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ADWl.
BUS.
1948
23
HUG
LIBRARY
MONDAY
in 2 Sections
-
Section 1,
7% £
'
A
Financial
Reg. U. S. Pat. Office
Volume
New
Number 4727
168
General
RAILROAD
Adams Express Co.—Quarterly
The net asset value of the
Period End. June 30—
1948, after providing
a reserve for taxes of $155,000 on unrealized port¬
appreciation, was $29.71 per share on the 1,450,500 shares out¬
standing in the hands of the public.
The corresponding net asset
value on Dec. 31, 1947 was $27.82 per share on the 1,477,187 shares
then outstanding.
Net
Total
income
1
-
.
JUNE 30
1946
$665,469
$725,800
_
;
Provision
for
Federal
Provision
for
$730,650
Earns,
145,373
178,395
22,000
contingencies
./V'F
v.lls;
Net
income
income
29,000
"Dividends
paid
'
■
gain
9,400
"
*
.
$415,074
$346,277
363,200
369,297
295,413
—
per
months'
ASSETS—
35%.
June 30,'48
ll.
8.
Government
6,902,302
(Adamex Securities Corp.).
Note receivable
r
.,2/.—-.
Current receivables
'
Total
.
Amount payable
v
for
.Reserve
*
/
•
v
43,'106,b08
;
iihsics
0
f ($27.82 per
($29.71
in 1948,
167, p. 2357.;
1947.—V.
share), in
1,477,187
flnd
sli&rc)
per
with
Reduction
Air
basis
which
$209,598
BALANCE
were
adjusting for dividends received in 1947 from Central &s
Corp. and Electric Bond <Sz Share Co.
These
later found to be return of capital.
without
NOTE—Computed
regard
securities for the first six
in
15,653,629
2,002,371
14,770,002
2,035,000
1,319,309
1,037,309
Bucyrus-Erie
7'/:7'''7777/777777?777;J7777.7<'.*7/!':'
777
f £ 7
rescrve)—7 1,640^9 7
consolidated-—-—
Co.
desa
.
33,5^.6*^>4
$71,46"?,844
—__i_-
—
.
.
l
■
V
) •»"'
■
U.
S.
and
Canadian
income
;
Reserves
preferred stock
stock
Capital
(no
par)
Guaranty Trust Co. of New York as collateral. ■
V.
There
are
issued
and
outstanding option
warrants
limit, entitling the holders to purchase 19,500 shares of
at a price
15,374,988
10,703,468
10,703,015
13,188,170
surplus
.
19,565,100
15,377,487
surplus
-
$22,201;
payable,
NOTES—On July 1, 1943, $1,000,000
o£<-ca.<h was used to /reduce/the
.j bank lenn due July 1, 1950, from $2,030,CQ0 to $1,000,000. \
.Y
_v; The quoted market value of in^e-uhent:. securities f$3,l03,609) is
based on market quotations at June 30, 1948, and is $3,051,871 more
than
their cost.
Investment securities having a market value of at
least 150%
of the bank loan due July 1, 195Q, are deposited with the:
2,834,338
437,122
437,122
19,636,400
($100 par)
i
$9,796,540; undistributed inveKmenf' income, $1,594,285;. Jess,
net;:losses on securities sold, $6,614,672:. iota.1, $7,164,432;
;
•
$6,407,745
2,815,731
'
/ surplus,1
.30,906.506
6,979,266
taxes
^
^. •„
.
, v
s&cured bank loan/ due
July 1, 1950, $2,000,000; common, ^t-scki W ^ar? value (issued and out¬
standing, 35$,5Q0:: «hares), $355,500; option warrants, $585;: capital
LIABILITIES—Accounts
$67,679,11;!.
$2,350^000i
.
$9,103,609.50), $6,051,738; total, $7,154,432.
1,640.059".'
f
Notes payable to bankS--w.-/,i.^--l-—--_L.^—^
Accounts payable and accruals
;
^
banks,
ties
292,980
.
..
30, 1948
$1,079,561; accounts receivable for securi¬
sold, $22,138; accrued interest purchased, $945/ 'accrued dividend
purchased, $51; investment securities, at cost (quoted market value
10,137,966
U. S. Treasury tax refund claims
Deferred charges and sundry; assets——.———i.,
Investments:
:
■"
on
the
"
^
SHEETrJUNE
realized
$5.20,032
of
1948 and $218,037 in
of
SHEET
$6,769,290
not
profits
to
months
period, in 1947.
.
11,323,925
/ Subsidiaries
61,891
142,200
—
142,200
—
Utilities
West
sales of
is
same
-
$6,031,766
1948—6 Mos.—1947
1948—3 Mos.—1947
Period End. June 30—
"
20,111
$136,146
—
dividends.
tAfter
South
■
Subs.)—
Owned
44,542
provision has been made for Federal income taxes, as the com¬
come.
Approximately
similar
U. S. Treasury tax notes
Receivables (less reserve)
Earned
J;
♦No
Dec. 31, '47
4%
(& Wholly
Co., Inc.
42,797
——
pany has elected to be taxed as a "regulated investment company"
and intends to distribute substantially
all of its net investment in¬
.
1948.
of
or
$4,500,000 less than replacement costs.
♦Common
I
$2.32
%
quarter amounted to $15,653,629,
$14,770,002 at the beginning
carried on a LIFO
LIABILITIES-^^ V
shftics
$248,119
146,490
88,625
17,452
$274,251
20,222
dividends
dividends
this inventory is
m Total
1,375,500
41,097,036
-V $43,705,795; $42,714,588 !
Tota!k
r7>l
8,184
taxes'
income
Preferred
shipments at the current rate.
•jPlxed, Assets
155,000
on
Trust 4%
,
t$199,166
,
—
♦Net
$2,567,595
$1.74
$0.93
misc.
Interest
June 30, *48
W
99,644
.
investments——————
bonds, due March 1, 1948
•Net assets applicable to outstanding cap, shs:
.
$0.95
Inventories
$43,705,795 $42,714,588
——————98,917
tax on unrealized.
income
Federal
appreciation
Collateral
'
$278,695
17,606
12,969
$212,002
62,120
156,420
5,931
BALANCE
,
Reserve for cof
$2,120,070
incl.
;
ASSETS—Cash
32,935,687
1945
$244,669
34,026
$253,947
21,834
20,111
$250,867
12,143
securities
in
income
Common
CONSOLIDATED
for securities purch. (not ree'd)$258,650 ^ ■>.; $4,859
And accruals-^---—
.;,v 86,719
\137,549
Other current
$1;057,151
$1,144,084
ASSETS—
80,555
: ;
35,291,738
A—'
——
LIABILITIES—
Exps.,
1,200,000 7; 1,594,000
651,000
Cash
147,913
_—
Investments (ether than U. S. Govt, obligs.)—-
809,000 .';
share
com.
$2,796,045
6,153,871
175,000
obligations—,—.——
'
•
of
Dec. 31/47
$1,937,281
Dash
i
$4,161,595
and
Inventories at the end of the second |
SHEET
about
4
;
$3,320,070
taxes
S.
1948.
compared
BALANCE
COMPARATIVE
$1,744,064' .$1,708,151
inc.
U.
expenditures totaled $1,464,000 for the quarter ended June
They totaled $3,974,000 for the first six months.
Unfilled orders at June 30, 1948 were $32,450,000,
compared with
$27,355,000 at the beginning of 1948.
These represent about three
"""
$551,426
-
for
reed,
Total
Capital
30,
loss
or
investments)
on
1,067,659
1946
$17&,839
accrued
or
$246,401
7,546
19,47
5,229,254
1,412,574
outstdg. end of period
374,973
50,000
'
"'tU''
(excl.
taxes
4,732,644
534,977
-f Canadian inc. taxes/Net earnings
'
Expenses (incl: int. and taxes other
1
than income taxes)
2,243,123
714,982
inc.
bef.
Provision
1947
1948
2,459,046
received—--
divs.
received
Divs.
taxes
1948
_
Int.
Co.—Earnings-^-
Securities
European
6 Mos. End. June 30—
Cash
amortiz.—
&
and
Earns,
SIX MONTHS ENDED
1948—6 Mos.—1947
$29,204,124 $27,348,718 $57,729,761 $55,041,662
amortiz.
MISCELLANEOUS
-
American
/;
Subsidiaries]
1948—3 Mos.—1947
sales
Deprec.
'
FOR
INSURANCE
-
Earnings before deprec.,
.
EARNINGS
Canadian
[Including
company at June 30.
folio
,
INDUSTRIAL
-
American Brake Shoe Co. (& Subs.)—Earnings—
Report—
stock of the
common
Copy
a
Corporation and Investment News
PUBLIC UTILITY
-
Price 75 Cents
York, N. Y., Monday, August 23, 1948
12,356,805
of $12.50
a
without
time
common
stock
share.—V. 167, p., 1630;.
American Gas & Electric Co. .(&
Period End. June 30—
:
Subs.)—Earnings—#
.1948—.Month—1947
•'
1948—12 Mos.—1947
•
Gross
etc.
returns,
Total
less discts.,
sales,
19,802,275
18,320,856
38,790,458
967.907
815,136
1,906,904
Other
:A".\
income
■
■
Total
«...
$2,712,376
Fed.
$2,540,461
$5,000,967
$4,631,396
212,315
169,630
987,304
C. E. Adams.
$8,500,000 in
v
nection
with
as
amount
of
Federal
■
...
Other
-
In This Issue
$5,120,484
334,499
Stock and Bond
$1,498,647
$3,044,797
2,736.856
2,736,856
New York Stock Exchange
$1.07
$1.11
$0.55
New
Chairman, pointed out that the company had expended
and $13,000,000 in 1947 for capital assets in con-
3946
the
expansion
postwar
He
program.
Baltimore
Boston
dent
depreciation
of
that
extra
the
the
reserves
amount
directors
dividends.
of
such
It
his
was
more
further
Alton &
**.
The'ICC
•
Alton
of
acquisition
erties
&
of
Southern
on
the
existing.—V. 167,
Aug.
properties
by the
the
Southern
St.
of
the
Aluminum
Louis
RR.—V.
&
167,
2245.
.
Stock
Stock
of
"
the
of
the
'
-
of
12 Wks. End.
*
7
Net
sales—
June 12,*48
Stock
Curb
Stock
Exchange
Stock
Exchange
come
7
June 12,'48 June 14,'47
f
:
-
■t
■i
?
-
f
V
common, class
Net profit for .the
the
same
1947 was
period
in
.'
$0.87
$1.97
763,169
.
.
first 24 weeks of 1948 is below that realized during
the
in
the
early
to
the
report,
has resulted from increased costs while selling prices
unchanged since February, 1947. Selling prices recently have
been increased with the approval of the Office of Alien Property*
Department of Justice.
These new prices will be in full effect by
Aug. 1, 1948.—V. 167, p. 1465.
7.7 77'-.V'7V7/*:;77 : 7
20,443,236
357,045
14,639,715
'
1,438,723
17,683,091
14,752,945
net
^
;
1,235,627
5,803,520
2,930,145
1
i
1,438,723
1,235,627
in-
Atlantic
2,930,145
:
m-
net
5,803,520
>
above)
of
City
'*
'
431,063
Total
Exchange
40
325,845
43
Over-the-Counter
745,690
1,764,558
1,981,317
21,872,416
135,075
205,824
2,710,445
2,548,079
!—*
1
'
"
19,161,970
17,586,763
5,803,520
;
income
and
exps.
tions
(parent
deduc•
Markets
'.
1
Consolidated
^26
26
26
earnings
■
?
rystem
for
Consolidated
stock
amount
(12
of
1,579,492
earnings
system
20,134,548
.
per
:
1,775,493
share
months)__^
.
of
•
—
,
$4.27
^::<i
i-.v
*v■
-
"'-'-vF-- i
":v=.
General Corporation & Investment News—Cover
__54
We
The Course of Bank Clearings
Specialize in Orders for Banks and Dealers
45
—
Dividends Declared and Payable
Foreigh Exchange Rates
Combined Condition Statement of Federal
Reserve Banks
„-
46
46
System
' --/V'-
1871
300 North 4th St., St. Louis 2, Missouri
'
"
Members
.New York Stock Exchange
"
Reserve
Established
9
Condition Statement of Member Banks of
Federal
Edward D. Jones & Co.
__46
46
St.
Louis
Stock Exchange
Chicago Stock Exch. *
New
$3.22
income tax has been reduced by $41,480
1943, and by $598,807 for the 12 months June,
Federal
of June,
.
^
^
'
com;
stock
mon
*
,
CO.)
-
.
>
16,068,895 /16,773,639
44
Total
3,361,208
•
,
(par-
co.)
Total
.,
41
1,235,627
American Gas
and Electric Co.
Exchange
1,438,723
—
Income of
.
..
.
Co
ent
Toronto Stock Exchange—Curb Section
an
remained
1,532,672
Redemption Calls and Sinking Fund Notices—46
previous year, notwithstanding net profit in
estimated $160,000 because of a wildcat strike
spring of that year. This unfavorable showing according
reduced by
1,585,197
in-
consol.
40
State and City Bond Offerings——
$2.56
,
■■
Miscellaneous Features
24 Wks. Ended
1,248,169
and
\
& Eiec-
Gas
Electric
♦The
$5,746,366
mon
27,379,479
9,696,387
■■
■"> 116,474
Co.)
nst
(as
come
common
$6,313,940
,
32,358,780
11,915,544
—
*>r
E.
39
Exchange
'
Profit before .income taxes.
440,572 ft-; 979,172
Net' profit after taxes—266,572 l;
596,172
•Net profit per common share (comv
'
v
-
$3,174,759
2,436,877
844,204
1,037,719
stks
Undistributed
38
Corp.—Earnings—
"
287,377
2,622,917
subs,
for the month
American Bemberg
76,784
/
(owned
&
Undistributed
37
Alton
,
':
566,446
Co. and subs, consol.:
37
.
Transactions New York Stock Exchange
Transactions New York Curb Exchange
Stock and Bond Averages'
prop¬
ownership
through stock
645.
of
571,525
31,074
38
Toronto
/
G.
com.
American
38
Montreal
i
15,893
76,917
stks.
on
Undistributed
37
San Francisco
'
control
Exchange
Angeles Stock Exchange
Montreal
"777.77
of
Exchange
St. Louis Stock
and operation'-by. the"
& Ohio River RR., and the
America
Divs.
36
Pittsburgh Stock Exchange
however,
...
92,854
36
Philadelphia Stock Exchange
purchase
Louis
St.
Co.
Ohio
p.
the
and
(net)—
earned
by A.
31
37
/ Los
RR.—Purchase, Etc.—
approved
10
p.
sales
income
com.
27
Exchange
'
company then
27,014,717
work
Ealance
36
Cleveland
that the
evolution of the company's business during the next few years might
f require capital expenditures in excess of the amount of the deprecia;,i lion reserves, in which event it would be necessary to apply another
yardstick; and that in any event each dividend declaration would take
\ into
considerat:on the cash and capital expenditure requirements of
the
(Bonds)
Exchange.
Stock
Stock
Exchange
Exchange
Detroit Stock Exchange
reserves, he was confi¬
favorably the resumption
opinion,
9,657,833
31,220,808
■■
_A5
Cincinnati
depreciation
consider
11,533,713
2,389,909
deductions———
come
and that when normal capital expenditures
would
Stock
Curb
(Stocks)
Chicago Stock Exchange
outstanding indebtedness of $30,500,000 before resuming extra divif' dends.
The Chairman stated that under current conditions the com¬
pany's annual expenditures lor capital assets far exceed the company's
approximate
York
New York
pointed
the company has debentures outstanding in the aggregate
$30,500,000, it would be desirable to finance additional
company's
853,323
2,453,115
income™
Gross
Total
$0.61
975,511
income
Page
capital expenditures out of the company's earnings rather than by the
further borrowing of funds.
He said that, of course, he did not mean
to suggest that it would be the policy of the directors tb pay the entire
annual
Quotations
$2,926,640
2,736.856
outstdg.
$
♦964,103
taxes
jobbing
$1,666,627
997,704
1,175,938
Merchandise
Other
$
10.071,449 136,469,203 113,419,409
4,018,149
56,597,032-43,779,302
830,050 11,092,008
8,864,919
1,084,142
13,508,346
12,352,776
895,873 *12,517,298
11,749,860
tax
income
Operating
1,859,345
1,958,053
2,736,856
>
i
■
■
1.070.874
pan
that
,.
Maintenance
'
$
11,591,163
5,024,729
revenues
Depreciation
taxes
:// Earnings per share—
out
(i
$5,429,045
426,195
$
Operation
489,088
428,078
..
.
'Net income
(no
$2,655,581
__
Common shares
■v.
115.120
$2,949,816
;
—
foreign
income
237.440
J
•
——
expense
and
on
-
operating
1948 and 995,507 shares
1.604,056
J net)
"'"/* 'V't""'" j'
income
Interest
-
f
income
oper.
Subs. Consolidated:
i.
at Dec.
35,808,610
;; Prov. for depreciation—
Net
♦Represented by 955,563 shares at June 30,
31, 1947.—V. 167, p. 2785.
$23,482,558 $22,176,453 $45,698,329 $42,044,062
—
Operating expenses
$71,487,644 $67,679,113
,
Phone
;v
•
Chicago Bd. of Trade
York Curb Exchange Associate
•
CEntral 7600
Bell Teletype
SL 593
1948, as a result of allowable deductions from taxable income for
(1) unamortized debt discount, expense and redemption premium on
long-term debt .retired and (2). for losses on sale of transit property,
portion of these tax allowances equal to the tax reduction has been
in income deductions.
Net income, therefore* has hoti been
by the amount cf this special tax reduction.—V. 168, pp.
245, 641. V
> "*
• :
! Vi"'' '
-■■■'
JUNE 30;-1943
SHEET,
BALANCE
Monday, August 23, 1948
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
(738)
2
;,s;
Associates
'
?
■
ASSETS—Cash, $680,044; receivables, $877,276; investments (book
value)
(the indicated' vaiue of
tire securities owhed; - biasetf? upon
estimated; fair value June 30, 1948, was
$17,105,164,
;
$750,000; dividends payable, $216,033;
reserve
for Federal income taxes, $115,734; reserve for shareholders
(represented by- 66,010 $4.50 cumulative preferred and b'3,911 common
shares
of
no
par
outstanding—alter deducting
treasury shares),
$16,023,278; total, $17,105,164.—V. 160, p. 1146,
.
,
other
A
market
included
$20,497,9131, $15,547,844; total,
effected
.
Corp.—Quarterly Report—
American International
the. common stock of this corporation at
June 30. 1948, was $19.60 per share on the 995,500 shares outstanding
in the hands of the: public.
The corresponding net asset value on
of
value
asset
net
The
bee! 31, 1947
was $18.70
standing.
'
-
.
v;'
.
the 1,000,000 shares then out¬
per -share on
/
..
;
1
INCOME STATEMENT, SIX MONTHS ENDJED JUNE 30
H
..
than
other
for
provision
1946
$336,990
$364,608
84,741
11,000
95,953
11,000
136,513
10,000
$229,986
and
$230,037
$218,095
taxes
interest
loans,
Co., Inc.—Proposed New Financing—
investments)
BALANCE
COMPARATIVE
ASSETS—
*
.
Cash
-
SHEET
June 30.'48
Dec. 31,'47
$932,393
4,000,545
■ ■
71,582
-
$1,074,145
3,999,445
>72,628
-—
—
obligations at current valuer
Current- Receivables
:
•
••
Investments (other than tT. S. Govt, obligations.)at current value
...
L
14,764,782
If.
Government,
S,
1
Total
——1—
/'
LIABILITIES—
$19,769,302 $18,753,272
_
%
,
payable for securs. purch.—not ree'd
current payables and accruals...
.
assets apphc. to 1,000,000 outstdg. shares..
$19,769,302
Total
167,
$3,940
$217,545
30,358
19.521,399
Other
-V.
,
.
Amount
Net
•
13,607,055
41.801
18,707,532
$18,7o3,272
2357.
p.
Machine
American
Co.—Earnings—
Foundry
&
1945
stock
to
'
Ended June 30—
6 Months
Sales, rentals and royalties——
Consolidated net. income__.._
above.—V.
168, p.
—
145.
Corp.—Bond Offering Withdrawn
York,
by
withdrawn.—V.
has been
the issue
first convertible 6%
in March 1948 was not
10-yenr
proposed offering of $295,000
Gordon Graves & Co., New
bonds
effected and
167,
p.
York
New
shares'
of
the
Curb
Net-
corporation,
nounced.-
*
The
company.—V.
has
168,
642.
p.
Operating
Operating
carried
company
;;
first time prepared on the "last-in first-out"
method of valuing inventories, commonly known as the Lifo method.
The following table shows the results determined ion the Lifo basis
as
compared with the figures previously reported for prior years and
for tlic past year calculated oil the old basis:
for
presented
income
to
Previously
Reported
expense
kwh., or 10.7%
12, 1948 the System inputs of subsidiaries
to 240,700,000 kwh., an increase of 23,267,the corresponding week of last year.—V. 168,
I
13,116,431
9,585,031
1943
2,623,066
relatively small differences in
Gross
net
Salps,
sales,
Federal
4,347,668
7,359,901
7,634.116'
5,548,837
4,952,083
the eight years
net earnings for
1
"
2,780,9)8
139,378,180
139,163,573
visT'V.
.»
*;'*>
!'■*';" '
nc, \'
Operating
^
oper.
17,242,032 115,169,201
48,847
401,092
19,138,836
78,44^
revenues
Uncollectible
rev-
and
accounts
833,733
921,295
—
arid
sold
selling
126,285,915
Oper. revenues.
19,060,391
12,422,543
2,910,261
_
17,193,185 114,768,109
13,319,099
_
Operating expenses
Operating taxes
2,303,344
_
78,813,919
17,450,188
914:133
990,587
depreciation—Z
•
8.4.34,757
—...
'1
12,497,269
180,466
3,541,111
12,677,735
3,440,567
4,343,300
5,100,544
7,334,435
134,105
200,317
4,966,439
Total
Federal
income
taxes:
applicable
Net
96,749,906
70,714,070
14,045,473
income
Loss
on
sale
of
from
of
minority interest in
& Taylor
to
Lord
estate,
etc.
$4,565,012 $14,537,964 $13,314,202
254,281
784,056
872,731
14,353
(net)
99,917
$154,364
$484,056
$546,814
$0.39
S0.34
$1.08
$1.22
taxes
share
to date the company has expended more than $2,000,000
Funds for this purpose were provided both from
from lodns made under the $2,500,000
in December, 1947.—V. 167, p. 1918.
and
capital
2,467,298
18,504,002
35,598,261 100,575,419
2,831,031
Net oper,
income
after charges
.
50,807,253
11,990,363
80,284,182
Net
168,
—V.
the
and
Sept.
each
cents
50
168,
437.
p.
1946
1945
$0.96
S1.02
July 22 declared an extra dividend of 25 cents per
regular'quarterly dividend of 50 cents per share, both
4 to stockholders of record Aug. 13.
Distributions ol
were made on March 6 and June 5. last.
Payments in
1947
$1,74
per
share.
reported that, in his judgment, the earn¬
the calendar year 1948 will be substantially more than they
1947. and that, it is quite probable that the directors
feel it advisable to declare another extra dividend in the- last
for
ings
were
the year
in
quarter of the year, provided
there are
arising, internationally or otherwise, which
safeguard its cash.—V.
to
1948—3 Mos.—1947
Total
State
8,767,149
28,314,442
16,188,498
$15,624,491;
103,098
.243.443
203,649
136,478;
54,906
Dr5,041
54,906
325,291
$2,340,879;
8,835,206
15,606.628
profit
28.612,791
16,717,438
510,900
239,200
939,879
445,300
6,524.650
3,951,100
12.044,388
7,566,337
8,571,078
4,674,906
15,628.524
8,705.801
$4.05
$2.14
$7.35
$3.96
taxes
taxes...
Net profit
per
share
com.
and
marketable
Accounts' receivable
accrued
:
_
_.
...
Rights, patents and processes, at amorfzed cost
Land, bldgs. and equipment, less res. for deprec.
Total
—
payable Jan. 7, 1948.
Accounts payable
'
Accrued wages, vacation pay and
Estimated Federal and State- taxes
Earned surplus
segregated
as
27,558,513
176,753
1,269,431
675;556
1,228,090
1,333,465
91,185,515
88,156,132
(£)r)
misc.
taxes..
income
on
6,493,305
general reserve..
Associated
12,021,337
21,764.597
51,902,656
12.441,618
42,000,000
42,000,000
66,521,166
53.521,314
1948'%
•
>1947
1945
$396,053
$367,043
29,063
32,519
33,049
i.—__:
expenses..
Federal
■
S549.622
$481,134
$428,572
stock
3,142
2,514
2,895
40.884
42.97?
26,553
22,241
29,041
15,231
,fiiI*90,36G
24,341
20,820
21,755
$394,892
$390,526
$333,226
$333,659
6,234
■
42,172
15,953
-
and
.
State taxes.
; tNet
earned
Telephone Co.,
Ltd.—Preferred Stock Of-
the
same
time
the
company
is
offering
an
the
income.-_v.__
♦Including capital gams.
tNot including gains .or losses.on' sales of
(gam in 1948, $83,767; $176,517 in 1947).
•-
securities
$3,7^2,608
391.500
$10.77
$1,617,354
$9.44
391,500
$4.64
Co.—New Bifocal Lens Plant
company's
production at
new
bifocal lens plant was an¬
its
18;
four-story, T-shaped plant, said to be the
in the world, is equipped throughout with
new
kind
of
lens
making
years to
machines,
and
processes
many
of
develop.
at the plant which also produces
recting faulty near, intermediate, and distant
that previously attained, Theodore B. Drescher
-
x
most modern
radically new
which took several
Capacity
trifocal lenses for cor¬
vision, is nearly double
stated.—V. 167, p. 2570.
Corp.—Earnings—
Aircraft
Beech
RESULTS
FOR
NINE MONTHS ENDED JUNE
30, 1948
$18,184,626
_^._1
sales
Net
Net profit after
income taxes;
*868:800
—
———
Earnings per share on 400.000 shares
$2il7
of $1 par capital stk._
with a loss of $1,562,350 after tax carryback credit
in
(iie first nine months of the previous fiscal year, when earnings
were still affected by expenses of
reconversion and peacetime develop¬
"This
ment of
of
its
compares
new
designs.
company
began operating in the
yriar.
black again in the first quarter
current" fiscal
sheet
Balance
419,022
and
include
cash
as
of
total current
$4,803,186,
of
tories $4,351,090.
shews total current assets of $10,liabilities of $4,733,407.
Current assets
account* receivable $1,021,188 alrcl inven¬
'
• • 1' 1'
June
30
According to Walter II. Beech, President, volume, is currently run¬
at a rate of over $2,000,000 a month, with about 54,% of sales
represented by commercial sales, domestic and foreign,
of which
spare
parts accounted' for about 15%.
Export' sales; in the- nine
months were-over 28% of total commercial volume.
Military conning
traets represented, about 46%
year.—V. 168, p, 438.
jf volume attained thus
far in the fiscal
company
series.
Aug. 16, 1948; the company sold 75,000 shares of common stock
to General Telephone Corp., its parent company, at par for $1,500,000. f
The common shares outstanding: including this issue, total 583,854
shades.
An additional 10,000 common shares
have-been authorized'
for issuance and sale to that corporation on or before Decr\31, 1949.
$400,097
v
The
will have out¬
standing 310,000 sham of cumulative preferred stock ($20 par) 5%
1947
series,
together with 280,312 shares of: cumulative preferred
1945
$452,071
72,783
income
Prov-,: for
stock, $1,056,605;
p. 643.,
168,
Bell
Telephone Co. of Pennsylvania- -Earnings—
period End. June 20e-
($20 par), 4'/z%
On
Interest
Other
common
tion with the sale of these shares.
At the conclusion of this financing
$476,833
►
in on
$66,731,974.—V.
additional 10,000
shares of such preferred stock to its employees and. to employees of
a
subsidiary, San Joaquin Associated Telephone Co., under an em¬
ployees' stock purchase plan. Price to the employees is $20.25 a share,
and there are' no underwriting discounts or commissions in
connec¬
At
213,141,458 "201,188,322
6 Mos. End. June 30—'
paid
total,
ferred—-Paine, Webber, Jackson & Curtis; Stone $ Web¬
ster Securities Gorp. and Mitchum, Tully & Cd; on Aug.
17 offered to the public 75,000 shares of 5% cumulative
preferred stock, 1947 series (par $20) at $21.25 per share.
5,488,946
26.166.050
642.
Interest
surplus
$28,783,706;
391,500
1804.
p.
scale
Full
Treasury savings notes,
$518,840;
1
share—...
nounced; Aug.
(after:deducting $2,90.9,-
including accrued interest), $749,085;
2%
notes eayabie (maturing $350,000 per annum, May 1, 1949-1955,
and
$1,550,000 on
May
1,
1356), $4,000,000;
minority interest; in
capital stocks of Lord & Taylor, $1,108,637; 6% first preferred stock
(par $100), $13,436,400; 7% second preferred stock (par $100), $5,690,100; common stock (oar $1), $1,275,600; treasury stock (par; value of
5,160 shares, of first preferred and 2,840 shares of" common stock),
213,141,458 201,188,322
300,000
in Full Production—
creditors, etc., $7,484,537;
31, $807,291!; accrued expenses,
251,510
after Jan.
payable
'
trade
040 U. S.
Amoskeag Co.—Earnings—-
Salaries
payable,
15,912,708
7,616.663
____________
Income—dividends
overpayments
not
18,541^794
51,902,656
a
of
$113,220;
declared,
167,
common
Bausch & Lomb Optical
The
'
Totnl
Total
subsidiary
LIABILITIES—Accounts
dividends
2,047,854
__
surplus
p.
State
(consisting
$2,858,853; provision for Federal income taxes
.•
surplus
168,
and
method
67,375,195
12,441,618
Capital ''stock-
—V.
in
reserve),
surplus,
Dividend
%
Lifo
Dec. 31, '47
LIABILITIES—
Earned
Federal
the
28,704,675
interest-.—_
Prepaid insur. premiums & other deferred items
Other assets and investments..
Capital
in
of
—V.
300,000
$4,299,990
per
be
71,960,443
securities
and
Inventories:*—
.
use
to
June 30, '48
$
Cash
reduction
the
2,955,575
.
—
outstanding
shares
Earnings
first-out cost, $13,sundry stocks, at cost,
taxes on income "as a
consolidated, $2,001,000; other investments
land, $6,493,443; buildings and improvements
(after allowance lor depreciation of $5,967,806), $8,066,570;*? fixtures
and equipment (alter allowance for depreciation of $2,237,459), $4,043,693;
prepaid expenses and insurance deposits, $1,235,206; leasehold
purchased, less amortization, $1-58,172; total, $S6,731;974.
BALANCE SHEET
CONSOLIDATED
of
$2,789,000
(less
2,047,854 shares.
ASSETS—
taxes—
last-in,
at
merchandise in transit, workroom and
claimed for years ended up to and inclusive of
Jan. 31, 1947, and reduction of $473,000 for the year ended "Jan. 31,
1948), $3,262,000; notes receivable from executives, $971,645; invest¬
of
3,101,064
1,283,700
6,894,408
2,801,500
7,555,565
income
Net
1948
126,583
inventories
$34,840,685 $30,150,589 $19,511,476
.
$5.07
JAN. 31,
15,425,139
ment
"On
$2.97
i
BALANCE SHEET,
operations
income
"Earned
for contingencies
94,016,919
Federal income
J:
income
Reserve
116,446,124
result
vi
Federal
Common
departmental
coming...
398,076
ASSETS—Demand
$
and
1,969,355
48,346,749
earned
taxes
before
398,076
60,482,250
income
Other
share
common
CONSOLIDATED
sa!es
Net
June 14/47 June 15/46
June 12/48
.
2,036.263
stock—
stock
deposits in banks and cash on hand, $7,282,177;
accounts receivable (after allowance for doubtful accounts-of $593,827),
from
Interest
per
Profit
:
sales
Income
second. preferred
common
1948—6 Mos.—1947
$
Net
on
on
on
774,720
Subs.)—Earnings—
(&
Co.
Bates Manufacturing
7,634,118
no unforeseen conditions
would require the company
168, p. 342.
7— 7 —
774,720
stock
declared
Earnings
Corp.—Earnings-
American Viscose
Period End. June 30—•
first
preferred
declared
Dividends
Dividends declared
—V.
Etc.—
$3.03
Dunn, President,
A.
income
approximately $21,500,000.
on
$1.55
totaled
1947
were
1948
30—
snare
per
payable
1948
Oil Co.—Earnings,
directors
share
30,
June
246.
p.
6 Mos. End. June
The
1C47.
to $483,655 in
Barnsdall
Earnings
for estimated Federal
1 Loss.
iiNot available.
Provision
end' charges.
taxes
§ '
:j$82,132
Nil
789,123
$0.40
1,216,110
$0.61
profit
taxes amounted
1946
1948
1947
$24,535,680 $18,500,000
30
June
Earnings per capital share
4,952,086
income for year
Dividends
long-term
Subs.)—Earnings—
(&
Steel Corp.
Ended
24 Weeks Ended—
Net
325,917
300,000 ;
111,000
$175,231
per
Months
tNet
7,634,118
cap¬
*
operations
real
36 Weeks Ended
June 7/47
June 5.'43
June 7,'47
286,231
before taxes
Barium
will
Balance
stocks
of America—Earnings—
12-Wks Ended-—-
year
working
115,375
190,614
106,354
securities
from
Co.
Canteens.
new
James
ital
$549,033
bank credit established
140,0(^3,30.)
101,6,74
Amount
$111,600
income
the
In
for
general
epad
144,0?5 %
97,028,334
278,428
$222,901
.
Unfilled orders, as of
130,567,631
for
35/786
$109,714
Sales
140,299,475
Provision
256,692
18,773
Canteen
income
Farmings
$
Expenses of p: rent company
1948—6 Mos.—1947
$
$
1948—Month—1947
Period End. June 30—
97,958
17,943
$4,499,415
Net
6
2.918,759
departments
leased departments, carrying
income
168,456
9,855
.
income
Net
1947
Interest
Co.—Earnings—
$841,516
73,893
4,217,741
Total
fe
Dr 12,277
$228,330
June 5,'48
from
g.'fnis
88.192
$409,300
taxes.-
Automatic
ACCOUNT FOR YEARS ENDED JAN. 31
charges on deferred payment
miscellaneous revenue..
"of
Drl8,947
Periods—
2,430,541
142.296.U39 141,950,974
own
Drl8,208
146.
p.
tAfter
Net
50,445
$853,793
interest
profit
2,936,035
3,237,908
departments
Commissions
32,279
$140,133
$193,461
income
168.
2,231,820
sales
leased
24,751
$428,247
profit
for
2,503,976
are
CONSOLIDATED INCOME
Interest
& Telegraph
$904,239
13,122
3,421,063
accounted for in part by the fact that the-reserves
for merchandise and contingencies set up during these years, which
were not deductible for! tax purposes, are deemed unnecessary with the
inventories carried on the Lifo basis.
Balance
American Telephone
$172,417
$211,670
(netil
profit
3,110,491
13,404,056
12,677,735
8,541,111
13,974,706
1946—.
642.
160,686
$452,997
__—_
operating profit..
Other
9,534,555
11,075.130
9,'856,681
11.689,038
Provision
Aug.
over
102,385
$224,792
r
Sales
6,Goo,035
1943....
Net
5,382,989
5,952,85.3
5,210,762
shown
Interest
—V.
Surplus
Previously.
On 1
Reported • LIFO Basis
$2,312,465
$2,401,523
On
LIFO Basis
$3,375,499
expenses,
this company amounted
000
p.
week ended
the
For
of
$70,032
76,992
As
$3,205,820
The
income
Net
Transferred
Interest and
As
.
American
$376,005
49,352
Net Income
—Special Charges—
1947
Gross
Minority
Federal
Taxes, Minority
cost
'%
,
■
Power & JLight Co.—Weekly Input—
S743;553
$175,439
(net)
cargo
/
1948—6 Mos.—1947
$7,304,075 $11,246,182 $13,177,390
6,928,070
11,176,149 12,433,837
1948—3 Mos.—1947
$5,909,725
5,734,286
—.—
expense
income
Prov.
Income Before
1942—
■
*$77,710
Indies Steamship Lines (& Subs.)
the
1941
than 2,200 passengers, 375,000 pounds of
more
44,003
...
2246.
p.
Nets operating, revenue
Other
Corp.—Annual Report—
reports for the fiscal year ended Jan. 31y 1943,
financial
Consolidated
including foodstuffs, medical supplies and industrial equipment,
and 30,000 pounds of air,,mail between the two cities.—V. 168, p. 145.
*$33,707
,
'
Total
the only American flag carrier operating into
Berlin, set new commercial records during July for passengers, cargo
and air mail flown .through the air corridor between Frankfurt and
Berlin,'Harold R. Harris, Vice-President .and General Manager, an¬
This
167,
Atlantic Gulf & West
$
Airlines, Inc;—New Records—
Overseas
1947
4
$55,-821
profit,...
"Loss.—V.
1948
American
depreciation
for
Period End. June 30—
Co.—Listing Authorized^
Exchange
Associated Dry Goods
1465.
profit before cnargcs
Reserves
•
approved the listing of 300,000
additional shares ($1 par) common stock issuable in conversion of a
similar number of outstanding $1.20
cumulative convert.ble preferred
The
are
1948
$84,089
28,268
3 Months Ended July 31—
Net
—Earnings—
above
American Machinery
The
—
..
Co.—Earnings—
Fisheries
Coast
recently
company
Year Ended Jan. 31—
V 1948
1947
$13,638,987 $12,515,880
1:051,573
781,893
Dividends on preferred stock
156,000
156,000
Net income .to common stock
895,573
625,893
Earned per common: share—
—
$0.89
$0.62
"Equity in undistributed net income
152,790
27,443
."Of affiliate International Cigar
Machinery Co. not included in
?
.
increased, its bank loan to $2,200,000 from
$1,200,000 with Valley National Bank. Phoenix and r.arr.s Trust Si
Savings. Bank,/Chicago.—V."T66, p. 265.7..y
The
2358.
p.
)
consideration the sale'of'$300,000
to have under
stockholders-
'said
also
is
167,
Atlantic
is understood, is negotiating w.th an insurance
company for the sale of $1,000,000 3V'a%
Bonds and w.th three other
insurance companies for; the sale of $1,500,000 4%. debentures.
Com¬
Ashland Oil & Refining
(excl. gain or loss in
Net income
V.
company, .it
common
taxes
ihconie taxes)
Federal income
(incl.
Expenses
1947
$325,726
-
—
or
Edison
Arizona
The
pany
1948
income.
Total
quotations
LIABILITIES—Bank
President—
Go.—New
Investment
M. Morris, ■ Chairman of the board, has assumed a dual role in
the company's management, with his election as President at a meet¬
ing of. the beard of directors on Aug. 16. He succeeds F. W. Van
Antwerp, President since 1946,- whose resignation was accented by the
directors. Mr: Morris founded the company* in 1918 and has served
ar.
either President or board Chairman ever since.—V.
168, P. 542,
E.
Proceeds from the .sale of the above preferred and common shares
will be used by Associated Telephone in part for the construction, com- f
pletion, extension and improvement of its facilities, and in part; tof
reimburse the treasury" for expenditures already made for such pur-'
poses,
and for liquidation of short-term bank loans also incurred
for such expenditures.—V. 168, p. 437.
1948—Month—1947
1948—6 Mos.—1947
*■
$-
revenues.— $12,833,162
Uncollectible oper. rev.. '
19,295
$11,543,823 $75,945,282 $67,667,790
21,104
139,775
113,173
Operating revenues—. $12,813,887
$11,522,719 $75,805,56.7 $67,554,617
8,874,251; 60,253,809. 51,452,295
1,031,7.15
6,396,232
6,516,563
Operating
Operating expenses
Operating taxes
10,335,816
1,027,714
income
chnr'ges
$1:450,.337
$1,616,753
1,046,557
1,185,190
.
Net oper.
NPt
after
—V. 168, p.
342.
$9,155,466
6,724,564
$9,585,759
7,066,923
.
Volume
Belmont
THE "COMMERCIAL
"Number 4727
168
company.
group
a
order of thr
will
(par
$5'
Fh ladelphia,
and Corn Exchange
registrar.
'
as
BUSINESS—The. company
!of s-ruc:ural
steel.
Its
work
fabricat.on
1936-1941.
*
engaged- in' tne
is
the
of
con&.sts
of
companies,
which
Atlantic
cutt ng,
oytside
the
the
company's
has
centered
of
trade.
the
of
the
has
the
East.
near
most
States
At
areas;
the
in
throughout
greatest
The
United
Caribbean
work
Work
volume
been,
present'
The
world,
outside
Net
yealr.
...
-On
ill
15.-1948,
extra
an
work
central
has
shares
be
to
directois
declared
dividend
of
the
underwriters
each
are
as
names
purchased
bv
&
&
Co.,
Co.,
Bioren
&
Butcher
Coffin,
Inc...
M.
Freeman
&
Sher.dan
5,000
Betz &
Suilivan...
abandoned
of
'
—
net
31—
1943,
and
without
funds
volume.
available
in
from
the
Street
Broad
(& Subs.)
7
1947
$7,833,900
capital
resulting
earn'ngs,
States
-
Corp.
1948
date in
was
1947.
payable and ho preferred
5,601,240
income..
Total
$9,980,904
the
to
Period End. June 30
Total
oper.
Bogan
Paul
Gfenerai
$177,512
$145,332
$142,594
26,210
26,038
21,123
8151,302
170,451
$118,493
128,793
$3,200,000
•
income
rper.
TV"
1948—12 MOS—1947
$9,107,028
$8,022,14-5
143,457
651,164
893,250
4,186,042
3,339,087
225,380
908,305
832,526
681,807
taxes.__
177,020
195,050
224,221
1,019,965
$462,913
$462,930
(net)"..
income.
32,590
$495,359
etc.,
deductions...
897,312 'MP.--
:
$1,749,962;
32,429
$495,503
........
631,183
-■
591,590
255,061
revenue...
income
Int.,
Subs.)—Earnings—
219,507
taxes_i___^_
Gross
•
Consolidated)
$2/144,317
175,557
notes
no
1.04V,782
depreciation...
Other
$121,472
109,074
,
cash
its
on
than
more
compared with $25,056,212
(&
Not
$2,337,640
■
for
Net
142,17.9
$145,332
28,193
etc.:_
expenses,
production
draw
to
of
1948—3 Mos—1947
--
revenues___
Operatfon
Other
$177,512
$221,165
also
as
Tower Co.
Maintenance
$415
217,515'
_
but
extent
$27,884,951,
1945
1946
1947
$3,650
income.
unit
record
The company had no funded debt,
stock outstanding—V. 167, p. 2570.
California Electric
$2,232/360
Earnings—
1943
for
its policy of financing this program
the company had not only to use
(Mexican Subsidiaries
Investing
income
debt,
current
United
June 30,
on
the same
on
-
.
$2,249,846
—
6 Mos. End. June 30—
Dividend
with
out
carry
'
subs'dlaries- during
foreign
first half of 1947..
1948, Burroughs continued its expan-
program
To
long-term
of
$749,485
the" Burroughs Adding
Machine Company were
on June 30, 1948, as compared with $37,568,794 on June 30,
194?,: ..Current inabilities totalled $18,743,202, as compared with $12,512,582 last year.
Because of the expansion of operations, working
Fecierol
per
with
since June 30, 1947.
Current
assets of
-
revenue
earnings
first s x months of
improvement
resources
were
compared
as
incurring
11,566,117
/
securities available in U. S. (June 30)
of
$1.32
2,657.382
$0.53
-6.330,506
share,-
per
and. sales
The
->
:
$4G,628,153
$10,676,214
revenue
*
1947
6,604,781
which .$1,024,869
ha'.f
s'on
1
depletion,
estimated
from
May
cor¬
Ti
$50,161,209 $31,039,595
earnings
Earned
'
-
other
and
1948
income
Net
Cash and
167, p. 2570.
-
debentures
6 Months Ended June 30—
$0.33
;
fund
r
Prov.
number
Co], Inc.
Co., Inc.
Thayer, Baker &
5,000
.
sinking
follows:
6;000
Sherrerd.
3
ail charges, including
wells and leaseholds, and
5%
purposes.
Total
111,461
280,370
$0.82_
'
Burroughs Adding Machine Co. (& Subs.)—Earnings—
1
operating" results as* shown in dollars are taken at
average rates of exchange. All figures are subject to final adjustment
when the-annual accounts are made up.—V. 168, p. 147.
Shares
M.
presently, outstanding
porate
$722,831
$1,040,023
i
-
With
on Aug. 11 filed a letter of notification with the SEC
sinking iund 5'% debentures due Aug. 1, 1958.
Under¬
Securities Corp.
Proceeds will be used to redeem $90,000
City
During the
1947
1948
'
?*i-*V<sV.f-W';/r//,y'V.V. V
\
v
company
!?Of
after, deducting
is
taxes.—V.
Aggregate- net
No. of
13,710
Inc..:
Co
&
0.89
'
$300,000
of
investment
May—
1 ..to
Jan.
Interest
the
for
/
i.—
<
(Estimated
1, 1948.
and
The
1
;
and
50'c
of
Shares
Burr
3.340.340
1.37
"
342.
.
■
...
*
1948
operation
$8,372,395
Operating expenses, estimated depreciation,
'amortization, capital and-other-charges-6,122,549
v
regular
a
/.
■.
earnings
NOTE:
No. of
•Stroud
5,115.943
share
common
p.
SEC—
of the new
for a pericd
time of the
Brazilian Traction-, Light & Power Co., Ltd.
erected
been
-
Month-of
Gross
also
America,
v.?,j
.
cost
.ncome
i
.
Europe.
dividend of 50c per share paid July
UNDERWRITERS—The
of
per
168,
Buhner Fertilizer Co., Inc., Seymour, Ind.—Files
.
Co.—Earnings—
profit
depreciation,
"
.
June
92.477.707
'
applied toward continued plant
capital " which
the company
be
share
per
net
Federal
concentration
a
terms
is negotiating
-
prolit
The
DIVIDENDS—Dividends have been paid each year since 1936.
Iii
3947 total diu dends paid on the common stock amounted to $4
per
share, and dividends of 50c each were maid in Jan. and April of this
sha're and
Earned
—V.
working
;
profit
Net
installation
for
is
and
area
Latin
to
there
company's
except
work
of-
sent
time
this
of
c
.
income
Gross
m'ddie
the
in
other
6 Months Ended June 30—
petroleum
activities
increasing amount of
the. export
of
and
and
1947
$
Net earnings
...
production rate of $100,000,000 a year is
annual average for the six-year periods
pre-war
Bishop Oil
-
from New York to South Carolina, along' the Atlant'c
covering
an
area
of
about
200
miles
inland.. There is,
an
30—
108,986.714
first
states,
seaboard,
however,
in
of
part
Earnings
1948
'
with P. S. Moseley & Co.,
bankers, in connection with the financing.—V. 168, p. 42.
companies, for the
the company has furnished structural steel frameworks
towers and
refining installations.
Geographically, the
cracking
greatest
chemical
will
additional
current
its
The. company
fabrication -and- erec¬
r
financing
and
,the
times
three
.
for
Cto
gaits
new
rate,-
the
of
loqUircc since
>
ldst
Budd
6 Mos. End. June
writer,
meeting,;Mr. -Wise stated?
Proceeds
punching, bending, drilling and assembling of structural steel plates,
shapes, a.id angles.
Its erection work consists of the installation or
construction of such fabricated pieces into steel frame buildings, sky¬
scrapers, bridges, steel floorings for indsutrial plants, bridge roadways,
furnaces,
gantry
cranos,
scaffoldings,
power
hou es, boiler houses,
repair and construction devices.
Company, performs various functions
with regard to these structures.
Except dur.ng the war periods, the principal customers of the
company
have been
industrial
concerns
of
many
kinds, railroads;
ut'lty
r$-
stock,
common,
preferred.
conversion rate,
the
to
modernization
Provident Trust Co. of Phila¬
Nat.onal Bank & Trust
designated
Company has recently
delphia as transfer agent,
public
in
voted
i-"";''
outstanding
dividend
September
158,584 shs.
20O.OO0 shs.
'
;
'toJ'al
senior
be
The
Outstanding
Authorized
tion
be
preferred stick, which will be convertible Into common
of
approximately 10 year's, will be determined -at the
company.
CAPITALIZATION
Co.,
is
ccmpahy has outstanding 621,218 shares of common stock and
shares of non-callable 6% preferred stock, the latter of which
.The.
26,403
Co.,
stock
stock
•
steel.
Common
of
appears likely that
favor of the proposal
approximately 64%
has
vdted ih favor of the proposal: Of the preferred, approximately. 63%
has been recorded in favor. Proxies opposing the amendment amounted
t j less than 1 % % of the common stock and 1% of the preferred. ;■
has a wholly owned and controlled subsidiary, Bel 1'On
which was incorporated on April 26, 1932, in Dela¬
ware.
Beliron's " operations
are
generally limited to the erect'on of
structural steel in Maryland, Virginia, New York and Massachusetts,
upon
class
be; increased.
the
iO.
company
on
each
3
(739)
that it
permit
would
~
HISTORY—Company, a Pennsylvania corporation, has been in ex:sunder its present name since July 6, 1897, and since that time
hps been engaged in the fabrication and erection of divers types of
The
of
stated
adoption ;of the prugram at the'September meeting. In
response ,o a question, he said that upon completion of the proposed
fin ncing it was contemplated that the dividend rate on the common
to
tence
structural
66%%
.Janies DeCamp Wise, President,
EUifiCieht additional shores would
■
Construct
Of
vote
CHRONICLE
quired .for the proposed action.
which on
Aug. 17 offered 36,210 shares ($5 par) common stock at
$25 per share. The stock was offered on behalf of cer¬
tain stockholders and no proceeds will accrue to the
& Co., Inc., headed
1S48.-* The favorable
13,
Stock
Philadelphia— Common
Works,
Iron
Offered—Stroud
FINANCIAL
&
$1,640,253
127,218 -' /
'
$1,877,180
176,567
$1,816,820
123,438
165,016
469,558
453,947
$372,065
$390,243
$1,407,622
$1,362,373
2,000
Dividends
1.500
Co
1,00J
period
$192,972
'
203,483
paid.
Net
investment
income
■"includes
corporation
/The
2,000
for
inc.
"Net
&
his determined to elect to be taxed as a regulated
company and; as such should have no liability lor Federal
dividends
from
Uncclisoiidated
Mexican
subsidiaries
in
r.
,
the'f^T.'-
fcliowing- amounts: Quarter ended June 30, 1948, $30,000; quarter ended V
June 30, 1947, $>'0,002; year ended June 30, 1948, $119,264; year ended
:
.
Dec. 1,'47 to
'Period—
Net
sales
Cbst
of
STATEMENT
Year's Ended Nov. 30
Apr. 30.'48
1947
1946
$2,849,733
$6,021,840
$4,738,914
4.543,506
3,410,322
3,123,798
$851,157
$2,078,333
$1,328,591
$1,066;163
117,499
152,127
590,067
469,474
415,599
production:—
ASSETS
OF
1945^
June
receivable.
profit
Profit, surplus materials
Selling and admin, exps.
259,909
*
"
Operat'ng
Other
profit
$708,747
*Total
Other
$1,640,393
$859,117
$650,569
715
10,754
8,513
"31,010
$709,463
income
$1,651,147
$867,631
$631,585
....
income
.:
expenses
LIABILITIES—Accounts
accrued
12,826
27,870
44,823
$1,638,321
8839,760
$636,761
Kujlr.t
1
*
U
accrued "taxes,
$5,555;
dividends payable, $1,810; net
payable-,
$19,995;
unclaimed
$4"; 1:0;
expenses,
assets applicable
outstanding shares of capita stock (equivshare), $10,011,412; total, $10,242,'961. i
there were 2,852 holders of record of
the capita' stock cf this corporation, compared wichj 2,600 at the end
of 19^7.
During this same no'-iod
outstanding shares increased
irom
532,496 to 584,672—V. 167, p. 2463.
of
30,
June
1948,
Tower Co.—-Earnings Higher-
Period Ended June 30,1948—
-
■
1
"An. increase
13%
over
months
and
V.
ended
electricity
Jynp
30,
643.
P.
California
residential
Income
:
$709,463
from
saies
754
Total
income
income
cess
$709,4b3
"and
profits
State
taxes
259.047
$657,929
473,351
336,305
27,356
profit
Dividends paid
61,494
31,507
23,303
$991,927
$472,702
$161,274
279,093
123; 114
158,584
634.336
438.
p.
5,975,437
688,852
456,496
681,526
1.450,449
1,282,671
422,468
899,365
at
an
Service
' 1,029,433
920,595
2,132,779
1,894,816
denreciation..
Federal
taxe/..
.
...
taxes.52,200
income
Cr49,200
52,200
66,600
$941,990
$296,862
$805,373
$847,821-
Operating, income-
2,730
1,128
Dr3,462
$297,990
$801,911
$350,551
728,398
682,519
Dr 1,545
ineti—_
income
Other
'
"
Bendix Home
Net
1948—3 Mos.—1947
sales...
Net prolit
after
p.
167,
$3L',454;084
tax
900,550
2,565,201
2,559 302
5,011'^54
share
per
—V.
$29,819,133
$0.85
$2.45
$2.43
$4.79
Aug.
on
13
covering 1,512,660 shares
shares, wi 1 be offered to
215,110
shares
share
will
and
(10c
the
to
go
filed
letter
a
par)
the
of
notification with
common
public,
underwriter.
the
stdCk, of which
222,000
shares
The
to
offering
price
SEC
and
is
10c
the
underwriter is John G. Perry & Co.
Proceeds will
purchase of building, and machinery, balance for
wonting capital—V. 168„ p. 342.
•
per
be
used
for
the
.
"B/G
Foods Inc.
(&
' " Based
Other
Cost
of
$3,057,963
$3,520,879
1,458,116
$3,072,521
1,531,141
i,364,605
345,142
247,121
73,184
and
-Net
$113,296
other
taxes
$111,531
123,047
and
.!
amort
income
1
shares
outstanding
per common share.
Earnings
June
at- Dec.
1,271,023
$0.92
18,
1948, working capital deficit stood
1947, it was $257,168.
31,
at
$0.90
$175,612
whereas
tile $200,000
bank loan,
reducing the amount
now
due oh
that
loan
erties
the
have
year.
$179,700
*
Secured
by chattel
mortgages on Dinsmore & Co., Inc., prop¬
reduced by approximately $10;000 since'the first of
been
Debentures outstanding are now $144,200 as compared
outstanding at Dec. 31,. 1947—V, 167,.p., 1.919..
"
ferred
-A
with
,
Bigelow-Sanford
Issue
special
Carpet
Co.,
Inc.—Action
Pre¬
on
of the
stockholders
at
which
holders
of
approx¬
imately 64%
stock
of the present preferred stock and 66% of" the common
represented, held" AUg, 16 for action' upon the company's
$6:000,000
financing program providing
for; issuance of
were
proposed
cumulative
convertible
second
preferred
£ The Commercial and Financial
the
are
and six
to
excess
the
incurred
stock,
-Earnings
Subs.)
(&
Co.
Brunswick-Balke-Collencler
was
adjourned to
Sept.
1948
1937
$12,055,377
$12,082,729
4,442,736
3,053,365
3,784,003
3,385,403
$658,733
Balance
143,358
82,637
"■
•
sales
profit
sales
on
Balance
Miscellaneous
administrative
and
Selling," general
expenses..
...
Federal
N:t
Net
Preferred
.
$502,091
$329,598
66.437
66,703
225.000
225,000
$0.96
1
Dividends
—V.
ASSETS--Cash,
$1,211,221/
notes
JUNE
SHEET,
BALANCE
-
accounts
and
30,
1948
losses
(at
the
preferred
unearned
and
lower
interest
of .approximate
of
cost
receivable
(after
$973,9031,
or
and ac¬
crued expenses, $1,411,013; customers' deposits, $964,252; accrued Fede-9.1 income taxes, $977,438; $5 preferred stock,
without par value
(authorized and issued, 26,469 shares), $2,646,900; common, stock,
without/ nom'nal,,or par -value
(issued/ 450,000 •shares),, $4,500,000;
ccbital: .%rp!us; $4.03ii,799; earned surplus5lncel932,$8,781,426/ total,
$26,319.860.—V. 167,; p. "2463. "
*
*
;
"
'
payable;
$3,000,000;
443,097
965.01R
$675,724
on
$648,334
$554,695
stock
152,903
152,903
178,386
$522,821
167, p.
$495,432
$3Vf>,310
248.
Administration Co., Ltd.
6 Mos. End. June 30—
•Earnings—
1948
1947
Interest
$11,784
$11,054
$6,879
$10,573
Dividends
161,349
146,220
126.763
106,497
$173,133
$161,734
$133,642
$117,071
17,250
17,250
26,213
11,500
19.1S5
18,953
18.089
17,729
1,506
1,205
1,584
5,500
$135,192
$124,326
$87,756
$82,341
Other
income,
Tot a!
Interest
expense
"Taxes
—
inc.
for
Preferred
period...
dividends.
65,100
and
1945
such
as
elected
should
65,100'
65,100
$70,092
.'...
....
"Corporation has
pany
1946
4,461
income
General
$59,926
to be
have
taxed
no
as
$17,241
regulated investment
a
liability
65,100
$22,656
for
Federal
income
com¬
tax
offices:
NOTE:
Dana
135
On
S.
Seibert.
La
NOTE—Net
1943
i
after
profit
taxes
the
in
on
sale of securities for six
applicable
same
amounted
thereto)
period
in
months ended June 30,
to $218,009, as against
JUNE 30.
1943
1947.
BALANCE SHEET.
securities-
rok),
accounts
payable
,
,
(ut
in
cost),
$5;278,932;
banks,
investments
$330,432;
$473,639;
dividends
investments
and
interest
in
in
other
receivable,
U.
S.
Govt,
securities
$28,443;
account
of
St.,
the
LIABILITIES—Interest,
for
securities
etc.,
loaned
$78,777;
3%
and
accrued
against
dividends
cash.
debentures,
due
$.'10,670;
Aug.
1,
payable,
accrued
I960.
$50,422;
expenses,
$1,150,000:
$3!-cumulative preferred stock, series A, $10 par value, $434,000; class A
($]"pt vaUie), $149,405; c'ass B stock
(lc par value), $2,400;
surplus, $"4,180,6'19; total. $6,150,493.—V. 167, p. 2463.
ftcck
"
/
Carrier
In
the first
point
tion
Corp.—New
is
dollar
Air-Conditioning Contract—
such
project of its kind, air conditioning from a central
furnished to the stores, professional offices, and a mo¬
being
picture
in the 16-acre shopping center of a multi-million
project in New York City, this corporation announced
theater
housing
Aug. 12.
-.
...
' !
:
The installation is being made at Fresh Meadows, Long Island, where,
on
a
170-acre tract, a hati-hour from the heart of New York, a com¬
on
.
pletely integrated community for I0.00#persons is being bu'lt by New
Life' Insurance Co.
It includes 3,000 apartments, playgrounds,
York
William
Chicago
fluctuations
in
the
rates
of
exchange;'remittance
for
foreign
subscriptions
and
advertisements must be
(at
special
deposits for dividends, $36,047; tota.1, $6,150,493.
Chronicle
President;
Salle
in
respect of the above net income.
taxes,
$6,686:855;
market), $9,936,920;
net
current
assets in
foreign countries • ($917,000
restricted as to
withdrawal milder present exchange
regulations!, $2,577,036; prepaid
expenses and deferred <• charges, $440,394; property,
plant and equip¬
ment, (after reserves for deprec ation of $2,671,394». $5,467,433; patents,
goodwill, etc., $1; total, $26,319,860.
for
inventories
25,152
$1,519,715
436,271
Capital
due
CONSOLIDATED
11,660
$1,091,431
Balance
$0.58
■—
share....,
common
62,151
221,000
d'v'dends,...
per-
'
f.Jj
$1,494,563
$1,111,995
deductions
ASSETS--Cash
d'vitie'nds"
Earnings
income
$550,598
300,000
period
the
56,181
"
Cr104,649
before
Surplus
$802,091
taxes
taxes
for
$1,079,772
made, in New
York
funds.
-
2.603,215
excess
income
$55,801
Federal income
before
income
prolit
tuet».
income
$1,049,844
1944
Deductions
$467,960
-
G Months Ended June 30-—
Net
297,798
$4,049,310 "
(Reg. U. S. Patent Officii William -93-. Dana Company, Publishers, 25 Park Place, New York 8, N. Y., REctor 2-9570.
Herbert D. Seibert, Editor and Publisher;
D.
Riggs,
Business Manager.
Published
twice a week
[every Thursday
(general news and advertising issue) with a
statistical issue on Monday].1. Other
3, 111. (Telephorie State 0613);;T Drapers' Gardens, -London. E: .C., England, c/o Edwards & Smith.
Copyright 1948 by William B Dana Company.
Reentered
as
second-class matter February 25, 1942, at the post1 office at New York, N/ Y.. under the Act* of March 3, -1879.
Subscriptions in United-States, p. S. Possessions, Territories and Members of PanAmerican Union. $35.00
per
year;
In Dominion
of Canada;
$38.00
per
year.
Other Countries, $42.00 per year.
William
t
1947
of-
second quarter
costs- incidental
Similar costs will not be
in
represent
repair of the company's coke ovens.
in 1948.—V." 167, p. 2570.
LIABILITIES—Notes
Postponed—
meeting
these increases
comparable -periods
the
$730,000
thsjt
respectively;
months,
reserves
t0 $100,000.
Notes
for
expenses
$400,000
and
of
amounts
Common
-Notes payable totaled $168,964 at June
18, 1948, as compared with
$242,750 at Dec. 31, 1947.
On June 30/ notes payable were further
reduced bv the payment of the second quarterly instalment of $50,000
on
$0.23
estimated to amount to
been approved by the' New York
increases became effective
(1)
1943, and (3) May 8, 1948.
In the six
March 1,
production
Balance
profit
Common
•
293,093
income.
on
income
Non-operating
123,603
expenses
for deprec.
on
'In
1946
3,103,130
outstanding,
m'pnths ended Jur.e 30, 1948, approximately $2,000,000 of
had been realized and included in operating revenues.
Gross
income
administrative
provisions
for
$0.10
and
78,236
14;553
and
and
Provision
At
June 13,'47
$3,520,879
-tales-
Operating
Rent
June 18/48
sales
sales
(2)
1947;
28,
1947
$4,480,700
taxes
Operating
Net
income
Total
Jiilv
1948,
2,582,219
on
cents—
.W
$4,925,156
Fed."taxes
receivable
profits
increases,
rate
temporary
$168,032
Nil
issued
745,364 shares
on
$73,513
'
Subs.)—Earnings—
.24 Weeks Ended—
Restaurant
"$43,583
$0.77
•[Earnings per share
"Deficit.
'
$574,348
$7,900,COO oh ah annual basis, have
Public
Service
Commission.
These
1,075,550
employees
'
income'
Net
NOTE—Three
company
341,573'
366,097
'
2252.
(D. N.) Berry Co., Denver, Colo—Files With SEC—
The
$940,445
deductions
Income
1948—G Mos.—1947
$12,421,935 $21,184,691
Earnings
1—
income
Gross
Appliances, Inc.—Earnings—
Period End. Jure 30—
.
'
.
Refund'
1.693
Co.—Earnings—
expenses
Provision for
of
cost
'
revenudl.
Operating
during the '12/ ;
previous period
the
over
average
839,437
Maintenance
for
$7,504,568 $19,626,687 $16,302,504
5,232,318 14;286,521 11,371,160
$9,144,413
Operating, revenues.-...
Operating" expenses:
General
1948—6 Mos.—1947
1948—3 MOS.—1947
Period End. June 30—
Prov.
584;899
$423,059
Net
168,
$340,514
$1,G38,321
21,167
ex¬
income taxes
—V.
Operating
of
securities
Federal
Earnings—
Brooklyn Union Gas Co.
customers
increased 13%
*
Water
corresponding 'period
over, those for June of last year.
by
lt)43,
averaged 3,85L kilowatt-hours
168,
for^the
revenue^
of|l947/f fAti. ihcteasiS 0f'.16%
NO^IE—U$s. of
"
12 Mos.
t$.718,265 '$8,285,052
of
12 Months Ended May 31—
Balance
Month
,
Gross. oper;4t.ib8t
to 564.672
$17.46 per
NOTE—As
California Oregon
»
^
,
.
30, 1947, $153,333—V. 168; p. 247.
1948
30,
(cost: $7,502,^-
value
market
cash
in
bankv $H7,181; .dividends and .interest
§37,515; receivable for capital stock sold, $15,557; special
$9,541,040;
8^:7),
deposits for dividends, $1,793; total, $10,242,901..
■Gross
JUNE
LIABILITIES,
AND
securities—at
in
ASSETS—Inve.tments
$4,189,967
1.998,575
....
in- respect of net income.
tax
income
CONSOLIDATED INCOME STATEMENT
*
COMMERCIAL
THE
(740)
4
Monday, August 23, 1948
FINANCIAL CHRONICLE
&
/a^
W.
landscaped lawns,
model shopping- district, and a new public
garages,
service, two 600-ton electric-driven Carrier cen¬
have been installed in the central power station.
this
provide
To
trifugal compressors
—V. 168, p. 342.
.
'
;
.
,
$2,101,602
revenues
1,136,402
expenses—a,.
144,559
Federal taxes on income
241,854
Other
taxes
Operating
Operating
'serve
Net
Net
$386,274
12,157
$5,692,185
9,142
$5,414,673
2,437
$456,224
$398,431
$5,701,327
156,433
139,714
1,755,906
$5,475,839
1,840,389
deductions
$3,635,450
780,440
780,440
$3,164,981
f;
—-————
—
167, pp. 2463,
r-v,
61,166
$3,945,421
$2,855,010
Dividends apphcau.eu,o
Balance
2359.
Sales
,
1348—Month—1947
1948—3 Mos.—1947
$19,364,636 $16,532,480 $33,195,146 $47,051,547
Proiit after charges and
/
^Deficit.
Six Months
Nil
$1.00
1948
1947
$90,149,091 $90,386,103
1,841,071
3,527,608
-
after ohaiges
and taxes
per/hare™
—
$0.98
$1.87
? Operations fov the quarter and six months ending June 30, 1948,
reflect the effect of a strike which started April 8 and ended May 12.
Results for 1,)47 have been adjusted to reflect the change made in
August, 1947, retroactive to Jan. 1, 1347, in inventory accounting from
"first-in, iirst-out" to "last-in, first-out."—V. 167, p. 2463.
Earnings
Central Illinois Public Service Co.—Common
Offered—A banking syndicate headed by The
Stock
First
Central Republic Co. (Inc.) on Aug. 18
offered at §13.75 per share 574,087 shares of common
stock ($10 par). The offering does not represent new
financing.
The stock was purchased at a competitive
sale held by Halsey, Stuart & Co. Inc. Aug. 17.
The stock was bought at a bid if $12.92 a share, the highest of
three offers submitted.
Lehman Brothers, Lazard Freres & Co. and
A. G. Becker & Co. bid $12.9099 a share and Blyth & Co., Inc., bid
Boston Corp. and
;
$12.77 a share.
recapitalization in November, 1946, dividends
common stock have been paid at the rate of
25 cents per
share on Feb. 28, 1947, May 31, 1947, Aug. 30, 1947,
Nov. 29,
1947, March 20, 1948, and May 29, 1948.
A dividend of
25 cents per share on the outstanding shares of common stock has
been declared payable Aug.
31, 1948, to common holders of record
Aug. 13, 13431
coippauy is advised by Halsey, Stuart & Co. Inc.
that purchasers of the 574.087 shares of common stock how offered
will not be entitled to receive the dividend on the shares payable Aug.
the- $10
value
par
Outstanding
Authorized
mortgage bonds—
Series A, 3%%, due Oct. 1,
<•
1971—„
Series B, 3%%, due Sept. 1, 1977 (is¬
sued and sold in January, 1348)—
2%
notes, unsecured, due serially to
Oct. 1, 1953——
—
—
$38,000,000
Int.
17,531
17,255
15,666
$82,718
14,041
stock, cumulative
3,318
5,452
5,038
*1,800
1,600
taxes
may
of
and
$62,813
$60,985
$65,139
$80,997
JV
v.-.'ii.i'.
1946.
in
$49,997
BALANCE
COMPARATIVE
tors.
t
■
.1
i
>j.<
350,000shs.
(par $100)
150,000 shs.
2,230,000 shs.
3,000,000 shs.
$10)
(par
31,
May
$50,219
3,010
4,042,878
hand
on
receivable
account
and
$22,902
5,175
4,203,288
and
in banks
Dividends
Investments
customers in 500 communities
counties in Illinois and gas utility
to
202,836
areas
in
61
service at retail to
33,849 customers in 21 communities.- At that date, the company also
supplied water utility service to 1,679 customers in Effingham and
steam-heating service to 263 customers in Taylorville.
The company
Total
1,123
negotiations for the sale of the property are now being carried on.
May 31,
1943, the Effingham water utility property was stated
in
the plant
accounts of the company at $433,062 and the reserve
for depreciation then provided for this property was $61,723.
In the
12
months ended May
31, 1943, the water property at Effingham
produced total revenues of $78,431
for the company.
purchasers of the com-,
shares to be purchased
PURCHASERS—The names of the several
stock and the respective number of
mon
by each severally are as
sales
Net
profit after taxes—T
Per
share
than
Undistributed
net
.43,481
.Central Republic Co. (Inc.) 43.481
Eastham. Dillon & Co.—1— 42,500
Co—— 42,500
Co—42,500
Inc.— 27.000
Hornblower A Weeks
18,750
Goldman, Sachs
Smith, Barney &
A/ C. Allyn and Co.,
M.
Laurence
Marks & Co._
Rothschild-
Tucker, Anthony &
Estabrook
&
& Blosser
18.750
18,750
18.750
Co
Co.
—
12.500
12,500
10.000
10.000
Schwabacher & Co
—10.000
Stein Bros. & Boyce
-10.000
Stern Brothers & Co
10,000
Cruttenden & Co
8,750
Granbery, Marache & Co._
8,750
•Kebbon, McCormi"k •& Co.
8.750
The Ohio Company
8.750
Sills, Minton & Co., Inc.—
8,750
Stifel, Nicolaus & Co.. Inc.
8,750
Ames, Emerich & Co.. Inc.
6,2^
Whipple &
Paul H. Davis
Co
& Co—
•
Co
Collins
——
&
Co
6,25o
6,250
Mason, Moran & Co
,
for.
$5.03
$2.43
1948
1948.—V.
June
which was substantially greater
2554.
Jv;
$2,670,579,
were
167,
p.
Montreal—Registers With
SEC—
Inc.—Earnings—
Colonial Sand & Stone Co.,
Total
and
Federal
915,736
915,736
466,640
Brl,481,034 Drl,481,034
Net
1947
$843,448
88,851
172,798
288,311
$285,895
$466,286
taxes—
before special
income
Amortization
for
of
charges
paid
book-value
over
excess
14,316
subsidiary
Net
*606,034 shares.—V.
of leasehold improvement
amortiz.
income
etc
$4,097,230
$4,234,717
.,
_
.
depreciation,
2,156,058
income.;
cost
1948
$606,493
147,799
6 Months Ended June 30—
Deprec.
554,202
with the SEC
cents per
Proceeds
16 filed a registration statement
The company on Aug.
covering 200,000 shares of capital stcck, to be offered at 50
share in Canadian currency.
Underwriter, P. E. Frechette.
will be used for drilling operations.
3,010
166, p. 1047.
income
share
Per
—V.
shares
775,000
on
166,
—
$271,579
$466,286
$0.35
;
$0.60
^
1148.
p.
Central Indiana Gas Co.—Earnings1948
1947
$5,095,414
$4,755,442
2,216,898
2,239,124
835,820
328,512
679,136
234,313
Operating
Operating
156,745
147,683
Maintenance
489,930
200,000
State,
311,861
49.9,858
271,194
12 Mos. Ended June 30—
Operating
revenues
Operation—Natural
purchased
gas
Z
Depreciation
utility plant acquisition
of
AmorL
adjustments
Genera'l taxes
taxes
Federal income
Commonwealth Edison Co.
434,817
Period End. June 30—
$255,786
505,974
income..
Gross
—
deductions—
.r—-—
—,
$676,603
94,671
$658,467
(net)
income
$549,173
$761,760
103,292
income
operating
Utility
Other
7,868,448
cost Of
—
9,512,200
11,049,200
27,713,378
17,076,000
11,117,278
10,063,973
21.678,900
23,764,239
18,832,200
19,866,640
239,048
473,095
478,095
taxes
of
additional
utility plant—
income
12,243,183
14,478,119
239,048
income_$18,280,781 $20,640,764 $32,564,448 $36,943,336
521,182
487,977
1,595.428
1,311,499
operating
Other
£
'
depreciation—
for
Amortization
$581,932
$ '
109,866,760 228,2^0,715 208/<o9.826
49,253,678 112.893,417
96,196,166
6,376,914
15,886,477
12,629,150
miscl.
and
taxes
Federal income
Net
1948—12 Mos.—1947,,
<j*
.
119,457,820
67,961,946
expenses
Federal
127,429
.
revenues..
local
Subs.)—Earnings—
(&
1948—6 Mos.—1947
■
Prov.
Net^ income—
-V. 167, p.
1467/-,
'
;
/¥
■
—t
expenses
' *
■
...
935,030
and
Total
&
Lunt—5,000
168, p. 343,
5,000
123,937
1,386,691
2,013,303
167,134
153,466
1,927,894
1,749,829
Electricity
a
Net
Non-oper.
$4,181,884
$5,114,453
43,947
1,333
36,616
$348,015
$4,218,500
$158,400
126,743
deductions
1,913
$343,139
income
Gross
Total
$346,102
$341,305
income
income (net)
operating
112,564
1,506,299
1,488,088
3,750
3,750
$2,712,201
67,023
804,394
J. J. B. Hilliard & Son
H. Johnson & Co
Co. of California-
$149,368
$168,428
$1,907,807
$2,865,963
Earnings per com. share
$0.09
$0.40
$1.13
$1.70
—V.
Scherck.
William
Staats
R.
Co.
,
.
Amott, Baker & Co., Inc—
Whiteside, Warren
'
& Sears, Inc.—
House
Curtiss,
Oper.
exps.
income
oper.
_
$3,662,613
21,477
(net)—
income
Other
July
31
24—
$51,256,454
38,906,984
217,432,000
—V. 163, p. 543.
Commonwealth & Southern Corp.—Preferred Dividend
1—_
$3,684,090
Deducts, from gross inc.
1,386,013
income
Gross
The
$3,340,809 $14,208,850 $12,443,808
4,522,924
5,027,052
1,121,469
Net
income
Earnings
$2,298,077
share
per
$2,219,340
$7,920,884
$.9,181,798
$1.20
$1.39
$0.34
$0.35
At
the
a
States
issued
Inc.—Sells
Edison,
Securities—
Subs.
meeting held on Aug. 12, the stockholders approved
shares of common stock (no par), being all of the
and outstanding stock of this class of Gasconade Power Co.,
note
of Gasconade Power Co. in the principal
amount of
special
sale
of
a
954
$441,490,
p.
Patton
&
Co.—
2,500
Co.
2,500
Metropolitan St. Louis
Frederick H. Hatch &
2,000
Ferris
Albert
&
McGann
1,875
1,250
Co
'
446.
Aug. 17 resigned as President and Sidney A.
succeed him.
Mr. Putnam will continue as
and voting trustee of the company.—V. 168,
r
'
•
'
*
'
Securities
■
its preferred stock will be
the
upon
Also
representatives
of
-
,
review
under
will
be
said
has
S.
&
C.
circumstances
proposal" of May 7, 1943, found in a.
the company's preferred and common
"compromise
a
evidence
the
were
.
company's amendment to the plan
/'consistent" with., this compromise
proposal.
•»
is
Here
stockholders'
the
distribution
of
2.80
additional
of
shares
be
provided
Consumer's
SEC
Aug.
of
subject
further
a
will
needed
stock
$13,600,000
for
distribu¬
this
by Com¬
investment
Financing Plans of Units—
of the C., & S. will be
Commission hearing on
"
•
.
ir.
.r.
■
Consumers Power Co., plans to sell 458,158 addi¬
to its common stockholders.
Holders of nine
shares
common
shares
increased from 2.52
would reduce dividend
which
common.
....
subsidiary,
tional
holder
the
to
common
plans of seven subsidiaries
a
Securities and Exchange
/
24.
One
Consumers
by
Hold Hearing on
to
financing
Co.
preferred share would be
in
The
Power
plus a cash payment
instead of $14.
shares,
to $16,
would
the
compromise proposal:
Consumers
Commonwealth
each
The
of
allowed
be
buy one
to
additional share
plus the
for $33,
right to subscribe to unsubscribed shares.
Commonwealth
plans to
buy 402,603 additional shares ?of> Con¬
sumer's stock for $13,285,899, and to purchase up to 9,456 unsubscribed
Consumers will use the
for $312,048.
shares
struction.
<
proceeds to finance con¬
"
.
j
,
.€,
of 30-year first mortgage
bonds and 285,713 additional shares of $8 par value common stock. The
would
bonds
Co.
Edison
Ohio
be
at
sell $12,000,000
under
offered
competitive
stockholders
held,
shares
share
tional
plans to
would
Commonwealth
$27.50.
bidding.
be
For
allowed
expects
every
to buy
to
buy
one
seven
addi¬
256,549
of
$900,000
stores.
increase
emphasized the fact that the Wise Smith Store would
be managed and operated as a Hartford enterprise; that
acquisition of control of the store would in no way alter this
policy. It is contemplated the store will be thoroughly modernized.
Pennsylvania
would
transfer an
additional $600,000 from earned
surplus to common stock capital and issue 50,000 shares of its commori
stock to Ohio Edison.
Isidore Wise,
President of the Wise Smith Store and one of its
founders', will continue to serve as an important member of the board
of directors of that company.
' "
.
■ '
.
would
M,
Greenfield,
Chairman of the
Mr. Greenfield
continue to
The
long
department store has 550 employees, many of whom have
service
Under
1,250
obtain
to
stockholders.
common
i
1,250
wants
board announced Aug. 19
that Wise, Smith & Co., Inc., a department store in Hartford, Conn.,
has become affiliated with City Stores Co., a group of department
Albert
1,250
1,250
10.-
on the plan for retirement of
by the SEC. Sept. 8.
from
.
the
Co.
Woolfolk, Huggins & Shober
on
elected to
the Board
City Stores Co.—Wise, Smith Joins Group—
2,500
2,500
-
of
President—
& Southern Air Lines—New
Putnam
was
3,750
2,500
McJunkin,
Chicago
Carleton
to
of record Sept.
to
leading
tion
343.
168, p.
3,750
Davenport & Co.———
18,
monwealth
—V.
of the corporation of $1.50 per
subject, however, to an order of the SEC.
be made Oct. 1, to the holders of pre¬
preferred stock
Aug.
proposed
Commission
The
arrears
stock
is
Hearings
to
on
6,600,000 shs. of com¬
mon
the
on
declared
was
payment
The
Chairman
Dixon & Co.
dividend
share
94,338
86,498
+
Hearings to Be Reopened—
$3,305,372 $14,122,352 $12,349,470
35,437
%
207.142,000
4.3
204,344,000-.r. 2.3
200,978,000 ' 2.3
194,802.000 • < 1LS
214,710,000
July
which
Stewart
2,500
'.'-.A
1947
1943
208,969,000
letter
Net
3,750
2,500
-
& Co.
of
7
reopened
3,750
Chace,
totals
output
week a year ago.
Following
the past four weeks and per¬
Aug.
1948—12 Mos.—1947
$14,949,874 $13,187,659 $57,786,150
and taxes—
11,237,261
9,882,287 43,663,798
revenues
3,750
Richter Co
Chds. W. Scranton & Co
corresponding
216,098.000
(& Suhs.)—Earnings—
1948—3 Mos.—1947
Period End. June 30—
Operating
3,750
Northwest Co._
Pacific
kilowatt-hour
ferred stock
168, p. 438.
Central & South West Corp.
excluding
companies,
utilities, for the week ending Aug. 14, showed
the
over
14
A
for
Balance
3.750
,
Pacific
associated
and
company
electric
Aug.
804,349
common
.
3,750
R.
the
of
output
other
increase
centage comparisons with 1947:
$3,670,312
$235,451
67,023
$216,391
plus, unpaid
interest,
constituting
substantially all the
assets of the corporation, to Missouri Power & Light Co., for the sum
Of $800,000.—V. 168, p. 248.
Brailsford & Co._
$14,287,902 $16,514,049 $24,733,960 $28,757,436
share..
$1.04
$1.20
$1.81
$2.09
Week Ended—
and
First Securities Co. of Chic.
to
4.3%
are
3,750
Bateman, Eichler& Co.™
Bosworth, Sullivan & Co.—
9,497,347
income..
Weekly Output Increased 4.3%—
$1,335,695 $19,068,783 $16,735,091
11,574,314
7,857,506
712,170
105,557
income)
net
$38,254,835
9,370,916
4,614.692
4,514,061
steLai)
(other than
taxes
Federal
deduc...
Earns, per com.
sales
equiv. spec. chgs.
$21,128,741 $34,159,876
$18,801,963
etc.,
Consol.
1948—12 Mos.—1947
1948—Month—1947
—
income
■
Co.—Earnings
$1,549,077
revenues
Gross
Interest,
;
..
'-f
<|4r
——
5,000
Weils & Co.,
Mullaney,
Co., Inc.
—.
—
.Co.L—6.250
.The Robinson-Humphrey Co.
Farwell, Chapman & Co—
6,250
Scott, Horner & Mason, Inc.
Bond & Goodwin Inc.-—
5,000
First of Michigan Corp..,..
5.000... Varnedoe, Chisholm &f 4Co.,
7; Inc..
I
1—
Grimm & Co.
5,000
Dempsey &
Hamlin
sales
before
2,213,867
in treasury—at
stock
■"Common
No. of
Shares
The First Boston Corp.—
—V.
July
2,056,321
1,013.245
common.:
Sales for
2,000,000
2,000,000
preference stock.
Common stock ($1 par)
Capital surplus
Central
No. of
Julien
;»
1943
1947 '
$13,476,377 $15,014,133
—
Income
/
Convertible
follows:
Shares
&
Company, Inc.—Earnings—
Coleman
6 Months Ended June 30—
At
Cohu
of Bisbee, McKono,
also Is a director of
Sparks-Withington Co.,
the law firm
senior partner of
is
and Mclnally, of Jackson, Mich. He
Industries, Inc., Reynolds Spring Co.,
and Argus, Inc.—V. 168, p. 43. J
f'
' '
'
$36,820
$31,945
income
Deferred
satisfactory arrangements with a purchaser or purchasers
made, to sell its water utility
property at Effingham, and
Bacon,
.
LIABILITIES—
Accrued taxes
if
Straus
"
dfre.e?
member of the board of
a
Hayes
$4,097,230
charges
deferred
and
3,351
$4,234,717
Prepaid
is an Illinois public
the company supplied electric utility service at
and adjacent rural
1943,
retail
F.
elected
Bisbee has been
Coleraine Asbestos Co. Ltd.,
Dec. 31/47
June 30/48
Federal taxes on income
outstanding thereunder.
L.
•/
Elected—
Industries, Inc.—New Director
Mr/ Brisbee
SHEET
ASSETS—
Operating
utility engaged principally
in generating, purchasing,
distributing and selling electric energy in
central and southern Illinois.
Company is also engaged in distrib¬
uting and selling gas. principally natural gas, and, to a minor extent,
in supplying water and steam heat.
For the 12 months ended May
31, 1948
the company derived 90.38% of its operating revenues of
$23,950,463 from the sale of electricity, 8.30% from the sale of gas,
and 1.32%
from all other activities.
In 1947, the company derived
about
12.06%
of its operating revenues from the sale of industrial
power for the mining of coal.
.
,
will
not
195$.
Net
allocated to taxable capital gains in state¬
capital surplus in amount of $11,400 in 1948, $12,943 in 1947
Period End. July 31—
3,850,000
$3,850,000
be issued from time to
BUSINESS—Company
1
years
commitment fee.—V. 167, p. 2683.
a
Clinton
18
deducting portion
Central Maine Power
time under the indenture dated
Oct. 1, 1941,
subject to the restrictions thereof, in any number of
different series as the board of directors may determine.
The inden¬
ture
does
not
fix
the total amount of bonds of all series or of
bonds of series A or series B, or any other series, that may be issued
*Bonds
be
period in
The
York.
New
in
and
be advanced is two years and the loans
from the date of the first advance, but
may
three
The interest rate will be 2% until May 31,
1949, and thereafter will be V4 of 1% or Vu of 1% above the .redis¬
count rate of the Federal Reserve Bank of Cleveland, but in no case
more
than 2%%.
There is a commission of Va%
on the unborrowed
4,246
*2,300
87
2,700
■-
10,000,000
*
~4,
stock
Common
can
Ohio
northeast
money
in
Fed.
for period
income
*After
ment
$83,489
expenses
for Fed. inc.
Prov.
5,689
$90,146
income——
notes payable—
Operating
series
intends,
the
due
Bageley
on
on
$77,029
2,389
$104,633
than
other
taxes
•
Capital Stock:
Preferred
f. At
be
Leland S.
•
income
& admin,
Gen.
Taxes
6,790
/■
1945
-
$81,099
$85,646
4,500.
$97,843
Interest
'
or
and
Cleveland
which
later than Aug. 31,
1946
1947
1948
30—
1948
CAPITAL STOCK AT MAY 31,
First
4%
in
program,
i
FUNDED DEBT AND
'■
$0.56
construction
portion as
G Mos. End. June
Income
31, 1948.
■
$372,421
$0.77
$105,000,000
Corp.—Semi-Ann. Report—
Central-Illinois Securities
Maintenance
DIVIDENDS—Since
:
on
$506,686
30,000
167, p. 2026.
Cash
■
Ended June 30—
Sales
Profit
$307,704
$0.47
profit
Net
1,876 984
—
'
i-
*1,084,255
823,020.
834,137
-
Earnings per share
299,389
241,859
;
$25,000,000 bank loan with a large group
temporary needs in connection with its
Elmer
L. Lindseth,
President,
announced Aug/ 16.
'*" •'
r
The arrangements to borrow $25,000,000 were made with 14 banks
company has arranged a
banks
to
take care of
of
no„
'
taxes
$644,271
(est.>_
tax
Earnings per com. share—
Net
Caterpillar Tractor Co.—Earnings—
Period End. June 30—
82,071
$831,547
25,472
173,514
debt
long-term
income
Total
-l——$299,791
' $258,717
pfd. bkuc.< ior the period
income
122,444
$493,193
11,975
operations
Income—dividends
income
other
&
Int.
61,163
011
Federal
$726,342
$953,991
-7
,
1,500,000
1,500,000
»
$453,787
revenues-income (net)—_
Gross
125,000
125,000
oper.
Other
$1,769,868 $23,999,595 $20,743,556
9,702,547
951,328
11,926,081
1,746,939
2,032,438
95,455
2,379,397
2,848,891
201,811
30/48 June 30/48 June 30/4.7
$554,356
deprec
before
oper.
from
Interest
—V.
retirement reappropriation—
Property
from
Profit
Profit
1.948—12 Mos.—1947
1948—Month—1947
Period End. June 30—
June
Depreciation
Carolina Power & Light Co.—Earnings—
.0-•
6 Mos. Ended
3 Mos. End.
school.
v,v<
Co.—Bank Loan-
Electric Illuminating
Cleveland
(& Subs.)—Earnings—
Foundry Co.
Central
into
a
the
lease
with the company in Hartford.
arrangement
with
Mr.
Wise,
the
company
for 30 years for the property with options of
entered
periods for
has
This lease covers the store property and certain
joining properties.—V. 168, p. 43.
, „•
„
.
.
10
years
had
each.
ad¬
/ /
\.
these shares.
Edison
Ohio
cash
the proceeds from
use
payment
%
to
its
subsidiary,
1...
these offerings
Pennsylvania
to make
Power
another
buy
j
a
Co.,
its investment in this company's $30 par value common
Under
mon
would
"
,
to
stock.
to be taken up at the hearing. Commonwealth/
shares of the Southern Co.'s $5 par value com¬
Southern, an Atlanta subsidiary, would then
plan
1,000.000
stock for $10,000,00.
par value common from its subsidiary,
would a'so buy 250,000
stock from another subsidiary, Georgia
Power Co., for $4,000,000.
Both of Southern's subsidiaries would use
the proceeds for construction.,1
')<•
•*
^
A
Alabama
shares
shares
30,000
acquire
of
Power
no
Co.,
par
of no
for $3,000,000. * Southern
common
Southern Indiana Gas & Electric Co. plans to sell
$1.5
and
$1,750,000
of
additional
common
stock,
its parent between
Southern
Indiana*
Volume 168
would
the
mon
■
the
use
SEC
for
Southern
Number 4727
and
to
issued
notes
Commonwealth
asked
subsidiaries.
eight banks.
These
2V*%
on
notes would be
15. 1951.
COMMERCIAL
un¬
due Sept.
.%•-
/
'
Consolidated Retail
sales
Net
after
Weekly Output Increased 11.15%—
for
Number
Connecticut Ry. & Lighting Co.- -Receives New Haven
Securities—
Van
common
June
of
Railroad
further
21,
stock
Company
of
certificates
as
stock
common
of claim
INCOME
of
well
as
distribution
in settlement
company received 45,893 and a fraction
the New York, New Haven and Hartford
the
1948,
common
as
evidencing
Op.
STATEMENT
FOR
PERIODS
ENDING
$3,090,639
$3,079,932
$6,143,737
$6,235,638
2,426,936
2,194.412
4,758,635
4,331,609
139,875
129,983
273,734
266,396
deprec.
taxes
Federal
State
local
&
Net
oper.
Other
Gross
189,490
267,626
425,565
51,912
46,552
97,081
540,746
93,116
195,239
194,984
378,003
385,861
taxestaxes
$246,375
$87,187
rev
income
met)
$210,717
226,996
225,764
$472,139
$663,478
23,967
26,846
$617,905
451,930
452,761
$314,183
income
Income
30
maist
for
income
Other
JUNE
1948—12 Mos.—1947
revenue
&
exp.
Provision
Federal
such
to
against that company.
1948—6 Mos.—1947
Operating
right
a
be ordered by the Court
may
168,278
deductions
which
provision
have
—V.
income
167,
$290,215
$445,293
$800,657
$495,199
Six
Net
months
Cement
ended
June
30—
Motors
$1,859,200
and
Net
1,158,000
24,100
20,500
expenses
deductions
Federal
$1,235,200
1,546,600
sales
•Costs
Other
1947
income
(net)
4,800
taxes
130,500
$32,600
$94,360
$80,237
listed
on Aug.
18 announced System output of electricity
generated and purchased) for the week ending Aug. 15,
to 201,700,000 kwh., compared with 199,000,000 kwh.
corresponding week of 1947, an increase of 1.4%. Local distri¬
bution
of
electricity amounted to 186,700,000 kwh., compared with
184,200,000 kwh. for the corresponding week of last year, an increase
1.3%.
of
The
Bonds
National
City
different
from
25
in
is
prepared
now
to
deliver
refunding mortgage bonds 2%%, series B, due April 1, 1977
definitive form in exchange
for temporary bonds of that issue.
in
168, p. 644.
Consolidated
S.
M.
James
H.
Black
corporation,
succeeded
the
President
as
Division
as
Corp.—New
President,
Concurrently,
r
Vice-President
of
Grocers
Kennedy,
and
Aug.
of
17
President
168,
the
by
Sprague
A.
the
Warner
16
60
185
co
170 h.p.
h.p.
Engines
Consolidated
Net
End.
inc.
that
Bischman,
J.
at
who
he
is
the
of
presently
offices
Wks.—1947
1948—24
Wks.—1947
betorc
taxes—
$289,627
$433,184
105,587
$296,713
112,751
$376,756
taxes—
137,396
158,610
$184,040
$183,962
$239,360
$274,574
$0.53
$0.53
$0.69
$0.79
share—
per com.
167,
Consolidated Natural
Gas
'Co.
share
per
(&
Subs.)—Earnings—
1948
1947
$10,611,162
$12,199,717
$9,331,896
3,274,031
2,769,030
$3.24
Net income after charges and taxes
Number of shares outstanding
$4.41
2,728,359
$3.42
—
a
(during the first
six
months
of
1948
119,315,072,000 cu. ft., com¬
a volume of 111,767,834,000 cu. ft. sold in the same period
During the 12 months ended June 30, 1948, total sales of gas
203,262,007,000 cu. ft., compared with 185,155,301,000 cu. ft. sold
in 1947.
12-month period ended June 30,
1947."—V. 167,
2683.
p.
FOR
SIX
MONTHS
(& Subs.)—Earnings—
ENDED
JUNE
30,
effect
from
Balance
Interest
on
Vh%
Provision
for
Provision
for
other
to
manufacturers.
first
dep.
and
mortagage
&
income
taxes
$12,666,773
551,111
bonds— (net)
2,071,993
Provincial
income
taxes
3,655,000
No customer had cn oraer as
others
and development contracts), 5%.
muen as 10% of these unfilled orders.
GIVING
CAPITALIZATION,
EFFECT
payable
insurance
to
in value of inventories
500,000
(due 1950-1961)
Net
$5,888,669
securities
436,486
1
profit
1,282,707
Sinking
2,115,165
payable July 17, 1948
fund requirements for six months
Expenditures on capital improvements to June 30,
—V. 164, p. 2284.
Consolidated
On Aug. 22
shares ,ino
a
Rendering Co.—Filing
letter of notification
par)
common
stock,
to
was
Chicago,
and
Chase
National
as
1348
Pfd. stock
the
at
(par $1)
(held
the
by
Metropolitan
of
rate
3 '/a%
per
Life
t3,300,000 shs.
which bears
1961, but
Insurance Co.)
matures Oct.
1,
annum,
principal
has agreed to prepay $280,000
April 1 of each year beginning April 1, 1950.
company
amount
on
With SEC^the SEC for
$78
on
of
per
1,282
share.
The
behalf of Harold H.
New
York—V.
linclpding Wholly-Owned Domestic and Canadian Subsidiaries]
five years.
current liability.
such
Of
$481,647
contracts,
Qther deductions
for
(net)
Provisions for taxes
Net
per
6,982,182
644,990
15,834
601,346
3,065
132,325
116,081
289,675
—
-
share
Net current
$8,727,559
6,710,642
income
income
Earned
-
on
___.
1947
$8,239,134
——
depreciation—
430,000
$445,667
$594,886
$0.97
$1.29
assets iat June 30, -1948 amounted tp approximately $4,«
$75,000, of which $1,079,000 represented cash.
*
Operations at the Bridgeport plant were suspended from June 2
•
to
July 16 and at the Newark and Marshallton plants from about June
to July 6 on account of strike of production
employees.—V. 167,
p. 2465.
v,
%,?:■ vv.X
17
$0.80
and
SHEET, JUNE 30
BALANCE
cost—
at
—,
$1,545,975
25,111
2,158,595
3,053,302
2,196,439
4,137,252
7,606,534
■J 804,163
400,000
679,821
—
;
8,152,343
831,890
200,000
equipment depreciated
Plant and
Dairy
cattle
Plaftt
rehabilitation
'
fund
Other assets
458,349
—
,
•>
$1,503,176
25,111
——
receivable
accounts
Inventories
1947
1948
*
-
securities
Marketable
Total
~
$16,382,766 $17,395,295
-
LIABILITIES—
Accounts
198,488
4,029,561
4,049,698
41,162
8,121
650,000
3,747,060
5,520,559
interest in subsidiary
stock (650,000
surplus
surplus
r
198,436
debt
for
contingencies
Capital
998,110
484,550
Long-term
Minority
$1,975,819
$1,683,180
income—
on
liabilities
current
Other
liabilities
accrued
and
payable
Federal and other taxes
shares)
199,009
10,101
650,000
3,747,060
5,587,147
$16,382,766 $17,395,295
Total
-V.
168, p. 249.
Dallas Power &
End.
Period
June
Light Co.—Earnings1948 Month
30—
-—
—
Operating expenses
161,197
103,746
taxes
Inc.
1,634,908
1,182,812
106,683
1,509,335
79,336
1,015,142
944,748
$280,589
rev
oper.
$255,036
$3,194,033
$3,092,514
2,455
6
5,355
389
$283,044
$255,042
$3,199,388
$3,092,903
645,271
income
income
671,118
55,124
60,60.)
other deduc—
&
$11,307,496
4,392,514
97,351
taxes
Gross
1943—12 Mos. 1947
1947
$1,015,587 $13,034,762
423,247
5,431,092
151,285
1,885.160
$1,149,254
506,371
Operating revenues
to
Trans,
sur.
53,231
res.
of
recapitalization
ago
years
some
-i
$199,918
54,778
i-
Divs. app.
Balance
—
'
n
-
—
-
i
mrnkr-•
i
$2,447,632
736,949
$2,528,270
684,951
;
-
i
.I,,
$145,140 p,$l;843,319
-i
i.
■
334,935
$169,204'";;
to 4y2% preferred stock___
surplus
Balance
$1,508,384
—wi'i
$1,710,683
334,935
$1,375,748
168, p. 44.
—V,
shares of stock heretofore outstanding.
.'
-
$22e,435
income
Net
1948, for'exchange as the
for an equal amount oi
tlncludes 26,671 shares held as of May 31,
result
approxi¬
included as a
are
Inc., Washington,
Joist,
Steel
Davisbilt
C.—Files
D.
,
applied, together with such
cash from the company's current funds as is necessary, toward the
payment in full of "notes payable to banks" in the principal amount
of
$3,500,000.
Such notes
were
issued pursuant to a term loan
agreement dated Oct. 30, 1S46, between the company and National
Bank of Detroit, Continental Illinois National Bank & Trust Co. of
Chicago, The First National Bank of Chicago, Marine Midland Trust
Co. of New York, First National Bank in Dallas and The Hackley
Bank
National
Union
net
proceeds
of
are
to be
Muskegon.
names
of
underwriters
several
and
the
No. of Shs.
&
Sutro
Co
Paul H. Davis &
23,500
22,000
Buckley Securities Corp.—
Cantor, Fitzgerald & Co.,
15,000
Co
Johnston, Lemon & Co—
Carl
Loeb, Rhoades
M.
&
Dittmar
Kiddei
C.
8,00o
Corp.
&
Roney
Co.
H.
Jenks,
Inc
4,000
4,000
Price & Co
Kirkland & Co.—
3,500
Irving J. Rice & Co. Inc._
Borland & Co
3,500
3,000
2,500
3,000
Betts,
&
Co
Goodwin Inc
5,000
Taussig,
&
5,000
J.
Hanauer & Co
2,500
5,000
Mead,
Miller & Co
Zuckerman, Smith & Co-
2,500
Arthurs,
5,000
BLosser
&
Bend
Klima
Taggart & Co.
Day
& Co.,
&
Bradford
Inc.
B.
Lestrange
the
.
Rackmil, Executive Vice-President, on Aug. 12,. announced
Frederick W. Ziv & Co. of the World Program Library.
R.
sale
to
Library & Service, World Instrumental Libraries,
Broadcasting System, Inc;
The Decca company
Feature
World
name
World Wired Music and Industrial Service.—V.
