11 11 y8 7,700 11% 49% 48% 48% 49% 49 Va *48 % 49% ,49 68% 69% 68% 49 69% 1,000 15,300 183/4 19 18% 18%— ( No par 23 49 V* 66% 67 66% ,.C7y4 67 % 68 Va No par 13% 19 18% 19 Y» 19 Va 19% "" - 3,900 18 Bottle Since Jan. 1 Year 1#4» Highest Lowest $ per 9 per share # per share NEW , CHRONICLE Monday Aug. 15 Aug. 16 f per share 8 per share SALE Tuesday Aug. 15 Par Monday, August 22, 1949 HIGH AND Saturday S per share share FINANCIAL LOW STOCK YORK EXCHANGE Highest Lowest & STOCKS , Eanp for Prerloos * COMMERCIAL THE <7021 ■ S per PRICES Wednesday Thursday Aug. 17 share the Week Aug. 19 S per for gales Friday Aug. 18 I per share t per share Shares share H *: 31 Jan 4 34% Aug 11 Haclcensack Water Sep 16 % Jun 7 20% Aug 19 Halliburton OH Jan 3 14% May 19 Hal) Printing Co 5 11% Jun 27 Hamilton Watch Co com NOV 22 % 12 % Dec ley* May Dec xl4% May 12% 12 13 Mar 89 Jan Feb 107 Jun 104 y2 Apr 4 1 Feb 27 y2 Jun 18% Jun 20 146% July 1501/2 i 20% t Dec 8 . 149 Jun 6% Jun 28 Jun 5% Jun 7 Mar 26 Va Jan 19 y2 Feb 3 Oct 27 % July 20% Jan 13 25 78 Jan 91 Jun 84 Jan 17 29 % Dec 42 Jan 30 Jan 3 103 95 y2 Jan May 98 % Jan NOV 24% Nov 23% Jan Dec 35'% Oct 34% Jan 6 13% . Dec 57% 128% 20% 20% 20% 143% 143% *142% 30% Apr 17% Nov Oct 9 10 *23 5 5 *61 62 61 —, 3.65% 17 Va Hercules Aug 19 19 27 Dec 1 35 14 122 21% Jan 26 14%. Jun 14 21% Jan 7 Heyden 84 »/4 May 6 79 % Jan 3 Aug 19 15 Jan ■r. 12% \ 3% % Hilton 2 Hinde 12% Jan 3 15 May May 4 Hires Jun 16 26 Aug 13 Holland Dec 13 Aug .15 Hollander 20 16% May 30% Jun Feb .18% July 12 15 ,8% Jun 29 16% Jun 20 Dec 34'% Jaft 43% Aug Jun X24 Apr 29 Deo 100 Jun 1 Apr 30 30 . 24% Nov 99 24 % Mar 10 Feb 35% Feb Nov Oct 42% 96 15% 25 29% 22% Jan 21. 27% Apr 1 Dec 103 Dec 29% 15% Jun Dec V 11 46 Va 3 99 12% Mar 30 34% Jan 28% Jan 6 81 Oct 94% Jun 86% Jan 6 38 Mar 42 y2 Jun 20 49 Oct 20% Feb 38% Jun 29% Feb Dec 23 Jun 28 Dec 4% Jun 7 8 % Jun 48% May 14 Jun 12% Jun 31% Jun 35% Aug 18 95% Mar 14 * 7 14 29 47 8% Sep Sep 14% May 34% Jan 50 Nov 12% Dec 22% Jun 9 19 Apr 10y« 2 39 4; Aug 18 8% Dec " Dec 5 17% Sep ' i 8% JaU 5 (Charles Furnace 14 6 $ per share Jun 31% Jun 7 35 Sep 95 Jun 29 96 Jan 4 20 Jun 13 28 % Jan 21 25% Jan 4 y i May 51% Jun ~9% Feb 12% Jun Nov 25% Jun 21% Jan 7% Nov 15% Jan 38% Dec 56 Jun 33% Mar §8% Nov 76% Jun 55 Jun 155 Nov 30 Feb 160 4 Jun Jun Jan 34% Mar 47% 15% 21% May 8% May 11% Jun 23% May 12% Apr 86% Jan Feb Feb 13 Dec ' 86 Dec ' 103 Dec- 3% May Feb ,, Dec • 156 Nov Dec 4 > 7 25% 26 42% 28 *18 28% 108 28% 28,%, 98% 11% 34% 45% 36% 15% 11%: 12 35 35 94 45 % 45%: 36% 37 11 14 3 765 x45% 9% July 29 15% Jan 26 11 93 % Apr 20 X145% Jan .5 Jun .1 164% Jan 3 10 Int'l Business 7 Int'l Harvester July 26 24 7% Aug 16 24 14 29 73% Jan 17 81% Mar 11 3% Feb 25% Jun 26 5% May - Feb 34 % 139% July 64% Jun 99 Dec . 41% Jun 94 May 107% 45 Jan 5% Jun Jan 50 Jun 64 ■ 135% July July 14 Jan Oct Jun >60 Jan 41 5 13 8 9 20 Jan 5 14 30% Aug 8 18% Jun 7% Jun 13 16% Jun 7% Jun 14 14 7% Feb 17 38% Jun .. 8 9 Feb 35 « Aug Feb 65% July 17% Mar Feb 55% Aug 18 61- Mar 22% Mar 143 100 71 Mar . -5 Va Aug 19 31% Jan 7 Aug 18 30 Nov 7 13 X 8 Jun 43 Mar 14 Jan July 28 7% 2% Jun 13 Jun 11% Jun 14 81 39% Feb 48 May 44 Jan 24 56 88% Oct 99 May 95% Jan 17 103 33% Sep 42 % Jun 100% Feb 113"% Jun 6 29% Jun 30 35 Oct 98 Dec 106 May 102 Feb 145 Jan 158 Jun 155 May 23 15 33 % 32% 33 7,900 54% *54 54% 54% 54 % 54 % 54% *53% 8% par 5% Jan 8 18% Jan 24 91 %' Aug 5 V July 20 Jun 40% Jan 30 7 6% 1 •• •**157% v;:J ♦ X —_No par i i ■ 39% Oct 21 Jun 14 33% Jan 7 93% Apr 73 Jun 28 86 30% Nov 3 43 % Jun 31% Jun 14 40% Mar 16 Jan 600 3,900 6% 6% 4274 43 63V2 65 64% *157% 158 *157% 7 *6% P Dept Stores.! 43% $6 No <3% - Va 1 14% 1 210 66 1,300 *157% 158 158 • 34% 34 Va . 34% 14% 14% 14% 14% ■ - 9% 9% 9% 400 14% 14% 14% 14% 3,800 90 90: 90 90 1 Va lVa 1% 10% 10% *176 176 175 176 26% 26% 177 177 176 *173% . 26% 177 177 . 1 Va 10% *172 „ 26 Va 178 *177 7 '/a 7% 7% 7% 17 % 7% 26% 26% >. 26 Vs 26% 26% 26% 27 27% *27 77 Va •73 77 Va 77 •75 *74 77% *73 77 Va 53 % ' • . *99 % •; ; - 5% 53 53% >: i; 53% *99 % 102 5% 54% 4% 5 55 *99% 6 *5% 28% 137% 54% 102 5 5 29 Va *137 137% 53% *99% 7% 7% x29 29 *137 54% 102 7% " *137 55% 54% 102 *101 % 5% 5% 5% 54% 55% 54 55% 51 54% 54% 55 *5% 52% 56 55 : 5% 100 1% 10% 26% 26 Va *9 * 1% 10% 175 1,000 9% 10% 25% 2,ioo 14% 1% 175 ,y. 90 *89% 91 34% . 10% \ ... ?;'■ *54 A." / *43% -'•'44 46 * 56 % 47 *32 Va '■ 33 *53 % 400 3,200 400 176 26 % 19,700 260 178 7% 840 27% 2.000 100 77 5Va 4 600 29 Va 8,900 137% 40 55 Va 13,000 103 5% 50 1,100 51 *53 .55 31,610 44% 45 44% 45 45% 1,000 47 47 46% 46% 46% 46% *45 46 % 900 33 32 Va 32 V8 *31% 33 *31% 33 *32 Va *44% 8% 8 Va 8% 8 Va 8% 8% 8% 8% *8% J. —5 15 i_50c i;. 15 22% < V. 22% *27% 27 - *136% 28 27% 138% 14% 8% 8% 8% 8% 8% 8% 8% 8% 15% . 15 Va 15% 15 - 15 % *22 22% 22 % 22% 22% 27% 27% 27% 28 28 300 *26% 27% *26% 27 % *25% 27 VV 27 % 27% 500 *136% 138 % 133% *133 138% 141 *133 13% *12% 13% *12% 13% 13% 13% 90 % 90 % *90 90% £0 90 90 90 56 *55 56 •>; 55 % 55% *101 102 % 4 No par *55 .—100 *101 No par 39 Va 100 *107% 56 102 % 39% 109 *54% '101 102 % 39 % *107% 109 *107% 37% 37% 37% 37% 105 V* *105 % 105 Va * ■ 4 *13 Vb 13% 4 170 25 25 Va 79 79% *79% 33 % 33% 33% ^_100 1 170 *155 25 ' 101 39 Va 40 103 109 101 40 Va *37% 105 % 109 % 37 V2 37% 105% *105 % 105 % 170 *155 Jones & Laughlin Steel com—No par preferred series A 39% 39% 105 % *155 Manufacturing Co 4 Va 4Va , 4 4 Va 600 10 • 700 100 " pfd—100 ,— 4 . 141 90% * 1,700 22 % 22 % *4 Va preferred—; 1,100 *27 % 28 89% Co Inc com 26.700 : 28 *22% *12% 4% 100 8% 8 %, 15 15 45 % 1 i 200 44 & Chicago RR stamped-,_100 5% 400 43 -v 65 % *42 % * *.___^__No par . Joy 42 % 65 % 1% 26 No par Jersey'Cent Pwr & Lt 4% 3%% 7 *10% 174 176 19 % *89% 1 Va 25% 9 % 14% *8% 8% l Jaeger Machine Co Jewel. Tea *157% 14% par common (F L) Go 64% 34% 14% 14% 10% ' *172% •• v- 34 14% No par preferred Jacobs x42 %' 158 34% 14% - 91 10% No par Island Creek Goal *6% 64% 34 14% '14% 1 : 25.' — Joliet Feb \ *89% 25 common Johnson & Johnson common—12 % 4% 2nd preferred series A 100 83% 8 % 26% ■ No par *. 38 Aug 12 105% Aug 8 26: 8Va 26% 42% 14 Va _100 j. 160 Apr 8% 26% 42% *8% ■ 15 Johns Manville Corp com 3% % preferred—! 29% Mar 8% 26% 7 34 14% ■I v 1,400 8% 65 X34 No par Corp . 26% *6% 158 54%- 100 • *8 26 - • * ;?' V- -J 54% i 26 8'% 25% 6% *63% ' *8 26 42% '■ 5 110% Feb 23 . 8% 25% . Jan 6 32% i—No par International Telep & Teleg Foreign share ctfs International Utilities Corp 21 Jun 33% Int'l Rys .of Cent Amer com—No par -Jan 30% Jun 32 137 % 32 101 32% 137 % 14 3 32 93 137% Jun Jan 32 Va 31% f *91 98 137% 24 May 98 1,070 —100 39% May 10 *94 800 14,500 24 Va No par Intertype Corp 23 % 98 33% 24 Va No par Interstate 92 % *9-4 33% 24% Paper Co com 1 Dec 31 33% 24% No par $4 preferred Feb Shares 24 Preferred preferred the Week -28 *79% 4% Aug 10 Dec 27% 80 80 28% 23 18 28 80 4% 29 79% 33% 27% 79 % 28% 3 2 * 33% 26% -•27 % '26% *80 4% Shoe Feb 33 % 33 % 26% 28% International Silver 148 26% 4% 7% for Sales Aug. 19 S per share •'/ - 33% 29% International :>00 23 % —100 preferred l.uOi) 12 Friday Aug. 18 t per share $ per share 4% 5% 12 1,300 1% 1% 12 Thursday Aug. 17 28% International n% 11,100 PRICES Wednesday 1 17 136% Aug 12 SALE 1% *11% 3.800 <v 9 23%.. 20 L__l, , Mining Jan May 2 12 Int'l Nickel of Canada com—No par 24 145 *1% < 23% preferred 26% May 35% Jun 18% Feb 9 *9 9% *94 Int'l Hydro-Electric Sys class A—25 Int'l Minerals & Chemical com 5 57% Jan Jan 27 9% 9% v-;' 23% —100 45 % Aug 19 11% Apr 4' 11% Apr 11 15% Aug 5' 12 V4 11 98 f_100 Salt 13 38%X:XV 12 *23 *No par common International 34 38% 12% *94 - Machine International *10% 38% 12 Va *78% preferred 4% 11V4 38% 80 common..^ i 178 3,000 *10% 12 HIGH -100 1,200: : 7% " *78% CLOSED S A— Mex, Rubber— Iron 180 Jun , Corp Interlake 7% -wlOOO A series Intercontinental 38 7% 10,500 ' 33 : 3,000 :' h ! 11% I per share 33 26 V2 EXCHANGE ser Aj_100 preferred-- 7 15% 100 pfd Insuranshares Ctfs Inc 4%% 38% ' t Eleetrica De Interchemical 38%: 45% 33% 38%. 80 45% 15 V8 2,200 92 % *14% " 35% 92% 12% Tuesday 33 STOCK — 6% *35% v 38% - Aug. 16 9 per share 1.900 38% 12 AND 30 11% 34% 12 1% 1% 12 Monday 1 per share _No par 30* 1% 12 700 210 98% *10% V 9 Va Aug. 15 . Illinois Power Co common——No 'par 4.70% preferred — ,_50 Illinois Terminal RR Co—5 Industria 11 % 9 ■•if- 4% clfs 8 , 1% .—100 Jun < lines stock 2VaJan 5% Feb 9Va M preferred 38% 3% Mar Leased RR 13% Jan Jun 12 23% 109 11% 35% 15 % b 7% 300 98% 39 : 500 9,900 28% 45% 7% 13 Va 25% 42% *34 38 38 7% 600 42% V 45% 15% 7% 18% 35 93 500 1,600 12% *103 45% 37% 39 11% Saturday Aug. 13 Inland Steel Co Aug 28% Jan 38% 12 Par conv 29 22% *10% 12% 9 V Inspiration Consol Copper 8 93 24% Mar non-cum 9% Jun ■ = 18% Jan 3 11% 39% 12 "• 35 Va *92 300 23 25% * 98% 37%; 37 37 39% ;• LOW STOCK Apr 25 41% Jan 8 v 37 7% —6.66% Industrial Rayon Ingersoll-Rand common 67 .' Jan 37% 93 15% *10% ;12.50 — *15% 353/8 93 7,500 14% *12 Va 29% 12 12 *33% 10 13% *14 109 *97% 35 35 % ■. *108 12 *33% 35 . *93 _ *28% 109% 7% & Sm Ltd—No par 28% 109 % *97% 2, .00 84 9% 25% 100 i,00 17% 13% 42%- 98 *33 93 7% 25 % 42% 109 11% *37 5 25% 2,603 15% 25 42% 41% 108 35 15 Va *25 *97 > 97% 36 % * ——_1 43% Aug 17 Feb Feb 14% 25% 45% —25 c Indianapolis Power & Light—No Deo 20% 14 18 34% Co—20 8 Jun 9y8 3 „ 7 23% Dec 14% *.2 93 No par t v 26% Aug 18 8% Jan 10 71 4% *14 *25 11% preferred———100 Jun Jun 174% Jan 1 16% May x34% *■' 10 V8 Jan 4 May 31 8 Jan 15 ■ - , 33% Aug 17 54% Aug 8 28 7% Jun 20% Jan 13% 17% *33 Illinois Central RR Co common-100 97% May 137% *13 C 35 *83 13% 42% 28 —No par i 6% 84 *83 ;.v: 9% ■M 9% 9% *12% 25% 97% — YORK Power 84 : x9% 13% 17% 107 % Idaho 37% July Nov *83 10 42 —No par 7 30 29 84 9% *12% 25% _—No par Jan Jan Nov *83 9% 13 2,900 2,700 119% 17% ::;T8%* 8 per share ■ Aug 8% 84 9% EXCHANGE V 26 % 8% *83 l NEW Highest ;. 24% Nov 17% STOCKS Range Since Jan. 1 •j 'Lowest 7 39 % 17% *18 Va Corp 7 Dec 17% Hussman Refrigerator Co^___No par Jan 5% 17% 18%:* Hupp 30% Jan 62% 17% *.-10 30 —12.50 7 . 34 % *15 12% Foods 84 J 65 17% *12% Hunt 13 86 17% 13 17 Va 128 118% 15% Manhattan common—100 w 33% 15% 2.000 49% 49 113%v 15% 12% 6 Jan 118% 15% 12% 2% Jan 10 y4 Jun 32% 119%- 15% 12% Corp Inc 150 • 12% 11% Jan '7;^ 1.500 *126 13 Texas non-cum 10 29 Va 40% 16% 49 12 Howe Sound Co 5% 32% *118% 100% *40% 128 15 preferred „————_100 & 48% *126 25 Houston Light & Power Hudson 15% :%: 24% 28 24 42% Mar 32 Va 33% 119 36 % 29 24% Hudson Bay Min Jun Jan 118 % 101 xl7% com—--No par preferred--: —-50 Oil of *32% 40%;' 16% 16 400 94 % 36% 29 40% 15 Houdaille-Hershey Stores 33% 29 40% 16 *100 29 47% *'48 ^126 128 128 *93 100% 101 : 24 Household Finance com Houston 16 % 47% 36%. 24% $4.50 2nd pfd ser A $4.25 preferred Howard 15% 47 % *126 118% 15 Hooker Electrochemical Co. com—_5 3% "to 40 15% 32% (A) •& Sons—.————5 conv 2.9 40% *36 24% Sugar Corp conv preferred Mining—- $2.25 *110 29 47% 128 *118 i 101 29 *40 94% 5 Co— Hudson Motor Car-—— 22% Feb 135 15% 47 X" *100 29 40% *126 — Homestake 5% 101 *93 37% *35% 25 14% 7 73 5% 37% 21% 25 14% 7 July Feb *35% 21% 25 14% 3, 90 Oct 37% 22 25 94% r 21% 24% 24% *13% 14 Va Jan 42% July 26% *93 Ej———1 11% Mar 47% Jan . 35% Feb 125% 94 % 28% . 22 % 25 *93 *39% 100 5 10 — 22 22% *24% *100 - —1 Co 22 24% 94% *35% 100 A 7 27% Mar 160 24% *93 —5 ser 22% 22% , ^-25 Inc 1% May 23 Jun - 15% July 27 46% Jan 20 62% 11% '. ——* 26 $ per share Apr j 1% 1,600 —5 —15 —No par 1 ■6% 3.JD0 8% Feb Highest , I per share 150 1,10 ) Feb Year 1948 Lowest 95 7% 6% 33 % Jun May 14% Range for Previous 30% 7% 6Va Va ' Jan 3% 3 34% Aug 10 Nov 33 13 May 13 Feb 27 •s Jan 109% Aug 17 11 9 % Jun 30 Jan 29 4 100 7% 6% Hotels Corp Dauch Paper Holly 62 7% 6 Va & Co *61 7% 6% * preferred 10 300 6 V8 Chemical Corp.— 16 8% May 20 Jan 25% Jan 29% May Dec 21% 14% 400 5Va 7% preferred Hewitt-Robins < * 23% 7% ———100 Hershey Chocolate com— No par $4 conv preference— No par 14 26% Mar 62 10 145 23% 5 Va • 6% Motors 14% Jun *61 20 30 700 7% ' preferred 113 Vz Jun ' 5 % -300 - ,..v. 20% *142% 23% v 76 Va 20% 145 •12% 107 6 Hercules Powder common—No par 5% 20% 5% 62 • *75 *105% 7% common——10 W) *61 1.800 *12 liVb 107 23% X 5% 13% 6% Co— preferred 11% Jun • Glass non-cum 61 *142% • 22% 12 Va' 75 20 % 145 *5 <- 75 *105% 20% 22% 5 % ; • 7,500 13% • 20% 7% common (G 7% 23 *12 - ; '• 35% 20 6 Va preferred.--' -100 (H J) Co common———25 Helme 23 12% 75% 107 *34 Va • —1 3% % Heinz 23% 12% *74 35% X———,1—2 Hayes Industries Inc— Hazel-Atlas 127 y2 Jan & Hayes Mfg Corp Hecht Co 1 12% 75% *5 28% May 86% Jun Nov 78 *100 1 Mar 30 145 *143% r Marx—— Schaffner 123% July 27% Jan Oct Mar 17. i. preferred Corp of America commorf—1 4%% preferred —100 9 49 % Aug 1 15 40 Feb 25% Jun 122% Feb Apr Dec ; 114 : 20% 29% July 21 40% July 28 4 13 Va Jan 22 % May Dec 41% 120% - 20% Aug 100% Mar 4 34 Va t *105-% ■ - 13% 106% y2 Aug 36 14 22% V- 24 y4 7 13% *12 93% July 13 9% Jan 13 % 105% 6% 8% Mar 14 11% 20 *74 Hart 11% 19% 12 <M A) Hat Feb *34% 19% 75% 4 67% Mar 21 5- Jan 12 13% - 35% 19% 13% 19% 13% . *34% 35% 19 106% 14 Feb 20% 13% CLOSED *34% *72% 19 6% x20 18% , *105% preferred conv Hanna Feb 6% > 35% 18% 13% EXCHANGE: Cementing—5 __10Q A% i 2,4 y2 Jan 5% Jan 20 61 Jan 4 (W Ft WeH Co §4.25 pfd__No par Harbison-Walk Refre'c com—No par 6 Aug 23% Jan 13 3 4% Jan J&tt 107 y4 May 12 20% Jan Jun 79 Dec 59 142 Jan 34 % May Dec 4% • Mar 29 81 72 y2 July 26 79 21 Va *34% No par 15% Xl01% • STOCK 25 OCt 35% Feb 31 ■ *155 170 38 25 % 25% 79% 33% 100 *101 102 % 100 40 40% 1.872 109 % 202 109% 38 '105% 155 25% 30 79% 33% 33% 26 80 •79%: 33% 120* 55% 25^4 25% 80 *54% 34 Va 34 38 105% 800 10 170 26 5.000 79% 370 .34 % 2.100 9% 1.800 K 11 % X89 Dec Nov 98% Dec 23% 21 May 30 May 98 8% Jun 94% Jan 12 101 Aug 11 104 July 21 101% Feb 48% Oct 60% 100% Feb Jun 13% Dec 18 Feb 26 % Dec 22% July 52 For footnotes •** Jan 24 3 14% July 25 10% Jun 1 17% Jun 23 July 15% X34 % Feb May 30% 8 Kalamazoo Stbve & Furnlture.l Kansas Dec 48% Mar 12% Jan Xl3% Jun page 13 5 3.80% 4% 12 Kansas 57 23 4% Jun 16% Aug 18 14% Jan 7 21% Jan 8 17% Jan 7 preferred cum 43% Apr 1 9% 9% 9% 9% 9 Va 9% 9% 9% *9% 100% 100 Va *100% 102 104% *104 104% 150 41% 5,300 100 Kansas Power Kayser (Julius) & B 1; Co *100V8 101 103 103 Va *103% 104 104 104 40% 39% 40 40 41 40% 41 % 40% 56 '55% conv 39% *100% 100 *56% 57 56 56 56 com_8.75 15Va 15% 15% 15% 15 —5 12% 12% 12 12% 12 Co Kelsey Hayes Wheel 101 com__No par preferred & Light 101 ,100 preferred—. City Southern non-cum Class 10 City Power & Lt Co— class A_1 l 20 16% 20 16% *20 *15% 20% 16% % 20 *15% 101 v *104 40 56% 56 % 56% 700 15% 15 34 16% 15% 16 Va 16,500 12% 12 Va 12 Va 11% 11% 2.600 20 20% 20 Va 20% 20% 1,100 16 16 % 16% 16%, 16% 700 YORK NEW .VSTOCKS Range (or Prs visas Year 1V48 Lowest h«. ; Nt : Highest , $ per t per share share r Range Since Jan. 1; Lowest ?,! ,tw$ per share NEW Highest . 56% Jan vl2 Feb 60% Oct 40 Jun 6 40 y« Not 51 Apr Z39 Jun 20 /46% Jan 7 127/a Dec 11% Feb 25 13% Jan ,7 19*.'. Feb 92 Oct 11% Feb 42 % 16% , -\May 104% July 24 14% Mar 63 29 Va 75 Dec - 45% Feb , 4% 95 Vi •49 »• Oct 100 14 .,14% July 26 * -'.48% Feb 43 Jan <43 * Feb 4% Mar Dec . 8%, * 90% Jan 6% Jun 20 33V* Jun 13 3% Jun * 19% Mar 5% Jan Feb 56 ■8% Dec 12 16% Feb 43Va Dec 26% Jun 56 y2 Jun ,8 NOT 10% 31% Mar • ,38% 82 Mar 157 Oct 33 .Nov 8% 98 11% Jan 41 , 10 Aug 18 - 5% Jan 7 4% Aug 10 3 Jan . 8 , *24 % Jan 12 8% Jan 12 15 ;50% Aug 18 ..8% Feb 21 11% May 16 20 % Feb 14 6% Jun 14 Jan 34Vs Jun *24% Aug 18 25 14 54% Aug > 8 8% Mar 30 13 •37% July 27 *88% Jan 22 Feb 14 180 Jun 15 41 •x6% Jun 13 10% Jan! 7 66% Jan'JO 72% Apr Jan 170 i - 33 *52% Jun .17 70% May Jun Aug 15 Apr * 8 •24% Aug 18 14 14 17 Jan 7 65% Jun 14 78 Jan 27 Jan 24% Jun 16% Feb ' Dec 20% May Feb 68% Nov 307/e July Feb 21% 14% Jan Jun 138 Nov 158 23 Nov 25 15% Jun Dec 50 20 Feb -.35% May Jan 4 153 Jan 20 23% Aug 28 23% Jan May Jun 68% Aug 18 8 23 6 : MVs Jan I 3 Nov 37 3 x60 •<: Jun * 8 ■ Sep 22% Apr ' 5 18% Aug > 5 Lambert Lane 48% 48% 48% 48% 48% 11,700 42% 42% 42% 49% 42% 47% 42I/2 42V2 1,500 12% 12% 12% .42%; 12% 12 12% >12% 12'/a 12% 1,300 21% 21% 21% 21%. 21% 21% 221/4 7,000 LNo par* STOCK 12% I, 21% , EXCHANGE 96 96 • *96 «; >4% % 14 *13% *70 „10 29 29 29 91% 91% 91% 91%a ; 29 : *29% :*91%' 92 _! 41% 42% ,f __100 'i *13% ! 71 ' 29 . 3% lNo par 21% 21% *21% 21% .No par *10% 10% 10% ,10% *10% 45% (*44% Aug 11 163. Valley * Additional f ' Lehigh Valley Corp 98% July 95 /■ Jan 14 98% May 15 Jun 13 21% Mar 30 4 (The) - Savers *7 7<? Link Belt Lion Corp Co_____Z— Oil > ■ 180 8% L No par *58 Co (P). 58% 23% 14 100 *68% _1 18% 17%* 20% 23% 200 24% f 24% 24% « 24% 243/4 2,300 54% 54% 541/4 54% 3,600 , > - 23% 17% 23% *162 164 i, 34% 24%> *96% 97% : 164 34% #24% , 17% 68% 17% .67% 68% 20% 20'/a 20% 1,600 23% ft 23% 23% 23% 4,300 164 *162 v: 30 .. ■r', > 24% 30 30% '• 35 24% * ^ Lukens Steel ' f Lowest NEW Range Since Jan. 1 : Highest Lowest Highest / 1,500 • 97% *96% 97% *96% 971/2 19% 19% 183% 193/4 *96%, * - Tuesday Monday Saturday Aug. 13 • Far $ per share f petshare $ per share 2,600 251/4 10 1,000 LOW AND HIGH BALI PRICES YORK STOCK EXCHANGE $ per share J per ihart - ,per , Friday Sales for / Aug. 19 Abe Week Thursday Aug. J8 Aug. 17 V t per share /' Wednesday •• Aug. 16 Aug. 15 - £ per share 19 900 35 ' 18% / 19% 97%: 18% 19% 10 STOCKS Range for Freviona Year 194H Co 3,300 30 251/4 ' ' Jan ; 34% 25% 12,000 164 *162 J . 34% 34% v •200 5,200 1173/4 17% ; *29% !i 30 29% 24 % 97 V2 23% , 1,200 '7.18% 4.19 68 20% 23% 17;800 13%" •67% 20% 67% 23% 19 . 177/b 671/4 20% 17% v*' 34% . 19% 24% 13% 67% 4,500 1,500 60 24'/4 X 300 834 59% >; 68% 19% U10 41 8% .14 ; ■?67 1,400 3,000 179 *40 ■1. 24% 14 20% ' 29% r 24% ! 14 68% ,67;%/ 24 y. 30 24% ■ 18% 34% & Sons Inc com..1 series :A • inn ;V.i 59% 8% 59% 68 % \ 24% (M) 40% 5,700 ' 86% 179 8% i 37 361/2 r:'. 86 'ft 182 - 40% . "162 164. *180 ; 4,800 7 5/8 7% / f. 86% 8% ■ 13 % •66 40% . 59% ;t 7% .36% ■ > 59V2 >40% *34% 297/b .182 7% 36% i : 85% }>\t 8 • * 7% 37 5'/a o %: a 54% '. 20% >,17% 23% . 101/4 67 17% .____.100 Gas & Elec Co (Ky) No par & Nashville... 50 *9% ,18% 67% *162 503/4 v , . is y2 600 53/4 50 Ve 10% 5% 85% ■* 69% 19 20 % 10 . 14 13% 1 5% 50 ,,59 %> *68% >800 49% 233,i .,24 •!>-, 400 2,400 17% 17% ! 3,600 2 f9% *180 ?1 43/e >>7 2 17% 17% 4% 43/8 . J 8 4 3/8 2 3,000 2,220 10.% !>36% .40%'/ : / 2 ft 20 8% 49% >53% 7% 182 > 58% 69% 66^ common > 7%/ ■ 24 14 No par preferred pfd *40 40% No par Lumber •160 ,180 8 7% 'A ••86 < • 24% 36% 85% 86% Corp./ No par (Md) A__Nopar Cement Bell 4% % 85% ■*f 200 41 --.40 3/4 4% 4% 4% > 17% 5% ; 24% 36% 8% 400 95% / *9% ; i. '.54% > 7% 7%. 36% r *40 Inc Star Long Lousville / 7% »36% Z—-No par. Lone 7 % • > __5 Co. Lorillard par 2 - 8 41 4% 4% . *04 - 19 ' , 1,200 40% 19 ,49% 5% ' 49% ?« 53% 8% 233/4 23% 94" 4* 94 4% 2 *17% t ,10% <24% .No par Lockheed Aircraft Corp •Loew's 24% 54% » -t't 17% *9% 24 % ... Liquid Carbonic Corp com 3 %% conv preferred 2 49% > 54 7 393/4 » .19 40% *4 4% : *5% 5% io ;■> > 40% 23% 8% 4% 4% / - 17% 17% 49% 100 Lily Tulip Cup Corp... Lima-Hamilton 2 io 45% .* 40% 8 40% 40% *4 *4 .2. 5% *44i/2 * >95 ;'*94 8% 40% par 25 com. _1___ preferred * 5 Liggett & Myers Tobacco 8 49 45% 23% *44% -45% *39% " 17% 200 *18% 4% : 10% <19 4% 2 IO1/2 f*J8% 8 4% 800 ill 19 • 400 '*10% 11 2*% if 23,000 3% 211/2 40 95 73/8 *3% 21% 40 - 1,000 1,200 22 23% *94 •: 58 3% 3% 21% 21% 160 54% 73/8 7% • 200 *21% ' 3% 23% 40% *4 ] Z Corp . 94% > 8 5 — Stores Corp.. .No Libbey Owens Ford Gflassi—No Libby McNeill & Libby Life ft 3% 40 24 39% —1 Lerner Lowenstein 24 Va Coal com—— Lehn & Fink Products 25%'Aug 18 Dec 100 *93% issued— when 7% *18% 18% 1st preferred.iNo par non-cum 2nd pfd No par 14 Nov 18% non-cum Louisville 17 __3 ; *38% 23% 38% No par RR___; ' - 4 38% Cement com *44% 45% *23% 10 30% Aug 18 41% Jan 11 91 *44% 1 5 25 31% May 31 20% Jun j.—50 —Z__ Tirer_li__,_ Portland *500 -rt 7% 7% : Lehigh Lehman 7% 7%' Lehigh Coal & Navigation Co $3 54% 3% (James) & Sons Co com^ 3.85% cumulative preferred Lehigh 54% 3% Lees .. *57% J 54% 7% Co 5,auu X4i% 58% 54% 3% & 42% 92 *92 54% 7% preferred 1,400 93 ; 42% Ligh£ Co 4 6%.pfd—75"Pesos Mex common 29% 93 29% 58 54% — 29% 42% * . 54% 50 29% : 58 V* 54-je ;'54% 14% 71'A 42%' 42 %•• 58% 58 *131/2 *70 *57% 41% >58' 14 70% / . 41% *130 100 100 14 71% 69 100 70% 14 71 14 .No par (The) Rubber *97% 14 CLOSED . 21% i 98 69 1* 58% Lane-Wells Lee % 22% 96% 96Va ' \ 10 Bryant Shares 47% 42% Co Co - tli* Week share 42% ._100 (S H) .& Co__ Consolid Bales for S per 49% No par —No par (S S) Friday Aug. 19 Aug. 18 t per share $ per share No par com Kroger Co (The) May 24 ; -13% Jun 13% 14 Vs 18 ? 15 19 • >22% Jan / 6" Jun . ,'"* share 42% common preferred • Kress 19 Mar 21 85 - 4% Kresge May 18 Dec 68% 57% 46 26% Jan >43 13 7 May 13% Jun > 11% Jan .26 Jan Deo x!8 6 23% 15% > 22% May Jun >44% Jan 47 p Laclede ; Gas Jan 4% Jun 174% Mar Nov $ per 47% CO; common. Inc La 3 Apr *91 55% Mar - 26 x41% Jun May May Koppers Co 21 4 Jun/"' *15 10% May 41% Corp fG R) 17 ' 3 Aug ..'1% 26%, July . Aug. 17 Aug. 16 8 per share share per Thursday Tuesday • 5 $5 prior preferred 6 13 Jun 4%. July ; Kinney 7% Aug - 7 ?9 3 % 1%' Jan Aug.-15 lNo par 2nd preferred conv 8 14 > 4 16 % Jun 13% May 39 Jan 19% Jun 37/ Jan Jun 4% ? X55% Aug 14 99 Kimberly-Clark -2 5 9% Jun " Par . County Land Co Keystone Steel & Wire Co 59% Aug , 4 53% May 30% Mar ■ Jan ?42% Aug 17 10 *17% Jan ' ■;t 3 3% Jun 26% May ' Dec. 10 98 14 4% Jan "'47'*" May Dec v'v ■ Monday Aug. 13 • " 4 Apr ,29 V* May .. ♦ Kern Aug: 16 t) 31% Jan : 7 90% Aug 11 X35 % Feb 16 * >90 20 * Mar ?1% 71 Mar 18 62 25% Jun < Mar 24 25% Aug 35 f •> HIGH SALE PRICE* Wednesday LOW AND Saturday \ / , RECORD , STOCK Kennecott Copper 5 14 14% May Dec 42 6% May May Jun 10% Jun „ Oct 12 i *• STOCK 19 (703)' 1 Jun '9% Mar ' 90 July Dec 17 „> ,.22% Jan/11 17% jun: 15 July i 58 % Feb 4% - * Jan i :39% v Feb 40% NOT , Jun 37% Oct . Not 89 32 Oct .*'.* ■•*■>< per share YORK . »EXCHANGE /> V ■ &:FINANCIAL CHRONICLE COMMERCIAL THE ■Volume 170 " Number 4831 . I per share f per share share Shares M 9% Jun *35% 129 Dec Oct 13% Feb 142 Dec 27% 30% Mar 31 % Apr Jan 40 30 131 . 27% Jun 39% May 36% Jan "8% July 27 xl6% 9% 21 Dec 525 Apr 6% 10% Nov 7 Dec 15% Feb Dec 20 13 24 7 Jan 19% Jan 24 Jun v 430 Jan 500 Jan Mar 25 8% Jan 13% Jun Jan 15% Jun 14 18 6% Feb 10 10% Apr 17% Jun 13 X22% Aug % Jan 13 25% May ." j- 8 May 6 6 10 Mar 12 7 8 103% Jun 95% Jan 5 Nov 22% Apr 7% Jun 14 No par * Oil Marathon Corp prior 6.25 —5 pfd_i._100 com & Co Field 12 Apr 12 Dec 19% Jan 10% Feb 11 13% Jan 7 47% Feb 13 57% Jan n Dec 69% July 27% May 39% Jun 18 11% Jun 13 19% Jan 7 Master 2 Mathieson 11% 27% Feb X165 Nov >45 , Oct Jan 170 Feb 15 47% Apr 38 Jun 1 176 35% Mar 84% Mar 93 Jun 84 Feb 93 Jun 89 77% Aug 85 Jan 80 8% Dec 12% May 43% Jan 33 Dec 110 Apr 42 34% July 12 112 Jan Jan 89 30 ?4 96 9 85% Aug 16 9% Aug 19 38% Aug 16 May 25 Jan 5 Jan 29% Jun 14 23% Mar 31 May 52% May Dec Dec Jan 35% May 98% Jun Feb 24% Jun 15% Dec 24% Jan 15 Dec 23% May 80% Mar Dec 20% 96% Dec Jun 24 Feb 39 V* Aug 19% Feb xl3 Jun 28% Jun 20% Jan 3 Jan 24% Aug 12. 16 Dec 19% May 7% Jun 14 13% Jan 47 Dec 62 % May 34% Jun 30 49 12% Jan 18 % 12V* Jun 14 15% July 25 11% *8% Nov * Jun 50% May Jan 8% Jan ,7% Mar 21 8 22 20 7% 7% 73/4 16% *16 8% 8 7% 7% *17 17 23% 23% 102 9 100 ft; 9 9 17 17 *16% 173/4 200 9 8% 83/4 7,000 21% 213/4 i,700 7% 5,600 22 12% 12% 473/4 473/4 133/4 38% 38% 38% 38% 39% 179 176% 44% 45% 94% 94% -i *177 44% 45 *94% •96 95% 101% *48 - <96 96 1,200 400 48% 47% .•*13% 39% *177 180 Stores Corp com preferred conv McGraw Electric $4 N<Tpar Mines—^—..B No par •_ Norris 2nd pfd Shoe Mengel Co 5% Mexch 13% 13% 13 (The) 1 5fc common preferred Co Transp 3% Inc Co .No par 553/4 13 % 13 J/2 13 •88% 33 33% 84 32% 23% 24 23% 9 8% 323/4 • *23% 24 % ' 8% 8% •>0 6% *37 *38 39 14% ./"> 14% 143/4 14% 8'/4 *8% 8% 8% 34% *14% 34% 34% 343/8 1,100 1,700 300 57% 1,900 23% • 56% 57 •' 36% • 363/4 v *95 21% 21% *13% 13% 13% *32% 8% *38 15 600 % 1,700 33 % 600 23% 23% 5.700 8% 93/4 2,300 *38 " ; 39 *14'% 15% 1 8% 341/4 500 14 13 ye 88 •*32% . -39 15% 1,100 13% 9 *8% 1,700 21% 86 23% 8% 36% 99 ' 33% 14%. 100 98 ' 13% 86 39 Vs. *96% 98% 23"% -32%- 8 33 31 % *83% " *8% 400 31% 13% > ' 39 //:: *37 10 22% 31% 30 % '203/4 84 *33 113% 39 % 1 *84 400 39 36% 13% 13 1,400 39 *95 20% 84 95/8 98 •56 36 % 99 13 13 84 50 87 41 33 * 55% 20% 33 96% <383/4 38%' 36 *95 22% 70 323/4 31% 99 22 2,500 *9b% *30% >20% *13% 13 Stores Min & *95 99 Co...—:.—10 No par ..100 i 1st.series) 50 1 38 *112 112 22 98 30% 36 20% Mfg 32% 112 20 180 453/4 *381/2 41 *38% 553/4 55% .36% 20% Corp 1st conv Mercantile ,55% 36% ' *95 •323/4 *96% 31% 55 • 20 5 8 Corp common 414% pfd (1st series).. 4% 33 31% 31% 1 Co McLellan-Stores 22% 38 *31 ft 113 *21% 37 38 36% *11IV2 22% 33 *96% 41 98 *21% 33 <98 9% *38% 112% *111% 22% 22 33 98 Publishing preferred 112% 1 Co Robbins Inc com—18 Melville *111% 38 700 6,700 40 96 93/8 9% 9% 9% 9% 38% 9% 9% 37% No par i 1 1C0 Corp 3 % % 9% 37% 1,300 13% 45% "96 *85 * 48 96 46 44% 44% 40 8% 40 *177 180 1,600 23% 101 12% 13% - v. 39 % - 250 17 *8% 123/4 >13% 500 8 *12% 9 8% *13% 179 231/2 *100% 12% 13-% 123/4 *16% 23% 233/B 9% 47% 7% . 17% *100 100 223/8 -7% V17 23% 13% *123/8 ; 7% 7% 17 % 47 12% 45 8% 22 13% ' 10 2,400 *7% 8% 47% 12% 176% 23% 100 ' 100 9 *100 7% 7% 17 23% 23% 100 5 7% 17% *17 8% •22 21% *21% 21% *21% > *16% ,i 5,100 8 3/4 8 • *95% Mead 34 13 Jun 25 *7% 8% 9% 83/4 87 McQuay 88% Aug 19 70% May 25 ,46% May 73/4 17 • 460 8% 96% 17% Mar 11 15 834 8 8% 17 8% 16% > *440 ■••'•'.: 100 1,200 1,000 8 8% 7% '/■•' • *95'/2 17% Jan 16 ■ 460 *85 & 22% Mar 30 11 12% July 14 : 8% Corp—No par Porcupine July 20 : '■' 9 8%;. ! 96% McGraw-Hill 100 >>■; 8% i 87 McKesson 3 *440?' *85 Mclntyre 8 83/4 8% 460 *95% 19 Aug : *440 440 • 8 5/a 12% 12 85% 21 37 8% 8% 440 40 135 8% 83/4 12% 963/4 Apr 3 /4 8% *12% 8% >•'•■.< ft. 450 *430 ... 57% Aug 34 24 41% Jan 30% Jan 92% May 19 83/4 12% 8% 9% 8% 8% 12% 85% McCrory *42% 12% 12 %' yi t. 99% 8% 12% *95% McCall Nov 99% *97% 99%";; 8% 87 17 29 *97% *97% 98% 12% 9 97 10 Aug 12 (3,000 *95 Jan 25 32% *84% 33% Feb 4 323/8 98% . V cum 98 Jan 33 $3.40 19% Mar 22 Jun 32 , $3.75 cum 90 101% 18,300 99% ,38% No par pfd 1947 series__No par pfd— —No par Maytag Co common. No par $3 preferred No par $6 1st cum preference No par 113/4 11% 13% common $3.75 preferred 30% Mar 23 Jan Stores 11% 11% 31% 47% preferred Dept 36% May Feb 31% Mar 31- 112 7% May 11% IO3/, 1 Chemical *33V2 *133% 31% *8% 100 34% 34% 133% 107/8 ('/ft-f 300 10 5/8 10% 103/4 10% , *33% 31% No par No par Co - 133% 10% *8% Corp Electric 34%: 133% 31 —1 Co Martin-Parry Corp Masonite 41% Jan Dec 18% 17 97 >, Aug 23 88 87 Aug 11 Feb 21 29% 16 12 Jan - 25 41 Aug 46 > Aug 179 .7% Jun 27 110 Feb L) (Glenn Martin '■ 1..100 preferred 4%% ' ft 10 3/4 No par Corp 6% Ry ■ < 10% 34% *132% 107/e ' 5 > ... St ft ft 34% 133% 31% 10% 1 Exploration— Midland Marshall . Shirt Manhattan Maracaibo Market 14 Dec 9% Bros Co Marine 20 103% Feb 92% Sugar Mandel 10 —1 50 1 — RR Co Jan 8 29 Manati ..ft V •>■ *31 ' ,;>..' ICO (The) Co Coal May 14 8 24% Aug Dec Copper Magma Magnavox 17% 22% No par <10% *333/4 *132% *10% . 34% 133% *98% v/ft ft-:. y No par Garden Square Mahoning 19% Apr Feb Macy (R H) Co Inc com 414% pfd series A Madison *3 29 CLOSED 100 ...5 *33% *132% EXCHANGE 10 10% *10% STOCK ft Co com Inc Trucks 12 16% Mar 18 15 17% Sep 29% May 6 22 ,8% Aug 17 26 18% Mar 6% Sep 5 23 Jun 6% Feb . 13 I 14% Jun Dec 5% 10% Jun 24% May Feb Feb Dec ■ Forbes & preferred Mack 33% Jan 95% Jan Apr 490 10 100% Apr Jun 15% MacAndrews 6% 6 103% Nov 3 26 22 Dec 10 M Apr 138 14 94% & M Wood .Working 9 15% Jan 10 Jan 9% Jun Jun 14 % Mar 6 1,200 *8% V'8% 34% > 100 34% 3,600 t 27 Jan 34% preferred No par 2nd preferred.*—No par Merritt-Chapman &. Scott No par *111% 23% Jan 20 38% Jan Apr 28 90 __50c Mesta 34% Aug 17% Nov Feb 95% Jun 27% Jun 44% Jun 35% Dec 92 Nov 104% May Nov 106% 101% 13 Feb 38% Feb Dec 19% May 69% May 3 97 105% May 25 85% 113 18 July 27 30% Jun : 20 97% Jan '< 3 11 Nov 9% Mar 140 Jun 7 Mra-Continent May 4 Midland 139% Mar 3 8% 23 10% Aug 10 Nov 98 78 Oct 10% Mar > 25 12 15 43% Feb 12% Jan 2 7% Jun Apr 54% Mar 98 % 124% July 14 12 Jan 55% Aug 18 May 87 96% Aug 19 May - 66 % Jun 10 80 19 106 Mar 7 Jun 104 Jan ■4 18% July 10 % Jun 13 105% Aug : May 12 14% Jan Feb 15 25 67 % Jun r <»» footnote* «- .tv 15 80 16% Jun 16 19% July 11 Steel com *111 112% 111% 112% 112% 18% 18% *18 18% 18% 18% .18% 18% 1,300 35 35 *35 35% ,400 >■' 35% 35% 35% *100% 1003/4 lOOVz 100% 109% 109% .*109% 110% 109% 5 *11% 12% 11% 12 121/8 11% 10 41% 41% 41% 41% 16 16% 16 16% 1 No par 5 new *21% *127 _10O No par Minn St No par 3 % *127 8% Minn-Honeywell Regul com 3 3.20% conv pfd series A 100 Minn Min & Mfg common No par $4 preferred —No par 52% 53% & SS Marie 1 1st preferred ..100 2nd conv preferred ——25 Minneapolis-Moline Co common $5.60 $1.50 11% *96 77% ..106 12 35%;' ' 78 *127 11% *8% 11% 55 106 12% *96 "77 *105% 12% 16 129% 8% f 96% 41% . 22 54 11% 12 21% 21% 22 129% preferred Minneap & St Louis Ry P 400 97 112% 18% 35% Inc 97 96% 111% 100% *35 96% *95% 109% ' Prod 96% 97 96% *100% Petroleum 1st 18% *95% 34 1 112% *108% —ft Utilities / —10O 3.90% series Copper Middle South *94 34% pfd.100 Co Edison preferred 8 16% July 12 July 87 4.35% 14% Jan May 56% Machine Metropolitan >47% Jan 14 Nov conv 8% Jun 16 42% 24 $4 37% Jun 18% Jun Dec 26 $3.50 Mum! 14% Jun 128 9 Mar 14 102 110% Feb 106% Jan 8 Aug 19 Aug Merck & Co Inc common 96% 77 107 11% 8% 55 *95% 77 *10534 '42% 16% 22 129% 11% 8 3% 55% 96% 731/2 107 . *100% 42% 112 100% 101 109% 109 % 110 11% 11% 1.400 12% 16% 22 *8% 55 *95% 79% *106 129% 11% 43% 4,800 16% 163/8 27,200 22 22 42% 43% 16% 11% 110 100% 110 22 *128 150 , • . *128 11 3/8 *8% 834 55% 54% 55% 96% 96% 79% 107 1,900 11% 96% 8% 700 129% 79 80 *106 107 ft 700 2,900 70 2,500 10 12% 12% 12% 12% 12% 12% 123/4 4,600 70% 71 71 71% 70% 70% 120 19% 19 19 Va 300 *70% 71 % 70% 70% *18% 19% 19% 19% *19 19% *19% 20 THE (704) - COMMERCIAL; & 1 FINANCIAL NEW ter rmlm YORK Range glace- Jas. 1 . NEW ■r YORK 9 per share v 42% Feb >EXCHANGE I per thare 9 per there • 4 Feb 13% 38% Jun Jun 34 54% Jan 14 13 July 9% May Dec 9 V 99% Deo 101% liar Jun Jun 11% Jan 13 21% Jan 4 4 122 Mohawk 8 56 Mojud 112 14 103'/e Jun 16 10% Oct Jan 4 l47% Jun 13 12% Aug 17 '89% Mar 29 10 May 17% May 10% Jan Not 27 Jan 16 '/a Jun 29 11% Jan 21% Dee 14 Jun 13% Apr 3 20 6 23 Chemical Moore-McCormaek Morrell 20% Jan 20 (John) Motorola 20% Jan 29% May I6V2 Jun 0 19 Dec 21 May 15% Jun 14 19% Mar 10 Dee 24 Jun 11% Jun 1 17%Jin 8 Mueller ;1J% Not 10% Oct x9% Jun 13 14% Jan 7 11 7 10 r Dee 14% 83% Feb 107% Jan 12% Sep > 84 Dec ;48 60 Dee 9% May 31 Oct 40 May 112 Jun 17 17 „ 11*% Max 17 *,'i13% Jan 6 Jun 10 Jan ■■■ 14 < jun 30% Mar 22 37% July 12 08% Jan 41 ftl July 1 f Jan 4% 8 55'% 56 112 112 *110 9% 3% 1,700 18% 19% 8,400 5'% 4% 28% *112 12 —No par 12% 28'% 28'% 11 11 22%' 22% 56 55 2,000 1,200 V 113'% 110% 12% 12% *112 114 " 200 55% *112 113 *109% 5,500 ; 200 110% 110% 110% 500 12% 12% 12% 12% 6,100 J a 52% 53% 53% 53 y8 53% 53% 12'% 12'% 12'% 12% 12'% 12% 12% 1,500 18 18% *18'% 19 17% 18 1,000 18'% 18'% 18'% 18'% 18% 18% 18% 1,800 *19% *19% 20% 53 12% *18% 18% - 19 52'% 12 19 18 % 18 19% 19% 19% 19% 19 19% 19 19 19 19 14 14'% 14 14 13% 13% 13% 13% 10% 10% 10% 10% 10'% 10% 10% 11 19% *18% ' 10 *9% *9% 20'% *9% 10 20% . 10 20% 9% 18% 9% 1 •43% 44% 44'A 45'% 45'% 45'% 45% 110% ♦llO'A 110% ♦110% 110% 110'% 110'% 10 12% 12% 12% 13% 13% 13'% _50 *37 No par 38% *37 V 44 36 45 • ;,i3 37 45 45 38 43% 43% 900 18% 900 1,100 10% *9% 45% 110% 9,200 • 14 3,30o *13% 10% 100 preferred 30,500 11 55% 110% 110% 12% 52% 52 Co Myers (F E) <fe Bros 5 23% II *22% 5,400 * 12% *18% Mfg Corp Munsingwear Inc Murphy Co. (O C) common 4%% preferred Murray Corp of America com 45% Aug 18 May 17 38% Feb 109 Jan .. 55% 9 3% 19% V 28'% 11 2,500 * 4 5 23% 110% f Brass 10% 23% Shares 47 9% ■ 18% 28% 10% 23% 55 12% f Motor Products Corp Wheel Corp 7 5'% •10'% 112 ♦110 Mull ins . 26% Jan 4% 28'% *22% 55 *110 Motor 16% 19% 19% 10% 54% No par Inc 19'% 5'% 27% 8% ♦3% 23% 10% *23 8 Llnea_ 29% 28% 8% 4 28% 18% 46% the Week t per thare 47 ' No par Co & 19% 3% CLOSED 8% " J 46% J 3% 8% 4 EXCHANGE No par Co 8% 3'% 18% com Utilities 8% 4 Sales for •<, Aug. 19 I per thare 47 45% Friday Aug. 18 9 per thare £, 45% 44% . Thursday Aug. 17 iper thare . 8% No par Montana-Dakota . 4 STOCK No par 9 Co Wednesday Tuesday Aug. 16 44% 44% 1-25" * Inc Machine Tool Montgomery Ward ti Co 6 7 Jan Co 20 $3.25 conv pfd series A '111% Jan 13 66 pfd_100 con 94 coftv pfd series B Aug 16 101% Jun Apr Dee 100 « f perthare v No par A Mills Hosiery Monsanto Aug 17 $ par thare 0 com series Carpet Monarch 24% May 16 May Dee RR preferred Missouri Pacific RR 5% Jan 20 112% 47% Mar 10 9 35 6 "45% Jan ' 9% Jun 29% July not 7 % 16 5 % Aug 25 01% May Dec 45% . Mo-Kan-Texas ' Monday Aug. 15 10 ' Jan 15% Feb 22% ; 44 7 Jan - 26% Mar SO 3% Aug 16 *33% 5 Corp Mission Development Co 13 14 F«f <, . Mission 6 6 3Vi Jun 15% Jun 9% July Feb 7 1 , 7% Jun 73% ^Saturday Aug. 13 i perthare , mam KALE PRICKS low and STOCK 1 Lawaat BlfhMt ■ Monday, August 22, 1949 RECORD STOCKS Year 1M8 Lawart STOCK CHRONICLE 10 45% 100 45% 110 2,200 110 150 13% 12% 37% *35% 45 *45 45% 600 14 V« *25% <' 14'A 15,800 26 *35% 45 * 13% 10,800 ! 36 . 300 N 14% Mar 21% Jun 20 Feb 12% 18 10% Jun 14 Sep 22 Jun 13 28 17% Jun 14 23% Apr 11 Dec 29 4% Sep 8% Feb 10% May 12% July 9% 29 Not 162% Oct 6% Not 82% 46 Feb Deo 6 9% 9% Apr 4 National 4 National Automotive 13 Jun 14 41 3 4% Jun 13 30% Jun 6 5"% Jun 13 Jun 13 9% Jun , Jan 5 National 7% 7% Mar 29 : 35% Aug Airlines Ine Biscuit 87/e Aug 19 9% Jan 8 Co 35 34% 35 343A 34% 182'A Container 10 14% 21 13% Feb 14 34% Aug 12 17% Aug 18 Dairy Products No par Department Stores § Distillers Prod No par Deo :14% Deo Sep 20% 17% Jun Jun 13 14% Feb 25 Nat 14 16% Jan 7 Feb 15 Oct 96% May 29 162 Oct 177 Jun 25% Apr 169% Jan 130 Not 147% Apr 135 86% May 13 Jun Dec 7% Feb Feb 24% Jun A Dec 1 Jan 26 19% Not 81% Mar 95 4 179 Aug 4 1% 4 Jan 149 Aug 19 6% 6% July 27 19% Jan 21 5% Mar 10 14 13 15 May 114% Jun x% Jun 19% Jan 21 22 Oct 73% Jun 13 National Linen 10 National National Steel 26% Jan 21 % Feb 28 Not 25'A Aug 19 26% July 15% Feb 11 19 % May 16 86 Jan 24 Not 94 Jan x80% Jun 15 not 20% May 21 % Jan 4 Dec 9% Jun 13 9% 1-5% May Not 12% 9% Jun 20 9 Not 12% Jan 19% Jan Not 19 104 Jan *27% Mar 26 % May Feb May 100 87 Feb 98% >%;an 12% 29 Jan „ Nehi Neisner 10 12 13% Mar 30 14% Mar 17 3 Jun xlOl % Jan National 103% Aug 34% Aug Mar 28 93'/a Jan 3 101 Natl Tea 4 8 Aug 19 3%% Lowest 8 Not 12% 12% Aug July 26% May Deo 70 Not 20% Feb 8 94 64 Feb jan 42 90% 84% % Jan Mar 21 Jun 14 9% Feb 25 - Apr 30 23% Jun Jun Oct 14 35 81 Not 14 Dec 48% Jun 16% July 24 'A Jun 12% 39 9 'A Jun Feb 13 92 56 121 July 144 July 23% Apr Feb 11% Mar 20 13% Jan Jun 6 81 117% Jun 13 140 10 Jun 27 Jun 20% Jun 61 Jun 48 Feb Mar 225 Feb 13 jan 266 6% Mar 20% Feb 86 6 14 86% July Jun 91% Jan 15% Feb ' * 6% 1 _10 1 14 49'A Aug 16 Jan 8*" Dec Deo 28% Jun 17% July 16% May 4 6% Jun 16 36% Jan 21'A Jun 6 62% Not 28% Jan 49% Jun 15 59% Jan 28% Jan 3 8% Jun 14 Feb 25 ^ug 14% Mar 8 Jan 26 Jun Mar "21 Jan 14 , 28 - 3 Noma Mar 24 82% Mar 25% Feb 93 13% May Jun 36 % Jun 75% July 22 85 31 Jan 16% 14 11% Jun 13 17% Jan -7 '78 Dec Jun 87/e Feb Aug 90 Oct 109% Dec 8% Not 17% Mar 16 Not 83% Jan 27% May 40% Apr 3% Dec -7% May 10% Mar 14% Jun 26% Dec/ Jan 15 109% Mar 22 Jun 6 13% Jun 14 11% July 22 19% July 25 32 15 Feb 43 Jun Jan Apr 18% Feb 36% July Mar Deo Xl09% July 12% Apr 88 Dec 100 Jan 20 Jan to Jun Jan 37% 144% Not Jun 2 Not 23 80 Dec Dec ' 23% May 31 17% Jan 8 20 36. ■'"> 11 '/a 11 Ye v 10% 10% •ftllftft 5"V 10% 10% 1*10% 10% 'ft 13% 13% *13% 13% 102%'102'/a *102% 104% : Jan 4 4% Jan 11 13 Aug 3 400 11 11 11% 700 3,400 Gas 11'/a 11'A 11% 113/a 10% *10% 10% 13% 14 :*io2% 104% 33 • *100 33 33'A 101 33% 33% 101 *100 -600 14 >102% 33% ♦100% 1,400 104% 10 33 V2 33 % 102 101 1,100 101 10 Friday galea for Aug. 19 Wednesday Aug. 17 the Week 9% Thursday 9 per share '$ per thare 1 per thare 93/4 *97 98 52% 9% %'ftft *97 52% 11% •11% *67 67% 93/4 93/4 53 11 Va *67 11% 11% 11% *67 74% 130 131 130% 130 *72 130 *52 *230 • ft *63/4 73% 130 »A 129% 11% 56% 113/4 11% *20% • 23% *20% •50 245 56 % *230 7 *63/4 7 97% ♦97 18 *17% 18 273A 98 »A 10 17% ♦173A 18'A 18 18 3/B 300 49% 49% 49% 49% 6,200 S3 93 9334 93% *19% > 20 19% 19% 17% 49% 49% 49 3A *92% 93% 193/4 7% - 23% 20 7% ♦23 • 23% y ■ 20 77/e 23 7% 7 ft . 50% 50% 50% 50 'A 273A... 273/4 273A *27'A 28% 173/8 17'/2 17% 173/4 173/4 18 3/B 8% 9% 9% 93/4 93/4 10 '/8 yft;--14% 10 93% :• *108 10 10% 28 23% 50% 273A 18% • • 80 78 78 35% 35 35% 34% 14'A 14% 14 % 14% ft 10'A- 10% 93'/a 93% 1083/e ♦108 10% *78 10% / 103/4 * 1% 18 10'A 10% 18% 23% ft 50%" 18 % 9% 300 18% ft 19,600 10%' 13,500 80 *78% 10 35% ? 35% 35% 14% >14%:. ' 10*% 10'A '94 4,200 10,400 108% 10 10,700 320 * ' '11 ft 310 10% v 10% 18% 38% ft 94 103 93% 108 11' 700 3,800 23% 15'/a 108 11 130 500 2,300 50 *27 'A 80 " 3 5'A 93% r ft 273A 10% 14% 93% 108 18 18% 35% *1% ' 900 9 8=4 18 3/8 18'A ft 10 1,500 27% 23% 50% - *78% 35'A 15 • ; 10% *34% 18'A 93% 108 11 • 80 10% 933/4 1083/8 ft "-ftft 23% 50% '27% : . 6% 6% 27% 8% 8% 23 50% 35 —2.80 6% 50% 933A 7%-' » 56% 245 *230 •' 1,000 y yfty' *97 *19 ♦78. 80 *50 56% 245 700 12'A 25 28'A *923/4 10 No par *50 *230 131% 11% *20% 98'A 50 'A ft 80 common *130'/a 11% 25 500 1,500 28 20 V *23 V par No par -No par 130% * 12,000 *97 933A 73A 1 —100 74 1,900 ' 6 'A 19% lo ; 73% ~ 31 Co 10% 98% 933A ag 27% 10% 74% 11% 26% ♦26% 273/4 ♦97 493A " 27 273/8 27% *21 56% 2,300 67% 273A 98% *17% 11% 25 1,100 11% *67 6% 28 973A 27% 27'A ; 27 245 ♦230 28 1 *50 245 .ft:' 4,400 54 11'A 67% Shares 9% 98% 53% 54'A 74 _l.«o Rubber 9% *97 98% 53'A 67% 9 perthare 9% *97 98% 53 11% 67% Aug. 18 73 j Co 14 • 72% preferred Northwestern Telegraph Pharmacal • 10% y 72 4.6% & 190 28% 11 Ry_. preferred $4.80 preferred Northwest Airlines Inc Tire 83 % 28% 10% Western Ry com INorwalk 17% 83 11 1 $3.60 Norwich 18 11 11 1,200 83% 273/b Northern States Pwr Co (Minn)— Common —No 14 79% July 13 18% Aug 10 28 Jun 13 148 33 May 18 29% Aug 17 104% Mar 25 Jan • 3,800 ft 1,900 '-ft 18% 18% "100 ' *34'/a - ; \- *I3A ft.:.'. , Oklahoma Gas & Elec 4% Oliver 7 3 34 7 Aug 11 8% Otis Elevator 16% Jan 24 64 % Outboard 7 79 Outlet 49 % Jan 11% S% Dec 16 May 8 Sep 18 Aor 52 14 % Feb 16% May 43% May paK' 3 11% Mar 29 29 Jan 68% Jan 14 Jan 28 24 Corp No par preferred (The) convertible 1 6% 100 Marine & Mfg Co 12%-. 35'A "-ft" 2 . 12% ; *123/4 . 13 Glass ~ > 35'A *34% "35 V4 1 %:' *1% 13 ' *12% 1% - ■ 35'A '*34% ; : 1% *123A '13 ft *1% ft 12% V • 2.50 28% : 30% 29 30% 28% 303/8 103 103'/a 28 28% 28% 29 19 18% 187/a *18% 24 *92% 7% 83 *183A 33% ♦163 13% 103 24% / -24 1033/4 30% •35 "• 30 - 1% 13 400 7% 84 93% 24% 7% * ;V ♦83 .19% *185/8 333A 33% 170 13'A ♦160 :. -13'A 93% 73% 84 19% 34 170 13% *67 70 68 68 12.80 56 57 56% 57% ? Pacific Amer Fisheries 10% Jan 18 Pacific Coast Co 71 Apr 4 40 Jan 17 Inc common non-cum non-cum 5 10 No par No oar 29 123A *8'A *51 29% ; 303A 20% 29 29'A 103% 103% 30% 29 >/8 28% 293/8 *18% 24 % 103% > 28% 29'/a *18% 19 1C3% 16% 24% 24% . ft 28 3/i -30% '■ ft 29 ft 1,000 25,600 *103% 103% - - 250 29'/a 29'A -*18'/a 18% 100 2,400 " 24% 24% 24% 94% 92% 92% •> 12,500 ' 94% Co 9 30% 29 " No par 6 preferred ft *30 - - Aug 2nd 8 100 No par Jun Aug 16 A 10 common preferred 10o common— preferred preferred Owens-Illinois 1st pffl—20 common Oppenhelm Collins 15 July No par convertible Jan 2 IOq Co Omnibus Feb -er preferred Corp 4Vt% g distributed"—— 7 11% Jun 158% Jun common 4.40% Ohio Oil 90% Jan 10 22% Jan Co "when 7 19% Mar 31% Jan 8% Jun Edison Common 7 33% Jan 99 Ohio Jan * 78% Jan focitDd". Jun 91% July 26 6% Feb 11 80% Feb 3 jan 89 47% 27% Jan ,273/4 July 26 99 Vi Jan 3 Jun 164 15% For , 1% May 21 11% Mar 11 3,200 29% 27% 4 — Jun 16% 27 94% Aug 11 7 14% Jun 108 22% 6% 10% May 13 29 8,200 176 O 92% 92 28 Apr 84 18% 17% 83 ♦28 3/i 10% preferred American Co Pacific 1,400 27% 25 Natural 25'A 27% u. Northern 24% 10% Industries—., Northern 25 Corp— American Aviation Northern Central Ry Co ' 1,800 24% ft-*24ftft 2 7 3/8 North Feb 18 107% Feb Mar 103% 26% . ; 82 27'A Adjustment 36% Mar 17 27% . & 21%. 81% ir. 10% Corp Chemical Co North 21% 82'A 16 27% Electric Norfolk 213/4 82 27'A No par preferred Nopco 21% 82 10% State Noblltt-Sparks tV 21% 81% : 4,000 2.000 27 Shlpbldg Corp partic stock $3.75 10 Jan: ♦21% 17* £2 6% 17% 27 Common 20% July 19 11% Jan 7 66 CLOSED IOQ Gas 20 •6% 173a 10% N Y 20 15% Jan Dec 3 149 6% 17% .. 27 & Harlem RR Co 80 N Y New Haven & Hart RR Cb-100 Preferred 5% series A -TOO N Y Power <fe Light 3.90% pfd_100 10 7 17% 23 *67 "NY 50'A Aug 15 93% Aug 3 149 6% 17% 11 /ft 12 13% Jan 11'A fXCHANG 5 cOm^—100 common & 149 6% 17% 27 A preferred— Elec *148 32% 6% 29% 23% 21 1,140 83% 53 *113A •1 86 STOCK 53 *20% 20 Jun 1 ^ No par 97% Aug 15 19% Apr ,r 7 5,500 178 17% 98% NO par •33% Jan 33 178 No par N Y , *97 . York 9 33'A 179% 147% 147% 21'A 9% 93/4 pfd_100 City Omnibus Corp Mar 100 33 *178 Xl7% Tuesday $5 • 5,700 6% Aug. 16 New 9% Jan 21 700 14% 93% 33% *83'/a 9 per thare : N Y 250 14% *91 17% Monday •;•}/ 6 Dock 15 92% No par series 3,400 23,300 8 179% ♦178 148 14% 173/g 20% 7% f 6% - Aug. 15 ,• / 8 non-cum 323A 33 173,8 20% y 92 -■'• . ' *28 3A 100% Saturday Aug. 13 Brake preferred 143/4 95 ♦92% 29 ' Apr 23 , 25 Jun Air ft 14% 17% LOW AND nai SALS PRICES Central N Y Chic & St Louis Co Jan 21 59 4 19% Oct Feb 21 96 Not 14% 14% Jun York York s 83% 33% 100 New 21 7% 17% 8 29 11% 33% ,20 3 4 14% 95 179 *83 '/a 293A *99% : 20% 24% 17% 104% preferred "New 21 ft 17% 20% *7% 82 83% 14% Jan 10 5% Jun 200 *11 163A 7% 20% 18 17% 29%5 " :ftft:24>ft:24ftft! .-•17% 17% *102% Newport News Ship & Dry Dock 7 Jan 5,700 24 26% May 20 Mar 49% Jan 4%% 34'A ft/ 10% Mining Corp.. Newport Industries common Apr 12 ■33% if 21 13% Newmont 33% Jan 12 65 34% 'ft 34 ' ; 17% ■ 10 3A New 13% Jan 10 72% Jan 27 34 81% *83 common_Nopar 100 England Elec System New Jersey Pr <fc Lt Co *33% Vi , ft" 23% 9 per thare 10% May 17 99% July 29 69% Jan 8 21 13% 9 per thare 3 7,000 19,600 "34% 16% ♦146% 6% 17% 10% EXCHANGE i 6% 10% 32% 148 V' 81% 8% 8% 6% 179 10% NEW YORK STOCK Highest t per share 99 90% Mar 38 Range Since Jan. 1 Lewest $ per rhare 32% 8TOCK8 - 8% 34'A 179 is ft' 100 J) preferred < Highest # per share (J 7% 10% 143/8 L preferred 8 6% *92% No par Newberry Co 1.900 31,900 10'A 14% 6%' 'ft 1 common 3,500 6% 95% 173/4 10 Inc 5% 34% 10'A 77/« No par Bros ***** far Prerlona Year 1948 V 28 Corp 43A% 130 5'A 34 % 6% 16% *146% J I Co 183% 5% 34'A 10% 20% : 28% 32% 183 53/a 34'A 6% 8 178 No par Fibre 183 400 4,300 - 10'A 20% 14% Cast-No par ex-dist No pax Co 183 £00 35 343i 6% 17 *93 Steel Vulcanized Natomas 35 10'A 20'A IOq Co 13 41% 343/4 / v *12% ♦40 6% 34% ♦7% 5,100 123/4 41 10'A 16 3/4 100 Corp Corp 8 12% 12% 12% 34% 8 200 2,400 41 • 1833/4 53/6 34'A 1 Corp 5'A 34'A 7% 7% 12% • 70 20% I 203A 8 " National Sugar Ref Co No par National Supply (The) Pa com lo 4%% preferred 100 30% Aug 10 12 % Apr 20 11% Aprr2 i & 53/s 34'A 7% 6% 10 % 10 Shares 7 16% 10% Lt Jan Not 80% & Power 91% Jan 20 21, Malleable Natl 184% 5'A 34 9 6% No par common Service Nati 4 7% 10% 12.60 preferred A preferred B__^ 11 Jan ■ 1 Enameling & 8tamping Oypsum Co com $4.50 preferred National Lead Co 33% Jan 21 14 34% 1 National ' Jan 5% National Aug 18 * 7 % Jun xll% Jun 86 15% 21 13 ' 29% . ■ 53/8 34% 1 Cylinder Gas not *182 5% National 12% 182 182 "v No par Co 12% 12% 40% 343A Co 7% 12% 12% 40% National 17% 12% 12% 38 National 15 21% 12% preferred National 26 *20% 38 common. 14% *25% 12% 11 May 22% May 7% 12 % 12% 14% 26 21% 8: 38 12 Dec 12% 12% 73A 7% 14% < 123/8 13 Jan 73A 14 25% •21 38 27% Feb . 21 a 22 14% Aug Jun 14 25'A 21 f 24% Mar 10% Mar 137/8 25% 21% 7% 1 . National Can Corp National Cash Register National City Lines Inc 5 14 25'A *21 l Fibres National Aviation Corp National Battery Co 4 Aug 28 35% Aug 8 183% Aug 17 137/a 25'A 1 12% Aug 13% Apr 170% Mar 15 f 100 Co 3 May 13% Acme 10% Jun 9% May Jun Dec National 13 28 41 •% Corp NashTllle Chatt & St Louis 30% Jan Oct 176% Jun Feb 21 Jan 5 July 22% . Jan Nash-Kelvlnator 7 9% Jun 17% Mar Mar 20% -Jan 18% Jan 13% 8% 53 29% 13 *8% *51 29 13 8=4 53 29 % *93 > 7% 84 *183/4 33'A *161 ♦93 '94% 7% 7% 84% ft 85 * 19% 33% 169 1. 18% 33'A *161 7% -.85 "■•ft.:: 20% 333A 169 14 *13% 14 70 70 *70 72 56% 57 *13'A 13 *8'A *51 29 13% 83A 53 29% 56% *123/4 8 3/4 *51 29% 57'A 13 8% 7% 85 *18% 32% *161 13% *70 56% 20 8 2,000 85 100 20 33 ' 8,600 169 133i 73 56% 127/s 300 20 3,200 500 *8% 70 53 *51 53 29% *29 29% 100 THE Number 4831 170 Volume COMMERCIAL NEW Base*torPrevious Year 1948 Lewes* j >; v Leweet - t per share ; $ per share 15% Mar 21% Jun 18 Feb 24 36% Jan 30% Jan 3 50 6> 29% Nov • 47% Mar - •*. 129% Dec ,t 89 Dec v 130 Nov 3% ■ 39% Nov 8% Nov •• 13% Mar 6% > . Feb Dec Jan ; Feb • 18% — 34% ^ 23% 2. 28 105 Feb Deo • 61 83% ',24% Nov v. 6% Mar 9 — — 38% Jun 1.9% Deo Feb Dec v Oct ,112 109% 16% Dec 103 f Feb 28 Dec 86% Feb . , Deo . 14% 44% , Feb : 40% Feb ! 48% , 93 c > Dec Dec 22- NOV ; ,104 Jan 91 Jan 14 Jan * ' May 51% Aug 28 > 10% Feb • S 28 , 16 111 . Mar 7 Jan r - Aug 18 Aug 12 May 16 : ; * . 3 . • 31% Aug 87 . ; < *48%Mar30 1 90% Mar 24 " 20% Jan 98 105 ' ,21% Nov 45 y* July 3 110 y4 Apr Jun Jun 8 i 19 Jan V 97y4 - • 13% Sep 87 y4 Jan 54% Jan 10 Dec 53 53 53% 1,000 32% 33% 98% 337/a 2,200 98 3 3 ' 34% '4 3% 4 Jan 88 Jan 10% Feb 3 ;7> 7 8 * 1 8% July 13 103% *102% 103 Vz 162% 102% *102% 20% 20% 20% 21 %, 21% 21% 21% 20 20 20 20 20 20 Inc— 40 39% 39% *40 41 7 • *39% 1% 1 11 Mar 30 Phoenix Hosiery 7 7y8 *16% 17% >16% 32V2 32 V2 50% 50% v ' V 3,400 *26 y8 7% 26% 26ya 26ya 26 V2 26% *7 7% 10% 7V4 10% 7 *6% - 50% *9% 9% "21% - 21% 28 42 •• .,112 -109%-110% > H *9y8 r J. ' > 24 - 105 • 30% > 1 . . ioo% 5 48% 43% 431/2 54% 22% 115V2 , I > . 27 . 44% ' tv *92% >.*ity4 *873/4 9% 21% 28 18% la'A 14% 15 42 *3 43 43 43 111 111 111 110% 36 108% > *25% 30 *35V4 36% 100 109 y4 109 y4 1,400 9% , . 23%, *,' 31 . 109% 109% &% 9% 24% 120 11% 2,300 30% 3,100 48' ; 31 4b% 30% 54% 101% 55 24% ♦115 104 •102 104 109% •109 109 >/2 » 26% "27 *84 :*102 *92% 12 45% 104 > '• • No par 56% 57 B •8% 10 27 Va 27% 85 83 94%' 12 *873/4 56% 89 45y4 ' — *92% 453/4 103% 94% 11% *102 56% *8%> V vll% > -*11% 89 267/8 ■ 14% > f'85'-*84 * 44y2 94% • 14% 9% 45% *102 *8% 941/2 11% 87% 57 9% . 83 * ' i-Ha 27% 27 y8 „• ,84»,v.-84ya > 45%' 46 V4 *102 103% >92%. 94'/a ^ll^ : 12 :. 88'/a 56%' 57% *87 V 573/s *8% 103% 109% 14 y4 103 % 11% 57% • 800 115% 103 % 453/4 *92 % 89 *873/4 56% 84' 130 10,500 24% ♦ii5ya 27% •* , 23 •109 14% ' 101 22% *24% 115% *102 27% 443/4 500 101 24% 14% 6,600 ' >109 14 1,100 44% > 23 109 ■-:> 14 > 47% 43% 101 «/4 22% ' 103 % 14Va . x47% * '44% ; 44% 54% 115% 600 24 11% 115 ' 15,600 9% 23%. 105% 100% 24% 115y2 9% '105 '/a 100% 24% 110 105% 30% ■ 23 900 / *11% -11% ' 48% 22% 10,200 111 gy8 24 5,800 18% , . *8% 1, 9% *23% *104% . 54% < 18y4 - >*8% *8%>ioy4 *184%• 105% 11% 11% *107 V108% 108% 109 104 •101 ,j/ *: *9% 1143/4 "84%./: 84% > 5,300 103% 109 .... 50% 15 48% 54% 109 soya 21% *25 \43%44% 1003% 22% >,103% 103% :/ ; v 483% " 24% 100 51>/4 18% X30y8 i 247/8 32% *107 23% • 31 100% 14 No par 100 30% ' 17 y4 *31% 'I5y4 9% •• • 105y2 11 Vs ioo% *115 i 9% 24 100 900 ♦16% 32% 108% 18% 36 108% «■ 22%..22% 24%. I ioy4 *23% 11% *54%...55 ..... *8% *104% - 48%- > . : ' 43y4 X43 )>' 80 ... 31% 48% ■} ; par * 11% --U% . . i" 109% '-5 9%~,V>.'V 9% 24 105 ' t - 9% 28" 400 1,200 17% 50% 21% 42 *110% 37y4' 109- ioy4 9% > •••. *36 7 17% 500 7% 10% 6%6"% 14% ' 42 110-110 37%>r, 50% " 18%' 147/a *35% . *32 *107 18>/2 14% •110 i 32% *25 108V2 18% 15% 41% '- 17 *32 21% 18% > 7 *9% ' 14% 42 . 50 32ya *25 - 7 40 Va 10% *16% 17 *107 7y8 10% ; 10% " o 100 2,800 18% ' ♦38% 40% 1% 7 "50% IO8I/2 400 29% 1 *107 31,600 l7/a 9% • 10 21% 20 29 y4 28 ' 103% 21 VB ♦19% 1% 21% f ,V. v *38% 2,600 29% 10% *32 • *102% 10,400 19 1% *9% *25 103% 50 6% 6»/4 ♦18% 29% ^ ' 6% 19% 1% ,1%' >.-21% , 6% 19 100 29% r 10% *6% - 100 Petroleum 800 101% •1O0V2 267/a 26% 7y4 " 10% *6% .400 Phillips 26% *7 100 preferred 11,000 *54% .,55% 29 Vt 1% 29 10% No par preferred 37,800 29% 1% 29% *26% " No par com 1% .29 ' 25 i common 3% 20 ' 2,300 9% 15»/2 *14 21% 20 No par 19 Apr ' *102% : Phillips Jones Corp com 8* 101 • 101 6% l10 preferred— 3.60% 101 140 1,600 38 9 . 55y4 55% *100% 101% 18% preferred —100 4.3% preferred 100; Phlla A Reading Coal A Iron—' 1 4% *100 55% 350 3% 3% 9l/4 6y4 Corp common3 3%%: preferred series' AJ-100 Philip Morris A Co Ltd common 5 64 14% May Pflaer 4Chas) A Co Co 101 55% 54%u55y4 983/4 ♦37% 14% 18% 100 1 Petroleum Corp ofAmertca—5., >> Welffer Brewing Co No par ».«'*■ Electric ' , Shares 146 3 4 9»/4 14% 6% - 51% Jun 14 54y4 '5% 9y4 14% 9ys *14 18 y2 PhUco 8 8 54% . 38% 6% 3.8% 8< 21 Aug 92!/4 Aug 9V4 14% »100N 33%c Aug 87'A Aug 18 Jun ,! v 38 18% _ Pet Milk Co common 4%% preferred Jun 102 6 9y8 ,*13% 5 Co 109 40% Jan 10. 9% 14% 98 Va 145 3V8 6% Coke Corp $1 conv preference 4.4% preferred 12%Mayl4> 90 Feb 11 ?• Cement V .19% Jan ; v *3 18% No par 115% Aug 17 - 9% 33% , *144% 145% J7% J 3% 39% *13% ' 98 , 3y* 3 35 3% , 32% 98 *144% 145% 145 35% \ 3% 32% 98 32y4 145 3 ' No par <: A Phlla May 17 77% ; 53 6% Phlladelph'x Co 6% preferred i $6 preferred No 92 y2 Aug ; 32% *97 V4 35% preferred——25 Phelps-Dodge Corp— 55% Aug 11 102% Aug 3 80% July 11.88% Feb 37% Jan 4 < 46% Aug >93% Oct Deo . Jun 88% 11 527/8 18% common 104 7 ' 8 22% Jun 28 : Feabody Coal Co Pepsi-Cola Co - 26% May 16 6 Jan Apr , 51% Jan 24; • 11% Jun 28- Dec 82 Va Nov 32% 97% 3 ——1 > r 3 6 103% 39% 5,600 .527/s 53 32 Feorla & Eastern Ry Col——-100 ' . 7 O' 53% Jan 21 111 25 Y» Mar 33% 52% *144 ya 145% J > No par Pennsylvania RB _• —50 Pennsylvania Salt Mfg Co com—lo 3%% conv. series A pfd —100 Peoples Drug Stores Inc—t——5 Peoples GaaLight A Coke——100 Aug 5 ■ ll%Janl!>: 12 i Apr 11 ? 36% Jun 116% Jun July 32% 53% Penn Power A Light Co— - -12%Ja* "7 ' . 33% 33 V* 97% CLOSED Penn Ql»^s Sand Corp com—No par -6% preferred —100 1 17% Jan 9% Jun-d4; ; ^ -91 400 33 33% -y- EXCHANGE Transportation ____Nd par Patlno Mines A Enterprises 5 Perm Coal ^ 20 < May 18 24% Aug 8 105% May 16 23% Jun Jan 81. " Sep 20% 33% 33% —1 ; Penn-Dix<e : ' f 20% 20% 100 !—1 convertible preferred Penney (J C) Co 3: 23% May 14 28% Jan 21 " 6 > Mar 11 ' 5' 25% Sep M 20% 20% STOCK - the Week S per share 20% 33% 20% .—No par com 6% conv prior Penlck A Ford 3 40% Jun July " 10 Jan 17 > 104% May *•' <•< 24% Jun 20% : , ; 55 • - ; >103% Sep 21 102 17% 'Jun,..-' 69 . t per share- Friday Aug. 19 • $ per share *20% ♦53 Parmelee +. 4 > 33% Aug 7y4May3l 8% Jan 3 20% May 64% July v Dec " 30% Jan 104 -May , . 19% Jan .. ^ 43. v 104 ?; Mar 28 V; 111" ,f 29 Jan 3 , 36 * 96% Feb 9 V113% , Oct Jun . 7 € ^ Jan -16% Jun 29 14% Jun 13 32 v Jun 13 20% May 24% Jan i Dec 1 106 - Apr 99 / • >8% Feb- , „ Jan .j45% Jan 7% Nov 22 V 98% Oct 14 L7% Feb ,120 9% Not / 7% Jun • * / 23% Jun Apr Aug. 18 20% i__No par Park A TUferd ino. *14% Jan 18 3 Nov ; 22% ;-48 v ' ' Thursday .* Aug. 17 S per share 33 y4 Park Utah Ceneolldsted Mines 1 Parke Davis A Co J—No par Parker Rust Proof Co 2.50 3 7y§ Jan • l •,?/ 42% Jan 20% July May Dec 35% . Jun >34% May 16% Dec _ i /,21% *. 26"% Aug • 2 27% Jan 31 >15% Jan 15% 27 - > 6% Jun 16 49% 2 Jun 15 9"% Aug 3 Jan Feb Wednesday Tuesday Aug. 16 S per share share ♦20% No par Car_ When issued 2% Feb 28 x6 __ 4* 30 <■ July 19 Jun 37 per 10 28 Paramount Picture# Ino—. 3 9 — - Motor Parafflne Cos Ino 21% July 7 42% Mario 4 23% Mar May Deo 24% Feb - 24% Jan >3 Jun 10: 16% Aug. 15 t Par Pan American Airways Corp_—_2% Pan-American Petrol A Transp.—5/ Panhandle East Pipe- L com—No par 419 preferred i 100 Panhandle Prod A Refining—__—1 8% Apr 18 20 'Jan 7 ; 104% Jan 7 8 37 Aug l%Jun. 3 Jan , 18% Jun 14 19% Aug. 11 Jan 30% . 13 102% Feb May — 27 5% Jun 3% May Feb " i Lighting Corp Packard 5 16 59% Apr 14 102% Jan 27 15% Jun 14 Jun : Monday Aug. IX 1 Pacific Tin Consolidated Corp 1 Pacific Western Oil Corp„——10 8' 10% Apr ' 5 Jun — ; 10 95% Jun 23 May r ■■*,", Pacific Mills No par Pacific Telep A Teleg common—100 6* preferred __100 43% Jan 10 Jan <3 Jun 49 % Jan Oct May ; Pacific 8 Jan Saturday ' " 8- 26% May Mar 4% Jan RECORD . - Pacific Gas As Electric 34% July 20 STOCK CHRONICLE LOW AND mem MLR PRICE* STOCK Pacific pinance Corp of Calif 14 98% Aug 18 146% Aug 4 * \, 1 12 11% — t 5 2% Jun Apr 66 6% Jan - 29y4Jun 13 • 3% Jun 13 •; .100 97 135 Apr YORK * EXCHANGE , ■ 333/4 Aug lo 54 Jan 6 ' 11% May 21% Jun v 18% 21 62% May 5% May t Feb : 92 5 Mar ' Jun NEW YORK - "r ; $ per share 27% Jun 14 V 89 Feb 7 J Jun 147 Oct i46 ' 104% Dec 4 i 44Vi July » . Dec ! t per share 55% July - Highest FINANCIAL STOCKS • Ranee Since Jaa. 1 « Highest & 9 *8% 9 ' lu|t fer Prevlena STOCKS Year 1048 Leweet • per share 80 Apr 110 80 y4 26 84% Dec Dec Feb: 30 5 Sep 100% Jun 22 93 Jun July 11 Jan Jun 15 36% July Deo 10% Jun 155 Apr July 169 " 39% Jun Feb 2 32 Jan 16% Jan 7 7 85 24% Jun 13 Jun 4 100% Jun 22 14% Mar 14 3 79 32% Jan 24 105% Apr 7 142 Jan 26 156% Jun 28 145 Aug Iff 170 Jan 20 28% Jun 13 10 Jan 6% Jun 13 35% Aug 18 8% Jan 7 Feb 20 Jun 7% Jun 14 15% Jan Jan 170 Dec 96 Oct 7% Nov 10% 140 73 Ya Feb 70% Dec 15 82% May 26% Oct Feb 145 ' Jan 26 y4 161 Deo 9% May July 46% July Apr 7 175 65 '/4 Jun 21 88 60% Aug 4 14% Jun 15 136 71% Jan 27 21% Jan 24 24 11 Dec 16% May 14% July 1 Apr 4 11 Va Aug 12 50% Apr la 40% Aug 18 12% Mar 30 8% Feb 36% Feb Jun Feb 32 Mar 3 8% Jun 14 12% Jan 5% Nov 22 y8 Nov 11% May 35% May 62% Feb 71% 18 Feb 14 Mar 28% May 94 Apr 14% Jun 81 85 Jan 14 90% Mar 17 39% July 24% Jun 38 Jan 3 43y2Mayl8 20yaJan 3 24 30% May 25% Jun 53 Jan 30 Va Feb 42 May 24% Jun 14 32% Apr 32% Jan 20 Deo 25 Dec 32% Nov X25y8 101% Feb Feb , Feb x25 ; 1 ; 108% 81 Jan Sep July 12% Apr 21 4% Jun 14% Aug 17 8 Va Jan 24 13 21 Mar 22 57% Feb 26 107 28 Jan 24 68% Aug 15 22 Feb 2 Aug 8 13. 28% Aug 8 25 37 Jan 6 25% Jun 17 15% Jun 19 109 r Apr 30 4 July 11, 29% May 9 20% Jan 14 $ per share $ per share 28 30% *102% RR *90 Pitts Coke 6c Chem Co com—No par (5 convertible preferred—No par Pitts Consolidation Coal Co 30% >■ 9 per share 30% ' 104 *102% 105 preferred class 11% . *90 30% $ share per 30% *30% " ' Thursday Friday Salaa far Aug. 18 Aug. 19 the Week g per share $ per share 30% 104 *103 104 105 *90 105 •90 105 31 800 103 10 \ *90 105 28% 149 Poor 6c Co Potomac 4%% conv 14% Industries Inc Pure Oil 5% (The) No par oommon preferred Purity Bakeries Corp conv > 162 *160' 162 34% 35 Va- 35% 7% 7% 7y8 7ya 7% 7% 9% 9% 9% 9% 8% *135 *71% 140 72% *61% ' 63 ♦16% *134 22% *11% 22% 11% 16% 140 22% 11% 34% *130 35 140 X70% 71 62 x62 *16% *134 17 140 140 •130 *71% ♦62 *11% •11% 11% 42% 43 y4 '42% 43 y4 38% 38% 40 ; 11% 11% 11% ;*n% 40% 11% 14% 14% 14% 5% 6Va Y 11% 14% 14% 5% 14% 24% 24% 24 24 68% 18y8' 68% 68% 89 18% 87 41% 68% ' 18 *86% 18% 89/ 28 —100 ♦107% 108% No par 27% 28 J/4 6 : *86% 28 Va 28% 28 68% 33% 23% 28 5% *24 ! 68 Va 17% 41% 23% 28 y4 33% 23% • 23 23% 113/8 *11% 87 41% 23% 28% 33% 28 Va 108% 108y2 27% 28 17 140 42% 23 14% 41% 63% ♦16% ♦134 23% 11% 38 68% 9% 22% *11% 41% 38% *11% 37% *24 7% 150 63 16% 140 41% 5% 35% •130 63 16% *134 35% , 71% 41 24% *33% 13% 7% 9 y4 17% •y 149 •160 *142 16ff 13% *8% 6 68% 8 com $4.75 cum preferred No par Public Service Co of Colorado 20 Pub Serv El 6s Gas com No par $1.40 div preference com—No par Pullman Inc No par *143 13% 11% *24 No par 149 162 29% 13% 37% 5% preferred series A—80 85 29% ♦142 29 41 ♦11% 1 Procter 6c Gamble Publicker ♦11% 10 *82 ♦29 ♦160 149 13 V* 149 34% 16% 22% No par com ! 29% 13 Vs 7% 140 37% class B 85 28% 13% 160 62% *16 *134 8 Electric Power Co ♦82 12% 28% *142 • 72% 41 Pressed Steel Car Co Inc 85 *11% 12% * 135 62V4 1 *82 12 13 34 y* 7% *9 8 11% 9% 34 > 11% 28% 162 1 — 85 ♦142 ♦71% Pond Creek Pocahontas *83 28% •160,: preferred class A —100 8%% 1st ser conv prior pfd—100 Pittsburgh Ac West Virginia 100 100 13 13 135 Pittsburgh Young & Ash pfd Pitts ton Co (The) Plough Ino Plymouth Oil Co : *12% 13 100 B 11% 28% *107% 27% 40% 14% 6 *23% ; 24% 68% 68% 18 , 14% 5% , 17% 89 *86 V2 42% 237/a 42% 42% 23% 24 28% 28% 28% 33% 33% > 33% 29% 29% 17% >89 28'/a 33% 29% 108' 41% 23% 28Va 33 17% *86% 24% ' 27% ♦107% •27 108 42% 42% ; 23% 23% ; 28% 33% 29% 29% ♦107% 108 28% Quaker State Oil Refining Corp_10 10% U 11% 70 70 Radio Corp of America com—No par 10% 11% preferred No par 69% 69% 1 8% 8% 8% 8% 8% 100 ♦99 Va 99 Va •99% ♦99 Va 100 Va 27 •27 $3.50 1st Radlo-Keith-Orpheum Corp Ralston Purina Co 3%% pfd Raybestos-Manhattan Rayonler Inc common No par 27 1 *24>/4 24% 25 •30% 30% 50 *20% 20% 4% non-cum 1st preferred 50 *39% 42 4% non-cum 2nd 50 *29% "31% 5 •11% 12% No par 18% 18% 50c ♦13% 13% preferred $2 Reading Real Co Silk common preferred Hosiery Mills com Reed Roller Bit Co Reeves Re is Bros Ino Reliable dlv prior preference Stores Corp Reliance Mfg Co common Conv pfd 3%% series. Remington-Rand common $4.50 preferred Reo Motors Inc $1 see page 24. convertible 10 No par 5 100 50c 25 24% preferred 26,800 700 13,000 10 600 27% 28 24% 24% 1,100 500 30% 31% 32 20% 20% 20% 400 40 40 100 *30% 31% 31% 100 *11% •11% 12 y4 18% •19 19 Va 13% 14 14% *39 7% *7 *20% 7% 50% 9% 82 - 22 7% 51 9% 82 8% 8% ^—1 5% 5% -50c *2% Id 8y4 1 Republic Aviation Corp Republic Pictures common footnotes •70 (Robt) 6c Co— $1.25 For Shares 31 103 30% 104 *103 85 *83 1 Pittsburgh Forglngs Co 1 Pitts Ft Wayne As Chic Ry com—100 7% gtd preferred 10o Pittsburgh Plate Glass Co lo Pittsburgh Screw 6c Bolt No par Pittsburgh Steel Co comNo par 6% 24 Monday Aug. 15 ' Jan 29 12% July 46 Pitts C C & St Louis Saturday Aug. 13 No par —100 common preferred 7% 14 .70% May Feb $4 May 18 xl9y4Jun : Jan 29Va 7 147 Aug 12 - 33 11% 135 y /; Par : PUlsbury Mills Ino LOW AND HIOK SALE PRICES Tuesday Wednesday Aug. 16 Aug. 17 f" >>"■>■ STOCK EXCHANGE t per share 13 100% Jan 23% Dee 157 Jun Jan 15»/4 Feb 138 Jan 113 Mar 12% I per share 26 NEW YORK ; Iflgheet 103% • Jun 10% Leweet I per share Dec 98% Range Since Jan. 1 Highest 3 8% 33% 8 per I per share share Jun 17 Oct share 27% Jan 13 110 7 Jan 111% July 91% Jun 13 15 Dec 10% Jun 13 16 % Jan 12 82% Feb 21% May 102 Oct 1 99% Jan 5 8 Nov 29% 104% 4% Aug Jan Dec 5% Apr 2 18% Jun May Apr Mar 4% 19% 92 Aug 28 18 Jan 28 98% Aug 18 103% Feb 3 4'% Jun 14 6% Jan 6 34% Jan 3 23 5% Dec 11% May 33% Dec 41% Jan 43 Dec 50 Jan 80 Oct 94 Jun 85% Jan 3 98 103% Dec 102% Jan 4 107 48 Aug 10 f t v . ; t 19% ? f 4% 19"% 20 19% 100 *99 .. 20% 20% 101 *99% Dec 13 % 13% *94% 95% *94% 95% *94 % 4% ", 4% 4% 4% 4% 19% 19% 20 203/s *98 % 99'A 98% 98% *98% 5% 383A 5% 5% 5% ' 38% 38% 38% 38% 38% 38% 38% 49% 17 Jan 17% Dec 3 49 Jun 24% Jan 28 ( Jun . *47% Feb Jun 15 10% Jun 72 May 8% Dec 18% Jan 6 % Jan Dec 21% Jan 16% Jan 5 Roan 7 Robertshaw-Fulton 3 8 Antelope Copper Mines,— 4%% 27 com—1 Controls *47% 47% 4% Ronson 3 49% *47% Ruberoid Co 12% Mar 12' Metal Art Inc Wks 17% 17% 35% 36% 16 16 98;r 106% 17% , 18% 36% -A *106% 38 '16 47% 20 2,500 6 38 % 4.100 38% *47 98 1,900 99% 49 100 ;; *96% 97% A' 600 106% 106%' 106 3A 270 18% 18% 18 18% 1,600 37% 16 38% 37% 39% 36,200 16% 16 16 *16 ; 400 4% 8% 4% 4% 4% 4% 4% 4% ".4 3/8 1,900 8% 4% 8% 8% 8% 83/a 8% 8% 83/4 2,600 23% . 23% *22% 23 *22% 23 23 42 % 1 42% 41% 41% *41% 42% 41% 42% *41 % 23% 42% 98% 98 98% *97% 98% *97% 97 3A 98% 98% 9,000 13% 13% 13% 13% 17% 17% 50 49% 49% 9 *10% 10% *10% 10% 5 100 24% 24% 24% 24% *112% 113% 43% 43% 9% 9% 13% 18 *49 17% 1 (The)—' No par (Jacob) —:— Ruppert 17% 16 98 106% 8,500 20 *97% * 100 Royal Typewriter 8 •98 98 20 *22% 25 preferred——. conv preferred series Al 98 106%' 106%. 36 8% Rohm & Haas Co common,——20 , 18% Feb 3 109% Apr No par 13% Aug 18 ? 16% Ritter Company 55% Jan 13 Dec *17% 35% *15% 4% 98% May 17 16 Jun 13 39% Apr 25 27% May Mar 1 —No par * 42% Aug 28 Jun 17 Rheem Manufacturing Co Richfield Oil Corp— 13 25% Jan 21 , 96% Apr 21 54 106% 5% Jan 13 12 98% 106% 10% Jan 23 7% Jun 36 19% x3% Jun July 29% July Sep Feb *97% ,108 39% Aug 19 21 Jan 12 15% Jun 21 7% May 4% 6% 100 series 19% Jan 13% Jun 13 24% May Dec •15% series 4.50% 2,400 4% 4% 20 100 5% *47% 4% *19% 5% 3.60% 200 95 % *5% Preferred 13.600 13% 5% Preferred Shares 20% 95% *94 the Week 101 13% *5% —10 20% *99% 13% j Aug 18 25, 20% 101 *98% Mar ' Sales for f $ per share 13% " 103% Aug. 19 S per share 13% 13% ■ Friday Aug. 18 $ per share ' 100 *99 • share 100 Thursday Aug. 17 19% 95'% 4% 19% *94 Wednesday S per 19% 99% 13% 99% *13% STOCK EXCHANGE CLOSED >'.■ PRICES Aug. 16 $ per share 1 10 — Tuesday Aug. 15 , SALE HIGH AND Monday Aug. 13 $ per share Par \ Reynolds Spring Co__ Reynolds (R J) Tob class B Common :— 38% Aug 18 42% Mar-7 A Republic Steel Corp com No par 6% conv prior pfd series A—,100 Revere Copper & Brass com—No par 5%% preferred ,100 Rexall Drug Inc 1 2.50 Reynolds Metals Co com No par 5%% convertible preferred 100 31 Jan 103 91 Saturday / Monday, August 22, 1949 RECORD LOW STOCK EXCHANGE III theft Lowest Highest Feb 22% NEW YORK Range Since Jan. 1 Tear 1948 t per CHRONICLE STOCKS lui|« for Previous t per share FINANCIAL STOCK YORK NEW Lowest & COMMERCIAL THE (706) 22 *17% 23 13% 13% *10% 18 51 10% 10% ■ 13% *13% 18 13 50 50 * 300 ,. ' ' 21,000 13% 3,000 18 % 18 % 600 51 50% 50% 500 10% 10% 10% 200 5,500 , S 107% Sep "39% Feb 61% 8% Feb 16% July 113 Feb Jun 25% Aug 8 113% Feb 16 35% May 11 Jun 7% Jun 48% Jan 13 Safeway Stores common 5% preferred St 3 St L-San 12% Jan 25 48% May 31 Jun 13 67 Jan 139% May 87 Jun 13 122 Jan 25 58 Jan 101 78 Jun 9 91 Jan 19 9% Jan 7 32% Jun 42% Jan Preferred 26 Feb 13% May Feb 91% May 15% Aug 77 Feb •9% Jun 14 25% Mar 35% May 22% Jun 14 39% Mar 51 May 46% Jan 6 59 88 95 Jan Jun 17 x96 Jan xl03% July 13 78 Jun 29 105 79 8% 6% Jun >1 July Nov 87% 93% Apr Nov 90 94% Jun 12 Dec 15% Jun 79 Oct 87 13% 12 Aug 19 91% Mar 100 Aug 3 14 Jan 20 5 30 Feb 26% July 13% Jun 28 44 Feb 62% Jun 47% Jun 10 55 15% Feb 20% Jun 16% Jan 4 19% Mar 18 Feb 59% May 8% Oct 36% Feb 7 47% Aug 19 Mar 5% Jan 27 9% Aug 17 31% Feb 43% NOV 33% Jun 13 9% Dec 9% Jun 14 5% Dec 12% July 8% May 4 % Jun 14 35% 5 - 9% Dec 94 14% Feb 6% Jun Jun 104 Jan 77 36% Jun 24% Jun 46% Oct 21% Aug 17% Feb 27% Jun 22% Jan 68 Feb 79 Dec 77 9 Dec 15% Jan 12 28% 31% May 5 Shamrock 37% Jan 7 Sharon May 18 10 Mar 11 30 Jun 13 .Jan 3 6 % Aug 17 3% (W A) $ per share Dec 36- 34 Dec 44 15 Feb 92% Feb 18 Dec 80 Sep 4% Jan 12 Jan 29 July > ' 19 25 39% Jun 22% Aug 14 31% Jan 24 88% Feb 3 100% Mar 25 26 Jun 10% Jun 7 23 Jun 14% Jun 14 104% Jun 97% July 7 5 May 3% Jan 3 8% Feb 52 Jun 7 " 11% Nov 36% Mar 36 Oct 7% Jan 45% Aug 60 40 Oct Mar 53% Mar 16% Jan * 11% Jun 44 26% Feb Aug 17% Jan 17% Jan . 9 ; 1 47 * 14 26 Aug 36% Jan 7 29% Jan 5 28% Jan 3 62% July 32% Jun 13 49% Jan 33% Feb 58% Feb 65% Dec 12% Dec 4' Feb 4 Dec 631 Aug 50% Jun 25% Jun 14 July 45% Jun 13 - • 7% Dec 29% 7% Dec 14 15% *' Feb Nov 19% Dec 104 5 28 23% Feb ' 5 Jan 100 Apr 30 Oct Nov Feb 27% May 109% Oct 97% Feb 121 54 % Jan 73 Jun 55 Jun 13 36% Feb 53 Jun 36% Jun 14 69% Feb 91% , Jun 82 Oct Jun 13 3 109 Jan 4 145 92% Jun 60% Jun 13 23% NOV 35 20 89 26% Jan 97% Jun Feb Feb 36% Nov jun 15% Jun 96% May Oct 12 Jun 43% May 40 Jun 13 9 14 7 11% Mar 41% May 15% May 32% Mar 39% Jun 35% Jan 3 Feb 97 94 6 88 x27 10 Jun 23% Dec 12% Feb 36% May 16% May 9% Dec 18 15 Dec 20 11% Jan 16% Mar Jun 15 July 12 Jan 24% Jan 3 9% Jun 17 Dec 99% 4% 4% 3,200 8% 8% 8% 8% 8% 8% 8% 8% 8% 12,000 49 62 35 35% 35% 36 36% 36% 36% 36% 37 44 44 44 44 32% 32% ' 32% 32% 32% 33 32% 33 40 41 fa preferred 25 California Edison 43 Co No par j. (AG) & Bros Inc 33 323A 32% 40% 39% 52 62 11% 4 70 ' 1 25% 2 8 par *69 *28% No par •103% Brands Inc com—No par 20 % Jan preferred No par prior preferred New preferred series A Standard Stevens (J P) 13 % Aug Stone & Webster 24 Studebaker 6 % Feb 90 70% Nov 120 July 52% Feb 117 15% May 21% Jun 9 For footnotes page Jun 8 37 J Aug 19 . 7% July 27 94% July 20 10 61 17 120 6 Sun Oil ( Co • *88% - 31% 31'A '4%' 20% 20 20% 89% .. 89% 31% 32 . 25% 8% 15%' 28% 23% l; 67% 89% '31% 20% 88% 30 3/8 88%- 42% 42% 68% 68 % 26 25% 26%/ 67% x25% 25% *100 t 101 *100 % 100% 42 % 42 42 *41 42 *31% 33% *31 32% *10% 5 40 % *31% 11 x40 *98% 30% n% nya . 12% * 100 *98% »•'. 32% 1043/4 130 20% 8,500 40% 100 v 67% 100 15% - 11% / 89 143% 141 68 42 *31% : 32% 11% 11% 40 68% 25% 200 , 200 3,500 100 *99 % 100 99% 99% 100 30% * 31 30% 31 2934 30% 3,600 11% 117/8 11% 12% 12 12 2,200 13 13 . \ 12%. .AA 12% 12% 171/4 *17% 16% 17% *17% 17%: 17% 17% 16% 16% 16% 16 34 16% 16% 22% 23% 22% 23% 22"% 23% 23% 22% 23% No, par 1 36 % 36 % 36% 36% 36% 36% *36% 23% 37 ; - 37 37 94 8 13 4%% preferred series A 4%% preferred series B 19 ,1 12.50 *7% *94 56 % *118% —25 49% July 13 7% 94 *56% 25 7 Inc 100 11% 40 16% 7% 56 % *118% 7% 95 56% 119 700 3,700 12% 11% Jan Biscuits 9,700 .. 16 31 31 40 26,900 42 *11% 40% 12,400 A 101 15% *41 > 11% 40% 8 25% 800 3,400 12,500 425/8 68 3 •100 16% Av 68 42% • 100 % *41 67% - 17 100 common 57,500 143% 16% No par pfd,: /A< 40 32% 127 393/4 *99 -.1 30% jp, 141 89 126 17% *17 110 1,000 I6ya ,12% '* < 2,300 128 *10% 11 30% . 3,800 . 28% 30% 42% 68% 25% 41% 66% 25% *127 130 *42 ? r 31%' 67% 41 67% "30% 67% 15% 20% 20% 41% 41 ,100 , 104% 104 673/4 *128% 16 * -13 400 2,100 28% 65% 11 30 .'"V 8% 8 67% 15% 66 65% 40% 2,200 25% 65% A. ; 4% 25% 143% 101 10 24 143% *100 200 72 24 145 25% V *4% *69 144% - 1,700 ; 144% - 4'/a 24%- 129% "" v700 4 , 67% 104 104 11% •*.. xl5% 19% Jan 34. , 20% 16% 17% Jan Sunshine 89% t_ '' 16% 14 14 • ' 104 104 104 jj' 20% *10% No par common Sunray Oil Corp 28% . r 60 1 Corp common Class A 4%% 28% 66% ,_20 $4.50 series A preferred Apr 13 July Chemical 28 25% 5,400 *59 ' 72 1 11,000 31% 6,900 52% No par prior preference,,, Corp Sunbeam Corp Sun 15 16% 36% Feb July see Jan 7 Aug 68 14% "16% Stokley-Van Camp Inc common—1 5% ♦67% 14% 27% 104 4% *24 8 8% 8 8 % 67% 40% —100 15 July 8 16% Jun 13 26% Jun 43 Jan „ 2 25%' 143/4 29% 5 Corp 17% July 29 17% May 17 25% 67% ' 15 & Co Inc Stewart-Warner v • 41% 41 4 *69 24% 1 Inc Sterling Drug inc common 3%% preferred—i 27 4%: 72 ■ 11%" 4 24% No par Starrett Co (The) L S Stores 4% *69 25% 65% Steel Bros '4% 60 5,500 31% 143 Spring common,—1 convertible preferred 50 Sterchl 3% 4 11% 4 *59 ,/ 500 33% A *51 129 common.—10 of ' 11% •i 52% 130% Jersey,,—25 Oil 4 10 30 - 2,200 44 32% 32% 32% *51 130 No par Standard Oil of Ohio 3 16% Feb *88% ;? : 11% '72 8 7 15 1 59 24% 8% 67% 15 59 . 500" 1,700 323a % 41% *10% 52% 25% - 41 ' 32 % 52% » *42% ; 32 . 31 24% 25% 67 % 5 '4% " •47% •> 52 • *3% 24% 49 62 11 414 70 *24 -A 30% ' *59 - 4 4% A . ' - 40 30% *10% 1 preferred - 52% 1 Conv $4.50 preferred No Squar- D Co Squibb (E R) & Sons common 323A 31% No par t 45 32% *59 —1 No par 45 *51 - 100 common,; 43 30% ' . 32% 39% l 32% 32% l25 7.60 non-cum 4% 31 Aug 17 14% Jan 7 600 12% 34"% 25 11% Jan 17% 99% 4 ' 49 9% Jan 98% May 18% Dec. 34% Mar 100 28,200 100 4 62 3%% 2 A 16 100 4 12 % Standard 18 ■; 100 4 *61 , Standard Oil of California,,_No par Standard Oil of Indiana 25 7 Jan 15% 100 *47% 12% Feb Dec Feb 13 ' 16 10 800 4% r-100 *61% 15% Jan Nov Jan 38% Jan 41% Aug 15% 15% 200 4 100 12% $7 24 12 3% 49 Jan "fl% 0% Jan 12% 61% 18% July 29% Jun 91% 113% 44 12% A: 24% 12 $3.50 8, ♦12 24% 61% Jan « 28% Jun 13 50% Mar 16% Aug 99% 12% 2,000 85 *98% 12% Standard G & E Co $4 pref—No par $6 prior preferred No par 100 % Aug 18 *83% 99%- 61% $4 7, 243A 85 *98% 12 Standard 68 Aug 18 42% Aug 17 74% Jan 7 ♦23% *83% 61% 5% , Aug 16 243A 99%- ♦47'A Sperry Corp (The)——;— Spiegel Inc common, 32% Aug 19 130% Aug 15 :v 400 400 24 12 Mobile & Ohio stock tr ctfs 89%. May 12 3 24 24% 30,400 " 20% 61 Spalding 98 % Jan 22% 105 3A *19% 49 Pacific 18% Jan 24% 22% *103 20 %- 12" A',; Railway common—No par preferred 100 21% Jan 10 22% 106% ♦193A 4% *47% *,50 Southern 9 1,700 1,300 ? 100 8% , 50 preferred—, Greyhound Lines Southern 104% Aug 19 / *47% 61 f 8 "Aug 10 22% 105% 223/a 84 15% Shares 2% 12% Southern 71% Apr 28 16% Apr 6 2% 3 12% conv Southern Natural Gas Co 10% Mar 31 < the Week 5 5%% 7 13 17% 11% Co com-4.50 7 17% Apr 25 Jun 79% 38 153/4 *23% 84 * Sales for 4 ul •... 29% 86 Oct 15% •• Friday Aug. 19 $ per share South Porto Rico Sugar com.No par 29% Mar 30 13 *2% 24 12% Southeastern ■> 100 25% 24 12% $5.5o preferred ; Spencer Kellogg & Sons Jan 2,700 31 24 12% Aug 6% Jun 5,000 6% 31 24' 12% preferred— 36% 6% 25% 23% 12 % & G 100 1,000 A 35% 6%v 25% 105 ♦98% May 13% Jun 21% 105 99 % 25 64 23% May 29% Jan 21% Aug 95 May May 74 21% 86 E A 36 31% 23% 15% 3,600 f; 13 % Thursday 20% ' 20% 100 4,500 13% '243/4 20 15% 6% / 12,700 13%, *30% 103 100 35% 31% A 83 31% 20 ; ' 9% A. 9% $ per share 2% 103 24 5,500 A'" ' Aug. 18 20% 243A Carolina 35%:,, :■ 6% a *19 % Socony Vacuum Oil Co Inc —15 Solvay American Corp 4% pfd—100 ♦13% 13% 30% *81 9% 25 *98 73 7 25 *30% *24 ': ' Sparks-Withington Co 24 2% *83% Spear & Co Feb 21% > 9 $ per share 99% Jan Jan 82 24 5 21 30% 82 86 6% Jan 22%'Jun 13 30% 9% * 5% 1 13% Jan 68 Jan 21% 104 30% A *98% 3% July 19 30% Jun 21% 600 8%A 82 82 *83% 26- 66% Feb , 4% 8% 23 *13% , 25% *102% 4% *79 28% 6% 31% STOCK A 8% A 82 22% 34% 2% 25% CLOSED 8,800 27% Aug. 17 *30% EXCHANGE 18,100 13% 28% Wednesday 25% - 1,300 41% HIGH SALE PRICES 31 % Jan 27 2% 2% 2,100 2,500 9% 41% •A 4% 18 3/4 47% 9'/a 18% 23%' Aug. 16 25% preferred 3% May 23: 8% May 73 * Jan Feb , 10% Jun 20 Jun 22 Jun 3 4 %y *30% Jan 61 Jan May 41 70 73 20% 61% Mar 34 ' 59 2% 200 28 ;"9 $ per share share ' 3,700 23 100 3%% South v 45 Aug 16 3278 May 5 1 20% May ,5 per 8% 10 15% 23% ' 30% 6% AND *4% *79 60 2,200 50% < 27% *82 No par t South Amer Gold & Platinum 8 30% July 30% July Feb ■ 62 , Aug 8 14% Apr 26 39% Jan 10* 42% Jan 43% 7 16 8 Dec Feb t A '. Tuesday 1 - 15 % *49 Va 27% 35 -; 6% Monday Aug. 15 4.20% ,.8 Aug *. 25% Mar 20 % 34% "A' 8% 100 -v: 22% 82 9% 4% A 82 preferred—— —100 Smith & Corona Typewriters_No par . 100% Jan 24 4% Apr 13 3 Co *—15 Sloss-Sheffield Steel & Iroq 20 Smith (A O) Corp, ; 10 Smith (A) & Sons Carpet Co com—20 Jan 3 Feb '5% Mar Jan 83% May 21 95 % Jan 3 Apr July Simmons Saturday 9 per share v~ ■: No par Jun Dec Nov " 3% Nov « 21% Jan Jun A/AAa./V Par • Silver King Coalition Mines 7 127% Jan 14% 96 6% Aug. 13 Sinclair Oil Corp— Skelly Oil Co, 14 14 16% Jun 20 Jun i V V 'V 273A LOW STOCK r 83/8 *79 22 3/4 *13% -13 343A 6% 4% %" 223A *8%' V 34% a: 5 8 30 47% ' 13% 82 80 83% 13% 42% 30% >: 30% *13% .13% i 47%-; 9%:A 13% ' - • ' 18% *9 41% *81 9 ' 46% 13% 26% A 30% ,... 