Bioren
&
30—
2,000
Dompsey & Co
Co
rev.
sales
and
$1,700,534
$1,331,630
$718,714
$4.25
income
Net
Net
income
$3.33
$1.80
share-.
per
1948, 1,666-2/3 additional shares of capital stock of
the American Independent Oil Co. were purchased, raising Deep Rock's
aggregate investment in American Independent to $666,666, or 6-2/3 %
of the later company's paid-in capital.
During
June,
Ralph K. Davies,
President, recently announced that American
Independent Oil Co. had been granted full rights of exploration and
development of an undivided one-half interest in the Kuwait-Saudi
Arabia
"neutral zone"
in the Middle-East's major oil region.
The
area of this concession
is a semi-desert territory 50 miles long from
In
drilled
on
its
averaging 45 miles wide.
No test well has yet been
the concession area, but geologists have reported favorably
west and
to
2,000
petroleum potential.—V. 167, p. 2027,
and
have
declared
the
regular
quarterly dividend
10c
of
an
The four previous quarterly payments have been at the rate of 10c
regular,and 5c extra per share.
With" this payment, total dividends for the year to end Sept. 30,
1948, will amount to 65c per share.—V. 161, p. 877.
Curtiss-Wright
Corp.—Management
the following
and engine-
Focke, formerly Factory Manager of the Curtiss-Wright Air¬
plane Division, lias been appointed General Manager of that organiza¬
tion, to succeed Mr. Jordan.
The Airplane Division operates a plant in
B.
Columbus,
O.
William'D.
>
Kennedy;
Vice-President
of
Curtiss-Wright
Corp.
,
1948—6 Mos.—1947
$26,294,475 $23,527,938 $53,051,292 $48,026,079
37,783,400
21,028,329
18,560,160 42.589,491
1,849,200
1,790,607
taxes
924,659
909,200
57,177
35,300
Canadian
income taxes
16,503
34,085
1,387,135
1,113,218
Unempl. & old-age taxes
376,733
688,639
1,042,490
Other taxes
619,969
522,473
1,188,265
Gross
revenues
Expenses
U. S. income
Fixed
664,401
877,515
673,245
878,856,
1,316,328
1,348,741
1,773,430
1,798,994
$1,786,366
$1,261,300
$3,244,653
$2,758,942
charges
depl. charges
Deprec. &
-V.
income
167,
2684.
p>
Denver Tramway Corp.
Jordan, formerly General Manager of' the Curtiss-Wright
Airplane Division, has been elected Vice-President and appointed Gen¬
eral Manager of Wright Aeronautical Corp., of Wood-Ridge, N. J., the
engine-building div/sion of the company.
William C.
and its subsidiaries]
1948—3 Mos.—1947
Period End. Juno 30—
Net
Promotions-
Guy W. Vaughan, President, on Aug. 6 announced
management promotions in the corporation's airplane
building divisions:
•
T.
.
Delaware & Hudson Co. (& Subs.)— Earnings—
Refrigeration Corp.—10-Cent Extra Div.—
directors
share,
1946
1947
3 9%»8
incl. other inc.__ $20,734,160 $15,466,348 $11,009,913
oper. exp
16,732,779
12,499.720
9,215.550
Interest
expense
14,006
17.524
38,359
Deprec. depl. & cancel, of leases—
1,292,741
941,574
854,488
Federal & State income taxes
994,100
675,900
182.300
oper.
of
Cost
LIncludes The Hudson Coal Co.
The
still
Deep Rock Oil Corp.—Earningssix Months Ended June
east
168, p. 644.
Copeland
and
168, p. 544.
,
2,500
&
2,000
5,000
4,000
Co
the
4;ooo
Doolittle
5,000
5,000
Inc.
—V.
James
Co.,
5,000
Straus
C.
&
4,000
Maxwell, Marshall & Co.
Fenington, Colket & Co.—
of
Co
Prescott, Hawley, Shepard
&
Co., Inc
Ross, Lyon & Co
.rr'
Records, Inc.—Sells Library Service—
Dccca
4,000
Kalman
7,500
Chicago
J.
4,000
and
5,000
Sons—
4,000
4,000
Co.
& Co
8,000
Co.
164, p. 2151.
of the company.—V.
Sales &
Co.,
8,000
<& Co
&
I.
&
Johnson, Lane, Space
Co., Inc
& Co._:
Securities
First
duPont
Francis
Goodbody
10,000
Edwards
G.
&
12,000
Co
First Cleveland
M.
Wm.
Cooley
R.
12,000
Co
&
Crowell, Weedon & Co
without
4,000
4,000
—
Inc.
15,000
Co.
Cchu
The
Inc.
George
&
and
4,000
Co.
15,000
shares
issued
retains the
George D. B. Bonbright &
22,000
Alstyne Noel Corp—
Hayden, Stone & Co
Aug. 6 filed a letter of notification with the SEC
(no par) capital stock, of which 4,190 shares have
5,810 shares are tc be offered at $20 per share
underwriting.
Proceeds will be used to advance the interests
on
company
10,000
World
respective number of shares to be pu ivhased by each, are as follows:
Van
The
for
been
Milton
the
,
1948
customers, less returns, allowances, etc.
sales, exclusive of depreciation
administrative and general expenses—
Provision
$0.51
payable generally in monthly instalments over a period of
mately
163,
Co.—Earnings—
6 Months Ended June 30—
Selling,
$0.45
.
extra dividend of 10c per share, both payable Sept.
10,1948, to stockholders of record Aug. 21.
at
agent
Bank
2,068,892
*1
Continental-Diamond Fibre
Cost of
$518,949
$0.41
banks
and in
hand
on
Other
1,590,436
350,000 shs.
5,000,000 shs.
P. 1724.
Sales to
$332,049
ASSETS—
Cash
Net
purchase
$50)
s par
note
interest
per
filed with
be offered
First Boston Corp. will offer the stock
Swift,
379
$288,975
_
CONSOLIDATED
$6,325,155
Dividend
1
901
$990,368
102,298
367,310
1,811
Depreciation
$5,000,000
$5,000,000
—
Westheimer and Co
Balance
investment
133,781
215,350
>
Earnings per com. share
Other
Outstanding
company
tTitlc-retaining contractus for
of equipment
$6,388,669
sales of
$681,559
31,433
203,725
136,156
.
230
inc..
on
Net income
Federal
FINANCING
PRESENT
TO
Authorized
•Note
Charles A.
Balance
from
$525,039
166,786
;.
May
Newhard, Cook &
depreciation
Federal
116,006
$267,367
taxes
Minority interest
Earned
31,. 1948), divided approximately as follows: agri¬
39.3%;
transportation
engines,
24%;
industrial
aircraft engines, 8.7% ; marine engines, 2.3%; replace¬
ment and service parts, 4.2% ; and miscellaneous (including automotive
32,247
int.
Provision for future decline
Profit
engines
automo¬
engines,
G. Brashears
1948
$12,634,526
investments
before bond
59,744
$854,212.
v $565,553
$509,994
75,611
income
Paid-in
at
cultural
A.
Profit from operations and miscellaneous revenue
Income
in
of May 31, 1948. unfilled purchase orders (which may be subject
to cancellation or adjustment) held by the company and its consoli¬
dated subsidiaries aggregated in excess of $75,000,000 (based on prices
A.
Consolidated Paper Corp., Ltd.
EARNINGS
$465,295
77,152
deductions
for
18,478,407
r
-i
$432,842
profit
-
-
i
As
was
pared with
In the previous
Total
Prov.
therefor, the company also produces automotive parts and
parts
1946
letter accompanying the report, F. H. Lerch, Jr., President, told
stockholders that "The volume of gas sold to all classes of customers
were
marine
used
No. of Shs.
6 Months Ended June 30—
In
*
Income
:
,
17,923,750
9,837.022
«
income —
Reserve
by
addition
In
UNDERWRITERS—The
Earnings
are
are
1220.
p.
■"
-
9,380,931
V,r';v..;
;
With SEC—
Corp.—Earnings—
1948—12
profit
Earfts.
—V.
IS—
28
incorporated
are
sold directly
sub-assemblies for
be
will
executive
the
ot
income
Federal
Net
Laundries
June
jStnd
r
$i0,302,317 $18,489,303 $19,332,619
$9,313,773
—2—
sales, etc., oper-
in a manually portable power unit,
the company, to a 250 h.p. engine for
the building of completed engines and
and
trucks.
PURPOSE—The
Period
and
produced
busses, tractors, airplanes, boats, lawn mowers and
with farm
impiements and industrial equipment of
The engines range from a IV2 h.p. air-cooled engine,
which
of
to
446.
p.
■
Mos.—1947
1948—6
1948—3 Mos.—1947
ating expenses
Notes
and
types.
in
from
ranging
from
trucks
connection
are
resignation
Division
made
was
Purchases
of
Exchange
tThese contracts, bearing interest at the rate of 4% per annum, are
secured by machinery and equipment having a cost of $2,802,195 and
Official—
announced
announcement
Coordinator
corporation.—V.
Stock
250
airplanes
in
/
.
'
York
first and
—V.
York
New
of which
24 are tiansportation engines
ranging
h.p., 45 are for agricultural, industrial and miscel¬
applications ranging from IVe to 183 h.p., nine are for use
ranging
■"■;:.:/%>
models,
to
•This
New
of
19 of¬
and its consolidated subsidiaries, Wisconsin Motor
Corp. and Gray Marine Motor Co. design, manufacture and sell a wide
variety of both, air-cooled and liquia-cooled engines using gasoline,
butane, natural gas, Diesel oil and other fuels.
Such engines are
proauced in
both L-head
and over-head valve
types
and
in 106
Ready—
Bank
Offered—
Aug.
on
company
Common stock
Definitive
The
Stock
diversified lines of such cng ines.
company
for the
(sales
Cost of
Gross
stock (par $1) at $7.50
the
on
(electricity
amounted
Net
items
Exchange.
parts and sub-assemblies for
Consolidated Edison Co. of New York,
Inc.—Output—
1948,
expense
'engines, 16.4% ;
•Includes depreciation and depletion of
-V. 167, p. 2027.
The
other
BUSINESS—Corporaiicn and its predecessors have been designing,
manufacturing and selling internal combustion engines lor over 46
years.
Today the company and its manufacturing subsidiaries com¬
prise ore of the largest independent producers in this country of
spare
$177,300
p.
common
stock
and the Detroit Siock
in
profit
168,
sundry
644.
Corp.—Common
shares of
LISTING—Common
use
1948
and
370,361
share.
per
produced
Corp.—Earnings—
bonuses
for
estimated.—V.
been
fered 300,000
some
Consolidated
343.
168, p.
Creameries Co. of America, Inc.—Earnings—
$1.66
Alstyne Noel Corp. and associates
many
2464.
p.
i
$675,222
Other
laneous
$1,069,835
269,177
$663,788
370,361
share
•Including
biles,
Net
811,296
1
shares
common
Continental
of
1,500,494
825,272
1,475,084
etc
$1.63
of
per
Earned
weekly
As
pro¬
Navy programs.—V.
$16,207,657 $14,813,802
i
taxes,
income
1947
,
Period End. June 30—
the
shares
1948
profit
k.lowatt hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of
territory served for the week ended Aug. 12, 1948, amounted to
317,360,469 as compared witn 285,531,694 tor tne corresponding week
in 1947, an increase of 31,828,775 or 11.15%.—V. 168, p. 644.
The
charges
5
the development of revolutionary gas turbine power plants, has in
duction a number of engine types for the expanded U. S. Air Force
Stores, Inci.~Earning9--
—
•Provision
(741)
CHRONICLE
.
Net
of
FINANCIAL
&
6 Months Ended June 30—
Net
plans to borrow up to $25,000,000
to
has
to dispose' of its common stock interest in
apply the proceeds toward additional com¬
in its other
stock investments
Commonwealth also
secured
construction.
for
proceeds
permission
Indiana
THE
Six Mos.
Operating
End.
Operating
Other
1947
1348
X
$3,467,361
than
2,519.514
230,382
292,895
362,435
$1,603
expenses
$3,448,455
2,722,481
revenue
Depreciation
Taxes, other
Net
Earnings—
(& Subs.)-
June 30^—
$332,216
taxes
income
operating income
234,290
497
11.880
$2,100
income
$344,096
and
formerly General Manager of Wright Aeronautical Corp., will leave
shortly for Europe to confer with military and commercial: aviation
officials on new aircraft and engine' developments, and to inspect the
Total
Interest
Prov.
on
for
Net
———-
funded
Fed. and
,/■
company's foreign activities.
Wright Aeronautical Corp., which developed the standard reciprocat¬
ing engine for aircraft and has been conducting a major program in
income
■
debt—
State
167,
p.
2C84.
V
taxes_Jt._.
,
060,f.
,,,
'
t
%
-11,941
163,200
; ■■■-.
:i!%
income
•Deficit.—V.
10,576
—
inc.
- -
-
:
:%'4$8,476
$168,955
S
THE
(742)
Months
Ended
1948
31
May
.1947
$
$
$
.
Gross earn, from utility
tOperating and
inc.
92,272,553
77,553,623
4,„-99,000-
3,597,000
tax—
84,759,157
66,759,391
98,416,977-
111,369,055
oper.______
charges
maint.
estimated Fed.
Prov. for
186,038,371 146,307,736
sales
and b.ancnes not
to subs d.ary companies
Sales
-
inc.
from
income
utility
15,499,502
15,864,354
14,163,766
268,631
oper
——
178,775
589,577
-
•
Gross
from
14,753,342
16,043,129
15,768,133
income
corporate
Deductions
;
192,480,338 153.531,750
120,467,797 96,818,627
22,734,191
19,718,457
6,482,452
5,166,777
5,452,965
4,450,383
6,254,481
10,315,168
11,592,745
8,498,862
income
Cost
of
goods sold—
Selling and administrative expenses
Depreciation of propert.es and equ.pment
income
—
retirement (depreciation) reserve,
amortization of franchises and electric plant acquisition adjustments,
taxes other than income taxes,
and provision during 1945 for acceler¬
tincludes current appropriations to
ated
Earnings
(The) Dobeckmun Co.—Earnings—
-
•
branches
Other
Operating
Other
________i
profit
—
■
•
$290,332
31,176
$217,118
21,656
Total
$321,508
—
112,663
deductions
Provision
taxes
Federal, income
for
87,689
47,922
Earnings
$78,189
$0.24
$0.45
share
per
167,
«
$143,072
profit
2360.
p.
income
Helicopters,
for
subscription at $2 per share
Rights expire Aug. 31" (midnight).
work—V.'167, p
153.
With
Inc.—Files
The company on Aug. 11 filed a letter of
for 25.000 shares cf capital stock (par $1).
SEC—
notification with the SEC
The stock will be offered
stockholders of record Aug. 6.
Pre ceeds will be used for research
to
Electric
&
Ti
company
e
ital.—V.
Aug.
on
shares
without
($1
Manufacturing Co.—Files With
13 filed
pari
letter of notification with the SEC
stock, to he offered at $3.25 per
will be used for working cap¬
a
Proceeds
Earnings
per
p.
168,
company
$100,000
16 iiled
Aug.
on
five-year
($1
par)
will
V.
stock
common
be
for
used
165,
stock
10,000 shares
exercise of warrants.
Proceeds
No
underwriter
mentioned: —
10,000
shares
debentures,
reserved for
capital.
working
of
common
and
26C4.
p.
1948—3 Mos.—1947
903,498
State
Taxes
3,085,904
2,231,355
438,986
oper.
Total
Total
per
Earn,
surplus
credits
817,500
3,532,500
2,748,016
108,000
522,000
455,700
540,-700
2.504,182
2,201,101
$12,302^43
$3,765,417 $12,873,017
30,289
134,905
1.272,478
$3,230,828
613,563
$3,795,706 $14,145,495
3,998,202
3,227,476
$2,775,392 $10,147,293
$9,109,572
1,020,314
$12,337,048
I
8,036,101
8,314,916
8,649,205
an¬
York
1st
cum.
1,864
$7,893,467
$10,811,494 $18,464,073
'•Special
343,750
343,750
1,375,000
2,152,828
8,396,029
7,965,464
to
pr.
Misc.
charges
'Of
Of
debt
31/2%
exercise
and
of
$8,314,916
June
income
tor
Interest
with
the
redemption
(& Subs.)—Earnings—
1848
1947
$17,249,190
30—
4.087.013
3.867,860
taxes
5,327,424
1,847,560
depletion
debt
and
Net
discount
income
Balance
—V.
:
j
require, on 41/2.% prior, pref.
Applicable to 6% pref. stock
Earned
per
168.
p.
share
of
6%
of
week
the
this
kwh.
V.
168.
p.
&
ended
or
tal
to
shares
1,847,070
preferred
1,108,729
1,108,729
.7,407,349
stock
.
5,564,046
$19.80
$14.87
a
25%
Net
Aug.
12,
1948. the system input of subsidiaries
to 76,768,000 kwli.}
an
increase of
the corresponding
week last year.—
Co.—Semi-Annual
Gross
All
figures
pany
In
total
apply
in the
Perley S.
Report—
the half were $28,017,724 or $2.24 per common
with $20,299,661, or $1.62 a share, for the cor¬
President,
the
to
parent
company
issued
and
wholly-owned
the
report
to
supplementary statement, Mr.
sales and earnings are expected
a
at
on-
pef
$2
the
author zed
in
exercise
issuable
in
units,
d.scharge
of
listing 675,000
stock purenase
405,000 added
plus
stock
of
for
and 405,000
purchas
capi¬
waruib.;
loans.—V.
168,
p.
.
I
250.
Kodak's
50,000
shareholders.
Hargrave said that this year's
to be above those of 1947. He
The directors of the company authorized the purchase from General
Mills, Inc. of all of that company's investment in Distillation Products,
of July l, 1948 at a total cost' of
gives the company full voting - control
of Distillation Products, Inc. which is engaged in the business of. high
vacuum distillation, including the manufacture of high, vacuum equip¬
ment.
; -i.-"v-J
purchase was
made
approximately $1,700,000.
used for working
it off ol the.e gas
SEC—
Aug. 13 filed a letter of notification with the SEC
for
6,093
shares of capital stock (par $10), to be offerrd at par.
Stockholders
of record Sept.
1
will be given right to ■ u:scribe at
rate
cf
one
new
.'hare for each five shares held.
Right? expire
Oct" 15. Proceeds will be used for general improvements, etc.
t
in
share
($50 par)
on
company
York Curb
New
share;
12,500
and
bonds
Mountain Coal Co., N. Y.—Files With
Gauley
The
General Cigar Co., Inc.
in
June
Light
less d scounts,
sales,
Gross
(& Subs.)—Earnings—
1948
1947
$19,466,250 $17,043,025
Ended June 30—
&c
16,717,139
1,832,144
71,356
81,680
g"ods
Interest
expenses—
(net)
expense
-
13,372.353
1,583,680
("9,550
32,230
$763 931
sold
Selling, adm n'strat vc and general
Employees' ret remcnt plan expense
of
"Cost
Balance
Co.—Earnings—
1947
1948
30—
Profit
$2,097,933
$2,291,650
revenue
119,567
106,474
$2,411,217
earnings
gross
1,434,427
1,271,401
76,648
62,146
85,060
$1,385,203
Profit
Federal
for
and
other
206,117
172.002
31,602
31,627
$368,991
income
on
193.372
158.432
taxes
taxes
charges
$388,865
Dividends
on
D.vidends
for
167,
dividends
as
This
and
surplus
2685.
p.
on
"Including
Fall
River
Ended
Gas Works
June
$1,772,843
$1,479,764
81,172
1,230,477
979,019
13,741
157,525
143,626
8,333
6,333
78,005
76,009
12,566
13,629
137,339
156,125
2,958
__
5.556
71,045
accruals
reserve
taxes
...
taxes
_
.
— -
287.0C0
540,000
od
$480,127
$856,547
of period
9,990.562
9,452,247
of period
$10,059,198
—
share
$93,297.
negotiated a loan from the Metropoli¬
Co. in the amount of $8,000,000.
This loan, whieh
Insurance
L'fe
tan
-
income..
22, 1948, the company
On July
65,279
103,261
Maintenance
General
1948—12 Mos. 1947
10,280
revenues
Federal inc.
1947
$121,949
$143,631
Operation
Retire,
Month
1947,
233;
Co.—Earnings-
1948
30-
-- --
$9,897,303
$0.64
$1.44
provision fur depreciation and amortization—1948, $127,at end
common
per
serially from July 1, 1650 through July 1, 1963
the rate of 3'/»% .
The proceeds of the loan,
used to repay a portion of the bank loans out¬
unsecured, matures
and bears interest at
is
received,
when
were
standing.
BALANCE SHEET, JUNE 30
C0NSCLIDATED
1948
$1,768,256
ASSETS—
Net
income_
oper.
$6,228
$1,518
$97,952
$59,735
net-
4,449
10,204
69,225
81,903
$10,677
$1-1,722
$167,177
$141,638
3,726
1,066
17.693
5,492
$6,951
$10,656
$149,484
inc.
Gross
income
rash
U
„•
_
deduc.—
interest
income
Net
168,
149.
p.
Public
1948
$1,378,051
revenues
_
accruals
reserve
99,3;. 8
97,787
income
91,679
72,176
dividend
for common
requirements
stock
Earnings per sh. of com. stk.
168, p. 150.
"" '
and
surplus
(150,000 shs.)_
47,979
$159,702
23,500
income,
$216,666
53,098
deductions
$175,367
41,2"3
$212,801
Gross, income
8,8,296
$140,604
income
(net)
stock
50,536
•
67,329
taxes
Utility operating
Income
706,913
47,545
taxes
income
$1,212,196
121,892
-
1947
902,891
Operating
Maintenance
1947 •
$1,982,254
50,000
3,600,317
3,002,054
31'4!?9'922
28SJ!£
355,515
rece.vable
Inventories
363,loy
28,7o2
1
2,713,863
40,252
Prepaid expenses
71,002
1
3,22.6,800
Sundry assets
trademarks, patent rights, etc
Land, buildings, machinery, &c. (net)
Cost of license to use cigar machines
Goodwill,
368,222
o
Utilities Co.—Earnings—
Operation
Other
$136,146
.
at cost——
securities,
Government
s.
Accounts
Misc.
$1,396,547
„
surplus
Earned
Earned
11,344
$767,127
$10,470,689 $10,308,794
preferred stock (33.50 per share)
$175,000
3175.000
common stock (50c per share)—
236,491
236,491
surplus
Total
-
on
per
beginning
at
surplus
Earned
taxes
months'
six
t'e
for
3.196
properties.
income
estimated
for
85,000
other than Federal
taxes on
before
Prof't
Pro.ision
set-uric'es and
of
sale
on
$2,204,412
expenses
Balance
and Thomas J. Hargrave. com¬
out, however, that the percentage of increase during the last
half of the year probably will be less than in the. first-half.
;
The
stock
the
of
properties.
1949.
dealt
has
stockholders
against
sub¬
hemisphere.
board Chairman,
pointed
Inc.
t/ie
sale
the
from
b< e
pric of $2,200,009. and the balance will be
capi'al.
The SEC ordered Georgia Power Co. to divest
following
Depreciation
Nat
1947.
western
Wilqox,
accepted
day
third
income
Total
Preferred
sidiaries
1,
capital stock
par)
Electric
operating
Federal
Aug. 17 reported 1948 semi-annual sales of $192.increase over the $153,581,750 for the same period
in
be
announced later by
be
capital
be
r.ot
12 Mos. Ended June 30—
on
compares
responding time
will
Excnange
($1
shares
Ended
Retirement
earnings during
This
Curb
of
River
Months
last year.
share.
pany.
preferred stuck end 125,000 share, ($5 pal) common :;t1:. totaling
approximately $3,COO,000, will be used to purchase the g s properties
in Columbus
and Air.eriens. Ga., owned by Georgia Power Co., for a
6 Months
oifered
be
Florida
Light Corp.—Weekly Input—
amounted
6.4%
over
Kodak
«s-The company
480,338,
the
be
sub¬
tne
for
to
$6,672,775
$8,516,078
stock—
645.
Eastman
established
be
to
will
March
until
r.gnts
reserved
General
;
entitles
ex-rights. w.ll
corporation's
currency
shares
warrants
—V.
corporation
4,619,000
date
offering
quoted
be
York
New
add.tional
Privately—
$1,750,000 first mortgage 3%% bonds
due Aug. 1, 1973, to Northwestern Mutual Life Insurance
Co., it was announced Aug. 18. Merrill Lynch, Pierce,
Fenner & Beane negotiated this financing for the com¬
4,642,329
448.
Electric Power
For
record
the
for
subscription
Exchange.
Non-oper.
Dividend
offering
the
167, p. 2256.
Company has sold
$8,314,916
$5,262,260
connection
in
44.
p.
income
Total
Provision
Depreciation and
upon
$1,758,776
surplus
to
Co. of Columbus—Bonds Placed
Gas Light
that
advised
been
400,000
decline in inventory
provision of $290,447 tor depreciation.—V.
"After
Proceeds
the
of A he
States
Period
expense
167,
$19,558,922
Ended
has
transferred
Balance
fc;
Operating
Months
Exchange
units
on
I'he
—V.
$5,262,260
discount
1.346,600
$2,153,776
$2.00
13,032
Eastern Gas & Fuel Associates
12
$2.16
'#*
,
,
,
pupjna.se warrants to be issued as part of the units upon
the subscription privilege .will
cqll for the r.gpt jp pur-
shares
cnase
Interest
end
bonds.—V.
$1.19
unit.
date
stock; will
capital
Exchange.
Balance
surplus,
period
of
$1.31
of the registration statement. Tne right to sub¬
expire on or about Oct. 1, 1943. The elate on which tne
Provisions
134,629
134,629
(net)
Earned
$835,932
Ltd.—Rights, Etc.—
per
name
record
will
Taxes,
property as ordered
P. U. Commission
by
$950,339
offering, with the remaining subscriptions
to 'the extent of the remaining units.
Operat.ng
153,076
453,815
Arising from reclassific.
of
449,391
$513,240
Maintenance
2,842,340
adjusts.
periods
wage
applic.
60.033
$3,505,376
Net
1,375,000
2,152,828
divs
amortization
Retroaet.
209,718
$1,325,109
423,177
effective, tdate
scribe
Other
1
stock
8,893
$1,393,730
a
135,000
his
in
Fall
$17,821,488
pfd. stock
dividends
Common
4,942
$722,958
operations
income (net)
before Federal taxes on
Balance
256,10.6
Curb
of
currency
rata
6
5%
4,037
from
448.
313,000 capital
1,696
—
Income
Provision for Federal taxes on income
profit for the year
Appropriated for future price
3,276,124
62,711
•
(net)
Total
$1,314,625
10,4"j4
for
tered
1,250.000
5,131
—
$1,390,837
'Profit
Miscellaneous
stockholders to sub¬
any number of units desired.
An oversubscription will be
handled by the allotment to each subscriber of one unit ior each 2 >
shares of capita!
stock or fraction thereof of the corporation regis¬
the
of
(Cri
nuity contract
$718,016
share—
corn,
p.
Comprising
pro
5,274,511
Cancellations under
545,653
$557,637
New
scribe
251,153
period
Misc.
433,540
the
registration
statement,
corporat.on
proposes
to
offer to holders ot its $1 par capital stock the right to subscribe ,to
shares of capital stock and stock purchase warrants in units.
Each
unit
will consist ot five shares of capital stock
and stock purchase
warrants for three shares of the stock, at a price of $7.50 in United
4,455,838
$3,225,697
begin,
315,942
$813,743
Eureka Corp.,
The
250.839
(net)-
income
471,875
chgv
other
168,
Trie
Net
598,576
.
effectiveness
660.806
deducts.—
699,705
232,261
income
5,131,580
$2,617,26;)
income
336,480
$803,706
i—
and
62,790
inc.)
income
h.842,986
$6,721,467
profit on sale's
—
Branch, general, and administrative expenses
Gross
656,920
income
United
Gross
505,230
inc.
revenue
Net
150,000
inc.
1948 >
$21,564,433
cos?orsaies":::::::-::::::::::::—:
774,143
405,907
higher than
_
291,482
than
Total
1,264,515
,
revenue
other
842,325
255,560
6%
were
YEAR ENDED APRIL 30.
FOR
EARNINGS
CONSOLIDATED
calp,
367,200
The stock
Net
sales for the first half of 1948
corresponding period of 1947.
the
297,979
oper.
Other
386,570
172,534
repairs
taxes
The
tax
(other than
$6,499,851
2,258,512
other
i
Income
62,470
plant
tax
income
$6,629,402
1,162,465
and
scription
adjust!—
income
$3,407,294
1,065,873
Depreciation
1,401.163
electric
of
acquisition
Federal
3,583,997
819,457
retirement
reserve
Amort,
1948—12 Mos.—1947
$14,011,625 $12,645,153 $51,315,800 $44,558,383
6,352,992
5.266.775
22,917,684
19,158,524
revenues
expenses
Maintenance
Appropr.'n to
$3,443,760
misc.
expenses
Maint.
of
those
revenue-
and
' $94!i9^
$1.08
inventory losses
was con.-„ideiea
the 1948 period.
in
sary
NOTE—Diet
1948—12 Mos. 1047
1948—6 Mos.—1947
30-
$70^'9^
—
shs. outstdg.
provision of $179,889 for possible
contingencies.
No corresponding provision
deducting a
other
and
nece.
June
admin,
States
Duquesne Light Co.—EarningsPeriod End. Mar. 31—
Operating
Operating
$1.62
Distrib. Exp._
oper.
and
convertible
purchase warrants;
reserved for
conversion of
par)
End.
Gen.,
leiter of notification with the SEC
debentures,
with
non-
a
5%
deetachabie)stock
($1
$2.24
share.
profit for common stock
profit per coni. share—656,049
•After
149.
Prod.
—V.
of
11,443,645
Net
Empire District Electric Co.—Earnings—
Earn,
SEC—
The
8,666,045
19,163,703
common
31,750
—
i.
I
8,666,045
surplus
Int.
154, p. 2152.
Douglass Manufacturing Co., Inc., Portland, Me.—Files
for
184,371
1947
'$976,730
49.000
Federal taxes
profit after provision for
Preferred stock dividends
common
underwriting.
With
28,017,724
1948
$754,963
Months Ended June 30—
6
Net
Balance
Net
87.000
{.hare
1,018,757
;
;
Co.—Earnings—
Gardner-Denver
20,299,661
shares—
common
on
taxes)
SEC—
for
1,102,303
taxes-.
earnings for period
Dividends on preferred shares
Taxes
I
Dormitzer
11,200,000
current
v. lbB,
current assets totaled $52,989,100 and
with net working capital of $Jo,238,ll0.
'
645.
Net
Gross
Doman-Frasier
1948,
liabilities $17,751,000,
p.
20,515
15,700,000
taxes
Net
Period
.
-
32,538,933
18,959
income
over July,
17.64,7
$13,613,000, an increase of
were
year
30,
June
At
213,999
44,838,9'fl
charges
—V.
Net
187,975
1,509,916
291,894
States
6.21%
of
this
July
first six months of 1948 were $71,337,600, an
over the same period of 1947. Sales for the month
the
1947.
income
United
of
cumulative convertible preferred
was 119,800 shares of
shares of common.
for
sales
increase
$238,774
90,747
income
259,070
consol.dated
not
Dividends
other
and
and
from subs,
which,
.
30, 1948
2,478,542
June
1947
(
Income
•
31,877,889
income
Foreign
1948
operations—
Dividends and earnings received
Other
6 Months Period Ended June 30—
42,795,898
241,2o3
from
income
Total
adjustments.—V. 168, p. 644.
depreciation and postwar
stated that consolidated income after taxes was
after provision for dividends on preferred stock
eaualcd 94 cents per share of common stock.
Stock outstanding as ox
of<. 1948
900i,
$2 367
Net
Interest
Net
Gamble-Skogmo, Inc. for the first six
of operations of
statement
A
months
3,836,000
Total
Bal.
Other
1
and traded on the
York
New
7,274,014
6,441,967
consol.adtjd
New cYork
on
preferred and common stocks were listed
Stock Exchange effective Aug. 17.
The
$
Net
Listed
Die.—Stocks
Stock Exchange—
June 12, '48 June 14, '47
■24, Weeks Ending—
1943
Gamble-Skogmo,
OF EARNINGS
STATEMENT
Subs.)—^Earnings-—
Detroit Edison Co. (&
12
Monday, August 23, 1948
CHRONICLE
FINANCIAL
&
COMMERCIAL
$168,687
$131,202
$140,187
$0.87
j
LIABILITIES—
payable
payable,
Notes
Accounts
Accrued
salaries,
Accrued
taxes
$11,500,000
714,815
Provision
for
wages
adjustment reserve
Insurance
1947
$1,059,340
Operating expenses
711,647
535,56 7
Maintenance
105.266
936,000
200,000
reserve
Common
—
(50,000 shs. of $100 pan
(472,982 shares no pari-
pfd. stock
cumul.
7%
stock
936,000
5,000,000
200,000
5,000,0'00
5,298,410
5,298,410
3,899,658
1.000,000
:
3,899,658
1,000,000
10,059,198
Capital surplus
I
Special capital reserve
Earned surplus
9,897,303
$40,549,995 $36,207,521
Total
p.
General
1948
$1,139,002
224,856
604,560
1,109,876
and commissions
other than income
on income
taxes
Inventory
—'V.-163,
Co.—Earnings—
$6,500,000
1,536,853
316,152
779,877
845,885
trade
$0.93
28,500
—V.
Frontier Power
$40,549,995 $36,207,521.
Total
344.
Public
Utilities Corp.—Weekly Output—
>99,193
12 Months End. June 30—
Gross
'
revenue
65,561
Federal
Interest
Net
—V
income
income
167.
tax
expense
p.
-
2466.
-
•
60,139
60,639
Depreciation
73.174
70.198
71.991
The
electric output
for the week ended Aug. 13,
kwh.. an increase ot 11,867,182
corresponding week of 1947.—V. 168, p. 646.
146 145,797
Georgia & Florida
—Jan. 1 to Aug. 7—
1948
$125,650
...
$169,277
Operating
—V.
168,
revenues
p. 646: '
over the
RR—Operating Revenues—
Week End. Aug. 7
Period
1948 amounted to
kwh., or Q.l-'k
1947
$81,905
$75,850
,
1948
$1,662,207
19475
$1,545,684
FINANCIAL
&
COMMERCIAL
THE
Number 4727
Folume 168
CHRONICLE
1
the interurban railroad companies acquired
Power Co.-—Earnings—
&
1948-12 Mos. 1947
1948 Month 1947
June 50—T
<sp oil 141
«tRi>
«o in
ciw
■■m,v
$25 610 222
$8,741,450
652,545
•Maintenance
267,764
255,233
3,215,505
for the same period in the pre¬
higher than those
66%
were
$22 206 465
$ I;!"!:!!?
mi"
—
Depreciation"
181,104
lb2,4V2
2,105,446
-
Earnings
Sales
rn-iev
r
Sales
Net
Lighting
"PerioclEild
1948
30,
JUNE
ENDED
MONTHS
THREE
FOR
EARNINGS
Houston
Co.—Earnings—
Products
Gerber
•
§£Jon
vious year.
Fremont, Mich, and in
The* company operates Baby Pood plants in
Oakland, Calif.—V. 167, p. 941.
limited-term
of
Amort.
electric
200
280,240
investment?—
Fed.
tVr
Prov.
other
All
inc.
;
200
-
tax_-
2,400
2,877,660
2,019,039
236,378,
144,746
172,082
taxes
„
.
shares ol
Sold Privately—The
Co.—Preferred
Gilbert
C.)
b%
revenueincome«net
Other
$5,752,085
45,784
$481,372
$530,189
120,51J
deuut.—
income
$5,797,869
1,105,311
$4,505,527
1,027,034
86,-OjO
income
•Nat
$4,692,558
389,588
pref. stock for the period
to
has sold $3,000,000 of debentures to the Massa¬
Life Insurance Co., according to Joel
Mutual
Balance
-
389,538
*
|
■•;.".••
1
v.,
»
pi
_
•
„
Tii
„ft
-
According tc the terms,-the company may also borrow $2,000,000 in
loans in addition (o xeasonhl commitments for inventory and
purposes.—V. 157, p. 1043.
.
...
.
wuin
interest ,in
named.—V.
166,
Subs.)—Earnings-
sales
Net
bsfore
taxes
-
Canadian inc.
603,107
taxes--.
Totar
$6,153,558
1,388,218
579,024
$7,323,587
1,598,353
.—
income
Provision for U. S. and
nTo
1947
1946-
$3,494
$3,119
281,557
272,305
336,236
232,025
sale___
33,073
April 30—
revenue
Total
oper.-
tax
■-Income
1948
———
on
$992,246
Net profit
Earnings per
—V.
166, p.
$809,194
$2.4'7
$2.02
share
common
7"'
American
Great
12,964
prolit-.
"Loss.
99,556
the
For
months
six
142,111
"147,955
included
1947,
ASSETS—Cash
1948—12 Mos.—1947
1948—Month—1947
.
Operating
Prov.
Amort,
$5,483,473
205,637
174,788
2,560,486
34:833
30,000
396,338
-4,000
4,000
48,000
48,000
('393,285
383,482
70,806
of
General
'profits
1765,664
excess]
tax
and
additional tax
1944
on
banks
APRIL
SHEET,
and
on
30,
1948
-Gross
accounts
&
$116,366
$1,319,700
and
v
$1,416,148
16,570
14,165
174,008
170,170
147
205
2.328
others,
bonds
hand, $55,810;
working advances—
income
2,274
27,709
21,173
pfd.
5,513
€6,156
66,156
$94,619
$1,054,154
$1,161,116
5,513
stock
$1,227,272
$1,120,310
$100,132
$64,293
on
"
Balance
—*V.
$58,780
168,
151.
p.
Watch
Hamilton
Co.—Earnings—
Period End. June 30—
$1,007,968
earnings
Selling, adv. & adm.
Other
$1,587,966
$1,798,889
$956,666
,
647 091
467.333
413.916
913 M2
&
exp,
< net >
Cr4,613
Brl58,078
Cr6,225
Drl45.736
Fed.
inc.
taxes
215.000
230,000
352,000
398,000
$330,248
$154,673
$539,572
payable, $50,000; accounts payable,
$83,541;
$3,410; accrued taxes, $35,431; accrued rents
interest on second mow first), mortgage
payable),
$3,391;
deferred credits, $13,919; .,long-
&
(currently
exi).
income
Earnings
Preferred
$9.46
167,
0.31
0.86
1.21
Hart Schaffner & Marx
Ofi'/JF
Tnnl
TCfUlptt
am
CO.—Otter
1001
Kellett
on
Judge
James
-6
Mos.
End.
sales
Cost
of
May
and
discounts,
leased
depts.
Other
Profit
17,552,242
8,871,548
7,277,888
.$2,647,758
75%
the
Of
its
Fed.
and
profits
Dividends
Earned
—V.
for
tax.
40,292
$2,705,640
State
inc
on
$2,771,625
inc
on
1,082,460
1,163,000
$1,623,180
$1,608,625
425,559
$4.58
tax.
period
paid
ptr
168.
430,119
$4.44
,
!
2
share
common
646.
p.
Haverhill Gas Light Co.
Period End. June 30—
Operating
Operatic
Retire,
1948
$1,031,819
$861,219
46.949
785,675
593,263
4,886
70,534
61,006
2,917
2,917
35,000
35,000
7,653
6.648
84,806
78,840
Cr5
accruals.
4,466
24#109
35,231
tax3S
inc.
1948—12 Mos. 1947
1947
$72,526
6,088
_■
res.
Federal#
Month
68,919
n
General
-Earnings-
$85,837
revenues
Maintenance
Aunrnvprl
Approved
Net
Maxes-,*
-
$31,695
$57,880
3,145
33,034
29,804
$9,805
$64,729
$87,683
•-
nei
income
Interest
$6,660
income
income
Gross
$266
2.270
$2,535
operating
charges
-V.
168,
le*l-
of
its
Heileman
for
710
304.
$64,019
$87,379
each
stockholders
Brewing
Aug.
on
share
10
of
Sept.
Stock
Co.—50%
declared
1.
stock
a
stock
common
record
of
and
outstanding,
cash
a
16,
50
one-half
dividend
Sept.
of
10
50
cents
10.
Sept.
Cash
March
15
and
year.
the
1947,
June
p.
this
14,
of
payable
share, payable Sept. 17 to stockholders of record
distributions
of
50
cents
each
were
also
made
on
In
Distribution
dividend
per
June
dividends
Sept.
15,
75
were
cents;
paid:
and
March
Dec.
15,
15,
25
cents;
$1.50.—V.
167,
1470.
&
of such
Hercules Powder Co., Inc.—New Branch
Office—
Booming
sales of Toxaphene,
chlorinated
camphene, new cotton
poison recommended by nine leading cotton-growing states, has
insect
The
located
who
the
in
for
western
company
Dallas,
new
to
branch
past
state
manufacturers
for
has
date
pur-
The company has
5,000,000shs.
1,916,805 shs.'g
six
and
ENDED
months
twelve
JUNE
30
1948—12 Mos.—1947
1948—6 Mos.—1947
3,113,971
7,893,714
6,274,580
1,136,698
1,552,500
890,926
1,224,000
2,117,934
2,892,500
1,876,942
2,439,839
operation
for
has
company
—_—_
depreciation.
...
...
1,271,198
1,124,257
2,422,524
1,899,000
1,616,900
3,162,100
2,923,225
Net oper. revenues..
"Dividend received
tInterest received
$4,091,981
30,000
$3,577,711
$7,140,676
30,000
$6,512,849
$4,121,981
876,551
$3,648,789
648.907
$7,170,676
1.607,249
$6,677,336
1,395,004
$3,245,430
$2,999,882
$5,563,427
$5,282,332
Net
;
Public
Kewanee
*
'
income
2,184,693
Service
164,487
71,078
Co.
Central Terminal
tFronr
Co.,
a
subsidiary.
NOTE—Undistributed
earnings
of
Public
Kewanee
Service
Co.
since
acquisition as of Jan, 1, 1948, applicable to the investment of Illinois
...
Co.
Trust
been
has
appointed
underwriters—The
trustee
shares
of
...
.
for
underwriter
are
N.
Power
was
Y.
established in 1870 and has mills at
Manufactures paper markers' felts and
Tfce
Ro<?tnn-Mprrill
Lvnrh
Pierce
Fpn-
&
15J25
_
a
new
technical
service
branch
will
years
federal
be
Building.
has
immediately and will be
It wilp-be in charge of P. J. Reno,
opened
been
agricultural
working
agencies,
with
cotton
various
growers,
Toxaphene dusts and sprays.—V. 168, p.
south¬
151.
and
to
purchased
be
of
by
company
redemption
Beane.l
G. Becker &
Co.
of
shaies
7.0
70
7.0
of
group
an agreement between
the company
headed by The First
Boston Corp.
Under
underwriters
Pierce,
Sept.
of
holders
the
17,
any
Stock
York
stock
of
the
company
early
part
payments
on
3.25
Co.
2.25
2.25
J. J. B. Hilliard & SonKirkpatrick-Pettis Co.—
Maynard H. Murch & Co.
1.50
The
0.75
0.75
0.75
0.75
<C9Q
Hall
M.
Co.
&
Marks
Walker &
&
Co
npr
cVrnrp
with
Co
—
•
The stock
is
listed
on
the
allo'w
^
cxpei}scs
&
other
for-
which in
^03,934,363 223,212,151 200,901,484
9q'o!^'9b!?
8,240,382
^o^qir? 1i«'iiria^
8,579,381
16,315,345
18,242,669
2,954,322
3,795,320
4,749,625
.
under
km
oiminui
16,lo8,503
27,712,91/
32,319,043
843,520
—
843,520
——
______
Drl,411,133
rnn
«
,ro
retiremt-.
plans
_
Dr5,911,133
—
.
utility
Since
1937 were consolidated with
,
ccc
00
15,243,029
14,747,370
28,o56,437
nnn nno
1 na« S67
2,000,000
3,088,867
2,000,000
3,088.867
11.658,503
23,556,437
,
nflo
ofi7
9
oc
,„„oin
,,r,„,nn
nA~
Net profit for period
Approp. toward reserve
for invent, price adj.
Approp. toward res. for
26,407,91
replacement of capital
assets a- curr. costs_
o.uuu.uuu
1,500,000
:
Balance
to earn
—V. 168, p. 647.
surp
1
—..
14,399,o09
^
Net profit from oper.
Profit on investment—
Cost of prior serv. benefits
and St. Louis, Mo., and certain public
operating in Kansas, Iowa and Missouri.
103,126,026 221,389,738 199,484,239
808,337
.1,822,413
1,417,245
—
—»"
2,029,410
eign taxes
,
was
115,327,877
903,374
116,231,251
__
income
New
1948—6 Mos.—1947
$
$
re¬
disct
income—net
Total
$
$
less
sales
turns
other
.
c
(& bUDS.)—HjarningS
1948—3 Mos.—1947
Gross
<
.
companies operating in Illinois,
W,
Ohio
of
Staats
pommission nf 75 cents
.
organization it shas acquired the assets of certain other public utility
companies operating in Illinois.
Subsequent to organization it acquired,
all the capital stock and the funded debt of
four steam railroad
V
n
International "apei* Co.
incorporated in Illinois
May 25, 1323, under the name Illinois Power & Light Corp. by the
consolidation of 18 corporations with were engaged primarily in the
public utility business.
At organization it acquired the assets of eight
other companies engaged primarily in the public utility business, andall
the
common
stocks
of
certain
interurban
railroad
companies
•••<••
R.'
P- 6*6*
Period End. June 30—
of 1941, the company has mainits preferred stock, paid arrear-
BUSINESS—Company
Illinois
1 50
(Inc..
H
pursuant
slock
sicck.
(since soldi
Onlif
llso
Co
Pep 53nap^' ™^TTa commission 01 ID cents,
ine Stout
offered by White, Weld & Co. was oversubscribed in the
elapsed time of five minutes—V. 168, p. 346.
accumulated prior to that time on its preferred stock, paid in
outstanding dividend arrears certificates
(with respect "to'
in arrears on
formerly outstanding preferred stocks) and
has since Aug. 1, 1947, paid quarterly dividends of 50 cents per share
comnanies
1.50
Newhard. Cook <fc Co
International Harvester Co.-Special Offering-A spe- -
its
AND
1>50
1.50
Co.
Co"Zi:
ages
ronnnon
common
1.50
Farwell, Chapman & Co.
The Illinois Co
The Milwaukee
cial offering of 18,334 shares common stock was COmon the New York Stock "Exchange Aug.
19 at
dividends
if.
11.,
.
Wiiliam
Canadian
the
<
POiCific
U. S. Fed. & state taxes
dividend
current
1.50
Co
&
—
pleted
Exchange.
DIVIDENDS—Since
tained
Blair
Byllesby and Co.
of
stock
common
M.
<Inc >
7 0
7.0
Bacon, Whipple & Co.—
Fenner
1948,
preferred
LISTING—The
H.
4.5
—*•
and
ami
& Beane the underwriters will purthe 472,954 shares not taken by the
to the conversion offer.
The
proceeds from this sale will be applied to the redemption of any outstanding shares of preferred stock.
By agreement with the company, the underwriters will form and
manage a group of securities dealers to obtain
by solicitation conversions of the preferred stock into common stock.
Transfer agents, Chase National Bank, New York, and City National
Bank & Trust Co. of Chicago.
Registrars, Guaranty Trust Co., New
York, and Continental Illinois National Bank & Trust Co. of Chicago.
Lynch,
chase on
Co.,
4 5
G
statement
th3 (preferred-stock.
&
1.50
William
15.125
Inc.--
Laurence
has:filed with the Securities and Exchange Commission
covering the proposed
issuance of 472,954
additional common stock to piovide for the conversion -of
•
Baird
Karrfe(
company
registration
W.
Inc.
Paine, Webber, Jackson <fe
announced Aug. 16 a refunding plan
of a.l ot the company s ou standing
S^V£°f the 5% cumulative preferred stock outstandiag
The
the
each
^rihcim'&CoZ^Z^:
which calls for
5%
cumulative
convertible preferred stock.
Holders of the preferred have the
lege until the close of business on Sept. lb
1948 of converting their
holdings into common stock at the rate ol two shares of _common lnr
each share .of .preferred
held.
After that dale the holders of the
preferred will be entitled to receive only the redemption price of $52.50
per share plus accrued dividends to
the date of redemption.
There
The
the
Robert
Pierce
GIore Porgan & Co
Kidder, Peabody & co.__
Common—
Into
Lynch
Corp.
Bb'th & Co
Central Republic Co. (Inc.)
Jiosion-iyierriii Dyncn, fierce, r ento Solicit Conversions of Preferred
& Beane Group
ner
a
several underwriters
severally
stock,
follows:
as
Boston
Pirst
Merrill
Co.—Arranges for Retirement of Pre-
stnpk
Firqf
&iock—rirsi
fprrpd
lerrea
a '
(he
of
names
unconverted
of
Fenner
Illinois
operating pn
office
three
and
of
establish
Texas.
the Gulf States
the
that
since
generating stations to supply
Gross income
Int. on fund, debt, etc.
x
in
and
requirements.
%
business
Rensselaer,
HISTORY
cffice
and
4,105,808
blankets.
on
on
prompted
purchased
energy
—
•
Debentures
placed privately
,
Bank
Hanover
Albany and
full
following
cents;
■'y;'-i'.v
requirements,
Taxes, other than taxes
on income
_____
Prov. for Fed.> nor. inc.
tax: and surtax
•
directors
share
28
$9,777
151.
p,
(G.)
The
to
3
$2,532
income
Net
total
Maintenance
Othei
'Tpn
Huyck & Soils, Rensselaer, N. Y.
company's
Merrill
Non-oper.
company's
requirements
Curtis
Net
k&v-:'
April
debentures.
The
$2,731,333
expense
operations
Fid.
purchase,
unconverted stock an-1 the respective percentages of the total number
Central
20,810,336
sold
before
for
production,
the
Power co. in common stock of that company amount to $42,968.
$27,661,462
$32,329,643
income
Prov.
in
__
"From
Privately—The
Placed
the
less
allowances
57,882
from
in Vandalia,
Operating 'revenues
$18,841,863 $16,394,976 $35,099,031 $31,384,829
Power pur. for resale.
4,043,419
4,173,898
8,165,534
8.061,540
Gas pur. for resale
741,259
,673,313
1,304,049
1,111,161
'
A.
Profit
ended
Period End. June 30—
offer.
(F. C,)
1947
1948
from
and
admin,
&
gen.
electric
purposes
^
p
Subs.)—Earnings—
(&
31—
income
returns
goods
Selling,
City
its ice properties
,
.,
McGranery
P.
,
Gross
was
$800,0C0 15-year 3V2% sinking fund debentures due Aug.
1, 1963.
Proceeds will be used for general corporate
2686.
p.
Mound
and
program fQr fhe construction of electric
former
$11,52
$15.46
$4.43
0.76
Common
—V.
which
"Additional bonds of the 2%% series due 1976, 3'/8% series due
1973, or of other series, may be issued under the mortgage upon
compliance with the terms thereof.
accrued
in Federal Court at Philadelphia has given tentative approval to the $150,000 offer by Hughes
Tool
Co.
for'patents, dra'wings and government contracts for
the
XR-17 helicopter now under development by Kellett Aircraft Corp.
'At the-same'time the court set Aug. 27 for a
further hearing.
Counsel
lor Fairchild
Engine. & Aircraft Corp., which previously
offered
$185,000
for the
entire helicopter 'division ->of< Kellett,
said
his company may raise its bid of $235,000.
Hubert S. Ingersoll, Jr., representing the 'Kellett company, said a
of rtPrkholdprs was willing to subscribe $50,000 of new capital
if
the
company
would
apply to the Reconstruction Finance Corp.
for a $150,000
loan as part of a plan to reorganize the company.
This
would
make
it
unnecessary
to accept either the
Hughes or
•Federal
share:
per
com-
Prov.
llnoliup
.Hughes
Fairchild
Net
its
Common stock (no par)
-
at source,
$12,305;
$402,119
inc.
State
1P48—6 Mos.—1947
1948—3 Mos.—1947
Gross
months
12
.
tatively—
Dividends
was
were
the
CAPITALIZATION, GIVING EFFECT TO PROPOSED TRANSACTIONS
Authorized
Outstanding
First mortgage bonds
"Unlimited
27/e% series due 1976
$45,000,000
3'/e% series due 1978
15,000,000
Non-callable underlying (closed) 5%
.
„.
v
mortgage bonds, due March 1, 1959
(St. Clair County Gus & Electric Co.) $5,000,000
1,233,000
Sinking fund debs., 2%% due 1966
9,000,000
9,000,000
Serial pfd. stock ($50 par)
1,000,000 shs.
and
from reorganization, $331,703; earned surplus, after adjustment of depreciation reserve ordered by ICC, $336,327; total, $1,655,995.
—sV. *166, p.'54.
•
'
:
'
2.467
453
deductions
Net
the
substantially all
...
(Drt
expense-
June 3, 1947,
transportation system,
primarily
engaged
of
in-
'LIABILITIES—Notes
318,000
$81,170
income
prenv.
is
chased approximately 6S%
R
$27,126;
cost,
Amort. of debt
Other
and
194 7, for $20,000,
company
earnings
;
long-term debtdiscount,
on
'
-
arising
Int.
On
company.
789,717
1,95 r,021
taxes withheld
'
and
supplies—at
'
_-i__
taxes
income
'
acquis.
plant
41 302
4I"iU2
property
the
properties
gas
Approximately
«oB7 ofin
$9R7,h80
Point
of
accounts
generated during'the 12 months ended April 30, 1948, was purchased
oilierof 90%
companies. Prior to Sept. 1, 1947, the company purchased
in
excess
95,988
depreciation-x
.adjustments
Fed.
$421,142
expenses!
for
$4,912,363
$396,446
in
$1,345;
agents,
and
iGulf Power Co.—Earningsrevenue
39 050
^'U5U
<RiQK 071
$.396,231
which,
30, 1948, the percentages of 3total $
operating revenues of the company, by classes of service, were approximately as follows: Electric, 30%; gas, 18%; steam heatingy water! and;:*
ice, 2%.
claims receivable, $6,653; material
floating equipment, terminal property
and equipment!(less reserve for depreciation of $2,482,091), $1,110,654;
land and land rights, $356,190; improvement on leased-property (less
amortization reserve, $20,398), $1,854;- non-carrier physical property,
$50,176; investments—at cost, $50; cash in sinking fund for second
(now first) mortgage bonds, :$4; deferred charges and prepaid expenses,
$46,133; total, $1,655,995.
to-
non-
Period End. June 30—
38*427
■»*«"
C19Q ibfi
$329,126
BALANCE
recurring income of $167,000.—V. 168, p. 150.
Gross
Indian
of
$7,362,931
30,
June
ended
37 503
37,503
exclu-
$19,542,207,
prop-
For
11704
c770 P9Q
$372,828
amortiz
amoitiz.„_
sale
10 140
for
RR.
its
water
12,521
004
q
at
of
come.
$4,047,917
S$2,831,019
"195,316
$2,101,202
11,917
«iri
deficit
"On
1948—6 Mos.—1947
1948—3 Mos—1947
sales
Net
(& Subs.)—Earnings
Industries, Inc.
.'Period End. June 30—
Net
and
and
Deorec
Dtpiet.
2586.
not
Net
f
hnnh<
e
—^
14,409
amount
transmission, distribution and sale of electric energy and hi the purclme, distribution and sale of natural gas in the Slate of Illinois.^
$11,872
7n,o
the
the company exceeded the consideration received therefor by $4,905,516,
$249,940, $91,222, $25,996 and $97,089, respectively, which amounts
were charged by the company to its depreciation reserve. ■. ,
..
1945
$498
Ton
.
of
excess
Litchfield, Greenville and Hillsboro on April 26, 1948, for $42,500.
The amounts at which such properties were carried in the accounts of
EarninfP?
expenses!..,
6 Mos. End.
1947
1948
Net
Rivar ttav" 'Line
Hnrlvmi
®
3u-
June
x.iiueu
(&
Co., Inc.
Hosiery
in
the company disposed
and
The
Gotham
Six
1945,
properties cn Dec. 20, 1943, for $1,736,918, its Jacksonville ice
1579.
p.
$3,052,105
was
IllinoiJ Terminal
ertlcs on Feb. 11,
on
company
the
in
electric And
j.
cTrr1
Files WithSEC
Aug. 11 filed a letter of notification with the SEC
for
$150,000 '10-year '5%-- convertible debentures
due Sept. 1, 1958.
Proceeds will be used to retire an outstanding $75,000 bank loan and
ta
reimburse 'the
issuer
for capital expenditures.
No
underwriter
-The
term
.
1—Tjsioe,
■'
/
fodated in Peoria and suburbs, on Sept. .27, 1946, for $425,301, its Mt.
Vernpn waterjhproperties on Deo. 10,i 1946, for $737,654, its Cairo
$3,088,905
•
^Howard Industries,, Inc., Cnicao0, III*
which
In- December,
company disposed Of Its only urban
$4,302,970
•"
4s>.-
p
....
Gpldblatt, President. The debentures will run for 15
and carry a 3%% interest rate with sinking fund
payments of $140,000 annually.
years
other
—_
-
168
—V
:■
pany_ disposed of its investment in Central Terminal Co. for $6,800,000,
winch was approximately the net cost thereof to the company. The
$3,478,493
,,
chusetts
^#;:V'V/.
,
sive of substantial tax savings'expected to result from the sale,
$27,312,821 less than the amount at which such investments
'
carried
$395,282
$459,670
—-
Dividends app.
} Goldblatt Bros., Inc.—Sells Debentures Privately—The
company
the company.
of
60,160
—
—
form
to
which investments in such subsidiaries were carried in the accounts
$4,445,367.
entire
To., i
™
?old lor $15,220,000
—__
$478,546
2,826
•
13,447
-
inioir.e
Gross
Phila¬
Penn Mutual Life Insurance Co.,
delphia.—V. 168, p. 449.
be sold at par to
$536,742
•Net operating
Aug. 3 autnorized the issuance of 6,500
cumulative preferred stock (par $100; to
on
"
L
.
2,400
2,626,491
1,569,545.
,
(A.
stockholders
organization
®ar«®« .'tocK ano vcextain indebtedness of
•
0«? April 14, 1942, the SEC issued an order requiring the company
to divest itself of . Ito investments in its Iowa subsidiaries,^ Des Moines
Electric Lignt Co. and Iowa Power & Light Co.; Illinois Terminal RR,;
Central Terminal Co.; and the .company's water, ice and transportatioh properties.
In September, 1943, the Iowa subsidiaries were
1,870,946
..
at
;
AtSS!''S2.' ^ ■?c3u,re{1 a"r?f i
Central Terminal Co,
• ^TJfpSd o!) *hich ownctl
aue,*>
;
2,526,559
'
7
(743)
.
11 743 029
—
*
23,319,043
.
'v
THE
(744)
8
) International
Buffalo—Asked
Ry„
York
New
pany
"who
P.
The
said
k-
'<?."*
'
,
,
had approved an opinion
the proposed action was
it
which he said
in
Burritt
*
»
,
of
problem
W
permanent solution to the
company.—V. 166, p. 1052.
.
by Com¬
the "only
Net
Fed.
taxes__
income
shs.
Pref.
Earned
preferred
7.
79,000
$11.27
79,000
—
$13.25
share—
year
June
17
Proceeds
be
would
to
used
pay
operating revenues
*
Gas and electricity purchased for resale—
Operation:
,
Operating
1943
$2,625,845
1,908,590
revenue
Operating
expenses
Federal
state
and
local
income
and
Operating
misc.
Federal
2,946,956
taxes
2,525,577
60,419
1,608,994
2,139,527
payable
Deductions
Net
_
from
166,349
$5,668,114
1,311,819
otherwise
est'mated
write
off
debt,
of
discharged
earnings
1948.
Without this
approximately 22.76c
share
per
of
stock.
common
income tax for the three months
by
approximately $11,000 due
the consolidated tax return of
Ogden Corp, (former parent company).
Deductions from gross income are not shown for the three months
ended June 30, 1947, as they are not comparable due to the reorgani¬
zation effective March 31, 1948 —V. 167, p. 1695.
NOTES—The
ended
June
of Federal
provision
30,
inclus
the
to
1947,
reduced
was
the
of
on
$3,744,459
2,272,424
Investors
Income—interest
$248
was
176,041
-
$810,671
$145,285
—2,407
—
Management compensation
ordmarv
Net
$244,608
3,181
3,890
55,791
—
Taxes
security
l.i
44,778
43,295
$177,423
$134,195
184,092
145,722
197,429
income
—
*88,215
/
(exclusive of
transactions)
div.dends.dtc.arcd
-Cash
"
TjOss.
the
+Excludes $105,873
273,857
dividends charged to profit from
security
transactions,
both
BALANCE
ASSETS—Cash
on
1948
deposit
(cost,
$8,767,678),
receivable for
in
Irving
$10,167,159;
securities
LIABILITIES—Payable
to
Investors
tract
(for
Trust
$580,010;
Co.,
div'dends
securities,
securities
Co.,
Inc.,
end ng
June
$43,282;
purchased,
under
30,
interest receivable,
total, $10,812,193.
and
sold, $31,216;
for
Management
quarter
terms
unrealized appreciation on
—V.
168, p.
1948),
payable
management con¬
of
dividend payable
July 15, 1948, $91,434; accrued taxes, $2,372; investors shares ($1 par),
$703,341; paid-in surplus, $8,390,489; undistributed net ordinary income, $31,481; undistributed surplus from security transactions, $126,*756;
securities, $1,399,481; total, $10,812,193,
Co.—Earnings—
21—
1948
1947
1946
$10,098,588
$8,583,279
$7,287,849
7,734,201
6,100,266
4,900,420
Operating expenses
for
and
Federal
estimated
excess
in-
profits taxes
631,936
income
Dividend—
(net).
766,270
336,223
$2,146,790
$1,621,159
26,718
27,664
32,207
$'1,759,170
income
Interest charges, special charge
(Other deductions __i__
$2,174,454
$1,653,366
and
639,153
919,987
781,956
$1,120,017
—V.
$1,254,467
$871,410
167, p. 2468.
0.
of
12 Months Ended May 31—
Total
Income
1947
1948
Other taxes
■
revenues
expenses
taxes
Provision
&
maintenance
1946
$5,888,818
$5,421,986
3,871,059
3,159,546
436,150
2,707,344
372,725
The
United
to
the
B
Inc.—Plans
Bakeries,
of
for
2/5ths
and
would
cents oh
40
will
579,650
of
share
a
exchanged
be
of
for
each 2/5th
of
a
stock.
common
new
shares
two
share of common.
jbe convertible.—V. 167,
not
aircraft
the
amount
of
ler &
Each
common
new
of
months
six
Orders
and
has
Lehigh
ment
to
Officials
at
in
The
to
See
Offered—B. C. Zieg-
1948; due April 1, 1932.
IJinois
Bank
National
National
First
Bank
Trust
and
Co.,
West Bend,
of
Chicago, trustee
West Bend, Wis.,
proceeds will be deposited with the trustee in the cor¬
building fund account and will be disbursed by the trustee
work and materials in connection with an addition to
net
construction
for
The
Hospital.—V. 166, p. 55.
Little Company of Mary
Loomis-Sayles Mutual Fund, Inc.—Registers
With SEC
11 filed a registration statement with the SEC
shares of capital stock.
The shares will be offered to
without any selling charges or commissions at the current
The company
or. Aug.
15.000
covering
invested $500,000 in short-
tha
public
net
Structure
'
ICC
of
the
the
first
Mahaffie
road
hearing
Adjust¬
asset
value.—V.
166,
1053.
p.
Louisville Gas & Electric Co.
plan
a
on
of
The
of
at
due
three
are
proposes
between
the
extend
to
1949
and
maturity dates on $45,354,000
to change the interest rates
general consolidated mortgage gold bonds.
of the general consolidated bonds,
bearing
and
CONSOLIDATED INCOME
Operating
Operation
Gaugh,
fortable
mated
be
the
said
changed
proposed
charges
Duffy,
v.
$1,018,755
$1,121,187
$1,057,928
452,017
499,541
131,271
140,672
$537,899
$417,714
etc.
Work
make
available
to
the
project
one
'
^ i+SJ-fUS:.
Mexican Gulf Sulphur Od. helow.—V. 167, p. 2687.';
i■ t
.
of
its
•
V:
Total
Net
5%
value
per
38,494
1,371,153
taxes-
1,331,000
2,243,100
beginning
fiscal
income
1,225,600
88,100
2,510,400
93,000
176,100
162,800-
$2,693,623
$2,516,668
$4,921,000
income
_
139,388
395,985
$2,656,056
$5,316,985
deductions
$4,751,234
820,171
1,712,702
1,632,804
income
on
$1,835,885
$3,604,283
50,000
100,000
100,000
488,008
976,016
775.382
X,603,059
976J015
1,550,763
890,731'
—
-
$1,958,360
$3,118,43(1
capital stock—cash:
50,000
pf. (par $100)
cum.
488,08
►fd. (par $25)
801,529
^
168, p. 647.
Trucks, Inc.—Earnings—
1947
1948
Months Ends June 30—
$62,659,862 $58,506,143
i
4,059,917
5,723,335
Net income before Federal income tax
1,610,000 ; 2,303,000
Provision for Federal & Canadian income tax—
Net
of Emanuel M. Cohen,
of the Scovill Manu¬
155,468
$4,449,890
301,344
$2,849,091
income.
income.
other
Mack
6
;
corporation
share of the
close of its fiscal year on
the
54,394
1,526,538
Common
—V.
to
the
of
19,237
703,072
5% cum.
Lehman Corporation—Asset Value Risesasset
738
821,523
Dividends
Barnett, New York financial analyst.
the readjustment plan feature providing
that 75%
of the interest be contingent on earnings and cumulative
for only three years.
It also objects to the formula set forth for
calculating the annual available income.
' "
The
committee
announced
that
it
plans to solicit
authorizations
from holders of the securities represented by it "with a view of ob¬
taining a fairer treatment than accorded by the readjustment plan."
Other witnesses appearing in support of the plan were A. W. Whit¬
tlesey, Vice-President of the Pennsylvania Co. for Banking and Trusts,
Philadelphia, and Robert Thomas, Secretary of the Keystone Cus¬
todian
Funds,
Int., Boston.
Both represent bondholders.—V. 168,
p. 547.
Net
expenditures, &c.
(other than inc.)
Income
Harold
objects
contractual
of
Net operating
A.
Nemerov represents a committee composed
President of Croydon Corp.; Frank Engstrom
$1,051,248
exp.,
Eugene
and
2,253,000
Federal
been in effect since 1933, Mr. Gaugh esti¬
would have been earned in all but two years.
Mr.
Co.,
2,448,000
State income taxes
plan
date.
committee
1,156,500
cap.
Vice-President
Witness,
1,786,836
1,246,500
Gross
in charge of traffic,
said the road
1948.
Schmidt, Jr., a Vice-President of the
Metropolitan
Life Insurance Co.,
testified that the Lehigh Valley
proposal is "well balanced" and in the "best interests" of bond¬
holders.
4
"
\ v;
Mr. Schmidt said the insurance company holds $4,200,000 of Lehigh
Valley bonds.
He estimated that fixed charges under the new plan
will be at the rate of $4,150,000 annually.
:
Joseph Nemerov, New York City, counsel for a bondholders' pro¬
tective committee comprised of holders of $1,900,000 of general con¬
solidated mortgage gold bonds due 2003, was given until Aug. 28 to
decide whether he wants
to cross-examine the witnesses at a later
John
Another
2,062.334
Taxes
by
margin," he said.
the
fixed
10,003,428
839,987
Depreciation
4%.
would
$22,308,701
1,061,422
Amortiz.
Comptroller,
bonds
1S48—12 Mos.—1947
$13,310,726 $12,176,371 $24,700,750
11,001,984
5,627,207
6,062,920
revenues
Maintenance
There
interest
interest rates on the general
making 25% of the interest
fixed and the other 75%
contingent on earnings.
In addition, four
shares of no par value common stock would be issued to. the holders
of each $1,000 of general consolidated bonds.
Mr. Gaugh said the railroad earned its fixed charges in only 11 out
of the past 20 years.
The 1942 and 1943 years were the only ones
in
which the
$6,000,000 in fixed charges were earned by a "com¬
E.
ACCOUNT
1948—6 Mos.—1947
Period End. June 30—
and
1957
of
series
4V2 %
5%,
$1,091,223
29,964
39,173
output
for
hours
Act.
company
$71,754,0d0
on
of the company for the week ended Aug. 14, 1948,
kilowatt-hours as compared with 35,513,000 kilowattthe corresponding week last year, an increase of 27.5%,
Electric
totaled 45,271,000
legislation,
bonds
(Ky.)—Weekly Output—
.
17 before ICC Examiner Walsh
debt adjustment under provisions
appeared Aug.
adopted by the 80th Congress, enables a railroad
to voluntarily change its
debt structure with the assent of 75% of
the holders cf each security affected providing the ICC approves. v.
This
26,057
sulphur plants. It has agreed to conduct all production operations and
'
regirtration statement with the SEC
interest.
registrar;
to
Debt
RR.—Offers
Valley
the
of
$1,025,192
Sulphur Co., Inc.—Exploration
agreed
a
of
warrant
April 1,
poration's
approximately double
to Richard M. Mock,
recent weeks from
six of the
$900,000.
Additional orders in
total
manufacturers
aircraft
This
Jefferson Lake will take charge Immediately of further exploration
and
Minneapolis—Regis¬
Co., West Bend, Wis., on July 29 offered $331,000
mortgage 314% sinking fund bonds, series B, at
Continental
The new preferred
according
ago,
quantit.es are in negotiations-.
The dorporatlon .reports it has recently
term government bonds.—V. 168,' p. 347.
the
of sUlphur/
13 filed
shares
100,000
Dated
large
facturing
The company has concluded agreements with Mexican Gulf Sulphur
Co. pertaining to deposits of sulphur in the state of Vera Cruz, Mex-
sales
of America, Inc.,
Corp.
present
and
101
2688.
p.
developments
and
accessories
as
Vice-President.
Executive
490,000
in Mexico—
work
rust
.
first
corporation** on Aug. 11 reported that orders received in the
brodght its backlog for electro-mechanical equipment
626,238
—V. 168, p. 449.
iaOi
Plans provide for producing a complete line of
rust-preventative compounds and in addition a
preventatives."—V. 168, p. 449.
year.
approved
Little Company of Mary—Bonds
reclassification each share of class A
one
share of new $1.80 cumulative
months
687,898
income
Lake
the company.
of
common
stock ($1 par).
Stock will be
holders for $3 per share.
Proceeds wi.l be
for additional working capita).—V. 166, p. 1685.
to
used
Inc.—ffclectro-Mechanical Backlog Doubles—
Lear,
The
last
514,000
deductions
Jefferson
division,
sales
paying agent.
$505,132
&
new
a
the
528,000
^
—
disc;
this
"industrial
of
covering
shares.
B
proposed plan
exchanged
stock
76,606
of debt
announcement
The company on Aug.
Reclassifi¬
present rate of distribution orr the common stock, each
stockholder would receive $1.80 a share on the new preferred
A
stock
into
an
Ark., refinery.
Engineering, design, and procurement are
cojnplete and completion of the plant is scheduled for De¬
of
Lithium
meeting Sept. 10 will vote upon a
and common stock in exchange for
special
a
preferred
class
be
share
At
class
at
new
and
A
would
preferred
and
issue
class
469,510
earnings
Interest on bonds
90%
sold
stockholders
class
entry
in
17
ters With SEC—
783,400
retirements—
Net
Amortiz.
$6,580,375
...aiiU——
for
Net operating earnings
Other income
Net
Delaware—Earnings—
*
operating
Operating
167, p. 1923.
department,
Dorado,
line
expects $30,500,000 in gross operating revenues for
Gross
reserve for
protective
government
30.—V. 167,
of record Sept.
holders
to
1948,
10,
Langendorf
Had
$1,732,452
Other
Oct.
Aug.
cember
regular
payable
R.
Iowa Public Service
come
El
Extension University—Extra
consolidated
Provision
2,559
168, p. 346.
cation—
$23,557;
152.
12 Months Ended May
$4,060;
SHEET, JUNE 30, 1948
including U. S. Government obligations, $33,134, held by Irving Trust
Co., as depositary, at value based on closing market quotations June 30,
$33,808;
purchased,
securities
for
coatings department,
Mr. Martin stated, ?will be
charged with the sale of all products of the new plant which is being
constructed
as
an
adjunct to the company's
22,000 barrel-per-day
2688.
p.
leading
The net assets applicable to outstanding capital stock June 30, 1948
#was $15.14 per share.
v;-:
s'i v/
plans for construction of a new $250,000 plant for the
coatings
in operation during the period
stores during the 1947 eighth period,
monthly meeting of the beard of directors Aug. 13,
a
quarterly dividend of 1V2% (7'/2 cents per share) and an extra
dividend of 7J/2 cents per share, was declared on the common stock,
At
and
months
•/?
*
field—protective coatings—was
by T. M. Martin, President,
manufacture
of
protective coatings.
Simultaneously, Mr. Martin announced the
appointment of Ray David Cunningham as Manager of the protectiveof
now
t
$85,604
f85,604
.
Net realized profit on securities sold
during six
wih
of 5%.—V.
LaSalle
stock.
Total
.V: *'*••■
•
1948
surplus,
company's
revealed
7,
stores
Kroger
of
compared
2,436
decrease
stock
$5,186
140,099
$4,630
244,380
TiL
dividends
Cash
■
y
SHEET, JUNE 30,
and
expenses
capital
The
number
Uffder
1948
1947
1948
"
"
$1.38
1948,
taxes, $101,724; capital stock ($1 par), $1,947,$80,712,982; shares held in treasury (at cost),
Dr$9,799; net realized profit on investments and special dividends paid,
J3r$22,516,573;
undistributed net ordinary income,
$4,740,375; total,
accrued
The
the eight four-week period, ending Aug.
company for
last year.
present
Fund, Inc.—Earnings—
Management
:
•
v,
in
investment
average
$64,979,446.—'V.
totaled $60,115,296, an increase of 8% from the sales of $55,470,724 for the same period a year ago.
Cumulative sales for the eight periods of 1948 totaled $496,558,207,
an
increase
of
9%
over
sales of $456,837,562
for - the same eight
proposal
6 Months Ended June 30—
.
LIABILITIES—Payable
in
company
(at
077;
Kroger Co.—Sales Increased—
a
tax credit the
'
1,946,777
-
and receivables, $1,841,608; U. S. Government obliga¬
cost), $13,002,905; other securities (at average cost),.
miscellaneous investments and advances, $602,530; real
estate investment, $1; total, $64,979,446.
1948,
reorganization of $93,087
and expense on debt paid or
31.
been
have
''
2,628,149
:
$49,532,402;
from
discount
March
on
would
credit
tax
—-—
$1.74
46.
p.
Average
*"$0.29
$2,692,004
2,998,037
1,946,777
ASSETS—Cash
tions
$6,016,884
$4,356,295
deductions
income
periods
*'$434,615
1,500,000 shares com. stock
on
an
the
to
net
251,642
income
■'Includes
30,763
$638,357
income
gross
Earns, per share
due
16,715
$686,257
i
income
Gross
$3,399,905
Lion Oil Co.—Enters New Field—
57,549
$607,594
60,845
460,025
$3,069,942
BALANCE
$5,903,531
113,303
$5,501,765
income
of
"■■■'-ti
1,531,757
1,740,636
$669,542
23,551
66,004
443,471
3,815,683
-1,946,777
$1.93
(no par)
share
per
2,184,699
(net)
income
-V. 168,
$3,236,014
23,140
net realized profit on
$6,369,280 in 1947 and $10,129,593 in 1946.
9,556,813
79,928
tax
income
income
Net
98,008
$3,937,931
$3,762,392
—
net ordinary income
stock outstdg.
••'Exclusive
.
1947
$2,405,779
47,713
taxes
income
income
income
Other
; i
11,429,076
1,870,403
_.
taxes
income
Earnings
965,111
2,275,357
;
Sales of the
Operating
.<•(:;
1947
income—.
ordinary
Shares cap.
948,180
Depreciation
Gross
;7 3 Months Ended June 30—
trans.,
Dividends from
$27,191,195 $24,336,954
-i._
.
Maintenance'
Total
,
45,222
25,081
70,711
481,638
stock & misc. taxes
cap.
etc., expenses..,
Other operating expenses—
30, 1947.
1B48
Total
Other
2,879,378
54,733
108,499
$4,339,822
income
Franchise,
Reg.
CONSOLIDATED INCOME ACCOUNT
■
■
Total
-Income—
12 Mos. End. June 30—
working capital and finance construction.-
"■
with $22.46 on June
compared
as
Kansas City Power & Light Co.
State
bonds, due 1978.
The
be filed by amendment.
outstanding collateral notes, increase
3,546,241
,
and sell at
obtained SEC permission to issue
company
1948
30,
2855.
State,
competitive bidding $5,COO,000 first mortgage
offering price ancl underwriting terms would
securities
in
$213,407
written
163, p.
Federal
;
dividends
$228,458
$222,221
3,767,612
113,715
236,274
income
Other
♦Net
$5.98
Financing—
Power Co.—Probable
-dividend
Taxable
;
,
On. Aug.
$70,872
$0.70
were
on
—V.
„05,442
Earned common share
$0.94
NOTE—Earnings per share preferred for both 1948 and 1947 are
computed on 79,000 shares of $4 80 dividend preferred stock which
became exchangeable for
$5 dividend preferred on June 9, 1947.—
167, p. 2030.
'
'
'
Interstate
$171,716
$1.71
earnings
shares)
(100,000
1946
1947
1948
earned
Interest
JUNE 39
YEARS ENDED
Years Ended June 30—
(before reinsurance) in the first six months of
$2,569,800 which was an increase of $1,283,600 or
99.8% over the $1,286,100 written in the corresponding period of 1947.
The liquidating value per share, after Federal taxes, was $24.70 per
305,442
$2.24
305,442
$2.76
outstanding—
shares
Common
40,371
26,057
taxes-
operating
Premiums
this
$505,710
$890,242
$1,046,856
(est.)outstanding
profit
income
share
share
Net
32,123
$96,929
income
Cash
Net
July 13, '48
$31,505,101 $27,618,896 Not Avail.
1,688,477
1,435,874
815,662
641,621
545,632.
309,952
Operating profit (estimated)
Federal
Per
July 12, '47
July 10, '48
—
34,919
$212,087
investment
,
.
-
14,76*0
$64,806
INCOME STATEMENT
«.
,
28 Weeks Ended—
sales
exceeded
stocks constituted
of $75,550,893.
This represented a larger portion of net assets than at^he close of
the previous quarter,
when 70.9% of net assets was represented by
common stocks.
At the beginning of the year, 75 k was so invested.
$50,046
101,196
of the-
service"
and
lares
Government bonds, exceeded
whole, however, sales
purchases by $5,306,576.
At the year end, common
77.1% of the value of net assets, with a market value
$177,168
Interstate Bakeries Corp.—Earnings—
Net
$75,972
underwriting
income
Increase in reserve equities
has recommended
Commission
S.
P.
Commission
S.
missioner
»
Net
that the com¬
either reorganize speedily cr sell its property to new interests
will furnish adequate
service at reasonable rates."
The
sales
1947
,
,
portfolio securities, excluding U. S.
by $1,203,770.
For the year as a
of
-Earnings—
1948
6 Months Ended June 30-^—
Reorganize—
Monday, August 23, 1948
CHRONICLE
& FINANCIAL
Kansas City Fire & Marine Insurance Co
Sell Out or
to
COMMERCIAL
_du—
sales
$2,449,917 $3,420,335
1,494,668
1,194,670
$1.64
$2.29
♦After reserves and subject to audit and year end adjustments.
LThese figures are based on the 1,494,668 shares presently outstand¬
ing as a result of the sale in December, 1947 of 150,000 additional
shares and the split up 2 to 1 by stockholders on April 28, 1948, ol
the 747,334 shares then outstanding.—V. 168, p. 153.
transferred to surplus—i
♦Net income
Dividends
paid
tEarnings
per
—
—s
common
Maltine Co., New
share
York—Files With SEC—
T
Aug. 11 filed a letter of notification with the SEC?
for 4,871 common .'hares (par $1).
Stcckholders of record Aug. 20 have
the right to subscribe on basis of one new share for each 15 shares
held at $15 per share.
Rights expire Sept. 20. Proceeds will supplyadditional working capital.—V. 168, p, 547.
The company
on
increased to $50.22 at
June 30, 1948, from a value of $47.53 at
Robert Lehman, President, has re¬
year,
This value is after the payment of a dividend
of 82.60 per share on June 25.
Net asset value was $48.46 on March
31, 1948, the end of the company's third quarter.
Total net assets, as
Of June 30, 1948, were $97,775,665.
Comparison of the current report with previous statements of con¬
dition shows that during the last quarter of the fiscal year, purchases
ported to stockholders.
.
Manhattan Coil Corp.,
Atlanta, Ga.—Files With SEC—
The company on Aug. 10 filed a letter of notification'with the SEC
for
3 000
shares
($100 oar)
6%
cumulative convertible preferred
stock '
The stock will be offered at par without underwriting and
the proceeds used to pay -jreditors-of the corporation other than itat
Any balance wH be used for working;
purposes.—V. 168, p. 153.
present bank indebtedness.
capital and general corporate
T
7. i-r
.V,
,
-
..
.
....
••
'• .'.
■
vf-",
v";".
-V.
V
■W
_•
'V*
Volume 168
Number 4727
Manhattan Life
THE COMMERCIAL & FINANCIAL
Co.—New Officials—
Insurance
Edward Fitzsimmons, editor-in-chief of
Best and Co., Inc., New York,
Mexican Light & Power Co., Ltd. (& Subs.)—Earnings
the life insurance division of
Alfred M.
(In Canadian currency)
elected
Secretary of the
board of directors,
was
Period End. Mar. 31-
the monthly meeting, Aug. 17 of the
and
Elder
A.
Porter, present Secretary and Actuary, : elected VicePresident and Actuary. The new appointments are effective Oct.
,1.
at
company
The
election
of
Collins, Dean of the New York
University Graduate School of Business Administration to the board
«f directors of the company was also) announced. Dr. Collins is also
Acting Dean of the university's School of Commerce, Accounts and
Finance—V, 165, p. 1592.
,
$1,807,369
$1,712,650
1,685,026
1,398,367
Mapes
Consolidated
Manufacturing Co.
profit
Other
income
Total
sales
on
(&
Net
operating
•Accrual
,
of
terest
(net)
sink,
—
$735,524
—__
Selling and general expenses-
—
.Provision for Federal and state
income
taxes—
stock
Balance
net
profit
surplus Jan.
Total
$406,134
surplus
Dividends
Earned
154,920
share
stock-
capital
BALANCE
SHEET,
JUNE
ASSETS—
Cash
bonds
certificates
555,000
$126,283
($6,025
564,000
by
is
dependent
$413,276
Telephone Co.—Earnings—
1948—Month—1947
rev._
$8,339,001 $54,594,900 $45,316,896
$8,314,277 $54,332,960 $45,177,118
7,022,009
44,673,046
35,359,315
24,724
261,940
139,778
—
7,677,335
$1,568,818
$1,292,268
972,193
792,439
—
$9,659,914
Net
income
oper.
$776,379
charges
$320,075
681,193
517,386
$4,227,064
3,948,032
4,273,349
of
535,882
205,070
187,808
17,490
15,062
1
1
Consolidated
Gas
reserve
Inventories
Miscellaneous
"Unexpired
assets
insurance
other
and
items
Stock in other companies—nominal value
life insurance—cash surrender value
186,686
11,825
would
....
Total
508,223
4,342
•
$2,626,940
mental
rapid
$2,302,736
in
Accounts
the
loss
of
incurred
producing
needed
gas
and
the
meet
to
substantial
rise
greatly
the
in
cost
increased
oil
of
demand
other
and
and
fuels
a
the
of
the
traffio
sufficient
narrow
margin of proilt. Ratescompetition of highway carriers
the
also
them
in
was
impose
for
with
the
that
whole
tracks
he
in
or
Others,
continued
lines
burden
undue
an
commerce.
of
his
should
applicant and upon
given an opportunity
be
the
entire
are
willing
line
or
parts
thereof
stations where it is practical to connect
railroads, One of the present stockholders
at
other
and
associates
at its fair net
part
the
upon
however,
operation,
to sell the
value—V. 168, p.
salvage
railroad
548.
Missouri Pacific RR.--—Equipment Trust Certificates—
The
ICC
on
liability,
Aug. lo authorized the
as
guarantor,
tile-Commerce
in
p.
168,
Bank
&
respect of not
series KK, to be
Trust
Co.,
with
the
connection
as
to
company
in
equipment-tryst certificates,
trustee,
issued
and
procurement
$4,700,000
by
sold
of
obligation
assume
exceeding
the
at
certain
of
Mercan¬
and
99.126
equipment.
548.
Mobile Gas
Service
Corp.—Earnings—
12 Mcs. End. June 30—
1943
T947
-
:
$3,822,522
$3,506,100
2,762,048
2,512,554
394,730
Operation—Gas
324,666
purchased
Other
Maintenance
76,127
General
taxes
95,747
75,000
Depreciation
and
72,000
114,436
State
income
Other
income
97,732
173,006
183,674
$227,171
Federal
$219,725
taxes.
the
used
manufacturing
operations, materially exceeded the revenue
from the sale of such gas. "We expect that the necessity
for
manufacturing gas in future periods of peak demand will be
greatly reduced by the operation of the pipe line, recently completed,
LIABILITIES—
Fed.
of
was
of
divisions
who
especially industry
net
in
income," said Henry Fink, President, "reflects
during the past winter season due to the
large quantities of manufactured gas to sup¬
plement the supply of natural gas, a situation aggravated by long
continued
abnormally low temperatures.
The
cost
of
the
supple¬
11,275
585,314
2,532
I.and, buildings, machinery, equipment, etc—net
Patents—at cost, less amortization
decrease
"This
some
necessity
be
of
purchase
Co.—Earnings—
Net Income
for the
12
months ended
June
30, 1948, decreased
$2,566,641 compared to the same period in 1947. Net income for the
year was $1,049,410 as compared to $3,616,051 for the corresponding
period ending in 1947.
5
%.■
' •'
there
because
.
receivable—trade, less
would
lost
kind
dividends
648.
which
on
greater
the stock
been
—V.
168, p.
Michigan
there
through rates were possible it
slight relief. The substantial bridge traffic once enjoyed
applicant, presumably through the in.luence of the former
this
5,590,739
$4,467,988
whether
ago
interested in other lines of business,
and as there is no rate
advantage in using the line for
traffic, although there has* been a service disadvantage,
it is questionable whether even under
vigorous solicitation this traffic
could be regained. Under the circumstances
continued operation of the
has
$9,817,803
5,191,926
the
if
Even
success.
afford
the
to
$9,285,793
39,640
little
future to avoid
operating deficits. According to
by the applicant the local and interline traffic
has been comparatively light and consisted mainly
increased
if
even
interstate
1948—6 Mos.—1947
years
years
be
line
available
upon
with
near
commodities
and
plus accrued
interest
Accounts
Accrued
188.000
$9,246,153
oper.
taxes
—V.
176,456
and
of
met
despite the fact that operating deficits did
and
1946, it is questionable since operations
1945
2
the
have
and
submitted
former
would
185,000
revenues™
Net oper.
$648,383
403,500
182,221
deposit
on
■'
v;
■
■■
in
cannot
1947
$1,047,985
199,614
U. S. Govt,
and
$977,276
railroad
restored
almost
or
testified
30
1948
hand
on
Bell
Oper. revenues
Oper. expenses
Net after
CONSOLIDATED
\
——
Oper. revenues
$2.72
:
on
$548,975
t$62,657
Michigan
Oper.
per
$314,283
■
$1,291,549
$3.14
30
now
and
the
until
statistics
and
Period End. June 30—
$1,446,469
154,920
$1,522,788
—
June
u
those payment of which
(Deficit.—V. 168, p. 450.
Income.
1,095,152
$1,677,708
paid
Balance
$5,115,586
4,138,310
$351,317
1,271,573
—
1
;"n
earnings
Uncollectible
Consolidated
$5,507,837
4,958,862
fund
♦Including
$639,496
79,275
208,903
88,130
241,258
—„
$122,343
•
'■
in¬
in
were
occur
owner
Net
$626,523
12,972
11,430
—
income
annual
and
charges on bonds and
1947
$724,094
credits
not
of
Subs.)—
1948
judgment
9
by the receivers to Interest others of sound ability
made
ceased
,.
t
Six Months Ended June 30—
1948—3 Mos.—1947
Gross earns, from operationS
debenture
Gross
(745)
Efforts
property
1948—Month—1947
Oper. exps., Incl. deprec,
Rowland
Q.
Dr.
CHRONICLE
(net).
138,123
90,776
received
Income and
other
taxes
(net)
$113,457
$12,516
payable—trade
42,090
42,119
Accrued
expenses—other
12,763
12,874
Reserves
for
11,335
924,500
19,176
924,500
1,522,788
$365,295 <
$310,501
1,291,549
repairs and maintenance
Capital stock (129,100 shares—no par)
Earned surplus
from
Detroit
to
the
Austin
Field
daring; summer periods of
periods of peak demand."
COMPARATIVE
Total
—V.
$2,626,940
166,
Matachewan
Consolidated Mines
Net
of
milled
ore
income
from
Estimated
Profit
-
$201,515
costs—'
-
66,512
$2,940
Federal
187,107
$92,102
profit
income
Provision
for
Taxes
net
725
income
expenditures
exploration
•
842
Outside
231,070
$5,018,113
1,485,729
1,777
Nil
all
314
Gas
165, p. 812.
the
the
JW-:'
results
1,402,067
-
of
of
stock
common
—
U
/•
income
•Includes
————
i.;
.
:
t
.
■
'
4:
7
$1,040,410
operations
which
is
of
67,302
$3,616,051
Meld Pipe Line Co.,
Michigan Consolidated
Austin
owned
by
period subsequent to the commencement of operation
May 12, 1948 —V. 168, p. 648.
on
stock
dividend
Corp.—Earnings—
Michigan Gas & Electric Co.—Earnings—
12 Weeks Ended
Period—
Net
June 13. '48
sales—less
Cost
of
Bell. &
disc.™
sales.
Adm.
1,051,755
profit
826,908
$2,481,540
45,305
Other income
June 13. '48 June 15. '47
$2,384,159
132.400
$4,942,643
85,831
Gross
income
$2,526,845
$2,516,559
$5,028,474
532,864
428,924
1,055,249
Depreciation
&
exps.
on
$4,933,693
187,450
Federal
Co., Inc.
Stock is
The
reports
Fed.
$5,121,143
874,552
net
the
360,000
net
asset
shares
value
Dec.
v
&
State
Minority
inc.
173,229
mately
cash
of
783,603
1,498,744
interest—
311
6,455
Dr2,233
10,775
$1,176,153
$1,211,491
$2,303,485
Divs.
pref.
on
115,288
229,323
Earns,
—V.
per
167,
'The
$1,061,663
sh
com.
will
$1,096,203
$2,074,162
$2,235,644
$1.55
$2.93
$3.16
$1.50
2258,
pp.
SEC
2134;
hold
V.
166,
2105.
p.
deductions
a
Merchants & Miners Transportation
3 Mos. End. June 30—
Total
Net
frcm
1947
1946
1945
$53,610
$105,892
$192,399
23,543
30,689
113,991
1,717,972
47,009
$1,748,661
451,436
income-
Frov. for
233
*4,256-
*$121,532
Fed. inc.
income
taxes
$19,287
Cr3,292
7,715
-
•Loss.
*$118,240
-
(-Includes
$11,572
$114,029 loss in
167, p. 2259. 4
securities.—V.
ment
$6,786,261
2,813,349
603,500
536,000
acquis.
plant
adjustments
General
56,609
$1,297,225
connection
with
sale
and
110,796
82,398
822,326
756,905
853,415
911,490
$1,614,871
profits
Int.
on
tax
271,165
149,197
.
income
$112,688
long-term
debt-
$137,394
22,588
30,751
debt discount,
262
income
on
353
3,598
4,240
536
prem. & expense (Cr)
Other deductions (Cr)—
Net
3,821
41,446
23,998
$82,735
pfd.
$118,980
7,705
10,049
stock
—V.
$75,030
168,
p.
cumulative preferred
the
interest
terms.
and
dividend
The
stock.
Competitive bidding will determine
rates, offering prices and underwriting
together with $1,500,000 from its parent, General
Corp., will be used for hew construction, to pay .off
$550,000 and to the extent of $1,500,000 as a cash
•capital contribution to Edison Light & Power Co., a subsidiary.—
V. 163, p. 153.
Proceeds,
Public
bank
Utilities
loans
of
Mexican Gulf Sulphur
Co.—Exploration Agreement—
Eugene L. Norton, President, on Aug.
pany
has entered into
further
to
explore
Mexico.
an
agreement
and develop
announced
14
with
Jefferson
Mexican Gulf's
that this
Lake
sulphur
com¬
Sulphur Co.
$1,320,087
93,813
$1,443,192
120,594
$108,930
$1,226,274
$1,322,598
properties in
ICC
on
ois
Central
RR.
Counties,
Barry
Cleburne, White,
Counties, Ark.
In
concluding
The
convenience
rearrange
plants
erect
capable
it
The
and
on
will
of
move,
producing
Mexican
Gulf
during
1949,
tons
1,500
property..
one
per
"
of
day,
its
to
present
Mexico
suphur
and re-
_
companies ha\fe also entered into a management and sales
Agreement which will place the management, production, and sales
organization of Jefferson Lake at the disposal of Mexican Gulf.
Time for
Exchange Extended......;
The
company
the
company's
for
common
has
extended
common
stock.—V.
stock
167,
p.
to
Oct.
purchase
2362.
15,
1948,
warrants
the
may
certificate
a
permitting
JUNE
:£l
30
1946
1.945
$176,147 '
8,469
6,374
7,539
$195,127
$182,521
$177,818
20,561
18,353
15,803
15,518
«,
$170,278
1,200
State
other
2,000
*2,182
§8,872
$151,428
franch.
taxes™
*2,144
*2,46j5
$164,934
$174,309
$163,336
108,000
income
108,000
108,000
108,000
$55,336
1,200,036
$43,428
-
sur¬
surplus income—
be
on
as
$66,309
109,058
sold
secur.
provision made
taxed
$56,934
229,612
for Federal
regulated
a
income
investment
taxes
as
374,415
corporation
elected
(Without
giving
company.
to results of
security transactions.
^Includes estimated Federal
income taxes of $6,300, which was not
required if the company elected
to be taxed as a regulated Investment
company for 1945.
NOTES—Realized
net
profit
the basis of average costs)
pal
taxes,
carried
to
from
after
profit
sales
of
securities
(computed
deducting $1,082 for State and
and
loss
on
securities
sold
such profits amounted to
$103,635), $109,058.
Aggregate
unrealized
appreciation in
value
of
on
munici¬
(on
securities
a
tax
owned
is compared with cost, at Dec.
$1,901,266,
$354,814.
31, 1948 $1,546,452, and at June 30, 1948,
during the six months ended June 30, 1948 of
increase
an
t
.
BALANCE
SHEET
JUNE
30,
1948
ASSETS—Cash in banks, $307,086; dividends receivable
and interest
accrued, $28,897; United States Government obligations, $1,350,406;
other
securities owned
(at cost)
$6,778,628;
total
$1;
furniture
and
fixtures,
$8,465,018.
LIABILITIES—Dividend payable July 15, 1948, $54,000;
taxes, $6,100; capital stocks,
(360,000
shares
no
par),
reserve for
$4,500,000;
capital surplus, $5,025,291; surplus income, $981,474;
profit and loss on
sold and dividends paid from
security profits, Br$2,101,847;
total, $8,465,018.—V. 167, p. 2033.
Helena, Ark., .56 mile, all in Jasper, Newton, and
and Carroll, Boone, Searcy, Van Buren, Stone,
Woodruff, Monroe, St. Francis, Lee, and Phillips
Mo.,
'
•
its
report
proposed
possibly
methods
obstacles
the
to
•
no
doubt
financial
of
that
was
they
have
suspended,
loss.
operation
using
been
will
cause
Although
there
shippers
they
appears
to
some
have
will
be
no
in¬
motor-trucks.
using
is
rehabilitated
as
substantial
expense.
date on which J? The former stockholders were unwjlljng to advance the funds necesbe exchanged ^ sary for this purpose for the reason that the traffic outlook did not
warrant it. The present stockholders evidently share the same opinion.
stock.—V.
been appointed New York trahsfer
167, p. 2792.
National Power & Light
this distribution
in
the
proceeds
the
amount
Under
to
insur¬
common
Co.—Progress in Dissolution
Raymond S. Smith, President, in a letter to stockholders dated
Aug. 12, says:
:
^4:4
The company has continued its program of
liquidation and divest¬
ment as ordered by the SE'C,
although progress has not been as rapid
as had
been hoped.
The most important recent development is the
filing or Aug. 4 cf a plan with the SEC under which
the company
proposes to make a cash distribution in liquidation to its common
common
stockholders of $1,364,025, or 25 cents a share.
Funds for
the
stated:
although
trains is impossible unless it
agent for the
interest
-
Commission
Fireproofing Corp.—Transfer Agent-
Chemical Bank & Trust Co. has
abandonment
We may not overlook the
those highways since operation of the
perhaps not in all instances by choice.
The highway net within the area, while not as
satisfactory as might
be
desired, is favorable, and there is a large number of commoncarrier
motor-truck
and
bus
lines
serving
all communities of
importance. The condition of the railroad is such that the operation
fact
°f
-
and
their
mountable
line
^
two
issued
at
abandonment
Under
the
terms of
the agreement Jefferson Lake
will proceed
Immediately with the drilling of four wells in a large sulphur deposit
in
Mexico
Arkansas Ry.—Abandonment—
Aug. 9
by
the receivers of the company of (1) its entire line of railroad
extending
southeast from Neosho, Mo.,
to Wayne, Mo., 32.33 miles, and from
Seligman, Mo., to Helena, Ark., 298.07 miles, including branch lines,
Junction Ark., to Eureka Springs, Ark., 2.01
miles, and Freeman, Ark.,
to Berryville, Ark., 3.16 miles,
and (2) to abandon operation under
trackage rights over the lines of railroad of the (a) Joplin Union
Depot Co. at Joplin, Mo., .79 mile; (b) Kansas City Southern between
Joplin, Mo., and Neosha, Mo., 18.59 miles; (c) St. Louis-San Francisco
Ry. between Wayne, Mo., and Seligman, Mo., 8.96 miles, and (d) Illin¬
p,
.
ENDED
•
National
par)
and
47.
Missouri &
Metropolitan Edison Co.—Financing-
receivable
,,
securities
Balance
govern¬
on
American
$1,686,119
339,828
9,233
127,653
excess
$104,391
of
"
to
,
basis
9,233
"
taxes
income
Dividends
Net
$7,584,059
3,579,150
47,167
$161,000
transactions
Net
of
$598,747
255,756
53,417
depreciation-
Amort.
Fed.
1948—12 Mos.—1947
331,230
expenses
Amort. of
gain on other profit
loss
$634,221
revenue
•
MONTHS
effect
1948—Month—1947
for
Gross
oper.
depreciation-
and
Gross
dividends
1947■'
Cross
prof,
*No
$277,097
*8,299
revenues
income
—after
Net
1948
Co.—Earnings—
Net
to
Prov.
$27.23
$188,074
7,053
expenses
for
and
distributed approxi¬
preferred stocks, 7.7%;
126,400
$319,208
Period End. June 30—
1948
31,
lyere
$187,639
bonds—
on
income
(Net
2689.
p.