50% 413/4 8% < * 15%- 12% *4% 82 A *99 413/g 600 A 12% 12% *87% '•89 88% 13 23,800 106% *82% 13 1,600 1 96 95% ' *105 100 41%) *79 23 % ■A " 83% 12% 26% *81 95 A' 106 %1 18% * 1,650 59 40% ''A 82 9 1 24 18% Jun 97 98 9% 303/8 ' Np par Oct 90 -j. 46% A 58% 15% '19% 9% 22% 15 Simonds Saw & Steel Jun 160 19% 453A 26 58% ♦49% 19% *79 Nopal 1 36% Jan 1 15% 39 27% Jan 35% Dec 91 May 31 25% Dec 27% 22 f : ' 153/4; 50 9,500 29% *86% 15 9% 29 13 A 45% A 7 82% "*81 11 100 13 50 ' * 10% *82% 88% 9% ♦45/8 A- 5 8% 8% 1 No par Co •i 15% 503A 6% ■' 11% 29% ♦105 v- 100 19 12 3/4 A—No par EXCHANGE # per share ; 6 May 32% Jun ; Feb 23 2% Jun NEW YORK Highest t per share 7% May Dec Pen 15% 12% *86% 7 82 A 91 58% 823A 45% 41 Shell Union Oil Corp Sheraton Corp of America Range Since Jan. 1 Lowest Highest 25 ; Sheaffer 10 99% 13 6% ♦81 1,600 100 *88 95 9 123/4 No par G) 100 *49 STOCKS Year 1948 I per share Gas 823A •95% 7,200 36% 36 : - 2,100 9% 29% 96 18% 40% 1 common (Frank Ksnre for Previous Lowest & 82% ■ 106%: 46 83A ; *105 18% No par : 1 — *94% A A < 46 5 Co 94% 106 % 87% 15% Steel Corp,, Shattuck 39% Jan 21 5 14% Feb 8 Oil 58% 13 50% No par $3.50 conv pref series 7% Jan , Oct 15% common Sharp & Dohme 83 '46% Jun Dec ' 31% Aug 19 10 - 14 * Feb 4% , $4.50 preferred *58% 7 6% 87% No par Servel Inc & 58% ' 5 Roebuck 293/4 *98% 100 ♦49% —1 5 8% Jun 13 *98% 100 Co of Del 7 Sears 29% *81% c__No par A Seagrave Corp 11% Apr Mar v t com series Seaboard Finance Co Seaboard Oil 293A A 94% 13 11% Jan 4 Feb preferred 11% 88 101% Feb 4 Feb 5% 11% *105 82 12% Seeger Refrigerator Co Seiberling Rubber Co 13 30 Seaboard Air Line 11 81 % 103A 96 106% *86% 36 91 50 44 'A'A: 9 100 *88 81 58% 100 353/4 *95% , 91 7 58% (The) common—5 Co preferred Aug 18 13% Aug 17 6% Jan 7 13 24% Nov 3.35% 42 % 3^ Jun Jan preferred—.—1 4.30% Scranton Elec 87% Aug 16 18% Jan 7 83 36 100 H 29 82 24% 112% 43% 81 29% ,100 —100 pfd 353/4 *88 24% 112% 43% 9% 9% 9% *95% 24% 113% 43 6% 283A *94% 24% *112% . 43 *79% A 80 •105 Co 3.65% 35 ?8 100 11 No par 24% 113 8% 91 11% No par preferred Scovill Mfg 8 Jan Jan 12% Apr *58 35% *88 11% No par Paper Co common 9% *95% 7 6% 80 $3.40 preferred 8 A 1123/4 x43 43 < 8% 91 $4 13 43 100 *873A Scott May 5 12% Jan : 7 * 30% Jan *95 % preferred non-cum 24% *112%, 113% 36 Co—100 100 St Regis Paper Co common 5 1st pfd 4.40% series A 100 Savage Arras Corp 5 Schenley Industries Inc ,1.75 5% 87 8 A 36 vtc—100 A 5% series St Louis Southwestern Ry Aug 10 8 " ■,» Lead Co, 10 F By Co com v t c—No par Joseph , / 12% 7% *94 56% *118% 13 7% 95 56% 119 7% *94 57 ♦118% 7% 95%: 57 119 A 7% *94 57 *11814 73A 7,500 V 400 • 7,600 25,600 500 1,600 95% 100 57 700 119 10% 10% 10% 10 34 10% 10% 10% 10% 10% 103/8 *15% 15% *15% 1534 15% 16 16% 16% 16 16 191% 19% 19% 19% 19% 19% 19% 19% 19 % 1,100 48% 48% 48% 49% 49 % 49% 48% 49 3,500 • ; 19% 48% 48% . 11,100 2,700 Volume THE Number 4831 170 COMMERCIAL NEW Range for Previous Highest • i S per share 9 Mar 135/o 31 Dec 8V4 >44% NOV; 127 >16% Jun ; 10% Apr ■. LOW 14 Sunshine Mining Co Jan 11 Superior 12 Superior Steel Corp_„ 17 •Jan? 36 Oil Sutherland 7 of L— Paper Co ; 7% Feb 25 9% Apr 26 Sweets Co of America Jan .27% Jun 14 32% Jan 25 Swift Jan 8% Jun 14 12 21 Swift Feb 26 Jun ,17'/8 Aug Dec 91 Aug ;77% July 13- 17 V8 79 v. " 43/4 Mar 7% May 3% Jun Feb 24J/a Jan 5 7 Sylvanla Elec Prod Inc 2 $4 preferred Symington Gould 9 *7 3% 18 73s 9% 17%. : 79 4% 9% Mar - 113/4 May 5% Jun 9% Jun 2% Jun 6 11'/a Aug 18 43/4 Jan 7 Talcott Inc Dec 14% Mar 19% May 13% Jun 14 17% Aug 11 Tennessee 67 52 Nov 15% Nov 14 Jun 48% Jun 13 593/4 Aug 18 Texas 253% May 113/4 Jun 14 17% Jan 7 71»/4 July 56 Jun 14 25 Oct 16% Jun 14 29 Feb: 333% Feb 7 48 Dec 483% May 653% May Apr 25, 36 Jun 16 46 Jan 3 Texas Dec1 20% May 8 Jun 13 11'% Jan 7 Textron 24 Dec 14% Jan Jan 25'% Apr 19 12% Jun 23 Apr' Y 15% May 53/4 Dec- 103/4 May 47 % Jan Dec 63/2 Dec? 13% 24 393/4 4% Jun 35 Apr Apn- Jun Oct i 7% 10'% Feb Feb • 1% Mari 95>/4 19% Feb' ;;17-Y Mar Mar 14% Jun 7% 2o3't 2°% 29% 29% 2,100 9'% 93% 9% 9% 9% 3;300 18% 6,400 > 17%* 173% 18 78'% 793% 80 ,41% 4% 4% 17%. '. , Y 7% Jan 20 Jan 73% July 27 34»% Jun Jan 2'% May 23 Nov 23% May 19 323% Jun 19% Jun July 10 Dec; 13Jan 10 Jan 223/8 Mar 10 Jan 11'% Jun 19 4 23% 105% Jun 19 Nov 15% Nov Feb. 24 V 33/o 3% 3% 3% *3% 33/4 500 163/4 16 3% 16% 16 3/2 16 3/2 58% 58 5/8, 593/4 583/4 59 17,400 16 16 163/4 16 161/2 *10% 573/2 57% 15% .151/2 V 9% Jun Jan X153/4 . 12 Mar 65 601/2 65% 65% 643/4 19% .193/8 20% 20 203% 20 203/a 10,000 40% 403% :4034 42 3% 42% 423% 41i% 42% 5,400 431% 43% *43% 44 43% 43i% 300 9% 10 10 y8 10'/a 3,900 14% 143/8 14'% 3,200 1,500 1 s ■ V 1 - ■ 41 40'% V ■■'■vY,/ v: 42% Y 9% ; 42'% 938 *42 ' V/V-'Y: 15 43 9% ,. 5% /' 5% 51% 51% 383% 37% 383% : • *37'% : . " 3 iV v ' >>..• Pnrp 13 .5 34 22% Y-Y'" Jan 32'% Jan 6 98 y2 Jan 13 ' 3 7 3% Mar 14 Jun 20 293% Mar 14 5% Dec/ 14% Jan 43/4 Jun 13 9% Dec 12 Jan 8'/a Jun 14 10'/a Mar 17 Dec 593/4 Jun 391/2 Jun 17 46 9% Mar 16 3% Jun i0%-FeV 5% • 6% Jan Twin 7 prior com : Coach Co ■ ; '.yY-'1'; ll'/a .11% 36 V , 1 „ 163% 401/8 113/8 15%, 800 23% 9,300 1051% 8 ll'/a .ll'/a 22 40 ";11% 11% ll'/a ll'/a 6,600 16i% 16 16'% 6,800 *123% '.36 102 13% 13 133% 200 8'/a 32,300 7 27'% *27% 5% *5% *5'%: 393% f .j 8'% 7Vb 1021% ♦101'% 4,100 1,900 102 140 103% 11 10% 103% 6,400 22% 22 22'% 13,400 ;36'% *100'% 7 3/a.. 28 17 39% 17 22% 36i% 102 *1001% 7 *7 . 3 6'.4? Y 273/8 8 102 y4 102 V *1001% \ : 221% *35% ' 6%. - nya\ 221/a 160 173% x393% 1023% 101% • .j 6% 53% 34i% 23% 105'% ■ 13% 7%- ;Y'v,'; * 34% 3,700 23% 16 •• ' 4 1051% ll'/a;? 16'/a,. v 4 16. 11% *12% 1,500 91'% >17 40 13% 8VB 41% Y 233% ,34% • 171/a X39 3% 300 1,000 *1043% 233% 36 Vi; 28 5 3% . 34% - 41 *90 41/a 353% 20 3i% *73% 8'% 4 4'4 105'% 102 7 *27 .. : 102 *6% . *34 7% ; . , 17% *3 41 YY 4 102 420 39 17'% 91% Y ,22% .213/4 36 - *100'% ■' *73% .'41 *1043% u - 3i% 173% *90 4 73%: 213% *3 8'/a 223% Y 102 *38 38 91% 1043%, ! 21% 1,400 403/4 34 *12'% 7% Y 5i% 403/8 153% .-S 5i% *17% 11% v; 102'% r 17 Mr 393% V:f 13% ■ " *90 / 16% ::17V-.? >; 11% 16% 5% 38 22% 3934 11% *12i%. 7% V J00 55/a *73% ; 91% 4 14i% * 1043% Y": ' *101% V 50 preferred '■ v common— 1 Nn par Cpal Co_Y—r 5 Century Fox Film com—No par $1.5Q oonv, preferred—J No par $4.50 prior preferred-—,. No pai Twin City Rap Transit com No pai 36% Aug 8 102% Aug 112 4'% Jan , 16 No par 8'/a 6% 31'% *133/8 , . 3 ;n% 40 ; 34 Yi7V'v. v "•::?:YyY 39%. ■ l 5 20th Jun YY 22% 17 2 *7% *90. 105 .» par 17% /Y 40 91'% 104% YYV Truax-Traer 16' . "■ , 40 , 34 >Y, \v 10 Nn par 7,V, ? Tri-Continental Corp <RK preferred ; 8% May 323% Jan 8'/a *7% ' 6'% 303% 13% 383% 3 3ya *17 4'% No par com t , 3'/a 17% 17% ' 6% 31'% " " is , 3 " YY *6 3/2 13% r 5%. *371% x643/8 313% 6%' 143% 53% / "■ ■ Y 143% 31 31 *131/8, , 14% f 6% 141% 40 15 y8 Jan 3 6% 31'/a.' *133% *90 24'% May 13 *63/e *31 14'% - 9% 141% 14% 31% No par 13 36% 24 v_ Transue & Williams' Steel Aug 18 ■: Y 9%- 9% . 14'/a 63% 6'% 1 com Jun 8 '/a 103 10 Y- 65 *13 VB Transcont'l & Western Air Inc_ 4 5 lb % Feb 13- 19y8 Jan' Jun yyy *141% » t tftfl! Co com—No par preferred Transamerlea 9 600 193/B *31 TlmkenrDetroit Axle ' Timken Roller Bearing ^ Nn 16'% Aug 10 *11 ll'/a 65 par common preference ; Water Associated Oil *3 7R 11% 19% .- v No par $3.50 10 100% j Co preferred ' Tide 113% 16% 57% TSTn preference Thompson-Siarrett 1 25% Mar Dec- cony Fair? 4% 43% Mar 30 1 6'% Feb 11 98'% Feb 193/2 Aug 17% July: 3r% Dec/ Jan Apr 1073/2 July ■12% Mar 4% 37% Jun 10% May Nov 92 May ' 35% Aug 12 25'% Jan 21 14 55 5% 100 31/8 16 3/2 11 '% 65 % 50c • Thompson IJ'Ri Thompson Products 9 *7 90'% Aug 2 4V« Aug 15 1023% May 3 13 VB Jun 13 23% May Mar 9 459$ Jan 15 84% Apr 14 Dec! 96 113/4 3»/B 163/2 65 — 6 1,500 < 19 $2.50 conv preferred 50 1 Third Avenue Transit Corp_No par Thomas Steel Co (Tbe)j 1 8 Jan 290 4% 4% 14,200 5,400 —100 common $2.40 X39% July 18 7 40 95/s Pacific Ry Co Inc Thermoid 80 *79 : 15% preferred _No par Thatcher Glass Mfg Co common 5 19 17 y8 v 4% 700 573/2 * conv The 8 8 7% 153/4 L ; Jun 104% ? 6% Jan 2 43/4 Jan f - 900 33 . 57 No par 10 r.tfs $1.25 4 1,700 33 7% 33 25 share & 400 10 10 Pacific Coal & Oil- Rnh 32'% Aug 5 13'% Aug 12 17 31% 19% Mar •7% Aug % 1% Jun 20 / 59'/a May 85 95'/a Texas 153% Jan 22 4% Mar 21 46% Dec; 123/e 19 65% Aug 18 23% Jan 7 13 % July 12 May 253/4 .343/8 *10% 33/8 * 16% " Dec/ 5'/4 *16 3/2 Co—_ Feb ' ' 3 3/8 5 Gulf Producing Co Texas Gulf Sulphur Nov; X143/4 ll'/a *10% —5 Texas 19 10% 9 : Corp Corp 4,200 164 93% 29 3% 33 :78% r 4% " 47 ,453/8 (James)___ Telautograph 9% 9'% 33 1 33/4 Shares *156 10 the Week share 7%. 29% 9% 18 79 Y 43/a 9% 155 9% fe» Sales Aug. 19 $ per 33 29% 9% - 18 9 155 9% 9% 7%. - 29%, 793% *4% 9 155 33 ' v 9'%. *79 l ■ 33 8 9 ' 10% Friday Aug. 18 155 *93% 29% 93s Thursday $ ner shnr» $ per share 155 29% No par No par com ;—= Corp 9 *151 9% 33 CLOSED : $ per share 9 33 EXCHANGE 25 > 51/4 JanK 7 STOCK (The)—4.16% Ltd 23 PRICES Wednesday Aug. 17 155 9% 10 i International Mar 89 14 Co & - 8% *151 50 BALI HIGH Aug. 16 S per share 25 —_ (707) Tuesday Aug. 15 " 10c California AND Monday Aug. 13 $ per share Par Jan Dec CHRONICLE RECORD Saturday . . '« 1 ' > • 22 Dec 8% STOCK STOCK 143/4 Jan 168 15 30% Jun YORK 36% 28 Va YORK EXCHANGE t per share 93% July 11 Jun NEW Highest 7% Mar 25 Jun 19% Jun ■ Lowest I per share 11% Mar - 235 Dec Range Since Jan. 1 . « Sper share Dec 140 FINANCIAL STOCKS ?' Year 1948 Lowest & '■ ■ Y 7 27'% 55/a 5% Y 36'% 36i% 800 102 100 7i/a •.-.* = 400 27% *273% 273% 30 5% 53% 5% 600 U ■ 39 Jan 27% Feb 39% May 19 % Jun 17 31% Jan 37% Nov 433/4 333/4 Jun 13 42 103 Oct 110 Nov Jun 107 Feb '. 98' Jun 94 80 Nov 90 Jan 86% Jan 7 21 3/2 Feb ; 38% July 963/4 July 25'/8 Jun 13 73'/4 Jun 14 51% July Jun 48 ' Apr 16 51%' Feb 31 Mar 28 41% 04 V 243/B Union Carbon—No; 39% -40 Un El Co of Mo pfd $4.50 ser__No series—,—No $3.50 series—:—No; *110% Year 1948 Y94Y; Aug, Highest f per share 22% Dec 1033/4 Nov $ per share 30% May Oil Union i% r,'; y. share i . ' Aircraft 5% 10 y4 Jun 13 14% Mar 2d United 57% Nov 90% Mar 61% Jan 3 19 23>A Oct 19% Feb 16 77 Aug 8 24% Aug 11 United Biscuit of 103 *6% Dec 27% Feb 29 293/4 Jun July 5% July 29% Jan 3 333/4 Mar 17 Uriited-Carr 21/4 Jun 13 Unite 403/4 Jun 13 31% Apr 6 45% Aug 19 2% Jan 3 33/4 Jun 24 vY 4'/b Aug 17 7% Aug 19 4% Jun 28 36 Nov Dec Feb 3% May Feb 9 55 J an May 82% Apr 38% Jan 13 Dec • 16% Feb t 283/2 Jun 14% Aug 2 Jan 46 3/4 Jun 34% Jun 22 48 Feb 58% May x44% Jun 7 45 Jun 65 18% Dec 11% Dec . 23 May 213% May July 19 163/4 Feb 89 Feb 153/2 Feb 92% Feb 166'/a Nov 101 Jun 3 United Electric United ■, 7 United* Fruit 8 24'A May May 17 17% Jan 8 U x89'% Jun 13 104i/aJan 20 U 175 10 183'/a May 12 Dec 173/4 May Dec 76 Dec 6% Junr Jun 42% Dec Dec 36 11% Sep 21j/4 8% 8% Jan 6 43 Jan Jan 3% Jun Jan 13 3 21 V U 8% Apr 18 491/2 Jan 28 U S 61% Aug 18 Dec 373% May 19% May 253/4 Mar 8 86 Dec 94 82 37% Dec 43 46'% Apr 63% 72 Apr 643/4 Jan 13 72 20% Jun 13 140% Jun 1293/4 Jun ' 8 Jan 1293/2 Mar 133 Jan U 18 • 241/4 May 14 U com Co com Co Feb 19% 18 % Jan > 4 21% May 19 42% May 383/4 Jan 3 433/4 Feb 6% May 4% Feb 24 8% Dec 123/8 May 85% Dec 98% Jun 2% Dec 6% ■ Jun Dec 34 16 Feb 20 8'/2 Jun 80 *•., Jan 21 Jun 14 87 Apr 29 2% Jun Feb 4 29 Aug Co non-cum Steel S U S United : 173/2 Jan 7 12 % Jun 14 4 Mar 10% Jun 3% Feb 25 7% Aug 12 Feb 23% JUn 193/4 Jan 17 233% July 11 150 Feb 170 Dec 1151/2 May May 156 Mar 170 5 1 Jun Sales Aug. 19 Shares . 223% 22 *106 for the Week V 6,300 107 133% V 13% 5,200 , 76% 24 24% *1043/4 105 74 : 200 74 23% 241/4 104% 104'% 2,200 5%' 5% 331/4 53% 34/ 190 27% 45 221/s ■ < 75% '■ 127,200 3,300 . V 513% 52 51'% 51% 13,800 17% ... 17% 16% 173% 17 17'% 70,200 223% 223% 22% 22% 22 '/a ' *21% 12% 24'A 22'% 12% 55'% 16 " 141/2 60 16 .,160 16 40 900 700 8,400 123% 12% 12% *21% 23'% *21% 23 *21 *21'% 23'% 100 241% 243/4 9,100 973% 97% 110 24% 24% 23% 24% 97 *96 14'% 95 97 97 ' 15 14% 96% *181; 185 553% *39 23 23% 95%,:. 94% 4% 71/4 517/8,. 23 *181 400 45% 4 7%, 39%. *22 *14 96 181 5,400 50i% . 97 - i;900 I 55'% 12% : 45% 4'% 7% \ 3934 22 *96 3 45% 4 . 35 2% 3 45 - 34 *333% 1,400 6 34'% *33 2'/a 5% *33'% 34% 33% *15% *8'/8 8'4 8% 185 8 461/2 *45 46V2 *44 23% *233/2 24 Co 96 . 15 '4 97% *181'% 185 14 96 *182 13 16,900 200 23'% 14 600 963% 10,000 •' 184 19 16% 16 16% 4 151% 10 31% *70'/4 5o 50 r 22%- *421/2 ' 25 1 5 % 133 900 253% 24'% 25'% 4,400 92 21 40% 703/a *69% 54,600 1,600 21 *423% 5'/8 5% * *23% 25% *24i% 14 *13% 14% *14 14 • 7 V* - - 7 '7% 23 *165: 166 : 21V 20'% 20% *423% 433% 10 9% " 9% *86 88%. 3% 25'% 23% 20% 43i% 4% 5%. *84'/a 7 233/8 20% *42% ' 431% 33/4 i 3%. 7% 23 3/8 23 100 23% 133'% 25V2 •; 70'% 22% *23'/2 . 910 1,200 133% 2 , *70 40% 23'% 50 1 11,800 120 133% 10 -* 1 33'% ' 40'% 233/4 88% com_No par 333% 1193/4 132% 10 3% 40% 70'% 92 23'% *84' 9% *84 33% 120'% 1,000 1333/8 88% 3% 9% • x33-%, Xll9% 40% *91'% 8 3% 46 22% 43% • 34% 12034 92 *7'% 46 132% 21 '•5% *91 v *69% 22% *421/2 5% 46 39% 120 133 43% - 5,400 24% 331/4 " 70 *'; - 500 16 16 25 33i Universal Laboratories Inc 3% *25 *14% 14i% 7% IV*,. *23 23% 5 1,900 ■ *4% 5 10 10 10 88'% 86 3% 1.300 863% 4 25'% 14i% 3% 25 *14% 700 100 4 3,600 25'% 200 14'% 7% 73% 23% 23% 100 73% 23% 7,900 - 1,600 " • preferred 39% 221/2 - 21 21 No par com preferred Stockyards Corp 23 333/8 1193/4 70 133'/+ 133 100* 31% 72 16'% 1,000 *91 *391/2 39% 83/a /■ 4'% 19'% 25 *73% 92 118% 119 *39',4 16 900 4i% *183% 613% 243/8 '118 «/2 16 4% 19 *60% 24% 100 19 8% 24% *91. 24'% 400 61% 24'/8 .. *23'% *4'%4 18% • 46'% *60% 92 32'4 24% 23% 4% : , *7% 45% 613'8 *91; 8 46 613/4 8% 45% 61% ■ 8 *44 *45% *7% 45 V4 61% ■ 8'% 46% 61%. 8 3'a 45'/2 ' *7% United Stores $4.20 non-c 2d pfd 5 $6 conv preferred No par 8% 18 3 , *8 *44 23%. 4% 183/4 45% Universal-Cyclops Steel Corp 14 *23 4 18% 8 46% *601/4 No par common Leaf Tobacco 4 4% 16 10 preferred non-cum Universal 8% 18% , 1 100 United Wall Paper Inc common 4% conv preferred 19 19 Friday . $ per share i6 10 common 1st Corp Tobacco 7% 8 25 '/4 Aug 8 133/4 . 55 *443/2 10 preferred ' ' 5 Jan 900 9C0 40 20 preferred Rubber s ' 16 51/2 Aug 12 IO1/2 Mar 30 3,400 51'% 35 3% „ 153% 5 I common Pipe & Foundry Co 7% 26 Nov 82'% 813% 39'% , 22 24. 141/2 ; 95 ' 4% Mar 54% -. 100 Machinery U S Smelting Ref & Mln com 7% preferred Mar 17 1403/2 Jan 223% *723% 243/4. 73% 54%-- *20% 97 181 J> 17% 73/4 *14 , 100 Playing Card Co S Plywood Corp common 33A% pfd series A 8% 21 37 22 U Jan 26 13 Dec 43/2% Aug 11 28 24 .*96. i>- 108 133% ~ 21% 23% , No par 20 U S 22% 81 Lines S 19 36 % Jun - 21% 1 *4 12 112'A Jun 22% 4% v/; ; 12% 22 .. 231/8 13 Jan *441% 7 22' 12% 22 No par Jun Jun 2% 45 *53»/4 22% > ■ 12% No par 52'% Jan 58 Ye 22 , No par 38 137% ■ common 9»/4 M&y 49% May ; 1 class A 58 Dec 3 7 453/2 ■ 1 Leather 53% July 37'/4 Nov 1 3% 2 4 - Industrial Chemicals S Jan 92 Aug. 18 *105'% 76 *32'% 33% v *441/2 . . 33 " 17% preferred Partlc Feb Apr 29 313/4 Aug 12 ,? 4' U Dec May !v3 171/2 Co common Hoffman S 73/4 ; *313/4 -7'/a 7 U S Jan 21 16'% May 18 3 ' *. 18 preferred 43/4% 49 73/4 Jan 22%' .13%' 1043/4. 105. . 5'/2. 331/4? 17% Freight. Co S Gypsum 393% July Thursday t ; $ per share 108 v5% *5% 32% . 5034 I 51% 35'/a 83'% 7,200 • U 27 24'/2 Aug 18 51/4 Jan 14 13 153/2 Jun 11% Jan * S 7% 24 Jan 57 May 25 17% Apr 28 Jan - Jan I . 49%- w 51'% 35 83% " Jun 12% Jun 28 45 3% No par 100 interest 51 35 237/a , . 493/4 $4.50.1st preferred— 7 of 831/44 — 120 31% 31% 50'% ' j ' 3 45 105 49% No par 8 31% * Improvement Co—,-13% Certificates 31'% 34%, *72 24 • N6 par U 8 & Foreign Securities 25 Mar 3 1041/2 i5%- Apr 13 18 23% Apr 11 333/4 *31% 23% ■: 391/2' Aug 20 31% 50'%. 34'% 13% 74 ,■ /, 15% Inc 50 98 Vv 19,100 • '/v,' X74 / 39 United Gas Mfrs 900 4,600 94 21% 38% United Paramount Theatres wi & *93i% *93 *106 133/8. 15% United Merch 98 94 $ per share 107 38% July 26 24 % *93i% *93 J *104 104»/2 5% -,51/2 33 »«■* 331/4 1, 13 Jun 4'/2 ( 76% X23%**24'\ Y 1 225/a Aug 18 6 *105 5 : 1,100 ,/ 111% : 94'- Wednesdays - Aug, 17 —10 Co_. - 1,700 y 403/o *111 111 40 98 ; 5 Cos__ United Gas Corp—' 179- 19»/4 <■ . ■ Coal / ■ share t7 -if'. 131/4 preferred.-.—.l.. ■■'iL.i.,. ■)... 100 ,18 3/4 Aug ■ 6 ; Engineering & Foundry %%> 1133/4 173/a • CLOSED lOo (The)— Corp common 7 Jun 94 Corp Aug 17 ? 183/4 Feb 32% May 543% 121 ;Y/ *75% STOCK EXCHANGE ;/:■ Corp—No par com—30c United Dyewood 8 5/8 45 83 83i% 50'% 21% ' 21% *•! V: 13% Stores $3.50 convertible preferred United • 106 13V4 No par Co_— Fastener 543/4 Mar 93/4 Mar 23 / 19% Jun 8 *104% v 10 Jan 40 18% Feb 24 , Carbon Cig-Whelan , 111 112%; 30% 341%,, $ per 21 % 213/4- .I --100 Jtdpar 22% Jan 22 ' 16 V V 18 United 40 8% *93i% Aug. 16 f ; __NOpar _i 25'% 40'% ,123% 412% 25 3/8 253/a *93 /';/"? Tuesday Aug. 15 S per share 5 100 / United Board & Carton Corp - - ' $ per share • 37% i preferred $4.50 i—* _a Araer_! 83 ■ Monday v Y,/' common—10 Inc preferred Jan 4% v Lines Dec 2% Y 4?%% 105 4 Aug 16 Y/ 73/a Jan 12 Air 38% 41 / 60 27 < 15>/4 u , Feb 2% Jun Par Corp common preferred Apr . . convertible 19% Mar 24 t. i United 26"% Mar 30 14 Jan Aug. 13 4 ' 1043/4 Jun . . *111 >45 LOW AND HIGH SALE PRICES Saturday EXCHANGE ».' • • , , 40'% - . 85/8 12.1% 247Y ; 44% 12'Y 39% 30% si'/*,;. Y- 50% *33% 34'%. : , ' Jun 9.% Nov • ■ NEW .YORK STOCK . 1103/4 109 y stocks , $ per share 20'/s July 15 *50'%, *33% 8% 443% 8%. 443% 25 98 30'% 83'% 82'% com. \ ,..J2. •24% 93'%.f ~94 30% ' ■':// 44% *2 110%;," *93'% ; ' 8%' , . 40'/a 1103% 98 : 94 ■ 243%,/, 393% 111% 30% Union..Tank par Co__—No 5s Highest Co 8% 443%; 12 a24% : ■%: *93% preferred-. non-cum . *93'% of .California—- Pacific RR Union 15 & $3.70 1 Lowest $ per Carbide Preferred 5 31% Apr 5> 891/2 Jan 21 Range Since Jan. 1 Y,, Asbestos & Rubber Co—- Preferred 13 - / 8% 44'%;. . Y-12./,-: .24% a Jan ■ 12'%-, Union .Bag & Paper .Cofli—-.No j Range for Previous Lowest *12' Union 7 111%, Aug .6 13 . : 443% *44 —No; C6rp 7 36% Jan 793/4 Nov Sep { 45% 313/4 Jan Jan ?Jan 8%*: -Y 8% (The), 6/ i Jan 91 Underwood 12 12% Apr 9. Udylite Corp , ' 100 *165 "• '166 *165 166» *165 165 20 9 9 9 3,800 56 56 56 50 166 165 1 7 Feb 10 Universal Pictures Co 10'A May 18 Inc com 8% 1 8*'a 8% 8% 8% 8% 8% ~ 42 Dec 70 14% Feb 273/4 9% Dec 15% May 2134 Feb 26% May May 43% Jan 3 ,56 4V*% July 29 preferred 55 100 ( f For footnote* Oct «** D»*e- 17 Jun 8% Aug 20% Jun 28 251/2 Apr 25 8 11% May 13 Vanadium Corp of America—No par Van Norman C<>— 2.50 14 24% Aug 19 Van ^ Raalte Co Inc 10 r *55 '• 56 •• *55 56 - 56 -. • 13% * 55 , 9 23% 18% 9% 24 18'/4 18 % *9'/8 93/a x233/4 2334 18'% *9 24 >/« 18% 93'„ 24 Va 18% 9 *243% 18'% 9 25 19'% *9 23'% 19% 1,100 9»% 800 24%.. 500 ' 24 THE (708) COMMERCIAL NEW luiefor Prerleaa Year LOW AND HIGH MALM MUCKS STOCK Saturday Par 12 y« jui j 15% May 10 Feb 16 13% Jan 6 Vertlentes-Camaguey Sugar Co__6% 19 Mi 29% 20 Jan 3 23% Aug 3 Vick Dec Jan 85% Dec 94 May 85% Mar 5 89 Feb 95 Jun 85% Jan 5 90 Feb 32% Deo 48% Jun 33% Jun 17 85 96% Apr 91 Jan 7 98 14% July 5 Jun 6 11% Jan Oct 7% Mar 93 Feb Jan 15% 82% Jun 124% July 18% May 14% Not 109 117% 3 29 14% Jan Jun 23 Deo 28% Dec 17 15% Jan 113% Jun Jun 3 27 July 18 Not 38% May 34% May 24% Dee 39% Apr 25% Jun 25% Deo 32% Jan 23% Mar 29 Apr 32% Jan 30 66 Jan 29% 29% July 27 14 5 Mar 15 38% Jan Jan 11% 11% 11% 11% 113/4 113/g 12 6,200 22% x22% 223/4 22% 22y8 22 J/2 223/a 1,400 90 *85 90 *85 90 preferred —100 •87 92 *87 92 •87 92 *87 92' *89 92 *37 373/4 *97 99 7 7 non-cum 3%*> *37 37% 100 *97 99 No par *7 preferred com 6% dlr partlc preferred Virginia Elec ft Pwr Co com $5 6 1% preferred 37 •36 *97 98 7% 89 *88 17% 17% 17% 17% 1153/4 115% 115% ♦16% 18 •16% *28% 29 28% 30% 30% 30% *28% 29% 29% 29% 29% 27% 27% 27% 27% 27% 32 *31 500 37 98% 7 115% 17% 5 Vulcan Detinning Co common Apr 26 89 89% 36 3/4 *97 7 116 17% ♦115% 20 20 pfd 37% 98% 6% 25 25 25 Ry Co common 6% preferred Visking Corp (The) 9 37% •97 10 Virginian 30% Apr 30 *88% 88 X88 106 ' 7% 100 preferred Va Iron Coal & Coke 4% 32 11% *22% •85 23% July 14 Mar 11% 22% Victor Chemical Works common—5 12 Shares 11% 90 32% Jan 31 the Weok •85 14 33% Apr $ per share 22% • 2.50 Va-Carolina Chemical 21 Feb gales for Aug. 19 Sper share Thursday Aug. 17 S per share 90 8 21 17% Aug 18 118 Friday Aug. 18 $ per share Wednesday Aug. 16 $ .per share j. *">.i' $ perthare ♦85 5% 26 Aug 118 Aug. 15 Pacific Ry com_100 1 Feb Co Vicks Shreve ft 10 86 Chemical Tuesday Moriday Aug. 18 I per thare f per share I per thare YORK Monday, August 22, 1949 RECORD STOCK EXCHANGE Lowest aiffhMt 9 per thare NEW Range Slaee Jan. 1 ■igkaat 1948 CHRONICLE STAPlf ft » Ltvwt YORK FINANCIAL & f. 63/4 89 17% 88'A 173/4 *115 J/a 7 17% 115% 17% 17% 18 18 28% *28% 29 % 28% 29% 31 *30% 30"% 303/4 30'/s 29% *30% 30% 27% 27% 27 J/2 *271/4 32 *31 *46 80 32 48 8,400 28 473A 18 32 *31 400 89 17% 115 J/2 . 115% 3,000 •31 32 *31 *17 >/2 18 J/2 130 28% 281% 600 303/s 30 7/8 1,600 30 % 301/2 400 80 W 57% Aug 45 Jun 6 12% Dec 15% Jan 12 Jun 30 Dec 35% Jun 25% Jun 13 31 May 19 105 28 105 100% Apr 101 Aug 27% May 8% Feb 21% Jun 1 13% May 16% July *18% Mar 6% Jun 29 Jun 101 Jun x87% Jun 14 May xl2 9% Jan 3 32 Jan 18% Jun 8 22 94% Feb 3 ' *19% Not 34% May 14 Jun 14 20% Jan 27% Aug 23% Jun 27 25 Jan 11 12% Dec 20% May 11% Jun 14 14 Jan 24 16% Dec 22 Sep 16% Feb 10 18% Aug 9 13 Dec 30% Jan lia/4 Apr 21 6% May 33/4 Jan 3 153/4 Jan 25 5% July 15 22 Not 1 Dec 26 Sep 34 J/a Aug *80 Nov 86'/a Jan xl9% Jun 78 27% Jan 13 26% May 16% Jun 13% 19% July 14% Jan 3 114 Jun 108% Mar 22 Apr 119 J/a Jun 113% Feb 25 111% Oct 103% Feb 8 22% Jun 100% 110% Feb 5% NOT 34% Dec Jun 104 22% Mar 24 12% Jan 14 293/4 Apr 13% 13% *13% 13% 13% 13% 14 14% 143/4 92% 92% 92% 93 94 94% 94% 94'A 170 11 10% 11 10% 10% 10% 11 10% 10% 12,900 20% 19% 20 20 20% *19% 20% 900 20% *20 13 30 Jan 24 6 68% Jan 26 15 26 13 Not Dec May 20 17% 17% 17% 18 17% 18 17% 18% 18 24% 24 24 24 3/8 24% *24% 24% 24% 24% 13% 13% 13% 13% 13% *13% 13% 13% 13% 18% 18% *18'A 18% 18% 183/a *18% 18% 18% 18 Va 14% 14% ,13% 14 13% 13% 13% 13% *13% 5% 5% 5 Va 5% 5% 5% 29% Nov 39% Jun 21% Jun 34% Jan Dec 33 % Jun 20% May 31 27 Jan 7 85% Feb 95% Apr 903/4 Jun 3 98 98% Feb 213/4 Jun 15 104 Feb 101% Jun 25 Dec 40% Jun 80 Jan 37 Mar 83 Mar 23 115 >27% Feb M Oct Jan 293/4 Jun 11 13 48% Jan July 5 2 27 % 80% *80% 21% 21% 21% 20% 21% 10,900 No par No par 108 100 23% 24% 23% 237/a 23% 23% 23% 23% 23% 23% 29,100 Nov 28% Feb 27% 31 Va Feb 9 19% Feb 6% Mar Mar 51 Jun Aug 18 4% Jun x42% Jun 65% May 17% May Dec 88 % Jan 70 Jun 12% - Not 69 56% Jan Dec 19 Jan 10 Jun 6 147/t Dec 18 Jun 14% Jan 14 22 8 Apr 100 100 116 Va 116 Va 116% 116% 116% 116% 116% 116% 116% 559 116% 116% 116% 116% 116% 116% 116% 115% 116 Va 1,370 110% 110% 110% 110% 110% 110% 110% 110% 1103/B 110% 660 111% 1113/4 111% 220 111% ■111% 107% *106 100 105% B *106 105% *104% 13% Jan 105% Dec 128 Jan 4 28 Feb 37% Oct 22 Jun 2 34% Jan 49% Jun 44% Jan 3 49% July 29 *138 Jan 137 13% 25% May 81% Feb Dec 58% Dec 11 % Jun 14 *59% Feb 39% 72% Apr ^ 7 68 Feb 25 79 66 Feb 9 Jun 8% Feb Jan May <>* 64 58 Jan 96% July 69 8 Mar Deo 100 *107% 34% 10% Feb 16% May 37 Dec 48 15% Feb 24 65% 89% Dec 13% Dec 4 Jan 10 14% 14% 14% 40%- 40 40 •';■; 6% 700 37% 1,600 10% 10% 11 10% 10% 1,700 *22% 243A *23% 24% 25% 26% *26 26% 70 *63 70 *22% Motor 257/a 66 14 14 26% 24 % *97% 7 Oct 23 Aug 17 Oct 53% Jun 13 74 Jan 28 10% Jun 28 14% Jan *19% May Feb 35 3% Dee asked P^ces; M * Kx-dlvldend. y no sales 25 97% *97% 98 112 34 34% 77% 24% f 77% on Saturday Monday Tuesday Wednesday Thursday Friday Shares 22% 23 223/4 23% 23% 23% *32% *32% 33 *32% 323/4 33 series A *32% 9% 9% 9% 9% 5 4% 4% ;; 4% No par 44% *44 No par common 10% No par 44% 11 *10% 11% *103/4 17% 17% 17% 17% 137 *135 1414 68% *73 74% 31 22% Zonlte 844,580 2,218,000 $14,692,000 1949 Stocks—No. of 1948 3,075,852 Bonds Bank Foreign Railroad ft Industrial Total 76 76 76 9% 22% 97/a $5,000 80 76 1,000 93/4 22% *21% 400 93/4 22% 1,100 10 10% IO'/a 10 Va 2,600 *35 35% 35 35 22 < 9% 35 35 30 73 9% 9% 9% 700 23 22% 23 64 63% 63% 11% 11% Ci>12 /v.".: 12% 12 12% 12 Va 12% 12'A 12 Va 2,100 24% 25 24% 25 24% 25 24% 25% 24% 24% 2,500 *3% 4 *3% 4 3% 4 has | .. been filed for 1,500 % 6,000 ■ ; company's reorganization, a •v Deferred delivery. ' 4 4 *3% 4 •' sale. ~s Special rCash sales. Transactions at the New York Curb wdWhen 1,800 distributed. Exchange Daily, Weekly and Yearly Total Bond Stockt 1 (Number Sales ' $5,0b0 3,689,500 3,144,000 $5,000 $16,107,500 Saturday Monday Tuesday Wednesday Thursday Friday Bonds (Par Value) ' Foreign •; of Shares) Domestic Government 1949 $29,000 $400,000 $782,500 5,000 89,000 845,000 3,537,000 1.405.500 900,000 58,122,470 56,842,180 14,692,000 11,107,000 448,129,100 648,662,900 $16,107,500 $12,125,000 $507,496,570 $709,824,580 $223,000 $213,000 204,000 $8,000 $2,000 42,000 5,000 251,000 341,230 108.000 6,000 335,260 117,000 48,000 2~000 ,'167,000 284,815 112,000 1,000 3,000 116,000 1,356,975 $754,000 $105,000 $12,000 $871,000 166.500 Total Week Ended Aug. 19 1948 203,788,422 Total 229,070 Jan. 1 to Aug. 19 147,329,029 Foreign Corporate Closed 1949 5,019,930 International 76 /_ 63% shares U. S. Government 73 22% 2,455,000 Week Ended Aug. 19 73 23 3,352,000 $5,000 73 63% $3,467,000 $1,405,500 120 75 1 237,000 5,019,930 3,100 69% 227/8 ' Total 143/4 69 % 69% 62% ' j 143/4 *68% 70 No par $4,000 1,000 143/4 69% 70 22% 293,000 272,000 143/4 69% 63'/a -yt $326,000 277,500 500 22 Week Ended Aug. 19,1949 2,866,000 6,800 63 Bonds 3,408,000 26% 49 22 Government 1,182,250 26% 48% 63% United States 1.443.050 26 49% 63 Z Radio Corp Products Corp 3,059,000 10 26 49 22% 22% Zenith 138 ♦135 137 7,300 14% X75% 22% 22% 137 100 11 18% 71 74% 7 834,920 18% 69% 76% 9% 15 $3,141,000 *10% 183/a 6,200 26 '*69 76 Jan 715.130 11% 18 11 76% 14% 69 6 petition *10% 900 44% 11 69% 14% *21% preferred *73 44 49% 49% *73 *9% •-■ 75% 137 *25% *73 9% *9 44 11 75% 18 *135 0 < 69% 69 76 7434 26 49% 14% *68 71 No par B Mfg Co 49 14% 68% *69 137 •25% 5,300 11 11% 11% 17% *135 2,000 4% 44 *74 *10% 100 9% 11 76% 10 Co 300 9% 4% 76% 10% *74 10 com Closed — 11 76% *74 32% 9% 4% 44% •44 44% 10% 4% 32% 9% 10 4% 4% 33 9% 1 Young (L A) Spring ft Wire_No Par Youngstown Sheet & Tube No par Youngs town Steel Door No pax Bonds 200 450 8,000 22 9% •; 26% 21% 35V4 Bonds 26% 5,200 9% Bonds 27% 14% ' 21% Daily, Weekly and Yearly Week Ended Aug. 19,1949 78% 27% • 14% 35% Jnt'l 77% ' 14% 9% Bank 773A 14% I com 2,900 35% 77% ■ 14% 35% Foreign 35 34% 34% 13% 9% Railroad 112 500 13% - 35% of and Mitcel. *108 26% 112 40 700 27 21% Transactions at the New York Stock Exchange Stockt 102% *25 13% Ex-rlghts. Number 102% 20 Motors common or 103 5,000 19,800 25% 98% 13% 25% tin receivership, 26 24% *973/8 25% 27% 1 this day. 25% 98 5,300 *26% 50 32 *108 14% 13% 49% conv '' :„ 26% 34% 78 ' '4 :,V" 77% ;• 102% 1081/2 34 77 % *26% "27% 27 25% Corp *108 33 Va - 800 68 14 26% 98 25% 25% 112 33% 26 •■/v. 26% 26% •63 14% /V/25'/'; 102% *101% 24% *108 14% 24 *23 Va 1 com Co ft Towne 103 103 78'A 48% 4%% 14% 26% 24% 97% 4% Jan 20% July 12 3% Feb -9 July 6% May 26% 24% 26% 24% 13% 6% I . 19% 26'A 24% 98 10 York *63 26% 24% ♦25% 6% 14 103% ♦108 > *107% 109 13% Woolworth (F W) Co If Worthington Pump &' Machinery common No pa* Prior pfd 4%% series .-..100 Prior pfd 4%% conv series—100 Wright Aeronautical No par 18 ♦107% 24 *25% *61 103% Co 6% preferred Woodward Iron •22% 25% *23% preference Wilson-Jones 24 12.B0 Co__ 109% *6% 65 25% 100 Sewing Machine Oil *107% fex; *61 100 Instrument Elec Tale 20 IO9V2 10% 24 Jan *107% 10% 15 39% Jan 2,400 10% Jun 12% Jan 500 40% ■ 10% 25 13 190 14V4 40% 40 10% Wrigley (Wm) Jr (Del) Wyandotte Worsted Co 8 105% 105% *14% 109 % 14 39% 105'A 14% 40% 14 40 6% 76% Aug 16 9% Jan 7 30% May 13 16% Jun 17 May 107 Va 37% 19% Jun July 11% 22 15% Mar'30 69% Aug 17 10 94 60% Mar . 24 Not *104% 111% *106 38 Wisconsin Elec Power Co 10 Jun *62 107% 37% $4.50 canv pfd Aug 18 ; ■u u 112 37% $4.25 preferred 5 41% Not 105% *111% *106 105% *106 14% *14 par Lines Inc Air Wilson & Co Inc 17 125 111% 107% 111% 107% 6% 2 18% May 60 116 Auto Willys-Overland 12 % Mar 10 79 1,000 37% 13 15 21 8% Jun 23% 82 67/a Prior Wilcox 12 7% Jan 6 10% 11 11% Jan 7% May 31 May 1*. 223/4 *80% 116 ' • 23 82 37% 323/4 Aug 10 18% Jan 22% 37 8 22% July •V: 37% White 9»/4 Feb 22% 109% 6% 25% Apr 13 ■/:::/ 6% 3 12% Jun 22% ;v *36% White 24% May 23 1 16% Mar 30 13% Dec 1,900 21 Wheeling & Lake Erie Ry 100 Wheeling Steel Corp com No par $5 conv prior pref No par White Dental Mfg (The SS) 20 12 23% Mar Jan 5% 80% Weston 27 89% Jan 71 500 1,400 80% 3%% pfd series A 3.80% pfd series B 1073/4 July 27 Mar 30 102 July 57% 92 1 26% Jan 7 600 14 21 Aug 11 91% 5% C 5 ; 500 22% Aug 18 13 5% 3,400 .< 20 22% series A 100 Western Union Teleg class A_No par Westinghouse Air Brake No par Westinghouse Electric com 12% 7 23% 2,000 „ 18 24% *13% Preferred Mar 30 17 May 31 *20 13% *93% Supply Co 10 Western Maryland Ry com 100 4% non-cum 2nd pfd 100 Western Pacific RR com No par 8 Jun 533/4 Jun 36% May 74% July 20 58% Dec 25% 2,100 80% Western 8% Feb 8% 8 8% 79% Western 24 21% Jun 16% July 38% July 7% Mar 8 22% 25 24 7% 5,100 20% 4.20% 8 17% Jan 20 32% May 23 May 7% 700 25% 79% 11 Feb 5 iO'/a May 77/a 253/8 253/8 10% " 46 % 7% 25% 19% West Penn 14 105 Va Aug 2 4 25% —. — 1 73/4 Apr 353/4 Jun X24% 400 105 No par 413/8 Mar 12 13% Mar Oct 51% 25% *103 104% West Penn Elec Co com Class A 1% preferred 6% preferred 26 113 18 101% May 16% Apr 38% Feb Jun 108% Jan Apr-25 25% *103 29% B 108% Jan Apr 104 Va 200 14 13% *28% 1 May 12 107 105 *103 14 '29% B 41% Jan Jun Jun 14 28% ; - 92% No par 14 113 107 Oct 46% 14% 28% 1 Power 4%% pfd preferred series B 4.10% preferred series C West Virginia Coal ft Coke West Va Pulp ft Paper com_No 4%% preferred 105% Not 100% 25% 463/4 28% $4 conv preferred Indies Sugar Corp 111% Aug 10 104% Mar 46% *14 . 105 *103 8 8 Wesson Oil & Snowdrift com—2.B0 117'/a July 11 103% Mar *113% 105 25% 14 29 0 West 21 24% Aug 10 116% Aug 10 Feb *103 46% 14. •28& ' : 100 Webster Tobacco Inc 7 23% Jan 14 46% 14 29 No par Wayne Knitting Mills S Wayne Pump Co 84% Jan 24 July 13 19% Mar 47% 29 Warren Petroleum Corp 3 Washington Gas Light Co—No par Waukesha Motor Co S 7 " 3% •13% CLOSED No par 5%% preferred Warner Bros Pictures Warren Foundry & Pipe 4 12% May 25% Feb 22% Jan ♦45% EXCHANGE 100 Ward Baking Co common 15% Jan 21 14 9% NOT 10% Mar Jan 25% Aug 19 93/4 Jan 7 14 183% Mar Aug 11 STOCK No par No par 100 Wabash RR 4Vs% preferred Waldorf System Walgreen Co common 4% preferred Walker (Hiram) G ft W Walworth Co 60% Jan 28 14% Apr 9 Btocks—No. j^f 1948 114,000 Jan. 1 to Aug. 19 1949 1948 1,356,975 934,065 35,635,016 50,876,869 $754,000 shares. $365,000 $22,452,800 $34,702,000 105,000 57,000 6,732,000 6,327,000 12,000 16,000 1,148,000 1,292,000 $871,000 $438,000 $30,332,000 $42,321,000 Bonds Domestic Foreign Foreign Total governmentcorporate ' . -Number 4831 Volume 170 THE COMMERCIAL & Friday italic letters In the column headed Figures Range for Previous *. Range Since Jan. 1 "" Highest NEW Lowest Highest 101.11 May weekly - "Interest decimal Period" 9 • i a, « •, Y1.M (709) •' In or one each more the month case 32d of a when the bonds mature. / point. LOW AND HIGH SALE PRICES BONDS YORK Saturday STOCK tTreasury 3%s Monday ; 1 Tuesday Aug. 15 ; Aug. 13 Low High Aug. 16. Low High Low . Wednesday Thursday Aug. 18 * Aug. 17 - . Low High Low High Sales for Friday the Week Aug. 19 Low High Bonds ($) High Sep 108.28 May 108.13 Jan~26 110.23 Mar 11 101.18 Dec 102.22 Feb 110.23 Mar 11 102.23 Sep 102.23 Sep Sep 101.11 101.19 Jun 101.19 Jun 102.1 100.24 Mar 100.25 Jan 103.8 100.23 Jan 100.26 100.23 Sep 100.24 Sep 101.12 Feb 9 101.13 Jun 100.16 Sep 101.12 Jun 101.7 7 103.2 100.7 Oct 100.27 14 Feb Mar'u July 25 Feb May 100.18 Jan 6 100.28 Jun 14 102.13 July 102.30 Feb 9 100 Mar 100.4 May 100.13 Jan 20 100 Mar 100.17 Feb 9 100.2 Feb Oct 100.21 Sep 101.13 Mar 104.9 . 14 Feb 104.6 3 Agu 10 July 25 103.8 24 Aug 2 101.28 Jun 103 30 Aug 8 105.4 Aug 10 102.10 July Dec 101.3 Jun 100.31 100.30 Sep 100.7 101.8 101.18 July 101.19 July Sep Oct 100.16 14 9 100.21 Feb Jan 26 101.18 Feb Apr *100.26 100.28 •104.13 104.10 *104.13 104.16 *104.13 104.15 2%s 109.28 *109.22 109.26 Y *109.22 109.26 *109.22 109.25 1951-1954 •103.13 103.16 *103.13 103.16 *103.13 103.16 *103.13 103.16 *103.13 103.15 ii%» 1956-1959 •110.26 110.30 "*110.26 110.30 •110.24 2v* 110.28 *110.24 110.28 *110.24 1958-1963 ♦111.26 111.30 *111.26 111.30 •111.24 2%b 111.28 *111.24 111.28 *111.24 111.27 19BO-1965 • 113.6 113.10 *113.8 113.12 •113.6 113.10 *113.4 113.8 *113.4 113.7 1949-1953 •100.19 100.21 *100.19 100.21 *100.19 100.21 ♦100.19.100.21 *100.19 100.21 -1950-1952 •101.27 101.30 *101.27 101.30 ♦101.27 101.30 *101.27 101.30 *101.25 101.27 -1952-1954 *103.9 103.11 *103.9 103.11 *103.8 103.10 ♦103.8 103.10 *103.8 103.10 -1956-1958 •106.15 106.17 *106.15 106.17 *106.14 106.16 *106.14 106.16 *106.13 106.15 —.1962-1967 •104.22 104.24 ♦104.22 104.24 *104.22 104.24 *104.22 104.25 *104.20 •104.5 104.7 *104.5 104.7 *104.5 104.7 *104.4 104.6 *104.3 104.5 2%rS 2%a 1965-1970 2%l 1966-1971 2Vis 2Vis— 2%s_ Jan 9 101.8 Jan 26 94.14 Jan ♦Bid 2s due and Sept. asked 104.22 2Via —Jun 1964-1969 *103.25 103.27 *103.25 103.27 ♦103.25 103.27 ♦103.24 103.25 —Dec 1964-1969 103.26 ♦103.23 2Vis_ •103.22 103.24 *103.22 103.24 *103.22 103.24 ♦103.21 103.23 *103.20 103.22 *103.17 Jun 1967-1972 CLOSED 2%s 2Vis 2 Vis 2Vis Dec 1967-1972 *103.17 103.19 ♦103.17 103.19 *103.16 103.18 *103.15 103.17 103.18 *103.16 103.18 *103.16 103.18 *103.15 103.17 *103.14 103.16 • EXCHANGE Sep 1967-1972 103.19 •103.16 STOCK 2%s 102.29 102.31 ♦102.30 103 *102.30 103 *102.28 102.30 *102.28 102.30 ♦105.23 105.25 *105.25 105.27 • 105.26 *105.22 105.24 *105.22 105.24 *102.29 102.31 *102.30 103 *102.30 103 102.29 102.29 *102.28 102.30 1951-1953 ♦103.5 103.8 *103.5 103.8 *103.5 103.8 ♦103.6 *103.6 103.9 1952-1955 ♦102.28 102.30 *102.28 102.30 *102.26 102.28 * 105.24 103.9 -1.26 .35 *it 8 101.18 Feb 9 *106.2 106.6 *106.3 106.7 *106.3 106.7 *106.2 106.6 *106.2 1956-1959 *105.5 105.7 *105.5 105.7 *105.4 105.6 *105.4 105.6 *105.4 105.6 .Jun 1959-1962 106.5 *102.24 102.26 *102.24 102.26 *102.24 102.26 *102.24 102.26 *102.23 102.25 Dec 1959-1962 *102.23 *102.23 102.25 *102.23 102.25 *102.23 102.25 *102.22 102.24 Sep 1949-1951 102.25 *100.3 100.4 *100.2 100.3 *100.2 *100.2 100.3 *lu0.2 100.4 Dec 1949-1951 *100.13 100.14 *100.12 100.13 ♦100.13 100.14 *100.12 10C.13 *100.12 100.14 *100.18 109.20 *100.18 100.20 ♦100.18 100.20 *100.18 100.20 *100.18 100.20 -Sep 1950-1952 *101 101.2 *101 101.2 ♦ ♦100.31 101.1 *100.31 101.1 ——-1951-1953 *101.23 101.25 *101.22 101.24 *101.22 101.24 *101.22 101.24 *101.21 1951-1955 *101.31 102.2 *102 102.2 *101.31 102.1 ♦101.31 102.1 *101.30 110.2 Jun 1952-1954 ♦102.6 102.8 *102.6 102.8 ♦102.5 102.7 *102.5 102.7 *102.4 102.6 Dec 1952-1954 *102.14 102.16 *102.14 102.16 *102.13 102.15 *102.13 102.15 *1U2.12 102.14 104.3 99.11 Jan 5 sales 1949-51, called Sept. 101.2 at July 14 Aug 17 102.12 transacted 15 1953-1955 IVis 101.2 101 101.23 *104.4 104.8 *104.4 104.8 *104.4 104.8 *104.2 104.6 *104 ♦100.18 1950 Bank 100.3 100.20 *100.18 100.20 *100.18 100.20 *100.18 100.20 *100.17 100.19 •101.3 101.6 101.6 *101.3 101.6 102.12 *102.13 102.17 .. for Reconstruction & Development 10 No $5,000 2-7 1 1954-1956 Mar lyt>u-i952 Treasury 98.24 Jan price. 110.27 1963-1968 Treasury Treasury 2s Treasury 2s__ _ 98.30 May 99.30 May 100.27 *100.25 2Vis International 94.10 *100.26 Treasury Treasury Treasury 9 _ 101.26 May 100.28 104.16 •109.24 Treasury 100.21 Feb 101.7 •100.26 *104.13 109.26 Treasury 2Vis Treasury 2Vis Treasury 2Vis_. tTreasury 2s___ tTreasury 2s 6 Oct 100.31 102.31 Jan 3 102.26 May 100.23 Jun 100.21 100.28 104.16 ♦109.22 Treasury Treasury Treasury Treasury Treasury Treasury Treasury Apr 102.31 Jan 104.9 Sep 100.28 •104.13 1955-1960 Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Jan 101.14 •100.26 1961-1955 tTreasury 2%s __ 101.7 102.26 May 100.7 Oct 1949-1952 2%i Treasury Treasury Jan~26 108.13 j* Treasury Treasury 105.28 Mar Sep ,A*C4*6ury Xro»»ury 105.1 107.4 100; this 2s 10-year 2 Vis day. due Dec. 1957 *101.4 101.8 *101.2 101.6 25-year 3s 1972 •102.10 103 *102.11 102.15 tThe following Treasury 15, 1949-51, called Dec. bonds 15 being called are at 100. Odd a lot redemption: for transaction, r 3Vis due 1949-52, Registered bond 102.12 "101.2 102.12 called Dec. 15 at 102.12 100; 2%s due called 1949-53, Dec. $5,000 15 at 100; transaction.: 'Y RANGE Friday BONDS Interest New York Stock Exchange Last Period or Sale Price FOR WEEK ENDED AUGUST 19 Week's Range New York City Transit Unification Issue— Range Since Sold x : BONDS Y ,v New York Stock Jan. 1 Low No. High ; v J-D 107% 1071? 107% ' 18 J-D . 107% „ 3%s Series No. 17. < - - Foreign Securities - "* 3%s Series No. 21 J-D . 3%s Series No. 24— 2-2300 120 Broadway, New York NY (City) s f 5s Sinking fund gold 5s Canada lAChlle (Colombia)— 1947 1948 IA 7s F-A AGtd A-O Akershus fund 6s (King of Norway) 4s (Dept) coll 7s A lAExternal s iAExternal lAExternal AExternal f *61 *61 91% 45% 4G 1945 j-j s f 7s series C 1945 j-j s f 7s series D s f 1945 7s 1st series AExternal sec AExternal sec 1957 ' Antwerp (City) external 5s Australia (Commonw'lth) 5s 1958 of '25.1955 10-year 3 Vis 1950 10-year 3 Vis 1957 . 20-year 3 Vis 3 37% 46 2 37% 46 37 45% j-d 45 17 ; 102% 37% 5 37% r2 37 % 45 15-year 3%s 102% 104 ' 98% 99% 107 93% 93% 15 DO 97% 93 93% 44 89 95% J-D 98% 103% J-D 89% 83% 89% 14 85% 89% 89 90 34 85 93% 1962 f-a 89 28 1949 M-S 100 100 2 1955 j-j External s f 7s 108% 109 1955 19 j-d -1941 j-d 88% . Plan A to (Int reduced to 3.5%) s f 6Vis of 1926 .1978 116 116 71 84% .. a-o 52% 52% 14 74 (Int reduced to 3.375%) .1979 a-o (Central Ry) Stamped pursuant to Plan A .1952 J-D (Int reduced to 3.5%) .1978 45% 52% 52% 70 70 i;Y: 60% 1 M '' ''' 100% 101 A-O 102% 103% J-J 106 J-J *57 ?':;y __ *50% — ♦35 1 09% 101 102 % 6 — — — A-O —■ *51% 46 37 25% 28% 1 34% 37% 54 27% 27% f-a 35 35 35 f- A 27% 3 ' ' Sep 1961 Sep 1961 1962 M-S A-0 *27% Af-N 35 27% 2b% *35 40 ASlnklng fund 6%s— A6%s assented 1961 1961 J-D *27% AGuaranteed sink fund 6s 1961 A-O A-0 *27% 1962 M-N sink fund 6s —1962 7s— M-N i-1960 M-S Jh •w— 34% 2 I. 53 Va (Hukuang Ry) 5s M-S J-D *4% ... ; » 49% 1 42% 53% 65 1 62% J-D 64 2 57% 69 3%s Series No. 3 J-D 65 65 7 59 3%s Series No. 4 J-D €4 65 2 57% ■ — 27% '• 2 7 69 73 73 SECURITIES 69 58% J-D 3%s Series No. 7_ J-D 3%s Series No. 8 J-D 3%s Series No. 9 J-D *65 _ 3%s Series No. 10 J-D 3%s Series No. 12 3%s Series No. 13 J-D T%s J-D For footnotes see page 29 1 — — *67 80 70 «... 62% 73 *67 70 M... 58% 73 71% 60% 65 58% 65 €3 63 62% 62% 3 59 65 62% 62% 7 55% 66 ■ • ■ ' —— ~ FOREIGN SECURITIES SPECIALISTS 73 *63 firm trading markets f!ARL MARKS & HQ. Inc. 69 ♦37 __ J-D 14 *.■; *67 . __ J-D 3%s Series No. 11. 65 ' — ' 1 58 65 , 50 Broad St., New York 4, Telephone HAnover 2-0050 29 37% 29 36% 26% 1 ' 71 3%s Series No. 2 34 35% ■ For Financial Inetitutiona FOREIGN 37 26 27.% • 29 ' 26 "UV 27% 1951 37% 26 ' — we 1960 assented 29 29% .*^4 ' 36% 26 25 ■ »', 27% *33 29 61 • 2J ♦35 . 29 v36% 34% *35 1961 • " " ' — 34% 37% 1 : 27% 27% 27% 25% 25% (" 1 35 *35 Munic 37 2 ■ 28% J-D Cons 34% ' 27% 27% 26% j-d assented '■ 35% j-d A Chilean i • 27% M-N J-D = *35 M-S 1963 27% 27% 1957 assented 29% *35 a-0 27% 1957 Y 29 26 *35 J-J J-J 1993 6%s 29% 37% 26% 34% 5 . -V 34 1 21 Vi 25% 4 27% 71 46% __ : A-0 1963 — bonds 2-3s 54% 61 52 35 ,35 35 55 49% No. 59 35% 3 27% 27% 71% 65 Series 104 % 107% 54 % ■ ' M-N m-n 101% 101% 102% 104% 10 106 % 1962 6s fund 6s Mortgage Bank A6%s assented AChlnese 43 *68 J-D 54 J-D . 63% 98% 16 ■'■■■ 64% 65 60% — . 100 . 58 72 funding bonds of 1931 due- .1951 Stamped pursuant to Plan A 3%s Series No. 5— 65 59 , J'5 ( 99% 100 Y 100 Jan 1961 sinking fund 6s assented f $ AGuaranteed 60% 7 v": 1 0% (Int reduced to 3.375%) .1979 External $ bunds of 1944 (Plan B) — 3%s Series No. 1— s A 6s 71% 62 — 'v.'' Stamped pursuant to Plan A A7s 64 64 b.lh Jan 1961 f 6s AChile :• A 7s 52 ♦68 — 3-d .1957 120 60% s assented A6s C'V.Y-X A-O .1979 112 115 1 102% 102% Stamped pursuant to Plan A (Int reduced to 3.375%) AExternal s f 6Vis of 1927 93% 100 4 71 -- .3 A-O .1957 AExternal ;x. xi j-d a-o 65 ' 65 P-A 1942 70 66 56% V' r ' I960 sinking fund A0s Extl 92% j-d 6s Stamped pursuant 63 • Feb 1961 6s assented AExternal 99% 93 y8 f external 8s 64% *63 . Feb 1961 assented A 6s 95 f;v 105 j-j s (U S of) ► 100 1960 f 7s assented AExternal sinking Afls assented V:x F-A External 6Vis AExtl 45 45 1967 Belgium external s — sinking fund A 6s 45 45 44 — 12 44% „ "' >' 45% assented ARy external 1966 ' 20-year 3Vis lABrazil A6s AExtl A 6s 46 45% .... a-o series 46 46 44 ' A-0 2d 93% 37% 45% A-0 1957 7s f 62 ' 81 ~3 : 46 J-j f 7s 3rd series—1957 s s 60 6 J-D 1942 External 65 65 65 ■ 57 1954 AExternal sinking fund 6s t>2 91% j-j 70 3 __ M-3 1945 series B 7s 70 1968 lAAntioquia (Rep) 60% 55% ...55% 1 60 63 1960 4s " - *63 1958 8s 65 ' iAQtd sink fund 6s sink (City) 65 ' J-D Jf-8 65% 58% 59% ; 1961 (Dominion of) A Carlsbad 65 *63 c. » '' ' -:r.! 63 1950 ; 25-year 3Vis Agricultural Mtge Bank l-.V J-D 1957 Sinking fund gold 6s Foreign Govt. A Municipal J-D _ . Brisbane 1-1693 ; . v 63 56 1 4 63 *63% — 65 65% 6 63% 63 % *63 ,, J-D —. 3%a Series No. 30 T eletype - ■ ' "" ' •• 65 58 '10 " ' —«, 63 J-D — ' High 59% 60 - 62% 63% Jan. 1 Low No. 64% 64% 63% •-.Vi 62% > J-D —— 65 *63% Range Since S«ld HighX *63 l Bonds Friday's Low '4 J-D — 3%« Series No, .29 REctor 1 3%s Series No. 26 >3%a Series No. 27 Wertheim & Co. . ' V J-D . 3%s Series No. 23 3%s Series No. 28 . ' - J-D 3%« Series No. 25 • I J-D 3%s Series No. 22 Members New York Stock Exchange or Bid A Asked - J-D 3%a Series No. 19— 3%s Series No. 20. ^ '■ ^ ; J-D " . Y J-D ■ v3%s Series No. 18 Telephone " Last Sale Price Higti} 3%s Series No. 16 104 Period ■ * -1980 v Interest ;> Exchange 3%s Series No. 15 Corporate Stock Week's Range Friday Bonds Friday's Bid A Asked Low 3% 25 yearly - indicate point represent EXCHANGE - * 101.11 May 9 after GOVERNMENT .w Year 1948 Lowest CHRONICLE v , New York Stock Exchange coi The FINANCIAL • . N. Y. Teletype NY 1-971 29 35% 37% 26 29 4% 7% .'j 26 (710) •V THE YORK NEW RANGE Friday Interest BONDS New York Stock Exchange Period •' Week's Range or Friday's Bonds Sale Price Bid & Asked Sold Last Low Colombia A6s of 1928 Oct 1981 Jan 1961 external f s 1970 bonds $ .>1947 SASinking fund 7s of 1926____—1946 8 A Sinking fund 7s of 1927 1947 Copenhagen (City) 5s 25-year gold 4'/is Costa Rica (Rep of) 7s Cuba (Republic of) 4VaS extl to 6%) .lADenmark 1 70 82 3 70 82 V'a A-O '47 M-N *47 F-A J-D 1953 to extl French (Republic of) f 1960 A-0 J-J $ $ 55% 56 Va. 92 Vi 91% 92 % 89 89 79 79 80 of) part part *71 State J-J 55 5 15 1949 U-N 10 F-A A-O *62 1960 f l-3s '104% I960 f 5s s MS 1968 s B (Prov Vis M-N 101 1977 Italian Credit Consortium for Public Works 1% to 3% J-J 1977 „ UtilityCredit Institute 1% to 3% 35% J-J 1947 B Italian Public 9% 10 % 9 .14 9% 35% MS 31% 36%' of J-J 1952 J-J' *49 Vi 1951 J-D 55% 9 10% 32 ($ J-D J-J External 7s Altaly (Kingdom of) 7s AJugoslavia (State Mtge Bk) 7s AMedellin (Colombia) 6%s A4V2s small ANew assented 31% Af-N Af-N 55%, 1957 A-O 11 44 44 conversion A-0 "100% 100% 1978 F-A 1984 J-J 1958 7s F-A agree__1943 F-A Great 1952 196? Power 1st Airlines mtge 3Vis 1972 debs 3s 4 % a Large Asman 8A5s Assented to .... „ 1966 ALarge Asmau A5s New ass'td 1922 agree__1945 . 1922 ... 8 A4s of 1922 new 1954 (assented agreement) 1945 SATreasury J-D J-J 6t of 1913 ass'td agree)_Zl963 (1942 s IIZHIZIZZ1952 7% 11 ■ - • - 4% 6% "4% 4 _5 7% -. ' ( l>/a ~6% * 6% :■>%' i'0 : r ,x : "1% 6 j'-J to to f 9% 9% 11% , *9% pursuant to 4 2008 MS US \ — ; — ref 3Vis series reduced to APeru U-S Af-N *23 96 M-S 96 97 29% 97 A-O 96 96 96 A-O *90 J-D *96 A-O 10 97 F- A 1963 97 94% ; '103 *37 1959 ' J-D A-O 1940 107 Va J-D 113% 112% 114 1962 1,071 106% 114 A-O 104% 1969 A-O 104% Q-J 1959 & 1966 Santa 104'/a 104% A-0 70 A-O 127% 128 M-N H8 118 M-N - 118 4s ser 102% 104% 102% 103% 100% 20 101% 105% 93% 100 % 17 93% 59% 59% 59 % 50 42 41% 42 y4 19 37 14 99% J-J 102 101 % 102 1950 ; 30 to Plan to 99% '85% CO <J A-0 1st 93% 87% 90% — Con Beech 30% 17% 21 "9% 21 _3 10% Stamped pursuant 14 40 *30 33 27% 31 J-J *28 30 A-0 27% 297/a *33 39 40 A-0 2012 F-A 29 *36 Vi 27 29 27 40 (Int reduced to 2.5%) A68 external sink fund gold Stamped pursuant reduced external to loan of Stamped pursuant reduced to 1999 A-0 1968 J-D 2012 J-D 1966 1926 to Plan 27 J-D *25% *28% J-D M-N *22 49% 49% M-N *44% 1957 Af-N *52% pursuant to Plan A 2012 M-N *44% reduced to 1930 2.5% to Plan (Jnt reduced to 2.5%) nee J-J page 1985 D' J-J 72% J-J J-J 72 7 a 66 73 86 72% 1st '84 80 95 3%s 84 % 1961 M-N 1964 F-A 1970 mtge 2%s 3s J 46 J-J 99 :v •99 99 997/a 49 Vi 99"% 100% M-N series AC 5s series II 4%s mtge 1967 M-S - JJ ..1961 July 1970 (Ernesto) Co I960 7s 73 J-J 1968 - modified 74 M-N - ~ 47 F-A " 74 " 46 101 74% 6 47% 39 -A-O 87 101% 74 83% 44% 59% 35% *104% 105% 103% 104 V'a 1950 F-A *100 100% 102 1969 M-S *103 J-J 4%3 98% M-N M-N 58 Va 1952 A-O *100% J-J 1960 A-0 106 1959 Bldgs 5s gtd 97% 99 73 *101% 102% 1957 4s 5s 103% A-O 100% 1976 j-l) 90% 98% 59% 28 50% 100% — 95 95 13 106 108 1 91 y8 105 103% 99 % 102 61% 102 99 103 Corp— j debentures Power 1st 3s Power 3%s ...1974 M-N gtd 5s A...1962 100 100 % A-O 104 104 gold gold 5s Oct 1969 A-0 105 3" 105'/4 105 39% Guaranteed gold 5s 1970 F-A 106 ii 106 ii gold 4%s___ ;__.195ri J-D 29% 29% 54 55% 44 y4 Southern cons National 54 47 66 J 4%s 65 66 79 41 73 1957 Carolina Clinchfield & Ohio 4s & Adirondack 1st mtge gtd 4s_ Celanese Corp 3s deos Celotex Corp 3%s debs 99 % 15 95% 100 VA 102 '/a 104 104% J-J 98 107% 106 hi 103% 3 112 % 113% 112% 112% 105% 105% 9 6 112 113% 105% 105% u 105 96 98 M-S 1965 115% 28 113'/a 113 Va F-A M-S 113% a 106% 108 % 108'/a J-D *53% 106% 51 93% 101% 1 106% T—4 0 00 r-- -0 Ry— 3%s debs (1947 issue) 5 A Cent Branch U P 1st gold 4s 1st mtge 100 102 v. *114% 115% J-J Guaranteed gold 4%s ____1956 Guaranteed gold 4%s 1951 Canadian Pacific Ry— 4% conv deb stock (perpetual) of 97% - Ry— " Central 41 96% 35 1 *102% 103 % 104 Guaranteed 55% At. 100% 100 % 103% 35 % *31 1955 1st 83 — Canadian 33% ,'fi 101 90 28% 46 73 97% 97% 39 1976 Carthage A 99 % 104% 83 *__ -A-0 - 1954 mtge 2yBs_: Terminal *75 *101%' -M-N 1955 series Canada 34% 50 19 *99% 100 V'a 102% 103 % 34% 25% __ 94% J-J 38 53 __ 121% 102% *104% 105 y4 1976 K 95 100 119% Maine RR— California Elec 27% 29% 80% 100 1979 ser ser 5s Bush 84'/4 100 29% 27 __ 29 74% 24% 17 *65 J-J 85'% 60% Guaranteed 27% *69 1989 75% 40 35 *65 J-J to Plan A A8s external Stamped pursuant J-J 1999 1950 Stamped pursuant 10 66 64% 29 1 *52 2001 (Int redi ced to 2%) lASan Paulo (State) 8s ser 65% Guaranteed 37 A (Int reduced to 2.375%) A6Vis extl secured s f 'w»tnotes 37 to Plan A A-O 85 ,"'84 __ J-J *97 Calif Oregon U-N 2.25%). 2004 7s 1967 stmp pursuant to Plan A (Int reduced to 2.25%) 2004 ARome (City of) 6Vis 1952 ASao Paulo (City) 8s 1952 73 52% 38% 45 33 59 '/a 39% 39% 37 Plan A 2%) to Stamped pursuant *31% 24 32 33% *43 A 62% 63 120% 120% 2%s A-0 63 V'a 49% 49% 152 ,. A-O C I T Financial 1945 67 A-0 Consolidated 24% 27 4s Extension Bush Terminal F- A ''' .1951 M stamped Stamped 1953 M-N Buffalo Niagara El 1st mtge 2%s__l975 Buffalo Rochester & Pgh Ry— ?• JS 2001 49% 260 45%, 1951 Gen - 39 66 1951 ref & 4s Bristol-Myers Co 3s Debs.. Bklyn Union El 1st gold 5s__ Bklyn Union Gas 4s debentures 19 6% *38 Plan A to Plan lien Creek ABieda 15 9% 2 . 95% 33 43% May A__ 1st mtge 4s series RR Alnc mtge 4%s ser A__. 9% 1946 2%) series 1st 15 5% 19 ..Feb 1 2010 1st mtge 1st mtge 14% 2008 8s 4s Boston & 21% 9% 36 88 — due Dec 1 1995 ; 57% Telephone of Pa 5s series C.-1960 Cons 40 21% pursuant to Plan A to 103 17% *12 contingent interest) income • 80 83% 10 fixed Beneficial Indus Loan 2%s debs 3%s s f debentures 25% 8 J-D Bethlehem Steel Corp— Cons mtge 2%s ser I 94 6% (2%% '• 110 15 6% J conv ref 4s 97% 38 J-D 114 92 Bangor & Aroostook RR— 95 35 due Dec 1 1995 1980 S'western div 1st mtge 5% ser A (3%% fxd & 1V2% cont int).-1980 Toledo Cincinnati division 97 y4 96% 21% A reduced to 2.375%) sec 6Vis reduced * 96% 20% J-J * 1 % 102 ] 5 Pgh Lake Erie & West Va— 21% J-J 1993 53% , B A-O 67 39 A4%s 17% 11 103% 47% J-D 30 26 10 !i 128% 113 J-J July 1975 G and 3%% 21% A-O 122% 109 *"< A—; Ref & gen mtge 22% 9% 26 J-J mtge 5% ser B (4% % fixed 1% contingent int)__July 1975 Ref & gen mtge 5% (2% fixed and 3% contingent interest)—- 38 102% *15 92 '103 M-S J-D 57 89 *10Vi 81% 70 1 57% 20% A-O 105 79 5 Fe— 56 *20% A-0 104% 102% 5 55% 82 28 103 10 79 70 — 79 ■ 55% 8iya — .0-8 13 104% 104% ■ 57% 83 16 101% 1 - 57 7% 21 A-0 "iil961 Grande do Sul (State of)— 8A8s extl loan of 1921 " 103% WJ-""' Rio (Int 103 25 M-S 80 —" 95 *27 US 1947 _ Stamped pursuant US i960 --IZIIIigea (City of) ' Stamped 185 1995 Cons mtge 1961 7s J1"] "duc?d t0 2-25%) de Janeiro 8ari0 (Int 94 108 % 107 y4 M-S 83 y. __ M-S (Int reduced-to 2.375%) 2001 7Vis 1966 stmp pursuant to Plan A (Int 151 107 107 due Mar 1 2000 80% 1 104 88 MS 1958 f s (City of) 8s Stamped pursuant A 7s 101% 101% 106% 107 % due Mar 1 1996 88 V 22 -.UA 91% •88 1947 2.125%)___2008 A4Vis assented - 101% 97 100 92 J-D K 93 '102 A AExternal sink fund gold 8s APorto Alegre J-D 1967 7s__ assented 8 AStabilization loan A4Vis assented Af-N 1994 s f 6s 2d ser SAPoland (Rep of) gold 6s (Int J-D 100% 105% J-D and Bell «,at loan extl (Int 57 99 Va M 25% 21 96 1955 (Rep of) external 7s ANat loan extl s f 6s 1st ser AExternal Stamped 99 '/a 99'/a 100% 92 .V Ref ~1970 Stamped pursuant to Plan * 101 Va Series 37 __ 1957 B SAPernambuco (State of) ia 227 105 Series 38 -- 1963 (Republic)— AStamped assented 5s Stamp mod 3'As ext to - 105% 105% 11% 25% v ' 39% 1965 A4Vis 88 y4 54% Panama > 94 v'a 55 ~ ....July 1995 gold 4s Topeka Series *27% Plan A Municipal Bank extl s f 5s Oslo (City) sink fund 4Vis . 39 8% 49% MS 1959 fund extl loan f external (Int 112 96'/a 95% 26% 9% 49% Plan A 2.125%) 6%s . sec 99% 99% 100 y4 1st — *9 %' A-0 1959 redVced t0 2.125%) ...2008 Netherlands (Kingdom) 3% 1957 Norway (Kingdom of) 4Vas 1956 External sink fund 4%s Ext 99 99% S5% ' 1973 debentures 1st mtge 8 T0V2 " 92 <19 • 1957 debentures Baltimore & Ohio RR— ^ - — 76 100 • * J-J 83 SO F-A 1987 debentures - *6% 86% 75 A-0 — J ~-J 84% 80 va 20 "v" 5% j f 6%s Stamped pursuant s 1 6% 1933 6Vas (Int reduced ASec external s sink 7% (State)— A Sec external 4s 11 88 98% 86 3%s 1963 Atlantic Coast 1st cons 4s July 1952 General unified 4%s A 1964 J A Atlantic & Danville Ry 1st 4s~ 1948 §ASecond mortgage 4s a 1948 Atlantic Refining 2%s debs 1966 11 8V2 88 ' 101V2 66% 15 Series Minas Geraes 3%s • conv 1st ' 100 103% 100 Va 75 100 104% 104% M-S Stamped 4s July 1 1995 Atlanta & Charlotte Air Line Ry— 15% "7% . ASmall AMilan (City of) ' debentures. 3s 4% " New debentures debentures— Amer Tobacco Co deb 3s "5 8 J-J, Fass'ld "" agreement) Stamped A-O debentures conv 104'/a '70 — __ 57 36 y4 ._ 1980 2%s 102 10 *4% 4% ASmall .., 1982 ■" . 106 Va Telegraph Co— _ agreeFiri963 (1942 ASmall , "9 9% COMPANIES — '101% 102 Va J-D 8% to ASmall 1922 1961 V2 e3% 5% 1975 & 1st mortgage ■ A4s New ass'td .to conv 15% j-J 14 ~1 __ __ J-J 2030 General 4s to ass'td (1942 agree)_1968 1910 1986 7% (assented agreement) A4s debentures — Q-J 0 1904 deductions 2%s Telephone A P W Products Co 5s Asmau of debentures 2%s Q-J ALarge A 4s 2%s 11'% 44 Foreign Pow deb 5s Atchison ::::::::::::::::: (1942 agreeF—1933 89% 81 6 < INDUSTRIAL 106 J-D 60 i. & Ann Arbor 'iv 7 *104% U-S American 4% — y4 88 81% 14 __ A-0 50 "iy4 3 AND A-0 Amer 3%s ~4% 86 87 70 12 90 7 V- - — J-J 37 3%s J-J 81 79 88 % *5 M-N Albany & Susquehanna RR 4ViS—1975 Alleghany & Western 1st gtd 4s__1998 Allis-Chalmers Mfg 2s debs 1956 U-N _ 130 % 82 *75 A-0 3%s Southern 37 . 1943 (1942 agree)__1968 ASmall 1968 Mexico (Republic of)— 8A5s of 1899 due 1945 14 89% 88 __ RAILROAD AAdrlatlc Electric Co 7s 2%s 1922 ... 83% *83% 40 ya 100 93 90 va 130 *83 J-D 1958 external 2%s 1950 11 6 93 83% Af-N 1978 Alabama 37'% 9 15 Va *121 £3% 1979 conv 39% 7 10 \ 11% 11 1937,— 28 Va 3 • 11 J-D 11% 5% 18 9% *92% ,70 5% *126 16% 71 38 *130% 27% 32%. 1954 Metropolitan Water Sewerage & Drainage Board 5'/aS ..Mexican Irrigation— 8A4&S assented to 32 Vi 70 *7 F-A 2%s a *10% Af-N assented American 1977 12 Af-N 16% • 10% 1960 6s bond Alabama 101% 18 67 % 9% 1964 fund Vi8 59% 1946 readjustment (City) A-0 Af-N J-D 26 49 32%. — 6ttv2 10 va 65 53 100% '' 55 77% 12 Va o'/4 86 f *65 ...1979 sink A4 102 Va 6 58 64% J-J 1957 6s AWarsaw 14 101 % > — 58 48 1962 4-4%-4 Vis extl readjustment 3 Vis extl readjustment 52 Va »■ 10 *65 *63 1958 3%-4%-4&s extl 61% 55 i High Low M-S 1958' extl 78 fund 3%-4-4%s 77 45 , extl sec of) assented External 49% *13% Jan. 1 No. J-J 1962 sink 83% 71 external AExternal 90 y4 64% 56 *45 Va 1964 extl 74% 8 Range Since Sold High 1968 AExternal 97% 75%, J-J 78 (Republic) extl §A7s series J-J J-J Helsingfors (City) ext 6%s Free A4 63 81% Bonds 2004 2.25%) Sydney County Council 3%s jAUruguay (Republic) extl 8s 11 1967 7s paid Italian / 52 series ASllesia External paid A 6s 4 secured A7s 15% 113 Va 13 * . Jan 1, 1976 (Republic A 7s Irish 12% lOiVa .V". ■ A 8s - — Jan 1, 1976 Jan 1, 1976 Republic extl Government— Greek '• 16 aw Friday's 1950 to (Int reduced to 2%)__ 2012 Serbs Croats <fc Slovenes (Kingdom) — 79 — or Bid & Asked Stamped pursuant to Plan A 84 63% *14% 1942 6s f $ s 68% 27 — loan reduced A6s extl dollar loan 47 17 76 — l.v F-A Estonia 41 Va 80 % m-N A-0 3s extl A 47% 79% J-D 1962 f 47 Va 75 80 Vi 1977 4'/aS s . —'' — 1951 gold s 42% . 46 Va 41% ' «.«•» 35% 177 Week's Range Last Sale Price (continued)— water (Int ' *47 Af-N __1955 extl 46'/a Period Stamped pursuant to Plan A , (int reduced extended 20-year Salvador 44% Interest Low A7s extl 82 5% 8 V/2s extl „ BONDS High 82 Va gold 4s High 82 External .... Low NO. 82 External el Friday (State)— Stamped assented 19 New York Stock Exchange Jan. 1 J-J 45 Monday, August 22, 1949 RECORD AUGUST ENDED Range Since A-0 A-O 1952 A .Czechoslovakia CHRONICLE San Paulo (State) jAColombia Mtge Bank 6V28 • BOND WEEK FOR (Republic of)— 46s of 1927 3s FINANCIAL & COMMERCIAL 1981 ' 1965 A-0 i960 103% i960 J-D J-J 8 102 % 103% 9 99 % 101% 101 y2 101 % *100 F-A 1995 62 103'/» 103% 100% 100% F-A 1948 59% 59% 101 79% 79% 7 61 61% 51 75 79% Georgia Ry— 4s ser A Gen mtge 4%s ser A Jan 1 2020 Gen mtge 4%s ser B Jan 1 2020 Central Illinois Light 3%s__. 1966 61 % May *63% May 43% A-0 *108Va — 7 6 7 v'a 64 65 43% 55 Va 72 40 52 108 108 % Number 4831 170 Volume THE COMMERCIAL & FINANCIAL CHRONICLE (711) 27 NEW YORK BOND RECORD RANGE Friday BONDS Interest Exchange ' " New York Stock Period ... Last ;■ or Sale Price Friday's A 4s New Pacific & 1st j-j 1987 York Power 3s _1974 General 61% 113 49% 78% 224 49'A 78 60% 56 104 7/a 104% 104% 1968 F-A j-j .X: *104% 1965 gold 4'As 70 "102% 103% 99% •' , I •' 103 1992 M-S Ref & Impt M 3'As series D 1996 M-N Ref & impt M 3y2s E 103% 103% 7 1996 F-A 103% 103% 19 1973 J-D gold 4s 1989 J- J 123% 123% 1989 7 J.J 113 y4113 y4 10 Ref & R & imp M 37/as series H a 2d series Div 1st consol cons gold 4s Chicago Burlington & Quincy RR— General 4s 1958 1st & 1st & 1st & ref 4%s series B Detroit Term ; 102 lEd El 111 27/8s 1970 F-A 118 5s 1997 99 J-J 1985 98 M-N 1982 Chicago A 1st mtge 4s inc ser A 2d mtge 4'As inc ser A Chicago Indiana 123 % 111% mtge 4s 28 94% 1994 4Vis conv Chicago & inc mtge B_ ser North 99 inc 4'As & 4V2s New Gold 3Vis 1951 1st gold 4s Income .2%-4 Vis 1st mtge 3 %s series F__. 1st mtge 2%s ser G__ 1st & ref Apr 53 44 4%s 84-- 51 81% ~1 • 65 % 33 41 48% 97% * 96 8 U 48% 60 38% 48% 115 87 ya 25 Apr : 91 107% 107% 47 Chic v: 91 y j-d .. *99 y2 92 >/4: 104 Gen 1951 j-d *101 y4 88% Ref & 1994 j-j : J-J *70% 101% 104% J-J 102% J-J 1969 General F-A 1966 102% 106% 14 v 101 .1993 E .1977 __ .1982 Series D 3'As gtd Cleve Short Line 1st .1950 gtd 4y2s -1961 Terminals Co— mtge 5V2s series A__ 1st mtge 5s series B .1972 110% 6 102% 104% 101% 6 106% (stamped modified). 74 1971 _ Co Ry General ■i- - A-O * — ~ A-O v ' 1977 45'A Jf-N 99 ... 72 57 99% 105% 103 Va 104'A 103 7/a -' j-d * m-S 48% m-S 47% '-v 1956 , - 5'/2s X 1969 *103 Va 49 47% 47% M-N *104 "7 5 105'A 102% 104% 101% 17 — 43% M-S 1st mtge 2%s_1965 Co— series b 103 65'A 45% 45'A 59 104% 102% 83% *117% J-J 96% *95% mtge 3'/as ser N 1990 mtge 3'/8s ser O 2000 2%s ser P_ 1982 J-J mtge 2%s ser Q___ 2010 J-J mtge 2'As R 1961 J-J ser AGreen A Bay & West deb Debentures ctfs B 'Gulf Mobile & Ohio ctfs Gen ref inc 4s 1975 104% J-J _w__1969 A-O Jan 2044 Apr B^ ser Collateral trust 3%s__^ States Util 1st M 2%s ,_1968 96 % 101% HJ4% 6 O 102 Hudson Coal j., 105% 105'A 39% --V'/ 98 103% 1st f 5s s *106 A-O .1951 J-J .1961 — 104 ' F-A *102% —— *106% A-O *__ — gold gold 1st & ser C___ 1972 J-D 1972 103'A 101 103'A Consolidated Natural Gas 2<%s Consumers Power 1st mtge 2%s J-D _1968 — 127 *98% 100 109% A-O 109 M-S 1965 79 92 55 67'A 144 19 Va 26% 102 102'/a 35 J-J M-N Ry 1942 J-D- 103% 'z lines 1951 1953 gold 4s II deposit rets 5 A 6s series B deposit receipts. 1st gold 3s M-N M-N Joint and 1st 1st & 1st 110 ref Illinois 1951 j-j ref ref St 5s L & N 1951 4'As series mtge 4s Terminal J-D 92% 86 83 A 1970 J-J 94%" " 94% 1st gold 4s 1950 J-J ser 'Ref & Imp 2'As ser C ^International Great Northern 28% J-J '.c: J-J *80% 27% 2 7'A 27 28 _1946 J-D *30 31 -1946 J-D 30 7 30 36 79 2l 30 82% 80 25% 7 30% 29 < y 6s series 100% 100% 103 100% 100% 100'/a 101'A 103 100 102 102 101% 101% 99 ■■■ — :'v 92'A 93% . 42 79 86 86 53 78 99% 93% 87 94% 1 93'A 100% 100'A 100'A 1 98'/a 100% f 1986 I — • *90 93 -- RR— A J-J 75% 74 76% 149 59 76% A-O 25%. 25 26 % 204 20'A 26'A J-J 1952 71% 69% 71% 87 53% 71% 71 %t 70 71% 58 53% 61% 61% 62 Ve 34 60% * A Adjustment 6s . A 1st series A___July 1952 * 5s series B 1956 .1 * ; 35 30 A 1st 100 101% 101 91 J-D 4s 12 103% 99'/a ■97 1963 Indianapolis Union Ry Co— 95% 98% 1963 Ry 5 *100'A J-D 1963 C p ser 102 52 103 Va 100 102 F-A 107'A 88% 77 O— series A Indiana 111 & Iowa ' 60 *100 F-A Chic 103 101 J-J 103 % 93% 87 85'A ♦102% '100 Va 100 Va 86% 3%s—_1951 103% 47 104% 103 100'/a 1 3 *99% Registered 103 105'A 105 *99'A gold 105% 101% 100% j-j 1st 103 103% 100 "4 F-A 1951 3%s 101% 101'A 102 Va 101'A j-j 101% 43% 3 j-j 18 94 2 1951 gold 3s 103 101% 70 104'A *100% J-D Div 103 101% 101% 104 »A F-A gold 4s Western Lines 1st gold 4s 105'A 99 102'/a 104% 101'A 103 *35 101% J-J 1955 trust *__ M-N 1950 111 Cent 105'A 105% 97 102% — 101% 101 'A A-O 1952 3'As >■; M-a 1966 Gold 101% 102% *105% j-j 1951- 47 94 J-D .1952 98 % 102- J-J '-—1952 15 *40'A „ 89% 88'A A-O 1955 Springfield Div 98% 102% 435 88% J-D 1978; 103% 103% J-J 1966 gold_ 110 96 43 60% 4s St Louis Div & Term 101% 94% . 99 26'A 101% 102 1975 debs § A Deposit receipts __ 98% 127 95 59% 103% 103% • mtge 3 '/as 1st 5'As 96 14 *105'/a 121'A 127 25 j-d Louisville Div & Term gold 3%s_1953 Omaha Div 1st gold 3s 1951 104% 20 104% 105'A — 96% «l)q 60 4s__ Litchfield 106% 5 99 103 *103% 104'A 1951 trust gold Collateral 104 101 12 98'A 101% 101 % J-J 1963 98% 101% M-N 1979 101 Ve 101'/a 98% 61 *104 j-j _1951 Purchased 104% __ 95% 26'A 3 %s Collateral 106'A 106 __ 10 F-A 4s 1st 106% 104 103% 104% 99 74 101'/a *98 j-j Telcp 2%s series A___1981 1st > A-O . 104 — 48'A 99 Refunding 5s Debenture 4%s 101% 15 12 A-O Extended 1st gold 3'As— 1st gold 3s sterling—., 108 I.—' ' 104 57% . 1957 1st mtge 3s series'.B— 105% 8 *105% 106 —— 95'A jf-e series A___ 1962 1st 5s A — 106 V 106% 60 5 ____Feb 1957 Manhattan Illinois Bell 100% 106 ~1 97 4 69% 100 57 57% 101% 10 101 69'A 100 Illinois Central ;RB— 103% 100% 107% 107% 103'A A-O Corp 2%s_____1970 income 5s , 100 101% *101% 102 10% 7 J-J & 50% 3 70'A 62% 100% 108 103% — 98 Jf-N ,3S———_^.__.1978 Hudson Xi 106% 98'/a 18 .100% 94% "4 95 101% 24 45% 80% 101% 96 3 17 91 75 97 92% H 107% •vv-X:; 101 69% 100 J-J ,__1976'- 3s debentures. 107% .Jti* '•+1' 86'A 10 *8 J-J July 2015 Household Finance 104 % 20 102 ;102 102 123% 118'A L 93 *64 A-O 87 % 6 98 110% 120 "4 84 97% 97% 102 108 116 96% 91 87 99% RR— Gulf . 93% *80 Feb 3%s seris D Gen mtge 2 15 — 91 Feb 1959 inc 5s ser A__ mtge 1st & 35 ? A 1st & ref 4s series B ' 123 Va 123% 123 y8 J-J mtge 62% "5 108 A J-J 86% 107% 108 4 J-J 1st mortgage 65% 102 J-J 82 85 102 1976 .Greyhound Corp 3s debs^ 96 70 V 102 1973 * 111 102% *83% Jf-N _1952 4%s series D 77% *98 M-S a — 1974 50 *103% 104 — J-D 1999 1977 §A7»/2s series 1961 11 45 — F-A 1978 receipts > .v_1959 Cairo Bridge 1982 § A Deposit 99 79 105% 105% F-A B 1st 5s debs 58% 101% 103 M-S A RR 99 *100 Hackensack Water 1st mtge 2%s__1970 Hocking Valley Ry 1st 4%s _1999 96 • M-S ser A Cuba 87% M-S Gen 102 y« 2 106% 107 103 M-S ser 8 A Cuba Northern 79'A 11971 68% * ■'V:. . M-N & 3s 28 *99 54% •• 107 A-O ist & ref mtge 1st 83 Af-S 50 107 F-A 1st Baking 89 % 82% _1953 Gen 102% 107% 107% A-O Consolidated Cigar Corp 3%s .1965 Consolidated Edison of New York¬ Continental 80 83 62 y2 *75% j-d 1955 mtge 3s series N___ Crucible Steel 95%' 1 General , 1st & ref 3s series D____ 1st & ref mtge 3s ser E 3s conv debentures 1 83 J-J 58 { J-J 1970 __ 3s s f debentures Conn Ry & L 1st & ref 4V2s Conn River Pwr s f 33As A ref 27 98 -2000 61% M-N 1973 ■ extl 4s 2%s mtge 2%s mtge 2%s 64 83 General 5s series C Refunding 3%s 106 % 83 J-J 99 62% j-j 1974 Commonwealth Edison Co— 1st mtge 3s series L ref 74 *__ j-j A-O -1980 debentures El 106% "9 82 %5 74 A-O Fuel & Iron Corp— mtg.e & coll tr 4s —1964 Columbia Gas & Electric Corp— 1st I 92 82% J-D .1973 1st Ohio 5 10 *94 Colorado 1st 100 110% 110% 102% 102% V J-D , .1977 1st mtge 4'As series C Colorado & Southern Ry— Columbus & Sou 105% 101% "7 63 63% A-O 1964 deposit inc debs (B ('■' AAdj 1st Columbus & Toledo 105 Realty & Utilities Corp—F) 103 ' 102% J-D 1st mortgage 3s Cleveland & Pittsburgh RR— 3s - 105 ^1990 Gen 13 102% 102% j-d .1961 .1993 ■ of Great Northern 72% 104% 104% Louis Ry— . 112% „ 106% 98 J-J Jan 2013 lstvmtge 3'As— A 4s conv 80 103% 103% F-A 1974 _ B 3Vas debentures Columbia Gas System, Inc— 3y4s debentures A ser Gen 65 Terminal— Wab & Mich Div 1st 4s____.1991 St Louis Div 1st coll trust 4s .1990 Cleveland Electric Ilium 3s .1970 4y2s Div ACertificates 102 74 '/a *102% 102% Union inc 4y2s Gen 65 65 r„, J-J Cin Cleveland 1st 5S^ „L fJFlorida East Coast 1st 4'/2s A 1st & ref 5s series Ai 98% 75% J-J impt 4% s series mtge Ohio 103% 36 __ a-o St Southwestern 1st cons mtge 3y4s ser E 1st cons mtge 3y8s ser F 1st cons mtge 3y8s ser G 1st cons mtge 2s ser H 107% 102% 1978 & 110% — *105 & stamped — 1975 series *110% A-O 91% 106 *102% 104 j-d 1st mtge 2%s General gold 4s 5s * „ A-O - 59% 86% • 13 104% 104 y4 mtge gtd 3%s series E 1st mtge 2%s ser G Cin M-N 54;. M-S 1st General 102% 65 44 48% I' 107% 1952 mortgage 27/8s Cleve 49'A 100 103% 87% J-J 1963 City Ice & Fuel 23/4s debs City Investing Co 4s debs__ ,.1956 1965 Paso 5s 94% 54 1962 Cincinnati Union 1st 5s 1965 E1 , 1st 100'A 46 4 102'A 102 __ *105 cons t 53 V series D Cine Gas & Elec X 89'A 97% 3 77% 45% 5 43% ; 1963 4s conv F-A 88 15 49 87 56% Station— Wqst'n Indiana 89% 100'A 49 *146 Goodrich .,,1951" Chic Terre Haute & S'eastern Ry— 1st & ref M 23/4-4y4s & - ■? 120% 75% 97 1994 ,, Chicago Union 97% J-J A_Jan2019 ser Orleans 5s : Memphis Div- 118 49 84 Apr Jan 11999 _____ Chicago St L __ * 75 79% 49 Apr ■ J-.1 Af-S 46 Vs 62 *35% , — j-j 73'A 71 105% v 1st mtge 3s ser B 1989 Chicago Rock Island & Pacific Ry— 1st mtge 4s series A 1 1994 AGen mtge conv 49 J-J Jan 1 2044 Western Ry— conv 1st .Francisco Sugar coll trust 6s A__Jan 1 2019 ser '„ " *— 100 M-S * J-J f 71 RR— A 100 1995 101% 32 % __ 79% j-j mtge 4%s inc 3 72% *57% J-J Gen (NY) Firestone Tire & Rub 3s Jan 2003 Pac 34%. *120% y: J-J & ser 34% J-J ^Jan 1983 100 64% 96% _1970 my4 98% 99 *70 J-J Southern 4s—1956 & Milw St Paul 34% M-N A 1988 inc mtge 4%s-__l__Jan 1 2038 Ind & Louisville Ry— 67 gold 5s 113y4 109% RR— B *__ Elgin Joliet & Eastern Ry 3y4s 107% 109% *100% 101% conv High 65 Af-N _1961 1977 East Tenn Va & Ga Div 103% 97 109 F-A ser 4%s__ Duquesne Light Co 2%s, 105'A 97 111% 111% 1985 inc 67 J-D _1995 *— 101'A 104% *109% 110 mtge & Tunnel Jan. 1 Low J-D 1995 Det Tol & Ironton RR 2%s ser B__JL976 Dow Chemical 2;35s debsJ J 1961 1§ ADul So Shore & Atl gold 5s 1937 * AGen Chic ' Range Since Erie Railroad Co— 111% F-A 111 Sold No. 122%' 129% 3 1977 1st mtge 3%s 2nd J-J 6 107 3%s Chicago & Erie 1st gold 5s Chicago Gt West 1st 4s series 1st 107 ref mtge A Gen Chic 129% 129% ref mtge Chicago & Eastern A 129% " 100 — High Bonds * Detroit & Mack 1st lien gold 4s A Second gold 4s 105'/a 2 Friday's Low 49% 102'/« 3 r 101 y2101 y2 or Bid & Asked " 48 7 Week's Range Last Sale Prioe Period High 49% f-a 3s , 61 y2 56 — A-O B ser 60% ■>... New York Stock Exchange No. Low Interest " bonds Jan. 1 High. 60% V Champion Paper & Fibre deb Chesapeake & Ohio Ry— Range Since Sold q-j 1974 Ry Co— 60% q-j 1987 ref 3%s ser A mtge 3%s j -j 1987 registered Central 1st 1987 AUGUST 19 Friday Bonds Bid & Asked ' t A Central of N J gen gold 5s a 5s registered : A General 4s ENDED Week's Range Low Central FOR WEEK A 1st gold 5s-series C___ SAInternat Hydro-Elec deb 6s Int Rys Cent Amer 35 1 1st 5s B 1956 J-J 1944 A-O 1972 M-N 1959 J-D . ( — 71% 71 100 97 *97'A 103 * J D Dayton Pr & Lt 1st mtge 2%s 1st mortgage 3s 1st mtge 3s series A Dayton Union Ry 3'As ser B Deere & Co A-O 1978 j-j 1978 j-d -105% 1965 j-d >102 1965 2%s debs— 1973 a-o Delaware & Hudson 4s extended .1963 Delaware Lack & West RR Co— N Y Lack 1st A & & ref Western m 5s Income mtge Coll Tr Delaware C ser M-N Af-N tr 1st mtge & cbll tr 27/8s__ 1973 3%s (3% A 1% Detroit Salt & ref 3s Gen & ennv <i ref 3y2s 1st gtd gold 48—1990 City Power & Light 2%s__1976 2%s —1978 Kansas City Southern Ry 1st 3s__1950 687/a 58 58'/a 11 105% 105% 3 52% 1st mtge 4s ser A 1975 J-J J-j 90 90 90 Apr 61 61 61% 3%s series B 1968 Kansas City Terminal Ry 2%s—_-1974; Kentucky Central gold 4s__ 1987 Kentucky & Indiana Term 4%8—1961 69% 103, 105 106 1979 67% 101 Va 102 5 64% 77 2 96'A 102 106 Stamped *103% 103% ' XI. 1961 Plain 4%s 1961 87 91% 27 58 65% A-O 10011 10041 4 10044 A-O 105 105% 28 103'A 105% J-D 104'A 104'A 10 99% 104% 99% 102% A-O *102'A 103'A *114% *30 J-J *99 i 100 108 108 *97% 1964 A-O *104'A 1959 M-a *1 M-a ctfs 114% 100% 98 J-J *178 5s 101% 50 J-J Toll 114% J-J A-O 1st mtge 3s—: 103 J-J 1997 & 102% *103% 104% 1961 lAKreuger 101% 102% *102% J-D Kings County El L & P 6s unguaranteed , 100% J-ry Koppers Co 4 96 96 *76 A-O -L 173 185 180 101 % — % 1% 104% 2 — fixed int) series series : ' 1993 G j-j 81% I, iootnotes see Da«e 1966 m-S *108% 1970 J-D *106 1982 29 m-S 1958 debentures Kanawha & Mich 87% 48 2018 series H 2%s 73% 59% (4%% (3% contingent Edison Gen 3* Lake mtge 84 *50% 1993 mtge ser A contingent int) & 58% 105% 101% K 96% fixed A Income Income A-O • 102% 90% *78% . t -n contingent int) Denver Af-N Grande West RR— mtge ser " 67% If-8 102 101% 93 1st mtge May 12042 Light 3s coll 1% 92% Lt 2%s_—1978 104 % 102 102% 102% & 105% 104 II Jersey Central Pow 102 Kansas 1993 mtge & 1st 987/a " 1st Denver & Rio 49 102% Af-N 1973 division & 101 % 102 1st mortgage 4-6s Power 102 div due Morris & Essex •Jamestown Frankl & Clear 1st 4s J-D 81% 101% 101% 109% 109 77% 109% 2 21 82 107% 110 104 y8 — 106% 106% Laclede Gas Light 4%s conv debs„1963 % 101% Lakefront Dock 105 y4 109% 98 lst mtge si & RR Termlnal— 3%s s?r A 1968 J-D 119'A' ' 117% 119% 188 107% 119% * 28 (712) THE COMMERCIAL & FINANCIAL CHRONICLE - Monday, August 22, 1949 - NEW YORK BOND RECORD RANGE Friday Interest BONDS New York Stock Exchange Last Period or Sale Pries Lautaro A Nitrate 1st mtge Co .1907 .1007 IS A Navigation S P mtge 3%g ser A — -1970 Lehigh Coal A-O Low No. — 4s registered 100 . 98 77 66% 67 67 us us us 6s 2003 343% 35 N Y A 72% 41% 17 5 A 1st refunding 5s 1937 1937 u 42 41 42 69 35 49% JATerminal 50 52% 543% 56 59% 59% 6 56 60 28% 35 27 293% 31 31% 38 303% 323% ALombard 7s 513% mmm* 55% 543% m —2003 gen 4s series Electric • <>n |M|. 29 ' — 34% 35 20 32 70 70 1 61 74 A-O •122 > Gen A P-4 A-O •104 104% 102 % 1043/8 •103% 106% 106% 108% Prior 26% 1966 US 1976 us 1st A ref M 3%s series P_—_3003 1st A ref M 2%s series G_ 2003 A-O 108% A-O 92% 93 87% 14 94 3s 84 6 2003 A-O 99% 99% 3 97% 99% 1980 US 92% 92% 1 923/b 1966 us 107% 109% ret M 3%s ser 84 76% ♦108% 108% 84 1st (Wise) 1st M Macy (R H) A Co 2%s debs Maine Central RR 4Vis ser A 1st mtge A con 4s ser 1973 3-D B 1964 Manati Sugar 4s sink fund„Pbb 11967 3Vis K-JV 1960 3-D Manila RR (Southern Lines) 4s May Dept Stores 2%s debs Mead Corp 1st mtge 3s 1959 1973 —.1966 Metropolitan Edison 1st mtge 2%s_1074 Michigan Bell Telephone Co— 3Vi8 debentures iggg Michigan Central— 1951 —1052 Ref A impt 4Vis series C Il979 Michigan Cons Gas 1st mtge 3Vif-1969 1st mtge 2%s 1959 1st mtge 33/b» tlAMidland of N J 1st ext 5s 1940 Minnesota Mining & Mfg 23%s 1987 Minn St Paul A Sault Ste 1st mtge 4Vis inc ser A Marie— Missouri-Kansas-Texas 40-year Prior 5s 4s series series A 1st A 1st IS 100% 100% 3-D US * 97 •102 A-O 100% •104% — 103% 103% 103 Vi 103% 103 106% US •99% us 100 „ •101 102 % 73 73% 12 108% 108% 7 IS us 108% us •98% us •105% A-O 98 A -1; 49 *1023/4 103% 1053/4 62 101% 27 41 53% 693/4 70 28 66% iggo 6 79 * 87' J-D 70 J-J 78 J-J 1st mtge 2%s_ 65 1st __ 1st mortgage • B US 1966 2000 —— ' t A 893% 56 US __ US i986 —1976 us 105% 55 3/8 __ A Tel 2%g C. 23%s~debsll970 1965 1967 -II1954 4s,. A 5Vis iq«i -""1074 ... 1986 3s_IIIie74 1983 •'74 i Certificates 57% 2 70 & ref Mexico 623/4 104% 102% 50% 15 583/4 70 A-O — 104% J-D ir-H 89% V/ 81% us A-O 104 % N Y — J-J P-A N Y Mtge 4S sw*. Mtge 4s series fr>- <oofporp<. ♦98 1 A-O 15 - 2 105'% 105% 101% 104% 42 101% 105'% 2 1013% „ J ■ US *106% 107 1981 MS *101% 105 1955 IS *104% 3%s debentures Paducan & 111 1st s f gold 4%s_ Pennsylvania-Central Airlines— A3%s conv income debentures—1960 A-O 93% 94% 91% 89% 1013% 105 % 104 Gtd 4s series E trust Ctfs 1962 Pennsylvania Glass Sand 3 Vis 1960 Pennsylvania Power A Light Co— 1st 3s mtge 3s 98 Cons sinking fund 4%s_ 91% 102 3s 3 Vis 89% JS 8 9 5/8 A-O 1985 P A-O IS 1963 series 101% 1984 EL 983/8 J-D 1952 series Peoria A debentures conv A Eastern 4s ext I-D 1960 Apr 1974 A-O 58 57% 63% 64 % 1980 IS 3 Vis 1993 1994 I P-A 1999 P-A 1994 P-A 1980 A-O series B__1975 A-O 1951 F-A jqqq Jf-N J-J 2043 W 89% — • 101% 100 Vb 62 983% 102 773% 11 75 1113% nii/2 15 100 76% 773/4 110 Bait A 52% 12 87 103 •_. 