SIX
$179,170
plus income
$445,607
Net income
Operating
hearing Aug. 24 on company's application to
Bell $3,500,000 first mortgage bonds aue 1978 and
40,000 shares ($100
"S:
Red
274
income
166,
30
$445,333
Mississippi Power Co.—Earnings—
Net earns, for com. sh.
Total
Bal.
.
March
on
June
on
STATEMENT,
received
Prov.
230,576
shares—
corporation
.
Contrib.
$2,466,220
114,489
earnings
$26.54
,
the
follows; common stocks, 76,1 %;
banks, U. S. Government obligations,
accrued, 16.2%
.
<
Interest
1,597,425
—V.
Net
15. This is equivalent to $28.62 per share on
outstanding capital stock and compares with
share of
as
in
interest
160,100
l
income
Interest and other
A;
on
of
per
Divs. declared from
172,171
730,384
taxes
86.086
the estates of two deceased persons.
31, 1947.
Assets
Operating
(net)
income
assets
payable July
per: share
176,489
125,036
-—
taxes
operating
Other
Gross
87.134
1948
$2.34
.that date amounted to $10,306,184, taking
securities at market valfle and after deducting a dividend of 15 cents
116,661
income
to be sold from
1948
30,
$2.76
(100,000shs.)™
corporation, in its statement for the six months ended June 30,
1948,
Dividends
APRIL
29,400
$234,398
4
:
Quarterly Report Reviewed—
and
funded
debt
ENDED
29,400
$276,056
surplus
National Bond & Share Corp.—Registers With SEC—
$2,417,879
1,394,260
Depreciation
Taxes, other than Federal income
Net
Int.
MONTHS
Maintenance
1,700,611
2,129,609
TWELVE
Operating revenues
Operation
$15,595,536 $39,058,678 $32,039,263
12,384,469
31.986,426
25,404,958
15,908,160
expenses—
Operating
—24 Weeks Ended—
June 15, '47
$19,441,455
EARNINGS FOR THE
stk.
com.
■ •
and
The company on Aug. 13 filed a registration statement with the SEC
covering 31,000 shares (no par) capital stock. Underwriter, Blyth &
INCOME
Mead
46,702
$263,798
requirement:;....
stock
common
-r
L
59,838
$305,456
_
Earnings per sh. of
—V. 167, p. 2689.
:
1,24-4,440
for the
Co.,
deductions.
income
Preferred
$4,787,048
$2,535,139
taxes—„
3,017,653
344,170
——;—
wv
$87,821
■Capital
—V.
2,912,895
74,234
adjustments
acquis,
Federal
(net)
.1,748,232
(net)
6,250
$8,847
profit
1,829,219
54,677
$2,190,969
plant
miscell.
taxes
deductions
Income
$94,071
v
Net
Estimated
1947
1,968
Gross
$9,572
provisions therefor
and
income
Net
Balance* for
$39,393,762 $37,953,267
8,833,522
9,530,062
21,090,627
14,716,423
2,402,620
2,842,108
Operating income
Other
4,476
2,155
revenue
local,
State,
$279,210
198,574
securities
of
Non-operating
produced
operating
operating
sale
on
62,179
metals
and
and
Depreciation
Amort, of utility
Income
stored
winter
*1948
revenue—Gas
purchased for resale
Maintenance
1947
1948
being
during
use
ACCOUNT'
Operation
Ltd.—Earnings—
Quarter Ended June 30—
Development
INCOME
is
gas
for
Operating
Gas
Tons
natural
demand
12 Months Ended June 30—
$2,302,736
951.
p.
where
reduced
joined
27,553
of
of
will
be
derived
from the liquidation of the
company's
of
Memphis Street Ry. for $248,337,
ot capital of Memphis Generating Co. in
stock
common
a
reduction
$500,000 and
from
ca«h
in
National's
the
treasury.
Memphis Street Ry. plan, filed on the same day, and
part by National, National is to deliver its
holdings of
shares of common stock to Memphis for cancellation and will
in
receive $9
share, or a total of $243,337, and also reimbursement for
by it in connection with the recapitalization of
Each holder of 4% preferred stock of. Memphis will receive
a
expenditures incurred
Memphis.
10
shares
of
new
stock and a dividend of $38 a share in
groups of holders owning together 47.9% of the 4%
.pre¬
have joined in the p'.an.
The SEC will hold a hearing
on the
plan Sept. 20 at it3 office in
Washington, D. C.
A plan
for the retirement of debt and preferred stock of
cash.
stock
Valley
Transit
common
Two
ferred
decision is
Lehigh
Co.
expected
was
filed
soon.
If
with
the
the SEC
SEC
and
on
Aug. 13
1947, and a
the Federal Court approve
s'"*'^^-L'i-:v"%'>:: Os^v^-.:i;>■>■'
:N^
-,-^ ,;nv-
'^' ':■ /f'.;
lj
'*■ ' ^
--7--■
."'
' ,!r
.
'
'
.
''
'' ■''■
''!■
.m
J!
: '■,'■ .■'
\
COMMERCIAL & FINANCIAL CHRONICLE
-
.
THE
Monday, August 23, 1943
Operating
Oper.
Net
Int.
"
•
1947—
Peiiod Ended Dec. 31,
<
.
:
.
.
-<
Interest
I'
income-J---,
Total
Total
>
loss._
Net
equity—subject to realization of assets at
in balance sheet. Dec. 31, 1946
statement of income for the 12 months ended
'
168,
—V.
h:
•
"
>
Corp.)
y
Provision
1
Cost
$250,348
,
$58,738
$18,039
burg,
Pa.,
company
in
stores
•
f.
dividends
L-*.
$18,559,523 $12,269,681 $38,587,166
—
'■'4,705,962
314,286
dis. and exp.
Corp.—Transfer
Trust
&
stock
common
3,820,000
4,343,860
628,572
12,920,000
of
Co.
separately.—V.
168,
348.
p.
•
1,736,227
8,043,467
6,866,243
324,312
1,863,052
1,281,105
413,950
1,895,223
1;635,146
5,729
5,766
23,050
23,055
494,971
415,305
1.831,381
1,577,451
income
Net
15
ebove
•
ago.
V year
for State inc. taxes
179,950
V
Iiiterest" income
Miscellaneous
dividends
Miscellaneous
and
—
-^V Net
Fed.
income
$2,442,367
$8,011,729
681,818
2.727.270
$2,984,821
215,142
719,524
585,394
2,341,578
Net
oper.
Credit result, from filing of cons,
tax ret
$1,146,021
21,671
surplus
at ,4&%
require,
div.
Fref,
,
to
$1,167,692
sinking
Balance avail, for com. shares (before
:
fund
,
;
charges" esiriied——————
i Balance per com. sir. after sink, fund require.—
/
'
'
CONSOLIDATED
"
'
Net oper)
after
Maintenance
—
-
—-
—
—
purchased
and steam
gas
—
iu___
Operating
-v;'..
Other
'
income
———
2,485,359
visions
other deductions
before
for Federal
2,308,874
$3,603,983
135,294
—_—
income
Net income
expenses
Federal
,
$3,739,277
gen.
6,624,594
20,924.704
133.819
95,097
392,400
290,245
$1,346,415
$1,296,873
$3,545,391
$3,304,869
of
oper..
43,50.9
$1,506,015 $10,109,535
serv.
5,439,668
112,910
105,679
$3,658,301
$3,410,544
on
deductions
from
Subsidiaries
81,211
139,593
Cr7,538
Cr21*964
5,434
surtax)!
600,200
671.900
1,671,900
1,446,900
before res..
possible losses
$753,432
$583,811
$1,868,773
$1,785,977
for
etc.—.
■
inc.
and
inven.
,,
other
and
profit
earned
to
surplus
-
'
i
New
Eng. Gas and Elec.
results
$683,643
626,050
,
Co.
(&
1948
for. Fed. income taxes
Prov.
.
dollar at June
Canadian
the
$3,354,960
$4,669 867
4,086,313\
$796,009
$625,011
half
of
•
—u——
1,259,266
income—
Net
r
314,631
and
288,084
43,3)0
40,256
54,982
43,711
195,928
-
-
203,935
Credit
result,
from
filing
of
tax
cons,
$939,921
495,817
Earnings
33,952
288,052
The
Preferred
Bal.
dividend
^""{A
avail, for com.
—^"requirements I
$1,928,587
———
require,
at 4V2'i•
shs.
(before
$1,580,211
349,312
($2
—*
sink,
■'/■
409,562
276,196
$182,107
$144,501
$640,113
$636,308
•
well
as
income--^-
T.18,389
-V.
?
>
»•
—V.
#
4
168,
p.
951,394
$1,591,607
$605,033
50.335
631,855
$119,789
$959,651
1
'
649.
\
o-."
w
;
I
A'.1
'I.
-*•.'«
-
•
-»
; ; '
of
the
This
increase
direct
the
$373,013
1947.
626,052
Period End. June 30—
profit--—
Fed.
for
Reserve
taxes.
(& Subs.)—Earnings-
1948—3 Mos.—1947
$451,975
a
Total
year
reflected
loans,
at June 30,
ago.—'V. 168,
Telephone
New
1948—6 Mos.—1947
$381,891
358.312
earnings——
93,456
Earnings
••After
per
share
$135,948
$523,579
SO.66
&
The
per
share,
dend
1
Aug.
17 declared a
Oper.
revs.
Net
—V.
^
Telephone Co.—Earnings—
1948—Month—1947
$269,978
—
Uncollectible oper.
payable Sept. 30, to holders of record Sept. 10. This divi¬
current earnings and is the same as that paid in the
that
paid
in instalment sales financing as
two largest segments of the com¬
and
discounts
$135,873,115
as
acquired "for the first
compared with $113,-
1943,
168,
as
June
against :'$64,-
<
.
•
,
.
charges--—-.
„
<g-
*■. ••' -V*
100,460,-528
722,425
402,043
23,020,135
2,759,703
133,844,412
2,000,726
15,799,412
9.0 10,799
1,150,099
v
165,705,187 100,058.2(55
19,869,310
22,913,459
3,053,131
.
-
95,201
29,307,047
'
1948—6 Mos.—1947
$
23,115.336 166,427,612
115,050,
.
since
increase
-
'
3,340,457
p.
34%
$86,712,288
Telegraph Co. —Earnings—
income-
oper.
after
was
154.
p.
16,061,363
5,418,429
976,937
12,359,764
3,914;j)^5
>•
65,629,057
549.
$214,953
The
—
715
242
4,236
$1,542,569
A
$1,308,427
.
in
the
fiist
a
stockholders
1,486
$214,711
have
directors
cents,
64
1948—6 Mos.—1947.
$1,546,805
$1,309,913
share
of
on
declared
similar -dividend was
a
dividend
capital
the
record Sept.
10
paid
stock,
oi
two
Oper.
revenues
$269,263
217,783
168,929
1,271,104
$45,782
$271,465
>
21,708
151,164
income—+i>w;;«-$2t>876:
v
For
$205,420
—
Operating
revenues—
taxes
■
—v,
.
oper.
after charges
168, p.
12.129
$24,074
12,917
'"$120,301'
57.397
on
March T, 1948 by the
The
40,471
.349.'' L
to
1948
to
^
predecessor
,
in
exchange
one
share
of
capital
stock
A., par value
one bolivar, and two shares
Pancoastal Oil Co.. C. A., par value one bolivar.
105,168
<$100,252
equal
23,
Pantepec Oil Co. of Venezuela, C. A. which last year < paid
March 17 arid Sept. 17.
'
each share of the predecessor company there were recently
O.
li
*
Net
Net
V
Sept.
82 cents each an
1,103.007
$51,480
29.604'
expenses
Net oper.
bolivars,
payable
.
company,
Oper.
third quarter dividend of $1.25
than
the
$1.06 on
'
-
•
-
reflects
preceding quarter and 25 cents more
quarter of the year.—rrV. 168, p. 649.
from
Pantcpec Oil Co., C. A.—Initial Dividend—
Associated
Ohio
-Period End. June 30—
,
England Telephone & Telegraph Co.-r~Divideiid
directors on
rev._
Operating taxes.,-..
$0.17
$0.34
depreciation.—V. 167, p. 2260.
oper.
Operating expenses
$138,721
$0.17
$267,133
increased
1948—Month—1947
Operating revenues-
$232,177
86,276
«•
Net
)
jr'
r-
the
29,422,097
reveuues
Uncollectible
$222,224
184,342
•
stock
the" end
at
Total loans
amounted to
Period End. June 30—
349.
Norwich Pliarmacal Co.
share,
:
common
was
consumer
year
Pacific
issued
•••
6
16.
per
; ! 'V
declared Ithe
payable Sept. 1 to
have
directors
the
cents
of the first half of 1947 to
shares outstanding June .30, 1948. Mr. King pointed
gains Reported
we're made with virtually the same
232,069
$439,371
and employees.
for the same period in 1947.
Loans and discounts outstanding showed a
Dr31,225
$170,125
11
(hat
40
$
V-
$1,579,274
com.
p.
154.
facilities the corporation possessed in 1947,
achieved a 20% increase in volume of business for the
Operating
-
sh. before sink, fund require.—
$1.27
Balance per com. sh. after sink, fund require.—.
v
$1.05 4
Electric sales (kwh)
706,757*695 6S4,537.533
'•
Gas sales
(MCF)--—————————
8,724.815
7,582.856
Earn, per
168, p.
464,495
30,
income.--.
168,
25,623
$700,497
210,625
:
share for
outstanding
operation.
pany's
•—;
■
fund
—
June
net profit
a
company
period.
163,991
74,503
93,230
Income deductions
Net
'••£*1 Balance of surplus
company,
ended
548.584
on
out " that
ex¬
taxes
Aug.
on
record: Aug.
of
per
shares
physical
640,290
return..-....
subsidiary
volume of business for the first
by Maxwell C. King, President,
and
income
announced
dividend of
also
quarterly
310,000
"1,191,328
142,9$0
195,021
in
revealed
were
stockholders
,
$2,605,326
,,1,425,890
1948
King
$1.59
1_.
income.
Gross
1,818,066
——.$1,432,769
s
1948.—V.
30,
interim report to stockholders
an
regular
1948—12 Mos.—1947
$3,163,483
gains
Continuing
2,999,158
107,167
•Operating
•
$1,785,977
$1,825,773
Canadian
$301,135 for the nine months ended June 30, 1943 after providing
$200,200 for taxes on income, are included in the above statement
converted to United States dollars at the current rate of exchange of
Subs.)- -Earnings—
1948—3 Mos.—1947
1,665,908
.
the
of
a
of
gen.
.income
Other
339,503
733,579
Assn
$583,811
$741,432
—-
operating
net profit of $189,540 for the three months
after providing $112,500 for taxes on income and
showing
naif
$4,763,398
.313.663
•—T
43,000
17,000
—
NOTE—The
♦
,
lax.
prof,
for
•
Wise.
Fed.,
Can.
Net
Res.
income:
———
172,234
59,957
Cr23,665
prod.,
(normal
$7,547,824
4,192.864
822.372
32.511
$1,329,384
"
Other
17,865,6(68
7,938.744
expenses-
deprec.
paid,
and
in
and
income
Operating
Net
T
'29,773,418
677,120
—
profits
cess
and pro-
income taxes
5,383,141- 35,726,399
$784,459
Other taxes
$4,575,596
187,802
selling,
Mos.—1947"
(gain) frcm foreign
ProV.
,
retirements.--
for
Prov.
.
2,020,058 ■" 1,657,148
1,607,295
1,902,385
.
admin,
Maintenance
1947
1948
j
for retire, of" prop., plant, and equip.—
Prov. for tax. other than Fed. inc. taxes—
549.
p.
Operating revenues.Oper.,
$27,082,977 $23,193,133
15,654,829 11,481,391
1,711,453- 1,267,739
iy, Frov.
income-
charges
168,
Period End. June 30—
-
1.70
'
'
—V.
,
•
1948—9
88,016,564 $24,862,495 $21,460,778
$1,389,924
Mr.
INCOME ACCOUNT
"
.revenues
'Operating expenses
.Power,
-
Co.
1948—3 Mos.—1947
exchange
$37,321,242
903,313
Northeastern Water
$.89
.
.
^Operating
.
Subs.)-*
income
discon.
.
$1,377,739
"•
3.35
requirements
fixed
Times
349,312
—
(&
Manufacturing
plus
prof.; from
Net
$6,889,156 $45,835,934
$1,687,772
revenues
1,384,835
$3,726,612
$9,418,978
sold
for
'
$45,955,857 $37,395,054
18,"585 119,923
73.812
6,154,797""
expenses
1,359,215
$3,636,033
Pacific Finance Corp.—Earnings Increase—
Net
''Balance
$7,842,569
revenues
329,495
$1,008,919
&
___
prod,
Interest
-Loss
$8,907,741
15,807
taxes
$1,690,809
36,242
—
341,712
Total
1948—6 Mos.—1947
1948—Month—1947
rev._
7,757
$5,111,447
plant and equip.
Other
20,
Oper.
$1,727,051
income
Net
on
$7,858,376
revenues
Uncollectible oper.
512
$4,995,248
$909,848
contingencies
Period End. June 30—
74
$1,338,414
—
admin.
and
649.
3.854
61,935
10,208
3,847
100,085
.
-
of
shipping,
110,957
—
sales
Provision
Northwestern Bell Telephone Co.—Earnings—
Oper.
Dr 6
$1,251,560
Period End. June 30—
2,234.578
1,529,081
132,973
interest
i
deductions
income
Cost
$8,198,861
2.727,270
585,394
p.
2,193,750
$5,103,690
167, p. 2136.
Net
1,190,580
681,818
1,753
.
expense
taxes
1,046,205
$2,298,406
Oper.
dis.
deductions
Amortization of debt
261,551
pfd. stock-
168,
2,269,900
$4,994,736
Earnings—
791,525
pfd. stock-
.
.
$2,739,615
income
Exp. and taxes other than Fed. inc. taxes—-—
Interest on long-term debt
'—
for
594, 550
—V.
,194.7
1,017
*——1.
——
_
'■/'Total
Prov.
1*898,475
261,551
income
on
487,500
$1,338,340
Outboard, Marine
6,638,750
7%
Net
$2,914,164
68,904
income
—V.
and
minority interest
551,400
$1,251,566
income
'6,396,238
6,202, 075
$3,626,203 $12,588,124 $13,005,225
922,284
' 3,530,190
3,615,784
820,831
deductions
Oper.
•
7,145, 793
Div.s. on 6%
.
$2,692,481
46,117
1
dividends
from
-
-
-
.
1948
"
'
.
Income
state
income
Income
$3,567,913 $12,286,892 $12,768,079
58,290
301,232
237,146
72,110
$3,380,788
Subsid.
Divs.
(COMPANY ONLY)
INCOME ACCOUNT
-
-12 Months Ended June 30—
•
1,710,435
206,700
$3,308,678
income
(nett_
income
Gross
,
121,889
at
mcf.,, or 4.57%
spohding week a year ago.
Income
operating
income
27,492 ,407
.
mcf.
This is an increase of
above production of 116,567 mcf. for the corr'e-
reported
is
5,322
1
——
on
<.
income
oper.
^
output
Gas
5,441,250
for Fed. inc^ taxes
taxes*
&
operating
Gross
21,958,164
3,135,511
6,003 ,750
"Prov.
tnah' in-
(other
'
Net
of
3,972 ,461
i Prov.
Other
13
■767,513
1,466,250
,1,605,000
*
i,972,642
-1,780,850
Fed.
taxes
for
Prov.
>
„
1948--12 Mos.—1947
$63,697,,929 $57,129,516
915.713
*
Depreciation
Association—Output—
the Association reports electric output
812 704 kwh.
This is an increase of 1,097,504 kwh., or 7.46%
production of 14,715,200 kwh. for the corresponding week a
ended Aug.
week
the
ACCOUNT
$18,021,124 $16,056,999
6,439,713
8,258,290
—_
than
(other
income)
appointed
1948—3 Mos.—1947
i.
revenues,"etc.)
(Del.)—Weekly Output-
Co.
2,126,258
expenses
investments
elec
<
transfer agent for
(N. Y.) and for the com¬
been
has
Power
revenues
Maintenance
•
England Gas & Electric
New
";For
States
Operation
comi
4,028,000
4,702,000
at refineries (barrels)
■
470,083
Agent—
CONSOLIDATED INCOME
Taxes
oiL produced (barrels)
349.
4,92.2,532
6,563,377' ' 6,563,377
$3.79
$2.02
17,612,000
1.5,558,000
486,934
Taxes-
Electric Corp.
(Md.i.—V. 168. p. 253.
Noma
Period End. Mar. 31—
Cperating
6,563,376stock
share common
per
:
output
8,375,000
$7,364,275 $5,775,757 $16,026,035 $13,100,815
Shares outstanding —^>2,230,817
2,230,842
2,230,817u 2,230,842
.Earnings per share
.$3.30
$2.59
$7.18
; $5.87
/^♦Includes special provision f<#r depreciation because of increased cost
.of property replacements, not deductible for income tax
purposes as
follows: $2,000,000 for quarter ended June 30, 1948 and $4,000,000 for
six months ended June 30, 1948.
t After deducting cost of sales, sell¬
ing and general expenses and all other expenses except those shown
profit
Net
$24,879,098 $13,246,116
outstanding-
for retire,
Approp.
Noma Electric Corp.
of
Electric
<4,124,901
3,911,484
8,586,013
taxes
—
Maintenance
of the company for the week ended Aug. 14, 1943.
totaled 58,103,000 kilowatt-hours as compared with 54,981,000 ki'.owatthours for the corresponding week last year, an increase of 5.7'/, .
J
•
"9,012,559
628,572
taxes*
Fed. inc.
Prov. for
2,359,638
314,286
6,175,000
depletion
and
Int., bond
•
income
.-958,143
4,952,754
amortization
Federal
oil processed
Operating
in Strouds-
168, p. 649.
to $6,920,000.—V.
Bank
Northern
$26,448,247
,
.
35,656,203
53,901,791
1,194,920
and
168, p.
Net
depreciation
for
1947-^1
1948
$03,514,576 $57,896,857
operating expenses.
Oklahoma Gas & Electric Co.—Earnings—
1948—3 Mos.—1947
1948—12 Mos.—1947
$5,386,941
$4,721,401 $20,920,808 $18,680,446
revenues
"tProfit
Prov.
f
•
Period End. Mar. 31—"
and modernization of store
to expansion
be applied
to
Electric
stock
'
(& Subs.)—Earnings-
Operating
by J
J. Newberry, present Chairman of the Board, the
operates a rapidly growing variety chain, with 484 retail
45 states. Net sales in 1947 exceeded $117,000,000 and net
Chemical
the
966,469
$6,219,911
"
and
for
income
Other
mon
-966,469
$6,306,999
res.
Amortiz. of limited-term'
are
Noma
'
Newberry
profit amounted
-
80,538
$451,732
80,538
$452,245
income
Crude
properties.
Outgrowth of a business started in 1911 as a small store
I.8L1
$7,186,380
& other -inc.—
sales
of
Net crude
*
...
$7,273,468
stock—..
Cash" dividends paid
Shares,of common stock
;
1812.
p.
77,863
$532,270
.
Depletion'
Depreciation
171,267 ; \191,610
-
Crll8,529
97
16,308'
T.
2,482
Six Months Ended June 30—
$250,251
$189,306
365,705
Cr22,917
2,042,956
*
$172,998
(net.)———
379,887
,
'Net sales
income—,
167,
Proceeds
1948—6 Mos.—1947
1948—3 Mos.—1947
Period End. June 30—
from oper. and
income
from int. and
—
31,064
31,692
I
168,-p. 487.
1948
1947
$627,387 \ $838,'492
,- 454,388
.,638,240
.
168,850
169,006
debt
disct;,
Ohio Oil Co.
company.
(& Subs.)—Earnings—
National Steel Corp.
?
.
$9,672,904
$734,666
expense...
pfd.
cn
—V.
.
and
Balance
Co.—Notes Placed Privately—The
it was announced Aug. 17, has completed
arrangements for the sale to a group of insurance com¬
panies of $10,000,000 2.90% sinking fund notes, due Aug.
15, 1938. Kidder, Peabody & Co. acted as agent for the
$11,172,682
-
.
Divs.
Corp.-^-Earnings—
Service
Water
income-.—
dectuctions
(J., J.)
assets at
548.
p.
;
369,548
$2,143,508
company,
$11,492,58-
stated
values
369,548
$2,536,950
4,828,931
$9,549,983
2,015,158
$532,783
debt
of
966,720
3,085,943
4,778,648
income
Net
—V.
$91,1-22
Memphis Power &
stock equity (subject to realization of
in balance sheet, Dec. 31, 1947
Common
'
■
Net.
—V.
226*957
liquidation of
in
;/; Adjustment of loss
Light Co.-u._i—
$2,513,056
648,789j
$710,563
deductions
'Other
966,720
3,613,336
80,560
80,560
651,807
excess
long-term
prem.
2702.
p.
134,b59
Co. common stocx
Light
$2,906,498
Int.... on
Net
1947
31,
Dec.
$156,177
and
tax
'Amortiz.
Net
i--:—1—91,122
Payments'and expenses in connection with rights issued in
j
December, 1945, to subscribe to Pennsylvania Power &
iV'.-
238,250
—
income
Total
DEC. 31, 1947
stated
vaiues
9,101
$153,976
York
Income
stock
Common
Net loss from
249,336
earnings
Other
$43,538
.
$11,578'
—
EQUITY, 12 MONTHE ENDED
COMMON STOCK
s'oon
$40»|^5
2*,854
1,061,875
13,067
2,562
$Tu77
I.——--------
expenses
$3,824,267
1,053,019
304,073
income
Gross
(Tncl. Rochester -fe Lake Ontario Water Service
.12 Mos.
■
$4,197,767
88,490
Quarter Ended June 30—>
Operating revenues---Operating .expenses and taxes
Net
S10.2441,033
Income—Dividends
167,
New
-
3 Mos.
...
,
-
$253,768
87,604
„
1,853,756
taxes
income
profits
'■
—V.
POWER & LIGHT CO.
OF INCOME NATIONAL
STATEMENT
v
-
117,218
$254,647
"Balance'
Na-
are
making every effort to complete
called for under tiie Public Utility Act, as
as
'
$4,080,549
10,929
applicable to pfd. stock for the period-.
Divids.
'jfiKi
|
Fed.
1948—12 Mos.-vl947
$3,354,973 $44,581,687 $40,720,160
1,612,542
22,178,065
13,860,105
278,416
3,494,934
3,305,556
acqui¬
adjustments—
General
$3,684,022
140,245
$242,839
6,999
deductions
&
i
plant
■
■
.
1948—Month—1947
$3,600,760
depreciation-
of
sition
3,677,500
T—;
income
Net
.
officers
and
Directors
int.
Other
3,600,000
-Earnings—
expenses
for
Amort.
.3,166,285
$247,648
bonds
mtge.
on
300,000
•Operating
3,357,498
3,315.559'
300,000
income
Gross
»
202,653
262,359
appro.
res.
oper.
revenue
income (net)
Other
'
tional's liquidation,
as
possible.
260,296
280,266
Co-
revenue
"Prov.
17.744,420
19,689,038
3,619,571
1,528,104
1,679*003
—-
retire,
Prop,
'
v
direct
——
return is being earned.
n :
;
'4'
After National■ disposes of its interest In Memphis Street Railway
its holdings will consist entirely of investments in two wholly owned
subsidiaries: (1) Memphis Generating Co.; which' owns a 50,000 kw.
steam-electric generating station in Memphis, the output of which is
sold to
Tennessee Valley
Authority and two other utilities under a
contract expiring in 1958, on the basis of reimbursement of operating
expenses plus an annual payment of $115,640 for
the availability of
the plant and use of certain transmission lines; and (2) Lehigh Valley
Transit Co., a transportation company serving Allentown, Bethlehem,
Easton and other areas in Pennsylvania; and 34,146 shares, or 1.35%,
of
the common stock of Pennsylvania Power & Light Co., having a
.
excl.
Federal, taxes
Other taxes
which no
of about $683,0G0.
revenues.—
exps.,
■taxes
vGrosS
$2,535,955 $34,304,717 $31,629,723
$2,767,273
30^
Period End. June
:•
■
present market, value
Ohio Edison
;
,
1948—12 Mos.^-1947
1948—Month—19471
Period End. May 31— t
,
,
Inc.—Earnings-^
New Orleans Public Service
will have only common stock outstanding, practi¬
will be owned by National. On Feb. 15, 1948, Lehigh
,put into. .effect an increase in fares.
On June 1, 1948,, a new wage
■i contract was agreed upon, with the. union which increased wages an
that) property.
While there was an increase in total revenues of the
Lehigh Valley Transit group for the 12 months ended June of $184,870,
or
5%
it was more than offset by .$384,741, or. 11%, increase -in
a total
expenses and taxes;
As a result, the system failed to earn its
bona interest by $38,737 during the period. .: Lehigh's earnings Will
be Unproved by the
retirement of the outstanding $4,915,000 of 5%
bonds, as the company and its subsidiaries have available $3,900,000
cash
representing in considerable part proceeds from the sale oi
assets divested under
the Public Utility Holding Company Act, on
Lehigh
plan,
cally all of which
>!>>-.v
<V':-'
Ja-L
tbe
CV:,;
.'■'v-
■
.
.'
■
.
.
Pantepec
Oil
Co.,
C.
A.,
American
shares
of
Pantepec Oil Co
of capital stock of
r*
for
common
capital
£ r.tock and Pancoastal Oil Co., C. A., voting trust certificates for comnion capital stock
were both admitted to when distributed dealings on
the.New York Curb Exchange on Aug. 11.—See also V. 168 p 549
*
.
■M€SS
'o'fg.jj-
'
:
iZ,
ti
■:■; -:: s
■
Volume 168
Number 4727
THE 1 COMMERCIAL
&
FINANCIAL
CHRONICLE
<?'
-
*?£<■
-
'.'Vy; y'r,/.'1
//':■ ''•/
...
Pantepec Oil Co.
American Shares—
The
American
Curb
York
New
Shares
for
of Venezuela, C. A.—Exchange of
has
Exchange
advised
been
stock
common
of
this
have
for
the
American
Shares
of
the
on Aug. 24.'
Pantepec Oil Co.. C. A.
•
is
tions
formed
1948,
two
—
$1,409,155
—
i**—
.,
receivable
Earnings
—V.
$1,018,409
$2.39
$2.24
share of common stock—
per
168, p.
1948
sales
store
plan
the
to
of
;
Venezuelan corpora¬
new
reorganization
dated
March
Total
•Cost
1,
income
1947
Dr$518,700; total, $46,868,565.—V. 168,
Other
1948
93
were
The
earnings from Pantepec's properties for
cents
share
per
compared to
as
56
the first-half of
cents
for
the
dividend
two
o£ Pantepec Oil Co., C. A. have declared
bolivars,
64
or
cents
share,
a
payable
Sept.
23,
Pancoastal
holds
one-half
a
interest
in Eastern
Venezuela,
by The Atlantic Refining Co.
the
Peninsula
Oil
Leases
through Coastal
in
V
Inc.,
320,000
some
other
-
sideration
a
one-half
of
con¬
being
held
acres
interest
the
plans for obtaining
financing
will be
cover
made
10
and
miles
wide
together
the
beds
73,543
383,939
603,052
$626,427
343,200
and
with
of
stock
terminated
leases
of
rivers
U.
com¬
depreciation
and
1948—$197,675;
11
lakes,
of
which
hand
on
*
obligations
Receivable, less reserve
loans,
Total
70,753
inventories
in
of
Total
197,275
fixed
6,308,277
348,791
transit
supplies
Lake
372,687
91,698
investments, etc
June 12.'48
assets
1
1
221,201
and other deferred items
expenses
1
payable
Portion of long-term liabs. due within one
year
Salary and wages due and accrued
Accrued taxes, inch state income taxes
$8,359,504
256,549
$274,020
339,172
159,049
a
$627,957
COMPARATIVE CONSOLIDATED
BALANCE
160,155
168,627
753,218
603,052
,156,000
279,680
Fixed
assets
Total
Other
:
3,878,835
1,311,163
net
for
Patican
The
Federal
income
the
on
of
the
28,
1948,
company
on
Pennsylvania
to stockholders
&
Light
Patino
of
Mines
&
value
Enter¬
registration statement
a
of
managers
a
which
group
company's
system.
v
stock
common
quarterly
months
The
balance
since
ended
.,
-Operating
Operating
Federal
Other
June
MONTH
30,
&
12
revenues
$5,302,025
expenses
3,358,926
taxes
426,408.
taxes
152,364
been
paid
at
the
acquisition
Other
MONTHS
revenues-
income
v.•
Gross
Income
(net)
.4-
:v.-
other
Profit
ENDED
($5
loss
&
Dec.
Capital
144.056
.
I,
$934,271
Federal
1,998
deducs.
-V.
,'W
Dec. 31, '47
$795,207
~36~5l5
299,994
299,949
14,202,782
11,471,207
30,843
.
,
$12,149,956 $12,543,164 $12,149,956 $12,543,164
Philadelphia lElectric Co.—Weekly
3.5%
or
this company and
Output—
subsidiaries
,t
the
for
week
136,377,009«kwh., an increase of 4,661,000
the corresponding week last year—V, 168,
p. 650.
over
Pioneer Service &' Engineering Co.—Electric Output—
Electric
•
the
output
wec-k
of the
ended
compared
with
an
year,
Aug.
operating companies served
14,
1948,
totaled
Pittston Co.
the
255,182,000
229,543,000 kilowatt-hours for the
increase of 11.2%.-—V. 168, p. 650.
for
company
k lowatt-hours
as
corresponding week
(& Subs.)—Earnings—
6 Mos. Ended June 30—
1948
1947
$55,853,964
& adm.
gen.
bad
$43,857,065
47,055,306
35,352,718
2,799,295
2,508,274
expenses
debts
14,844
and
other
taxes^
13,151
350,722
325.485
291,064
244,057
$5,342,729
payroll
Operating profit
Total
$5,413,378
taxes,
.
648,480'
-
income
Interest
paid,
Deprec.,
655,740
$5,991,210
(net)-,
depletion
Net
for
Portion
1,784,378
$3,097,064
$3,392,318
ac¬
to
com.
7,444
834,521
$2,283,099
$3.75
appl,
6,528
807,437
inc.
net
597,527
1,569,277
taxes.
stockholders: Dividends
preference stock of subs
of
294,893
1,012,524
income
minority
crued oh
of
amort
State
income
Prov.
$6,069,118
312,343
&
Prov. for Federal &
$2,550,353
stockholders
subsidiaries
in
8,815
1,033,000
4,444,690
2,520,303
656,845
2,480,255
2,432,454
Dr460,324
allowance
166, p.
5,129,276
Playboy Motor Car Corp.—9,033,022 Shares Sold—
shares
—V.
&
of
Gross
sales
of
corporation
650.
p.
Point
less
ret. &
Co., Inc. (& Subs.)
30—
on
gen.
adm.
Other
profit
from
exp
1947
—
applied,
$9,627,535
$6,572,971
155,680
-
$10,783,075
231,616
'
103,845
State
Net
income
$6,804,587 $10,886,920
196,506
Fed.
Provision for
3,310,556
$9,783,215
•«.
deductions
taxes
report
The
income
on
3,700,000
Jan.
4,000,000
$4,027,078
$6,476,833
19,344,812
14,187,129
5,844,791
taxes
330,000
.
surplus
2,509,000
$5,556,709
franchise
1
1,728,675
$24,901,521
Cash
dividends
Cash
dividends
on
prefered stock-
on
common
surplus, June 30^
Earnings per share on 1,480,050
; shares outstanding
$18,214,207 $12,321,624
87.500
1,480,050
■■■
Earned
4,450,498
:
stock
ZfA
railway
and
on
$4.37
$2.72
cost
for
brokers.
147
plus interest),
$4,540,700;
accounts
%
S
-rr
V, ■».
to
company
$100), to
funds, to the
other
be
issue
sold
Control—
not
at
trading
and tn*.
construction of a line ot
and other property.
acquisition of equipment
Commission
company
par
..
states
in
part:
«
was
line
of
the
St.
Louis,
Brownsville
Lolita, Jackson County, Texas,
The
cost
&
Mexico
distance of
company proposes to
reduction plant to cost in
aluminum
an
a
Aluminum
estimated
borrowed
of
$500,000
the
paid
will
Of
be
the
of
Ry. Co.,
approximately
construct
excess
of
near
Point
$20,000,000.
of
the
The
be
has
stock
no
each,
company
on
stock
been
is
consisting
sumscribed
to
be
of
and
5%
non-assessable
account.
open
authorized issue
an
shares
5,000
or
(par
$25,000
common
has
$100).
been
stock.
There
conversion
privileges,
call
privileges or
than those given
by law.
The stockholders
preferences,
rights
entitled
10
remaining $486,205 will
Aluminum
railway company provides for
capital
stock
in.
to
share
from
charter of the
liquidation
•
\
with
the
(par
constructing the road and acau'ring equip¬
ment and other appurtenances is
$986,205, of which $10,000 is allo¬
cated
to the purchase
of, right of way, $736,205 to construction of
the line, $108,150 to the construction of a
locomotiVre house, $92,500
to the acquisition of 2 diesel electric
locomotwes, $25,500 to general
expenditures and the remainder to the purchase of
office furniture,
tools,-and similar items.
Of
the proposed
expenditures $500,000 is
to be provided from the sale of stock
and the
are
hand and demand deposits, $8,523,419; U. S. Gov¬
securities (at cost), $3,583,755; U. S. Treasury
(at
The
All
municipal
Savings Notes, Series C
Comfort
1,102,500
$23,333,971 $16,734,157 $11,219,124
$3.69
stock
of the
main
near
miles.
be
1,480,050
CONSOLIDATED. BALANCE SHEET, JUNE 30, 1948
ernment
the
or
The
0/,
orders
13.
from
the
with
in
..
:
Aug.
incorporated in Texas April 29, 1948,
purpose of
constructing, owning, maintaining and operating
a line of railroad from a
point in the Thomas Cox League in Calhoun
County, Texas, near Point Comfort on Lavaca Bay. to a connection
410,087
268,509
the
authorized
10
common
The
for
12
Provision for
to
shares
acquisition by the Aluminum Co. of America of control of the
through stock ownership was also approved and authorized,
road
'
income
9,033,022
The
1946
$24,374,046 $17,774,507 $22,561,132
13,122,201
9,480,139
10,050,403
730.915
541,571
350,757
893,395
1,179,826
1,376,897
operations—
Gross income
Other
Aug.
of
Earnings—
1948
allow
that
announce
total
Comfort & Northern Ry.—Stock and
ICC
$500,000
proceeds
1522.
goods
underwriters
Co.,
the
168.
for
tax)
Pfizer &
$4.35
254.
Dr259,656
5,034,831
(less
168, p.
Tellier
1
inv.
-V.
185,000
4,444,690
on
per share.
36.297
investments
of
treasury—(at cost)
apprec.
Earnings
5,390
42,419
railroad and
30
v
28,683;
487.
p.
The electric output for
$12,633,722
tax on unrealized appre.
realization
&
.z:l:: zpff i
98
surplus
168,
$1,082,288
market quot.—
on
1930
ASSETS—Cash
v.;
(net)
SHEET
$15,447,201 $12,633,722
$7,068,425
1,980,000
,;.
prior
to
chgs.
ended Aug. 14 amounted to
obligations, at value
Selling,
$5,088,425
174,199
269,340
ad¬
wage
$417,859
BALANCE
sold, excl. dcprec.
depreciation
$5,413,465
2,854,856
Federal and state
48,658
Provision for
1,980,000
4,022,752
5,089,631
106,061
based
inc.
"iz/z
$7,393,465
648,831
3,868,085
income
(Chas.)
,
—r
790
778,598
stock
justs.. applic
The
$862,381 $11,995,364 $11,518,923
$588,979
$497,619
Divids. applicable to pfd. stocks for period.-
790
stk.
franchise
-
4,601,899
395
for
Total
$859,576 $11,901,861 $11,416,963
2,805
93,503
101,960
364,762
395
Property,
par)
income
•
$936,269
347,290
.600,000
269,340
Provision
receivable
calendar
1,728,675
„
1,473,420
600,000
67,335
4,007,343
quotations-.
on
31.
stock
Unrealized
$1,635,358 $62,510,259 $55,926,409
2,794,302
38,415.854
32,331.918
398,644
5,370,070
5,482,771
145,986
1,804,459
1,655,526
3,289,340
1,473,420
150,000
67,335
5,034,831
revenues
JUNE
736,710
150,000
non-cum.
Common
—V.
736,710
stk._
pref.
3,450,225
26,761
Undistributed
rfi;.
V; Net income
Pfd 5%
5,129,276
—
value
Allowance for Fed.
30
of
stock
stock-
501,207
cumul.
$5 cumul. pref.
Selling,
follows:
as
income $7,181,-
1
;
$6
•8,569
166,644
$15,447,200
Earned
—
income
&
cumul. pfd.
'
$0.16
1,863,458
Total
oper.
Philadelphia
on
Co. stocks:
6%
176,388
$0.23
rights
Capital stock
1948—12 Mos.—1947
144,056
plant
adjusts
yM'y
Net
Divids.
$141,522
175,168
June 30, '48
at
38,223
$13,883,092 $14,146,435 $19,046,148 $17,915,770
$346,635
Cost
292,794
■
.-.
rate
1948, total operating
$7,393,000.
For the
286,000
____
'
12,543,164
10,961
LIABILITIES—
1946.
1948—Month—1947
Depreciation
Amortiz. of elec.
-
11,147,536
•$94,445
market
on
Gross
FOR
was
6 Months Ended June
have
late
$197,827
252,390
Accounts payable and accrued expenses
Reserve for taxes
•
$62,510,000 and net income was
1947 operating revenues were $53,658,000 and net
? Period End. June 30—
$300,191
Total
of
€00.-
■EARNINGS
9,000
$762,943
Mineral
$156,788,000 of funded debt.
were
10,758,315
(net)
Other income:
based
completion of the sale of the 316,863 additional shares the
company
will have 2,851,771 shares of common stock outstanding
along with 440,000 shares of 4 Mr% preferred stock (par
$100) and
the
inv.
United States Government
generating units totaiing 250,000 kilowatts at the
electric generating station and for
connecting this
the
of
Investments,
will
After
year
Surplus begin, of period
Credit to
surp, miscel.
$5,932,277
11,945,270
sales of invest¬
Dividends and interest
company plans to issue and sell in October, 1948, 63,000 shares
of preferred
stock and it estimates that
$36,000,000 additional will
ihave to be raised through the sale of securities to
carry the construc¬
tion program through 1951 to
completion.
The balance for this con¬
struction program will be obtained from
treasury funds, cash generated
from reserves and retained
earnings, and other internal sources.
12
13,000
Receivable for securities sold
The
the
25,413
Cash
three
on
28,438
ASSETS—
financing.
share
$6,502,984
1946
$175,935
,,
$0.36
COMPARATIVE
since
per
$2,987,938
net
INpOME
♦JjOSS
tions.
For
$3,124,777
kwh>
17,500
tax:
Beginning of period
End of period
share
$52,000,000 is
cost of additions and replacements for electric and
gas
facilities to meet service demands and to increase
efficiency of opera¬
Dividends
inc.
ments, based on adjusted cost—
Unrealized apprec. in quoted market
the estimated
cents
51,385
income__
int. in undis¬
tributed inc. of a sub.
date.
1947
share
per
Net realized gain on
The proceeds from the sale of the stock
will be
applied to the
company's construction program which calls for expenditures esti¬
mated at $1C0.0G0,C00 for
the four years
1948-1951.
The company
plans to spend during this period
approximately $48,000,000 for in¬
to
that
at
$239,265
—_
Earnings
Co.—Registers 316,863
with the SEC
joint
station
1,671,875
40,664
the
public
last
covering 316.863 shares of additional common stock which the com¬
pany proposes to offer to common stockholders for
subscription at the
rate of one new share for each
eight shares held of record Sept. 8,
3948.
The subscription price will be filed
by amendment. The rights
to subscribe will
expire Sept. 23, 1948.
The First Boston Corp. and
Drexel & Co. are named as
new
appreciation
1948
Increase
Power
The company on
Aug. 17 filed
steam
1,625,156
93,867
by
capital
$349,451
—
inc., without giving effect to
security transactions
Dividends paid
Shares of Additional Common Stock—
Sunbury
of
31,761
—____
Expenses
Curb—
Consolidated of record Aug. 23. 1948. at the rate of one
of Patican for each two
shares of Patino held.—V. 168, p. 650.
of
unrealized
ou
shares
COMPARATIVE STATEMENT OF
Income
was
prises
stallation
380,469
106,167
held
Net
stock
the
343,750
subs,
$16,729,315 $15,396,751
stks.
Minority
same
■.£ Six Months Ended June 30
admitted to dealings on the
New York Curb Exchange on a when distributed
basis at noon Aug. 18.
On July
21, 3 £48,
675,000 shares of this issue were approved for
listing by the Curb Exchange. The shares are to be distributed not
later than Aug.
underwrite
1948 was
tax
841,300
on
„
3,204,561
Co., Ltd., Toronto, Can.—Stock
capital
7,741,214
stock
$16.66, after providing an allowance
share
per
basis, the net asset value per share on 861,700
share? outstanding at Dec. 3l» 1947: was $14.39^'
■
1155.
p.
8,560,510
of
Balance
value
461.849
2,949,815
2,418,773
periods
Misc. surp.
Corp. of America—Semi-Annual Report—
asset
530,660.
3,240,416
$5,881,046
Retroactive
$28,152,463 $25,540,726
_
167,
760,061s
2,064,869
$14,060,466 $13,080,591
Provision for esti. Fed.
—V.
108,688:
251,158
2,859.003
util.
of
capital
49,400
6,625,329
'
Petroleum
3,878,835
1,306,823
3,767,244
-
Surplus
Total
3,809,926
inc.
deducs
1,950,000
168, p. 650.
The
$6,415,188 $12,289,273
12,586,851
4,734,747
193,182
126,487
t
stock
stock
than
income
49,400
7,632,537
Total
$28,152,463 $25,540,726
liabilities
Preferred
852,606
income
rev.
on
.v2,145,000
surplus
Calculated
liabilities
$5)
(par
outstanding at June 30,
;
Common
stock
surplus
—V.
LIABILITIES—
debt
1,345,732
'A.::;. 2,945
$5,639,564
$114,971
SHEET
*
Long-term
916
250,839
,
tax
companies
•.Gross
333,983
Capital
12/48 June 14/47
$17,939,282 $17,984,476
6,821,183
4,878,924
3,391,998
2,677,326
assets
Current
State
(other
Divids.
740,704
342,878
income
.
Common
June
assets
Other
inc.
164,765
703,825
383,939
171,600
taxes
Federal
Earned
ASSETS
Current
146,024
215,949
payable for. year 1947
taxes for year 1948—
Dividend payable, July 1—common stock
Long-term liabilities
Federal income
$17,471
$967,129
profit
1,600
62,790
plant
adjusts—
Fed.
Total inc.
$1,389,637
145,873
Reserves
income
charges
Net
$1,829,476
—
8,342,033
$849,178
117,951
income
Other
265
62,470
elec.
$6,076,106 $17,821,017 $15,990,974
D>T95,059 Drl,091.702
594,223
206,850
$14,060,466 $13,080,591
Accrued
Total
4,232,165
8,080,753
152,648
for
Consol.
Total
June 14/47
$13,564,035
12,714,857
costs
Other
4,912,245
8,658,733
$6,004,725
jDr365,161
94,327
159,189
3,169,228
Goodwill
Prepaid
•
113,886
3,987,552
—
Accounts
24 Weeks Ended-
Total
1,102,863
2,246,841
885,349
of
Net oper.
LIABILITIES—
income
1,243,069
2,346,186
taxes)
30
$3,028,394
215,676
91,625
5,742,611
Co.)
1948—12 Mos.—1947
$72,580,080 $ 63,538,561
33,355,326
28,709,899
&
taxes
1947
$2,721,029
Government
Merchandise
held
and
S.
and
Philadelphia
$21,975,678 $19,673,534
9,935,235
8,461,980
___
retire.
acquisition
Provs.
of
1948—3 Mos.—1947
depletion reserves
Amortiz.
of leaseholds-
Taxes
1947-
JUNE
1948
banks
Inventories
announcement
an
in
Merchandise
Pathe Industries, Inc.-Earnings—
Gross
v.
to
Provs. for
amortization:
Co. and subsidiaries and other
subsidiaries
i
cos.
expenses
Maintenance
'
$2.29
312,000
util
of
revs,
Approps.
v
Accounts
549.
p.
of
.COMPARATIVE CONSOLIDATED BALANCE SHEET,
by Coastal'Petroleum Co.
consisting of a strip of tidelands
miles long on the Gulf Coast of
sounds and bayous contiguous thereto,
bays,
shares
ASSETS
Cash
390
Okeechobee is the largest.—V. 168,
429,000
on
outstanding
•Including
acres
some
number
a
been
The
railway
Operating
$983,927
$1.46
period
$161,850.
funds through financing
yet been completed. As
have
program
to stockholders.
approximately 4,600,000
about
Florida,
153,991
48,830
Oper.
$1,660,523
Income
to
-Earnings—
Pittsburgh Railways
street
-■■"'■■■
350.
p.
Subs.)
•
.
Pancoaslal's subsidiary
which
holds,
the Florida leases, has now under con¬
Petroleum Co.,
for
paid a;—
per share
Earnings
to
arrangements,
details of which have not as
a
part of the
financing program Peninsula has recently added $1,000,000 in cash to
its funds available for
operations, through a private sale of 5% con¬
vertible debentures due
May .1, 1958. When negotiations for the rest
«f
96,739
charges
income
Dividends
mon
cessions
(&
•
Amortiz.
Directors
holders of record Sept, 10.
.
(Not including
$1,506,531
$1,059,196
—
same
Net
of
of
$962,457
Estimated Federal income tax_
1947.
Board
—;
\
income
Miscellaneous
Estimated
period in
profit
income
Total
being held by Creole Petroleum Corporation:
1
Philadelphia Co.
$22,292,083 $22,392,255
21,329,625
20,885,723
sales
Operating
or
compensation,
$413,413;
reserves
for
repairs and replace¬
of
leased property, $60,000;
3\'i% cumulative preferred stock
($100 par value), $5,000,000; common stock
i$l par value), $1,500,000:
paid-in surplus, $4,890,411; earned
surplus, $23,333,971; less reacquired
common
stock, $1 par value, held in treasury, 19,950 shares at
cost,
$21,977,129 $22,081,162
314,953
311,092
income
store
of
cost
payable, $1,130,761; accrued federal taxes
income, $7,137,136; other accrued taxes,
wages, salaried and
ex¬
$2,798,554; reserves for contingencies,
$1,123,019; reserves for
Period End. Mar. 31—
of Venezuela, C. A., now being liquidated.
The other* company is Pancoastal Oil CO., C. A.
Pantepec Oil Co. C. A. holds a one-half interest in certain produc¬
ing oil concession in Eastern Venezuela, the other one-half interest
lower
(at
deferred
of Pantepec Oil Co.
pursuant
inventories
and
$658,471;
ments
Peoples Drug: Stores, Inc. (& Subs.)—Earnings-
Other
deposits)
penses,
155
Six Months Ended June 30—
Net
and
LIABILITIESr-Accounts
332,561
$1,081,511
—__
$4,154,351;
investments
other
assets
(miscellaneous
land, buildings, machinery
and
equipment (after reserve for depreciation of
$7,898,748), $15,085,832;
intangible assets (patents, trademarks, etc., at
cost, less amortization),
$2,644; deferred charges, $150,300; total
$46,868,565.
$1,350,970
327,044
reserve),
$10,169,093;
investments
on
—
(less
market),
1947
y
$1,232,413
$1,173,757
176,742 *
177,213
;
.
of the
one
;?V'" 1948
/
income
Net
stock of Pantepec Oil Co. of Venezuela, C. A. will be closed permanently
at the close of business on Aug. 25, 1948. Dealings in this issue will
be terminated on the New York Curb
Exchange at the opening of
business
30—
Gross income ——
Income deductions
capital
common
June
i;
Co., C. A and voting trust certificates for two shares of common
capital stock of the new Pancoastal Oil Co. C. A. Shares of all three
Issues have a par value of one bolivar.
Traded in at present on a when distributed basis, the two new issues
will be handled on a regular way basis on and atfer Aug. 24, 1948.
books
Ended
income
Other
been
15 Exchange
Place, Jersey City, on or after Aug. 19. Holders will receive in ex¬
change for each share of stock American Share certificates represent¬
ing one bearer share of the common stock of the new Pantepec Oil
transfer
Months
Operating income
of
holders
that
company
requested to surrender same to the Corporation Trust Co.,
The
11
•
Pennsylvania Water & Power Co.- •Earnings—
6
the
(747)
_
other
to
one
incorporators
and
1
vote
of
for
the
subscribed
each
share
railway
for
of
stock
company
4,991
shares.
9
held
by
subscribed
All
of
the
them.
for
1
stock,
it
THE
(748)
COMMERCIAL
9
.
shares to be held by directors, is
approval, by the Aluminum company.
except
to
7
our
.
the railway company's stock
control over that carrier in
subject to the act.
In the-'
transportation service, would be
Cash
common
no
Accounts
and
Inventories
at
Investments
and
Equipment
■account.
Deferred
Co.—Earnings-
&
Special
Dividends
from
80,520,978:1,731,549"
Profit
sale
35,619,437
278,215
Miscellaneous
713,339
I
r
for refund
of
Fed.
and State
interest
.
35,501
1-
First
Second
12
__
2,242,000
i,
1947—
June 30,
.
fi
1,099,000
1948-
A',:: 263,000',
r
,244,000!
653,000
713.000
;
.409.000.
677,000
a
422,000.
1,865.000
30; 1948-/-
June
end. June 30,
mos.
—V.
<V>.
I
',.178.000
446.000
••—----
quarter
end.
mos.
12
1,398,000"
*
quarter
Second
Accounts
720,000
844,000
.
1948
First
.,416,000
<
For Fed.
1,152,000.
For
Other
-i:——_
_
-■
income
67,0.76
40,972
39.353
21,730
-12,553-
—
income taxes—
".Utility- operating
Other
75,626
•
22,342
18,619
—
—-
taxes'ZJ.
Puerto Rico
1947
$588,210
373,172
- -
————
Depreciation
General
1948
$632,534
439,873
•
1
_
income
->
(net).
4.784 !
-
Total
deposit
and
20,569,335.
Common
Earnings
per
cash
$89,882
25,827
'
——i
—1
Income deductions: " total
".$54,690
Operating
i'ii Net; income
—V.
50;-
167, p.
"
—;
•
assistant
as
Saul
of
announces
the appointment
actuary.—V. 156, p. 1333.
President,
Kolodny,
George
Rosenthal
Subs.)—Earnings—
(&
Electric Power Co.
'
30—
June
Operating
i
Taxes, ; other
income
taxes
than income
Provision for
Net
depreciation
for
Provision
operating
Other
revenue
(net)
income
*.
taxes-—
—
——___
1,939,230
3,226,882-,
$484,512
$522,028
$6,912,726
$6,896,509i
1,831
Cr802
6,584
50,258,
$482,681
interest
Net
income
Prior
-V.
L—_
income
163, p.
-V.
168,
Tfae
V.
168.
10c
of
mechanical
Chemical
share
common
on
of record Sept,
1.—
Bank
&
has
Co.
Trust
stock.—V.
167, p.
f
<•<■'
'■
■ \
OperatingOperating
SLx Months Ended June 30—
tj"
Maintenance
♦1947
ordinary
5f772^209
reserves, etc.)
Divs. payable to
(int.
public
Electric
&
pfd.
on
Gas
prov.
Net
stock of
inc.
Service
stock
etc.
5,655,446
750,256
1,153
Cr346
of
Corp.
7,828,633
Jersey
New
11,598,007
4,925,463
preferred
dividends
2,903,165
Service
of
Corp.
dividends
Jersey
3,852,235
t949,070
New
3,460
3,110
23,974
$112,832
$371,418
in
22,359
$33,884
163
(Cri_
.
♦Restated
exclude
to
Pullman Inc.
.
,
Period End.
minority
tDeficit.—V.
County Gas Co.
June
sales
From
$1,153 in
net .income
of
Operating
$165,541
$218,545
$60,172
$17,853
surplus-
168,
Net
Raymond Concrete Pile Co.—Earnings, Etc.—
—V.
of
report on the company's activities
mailed to
stockholders,, states:
during
the
Contrary
management's' prediction
to
that
the
volume
of business,
131,895,812
94,850,000
income
income
166,
p.
9,014
cash
.loans
the
of
and
hand
on
company
are
approximately $1,750,000
167, p. 157,
Prov.
Misc.
and
2,046,025
4,214,653
4,203.254
8,054,896
212.071
4,307.050
265,988
3,323
8,548
3,868
16,452
13,536
50; 408
27,861"
90,881-
invests
income
♦Interest
Prov.
____
Net
paid
taxes
sh.
sh.
of
1,057,059
1,751,776 V' 1,830,553
3,514,492
2,647,010
2,774,216
5,017,317
:
$0.63
.
.
,
in
2,647,010
$0.98
$1.45
5,017,317
$1.86
1,614,948
2,634,581
3,220,897
3,774.216
assessment of Federal income taxes on intercompany
1941.
1947.
shares
market.
$1.86
1,313,565
tTransferred
from reserve for manufacturing
•
*
a mount
per
share
1948, amount per share is based on
89.500
.?
2,645,196
*•!:' 1 $1.01
and' other contingencies.
of
$1.07
2™
♦On additional
open
;
1,000.000
outs.—
inc.——
net
stock
NOTE—For
$0.98
1,000,000
credit
paid
of stock
75,496
1,645,196
■
—
Adjusted
■
on
of stock outs—
Dividends
8^607,305
75,496'
——
income
t Adjustment-
For
445,075
4,604,770
-4,474,282*
2,702,256
for Fed.
income
sale
981.860
3,704,646
2,546,021
139,374
Total..
Per
963.557
from sale of fixed
assets
Per
122,410,550
489.865
2,15^,062
Operating profit
InC;.; from invest.—
_
44,714,058
481,582
deprec._:
Selling, gen. & adm. exp.
Gain
82.108.598
61,761,154
for
According to
inventors
1948—Month—1947
having been effected
'"
is
based
2,610,531
through
•
838
7,583
4,966
$816,039
$695,247
$4,667,268
$4,214,996
620,011
revenues
$696,085
1,447
551.875
3,750,018
3,196,226
$143:372
$917,250
$1,018,770
115,027
Net
and Babcock &
Disclose Simple Method and Machine:
Semi-Finished
semi-finished
to
machine
become
has.
on
2.700,031
•"
shares^
shares, the reduction
stock
purchase, in
*
^
the
a
& Wilcox Tube Co.
results
were
demonstrated
in
continuous
Water
Safeway Stores,
greatest
single
advantage
of
this
process,
according
to: the
announcement is that; it removes from the conventional process, of
steelmaking the most massive, and-expensive parts of such plants, such
as equipment for ingots, soaking pits, and the. blooming mill.
Instead,
continuous casting; permits passing, directly
from the melt to .semi-i
finished sections ready for secondary mills with the result that not
pnly is the capital cost for a, given, output greatly. reduced, biifc also
maintenance and operational costs,. The, work accomplished to datd
makes it clear that for the production of: relatively:small quantities
of steel and particularly as a means of decentralizing steel production,
this, new, development exactly fills, the requirements of low capital
and low; operational costs.
,
:
I
years ago,'Republic attacked the problem of continuous
steel, and in 1944. entered into discussions with-The Bab¬
cock company.
V formal .agreement, was made between the two com¬
panies- in-,194ft The work, which started < at Republic's plant in
Cleveland, was transferred first to the Babcock plant at Barberton„
six
About
casting
of
Ohio, and later to The Babcocx
—V,
167.
p.
2473.
company's plant at Beaver Falls,
Pa:
due in 1981 In definitive form i
18, 1948 at. the office of The
Broadway, New York 15, N., Y.
bonds of that series in temporary
.
Inc.—Sales Higher—
casting
—4 Weeks Ended—-
Aug. 9, '47
Aug. 7, '48
Period—
"
—32 Weeks Ended-—■>
Aug. 7, '48
Aug. 9, '47
$
$
$.
$
United States—
,
The
Bonds
Corp.—Definitive
Power
against outstanding
165, p. 2142;
form.—V.
said in the announcement to open up
254,442
351.
delivery
for
178,531
29.208
55,170
606,733
$412,037
first mortgage bonds 3f Series
be available on, and after August
York Trust Company, trustee, 100
New
3
of semi-finished:
possibilities of utmost
importance to the-entire steel,, industry through increasing-, productivity
and decentralizing production by simplification of apparatus and inn
creasing the final yield of steel "from the original melt. The new'
method and, apparatus are •considered a timely .response' tQ- great eeonomiCr pressure-to. serve, areas locally. Interest in the possibilities of,
continuously cast semMinished,.steel is 'enhanced by" current* uneasi¬
ness over high break-even points and the doubled and-tripled ,cost~of
new;,productive facilities.;
."
*
'v
,
,
The
steel,
p,
The
will
.
and The-Babcock
income.
$54,731-
charges
-.Safe -Harbor
.
from Beaver Falls, Pa., Aug. 18 the dream
that steel might be made from the liquid"
shape in one. simple,
relatively inexpensive
reality through a joint development of the
oper.
after
—Wv 168,
580,745
$336,505
88,641
$81,001
against
century
a
1948—6 Mos.—1947
$4,219,962
$4,674,851
$817,486
._
Opeiv expenses
dispatch
a
for
Corp.—Earnings-
Telephone
Period End. June 30-
Oper,
Corp.—Corporation
Wilcox- Tube Co.
$27,995
2214.
Oper. revenues,—
Uncollectible oper. rev
deposits of $1,200,000*.—V.
Steel
Republic
9,198
$27,148
total
_____
Foreign earnings are reflected on an estimated
share.
per
Republic Steel Corp.
Cost
-■sold
$37,194
$196,028
would
1948
$4.15
were
of
$
$
51.453,203
4
$36,163
Rochester
probably show some decrease, both new business
and profits have materially increased and as yet there is no evidence
that -building activity is easing.--This has
resulted in net- earnings,
after taxes and preferred dividends, of $4,50 per share on the 186,694
shares, of common stock. During the same period of 1947 the earnings
during
phase
66.944,820
$37,189
51
first six months
1948,
1948—6 Mos.—1947
of
products & servicesof. prods. & serv.
138,443
$36,214
and taxes:
expenses
deductions:
Income
..
$
$175,638
159,844
total
income
Total
,351.
p.
Casting of Steel from Liquid Phase to
Shape—..
1948—3 Mos.—1947
1947
$196,059
—
earnings
Other
transfer'd
earned
1948
revenues
124,460
153,000
52,660
Service Corp.- -Earns.
Ended June 30—
Quarter
$200,001
$371,545
$112,832
16,000
inc.
for
(& Subs.)—Earnings—
30—
(After
dividend on common stock—V, 168; p. 351.
Rochester & Lake Ontario Water
30
41
28
$33,855
♦Deficit.—V.
2,820,304
50.
p.
$
Revenue:
of
interest
168,
in 1947.
amortigal.op and obsolescence of $26,938,409
in 1947.
J Including. 214.070 shares issued
$25,020,431
and.
1948 and $1,381,871
$1,496,293 in
depreciation,
April 1, 1948, as a 57<
33
Net
.'.
Balance
,
11.052,329
26,452,735
127,981,437 110,455,326
of
reserves
for
1948
$239,998
net
income
Bank
common
:
2,144.259
13.514,026.
6,672,539
3,852,235
Balance
Public
1.123,406'
2,561,884
34,594.224
basis.
'.."•;stOck
1.185,904
2,561.857
contingencies--
—
•'Aftei
$312,357'
$395,392
inc.
(chgs. i_
from
to
18,004,862
Public
:
*
469,858
-
income
income
Net
A
Co
450,000
♦$157,501;
340,737-
$115,942
269,834
58.050
fluctuations. __
foreign - accounts.*
on
430,433-
396.924
etc.—
surplus
surplus
Capital
Total
$37,344^
19471
in
12,251.293
699,861-.
54,605
140,409
10,000,000
exchange
possible loss
for
1,000.000
20,370,000
1947♦
$542,360
603,112
Net
for
4,925,468
income..
Public
(refunded
in
preferred stock, ($25 par valuei
Common stock, $.50 par, value, ($1 par value, in
194.8—6 Mos.—1947
♦$24,467
862.307
40,000,000
$4 50
Operating
t
750.229
bonds,
on
Minority int. in net income of County Gas Co.__
Net
for
Earned
inc.—
income
Extraord.
7,609,178
8,343,903
13,688,174
—
deductions
-1
Service
foreign
$657,717
$6,186
11,430,166
11,507,493
.LI
5,109,653
Balance
Income
insurance,
for
non¬
or.ci.
from
ordinary
47.493,903
9,854,993
"
""
a
12.877,004
expenses
taxes
;
;
for
loans
reserves
Extraord.
59,027,154
11,656,394
8,490,468
_
Depreciation and retirement
Federal income taxes
Other
Reserves
Reserves
1,728,537 '
11,467.671
800,000
(refunded
deben.
fund
sinking
Bank
120,692
31,153
income,
Deduct,
Expenses
4,160,212
con-
payable
alphabetical
$96,225
.
102,730-
111,511,453 102,814,337
:
revenues
$108,916
,
revenues—
oper.
Net
102,452,510
361,827
244,094
cos.)
(corp. and sub. cos.)
i948—Month-—-1947 y*
revenues
111,267,359
(sub.
revenues
levenues
7,991,418
4.035,927 ■«
-Earns.
1948
.
5,673,368
4,705,669
1.185,596
Reserves
communication
Gross
(& Subs.)
-
4.682.420
(estimated
taxes
income
alphabetical
pf Americjt—Earnings—
Corp.
expenses
Ordinary
1475.
$
4,841,829
2.292,669
annually
2%',/
possible.
as
Deduct,
Total
always
York registrar
appointed New
been
"
'
2.161,706
Reserves
order.
Net
Public Service Corp. of New Jersey
Other
is not
to arrange companies in exact
However, they are always, as near
possible
Period End. JunrSth-
of America, Inc.—Registrar—
Metals
the common
Operating
it
reasons
$3,216,451
quarterly dividend; of
per
holders
to
15,
110,455,336
$
sinking fund debentures, due April, 1, 1967
lding purchase contract (4^ 1 payable $200,-
o'y
000
155.
p.
Pressed
for
payable Sept.
regular
a
dividend
an
127,981,437
-
'
foreign
Dividends
488.
p.
Radiomarine
declared
Aug. 17
extra
.on
$2.501,
1
(payable in foreign currencies Mar.
investments,
and
share
(par
1,149,824
etc.
and
S,
155
directors
a
>
U.
$3,860,309
$3,820,757
Bu
•vSs.jt"
25c
687,500
687,500
________
tracs.
Powdrell & Alexander,* Inc.—Extra Dividend-
stock
paid
diivdends
available-for "common
Balanqe
1,208;327'
$2,958,589
-
31, 1948t.
Trade; accounts payable.,__.____.____
Commissions,, salaries and wages—
Accrued taxes, interest, insurance, etc
Est mated
cost cf completion of service
2,298,442
$4,508,257 ^ $4,547,809;;
$323,990
$278,325
___^
preference
position
Net
2.397,385
672,073
.
$4,424,778
3,534,279
charges
$6,906,142
198,840
amortiz,__
&
$6,846,251'
882,051
expenses—
LIABILITIES—
Drl1,963'
Drl3,302
$4,492,868
Gross income
Net
$522,830
204,356
Balance
NOTE—For
■'
Total,—_ —
.
■—
•
27,962,697"
1
and
costs
etc
Goodwill,
154,922 >
353,972
237,606
33,229,330
etc
patents,
Prepaid
3.699,156
$4,436,741-
$4,506,171
expenses,
1,820,054
277,718
Bank loans
Int.
$29,119,312 $25,379,704
16,202,340 13.076,331
2,148,741
1,773,127
'
1,938,123
1,743,807
" 1,193,269
1,457,008;
3,130,666,
2,892,683
1
expenses
Maintenance.——;
1947
1948,.
.
operating revenue
1,967,476 )
1,268,201
Unamortized; debenture
136,000
net.
1,698.385 '
1,384,830
234,398
and equipments:
plants
(Properties,
1,555,935
:
,
Ended
Months
12
Total
1,676,036:
;
>
1,244,647
accounts-
and
securities
Miscellaneous
97.404
deducs.
40,262,136
cost)
(at
Commissioner
dustrial
314.325
inc.
30,495,045
or
.
income-
on
Net.oper. .revenues
Other
Potomac
•.
cost
of
lower
(at
'
8,009,376
28,224,464
46,538,549
receivable-.—
drafts
marketi——
Investments, Advances and; Other Assets—
Partly-owned V domestic1 corporations-^Partly-owned foreign corporations
Bonds on deposit with New. York State In
taxes.—^__
taxes
Other-
$
and
♦Accounts
' 1,932,581
2,261,197_
133,267
145,833-.
Depreciation.
Fed.
Co.—Assistant Actuary—
Insurance
Life
Postal
-<•
162,788
195,867
1947
1948
.
.1,031,924
.
Maintenance
i
-
-
_.y
BALANCE SHEET,. MARCH 31
'
Inventories
;
$3.56
12,466,779
$2,102,719 $28,685,027 $26,089,779 •
12,315,858. ..10,538;642,
870,918
$2,269,865
revenues
Operation
3,520,760
rental machines.
for
include provision
to
461,070 *
2,858,162_
ASSETS—
•
subject to pos¬
1948r-12 Mos,—1947
1948—Month—1947
Period,End, June 30—
•*-
received
Company stock oyer book value of investment therein,
sible. adjustments and contingeneies—V. 168, p. 488,
$80,356
25,666.
$64,055
-
—
share
common
CONSOLIDATED
200,470,183
189,636,829
of
1—
'
15,727,578-
15,129,048
461.083
3,957,530
2,568,846
$3.42
2
—^—
paid (in. cash)
dividends paid, (in stock 1
Puget Sound Power &, Light Co.—Earningsincome
Gross
surplus—".
dividends
♦Reclassified
450.000
________
to earned
dividends. paid__*_^_—
Preferred
of .The. Pullman Company at,
on sale
of The Pullman,
dividend
formula
1 Excess
amount.
etc.-
transferred
54,304
104,421.240. 108,001,240
28.574,535" 34,917,233V
—_u____________
♦Tax
540,000
indicated market valuerforeign accounts,- in-
.to
corp..
"...
nominal
11,075,000
reduce, investment
vestments,
Tncoiht
.
36,708
10,625,000
possible loss on
for
823,502
1,315,926
taxes (est.!,
in partly-owned
income
foreign
to
Common
20,569;335i
Capital Stock
Surplus :____
$74,334,
6,021
$85,098
a—-
.
and
S.
♦3,392,150
4,302,385
221.835
675,2371
>
.
Other deferred credits___
-
•
:
I-
1
credits
general expenses—
and
charges-—:--.—
interest
domestic,
.
•
2,009,960
110,292
164,277,692 147,937,856
78,091,136
85,682,881
38,791,782
46,010,617
—
debt;
Provision
Prov,
2,003,960
reserve
income
other
and
sales
administrative
.funded.-1
U.
2.732,827^. ;2,646,939;'
'6,842,492^:, .3,349,824i
1,500,000
2,500,000
;
tax contingencies,,
23^359
zao.uoy
231,4ia
income
sales
of
Cther
_
reserves
fDeferred
Co.—Earnings—
3(b—
revenues
Operation
Ma i n tenance-
& State
■
3,774.095 - 4,145,335
1,786,719c- 1,620,141)
730,573
manufacturing, and other contingencies—
partly-owned
in
corporations
Provv for deprep.,. amort,: and obsolescence of
plants and equipment
Interest
and amort, of costs and expenses on
19,250,069
17,315,328
—
,
General
Months Ended June
'"12
Operating
payable, and. payrolls..
partly-owned'corporations
of: investments
^'
$
162.439,217 147,136,478
^977
505,lbb
income-
discount
and
on,
Selling,
l-Cie&Vb*
_.
.
Reserves; #
I For. employee benefit plans
168, p. 350.
Porto Rico Gas & Coke
'
.
Provisiphyfor Federgl taxes .on .income———
Provision for other ta.xe$r—
/
Prov. for renegotiation of prices on gov. contracts
,
?
?/'»" "
1947
1948
_
$
Total net
Cost
189,636.829 200,470,183
„—__—
LIABILITIES—
•
•"'•442.000-
1,162,000
1947—
30.
June
end.
mo.
$304,000
'
239,000
655,000
quarter
end
6 mo.
$203,000
$507,000
quarter
Total
Prof. Taxes Prof. Taxes
t
.
Qalp(.
foreign
Before InC. & Income & After Inc. &
Prof. Taxes
X947--
V
,
'*
*
Interest
2,007.470
15,0231
5,230 696
taxes
deposits
•
♦Contingent
Profits
* 4,465,244 f
34,113,355
381,793
property
charges;
Claims filed
Poor
«'t
advances
and
Inc.—Annual Report
YEARS ENDED MARCH 31
,
.
9,916,191
—
,
.
INCOME ACCOUNT,
CONSOLIDATED
;
^
46,207.801
17,482,500.
175.45811,966,413,
accounts.—
car
cqst
')
$t>-
.
86,894,597
—
receivable
notes
Deferred-payment
..
1.
13,457,000'
12,987s
19,604,237
—__
Other, marketable securities at cost
carrier
available to the Aluminum company's new reduction plant at Point)
Comfort were it not provided by the. railway company, arid, the line;
of
that carrier
can. be
constructed only with funds obtained irom
the
Aluminum company through the. purchase, of stock or on open.
instant I case
1947
;■
m
Remington Rand
,
-
,
19,277,128
securities.
Gov,
~$,_
y"; *
—-
——
S.
U.
'
'
ASSETS—
30
1948,
•
.
of 4.993 shaies of
the
Aluminum company would exercise
addition to its control of other carriers
ownership
Through
SHEET JUNE
CONSOLIDATED BALANCE
purchased, .subject;
to be
1943.
Monday,. August 23,
CHRONICLE
FINANCIAL
&
in
operation—
in
Stores
operation,u *
Stores
•
168,
p.
488.
'
;
St. Joseph Lead
G Months End. June
Net
sales
Cost
of
.
'
'
Co.
50—
profit
Total
——
per
435,796
$9,105,008
653,768
416,474.
—--;
T
$9,758,776
$8,665,400
520.359
*
arid surtax
—
share——————
227,533
121,107
— ,r
income
Earned
1947
580,830
Income—
Depletion
Net
^
$8,248,926
expenses-'-
————
-.—
Federal normal Income
'
28,717,728
32,073,713
Depreciation
4
'
$40,903,469, $38,258,533"
—
State, income taxes
42,176,155
..141 •
1948,.
'
' "
r
sales
51,162,184
139
....
(& Domestic Subs.)—Earnings—
Other. income.
'
'
:
general and administrative
Selling,
Net
5,929,286
7,172,632-
•Sales
—V.
78,028,728 732,442,295 621,285,897;
2,152
2,261
89,050,535
Sales
•«
—
—-•
2,030,335
135.447,
-
2,632,658
45,058
56,323
$5,948,530
$6,706:814
$3.01
$3.39
:,:V
■"vW
n, ,
Volume 168
'X
■
'':v5
.ft;
Ntimber 4727
THE
•
•
,,r,
r
'
(
v>'-
COMMERCIAL &
FINANCIAL'
-.4
••?-'<
CHRONICLE
'>'"n
•
13
(749)
—
CONSOLIDATED
BALANCE
SHEETS
Simplicity Pattern Co., Inc.—Debentures Placed Pri¬
vately—The company, it was announced Aug. 16, has 4
sold
$1,500,000 Vh% sinking fund debentures dated-;
June 1, 1948, due June 1, 1960, to The Equitable Life
Assurance Society of the United States. Merrill Lynch,
Pierce, Fenner & Beane negotiated the financing for 1
PURPOSE—The net proceeds will be
.
ASSETS—
June 30,
Cash
U,
hand and
on
'48
Dec. 3l»"'47
$8,664,308
$7,117,793 *
in banks
S. Treasury certificates and notes
Accounts
(at cost)_
10 000.000
10.000 000
___
4,612,177
3,878,584
receivable
Due from Compaiiia Minera Agunar. S.
Due from affil. of Conipania Minera
A,
142,931
138,349 *
Aguiiai,(
1,955,152
U.
S.
Govt.—claims for
Other
accounts
Inventories
refunds
assets
323,535
_
_*
:
593,291
___
liabilities—
Accounts
:
•
180,627;
$55,462,308 "
:
•
payable——.
Wages payable-.:
—r_
417,378
—
.
1,987,105
;__
1,919,572,:,
19.754,565 ;;
—V.
378,216
378,216
$58,353,892
•
Net
:
»
.
4*
...
*r
i
■
'
'
•
Regis
30
"
,
1948
•
ties-
Paper
Cancel!
Co.—General
has
resigned
Manager of Division—1
Vice-President
as
of
Electric
898,888
This
400,000
j
$541,988
.
$663,767
$537,377
working capital of
-
$0.73
$2,892,022.—V.
166,
1
San Diego Gas & Electric Co.—Definitive
Bonds
series
C
National
due
delivery
in
Bank
March
1,
exchange
in
1978,
for
that
announces
'•
-
San Jose Water
Months. Ended
Operating
bonds,
General
30—
(net)
:
Provision
for
427,051
Balance
Net
_1
163,099
before
$1,367,023
$1,373,633
102,503..
35,626
Profit
35,626
$287,033
243,113
before
for
.
$1,123,911
$786,373
taxes—__,™—
1,341,978
v
Net income
dividends "
line
basis
for
return
the
isv used.
the
Income
The
1946
years
account
tively.—v. 168,
amounts
by
and
claimed
1947
the Federal
exceed
approximately
si.
p.
in
the
$31,900
income
amounts
and
Available
$40,800,
respec¬
lated
increase
stated
i
Sangamo Electric Go.—Earnings—
6 Months Ended June 30—
Sales
Net
1948
income
tax
t $555,867
75,315
—V.
168, p.
723,270
$4.03
$2.53
352.
Quarter
'
Ended
June
income
Total
The
certificates, maturing $280,000
through 1963, were priced to yield
2.85%. The offering is being made subject
tax. credit.
from 1.60% to
under
The
&
i'sue
Co.
for
2
awarded
was
Inc.
bid
99.31
Aug.
for
18
on
and
bid
a
of
09.55.
Halsey,
Harris, Hall & Co.
Stuart
99.2877
(Inc.)
Period
•
Profs,
after
all
$10,915,058 $15,940,851 $72,297,013 $63,295,103
—
income
taxes—
4,465,000
6,723,300
29,465,000
25,517,922
115,064
$47,741
$52,992
to
continued
Net
profit
$6,450,058
—
that
hand
on
ventory
have
April
accounting.
been
month
1948
30,
reduced
period.—V.
If
were
not
they
subject
had,
the
approximately
137, p. 1592.
to
net
"Last-In
First-Out"
profits, after taxes,
$1,000,000
in
the
April
in-;
would
1948
nine,
directors
The
common
1948.
10,
March
..
July
j
30,
The
Aug. 17 declared
stock, payable Sept.
The
31„ 1948,
share
for
the
dividend, of-25 cents
a
29,
1948
company paid dividends
and June 29, 1948.
1948
net
of
amounted to $2.65
profit
per
11 months ended July
to
holders
20
share
per
of
cents
record
per
on
Sept.
share
for
share
the
11
Carolina
compared
with
Power
issue
$1.34
per
figures
water
1948
give
Serve!, Inc.—Earnings—
1,726,926
Earns,
per com. share—
■v* After
taxes
and
special reserves.—V.
Sherer-Gillett
On
Aug.
]66,
p.
charges.
167, p.
$0.37
tLoss.
1475.
$ After
-
($1
2423.'
"$1.07
deducting
-
J
increase
in
effect
to
the
company's
Carolina
Power
as
of
improvement
in
the
increased
Co.
and
gas
$550,000
—•
•
pan.
—
Underwriter,
filed
with the
First
"
f.
.
was
"
of
SEO
for
Michigan
1st &
awarded
was
Boston
business.—V.
r
6 Months Ending June
Net
30—I
sales
Revenue
\
.
—
from .strapping
Dividends,
loyalties
and
—
tools and
machines
167,
income™,.-™
Net
earnings
'Dividends paid
-
^
317,602
Edison
Co.—Bonds
on
Aug.
195,756
111,970
74,93 L
$6,236,627
5,493,011
289,362
349,303
$543,403
205,562
$454,254,
193,330
$337,841
$260,924
$10.47
surplus-_l--^-»>L-..i:--!
"share, preferred
share,
•—*V»
loQj^pj, 4oo*v
common
..
stock-—
stock--.-
.88.76
,-U.
«■
—
—-
•
$1.28'
t
$1.06
18
on
a
bid
of
■11"'■!■■
Co
Inc.
150,000 '
Harold
100,000
totaled
Colorado
output
of
3V140;000
for
the
168, p.
E.
Wood
&
Co._
150,000
the
Power
kilowatt-hours
corresponding
Co.—Weekly Output—
for
company
the
week
compared
as
week
last
ended
with
year,
Aug.
14,
2,771,000
increase
an
1948,
kilowatt-
13.3%.—
of
G51,
Other
Gas &
Electric
Co.—Sale
TO
PRESENT
of
as
July 1, 1948,.
1978.
from
the
sale
of
the
new
bonds,
estimated
at
Bankers
Trust
3%
Issue
has
Co.
bonds
of
■
General
Fed.
Int.
on
and
JUNE
168,
p,
first
551.
30
1948—12 Mos.—1947
$700,300
$9,534,258
4,724,622
$8,471,283
314,552
68,904
64,930
792,810
741,187
7,200
7,200
86,400
86,400
854,341
810,314
1,041,538
989,291
$160,522
$2,034,548
$1,902,002
21,037
252,450
143
and
tax
148
1,772
Crl,407
1,372
156,135
excess
$161,873
long-term
debt
debt
of
153,09B|
———
3,942,084
21,037
-
252,450'
disct.
expense
Other
$1,000,000
386,226
income
Amortiz,
.
ENDED
for
1978.—V.
taxes
profits
.
1,
plant
income
Gross
PERIODS
acquiadjustments
sition
trustee
July
$780,338
depreciation.
of
due
1943--Month—1947
"_
expenses-
for
appointed
1948
FOR.
■
Appointed—
been
series
revenue
Amort,
FINANCING
Outstanding
Bonds
for
mortgage
V
EFFECT
of
SEC
mature in
proceeds
Prov.
bids
..
GIVING
to
Operating
Aug. 19 of¬
100.10.
due: 1965
■participating)
Cumulative
deductions
——
$108,000,000
1,772-
13,810
,
7,142
■
.
'.j.
30,000,000
—
preferred
160.000 shS.
stock.:—
4.32% -series
.
.
Net
$137,964' $1,766,515
$142,096
income
pld.
Divs.
stock
on
-
Preference
stock
34,358
-
34,358
$1,640,636
1 412,296
412,296
v
—V.
800,000
(cumulative)
convertible
series
amount
8,000,000
______^r,
issu-^
but
that whenever
the
company shall,
indebtedness the aggregate,
duly authorize any increase of its bonded
principal amount of bonds which may be issued and outstanding under
Indenture may^ be correspondingly increased.
The • indenture per-mlts the issuance from time to
time of additional bonds thereunder,
ijnder the restrictions-and conditions-contained therein,
'
NOTE-Company entered Into'credits agreements "dated; July 25, 1947,:
with
various
the terms
bahks
to
provide
for
temporary
financing
pursuant
of
outstanding
of $75,000,000.
Borrowings under such credit agreements
evidenced by "short-term uhsetured notes not exceeding 360 days,
maturing, and. .bearing interest, at a. rate of lVa.% per annum, and
such 'credit agreements provide for a
commitment fee of#. V*.* of l% i
annum
on
the
daily
average
•
unused
amount
of
the
-■
credit
Gas
Co.—Files Plan for Merger of:
'
the SEC for the merger of two'
Birmingham Gas Co.
Alabama
with
plan
Gas
name
Co.
of
and
the
surviving
company.
^
>
the
plan, will receive 448,371 shares of the new
company's $2 par common stock in exchange for its holdings of 60,000
of
Alabama
common.
After
the merger the surviving
comv
will have 721,428 outstanding shares of common stock, of which
will be held by Birmingham's present common stockholders
62,15%
by Alabama's present common stockholders.
;: : -
Shares
pany
37.85%
and
Southern's
amount
stock -will
holdings of the surviving company's common
shares,.. The surviving company will-
702,107
to
in
notes
the
amount
of
$3,340,000
in
exchange
standing notes of Birmingham and Alabama.—V. 168,
p.
issue
new
the
out-;
for
352.
1 Southern Ry.—Estimated Gross EarningsWeek End. Aug. 7
Period—
V
1948
'-f
Gross
com¬
1
Southern, .under
23A%
to
which the company can borrow, repay, a.nd then borrowagain -from * time, to time-durlng the-period of two years from Aug.
8, 1947, r-amount? not exceeding the, aggregate sum at any one time-
per
a
Gas
in substance, that at the date of the indenture
indebtedness which may be represented by bonds
thereunder is $250,000,000,
Natural
company has filed
subsidiaries, Alabama
Corp. will be the
3,183,295
provides,
of
$1,228,340'
$1,354,219
Subsidiaries-
1,653,046
"799,800
,.i
able
$103,606'
$107,738
551.
p.
Southern
3,000,000
series-^—
Common stock
168,
1,653,429
convertible
r
Balance
160,000 shs.
$6,000,000
?.
-4.48%
mitment.1""","
«
Electric
Gross
and
4.56%
1947;
&
150,000
250,000 *
.
651.
p.
EARNINGS
Offered—
4.88%, series,™^-
$5,965,9401
Co.,
600,000
& Co.-™-,
Wheelock
&
Cummins.
150,000*
O'Gara
168,
a
25,000,000
are
Balance to
Tamed per
and
40,000,000
the
$7,456,563
Thomas
.
Corp'.—
6,993,429
-
rates
B,
-
-
100,000
Inc.
Alfred
acquisition
A, due 1973
•
$7,886,135
Operating cost and expense____.Federal income ta3c___™_™
v
&
250,000
&
Co., Inc
Sweney Cart-wright & Co.
'_
Mericka,
100,000
150,000
•
W«Htef: Stokes 8r< Ca.ii.iC.; ;
J. S. Strauss & Co
...
for
-
J.
Co
Trustee for Bond
refunding mortgage bonds:
"Indenture
1948
Wm,
2473.
p.
3V4S, due 1964_____,____
(3V8%)
due 1973 (3%
Capital stock" (par $25) : * - ""
Original pfd, stock (5%. prior, cum.,
'
*
other
$0.65
Series
1,000
«
&
400,000
Period End, June 30—
Corp.
V"'
r-
,'Series of 3s,
'
Signode Steel Strapping Co.^-Earnings—
Rothschild
by the
$984,525, will be used to provide a portion of the funds
the construction or acquisition of permanent improve¬
ments, extensions qnd additions to its property or to reimburse its
treasury in part for expenditures made for such purposes.
May 18, 1948.
earnings was.
bus
Authorized
Nil.
Co., Marshall, Mich.—Filing With SEC.
10 a letter of notification
shares
common
V.
$0.56
1,500,000
:i
Kormendi
:
-1,500,000
Co.—400,000
Co.-U"
John
required
$793,986
•"
Series
';
Period End. April 30—
1948—3 Mos.—1947
1948—6 Mos.—1947 :
-♦Net
profits—*$1,026,421-■■ $706,605- -$1,985,457
t$75,712'
Com.
shares outstand1,726,926
1,726,926
1,726,926
Co._
F.
&
company
1947
$1.11
said,
California
First
3 V»s.
>100,COO
_____
Salomon Bros. & Hutzler
Hirsch
and
requirements.
conditions,-
CAPITALIZATION
,-
5
land
L.
250,000
•
.
1
400,000
Stroud
The
$1,349,150
Series of
I
♦$1,273
associates, 102.069 .for a. rate of.
3VnVf ; Blyth & Co., Inc., and
associates, 101.889 for 3Vas; Lee Higginson Corp., Shields & Co.- and F. S. Moseley & Co. (jointly), 101.885
for
Co.,
on Aug.
11 sanctioned the com¬
proposal to. issue and sell privately to institutional
investors for cash at 99.3% plus interest
$1,000,000 first
Subsidiary]
a
(pro forma)
share__'__
dividend
above
general
The
100,000
&
pany
Co.—Earnings—
Co.,
ended
31, 1947,-^-V. 167, p. 1592.
Pollock
Bruce
&
.
100,000
Co1.™—™
Authorized—The
$25,000,000 3% first and refunding mortgage bonds,
series B, due 1973. The issue has been oversubscribed.
^
months
E.
*
-
1,500,000
&
R, W. Pressprick & Co;- 1,500,000
Rotan, Mosle and More-
;
Southern Indiana
49,014
fered
orr
.......
.
.
that
reports
company
income
common
Southern
were:
Seeger Refrigerator Co.—Declares Div. of 25 Cents—
the
South
Gas
Halsey, Stuart & Co. .Inc. and associates
The
/
Jackson
-
Inc.
100,000
-
Bodine_—
&
Wm.
.
100,000
Townsend,
.
-
l,500,0pO
Webber,
Heller,
V.
489..
p.
$9,217,551 $42,832,013 $37,777,181
Aug. 13, 1947, there was a change in accounting method'
whiskey and spirits purchased since that date and remaining
&
Co
&
Curtis
Shaughnessy & Co., Inc.
•
NOTE—On
in
168,
preferred
better
'
several underwriters and the
bonds to be purchased- by
&
Co
150,000
&
Merle-Smith'_
1,500,000 £
Gregory^ & Sons, Inc;__;
600,000
$47,741
49,063
total
of the c.ommon stock of South
S. E. McMeekin, President,
due
from
provisions
630
net
per
raised
the
Patterson, Copeland
Kendall, Inc.
Dick
1947
$3,928
NQTE—The
1948—9 Mos.—1947
oper.
charges
Federal
1948—3 Mos.—1947
"After
been
as
new
follows:
as
Detmer
$162,806
12 Months Ended June 30—
Seagram & Sons, Inc. (& Subs.)—Earnings
End. Apr. 30—
principal' amounts, of thel
are
Southern
1948
119,710
income
"Earnings
(Joseph E.)
have
such
Inc.—Earnings$172,072
deductions:
Consolidated
will
and
Dempsey- &
of
$52,362
Unci.
% s.—V. 163, p. 651.
1948,
Crouter
:
j
V;
total
-South Carolina Electric &
Corp., and Stroud & Co., Inc.
and
been; obtained from general
sources,
mortgage bonds, 3% series to be dated
Co., Union Se¬
curities
will
total
having
150,000
and re¬
.fSales' are
renegotiation
_
"Deficit.—V.
to approval of the ICC. Associated with Salomon Bros.& Hutzler in the offering are Drexel &
this
internal
100,000
474.
p.
each Sept. 1 from 1949
Net
other
City Securities Corp.—„
Clayton Securities Corp.-
$0.86
1 Deficit.'
refund
for
167,
income
Income
of
the- balance
and
&
^Ales-contra^^ price
a
earnings
income
kw.,
70,000
January,
hours
Other
construction
Paine,
441,502'
Nil
30—
taxes:
approximately
Otis
$380,877
*452,650
$1^60
of
provisions
and
funds
DeHaven
'89,455
:
t.$635,127
452,650
stock
material.—V.
expenses
ing of $4,200,000 2%% equipment trust certificates, series
D, was made Aug. 19 by a group headed by Salomon
Hutzler.
war
Operating
Net
&
Federal
deducting
for
$725,652
revenues
RR.—Equip. Trusts Offered—Offer¬
Bros.
in
Operating
\
.
Seaboard Air Line
"
,
common
sources,. with
Courts & Co.-
$470,332
79,260
•
South Bay Consolidated Water
Co.,
$7,643,363:
1,151,163
Earnings per share (286,000 shares)——
Of
of
its
estimates
now
approximately. $130,000,000
1947
$11,451,804
Federal
before
contracts
.
—
income after
per -share
company
program
expenditures
the three-year period 1947,
1948 and
1949
at
approximately
$171,000,000. fit also estimates that upon completion of the program
of
"Includes-retroactive-adjustment
.
:
end
™^^__
Earnings
charged, in-
stock—™:
at
that
Byrd Brothers
765,450
..
common
period
tax'
~
for
*
construction
of
an
additional
hydro- "
Joaqin River, to be known, as Big Creek .
the plant, if constructed as now. planned,
San
Halsey .Stuart & Co. Inc._$9,900,000
1,235,782
$800,967
:
shares outstand.
9,000,000
32,000,000
during
-
Common
the
Allison-Williams .Co.—- 150,000
1946
-
12,341,389
$308,166-
NOTE—For accounting purposes,
depreciation is computed, on a- 5%
sinking fund method, but for Federal income tax purposes, the
straight-
'
541,011 Crl,785,522
income
on
8,000.000
substations
Ahnst.edt. Brothers— _150,000
A'mott, Baker & Co;, Inc.
100,000
Burr & Co., Inc._ii.j__ •.
600,000
-*1947
1948
taxes
$21,000,000
-•
—
contemplates
on
estimated
an
ultimate capacity
approximately $15,000,000.
each"
$14,472,336 $11,223,621 $22,7.75,833 :
_v_.
Federal
is
respective
587,260
(& Subs.)—Earnings—
Preferred
.
-
$1,329,085
—
p.4-
'
$-77,000,000
have
The
May,
p. 488.
sales
P'rov.
stock
269,023
•
$343,792
preferred- stock
common
Wet.
lines and
;UNDERWRlTERS--i,l(hei names.of the
deduc."spec. chg.
chg. & oth. deduct.
Solar Aircraft Co.
additions
gross
_
Years Ended April 30—
100,348
$4,103,4.05
:
$446,300
$322,660
$4,583,329
'
10,843 >
$423,008
___
I.—-——.
Balance available for
$1,598,108
Net income
the
1948, $20,000,000 par value of preference stock sold in *
$25,000,000 of new bonds now offered), leaving ap¬
proximately $25,000,000" of additional financing to be effected by the
}
et)d Qf. 1949 under; this program.
£uch additional financing may
take the form of bank loans or the sale of
securities, or both.
150,130
$435,457
4,461
bonds, etc.
*
on
323,325
-^-V. 167,
that
depreciation and
amortization
(expected to exceed
$10,000,000
annually)
and
unappropriated earnings.
About
four-fifths
of
the >
$130,000,000 of new money will have been raised
upon completion of *
this financing <$20,000,000 par value of cumulative
preferred stock
sold, in December, 1947, i$40r000,000< principal amount of bonds sold
2,879,902
spec.
estimated
for
$1,223,503
Gross inc. before
108,^)8
___
deductions
income
3,539,631
184,477
116,574
__
will
in
$1,043,699
digs.,
is
—
plant
It
outside
1946
4,019,828
Int.
It
.
1947
$1,189,749
408,359
.
,
7,000,000
company
4.
cost
'
83,975
135,968
.
.
$418,547
income.;
first mort.
Dividends
The
treasury
-Earnings-
1948
$5,209,577
353,226
134,996
I—
Non-operating
on
1
depreciation
Balance
$1,301,412
114,580
income
on
12 Months Ended May 31—
Net earnings from operations—
Other income inet)___
1947
$1,374,847
_____™___^
taxes
like
Sioux City Gas & Electric Co.
;
,
steam
new
No.
through
Operating revenues
Operating expenses and taxes™__
1948
-
taxes
Federal
Ready'
551.
p.
revenues
Operation expenses
Maintenance
-27%. -over
or
deliveries
Works—Earnings—
June
Reported—
period of 1947.
Reflected in this increase j
the company's terminals at Bryan, Clinton, '
Youngstown and Cleveland, Ohio, which were put in operation during
the 1948, period.—,V. 168, p. ,352.
•
mortgage bonds 3%-i
form, are available for at its
Corporate Trust
Department, 11 Broad Street, N. Y. City.—V. 168,
12
Deliveries
first
definitive
temporary
Co.—Record
company
barrels
are
.
electric generating plant at Redondo
Beach, in which
generating units, each of 66,000 kw. operating capacity, were put
into operation during March and
April, 1948, is the principal generat¬
ing plant now under construction.
Two similar generating
units are
scheduled for completion in the latter part of 1949.
The total cost-,
of- the
completed plant and related* facilities is expected to be ap¬
proximately $38,000,000,
liabili¬
current
_
Refining
prop¬
two
reports a
new
high of 88,100 barrels of product's
through its eastern division products line on Aug. 10.
This
previous daily high of 85,200 barrels on April 21,
In
the first six months of 1948 tlic products line, which extends frorh
the company's Marcus Hook
refinery to its refinery at East. Chicago. :
delivered
8,177,000
barrels
of
products,
an
increase
of
1,751,000
.
$39,642,511.'
distribution
Total
A
4,611,
$0.88.
a
of
356,900
.
compares with a
1, 1948, and on that date will rejoin the St.
'
~
'
'
Cancell will become general manager of manufacturing of the
Printing. Publication- and Converting Paoer Division, and will make,
his headquarters at
Deferiet, N. Y.—V. 168, p. 550.
.
General
1948-were $4,558,149 and
leaving
'
Sinclair
1948,
$4,681,517
stock-:
common
$1,666,127,
were
.
part
electric generating plants.™
Hydroelectric generating
plants-—.—
Electric- transmission lines' and substations
'
delivered
River
Powell
..Mr.
Chase
30,
1947
—
assets at June 30,
1619.
in
plant for the last six months of 1948 and for the year 1949 will
approximately $77,000,000.
The major additions during such 18
months' period are expected to be in the
following classifications:
•$653,767
•
739,026 shares.
on
finance
to"
$5,623,791
—-
.-1
dividends
Current
to
.
■f1.053,767
;
taxes—-
profit for -period——
Per share
and
be
electric
Co., Ltd., effective Oct.
Regis Paper Co.
The
JKne
V,;
JUNE
ENDED
company
acquisition
CONSTRUCTION PROGRAM—Gross property additions and betterments to the company's tangible" eiecmc'piantr for'the year "ended
D*c- 31, 1947, amounted to $53,838,916, and for the six months ended
r
,.uj•' .* 'j
i
..
167, p. 2473.
St.
Int.
MONTHS
•
income
Balance available for
p.
Benton1 R.
.
SIX
-
—
$55,462,369
"
i
sales
Preferred
t
-
*•
"
i-
the
reimburse
the
extension or improvement
the company's construction
Steam
FOR
•
Profit before
24,022.132 1
-
Total
-
v
f
,»
,,
288,013
27,007,488
—
"
; c".
,
for
.
.
.
:
19,754,565
Capital stock (par $10)
surplus. ':___™——_™__—_
Capital surplus
I
Earned
■' ■ "*f
used to
made
completion,
facilities
i
333,372
4,474,521 *
545,464
-
Reserves
1 .-.y-/
$4,291,970
$4,206,137
—————4,057,536
taxes
"*'«
■
Provisions for Estimated income taxes
•
____
Federal income taxes—
:y..;^
EARNINGS
:
Net
Total
'
Other
11,738,007 *
673,501'
l_~
—
•
its
expenditures heretofore
the
construction,
for
and
program.
.Will be used to modernize plant arid 'for additional working '
expansion of the business.