4 Wash RR Co- 5s series B P-A 1977 IS 1961 IS *107% ; 99 114 61% 16 1043% 103% 1163% 106 3% __ 101% 105% 10 13 110 104% 106% 303 103 S 99% 103 103% 36 1003% 102 102'% 7 1st 99'% A 102% ret 23/4S 1981 I-D ♦102 1023% <*•«• 99 102 1st & ref 27/8s 1975 P-A 104% 104% 1 75 1033% 101% ISAPhilippine Ry 1st 105% Certificates of deposit Phillips Pptroleum 2%s debs Pittsburg Bessemer A L Erie 2%s 95% 3% 93 95 93 s f 4s 1937 IS 1964 F-A 1995 I-D 1953 J-D 10% Cons gtd 4s series P 92 98 95 52 61 56% 50% 60 3% 49% 7 4 4 100 90% 6 58 94% — 95 85% 99% •100 92 101% 100 ' ' 100 100 100 95 100 99^ series F-A *109 Vi M-H ♦109% 103Vi 103Vi 7% 91 104% 103% 10 103% 993% 105 ~1 107% 103% 105 3% 103'% — — 108% 113% 110 114% — 1033% 993% 100% 11 96% 107 99% 100 14 97 108 5 75 1 99% 1970 J-D A-O 1975 A-O 77% 77% MS 99% 99Vi Pittsburgh Steel 1st mtge 4%s 195S Pittsburgh A West Virginia Ry— 101% 103 1033% —— — 1975 Plttsb Coke & Chem 1st mtge 3%s_1964 Pittsburgh Consolidation Coal— 3%s debentures 1965 7'% 9 99% *103'% P-A 1964 E US 1963 101'% 16 *102% 308 1957 Pgh Cine Chic A St Louis RR— ' Gen mtge 5s series A Gen mtge 5s series B 3a/8s 10% 1023% 103 i960 Cons gtd 4s series H Cons gtd 4 Vis series I Cons gtd 4 Vis series J mtge 10% *9% 103 Pgh Cine Chic A St Louis Ry— Cons gtd 4s series G / 50 21 — — 116% 30 50 103% 102 61% 92 3 103 663% 101 103Vi 11 — — us 50 92 12% *103"% 197 % 113'% US 52 101 533% 12% Vi 106% I-D 93 52 3%1 ~ 84% 1907 75 96% 8 1974 643/8 99% 903% 1971 21 *94% 101% 87% 106% 23/4S. 73 * 85% 2%s 92 — 95 — 101 8 23/4S 81% 95 90 3% ref 59% 99% 100 — 96% ref 85% 77 523% 95% 35 ref 683% *51% J-D 1988 -- 116 98 & 73 5334 113% 993% - & 72 56% 31 104 & 47 53% 102% 1st 78% *49% 1003% 1st 74% 56% — 53% 1 103 1st 77% P-A 99% 106% 74 773% — 103% 7 98 Vi US 1974 Gen , 103 v 104 % 93 114 58% 64 104% 104% 88% 7 •?' A-O 102 1013% 102% 100 P-A Philadelphia Co coll tr 4Vis Philadelphia Electric Co— — 2013 River RR— 69% 1 114% 115 A-O Apr 1990 income 4s General 118 88 25 98 2013 52 103% 104 P-A J-D 1981 D Phila 89 28 56 12 103 1965 3%s mtge A-O 1965 100% ,.100%, 104 15 93 55% 101% 643% *100 103% 1860 A. B series 4 Vis mtge deb series series 98 16 94% 96% — RR— 103% 95 88 3% —— ■ 100 % 103% 103% I-D A-O 1865 debentures f s Pennsylvania 105% 75 . 92% ——. __ 63% MS 1875 Peoria A Pekln Union Ry 0%s Pere Marquette Ry 3%s ser D 103% - —— 93 IS 64% 953% 105 Pennsylvania Co— 4 Vis 993% — " 1997 105 103 — 101% 102 — 1053% 104% 1033% 3 102 55% 106% 102'% *101% 102 A P-A 1999 *105 1971 5s 117 —— P-A pafirf 104% 105% debentures 4Vis 1013% — *103% 104% M 4 ee 104% I-D 3%s 1037/e __ •1043% IS deposit B 24 1977 983% 104% ♦75 — MS A-O N Y A Harlem gold 3Vis 1043^ 104% A-O General 933% 7 •106% — ? IS A Connecting RR 2%s Dock 1st gold 4s 104% A-O General 104 104% 104 % _ US 1959 P J-D 1986 75% 103'% ■ 117% 117% iwu New York Chicago A St Louis— Ref mtge 3 Vis ser E ser 1 1987 96% 83 — 30 *1013% 102% ■— deposit mtge 3 Vis mtge 3s 105V4 105 % *105% 1053% Peoples Gas Light A Coke Co— *104% 104% 1043% 104% . 3Vi8 Is* 105% 1979 — 65 ♦99% 100% __ a, D Mich Cent coll gold 3 Vis 3 Vis registered J-D debentures 91 —- A Hudson J-D 1974 *lst & ref 3s series 100% 104% 98% 101% 1013% *104% 105% — IS 1954 registered Lake Shore coll gold 3 Vis registered J-D 1970 series K 3s 104% 103% 6 72% ; *84% J-D mat lmpt 58 series C Z Central 106 102% 1965 .1971 1st A ref 3s series J Conv P-A 195a York Central RR Co— 4s series A Ref A impt 4Vis series A General 1 105 105'% 101 26 Cons « 1063% 1063% 103% 104'% -ii.: •104% — deposit of "2 100% : ■■ 75 •97% __ A-O Rj£L C New 104% 1043% A-O General gold 4%s series C 1Qfl„ series A—1960 106 3% Qo— Certificates of deposit A 1st 100 3/s Pacific Gas A Electric Co— Gen 1986 — of 95 100 103 89% & St Louis— series B_ series 18 J-D 3 Vis 80% 75% •; ■ *l6I5/a 57% 1955 Supply 2%s debs 4 Vis 100 % J-D 105 ;• 169 , 89% • Il95fl mtge 3s Certificates 100'% 100 ■% 59 56 jv i' US gtd 4s A 16% 1043% 96 3 15 89 Vi 873% 87% P-A ST Junction RR S? Be" ™ePhone 3V7Ci:i988 A 1st 10% 1003% 5 105 3% 67% 88 *5" 3-D dens Vis series B series 1 3 103% N 5s 3s ser F-A 1978 1979 14% 93'% 893/4 Certificates of 1975 3 Via mortgage 3s 14% 104% 104 % 100% 100% 100% 1033% 89% P-A 1991 debentures 3s debentures A A-O 103% 75% 50% A-O 1981 4s 3s A 1st us 1975 6 75% 1980 J-D - IS 1974 .... ~5 284 ac 1941 mtge 23/4S Oklahoma Gas A Electric 2%s 103% 103% 220 H series I. *New Orleans Texas A 1st 5s series B 107 100% 100% 27% Northeastern 105'% — I-D 20% Ref & Imp 4 Vis series A Orleans Term 1st 107 *105 I-D 539 New 97 J-D 26% Jersey 97 — 1985 25 Orleans Great Nor 5s A us 101% 1983 70% 25% New 1878 *__ 1st mtge A rtf M 3s ser S Pacific Tel & Tel 2%s debs 2%s debentures 69 % 59 US *ew Orleans A US 85% 64 6 87% 47% _1940 gtd 1st 4s Power & Light A-O 1978 Telephone— 102'% 893/4 New 101% 100% 89 3/4 N J 99% 98% —— 98% 49% Tel 1977 3s Bell 101 % *1013% 95 75% gold 987/a 32 101% 101 101% 5 75% & ♦100 IS 95 103% 1981 37% gtd 4'%s 95'% 25 140 England Tel P-A A-O 1975 ' A-O 1st 81 102% 102 Vi * MS 1970 New 1974 1975 95 29 66 100 Vi 100% 533 ist 88% 101 104% 104% 1,399 RR 87 Vi 100 J-D 893% Naugatuck 88% 1003/4 I-D 62% 62 P-A StiL^R?6? Corp 1st W8~s~debsll974 Steel Pr°ducts National IS 1975 I-D 893% _ 88 83 1981 49% debentures 72% 6 2047 debentures Gnn 3s 7 88 1980 87% National Dairy Products 61% 80 86% series P_ 873/4 Chattanooga 54 79 IS series N 46% mtge 3s series B_ 59 IS¬ 3s__. General 1st 13 59 2047 2%s 88% A Con.t? M 5s seriesgt? 3V*8 Constr 5*leX l8f A Nashville 101% 643/8 3s 87% ?£?.^States Tel 3 Vis debentures 56% A ref US 4 69 A ref US Constr M 62 73 78 65 67 1975 series 106% 943% 62% *98%* 99 62% 1st 663% J-J A-O 195* jb 97 1st A ref 2%s series Q. 1st & ref M 3%s ser R 1971 Co 107 V2 99 74% 1977 a 102% 103 series M— P (Jonn) 103 1st A ref 3s series Monongahela Ry 3 Vis 105 — 85 1st 1902 gtd 112'% 2047 8 A 1st guaranteed 4s Ohio Edison 1st mtge 3s. 1st RR— 1st Q-F Q-A 41st & ref 3Vis series I 102% series G ref 5s 129% 111 108% 5s Mohawk A Malone 128 100 102% 80% 1990 series 72 2 Power Co— Oregon-Washington RR 5b gold 5s 10 102 56 5s series A 4s ret 77 113 81 105% - „ •45 A-O 100 99% 66 45% A ser 77 JOgdensburg A Lake Champlaln Ry— 100% 100% 80 B gold 5Vis A Morren 61 ret A AConv 109 % 91% 61 ret A A 1st 85 61 J-J ret A 1st 105% 108% 95 87 •„ JS 4 Vis series D 197a adjust 5s series A—Jan 1967 tMissouri Pacific RR Co— General 87% •86% US Jan 1991 lien A 1st A 89% 101% 1 71% US *■" A Cum A 88% 101% 106% 14 129% 129% Q-J 2047 mortgage 75 97% 103 Vb 101% 673/4 69 Jan 1971 AGen mtge 4s inc ser A Mo Kansas & Texas 1st 4s lien 100% „ •63 1st Jack Lans A Sag 3Vis 1st gold 3 Vis Prior ♦101% 1997 Jan 1 2047 3s 23/4S Northwestern 62% 10 r- QS mtge 2%s 1st mtge 1st mtge 67 *111 1974 registered (Minn) 22 104 % 104% A-O 1997 Ref A lmpt 4%s series A Ref A impt 5s series C Ref A impt 5s series D Coll trust 4Vis 93% A lien 46% 35 14 Railway— 4s registered General 33 28 15% 108% 108% 4%s series A Pacific Northern States 84 H St Louis Div 2d gold 3s Atl Knox A Cine Div 4s 1st ret lien 4s 50% 106% 106% 106% 104 7/s Inc conv 38 101 % 101% A-O Northern 3-D 1073% 25 , *1053/4 106% US 123% 1963 Lorlllard (P) Co deb 6s 3s debentures Louisville Gas A Elec 3 Vis 1st A ref mtge 3s Louisville A Nashville RR— 5s 2014 5s mtge 108% 1983 A AGen 103 •100 1951 series gold mtge 3s series P. 103 120 1st Falls Power 3V4l Norfolk Southern Ry Co— 106% •106% M-xr 97% 104% *62% 5s_ Norfolk A Western Ry 1st gold 48.1995 Northern Central gen A ref 5s 1974 A-O — gold Niagara ; 63 Vi *10 4%s— Telephone 2%s ser D. mtge 3Vis ser E Ref 1963 A Y gold Ref 35 70 A-O N 5 50 105% *36 8 A 2d 8 A General ■ ■12 96 ♦105 46% a :• IS IS 58 11 Vb 1013% Susquehanna A Western RR— 42% 28% Miami 1977 1963 58 32 W»tmm Little 98% 31 —m Lehigh Valley Terminal Ry ext 6s_1951 Lexington A Eastern Ry 1st 5s 1966 Liggett A Myers Tobacco 5s 1951 7 101 Vi 1013/4 90 2003 A5s series F wi 2% 44 2003 1 w A4Vis series E wi 6% 38% 40 103% 34 23 38% 30 1013% 8% 4 -; > ■ 37% 2003 A 4s series D Gas 2%A 1st 3%a 69% 48% 83/4 38 38% 2003 2003 State Elec Y Steam Corp IN Y 56 33% 33/4 A-O 60 72% 81 *1013/4 102 US 1st cons cons mtge 4s ser A wi 4V2s series B wl 1 2%«—1975 gtd 4* 1993 N Y Power A Light 1st mtge 30 62% 71 8% N Y A Putnam 2 High 70 74% 3% J-D 93 5s w Jf-M 1955 4s __ us C 19®4 4s 70% 162 35 mtge 4s ser A AGeneral *68% .. 74% IAN Y Ont A West ref 4s—June 1992 ;; N 2003 170 — RR— Hartlord 72 28 35% 96% A 56% 3 343% — 101% 78 •V.\ .'■££ 83% 77 2003 Gen 100 64% 35 98 39% AGen mtge conv inc 4%s ser A-2022 Harlem River A Port Chester— 65% IS 61% 38% 97 77 US 60% 39 91 Vi Haven Jan. 1 Low May 1st A ref 4 Vis series B Range Since Sold No. 2007 93% F-A 2003 modified 100 High 61 88 95 • '■'•V Bonds IS 91 Vi *93 VB Friday's low MS 90 Vi New or Bid & Asked ' 1973 74% * ' US 87% 91 Vi Week's Range Last Sale Price 1973 96 Vi F-A 4%s stamped modified. 4,/afi registered series N Y Lack & West 4s series A 81 16 Period \ 1st F-A Interest High, Co— P-A , BONDS N Dei Lehigh Valley Coal Co— 5s stamped .1964 6s stamped 1964 5s stamped 1974 Lehigh Val Harbor Term gtd 6s 1954 Lehigh Valley Ry Co NY 4%s ext.I960 Lehigh Valley RR— 4s stamped modified 2003 stamped 90 Vi *83 — _107f reg 19 New York Stock Exchange Jan. 1 Ltd— Income AUGUST Range Since Sold High 89 Vi 90 J-O ENDED Friday Bonds Friday's Bid A Asked Low Lake Sh A Mich Sou gold 3%s. 3 %s registered WEEK FOR Week's Range 100 *102Vi 103 IS A-O 9734 99 89 101% 1003% 10 103 973% 103 1st mtge 4Vis series A 1989 I-D 84% 1st mtge 4Vis series B 1965 A-O *84% 85% 81 92 1st mtge 4Vis series C I960 Pitts Youngstown A Ashtabula Ry— 1st gen 5s series B 1962 1st gen 5s series C 1974 A-O 83% 83% 803% 92 107 Vi 109% 107% 109 1st gen 4Vis series D_ * F-A 84 Vb 81% 92% I-D 1977 I-D FIttston Co 5Vis inc debs. 1964 Potomac Elec Pwr 1st mtge 3V«8_1966 1st mortgage 3 Vis 1977 JS *106 106 107% F-A *108 108% 1063% 108 1983 IS *103 1033/4 102 103% 1984 US ._1956 MS 1st mortgage 3s 1st mtge 2% s Providence Terminal 4s. IS 99% 99% 100 99% 14 99% 99% 100% 9934 Volume Number 4831 170 THE COMMERCIAL & FINANCIAL CHRONICLE (713) 29 NEW YORK BOND RECORD RANGE FOR Friday BONDS Interest New York Stock Exchange Last Period or Sale Price Service .1903 — M-N 1st & ref mtge 3y«». lst & mtge 3s— .2037 & 8a_ .2037 104% J-J 1st ref mtge .1968 J-J Low 101 % "108% 109 *141% __ 1st & ref mtge 3s— 1973 MS 1st & ref mtge 2%s. 1979 J-D .1964 J-J 105 109% 107 Vi 146Vi **104'A 104 106 103% 104 % 100% 102% 106 Vi 104'A 104'A 1 Low Tol J-D Orleans 3%s._1974 Range Since Sold High *101% Jan. 1 No. Low High 100% — 1960 J-J 47% I960 A-O 183A 3%s__19b0 J-D *94 95% M-8 ♦99 tThird Ave Ry 1st ref 4s A Adj income 5s 148 220 — Bonds Bid & Asked Pacific— Pacific-Missouri Term RR of New 215 — *217 Sale Price •] '■ Texas 7 Last Period New York Stock Exchange High Week's Range or Friday's Interest BONDS Jan. 1 No. 104% 104% J-D ref AUGUST 19 Range Since Sold High Elec & Gas Co— debentures 3s ENDED Friday Bonds Friday's Bid & Asked Low Public WEEK Week's Range Jan Ohio Cent rei & unpt 47% 48 48 18 % 19 116 102 41 71% 16% 45% 94 102 100% 98% 100% 109% 109% 108'A Tri-Continental Corp 2%s debs 1961 Union Electric Co of Mo 3%s, 1971 M-N 1975 A-O 101% 101% 99% 1968 M-N ♦103% 104'/» 100% 103 '/a 1967 J-J *103'A 104 103 104% 1970 JtD .1976 F-A U Quaker Oats 2%s deb. * 102 Vi — _ 1st mtge & coil R Reading Co 1st & ref 3%« ser D..1995 Reynolds (R J) Tobacco 3s debs__1973 Rochester Gas & Elec Gen mtge Gen mtge 3%o Gen mtge 3%s Gan mtare 3 Vis JA . 4%s series -1977 .1967 -1967 2d J .1969 1st gold 5s *8 10 7% 8% *101% 103% 97% 67% 68'/a *73 1953 J-J *99 1989 Nov 1989 3s Tel & Tel debentures Gold 2%s series E 4s series 92 M-N & ref 2"Vis M & Southwest ser 1st 1st cons 5s 1st lien & ref M 3%s ser C ; *102% 100% 127 128 100 102% __ ■ V - ;-r~ 102% 102% ■ 6 ' 65% 64% 65% 40 58% 97% 97% 97% 5 94% *100% 1C0% A-O 99% 98% F-A 99% 48 J-D 96 103 98% 93% A-0 47 48 *102 J-J 100% 100% (Hiram) Walworth Co' Ward 103% 40 95 99% _. — 123 123 Va Baking 103% 8 3%s mtge 96 '105% 101'/a 97 102% West J-J *102 102% *68 73% MS 99'A m-n 89% m-n 88 99 100 90% 59 87% 88% 54 J-J 83% 95 A-O 83% Ref 95 86% A-O 101 103% 101 2 92% J-J 101% 101 ■';:•■ :':-A 101% Apr 44 44 F-A 97% "i J-J J-J M-N 97% 102% 96 103% 41 3 *103% 104% — 98 102% 102% 35 8 *43 99 99% 104 J-J 2361 real estate 4%s *104'/a Mfg *103% 99% M-N 42 49 Va 66 97% 101% 99'/a 101 99% 100 , 99% 99% 92 95 77% 1951 A J-J debentures * 100'/a 1973 J-J 1949 M-N 1992 ' 95 % 102 86 101% 64% 86% 10 100'/a, • 100 % 101'/a "98'/a 100 Va *1 •*% 100 & New series 2019 1985 D 101% 101% 102'/a V'' A- •• , i-w.' & ref A-0 M-N 102% M-S 97 *98 103 104 1960 J-J J Wisconsin 100 102% 112'% 104 31 71% .1 103 96% 96% 12 71'% 74% 36 49% 46% 100 A-O ~i 97 J-J 1958 § A 1st 107% Central 3s 103 A Certificates of 98 Wisconsin Electric ~ 75% 76 74% 74% 40 40 76 J-J 1949 deposit § ASu & Du div & term 1st 4s 104% *115% J-J 1936 A M-N - — 101% 5 deposit Power 2%s 1st mortgage 2%s Wisconsin Public Service 97 99% M 3%s series C 7 115'A 24 99 % 106'A 37 104% 96'/a 96% •'••A 18 94% 92% 92% 2 88'% 124'A 124'A 2000 11 118% 92% 113 3'As *5 78 J-D 1979 J-J *106% W *96% 98'/a 101% 104% 98% M-S 1971 95% 101% 90% 1976 107 102% 106 1990 & Pacific 1st gold 5s Gen & ref M 3%s series E Texas 99% V Ry— general 4s A Certificates of 52 102% 103 1970 101 J! 35% 1970 1967 97 119'% 119'% Orleans RR— 1st & ref M 3 Vis series B 1st J-J 102'A 100 3*2 99 J-D conv Wheeling Steel 3%s series C 97% 62 76 V - 761/4 777/8 101% 101% M-S 63% 52'A . 27 19 99% 93% J-J 1971 109% 12 54'/a M-S ... 107 3A 106% 567/a ,, 2 Vis 105'A ~1 ♦100'/a 101'/a May Gen & ref M 2%s series A ' — 72 — I960 & 106% 53'A A-O 1951 104 53% 56% M-S 1950 % ~2 107 107 M-S _ 55 99% 99'/a 105% 107% J-D M-N 106% 45 104 104 1st mtge 3'As series D Wilson & Co 1st mortgage Winston-Salem S B 1st 4s 3 9fJ% 99% 92 104% 101 Yonkers Elec Lt <fe Power 2%s____i976 *97 99% 76% 102 85 49 *_. J-D 2361 fz 105'A F-A 110 101% 37 105'A 106 ' 33 107 102% 93% - 85 F-A Wheeling & Lake Erie RR 4s 98 108 101'A 5 —— guaranteed debentures 2.65s 85 83 64% 94% 98% 101% 99% 104 *106% 107% m-n 95% 7v>5 108 101% 101% A-0 m-n 2%s 116% 79% 4s Westinghouse El 95% 109% 18 103% 103% *103 Funding 84% 15 1st 25-year gold 5s 30-year 5s — 90 40 88 101 ) J-J J-J :rr; 110% 110% 87 A-O 1974 92% ' ' 1965 & imp 2%s Corp 3s deb 106% 75 2 ~7 ♦101 A-O : Western Maryland 1st mtge 4s 1952 Western Pacific 4%s inc A Jan2014* Western Union Telegraph Co— 95% 77 15 Shore 98 1968 Registered 101 84 83'/a J-J- 1972 74% 75 90 77% 101% 100 *__ 1966 89 *100 J-J J-J 84 88% J-D 70% -- 75 70 98 1979 Gen mtge 3s gtd— West Penn Power 3 Vis series I J-J 75 II - Texas 98 102'A 103 % v*68 1967 104% 94% 1973 Texas 104 79 17 Co— 100% 1971 Terminal RR Assn of St Louis— Ref & imp M 4s series C 110% 85% 85 M-N . 5Vas debs (subordinated) 1970 Warren RR 1st ref gtd gold 3%s__2000 Washington Terminal 2%s ser A..1970 Westchester Ltg 5s stpd gtd 1950 101% , 1 1985 debentures 104'/a 107% 101% 102% 101% Apr Apr M-N debentures 3%s_1976 conv 33 1983 debs 101% 102% 110% 110'/a Apr G & W 2%s debs.1966 54% 100 99% *123% Walker 104% 104% 1966 106 98% *104% A-O 1971 99% 25 1 1st mtge 3%s series B 101% 101% 1951 70 *102% 103% Gen mtge 4s lnc series A.___Jan 1981 Gen mtge inc 4'As series B—Jan 1991 98 J-D • 106 107% 101% 101% W F-A 4Vis__2013 2%s 80 Wabash RR Co— 69% J-D 1956 Sunray Oil Corp 27/is debs 96 .100% ♦__ 101% M-S 102 % *126 J-J 1956 Standard Oil of Calif 2%s debs Standard Oil (N J) deb 2%s 2%s debentures 27/ss 1995 1973 Va J-J 1996 Louis Div 1st gold 4s Southwestern Bell Tel 2%s debs 3 Vis debentures A Spokane Internat 1st gold Co A-O 94% 96 75% J-J 1958 101'A 103% 1956 St & 2003 97 99'/a 93'/a F-A 107% 1994 >' Memphis Div 1st gold 5s Swift gtd 5s 91% 2 '• 1961 A 6Vis series A gen 85% w—. 106% 1996 gold 5s & A-O G 1963 1979 Virginian Ry 3s series B 101 1986 l^~el & gen 6s series A Devel M-S V 110 *107% 1981 , '■1st mtge 23/4S series F 1st mtge 2 Vis series G Southern Ry 1st cons ' 1975 1978 1st 61% J-J 1st mtg 3%a ser A.1975 Pacific RR Co— gen M-N series A—1953 Virginia Electric & Power Co— 1st & ref mtge 2%s series E 1st & ref mtge 3s series F 88% 46% A-O 1977 San Ft Term & , *102% 103 1969 Gold 4Vis Devel gg 1994 (Oregon Lines) A 1st mtge : 105 11987 4 Vis Southern 1957 Gen Indiana Ry 2%s Southern Pacific Co— 4 Vis Vandalia RR cons g 4s Cons s f 4s series B 1985 ; Southern 1st 83 „ *109% Co— — 16 103% 10 93% *96 1979 debentures 2%s 31 208 M-n 1963 debentures 2%s 85 53% J-J t§ASilesian-Amer Corp coll tr 7s__1941 Skelly Oil 23/4S debs 1965 Socony-Vacuum Oil 2Vis 1976 Southern Bell 102 1003A *80 debentures 3Vis conv debentures V-D 1998 AGen mtge 4Vis series A Jan 2010 (Jos E) & Bona 2Vis 1960 Debentures 3s 1974 VShell Union Oil 2Vis debs 1971 RR gtd 5s 84 % 52% J-J 1st mtge 4s series A Ala 85 53 M-N 6eagram Nor A-O M-S 100 97 May : & 101 J-J Gen & ref gold 5s series A 1990 St Paul & Duluth 1st cons gold 4s_1968 St Paul Union Dept 3Vis B 1*71 Scioto V & N E 1st gtd 4s 1989 Seaboard Air Line RR Co— South 97 93% 1959 86 J-J A-0 mtge 4s series A—I 1997 2nd mtge lnc 4 Vis ser A—Jan 2022 Louis-Southwestern Ry— inc 26 101% 101 % 1967 76 71% 96 A-O M-N 101% 1996 certificates bond ctfs M-S .1991 series C_. 2%s debs Rubber 103% 99% 12% MS 103 L 103 ? 1976 S 102 101% 10 11 102 110' RR— 2Vis mtge 109 7% Universal Pictures 3%s debs— 106% *10 1998 bond deb debentures 2%s 105% — 1971 A. Pacific 2%s U *106'/a Calif 3s of United Biscuit Co of Amer 2%s__ ..1966 J-J A 4s Union 118 ; debentures Ref 117 — J-J 1st 4s 93% 105% 1949 Rocky Mt & P 5s stamped St Louis-San Francisco Ry Co— 1st 85 102% 1941 . stamped gold 6s 2d 23 __ ♦119'A MS Jiamptu. St L St 91% MS series 4Vis Adlr 90 Vi *105% MS I Saguenay Power 3s series St Lawr & 91 Vi MS H Oil 2%s A-0 series as !§ARutland RR Jf-N D series Rut-Canadian Union Corp— trust 2%s debentures 3s 119'% Deferred delivery ' 1 ■ 96% 96% 94 year's range, d Ex-interest. • Odd-lot sale not Included in the year's range n Under-tbe-rule sale not Included in the year's range, r Cash sale not included in the year's range, y Ex-coupon. ' v SNegotlability impaired by maturity. fCompanies reported as being in bankruptcy, receivership, or reorganised under Beetion 77 ot the Bankruptcy Act, or securities assumed by such companies. •Friday s bid and asked prices; no sales being transacted during current week. a 103 106% sale not Included in the t, 99 97% . 127 1985 A UavxHo ffllUntr flat. NEW YORK CURB EXCHANGE WEEKLY -A AND following extensive list we furnish a comDlete record of the transactions on New York Curb Exchange for the week beginning on Saturday, Aug. 13 Friday. Aug. 19. It is compiled from the reports of the Curb Exchange itself, and is intended to include every security, whether stock bond, in which any dealings have occurred „lirrpnt VPar during the current year. and ending the current or , _ . RANGE Friday STOCKS— New York Curb Motors Aluminum Acme Wire Adam Hat Sale Price Alloys Mfg Associates Inc 6 Air-Way Electric Great Alabama Power Alles & Allied Fisher pfd 100 -.1 $3.75 Bros Co common of 97% 5% America Aluminum Goods ; Aluminum Industries Mfg common American Jun 32% 6 Aug American 1% Jan American 7% Jan Jan 500 8% Jun COO 4% Jun 5% Feb : 6% 500 79'% 20 78% Aug 97'A 97'A 25 91 4% 5% 6,600 7 Apr Mar 92 '% Jun 97% Aug Book Cities B Power & & Hard American Rubber 5% July Feb 3'/a Apr American 13% Jun 17% Jan 5% Feb 51 50 51% 3,900 45% Jun 54 99% 93% 99% 100 93% Jan 99% Aug 300 6 "5% ~6 600 Mar 20% July 4% Jun 6% May 9'/a Jan Mar American Maracaibo American Metal American American 6 % 25 Co Jan ~6 .100 10c 1 1 preferred Laundry Mach American Mfg Co common Apr ; Natural 26'/a Jan Class 6% Jan American Potash Co & Chem B Republics High 35% Jun 51% 1.700 % Jun 1% Jun 1"% 63 63 58 July 6 Mar 20 7% 7% 7% 700 45% 44% 45% 5,900 x2% / 2 —V 25 class A • * 10 2% 1,300 34% 34% 325 Jan Jan Jan Jan 66 37% Jan Jan 2 Jun 7% Aug 46"% July 114% May 2% July 27% Feb 33% 32% Jan 34% 9% — — . 111 Jun 13% 19% Aug 25'% 15%'Mar . 4% 10% 19% 20% 14 19% 14 4 1,100 Aug Apr Jan | Apr 100 13 July 4% 34,000 3 Jun 400 7% Jun 10% Aug Feb 41 10% 10% 32 • Co Gas 20 1 preferred American % —. 25 Co Products common Meter / 10 com preferred convertible Low 2,800 46 Light— American General Corp common $2 convertible preferred $2.50 43% % 1 Electric Range Since January 1 High 1 45% 1 100 — Gas Shares 1 common Co Feb 6 class A Beverage American 4%% Co 3% "i • • 6% American Class Car ■ * common Bantam Sales for Week Range of Prices Low Par ■ 2% • 100 Jan 10 % Mar •' 3% 5 common—• preferred Aluminum Ltd Jan Jan 800 1 1 cumulative Jan l7% A 1.1 Brewing Co Aitofer 1% 3% May 1% Mar 6'A 'I''!"I/'''' High 3% 600 "9% Sale Price Week's Last New York Curb Exchange Jun 6% Investing Corp (Mich) common Products l'/a 79% 50 common Altes Aluminum % May 300 6 6 Appliance 4.20% Allied Friday Low "2 _9 J) 19 STOCKS— High Stores (N Inc Internat 1% AUGUST Range Since January 1 7'/a 1% Southern Airlines ~5'A ENDED Sales Shares 20 common Inc Alabama Alaska ~2 FOR WEEK tor Week .10 Stores Supply Mfg Agnew Surpass Shoe Alnsworth Low -1 Aero Air Range of Prices warrants common Co Week's Last Exchange Par ACF-Brill Acme RECORD YEARLY In the 32 26 26% 25 34 5V4 Jan Jan 24 24% 24 Jan 26'/a Aug x37 % x37 % 26% 100 30 Jun 32 24 24% 550 22% Jun 28 % Mar 24% 24% 300 22% Jun 28 'A Mar 22% 24 % 3,700 20% Jun 25 % 11,700 17% Aug Jan 4*- J* •••■ FOR RANGE Week's Friday Last STOCKS— Exchange New York Curb Range •ale PrUe ef Prices Low Par American Amer $6 Seal-Kap American 4% 4% 5% 6% 1,900 4% 4% 200 (7% 14% - Appalachian Elec Pwr 4% ft pfd- —IOC 109 Apex-Elec Manufacturing Co 1 Argus Ino Arkansas Natural Gas common- If I* $7 pfd_. Light —2.5# Equipment Corp 1 Ashland Oil A Refining Co • $1.20 cony preferred Aspinook (The) Corp 2% 2% 9% 10 10% 10% 10% 10% .- •PMW Feb Jun 17% Feb Feb 3% May 5 Jun 8% Jan 103% 1% Apr Jun 109% July 1,900 10% Jan 10% Aug 10% 100 Jan 5% Jan 6 400 16% 17% 10% 21% 22% 1,100 9% 8% 1,700 6% Apr Jan 23% Feb 19% 9% Aug Jun Industries- Electric American dep rets reg Laundries of America. X ■ • % 0 21V* V* X 21 500 21 % II—1 2% 2% 2,100 50 39% 39% 16% 100 Fisheries Atlantic Coast Line Co Atlas Corp warrants— 300 Associated Tel A Tel class A 5% Plywood Corp 7% 6% July CI 5% 15% 6 13,200 4 11 Feb Mar % Jan Feb 22% Jan 51% July 6 Jun 21% Jun Jan Jan 15% 2,100 1 4'/a 4% 4% 1,000 • 8 8 8% 600 6% July 8% Avery (B F) common 1 800 8 Mar 11% Oft preferred Ayrshire Collieries Corp com 25 25 Feb 15 % Jau A Sons 1 11% 4% 10% 11% 22% 125 20 July 11% 11% 400 10 Jun Mfg 10 Jun 137/e Jan 62% 63% 100 57% Jun 64% Jan 16% 17 125 11% Jun 17% Feb Jan Apr B 7ft Wilcogc Co Locomotive— 53 1,800 41 32 32 50 32 Aug 200 7 Feb 8% Aug 4% July Baldwin Rubber Co common Banco de los Andes- Jun Jun Feb 16% Jan 8% 3% ——* 3 6,200 15% • 1 7% Beau-Brummel Ties common (AS) Shoe Corp Bellanca Aircraft common 1 1,300 13% 5% Jun 10% 10% 200 7 1 common 7 11% 1 Blue Ridge Corp common Blumenthal (8) A Co common 1 3% (HO)-Co commonprior cum pld • 3% 3% 6,400 2% 8% 800 5% Jun 1,225 23% 36 41* 100 69 69 140 SI Borne, Scrymser Co Bourjols Inc— 16 17 20 39% 62 • Brazilian Traction Light A Power common — Bridgeport Gas Light Co Brillo Mfg Co common 17% 17% 17% 5% 5% 5% • 16 16 100 Oil Co • Tobacco— Amer dep rets ord bearer Amer dep rets ord reg British Celanese Ltd— Amer dep rets ord reg British Columbia Power class A Class B 21% 21% 100 series B preferred preferred series O. 4% ft 4% Consolidated .100 • Coro $1 Cosden Petroleum common convertible preferred Jun (EL) Co common Bruck Mills Ltd class B 3,500 4% 10% 11% 2,000 7% 2.50 Bunker Hill A Sullivan Burd Piston Ring Co Burma Corp Amer dep rets Burry Biscuit Corp 11 11 2.60 1 XllVa 14% 10 8% 2% % 2% Internat'l "A" partlc Cuban Tobacco ; ■■■ ' • Davenport Hosiery .4 American d^p rets 6% Calamba Sugar Estate pfd fl<& debenture California Electric 8 Jan Devoe & 10 Dobeckmun Co Domestlo Credit Corp class A Aug 20 Va 11% Mar 5 Jan May Amer Dominion Tar & Chem Co Ltd Feb Draper Jan 1% Jan 2% May Canada Cement Co Ltd common preference I Canadian Canners Ltd common Convertible preferred Canadian Industrial Alcohol— Class A voting Canadian Industries Ltd— 7% preferred Canadian Marconi Carr-Consolidated B'«cuit Co rets A ord 22 July Duke Power 8% Feb 22 Aug 24% July 8% 8% 300 7% 300 Jun 10% 7% July 9% 148% July 1% B 1% 14 1% 4,100 1 200 12 May 1% 21 8% 8% 100 7% Jun 8% 2% 2% 100 2% Jun • 3% 46% Century Electric Co common Century Investors Inc 109 Mar 48 Apr 111% Mar 2 Feb 4% Mar ChamberIin Co For iootnotes 1 see . -- page 3.BO — 33. 10 13% Mar Mar 3% 300 3% 2 50 24% Jun 3% 600 3% Jun 81% 110 81 79% 36 4% 9%, 12% 100 Jan Jan 5% Feb 81% Aug 15 ' Jan 88% Apr " 3,450 14% Aug 83 Aug 83 920 11 50 10% 11% 175 July 5% July 6% 400 5 May 9% Jan 3 Jan 3 Jan Jan 36% Apr 55 3 6 6% l,4t)0 500 Feb 5 % 35 V* 2% Jan Jan 11% 5% 5% 1,000 4% Jan 5% Aug 15% 15% 500 14% Jan 16V2 Mar 5% 6% 3,100 4% Feb 36% 37 7% 31 375 Jun Jun 12 6% AUg Aug Apr Jan 42 32% 31% > % 7,900 8,100 1,600 1 3% 5% 5% 6% 7 28% Jun is Jun 3% July 3% Feb 41% Jan lVe Aug 7V2 Jan 5 Jun 6% Apr 2,700 5% Feb 8% Apr 200 11% 11% 11% 650 11% Aug 13 V* Jan 2% 2% 2% 1,400 1% Jun 2% Jan 1% Jan 60 % 63 % 50 17% 19% 19% 13,300 30 Jan 14% 102 "7% 750 Apr Mar 4% May 65 May 19% Aug 106 May 12% 13% 150 ;. 8% Aug 4% Jun 6 Jan 10% , ! 5% Mar Jun 14% Jan 27% July 8% 33% Jan • __ ; 4 300 1% Jun 6 Vb July 1% Jun 3 70 1% 5% 600 6 27% 6 - 5% 22% Jun 32 Feb 6% Feb 8 Jan 28% - 1% mi mm 10 — __ — 11% 11 9% May 900 12% 10 11% ' ■ 2,400 Jan 132 - Jan 11% 140 Jan Aug 10 1% 19% 1% 19% 19 800 15% Apr Jun 9% Jan 1% 500 Jun 7 Jun 2% Jan 18 ■ Jun 23% Jan 9 ' Jun 12 Jan Jun 14% Feb 9% 400 6% Jan 10% Jan 3% 3% 3% 1,300 2% Jan 100 26% Jan 14% 11% Jun 32 14% 1,000 20% Mar - 250 62% 62 • — —— — • _ Sulphur Jun 57 May 14% Jan Apr 10% May Feb 65 Jun 32% Feb 79 6% Apr 1 2 Vb 2yB 100 1% Jan 11% 11% 100 9% July _1 33 22 % 23 * £1 „ 9% Mar 3% Aug 74 1| . ■ 32 14 Vb • „ Texas 10% 9% — — ' 3% 3% 13% 3% „• 14% ; 300 800 Jan May 7% Feb 2% Mar 13 Aug Jun 5% Feb 10% Mar 14 Vb Aug 3 Eastern Gas A Fuel Asan com 800 4% 4 • 2% Jun 4% 2% Jun 14 Aug 14 Aug 4 Jan July 7% Jan 7% Mar 10% Jan 6 Jan 4% ft 10$ 70 69% 70 300 62 Jun 77 Feb Oft 100 69% 69% 70% 650 61% Jun 75 Apr 30 30 50 prior preferred preferred Eastern Malleable Iron.— Eastern States Corp $7 preferred series ,,. 21 1% Jun 37 y2 Mar 2% Jan 2 400 65 300 50 Jun 69 Aug 60 %' 59% 60% 1,300 39 Jun 62% Aug 13 13 13 66% 68 1% Sugar Associates— shares of beneficial lnt 1 1 * 8% Electric Bond A Share eommoo 1 15% Electrographic Corp common Empire District Electric Bft pfd Empire Millwork Corp 100 —1 96% 4% 1 13% Derrick Equity Corp $3 July 65 1% A. $8 pfd shares of beneficial lnt Easy Washing Machine elate B Emsco 30 A Equipment convertible preferred Esquire Ine Eureka X 60 68 Aug 10 Jan 15% 46,900 11 9672 97% 30 5% 800 92% July 4"% Aug 101V* 4% 7% Apr 12% 13% 900 11 Feb 13% Apr 37% 37 Vb 4% 200 1%- 4,500 10% Feb 9% Jan 1% 100 4% ■X % 15 V* 50 18% Apr l7/e Mar 38 Aug 5 Jun Jan % May 4,300 15 V* 13 V4 May Jun 4 10 Feb 15% Aug Mar 31 200 38 1 Ltd Eureka Pipe Line common 13% May Mar 5% May 15 1% 1 Corp 11% Mar 125 2,700 11 1 lOe common 600 8% 7% 14 Feb Feb 18 Jan 79% 6 A Mar 10% 11% 28 y2 Fairchlld Camera A Instrument 12% Feb 21% 21% 3,600 Falrchlld 74% May 9% Mar 85% "9% Jun X Jun 5% Aug 4% Jan Feb 24% 9% 11 100 1 or America common Feb 3% 10 common Jan 3% 2 preference Cessna Aircraft Co 40% 100 10 Apr 50 24% 81% 100 Apr 500 2 3% 100 Conv pfd opt div ser Conv pfd opt div ser 1929— Jan Jan 150 x4% Mar • preferred—100 Jan 46% 12% 100 ICentral States Elec 6% 7% preferred Jan 110% 110% 2% 3 • 1 3.50% preferred Jan 148% July Jun 14% 1 10 Central Ohio 8teel Products Central Power A Light 4% pfd Duval Com 8% 3*2 20 5,600 1,000 ' Go (The) Co Eastern 1 (A M) A Co Catalin Corp of America Central Maine Power Go— Mar • —• 1/128 July Jan Jan Mar Jan r2% July x24 2s Od Castle Cnrv 200 £1 Carter (J W) Co common Casco Products common Chart* x24 2,400 32 14 1% $8 preferred series R 1 Amer dep rets B ord Conv 8% July 7% Aug • Ltd— dep Feb 2.50 Carnation Co common Carolina Power A Light $5 pfd • X24 100 % 1V2 Jun Jun 5% 20% 20 24% Vb May 10% 8% Mar Jun 6% May 19% Jun • X Carman A Co Amer 2% Jun 3% r2 % —.100 Capital City Products common Carey Baxter A Kennedy Inc 4% Jan 7% —• Class B non-voting Carreras 2% .Jun • 700 * Corp.. Driver Harrlx Go Durham Hosiery class B common Duro Test Corp common. I 300 31 Bridge Co Ltd % 1,400 1% 13% 1 • Dominion Steel & Coal class B Dominion 12 V* "7% "7% 3V4 £1 common Jun 1% July 1 103% Jun 1 dep rets ord rtg Jun 10,700 May Jan Jun • X 4% V* Mar 2% Z8 1 Reynolds class B 6% 4% -i Aug 12 18 70 Vz 9% Distillers Co Ltd— 37/s 414 108 May 700 l _ 8,000 • Power Camden Fire Insurance Canada Bread Co Ltd 6%% • 114 V* May 750 ion r Derby OH Co common Detroit Gasket St Manufacturing 12 Jun . _ Dominion Textile Co Ltd common I Calif Cotton Mills Co Apr Jan 2% D I BS Jan 11 Calgary & Edmonton Corp Ltd Jan vJan 85% 11% ;; Mills 22 Va 200 Apr Apr T6 2.00 I Lighting Inc common Curtis llfg Co (Mo) Jun 3% 169 100 8 67% 24% * common Curtis 12% 3% Jan 20 5% * 10 1 100 Crystal Oil Refining common $6 preferred Cuban Atlantic Sugar common 5ft preferred Duralov B0« Jun 58% 100 7 1 • 2flo Dunlop Rubber Oo Ltd— Amer dep rets ord reg Cable Electric Products common Cables A Wireless— 6% 3,000 2'% July 1 1,600 2,000 800 3% 1,000 10 % X 12 %• 15% Feb 5% Mar 32 % 3,700 1 13 Detroit Gray Iron Foundry Detroit Steel Products 10% July 600 40% 84% 31% Crosley Motors Ino Crowley Mllner A Co Crown Cent Petrol (Md) Feb 14% July 4% Jan • • Feb 27% July Apr Jan 9% 1/64 Croft Brewing Co.. 13% Aug 5% Aug Feb 10% 4 Jun Apr 4% 4% 1,000 9 37 Creole Petroleum. 23% Aug 2% Jan Jun 5% 33% dep receipts (ord reg)—£1 American Jan 2 Jun 5% Jun tt Aug 11% 614 00 11% July 5% 3% Apr Courtaulds Ltd— 11% 1% July 21% Mar 1 Bruce Jun 33 21% May Apr" 1% 8 66% 108 5% 1 Aug 8% 225 11% 15%. Aug 250 4% 1,050 1,000 11% -1 16 4,800 37% V2 Inc Reynolds common. preferred class A—— 23 13% 5,000 1/64 Feb 23% 500 l'/a 106 —— Be Apr 12% 4% 12% 1 23 7% —— — 10n 38 BOc 1 12% 5% Jun 113 1 common 23% Jan 4 2% 1 Feb Jan 7 19% Mar • 3% 1,800 7% 85% 1 10 Davidson-Brothers Ino 10 Buckeye Pipe Line Aug Jan 12 4,400 5% 21% Jan Jun 1 Brown Forman Distillers 4% cum Junior pfd Brown Rubber Co common Jun ~5% 9 Liquidating Corp. Consolidated Mining A Smelt Ltd Consolidated Royalty OO _ 10s Jan 65% 108 Consol Day WTlna* Tnrt Dayton Rubber Oo class ADejay Stores common. Dennlson Mfg class A common 8 5% • 11% Jan SI Aug 113 Utllltlea Oas Apr 10 4 4% .100 6 fi Apr —— —— . 30% x31% 66 18 33 21% 34y2 Jun 1 8 1 1958 Vtc ext to 13% 300 • British-American " 74 Feb Mar 5% 4% 37% Consol QILP Bait common— 4% July 15% Jan 3% May 2,300 1 British American 41* Apr 8 22 Compo Shoe Machinery— 21% • • Class A 3% Aug 8% Aug Mar 13% Jan May 12 Feb X7% • 7% Mar Jan 2 200 4% Jan 9 Mar 37 X31V* Aug 6% May Jun Jun 17 1,900 1 J Aug 100 1% 14 iVt'.. 3% Jan 5 21 14% 500 12 Jun 6% ~5% Community Public Sendee 46 350 1,800 Jan May 31% —— II 46 14% 7% 14% 1% 2 6 Colt's Manufacturing Co Commodore Hotel Inc Jun 13 • Convertible preferred • Blckford's Inc common 1 Blrdsboro Steel Fdry A Mach Co com-* 300 27 —— Colorado Fuel A Iron warrants Jan Jun 2% 9V2 Mar ' 10 Colonial Sand A Stone Co. Jan 6% 14% 5 9 700 7 37% 10% 13% 16 2% ~i% Crown Drug Co common Feb 100 100 13% — — Airlines. Apr Jan 33% 14% Aug 1% Development ordinary. Crown Cork 100 Aug Jan 12% 16 ' 30% Product# Co. Apr 35% 7 36% 2 Jan 26% 1 — 36% Jan 10% July 8% Mar 1% II Mar 5% 4% May 10% SI Canada common Benrus Watch Co Inc Benson A Hedges common 14 52% Cockshutt Plow Co commonColon Colonial Jan 7 % May Feb 10% 1 Bell Tel of Breeze Corp 50 7% 1 Beck Blauner's 15% 6% 1 Jan Feb 100 6 Club Aluminum Seellg Mfg— $1.20 convertible A common Basic Refractories Inc Baumann (L) A Co common 5%% 4 1% 38% 10% Mar Jan 14% 2% Clayton A Lambert Mfg. 5% shares Barium Steel Corp Bohack 36 % Jun Jan 52% Claude Neon Inc common Jan 8% 1 American Barlow A 55% Mar 52% 32 Jun % 13% 1 Corroon A •• 6 2,400 33,800 16 1 Cornucopia Gold Mines— 52% ■ ■■ 6 500 1% 14% Clinchfleld Coal Corp common- Rights w i preferred- 200 8% 49% 52% 1$ ■— 8% 1 1% 1 Continental Fdy A Machine Co. Cook Paint A Varnish Co. Babcock h 8% 8' Continental Car-Na-Var Corp Baldwin 17 1 1$ Mining Co High 150 • Controller Co Clark Low 11% —4 City Auto Stamping City A Suburban Homes iClarostat Range Since January 1 High 11% .1$ Cities Service common 5% May Jan 22% ll3/* • Jan 14% Automatic Steel Products Inc Automatic Voting Machine —1 Chief consolidated 3% Jan 1 % May 35 Low Shares Feb 114% Mar Jun 14% Jun 21V* Jun 4,400 21% Jan 10 V» Aug 113% Jan 7% 17% 9 3% 5% 15,600 43,800 #>-«» 7% mmmm 9% Associated Atlas Mar 8 12% 600 1,800 108% 109 2% 9% preferred 6 5% 10% Common class A non-voting— Apr 5% Jan 150 14% — 6 Atlantic Coast 6% 2% «l ""l Associated 47/e Jan May Ltd— Co Amer dep rets ord reg Angostura-Wupperman ... 6 ft 4 % tor Week of Prices —I Cherry-Burrell common Chesebrough Mfg commonChicago Rivet A Mach. Chicago A Southern Air Lines Voting trust etfs— Jan 100 % Aug Jan 5% Feb 4% Jun l Angerman Co Inc common Arkansas Power A 58 550 98 % Sales Range Par 3% Mar Jan Week's Last gale Price High V4 Mar 700 "6% a Aro 23,900 95% 6 Oil 2% 900 % 96'A American Writing Paper common Anglo-Iranian 3% • preferrett_ Thread STOCKS— New York Curb Exchange Range Since January 1 Low % Anchor Pott Product# , Friday Sale# Shares IOC Superpower Corp cummonseries preferred WEEK ENDED AUGUST 19 for Week High 3'A 2 common EXCHANGE CURB YORK NEW Monday, August 22, 1949 & FINANCIAL CHRONICLE COMMERCIAL THE (714) 30 1 4% 4% 4% 9,400 3% Feb Fansteel • 10% 10% 10% 1,100 8% Feb 13% 63% 65% 57% Jun Jun Aug 65% 2 Vb Engine A Airplane Metallurgical Fire Association (Phila) First York Corp commoi 1 10 ~2% to $1 x2% 32 32 32 16 $2 div cum preferred. Fishman (MH) CoBe 20 16 Stores- 60 2,600 3% ' 5V* Mar Apr Jan 3% July 25 25 Jun 33 Jan 50 13% July 16 May Ford Motor Co Ltd— Amer dep rets ord reg— 4% 4% 2,300 20% 19% 20% 1,800 21 21 21- -£1 4 Jun 5% Feb Ford Motor of Canada- Class A non-voting. Class B voting. Ford • Motor **»«■- of 100 17% Feb 20 Jan 21 23 Mar Feb . Franee— "fltn h*> % % 13,500 X July Vb Jan COMMERCIAL THE Number 4831 Volume 170 NEW & FINANCIAL CURB YORK CHRONICLE (715) EXCHANGE RANGE FOR WEEK ENDED AUGUST 19 Friday Low Par Pitt Fort rox 1.28 Brewing 4%* conv preferred — > . . High May 10 % 9% 8 % 600 6% Jun 11% Aug 10% Aug Jan 8% Mar 23% Mar 9% 400 9% Apr ~ ~~ * preferred Gellman Mfg Oo common General Alloys 20 5 1% 92 Va Apr Feb 8 3% 500 ~6 ~6% 1 1,200 Jun 2% 500 23^4 1% "3% Jun Amer dep rets ord reg 7% 1% 6% preferred series A_ General Flreprooflng common. 6% . _ • _ 7% — — 34 34 • 500 OV* Jan 6% Aug Jun Jun Feb Aug Jun 8% Jun 36 Jun 103 29% ' Outdoor Adv pfd 6% 100 3% 4 1,100 3% 2 "2 2% 2,000 1% July 1 Gilbert (AC) Gilchrist Co Glen Alden 4% 4% 100 May Jun 116 Mar 105 % Jun 106% 3% Jun 4% Aug 4 Jan 6Va Aug 18% Jan 1,800 5% - 5% 700 15 • Gladding McBean & Co Jan ' —— "4% : 300 10 % 100 17% — 16 10% • . Feb Jan 95 • 1 common 5% 4 Jan Xll2% — — • • uiant Yellowknne Gold Mines — _ General Phoenix Corp 1 General Plywood Corp common.; 50c General Public Service $6 preferred..* Georgia Power $6 preferred 10 preferred Gerity-Mich Corp 100 - 18% 2,700 12% July 9% Jan Feb i 18% Jun 21% Jan Jun 11% Jan Jan 16 16% " -.1 * "V— S — 16% 16% 9% — 13% 600 16% (Adolf) Ino Godchaux Sugars class A Class B • Aug Mfg ft •V'% 47 10 common Graham-Paige Motors 5% conv Feb bo Jun H Jan 53% Jan Jun 57b Jan 49% Mar 62% - 7% 300 6 5 Jun 8 9% 10% 400 7 Feb 11% 11% 725 103% Feb 124 Aug 1% 135 % Jun 142 Feu Jun 40 Aug 121% 124 100 135% 135% 135% ..25 39% • 1st preferred Great Northern Paper Grocery Stores Products . 124 stock common Gulf States Utilities $4.40 pfd_____100 Gypsum Lime A Alabastlne —— • 10 40 38% 25o common V 1,000 7% 90 — — . 32 __ 105% 106% 105 % — ....$ 4% 4% 5 ? 102 Bridge Oo Ltd Hammermill Paper common ,8% 8% 8% 150 III5 Feb 106% Mar Feb Hartford Electric Light Hartford Rayon common 13% 1 Brewing Oo Hathaway Bakeries Ino Helena Rubinstein Class • Apr w 10 10 • 0 125 8% July 100 10 Va Mar 300 94 • 27 27 96 • —— Mar 27 . 150 2% Laclede-Chrlaty Company—. L'Alglon Apparel Inc 12 12 12" Lake Shore Mines Ltd. 13% 13 1 I ... Co International Cigar Machinery International Hydro-Electric— Le Tourneau Preferred $3.50 series shs shares 500 2% Jan * 2% 16 800 375 2% 100 13% 400 5% 6% 4 11% 1,000 500 International Safety Razor B Royalty Mfg vtc 12 > 9% 96 108 12% 59% "7% * 200 -k Irving Air Chute. 1 Italian Superpower Oorp com cl A Jefferson Lake Sulphur Co Jim Brown Stores common 4 It , Apr Public 1 A Manlsohewltz 11% Marconi International 4,300 12% Key Co 10% ."ft* 2 Jun Feb 11% Jun 5% July 3% Aug 11% 63 2% Aug 18 10% 4% Jan Jan Feb 17 V* May 17% May 12% Jun 11 Jan 98 98 V2 Jun 112 Aug 10% Jan 1,500 2,900 100 —— 47 Jan 12% Apr Jan 63 Aug 20% Feb — 22 Feb 6ye Jun 11 Kidde (Walter) Jun 11 ya 13% 15 2,800 10% Feb 15 Aug 25% 25% 50 24% Jun 26 Mar 7% 300 7% 1% 1% 3,000 14% 13% 14% 300 4% 5% ft ■ 1,600 1% Feb 13% Aug 3% Mar % — Jan 1 Apr 17 Jan 8% Apr 1% Jan 3 3% 500 1% Jun 3% Jan 5% 5% 5% 800 4% Peb 6% Jan 3% 3% 100 3% Jun 5% Jan 3% May 4% Jan 20% Jan 4% 29,300 4 Aug .119 IN July 9% footnote* *e»- oage 33 125 25% May 21% Mar 26 23 % 22% 23% 3,800 20% Jun 24% May 7% Jun 9% % 1% Aug 77% Feb Feb 96 Aug 66% Feb 85 Aug Feb 23% Aug 8% 8% 8% 700 1% 1 1% 109,800 96 94 83% 85 276~ 96 84% 22% 23 23% 3,400 8,200 161/4 113 111% July 10% Aug 20 111% 111% 10% 10% 600 12% Aug Jan Feb 12% 300 14 V* Jan Feb 11% 7% 12 1,800 800 July 8% 10% Jan 13% 13 12% Feb 14% Apr Apr 25 Apr Jun 38 Jan McKee (AG) 1 10 1 S A Co class B 4% 13% 1% 1% 15% 1,200 35% 25 _7% 15 15% "7% 15% 1% 1% 1% Mesabl 11% 300 . " 500* 4% 4% Middle States Petroleum class A v t o Middle v Corp common Midland Oil Corp $1 conv Midland Steel pfd common Abrasive Oil 300 1% 1% 8J/s 8% 400 Co common ~8% 2 Va 2 "9% 30,300 2% 9,100 Producers A Tel Vernon-Woodborry Mills Mfg Co Muskegon Piston Ring common Muskogee Co common Mountain States Tel Mt Murray Ohio Company 10 * 100 ■ -* 2.60 W Mar ■ Mar 4% Jun 6 6% - Aug 9% Aug Jan 1% May % May 5% May 8% Aug 32% Aug Feb 6% Jun 1% 8% < Feb 9% Aug 2% Jan Mar 10% May 18 July 25 - 11% 25 Apr 700 9 Jun 16% Feb 3% 11% Jan 4% Jan 16% Jun 19% Jan 17% 18% 21% 21% 2% 800 2% May Feb 7% 32% 1,600 125 6% Jun 7% Jan 29% Jun 32% Jan 10 1,100 7V« Jun 10 V* 99% 100 • BOo 60 6 48 9 BOo 1 Jan Jan 6% July Jun .5 • Molybdenum Corp Monogram Pictures common— Monongahela Power Co— .IN 4.40% cum pfd .10$ 4.80% cum pfd series B Monroe Loan Society com class A 1 Montgomery Ward & Co class A——* Moody Investors partlc pfd • Morris Plan Corp of America lOo Mountain States Power common Jan Jun Apr 29% 9% * • Apr 6 1,200 1 Mining Corp of Canada • Minnesota Power & Light 5% pfd—IN Missouri Public Service common * Muter 6% 1% 10 Co convertible preferred 4%% 6% Products— (2 non-cum dividend shares Midwest 6% 1 t c West 57/s 1 2.60 • 10 1 Jan 2% 5% 3% 500 Jan 15% 110% 45 5% Feb Jan 9% 3% Mar 3,500 If 5% Jan 32% Feb 108% 1 Mar 37 1% Mar 3,900 25c Participating preferred Class B 2 17% Jun Jun 25% July 7% Mar 13% Jun 2% July Metal Textile Corp common Michigan Bumper Corp Michigan Steel Tube Michigan Sugar Co common 5% preferred Mlcromatic Hone Corp 6% May 34 100 — Co Iron 3% May Feb 2,200 15% 35% 1% 15% . preferred Jan Jun 300 ,100 5% 16 Merrltt Chapman A Scott Corp— Warrants A Jan 19% Feb • * 1 8% Jun Feb 5% • Dredging Mead,Johnson A Co Menasco Mfg Co Feb Jun 2% 5% 16 McWllllams 6% % Apr 2% 2% 100 2% 2% 7% 7% 32 50 19 22% May 3% Mar 9% 6% 7 300 2% 2% 900 93% 93% 93% 150 "2% "2% ~27/a 800 93 % Jan 100 Jan Aug 24 "9% Feb 30 Apr 6% 2% Jun Jun 181% 182 70 86 July 98 May 2% Apr 167% Mar 33% 33% 100 30% Jun 4% 4 Vs 4% 1,200 3% Jun 12% 11% 12% 1,600 10% Jun 30 V* 30% 31Va 250 29% Jun 99% 99 % 99>/a 30 95 July 8% Mar 3% Mar 95 Mar 102 V* Aug 2% Aug 183 37% Aug Jan 4% Aug 14% Jan 33% Feb 103% Jan 22% Jan Apr 30 Aug 1,200 7% Jun 10% Jan 100 10 % July 13% Jun 12% Jan Jan 10 Jun 13 3 Mar 19% 20 250 17 Mar 30 20 30 100 24 7% 8 12 12 9% 12 7 common N .10 Nachman Corp Namm's Inc 4% National Breweries common -• preferred 28 National Fuel Gas ' National Maillnson Fabrics 1 National Mfg A Stores common—;—1 National Pressure Cooker common 2 National Radiator Co -4 National Rubber Machinery —10 National Steel Car Ltd • National Transit common 1 National Union Radio 30c (Herman) Corp... 127 Feb May 13% Mar Jun 13 6% July 9% Feb 103 Mar Jan 9% Mar 12% Mar 105 5 8 Mar Ingland Tel A Tel Clock A Watch Co 4/z% convertible preferredNew Jersey Zinc New Mexico A Arizona Land—New Park Mining Co. v»w 33% 320 35% 25 10% 10% 5,900 8% 9% 1,400 10% 10% 10% 100 7% 7% 7% 1,600 6% 6% 100 2% M»r 29% Mar 5% 4 33% Jail Jan July Apr Jan 34 8% 6% 35% Aug Jun 10% Aug Jun 10% Jan May 6 6% 5% 10% July Jun 10% Jan Jun 9 Jan IV* May 8% Mar Jun 18% Apr 3% Mar 14% "3% 15% "3% 200 3 Apr 2% 2% 1,900 2% Jun 4% 8% 2% 8% 100 6% Feb 9 15% 16% 300 12% July Jan May 16% Aug 5% Aug 5% July 78% May 87% Jan 1 85 87 510 11 Jun 3% Jan 1% 59% 8 1% 1% 500 3% Haven Process Co common. 3% 5,500 10% New Net/ 100 3% 33 3% National Bellas Hess common nsuuuw jB«IOO ————— 4% 35% common Jan 9% 7% .IN 50 24% May 237/e Jan Jan 26 .10 Massey Harris common McAleer Mfg Co common.. 5% convertible preferred McClanahan Oil Co common McCcrd Corp common 12.60 preferred Neptune Meter common Nestle Le Mur Co common I preferred.. Jan 26% 24% Jan 1% Kimberly-Clark Corp— \u,«r 7% Jan % May —*»' — - 11% 6% Mar 25% 12% July 18% July A Oo 24% Aug Jan 6Vi 8% Mar ■ — Jan 88 y2 7% — Jan 22% 200 ' common. Apr 13 V* May Jun J1 Miller Wohl 12% Inc Apr Jan Marine Jan 220 Co Kennedy's 6% 10% 18% —1 Communication Co Ltd Mountain 7% -1 pfd Feb Jun 9y8 Mar 1,700 24% Mapes Consolidated Mfg Co Nelson Kansas Gas A Electric 7 % 6% 9 100 9% (The B) Co 3y4 K Kawneer Apr 6% Mar 23 Jun 31 Mangel Stores common Jun • Kalser-Prazer Corp 8% Jan 25 .10 IV2 * Kokenge Oo Jun 5% 19 6 Service Co Midwest Piping A Supply common Mid-West Refineries Feb July Apr 7% 1 Preference Julian 6% 100 M Maine Jan 47% 3 % I 800 11% 7% jeannette Glass Oo common. 7y8 5% 25% 6 8 >/8 7% 5% Apr 21% 7% • Jan 650 96% 112 — • Jan 14% Apr 1.8C0 1% v Jan ■ 9% — mm 5% 13% Jun 25% II 4 Feb • Jun Jan 11% Ino. Long Island Lighting CoCommon ctfs of dep ; • 1% preferred A ctfs of dep 100 6% preferred B ctfs of dep 100 Louisiana Land A Exploration 1 Louisiana Power A Light $6 pfd—* Lynch Corp I Mid-West Feb 10 Jan 3% 8% «... 43 * International Products 13% 300 23 (RG) Lone Star Gas Co. (Texas) Jan 13% — 10 141/4 Aug 24% 79% 14% — 100 Groceterias elass A. Jun 400 50 International Metal Industries A Feb May 10,200 4 9% Class B 68% 7,200 — Aug 12 a "9% Locke Steel Chain. 5,700 76 16% ' July 8 300 __ Lit Brothers common Mldvale Co 15% 12% 23 Apr 6% 100 7% 5% Corp common Llpton (Thos J) Inc 6 % preferred Jan 15% 112 Jan 12 y« Aug 6% Lionel 21 15% _• . Jan 42% May 144 32% May 15% Indianapolis Pwr A Light i% pfd__100 Insurance Co of North America 10 17% Jan 111% Aug 15% £1 Jan 10 13% 4 Line Material Co Jun - A Ireland— : Feb • 11% ■7% 1 Lakey Foundry A Machine—.. Lamaon Corp of Delaware.... Lanston Monotype Machine. La Balls Extension University. Lefcourt Realty common 17% 30% • 5 74 •: 106% May 2% 4 Feb Jan 18% 250 22 14 125 4 5% 1% 9% 13% 200 3% 13 - Jun 10% Mar — 22 19% • 14% 2% Jan 3 12% 1 * — 13% Brewing 31 ' 2% • 15% • coupon 12% Aug*., Jun — — £1 31 Aug 3 3% * Jun 25% 40 -74% 75 I - Aug 133 30% - — 1 ■, Apr 4 10 .< common 11 Jan 50 —- I Jun 40 • _ Jun 7% 3 - 144 - 5 .50 12% 12% 19% 1 _ 39% May 8% May 48 ya Jan Feb 40 : . Jun 9% Feb ' Jan 144 40 mmmmmm— Registered Imperial Tobacco of Canada Imperial Tobacco of Great Britain Fireman 400 Z— Imperial Chemical Industries— Amer dep rets registered Imperial oil (Canada) coupon Iron 700 3% 5 warrants International Petroleum Jun 5% 50 9 Vs 3% * Hydro-Electric Securities Hygrade Food Prod note Investors 42% 8% I100 Co May 68 100 42% __ common Reglsteied 8% 3% ■ (Harvey) Inc common Humble oil A Refining Hurd Lock & Mfg Oo Hussman Refrigerator $2.25 pf(1 zinc May 10% July 11 91 10 **9% ft. II15 ; preferred Illinois 12 y« Jan 9% ■ * Co 1st conv preferred- Feb 10% . 1 Hubbell Huyler's Apr 12% 10% .. 0% Inc stock Feb 8% Jun ' Horn A Hardart Baking Oo Horn A Hardart common Common 8% 94 -10 0% 15% Jun Jan ;wll 'I' 6 10% 1 & Co class A & July 10% July 8% Mar 10% 10% .100 w Hoe (R) A) 500 12% 800 Holllnger Consolidated G M Holly Stores Ino Holophane Co common (Geo 2% 2,300 .100 Hormel 2% ,7% 4* preferred w w Henry Holt & Co common Horder's Jun 10% 2 Jan 1% 6% ~ Jan 1% July — 10% __ x50% 300 7% nMli Jan 9% May 17% Mar 600 10% . preferred Jun -25c » _ common 44% 6% 1% " * 12% 12% Jun IIIB common A fl % % _«• 12 ' ft 1% 1% v 1 Hazel tine Corp Hsarn Dept Stores common Heela Mining Co Heller On 1% 1% 1% 1 Harvard Apr-ft- 7% Mar 250 47 46% 46 % -25 •4% 200 12% xl3% - 1,900 4,500 Macklntosh-HemphlU Co 8% Jun 13% Feb 200 • Lamp Oo 2 1% Jan H Hall 100 11% 1ft 1$ Marlon Power Shovel. Hamilton 2% 10% 1% Apr Jun Great Atlantic A Pacific Tea— Non-voting 2% 11% Jan 9% l __B 35% Aug Mar 17 Jan 3% 7% pfd—25 Gray Mfg Co Jan 30% Aug Jan Aug 47 10 100 4% — % 26,600 47 4% Mar 74% ' 43 Jun 21 150 Jan 2% Jun 35 . 30 *.*• % l • Grand Rapids Varnish — — 1% 500 ~ 50 Gorham Inc class A — 29. • Goldfleld Consolidated Mines Goodman Mfg Oo G or ham — • $4.50 prior preferred 1% 1% .1 common Feb 1 —. Longlnes-Wittnauer Watch Co Gobel 6% Aug Jan 15 22 Krueger Loblaw • Distilleries class B Globe-Union Inc Jan 26% 600 10 % July 2ft Coal Glenmore 3% 150 17 Jan 1 General 2,100 35% 16% Apr 3% Jun 5% £1 1 10 6% 35 6% 23% Aug 22% Feb General Electric Co Ltd— General Finance Corp common 5% 1 High 17 \ 50 1 (D EmU) Co common (IB) Rubber Oo. Knott Oorp common. Kobacker Stores Low Mar July 4% Jun 500 3% 23% • General Builders Supply Oorp com—1 6% conv preferred 25 15% 400 4% 1 Oo 14% Mar 88 % __ 90 90 100 5% Range Since January High 1 I Kleinert Qatlneau Power Oo common Shares 1 ,— . Klrkland Lake G M Oo Ltd Klein of Prices Low • Sales for Week Range Par ■ Kings County Lighting common 4% cumulative preferred King Seeley Corp Kingston Products Klrby Petroleum— Aug 26 7V« Jun Last Bale Price Exchange * , 700 9% » Oo (Geo A) Low New York Curb 11 % 1 80 Franklin Simon & Oo Ino common Fuller Range Since January 1 8 1 Oo Brewing (Peter) STOCKS— Sbares High '11 Week's Friday for Week Range oI Prices Sale Price Exchange Sales Week's Last STOCKS— New York Curb 3% 150 3 Mar 51 Jun 67 Jan 0 *eO 11V* Apr 1 Jun 1% Apr 65 Apr 7% 8% 1,300 3,300 1% 1% 4,100 59% 61 7% 75 Jan Jan 31 32 (716) THE COMMERCIAL YORK NEW Week's STOCKS— Last New York Curb Exchange Bale Frice Y N Auction Co N & Y Y Honduras Rosarlo Friday High Low 8% Par 10% 10% 400 10 Jun 13 Va Feb 18 18 18 500 15% Jun 20 Apr St Lawrence Corp Ltd 1st conv prelerred Salt Dome Oil Co—— 13 Va 141,700 7% Jan 13 Va Aug Samson United 101 % 360 200 — Power 5% 1st 2d 12% preferred 5% common 12% preferred Class B optional warrants— American Rayon class 12 • A Penn Va Feb 400 9% Jan 11% Aug 7% Jan 9 % Mar 500 8% Apr 12 Aug 600 % Apr 1 Apr 12 II 30% 31 300 28 Va 31 600 28 RR 3 ~6 ,_1 Noradel-Agene Corp 6 18 Va 6% 14% 37% Jan 37 Schulte (D Inc A) Manufacturing Steel Co Corp common Brass Co 4%% Oklahoma Old class Natural Poindexter 80e B common Gas 15 — O'okiep Copper Overseas 1 5 25 Feb Allotment July 89 Jan 32 y2 Co Shoe Industries Bemler 19 Feb Sentinel Aug 2 2% Feb Jan 40% Mar Inc common 27% July 8% Jun 31% Aug 14 Mar 11 Apr 14 Jan 8% 8% Jun 22% 6% Jun 100 9 Va (R B) Inc Radio 5%% 1st Paciiic 8 Pacific Power & Light 5% Pacific Public Service $1.30 1st preferred 7% 25 preferred 35% com Ltd $1.32 cum Pittsburgh Metallurgical Prentice-Hall Pressed Metals Jan Jan 19 May 24 y2 4% Aug 15% Jan 50 Jun 3 Jan Sick's 41 Jun 23% Jan 27% Apr Mar Apr 29% Mar 8% Aug 2% 2% 2% 2,000 1% Jun 2% Aug 75 100% Jan 4 Jun 106% May 5 y4 Mar 104% 4 i.. „ 4% '500 35% CO 500 32% Mar 3 10 10 400 50e 1 ♦ 1 . 15-' 1 13% 11,800 50 Va 59% Jun 10 z7/s July 11 1 18% —- ~3% 1 1 3% 50 0 3~W 200 10 y2 Jun 12 July 25 36 y2 Feb 39 Mar 870 55% Jun 69 Va Feb 25% Jan 4% Jan 62% 18% 3% -- 3% 2,100 ~5% 2.50 6% .Jun • 3% Jun 11% "5% ~5% 6 14 200 • Jan 4% Jun 5% Jun 2,000 6% ' 900 • 8% 31% 32% 400 14 y2 Jan Jun 2.50 7% 1 11% Feb .38 8% Jan Jun 11% 100 1% 1% 1% 2,700 7% 7 7% 200 9% Jan 101% 100% 101% 700 95% Jan 101% 100% 101% Jan 101 y2 • 100 preferred • com , • 12 % • 9% 10 Oats 8% Jun 11% Jan l'/s Jun 1% Jan 7 Jun 8% Jan 10% Jan 100 94 % 12% 200 11% Jun 21% 150 9 Mar 12 y4 Quebec Power Co 3% 500 3 2% 200 2 % % 600 "9% 600 Sonotone Corp 1 Coast Corp common South Penn 5 Jun 12.50 Line California $3 convertible option warrant!. preferred Manufacturing Reading Tube Corp common class A Regai Shoe Co Re is (Robert) 99 510 150% 150% 2,800 1,350 53 107% 107% 150 105% Mar 13% 4% 3% 15 Reliance Electric Co & Rice-Stix Inc 30 85 y4 Jan 143% Apr 13% Aug IV* May 99 y2 Aug 151 Aug 14% May (Thei Corp common Royalite Oil Co Ltd Russeks Fifth Ave Rvan Ryan common Aeronautical Co Consolidated Petroleum Vwrunn Ar 19 Havne« common For footnotes see page 33. 200 Va July Jam Jun 1 Mar 26 Jan 500 21% July leys Jun 5% 20 Apr 10 54 5% 5% 52% Mar 56 Apr 4,600 6.28 ~3% 4% 11 ~3% 1 Jan 2% 1% 1% 500 3 4y8 4% 900 % Mar 1% 175 xl7y8 July 19% Jun 21% . 2% 1% 94 95 20% 20% 500 200 27 28 6 1,200 230 228 230 3U0 90 90 10 5% 5% 7% Jan 236% Jan 2% Mar 87 10% 11% % 12% Apr 1 Va Jan 3% Feb 1,400 "5 3 7% 8% % May 2% 600 3% 3% 30% 3,600 2% Jun May Jan 28% 1,500 28% 28 25% 25% 25% 4% 4% 4% 29% 29% 1,700 2% 2% 300 • • 4 «•«. •• _■ • Jun 4% Jan Va Jun •r— 5 16 «... 3% 3% Jun 100 27/a Apr x8% 1 9% 31 Va 32% 32 % 2% 144 1 1% Feb 2% 200 1% Feb 270 112% Jan 146 6 Va 3% 1 16,200 2% 6V» 100 3% 3% 1 72 72 • 22% 22% 10 Va 10% 1 7 1 1% 1 2% 7 1% 27/a 100 1% 2% • Jan 2% Mar Jan 4 Jan 19 Va 30 v; : 1 Jun 0 5% Feo Apr 24% Jan Jan 15 Jan Jan % May 75 . ff 97/a May 7% July 1% Aug . % Mar 3,600 : Apr Aug 67% :200 1; 146 2% 50 1 2% • 2 1,400 • Jan 7% 3% 600 3% 3% May 10% .32% Aug 2% Apr 5% July 2% Jan 1,900 2 Vo '■X 2 19 Jun Feb 2% 2% • 1 Apr Feb 4% Mar Jun 8 28% 2 • 400 3,800 . Aug 8% 21% : Jan 16 Va 1 10 1 Jun mm— 20 2% May 4% Jan 9% July 12% Jan % Mar 2% .800 . 5 2 Va 2% 300 1 (8) & Co common Bun Ray Drug common Superior Portland Cement, Inc Superior Tool ti Die Co Jan Jail ;■ 3% 3% «... 1 Stop & Shop Inc 6% 39 2% Mar 300 *»•* 10 Stroock Jan 26% July Jun ■ % 1 Corp Feb "May 29V* July f May 29% 30 ■ 2.76 Stetson (J B) Co common Stlnnes (Hugo) Jan 45 Apr Mar 20 Jan 18 23% May 100 29% 36% 26% Mar 400 1 6 8% Aug 3% Jiuy Jun 37 25 com Jun - 25 14 25 Co Jun 6% 200 27% 30% 28 % Mar Jan 1,500 3 Va Jun 8% 4,700 % 27 Va class B Feb Jan 25% 11% 28 common 3% 93 Aug 300 Corp Apr Jun 400 Co Jan 29% 220% July 29% preference 4% May 29% 15% 15% 100 750 Bwan Finch Oil Corp * 12% 11% 13 Va 15 16 Va 18 250 • 10 Va 1 10% 4% - — 2% 2% 15 Tampa Electric Co Technicolor Tlio Inc common Apr 15% Aug Feb 650 2% 14 Corporation Tlshman Tobacco common Markets Roofing 1% 1,600 1% 30% • 14% & Allied 29% . 5% 22 - 500 "9 3,400 23% Jun Apr 89 Jan 38% Jun 8% May 1,100 20 Va ~4% • 3% — Jan Aug 7% x8% 900 x6% Feb 5% 57/a 2,600 5% Aug 1.25 1 "4% ~4% 3% — 5% 18 2% Construction 1 14%' 800 Jun 3 Jun ir" 26 2,300 Jan Jan Aug Jan Mar 11 12% 12% 8 8 13% 127/a Stocks—————* dep rets ord regis dep rets def regis Shipyard Corp Toklan Royalty Corp Toledo Edison 4%% common Tri-Contlnental True Temper Trunz Corp : Inc 80c ~>a "% Jan 12% Aug 10% 150 100 43% 1% 08 98 ' 2 13% Aug Jan 67 7/a 3% 2% Feb -it Jau Jan 1% Feb ,2% Mar Jan 98% Aug t(s Jun II Jan 3 Va Apr 4l/a Jan 2 Va Feb 2% Mar 3% 900 2% 1,800 200 3% 100 87/a 15% • 9% 9% Jun 18 % July 21 1 preferred ' 60 91 % * com 6% « 125 ~5% _5% 2% Jun Jun 300 ■ % 1 Jun % x39 Aug 400 98% 1 Jan Jun 200 43 * convertible 13% Feb ' 3% 5s warrants, Tung-Sol Lamp Works Jan 52 £1 70o pfd Tonopah Mining of Nevada, Trans Lux Corp 17% 10 Va — 20 Apr Feb Aug 11 1,400 — 15 Va 128 7% Juiy 100 200 13% , 8% July 100 8 30% Aug Jan May 14% 11 12% Jan 10% 120 ' —. 5 25c 30% 14% U*mm 5 1 Realty & Inc 25% Aug 24Va Jan Jun 7% Jan Jun 11% Jan Jan 1% 3% Apr U Jan 2% 2Va Jan Ulen .100 .,,5 Realization Corp Chemical Corp,, Union Gas of Canada Union 50 4 22% 13 Va Jun 7Va 200 —. 100 Inc 99 Va Aug Jan 27 Union 3% — 6% Jun 10 5% 37 Feb United Chemicals United Corp United United Elastic Corp ■ Light & Railways United Milk 4% July 6% Jan 5% Jan — 3% Aug Jun 5y4 Mar Jan 800 1% Jun 12% 6,000 7% Jan 6% Jan 92% Jan 99 53% May 57 700 98% .50C Amer Pre ducts & 350 500 1% Jan 12% Aug 6% Apr Aug Jan 3% 40 Jun Jan Aug /a Jan 25% 7 29 30 Va 7% 16% 29% % 7% common Canal Jun May Va 25,800 A dep rets ord regis NJ RR 99 *2% 32 75c participating preferred United Molasser Co Ltd— United 98% "2% .100 warrants 8% Aug 6% May 10 Va Feb 3% 1 2% 11% common Feb 300 1% 2% 12% Oil Co of California— $3.75 pfd series A 8tock Yards of Omaha United Aircraft Products com Apr 900 1% 2% Investment Co— Union ~8% Jan Apr ■ • common Power & Light 7% pfd Shovel Co new common Unexcelled 5 1 May 28 28 Jan 500 95 5 • 16 •3% Jun Jan 19 Va — 1 Jun 700 Mar May £1 10 Aug 29% Jan 21 - 21 2% • 7% May 5% ' 19 Jun 19 2% July ' 1 100 Jan 15% 300 19% 54 • Co— Inc .10,400 \ 18% 24 1 Rotary Electric 8teel Co Fowe 19 23 . Rolls Royce Ltd— Amer dep rets for ord reg Rome Cable Corp common— Field 24 • —1 Rochester Gas & Elec 4% pfd F Roeser & Pendleton Inc common Roosevelt Va % 10 • Jau 15 29% Todd t,1 1 Engineering-——5 Richmond Radiator Rio Grande Valley Gas (Texas Corp) v t c July 20 Jan 700 25 conv 109 % Mar 11% 14% 14% 25 4.48% 15% Aug 60% Aug Jan 25 Amer 18% 1 & Apr 100 15% 60% 10 preference conv Thorofare .1 10 5 22 % 20% original preferred 4.88% cum preferred Amer Raytheon Apr Edison— 5% Thor 97 '• — . — Feb 3% Jan 100 5% R Railway & Light Securities— Votiag common Railway & Utility Investment A Rath Packing Co common Raymond Concrete Pile common 11% 14% 1 common Pipe Jan Jun 59 1 common South Oil 13 V* 15 1 Manufacturing Co Manufacturing Jan Jun 60% 20% Jan II Apr 2% Jun 19% Aug 10% Jun • 1 Boss 4% 8% 100 2% 19% 5 Jun Jun 8% "9% ~9% 2% Jan % Tobacco Security Trust Co Ltd— Aadio-Keith-Orpheum Aug Aug Q 98% .100 80 May Jan 10 5% common preferred Jan Aug £1 SSolar Thew 6% Jan 19% 80 Va 2% 100 Solar Alicraft Co Texas Quaker 3% Jun 101% Aug —». 1 B regis Steel Co of Canada 8t,ein (A) & Co common Apr 95 Va 26 Amer dep rets ord City Gas & Elec Co— 3.90% preferred Smith (Howard; Paper Mills Sterling Aluminum Products Sterling Brewers Inc., {Sterling Engine Co Sterling Inc Jan Jun Jun 15 72% May 3% 1 Standard Tube class B Starrett (The) Corp Jan 91% July Feb * 100 Standard-Thomson Corp 13% May 5% Aug 2% 100 1% 16 V* 4,700 8(1 Va Jan Jun July 5,400 19% 17% % Sioux $7 preferred Standard Products Apr 11% • Standard Power & Light com Apr 2% preferred Simplicity Pattern common Simpson's Ltd class B Singer Manufacturing Co Singer Manufacturing Co Ltd— Common Jan Jun Apr * convertible preferred Standard Forgings Corp Standard Oil (Ky) Jan Jun 16 — 1 24'/a Jun iy2 38 "2% "3 Publications— $1.60 Jan 2% 60 Va ,61 18 convertible Standard Dredging Jan 400 11% 15 2 12% 18% Va • Standard Brewing Aug 8% 2,200 38 *' 3,300 18 Ltd Standard Cap & Seal common Convertible preferred—„ Apr 2% 2 11% 50 100 •*2% *3% • __ 3 18% 100 178 • • Btahl-Meyer Inc Jan Mar 15 Feb 5% July Canada Southland Royalty Co Spencer Shoe Corp 4% Mar Jun 8% 900 15 41% Jan —25 4.32% cum preferred Southern Pipe Line 25 V4 Jan 11 Manufacturing 47 7 104 16% 4.56% Apr 100 • common 5Va 5,100 — Aug 80 100 Breweries Southern Jan 80 * 1 common preferred Southwest Pa Jan 10 % * 8% 10- Public Pyrene 11% 17 28% 100 Puget Sound Pulp & Timber Jan 4 Jun Apr 8% 2.50 America Nevada Apr 28% • Co 500 550 common 38% ~8% - 25o common Service of Colorado— 4%% cumulative preferred Puget Sound Power & Light— $5 prior 45 56 Gas Pyle-National May July 300 44% — Producers Corp of Prosperity Co class Providence 10 4% 10 common of 54% 4 55% — Co Inc 100 55% common common Alexander Corp of Canada 6 ft 1st preferred Pratt & Lambert Co Mar 26 6% 400 • Pleasant Valley Wine Co Pneumatic Scale & 22% 12 xl 1% 45 ——28 Corp common— Pitney-Bowes Inc Pittsburgh Bess & Lake Erie RR Pittsburgh & Lake Erie Powdrell 98 19 Jan -1 Ptnchin Johnson Ltd Amer shares Pioneer Gold Mines Ltd Piper Aircraft Power Jan Feb 23,700 54% • Phillips Packing Co Pierce Governor common Mining 7% — .1 Pharl8 Tire <fe Rubber common Philadelphia Co common Polaris 7% -• (Mass) 103% Aug 37% July 1% Jun 25,600 22% 100 —2.50 Traffic Co Penn Water & Power Co Pep Boys (The) Perfect Circle Corp Jun ■ 29 common Peppercll Mfg Co "2% 29 preferred Corp *2% 12 • Penn Gas & Elec class A common Penn Power & Light 4%% pid Penn Jan Jan 14 y2 3 common 8% 36% Aug 94 t M cr Jun 1 B Silex Co common 15 1 -—• Shawinigan Water & Power Sherwin-Williams Simmons-Boardman 23% • —— Sheller Mfg Co Jan 32% Jan 10 2,100 ~1% 1 Shoe Corp of America class A Apr 50 » & Reei__ $1 cumulative preferred Pennroad 94% 94% I 7% common 8herwin-Wiiliams of 100% 100 1 Patcliogue Plymouth Mills Co 103% 103% — 1 Co Peninsular Telephone 6% July * — Leather Feb 32% Aug * I Parkersburg Rig 200 1,500 • Pantapec Oil (CA) Amer sh Paramount Motors Corp Patican 103% pid—-—100 Tubes common Pancoastal Oil (CA) v t c Pen 7% 36% Jan 19 y2 4,100 .——1 Apr 29% • Page-Hersey Parker 7 35% 25 Lighting $4.50 preferred 2Va July 28% 1% 1 Corp class B $3 Pacific Can Co common Pacific Gas & Elec 6% 1st pfd Jun 15% 1 Corp common Control AUg 9 Jun 1 20% July certificates Saiety Jan 112 11 1 2% Jan 2% Mar 76 prior Aug 11% Jan Jun 106 % Co Ltd Amer shares 700 107 70 900 Jan 300 1 % 19% stock 275 29% 3% 400 1% 1% ~3 stock $5.50 1,900 29 V» Jan 16% Convertible 2% 29 % 2% 3 13 "lVa Jun 5% May .1 Securities 1 Apr 13'/a May • 1% July 1% Jun 24% 24% -* Jan 1,200 1 United Filters class B Omar Inc 24% * 3 Va 12% Distillery Oliver 25 15 Va 37 % 2% 37 % 2% 1% 1 : Feb Jan 110% UIV2 2% 111 100 Jan 11% : 200 Shattuck Denn Mining • preferred 19% Jun * O Power Jan Jun 4% 1,300 Securities Corp General Bros Inc— SetoD Ohio 8% 14% 1% Seeman Serrick Ohio 3% May 200 1% common Sentry Ogden 500 1% 1 101% High 3,400 ,, 1% 1 common Bcovili Bcullin 5 18 5% —25c Savoy Oil Inc (Del) Sayre Ac Fisher Brick Co Segal Lock & Hardware Apr 4,900 19 Low 1 common Beiby 2 Va 90 Range Since January 1 6% 17% 5% Selected 82 105% 107 Shares High 5 49 —-——~—1 Jan 1,300 • pfd. 100 Jan Corp 1 common 10 % July 300 3 -50 Northern Indiana Pub Serv 5% Northrop Aircraft Inc 11% 11% — —1 % Mar 1% z» Oil Co Low 2 % Utility Securities- North Central Texas Northeast Airlines Aug 800 30 30 98 700 18 u 101% Aug Jan 9% 9 12 Class B common North A 94 '/a Mar 92% > 11% 11% - 9 Nineteen Hundred Corp common Mines American 50 A 11 % Nipunsing North 97 97 : Niagara Share Corp common Niles-Bement-Pond North 101 101 for Week 30% Aug Shipbuilding Corp— . Sales Range of Prices Jan 29% 30% Week's Last Sale Price Exchange High 7% Aug 26% Feb 30% Founders shares Niagara liuasou 19 New York Curb Range Since January 1 __ Merchandise, AUGUST STOCKS— Shares common Y Monday, August 22, 1949 EXCHANGE ENDED for Week Range LOW CURB ~ CHRONICLE Sales of Prices Par N FINANCIAL FOR WEEK RANGE Friday & 17% - 50 500 r Jun 30% May 21 47,600 Feb 30 % May 7% May 35% Jun 3% Aug .100 241 July 10% 21 Jan Mar 4% Feb 246% Feb THE Number 4831 170 .Volume Week's STOCKS— Last New York Curb Exchange Sale Price 25c United Profit Sharing com preferred 10% United Machinery Shoe 25 common- —25 Preferred Range Sinee January 1 Low 49% V 49% 40% 40% > 50% 41 2,675 Jan 37% 7V4 52 Vb 42% May 450 Apr Jan Interstate Jan 41% Aug a Power Debenture 8% 8% 8% 200 Jun 8% FeD U S Air Conditioning Corp —10c —V ' 1% 1% 1,900 % July 1% Jan Altalian U S Foil Co class B —1 15 14 7% 15% 1,100 12'A Mar 3% 3'A 300 United U 1st S preferred Radiator U S Rubber 1 common • Securities International and S 85 U Specialities with warrants IIIII common Insurance Oil Utah & 125 7 1,800 1% 200 48% 48% 100 -10 24% 100 2% 2,300 2 21 • Light common 2% 24 23% 24 1966 3-D 1969 3-J 1956 F-A to 1963 A-O Light 4%s 1967 1961 M-N 3'/as' Power Jan Jan 50% July X25% Feb Aug 21 Va J- J 1% Jan 2% 35'A 24 — 24 1963 Midland Jun Feb Jun Extended 2% at Milwaukee Ohio 4% Gas Power 1st Apr 1st 3%s mtge Lexington Hydro-Electric A6%s with Oct 1 $4 convertible preferred Vanadium-Alloys Steel Co Venezuelan Syndicate 5VB 67 7; 500 4% Vogt Manuafcturing • Jun 71 Jun 100 — 3% Oct ex Service 50-year Jan 12% 10% Aug 105 1 57 / • 7 % preferred Waitt & Bond $2 100 Inc Watch Waltham i w 3-J — 105'A 106% A-O 15 159 — 1103% 104% \v Af-S 105% 105% J-3 FA 1103 A-O 106 106 1971 West Utilities Texas Tablet Mar Counties 111 2% -1 1.25 3'/a 2,400 l'/a July 4% ~8VB 7Vb BVa 1,600 6% Apr 112 Jan 115% Feb 138 Jun 155 26 21% 20 30 321/2 225 27'/a Jun 36 Jan Westmoreland Inc 10 21 21 100 20% Mar 22 J-3 Oil River Wichita (The) Williams 161/4 300 8 4% 4% Woodall Pwr 1 —...25 15 • 30 (F American 15 15 1,100 10% 10% 10% 8 Apr 10 Terni 11% 11% Jan "2 "~2Vb Feb Jun 8% Interest 1970 5%s A Central 0H Sn- States j-d Cities Service-'i5s Low 13 100% 106 J-D *106% 108 106% 108% Q-F 1165 160 % 165 J-D 100% 103% 7 v. • 103 180 102% 103% 10 d90% 101% 123 89% 101% d94 % 104% J-J 91% M-S 150 92% M-S 107% 107% 107% U A-O 103% 103% 104% M-S Debenture 3s_: 1977 J. J Jan 1968 - (Bait) & Pwr 102% % 107% 104% 106 '107% 87 92% 178 92 % J-D *106% 107 104% 106% J-J *102% 104 99% 101% 1st ref 2%s series R 1981 A-O 1962 M-N ;77^7v: *102% 104 — 105 Vz 106% 105% 99% 102 % 8 103 106% A-O 1954 4%s 111% 111% 111% Elec 1993 1993 1965 1956 5s M-N J-J 9 40 ' 73 '7 99% 100% M-S 63% 48% 96% 100% 116 117% 54 33 417: 64 52% 7*49 coupon__1953 1940 1 *30 — 1961 Grand Trunk Western Ry 4s Mountain Green 6s ser (coupon A Ex-coupon Indianapolis 3%s series Lt 1970 (Aug A7s ~2 41% 58 45 103% 777';,; ,7 7 58% 59 59 106% 32% ' mW -i -'-V;' 60 10 59 60 8 60 31% listed on are 62 2 59% 15 Indus¬ Rail- Util- trials Date— Aug. roads lties — 13 65 Stocks BONDS Indus¬ Grade Grade Util¬ 7s Danish Cons 5%s External y ities Bonds Closed Week's Range or Friday's Bonds Bid & Asked Sold Low Total A-O J-3 5s_> -i.- 63.90 102.45 104.48 85.76 105.48 99.54 15 16_ 180.00 46.63 36.54 64.10 102.63 104.45 85.65 105.39 99.53 17__.—/.— 181.59 47.30 36.75 64.71 102.64 104.41 85.96 105.48 99.62 Aug. 18 182.02 47.40 36.74 64.83 102.60 104.93 86.05 105.44 99.75 Aug. 19 181.16 46.84 36.67 64.45 102.58 104.86 86.05 105.38 99.71 Range Sinoe No. Jan. 1 Low.- High — *71% /f;:t7i% — — :•/ — 44 10 45 70 % 83'A 704* 79% 37% 1 45 79% 7' v— 7: M-N F-A •7— *76 80 7*80 '6% 7% ; 7% 3-J 12% City (Peru) 6%s stamped_1958 Maranhao stamped (Plan A) M-S *13% 16% 13% 15% 2008 28 24% 29 1951 M-N J-D *27 47 37% 43'A 1947 1947 1931 1972 M-N A-O J-D 3-D *48 3A 41% 45% Interest AMedellin 2%s reduced to 7s stamped Bank of Bogota— (issue of May 1927) (issue of Oct 1927) Mortgage A7s Mortgage Bank of Parana Denmark 5s stamped (Plan A) Interest reduced to / 2%s———2008 (Republic of)— '• (ser A B C D E) Peru Is to 2%s Rio de Janeiro stamped Interest A 5 reduced to Government (Plan A) 2% 6%s %S ♦No e Odd-lot par value, . *48 3A ABonds — *30 „ 75 31 31 61% 1 80 26% 1 , 31 / V "" 17% 15% 18% 27% 2 24% 29 2% 2% M-S J-J 36 2% 40 2 3% 2% 3-D 18% 27% J-J 2012 1919 1921 — *72 „ 1997 2% 10 2 33% transaction (not included in year's range), d Ex-Interest, year's range), f Ex-distribution, g Ex-stock dlv. h Exs range). r Transaction for cash Deferred delivery (not included in a transaction J-J ^ *44 principal. n Under-the-rule transaction (not Included in year (not included in year's range), x Ex-dividend, y Ex-rights, z Ex-liquidating dividend. week. sales being transacted during current being traded flat. SReported In receivership. Abbreviations used , . ■ above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬ convertible; "M," mortgage; "n-v," non-voting i," when issued; "w w," with warrants; "x w," without stock; "vtc," voting trust certificates; warrants. Over-ihe-Counter Industrial Stock Average Date— Aug. Aug. 36.52 ; — J-D 1955 1953 Danzig Port & Waterways— AExternal 6%8 stamped----—1952 — 46.68 High Municipal Loan— External 40 Rails 10 Aug. Friday Bank Mortgage A20-year 7s A20-year Last Sale Price (35 Stocks) Compiled by National Aug. - 1978 101 Period (Col)— April 1946 Jan 1947 Bogota (see Mortgage Bank of) ACauca Valley 7s 1948 Agricultural 10 - 1107% 107% Interest New York Curb Exchange 59% 32: 7 Second Closed 92% 103 "w First Rails 82% Q9 119% tive; "conv," 10 trials Q9 100 % 60 178.97 Aug. 130 118% 62 -Bonds— Total 50% 54 149 1956 101 37 10 20 28 Vz 1956 119% 119 Va the New York Stock Exchange as compiled by Dow, Jones & Co. 30 59 F-A f debentures s 31 % the daily closing averages of representative stocks and bonds -Stocks- 30 J-D 60 . Stock and Bond Averages Below 2 Newspaper Union— 6s conv 60 7732% 12 53% 59 '--7 1952 56% 1959 Western 58% 2 59 J-J 1952 (July 1941 coupon) 56% 130 1953 tFriday's bid and asked prices; no 58% 1957 coupon) A7s series F « F-A 52 1960 West Penn Traction 5s 103% 40 45 J-D 18 109 Sec— 1941 coup) 1941 43% 5 108 102% " $103% 105 M-N 1955 1957 3'As 50 ■'7/7j-7:7 - & C A6%s (Dec 1 „ *45% 1955 Power 99% 1 103% 103% — 102 % 100% *100 3-D 1958 on) A7s series E A7s 3-J RR— market Power International A6%s Power & Western 44'A 105 ARussian *60 M-S 1950 1963 stamped 44% A-O 106% Finland Residential Guantanamo 52 105% 105 Va 65 117% 117% 117%. 49 32% 55 *37 1947 coupon 1953 Mtge Eank— A6%s ex Nov 1 54% £4% May Mfg Co— A6%s with Nov 1 5s 72 18% — A-O AMortgage Bank of Chile 6s A ser Lt & RR Ercole Marelll 45 jr-jr M-S 111% 112% 5 Division— N J mlge Water 143 95% 63 __ J-D A 7s 4s ser B— Eastern Gas & Fuel 3%s Elmira 67 1964 — Delaware Lack & Western RR— A 1st 67 106% 127 1954 1 5s ALima 1969 1976 City) 91 92% 2%s conv debs (Bait 105! 3 29 106% 106% — 3s ser P 2%s ser Q 1st mtge 4s 123 2030 104% 1958 • of 2 West Penn Electric 106% 102% 103 1969 mtge Hotel— debs income A 5s 103 *105% 107 5s Lackawanna 131 77 Washington Water Power 3%s 107% M-N Debenture Gas 1125 A-O 1946 coupon coupon High 105% No. High 107% 107% Debenture 5s 1st ref mtge 1940 Jan. 1 Corp— ' 1st ref mtge Waldorf-Astoria 1 1947 Range Since Sold J-J ^i_------_J-i.>.»>1948 —1954 Gas El Lt 77 Foreign^ Governments & Municipalities Bonds Friday's or Bid & Asked 1970 . Electric debentures 1 Dec Apr 1998 6s debentures 5s with Dec A7s ex 8% May ~2~fff 1964 2%s 5s 1 1940 coupon—1953 Jan Canada— of Edison A 7s Jan 14 1955 C Steel Boston Gen 107/a Jun 10% Aug 1960 deb City Electric 3%s Telephone A6%s with Aug 1 Week's Range Last Sale Price Low Consolidated Apr 33 104% Mar xG% Jun 2 tV Period Appalachian Elec Power 31/4S CoAsol 15% Mar Jun 13 6,900 5s £1 * I Friday series Apr 231/4 300 BONDS Bethlehem ~1 77 Hydro-Electric Co— Ltd— W) & Tel 101 % 106 77 A-O -1946 Industries— stamped 2nd A6%s ex Aug 1 1947 coupon United Electric Service Co— Jan 5 300 11% New York Curb Exchange 5s Feb 98 40 8 deposit receipts Wright Hargreaves Ltd Atlantic 99% 104% 106 (Hugo) A7-4s Jan 27/a 325 30 102% 103% 2 common preference Assoc Tel 105 106% Corp— 3rd stamped Stinnes May 9 500 28% 100 Inc Petroleum Woolworth pfd Lt 4%% & Industries Woodley Bell 19 Jun IDS —.1 - common Winnipeg Elec common Wisconsin 2% July May 7 8% July 16% 8 15% July 5% 8 (R C) & Co Brothers 6% 16 »/4 5 preferred w w— h% 2* 10 15% Mar Jun 14 1 , Corp Corp Willson Products Inc——! Wilson 5s Corp inc 5s (Hugo) A7-4s 104 103 7/b 1100% 103% F-A M-N 1966 3%s 1970 1989 1950 Elec & ' 2 — collateral trust 5s Stinnes Jun 1 Weyenberg Shoe Mfg Whitman (Wm) & Co Wickes (Calif) 106% Feb & Westmoreland Coal ; AStarrett Apr Jun Gas Spalding (AG) 8% Aug May $6 3%s Gas Gas mtge 3s Southwestern Jan 11/2 % July preferred • 1st pfd__100 Stationery com • Jan 2% ' 1% July 2% Feb 19,700 3'/8 Jan 1st Jan 10% Jun Ry 7% Western Maryland Western "1% "1% 3% Co warrants Corp Wentworth Manufacturing California 106 105% 105 1970 1053/4 21 114 103% 1105% 106% 1973 1st & ref m 3s ser B Southern Mar 101 109% 1110% 110% M-S 1973 Southern 18 May 159 104 H — 199 M-N 1965 3s A Apr 6% 00 101% 100% 158 159 3-J 1952 6s B California Edison series 3%s Jan 250 51 26 54 Co— 1998 Joaquin Lt & Pow 17/b 700 81/4 96 % 1106% 107% , 106 % 130 1952 9% 1/4 Aug ~1% 1 Aircraft Warner 11/4 8 106% 93 105% 149 A Jun 109 60 1 Va 1 Co 600 8 109i/2 109i/2 >4. 30 Voting trust ctfs Ward Baking 109% 1 preferred cum 7% 108 103 96'A 1105% 107 3-D 1960 debs 7% July 1% ext_* 106 105% 106 % 107 96% 65 105% 104 Vz ' Co 109% 102 103% 1134% 106% coupon—1960 coupon Gas & 61 €0 103% 104 1106% I0b% 3-J Safe Harbor Water Power Corp 3s_1981 Southern Aircraft 105 108% 100 Jan W Wagner Baking voting trust ctfs 1 | Co— 1940 1947 Elec 6% series 5%s San Waco :• 40% - 102% 108% 109 ; — Aug. Aug. Aug. Aug. Quotation Bureau, Inc. Range for 1949 Closing 7 Closed High 33.26 Jan 24 15_ 31.63 Low 27.79 Jun 15 16— 31.61 13 * — Range for 1948 31.61 31.88 — !? 52'/a Queens Borough Gas & Electric— Jan 3 1% May 7.77 Apr ■ 5% Jurr 6%s Public 34 % Mar 2,500 2% A Jan 63 4% 20c Inc 6% 25 Vz •—>^ • 1 Jun 4 10 67 * Petroleum Venezuela 5% 1 5 common ,| ■ 80 21 39 1100% 103% A-O 1970 Piedmont Corp High '■ 62 — 1103 108% A-O 1964 Pennsylvania Water & Power 3%s_1964 1st mtge 3s 3%s Valspar 86 27% 38 39 M-S 1968 1971 mtge 3s Park 24% May Low Valley RR— New England Power 3%s Jan 26 130 1952 «s—- 2% Feb 700 — —10 1% Jan. 1 No. 54 *49 -1952 coupon Kansas Electric Range Since Sold 80% 78% 80 1947 1 Jan Jun 1 Nov 6 Vb Jun 3% J-J Aug 83 - 4% ctfs Superpower ex Bonds High Co— escrow Kansas Power & Light 3%s McCord Corp deb 4%s Jan 3% Jun 73 1% —— Sugar Power 82 4 1% —10 Universal Products Co common Utah-Idaho 82 v:.4 __50c Consolidated Universal 82 16% May Feb 2% 1 Reclaiming Co United Stores Corp com Universal 3% • 6% Friday's or Bid & Asked 1 Isarco Hydro-Electric Co— A 7s with Nov 1 1940 coupon A 7s • Week's Range Last Sale Price Low lVs > 4% Aug ' „ Period ■1 New York Curb Exchange , High Jun % — Interest BONDS High 33 19 Friday Shares ' 10 AUGUST for Week of Prices Low (717) Sales Range Par CHRONICLE EXCHANGE WEEK ENDED FOR RANGE FINANCIAL CURB YORK NEW Friday & COMMERCIAL High 37.83 Jun 10 31.84 Low 32.37 Dec 29 "1 & COMMERCIAL THE (718) 34 FINANCIAL STOCK OTHER RANGE FOR WEEK CHRONICLE Monday, August 22, 1949 EXCHANGES AUGUST ENDED 19 Friday Week's Last STOCKS— Week'* Friday STOCKS— Last A A A',/ A Sale Price Par »• American Agricultural American Chemical Refining Sugar American Tel Tel & of Prices Low A* 1453/4 • A "-50 ::Ar"~ Anaconda Copper 100 Boston & Albany RR 1503/4 38% Modine Feb Jun 35 Jan Montgomery 100 Apr 120 Jan North 43 1,290 40 July 12% 15% 3,340 12% Aug National class 10% cl 100 Oak 1st Boston Personal Calumet Prop Trust- Cities Service —lis 39 19 Va Fuel & Gas 5 8 16% 16% *; 4-.u •,/4Ax A';"-'''—. 49% * Street 1st preferred series A preferred B Eastern 3% 57 57 3% & General 38 Va Feb 50 Gillette Safety A preferred ,'Vy' — ;,A/ :'l' 1 Assn Nash-Kelvinator New 57 Steel Car Roebuck Co & Prod Corp 68% 13c 20 Brand Standard Clothes Lathe Bend —100 Tel North Butte Mining Northern RR (N H) 85% Stewart-Warner corp Stone 38% Jun 40ya Jan Sundstrand 23 May 1,066 33% 29% 553 23% 49% 281 40 Jun Jun 33% Jan 56% Jan 11 130 10 Jan 59 39% 60 65 58 Feb 14% May 68% Jun «" Container ,—100 8 50 190 10% Jun 18c 150 13c Jan V; ;,v 1 1 Swift & Mining 25 Co—— Rexall Drug Co Shawmut — ..2.50 — Association — ** Union United Fruit United Shoe U S " :;--i Air Light & Rys Co 3% Aug 7 76c 4 Vb J*.'.";' 160 16% 32% 33% Mar 173/4 Wiebolt Wisconsin Feb Woodall Yates-Amer 1% Jan Aug 53/4 Apr 15% 12% 17 ys May Feb Jan 36 27 Va Jun 443/fc Jun Aug 35'A * Jan 51% 491/4 52'/8 49% 50 200 42% May 52% Jan 31% 34 125 31% Aug 43 Va 12Va Jun 14% Apr 26% Jan 10 * Waldorf 1*12.50 Corp v !^7!- 1 ,>! 13% 243/4 14'/a 50 241/4 253/a 505 54% Mar 20 3/4 May Jan Elec Stores Jan Jun 29% Jun i4o.;: 2,946 ;; Inc Chicago Slock Exchange Last Sale Price Par Steel Acme Admiral Co (Hew) Corp Aetna & Ball Bearing Shares Inc Indus Machine Range SInee January 1 21% Jan 3% 200 13% July 2% Jan 42% 700 36% 42% Aug 11% 100 7% • A High 14 % Jun 5 May 28 Jun 7% Aug 9% 150 6% Jun 11% Jan 27% Jun 32% Jan 400 9% 300 58% 100 11 9 "350 400 25 Va 650 A- 10 * 23 22% 23% 12% 25 25 25.% " 11 Va 58 >A Aug 8% July 20 May " 26% Jun Feb 49% 30 42% 11 26% Aug Jun 44% Mar 34 Jun 41% 103A r- Jun 14/4 Mar Jun 30 12* n% 20% Jun 24 y8 May Jun 26 Copper Mining capital Ry CO_ Aug 13 Jan Apr Radio 87% •••'' 27% 27% . 25% '- — — 28 86 400 10% July 143/4 Jan Jun Jun 19% ■ ,100 A .... 3% Aug Jun 10 700 ' 35 23% Jun 33% 10% Jun 200 ■9% Jun 11% 1 200 12% 11% 1,300 10 Jun; 5% 6 400 8% 600 ll Jan 14% Jan *•'13% Jan 11% 5% Jun 7% Jan v Jan 103% Jan 12%; 13% 3% Jan 26% Jun May 12% — Apr 8% Jan 97/a Apr Jan A May A*7 % • 37% 37 38 800 34% Jun 397/a Jan 5 — Co 14% 14% 14% 800 11% Jan 14% Aug 1% 1% 300 3% Jan 7% 7% 2,900 13% 14% 11 500 • Graham-Paige Motors ——I.....——L Laclede Gas Light—. —4 600 4% Jun 7 Jun "7% 5 capital —_• Car —... . 10% ■ • 3% 1% May 4% July " 73/s Aug Jun 15% Jan 600 9% Jun 13% Jan 390 A 4 10 3% 3% Jtua 4% Jan 5% Mar 10% 17% May 11 7Vb .200 mmrnmc. —1 5% 138% Jun Jun 2 % Feb 9G0 29% 87'A 1 Utility Corp Motor 10% May 93A July 400 .. 13% 25 8% Electric Jun 9 400 3% 10- 9% 13 % 25 Certain-teed Products Packard 100 / 50 10 100 —— 20% Aug 2,100 3 3. 9% 13% Bethlehem Steel common new.-.-...-* Public 79% 10% 50 ' Jan 73% July [ 1 Atchison Topeka & Santa Fe— Pacific 45 550 12 Jan May 20% 11, 5 Jan "300 10% 11' Jan 13% 1,400 ,/ 75.. 103/a com—* San Armco Steel Corp Canadian A. '75 2 ''*&'■ Feb 9% 103A pfd—_* pr Jan 41 - 100 v 30 Anaconda 20% May • Jan 43/4 Mar Feb 9% 700 36 293/4 L7 — & St Feb 100 1,300 100 Inc Lines 18% July , Jan 163/4 200 Air Farnsworth Tele & Low % 6% Jun \ 13% Radiator 15% 8 24 43A July 40% American 200-*/ 19 19 150 13JA American 500 8% 2,700 4% 58 'A Alleghany Corp .—...1 20 144»/8 146% Apr 22% A 18%) 145% 13% 40 . "A 19% 19 100 10% Jun 29% 10 Stocks— 18 % common- 100 (new) —• capital-— "V.-r 1V 18 % common American Tel & Tel Co capital Jan 11% •• common......* common Generai High 5'/a 28 V* 43 common cum Nash-Kelvinator Corp New York Central RR 5 41% Aug Apr 26% Mfg com 20 10 iw—1' —... Castings Laboratories Allied — common Advanced Alum - Range of Prices Jan Jun Jun 22 ■A 9% , Bankshares General Sales for Week Low 11% 9 34 T Curtiss-Wright STOCKS— Jan Jan 50 23% Continental Motors Week's 8 29% 500 11% dep Columbia Gas System Inc Friday Jan 1,400 A/ 43 (new) common Westinghouse 493/4 - S Steel Lines Jan 13% Jun 70 128 Jun 22% Aug • Union Carbide & Carb capital * Co_—— System Inc Westinghouse Electric 14% 36 5 50 11 36 25-' United common.—25 Co Machinery Rubber 14% 351/4 36 5 Drill— Twist 14% 18 • of La Salle St Corp Unlisted «' Stone & Webster Inc.— • 40 100 41% 3%; 25 — ctfs United 108 100 •A'.';; 50 stock Co Jan Aug Jua 4% 4% capital Jan 45c 14 4% I;* As 6 24% 87% Jan 96 , Jan * - (The)_, Texas.- Co 25c Apr 10 99c 173/4 41% 5 ; 153/4 Jun 587 99C Jun 4% * 208 South 79 151/a • 14 ys Jan 8 15% Tbor Corp —AA-. A~. ——5 Trane Co (The) common^,.w^.u...v2 27c 96% 4'/8 —10 Reece Folding Machine i: ; , International Co 10% May 8% Jan 143/4 14% 500 —1 common Mach Tool common 41% Feb , Aug 14% 96 ——— Pennsylvania RR- Jan 15% 9% 21% 5 common— Corp 113/a May 34% July A; 19% 4% ■ 300 Jun 11 ,.5 Corp common 200 Jun Jun 20 Sunbeam 27c 6% 40% 25 Aug 87 Jan Jan 6 Va 6 —1 capital 353/4 Mar 27c ■ Mar 16% Xl 1% Dredging common 66 Va 85 2.50 59 313/4 31 Jan Jun 19% Aug 1,128 Jun 24% Aug 100 25 capital Jan 10 Jun 25 250 *24% common Works 29 9% 47% 400 .—.*' 53% 13c Jan 4% Mar 8 —*' common 20 — 25 May 7 22% Steel, Strap Society Jan 88 Aug 10 3 17 - 243/i • 75 20 Jan 14% 15 1 capital common.— 131 8 8 634 * 63% 39% Jan 14% 17 1 common 193/a 13% 1 — England Electric System Quincy 8 63/4 50 34% 8 5 England Tel 1 63% — Jan 11 Apr 21% 150 5 Sheiimar 3% Aug Jun 75 20 2% Aug 11 50 25 25 U New 53% 28 24% common- Sears 10% 10% —100 National Service Cos 53% 28 * Apr 283/a -29%' — — Narragansett Racing 200 533% 10 20 363/4 ■ * —; Mathieson Chemical Corp 90 common Swift 5% : 400 3% Sangamo Electric Co common Schwitzer Cummins capital 48 3/8 • Co_— RR common———.100 Maine Central 24% 3% Co 333/4 ... 37% Razor 233i —* 193/e * • Copper 500 Jan 24 51% Aug 3% Aug A'A^TSAA 75 • Stores Electric Kennecott 53/4 July 12% common Jan 5Va Jun - 239 61 75 Lines Inc SS 1,250 * Jan 17 143/8 July 40 3% — 100 —100 Employers Group Assoc—— National 7 11 common Standard Oil of Ind First 6% prior preferred South 6% Jun Mar 7% Ry— 6% Apr 13% Sinclair Oil Corp —— Mass 19% 1,000 10 common Car Manufacturing Pressed Jan 6 Aug 29% July 48 52% 43 Aug 4 100 4 Associates— Common Eastern Ward Standard American Signode Eastern Co Peabody Coal Co Jan 3% 110 5 4 —10 —j— — 36 — — * — Hecla & 37 100 pfd stampedpfd unstamped- —100 1st A D 1,100 2% Pennsylvania RR capital— prior preferred 5% High 23% 2% 43% Mar .. 12% Low 23% 1 vtc common common Chemical Monroe & Maine Railroad— 1% Mfg 23% Range Since January 1 High 5 capital Inc Shares Low • common preferred— prior 5% Boston Hart for Week Jan Jun 25% 200 Jun 22% 262 29% $1 40% Aug 32% Mar A 138 3,075 Miller & 104 108 .. 100 4J Va Aug Co & West Corp 42% Boston Elevated Railway— Stamped 343/8 Mar Field 110 28% 11' ■ 43 - High 405 - 26% A 24% -110 25 Boston Edison 40% 144% 1463/8 25% Par Middle Low 50 ' ■ Marshall Shares;; Range Since January 1 41'/a 37 100 AA; 'cAAA/v:,-; High 40% .r/.i I—100 — American Woolen Bales for Week Range Sales Range of Prices Sale Price Jan 20 Aug 150% Jan Pan American Airways Corp.. Paramount Pictures Pepsi-Cola Co Pure 9% 9% 20% 213/e '9% 9% A * 28'A A 29% •V; • 10% 2% . 1' common 21 Va Oil, Co (The). common—.; Armour & Co common 6V2 6% 1,600 5 Jun 7% 1% 1% 700 1 Apr 1% Jan 4% 4%, 400 4% Jun 5% Jan Radio-Keith-Orpheum Jun 2% Jan Mayv 7% Jan Republic Steel Corp common Rexall Prog Inc—..... 200 8% Jun 105/a 600 193/a Jun 21% Aug 200 8y« 25 Jan 12 Apr Jun 32 Apr 800 Apr Jan Asbestos , •9% 33 Va —J Mfg Co common Athey Products Corp capital Washer Automatic Ave© 4% common- Barber Co (W H) common— Bastian-Blessing Co Mfg 1% 5 6% 22 22 Aug 32 100 25% Jun 11% 11% 100 11 Jun 20 6% 6% 107/e ^ 300 10% capital—— Co 150 300 32. . Mfg Co common Berghoff Brewing Corp Blnks 2% 5% 22 common Belden Corp of America common 11/A 500 9% Jun 8% 8% 100 7% Jun —* 20% 19% -20% 600 17 y8 Jun 2% 4% 4% 4% 200 —1 i. ; 14% Jan . 9% Apr 27% * Jan ' 2% 5%, Mlg Corp__T Radio 250 4% 10 Jun Jun Schenley Distillers Corp. Feb Jan Socony Vacuum Oil Co Inc 15% Feb Standard 73/4 Jan Standard Steel Spring 13% A 29% j3A 26% 363/4 - 300 29% 5% Apr 4% Aug 25% 30 Apr Jan Jan 15% 15% 25 16 67 ——15 ; Oil of N J——:— 67 Studebaker 16% 300 10 10 10 500 9 Feb 10% Jan Sunray 48% 48% 49 400 43 53% Jan United 17% 17 150 14% Jun 22 Jan Wilson & 200 6% July A 13% Jun 12 900 23% 10% 10% 800 •4% *4 " 4% 3,800 Jun 9% Jan Feb A 24 Aug liy* Jan Jan l3/4 Jan, J6% Aug ; Peb % Mar 163% 23 10% Jun 73% Jan 173/4 12 1 Corp Bruce Apr 16% 60% Jun, *• Corp common————1 (George W) Corp. Borg-Warner Corp common. 17% Jan Jun 100 "" 1 14 Ym 1,100 ' Borg Co (EL) Burd Piston common Ring common Burton-Dixie Corp Butler Bros Central H — * Service 13—5 Inc Doehler-Jarvis Flour Mills Four-Wheel 600 300 15% 15% 50 11% Jan 15% 11% 11% 1,000 10 Va Jun 12% 10% 200 9 Feb 116% 16 111 Jan 116 A/.': 2'/a 51% 52% 600 453/4 Jun 57% 51% 300 39% Feb 51% Aug Jan Drive 15% 18% 950 27% 27% 3,200 28% 28% 28% 300 100 5% 30% 30% 30% 100 26% Jun 3% 3% 3% 1,300 2% Jan 3% • 10% Aug 10% 200 9% Jun 12% Jan 10 4% 4% 150 4 Jun 5 - America 15% 27% 1" Inc Auto 6 6 15% Aug 28 % 25 Jan 273/4 Aug 22% Jun 31% Jan 7% Jan Jun 303/b Aug 6 American Paper Churngold Corp Finance General Motors Corp Corp 1 common Gillette Gossard Great Safety Co Lakes Hammond Hellman Razor (W H) Dr & Brew Dk • 15 153/b 750 common new 11% 11% 350 20'/a 20% 600 45 20% 25 10 Katz Drug Co common Kellogg Switchboard common Cine & Sub 45 85 Dow Drug ; 125 aa-aa10 : ; *'A 153.: 13 24% 25 A 19% Aug 12 . Feb 15% Jan Aug 5% 28% 106 4 "A Av 4% 168 4 Jun 36 63 Jun 76% Jan 11% Mar 12% Jan 8 Va Jan „AA,„ 73 741/4 12 A, 12% 5 '8 July 26 ys —*< 12% 7% 7% , : 277, 10 :*'AAis V 19%, 19 Va 10 Apr ' Apr 30% Aug 7Vz Jan 6 Feb 15% Jun 19 % Mar Jan * 29% Aug - 24% " Jun 10% July 14% Jun 8% Mar 32% Jan Formica 17 Jan Hatfield-Campbell common Kroger Co common- Insulation 15% Aug Procter _• - _* Rapid Electrotype 15% Feb 113/a May 20% Aug 43 Aug 53 Jan Jun 11% Jan Jun 18% Jan ft 23% July 26% Aug 263/4 200 23 27% Jan Chesapeake & Ohio Citfes Service Feb 73/4 Jan Jun City Products 15% Feb Columbia 7% 14 13% 7% 14 American 150 300 Line 5 22% 22% 100 7% 500 6% 10 6 3/4 Jun Jun xl4% July 213/4 Aug 7% Aug American 63 11% 114 Jun 6 10 Jan 43 y8 553/8 Aug Feb 9/4 Jun 68% Aug 11 % Jan 7% Jan 19% - Jan 573/8 A 781 11 % 11 % 23 150 100 -:a;A 177 68% A 68% * 26% American 54% 54% Jun 27% Jun 150% Jan Stocks— 400 7% 13 ; : 6 0 6 " Gamble.. Unlisted 29% 29% 29% 54% Airlines — Rolling Tel & — Mill: 9%A 1 10 22% 100 .1453/4 25 31% 10 Tel 52 ( Feb Jan Dayton Power 138- 10 Va July Jan 1 & Light — 7 115 29% Jun 34% Jan 52 27 37% Feb 52 Aug 283/a A 28% 8% 31% 50% / 4% 287 28% 143 11 .* Southern Curtiss-Wright 23% 40 ,67. 146% 31 Va Gas Commonwealth & 16 9% 23% ,22% 113/8 145 * 25% Jun 171 93% Jun 4% 149 3 Jan 8 Va 8 Vo 50 7% Jan 28% 28% 25 26% Jan 4%, - / 25 Jun 51/4 „ 100 25% Mar 18% . High 28% 4 —A—---.-A.*' common 26% 300 42 _50 Yard Eagle-Picher 26% 16 Co - Low . Jan 500 13% Aug 93/4 300 1 oave x63% Jun 10% 7% ape 6% Mar Jun 6 Stock 17 7 footnotes Tel 15% Llbby McNeill & Libby common Lincoln Printing Co common For Bell Union 10% 1 • 25, • 25 26% common. * - Electric common_8V2 Street 17 _ A Gas & 26% common Lt 1 1 cap common L - Cincinnati Cincinnati 20 13 - Range Since January 1 High 19% 19% 8 preferred—9 Jan ' 200 common Jun Fibre 11% Jan 52; 200 International Harvester Material 5% 40a 12% capital & 300 2,650 29% Co Pr 8% 12% Illinois Brick Indianapolis 8% 28% common Co Tool 6% 61%* 62% ♦ Bartlett Pneum 8% • Hibb Spencer Indep 62% 1 common Instrument Co (G) 6% 10 common Gibson Refrigerator Co common & Shares Low __20 ; Champion Jan for Week of Prices par Laundry Mach Baldwin Cincinnati General -A:- AYs Aug,:. ., Sales -Range A Last A VA;-- Jun Jan Exchange Week's Friday STOCKS— Jan 50% Yt 11 Cincinnati Stock 113/a May 116% Aug 9 2% —* common Sale Price 10 common Co Apr 10% Corp Aug 11% 6% 5 Corp class A of 77/a 25 common Corp Credit 150 25 Commonwealth Edison Domestic 16 10 j. Crane Co common Dodge Mfg Corp o 1% pfd—— common Co (The) Xl5% ••' 7% 1 (new)— Co ■} 1% ■ >_ common— Chrysler Corp Coleman 17% . 1% 1 common preferred W 8 o 7% Corp Chicago Corp common Chicago Towel Co con Cities 16 .. common Secur Convertible Central & 8 Oil 29 12 r 5 ye Apr Apr Aug 10 -- -'Apr 30% May THE Number 4831 Volume 170 COMMERCIAL & FINANCIAL CHRONICLE (719) 35 OTHER STOCK EXCHANGES FOR WEEK RANGE Friday Par Federated Packard 14 127 1 75 10% LaSalle 10 13% Jan McAller 4% Jan 15% 9% 9% •r' 47 •W 5 8% 29% 27% 29% 51 25% 10% 11% 91 9% 15% 15% 159 20% 20 % 20% 68% 66% 68% 25% 26% 22% Corp Oil- 22% .15 J)_ Vacuum 25 Brands Standard Oil (N Standard Oil (Ohio) Steel Aug Feb 14% —33 %c 10 (new)_. Kresge Co 62% Jun Low American Tel Tel & £ .100 (Un)— Chesapeake & Ohio RR (Un) —• • Products Cleveland $4.50 Corp Cliffs Iron Cleveland Consolidated Natural 3% May 5% 5% 12% 12% 13% 3% 3% 3% 7 od 3Va July 3% July 2 2% 6D0 2 July 2% Jan 3% 4 565 3% Jun 4% Jan 2 Aug 3 Jan 12 Apr Murray Apr National Jun 14 Jan Corporation Electric Welding com. National Stamping _i 1 14% Jun 17% Jan Packard 17% Apr 21% Jan Park 60% Jun 78 Jan Parke 340 20% Jun 26% Jun 24% May Bumper Motor Car Chemical Davis 42 % Mar 95c 7 Aug 2.00 Mar Feb Sheller Low 117 94 11% 11% a43 % a43% a5l% a51% Jun 150% 34% Jan Jan 29% Jan 3% Jan 2% 737 1% Jan 31% 410 18% Jan 2% 300 2% July 4 Feb. 5% 550 5% Mar 6% Jan 5% 31% Aug 1% May Tube class Axle 1% 200 1% Jun 11 % 11% 725 10 Vb Jun 12% 1 B 1% 11% 15% 15 15 % 3,350 11% Jun 15% Aug 1 common 2% 1 „ 5 common 2% 17 17 „ Jan 18% Jan Jun 10% Mar Jun, 14 182 2"% Jun 2% 400 \ Jan 2% Mar 2% July 200 2% 2% 1 common I V Corp 1 4 1 15 15 & Co common Aircraft Warner Wayne Screw Products common 1 >V.r V 42% Jan 36% Mar Jan Jan Young Spring common.. * __ 38% Jun 43% 21% 30 77 72c July 1 May 500 93c 1% 1% 700 221 % 22 % 100 17% 15 Jan Aug 1% Apr 1% • Jan 22% Aug Jun 52% Aug 60 Wire 6% Jun July 46% Mar 75 & 3% 13 2,100 15 90c 1 common 16 300 4% 4 Walker 8% 820 8% 8% 8% United States Radiator common 76 63% 47 Udylite Jan Jun 10% July Jun 100 __ 10 Timken-Detroit 25 440 71 r 29% July Jan High 29% 138 ;r 24% Aug 2% 2 __ 5 common Manufacturing Standard 71 Paper 200 628 29% 13% Jun 30% 2 » 2 Superior Tool & Die common Range Since Jannary 1 91 1 _ Scotten-Dilion High V:Y Manufacturing 29% 10% 515 , 5% Aug 5% Aug 200 2 2 * Products common Raisin 3% 1 .1 & Co common.. W) Y^Y1 YV- • common. common Brewing (H 1% 10 1 2 common Metal Peninsular Sales a39% a39% 36 Jan 20% Shares 15 (Un) Gas 2% Mar 31% Jun Jun for Week • common 100 1% 3% 1% 50 20 Electric Ulumin 3% Feb 11% 100 1 common Jun 71 1 common preferred 2% May 1 a28% a28% __ Feb _, 1 a31%a31% „ 1% Michigan al44%al4G% - __ -25 City 400 McClanahan Oil,. 3% 14 Cleveland Stock Exchange Par High 160 1% 43 Week's Range Low 42% 1% "■'•'.>24 of Prices Range Since Jannary 1 42% 17 % Mar 50 Rudy Last Shares High Low 10 common River Friday for Week Range ef Prices 2 (S S) common— Manufacturing Pfeiffer Sale Price Sales Week's Last Sale Pries Wines Rickel STOCKS— i , .. Par 29% 11 3% .. . High 24% Mar " 3% , ... 50% July i4% —50 Standard S 28% 62% Car Pepsi-Cola Pure Oil U 28% 107/8 Motor Socony Low :€1% YY:—Vi Pennsylvania RR Radio Range Since January 1 High 61% __10 Central York New Shares 28% Stores- Dept Motors General stocks— for Week Low i 19 Friday Range of Prices Sale Price AUGUST Sales Week's Last STOCKS— ENDED 40 ■ YY duPont (E I) Eaton (Un) Controller Erie Railroad * (Un) General Electric General Motors Glidden Co a26% a26% 2 Manufacturing Electric • : 80 .« , 810% all % Jan 40 Jafi Los Jun 51% Jun 17% Jun 21% 34 Jun 45% Jan 25 Feb 35% Aug Alleghany Mar 77% May Allis-Chalmers a61% a62% 67 a20% a20% " 90 a39% a39»/8 30 20 5 75 U Angeles Stock Exchange Jan .10 (Un) Feb 14% 34 182 a36% a38 Jan 94 9% Jun 51 » 1 32% Jun Aug .10 (Un) com 77 80 Jun Sale Pries ' (Un)„—V-,—- Goodyear Tire Lakes Great " • & Rubber Towing Too com i - V * Hanna - % * c . Rayon 35% i 77 77 77 ' r al05%al05% 2 1 (Un),. a43 '/a a43 % 70 104% •'AprV 107% Aug 43% Aug 33% Mar 32% 32% 32 7"*» 13% 13% 150 IIlO m 9% 325 * * 31% Metropolitan Brick inc,,-,.,4 4% Interlake Steamship Kelley Island Lime & Trans. Sessions Lamson & 32% 31% July 11% Jan 8% (A B cement Portland G) class - 50 31% 26 Y Central Co Oil RR Pennsylvania Radio (Un)—, RR Richman & __Vy ■f Apr American Smelting & Ref May American Tel & Tel Co -25 Woolen S Warren 100 3% Jun Refining 52 9% Jun 13% Jan Atchison Topeka & Santa Fe a23 Va a28% 50 23% Jun 33% Jan Avco 14% Jun 17% Jun 14% Jan al5 27 21 19 Copper Mining Steel Corp (Un) ; 26 Co & 17% Jun 21% Jan Bandini Jun 27% Barker 40% 358 37 Jun (111) 70 40 (Un) common— & Ohio Co Corp 33% Jun 41% Aug Barnhart-Morrow Consol Barnsdall Oil Co (Un) 14 % Jun 17% Basin Oil 224 60 Yt Jun 74y« Jan- 166 20 Jun 26% Jan Blue a39V» a40 ; 10 , . 124 -. 34% a63Va a63'/s 10 — 45% Jan Jun 42 Jan 20% 49: Jun 33% ..<• 275 1% Jan Jun 1 % May 53% - 24% May 1% Jan • Jun 74 Jan Aviation Corp Bendix Diamond Watling, Lerchen & Co. Bolsa (Un) Chicago Stock Exchange Exchange &9% alO 160 8% 9% Allen Week's Range 200 2% common 1 v -V-U^ 5% Feb 7% Jun 5% $4.50 Power common —1 . Bros Davidson common Cleveland Detroit & Detroit — Industries common Manufacturing class General Goebel B__ Finance common Motors Brewing — 1 Hoskins Manufacturing common— -2% Howell Electric Hurd Lock & For Motors common— ..5 Mfg common footnotes see page 1 42. Jun 395 5% 7 . 6 30 Aug 10 106 Feb 100 240 5% Y 22% a50 130 40 3,125 10 5% Apr 7% • y Corp Pacific Ry Co 3% Aug . ;Y 6% May 11 Co 20% Jan 3% Jun 7% Aug 5 11 % 3% 3% 5 , 11% 3% 3% • 2% July 17 July 520 5% Jun 240 52% Jun 100 110 400 200 210 1,665 25% Mar Jun 10 310 38% 49 395 46% 7% 4,147 - 9% 9% Y' 275 Y Feb Jan 44 Aug 53 Vb 5% July Feb 44 49 Jan 10 Jan 10 Vb Aug 24 6% July 7% Jun Apr a32% a32% 73 32% May (Un) (new) 13 13% 885 10% Jun 14 % (Un)_10 a31% a31% a31% 180 28 Jun 29% July 10 13 Apr 105 a50% a52% V210 44% a52% a49% a52 % 161 38% Feb Jan 56% Jan 48% Aug ; 19 12% 100 15% Jun 19% Jan 11 Vb 360 10 Jun 11% Apr a27% a27% 197 25% Jan 27% Aug 5 9,948 15% 15% a27 % 11% 11% 25 4% 1 •Y 3 - 1.05 150 95c 25 25 Vb 270 10% 6% 1,797 14 • 9 • 1.80 21% Mar 13% 14 Y-5 Jan July 1.05 25>/b Liquidating Corp 9 8% 17% May 12% Jun 1,324 21 11% 225 Feb 11% Aug a26 138 22 Jun 27 Jan a6% 75 5 Feb 7 Jan 7Vi Jan 9% Feb a8% 91 a20 15 20% Aug 23 19 19% 400 17% Aug 21% 8% Aug 57 Jan Industries 30 Aug 109% Aug 8 Inc Co (Un)Electrical Products Corp Electric Bond & Share 1 FAR Fitzsimmons Stores Ltd 22% Aug class A ——2 • • Corporation Electric Co (Un).. General Foods Corp (Un) — Motors Corp common— 3% Apr General 20% Jan General Public Util Corp 6% Feb Goodrich 9% 50c 5 4 1 1 1 Co Ltd class A Liquidating Corp Exeter Oil Jan 10 5 • ;'pVY al5% 12% 1 6% 63 Mar Aug (B F) Co (Un) Goodyear Tire & Rubber Co common—* Graham-Paige Motors Corp (Un) 1 Great Northern Ry Co pfd (Un) * (Un) 5 Apr Hilton 14 Jan Development Co Hudson Motor Car Co 3% July 6 3 4 Mar Apr (Un), Hotels Corp Holly Hunt Foods, Inc. 3 5 1 —12.50 6.66% 13% - V 7% V 38c 34c v.- 52 al5al5% 12% 431 3,500 % % Y65% Jan 54% Mar 8% 7% 300 "( 12% July 13% 31c 65c Aug 10 a38 448 34% Jun 44% 163 41% Mar 61% -■ 14% 561 12 11% ,Y 52% Jun 11% Jan , Jan Jan 13 Feb a367/a Mar 39% ~ mmm* ,_ 63 62 752 14% 241 a59% a59% 10 1% 40% 1% 400 39% 100 36% Feb 39% all% all% 130 10% Feb 12 40% 1% all% 118 a— 34% — Jun 1 % May Jan 43% May 39% • Jan 7% Aug 44% 12 a37% Jan Jan 8 % July 7 Feb 15% May Feb 11 200 7% Jan Jun Jan 11 a25% (Un)—• — Apr 5 10% Apr 10% a59% a59% a20 common Greyhound Corp Jan Apr 14% May a8% Corp 9% Aug 5% Aug 25% Aug 1 Jan 7% May 600 10% ■ a 8% Vultee (Un)„ (Un)— Jan 250 al6% al6% • Corp Jan 13% Jun all% ♦ 20 common 32% May May Jun 10 Iron al2 a52% 1 General 100 9 5% Jun 18% * 25 com,, (Un) & Garrett 200 Y Aug 100 24 Class A Feb 7% 6 Jan 6% 5 1,434 20 , 25 Curtiss-Wrlght Aug 4% 61% 34% Mar 33% 30 Aug 6% 4% Y Jun Jun a6% 7 100 ■ 27% 6% 6% Jan a22% a22% Products Corp Fuel 18% 23% 44 'V 75c 48% July 93 5% __ Jan Jun Aug a6% Jun 1,350 9 - Jan Jan 239 20 „ 21 1 -5 • Jun 2% 6 UV2 4% ! 27% a30% a30% a30% Apr Jun Jun 25c 1.000 28c 15 % .10% 1 15 Publishing Co 5% 18 % 61% -- 10% Jun Jan Apr * Zellerbach Crown 4% y 25,575 4,791 . Jun 7% 4% ~ 5 Hall Lamp common Mar 2% 1 1 common 7% ■;. 46- 18% — - —10 common 30 6 22 .1 1 Gar Wood General _ 140 , 6% 22% 1 Fruehauf Trailer common 51 5% Y 6% —20 Frankenmuth Brewing common — —— 5 Navigation— Edison Gemmer * 1 — v 109% 109% •rW-v — Continental Motors common 157 8% 30 * wd preferred - 51 mmm. Chrysler Corp Consumers 8% — — -25 12 High Feb 177 1,300 3% •> Dresser Rubber Baldwin 7% a59% Curtis Low 11 10 VB 11 496 10 —5 Creameries of America Inc Range Since Jannary 1 High 5% • 2 2.50 . Aircraft (Un)—1 Continental Oil Co (Del) (Un),__ 5 Shares 3% —1 common ■■■■; a49% * Packing Consolidated for Week Low l Electric 27c 27c Sales of Prices Last 16 % 400 3% 16 (Un) Columbia'Gas System Inc (Un) Commonwealth Edison Co (Un) Detroit Stock Exchange American Metal Prod -7% 245 9% 3% 3% 6% (Un) Co Consolidated Altes Brewing Jan Jan 95%. Mar Jun WOodward 2-5525 Par Jan , Jun 1 Commonwealth & Sou Corp (Un)—• Cons Chollar Gould & Sav Mng 1 Consolidated Edison of N Y (Un)—• Consolidated Engineering Corp, —l , Jan Jun Y 5 (Un) Corp Borg-Warner Colorado DETROIT Building Y- Y .Jun 82% 900 6% Preferred Friday 5 300,, , 156 2 5 (Un) Co Borden Cities Service Co New York Curb Exchange ; Y Jun 35% 27% 7% Jun 20% 27% Jun 25% 1 5% 27% Chrysler Corp Detroit Stock Sale Price 280 5 Corp Caterpillar Tractor New York Stock Exchange . Feb Jan 23 140 398 20c 5 Chica Oil Corp Certain-teed Members : 54 150 5% • 27% Eoeing Airplane Co Canadian Y ; V- 6% jf 6% 6% 1 — Co— California . Jan Jun Jun 42 138% a87%f! A87% a87% .•V. •„«!' Bethlehem Steel Corp (Un) al6 " .1% , *■' 29% 29 % a22% a23% 10 RR Co Petroleum Bros a66% a68% ; (Un) Byron Jackson Co v 14% ■ Jan Budd i Jun a24% a25 % 29% 13 100 1 a25%a26% , •'"Y..y Y ;; ■(;. .X-' 10% 80 (Un)—.—3 1 al6 STOCKS— 310 1,691 5 (Un)—100 (Un) Broadway Dept Store j,,r 12% Aug 13% 43% Mar a40% a42 \ ; Telephone: Jan 144% 144% a22% Locomotive Works Baldwin 17 , a22% a22% Ford Jan 8% a47% a48% (Un)__30 Co Manufacturing Corp 112 al9% a20% -2 Chem 7 Jan 9% ■ ; & 100 100 4% Jan y- Youngstown Sheet & Tube YV V 13% * • 4% a39% a39% (Un)— Steel 10% July alO &12 * (Un) Co Anaconda 40% ! "» Y- 29% Aug 11% Jan Armco .10 Thompson Products Inc Union Carbide & Carbon 3% May Jun al2 • 100 (Un) Jan . „ Standard Oil of Ohio common U :> "15 Co (Un) Standard Oil Co of N J (Un),— Oil Socony-Vacuum * (Un) (Un) AUg' 19 ' „ Jun 27% a9% • San 40 al0% all • Sears Roebuck & Co (Un) St & 33 40 ; al5 ,VY Bros ] (Un) Jun -5 Eng. (Un) High 2% 325 July * (Un) Republic Steel 29% Inc Radiator Baltimore Electric Reliance 29% 32 % .50 (Un) 29% alO% all% .50 Corp of Amer (Un)— * 150 40 _* - (Un) (Un) 14 Armour N Ohio 3% '■ American McKee Medusa 3 Va 35 Jun Low 3% American Power & Light Ameircan • Range Since January 1 High 1 Mfg Co Airlines Shares 225 (Un) Corp for Week Low Par ■ American * (MA) 4 % preferred,- Industrial 34 .100 Preferred '* Range ef Prices Last stocks— Sales Week's Friday 63% Aug , Aug 14% Aug a— 45 3% 9% 4% Jan Jan Feb July Jan 9% 875 8% 1.95 1.75 2.05 4,900 1.70 Jun 12% 12 12% 764 9% Feb 13% July 9 9 200 8% Feb 11% 9% Jun Jap Jan " 36 THE (720) COMMERCIAL & FINANCIAL CHRONICLE Monday, August 22, 1949 OTHER STOCK EXCHANGES RANGE Friday STOCKS— Lut Range Illinois Central RR Co (Un)—; Independent Exploration Co Intercoast Petroleum Corp Share* i' Low 27% 10% 10 % 10 1.25 1.10 11% 1.25 Philadelphia-Baltimore Stock Exchange Friday High STOCKS— 530 27% 33 %o — 22% 5,330 2,300 7% " 95c Feb 29% Nickel International of Paper Can Co (Un) (Un) • Feb July 1.50 Mar Par 42 Va 47 31 a8% a8% 125 8 Jun 11 Apr 4 4 4% 2,930 4 Aug 9 — 15 a 15% 15 Aug •" 9 47% 43 39 —; 47'/2 47'/a 256 385 42 'A 42% 1,245 a Jun Lt Co (Un) Baltimore May Jun 46% 5% Jan Transit Petroleum Locxheed Loew Los Aircraft Inc s a7% a7% 14 5 Jan a23% a23% a7% a24 a7% 50 20 Jun a7% 10c Co 1.05 1.05 1.25 3,112 Corp __ 1 (Un> 15 6% 7% Aug 26% Jun Budd al8% __ • a 19% 90c 125 Merchants Robbins 17% 360 14% 24%;, 345 20% 22 Jan 24 % — 1.45 Jan 17% 20 Inc.——18 Petroleum Co Jun (Un) a36% a36%. a36% 1 Montgomery Ward Si Co Inc Chrysler 1.30 • 1.25 a53% ' 85c National Corp (Un) Nordon Corp Ltd American Aviation North American (Un) • 11 Apr 1.90 8% 505 6% 17% Jun 11 350 1 0c 9c 10 8% Aug 20 % Aug 9% Jun 405 10 Cons———10 17% 20c Jan 11% Jan Jun 4; 8% Jun 192 16% Jan 46% 130 46% 14% 335 12% 6 . 46% 14% — Ry Co (Un)....—100 Aircraft Inc 1. 17% 6% 995 6 Oceanic Ohio Petroleum Oil Pacific Gas 6% Si Elec 5% 5% common Publishing Pacific 20 prefererd class A__25 div $4.50 Pacific Co Corp Oil American Finance Co • Jun Gimbel (Un) 25c July Jan 17 Feb Pennsylvania 25 (Un) 28 41c Si v Corp 30% Jan • com 32% Apr 33% Aug 35% Aug 200 30% Feb 32% Sun a29 ;/Y:Y * « 1 28% Aug 4 28% Aug Gas 51% 61 Westmoreland 398 50% Jun 25 101% Jan Mar 53% Jun 103 % Aug 35% 200 37/« 710 J a9 a9% 60 8% 21% 21% 1,377 19% 325 14 Va Jun 17% 32 Va July 3% Jun 41 Apr 4% Republic Steel Corp Reserve Rexall Oil & (Un) Jan 10% 24 / (Un) 39% May common.. Rheem Manufacturing 12 20% July 281 32% Feb Regis Paper 300 25% Jun 32 11 570 9% Jun 14 Schenley Industries Inc Seaboard Finance a8% 4% 4% 2% 2%' Roebuck Security (Un) & Oil Trading Co 17% Jun 27% Jan 3% Jun 5% Jan 5% Apr al7% Corp 4% 319 17 Va Jan 6% Jan Co class A 29% 29% 365 22% Jun 18% 19 738 16% Jan 29% AUg 19% Mar 40% 40% 499 34% Feb 46% 46% 41% Aug 154 43 Jun 50 Va Feb 35% 35% 300 31 % Feb 38% Jan 5c 5c 1,000 4c 1,307 20% Feb t. -- II !'Y 6% pfd cl A 800 12c Jun 428c (Un) of 1,499 18% Jun 24 15% 15% 491 14% Jun Y/li% 11% .17% 11% 410 12 Va 32% 32% 32% 2,733 29 Company (Un) Gulf Sulphur Co (Un) Incorporated preferred Tidewater Assoc Oil Co (Un) 25 - (Un) Corp_ Universal Consolidated Oil see page 195 33 Apt 36 V* - • Jan 23 Vs 4,820 24% 17 - 26% 27% 22% 23% . 27 % 28%'- 20 Va 56 23« 15 -■ '• 17 Apr 24% May Jan 25% Jun ;Y Feb 17Vb Mar - Aug 27% * • 23% * 28 233 22% Jun 40% 463 20 Jan 567 25% Jun 23% Aug 28% Feb 20% 58 59'/a 20% . 56% 57 17% 223 V' --247 • Jun 23% Jan 46% 52 ~ 59 Vs Jan Jan 59 Vb Aug 52 Feb 60 % . 4 3% 4 Vb 2 3,241 Feb Apr 5 Aug 22 Va 21%. 22% 30% 31% ] 22% Aug 1,072 18V* Feb 50 - 27% Jun 37% 37 Apr 54% Feb 43 Apr 61 % Feb Jan 40% 41'> 44% 44% $3,500 600' Sales Week's Range for Week of Prices Shares Low Range Since January 1 Low High High 13'/b 13% 10 11 11% 655 Duquesne 5 11% 11 11% 1,470 8% Jun 11% Aug 1 11 11 11 411 8 V* Jun 11V* Aug 20% 20% 110 33% 33% 20 31V* Jun 39% Mar x22% 22% 119 20% Jun 24% May 15 JUn 23% Jan 3% Feb Fort Brewing Pitt Brewing Harbison Walker Refractories Manufacturing Joy Lone Star Fuel Mountain __ 1 —.——— Suply 10 — 10 Fireproofing Corp__ * Pittsburgh Plate Glass— ; Pittsburgh Screw & Bolt Corp 3'/b 40 35% 10 34% * Steel 7Vb —1 Spring 9c 1 Westinghouse Air Brake Westinghouse Electric Corp . 11 __ Toy Mining— Standard 3Vb — Reymer & Eros San 17% 17 5 Brewing $3.50 pfd Pittsburgh __ com___* Co Gas Apr u 795 12 V* Apr 23% Jan 18% Jua 500 2 % July 335 27% May 42 35% 141 28% 35% Aug 8% Jan 3% 7% 75 6% July 500 9c Jun 10 HVb Aug Jan 6c Feb 16c 12 V* 1,000 July Jun Mar 16 26% 145 21% Jun 16% Aug 34% Jan 24V* — 16 26 — * 14% Mar Jun 9% Jua 42 11 Vs 9c 11 25% 213 20% Jun 26% 50 29 Jan 23% Apr 23% July Feb American al9% a20% 100 17% 21% Jan Bank 41 68% 41 C Apr Par Tel 1,447 Y 56 Va Jun 67% Aug Brown 568 37% Feb 41% Apr Burkart 72% Jan Clinton Industries Shoe 68 68% 361 62% Jun 16% 285 13% Feb 16% Aug Coca-Cola. 23% 500 16% Feb 23% Aug Emerson 10% a58% a 10% 1,292 9 Va Jun 19% al9Va 11% 17% Jun 19% Jan 49 Feb 58 Feb 14% Feb a56% a58% 23% 22% 11% 11 11% 15% 187 7% 8 312 a22% a22% ■U 3,652 15% 75 __ 25 31% *81% 23% 1,455 49 19% 55% May 64 4 31% *81% a82% 37/a 4 Low 144% 146'/a 444 29 V* Mar 32% Aug 32% 23 29% 29% 60 24%/ 35 — 24% 112 Jan 16 32% 22 24% 18% July 150% 9% May 32% .100 Jun Aug 22% 1 Bottling commonpreferred— High Feb 183 9 1 — ' 138% 16 150 1 common 17V_ Brew Electric common (Un) — General Motors common (Un) _. 25% Jun Jan - 100 112 12 16% Aug Mar Feb 8 16 Jun 23 Aug 24% Jun 30% Jan Jun 25% Feb Aug 113% Jan 22% 5 112 38% 37 V* 61% 62% 28 27 V* 29% 26 VB 26 26 VB 1 2% -10 23% I 39% Aug 40 Vb Jan 62% Feb Feb Jun 205.- 33 V* 62% 120 34 y* 273 52 y» 24 May — Preferred 2 Jun 2,110 19% Jan 2"% 2% 19 Vb -50 19 VB 43% 45 45. 100 23 1% 10 29% Aug July Jan 16 Jun 40% Jan 39% I f "/ Feb 2% Mar *\ 28 Mar Aug Mar Brewing Hydraulic Pressed Brick common- International Jun 25 Jun 31% Mar 76 V* Key Jun 86 Jan Laclede 2% Jan 4 Shoe Shoe 45 common. 45 Aug 2% Aug 2% 2% 7% 7% 100 7 V* 7% 2,180 13% 1 common 171 13% 20 13% July 17V* Jan 18VB 18% 105 16 Jan 18 % Aug 50 2% May Aug 41 Va Jan * common Gas common McQuay-Norrls 20 38% —5 Huttig S & D common 35 Vb - common Griesedieck-Western Jan 6% 240 23 V 1 Falctaff Jan Feb 20 72 850 a34% a34% 22'A 16% July 177/s Aug 35 Vb Jun 39% May July — 4 10 common 1 6% July 8% 5 7% Aug Jan Jan Feb 1,904 20 V* Jun 24 Va 49 1,415 35 Feb 51 al0% al0% 100 9% Feb Missouri Portland Cement North St American 5 V* Feb 12% May 7% Apr 186 21V* Jun 26% 4% Jun Jan Stix-Baer a48% a49% 7% 80 45 y* Mar 47% Jan Wagner 100 (Un) 10 18% 17% 18% 103 15% Jan 50c 5 V* 5VB 5 V4 650 3% Jun 20% July 5% Jan 34 Jun 42 10 May 15 Jan 350 25 class A common Louis Public Service 4% 6% 6% 100 a24% a25Va 4% a48y~ 146 Range Since January 1 High 17% 17% ._15 common 15% 10 1,740 48% j Shares Mar 10% 572 30% 03 3 for Week Low 17% Sales, Range of Price* 3 Electric Johansen 397/3 17i/. II .100 General 358 80 ~n Jan Jan 20 (Un) common Mfg 23% al9% Tel & rv common- Bldg & Eqpt common.. 16% V . Week's Last Sale Price 37% ,■>430 io Friday STOCKS— 27% July 67% 25% Aug 26% Mar - 30 12.50 St. Louis Slock Exchange 29% Aug 28 Va Mar 50 48% 42. 35% May 11% American Investment Co-I-IIIIlO (Un) r 24% • Jan II , Westinghouse Elec Corp (Un) IIIII* Willys-Overland Motors Inc (Un) I Co 42% Aug 20 * 35% Aug al4% al4% 10 II" Jun Last Co 49% • Warner Bros Pictures Inc (Un) Western Air Lines Inc 17% 32% •14 Columbia Gas System Jun 65% 10 Steel Blaw-Knox .32% Aug . Rubber Co Jun 150 17 %'; Par Apr 20% __ Corp 2,374. 2,920 42% 22% 22% *; Friday a32 '/a a32% 50 r®™icmR? Co (Un) Corp (Un) 18% 15V* w 35 Sale Price 32% a64% a65Va (Un)__• common Jun 18 V* 14% Pittsburgh Stock Exchange 33 Va * "5 IIIl (Un)III* Union Carbide & Carbon Corp 16% 8% Aug ' 1975 — 15 2 Century-Fox Film Jan 1975 4s 5s series A_ 501 • Trancontinental & Western Air Tri-Continental Corp (Un) California I Jan 27 Va 200 10 Corporation 11% Jan —20 Baltimore Transit Co 41% 41 Va 1 Textron 796 29% 945 25% a35 % a35% • 25 28% 4 33% Aug 9% Feb 4i 1,065 25% 25 29% 28% 25% 29% 29% Yt. I , Jun 6% Apr 25 • Sunray Oil Corp common.. 4%% preferred class B Jan 6% 1,535 Apr Jan _• Calif 17% 370 8% Jan 22% • .Studebaker Corporation (Un) footnotes \v, V 21% • For Feb 22% (Un) W) I al7c 25 (F • 32% 23 Woolworth ' 32 (Un) States July 10c Y al4c (Un) Gas 8% Mar 4 al7c Standard Oil Co (Ind) 8tates Aug 32% Standard Oil Co (N J) Stone & Webster Inc United 25 _l Standard Brands Inc (Un) United 10; 1 Il5 com Jun 8'/* BONDS National 24% a6%, • Co Calif Gas United Aug 6% Jan • Calif— Southern Pacific Company Southern Railway Company United 39 Jun 24% 25 E° °n, 19% Jan a6% preferred of Jan 100 4.32% Oil 25 4% 25 Union July 4% 25 Twentieth 16 4% 25 Transamerlca 4% Aug 58 3,570 preferred Texas 225 41 39 preferred Texas 17% 35% 25c _ Co of Co 4% a 385^ 4.48% Oil 3% May 661 4.56% Standard Jan 4,647 preferred Southern Mar 5% 18% 14% 42 -13% Coal Apr 6 20% 15 Southern Calif Edison Co Ltd 4.88 % 9 Jun 2% 145 Jun 3% 4% • Oil Aircraft Y 7% 4'/a 19% 30 Corp Socony-Vacuum Oil Co Inc (Un) Solar 4 5 1 Corp Signal Oil & Gas Signal Petroleum Sinclair 29 10,230 20% 1.75 Company Union Sierra .■ _5 Co 12 % 63% Aug 8% 15Va > Jan 1 (Un) 20 Jun Jun 7% 18% - Apr 5 Co 217 Aug 51% 36 Va May 28% ._• Safeway Stores Inc 204 1,125 " Improvement Jan 1 Co 62% 14% • 53>;t Jan 50 1 Richfield Oil Corp common Ryan Aeronautical Co 14 61V* Jan 56 • Co 51% Jan 75% Mar Jan 2.50 Gas Drug Ir.c 56% July Apr Jun a8% 50c 103 204 8% STOCKS- Republic Pictures Corp 65 Vi , Jan II 4% 20% Aug 534 ~8V* 1 Apr 28% Corp of America (Un) • Radio-Keith-Orpheum Corp (Un)_____1 Republic Petroleum Co l 20% Aug „ Jun 62 —3 Corp 3% Radio ' 16% Mar. Jan • United 53% a33 a33% Jan 165 34% • common United 53% a33% 7% 28 % Mar 265 . Jun 16% 63% • common- Co 28 %' Aug '578; &43% &43% 4% 308- —50 Paper Oil Apr 56% &12 V* &12 V* Scott Apr 28% Y — Jan 27% 28% 15 Jan 450 20% — common 426% 28% 15 Aug 57% 39% '■ Reading Co 266 ■ 10 V* Jun 20% 1 $1.40 div preference 938 ■ Jun 44% Mar 35% • 7% 566 35% —10 common dlv preference common: Insulated Wire 33% 28% 21% Feb Jan 20% 204 10 —50 Philadelphia Electric 32% 35% „ ;, 16 . Aug 20% . 35% 30; Jan 3.25 Jan 240 . , • RR Penn Water & Power Co 32% 103 % 103% ' Pennsylvania Power & Light Public Service El & Gas common. — < —1 Jan 1.50 585 .' ■' . 65% Jun 59 % . 7 Va 7 —5 Jan v ' — Aug V 10 /■v 9 Jun 52% 20% —10 2.65 • Shell Corp Brothers 32% v 7 100 29 Va ' ,Y;/■ 1 Pure Sears A July • St Motors class July 50 Puget Sound Pulp & Timber Co Pullman Incorporated (Un) Co Amer Lehigh Coal & Navigation Pennroad Corp 11% Jan May 56% (Uri)_——2% Pennsylvania RR Co (Un) Phelps Dodge Corp (Un) Oil of 24% Jun 53% _10 (Un), Paramount Pictures Inc h 300 * __ Corp Airways 1 1,612 28% • preferred Western • 29% ' 28% 1% 35% i ' • . a29 , 9 Va* Storage Battery 29% 10 — Packard Motor Car Co 1,000 33% 50% 13 Va com - ... 28*% — 51% 1 28% w 20 8% Jun 336 46% Aug Aug 6 12,300 —.25 .___■ Indemnity Lighting 27c 1.65 59% • Phil co 35% 25 redeemable Pacific ; 25 —25 ___ 27c 1.50 ■ 59% 12% ■ I 220 -- Co — 8 25 —... redeemable . 5% 1.60 12 V* 2% ^ — preferred preferred ' — _1 preferred 5V2% Pan —1 : Edison Company „ Oil Co (Un)——— Ohio . Corp CO 10% partic pfd__50 Davison Chemical Corp Delaware Power Si Light Phila Occidental 12 V* • Pennsylvania Salt Mfg - 2% 13% Jan 8c 1,000 9% 100 I... 1% 14% Jan Jtm 370 10% Aug 27 150% Jan - Jan Mar 59 Jun 20% (Un)—1 Inc (tin) Oil 170 7% 10% Northern Pacific Northrop 14 " Jan 18% Aug Jan Jun 20 V* 8% • (Un) North American Co 14 1 Distillers Prod Corp New York Central RR North B Lines Inc 6% Jun 26% Jun 48% 32 High Jan 145 2% Fidelity & Deposit CO————10 50 1,200 1.30 a52V* a53% 9% 100 c Corp General Nash-Kelvinator National City 138 Jan 8% Mar July 16% t v 13 Va 9% • Company Electric & 21% 1,209 Jan 1 (Un) Angeles Blltmore Hotel Co McKesson Low 267 144% 146% 4 13 $r" * t.: '0— com 1st preferred Curtis Lincoln 4 26% 13% Baldwin Locomotive Works 15% Aug 56% 7 4 Lane-Wells Company Libby McNeil & Llbby 146 Arundel Corporation Bankers Secur Corp Gas II100 Range Since January 1 High 26 % Jan County Land Co Laclede 26% Shares 49% Mar Jan ...—-5 Kansas Power & Light Co__ Kennecott Copper Corp (Un) Kern 27% July ——-1 Corp a54 20 4 I for Week of Prices Low Stores American Tel ds Tel. Sale* Range * Sale Price 20 Jun a55 a8% ___, International Tel Si Tel Corp (Un)—• Kalser-Prazer a29%a29% — 15 "YY Week's Last Jan American International 19 Range Since January 1 Low 100 AUGUST for Week of Prices Bale Price WEEK ENDED Sale* Week'* For FOR • Sears Roebuck common Sterling Aluminum common & Fuller Electric common common * • — 5 40% 'V 10 1/ 42 377 10% 850 ' 13% 13% 13 Vi 100 12% May 36% 36' 36 % 257 33% Jun Aug : , Jan 13% Mar 46 Jan Number 4831 Volume 170 COMMERCIAL THE & FINANCIAL CHRONICLE (721) 37 OTHER STOCK EXCHANGES ,V. * RANGE FOR WEEK ENDED AUGUST 19 V Last Week'e Range Sale Price of Prices * Friday * San Francisco Stock Friday .y^&, STOCKS— v;, Range of Price* Sale Price Par Air Reduction Co Alaska Juneau i . , Shares Janfl Sine* January 1 139 .10 Low High 23% May Apr 2% Feb ~ Alleghany Corp common (Un) American Airlines Ine common American Factors American Power Radiator Amer Ltd & & 200 (Un)__i 485 Tel Tel & Co 20 17 17 % 83 * 12% 12>/2 205 7% Feb 12% 'Aug 13% 13% 320 10% Jun 14% (Un) American Viscose Corp eom American Woolen Co (Un) 10% July Jan 7 (Un)——* (Un)__ San American Smelting & Refining (Un)__* American 10 a48% a48% 100 (Un) 45% 138% 144% a 59% _• 146 2,107 a59% a 59% 25 25% .14 25% 175 22 Jun 15 -51 Apr 29 29 % 400 29% 30 1,394 Arkansas Nat Gas Corp class A (Un)_* alO alO 10% 87 6% 6% 6% 6% 100 5 Jun 87 87 165 87 (111) (Un)____ & Santa Fe (Un) 100 Atlas a Corp (Un) Atok Big Wedge Mining Co Avco Manufacturing Corp 10P 24c 25c 5% 5% 225 Easin Oil 20c 10% 10% 100 Beech Aircraft Co Corp Bendix Aviation Bendix Home Eenquet Cons Bethlehem Bunker a29% a9% 7% 8 1 2.00 2.00 & Sullivan Corp Central Eureka 14% Jan 2.60 Jan 1.95 Mar 40% Feb M May 50% 15 15 175 13% Jun 22 25% Jan 52 21% Jun 8% 2,175 5% Jun 32% • common 32% 180 50 54 54 13% 13% 30 325 Feb 36 % 52% 14 25 (Un) 8% Apr Feb 58 Apr 14% 31% 310 27% Jun & Morrison-Knudsen 27% 395 24 Jun 30% Jan 1.15 1.40 3,665 90c Jun 1.80 Jan Columbia (Un) Commonwealth & Commonwealth Consolidated Southern Indus Oil Creameries Co of Y Di 47/8 5 27% Pont (E Eastman El Food Jan 25 % Aug 43'/a Jan 10% 769 8 Jun 12 % a59 a59 20 54 Jun 55% Jun 11 11% 965 Jan 11% Aug 26 25% 11 26% 452 94 39 90 May 7 110 5% Feb 8 8% 200 7% Jan 10% 5 10% 137 29% 1,045 24% Apr 102 43% Apr ►48% Mar 47% Aug 52% Aug 50% (Un)__10 a43 52% 1,511 a42% a43 140 11% 1,510 Holly 14% 12% Mar 15% Aug 31 Jun 39 Jan 20 14% 14% 160 11% Aug 18 Jan % % 300 % July 7% Jan 25% 25% 411 22% May 28% Jan —2% 5% 5% 200 6% Jan _ National City • Co 38 588 38 34%. Jun 39% 41% Jan 61% 716 53% Jun 12 12% 320 10 Jun 16% Rubber 21 100 20 25 Feb Ry : it: v July Jan 14 14% 415 10 Feb 14% Jun 64% 64% 100 56 Jun 64 % Aug a39% a40% 111 37% Jun 44 Jan 1% 1% 400 1 % May a39 a39 65 34% Jun • 1% (Un)__j»__l (Un)_* cpm pfd non-cum a44% a45% • (Un) Corp all% 3 Pineapple Co Ltd Co class B (Un) ; 10% 92 all% all% i 2% Mar 39% Apr 11% July Feb Oil 17% 1,958 2.00 100 16% Feb 19% May 1.75 May 3% Mar 1 Corp 1.95 2.05 850 * Development Co Honolulu * 17 2.00 17% , Battery Motor 50% 52 1,000 42% Jun al2 a 12% 55 10% Feb 1.65 Jun 4% Jan Hupp Inc 6% (Un) Corp Idaho Power Mines Co Corp 1XL Mining Co __ Johns-Manville Kaiser-Frazer Kennecott Tel com 2.10 (Un)___ 2.10 10% (Un) J* (Un)__ a33 % a 33% 10% 11% a28% a29% 302 •\\ 8% 66% Jan 13% Aug 11 Feb 2 , 50 2,000 Feb 30 1.70 Jun , 32% 170 2,090 Aug Land County Leslie Salt Co LeTourneau & Inc. Libby Aircraft Lockheed Loew's G) Inc Corp __ If Jun 7% Feb ^ - 2.20 Jan 32% May 19% July — — • 1 Jun 31% 8 Jun 11 Apr 30 Aug 45 32 4,200 a39'/4 a39% 30 4 4% 1,235 48% 285 — 42% 483 30 33% Jun 4 41% Aug Jan Jun 39% 9 55% 30 30 all% all% 12 39 Jun 27% May 9% Mar 46% Jan >Jan <R H) 13 a7% 75 6% Jun 8% 19 a!7% « common __ 1 1 For footnotes, see page 42. Peb 53% 53% 277 48 20% 20(4 20% 570 19% Mar 22% Apr 13% 14 320 10% Jun 15% Jan 12% 12% 524 9% Jun 13 Aug ■ N Y 435 Prbdtftts 20% 870 360 200 Feb 10% 1.40 11% j: Apr 1.50 • 20% Aug Jun Jan 10. 1.40 July 17% 11% 8% 20 y4 *. ik (Un) Jun 6% 8 1 8% Aug (Un) « 11 11 110 9% Jun Aviation 1 10 10 140 8(4 Jun 11% 17% 17% 17% t 12%, Jan North American North American North Amer North Oil Pacific Oceanic Class 28% • class Filters 30 12 V. 5 4% A_ 1st Packard American 33 150 205 30 255 28% Jan 30 Jan 12% 800 10 Jun 13% Jan 593 3% Apr 3.00 Aug 2.35 Mar ' Jan 6 3,638 30 % Jan 33% Aug 36 1,178 33 Apr 36 Aug 30 423 27 Apr 30 Aug Apr 28% Jan 29% 25 25 28% 28%--38% 875 26% A—25 series 28% 28% 28% 805 28 :• 53 53 10 *86 55% 44 Jan 54 Jun 100% 1,237 103% Aug Jun Jan 58 July 17% 17% 135 Feb 19% May * 26 26% 761 24% Feb 26% May .100 98 98 135 89 Feb 98 ♦ 3% 4 250 * • a9 % a9 % 25 8% Feb 10% Mar 18 % 18% 760 15% Jun 20 * /' (Un) com 52 55 28% Aug %. Aug 50 895 53 103 103% 103% (Un) I com Airways y. Aug Jan 33 — Cement Motor Co 29 % 35% Corp common Tel & 28% Aug 23% Jun 25 Public Sprvice common preferred Tel Jan 4% 33% preferred Portland 2.65 25 preferred 1st preferred Lighting Feb Mar 4lc Feb July 1.50 3 2.75 * : ; 29% 29 y8 20 .— red Pacific 15% (when distributed) __8 (Un)_ 5% $4.50 13% July 23c 475 5% Pacific 100 840 44 Vt 29% preferred 1st preferred Pacific 14'% — 1.55 i Jan > 600 B red 60 27C 1st 5% 37% Jun . 972 47% ? Aug 1.55 Pacific Coast Aggregates Pac Gas & Electric common 6% 44 47 i : May 85 27c 1 _ 1 (Un) United 19 10 , 1.50 cap. cap Jan Feb 75% July 223 85. 85 ,'t9 ___* Co 1.25 ■. —— \ -100 (Un) Sugar Co Oliver 10 Corp Co Ohio Edison com Olaa 10 , Cons Ry Oil Ohio Oil (Un) pfd—____ _.100 Petroleum Occidental — ; (Uni„ Co 11% 1 Invest 6% American Northern Pan ;t . 57% Mar Jun (Un) Companies common (Un)— 15% 3% Aug 4% Jun Jan Jan ' 1 21 21% 180 19 Jun 24% Feb 50 33'/be 25 14% 15 319 17% Jan 9% 9% 635 14% July 8% Jan 11% Apr a43 V2 a43% 75 37 Jun 49% Feb 11 May 15 Jan Feb 60 Mar Paramount Pictures Pennsylvania RR Co (Un) (Un)— Phelps Dodge Corp (Un) Pepsi Cola Co P10o 15 15 30 * 7% 57% 57% 285 5 5 20 12% 12% 780 11% Jun a33% a33% Philippine Long Dist Tel Co Fhillips Petroleum Co Pig'n Whistle conv prior pfd 110 32 % July 52 % 6% Mar 3% July ^ 12% Puget'Scund Pulp & Tlmbei^ (Un)— Pullman (Un) Inc Oil Co 2tf% (Un). ' 21% Jan 35 Apr Feb 32% Apr 9% Jun 14% 7% 90 29% Jun 9 Apr 7% Mar 10 Aug 25% — — 592 Radio Corp of 11 Keith America (Un) • Orpheum (Un) 1 & Realty common....* 10% Radio a8% a8% 10 8% 10 399 100 58% 59 50 42% 28 Railway Preferred Rayonier — (Un) Reynolds Tobacco class B (Un)— Rheem Manufacturing Co Richfield Oil Riverside Cement Maurico Shell Oil Sinclair Soundview . So Sperry Aug 25 Jan 39 1,060 21% Feb 25% Aug 378 10% Jan 12% Feb 5 24% 24% 2,912 16% Jan 25 Aug 7c 6c Feb 23,700 a41% a40-% a42% 434 34% Feb 41% Aug 15 a35% 100 31 Feb 38% Jan • 32% a34% a35% 32 32% 1,000 20'A Jan 34 Aug • 22% 24 'Apr 8c 22% 1,108 16 15% 16 1,273 —5 24% 25% 929 y of Studebaker Corp Apr 29% Jan 32% Aug May 26% July 32% 1,512 25% 375 25 29% 250 28 a29 a29% 105 27% 35% 153 33'A a39% a41 % 202 33 % a25% a25% 40 24 July a20 »20 % 95 18 Jan 55% Jun —-—^——25^ ser A——— 35% 25 • of a41 * (Un) Calif 66 (Un)— 25 a68% _i 23% (Un) (Un) 10 10 10 10 - 1,528 41% ;.; 113 a66% a68% 25 67% 41% v Indiana Super Mold Corp cap 24 Corp Apr Oil United Co & of Carbon (Un) Calif common Lines Inc Air 35% Aug Apr Jun Jan Apr 20% Aug 67% Jan 41 % 403 61% Jun 72% Jan 20% -1,655 16% Feb 24 Aug 10% 83 10 % Jun al7 5 al7 16% Feb 18 Aug Jan 14 • — 49% 27% * 39% Aug - Mar 58% 57% 407 48% Jun 58% Aug .10 10 23% 22% 917 19% Jun 25% U'/b 11 Vs 4,662 10 Jan 12 25 " Carbide Union 29% May 28% July Mar 2 Company (Un) Ass'd Oil common Water Transamerica Jan 28% 32% Co McKee 17% Jun 29% _____ Standard Brands Inc Co Jun Jun 25% ———————1 Oil 18% 14 V4 21 (Un)_-_* Pacific Co Oil 21% 2« 4.88% Standard Mar 11c 8c • P10 (Un)—*— Oil (Un) Standard Tide Aug Jan 1,166 Pulp Co Corp Sunset 19% 39 Calif Gas Co pfd Bouthern 38 % Jun 12% Corp pfd Jan 14 25% ——— preferred preferred 4.56% Jan 35% 313 17% 36 Southern Calif Edison Co com Conv 26% 155 17% a38% 12% ;/ f v;I' 1; 4.32% 17% Jun 24% Signal Oil & Gas Co class A Socony-Vacuum 126 —10 Mining,*..^—+— Oil Union 25 20% a38 '/4 a38% 20% • (Un)—• Roebuck & Co Sears July a31% a31% • 10 1 A class Co Foods Safeway Stores Inc— San 59% Aug 34% Feb Jun Ins-—*- Corp_ W .Fine & Jan 25 preferred Incorp Republic Steel Corp S ■ Equip Del (Un) - Jan Mar 39% — 527 33% Jun 41% Jan 31% • • 25 25 .10 10 1,085 25% Jun 31% Mar 13% 152 10% Jan 14% Mar 1,399 1 2% Jan U S Steel Universal (new) common Consolidated Oil . Corp 4 Aug 720 Victor <Un)_ Sugar common Equipment 19% 200 16% Jan Jan 70 14% Jan May 21% al7% al7% (Un) 20% Jun 23% Aug 520 35 Feb 51 " 49% 48% 49'4 Feb 2.40 100 2.05 7% 7% 7% 450 10% 10% 10% 325 7% Jun 9% Jan 285 2.40 96 95c 1.00 3,510 6 5% 6 1,300 5% Jun — 20 21 375 17% Jun 1 50c 6% 6% 7 300 5% Feb 16 16% 536 Western a32 104 8% 138 5% Jun 18 Jan 9 100 7% Jun 17% Apr 31% May Apr 285 1.00 Western 9 270 275 (Un)—l 1 West Indies Sugar common— 1 Preferred Jan 8% Jun 5 5 Fargo Bank & U T— Westates Petroleum common Apr 18% July a31% 28 10 1 Co Warner Bros Pictures * Jan 32% Mar a7% 1 Martin (Glenn) 8 T Jan a8% 30 42% • 7 Magnavox Co Co 6% May 1 (Un) Air 100 — Lines Inc Department (Un) Stores Elec Corp (Un)——12% Willys-Overland Motors (Un) ._—1 Woolworth <F W) (Un) lo Yellow Cab Co common 1 Westinghouse Macy & Co 20 Central RR New United Corp of 26 35 48% ■ 5 • (Un) F 1 Feb 0% ' Utah-Idaho » „_10 (R Libby McNeill Company- . 4% — Wells Fern 3(4 Aug 2 % Mar 185 a8% * 1 Corp July 119 » Union -. a33% (Un) Corp Copper 2.00 : — ... Corp al% 20 International Nickel Co Canada & al% 33 Vac common Tel 9% (Un)—1 Independent Exploration International 91/b ___1 ... Maryland Idaho 12.50 • Foods Hunt Co Car 23c 1,400 capital Park Mining Co Texas Hudson July 20c — Co Jan 21 a45% 100 common 15c 18c * Distillers Na torn as 43% May 62% Feb 25 _—_______ & Apr Jan * common Ltd 5 Jun 61% • 10 Corp Lines National v Corp (Un) Standard Oil Co of N J Hawaiian v 47% Mar 317 Graham-Paige Motors Hobbs 9% < 740 common preferred Greyhound Jun 40 15% ... Jan 3% ¥ Jan July 38% * Gladding McBean & Co North ; 12% 30 10% __5 ■ Great 8% Jun 15% (Un) (Un) Goodyear Tire 9% Feb 29% (Un) Motors State : Jan 36% General Electric Co 4% 7% a47% a48% • General Foods Coro Golden Mar 95 11% Co Paint J00% Aug Mar 95 99% 100% Jan 38% Kleiser General 27% Jun 20 2,195 7 Liquidating General 8% 95 15 Share Co 35c Apr a59 (Un) common Jan Apr ' Apr Corp common 1 & Chemical —10 & Machinery Foster & 44 % 41% 11% 5 common Nemours. Co Plantation FAR 34% July 21% Mar 157 ___1 (Un)___ Emporium Capwell Co common Ewa 170 550 * (Un)_. com Oil Works Bond 38 25% 10% 5 common de I) Aug; 27% Aug Jun 38 1 common Fields Co Kodak Dorado Electric 25% * Co Co 5 *'2%Jan 290 22c — — .17 1 Giorgio Fruit class A du 9,958 11% Apr Jan Jun 14% July 5 (Un) Inc Corp Oil 9"% ; . 24% * 100% Chemical : 42% Mar 5,600 1 High Jan 48 % May a42% a43% A.j..* (Unn common (Dell Corp Publishing Dominguez 5 27% (Un)_15 preferred Curtiss-Wright Dow 405 • Preferred 2nd Curtis 11% Jan 33c 32c — 3% 10 Nash-Kelvlnator Corp Auto Fibres Pure Amer Zellerbach Crown class Co Gas Aircraft Continental Jun a49% 34% 57% Jun 44% 95 25 Co of N Natural Vultee Cons 30% 645 a52 : Chem .onsoliaated Edison Consolidated (Un) 323 52% 11% * Edison 31% al6% al6% (Un)__» common Solvents a51% 51 52% lo t Gas System Commercial 31% 25 25 Cities Service Co (Un) 33%, May • (Un) Co National Paraffir.e Chesapeake & Ohio Ry (Un) Chrysler Coip 33% May 3(4 _1 Co 32% July 27% l Mining Co. 31% • J '■ (Un) _* com Jan 10 common '» 17% 5 Low '<(• Pacific new P10 Mines Cement (Un) Montgomery Ward Jan 10% Jun __ — 11% Feb a36 Vb a36% 13% 700 6% Portland Jan a22% a23 V'b (Un) Range Since January 1 High 13% Preferred Jan 4 % a 44 % Inc J,& M & M cons Un) Monolith 41% May 44 % America of Jan Jun 7 33% Robbins & for Week Shares tow * (Un)__— Co Mindanao Mother Lode 2% Aug 120 * Caterpillar Tractor Celanese Feb 10 Jun 7% — Ry 34% Mar Jun 48% ♦ Pacific May __2% (Un) Packing Corp Preferred Canadian 13 a__ 23% 1,100 Mar 48% a4 —y--'—r— Co 7% Jan 32c 5 (Un) common Jan Jun 2% Aug 7,277 . Jan 20% Mar 8% May 210 15 Corp Cement California 27% ___2 (Un) Byron Jackson Co Calaveras 27% Aug 26% 472 • (Un) Hill 2% 9% Mar 7"% , 102 a 100 2% ; IOV2 Aug 45 a97/8 a9% 31% Mar 5 40 a8'/8 a29% a30% Pi (Un) Bishop Oil Co__ Blair Holdings Corp Borg-Warner a8% __5 —__33Vbc Mining Steel Borden Co (Un) 34% Jan 20% Mar 22c Jun a23% a23V2 l Corp Appliances Jun 28% July 25% 11,900 3 5 Jan 37% Feb Jan 5 &, Co Atchison Top Feb 51% 22% Jun 30 50 Jan 149% Jan Jun 20 Jan 53% May Anaconda Copper Mining (Un)• Anglo Calif Natl Bank : Armour Apr 3% AUg - (Un) cap Light Stan l 3% 2% 35 Navigation McKesson 20% Feb \ High 23 Co Min Matson 0 Low (Un) Gold fcr Week Sales > 13% For Sale* Week's Last STOCKS— Exchange ... 85c 13'A Mar 21 25 —— 25% 545 4% 4% 100 4% 49 4% Feb 49 192 44% 5 5 130 5 2.70 July Apr 9% Jan 12% May 285 Aug 1.20 May 7% Jan 22% Jan 7% Apr j 16% Aug ] Jun 26% Jan Jun 7% Jan Jen July 49% July 7% Apr (722) THE COMMERCIAL CANADIAN FINANCIAL CHRONICLE LISTED FOR WEEK RANGE Montreal Stock & Monday, -August 22,: 1949 MARKETS ENDED AUGUST 19 Friday Exchange STOCKS— Omllsa F«nd# Friday stocks— Last Power & Paper Range Acadia-Atlantic 5% • 4 7a % - Ltd Asbestos class A„ class 1,225 30 53 1,450 41 Bell Power Paper u 26 26 285 25% 43 43 "60 43 A. 6%' a65 23% 2,675 a65 Mines Brazilian Ltd 19 i Trac Light • & > Power • Class Brack Mills Ltd class 3,143 Gold Dredging $1.50 preferred Northern Canada Steamship 24% Corp Breweries Bronze $1.75 2% 102 15 7, 30% 13 257a A 2174 97a Jun 13 Jun 14% 14% 125 22 1,178 3674 3674 80 a8 alO 10 8 Jun 24% 267a 125 24 Aug 28% 11% Jan May 11% Jan Jan a8 9% 34% July 10 485 8% 9% 200 8 24 Jun 36% 11% Jun 17% 26 27 625 15 74 15 7B 15% 3,686 127a 12% 205 11 14% 620 81 Jun 122% May 22 1174 11% 115 9 ,>Jun '21 22 125 21 Aug Jun Apr 10 May . 72 42 72 72. ' 150 71 42 % 535 147, Jan j 24 Jan : 86 Jan f 427a 36% Jun 2374 24% 2,773 47 47 7a 345 135 135 56 -j 42 24'A 47% v pfd—100 - 1 22% 13, 18% 207a 20% * ' Jun Jan 560 15% Mar 40 1974 25 Jun 22 a95 -• 17% 20 > '•■vH > 5 Apr Jan Apr 24 Jan 94% Jun 977a Apr 17 50 Feb 20 Jan 17% 125 8 6% m 13,325 84'A 83% 8474 51« 7874 Mar 857, Apr £274 8374 225 80 85% Feb 6 7e 6% 230 a27 7« a27 Vo common— 5 — 15 17 Jun 5 Jun 18% Mar • 8% Aug Jun 574 24 Jun 7y2 iJan • May 15 157b 3,095 29 297a 1,200 24 Jun ..170 170 20 170 170 23 23 :" 250 Aug 23 21 Aug Apr 25 Apr 19 19 .25 17% July 19 Jan >33% Worts— 34 7a 731 27 Feb 37 Apr Jun > 29% ,100 ... > * common IlOO ,20 Feb . Limited —: > May 14 16% Jan 29% Aug v 10 9772 100 Feb Feb 43 Jan Jun 25% Jan Apr 287a Jan 41% 41 417a 175 a25 a25 a25 35 24% a28 a28 5 277a 23% 2474 918 227a Feb 24% May 29 % -25 — preferred a98 7a a987a '' common 297a 200 28% Feb 297a 1,085 ..25 —— 39 - Banks- 98%* 30 •2474 10 — Jun 70 16 Jun 21 24 24 50 22% Jun 27 40 40 50 35% Feb 40% 35 50 31 Feb 35 13'/a Jun 17% Jan 27% 35% 35% 530 25 7a 25% 25 7a 1,355 Aug 1,980 2674 35% Aug 16% 26 10 Aug 25 :Jun 267a Jan 34 Mar 367» Apr I Jun 267a Apr •< 24% Apr 17% 10 .—10 8cotia Royal Aug 17% Montreal Jan 19'/a 37% 6% Glass preferred St 25 Steel__. —• common Stores 24 v: • 20 34% —25 l td 277a 277a 277a 125 21 21 285 21 22 '22 22 180 19% i-50 common • 11% * preferred Power • . . 14 14 1474 28% 28% 21 1,310 91% 917a 75 17 167a 17 1927 105 110 2 Va 15 100 mm . • __ Corp common- - _ Sons • Bros (C (John Ltd——; Wi Massey-Harris > McColl-Frontenac —25 —mi. Montreal Jun 106 Feb 110 Jan 1.75 13 Jun Drug & Chem Preferred Wire Car * Flour 17 Jan 10% May Steel Ottawa Light, Heat 57c preferred Page-Rersev Tubes . St Power com Ltd common — a 5 7a 13 3% 6% Jun Jun 5 147a 14% 265 13 Jun all all 5 10 Ajpr 127a Brown Company (Burnett. Ltd 4 & Canada Packers Class Dominion Ltd B class Food 47a% Jan Canadian Western 147a Jan Canadian Cassidy's 1,947 400 24% Jan 25% 22% Apr 1,303 197a Feb 237, Jun 97 Jan ' 16 97 40 15% July 3,803 48] Jan 36 Jan 10% 200 10 30 16 ; , 127a 187a > 29% Div 1674 Aug /. 10 Feb > Textile Jan 197a Jan 15 Feb Mar Jan Eastern; Steel Jan East ■"f'V 10 17 Aug 33 July Apr 70% July 15% 15% 165 1574 Mar 177« Jan 19% il97a a20 165 19% Mar 22 Jan 63 20 63 81 237s Aug a24 17 1.95 700 70 ,70 70 30 37, 3 3% 3,200 3 Aug a51 a51 1 47 May 52% Aug 11 550 10 July 12 Feb 110 July 116 Mai — 11 110 al.50 -f: 62 95 20c 20c 214 2Va 2% 325 8 117a 125 a30c • a30c 37 11 3 A__° 17 5,757 834 834 500 6% 67a 25 46 47 100 16% 17 0 ... 60c 100 Jun Jan Jan 6 Jan 117a Aug 25c Jan 137a Apr a 7%'Jun 35c Mar 4 Jan 27a > Jan 84 Jun 54 Jan 2.00 — 20c • 337a Jun Jun a 101 717a com..* "• 1.15 100 ; 69 Va • Ltd •' Jan a23 110 Ltd class Works Aug 1.90 Jan Jun 18 7a Apr 8 July 127a Jan* 6 'Feb 77a 42 " Feb . Feb ; Ltd— 46 - • Ltd rr - Jan 48 37 120 36 7s 40 Mat >60 60 104 53 Jun 70 May 11% 11% 60 11% Aug •13% Jan 15 37 • 15 310 137a Jun 207, Jan 5 Ve 400 774 Jan 36% 15 1 • Ford Motor Co of Canada class A • 2374 Great • 12 * 35 40 Jan Aug Jan 6 Feb 1174 1174 80 "946 > •,. 21 45 20 1,586 49 May 23 20 20 25 25% 26'A 102% 102'/a 715 550 July .8 20 Feb 18 20% Jan 1174 Jan 237a - Jan 23 Jun 587, 22% 42 7a Class Feb 597a Aug' Hotel A de Loblaw Maple Jan 20 Mar Maritime Jan 26% July 7 r/o Leaf July Milling Teleg & class Co Tel 195 37 Jan 45 a56 May 15 56 Aug 63 Jan Melchers Jun 19'A Jan Mica of Canada Ltd — 2374 > 631 12 12 7s 200 237 60 al5 2 3% 300 15 15 25 2874 50 14 74 147a 125 • conv 35 8 7a 28% 3 * 147a 10 —-10 31 1.55 Apr Jun 20% Feb 974 Jun 35 July 87, May a— Aug -27% May 137a 27« 26 •> Jan Jan 16 Jan 40 Jan 1074 Jan a__ 2% July 15 Aug 36%' Feb July 1.25 Jun 3% Aug 15 , Aug 317a Jan 16% Jan 11 Jan 8% 9 74 17% 17% 36 177a Feb 18'% 18% 375 17 7s Jan a24 a24 5 24 July 277a 93 93 100 93 Aug 97 7a Feb 11 11 60 11 May 12% Jan 85c 35c 350 Feb 1.10 Jan 100 pfd 60c Aug 16% Mar Aug 974 pfd__20 pfd 40 May ' 18% common—10 6,% 35 9 10 Ltd , 100 —• A Ltd— Co Massey-Harris Co 6 74% McColl-Frontenac Oil 4% Distilleries 1,400 22 7a 'Aug . .16 100 1.45 8 % Inc_- Co 1.55 35% 1.35 . ' 10 preferred 44% 13% LaSalle 1.25 3374 1.40 - al5 Co Lowney Co Ltd (Walter M) 101 50 com preferred Groceterias 65 Jan 5 Hydro-Electric Securities Corp Inter-City Baking Co Ltd-—,, Jan 102 % Ltd Paper1 Co Ltd Insurance 23 Apr Aircraft Lakes Halifax 1074 May 167a Jun 7,730 1.35 Aug 5274 Apr 5 28 3 20 a36 Farmer.Candy Shops Inc Manufacturing Ltd >37 7a ■■ a36 al53i al5% 20 Fairchild 39 40 5 >' • 100 Fleet Jun 25 Ltd pfd preferred Fanny Aug 375 Ltd Mar 27 8 Mills 20 34% Mar > Products Kootenay Pr 7% Jan Feb 14% Mar 68 237a Feb a 30 5 Feb a69 al.50 J Donnacona Paper Co Esmond 17 44 2 327a a69 Dominion Oilcloth & Linoleum Ltd—* Dominion Square Corp —— p Dominion Woollens & Worsteds • 15 50 a56 Mills '■ >.">•"••> ■" 22% Jun 33 14% a32% a32 7a __ 100 L) Engineering 1574 107a May 8 a Jan Jan 55 a56 > 95 845 44% Apr 287a ' 42 26% (R Jan 6 18% Ltd 19% 1,425 > 1674 Aug 31% July Jan • Paper Corp Ltd >>■.."•"> 5 21 Jun 20 common—• Can Consolidated a38 18 74 of Consolidated 14% July 91% July 125 Ltd Stand Sec Crain a50 57 7s Alcohols Jan .15 Aug 297s , 15 25 * Jan 160 1074 Aug 38% ' 60 21 * j.— 23 Aug 29 18% 25 157a 21 Jan - 2 Co. 29 Jun Jun '—■mm " 31% 15% 100 Bakeries 3 1 23 1.95 Co A__ Consolidated 18% ' class Ltd Commercial 3874 3874 4 Jun 100 Preferred Consolidated a50 —mm Aug 18% 63 A Jan 17% 18 1 ■ 2 640 * class Jan 587, a38 ' Ltd Aug 167a > 1,214 187a Cinzand Dominion 125 12 100 2074 —1 12% 145 750 19 2 20 15% common _i_—— 59% 19 175 15 Jan 31% a Limited Jun 227a 10 18 Jan 103 pfd_100 Co__. Lumber Jun , 85 145 4 Jun 21 1 Westinghouse preferred Cinzano Power Aug 1374 May 10 257a red Co 7 43 1,250 17% , 22 Jun 7% & 44 5 25 12% Jan 29 1,841 145 May 71 2 Canadian Gen Investments Ltd. .Canadian Industries common..,.. Canadian Ingersol Rand 197a •>v" 2 321 6 Canadian Prod 3,700 79 —* Canadian Feb 14 1674 al9% a 19 7a A Jan 3 78 % 2074 * — 13% Mar 167a Mar 25% >: Jan 2% Dredge St Dock Co Ltd » Fairbanks-Morse Co Ltd—* Vickers Ltd 8% Jan 78% 0 — Sugar Canadian 5874 A 1 — Canada Jan 447a cl 100 56% a98 Ltd common Jun 1674 32% 27a Aug 1.15 ' 1,833 3,447 18% A— Preferred 387a 4674 Jan 15 * Packers Marconi 92 102% —* a5% 278 British Columbia Light •92 • —1 Jan Feb f Canadian 18 Va 100 • — Development Ltd Jan 5% . Aug Canadian 16 * — Aug Aug Jan 8% * Products 4 ;/ 2 Apr 5674 58% common 150 40c 467a 92 5 II—1• 4 74 12% 500 31 •187a 100 Ltd Mills Aug 1474 May 8 Jun 447a 16 • Weaving Mines 4 18 July 9% Aug 500 437a July , 18 5 Corp 4 74 High 15 40c Canadian Jan 327t 145 • - Steel 16 Jan Jan * common. 2,215 27a class 27 25% ' National 27, Jan 527a 1674 _• common 17% Jun 42 Breweries preferred 10 2 Ltd 160 ' 167a , . National 400 9% 40c Millen 555 87a "—40 . July May 1027a a98 ^ 187a Telegraph Tramways 15 10 *. & 43 7a 5774 * Locomotive Jan 16 92 997a -18 447a * Montreal Low 15 * B—* class Range Since January 1 High Brewers St Distillers of Vancouver 200 32% . Ltd -2874 , Jan 100 V4 ' ' (Robt) Breweries Aug 50% May 10 OH Co Shares Jan 28% 22 Va —_L • "—100 preferred 15% Jan 10 4 — Ltd Brand 10878 July 175 1074 — 5 Bickle ■ 13% .... common Corp A) Jan Jan 315 ••■V- ..100 Ltd Products for Week Low Bathurst Pr St Paper Co Ltd class B__• Seagrave 1- 17 14'/a 257a * common 1 Jun Feb 75 45 * Woods Fabrics 16 14 Corp.......--5 (John) the Auto 31 18 7a • preferred Aug par .• . Sales Range of Prices Jan 2% v . 9% 25 International Paper common ...15 International Petroleum Co Ltd—. —• International Power •"% Utilities 25% ; 97B a98 International Bronze 6% pfd, International Nickel 01 Canada- Aug 1574 45 • — K • 43% Smelting._ Week's Last Anglo-Nfld Development Co Ltd—. Atlas Steels Ltd '297a 297a . i— & 170 52 52 15% * , Jan 85 395 1007a : 0 0 — v.- * * • common - Aug 12 Jun 177a Aug 20 15 24 180 110 16 .50 Alabastine__ Paper Friday Sale Price . ,137a Jun 26 103 — ... Rubber— income — Ltd 1,470 j 105 100 • common ^Canadian Funds STOCKS— 26'A Mar 22 1.00 Mar 13% 11% 710 20 100 Ltd • 10 * Ltd International 134 27s _ Aug Apr Jan 11% 145 al3 21 • Bridge Oil 274> 14% 28% • 100 & 10 Feb , 10% Feb 165 Montreal Curb Market Feb t • — 25 al3 • — common 170 14 74 14% 1 common 2,606 274 20 Corp 117a 170 'm- «»• " Power— A 11% 14 74 .100 — : 21% Mar 21 incomel927— Textile >i 16%. 16% * ; 1 10 — Imperial Nova j 1 Jan 27 '170 — * ' 18% May 207a Jan,. • July ' a95 19% 25 487, 145 Aug • 22%. 22% 100 . 45% Jun 135 .1* Jan ' 22 > » Jan * 7» Jan 5 Jun Bay Mining Penmans 77c common Commerce , Jan 99 May " Jan 4% preferred Indust Acceptance Placer 103 7a 4 17 _• preferred 6% Jan 27 -5 preferred Ontario Zellers Feb 9 Imperial Tobacco of Canada common_5 Oellv'e Jan 50 177 * -f preferred Jan 13 9% —— Noranda 39 14% Lime & Niagara Jan 22% Mar 31% Smith National 17 Jun 25 preferred 7% 100% Jan 7.10 May Jan Jun 110 Feb 5% 50 Can Ltd 57c I 19 245 Goodyear Tire Hamilton 102% 102% Jan ,94 Aug 5.90 Apr Feb 17% 20% common Gooderham 57c 67 ' Power Winnipeg Electric >14% Jan 232. >>■• 75 1,945 67 >6.55'\:6.75 11% 10% Mar *16 Jan . 5% com Kootenay Pr 7% pfd—. »George) common Wilsils Jan 100 ■> '16/16% Jan 217a • .. Montreal 250 21% Aug 23% 105 3,475 Bakeries Molson 12 Jun 24 Steel Mitchell Feb '18% 19% Wares preferred 57e July 100 36% preferred Mailman 19 6 22 • preferred Lindsay 25 105 14% :■ preferred St 3,404 2074 20 . Lang 21% 36 Co Gypsum Biscuit Waikei a 12 pfd—20 Famous Players Canada Corp__. Co of Canada Lewis Viau 207, 10% —25 Wabasso Cotton al05 . > • Foundation of Jan Feb West 21% ,>*10% 95 207< Weston : •*98 Corp Aug 18% Electrolux General Power of Canada 10 * 'Eddy Paper Co class Gatlneau of Steel Jan 100 ,dun 102% 99 common 30 19% Kootenay Gair Co 1st preferred Sons Apr • preferred Dryden Paper 7% 26% United Feb 1 10 " Jun 8'/a Jan a96 67 common—_* preferred 14% 77c Lake '27 36% Dominion Labatt 336 Co 7 % 16% May • preferred Hudson 230 Steel ,37'/a Goodyear Tire & Rubber— Imperial Jan Aug 21% Jun 60 '22". Standard Chemical common Jan 33 13 290 10 17 May • Dominion $2.00 Jun : Jun * preferred Southern Canada Jun -. Howard 25% 28% 97a Jan Jun —1• ^preferred Dominion Steel & Coal class 4% 14 27 • 3% 12 Bridge 7% 5% 450 Jun Seagrams Dominion General 13 2874 — • class Foundries 5% 35 Mills 4 % '/o preferred Soutbam Press Co Jan * Coal 5 7a% 35 15 45 y2 Aug 33 Mining St Smelting Dominion Fraser 74 30% 2 Jan 3 27 690 Simpsons Ltd class B_ 142 Investment Dominion East 25% ' " Glass Dominion ' 24% Apr 2% Aug 24% Feb v 4 7c St Apr 54 / 1 Williams (H) Jan 16% --^-1 Water St A 42% Jun 49 Breweries Simon Jan 464 Locomotive Distillers 47c 24% 14 ——— Consumers 20% Aug > 36 — Foreign Consolidated Feb 13% Canadian Pacific Railway Cockshutt Plow ? 350 156 2% 17% May 22 3,625 27 25 B Canadian Series Sherwin 357a Canadian Ind Alcohol class A Class Shawlnigan 42% Aug 10 % Aug Jan Mar 8 'Jan Jun 12% „ 7 100 preferred 14 common— Converters ' 23 Jun . -* — High 34% 285 51% 10% ^100 — Lawrence Paper 2nd 36 Series Canadian % Bt Jan * Celanese common Canadian 8t —50 preferred Canadian Car & Foundry common ■. Class A Canadian 25 27a • 5% • 25 274 267a 25% preferred preferred Lawrence Flour Jan 38% 3,704 1,490 27 -* — common Canadian : 20% ——5 preferred Canadian ; 20 24 7« 20 Power 26% 12% " Ltd 4% Low 450 14 % >14% a90 :• preferred SjcKs * common Canada Jun 110 • Paper Range Since January 1 High 39 54 * 7.. Lawrence Corp common—; 1st Mar 17 2474 A 76 185 20% Products Jun 21 10% — Transport Saguenay Power 4%% pfd St Jan 62 11% May 42% A—* 6% Jun 125 ,'<■2% cl 5% 150 107a ---* Canada Cement i 6% Corp B ,-Building Bulolo Power Jan 12 42% 25 Columbia Jan 47 19% • Preferred 26% 23% -• British Columbia Forest Products British • 107a common < 10 42'/a j British, American Oil Jan 'Aug 12 • I25 Telephone Jan common— Shares 38% —100 Royalite Oil Ltd Jan 61% Ltd Power Holland Jan 56 19 100 ©uebec Jan Co • 2nd -5% ' Bralorne 102% & 39 14% preferred Provincial Jan Jun 26 ■ iBathurut 20'A 99% July May 60 Jun 43 ■6% H) 40% '16 -50 23% (J 99'/a 39 17 % Bros 4% High 9% May I25 Corp Hardware 18% 50'/a 100 Ashdown 3.038 •r 1,250 39 527a common preferred 14 7a 99% • Aluminium Ltd Aluminum Co of Canada 4% pfd— Anglo Can Tel Co 4'/a% P*d LOW for Week Low , > Co Corp of Canada Price Range Since January 1 18»/2 183A River Power High 14 100 <pfd— Algoma Steel Argus Corp Shares 14'A 120 Sugar for Week Low common— $1.50 preferred . Powell of Pricea Par AbltibI Sales Sales Range of Prices - Par Week'® Sato Frio* "Week's Last Sale Priee 11 205 8 50c May 187a July 18% Aug Jan Volume Number 4331 170 THE COMMERCIAL & CANADIAN RANGE 1 Friday STOCKS* t' * Week's Last - Par Minnesota & Ontario Newioundland Scotia Nova Lt Lt Paper Co 10 Pr common al6Va * Pr Co & & 14% 18% WEEK ENDED Shares 14% (723) MARKETS AUGUST 19 Toronto Stock lor Week Low 5 LISTED FOR CHRONICLE Sales Range of Prices Sale Price ' FINANCIAL Range Since January 1 High Low 14% 1,147 al6'/8 al6% 12% High ; Jun 22 % 15% May 16 18% 18% 117 * 5% 5% 300 4 15 15 100 15 alio alll 15 104 22 20 22 162 • 16% Aug Jun — \ Jun —* 16% Canadian Jan Apr : ';1; 20% i Mar Jan Sales Week's Last Jan 20% stocks- Exchange Fonda Friday for Week Range. Sale Price ef Prices Shares Range Since January 1 ■' Crush Orange Paul Service Ltd —__ Stores . ' Ltd.n ' Power Corp of Canada 6% l:t pfd—100 red pfd„100 Quebec Pulp & Paper 7?e 111% Mar Apr 12% Feb Jun 24 Par Abltlbl Power $1.50 & Paper Acadia-Atlantic class A Russell (Can) Ltd Industries Sangamo Co boutnern 5% red pfd—20 Ltd Canada 17% 100 is * Pr 17% 17% 16 25 10 .10 50 all0%all0% 15 * Ltd 6% pid 10 100 __ 16% Apr 18 Jun 18% Jan 9% Aug 10'A 10b Jun Jan 113 ' Apr Acme Invest Co Paving & Trans-Television Union Gas United of Ltd B Ltd — 43c A United Inv A Products preferred—50 Grain Ltd Anacon Arno 11 July 980 9 Jan 14% Aug 27 37 27 Aug 29 Jan 2? 22 25 19 *, July ■A.-' 22 Aug a51% a51% __ 5 49 July 51 Jan 155 12 Jun 21 25c 65c July May Co Ltd a40 a40 5 a70c a70c 2 12% 12% 61 __ " ___! __ * 15 12% 35% 40 Feb Feb 1.00 May 1.50 Mar 16 12% May Jan Stocks— Gas Mines • 24c __ Band-Ore Gold Mines Ltd 25c 7,500 17%c Jun 65c Jan 2%c 2%c 1,500 2%c Mar 3c Mining Beatrice. Red Bob's Lake ;_1 Corp Ltd Lake Gold Gold 6c 6c 34c 35c 4,500 4c 4c 4%c 7c __ Gold Mines « Mines ! Ltd_ Mines Ltd Chestervllle Colomac 1 Ltd Anacon Beftttic Mines Explorations Mining Duvay Gcfld Gold of Mines Co Mines Ei 1,000 . Fontana 40 % 40 41 519 51 53 815 40% 1 22c 20'Ac 13c 23'Ac pfd 25 Mines Yellowknife 4%c May Gold Mines Ltd Gold • 4c 4%C 7,000 3c May 1 13c 10c 14c 21,000 5c Jun 5% 6% 2,315 5'A Jun 21c 22c 4,700 8c Jan 30c 8c Jan 44%c Porcupine Corp • common Feb 9c Arjon Gold 6% Armistice Jan Athona 6c 8,500 4c July 7c 1,000 5c Mar 35c Feb Atlas 8c 22,525 5c Jun 39c Jan Atlas 5%c 1,000 5c May 7c Mar 500 1 .. 1 , Hardware class A___ Mines 4%C 14c 13c 16c Mines 2.25 May 2.75 Feb Oil 70c Ltd Aubelle Aumaque Gold 10c May 18c Jan 16c Jun 25c 2,500 '6c Jun 16 %c Jan 10 1.85 May 2.68 Apr Jun 46'/a c Aug 17c • 8c 8c 2.52 2.59 300 2.30 2.40 5,000 42c46%c 4,500 35c May 10,900 42c Jun . 66c 21c 70c 78c Jan 21c 14,000 19c Aug 3c 3c 1,000 if 3c Mar 4c Fabric class * A_ 4% 1 Bankfield Consolidated __ 4%c 8,000 4c July 10c Mar 5c 500 3c Jun __ 10% 10% 297 14%c 15c 5,000 25%c25%c 10% _ 49 %c al8 500 Base Metals Beatty 3L 13% __ __ „ __ _ 3.10 __ __ __ go 1 1 9%C Feb 8.75 May 9%c 23c 12 ya Bobjo Klrkland of V'■■■ X1'1 Gold -1 Boycon ''' '■ ' f&V-v 53c 3,500 26c Jun 55c Aug al8 75 14% Feb 18 Aug Brand 4.00 300 Jun 2.85 6.25 Jan Ltd __ 11,300 20c Jun 13% 13% 42% 42% 26c 28c 125 12 - 1.06 May 65c Jan 14% May July 387A Feb 42% 18c 3,654 , Ltd May 33c Aug 38'Ac 36c 38'Ac 10'Ac 10'Ac 10'Ac & Millen class Cordage A . Mines Preferred 35c 45c ■» 9 9 25 26% 26% 20 20 25 59c Jun 25 25% 6,000 8c May 70r Jan 39c 47c 13,300 3.05 3.15 3,70o 2.75 Jan 3.15 Aug 2.75 2.90 200 2.12 Jan a64 a64 25 11 11 100 May a85c 10o 2.40 2.40 1,000 8%c 51 Jan 64 72c 2.30 Aug 12% 8.50 Jun Jan 84c Apr American Preferred Columbia 4%% Electric pfd i Columbia Forest British Columbia Packers Columbia Power class Dominion Broulan Bruck Mines 7c Jun 14c Feb 1,000 18c Jun 31c Mar 61c 10o 51c Jun 75c Feb <3.70 Jan 3.90 100 4.05 Jun 2.28 2.28 500 1.85 Jun 2.28 Aug 3.55 3.55 100 3.15 Jun l,50o 4c Jun 9c Jan 23c 23c 1,500 17c Jun 67c Jan 3c 4c 7,200 2c July 8c 4c 4c 2,OOo 3c May 7c Feb 16 16 700 Jun 16% Jan 14c Jan __ 2.44' __ 31c __ 47c __ 5%c 6c 1,500 2.39 2.54 1,500 8.50 8.50 14.700 30c 34c 7,700 52c 52c 500 47c 47c l,00o 1.60 1.75 1,600 100 1 43%c 42c 44c 11,000 1 2.02 2.08 2.08 3,10a __ __ 5.15 5.15 700 3c 3c 11,000 9.10 Class B -• 6c 3.50 * ; 1 4%c 9.15 6c 725 18,000 * Gaspe Oil Ventures Ltd 1 1.26 Home * 10 %c Co Ltd • 3.40 3.50 5.25 5.35 300 30c __ ' Decalta Oils Ltd Ltd : Petroleums see Ltd page 42. 20% 4,222 4'Ac 38,000 24 1.25 Aug 8'A 26% Feb 25 Jan 9% July Feb Aug 24% 25 17% 20% J"n Aug 7%c Mar Jun 3c ' 24 y2 Jan 695 22 Mar 25'A 465 24 Jun 87% 87'A 20 86 July 99 99% 60 92 May 101% Jan 2% 2% 3,485 Aug 3 Jan - 2% - 2% 25% Jan 90 % - Jan 13 Jan Mar 26'A Jan 5,900 18c May 37c Feb 11,900 30c Jun 39c Aug 17 Jan 11% 11% 155 10 26% 26% 145 25 22c 22c 24c 39C 38c • • Jun i * 15% 15 39c 15% i * 4% 4% 4% 100 17 c 20c 16,300 2.16 2.33 4,415 11 %c 12'Ac 13,000 8c Jun 7,408 5c 19c 2.33 __ Canadian Red 12'Ac Lake 1 Building Products Burlington Steel —_____* Burns <fc Co * 140 7c 7c 8c 31 class B_: 11% 5%c Jun 1.25 May 7.80 20c 25c 41c 2.65 Jan Aug 8.50 Aug 42c May Mar 53c :Jun 53c 1.30 May 1.90 2.90 Jun Jan Aug Jan Jan 3.45 Aug 1.34 • 73c May Jan May 1.28 Jan 1.25 May 2.08 Aug 5.15 Aug 2c 6.90 3c Jun Jun Feb 6.10 4 %c 15 10c Jan Jan Calder 14% July 4-% 10c 1.60 5% Aug 24c Jun 3.05 Jun Jan Jan Jan 20c Feb May 9%c Jan 31 25 13 13 % 225 2,500 27 Mav 33 Jan > 12% July 14% Jan 12 % 17% Feb Jun * 15 15 15 * 7% 7% 7% 250 6% Jun 1 13c 10c 14c 12,200 5%c Jun 5.40 5.20 5.50 2,300 3.75 7%c 7%c 8c 9,000 4'Ac 30c 30c 4,000 1.300 2.90 3.85 30c Jun Jun 5.30 6.60 class 31c 13,500 3.25 A Bousquet 3.00 3.30 1,730 20% Edmonton. Calgary & Callinan Flin Flon Calmont Oils Campbell Red Lake—. 4'A % Canada Bread Canada Cement Preferred Canada Foils Ltd Canada Canada Canada S3 Lines : Cable & Canadian Class Feb A Canners Car * __ 50 5 5 50 10 10% 115 32 32% 550 15% 15% 395 191% 191% 20 - 32% 101% 36 • 251 12 36 212 33% 81 10 14% 10 24 23% 24 1,690 21% 21% 21% 2,735 • 17% 17 17% 510 23 20 22'A Feb Aug 6'A Mar ; 18% Aug 33% Jan 16'A Apr 192 % May Jun 14% Jun 37% Mar May Feb 83 Jan May 24% May 19 Jun 21% Aug 13% Jun 18 Jan 23 23 140 23 Aug 25 Mar 17 100 13% Jun 18 July 9'A 12 12 100 14% 14% 14% 170 22 21% 22 37 37 37 * common 79 Jan 30 17 " — Jun 14% July 187'A Mar 36 14 • common— 29 Jun Feb 26'A 10 4% July 8% 81 14%. • • Jun 14% Jan 13 Jun 17 Jan 19 Jim 22% 35 May Canadian 14c 1,000 10c Jun 32c 1.26 1.38 2,05o 89 %c Feb 2.00 May 10c 10%C 2,739 8.50 Jun 13% 12c 2,000 8c Jun 14c Jau 2.50 1,100 13%c 14c 3,000 Celanese common Preferred New — • 25 21 25 preferred 21 610 Jan Jun 39 May 70 20% May 22 Mar 18'A 28% 100 Jan ll%c 2.43 1__1 A preferred Jan 43c 14c __ class — preferred Jan Aug Aug 20 Canadian Breweries 1st 10 • common Feb Jan 290 100 Canadian Bank of Commerce Canadian 10 Jan 87% Jun 10 Jan 3.75 Mar Aug 27 • Mortgage Preferred Wire 20'A 225 —* ;. Permanent Canada 460 * Power 54c July 86% 25 3A 28% Jan Aug 9%c Aug Jan 28 —;* — Packers class A Class B Canada 84 6.60 Jun Jun * — Northern 75 2.70 8'A 14c Jun 20% 100 • : Machinery Canadian 84 30c 20 preferred common j. 2.10 Feb 10%c Jun 3.00 22c Canadian Food Jan Class Jan Preferred A Products common Jun Jan 21 21 60 • 5% 5% 160 4 % Jun 8% Jan * 9% 10 175 8% Jun 13'A Jan 100 65% 65'A 50 Aug 77 Feb -* Dredge Canadian Ltd 10% Aug 8.25 Mar 35c i A ___- Buffalo Conv Ltd 200 Jan __ _ Ltd Apr 3.55 Aug 3.30 May 23c 1 Anglo-Canadian Oil Co Ltd & Edmonton Corp 45c ; Buffalo Ankerite Oil Stocks- Calgary Feb Jan 1 1 Ltd Jan 26c • A A Buffadison Gold , 6c * Ltd— 5%c 1 class 2.667 5c 1 Ltd class Oil Porcupine Mills 9c 6c 1 .__ July Jun Jan 24c 42c Mines - 3'Ac 100 Products—* British 24c Jun Ltd 4'Ac 100 preferred British 2.45 Aug Feb 3.90 • „ Aug 19c May 2c 2.90 Aug 19c 4,600 1 Asbestos Corp Ltd Upper Canada Mines Ltd— 23c May 8c V-/':-- 45c Jan 1.95 1 United 26 'A 16c 3.70 Aug __ Ltd— 1,285 * common 14%c Jun 16 Ltd 3,000 - Jan May 11c 5,000 1,000 Feb 16c 25c 3%c May' 10'Ac Mar 14,617 Jan Jun * Ltd 17c 17c 91c Jun Ltd__l Ltd—____ 8,300 15,600 23c 2.000 1.45 1 Mines 16c 2%c 60c 1 Co 6c 15c 2'Ac 60c 1.72 __ 3,500 • 5'Ac 14'Ac 24'A 1.72 2.28 V'** 5'Ac J 20% Aug footnotes 35c Oil common——TT» 8c For 33'Ac British 74c Brazeau Jun Brazilian Traction Light & Pwr com—* Brewis Red Lake 1 16,800 South Jan 84c Jan 17,500 Petroleums 35'A 6%c 1.22 Pacific 25 3,800 Apr 800 50c (1944) Oils 37 92c Jun 3.45 Co 37% Mar 37 86c 3c 8c 10%c Oil Jan Apr 4,000 1.02 Pacalta Jan 36% 3%c 3.45 New Jan 34'A July 3%c 1.16 Oils Feb 27c Jun 350 10c 3.45 Calmont 14c 35% 15% Aug io%c Mines 29,000 Feb 35% Jan 1 Westviile 25c 5'A July 35% Jan 300 1 Gold Mines Amulet 4 lie 6%c l Waite 50 10 26% 11% 1.90 1 Mines Ltd Malartic 4% 4.00 Aug Jun Jun 865 Ltd Vinray 5% July 3.00 Jun 3,000 Trebor Mines Ltd Ventures Feb 50 25 8c 2.50 1 Gold 38c 1,300 4%c 15 % 2.50 __ 1 (Quebec). Ltd Mines May 3,200 6% 480 8c 1.80 Gold Hughes 10c. 18c 3.95 2,000 15 2.50 Mines Torbrit Jan _• Bralorne Mines al8 2.50 Siscoe Teck 11'Ac -1 49 %c 1.85 Sigma Cons Jun 4%c Mar • 1 Sullivan 6c 0 ; Boymar Juii 2.50 C__— Ltd Mines 1,500 1 Pershing 2%c 61c Sherritt-Gordon Mines Ltd Stadacona Feb 7%c ~ Bordulac eic Ltd— B Develop Ycllowknife Sladen-Malartic Jan 15c 23c Apr Jan 1 Ltd Co Mines Jan 12% Jun 33'Ac Jan 1 Ltd Mines Mines Mines 94c 8c 89c Mines 23c • Corp Ltd Quemont Mining Corp Ltd— Santiago May 93/ji Aug 5,000 7c -_1 Bldgood 52c Feb July •" 1 Quebec Manganese Mines Ltd Quebec 50c i,ooo 3,510 26% 24%c July 2,000 a85c __ 1 . 