., • J;-".'.,
*.;
United States Trust Co. of New York has been
appointed trustee, .
paying agent and registrar of the debentures.for
certain
of
'Proceeds
capital
.
699,126
$58,353,891
_
assets-
Deferred charges
romnanv
''••••'
'
11,978,981 ?
11,979,165
12,C43,878
___
the
tiiszy.
"
381,685 :
6,788,303
6,713,139
________
___
Miscellaneous
1,958,785
627,750
625,185
_
„_,™.T
Investments
Capital
income tax
receivable
for
erty
—V.
'
'
•"
"
earnings
168, p. 651."
,v
-
*"
1947
—Jan. 1 to Aug. 7—•
1948
.
.
1947
,
v
'
\
$
-li"'
15,908,299
5,487,743 192,443,568 173,386,21*
'
- v °
£
'
;
.
$4,137,401
7,046
Oper.
$4,130,355
Oper.
revenues
expenses
Net
$3,370,301 $24,068,902 $19,256,476
taxes
oper.
after
t—-V.
charges.
168, p.
—
352.///^
$452,465
240,582
$5,581,783
2,457,516
$507,590
419,747
income—
Net
Net
$913,095
405,505
—
$211,883
143,497
*
January 1949,
in
of
about
$1,472,060
1,033,693
$295,049
500
$2,182,387
550
oper.
$374,837
$294,549
$2,179,087
$1,714,829
278,075
253,418
1,664,185
1,373,268
$96,762
$41,131
22,797
$514,902
241,907
$341,561
161,502
revenues
Oper. expenses
Net oper.
-
revenues...
44,731
J;
Oper. taxes
3,300
■
3,000
r
said.
Net
$52,025
40,619
income..
oper.
after
—V.
charges
Corp.—Earnings, Etc.—
$7,073,696
Telephone
Bell
, i
>
i,v
■
i-.1,,: Vv t.\
Operating
EARNINGS
1948—6 Mos.—1947
t
■
$
$
.
,
16,690,192 108,889,266
36,332
400,490
FOR
YEAR
16,653,860 108,488,776
13,097,280
88,718,283
1,900,603
11,574,056
ENDED
87,191,649
68,541,375
10,492,505
Net
MAY
May 31/48
Earnings
87,407,153
215,504
18,762,617
15,715,121
1,814,309
883,363
$0.68
Quarters Ended—
66,259
reV..
oper.
'if.
18,823,875
revenues....
Uncollectible
$
■
..
$1.80
capital
of
as
__
amounted
1948,
.—
Operating
taxes
.......
$1,909,000,
to
.P.Net
1,233,187
operating income
after charges
Net
—V.
168,
1,655,977
1,403,349
855,030
8,157,769
6,566,265
8,196,437
6,028,633
A
Kellogg & Sons, Inc.—Earnings—
r
36 Weeks Ended—
Net
profit after
Number
of
Earned
—V.
share
....
hcur,
1,222,110
$3.85
—
$15.73
,
by
(A. E.) Staley Manufacturing Co.—Change in Officers
Promotions
and
organization shifts to increase the personnel
management group and streamline the functions
have been announced by the company.
W.
R.
of various
of the
executives
formerly Assistant
Boyer,
The
former
officers.
E.
was
Subsidiaries
(Including
,
*
-
Operating
1^48—3
Period End. June 30—
-
In
sales
Cost
of
goods
Sejling,.
adv.,
exchanger
heat
Clifford
Manufacturing
Division
$
$
This
Standard-Thomson
automotive
Standard-Thomson
the
accepted
been
Division
standard
as
equipment
thermostat line
the
by
$
13,748,500
25,287,763
25,839,929
2,469,904
133,387
7,049,605
5,294,282
962,810
1,127,457
1,308,233
1,504,660
3,432,714
1,260,844
8,357,838
1,129,806
1,834,600
Profit from operations
(Income credits
mechanical
income
Income
378,801
>
688,043
948,000
charges,
Prov. for Fed. inc. taxes
■
Cr73,600
-
-
position
(includ.
Provision
•
-
i
Net
i—V.
5,019,242
3,834,537
interest
1,182,401
1,209,734
subsidiary
stock
pfd.
192,500
192.500
385,000
dividends
1,587,263
1,587,263
3,174,527
3,174,527"
shs.
outstdg.
3,174,527
3,174,527
3,174.527
3,174,527
tEarns. per com. share.
$0.60
$0.14
$1.46
$1.08
on
Common
No. of
com.
*Sales
1948
be
of
materials
raw
the
and
amount
comparable.
profit
for
Profit
the
have
reported
loss
or
been
for
excluded
on
periods.
respective
from
1947 has been
such sales is
tAfter
the
net
adjusted
reflected
allowance
dividends.
385;000
is
it
reasons
for
sales
so
in
for
to
as
gross
preferred
p. 255.
Standard
Fruit &
Steamship Corp.
(& Subs.)—Earns.
6 Mos. Ended June 30—
Operating
1948
Operating
Provisions
and
$3,409,332
591,258
490,633
abandonments.
profit
$641,640
estimated
for
income
taxes
be
73,000
1,000,000
$1,918,699
.
$
.
amount
the
$
$
.
income
.
>
54,892.808
a__
long-term debt.
taxes
and
other
Earnings
net
per
inc.
288,229
share
NOTES—Capital
quarter
to
were
333,864
*9,389,554
50,263,615
1,621,819
27,864,113 103,430,148
249,880
568,665
167, p.
5,300,000
25,250,000
10,600,000
40,504,579
I:
$3.12
22,314.233
'
$1.72
77,611,483
40,808,200
and
foreign
more
these expenditures
from
$3.14
$5,97
associated
companies
:
exploration
subsidiaries
than
received
expenditures
similar
fox*
$47,500,000,
an
domestically "and
for the second
purposes
increase
of
$10,000,000
over
first quarter.
The company's crude production was 285,000 barrels daily during
the second quarter, up 4,000 from the daily average in the first period
of the year.
Production for the first six months of 1947 was 256,000
barrels daily.—V. 167, p. 2693.
f
,
,
for
the
,
Standard Oil Co.
(Indiana)—Sugar Creek Refinery in
Operation—
catalytic cracking unit at the company's Sugar Creek
(Mo.)
refinery, according to A. W. Peake of Chicago, President, is
one of four planned by Standard of Indiana as part of a
$600,000,000
program of construction and expansion at many locations in various
departments of the parent company and subsidiaries.
Two cat crackers
completed under this program are now in operation at the company's
The
•
to sale the $3,550,000
new;
stipulated
Bank &
announcement
Aug.
feet
storage
of
space
at 443 Central Avenue*
J.
organized
manufacture
to
shares
($2
par)r
all the shares now
outstanding.
500,000. common
are presently outstanding.
theie will be 302,200 shares
If
per
net
to
proceeds
the
company
of
the
will be
issue
the following purposes:
pronide additional working
the company's products.
(a)
(b)
For
capital for expansion of sales of
To
expansion
of
production
of
the
electronic
and
radio
tele¬
vision divisions,
(c) To provide additional capital for the sale and marketing of new
INCOME
Net
16
of
MONTHS
12
ENDED JUNE
profit
30,
1948
_
$161,998
7,641
sales
on
\
$2,399,841
2,237,845
a
—
goods sold
Gross
Other
Department,
STATEMENT,
sales
income
|
Total
,v;:
gross
and
Expenses
Net
Tax
profit
deductions
$169,637
295,253
deductions
Other
for
loss
credit
(due
to
charged
Balance,
—V. 168,
229,39®
p.
$355,015
year
loss
133,376
carryback)
to earned
surplus
account
$221,635
651.
the shares are being sold for the estate of
as
and
company
Superheater Co.—Earnings—
its
subsidiaries
together
constitute
of the
one
(Incl. its affiliated Canadian company)
and most diversified manufacturers of textiles in the United
The company is also one of the largest agents for the sale
6 Months Ended June 30—
Profit
products manufactured by others,
than
more
by
the
one-half
company
sales
of
Oct.
Income
Total
operations,
from
1943
sales,
less
engin.
$1,670,950
expenses
other
Federal
taxes
Earnings
company
for
$1,230,758
353,705
$2,094,830
113,707
$1,584,461
income
on
and
r
423,880
sources
earnings
Dominion
1947
and
Depreciation
of the dollar sales of products
subsidiaries was represented by
cotton fabrics and the remainder
and its subsidiaries for the fiscal year
amounted to $224,272,040 while net profit for
totaled $28,509,657, equal to $8.24 a share on the
the
31,
from
administrative
and
fabrics, about one-third by
woolen and worsted fabrics.
foreign
period
107,805
641,000
taxes
454,000
105,517
.113,341
$1,234,606
income
$909,315
v
:
Proportion applicable to minority Interests
-
61,158
67,870
1947
period
capital stock.
business
sold
PURPOSE—The
Co., Inc.—Stock Offered—Morgan
rayon
The
232,500
are
used for
Cost
,
Stevens &
same
N.
originally
pre¬
currently acting as selling
agent for nine other manufacturer's of textile fabrics.
The company and
its subsidiaries manufacture a wide variety of
cotton and
rayon
fabrics in both the grey and finished state and
woolen and worsted fabrics.
For the semi-annual fiscal period ended
the
City,
1938 In
Summit
floor at
and an
a
directors'
meeting held July 20, 1948, dividends
share were declared for the three months ending Sept. 30,
to holders of record as of Sept. 1, 1948. To the extent
it is permissible at law, it is the present intention of the directors
to continue paying dividends on a quarterly basis at I2V2C per share.
Moses T. Stevens.
ended
and
Jersey
DIVIDEND—At
offering Aug. 19 of 175,000 shares of stock (par $15) at
$29 a share.
None of the proceeds will accrue to the
Net
warrants
and
notes
AND
15,000 square
which
of 12'/2C
Stanley & Co. and Harriman Ripley & Co., Inc., jointly
headed an underwriting group that made a secondary
by
of
July 19, page 256.—Ed.]
Registrar and Transfer Co.,
by John E. Mulhern, Treasurer.
489.
May 1,
1948,
manufactured
offering
the
issue of
agent:
1948, payable
disposing of its interest
f
Singler has been appointed Manager of the Tax
fluid
Whiting, Ind., refinery, and one is under construction at its Casper,
Wyo., refinery. Together with a unit completed at the Wood River, 111.,
a
our
transfer
company,
offered
the proposed sale would
State Island as
supersedes
and
CAPITALIZATION—Authorized
of
been appointed New York transfer
Trust Co. has
to
textile
N. J.—
City,
Jersey
products which, on test, have received public acceptance.
P.
of
Corp.,
Corp.
for adjustment of asset values in the
$7,200,000 total would not be satisfied by
according
/States.
Products
ignition trans¬
has substantially expanded its products and production by
acquisition of the assets cf an electronic organization and by the
organization of Super Royalty Manufacturing Co. and Super Electronics
demand
—V.
The
$0.94.
formers,
*
Sterling Drug Inc.—Tax Department Manager—
largest
$1.50
stock
Offered—The First Guardian Securities
Stock
Jersey
The
Brewers, Inc.—Transfer Agent—
Sterling
company
562,017
$4,384,521
with
in
all
opinion by
the
1511.
(J. P.)
663,460
$7,512,978
J.
additional
"agent for the capital stock.—V. 168, p. 651.
168,
1,000,000
$4,946,538
Jersey.
3423
the plan calling for writing down the new common stock
Mr. Maltbie ruled, since the write-downs would have
effected before the transaction is approved, and
not after.—
be
51,885,434
477,234
14,100,000
(est.)
♦Including $7,500,000 dividends
operating in foreign countries.
advances
94,040,594
in-
(estim.)
Consol.
27,530,249
*8,257,889
income
Federal
;
46,634,919
2,490,000
1,176,438
common
stock noted in
Avenue
$8,000,000.
Chemical
8,299,787
2,869,414
2,412,431
BUSINESS—Company was organized in /
Company occupies a four story building at 1057
50,000 square feet of manufacturing space, a
Hudson Boulevard
with
10,000
square
feet of space,
New
part of
by
$
16,023,924
.
the
of
re¬
dis.,
taxes
Electric
HISTORY
carrying cost of properties or the $3,650,000 deficiency
depreciation reserves, a total of $7,200,000.
Commission
Carl J.
Operating income
on
The
in the
portion of
The
owned
company
a
offering
N.
City,
public
company is a
not
premises,
the company.
1948—6 Mos,—1947
income 179,386,704 124,981,477 351,208,351 232,220,068
Operating charges
119,214,193
87,432,866 230,599,331 160,975,874
Deprec., depl. & amort.
13,537,592
10,018,362
26,568,426
20,980,579
Int.
main
Through this means, furthermore, it stated,
in effect merely a means of recapitalizing
Subs.)—Earnings—
1948—3 Mos.—1947
operating
Total
Sell Rejected—
as
excess
V.
Standard Oil Co. of California (&
Other
based on three
Chairman, said.
Maltbie,
to
166, p. 764.
Period End. June 30—
V :
sale of the corporation.
Public Utilities Corp.
liminary step to General Public Utilities Corp.
$2,918,699
$568,640
profit for period
Gross
to
rejected
the plan calling for the prospective newly formed
purchaser, Staten Island Electric Corp., to have a capitalization of
58.7%
debt and 41.3%
capital stock, against the present structure
of only preferred and common stock, would make
the capitalization
too heavy with bonds and make it difficult for the company to finance
future expansion, the Commission stated.
Funded debt/it said, would
be kept below 50%
of capitalization.
in
■
General
has
Commission
First, it does not provide for eliminating prior
alleged
1947
$1,232,899
profit
Depreciation, amortization
—V.
for
plan
of
existing in
The
figures presented do not include results of the pre¬
viously announced sale and liquidation of the tomato products busi¬
ness, inasmuch as such liquidation has not been completed.—V. 168,
Net
Corp.—Plan
Edison
P.
rejection, is
R.
to
Corp., New York, are offering 59,700 shares of common
stock (par $2) at $5 per share.
.
NOTE—The
„
Milo
sold
oil
651.
Super
always
not
1947
*1943
$29,432,257 $16,736,325)
income
p.
Common
In addition, the Commission ruled the proposed plan for sale even¬
tually may prove detrimental to the interests of the community de¬
pending on the Staten Island company for service.
The
30—
to common stock
168,
[This
S.
the
646,401
619,224
889.
4
possible.
as
York
New
June
income
Balance
to arrango companies in exact alphabetical
they are always as near alphabetical
Island
Staten
The
Ended
for
Registrar
557,665
Deprec. included above.
Divs.
2,726,000
.....
p.
has
SEC covering
three different
*
*
V
of
certificates
extending
industry
However,
order.
2,105,913
income
Net
:
—
167,
income
common
Gross
food
anniversary of the food business
Brothers & Co.
The Van Camp Co.
fineries, oper. and gen. exp., int. and
capital exting., lease abandon., etc.)
Reserve for deprec. and depletion
,
NOTE-—For
possible
Executive Vice-President.
He
1944 and has a broad back¬
and
50th
the
as
Stokely
further—to 1861.—V.
Months
6,798,943
612,596
amount
in
canning
Preferred divs., paid or declared
J
&
12,688,477
face
the
growth
plants
that
out
Sunray Oil Corp.—Estimated Earnings—
Six
Ulm, Minn.—Regis¬
166, p.. 859.
series.—V.
pointed
*
mark
Earnings per share of
Additional
of
$28,274,400
103,923,580
was
company
the
years.
will
still
Gross
automobile
major
30
formerly
the
in
formed
back
goes
at
J.6 a registration statement was filed with the
On Aug.
64,422,956 146,117,305 135,057,791
than
October
Costs
corporation's
the
with
experience
more
over
ters With SEC—
50,541,069 113,779,937
Krimendahl
Mr.
of
Waltham,
at
1948—6 Mos.—1947
58,074,309
expenses
the
Stokely
Mr.
the past seven years—a
in volume of sales but also in the number of
associated
companies, Mr. Webster said.—V. 167, p. 889.
73,232,690
sold
adm.
of
portion
of
assumed
announcement,
ground
originally
by
addition,
now
States)
United
Mos.—1947
S
*V
*Net
major
A
the
became
(in the United States is now. being secured
State Bond & Mortgage Co., New
the
in
corporation's
the
Standard Brands Inc.—Earnings—
i
said.
jet propulsion
board
not only
shared.
of.a new and unique backup light and a spot light manu¬
factured under new methods for accessory installation on a leading
car
manufacturer's recently announced 1949 line was also disclosed.
2299.
p.
for
of
as
variety and extent of operations—made
it available that the
of supervising and directing the operations of the company be
task
use
Dayton, O.,
C.
promoted to Assistant Treasurer.—V. 167,
heat exchanger for
of
Completion of development work on a new type of expansion tubing
widely applicable to automotive, aviation and industrial purposes was
also announced in the report.
The tubing "has extensive use for the
transfer of liquids and gases under wide variations of heat and pres¬
sure," Mr.
Webster said, and the first production unit will begin
.
E. Rhodes
Webster
Mr.
Production
Treasurer,
Comptroller, R.
reflected
shortly.
was promoted to Comp¬
Scherer, continues as Secretary,
Director and member of the Executive Committee, but takes on some
of the administrative tasks formerly handled by several other company
troller.
type
new
been
exceptional growth of the company in
Mass., he stated.
255.
p.
in
has
who has served
since
1928, has
making
and
business
$1,901,051
611,055
$3.11
$9,608,910
611,055
Chairman,
in jet planes has
the difficult requirements laid down by the Air Forces calling
cooling units capable of servicing speeds of 500 to 600 miles per
radically
for
May 8, '48 May 10, '47 May 11, '46
$4,709,912
taxes.
capital shares
per
168,
t;1
charges and
announced
were
and
In
automotive
on
Aug. lo by
Reginald N.
the annual report to stock¬
for aviation,
elected President and William B.
President of the company and its
the newly created office of
directors, it was announced Aug. 17.
Krimendahl
F.
Jr.,
predecessors
holders.
met
Spence
President
Webster,
651.
p.
fields
worsted
and
woolen
18
Stokely,
Chairman
products developed by this corporation
industrial
it is anticipated
where
Ga.,
produce
to
Stokely-Van Camp, Inc.—New Officers, Etc.—
Develops New Products—
New
and
installed
QUARTERS
BY
compared with $997,000 a year earlier.
Operating revenues
Operating expenses
the
Herbert
31,
May
1948,
Milledgeville,
at
be
-
months ended May 1, 1948, the company and Its
subsidiaries made capital expenditures of about $21,275,000 and com¬
mitments for such purposes at May 1, 1948, aggregated $13,350,000.
.The company maintains three sales offices in New York City, which
effect the major portion of its sales.
Brand sales offices are main¬
tained in 8 large cities throughout the United States.—V. 168, p. 352,
Feb. 29/48 Nov. 30/47 Aug. 31/47
$32,114
$52,462
$140,413
$113,463
working
31,
will
'
During
499,687 shares of stock.
on
Co.—-Earnings—
1948—Month,—1947
Period End. June 30—
■!
,
$8,921,762
338,453
profit after taxes—
Earnings per share
♦Based
Southwestern
1947
Net
machinery
fabrics.
1948
Sales
^
Plant
Ordnance
Naval
that
Standard-Thomson
$180,059
100,808
$272,995
187,559
$18,334
6,561
168, p. 352.
a
operated
.Years Ended May 31—
Net
.
producing
Its
14,000 miles of pipe lines and a fleet of 18 tankers
by Standard and its associated companies to
carry
products, and, in addition, tank cars are moving oil from
southwestern
points to markets0in the midwest.
Products are dis¬
tributed from the refineries of these companies through
some
4,500
bulk supply
plants that furnish products to 31,000 dealer stations
as
well as direct to farmers and quantity consumers.
The stations
are
all independently operated by small business men,
except for a
limited
number
operated
by
the
company
primarily
for training
purposes."—V. 168, p. 651.
,
1
■
$1,717,829
$375,337
Peake
Mr.
reserves,
crude and
1948—6 Mos.—1947
—
rev._
revenues
new
than
"More
Co.—Earnings—
1948—Month—1947 *
Period End. June 30—
Uncollectible oper.
of Indiana and its subsidiaries produced a* gross
that*
84,000,000 barrels of crude oil and discovered more than
of
the^Stevena
of the com¬
President, are sons of the founder.
Under plans of reorganization effectivie as of Aug. 31, ^6»
name of the business
was changed to J. P. Stevens & Co.,
the company acquired through
merger and otherwise the businesses
and assets of nine other companies.
Among the companies and their
subsidiaries acquired were M. T. Stevens and Sons Co., the successor ta
woolen
manufacturing business founded by Nathaniel Stevens in
North Andover, Mass., in 1813, and Slater Manufacturing Co^ ln<
the successor to a cotton manufacturing business founded by Samuel;,
Slater in 1790.
Since Aug. 31, 1946, the company l^s acquired Ragan
Spinning Company, a manufacturer of cotton yarn, about 99,o of tne
outstanding shares of Industrial Cotton Mills Co., Inc., a manufac¬
turer of cotton fabrics; Lola Mills Incorporated, a spinner of combed
cotton yarns, the assets of which were transferred to a subsidiary,
Stanley Mills, Inc.; and Deita Company, a finisher of cotton fabrics.
The company and its subsidiaries own 33 manufacturing plants, of
which 23 "are located in the South, 9 lh New England, &hd
Pennsylvania.
During, the past two years it has constructed ana
equipped a modern air-conditioned woolen mill at Dublin, Ga., now
approximately 90%
completed and has installed a worsted mill at
Rockingham, N. C.
The company has also leased fofr 20 years the •
John P. Stevens, Jr.,
pany, and
in
subsidiaries
drilled 663 oil and gas wells, of which
77 were wildcats in areas
previously unproductive.
The production of the subsidiaries is about
two and a half tmes what it was in
1940, but covers only a little
over
half the enlarged requirements of the organization's refineries,
according to Mr. Peake.
are
Oper.
started
was
organized for the purpose of selling the products of
mills.
Robert T. Stevens, Chairman of the board
woolen
:*■
cracker
The unit was completed early, this July and has been
.
*
•
1
* < ' 1
^
'
1 J'«k'
1947 Standard
amount
/•:.
Southwestern Associated Telephone
/
cat
was
total of five
a
*..
Creek
Sugar
operation since.
In
$2,927,286
1,455,226
$3,124,267
2,623,000
.V.'
v-••••;■,.
;
16,329,190
18,487,119
2,917,836
3,217,260
•
revenues—'
oper.
Oper.
•4
reV—
oper.
the
Monday, August 23, 1948
CHRONICLE
the parent company
\
*
of
Constructlon
FINANCIAL
&
will give
they
1944,
such units.
1948—6Mos.—1947
$3,376,453 $24,109,378 $19,287,406,
6,152
40,476
30,930
1948—Month—1947
Oper. revenues
Unooilectible
refinery in
Co.—Earnings—
Southern New England Telephone
Period End. June 30—
,
COMMERCIAL
THE
(750)
14
was
(
.*
"
•
„
'
.
incorporated in Delaware on Dec. 29, 1923
Net
earnings
Earnings per share
,
under
the,name of J. P. Stevens & Co., Inc., as the successor to a partner¬
ship" organized by the late John P. Stevens in 1899,. This partnership
-
—V.
167,'
P. 1928.
$1,166,736
(862,855
outstanding,
net)
$1.35
'
(Continued
on
page
52)
'
$848,1595
$0.9®
Volume 168
Number 4727
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(751)
Stock Record «» New York Stock
DULY RANGE OF PRICES
'
Range for Previous
6 per share
66% May
50
87%
43%
Dec
Oct
60
Apr
Feb
79% Jan
6
18%
Oct
55
Jan
42
30% May
6
25%
3%
Feb
7% Feb
6%
Feb
31%
Dec
Dec
22% July 19
Feb
101
Jan
2% May
25 % May
3% Apr
14
26
4% May 20
21% May 21
2
4% May 15
55% July 13
Feb
10
66
Jan
76% Nov
70% Jan
7
75
Dec
48%
24% Feb 28
34
May 21
109
96
Apr 23
~90%~Nov
10%
164
104
Deo
May
July 21
60
Apr
Mar
2
;
8% Feb 11
12% Nov
202
Nov
X171
Mar
2.50
Acme Steel Co
Alabama
11% Jun
3
198
14
May *17
Allied Chemical
8c
Allied
Kid
34% May 20
Allied
Mills Co Inc
30
Jan
39% Mar
25
Feb
11
37% May 15
Allied Stores Corp common
90
Deo
105% July
42% Oct
81
Mar 24
34% May
5% May
Jan
36
8%
Feb
98
25
25% Mar
8
Feb
5
Mar 16
Jan
61
Apr
46
Mar 18
50
73
Mar
107
Dec
83% Feb 20
121
7
50%
Dec
60%
0
Dec
18% Mar
9
29% July 13
Jan
68% Feb
9
Feb
x35% Mar 19
110% Nov
~7%
103% Feb
Feb
3% Feb
May
•4
May
20% May
105% July '
54%
Peb
116%
Jan
28%
Feb
166
49% Jun
3
89% July 19
100 % Jan
21
*
18% Mar
110
Feb
Oct
56
Sep
26%
Aug
Feb
43
19
18%
Deo
24
f Feb
16
88
102
Deo
38%
Dec
Dec
104% Jan
24
Mar
88
51
Jan
5
94
Jun
16
10
11
41% May 26
107% Jun
3
25
Feb
26
49% May 21
6%
Feb
16
Dec
2
Deo
6%
Feb
Dec
115%
6
Jan
17% July
20% July
7%
Dec
25%
Deo
101%
42%
6% May
Jan
0%
49
55
32% July
x34%
19
Apr
'
9% May
12
May
13
14%
18% May
30%
Deo
116
18%
July
6
Apr
43% May 17
7% Jar.
5
53
Jan
20% Feb
11
26% May 20
8% May 21
6% Feb 23
88
Oct
Apr
92
16
Feb
14
65% Feb 27
Jun
26% Jun
108
Jun
24
3
Dec
7%
28%
101
Deo
15%
x2S% May
127
Dec
*89%
90 %
*89%
90%
100
28'%
28%
28%
28%
*27%
5%
28'A
400
5%
*27%
*5%
Amalgamated Leather Co
6%
convertible
Amerada
Amer
8%
Agricultural
American Airlines
3%%
cum
4%
conv
39%
Feb
29
Feb
10
16%
Fab
34% July
6% Feb 28
85
Deo
129%
Feb
81
76%
Dec
117%
Feb
11% Jun
72% Feb 21
17
Feb
Oct
Feb
11
12% Feb
6
16% May 21
176
Jan
27
12% Jan
9
'
7
34
22%
38%
3 8'A
13% -
38%
200 #
3 8'A
381/4
*105%
38i/4
381%
37%
38
700
107
381/4
*105%
105'A
108
7%
8
7%
7%
7%
4%
4%
4%
4%
4%
4%
85%
85Va
84'A
84 »A
*105
108
*105
7%
8
8
1
4%
4%
4%
8%
4%
85
85'A
85V4
169
1691/2
25
r
100
No par
41%
100
•92%
Co
37%
*100%
Feb
8% Aug 11
16% Feb 14
Feb
27% July 14
32
Dec/
163% Jun
40
Mar
31
Mar 19
Deo
158
Jan
129
Aug|12
140
25% May
23% Jun
37
Feb
25% Feb 27
22% Mar 12
27
21
34
28% July
29% Jan
Jun
May
May
116
18%
149%
47%
146%
Oct
20
35% May 18
Feb
26
9
Apr 22
24% Jan
34% Feb 13
116% Mar 15
Oct
Jan
35% Jun
15% Aug 13
Dec
11
17% Aug 18
41
5
May 21
131% July 15
20% May 25
Jun
174%
Feb
147% Mar 17
158% Jun
10
62
Apr
82%
Feb
54% Mar 29
68% Jan
5
135
Deo
163% July
41% May
Oct
t
60
Xll6%
7%
26%
132
Deo
Deo
Apr 15
46% Feb
120% Aug
>
8% Dec
116% Mar
7
50%
Oct
110%
Feb
95
103%
Feb
10%
Jan
62
May
69%
Jan.21
76% Mar 16
Apr
58
Feb
104
38%
Dec
30
Jan
27
Aug 11
,46%
111% Mar
Jan
Deo
Jun
68% July
24% Dec
Apr
9%
3%
30
Apr
98% Feb
100
No par
16
:
V
Jan
6%
Feb
39%
Oct
For footnotes see
page
46% Mar
y
4% Mar
28% Feb
2
14
24
7%
$4
STOCK
Amer
Zinc
CLOSED
60'A Jun
.1
14
36% Jun
16
14
Apr 20
6% May 26
34% Jun
3
Anderson,
Clayton
Smelt
Anderson-Prlchard
Andes
A
P
8c
17%
16%
3%
16
17%
16%
3%
3%
*68%
17%
17%
15%
.
16'A
35
6%
*17%
16
35
300
6%
1
600
18
500
16
1,400
69'A
69%
69%
*69
69%
69
69
10%
500
11
11
11
*10%
11
11
11
800
62
61
♦50
61
♦60
61
38%.
61%
39%
*39
39%
39%
39%
5%
5%
5%
*60
49
*47
'
22%
22%
7
49
*80
*13%
17%
*47
22%
22%
*6%
95
13%
♦80
13%
5%
49
3%
*5%
*47
22%
7
95
*80
13%
3'A
49
22%
*6%
3%
*47
22%
7
22%
*80
17
♦16%
17
21%
22
♦21%
21%
O to -p 0^
105
•102%
200
1,100#
1,600
22%
4,400
:
6%
95
13%
*13
17
*16
17
21%
21%
21%
103%
21%
103%
*16%
105
2,100
49
*6%
95
13%
3%
103%
*16%
•
105
5%
6%
;
*6%
21%
Oil
Corp
Inc
Archer-Daniels-Midland
Wednesday
Aug. 18
13%
900
1,600
103%
Thursday
8 per share
t per share
16%
16%
16%
16%
16%
16%
86%
86%
85
85
85
8
*7%
30%
132
*130
8%
32%
.32%
8%
87
*77
31%
9
8
31 'A
132
*7%
33
8%
33
8%
9%
87'"
86 %
87
7%
7%
31%
31%
*127
16%
85%
*7%
300 i
*7%
8'%
*7"%
33%
*32%
8%
9
*86%
*86
79
78
78%
78%
78%
15
15%
15%
15%
170
25
♦41%
58
149 »/a
*33%
*127
28%
*168%
8%
25
170
8%
8%
*167
170
131
19,900
♦167
7,500
800
*25%
26
42%
59
59%
59%
151
152%
150%
33%
*127
151
33%
131
8%
*33%
8%
4,500.;
400
60
33%
131
131
190
34
131
10
20%
29%
29%
29%
29%
29%
29%
29%
*23%
24%
*23%
24'A
6,200
24
24
23%
*16
23%
200
16%
*16%
16%
*37%
39
17
200
*125
39%
130
37%
*127
39
*37%
130
127
18%
18%
*18%
18%
17%
151Vs
152%
152%
152%
152%
62
137 %
62'A
138%
63%
119
7%
55
r
7%
55%
•100%
101 %
•109
112
;*7%
25
60
50
v
7%
60
36%
36%
36%
37%
28
100
21%
63
62%
39
100
37
63%
137%
65%
118%
118%
*118%
119
7%
8
55%
8
55%
99%
99%
110%
110%
7%
7%
61%
55%
99%
*110
*7%
•60
138
19
62%
152%
62%
62%
137
137
65
66
119
119
7%
56
8
♦118%
7%
.
37%
63%
6,200
138
66%
8,800 K*
55%
55%
55%
55%
101%
*99%
101%
200
110%
111.
110%
110%
1,200,
7%
7%
7%
7%
62
7%
*60
61
37
37%
36%
37%
37%
37%
28 '
28
28
101
r
36%
38
37%
37%
8io
28
27%
28%
100
98%
99%
*49
27%
28%
27%
28#
27%
27%
27%
27%
10
10
•9
10%
*9
10'A
10%
10'A
:y*5%
26.
II
I
II
*29'A
5%
30
♦5%
5%
♦5%
5%
29'A
29%
*28%
29%
5%
29
-
.
.#<17*00
V
deLiitm
.
40
37
28
♦49%
f
1,200
62
10%
50
13,200
38
■
*98%
*60
*9 %
5
y
V
30
8
27%
No par
520
2,200
118%
*99%
27%
50
1,800 /.•
99'A
37
50
100
20,500
10
50
•
152%
20
50
;
1,200 #
129
19
/
110%
37%
100%.
19
152%
64
36%
♦98%
*125
137
65%
36%
♦98%
36%
129
152%
,27%
....
*16%
37%
*18%
152%
65%
7%
16%
*126%
19
138'%
*60
28
,
62%
137
*16%
127
64%
64
•118%
1
v
200
24
*37%
B
(:
3,700
"151% 152%
34
*127
8%
*23%
—109
/
'0
170
*41%
60%
*127
500
15%
26
59%
28%
78%
15
42%
25%
42'A
131
78%
15%
*25%
25%
*41%
59%
34
87%
*41%
25%
42%
58%
150
600
9%
87%
170
VK
8%
34
9%
8%
25%
34
:
10
79
*167
*41%
150
*7%
*33
130
8%
58%
34
600
8%
42%
149%
220
400
31%
87%
15%
*168%
8%
*77%
15
4,600
87
7%
"125
34
9%
87%
9
Shares
16%
*30%
127
33%
Sales for
the Week
7%
31
127
132
*85
7%
31
14%
S'%
Friday
Aug. 20
Aug. ID
$ per share
16%
*7%
5
com
Tuesday
Aug. 17
$ per share
87
*7%
No par
Co
Copper Mining
W Products Co
6%
100
10%
13
*130
Anaconda Wire ft Cable
No par
Anchor Hock Glaas Corp com—12.50
(4 preferred
No par
2
6%
17
19
70
95
30%
109
8c
6%
35
16%
common—No par
prior preference
Lead
34%
6%
6%
*89%
86
EXCHANGE
—100
preferred
conv
1,200
19
91
3%
Aug. 10
100
$5 prior conv preferred
Anaconda Copper Mining
38% Jan
5
107
Jun 11
3
18% Feb 11
8 : Mar 17
■
2
100
*16
6 per share
—100
Co Inc—
Woolen
99%
35
201/4
3
Monday
f per thare
No par
.No par
No par
Tobacco..
preferred—.—
American
20
100%
34%
16%
13
Corp common—14
Am Water Works
300
100%
17
21%
American Tel & Tel Co—.
..100
American Tobacco common—1—23
6% preferred————-—100
5 %
10
1,600
17%
101%
*6%
*16%
23
Co
American Viscose
*18%
91
5,000
46
*17
19
25%
110
45
*100%
6%
•80
Saturday
Aug. 14
No par
—
Sumatra
#24%
♦108%
LOW AND HIGH SALE PRICES
American Sugar Refg common
7%
preferred ......
American
..
44%
6,400
*6%
common
Stove
24%
110
;
91
22'/a
45% Jun
11
4
American
150
87
•
39
1
.
Store*..
*85
1,600
;
38%
-50
May 19
41% May 27
"
Nov
**14%
30% Feb
American
97
17%
*17
500
,
*89%
5%
preferred—
Snuff
43
38%
No par
6% non-cum preferred
American Steel Foundries
10
67
Feb 10
51
NOV
101%
Mar
Jun
8% Jun
Aug 12
35
42
9
9
American
112% July 28
17
30% May
36% Deo
Jun
8% Apr 22
56% July 28
36% Mar 17
67/a May
'
120
Feb 11
Jan
6
Mar
71% July
6
60
May
68% Jun
r
144
'
14
7*
*42%,
38%
38%
Am Smelt 8t
Mar 10
44%
42'%
38%
*5%
Amer Ship
May 27
23%
*108%
f
3,400
38%
38%
Seating Co
.No par
Building Co———No par
Refg common—Nopal
preferred
...—100
Apr 12
68
24
2,200
n
*19%
5%
STOCK
American
46
11
8
*89%
38%
Amer Rad 8t St Smn'y com—No par
7*
preferred
—103
American Safety Razor—
—5
11
136%
37%
17%
105
*93%
so" \
891%
38%
89%
5%
•47
100
42%
97
17
*38%
100
42%
441%
17%
1
preferred
231/2
*
108
169% 170
108%
10
com
42
•93%"
44%
63
SS Co..
169%
1081/2
34%
10%
169%
25 3A
201/4
90
37%
102
85
17%
*171%
*19
,
85
44 %
101%
70
preferred———No par
preferred—.—No par
38% Feb
23%
*33%
3
American News Co———..No par
Amer Power ft Light com—.No par
46% Feb
139
110
441/2
*100%
16
Par
Oct
July
23%
*1081%
23 >/a
110
*61
preferred
Deo
172
97
6%
*16%
No par
:
Home Products
42%
42%
*92%
33%
40o
preferred
$5
169%
*33
American International Corp.No par
American Investment Co of 111
1
American Locomotive common
1
$6
108
42
97
.
*89%
1
No par
American Ice common
70%
Deo
41% '
..
20
Export Lines Inc
Jun
142
85
•ltov.
Amer 8c
# 48% May
.
65
*13%
com—I
American Encaustic Tiling
American European Secur
95% May 14
86% May 14
13
164% Apr
.
8
24
1,100
*63
13%
American Metals Co Ltd com.No par
6%
preferred
100
American Molasses Co
1
28% May
1
Deo
26'A
63
Amer Machine 8c Metals
2
1,000
*13%
preferred series A. 100
Leather
26
62
800
54
13%
17% -'17%
•19
20%
Hawaiian
26
*53
63
10% May 27
17
25%
53
*13%
35
6
25"%
53
19,400
*61
Colortype Co
10
Crystal Sugar com
10
4%% prior preferred——100
American Cyanamld Co com
10
cum
53%
8%
13%
44%%. 44%
3.90*
52'A
1,200 '<
49
7%
63
23'/a
1%
52%
108
49
25%
*108%
non-cum
7%
13%
100
6%
7%
63
No par
Distilling
107'A
48%
8%
24%
100
Inc
Co
Chicle Co
conv
48%
7%
48
13 %
American
6%
48%
7%
U
400
24%
11
Feb
16%
24%
No par
American
483/4
7'A
5
46
63
6% Feb
186
48%
Amer Chain 8c Cable Inc.
6% conv preferred
American Hide 8c
103
5
*44
-
No par
com
preferred
American Car 8c Fdry com
7 %
preferred
American
108
51/3
*61
Amer Mach 8t Fdy Co com
7
9% Aug
15% May
Co
preferred
48
Xl3%
7%
American
*44
5,800 :
1
50
21% May 24
94% Jun 10
Feb
Dec
10
common
-
Broadcasting
American
5
48
108
52
5
14%
11% May
47
7%
preferred
conv
5%
*44
,108
"
47
51%
EXCHANGE
135% July
8% Jan
107%
7%
Cable 8c Radio Corp
American Can common
3%%
5'/a
48
109
*44
106%
51%
Corp class A
Brake Shoe
48
106%
I
preferred
Amer
*82
preferred—.100
American Bank Note
6%
•45
No par
Chemlc&l-No par
common
conv
American Bosch
♦5
79 % Feb
Deo
170
preferred
Corp
Petroleum
1
50
com
15% Aug 11
Mar 23
3,700
27%
Sep
125
33 'A
28'%
NEW YORK
9
33 '
•27%
9
July
700:
No par
Alpha Portland Cement
Highest
9
29%
84%
Jan
24% Mar
•
,
29%
29%
33%
34%
$ per share
Feb
33%
700
300
90%
preferred
conv
Sper share
32% July
147
July
33%
600
.
W
20%
90%
Range since Jan. 1
Lowest
*29
186
*19%
*90%
cum
STOCKS
I per share
29%
10%
185
20
90%
13
19
18% Mar 17
Jan
Jan
291/a
185
19%
97
90%
5
15% Jun
,,10% Feb 11
13% Jan. 5
Nov
Jan
19%
*10
100
3%%
$6
20
10%
*184
♦19%
29 %
1,300
105%
*93
34
12
25
185
19%
29
*104
97
*9%
1,100
29%
29%
1051%
*93
5,600
75
♦83
24
Jun
29%
*104
10'/a
3%
51%
51%
*72%
84%
77% Jan
5% Aug 20
28%
97
3%
i 1,800
■■■'; 600
341/2
14% Jun
46
3%
51
75
,
34
I
37% Jan
Oct
28%
331/4
76%
51
105'A
*10
33
*73
*72%
"*19
32%
3%
16%
76%
3%
51%
*93
185
108%
3%
*16%
*73
75
10 %
185
*105
3%
16%
*82
4
Jun
76%
3%
28%
105
3%
16%
841/2
3
55
*103%
3%
17
34%
Mar
6
106%
34%
*89 'A
6% Mar
Jan
65% Mar
Highest
Jun
80
32%
Porelgn Power com__No par
$7 preferred
No par
$7 2nd preferred A
No par
Year 1947
Lowest
32%
No par
19%
3,800
*82
Range for Previous
I per share
29
Apr 15
4% May 15
89% Jan
9
2
10% Jan
106% Mar
May
7% May 20
18
15% July 19
Feb
July
2
14% Mar 16
Feb
74%
Jan
28%
2,500
22%
97
184
•10%
American
64% Feb
Jun
185
6
No par
American
3
33% Feb
Jan
•183
Co
14%
22%
84%
22% Jun
13
10
14%
34%
May 18
20% Jun 15
46
1% May
102
■
108% July 12
4
Feb
May 21
48% July
Oct
13
60
27
28
Feb
16% May
118%
25% May
6
5
*93
10
14%
22%
51%
*104
300
14%
22%
*72%
28%
105 %
2,500
;;:
34%
Amer
37% Mar 16
47%
~
Aug 12
97
10
Amer
24
27%
*104
39 :
14%
3%
51%
20%
45%
22-%
*73
75
51
20%
84 %
3
92% May 14
177
Jun 14
27%
'
3%
3%
51%
*72 %
105'%
38%
50%
*43
34%
9% July 28
6
Bep
Jun
51
27%
39%
16%
76%
75
•104
*39%
*105
3%
17
3%
♦93
preferred
6% Jun
11
76% Feb
196%
36
17
111
26
Mar
*69
Dec
86
May 19
14% May 14
43% May 15
9% Mar 17
51
45%
14
106%
*73
3%
20°/o
40
51
1,500
1,600
34
70
Feb
76
20
*43
4%
•80
Mar 22
7% Aug 16
101%
9
Mar 22
68
Jan
50
May
ICS
% Jun
10
17%
Deo
76%
52
13
Aug 13
51
77%
May
"~3%
Mar 11
7% Jan
Mar
•73
52
45%
•51
800
90 V.
20%
22'A
3%
68%
4%
51%
14
17
68%
*80
4%
20%
22%
*105
3%
90
4%
Shares
100
2
May 21
31
May
107%
42
Apr
80
10% May
66% Dec
36
Dec
11%
Deo
Jan
108
69
*80
for
the Week
t per share
Allls-Chalmers Mfg common__No par
3
31% July 15
6% May 17
46
34% May
Jun
22%
No par
30
8
86
*13%
17%
gtd.109-
Dye
21% Jan
Mar
4%
39%
*39
1
18% Mar 13
3
*43
13%
3%
No par
6%
45%
22%
♦16%
v
8c West Ry
Industries Inc
20%
13%
Allegheny Ludlum Steel Corp_No par
Allegheny
53%
20%
*68 %
4%
Sales
Aug. 21)
69
4%
Friday
Aug. 19
t per share
90
♦80
53%
22%
•72'%
68%
:\V.
4%
39%
Thursday
$ per share
♦42%
39'/a
5 % %
preferred A
100
$2.50 prior conv preferred-No par
Allen
90
♦38'%
3%
28
Jun
53%
♦105
Wednesday
Aug. 18
69%
4%
45%
10
$4.50 preferred
68%
*80
20
1
Oct
66% Oct
53%
20
100
Feb
91
v,
4%
5
36%
42% May 27
1
95
♦42%
100
Aldens Ino common
4%% preferredAllegheny Corp common
22%
33% Aug 11
69%
♦85
4%
SALE PRICES
tper share
•68%
CLOSED
No par
St
18
May
29% May
30 % May
51
Jun
STOCK
EXCHANGE
10
Vicksburg Ry
Alaska Juneau Gold Mining
May 24
104
—No par
Co
HIGH
Tuesday
Aug. 17
I per share
Adams Express—..
Adams-Mlllis Corp
May 13
27%
37
Motors
Air Reduction Ino
May 18
80% Jun
2% Mar 15
Feb
No par
com
Abraham ft Straus
ACF-Brill
8 per share
——,—..1
No par
Addressograph-Multigraph Corp__10
Admiral Corp
1
108
75% Mar 19
Feb
44
Mar 11
14% Feb
.
102% Aug
5% Feb
l
Par
Abbott Laboratories
Monday
Aug. 10
Aug. 14
27% May 15
10
Feb
Saturday
41% July 27
15% Jun 15
13
112
Dec
16%
75
28% Feb
38%
Deo
Oct
10%
Nov
55% Jun
23% May 15
46% Jan 27
6
40%
May
100
Apr
2
May 14
6% Jan
9
45% Feb 11
14% Feb 11
38
LOW AND
STOCK
EXCHANGE
100
4% Aug 13
Feb
13 % May
May
NEW YORK
$ per share
64%'Mar 17
80
July*
10%
-
$ per share
Jan
110
Jun
6%
Range since Jan. 1
Highest
Lowest
Highest
I per share
FOR EVERY LISTED ISSUE
STOCKS
Year 1947
Exchange
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
Lowest
15
50
*49%
5%
29
50
5%
'
5%
28%
'29%
10,000
£
-
•130
f
•
*»l200
#4,600 ;#
200
-
200
>
(
j,300^;
1.6
COMMERCIAL
THE
(752)
YORK
NEW
Year
Feb
25% Feb
11
Feb
90
Feb
17
May
9% May
103
10iyaJun
15 Va
15%
Oct
11% Mar 16
130 ya
Dec
Jan
91% Feb
16
106 f Jan
9
Jan
41% Feb
10
56% Jun
11
Jan
29
38 %
Jun
55
91%
Dec
110
Feb
14
Sep
19
Jan
17%
10% May
88
17% Aug
12 % Mar 16
19
16
111
Mar 12
106
Dec
20%
Feb
Dec
132%
Feb
100
99
Dec
134
Feb
94
25
Dec
34
Sep
26
Jan
5
35
66
Dec
45
Feb
34%
Jan
25% Jan
Feb 24
Jan
22
30
Feb
21
113%
Sep
102
Feb
9
114
Dec
105
Aug
91
Feb
9
99
26% July
20
Feb
11
31 y.
40
Apr
21% May
Apr
73
July
50
Dec
67
111%
121
July
103
Jun
8
25% May 21
64% Apr 16
2
Aug
May 22
Jan
20
27%
Jan
20% Feb 25
5% May
12%
Feb
5% Mar 12
9% May 21
,
-36%
Deo
13
Deo
35% Jan
13% Feb
11
900
95
270
112%
15%
17
17%
16
16
94%
111%
*15%
17%
16 %
94%
111%
16
*15%
17
16%
95
112
95
*16
*94%
112
17%
16%
17 V
100
100
100
100
101
101
101
*99%
101
101
101
*99%
101%
*28%
/■A-
109
109%
28%
; 110%
101
101V*
101%
101%
*52
rNo par
17
53,%
30
800
29 %
29 Ve
29 %
29%
29%
111%
112%
112%
114
101%
102
101%
101%
*101%
102
17%
17%
17%.
17%
54
54%
55
37%
37%
17%
-52%
54
38
38%
39
*38%
39
73
38
*67%
250
101 %
111%
*17
17%
900
1,000
102
*99 %
111
28%
17
*16%
10
29 Va
112%'
29
100
,
16 %
*100
100%
*99%
350
7%
1
16%
16 Va
16%
100
100
16
*15%
17
17
9,COO
111%
111%
16
*67%
73
*68
73
54
54
*53
33%
38%
5,100
f
900
'
600
,
1,500
800
73
*68
73
*68'
■
_
41%
42 Va
41%
109 %
103 V*
109%
94%
95
94%
95%
21%
21%
21%
21%
21%
21%
21%
21%
21%
22
51%
51%
52%
8,400
42%
*109 Va
52%
Atlas Powder common
4%
Austin
Conv
43%
109
106
prior pfd ($1.20)
*19%
22%
200
6%
*6%
6%
*6%
6%
6%
6%
200
*14%
14%
*14%
14%
14%
*14%
14%
*14 Va
*14%
14%
*11
11%
11%
11%
10%
11
10%
10%
14
*13%
13%
13%
13%
13%
13%
13%
13%
1,000
6%
6%
15,100
43%
42%
42%
200
6%
6%
6%
*42%
43 %
43%
Avco
Baldwin
Locomotive
22 %
11
11
Mfg Corp (The) common—3
$2.25 conv preferred
rNo pair
of
22
22%
*13%
3
100
104
*101
*6%
5a
(B
52
103
*19
6%
*22
22%
*22
Amer—3
Babbitt
52
103
260
480
*6%
Co_
3
51%
104
22
*103%
230
1,800
TNo par
common
2
51%
51%
>104
106
41%
109
109%
_No par
CorpJ—„
Nichols
*104
100
fJo par
42%
42
50%
No par
preferred
conv
Atlas Tack
16% JUn
27
53
95
42%
Jun
46
22
May
16
13%
Feb
52%
94%
Automatic Canteen Co
49
52%
109%
Autocar
7% May 17
*52 V*
52%
52%
250
94%
19% Jan
18
102%
95
16% May 21
Jan 10
19
26
*100%
94 V*
10
4% Feb
102%
101
94%
26
131/4 Aug
*100%
101
109%
Jan
Feb
12%
41%
10 Ya Aug
Jan
12%
*94%
13
7%
12%
109%
Feb
27%
12%
15%
16%
*16%
100
common
Jan
Dec
12%
25
Refining
18%
4% May
15%
,
99
12%
28
4% conv preferred series A__109
Preferred. $3.75 series B___—100
Atlas Corp
,—~
5
29%
8
97%
112%
112
*15%
Lines commen—1
preferred-.
100
non-cum
29
98%
51%
95
112
6,300
29%
29 Va
*98%
94%
95
par
5
share
28%
98 %
12%
51
share
Shares
28%
101%
51%
par
com—10(l#
RR
Dec
17%
'
Line
Dec
-13
•
*
Fe
—
Coast
Atlantic
9
24% Jan
114
Aug 19
-22V* Mar
51
12%
*100
102
$ per
98 %
28%
98%
14
preferred:
Inc
5%
par
27%
97%
100
»
Santa
non-cum
Atl G & W I SS
5
50% July 12
Dec
Nov
•91
Topeka &
F
T
re1
!%
12 V*
"100
common—1
100
Investment Co
Associates
Atlantic
July 14
47% Maf. 1
103
2d
Atch
Corp
Dry Goods
preferred
preferred
1st
7%
A
com
9b 72
$ per
$ per share
$ per share
27%
par
Carpet Co Inc_.r—Wo par
6%
5 %
24
78% Mar
Constable
Associated
Jun'. 3
19% Jun
6
68
Mar
77
11
Co
cum
Artloom
9
Jun
107 Va
3
11
Feb
69
Jun
62
Mar
14 V* Feb
$4
Cork
No
No
No
No
27%
*971
L7%
CLOSED
5
com
preferred
preferred conv
$3.75
Arnold
117% July 15
11
Feb
96
112.
Feb
18% Feb
40'/a May
23 %
84
Jan
99
May
10 % May
Feb
Illinois
of
$ per share
tper share
STOCK
EXCHANGE
10
10#
com
preferred
Co
&
Armstrong
May 27
May 10
July 9
13%
Corp
conv
$6 conv prior preferred
99% Jun 14
12% Mar 12
Feb
May 19
115% July 12
18% Jun
2
2
5
104% Mar
14
Feb
99
X98
4%%
Armour
25
the Week
Aug. 20
Aug. 19
tor
Sales
Friday
Thursday
Wednesday
Aug. 18
Tuesday
Aug. 17
Aug. 1(5
PRICES
HIGH SALE
LOW AND
Par
Steel
Armco
32% May 21
37%
109%
99
Monday
Monday, August 23, 1948
RECORD
Aug. 14
$ per share
$ per share
$ per share
$ per share
STOCK
Saturday
EXCHANGE
Highest
Lowest
Highest
STOCK
NEW YORK
Range since Jan. 1
1941
245/a May
CHRONICLE
STOCKS
Range for Previous
Lowest
FINANCIAL
7
6%
7
6?a
*42%
43%
43%
15 Va
*42%
7
1,800
B
•
17% Jun
Deo
24%
Feb
121/4 Feb
7% May
16%
Feb
10
11% May
25%
Feb
15% Feb
11
29% JUly 14
9% May
icy*
Feb
13% Feb
10
11
31% Jun 22
1
18
69
Dec
55%
20 */a
Apr'
,
167/a July 13
59
May 14
28% Jun
9
14
Jun
is
Baltimore
•
4%
15
4% %
Dec
54 V*
Jan
37
Mar 24
45
20%
Apr
39%
Dec
31
Feb
44% May
7
16% Mar 31
Barnsdall
23% Jan
Bayuk
Dec
19%
Feb
9% Feb
18
Jun
24%
Nov
18% May
35%
Dec
62
Jan
31
83%
Dec
Jan
83% Aug 18
17%
Dec
20% Aug
96 ya
Dec
108%' Feb
8%
110%
Dec
40
Jun
4
July
Feb
5
12% May
18%
Oct
14 Ve Feb
16
10% May
16% May
18%
Jan
15 V* Aug
' 3
24 ya
Jan
18
93
-28
May
17%
~24%~Dec
19%
.
15
11
38% Jun
Feb
.
21% Jan
26% July
Aug 11
20
13%
400
*23
24
23 Va
23 Va
400
*23%
24%
*23%
24 Va
23
23%
*42
44%.
*42
44%
*42
38
38 V*
38 %
11%
12 Va
12
44%
44%
44'/a
39%
39%
39%
12%
12 Va
11%
12%
,
19
19
19%
36%
36 Va
*83%
84 %
*83%
*19%
19%
*19%
92.
*89%
92
11 Va
11%
*32%
33%
*34
35%
*17%
18
*15%
*18%
*98
100
500
84
140
20
*36 Vo
36%
84
83
Va
*19%
84
20
*20
20
91
91
*91
93
19%
19%
*33'%
*89%
92
11%
11%
12
33%
33%
*32%
33%
34%
34%
34%
34 Va
17%
17%
17 Ve
16
15%
15%
18%
15%
13%
17%
15%
*18%
18%
*13%
13%
18%
*98%
100 %
*98%
100'/a
*98%
32'/a
31%
11%
100%
*98
100%
31%
32
32%
32
10
79
80
78%
12%
11%
11 %
*32%
33 %
*32%
33 %
10
34%
34%
35%
35%
900
*17 Va
17%
17%
27 Va
400
*15%
•
78%
14%
14
24
32 Va
32
15 'a
300
19
15%
15%
800
100%
2,200
32'/a
*78%
14%
14%
14%
2.700
24
Va
24
14
23%
2u0
900
*11%
80
24
24
2,200
600
82
*78%
83
*94%
96
500
pfd $4divser of 1948 No par
Co
1-.
1
Cum
97 Va
97 Va
94'%
95
94
95
96
9G
*25%
26 Va
26
26
26 Va
26 Va
26 Va
26 Va
26%
26%
800
.1
33 Va
■33%
33%
33%
33%
33%
33 %
33%
34%
2,200
(Del)" corn-No par
34%
35 Va
35%
35 Va
35%
35%
36 Va
36
36'/a
14,500
132%
132%
132 V*
*132%
152%
31%
31%
31 %
30% May 24
3?% May 27
Best
27
38
Bethlehem
•
300
36%
*19%
36%
18%
31%
3
19%
36'/a
20
36 Va
83 Va
84%
19%
*89%
*19%
*19%
36%
80
14
3,600
*
19 Va
36%
14
14
4,800
12%
12
50
39%
39
11%
90
44 Va
*43
38%
24 Va
139% July 14
37% May 15
25%
25
39
13%
17
14% Jan
47^4
*47%
23 %
14
16
*47'%
47%
13%
Feb
9% Jun
47%
47%
23%
25
Jan
*46%
*46 %
13%
23% Feb
18%
Deo
300
79
Corp——*
Co common-——10
Aviation
Oct
Jun
27%
*77
23%
87% Mario
h.
27%
79
33 %o
102% July.23
■
5,300
27%
*78
Beneficial Indus Boan com.,
10
Cum pfd $3.25 ser of 1946_.No par
18
Mar 16
26 Va
*27%
79%
47%
Bendix
Jun
30% Aug 13
25'%
27
78%
Bendix Home Appliances
Aug 18
125
25 V*
27
78%
47%
26%
*77
2
Jan
Jan
35%
26%
78%
9
Best
150
25%
247/a
26%
9
32%
Deo
25
24 Va
*25%
*77
10
1
1
Co
preferred
35%
Apr
9,100
Howell
4%%
78
Feb
14%
1
50
pfd
Belding-Hcminway
103% Jun
-
3,800
14%
100
2.50
100
RR
Packing
Beech-Nut
Aircraft
30% Feb
133%
Creek
Beech
&
23 y« Jan
103 ya
Dec
Beech
Bell
13
15%
14 Va
25
common.
S) 4%%
Aircraft Corp
Bell
26
Jan
15 Va
14%
1
No par
Corp
Co
(A
2
94
77%
Shoe
19%. Mar 22
Feb
15
15%
14%
3
ciim conv pfd
Mills, Inc
24% Jan
28%
:
3% %
Aug 11
25% Nov
39%
Sep
21'/a May
Beck
FOods
93 % Mar 16
106% Aug
Dec
15
15 Va
14%
•
50
Cigars Inc
Beaunit
34% Apr
8
37% July 23
20% May ?1
15
15%
14%
10
Co
Works
Iron
8
.
11
32 V* Feb
30
39 V* Mar
Bath
9
15% Apr 16
2
Oil
Beatrice
100
15
15
14%
*
22% May
Jan
1
8% Jan
2
15%
15%
14 V*
109
preferred
.
43% May 15
90
Jan
8
16% Mar 10
Feb
29
30%
24
Feb-13
86
Jan
12
5% May
-
-
*15Va
15%
15%
15%
14'/a
50
preferred—-
Barber Oil Corp (Delaware)
Barker Brothers Common—;
45%
11
15
15%
%
r
Works
common
& Aroostook commpn—59
5%
preferred
103
Conv.
600
15
13
100
Inc
Ohio
non-cum
Bangor
80% May 12
x42 V* Mar 15
Jan
28% July
May
Feb
60
' Feb
Jan
60
.42%
Mar 16
T)
&
Foods
—
Bteel
preferred-
7%
,.—109
-—4.'
\
*132%
33%
35%
137
si
f
31%
*30%
Blgelow-Sanford Carpet-.-—No par
Birmingham. Electric Co
4^0 par
132 r
i
*30 Va
10%
*10
ft
10%
10%
10%
*31
-
*9%
10%
132'/2
31%
500
132%
31%
10
100
10
*31
10%
400
'
Lowest
Highest
t per
$ per
share
36
t per share
NEW
Range since Jan. 1
Year 1947
Lowest
Jan
28
Feb
xl3
Highest
$ per
May
12% May
x20%
share
share
18% May
35%
Black Sc Decker
14
lb%
11
36% July 15
19% May'18
Blaw-Knox
22% Mar 16
34% May 27
Bliss
Aug 19
15
Nov
Feb
14% Aug 20
17% May 15
44%. July 8
Bliss
Deo
May
28 ya May
11
32% Mar 15
41% July
24 %• Oct
Nov
59
Feb
26% Aug 20
29% Apr 16
37% May 18
89
Dec
116
Jan
75% Aug
13
96
* 1 Jan
12
45%
Dec
67
Jan
37% Aug- 16
51
Jan
.29%
21% Feb^ 10
(E
New
class
Feb
38
Feb
24
27% May 15
44% Jun
9
Oct
42% Feb
11
66% July 13
Borg-Warner
102
Sep
88
Jan:
6%
Feb
Feb
May 24
5% May 15
3% Mar 16
39%
3% May
33 V* Mar 18
32
May
7
Dec
13%
Feb
81
Dec
96
Jan
7% Jan
50
Apr
42
Dec
18%
Feb
9% July 20
May
40%
Feb
x27% Mar 17
31%
Feb
25% Mar 16
9%
30
30%
Nov
90
Dec
15%
Dec
63
25
11% May 15
36% Jun
9
34% May 18
37% Jun
2
28% Mar 10
Jan
109%' Apr
Jun
10% May 18
71
Feb 10
8
28
23 Va May
3%%
96
2
33
33
33
33
16 %
16%
16%
16%
16%
1,300
28%
14%
14%
600
*15
15%
15%
15%
*15
16
*15%
16%
*15%
16%
No par
*44
46
46
*44
46
*44
46
*44
46
3
25%
Jun
36r%
Dec
106%
Apr
20 %
Deo
27%
Feb
cum
&
Bower
Roller
20%
13 % Mav
27%
27%
76%
76%
76%
76%
76%
76%
76 %
130
38%
38
39
39
39
38 %
39
620
22%
22%
22 %
2,400
15% Feb
11
Deo
122% Jan
6
24% May. 1,
124% July
2
Feb
20
11% May 15
9
May
14%
Feb
8
Dec
86%
Feb
65
25% May
Mar 30
37%
Nov
X32% Feb
102%
Apr
78% Aug
Feb
15% Mar
8
26
May
38%
Feb
29% Feb
7 14
May
22%
80
Dec
104%
80
May
84
100
Jun
81
41%
40%
41%
41
41%
2,900
59%
59%
59
59%
59
60
3,500
*92
*92
94
Co
C%
*49%
54 Va
31
31%.
30%
31
31%
31%
1,100
30%
30%
30%
30%
31
31
31
1,500
29%
30
29%
30
30
30%
30
30%
*30
30%
1,300
98
*96%
93
*96 %
98
13%
19
19.'
19 V4
1,800
11%
11
11 Va
2,800
33%
33%
900
9%
9%
*96%
98
19%
18%
19
11%
33
33
*32%
11%
33%
11%
33%
xll
15
11%
33%
$3.60 preferred —
No par
Brunswick-Balke-Collender —No par
*95
86%
*95
967/a
9G%
*95
90%
*19%
20%
*20 V*
20%
20%
*20%
21
Budd
$5
3
common-
preferred
(The)
18%
100
Bucyrus-Erie Co
7%
common
*122%
9%
No par
1
pfd—1G0
*68%
uNo par
16%
3
37%
16%
37%
21%
21%
Buffalo
Forge Co
:
Nlag El Corp 3.60%
Burlington Mills Corp common—1
4% preferred
100
3%% conv 2nd preferred——100
Co
—
Watch
Co
Inc—
,
33%
*79%
19%
*122%
10%
70
35
35
81%
80%
80%
300
16%
*16%
17 V*
700
39
*38 V*
39
500
37%
38 %
38%
21%
21%
*88%
91%
21%
21%
16%
*38
31%
*75
.85
85
*75
17
17
17% Jun,
3
3%% preferred —
—
100
Burroughs Adding Machine—No par
1
Bush
Jun
88
Jan
10% July
98% Aug.
9
*96
97
96
96
11
Dec
24%
Feb
15% Jun
2
Bush Term Bldg 7% preferred—100
Butler
Bros: common—
15
*11%
11%
11%
12
12%
12%
Dec
108%
Jan
Jan
9
*78
80
79
79
80
80
3
Dec
6
4%% preferred
Butte Copper & Zinc—
13% May
94% May
104
19
22%
Feb
2% Mar 17
4% May 18
16
98% Jan
15
27%
Oct
23% Feb
11
35% Jun
16
34%
May
Oct
Jan
Deo
27% Mar 17
40% Jun
15
Mar 17
27% July 14
105
JUly
9
100
Byers
7%
Co
( A M)
l
5
common—-_No par
participating preferred—100
Byrsn Jackson Co„—_—.JHopax
85
*75
88
—
*75
*75
13
89
300
85
85
13
Mar 12
120
88
*88%
Apr
78
91
88
89
7% Mar 16
9% Mar 16
21%
91
90
89
12% Feb
-*•
2 VA
91%
90
90
77
Mar 16
21 %
88%
90
Oct
79
3%
*22%
*103
*8%
8%
3%
3%
3%
23%
167/a
*8%
17
5,900
8 %
700
30
96
96
12%
12%
12%
12%
2,300
79%
*78 Va
7994
90
*3 Va
23%
*22%
105
*103%
*31
31%
36
36%
36%
36%
*53
53%
53
53
104%
8%
*73 %
*103%
30%
104%
16%
11,700
97%
*96
3%
3%
3%
16%
8%
97
*96
23% -23%
22%
17%
16%
17%
8%
104%
500
35%
*80
37%
8%
70
*35
16%
*88
8%
6,000
70%
81
88
16%
10
10
70%
34%
l67/a
Dec
1
2,100
*80
Jan
—
19 %
124
*33%
17%
16%
Terminal
97/a
.
200
21
80
10
6
*122%
10
71
167/a
91 %
19Vi
19%
*69
88
*90
96%
*20 Va
124
70
79
:
9%
33%
10
35
*79%
81
19%
122%
9%
9%
35
34%
19%
70
*68%
33%
122%
124
9%
9%
70
20%
19%
19%
*122%
common—No par
Co
preferred
Bulova
18%
124
*95
72
:
9%
19%
Inc
1,300
9%
31%
30%
98
Co
9%
9%
31 %
9%
11%
Bui lard
Jan
54%
30
19%
—
500
1.800
8%
9%
9%
100
40
8%
*49 %
-
31
May
12% May
39%.
4%
30
98 %
Buff
3
40 V*
8%
11%
21
,3
*37%
8%
54%
*49%
,
4%
4%
*96%
15
Jun
*.
54 %
*49%
8%
*4%
*18%
Jun
Jun" 18
•
8 Va
94
39%
39%
39
8
*92
4%
*4%
4%
39
39
94
1
90% Jun
97
*4%
4%
*92
31
9%
;
94
2.50
100
July 12
100
26
*4%
*92
95
—No par
Gas.
24% Jun.
14
Mar 31
79% Feb
22%
41
59
21% May 15
1
43% Jun
16% Mar 16
Feb
Feb
Mar
22%
41
58 %
6
>
95%
.
22%
40%
58%
(assented)_100
Bristol-Myers Co common3%%
preferred
.—
40
11
23%
80
22%
41%
58
54%
75
"13
Dec
14% May
>
22%
41
100
I
*22
5
*49%
Shoe
Nov
27%
27%
15
common
Airways Inc
2.50
Corp of America
15
Bridgeport Brass Co.—..
No par
Briggs Manufacturing
i._No par
Briggs & Stratton———No par
Brown
69
125
27%
22 %
Brewing
Feb
Jan
900
27 Va
27%
76%
Bigelow
120
26%
100
3,900
24%
37%
8%
&
Aug) 11
23%
23%
27%
.7%
Brown
May 27
23%
39
*38%
12% July 26
33% Aug
5
99
23 %
22%
76%
3
July 30
x22 V*
23%
37%
Bearing
Union
13
23%
76 Va
Braniff
Brooklyn
14
*44
23 %
*26%
Maine RR
Boston
21% May 22
26
22%
5
preferred—
101% Apt 27
17% Feb
700
14
1
5
90% Feb
..
34
No par
-.
27
Jan
95
„
'_No par
Brass-:
Corp
15% Mar 16
93% Feb
Feb
200
33%
16 %
28%
16%
*32%
33%
*32%
A
(The)
11
28%
Shares
16%
Bond Stores Inc
Jan
Co
for
the Week
28%
5
CO-
'
55
Borden
Sales
Friday
Aug. 20
t per share
share
16%
STOCK
EXCHANGE
CLOSED
*33
I per
-J
Co
B
35%
Dec
t per share
14
Aluminum ■&
Ami
Class
49%
'88%
I per share
Thursday
Aug. 19
Aug. 18
28
inc
Brothers
37% May
4
PRICES
Wednesday
16%
28
1
Laughlin
25
May
38% May
20% Mar
$ per share
SALE
common
&
Bohn
t per share
HIGH
Tuesday
Aug. 17
*27%
No par
—No par
Co_
Boeing Airplane
Bon
Aug, 16
2.50
Mfg Co
Co
W)
Bloomingdale
19
14% May
Par
Monday
Aug. 14
,
»
Feb: 11
Feb
Saturday
STOCK
YORK
EXCHANGE
14
25
"
LOW AND
STOCKS
Range for Previous
3%
23%
105
30 %
30%
35%
30%
36%
31
31
California Packing common—No par
36
36
•
50
53
53 V*
1
2
2
2
2 Va
2Va
2'/a
2
2
6%
6%
6%
6%
6%
6 %
6%
6%
*26%
26%
27
27%
26%
11%
11%
11%
3'a
1
3 V*
*23
700
24
*104
105
30%
300
10
30 %
700
C
24%
i
Deo
1%
-
Apr
51%
Deo
x55
Jan
3%
8%
52
Feb
5
54
May 28
1% Mar 12
Feb
Jan'
3
May 47
6% May
21% May
34%
Oct
24% Feb
12% May
17%
Feb
10% Aug 11
110
38
18
Deo
132
Dae
33%
11
•O
Nov
Apr
May
Feb
106
48% Feb
Deo
25%
8% May 21
11
31% May
7
15% May 21
119
July 19
38% Feb
11
44
Jun
2
May 14
preferred j.
Zinc-Lead
-
Calumet & HeclaCons Copper
5
Campbell W & C Fdy
—No par
Dry Ginger Ale com_«i—1.66%
Can
$4.25
Canada
conv
preferred
Ry Co
Southern
»
Feb
14% Mar 16
15%
9% May
*
6% Aug 11
5%
Callahan
Feb
10
Mar
4
19% May 14
Canadian
47%
Dec
38
Mar
1
47% May 19
Cannon
14%
Feb
11
Feb
18
Capital Admin class A
57%
Feb
.
48% Apr
For footnotes see
page 26.
13
21
xi9% May 26
•'
55
May 15
Feb
6
Canadian Breweries Ltd
$3
Pacific
—No par
100
-No par
ky
23
No par
A
27
v
109
42
%'"
•
common
,.
1
10
♦17'/a
14%
42
*15%
53%
18
v
*17%
33»/4
1,900
53%
50
*2
2 Va
2,800
6%
6 Va
1,600
26%
26 %
26%
11%
11%
11%
105)%
109
109%
42
*41
41%
18%
*17%
18%
15%
15%'
Xl4%
15 Va
15'%
15%
21,000
41VV"
41
*41%
42%
41%
41%
500
*16
16%
15%
16
400
54
54
55
150
52
.
190
'
15
42
16
*15%
1
15%
41%
16%'
54
-
*15%,
*53'%
%
16%
54
>
>53 Va
/
t:
800
2,900 ,H
*41
-f
*17%
15
53 Va
35%
*53
*17%
*41
18
"
42
54
*109
53%
18%
42
*41
109
109
110
*109
110
*41
27%
11%
11%
11%
.
Mills
preferred
11
*53
.
Volume
168
Number 4727
THE
COMMERCIAL
Range for Previous
Year
$ per share
5%
Range since Jan. 1
Lowest
Highest
'
$ per
15%
Dec
102
STOCKS
1947
Lowest
128
Nov
$ per share•
share
Jan
100 % Feb
2
Dec
39 Va
Jan
27% Jan
38
Dec
50%
Feb
32 V» Mar
12 Vb May
21 %
Oct
14
35% May
45
Oct
35 V, Mar 30
6 Va Mar
35% Mar
132
Dec
49
Va May
7%
47
158'/a
;
1
9
Jan
130
Feb
5
53
Feb
26
28%
Dec
22
Feb
13
68 Va May 15
39 Va Jun
9
Dec
108 %
Jan
97
Feb
10
105
Dec
130
156
Apr
123
Feb
11
28
32%
Feb
19%
21%
Feb
18 V2 May
-xl7%
Dec
22 '/a
Feb
75/a May
14 Va
Jan
16% Jun
28
7%
Dec
■100 Va
Dec
77 Va
Dec
4% May
-
<
11%
-
.
lo %
116
UUU
$4;75
7%
5%
5
preferred—.
preferred—.;
Corp
111
Light
Central
NY
Pr
2
108
Apr
79
Feb
4
7 Va Jan
6
Oct'
Feb
6
83
Jan
163A
Jun
May 27
39% Jun 17
tCentral
4Va%
9V4
Dec
14%
Nov
10% Jun
23
15
May 21
8Va Mar 19
35'A Mar
11
Jun
29
28Va Apr
1
22% Feb
Jan
19
Central Violeta 'Sugar C"
Century Ribbon Mills!....
de
Cent,
Pasco
54%
55
34%
34 Va
34%
104
104
104%
104 %
*103%
104
*103%
129
129
129%
129%
12934
130
127 ;
29%
29 Va
28%
29
19
19
16%
16%
29
12%
Jan
7% Feb
11
Dec
9% Feb
11
May
8%
Feb
6
Jan
24
15-%
Feb
12
Jan
2
22% July 14
2%
1
•
10 Va Jan
Dec
6%
6% May
23% May
13 Va Nov
7% Jan
Feb
14%
Feb
38%
Feb
27%
2
15% July 13
4'A Mar 16
Feb
9% Jun
73/a Mar 16
Class
30
13 % July 13
30
Apr 15
143/4 Mar 9
16%
Juiy 15
49% July 15
Chicago & Northwest com—-No
Chicago Pneumat Tool cbmi.No
493A Mar 20
57
2
$3
25% Feb
18
39% July 12
Chit!
45% Jan
22
71
Jun
i
preferred
convertible
Rock
ls
&
10%
Dec
153/4
Feb
10
15 Va
Jan
21
Feb
14% Feb
4 Va
Nov
>
Jun
July
6
46 Va July
7
63% May
3
...
11
Dec
42% Mar
31
Feb
18
42
Jun
Sep
66%
52% Feb
11
65% Jun
23
Nov
96
Dec
29%
111
Jan
23 Va Feb
Feb
4
x94% Mar 11
21 Va May
28
Feb
48 Va
Jan
34 Va
Nov
36% Jan 26
28% Mar 9
8,
11%
May
78
Dec
94
12% May
23
~
Feb
7% Mar
Mar
20%
78
Feb
34 Va
May
-
-
Nov
...
85-
Jun
34 Va
27 V*
Jan
Nov
43%
Dec
107
95
115%
Jun
106
413/a Jun
111% Jun
109
Mar
101
Jan
6
34'/a Apr
106% Aug 17 '
72
Jan
2
42%
Dec
57
Feb
42% Jan
Va
Dec
24%
Feb
32
May
39% Mar
34
Dec
48% Mar
140
v
Dec
Dec
89
154
-
91%
Feb
137
Dec
,
S per
141.
share
May
x61 Va
Jun
1140
33
87
Dec
S per share
191 >A
Nov
153
65%
Jan
61
May
1332
May
1155
May
56
Jan
Feb
11
183
July
105% July
11
16
Feb
11
Feb
11
9 Va May
17%
Feb
12% Feb
13
8
May
16 Va
Feb
213/4
Dee
32%
Jan,
11% Apr
22% Feb
213%
Nov
32%
123/4 Feb
;
13
Jan
22 % Feb
11
10
Apr
123/4
Oct
10 V« Feb
13
11%
Dec
22%
Feb
63
Dec
86
% Aug 17
62% Apr 30
•
Mar
50
Feb
35% Feb
5
48%
Oct
36% Jan
23,
36
May
-
87
Dec
20 Vn May
2Vi May
115% Feb
263A July
4
94
Dec
1233/4
33%
Jan
30
Apr
4% May
21
Nov
104%
7
Nov
11% May
10% Dec
.40 Va May
17
May
12 Va May
"l0% July
33 V»
7
8% Feb
27% July 20
4% Feb 11
21
103% Feb
.
107 Va
July
6
Feb
11
24
15 % May 12
111/4 Aug 20
9% July 16
32 V* Feb '27
17% Mar
Feb
Feb
98% July 26
333/4 Aug 12
Fdb
48
04
Dec
106%
30%
Dec
44%
94 V. Feb
55%
6% May
12%
55%
153/4 July
35% Jun
17
34
34
34
*53
54
*53
54
36%
65 34
*
l
3Va
27
46% Feb
Dec
Feb
V^ Gr/.
Feb
11
Dec
For footnotes see page
14
Mar 16
Iron
66-%
11 Va
*9%
66%
11 V-
17
16%
165/s
11
33/a
3%
66
$4.25
Columbus
3%
3%
*
36
*160
40%
108%
27'A
39
38
58%
60
59
V*
60 Va
59 Va
26%
263/a
26 V«
26 Va
26 VB
26 Va
*98 Va
*
53%
53
*37
38
/
•
99%
99
*23
233A
415/e
30 V*
8'A
18
-
*30Va
18
**
18
*35% 36'
>
90
40'A
40%
19
36'*
90
*85
*160
*85
108%
108V8
108 Va
27%
27%
46%
*44
46%
*44
*107
No par
34%
*140
*86%
*140
88
*86
•
Saturday
Aug.: 14
-
Monday
*140
87%
HIGH
Tuesday
SALE
j
'
Aug. 16
$ per share
Aug. 17
I per share
STOCK
*157
158
62
EXCHANGE
62
t per share
62%
"1100
323/4
*68
No par
*21 %
23 %
33%
'1100
34
89%
333/«i
343/e
143/4
26%
34 Va
34%
Thursday
88%
88
22
2i'%
23%
23 7/s
88
88
21
33%
110
87%
■:
'
34
23
100
88
22
*21%
24
4,100
700
3A
24'A
1,300
19%
19
19%
18%
19%
19
19%
12,100
19%
20
19%
193/a
19%
14%
15'A
14 %
19aA
14%
1cJ3/4
14%
19%
15'A
2,200
15
153/4
*14%
153/4
*14%
*14'A
15%
*133/4
14%
*13%
14%
13 3/4
15%
133A
*13
14'/a
15%
*14%
14%
*14
310
"lO
24%
25
24%
243A
23%
24 Vb
23%
24%
24
25%
233/4
25 Va
24
24
233A
24%
233/4
23 3/4
23%
23%
1,500
11%
12Va
12%
12%
12
12%
12
12%
12%
12%
17,300
*9%
9%
9%
9%
9%
9%
9%
72
*64
72
323/4
33%
*33
33%
33%
41 Va
41 Va
*64
<
10
41%
413A
413/8
48 3/4
48%
493A
493/4
96
96
95
No par
22%
22%
22%
225/8
22 3/e
Corp
3
3
Power
973A
98
98
98'A
9fc Va
98%
98 3/e
500
26
2 5 3/e
25%
25%
2f %
253A
25%
7,000
10
93/4
10
10
10
*93/4
10
1.000
34
35
35
35%
29
34%
29
343A
5
*34
35'A
29
*28
*27%
29
5%
5 Vb
23%
233/8
233/8
1063A
106%
15 Va
153/8
233/4
106 %
106%
106%
14%
14%
15
24
11,300
3,400
1,300
10%
10%
*93/4
10'A
*93/4
10%
9 3A
100
413/4
41%
42
41%'
42
41%
42
42
42 Va
3,356
24
25
25 Va
25%
25%
253A
25%
26%
26%
26 3A
6,700
*10
•
93A
1
*12%
13%
13'A
12%
12%
*123/4
13%
12%
12%
10c
12 Va
12'A
12
12
12
12
11%
11%
11%
11%
1,100
9%
10 Va
10
10%
10%
10%
10
10'A
10
10%
9,800
34
34
333A
34
34
3A
100
100
*12%
95%
96
96
17% July 13
95%
Continental Baking Co com..No par
953/4.
953A
143/4
14%
87
IS3/,
15
15
15 Va
88
88
89
36%'
363/8
36
36'/a
35%
36
96
95
*94'A
96
11
*103/4
11%
55'A
55%
36%
*94'A
10%
103A
54%
55
55
55'A
18
Continental, Oil of Delaware--*-—#
1
Cofp^...14
com..No par
*«•»
7%
...
f
4
7=/a
58%
16%
54%
363/a
73/a
96
*94'A
,
96
*105/e
11'A
55
7%
7%
*103A
'. 55
55%
7%
55
2,000
480
4,000
100
,
58
Z
>•
*16%
29%
29%
54%
*533/4
;;59 %
7%
7%
605/e
615/8
16%
16%
60% t 61%
16% )■:- 17
29%
29%
29%
29'A
533A
533A
533A
*533A
60 r
,
61%
163/b-
163/8
293A
29%
55
53 3A
.17,;
V
-
300
.'1,900
'
7%
73/a
.13,900
'
58
*16
29%
250
15%
86%
10%
693/4 Jun
780
96
*94%
865/8
97'A
Continental Motors—
1,300
1,800
865/a
36Va
24
34
36 Va
15%
10%
-
96
200
100%
35%
15
*94 %
10
*94%
35%
873A
5
10%' Jun
35%
14%
,
Nopar
Continental
99
873A
873A
36
common....20
13% May 21
633/4 Jun
1
IOO
'
preferred ^____._\.___No par
Corp
235/8
15
353A
nro'o-'ofl
3,200
*9 3/4
May 25
Steel
100
5%
*5
41'A
99%
Insurance
28'A
3Vu
106 >A
106 3/8
15%
15% '
1,000
28%
5%
23%
23%
106%
*28
5»A
353A
Fibre..
52,000
9%
34
Inc
500
2,600
3
25%
353/8
Diamond
22%
3
973A
99%
Can
22%
3
—1
Inc.
preferred-!..,
22%
34
pfd._._jlOO
...
3,500
10
*27%
15
inc..
49
96
253A
15'A
Co
3
1,500
48
96
98
106%
Aircraft
22%
3%
41%
49%
96
49%
*95
10
15'A
Stores
41%
600
25%
106%
—
33'A
41%
400
70 3/4
33%
2.0Q0
98
Nopal
6%
3
3
*633A
33 Va
41%
23
2%
72
33%
96
:
Textile
*633/4
50'/a
96
Grocers; Corp...1.33%
Laundries Corp
5
Itetail
72
48 %
23%
Vultee
*9%
33%
41%
com—No par
Y
"
9%
96
....
N
9'A
*64
99%
<!"?• t>rfr>r
"333/4
15
23 %
Cooper-Bessemer
.
21
*23 3/4
600
*1100
.
1834
34
14
613A
88
„
'Shares
156%
613/4
16
com__No par
July 12
156%
62%
33s/8
far
18%
*15
;_100
South
of
Jun
tper share
157%
62
23%
Sale*
the Week
Aug. 20
*157
21%
23%
5Va
33
100
;
19 Va
5 Va
55
-
18%
5
9
86'A
18 V*
—.10
common
Goppermines
*49% Mar 17
86'A
Friday
Aug. 19
34
35
$3.75
141
2;50
w__No par
No par
w
Co
preferred
Continental
200
1,400
2.50
of Cuba
Continental
500
34'A
*140
.
3,100
8
34 Va
87%
*1100
33%
$5.50
8
$ per share
62%
35
July 12
141
*86
158
22
.
*15
preferred—100
Inc el A
143/4
88%
22
23%
70
30
PRICES
156
*1100
500
46%
26%
Wednesday
Aug. 18
_
CLOSED
27%
8 Va
*140
—
180
72%
*44
— -•
—
1,600
109
72%
15
99%
99 %
27%
*107
27%
87%
*62
62'A
*!
108
*73A
f per share
158
157%
'
800
'
90
*26%
■
.
141
*86
700
■»
40%
34%
34%
141
15
Wc
19%
{
34%
8'A
*'7%
343/8
34'A
34'A
141
109
-
190
108
46%
108
.
800
300
-
;
;
*
■>
800
3,600
83A
40%
27%
*44
Consolidated Natural Gas
$4.50
*85
108 Va
2,400
G'6
-.34%
4u%
27%
2,300
„
30
30
*160
4U%
108*'
j-
Y*8»A
.
35
40%
28
26%
43 'A
190
40'A
106 Va
14,300
23
90
<•
•
*y*84
»*18 3A
19
T
35
190
83/4
86
40%
*27%
27%
18
*35
*160-
30%
*8%
1*84
70
60 Va
42'A
108%
*108
108%
30
-
87
500
39
aa.,!s
42
8%
*83-
'*160 Y 190
*85
"
90
190
31
8 5/8
.
88
4,200
*99%.-100%
100
41 aA
413/a
83/8
*83
88
LOW AND
preferred.^
Consumers
300
3%
26%
23% v'22Va
30'A
-
*98
23 Va
41S/8
83A
99%
23
■
46 Va
*44
....
Consolidated
12,700
4,100
53%
59 Va
75
$6* preferred series!..j__—No par
- Edison
Co.!
—25
Consol RR
17
*37
*72%
Corp com__No par
Commercial Solvents
$5
39
75
& Southern Ohio Elec
Ed inn
53
*72%
$3^60 preferred
Con sol
10 Va
*3%
593/4
53
75
5
Commercial Credit
Consolidated
300
66 Va
10 Va
53%
39
36
*
*85
I
3 Va
52
173/4 <*18
~
•>
3%
58%
*83A
*83
——100
preferred
&
66%
*
2,700
78
17
49%
""
No par
Carbon
Commomv'th
373/4
17
39
58
Gas System, Inc..Nopar
Pictures common!.No p./*
cum
10%
106%
Class B__!_—
Columbian
6 6 3%
*10
*72%
:
Droad-Sys
37%
49
*37
preferred--.—20
Continental
26.
3 Va
48 34
common.No par
2nd
non-rum
Columbia
'
66%
36%
73
iric
19% Apr 16
19% Mar
66
34%
July 13
6
*16%
373%
33%
May 15
48% Mar 17
*10Va
17
36 Va
99%
99
10
11 Va
38 Va
No par
5
3
Mar
Feb
66
10 Va
*16%
37
Co coni—No par
42 Va Jan
92
93
37 Va
Container Corp of America
com..20
4% cumulative preferred..—.-100
106% May 25
40
10
4'4
Consolidated
5
Feb
55
*33%
54
Southern^ Ry com.—100
iron-'cum 1st preferred.—100
Consolidated
84 Va Mar 23
Dec
19
34 V,
*53
'
&
6
*
27
34 Va
54
&
16% Mar 20
30% Feb
1103/4 July
13 Va Feb
May
10
JO3/, Mar 17
Apr
Feb
Fuel
Consolidated
19%
Feb
(The)
5% -cum- conv
Colorado
21
2
P 2,800
107
STOCK
Aikman
12% Jun
Jan
20%
47
343/,
100
YORK
Mills
Consolidated
51
20%
46%
73
preferred
11
27 3/4 May 2o
20%
46%
*53
stock——.50
2nd pfd—1
xl8 V8 Jun
11
'
May
May
May 21
6% May 21
25% July 12
19 Va Feb
Dec
43
32
20%
46
*33%
CondCfNast Publishing Inc
Nopar
Congoieuni-Nairn Inc..
^.No par
Consolidated Cigar
.No par
41V. Aug 16
11%
Apr
Apr
,
5,000
Va
54
Commonwealth
Jan
104% July
203/a Feb
14 Va
Apr 27^
6,700
363/4
34%
11% May 20
36% July 12
Jan
Dec
12 Va
293a May 26
54%
94%
35
30
7
30
114%
Dec
Apr
July
10%
36'%
*53
29% May 14
5
10
4
53% July 15
106
10
11% Mar 16
9
Colo
15
16
3% Jun 24
11
Feb
Feb
Dec
May
10
Feb
15%
Dec
•
13,
283/4 Feb
Mar
$3.50
Columbia
37% Apr
43% Jun
1,200
10%
353%
*33%
No par
Columbia
104
2
25% July 30
Feb
30
44
2
Nov
20 Va
,
963/4 Jan
108 % Mar
99%
*96
Feb
27
Feb
35 Va
29%
38 3/8
32% May
Jan
2 V. Feb
Jan
14%
23% May
<
20
Jan
Nov
8% May
'
90
Jan
25 Va
■
28% Feb
7%
10 S/8
STOCKS
24
78% Jun
39% Aug
36
7%
10%
35%
15
13 V4 May 21
30s/a May
Dec
14% Jun
7%
10 5%
35%
27
Colonial
31% May 12
,
9
*7 Va.
10 3/8
35 Va
14%
Collins &
32 Va May 15
7%
10%
353/4
27
17% July 14
20
7%
7%
10%
34%
20 5%
45%
Internat Corp.
No par
Colgate-Palmolive-Peet -com—No par
18% Jun 25
18% July 15
Oct
7'/a
73/a
10 Va
35
8%
Coca-Cola Co
20% July 14
11
18
8
11
7 Ve
20
Coca-Cola
Feb
May
16 V8 May
Feb
2,800
14%
1
Feb
16
13%
10,800
45 VA
"Par
2
17%
193/4 Mar 17
Oct
13 %
107
Class A
20%
Feb
22%
13 V*
,100
EXCHANGE
May
46
Aug
12
-
Dec
18
123/4
26 3A
NEW
96
Apr 20
25% May 18
263A May 21
20% July 14
23 Va
13%
8Va
2
July
13
143/4
8
45% Jan
13%
*26 Va
Jan
1332
1
12%
8V4
63% Jun
32% Aug 16
87% Aug 20
2,100
12%
9%
gtd—50-
$ per share
July 13
19%
143/4
Highest
S per share
19%
9%
20 3/4
—.0
preferred
Lowest
1,000
19
11%
45 'A
•
,
10%
18%
26 3A
Range since Jan. 1
Highest
10'/a
19
*7%
cum
12
10 V,
14%
4%
113%
lk'/4
*9%
19
26 Va
92% May 20
12
12
10
18 3/4
No par
1%
14 Va
18%
Clinton Industries Inc
+
1
Clopay Corp...———1___—...„_i
»
Year 1947
4%
1,400
14 Va
20%
com..—
preferred.—.
Pitts RR Co'7%
gtd
300
1,900
14
443/4
;_No par
1
Co
13%
7%
44 Va
Co—.20
Bronze
82
7%"
20%
0
Graph
7%
*9%
-
29%
preferred
7
44%
———100
Equipment
37 3/8
*80
"
7 V,
9%
29%
July 13
Range for Previous
Lowest
113/4
*7
10
.No par
common..
Cluett Peabodv & Co com.
36% May 17
81% Mar 18
II,300
*81
7%
'
com
preferied
Special
5
147
37%
81
37%
83
20
...
:
Investing Co
5%
5
10
37%
81
40 3/4
Clev
'
Feb
37%
83
..10
Climax Molybdenum—
10% Jan
37%
37 Va
83
60
18 Va
..100
:
Cleve &
39 V. Jan
37%
37%
40%
$4.50
9
9
600
35
Ry: Co com.—100
5 %
noh-cum
preferred—:
,100
Cleve Elec •Illuminatirtg eonu.No
par
108% Jun 25
5
30 Va Mar 16
300
27%
400
97
par
i
Elec
47Va May 19
18% Mar 22
14
23% May
7 Va Mar
«/
&
78 % May 20
14 Va Mar 15
14
11%
27%
22%
Clark
7
263/b May
11%
28
*
C C .C & St Louis
14
6
11%
*27%
28%
*96
2,200
par
City Stolrw
5
10
Dec
•
May 24
34% Feb
*11
28 V*
98
5 %%
! July 12
Jun
4
105% Jan
11V4
28
*28
263/a
City
Feb
*11
29
2.000
/
*12%
—No par
Oil.:
City: Ice & Fuel
Juh
11
10%
I 10%
22%
2
88
97%
973/4
3
38 Vi Aug
97%
4%
preferred
i—.100
Cincinnati:Milling Machine Tfo—.10
C I T Financial Corp!...
No par
Jan
21
97 Va
26%
Jun
176
*96
.8.50
10
29
35% July
Gas
8
Jan
Nov
71
6
July 12
80
Cincinnati
84% Apr 20
273A Mar 18
■
Cab.i
common—.,
33
1
6
15 Va Jan
176
■
Co
48 Va July
9
Jan
17
97
11%
,
101 Va May 26
27
May 17
20% Mar 13
37 Va May
27 V* May
•
293A Jun
97
163/4
27%
25
24%
18%
preferred———...
100
Chile Copper Co
:
„.25
Chrysler Corp
—2.50
lu
Oct
98
16%
*27.
*9%
5 Va %
24
56 Va
Yellow
Chickasha-Cotton
Cliilds
24%
I
100
—
series A.L
preferred
Chicago
3
32
-
Conv
3.
xl2 Va
May 18
19% May 27
4% Apr
2
7% Mar
__
July 22
27 Va
24%
37%
Pac
•
«
26%
*81
preference..Nonpar
RR Co..No'par
'
„
16%
74
24%
97
.......No par
40
July
16%
2
24%
12 %
11
•>_
16%
iri %
11%
11
1,800
24%
13%
Feb
300
•
28
13%
35
60
4.900
-
243/4
*27
13%
28 Va Feb
12
,.
79
30 %
23%
28
13%
Feb
29'%
16%
16
15%
13 %
Dec
104
*77'%
23%
*27
13 Va
533/,
*102
79
29
*11%
40
B
103 Va
27 V,
12
*81%
7%
34%
56
*11%
113/4
6%
Jan
5%
11%
6%
Nov
51 % May
-
113/4
com—No par
RR Co
33 V.
May 21
*77
27%
16%
1
,
20 Va
'
*102
79
27
700
24%
Sfc Paul & P vtci.No.par
Series A preferred Vtc.
—100
23%
103
*77
26%
2,500
1,700
"
11%
Chic Milw
41 Va July 13
103
79
26%
10%
Class A
12% July 13
8% May
4% May
103
*77
*9%
Chicago Corp (The)—
1
Chicago Great West RR Co com—50
5% preferred.!
,—50
Chic Irid & Louis Ry Co cl
A.^,.25
14 Va May 21
*101
25%
24
Chic & East 111
July 13
17Vs July 14
12%
5% May
6% May
4 Va
9
Jan
2,100
80
*27%
9
2,000
7%
103 >/a
*10Va
90
29%
7%
11%
.i.1.20
45% Jan
29 Va
7%
10%
Chesapeake Corp of Virginia
5
Chesapeake & Ohio Ry common_.25
3 Va %
convertible preferred
100
3
£9%
7%
24
Checker Cab Mlg
11
29%
7%
*9%
8
Feb
29%
7%
24
8-
July 19
29%
7%
10%
15% Jun
4
29%
7%
24 3/4
30
79% Aug
29%
*9%
6
102% July
73/k Feb
8%
24%
100% Jan
Apr
10
•8%
10%
16
Dec
16%
10
8%
24%
90
3 Va
16%
9%
*7%
*9%
Jan:
81%
16%
9%
8%
243/8
No par
;_i
16%
9%
8%
10%
Champion Paper & Fib c0mi.No par
$4.50 preferred
____^._No par
May
16%
9%
9%
24%
Chain
9% Mar 16
260
73/4
11%
Certain-teed
37
200
*9%
14
25 V. Mar 16
18%
/:
24%
11
Oct
18%
19
300
6
May 24
Jan
2,900
par
Jan
30%
29%
293/4
25%
20
543A
130
29%
16%
7%
33
Dec
104
129%
10
29%
26% Jun
Jan
*18%
104
29%
8%
8%
10
40%
16%
104
128 Va
29%
19
*18%
19
16%
29% 7
2,800
16,600
8%
9%
18
23
*18%
914
28
Feb
29
*8'%
Va Feb
20 Va
300
20
£4 Va
24% Feb
10% May
I.WO
146
54%
17% Feb
Feb
146
33%
Oct
1103A
146%
.
55%
Feb
Dec
2,200
34 Va
30
100%
41%
54
.9'50
..J
L_„
200
41%
33 Va
*78
Products
7%
55
27
Co.
7%
41 Va
*146
15%
36 Va
33%
19 % May
Belt
146%
15%
36'/a
8 Va
41
*146
37
15
54%
20 % May
13
42%
*35%
700
37
*7%
42
146
146
7%
60
■
30
32%
102
-
41%
36
14%
*36
P
7,500
109%
30
30 %
Shares
6
108 Va
55
108
Corp..!
Copper
146%
15 Va
5%
*
32
!l00
iJerS"* !
New
41%
*30;
*35 Va
37
*7%
7%
Va
36 Va
15
*36
37
5%
109
54%
pfd.ICO
pfd
Corp 3.40%
of
RR
*35%
15%
*7%
42
30
5%
108%
the Week
$ per share
31%
1
'
14%
*36
7%
*145
Co—Wo'par
Central
Jan
36%
'
*40%
100
;
*35
15
36
*7%
.20
Central' Agulrre Sugar
Foundry Co.i
7
30
3b
14%
5%
30
30%
$ per share
110
Sales tor
Friday
Aug. 20
Aug. 10
110
110
*30
36
No par
preferred—
5%
5%
*108%
30 Va
*34%
No par
.!!;
common..
3
102
21 Va
1st
2nd
$ per share
share
5%
110
30 Va
Amer com—No par
8
38% July
8% Mar
Feb
22 Va
CLOSED
Thursday
$ per
5%
*108%
Central of Ga -Ry Co ytcT___No. par
5'Zo preferred series B vtc—.«100
Central Huuson G
A Corp—No par
12 Va
11% May
No par
Centra)
96%
Dec
Corp'of
Celanese
Celotex
18% Feb
5%
EXCHANGE
.100
10% July 15
29'/a Aug 13
7 Va Jun 18
mtmm
Light
Ry_
12% Jun
8'A Aug 12
__
&
2
20 Ve Jan
21
63/4 Feb
Power
May 27
34% Jun 25
3
Dec
July
Ohio
Wednesday
Aug. 18
f per share
STOCK
1
&
$ per share
PRICES
SALE
Tuesday
Aug. 17
Aug. 16
...
140
22% Feb
•
197/a May
Inci.
Clinch
Monday
Carpenter Steel Co__———,—0
Carrier
Corp common..
..10
Conv preferred 4%
geries
.50
Carriers & General Corp—i,——1
Case (J I) Co common!..,
25
7%„ preferred :
—fOO
Caterpillar' Tractor—i.—;
No par
147 Va July 15
Feb
Par
«
Carolina
12
64
17% May
*97
Feb
Dec
'
Capital Airlines,
July 28
41% Jan
4
Mar 16
<
Carolina
9
May 20
2
52% Jun
Jan
% May
32
Saturday
Aug. 14
17
(753)
HIGH
LOW AND
STOCK
.
19% May 21
43% Jan
8
6
1
*
8% Mar 22
110% Jun
2
18
YORK
EXCHANGE
$ per share
5Va Aug 11
Jan
NEW
Highest
*
27
29
FINANCIAL CHRONICLE
>
>
5.700
/• 700
29 %
900
54%
30
i
COMMERCIAL
THE
(754)
Highest
Lowest
I per
$ per
share
share
$ per
8
8 per share
share
12 Vt
Jun
17%
Oct*
13 \ Feb 11
Deo
55
Feb
42% Mar 24
48
20%
Feb
10% Feb 11
15% Jun
61
Jan
50
32%
Feb
Oopperweld Steel Co eemnw.,..
»
Convertible pref 519 leriee
BS
Cornell Dubiller Electric Corp
J
Corn Exchange Bank A Tr
Corning Glass Works
3%% preferred
108
Cum pfd 3%% ser of 1947—lit
Corn Products Refining ooas
28
20% Jun 18
44
12% May
61%
Deo
13
57% July 14
,5
9
23% Jun
Feb
92
Jan
12
98
Jan
59
Apr
30
Aug
168
Deo
105% Feb
92
88
Deo
105%
Jun
75%
Bep
61%
195
Deo
8% Jan
Deo
4%
15
Feb
Deo
170
May 20
18% Feb
18%
88%
11
97% July
1
July 21
66% Mar 24
Mar 19
177
Aug 11
6% Jan
3% Feb
3% Aug 13
..."
'
Co ty international Corp
Aug
9
Feb
29
Feb
13
39% Jun
14
Deo
107
Mar
95
Feb
11
98 Va Jun
2
11%
Deo
16
Oct
4%
2% Deo
Jan
40 Va
26% May
2 'A
f
9% May 13
24% Jun
Deo
30
Jan
x21
41
Deo
62% Mar
40
25
Apr
347/a
Oct
26% Mar 18
98
Deo
108%
Feb
91 Va Feb
105% May
130Ve
22
12%
j
9
Jan
Jan
Nov
Feb
Jun
70
Mar
6%
Feb
21%
Deo
Apr
132
Feb
129
24% Jan
18Vi Aug 20
11
17
Mar 11
48
4% Feb
May 14
12% July 21
11
18% Feb
13
27% July 29
Jan
27
2
x31% May 26
133
Feb
21% Mar 16
19% Ant
80% Not
14% May
26%
Bep
20
Sep
23% Oct
30% Jun
4
10
94% Jun
Maris
87% Mar
13% Mar
July
137
24
2
20% Jan
9
6
25
17% Jan
Jain
24% Oct
18% Feb
14
28% July 14
Deo
35%
Jan
24% Feb
25
31% Aug
Jan
2
94
4
Jun 17
Jan
5
94
Jun
Feb
15
16%
;-84
•2%
DOO
101% July
84
84
Deo
101% July
65
23%
Feb
20%
Feb
Aug
Mir
45%
Oct
46%
Oct
DOO
38%
Feb
29 % Feb
ii
19%
45% Mar
32% May
i,'-69
Aug
10% May
9
20
34% May 24
5
50% Jun
13% July 12
7% Feb 11
Deo
19%
44% Deo
.
14% Feb
27% Mar
20
Oct
58
62%
«13% July
Oct
Jan
Feb
Apr
47
Jan
35% Mar 12
42%
Nov
50
Jan
38
2
Jun
10
46% July 29
3
19% May 26
Mar 17
*19% May 21
14% Aug
Jan
18%
11% May
1
10
46
Feb 13
Feb
247/a
17% Deo
Jun
16% Jan
28% Jun
26
13
21
13
Deo
19%
Oct
14% Mar 12
40%
Sep
29% Feb
41
19%
Oct
55%
'< Feb
34
Deo
16
'
23
Jan
Dr.
Pepper Co—
40
Jun
16
13% Aug 16
19
Feb
24
47 Va Jan
67% Apr
15
Douglas
36%
42% July
91%
14
114%
Deo
98%
104%
80
May
15
90
Feb
13
106% Jun
21
21
Jan
6
31% Jun
21
197
Jan
2
98
12% Feb
11
20
NOV
17%
83
12% Mar 11
July 16
3%%
Dunhiii
18
July
129 Va Aug
92% Deo
110% Bep
107%
Sep
115%
Jun
19% Mar
Mar 18
164
113% Jan
28
Feb
7
May 20
188% July 9
124% Jun 17
99% Jun
11
112% Apr
04
3
Jun
22
116
15% Jan
Mar 15
13
,
2
conr
r
34
34
34%
35
34%
35%
35%
35%
35
35%
35
35%
31 Va
*30%
31%
30%
30%
30%
30 %
*47'A
57%
500
10%
10%
4,200
*30
8%
10%
10%
32%
9
10'A
*47
48
10%
.
1,400
6,600
800
•
34
34%
34%
33%
34
34
35
5,400
50%
51
f.ft%
51
51%
52
51%
51%
52
52%
2,100
21Va
20%
20%
20%
21 Va
20%
21
20%
20%
6,200
*58%
64
*58 J/2
321/4
64
*58'%
12
12 Vs
*12Va
I2V4
24
24
*23%
24'/a
12%
12%
23%
23%
12%
*23 Va
24
40
">
40
44
44
%\
if
15%t"
*15%
16-1/4
*34
34%
34
12'A
12 VA
1,300
24%
12V4
24
24
24%
24%
400
I2V4
23%
24
*15%
52%
12%
12%
23%
23%
23%
41%
41%
42
43
200
23%
*12»A
*12'A
1,000
700
•42
41%
41
*43%
45
44
43 V4
*151/4
16
*151/4
16
*15%
*16
400
15%
16
XI5%
15%
15%
16
5.500
Va
1,100
43'A
15%
16%
33
15%
33%
*15%
35
*32
341/4
53
5 2','2
52%
*52%
53%
440
300
151/2
52%
161/4
*
15%
"14%
*14%
15'A
*14%
15 Va
*33%
34%
34%
34%
35
301)
15 Vi
35
15
15
35
*14%
35
34%
34%
1,000
5.300
13%
13%
13%
13%
13%
141/a
13%
14
51%
511/4
51%
51%
52%
53
53
53'A
52%
53%
45
45%
45%
45%
45%
46 Va
4,600
*100
100%
200
102
10214
44%
44V4
101
100%
-♦15
————Jfopax
*14%
15'A
00m—28
*172%
173%
*117
118
DWG Cigar Corp
NEW YORK
1U2
*101%
102 Va
25%
26%
95%
*951/8
113%
113%
174%
Saturday
Par
Aug. 16
16
*16
*15%
l~
100
s
f
2,600
i
16%
15 'A
'"•
-ii
*15
15%
X173%
175
116%
116%
116%
300
*94%
95%
174
116%
118
173%
95 %
*94%
95%
200
114
113
113
*112
113%
13
13
13
*13
13%
'
290
13
200
PRICES
the Week
Shares
tper share
t per share
S per share
Sales for
Friday
Aug. 20
Thursday
Aug. 19
Wednesday
Aug. 18
t per share
$ per share
f per thara
*15
)
*r~"-
:
*113
Tuesday
Aug. 17
Monday
Aug. 14
800
A
.,1
93%
174%
95'A
LOW AND HIGH SALE
STOCK
EXCHANGE
*92
15
*117
113 Va
13%
*13
13%
93%
16%
15
118
*92
(
\
1,800
2612
26%
93%
•
*15
95%
*13
25%
25%
174V4
173%
*116%
95%
108
—E
1st pfd
101 !a
*92
15
*14%
113%
Preferred $3.50 serlo*—Jfopax
100%
93%
16 Va
16%
No pax
100%
25%
*92
*15
..
„
v
101
102'A
25
93%
25
102
25%
*101
13%
13%
•100%
100%
1021/4
*99%
1
„
|
1,300
44%
45
preferred———.188
.
i
700
15%
33 'A
52%
34
52%
52%
—-
12%
15%
15%
64
12'A
*24
iie
**15
•15%'
15%
15%
44
-
121/4
I2V4
>41%
>6*44 ?
41
•
64
*58%
64
*59%
S
S
f
■■■■
$ per share
I per share
9
10%
STOCKS
$ per share
$ per share
34
*92
Duquesne Light 5%
Lowest
Highest
Lowest
34%
10%
Co
Pont de Nem (E I) A Co
Range since Jan. 1
Highest
Year 15)17
8%
8%
34%
.No pax
Preferred $4.50 series
Range for Previous
•
2,900
*11%
121/4
9%
34%
-No pax
International.
Duplan Corp
Du
9
12
8%
34%
-
9%
10%
No pax
Aircraft.
Chemical
May 15
Feb
Feb
19
Deo
106% Jun
Oct
115% Deo
14
6
Dec
98%
10% May
14% Nov
173
Feb
23
May
Deo
Feb
1,100
20%
common——If
$4 preferred series A
No pax
$3.25 2nd preferred
No pax
Dresser Industries common
80*
Dow
12
12
47%
....i...Wopar
8
,,
Oct
July 12
90
12
47%
No pax
Jan
48
*87
32
28
-■ :.A- ■■ "
^
Co common
Jun
20
90
47V4
No pax
A
Doehler-Jarvls
32% Feb
*87
46%
12.80
T Motor Car Co—L.
39%
2
89
46%
100
80
Corp-Seagram* Ltd_i
76
13
88
31
-108
,
partlc preferred——*-:
21%
Feb
88
10%
/,v
DlVCO fin*P ■■■■■••■•■■■■
5
88
12 Va
*121/4
12%
130
*87
*87
89
88
34%
8%
*12 Vs
16% May
97
*87
Co_
45% May
Bep
Deo
90
2,000
-28%
*28%
*87
*46
-
Dixie Cup
Apr 21
56
July 19
29
*88
25
28%
3,300
25
25
24%
28%
300
34-%
Raynolds class A
Diamond Match common
Class
-
Rio Grand* West RR
Vilblss
Diamond
1
34
Corp
Dome Mines Ltd.
28% May
88 Va
*30
2
Jun
5
47% Mar
14
88
Hudson—
2
19% July
May
May
89
Devoe &
Distill
*17
*88 Vs
ctfs for pfd
6%
17 V4
108
108
ctfs for co m
De
*17
28%
11
22% Feb
17%
24%
Detroit-Michigan StoT* Co-*.— —1
—X
Detroit Steel Corp
,
12 % Aug
31%
17'A
*17
91
-
-
28
Detroit Hillsdale 8BWRRO0. .188
22 Ve Mar 18
26%
22
17%
*17
10
16 >A
241/4
9
60 Va Jan
*15 J/4
24
13% May 24
Jan.
10 Va Feb
91
16'A
91
29
common
Edison
Detroit
1,500
24%
23%
*89%
*15'A
23%
Lack & Western
Delaware
700
Va
161/4
91
28%
21% May 17
35%
49
&
29
*15'A
29 Va
*12
140
*28%
24'A
2,400
25 Va
24%
*132
28%
500
23.000
10
9%
9%
24%
24
80
55 Va
*90
23%
.80s
6,400
148 Va
*54
91
*15'A
17 %
*17
11 Va
10%
*147
140
28%
24%
24'A
Va
300
16 'A
*89
91
15%
15%
preferred
7%
Delaware
24
24
*89
29
400
18 Va
10%
55
*132
23%
9
8
Apr
Oct
15%
Co
Si
Deere
27 VA
*28
28'/a
24%
26%
27 Va
15
18 %
148%
24%
140
100
86
*14'A
14%
19%
9%
24%
*132
140
1,600
Va
*83'A
87
55
9%
9%
24%
24%
24%
*132
2,000
16%
11
10%
55'A
11,800
30
11
148%
148%
55'A
55%
9%
9%
9%
24%
140
11
*146
148 Va
55%
55
10%
10%
10%
75
29%
.16%
11
-
*13%
146
♦74
180
14%
19 Va
9%
.50*
Escrow
July 15
58
15 V4
*18%
24%
Deep Rock Oil Corp.
Escrow
39% July 15
11
32% Mar 16
20% May
25
24
*14%
19 Va
X29 Va
Dayton Rubber CO
2
15 Va
.
2,300
*160
*83 %
*18%
.—T
Decca Records Inc_
46 Va Jan
86%
*83 %•
*14%
*132
pfd 3%% series A
108
Davega Stores Corp oommoa
S.B8
5% preferred —.A. ;
. ......88
Davison Chemical Corp (The)..:
X
5
10%
15
10%
25
180
18%
146
1,130
25
16%
11
260
99%
109
24%
*160
3,100
29
991"
75
180
41
108'A
24%
15
Cum
99%
109%
99%
109
30
86%
Dana Corp common.
9
.28%
16%
86%
Ho pax
Dayton Pwr <fc Light common
Preferred 3.75% series A__.
Preferred 3.75% **rlM B
*39%
29%
17
87%
24
Cutler-Hammer Inc..
421
18%
1
1
108
pfd-
1,400
16%
■,
*86%
55
Curtlss-Wright common
Class A————Cushman's Sons Ino 1%
21%
29'A
25
11
,
15
42
38% J&n 20
Jan
17%
••*".'16
pr»f»rrn
Denver Si
6% May
25% May
20% Deo
Feb
10%
6% May
Feb
Prior
21'A
29%
11
*160?.
21%
*73%
180
10 V»
00m
M
-400
29%
11
*144%
(The)
Co
,
23 Va
74%
10%
180
No pax
Pub
Jun
15% Jan
34% Aug 12
S3
8% July
30
10
$7-
.17
23%
29%.
10%
*160
preferred..No pax
Curtis
16%
24%
*73
♦160
8
13% Jan
11% July 30
12% Sep
11
Sep
^
2
110%
29%
16%
400
23%
*39%
109%
73 Va
29%
16%
Cunningham Drug Store* Inc—LIS
13
Aug
61
30%
97
150
*72%
29
1300
lOVa
'
42
99%
24%
29
non-cum
Tn<>
Cuneo Press
13% July 15
Feb
122% Feb
7
July 30
17% May 18
18% May
>
13% May 21
4
Deo
*
88
14% Aug
12 Va
4% May
177
Feb
4
Jun
155
Apr 21
10% Mar ? 9
13
147
12% May
11
81% Jan
Jan
66
12% Feb
Mar
27%
;
6% May
113%
./
17 Va Aug
6%
,
*70%
preferred
conv
RR
V
95
*21
29%
99 Va
100
3,000
35
34%
*90
*10Va
95
23%
21%
29%
'.110
1,300
1,600
2Va
no%;r 10%
23%
*39%
4
*2%
34%
34'A
*92
lOVa
i
170 Va
'
2%
10 Vs
21
61%
170 Va
2,000
62%
4
62
171%
2%
♦23 %
73%
24%
108
pfd
108
Cuban-American Sugar common—18
1% preferred
100
Oudahy Packing Oo common
— If
4%% preferred———————108
6%
97
2%
35
; 50
94
97
62
95%,
29%
99%
1,700
19%
*93
*95%
4
95%
109%; 111
24%
24%
110
19%
$ per
94
4
34%
21%
41'/a
29%
19'A
*170%
10 %
21%
19 Va
*95%
23 Va
*39
29%
99%
290
4%
2%
33%
34%
vi 97 V
21 Va
55'A
*93
170
*4
*94
42
55 'A
62%
62
2%
99%
Crucible Steel of Amer com—No pax
2
17
19%
Oct
24%
14
Jan
101
Deo
xl6
28% Jun
78% Jun
Cuba
,.,*2%
-Nopax
10
34
2%
29%
too
55%
97
170
170
2%
109
26% Mar
*95%
3%
21 Va
150
11'A
ll'A
19%
.3%
-
47 Va
94 Va
3%
•39
66% Mar 17
19%
3% *
10 Va
*46 Va
54%
94%
62%
*168%
.
1,200
47%
11%
55
54
97.
61%
62
170
17%
*11'A
11%
*11%
96
23
22
17% Sep
Deo
61%
*168%
Shares
17%
*46%
19%:
*95%
97
10%
Oct
165
Deo
82%
*95%
share
17%
46
46
Sales for
the Week
17%
$ per share
17%
*17%
55
191/4
*94%
96
23%
Feb
2
*54%
19 Vfc
19
*94%
*23 Va
J*n„
21 Va
Jan
11%
No pax
8
No pax
preferred.
$4 2nd
'
13% May
11%
96%
34%
May
165
Feb
11%
54%
33%
37 %
Deo
r, 66
11 Va
54%
;
•10
$4.20 preferred
1
Jun
129
18
46'A
8
Crown Zellerbach Corp com
103 % July 14
24
102% Feb
1
46
95%
(The)
preferred
$2
6
47%
33%
96
22% May
;
Oct
46% Mar
34% Jun
Aug 13
♦46%
Cork & Seal new 00m—3.BO
Crown
26 Va May 27
11
17% Feb
CLOSED
America.
of
17%
,28
Wheat Corp
Cream of
8
17%
$ per share
shara
17%
180
common
preferred
Creameries
Jan 15
13
Mar 18
22%
3%%
$ per
17 V4
EXCHANGE
Aug. 19
Aug. 18i.
8 per share
share
STOCK
Friday
Aug. 20
Thursday
Wednesday
.Aug. 17
Aug. 16
1
1
mil
,
11
m
Co
Crane
per
IB*
praforfOri
7%
Coty Inc
2
97
,
Aug. 14
■EXCHANGE
Tuesday
Monday
Saturday
STOCK
NEW YORK
Range since Jan. 1
Lowest
Highest,
Year 1947
: v'
LOW AND HIGH BALE PRICES
STOCKS
Range for Previous
■
Monday, August 23, 1948
CHRONICLE
FINANCIAL
&
"
Jan
25% Aug
19% Feb
27.
25% May 27
Eagls-Plcher Co
16
Nor
24%
Apr
14 % Aug
2
Eastern Airlines Ino.
61
Jan
16% Aug 11
20% May 1$
22% Jan
8
14% Dee
<
48% July
42% May
163
-v
198%
Dee
25%
'//i2% May?18% Dee
88
Deo
.■
Oct
57%
Deo
Feb
109
Feb
18% Aug
27%
Feb
Deo
111%
Feb
104
38 % Feb
Jun
17
47% Feb 28
65% Jun
14
17% Feb
19% May 17
92% Jun
1
175;
13
82
Mar-
13
Marie
100%
8
Augjll
4% May
8%
Feb
5% Jan
65%
Feb
43
Feb
20
16%
Feb
11
Feb
39%
Jan
32% Feb 19
Sep
3%
Jan
11% May
19%
16% Jan
106-
13
33% May
•
5
80 Va May
10% May
2
145
:
46% May 15
10
162% Jan. 12
<
171
Deo
-
18%
July
156%
13% Feb
139
Feb
8% Jun 24
21'A
21%
21'A
1,500
16'A
16%
16%
17 Va
11,500
17
17
17'A
17 J/4
17
17
17'A
17%
16%
17%
CLOSED
>
166'
Electric Auto-Lite
—8
46%
23% July
11
158% Jun
7
4
143% Apr 28
Electric Power Si Light com—No pax
$7 preferred
No pax
$6 preferred
No pax
155
14% Feb
19
17
Jan
6
Elgin National Watch Co
15
Elliott
22%
27% Jun
46% July
Oct
55% Feb
13
76
Deo
12% Feb
11
12 Va Jan
Apr
x29% Jun
22
34
27
104
4%
Feb
85
13%
24%
Mar
11
16% July 12
65% July 15
68% Apr 14
Aug 19
9
5% Aug 17
Feb
Feb
5% May 28
5
9% Feb
64
*14
Not
25%
Jan
60%
Oct
x6 %
13% Aug
Deo
r60
May
Jan
*4%
Ma?
:
Jan
31% Feb
40% Mar
9
26% Mar 17
Feb
'ZS5For footnotes
see
page
Apr 14
5% Mar
26.
4
•
Fairbanks Morse & Co
32 JA Aug
24
10
3
Apr 23
16
11% Jun
15'A
23'A
23%
62'A
63
*62
47 J/a
45
45
*44
67
67
67
67
16 J/a
16%/*
16%
17
17/; '",17 J/s
17%
12 'A'
12 J/4
12%
12%
12%
121/4
12%
14%
14%
14%
14%
14%
,14%
14%
66 J/a
,
•14%
15
15
33
100
*
100%
100 J/a
156
*154 J/4
•
■
51%
:
151/a
151/a
15 Vs
23'/a
*14%
*23%
23%
62%
•
*43
45'A
33
33%
*32 J/a
1
101
4%
14%
14%
*61'/a
4
•l.
J/a
5%
wag
No pax
*45 Vs
30
Fajardo Sugar Co of Pprto Rleo—Xg
Falstaff Brewing Corp:
x
•21 %
Famsworth Televis'n A Rad Corp—X
7
62
*
,
"
;14'A
i
.
-
22 VA
'
2,400
/
600
i
50
*
6
:
2,000
•
6'A
6
61/4
614
14%
14%
8J/4
8%
8%
8%
8%
8%
30
*21 %
7'A
*
40
41
*39%
*5%
6
*5%
;
6
"
■
V"
■
*5%
46
i;
46
46
46
46
30 VA
30
30'/a
29%
•,•29%
22 VA
VA
22'A
22%
♦22%
29%
23
7'A
7%
VA
VA
7%
•
23
6
46 VA
29%
23
7V4
/
900
1,000
> i 300
41
*40'A
•
?
"
6
,46
:f
11,800
14%
40
?
60
14%
14'A
,
>
400
66
14%
8'A
700
'
5%
40 »/a
i
•
1,200
1
61%
'•
60%
*61
64
64
*4 J%
'141/4
.
14%
46
46'A
30
VA
64
14'A
*61'/a
5%
8 J/4
•'53/l.
i
*60
4%
4%
-
•:■>
1,300
14%
♦39%
*5'A
39
5%
62
j
100
4%
5%
v
8%
*8
39
*61 Va
f
800
1,900
101
14%
5%
15'A
14%
14%
'
62 Va
♦61 J/2 "66
66
4'A
4 V2
4 »/a
14'A
61%
J/2
900. A
1,200
,
33'A
v
*100 J/4
,
'
68;
"
|
■•'
400
•
,451/8
,67'A
67%
*100'A
-
62'A
-64
>•■'
•: 200
51
50%
50%.
23
101
•
139
139
50%
33%
*32%
33
33
100
100
140 :
i.
X 400
17'A
12
*45
•14 'A
Corp
Exchange Buffet Corp
*14%
60'/a
12 J/a
*61
Inc—
Ex-Cell-O
54% Jun
9
Eversharp
15 VA
23 %
67
•32 Va
4
Products Co
5
15'A
23?/
59%
14%
preferred series
Erie Si Pittsburgh RR Co.
Eureka Williams Corp
Evans
*50%
.
61%
common
5%
11% Jan
10
5% Aug*
20
*9%
Feb
108
Equitable Office Bldg
49% May 3
7% Mar 80
7% Mar 17
38
14
Johnson Corp common—28
157
51
61
ll'A
f
5
1381/2
140
.
16'/a -'16%
8
18
157
138%
•138
•48
.
21%
21
; 200
2,000
5,500
1%
21%
'*137
;
,15
23%
*65%
Mfg Co
preferred:
Erie RR
20% May 17
Mar 17
'
32% May
Jan
Radio &
4%
4% Jan
Feb
Electric
Endicott
50% Feb-11
Dec
12%
*45
Gas
*1%
21%
*154,;: 156
51
61
preferred
Natural
Phonograph
Empire District Electric Co
Jun
2
conv
preferred
Paso
Emerson
Jan
Feb
common
Emerson
15% July
Jan
Mar
67
7% May
Dee
M%
Jun
38
17%
5%
El
20% July
15% July
107
Not
5%%
74% Jun
Aug 19
Co
50%
1%
1%
1%
37
*35%
'
-■!
1,600
1,900
15V4
14%
14%37
';V
200
48
47'A
/ "48'/a
14%
♦35%
21
20 Va
21
6%
|
102%
*6'A
♦48
14%
37
1%
1%
*991/2
6%
'
"
48
r
14%
*35%
13%
102 Va
6%
;
2,600
13%
13%,
133'a
6%
51
140 1
*137
48'
•
61%
61%
*99'/a
13%
6%
*61
154
154
155
'
■
102'/a
'
37
20 J/a
21
20'/a
61%
13%
7
1%
'
*99%
13'A'
102 Va
1%
"
1%
24% Mar
Dee
20
*35%
Deo
47% May
500
89
36%
Electric Storage Battery
97
18
89
36'A
9
19%
17%
90
Convertible preferred
No pax
Elec Si Mus Ind Amer sharua—
10
66% Jan
Deo
18
*88 Va
14%
10
May
3% Dee
400
*17 J/a
48
11
27% May
61%
18
*6%
6%
47
' 10
90
•
*6%
,
♦88
14%
•
5
1,400
10,500
"
*17%
47
(The)
common
43Va
166
*60%
•14%
Boat
•163
'
61%
13"
*99%
102 %
*99%
166
17%
'
17'/a
*88
13'A
13
.Hi
t
;y
42 7A'
43
42%
*163
90
61
'
'
-89
89
49% Feb
6y%
42%
165 J/a
18%
*17'/a
123% Feb
-17
41%
165 J/2
60%
*59%
preferred
Elastic Stop Nut Co
4%%
41 Va
40%
*164/'/ 166
40%
40%
S
*164
Feb
102
44
21'A
16%
14%
1
2% May 24
9% Mar 18
10%
8.18
common
21%
16
57% Oct
46% May
0% May
63
188
preferred
4%%
Ekco Products Co
21%
15%
8
45
8%
Eaton Manufacturing' C0———«
Edlsou Bros Stores Ino common
4
22
15 J/4
Electric
Jun
Aug 11
59% Aug 17
11%
preferred—108
cumulative
21%
15%
37% Jun
22 V8
:
6 %
21%
15 J/4
16% Mar 24
•56
11
10
2
12
Corp——8
Eastman Kodak Co common——If
21%
Jan
138% Dee'
47
Feb
1% Feb
Jan
Eastern Stainless Steel
STOCK
EXCHANGE
-18
19%
Vi'A
s100
v3*800
^900
600
13,400
'
?
Volume
Number 4727
168
I
i
:
•:>
THE
COMMERCIAL
NEW
Range for Previous
$ per
Range since Jan. 1
Lowest
Highest
11% Dec
14% Dec
1L
32
42% Mar
35% Feb
May
Dec
42%
61
104
Feb
9
20
Feb 10
24%, Jun
l
26 % Jun
9
107% Jun
7
Oct
110%
Feb
X98
30
May
41%
Jan
30
13
Dec
17%
Jan
13 y* Feb
18
May
24
Aug
40% Deo
23% Feb
Feb
42% Jun
21
15% Jun
Feb
Feb
3
19% May
32% Deo
24% Feb 27
33 % May
26%
22
12% May
25% Jan
12% Feb 26
8% Aug
9
80%
35% Feb
13
38% May
11%
Nov
18%
Dec
77
Dec
;
5
22
39
Jan
Feb
Jan
■
-Fteb 18
8% Deo
17% Feb
10% Oct
*96%
22%
22%
*22%
23%
23%
*23
58%
58%
45%
46%
♦104%
105%
*104%
•57%
58%
*57%
58%
*57%
19"%
19
33%
34>
*99%
No par
31%
7%
lo
19%
A;' 19%
34%
34 Va
34%
♦100%
33%
14%
102
14%
14%,
14%.
14%
14%
♦14%
29%
29%
29%
14%
10%
10%
10%
10%
10%
10%
10%
37 Ye
36%
37%
36%
36%
36%
37
38%
97%
97
97
98%
99
96
98
*95 ;•;•:
33
33
33
34
23
23%
23
23
14%
42%
*14%
34
44 A
1,600
23
23
HiP
1,000
♦14%
15
15
*14%
:.
8%
8%
*8%
42%
42%
42%
*10%
10%
10%
10%
10%
10%
20%
21
21%
x83
83
84
84
21%
21
83
10a
'
•
10 %
21 %
84
21 Va
*83
/V
14%
14%
9 P»
9%
v/o
♦42%
43%
9Va
42%
X20%
1
33%
23
43
Fruehauf
180
34
22%
*42%
4
1,000
2,400
37%
97%
*33%
43
10%
100
10%
83
21
Jan
18% July 30
11 % Aug 17
Gabriel
10% May 22
Galr Co Ino (Robert) com
20
Jan
5
6%
Oo
(The)..
l
12
Aug 19
48"% Aug 19
17% July 21
Gamewoii Co
18
23% Jun
Gardner-Denver Co
9%
Feb
26% Aug
43%
Feb
80
Jan
5
14% May
10% May
23%
100
Nov
48
Apr
X101
Dec
9%
Oct
149%
Dec
11
Dec
> 8
May
71
Apr
A
37
Sep
23% Deo
Feb
Feb
13
6% Feb
11
Dec
18% Feb
Oct
11% Feb
13
Jan
99% Mar 24
88%
;102
13%
188
Oct
r
100% Jan
Feb
Jan
14%
Feb
Apr
1
9% Mar 17
9% Feb
34% Mar 10
19 % Aug
11
24
128% Aug 19
31% Mar 11
144
Feb
39%
Feb
34% Dec
45%
Jan
34
Aug
88% Jan
10%
Dec
43
May
Dec
100
Dec
160
103
Jan
16% Mar
*123
40% Feb
Feb
1*
118% Feb 25
-Feb
97
,
Feb 10
2
500
211/4^21%
17
Jun
Jun
2,100
30 P'i
;'"A PP'-PP
AA/C-'A?:???
83
8
8%
8%
8%
18%
18%
11%
11%
48
48
16%
16%
*16%
19
18%
18%
*18%
8'%
8%
8'%
•38%
39%
39%
8'%
8Va
39%
37
39
48
48%
1.66%
20%
16%
_JU)0
104
*102
♦38
21%
21%
16%
16%
*16%
10%
103
103
104%
51%
51%
103%
103%
*151
10%
10%
10%
*152
154%
154%
5
12
*11%
11%
No par
100
preferred
12%
12%
12%
*79
80
80
80
38
38
*37%
39%
*37%:-
19%
19%
*19%
20%
20%
Co
12
12%
*131
133
10%
1
154%
11%
123%
123/a
12%
80%
80'%
*79%
80'A
39
*37%
39%
*37%
39%
20%
*20
20%
130
130
12
;v
20
1283%
1283/4
*127'?:
39%
39%
39%
39%
393/4
39%
40
40
40'%
39%
40 Va
39'%
39%
39 Va
(
93
92
92
10 Va
10%
10'%
10
10'/a
10
49'%
49%
50
50
50
50
121%
121'%
•102
121%
104
121'%
121%
*102
95
*92
92
.
92
10%
131
50
-
49 Va
121%
121%
4*102%
,
120%
94
Dec
65% Feb
129
50% Mar
Mar
119% Feb
16
19
Dec
107%
Sep
93% Feb
17
99% Jun
13% May
18% Oct
19%
Jan
12% Mar 17
17% Jun
20%
Dec
10% Feb
13%
n
26
Feb
14
19
12S
39%
6,500
"
10
Gen
$3.75
Outdoor
General
Gen
Public Service
Dec
16%
Jan
11% Jan
22
15 % Jun
Gen
Public
31%
Feb
140
21% Mar 10
Feb
124
6% Feb
29%
Oct
22% Feb
Jan
25
Apr
Dec
35%
Jan
Apr
30
Feb
Dec
108
21% May
Gen
6% May 24
30% Jun 14
Gen
124% Jan
11
Febv13
110% Feb
13
23% Aug 11
22% Feb 11
Apr
40% Feb
98% Apr
24
29
May 18
128% Jan 29
May 12
4% Mar 11
36%
26%
3
6%
2
Aug 11
30
Dec
108
Jan
85
Feb
91
Nov
98
Feb
72% Jan 23
Jun
23% May
,^90,-
Dec
17% May
85
Dec
22%
Dec
61% May
6% May
share
6
21
36%
Dec
27% Feb
105%
Jan
90
Refractories
^102tVl04
ifSM
49
Feb
4%%
79
f
68
Sep
48% Feb 27
Feb
4
124
Oct
113
33
Feb
99% Dec
71%
106
Mar
Feb
18
47% Mar 16
94% Mar 11
July
41%
Dec
,61%
Feb
95
Dec
109
Aug
96% Mar 18
13% May
24
Jan
16% Feb
3
May
5%
Dec
8%
23% Deo
Oct
5% Feb 17
t
21% Oct
18
Jan
24
Feb
16
Mar
00
Feb
26
14%
Feb
>; 28
P\ 12
Dec
Dec
37%
Feb
17
Sep
34% May
49%
Feb
*
Dec
89
May
t
Dec
'29% Oct
V
':' 14%
Dec
9
July
92
Dec
4% May
"78
27% Mar
163%
70
v
r"
Mar 27
12% Jan
Feb
27
14
7%
10
Marie
Feb
18% Aug 11
Feb
Dec
Dec
5% Mar
85.
Feb
9
7
*12% Feb 11
44
Feb
76%
Dec
57% Feb
16%
Sep
14
39
47 % May 20
104% Jun
3
23% Jun
14
0
5% Jan
\\' 8%
V'
2
Apr 23
17% Aug
2
33% Jun 14
31
99
May 26
Jun 15
13% Jun
40
1
July 14
Jan
145% Jun 17
11
Jan 27
40% Jun
9
17% May 17
10
10
3
13% May 17
98
Jun.
4
25% July 12
9
97
*Jun
14
July 21
20% Jun
23
58% Jun
16
81
\ Jun,21
1%% July
0
Jan
81
''14
Jun
19%
Feb
12% Mar
9
Apr 10
is% May 22
13
Dec
19
Jan
13% Mar
3
X14% May 21
87%
Dec
112
Feb
102%
Dec
108%
Sep
19%
Apr
148%
Oct
7
28% May
27%
160
39%
Dec
Jan
Jan
79
Feb
10
Mar 22
X101% Feb
21% Feb
25'%
26%
26%
123
122
25%
*26 Va
122
10
35
89
Jan
12
107
Jun
16
24
27% Jun
146% July 30
27 % Mar 16
150% Jan
9
28
34% May 15
22'/a
24%
24%
25
26%
26%
26%
26%
*100%
'•
5
102
*100%
22%-t
22%
*26% '
102
23
125
*100%
102
*100%
*23%
86'%
*83
preferred
100
•78
81
*78
81
*78
81
$5
LOW AND HIGH SALE
STOCK
Saturday
Safety Razor
preference
Goebel
Gold
No par
EXCHANGE
(The)
com
conv preferred
Stock
1,000
102
51
51
119
10
No par
»» par
51
5%
119%
20
56%
56%
57
103 %
*102
♦102
43
42%
103%
Hoaiery—tjq par
20
57%
57%
103
103
*102%
43%
44 '/■
21
103%
21%
3%
7
43%
21%
-
21
103
103%
•
103 Va
-
4,400
-<
-c
300
-
58 %n
•
•
44%
12,000
*20%
21%
4
3%
3%
3%
7
*63A
7
6%
•
400
6%
21%
1
3%
3%
Granbv Conwol US & P
*_5
6%
7
Grand Union Co
_10
*15%
16%
*15%
16%
*153/4
16%
*15%
16%
15 %
15%
♦28%
29'A
28%
29'A
28 3/4
29%
28aA
283A
29:,/4
29%
■wis 600
5
25%
25'A
25'/a
25%
25%
25%
94
94
94
12%
13
.«;
200
No par
Granite
city
(The)
new
steel
Grant (W T) Ob common.
3%V preferred-.
Grayson-Roblnson Stores
$2.25
com
conv
r
.
pfd
1
No par
Gt Nothern Iron Ore Prop
Gt Northern Ry 6%
pfd
4
*6%
'
7
No par
No par
No par
iQft
Green Bay A Western RR
Green (H L) Oo Inc
•38
25%
94»A
95
13
12%
12%
*38
38%
-95
12%
*38
■
25%
*12-%
38%
*94
94
12%
'25%
25%
-V
38%
..
1393A
.
21
.21,
?
139%
*69
36
No par
14
413/4 ,42%
21
21
1
:
14
42
14
-41%
t
100
Greenfield Tap A Die Corp
—
'•
,
*94
38%
*38%
14
•38
*14
.
preferred
Grumman Aircraft
Sugar
preferred
-
72
14
21
.
36%
*14%
14%
11%
Yu%
97%
97%
413/4
f1
4
600
.
-
f,
38%
21
21
>
21'A
140
72%
140
v
c
: 21
*138%
140
*69
72%
:
Corp new
common
■
f
11%
11%
97%
19%
97%
10
1
$5 conv
No par
Gulf Mobile A Ohio RR com.No
par
05 preferred
No par
Gulf Oil Corp
25
.
20
19%
""
.20%
7%
'
7 A
*93
15%
*52
,
7%
94
16%
54
*
7%
80
72%
-
36%
*13%
14%
*13%
14%
100
11%
11%
97
65
.20%
21
2,900
'<■
7
*93
16 Va
800
,11%
11%
11%
*96%
98%
*96%
98%
20%
20'A
20 %
52%
*93
95.
16%
52'A
95
*
*93
95
.*<
:.
54
*52%
7
*93
,
16%
16%
16%
54
*52%
7
7
7%
16%
.
.
.
16%
*52%
95
5,900
,
71
70%
71%
703A
71%
70'A
17
17
16%
16%
16
16%
/
100
-28
♦33
34
70%
71
71%
10,000
16%
16
16%
16%
6,700
'
B Hig
Hacksnsack
Water
Hall (W F) Printing Co—
Hamilton Watch Co com
4%
conv
preferred100
Hanna (M A) Co $4.25
pfd_No par
Harbison-Walk Refrac com
No par
6%
preferred
100
Hart. 8ehaftner A Mart
10
*33'A
34'.-
34
*33
34
14
13%
13%
13%
13 Va
*13%
14%
*13%
14
*13%
14%
13%
13%
*13%
14
♦80
84
*80
84
84
*82
84
82
82
105
105
106
105
105
.*104
106
25
25
14
No par
*104
24%
•145%
*28
105%
24%
*33
243/4
149
*145%
30
•28%
34
243/4
149 I?
30
*33
*80'/a
*105
24%
25
*145%
149
243/4. / 25
*145%
28%
149
28%
14'A ' 14%
*13'A
V
=
23 Va
28%
1,500
100
10
14
50
„
1,900
m
V*
145%® 149
H*n 28%- 2%VzP
.
600
—'
c'B-B
■:PrPP
ill
f
i:
4:
v;i
.
17'/a
54
'
703/s
pay
,
I
15,100
96%
A
700
14%
7 '/a
1
r-
1,500
,
36%
*20
,
•.
*-
36%
14%
f
3,500
..
v
36%
37
11%
-
1,900
14'/a
21
^
140
*69
37
.
'
42 V8, .1 42%
42%
42%
; 69
36%
14
14'A
42 '/a
139
139% 139%
72 ■
*69
14%
*14%
,14
-
363A
100
Gulf States Utilities cn
VI
40
W'V
12%
j.
-V
.
2,100
„
95
12%
.V,
'
v.
■■
4%%
Guantanamo
900
"
Great Western Sugar com
a-A7 %
preferred :
Common
8,100
•
^^.100
com
3%
t
700
4
*20%
For footnotes see
page 26.
i
100
103
103
i
,
1,800
103'A
44 Va
44
20
20 Vo
*102'%
-
f
2,300
5%
120%
57%
103
j
|
300
51 %
5%
-
:
200
3,700
*19%
103'A
44
20 Va
*118
20'/a
58
100
23%
5%
120%
58
103'A
103'/a
'
5%
20
I
3,200
82 Va
*51
51%
*113
20
33%
23'A
23 Va
*51
Shares
92
20
for
the Week
*80%
81
23
120%
-
33%
*91
19%
19%
80
5%
5%
58
43
103%
20
19%
Sales
Friday
Aug. 20
92
52
*118
20'A
*20
2,200
86%
81
$ per share
33%
92
23%
*51
x5 %
20%
33
81
23%
119%
119
*19%
No par
No par
Graham-Paige Motors
5%
5%
100
Inc
51
23%
,;
*78
Thursday
Aug. 19
92
*80
23%
81
33%
19%
81
22%
<s
33
*91
19%
*80
22%
*83
•
S per share
$ per share
92
23 %
'
■
PRICES
Aug. 18
33 %
19%
81
22'/8
1
Telegraph Co
19%
19%
*80
50
Goodrich Co (B F) com
85 preferred
Goodyear Tire A Rub com
$5 preferred
Gotham
CLOSED
No par
32%
*91
92
*78
Wednesday
$ per share
32%
32 Va
*91
No par
Oo
Tuesday
Aug. 17
0 per share
STOCK
No par
0
Brewing Co
A
0 per share
common
Brothers
Goodall-Sanford
Aug. 16
com
conv
4Va%
Monday
Aug. 14
$4.50 preferred
.
27
86%
23%
30
3,600
*100%
23%
*83
400
•
25%
*253A
102
233/4
86'%
24'
27
124
263/a
26
10
1,400
*26%
25%
'Xi
500
26%
25 %
-
10,500
2,500
*123 Va
125
25
J
60O
5
*25 %
26%
*123
25%
26%
X
126
4%
26
26%
27
25
h
}'300
?
•
22%
♦124
4%
26
;J 2,600
•«.<
12%
22
126
4%
25%
124
24%
Greyhound Corp (The)—
5
91 % Apr 16
Jan
14%
103% Aug 11
15% May 21
21% Mar
Dec
May 21
50% May 15
23% Jun
1
Apr 10
29% Feb 21
12
26%
26%
•121
No par
100
Par
9
19
Jan 22
60
105% Feb
64
22 Va
c.
3%
*83
GUdden
Jan
15 Va
12%
;
400
420%
20
*3%
12 3A
*124
5
900
1,000
15'A
-
15%
86'%
Glmbel
86% Feb 11
30
132'
51
Deo
29
Feb
95
32%
•
Jan
May
"13% Deo
9y« Mar 16
35% Aug
6% May
31% May
87% Apr
V'*
11
33
May
20
133
Feb
107
Dec
9
25'%
4%
15»A
>
27,000
rC
r,v
15%
*83
Gillette
6
11
3% Feb 27
8% Mar
90
1
EXCHANGE
121% Apr 22
24% May 17
38% Mar 17
15% Aug 20
12% May
24%
12%
233%
126
*124
5
'
100
NEW YORK
>
AC
■
33/4
3%
*22%
23%
4%
/Tc 95
20:
.
*14%
33/4
13
12%
126
4%
20
20
15%
3%
13
23%
*124
19%
*14%
3%
95
*
15%
3%*
May 18
55% July 6
1
Mar 10
19% Feb
*143/4
r,
A3%: 64%
A121
121
.
95%
preferred
28
Mar 17
15
19%
24%
$6 pfd_.No par
__20
preferred
25
May 15
85% Jun
3
Apr 30
21
15
='
4%%
39 % May 21
96% Jun
2
17% Feb 14
Jan
Nov
Jun
Jun
13
*95
15
.
12%
23
%3%
1203/4
95'/a
15
125%
62.%
120'%
95 Va
19%
4%
63%
121%
95%
3%
13
*22'%
No par
$ per share
Apr 26
26%
7
3%
125%
10c
Gen Tire A Rubber Co com
17
May 12
82% May 19
t per share
Dec
104%
12%
1-
14%
=
15
3%
No par
100
General Telephone Corp
Gen Time Instr Corp com
Range since Jan. 1
Highest
$ per
30
19. '4 19%
•14%
5
Corp
__
Lowest
Highest
103
1
*14%
63
121
63%
121
95'%
STOCKS
Year 1947
Sper share
Co
10o
Utilities
Range for Previous
Lowest
Cement
General Shoe Corp
Gen Steel Castings
90
10
Portland
Railway Signal com
preferred
Realty A Utilities
General
101% May 22
22
88
62%
121f
:
♦
1
31% Jan 12
130
July 8
29% May 18
30% May
62%
.421%
96,_tf96
14%^ 14%v
Gen. Precision Equip Corp..JSo par
May
98
*120
No par
18% May 27
4% May 21
101%
V
Advertising
22% July 15
18% May
'
series
13
Mar
26
■P
No par
No par
2% Feb
Oct'
19%
61%
"
Preferred
*>
-1,400
410
'"12142-121%
121%
104-
200
1,900
49%
'
10
com
Feb
3% May
*
14
Corp
preferred
May
11%
1
11
•5
4%
Dec
2% May
•'
General Motoxa
Vi
26,700
10 Vb'
:>?
20
40'/a
10
•;
*90
300
95
V
*102% 104-
104
50
100
'
^
*1% Jan
400
6,300
20
38'%
49 %
100
v4-
"11%
12%
39V4
IQfl
': '
*11%
38%
•92
100
10%
*152
80%
10 Va
prwf#>rrwrf
10'A
154%
250
123/4
l
conv
1,100
1
11%
_No par
preferred
V
80'%
General Instrument Corp
General Mills common
3%%
52%
'
103%
52%
*101%
10%
f
2,000
16%
12%
No par
No par
1,900
*
103 V8
•101'/a
52
U
400
21%
103'%
103%
com
5%
21%
38 Va
No par
200
4,800 ? n
"
.
11%
.
133
*130
8%
16%
51%
*152
18%
"
♦102
10%
*152
154%
1,000
100
18 Va
16%
*102%
51%
103%
51%
*102
2,700
;,/?
17
*3»%V 40
21%
21%
'300
8 Vb
39%
16%
*103%
51%
103%
10%
No par
Corp
preferred
*
19
3,000
=
.
48%
*16%
8 Va
21%
16%
104
51%
5
common
21
21%
16%
.
1
com
5
No par
Foods
48%
16%
:!
100
8%
18%
12
a
11%V|
12
11%
11%
17
+PPPI
7%
8Va
18%
47%
8
*7% '
•
"
.
Electric
83.50
24
125% Jun
1st
General
3
65
*18%
18%
7%
•
700
10%
*82%
18%
11%
'
50% May 15
128% Jun
2
108
18%
ff
18%
47%
50
Investors
Baking Co
General
8
Jun
13% Jun
Maris
9
84% July
131%
Jun
*16'%
4%
conv 2nd
preferred
50
General Cigar Co inccom___Nopar
1% preferred
—,_ioo
28
96
2
4%
May 27
41
Mar 19
17
1
com
General Bronze Corp
General Cable Corp com.
2
Jan
43
Inc
08 preferred.
21
Jan
♦16
No par
pfd series A
General
44% July 15
33
8'%
18%
'♦7%
7%
*7%
'
July 14
Jun
8%
*18%
5
conv
$4.25
3
15
82
Dec
123
14% May
11
Apr 22
8%
18'%
General Amer Transportation
1
73
May
•
Jun
8 VB
50
04.50 preferred
May 15
May 12
7%
♦18%
par
Industries
General American
11% July 13
159
!
iTne>
preferred
Gaylord Container Corp
4
83% July
47% Feb
32
Dec
63 %
106
Wood
4%%
18% May 15
105% Jun 30
8% Feb 28
146
July
18%
6
Gar
May 20
26 % May
50% Mar 11
Dec
> 137
87
9% May 20
45
13
16
109
16
*7%
1
Gamble-Skogmo, Inc com
5% conv preferred^.—
12% Feb 27
22% Dec
17%
7%
20
preferred
47% Aug 17
12% May
14% May
4% July
7%
300
«iuu
:
>
P:
10% May 21
•
100
2,900
22%
22%
9%
1,100
V*
34%
*34
14%
*8%.
9%
500
15%
10%
;
60
'
30%
10%
97%
*8%
1,400
1,800
14%
*14%
'29%
37
*14%
100
33%
14%
:i
j
^
102
*32%
15'%
29%
'
19% ?4?A
34%
*100%
14%
84
6% Mar 16
7% Feb 11
*32%
29%;
1
common:
*100%
33
14%
__10
Co
102
33
32%
h -
,700
58
19%
35%
*14%
28%
No par
preferred
58
19%
32
800
105% "
19'%
•10%
Trailer
v,
:■•' 600 A;
•
,t
47
•104%
34%
Froedtert Grain A Malting Co Inc.l
cum
59
*57%
..; 47
35
5
4*
59
46%
105%
14%
10
25
Co
46%
*104%
14%
10
Sugar Co
Corp
58
28%
100
Stores
Freeport Sulphur
23% AA,
58
28%
;
1
(new)
pfd
conv
14%
23
101
100%
31%
47
105%
600
23%
*14%
No par
Corp
101
47
22%
:
p
2,200
4430
'
98
22 %
.
& 800
.-C %
.
58
58:
200
,
9%
*96%
22%
V'r- 800
27% ' 27%
:
98
19%
;
12% May 18
Aug
r'
46%
19
Franklin
1
27%
96%
22%
58%
27%
96%
*9 :;••••'
,
5,"700
38%
18%
18%
»'•',
Shares
14%
14%
♦38
9
27%
.
23%
58%
22%
*22%
14%
8%
27%
105%
Food Fair Stores Inc
May 15
ft,
98
24% Jan
77% Mar 29
6% May
18% Jun
22%
58%
*9
46%
Francisco
10
18%
*104%
Foster-Wheeler Corp common
6% prior preferred
47% Jun
22%
33%
cum
♦17%
14%
27%
♦96%
No par
3%%
Iff
9%
v.
9
27%
98
No par
No par
Food Machinery Corp
21
17%
I per share
38%
25
16% May 21
<
\17% Mar 12
103% Mar
Jun
*38
100
Carpet Co
FoDansbee Steel
15%
38%
No par
Stores
38% May 21
25% Jan
5
Mar 16
10
Jan
'
22%
58%
com
8%
27%
22%
Power Corp
Plorsheim Shoe class A
12
105
'
(The)
8%
*96%
10
Florida
12% May 24
47% Jun 14
24
89
July
17
Florence Stove Co
6
40% Jan
National
Firth
24
21% Jan
11
9 y. Mar 17
17
Plintkote Co (The) common
♦4 preferred
14
May 27
36% May 26
Feb 26
17%
100
preferred
First
*104
14% Mar 19
15% Feb
110*"
Dec
July 12
20% Aug 9
26
33
91
4%%
59 %
14% Feb 20
31% Feb 11
Jan
39%
Dec
;0May
convertible preferred
Firestone Tire 6c Rubber
14
♦17
14%
14%
39
the Week
Aug. 20
*37%
14%
Sales for
Friday...A
Aug. 19
S per share
$ per share
39
*8%
4%fc
$ per share
14%
27
Thursday
Aug. 18
39
No par
29
Feb
14%
No pax
Jun
May
Jan
19
PRICES
Wednesday
♦38
Federal Motor Truck
53
49% Mar 16
STOCK
SALE
•Aug. 17
t per share
Federated Dept Stores com
Feb 11
104
9 per share
HIGH
AND
Tuesday
Aug. 16
CLOSED
Felt A Tarrant Mfg Co.
Ferro Enamel Corp
Fidelity Phen JJlre Ins N Y
43
Monday
EXCHANGE
Federal-Mogul Corp
May 28
99
14%
.1
Corp.
68
'24
•
(755)
RECORD
Aug. 14
53% Feb 28
Feb-
21%
STOCK
Saturday
Federal Mining A Smelting Co.
99% Jun 15
62% Deo
•!; ;14% May
Fedders-Qulgan
3
V18% Mar 17
107% Aug
Sep
61% May
'
Mar 11
Jun
90
26% Jan
69 y* Feb
Jun
CHRONICLE
LOW
STOCK
Par
18
10
26% Feb
20% May
46% May
1
43
11
8% Aug : 6
107% Jun
39
lSVaJun
20% Feb
28% July
Apr
97% Deo
YORK
EXCHANGE
20% May 22
12 % May 18
31% May 14
9% May
19
YORK
$ per share
Feb 20
16.
16% Dec
?•
NEW
Highest
$ per share
$ per share
share
FINANCIAL
STOCKS
Year 1047
Lowest
&
A?
.
,
-
■f.
-V i
10
&
COMMERCIAL
THE
(756)
YORK
NEW
for Previous
4 per
4'per share
share
per
6
Feb
4 per
share
5
Aug
i
4
Jan
5
4%%
Dec
100'/a
Apr
71 % Aug
20
79
Feb
6% Feb
11
10% Jun
11
May
12
6% Feb
11
11% Jun
10
6
4% May
9%
Oct
Dec
35%
Jan
14
27
21% Feb
22
May
30%
Jan
90
Dec
103%
Apr
78
'35
May
Feb
*95
35% Apr 13
95 Va Jan 23
42%
Dec
Nov
68
140 Va
Dec
July
Jan
108
49 V2
165
Jan
7
10
63
Feb
Mar
121
Feb
38
Sep
Oct
134
Sep
114
20
Sep
Jan
•21
29%
___100
No par
$4 conv preference,
No par
Hewitt-Robins
Inc,
5
Hoyden
Chemical Corp
1
8Va% cum preferred:
:
100
Hilton Hotels Corpl——.i.
.8
Hinde & Dauch Paper Co
•
10
Hires Co (C E) The—1
1
26
Apr-
x29% Nov
14% Jan
'•
.14% May1
25% Jan
Nov
>
28 %
Jan
85
•J*
Dec
Dec
30% Jun 28
46% Jan
14
10
34% Jan
2
29 % Feb
85
Jun
12% May
21%
'
30
3% May
6
Hudson
'3
5 %
7
Mar 16
Apr
5
Hupp
13%
*12%
16
Hussman
27
35% Jun
24'
28
*12%
27%
28
2.700
4,600
34%
34%
31
34%
30%
30%
30%
30 Va;
30%
14%.
*14V«.
14%
14%
14%
14%.
38
38%
38 Va
31%
v
31
31%
*85%
88
*85%
88
*44
45
*44
44%
33
20
20.
i,; 39
*4%
4%
.
10%
3Va
Co___No par
*12%
13
*33
34%
19%
*19%
40%
40 Va
4 Va
*4Va
40
*40
'
.4%
4%
lOVa
10%
300
43%
44
,44 %
2,30 J
17%
14 Va
6,400
17%
17%
17%
14%
14%
14%
3%
3Va
3%
*3%
13 Va
13%
13%
32%
33%
37%
14 Va
3Va
3%
;
Idaho Power Co
*13
13%
33%
200
11
14%
14%'
13
700
*9%
17%: ' 17%'
',17%
•
300
40%
4%
44;
.
3%
•
20%
.
43%
"
.
-
10%
10%
44
,17%
14%
34%
8,900
19%
." 14%
17%
'3%
400
34%
'34%
*4% ;'
10%
43%: : 44%
..44%;
.44
44%
20 Va
■;
50
"
44
35 Vi
40
39
600
30%
88
*85 Va"
!
34%
34%
20
39%;
100
39
30%
31
30%
*19%
33
4%
'
900"
2,100
14%
*37
39
*37
45
*31
*9%~; 11-
;
13%
35 %
;
:
•900
3%
1,900
13%
300
32Va
*13
1,300
I
30
39% Aug
18 % May
30% Apr
32%
May
Dec
27% Mar 18
Dec
62% Feb
64%
37% May
42% July 14
90 f July
11
93
Jan
97
Aug
Jan
26%
Dec
24% Jan
97% May 17
95% Mar 16
15
■,
37% July 12
22
Jan
12%
17
July
3
25 Va Jun
.9
15% Jan
28
Jun
3
Feb
39
Dec
50
*35% May
12% Jun
17
11% July 27
Jan
169
180%
Dec
33
8% Feb
Sep
Feb
150
Oct
17%-Nov
12 % May
6Va
Feb
.42
Apr
•
,3
May
21% May
11
8% May 24
2
23% May 15
Va Aug
103
Mar
95 % Apr 22
7
Feb
2% Mar 10
—
3% May 18
16% May 24
*'
15% July
11 Va Feb
11
125 »/2 Feb
9% May
10
154% Jun
Aug 11
161% Mar 31
174% Jun
28
163
Dec
186%
Jun
Int'l Harvester
7
11
5% Feb
11
34%
Oct
23% Feb
11
38% Jun
9
76
96
Jan
74
Feb
9
Jun
.3
6
May
Dec
3%
10%
5%
Dec
25%
Dec
Feb
36%
Feb
Feb
38% May
137
Dec
59% Oct
94%
107%
130% July
Dec
Sep
93
5 % May
3Va Mar 16
1
28
99
14
May 20
Feb
9
May
16
Feb
Dec
116
Feb
89
Jun
28
Feb
52% Jan
24
64
45
Apr
37%
Jan
40% May
32
Jun
9% May
9% May
19
Apr
20
May
58%
45
Dec
39% Mar 16
63%
Oct
43
107% Jan
Jan
Mar
35
Feb
30
17%
Feb
17%
Feb
11% Feb
11% Feb
4
16% Jun
16% Jun
11
11
International
24
Foreign
Interstate
Feb
17 Va Mar
9
26% May 27
Oct
26%
22% Mar
1
35% Jun
27%
Aug
16
$6
6%
$ per share
13%
19%
Dec
24% July
Dec
80%
Feb
104%
53
39% May
$ per
1
10
6% Aug 11
6
19% Jan
May 27
82
Jan
39% Feb
18
May 11
11
Johns Manville Corp
Sep
92
Feb
13
46%
Oct
34% Feb
10
30
42% Jun
113% Jun
98145
Dec
Dec
11
34% July
Sep
i
100 Va Feb
20% Feb
19
Feb
10
112
Jan
100
145
Jan
29
33 Va Jun
106
158
9
10
3%%
3%%
Jun
11
Dec
39
Feb
29% Mar 16
37% July 14
Feb
83% Feb
6
93% Apr
4%
40%
Oct
31% Feb
11
43% Jun
1
22%
Feb
14
Feb 11
21
May 20
90
Feb
17
98
May
23% Feb
Dec
101%
25%
Jan
14
Jun
86%
3%
30%
Jones &
5%
30%
30%
30%
RR stamped;
i
.
i/4
30%
30%
137
136
59
59%
59%
96
96
97
94
Dec
108 Va Mar
16
May
:
il
29%
Dec
11
46% July 13
47% May
58 Va
July
48% Mar 12
13% May
18
Nov
14% Mar 17
'60% Jun 22
18 •
May 22
10%
10%
10%
93%
*90
91%
90
90
62
*60
62
*60
62
42'%
*42
42%
*91%
*60'/a
61
42%
42%
*34%
35
12%
13
13
13Vb
13%
*13
13%
13%
22
22
22
30%
*30
36
139
139%
*137
AND
6%
7
$ per share.
22
41%
34%
*28
*101%
*155
98
*41%
.
'
34%
36 V*
20% May
26%
Feb
20% Feb
20
26 Va July 13
Jan
22% July
Feb
10
13
Jun
1
36
Feb 13
17
49%
Feb
Dec
27%
Feb
19 '
Deo
39
116%
Feb
92% Feb
Apr
21%
103
•
Oct
21%
52% Jan
42% Feb
45
13%
41% May
11%
65%
25
90
Feb 11
May
20
Feb
21
11% Feb 19
Jun
85
Jan
63
May
Dec
38 Va
Oct
102% Aug
S 40
Oct
32
Juu
1;59
Feb
45% Feb
41
Feb
page
20
46
Aug 18
24
May 24
104% July 14
90 % Aug 16
Jan
For footnotes see
18
Apr
95% July 15
Apr
Oct
Jun
14% Jub
2
Jan;: 2
36% May 27
Mar
40%
-52%
i2
60
51'
29% Feb .11
45
•34
♦15Va
83
82%
82 %
43
43%
43%
600
97
95%
95%
-30
43
*96
98
4.3
,
1
"
*95%
*101%
170
170 '
26.
8
Feb 13
16
13>
75
39% Jun "r 3
58% July
8
47% Mav la
101%
*101%
103
160
34%
101%
*155
*155
160
34%
35%
34%
35%
90 Va
89%
89 '/a
89 %
89 %
37
36%;
36%
36%
36%
16%
15%
16
36%
*15%
16
*15%
90
*87%
90
90
90
40%
41
*40 Va
41%
39%
40%
54%
55
55
55%
55
15%
55Va
*53%
15%
*15'/a
,
16
16
16l/a
23%
23%
*23
24
23%
23%
19%
19
19%
*19%
20
56 %
55%
57
%
45%
45%
45
45 Vs
46
22
21%
19%
55%
*45%
46
*44 Va
45
21%
21%
21%
57 Va
*45%
40%
56
15%
23%
15%
58%
56%
57%
57%
59'/8
46
45%
45%
46
46
46
45V4
45%
45%
45%
900
21%
21%
21%
21%
21%
2,300
95
97
*19%
*95
97
13%.
*12%
14
*12%
13
*13%
67 Va
67%
67%
67%
*65 '
>65%
*65'/a
32%:
•32%
23
33
92
91
36
35%
53%
*5314
54
53
43%
44%
44%
44%
35%
36
52%
52%
53%
44
44
43%
'
120
'
13%
1
67
33%.
$ '33%
33
92
35%
36
900
34
'
32%.
35%
•>■ 90%
*65 Va
„
.500
18,800
20
99
93
97
>12%
"
700
24'/4
19"
>95
91%
900
15%
23
13%
91%
900
19
.
97
90%
60
2.800
42 Va
23
*12
32%
200
56
*53
*95
*65%
200
2,400
92
*87%
16
10
:
6,900
16
*89
40%
90
800
36%
36%
36 Va
200
89
*88
89
*88
f-
•
35%
35%
35%
40
*87 Va
—
Kimberly-Clark Corp com—-No par
4% conv 2nd preferred—,
100
Kinney (G R) Co common
!
1
$5 prior preferred,
.——No P&r
Koppers Co Inc common
10
Cumulative preferred 4% ser_,100
Kresge <S 3) Co
10
Kress (3 H) & Co
—
No par
Krotrer Co /The)
No par
29
28%
103
*155
•
5,100
107%
*28'/4
104
104
29
90
36%
*103%
'
107 %
23
103
*15%
36%
,
28'%
36%
36V4
36V4
35%
*104
34%
16 Va
1.400
22
*21
22
"
*89
7%
7 Vt
Shares
*82%
29
*155
170
Sales for
the Week
*21
*101%
103
Friday
Aug. 20
$ per share
83
25V4
2CV4
10
22
25%
*104 ; * 107%
104
139%
*82%
43
98
35
34%
,
43
*96/
1,100
*21
83%
83%
83 Va
•'
7'/4
71/4
7%
6%
7
*21
200
35%
*137
Thursday
Aug. 19
$ per share
Wednesday
Aug. 18
$ per share
21%
400
30%
SALE PRICES
HIGH
Tuesday
Aug. 17
share
500
22
35 Va
139%
*137
139
13 %
22
35%
35%
35%
7,400
*30
30%
*30
31
35%
13%
13
22
30%
36
13
13%
21 %
30%
600
35
61%
35
21%
139%
*34%
63
13%
13
*13
500
1,000
62%
*34%,
13%
36
*60
*61
21%
1,000
"200
42 %
41%
61%
35
*34%
13
421/8
62
62
61 Va
35
41%
*
700
*J.0V8
60%
104
6,000
59%
96
K
Furnitur.e
10
Kansas City Power & Lt Co-—
3.8% preferred,—
—100
Kansas City Southern com—No par
4% non-cum preferred———100
Kayser (Julius) & Co_;._
5
Kelsey Hayes Wheel conv class A—1
Class B
1
Kennecott Copper,—
No par
Kern County Land Co
—:
5
Keystone Steel & Wire Co
No par
120
59%
9G
10%
60%
*96
15,000
31%
137
*136
136
1,100
4
3%
92
82%
Kalamazoo .Stove &
85
*82
3%
10
6%
100
1
2,000
92
*20%
1.0:}
1,800
101/4
Aug. 16
CLOSED
7%
30%
95%
Monday
STOCK
190
7%
30 %
10'/8
42
$ per
96,734
29%
163%
951%
92
*137
EXCHANGE
1,100
146
29
10
36
Sper share
1,000
2,800
162 Va
85
30
*94%
2%
14 %
*3%
31
58%
58%
*30
Laughlin Steel com—No pa.'
preferred series A__
*136
136
57%
120
2 Va
7%
*82
3%
3%
13%
12%
100
series A
Joy Manufacturing Co
3%
136
400
8,500
97
12%
—100
2nd preferred
t"
58%
7%
19%
98%
30 Va
7Va
30
86
3%
136
1.800
v
145
29 Ve
164
*163%
30'/a
301/4
*80
86
*80
*20%
'•
20%
14%
145%
1
28%
71/8
7%
30%
30
30
61%
preferred—100
corn——No par
preferred
Joliet 8i Chicago
16
86%
cumulative
Johnson & Johnson common
May 21
151
27% May
1
Co
99
104%
Oct
(F I )
May 28
Jun
24%
7%
145
164
164
163%
7 Va
LOW
48
92% Jan
May 15
Feb
Dec
125%
162%
7VB
4,300
98%
*
2%
14%
29%
29 Va
29'/4
164%
2%
14%
145 Va
*144
*
145
28%
*34%
Aug. 14
Jaeger Machine Co common—No par
Jersey Cent Pwi & L't 4% pfd—100
Jewel Tea Co Inc com—No par
14%
1^
145
29
"
s
2'/a
14%
19
19%
99
14%
2 Va
2%
42
Saturday
STOCK
Par
Jacobs
v*/
100
19%
99
19%
100
___
44%
*7%
7%
*7%
7%
f
19%
*99
500
158
'
*7%
.7%
19%
60%
1
EXCHANGE
23% Jun 14
37
Dec
,
145
91
No par
$ per share
share
;89
108%
_
NEW YORK
*
Highest
Lowest
Highest
Jun
Stores
I
STOCKS
Range since Jan.
Year 1947
$ per share
"13%
10
—No par
No par
preferred
Range for Previous
Lowest
2%;
*95%
island Creek Coal common——50c
May 25
145
Dept
Iptertype Corp
14
39% May 20
18
137 Va Jan
ctfs
'
100 (f
2%>
4
'
57%
Telep & Teleg—No par
share
24
7%,
19 Va
100
30
.
*150%
158
19%
19
136
25
*150%
20
3%
25
preferred!
1%
Mar 31
71
70
44%
*81%
No par
Shoe
International Silver common
65% ■July 12
40
158
International
900
70
20
*29%
No par
International Salt
2
1*
Mar 12
29% Feb
143%
29
Jun
Jan
-
1,000
44
7%
Paper Co
12%
47%
*12
19%
163%
Nickel of Canada com.,No par
1
10Q
70
158
23%
47%
*69
70
*154
68 %
158
-
12%
44%
28%
1
2,200
23
47 Va
46
19%
7%
145
com—,—15
$4 preferred
No par
'Int'l Rys of Cent Amer com__No par
5% preferred
100
July 22
9% Aug 11
86
46%
44 %
—
International
45
19%
—
,
46V4
44%
2%
Preferred
2
64% Jun
42% Mar 17
104
46%
Int'l
15
139% July
2
Jan
4%
20
337/8 Jun
24% Mar 16
135
Int'l
23%
*12 %
19%
100
,—100
class A—25
Minerals & Chemical com
5
preferred
100
10%
1,200
19%
•
13%
2,700
10%
44%
7%
No par
26%
10 Vi'
44%
19
;V
26%
22%
12 Va
*150%
460
26%.
44
19%
J—No par
International Mining Corp—
22%
67%
67%
158
x44%
Int'l Hydro-Electric Sys"
24
9Va Jun
10%
12%
*45%
97 %
34
10'/a
10
22s,s
12%
45
300
*95
33 Va
26%
10
xl2
67%
26%,.
22%
12
*1501%
33%
26%
7,000
86%
33%
33%
*33
33%
.
39%
"85
.
97%
*95
10
10 Va
22%
45
<
•
22%
10
1
common
%; preferred
'
22% May
„
Int'l Business Machine,
14
11
x34% Jun
26%
12
Interchemical Corp co£i_^
5
4% %
preferred—---4%*.
100
Intercontinental Rubberi.,.^„No par
Interlake Iron
—,
--,~No par
8
Jan
33%
26%
20
Inspiration Consol Copper
Insuranshares Ctfs Inc_j
27
11
33%
22%
No par
6% Feb
108
Dec
Inland Steel Co
'
26%-'
;
1
July 14
15% Feb
18
100 %
46 Va
97 Va
33%
26%
J—5
Jun 25
160
10
34% Mar 10.
*95
*32%
,
No par
."—100
11
85
97%
Indianapolis Power & Light—No par
Industria Electrica De Mex, S A
Industrial Rayon
38%
85
32%
32%
37%
87
38
\ *35
*95 1
32%
*85
97,%
36%
85
♦95
;common„No par
Co
Ingersoll-Rand common
b%
preferred
76% Jun
Aug 11
66
„
56
10
Power
Illinois Terminal RR Co
11
9% Feb
20% Feb
Dec
30%
Illinois
May 26
•30
26% Aug II
11%
Dec
7% May
x21
13
33%
36%
85
38'/«
86
33%
36 Vi
.*—20
common—100
6% non-cum conv pfd ser A_100
Leased lines 4%
—J—100
RR stock ctfs series A
.-—1000
Illinois Central RR Co
1,300
*25%
13%
28%
86 Va
;
26
26
27%
,,
30%
30%.
13%.
•
2,700
•17%
30%;
34 Va
Si
.
16'/a
*12%
13%
29
16
45
,1
Refrigerator
14% Jun
25%
38
17.
i
12% July 19
*
32
*31
32
26
26.
500
10%
10%
10%
10%
16
16%
28%
1,000
81
,
*31
32
26;,.
v.
24%
*77
85
32%
6.66%
Corp,
•
600
•'•24%
43%
No par
:
10%
10%
*31
16%
.
•14%
Cari
81.
120%
r
*21% t. 21%
81
*77
81.
■
290
23%
86% ;
"'•4%.
Motor
Foods.Inc
*77;
*120
200
.
27.
»*26Va
21%
31%
43%
preferred—_—_100
Bay Min & Sm Ltd—No par
Hunt
8
.
23%
*85
non-cum
v
130
*21%
23%
39
——
Hudson
May 17
19
Co
Hudson
45% Jun 35
22% Jun 14
3
Feb
•7%
Mar
14% May
2
Ji
34% Jan 20
14 % Mar 17
14% Aug 13
Jan
43%
May
Howe Sound
120
21%
23 Va
*31
*38%
:9
120%
21%
10
126
*125%
.
2,100
53%
53
*38
5
& Manhattan" common,,100
.7
27
25%
•
13 %...
118%
Howard Stores Corp
Jun
,
•
1
Jun
23
47
9 % Apr
Feb
Oct
15% May
38% Jun JO
31
Jan
4% Jan;
13% Mar
7% May
Mar 12
22
33
Feb
7%
'.May
7
Jun
18% Aug 11
38% Mar
31 Va May'
94% Jun
46
20% Feb .11
Feb
29
Dec
Aug 17
38
28% ,Dec
13%
18% Jun
Oct
45%
Jan
30
com,——No par
$2.25 conv preferred'
.i-ri—50
Household Finance com
.No par
3%% preferred
100
Houston Light & Power
No par
Houston Oil, of Texas v t c
25
Feb 27
126
*26%
200
17
*16%
52%
150
145
*142
16 Va
>125%
*12%
.
*59%
60
145 Va
*143
26%
120;',
15% ,,<.16,
25%
..
30
13% Aug 11
100
*59%
60
145 Va
98%
98%
93%
.25%
15%
Houdaille-Kershey
60
99 Va
125%
..*31
35%
1
Sep
36
105%
14%
24%
9
420
'•
25
Homestake
24
98%
26%
*10% .11
!f; 32,; '■
'
32 %
35%
35% Jun
36
10%
?
.24%
11
Feb-*
Feb
*77
81
10%
*31
37
*36%
37
125%
21%
23 Va
23%
*36 V4
100
37
89
16%
52%
120
,*21 %
21%
23
*77
v
Holly Sugar Corp—•
,
10
Mining,,.—.;
——T12.50
Hooker Electrochemical Co
5
26% Feb
56
21%
22%
400
89
90
52%
26%
120
120
119%
2,000
'25
17%
126
*125%
'21
24 Va
*88'/a
52%
53 ;
•"..■26%
26%
20%
25
*16%
17%
u 52%
126
*25%
4,800
21
60
*16%
;
52 %
13%
42% Feb
Dec
16%
33
14
34
•.
17%
10%
20%
89
>143
145%-
8%
9%
8%
*3
*24%
*98%
60%
*60
*143
*12%
('A)_-__ji
Aug 20
•15 % Feb
Jan
37% May
*v3
Hollander & Sons
Jun
197/a
13% May44
20%
16% May 17
36
Jan
30
•
5
Aug|ll
12%?
Furnace
♦
'61
20
8%
200
20%
<36V4
99%
*98%
*16
5
5
(Del):—;
Holland
25
35%
2
•
29% May 20
48 y
May
17
1
37
1
lp
Oct
20%
25
2
Jun
86'/a Jun
19
21% Feb
31% Jan
21% May
-2
28% May 20
13% Aug
Dec
33
Jun
22 Va
July 27
27% Jan
•
99%
*125%
preferred—i
—
Hers'ney Chocolate com.
5%
10'
30% Apr
123 %
28 r Mar
37
52%
2
9
;10% Apr
14% Dec
'
37".
145%
.
6
79% Mar 22
•
Jun
10%
37
71%
24 Va
*88
88 %
200
6%
74%
10
20 Va
*24
88
*143
—par
No par
MQtorS—:
24
88%
*59%
25
—100
preferred
21
24
-
*98%
:
common
10
10
-21
24
*36
100
preferred
W)
Hercules
4
18% Mar
100
25
:
•:
9%
88%
Hercules Powder common
17
Feb
(G
common
non-cum
20%
*23%
share
*5%
71%
10
10 %
10
20%
9%"
y
,
Shares
6
*72
8%'
*8%
8%
%
8
8%
*8%
$ per
share
6
74%
*72 /■
74
74
6%
*6
6Va
$ per
share
$ per
share
*6
76
CLOSED
5
preferred——
cum
•*73.
"
6
—_15
—;
$ per
share
for
the Week
'
Aug. 21)
Aug. 19
Aug. 18 %
Sales
Friday
Thursday
Wednesday
Aug. 17
6
EXCHANGE
57 % Apr
Mar 22
•
7%
1
*—
Glass Cp—_
Co
STOCK
1
,__100
1
1
2
128% Feb
21
26% Aug
Dec
118
Helme
July 16
Jun
Corp
$ per
$ pet sliare *
par
Inc
common
(H J)
3.65%
22% May 21
Mar; 9
46
134
Heinz
May 28
14% Feb
Dec
29 Va
2
103
Co
tiecni
25
Jan
62
Sep
50 V*
126
Jun
153
140
Feb
Hayes Mfg
Hbuei-Atttt8
3%%
91
42
<9
51% Feb
Jan
22%
14 % May
Jan
;
•
preferred
Industries
Hayes
26% Jan S
27% July 12
Mar 10
X20
.•■■.-
..
of Amer class A
Hat Corp
10%
25
Aug. 16
share
7% Jun
f
6Va May
75 V»
Aug. 14
Tuesday
Monday
Highest.
Lowest
Highest
Lowest
s
.
Saturday
EXCHANGE
f
HIGH SALE PRICES
LOW AND
NEW YORK STOCK
"
Range since Jan. 1'
Year 1041
Monday, August 23, 1948
STOCK: RECORD
STOCKS
Range
"•
FINANCIALCHRONICLE
f
90
92
35%
35%.
35%
53
53%
53%
500
44'/a
*800.
'
:
1,600
-
92
91
•
44%
*44
.
2,800
1
168
Volume
THE.' COMMERCIAL
Number 4727
y:
Year 1947
9
1
Dec
•
44
56
12
24
Feb
Jun
'38
May
12
35
Mar 19
23
Feb
27
99
Feb
11
12%
Feb
10
44%
Jan
30% Mar
8%
Feb
3%
Feb
1% Jan
35 % Mar
25%
14 Va May
>.
5%
Jun
(10 %
'
8
29
.
4% July 12
2
STOCK
.,
July" 12
C__l
11%
*11%
11%
*45
47
*45
1
*26
27
*26
27
*26%
*38%
39
39
*38%
40
*24
24%
*24
24%
*96
97%
*96
97%
3%
Jan
20
26%.Jun. 14
1—1
Corp__
j-',) '
5
47
May 14
13% Jun 10
70 V* May 24
Link
Belt
24% Aug
35 Vs
Deff
55% Jun
11
Lion
Oil
19 % May
30%
Jan
28% Feb. 11
17% Aug 19
23% Jan
9
109%
Feb
78
78%
Dec
10% May
18% Dec
20
17%
Dec
Dec
13% Jan
3
Feb
15% Feb
27
20 % May 21
Feb
57% Feb
28
68% Jun
Oct
19% Feb
27
30% July 15
18
»
21%
Jan
19
6
Jan:
21% Feb
11
38 % Mar-16
Oct
20
Feb
92;
Mar. 17
Jan
.
29%
.'53
29%
Dec
Feb
Jan
Feb
172
17% May
(93
11'
Feb
28%
Dec
<39%
24% Jun
141.
101% Aug
26 % Oct
.
13% May
*
14
79%
!
Apr
<21%
Jun
85
Aug 11
27
58% May
12% May
137%
:
Inc ;__J
7%
Loui&ville
Gas
50
Louisville
A
May 15
35% May 15
98 % July 14
Lowenstein
8
Lukens
MacAndrews
4Vz%
(M)
500
48%
2,000
10
9%
9%
47%
47%
9%
10
9/8
*9%
8'%
;
*8
8%
V
400
23%
23%
23%
23%
24
24%
25
52%
53
51%
52'A
52
52%
52%
53%
9%
10
9%
9%
9%
9Vs
9%
9%
*36%
37
*36 Vs
37'A
*36%
37%
37%
37%
100
90%
89 Va
90
89
90 Va
2,400
168%
250
90
42%
10%
90
169
169
90
169
169
*40
''a
'
169 %
42%
*40 Va
42%
169: '
169
*167%
42%
*40%
.
3.400
2,000
V",
3,300
42 »/s
*40 Vs
'
11
10%
10%
10%
10%
10%
10%
lOVs
66
65%
65%
65%
66
64%
65
*65
43%
44
44%
43 aA
44'A
*43%
44
44
44 Va
17%
•18
43%
17%
18
17%
18
17%.,
17%
17%
*65
*75
♦75
80%
*74
79
17%
*74
79
lOVs
I
79
2,700
66
*73
800
V
-.
650
1,800
79
23
.
21
20%
21%
21%
22%
21%
21 Vs
22
16%
16%
16%
16%
16%
16%
16%
16 %
17
61%
62
61%
61%
63
63
63
63'A
27
27
*27
61%
27%
62%
^No par
27%
27%
28
28%
29 Vs
900
20%
*20%
207/s
2,300
110
1-100
-
20
& Sons Inc
com
20 Vs
20%
'20%
20%
153
24
24
24
24%
24
24 V*
24
44
43%
43%
44
44
44%
44'A
1
27%
27%
i.___100
*97
27%
97
97%
*19%
10
153
20%
*150%
'
97%
9,000
*1,200
153
10
237/B
24
V 2,100
44
153
44 Va
1,100
*150%
28 Vs
"
97%
20%
*150%
11,100
*20%
28
28%
3,700
97 Va
*96
97 %
*96
97%
80
21%
27%
28
Va
*20%
153
20%
24%
44
'50
Co__
27%
20%
153
*150%
A—No par
pfd series A
cum
Steel
800
8%
43%
43%
16
Nashvillei.—_'
24% Jan
11
*8 V
8%
47%
20%
-B_
& Electric
'
"c
•
24%
24%
25
24%
1,000
5,200
63
_No par
Corp_
preferred—
24%
*41
63 V
23%
*40%
5
.--—No-par
Long Bell Lumber A
L
1
Lorillard' (R) Co commonl
Jun .22
*41
9%
*166%
No par
No par
4,
Cement
24% May 19
19% Mar 17
<.___
Co__l_
Lone; Star
21% July 29
158
;
■_<
63 "
2,000
4
23%
9%
Liquid Carbonic Corp torn
No par
3 % % conv preferred
s.
ICO
Lockheed Aircraft Corp__
i_J
1
Loew-s
:
4
Corp
3%
52%
90
Co__L
3Vs
■
,
52
90
Lima-Hamilton
3%
3%
2,900
6%
23%
8
10
14
Fob
8% Feb
36
•6%
3%
48%
V8
37
55% Mar 16
37
Oct
12Vs
35%
6%
*24
*36
Dec
Aug
.
12%
12%
35%
8%
1_5
174% Mar30
12%
*6%
24V8
Life Savers Corp
63
X48
July 20
12%
8%
47%
2
Jan
100
400
96 Vs
35%
*24%
91
Mar 12
165.
24
*95
6'/a
25
38 % Jan
31% Mar 16
40
24
*38%
24%
400
'
Lerner Stores
1
40
96%
24%
*95
12%
25
Corp.™,
-—-No par
Libbey Owens Ford Glass
No par
Libby McNeill & Libby-1_____ 1__7
56% Jun
13
200
26%
*38%
97%
*41
10% Apr 12
Mar 18
82
Prod
26
34%
63
10
Fink
&
27
1,000
47
34%
*41
10
96%
.
37/s
*11%
%45
11%
47
12%
63
Lehn
May
,
3%
19 Va
11%
3,600
.7%
19%
*26
..
Sharse
5Vs
*7%
7% 'V
*6'A
V
*41
pm.erred_i.__—50
May. 20
Oct
Apr
6%
3%
12,
8%-Feb
191% July
12%
5%
57/s
19%
11%
the Week
,
*45
•
24%
24%
*96
34%
6%
v.'7
8%
40%
Dec
6%
34%
12
34%
6%
47%
% Mar
10
12%
11%
34%
8%
16 Vi Feb
47
39
i__3
cumulative preferred—:100
11%
-
-
7%
19%
26%
47%
•
*
47
5
__
5%
.
7%
19%
11%
47
$3 non-cum 1st preferred—No par
50q non-cum 2nd pfd—-No par
Lehman Corp (The)
(A:
__1
1
©Vs Feb 24
*
Aug. 20
t per share
$ per share
5%
5%
*7%
19'A
8
*11%
May 15
46
33% May
5%
Salts for
Friday
Aug. 1!)
I per share
19%
10% May, 12
Feb
,
5%
*6%
19%
8
56.
Feb
Dec
5%
19
Apr
1
t per share
*45
—
& Sons Co com
Thursday
Aug. 18
19%
-
*6%
*19
CLOSED
Liggett & Myers Tobacco cora__—25
7%: preferred
_L1
u
TOO
Lily Tulip Cup Corp
i—_
_No par
169
5%
EXCHANGE
25
Jan
25
26 %
$ per share
Lehigh Coal & 'Navigation Cp-1
10
Lehigh Portland Cement_l
—25
Lehigh Valley RR__
L.i*
-—--50
Lehigh Valley COal com
v—!'•'
37% Jan
9'
8%JUn; 24
Mar~30
11
'78
13% May 22
9
PRICKS
Wednesday
50
Co
(James)
3.85 %
BALK
Aug. 17
5% Jan
59%
May
■
Lees
I per share
No par
common
preferred
Rubber. &z Tire
Bee
.
par
Aug. 16
41% Feb
Feb
24
■i
17
May
46% May
•
19%
Feb
50%
.
Dec
16
Bryant
Non-cumulative
9% Feb
,•
38 Va May
Jun
.11—No
HIGH
AND
Tuesday
Monday
21
(757)
'
Aug.'14
Light Co,.
__4
pfd__-75 Pesos Mex
jThe)_.
Lane-We.ls
35% Mar
,
Saturday
*
6%
Co
4 % %
47
4% Mar 16
lS/8 May
•/
Lane
May 18
26% May 28
31
Jun
,3Q%
Lambert
53% May 17
2J% May 6
95% Jan
Gas
La Consolid
14% May 15
27
4'/a May
9% May
<
Laclede
5
Feb
30 %
101
Dec
Apr
'Mar 24"
Apr
56% Feb
j
21% May
95
47% Jan
25 % Aug
49'/a
CHRONICLE
LOW
STOCK
Par
6% May 15
12
12"
9% Mar 12
Feb
YORK
EXCHANGE
S per share
11
7% Aug
18 %- Aug
14%
May
4% Feb
Jan,
Jan
14
Dec
10
I per share
Feb
7
4% May
NEW
Lowest
$ per share
I per share
"20a/8
Range since Jan. J
Highest
//V
Highest
Lowest
FINANCIAL
STOCKS
Range for Previous
•
&
*20%
21
*20%
21
28
28 Vs
M
34
Mar
41
Nov
152
Nov
36,
"
_30V»
May
99%
Dec
'
9%
25
11
525
Jan
14%
Feb
Feb.
24 %
May 20
16% July' 6
525 '
Apr '23
7
Mar
6%'
Trucks
Jan
7
19% May
27%
"
.
_
10% May 21
13% Jun 28
Mandel- Bios
26
Manhattan
10
14% Jun '22
18% Mar 18
25% May 17
6% May
8%
Feb
May
'16%
Dec
15:
34%
Feb
22% Mar
97%
Dec
14
6% Feb
111% July
20
Marine
6
103%Jun
Jan
14
Aug 11
22% Apr
Oct
15
Mar 16
19% Jan
16
16
47
69% July
9
Martin
,
-
63 '/a
Jan
26%
Nov
19% Mar
35%
Nov
27% Feb
Dec
190
39% May
Jan.
106
85
Dec
170% July
Corp.:
Corp
Masonife
Master Electric
39% July 29
Mathieson
82
Dec
_1
15%
62
62
21%
Jun
3
18
*87
89
77% Aug|13
85
Jan
13
$3.40
*77 %
79%
12 % May 15
43% Jan 21
Maytag
38
Jan
110
9% Feb
11
Mar 12
$3
9
$6
41V2 Jan
11
pfd
cum
common—!No
Co
12
ft£cCail
1st
preference.
Corp
STOCKS
NEW
Range since Jan. 1
Lowest
t per share-
t per share
33%
Feb
25
Feb
11
Dec
107%
Feb
88
Jan
5
35
Mar
45%
Oct
36% Mar 12
42% Jan
24
May
32
Feb
23% Mar 17
31
46
Dec
56%
Feb
45'
52% May
44
-Jan
30% Mar 17
Jan
Stores
McCrory
3V2%
Corp
Pub
1
cgm
105%
Feb
87
35% May 15
98% Jun
2
25%
Feb
18% Feb
24 Va Jun
9
McLellan
31%
Feb
19
24% Jan 12
23% May 25
Mepd
23%
Dec
Oct
105%
16% Feb
20
'May
80% Mar 24
96% Jun
36% Feb
20% Feb
27
16
14% Feb
11
19% May 15
5%
Jan
12% Jan
28
62% May 15
18% Oun 24
47% Jan"
111% "Aug
35% May
Dec
12% May
.<18% Mar
48%
33
Apr
29% May
136% Jun
110% May
6% May
15%
■
47% May
i
.
13
36
94
95% jun
'
13
104% May 25
Fen
11
19% May 27
11
69% May
35
Mar 16
129 Va Feb
48 > Jun
11
12% Feb
27
140 aJun
Feb
16
9% Mar 17
14
43'A July 19
88.
July 21
54% Mar 11
Dec
102 %
Dec
99
15
123
,
,32%.May
May
51% .Jan
.
13%
49% May
Feb
78
:
4 & Feb
10
11
Feb
11
Feb
128%
May
Feb
15%
24
<
Dec
i
17
-May
19% May
17% May
14% May
July 14
14
9% July 13
34
44
f
'
.
July 1,3
Jan
^5
15 Va Jun 24
29% July 6
24 % Mar 11
49% Feb
102
Feb
11
61% May 17
64% Peo
10
122 / May 15
112% Apr
.6
Merck
:
47% Mar 16
!
Mm
&
Co
&
$3.50 cum.
8% ; cum
1st
Minneap
i& St
Minn
P
St
Apr
10
May
16
Imp!
*110V4
111%
27%
27%
28
28
AND
*110
27%
-
HIGH
SALK
Aug. 16
*110
79%
*77%
*10%
40%
page
11
*110
27%
140
Monarch
$4
*96%
31
31%
Va
27%
27%
1,300
Friday
Sales fsr
Aug. 20
Thursday
Aug. 19
the Week
32%
32%
*32
47%
*47
600
*4.7
*97
7/s,
473/4
27%
*47%
•
400
28
28
48
48
48
100
32'A
700
32%
93%
93%
*90
93%
*90
93%
*90
93
100
_1
22 Vs
22%
*22'A
22%
22%
22%
22%
22%
23
23
900
20
*18 V4
19%
*18%
19%
*18%
19%
19%
19%
300
18%
500
32 %
10
*18
No par
32%
32 Vs
92%
*36%
40
:_1
22'A
T
*90
92
*90
92
*90
92
*36%
40
*36%
39%
*36%
40
22%
22 Va
22%
16
16%
55%
*53%
56
16%
16%
16%
16%
16%
17 %
17 Vs
*9%
10
9%
9%
9%
9%
*9%
10
800
603/4
60%
1,600
60%
*60%
61
89
89
*87%
91
*87%
91
24
*23
24
*23%
24
42
42
42
42
*42%
42%
500
97%
97%
98
99
*97%
99%
190
23%
*41
42
41%
97
97
97%
16 V*
16 JA
16 >/*
16%
53'A
55%
41V*
55
135%
41'A
*135
136
135 7/s
11%
*11%
11%
11%
46'A
46'A
46%
47
11%
47%
1,200
1,900
90%
91%
90%
91
90%
220
m
68
68%
68%
68%
68%
700
Wm
45%
90%
68
100%
*100
15%
15%
101
16 Vs
119
56'/a
7%
29
29%
36%
37
119
56
120
57
7%
,
29%
7%
30%
29
15%
120
r
56
•JS
101
46%
46
91
90%
69
68%
*100%
101
16%
15%
120%
121
56%
56%
7%
7%
29%
37%
38
36V«
14
*13%
27%
53 Va
53%
37
13%
*25%
17%
17
16%
121
56%
77/s
340
56 Vs
55%
29 Vs
7%
ilt
2,400
6,700
8
30'A
11,400
soia;
900;,
38%
38%
if'"'.
7,800
| 121
30
38
149
101
101
121
30'A
13%
52%
*26
53'A
53
53%
14%
14%
24%
___L____3
*14%
15
No par
*26%
27%
__5
19%
20 Vs
—l
19
19
L_—_1
28
,_5
,
46
91
*68%
.
...
13%
*27
*24 Vs
No par
*100
*367/s
*13 V4
No par
preferred™
10 ;
11%
90%
Co-___No par
b____5
Munsingwear Inc
300
136 ,;
11%
27£
53
109
common
*134%
1.700
109%
Corp
*134% 136
13V*
*106 Va
Brass Co
Mfg. Co.rp
135 Vs
13
*108
Corp
4,500
16%
16%
13%
45 Va
7%
56%
42 Va
54%
*13
11 Vs
56
2,100
55%
52%
*16%
*41%
V4
105%
*12
•.
13
11
15%
167/s
55%
43
of'ooo
xfm:.
M
:
1
13
12%
11%
*117%
*41%
43
135%
100
13
13
100
*97%
56
.
13
*67%
60%
16 Vs
54
42%
»:
200
42
91
'
1,300
2,200
*23
61
23%
16
2,000
*16
*53%
.60
53%
23'A
16%
55%
*87%
*40%
23%
16%
*533/4
25%
cdm_—r._5
16
':'f f'
y«
55
91
No par
22%
of
10
16%
16
60
No par
22%
16
22%
16
2 2'A
*23'A
.
18%
13%
18%
40
*87%
—-^10
18%
18%
32%
32%
91
*36%
No par
60
*32
*90
91
19
*91
18%
32%
94
32 Vs
18%
*18'A
100
_50
108 Vs
Inc
W-:
900
27%
*
18
com.:—1
Moore-McCormac.k Lines.^
(John) & Co
Ti
ff®
Shares
33
.
47%
108%
6
32 Va
*46%
108%
Wheel
share
$ per share
98
CLOSED
*106%
Mullins
< per share
38%
EXCHANGE
par
&
1,::
lllVa
*37%
preferred series A___No
Mueller
t per
32
31%
pr«lorife<J series ' B—___No pay
Montgomery
$7
*31
■
100
*97
No par
Machine Tool-—
Monsanto- Chemical Co
$3.25
I per share
I per share
STOCK
ri
100
397/s
397/s
53%
'W-
29%
106
12 V4
53%
15
*24'A
54%
15 Vs
25
*106%
108
54%
15
*24%
53%
53 Vs
53%
54
2,600
108
100
200
*106%
109
108
108
*106%
55
15
25
15
27%
27 Va
27
27
19 Vs
19%
x20
20
105%
25 Va
*106%
15
*12
13%
25%
108'A
15
29-
13%
27
108
15
*19
13Vs
27
*13%
,
54%
15
,
15%
16
26%.
27
*19%
26%
19%
19 %
29%
29
29%
29%
30.
20
30
12%
*105
^
12%
106 /
12%
.y
H-li
,
*12
*
i-
,
%?'%■:
106
-
400
19%
30%
*105
<
'
:"Tf;
1.800
'
27
'
*19%
20
19 Va
*12%
2,900
15y4'. 15%
19%
*105 V 106
■V.
4,800
15'A
I ' \
ff
25
19%
12'A
300
547/s
15 Vs
*24%
25
19%
105%
800
<
108
54%
54%
15%
*24%
*rs t"'11'
For footnotes see
90
79%
11
900
89%
89
PRICKS
Aug. 18
Aug. 17
*88
*87%
111%
27%
28
Wednesday
Tuesday
Monday
10%
111 Va
>
*89%
88
98
com^*No par
preferred series A_T—.—.100
Mohawk Cai"pet.Mills
'
__€0
"Mojud Hpsiwy Co lnc—7—_i._jL.25
'9
10
111%
42 V*
38%
7%
Motorola
10
*110%
—t_-__Nq. par
L_i_
10
Mission
Corp__
MorKan-Texas RR
2
1 Jan
40%
pfd_100
Morrell
14 V2 Jun
108
*11
*39%
,___5
L—-
$6.50 preferred—
Motor
11% Feb
*39%
11%
40%
No par
A :vtc.
preferred >__
Minn Molfne Power
23
100% Mar 31
*77%
37172 Va
42
•
*97
Ry„i__No par
Louis
$4
*
Nov
*77%
700
*169
41%
*37
Minn-Honey well Regul' cqm__„__l3
3.20% cony, pfd series Al_J___3L00
&rMfg__
No par
Motor; Products
15%
172%
79%
88%
36%
37
•
41%
*169»
41%
277/«
Ne par
pld__——___•
100
& S3 M
29% May 27
107% Mar
*36%
' 37 Vs
172 Va
41%
98
common—
'
102%
*169
*11
f per share
■K;
400
2,300
37%
Minn Min
9
May 2.7
'
*39 Vs
U
22
i Jun
*36%
37
42
11%
Co
Mid.-Confanent. Petroleum__
Steel Pfod; com___
Midland
20% Jan
33% July
62
22
27
Mlaml-Cnpper.
Oct
24
%
21%
*61
37%
preferred-;,
Inc
27%
19
62
21%
27%
s,eries/^
preferred-.—
18% July
Mar 17
62
21%
*77 Vs
10
23
Feb
61VA
22
88
*9%
11% Jan
19% Mar 17
61'A
Va
21
*88
16%
Nov
19 V
3,100
1,100
88%
16%
14%
16
15%
16 Vs
89%
Inc——,_3%
Transp Co
.'No par
27
Feb
15
16%
98:
series)—
Stores
May 21
17% May 15
Oct
15
16%
*88
*53%
Mar 17
Mar
14%
16%
89%
55%
Mar 17
27%
15^
16
88%
15%
13
25
100
14%
88%
*53%
23
27%
260
1,400
16
*88
1
Dec
*
9,100
'
15%
172%
50
1st
Dec
;
99
38%
;
(2nd
17%
Jan
25
99
27%
com
Merritt^Chapman Se Scott:
Mesta Machine Co__——
Metropolitan Edison 3.90%
"
65
'24Vs
*96%'
Corp
(The) common_l__
Co
cpnv
Merch
-
Inc
Co
(1st
27%
May
9% May
t
73% Jun
*'
34% Mar .17
9:
17
18% July 13
121
11
13% Feb
3
May 17
105% Jun
105% Mar 17
49
"
*
63%
110 % May
42% Feb
Feb
32
:
July 13
98 -t May
10% Mar 16
Feb
17
1Q
56% Apr 21
-
111% Mar 11
Feb'
25%
23%: Sep
1 2
Oct
a
;
•:
Jan
Dec
-
56% .Oct
' May
k'
^
5
'
Deo
»:•
7
15
'
.
*37%
'
Feb
Jan
30
38% Feb
Jan
May
15
44% Jun
Feb " 6
70%
7
23
27% Jun
,
Mar 10
66%
,<28% Mar
3% May
11% May
yi-
10
.114%
104
8
11
Jan
Apr
51%
i.
Nov
14%
"
84%: Dec
99
Dec
45% Nov
'156
Mar
^
x
44% Feb
88
17% Feb
Jan
103% Mar
Dec
99
k
100
7Vs
17Vs
No par
pfd
Mercantile
50% May 8
63% July 13
..
♦'
r
<
27%
Shoe
Mengel
10
19%
May
97%
Melville
2
52% Feb
119% July 16
25%
'38%
Mines
Robbins
Stores
4%, 2nd
Feb
65%
&
4%pfd
8
Jan
.
*99
6%
17%
99
25 Va
17Vs
7%
17 Vs
24%
*
17 Va
700
1,700
JJ22V2
98
Nqrris Mfg Co___
Corp common—
73
13% May
83
Jan
25
.
"22
37%
preferred
24%
■
~43%
S4
46% May 28
25% "Jan
16
May
55% May
27
Feb
Feb
50
'
100
2,500
.27>A
100
___1
Mc-Quay
5
'
7%
17 Va
*25V«
iq
__No par
Co_—1
Mclntyre Porcupine
1
Dec
H
Aug 13
■SV;
21V4- 21% "
21%
41%
LOW
Electric Co
McGraw-Hill
17% May
21% Dec
Jan
*20%
21%
ri©y«
*10
!
600
10%
10%
21%
10%
1,200
-
9%
9%
*20%
10
1,800
580
*500
9%
*10
40%
*11
13%
580
9%
10%
*39%
Aug. 14
preferred-..—
conv
McGraw
15
May 15
McKesson
-■
13%
*500
9Va
100
Va': 19 Va
13%
13%
22
62
'
*169
41%
Saturday
Par
36% May 21
101% Jun 14
23
19
'
$ per shate
May
172%
;
STOCK
YORK
19%
79 Va
11V4
par
EXCHANGfe
Highest
41%
No par
!No par
No par
-
cum
*169
No par
preferred
Jan
112
16
26% Aug
Jan
Apr
.
common
19%
14%
Va1'
36%
88
Jun
$3.75 preferred
No par
$3 75 cum pfd 1947 series—No par
88
93
Highest
Jun
36%
93
Jan
48%
16Va May
*36 %
par
.100
5
'
—
May
19%
13'A
700
127/s
'
6
Feb
82
40%
21%
84
Year 1947
88%
*61
,_1
•_
*12
7,000
35
102
*20%
17% f
25 W
H00
21%
No par
Co
12Vs
'
84% Mar 27
176
6
Range for Previous
87
14
14%
15%
26
Nov
113
30% May
*99
14%
15%
20
14 %
$ per share
196%
*12%
T
17%
25 %
Jan
50
Lowest
*
12 Vs
21
1
Chemical Corp._'__No
T/c' preferred
Dept Stores
*99
*
34 Va
*1007/s
*10
10
6%
7
17 %
25
47% Apr
Aug
97'/8 Mar.
35 % May
7
24%
34%
101%
*9%
10 Va
22
21
No par
Martin^Parry
27% May 20
4
21%
37
137
20%
20%
34%
580
*500
9%
9%
35% Mar 16
100%
108% Mar
11
11
1
10
17%
100
Co—
*20%
'Feb
Dec
Jun
Feb
Corp^—^1_^_____5
L)
*10
21'A
9%
*36%
*132%
20%
101%
102
13 "A
580
10 %
Feb
49%
88
7% May
%
(Glenn
*500
9%
21
6.25
4V+W* preferred
19%
580
9%
St Ry 6%
prior Rfd_^_l;100
Marshall'Field & Co com-—No par
9
24%
Midland'
<20%
13%
10 %
1
^
*19%
12%
21
Market
Jan
18% July
24
1
Marathon Corp
May 20
8 / v
4
97
24% May
42
Exploration
*12%
*9%
—_5
r—_•
*100%
*11%
101%
12%
12%
*12%
20%
34%'
34%
35
12%
*500
____lNo par
—
Shirt
Maracaibo Oil
,
17 % Aug 16
29% May 18
20
Feb
34
May
14% May
'39% May
175
7
*
22%'May
9
Jan
34%
*100%
20
*11%
19 %
Mandti
17
35
102
*34 Va
37
138
*36%
21
20 Va
21
1133
138
*133
138
20%
37
*36%
37
*133
20%
*100
Mahoning Goal- RR Co_r___l____50
Sugar Qo—_——_^1
Apr 23
4
*36%
37
138
20%
Vi*7<>
5% Feb
Feb
="36%
*133
5
Co Inc co'm_T
-No par
pfd series
100
Madison Square Garden—;
No par
Magma Copperl—
10
Magn'avox Co (The)___—i___
1
4
20% Feb
Dec
10
—
newv common
'
3 %
'
Forbes com—
Inc
Macy. (R Hf
*
8% Mar 16
,
&
preferred—™
Mack
10.