1 Ltd Labrador Apr 26 - • Bros Burrard Quebec 18c 6'Ac 7c * Mlnlng. 3%c 3%c 4.00 * Ltd Mines Mining May __ 1 Jan 4c 5c 21c 1 Pato Cons Gold Dredging Gold 9c 4% 1 Auto Buffalo Pitt Jan Jan 12,000 42% 5 Ltd Ltd Ltd Gold Jan 13'A »VaC 3.45 Jan 1 Mines Gold Jan May 11c 10 1.65 1 Ltd Goldvue Crow 6% Feb __ 1 Alger Mines Ltd Pioneer Aug Jun 20c 1,500 1 Mines Mines New Pickle Jan 15c 3c 16c 1,000 . • 1 Dredging Ltd Mines 7%c 10% May 1,365 11,500 • 6% 17c 1 Ltd Canada Mining Aug 3.75 16c 1 Ltd..; Gold New Gold Aug 7c 70c Mines British O'Brien 70c 10% 9% 11c Apr 2.40 1 Ltd Fields Mclntyre-Porcupine Normetal Jan Feb 2'Ac July 22 %c 11c 10 Yellowknife British Norseman Jan 7c Steels 7%c 8c 1 Mines Ltd Mines 10% 9%e May 3%c Mar 16c 1 Ltd Mines Goldfields New Jason 5.30 8.65 Mar • 7,600 12 4c I (1937) 11% 4c 1,000 Long Lac Gold Mines Ltd——* Mines Jun 2.85 10,325 12c 13'Ac 12 I 4%c 17c 5 Ltd Lake % 10 Gold & Oil — Cons Jan Apex Consol Resources 4%c Co___l Ltd__ (1945) Negus 68c 62,150 Jan Explor Co Ltd___l Mines Nechi Jun 230,900 16c —1 Mines Mining & of 16c 70c Brantford Corp Jan 13,600 6%c 5%c.Jun 1 Mining Ltd— Mines Mining 20c 46c 6.500 1 Mines Ltd Kerr-Addison Red Jun ' Jonet-Quebec Malartic, Gold 9c 4'/aC 5c fy Madsen 17,600 6c 9c _l Ltd Mines Macdonald Aug 13c 14'Ac 57c 8c 1 Uranium Louvicourt 25c 1 10 Ltd Gold Little 26'A July May 1 Aug 66c Goki May 12c Ansley Gold 4%c Aug 1 Hudson-Rand Lingside 25 'A 220 67c 1 Shore 115 9,042 9.50 Jun 1 Ltd International Lake 26 9.25 4%c Aug Ltd Rowan Jan Jan 9.50 43c Mines Lake 56 Jun • 2,500 • Ltd Apr 61 y3 May Anglo-Huronian Anglo Rouyn Mines 8,000 1 Labrador Feb Jan 85c 25c 65c 1 Lake Jun Jun 3.55 4%c- .. Goldora Jack 7% 55c 23c 25% 4%c 46%c Cons 8c 9'A Aug 35 52% 9c' Formaque Gold Mines Ltd Hollinger 5c 200 3,300 62c _1 Mines 1,000 9 4%c Ltd Mines 5c 77c 3.30 Jan 2.40' 2.40 - Mines Pen-Rey Jan 23'Ac 4c Ltd——________1 Ltd Gold 103 3.45 500 65c 1 Ltd Mines Mines Eldona Jun 9 • Elder 99 Jan • 5%c __ Ltd__l Ltd Mines Sullivan 15 1 Canada Larder Lead Asniey 7 j/2c Ltd_——2 East Malart'c Mines Ltd. East 100 74c « Dulama 100 77c • Canadian -Jan __ Yellowknife*Mines Ltd—____l Cournor Jan Oil Anglo 65c 1 Central' Cadillac Consol Cortez Jan 25 • Co. American 7c 5%c I .• Mines Consolidated 20 y4 Jun 9 « Amalgamated Jun - Mining Corp Ltd_——1 ; Jun 19% 5c * Ltd Aluminum 20 %c __ Ltd__l Candego Gold Mines Century 16 315 * !■ Steel Atlantic Bouzan Oil— l Ashdown Metals 785 22 Ys Feb 24c Mines Ltd Base & Yellowknue Aluminium Argus Lead 18% 22 17 Feb 13 13 Ltd; Western Hotel 18% — 9% May Mar 46c Jan 2,700 __ .100 Westeel Mining 1,708 Aquarius class Securities Ltd Windsor Jan 8 30c » „ Fuel 41c 14% 13% __ United 85 30c • 14% * 1,376 11 27 • * 43c 11 • Ltd—: class 43c " _ Canada Corporations Class • Materials 18% High 14% • 100 Agnew-Surpass Akaucho Algoma Southmont Standard 14 Jan 15 Low High 14% 2o preferred Preferred Reitmans Loto • common 21 65 39 4!) (724) THE COMMERCIAL & RANGE Friday STOCKS— General Indus Atco Canadian Class Electric "A" Low —50 9% voting--,—* B • Canadian Locomotive — 4% Oils Cos common j preferred Canadian Canooe Corp Central Leduc Central Patricia Mines 11% Jan Goldora 36% Jan Goodfish Jun 79c Jan Goodyear Tire 15% Jan Aug 85 Mar J"n 17% Jan 27 27 25 22 85 98% Aug 1.22 600 1.50 1.70 3,400 75c 80c 2,800 28% May Jan 99/2 1 70 — 91c 85c 91c 1.14 Great A Guayana Feb 102 Jun 1.50 Gulf Jan Gwillim Lead Jan Gypsum May 65c Apr 1.65 1.45 Jan Halcrow Central Porcupine Chatco Steel 1 — common 21c 26V2C 25'Ac * 8% ——50c Cheskirk Mines Chesterville Chimo 61c 6c 6c 1 2.43 2.31 -— Gold 1 6% c 19,564 2,000 10c 15c 1.45 400 1.25 July 2%c 3c 7,500 2%c Jun 1 2.95 2.73 2.98 12,680 2.00 Jan — — Willans Rock Harding Jan Feb Ccckshutt Plow • 1 Collingwood Cuiomac 12% Terminal preferred- 8 8 4 Vac 5c Jan 1.75 Mar 5%c Jan National Coniagas 6 5 1.40 1.40 1.40 600 • 1.12 1.05 1.12 7,000 1 13c 13c 14c 17,300 Mines Coniaurum Mines Consolidated Astoria Consolidated Bakeries Consolidated Beattie Consolidated Duquesne 6(6 • Mines Gold 1 CoiiftOiidated Homestead Oil Gold Hedley ; 3,000 45c May 80c 1,400 31c Aug y; 65c Jan 22c 2,300 16c Jun 25c Jan 8c 4,500 9'% 10 20 %c 26c 26,975 14 16 Jan 7%C F.b 10% May Jun 15c Mar 26c Aug 12 Jan 10 10 700 9% 7c 500 6c July 10c Feb 6%c 6%c 2,000 5c July 10c Jan 50c 57 %c 56c 22,483 -,35c Jun 83c Jan 8%c 8 %c 1,000 6c Jun 9c Jan 24c 25c 4,500 21c Jun •59c Feb 10c 11c 13,800 6c May 55c 55c 3,000 50c July 65c Jan 10c 10%c ■ — 56,500 6c Mar 11c Aug . „ .. - Jun Mines. 10 %c 1 9 Feb Jun 6% Jan 1.60 Jun 1.15 July July Jun 5 10% 10% 10% '3,322 1 6c 5%c 6c 22,000 1 17c 15 %c 18c 41,000 29'% Yellowknife Hosco Gold Howard Vines Smith • Paper common « 70c 3,963 42c Apr 65c Jun 7,200 5%c Jun 12c Jan 8.75 May 12% Jun 11 %c Feb 32c Feb 4c 13 %c July 60c 7c 9%c 12c 7% 99 5c 6.699 98 % 1,130 22 Conwest Exploration Corrugated Paper Box preferred Cournor Mining 99 151 • 1.15 1.10 1.17 Aug 17%c • 100 23 Mar 30 Apr 35c 6,250 27c Jun 38c Apr 24c 1,000 23%c Jun 39c Jan 45 45 33 %c 1 29% 32c 6 Jan 152% Jan Bay Mining & Smelting 46% 2,145 38% Jun 57 Hugh Malartic Hunts class A 2c Jun & 1 Erie 3c 3%c 4,000 8% 6% 3% 337 100 common 3%c _♦ 115 114 115 73 110 Jan 6c Aug 117 Jan 30 Aug 14% Jun Jan 8 6% Mar Jan Feb 123 July 100 23 15c 15c 81 Jun 148% Mar 6,400 100 100 Imperial Imperial Bank 10 76c 1,050 1.45 Jun 100 29% 29% 125 27% Feb * 18% 17% 18% 6.813 16% Feo 14 13% 14 1,130 13% Mar 5c 5c 1,400 22% 22% 22% 270 L_ 7% 7% 25 35 %C 42c 9,900 —25 16 16 50 1 20c 21c 2.500 22 22 25 53 99% Mar 101 % Oil Jan Indian Aug 100 Jun 18%c Jan Aug Lake _____ 1 _ Croinor Pershing Crow's Nest — 1 Coal 54c 100 ! DAragon Mines 10c 55c 1,600 51 51% 205 45% Mar 52 9c 9c 1,000 5%c Jun 15c 2,100 16c 43c Jan 21% 21% 30 7% 7'/a 50 * Inspiration Mining Jan 18c 18 %c * — Feb 40c 65c May Intirntaional 42c Bronze International Davies Petroleum * — Davis Leather Class class A—_— * Decalta Oils Delnite Red Dexter Ltd 14%c 1 - Lake Red 7% Jun ,, 7 9% July Metals Feb 23 20% Aug Coal International ; Lake - 1 23,500 15c L65 1.65 7c 10c 4,500 35c Distillers Seagrams Dome Mines Ltd 29c 31c 19% 18% T9% 2,500 27c 27,200 35c 36 %c 30c • - 20c ... »1.76 Aug 15c Jan Dairies Dominion Foundry 7% 7% 30 23% 23% 24 150 class 1 1 • 10% — Mines East 25 20 20 145 100 20 10% Jun 11% May 11% 11% 11% 11% 75 ! 13% Jan 35c May!-' 65 %c Feb 14,000 15c Jun 25c Feb 7c ,~ 92,300 5c Jun 17c 7c Jun 12c Mar 6c 3.700 2,000 5c July 2,500 19c 21c 22 %c 1 2.60 2.50 Sullivan 1 2.36 2.30 Mines - 20,600 Steel * Mtnes 5 Gold 66c 3.45 Feb 1,075 4% Aug 7% Jan 5% 41c 48c 54,225 30c Jun 48c Aug' 65c V 71c 57,700 41c Jun 77c Jan 19 %c 19 %c 22c 20,731 — 7%c 8c 1,000 19% 1 - V-'. * • v Empire Brass "Class A 2--_ Equitable Life Insurance Eureka 25 Corp 1 Falconbridge Nickel Players Fanny Farmer Candy Shops Grain Fibre Flash Fleet Ford * Motor class Co 12c 10% May 11% Mar 27c 60c May Jan 1,490 3.10 Jun 555 13 % Jun 16 Jan 36 330 30% Aug 37 Jan 6 106 106 5c 5c 950 5 5,500 4c 4.50 May 98% July • May Jan 7% , Jan 116 „ ;>? 7c Jan • Jan 9 100 8V2 Jun 10 Jan 7% 100 7% Feb 8 Apr 7% 2% 2V2 15 15 * A • ■„ -- , / 23 % 1.35 Exploration _. . • 1.40 200 1,116 28 % 28 25 — * — 25 25 22%. 23% * ; 50 S"/- 9c 9c 4,000 2.25 2.17 2.30 3,125 Feb c____ Lake 23c 24 %C 13,400 -,54c 37,666 26c 9%C ' 4%c 7c July 9%c 10c 31 31% 1 '8c 4.00 ;v 1 1.55 2,455 5c 6,000 79c Jun 55c Aug Jun 14c 14'/4 1.19 84c 5,600 65c 5c 11,500 3 %c 12,450 30c Jan 5%c Aug Aug 43c Jan Aug 6.50 May 4c Jan 22c *- Jun 44c Aug 1.67 Jun 5c Feb 18% •; May 48c Jun 83 %c * i 13c": ' 2.85 May 2%c Jan Aug 10c Jan Jun lie Jan 23c 31% Feb 3c 18,300 5c ■%-" Jun 5%c Mar ;> 27,530 22c 4.00 Aug 27C 26 1.000 3.75: Jan 8c 15%cMar 6,500 13c ' 1.55 ? 19c 9c 5,770 5c 1.41 4%c -__1 Rowan 8c 18%- 4VaC 17% -18% 1 July 4 %c Mar 75 —1 Jan 1.45 5»/2C May 64c r Jan 1 Shore Wasa Mining 3c 8c 15% 15 15% 2,840 10% Jan 15% Aug —1 47c 42c 47c 3,500 34c Jan 53c Aug Mines Lake 8c 1 Lake » Mines _____ ___ — _ _ 2.52 2.85 5,925 6.65 6.90 2,294 5.80 Mai- 17% 18 130 16'% Mar 7%c 7%c 2,000 5%c Mar 2%c 3'/ac 7,000 2%c July 15% 15 V* 15% 500 10% * Mines Secord 4c 1 Mines "U" __ _ 3 — 12c Jan 2%C _ 4.---..___1 Lapa Cadillac 6c 6.90 2.80 « _ 3,500 17% _. * Lamaque Gold Lang & Sons Laura 24c 10c Gold Lapaska July 3%c May ' 41,700 7,6ao Mines Larder 8c 5,080 6c Lingman Luz Jan 3,300 — — Fortune Jan 52c 3,700 1 Dufault 13 8c 1 Lake Jun Jun 7c 46c Gate Lake 7 22c 18c 1 Gold 36 7c , Jan Jun 29 16c Jan 20% Mar , 3,75 — Gold Frobisher Jun 14% 7'% ——*' ___ Manufacturing Francoeur _ 7% -— i Foundation Jun 19% Jan 2.00 1,500 5c 3c 2.85 Aug Jun 6.90 5%c V; Jan 12c Mar Jan 4%c - Jun 10 Aug 19.;, May July 13 Feb Jan 15% Mar .y 9 common common 5,810 • July 14 5c -2-10 ___ Fasteners 42c 4c 25c 34 common Preferred 10 18%c July 3.70 __ __ 1 Preferred Fititngs Ltd 11 5V% 100 — 200 36c 35% —___* — Kirkland Products v 1 commqn Preferred Federal 3-75 • . 11 — • Famous Federal 11 Laguerre La Apr 17,575 2.45 Jan 6%c — Labrador Mining & Exploration Jan 2.70 .1—2—19% _ 38c 5 48c 1 _ ___, 1 1 — Gold Jun 33c; 25% 8c 9%c Ktn-Addison Lake 10%c Jan 1.83 May 1.62 Jun ' El Pen-Rey Mines Sol 2.62 Feb Aug 7c • Renville Gold Jan 9c 6c — 8%c 9c Malartic Mines El /May- 37,500 • 20c Jan 20 16c 49 %C Townsite 60c 8%c Aug _1 .—1 Lake 16%c 17 %c .*• Oil Jan 54c - 21% July 41,200 « Kirkland 54'/2c 1 16 1,547 26c __ Kirkland Mar . 8% 24c Mines Golden 17c East Eldona 12 ..j 33% ™_1 • _. Kirkland 59c East Eastern 27 Jun 1 Mines-.. Feb 22 , Aug 8% .—1 Apr 25 % Aug 19%. Apr 440 — Elder 27% Aug 20 1 Oil Leduc 17% Feb • Ltd Amphi Crest Jun 21% —1 Mines Duvay Gold Mines East Jan 13% 340 21% — East Kelore Jan 8% 24 %C — - Kelvinator I,662 V. • __ Quebec Feb " 20 Joliet Gold Jan 14% Jun 11% • 9 27% 32% _—1 Kayrand Mining 20 ; Jrny 8% July 30c 2,250 32% • 26% Aug Jun 100% 100% — • common (1939» Feb 21% ; Woollens Gold 8 Co Mining Mines Jan — 21% 1 —2 205 Waite Jellicoe Joburke 7% Aug': 22% _ Petroleum 19% Aug 20% Aug . 27% 27 __ 23% > trust certificates Dominion Textile common 10% : 16%% 17 27% Dominion Tar & Chemical common—" Dulama 15% 24% 26% f"* 10% B——25 ••,'16%'. Voting Donalda 9oo 995 20 26% 2.^2— Coal & 19% 26% 7'/» 1 Steel & Dominion Stores Dominion _ Nickel Jacknife Gold 32%c Aug Jun Jun * common Magnesium Preferred ... - A International Uranium Mar 46c May , 14% 2,04a . • 20 10 Dominion Steel ' 2 —2 Dominion Bank Dominion class International Feb 33c Jan Jun 5c __ Coke & Preferred Jack I 23 20% Mar 7 Jan 7%c May Jan Jun 1.20 1,200 6c — 1 : - 12%c — 1 — Discovery Yellowknife Dominion preferred International Mines Detta — B 3c Jan 51 1 Industrial Accept common Ingersoll Machine class A_ 1 Jan 24c Howey Gold Hoyle Mining Hudson Feb 38c 10%c 11% Aug 150% 152% 5 100 Jan Jun 7c 13%fe Imperial Tobacco of Canada ordinary_5 Smelting Jan 17 July 8 Jan Apr 17%c Mar Jun 4c Feb 53 40 Jun- Jun 6c 750 10 ■ Jun 57c 1 Consolidated Mining & Consumers Gas 61c 31c 395 1 Highridge Mining Huron Consolidated Lebel July 9% 1,500 — Highland-Be\l 9%c May 42,909 6'/aC — 1 Mascot Jan 85c 85 65c 57c • 34 80 4%c 1 Apr Jun H% 62c 62c 822 7c 14% Jan 40c 11% — 2 Aug 50% Apr 2.98 Aug May 5 25 1 Feb Jan 103 85 1,050 10 1 Heath Homer Conduits Feb 4c l%c May 52 26c 1.32 Aug 7,500 9%c 35 15%- * 30c 11 17c 25 4.%c — -1 Jun 12'A 4 % C Mines. Carpets 7% July 1,600 Feb 3c 51% 15 % 15% -• 4c 210 28c -- * Yellowknite 12% 25c — Lake 4: 25 7c. 8c . -♦ Gold Heva Gold Coin 90 Jan 12%c 20c .1 Gold Harricana 18%c May 15c 140 2%c * Hard Harker 2.85 Jun Alabastine. Bridge Mar 10c May 2.18 Jan 11 98c May 4c 3,000 2.48 41c 1 L Malartic Cochenour 51.300 500 . Jun July 32c Jun 8% Aug 115 65c 1 Mines Chromium Ciwaiam 8% 53c — ftesearcn cnemlcal 14c 53,200 & Swayze Hamilton 2%c High 3.15 Jun 4%c 31c 20c .... .1 Lime 5C 6,500 2,000 12 V 12 1 _ Lake 1.74 6c 60c • common Mines Gold Jun 51% 5%C 1.55 35 Paper preferred Mines Gunnar 90 I'll50 _™„— Lakes Class May 1.40 56c 17,850 Preferred Feb 12% 80 » 5,000 85 5c 1 common Low 1.83 2%c . Range Since January 1 High 4%c 6c 1 Mining Shares 1.81 1.87 • Mines for Week ot Prices -tow 1 Porcupine Jun 1-22 — -—-—1 Goldhawk 98 /2 -- — * Gold Jan % 11% 10 10,545 1 Oil 11% 55c 60 , 154* 1 Castle-Trethewey 13 80 15 Jun 24 14,025 80 ; 100 ___ 78c Manitou 8% Aug 625 15 — Utilities preferred 27 — -2d Gold 9 ... 13 — 100 Tire Canadian 9 Golden Par ""4/V" • Apr Sales Week's Range Last Sale Price High 245 Jan 8% ,, 25 70c 75c Canadian Pacific Railway 1,225 ■ ? 210 15 26 Canadian Malartic Canadian .' STOCKS— Low1 10 9/2 * : Friday 225 ; ENDED AUGUST J J 1 Range Since January Share*« High 225 — W EEK for Week Range of Prices Par Canadian FOR Sales Week's Last Sale Price MARKETS LISTED CANADIAN Monday, August 22, 1949 FINANCIAL CHRONICLE 7% Aug 2% Aug 15 8 15 1.35 Aug 2% Aug Feb 20% Jun 26 Jan 25 Feb 28 Aug 7c 1.75 May 11c Jun Lebel Jones & class « B' Mines Oro Leitch Little Loew's Jun 53c Jun 1.15 1.20 11,500 95c May 59c 55c May 28% Louvlcourt -100 _ Hosiery Mills Goldfieids 5 Feb 2.90 Jan Macassa River - 31% Jan Jun 29 Jan 70 24 70 Aug 74 Apr 5 8 5 Aug 14c 16c 19c 19c 3.000 15c 4,150 8,400 8c 10 %c 8c 1.90 Jan 1.03 ; • j Jun -7% May 45c Jan 19c Jun Jan 16c - Aug, Jan 2.60 2.40 2.65 39c 46c 18,250 21c May 74c Jan 7c 6%c 7c 15,000 5c Jun 13 %C Jan 18c 18c 4,500 15c Jun 34c Jan 1.22 1.07 1.25 36,300 77c Jun 9 9 9% 400 8 Jun 6% 6% 100 6 Jun ?;:v 1 MacLeod-Cockshutt MacMillan Jun 27 % I Lake Macho 27 140 1 1 Mines Red 165 14 %c 15C • Mines MacDonald 17,850 29 19c 1 Macfie 64c 28% 14 %c ____1 Gold Yellowknife Jan Jan 1.25 Aug 5 — — «■ common Jun 86c 86c 70 28% — 10% 28 63c • A • Marcus Lunward Lynx class B London 53c 500 • Groceterias Class 500 65c 1.20 1 _ Long Lac Loblaw 100 65c 65c * •_ Gold 10% 65c 65c 1 Leduc-West Jan 2% Aug Aug Lawson Gold Export class 1 Mines— A_ * • _ _ 13,300 : Jun 2.65 Aug 1.25 Aug - - 10 Jan " Class • B _ Jan .7% " ■ (T Gatineau 5% Power common 5 % rk preferred General Products General Steel 100 Mfg class A .«• 1 Lake 17 103; 17 50 105 155 God's 20 Goldale 80 16% Mar 20 20 400 16 . Gold ^5% 6.90 15% 125 6.55 6.95 7,637 9c 10c 48c 50c 3,200 44c 44c 46c 1 Arrow _1 '■20 July 17% Maasen Red Lake Gold Malartic „ 13c 8c 3,500 13 4.75 8c Jun Jan Aug 15% t. Manitoba May & 1 2.98 3.15 ' 12,750 2.40 Jan 3.15 Aug 2.93 2.70 2.95 "" 32,000 2.02 Jan 2.95 AUg 2%c 2%c 9,500 2'/4c July 101 102 30 94% May * Eastern Feb Maple Leaf 3.15 1 Mines Fields Manitoba Sugar preferred Milling __100 * ;_ Gold 9 1 74 %c Jan II,200 29c Jun 56c 1,500 14c Jun 19 %c Feb 13c 1.000 9c Jun 16c Apr 1,500 5c Jun 9c Massey-Harrls • common Preferred __ 20 0 preferred 8c ' - footnotes, see page 42. ~ -~~ 300 8 8c 4,500 25 17 % 17% 15% 123 18% 24% 17% McCabe Class Grain B class A 0 8% __ a . McColl-Frontenac * 8% 7% - 50 20 - 12 % Z 12% 93 93 " Aug 11% Jan Jan 15c May Apr - - 23 17% Jun . 22% Jan July 27'% Feb Apr 17% Feb 8 Jun 9- Jun 25 6% Aug 7% Aug 525 10% Jun /15 y8 Jan 75 90% Jun 93 Jan 125 7% 12% „ - common — For 13% 18% . 1 (L) Jan 8c 14c Jan 16c 16%c 13c 9 10c 14c 4%c May 102 Jan 7.05 Aug 11c Apr McBrine 40c Gold Aug Marcus 9c _1 2% Apr 110% May 108% July 350 50c • Mines Goldcrest Golden Gold 106% Mar Jun 110 1 Lake Jun 2%- 1 Oil 1.55 -2 * t Globe 100% 109% * common Yellowknife Gold Mines™ Gillies 17 105 "-2- - Wares /' \'.,y 100 : —. Bakeries General Giant * — preferred " THE Number 4831 Volume 170 COMMERCIAL & CANADIAN RANGE Friday Week's Par Red McLellan Lake AlcMarmac 1 Lake Mercury [ {ligh 9%C 1,000 9c Aug 17 %c Feb 66% 1,059 50% Jan 66% Aug * 30c Jun 54c Aug / 49 %c 54c 1 Low ; 17,950 5C 5c 2,500 4c 15c 3,000 8c May 9c 9c 1,500 8c Jun 6% 380 6% Jun 6% / : 5c 6% i: V*;: v '• ^ Mid-Continent Oil _• Brick Corp Mining Apr s Creek Slck's Jan Jan f- Sigma Jan Mortgage & Inv Porcupine Moneta _ Moore Corp common 46c 1.500 37c 18% 965 17% 70 275 64 3/4 Jun 3 3 550 2% Jun 12c 12 %c 70 250 69% 46c • • 2,072 8 18 1 _ Montreal Locomotive 11 % 45c • 1,000 TTOOO 8 — Monarch 4C 6,900 8c May 13c July 7%c 1.000 5%c Jun 12c Jan 3%C Jun 7%c Mar 1.55 July 8.25 "t - ; \ , Sale Price >» ... . Brewing Sales for Week Range of Prices Shares f Gold A Range Since January 1 Low High 12% 12% 75 1.20 1.25 4,000 1.01 Jun 1.60 Jan 2.42 2.35 2.55 91,570 1.25 Jun 2.65 Aug 18 18 17% class 17% 17% 8.75 8.50 8.75 620 • 1 12% _50c ?,.Z- - 1 > Low Breweries Voting • t Silver (Quebec 1 Mining Miller Silverwood Jan • common... certificates trust Mines Class 1 Mines Dairies 33c 1 class A B 12 Jan f 8 Aug .[ Jun 60c Jan ; Aug 23% Jan 73% Jan Slscoe Gold 1 3% Feb Sladen Malartic 1 49c * 20 * Class B 18% May 18 Feb 7.00 May 6%. 37c 11,200 31c 18,200 32c Jun 9 200 8% 6 % 6% 8 24 24% 320 23 22 % • 65c 53/4 Apr 48 %c Mar 9% Apr Jan 7% Apr 24 May 8.75 Aug Jun 39c 24% • Preferred 153/4 Mar 153/4 31c •" Jun : ' 475 -1'1 37c 8% 6% Mar Simpson's Ltd class A • 12% May 8% 38c • ; 231 • High 11% Mar f 73/4 1.30 95c / . Sherrltt Gordon 12c 11% 1.30 . Winnipeg Sheep 12c 1.10 « •, ; . Par Shea's 21 %c •« 4c 3 . Week's Last V : Silanco Milton - - High July •13c * Mills 1«) (.'»< Friday 15c 1 MARKETS AUGUST STOCKS— Range Since January 1 64 54c ; 1 Red McWatters Gold Shares 9%c 66% Gold ENDED for Week of Prices Low « _ McKenzie WEEK (725) Sales Range Sale Price McDougall-Segur Mclntyre Porcupine LISTED FOR CHRONICLE " Last STOCKS— FINANCIAL Feb Aug 30 Jan 21% Jun 26 % Jan 93 Jun 99% Jan 23 170 94% 94 95 70 31c 24c 34c 29,600 18 %c Jun 44c Jan 47c 52c 15,400 24c Feb 54c Aug 20 20 125 Aug 13 %c 14 %c 100 10,200 h Morrison i) Brass _ _ Mosher Long Lac Mylamaque Mines 12c 1 ■: ,'-4- ■ 7%c Southam South Co Brazeau * • ; •• Breweries National Drug Preferred • common common _ 5 _ 5 _ National Grocers Hosiery National National Sewer 300 B_ 8 8 8 150 6 11 % 25 10 25 39 Mar 12% 12% 16% 16% 425 33 c 35c 2,000 28% 105 — 270 12 Aug 8 Feb 11% 27 ... _ 35% Mar -- 16% Petroleum class 39 12% common National 38% __ July 11% July 14 15% Mar May Standard Mines National Negus Steel class A- Car 27C Jun 47C 27 Aug 34 Jun 23% 18% 2.39 2.37 2.44 8,850 8c 9%c 10,167 3%c Mines —* Alger 4c 4,800 3c 3,600 84c 9%c New Bidlamaque New Calumet New Mines 1 Goldvue Few 83/e 3,990 11 11% 1,630 22% 22% 155 Jan Standard Radio class A ♦ 4% 4% 200 765 16 3/4 Mar Stanley * 4 3/4 43/4 50 67c 80c 22,600 14"% 15 15 Brock class Olsen Stedman A__ Bros Gold 1 2.63 Apr Steel 15c Feb Gold _ -- Gold Norzone New Pacalta Feb Steep Rock Iron Mines Co of Canada • July Jun Oils———.. ' ~ Malartic Gold Norseman North __ _ Mines Denison Inca Northland _ _ - 97/eC 4,950 5c Jun 23c Sylvanite Gold Mines __1 1.80 1.67 • 25 %c 4c 4c 4c 1,000 3c Jun — 4c 4%c 2,000 3C Jun 18c Taku 13c 11 %c 13c 56,450 7c May 14c Tamblyn Ltd common Taylor (Pearson) common 8c 8c 8 %c 12c 12c 8,750 5C 4%c 5c 10,000 , 9c 11%C River 11c 9c Jun 26c 4c May 47c May 1.03 59% Mines __ .. _ 170,250 2.55 7,450 1.70 Jun __ 5%c 5c 5%c 8,500 4c Jun 13 %c 6C 1,000 3%c May 13 %c 13 %C 1,750 13c Aug 13 %c July 40c * Mines 1 7 20c Aug 19%c 21c 10,200 19c 5c 4'/4c 5J/2c 11,000 12C 3%c Aug 8 8% 300 — 1.85 1.75 1.90 25c 25c 6 7% 10 May 13,370 1.42 Jun 500 17% Jun 1.11 Feb Gold Malartic Gold Omega 1,50 1.46 1.50 3,600 * 20c 19%C 20c 4c 4c 4,000 1,000 —* 3%C 3 %c 5,000 * 20 20 •50 5% 5% 270 8c 8c 4,500 • — ... _ . _.l — Omnitrans Exploration Ontario Steel Orange Crush Orenaaa Orlac _ — ... Lake Lake Osulake _ _* Gold Red Oslsko ... _ _ _1 __ __ -- 8c . Iron Towagmac Tower Porcupine Traders Works class Pandora Cadillac Pan Partanen 1.95 53 Union Jan Finance B class 6%C 20 Aug Upper 3% Jun 6c Jun 500 5c 45c 7c 2.42 2.49 18.635 44% 44% 855 1.4Q 11,0135 96c 7c 5,000 4c Apr 16c 18c 9,900 »c Jun 35c/ 1.25 2.02 Feb 36% Jan May 2%c 3,000 2c 3,000 35c 37%c 4,550 30c Jun 500 55c Jun '73c 73c 8c •9c 16,805 2.30 2.15 2.33 10,013 3.35 3.75 2,500 4c 4c 1,000 1 40c 39c 40c 5,500 • 39 38% 39 630 8c Pioneer Gold Powell —1 River Powell Rouyn Gold Voting Power _ 1 common certificates trust Pressed Metals Preston 85c 85c 1 May 1.06 18c B 2%c July 1 7c 1.71 Feb Apr Jun 3.00 Mar 14% 12 1 1.72 3C May class Quebec 3.05 ' . v •^vYi^o^pr 8c 24 %c 1.22 28,000 167 167 20 10% 10% 10% 10 3/4 8c 89c Jan 15 3/4 c Mar 2.34 3.75 Aug A .. He Aug 47c May 20 Mar Jun 90c 16% Waite Amulet 9% Jun r-i 0* 65c 7,100 55c 69c 34,402 40c May 15 3^ 16% 2,415 11 May 1.08 1.14 6,100 70c io% 65c 1.02 1,500 50c 17c Jun 67c 46c Jun 2.31 100 6c 4,500 125 _ Ltd _ €.70 — Royalite Oil 9c 25% 6.55 Rupununi Mines Russell Industries Saguenay St Antonio Sannorm Senator & ' Rouvn Ltd Water & For (1945) Power com. 1 Preferred footnotes see page 42. 14% 18,095* Aug " 8% Jan 14% Aug 13c 1,000 8%c May 14c Jan 27JA 25 27 30% Jan July 51 25 47 Jun 52 Feb 21 21 100 17 Mar .21 Aug 2.01 2,829 6% 61/4 2.10 146,202 5.10 5.25 5,397 8c 1.22 360 1.50 2,000 53/8 Jun 2.94 Jan 7% Jun 1.10 May 4.00 Jun 6c Jan 9.05 6,775 7,465 9 30 39% y4 9.25 293/8 9 40 175 35% 25 39 2.10 Aug 6.40 25 100 22 30 May 6.50 May 233/4 Aug Aug 15% '■i Feb 29% Jun 9 Jan 10c Jun 28% ■ . » 33 33 30 32% ■ 32% • (George) common __ 32% ...50 23 380 97 _ Wingait .Gold Winnipeg Electric 97 97 • Aug 13 Mar Feb 40 May Apr '29% 93/4 c He 17,000 21,900 6%c Wright-Hargreaves 7c 34 33% 34% ,25 Aug 33 Aug Jun < 35 Feb 25 5c 5c 2.36 2.47 Apr 100% May Jan 37c Jan May 5c 4,300 38 %c Jun 7c 1,000 2.45 Mar 90% 1,636 5c 39c _ __1 • ——. 6c • common —— 21 10 10c ...100 Winora Gold 22%" 22% _ Yellorex Mines Bear 27 Feb 4c 11 %c Jan 37% Apr : Jun 6%c Jan 2.00 May 2.54 Aug 3%C : 40c 7,800 18c 1.00 1.06 Mines Girl 2% Toronto Stock 1.75 Aug 1.07 29,775 61c Jun 3%c 2% 3 %C 8,000 2c Aug 2% 100 Jan 48c May 1.10 Aug 6c 1% Jun Feb 3 /. Mar Exchange-Curb Section V Canadian Funds Friday STOCKS— >; . Last Sale Price 1.45 3c 10 9c 69c 17 Aug Brown 1.18 May Jun 3.75 8c National Andian Jan Apr May Feb Co Sales for Week Shares 6 100 — Gold 2% 3 78 78 79 240 12% 12% 13 160 20 20% 11% 190 11% 19% 19% 193/4 115 1.90 1.80 1.95 625 Jan Canada and Dominion Sugar • May 11% Jan Canada * Mar 18 %c ,' High 4% Aug 2 1,600 100 — 2% 5 Preferred Bulolo High 6 * Range SInee January 1 Low Low 1 common Y May 70 ye Jun 12% Aug 19 7% " Jan 4 Jan 103 Feb 16% Jun Jan Feb 22 3% 113/4 Aug 13% Jan 19% 22 Jan May Vinegars 9c 500 6c Jun 13c Apr 26c 17,300 23c Aug 50c Mar Canadian Vickers. 25'/2 845 Jun 26' Apr Canadian Western 24% Week's Y Range of Prices 1.04 Jan 6.75 3,190 5.85 Feb 16,500 9c Feb 15,000 3c Jun 26 %c May 10c Jan 14% common __ — • —_• Canadian Marconi 1 • common Lumber • / — — 85 70 70 25 3% 3% 680 1.15 60 Jun July 2.00 Jan Jun 85 May 3% May 4 Apr 7.10 May 15c 17 %c 4,/2c 16 5c Disher Steel 1,625 Jun 18 3/4 Jan Dominion 190 101% Mar 103% Apr Foothills 71% July Jan International common Bridge 72 -72 55 4.65 9.858 10c 7,700 7c Mar 17c May 39c 42c 8,300 30c Jun 49c Jan Minnesota & 24 23 '/e 24 431 223/4 Jun 25 Apr Ogilvie Flour 47% 55 May 10 %c May 48 Jan Pend 20c Jan Temiskaming Mining 17% 2,500 46 86 4.65 Aug ' 167/a 16 35 %c 34c * * */; 4.30 Jun ; Oil 8'/2c 3.50 * • Dalhousie Oil 163/a 16c Mines May 13c 9.20 . 47% i 65c 13% 293/8 20' /Clas^ -A 9c 72 pfd Jun 27% ■* : common__ 41C 1st 25c 1.93 a Products Grocers W) * 4.65 Paper 8,500 8C • A Western *102 1021/2 100 Gold Mines 8hawinigan Shawkey 16% common Power preferred Lawrence San 4%c .- 35c 5.25 * (G Consolidated Paper 15c Roybar Chibougamau Apr 30c 1 _ _ class Canadian Industries 24 %c 20 90c 2.05 _ Jan 8,600 9c Jun Feb 51 Jan 4,800 io y2 25 3/8 Jun 17% 55c Jan 1.30 May Jun 25c Il%cl2%c 24 34 c 17 60 19,000 21 Jan 65c — 144 20 65c 2.01 25 _ (Hiram) Jan 65c . 20 59c Jan Jun 23c 2.31 19% ■' 143/8 -i Knitting class B__. Jun 1.10 Royal Bank Jan Jun May % # __ York 65c 21 %c __ 12 Aug 7c 59c _„-l. Yankee 12 3/4 22c Co 10% 29c -Y • • Ymir 57c 50 5c Gold 100 1,800 2,700 50 .. Jan 350 16,950 Cotton Oils Jun 11c :• preferred- 8C 1,500 12 Regcourt Roxana Jan 1.35 Mav Jan 2,500 35c Reeves MacDonald Rochette 69c 168 38c — Wiltsey-Coghlan 15 16 % Roche Long Lac Jun 156% Mar 9c Par Robinson May 69c Aug May 35c — Jan 33/b May 42%c Jan 85c / 1.75 _. 50c 2,465 22c Jan 12 Mining Quesabe Mines Ltd ■ 3.60 Jan c _ Apr Jan —1 Quemont Aug 20 Mines/ Weston 44c 35c Queenston Gold 2.40 Aug 8%c Feb Aug 5% Jan 42% 1.65 Quebec Manitou 36c 28 % •" Jan 45 % May Jun 35c _ 69c 1.03 • Mines Walker Jun 1 Labrador _ _ 65c 1.16 • _ Vicour Waterous 30C 1 Gold 65 %c | Hill Steel Jan 33% 1 Quebec 5,700 • Resources preferred Canada Jun 85c 75c 143/4 1 Dome__ East 85c • Corp 11,015 14c X. Keno Yellowknlfe Porcupine Peninsular Porcupine Reef Gold 3.50 12c • Ventures Ltd Feb 9c Jun 2c Mines. 3.40 Jan ' 6?8 Mar May 18,000 Class United 20c May 89,800 3.75 Gold 3.45 . Fuel Feb 8c 73c Crow Feb 2.60 Jun 23/4C Piccadilly Porcupine Pickle 26% July 4% Jun Corp class A 3c 18 12c Mines . 35 # A-_ Mining United 1.03 17c Consol 18c 705 _ United Jan 8c —— Gold 500 1 Transvision-Television July 88c Malartic Paymaster Perron Aug 5% _ Preferred Paramaque 1.80 Aug 35c Apr 6c ll%c 1.40 Oil Western Jan Jan 5% July 24c 5%c Ltd. 1.90 5% » A_ Exploration Transcontinental Jun 2.48 Mines 11 %c Jun 28% 100 Preferred Pamour • 25 %c 25 %c 1 Feb Jun 44% — Tubes. 1.27 21 %c Aug Jan 3C 12c Petroleum Hershey 12,050 Mar 4c 28 % Petroleums Westeel Pacific Page 1.80 16c Jan 12c 95c .. Mines. Mines 1.27 1 United O'Leary • -— 5,100 ' 20c __ Oils 2,400 1.74 28% • -Union Qas Gold 5%c _1 Tech-Hughes Gold Mines Thompson-Lundmark Gold Mines 3.75 1 __ common.. 7,500 4c * Toronto General Trusts 2.45 1 21c 21 %c 1.65 * Torbrit Silver Mines Jun 48% 10c —1 _ 1.83 July 8C 2.50 57/8c 78 165 6c 5%c July 7,500 1,990 -1 - __ Ogama-Rockland OK<a Jun 8c _1 _ . Gold North Star Oil O'Brien 1.26 9c Class North Jan 14,150 1.74 Toronto Norpick 21 %c Feb 1.74 1 Mines Apr Apr 1 * _ July 8%c Sullivan 1 Mining 15 86 Sturgeon River Gold , Feb 1.66 ' 1.67 1 13 % 85 75c Cons Apr 80c Jun 31c 48,100 Api 5% Jun Mar Aug 62c % Mar 50c 3%c May 58% 4 5 78% Mar 47c 54c Jun 90 20c 57% Aug 4 1,500 1,500 58c Aug 22% 6c 39,015 58% Aug ■11% Jun 85 65c • 8% Jan 83% 24c • - Jun 7 2.35 Toburn . 5 18% 6c 58c 1 Jan 83 23 %c 1 - 54c 84 65c -_1 . _ Mines Normetal "i; 23 %c • Mines Norbenite 1 1 Thurbois Noranda 83 'J 1 ... Yellowknlfe Nicholson 84 25 common -1 _ — Rouyn Merger New Nib Jun — Steeloy Mining 9c 1.95 May 6%c 80c ♦ 1 —— New New 1.29 Jan July ' 63/4 22% Sudbury Contact Marlon Newnorth 1.20 8 11 * 1 Jason ; New 1.23 23c 41c 3,500 * Preferred New 20 July Jan 18% 18% common V 48c 46c Standard Paving common Preferred Starratt Pipe • Chemical Mar 10c Jan 17 July Stadacona 17 ■■/■?'•./•/-'' . • National 9% Jun 18% Apr Jun 45c Jan 60 5% Feb 11% May 313/4 Jan 37 J/4 Apr 2.30 Aug 3.65 Jan 2,630 20,800 36 36 '/a 40 2.45 2.40 2.45 300 57 — 13% 26c 57 58% 1,740 43% 16% 16 16% 445 13% 100 50 50 50 18 * Paper common T47/« 145/a 14% 275 • International Utilities - Langley's Ltd preferred Ontario Faper 50 12% Jun Jun Mar 58% Aug 16 % Aug 55 Apr Jun 22% Jan * common Oreille __ 17 / 37c 9% ., 23 23 23 10 20% Mar 26% Jan 1 1 4.85 4.80 7%c 4.85 7%c 200 3.35 May 6.70 Jan 500 6c 8%c Aug 7%c Jun 41 42 THE (726) , 4W!1* il <■* COMMERCIAL & FINANCIAL CHRONICLE Monday, August 22, 1949 v OVER-THE-COUNTER SECURITIES Quotations for Friday, August 10 Investing Companies Mutual Funds— Aeronautical Securities Affiliated Fund Amerex 1 4.66 4.08 American Holdings Bond Inv Tr Electrical Equipment sbares-lc General Industries shares_lc Home Furnishings shares—lc 3.43 2.98 3.48 3.89 7.00 7.67 25.38 27.44 11.50 12.43 13.66 14.92 91.27 95.07 19.72 21.32 Manhattan Bond Fund Inc_10c Mass Investors Trust- 10c 8.04 8.05 Ctfs of beneficial lnterest__l 5 15.20 1 16.46 16.43 18.04 Boston Fund Inc Bullock Fund Ltd 1 1 25c 13.16 1.41 -1 25.16 1 16.54 18.00 20c 5 3.68 23.97 3.88 25.91 Inc_l 1.72 1.89 - Dividend Shares Preferred Eaton Fund , Stock Fund Equity Fund Inc Fidelity Fund Inc Industrial Fund Financial First Boston 10 1 Corp First Mutual Trust Fund 4.86 5.41 New York Stocks Inc— Agriculture Automobile Aviation Bank stock Fundamental Investors Inc 5.10 2 Fundamental Trust shares A—2 13.43 5 85 1 1 46.82 50.34 4.68 — 14.72 6.74 5.02 General Capital General Investors Corp Trust lc shares Aviation shares 6.31 5.32 5.84 5.13 5.35 5.63 15.24 1 1 1 1 1 1 . MaturityCertificates 1%% 100.1963 tl%s .2084 Indebtedness— 1. (cont)- 1950 100.0946 1, 1950 1, 1950 Bid Ask .0394 IIVis June 1, Dec. 15, 1949 100.0916 .1234 IIVis 100.0763 .1080 mo in«o — IIVis Apr. - i 5.62 .1165 .0835 1, 1950 July 100.1361 .15ao — 1, .1950 100.1238 — 100.1513 .1683 Dated Doe Bid Ask Rate Dated Due 7.58 $- 1-49 bl.25 1.10% 1.55% 4- 1-49 1- 3-50 bl.30 1.15% 1-49 9- 1-49 bl.25 1.10% 1.50% 7- 1-49 1- 3-50 bl.30 1.15% T.20Yo 1.60% 1- 3-49 10- 3-49 bl.25 1.55% 5- 2-49 2- 1-50 bl.35 2- 1-49 11- 1-49 bl.30 1.10% 1.55% 6- 1-49 3- 1-50 bl.35 4- 1-49 11- 1-49 bl.30 1.20% 1.10% 1.55 % 7- 1-49 4- 3-5f> bl.35 1.55% 3- 1-49 12- 1.20% 1-49 bl.30 1.10% 1.35% 8- 1-49 5- 1-50 •Bl.35 1.50% 8.31 10.01 Ask 1-48 6- 1.55% 1.20% 5- 2-49 12- 1-49 bl.30 1.10% 1.35% 9- 1-49 6- 1-50 bl.35 1.20% 11.18 10.20 Bid 12- 1.50% 6.99 1.10% 10.97 11.34 10.69 3.63 3.98 10.15 11.12 9.51 10.42 lc 6.79 7.45 Electrical equipment 1 6.84 lc 5.81 6.38 Insurance stock 1 11.37 12.46 8.34 9.14 Machinery 1 9.34 10.24 lc 4.35 4.78 Merchandising 1 9.89 United Stales 7.50 shares 10.84 Fully Administered shares—lc General bond shares lc 6.76 7.41 Metals 1 7.72 7.81 Oils 1 15.51 6.41 7.03 6.95 7.62 Investing Company shares—lc Low Priced shares lc 7.60 8.33 Railroad 1 4.52 5.65 Railroad equipment 1 5.80 7.27 5.05 7.97 5.54 Steel Tobacco 1 1 7.15 7.84 10.59 1949_ Ask 13, 1949 bl.04 0.95% 0.93% Oct. 20. 1949 bl.04 0.95% bl.04 0.93% Oct. 15,. 1949 bl 04 0.95% NOV. 3> 22, 1949 bl.04 0.95% Nov. 10, bl.04 0.95% Nov. 17, 1949 bl.04 0.95% 27, 1949-1949 _ 0.97% _ 1949 bl.04 — 0.99% 11.61 5 8, Bid Oct. bl.04 — 0.85% Sept. 6.36 lc lc 1949 Treasury Bills Ask bl.04 Sept. 4.95 5.15 1, Sept. 11.21 9.40 Pacific Coast Invest Fund—1 Public Utility 1 10.23 8.95 shares lc lc 1949 Sept. 17.00 Industrial Machinery Bid Aug. 25, 8.46 7.12 Institutional bond shares .1481 — 1950.^ Federal Intermediate Credit Bank Debentures 6.16 6.38 Equipment shares lc shares Atk Bid lndebt of Feb. 100.0283 Rate 9.96 9.09 Electrical 15 shares Merchandising Mining shares —— lc 7.38 2.33 2.57 Petroleum A Trading Equipment shares —lc 3.31 3.64 Putnam (Geo) Fund shares ^-lc 3.86 4.24 4.57 4.83 Republic Investors Fund Russell Berg Fund Inc Scudder, Stevens & Clark Sept. Oct. 29. 6, 1949 1949 Railroad Steel stock * lc Shares Tobacco 4.16 0.99% . 1.00% 48.90 48 90 10.0& 10 86 19% 20% 6.05 4.55 Selected Amer Shares— 1.60 1.80 Shareholders Trust of Boston—1 1 • 10c 5 Fund Inc (new asset value) _• State Ltd— Shares Aviation lc Group shares shares Insurance Group shares Bank Group -lc 1.01 Stock and Bond Group lc Investment Co of America—1 11.44 12.54 24.12 26.22 Boslon_i.-i of 7.35 • 8.06 13.1-5 Series B Series C 13.45 B-2 (Medium Bonds) —1 Grade Bds) 1 Bonds) Priced > 1 28.37 27.14 24.77 22.70 , 15.57 - B-4 (Speculative Bonds)—! 9.13 K-l (Income pfd Stocks) 1 14.73 K-2 (Appreciation pfd Stks)_l V 19.73 8-1 (Quality common Stks)_l - 26.39 16.99 9.96 16.08 < 21.52 28.79 Stocks).,...! 8-2 (Itacome 8-3 (Appreciation com 13.72 14.97 Stks)_l Stks)—1 10.42 11.37 com Bank 6.14 & 49.50 8.75 1 of Manhattan New 1 1 17.55 Chase 20.94 1 10 Diversified Series Trustee —— 9.82 Corn County 8.59 9.78 18.83 15.79 16.98 3.49 Fund—*. 4.23 4.62 —1 4.39 94.79 96.72 3.78 Trust Federation Bank Fiduciary Trust First. National 46.23 47.17 32% A Trust _10 Guaranty Trust ^100 —1 2.20 2.49 J 3.50 Irving Trust Kings County Trust. Lawyers Trust l_. 2.18 Manufacturers Trust & ' Series 1956— (J P) 16% Co. Inc Co York Trust— 25 Public Nat'l Bank A Trust.17% Sterling National Aetna Casualty & Bid psr 57% Zl, %.■ 10 American Automobile 87 55% £ American Alliance 84 lo 23 —4 American Casualty 3 American Equitable-Assur.—5 " Home - Insurance of N Y Maryland Casualty 24% $2.10 13 Ya ■14% 21% r- 23""" 13s/8 15% 19% 21 31% 33% 25 58% 61 1Q ... _ . American Re-Insurance American Surety Automobile 44 - Merchant Fire —, lo v , 51% 5 23% 24% Shippers 25 Boston 10 90 5 28% Amsterdam Casualty 28% 65 67% 20% 22% New York North Fire Oonectieut 5 General Life. Continental Casualty.. Crum A Porster Inc „ . Fireman's Pund of Frisco Firemen's of Newark 2^1* Rubers Fire 343Z 2 34% 34 36 Phoenix 58% 61% Preferred £ V 64 Providence-Washington lo 33% 2 iq 88% 67 82% 85% .17% (N Y)__ (Texas) lo 15 28 30 49 51 10% 11% ' 33 2nd preferred 15 87 Great American —5 34 Seaboard Surety Security (New Haven) v 35 Springfield Fire & Marine Standard L Accident Travelers 5 14% 5»rtford Fire Hertford Steamboiler 10 10 37% 35% 135% 39% ' 295 - .** . ■V 33% 31% ~ "* " 63% 66% 50 53 ' 42% 44% 27/aS— 1979 Lt & 27/e« $2.50 Ask -- k._ pid_5o > 51" 50 > 4.75% 104(2 Conn Gas St Elec— preferred Lt .103% 100 $2.20 pfd Pow & 1*. J04%- 54%, 55 104 1979 105 Ya 1978 105 Y State Elec pfd 4% ■% 103(4 3s Bid - -- 104 VV^ 105 Va Elec Par - ' k__ Ltg 2%s__1979 Pacific - • & Gas— Gas (series 5% 105 1949>—100 pfd—100 & red 1st •" ■ 108% 106 Va 110 Elec— 28%" 28% 103%; 104%. 105 107 25 pfd 106 England Power 3s North States Pow Power 104(2 3s 1979 '. Ohio lj 10 k__ pfd—100 ( 4.40%—100 108% 105 pfd.100 109% " - 106% 105V4 . ' I 4. •• of Indiana Elec— 106%- $4.75 preferred series G—100 • 108%. ¥ U A t 3s__1979 f ~ 103 . San 104 '■ Diegq Gas -4% % & Elec— ... . 20 -100 106 21% 21 preferred * 106% - 101 101 Staten Island Edison— 91% 52% : Westchester Lighting 3s —1979 - k <4.90% ; preferred * ' 36% - 47 745 V 36% 7.70 56* 58 65 U 8 Guarantee 75 79 21% 23 % <4.70to (Colorado) Pub Seiv of Okla -4.65"% J s. - Ser f r 62 10 v 105 3s_—...1983 : 34% " Pub •" 1978 Pacific Gas & Elec \ ' ' ' Public Serv 491| 100 Potomac Edison 105 4%Yv pfd._100 Rochester Gas A 35% 34% 45 105 V^t 1 3s Pow.& Lgt 104 —1978 (Wise) 4% Fidelity & Guaranty Co__2 U S Fire 4 Westchester Fire .20 . Ariz Lt & Pwr New 89% 4 10 10 -US 33% 131% & 10212 15% «fi3i ' 10 290 100 ' 275 ... Caterpillar Tractor $4.50 pfd 100 , Penn 91 35% Power Tenn Gas Transmission 3s_1963 St Paul Fire A Marine ; s Stocks— Atk 105 V* Narragansett 18% Republic ~ Okla Gas & El 5V<% 58 % 10 Reinsurance Corp : 104(2 1974 - 1967 New 55% 69 - Natl Bank—100 Security Issues Bid ... Kentucky A W Va Pow 3s_1979 09% 12% 10 65 VSbus^ 35% v N 514 60 34 y 116 lo 64 . 16% nn 25 10 675 10L Indemnity CoI Peerless Casualty Co J® Telephone of Pa 38^. Kansas Pow 27% *96 Pacific Fire 5 *J«- 15% 25% 12,50 Accident "J " : ' 8 7% 45% Pacific 10 • Central Hudson 36 % 43 35% • 1 Delaware Pow 100 •581/a .10 Bank of Amer N T h 8 A. .12% 36% 5 Detroit. " Cen 56% 5 33% ' 83 645 29% it 56 5 com 54 96 5 General Reinsurance Corp 10 10 , v.mI~" Globe A Republic 27^ lo 10 —"j;","::: Fidelity St Deposit of Md 10 2.50 of Francisco San 8% 10 ^ Fire Aasn of Phila Fire River Bank 42 Michigan Cons Gas 3%s Northern . Employees Group Assoc Employers Reinsurance Bell 30% 71/, 10 < . 30% 95 . Camden Bonds— . 4 New Hampshire Fire „ A Yi 33 • Recent 48% Duke New 46 _ Bankers 27 • - Portland , 89 % 86% 16% 10 - National Casualty (Detroit). National Fire National Union Fire - National Bank —12% United States Natl Bank——20 J 43% 77 100 50% 15% 5 Assurance Merchants & Mfrs _ Casualty.5 12% • 32 % 46'/, ' American Fidelity & American of Newark 520 y • 114 1 Prior 315 - Ask 3« 110 20 common preferred $1.05 Convertible preferred Massachusetts Bonding.^. -45 gf 4 5 10 ■ Insur Co of NorthAmerica - 199 - 25V2"*' First 234 ' 40 • 12 United etates Trust-: Aik 10 Surety ▲etna Insurance - 25 Title Guarantee A Trust Insurance Companies ;.i7% 52% 41% 12 % " 31, ' 16 / . ^ 44 228 100 City Bank. 20 ■ • 1.360 50% 20 -i _ Bank Peoples Hrst National Bank & Trust—— ' 30 .. 42 ' • .... . . . Melton Natl Bank & Trust 289 . .100 1,320 „25 .295 City Bank Farmers Deposit 32 ! 1,360 . ; —10 190 100 100 ,'500 l-i Pittsburgh " .17% - • 27 New Par 280 < Industrial Bank of Commerce. 10 National 9 16% , 1001,300 ' 7.35 ~Shares 94 10 'J 30% — Bank : 80 Vz. 34% . 91 - 100 Savings Co ;i. .•;?' Detroit-r- 54% National 6.77 Amer Trust Shares— Series 1955. - -' 52% :_50 Bank & Trust National Central . - 78 185 10% National Plains, N Y)—_—16 Trust—33Vi & Cleveland 50% Ask 175 «!.^- i'i- ■; '■ •••:*• Irc * 44 Ya 9% Co Trust Ya 48%- Exchange Bank A Trust.20 (White North - ■t 37 % Bank National Harris Northern Trust— A l J2 50 Independence Trust 4.81 Mutual Fund...* LoomIs Bayler Second Fund-—10 Loomis Sayies First 94%- - 42% —20> i __ Morgan 8-4 (Low Priced com Knickerbocker 35 • 133 91% 10 Empire Trust Shares— E 128; - 15 Trust & Bank Stamped 17.25 Bank Bank I Trust Co Continental " 6.75 .9.03 National 43 41 .100 — 100 Illinois National Commercial National Bank St 5.84 18.43 — City Natl Bank & Trust 336 321 Bid Chicago Continental 100 Trust) Chemical 18.67 Par 25% 2418 York Fifth Avenue Central Hanover Bank A Trust 20 72c 64c 25c Co—10 Companies Atk ■ the Bankers 9.54 Bid York of Bank 96c 87c 46.50 ; Union Preferred Stock Fund—1 Union Common Stock Fund l United Income Fund Shares 1 Wall Street Investing Corp _1 Wellington Fund 1 Whitehall Fund Inc 1 Wisconsin Investment Co 1 ■-"> Unit Type Trusts—\ Keystone Custodian Funds— B-l (Investment 10c Par New Brooklyn Trust 1.12 Trust 1 Inc Co Street Investment Corp.* Television Fund Inc Trusteed Industry Shares Union Bond Fund series A 84c 76o lc Investors Management Fund_L-l Invest K, 5.60 Banks & Trust 8.27 7.55 • 2% Sovereign Investors 21.77 20.14 Standard :B-3 (Low 2.38 28.13 5.52 4.21" Incorporated Investors Investment 2.17 26.16 4.40 - Income Foundation Fund Institutional 14.60 1 1 lc Howe Plan Fund Inc 15.67 ——1 lc Bhares Utility shares _ . 8.09 lc Railroad Bond RR ***; shares shares Petroleum _ Price Ask 1.60% Chemical Food 103 4.81 Building shares _ 100.10 ,100.18 102.22 — 3.51 14.21 Bid 1, 1949 IIVis Jan. 3.55 3.21 1, 1955-1953 IIVis Mar. 5.85 3.25 2%s Feb. ,1 .100 1.45% — 6.92 lc lc Agricultural shares Automobile 1 1 119% 1C0.7 99.24 — 2.99 4.40 Building supply Chemical Corporate bond series 1 Diversified Industry 1 Diversified Investment Fund_l Diversified preferred stock—1 Group Securities— Ask 100.3 — 4.42 1 l%s Jan. l, 1952-1950 1, 1953-1951 1950-1949 6.78 4.04 2.74 Low Priced Com Stock Series 1 New England Fund 1 5.93 4.65 series stock Common stock series 6.20 1 1 l%s May 118% .1961 1950 11 Vis Oct. 6.36 1 Selected Group Series Franklin Custodian Funds Inc— Preferred 5.82 100.7 Int. Rate Certificates of 7.21 1 Series 6.60 1, Dollar 9.12 1 l%s Oct. 100.5 Maturity-— 14.28 8.44 100.3 Treaaury Notes— I1V4S Stock Series Industrial Stock Series 30 5.39 28% Stock 13.30 —1 1 1C0.1 » U. S. Certificates of Indebtedness lAprl1 1, Income Series Speculative Series Howard— A Balanced 1 Nation-Wide SecuritiesBalanced Fund Notional Investors Corp National Security SeriesBond series Low Priced Bond Series 26.90 Fund 5.46 3.56 Fund Inc_l Mutual Invest Fund Inc 5.93 14.38 1.55 Investment Non-Ferrous Metals Paper shares Petroleum shares Steel shares Mass Investors 2nd Century Shares Trust————1 33.14 35.64 Chemical Fund 1 13.45 14.54 Christiana Securities com 100 3,350 3,500 Preferred U00 134 139 Bid 4.65 3.53 point a Bonds— 3.84 4.22 lc • 1 of America * Bank 3.29 7.35 15.09 5% 2(4 1 1 32nds of more or cr Panama Canal 3s lc lc lc one Federal Land A*k Bid 3.71 6.80 13.88 4% 1% -5 Bowling Green Fund Inc Broad Street Invest Corp Delaware 3.93 3.11 3.36 4.00 9 Corp Commonwealth 3.71 3.65 Beneficial Corp Blair 3.36 1 Axe-Hough ton Fund Inc Axe-Houghton Fund B Banks— l%s Sept. 15, 1949 1%S Jan. 20, 1950 Other Issuea 8(4 A Loan 3.39 1 " Ollstocks Standard series Home 3.07 2 Shares Business Shares Federal lc Business Equipment shares-lc 32% 31V4 Figures after decimal point represent Ask Bid Par Managed FundsAutomobile shares— 5.12 3.73 10 Obligations Of Government Agencies Mutual Funds— 1V4 Inc Holding Corp Associated Aik Bid Par a Odd lot sale (not Included in included in change, n Admitted liquidating issued, x year's range), to dividend. (Un) Ex-dividend. •No par value, e year's range).- bBig yield price, Ex-interest, trading N. Y. Admitted y-Ex-rights. tin default. z f Ffat CuTb. to r d Deferred delivery sales (Jtot^ price,, k Admitted to listing on N. Y. Stock Cash sales (not included in year's range), t Unlisted Trading privileges, wd When delivered, Ex-stock dividend. IThese bonds are subject to all Federal taxes. ' Ex-V Exwi When THE COMMERCIAL & FINANCIAL CHRONICLE (727) Week Ended ;• THE COURSE OF BANK CLEARINGS Third Federal Reserve F Bank clearings this week will Preliminary figures compiled by show based us, decrease a with compared a ago. year cities of the country* indicate that for the week ended Saturday, Aug; 20? ings will bfe 5.4% below those of the corresponding week last year. total stands at this center there is gain for the week ended Friday of 3.5%. a for the week follows: summary - " ~ * Our comparative 3,223,147 653,000,000 2,893,804 3,251,791 5,609,657 n 5,242,631 2,397,012 3,684,525 YorkDel a wa $4 re—Wilmington. —10.4 5.6 6.3 788,000,000 —11.0 2,693,859 4,362,631 — 6.5 — —45.9 4,431,727 —16.9 ll[821,344 839,425,630 1.812.335 7,393,900 + 894,449,154 1.8 11.6 9,877,767 . Total (11 cities) 6.2 — 824,319,536-1 Clearings—Returns by Telegraph Week Ended Aug. 20 'J 1949 j York New Fourth Federal Reserve District—Cleveland- 3.5 $6,579,530,041 $6,'356,038,' 159 686,870,803 604,978,139 +13.5 Philadelphia 890,000,000 1,062,000,000 —16.2 438.917,319 452,607',868 __ Boston San + — Ohio—Canton 305,137,283 —14.0 Francisco 338,077,000 309,235,778 —14.6 Cleveland 286.977,516 340,982,551 215,182,477 224,177,528 —17.9 28,998,400 4,922;953 —26.9 Ten cities, five days Other cities, 788,899,793 $10,184,768,292 $10,-289,534,306 fiVe days... Total all 2,729,091,185 2,300,523,125 > $12,485,291,417 $13,018,625;491 citlelr, five days All cities, one day - in 780,751,540 473,739,219 . Total all eitief J — . — $13,059,030,636 $13,799,377,031 issue of ..next i week.. We cannot furnish them — 4.0 (7 cities) West Virginia—Huntington Virginia—Norfolk. 1.0 —15.7 2,501566 — 4.1 District of —26.5 — Total 5.4 1 In the elaborate -detailed statement, however, which we present further below ffwe are able to give final and complete results of the week previous—the week For that week there was'a decrease of 7.9%, the aggregate of clear- *ending Aug-. 13; week in 1948. same located and from this it are that in the New York District (including this city) the totals suffer by 15.2%, in the Richmond Reserve District by 4.3% and in the Atlanta Reserve $ District by 7.8%^;:The Chicago Reserve District records a loss of 15.9%, the St. Louis Macon Mobile decrease is ? J 6,$%| m • the' Dallas Reserve District 10.7% . furnish Total (10 cities) >5;- Seventh Federal Reserve SUMMARY . —12 " Ll—--11» «fd-Philadelphia 6 th 8 Richmond 9th > 6,457,506,259 H >' • Minneapolis " .398,134,664 . — 502,733,670 " ? We . now — 6,875,192,507 I 809,380,948 > 380;566,256 358,310,975" 487,316,972 386,209,834 —— V; : Worcester. . ; . ' ——, Des Moines 29,477,094 SiouxCity. ; — Missouri—St. ' ; New Haven 6,298,935,743 \ ■ f'. . , ' • 7 \ ■ - - 1 Total (12 cities) _ v'7-v 74 > - V V'../T . 7 HfOr York—Albany?. — $ • Buffalo Ehnira — v ' *1,597,484; ; , 3,477,538 . 'Syracuse 1,496,386 394,827,036 388,631,384 5.0 1,635,304 ^ i* ; Connecticut—Stamford-^x—| y 10,733,732 • •:i 24,546,000 1,530,986 804,617,342 . 234,400,000 217,800,000 7.0 99,912,022 06,396,390' -3.2 67,460,933 65,196,231 - > -4.7 435,964,252 — 1,960,895 1,173,635 403,733,850 380,566,256 . 9.4 District—»Mlnneapolia 6,421,670 —10.9 239,928,761 271,175,835 —11.5 80,715,007 79,950,349 > 8,512,116 5,719,756,: 6,383,638 Total {7 Oitlesy..— 349,208,948 + 6,399,354, 249,152,156 81,047,356 6,763,499 1.0 5,425,227 223,597,362 3,403,523 69,832,451 5,658,622 2,662,951 6.6 3,166,903 2,718,314 4.0 8,378,184 7,597,073 —8.8 358,310,975 317,492,000 —25.0 —11.2 — + r —22.1 508.543 440,655 698,816 8(259,042 121,802,695 8,540,377 7,665,068 + .11.4 —15.3 . 473,867 — 659,588* 7,171,450 > 121,051,684' 9.5 9.5 11.322,519 13,363,462 T 264,0.76,501 333,742,891 "^11.0 2,684,150 11,814,577 2,696,727 2,431,024 2,239,737 413.239,051 502,733,670 j 8,058,320 > Colorado—Colorado Springs (10 cities) — + . ; 7,498,885 < 10,721,0401 —20.9 10,510,888 St. Joseph : 290,384 485,975 5,651,742 92,969,463 5,343,457* . J —35.7 — X* Missouri—Kansas City. Total + 15.4 449,339 Omaha_ 720,509 . 382,872,986 7,480,501 110,235,209 Lincoln Pueblo— 605,899. " Tenth Federal Reserve District—Kansas City— — 5.1 + 8,335,808 324,088,584 261,200,123 8,439,495 11,697,570- 2,113,376 0.5 8.5 1,806,359 1,840,928 y : - 1,687,026 487,316,972 386,209,834 6,878,975 6,400,550 207,738:000 —16.8 184,527,000 Eleventh Federal Reserve District—DaHas— 4,953,662 1.0 26,314,511 1.5 22,195,800 > 7.4' 8.247,259 % r-:: i,i87,4ii Galveston - ' 1,014,319 209,119,925 Fort Worth 21,548,400 . + 2.3 ' - 8,972,996 , •; * Texts—Austin Dallas— 8,204,949 —19.7 - i 4,593,427 20,892,50-5 ; 26,978,828 5,108,000 •5,155,000 Wichita Falls > 4 —12.6 + 27,071,9075,413,439 0.9 5.5 3.862,061 10,000,714 s —10.3 3,650,032 — ' 8,972,098 , —11.3 235,651,339 23,571,900 , — Louisiana—Shreveport508,659,723 v ' 3,014.883 22,116,617' 4,109,000 2,320,428 7,547,580' - 7,963,130' —11.2 473,717,937 462,077,432 Total (6 cities) 258,716,214 289,659,282 —10.7 227,030,145 258,080(334 ' ■ Newark 3,428,527 77,792,332 1,674,282 2,107,092 New-lwuoy- 6,225,685,590 6,503,938,253 21,210,702 11,925,166 12,984,135 11,204,937 11,425.010 ■ 591,909* 37,350.6*59 - Total (12 oltlMV ' , . --"K' !-> 30,563,405 70,620,961 587,269 NSw Jersey—Montcldir—- Nnrthpm -12.2 73,527,227 1,883,177 395,180,145 1,701.442 — 5,425,772 -s 17,312,336 ——.—.v m2— —^ 106,953,848. 1,794,398 St. Paul 4,571,700'.; 23,440.939 ' 1,915,639 ;> — 874.053.4i0 l'\ 2,059,067 3.217,641 ' 'Rochester 4,039,446 2,584,304 .5,874,797 32,790,291 _ : '• 2,830,926 10,445,308) 3,235,495 —15.9 253,600,000 99,492,261 71,193,486 Wichita j. 1,773,660 451,824,177 . •NewYork, 10,228,148 804,977 632,291,122 :>->7i;':7'*V;';/:! - - 994,190,418. 222.700.000i Minneapolis $ 6,944,683 1,587,855 Blnghamton Louis Ninth Federal Reserve 19J6 Second Federal Reserve District—New Yerk— •• —12.0 Hastings 1947 —11.3 ■m - 3,026,576 22,146,555 > • . — 4.9 t 2,876,448 . 1,080,442 680,552,2372,769,281 12,909,443 4,903,475 —22.0 ■ 47,524,067 12,566,246 + 10:9 Nebraska—Fremont Aug. 13 ' \ — 4,664,490- Minnesota—Duluth^ each city for the —11.0 -;rl>43^4l> : 23,798,735 836,452,349 , Total (4 cities) 5,843,977,893 7,679;721 19,706,900 NOW Hampshire—Manchester 3,704,853 8,786,319 1,978,092 10,571,045 ^ 3.8 9,138,893 5,147,738 Rhode Island—Providence — ..5,173,606 3,456,330 Helena. ' ■ 51,527,400 f 3,254.067 12,864,780 ,10,039,156 4-..:; Kentucky—Louisville——.; Tennessee—Memph J s Illinois—Quincv ^ 23,683,975 : 3,034,996 • ' ^ •> 0.9 27,415,921 ;.>• + 7.5 13,516,596 + 2.3 1,192,060 —11.6 779,738,383 —20.1 ■ 1,054,047 623,317,856 Chicago- 4,748,521 i + 3,821,699 13,830,913 Illinois—Bloomington 4,862,221 44,372,000 48,129,000 4,958,021 59,002,493* .3,676,985 . 2.3 + —13.8 3,780,680 4,245,497 6,810,871 _ Connecticut—Hartford: • > —20.2 6,587,224 ,,»> 3,967,126 1,761,341 - ^2,720,976. »'59,352,293: . Iowa—Cedar Rapids 6,020,177 52,553,000 3,355,767 —11.7 937,611- ■t. 12,492,894,458 —12.7 1,909,586 . 730.768 ; r' 8,326,512 5,340,028 Montana—Billings 12,473,973,448 4,629,932' —17.4 423,884,868 1,814,077 New Bedford—_—: 6,971,147 4,949,982 North Dakota—Fargo— South Dakota—Aberdeen Dec. '/c 1,962,484 r" 374,414,743 t ; - 1,196,"*59 10,169,816 5.1 Kansas—Topeka— 3,826:007, "Lowell—. 1,827,837 2.0 227,030,145 Inc. or* $ 1,713,071 N . ;Fkll River—— : 517,920,730* + 27.1 626,697,567 7.9 - 1948 $ ■——...— Springfield 542,273,263 — 258,080,334 : -11.4 6,849,991,297 Itassachusjettsr—Boston - 7.8 — 4,801,759 ;; ; Wisconsin—Milwaukee. ' .. 101,829,472 — 686,'963,952 —10.7 : —T 400,704 96,598,183 6,647,982 —5,680,197 Terre Haute 317,492,000 First Federal Reserve District—Bosten— i— 406,883 —12.1 1,680,152' 53,779,000" . SouthBend 804,617,342 403,733,850. —12.6 6,072,123,599 -Clearings at— .Portland-.- V - 517,920,730 add cur detailed statement showings the figures for Maine—Bangor —10.9 ■ 71,485,376 5,618,237 5,903,564- 11,304,818 , Indianapolis 370,988,909 542,273,263' 874,053,410 289,659,232 1949 >' —10.6 2,996;215 63,131,130 ' 714,720,788 9.4 Week Ended • 79,171,9821 ' • . 383,635,276 ! —16.8 13,353,929,550 — 8 week ended;Aug;13 for- four years: ! 3.455,633 72,304,075 0.9 4 Eighth Federal Reserve District—St. Louta— 3.8 — 789,446,294 12,297,809,189» ———111 cities Outside Newr York City— + — 6,307,055 Springfield— 462,077,432 i ToUl 6;7 4.3 13,209,045 58,035,032 197,800,000 3,415,519 201,900,000 3,552,758 0.5 — 590,014,138 2,135,106 Indiana—Fort Wayne - 758,398,805 4.3 258,716,214 ■ •, 10 San FranciscocL- * 824,319,536 7.8 690,125,322 " 6 Ilfh Dallas 6.2 —15.9 382,872,986 418,235;051 — 435,964,252 349,208,943 — 994,190,418 > lOttr Kansas ;City-|^-r--10H; "5; 112th, 415,839,330 395,180,145 :S;v; 6,423,169,138 —15.2 590,014,138 836,452,349 " $ 4.5 788,899,793 7 - — 15.191,482 ' 63,788,703' 8.4 1946 473,717,937 — 894,449,154 669,063,750 ,■ • - —W.I 6,761,200,510 : 543,932,680 . Dec. '.'c S 4 16 - LouIs«l-'- — 11,075,956 Lansing- Total (16 Cities) 19471 imc. or • 508,659,723 839,425,630 • 10" 7th Chicago 8th St. 1943 451,824,177 ? i'th' Cleveland-------'-— .7 *' 8th Atlanta 370,988,909 District—Chicago— Grand Rapids CLEARI2 gsf^( BANK $ 12 Cltleg York— OF 1949 Federal Reserve Districts 2nd New 543,932,680 Michigan—Ann Arbor Decatur by Federal Reserve Districts: a summary Week Ended Aug. 13 lit Boston 383,635,276 86;735,186 6,926.930 452,524 106,855,128 93,883,557 Peoria we 4.3 1 413,223 Orleans RockfOrd^ following 2,773,961 180,121,128 62,052,016 4,315,039 >3,610,02073,167,452 85,990-745 v.;.; 6,192,508 Mississippi—Vicksburg and in the San Francisco Reserve District 12.6%. *n 63,914,185 221,200(000 3,454,548 73,568,373 —— Louisiana—New Reserve District of 9.4% and the Minneapolis Reserve District of 8.8%. In the Kansas ; 195,586,012 8.8 17,118,532- —14.2 69,633,327- —15.1 59,118,420 Florida—Jacksonville. 1 4 1.7 + 415,339,330 202,600,000 4,023,899 Alabama—Birmingham In the Cleveland Reserve District the totals have been diminished <^ty; Reserve^ District t- the 9,129,000 114,321;566 — 68,944,712 Nashville decline a 4 Of 4.5%, in the Boston Reserve District of 11.2%, and in the Philadelphia Reserve > —13.4 199,685,598 398(134,664 Georgia—Atlanta Augusta— We group the cities accord¬ loss of 4.2%. a ing to the Federal Reserve Districts in which they ''District of 6.2%; 3,762,821 3,258,003. 75,032,857 2,591,238 11,001,000 107,523,644J 2,964,232 Outside of this city there was a loss of 11.4%, the bank 4 clearings at this center having recorded appears 2,646,203 i 0.6 + —15.1 196^226,865 Columbia—Washington (6 Cities)- —18:9 128,219,547 Tennessee—Knoxville——14;687,407' I'ings for the whole country having amounted to $12,297,809,189 against $13,353,929,550 • 714,720,788 Sixth Federal Reserve District—Atlanta— has to bie estimated. cases | ; 758,398,805 12,141,000. 108,901,373 Carolina—Charleston Maryland—Baltimore ' i 3,445,154 5,843,027 247,928,739 3,085,652. 12,214,000 Richmond-.— today, inasmuch as the Sveek Accordingly, in the above the last day of the week in all I; 5,674,474 260,225,703 — Fifth Federal Reserve District—Richmond— !>i eiids Saturday.and the Saturday figures are not available at time of going to press. J: in the 3,982,558 9.9 — ■ .M Total Complete -and exact details for the' week covered by the foregoing will i appear ; our 6,806,319' 2:2 —13.2 269,480,679 South : 6,451,206 —15.8 Baltimore 41,251,600 280,528,412 24,192,800 669:063,750 6:9 314,693,000 146,331,450 297,526,554 -6,653,769 242,846,886 Pennsylvania—Pittsburgh 264,217,162 6,965,149: 157,025,967 —20.8 3,539,467 Youngstown Pittsburgh —20.0 —12:6 302;"3a,036 Mansfield. —16.9 296,300,000 7,858,910 155;649;296 33,885,300 Columbus .900 10c 239,773,933 Cleveland- 3.0 253,479,974 ... c 136,016,259 Cincinnati- 254,900,000 City. St. Louis' 809,380,948 1948', ■■ Chicago. Kansas 919,742 2,833,366 778,000,000 2,588,392 4,237,406 2,071,329 4,043,084 5,771,922 6,964,835 3,975,508 4- 7,644,692 10,593,831 £ 1,080,447 870,425 1,168,712 2,965,297 — 2,831.0^2 7,783,419 New Jersey—Trenton 1,250,399 813,128 9.8 — 799,000,000 Philadelphia Reading At 1947 3.9 — 1494,410 3,414,022 Laneaster- Our preliminary week in 1948. same 'it' 1,216,042 1,070,345 Wllkes-Barre $13,059,030,636 against $13,799,377,031 for the or 1,261,920 1,09-3,85 9 Chester fQr all cities of the United States from which it is possible to obtain weekly clear¬ Aug. 13 Inc. Dec. S '• \ 212 544 , Bethlehem clearings 1948 ■ $ ' _ District—PMladelphia— Pennsylvania—Altoona telegraphic advices from the chief upon 1949 '■ ■/' 43 41,147.979 43,307,905 54,336,884 6,457,506,259 6,761.200.510 + — — — 7.3 35.538,614 32,550,059 6.2 2,650,586 2,390,991 9.2 82,209,377 72,787^65 5.2 1,421,507 1,269,660 9.1 1,976,407 4.3 6,175,037,705 —18.4 18,313,040 17,610,529 10,341,289 10,572,569 — — — — — 8.2 1.9 0.8 1,671,730 ■ 6,648,916,565 10,-279,554. - 844,737 —20.3 45,554,547 4.S- — Yakima 3,602,703 136(973,757 46,464,371 14,100,686 9,723,101 Utah:—Salt Lake City. California—Long Beach Pasadena - San Francisco . San Jose Santa Barbara Stockton _ — 349,139,067 11,354,529 4,469,568 7,619,105 : ■ . V . 58,199,708 11,693,799 — 1.3 —14.8 —20.2 + 20.6 + 7.6 9,036,197 398,640(694 —12.4 12,884,966 —11.9 4,240,221 8,859,660 99,641,018 —12.2 + 5.4 --14.0 ' •• 3,939,743 109,910,196 45,867,342 9,768,219 8,104,502 383,992,590 12,927,045 4,206,212 94,013,992 3,795,847. • 95,199,675" 39,990,028. 2,809,807 - 7,733,024{ 361,113,818 10,602,6821 3,247,476 8,607,085 8,191,218- 686,963,952 626,697,567- 8,485,351 • 39,001,775 — Washington—Seattle Oregon^—Portland '- 121,478,330 3,650,586 160,762,133 106,678,435 ' 9.2 — i Twelfth Federal Reserve District—San Franclsse— 6,423,169,138 528,939 35,414,833 . . 42,994,016 6,875,192.507 Total 690,125,322 (111 cities).. Outside New York-—-.. tNot included In . totals. * 789,446,294 12,297,809,189 (10 cities) Grand Total 13,353,929,550 6,072,123,599 6,849,991,297 tNot available. —12.6 — 7.9 —11.4 12,473,973,448: 12,492(894,458 6,298,935,743 5,843,977(893 44 & COMMERCIAL THE (728) FINANCIAL CHRONICLE Monday," August 22,-1949 PARTIAL REDEMPTION Foreign Exchange Rates Company and Issue—. ' give below record for the week just passed: a FOREIGN AUG. 12, TO 1949 RESERVE AUG. BANK TREASURY TO TARIFF UNDER AOT 1930 OF 1st Noon Buying Rate mortgage 1st for Cable Transfers in New York and $ .297733* .251247* .200000* 3.211316 Argentina, peso— For "regular" products regular" products ' For "non — For certain industrial products Australia, pcund — Belgium, Irene Poreign "bank notes"account ^ " Aug. 18 Aug. 17 $777; 77 7 7''$ ;0 7:7." r '7,: '777 $ .297733* .297733* .251247* .251247* .251247* .200000* .200000* .200000* & 3.211150 3.210150 3.210150 .022750 .022750 & .022750 .021787 .021775" .021775 .054406 .054406 : 1.000000 1.000000 1.000000 1.000000 .951250 .949687 .950937 .301166 .301166 .301166 .301166 Safeway-Stores, .020060 .020060 .020060 Saint .208535 .208535 J .951250 > .301166 <• \ .020060 <.•, <7" .208535 .020060 .208535 • ; ' j 7v .004671* ■'■■ 7 t> ■ .301678 Netherlands, guilder New Zealand, pound- .301678 .301678 .115706 Philippine Islands, peso — Portugal, escudo .040186 Straits Settlement, dollar .376055 .376050 .497400 .497400 .497400 - .040193 .040181 .469500 .469000 ,278223 .233629 . .278228 4.007500 4.007500 4.030195 ' 77' — .040175 7 V : 7 * 498 mortgage series B 3(4% bonds, due 1971.. —Oct Corp.— (now 1st) mtge; bonds, due 1952 —Oct 1 402 1 536 l;!r 533 Union .561799*t .561799*1 .561799*1 ,r .531909*1"' .531909*1 ' 7 all Demand 7. Hold certificates Redemption —_ fund for F. Industrial U. S. 1st / + 962,761 1,607 + 5,577 + 102,113 — Demand deposits credited to 518 Water 1st Works mortgage 6,256,900 i 132,100 350,600 — Notes 2,000 7,775,200 U. 8, Govt, securities. 380,000 — —3,311,662 + of the domestic Total loans from F. R. Notes Uncollected Bank and securities— 18,466,520 foreign banks of 1,128,493 $36,000,000 in the Chicago District. A summary other banks first assets Total *13,231 438,288 4,804 2 45,081,204 - 218,616 + — — + — "2,997 Loans 170,421 Deposits: which U. S. notes 23,276,919 12,219 Treasurer — gen. acct. 17,095,578 251,084 acct. 443,782 74,276 Foreign 492,553 1,869 Other 476,999 15,600 207 Total deposits Commercial, —2,645,852 2,449,418 liab., incl. accrued dlvs. — — ■ + —, 163,077 390,912 8,597 paid Surplus 44,243,846 955 + 214,661 in. 206,906 136,198 45,081,204 + combined Name of + S. 7,680 make 808 2.067 — 29 + — 74 + I 223 — + 4,161 4,046 securities—Total 36,144 S. bonds 1 tin Volume 169. preferred with Banks $4.50 Allen ... 77- 467 157 3 — 27 *21 — 18 + +; ) 274 + Co. of 9-10' 9-10 9-15 9- Corp.— $1.12(4 Co. 371 + + 1,484 7% Cigar Inc., 9-20 12- 1 11-2 10- 1 9-15 - Co., $1.75 9-15 ,.$1.50 9-30 9-15 30c 9-15 9- 1 common— 1 10- 1 9- 1 9- 2 9-15 9- 7 9-15 9- 7 1 American 9-20 25c .7: District Telegraph Co. ; 482 + 1,834 American Encaustic + 27 — 1,455 American Export + 58 + 21 10- $1.75 (N. J.)— Quarterly + " 2 10- (quar.) common (quar.) I 87(4c v 25c preferred 9- 37(4c (quar.)_ (quar.) Dairies, 9-20 1 75c (quar.) Extra 266 *3 1 10- 7 ;7- Inc.— (quar.) preferred 10- 5c (quar.) Ltd.— preferred & 1 2(4c $25c Canada, Cigarette 4 9-30 9-30 (quar.) preferred American 22 + 8 + — 8-20 9-10 , Equipment convertible 3(4% 1 133/4c (accum.) par) Colortype Co. (quar.) American Cyanamid Co., common 44 9-15 10- 34%c (accum.) ($25 — American Holder4 Payable of Ree. J25c (quar.) & preferred 6% (quar.) par) Extra 4% When Per Ltd.— $$1.25 Steel preferred Electric 40 12,868 762 domestic banks 2,141 - Government to Tiling Lines, 9-15 $1.25 9- I + 623 American Fruit 544 American News Co. — 347 American Stores 42 — 41 American Sumatra +78 — 114 + Inc. 46,268 — 15,290 — — 433 7 + 392 2.080 + 369 + 610 8.691 deposits + 158 — 291 1,358 7 . ' demand and 228 ' deposit accounts, except U. S. Govt, 14 6 — 152 ~ $5 Edison Tobacco Co., 12(4c .7 ; Corp. (quar;)— Co. revised figures 18 — '> 27 + 86 r~' ; 18,191 25c Below will be found preferred and including common those called a list of corporate bonds, notes, called for redemption, under sinking fund provisions. stocks ing tenders, and the page number gives the location in (except where indicated) in which details were given in the "Chronicle." the current volume the „ Company and Issue— (Walter E.) 1st mortgage 3% Long Beach Gas Melville Shoe Pennzoil Co., bonds, series B, Co., Corp., ser. 8-20 9-15 8-30 f 8-30 8-31 Garden . $3 7% Co. Water Electric (quar,)_— preferred (quar.)—_—7 Inc. Inc., 1st mortgage 4% preferred stock Permanent Canada Wire common stock —— (quar.) Mortgage 1 9-15 11- 1 10-14 v 1 9-15 10- 10- 1 9-20 1 9-157 9-10 9-10 50c 15c 9- 10- $25c t$2 9- 8-15 10- 9-15 8-30 9- 8-19 9-15 ; 9-15 $50c 9-15 8-31 9-30 9- 9-30 9- 9 $1.75 preferred (quar.)_————— Electric Co. (quar.) Industries, 7% preferred & 495 3(4% 495 Central >3.6% Ltd., 9- 4(4% * 9-15 $17(4c +$1.75 $1.06(4 $2 25c 10-31 9-30 9-10 8-2S 1 9-20 7 9-1 :8-li — preferred (quar.) Telephone & Telegraph (quar.)— Plywood Corp., common preferred (quar.)— (quar.)— 1 — 58%c 10-15 9-15 9- 1 8-15 10- 1 9-23 4 9-10 10- 8-25 Light & Power Co.— preferred (quar.) , 9 1 t$2 (quar.) common (quar.) Co., Inc., Ohio 9-30 10- , 9 —25c General , 8-31 t35c t25c |433/4c B Extra • 10- Celanese, Ltd., common— preferred (quar.)_—.——————— Class $1 , f 34%c Corp Canadian Carolina ■■ 8-197 t$l Cable, Ltd., Canadian Aug 22 Aug 22. Aug 22 8-16 .8-25 Class A (quar.) & 7 10- 28c 28c 75c 50c ,> Campbell, Wyant & Cannon Foundry Co Forge Co., common (quar.) 5(4% convertible preferred (quar.)_— Canada Flooring Co., Ltd. $1 pfd. A (quar.) 595 5s (quar.) Service Canada 9-16 9-15 Camden Carman 16 $1.75 63c (quar.)— Co., 1 7 9-15 —;—— preferred Ink 9-15 9- 7. tl2c (quar.)——————-7—75c Water 398 Sep $1.25 . 9-30 Co— convertible Page 1975 - ._— convertible 5(4% $4 ■ preferred— Power preferred preferred 5.60% , Apartments Dry Dock Co., Ltd., Class A (quar.) Cascades due 1 9-16 ,8-29-. Sep 26 A mtge. bds._Aug 23 preferred stock.'— Lehigh Coal & Navigation Co., 3Va% Lehigh & New England RR.— 9- 9-15; 77 Engine Co.— A .. Date Co., 5V2% 2 9-15 9-10 quar.) (W. Canadian NOTICES OF TENDER Heller 1 9- >9-20 -9-26 Imperial Series California The date indicates the redemption or last date for mak¬ . 9-15 10- - 2 preferred (quar.)_ 7 56(40 H.) Company. <quar.)——— 25c Beech-Nut Packing Co. (quar. )_-v——^ 40c Briggs <fc Stratton Corp.- (quar.)_— d25c Extra- 7——; ———_—d35c Atlas Barber California Notices the I;,,; 1 9- 9-30 Burrard (Boston District). Redemption Galls and Sinking Fund ended 9-13 10-15 9-23 9- 2 : 75c Butler statement of weekly reporting member Reserve System in leading cities 1 10- $1.25 • (increased 7 9-15 10- $2.25 (quar.) (quar.) common Investment 50c 10- $1.75 Co. (quar.) pr. pfd. Brooklyn Telegraph & Messenger (quar.)_.— 3 25c 35c (quar.)—— preferred Associates -9-1 (quar.): American Telephone & Telegraph Arizona 8-24 7 9-14 Brooklyn — accounts, ; (reduced) (bi-monthly)—_ Co. 8-31 50c 77 Inc Growers, + —>166 12(4c (quar.) Apex Electrical Mfg. Co., 7% 1,459 amounts table in second share ($10 326 4,885 Reserve deposits adjusted deposits, except Government..; S. ♦Aug. $222,000,000 in New York City, and by smaller a in our "General Corporation Department" in the week when Refineries, preferred + vault in Debits Holdings of Treasury bills decreased $40,000,000. Hold¬ ings of Treasury certificates of indebtedness increased follow with name preference — 26,452 Federal banks of the Federal t Jan Corp.— conv. $2.50 112 certificates (quar.) partic. 6.042 Interbank demand deposits: Domestic banks following principal changes for the week Aug. 10: Increases of $371,000,000 in holdings of United States Government securities, $369,000,000 in United States Government deposits, and $158,000,000 in demand deposits credited to domestic banks, and a de¬ crease of $152,000,000 in borrowings. Commercial, industrial, and agricultural loans in¬ creased in nearly all districts and a total of $80,000,000 at all reporting member banks; the principal increases were $38,000,000 in New York City and $20,000,000 in the Kansas City District. we News Sugar 1,087 Time 65,044 Condition Statement of Member Banks shows 400 1 Company Foods California The condition 1 -Oct 77 77 2,563 indebtedness.— of during week + stock— -Oct American notes with indus¬ trial loans A Aluminum Liabilities- .3% 7 Then Amalgamated Leather Cos., or Borrowings + trust this issue, company 5(4% 1,907 — Government interbank 3,279 — 609 certificates, U. on accept¬ purchased for foreign correspondents Commitments to *80 272 loans Balances Oontingent liability ances + bills 18,522 218,616 '7 12,906 Other securities - + 399 are preferred Class Airlines 792 obligations Foreign banks55.9% 397. 1957——. -Aug 22 ' gold certificate rezerves, to deposit and F. R. liabilities 105 The dividends announced this week are: 1,173 pur¬ Demand 3,852 — loans estate Treasury 3,331 + + 18 458 Treasury of note for U. accounts,, + + agricultural dealers purchasing Treasury 125,630 —2,737,098 ■ 855 carrying: Government obligations Real 27,543 Total liabilities & cap. accts. - 103 + 466,711 — Loans to banks U. — for Reserve (Section 7)— (Section 13b)- capital and 19 securities 94,714 - liabilities In Investment 6% Government 98,770 —2,022,403 — S. and 411 + Other securities ■ + 1 show the dividends we under the carrying: or Cash Oapltal Surplus Batlo S. U. 506,942 —1,519,522 Capital Accounts— Other brokers to Other 585,729 - Total industrial, —_ Loans ' 18,508,912 Deferred availability Items collateral Allcgheny-Ludlum + 23,483 Loans—gross 35,238 Other Other due A, Co., $2.40 pfd. mortgage bonds, due 1951 5(4% 23,178 Other loans bank—reserve series 1 previously announced, but which have not yet been paid. Further details and rec¬ ord of past dividend payments in many cases are given 1948 64,207 Loans—net • Member Investments—Total 1949 (in millions of dollars) - and Aug. 11, Aug. 3, 1949 —3,386,481 chasing Reserve 104 -Sep _Jan grouped in two separate tables. In the bring together all the dividends announced the we 5% Dec. (—) Since U. Federal • > 7 member banks follows: 365,444 Liabilities— • 491 Transportation Co.—* 4% Acadia-Atlantic loans assets. bonds, current week. of the assets and liabilities of reporting Assets— 124,369 premises Other 277,895 123,727 2,676,790 32,696 2 I ■ —3,324,725 49 Items 1 15 77 3 DIVIDENDS and districts. v Aug. 10, Due Rys. Dividends Borrowings decreased $120,000,000 in New" York City and —1,507,000 + 18,225,995 1 —Sep v. , Food' Products Power & •Announcement Inc. (-f) or Total Co.— 5% • —Sep bonds, series A, due 1952— Refining Co., 5% preferred stock—— Fireproofing Co., 7% preferred stock declared. 77;7*7 :*7:77;" 170 245,900 in most banks increased securities: Certificates City and by smaller amounts in all of 61,586 3,843,295 393 in $67,000,000 decreased in the St. Louis District; the net $21,000,000 the other districts. 28,900 240,007 and 000 in New York 42,583 296,742 . Pago '■77 7 ' 7 series A City and $25,000,000 in the San Francisco Dis¬ United States Government deposits increased $234,000,- 920,178 advances Date mortgage Joplin .531909*1 » decrease at all reporting member banks was $14,000,000. $ + Bills Bonds trict Aug. 18, 77: 1948 34,609 — loan: Govt, • H- 7 33,002 . ,'7V Water General trict; they increased $25,000,000 in the Kansas City Dis¬ 77: 23,360,311 cash and 7 1949 i 569,880- Total gold ctf. reserves Discounts (—) since R. notes Other Aug. 10, •' CALLED bonds, due 1952 mortgage income series B bonds, due 1957 Butler Holdings $326,000,000, was adjusted deposits New York V'. • ISSUE Canadian y reporting member banks Increase (+ ) or de¬ r'-% 22,790,131,:, -.Sep of United States Government bonds increased $58,000,000. dollars) 1949 : '1952 due all of the other districts: the total increase at in nearly Reserve Banks Combined V; $ 4% Scullin Steel Co., Statement of Condition of the 12 Federal ; .. bonds, series B, Frontier .561799*t . mortgage United Aug. 17, * ... Ltd.— trust Mickelberry's Assets— Depot Co.— 4.027500 .588223*1 - . 493 597 stock—I ~I preferred .658300*1 4.007500 .588223*1 .531909*1 1 1971 Co., 7% first preferred stock —Sep National Ry. Co.,. 5% guar bonds, due 1969 —Oct County Gas Co., Atlantic Highlands, N. j —li> -' J 7 r 4.028515 4.028906 7 .233629 .658300*t 1"7 1969 204 1 5% Company and Issue— 1st .278228 ' 658300*t crease due 398 1 -Sep 15 Inc., Securities United of 1970— —Oct collat. 1st t Application depends upon type of merchandise. thousands due _ .469000- .588223*t .531909*t peso 493 * 1 Broadway-Cooper Corp.— .588223*1" . 1 American .497400 .658300*t . 1 Aetna-Standard Engineering Co., 5% pfd. stock —Sep 30 Bemberg Corp. preferred stock, cl. A & B__ —Oct 14 .201580'" .561799*t ... (In Sep —Sep ref. 2nd 3% 3.987620 4.007500' 4.07500 4.030000 Closed : ; 103 393 Oct — ENTIRE .658300*t' .588223*t: — debentures * —Aug 31 stock 77 \ bonds, due Light Co.— 3(4% Paul United .376044 ' .278228 .233629 7 .040175 .469500 , .233629 *Nomlnal rate, 1970 Co., Inc.— .115706 .201580 .278228 ; A——_— Co. .301678 7 3.988860 .201580 .233629 Uruguay, peso— Uruguay, peso Uruguay, peso .004671* .003028* ■ .376055 3.988860 .201580 Sweden, krona United Kingdom, pound sterling— ! series ' 3.990090 Closed Switzerland, franc———. Union of South Africa, pound 1241® . Electric * .469500 — 7 .115706 .201580 .497400 7 Norway, krone / .. .301678 .115700 .376088 3.990296 —— 491 1 Street Towers 4.% .004671* .003026* 1 .115700 i — 1 D, due 1962_Sep ser. „ preferred 3Va% Electric 1st & .208535 ,004671* .003028* " India, Dominion of, rupee • • .003026* .004671* .003028* — ; Mexico, peso Sep —Oct 29th (Metropolitan), franc— Official Free mortgage 30-year 1 194 Sep .950625 1st Hartford Czechoslovakia, koruna. Co.— Joliet & Eastern Ry.— mortgage 3 (is, series A, Empire District Electric Co.— .054406 436 » bonds, 1st 1.000000 Denmark, kroneb ! debentures. 5% due 394 30 * 1965 Ohio 3 (is, Raynolds 1 Sep Elgin, 3.209160 .022750 mortgage 394 . .200000* Devoe * 1 7 < RR.— bonds, Co., Inc., Southern .021787 Ceylon, rupee Uruguay, ■1st .297733* .297733* O&nada, dollar— Prance Foil .054406 * Brazil, cruzeiro Free Sep 1963 7 1 Oct due A, Terminals 5(7% mortgage Cochran .022750 .021825 .054406 Official series mortgage 4C4% Union Columbus r .251247* Closed ref. Cleveland 7V Aug. 16 7 Aug. 15 Aug. 13 Aug. 12 , 4s, Soya Co., Inc., 3% Chicago & Western Indiana '1st . Sep 1954... Central Value In United States Money Country and Monetary Unit due Pag® ' 3% Corp., 5% conv, pfd. stock Burry Biscuit Corp. $1.25 conv. preferred stock Carolina, Clinchfield A Ohio Ry.— INCLUSIVE 1949, 18, mortgage 1st mortgage 5s, Bingham-Herbrand . _ „ FEDERAL BY CERTIFIED RATES EXCHANGE daily world. We the buying rate for cable transfers in the different countries of the 1st bonds, due 1965 Atlanta Gas Light Co., 1st mtge. 3s, due Bethlehem Foundry & Machine Co.— Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies Pursuant to the requirements of the Secretary of the Treasury to Date 1 Allentown-Bethlehem Gas Co.— ——- .... 99c , : Corporation Chatham Manufacturing Co.— •Class A (quar.) Class ,'9-1 8-20 Johns-Manville 9- 1 8-20 Jones 10- 1 9-7 8-26 9- 1 ; 4%. preferred (quar.)__^^^_»— Chesapeake & Ohio By., common (quar.) conv. preferred (quar.)___— 7 Chesebrough Mfg.^ Co. (Consol.) (quar.) — _ Cities Co*; Service 9-23 ■ 9- 2 9- 2 9-15 9-15 10- : preferred (quar.) Cleveland-Cliffs Iron Co., ' (quar.) common Kendall 9-12 Kerr-Addison 8-26 Keystone 8-26 Kimberly-Clark Corp., Common Title Co. Oil Co. / Harvester 15c ,/"• 7% £1 Paso (Texas)— (increased quar.) " " (s-a) Faber, Coe & Gregg 5% Fibre preferred ' Class Extra $2.50 common - ' 25c 8-30 Power Co., 9- 1 $30c $$1.25 9- $3 1 Old ^ ;$4.25 preferred series A (quar.) ,/ Georgia *' $6 Power preferred $5 preferred 75c . —; 'V $5 'Safety Razor Co.