39% May 27
103% Jun
4
15% Apr 12
5
9% Feb
Dec
32%
Dec
40
12
X16% Feb
12%
Dec
22%
Apr
HVs Feb'
Feb
500
May
27
30% Mar
18% Aug
Jun
6
27% jun
98
21% Mar
10% .Dec
455
13
^un'
15%
Apr
2
,142;' " Feb
Mar.
41%
1
16%
Jan
132'
Apr,
111
11% May
Jan
Jun*23
20% Aug 20
,
134
-J
12 Vs
<
500
500
4,300
60
j#
fi
200
h mbb
1
"■
26.
-O-O
.0'-
-
»
;
.
-
;
fff
o
22:;: (758)
COMMERCIAL
THE
YORK
NEW
Range for Previous
35
Range since Jan. 1
Lowest
Highest
$ per share
9per share
V
9 per share
CHRONICLE
33% Feb
16
45
107% Jan
2
112
Jun
2
Feb
11
17
Jan
2
May 12
43
Jun
29
55% Jan
5
May 15
Dec
9%
Dec
16 Yb
Dec
13
37 %
Jan
44%
Feb
38
50%
Jun
56
Jan
50% Jan 23
19% Feb
14% Mar. 16
21% Jun
25
Monday, August 23, 1948
RECORD
LOW AND HIGH SALE
EXCHANGE
$ per share
Feb
107 %
112
STOCK
Saturday
Aug. 14
STOCK
YORK
NEW
Highest
Jan
40%
Apr
FINANCIAL
STOCKS
Year 1047
Lowest
&
Par
Murphy Co (GC) common
1
4%%
preferred
100
Murray Corp of America com
10
4% preferred
50
Myers (F E) & Bros
No pa*
Monday
STOCK
CLOSED
40
t per share
*40 %
40%
108
108
9 per
41 y2
108 %
'103%
the Week
Shares
9 per share
share
*40%
108%
800
41%
41%
41%
*108%
110
for
Sales
|
Aug. 20
Aug. 19
♦40%
109
Friday
Thursday
$ per share
41%
109
PRICES
Wednesday
Aug. 18
Aug. 17
9 per share
9 per share
EXCHANGE
Tuesday
Aug, 10
60
110
14
♦13%
13%
13%
13%
13%
13%
13%
13%
13%
♦37%
38%
*37%
38%
*37%
38%
*37%'
38%
*37%
38%
♦51
53
53
*52
54
*52
54
*52
54
53
v,1,800
^
100
N
14
May
Nash-Kelvlnator
17%
17%
18
18
173A
17%
17%
24%
24%
25
25
25%
25%
25
25
25%
26
—1
24%
247/#
25
25
25%
25%
25
25%
243A
25%
7%
*7 %
4,000
18%
.100
7%
Corp-,
17%
"
17%
■
19
May
29%
Feb
20
Feb 24
27% Aug
4
Nashville
21
May
30
Jan
24
Feb
29
5
National Acme Co
16%
Jan
6% Aug 10
10% May 20
National Airlines-
8% Feb
13% July
8
National
Automotive
17 % Mar 22
National
Aviation Corp
8Va
Dec
14
14
Feb
10% May
16%
Feb
11% Feb 17
24
Jan
34
Dec
29
27
Jan
34%
Feb
26% Feb 20
160
Deo
9 Yb May
21%
187
Jun
Jun
26%
13%
Feb
43%
Dec
33
May
Deo
7%
Mar 18
164% Feb
Feb
8 % May
11
20
Mar
6% Feb
Jan
45
July
175% Jun
9
25
11
48
Jun
Deo
10% Aug 13
13% Jan
13% May
17% Feb
10% Mar 15
38
13
28%
Deo
32
14% Mar 17
21
18
Feb
28
Dec
37% Feb
11
Jan
'15%
Dec
.36%
29% Jan
165
Deo
190% Sep
Deo
167
Jan
Deo
11
Feb 25
Jan
1%
15% Feb
177
65
28%
Jan
12% May
•8
Mar
23%
Dec
100
20% May
12% Deo
29%
Jan
X22
"17%
Feb
12
Dto
13% Jun
10
Jun
15 % May
24% Feb
11
13% May
105
22
18%
12
Feb
Feb
107
Nov
38
Feb
08
DM
106
Mar
13
Nov
11%
35% May
Deo
*87%
Jun
38
13
64
Dec
Feb
Feb
26% May 21
90% Jun 18
18% Aug 12
Feb
July 12
,
Power & Lt er-dist——No par
83% Mar 23
Nehi
27
3
355
6% Mar 29
"l5%*Nov
25%
Deo
16;
80% Dm
Sep
20% Feb
86% Jan
6
Sep
100% Aug
Nor
25%
Jan
81
20% Mar
88
Jun
21
21
15
Aug 11
uec
6j%
Jan
28
Aug 17
36% Jan
64%
Nov
55
Feo
62
26
DM
30%
Sep
33%
Jan
25% Aug 13
14% Mar 3
17% July
18
preferred series A
City Omnibus Corp
Dock
York
New
Preferred
Noma
Electric
Chemical
Corp
13
17% Jun
17
North
North
American
Feb
115%
Jan
95
Deo
30%
Nov
25% Feb
11
36% Jun
13% May
22%
Feb
16% Feb
11
27% Jun 24
2
82% Mar 10
93
Jun
„
23%
23%
23%
300
21 Va
21%
21%
4,900
21
89%
90%
90%
24%
24%
24%
24%
160
24%
24%
600
13%
800
*90
90%
90
*24%
24%
123/4
12%
13%
*123/4
13%
*12%-
10%
10%
♦10%
10%
10%
10%
10'A
10%
800
12%
12%
123/a
12%
12
12%
12
12%
7,800
16%
400
*16%
16%
*16%
♦16%
16%
*102
104
12
*313/4
32%
*93%
943/4
95
95
32%
500
96%
40
32%
95
32%
*94%
313/4
10%
10%
10%
10%
10%
99
10%
*97
99
99
99
99
60
583/4
58 3A
58%
59%
19%
19%
19%
193/4
19%
19%
*58%
60
60%.
1,100
19%
•
19%
1,500
84
*81
*82%
84%
*82%
84%
♦82%
84%
*82%
84%
31%
31%
31%
32%
323/4
33 Va
32%
323/4
31%
*37%
37%
17%
37%
37%
163/4
17
17
80
80
80%
82%
81%
82
82
82
140
*136%
138
No par
*16%
23%
24%
*21%
*137% 139 Va
138
138
17
17
*137%
163A
23%
163/4
16%
23'A
17
23%
*20
56
*50
56
*50
56
*50
255
255
250
150
255
11%
33%
90%
91
17%
18
*81
56
*50
12%
12%
13%
6,100
35
353A
35
35%
36
37
4,100
90
90
*90
91%
90
90
18%
18%
19%
18%
18%
48%
*81
84
*81
84
♦22
22%
22%
18%
15%
15%
15%
15%
15%
*15%
28 %
28
28%
28
28
28
28
*27%
29
59%
59%
5«%
tin
-
*25%
25%
*25%
25%
600
15%
28%
59%
25
1
*15
10
14
20
200
23
*22%
23
*22%
110
5,800
82%
82%
84%
*31
24
41
25
Northern Natural Gas Co
16
10%
*86
60
%
59%
*25%
900
25%
60
*25%
1.600
60%
25%
%
16 Vb
13,200
11%
10%
11%
11%
12
11,800
88
86
86
86
86
31%
31
31%
5,700
8,700
16%
11
*86
88
%
25%
16%
10%
*86
88
♦25%
16%
10%
16
10%
50
15%
15%
15%
1
Co
40
255
*250 '
12%
91%
84
24
*20
500
200
12%
12%
"18
22%
100
16%
91%
34
22%
139%
123/a
11%
33%
100
1,200
.34%
11%
<
83%
"
16%
255
1
24,100
*138
56
255
300
38
83
24%
*50
7,500
32%
17%
16%
*250
30
99
*97
99.
2,200
11
10%
10%
10%
*97
10
102
102
104
*102
32%
95
*1.6%
16%
16 3/^
167/a
104
*102
104
*31%
16%
Co
1,600
91
37%
Aviation
Pacific
*23
21
23%
17%
common
Ry
it
97
80
Northern
1,100
2,100
23
%
96%
No par
11
Northern
22%
%
'96%
38%
Adjustment preferred
Central
22%
IS
95%
16%
Co___
American
13% May 10
10%
Dec
X22 %
96
38%
Norfolk & Western Ry com
28% Jan
22%
7/a
130
1,100
6 3/8
12%
*102
Industries—L—2.50
Nopco
X22%
16%
83.75 cumulative preferred ?
5
6%
10%
190
1
6 3%
12%
pfd—100
11
6%
38%
series A-
90
137
1363A
,6%
16%
& Light 3.90%
4,300
166
136
1363/4
6%
*37%
N Y
Noblitt-Sparks
*163
163
X163
137
32
12%
100
No par
common
5%
164%
164%
*135
95
'313A
6%
6%
4,700
17%
*94
*10%
New Haven & Hart RR Co.100
N Y
31%
No par
(5 non-cum preferred
N Y 8c Harlem RR Co—
Jun
83%
Jan
—...
Shlpbldg Corp partic>stock
N Y State Elec 8c Gas Corp-*-
25% Jun
137
32
17%
17'A
95
31%
*94
No par
—
N Y Power
Deo
8
Brake
10
4
164%
-
16%
95
313/4
164%
.
19
6%
32
*94
89%
18%
N Y
95
24%
1
4%%
preferred
100
Newport News Ship 8c Dry Dock—l
17
%
17%
16%
92 %
700
12%
Newport Industries common
Jun
33%
Deo
9
16%
16%
57%
19% Apr
96
56%
6% May
2
25
Mar 18
39% July 12
14% Feb 27
Oct
Jun
..
14% Jun
10
Mar
107
10% May
Jun
61
19
1,500
89 %
.
57%
144
19
46%
137
*93%
Elec System
Pr 8c Lt Co 9%
Newmont Mining Corp
New Jersey
11
Mar
46%
461/2
94%
Feb
Jan
46%
32%
121
20
46%
164%
*31%
Dec
49% Jan
46%
137
88%
N Y Chic & St Louis Co com—100
200
45%
6%
*24
1
92
Aug.
45%
31%
No par
100
2q
pfd—100
10
10
62% Jan
290 »/Feb
9.400
20%
Feb
126
Deo
19%
♦22%
39
July 12
18
19%
20%
Deb
July 6
23% Apr 19
18
19%
22%
New York Central
9
*17%
19%
20 %
18% July 12
11% Mar
293A
*17%
19%
22%
5
Feb
29%
18
19%
20%
10
1,000
30
18
23%
11
20%
29%
293/4
17%
19%
20
serial preferred—100
Air
29%
30%
23%
Nelsner Bros Inc common
York
3,000
it
Newberry Co (J J) oommon
3%% preferred
New
14
95%
Meb
9
13%
%
12% Feb
18
13
22%
Feb
33% Aug
43% Jun
11
13
9G%
Oct
20% Feb
13%
22%
IS
No par
New England
5,500
13%
18%
*
22%
No par
conv
11
96
Corp.
4%%
10%
96%
Co
Natomas
10%
17%
16%
6%
—1
2,300
1,300
•
7%
107/a
22%
%
Co
Tea
45%
11
No par
Pa oom—18
100
preferred
7%
1,000
7%
7%
IS
Vulcanized Fibre Oo-
23%
:
7%
95%
i
40
•'
*7%
38
Steel
137
Nov
16%
Nat
500
6,000
165
45
46%
1,300
293/4
*22%
73/a
7%
46
1,200
1
32
Natl
;
1
I
:
■
95
135%
4% %
7%
30%
7%
•1
7%
46%
13%
*162%
National
7%
13
31%
23%
1,100
12%
165
166%
*22
*7%
10%
16%
*165
1,400
;...«
41%
29%
29%
150
;
11% "11
11%
12%
*40
40
23%
46%
46
11
",yL"......., .100
Feb
36
46
i
166%
*22%
10%
B—
*
,—,100
Service Corp
1
Mai & Stl Cast Co
No par
50
May
11% May
19
Apr
23%
8
Aug 17
7%
10%
*92%
National Linen
122%
80
84%
12
12% Jan
99
23%
7%
45%
,,
166%
*22%
1:
*7%
45%
A
*165
7%
Stamping—No par
National Gypsum Co com
1
$4.50 conv preferred
No par
National Lead Co oommon
10
preferred
preferred
/
10%
Nat Enameling &
26
18% May
52
98% Jan
3
10
7%
45%
7
12
*165
23%
7
19
46%
May
230
24
May 15
10% Aug 12
102
32% May
12
Feb
87
Jan
90% Mar
32%
Deo
17%
35
44%
Deo
22%
May 17
104
108% Jan
Deo
05%
100
19
Feb 26
x27% Mar 12
166%
*22%
17
National
6
*165
30%
Natl
19% Jan
Aug 12
29%
18%
National Supply (The)
12% Jan 26
30%
17
15% May 26
25
29%
29%
6
2
29%
No par
5
Jan
29%
No par
1
Corp.,...
National Sugar Ref Co
94
29%
National Distillers Prod
30% May 27
13% Feb 16
July
28%
11
40
12%
25% Jan
16
Feb
2
40
127/a
6%
:
40
1
1%
12%
7%
39%
Cylinder Gas Co
National Dairy Products
National Dept Stores
25% July
10
85% Feb
Sep
10
Jan
2
101% July 12
Jan 22
18% Feb
7
1
Mar 16
.Nov
7
24% Jun
11
U Mar 30
8IV4 Mar 10
74% May
21% May
Jun
147% Apr
7% Feb
4
Jan
28
96% May 19
38
Jun 10
23
6 % Aug
2
May 21,
22% May 21
46% Aug 11
20% Jun
9
163
Aug 19
1.14% Fen 19
Jan
8% Apr
ft Deo
Feb
87
136
15%
Jun
24% Mar 17
lla%
*12 %
*39%
-1
National
25%
25% May
6%
Aug 20
11%
12%
39%
45%
Co
11%
11%
Corp.———10
Register
No par
1
Container
7%
11%
12%
11% 111%%
12%
City Lines Inc
14
Oct
Feb
Nat
7 V*
29%
No par
Corp
7% -j
39'/a
100
Share
&
Cash
National
National
Jan
107
Bond
*7
11%
4
10
preferred
7%
Nat
National Can
2
48%
Dec
17
9% May 20
20% Jan
1
30% May
14% May
96
Feb 28
23%
14% May
17% May
"
23
0% May 21
33% Feb 10
6
National Biscuit Co common
•'
7
11
—1
5
-
♦12
Fibres Ino—1
NationM Bp*iery Co
May 17
14% Jan
15% Oct
7
8
30% Jan
10
Chatt 8c St Louis—
16
16%
16%
41
10
31%
32
31%
31%
31%
32%
31
—100
21%
21%
21%
22%
21%
22%
21%
21%
21%
22%
No par
79
79%
8*0
80
79%
80
80%
81%
80%
80%
12
12
12%
12%
12 Va
12*%
12%
12%
12%
12%
22%
\
550
10
2,900
Ry
Northern States Pwr Co; (Minn)—
79%
Dec
102%
Feb
78
Aug
19% Aug
22%
Apr
11% Aug 11
Oct
20% July 30
33
Jun
45%
Jan
33% Jan
Deo
13%
Feb
Dee
18%
Feb
11
6%
12
25%
90
Aug 11
Mar
5
Mar 19
17% Mar 20
2
27% May 17
40% Apr 24
8
7% May 21
14% Jun
10% Mar 18
9
Cum
pfd $3.60 series—
Northwest
4.6%
Airlines Inc
u'
9 per share
50
■
Norwich
Pharmacal
21%
21%
22
36%
36%
5%
2.50
*13
13%
Co
0
NEW YORK STOCK
Highest
$ per share
$ per share
t
per
Saturday
EXCHANGE
Range since Jan. 1
Lowest
Highest
Aug. 14
share
Par
i per share
*13%
13%
13%
22%
22%
36%
*36 %
*5%
5%
13%
5
5%
*5
13%
13%
22%
22%
37
36%
*5
36%
5%
21%
36%
No par
STOCKS
Year 1947
.
Telegraph
Norwalk Tire & Rubber.
"
21%
36%
cumulative; preferred—25
Northwestern
Range for Previous
Lowest
common
1,800
180
36%
5%
500
13%
5%
*13
400
LOW AND HIGH SALE PRICES
Aug. 17
9 per
9 per share
9 per share
Friday
Aug. 19
Aug. 18
/
the Week
Shares
9 per share
9 per share
share
Sales for
Aug. 20
Thursday
Wednesday
Tuesday
Monday
Aug. 16
o
27
DM
Jan
27% Feb
10
91%
Deo
111%
Feb
92% Jan
2
103
Jun
18
21
Apr
35%
Dec
26% Feb
11
43
Jun
15
18
:
Dee
17% May
93
38
22
7% May
May
118
86
15%
24
149%
13%
Dec
16% Apr 14
22% Feb 11
Feb
107
16
92
Feb
8
Feb
89
Mar
Feb
>
18% Jan
9
xl09% July 13
25
12% Apr
Mar 18
100
23
Sep
28%
Feb
20
Jan
2
May
33%
Feb
27
Jan
17
36% July 13
26
20
Jan
5
Jun
17
37% Jun 23
Oct
183%
Jan
147
Mar 17
154
Jan
19% May
28%
Feb
17
July 19
23
Jan
5
84
Aug
93
Jan
83
Jan
17
89
Feb
27
68
NOT
10
73% Jan
2
10
May
16
9% May
.
19
80
Ohio Edison Co
STOCK
29
4.40%
Ohio
.100
preferred-
Oil
Co—
-No par
Oklahoma Gas & Eleo 4%
Omnibus
(The) common
0
8%
convertible preferred A—100
Oppenhelm Collins
Otis
Corp
Elevator
17 V2
17%
*17%
31%
32%
31%
102
17%
*
17%
;t
547/e
55%
54%
15% May 17
Pacific Amer Fisheries Inc
—5
*14%
15%
*15
15%
*15
Pacific Coast Co common
-10
*10%
11%
*10%
11%
*10%
3
May 27
Apr 13
Nov
62%
Jan
47% Mar 16
39%
Feb
30
129%
Jan
89% Feb 27
168
Feb
7
134
Feb
Jan
4 Yb Feb
10
Oct
41% Feb
11
4%
Deo
7%
Feb
4% Feb
Deo
14%
Feb
8% Feb
18
July
40%
Jan
55
Nov
90
Deo
109
13% Mar 16
46
Mar
Feb
20%
20%
19%
19% '
34
34%
34%
«o par
-No par
52
52
52%
34%
53%
53
40%
40%
40%
96
96
96
136
136
*135
5% May 17
11% May 21
Packard
Western
Motor
American
Oil Corp
Car
10
No par
100
May 17
11% Jun 21
6% Feb 11
48
5
*9%
8
*16%
Pan-American
Panhandle East Pipe L oom—No par
4%
preferred
108
Panhandle Prod 8c Refining
1
15
5
1%
Airways Corp
21% Jun 21
65% Jun
.
5
92% Jan 12
'9% Feb
19%
1
Petrol 8c Transp
59
95
109*
Feb
21
28
97
Jan
2
105
Jan
18% Feb
11
26% May 27
Paramount
1
21%
34% Feb
10
51
Park & Tilford Ino
1
44
Park
1
2%
No put
27%
96%
Dee
19%
Deo
32%
37
Sep
63%
Jan
2
Dm
4%
Jan
2
Mar 16
Jan
27
Aug 20
34%
Feb
24% Feo
14%
Feb
43
July
Jun
8
May 21
Paraffine
4%
Cos
Inc
convertible
com
preferrsd—108
Pictures
Ino
3% May 17
33% Jan
2
30% Jun
11
Parke
Parker Rust Proof Co
11
Utah
No par
Consolidated Mine#
Davis
&
Co
2.58
5%
9%
9%
18
17%
59
*24
59
*103%
29
97
38%
38% War
48%
6% Mar 16
15 y8 May
footnotes
10
:
24
Nov
29 % Jun
28
v
Feb
38% Feb .27
.
see page
26.
May 17
16% Jun
•Feb
9
37
Jan
49% Jun
18
Parmelee
Transportation
8c Enterprises
5%
5%
48%
48%
5
11
9%
♦17
,
■1
5%
9%
,V
18
95
5
•
95
8% 1
9%
194
9
-1-T
104%
22%
*103%
104%
*103%
104%
*102%
104%
22%
22%
22%
•44
227/a
22%
22%
45
*42%
*28%
,
*7%
46
*44
47
2%
2%
2%
2%
2%
27%
2%
27%
29%
24
24
25%
27%
27%
27%
27%
29
29
29%
29%
30
7%
*7%
7%
15%
;
7
Penlck & Ford.
-Nopar
30%
30'/a
31%
31%
Penney
.No oar
44
44 %
44%
44%
:
23
•
77/a
14%
14
30%
*31
31% 1y
30%
45%
45
45
v
.7
11,000
100
2%
1,500
27%
*28
7%
♦13%
45
100
>
47
*2%
27 i;
77/a
V 44%
5,400
9%
23%
*44
16 %
30%
y:
200
2,000
104%
$,
77/a
f
v
9.600
1': 340,'
..1
25
157/a
15% r15%
.
9%
*24
*103%
3.300
400
29%
.300
7%
7%
•
:
67,200
59
94
9
1,000
r :
17
59
<
2,300
1
•11
9%
9%
17 S:
t
10
49 Va
17% 1
58%
•24
in-
390
4% il, 4%
'
;
3,300
:.
5% y 5%
*48
93
•
58%
*94
600
i
-
41%
96%
*135 & 136
•
.>
9%
44
53
•
96%
9%
1 *17
59%
59
'
4%
9%
.
25%
9
2%
'27%
•
41%
5%
48%
*24%
1,
(J C) Co-
1-:
24%
15%
No par
Patino Mines
53
53
42
97%
136%
*135,
136%/
'
8% May
82% Sep
700
3,200
53
95%
95
95
19%
347/a
417/o
5%
9%
17%
59%
-
80
19%
34%
41%
48
110
.—"if.
19%
96%
5%
37%
*
5
,.
8%
22
May 27
48
*36
•
347/a
53
48%
48
■
•
*
70
34%
96%
*135
11 /,«
10%
1
*65
*
*19%
41%
5%
100
15%
*15
11%
36
96
136%
3,700
70
-42
5%
5%
10
56
36
38%
33%
Pacific Tin Consolidated Corp
Pan
♦36%
33%
Telep & Teleg oommon—100
preferred
100
Pacific
38%
*19%
6% Apr
6
62% May 21
27
70
*36
2■
Lighting Corp.
6%
•65
37%
of Oallf——1®
Mills.
Mar 18
70
.85
55%
*65
37%
Pacific
Pacific
*65
*83 Ya
15
11%
70
300
*17% 118
55%
15
11%
.
No par
Pacific
147
13
8%
non-cum—No par
preferred non-cum
55% July 13
2
Feb
preferred
44 % July 23
104% Jun
7
13
59%
8
1st
2nd
15%
r-
*65
150
17%
*83 1
54% :l 55
-
85
17%
84%
2,COO
34%
♦149
150
•149
84%
15
Aug
150
18
*17%
85
10
28% May
Deo
For
*149
150
*83
55
40
•23
34%
34%
33%
Va
■
85
55
*22
700
'
17%
•
23
50
9%
95%
*94
*22
23
34%
:p
*149
17%
♦21
400
3.600
v
103
9%
95
200
7.200
32%
32%
103
9%
9%
v
18%
*17%
17%
32 Va
193
*93
95
11% Feb 27
Pacific Finance Corp
Dm
33
♦93
23
93
150
12JMI
93
*21%
y
33
*83
Pacific Gas & Electric
7
23
.
*100%
9%
9%
9%
■
Feb
36% Jan
28% May
9%
95
*21%
*102 V. 103
103
*101
,
9%
*93
17%
31%
SeD
-
30% Mar 17
Dm
102
9%
•149
Owens-Illlnols Glass Co
Jan
33%
17%
31%
.
51% July 20
43%
8% Jan
37%
•33%
33%
July
73
May
36%
•'
43% May 28
21% Jun 15
13
37
300
99
36%
IOC
|j«
15% Mar 20
v
99
37%
No par
—,
13
Deo
99%
367/a
33
6%
preferred
Outboard Marine- 8c
Outlet Co
11
Jan
33%
99%
37
No par
common—:
62% Feb
3% May
33%
99%
36%
17'A
34% Feb
21%
33%
100 '
33%
99%
33%
99%
36%
31%
46% Oct
131
*33%
99%
36%
17%
Jan
50%
33%
*99
31%
Oct
*89%
CLOSED
Pfd—20
80
*33% Deo
EXCHANGE
Corp common
No par
4%% convertible prtfsrred
100
Oliver
Jan
24
*33%
'
July
27%
Dec
34% Jun
1,700
14%
31 ;11
.45%
<•
-
"
1.100
3,400
23
(759)
new
Range for Previous
f per share
-
7 .•"■'••Apr'
13% May
29
Range elnoe Jan. 1
Lowest
Highest
Oct
11% Feb IS
15% Jan
15% Feb
20 % July 13
Penn-Dixie
34% May
Penn
36
117
Jan
22
Jan
26%
May
61%
118%
112
Apr
8
18% Feb 11
Jan
Deo
9
110
Feb
38
111
11
28% July
Apr
Deo
Sep
Deo
Far
Feb
Sep
7
Jan
12
48
19
120
Apr
Apr
55%
Nov
33% Aug 11
45% Jan
6
Jun
101%
Feb
86% Feb
98
22%
23
May
Deo
May
22
8% May
13%
Jun
12
May 15
Dec
18%
18¥e
18 %
19
40
40%
40%
*39%
107%
107%
'107%
108%
*107%
108 ¥4
32%
*31%
32%
*31%!
32%
*31
*92%
95
96%
96%
96%
96%
May 19
14%
*12%
4%%
21
Co
100
100
5
Oct
14% Feb
2
20% May 15
Jan
47
Feb
11
64% July 12
Pfizer
Dec
40% Feb
13
59
July 13
49%
97%
Deo
59
5
55
May 19
Phelps-Dodge Corp
Philadelphia Co 6% preferred
21%
Deo
23%
Dec
111%
95
95% Mar
Deo
120% Aug
Deo
109%
5
21% Feb
26
May
16%
35%
Jan
21
115% Jun
28
103% Jun
10
Dec
Nov
98% Mar
Dec
43%
88
Dec
85
Deo
21
Apr
43
Dec
81
Jan
93
July
Jan
19
: Jan 22
83% Apr
8
Jan
25% Mar 16
109
Feb
87
101:
Mar
Jan
6
26
46% Apr
22
91
12
Dec
Feb
38% July
108
96%
Dec
16%
Oct
88
Deo
18%
Jan
102
32%
110
Deo
16
169
Aug
163% NOT
203
32% Apr
7
May
8% May
114
Apr
59% May
67
Jan
10% May
171
May
17% May
10
Sep
21
Apr
19% May
11% May
12% Dec
9
May
33%
Deo
67
11
26
Dec
Aug
14
84% May 12
Dec
16
Jun
11% Feb
Mar
165
10
30% Feb 25
98% Apr
1
Feb
Deo
Feb
Mar 16
12% Feb
145
Jan
11
26
.-.■.v.-
/
::
Apr
16
Feb
20
10%
Nov
Feb
13
15
Dec
10% Feb
11
140
Oct
Jan 27
Pitts Consolidation Coal Co
93%
2
9
102%
50
13%
13%
13 ¥a
13%
13%
13%
13%
13%
3,100
17 ¥4
17%
17%
*17%
18%
*17%
55
55 %
54%
54 ¥4
53%
54%
54 ¥a
54%
54¥a
55%
54%
54%'
53
*52%
110
100%
100%
22 y8
23%
22%
24
24%
*23%
23%
24
108
53
108%
97
40%
41%
34 %
35%
35%
95
♦85%
*85%
86%
38
*90
92%
*90
13 ¥4
66%
68
*13
33
33
*33
:
33%
101
115
*107 ¥2
115
13
12¥a
13
13%
13
♦88%
92
101
*88
101
14%
Jan
9% May 10
33
46% July 13
Pittston Co
12% July 28
92
Jan
0
29% Feb
14
46
12% Feb
>
13
70% May
4
Jun
24
*149
157
*147
167
*163
167
*165
167
35
35
35%
35%
8¥a
15 ¥4
8¥a
28
8% Feb
27
71% Nov
Aug 11
62% Feb 16
35% May 21
71% Jan
9
18
Feb
28% May 25
Publicker Industries
Mar 11
Feb
30
81
32% Jan
21
Aug
2
26% July 19
40 % Mar 17
Jan
27
15
4%%
Public
24% Jun
61%
Feb
53
Jan
29%
Dec
*25% Feb
5
42
♦160
101% Feb
13
108
36%
Feb
*25
11
33
*21% Feb 25
of
Pure Oil
5%
9
5
No par
.89
14
13%.,,,13%
13¥a
13%
85/a
>8% V:i 8 ¥4
*29% .31
68% £ 68%
21%
22
89%
,
♦88%
38%
39 ¥a
39
23
23 ¥a
23
26%
.13%- -13%-
27 ¥a
13%
12%
49%
49%
45-—
45¥4
700
*"13%'' 13 ¥2
•f' 700
13 ¥a
9,700
v
13%
:
13 ¥2
8 ¥2
8%
*29 ¥2
30%
68%
68 y2
21%
21 ¥4
21 ¥4
*88 ¥4
'"
.,$,700
"""
*88% '-,89%
*38%
39%
22 %
23
89%
215/a
39%
23%
27*
1,100
> •V-s''V
*11 ¥4
«-
68%
8%
89 ¥2
V
45
.68%
.
21 ¥2
21
<45
38%
38
*291/2
68
v
38
13%
87/a
31%
8 ¥4
31
40
200
-
v
27%
27%
27%
,?
2,500
!' %
•
>
2,200
1,800
20
39 ¥4
39%
1.800
22%
23
4,900
27¥a
27%
41%
41
41%
41%
42%
42
42¥j
42%
43
36%
37%
37 ¥a
37%
37%
38%
36%
37%
36%
37 ¥a
*107 ¥4
107%
107¥4
107 ¥4
107%
107%
107%
107%
107%
107%
5,200
: 700
31%
31%
31%
31 ¥4
31%
3iya
31 ¥4
31%
1,500
*23%
23%
23%
23%
*23%
23%
23%
No par
No par
(The) common
preferred
45%... 45%
67 ¥4
38%
23 %
conv
49
*29 ¥2
27
X41
100
_No par
32
Quaker Stats oh Refining Corp_lf
25% May 25
.PH
49%
.
23
156
♦147;,
49'/a
51
51%
45 ¥2
\
*
<
74¥a
*21%
"
156
12%
*88 ¥2
22%
21%
600
"70
85
74%
78%
f-5
♦11%
13 ¥a
89
38 ¥4
*21
*147
121/4
8Va
26 ¥4
*74%
21%
*11%
14
67%
■I: 21 V
No par
com..No par
com
76%
156
•147
1,800
:
175
*84 &
84%
*11¥4
30 ¥4
.
84%
85.
37%
50 ¥4
2,600
8%-v
16%
♦160
39%
135/a
20
?'■
175
39%
:13%
8%
6?/%
*160
12 ¥4
*45
"60
35%
8 %
•15%
39%
51%
♦29% ,
34%
16
♦38 ¥2
12%
13%
com
Purltv Bakeries Corp
July 12
13%
l
Colorado
div preference
Pullman Inc
5
July
Co
38%
-
21%
156
600
166
8%
16
175
*74s/8
21%
76%
21 ¥2
*148
45
10
Co
com
preferred
cum
Service
$1.40
May 18
Jan
14% Dm
Inc
Pub Serv El Si Gas
25
45
No par
Apr 26
39% July
6
30% May 15
50%
preferred series A__50
conv
$4.75
*11 ¥4
No par
Potomac Electrlo Power
Pressed Steel car Co Inc
94
109%
Feb
class B
38%
1
Procter & Gamble
32%
& Co
V-v*75%
21%;,
156
8
12% Jan
Feb
Poor
76%
♦74¥a
*20%
♦148
166
v»
157
35
8%
16 V'2
♦84
1,500
19%
*
8%
*16
•:
32%
*147
166%
.
800
y;
89
*32%
'*19
157
34 ¥4
35
34%
8%
8%
16
15 ¥a
,
167 «'
13%
*86%
19%
157
1
89
32%
*147
8
*86%
32%
167
100
89
/
90
115
*12'/a
13%
300
101%
*107%
*13%
157
100
*13
13%
101
115
19
8%
Pond Creek Pocahontas
6,600
33%
33%
102
*107%
33
15 ¥4
(The)
16% May 20
14% July 12
11% May 18
15% Nov
♦87
33%
102
115
f
♦147
100
33%
101
19
No par
Plough Inc
Plymouth Oil Co
13%
32%
No par
conv prior pfd
Pittsburgh Si West Virginia
Pittsburgh Young & Ash pfd
7
67 ¥4
*13
19%
85
24
67
13%
32 ¥4
*84
July
67%
18 ¥4
5%%
26%Jun
67
*13
32 ¥4
82% May 10
161
92%
19
175
13
37%
*90 IP
32%
32 ¥a
*18%
*160
Feb
*36
33%
♦107%
101
85
15
"15
86%
37%
92%
13 ¥4
♦33%
*100¥a
♦107%
175
Jan
9
28% Jan 22
86%
*36 ¥8
*90
68%
1
*13
20,500
95
"
.10
ser
86%
130
35 y8
*92
y-
4,100
> 3,000
i
37 ¥4
67%
~
18%
89
92%
.
13%
*85%
200
300
41%
35%
95
230
s
41
*88
35%
'
200
104 ¥4
18%
.•
120
3,700
97
104 ¥a
18%
35%
210 '
110
*95 it
89
*92
53
400
100%; 100¥4
23
22y8
24%
*23y»
41
'
86%
*36%
92%
66%
85
1st
36%
*85%
*36 ¥a
66
1
Pittsburgh Plate Glass Co
Pittsburgh Screw Si Bolt
Pittsburgh Steel Co com
86%
38
♦90
'
18%
41
6,000
*109
97
105
*88
95
*36¥8
♦160
9
18%
89
*92
109
.
104 %
41%
35%
95
100
145
Oct
18%
40 ¥a
*88
36%
*91%
*95
24%
109
105%
104%
89 ¥4
♦91%
109
t?
97
88%
*23%
2,400
55%
52%
'
23
17%
54
54 ¥4
'
100
22%
24%
17%
53
•
52%
100
23
97
O CD
97
18%
52%
100
100
105% 105%
17 ¥4
18
71% Mar
Deo
;
108%
*95 %■
105
52%
52%
100
Oct
43
*101 %
preferred class A
Jan
16
102%
preferred class B
Deo
Oct
Jan
Jun
*101%
6%
38%
19%
10
20
100
102 %
7%
20%
35%
1
21,800
28%
102%
July 15
94% May 14
Sep
38
July 15
39% Jun
12 y8
102%
73% Feb 28
Oct
84%
200
169
15%
'101%
17%
Pittsburgh Forgings Co
1
Pitts Ft Wayne & Chic Ry com—10o
7%
gtd preferred
100
14
160
8
Feb
Mar
36% July 15
23% Jun 15
Feb
Jan
99
.
10
July 28
155
34
38%
24%
93
*13
*27%
543/s
108
28
common
14%
1,000
¥12%
*qe;
$4 preferred
No par
Pitts CCdsflt Louis RR
100
Pitts Coke Si Chem Co com__No
par
$5 convertible preferred
No par
14
97%
12%
89%
Pillsbury Mills Inc
Jun
15 % Jun
97%
27%
40¥a
8
103 % Jan
110
96%
12%
17%
5
32%
27%
88
34% Jan
50
*31%
55'
♦104%
No par
200
108
32%
12 ¥1
♦23%
Phoenix Hnaiary ■
Phillips Petroleum
*107%
.
26%
22 ¥4
100
18,300
12 ¥a
40%
7
157
140
preferred
108 ;
9,700
19
40%
♦24¥a
♦13
cumulative
18%
*39%
12%
1
15
Feb
102%
Oct
Des
5%
18%
18%
,
18%
41
26%
3
77% Jun
Jan
30% May
61% May
>1% May
6
*13
18%
18%
♦39% ;
13%
100
preferred series A
10o
Philip Morris Si Co Ltd common
9
,
4% preferred
100
3.60 aeries preferred
100
Phillips Jones Corp com
No par
14% May
42%
May
15% May
85% Dee
106%
Aug
50
No par
common
18%
v
17%
No par
Co
18%
41
2,100
32
112
-
12%
26
54';
•52%
3%%
23
Jan
18
May
91
July 8
36% Aug 17
97% Jun
3
87% Jan
12
10
'
38
Electric
Phlla & Reading Coal & Iron
Philco Corp common
2
54% Jan 21
96%
20% May 22
45 % July
9
87% Jan
63% July
99%
8
83% Mar 17
10% Mar
Apr
Jun
'
j 28
Jan
25
80%
111
preferred
14 ¥4
*13%
18%
18 ¥s
13
*27%
*110
54
1
28
$1 div preference com-^.-jiNo par
4.4% preferred
100
3.8% preferred
100
4.3 % preferred
100
9
Jan
14
21
$6
No par
(Chas) & Co Inc
Phlla
2
01
Oct
85
Jun
25% Jan
104
Aug
104% Alfg 18
1o%
104% May 15
247/b Jun 14
26
22% Jan
Jan
Pfelffer Brewing Co
95
-if.:
18 ¥4
,
*17%
32
112
*245/8
*13%
18
19
•27
*110
iheres
13%
102%
♦101%
Petroleum Corp of America
18%
■
12%
'
100
preferred
,
14%
12
♦24%
62%
29%
*13
33 %o
No par
common
48%
109% Aug
27% Jan
18%, -19%
32
112
%
*12%:
17%
108
*31%
Apr
Deo
17%
40
Pet Milk
Feb
17%
the Week
9 per share
13
*12%
17 ¥a
*27
6
60
17%
13
*110
May
Mar
;
*12%
112
36%
37
:
13
.32
7
17% Jun
17%
17 %
*27
5
11
•12%
>110
24% Jan
104
CLOSED
12 ¥4
17%
32
30% Jan
26
♦12%
•ales fed
Friday
Aug. 20
Aug. 19
I per share
112
20% May
Apr
9% Feb
STOCK
EXCHANGE
Thursday
.
9 per shere
♦27
4
100
*
$ per share
♦110
preferred
(Chic)
Peoria & Eastern Ry Co
Pepsi-Cola Co
10% Feb
Jan
v
Power Se
12
Aug 11
25% July 30
Feb
34% July
34
i
9 per share
PRICES
Wednesday
Aug. 18
Peoples O L & Coke
22
Dec
-10
Co_
SALE
Light Co
No par
Pennsylvania RR
50
Pennsylvania Salt Mfg Co com
10
3%% conv series A pfd
100
Peoples Drug Stores Inc
5
22
45%
Cement
Glass Sand Corp com—No par
5%
Penn
27
17
Coal Jk Coke Corp.
f per Share
HIGH
AND
Tuesday
Aug. 17
100
14
16% Feb
Feb
Penn
20% July 6
22% May 24
39 % Aug
103
2
81%
6
Monday
Aug. 16
LOW
I per share
16%
Dec
record
Saturday
Aug. 14
STOCK
EXCHANGE
24%
18
15%
H1W YORK
Highest
i per share
9 per share
*107
stock
STOCKS
Year 1947
Lowest
york
♦23
32
23%
9,500
3,400
23%
200
Mi-i
Bangs for Previous
STOCKS
Year 1947
Lowest
I per share
NEW YORK
Range since Jan. 1
Highest
Lowest
9 per share
9 per share
•
:
Par
7% May
=
10%
Feb
Deo
80%
Feb
8% Deo
15 ¥4
Jan
68%
>
94%
iS-li
Deo
32
38%
Deo
16% May
97
Deo
33
Nov
8% May
96
Oct
11
May
7% Feb 20
63% Feb
41
Jun
17
75 ¥4 May 27
11 % May 19
91
Mar 31.
28% Mar 11
Feb
Dec
22% Feb
Feb
31
22% July
48% July
39
July
98% Jun
4
34 ys Jun
18
20
X36
Jan 28
35
July 28
May 17
-
16% Feb 20
27% July 12
36% Feb 24
Feb 16
10% Feb 24
39
31
18% Feb
108% Mar
16%
15
11
7% Feb 27
105% Mar
88¥4 May
17% May
12%
101
Jan
21
Feb
11% Feb 11
14% Nov
9% July 19
45
Apr
Jun
27
2
15% May 27
105% July 12
18
May 21
Radio
Corp of America eom—No par
$3.50 eonv 1st preferred
No par
Radio-Keith-Orpheum
1
Ralston Purina Co
pfd
100
Raybestos Manhattan
Deo
30% May
10% Deo
WBi'i
63
Deo
29%
Feb
22 Vs Mar 31
17%
Feb
10% Feb
84%
Feb
12%
Dee
17
Aug
96
Nov
102
Jan
27
61% Jun 10
ll
Mar 17
14% Jan
7
25 % May 21
13 y8 May 24
No par
Rayonler Inc common—
$2 preferred
.-——^28
Reading Co
50
common
4%
non-cum
1st preferred
4 fc
non-cum
2nd preferred
Reeves Bros ti>«
(Robt)
Aug. 16
Bperehare
I per share
SALE PRICES
Tuesday
Wednesday
Aug. 18
Aug. 17
9 per share
Thursday
Aug. 19
9 per shere
9 per share
Friday
Sales fee
Aug. 20
the Week
I per share
Bharee
$1.25
div
prior
preference
10
Reliable Stores Corp
No par
Reliance Mfg Co common
—8
Conv pfd 3%% series—-*100
Remington-Rand common
:50a
$4.50 prtfawii
SB
33% Oct
18% Aug 17
4% May
9% Jan
6% Feb 10
3% Mar 14
13% May 8
5% May 20
Republic Aviation Corp.
8% Aug 11
22% Feb 11
us/a May 21
31% Jun 14
i
17
3%
Deo
8¥a
Feb
9%
:
Dec
15%
Feb
30%
Feb
32% May
'i \
101%
Deo
14
May
91
Deo
6%
Deo
19%
113% May
24% Feb
103
Jan
5
111% July 14
21% May 15
96
Apr 19
15% Feb
10
Apr
11Y4 Feb
82% Feb
17
110
5% Feb 20
Jun
39
Jan
19% Feb 27
May
9
May
36% May
48
May
124
Jan
92
96
Deo
104
19
Apr
13 ¥4
Jan
90
';'y-sr
it
•h
93% May
5% Sep
18
Dee
18% Sep
43% May
17% dm
16% Feb
44 Vb
Feb
50%
Dec
Feb
25% Feb
Mar 19
7% Feb
11
35% Apr 23
46
May 6
87% Feb 18
8
,
May 15
29% Apr 22
104 3/4 Jan
5
11 ¥4 May 26
41% Jan
2
_
Reo Motors tw*
Republic Pictures
6%
t
-1
common
prior pfd series A
100
Revere Copper Si Brass com—No par
6%% prafftirari •.
inn
conv
r
Rexall
Drug Inc
2.50
Reynolds Metals Co com
No par
5%% convertible preferred
100
Reynolds Spring
1
Reynolds (R J) Tob class B
10
8
Common
1
Preferred
Rheem
-
-
3.60%
series
49
Jun
21
Richfield
Feb
28
Jun
15
Rltter Company
Oct
Oct
72
28% Feb
May 28
18% Jan
6
——10
109
Manufacturing en
Dec
88%
12%
12% '
12%
71 ¥4
721
72
7%
*95 ¥4
96%
*95 ¥4
♦29%
31
30 ¥2
*32%
23%
Oil
Corp
*12¥a
77/a
30%
21,800
72%
800
8
8,800
*95 ¥4
96 ¥2
*96
97%
96
96
31 ¥4
*31
31%
31
31
32 ¥a
32
32%
32
32 ¥4
33 ¥4
32%
32%
32%
32
33 ¥4
33 ¥4
25
-
24 ¥4
24%
24 %
24%
*32%
100
200
'
2,300
)
33%
200
.
24 ¥2
25
44
43
43
*43
44
43 ¥a
43%
400
36%
36
36 ¥2
*36
37
36
36
300
*12%
13 ¥4
13
12 ¥a
*12%
13
*105
108
*12 ¥4
.
108
108
*105
V
*12 ¥4
1,600
12%
*105
"
108
*14
¥2
15
14 ¥a
14%
700
*97/a
10
10
10
200
♦105
108
15 ¥a
14%
14%
14%
14 ¥2
*9%
10%
9%
97/a
*9%
10 ¥4
*21 ¥4
23%
23 ¥2
*21%
23%
*22
23%
10 ¥4
10 ¥4
11
*107/a
11%
*10%
11%
64 ¥2
12
*21 ¥2
23%
*21%
X10¥4
10 ¥4
10 ¥4
64 ¥2
*63 ¥a
65%
*63%
64%
*63%
64%
*63¥a
64%
100
12%
*95 ¥2
12 ¥a
12%
12%
12 ¥a
12%
12 ¥4
12 ¥2
125/a
5,800
98
97%
98
?
*95 ¥2
98
18%
18%
10
10
„
.1
preferred
Ronson Art Metal Wks Ino_
Royal Typewriter.
27
200
18 ¥2
18%
18%
18%
18 ¥2
18%
10%
10¥a
10%
10
10 VB
10 y;
10%
3%
3¥a
8%
85/a,
,
27%
.
3%
3¥a
3%
8%
8%
s%
8 ¥2
2,500
29%
29 ¥4
29%
22,400
277/a
28 ¥4
28%
108 ¥4
108 ¥4
*107 ¥4
17%
175/a
96
17 ¥a
17%
I
95
7,400
*3¥a
8%
28 ¥a
♦94%
3,700
"
3%
i
108 ¥4
*107
95
600
99
3 ¥»
-
17 ¥a
-.;1
*97 ¥4
8¥a
>
27%
95
*95 ¥2
18%
9%
108 ¥4
17%
0 98
18%
1
*107
,
109
♦107 ¥2
*17%
95 ¥2
'
17 ¥4
17%
*94%
95%
♦94 ¥2
1,800
109
100
17%, >
1,900
-
95%
•;
30
'
6
'
♦21%
*100
6¥a
22%
-
'
23
•100
101
6%
6%
6 ¥a
23
101
*8 ¥2
9,,n;
8 ¥4
'37%
*46%
48
*90 ¥4
91
*90 ¥4
;>
♦100
90%
21%.-,: 2l¥a
38
•21
5%
Co—1
10%
25
•25%
20%
38%
39%
22
22
5%
10% ,
26%)
10%
5%
5%
.
26
26
19%
20%
20
20%
20%
•20%
21
•61
63
♦62
•12%
12%
♦12%
,
10%
63
•
127/s
¥4'
101
6¥a
6%
6¥a
22%
22 ¥3
22 %
23
100 i
100
*100
101
¥2
9¥a
*8¥4
9 ¥a
*8%
38%
38 ¥a
38¥a
38 ¥a
*8
*46%..
90%
21%
21%
21%
38%
22
6
22 ¥2
37¥a
37%
♦46 ¥4
37%
48 tv
22 ¥a
8%
37¥a
No par
Antelope Copper Mines
Robertshaw-Fulton Controls
conv
12%
12
*71%
•43
36%
-No par
^
Roan
4¥4%
8¥a
*35%
43
*35 ¥4
♦105
77/a
*30 ¥4
¥2
*24%
24%
8
7%
*32%
33%
43
96
;
32 ¥4
32
32
8%
Jun
24%
12%
71%
7%
3%
18%
20% Nov
12%
72%
7%
8%
Jan
29% July 12
22
May 21
27% May 27
12
72
3%
94
7% May 21
P 12
July 12
12
71%
7 ¥4
50o
31
10% Mar
lls/a
72
v
$1 .convertible preferred—.1$
Republic Steel Corp com
No par
60
24% May 18,
CLOSED
15 ¥a
94% Jan
95% Jun
STOCK
EXCHANGE
Co—
<fc
66
Aug
4'
15% May 21
98
Apr
8
29% Jan
7
>
W
■
50
50
Real Silk Hosiery common———8
7% preferred -.^.——...100
Rels
13 %
:■
Monday
Aug. 14
r
V'
•;*
Saturday
$ per share
»:■;
jK-
LOW AND HIGH
STOCK
EXCHANGE
Highest
v
48
90%
21%
39 %f 40¥a
22%
22%
47%
„
*90 ¥4 i
47%
90 ¥2
♦47
6 ¥4
1,100
10
9
100
38%
48
.
300
21%
21%
39%
40%
1,200
20,400
*22%
22 ¥4
5¥s
*5%
5%
10%
10%
*25%
26%
26%
26%
19%
20
20%
20%
12
63
¥a
12%
10
„
90%
10%
*62
9,000
89 ¥a
10%
5
7,300
t
21%
:v
;
300
3,000
;
■
't 5,800
;^6oo,;
1,600
i
800 '■
U
EXCHANGE
Mi s '
Jan
6% May
12%
11
37 Va
Jan
Dec
8% Feb
May
32% Feb
66
Dec
68 %
Dec
67
Jan
11
2
139% May 28
Dec
60 Va
58
Jan
29
9
Jun
12
Dec
Oct
101
57
8
Feb
13
13% May 27
79
Feb
18
91 % May
108
18
'
80
Dec
*20
Dec
98% July
26 % July
108
Dec
114% Mar
16% July
5
113
10
15
Feb
23% May
55%
Jan
25% Mar
49%
Jan
39% Mar 10
92
Dec
103%
Sep
90% Feb
90
Dec
102 % July
88% Feb
13
13 %
Nov
18 %
Jan
13% Feb
83 Va
Dec
98% Mar
81% Feb
51-
27
•
93% Apr
7
13
15% Jun
24
20
87
12
,
13% Feb
11
26% July
19
62% Jun
.20% Jun
55
Feb
17%
Dec
19%
Nov
15% Feb
Mar
43%
Deo
35% Feb 11
5
Mar 25
40% July
Jan
110
Dec
Seeger
.
i=
Servel Inc common
1
30%
Deo
26% Feb
24% May
40%
Oct
30
Feb
11
i
33%
Jan
17% Feb
11
| 27% Jun
82
Feb
68
Feb
25
i
21%
10
Aug
4
15% Jan
2
22
Feb
Feb
9
13 % Jun
1
35%
Dec
28% Feb
18
May
70
Deo
14 % Deo
11%
Dec
24% May
6% May
6%
Apr
41
51
27% Feb
Feb
18%
Dec
Apr
14
May
65
May
23
Feb
11
24% Jun
14
13
35% Jun
3
18
102%
Apr
90
82% Aug 10
19
Apr
1
93% Aug 19
Dec
35%
17%
Dec
•
5
Jun
9
14% Feb
11
23
Jun
16
104% Jun
14
Aug 16
99
"~3%
7%
May
3% Jan
Feb
Oct
8%
54%
Apr
1
16% Jan
Aug 11
12
22% Jan
May
7
Jun
8
37% May
56
Jan.
36% Mar 17
43% May 24
40 Vs
Nov
42%
Dec
37
Mar 17
42% Jan 15
27
Deo
34%
Jan
'22
July
28%
Feb
20% Feb
27
Apr
50 %
Dec
43% Feb
11
30% July 9
30% July 12
62% July 9
May
50 Va
Jan
33% Feb
11
50'A Jun 23
20
70
July 12
Mar 23
73
Jan
34%
28
57% May
77
Feb
Nov
81
:?25% Mar 16
58% Feb
Aug
68
6
15
Mar 10
20% May 20
Feb
4
Feb 26
7% Jun 25
Sparks
8% May 27
Jan
5
Spear
14%
Jan
Dec
Jan
73
-23%
Sep
31% July
5% Aug
65
"■>
10
,
8
73
Aug 20
23% Mar 18
29% Jan
18
Feb
7% Mar 16
Dec
00%
Feb
61% Mar 17
15% Feb
16
Feb
45%
Jan
21% Aug
19
112%
Feb
98 % Mar
9
Dec
37%
Jan
102
Aug
Jan
19 % Feb
May
114%
Feb
86
May
125"
Feb
3
10
27% May 15
106
Jun
97% Jun
11% Feb
10
Feb
27
12% Feb
9
13'A Feb
17
Jan
3
20
Jan
6
'
7
98% May 25
9
70% Jun
' Mar 17
50 % Mar 19
Sep
9'A Feb
11
Jan
34% Mar
9
21% Jun
26% Jun 21
43
July 13
2
9% Mar
1
15% May 24
5
Aug
13% Mar
1
11% Mar 31
•
18% Feb
140
28% Jun
11
1
Mar
May
24% Feb
14
Feb
May
47
Mar
38
Jun
17
19% Jun
44% Jun
Mar 12
10% July
9
235
11
13
36
16% Jan
6
*11%
12%
*12%
13%
12%
13
40%
40%
39%
40%
39%
40%
40%
40%
!
40%
22
22
r
29
29%
29%
32
32
32
83%
'
;
96'/a
95%
95%
20
20%
20%4
19%
19%
19%
«
7%
7%
54%
12%
;
•if
9
14
19
*99%
100%
3%
3%
100%
500
3%
3%
2,100
7%
7%
7%
7%
100%
3%
'
•
7%
7%
4,100
*45
47
*45
47
*53%
55%
*53%
55%
12%
12%
12 %
12%
12%
12 %
1,600
41%
41%
41%
41%
41 %
1.600
41%
41%
40
38%
38'A
*38'A
39'A
100
29%
29%
29%
29%
30 Va
2,600
28
27%
28
8,300
61
19,800
*38
i
29%
29%
.
28%
27%
55%
56%
55%
56 %
55%
43%
44
44 %
44%
45%
4.100
44%
64 %
*64
65
64
1,300
63%
64%
64
65
*70
72
*70
72
*16%
17
17
17
1
'
70
'
62'Ml/4
"
*[ 72
m*'- -
*70
70
-
28
28%
28%
43%
59
56%
::
.
'
24%
3%%
preferred--/---
7% May 18
Sua Chemical
*22
100
10
100
1
Sunshine
90
22%
22%
28
52% Feb
14
Dec
17% Feb
27
25% May
Feb
13
15
*
*
13%
x35 %
30%
Telautograph
Tennessee
13%
Gulf
47
71% July 12
Texas
Gulf Sulphur
Texas
Pacific Coal & Oil
Texas
15%
Jan
34%
Dec
29
Feb
10
41
Jan
58%
Feb
45% Feb
5
48 %
May 13
Sub
Pacific
share
Land
ctfs
Texas &
Ino
i_.
24
$1.25 conv preferred
—No par
Thatcher Glass Mfg Co common
5
28
14% Jan
8
30
46% Jan
9
17%
Feb
12% Apr
15
15% May 21
For footnotes see page 26.
$2.40 conv
The Fair
12%
400
35%
35%
35%
35%
35%
2,300
35%
35%
*92'/4
93%
preference
*92
93%
29
29
29%
29
13%
13%
13%
13%
13%
13%
93'%
14'/a
13%
13%
*13%
18
17%
17%
17%
*9 2
..
93%
,
No par
No par
800
2,200
700
17%
16%
16%
25%
26
24%
97
*93
*93
"
68%
68%
*116'A
117
117
*18%
19%
19
19
23%
23%
23%
38
38 %
13%
16%
*39
*12
16%
12%
11%
21%
90
*-
5%
63%
':! 46
63%
46
35%
35%
*53%
55%
13%
13 3A
17%
■
':. 7% '
29%
♦13
15%
15%
15%'
15%
A
*4%
21%
90%
.-4
:
,
If
5,000 A
io n
1,300 "s
6
Sales ter
the Week
*10%
11%
1|
2.700
4,200
-
I per share
share
*10%
r
Friday
Aug. 15)
4%
*4%
,
200
.
Aug. 20
Thursday
4%
400
■
.4%
16%
*16%
Shares
11%
300 m
4%
16%
16%
17
1,100
59:
59%
58'/a
58%
58%
59%
8,800.
21%
21%
21%
21 %
21'/a
21%
2,500
63
63%
62'/a
63
63
63 Va
6,200
46%
47%
t
36
36%
|
56'/a
56%
56%
13%
13%
14
17%
17%
17
/
21%
64
-■
/
47
45%
? 35%
';';'56vY
36%
13%
,
■
17%
7%
29% -—.-29%.. .29%
17%
7%
14
■7
7'/a
7%
.30
...729.:
•
3$
-
46%
3,900 ft
36%
36%
3,300 :
...
4001 y
56
56
56
13%
13%
13%
13%
3,200 i'
17%
18
17%
18
1,200
*54
-
■
7%
29
•7%
29
A
a
7%
29
.
14
-
46%
,
*13%
j;
36%
46%
40%
•.
'
*13
*57/a
5%
300
16'/a
59%
21%
7%
.
9 per
share
4
*89
90%
57/a
11%
*10%
.
21%
21%
21'A
*89
.
■
if
400 U
<
33%
SALE PRICES
'
17%
13'A
33%
Aug. 18
4%
58'A
,63
33%
•
Wednesday
11
*16%
...
33%
6
I per
1,800
11%
6
pershere
>4%
43%
11%
90%
*89
AND HIGH
*10%
11
42%
12%
21%
21'/a
*
Tuesday
9
42%
*11%
15%
6%
Aug. 17
share
*40%
12%
(
d
2,900 Ci
9%
24%
17'A
33'/a
90'/a
.
2,100
195%
*16%
?
2,300 -d
-
r
*190
167/a
15%
21%
,
37%
167/a
33'/a1
15
5%
Aug. 16
I per
•*
M
200
23 %
*24%
25
198
i!
| l
19'A
237/a
9%
9%
9%
25
*193
80
41
41
*11%
12%
21%
*89
•*.
||
15,700
14%
37%
37%
400
117
17
*16%
41
,
15
Monday
-
X194
.
33% '•*, 33%
21%
90
5%
17
39%
-
•"
25%
195
''
40%
15%
10
9%
25%
:
<
*
1,900
9%
68%
*18%
24
37%
193
193
34
24
38%
10%
'
*16%
33%
24
38
25%
10
25
194
*185
23%
38%
38
9%
25%
9%
25
23%
14
19%
*18%
19
*18%
117
14%
14
14%
68%
117
117
118
14
14%
2,900
10,700
97 '
*94
63%
68%
68%
*9%
9%
97
*94
97
•
68%
•
*9
9%
9%
9%
*9%
9%
97
13%
...
6,600
13%
14
16%
14
CLOSED
500
29%
25%
68%
I
20% May 24
Jun
*12%
16%
116%
50c
Mar 11
7% Jun
39%
12%
25
21%
Aug
28
*38%
12%
25%
21%
11
Feb
41%
40
12%
16%
58'/a
17
Feb
*40%
38%
12%
,
25%
57 %
Dec
59%
41'%
40
12%
16%
68%
I per share
2,200
13%
18 .V
25%
16%
Dec
21%
13%
18%
16%
15%
Dec'/
*40%
13%
15%
24%
4%
19%
Dec
41%
200
94
18%
*10%
Dec
12%
*40%
r
28%
*92
16%
--4%
Dec
41
13%
13%
STOCK
13%
May 22
'13%
13%
14
KXCHAN01-
18%
4
93
13%
116%
100
*-•
7,300
93
18 %
9%
Textron
common
28,700
29%
29%
941%
13%
*93
_i_No par
10
Pacific Ry Co
79%
79'A
28%
13%
Trust—
65% May 24
79%
47%
78%
24'%
25
1
Producing
8,100
47'A
28%
5
5
Texas
'6,900
15%
Par
300
-
65%
47%
79%
29%
9
8
107
65%
47%
18%
Aug. 1L-
Texas Co ' (The)
*104 "
65%
29'/2
28%
13%
.
Corp
105
64%
18
Saturday
Corp
*102%
40
*92
-
(James)
Talcott Inc
l03'/a
41 %
35%
93%
30
STOCK
»'
700
*12%
35%
*92
1
»
3.300
95%
47%
^
12%
15
EXCHANGE
190
23 'A
95
*39
40
LOW
STOCKS
390
3,800
*40
41%
13%
300
100
'
13%
13%
100
1,500
23
22%
*93
94%
160
*22
.
95
78%
29%
•
18%
*38%
28%
94%-
18%
4,500
10 3 i
71
28%
79
*92
10 %
70%
22%
47
47%
79%
,
Symington Gould Corp
103%
47%
79%
10%
71
-
*92%
22'/a
95
*92%
29
10c
56% May 12
477/8 Dec
2,400
*
65%
93
104
93*103
47%
12%
10
Sweets Co of America (The)„4.16%
Swift <fc Co—
25
NEW YORK
90
21%
*39
Superheater Co (The)
_No par
Superior Oil of California25
Superior Steel Corp—50
Sutherland Paper Co
26%
65
12.50
Mining Co
100
651/2
25
I
Sunshine Biscuits Inc
■;,»
19% May 27
68% July
28
64%
1
Corp commop
preferred series B
4% %
.
14% Mar 16
24
27%
90
T
Jan
28
21%
*40
'
11% May 21
Sep
27%
64%
xl3%
Co common..
-—No par
(4%%' cum).100
Sunray Oil Corp common-—
1
4%% preferred series A_J
25
9 per share
10'/«
60
27%
1,500
24 %
92%
5
■
53%
.400
65
24%
89
•93
Class A pfd
Highest
Jun
1,100
6
.
65
24%
102%
Sun Oil
,
Range since Jan. 1
67
6
.
24%
25%
28%
$4.50 series A preferred——No par
Range for Previous
5% Jun
6%
*5%
•
24%
25%-,
78%
5
100
15
—
10
10%
23
Swift International Ltd
11
6%
67
24%
24%
267/a
26"%
100
Sylvania Elec Prod Inc coni—No par
$4 preferred—
No par
3% Feb
67'/a
*65
67 Va
■
24%
47%
25
25
8
Jan
*6
*65
63%
3
9% Mar 16
5%
92%
Jan
Feb
5%
5%
102 %
—No par
' Jun
8 per share
5%
6%:
*65
67%
5%
5%
5%'
22'A
91
Lowest
17%
:5%1'
*5%'
*'■
V-
300
90 'A
22
'>•
5%vf?
6%/-
21%
par
26
Year 1947
•W6<%*
' M
17
*88%
par
21
4% Mar 12
■
17%
*16%
89
27
Feb
.j S
5%
30
72
*70/*
26%
17 % Feb
Aug 13
200
•
88 %
80% Apr
10U»/4
3%
43%
25%
Feb
May
21,000
100
39
23
par
Jan
12
500
19 Va
47
29'/a
100
par
28%
58% Nov
20%
19%
20%
19%
26%
5
1
27'A
Jan
20%
19%
55%
10
104% Mar
36% Jan 27
...
270
*20%
19%
12%
41%
28%
24'%
Dec
21%
95
54
*38
29%
67%
Dec
14% Aug 12
1,100
83%
95
43%
■
Dec
46% May
33%
*81
54
12%
39
*5%
79%
Aug
33
83%
93%
20'/a
56
*54
41 %
17
18%
7%
33%
93%
54%
20%
20 Va
700
*45
28
Oct
3% May
200
29%
30
43%
Jan
13% May
22
19%
3%
7%
3%
4
900
*21%
*31
95
25,200
120
*20%
100
*99
99
29%
21%
14
95
40 %
27 %
27
30
33%
83 '/a
♦81
400
1,700
120
22
*21%
33
32%
„
5%
30%
*39
40%
120
*29
30
*29
83%
*81
21%
*5%
27%
26%
120
2,300
29%
30'A
*39
120
21%
22
<:
21 "a
isb'/a
xl20
138
6
,
600
6,700
6
6
•5%
*5
29%
40%
*39
27%
26%
*133%
6
5%
30
29%
40%
*39
26%
*5
30
29%
6
6
5
5
-
134
41
37%
May
11%
6
5%
5%
4%
29%
♦38
Jun
25
1,660
11%
11%
11%
11%
12%
40%
*12%
Jan
x30% Feb
76
*74%
76
*74%
13
'
14%
10
22'A
22'A
11%
7%
30%
9 per share
41
22'A
89%
'
July
120
31
21% July 19
I per share
40
22%
13
Stokley-Van Camp Inc common
1
5%. prior preferred—
*
20
Stone & Webster
1——*
No par
Btudebaker Corp ,(The)_
1
1
11% Jan
\8% Aug|ll
113 % Jan
Highest
2,100
1,300
39%
99%
(J P) & Co Inc—
Stewart-Warner Corp
'
29%. Jun 15
16 % Mar 16
19
Lowest
1,600
31%
39%
,
26'/2
r
8
18y8JuIy
Oct
10%
32
32
89 %
Stevens
2
27
Mar
11% Jan
94
8
18
/
2,600
*96
26%
3%%
7
36% May 21
16% May 26
11
1,000
98%
98%
*98
77
*74%
*
77
12
11%
12'A
11%
54%
$7 prior preferred-!
—No par
Standard Oil of California—No par
Jun
97
10
Mar
Oct
Feb
V 5% May
2,200
7
7
12'/a
99'A
-$6 prior preferred-*
15% May 21
32% Mar 12
88
19%
<
11%
22'/a
22%
22%
*
'
17
36%
Oct
11%
7%
27 '/a
25
115% Jun 25
73
Jun 15
27
Feb
91
Nov
Dec
11%
11%
*3%
Sterling Drug Inc common
24%
11%
13%
19
39% Jun
160
22%
*74%
77.
99
Jan
Jan
22%
20
Jan
17% May
16,000
31%
41
*95
49
101%
38%
32
39'/2
*81
18
45%
32
40
*31%
15% May 21
32% May
8% May
31%
39%
29
6
12%
31%
*21%
11% Mar
Jan
31%
133%
43% May 11
7%
38
*6%
3.9%
26%
41% May 26
75% Mar
37%
98%
*96
98%
*96
7%
37%
11%
,/ 11%
ll3,4
700
7
*6%
*6%
-
7
7
7
; 11%
98'%
*39
11
125
*
7
,
11%
5%
16
Dec
11%
4VbI <•:
Feb
May
37%
11%
ii%
7
29%
Feb
51
37%
12
11%
40%
38
114
37%
37
37%
~
37
Feb
7%
11%
Oct
Apr
*6%
43
48
*12%
Feb
15%
7%
*74%
Feb
109%
*6%
22%
47
July
7
38 %
17%
10% May
47 %
48%
31%
49
105
800
47%
99%
(E R) & Sons common
preferred
No
Brands Inc com—No
$3.50 cum preferred
No
Standard G & E Co $4 pref—No
$4
Standard
91% Jun
Feb- 11
13% May
,
48%
*98
Jun
Feb
47%
11%
May
r
47%
*6%
10% May
17
46
11%
41%
25% Feb
17%
26%
Squibb
11
M»y
17%
46""
preferred series A
Standard Steel Spring common
D"4% convertible .preferred
50
Starrett Co (The) L S
No par
Sterchi Bros Stores Inc
1
10% May
17%
99%
2
Standard Oil of Ohio; common*
16
100
17'/a
.
18%
14
Oct
56
*17%
21%
Jun
Jan
*54
17%
18%
35
24%
22
56
17%
17%
37%
3,100
22%
V
22
*53%
21%
27
21%
173i
19
24% Feb
Jun
56
*17%
22
31% Aug
19%
*53
19
Standard Oil of New Jersey
14% May
53%
22
Standard Oil of Indiana—
30%
53%
21%
18%
23%
15
104% Mar
53
*82%
■:
21%
18%
16
Dec
22
18%
Jun
Dec
22%
18%
53
May
84%
21%
10 %
92% Jun
88
1i4%
*82%
71
11
12
84'A
10%
13
34
84'A
*82%
14%
300
70.%
27
37
14%
3,000
10%
69% Feb
Jan
14%
14%
"
70%
36% Feb
105
91'A
%
27%
54% Jan
Dec
*90%
10
*90%
,
21
*6%
300
91'A
14%
*82'/a
13,700
*92
71%"
July
94
*
*46%
94
27
10%
80
Jan
94-
46%
*92%
,46%,
*70%
July
44'A July
23%
<
71%
63
63
29%
46%
26%
37% May
Mar
29%
•
14%
.
■
14%
*70%
29
29% Jun
27
97% Feb
50% Mar
14%
14%
29 Va
L
2
—No par
Jan
104
2
Feb
89
36%
14-s
.
91
*90'A
iw:>-
91
*52%
—No par
Square D Co
11
22% Mar
82
81
17% May
84%
100
preferred—
29% Jan
18%
Nov
Dec
*90%
".'14%
94
..
/ 290
17,200
14%
14
94 V'i:
*92%
,
28%
.
20%
IriL
23% May 15
Nov
23%
May 14
74
.
99
83
46%
,—10
Spiegel Inc common
*.,Conv. $4.50 preferred
Mayl5
14
27
13% May
,*45%
v
3i800
111
110%
Spencer Kellogg & Sons———1
Sperry Corp (The)——I
*
_1
2
30% Juri
20
Oct
17%
68%
46%
*82%
Ia G) & Bros
1
Withington——L_S"l_No par
& Co common
i.i
1
$5.50
.
20% Feb
24%
May
16% May
46%
90%
Carpet Co com„20
Spalding
Feb
7%
93%
46%
10
91
18%
17%
•
20"%
May
29%
14%
„Nonar
Southern Railway common—No par
5%
non-cum preferred.—i
100
Mobile & Ohio stock t*Ws
100
May
6
14%
28%
90%
Pacific Co
Southern
4% May
15
13%
28%
*92
Typewriter—fTo par
Socony Vacuum Oil Co Inc
15
Solvay American Corp 4% pfd_100
South Amer Gold & Platinum
1
South Carolina E: & G Co com_4.50
5%
50
preferred
f-5 %%
conv
preferred—
50
Southeastern Greyhound Lines
5
South Porto Rico Sugar com_i.No par
8% ^preferred ——
25
Southern California Edisoiu
25
Southern Natural-Gas Co—
7.50
8% July 28
45% Aug
6
57% Aug
5
17
52
"l4%
V
4
Feb
39
14%
28%
Smith & Corona
May 17
5
24
5% Mar
Jan
Nov
5%
42
111'/a
13%
93%
par
par
preferred
4.20%
July. 9
19% Feb
Jaii
13% Mar
23%
98
26
111
110%
13%
9,500
11%
*89 %
111
111
28%
93
cumulative preferred—100
3%%
17%
111 %
*45%
1
15
1
5
Corp———
\A O)
Smith (A) & Sons
39 % jun 18
30% Mar 17
Jun
Smith
89
17%
28
par
Corp of America
89
111
95
11%
11%
11%
18
17%
10
118
*89
11%
*89
18
13%
*111%
par
,
17%
17%
Coalition Mines—,
Simmons Co
1
No par
Simonds Saw & Steel—
;No par
Sinclair Oil Corp
No par
Skelly Oil Co
—_—
15
Sloss-Sheffield Ste:el & Iron_20
21
10
28
87% Dec
Jun
Pen Co
17%
42%
91
11%
11%
91
*89
91
42%
42%
42%
11%
11%
11%
*89
1
»
Silver King
32 % Jun 21
160
—
Oil—————
Union
Sheraton
8
Jan
44
92% Feb
39% Oct
<29% May
Shell
15
•
11
Feb
15
Dec
Oct
117%
Mar
18
14
35% Mar 13
'
(W A)
Sheaffer
5
7% May 18
36
May 15
5
*111%
95
1
No par
Cor^—
No
common—No
$3.50 conv pref .series A
No
-Shattuck (Fjar.k G)-,
No
7% Jan
•
Jan
39
46% Jun
11
116
*89
1
a——;
Sharpe & Dohme
Apr 21
78
*111
95
5
Steel
Sharon
44% July 15
10
5% Mar 17
4% Feb
Feb
27% May
Mar
12
9% Feb
4
'
116
*89
No par
._
Gas
Oil &
Shamrock
2
36% Jun
Apr
20%
preferred
$4.50
Jan 31
104
Feb 26
11
94
jun
43
*110
95
-5
«
Refrigerator Co
Seiberling Rubber Co
8'A May 15
14%
9% Mar 16
Feb
16 %
10 % May
101
Feb
Seagrave Corp
Sears Roebuck & Co—
12% July 12
8
29
5% Mar 17
3,700
112
preferred—-100
42% May 18
10% Apr
16 Vs
Dec
Feb
5
31% Feb
16%
Oct
6%
Feb
10%
5% May
11
10,000
*89
to
._*«
1
Oil Co of Bel—No par
Seaboard
6
July 26
59% May
14'/a
43%
112
Seaboard Finance
14
13%
95
Air Line com v 10—No par
preferred series A———100
5%
13%
115
Seaboard
7
10
.3.35 % cumulative
6
Feb
39% May
30 Va May
Apr
53
13%
*89
preferred
Scovill Mfg Co 3.6$% cum pfd__100
Scranton Elec Co (The) comrnon__5
9
53
13%
42%
1,500
54
53%
53
x52%
13%
*111
No par
No par
$3.40 cum
Jan
95
44
23
May 27
53%
13
43
5
LI.75
Arms Corp
Schenley Distillers Corp
Scott Paper Co common
53%
13%
42%
Shares
13%
53%
42%
the Week
tper share
t per share
for
Sales
Aug. 20
Aug. 19 •?
•
4 per snare
13
CLOSED
Louis Southwestern Ry.
Savage
9
Feb
24%
11 % May
July
35% May 21
5
Dec
40 %
16
Jun
Jan
8% Feb
11%
Aug. 18
Friday
Thursday
Wednesday
*53
EXCHANGE
Co__100
5% non-cum preferred
—100
St Regis Paper Co common
5
1st pfd 4.40% series A
100
Safeway Stores common
5
5% preferred
100
16
Jun
Joseph
St
20
21% Jan
2
17% Mar 19
7% May
6
48% May 15
9 per share
STOCK
Lead—10
St L-San P Ry Co com v t c__No par
Preferred series A 5% vtc
100
St
9
61% Jun
39% Feb 24
65%
Jun
40
HIGH SALE PRICES
,4ND
Tuesday
Aug. 17
* per share
Aug. 16
"
9 per share
Par
,
9 per share
fper share
I per share
share
Highest
Lowest
Highest
Lowest
S per
Aug. 14
'
Monday
Saturday
STOCK
NEW YORK
1 *
Range since Jan.
L(
STOCKS
,
Range for Previous
Year 1947
RECORD
STOCK
YORK
NEW
1948
Monday, August 23,
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(7601
*13 Va'
14
*i3yfl
7%
29% avi
14
*7
1,800
.
440
•
Volume
Number 4727
168
THE
COMMERCIAL
N EW
Range for Previous
I fler share
13*8
6%
16%
10
Jan
24*4
J
Sep
38
85
'
Dec
3*4 May
20
39 *2
18
'94
Dec
:•
95% Jan1
14
29
Mar 17
23*8 May 27
Timkeh
Detroit
Mar 16
55
Timken
Roller
15*2
Jan
22*8
1
Jan
104*8 July 12
10*8 Feb
27/:
12'
20*8* Nov;
7*4
.
21
Jun
,
Dec
112*2
Feb
15*4
Noy
Dec
> 38*4
Dec
3Q
■
Nov
51*2
9.% May
33
92-
Feb*
16
'
17*4'July 30
Jan,
Jun
104
Feb
5*8 Mar
24
Feb
17*8- Oct
Jun
"
Dec
43 % May
■
'
9,% May
25 Vu May
105
15% July
58% Feb
9 *4 "Apr
37*8
Dec
115
106*8
Dec
85:
«
Sep
91
Feb
,
.
9
-
21*2 Feb. 11
16% May
102
Dec
■,15 V*
Dec
/75
25*8
Dec
18 Va
,
22% Feb
105*2 Jan
Dec
110
Sep
Sep
Jun
3*8
Dec
50
* Dec
33%
2%
83
Dec
-
Jan
Dec
65'/a Dec
11% May
95
33
43%
.
44*8
Jan
59*4 July
"20
Dec
24*4
Xtye May
91
12^4
May
Dec
171
,
13%
'
33%
f
Dec
15 *2 Feb
Oct
39*8
Nov
5
24*8
Oct
Apr
46*a
Dec
May
*e Aug .16
15% July 9
7 % Mar 30
Oct
39 % Feb
49:,
Jan
13
.25 *8 Feb
14
73.
Feb
23 Va May92
Dec
39
25
Jan
40%
Dec
103*a July
60% Feb
127V'»
Dec
165
38»/t May.
«7
67*8 Mar 17
129.% Mar 10-
Feb
48*4
Feb
8*8
17*2 Feb
Oct
Jan
8
Jan
109%, Jun
Dec
8%.Feb
11
Jan
29-
26
Feb
; 11*4
Feb
23%
Dec
192
Dec
Dec
12*8 May 26
-
•
29%
,
91*8
)
4
19:
Mar
150
Feb
10'
Feb
56.
,
.
15
34
13
Feb
Jan 21
Jun
20
Mar 16
17
10% Jun 11
17
Feb
-
Leather
6
23 % Jun
8
May22
15% May 21
Feb 2^.
70
May 20,
t per share
■;
f
>/
$ per share
13*4 May
;
&:
14 Vs.
;
>v >
Lowest
$ per share
Feb
?2
18%, Feb
Dec;.
14*2 Feb
-y*«-.
12% May
r.»,
26 *a
20%
Dec
39
Jan
Feb
12% July 19
-
'
22
,
Mar
3
US Tobacco Co
m
7%
$6
conv
'■'•v;-Ky
Universal Leaf Tobacco
8%
YORK
„Vanadium Corp pt Americft^JNoipav^
Norman
Van
Raalte
15% May 21
Vertientes-Camaguey Sugar Co"
29% Jan
Vick Chemical Co^
2.50
new—'
lft
94
95
Nov
37% Mar 10
48*8 Jun
24
Vicks Shreve & Pacific
Ry com__ 100
5% non-cum
preferred—_I_^10o
Victor Chemical Works common.
5
87*a Feb
96*4 Apr 23
14% July 13
May
Nov
112
:!
>/
..hi!
Oct
Feb
Dec
45
Dec
40
93
Feb
Feb
14% Jan
109
18
«...
34%
Jan
Jan
11
7
6
7
35% Mar 30
124% July 12
18*8 May 15
117% Jun 14
23
Jun
2
Oct
38
Feb
Feb
10
30
Dec
38% May 11
34% May 3
39*4 Apr 26
33%
Nov
28% Feb
19
30
,
32% Jan
5
Aug
33%
Oct
29
Apr 15
32% Jan
13
; 31
h'l
i*
Nov
16*8
121
Dep
!■
't*"
Jan
30% Feb
10
32
6%
div
partic
Virginia Eiec &
$5
Va
&
*90
*31%
92
*89
common.
11%
_!
31*4
'76*2
77%
134%: 134%
*41
1
42
5*8
9%'
9%
*89*8'
4%
94
4
-
27
17%
21%
164%
7163
10*8
*2
-10*8
61
t
ARB
hjQI
Tuesday
.:>, Adg.lt>
22
BALK
12%
23^:
13%
23%
4
-
12*8
114%
21%
*36
36%
32
33
29%.
*31%
,
*29%
58
62%
62%
62%
160
Friday
SalM tee
|
Aug. 20
Ike Week
4
Sharee
%
I per share
,
13%
24
24%
13*o
*88
*90
93
40
39%
92
12%
23%
92
93
*110
13
24%
...90
39%
*90
12%
*90
39%
12
114%
*88
39
92
*90
12
*108
115
114%
112
17
*113%
12%
114
17*8
17
114
113%
*2Q
22%
*20
22%
*20
36
*35
36%
*36
36%
36
31%
31 %
1,200
13*8
>
1,400
I
bOO
24
10
93
-
—
39%
2,100
92
12%
3,500
116
300
J
17%
5.200
113%
290
;
300
j
}•
22%
36
31%
33%
*33%
33%
33%
33%
29%
*28%
29%
*28%
29%
29%
29%
*29%
30
*29%
30
58%
58%
*58
59
*58
31%
t
700
8oo
.
92%
33%
'
31%
22
*28%
.*31%
29%
.
12%
24%.
114%
30
10
5,500
I per share
17%
*29%
300
10%
24.
13*8
*90
33
•
22
24%
17*8
*28%
'
30
'57%
33
>
200
167
*12*8
*90
12%
it
100
10%
22%.
35%
32
*32
*28%
*2Q
300
7%
10%
Thursday
Aug. 19
-
share
17%
114%
*21%
*164
t
7,700
*
18
7%
22
-
4%
26
*21%
90.
112
17
*17%
7%
67
94
4*e
26
•
12 %
gs
112
*89%
4*4
-
22
*90
S
30
500
24
*23%
94
3,000 i
*
12%
13%
17%
41
21%.
24%
11%
41
12%
sa¬
112
900
18%
22
*23
40%
14,300
134
23%
21%
*M-.
39%
*62
•
78%
.
18%
*12*8
23%
*91
10*4
800
PRICES
23%
"13*8
39%
62
Aug. 18# per
12%
23%
"13%
;
i
Wednesday
22
12%' "
*164
10%
61%
9 per share
21,
22
163%
10*8
:
134
18
*21%; 21%
7,60
47
70
1,600
*17%
,163%
10*4.
61%
20
9%
26%
*7*8
900
5,800
128%
H 77%
94
*89*4
7%
31%
92
45
5%
4%
7%
100
9%.
*25%,
8
57%,.
1,100
>500
5%
.4%
18
5,900
48
9%
.26%
i*17%.
2,000
%-
8
5%
;
4*8
17%
21*8
21%
94
16*8
'
41%
*5*8
9%
26
*8%.
46%
18%
*25%
.
*7*a
166
5%
9%-
*89*b
4%
27
i
17%.
8
5%
9%*
r
900
*69%
77%
*41
.42
10
5*4
127%
134%
18%
400
300
31%
46%
70%
11*8
72
33%
44%
71
134%
18%
*41
5*4 '
'
18%
2,000
172%
11%
*89
129
46%
100:
'
106%
57%.
•
44%
*69%
70
19%
47%
92
Xl28*4
3,500
96%
15%
•
31'A
*89
71
'
58
X44
47%
*20
Viskjng Corp (The)
Vulcan Detirining Co
commoi^^.JO7% cumulative, pref8rFedto-.\-al^.30>i
31%
*69%
25
_25
*57
3,300
y
5%
25%
■f
47%'
92
*46%
...
114%'
47
500-
33%
8%
46
45%
71
25
;
47%
57%
47
94
♦106%
16%
10
pfd
46%
*8*4
:>■
18,300 f ;
1,600 >.?■•
27%
..
*70
16*a
*69%"
93
39%
*91
„__1001
Coke 4%
preferred.
•57%
31%
93.
23%
*170
"
-
25%
16„
8*4.
*46.
94.
:
*90
1QQ
com
1
Virginian I?y Co
'■'V'
32
900
300
•;
-
100
-
W
57
I
f
Apr
75%
Feb
57% Aug 16
66
13%
Apr
17%
Jan
13% Aug112
15 % Jan
29%
i1
Apr
36%
Feb
100
Dec
109
10%
21
'
July
100*4 Apr 29
Jan
Xl8*a Mar 17
Feb
Feb
10% Mar 12
106% Mar
Dec
-
Pr>v
11
Jun
27% May
Waldorf System
4
35% Jun
104
Wabash
Walgreep
14
21r
13% May 24.
16% July 13,
x83 *8 Mar 12
101
Feb
10*4 July 16
14
May 22'
36%
NOV
24% Aug 18
20% Feb 10
32
Jan
34% May 14
27
May
19% Deo
j 17% May
8% Feb
2
8*
Jan
18*8
Jan
!■
1%--
11
1-9%
Dec
12
Feb
13%
Dec
88%
x30
24%
xl7% May
7% May
i
Co
preferred
Iron Coal
6%
preferred
Pwr
57%
25%
16%
-8%
130*4
9%
104%
6
130%
5%,
;
13*8
3 % % cumulative preferred
100
Va-Carolina Chemical com
No par
2
7*8 Mar 16
*47
*5%
54%
*18%
•
33%
25%
42
& IIS
173
*33
4,300
400
24*2
^;27%
'& 86%
104*4
*170
35,800
,
'
70
%
54%
,
19%
5%
.
130%. 131
61%
x23
_
5%
25%
47
28
"
96%
5*4
*89
41%
*12*a'
CLOSED
*95\
34%
18*2
20
STOpK
EXCHANGE*
173
31%
I per share
2.50
Inc
27%,; 27%
104*4
110
41%.
*18%
105%
11%
42
54*'" 54 %
20%..21 *4
15*4
15*8
*33
46
Monday
Aug. !«[
J.6%
Co—
Co
V
19%
*1701.
77*8
*61
there
-
96%
•
•
,Vi?
27%
104%
134*8
10*8
I per
96
X16
M|W
Par
15%. ,45%
*18%
24%
*41':''
21*8
33%
18%
*21%
Saturday
Aug. 14
43%
'MM* > i
200
3,100-
5%
*68
x24
1,200
48
5%
*
'
11*4,
76%
*163*2
2
*41%
6%
70
24
70
134%
*17%
*7'%
*5*a
»68
'
11%
18%
.4,*a.
?"
6*4
70
24%
«
'
4
48
70
76%
*89*8
STOCK
3*4
46*8
i
11;%
134%
*27
com.No par
3*8
45*2
72
9%»
preferred-.^—
3*4
45%
3*4
45*4
46%
*5%
Universal Pictures Co Inc com_—l:
4%% preferred
—10ft
48
3*8
45'%
.48
72
18%
Universal-Cvclops Steel Corp___„.l
Universal Laboratories Tnc—C-^—l
'• *3%
*70
75%
'
3%
4
72
134%
preferreqj_r^_^No;par
35%
3%
47 f
1,600
11%
34*4
6%
25%.
•
40Q
11%
*56%.
130%
*41
21%,
34%
16%
16%.
*8%. ...-8*4,
-
40
75
21%
*33%
46
46
*69*2
75
21%
-5%
8%.
58
76
33%
16%
130
United Wall Paper Inc
common___3
4% cum conv preferredL_______50
13
31%
j: ;
16%
9'?SS|
35%
23%
96*4
25*a
*8%
IIS
34%
3*8
173«
im
5%
•10?ll08Vi
.E* E*
*33%
484 i
49%-
*71
26
6,260
*ll*4'tll%
45%
104%
-
34%
*33*4
->27%
34
1.20Q
34*e
;
5,900
3,100
11%
15%
til
49*a.
35%
15%
*170
89
34
*68%
104
35*b
88
49*8
26%
21%
21$
.
>;,i>
96%
34%
34*2
>*73%
.
16,200
34
*33%
70
19%
1
,
11%
■
24%,
*95
3,000
40%
*92
49*2
26*8
22
21*8
72
*33
.*
21
14
)
*71
preferred-.
25
United Stockyards Corp™.
i
United Stores $4.20 non-c 2d pfd—5
22:
26
*168% 174, >}.
*10%
11%.
43*2
1.
75
.
53 %.
; 96*4.
i
34*a
83
33*8
26%
75
20%
♦•16v%# 19*4
*103' ^104%
non-cum
Feb
j
;
*95
1,400
1103% 104
13% '
53%
46
Feb
107%
15*8
>
26
800
1,400
13*4
40%
107
42%
^
90*2
86
■
•
•:
45*2
86
69
i\'
|;
)
15*8
,
12%
•
20*8
,
:
33%
262a
6%
v
10%
34*4
Ik 11
88%
49%
t41%
,
51%-.
21
I
35%
88-
43%
:>>52%
43%
90%
Feb
50%
*6:
100
Jan
104% May
10% Nov
'
53%
83
3%
24.
51.
_100
94%
Dec
80
80ft
13%
96% H
-
*69
31%
94
5*8 May
200
9%
53%
103*4
45*8
6
31%
Nov
85
z
26*8
*10*8
*13 *a
*81
Hi
24
20%
10*2
10%
53*8 .1,53*8
13% >
34*4
34*4
•
1
35%
3.*a
7L
*41;.%
10%
53*4. t :
13%.
103*4
>
45%
.
24
*56
Nov
35% May
8,100
*9*4
*92
107
ISt
>■:
47%
1
85%
;>>'
>9*a
83 I
21%,
11%
3*a
.10-
Van
0
9%
2,200
%
26%
96%
m-
>;
75
*33%
*67
No par
com
EXCHANGE
May 28
Jun' ' 4
6%
26%
as»
.*34
45*4.
46
84
•
6%
26%
'210
'
ill?
98
,
*93
12%
21%
49
3%
U S Smelting Rsf & Min. com—v-50
7% preferred* .L.
50
US Steel Cori* common___._No
par
7% preferred -.-I
u-—100
NEW7
24% July 14
15% May 17
98-
101
34%
40*8
3%
45%
5*4
4
1ft
_"20,
26% May 21
j.
21
103% 103%.
;
110
r.%
4
ilo
$ per share
10
12.
Aug IT
2J% Feb 16
...
'
«...
;>,: 13,000
18*4
40*8
.26%
*74
*47
.
•
1
1st preferred.:
non-cum
Highest
•
UU,TT^«V
300
■
8%
20*4
40% r
34%
12%
,
34*8
5%
Range since Jan. 1
Highest
3,400
3,200
17*4
34*4
34%
40%
33.%
25%
*107
>
;
.34%
%
33%
STOCKS
Year 1947
12
15%
18
18*4
9*a
13*4
35
88
11%
25%
8%
170,
July 19
11%
*17
*81V
49%
.
53:
%y
86%
35.%,.
common____No par
Range for Previoua
Lowest
Co
U S Rubber Co conimon_
<9
6*4 Jun
Aug 20
16
11*8
__l0O
U S Lines Co ^ominoni„.;
8
*98% Jun
'
3% Mar 17
FebFeb
Dec
13*4
50%
19*8 Jan
6% May 21
52'"'
Dec
163 %
140*8 Jun 24,
•
42% May 20
22
16
20
•
2
93
f
10*4- Jan,
Dec
May
4 %. May
Jan
1
4% Mar 16
•
12*4. Feb
K%, Dec
38
10
-
Apr 21
83% July 14
,
1,300
8%
3V'
28
10%
•/
V
83
34*4
21 %
Partic & cony "lass A^_>—_No par
.
13
72
Dec
5
5*3
1,33*4
58*a Jun
Mar
US
49*8 May 15
137% Jan
7
23
Dec
"
8
150
Nov
38
6
66*4 Jan
!
5
preferred-__.„,^_,>
96
49%
*33%:
U S Hoffman.Machine' CorpI
__5
4 V*%
preferred
:_100
U S Industrial Chemlcals____No par
•
"
104*8,
*81.
*33%.
3%
No par
9 % Hay
J •'-4*>%-'-nrBferr4»rt."... ,• t.'
53%. July 13 ': U S Pipe & Foundry____J„^
58.C July, 9
'U S Playing Card
37% May 21
U S Plywood Corp common
94
May
7
3*4*# cum prd series A—
;
11
'
Jqn
41 *4 Jan
Feb
81
80-
Feb
38% Feb
7%-
v
>
74
21
p.r^erred_i__^___ljoipa*
7
.
50%
101
98
*9%
40*8
110
74
United Gas Improvement Co
13%
United Merch & Mfrs Inc com__._l
21 % J an /U:-
-
125% Mar If
91%, July
Dec
61*8 May
133
Dec
117%
87
Feb
.
9
36
,
60Q
1,300
9
18*4
,
6%
34%
/
12%;. 12%
%
3°2.
_J—.'-tOO
Cos.^
Unitefl Engineering & Foundry_^__5
United Fruit C.o_
^__^.__:Npj)ar
2
8*8 Jan
9,600
20%
101%
35
*26%
34%
34%
25%
*107
Qypsum Co comm'on___i___u20
42*4 Jan
27%
104
15*8
is
19%
•r
49*a
33%
Freignt-Cq^-—-par
4
11%
17%
8%
18%
98
9%,
87
.
*25%
c
Rights
11
Jun
200
'
49%
>49
101
19%
29,;
104
34%.
86%
far
U S
16
*6%. Dec
34%
United Dyewood Corp common__-'_l
17% May 14
40
1,100
20
11*8
9i
18%
10*8
104;
,49*8
7%, preferred?
United Electric Goal
va Mar 15
10
■
Car_____"__L_[__-iip
•
76'
600
>
28% "
26%
200
>>:
3*a
103%
14%
*16%
102
*34*4
13%
83
,U S
69*t May 7'
32*8 Aug 11
11%
a%
39%
96%.
•
Jun
27%
20
49
..
.
47%
*101
53*8
.
40%
*81.
'
179
.
*26%
104
19%
15*8 ••••':
.
28 %
104
,.
3*8
400
>
'
ia%,
..
34%
*92
24% May 15
,
11%
14%
3*4
27
;
;
49*4
16%
*10%
.
par;
113*4 Jun '9
,
27*8
X49%
..,53%
13%.
39%
United Aircraft Corp qomraon
:__8
5% convertible preferred„__>100
United 'Air Lines Inc .commons
10
101
11*4 Aug 19
Feb
Feb
10
53*a
•
34%
j—*.->-50
new
Tank
32% May 15,U S & Foreign Securitlesw,
Jun
9
$4.50; 1st
.
168*4 Aug 11
Jan
10
53*4.
4%.%:-cuipulative preferred^1.100
Aug
6United Blscpit Co
par
Jan. 2
- United
Board &
Cartqn Corp
^^10
July'l2
Unitejd Carl^pn Co
'No par
July. 7
Unite'd-Carr, Fastener Con»4_lN|) par
July 15
United Cig-Whelan
Storep'conj^Soc
Jan
8
$3.50convertible preferred
^^^100
May 15
United Corp common^
2_
May,2Q $3 jjrefer^noe*
i___B
58% May 17:
23
May 24
21% May 26
11
94
Union
3
46% Jun
11
92% Feb
9*8
16*4* Jan
9*8
Oct;
series->,__lNQ
82% Apr 22
20
Feb
$3.70
Preferred;
»
May 27
*3%.
,'>*26%
lft*4
100*8
0*3
"
104
19%
;
97*4
3*4
■
*56%
x
26
27*4
35
*26%
104,
28 % Jun. 3
,
27
Feb
53*4
5*i May
25% Jan
35
16*4 Feb
89'
196% Mar
% Dec
9
13*8 Mar 10
Oct
20*8
3%
•
21
Jan
107*4
Dec
71
37
Feb
106
May
86
37% Jan
29
,
.
104s
-
*6%
10
*13
.-
47%
'
48
.Feb 10.
'20% Feb 27
Jan
23*4
Dec
13
61% Mar 17
Jan
19*4
55.
.
16*4 Feb. 13
May
12% May
5*8
26
Oct,
-
"
36
li"
Feb
4 % Feb
Jan
19%
35%
.
May 10
40
10*4, Feb
Nonpar
.
15*4
?
8
2*8 Feb
53 *4 .Mar
.
'
23
'
5
Mar
46-
2
2
a7a Aug
5
90% Mar 22
22-
Feb.
3.-
4 *b'Jan
Dec
5%
29
,
1
i-
Cor,p
Preferred
305/a Mayl9
27*8 Feb. 20
Nov,
8*4'. Feb
Dec
^
f4J
35
'
Jan
8.
92
3'A
*98
..
♦9%
Preferred, $3.50 serip*.
-Nppar
Union Oil oL California—-nfc-26
Union Pacific RR Co com net?-50
98*4July
11*4 Mar 16
',20%
'26%
11
.
6:>
51*4 July
Aug, 12
Jan
.
Jan .24
41% Jun
,
11*4 Aug; 11
.-ii Aug 10
74
19
7
lft;
19%
*34*3.
:
19%
*6%
Union Asbestos & Rubber Co.:.
,__9
Union Bag <te Faper__l__I__lNo'par
19*4. Apr
Apr
24*4'Nov
,
Jpn
;
110*4 Jun
Apr
18*4/
33%
*26%
92
92%
i
M
*101
*98 r"': 100*8
1
■
,
Ddyllte' Corpv (The)_
,
6
28%
■
■
_
91*4
1,100
>'
,
u
'
90;
10
120*8
.
Cq
Underwood
2
15
98
July'19
Aug 10
31*4 Jan 26,
38*4. Fell,
conv
55*4
70
{V- VcH'-
15
38*8 July;
49
vuy
.Nppar
No.par
prior preferred--^50
39*8 May 26
43
Ju}y 9Union Carbide # Carbon;new_Np,par
110' Jun
8
Un El Co.of Mo.pfd $4.50 sar—No
*
83*4 Aug* 13
85"
JO
5%'
'
18
55 %
14*e
8*»
102
33%
56
55%
11%
14
,19%
pjeferre(3r._„„-_No par
8'/e
*15%
8%
8*e
102
21*8
8%
a *8
50*4
'11%
16%;
par
Dec
'
cony
Twin Coach
,
16% Jun
Jun,
,104
27
Apr
14
$4.50, prior preferred-,.,;.
Twin City Rap Transit com
\
59*4 Jun
39
Aug, 11,
103*4 Aug 18
'
Mar
5
.12 > Jan
il
27*8 Feb
'
,91»/a Dec
30
Marie.
9% Mar-16
Oct
14
*15%
9*8
.21%
27%
50*4
9
:
2,700
8*2
26
19*8
49%
9
there*
8
42% :-/ >
9*8
>vc
21%
55%
104%
19%
■
11*8
H H
;
45
15*4. Jan.
_
14*i Jao
.
>
;
'12
17
Corp
♦49
-
8% May 27
32% Jan 21
9*2 Aug-, 9
—No par
v
8
*40%
>21%
3*4
27%
19*4
9*4
8
40*3
•
40%
,/f8*8
27*2
103%
104
11%
$1.50
100*8-Jun 11
,
4
27%
19*8
___2
36% Jan 1 5
•
26%
103*8
.,
*8%' ' 8*a
*91*4
3*8
8
"v
tor
th» ffuk
*24% v 21%
;
92
*26*4
"
Tri-Cantinenlql Corp common..,.-.!
$6 'preferred^
1;-*.-_^jlp,par
.
25*8 Mar 31
16
;Jan .27
Bearing
O2
26
8*8
9*4,
•alM
Aug. CO
I per share
40%
:
21*4
Friday
Aug. 10
8*8
9*8
,
Thursday
share
40%
55 *4
J,
* par
8*8
55%
3*a
_,5
._
:',V *8*8
92%
"
No par
:
Ax?e_-
25
PR1CBB
Wednesday
Aug. 18
41
9%:
*21*4
8%
3
261
BALK
8%
41
56
56
*91 V*
No par
.
21*4
'
8
-
9*8
9%
;100
^
8
*8*8
HIGH
t per share
41
*20%
' Truax-Tjaer- Corp
;^5
20th Century. Fox Filrii com—Ho
par
.5
-
8
41
CLOSED
Transcont'l & Western Air Inc
5
Transufe & Williams Steel—:_No pax
11
19% Aug
$3.75; preferred
Transamerica
10% May 15,
107% July 22
97*4 Mar 2
12% Mar, 16.;
Jan
48
*
Dec
7
23*4 Apr
5%Feb 41.,
•
' 22% Mar 11
15%'Jan-22
Feb
*
May 2t>:
13% Jan
STOCK
EXCHANGE
Tide Water-Associated Oil com_„_lo
17-
Dec
7
15
44
2
f per share
_No par
com
—LJ.
preferred'
cum
Oct
May
93"
$3.50
Feb
34,% Aug
,
May 15
32% Jun
13
__1
AND
Tuesday
Aug. 17
Aug. 16
Thompson-Starrett Co cora--Nopar
Feb
May
21%
.>•
4*4 Jan' 6
Products
preferred
53*4
12*4
•».
4%'
21*8
99
r.
Thompson
16 '
108%
'
'•
,•
cqmmon
;
5.% May '
V
8
,
'
:H>>M
9
Co
>
15*8 May'
4Q% May
10 % May
113%
19*8 Feb
Jun!
59% May 26 '.
0
19*8 Mar 16
Oct
"•
Monday
LOW
$2% dlv conv preferred
_50
Third Avenue Transit Corp
No par
Thomas Steel Qo (The)J
L.„T._1
Thompson (J R>
•
"__15
95*4 Jun
25%
May
Saturday
(761)
RECORD
I
Aug. 14
I per share
Thermoid
19
10% Jan;
1*4 Mar 11
Feb
' ,T
*
,
CHRONICLE
>'•
STOCK
10*4 May 15
13*b Apr
24
Feb-
YORK
FINANCIAL
STOCK
EXCHANGE
47*e Jan ; 9
t
19
85
'Mar
NEW
•
stihre'
'Apr'30'
8**8 May 10"
39*4 Feb1 1*;
7*4' Feb
May
$ per
19
Feb
Jan
106
-
share'
7*4 Feb
Oct
16*4'
59*2
May
-
Feb
"
.
.
8
Mar. 16,
40*8 May 11
Feb
14 %
•
Aug
Pet}
60*.
Dec
45
$ per
$ per share
9% May
,
Range since Jan. 1
^
Highest
Lowest
Highest
YORK
STOCKS
,'W.,,v
Year 1947
Lowest
&
-
23%
f"r>tnotes
«pp
Feb
nege
20*4 Jan
17*8 Feb
5
16
Jun
27*8 Aug
r
2
2k
3
20% May 28
26.
-1T-P-
RR
4%%.
'
preferred.:
100
No par
Co common...
No par
preferred
_ioo
Walker" (Hiram 1 G & Wi—-No
Walworth
Ward
i_
Baking Co
5% %
Warner
Pictures
Warren Foundry
&
:
.
'
'.5
Pipe—No par-
*102%
13%
13%
31%
32
104
*
58%
500
*13%
13*8
32*a
13%
13%
13%
l.HOO
30%
31%
30%
31%
1.100
102*2
102%
102%
102 %
*102%
104
22%
22%
22%
X22*e
22*8
22%
22%
22%
23
1,700
10%
10%
10%
•10*2"
10%
1C%
10%
10%
10%
2.000
14%
'00
Warren Petroleum Corp new
com^.3
Washington Gas Light Co
No par
Waukesha Motor Co
__s
103
.
15
15*8.. 15%
97
97
97
1
;_1
I
58
13%
*32
]0%
'*22
No par
common
preferred—,—
Bros
14
32.%
*102%
,
par
Co
58
13%
32%
4%
1
'
y
10%
'*24
-
26%
„
?;
*26
18%
97
14%
*97
,
70
14%
14%
14%
14%
14%
97%
97
97
97
97
'
60
'
15,000
i
'
.
10%
10*8
>25
:
10*8
10%
10%
24% >24*8
24%
24%
26%
23
26*2
26%
26%
26%
18%
26%
26*8
26
26
18%
18%
18%
-
*18%
10%
*'2&-
11%
10*8
11
'
-a
24%
25%
26%
27
*26" "
26%
*26
25%;
%:
26%"
*13%
:18%
*18%
i8%A
2G>;
,
27
***
'
>:■
1.400
...
800
.
5.900
'
306,1:
'
-
•;
200
t
Highest
Lowest
to
80
Sep
26%
41
'
21
Feb
Aug 11
83% May
90
86% Jan
34%
21% May
13
80% Feb
Feo
112%
Nov
121%
Jan
103%
Dec
112%
Jan
106%
Dec
116% Aug
13% Apr
110
113
104'/a July 16
16 % Apr
32% May
47
113
Jan
Jun
9
Jun
18
22% July 14
51% Jun 15
20
38% Feb
Oct
Deo
105
July 30
107;
11
105% Feb
4
119% Jun 22
15
103% Mar 29
xl
Jun
114
104% Mar 16
117% Mar
1
19% July
13
13% Feb
Dec
2
26% May 21
3
19% Mar
Jan
108
14
14
110% Jun
100% Feb 25
I
-
Tobacco Inc
10%
Jan
6% Jan
2
10% May 18
Jan
34% Feb
14
46% May 20
Western
9%
Deo
16% July
Western
32%
Deo
22 % Mar 12
42%
Feb
28% Feb
''
•
9% May
26%
Deo
<
17%
17%
17%
17%
112%
*111%
112%
*111%
112%
*111%
112
116%
116%
116
116%
11G
116
*116
117
110
108%
109
109%
110
*109
110
109
% 109%
*109
108
108%
108
109
106
106
106
*105
19%
45%
20
19%
r46ry
105%
Pacific RR
*45%
46
105
105%
105
105
*7%
7%
7%
7%
109%
106%
*105 %
20%
20%
46 Va
105
*104%
7%
36%
37%
37%
♦37%
12%
12%
13
13
34%
*32 V*
33%
*32%
33%
70
*66
70
*66
*7%
7%;,
20 'A
46 %
46 %
46%
160
2.000
8%
7%
7%
500
106
♦104 Va
106
1,300
38
38
38%
39
1,100
13
12%
12%
12%
13
2,300
34
34
*32
35
100
34%
♦32%
34%
*32
46%
20
106%
20
38
13
♦32%
a • .•-,:■•.* ,-•••
■ inn
class A_No par
Air Brake
No par
Westlnghouse Electric com
-12%
3%% cum pfd series a
ton
3.80% cum pfd series B........-100
Weston Elec Instrument
12.50
108 Va
109%
106%-
*20
36%
No par
com
*105%
*105%
20%
108%
v
20%
50
100
300
109
108%
32
32
*32
33%
200
70
*66
70
33
33
*67
70
*67%
6,800
20%
20
20%
20
36%
37%
36%
37
27%
28%
31
Dec
25% Feb
11
105
Aug
85 % Feb
11
55
29% Feb 10
Jan
11
40% Jun
..
9
7
85
Jan
5
Dec
80
Jan
5
Oct
37
Mar 16
101% Mar
-
83
27%
27%
91
*88%
91
89%
90
90%
90%
*88%
91
*96%
97
96%
96%
96%
96%
*96%
300
97
97
*96%
34
*33
35
33
33
*32
34
♦32
1,400
34
34
44
44%
44%
45
45
45
45
46%
1,500
44
93%
93%
94
94
94%
94%
94%
94%
"No pax
*107%
113
113
*106%
47%
48
48%
48%
49
49%
88
87 Va
88
87%
88'A
*87%
89
25%
24%
24%
*24
25%
19%
Common
57% Jun 10.
98 % Jun 14
115 V
July 21
-
23"
Feb 20
Feb
V
•
18% Aug 11
July
80
Feb
-9% Feb 27
X53
Aug
2
29% May
34-
Feb
27% Feb 20
12%
Dec
9
13%
Feb
6% Mar 17
64%
Oct
51
17
Oct
12% Feb
27 Vs
27% v 27%
27%
15
126
Dec
28
20'A
55%
55'A
55%
29
*28 Va
29
♦28%
28%
*28%
28%
*28Va'
28
14%
14%
*14%
15
1,000
10 Va
5,800
*28 Va
9%
59%
59%
59%
58%
59%
58
58%
57%
58
1,200
14%
14%
14%
14%
14%
14%
14%
14%
14%
3,500
85
85%
13
,-—,—100
*128%
43
May
53
Feb
43% Feb 11
18% Aug
Deo
94%
Apr
71% Aug 20
81% Feb
94
■
83
Deo
100
Feb
80% Aug 12
83
Deo
80
Feb
68
62
Nov
70% Mar
8
May
5
Jan
60% Mar 19
9
Mar
Common
July 15
69
11% Jun 21
18%
Feb
23% Aug
10% May
45
Jan
16%
Feb
V 27% Feb 21
*10% Feb 27
37%
50% Mar
38% Mar 13
48
May 25
July
Yale
2
34% Jan
14% May
23%
Oct
15% Feb
21
23
63% May
83
Oct
65% Feb
27
21%
Feb
14% Mar 16
Corn
♦84%
15%
*15 Va
15%
*15%
15%
*15%
15 %
200
15%
15%
15%
15%
15%
15%
15%
15%
6,300
X19% May 27
9
#
132
to OO
*128%
132
34%
34
34%
46
46
46
"19%
19%
19
72
74
*80
81%
*80
*84
88
*84
65%
66%
67
10
10%
9%
132
*128%
36
*34%
*34%
20
1,700
20%
20%
73%
71%
72
81%
80%
80%
*84%
88
*84 Ve
88
*84 Va
66
65%
66
66%
66 Va
1,700
10
10
10
10
10
10
1,100
29
29
28%
28
700
13
i
;
28
13
45
7,100
X64%
10
12%
300
46%
20
13 Va
13
67%
28
36%
46%
81%
88
13
*34%
46%
*72%
*80
19%
73%
*72%
28%
132
36%
.82
19%
19%
81%
♦12%
*128%
132
46
46%
46
72
♦27%
Mfg Co.
common
*43%
50
88
13
*43%
45
28
28%
80
*13
13%
700
45
*43%
45
500
43%
•43%
21%
21%
21%
21%
21%
22
22
*22
22%
800
78%
79'A
80/
81
79%
80%
79%
81
81
81%
2,300
17
cum
43%
21%
AO
preferred.
—Novpar
Young Spring ft WireYoungsto wn Sheet ft Tube—No par
Youngs town Steel Door
—No par
4%%
87% July 12
18
ft Towne
York
16% May 24
100
86
*71%
Wright Aeronautical ——No par
Jfopar
Wrigley (Wm) Jr (Del).
41
Wyandotte Worsted Co.
96% July 28
86
15%
*84%
34%
pfd 4 Va % series
108
Prior pfd 4%% conv series—10Q
May 17
*84%
15%
No par
—
86
15%
45%
Prior
4
9%
10
86
(Del)—
WorthIngton P & M
3
9%
*15%
—18
18
(new)
(F W) Co
9% '10%
10
*84%
-
Iron Co
25% May 15
78
preferred
560
14%
Jan
6%
1,000
59%
_
Woodward
15
""20
No par
No par
preferred
Woolworth
14%
14%
19%
No par
*138
37% July 12
49% Jun 14
-
9%
10
5
20
14 Va
Mar 19
Feb
Feb
14%
19%
19%
19%
20%
14%
15%
35
8
20
*55
Wisconsin El Pwr OO common,.—18
Deo
200
1,900
55%
19%
*20
19 Va
9%
Willys-Overland Motors
v
$4.50 conv pfd series A
B4.25
100
25%
i 20'A
10
'
2,700
50 %
88
*24
♦55
Jun
Mar 30
,
55
18
15
49%
88
49%
54%
Wilson-Jones CO
81% Mar 25
113
*106%
113
19%
19%
68% Jan 21
19
Ja n 8
Jan
48%
55
Wilson Si Co Inc com
Nov
25%
.
19%
19
conv
17% May 17
99
*24%
*106%
113
770
*93%
19'A
20 %
11
20
*106%
45
40
55
I
;
Machin# com
l
preference..
.
Nopa*
Prior preference
--*•
WUcox OH Co
1
$4
12/May27.
*24%
White: Sewing
July 30
30
Jun 23
19% Jun 21
.
Co
Motor
White
*87
65% May 15
16
Nov
7
24% May 20
22% July 8
—No par
—
9
Mar
10% May
88% Deo
145% May
27% Jan
126
11
Feb
5
Jan
92
j
preferred
$3.75
66% July 13
••
Mar 18
19
27%
*88 %
Westvaco Chlorine Prod-
34% Feb
4,100
13,900
27%
Wheeling 6c L Erie Ry com—.108
Wheeling Steel Corp com
No par
$5 conv prior pref~&*—No pa*
White Dental Mfg (The 8 8)
20
95% Apr 23
101% Jun
11
91 % Feb
106% July
Feb
May
17%
*111%
117
17 %
207/a
17%
Deo
17%
112%
*116
367/a
34
Oct
17%
•111
480
36%
53%
18% Deo
6,100
17 Va
20%
/ 29%
31%
17 Va
23%
23%
36%
8% May
138
23% ' 23%
20%
76
Jun
23%
36%
Deo
Ssp
23 y2
20%
102% July
8% May
23%
1,800
23%
23%
36%
26% May
19% May
81%
82
20%
; 43% D4o
5% May
287/a
82
36%
Feb
•
28%
82
23 Ve
X. Preferred / series
May 19
14
33% Jun
9
-
-
28%
81%
<J
20%
May
84
28%
82
Westlnghouse
64
Mar
'
f
28%
82
Western Union Teleg
Nov
May
Deo
28%
81%
39% Jun
30
82% Mar
28%
81%
26
Deo
31;
-'20
28%
13
88
94%
82%
2nd pfd—
non-cum
Western
4,600
28%
81%
11
38%
M
Maryland Ry com
5
*47/a
5
*4%
5
100
600
800
18% Feb
26%
27% May
22% May
:
5
Mar
4%
Auto Supply Co
*4%
: 5
22%
32% Feb
Deo
May
Deo
11
5
5
there*
18%
22%
Sep
Oct
90
85
17
;
9
38% July 12
36% May 21
72% Jan 15
7% Mar 17
"
1
—10
100
100
Western Air Lines Inc
75%
May
4%
22%
thara
*18%
*22%
23
23
18%
81%
W
5% May
38% May
4
22%
18%
18%
27%
Wesson Oil &
5
22%
18%
I per
I per share
thara
*18'/a
18%
22
22
CLOSED
•
Snowdrift Co Inc.2.50
$4 conv preferred
-No par
West Indies Sugar Corp
1
West Penn Elec Co (The)—No par
Class A
No pa*
1% preferred
•—100
6% preferred
100
West Penn Power 4%% pfd
100
4.20% preferred series B
100
West Va Coal & Coke
B
West Va Pulp & Paper com—No pat
4% % preferred
100
Webster
6% May 24
34 % Aug
27% Aug 16
♦17%
IXCHANGR
l
I per
t per there
*17%
the Waak
Aug. 20
Aug. 19
Aug. 18
■alss far
Friday
Thursday
Tuesday
Aug. 17
■
f per share
share
STOCK r
Knitting Mills.
Wayne Pump Co—
2
30% Jan
7
4% Aug 12
12% Jan
B% Deo
;
f per
Wayne
2
21% Jan
Mar 16
17
Feb
Far
'f;
thart
HIQ8 IALR PRICES
Wednesday
AND
LOW
Aug. 10
Aug. 14
'
I par
• per than
I par thart
Deo
-
Monday
'
EXCHANGE
v
f per share
Batwriay
STOCK
YORK
NEW
Range sines Jan. 1
Highest
Lowest -
Year 1647
1948
RECORD
:STOCKS
-
Range tar Previous
STOCK
YORK
NEW
Monday, August 23,
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(762)
2C
17
17
17%
17
17%
17%
17%
17%
17%
2,100
31%
31%
32%
32%
32%
31%
32
32
32%
1,600
4%
4%
4%
4%
4%
1,800
t
/
14% Mfcy
6% Jun
•Bid
and
25
10%
asked
19% Feb 11
July
4% Aug
Jan
prices;
no
9
Zenith Radio
July 12
35
Zonite
6% May 19
sales on this day.
-No par
Corp
Products
*31
4%
1
Corp
ffEx $40 liquidating dividend paid
tin receivership.
May 10.
a
Number
Week Ended Aug. 20,1948
of and Mitcel.
Shares
.
Bonds
Bonds
Saturday
Friday-
713,810
$1,517,000
2,155,000
2,479,000
2.011.000
2,945,000
<£ Total
3,075,852
$11,107,000
Monday
Tuesday
Wednesday
Thursday
464,600
680.629
f 636.900
579.913
Government
Bond
Bondt
Bonds (Par Value)
(Number
Total
Salet
Week Ended Aug. 20,
1948
Domestic
•
Saturday
2.346,000
49,000
$9,000
11,000
$5,000
65,000
80.000
25,000
4.000
109.000
62,000
5,000
7,000
138,5C0
Friday
107,000
7,000
365,000
$57,000
——
934,065
Total
$12,125,000
$29,000
$89,000
195,840
Thursday
3,144,000
Jan. 1 to Aug.
Week Ended Aug. 20
1948
■.*
U. 8. Government
i
International Bank.
■I Foreign-
$29,000
89,000
$9,000
$782,500
$2,776,500
379,000
3,537,000
15,523.000
1,179,700
56,842.180
TotaL
11,107,000
13,320,000
648.662,900
$14,837,700
$709,824,580
$658,970,600
692,395
50,876,869
$1,934,000
$50,764,000
57,000
173,000
16,000
42,000
$34,702,000
6,327,000
1,292,000
$438,000
$2,149,000
$42,321,000
$55,145,000
3,987,000
394,000
Total—
Stock and Bond Averages
Below
are
the daily closing averages
listed .on: the New Y6rk Stock Exchange as
of representative stocks and bonds
compiled by Dow, Jones & Co.
-Bonds-
-Stocks-
10
30
Indus-
i
f
trials
DajSe—
Aug.
14——
Aug.
16
Aug.
——
20
Rail-
roads
15
Utili¬
ties
Total
65
Stocks
10
Indus¬
trials
First
Grade
Rails
10
Second
Grade
Ralls
Total
10
40
Utilities
Bonda
Closed
Closed
98.36
flXtA
ttUfr wym,. .y
58.66
34.20
67.05
100.15
102.51
89.55
101.24
180.30
67.88
100.23
102.50
98.41
59.54
34.75
101.20
182.15
89.73
17
59,37
100.40
102.58
98.58
182.12
67.81
101.43
18
34.63
89.90
Aug.
|| /
20
1947
1948
594,039,100
$12,125,000
Railroad ft Industrial.
Jan. 1 to Aug.
934,065
Domestic.'
Foreign government—
Foreign corporate
46,632,000
,
$438,000
$16,000
48,587,716
Bonds
900,000
1
1947
74,000
114,000
$365,000
Stocks—No. of shares-
161,936,581
'>
Bonds
20
1947
,
203,788,422
3,073,065
3,075,852
Stocks—No. of shares.
1948
1947
$76,000
232,540
Wednesday
2,294.000
2~4~666
Exchange Closed
$67,000
146,565
Tuesday
2,G30,000
Total
Corporate
220,560
Monday-,——.-.—.—
$1,711,000
$5,000
Foreign
Foreign
Government
of /
Share)
Week Ended Aug. 20
1948
i
Stocks
United States
Saturday Closing
$184,000
$10,000
166,000
20,000
120,000
31,000
256,000
.
3,000
174,000
25,000
$900,000
distributed, x Ex-dlvldend.
Daily, Weekly and Yearly
Jnt'l
Bank
Bonds
Foreign
4%
4%
Deferred delivery, r Cash sale, s Special Sales. wdWhcn
Daily, Weekly and Yearly
Railroad
4%
Transactions at the New York Curb Exchange
Transactions at the; New York Stock Exchange
Stocks,
5
98.59
59.60
68,00
100.45
101.48
182.57
34.76
89.80
19——.
102.60
Aug.
G8.58
100>54
101.70
98.70
60.72
34.86
89.84
20—
183.60
102.71
Aug.
-—
,
■
(i
Number 4727
Volume 168
THE
COMMERCIAL
Bond Record
CHRONICLE
FINANCIAL
WEEKLY
-
YEARLY
-
"and
are
interest"—except for Income and defaulted bonds. Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of
and when outside of the regular weekly range are shown in a footnote in the week in which they occur. No account is taken of such sales in computing the range for the ye&r.
the week,
italic letters
The
In
the
column headed
"Interest
Period"
indicate
in
each
case
the
month
when
Figures after decimal point represent
/
one
bonds
the
or
mature.
32d of
more
point.
a
AND
LOW
Range for Previous
GOVERNMENT BONDS
Year 1947
:•
Ranee since Jan. 1
lowestHighest
104.25
Loyest
NEW
Highest
V
,'
106.6
Feb.
106.4
Dec
108.21
Feb
105.28 Mar 10
105.28 Mar 10
111.23
Sep
112.6
Feb
107.20 Mar 10
108.28 May 17
Sep
106.13 July
106.13 July
108.16
108.16
—
Dec
*
102.25
♦102.22
102.25
♦102.22
102.25
•102.22
102.25
*102.22
105.9
♦105.6
105.9
♦105.6
105.9
♦105.6
105.9
*105.6
105.9
♦107.8
107.12
♦107.8
107.12
•107.12
107.16
♦107.12
107.16
*107.13
107.17
104.6
102.25
*104.2
104.5
♦104.2
104.5
♦104.2
♦104.2
104.5
*104.3
*107.20
107.24
♦107.20
107.24
♦107.22
107.26
♦107.22
107.26
*107.23
107.27
2%s
1958-1963
♦107.24
107.28
*107.24
107.28
•107.26
107.30
♦107.26
107.30
*107.27
107.31
2%s
2Vis
1960-1965
2%s
1949-1953
2 Vis
2%s
2Vis
1952-1954
*102.23
1956-1958
*103.1
103.3
*101.8
1963-1968
14
101.19 Jun
14
104.18
100.24 Mar 13
100.25 Jan
7
2
Treasury
—
<•,,m.r
—
Apr
—
v-
101.26
Dec
28
100.26 Apr
101.24
Dec
104.10 May
101.24
Dec
104.15
Apr
101.7
May 19
101.12 Jun
101
Dec
.103.20
Apr
100.8
Mar 12
100.27 May 21
105.17
Jun
105.17
Jun
102.26 May 25
102.26 May 25
100.7
Dec
103.19
Apr
100.8
100.23 Jun
104.4
•102.22
1951-1954
Dec
101.27
6TOGK
1956-1959
101.19 Jun
2
Jan
100.23-Jan
—
..
Jan
6
•
Dec
108
100.5
♦100.3
1Q0.5
*101.27
101.30
*101.27
101.30
102.25
*102.22
102.25
♦102.24
102,27
•104.24
102.27
102.25
*102.23
102.25
*102.24 102.26
*102.24
102.26
♦103.1
103.3
*103.2
103.4
♦103.2
103.4
*103.2
103.4
101.10
*101.8
101.10
♦101.8
101.10
*101.8
101.10
*101.8
101.10
*101
101.2
♦101
101.2
*101
101.2
♦101
101.2
*101
101.2
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24 100.28
•"#102.22
;
1964-1969
2Vis
*107.28
*100.3
101.30
•107.26
1962-1957
Jun
♦107.26
100.5
*101.27
•
1950-1952
2Vis
107.30
*100.3
1948
2Vis
2Vis
.104.5
1964-1969
107.30
*107.28
108
*101.27
*107.30
108.2
100.5
*100.3
100.5
101.30
*100.3
*101.28
101.31
*102.25
102.28
*102.24
102.26
10
—
__
--
100.26
♦100.24
100.26
♦100.24
100.26
♦100.24
1965-1970
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
1
♦100.24
Treasury 2Vis
—
1966-1971
*100.16
100.18
*100.16
100.18
*100.16
100.18
*100.16
100.18
*100.16
100.18
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
*100.8
100.10
•101.12
101.14
♦101.11
*101.10
101.12
2 Vis
2%s!
Jun
1967-1972
2%s.i
2Vis
Sep
100.26
•100.24
1967-1972
100.26
*101.11
101.13
*101.10
101.12
1967-1972
*100.8
100.10
100.8
100.8
*100.8
100.10
*100.8
100.10
*100.8'
100.10
2%£
1951-1953
*103.5
103.3
♦103.5
103.8
*103.5
103.8
*103.5
103.8
*103.5
103.8
2Vis
1952-1955
*101.26
101.28
♦101.26
101.28
♦101.27
101.29
*101.27
101.29
*101.27 ,101.29
1954-1956
*103.28
104
♦103.28
104
*103.30
104.2
*104
104.4
*103.30
1956-1959
*101.17
101.19
♦101.16
101.18
*101.18
101.20
101.19
*101.18
101.20
1959-1962
•100
100.2
*100
100.2
*100
100.2
100.2
*100
100.2
Dec
101.13
;
'
Dec
105.18 Sep
101.19 Aug 19
102.13 July 13
Terasury 2Vis—.
Treasury 2 Vis
Sep
102.24 May
100
100.4
May
3
Treasury 2 Vis
Jun
Dec
102.24 May
100
100.2
Feb
11
Treasury 2Vis
{Treasury 2s.
Dec
1959-1962
•100
100.2
*100
100.2
*100
100.2
♦100'.
100.2
*100
102.6
100
1948-1950
*100.11
100.13
*100.11
100.13
♦100.11
100.13
♦100.11
100.13
*100.11
100.13
Jun
1949-1951
*100.20
100.22
*100.20
100.22
*100.21
100.23
*100.21
100.23
*100.21' 100.23
Sep
1949-1951
*100.25
100.27
Dec
—
—
—
___
___
—
—
102.12
Apr
102.12
101.12
Dec
102.6
Apr
May
July
102.23
101.20
Dec
102.25
Apr
102.30
Apr
103.1
101.22
Dec
103.2
Jan
103.4
July
Oct
Apr
—
;
1
101.13 Mar 22
16
101.26 May 18
—
—
——
101.3
*100.26
100.28
*100.26
100.28
101
*100.31
101.1
*100.31
101.1
*100.31
101.1
101.2
♦101.1
101.3
*101.1
101.3
*101.2
101.4
1950-1952
*101.4
101.6
*101.4
101.19 July 13
100.16 Apr
14
v,
101.6
*101.5
101.7
*101.5
101.7
♦101.5
101.7 /'
*101.4
101.6
*101.4
101.6
*101.5
101.7
*101.5
101.7
*101.5
101.7
*101.6
101.8
*101.6
101.8
*101.6
101.8
*101.6
101.8
♦101.6
101.8
1952-1954
*101.2
101.4
*101.2
101.4
♦101.3
101.5
101.3
101.3
*101.3
101.5
Dec
1952-1954
*101.1
101.3
*101.2
101.4
*101.3
101.5
*101.3
101.5
*101.3
101.5,
1953-1955
Treasury 2s
Treasury 2s
Treasury 1 Vis
—
*100.26
Jun
101.19 July 13
•
100.28
*100.30
♦101
12,000
1951-1955
Treasury
1
100.27
100.31
101.1
1951-1953
101.18 July 13
100.11 July
*100.25
*100.29
•100.31
Sep
Aug 19
—
*100
104.2
1949-1951
*102.26
102.30
*102.26
102.30
*102.28
103
*102.28
103
*102.30
103.2
•100.8
100.10
*100.9
100.11
*100.9
100.11
*100.9
100.11
*100.10
100.12
*96.8
96.12
96.12
96.12
96.28
96.26
96.29
Treasury 2s
__
101.13
Mar 1950-1952
Treasury 2s
Treasury 2s
__
101.14 Apr
—
101.8
Treasury 2s
Treasury 2s
Treasury 2s
Treasury 2s
—
—
Apr
—
100.26
—
—
101.10 Apr
Apr
101.28 July
2
—
—
Mar
4
—
—
--
—
Mar
__
—
102.4
5,000
100.2
Dec
---
_
101.7
for
the Week
Bonds($)
♦105.6
Sep
102.22 Feb
Sales
.
High
CLOSED
7
104.24 July
Friday
Aug. 20
Low
High
EXCHANGE
101.11 Jan
—
2
—
—
104.14
Lew
High
1955-1960
7
•
—
—
—
102.22 Feb
—
—
Thursday
Aug. 19
Low
High
Low
1951-1955
101.11 Jan
—
—
Feb
—
High
Low
High
Treasury 2%s
„
—
—
104.12
Lew
PRICES
Aug. 18
Aug. 17
—1949-1952
104.24 July
104.23 Feb
May
__
Feb
EXCHANGE
Aug. J6
HIGH SALE
Wednesday
Tuesday
Monday
Aug. 14
Treasury 2%s
__
—
114.8
—
Saturday
STOCK
Treasury 3 %s
Dec
—
May
104.12
YORK
Treasury 3s
Treasury 2%s
~
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Y
114.8
27
(763)
New York Stock Exchange
«»
FRIDAY
NOTICE—Prices
&
2s;
1950
12,000
International Bank for
95
Dec
102
July
94.10 Jan
15
Dec
103.4
July
94.14 Jan
15
Reconstruction & Development
10-year 2 Vis
1957
98.30 May 17
95
99.30 May 17
and
♦Bid
asked
price.
No sales transacted this day.
.!>■■>■
■
25-year
{Called
Friday '
BONDS
for
3s
redemption
Week's Range
Interest
Last
Period
Sale Price
or
Dec.
on
15
at
;
Friday's
100
-
Odd lot transaction,
HiOh
No-
Low
102}$
87
100%
C:^
January 1
t.
New York City
Trapeit Unification Issue—
3* Corporate Stock
* /;
;;
.
4-i
97
>96.16
97
97
97 3
97
24,000
f.
97.15
65.000
Friday
Week's Range >
or Friday's
Last
Interest
_
>
Sale Price
Period
-'J-:.
tiigh
Bonds
Range Since
Bid A Asked .1-
Sold
January 1
torn
•
^ New York Stock Exchange
.
«r
BONDS
*96.12
transaction.
,v
Range Since
Sold
•
«
Registered bond
r
•
Bonds
Bid & Asked
>.
a
96.22
96.24
*96.16
Low
New York Stock Exchange
96.2
96.2
1972
—
No.
Low
High
60% '
Series
No.
15
J-D
J-D
*53%
56
52
60
SVis
Series
No.
16
J-D
*53%
55
51%
60
SVis
SVis
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No.
17
53%
53%
Series
No.
Series
No.
19
J-D
J-D
J-D
*53%
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J-D
*53%
SVis
3Vis
Series
Series
No.
No.
20—
21—
J-D
J-D
Series
SVis
•
—1980
102JS
102%
107
,
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14
No.
—
i
—
18—
*53%
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..
__
61
*53%
60
47%
60
*53%
*53%
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44
' "
55
60
52
.
60
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60
3Vis
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No.
22
J-D
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60
51%
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3 Vis
Foreign Securities
Series
No.
23
J-D
*53%
56
47%
60%
J-D
J-D
J-D
54%
61
*53 %
50
60%
3Vis
Series
No.
24
SVis
Series
25
3Vis
Series
No.
No.
26
*53%
*54
J-D
>
J-D
3Vis Series.No, 27-^—-.—
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% '
.
Telephone
Members New York Stock Exchange
Series
No,: !29——
J-D
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Series
No.
J-D
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(City)
s
REctor 2-2300
120
Broadway, New York
NY
f 5s
Sinking fund gold 5s—
Sinking fund gold 6s
Canada (Dominion of) 4s
1-1693
25-year
Foreign Govt. & Municipal
fund
(Colombia)—
6s
1947
;: AGtd
sink fund 6s
Akersbus (King of Norway) 4s
fAAntloqula (Dept) coll 7s A
lAExternal
f
s
7s
series B
__1948
F-A
62
62
A-.0
Af-S
1945
J-J
31%
31%
1945
J-J
s
f
7s
series C
1945
f
7s
series D
1945
60%
60
*60
64
IA7s
65
76%
65%
31%
40%
31%
31%
40
31
40
ARy external
31%
31%
31%
J-J
31%
40%
31%
31%
32%
AExtl
*31 Vi
39
f 7s 3rd series„1957
31%
40 Va
A6s
A-O
*31V^
37
external 5s
1958
Australia (Commonw'lth) 5s of '25.1955
10-year 3Vis
1956
10-year 3Vis
1957
31%
40%
J-D
96%
5
73
99
57
97
103
sec
AExternal
AAntwerp
7s 1st series
f
f
s
sec
s
1957
2d series—1957
7s
(City)
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3%s
101 Va 102
F-A
*92%
94%
s
f
87%
92%
93
19
87'/a
93
External
s
f
7s
;
J-D
90%
90 Vz
90%
30
85
90%
J-D
90%
90%
4
85%
92
91
91
F-A
MS
1955
(U S of) external 8s
Stamped pursuant to Plan A
(Int reduced to 3.5%)
f 6%s of
J-D
1978
1926—.
A-O
1957
A-O
-
83%
99%
104%
106%
109
"l
107%
114%
1
50%
62
55
55
-
42
59
42
1
37%
49%
55
59
4
50
62%
Stamped pursuant to Plan A
(Int reduced to 3.375%)
s f 6'/2s of 1927
AExternal
1979
J-D
42%
43
4
37%
1957
55
55
1
50%
(Int reduced to 3.375%)
(Central Ry)
Stamped pursuant to Plan A
1979
A-O
42%
42%
5
37%
J-D
(Int reduced
to
3.5%)
64
J-D
*58
—
41%
43
4
38
40%
2
37%
3Vis
Series
Series
1944
1979
56
A-0
56
1
49
1
J-D
No.
2———
J-D
——
48%
Series
No.
3
J-D
3 Vis
Series
No.
4
J-D
SVis
Series
No.
5
J-D
54
3Vis
Series
No.
6_„
J-D
*54
54
54
54
Series
No.
7
J-D
Series
No.
8
J-D
Series
No.
9
J-D
*53%
No.
10
J-D
*53%
SVis
SVis
SVis
Series
No.
Series
No.
12—:™
J-D
*53%
Series
No.
13
J-D
*531/4
For footnotes
see
page 31.
M-N
J-D
J-D
J-D
28
10
18%
277/a
26%
1
20%
28
18%
21 Va
22%
28
27
19%
26%
21%
28
25%
18%
27%'
20
28
*26%
25%
26%
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18
26%
26%
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*26%
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25
MS
*25%
24%
-
*5
61
25%
27%
28
18
52
63
64%
65
60
-«-
;
——
59%
—
65
->__-
57
54
49%
60
18
27%
24%
17%
27
7%
48
58%
58%
59
——
'
•
SECURITIES
r*arl marks & no. inc.
V/aNHMBni
MMiRMMMMMSHB
foreign securities specialists
50 Broad
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18
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53
'
-
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19
FIRM TRADING MARKETS
'
27
18%
For Financial Inetitutiont
FOREIGN
-
27%'
26
*25%
M-S
'
19%
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~
27%'
20%
J-D
J-D
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1960
r.v
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1961
,._1951
28
25%
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61
"
11.
10
28
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26
28
26%
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•
A-O
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11
19%
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60%
52
*53%
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51
48
— —
*54
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46%
56
54
*53%
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1
4
56
*53%
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Series
M-N
1957
27%
61
*54%
3Vis
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25%
50
28
18%
61
58
(Plan B)—
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■
1963
1961
sink fund 6s
(Hulcuang Ry)
25%
—1961
—
sink fund 6s
25%
*26%
A-O
1962
AChlnese
25%
V
*25%
A-O
1961
A6s assented
49%
funding bonds of 1931 due—1951
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V SVis
26%
.
49
40%
43
—
1%
External $ bonds of
25%
Afis assented^j£iu^^-^^£.T962
A Chilean Cons Munic 7s__
I960
AGuaranteed
-
19
61%
1978
(Int reduced to 3.375%)
J-J
1957
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A6Vis assented
AGuaranteed
49%
1952
fund
105
?7%
62%
Stamped pursuant to Plan A
A7s
6%s—
103%
49%
A-0
Bank
26
M-S
MS
—1963
A8%s assented
91%
5
110% 110%
J-D
1941
37
Mortgage
103
*26%
1962
assented
102
102
105
*26%
F-A
Jan 1961
94
99
103%
*26%
25%
J-J
assented
A Sinking
v
100% 100%
*107% 108
J-J
1955
lABrazil
91
Feb 1961
—Sep 1961
Sep 1961
AExternal sinking fund 6s
_1962
AChlle
A-O
F-A
sinking fund 6s
A 6s
25%
A-O
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f 6s
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93%
-
1
*50
1960
AExternal sinking fund 6s
92%
1949
6%s
6s
s
1960
9
59
101 Va
22
*26%
M-N
'
94%
102
103 Va 104
60
52%
99% 100%
102
60
H 58
48
.
60
103% 103%
M-N
Feb 1961
6s_
A6s assented
J-D
1962
external
s
102
96%
1967
External
AExternal
J-J
31%
1966
20-year 3%s
20-year 3%s
Belgium
A-0
fund 6s
37
31%
*31 Vi
A-0
s
A External
1942
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Afis assented
100
J-J
1942.-
__
\
60
55
54
__
*100% 103%
J-J
-1954
f 7s
s
assented
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92%
31%
31V4
J-J
s
10
*61 Va
1968
lAExternal
62
M-B
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J-D
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1961
(City) 8s
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lAChile
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Agricultural Mtge Bank
lAQtd sink
-1957
1958
1950
1960
48
60
59%
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Teletype
60
*54
3 Vis
30
—
58
*53%
__
•
3Vis
Wertheim & Co.
j
High
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-
27%
■
FOR WEEK ENDED
RANGE
Last
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Sale Price
York Stock Exchange
New
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>
.Oct 1961
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1927
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_1946
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1947
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1952
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1953
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>._1951
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—1949
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—
^
fa
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66
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Alabama
95
Albany
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90
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66
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credit Consortium for
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1951
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,
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1954
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1945
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25
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1953
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s
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33
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x
a
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86
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:
contingent int)—July. 1975
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gen
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24
58 V2
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39
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—due Mar 11996
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18
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13
77
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69
.J.2_^„J_„due De^l' 1995
inconie____-^—Feb. 1 2010
"Pgh Lake Erie' & West Va—
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Ref
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series
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82
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81
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.1985
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52
1951
D
J-J
1951
ref M 4s ser
&
70
137
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75
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70 y2
2
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ser A
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92
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fixed
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8
79
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.
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1970
■'
93 %
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109
'
Series K-u—l.-—due Mar 1 2000
24%
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zzh1955
101%
25
contingent interest) —
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25t
79%
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141
92%
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•
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and
95Va
8
-
104i/2 105%
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'
110% 111%
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and
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84
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,
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14
1963
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'
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13
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31
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1957
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-
81-
81
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9
-
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fist mortgage 3%s_.—
1963
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Atlantic & Danville Ry 1st 4S2
—1948
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1948
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1966
9%
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9
-
-100-100
111%
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37
6%
14%
107 Va
27%
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>6%
.
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5, 1942, agree 1967
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' x
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,
28
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*6
„
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26,J
--
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'
I
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31
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W
II
-
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22
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1961
22
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.
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—
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IA Mexico
,
1
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1954
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33
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,
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r
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i
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.
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44
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-1977
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' 49
9
90
-
.
14
I *9
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92
241/4
—
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68
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43 y8
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u-'
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.
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Allis-Chalmers Mfg 2s-debs_
1956
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82
58
'
—
70
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1
70
70
RAILROAD AND INDUSTRIAL
68.
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1958
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80
.
*
110 Va
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8
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70
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1958
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-
85
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,
83%
84
85
85
118
82 Va
.
85
74
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.
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81
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s
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731/4
*79
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1978
1984
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73
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1978
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__
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1968-
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-Jan 1. 1976
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Mexican
IB
108%
,
:• '90,
V
'
5
t
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—
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79
13%
118
23
82%
82
82%
Jf-N
124
121
*110
Jf-N
of 1937)—
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1979
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1979
m..
~
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124,
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2
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.
82
•
100
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i
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—
44
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r'
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1949
Greek Government-^^
Italian
.
^Republic of)—
/£.*--
«
».
•:
"6
VJ
.
j-j
^
-a w
v
.65%
*93% 100%
A-O
-^Il962.'
; External gold 4%s
13
72%
111% 112
•P.M
—U
A-O
"1955
•
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v—
■ '
•
A-O]'
1942
6s
.
y-j
.
t0 6%) extended to—__„-_^106O,
___
r't;
68%
42%
44
58
__
*15
■
F-A
Sinking fund 5V2s
1953;
(Rep of) 8s ser AJ1951,
ASlnklng fund 8s series B__w^_--1952
Stamped assented (int reduced
a
:> 2
Jf-S
,
i
65%
M-N
A Czechoslovakia
lADenmatk 20-year extl
External gold 5%s
68%.
Jf-N
1977
4%s external debt—
"
—
*40
——
J-D
—
,
73%
41%
18
'.
45
41
38%
75
37%
41
1947
*40
37%
37%
69%
3
•
—
A-O
lAColombia Mtge Bank 6%s
m
—
70
70
*70
-
A-O
High
Low
No.
High
117'
F nA
(Republic) "extl 8s
1946
sink fuhd "6s—l__—1960
sink fuhd' 6s^-i_____'1964
January 1
Sold
Bid * Asked
Sintie
Range
Bonds
Friday's
•r
1
'
High
Low
No.
High
70
J-J
1970
bonds
External loan 4
Last
.
Sale Prioe
Period
Exchange
Stock
York
♦New
IfAUruguay
1928
A6s of
Bold
v
N
Low
Low
3s external s f $
Week's Range
"Friday
Interest
BONDS
Range Since
Jdnuary1
Bonds
Friday's %
or
of)—
(Republic
Colombia
AUGUST 20
Week's Range
Friday
Interest
BONDS
RECORD
BOND
YORK
NEW
J-J
95
95
g5%
24
—
Panama
(Republic) —
AStamped assented 5s
iqco
Stamp mod 3V+s ext to___zzzz 1994
FF sec ref 3'/2s series B
■
external
A Na t loan exd
loan
f
s
_Il960
*21%
M-S
15 V*
27
18
15%
14%
17
__
Cons
J-D
15%
15
15%
52
14%
15%
15%
20
14 vs
17 Va
A-O
*9
A-O
*8%
A-O
1953
A-O
1969
J-J
■
IIII196I
,
6%
8%
*8%
9%
—
9%
x-2001
J-J
—
2006
1946
J-J
33
*23
25
*23
30
27
23
—
33
23
*31
_
A-O
27
35
sec
6%s
2001
Rio
Grande do Sul
|A8s
extl
loan
A-O
1953
F-A
23%
23%
23%
23%
33%
26%
32%
21%
18
27%
1921
1954
1968
1950.
debentures.,_1969
2-i—_y_1976
El 1st mtge 2%s—1975
& Pgh Ry—
mbdified
(interest at,
May 1 1947)
Terminal 1st 4s_
consolidated
100
88
—
--
101
—
102ya
90%
*33%
J-J
79
78%
80
55%
56
72%
22
86%
50
5
55%
60%
19
102
A-O
103
102
39
102 V*
*102
F-A
27
102
F-A
102
98%
93%
1
92
J-J
88
88
4
86%
Jf-N
96%
96%
15
95%
62%
63
17
M-S
1957
a-o
*33%
34%
98%
99
93 Va
100
a-o
*26%
32
24%
j-d
*„
35
27
j-d
*21
22
22
26%
32
30
34
Calif
J-J
California Elec Power
32
*92%
*
88 y2
96
105
105 % 106
68%
102
96
107
31
___2012
A-O
59
100'/a
*101% 102
27%
1968
62%
A-O
37%
1999
Jf-N
—I960
:
5s gtd
1946
(Int reduced
A 6s
external
to 2.5%)
sink fund gold
w_
—
Stamped pursuant to Plan A
(Int reduced to 2%)
A7s
external loan
of
1926—19G6
Stamoed pursuant to Plan
dn<
7s
1961
reduced
ARome
to
2.25%)
M-N
32
—
2004
J-D
24%
24%
22%
24%
27
25'/a
18
31
38
33%
National Ry—
guaranteed gold 4%s
Guarahteedrgold 5s.*—
Guaranteed'gold 5s——
Guaranteed-gold 4%s*A
Canadian
25
27%
24%
reduced
to
2.25%)____2004
6%s__
(City of)
1952
ASao Paulo
(City) 8s
^'Stamped pursuant to Plan A
(Int reduced
s
A-O
1952
Jf-N
f
Stamped pursuant to Plan A
(Int reduced to 2%)
lASan Paulo (State) 8s
Stamped pursuant to Plan A
"23
25%
25%
*—
x
35%
2001
M-JT
Af-N
2012
1936
M-N
27 V*
25
27%
~
29
31
22
27
29
39
36%
46
27
38
34
40
26
34
32
41
'i
(Int
reduced to 2.5%)
1950
Stamped pursuant to Plan A
(Int reduced to 2.5%)
A 7s
loan
j-j
1999
j-j
*29
31
31
30
106% 107'%
110
J-J
111% 111%
2
lliy4
114%
__
107%
109%
6
107%
109%
12
110%
1131/2
8
110%
112%
IO6V4IO6V4
4
106 Va
107 Va
95 V*
78
82%
^..1957
1
._v
J-D
1956."
gtd 4s
Corp 3s
J-J
gold 4s
fCentral of Georgia Ry— •
Branch U P 1st
M-5
*26 Vj
1968
j-j
*32
2012
1940
a-o
*26
29
25%
35%
"Central Illinois
a-o
*84
90
83%
89
(Int reduced to 3.5%)._-»»_19i/8
A-O
'*71
72%
07
78
loan
Stamped pursuant to Plan A
(Int reduced to 2%)
lASecured
s
f
7s
:
Stamped pursuant to Plan A
Gen
1995
A„"1
1 2020_
B.-ii.—.Jan^l 2020
4-'/2s Ser A.^.-.j-Jan
mtge 4'%s ser
Light
A8s
A 7s
secured
series
B
(Kingdom)—
1962
sec
ASilesla' (Prov of)
extl
Jf-N
♦6%
7
J-D
*9%
J-D
■*6%
J-J
89%
"
A4y23 ■>assented
Sydney County Council
3y2s
For footnotes see page
31.V
4%
6%
1958
7s
*6%
__1958
extl_„
Jf-N
1962
external
1957
"•
11
.
"7%'.y
89%
7%
3%
■IV*
7
9%
90%
74%
_L
58%
67%
2
100%
103 Va
*70
Champion Paper
x
75
65%
64 y4
65%
69
66
67
21
66
May
49%
48%
50
68
y2
80%
64 V4
66
48%
J-J
69%
Q-J
68 %
F-A
F-A
.
T-J
69%
106
55
107%
35%
56%
101V
102
102 %
*99%
__
*103% 104
**99
190%
32%
9
59%
*100
102 V4
78%
37%
68%
56%
Q-J
A-O
'
1
68 Va
68
58%
J-J
F-A
107
107% 107%
A-O
x_1974
i_2—1968'
& Fibre deb 3s___1965
B.
100 Va
100 Va 100
11
79
May
3V2s——x_1966
1987
^-1987
/(4%% to Aug 1 1949)
1st. mtge 3%'s ser
..
100 Va 100%
'
".
*iooy2
99
J-J
AGeneral
13%
5
*67
F-A
A4s
Serbs Croats '& Slovenes
97 V*
108 V*
102 V* 102V*
J-D
4s"
11
:
1987
registered—
i_—,^.1987
Gentral New York Power 3si-.__x_1974
'Central'Pacificist ref gt'd gold 4s_1949
1st & ref series A
- .1
;
v
dollar
mtge 4s ser
107
17
107% 103
F-A
i|ACentral of N J gen gold 5s
A5s registered
A6s extl
1st
Gen mtge
»>
84
J-D
1948
j-j
94%
-
A-O
"
ACent
106 V*
M-S
——:
debs—
1956
water
110% 110%
M-S
1—1951
2004
extl
Stamped pursuant to Plan A
(Int reduced to 2.25%)
107% 108
111
111V4
F-A
1970"
1955
*107% 107%
F-A
*..1981
1965
.Celotex Corp 3y4s debs_^___^_v__1960
3%'S debs ri947 issue)—
1960
Celanfise
93%
A-O
Pac Ry 4%
deb stk perpetual
"
darolina Clintfhfield & Ohio 4s_l—1965
Carthage & Adironack Ry—
•.
1st mtge
,j :J
102%
A-O
100%
Can
'
j-j
1999
A8s external
24%
99 %
3
i
■\
;•
24 Va
103 y2
'I
r__Oct 1969
".gold 4y2s_:
Guaranteed 'gold 4J/2S—
28
99
102'% 102%
J-D
M-N
,
Guaranteed
1957
to 2.375%)
A6%s extl secured
J-D
1st 3s
1976
3y8s——1974
Southern cons .gtd 5s A.i-1962'
Oregon Power
Canada
A
stmp pursuant to Plan A
(Int
•
99Ta
100
/Stamped pursuant to Plan A
;
■
96%
—
M-N
1952
T_195s
due
Ss^.—■
Terminal" Bldgs
Bush
(State of)—
of
—21960
*101 %
A-O
97 V2
96
16
4
123
94%
93 %
*89
M-S
Co 7s
3% .to
Biish
119
—
87%'
M-N
July 1970
97 3
57%
97%
96%
100 V*
Rochester
Stamped
A~~
21%
•
88 V*
7
£4%
*94
96'/a
88%
100%
119% 120
M-N
1955
„1961
2%s
Buifalo .Niagara
J-J
—1967
3s Debs
(Ernesto)
mtge
; Gen
120
Jf-N
RR—
Bklyn Union EL 1st gold 5s
27%
*28%
F-A
2012
.
1970
1976
5s
Bklyn Union Gas 4s
Buffalo
(Int reduced to 2.375%)
Maine
Bristol-Myers Co
Stamped pursuant to Plan A
'Stamped pursuant to Plan
(Int reduced to 2%)
&
mtge
ABreda
stmp pursuant to Plan A
.
-1961
Corp—
1st mtge 5s series
13
7
11
33
J-D
(Int Janeiro (City 2.25%)
reduced to of) 8s
de
AExternai
A-O
.
A-O
I960
series AC
II
1st mtge 4%s series JJ
lstCmtge 4s series RR
AInc mtge 4y2s ser A_
9%
17
5%
8%
8%
Boston
1st
6%
17
11
mtge
4—•
.
9%
*16
J-J
;(Iat reduced to 2.375%)
!966
7 %s
IAD,
I a Rio
3%s_—1951
1st
of Pa 5s series C
2%s ser I
2%s. ser J
mtge
Cons
17%
15%
Stamped pursuant to Plan A
_
Extension
Steel
Bethlehem
A-O
1947
8s
Creek
Bell Telephone
1940 '
^
~~~
APorto Alegre (City of)
21%
M-3
gold~8sIZ~Ii95o
fund
4s
stamped
Beech
32
31
1961
ser
A4 %s assented
.
1959
w
7s.
A41/2s assented
AExternai sink
106
101%
1958
i°a£ exl1 8 f 6s 2d
(Rep of) gold 6s
"A4,/2s assented
,
19
35
ref
4s
Beneficial Indus Loan 2y2s debs—
ser__
«ao
1
IA Poland
A Stabilization
*__
____2008
7s__
1st
f 6s
s
101% 101%
M-3
Con
A~
(Int "duced to 2.125%)
APeru
(Rep of)
M-3
1947
(State of) 7s
Stamped pursuant to Plan
Bangor & Aroostook RR—
95
10
83
83
95
•0%
*85 y. 102
J-D
x_1967
lAPernambuco
at,
Uf-N
-
;
.4
...Vj".
■
)•% 17
;•
32%
97%
102
96%
101 °/8
96
103%
102
104%
100%
Number 4727
Volume 168
THE
COMMERCIAL
NEW
&
YORK
FINANCIAL
BOND
CHRONICLE
RECORD
RANGE FOR WEEK ENDED AUGUST 20
Friday
BONDS
New
Interest
;
Stock Exchange
York
Period
Last
or
Sale Fried
Friday's
General
"High
Ref &
R
&
1st
Div
gold 4s
124
3
100
100'A
20
101
101'A
28
1989
2d consol gold 4s
*1167A 118
1989
cons
"■109,
4s_———
1st
&
ref
1st <Si ref jntg3 2ya
-,■■■
6
108
111'A ill'A
6
109'A
s___
__________
Chicago .&> Eastern 111 RR— \
A Gen mtge inc conv 5s-.r_w«
99%
1
96'A
2
91
Gen
inc
mtge
Chicago Ind
A 1st
Milw
1st
mtge
4'As
inc
conv
2nd
1st
mtge- 3s
64.'/2
Gas & Elec of Berg Co cons 5s
1949
General Realty & Utilities Corp—
RR—
1994
—.
B
A4s conv inc
Goodrich
—Jan 1 2044
inc
Ry;—
Pacific Ry—
__1994
-
New Orleans 5s
105'A
.104% 105 %
86%
86%
.
9
101'A
71'A
87 %
1951
1951
Memphis Div 1st gold 4s__.
1951
Chic Terre Haute & S'eastern
Ry—1st & ref M 2%-4'AS—.
1994
Union
s_—x_.
A Green
*83
1994
85
74%
Gulf Mobile
74%
1st &
ISt mortgage
.Cincinnati Union
104'A 105
,100 % 101%
__
104%
99%
'104% 104%
105
_
*
97%
Series
95
95
4s
1991
—1970
71%
Pittsburgh RR—
3'As gtd
1
i
97
97
54
99%
68
77 7A
62%
5
59 %
91%
5
84%
Tol
extl
1st
Commonwealth Edison
18
102%
106
5
*100
*
,
s
107'A
••
100
—
—
$>■■■
■ . •
__
■
95
107% 107%
105%
10d% 105%
102% 104
r
12
12
5""
104
100%
51%
51%
104%
101% 101%
100
100
104% 104%
109%
—
<fc
ref mtge 2%s ser B
ref mtge 23As ser C
3s
ref
Consolidated
Consumers
Natural
Power
Continental
1st
23As
102%
40-year
100
100%
Steel
8ACuba
Northern
1st
mtge
1
102
104
Refunding 5s
107
1st
Ry
5'As
B
1st
108%
89%
104%
104'A
102% 102%
99'A
103
100
101%
—1951
,
111 Cent
and
Chic
St
L &
1951
1951
1st ref
101'A
*100%
*103'A
100
—
—
—
O—
N
1963
94'A
96%
1963
88%
89'A
A-1963
81'A
81'A
series Ax____
5s
101
*100%
1
Joint
101%
—
I—
__1970
*100'A 101%
101%
Ihdiana
1950
*100% 101%
Indianapolis Union Ry Co—
98
101'A
96
102
88
94'A
51
48
55%
38
37'A
80'A
84
32%
33'A
31'A
36%
1946
*34'A
35'A
33%
37 %
*34
35'A
*__
103%
Ref &
Iowa
Imp 2%s
1st gold 4s
ser
C—
1986
International Great Northern RR—
A 1st 6s series A
_*
1
1952
42%
84'A
111 &
D
ser
A Adjustment
,
5s
A 1st
gold 5s series C
series
63
64%
36%
39%
58%
59%
1956
59
59
1944
65
65%
series A_x_July 1952
'
1
1956
6s
A 1st
B
'
34<%
37
96
99'A
103'A
B
&
Delaware
v
98'A
Illinois Terminal Ry 4s ser A:
92
1
ser
77
104'A
110%
1946
Union Ry 3'As
Co 2%s debs
102%
104'A
—
1
*90%
__
deposit rets
mortgage 3a
Deere
105'A 106'A
83'A 84%
*104'A
—1961
Div, 1st gold 3'As
Western Lines 1st gold 4s
Registered
96%
*99'A 100%
Dayton Pr & Lt 1st mtge 2%s
Dayton
84
105'A
101%
102%
97
3'As
100%
38
105%
98
98'A
95
95%
106
*83
102'A 102'A
1953
97
107
1952
1st
103 ,103
103% 104'A
*101% 103
*99%
1st ref mtge 4s
51
103
1950
1st & ref 4'As series C
1942
1952
—1955
i-1952
99% 103%
6t Louis Div & Term gold 3s
100
*-
ser
92%
103
*99% 101
103%
99'A
100'A
103
1951
1955
.95'A
99
102
100'A
1966
100'A
100% 100%
103%
100%
—
97
107%
102
-l%'.
"Springfield
99
1966
receipts
J
5s gold
A Deposit
receipts
A7V2S ser A deposit rcts__
A 6s
93%
93
100.
102'A
*__
Gold
99'A
94%
94'A
iee-%
*100'A 101%
4%s
100% 101
Deposit
ACuba RR
95
95%
95
100'A 101
3s_
1951
Louisville Div & Term gold 3%s_1953
Omaha Div 1st gold 3s
x
-1951
108'A
107
1965
3'As
29'A
*101'A
Cairo Bridge gold 4s
Litchfield Div 1st gold
98%
*96%
mtge 2%S—1975
Baking 3s debs
Crucible
95
1968
68
17'A
—.1951
trust-gold 4s
1972
Gas
57%
^-1978
i
1972
debentures
conv
96
104% 105%
1949
lines^ 3'As
101
95
1977
D__
98
88
1962
__1851
1963
series
96%
94
1970
—-1951
u.———A
3
107%
&
127'/a
.
RR—
7
104%
&
3s
-Collateral
58%
1961
1st
.-1999
A—
50
River Pwr
—1982
series- B
Refunding 4s__,J_I
•
ser- A
66%
97%
,93
119'A
.
Telep 2%s series A--1981
3s
3
*99'A 100'A
1955
f 33As A
Bell
mtge
Purchased
Consolidated Cigar Corp 3'As
,.-1965
Consolidated Edison of New York—
1st
4'A.s
'Collateral trust gold 4s_i__
106%
' 96%
104 %
1st
Ry.lst
Illinois Central
1
23As
93%
56%
2044
1
80 r
100
1975
108'A
A,
104'A
mtge
101%
92%
1976
Extended 1st gold 3'As—
a'st. goW 3s sterling-
1951
ref
.-—Jan
-
1st gold 4s—
1st gold 3'As
Ry & L 1st & ref 4'As
&
93
€8%'
_1975
.
101%
101%
,
104%
1st
.
100%, 102%
RR—
3s.
Valley
Illinois
■
101
s
11%
6'/a
Hudson & Manhattan 1st 5s A__i_ie57
AAdj income 5s„—
Feb 1957
101
,
101'A
—
101 'A
102%
1980
4s
Co—
„
"
10
10
102'A 102'A
•
1977
Conn
65%
*70
-
1959
Household Finance Corp 2%s
Hudson Coal 1st srf: 5s series'A
Hudson Co Gas 1st gold 5s
•'
103'A. 104%
mtge 3s series L
Conn
63
;
—
92
,102% 103'A
-*100%
1950
-1961
(Stamped modified)—;
&
95%
70
103% 103%
103'A
Gas & Elec 3'As debs_-__ 1971
3'As debentures
'
1973
Columbus & H V 1st ext.1 gold 4s__1948
Columbus & Sou Ohio El 3'As
1970
r
82
82
_
727A
62
■
Columbia
A
Hocking
93
1st
mtge 5'As series A—,——
1972
fist mtge 5s series B
i
—1973
1st mtge 4'As series C—
1977
Colorado & Southern Rv—•
1st
95
'99y8
91%
r—
1948
1st
Columbus
91%'
Hgckensack Water 1st mtge 2%S—1876
101%
&
C
,
76'A
96
109
•
78
71%
—1982
i
*
*74'A
*93'A
lst'M 2»As—
1st mortgage
,
82
1961
'
•
1993
Series D 3'As gtd_„
«,
Cleve Short Line 1st gtd 4'As
Cleveland Union Terminals Co—
.4'As
98
1
Div 1st coll trust' 4S--..199Q
mortgage 3S_x__,
'
91%
__1977
Cleveland Elec Ilium 3s
Cleveland
1
ref 4s series B
Gulf States Util
■■
92%
.
100'A
106%
10
gold 4s—_—___1993
General 5s series ,B_„—
Ref & impt 4'As series Ex
Cin Wab. &, Mich Div 1st
1st
106%
98
82 7A
•
Cleve Cin Chic & St Louis
Ry—
:
•j'X 88
74
—_
Gen mtge inc 4s ser B;
105%
102
1st mtge 2%S—i-1075
27As
x.,
—^_1978
Terminal—
102'A
103
105'A
mtge gtd 3%s series -E—1969
1st'mtge 2%s set G__„—_1974
City Ifce <fe Fuel 23As debsi
-__1966
City Investing Ca'4s;debs^_i>__^i961
St Louis
Ohio
-
99 'A
•'
87
87
mtge inc 5s" ser A
—July 2015
1st: & ret 33As series D—
1965
102% 106%
1st
General
&
.
1
104'A
^
_2010
1
B
V;
'
1982
Gen
—-1963
i
1963
Chla & West'n Indiana conv
4si—i._1952
1st & ref 4'As series D
_"__1962
<5z Elec
ctfs
*90
93%
*85
•
*
96
96
2000
Bay &' West deb ctfs A
ADebentures
122
117'A 117'A
...1990
Greyhound Corp 3s debs
Station—
1st mtge 3'%s series F
1st mtge 27/aS ser G
Cine Gas
122
-1976
Gen mtge 2'As ser R_.
101
109% 112 •
116
123%
110
117%
110'A 110%
x
86
97%
'<Xi
1973
......
Gen mtge 2%s ser P
Gen mtge,2%s ser Q
Gold 3'As
Income 2%-4 'A
-
81%
98 »A
1952
Gen mtge 3'As ser N
Gen mtge 3'As ser 0__
107%
106
87'A
'
98%
CO
General 4%s series D
A—Jan 2019
ser
-
83%
*83
1st mtge 2%s_1965
Ry Co—
(B F)
General 5s series C
-
*101'A
_1969
General 5'As series B
1989
—r_-
&
debs—
Great Northern
4'As_—Jan 11999
1st mtge 4s series A
Gen mtge, conv 4'As
Chicago
60
deposit.
65
A__Jan 12019
ser
ser .B
L &
of
52'A
98%
Chicago Rock Island
Chicago St
ACertificates
59 >A
Francisco Sugar coll trust 6s.
;
*92%
Western
mtge conv
102'A 102'A
1st 4'As.
1st & ref 5s series A
2038
*50%
Pac
inc
Chicago & North
103
102'A
A
Jan 1983
&
ser
103
^Florida East Coast
-Jan 2003
4s ser A
Gen mtge 4'As
103'A
Firestone Tire Si Rub 3s deb.
50-year 4s„__1956
Sou
&
St Paul
mtge 3%s- ser G.
cons
i$\
Ry—
A
ser
,4'As inc ser A
Chicago Ind
Chic
Louisville
&
mtge 4s inc
A 2d
mtge
High
99
1997
I. Jan 1
4'As
Law
Co-
inc 4%s ser A.
mtge 3'As ser E_.
100%
'•
mtge 3%s ser B
1985
Chicago & Erie 1st gold 5s
1982
Chicago Gt West 1st 4s series A—1988
January 1
No,
1st cons mtge 2s ser H
Ohio Div 1st mtge 3'As—
1st
A
High
112
93
95%
:
Range Sines
Sold
,112
99%
19 70<
Bonds
1st cons mtge 3'As ser.F1st
117 Vi
109'A 110'A
110'A 110'A
1985
„
Friday's
mtge
1st cons
?
115
—
1958
3'As
mtge
106
——1977
1st & ref 4'As series B
Gen
1043A
101
111";
or
Bid & Asked
low
130%
100
■
Chicago Burlington & Quincy RR—
General
5
121
Week's Rang*
Last
Bale Fries
High
low
124'A
Period
Stock Exchange
York
Brie Railroad
gold 4'/2S__
A
New
January I
No.
Interval
BONDS
Banre Sines
Sold
Ry— (:,■
Ohio
——1992
impt mtge 3'As D
1996
impt M 3'As series E
1996
Ref &
fridif
Bonds
Bid & Asked
Low
Chesapeake &
,
.
Week's Bangs \
100%
& Hudson 4s extended-
96%
100 % 100%
96%
96%
103 %
103'A
103'A
100
•
.—
f AInternat Hydro-Elec deb 6s
Int Rys Cent Amer 1st 5s B_
1972
J^mes Frankl & Clear 1st :4s
100% 100%
—1959
102
Central Pow. & Lt:27As_,—1976
Jersey
96%
89
Delaware, Lack & West RR Co—
N
Lack
Y
1st &
& Western
•
Coll
■t
1st
Kansas- City
due—„
Tr
4-6s—
Power-&
May
Light
Kansas City
1
*
mtge ser A
l'/o
•
(3%
fixed
int)
contingent
Alncome mtge-ser A
»
t
;
■
.
'
Income
'
mtge^ (3 %
-
&
ref
2%s
series
I—
Detroit & Mack 1st lien gold 4s..
A Second
81-
66'A
82%
107 7A 108
101
81%
gold ' 4s__x—
4'As_—1.
Detroit Term &fTunnel
107 7A
110'A
101%
101
96'A
96
Det Tol & Irontoh RR 23As ser B.
Dow
Chemical 2.35s
debs_x.xx-_-
75
75%
75'A
105% 105'A
68%
58'A
96
84'A
61 \
86
96'A
96'A
96'A
98%
t§ ADul So Shore & Atl gold 5s
38
97'A
Co
2%s
49 %
;
unguaranteed,
;
.--1961
Hopper's Co 1st mtge 3s
x_
tAKreuger & Toll 5s ctfs
El 111
(NY)
Elgin Joliet
1st
cons
& East
Ry
1st 5s.
110
112%
gold 5s.
141
156%
3%S—
102
105%
101'A
106%
100
105%
El Paso & S'western 1st 5s
5s
-
stamped
J
Ft>r footnotes see page
31.
1
Laclede Gas
Light,4'As conv debs—1963
gold' 3'As_—,.1997
registered
+——1997
Lautaro Nitrate Co Ltd—
•'
—
*
A 1st
mtge income reg_!
1975
1970
v
1984
—1964
5s stamped
1974
Lehigh Val Harbor Term «td 5s—1984
Lehigh Valley Ry Co NY 4%s ext. 1980
5s
stamped
5s
stamped
*100%
—
r
,;
r
99%
Lake Sh & Mich $ou
3'As
50
169
-1964
;—1959
Lehigh Valley Coal Co—
East Tenn Va & Ga Div
97
93%
93%
114'A
98%
112'A
—1961
Lehigh Coal & Navigation Co—
*
S F mtge 3'As ser A___
Ed
100 'A.
97
'
100%
104%
44
75%
*82 %
96%
110%
75'A
106%
Duquesne
Light
102'A
98'/a
"
1017A 103
97
102
104%
96%
75%
J-t Gen'; & ref 3s series H—
J—
4'As
h
Gen
1975
Kings County El L & P 6S-U,--J997
fixed
1%. contingent int)i__'_—.
Detroit Edison 3'As series G
v
100
101% 1017A
mtge.
Plain
contingent int) J
_J—
Denver & Salt Lake—
.A
mtge 4s ser A
1st
97%
97'A
*98
Kentucky & Indiana Term 4'As1961
Stamped
———-1961
x;—
(4'A%
1978
-J—
Southern Ry -1st 3s—1950
3%s. series B—;
:—1968
Kansas City Terminal Ry 2%s
1974
Kentucky Central gold 4s——i—1987
mtge & coll-tr 3'As__——,
1st
& Light 2%s__1970
2%s
1st
3s
Denver & Rio Grande West RR—
•
1st gtd gold 4s—1990
Power
1st mortgage
Essex division
&
Delaware
Kanawha & Mich
ref M 5s ser C_-
Alncome mtge
Morris
div ■*
112%
98
176
103'A.
1%
Friday
...
Last
Period
New' York Stock Exchange
.
Week's Range
or Friday's
Sale Price
Bid ft Asked
/;-.r
Low
2003
2003
2003
4Vis registered
2003
5s stamped modified
2003
Lehigh Valley Terminal Ry ext 5s_1951
Lexington ft Eastern Ry 1st 5s
1965
Liggett & Myers Tobacco 5s
1951
4s registered
4Vis stamped modified
Little Miami
ALombard
__1962
4s series A
gen
Electric
--
Lorillard
(P) Co deb 5s
debentures
3s
1st
&
Gas
ref
Louisville
1st
&
1st
St
44 Vi
44%
72 Vi
721/2
1974
US
1997
Q-J
Q-J
29%
40
36%
47
67
3
Gen
*106
"9
108
108%
111%
107
107
18
34
4s
997/a
101?!
100ft 100 ft
"5
100 VB
102%
11
100 y8
102
6
108 %
110%
Coll trust
Z
*99%
ar-a
M-Q
108%
P-A
v
108%; 108%;
A-O
101%
100% 1011/4
48
100%
MS
106%
106% 106%
11
105 y8
108%
M-a
92
4
91%
101%
1st
"
ri''
77
5
77
2003
A-O
3s
1980
M-a
*94Vi
4s
1955
m-k
*—
1972
M-N
1960
3-D
mtge ft con 4s
Manati
A
1954
B
ser
Sugar 4s sink
fund—Feb 11957
AManila RR (Southern Lines) 4s
May Dept Stores 2%s debs
Mead Corp 1st mtge 3s
1959
*97% 100
86%
87%
3-D
87
M-N
94%
91%
70
96
96
94%
J-D
100% 100%
98
Jf-N
*98%
98%
98%
100% 100%
A-O
-1969
mm
10
jf-a
*__
M-a
53
96
106%
66
3
51
3
53
100% 100%
100%
98%
50%
51%
43
49 %
A
A
1962
75%
751/4
75%
19
68%
77%
j-j
1978
Jan 1967
78
if'..
651/4
12
71%
47%
389
30%
50%
86
81%
86
147
71%
89 %
81%
941/4
29
72
88%
24%
27%
342
18%
84
85%
11
71%
89
86
43
71%
89
3
f 61%
68
101%
104
jf-a
85%
*81 Vi
86
M-3
66%
Monongahela Ry 3%s
1966
F-A
5s
Constr M
Co
series
66 %»
66
99
96%
?
12
12
16%
1
100% 100%
A-O
*94%
98%
95
94%
10
5
12
Mnt
102
98%
93%
97% *•
95
16
93%
104
F-A
103% 104
18
103 y.
105
94%
A-O
106
108%
15
iooy8
104
15
100
104%
—1974
j-d
100
100
100%
41
99%
103%
.1979
j-d
100%
99% 100%
22
99%
103
„1977
j-d
99%
99% 100%
3
99%
103
98
3s series
ref
*Jr
102%
«.«•
j-d
94
94
1
1980
1985
IQftft
lOWW
j-d
97%
97%
34
97
99%
92%
15
91%
96%
♦•99%
*99% 101%
57 Vi
57
57%
27
54%
60%
M-N
78%
76 Vi
78%
10
68%
83%
M-N
69%
69%
16
64%
75
1986
Jf-N
rnmm.
88%
93%
1978
A-O
—
*90
91
102
102
Gen
Peoria
3-3
*104%
104
104
MS
*101
101%
102 %
1960
A-O
M-)h
18
103
35%
1
102%
108%
—
103%
103%
30
97%
101%
1
43%
43
1952
!
j-d
97%
100%
103
102 % 103%
97%
97%
98
98%
98
41
113% 114%
I960
F-A
1965
j-d
105%
1968
B—
3-D
111
49
117
112
66
105 Vi 106
110% 111
99%
107%
4
104 Vi
111%
-'if
94
103%
series D—
1981
A-O
99%
98%
99%
1984
j-j
99%
97%
99%
40
94
103%
99%
98%
99%
54
97
100%
3%s
——1952
;
1985
4s ext—
A-O
Apr
1974
F-A
1980
jf-a
—1974
f-a
4s
Vis
Pere Marquette Ry 3%s ser D
64%
v
87
1
V*
78 Vi
64%
j-j
1960
.
87
A-O
series P.
1990
3Vis
mtge
Peoria & Pekin Union Ry 5
r
106%
4%s series E_.
ft Eastern
A Income
104%
102%
49
4%s
Gen mtge
Conv
deb
104%
102
19
General
series
5s
98%
100
1
debentures
General
94
12
10
103
103
A-O
f
s
20
94%
100% 100%
100%
Jf-8
1965
102%
3-D
92%
3-D
A-O
A-O
Airlines—
debs
Co—
*
94
A-O
.
M-N
mmmm
inc
conv
1
106
106
.1981
2%s series P_
Pennsylvania RR—
Cons sinking fund 4%s
General 4%s series A
1955
4%s series B
100
100% 100%
3s
1955
Mountain States Tel & Tel 2%s
3Vis debentures
j-j
3%s_—1960
Pennsylvania Power ft Light Co—
1st mtge 3s_
1975
1958
A
99
95 V'a
95%
34
96%
95%
*92
101% 101%
Pennsylvania Glass Sand
2000
debs
3s
gtd 3 Vis
07%
98%
*—
96%
101%
30%
1977
F-A
1st
100%
1047/a
100%
Gtd 4s series E trust ctfs
85 Vi
44
A-O
&
92%
99 Vi
j-d
3 Vis
89
84
47%
1991
Essex
2
65
j-d
Pennsylvania
85%
Moh'k ft Malone 1st gtd gold 4s
M
71%
M-a
ser A
.-1949
1st & ref gold 5s series H__—1980
1st & ref 5s series I
1981
(John)
96%
102% 103%
.1971
Pennsylvania-Central
80
F-A
27%
Constr
61%
1975
Jf-N
&
69%
47
...
16
73
71
A-O
84%
61
65
*62%
j-j
71%
22
*62
—
M-N
Morris
102%
65 %
94%
100
.1970
__
1965
gold 5 Vis
Morrell
92
j-d
Tel & Tel 2%s debs
2%S
3%8
|;
..r...
3%s debentures
1978
Paducah ft 111 1st a f gold 4%s_._1955
Paterson ft Passaic G & E cons 5S.1949
79
't
j-j
series B
2
.1966
_
1st & ref 2%s series Q
93%
57%
•
86%
88
*86
J-D
——1962
series G
96%
ft Electric Co—
1st ft ref
101%
51%
j-j
j-j
—1978
A Conv
96%
96%
A-O
1948
guaranteed 4s
1st mtge 3s
lst ft
96
.
.
A 1st ft ref 5s
87%
96%
/•
A-O
.1977
Pacific
(1st mtge 4%s inc ser A
-Jan 1971
A Gen m(ge 43 inc ser A
Jan 1991
mq Kansas & Texas 1st 4si———1990
Missouri-Kansas-Texas RR—
& ref 5s series F
5
1st & ref 3s series K_
Marie—
A
88%
1st ft ref 3s series J_
87%
*102
A-O
4s
38%
r-k
.1975
1st ft ref 3Vis series I
102%
103%
11
1001/4
A-O
ref 5s series
60 %
1st ft ref 3s series M.
99
80
mm
87
86%
1051/4
1940
&
61
23 ■>
E
100%
100%
mmmm
105
1967
A 1st
68
71
63%
1st ft ref 3s series N_
mm
Jf-8
t§AMidland of N J 1st ext 5s
A 1st
103
62%
62%
J-J
-1974
1st mtge
Pacific Gas
Minnesota Mining ft Mfg 2%s
A General
107%
61
us
101
99
*102%
Prior lien 4%s series D—
#99
63%
J-J
101
|i(M Michigan Cons Gas 1st mtge 3%8.1969
/ 1st mtge 2%s
1969
-
1975
V
99
96%
55
101
j-j
A Cum
adjust 5s series A
^Missouri Pacific RR Co—
108
107
—
104
103
98%
j-j
Jf-N
Prior lien 5s series A
116
70
70
Jf-N
1979
40-year 4s series B
4Vis
-1974
2%S—.——
1975
Oklahoma Gas ft Electric 2%s_—1975
Oregon-Washington RR 3s ser A—1960
98
84%
1952
Ste
129
109%
*106% 107%
104
Q-F
Q-A
2047
2047
2047
Edison
Ohio
74%
1st gold 3Vis
Ref & impt 4%s series C
& Sault
101%
67
*100%
Minn St Paul
127
J-J
1st mtge 2%s
1st mtge 2%s.
(Wise) 1st mtge 2%s_
A 1st
97%
15
98%
1966
3%s
49
13
115%
*115
111
*72
US
mtge
127%
tOgdensburg ft Lake Champlaln Ry—
1951
1st
25
77%
A-O
80%
79%
127% 127%
A-O
96%
92%
108%
97%
•
—
3%s„
& Sag
High
109%
89%
77
991/4
111%
.1972
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew ft Drain 5%s
1950
Michigan CentralJack Lans
2047
(Minn)
92
gold
ser
—
Northern States Power Co—
RR—
RR 4%s
Low
106%
No.
102%
2%s series G
Central
.Jan 12047
lien 3s
3s
M
Maine
.-1997
registered-
General
registered
Ref & impt 4%s series A
Ref & impt 5s series C
Ref ft impt 5s series D
«...
1966
ft Co 2%s debs
4s
100 »9# 101
jf-a
2003
(R H)
Macy
lien
Prior
121%
mm
108% 108%
108%
series A
4%s
ref
&
teia
High
Northern Pacific Railway—
78
f
Xoifl
*107% 109
MS
121
A-O
3%s series P
2d
.2014
AGen mtge 5s conv lnc_
Norfolk & Western Ry 1st gold 4S.1996
Northern Central gen ft ref 5s
1974
A-O
A-O
Div
38%
42%
73
& Cine Div
Louis
Atl Knox
39%
30
13
44%
A-O
M-N
m-a
Range Sine#
January 1
Friday's
or
Bid ft Asked
Ry Co—
26%
•»«-
41
Jf-N
M
ref
41
*36
Af-N
.1966
Power 3%a_
Palls
20
351/2
40
41
Bale Price
>
Norfolk Southern
1978
Nashville
ref
27
'
M
&
168
Parted
York Bteek Exchange
New
High
Low
3-D
1963
3Vis
ft Elec
mtge 3s_".
ft
35 Vi
Jf-N
1949
1949
1949
1951
Long Island unified 4s
Guaranteed ref gold 4s
4s stamped
Louisville
NO.
Week's:
Last
Range Since
January 1
Sold
39
38Vi
37
Vi
38
Jf-N
1952
series A
7s
Jf-N
20
Friday
Bonds
Niagara
Lehigh Valley RR—
4s stamped modified
5
High
RECORD
FOR WEEK ENDED AUGUST
RANGE
Monday, August 23, 1948
CHRONICLE
FINANCIAL
BOND
YORK
NEW
BONDS?
&
COMMERCIAL
THE
(766)
30
65
8
59 %
68
18
18
3
14%
25%
:
:
>
103% 103%
10
99 V*
12
106
103
98
98
89%
103%
N
Nashville
Phila Bait
Chattanooga & St Louis—
1st mtge 3s ser B_
1986
National Dairy Products 2%s debs.1970
3s debentures
1970
National Steel Corp 1st mtge 3s
1965
National
Supply 2%s debs___
ANaugatuck RR 1st gold 4s__
Newark
Consol Gas
1967
1954
103
21
102
102 %
*100%
J-D
*103
Jf-N
a-o
97
jf-a
*95%
1983
j-j
*98% 100
102
99% 102%
102
102
99
Orleans & Northeastern RR—
Ref & Imp 4%s series A
New Orleans Term 1st gtd 4s
1952
J-J
1953
tNew Orleans Texas & Mexico Ry—
A 1st 5s series B
lQfU
.
,
y/ ■/ A Certificates
A 1st 5s
102%
*104% 107%
J-J
mm
102% 102%
1
of deposit-——-——.
series C
1956
ACertificates of deposit
1st 4%s series D
89%
M
mm
mm
90
/
6
mm
:
1956
ACertificates of deposit
5%s series A
F-A
*861/4
—
104
—
—
81
94%
80%
92 »/4
80
93%
90%
78%
92%
—
A 1st
1954
ACertificates of deposit
New York Central RR Co—
mm
107%
100 Va
84%
7
92
91%
92
A-O
6
A~-O
95
—
—
15
—
94
—
85
97%
84%
961/4
1
1998
F-A
651/4
651/4
63%
141
63
70%
-2013
A-O
69'/a
68%
69%
133
66%
76
2013
N Y Central & Hudson River RR—
General mtge 3Vis
1997
A-O
78
77
78
73
741/4
84
85
851/4
12
79%
88%
—
76
82%
10
62
;
55
,
Ref & impt 4%s series A
Ref & impt 5s series C
3-3
1
3Vis
registered
1997
Lake Shore coll gold
3%s registered
-
3 Vis
1998
:
York
Y
N
/
>'
Y &
61%
631/4
64%
F-A
61%
61%
*96%
631/4
.
1980
A-O
—1951
1st gold 4s
Harlem
1975
F-A
B
ser
gold 3%s_
2000
Mtge 4s series A—j——
Mtge 4s series B
—2043
2043
—
90
1st
ref
2%s
1978
F-A
99
W
12%
II AFhllippino Ry 1st • f 4»
1937
ACertmcates
ofj deposit—.———
Phillips Petroleum 2%s debs—
1964
Pittsburg Bessemer & L Erie 2%8—.1998
Pgh Cine Chic ft St Louis Ry—
Cons gtd 3Vis series E
1949
Cong gtd 4s series F
1963"
ConS gtd 4s serles
1957/
.-I960
Cons gtd 4s series H.
-1963
Cons gtd 4 Vis series
-1964
Cons gtd 4%s series J
Pgh Cine Chic & St Louis RR—
Gen mtge 5s series A-^.—■ ...1970
Gen mtge 5s series B-———~.1975
Gen mtge 3%s series E
1975
Pittsb Coke ft chem 1st mtge 3%s_1964
Pittsburgh Consolidation Coal—
3Vis debentures—..
,,.., .,,1968
Pittsburgh Steel 1st mtge 4 Vis
1958
Pittsburgh ft West Virginia Ry—
1st mtge 4 Vis series A——1958
1st mtge 4 Vis series B———1959
1st mtge 4 Vis. series C
1960
,.
64
91
90
22
82%
90%
mm
10
96%
...
98
100
97
100
—
*99% 103
J-J
101
—
1st gen
APittston Co 5Vis
Potomac Elec Pwr
1st mortgage
1964
1st mtge 3%s—1966
Inc deb
3 Vis-—
1st mortgage 3s—
t A Providence Terminal 4s
——1977
1983
1950
Public Service Elec ft Gas 3 %s—.1968
1st ft ref mtge
1st ft ref mtge 5s_
85
1st ft ref mtge
A-O
83%
-
1st
&
AGen
ref
mtge 4s ser A
mtge conv inc 4%s
2007
A.2022
ser
83
83%
42
65%
72
691/4
72%
238
60%
50%
44%
50%
1,215
102%
9%
9%
5
*102
j-d
1954
AGenerai
M-8
4s
N Y Power ft
_1955
Light 1st mtge 2%s__1975
1st cons gtd 4sl
1993
N Y ft Putnam
N Y State Elec ft Gas
2%s
102
Jf-N
June 1992
JAN Y Ont & West ref 4s
J-D
96%
Jf-8
Corp 1st 3%s
1963
IN Y Susquehanna ft Western RR—
J-J
51st refunding 5s
§A2d gold 4%s
N
1937
1937
1940
Jf-N
Y
Telephone 2%s
Ref mtge 3%s ser
1
v.
--
F-A
1943
Ref mtge
ser
D
E—
3s series P
For footnotes
see
page 31.
1982
.
„
66%
105 Vi 1051/4
mm
m
•'
—
—
50
'38
24
2
■mm
5
31
04 ya
*102
—
*107%
j-d
107
108
89
..
84%
*102
j-d
*87%
*87%
8s.
103%
100% 103%
79%
89%
09
81%
79 Va
88%
89%
*87%
103Vi
102 Vi
*102% 103
A-O
89
101
103
j-j
a-o
»—
110'/a
...
101% 101%
101%
M-N;
110%
103
108
89
108
A-O
111
103
107
106%
113
109
Jf-N
102
110%
F-A
1
*113
A-O
07
103
—
105% 105%
*102
89%
116
117
90
117
j-d
3-D
JS
*100%
j-j
*105%
F-A
*__
j-j
99%
..
105
—
101%
106 Va
109
*39
*90
Jf-8
90
100
*—
90
105%
102
108%
103
*106% 107%
j-j
105%
142
145
210
—
220
215
Q
51%
771/2
*94% 100
*103 Vi 103%
100% 100 Va
102%
7%
mm
mm
mm
mm
2
10
99% 100
100
98%
100%
13 Vi
3
95%
60%
97
105
98%
68%
97
107%
82%
40
12%
29
73%
78%
98%
93%
Quaker Oats 2%s deb.
7Vi
30
38
22%
98%
32
45%
*__ /
:■
mm
J-J
J-J
96%
*15%
——
F-A
1981
5
97
*__
JS
1978?
95%
66%
F-A
5 A General gold 5s
SATerminal 1st gold 5s
.
*__
J-J
Y Steam
4%
——
A-O
—_1977
N
'
13%
11%
102
101%
101%
„
F-A
t A Harlem River & Port Chester—
1st 4s
—
105%
M-m
100%
101%
75%
May
*95
f-A
8%
83%
J-J
j-d
j-j
77
76%
'
101%
.1954
70%
4
.
10%
*210
21
84
series
97%
*143%
77
84
4s
Ka
2
101
101
:
100
99%
97
15
j-d
76%
_J
West
4
12%
12%
j-j
77
Jf-N
&
07 y*
99%
2037
Jf-H
Lack
98% 102
12%
.38^...—1973
—2037
A—1973
Y
100%
08
26
99
jr-N
4%s series B
1973
IN Y New Haven & Hartford RR—
JACollateral trust 6s
1940
N
108%
*11
F-A
C____———-1974
4 Vis series D——1977
?
110
104%
39
<
ft Ashtabula Ry—
57%
97%
99Vi
Youngstowzi
1
81%
100
•
1st gen 5s series
91
*_._
——
97
97
1st gen 58 series B
*103
J-J
97
j-d
68
1
99'/4
991/4
Jf-N
98%
1981
Pitts
2
99 Vs
97%
1974
65%
90
98
98 Vi
98%
ref 2%s
60
89%
A-O
99%
ref 2Vis
&
71
98%
M-N
ft
61%
90
J-D
1986
98%
118
105
—
106 Vi
105
j-d
114
—
*108%
106
j-j
1971
1967
ref 2%s
6
Chicago & St Louis—
Connecting RR 2%s
N Y Dock
—
65V8
61%
F-A
1998
Ref mtge 3 Vis ser E
1st mtge 3s ser P__
N
81
65
F-A
1998
3%s registered
*79
mm
F-A
1998
—
Mich Cent coll gold 3 Vis'New
J-J
ft
*114%
j-j
1st &
69%
Cons 4s series A
1977
->1961
M-N
1st
118%
F-A
1974
1st
105%
99%
.
1st & ref 2%s
102%
115%
series B
series C
Philadelphia Co coll tr 4%s
Philadelphia Electric Co—
99
102%
—
—
ft Wash RR Co5s
General gold 4%s
101
100%
115% 115%
*100%
1986
105
102%
100%
—
1961
N J junction RR gtd 1st 4s
New Jersey Power &
Light 3s
New Orleans Great Nor 5s aa
6
97%
1982
1st gtd 4Vis series B__
debentures
A
100%
*100% 102
J-D
3s
New
97
*96%
J-D
Jf-N
_1952
New England Tel & Tel 5s A
12
103% 103%
A-O
General
91%
98
102
103
84%
90
97%
98
3-D
,1948
5s
cons
*__
F-A
3-D
103%
108
100%
100%
Reading Co 1st ft ref 3%s ser
Revere Copper ft Brass 3Vis
Rochester Gas ft Elec Corp—
4%s series D
3%s series H
intge 3Vis series I
Gen mtge 3 Vis series j
f ARut-Canadisn 4s 'stamped
IIARutland RR 4 Vis stamped
Gen mtge
Gen mtge
Gen
d—1998
1960
1977
1967
1967
1960
1949
M-N
1941
j-j
*87%
N-N
M-f
125
.
108
103
108'/a
j-j
101
93%
102%
,
20
107 Vi
108%
107 %
US
US
83%
88%
*102% 103%
Jf-N
*104% 105%
*9%
9%
*10%
11%
107%
104
106
7%
7%
11
12%
j
Number 4727
Volume 168
THE
COMMERCIAL
NEW
YORK
&
FINANCIAL
BOND
CHRONICLE
RECORD
RANGE FOR WEEK ENDED
AUGUST £0
Friday
■»
Interest
,,:,,,V;iBOND S
,
New
Period
Exchange
Stock
Fork
Week's Range
Last
or
Sale Price
Friday
Bonds
Friday's
Bid A Asked
Low
a
Sold
High
Range Since
BONDS
January 1
No,
Low
New
Bt L Rocky Mt & P 5s stamped
Bt Louis-San Francisco Ry Co—
1st
9
Union
.
96
1996
mtge 4s series A
84%
Jan 2022
60%
83
84%
4s bond
certificates
58 %
—1989
60%
2d 4s inc bond ctfs„
Gen & ref
422
Bt
Paul
1st cons
Union Dept
Bcloto V & N
Beaboard
E
51%
-
Pacific
Beagram
(Jos
E)
93
89 %
13
3%s B
103
Cons
St
Sons
3V8s
101%
71%
Va
105
103
1957
105%
105%
101%
94%
100%
106
Wabash
1979
RR
Co—
'
1994
Southern Indiana Ry 2%s
mtge 4s inc series A
80%
1977
1969
Ward
Gold 4%S
1981
(Oregon Lines) A
1986
86
80
80%
76%
94
90
117
117
112
80%
1961
1994
Devel & gen 4s series A
Devel & gen 6s series A
Devel & gen 6%s series A
86
80%
94
1
1996
1st mtge 2 Vis series Q
Southern Ry 1st cong gold 5a
1950
3 Ves
97%
1956
109
1996
91
102%
Standard Oil
(N J)
104%
94
1966
93%
102%
105%
51%, 51%
101
93
46%
100%
100% 101
92%
93
1027/a
92%
2%s
96%
Sunray Oil Corp 2%s debs
1966
*98
Swift & Co 25/«s debs
97
1972
*95%
96%
*99% 100%
96%.98%
27/8s debentures
conv
100 Va
Ref
& imp
Ref
St
M 4s series C
2019
imp 2%s series D
1985
97 Va
103%
101%
100%
100 % 100%
88%
102
92%
92%
1001/a 100%
80%
94%
99 Va
101%
1951
debentures
1970
92%
88%
121 %
127%
94%
101%
99 ;v
1985
Term RR of New Orleans 3%8—1974
Ave Ry 1st ref 4s
1960
*100% 102
Third
AdJ income 5s
Trenton Gas & Elec
impt 3%s—1960
973/4
1st gold 5s
Union Electric Co of Mo
100%
94
100%
98
98%
*98'/a
1967
103 Va
101%
101% 102%
—1958
iqbq
,
*
111 %
112%
,;i ?!
^
'
A Certificates of
deposit—..
67%
75%
68
-38%
39%
*—
-
Wisconsin Electric Power 2%s
40
.-1976
*92%
93%
Wisconsin Ppblic Service 3 Vis—1971
64%
101
103%
1043/^
Yonkers Elec Lt & Power 2%s
1976
J-J
101%
1961
05
97%
3%s
106% IOC3/*
mtge & coll trust 2%s
96%
96%
101
*100
Union Oil of Calif 3s deb
2%s
103%
93 Va
97
101
1949
debentures
3s
101%
101%
85
42%
Tri-Continental Corp 2%a debs
1st
71%
Jan 1960
Tol & Ohio Cent ref Sc
100%
101% 101%
101%
2000
Texas Pacific-Missouri Pacific—
A
100% 101%
101
1973
5 A 1st general 4s
...1949
A Certificates of
deposit
5ASu & Du div & term 1st 4s—1936
98%
997/a
97
97
97
1970
100 %
1990
91%
1992
RR—
1st Si ref M 3 Vis series B
1st & ref M 3%s series C
Texas & Pacific 1st gold 5s
Gen Si ref M 3%s series E
67 Va
101%
97
99% 103?/i
1949
106
116%
101%
95
„—1971
1st mtge 3 Vis series D
Wilson & Co 1st mortgage 3a
Winston-Salem S B 1st
^Wisconsin Central Ry—
101
1965
Texas Corp 3s deb
Texas St New Orleans
114%
G4%
101
641/4
101
100% 100%
Gen & ref M 2%s series A
Terminal RR Assn of St Louis—
64
57%
102% 102'/a
Wheeling & Lake Erie RR 4s
100%
69%
59
1960
debentures
2.65s
100
109
68%
67%
'
100%
Wheeling Steel 3 Vis series C
1973
107%
106 %
1951
25-year gold 5s
30-year 5s
Westinghouse El & Mfg 2Vis
57%
109
105%
1950
Funding & real estate 4%s.
97%
103
1971
deb 2%s
109
102%
107%
107% 108
108
1966
Western Maryland 1st mtge 48—1952
Western Pacific 4%s lno A—-~~Ja&2014
Western Union Telegraph Co-
113%
103 %
*105% 108
*106% 107
1950
.1967
—..—
West Shore 1st 4s guaranteed-—2361
Registered
2361
110
108%
3%s
West Penn Power 3%s series I
98
109
94
51%
Gen mtge
94%
120
105
102% 102%
1983
Calif 2%s debs
91
Baking Co—
Westchester Ltg 5s stpd gtd
84%
*
112%
*104
1951
debentures
Oil of
108% 109
debs„1985
89%
91%
97%
112
Spokane Internat 1st gold 4%s—2013
Standard
96%
—1956
Memphis Div 1st gold 5s
St Louis Div 1st gold 4s
07%
(subordinated)
1970
Warren RR 1st ref gtd gold 3%s_2000
Washington Terminal 2%s ser A—1970
1st mtg 3%s ger A_187B
mtge 27/as series E
1st mtge 2%s series P
86%
97%
5%s debs
Southern Pacific RR Co—
1st
80%
96
1st mtge 3Vis series B
1971
Walker (Hiram) G & W 2%s debs_1960
Walworth Co conv debentures 3%s_1976
Co—
82%
*80%
Jan 1981
Gold 4%s
A
106
1963
Gen mtge inc 4 Vis series B_Jan 1991
2%s
109
1995
Gen
Tel
100 A
Va
94 Va
1985
Bell
99
104%
1958
1987
Southwestern
112 Va
2003
debentures
San Fr Term
103
107%
*98% 100
1st gold 5g—1949
debentures
4%s
101%
109% 110 Va
1963
99%
94 Va
96
•101
1978
debentures
Iron Coal & Coke
95%
1975
mtge 3s series F
conv
27/as
1st
High
1955
g 4s series A
cons
4s series B
2%s
Pacific
Low
Virginian Ry 3s series B
1971
t§ASilesian-Amer Corp coll tr 7s__1941
Skelly Oil 2%s debs
1965
Bocony-Vacuum Oil 2%s
1976
Southern
High
January 1,
No,
Va & Southwest 1st gtd 5s
1st cons 5s
1966
South & Nor Ala RR gtd 5s
Southern Bell Tel & Tel Co—
3s debentures
f
s
1st & ref
..Jan 2016
2%s
Lou)
Range Since
Sold
RR—
Virginia Electric & Power Co—
1st & ref mtge 2%s series E
1971
Oil 2%s debs
Bonds
Friday's
debentures
Vandalla RR
1989
1996
or
Bid & Asked
109
80 %
__
100 % 100%
Week's Rang*
2%s debentures
Universal Pictures 3%a debs
RR Co—
1st mtge 4s series A
Aden mtge 4%s series A
Shell Union
93
100%
Sale Price
65%
98%
—
Last
Period
89'/a
gold 4s_1968
1st gtd 4s
Air Line
*90
1990
V
107
Nov 1989
goid 5s series A
St Paul & Duluth
*106
99%
80
115
Bt Louis-Southwestern Ry—
1st
81
99 Va
1997
A2nd mtge inc 4%s ser A
79
75%
/
Interest
.
Ref mtge 2%s series C
United Biscuit 23/4S debs
US Rubber 2%s debs
100'/a
70
-1-1996
1955
-
Exchange
.
27/as
1971
Stock
High
•(
Baguenay Power 3s series A
Bt Lawr & Adir 1st gold 5s__
2d gold 6»_.——
York
102
debentures
102 3/a
•
96%
97%
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
in
footnote
a
In the
in
and
the
deferred
week
in
delivery sales
which
are
they occur.
following extensive list
disregarded in the week's
No
account
furnish
is
taken
of
AND
range
such
sales
YEARLY
RECORD
.
unless
they are the only transactions of the week, and when selling outside the regular
in computing the
range for the year.
weekly range are shown
complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
Aug. 14, and ending the current Friday, Aug. 20. It is compiled from daily
reports of the Curb Exchange itself, and is intended to include every security
whether stock or bond, in which
any dealings have occurred during the current year.
J.
,
'
>
'
we
-
•
*
'
•.
a
v/W
•'
/•
•
.
•
•
?Vr
•
•
•
RANGE FOR WEEK ENDED
•
.
•
'•••
''
'
.
Friday
Week's
Last
Range
Bale Price
ef Pricea
Low
Acme
Aluminum
Acme
Wire
warrants
Co
Range Since January l
High
Low
200
2
3%
3%
3%
100
common
Hat Stores Inc
Air
Associates Inc
Air
Investors
(N J)
Great
Alaska
Alles
& Fisher
—
•
—
preferred—.—.
1%
93/a
Apr
43/4%
7%
—
Inc
lVa
ll/a
300
3%
(Mich)
7%
Aluminum
Industries
Aluminum Ltd
common.
see
%
3%
Jan
Jun
7%
400
Feb
8% May
20
79
Feb
89%
25
87
Jan
101 Va May
93 % Mar
3%
400
3%
5%
23/4
' *
—
Jan
6
Apr
4% May
7
May
page 35.
class A_
18
50
&
__
6%
Gas &
108%
Laundry Mach_
American Mfg Co common
American Maiacaibo Co
Apr
American Meter Co
Jan
69
Jun
American Potash & Chem class A,
Class : B——
98
May
American
25
Jan
American
59%
X57
91%
90
91 %
300
24
24%
700
89% Aug
22
Mar
9
Feb
700
36
Mar
59%
2,000
50
Feb"
—'■
52
.4
49%. 52
13
.
Jan
56
Jun
.
2% Aug
1% Aug
13/a July
10
2% Jan
Aug
90 V Jan
Mar
Mar
Feb
;% 7% Jun
76
108% 110
2%
17%
2%
331/4
341/4
37
17%
18%
31
17%
17%
1,000
300
2,200
650
700
350
25
150
350
2,300
5%
16%
31
108%
1%
32%
Products Co
1
..
Republics
Seal-Kap common
Amer Superpower Corp com
v; $6 series preferred-—
—
19% May
40% July
113 Va May
Aug.
Feb
July
36% July
16
Feb
3% May
•.
'^40/
Jan
Mar
43% Jan
21% Jun
32% Jan
15% Feb
July
32 Va Jan
29
30%
preferred
Metal
63/4
18
38
30%
17%
American Light & Trac common—
American
High
Low
1,300
__
76
37
2%
341/4
preferred
$2.50 convertible preferred
American Hard Rubber Co
122
'22%
173/4
37%
37%
American General Corp common—
6%
"
' -
Range Sinoa January!
v.'