— preference (quar.) Goodrich ? $5 ;: (B. F.) preferred Co., $1.25 $1.25 (quar.) Great Lakes Towing Co.— Common fstock dividend) : 7% non-cumulative Great Western Sugar " ! ; (reduced) ' . Hammond * Instrument Co. 'Harris-Seybold Co.,; common—; $5 prior preferred (quar.) Hart Battery CO., Ltd.—Hartman 35c $10c $3 - ' Co., common__—. non-cumulative preferred (quar.)_— $4 * (quar.) prior preferred Hazeltine ■ Corp. .•* $4 convertible •Hollywood Holt 5% .= Turf preferred Club $25 class preferred / 12¥ac A ' 50c 12¥zc 59c preferred class A 9- (quar.) Common $1.18% "4. international 6% Bronze Investment ' 9-15 ' Trust of 9-15 9-31 9-15 9- U. U. 9-17 9-15 8-T1 9- 40c 9-30 9-15 93 %c : 9 9-1 8-16 9-15 10^ 9. 8-15 9- 8-15 $1 . 6% 1 8-19 8-16 8-12 9- S. 9-1 9- 1 20c 9- 9-10 8-29 50c 9-10 8-31 50c 10-14 9- J8 $1 10-14 9-8 (quar.) 1 8-22 I $3.50 9-1 8-22 20c 10- 6 9-21 20c 10- 6 9-21 10- $1.75 — Inc., 9- $1.25 9-21 1 -- 25c 9-14 pfd. 4% (quar.)— 50c 10-15 /10- 1 40c 10- 1. 9- & — 9- 6 3 $1.25 9-1 8-20 $1,37 ¥2 9- 1 8-20 9-30 -9-10 > « 20C- — 40C 9-15 8-31 50C 9-15 9- 37'Ac 10-1 ' 2 Whiting Wiser 8-31 9-15 97¥2c 10-1 9-30 9- 56 ¥4 c — 9- 1 8-15 9-26 9-16 9 20c 9- 6 8-25 15c 9- 1 9- 1 10- $2.50 % • 40c 50c 25c 1 9-15 9-15 8-29 9-14 8-26 10- 1 9- 9-15 1 25c 10- Machine Works 1 9-15 0-16 8-31 75c 9-8 9- 75C . . 68 %c ■ 1 10- 1 - 9-16 10- 9-16 1 10- 10-15 1 25C 10-1 9-10 15c f— 10-1 9-10 75c (quar. Co., Ltd.— American deposit receipts for ord. reg— Wright-Hargreaves Mines, Ltd. >; Yosemite Park & Curry Co.-^^--——^' 7'Ac ,a 10- 1 9-12 9-10 ? 9- 1 « $4c 8-22. 8-25 10- 7- 1 1 8-26 30c 8-31 8-22 25c ' Door Co. (quar.) — 9-15 9-1 Below we give the dividends announced in previous weeks and not yet paid. The list does not include divi¬ dends announced this week, these being given in the preceding table. Per "Name of Company 8-31 9-13 9- 6 9- 4 8-20 9-12 8-29 93 % c 10- 1 $1.50 10- 1 preferred Holdere 1 9-1 9-12 8-19 $1.25 — 9- 10-1 40c preferred (quar,)— Agnew-Surpass Shoe Stores, Ltd.. Akron Canton & YoOngstown RR. Co.5% preferred (s-a)... — Alabama & Vicksburg Ry. (s-a Allied Finance 5% preferred (quar.) 10-1 $37 %c 5% 9-15 When Payable of Ree. $25c (quar.) Steel Company, new com. (initial) Aetna-Standard Engineering Co.— Acme 9-15 75c Share Abitlbi Power & Paper Co., Ltd., common— 8-31 9-10 50c Steel Youngstown 9-12 25c 9-30 7-29 |15c 9- 1 $2.50 10-1 9-19 10- $3 25c —— I 9-8 8-25 8-10 75c 10-1 9-13 9- 9 9- 2 Allied (quar.)........... (quar.) 25c 40C 10- 1 9-14 9-15 9-1 Allied (quar.)....... 75C 10-20 9-15 *50c 9-15 8-24 $1 9-1 8-19 $15c 9-28 8-31 35c 9- 1 $50c ; 1 20c ! 8-18 9- Allied Gas Do.....-*.,— Allied Laboratories, Inc. 1 9-12 25c , 9-12 25c 9-15 9- 5 15c 9- 1 8-22 9- 8-22 — d40c 9-30 0- — d81¥«c 9- 5 8-19* A 7%C 9-10 8-15 12 ¥2 C 9-1 8-12 $50c 9- 3 8t"8 50c 9- 9 8-19 93 %C 10-1 $250 9- 1 $1.50 45c ■ : 2 ¥2% $1,183/4 t2c 37¥2c 12 ¥20 / 25c 1 9-15 ■ 8-26 9-30 Allis 9-9 9-12 8-26 9-26 9-12 10- 3 10- 3 9- 9- 10-1 9-21 10- 9-21 9 (Louis) $3.75 (quar.)....— (quar>_.— Co. common ..... (quar.) Aluminum Co. of Canada, Ltd.— / 4% preferred (quar.). American Airlines Inc., 3¥2% pfd. (quar.)_ 9-9 10-1 25c preferred common Aluminum Co. of America 9 $1.50 Stores Corp., Mfg. Co., common Iquar.) 3¥4 % convertible preferred (quar.) Alpha Portland Cement Co— Altes Brewing Co. (quar.)./,.. Aluminium, Ltd. (quar.)— 8-31 1 Corp. 25c Allis-Chalmers 8-31 9-15 10- Products 4% 8-31 ■ preferred American ' 87%c 8-28 20c 10- 1 9-12* American Bosch 29 lie 10- 1 9-12* American Box Board Co. Can Co., $1.37 ¥2 lc 1 9- 8 50c Corp/, 5% 8-22 American 50c 9-15 9- 9-12 8-30 9-10 8 50c 9-15 9-10 com.— 15c 10-1 9-17 (quar.)———- $1.12 ¥2 10-1 9-17 15c 9-30 9-15 75c 9-30 9-15 9- J8* fl 8-3 8-16 9-1 8-19 1 8-15 40C 10- 1 9-1* 75C 10- 1 9-1* 15C 9-15 9-1 $1.25 8-31 8-15 15C —.... 8-31 8-15 " American Car & Foundry 25c 9- 1 8-22 9- $1.25 • pfd. (quar.)— (irreg.) 9- 40c Arch * -Co..L:/..——1_ American Automobile Insurance American Bank Note, common Co. (quar.) (quar.) — 6% preferred (quar.).—...— American Barge Line Co...—........— ^ (quar,)—— 9-15 Woolworth (F. W.) v 8 10- 25c — 10-1 25c 8-31 25c $1.12 ¥2 Co. 25c 8-19 $45c 8-18 9-12 " Whitin 8-25 9-30 20c Corporation (irreg.) Co. (quar.) 9-15 8-30 50c 8-19 37¥aC Oil Extra ; 9-17 $1.50 $10 ' Extra 8-19 America— common.—. 8-20 9-10 50C ■■ 8-19 37¥2C (quar.) dividend) preferred 9-1 25c , Light Co Valley Mould & Iron Corp., common—— $5.50 prior preference (quar.) Van.de Kamp's Holland Dutch Bakers, Inc. Viking Pump Co. (irreg.) Visking Corporation — Walt Disney Productions— / 6 % convertible preferred (quar.) —— Washington Water Power Co.— ' / v $6 preferred -(quar.) Wellington Mills, Inc.-——.,; Wentworth Mfg. Co. (extra) ;; West Virginia Pulp & Paper (quar.)— Special ■—————————————k. Western Condensing Co,-— Weyerhaeuser Timber Co.——-— a.* Wheeling & Lake Erie Ry. (quar.)—— 9 48c convertible 9- 9-15 / Freight Co.——-— Wallpaper, i 9-23 9-23 (s-a)—- preferred 8-22 8-25 50c Class. :A-v—. ■ 1 i 37 %c (initial quar.)^— preferred Foil: Co., Class B S. 9-1 9- Corp preferred Seeger Refrigerator 27¥2c common 9- 9- 1 $1,12 ¥2 (quar.) Company— Envelope 9-20 25c Seattle Gas Co., $37¥2C preferred Carbon 50c $1.50 A convertible United ■■ ' convertible series 40c $15C r — in tax Manufacturing Co. $4.50 v —-, ——.————,——————————— 3 9-30 45C (quar. Exploration (guar/) Schlage Lock (Los Angeles) Sugar 7% 7 9-13 (quar.) Scruggs, Vandervoort, Barney, Inc., preferred (quar.).. Co., com. (annual) 7% preferred (quar.)—.—American Chain & Cable Co. com, (quar.) 5% preferred (quar.). — 7% 1 9-15* $3 10-3 9-15* $1.75 10- 1 9-15* $1.75 10 Co. (quar. American Forgings & Sockett ' : Co. (quar.).. Extra 40c 9-15 9-2 $1.25 9-15 9- 2 50c 9-10 8-26 12¥2C 8-31 8-20 12¥2C American Chicle 8-31 8-20 30c 9-15 8-31 (quar.)—. . 9- 25c 9-29 ?- 9 — 25c 9-15 9- 2 ——- 12¥2c 9-6 8-26 10c 10- 1 9-20 Common quar.)——— 75c 9-15 8-16 12 ¥20 9-1 8-20 4%%; preferred, (quar,)— $1,18% 10-1 9-m Brothers, Inc. Selby Shoe Company IOC , 9- 1 8-20 — Seminole Oil & Gas 5% —* (quar.)—---— Selected American Shares Boston— Certificates of beneficial interest (quar.)— '.-i 1 ■< r. 7. " • r i ■ ; ■ ' ■ * 9-29 Extra Seeman (quar.)_ Elevating Co.- International Harvester Co. * ' Powders, Ltd.—- participating preferred »International. r $25c C—— $ 1.50 conv. partic. preferred (quar.) Insurance Exchange Building (Chicago) 9- South Extra Ruud (quar.) 9-1 9-28 $1 preferred (quar,)—— Robertson (H. H.) Co. (quar.)_— Rotary Electric Steel 9-30 ■ < 9-12 10-15 (quar.) 4%% 1 9-30 Humphreys Mfg. Co., common— 6% preferred (quar.)_— Illinois Commercial Telephone Co. (Madison, Wis.) $4.75 preferred (quar.)— Imperial Varnish & Color Co., Ltd.— 9-5 New $1 (initial) Ranch Oil Co. Robertshaw-Fulton Controls Co.— Common (quar.) Hudson Pulp & Paper Corp.— -' 6-15 0-10 9 $1 Rice 25c $1.12 ¥2 (quar.) 9- $37 ¥20 " 6%- convertible prior preferred A (quar.)„ Reynolds Metals Co., common— 5¥2% convertible preferred (quar.) 25c —— Mining Co. (quar.) <Honolulu Rapid Transit 5% pfd. (quar.) Hoover Company, common (quar.) 9-30 8-19 — Raybestds-Manhattan, Inc. (quar.).t. Republic Petroleum Co. (quar.) Republic Steel Corp., common (quar.) $1 ;— 6-26-50 50c 10- , $4.75 preferred (quar.)Quebec Manitou Mines 62¥ac — 50c Mills, v.; 9-15 shares (stock common— 1 50c U. S. 25c Common 25c 50c Homestake 4%% $1 25c (quar.) (Henry) & Company, preferred (s-a) 75c :;V: Hellemaii (G.) Brewing Co 'Hewitt-Robins, Inc. (quar.) . Hollingsworth & Whitney, common t 10c Tobacco 9- 6 9-15 9-20 1 —__ $1.25 9- 9-12 d$1.25 of 9-2 1 3-15 8-10 9-22 1 ; 8-22 10- . Pittsburgh Forgings Co— Pittsburgh Metallurgical Co., Inc Potter Company (irreg.) Powell River Co., Ltd. (quar.) Proprietary Mines, Ltd.---—w Provincial Paper, Ltd. 4% pref. (quar.)—_ Public Electric Light 6% pfd. (accum,)— Public Service Co. of New Hampshire.—__ Publicker Industries, Inc.— 25c (quar.) 8-31 10-1 .9- Pittsburgh, Bessemer & Lake Erie RR, (s-a) Pittsburgh Consolidation Coal Co. (quar.) ' 75c 12-15 8-10 10- I, a-3i; 9-15 35c. Co, (quar.)__-__— Co, (quar.) — —M United-Carr Fastener Corp. (quar.)__ United Fruit Company (quar.) i--;, 25c ■ 9 9-10 37'/2c 1 $1.50 50C ' 9 1-3-50 9-24 15c Corporation, common (quar. )__'„ 3%% preferred Class A (quar.) 7% preferred (quar.)_; Greyhbund Corporation, common (quar.)__ ;v 25c 4¥4% preferred (quar.) $1.06¥4 Giflf Power Co., $6 -preferred (quar.)__ $1.50 Gulf States Utilities $4.40 pfd. (quar.) $1.10 9- 8-31 ;„-rRedUCed;:'ii-— 50c , (quar.)— Lumber 1 4-1-50 25c of 10- 9-15 Title Insurance & Trust Co. 40c 27%c) Co. 9- 9 50c holders of Ameri- pfd. 9- 1 50c 7% Union 3.90% 1 10- $50c , common 9-15 10- $5c $1.06 ¥♦ Union - 8-26 9-15 :i———,T——. ' 9-15 1 ; 1 10- 1 (quar.)— 9-24 10- 9- 1 9-15 10- 9-14 8-12 $1 9-20 9- 1 9-30 40c 8-31 ,— 9-15 56 ¥4 c 10-1 ; 9-20 9-30 15c $4.50. prior preferred (quar,)———— Union Gas System (Kansas) 25c 8-31 50c (quar.) 1 30c 8-31 1 9-15 9- , 8-20 10c 9-10 35c 10- 9- 5 , (quar.K—— Gas 10- 1 Philco 30c $1.75 $1.25 9- 1 $25c Toronto Elevators, Ltd. Extra: RR. 9-10 Twentieth Century-Fox Film Corp.— Common (quar.) ————— Trading Corp.— $1 participating class A (Interim) Philadelphia, Germantown & Norristown 50% 9-10 common Common Petroleum & $3.50 ; common ) . preferred Co., 9-30 / - t- *. 9-30 50c : preferred Petroleum 11- 1 ' $1 ; 9-1 preferred United & Ford, (J. C.) Co. Pennsylvania-Dixie Cement Corp. (quar.)--Pet Milk Co.', common (quar.)—— —_ ■: , common— 12'Ac —*.—^ 1 preferred 4¥2% 9-15 common— 1 Penney *' Ltd., 8-29* . 9-15 50c $1.75 Penick — 9-19 15c 9- ^ American Gerber Products Co., common-—^.^—:* 25c AVt% 5 preferred ;(quar.)—$1.12% Gisholt Machine Co,—...— 25c Gillette 1 25c 10-15 15c 9- • 1 50c — 9-10 B-Gosh, Inc., common (quar.) (quar.)______ Page-Hersey Tubes, Ltd. Pantapec Oil Co., C. A. (Venezuela)— $1.25 $1.50 •: 1 9- 8-31 11- $1.50 (quar.) 9-10 (quar.)— shareholders Insurance $1.20 80c Co— Life — $1.75 Oshkosh $1.06¥4 x (quar.)— (quar.) Line ,a $1.50 ' Corp,— 9- "$1.25 Co. 8-18 9-15 Steel Co., Utah- Power shares will receive Oregon-American 25c General American Transportation Common (quar.) 8-25 ' 7 ¥2%, Co., new 1 „ (quar.L— Ohrbach's, $2.25 pfd. A 75c? (quar.); B 1 9- 8 Co. non-resident 9- 9-30 25c Quarterly Manufacturing Co.— participating preferred fquar.) Class 9- 9-15 20c ic 8-18 34%c $1.25 J_' Thomaston 25c . 9-1 . 37 ¥2 c 50c (quar.) the 8-18 1 * ■; :Common-: '1-/- ————/• ( ' Common ——_—_wi-—■i— Time, Inc. ————— / of Public Service, Water Service Ohio Oemmer ' 9-14 ■. Co.— —i— deduction Match Ohio 1 9- can Ohio t 9- 'Oaylord Container Corp.^^.—/.-,——^— 9-12 1 quar.) A 8-18 9- (accum.)— Cqmpany (quar.)_—„■ 4¥4% 1 1 9-1 1st preferred Thomas 10- 10- (G.), Texas Southeastern 10- — Ohio Leather 1 9- 37 ¥20 : I" 9-15 $$1.37 (quar.»__ common preferred (quar.) 5¥2% preferred (quar.) 8-22 J---——— Insurance the amount of / 9-16 5% 8-22 7% Texas 60c England Africa / 5c 1 25c Oatineau 1 9-1 62 ¥2 c 9-6 26 %c — $1.75 (Detroit) (increased Oats (After - (quar.) 8-22 56¥»c preferred (quar.)—_! "Noyes (Charles F.) Company O'Okiep Copper Co., Ltd.— '.P; 62¥20 (irreg.)—: 8-31 9-16 9- 1 5% Frontier Co. 9- 9 $1.75 9- 6 9-30 Telephone Bond & Share— * preferred (quar.) Water, $4 prior pfd. (quar.) preferred (s-a)_— Northern States Power Co. (Wis.)— 81 ¥40 Power 9-12. 9- 9-30 com.- — preference (quar.) _——.—— Tecumseh Products Co, —— 9-12 10- 3 10-1 ^ $2 5c ; Packing Co. 10-3 10c 9-30 25c A% 1 81¥4C 9-30 10-15 8c (quar,)- Extra ' IOC Northeastern 3¥4 % convertible preferred (quar. ).—. Fort Wayne Corrugated Paper Co Oarlock Tamblyn 1 *' 10c • _ 8-12 62 ¥2 c Telephone & Telegraph New Haven Gas Light (quar.) — Newport Electric Corp., common (quar.) $20c (quar.) 9- 9- $1.75 National Steel Car, Ltd. Steel Corp, f* 20c (quar.) Food Machinery & Chemical Corp.— 9-15 25C (interim) 3%% • preferred 9-1 50c Hartford,' Conn, (quar.) 20c Food Fair Stores, f 9-20 I... 9- 1 10-15 31¥4C 81¥.c , Talcott (James), Inc., common (quar.) 4¥2% preferred (quar.)———— 20(5 Casualty Co. City Lines— National 62¥2c B 1 1 Dry Goods (quar.) Consolidated, Inc.— preferred Class $4 9-13 - A——— 9- 9-15 10- Ic Common 25c of 9-21 9-15. 35c 6 20C National 50c; Canada, Ltd Stores, Ltd., class Fitzsimmons 10- 1 1 50c National New (quar.)— (quar.) 9- National Screw Products 9-15 9- 9-15 15c — Strawbridge & Clothier $5 preferred Sunbeam Corporation (quar.)— Sunset-McKee Company (quar.) Sunshine Mining Co. (quar.); Sutherland Paper Co. (quar.) 8-29 ■ 9-12 87¥2C Works' (quar.) Feltman & Curnie Shoe Stores Co.— Federal 9-12 12 ¥2 c 8-25 50c (quar.) 9-15 30c Nash-Keivinator 1 30c 10c 9-2 25c 9-30 $3.50 gtd. 9-30 — 10- i' , 30c 9-12 (quar.) Corp. 8-25 Co.— Sparks-Withington Co, 6% conv, pfd. (quar.) Sperti Foods, Inc, 5% conv. preferred (quar.). Standard Oil Co. (Ky.) (quar.) — 9-12 l_——-— National Fire v. RR., 7% 1 10-1 20c 9-30 10- 1 ' preferred 10- $1 Murray Corp. of America, common (quar.). 4% preferred (quar.) Muskegon Piston Ring Co. (reduced) Muskogee Company (quar.) 10-1 preferred (quar.) —; $1.12¥z Emporium GapwCll Co., common—; v 50c •7% $1.12 ¥2 — — 8-25 0-14 Southland Royalty 9-12 Extra 10-25 ' —' Southern Pacific Co. 8-31 " 35c * 8-31 1 — (quar.) - preferred (quar.) preferred (quar.),. 9-15 10- (quar. Corp. (quar.) Finance V Quarterly 10-25 $4.50 Erie & Pittsburgh preferred 9-16 $1.50 (quat.) 9-14 w—' Southern Indiana Gas & Electric Co., 4.8% preferred (quar.) ■ Mount Diablo Oil, Mining & Development Co. 9-14- 87¥20 $1,12¥2. • • (William R.) 7% ■ ,. — Electric Common ?,f Works 2nd preferred Moore 1 4¥4% 5¥2 % 35c — 1st preferred Co. 9-28 25c common 7% J Morrison Cafeterias 65c — , Oil 8-29 - preferred (quar.) Kodak Co., common (quar.) 40c preferred (quar.) / $1.50 Easy Washing Machine Corp.— r : Class A (irreg.) —'25c:; Class B" (irreg. 25c Edgewater Steel Co. (reduced) 1—/——15c Edison Bros. Stores, Inc., common (quar.).;30c 4¥2% participating preferred (quar.)-i«: $1.06¥4 Dorado 8-22 9- 1 Motor $4.50 El 9- 9 I 6% ■ 8-17 1 10- 5 62¥2c Co.. ■ ." (quar.)_ —— Aircraft 4% preferred (quar.)—— ; 8-22 Corp.i__. Corp., 9-16 $1.50 Corporation, common (reduced)— $1.25 convertible preferred Class A (quar.) Southern California Water Co., common.: 9-5 9-1 — - ———— 9- 9-20 $15C participating preferred (quar.) Participating Mickelberry's Food Products $2.40 pfd—— Midwest Rubber Reclaimihg— 4¥e% preferred (quar.) Milwaukee Gas Light, 7% pfd. A (quar.) Minneapolis Brewing Co ! Mojud Hosiery Co., common 5% preferred (quar.) Montana Flour Mills, common (quar.) 9 50c. - 9-20 — $3.25 , Eastman - 8-26 ' 5c $15c $$1.75 $50c ^ (quar.) Oil Machine Metal Textile . 8-31 $75c (quar. com. 8-20 9-30 Sonotone 25C Co., common Groceterias, Inc. Messer $1" (initial) preferred $3.50 4 1 9-16 ; 9-10 6 9-16 (quar.) common (P.) Company, preferred (quar.) 7% 9- 9-15 : * " (quar.)— de Nemours & Co.— I.) 1 9-15 : (quar.)__ Paper Co/,, Corporation Driver-Harris Co._-L (E. 1 9- 9- 9- $1.12 ¥2 Lorillard 9- 8-29 Draper common 8-25 9-23 ; — Donnacona New 9-10 Mesta __ Co preferred Loblaw 9-12 Dominion Textile, Ltd., common :t 7% preferred (quar.) «lu Pont 8-22 9-30 Disney (Walt) Production— « 'cw t '' 6% conv. pfd. (sed Walt Disney Prods.) Doernbecher Manufacturing Co—r^__ ' 8-25 9- 9-15! 9-16 —— 9-10 (N. Y.) Corp. 8-31 9-30 Solar 10- 1 (quar.) Mines," Ltd. (interim) Wire (quar.) —— 8-3L 9-1 8-30 10-1 Liberty Fabrics of N. Y., Inc. (quar.)—. Liberty Loan Corp. _T. Lily-Tulip Cup, Corp. Lincoln Buflding Corp. (N, Y.) ^. Dayton Malleable Rock Oil Corp.— & & Sessions $2.50 8-19 9-15 — 9-2 Inc" Skilsaw, 9 37 ¥2 C Kinney Manufacturing Co.— $6 non-cum. preferred (quar.)... Kleinert's (I. B.) Rubber Co 8-19 9-10 — (quar.)__ Corp. Iron 1 1 8-29 Deep Stores 6 9-15 — ■ Diana 9- 9-15 (quar.)_— Crucible 'Steel Co. of Ameriqa— 5% convertible preferred (quar.) Cutler-Hammer, Inc. * (quar.) Detroit 6 9- (DeUi-/^-~__/—-- Supply Co. 9- 9-30 ' Dentists' 8-26 9- Continental Steel Corp Copperweld Steel Co., common5% preferred (quar.) Davison 'Chemical 8-15 9-30 „ 8-29 9- 37¥2C preferred Lamson (quar.). Continental 1 (Phila.)— preferred '(qua?.) Consumers Company, $2.50 pfd. Community Public Service Co Consolidated Rendering Co.— , 9-10 15C (quar.) Gold Steel 9-10 35c $1.50 6 ,2c When Hotdert Payable of Ree. $1.25 . (quar.) ——.— 4% 2nd preferred (quat.).—— Kingsport press, Inc. (quar.) ...! 9-3 9-12 4ii 9-9 45 50c 40-18 50c (increased)__— common preferred 4%% 3 9 9- Share - 80c — Canada, Ltd. 9-15 9- ' Commonwealth of Company, $4.50 9-15 preferred. (quar.)__ —l_ Coble Dairy Products, 5% preferred tquar.)^ Coleman Company, Inc., 4¥t% pfd. (quar.')_ Commercial Credit' Co/, common (quar.) 3.60% preferred (quar.) $4.50 9-20 11- 1 ' Shepard-Niles Crane & Hoist (increased)— Shenango Valley Water 5% preferred (quar.) Shuron Optical Co. (quar.) Singer,Manufacturing Co. (quar. , $75c Kelvinator 8-26 9-15 _ 60c 8-22 9-20 9-15 v (quar.).:—_ ____________ 1 93 %c 40c (quar.).——: 1 ' „ B 9-30 (quar.) 5% 8-31 8-31 Per j Name of Company ; 8-31 10- Corp..— 9-19 City products Corp. (quar.) Clark Equipment Co., common 10-1 Lamson Machine "Co. & Class 8-26 9-15 __ (quar.) preferred 7% $25c x$$1.75 (quar.)...... (quar.)—. — Justrite Manufacturing CO. (quar.)—.— Kalamazoo Vegetable Parchment Co. (quar.) Kelsey-Hayes Wheel, class A (quar.) .—— 7 9-23 • 10- 9-30 Chicago Rivet. & Machine Co. (quar.) Christiana Securities Co., com. (increased) 1 11- "(quar.L-._-' Chicago Mill & Lumber Co. • Payable of Ree. 9-15 Joy Manufacturing Co. ✓ : > * iJ_i—--- (quar.)'__i B 9-1 (729) Boldert 37¥2C Irving (John) Shoe Corp. 6% 8-20 9-12 i When Share Name 0/Company 9-1Q.^ 8-51 pfd. (quar.)__ Jamaica Public Service Co., Ltd., common.. 7% preference (quar.)— Jewel Tea Company, common (quar.)— 3%% preferred (quar.)—— Ameri(»___------_--'_-- of Charis * 9-20 Wire,'6 % preferred (quar.) CHRONICLE Per Payable of Rec. Named f Company FINANCIAL Holder1 When Central Steel & Chamberlin Co. COMMERCIAL & THE Number 4831 Volume-170 — preferred (quar,)-.. 25c 9 American Fork & Hoe Co., common — Effective July 1 name was changed to True Temper Corp. American Gas & Electric Co.— (increased A ' 46 COMMERCIAL THE (730) When Per FINANCIAL & CHRONICLE When Per Holderi Monday, August 22, 1949 Holder$ Common convertible American 6% Hide preferred (quar.) 11-10 9- , American American American American American Investment Co. Class A 37'/2c 37'/2c Si$1,25 (quar.) preferred A (quar.) American President American Radiator Corp., common —:— — 5% Lines, pfd. Standard & (quar.)_ Sanitary 25c $1.75 12'/2c 25c —T——■ — 7% preferred (quar.)—i— Safety Razor Corp, (quar.)—i— American Seating Co. (quar.) — Extra Co. American Tobacco American Vitrified American Woolen 7% $5 common— preferred (quar.) Products, Inc. — Post (quar.) — Anglo-Canadian Telephone Co., cl. A (quar.) Oil Co., Ltd. ordinary (final) Inc.— .————. Anglo-Iranian Anheuser Cotton Arcade Common 6% Mills Co., . Archer-Danlels-Midland Arden Farms Stock of Co., dividend Diced ('/2 Cream share Stock dividend Cream Argo Oil (Vath 4Mi % convertible Edison Arkansas 4Va% $3.75 $4 Gas Art Metal Artloom Ashland Oil 7% Atlanta preferred Atlantic Oil Atlantic Powder Tack Avon Gear Co. at 1 trating 9-23 Burkhart 12-23 12-19 12-23 Barlow $1.20 5 8-5 1 8- 9-15 9* 9- 5 8-15 1 1 3 Gossett & Howell (Belleterre Benson Co. Co., & Berkshire 'Bessemer Quebec Hedges, Fine Spinning Limestone preferred Bethlehem Steel preferred 5% 2nd & 8-15 37'/2c 9- 1 Corp. (quar.) Company Electric 25c 9- 1 8- $1 9- 1 373/2C ■9- 1 87'/2C 9- 1 8- 8 87'/2 C 9- 1 8- 9- 1 8- 8 Manufacturing Dominion Foundries A 10- 8- 5 8-31 & 1 8- 3 8-15 9- 25c (quar.)- 9-15 15c - 7 9-15 9- 9- 1 1 8-10 Insurance ;J 9-15 9-15 $2.50 9-30 9-16 $32y2c 9-20 8-19 8-31 8-31 > 7% 8-12 9- 7-29 Canadian 9- 8-19 Canadian 10c 9-10 8-15 9-15 5% 8-19 8-15 8-22 9-20 8-26 50c 9-10 8-25 8-30 9- ,,8-15 1 *>-19 9-15 60c 8-19 9- 1 8-15 9- 1 8-20 25c 9- 1 8-16 preference non-cum a Class $1 4V2% 9-15 12- 1 11-15 Canadian Class A Canadian Ice 12-15 1-15 Products, 3-1-50 2-15 Canadian 4c 4-1-50 3-15 5-1-50 4-15 (quar.) 9- 9 1 9- 9 — $15c 10- 1 9- 9 10- 1 9- 9 'Ltd., International 5% Canadian preferred Common 1- 4 9- 1 8-15 1 9-20 12-15 1 8-31 :$$1.12 V2 10- 1 8-31 10- 1 8-31 Ltd— Ltd.— $20c Ltd Co., Investment Oil : 10- t$l 1 9-15 9-28 9-14. 1 8-12 Trust, $$2.50 9- 8-25 $15c 12-15 (quar.)__ $$1.25 10- 1 preferred (quar.)— $$2 10- 1 $1.05 9- 1 8-12 Canadian Pacific 8-31 8-16 Canadian Tire Canadian Western 10- 1 9-3 1-2-50 12-13 9-1 8-15 -4% Ry. Corp., preferred $3 9- 10-20 10- 1 1 10- 9-10 $1 10- 9-10 1 1 8-20 Ltd.— Co., $20c pfd. (quar.) (quar.) 8-16 Carrier 8-17 2 8- 2 8-22 8- 9- 8-15 8-26 1 8 New 4.20% Central * preferred quar.) Central Detroit 8-15 Central Foundry Co., 5% preferred (quar.) Hollywood Building (monthly) 10-20 35c 9- 1 8-19 10- 1 9-20 60c 9- 1 8-8 10- 1 10-1 v, , 9. 2 9-20 N.: Y. (quar.) Power preferred Central Paper Co. Central & Century 9- 1 2c 9- 1 8- 1 $1.25 9- 1 8-15 25c 9-30 9- 1 8-31 8- 1 South Electric $1.12'/a common 10-1 9-16 30c 8-31 8-15 $1 9-30 9-17" 85c 9- 1 8-10 15c 9-30 Co. $3.50 preferred Colonial Life common West (quar.)_: Corp, Co Century Ribbon Mills, Inc. : (quar.) —1 (quar.)—. 25c ,1 (quar.) 8-31 7-29 10c 9-14 9- 15c 9-15 9-1 2 9-14 9 9- 1 $ ! 4% Stores, preferred 5% preferred Colorado 5% conv, 9-12 9-12 15c Class 9-30 9-13 9- 9 9-2 9- 1 8-20 50c 9- 1 8-20 62y2c 9- 1 8-20 45c 9- 1 8-15 25c 9- 1 Iron Corp.— (quar.) Elevator Co. & B Co. 1 8-15 9- 2 8-19 35c (quar.) 9- 2 i Commonwealth Life Commonwealth & Insurance Co. Corp. (Ky.) Nast (quar.)_ Congoleum-Nairn d$1.25 & — Power, Baltimore, B 6% Consolidated Gas Paper Textile 9- 1 1 9- 6 9- 1 8-15 $1.50 9- 1 10c 10- 1 9-20 9- 1 ,..8-20 Gas Consumers Glass Consumers Power $4.50 8-12 10- 7 (quar.)_ 90c Corp. 10- 1 10- 1 9-15 $1 10- 1 9-15 9-15 8-18 (quar.) 15c (quar.) 25c Can 8-10 8-31 8-31 $1.12 y2 ; (quar.)_ A Cosden Petroleum Cork Crown $2 A 9- 1 8-15 9- Crown $4.20 Crum 5% 50c 20c Forster, 8% 9-10 $2 .8-12 $1.66 y2 9-12 9- 2 933/4C pfd 1 9-15 9- 9- 8-19 (quar.) 33/4% 1 10- 1 10- 1 9- 9* 25c 8-27 8- 9* 50c (quar.)_ com. 9-15 8-23* .... . 40c $1 $1.05 preferred (quar.)__ Co., Industries. Corp., 9-20 $2 10^ 1 v 9-13 9-1 8-12 9- 8-12 1 9-30 9-17 $1.75 9-30 9-30 9-16 25c 1-3-50 12-19 pfd. (quar.)_ $1.25 IOC (quar.) 10- 9-16 - 1 9-16 ' 11-15 11- 5 $1.12ya 10- 1 9-15 20c 9- 1 8-15 i2yac 9- 1 $1.75 10- 1 75c 10- 1 Inc.— 25c common (quar.) A. (quar.) class . $1.25 (irreg.) com. 50c $1.75 15c 8-15 , 9-1S 9-16 9-18 9- 9-18 9- T 9- 8-17T 1 X Light, common preferred A (quar.) 1 8-15 9- 1 8- X 9- 1 8- 1 45c 9- 1 8-17 933/4C 9- 1 933/4C •9-1 8-17 20c & 9- $37»£c $17y.c 9-10 8-26 25c 9- 1 8-10 75c -9-1 8-10 35c 9- 1 8-10 35c (quar.) Dayton Power 9 $1.50 Cushman's Sons, Inc., 7% preferred (quar.) Dahlstrom Metallic Door„ Davis Leather Co., Ltd., class A (quar.) B 8-12 - Corp.— preferred A (quar.) Publishing Co., $7 pfd. (accum.) prior preferred (quar.) Class 8-12 9- convertible non-cum. 9-23 » 1 — Curtiss-Wright 8-26 v. 8-26 9- Curtis $4 7-22 10-15 25c (quar.)_ Sugar (Helene) 8-22 8-19 ... $37y2c common— Clothing, 4preferred Companies Curtis 8-22 75c Sugar Co., 5% Corporation (s-a) Curlee 8-15 .7 Works Atlantic Culver 1 9-10 9-12 8-23 arrears. Irregular Cuban 9- 10c 20c Corp., common preferred (quar.) (quar.) preferred 8-16 $15c preferred & 7% 1 ; $5 conv. Co., Inc., (quar.)_. Cuban-American 8-16 9- 75c Zellerbach 2nd $4 1 $$1.25 Seal preferred 8-10 9- $1.31 V* Ltd., , 8-30 25c 25c International & 1 $10 i . (quar.) Cork 8-25* 9-15* common preferred Creole Petroleum Corp Crompton & Knowles Loom 6% preferred (quar.) Class 9-15 1 (initial) The above payment clears all Crown 9-30 9-15 10- V Corp., 9 8-19 3iy.c (quar.). common Corp., (quar.)— 3%% ^ 1 50c (quar.) Company, 9* 9- 30c 9- 9 93J/4C Corrugated Paper Box Co., 5% preferred (quar.) Crane 7-29 I'V 10- 1 25c (interim) Electric preferred 1 * $1 common preferred 10- $1.13 V prior preferred (quar.) Cooksville Co., Ltd., class A (quar.) Copeland Refrigeration Corp Copper Range Co., common Inc. 1 8-26 $3 $5.25 8- 9-15 (quar.) Varnish, Cornell-Dubilier 1 40c Continental Casualty Co. (quar.) Continental Copper & Steel Industries, Inc.— 5% preferred (quar.) Continental Mills Coro, 9- 25C America Co., non-cum. 8-15 $37y2c Pa.) (quar.)— of preferred & 8-20 Co. preferred Paint 8-15 1 9-1 $13c (quar.) preferred (quar.) Continental Assurance Co. $3.75 I 9- 15c (quar.) 9- 25c (quar.) Mills 4% Continental 9-15 • Corp. Co. (Reading, Co., Ltd Corp. 9-15 11- 1 Power $1.12 y2 Co. preferred Container .8-1* 40c & Consolidated Theatres, Ltd., 50c class A Consolidated Water, Power & Paper Co Consumers 2 $1.25 common Consolidated Laundries Consolidated 9-15 $1 ' Light Utilities Consolidated 8-16 9-10 10- pfd. (quar.). (quar. (quar.) (quar.) C 9- 1 9-15 75c Co. preferred preferred 9-15 9- 56y,c (quar.) 40c preferred Coal 8-15 37'/2c Power Co. Common (quar.) $5 preferred (quar.) Consolidated Gas Electric of 9 9- 1 25c (quar.)— (Toronto) (quar.)^ Consolidated Edison Co. (N. Y.)— 4V2% 9- $$2 — (quar.) River Connohio, Inc., Inc. Asociation Light Consolidated 8-31 1 40c —.— Publications, Connecticut 9-15 10- Telephone Co. (Wise.)— Cone Mills Corp Confederation Life Connecticut 9 6 9-14 — $1.50 preferred Conde • (Del.)— preferred $5 98- 10- 1 15c Southern Z 8-25 6c (Del.) 8-12 ■ 9-24 y2c Co. 8-19 9-10 a-500 ^ 25c Investment 8 9- 35C — Shearing & Stamping Co.— Commoil, Ltd. 8- 37y2C (quar.) A —„; Carbon Commonwealth 1 1 $1 (quar.) Quarterly $6 9- 8- 1 50c America of Broadcasting class Commercial 9-15 9- 87y2c Co. common 8-25 1 1 preferred Columbian 9-10 1010- — Milling Columbia 9-16 $20c (quar.)——_——....—— V Power (quar.) —— Colorado Fuel & 8-16 1 $1 — (quar.).—— Central 1 50c Corp.— (quar.) Inc, 9- 10- $7.50 —— Insurance Colonial 9- 1 (quar.) - 8-17 " 33/4% 9-20 20c Corp.— (quar.) 9- Foil Co. (quar.)_ Co., Ltd. (quar.) Colgate-Palraolive-Peet Light Co.— preferred Central — 9-15 25c : ; Illinois preferred (quar.) Central Illinois Public Service 3.40% 50c 50c 4 V-i % 4% - Co (quar.) 1 Cochran 8-10 Co. 8-10 10- Cockshutt Plow 8-10 8-31 1 8-15 1 9- 11- 8-31 1 10- Monthly Chemical Curtis 9- isc 50c 9-12 9- $$1.75 8-15 9-12 1 27 3/2 c Cold 9-15 1 10- 62 3/2 c Central Central 10- (quar.) Warehouse 1 • International 8-10 8-31 Central d40c d$1.75 8-10 10- 8-15 8-15 I $$1.50 8-15 1 8-25 Storage 9- $1.12 y2 ■ (reduced) Company 1 8-15 (quar.) preferred 8-10 87»/2c Inc. Coca-Cola 9-30 9- $1.10 8-22 9- 1 9- $1.05 com... 8-15 9- 9-13 9- 10-15 $1,123/2 ; Co. 8-17 9- 50c I73/2C Paper 9- preferred Quarries Coca-Cola " & 9- 9- 10-20 '50c (initial 30c 15c 1 50c $1.183A 12Mic 11- Co.— Light 8-15 1 20c 8-20 25c (Initial) Arizona 1 9- 20c 8-15 6 ' $2.50 $i.0Gy4 11-15 9- $1 common common 9- 50c (quar.) (quar.)— (quar.) Industries, Clorox 8-15 9-1 50c preferred (quar.)_, Carson, Pirie, Scott & Co., 4V2% pfd. (quar.) Case (J. I.) Company, common 7% preferred (quar.) Tractor 8- 1 8-13 12- 1 Carpenter Caterpillar , . $1.06'/4 4% 8- 8-25 8-22 Illuminating Co. preferred Cleveland 4% 15c stock Clinton $1,371/2 Co.— regular guaranteed Electric (quar.) dividend) stock $4.50 8-13 37y2c 8-16 1 9-23 8-25 25c 373/2c & 91 8-15 1 12'/2C 9- 9-12 1 .10- 1 75c (quar.)_^ 9- 9- 9- Ltd.— 15c 9- 40c preferred 7% 8-22 9- , Corp. 1 10- 30c 9-10 1 9- $30c Company, 4V* % pfd. (quar.) Paper Co., common (quar.) 4% preferred (quar.) Carpenter Steel Co. (quar.)—. 10- 9- » $50c Gas Capwell, Sullivan & Furth, 6% Carman 1 (quar.) A (quar.) Products Co. preferred 9- ordinary preferred 6% 1 Co., ' 9-16 10- $$1 Ltd. (quar.) Extra ,-9-1 "■*' — Natural Capital Administration Capital City Co (5J/2% & Pittsburgh RR. Cleveland 11-25 preferred $1.50 Co. guaranteed 5% 9-15 y (quar.)_ 8% Stamping special Cook $15c Cos., Ltd;— preferred Co., 4% 8-31 10- 4% 9 50c 10- 0 10- (quar.) Canadian 9 $1,75 a 8-19 9- . 11- 8-19 1 9- Associates— 1 8- 1 7, 2-2-50 9- 1 J10c 8-1 . $2 5c (quar.) 1 25c 8-22. 8-€2 8-30 , , $183/4C common Corp., ' 1 $4.52 (accum-) Co., Ltd.— Motor Lamp Common Electric 9- Ltd.— - Ingersoll-Rand 10- (quar.) $20c $25c Ltd., Machine Co., 10- ,, 1 10- (quar.) com. Investment 30c 40c 10- $5c (quar.)—: 5% (quar.) $25c — (quar.) Canadian 5c 8-31 9- 9 / 50c A 1-1-50 25c 1 1 $10c preference (quar.) Foreign 4c / 1010- — preferred 2-1-50 15c $50c Reduced 4c 1-15 8-15 1 $25c Food Class 8-15 2-1-50 9-23 8 10- Co. ; conv. 8-15 9- 12-31 Auto Investing 8-12 — (quar.) 8-12 9-14 8-10 , 1 $31'/4c —_ (quar.) Quarterly 10-15 12'/2c (quar.) & Foundry Co., (quar.) .Dredge & Dock Co., Canadian 1 $1.12y2 8-29 , Canadian-Fairbanks-Morse Co., Ltd.— 1 10-15 ; 9- $25c 9- 1 1 9-30 $25c 11- 11- 9- $20c Common 10- $1.12 9-15 •$$3.50 — Common • 4c 1 ; 8-31 8-15 4% Car A Canadian 1 9-15 +50c common Participating Canadian 8-10 (quar.)— :m.i2>/2 pfd. 10-14 50c , , Breweries, Ltd. Canners, Ltd., 1st 9- 9- v."]" Participating 8-10 9-15 .* 25c 1 Ltd.— preferred— Vinegars, Ltd Canada 9- Co., non-cum. 9- 9-12 Ltd.— 9-20 $25c $373/2C 9- 8-12 & Connecticut Power $15c Forglngs, 8-20 .9- 8-18 $25c - 9-15 1 9- $1.25 7 9-10 $1.123/2 (quar.) Starch 5c 10- 10-28 30C Ltd Malting Co., Ltd Safeway, Ltd., 4y2% 20c (quar.) 10-28 20c —— Sugar, Canada . Co. 8- 8 $1 Canada $37y2c common 1 $30c - 9-30 $1.25 Cleveland 9 & Terminals Co.— Canada - (quar.) 8-15 50c 1 $1.06 (quar.) Corp. - $30c Life 9-15 $1.25 8-10 8 $1 Co., com. 8-15 9-15 Colorado — States 8-23 1 9-30 1 8-20 ; (quar.) Power 1 9- 9- 8-15 (quar.) Co, 9- 75c 25c Commonwealth Machine $1 75c „ $1 8-16 : Ltd.— Adding 8-16 1 8-16 1 • 8-29 „.:v •* ' 9-1 pref. (participating) (quar.)_ & 4c Co.— • 6 9- (quar.) 8-12 1 $1.75 Cement 9- — preferred 9-15 1 — (quar;) Milling Machine Cyti 8-15 8-25 (quar.) Mills Clary Multiplier Corp. (stock Clearing Machine (reduced; 8-19 20c (quar.) preferred Class (quar.)_ pref. 1 9-15 45c vi (s-a), Cement Co., Ltd,— preference (quar.) Canada Crushed Stone, Ltd „ Canada c conv. 1 9- isc :r —— 9- (quar.) $2 8-15 9- 10c — Camden Refrigerating 4c common (quar.) (quar.) Mines, Ltd 35c 20c 75c preferred 1 9-20 (semi-annual) Special _; 4c 7% preferred (quar.) Belknap Hardware & Mfg 9- 1 Co. 8 / (quar.) 9-15 10- f Bros., 4y2% preferred (quar.) Butterfly Hosiery Co., Ltd., com. (quar.)—- 8-29 25c Corp. 8-19 $1.25 9-15 share, plus this dividend)- Shoe 8-19 1 — Butler 9- 40c Manufacturing Co. (reduced; Belding-Corticelii, Ltd., common (quar.) 4'A% B Canada 8%c preferred 1 9- — 9-15 Belden & A 8- $12 Vbc S.) Co. Burroughs 9-15 — Extra 8-15 9- 25c (quar.)— 9- Bayuk Cigars, Inc Bayway Terminal Corp Beaunit Mills, Inc. (A. & 9-30 (quar.) Bathurst Power & Paper Co.— Class A (quar.) 4%% conv. 8-15 1 $10c common— 9-15 $1.25 — (quar.) $1 Seelig Manufacturing A (quar.) $7MzC (quar.) Co preferred 8-25 50c class 8-15 1 9- 8-15 9-15 (quar.) com. (quar.) preferred 9- $1.12Mi V 9-15 12V2C (reduced)—————4':. Sullivan Mining & Concen¬ & Co, Class 8-5 9-1 $5c. common 8-15 10- 1 10-14 $30c Ltd——I.——y-——— Mfg. Class 8-5 9-1 40c Co 1 $7'/2C ' —— Co.- 3y2% 3'/2% $1.12 (quar.) preferred (quar.) & Co. Burlington Mills, common 12-19 4% Co._ & Sons 9- 9-15 25c $25c — pref (s-a)_ 9- 8-10 10-31 1 10- 8-18 •—1__— common Inc. Hill 4c common 1 1 28 Vac $1.30 Barnsdall Oil Co J&ibb 8- 1 9-30 8- ' preferred 4% 7-26 9- 8%o (Joseph) 4lA% 7% 9- 2 Bunker 4c Show 99- 90c (quar.)„• (quar.) preferred Bullock's, 8-19 < 4% Bell 8-10 1 (quar.) per 7-31 10- $1 8-22 8-31 30C — Line— Fund, 30c - 9-13 * 25c (quar.) A 35c 8 25c ;— (quar.) Forge 1-21 1 (quar.) Radio $11 prior Buffalo Bullock $1.75 (quar.) 8- Canada — Hydro-Electric Co. preferred (quar.) Bell 10-22 1 _ Wilcox 1 $1.50 — _ Pipe $1.50 (quar.)— preferred (quar.) T.),. Inc. (quar.)—— 9- $1.50 -•— $1.50 __ 8-25 —————,-—y Company, 9- ; 7% . Budd 1 (quar.)-.; Bangor Beck 6 8 . 1 8-25 9-15 —————- 40c (quar.) Corporation, common .Bancroft . 10- 1 preferred (called for redemption Sept. 1 • Buckeye 11- 30c (monthly) preferred preferred 6% 1 9- . (monthly; 0-15 $25c 25C Extra 1 8- 9- common of America Works $37V2C pfd. 8-12 common—:. ' 9- 9-15 8- — .. 6 8-15 preferred (quar.) ; J, Cincinnati, New Orleans & Texas Pacific Ry. 5% preferred (quar.) 6 9- ' (accum.) (quar.) Brunswig Drug Co, 9-15 r $12'/2c Canteen Baltimore 9-30 9- 1 (quar.) Mfg. Co., common preferred (quar.) preferred 9-15 - Baldwin Locomotive Works, 7% pfd. .Balfour Building. Inc. (quar.) (Baltimore Porcelain Steel Corp.— , 10-14 $5 1 1 4% 1 10- — — 4'/a% Brunswick-Balke-Collender 1 10- 10- 40c (quar.) Extra • "9-15 preferred 7% 9 9- 50c Co., Ltd., $4.50 7% 9- 9-15 Ltd. B Brunner 30c (quar.) & 8-10 1 9-27 40c (quar.)- (quar.) Service $4.50 Babcock 9- 6* $1 Ltd (B. 8-25 9- 3 — — — — (quar.) class A (quar.) Mills, Class 10-15 Gas City common 9-15 (quar.) (monthly) preferred (quar.) JBabbitt Bruck Co. preferred 8-15 — Mines prior 9-15 10- • preferred 9-15 (monthly) D. Shoe $3,60 9- Common V. Brown 9 1 $23,vc (increased) Co. common Co, 10-15 Allied 4'/2% 8-12 8- 130c Co— Common Common 1 9- 1 Co., 6% Rubber 8-15 933/4C (quar.;__ 9-15 — (monthly) B. Brown Brown 8-31 , 2 8-25 8-30 ; ' 9- 9 (monthly) ■ 9-24 5 RR. Common , Bigelow, & 9- 9-13 9- preferred 4% Cincinnati Co., Ltd/— Gas preferred 93%c —— — — — — — — — -w—e- Brown 50c preferred ^Common ( ( s"*) Union 25c Products, Inc. (increased) Avondale Mills, common (monthly) Common (monthly) Common (monthly) , 6 9-30 . common 40c Cincinnati 6 $25c California-Western Co Corp. Common 9-10 C1&8S Brooklyn $1 (quar.) (quar.) Corporation Automotive 1 California Co. Atlas Automatic 1 Byers (A. M.) . Corp. Atlas A 1 9- 9- 9- 1 1 Products, Ltd., 5% Textile 1 Cotton Oil (quar.) Chile Copper Co. (reduced) Chrysler Corporation 8-15 9-20 (special).. Co., 5% conv. preferred B (quar.) Steel 9- 10- SI — Candy 8-10 8-25 50c $1.12 3/a common Chickasha 8-25 75c — (quar.) 62'/2c (quar.) Refining Class 9- 9-15 2 Mfg. Holders Payable of Rec. 40c , Fibre (quar.) Chicago Yellow Cab Co 7-29 9- 8-25 16c preferred (quar.) British-Columbia Packers, Ltd,, class A (s-a; 7-29 ** (quar.) (quar. Line Atlas Gold Common 8-25 50c 50c (quar.) Oil 9-15 - Electric 8-18 preferred British-American 7-29 - 9-16 — Co. common— 1 preferred (quar.) Topeka 81 Santa Fe Ry. (auar.)— Light Co., common (quar.)_; Coast Auto 3%% 8-22 (quar.) Co.— 25c Atlantic Aunor Bristol-Myers .11-21 & Rubber Co. Bearing 1 Gas 4'/2 % 1 1 9-20 20c 2nd Atchison, 1 Roller 9- (quar.) (quar.)_ 8-17 1 Fund, Inc, (quar.) ;— Real Estate Trust (quar.)—.-.-—-——— Boston 10- Dry Goods Corp., common (quar.) preferred (quar.) 1st 8-22 9-15 $15c $$1.12'/2 $1.25 Corp. 6% Bower , $1.12V2 (quar.)— common— Refining convertible Aspinook 8-31 9- (quar.)_, Asbestos Associated Boston Woven Hose 9-15 15c (quar.)_ Construction & 8-26* 8- (quar.)_. Carpet Co. Corp., Ltd. $1.20 Co. common Co., preferred preferred 9-15 Burton-Dixie — (quar.) preferred preferred Cork 9-15 9 Diced commrn $5 Corp., conv. Armstrong Boston 1 1 33/4% common) preferred Co., Western Steel Armco of 1 8-11 9-1 (reduced)——— Aigus Corpcration, Ltd., Arizona share 9- 10- (quar.)-——-— (quar.) Valve Cherokee 8-11 9-15 75c 12'/2c -—— 15c -25c Co, & & Chicago Corp., $3 preferred (quar.) Chicago, Rock Island & Pacific RR., com 5% preferred series A (quar.)— 8-10 1 9- Co.) . 8-24 9- Burns (quar.) 12 J/2 C 8-25 stock com. America of America Co. of Corp. of 8 60c 50c '. 8- 9-26 Company (interim) Manufacturing Co._—— 50c Co. common $3 participating preferred Participating —— t (quar,)— common 7 9-30 50c 12- 25c $1 $1 $3 (quar.) 9- 25C Share (quar.); preferred Chatco Boss 9- 25% preferred (s-a) 8-20 Borden 8- ' 1 8-15 8-30 ; Eusch, 5% 9- 9-15 $5 preferred 8-20 1 11- 1 $1.50 $1.50 1-31-50 9- 1 $15c — 8-20 1 1 W-r:.xf (quar.)— 1 9- $1.50 — 9-10 75c $1 50c $1-75 $1 10c $1.25 —,—. (quar.)— (reduced)- 9- — — Club 9- 60c —— preferred 6% pfd common Chase 30C „ Co. Paper Chapman $4.50 Co. (Sidney) 10- \ Champion 8-12 8-22 $1.35 (quar.)- 10- $1.75 (quar.) (quar.)— Products Co., Lead & Smelting, Zinc, prior Anchor 6% pfd. (quar.) (quar.)——————— preferred preferred $4 American 7% Refining, Sugar 8-12 1 1 9- 75c Smelting & Refining Co., common Foundries————;— American 1 9- 9- 9- ' 10- 8-31 Steel American 60c $1.50 Company Belt $1.25 — (quar.; com. Foods Moon Blumenthal 9- 1 25c — — preferred 6% American American " 1 Tobacco Bros. 6% Blue $1 : (quar.) B $4 Bloch 8-5 Chemical— & Class 8-5 ' Name of Chain (quar.) Book-of-the-Month - Co.— preferred Payable of Ree. $1.05 Light, 8-15» 1 10- —— 37'/2c —31'Ac i--:. 28'Ac $1.25 conv preference class A (quar,)—— 31'Ac American Laundry Machinery Co. (reduced). 35c American Machine <fe Foundry Co—.u——— 20c American Metal Co., Ltd., common — 25c 4^2% preferred (quar.)——! —*— $1.12'/2 4V2 % preferred (quar.) $L12'/2 Meter & Power 9-1 (quar.) preference (quar.)—; 4Me % preference (quar,)— Potash 8-31* Illinois— of Hills 5.40% preferred (quar.; Blaw-Knox Co. (quar.)-,— 9- 5% American Black 9-1 Common American 8-17 9-12 (quar.)—,—-— (Newark, N. J.)— >———45c »«,i» 1 Co,—• preferred Insurance Co. Increased 8-17 4.20% -75c Home Products (monthly)—10c Indemnity (Baltimore) (extra)— 40c Indemnity Co. (s-a)—— $2.40 convertible 8-17 1 Bigelow & Sanford Carpet Co., Inc.— Common (quar.) 6% preferred (quar.) Bird & Son, 5% preferred (quar.) 9- 75c 1 9- 50c 62 V2c (quar.)...,—i-; Leather -10-50 Share Name of Company 8-19 10c ——-r- (quar.)— preferred & 10c (irreg.)_— com. preferred convertible $2.50 $3 Corp., (irreg.; convertible $2 10-10 When Per " General Payable of Rea. Share Name of Company , American De preferred Walt, Inc. Deere & Company, B (quar.)—- common (quar.) Special 7% Del • . preferred Monte . (quar.) Properties . Co. .(quar.); Delaware & Hudson Co. (quar.) ' 7 $1 9-20 8-15 - 8-29 j 4% pfd. (quar.)__ 3.70% preferred (quar.) _ 4.28% preferred (initial quar.) Dempster Mill Manufacturing ( quar.) Stock Yard Union Denver 9-10 General Baking Builders 9-30 9-10 General 9-30 9-10 5% ► 8-20 1 8-15 9-15 50c lc ___ 1 9- 9-27 11-15 9- Ordinary 1 Bonus Diamond Alkali Co. Match Co. 8- 1 8-19 General 9- 1 8-19 7% 75c 9- 2 8-19 7% (quar.)__ share (One held) for i Corp.-Seagrams, Ltd. Dixie Cup Co., common (quar.) $2.50 class Pepper A 20% Gas Dominion-Scottish preferred Stores, Tar Common -Voting Ltd. Precision General Refractories 8-31 8-17 General Steel $4 preferred Eagle Picher 1st Gas Co., preferred & $4 preferred Boat Electric Ferries 6% prior 9- 15c 9-10 8-20 30c 9- 9 8-19 9-30 9-20 9-10 Drug 9- 10c 2 9-15 9-15 9-15 8% 9- 12-15 12- 1 1 9- 2 10- 1 9- 2 preferred 1 9-30 4% guaranteed District <■ 5% lff preferred Common 20c $3 • 1 9-15 15c 9-21 9- 9- 8 - 9-30 1 ; £. $5 < preferred Railroad 10- $5 preferred 1 preferred Esmond Fair Fajardo Morse Sugar Farmers Fashion Life Inc., Insurance L $2.50 50c, (quar.) $1.25 convertible Insurance Federal preferred Co; (N. United Finance Co. at 40c $1 pfd. First National First (quar.) FitzSimons & Dredge Dock & - $4 preferred Power Corp., Florida Power & of Class A Class V : 8-20 9-10 9-15 9- ■ Fort 9- 5 9- 8-26 8- 8-26 888- 1 Franklin Simon & Co. Freeport Sulphur 4% Gair :Gair .. 6% -6% of (quar.) Canada, Ltd., (Robert) Company preferred (quar.) preferred (quar.) General American 8-16 $1 4% pfd. (quar.) preferred 9-15 (quar.) i 9- 99- $$1 10c — 1 1 (initial s-a) Corp.- (quar.) —— *' 1 9< 1 9- 1 , 8-16 8-31 8-16 8-16 8-31 8-31 8-31 8- 8-16 8^16 8-31 8-16 8-31 8-16 3c 8-31 8-16 7c 8-31 8-16 8c 8-31 8-16 • $5 preferred $1.25 3-30 $1.25 (quar.)— 12-28 $1.25 3-30-50 — $1.25 6-30-50 9-12 12- 8 3-10 6-12 75c Co. 9-10 8-15- 30C — Utilities 10- $1.25 (quar.) Stores, 9-15 8-22 8- 1 9- 1 8-15 9- 1 8-15 Co., Ltd. Watch Co. Water, 4% 1 9-15 10- 1 9-15 1 8-10 25c pfd. 9-15 8-16 $1 9-15 8-16 25c (quar.) Co., 8-10 9- , 9-15 1 10- $12 %c $22 %C conv. 9-10 8-19 (quar.) common —_ $1.0614 10- 1 9-10 $1.12% A 10- 1 9-10 Oil Co. of California— Silver Utilities Investment A.) Company, common preferred (quar.) Refractories (irreg.) ' - Public Iowa Iron Fireman Mfg. Jamaica Gas, Fire 4%% Co. Insurance 5% pfd. Jefferson Glass Co. preferred preferred Hotels conv. 9-15 9- 1 9-15 9- 1 (increased quar.) 30c 9- 1 30c 9- 1 8-10 12- 1 11-10 7% Jones & (stock dividend)— '9- 1 10-20 10-15 9-30 9-14 8-31 11-11 10-31 1 8-19 Co. (quar.) 10- 1 8-11 6 8-13* 9-16* 9-15 8-20 $25c 10- 1 9-16 $$2.50 10^ 1 9-16 25c (quar.)_. Ltd.— 343/aC (quar.) - - (quar.) ' 9-15 8-31 25c 9- 1 8-17 87 %c 9- 1 8-17 50c 9-10 8-26 31c 9- 1 8-19 20C 8-26 8-16 9-30 9-20 20c Corp., common (quar.) preference (quar.)_u——- 20c 10-28 9- 1 8-19 50e 9- 1 8-19 9-15 9-30 9-15 8-31 10c 9-29 '"9- Mills a I J — 8-25 11-15 10-25 65c 10- 1 $1.25 10- 1 (quar.) preferred A (quar.) Vegetable Parchment Co. (quar.) 15c Light, 4% pfd. (quar.) 3.80% preferred (quar.) : Katz Drug Co., common tquar.) $4.50 preferred (quar.) $J Corp., Kalamazoo Kansas City Power & Kawneer .Company 8-31 9-12 5% 30c .. Steel 9-12 . 9-10 35c — (increased quar.] dividend Laughlin 8-25 (La.)— Sulphur Co. 2 9- 2 8-30 9- 1 8-15 9- 1 8-15 9-15 95C 8-31 1 9-15 9-30 9-10 10- 25c Moc 9- 9-10 12 %C $1.12% (quar.) * 9-30" 9-10 25C •9-30 U'.:,,\50C CopperrCorp. Kennecott, V' 9-30 '"20c 9-15 8-25 9- 8-15 (quar.)——_______ Kentucky Utilities! Co., com. (quar.) 434% preferred (quar.)— Kerlte Company Kern County Land Co. (quar.) $1.18% 9J 2 9- 2 " 1 9- 1 $6 Oil Industries, preferred $1.20 Keyes (quar.) com. 5% 6 8-15 9- 6 8-15 1 8-13 9- 30c 9- 1 8-13 $1.50 10- 1 9-23 $1.50 9- 1 (quar.)__ 25c 10- 1 9-15 (initial) __ 10c 9- 1 8-16 (quar.)— pfd. conv.^pfd. Kings County Lighting new 9- 6%c — (quar.)——— Fibre Corp. 6% prior preferred (accum.) King-Seeley Corp., 9-15 75C 25c Kerr-McGee 50c com. 8-25 $5 (G. prior Kirsch 9- 9 5c Kinney 9-26 9- 9 $1.25 8-25 8-10 25c Inc.-(quar.)— R.), preferred (quar.) 9-26 Company— $1.50 preferred preferred Creamery Co. Knudsen Common of (quar.) 1 9-21 37 %C 1-2-50 12-22 37 Vic 4-1-50 3-22 37 %C (quar.) (quar.) (quar.) pr el erred $1.50 $1.50 — 10- California— IOC — 9- 9-14 15c 8-31 — 3 8-15 8-25 37 %C preferred (quar.)______ Co. Kresge (S. S.) Company (quar.) Kress (S. H.) & Company (quar.) Kroehler Mfg. Co., 60c Koehring ' 8-15 50c 9-12 8-23 50c 9- 8-10 1 4%% preferred A (quar.) $1.12% 9-27 4%% preferred A (quar.) $1.12% 12-28 60c 9-1 Kroger Company, common (quar.)___ 6% 1st preferred (quar.)—__— 9-21 12-21 ; 8-10 1 9-15 15c 9-14 -~'9-8 preferred (quar.)__j—L Laclede-Christy Co. (quar.) Laclede Gas Light Co. (quar.) 20c 9-30 9-24 8-31 8-10 50c La France Industries, $1.50 common—— convertible of 5c Co Lake Superior District Common 9- 1 8- 1 9- 1 8- 1 $18C preferred 5% convertible Lamaque Gold (M. Lane-Wells Co. Inc., Lea Fabrics, & D.) Leslie Salt Lessing's, Inc. 8-18 10-31 9- 1 8-15 8-25 1 9-10 9- 2 8-15 8-31 8-19 8-31 8-10 50c 37 %c (quar.)__— (quar.) 8-24 9-15 5c 25c 10- 1 9-13 62 %c 10- 1 9-10 37 %C 9- 3 8-20 35c 9- 1 8-15 50C 9- 1 8-10 40c 9-15 8-20 5c 9-'9 9- 9-10 8-25 (quar.)— — 9-15 10- $1 — < Llbby-Owens-Ford Glass €0. 8-17 1 1 $25c Company (quar.) 1 9- 40c (quar.) Inc. Co. 10- 11- 25C preferred (H. 8-15 7%C — (quar.) (quar.) — Lees (James) & Sons Co. (quar.)_____^.____ Lehigh Portland Cement Co. (quar.) $2.50 Lee 8-15 8-15 1 $3 (quar.) (quar.)_ Company, common 1 1 9- $12c common Bleachery & Dye Works Lang (John A.) & Sons, Ltd. (quar.) Lansing Stamping Co. (quar.)—— Lanston Monotype Machine (quar.) Leath 99- 25c (quar.) (s-a) Inc.' Bryant, 8-t5 $1.25 — preferred Mines, Ltd H.), preferred $6 40c (quar.) 2nd 9-15 Power Co.— (Increased) 5% Lane 9-16 9-14 $40C I (quar.) preferred (quar.) Mines, Ltd Shore Lamston 3 9-30 10- $$1.75 Common 7% 35C 10- Woods Milling Co., Ltd.— 10-18 25c 9-30 $1.25 _ Lanett • 8-19 $1.25 $1.25 $5 (quar.) Lake 33%% (reduced) (s-a) B 2 8-15 1 5C com. 5% 8-25 9-10 30c ; (reduced) pfd. A (quar.) preferred (s-a) & Johnson, com. Stock 8-15 ' 1 Co. Johnson Steel $1.12% - 9-20 25c 9334c (quar.H the 30c '-4% Lake Lake 25c (quar.) 7-29 9-29 (quar.)__ —i—,—— (quar.) Co. B Knitting Laclede 10- 8-22 75c preferred A (quar.) 8-15 9- 9-15 common Supply, preferred $5 1 8-25 Mining Co., (quar,) Engraving Water 9- 9- Hilton Oilier & 8-15 , 1 10-15 30c Jahn 8-15 50C (quar.) Chemical - - 8-15 9- 9-15 $75c 16c Jaeger Machine Co._ 1 1 8-12* Inc. Iowa Southern Utilities Co. 1 9- 8-11 1 (quar.) Corp. Fund, Service 1 9-12 1 9- Ltd.— preference (quai'.)__ preferred 9- $1.50 (quar.) preferred vl 1 9- 25c (quar.)___-.— common quarterly basis a 9- $1.06% - - 2 9- 40C Stock on 9- $1.20 _ ^ Co.— 9- 9-20 ' Now 50c (M. 2 9-29 25c — Investors Telephone Co.— 25c m (quar.) $1 9- $1.50 (quar.) 8-22 9-29 Foundation, convertible 6% 5 9-20 $1 Corp. Co., 8- 1 t40c Corp. Intcrtype 50c (quar.) B 9- $1.75 (quar.) (quar.)_— Products 25c A — of Paper Co., common International 4% Monthly 8 1 9-30 $12 %c (quar.) Ltd U- 9- t7c Co., Paper 1 37 %c (quar)._ Ltd Bridge 1 12- 25c — 0- $250 50c (quar.) Hlbbard, Spencer, Bartlett & Co.— Reduced monthly * ——.—* Monthly 8-19 8-15 10-31 International 8-16 8-31 25C 5% 12-1 ' 12-31 Co. ' preferred A (quar.) Heywood-Wakefield Co., common 8-13 9-10 15c 8-16 8-31 7c 3%% "8-19 12-20 75c 8-31 9c Hendry (C. J.) Company, 5%% pfd. Heyden Chemical Corp., common 8-18 9-10 30c 8-16 25c 5% 8-18 1 30c 8-31 10c Hendershot Paper Products, Common (quar.) 8-12 50c (quar.)__ preferred Co. Gearko, Inc., 6% ,, common 1 9- $1 8-16 Hazel-Atlas [Franklin]) (quar.) 8-16 8-31 Hathaway Bakeries, Inc. (quar.) Pineapple Co., Ltd. (Irreg.) 8-19 8-22 10c (see Simon Co. Fruehauf Trailer Co. 10- 37%c (quar.) 8-31 9c • preferred; (quar.)_. preferred (quar.)__~_ 4%% Hecla (quar.) Co. 8-16 12c Hawaiian Foster-Wheeler 6% prior Fownes Brothers & 8-31 - — Hartford 8-15 1 30c (accum.) Nickel * 8-16 10c Cotton Harshaw 5 9- 8-16 8-31 10c Mines. Harrisburg 5 8-26 $2.75 8-16 8-31 12c (quar.)__ Lime & Alabastine of Canada, Ltd. Common Fort Corp. preferred 9-20 7c Inc. 6% 5 8-26 $25c 9- 1 8-31 9c ' Corp $4.25 5 $25c 8-31 preferred Common (reduced! Hanna 8-11 25c 8-23 10- $30c Extra 8-24 Bridge Works (quar.) Wayne & Jackson RR. Co.— 5% % preferred (s-a) 9-21 $1 8c Harbison-Walker 9- Pitt 8-22 14c Extra 1 9-20 8-22 Cigar Machinery Corp. __—.— Publishing Co.— International Jantzen * •• — Brothers Class 8-26 25c : 1 9- 60c 9-16 Hancock 11-20 $1.12% (quar.) 9-15 1 <j4V4% 8-20 1 $25c B 9-30 Machinery Hammermill 8-15 1 $25c Extra ;/ 9-15 .. 9- 8-16 Hamilton Ltd.— Extra 9-15 9-30 8-16 Hamilton 8-15* 30c (quar.) 9-30 ^ Extra . ; 9-15 8-16 Hamilton 8-15* 9- 1 7-29 9-10 7 15c 8-31 Hamilton 2 1 1 $1 Canada, 8-22 8-31 Hallnor Co.— 4% % preferred (quar.) Forbes & Wallach Class B (quar.) Co. 12- 99- 50c (quar.) common Light 1 8-31 Class ._ 9- $30c HaBararton Oil Well Cementing Co. " (quar.), Florida Ford Motor 1-3-50 9- 8-22 9c Hale 8-19 12- 1 $25c (increased) Hajoca Corporation 8-22 $1.50 9- $25c 8-19 1 $1.50 8-11 30c : " (quar.) 6% 1st preferred (quar.) Flintkote Co. common (quar.) , 9-10 10-10 9- 1 7c Gypsum Co.— — 8-11 8 8-17 Educational International 3.75% Stock States r 6 10- 25c 1 9- $1.75 8-19 9- White "" Bond Gulf 8-15 1 25c Connell 1st preferred 9- 9- $1 Fitzsimmons Stores, Ltd.— 6% 9-15 25c 9-15 1 8- 9-1 20c Machines Business preferred Investors Equipment Oil 6 $1/25 7 Bond 5 9- 75c Company (quar.) .Quarterly , 9- 30c » (M. H.) 9-10 50c Inc. Corp., common (irreg.) $2 preferred (s-a)_ 1 Firth Carpet Co., common (reduced)—* 5% preferred (quar.) * Fishman 2 9-15 $2.50 7 9- $1 8-31 $1.12% York Stores, 9- 9-10 $1 . Firestone Tire & Rubber, 4%% Bank Stock Corp. (s-a) 9-20 $2.50 (quar.)__ 9- 1 $62 %c Gulf, Mobile & Ohio RR., $5 pfd. $5 preferred (quar.) $5 preferred (quar.) $5 preferred (quar.) 8-18 Baltimore, cl. A- 8-26 12c Guantanamo Sugar Co., 8-25 40c Cleaning & Dyeing of America 1 10- Priced 9-20 • 8 10- . 7c 10-15 1 1 First * 1 9- 1 — Class B . 11- 9- ; 8- 25c 9334c Utilities 9-15 1 10- Mogul 8-25 11-25 Steel 9-10 1 31%c (quar.) (quar.) J. 9-15 9- 1 9- 8-31 5 '12-15 9-10 9-10 1 $4 o-lO 8-22 8-31 9- 8- 1 9-30 9-15 8-13 9-29 10- 8-10 Canada, Ltd.___ Petroleum 8-15 1 9-12 $1 pfd. ; Railroad 9- 10- 75C 25c International , Railroard 20c $1.25 2%c International Harvester 7% Building Railroad 8-17 shares— 8-15 $25c ' 7-26 1 (s-a) Group 8-15 10c 1 1 9- (quar.)—_ Shares Bond 9-15 8-26 8 9- 30c $2 9-15 1 8- 13%% 50c International 7C Gulf Mining & Smelting Co Corp. (quar.) Federal •• 1 8-29 $1.50 International 9c 9 10-14 10- Co. 8-16 9- 9 17c 8-15 (quar.)— Paper 9-30 al3%% (increased) 9-15 * 8-15 9- & 1 9 8-16 Inc. Co., $1.25 Merchandising Co.— (quar.) Co. 8- 1 50c Group Stock 9- 8- 1 Shares, Ltd.— Bank 8-15 9- 9- 9-30 $3% International (quar.) Investing" Company 8-26 1 Institutional 9-12 1 ' 7 9- Co. 9- Y.) — Railway Co.— preferred 12-20 (s-a) 8-15 common. Co., 9-20 12-30 Co. 9-30 $2 2 9-30 $3 9-15 -•-v.: 9- 9-12 (s-a) Ltd.— Canada, 1 Institutional Bond - Enterprises, Inc.— Federal Fenton '10- 9- $0.185625 (quarterly) Chemical • Steel $3.50 9-15 1 $1.25 9- ;_t preference Industrial 8-15 11-15 , 9-12 100% (quar.) Y. Park, Federal Federal s1 N. 9-1 50c (quar.) common Inland 25c (N. Co., 8-19 $12 Vic Water Ingersoll-Rand 8-23 9 8-31 10- 50c $1 Fully Administered 2 50c (quar.) : Traders & Syracuse, r 11-1 8-23 9- 8-19 12 %C $1 Engineering Works Co., Ltd., commmon B General 8-17 12- l :'$25c — (quar.) dividend preferred 12- 1 $1.25 ' $1.25 : 4V2% * 9- 8-20 1 6 8-31 (quar.)_ common preferred of 6 8- Silica 1 10- Co. 8- 8-11 Corp.— preferred (accum.) 6% % 1 (London, Ont.) 8-15 Electrical Equipment 8-19 1-3-50 Industrial * 11-10 25c Co. Brewing Corp., Stock 1 1-10-15 & 9-12 5c Paper preferred Low Co. Extra Falstaff 9- 10-10 7%C Gas 9-12 5c 50c & 9- ' 8-15 75c _ pfd. 8-25 Automobile 1 7%<5 ' (quar.) 1 Aviation 8-19 9- 10c Ltd., 5% L; (The) ' Fairbanks v A Mills, 9- $$1 - West Felt Co., Ltd Group Securities, Inc.— Agricultural I ' (quar.) 8-25 9- 9-10 12%c (quar.)_— Indianapolis Water Co., class A (quar.) 5% preferred A (quar.)— Industrial Rayon Corp. (quar.) 8-25 1 .. Chemical 1 Indiana 1 ' $12 Vic Great 9-15 9-15 $1.25 .____ (quar.) » A 9- $1 (s-a) preferred Co. 1 9- 6% RR.. preference' 10c (quar.)__ !——— (s-a) Northern 9-15 1 Tea Insurance A Non-cum 9-15 10- 31c _______ _ 9- . Northern />'. i.__, (irreg.) 2* 8-12 9- $1 Imperal Tobacco of Great Britain & Ireland, Ltd., ordinary (interim) :T___ Ordinary registered (interim) 2* 9- 25c (quar.) Fire Great 1 10- ;1 Pacific Class 8-12* 50c (quar.) common ___, 9- 1 Ltd., class A (quar.)__ Indemnity Co. N. Y. Lakes 9-16 "50c (quar.)— j— common 1 37 %c (s-a)— Y.) (N. (quar.) & Eastern Lakes 8-17 9- Co. Great 25c 4% 1 8-26 9-12 25c (interim) Ordinary 1 9- 10- (reduced) Class 8-19 8-31 9- $25c preferred Great 8-15 9r $1.75 (quar.) convertible Erie 11-23 i Great 8-18 $1.50 Co., (irreg.) 11-30 10c 8-18 $1.06"A ' 40c" _ (quar.) Equity Corporation, Imperial Tobacco 8-15 9-20 8-12 $$1 $1 Company, common preferred (quar.) Plains, ' Electric Illinois Central 8-22 Co T.) Atlantic 7% 9-16 9- Co. Bank American Great 8-16 30c (quar.)— Empire 8-19 1 8-31 9-20 ■" 8-10 9-10 $1.25 Sash & Door Co., preferred (quar.) 5% preferred quar 9- __ 8-10 1 8-27 $$1.25 Huttig 9-15 1 37 %c (quar.)__<. Quarterly 9-15 9-15 10- $$1 . S.) Union Great Empire & Bay State Telegraph Co.— - 10- 10- (quar.) (W. Great 8-10 8-25 $25c (irreg.)— pfd. preferred 1 9- 5% $2 . & Company, 3% % 10-14 10- (quar.)— 8% 9-20 9-14 $2.50 (quar.) A Grand 1 11- 50c preferred 1 9-20 40c (quar.) (H. 1 $1.50 __ 9-15 10c Co., 6% Co. National Grafton 8-19 $1.75 (quar.) Mfg. A ■Class 8-23 9-10 $1.50 . C.) Manufacturing Grace 8-15 20c __ . (H. Brewing Gossard 8-15 50c $1.50 (quar.) 10- 56 %C (s-a) 9- 5c (quar.) Mortgage Corp. 8-31 __________ preferred Co. 1 9-16 b-20 37 %c Quarterly 25c (s-a) Gorham 9-15 40c pfd._^ (quar.) Co., Huron & Erie 9- 7 $2.50 (s-a) preferred junior Class 8-19 10-17 $1.25 25c Electric 8-25 50c 8-31 $1.02% Co. 2nd 9- 1 9-10 $1.06i4 $25c 1 common Emerson 7% 9-15 ._ , 8-20 10c __ 1 10- 55c 25c 10c (quar.) 10- 56 %c _J 8-16 (quar.) preferred 8-12 $12%c Oil & Refining Co Hunt Foods, Inc., 5% pref. (quar.) 5% preference series A (quar.) 1 — 1 Humble 9-28 ____ 1 * Ely & Walker Dry Goods * 9- (accum.)— Ltd. Extra 10-10 Car 25c (quar.) Golden Manitou Mines, Ltd. (Interim) Golden State Co., Ltd. 4% pfd. (quar.) Goodall-Sanford, Inc., common (quar.) 4% preferred (quar.) Goodyear Tire & Rubber, ^common (quar.) $5 convertible preferred (quar.) Gordon Mackay Stores, Ltd.— 9-21 1 9^15 Co Emerson 10- $1.50 A 10-10 1 Rutgers Fire Insurance Co.— preferred Grant Trust, preferred Co. 1 9-15 55c 2 9- (quar.) Motor 9- $3 2 9- 50c Hudson 9-10 50c (quar.)_ 2 9- —■- 8-11 50c (accum.)— 8- 9-27 Bay Mining & Smelting Co., Ltd 10c 8-13 1 $1.12% (quar.) & Goebel 1 9- 45c Inc. Co Corp. _: National Watch Electric V 10- (quar.)__ conv. Electrolux Elgin 10-15 50c 50c (quar.) preferred pfd. 8-26 8-26 9-27 $1.25 Hudson 25c 1 (quar.) Investment $6 9- 9 $1.12 % A 8-10* 25c Corp 8-15 1 9-15 (quar.) Co. 8-15 1 $1 Fund, Inc Sound Howe 1 9-10 35c . (quar.) common convertible Godman 1 10- 10-15 Ry.— Corp., $7 pfd. preferred B (accum.) 4% % 10- __ States 4.10% 11-15 _ Eddy Paper Co., Ltd., class A (quar.) El Paso Natural Gas, common (quar.) *•' 1 10-15 (quar.) Manufacturing Co., commonconv. pfd. (quar.) Co., 5% preferred (s-q) (quar.) Company, 1st $5 25c pfd. Chemicals, Co. Massachusetts Economic 12- (quar.)___ 5% A.) 5% 8-15 (quar.)_ preferred A (quar.) preferred B (accum.) $6 1 (quar.) 6% • 9- 9334c Co. Co., Globe 1 3 8- (quar.) com. preferred A Eaton 9- 8-15 . $1 6% 6% 1 8-31 40c Natural Plastics - 1 9- 81 Vic preference Mfg. convertible Durez Eastern 10- 15c 4% Products Steel Eastern 4%% $15c (quar.) Electric Duquesne Light $5 Glidden (quar.) preferred Duquesne 1 1 $1.25 Drewrys, Ltd. U. S. A., Inc. i(resumed) Dun & Bradstreet, common (quar.) 4% % preferred (quar.) Dunn 1010- $25c (quar.) Industries, Inc., Duncan 1 1 (quar.) Corporation, 3%% 11- common A Co. 1-1-50 9- Plan Howe 11- Harvester $15c Drug Dresser (S. Gleaner $25c Quarterly Dravo Gerrard 8-15 11- ___ (quar.) Co., 9-16 11- Corp., common Corp. (quar.) 8-15 $25c (quar.) preferred 8-18 j. — Co. Rubber 1 $25c (quar.) Brothers, Ltd. (quar.). Co., Inc. (quar.) 2nd 11-10 1 1 30c (quar.) (N. Y.) preferred preferred 9- 910- $1.06 >4 (quar.):— common (quar.) Hardart Co. & (quar.) Horner (Frank W.), Ltd., class A (quar.) — Houdaille-Hershey Corp., $2.25 pfd. (quar.)_ Houston Lighting & Power Co Howard Stores Corp., com. (quar.) — 4%% preferred (quar.) 9-12 50c $37 Vic - c Industries 7 11-25 $1.25 Waterworks 9-15 9- $$1.62% _ certificates Dow Chemical Dow General Gerity-Michigan Aircraft $3.25 General Tire & 9-15 9- 10- conv. 5% 11-10 843/sC (quar.) Corp., common (quar.) preferred 7-29 1 7 11-25 $1.75 Co., Ltd.— (quar.) preferred 4.40% 8-15 9- 10-14 $1.75 Castings, 1 10- $$1 10-14 1 preferred Horn — $1 (irreg.) com. Equipment Telephone 8-25 $$1.25 $30c (quar.y Chemical & trust Donohue Dover General 8-20 (quar.) Ltd.—. Investments, (accum.) Dominion Dominion $1 9-10 1 Oil Electrochemical, $4.50 9-7 $1 (s-a) Co., General Plywood Corp. 5% 1 Ltd. (quar.). Electric, 4% pfd. & 10% ord Advertising 25c , Eridge, Outdoor 9- 9- reg 6 25c (quar.) preferred (quar.) General Honolulu Hooker 10- preferred 10- (monthly)__ 8-15 When Holdfre Payable of R«e. 30c (quar.) Co. 47 50'c 20c (quar.) Company, Ltd. Corp. (D. H.) 8-15 a7%% Corp. common 15c & Dominion Douglas Motors General 9-10 9-26 25c for preferred 62Vic (quar.) Dominion 5% General 1 8-23 9-15 $25c — preferred C Fireproofing $3.75 (quar.) alO% u.— preferred (quar.) preferred (quar.), $5 Anglo Investment Corp., Ltd.— preferred (quar.) 5% 9- two Company llominguez Oil Fields Dominion (final) each 10-17 (annual) - Share Co. Manufacturing Holmes 1 9- E.) $4.25 (s-a) A Mills, 3%% ___ Distillers Dr. 9 1 Company (Charles 9-15 25c $1.75 receipt General deposit receipts ordinary dividend conv. 1 9- $1 Ltd.— Co., shares 4% 9- 25c Hobart 9- 9-15 Corp. preferred 37 Vic (quar.) Corp., common preferred (quar.) Disston (Henry) & Sons, Inc. Stock 5% Hires 9-30 7%% Finance 8-15 4% American General Per Name of 9-19 9-15 (quar.) Bonus 9 2-6-50 9-10 50c a- Dictaphone Distillers 8- 1 2-1-50 75c (quar.) Diamond 9- 75c 1 10c common —_ deposit 10- Ltd.— registered American Chemical Co. participating preferref (s-a) _s participating preferred (s-a)_ 6% Cigar Co., common preferred (quar.) Holder« 31 V*c Supply Corp., (quar.) (731) Payable of Reo. $2 (quar.)__ preferred conv. 7% Dewey & Almy 6% preferred $8 Co., General Electric Co., 11-10- 9-15 When Share General 9- 60c CHRONICLE Per 9-30 25c (quar.)__ Co. Derby Oil Co. (Kansas) (reduced) Detroit-Michigan Stove, 5% pfd. (quar.) Detroit Mortgage & Realty (quar.) FINANCIAL Name of Company Payable of Rec. $1 92%c $1.07 $1.50 & Light, & Holder* When rer Share Name of Company Delaware Power COMMERCIAL THE Number 4831 Volume 170 7 1 n. 48 (732) THE Per Name of Company Life Savers Share Lima-Hamilton Corp. National $1 (quar.) Co. Lincoln Co. Inc. Miami RR. guaranteed 8-15 National Dairy National 8% 12-10 2-21 8-23 12-10 11-24 9- 1 8- 9- 1 8- $2 8-31 Star 5% (quar.) (quar.)—— Louisiana Land Louisville & & 4V4% (M.) & preferred Mfg. Products MacKinnon 10- 1 1% 9-20 1-1-50 12-20 4-1-50 3-20 9- 8-15 & 1 (P. Manhattan R.) & Co. 2 1 9-15 8-16 New 9-15 New York Hill d35c (quar.) 8-20 $12 (4c 2nd conv. preferred Bank preferred 1 1 9 8-19 8-15 Bond 10- 1 9- $2 9- 1 Diversified 9- 9 10- 1 9- 9> 8-25 8- 5U 8-25 8- 5 ;; -; ioc Investment Diversified Electrical Food 2 Government 8-25 8- 8-25 8- 5) 8-25 8- 5 ioc 8-25 8- 8-25 88- 5 8-25 8- 5 15c v 4c Fund—— , 14c 8-25 8- ?- i 9- l 8- 5 Insurance 9- 1 8- 5 8-25 88- 1 8- 5 Series 50c 9- 9-15 11-15 ,_i. Oil 9£ 37 (4c $i 9-12 Steel 9-12 9- 35c; <quar.)__ $45 8-31 35c for 8-12 9- Corp. Norfolk 10- 1 8-15 9- 1 8-19 75c 9- 1 8-19 25c 9-15 5c pfd. conv: preferred (quar.) A (quar.) 2 10- 2 9-20 8-25 of 9-15 25c ~ ■ - ~ 9-16 North North Illinois Indiana River 1 8-15 1 8-15 Northern 10- 1 9-15 4y2% 10- 1 9-15 12-15 11-15 9- t25c 9- 6 Northwestern 34 %c 9- 9- 8-18 preferred Northwestern States Portland 8-25 9- 8-10 12- 11-10 $1 9- 8-10 6% 10- 8-31 4% Norwich Nova - >. Z r (quar.)— 8-31 Oak 8-15 Oceanic 9-15 9- Ogilvie Flour 37 tec 1 $2.50 I 9-15 8-31 35c . 9-10 8-27 59%c ____ IHZ_ 9-30 9-16 20c- 8-31 9-10 8-17 Ohio 9- 1 1 8-16 Extra 8-12 •9- Co. Co., (quar.) 50C 9- 1 8-19 9-15 $1.50 12-28 12-15 12c 9-12 8-23 12C 12-12 11-23 25C Nachman Corp. 9-28 9-27 9-15 common (quar.)— Seamless ■ 4(4% preferred 5c Co.__ 50c National Automotive Fibres,"Inc. 8-23 8- 9 Co Tube 62 (4c 40c " - 9 A: 1 10- .1 9- • lOc . r (quar.) , 8-20 - 9-10 25c - 35c "■ 8- 9 i 9-10 8- " Co 9- 1 Inc., 8- * 9- 2 8-25 88- . 9-30 y . Otter Tail Power Co., $3.60 preferred Marine 9- 1 8-15 Oxford 9- 1 8-10 Pacific Finance (xiuar.).— (nuar.)__ & com. Manufacturing y- 10- 1 Paper, $5 preferred -(quar)--. Corp., common —Z_Z Z: 9^10 9- 8-25 $1.25 (quar.)_____: 40c."- 9- "v 1 9- 'l Co., & 1 9- l.Z 8-15 J 99- 1 9- 1 9- 8-15 1 1 8-11* . ? 8-11* 8- ... 5 * 50c •s 8-15' 8- 9 10- P 10-15 al7(4% ~ Z 1 6 : 7-15 9-12 15C 8-29 10- $1.25 1 9-20 9-1 8-19* 25c 10- 1 9-10 $1.37(4 9- 1 8-19 $1.25 9- 1 8-19 $1.75 ■H' 10c (quar.)ZI 9- 1 8-20 ' • 8-15' 8-29 50c : 9-26 9- 5c 8-31 8-19 1 8-15 25c 9- 9- 37 '/2c 9- , 2 1 8-15 1 8-15 35c 9-1 8-15 9-1 8-15 ~ - : : 9- 1 8-22 15c 9- 1 ,8-19; " I 25c 9- 25q (N 12- 50c 10- 3 1 8-10 1- 11-10- Y )— Z 9- 1 8-15 $1.10 9- 1 40c 9- 1 8-15 87 (4 c 9- 1 40c (quar.)-__Z~ - , ~ ~ _I~~"" """ : ~~~ :: (quar.)_____~4l 'r~'' ' Ltd., common •y.y -'-: ' Z-. Inc., 6% pfd. (quarjZZ" ' 8- 5; 9-1 8- 5 10-1 9- 9:* 9-1; r 1Z 9- " p 8-17' 8-12 7-15 37 (4.6 9- ■ 15c $1.25 ♦1.1834 1 9-15 10- 1 25c 8-29J 10: 3/ ,9-6* 9-1 f-15 t40c , 12- 1 87 (4c 10- 1 10* 1 9- 10- 1 -•9- 25c s, $1.12(4 ' ■ - : > it Z 1 10- 8-10 i ll-lZZ-10-15 ilr l.,;> ;;r i5c - 8 : 9 9 ?;- 9-15 ; 8-25 15c . 9- 1 30c A _ 10- t5c _ 11-16 - •..• . $2 7c •"--r. 8-15; 8-18 Z8-25* r ~ . 4 6 9-15 10- ; 2- 'V 9-9 1 9- 50c _I ~(quar~) 9- 8-18 1 ' -~" (quar.)— 1- 9-10 10- Z:Z $40c __ 10- . 50c ZZ (quar.) (quar.)~~ 8-25 35c . Dreferred 8-1 8-31 i 9334c T' yZv"""""""-"^ 8-31 ; 9-15 ■' * (quar ) - v 9-1 5 t25c ~ preferred " 8- 40c - B ' 8-17;- 25c $1.50 (quar.;(guar.) * Mills, Ltd. -- preferred 1 8-22 125C , (quar~) - 1- 9- „ 9-10 60c _ - 9- 9-30 $1.25 Corp. com 9-30 4 ,35c A/50c $1.50 ZZ 25c - (quar.)_ ' 8-15 ' common (quar-.)-_ZZZZZZZZZZZZZZIZZ Coventry Ltd;, ' 8-15 (quar.)_ I Gas, Inc. 9-20; $1.06(4 ZZZZZIZZI com. (quar.) A 9- 53 (4 c - common common 6%; preferred 25c 25c 10-15 9-1 90c 10--1 Rheem -"4(4% Manufacturing,Co., . 9- 9V 9 ., Z 9-15 8-15 7% •7% Z 7 (auar.) 1st Rio preferred 2nd.'preferred Oil Grande ' $1.12 (4 "* (quar.) com. - - 40c - " (guar.)-< - ~ * £ 1;;• Z-"- "^J_~ * -jaZ,. (quar.)Z—-l__~ZZ'r*":"t"*T; Corp. ,(quar.)__ Valley; Qas Co ^.. Rochester Gas ,, * 8-2,; 8-15 ' • ; Ages .Quarterly Rockwell - 9: 8-10; ' 9-10 ' 9-10 T -9-15 r; - 9- .1 8-24 A 10- 1 10- $l.l83/4 •-:2Sr .-fI-- 1 $1.75 Viz: 5c Coifp.Z. (quar.) ______ 10- ? $1.75 . ___Z_ 9• 50c (quar.T_;Zilit_^liizil Mahbfacturing -:co:Z-- 10-1 ' 8-10*' ' &-Co./ Ltd_ class A-(quar.) > Z t25c & Electric, 4*% pfd.''F "(quar.)-$1; .434-%. preferred G Rock,; of , -' $1.12(4 ' 1, Robinson LitNe - 8-15 8-iO. preferred Rice-Stix, Inc.— 9-20 .: l'Z. 90c 35c 1 9- $75c X Corp.ZZZZZZZZ__ZZ~~ Sugar non-cum. , 9- ; 2 10- Electric Knitting Richfield 37(4c Z Co.__ 9-30 1 1, 9- Z|"Z _ 5 '» 99- • 75c ' 5 8-25 (quar.) —_ZZr_*_'~ 'Z '- ioc 6% preferred (quar.) 1_!____________T _ 50 Ontario Beauty Supply Co., Ltd.— f « „Z • '. Z ; Participaiing convertible preferred (quar.). ' $25c Oswego Falls Corp., 4%% pfd. (quar_) —_ $1.12(4 9-30 9-30 ' Reynolds iR. J.) Tobacco, 3.60% pfd: (quar (4.50% preferred (quar.)________ ? 5: 9-15 common 8-19 tSl convertible preferred (accum.' "T Revere Copper & Brass, Inc., common ' 9 50c " 9-12 ■ 50c- Z': 1 8-lfi 20c ; - (quar.> ' (puar.) (quar.) Republic Pictures Corp.— li 1 1 9- 25c Colorado of preference Inc. (quar.)- non-cum. T6% * 99- 9- 1 25c z preferred'A Class 9-15 9-15 8-17 •*■• 3 . Co. •Z '; Extra Republic Insurance Co. of Texas Republic Investors Fund, Inc. 1 7-21 : 9-1 $112% (quarj)Z - 11.60 Renold 9-15 <- 50c 9 9- Z Mfg. Co.; 3(4% pfd. (quar.) iiiZ—Z Remington Rand, Inc., common.^.$4.50 preferred <quar.)__i__i_~ ~IZ~" •' " : 8-25 r 1 910- •Z10- 3 $2.50 Reliance 8-19: 9- 9-15 30c A_y_yZZ';'-Z:'"7 $1.60 f 8-6 9- 9-30 25c _IZZ__ZZZZZZZ- Bros.. Regent 8-6 50c Corporation Outboard * (increased)'* 1 8-23 25c Z_____^__~IZIIII~__III'; Silk <434% 6 9-1 9-15- 6 "37(4c Co., 334%*pfd. C0.1 Reeves 9-2i: 8- 8-20 9-26 America Hosiery Mills, Inc., 5% preferred A (quar.)_Red Owl Stores, Inc. Z 8-16 9-1 10- . National Alfalfa Dehydrating & Milling 5% preferred (quar.)_________ 8-15 9-15 55c ' Z—Z^ZZ, Extra Omar, 8-15 9-104 9-10 $1.25 (quar.)~__ZZZZIZZZZ r • Z+ r .. Power Oliver * 75 - —____ 1 1 Real ^ $25c . (quar.) (quar.)_^_ _■» . 8-15 - — Ohio * $1.50 Z Z, . (quar.). 1 9- '•* 20c lA Lid.j common (quar.)„ Ohio Mutual Chemical Co. of America— 9% preferred (quar.) 9% preferred (quar.) Mutual Telephone Co. (Hawaii)— ^9.9% preferred AHauar.) 9.9% preferred A (quar.)__ y- ls6d l--r (auar.)_ Mills, Confection Preferred Ohio Dii * 25c 3V/2C — _ '.Zk'j-'ZZ Co. Co 7% preferred Ohio Associated Telephone $2.20 pfd. 8-17 40c ; Oil 8-10 10-1 : ; f$l 8-15 Manufacturing 9-21 . 20c , 9- - 1 7 8 12 8-19 . 25c Rath: Packing Rayonier, Inc., $2 preferred (quarZI"""" Ray-O-Vac Company (quar.) Z__ZZ4-IZ Reading Co.; 4% 1st preferred 1 8-25 9- 1 9- 87 (4 c (quar.) Purina . 500 ,• : Co. 10- 50c 50C (quar.)_ Corp. of Bakeries Ralston 3 9- Z $1.12(4 9- 10- 8- 9- $1.31(4 ■ 20c 8-31 9- 8-19 """"" y Quaker State Oil Refining_Quebec Power Co.* (quar.)_-_ZZZZ~~~ 9-15 9-12 9- 20c _ $1.25 B (quar.)______ Hardware Co., common____Z preferred (quar.) ; 8-31 9-20 9-30 25c (quar.)___;;f$1.50 preferred 9-26 ' Cement— A Flour Mills, Purolator Products, 8-26 *- 9- $1 -: 8-19" * ' 25% (resumed) preferred Purity Purity 8-18 93%c (increased) Light & Power Co., Ltd.— preferred a 8-23 9-10 2 8-22 „ 9-10 Z $1.50 ~~ """" " Co." Extra 8-31 10-15 " 9-15 25c _ .- (quar.)_i_____ div. Oil '5%- 8-25 4%.% preferred (quar.)_Z—J$112 O'Okiep Copper Co., Ltd.AOrdinary (interim) 1010- t$1.75 preferred Moore-Handley (initial) Pharmacal Scotia 3 8-31 9-10 22»4c _ t25c Murphy (G. C.) Co. (quar.)— Muskegon Motor Specialties— ♦2 class A conv. preference (quar.) . 30c 4. Quarterly 9, 50c $1.62(4 10- 9-20 60c Service, common— (quar.).^.— (quar.)__ preferred 5!A% 1 t$1.75 Mills preference Co., com._ (quar.) Public 4ya% 9-15 50c (quar.) (quar.)___ (quar.)-_ 6 $75c _ Service Liberties Gas (s-a) Northland Greyhound Lines— / 33/4% preferred (quar.) Northwest Bancorporation .(quar.) 8-25 9- 9-27 $1.25 preferred Moore-McCormack Lines (quar )Morgan (J. P) & Co., Inc._ " Morris Paper Mills, common (quar.) 9 9-27 1 9-20 25c Coal convertible Pure 30c Insurance Co. ,(quar.)___ Public Wine Inc. Punta" Alegre 11- 9- 8-31 40c - (quar.) (quar.) Cor Service $1.40 Corp.— Northern $50c $25c Z_IH zZIZ ♦4 conv; pfd. series B (quar.)__ Moore Corp., Ltd., common-, (quar.) Acme 1 9- (quar.) (s-a)__. com. 9- 8-25 Northern 50C :_ __ new North 1 8-2 - $1.37(4 1 _ preferred Pullman, held) (accum.), 9- 20c Z' 4.40% _• - 8-22- 8-15 ; 1 """""" Electrotypers, Ltd.IIZI America Service Public Z 9- 91 Vic • shares of North Amer- $1.12(4 3 ' 1 9-15 30c (qnar > 9- 1 : preferred (quar.) Public Service Co. of Indiana, 3(4% preferred (quar.) 9-1 9-15 9- 8 9-21 45c of Metals 4(4% 9 an»re ione " 10- -"r': Quarterly Public 9-21 9- 10-14 . (quar.) _Z~ Public National Bank & Trust Co. 8-29 1 1 9- $1 (quar.»_-_- Common 9-10 1010- 8-15 1 10c ^ Common 2 50c Co. Pressed 8-15 25c Investment 9- $25c - Insurance Co. Springfield (Mass.) (s-a) Monarch Machine Tool Co: ~~~~ Monroe Loan Society, 5 (4% pfd. (quar.)~ZZI Monsanto Chemical Co., com. Inc., "k 1 20c (reduced) Company,'class B_______~ZIZZIZZII Prentice-Hall, 8-10 9- 8-31 9- $2 Inc. Pratt Pood 8-31 9 9-15 10- $1.75 Extra 8-22 9-30 50c , Potash 8-31 1 1 9-15" 9-15" III' L_Z_Z common 8- 1 ~ ■ZZ' A preferred Portsmouth Steel x5 9- (accum.)__ $1.50 American Refractories Co. (quar15c Pennsylvania RR. (quar.)__ ' " $1 t$l _ 8 9-15 preferred 9- Life Munson Line, 6% 10 preferred $1.25 ~_"" __i_ (quar.) American 25c ; Corp. (quar.) liquidating dividend (One share tvW Kentucky Coal Co. common Z 9-15 r 1 75c Co.__ common 5V2% 8-15 9-16 9- & $1 50 8-26 9-10 tlOc (quar.) Poor 8-10 9-10 $1 „ 40c (quar ) Mills, Inc.— Brewery, Ltd. (quar.) Paper 1 1 t$l (quar.)____ Ltd common 9- 9- 25c y.hJ West North 8-26 9- Z ,-50c \ (quar.) . common Corp.,. preferred A ser Plywood, 9-15 9-15 ...i 50? (quar.)_. Ry., Corp., Car pfd. 1 preferred Plymouth Oil Co. . J25c •> 75c 4% Ltd. Western stock for each 8-26 9-15 55c _ Corp._, Ltd.—, preferred Co. 10- held) 8-20 $1 . Carpet Wheel 1 9- 1V*C A 9-20 ican Extra preferred v. • liquidating distribution Partial 9-10 ,80c 5 5 common, $8.50 par value, of Kansas Power & Light for each four shares of North American common 10- _ 8- 8- 1 1 $1.50 Z. com., 910- ;;y (quar.)j preferred 7% preferred Pleasant Valley 8-5 50c Corp American 37(4c 50c 8r25 8-25 8-25 - . (accum.) Zy Pittsburgh, Youngstown & Ashtabula" Ry.~CoZ new 1 70c Co., common (quar.) Co., Ltd redeemable 9- Co.— _ 4% Company (quar.)_: Light & Power Co., Ltd.— 5% 5 10c J.) American Partial 8- 4(4% i 5 8-25 8-1 10- 30c preferred~7quar.~) & 1 56c y Co. 9- 3 - r Pittsburgh Coke '& Chemical Co.— ;:v'-$5'. preferred. (quar.) Pittsburgh Plate Glass Co Pittsburgh Steel, 5%% prior pfd. 8--5 8- 14c : a Mining conv. 250 - 1% $2 North .. (quar.) A North 9-12 9-15 75c ; pref. & 8-25 8-25 7c a ■ Mining Normetal — Extra conv. (J. Chemical Noranda Mines, ' 15c !4c a Series I0c;„! Nopco . plus (quar.)_ 5 " Service (Robert). 8-18 5 8- Newport News Shipbuilding & Dry Dock Lower Arch Bridge (quar.) Nineteen Hundred Corp. 8-15 8-22 9-12 8- 8-25 Niagara redemp¬ share per 1 30c 15c 8-25 25c Quarterly 8-19 (accum.)_____ 5> Series Newmont - 11-17 common— 8- Series Newfoundland 1 11-30 (ouar.) preferred Mitchell (J. S.) 9- 9-20 $1.12(4 (quar.) 5% 9-10 $1.12% $4 preferred (quar.)p______ Minnesota Power & Light Co. (quar:) Missouri Kansas Pipe Line, common Public 8-16 9-30 8-25 Equipment Series— Tobacco $1.75 15c Fund Series Railroad 9-12 1 1 ________ Mining & Mfg. Common (increased) Utilities Railroad 5 10- 1 5 i Investment Utility 10- common Minnesota Missouri Public ' $1.62(4 _ (quar.) Missouri 5 9- 1 5 8- — Coast 87 %c . convertible 9- 9 10- 5 8- 8-25 9c Series Pacific 4 9- 9 8- 8-25 Series Newberry Inc. preferred Metals ■; V'Z $i (quar.) Co.—. Corp., Z Oil 20c 8-25 5c ». 3 • 5 12c Series 2- 50c - ; Inc., (quar.) preferred 5 2-15-50 50c (quar.) Pinchin, Johnson & Associates Ltd.— Ordinary (final) 1__ Pitney-Bowes, Inc., common (quar.)JI~ " — 8-25 11- Stock $4 Mills, ! 11- $1.10 (s-a)__ Products Co._yZZZZZZZZ~ Engravers 2- 11-15 $1.25 preferred preferred Pillsbury 5 8-25 5c Machinery Series Merchandising Series Bond non-cum. Photo ' 5 8c Z ; pfd (quar.)_ - 5 2-15-50 92 (4c (quar.T_Z__ (quar.) 9-15 12-15' 11- 33c (quar.)__. Phillips Petroleum 10c Series Series 25c 25C 5% $3.65 5 8-25 ■ < 5 7c preferred 1 25c Philadelphia Dairy Philadelphia Electric Co., common (quar.) $1 preference (quar.) ~~ Philadelphia Suburban Transoortation Co.ZI Quarterly 1 Extra _Z__ ---_--ZZI~ZZIIZZZZZZZI~.il Philadelphia Suburban Water, common 5 8c Fund Preferred Stock 9-15* • 8c :,r Industry Shares 8-31 $5 - — Diversified 8-17* 2/ 1 preferred 10- " Company, Phelps Dodge Corp Philadelphia Co., $6 8-!5 10- & 1 9-1 11-15 (quar.).IZIZZZZI^ ---2--_^_____Z__Z-Z----- Dividend (Charles) 3(4% $•,,y3%c Series— 1 9-30 Stock Pfizer 1" 8- 1-1-50 • Co.— Company Brewing Co. 8- 1 25c : Gear V 9- 9-14 33c Corp. (quar.)I~ Company (quar.)__ Z_. Peter Paul, Inc. (quar.)__i.__^__~_ZZ~""* Pfeiffer 9- 62 (4c __ Permutit 9- 7 9- 6c 1. 8-31 60c Abrasive $1 National 10- 20c (quar.) common & 8-31 25c (resumed) ZZZZ_ZZZZZZ Corp. (quar.) 4(4% preferred (quar.) Machine 9-16 9-15 ZZ__ (guar.) Inc. 8-19' 8-31. 62 (4c 7% preferred (quar.) Permanente Metals 5 Z 9- 1 pfd > 8- (quar.)__ (called at Common Mosinee $1 8- 1 9- 50c - 9-13 Minneapolis-Honeywell Regulator Co,,com._ Motor 8-22 » Series 35c A___ (quar.)_______ Oct. & Hart, 4% % 8-31 70c Building Supply Series—. Chemical Series . ^Middlesex Water (quaij.) 5% 8-12 lOc 8-15 ; 8-31 8-25 Corp., Perkins Pfaudler Z ^ 8-15 $50%C 9-15 10c — $1.06 J/4 (reduced) class Mid-Continental Petroleum 1% Series 8-15 50c 8-10 $1.12Y2 1 0- 8-17 1 Co.— v: Circle Perfex 8-26 20c (quar.) Gas— 1 12- Perfect 9- $1.50 non-cum. & 1 __ Scott Corp., (quar.) on ♦3.25 8-16 75c 9- dividend) Monarch 9-19 1 > 9- 20c this Mohawk 9-19 1 9- Y.)— pfd. Telephone, 1 9-26 _ ZZZZ 4% % preferred Pepsi-Cola Company 1 10- 15c (N. Stores, 9- 8-20 3-19 $35c '• II" Z~_ ZZ Peoples Gas, Light & Coke Co.-. 9-13 10- ' B 1 - 9-15 31 %c Z Telephone, $2.25 Drug Peoples Inc.— Agricultural 1 9-23 50c Automobile Series Aviation Series 9- 9-15 50c ; 9- (quar.)___ (quar.)_. Refrigeration, tion Molson's Stocks, 8-15 Stock 9-29 t$l.25 (quar.)____ 8-15 9-15 Peoples 40c (quar.)— preferred York 62'/2c Michigan Public Service Co. Michigan Sugar Co. 6% pfd. Mickelberry's Pood Products Mitchell (quar.)_ (quar.)___ (quar.) $5 Pennsylvania 8-19* — Thermit B 9-15 9- T preferred preferred 1 $20c Pennsylvania Water & Power Co., commonZ~ $5 preferred (quar.) Pennsylvania Salt Mfg. Co., common 1 1 30c preferred Class 1 9-10 25c ■; 93 %C .1' 10- (accum.) 1 43 %c Co., Inc. Mines, Ltd. (quar.) 9-15 _ Co Co. 9- 43%c common 1 ; Light 4% Electric preferred 3.15% New A Dock State Corporate Michaels Stern & Co., preferred Preferred (quar.) ; & Co, Brake 9- 75c 93%C (quar.) preferred 3.20% York York $4.50 8-25 25c Publishing Merritt-Chapman & prior >v 9-15 s 10- $l,12'/2 85C Company, common ♦3.50 preferred (quar.) Miller Z 9-10 (quar.) & Midland 8-20 25c B Mid-West New 9-15 — Zinc Air preferred New 8-13 Z $62 (4c ________—■____ 9-15 2 8-15* 9- ♦ 1.06% Pennsylvania Electric, 3..79% pfd. C (quar.) 8-19 1 50c York, Chicago & St. Louis RR. 6% 9-20 8-10 8-27 $25c Quarterly $2.40 1' 8-24 50c preferred Merchants 10- New 8-10 25c _________ common (quar.)___ redeemable pref. (s-a) Co. 8-31 d$1.25 (extra) Ltd. preferred conv. (s-a) Jersey 1 (quar.) (quar.)— Corp.——— Jersey Power 1 Corporation, &, Increased New 9- (quar.)' Mercantile Stores Co., Inc., common (quar.) Merchants Fire Assurance- Corp. ; (N; Y.) 7% 9-15 ;7 8-19 10- preferred 2nd Metal 9-30 9-10 $$3 preferred (quar.) preferred (quar.). 6(4% New 25c Corp. 1 9- ' " preferred cum. 4.40% 9- $1.25 common Inc. (quar.)___ Amsterdam Casualty Co. (accum.) Mclntyre Porcupine Mead Corporation, common $4 8-13 6 10-14 10- Fund, 9- $1.32 Castings Co.— (quar.) (Pa.) common (Herman) Nesbett 25c Maytag Company (quar.) McClatchy Newspapers Merck Nelson 8- quar.)___ $3.40 preferred Class 8-15 8-15 8-31 25c _ - $2 8-25 8-25 6 1 15c Naumkeag Steam Cotton (quar.)_ Nellsoi? <Wm.), Ltd., 5% pfd, (quar.) Neisner Brothers, Inc. (quar.)—_j 8-31. 11- cum. 1 9-16 8-29 20c' (ouarJ ZZZZ" 4_. (quar.) $1 cum. preferred (quar.) $1.32 cum. preferred (quar.) 9 9- Co. Company, 20c Maxwell, • Ltd. May Department Stores, Co., com. (quar.) $3.75 preferred (quar.) $3.75 preferred (series 1947) (quar.) 4V4% Tea $1 8-26 50c 62% c ' (quar.)__J Corp._ Telephone (quar.) (quar.) Common Co.. ___' Steel Coal Peninsular 2 9-30 (quar.) Co. preferred (quar.) 4'/2% National 9- $1.12y2 com. Machinery Co. $50c 25c (quar.) & Standard (reduced conv. $2.50 Rubber preferred Electric McGraw ■' Insurance (quar.)— National Supply 9- 1 40c 9-15 9- 2 2 12'/ic Malleable National 9-15 — Accident preferred (quar.) 9-15 10-15 9- 12- 9-15 Increased Co. Corp. McCord 5% National 6% Massey Harris, 7% 1 9-15 _: ___—___ 7% 1 1 10- $1.50 (quar.) 20c * Co 10- 1-1-50 (quar.)_ Co., common prelerred 9- 1 9-23 12 (4 c Peerless Cement 8-18 25c (quar.) &■ 1 $1.75 (quar.) preferred Shirt Martin-Parry $1.25 1* Co., Ltd.— Company, common (quar.) preferred (quar.)______ Masonite 9- 5% 10- Co.—- preferred Common (quar.) com. A Life Sugar, Manitoba Master 1* 9- 8- 10- Co., preferred B (Term.) 9- 15c Marathon 5% Lead 4V2% 9-12 65c . Macwhyte Company (quar./ Magor Car Corporation (quar.) Mallory $1.12 J30c National Linen Service Corp., 9-15 $$1.25 Steel Paper 5 8-12- 9-15 $1 II"— Peabcay 5 12- —— preferred National 9-15 125c — (quar.) ........ Power 12- 12-15 8-19 National preferred (quar.) Mackintosh-Hemphill (quar.) Extra 12-15 $1.50 1 50c (quar.)___Z__ZZZZZZZ____ • 9-1 8-20 8-25 ' . (reduced) preferred 8-15 9-15 9- 75c __ ,.y_" Z 1 Reel 1 25c z__~_ Co & $1 (quar.)_ -(quar.) 9- 40c Transportation Co. (quar.)ZZZIZ Mfg. Co., Ltd., common Paton 10-19 $2.50 com. A Inc. (quar.) Rig Parmelee 1% 10-29 12-23 $1.06 5% MacLaren 8-12 9-12 88c (quar.)— com. Structural 8-12 9- 1-2-50 25c (quar.)__ (quar.)— (quar.) Sales Co. & Metal 9- $15c ti5c $1.50 (quar.) A Lowney (W. M.) Co., Ltd. Ludlow Lyon $12 (4c ■ Co. Common Line, (quar.) Pictures, Parkersburg Co.— Erie National preferred $4.25 f 15C, Inc. Sons, 8-31 (quar.) 62 (4C RR. series 8-31 9-10 4% 8-19 9-10 2c B Pipe Rust-Proof 9-10 (quar.) 15c Lowenstein Parker 50c Class A 62(4C (quar.)____— Exploration Co. Nashville Pen Class 62 (4C (quar.), Taylor, 6% 1st pfd. & Parker non-cum. 6% preferred preferred 5% 8-10 30c Co. preferred 5% 1 Class Dock & (quar.)— preferred (quar.) Welding Machine common A Eastern 9- $2 (quar.) (quar.) Gas 8-20 Panhandle Paramount 9-20 10- Corp. 8-10 9-21 9-30 $2 Economic 8-10 1 —— _.— Co. Palestine 8-15 ZZZZZZZZ (quarZZ_ZZZZZ__ZZZ (initial quar.l__ZI (quar.) Machinery 1 30c National ~ (monthly) (monthly) Lorain Coal 3% 9-10 Mills Holders Payable of Rec.- SI Package 9-10 $1.25 Corp., 5% 1st pfd. (s-a) 2nd preferred (s-a) Gypsum Co. $4.50 pfd. (quar.)— National Hosiery Mills, Ltd. 3 9 When • Share Co.-.' $1.42(4 Electric National 3 J25C 9 8- Lumber 9- Quarterly 2-21 $25c preferred Lord 3-10-50 Ltd., Convertible National 9- 8-31 20c Products (increased quar.)_ Corp., common (quar.)_ (quar.) & Chemical Co. of Canada, Drug Company Pacific $1.06 preferred National 11-24 9-10 $2 8% 8-23 3-10-50 preferred (quar.) Lone 9-10 Z 60C (quar.) (quar.) Discount 50c (quar.) Co., Ltd. class A (quar.) Lock Joint Pipe Co.— Common 4%% Per Name of 9-30 10-14 10c common— com. (quar.) (initial)—. 8-15 — B Corp., preferred preferred 1 50c (quar.) Common 4(4% 1 $1.10 Special Special 40c $1.75 National Cylinder Gas Co., 9- (quar.)— guaranteed 8 Container 9- $1.10 . guaranteed Class 4 8-23 5% . Special National . $1.10 Loblaw Groceteries 8- 8- Holders 10-15 Pacific (quar.) preferred (quar.) 25c — 1 capital I When Monday, August 22, 1949 Payable of Rec. 50c s Biscuit Co. 87 V2C (quar.) Co. Original capital Original capital Original 1 9- CHRONICLE Share Co Register Common 10-24 9- 15c (quar.) 1 Company Cash National 9-15 8-31 $1 _____—_ Liquid Carbonic Corp., common 3 V2 % preferred (quar.)— Little 1 11- 30c (quar.) (quar.) Corporation 8-10 7% 30c Stores, Belt Lionel Name of National Insurance Quarterly Link 10- FINANCIAL Per 1 8- 1 9-1 15c (quar.) Life 9* & Holders Payable of Ree. 40c Corp Liggett & Myers T-obaceo Lincoln When COMMERCIAL 25c 1 9-15 9-16; ^ Z. 8-25' . ; ~;9-;lZ 9-15 12-15 9-6 8-15.7; '7-30 9- 1 ■9-1 9-16: ; 8-15 I *"I 8-1511' 8-15 9- 7. I,/- ;-'i2-zr;;, 8-19 .* (guar.)—— Company, common & 1 1C- 1 9-15 $1.25 10- 1 9-15 25c 9- 1 8-12 $1 9- 1 8-12 9-15 25c 9-12 9- 20cl 9-12 9- 50c 9-20 Extra Roos 10- (quar.) Works —— Brothers, (quar.) (quar.)—-—... Inc. Tool Ross Gear & Ross Industries Corp. Supply Co.— _—.— 9- 30c , v 9- 1 2 2 5% Stedman Sterchi (quar.) $1.50 preferred (quar.) Crown Bottling (Louisville, Ky.)— preferred (quar.) Royalite Oil Co., Ltd. (Irreg.)—„_ Ruppert (Jacob) 4'/2% pld. (quar.) Et. Joseph Lead Co bteii. 8-20 1 8-20 Brothers Stores, 5% preferred 5* (quar.)—; 1 9- 1 1 Struthers 9-15 8-19 9r 1 8-15 12»/2C 9- 1 8-15 Sun ?6V2C 9- 1 8-15 6t. 4.40% Baco 75C 1 $1.25 1 15c S- 1 8- 5 Talon, $1.10 10- 1 9- 2 8-25 8-10 8-22 Taylor, $2 (quar.) 8-26 8- 2 *$1.07 *10-1 9- S 12 VzC $4 preferred Co., Ltd. vtc Common Common 5% Co. Co., partic. Thrifty 8-12 Tide 9- 1 8-15 Tilo 9- 1 8-15 Timken 9- (irreg.) common 12- 9 9-15 9- 1 Treesweet 9-15 9- 1 Angeles) (special) _ 9-10 8-10 1 8-12 9- 1 8- 10- 1 9-10 10- 1 9-10 Union 25c 10- 1 9-15 Union (quar.)_ $1.37 Vi 5% Corp., Oil & Gas, Class B B 5% Class 7-15 Union 9- & class Oil Co. 9-15 9-/ 1 9-15 9- United 1 United 50c 9-15 9- 1 8-26 9 9- 1 8-15 9- 1 8- 2 9- 1 8- 40c 9-15 U. 9-15 8-15 9-15 U. 8-15 9- 1 9- 1 8-12 97 Vic 10% 8- 9-20 9-10 8-19 9- 1 U. 1 8-1? 25c 9- 9 8- South Southern S. U. 4 Va % Bag preferred Paper 4.88% Southern U. Gas Railway Common Common ; (quar.). 9-15 10-14 .— Spencer, Kellogg & Sons Inc. (quar.)— Spiegel, Inc., $4.50 conv. pfd. (quar.) Spotless Company (reduced) Squibb (E. R.) & Sons, common (quar.) (A. $3.75 E.) U. Standard $3.50 Standard Etandard $1.60 Standard — (quar.) Co. preferred Standard Railway Standard Steel California Indiana of A Ohio, Spring Mfg. — Co. (increased (quar.) quar.) . 1 9-15 9- 1 9- 9 75c 12-20 1 1 9-15 9- 75c 9- 1 10- Oil Co. 1 9-10 8-22 1 9- 8- 8-25 8-25 1 8-15 1 8-15 8-25 Van Inc , 1 1 9- 9 9-15 40c 9- 5 8-26 9- 1 _ 10- 1 9-28 66y4C 10- 1 1 40C 9- 1 8-15 *10C 9- 1 7-29 9- 1 7-29 5% 9- President 1 2 • 9- 9 by Products, Inc. (quar.) Virginia-Carolina Chemical— 6% 9-23 1 8-18 Vogt 8-19 Vulcan 30c 9-10 9-10 i 8-19 7% Manufacturing Detinning preferred Corp. Co., (quar.)- common— (quar.)- 1 d$1.50 8- 10-31 3 10-17 9- 1 8-15 30C 9- 1 8-19 (s-a) 9-15 8-31 d$1.20 9-15 8-31 9- 8-19 25c 3iy4c 9- 25c 1 1 8-19' 8-31 8-12 31'/4C 9- 1 8-12. 25c 9- 7 8-24. 9- 7 8-24 9-28 9- 8 $1.25 9-28 9- 8 10-10 Ltd.— 50c (quar.) 9- 9-23 1 8-10 Ltd.—. al5% * 8-22 (quar.) 7- 1 9-20 25c 9- I $1.12% 9-15 9- 1 $1.12% 9-15 9- 1 $1.25 (quar.) 9-16 8-31 1 8-20 (monthly) 25c 9- 9- 1 8-20 25c 10- 1 9-20 25c 11- 1 10-20 10c 8-31 8-16 8-31 8-16 25C for 9- 10- 1 9-16 25c 9-24 9-15 $1.25 15% 1 56 Vic this 10- 9-15 8-12 dividend. Canadian non-residents' tax e deductible the at 7%. tax. source. Non¬ . .... tax. • . .. " ' - * , income tax. tax. 10- 1 12- the I Judge 9-15 9- 8-19 — — . 9- 8 1 9- 8 8-25 8-15 $4 9- 1 8-17 $f 9- 1 8-19 *31 Vic 9- 1 8-18 10c 8-29 62 %c 9-23 37 %c 11- 1 8-15 9- 9 10-17 $91,896,309 Aug. 15 elected a new board of directors and to consummate the reorganization plan the Federal Court at Boston, Mass. are: J. Edson Andrews, Vice-President of the 10 by the J. F. Fitzgerald Construction Co., Boston; John Manager of Waltham Watch Co., and Albert Vice-President of the Boston Edisori Co. of i to the Boston the company : elected until .T: C. presided at the meeting, which lawyer, Aug. 29. directors five control will the serve RFC company of the assets now held who carried out the reorganization. < - . . voting trustees has been repaid. as loan said a of weeks. few four announced up The about to assets cash source 185.000 made $6,000,000 is pany's One Hagertv, former RFC offic'al now operatirg be formally elected President by the new '■ . recently that the company had used only $1,700,000 available by the RFC. The plant's working 1,800. Mr. Hagerty said two months ago that creditor banks had been paid in full since April, and the com¬ was the force by three court-appointed They are Daniel J. Lyne; J. Kaplan and C. Keefe Hurley, all of Boston. Judge it was hoped that the company would take over control directors. It 1 1949—7 Mos.—1948 Co.—Elects New Board—Reorganiza¬ It was expected that Mr. the Waltham plant, would 1 10- 1949—Month—1948 necessary June Jacob Kaplan 9-15 9- 6 12) are, Mr. Andrews, Mr. Daley and Mr. Fitzgerald, all approved the RFC. • Completion of the $6,000,000 RFC loan will be followed by transfer to 1 10- 15c Victor 10-14 25c 12-10, 9- $2.50 8-18 9- 9-10 $2.50 (s-a) preferred (s-a) 8-10 25c 8-20 9- They 8-12 30c 1 933/4c 1 50c dividend on directors of will and 8-18 9- *15c 9 8-19 9- (quar.) July 31— adjourned within 9- 8-10 1 8-31 35C (quar.) General Three 12-22 1-3-50 9- *56c 9- 8-19 9-10 9-15 * 15c : 8-31 d90c closed Stewart Woodworth, was ,,..: 50c 8-30 9-12 Manufacturing Co., Boston; John G. Daley, Plant Manager England Telephone & Telegraph Co.; James F. Fitzgerald, McMenimen, 1 9-20 $1.25 . participating preferred (accum.) Virginia Coal & Iron Co. (quar.) Virginia Dare, Ltd., 5% preferred (quar.).. Virginia Dare Stores, class A Virginian Railway, common (quar.) 6% preferred (quar.). 6% preferred (quar.)—6% preferred (quar.) ' — 6% preferred (quar.) — — 9- 1 Co._ Jamaica steps new trustees Corp. of Canada, Ltd.— preferred (quar.) Common 8-15 10- Corp Wisconsin on New Hagerty, Vlcksburg Shreveport & Pacific Ry. Co.— 8-15 9- 1 $13,696,190 $14,192,009 $91,612,613 Shoe the 9-28 $1.25 8-22 2 9-15 9- $1.06'A ; — The of 8-15 75c 75c Viceroy Mfg. Co., Ltd Vick Chemical Co. (quar.) 9-15 9-19 9-10 170, p. 345. Gale 1 10c 9-10 9-20 9- 5% 3 % approved 8-29 9- 50c preferred (quar.) preferred (quar.) 4V2 % 8-15 1 25C preferred British Income authorized 8-15 Vapor Heating Corp. Verney 8-23 1 d$U2% Co., Waltham Watch 8-15 9- 62 %C . Vanadium-Alloys Steel 8-25 9-15 9 9- 20c resident tax The' stockholders 8-10 9- $1.06 V* 22 %c ——- 9-15 10-17 1 9- tion Plan Approved— 5 25c (quar.) —V. 8-10 . 50c (quar.)_ preferred 9- 10-17 10- Co. Co. not 15%; Period End. 9-15 9-10 25c (quar.) 9- 1 tax Less Sales 8-18 9-30 50c 50c (quar.) $1.37 % 1 8-31 Walgreen Co.—July Sales Off 3.5%— 8-22 jl5c 9- 9-12 9-15 Invesfmenl News 9-19 9-10 56 Vic . (initial)— 9-15 11- 8-9 50C (Contnued from page 8-29 11- 1 General Corporation and 9-20 25C 9 9- 1 1 5% Light Mfg. books xLess 30% 8-16 10- 1 Tcwne 9-15 «2%c 8-15 9 8- 9-15 10- 9-15 8-12 8-15 8- 1 10c & 11-30* 10- 10c 9- 9-15 9- 25c . common 8-31* 8 9-15 9-15 9-1 50c 8-31* 9-20 y$2 preferred 9-10 1 *$1.12% (monthly) (monthly) Worsted (quar.) 12-16 9-20 50c Co 8-30 * (quar.) (William) 8-26 1-3-50 62 %c common... (reduced) preferred. A (quar.) 4%% scries B preferred Co., 1 10- 25c (quar.) Life Insurance Co. & Aeronautical d Less Upper Michigan Power & Light Co.— Raalte 1 2- 8-19 55c 50c (quar.)_ common (quar.)—. Equip. 10- 9-12 $1 (quar.)— 9-15 9- 20c quar.) 1 15c 4Q/> ( 10- 50c 8 11- (quar.) tPayable in U. S. Funds, less *Payable In Canadian funds, 9-15 Utica 25c 11-15 2-15-50 $1.25 (quar.)_ prior conv. resident a 1 50c . 4'/i% Products 8-15 1 d27%c (quar.) prior preferred •Transfer 8 Upson *$1.25 (quar.) 9- 75c Winding Co., common convertible 90c 9-30 10- $1 Pictures 8-25 9- $1.25 Corp., 4V2 % preferred (quar.) York Corrugating Co. (quar.) Youngstowr. Sheet & Tube 8-10 50c ;— common Co. 9-15 75c York 8-10 1 50c Ltd new 8-25 *40c Wyandotte Yale 8-10 1 10- 22 %c iquar.) (quar.)_ Corp., Corp., Universal Insurance Universal 1 10- 8-15 30c Corp.— preferred (quar.) of (quar.) (quar.) — Universal Consolidated Universal 9- $1 $1.75 common preferred Steel Steel 8. 40c $1.75 8-15 87y2c * (quar.) Co. 4Vi% 9-15 10- Governor Common 9-12 $1.06'A preferred (quar.) Spring & Bumper Co. United *50C (quar.) Company 8-16 1 36y»c „ (quar.) (quar.) Oil Co. of Standard Oil 3%% Co. comon Forgings Corp. Co., 8-31 Corp.— 1st S. 1 8-28 1 9- Dredging Oil Standard (quar.) Cap & Seal, $1.80 pfd. (quar.)—_ Chemical Co., Ltd., common conv. Standard 8% U. 10- $1 (increased) Co. 9 9-12 & Common 9 1 94c Insurance Inc. 3 $1 common Accident preferred Btandard — (quar.) Brands, preferred 9- 10-12 $1 preference Standard Rubber S. 55c 9- $1.75 (quar.) Printing & Lithographing, preferred A (quar.) 8. 5% U. 3 €0c — — Potash S. 10- 9- 50c (quar.) Co., Y.) (quar.) 40c (quar.) Mfg. — (s-a) $1.12% — A (reduced.quar.) — . 9- 50c $1 & Wrigley 7-30 $5 (quar.) common Card 9 9-23 95C Combing Co. of Canada, Wright 8-16 9 10- 17 %C «_jl series * (quar.) $1.37% Brothers. (quar.)—— 8-31 9- 25c Playing 9- 50c $1 4V2% 5 *75c (quar.) Walton Co. (quar.) Knitting Co., common 5% prior preferred (quar.) 5% prior preferred (quar.) Van Norman Company (reduced) (quar.). 1 10- 20c 50c Co preferred 8-29 8-15 ; Spear & Co., $5.50 1st pfd. iquar.) $5.50 2nd preferred (quar.) preferred 9-12 ;40c r Carbon Co. Pipe & Foundry Co. S. 8-20 9-30 Co W.) 1 75c (quar.) common 1 Extra preferred Co., 8-20 9- (quar.) W.) 8-17 1 10-15 $1.12% 6% Telephone Co. Sovereign InvestorsSpalding (A. G.) & 5 9-15 20c (Dallas) 9- 9- 25c (quar.) (quar.) partic. 1 Extra 9-15 $1.25 (N. 9- 45C Lothrop common preferred (quar.) 4j/2% 8-15 I 8-15 25c 50c (F. Ltd. Co. preferred Universal _ States 8- J' - — Iasur. (quar.) Southwestern 5% 8-12 1 8-31 $1 •>' Public Service Co.— Southwestern Staley 9- 50c (quar.) 8ervice— CO $1.25 8-17 1 87 %c (F. 8-18 Special (quar.) Southwestern. Life $4 8-10 30 Vic . (quar.) Co. Electric 1 9-15 1 9- $1.25 Common Circuit— preferred Extra 8-15 1 $1.12 Vi (quar.) Natural Southern 9- Extra U. (quar.) preferred Southwestern $4 8-31 9- Co.— California Edison Southern Speer 8-15 30c Lines & $1.12% J. Lines S. 5 8-31 75c . (quar.) Greyhound Advance 30c 40c (quar.) Works Lathe Bend Bouthea tern (quar.)_ 1 9- — Ordinary (interim) Worthington Pump & Machinery Corp.— 8-25 25c Co., Gypsum 4Vfe% 8-12 9- Co. 1 (quar.) 7% preferred U. Co.— 9-10 Pulp 9- (quar.) Co., common Guarantee 4'A% 12-10 12-20 $1.05 Boundview $2 10- $1 *25c Woolworth 8-15 Quarterly (quar.)„ 8-19 (s-a)„_ 9-16 20c Quarterly 8-20 1 America, com. U. S. Hoffman Machinery 1 8-24 87 Vic Inc. 1 9-10 1 Extra Co.—' Extra 8-12 (quar.) Co., of Insurance preferred S. 8-15 9-15 50c (quar.) Oil 9- Power Woodward 8-20 9- (quar.) convertible S. 8-17 *$1 preferred Bocony-Vacuum Pacific $4 2 * 8-20 1 10- Co preferred Woodward 9-10 1 65c (quar.) Corp. U. S. Finishing 9- *$1.25 _. 3 9- 8-13 10- 1 (quar.) Woolworth Investments, Ltd.— preferred (quar.) Illuminating Co 9- preferred quar.) 10- $1.25 — A 8-18 3%% (reduced 8-24* 9-10 933Ac • Storage Theatre Co. Elastic class 6% 8-18 9-15 *30c Carpet 9-20 United Fuel *$1.12 % Sons 8-30 1 Wool (quar.) 1 4.20% Common B 9- 50C & Cold Corporations, Class 9-15 Quarterly - United 1 1 50C (Alexander) 9 5% (quar.) preferred 9- Quarterly Bmith 9- 8-13 9-1 10-15 35c $4.80 preferred (quar.) Wood Newspaper Machinery Corp., common. 5% conv. preferred (quar.) Woodall Industries, Inc., common (quar.) 5% conv. preferred (quar.) Corp.— Artists Biscuit 9-15 15C (quar.) com. 4%% 11-10 10- 9- 1 9 $1.12 (quar.) B preferred Wisconsin shares (quar.) A Car preferred $4 50 Iron & (quarJ Aircraft United 56 Vic dividend)—: Steel five each convertible preferred 8-31 9- 1 25c 62%C> 9- 1 (quar.) (stock filoss-Sheffield 6% 8-22 9-14 *$1 preferred for United $50c City Gas & Electric Co., 3.90% preferred (quar.) 11-15 35c 9- 50c (quar.) common A Wisconsin National 5 9-16 Midland of 8-15 9-15 . 10- 1 25c (quar.) 8-25 United (reduced) 10- 20c Co. share 8-15 25c A 10-15 Paper 3.60% of California $7 Co. Steel 8-25 35c 8-25 United — 8-18 $1.50 _ common (One bommon Terminal 9-28 + 3 1 9-10 31'Ac (quar.)_ 4% Co.— Ltd., 9- 25c 8-15* - y Common (quar.) 6% preferred (quar.) ' 2 25C (quar.) 8- $1.06 >/4 Corp pfd. participating prior preferred United Air Lines, Inc., 4V'2% pfd. 3 25c Sioux Bkelly 8-25 10- 8-15 (quar.) preferred 8 1 Wisconsin Electric Power Co.— Corp. Rubber & preferred Tank 1 B 4V2% Union 1 (quar.) Sons, Ltd., com. (quar.) redeemable pfd. (quar.) Saw 2 9- (quar.)_ (quar.) 5% 9- (quar.) St System, dividend Oil Co. $3.75 10- (H.) Bimpson's, 9- 25c (quar.) convertible Bimonds 9-22 Union 25c _ Simon 8-25 25C & Forgings $1.25 10c (quar.) (Franklin) 4'/2% 8-25 ^ 5% class A class A 8-20 75C preferred 8-25 9-15 *50c : Bignode Steel Strapping, com. 5% preferred (quar.) Silknit, Ltd., common 5% preferred (quar.) Simmons Company — : Simon 5% 9-15 $1 Signal Royalties, class A Class 10- ; < 8-19 8-31 9- 12%c —— Products, Inc Wilson & Company, common $4.25 preferred (quar.) Wilson (J. C.), Ltd Winter & Hlrsch, 7% preferred 8-25 25c 8-16 20c Willson 8-10 1 1 Brake Electric preferred Whitaker 8-10 9- $1.25 1st preferred (quar.) Co. Co. Salle Industries 9-15 * 30c 8-31 3 (quar.)— 20c common preferred (quar.) Corp. of America, Signal 1 1 9- Air preferred Westmoreland, Inc. 1 9- 9-20 9- 10c , Eherwin-Williams Shoe 8-15 9- 9-15 9- (qua*.)—_ Weston Electric Instrument (quar.) Weston (George), Ltd., 4,/i% pld. 1 9-15 9- 5 75c (quar.) Westmoreland Coal 8-16 9- Corp. Gas 23c (Frank G.) Company (quar.) Bhav/inigan Water & Power Co., com. (quar.) 4% preferred A (quar.) Bheaffer (W. A.) Pen Co. (quar.) Steel Co., Coal La Asbestos 25c — Bhattuck 4% 8-22 1 9-15 9-15 Quarterly Stock 9- 8-19 10- (quar.) Co.— preferred A 3.80% 9-12 62 Vic Underwood South 1 25c Truax-Traer 1 9- (quar.) Extra Louis) Corp., $6 pfd. (quar.)— Universal Insurance Co. 9- 8-11 8-17 10- 9-15 25c ; 3'/a% Trust Products tlOc Extra Mfg. & 2 8-31 75c — Quarterly $1.30 8-11 9- Power Westinghouse Westinghouse 8-23 2 15c Co Tri-Continental 8-18 8-23 9-15 Penn 6% 8 9- 8-16 *50c 5% preferred A (quar.) Western Tablet & Stationery Corp. 5% preferred (quar.) 8-19 40c iquar.) (St. Corp. Williams 12-31 1 2 9-15 12 Vic (resumed) Oil (quar.) Securities $1.12y2 15c B Inc. Bearing Transue 25c 9- 8-16 9-15 (Increased) Extra 8-17 9- 8-16 9-12 $1.25 Western Auto Supply Co. Western Pacific RR. 8-20 1 $1 9 — 1 9-23 50c 9 Trinity 910- 25c 9- 208 1 $1.75 12- 1 9- 8-10 9-12 $1 West Virginia Coal & Coke (quar.)---. Westeel Products, Ltd. (quar.) 8-15 31>/4C (quar.)„— (quar.) 9-30 (quar.) (Los Co. Insurance 3iy»c (quar.) Company pfd. conv. common 12-31 —&=T2_ 9-15 9-10 preferred West 9* $1.12% (quar.) Roller i2y2c Selected Industries, $5.50 pr.or pfd. Serrick Corp., class A (quar.) Sheller Roofing *20c —_— 8- 50c (qua/.)_ pfd. 25c Investment 1 25c (quar.) 4Vi% Associated 50c — 9- 8-29 75c Co., Ltd.— Amer. dep. receipts ordinary (interim) Toledo Edison, 4V*% preferred (quar.) 9 8-15 *5c (quar.) Stores, Drug Water tlOc preferred Co., 40c (quar.) Shops Co., $1.25 Inc., Tobacco (quar.) preferred (quar.) Candy 5% preferred A Security Banknote Class 8-12 1 9-30 8-12 1 27C — Thompsons Products, common 4% preferred (quar.) 1 $1.25 preferred pref (Laura) Security 10-18* 1 9- 8-15 9- 7 40c (quar.) common 9-15 9-20 *30c - $5 preferred (quar.) West Penn Electric Co. 1 *12 Vic $1.25 preferred Securities Acceptance Corp., common $1 1 10- 9- 25c Oil & Mills Flour preferred 25c common 4% Becord 11- 1 30c Coal Shovel Title International Canadian 7% 3iy.c Delaware of Textron, Thew 10-18* 10- 15c 9- (quar.) 4'/2% Bears, Roebuck & Co. Second 1 8-31* 1 25c scries A non-cum. Oil 9- 7 (quar.) Extra 9- — Farms, 9- 9-12 pfd. conv. Sulphur Tex-O-Kan 11- 8-16 8-15 $1 75c . (quar.)— Wellman Engineering Co Wesson Oil & Snowdrift $4 pfd. West Disinfecting Co., common 8-15 8-26 50c I $1.07 Vi common non-cum Beabrook 8-15 1 1 35C Producing— Pacific 9iy4c (irreg.) Beaboard 8-10 9- Co. vtc seriec A 8-24 8-16 9- 50c — Extra Texas $1 5% preferred (quar.) Bea'board Air Line RR. Co.— 5% 1 62 Vic preferred (quar.) preferred (quar.) Scytes & 5- 9-23 10-31 55c (accum.) (quar.) Manufacturing 4.30% 2-15-50 Gulf 85c Co., common preferred (quar.) 3.65% Gulf Texas 7c (quar.) Paper Bcovili . Texas 1 25c Corp. Sayre & Fisher Brick Co. (quar.) Bchulte Real Estate, $6 preferred $3.40 1 2- 15c Ltd Syndicate, Mining 8-26 tlViC Corp. 11- 12y2C 5-15-50 Quarterly 8-25 Hvldere 9-15 25c Corp. Weeden & Company— 4% convertible preferred 8-15 40c conv. preferred (quar.) Hughes Gold Mines, Ltd 11-15 12 Vic b-lo 1 Pearson & Carson, Ltd.— Tennessee i Arms 5% Teck i 9-15 5c (quar.)_ ._ 8-31 y- 5c Inc. 50c 5 8-15 9- 37 y2 c — 25c (quar.) 8-19 1 25c . (quar.) Tampax, Inc. (quar.) Taylor & Fenn, 4.32% Transit Arabian Company 9- ;* 1 49 Payable of Jlec, $1 - - 8-15 If- *20c ; (quar.) Co. 1 8-29 *60c iquar.) ; Die 9- s-a) (quar.)-. Walker (Hiram) Gooderham & Worts, LtdWainer Brothers Pictures, Jnc Warren (Northam), $3 conv. pfd. (quar.) Warren Petroleum Corp. (quar.) .Warren (S. D.) Company common $4.50 preferred (quar.) Waterloo, Cedar Falls & Northern RR Wayne Knitting Mills (quar.)—. 8-31 11-15 *60c Sylvanite Gold Mines, Ltd. (quar.); Syracuse Transit Corp. (reduced) 9- Quarterly Quarterly Bcott & 12- Shops ' Superior Tool & 9-15 Antonio Bavage 8-19 Ry. Products,-Inc. (quar.) Sagamore Manufacturing Co Eagutnay Power Co., Ltd., iY*% pfd. Saudi 9-10 12-15 Lowell partic preferred Co., common 4% 9-16 9-10 $1 Ray Drug Co., common 6% preferred (quar.)__. Swift Eafway Steel Ban 1 9-10 510- S1.12V2 Oil Paper Co., common (quar.) 1st pfd. series A (quar.) Regis A Extra 1 25c (quar.)_ Sun Class 10- 31»/4C — Corp., $1.25 pfd. Oil Co., Ltd.— A.) 8-18 1 (increased - Electric Extra 8-29 25C — Stonega Coke & Coal Co. (quar.) Storkline Furniture Corp. (quar.) 9- (D. 9-12 56c 9 ; Walgreen Company, Inc. (quar.) 9-9 $1.25 conv. Extra When Share Building Waite Amulet Mines, Ltd. 9-15 9- Company Wacker-Wells 12-15 1 50C —— 9- Stuart 10- 25c (quar.)—_— 9- Wells 12-31 *20c Inc. Fuller Co. Baer & preferred A vtc (quar.)__ preferred A vtc (quar.)__ conv. 9-15 8-20 Wagner (quar.)— Stem Textiles, a. Stlx, Inc. Drug, 4%% 37y*C ._ Francisco Per Name of 8-20 9-30 $1.25 20C 5% Louis-San 1 (quar.) Ltd. (quar.) Bros., Sterling 9-10 Royal fit. 9- (quar.) preferred preferred 5% 25c (quar.)——— Theater, Roxy 1 $1.25 30c Corporation Holders 9- Stecner-Traung Lithograph Corp.— 25c Rowe When Payable of Ree. 20c 60C Fuel 9-15 pfd. (quar.) __ *$1.06V4 Ltd. Per State (733) . prior Holland Paper Co., Ronson Art Metal 1 $1.25 — preferred (quar.)—— Rohm & Haase Co., common (quar.) 4% preferred A (quar.). —— 5% 8-15 1 $1.25 preferred (quar.)__—— preferred A (quar.)— 5% 5% 9- CHRONICLE Share Name of Company Payable of Rec. 30c FINANCIAL & Holden When Per Share Name of Company Rockwood COMMERCIAL THE Number 4831 Volume 170 of had cash watches. stockholders been was also the increased sale, approved at from $300,000 to $2,800,000. price, of approximately half consummation of the' .company's reorganization plan and a loan from the Reconstruction Finance Corp. voted They create to 5,000,000 cancel new $1 the par 37 %C 2-1-50 1-16 37 %c 5-1-50 4-17 37 %C 8-1-50 7-17 8-15 by factor's liens and company and to covering its $6,000,000 loan to 9- existing stock of the capital shares. 20c 1 40C 9-20 35C 10-20 9- 9 10-10 The The basis plan new of one provides for issuance of a 10-year 4% note to the RFC the company. The loan will be secured shares new mortgages on the company's assets. * be issued to holders of the old stock on a for each 10 old shares. The holders of the will share 50 (734) $3,881,040 each be debentures face $4 paid on final value basis a amount of Provision at within nine receive will of of such the to the of holders stock new for creditors unsecured tneh made months final of allow to stock new board of directors new and naif .or claims has still was additional par aebentures stoc». new share one A of the of consummation the stock old to reorganization the plan. the to Formation record the the on The further action by Royalties, interest elc. of 47,231 47,231 94,317 Gross income before costs It & 10,117,472 General & Interest on administrative 10,117,372 841,365 377,654 426,254 173,856 179,647 873,000 1,030,000 722,000 $1,430,203 $1,665,641 Earnings per —V. 169, $1,150,892 share common $1.73 ' $2.07 $1.35 to bonds. 2%% , bonds, for Co.—Earnings— sales been the Co. and effected five Interstate company the 1949 1943 $8,406,842 ... Income before income taxes.™.. Provision for income taxes.. 1947 $6,749,305 2,024,071 Number of —V. The outstanding. the present in the p. 163, $772,614 proceeds Power ended $1.37 Net 989. Net 170, p. provision for common (INCLUDING stock from Net - & admin, spilt to Nil and Federal amounted taxes to $1,- $1,593,664. three-for-one SUBSIDIARY 1949—3 Mos.—1948 in March, 1948. COMPANIES) 1949—6 Mos.—1948 $18,164,323 $14,809,923 $35,043,452 $29,175,400 dividends investments gains from 570,413 sales Misc. other Total inc. income 22,317 91,864 127,891 237,094 235,775 distrib., & general 8,962,071 for income 17,576,467 2,824,868 6,929,044 225,202 143,661 434,845 depreciation— Prov. 7,290,933 3,791,527 expenses for U. S. taxes: $24,804 16,084 13,468 $30,360 $8,720 $2.>,002 21,024 524,834 59,715 509,371 41,895 No. of 513,872 Net earnings Foreign 14,519,171 5,432,432 ' 290,429 /•..v Government $42,886 12,526 $36,470 336,922 $18,757,074 $15,083,592 $35,915,173 $29,770,414 Prov. marketable Dr69,341 services, admin, 1947 703,968 Dr964 (net) "labor, Mater., Sell., 146,742 Or69,526 of and Other plop. \ see.,, The remaining $4,000,000 of new bonds will be held the company treasury.—See V. 170, p. 536. on was WHOLLY-OWNED allowed Interest; and 1948 income 280,082 $9.28 charges 149. p. '= Period End. June 30— 11 authorized this refunding mortgage 1949 Federal 308,080 JAfter Net sales, less cash dis-' actually sell only $6,870,000 of the payment of maturing bonds - inc. (excl. realized expenses gain gain of common invests.)- on investments on shares Co.—Weekly Output— outstanding- BALANCE output of the electric properties of this company for the week 13, 1949 totaled 99,529,600 kwh, a decrease of 5.87% output of 105,635,000 k*h. ior the corresponding week of 1948.—V. to to and $2.49 requirements. $256,680 (Wm.) Wrigley Jr. Co.—Earnings— Net 1,646,718 ASSETS—Cash securities, in interest able 600. banks at quoted and securities—at and market receivable, on value $11,135; quoted STATE AND SHEET market AT JUNE 30, hand, (cost 1949 1,620,005 3,349,394 3,195,096 values, $1,391,544; CITY — 192,626 762,768 370,799 $3,001,499 $6,862,655 $5,962,487 1,968,487 1,968,487 1,968,487 1,968,487 $1.52 $3.49 outstdg. share $1.85 per Net earnings of foreign subsidiaries $3.03 included 1949 Three dividends Six $4,178; market¬ total, $1,767,623. —V, months months 169, above to: Government $100,047; receivable, 485,919 $3,645,637 shares amounted U. S. $260,719; $100,020), accounts Governments earnings NOTES Aug. the Aug. on 1947, 170, with and into this company Harbor Lumber Mills, sub¬ general 924,002 $2.47 dividend $3,177,554 474,334 $1.62 General $654,513 474,329 $2.55 No. from of plans company applying Divs. & int. received 436,000 474,329 shares West Penn Electric preferred NOl'E—The —V. exchange of one-third share of Willapa stock, respectively, for one Commission 924,000 shs.„ com. * - 1946 1947 1948 $2,618,731 outstanding- In subsidiaries) 1949 961,350, in 1948, to $1,743,186 and in 1949 the 6 Months Ended June 30— 1,090,513 $1,210,071 shares common per authorized the Wisconsin Investment Co.— -Earnings— $5,422,914 1,281,614 509,000 814,000 income Earnings Willapa of $10,870,000 securities Net merger by shares Commerce issue 1949—7 Mos.—1948 $309,998,001 $317,681,656 $47,089,355 $2,600,190 etc. 6 Months June 30— Gross increase to Wheeling & Lake Erie Ry.—Bonds Approved— now Warner voted last, taxes. 353,115 2037. p. 29, that Lumber and . Sales 7.8% Lower— 1949—Month—1948 __ per counts 177,493 taxes.™ income shs. "After of The Net Com. Weyerhaeuser stock. This consolidation resulted in the issu¬ ance of 49,422 and 17,947 shares, respectively, to stockholders of White River and Willapa Harbor, other than Weyerhaeuser.—V. 169, p. 2465. 619,197 expenses. debentures has River share 9,502,190 1,051,634 vehicles Estimated Federal income White . . June on announced River sidiaries, $40,911,033 $44,497,072 $41,262,576 44 30,285,393 28,737,689 exps. also is White 1949, 30, : ;V;// (Including domestic profit There 31,151 Sola stockholders The 159,404 — Delivery and sell. exps. incl. adver. Depreciation on buildings, machy. and +Nct capital stock from 3,200,000 shares to 3,250,000 shares, no par value. were 3,057,913 shares outstanding as of May 26, 1949. 64,246 261,337 June at 2758. p. Worthing ton Pump & Machinery Corp.—Earnings— Weyerhaeuser Timber Co.—Capitalization Increased— 47,188 58,965 169, $43,491,085 170, p. 345. "Earns, 50,153 ,.™_- securities marketable 6 Mos. End. June 30— 27 Weeks Ended End. of goods —V. Millar, wartime director of the U. S. Signal Corps Board, has appointed Director of Research.—V. 170, p. 600. been >. July 31— Sales from .■ July 9, 49 July 3,*48 July 5/47 $40, <54,684 $44,094,187 $40,960,587 property Miscellaneous income Cost Of facilities and and $1,767,623.—V. Woolworth Co.—July Period End. aircraft its and on Aug. 19 began to fly daily roundAngeles (Burbank) and San Francisco-Oakland. Inc., Lines, Western Union Telegraph Co.—Research Director-— Co.—Earnings— Net sales of products Divids.—The British Arkady Co., Ltd. sale charter will company Air securities total, (F. W.) J. Z. 23 Wk on Air Lines of Cali¬ transportation wholly Western corporation, new a trips between Los —V. 170, p. 536. meeting was adjourned to Aug. 29 in the event the stockholders may be needed.—V. 170, p. 600. Ward Baking Profit new Western unuefetattumg *uc*i a cwu**e would be recommended stockholders' of Inc., to engage in intrastate air coach within California, was announced on Aug. 15. directors. The ments, Dr$181,370, fornia, by a stockholder's representative that holders of the given first chance at any additional issue was placed in be payable, $25,259; dividends payable, $43;sundry liabilities, $352; common stock ($1 par) $525,834; surplus, 5784,958; accumulated net realized gain on invest¬ $569,216; unrealized depreciation in quoted values of U. S. other Government Forms New Subsidiary— given authority to issue the additional was LIABILITIES—Accounts capital ' Accounting.- 194§ Monday, August 22, 374; Gray has been named Acting Director of the Budget, a newly position. He formerly was Manager of General Ledger and pur¬ basis one-for-ten same /•/.:/ request stock S. created Stock. old H. The determined. be on CHRONICLE FINANCIAL & Western Air Lines, Inc.—Promotion— will approved claims. COMMERCIAL Cost also chase The THE ended ended June June 30 1948 $536,918 $279,279 818,878 30 528 427 . - . s 2322, p. DEPARTMENT BOND PROPOSALS AND NEGOTIATIONS ARKANSAS Fresno County Sch. Dists. Madison County (P. O. Huntsville), Ark. Bond Sale—The $80,000 hospital bonds offered Aug. 12—v. 170, p. 537—were awarded to T. J. Raney & (P. O. Fresno), Calif. Bond Sons, of Little Rock. Sale—The $40,000 Helm Sch. Dist. bonds offered Aug. 9— were awarded to Dean Witter & Co., of San Francisco, as 2J/2s, at a price of 100.21, a basis of about 2.45%. Paragould, Ark. Bonds Sold—An issue of $100,municipal light plant revenue bonds has been sold to T. J. Additional Sale The — $52,000 000 Washington Raney & Sons, of Little Rock, as 3s. Dated Aug. 1, 1949. Due on Aug. 1 from 1950 to 1959 inclu¬ awarded to the William R. Staats sive. Colony bonds offered on $31,000 Sale—The $182,000 water and sewer bonds offered Aug. 10 170, the Bank Trust San a p. 346—were awarded to of America National & Savings Association, of Francisco, on a bid reflecting net interest cost of about 2.94%, maturing in" 1950 to 1959, as 3s, bonds maturing in 1960 to 1963, as 2%s, and bonds maturing in 1964 to 1967, as 3s. for bonds The second highest bidder John Nuveen & Co., flecting interest net a date were 2.64%, 21/^s, as follows: as Due Sept. 1 on from 1950 to 1962 inclusive. Alturas, Calif Bond —v. Dist. Co., of Los Angeles, and Schwabacher & Co., of San Francisco, jointly, at a price of 100.02, a basis of about CALIFORNIA Sch. same was bid of 2%s. as Due Sept. 1 on from 1963 to 1969 inclusive. The second highest bidder the Bank of America was National Trust & Savings Association, San Francisco, for Helm Sch. Dist. bonds, as 3s, at a price of 100.14, and Dean Witter & ington for Colony $25,000 2%s, at as Dist. bonds, 2y2s, and $27,000 as 1950 100,000 of Oost Wilmington on Due on Authority, Series notes offered Aug. 16 were Sept. 1, All of the bonds are dated Sept. 1, 1949. Second high bid of 100.204 for $500,000 2y4s and $450,000 2%s was made by a group composed of John Nuveen & Co., Weeden & awarded to the Chemical Bank & Trust Co., of New York, and As¬ sociates, at mium of $8. Due on 0.80%, plus a pre¬ Dated Sept. 13, 1949. March Burbank Unified Offering — An issue bonds. 18,000 street lighting bonds. Fla. to bonds. Due 1950 1973 to 1973 school inclusive. district Aug. 1 from inclusive. Sold—An issue of sewer These bonds bonds has were the election held awarded on to Bank Blyth been $197,sold. authorized April 12. the Trust Corte Madera, Calif. Bonds Aug. 17—v. 170, a on Dated Aug. 1, 1948. 000 ed at & & group of p. part of a total issue of $554,000 authorized at the election held on Secretary of the Board of Public Instruction, will receive sealed Aug. 10, 1948. bids until 10 A.M. < ; . (EST) 31 for the purchase of CONNECTICUT to Connecticut (State of) Paying Agent — Manufacturers Company has been appoint¬ York Paying Agent for New exceed 3%% on Aug. $725,000 not interest school building 7 coupon bonds. Dated Aug. 1, 1949. Denomination $1,000. Due Aug. 1, as follows: $29,000 in 1951, $30,000 in 1952, $31,000 in 1953, $32,000 in 1954 and 1955, $33,000 in 1956, $34,000 in 1957, HAWAII Hawaii Housing National Co., Association, 4% William R. Staats Co., Heller, Bruce & Co., Lawson, Levy & Williams, Kaiser & Co., and Schwabacher San *•>. Francisco, * Delaware Definitive The Savings -i" at & Co., a '> all price of of struction in DELAWARE 639—were revenue (State of) Bonds Delaware order Memorial bonds ; Available due Bridge June 1978, of the State of Delaware available in definitive form in change Bankers York for — 1, are ex¬ temporary bonds at Company, New Trust City, and at Equitable Trust Company, Wilmington, Del. inverse numerical Aug. 1, 1959, and on any interest payment date there¬ on Authority, Honolulu, T. H. / $948,000 notes offered Aug. 16 were awarded to Note the Sale—The Chemical Bank & Trust Co., and Associates, at premium of $12, as New York, 0.82%, plus a follows: $528,000 7th Series notes. 420,000 8th Series notes. of composed of America * t Dated Sept. 13, 1949. Nov. 15, 1950. IDAHO Bond Sale Details—The construction the First $50,000 purchased by Savings Bank, previously noted in bonds Trust & of Moscow, v. 170, at a as 442, p. price of sold were par - Dated Little * Irrigation Dist. O. Carey), Idaho (P. v. 170, p. no bids were opinion of Chapman & Cutler, of Chicago, will be furnished with¬ out cost to the purchaser. A tified check for 2% payable to the cer¬ of the bonds, Board Instruction, is required. of Public 2y4s, T, Jan. Wood River of approving as 1950. reservoir bonds offered The on County, Moscow Sch. Dist. (P. O. Moscow), Idaho ! after. Principal and interest pay¬ able at the Florida National Bank, Jacksonville. Due ; Lath — 1950 were Co., of Atlanta, at a price of 106.31, a basis of about 2.20%, as follows: - from 23/4% 12 Clement A. Evans & — 750,000 high Aug. The second highest bidder was Paying Agent — United States Trust Co. of Georgia, Dean Witter & Co., and Redfield Trust Atlanta, at Company of New York has a price of 106.07. & Co. been appointed Paying Agent for Dated July 1, 1949. Denomina¬ $650,000 water and sewerage rev¬ Turlock, California enue 4% bonds, due serially April tion $1,000. The approving opin¬ Bond Offering—Walter Brown, ion of some market 1, 1951, to April 1, 1978, inclusive. attorney, to¬ City Clerk, will receive sealed gether with the printing of the bids until 11 p.m. (PST) on Aug. Nassau County Spec. Tax Sch. Dist. bonds, shall be paid by the pur¬ No. 1 (P. O. Fernandina), Fla. 30 for the purchase of $319,000 va¬ chaser. rious City bonds. These bonds are Bond Offering—John T. Weisner, ed Bond Sale—The $128,000 offered awarded to FLORIDA Dunedin, Co., California Bank, Los Angeles, Paine, Webber, Jackson & Curtis, Long Beach Unified Sch. Dist. (P. O. Los Angeles), Calif. Sch. Bond bonds $60,000 paving bonds. 50,000 school improvement 17, 1950. $2,000,000 World War II bonus bonds, series III issue dated Aug. $35,000 in 1958, $37,000 in 1959, 15,1949. Dist., Los $38,000 in 1960, $39,000 in 1961, Angeles County (P. O. Los $14,900,000 bonds will be offered Torrington, Conn. ^ $40,000 in 1962, $41,000 in 1963, Angeles), Calif. for sale on Sept. Note Offering—Edwin J. 13, as follows: Dowd, $42,000 in 1964, $44,000 in 1965, Bond Sale The $2,000,000 City Treasurer, will receive sealed $7,125,000 elementary bonds. bonds offered Aug. 16—v. $45,000 in 1966, $46,000 in 1967, 170, p. bids until 11 a.m. 5,480,000 high school bonds. (DST) on Aug. $48,000 in 537—were awarded to R. H. Moul1968, f and $49,000 in 30 for the purchase of 2,295,000 college bonds." $200,000 1969. If any of the bonds ton & Co., of San maturing Francisco, and tax anticipation notes. Dated Sept. in 1960 to These bonds were authorized at Security-First National Bank of 1969, are sold to bear 1, 1949. Due on April 21, 1950. Los Angeles, interest at a rate greater than jointly, as 2y4s, at a the election held on Nov. 2, 1948. Payable at the office of Brooks price of 100.16, a basis of about 2.99% per annum, the bonds bear¬ Bank & Trust Co., of Torrington. Palm Springs, California 2.23%, as follows: ing such greater rate shall 'be Legality approved by Harry OsBond Sale callable for redemption at the op¬ The $950,000 mu¬ $1,250,000 elementary school dis¬ sen, City Attorney. tion of the Board of Public In¬ trict bonds. Due on Aug. 1 nicipal improvement bonds offer¬ about 3.18%. GEORGIA Cordele, Ga. Note Sale—The $1,660,000 17th Sept. 1 from to 1966 inclusive. 2%s. Housing Delaware 1967 and 1968. Trust price of 100.15. a $850,000 2y2s. Due Co., for Wash¬ Sch. re¬ cost on a 21,000 100.167, a net interest 2:533%, as follows: about Bonds Twin Not Sold—The 347—were Falls Bond of sold as received. County Class Dist. No. 412 Clerk $200,000 July 30— not A Sch. (P. O. Buhl), Ida. Offering—L. the Board E.of Byrne, Trustees, Volume receive* will Number 4831 170 bids sealed until THE 8 P.M. COMMERCIAL Philo, III. Bond 3% water system bonds offered Aug. 15—v. 170, p. 640—were awarded July 1, 1949. Denomination. $1,000. to shall bonds The be and mature $20,000 at price a of *103.58, payable on an annual amortiza¬ tion plan, the first amortized prin¬ basis of about 2.56%. cipal payment maturing and being to 1959 inclusive. The second payable at the expiration of est bidder one from the date of issue, and the last amortized principal pay¬ ment, maturing and being payable at the expiration of 10 years from year the date of issue, and the various annual maturities being as nearly practicable in such amounts as as 1, 1949. Co., at Due levy in accordance with Chapter Idaho at Sessions office. the Laws, District check for Due Imp. of bonds, payable to the Treasurer, is required. the District to champ, Township receive sealed (CST) Aug. on chase of school 29 $145,000 until for $80,000 School $3,000 Chicago Housing Authority, III. Note Sale—The $20,230,000 notes offered Aug. 16—were awarded as 000 - the pur¬ Chicago, Na¬ interest, plus a premium of $5. Series notes pur¬ chased by the Harris Trust & Savings Bank, Chicago, at 525,000 132nd 0.78% ; 5,705,000 chased by the Chemical Bank & Trust Co., New York, and , Associates, at 0.79% interest. *47,000,000 132nd Series notes purchased by the Chemical Bank & Trust Co., New York, and * Associates, at 0.79% interest. ; ' 131st Series notes pur¬ chased by the La Salle Na¬ tional Bank, Chicago, at 0.74% 500,000 ' interest. , , 1,000,000 131st Series notes pur' chased by the Sears Commu¬ nity State Bank, Chicago, at 0.79% interest, plus a pre- . / mium of . $10. 3,000,000 131st Series notes , pur- chased by the First National ■'*' Bank, Chicago, at 0.72% in¬ terest, plus a premium of $18. ; ; , Jan. 1 1951 to on Dated July 1, pur¬ of Chicago, and Raffens¬ Hughes & Co., of Indian¬ exceed divided and 1962 July 1 000 inclusive, clusive. 1961 i, to name ; Bank & Trust 0.75% at Dated Sept. 13, 1949. and 132 notes due are Co., interest. Series 131 on March Bond District, Illinois $8,300,000 se¬ Sanitary Sale—The Fox, Reusch & Co., both of Cin¬ cinnati, Raffensperger, Hughes & Co., of Indianapolis, and Ravenscroft & Co., of Cedar Rapids,''as 4s, at a price of par. Dated May 1, 1949. Due on May 1 from 1953 to inclusive. ed a 170, p. 538 — were syndicate composed to the Indianapolis Bond Corp.* of Indianapolis, Share of the Continental Illinois Nation¬ 2Y>s, at al of Bank & Trust First Na¬ tional Bank. Northern Trust Co., Harris Trust & Savings Bank, City National Bank & Trust Co., Co.* the American National and Trust 2V4S, at a interest Bank Co., all of Chicago, as price of 100.799, a net cost 2.1757%. to The maturity bonds are of dated Sept. 1, 1949 and mature on Jan. •1, 1969, and $7,905,000 are optional as follows: $465,000 on Jan. 1 from ond . 1952 to 1968 inclusive. Sec¬ high bid of 100.262 for 2Yis made by a syndicate, leading was members of which included Glore, Forgan & Co., Drexel & Co., Stroud & Co., White, Weld & Co., and Harris, Hall & Co. County Housing Authority, III. Note Series ivere Sale—The notes $575,000 offered awarded to the Aug. Goshen, Ind. Offering—Clare F.Garber, City Clerk-Treasurer, will receive Bond (CST) on Aug. 29 for the purchase of $30,000 not to exceed 3% station building of interest fire 1949 $1,000. Due $3,000 on July 1, 1950, and $3,000 on Jan. 1 and July 1 from 1951 to Jan. 1, 1955 inclusive. Bidders to name the rate of inter¬ est, expressed in a multiple of V4 of 1%. The approving opinion of Ross, McCord, Ice & } Miller, of Indianapolis, will be furnished to purchaser at the 16— expense of City. A certified check for payable to the City, is re¬ quired. $500, Greendale, Ind. Bond Klapper, Offering Town — Richard A. Clerk-Treasurer, mium of $2. will receive sealed bids until 6:30 Due P.M. on (CST) on Aug. 29 ex¬ a Ifoble Twp. (P. O. New Salem), for the bonds. Dated Sept. 1, 1949^ Denomination $900. Due $900 on July 1, 1950, and $900 on Jan. 1 and July 1 from 1951 to Jan. Bidders to 1, inclusive. 1960 the name of rate in¬ the purchaser at the expense of A certified check for $300, payable to the Town, is re¬ quired. Bond Offering—Garrett Township etts, sealed (CST) Trustee, bids Aug. on 22 Rick- will until for 2 the „pur- chase of $91,000' not t(S* exceed 4% interest school building bonds divided as follows: $43,000 School Twp. bonds. Due $1,000' on July, 1, 1951; $1,000 on Jan. 1, and July 1, from 1952 to 1963 inclusive - and 000 ; $2,000 on Jan. 1, and $1,1 from 1964 to on July inclusive. 1969 Civil Twp. bonds. Due $1,000 on July 1, 1951; $1,000 on Jan. 1, and July 1 from to July 1958 Jan. on 1 inclusive; 1 $2,- and from $1,000 on 1959 to 1969 inclusive. Dated Aug. 15, 1949. Denomi¬ $1,000. Bidders to name the rate of interest, expressed in multiple of Vi of 1%. The ap¬ proving opinion of Ross, McCord, Ice & Miller, of Indianapolis, furnished be for each issue to the is required. pur¬ $500 1 Owen Twp. (P. O. Rural Route 2, Charleston), Ind. Bond Offering Trey Beard, will receive sealed bids until 7:30 p.m. (CST) on Aug. 30 for the purchase of $14,000 not to exceed 4% interest Township school — Trustee, bonds, divided as follows: $7,000 Sch. Twp. bonds. Due $500 Jan. on 1 from 1951 to 1964 inclusive. 7,000 Civil Twp. bonds. Due $500 Jan. on 1 from 1951 to 1964 of interest, expressed in a multiple of % of 1%. The approv¬ ing opinion of Ross, McCord. Ice & Miller, of Indianapolis, will be Schlampp, City Clerk, will receive sealed and open bids until 10 a.m. (CST) on Aug. 22 for the pur¬ chase as of the Townships. A cer¬ tified check for $500 for each issue is required. Richmond Sanitary District, Ind. $870,000 sew¬ age treatment plant addition, 1949 bonds offered Aug. 11—v. 170, p. Bond Sale—The awarded to the City Fletcher Trust Co., and the Indianapolis Bonds & Share Corp. all of Indianapolis, 539 — were Securities oifejed 640 p. —were a 2.48%. Dated of $140,000 bonds, divided follows: Aug. 1, 1949. Due Feb. 1 from 1950 to 1969 inclu¬ on sive. The W. was second E. highest Hutton bidder & Co., and Co., Fox, Reusch & Co., jointly, for 2%s, at a price of 100.88. Bohmer-Reinhart &. Louisville and Jefferson County, Metropolitan Sewer Dist. (P. O. Louisville), Ky. Bond Offering District receive (CST) A. — H. West, Secretary-Treasurer, will sealed bids Aug. on until 30 for 11 the a.m. pur¬ chase of $4 million not to exceed 5% interest bonds, 1, $1,000. Due revenue sewer series 1949 1949. Deriomination Sept. bonds. Dated Sept. 1, as follows: $120,000 in 1953, $130,000 in 1954 to 1956, $140,000 in 1957 and 1958, $150,000 in 1959 and 1960, $160,1951 to in 000 1961 and 1962, $170,000 in 1964, $180,000 in 1965 and 1966, $190,000 in 1967 and 1968, $200,000 in 1969 and 1970, $210,000 in 1971 and 1972, $220,000 1963 and in 1973, and $230,000 in 1974, pro¬ vided, however, that bonds ma¬ turing in 1955 to 1974, shall be subject to redemption by the Dis¬ trict prior to maturity in whole from time to time in part in the inverse order of their maturities or (less than all of a single maturity by lot) on any in¬ to be selected terest payment date on or after Sept. 1, 1954. Said bonds shall be at price per bond principal amount thereof, plus interest accrued thereon to the date of redemp¬ tion, plus a premium of 4% of the principal amount thereof if called for redemption on or before Sept. 1, 1956; 3V2% of the principal to a the thereof amount if called thereafter demption for and re¬ or on $100,000 street improvement ; before Sept. 1, 1958; 3% of the bonds. Due $25,000 on Nov. 1 principal amount thereof if called from 1952 to 1955 inclusive. 40,000 sewer bonds. Due on Nov. 1, as follows: $7,000 in 1952; $6,000 in 1953; $24,000 in 1954, and $3,000 Dated in 1955. Sept. 1, 1949. The ap¬ proving opinion of Chapman & Cutler, of Chicago, will be fur¬ nished by the City. A certified check for 2% of the bonds of each for redemption thereafter and on Sept. 1, 1960; 2*/2% of principal amount thereof if called for redemption thereafter and on or before Sept. 1, 1962; 2% of the principal amount thereof if called, for redemption there¬ after and on or before Sept. 1, 1964; iy2% of :the principal before or the thereof amount called if for re¬ demption thereafter and on or Sept. 1, 1966; 1% of the Iowa (State of) principal amount thereof if called Bond Sale—The $8,750,000 serv¬ for redemption thereafter and on ice compensation bonds offered at or before Sept. 1, 1968; and xk% public auction Aug. 17—v. 170, p. if called' for redemption there¬ 443—were awarded to Halsey, after and prior to maturity. Bid¬ Stuart & Co., as %s, at a price of ders to name the rate of interest, 100.02286, a basis of 0.74%. Dated expressed in a multiple of % of Dec. 2, 1948. Due on Dec. 1 from 1%. The approving opinion of 1949 to 1953 inclusive. The second Chapman & Cutler of Chicago, highest bidder was Harris Trust & will be furnished without cost to Savings Bank. Chicago; Northern the purchaser. A certified check Trust Co., Chicago; Continental for $80,000, payable to the Dis¬ Illinois National Bank & Trust issue, is required. Co., Chicago; First National Bank, Chcago; Corp., Iowa-Des Bank tional & Moines Trust Co., ly, for 3/4s, at a Trimble County Des price of 100.022285. Laurel Con. Sch. Dist., Ia. Bond trict, is required. Na¬ Moines; Central National Bank & Trust Co., Des Moines; WhitePhillips Co., City National Bank & Trust Co., Chicago; American Na¬ tional Bank & Trust Co., Chicago, and Vieth, Duncan & Wood, joint¬ Bond Aurelia Aug. and of a to Dist. Bond Indep. Schl. Aurelia), la. Sale—The $35,000 build¬ (P. 2s, at a price of 100.21, a basis of about 1.97%. Dated Oct. 1,1949. as school bonds offered 170, p. 539—were 13—v. the The $30,000 to Stein Bros. & Bond Bankers Boyce, Co., both Louisville, jointly, as 3V4S, at price of par. Dated July 10, Due 1957 on Jan. 10 from 1952 inclusive. LOUISIANA Jefferson Sch. Parish Dists. (P. O. Jennings), La. O. ing bonds offered Aug. 15—v. 170, p. 539—were awarded to the First Trust & Savings Bank, of Aurelia, — revenue awarded 2s. Con. Sale building ing bonds offered Aug. 16—were awarded to the White-Phillips Co., New (P. O, Bedford), Ky. 1949. Sale—The $110,000 build¬ of Davenport, as furnished to the purchaser at the expense O ffe fin g—Robert Bond inclusive. Dated July 1, 1949. Denomina¬ tion $500. Bidders to name the rate 170, v. before nation a bonds revenue — Harrison, and Weil, Roth & Irving Co., both Cincinnati, jointly, as 2y2s, at price of 100.09, a basis of about equal Burlington, la. re¬ P.M Sale—The $175,000 school redeemable IOWA bonds. Dated Sept. 1, 1949. Denomination will receive sealed p.m. (CST) on Aug. purchase Of $18,000 not 4V2% interest street im¬ the Town. sealed bids until 2 P.M. the 10th York, and 0.80%, plus a pre¬ Dated Sept. 13, 1949. March 17, 1950. at basis 2.47%, as follows: $4,500 School Twp. bonds. 4,500 Civil Twp. bonds. Chemical Bank & Trust Co., New Associates, a & as about the Madison price of 100.14, a interest, chaser. A certified check for Aug. Clerk, until 2 1949 of in¬ of fied check for $2,000, payable to the City, is required. Will Kokomo), Ind. ries 14 construction bonds offered 18—v. rate terest, expressed in a multiple of y8 of 1%. The approving opinion of Ross, McCord, Ice & Miller, of Indianapolis, will be furnished to 169, p. 2466—were awarded syndicate composed of the Cincinnati Municipal Bond Corp., Bond Sale—The $9,000 building bonds offered July 5 were award¬ awarded to the multiple of Vs of 1%. approving opinion of Ross, McCord, Ice & Miller, of Indian¬ apolis, will be furnished to the purchaser without costs. A certi¬ a < bids 22 for the 48,000 Clay Twp. (P. O. R. R. 4, Chicago of The Carlisle, Ind. 17, 1950, and Series 133 notes are 11987 due on Dec. 20, 1949. /v & the rate 1952 Chicago, Due 1 pressed in in¬ , Dated Bond building Aug. 15 inclusive. 1957 name provement on Jan. Town Sept. 1, Denomination $1,000. July 1, 1950, and $7,000 and July 1 from 1951 to Jan. 1, 1960 inclusive. Bidders Twp. Sch. Twp. (P. O. R^Ril^Sdmerville), Ind. *" Bond Sale—The $33,500 school building of 1949 bonds offered July 21 — v. 170, p. 151—were awarded to the Gibson County Bank,** of Princeton, as 2s, at a price of 100.10, a basis of about 1.98%. Dated May 1, 1949. Due to 1, Zionsville, Ind. Offering — James Jones, Bond to exceed 1949 bonds. on Barton 1951 to interest 3% $7,000 1949. Denomina¬ from exceed 1949. 000 tional was sewer Jan. 1 and $2,- ceive 1 to not to ' June (CST) on Aug. 23 for the purchase of $140,- 8—v. ' . 1,500,000 133rd Series notes pur¬ chased by the American Na¬ 1.16%. on sealed bids until 2 p.m. interest. . • Bidders 1. Bond Sale—The $170,000 water works revenue bonds offered Aug. 133rd 15, 1949. Due highest bidder Series notes pur¬ chased by the Exchange Na¬ tional Bank, Chicago, at 0.72% 500,000 basis of about a price a Lafayette, Ind. Offering — Curtis Hostetter, City Comptroller, will receive as Multiple of V4 of 1%. The ap¬ proving opinion of Ross, Mc¬ Cord, Ice & Miller, of Indian¬ apolis, will be furnished to the purchaser at the expense- of the Townships. Jan. Jan. to payable to the Board of County Commissioners, is required. tion $1,000. Bidders td name th^ rate; of interest,* expressed in a on 1951 pur¬ the KENTUCKY Fort Thomas, Ky. the Glore, 100.42, iy4s, at as 51 awarded to Breed & price of 100.28. Forgan & Co., for 1.20s, at a price of 100.01, a basis of about 1.19%. July 1, 1963. 65,000 Civil Twp. bonds. Due $2,000-on July 1, 1950; $2,000 on Jan. 1 and July 1 from 1951 to 1965 inclusive, and $2,000 on Jan. T knd $1,000 on July 1, 1966. / interest. 131st Series notes Savings 1 from 1953 to 1955 inclusive. The 000 oil: Bank, Chicago, at 0.74% & Stranfor 3s, second Twp. bonds. Due July 1, 1950; $3,- $3,000 and chased, by on oh from follows: Trust a was Vanderburgh County (P. O. Evansville), Ind. Bond Offering—Otto H. Meyer, County Auditor, will receive sealed bids until 10 a.m. (CST) on Aug. 25 for the purchase of $69,500 not to exceed 4% interest remodeling and improvement 1949 bonds. Dated Sept. 1, 1949. De¬ nomination $1,000, one for $500. Due $4,500 on July 1, 1950, and $5,000 on Jan. 1 and July 1 from Bond ' tional Harris Dated Aug. will 1 to not bonds, City, Ind. $525,000 school at highest bidder P.M. Trustee, bids of - Beau- E. is J- offered Aug. 442—were awarded p. apolis, jointly, Township (P. O. Sheridan), Ind. Offering—Fred --y second terest, expressed in a multiple of V\ of 1%. The approving opinion of Ross, McCord, Ice & Miller, of Indianapolis, will be furnished to the purchaser without cost. A cer¬ tified check for 3% of the bonds, follows: $500,000 132nd Series notes the Bank, Adams 1 for Town, . to 1948 bonds 170, perger, 3V2% ILLINOIS of 15—v. 3, 1950. INDIANA Bond check the to of of of expense certified y4 Hammond School # pay¬ A the Bond Sale—The Treasurer's 5% Town. a at $1,000, payable required. interest, plus a Dated Sept. 13, March on 1937. approving opinion of Pershing, Bosworth, Dick & Daw¬ son, of Denver, will be furnished to the purchaser without cost. A purcnaser the Sale—The at 0.80% premium of $7. The certified the Co., of New York, and Asso¬ 1949. 65. high¬ awarded to the Chemical Bank & Trust the rate of inter¬ name multiple of of 1%. The approving opinion Ross, McCord,- Ice & Miller, Indianapolis, will be furnished Authority, III. ' $2,039,000 22nd Series notes offered Aug. 16 were Note ahan, Harris & Co., Inc., 1, 1960 inclusive. est, expressed in BarcuSj Kindred & was 2%s, at a price of basis of about 2.62%. as a Dated Aug. 15, 1949. Due on Jan. 1 from 1951 to 1970 inclusive. The Bidders to 1950 from jointly, 101.30, from 1951 to Jan. a price of 101.88. a ciates, able 1 poorbonds. (735) May 1, 1949. Denomination $1,000. Due $5,000 on July 1, 1950, and $5,000 on Jan. 1 and July 1 Dated July Dec. on CHRONICLE Dated St. Clair County Housing will, together with accruing inter¬ est, be paid by^an annual tax Principal and interest (J-J) 3% interest swimming White-Phillips Co., of Da¬ venport, FINANCIAL purchase of $100,000 not to exceed Sale—The (EST) on Aug. 26 for the purchase of $60,000 not to exceed 2i/2% interest school bonds. Dated the & Bond offered were Sale—The $550,000 bonds Aug, 170, p. 251— syndicate com¬ 16—v. awarded to a posed of White, Hattier & Sanford; Equitable Securities Corp.;" Newman, Brown & Co., all of New Orleans; Barrow, Leary & Co., of Shreveport; Scharff & Jones; Weil der was Iowa-Des Moines Na¬ & Arnold; Nusloch, Baudean & tional Bank & Trust Co., Des Smith; Weil & Co.; Glas & Co.; Moines, for 2s, at a price of Howard, Labouisse, Friedrichs & 100.17. Co., and G. Price Crane, all of Due on Oct. inclusive. 1 from 1957 to 1961 The second highest bid¬ • THE 52 (736) New Orleans, at $300,000 Sch. $46,000 . Dist. 3s, No. 8 bonds: second highest bidder The was I as due on inclusive. 250,ouo Sch. Dist. No. 5 Sale—Tne Note bonds: $238,000 CHRONICLE FINANCIAL & Boston, Massachusetts Rapides Bank & Trust Co., Alex¬ andria, for $50,000, as 3s, at a price of 100.22, and J. G. Hickman 000 offered notes awarded to 18 Aug. was Halsey, Stuart & Co. Inc., New York, at 0.90% interest, a premium of $101. Only other bid of 1.05% was made by the First and Boston. Corp. Chemical Bank from 3s, as 1950 to due Secretary ex¬ Series provement, bonds. registered F coupon Dated 1949. Denomination $1,600. Sept. 1, 1, Due vided $155;000 in 1953, $163,000 in 1955, $172,000 in 1957, $180,000 in 195.9, $189,000 in 1961, $199,000 in 1952, $160,000 in 1954, $168,000 in 1956, $176,000 in 1958, $185,000 in Parish Additional School as $1,800,000 Calvin bonds. Due $2,000 Sch, Bank Trust & New York, at 0.79% Sept. 13, 1949. March 17, 1950. ./, Dist. July 1, from 1951 on as inclusive, and $3,000 in and Co., 1964. on Sale — — terest after upon payment of the par value thereof and accrued interest the to date fixed (J-J) payable at the office Parish School Board highest bidder was Merchants Na¬ tional Bank, of Boston, at 1.04%. the of Treasurer, or at ; a bank to be specified by the purchaser. The approving opinion of Chapman & Cutler, of Chicago, will be fur¬ nished by the Parish School for redemption ders of to bonds, plus a premium of Sale the name of rate (M-S) payable Bridgeton, Maine the at Bond State Treasurer's office, or at the fiscal agency of the State in New York City, school at The the purchaser without cost. A tified check for 2% of cer¬ the par value of the bonds, payable to the Board, is required. New Orleans Montague Housing Authority, notes were awarded Bank & Authority, Note , the Offering—A Lyle Cole¬ Chairman, will receive seal¬ until A.M. 11 (EST) on Aug. 25 for the purchase of $287,000 2nd Series notes. Dated Sept. 6, 1949. Due on Aug. 15, 1950. Principal and interest payable at the Second National Bank of Bos¬ ton. The sey Associates, at 0.79% interest. Dated Sept. 13, 1949. Due on March 17, 1950. v Opelousas, La. t.;..' . Bond Sale—The i Co. $600,000 water City, at Note Sale—The $240.0001st series notes offered Aug. 4 awarded to the National Shawmut Bank, of Boston, at 0.79% interest, plus a premium of $2.50. The second highest bidder was Second Na¬ were awarded to as 2%s. 113,000 ; as from 2%s. 1955 to Due on Note Sale—The on Dated Sept. 1, 1949. highest Brown & Smith; Dated 1 Bros. & Hutzler, and Second Na¬ tional Bank, Boston, jointly, at 0.82% interest, plus a premium of The second was Newman, $20. Co.; Nusloch, Baudean Weil & - company 10,000 Ruby-Wise Sch. Dist. No. . 56 „ bonds, as 3s, at 100.55. a price of purchaser proposal. designated Legality approved Morgan Trust Bros. & Co., Co. & of $8. National Marblehead Bank, of interest, Housing Sept. 1, 1949. Sept. 1 from 1950 to interest school bonds. to as build¬ Dated Aug. 1, $1,000. Due Denomination April 1, follows: $4,000 in 1950 1955, $5,000 in 1956 to 1963, $6,000 in 1964. The bonds be redeemed at the option and may of the District in inverse numeri¬ cal order date on on interest payment any after April or 1, 1957, at and accrued interest to the date fixed for redemption, plus a par deemed bond for each bond so re¬ follows: $20 on each as called for redemption prior April 1, 1959, $15 on each bond called for redemption on or after April 1, 1959, but prior to April 1, 1961, $5 on each bond called for redemption on or after April 1, 1961, but prior to April 1, 1963. premium shall be paid oh No bonds called for redemption on or after April the name 1, 1963. Bidders to interest, ex¬ multiple of *4 of rate of pressed in a 1%. Principal and interest (A-O) payable at a bank or trust com¬ to be designated by the pur¬ The approving opinion of purchaser's attorney will be pany chaser. the furnished at the expense of the purchaser. A certified check for $1,000, payable to the District plus a - Note Sale—The $195,000 Second offered Aug.. 4r—v. Series, notes 178, p. Principal and interest payable at the National Shawmut Shawmut Bank, of Bos¬ ton, at 0.79% interest. Dated Aug. 15, 1948. Due on April 14, 1950. by & Michigan Note of 1.38%, 100.89, a basis as follows: $285,000 Sept. school Boyce, will receive (EST) on Aug. 22 for the purchase of $63,- County about 000 not on 1968 to inclusive. 85,000 paving bonds. Sept. 1 from 1950 Due to on 1954 inclusive. , . Dated Sept. 1, 1949. The sec¬ ond highest bidder was Bankers Trust at a Co., New York, price of 100.47. for to exceed notes, divided $33,000 tax on u. - anticipation Dated Sept, » notes. 1949! Due „ Feb. interest anticipation tax Dated Aug. 15, Feb. 1, 1950. 30,000 4% follows: as r notes* 15, 1949. Due on 1, 1950. Principal and interest payable at the The County Treasurer's office. approving opinion of some market attorney, shall be nished and paid for by the chaser. of A the certified County check for 2% payable notes, fur¬ pur¬ the to Treasurer, is required, Au Gres, Bond v. Michigan Offering—Lincoln Ennis, receive sealed Y bids until 8 P.M. (EST) on Aug. 30 for the purchase of $40,000 not City to Clerk, exceed works will 4% interest revenue Dated March water bonds. Denomina¬ coupon 1, 1949. tion $1,000. Due Jan. 1, as follows: in $1,000 1961 to 1953 1967, 1973. 1960, $2,000 in $3,000 in 1968 to and Bonds maturing in 1967 1973, shall be subject to re¬ demption at the option of the City in inverse numerical order on Jan. 1, 1957, or on any inter¬ est payment date thereafter at par and accrued interest plus pre-* t6 Due 1950 Treasury, sealed bids until 2 P.M. to bonds. from 1 of Offering—James IVzS, - Stoneham Housing Authority, Massachusetts Note Sale The $100,000 1st — mium as follows: As to each bond called for to Jan. redemption on or 1, 1962, $25.00. As to each redemption there-* after, but on or prior to Jan. 1) 1967, $15.00. No premium shall be paid on bonds called for redemp* tion after' Jan. 1, 1967. Bidders to Safe awarded to the National Shawmut pressed in a multiple of Y4 of 1%*. Bank, of Boston, at 0.81%; The highest bidder was Bank¬ The at 0.81% interest. second Medford, Mass. ♦ Bond Offering—Ralph W. Wat¬ will receive sealed bids until 11 A.M. (DST) son, City Treasurer, ers Trust Co., Morgan & Co. National Bank, New J. York, Inc. and P. Second Boston, jointly, at 0.86%. . . r t. "} ■* « bond called for Series notes offered Aug. 4 were highest bidder, Boston Deposit & Trust Co., Boston, * prior The second as - price 443—were awarded to the National Allegan County (Pa O. Allegan)* in¬ 1959 clusive. New Authority, Massachusetts his in Caldwell, Marshall, Trimble Mitchell, of New York City. Salomon York, at 0.84% premium of $17. * • on " ■. the 4% coupon Denomination $1,000. Due $15,000 about ' . dated are Boston. der, Peabody & Co., and Harriman Ripley & Co., Inc., jointly, as l^s, at a price of 100.11, a basis of P. Bankers Chase ' of par. Bonds of New J. Boston, jointly, at 0.84%, plus a premium of $40. Dated Aug. 8, 1949. Due on Aug. 8, 1950. The second highest bidder was the — . price of 101.30. Bank 1.23%, Dated Sept. 1, 1949. Due on Sept. 1 from 1950 to 1959 Housing Authority, Mass. inclusive. Note Sale—The $2,475,000 Sec¬ ond Series notes offered Aug. 11— Salem, Mass. Bond Sale—The $370,000 bonds v. 170, p. 539—were awarded to J. P. Morgan & Co., Inc., Bank¬ offered Aug. 16—v. 170, p. 640— were awarded to Halsey, Stuart ers Trust Co., Salomon Bros. & Co., and Harriman & Hutzler, all of New Ripley & York, and the Second National Bank, of Co., Inc., jointly, as IV2S, at a Lamar & «*■? a National Lawrence Aug. 22, & Arnold; R. S. Attlehoro Housing Authority, Mass. Co.; G. Price Crane; Note Sale The $100,000 1st Kingston, and Schweick- Series notes offered Aug. 11 were ardt, Landry &»Co., jointly, for awarded to the National Shawmut $134,000 as 3%s; $113,000 as 2V2s, Bank, of Boston, at 0.80% interest, and $353,000 as 2%s, at a price of plus a premium of $1.25. The 100.004, a basis of about 2.77%. second highest bidder was J. P. Morgan & Co., Inc., Bankers Trust Rapides Parish Sch. Dists (P. O. Alexandria), La. '< > Co., New York, Salomon Bros. & Hutzler*,r- and Second -National Bend Sale—The $60,000 bonds Bank, Boston, jointly, at * 0.84%, "offered Aug. 9—v. 170, p. 251— plus a premium of $4, were awarded to the Guaranty Dated Aug. 22, .1949^ Due- on JBank of Alexandria, as follows:;; Aug./22, 1950. Principal and in¬ $50,000 Big Island Sch. Dist. No. terest payable at such, incorpo¬ 50 bonds, as 2%s, at a price rated bank or trust Hecht First mium $1,450,000 Sec¬ Due on Aug. 22, 1950. The highest bidder was J. P. Morgan & Co., Inc., Bankers Trust Co., of New York, Salomon bidder & The Housing Authority, Mass. was York, 1949., Sept. 1 as 23/4S. Due on Sept. from 1958 to 1965 inclusive. inclusive. $100,000 library coupon bonds offered Aug. 17—v. 170, p. 640—were awarded to Kid¬ Inc., second 1957 inclusive. 353,000 ■ premium of $12. Sept. 1 1954 inclusive. Due 1965 Burr, for 2s, at bidder ' ; on Aug. 30 $70,000 not to Treasurer, is required. Hutzler, and Second National Bank, Bos¬ ton, jointly, at 0.84%, plus a pre¬ Inc., and the Second National Corp. and Scharff & Jones, of ond Series notes offered Aug. 11— New Orleans, jointly, at a price of v. 170, p. 539—were awarded to 100.007, a basis of about 2.71%, as the National Shawmut Bank, of follows: Boston, at 0.80% interest, plus a from 1951 to to highest ties $134,000 1950 Note Sale—The $445,000 1st Se¬ Trust jointly. (EST) — 0.75%. Haverhill Arlington Housing Authority, Mass. 170, p. 443—were the Equitable Securi¬ P.M. to Housing Authority, Massachusetts 0.78% Bank of Boston, 16—v. 7 North Andover second highest bidder was Coffin & and electric revenue bonds offered Aug. until premium $7.. from Sale—The Bessemer Bond Offering—John Adrianse, Secretary of the Board of Educa¬ tion, will receive sealed bids approving opinion of Sullivan, Donovan & Heenehan, of New York City, will be fur¬ nished by the Authority. Co., of Jer¬ ries notes offered Aug. 11—v. 170, interest, plus p. 539—were awarded to the Na¬ Bank, of Boston. Legality ap¬ a premium of $12. Dated proved by Storey, Aug. 29, tional Shawmut Thorndike, Bank, of Boston, 1949 and due on Palmer & Dodge, of Boston. July 18, 1950. at 0.84%, plus a premium of $9. Second high bid of 0.80%, plus Dated Aug. 22, 1949. Due on Aug. Reading, Massr $16, v/as made by J. P. Morgan & 22, 1950. The second Bond Sale—The Chemical Trust Co., of New York, Township School District (P.O. 7641 Fase Street, Ada), Michigan 1 1949. Note bids V on $285,000 first series notes offered Aug. 18— v. 170, p. 640—were awarded to $3,181,000 31st offered Aug.* 16— the to awarded Arneshury Housing Authority, ; Sale—The Series and ^ was Ada No. ing Massachusetts man, Dated Jan. Jan. 1 from 1950 on MICHIGAN exceed Quincy, Mass. Massachusetts Housing Louisiana Note ; , bonds of issue of $70,000 Due for the purchase of Bond Sale—The $150,000 public Grafton, Mass. Note Sale—The $48,000 fire sta¬ Aug. 11 to Smith & Co., of Waterparking bonds offered Aug. 18— ville, as 2s, at a price of 100.51, tion loan coupon notes offered v. 170, p. 640—were awarded to a basis of about 1.90 J %. Due Aug. 17—v. 170, p. 640—were Lee Higginson Corp., and Blair & $7,000 annually on Sept. 1 from awarded to Robert Hawkins & Co., Inc., jointly, as lVzS, at a 1950 to 1959 inclusive. Co., of Boston, as l%s, at a price price of 101.26, a basis of about of 100.41, a basis of about 1.69%. 1.262%. Second h i g h bid of MASSACHUSETTS Dated Sept. 1, 1949. Due on Sept. 1 101,128 for \VzS was made by the option of the approving opinion of Wood, King & Dawson, of New York City, will be furnished to holder. Sale—An 1, 1949. inter¬ est, expressed in a multiple of Vi of 1%. The approving opinion of Storey, Thorndike, Palmer & Dodge, of Boston, will be fur¬ |,i interest basis of about 1.94%. a to 1979 inclusive. in Boston. Bid¬ Boston, Franklin Note 16—v. 170, p. 640— to Paine, Webber, Curtis, and Robert Hawkins & Co., both of Boston, jointly, as 2s, at a price of 100.53, & 1, 1949. Denomina¬ Housing Authority, Mass. tional Bank, Boston, 0.81%, plus The $300,000 1st a premium of $1. 2% of the par value thereof. If Series notes offered Aug. 11—v. Norton, Mass. Jess than all of the bonds of a 170, p. 539—were awarded to the Note Sale—An issue of $20,single maturity are called for re¬ Board. A certified check for 2% National Shawmut Bank, of Bos¬ 000 tax anticipation notes was demption, the bonds of such ma¬ of the amount of bonds bids for, ton, at 0.80% interest, plus a pre¬ awarded on Aug. 15 to the Mer¬ turity shall be called for redemp¬ mium of $2.75. Dated Aug. 22, chants National Bank of payable to the- Parish School Boston, tion in inverse numerical order. 1949. Due on Aug. 22, 1950. The at 0.68% Treasurer, is required. discount. Due Dec. 20, Bidders to name the rate of in¬ second highest bidder was Chase 1949. The First National Bank of terest, expressed in a multiple of National Bank, New York, at MAINE Mansfield, second high* bidder, Vi or 1/10 of 1%. Principal and 0.84% interest, plus a premium named a rate of of said Aug. awarded were Jackson payable at the National Shawmut ed 80,000 Dodson Sch. Dist. bonds. 640 were awarded to R. W. Due on July 1, as follows; $3,- Pressprich & Co., of New York, as 000 in 1951; $4,000 from 1952 lj4s, at a price of 100.26, a basis 600 in 1968. The bonds maturing to 1954 inclusive; $5,000 from of about 1.13%. Dated Aug. 1, Sept. 1, 1955, and thereafter shall 1955 to 1959 inclusive; $6,000 1949. Due on Aug. 1 from 1950 l>e redeemable by the State, at the from 1960 to 1962 inclusive; to 1953 inclusive. option of the State Board of $7,000 in 1963 and 1964, and Note Sale—The $300,000 notes liquidation of the State Debt, in $8,000 in 1965. offered Aug. 12 were awarded to whole, or in.part in inverse order Dated July 1, 1949. Denomina¬ the National Shawmut of maturity on Sept. 1, Bank, of. 1.954, or on tion $1,000. Principal and in¬ Boston, at 0.97%. The second any interest payment date there¬ t.-> Dated Sept. Bank $200,000 sewage loan, Acts of 1948 bonds 1959. of . inclusive, offered tion $1,000. Principal and interest interest. Due 1957 nished the purchaser. same Chelsea, Mass. The $170,000 mu¬ nicipal relief loan, Act of 1949 bonds offered Aug. 16—v. 170, p. Bond to 1962 1963 on to $17,000 in 1958 and 1959. surface drainage bonds. Due on Sept. 1, as follows: $18,000 from 1950 to 1957 in¬ clusive, and $17,000 in 1958 awarded to the Central were Dated follows: 1960, $195,000 in 1962, $205,000 in 1963, $210,000 in 1964, $215,000 in 1965, $220,000 in 1966, $227,000 in 1967, and $232,- date Hanover follows: $30,000 New Sale—The 95th Series notes offered receive sealed bids until 10 a.m. (CST) on Sept. 3 for the purchase of $110,000 not to exceed 4% interest bonds, di¬ follows: as the will Board, or Sept. of 1950 and and Bond Sale—The treatment bonds. Due on follows: $18,000 178,000 on interest institutional im¬ 5% from 1954 purchase of $3,251,000 not to ceed * 23 $178,000 street Sept. 1, as the Co., Trust & offered Aug. 16—were awarded to jointly. Aug. 1 the Chemical Bank & Trust Co., Notes are dated Aug. 23, 1949. inclusive, of New York, and Associates, at Due on Dec. and $213,000 as 3Y4S, due on 15, 1949. 0.82%, as follows: Aug. 1 from 1955 to 1974 inBoston Housing Authority, Mass. $142,000 15th Series notes. <v elusive. Note Sale—The $7,114,000 95th 96,000 16th Series notes. Dated Aug. 1, 1949. Series notes offered Aug. 16— Dated Sept. 13, 1949. Due on were awarded to the Chemical Louisiana (State of) Nov. 15, 1950. Bank & Trust Co., of New York, Bond Offering:—L. B. Baynard, Winn Parish Sch. Dists (P. O. and Associates, at 0.79% interest. Secretary of the Board of Liquida¬ Dated Sept. 13, 1949. Due on Winnfield), La. tion, will receive sealed bids until March 17, 1950. 11 a.m. (CST) on Sept. 14 for the Bond Offering — R. L. Terry, $37,000 { - lows: Taunton, Mass. for the purchase of bonds, divided as fol¬ Aug. plus notes Monday, August 22, 1949 $356,000 on Note Sale—The issue of $5,000,- Aug. 1 from 1950 to 1954 inclusive, & Co., for $10,000 as 3J/4S, at a and $254,000 as 3Y4S, due on price of 100.26. Aug. 1 from 1955 to 1974 Shreveport Housing Authority, La. i? •! .* a price of 100.06, 3.23%, as follows: basis of about a COMMERCIAL name the rate of interest, ex-* approving opinion..of Miller, Canfield, ■- Paddock :& Stone, of Detroit, will be furnished by the District A certified; check for $1,000, payable to the City Treas¬ urer, is required. . * Volume 170 Number 4831 THE Benton Harbor, Mich. Offerings-Earl L. Tidey, Bond , Clerk, MINNESOTA Le receive sealed bids until 8 P.M. (EST) on Sept. 12 for the purchase of $235,000 not City " will 4% to exceed sessment interest special as¬ bonds. coupon Dated July 1, 1949. Denomination $1,000. Due on July 1, as follows: $23,000 in 1950 and 1951; $24,000 from inclusive, and $21,000 1952 to 1958 in 1959. Bidders to of the rate name interest, expressed in multi¬ a y4 of 1%. Principal and interest (J-J) payable at the City ple of office Treasurer's at or bank a trust company to be agreed by the City Commission and the purchaser. The approving or COMMERCIAL & FINANCIAL CHRONICLE Sueur Co., County, Cleveland Con. Sch. Dist. No. 2 (P. O. Cleve¬ Aug. 16—v. awarded Co., of ates, a to 170, the 1949. Due 1952 to ond highest 1971 Aug. on bidder from 1 inclusive. The sec¬ North¬ was western National Bank, Minneap¬ Associates, for 2s, at a olis, and price of 100.10. to p.m. out A check for $4,000, payable to the City Treas¬ urer, is required. Egleston Twp. Sch. Dist. No. 2 (P. O. Hall Road, R. No. 4, Muskegon), Mich. Bond bee, Offering—Martin Director, bids ed will until receive €00 not school the to exceed bonds. coupon bonds (These which for received were interest 4% bids no 15.) Aug. on are Offering •Beckwith, ceive (EST) chase Clerk, bids Aug. on of quent 22 for Jan. 1, interest Aug. the pur¬ anticipation 1949. Due Principal 1, 1950. payable National re¬ P.M. 8 and the Hastings Hastings. The at Bank, approving opinion of some mar¬ ket attorney, shall be furnished by the purchaser at his own ex¬ certified check A pense. for 2% of the notes, payable to the City, is required. Ironwood, Bonds not Not to exceed utility bonds Mich. Sold $60,000 interest 3% mortgage offered The — Aug. 8—v. gas " 1949 revenue 170, p. 348—were not sold. years 1961 callable Sch. Park ticipation notes offered Aug. 11— 170, p. 540—were awarded to v. Ecorse-Lincoln the 1.90% at ,1949. interest. Due Nov. on Park Dated 1 in Bank, Aug. 1950 5, and 1951. bonds offered awarded the to Aug. will receive sealed Note Chemical State 170, ed Stranahan, to p. 540—were award¬ Harris & Co., Inc., of Toledo, at 1M>% inter¬ est, plus a premium of $104. Dated Aug. I, 1949. Due on Jan. 15, 1951. The second highest bid¬ * was Community National der Pontiac, Bank, Van Buren at 2% interest. Township, Township West School District (P. O. SOI Columbia Ave., Belleville), • , , Bonds Not not to Sold exceed 3% — 8 Spring Hill (P. O. Route Regal), Minn. 1, Offering Town — a on a issued be bid reflecting furnished without cost to the pur¬ A certified check for $500, chaser. payable to the Town Treasurer, is required. the (P. O. Route 2, Dowagiac), Michigan Bond Sale—The $20,000 build¬ ing bonds offered Aug. 15—v. 170, p. 641 — were awarded to the Channer Securities Co., of Chi¬ Dated Aug. 15, 1949. Due on 1 from 1950 to 1956 in¬ clusive. time sec¬ Board. sold are issue single into several at bond bonds of may or the as determine sale, both principal and interest to be pay¬ able in semi-annual installments period of 20 a date of issue. If from years serial bonds issued and sold they will be in are the amount of $1,250 each; the $1,250 will be payable on of sum 1, the on after zation able 1950, and a like amount day each year there¬ same until or in all of such bonds are serial, will be redeem¬ full on any interest pay¬ ment date from and after 10 years from the date of issue. A certified Certificate street Sale — The Aug. 8—v. awarded Were Willmar, the to Bank First the and of Security National Bank, of Willmar, jointly, 2s, at a price of Aug. 15, 1949. Due as Dated Aug. 15 par. on 1953 inclusive. MISSISSIPPI Alcorn County, Chambers Creek Drain Dist. (P. O. Corinth) awarded were of bonds Corinth, at a $12,000 6% offered Aug. 13 to I; E. Johnson, price of par. Meridian Housing Authority, Miss. $329,000 11th Series notes offered Aug. 16 were Sale—The Note awarded to the Chemical Bank & Trust Co., of New York, and As¬ sociates, at 0.82% interest, plus a premium of $3. Dated Sept. 13, 1949. Due on Nov. 15, 1950. offered Aug. Dated Sept. 13, March 17, 1950. 1949. Due on Springfield School District, Mo. Bond Sale The $1 million 1%% school bonds offered Aug. 170, p. 444—were awarded to the Mercantile-Commerce Bank & Trust Harriman jointly, at of about 1949. Due 1964 est Co., of St. Louis, and Ripley & Co., Inc., a price of 103.93, a basis 1.27%. Dated Aug. 1, on Aug. 1 from 1951 to inclusive. bidder Burr, pf Boston, as 1.40s, at a price of 100.28, a basis of about 1.345%. Dated July 1, 1949 and due $10,000 on July 1 from 1950 to 1959 inclusive. Second high bid 100.736 for of was The J. second P. high¬ Morgan & iy2s made was by Lavallette, New Jersey Bond Offering Homer, Borough sealed ceive (DST) bids Gordon — Clerk, will until D. re¬ P.M. 7:30 170, p. 445— syndicate com¬ multiple of Va or 1/20 of 1%. approving opinion o? Cald¬ well, Marshall, Trimble & Mit¬ chell of New York City, will t>e furnished to the purchaser with¬ a York, Trust Co. of Georgia, of Atlanta, American National Bank & Trust Co., of Chicago, and G. C. Haas & Co., of New York, as 1.60s, at a price of 100.57, a basis of about 1.51%. Dated Sept. 1, 1949. Due on Sept. 1 from 1950 1969 inclusive. Sept. 2 for the purchase on $11,000 not to exceed 6% inter¬ fire engine 1949 registered bonds. Dated Aug. 1, 1949. De¬ nomination $1,000. Due on Aug. 1, as follows: $3,000 in 1950, and $2,from 000 1951 to. 1954 Sch. Dist. No. 1 (P. O. Deer Lodge), Mont. pay¬ able at the First National Bank of Toms River. Bidders to name the of rate interest, expressed in a multiple of 1/8 or 1/20 of 1%. The approving opinion of Percy Camp, of Toms River, will be furnished the to purchaser. A certified $220,/ payable to the for New Social Jersey (State of) Study Issue d— Debt Ira HauptV & " Co., the New York members Book — Frank Shaw, their for New The Bonds. Statistical Jersey twenty booklet contains revised debt an - of 6% bonds. Dated July 1, 1949. Amor¬ tization bonds will be the first Municipal statements of ap¬ proximately three hundred New Jersey municipalities with popu¬ lation figures, tax rates, tax col¬ lections 1945 through 1948, and amount of foreclosed prop¬ erty held by the individual mu¬ nicipalities as December of 31, 1948. Jr., N. J. Offering—Harry J. Graff, District Clerk, will sealed bids until 8 p.m. receive (DST) on choice and serial bonds the second Aug. 25 for the purchase of $210,000 not to exceed 6% interest choice school coupon or registered bonds. the of eral bonds tees may School bonds are Board. sold If and be put into one divided into sev¬ may or as the Board of Trus¬ determine upon at the sale, both principal and to be payable in semi¬ annual installments during a pe¬ riod of 20 years from the date time of interest of issue. If serial bonds are is¬ sued and sold they will be in the amount of $1,000 each; the sum of $15,000 will become payable on July 1, 1950, and the sum of $14,000 will become re¬ 1 • 236,000 not to exceed 6% interest school bonds. Dated Aug. 1, 1949. Denomination $1,000. Due on Aug. 1, as follows: $60,000 from 1951 to 1970 inclusive, and $36,000 in 1971: Principal and interest (F-A) payable on July 1, 1951; and the sum of $12,000 will become payable on the same day each year thereafter until all of such bonds are paid. The bonds, whether amortization or serial, will be redeemable in full on any interest payment date from and after 10 years from the Dated Borough will Treasurer, (DST) on Sept. 7 for the purchase $155,000 not to exceed 6% in¬ of registered bonds, terest coupon or divided as $60,000 follows: 1949 bonds. Due $3,- sewer 000 Sept. 15 from 1950 in- on i; elusive. July 1, 1949. Denomination 1968 inclusive. Dated Sept.""! 5] 1949. Denomi¬ nation $1,000. Principal and inter¬ First Bid¬ interest, expressed in a multiple of % or 1/20 of 1%. The approving est (M-S) payable at the Bank, Sayreville. National ders to name the rate of of Caldwell, Marshall, Mitchell, of New York opinion Trimble & City, will be furnished to the pur¬ without cost. A certified check of the for 2% bonds, pay¬ Borough Treasurer, is able to the required. ^ n Plainfield Sch. South V Sale—The $300,000 Bond bonds offered Aug. 16.—v. 541—were N. J. Dist,, awarded to B. school 170, p. J. Van Ingen & Co., and Ira Haupt & Co., of both New York, jointly, as 2V2S, at a price of 100.20, a ba$is of about 2.47%. Dated Aug. 1, on Aug, 1 from 1951 to inclusive. The second high¬ 1949. Due 1965 bidder est was * Boland, Saffin & Co., and MacBride, Miller & Co., jointly, for $299,000 as 2.60s, at a price of 100.36. r 3 Bond bonds p. Wanaque, N. J. $36,000 water offered Aug. * 10—v. 170, Sale —The 541—were awarded to the National 13/4s, as Bank at a basis of about 1.72%. to Dated Sept. Due on Sept. 1 from 1, 1949. First Bloomingdaie, price of 100.12, a of 1950 1958 inclusive. Due on July 1, as fol¬ lows: $15,000 from 1950 to 1955 Weehawken Township (P. O* inclusive; $16,000 in 1956; $20,000 Weehawken), N. J. ; * from 1957 to 1961, and $4,000 in Bond Offering—Leo P. Carroll, 1962. Principal and interest (J-J) Township Clerk, will receive payable at the First National sealed bids until 11 a.m. (DST) on Bank, Oradell. Bidders to name Sept. 1 for the purchase of $93,000 the rate of interest, expressed in not to exceed 6% interest coupon a multiple of Vs or 1/20 of 1%. or registered bonds, divided as The approving opinion of Haw¬ follows: $1,000. kins, Delafield & Wood of New $44,000 fire apparatus bonds. Dues York City, will be furnished to on Sept. 15, as follows: $8,000, the purchaser. A certified check in 1950, and $9,000 from 1951 for $4,200, payable to the Board to 1954 inclusive. of Education, is required. 49,000 sewer bonds. Due on Sept, 15, as follows: $2,000 from North Brunswick Twp. (P. O. 1950 to 1960 inclusive, and R. F. D. No. . 14, New Bond Brunswick), N. J. Offering—Russell D. Van Sickle, Township Treasurer/ will receive sealed bids until 8 p.m. (DST) on Sept. 6 for the purchase date of issue. A certified check of $30,000 not to exceed 6% in¬ for $1,000, payable to the above i terest water coupon or registered Clerk, is required. I bonds. Dated Aug. 1, 1949. De- . 95,000 water 1949 bonds. Due $5;000 on Sept. 1 from 1950 to New Milford Sch. Dist., of $245,000 interest school purchase exceed to the Township, is Passaic, N. J. Offering — Anthony C. Martini, City Clerk, will receive sealed bids until 2 p.m. (EST) on Aug. 30 for the purchase of $1,- Hand four page analysis of Bond to tor Stock 15 not check chaser District Clerk, will receive sealed bids until 8 P.M. (CST) on Sept. the certified Bond inclusive.) ! Principal and interest (F-A) the Powell County for A cost. out 2% of the par value of the bonds, est of Co., both of New Offering name The of tion Bond Bidders to interest, expressed in receive sealed bids until 7:30 P.M. have & of Weber, NEW JERSEY C. J. Devine the rate payable at the Peoples Bank & Trust Co., Passaic. Bidders to name the rate of interest, ex¬ Nashua, N. H. Note Sale—The $200,000 notes pressed in a multiple of Va or 1/20 offered Aug. 16—v. 170, p. 641— of 1%. The approving opinion of were awarded to the Second Na¬ Hawkins, Delafield & Wood, of tional Bank, of Boston, at 0.84% New York City, will be furnished discount. Dated Aug. 16, 1949. to the purchaser. A certified check Due on Dec. 30, 1949. The second for $24,720, payable to the City, highest bidder was Indian Head is required. National Bank, Nashua, at 0.85% Sayreville, New Jersey discount. Bond Offering — Joseph J. Borough, is required. 15—v. a Bank of Millton. Hawkins & Co. Robert posed of the Chase National Bank, they single bond Louis 15—v. NEW HAMPSHIRE Claremont, New Hampshire Bond Sale—The $100,000 sewer bonds offered Aug. 17—v. 170, p. 641—were awarded to Coffin & check (State of) awarded to nomination $1,000. Due $3,000 on Aug. 1 from 1950 to 1959 inclu¬ sive. Principal and interest (F-A) payable at the First National payable quired. Exchange, prepared the sixteenth edi¬ were amortization MISSOURI St. Commissioners. Land Bond Sale—The $5 million Uni¬ versity of Montana building bonds Sale—The Bond of July 1, 1949. Montana to drainage 349—were awarded to the State $37,000 certificates 170, p. 540— improvement offered p. Board authorized at the elec¬ tion held of Aug. 2. t Bond Sale—The $15,800 build¬ ing bonds offered Aug. 10—v. 170, Dated Minn. — Wayne Twp. Sch. Dist. No. 4 entire one were first the School bonds the into put divided the : The $750,000 net interest cost of about 2.17%. April amortization and be bonds the of issued Dated Aug. 1, 1949. Due on Aug. 1 from 1950 to 1972 inclusive. cago. If will serial choice bonds Norbert , Harbor, ond bonds and school bonds has been sold. These Clerk, Housing Authority, Mo. bonds were not sold as no bids ': Note Sale—The $6,922,000 notes were received. •• offered Aug. 16 were awarded to j the Chemical Bank & Trust Co., Watervliet, Mich. of New York, and Associates, at Bond Sale—The $35,000 general 0.79% interest, as follows: obligation bonds offered Aug. 16 $6,358,000 42nd Series notes. -—v. 170, p. 641—were awarded to 564,000 43rd Series notes. the Berrien Securities, Inc., of Benton tization building check for $2,500, payable to the Wal¬ will receive Clerk, is required. sealed bids until 9 a.m. (CST) on Denton, Mont. Sept. 1 for the purchase of $25,000 Bond Sale—The $65,000 water road bonds. Dated July 1, 1949. supply bonds offered Aug. 12— Denomination $1,000. Due on July v. 170, p. 444—were awarded to 1, as follows: $2,000 from 1952 the Farmers State Bank, of Derito 1962 inclusive, and $3,000 in ton, as 2V2s, at a price of 100.15. 1963. Principal and interest pay¬ Dated July 1, 1949. The second able at any suitable bank or trust highest bidder was State Board of company designated by the pur¬ Land and Investments, for 2V2s, at chaser. Bidders to name the rate a price of par/ u— of interest, expressed in a multi¬ ple of y4 or l/10th of 1%. The Flathead County School District approving opinion of Faegre & No. 50 (P. O. Route 1A, Benson, of Minneapolis, will be Kali spell), Mont. Bond dorf, Page School District, Neb. $15,000 Bonds Sold—An issue of 53 1, 1949. Amor¬ paid. The bonds, whether amorti¬ • interest school interest 6% 15, 1949. Due on Sept. 15, as fol¬ lows: $4,000 in 1951 and 1952, and $3,000 from 1953 to 1960 inclusive. Michigan , until Mississippi tax Aug. offered exceed bonds. Dated June June 2y2s. as to (CST) on Aug. 29 for the purchase of <$32,000 sanitary sewer system bonds. Dated Sept. were notes bids p.m. Sch. Dist., Mich. Sale — The $225,000 10—v. at Falls, Minn. Bond Offering—The City Clerk Pontiac anticipation 1954 school 15 Savings Bank, of Midland, in subse¬ Little from 1950 to Midland, Mich. Bond Sale—The $14,000 for the purchase of $25,000 not 9 the Mich. Dist., Sale—The $36,000 tax an¬ Note District Clerk, will receive sealed bids until 8 P.M. (MST) on Sept. during Will mar, Lincoln and 103. C. will until $25,000 tax Dated notes. on City sealed Franklin — bonds due in inclusive; electric system improvement and refunding bonds. Harlem), Mont. Gwaltney, upon on of „ Bond Offering—R. J. Board of Trustees may Hastings, Mich. Note Harlem High (P. O. District Feb. 1 from 1951 to 1967 seal¬ (EST) on Aug." 25 for the purchase of $15,- County, Loup River Power Dist. (P. O. Columbus), Neb. Bond Offering —The District will receive sealed bids until Sept. 14 for the purchase of $6,000,000 Aug. 31 for the $20,000 fire hall bonds. Dated Aug. 1, 1949. Due on Lara- P.M. 8 (CST) purchase all - 103.42. School choice Lindstrom, Minn. Offering—The City Clerk Bond Blaine Minneapolis, and Associ¬ 2s, at a price of 100.18, as basis of about 1.98%. Dated Aug. 1, NEBRASKA \ MONTANA 841—were p. furnished purchaser with¬ price of Allison-Williams will receive sealed bids until 7:30 certified & ing and equipment bonds offered opinion of Miller, Canfield, Pad¬ dock & Stone, of Detroit, will be the Harris, Hall & Co., Cross, and A. Ed¬ Sons & Co., jointly, at & Sale—The $100,000 build¬ upon cost. wards a land), Minn. Bond Inc., Roosevelt (737) $3,000 from 1961 to 1969 inch Sept. 15, 1949. Denomin¬ ation $1,000. Principal and ihterest Dated (M-S) at the Common¬ Union City/ Bid¬ the rate of interest, payable wealth Trust Co., ders to name expressed in a multiple of 1/20 1%. The approving opinion of of 54 (738) THE Reed, Hoyt & Washburn, of New $1,860, A certified payable check the to for out registered bonds. 1949. cost. Dated July 15, Due on A July 15, as follows: $1,000 in 1950, $1,500 from 1951 to 1954 in¬ Principal and interest (J-J) payable at the Rye National Raton. / Bank, Rye. of rate Sykes, Bond ceive Village sealed (DST) YORK Clerk, bids Aug on will until 23 & Galloway, of City will be furnished pressed in of 1%. of pirn. pur¬ interest, multiple of lk a lins & Sons, of New at Due Sept. 1 from 1950 to 1969 on inclusive. Liberty, White Sulphur Springs (P. O. Liberty), certified check for 642—were New Kauneonga Lake Sewer District (P. O. Kauneonga Lake), N. Y. Earl — Reins- bids sealed (EST) terest sewer until 2 construction registered bonds. Dated July 1, 1949. Denomination $1,000. Due $1,000 on July 1 from 1950 to coupon or 1976 inclusive. Principal and in¬ terest (J-J) payable at the Sulli¬ County National Bank, Lib¬ erty. Bidders to name the rate of van interest, expressed in of y4 or 1/10 of 1%. multiple a the purchaser without cost. A cer¬ tified check for $540, payable to Town, is required. Com. School District No. 8 (P. O. Box 44, Miller Place), New York Bond Offering Charles Ger- — meck, District Clerk, will receive sealed bids until 2 pin. (DST) on Sept. 1 for the purchase of $96,000 not to building exceed 5% interest or registered Sept. 1, 1949. De¬ nomination $1,000. Due on Sept. 1, as follows: $8,000 in 1950 and 1951, and $10,000 from 1952 to 1959 inclusive. Principal and in¬ bonds. terest of coupon Dated (M-S) payable at the Bank Northern Jefferson. rate of Brookhaven, Bidders interest, to Port name about 2.42%. and due expressed in a New York City, will be furnished to the purchaser. • Carmel Water District No. 3 (P.O. Mahopac), N. Y. $3,000 from 1950 to 1959 inclusive, $4,000 front 1960 to 1984 in¬ Little Bond will sealed bids until 1 p.m. Lyon, receive (DST) on Aug. 30 for the purchase of $50,-■ not to exceed 5% clusive, and $3,000 from 1961 to 1970 inclusive. Principal and in¬ terest (F-A) payable at the Ma¬ hopac National Bank, Mahopac. Bidders to name the rate of in¬ % or 1/10 of 1%. Heckler York the of & $99,000 the Marine Trust as iy4s, Co., of Buffalo, price of 100.16, a at a basis of about 1.22%. Dated Aug. 15, 1949, Due on Aug. 15 from i950 to 1959 inclusive. The sec¬ ond highest bidder was Herkimer County Trust Co., Herkimer, for iy4s, at a price of 100.11. multiple of The approving a Vandewater, Galloway, City of Sykes, New will be furnished purchaser without cost. to A certified check for $1 000, payable to the Town, is required. Harrison (P. O. Harrison), N. Y. Bond Offering—Alfred F. Sulla, Jr., Town Supervisor, will receive 6ealed bids until 3 p.m. (EST) on ceive (EST) New Note York Sale — divided from 1950 The of New Chase as registered bonds, follows: March 1, as follows: $3,000 1954. 1, as receive 1953 to bids until noon Aug. 24 for the pur¬ chase of $20,000 not to exceed 5% interest general improvement coupon or registered bonds. Dated Sept. 1,1949. Denomination $1,000. Due on Sept. 1, as follows: $3,000 in on 1950; $2,000 from 1951 to 1958 and $1,000 in. 1959. Prin. incl. and int. payable at the National ders to of interest, multiple of J/4 or a 1/10 of 1%. ler the rate of in expressed ion Maybrook Bid¬ Bank, Maybrook. name The approving opin¬ & Vandewater, Sykes, Heck¬ Galloway, of New York City, will be furnished at the pur¬ chasers. A v certified $400, payable required. to check the for Village, is ham Central School District No. 2 (P. O. Rushville), N. Y.) Bond Sale—The $36,000 school 1949 bonds offered Aug. 15—v. 170, p. 642—were awarded to E. H. & 1.70s, at a about 1949. 1.65%. Due 1951. was Sons, of New York, as price of 100.29, a basis The Dated June 30, June 30 in 1950 and on second highest bidder Marine Trust Co., Buffalo, at 1.70s, at a price of 100.29. Mt. Pleasant , Union Free Sch. Dist. No. 9 (P. O. Pleasantville), * New York Bond District 26 for not to 2 the p.m. purchase exceed coupon or July 15, 000. Due (EST) 5% of on Aug. $114,000 interest school registered bonds. Dated 1949. on Demonination $1,Jan. 15, as follows: $7,000 in 1951 and 1952, and $10,000 from Bidders to 1953 to name 1962 the terest, expressed in y4 a inclusive. rate of multiple of 1/10 of 1%. Principal and interest (J-J) payable at the County Trust Co., Pleasantville. The. Mount from 1954 to 1969 inclusive. approving opinion of Vande¬ water, Sykes, Heckler & Gallo¬ way, of New York City, will be furnished to the purchaser with¬ Principal 74,000 sewer bonds. Due on Sept. 1, as follows: $4,000 in 1950, and $5,000 from 1951 to 196*4 on , Sept. $9,000 from 1, 1950 1956 clusive; and $10,000 in in¬ and $1,000 inclusive, on $36,000 2s, due 1 from 1957 to 1965 and $500. 642— p. 1 from 1950 to 1956 Dated Sept. 1, 1949. Denomina¬ tions 170, the and 1957 and 1958. ■ to $50,000 street improvement bonds: for $14,000 2y4s, due on March follows: as to 16—v. Equitable Securities Corp., of Nashville, at a price of par, a net interest cosy of about 2.03%, as follows: 83,000 street improvement bonds. Due Aug. awarded were ' inclusive. Airy, N. C. ':$55 000 bonds Sale—The offered March inclusiye; 5,000 municipal building bonds as 2% s. * Due on March 1 Principal interest (M-S) payable at Tarrytown National Bank & Trust from i All 1952 to the of 1956 inclusive* bonds Sept. 1, 1949. * / , dated are ' : , NORTH DAKOTA of 1%. The approving opinion of Buxton Sch. Dist., N. Dak. Co.; $2,795,000, Bankers Reed, Hoyt & Washburn, of New Bond Sale—The $11,000 school Company; $2,320,000, Bank York City, will be furnished to the of the Manhattan 1949 bonds offered Aug. 10 were Co.; $ ,280 000, purchaser. A certified check for awarded to the Bank Irving Trust Company; $1,500,000, of North $4,080, payable to the Village Corn Exchange Bank Trust Dakota, of Co.; Bismarck, as 21£s. The $1,315,000, The Nfew York Trust Treasurer, is required. Trust ■ second Company; $1,275,000, National Bank and Trust Co.; $775,000, Bank of New York Avenue Bank; $605,000, and Fifth The Marine Midland Trust Com¬ pany of New York; $450,000, Brooklyn Trust Company; $390,000, Commercial National Bank and Trust the OHIO Hamilton County (P. O. Cincinnati), Ohio awarded to the Marine Trust Co., 1.60s, at a price of 100.11, a basis of about 1.57%. Dated June 1, 1949. Due on July of Buffalo, 1 from as Bond $1,000,000 relief bonds of¬ 15—v. 170, p. 446— awarded were The — poor fered-Aug. highest bidder was J. G. Co., Inc., and Sherwood White Sale emergency 1950 to 1958 inclusive. The second highest bidder was Bonding Co., for 2J/2s. State J. to A. White & Co., of Cincinnati, as iy4s, at a price of 100.1313, a basis of about 1.22%. Dated Sept. 1, 1949. Due on Sept. 1 from 1951 to 1959 in¬ & Co.; $305,000, United & Co., jointly, for 1.60s, at a price Company of New of 100.11. York; $285,000, Sterling National clusive. The second highest bid¬ Bank and Trust NORTH CAROLINA Company; $255,der was Salomon Bros. & Hutzler, 000, Empire Trust Company; $120,Reynolds & Co., G. C. Haas & Co., Burlington, N. C. 000, Title Guaranty and Trust Bond Offering—W. E. Easter- R. D. White & Co., and Wm. C. Company; $100,000, Kings County ling, Secretary of the Local Gov¬ Seufferle & Co., jointly, at a price Trust Company, Brooklyn, N. Y.: ernment Commission, will receive of 100.131 for iy4s. $75,000, Federation Bank and sealed bids at his office in Raleigh, Trust Company; $70,000, Fulton Hicksville, Ohio until 11 A.M. (EST) on Aug. 23 Trust Bond Sale—The $10,000 water Company of New York; for the purchase of $500,000 not main• "extension bonds offered $65,000, The Amalgamated Bank to exceed 6% interest water, Se¬ of New York. Aug. 13—v. 170, p. 446—were States Trust t . ries C coupon bonds. Dated Feb. New York City Note HouQinq Authorjiyt Sale—The $2,286,000 24th Issue notes offered Aug. 16—were awarded Bank at & the to Central Trust Co., 0.79% Hanover of New York, interest, plus a pre¬ mium of $35. Dated Sept. 13, 1949. Due on March 17, 1950. Note VII Sale—The $1,250,000 issue offered on Aug. 18—v. notes 170, p. 642—were awarded to the Bessemer Trust Co., of Jersey City, at 0.78% interest, plus a pre¬ mium of $30. Dated Sept. 1, 1949 and due on Niagara, March 1, 1950. Belden District (P. O. Central - Water 2918 bonds offered Aug. 15—v. 170, p. 642—were awarded to the Manu¬ facturers and Traders Trust Co., of Buffalo, as 2y?s, at a price of 100.52, a basis of about 2.46%. Dated Aug. 1, 1949. Due on Aug. 1 from 1950 to 1989 inclusive. Sale—The offered Aug. were Trust Co.. to of New 170, the 1949. Due on rate of name multiple of 14 of l%. The ap¬ proving opinion of Mitchell & Pershing, of New York City, will be furnished the purchaser. A cer¬ check for $10,000, payable tified unconditionally ; to Treasurer, is required. the State ling, Secretary of the Local Gov¬ ernment Commission, will receive sealed bids at his office in Ral¬ eigh, until 11 A.M. (EST) on Aug. 23 for not to the purchase exceed building 6% of $250,000 interest school coupon bonds. Dated Sept. 1, 1949. Denomination $1,000. Due on March 1, as follows: $4,000 in 1952 and 1953: clusive. Principal and interest (M-S) payable in New York City. York, and the Dated Aug. 23, Bidders to name the terest, expressed in rate of in¬ multiple of y4 of 1%. The aporoving opinion of Caldwell, Marshall, Trimble & Mitchell, of New York City, will a the First 100.15, Cleveland iy2s,- at as basis a 1.44%. a of about; 1949. Due Dated Sept. 1, Sept. 1 from 1950 to 1954 in-; elusive. The second highest bid¬ der was J. A. White & Co., for iy2s, at a price of 100.07. on ■ '• v': r cial /y Mansfield, Ohio $144,850 Bond Sale—The assessment Aug, 15—v. awarded bonds 170, to the spe¬ offered 351—were Richland Trust p.- Co., of Mansfield, as iy2s, at a price of 100.16, a basis of about' 1.44%. Greenville School Disfrict, N. C. Bond Offering—W. E. Easter- 642— Aug. 23, 1950. price of a Guaranty d. to Corp., of Cleveland, interest, expressed in notes Security Trust Co., of Rochester, jointly, at 0.61% interest, plus a premium of $3.47. the $6,000 from 1954 1956; $7,000 in 1957 and 1958, and $10,000 from 1959 to 1979 in¬ $340,000 16—v. awarded to 1988 inclusive. Bidders to to Rochester, N. Y. Note awarded 1, 1948. Denomination $1,000. Due on Feb.. I. as follows: $4,000 in 1950 and 1951; $10,000 from 1952 to 1955 inclusive.; $8,000 in 1956 and 1957; $9,000 in 1958; $17,000 in 1959; $15,000 from 1960 to 1983 inclusive, and $10,000 from 1984 Dated on Lockport Road, Niagara Falls), N. Y. Bond Sale—The $46,000 (1949) in¬ or inclusive. Trust Offering—Olga S. Olson, Clerk, will receive sealed bids until 1961 Bond Trust Company; $2,900,000, Chem¬ Company, Tarrytown. Bidders to name the rate of interest, ex¬ ical Bank and Trust Co.; $2,830,pressed in a multiple of % or 1/10 000, Central Hanover Bank and New York Middlesex, Potter, Italy and Gor- from Aug. City. Legality approved by Reed, Hoyt & Washburn,- of New York inclusive, and $1,500 Public sealed (EST) to on Sept. follows: $1,000 from 1950 Maybrook, N. Y. Kathryn V. Connelly, Village Treasurer, will Aug. 1 inclusive. dated 28,000 water bonds. Due Webb The First (P. O. Old Forge), N. Y. National Bank of The City of New Bond Sale—The $22,150 general York; .$1,135,000, J. P. Morgan & improvement 1949 bonds offered Co., Incorporated; $1,015,000, The Aug. 12—v. 170, p. 446—were — 1 and interest payable in New Yorlc 1950, and $4,000 from 1951 to ivi; National Bank of The 1961 are Aug. on 1958 inclusive. on 1, 1949. Denomination $1,000. Due on Aug. 1, as follows: $2,000 from 1950 to 1957 inclusive and $3,000 from in¬ in City j:': $8,485,000, City - of New York; $5,105,000 Guaranty Trust Company of New York; $4,380,000, Manu acturers to Bonds 1958 National York; not to exceed 5% Due Due p.m. on are lows: ':'' '!v/»■■■• 1951. iy2s. 2s. a 1959 2 $19,000 fire apparatus bonds. Due to dated Aug 12, 1949 and mature as follows: $20,000,000 payable Oct. 14, 1949 and $30,000,000 payable Oct. 21, 1949. The notes, bear an interest rate of iy4%. The allotment is as fol¬ Bank 9,000 bonds. City, N. Y. City Comptroller, The until and as from 1952 and Aug. 29 for the purchase terest coupon or Lazarus Joseph has awarded $50,000,000 of tax anticipation notes to 26 banks and trust companies. $9,170,000, on of $204,000 1 bids sealed Offering Bond Dated Aug. 1, 1949. Denomination $1,000. Due on Feb. 1, as fol¬ lows: $2,000 from 1951 to 1960 in¬ opinion Sale—The Y. interest water coupon or registered bonds. terest, expressed in Falls, N. incin¬ erator 1949 bonds offered Aug. 17 —v. 170, p. 642—were awarded to of Bond Offering—Arson H. 000 on and Rollins Supervisor, Dated July 1, 1949 Jan. 1, as follows; 1 A 1950 15,000 Tarrytown, New York Bond Offering — Catherine P. McCaul, Village Clerk, will re¬ 1958 inclusive. Dated Sept. 1,1949. the multiple of % or 1/10 of 1%. The approving opinion of Vandewater, Sykes, Heckler & Galloway, of Town Roosevelt to The approv¬ ing opinion of Vandewater, Sykes, Heckler & Galloway, of New York City, will be furnished to Brookhaven awarded p. re¬ Aug. 31 for the purchase of $27,000 not to exceed 5% in¬ system Aug. 18—v. 170, Cross, of New York, as 2Vz$, a price of 101.09, a basis of p.m. on the & York Sale—The $130,000 water clusive. hagen, Town Supervisor, will ceive Bond at Bethel, inclusive. Series March on Series March on The notes Water District bonds offered Offering York, as l%s, Due price a Due Lenior, N. C,v Bond Sale—The $28,000 water ing 1949 bonds offered Aug. 18— and sewer bonds offered Aug. 9 v. 170, p. 642—were awarded to J. G. White & Co., Inc., and Sher¬ were awarded to R. S. Dickson wood & Co., both of New York, as & Co., of Charlotte, at a price of 2s, at a price of 100.58, a basis of par, a basis of about 1.88%, as '■ about 1.95%. Dated Sept. 1, 1949. follows: } Due on Sept. 1 from 1950 to 1978 $4,000 as 6s. Due on Aug. 1 in National acquisition, bonds. 400,000 road, of 100.18, a basis of about 1.73%. Dated Sept. 1, 1949. 1/10 quired. Franklin cer¬ York Sale—The $600,000 build¬ ["■'J'V Bond $2,325,000 from 1950 to 1969 inclusive. Bond Sale—The $285,000 school Delaiield & Wood, of York"City, will be furnished to the purchaser without cost. A Bond A bonds offered Aug. 11—v. 170, p. 541—were awarded to E. H. Rol¬ Hawkins, to York, 925,000 land 1 (P. O. 478 Helendale Road, Irondequoit), N. Y. The apDroving opinion of $360,000, pay¬ the Village Clerk, is re¬ The — purchaser. A conditionally to the State Treas¬ urer, is required. St. Johnsville), New March 1 from 1950 to 1969 on ex¬ or New Village, is required. No. New able $140, payable heim Central School District No. 2 (P. O. Sale be furnished the tified check for $5,000, payable un¬ * $1,000,000 surface drainage sewer, Series A bonds. Due Irondequoit, Union Free Sch. Dist. 3 registered bonds. Dated July 1, 1949. Denomination $1,000. Due $1,500 on July 1 from 19501961 inclusive. Principal and in¬ terest (J-J) payable at the Alden State Bank, Alden. Bidders to rate for Johnsville, Palatine, Minden, Oppenheim, Ephratah and Man- to 1969 inclusive. coupon or the the to E. check of Monday, August 22, 1949 St. Bank, of Franklin Square, and the Nassau County Trust Co., of Mineola, jointly, as 1.60s, at a price of 100.27, a basis of about 1.56%, as follows: re¬ the for a for bonds offered Aug. 15—v. 170, p. 540—were awarded to Hall & Co., the in purchaser without cost. A certified chase of $18,000 not to exceed 4% interest water system Serial 1949 name the to Alden, N. Y. Offering — Christian name Heckler New York NEW Bidders to interest, expressed multiple of y4 or 1/10 of 1%. The approving opinion of Vandewater, City, and Bosworth, Sul¬ jointly, as livan & Co., of Denver, 2%s and 3s. Simme, Bond clusive. Bonds Sold—An issue of $270,water irevenue bonds has been sold to Stern Bros. & Co., of check County (P. O. Mineola), N. Y. and 000 certified Nassau Denomination $500. NEW MEXICO Kansas CHRONICLE $2 280, payable to the District, is required. ? ' Township, Mex. FINANCIAL Aug. 29 for the purchase of $7,1 is required. N. & 000 not to exceed 5% interest publie playground, 1949 coupon or York City, will be furnished to the purchaser. COMMERCIAL April 1 to 1959 Sept. and 1, 1949. Due Oct.- 1 from 1950 inclusive.- Perry, Ohio - Bond Sale—The issue of $40,0005 water works bonds offered on' Aug. 17—v. .170, p. 446—was awarded to Hayden, Miller & Co., Cleveland, as 2%s, at a price of 101.15, a basis of about 2.352%. • of The bonds and are mature dated July 15, 1949Dec. 1 from .1950 on to 1975 inclusive. Second high bid of 101.77 for 2%s was made by Ryan, Sutherland & Co. ' _ ^ Van •. Wert, Ohio Offering—John A. Jones, City Auditor, will receive sealed bids until noon (EST) on Aug. 25' - Bond for the first enue purchase of $850,000 3% mortgage water works rev-! bonds. Dated July 1, 1949. Denomination $1,000. Principal and interest (J-J) payable at the Ohio Citizens Trust Co., Toledo. approving opinion of Squire, Sanders & Dempsey, of Cleveland, will be furnished to the purchaser without cost. A certified check for est City, is re¬ quired. -y ; • .. District (P. O. Rainier), Ore. - Columbia County School No. 13 will receive sealed bids until 7 p.m. (PST) on Aug. 26 for the purchase of $200,000 not to exceed 4% interest school bonds. Dated July 1, 1948. Due District Clerk, July 1, as follows: $7,000 in 1951, $7,500 in 1952 and 1953, $8,000 in 1954 and 1955, $8,500 in 1956, $9,000 in 1957 to 1959, $9,500 in 1960, $10,000 in 1961 and 1962, $11,000 in 1963 to 1966, $12,000 in 1966, and $13,000 in 1967 to 1970, provided, however, that bonds which mature on or after July 1, I960, are subject to call and re¬ demption on any interest paying date thereafter. Principal and in¬ (J-D) payable at the Coun¬ terest ty Treasurer's office, or at the cal State, the of agency at fis¬ the qption of the purchasers. The ap¬ proving opinion of Winfree, McCulloch, Shuler & Sayre, of Port¬ land, will be furnished to the pur¬ chaser. A certified check for $10,000 is required. City 12—v. 170, Aug. offered Fordyce & Co., of Portland, as 3s, at a 'price of 100.56, a basis of about 447—were awarded to p. 1, 1949. Due Sept. 1 from 1952 to 1957 in¬ on - Sept. Dated 2.89%. clusive.- 670,000 in 1956 tered v:y. >y yyyy;':, Jackson County Sch. Dist. No. 9 (P. O. Eagle Point), Ore. Bond Offering—Beryl Hickson, payable at the Coun¬ office. A certified check for $460 is required. County Sch. from 1 1950 bonds 542—were awarded to S. K. Authority, Ore. $1,475,000 14th Series notes offered Aug. 16 were awarded to the Chemical Bank & burgh, jointly, Trust second Portland Note Housing 214 s, at a price 100.36, a basis of about 2.12%. Dated Sept. 1, 1949. Due on Sept. Sale—The the: County fiscal agency of the State in New York City, at the ".option of the pur .chaser. The approving opinion of Winfree, McCulloch, Shuler & Sayre, of Portland, will be fur¬ nished to the purchaser. A certi¬ fied check for $1,000 is required i payable (A-O) at Pa. Bond Offering—Ruth W. Grace, Authority, Housing Oregon yy": $1,475,000 11th Series notes offered Aug. 16 were awarded to the Chemical Bank & Trust receive p.m. 1 (DST) on Aug. 24 for the purchase of $40,000 improvement coupon bonds. Dated Sept. 1, 1949. De¬ nomination $1,000. Due $4,000 on Sept. 1 from 1950 to 1959 inclu¬ sociates, at 0.82% interest, plus a premium of $3. Dated Sept. 13, 1949. Due on Nov. 15, 1950. Sch. Dist., No. completion 15—v. 170, to National 23 plant of Bank, No. 97J (P. O. Florence), Ore. - Offering Bond bids sealed ceive — Averyl W. District Clerk, will re¬ .Jackson, until 8 p.m. (PST) on Aug. 26 for the purchase $70,000 school bonds. Dated Sept. 1, 1949. Denomination $1,- of 000. Due on March 1, as follows: $2,000 in 1951, and $4,000 from 1952 to 1968 inclusive. All bonds , , maturing after March 1, 1954 shall callable in inverse numerical be order, at par, on any interest date after March 1, 1954. Principal and payable at the office of the County Treasurer, or at the .fiscal agency of the State in New .York City, at the option of the interest certified check for $1,400 is required. \ . yiy .purchaser. A Lincoln County, County Sch. Dist. (P. O. Toledo), Ore. Bond Offering—Guy M. Buford, District Clerk, bids • until will receive sealed 9 for the pur- Sept. $1,350,000 not to exceed interest school bonds. Dated chase of ,3% July 1, 1949. Denomination $1,000. Due $135,000 on Jan. 1 from 1951 to 3960 inclusive. Principal and interest (J-J) payable at the County Treasurer's office, or at the fiscal agency of the State in New York City, at the option of the purchaser. The approving .opinion of Winfree, McCulloch, Shuler & Sayre, will be furnished to the purchaser. A certified check X wt County Sch. Dist. No. O. Albany), Ore. 110 (P. and -"r. :e, Offering — Howard L. District Clerk, will receive son, of Philadelphia, will be de¬ livered free of charge to the pur¬ 1951 1954 to inclusive. as 2V2S. Due on March from 1955 to 1959 inclusive. 24,000 1 25,000 3s. as from 1960 on March 1 1964 inclusive. Due to Dated of 2% A certified check for chaser. payable to the Bor¬ ough Treasurer, is required. of the bonds, School Sharon Bond O ff eri n g—Harry A. Bishop, Secretary of the School Board, will receive sealed bids until 7:30 p.m. (DST) on Aug. 29 purchase of $275,000 school coupon bonds. Dated Oct. 1, 1949. Denomination * $1,000. Due on for the Oct. 1, follows; as $20,000" from and $15,000 in 1964. Bidders to name the rate 1951 to 4963 inclusive, . interest, expressed in a mul¬ of Vs of 1%A certified check for $5,500, payable to the District is required. tiple Wheeler County, Dist. (P. O. bonds p. N. County High Sch. Fossill), Ore. $30,000 school Aug. 15—v. 170, offered 542—were awarded to the Chas. Tripp Co., of Portland, as 2%s and 3s, at a PUERTO Authority price of 100.25. Dated Aug. 1, 1949. Due on Jan. 1 from 1951 to 1969 inclusive. The second highest bidder was Blyth & Co., Rico P uerto Puerto Issue Bond dicate headed Details. — A syn¬ by the First Bos¬ Corp., and B. J. Van In& Co., of New York, jointly, Yamhill County School District and including among others, Gov¬ ernment No. 16 (P. O. Yamhill), Ore. Development, Bank of Bond Sale—The $125,000 school Puerto Rico, of San Juan, Lee bonds offered Aug. 15—v. 170, p. Higginson Corp., Union Securi¬ 447 were awarded to the First ties Corp., of New York, A. C. National Bank, of Portland. Dated Allyn & Co., of Chicago, StranaAug. 1, 1949. Due on Feb. 1 from han, Harris & Co., Inc., of Toledo, 1951 to 1962 inclusive. Bear, Stearns & Co., of New York, Blair & Co., Inc., Salomon Bros. PENNSYLVANIA & Hutzler, of New York, Welsh, Allegheny County Authority, Pa. Davis & Co., of Chicago, Thomas Note Sale—The $3,705,000 35th & Co., of Pittsburgh, and M. B. Series notes offered Aug. 16 Vick & Co., of Chicago, purchased at a price of 100.17. for 3s, will tional ton gen Aug. awarded Bank & the to Chemical Trust Co., of New York, Associates, at 0.79% interest. Dated Sept. 13, 1949. Due on March 17, 1950. and Bethlehem Housing Authority, Pa. Sale Note — The $876,000 9th $22,700,000 Series 1949 bonds, divided as follows: an 4% $255,000 Jan. and $260,000 July 1. 1955, $265,000 Jan. and $270,000 July 1, 1956, $285,000 Jan. and $290,000 July 1, 1957, awarded to The Chemical Bank & Trust Co., of New York, and As¬ sociates, at 0.80% interest, plus a premium of $3. Dated Sept. 13, 1949. Due on March 17, 1950. Blairsville Sch. Dist., Pa. Bond Sale—The $50,000 general obligation bonds offered Aug. 15 —v. 170, p. 447—were awarded to Schmidt, Poole & Co., of Pitts¬ burgh, as l%s, at a price of 100.19, a basis Sept. 1, of about 1949. 1.71%. Due on Dated Aug. 1 from 1950 to 1969 inclusive. Conneaut Lake Borough Pa. Bonds Publicly Offered—John¬ son & Johnson, of Pittsburgh, are publicly offering an issue of $145,000 31/4% water works and sewage system revenue bonds. Dated , $295,000 Jan. and $300,000 July 1, 1958, $305,000 Jan. and $310,000 July 1, 1959. Re¬ deemable on any date not ear¬ lier than July 1, 1952. Re¬ in part, after the redemption of all Term bonds or simultaneously therewith not earlier than Jan. 1, 1954. deemable 18,500,000 3V2% revenue bonds. Due on July 1, 1979. Redeem¬ able in part from surplus earnings not earlier than Jan. 1, 1954 and for amortization requirements not earlier than Jan. 1, 1960, all as set forth in the Trust Agreement. Dated nation July 1, $1,000. 1949. Denomi¬ Principal and in¬ been has of) appointed Wolsey, S. Dak. general obligation bonds purchas¬ ed by Fred A. Gefke & Co., of Sioux Falls, as 3s, at a price of sewer system refunding and improvement revenue. Dated Oct. 1, 000. Denomination $1,1, as follows: 1951 to 1953 in¬ 1949. Due from $75,000 100.17, a basis of about 2.98%, as previously noted in v. 170, p. 543, are due on July 1, as follows: Jan. on Sale Details—The $16,900 Bond waterworks interest and clusive; $100,000 from 1954 to 1959 inclusive; $110,000 from 1960 to $1,000 from 1950 to 1965 inclusive, and $900 in 1966. 1962 inclusive; $115,000 from 1963 to 1965 inclusive, and $125,000 from 1966 to 1969 inclusive. Bonds matu¬ TENNESSEE ring subsequent to Jan. 1,1955, are subject to redemption at the op¬ tion of the City on said date, or the date fixed for re¬ demption and of mium V2 redemption pre¬ 1% of the prin¬ a of bonds re¬ or frac¬ tion thereof, from the date of redemption to the date of ma¬ turity which redemption pre¬ cipal of amount shall mium the the each for deemed year, not principal exceed of the be redeemed such of amount If less redeemed. bonds all than outstanding bonds shall be redeemed numerical verse and interest office of in order. in¬ Principal (J-J) payable at the National Chase the phis New York, or at the op¬ tion of the holder, at the City Treasurer's office. The approving Bank, opinion of Huger Sinkler, of Charleston, will, be furnished to the purchaser together with the printed bonds. A certified check for $40,000, payable to the City Treasurer, is required. Greenville, S. C. Sale—The $175,000 Corp., of Mem¬ phis, and Associates, on a bid reflecting a net interest cost of about 3.42%. Dated July 1, 1949. March Due on 1960 inclusive. bidder est about Dyersburg, Tenm Sale—The Bond $930,000 natu¬ bonds offered Aug. 16—v. 170, p. 543—were awarded to the Equitable Securi¬ ral gas ties revenue Stranahan, Harris & and Robin¬ of Atlanta, jointly, at a price of 100.16, a basis of about 3.21%, as follows: Corp., Inc., of Toledo, son-Humphrey Co., Co., $863,000 67,000 1 inclusive. 3s. Due on July 1, 1972. July 1, 1949. The second highest bidder was W. E. Hutton & Co., Estabrook & Co., and Her¬ Bensdorf & Co., jointly, for as 314s, at a price of basis of about 3.24%. $930 000 100.04, a Gainesboro, Tenn. Sale—The $25,000 about Dated *• on 1971 to 1952 as Dated awarded Due 314s. Due on July as from Aug. 4s. to high¬ 3.42%. Columbia, and W. F. Coley & Co., of Greenville, on a bid re¬ flecting a net interest cost of $17,000 as second C. Bradford & J. was 1950 from 1 The Co., and Associates, on a bid re¬ flecting a net interest cost of of follows: Mem¬ the to Securities composed of R. S. Dickson & Co., of Charlotte, McCarley & Co., of Asheville, Frank S. Smith & Co., as school 170, p. 16—v. man curb parking area revenue bonds offered Aug. 10—v. 170, p. 447—were awarded to a syndicate 3.47%, Aug. awarded 543—were ma¬ their (P\ O. Dyersburg), Tennessee Sale—The $450,000 to are their prior to of 3% County "bonds offered date, interest to Dyer Bond subsequent interest pay¬ at par, plus accrued any ment 1 Aug. Bond water works improvement bonds offered of 170, 16—v. to C. H. Jackson, as 3s, 100.12, of basis a 447—were Little & Co., at a price of p. , about 1949. Due July 1, 2.98%. on July 1,1964. from 1951 to 1953 inclusive. as 3V2S. Due on Aug. from 1954 to 1961 inclusive. 78,000 20,000 1 Due on Aug. 1 314 s. as from 1962 and 1963. Due on Aug. 1 60,000 as 3V2S. from to 1964 Dated Aug. 1, 1969 inclusive. 1949. Lockhart Sch. Dist. No. IS, S. C. Bonds Sold—An issue of $90,000 school bonds has been sold to the of Georgia, Trust Co. and Associates, $72,000 as Jan. 1 as 2V2s. from of Atlanta, follows: Due $6,000 1950 to 1961 on in- elusive. 2V4S. . Series notes offered Aug. 16 were (State bonds. bids sealed receive DAKOTA agent in New York City $.10,000,000 veterans' bonus ..or (EST) on Sept. 14 for purchase of $2 million not to exceed issue of $4,200,000 3% revenue bonds. Due $210,000 Jan. and $215,000 July 1, 1952, $225,000 Jan. and $235,000 July 1, 1953, $235,000 Jan. and $245,000 July 1, 1954, 1949. 1, Dakota Bank Greenville, — were 1 paying Owens, market and Rico Feb. on 1966 to 1969 inclusive. noon Bond RICO Aqueduct and Sewer (P. O. San Juan), 1 inclusive. \ Paying Agent—The Chase Na¬ CAROLINA Columbia, S. C. Offering—F. C. Sale—The Bond Feb. on 1965 to SOUTH turity, the bonds to be redeemed District, Pa. of ,100.26., Authority, for $19,000 is required. ion $16,000 as 2%s. Due on March 1 from expressed in a multiple The approving opin¬ of Townsend, Elliott & Mun- interest, follows: as the rate of of Vs of 1%. Portland, and Associates, at a price of 100.06, a basis of about 2.08%, will 8 sive. Bidders to name bonds offered Aug. p. 643—were awarded First the until bids sealed Co., of New York, and As¬ County Secretary, Borough Sale—The Note > Lane County Sch. Dist. highest Narberth, Treasurer's office, or at the T inclusive. The bidder was Butcher & Sherrerd, for 23/4s, at a price of 100.54. 2%s, and $20,000 as 3s, at a price 1, as 1 from 1950 to 1954 Co., of New York, and As¬ sociates, at 0.80% interest, plus a premium of $7. Dated Sept. 13, 1949. Due on March 17, 1950. Portland SOUTH the Due 2.10s. Due as South of 1949. Due $5,000 on Aug. 1 from 1951 to 1960 in¬ clusive. Principal .and*;- interest Aug. Cun¬ & Co., and Moore, Leonard & Lynch, both of Pitts¬ ningham clusive. Dated Feb. 1 from on inclusive. 2s. 1955 ij.om (Previous refer¬ the above financing ap¬ peared in v. 170, p. 643.) until 1954 55 York. Mayor, $22,000 funding offered Aug. 16—v. 170, p. Bond Sale—The 200,000 to Bond in¬ 1954 to at the Co., Pitts¬ Twp. Sch. Dist. (P. O. Hazleton), Pa. 'Hazle 351—were awarded to the State, 3s. Dated Sept. 1, 1949. Due on Sept. payable Trust New ence burgh, Trustee. Legality approved by Burgwin, Churchill, Ruffin & Hazlett, of Pittsburgh. Dist. No. 31 (P. O. Route 1, Box 364, Salem), Ore. Bond Sale—The $5,000 school bonds offend Aug. 2—v. 170, as (F-A) Commonwealth Sept. 1, 1949. The sec¬ ond highest bidder was State Bond Commission, for $45,000 as •Dated of in maturing to as from owner, 4s. Due as 1950 approved by Mitchell & Pershing, inclusive. 1982 to bonds interest (PST) on Aug. 22 for the purchase of $50,000 not to exceed 5% interest school bonds. * to 1, 1960, in inverse order of ma¬ turity at 103.50. Principal and terest (M-S) District Clerk, will receive sealed p.m. of 1982, are callable, beginning Aug. w bids until 8 All 1961 1958 said p. inclusive; $4,000 and 1957, and $5,000 from at the Chase Na¬ tional Bank, San Juan Branch, San Juan, Puerto Rico. Legality follows: $1,000 in 1951 and 1952, and $3,000 from 1953 to 1959 inclusive. Principal and in¬ (P. O. Elgin), Ore. Bond Sale—The $65,000 Echo, Ore. — The $6,000 bonds $130,000 as Union 'yT; , Sale Bond (J-J) payable at the Chase 1, Sept. terest (739) National Bank, New York, or, at the option of the holder or regis¬ 1949. Denomination $1,000. Due on Sept. 1, Polk Offering—Joe F. Walker, Bond Dated bonds. CHRONICLE from 1952 to 1955 ty Treasurer's OREGON ■ school FINANCIAL & Aug. 1, 1949. Denomination $1,000. Due on Aug. 1, as follows: $3,000 (PST) P.M. 7 the purchase of $23,000 not to exceed 4% inter¬ for 27 Aug. on The until bids sealed $0,000, payable to the COMMERCIAL THE Number 4831 170 Volume > Due on Jan. from 1962 to 1964 inclusive. 18,000 as 1 Dated May 1, 1949. Denomina¬ Prin. and int. (J-J) payable at the Irving Trust Co., New York City. These bonds are authorized at the general election in 1948. Legality approved by Sinkler, Gibbs & Simons, • of tion $1,000. $1,000,000 offered weer 17—v. 170, p. 543— a syndicate com¬ Aug. awarded to posed of the Equitable Securities Corp., Cumberland Securities Corp., and J. C. Bradford & Co., all of Nashville; C. H. Little & Jackson; Davidson W. N. Estes Co., County Sch. Dist. No. & Co., Co., Co., Co., Chicago; Stranahan, Harris & Co., Inc., Toledo; Webster & Gibson, of Nashville, and the Fidelity Bankers Trust Co., of Knoxville. The group paid a price of 100.053 for various coupons, or a net in¬ terest cost of about 2.78%, as fol¬ & Knoxville; Nashville; Fisher, Hawes & Knoxville; John Nuveen & lows: $118,000 4s. Due on June 1 from 1950 1954 inclusive. to 882,000 2%s. Due on June 1 from 1955 to 1968 bonds inclusive. are 1949 and those Richland se¬ ries of 1949 electric revenue bonds The Charleston. Tenn. Sale—The Bond dated June 1, maturing on June 1 1, 1955 and thereafter are callable O. Columbia), S. C. Bond Sale The $1,000,000 in inverse numerical order begin¬ {P. — school bonds offered Aug. 17—v. 170, p. 543—were awarded to a syndicate composed of the North¬ Trust Co., of Chicago, Harriman Ripley & Co., Inc., Alex. Brown & Sons, of Baltimore, and Johnson, Lane, Space & Co., of Savannah, at a price of 100.003, a basis of about 2.09%, as follows: ning June 1, 1954, at varying pre¬ miums depending on' the date of redemption. Nashville, ern Tenn. Paying Agent—Guaranty Trust Company of New York has been appointed co - paying agent for $350,000 street improvement bonds. • 56 THE (740) Warren County (P. O. McMinnville), Tenn. Bond Offering—E. W. Walling, Chairman of the Board of County Commissioners, will receive seal¬ ed bids until 2 P.M. (CST) on Sept. 6 for the purchase of $258,000 not to funding exceed 3% interest bonds. Dated July coupon COMMERCIAL of 1%. The approving opinion y4 of Attorney-G e n e r a 1 of the State, and Wood, King & Daw¬ son, of New York City, will be furnished by the City to the pur¬ chaser at its own expense. A certified check for bonds, payable required. 2% the to City, I,/;- -\y. the of is ;' •; 1, 1949. Denomination $1,000. Due July 1, as follows: $10,000 from 1950 to 1955 inclusive; $15,000 from 1956 to 1961 inclusive; $20,©00 from 1962 to 1965 inclusive, and $28,000 in 1966. Bonds ma¬ turing in 1960 to 1966, shall be callable at the option of the County on Interest payment date thereafter, July 1, 1959, in inverse numerical order, at par and interest to call date. accrued Principal and interest (J-J) able Co., the at or City Bank & pay¬ Trust at the First National Bank, McMinnville. Bidders to the name rate of interest, expressed in a multiple of J/4 of 1%. The ap¬ proving opinion of Chapman & Cutler, of Chicago, will be fur¬ nished to the purchaser without cost. A certified check for $5,160, payable to the County Trustee, is required. : ^ : TEXAS Galveston, Bond sold been St. Paul, 4%s, at & Moody, of price of par. a Authority (P. O. Austin)', Texas Bond Sale The $17,700,000 bonds offered 170, v. Aug. a headed awarded to the Chemical Bank & Trust Co., of New York, and As¬ sociates, at 0.82%, plus a premium of $6. Dated Sept. 13, 1949. Due on Nov. 15, 1950. Pasadena, Tex. terest 1949 bonds, divid¬ coupon $300,000 improvement street bonds. Due lows: $6,000 on Oct. 1, as fol¬ from 1950 to 1952 inclusive; $9,000 in 1953 1954; $12,000 in 1955 and 1956; $15,000 in 1957 and 1958; $20,000 from 1959 to 1961 inclusive; $21,000 in 1962 and 1963; $22,000 in 1964; $23,000 in 1965 and 1966; $24,000 in 1967, and $16,000 in and 1968. 200,000 water works bonds. Due lows: $4,000 1952 system Oct. 1, as fol¬ from 1950 to on 1954; 1956; 1958; $8,000 in of 2.72%, 1966 and from 150,000 incinerator inclusive. 1962 dated are May . 1, Oct. on as follows: 1950 from 1, to 1952 $3,000 inclusive; $4,000 in 1953; $5,000 in 1954; in $7,000 1957; $8,000 in 1958; $10,000 1962 1959 to inclusive; $11,000 from 1965 inclusive; $12,- 1963 000 from to in 1966 and 1967, and $8,000 in 1968. Dated Oct. 1, 1949. Denomina¬ $1,000. Principal and inter¬ est payable at the City Treas¬ urer's office, or at the National City Bank, of New York, at the option of the holder. Bidders to tion the name rate pressed in a of interest, ex¬ multiple of 1/10 or Chemical with ahan, Inc.; Blair & Co., Inc.; R. S. Dick¬ son & Co., Inc.; Harris, Hall & Co. (Inc.); Merrill Lynch, Pierce, Fenner & Beane; R. W. Pressprich & Co.; Stifel, Nicolaus & Co., Inc.; Southwest First Co.; Hayden, Stone & Co.; King, Quirk & Co., Inc.; J. C. Bradford & Co.; Ellis & Co.; the First Cleveland Corp.; Hayden, Miller & Co.; Kebbon, McCormick & Co.; Lyons & Shafto, Inc.; Moroney, Beissner & Co.; Maynard H. Murch & Co. the Ohio Company; Ryan, Sutherland & Co.; Thomas & Co.; Tripp & Co., Inc.; R. A. Underwood & Co., Inc.; Ballman & Main; Charles King & McDougal Co.; Louis B. Condon, & Inc.; Investments; A. Co.; and Miller, Ken- Henry Co. & waters as an Since — of the agency of in storing, conserving the and Colorado the River and in generating, trans¬ mitting and selling electric power retail. wholesale and at bond issue will the current used tion finance the to additions of Proceeds to construc¬ electric the generating and transmission tem of the Authority. ditions houses at Marble Falls and Gran¬ August 18, 1949 include ite Shoals with Total fiscal Details—The for the 30, 1949, $5,252,575 and net depreciation and was new sue, June before dition to the $2,462,017. In ad¬ revenue bond is¬ the Authority also has out¬ standing Co. price a noted at house $900,- of of in p. 544, fort$7,000, pay¬ Ellis as follows: bonds. building Sept. 1 from 1954 to 1959 inclusive. -.Due Redevelopment and Authority, Va. $1,335,000 16th offered Aug. 16 were on on 20,000 vocational Due on school bonds. Sept. 1, 1954. Dated Sept. 1, 1949. (• Chemical Bank & Patch Grove Co., of New York, and As¬ sociates, at 0.80% interest, plus a premium of $6. Dated Sept. 13, Due and Simmons, of Chi¬ $463,000 school Trust 1949. Na- York, jointly, as l%s, at a price 100.97, a basis of about 1.36%, Sale—The awarded to the of 544-^ p. Chase cago, of County, is required. Series notes March 17, 1950. S want on, Free High 170, Vt. Bond Sale The $160,000 re¬ funding bonds offered Aug. 16—v. 170, p. 544—were awarded to F. S. Moseley & Co., of Boston, as 2y4s, at a price of 100.80, a basis of — (Village and Town Sch. (P. Dist. O. Bagley), Wis. Bond school VERMONT p. Sale—The 2%% $69,000 bonds offered Aug. 12—v. 352—were awarded to Harley, Hayden & Co., of Madi¬ son, at a price of 102.10, a basis of about 2.27%. Due on July 15 from 1960 to ond 1969 inclusive. highest bidder kee The was sec¬ Milwau¬ County, Milwaukee, at a price of 102.04. about 2.16%. Due Dated Sept. 1, 1949. Sept. 1 from 1950 to 1959 on WYOMING inclusive. WASHINGTON; Cowlitz Sch. County, Castle Rock No. 401 (P. O. Kelso), Wash. Dist. Bond ers, Offering—Gertrude Riv¬ County Treasurer, will receive sealed bids until 2 p.m. (PST) on Aug. 22 for the purchase of $95,000 not to exceed school bonds. 6% interest Dated Sept. 1, 1949. Denomination $1,000. Due on Sept. 1, as follows: $4,000 from 1951 to 1956 inclusive; $5,000 from 1957 to 1963 inclusive, and $6,000 from 1964 to 1969 inclusive. Principal (M-S) payable at the County Treasurer's office. The approving opinion of Preston, Thorgrimson & Horowitz, of Se¬ and interest lows: 2%s. Due as from 587,000 1950 from 1961 212,000 3s. as from to 1978 to Denomination and interest Mercantile $18,022,000 10 Feb. on inclusive. 1977 Due 10 inclusive. 1960 to 10 Feb. on inclusive. 1981 $1,000. Principal (F-A) payable at the National Bank, of Dallas. Port Bond Meyer, sealed City bids Sept. on Arthur, Texas Offering Clerk, until 13 for W. Ernest — will receive A.M. 10 (CST) purchase of the $250,000 seawall and breakwater, Series A 1949 bonds. Dated Sept. 1, 1949. Denomination $1,000. Due on Jan. 1, as follows: $50,000 in 1951, and $100,000 in 1952 and 1953. able Principal and interest at the same national upon bank by and National other any mutually between agreed the City the City, is required. Roscoe Independent School Texas principal for 5% v", Dist., of the required. Big Norn County Sch. Dist. No. 17t (P. O. Basin), Wyo. Bond Sale Detail*—The $90,000 school bonds purchased by the Se¬ curity State Bank, of Basin, and Associates, as previously noted in v. 170, p. 544, were sold at a price of 100.16, as a follows: $48,000 t basis of about 2.32%,; \ I Due 2s. as on July 1 from 1950 to 1957 inclusive. 42,000 2y2s. as Due on July X from 1958 to 1964 inclusive. Big Horn County Sch. Dist. No. 28 (P. O. Cowley), Wyo. Bond Offering — Lincoln R» Gardner, District Clerk, will ceive bids sealed (MST) until 8 re¬ p.m. Sept. 3 for the purchase on Oreille Con. County Wash. Bond Offering—Lillian Berendt, District Clerk, will receive sealed bids until chase of Aug. general pur¬ (These bonds were origi¬ nally scheduled for sale on Aug. 10-> Authority, Wash. Note Sale—The $1,379,000 notes offered Aug. 16 were awarded to the 1958 inclusive. (M-S) Housing Chemical New Bank & Trust Dick •• v. the District. March on 17, 1950. WEST VIRGINIA Williamson, Bond park Sale—The $300,000 bonds 170, offered & Co., Inc., 2%% 16—v. Aug. awarded 448—were p. Blair Va. W. at price a 170, p. 256—were awarded to a syndicate composed of Glore, Forgan & Co., John Nuveen & Co., William Blair & Co., all of Chicago, Kalman & Co., of St. Paul, and Raffensperger, Hughes & Co., of Indianapolis, at a price of 100.22, a basis of 1.48%, as fol¬ to of lows: Aug. 1 from 1950 to 1952 in¬ a basis of about 2.20%. Dated Aug. 1, 1949. Due on Aug. 1 from 1951 to 1983 inclusive. The highest bidder was Sold—An issue of $125,000 improvement bonds has been to R. A. Underwood & clusive; $500,000 as iy4s, due on Aug. 1 from 1953 to 1957 inclusive, and $200,000 as Young, iy2s, WISCONSIN Co., Green Bond Centen, Offering City Wis. Bay, — Clerk, ; County (P. O. Clifford A. $500,000 as iy4s, due ort Aug. 1 from 1953 to. 1957 inclusive, will receive (CST) on Supervisors, will receive sealed bids until 1:30 P.M. (EST) on Sept. 6 for the of $350,000 not to exceed purpose 4% interest coupon hospital construction bonds. Dated Jan. 1, 1949. Denom. $1,000. Due and Pearisburg), Aug. 25 for the purchase of $300,- Virginia Bond Offering— F. E. Snidow, on follows: $15,000 from Jan. 1, as 1950 to 1959 inclusive, and $20,000 from 1960 Aug. 1 in 1958 1,000,000 Sch. Dist. No. 2 bonds! $300,000 as 3s. Due on Aug. 1 from 1950 to 1952 inclusive; sealed bids until 1 p.m. Giles due on sine! 1959# of Dallas. VIRGINIA ! / $1,000,000 County High Sch. Dist. bonds: $300,000 as 3s, due on 100.66, second — v. Due 1949. 13, Bond building bonds offered Aug. 11— 591,000 24th Series notes. Sept. Sch. Dists. (P. O• Casper), Wyo. Sale The $2,000,000 Natrona County ..<, $788,000 23rd Series notes. Dated Bosworth, Dawson, of Denver, will the purchaser by. Co., York, and Associates, at a premium of $8, as . Pershing, be furnished to Bonds sold of & 0.80%, plus follows: The approving Treasurer's office. Moore & Co., at a price of 100.09. .: 1, 1949. Denomina¬ Principal and interest payable at the County tion $1,000. opinion Seattle .fv,,v Dated Sept. obligation bonds. of ..)V $2,000 in 1954 and 1955, and $1,000 in 1956. 25,000 funding bonds. Due $5,* 000 on Sept. 1 from 1954 to $84,241.40 not to exceed interest 4% for jthe 27 of $20,000 building bonds. Due on on Sept. 1, as follows: $5,000 from 1951 to 1953 inclusive; School District No. 59 the Commission and the purchaser. A certified check for $5,000, payable to Pend pay¬ City Depository, being the First Bank, Port Arthur, or check (P. O. Cusick), Feb. on 3V4s. Due as as VvV V y $101,000 certified amount bid is sold fol¬ were basis of about 3.07% a bonds Texas, of Dallas, at 100.94, as previously 170, v. building Clerk of the Board of revenues ended to debt service chemical CORPORATION power combined capa¬ a operating year income DAVISON and city of 83,334 kva. amounted THE IT dams school sys¬ the close of business Sep¬ Secretary Note inclusive; $11,000 in 1969 and 1970; $12,000 in 1971 and 1972; $13,000 from 1973 to 1975 inclusive, and $14,000 from 1976 to 1979 Such ad¬ tember 9, 1949. M. C. Roop, check 1968 to in Texas, be Baltimore 3, Md. certified able to the Blunt 170, the New to of follows: from at approving opinion of Hawkins, Delafield & Wood, of New York City, will be furnished to the purchaser without cost. A 12—v. Bank, attle, will be sold with the bonds. cents stockholders of record The Aug. awarded were tional A quarterly dividend of Thirty-seven and one-half ($.37%) per share on its capital stock, payable September 30, 1949, to pur- offer ment controlling Davison as Kenosha, Wis. Bond Sale—The $483,000 bonds \ purchased by the Central Invest¬ $4,218,000 27/8s. Underwriters—Associated ity has been engaged - the A certified $10,000, payable to the City Treasurer, is required. and State of Texas in 1934, the Author¬ a Virginia, by purchaser at the check for $45,000 not to exceed 5% in¬ terest coupon bonds, divided as its formation Corporation has declared cha~ser. Aug. 15, as fol¬ in 1965; $10,000 $9,000 1966 Sale specified be may the of the City. expense 000 Authority's Functions The lows: Bond 1%. on from , of furnished to 2.774%, based on an offer of par for $9,891,000 2%s, $3,591,000 2%s, ower The Board of Directors of . proximity to that of the winning Drexel inclusive. All of said bonds Corp., are White, Weld & Co., and F. S. optional Aug. 15, 1964. Moseley & Co., among others, of¬ Dated Aug. 15, 1949. Denomina¬ fered a price of 100.035 for $4,tion $1,000. Principal and interest 031,000 3s, $8,493,000 23/4s, and (F-A) payable at the State Treas¬ $5,176,000 2V2s, or a net cost of urer's office. These bonds were about 2.747%, while an account authorized at the election held on which included as principal mem¬ Aug. 9. Legality approved by Du¬ bers: Lehman Bros., Halsey, Stuart mas, Huguenin & Boothman, of & Co., Inc., Phelps, Fenn & Co., Dallas. and Kidder, Peabody & Co., Plainview Indep. Sch. Dist., Texas named a net interest cost of about E. Masten & DIVIDEND NOTICE bonds. Due tender. A group including & Co., Lee Higginson Harris & Co., Inc., in the underwriting of the bonds are the following: Smith, Barney & Co.; Harriman Ripley & Co., Inc.; Blyth & Co., Inc.; Equitable Se¬ curities Corp.; A. C. Allyn & Co., Due the Commonwealth of Aug. 15 from on 1/10 or or trust companies having principal offices in New City, Washington, D. C., or York building school Due in inclusive. inclusive, and $7,000 in 1959. : /' /. : i"' ! : ' '. / 39,000 3% school building bonds. Due on Aug. 15, as follows: $7,000 in 1960 and 1961; $8,000 in 1962 and 1963, and $9,000 in 1964. 180,000 3%% school building V inclusive. bonds on 1954 to building Aug. 15 1955 3,610,000 27/8s. Due semi-annual¬ ly from May 1, 1963 to May 1, The 1950 bonds. and bonds. of Texas, school 2% % 31,000 inclusive. 1953 banks their The — name expressed Principal and interest (J-J) pay¬ able at the principal office of such Housing follows: as 2%% $25,000 5,841,000 2V2s. Due semi-annual¬ ly from Nov. 1, 1953 to Nov. 1, and 1968. Investment Co. Central bonds. Due $5,000 1959 1967, and $4,000 in Publicly Offered % of Richmond of follows: as multiple Indep. Sch. Dist., Texas Bonds $2,029,000 2%s. Due semi-annual¬ ly from Nov. 1, 1949 to May 1, the First Boston Corp. and Stran¬ 1960; $14,000 in 1961; $15,000 1962 and 1963; $16,000 in 1964 and 1965; $17,000 in & Co., bonds, divided price about to 1969 inclusive. Bidders to and Associates. Houston, Pecos has ris & Co., Inc., jointly, at a of par, a net interest cost of 1955 and in and bonds Dallas, is publicly offering an issue of $275,000 Series 1949 1957 in in $10,000 $13,000 improvement street construction by the First Boston Corp. and Stranahan, Har¬ inclusive; $6,000 in 1953 and $1,- been sold to B. V. Christie 4,218,000 2%s. Due May 1, 1975. follows: as of issue Sold—An 416,000 sewer Oser, Secretary of the Board of 1949 and are subject to prior re¬ Commissioners, will receive seal¬ demption at various dates and ed bids until 10 A.M. (CST) on prices. Three bids were submitted Aug. 24 for the purchase of for the issue, with the two unsuc¬ $650,000 not to exceed 4% in¬ cessful tenders being within close ed Housing Bonds Monday, August 22, 1949 the rate of interest, Authority, Tex. Note Sale—The $435,000 9th Series notes offered Aug. 16 were 17— 644—were awarded to p. syndicate previously issued rev¬ bonds. Lubbock — revenue CHRONICLE a $195,000 water bonds has Juran Lower Colorado River M. Mildred — to as 1970 Texas Offering Bonds Sold—The ; amount of enue works and gas revenue any or Hemphill, Texas ; on FINANCIAL & 000 not exceed to 2%% swimming pool 1949 bonds. Dated Sept. 1, 1949. Denomination $1,000. Due $15,000 on Sept. 1 from 1950 to 1969 inclusive. Principal and interest (M-S) payable at the City Treasurer's office. Bidders to name the pressed in rate a of interest, ex¬ multiple of % of 1%. $200,000 as l%s, due on Aug. 1 in 1958 and 1959. interest highest bidder was Co., Chicago, Har¬ riman Ripley & Co., Inc., Braun, Bosworth & Co., Inc., Stern Bros. & Co., Commerce Trust Co., Kan¬ sas City, - Northwestern National The second Northern Trust Bank, approving & opinion of Chap¬ Cutler, of Chicago, will be as l%s, at a a-f The man aind J. M. jointly, for $2,000,000 orice of 100.06, a basis Minneapolis, Dain & Co., «1 aq or i