2
6%
17%
common
Electric com
preferred
convertible
High
1%
Light—
■: 3% May
Mar
Week's
Sale*
Rang*
(or Week
of Price* ■Share*
76
-
Power
Class B
$2
1%
common
Co
Apr
17% Mar
'
common
common
For footnotes
Jan
973/4
18
preferred
Mfg
Goods
1%
Co
14
common
America
Apr
% Jun
3%
cumulative
Aluminum
33/4 May
38
Jun
97
common.
of
36
„
2,000
common:
Co
Feb
89%
97%
Products
$3.75
3% Mar
Jan
American
pfd
Allied
Aluminum
Cities
American
Investing Corp
Altorfer Bros
Book
American
Jun
%
—
1
American
Apr
14%
%
Internat
Beverage
Mar
Xll% Mar
~
Allied
American
-
7%
6% Mar
Southern
Airlines
35
700
3
Alabama Power 4.20 %
5% Mar
Jan
12%
12
gale Fries
Exchange
Car
American Fork & Hoe
Air-Way Electric Appliance
Alabama
Curb
low
4% Mar
—.
preferred
York
American Bantam
100
1%
12%
SAireon Mfg Corp common
6tc convertible
3% May
5%
common
Convertible
Mar
31%
—
—
5%
New
High i
1
3% July
Aero
Supply Mfg
Agnew Surpass Shoe Stores
Ainsworth Mfg common
Last
STOCKS—
Shares
2%
—
Adam
Friday
for Week
2%
Alloys
20
Sale*
STOCKS—
New; York Curb Exchange
ACF-Brill Motors
AUGUST
19 ; May
'
V'
EXCHANGE
CURB
YORK
NEW
Monday, August 23, 1948
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(768)
32
WEEK ENDED AUGUST 20
RANGE FOR
Week's
Friday
Friday
Curb
Bale Frlee
Exohaftgc
'Low
Par
American
Thread
American
"Writing
preferred J
5%
Anchor Post Products-—
Angerman Co Inc
Anglo-Iranian
Amer
1
Common class A non-voting
Power & Light $7 pfd
Equipment Corp
Ashland Oil & Refining Co_
American dep rets reg
Laundries of America
& Tel
Coast
Line
.
—
*11%
18%
18%
18
5UU
570
98%
1,600
4Va
12%
4%
Feb
3,300
6% May
8% May
10% May
10%
12%
1
_
1,400
17
3%
5%
27%
1
Inc
1
7%
1
4%
64%
3,800
3%
Feb
7
300
24%
Feb
32
May
4%
Jan
6%
Feb
5
5
200
7*%
300
6%
Apr
9%
Apr
16% July
10% Mar
8
25
24%
3
com
17
Mar
Jun
% May
7%
5
•
Avery (B F) & Sons common
6% preferred
—
5%
27%
5
27%
Jan
2% Mar
52
.
Jan
lVa
Feb
6 %
l,uuu
50
Products
Ayrshire Collieries Corp
3%
13V2
—
8%
22%
__
15%
300
23
Feb
Feb
July
Jun
26
27
B
Babcock & Wilcox Co
Baldwin Locomotive—
7%
—*
preferred——
Baldwin Rubber Co
58%
56%
58
1
common
200
9%
9%
9%
Jun
38% Aug
Jan
34
80
61%
Feb
45
3.60Q
Barium
shares—
Mar
9
14
Jan
Jan
11
Jan
10%
—
Steel
Corp
Barlow ft Seelig Mfg—
$1,20 convertible A
common
Baumann, (L) & Co
Beau-Brummel Ties
Beck
(AS)
Bellanca
common
15%
1
2%
2%
400
Apr
149% July
10%
8% Aug
Jan
22% Aug
—•
19
Jan
——•
preferred
Jan
-
3%
Jan
125% Mar
500
8%
8%
1
May
7
17
1%
170
147
143
146%
100
Aug
7% May
15% May
Apr
5%
Jun
18
14 Va Mar
500
Bell Tel of Canada
■
Jan
10% Mar
15%
Benrus Watch Co Inc
Benson ft Hedges common
Convertible
5%
100
6
6
1
—~1
common
Feb
15
—-1
common
Shoe Corp
Aircraft
100
200
6"%
6%
1
7%
4% Mar
8,100
17
17
8
Basic Refractories Inc
6'/a
5%
I
—
31
Apr
'34
18
Jun.
Bickford's Inc
common
Birdsboro Steel
Blauner's
Blue
common
Ridge Corp
prior
2%
3%
2,700
8
8%
600
38%
40 Va
150
79%
80 Va
90
17
38%
17%
200
Oil
7%
23
23
13%
13%
in
•
Mar
25
700
Feb
22
16
50
9% Jan
14% Apr
20
1,800
15% Mar
Reynolds common
preferred class A
30
$1
Crown Drug
5%
Tobacco
Curtis Lighting
Curtis Mfg Co
Jan
(#',23 % Aug
£1
Aug
9% Aug
Jun
Class B__
1%
•
22%
200
1%
1%
July
Dennlson
22%
July
Derby Oil Co common
8%
Jan
13%
Feb
12%
~5%
Gasket
Bruck Mills Ltd
•
Bunker Hill & Sullivan
Burd Piston
Ring Co
xiT
lT%
xlT%
1,000
27% May
5% July
Feb
12
25% May
32
May
Jun
31
July
10% Mar
12% May
7
Raynolds class B
22%
22%
400
16%
17%
850
%
%
6,200
2%
500
24%
Jun
17%
Jun
Draper
%
Feb
1 % May
Cables
ft
100
5%
California Electric
pfd
£1
3%
Jan
Duke
12%
Apr
Dunlop Rubber Co Ltd—
Amer dep rets ord reg
Durham Hosiery class B common
Feb
11%
2%
Power
Feb
Power
Co
Aug
Aug
8ye May
4% May
7%
1
Canada
7%
300
3%
3
800
18%
100
•
Bread
Co
Ltd-
Canada Cement Co Ltd
6% %
common
preference—'
Canadian Canners
Convertible
Ltd
preferred
2% Mar
20
3%
•
Feb
Apr
3% Feb
12%
18%
Feb
Jan
•
25
A
voting
18
10%
Feb
100
10%
Feb
•
Marconi
City
1
Products
4%
400
14
3,100
Feb
4%
54 %
3%
Mar
46
200
400
Jan
Feb
1%
Jun
Feb
10%
Jun
1,800
1
1,100
6%
100
7
1,200
.50
5% Feb
13% Mar
400
2% Aug
.
2%
Jun
May
3% May
3
Apr
35
26
19%
2,800
Apr
16% Mar
101% 101%
19%
9
16
Jun
1% Mar
100
33
19%
40
100% Mar
8%
100
7% Mar
8%
20
20% May
104 %
13%
Jan
11 Va May
Jan
8
4% Marq
100
15
15
,
9% May
5% Mar
14%
Jun
56 Va May
Jun
'7
6%
15 Va May
/97 a
4%
3,100
14%'
,
Apr
May
6
53%
1%
7
1134
Feb
9
f
Jan
3% July
37 Va
46%
1
—
13% Jan
200
8
2%
16%
Jan
37%
Mar
Feb
Jan
34
,
6%
,
10%
3
6% Aug
6% Aug
400
Aug
3% July
.
35%
Aug,
120
31% Aug
7%
7%
100
5% Mar
8.% July
9%
10%
1,900
9% Aug
11% May
29%
1,400
31%
31%
3%
24%
Apr
Feb
31
Mar
140
3%
..
24
3%
24%
18%
1,000
Juns
11%
4
2% May
1,600
Apr
140
18
9
29
1
—1
10
•
300
3
28%
31 %
—8
6%
3
Jan
July
23%
Jun
14
Feb
11% Aug
7%
7%
Jun
1,400
2%
15
Apr
Jun
May
12%
7% July
2% Apr
100
8
2%
77a
Feb
5%
1,100
12 %
Jan
Jun
3%
Jun
29
21% Mar
77
77
Mar
79 % May
Jan
49
Jun
74 % Mar
25
U % May
65
850
16% May
Feb
83
May
Jan
8
Jan
11% July
75
73
75
600
Feb
36
14%
14
11'/a
"9%
14%
14
Jan
8
£1
•
1
-•
4%
3%
300
5 % May
Feb
12%
2,500
common
Carolina Power St Light $5
9
.
25
45%
.4 9%
300'
Feb
(J W)
•
109%
1
Jun
16 Va
Feb
ord
preferred series A—
series B
Sugar Associates—.
Com shares of beneficial int—
$5 pfd shares of beneficial lnt_
Easy Washing Machine class B__
$7
4
109% 109%
3%
25
12% May
12% May
common—
warrants
Electrographic Corp common
145
July
2% July
Option
6
Jan
Electric 5% pfd
Empire Millwork Corp
Jan
Emsco
Derrick ft Equipment—
-8
Jun
Equity Corp common
$8 convertible preferred——
10c
2,200
4
3%
Apr
53
110%
6% Jan
Eureka
4% Aug
4%
4%
300
common
•
4%
4%
4%
1,300
Castle (A M)
& Co
Catalin Corp of America
.1
6
5%
6Va
1,700
5% Aug
74% Mar
4% Aug
31
10,
Jan
7%
7%
Central Ohio Steel Products
Central Power Si Light 4%
Central Si South
1
pfd
West Corp
5
preferred—100
100
Conv pfd opt div ser
100
Conv pfd opt div ser 1929
100
Century Electric Co common
10
■■7% .preferred--——-
common—
:
common
Mfg common
Chicago Rivet ft Mach,
:
Chesebrough
For footnotes see page 35.
17%
200
1
10
8
10
4-
84
Ltd
—
Line common—
-1
10
Instrument.
Airplane—
'Fansteel Metallurgical
—
Fire Association (Phila)—r
Fairchlld Engine ft
July
16%
Feb
19% May
Apr
Feb
90
Jun
First York Corp common
12% Aug
10% July
21% Jun
Feb
86%- Jun
Mar
21 'May
(MH) Co—
5c to $1 Stores
12
Feb
21% May
10
July
Feb
14% May
3%
7%
Feb
12%
14
200
70
70%
73
270
54
13
13
200
10
10%
200
4%
1,100
4%
4%
5 %
18%
19
60
59%
60%
16
16
16
.
2,100
200
50
Amer
Ford
Jan
13
18 %
25% Jan
Aug
$2 div cum
A or
8%
10% July
19
1
1.
10 ,
10c
Ford Motor Co Ltd—
8%
10%
10,800
200
50
12%
1,000
13%
12,900
138%
5%
12'/a
100
2%,
94
7%
3
1%
■
1%
l38
1%
July
14% May
3%
98
8%
Feb
15,
Feb
1%
200
Jun
Feb
Jan
Jun
2% July
Feb
46%
37% Aug
50
7%
1%
Jan
7
Jan
6%
18,100
38 }k
Jun
146
2% Mar
92
700
11
■38%
16%
Feb
Feb
10% Aug
-50
7%
Feb
3%
700
.94
Jun
147/8 May
9%
300
12%
~5%
Apr
587'a
Feb
126
20
5%
13
Feb
8%
Jun
1ft
1 ft
6%
87/a May
1
13,700
Feb
Apr
3%
25
7%
24%
24%
4%
4%
25
4%
Aug
11%
12
51
52.
1,000
9%
Jan
30 % May
3%
Jan
54
Apr
70
Jan
15%
Aug
18
Jan
1
preferred
Jan
10%
350
46
Jan
800
2
125
33
Aug
-
2%
■
2%
2%
of
3%
3%
3%
21%
21%
21%
France—
Amer dep rets bearer
Fort
Pitt
Brewing
Co
34
*
•
B voting
Motor
33*
14% Mar
Motor
Class
Ford
23
£1,
dep rets ord reg
of Canada—
—
—
1
..
3% Aug
900
Apr
53.%
Jan
•
July
5% May
15%
Feb
1,000
-1
Class A non-voting
29
Jan
5,300
Flshman
13
10%
10%
2.50
Chamberlin Co of America
Corp common-,
17%
57%
Jan
82%
17%
100
{Central States Elec 6%
Cessna Aircraft Co
200
-1
-1
Falrchlld Camera ft
80
81 Va May
Jan
8%
"
80
Feb
10% July
38% May
Central Maine Power Co—
100
12%
138
100
1
—
Corp
Eureka Pipe
Jan
53%
300
12%
1
Empire District
Apr
200
12%
1
Inc
Electromaster
Apr
2s 6d
preferred
13%
B
Jan
May
88
56%
$7 2d pfd A—•
May
4% May
Feb
70
12%
531
Apr
2% Mar
25
70
1
83
57
78
—1
Jun
Jan
200
12
10
4"%
Cherry-Burrell
ft Share
Electric Bond
May
83 Va July
65% Mar
325
78
78
•
57
108%
75%
74%
$8 preferred
17% Aug
7
Feb
Mar
76
54
Jan
8%
1
Products
200
75
3%
1,200
83%
—25
Esquire Inc
Co common
5%
82%
Eastern
Ltd—
Amer dep rets B
4%
P'3
Mar
35
48
*,,
pfd--
1%
Jun
5
IlOfc
3% May
45%
9%
2.50
Carr-Consolidated Biscuit Co
Carreras
1
2%
2
2
•
Carman & Co
Carnation Co
139%
100
Carey Baxter & Kennedy Inc
**'
8% Aug
3 Va Jan
—
Electric Power ft Light
preferred
Canadian
Charts
1,000
'
9
~3% "3%
preferred
Eastern States Corp
May
Apr
xl4% Mar
•
Class B non-voting
3.50 %
% May
-100
Eastern Malleable iron
Aug
16%
•
6%
common—
prior preferred
4%%
Canadian Industries Ltd—
Casco
% May
33
•
ft Fuel Assn
East Gas
18% May
18
22% May
20
common
6% Mar
8
Canadian Industrial Alcohol—
Carter
—
8% Jun
8
1
Tungsten Corp
Capital
1,200
Jan
6%
5
8
7%
%
2%
Apr
3%
1
Camden Fire Insurance
Class
17% May
Wireless—■
American dep rets 5%
Calamba Sugar Estate
Calif Cotton Mills Co
Callite
5%
Feb
"8%
10
•
2% Mar
2% Mar
50o
Jun
8%
2%
•
Corp.
Driver Harris Co
Duval Texas Sulphur
common
Jan
Mar
2
1,100
45
6%
1
1
•
25
•
•
Domestic Credit Corp
Duro Test Corp common
Cable Electric Products
r.
Dobeckmun Co common—
10% July
25o
40
'
Jan
Jun
1,400
£1
Mar
13
%
2%
2%
15 Va
2%
52 %
1
dep rets ord reg_
Amer
class A—
Dominion Bridge Co Ltd
Dominion Steel ft Coal class B
Dominion Tar ft Chem Co Ltd
Dominion Textile Co Ltd common
16
17%
12%o
Feb
13%
7%
46%
;
50c
Mar
22%
1
Burry Biscuit Corp
Butler (PH) common
11%
Distillers Co Ltd—
2.50
Corp Amer dep rets
ft .Manufacturing
Gray Iron Foundry—.
Detroit Steel Products
Detroit
Jun
Apr
17% Mar
•
Buckeye Pipe Line
100
——
2%
5% July
300
500
3%
_10c
—35
50c
Diana Stores Corp common
3,300
5%
11
28
13%
Jan
12% Aug
5%
29%
4%
54%
5
-—_—100
Apr
1.100
10%
—
43% Aug
1,300
15%
8
common
2%
13
28
1
2.50
class A
Mfg
debenture—
23%
50
1%
10
Brown Rubber Co common
Bruce (E L) Co common
A
Dayton Rubber Co class
Jan
23
12%
1
Inc.*.;
Day Mines
1% Aug
20
22%.
•
Brown Forman Distillers—:
4% cum junior pfd—
Jun
Feb
48%
8%
2.50
—5
Dejay Stores common——
Devoe ft
10s
Jun
5'/a July
100
D
18
Celanese Ltd—
dep rets ord reg
British Columbia Power class A—i
11 Va
107
%
•-
Davenport Hosiery Mills.,—2.60
Davidson-Brothers Inc common
^1
fv 44%
•
Jun
2% Mar
4%
2
•
Inc common
(Mo)
—
Jan
105%
13%
100
common
Jan
Feb
k
Jun
70
114% May
1% July.
9
5
preferred
Cuban
1,000
8 Va
72%
3,100
13%
10
Atlantic Sugar common
Cuban
Detroit
9
Co common
preferred
11%
100%
48%
Crystal Oil Refining common—*-—
$6
100
100
8%
Feb
6%
4'/a
•
—
-5
•
25c
Cork Internat'l
25% Mar
650
30
1
:
(Md)
"A" Jiartlc
Cent Petrol
Crown
50
A May
29% July
107% Mar
99% Aug
10%
Apr
5% May
Jan
x62% Jun
95
July;
33%
Feb
40
~
Crown
Feb
20,300
7%.
100
Feb
7%
7
29%
400
-
—
5
1
1——
Crosley Motors Inc
Crowley Mtlner ft Co
500
63%
•
Co
Brewing
Croft
6% Aug
29 %
63%
(ord reg)__£1
Creole Petroleum
July
9% May
3% Feb
109% 110%
110%
50
dep receipts
July
8
Feb
1,500
7%
7%
1
American
15
Feb
3%
5,200
"%
29
preferred
7% Jan
4%
32
Cosden Petroleum common
5% convertible
Courtaulds Ltd—
Feb
35
3*2
May
11
iv
Tobacco—
£1
:
Corroon ft
6
5% Aug
35
*
1
——
100
6
33
Jan
July
May
419% May
.7% AUgV;;: ijNUl% Mar
13% Mar.;
Inc.
Jan
7%
6%
2%
13%
Coro
24
2,500
Jun
10%
51
1,200
6%
1%
6
1
*
5c
Brewing Co common
Copper Range Co_Cornucopia Gold Mines
7% Mar
7
Jun
4
7%
100
Cooper
Jun
4%
1% Feb
5%
80% Aug
79% Aug
16
16
Jun
series B
19
Feb
1%
800
.
1
•
100
1956-
Apr
Feb
14
11
7,100
7
Jun
Feb
9%
2%
46
Jun
14 % May
10%
42%
.11%
100%
4%
48 %
m i«-
•
Amer
Burma
50
129
33 % Mar
19%
*
u
300
7%
•
■
4 % May
10% May
8% May
•
Co
Feb
400
1%
66%
11% Mar
9%
—1
5
Consolidated ^ovaltv Oil
>
—10
Consolidated Western Steel Corp.
-•
Continental Car-Na-Var Corp
1
Continental Fdy & Machine Co
1
Cook Paint & Varnish Co__
*
May
14% July
22% Aug-
1
-i
9 %
8% Aug
113
—-
*
dep rets ord bearer
dep rets ord reg
British
6% Mar
28
Brillo Mfg Co common
ClaSS
American
1,175
3%
Light ft Power——*
Corp common
Bridgeport Gas Light Co
Bridgeport Oil Co
Amer
14%
3%
*
Breeze
Amer
7% Aug
13%
100
—
Brazilian Traction
British
16% Aug
100
100
Borne, 'Scrymser Co
Bourjois Inc
British-American
100
7%
13%
•
pfd—
cum
16%
1
common.:
1st preferredi.
5% %
——
3
Blumenthal (S) & Co common
Bohack (HC) Co common
7%
16%
7%
]
Fdry & Mach Co com_*
50
3%
25
preferred
4% preferred series C
Consolidated Gas Utilities—L__
Consolidated Mining & Smelt Ltd
.
Jan
16%
Machinery—
Consol G E L P Bait common
Banco de los Andes—
American
100
6%
.7%
Colon
4% %
10%
•
Cockshutt Plow Co common
Compo Shoe
Vtc ext to
300
-
Community Public Service
Jun
13%
2%
46
Apr
Jun
Feb
%
*—20
•
Products Co_
Club Aluminum
Feb
Feb
16%
4
Clayton & Lambert Mfg
Clinchfleld Coal Corp common
Jan
%
31%
2%
Aug
14
Aug
6
200
Claude Neon Inc common—
5 Va
2,800
17,800
10%
10%
1
;—1
Co-
Mfg
50(3
1%
13%
1
Controller Co
Clarostat
7% May
3%
—5
—10
City Auto Stamping
City & Suburban Homes
7% May
54%
6
High
.
Jan
1%
5%
1%
54%
Development ordinary
Colonial Airlines—
1
Colonial Sand & Stone CO———-—1
Colorado Fuel & Iron warrants
Colt's Manufacturing Co—
25
Commodore Hotel Inc__
1
Commonwealth ft Southern warrants—
23
Feb
Feb
10 Va
Jan
115% Aug
Feb
112
10
600
2,800
Low
52%
6
1
10
Cities Service common
8% May
4% Feb
600
Apr
108% May
Jan
Feb
2,000
Jan
4
Feb
8%
Range Since January 1
High
5%
•
*
Chicago & Southern Air Lines
Voting trust ctfs
Chief Consolidated Mining
Clark
Jun
19%
May
3
1,500
H
•
Automatic Voting Machine
tA
Jan
7% July
Feb
13% Aug
50
£1
Co
Corp warrants
Plywood Corp—
Steel
6%
*6%
14
14
3
3Va
9% 10%
101 % 102
4%
5
6%
6%
6V2
6%
10% 10%
114% 114%
11 11%
16%
Fisheries
Coast
Automatic
~
class A
Atlantic
Atlantic
Atlas
■
1
Associated
Atlas
8%
July
Industries—
Associated Electric
Associated Tel
--
10
101%
10
•
2.50
preferred—*
Arkansas
Aro
14
100
1
•
•
Inc.—
Arkansas Natural Gas common-.—
61o
9
6
300
6%
6%
Jan
Jan
5
5%
£1
1
1
Appalachian Elec Pwr 4 %% pfd
Argus
100
Ltd—
Co
dep rets ord reg—
Angostura-Wupperman
Apex-Elec Manufacturing Co
•
* 6%
Apr
6% July
4%
600
5
6%
Low
Par
Shares
of Prices
High
Low
High
47/a
6 V«
—
.——2
common
Oil
4%
8
5
Paper common
Curb Exchange
York
New
Range Since January 1
Shares
of Prleea
Sales
for Week
Range
Las*
Sale Pries
STOCKS—
for Week
Banc*
Last
STOCKS—
New York
Sale*
Wwk'i
Jun
-3% May
.
33%
Apr
18
Apr
5% May
16%
—
Jan
23
May
18 Va
100-
Jan
35
Aug
1
Feb
2
Jan
7%
Feb
.
1%
1%
1%
500
10 Va July
Tffil COMMERCIAL & FINANQAL
Number 4727
Volume 168-
YORK
NEW
%ANCfc
Week's
Friday
STOCKS—
w
•
.
Last
i'y'5:
■
':
Par
Low
W"
Fox (Peter) Brewing——
Range Since Jaaaary 1
High
11% Mar
1,600
30%
30%
30%
150
9%
80
4%% conv preferredFuller (Geo A) Co__———^
9%
9'%
Last
200
Far
32
Jun
12%
8% Mar
Jan
& Electric 7%
Kansas Gas
Co..
pfd
13%
1,100
7%
600
9
Feb
16
Jun
•84
100
-1
preferred
Feb
92% July
Gellman Mfg Co common
:
7%
10 ya
8% Mar
5%
Apr
•
—• v
GeneralAlloyeCo—...
General Builders
6%
Supply Corp com—,-1
preferred.'.
25
conv
2%
2%
2%
100
4%
4%
4%
400
3% May
1% Mar
3%
5%
Jan
Jun
27%
Jun
Feb
23%
■
Outdoor Adv
Phoenix
6%
6%
r
''
—y
37%
400
37/8
900
6Va
3,200
5%
10O
.-'$5
preferred-—
Gilchrist
;■
94%
96
210
96
62
Gleaner Harvester
Glen Alden Cdal
2.bU
1
Inc_
"
Foundry A Machine
Corp of Delaware
:
Jdn
84
Apr
Feb
12
(Adolf) Inc
common
Godcbaux Sugars class A
'Class B
—
Jun
,
••
Lefcourt
21%
Feb
32% July
Jan
25% AUg
Le
13%
13%
13%
500
2%
27/2
2%
700
■13% July
12% Aug
21%
Jan
15%
JUn
Jan
3%
Jan
Aug
22% Feu
28 V*
84
91
Goodman
*2%
41
Mfg Co.
84
10
%
%
%
8.7C0
ft Mar
.50
_
Gorham Inc class A.
Gorham Mfg common
Ma*
6% Fe»'
54
-
10
Graham-Paige Motors 5%
61%
250
50
14%
500
12%
5
Rapids Varnish
Mfg Co..*...*
Great
7%
stock
common
•
Mar
•
-
9% Jan
65
•
Jan
Feb
18% Jan
10% July
7
uy« May
•
10
900
108% 110
1st
preferred—
Great Northern Paper-
225
91
Feb
120
Jim
137
100
a
Grocery Stores Products
Utilities
states
110
120
133
Apr
140
39
8%
x98
100
Gypsum Lime 8s Alabastlne
138 %
37
25
,
pfd
Tourneau
Line
Mar
300
36% Mar
100
8
70
8%
98
100
May
Aug
44%
9%
105
Hammermill
Hartford
Electric
Hartford
Rayon
Light
51%
30
3',4
3%
300
2
2
500
6
1
6
100
3%
Hearn
Hecla
•
Dept Stores
Mining Co
Helena
common
:
common
preferred
Henry Holt 8s Co
(R)
9%
5
91
common
5 %
(Geo A)
8s
Co
10
Feb
14% July
10
275
9%
common
preferred
Hubbell
Oil
Inc
7%
200
6
warrants
i
Feb
11% May
Aug
98%
Jun
73
7%
Apr
85%
Jan
7% July
9%
Jan
300
3
Mar
150
24
Feb
19
39%
40
90
140%
LtU
32%
32%
May
39% Aug
40
140
75
—
—
Apr
May
Jun
1,300
28
Apr
Jan
5% Aug
—
Feb
31% Mar
105%
common-
Jan
19% May
77
78
5
-
stocx
11%
3%
3%
28
140
78%
2%
5,100
3
Feb
X65
200
2% Aug
*
41% Mar
—
4% May
Jun
30%
20%
Apr
44%
Jan
148
Jan
35%
Jan
110%
Jun
4
III-I
4
4
Jun
88
Jun
4% May
44
Jan
*
2%
II—5
2%
200
18%
lo
400
7%
Jun
3% Aug
200
1
Hydro-Electric Securities
Hygrade Food Products
Apr
24%
77/a
Jan
27% Aug
._
„
1st conv preferred.—
Corp
Loblaw
Locke
•
class
A
Illinois
Zinc
Co
50
•
common—.-
Imperial Chemical
Amer
pfd
42%
Jan
2%
Feb
Feb
16
3% May
Jan
21
--
--
52%
Feb
10% Mar
--
Lone Star Gas Co. (Texas)
—
Longlnes-Wlttnauer Watch Co..
Long Island Lighting Co—
Common ctfs of dep
7% preferred A ctfs of dep
6% preferred B ctfs of dep..;
Louisiana Land & Exploration
Louisiana Power & Light $6 pfd—
Lynch Corp
t
A Ireland——
4% May
13%
13%
13%
1,200
11% Mar
13%
.Rights w i—..
Imperial Tobacco of CanadaJ
-L-5
Imperial Tobacco of Great Britain
.
13%
13%
1 Va
1ft
1,300
63,600
11% Mar
.1ft
89% May
16% Jan
11
92
92
95%
97%
-
1 ft
Insurance Co of North America
-10
International Cigar Machinery
A
•
95%
*
13
20
July
9%
800
—£1
-■
Indlanapolis PWr & Light 4%' pfd_. .100
8% Feb
17
May
16% May
Jan
12% July
9% July
10%
—
Marconi
13% (Jan
88
1,200
July
92% Feb
100
12% May
13
-
1%
96
Jun
Mar
107% May
18
Feb
Hydro-Electric—
International Petroleum
coupon
•
shs__*
23% Jan
11%
11%
*
International Safety Razor B__
International Utilities common
*
investors Royalty—-
88%
J*
9 % Mar
14
Jun
13%
1
Jeflers'on Lake: Sulphur Co_
;
V"
Preference
Julian
to
For footnotes
Co
July
1%
400
Mar
300
9% Mar
12%
1%
1,600
1%
Feb
16%
Jan
4%
Jan
2% May
20% May
7% Apr
—
*
■
5%
5%
200
%
%
400
% Mar
see
page
11
5%
•
5%
"7%
51/4
7%
900
100
5%-Aug
4% Feb
4%
Feb
*
i
'.
1
:
:***.—.*
Kokenee
l '
4% Feb
•
'20% Apr
35.
-rjr;
8%
1,700
6%
17% May
11%
7%
..
Jan
,
Feb
9%
Feb
Jun
10% May;
Jan
Mar
28
19% 'Aug
Feb
25
Jun
28
May
6
Feb
7
May
9
Apr
10
Jan
x25
20%
21
23
23%
50
300
9%
9%
18%
200
%
A
A
4,200
17
17%
800
■15% Mar
18%
19,
800
15 V« MaY
ft
?
Apr
;
1%
Jan
25
Mfty
21% July
*'
12% July
11%
11%
11%
700
11% Aug
"«%
~8%
"8%
200
25,
July
7% Mar
26
26
50
22%
Apr
26
Feb
24% Jun
25
25
50
20
Feb
26 Va
-10
-1
X22 '
23
5,000
18
Feb
23
9%
"9%
%
9%
30
Jan
11
May
U
8,500
ft
Aug
J
Jan
10
1
Jan
60
% Mar
July
1
20
Jan
21%
14%
Mar
Apr
55% Jan
6,100
51
20%
49
"44
15
Feb
23%
Apr
75
56%
50
475
110
56
15
'f1
t24% May
7% Mar
400
50
15
.
<
Jun
112
Jan
18% Jun
14% Aug
500
5%
14%
__
12
•
34
I
Marine
5%
"l5/a
"1%
23,900
1% Mar
2
Jan
35%
38%
1,100
227/a Mar
42
July
37%
38%
275
37% Mar
44%
10%
11
800
.
—
Menasco
29
B
::
1
Co—
&
Mfg Co.
& Scott
A
100
Co—
1
Metal Textile Corp common
Co
7
5%
100
5
1,100
lOd
4%
3%
3%
43
6%
6%
May
Apr
30% Aug
July
12% Mar
Feb
;
Jun
25%
Jan
3% Mar
Jan
5%
200
v
"l%
t c__l
30%
1
c
10%
Feb
July
7% "Jun;
6% Mdy
50
Jun
Feb
Feb
Jan
2
8%
8%
~8%
7%
200
8%
3,200
19
I
]
I
8%
9% Jan
7%
10,400
5%
Feb
10%
14,700
7%
Feb
10% May
10% July
13% Jan
■
5
10
Midland Oil
Corp $1 conv pfd
Midland Steel Products—
*
$2 non-cum dividend shares
Midvale Co common
•
24
24
24%
150
23% Mar
*
21%
21%
22
100
19%
Mid-West
50c
Co
.
Midwest Piping & Supply
Miller
common
Wohl
Co
Power
A
Molybdenum
22
22
22
~3%
1%
2
Mar
7%
200
7
Jan
~7%
_
3,000
800
30%
50
"7%
5
.
Jun
9% May
35
May
8% May
Jan
5
25% x2G
Mar
104
Jan
23% Mar
450
Mar
96
*
27
Jan
—*
25%
1
1
Corp..
Apr
22% July
Feb
~3%
7%
28
18
400
Light 5% pfd—100
7%
7%
7%
400
6% Mar
4%
4%
4%
5,000
2% .Feb
8% Mar
5Va Jun
Monongahela Power Co—
4.40 %
cum
4.80%
cum
pfd__i
pfd series B
Monroe Loan Society
Utilities—
Dakota
Montana
class A
com
Plan
Mountain
Corp
of America
Producers
Tel
10%
10%
163
163
100
Mills
Jun
2%
Feb
3% May
10%.
600
10%
Apr
13% May
178% Jun
164%
163
90
Aug
34% Mar
25
3%
2,000
Feb
300
12%
26%
107% 108%
120
40%
Feb
16%
32%
97% Mar
31%
5
*
2.50
10
Ohio Mfg Co
Muskegon Piston Ring common
Murray
Jun
100
700
16%
108
96%
103%
93
25
2%
4
3%
*
Tel
&
94
38
38
10
...
Mountain States Power common
States
*
*
10c
2%
Jun
96% Aug
94
100
100
1
5
Montgomery Ward & Co class A
partic pfd.
Moody Investors
Morris
Muskogee
Co
.
Jan
25
27
300
25
11%
300
Apr
33% Aug
115
10% Aug
July
27
July
10%
•
Aug
26%
Jun
4% May
17%
Aug
33% May
13% Jan
common
11 %
Namm's
National
Hess
National Breweries
preferred
Fuel
common..—
1
•
31%
*
common..
*
—1
National Mfg A Stores common
1
National Pressure Cdoker common.—2
6%
National Steel Car Ltd
National
Transit
10,300
14% May
4
10
Machinery
common
3%
36
36
11%
11%
11%
14%
14%
14%
13
13
12%
12%
12%
7%
7%
8%
8%
8%
4%
4%
8%
250
—
1
2% Mar
29 % Mar
Jun
50
33%
11%
Feb
Feb
37%
3,900
1,000
12%
Feb
16% July
100
12%
Apr
16
1,300
1,300
8% Aug
12%
17%
12% Aug
100
7% Mar
15
*
—•
18% Jan
6% May
4% July
35% Jan
13% Mar
4% Mar
4%
*_***..—.——25
Gas—(
National Rubber
300
4%
32%
1
common
Bellas
14%
14
10
Corp
Inc
National Radiator Co.
Jun
Jan
N
Nachman
j
25% Apr
5
May
24
Apr
Feb
3% Aug
;
Feb
1,200
13%
50c
common
4%
37/a
4
10
•
1
Refineries
Mid-West
I'
-"j
Abrasive
Oil
Midwest
8% Aug
9% Jun
98% Jan
,|
Apr
7%
Corp—
Jun
Apr
;
'
Middle West
2% May
1%
i
Apr
31% Aug
Feb
9%
7%
1
10
Feb
6% Mar
1,100
31%
8
30%
1% Mar
1,600
;
;eVs Jun
10% May
2% May
9% Jan
Feb
'
"l%
Jun
111
Feb
7% Mar
*
10
1
preferred
Stone Corp
t
7
"4%
~
1
Mlcromatic
v
1
1,100
2.50
common
Middle States Petroleum class A
Class B
17%
15
Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar
2
800
25c
Participating preferred
6%
1%
2
7
preferred—
Iron
18%
9%
8
Feb
Corp—
Warrants
6% %
Mesabi
18%
18%
1
Merritt Chapman
■
■
13% Mar
6%
Dredging
Johnson
Apr
May
20% July
6% May
13
38
—
& Co class
Feb
1,300
.
4% Aug
—
Mead
8%
n%
18%
~1%
Corp common
$2.50 preferred
(A G)
July
3y«
10%
common
McCord
McKee
38
'
Feb
xl7%
11%
--
Mfg Co common.....
convertible preferred
McWilliams
'
2%
1,8'00
16%-Jun
27
Jun
.
May
'
_•
17%, May
•
Feb ?■
.Apr '
21
Co
McAleer
McClanahan Oil Co
.
..
Aug
9
Feb
14% July
400
14%
—
National Mallinson Fabrics.
Jim Brown Stores common
8
23%
Massey cHarris common.........
7%
Jeannette Glass Co common.
1,000
-*■
Marion Power Shovel—*
National
:
8%
Jan
11%
—
>8
7%
•8% July
Jun
17
12
1%
l
...
400
11V2
1%
-voting trust -ctfs-i..*
Irving Air Chute
Italian Superpower Corp com- el A
9,300
12%
24
Jan
Apr
9% Mar
12%
5
^
11%
__
12%
1%
1
Iron Fireman Mfg
Mar
51
■
—10
500
...
Communication Co Ltd
Mt Vernon-Woodberry
50
shares
International Products
-9%
8
Co
International
Mountain
Preferred $3.50 series
International Metal Industries A
17% Ja*
M
Macklntosh-HemphlU Co
Monogram Pictures common
—£1
Imperial Oil (Canada) coupon
Registered iiWit
i»i
a-.-*.
Registered
--
300
53%
Industries—
dep rets registered-J
International
53%
53%
Jun,
13
13% Aug
Is
Chain—.
Missouri Public Service common
conv
100
Inc 6% preferred—25
Groceterias
Steel
Minnesota
5%
13%
—
5
common
4%% convertible preferred
Mining Corp of Canada——
Illinois Power Co
9% May
22
Lionel
Lit Brothers common
Ex-distribution
&
common
12
Feb
7%
7%
100
Refining
Hurd Lock to, Mfg Co
Hussman Refrigerator $2.25 pfd.
Common
Jun
91
48
*
J
:
(Harvey)
Humoje
•
V4
9%
70
91
"5%
*
common
Baking Co
& Hardart
Huyler's
800
•
Horn & Hardart
Horn
11% May
68
*
Co
Inc
Jan
Mar
10
1
Holophane
16%
8
10
Holly Stores Inc
Hormel
13% Aug
400
■
__l
Hollinger Consolidated G M
Horder's
700
9% Aug
11%
100
common
Jan
4% July
2% May
7% May
Feb
5% Aug
6% Feb
100
8s Co class A_
86%
2% Mar
9%
2
w
w.
w
w
Apr
9% May
f 8% May
47 % Aug
1%
1,400
14
Mar
50
•
•
5%% preferred
Hoe
9%
9%
9%
10
-
A
Heller Co common
'K%
13%
5
25c
__
Rubinstein
Class
9%
9%
Feb
'30
L350
51 %
25
Harvard
Hazeltlne Corp
46
Feb
:5%
46
7%
w-
10
common—-
iL
__
•
Brewing Co,
l
Hat Corp of America B non-vot com—l
Hathaway Bakeries Inc
1
Feb
Mapes Consolidated Mfg Co
5
Paper—
Jun
Apr
6%
9%
8
Manlschewltz (The B)
Bridge Co Ltd
Apr
20 %
200
79%
Jan
H
Hamilton
16
24%
UY;- 75
>
Jan
Apr
•
*.*
Mar
8%
~~%
Material Co
Mangel 'Stores common
Lamp Co—
14
13%
17%
Inc
(RQ)
Maine Public Service
Hall
Jun
,1ft >Jan
1A July
11% Aug
13
Mar
Mar
common__25c
$4.40
20%
Mar
14
r
•100
13
4% May
22%
8%
—*.1
25
Jan
% May
87% May
Atlantic 8s Pacific Tea—
Non-voting
Guit
~9%
900
Jun
Jan
Jan
v
6 % Mar
1
Gray
63 %
14
pfd__25
conv
Grand
50%
July
'
..1
900
1ft
22
8
8
Leonard Oil Development
18%
84
16%
13
1
1,300
8,600
—*
1,000
1ft
1
Realty common.—;
25%
•
$4.50 prior preferred
Qoldfield Consolidated Mines.*
3% Aug
3%
21
31%
•
—
..
Jun
12% Mar
16%
16%
.8
*
Machine
University
30%
~
Jun
19
200
3%
B—t—
Class
Lanston Monotype
La Salle Extension
24
5
-1
*
47 %
17
Jan
35
May
1
(
Jan
23%
Llpton (Thos J)
Gobel
60
Jan
16%
1
1——
25
31%
Apr
Feb
45%
37%
.8
Company
Mines Ltd
Lagendorf United Bakeries d A
Feb
••8
'
—•
—
Glenmdre Distilleries Class B
Globe-Union
110%
v.;
Apr
125
Corp...*..
?
106% Atig
99%
45%
20
'
Laclede-Chrlsty
Lake Shore
Lamson
■11
——
12% May
40
1
!
29
•
—
Jan
58%
-1
Jan
117
Jun
Jan
9% Jan
7% Jun
9
Mar
45%
•
——10
—1
Stores.*—
17
Jun
Mar
-Apr
5% Jun
99% Aug
2% Mar
16
25
100
58
45
Jun
17 % May
Jun
x9
:
Mir;
1105%
7%
11%
1
Krueger Brewing do
•
__
7%
11%
1
Ltd—
125%
100
Feb
84% Mar
—j
Co—w——
v
La key
—•
Gladdirtg McBean & Co.-
5%
-Feb
2%
110
———J
—
Feb
47/a Aug
Giaht "Yellowkhlfe Gold. Mines...—.111'
Gilbert (A C) common
_J.
i
(-•
Preferred
Jan
95
600
Kobacker
Apr
39
July
105% Apr
'
4%
Jan
8
Feb
2%
10
' 100
4%
'
*
9% May
<27,
Georgia Power i8 prelerred^-i
,
Petroleum
(DEmil) Co common
■Kleinert (IB) Rubber Co
Knott Corp common
100
15
15
1
Kirkland Lake G M Co
9
Jan
98
~3%
1
Shareholdings Corp com—1
$6 convertible .preferred—
—*
'
600
pid.—-100
Corp
General
*
6%
37
37
General Plywood Corp common—___50c
General Public Service $6 preferred
•
'•ll
7% Apr
6% Mar
7%
:;,vo
£1
11
—10
General Fireprooflng .commonGeneral
D
15% Jan
8% Feb
10,000
11% Mar
100
pfd B—100
100
-1
Klein
Amer dep rets ord reg
General Finance Corp common•5% preferred series A—i-i
High
123% Mar
(8
—•
—•
»
King Seeley Corp
Kingston Products
Klrby
General Electric Co Ltd—
General
preferred
10%
•
•Kennedy's Inc
Key Co common.
Kldde (Walter) A Co
"Kimberly-Clark Corp—
■4% % preferred
Kings County Lighting 7%
15% Jun
17% July
•
Gatlneau Power Co common
6%
12%
2
Low
100
»
—
Corp common
9%
lO'A
K alser-Fraze r
:
Kawneer
Garrett
Range Since January 1
am
K
'
-0
Low
Jan
Salec
for Week
Sharee
Rango
efFr icee
Bale Friee
8% July
Mar
25
York Curb Exchange
New
.
High
19
"7% Mar
1
Franklin Simon & Co Inc common
-•
LOW
127/a
9%
12%
■*Wday"0--^Week'e';.
STOCKS—
Shares
33
EXCHANGE
CURB
Sales
of Prices
8»le Trice
.
FOR WEEKFNDfcDAtGUST 20
for Week
.-Range
;
York Curb Exchange
New
^
(769)
500
3%
Mar
Feb
;
Jan
May
Feb
-10% May
-11% Feb
22'/8
Jun
May
I
i.
THE
CHRONICLE
COMMERCIAL & FINANCIAL
EXCHANGE
CURB
YORK
NEW
RANGE FOR WEEK ENDED AUGUST
Week's
Friday
Last
STOCKS—
New
v
gale Price
Exchange
Curb
York
Par
National Union Radio
Nelson
Corp
5
5
New England Tel & Tel
New Haven Clock & Watch
4(4%
-
10
6(4
—
100
90 (4
92
1
Co
12
—
3%
—
8(4
preferred.———20
-25
convertible
2%
—
«'
*
Nestle Le Mur Co class A
v.
2%
30c
common
(Herman)
Neptune Meter
Low
65(4
—1
7%
New Jersey Zinc
New Mexico & Arizona Land—
65
7
for Week
Shares
Friday
High
1,300
2% Mar
12
16
300
100
87/a Jan
13% Feb
6(4
92
200
* 3% Jun
*3(4 Apr
16 (4 July
Feb
7
Jun
<82(4 Mar
300 ./
3(4 Apr
50 ^ - 8% Aug
2,400
59'/a Jan
96
0
May
4%
70
4
8(4
66%
7(4
400
1%
1,800'
Feb
6
Mining Co.!
New Process Co
—~i-«*V
;
*
common
N
Y Auction Co common
N
Y
&
N
Y
Merchandise.
N
y
1%
—
—
—
•
1 Mi Feb
75
—
Feb
Jan
12% July
72/s July
10% May
2% Jun
88
Shoe
Rels
(Robert)
—*
1
2d
i
1QQ
Class fi optional warrants-!
Niagara Share Corp class B
Niles-Bement-Pond
Nlpissing
8(4
-100
preferred
.
—
North
tV
(4
10(4
1,800
10(4
10%
10
10%
1,300
173/4
173/4
North
American
North
Central
Northeast
North
A—
Stix
15
May
Feb
12
Feb
% Mar
19
May
10(4 Jun
105
Jun
117
Jan
1
May
11 % July
12% May
20
Jun
1% May
Corp)
(Tekas
Ltd—
Inc
1% Jan
....«
pfd F_.
common
,
Inc
Corp common
Oil Co Ltd
Royalite
Russeks Fifth Ave
Jan
10
common
Ryan
3%
Ryan
7(4 Mar
Aeronautical Co
Consolidated Petroleum—
Ryerson & Haynes common
40 (4
7%
41
41%
1,400
41
2
17(4
2(4
1,400
2
Aug
7% May
48/4 Jun
48
Jun
4
May
18
200
15
Mar
21% May
Savoy
2%
3
1,300
2% Aug
96
20
90
Jan
3% Mar
96
Aug
50
Feb
Jan
f%¥ar
Sayre 8s Fisher Brick Co
Schulte (D A) Inc common
7(4
7(4
50
„
—
95
—
100
700
,
67/a Feb
33(4 Mar
33
Mar
100% 100%
387/8
—
40
1
11(4
•
20
'
40%
1,200
97
34(4
10%
11%
2,200
7
19%
20
200
16
Feb
Feb
Apr
103
Jan
43(4 July
13(4 May
22(4 Jan
Samson United
Oil
class B common
48
Ohio Power 4(4% preferred
Oklahoma Natural Gas
109(4
Co
Steel
Jan
common
Securities Corp General
Bros Inc.
Seeman
Segal Lock & Hardware
Co
Shoe
Inc common
Industries
stock
prior stock
$5.50
J.un
39% Jun
Corp common(Del)
Inc
Manufacturing
Scullin
1% May
common
Ltd com
St Lawrence Corp
Class A $2 conv pref
Salt Dome Oil Co.;——;
Convertible
Co
Apr
Feb
(The)
Selby
Brass
1%
18(4
Corp common
Field
Roosevelt
Selected
Ohio
200
200
Rotary Electric Steel Co
Scovill
Corp
1%
22(4
dep rets for ord reg
Cable
Rome
3% Mar
3 (4 Mar
Pendleton
&
Amer
High
Low
100
Allotment
Semler
(R
certificates
Inc
B)
Corp
Radio
Sentinel
common—
Safety Control
Serrick Corp class B
Sentry
Old
Poindexter
Distillery—
Oliver United Filters
Omar
class B—_—
Seton Leather
common
Inc
O'okiep Copper Co Ltd Amer
Overseas
shares.
Shattuck Denn Mining
Securities
Shawinigan Water & Power
Sheller Mfg Co
Sherwin-Williams
common
4% preferred
Sherwin-Williams of Canada
Pacific Can Co common
Pacific Gas & Elec 6% 1st
pfd
5(4 % 1st preferred———
Pacific Lighting $5
8%
preferred
Power & Light 5%
pfd
Pacific Public Service com
$1.30 1st preferred———
Pancoastal
Oil
common
(CA)
v
t c
32(4
29
Mar
Apr
32% July
101
Feb
106% Jun
101% 103
91
Jan,
Breweries
Sick's
Silex Co common
Publications—
Simmons-Boardman
July
preferred
$3 convertible
Simplicity Pattern common
Mar
23
23'4
—
97
of America class A
Ltd
Shoe Corp
15% May
25% July
Singer
Feb
33% Jun
12(4 Mar
d
w
10% May
36
6%
34(4
30%
Pacific
Page-Hersey Tubes
Feb
Jun
8 V4
33%
30(4
27/a AugT,
Singer Manufacturing Co
Amer dep rets ord regis
Sioux
Feb
22% July
13
Aug
14(4 Aug
11
Mar
23
Ltd—
14(4 Aug
Parker Pen
232(4 235
Manufacturing Co—.
r3% Aug
Pantepec Oil of Venezuela Amer sh
Pantapec Oil (CA) Amer shs w d—
Paramount Motors Corp—*
10
Co
Parkersburg Rig & Reel
Patchogue Plymouth Mills
Patican Co Ltd
w
Feb.
Penn Power &
Light 4(4%
Feb
Feb
113
Jun
Solar
4
Aug
Soontonc
49
26(4 May
Feb
4
2
101(4 102 %
101
Apr
.
Aug
39
Pep Boys (The)
Pepperell Mfg Co
4
,Apr
48
Feb
47/a
Feb
Mar'
Perfect Circle Corp
Pharis Tire & Rubber common
Philadelphia Co common
8%
Jan
Phillips Packing Co
6%
Feb
Governor common
Johnson Ltd Amer
9% Mar
3% Mar
Power
6%
&
Lambert
Prentice-Hall
Pressed
Metals
Jan
6% Jan
July
70
original preferred
cum preferred
4.56% conv preference
5%
4.48%
cum
11% Jun
9% Jan
Spencer Shoe Corp
Jun
Southland
Standard Cap & Seal common
Mar
Mar
Standard
Jan
$1.60
Feb
Standard
July
July
Convertible
4(4%
common—
Standard Power & Light com
Common class B
preferred
Stein
Sterling Brewers Inc
^Sterling Engine Co
—
Inc
.——
Co common
(J B)
Stinnes
(Hugo)
Corp
—
Stop & Shop Inc
—
Stroock (S) & Co common—
Light—
Sunbeam
com—
Sun Ray
Corp
Drug common
—
Superior Portland Cement, Inc—
Superior Tool & Die Co
Swan Finch Oil Corp
Manufacturing
Oats
& Co common
Aluminum Products
(A)
Sterling
Sterling
prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Quaker
Corp
Corp
(The)
Steel Co of Canada
$5
Pyrene
Products Co
Starrett
preferred.—
&
common.
Corp
Standard Tube class B
Colorado—■
cumulative
preferred
Dredging Corp
convertible preferred
Forgings
Standard Oil (Ky)
$7
America
Puget Sound Power
Royalty Co
Btahl-Meyer Inc
Standard Brewing Co
Stetson
of
preferred
Southern Pipe Line
Standard
Prosperity Co class B
Providence Gas
Service
preference
conv
4.32%
11% May
6
Jan
Standard-Thomson
common
Producers Corp of Nevada
Public
common
Pipe Line
California Edison—
Pa
4.88%
:
73
common.:
of
64(4
21
Co
Inc
Southern
Jun
6% May
41
1st preferred
Pratt
Southwest
13(4
—
Corp of Canada
South Penn Oil
4
common
Alexander
Corp.,
South Coast Corp common
"212
Pleasant Valley Wine Co
&
Jan
4% Jun
108(4
29(4
Pitney-Bowes Inc
Pittsburgh Bess & Lake Erie RR—
Pittsburgh & Lake Erie
Pittsburgh Metallurgical common-
Mining Co
Manufacturing Co
Manufacturing common
7% July
6(4
shares
Pioneer Gold Mines Ltd
Piper Aircraft Corp common
Powdrell
Jun
42(4 Mar
23% Jan
5% Mar
pfd
Pinchin
Solar Aircraft Co
Boss
Co
Penn Water & Power Co
Polaris
preferred
(Howard) Paper Mills
3% Aug
Penn Traffic
Scale
24% May
Smith
17%
Penn Gas & Elec class A
common.
Pneumatic
May
80
d
Peninsular Telephone common
$1 cumulative preferred
Pennroad Corp common
Penn-Dixle Cement warrants
Pierce
31
City Gas & Elec Co—
3.90%
common.
6%
preferred—;
Quebte Power Co_
.
Taggart
Corp
10% Feb
common
—
Tampa Electric Co common
Technicolor Inc common
Texas
Radio-Keith-Orpheum option warrants.
Railw.-»y & Light Securities—
Votiig common
Railway & Utility Investment A
Rath Packing Co common.
Raymond Concrete Pile common
$3
convertible
preferred
Raytheon Manufacturing
Reed Roller Bit Col-J-—
For
footnotes
s'ee
page
pfd
Thor Corporation common.—...
1
10
•
5
Tilo
Roofing lnc—————.
Realty & Construction.
Tishman
Tivoli Brewing Co__
——
Tobacco
& Allied Stocks
Tobacco Security Trust Co Ltd—
Amer dep rets ord regis.—.....
Amer
35.
Light 7%
Co new common
23(4 May
11%
Jan
118% July
xl7% Aug
16
Feb
10
•
common
Power &
Thew Shovel
5%
Jan
3(4
26(4
32
47/8
Jun
May
May
Jan
Gas Co—
v t C-;
41%
Northern Indiana Pub Serv 5%
pfd.100
Northern States Power class A
25
Ogden
4
24% Mar
Rochester Gas & Elec 4 %
Rolls Royce
Range Since January 1
High
Goods
Dry
Rio Grande Valley
41
1
Northrop Aircraft Inc
Novadel-Agene Corp
4
21
Engineering-
*
3
Oil
Co-
RR
400
Feb
Feb
92
Feb
*92(4 Apr
(4 Jun
8(4 Jan
9(4 Mar
7
—
Utility Securities.—_•
Airlines
Penn
10% Jan
32
Shares
1%
Co
&
*
class
,
Texas
14(4
100
3
Rayon
25
250
10%
5
Mines
American
12(4 Aug
500
8,100
*
Corp class B
Class B common
19
77/s
8(4
101(4 101(4
100(4 102 %
5
com
North Amer Light & Power common—1
■
Feb
(4
-
—
Hundred
Mar
27
100
17%
187/a
1
common
1st preferred--
5%
9
50
13(4
for Week
Richmond Radiator-
Rowe
Founders shares
5%
20o
30(4
13(4
13(4
10
30%
—
10
Niagara Hudson Power
Nineteen
10
10
10
Rosario
&
Electric
Reliance
Rice
?
Co
Sales
Range
of Prices
Sale Price,
Exchange
Low
Regal
July
Shipbuilding Corp—
Honduras
Curb
High
Low
2%
York
Week's
Last
STOCKS—
New
Range Since January 1
Roeser
New Park
20
Sales
Range
of Prices
Monday, August 23, 1948
dep rets def regis—
12% Aug
11% Mar
5%
Feb
49(4 Mar
2% May
Number 4727
Volume 168
COMMERCIAL
THE
YORK
NEW
&
FINANCIAL
CURB
CHRONICLE
>
(771)
-
EXCHANGE
RANGE FOR WEEK ENDED AUGUST 20
Week's
Friday
STOCKS—
York
New
Last
Exchange
Curb
of Prices
Par
Todd
Shipyard Corp
Toklan
Toledo Edison 4'/*% pfd
Tonopah Mining of Nevada
Trans
Lux
York
300
61
Aug
66
July
3%
500
'3'A July
5
Jun
Elmira
Water
95%
95%
95%
25
92
Jan
99%
Jun
Ercole
Marelli
1%
l'/a
COO
1
Mar
1 %
4%
3%
4%
"5 %
1
•
100
3%
3'A
28
5,600
28
5%
31
July
Gas
Lt
5s
RR
Elec
Mfg
A6%s
1947 coupon
Nov 1
ex
Unexcelled
Chemical
Union Gas
of
5s
5% Aug
9
Jan
Jan
Green
1%
Union Investment Co
1%
Jun
3%
500
1% July
3% Aug
2%
3%
6%
6%
400
5% Mar
8%
Jan
6%
6%
100
6
6% July
———A
600
:
Apr
series
A6%s
Power
4s
1950
J-J
•
92%
United Aircraft Products
United
Chemicals
United
Corp
United
Elastic
50e
com
A6%s
A 7s
J-D
$103
United
Milk
Products
—
--
100
1%
l'/e
55
•'-Preferred
25
39%
...
Conditioning Corp
and
$5
1st
preferred
Universal
Jan
5% May
July
2%
2%
4%
1958
102%
1970
M-N
106'A
1955
J-D
1941 coup)
(Aug
1941
coupon)
1941
coupon)
A
Debenture
Isarco
ctfs
escrow
A7s
Nov
ex
1940 coupon
1947 coupon
1
1
1952
1952
1966
J-D
Kansas Power & Light 3%s
1969
J-J
107% 107%
1956
F-A
101% 102
1963
A-O
McCord Corp deb 4%S—
Midland Valley RR—
Extended at 4%
to
:
Ward
Aircraft
100% 101
J-J
$91
1% Feb
Westchester
Power
1st
1st mtge
Jun
50
Park
3s
Lexington 1st mtge
1964
Pennsylvania Water & Power 3%s_1964
May
3s
3'As
Hydro-Electric
A6%s with Oct
1
A6%s
1947
Oct
ex
1
40% Aug
19% Mar
2%
2%
2%
2,000
•
21%
21%
21%
1,100
45
July
22
May
29
Jan
2%
3%
Feb
19% Mar
6%
500
1
"7%
"7%
~7%
2,100
20c
4%
414
4%
1,600
10
Jan
98
Jan
5% Feb
2% Mar
10%
5'%
Jun
12% July
•
15 %
May
50-year
1940
$6
6%
8
Feb
106
July
100
10
400
1%
"3%
"3%
Jun
1%
110%
2%
l'/e Apr
8% Mar
J
debs
Feb
6'A
5%
400
2% Mar
Apr
7'A July
1%
300
1%
California
400
_
_
152
10
Inc
Whitman
(Win)
112
Jan
May
115% Apr
140
Feb
161
Willson
Wilson
5%
.
(R
C)
Products
Brothers
preferred
Winnipeg Elec
w
Southwestern
Gas
G)
(A
1952
2f-8
$113
A-0
1965
M-S
AStarrett
Industries
Wool worth
:;
-
(F W)
10% Aug
16%
22%
200
17% Mar
24%
—
11
1
17%
5s
$102% 104
103'/a
105%
$103
101%
105'A
J-J
1970
3'As
* F-A
98
:
98
1950
1966
102
9'A
300
6%
9
100
9
July
25
10
Feb
96'/a
117% 120
3
114 %
A-O
$66
—
"2%
•
0'
Curb
Interest
Exchahgk
Period
3 V*S-
1970
Feb
stamped
Industries—
1946
J-J
$22%
28
22
30%
1946
A-0
$22
25
19
30
United Electric Co
United
25%
101
16%
300
23
600
17
Feb
with Dec
ex
Dec
1940
1
1947
1
Waldorf-Astoria
J-D
Af-N
95
Jan
1956
coupon
25%
1950
coupon
debs
income
38
103%
18
25%
1960
—
6s_____
J-D
..^—1998
2%s
14
1954
m-s
84%
84%
J-D
.1964
5s___
84%
1
72
107
..I960
J-D
$118%
—1959
F-A
108%
117
$100% 103
5s_l
108
102'A
"5
107
86
106
$106'A 107%
A-0
2030
f debentures
s
—
iao
'
»
08%
103%
Jan
18%
16%
2,600
13
Feb
19 V*
Jan
67
200
6% Aug
9'A
Jan
Jan
19
Foreign Governments & Municipalities
May
6%
~2'/e
~2%
1,700
"a
Mar
"2%
Week's Range
Friday
BONDS
New
York
Curb
Interest
Last
Period
Exchange
May
Week's Rand
or Friday'*
Bid A Asked
Last
Bale Price
Cons
Bale Price
Range Since
January 1
No.
Low
13
102%
100
100%
102% 104
21
105% 105%
109%
Q'F
.1970
J-D
2
8
98%
Low
High
61%
65%
61%
j-d
1948
j-j
A5%w (26%
1954
m-s
Jan 1966
M-S
redeemed)
5s
*:"Debfehturer 53:
1958
-
A-O
1969
62%
96
Lt St Pwr
(Bait)
j-j
84
107%
109%
111
159
98%
168
98%
102%
91
81
97
8
103
105%
107'A
3
84%
1969
j-d
1976
J-j
98
98
45
82%
104
97
97
97%
.1962
m-n
.1954
A-O
$103 y* 104
104
78
2
$3
103% 104
38
101
97
100'/*
115
103%
109
112
.
115
to
2'As.
75
5%
—
-
31
39%:
2
68
84%
66
-
78
....
6%#
$12%
—
14
2008
(issue of
Oct.
stamped
is
Rio
$24
3
—
27
J-D
$31
33
1947
M-N
$41%
1947
A-0
1931
J-D
1972
J-D
—
.
1927)
5%
12
15
2008
24
30
$24
ARussian
A5%8
stamped
reduced
•No par value,
a
transaction
n
13%
14
25
27
13%
15%
18
14
38
24
(Plan A)
2%
6'As
2012
j-d
1919
m-s
1921
to
Government
.
81
"
—;
Odd-lot
principal.
22
64 %
27
44%
22
70
44
42
$62
39%
42%
$25
J-J
Janeiro
32
$41%
—
J-J
(Republic of)—
de
T-
j-j
$22
"2%
23
2%
2%
$2%
:
"5
2%
2%
3%
2%
3%
Deferred delivery transaction (not included in year's range),
d Ex-interest,
(not included in year's range),
f Ex-distribution,
g Ex-stock div.
h Extransaction (not included in year's range),
r Transaction for cash
Under-the-rule
(not included in year's range),
xEx-dividend,
$Friday's bid and asked prices;
being traded flat.
no
sales
yEx-rights.
being
;
transferred
during
current week.
A Bonds
Delaware Lack & Western RR—
^-Lackawanna of N J Division—
ser
A
IReported in receivership.
.1993
May
Abbreviations
1
m-n
.1993
63
—
63%
$42
44'A
^
'v
8
(Plan A)
to 2'As (ser A BOD E)....—1997
Interest
e
M-N
1951
Interest reduced to 2%s
Peru
106%
97%
reduced
AMortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s_
""
$112
--
f-A
City (Peru) 6%s stamped.1958
stamped (Plan A)
Interest
88'/*
—
—
1953
AMedellin 7s stamped
Mortgage Bank of Bogota—
A7s (Issue of May 1927)
99%
106
102
98
a-o
73
$68
m-n
u-a
105'A
4
1981
City)
4
24
83
73
8
32
Maranhao
—
ref mtge 3s ser P__.
'•-1st ref mtge 2%s ser Q__
1st
(Bait
5s.__
—1953
j-j
103%
99%
103% 106%
106% 106%
103%
31
High
108
93
94%
105'A 105'A
103% 103 %
m-q
1977
90
94
31
'
Parana
Electric Corp—.
A5$ (20% redeemed)^—
January 1
$61
~
j-j
Danzig Port & Waterways—
AExtemal 6'As- stamped....—1952
A 7s
109% 110%
$155
98%
Range Since
-
No.
High
t
High
103% 104%
102%
Sold
$61
A-O
ALIma
Sold
Bonds
Friday's
or
Bid St Asked
Municipal Loan—
5%s
External
Bends
d;ild(Wtral lState3
1st mtge 4s
27%
$12
Newspaper Union—
6s conv
102% July
14
Telephone of Canada—
Gas
19
.101%
101% 101%
Hotel—
Washington Water Power 3'As
24% July
10
101
/-J
Consolidated
25%
$12
1949
4s
Electric Service Co—
A7s
A 5s
of N J
Jan
500
J- J
Assoc Tel & Tel deb 5%s A.——1955
Consol Gas El
120
,'75
May
11%
5%
J-D
Atlantic City1 Electric 3 %s——1964
.•
63
104
7% May
11
Low
Appalachian Elec Power
^Aksociatid; ElebtHC
'
Cities Service
70
-
105 'A
12% Mar
3% Feb
11
Friday
BOND
Steel
101
^rtt)0%
.8
stamped
2nd
External
O'S
S
i
104
102
Hydro-Electric Co—
A6%s with Aug 1 1940 coupon„1953
A6%s ex Aug 1 1947 coupon
1953
Danish
5s series
98
A-O
—
Boston Edison
98
Corp—
...
'Bethlehem
104'A
$104% 104%
M-N
Agricultural Mortgage Bank (Col) —
A 20-year 7s
April 1946
A20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1946
Bell
105'A
J-J
Low
York
101'/a
101'A
34
Terni
£i
Wright Hargreaves Ltd
■
114
97'/a
Ltd—
Arnerican deposit receipts
8 % preference—
New
101
113'A
Jun
9
2
..
33
20
10% Mar
__
115
Jan
22%
100
Inc
Woodley Petroleum
300
103%
100
A-0
1989
Traction
10%
$99%
(Hugo)
A7-4s
Jan
10%
160
—
trust
(Hugo)
3rd
98
1970
Corp inc 5s
collateral
Penn
Jan
18%
—
16%
•
pfd
34
157'/a
7
101% 102%
3s
(Calif)
Elec
&
Western
25%
14% May
5
.
$100% 100%
5s_
West
Jun
50
99%
"
Spalding
Mar
25
16
5%
25
w
common
Wisconsin Pwr St Lt 4'A%
Woodall
11
1
99%
M-N
mtge 3s
Electric
9
1
157% 157%
3s_1981
3'As
Gas
Penn
38
•
Inc
19
1971
Counties
1st
Gas
West
16
""9%
5
common—•
May
22%
__
10
Co.
&
—
J-J
A-O
1951
Edison
29'A July
40 'A July
38
——
—
1
Wichita River Oil Corp
Wickes (The) Corp
Williams
«...
1
& Co
10
25% Mar
10
Weyenberg Shoe Mfg
Feb
6% Mar
Western
Westmoreland
25%
1973
Southern
2% May
8
152
25%
1998
mtge 3s
California
Jan
2% Mar
■
152
105%
106
103
$12
1952
Southern
Jan
13
500
•
92%
103%
$104% 105%
coupon—1960
1960
Joaquin Lt & Pow 6s B
A7-4s
5'A
preferred
82%
104% 105%
104%
J-J
coupon
Safe Harbor Water Power Corp
3% May
11% July
Feb
30
Utilities
103'A
92%
Co—
5%s series A
A 7s
Texas
106
Queens Borough Gas & Electric—
Stlnnes
1%
Western Maryland Ry 7% 1st pfd—100
Tablet & Stationery com
*
Westmoreland Coal
20
105%
Jan
22% May
6% July
71
July
5
West
"
J-D
1970
Piedmont
Jan
23% Mar
7%
.
67
A-0
3%
19% May
5% May
Feb
20
1.25
102 V
58
1971
2% Mar
11%
20
Manufacturing
101%
4
Public Service Elec & Gas Co—.
5
Wentworth
109%
2
65
107,
107'/a
10
—
2.
108
100
I
64
104%
104
41
Corp
25
104%
101%
41
Baking Co warrants
$103
104%
100
W
Warner
17
15'/a
103% 103%
com—10
3%
4
104% 105%
3
1
16%
A-0
3% May
:
16%
1968
10
Co
16
J-J
mtge 3%s
•
Watch
28%
$12
—1963
5s
Waltham
71%
20
29
Ohio
Jan
1%
$25'A
July
13
8'/* Feb
Apr
1%
55.%
104
l%
1
28
40
102%
2%
preferred..
68%
Altalian Superpower 6s
Kansas Electric Power 3%s
Stlnnes
cum
J-J
—.
3'As series A
$2
28
J-D
400
Waitt & Bond Inc
28%
17%
2004
1%
10
68%
16'/a
17%
1
Ltg 4s
"2%
Wagner Bakijig voting trust ctfs ext.*
7% preferred
100
66%
2
&
~2%
Co
26
Hydro-Electric Co—
A7s with Nov
Southern
Waco Aircraft
29
26
N Y
18 % May
Syndicate Inc
Vogt Manufacturing
26
$25
1953
28%
28%
Jan
86
Venezuela
26
J-J
1952
28%
17
17%
29
41%
Jan
Feb
Petroleum
1
$25
1957
F
Scullin Steel inc
Venezuelan
r28
F-A
38%
Feb
preferred
1-28'
r28
v
Interstate Power Co—
Ban
$4 convertible
17%
$104% 106
12%
6%
103 %
3
$105% 106%
300
1
8
26
60
Jf-8
70%
Valspar Corp common
'
26
26
1955
1957
(July
103% 103%
56
Sec—
C
1
103%
4
M-Jf
75
Sugar
103%
100%
58
1961
700
Utah Power St Light common
100'/a
101%
58
1967
17
common
101%
$101
England Power 3'As
83
Insurance
Universal Produots Co
$101
A-0
New
I
new
A-O
1949
Milwaukee Gas & Light 4%s
16%
50c
J-J
1949
Jan
82%
com
103%
Apr
16%
1
61
102
102%
10%
500
4
Jan
38
100%
—
6274
900
15 Vo
2
1
103%
7 J Aug
200
14%
250
l'/e July
440
10
Jan
82%
'
Universal Consolidated Oil
Utah-Idaho
39%
•
Reclaiming Co
United Stores Corp
39%
14%
warrants—
U 8 Radiator common
U 8 Rubber
25%
Jan
Jan
43
43
52% Jun
__
1,950
10c
Securities
with
30
July
245
300
55%
10
1
International
54
1
common
U S Foil Co class B__
8
l'/e
__
25
U
20% July
22% July
25
"
——
10
.
U 8 Air
—
——
25c
;
United Shoe Machinery common.'
Specialities
Feb
Feb
5% May
United NJ
___________
16
400
5,900
.
16
Preferred
United Molasses Co* Ltd—
Amer dep rets ord regis—
United
20
•
common
RR St Canal
United Profit Sharing, com
10 % preferred——
;
19%
19%
19%
31
Jan
E
series
A7s
36 % May
31
"
112
Jan
A
ser
(Dec
series
A 7s
74 May
Aug
17%
150
19%
7
;
Jun
70
ft Feb
17,000
32
31
10
Railways
i9e
i7<r
•
Jun
Jan
5% July
•3% Jan
1,300
38 % Mar
%
Corp—
&
4%
97%
62
91'/8 July
56% Aug
—
•
common
United Gas Corp common-
Light
—
4%
warrants--
United
100
92%
—
103%
24%
V
~
$102% 104
.—1963
B
series
A7s
$3.75 pfd series A——!
High
97%
110
$12
3%s
Western Ry
Mountain
International Power
Union Oil Co of California—
Union Stock Yards of Omaha——100
Low
20
30
M-S
Indianapolis Power & Lt 3%s
Apr
6'/*
$25
1961
Grand Trunk
12
3%
....—
99% 100%
1953
stamped
9% Mar
6%
Corp
Canada
High
No.
$110% 115
1940 coupon—1953
U
100
5
99%
m-s
Range Since
January 1,
•
Sold
Finland Residential Mtge Bank—
May
6s
Corp
Bonds
Friday's
or
Bid St Asked
Co—
1
Hygrade Food 6s
Realization
Bale Price
J-J
1956
Guantanamo & Western 6s
Ulen
Last
Period
...1965
3%s
&
A6%s with Nov
100
10
Fuel
&
700
5%
10
4% May
1% Feb
28
Eastern
May
6% Apr
4% Aug
25
Week's Range
Intereot
Exchange
low
61%
1
Curb
High
LOW
3%
I—*
Tung-Sol Lamp Works com
80c convertible preferred
New
Range Since January 1
High
59
warrants
Inc
Friday
BONDS
Shares
314
1
Corp
Tri-Continental
Trunz
Low
20
70o
100
common
Royalty Corp
Sales
for Week
Range
Sale Price
6
—
55%
65
29%
46'/*
v
"
,?$•»*
>.
used
above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates;
"wU" when issued;
with warrants; "xw," without warrants.
..
35
"
f
i
,i' }'\%
'*.,,•
' r
4
-'i 'i,j
_
; *
'•
VvV.v; -; /'•■•r"-V
•■
■
36
OTHER STOCK
Sales
Week's
/'
Transit Co
Baltimore
1st preferred
vtc
com
vtc
Brach & Sons
High
Low
16%
Jar
14%
201
3.00
14%
30
2
Mar
5
Jan
115
12
Apr
23
16
13%
T*n
fiurd
Ring,
Piston
Bros
Butler
109 >/2 109 %
112% July
108% Mar
10
47%
298
47 %.
44%
BONDS—
Transit
series
5s
47%
48
51
1975
1975
4s_
Co
A
$7,000
43
Jun
68
Jan
2,300
45
Jun
77
Jan
51%
;
^
10
Cent & 8 W Util common
Burrell Corp
Corp common
Convertible preferred
—_
Agricultural Chemical-..
American Sugar Refining—
American Tel & Tel
-100
•
American
Woolen
Anaconda
Copper
—
775
449
30%
51%
25
—^
41%
40%
-
Railway—
Elevated
Boston
Stamped
•
18%.
•
Traveler Corp
23%
19
24
4%
100
stamped
Common,
7*
class A
8%
cl B
--
17%
Trust
A Providence RR
Prop
Personal
Boston
Boston
III100
5%
7%. Jan
Great
54%
4%%
prior
Mass
Street Ry—
100
series A.„1
6% preferred series B..
5%
pfd adjustment
1st pfd
6%
100
Apr
common
New
New
Pennsvivenia
Rexall
4
Apr
Preferred
14% Aug
31%
6%, Feb
Feb
68% Aug
National Pressure
10
28%; Feb
39% July
National
51%
220
41% Mar
54
9%
350
865
36%
Jan
•
Bancorp
21%
Jun
Parker
54c
Apr
Peabody Coal Co common——
5*
orior preferred..
i.
10%
90%
11%
92
475
51c
100
,
-
July
Jan
May
125
Aug
18%
Az
Armour
Automatic
Avco
Cn
45% Aug
6% Aug
3%
11%
50
11% Aug
14 %
1%
1% Aug
2%
Jan
1%
7% Mar
Feb
5%
25
200
20c
Apr
65c
15%
530
13%
Feb,
15% Aug
15%
—
30c
14%
&
Seelig
16%
78
11% Mar
18 Va July
25
85
37
37%
Packing
85,
85
May
34% Mar-
275
May
41
May
Electric
Co
Roebuck & Co
Bears
Bendix
Signode
Steel Strap
Oil
For
footn*t*8
64 Vs
Mar
Jan
May
5
3% Mar
400
6
16Va May
9% Feb
650
50
23% Mar
Jun
201/2
8%
Jan
28% Aug
34%
Jun
9'/2 July
700
29'/2
Aug
14%
Jan
6
Jan
11% Jnlv
15 Va
100
15
Aug
19%
Jan
39%'
10
39
Apr
40
Jan
8% Feb
10%
Apr
Jan
74%
Jun-
Brand
Society
9%
42,
35%Mar
Jan
Standard Oil of Ind
Stone Container
Jun
62%
46%
198
38%
Feb
49%
Jun
Swift Infernat'l Co Ltd
13%
13% Aug
15%
Jan
Thor
27
28
25
33 Vs
Jun
Trane Co
10
Fep
Sales
Week'e
Corp
Sunbeam
High
Range Since January
Shares
of Prices
Lots
~
■
H
-
1
High
IfOW
53%
100
53% Aug
54
14%
14%
100
14 % JulV
15%
Jun
14
14%
300
7%
Feb
15%
Jun
100
3%
Feb
5
5
—
•
5
conv.
:
—v.-,
148
,
Mar*
12%
700
11% Mar
3%
100
3 % July,
.
63/4
6%
200
:
6 % May
—
32
158%
Jun
Swift
15
4%
Mav
Feb
7 % May
17% July
Corp
50
30
Aug
40
31% Aug
36
July
10% July
13% May
32
32,
100
11%
11%
250
Jun
400
12%
100
4%
4%
40,
4% July
May'
Aug
49%. Jan
48% Mar
64% May
12% Aug
40.
40
54 %
12%
300
34%21%
16l/a Mar
200
8%
8%
25
22 %
Feb
.
May.!
10
6% Jan
20% July
8%
8%
8%
800
22%
22%
22%
600
16%
16%
16%
50
16% Aug
21%
18%-
18%
400
16% FeD
22
24% May
>
Jan
May.
So La Salle
S
Steel
.
(new)—*
Yates-Amer
Mach capital
Jan'
30%
34 Va May
37%.
Feb
42
31%
13%.
10
11%. Feb
300
151/2
300
6
Mar
50
25
Jan
29
Aug
7% Mar
Jan
14
May*
35
July
27
300
10%.
Va
31%
30
3Va
31/4
300
47'/4
—
47%
900
7%
450
31%
7
32
31%
32
11%
11%
11%
33%
14%
Jun
Jun
9%
Jan
35
11% Aug
13
July
Feb
36%
Jan
14% Aug
21 %
Jan
21%
-
May
30%
100
16%
37/a
Jan
27% Mar
400
14%
Jan
53
Feb
Aug
7
450
33'/a
8%
2%'Mar
37%
Jun
32
Feb
30
300
—
14% July
400
7'/a
■*
_L
34% July
Mar
27'/4
-
7
27
— —
May
12% May-
Feb
10%
26
27 Va
v
,
i;
17
250
16
Feb
28
28
200
27
July
37
Jan
47%
47V2
47%
160
44
Mar
48
Jan ;$
40%
39%
300
39
Aug
42% July i
100
12
Aug
18% May
Aug
% Aug
13;.
40%
13
.
Vs
l*%
77»/4
78%
500
27%
200
3:,2
3,3 »0
27%.
—
12%
*
•
*
200
300
12%
—
32
12%
12%
30%
10
*
Westinghouse Elec & Mfg com
Wieboldt Stores Inc Common.,—.
Wisconsin Bankshares common
Juq
31
Feb
37
2
-•
common
94%
Jun
27%
12%
—5
St Corp
Apr
27 %
50
30 Va
20
25
1
—
82
50
30%
5
common—
30
28%
28%
~
68
i
■;}■
,
if:.
Feb
33 Ve
13% Mar
18%
May-I;
Feb
11%
12% July
14%
Jan
Jan :?
25%
16%
16%
50
101/4
10%
550
10
13%
10%
f).
July* f
83
Mar
14
250
Unlisted
Stocks—
—1
1
St San com——•
Alleghany Corp
.
American Air Lines, Inc—
Jun
Anaconda
Armco
50
Copper1 Mining-
10
$teel Corp.-
Santa Fe
Bethlehem Steel common
100
new-—-——•
29%
114
36%
Gas System Inc
(The)
37
Jun
300
15%
700
12%
Feb
16% May
.200
30%
Feb
41
* 38
28%!"
114
91/4
7'/4 July
8 Va
7%
15,
*38
"
500, •-:26%
29 Vz
50
11*4
100
30%
Feb
15 Va
200
15
:
j
3.7%, Jun
July
...
18%
■
Jun
16
16
100'
14
Mar
19% May
12
•
12
300
10%
Feb
-14%. Jun
.,
300
6%
Feb
10% Jun
If
500
4%
Jan
*
..
Continental Motors
Curtiss-Wright
JJ.
-
May;
32% May' 1
117% jfuly U
Feb
92% Mar
36%; 36'A
15
—25
1
Ry Co
Products
Canadian Pacific
Columbia
4% May
2% Mar
8V8
7%..
10
9%
7%
10
r
.
<
12% July
J
•
-•*.*
V
Feb.
32%
AU*g
X25
100
Apr
May
lu
?>» Mar
1,550,
25
"
37 %. Jan
19%
100
87/a
,
Feb
15
Apr
600
40
-
21%
Mar
17%
11%
650
14
12%
ctfs of depos—
—
(The)
Certaln-teed
33
Jun
7% Mar
'
Jan
10%
33
2
*
Apr
Jen
4%
13
7% Feb
10%'
54%
Tool
capital
Co
&
Atchison Topeko &
16
33
page 44.
12% May
26% Jun
100,
17%
—
1
20% Aug
100
2,100
3%
•
—
20%
Feb
•12%
12%
—5
—
9%
300
152%
20%
152
152%
3
-3
10%
10%
9% Aug
May
53%
14%
— —
200
3,300
10
13%
40,
common.
Mach
Sundstrand
U
for Week
Range
22% Mar
11%
9%
29% May
300
25 %
4%
*
new com
5
stock—25
52 V2
Apr
-100. — -44%
10%
*
Corp common
25
58% May
400
9%
9%
61%- 62
90%" 90%
capital
325
281
6%
13%
capital-
Inc common—
St. Louis Nat Stockyards
4,407
*
-
10%
10
capital
Lathe Works
Bend
39%
48 Vt. Feb
-
-
39%
2474
—-
Spiegel
13%
28
15
•
.-61%,-
—*
Clothes common——1
55%
14%
100
common—
13%
21
28%
Corp..
54%
*
=*.
Aug.
.25
common
American Radiator &
common
Corp
Jun:
32
24-% J&jfc
52
Jun
28 %
Feb
18%
■
1,500
250
capital——;—
43%
--
5
;
Aviation
Berghoff Brewing
150
12
9% Mar.
200
11
Aug
450
Serrick Corp class B common—:—
Shellmar Prod Corp common
39%
S
Co capital
A
18% May
12%
common
54
1
common
Co
18% May
21
'
.10
common.
50%
54%
55%
Sale Price
common
cl
16% July
15%
-10
South
85
—
Castings
Bastlan-Blp.'-Mng
400
500
70
Jun
30c
—
*
Manufacturing- Ccrp
Barlow
Jun
17%
15%
10%
Electric Switch class A_;—
-50
RR capital
—.—
Penn
Sinclair
6Va
6 Va
10
Washer
45%
600
Jun
100
~
1112%
common
13
Mar
3%
22% Mav
Feb
45
150
6%
11%
5
_
Manufacturing
Allied Laboratories
Mar
39
—5
Standard Dredging common
common
American Tel & Tel
10
Pennsylvania
Rath
Feb
16%
400
45%.
■
Co.
Bearing
42%
—
Quaker Oats Co common—
6%,
Par
Ball
May
50
100
10
54%
.25
common,.
Apr
July
726
19%
45%
Co
Pen
Jan
85c
Feb
38c
107
72
96
Mar
83
Jun
12%
10 Va July
1,715
107
107.
18%
STOCKS—
Aetna
11% Aug'
IOV4
—1
13%
11%
Inc.
Alum
May
10%
common
Manufacturing common.
8 % Aug
Last
Advanced
Aug
24%
*
14% Mpr
Friday
D1
Jan
65
Feb
7%
.10
common—,
25c
,
100
Elertric Com
Corp
19 Va
50% Mar
-2
Cooker new- com
Standard
Northwest
Oak
Chicago Stock Exchange
(J
July
10
32
Rights
Steel
15
Va-
24
•
Union,Carbide & Carb capital
Air Lines Inc
Admiral
U.V4. oaa
16 %
10
*l
*
r—
United
Adams
Mar
10%
10
Ward & Co
Montgomery
208
Acme
12%
11
10
~
Chemical: Cp common!--
Monroe
Sapgamo
common „-25
.10
__
Co__
Westinghouse
4%
60%, July
364
—
•
System
Waldorf
Feb
400
2 50
—'
13% Mar
500
29%
July
51c
M"chinery
Rubber
Jan
14%
6%
Co
S
3 Va
30,~
500
—
Drill)
200
10%
vtcprior, preferred——
Miller & Hart Inc common
18 Vs
92
Co
Rho*
Jun
!
14%
15%
29%
6
capital—
West Corp
Middle
32c
*
Fruit
Jun
110
Feb
82
6
42% May
42%
.
Twist
Jun
Co common
Mickelberry's Food Prod
17%
•
•
United
Jan.
3%
95
10
12%
-—♦
1
Marshall Field &
32c
25
Inc
46.35
39 Va May
159
68%
8%
10
Union
10 %
Apr
22
3%
-7;
32c
1
_.
United
2%
100
^
1,100
*
17%
•
U
i-j
Feb
28
110
57%
50%
50%
Bo.
2nd preferred..
TMrrlngton
59% July
Jan
36%
—100
H)
Suburban Elec Securities—.
$4
3
8 V2 Mar
2,400
15 Va
common
Jun
31% Mar
22%
62
2.50
Machine
A Webster
Stone
50
54%
Lindsay lit & Ch.em. common-
$1,
11%
—100
Assn.—
Bhawmut
101
4'
20
;.
I~C—
7% preferred
RR
1,268
25
67%
—
Drug
Rutland
8%
11%
—
Feb
39.90
11
40%
33%
55%
1
RR
Folding
25
Apr
93
Aug
49% Mar
147
26
*
Reece
33 Va
38
I
Quincy Mining Co
Reece Corp
Feb
32%
4
-.5
Pocahontas Co
Creek
Pond
26%
70
26
Till*
—
pos
(N
RR
Northern
Aug
215
44.03 44.03
____—
Mining
Butte
19
26%. Jan
Co
&
Leath
23%, Jan,
58%
♦
England Electric System
England Tel & Tel
North
17% Aug
57%
100
Assn.
Narragansett Racing
Nash-Kelvinator 1
National Service
72% Mar
30
40%
100
Lintoype
Mergenthaler
30
Jan
May
•
Aug
83
Feb
79
-
Chemical Corp
Mathieson
30% July.
2,300
32%
11
i_*
17%
33%
15
RR common
Central
Jun
78
32
Copper
preferred
5%
64 Va
64% Aug
31%
•
Maine
Feb
10
19%
15
Royale Copper
Kennecott
Mar
26
15%
1
31%
60
-57%
IIIII•
Co—
Hole. Mach Co,
Int'l.-Button
Isle
July
78
19%
I
Razor
66
65
31 Va
•
Safety
July
29 %
24;
.10
Feb
18
19%
Lines
Electric
Gillette
39
32
•
General Capital Corp
General
Aug
25
Jun
17%
—
National Stores
First
23
—
18
70
—-
100
—
Inc common"TIT"! *
Employers Group Assoc
•
SS
350
t,-
64V4
common——25
r—
1
Bartlett
Hibb Spencer
Hupp Corp
11% July
64%
64'4
•
Eastern
25
11
15%
10
1
34
235
83
83
100
preferred—i
Eastern
Jun
1
Associates—
& Fuel
Gas
Eastern
64
52
—
Jun
63%
17
1
Hammond Instrument Co common
Harnischfeger Corp common—j
Heileman (G) Brewing Co capital
13% Mar
154
75.
61
63
Service
Cities
65%
Feb
61%
--
•
;
Feb
32
42%"
Rubber common—_*
*
Lakes Dr & Dk common*
Apr
9% Aug
9
Feb.
23
11
Apr
48
Pep
5%, Jan
10,
11
16%
100
52%
10
•
Mar
47/a May
Aug
32
50
8%.
8V4
8%
100
July
4 %
187
8%
8%
28
-
pfd stamped
1st pfd stamped.-
1st
class D
10%
4%,
-
100
1st pfd stamped—
300
400
11%-
(W H). common—»
Co
Gossard
Jan
70
64%
&
Goodyear Tire
--
Jun
80
54 Va
15%
5
.10
10
Gibson Refrigerator Co common.:—
Goldblatt Bros common
July
39%
July.,
70
59%
11 Va
12%
-5
General Motors Corp common
19%
13
43
41
43
prior pieierred
b%
4 V,
26% Feb
10
14%
11%
%
Brewing common..
(Peter)
Fox
43% May
18 % Aug
280
Boston A Maine RR—
100
Jan
Mar
66
Jun
95
"
•
5
Jun
21%
127
22
90
23 Va
—100
-
-
36%
8%
--
5
Inc
of America
Mills
Jun
135
Feb
-
10
Jun
*
Boston Herald
64'A
.3
10
Eddy Paper Corp (.The—
25%
14 % May
9% Feb
1Q0
100
25%
-1
1
class A—:
2% May
19% Aug
50
11%
64%
32%
25%
.2i
General: Candy cl A
Mar
36%
1,118
July
57
Aug
115
95
Jun
40%
17% Feb.
20
19%.
124%. 125
9UU
10%
19%'
Jan
6
10% Aug
Feb
8%
52%
—
Corp
-
24%
5
t—
Credit
Domestic
Flour
Feb
120
5
125
100
3% Apr
1 % Feb
100
1%
Jun
70
-5
Jun
158%
36% Mar
37 Va
19 y*.
——
Edison
Boston
*
RR
Albany
&
177s
^15% Jun
59%.
!io
10
Manufacturing common
Dodge
39%
147%. Mar
56
125
Inc
Son
&
35
36
—
100
pfd:.
Bigelow-Sanford Carpet 6%
Bird
Boston
High
52%. Jun
55 V*
55%
IBO
.1
Low
46% AOS
37% Aug.
2,424
37%
4
11%
Range 8inee January 1
Shares
151% 153%
153
(new)
Common
25
II
—100
9% Mar
Consumers Co—
48%
37%
47%
Amer
12% Mar
100
64%
59%
Commonwealth Edison common
for Week
High
Low
Par
150
11%
10%
f
(new)
Cities Service Co common-—
Coleman (The) Co Ino
Sales
Range
of Prices
Sale Price
STOCKS—
17
19%
10%
Chicago Rock Isl, ,&• Pac com—
Exchange
Week's
Last
May
36%
Chicago
Chrysler Corp
Friday
-Mar
26
1%
5
1
—*
common
Chicago, Towel Co common-—.—-
Boston Stock
51
20d
-4
1
common—1
—__50o
common
Secur Corp
152%, Jim
Feb
Cherry
Baltimore
17
100
28
11%
1
11% Jun
62
Apr
34
Jun
Apr
55%
16%
28
10%
55%
;»
common
Biscuit
Illinois
Central
50
& Guaranty
Fidelity
S
4%%
Baltimore
of
Co
U
9%
150
10%
28
10
(new) ——2%
common—
Carr-Consol
Power
pfd B
100
&
Lt
Elec
Gas
Consolidated
common
High
Low
J:tt<
3.00
15%
(E L)
Co
Bruce
1
Range Since January
Shares
High
Low
Par
W) Corp
(E J) cap.tal—
(George
Borg
1
Range Since January
Shares
High
Low
Par
—•
—*
_100
Arundel Corporation
»
for Week
Range
of Prices
'
for Week
■'
Range
of Prices
"\
Sales
Week's
Last
Sale Price
STOCKS—
'*
t'
Last
Sale Prloe
I
STOCKS—
1
'
■
.
.
AUGUST 20
Baltimore Slock Exchange
Friday
■■««".
EXCHANGES
FOR WEEK ENDED
Friday
5%
1
•
RANGE
Monday, August 23, 1948
& FINANCIAL CHRONICLE
THE; COMMERCIAL
(772)
•"
*■■■*>, •••v.v •*- .-*•
t'f;
-m# -y
Volume
COMMERCIAL
THE
Number 4727
168
&
FINANCIAL
OTHER STOCK
Week's
Sales
Range
Shares
Last
Low
Par
AUGUST
3D
.
•
t
Range Since Jannary 1
Low
High
5% Mar
31% Mar
42% May
High
WATLING, LERCHEN Si Co.
'
1
Farnsworth Television & Radio—
Genera)
General
Public
Laclede
Gas
New
York
Pan
Motor
Amer
Pepsi-Cola
Co
Pullman
Co
oil
new
Radio
of
14% July
5% Jan
400
Feb
6% May
4,%
America
800
14% Mar
17%
300
12%
Republic Steel Corp common
Rexall Drug Inc
500
l6%«
Feb
8% Feb
18% Mar
,
12%
*
•DETROIT
Building
Telephone: Randolph 5580
26% May
Jan
700
12%
42% July
45
Jun
300
X25%
Feb
42
May
12
12%
500
8
Feb
15
Jun
600
7%
Feb
11% May
31% Jun
8
29%
29%
100
23%
Aug
23
Feb,
6%
6%
400
.6
Aug
29%
29%
100
29% Aug
32% July
19%
19%
19%
600
14%
Feb
23
buoony
Distillers
Corp.
1
1
r-4 cr*
Vacuum Oil Co inc
Standard
Oil of N J
Standard
Steel
„_25
78%
79%
400
69%
Feb
91
Jun
.1
Spring
13%
13%
200
11%
Feb
15% May
STOCKS—
for Week
Sale Price
--
of Prices
Sunray
Oil
—
—
1
25%
24%
25%
200
1
14%
13"%
11 Vb
2,000
9%
Feb
15% May
*
3%
3'/a
3>A
300
2%
Feb
14%
14%
200
12 y8
Feb
3% May
17% May
Corp
United
Corp
Wilson
&
Co
•
common
Briggs Manufacturing
16% Mar
29
*
Brown-McLaren
Friday
Sale Price
Par
Laundry
Mach
Baler a nk
20
1
:
Baldwin
8
Carthagi Mills preferred.B
Champion Paper & Fibre
Churngold
40
*
Corp.
0
Range
of Prices
Low
Sales
Davidson
Range Since Jannary 1
Low
High
Detroit
Gray
Ale
100
29
Feb
36%
1%
1,000
1%
Apr
17%
200
12%
Feb
Gas
Elec
&
8.50
common
Cincinnati Street
Cine & Sub
Cincinnati
Bell
25
32 %
24
3%
128
23
14%
Jan
19
Apr
38%
25
38%
Aug
39%
Apr
24%
25
TeLi
Union
Cohen (Dan)
50
Stock
Yard
*
Co
29% Mar
3
17%
Jun
7%
7%
10Va
Jun
.10%
Jun
6% Mar
100
___
_
__
6%
275
20%
20%
21%
1,403
1
Iron
3%
3%
3%
200
2%
Apr
3% July
2%
2%
140
2 Va
Feb-
3%
Jun
3%
3%
100
3
Feb
4%
Jan
1
_
—
1
Brewing
common
3%
6% Aug
-
21% Jun
20 Va Mar;
9^c
210
90C
Feb/
21%
100
18
Feb
8%
1
_
94c
21 Vb
_
_
Industries
300
5%
8'/a
1
40
18
Feb
8
Mar
26%
Jun
11
May
_
Gerity-Michigan
Brewing
Goebel
1
_
Corp
-
_
100
1% May
.
23 %
Feb,
6%
6
6%
500
6
5'A
5%
200
4
3%
4
200
6%
1
6%
1
_
Paige
Jan
4% May
Mar
165
10
Insulation
Kahn
5'A
Sons
common
preferred
*
4,5
50
—
•
Magnavox Co.
1
Meteor Motor
Car
•>
Proctor & Gamble
•
U
S
Electrotype
Printing
Preferred
50
Feb
29%
Jun
5
May
8%
Jan
75
76
113
73
Mar
12
10
10%
81
Jan
13
Apr
Jan
17
10
17
Aug
18
21%
21%
25
19%
Feb
25% May
22 %
22%
40
19%
Apr
24%
June
49
42
49
Jun
68
'Jan
14
14
,.25
13
Mar
44%
44%
26
43%
44%
86
49
__
„
__
"
12%
r
:
16%
Feb
46% Mar
47% May
19
10
12%
10
11
68
67Va
68%
730
13
13
70
41%
41%
39
40
Jan
48
48
24
48
13%
12% Aug
41%
May
1
—
6%
Aug
8%
Feb
Hudson
Hurd
Motor
Lock
Kinsel
&
—
Mfg
_
__
_
14
14'
100
14 V
Feb
15%
July
62%
Apr
Feb
15
14%
200
14 Vb
Aug
18%
Jun
17%
17%
100
16
Feb
22%
5
Jun
100
3
Aug
100
1%
Aug
—
3
3
—
1
___
1%
1%
4% May
1% May
Kresge Co
Masco
Screw
10
-
Products
Parke
1
Scotten-Dillon
10
Sheller
_i
Manufacturing
Simplicity Pattern
Standard
1
Tubtyclass B
Par
.
Akron Brass Mfg
American
Coach
American
Tel & Tel
Apex
Electric
50c
i
&
Mfg
Body
5
(Un)
Wayne
Aircraft
Screw
Cleveland
$4.50
Cliffs
25
Iron
preferred
al0%
Products
Shares
Basin
21
75
43
10%
20
60
15%
15%
131
76 %
70
3
16%
High
3% July
24% Jun
Jun
Electric Illumin
4 % V
preferred
Cleveland Graphite Bronze
Consoi Natural
•
com
*
(Un)
Firestone
*
Rubber
&
(Un)
425
70
27%
140
a41% a41%
85
(Un)
Tire
40%
108 % 108%
27%
15
Electric Controller
Erie Railroad
108%
1
'
Gas (Un)
40%
.
24
85
85
14%
14%
100
a46% a46%
14%
25
General
Motors
Goodrich
(B
F)
Goodyear Tire
(Un)
common
common
40
(U11)
8%
Feb
37
12%
Home
30
50
common
& Rubber
•
common.
Great Lakes Towing common
Greif Bros Cooperage "A"
"
Apr
Central
July
45%
Jan
17% July
Feb
81%
75 % Mar
Halle Bros common
5
Preferred
Interiake
,
34%
108
Feb
41%
109% July
34 % Apr
Apr
26% May
41 y4
78
9%
Jun
51
Aug
Feb
89
Jan
43
Jun
Feb
15% May
Feb
53
Jun
31% Mar
43
May
147
50% Mar
65
Jun
47% Mar
44
88
31
123
22
12
415
12
64
Mar
12
Aug
£■>
«
^
•
v-
22
38% Mar
May
.47% May
33
Jun
14%
Feb
22%
265
44
45
70
341/a
39
20
25
Mar
401/2 Mar
31 %
Medusa Portland
*
Jan
July
13%
13%
5<J
12
12%
121/4
75
10
Feb
15%
I—*
Cement--'
37%
37%
190
33%
Feb
42
5
500
Metropolitan. Paving.Brick—-
H. National Tile
I,N Y Central
13%
4
5
Feb
15
41/2 Mar
Mfg
1
4%
340
2%
6%
Feb
RR (Un)
♦
al7% al7%
50
,12%
Feb
___*
a42% a42%
(Un)
»
a37Va a37%
Sargent
*
4%
2%
Feb
100
6
Apr
400
1%
Feb
-1%
1%
700
1%
Ohio
Oil
t!.Patterson
25%
Week's
Republic Steel
Richman Bros
v
(Un)*.
A".
Standard Oil of Ohio
25%
-
22
Thompson Products Inc
Twin Coach (Un) _1
U S Steel
common
common
&
Iron
'
Van Porn Iron Works
Consolidated
Engineering
Consolidated
Western
....
For footnotes
see
page
7%
Jun
Feb
28%
Jun
77 %c
Jan
55c77%c
15
3,300
'
52 %c
861
Feb
10%
Feb
al4% al4%
40
15% July
20
Mar
8
2,790
6%
Feb
9
2,390
7%
Feb
11%
11%
11%
425
10% Mar
15
Jan
27%
27%
555
20% Mar
31%
Jan
16%
16%
1,019
13%
a4%
a4%
30
20% May
5% Apr
59%
60
19 %
19%
19%
19%
6%
5
—
16%
60
19%
Industries
Dresser
Electrical
Derrick
Oil
Garret
Inc
50c
Products
Emsco
&
Co
Corp
Equipment
Ltd
class
Corporation
6%
8
.Aug
13% Jan
Feb
4
Mar
402
54%
Feb
451
12% Mar
140
16
65%
4
6%
1
(The)
2
Motors
Corp common
Gladding McBean & Co
10
*
Hotels
Holly
Development -Co
Corp
5
5%
Apr
48%
800
29%
Feb
10'A
200
Jun
a24% a26%
7% May
a64%
__
10%
21%
Jan
12%
Apr
20
11
Feb
60c
Feb
96o
10
Jan
15%
64%
70c
__
13
50
760
<
75c
3,000
13
13
381
496
51
32%
42%
32%
42%
105
24
175
39
11
970
10% July
5%
5%
5%
4,515
17%
17Vb
17%
945
11%
1,800
1.55
Jan
14% July
Jan
Mar
10%
14%
Feb
a61%a64%
Independent Exploration Co
Intercoast
Petroleum
May
Kern
County
33 %c
Corp
Corp
10
;
Jun
Land
;
Co
__
Jun
July
Jan
Lane-Wells
Lincoln
Co
1
Petroleum
14%
Jan
Jan
5% Aug
15'A Mar
22%
Jun
11%
10% July
17 y«
Jun
1.40
1.45
625
97 %c
Feb
10Va
1,490
8%
Feb
15
Jan
46
680
Jun
51
Apr
Jan
30
Apr
46
45%
26
26%
.
45
1.70 Jun
i.
Corp
^
20%
26%
'300
10c
Co
Aircraft
Mascot Oil Company
1.35
1.30
1.40
3,500
1
22%
21%
22%
825
14%
Jan
24%
Jun
1.20
1.20
700
90c
Jan
1.30
Apr
al%
al%
20
1.40
100
1
Manufacturing Co
33
Jan
48
Jun
Merchants
50
26%
Feb
43
Jun
Monogram Pictures Corp
25
23% May
27
1.10 Mar
1
Diable
Oil
Co
1
__
15
Jun
National
City Lines Inc
Jun
National
Jun
Nordon Corporation Ltd
43%
123
41
Feb
47
Apr
Northrop
a28% a29!A
190
24%
Feb
35
1.40
Jan
Feb
Jan
j
1.55 July
1 Vb
4%
4%
200
3
1.70
1.70
500
6
1.05 Mar
/:
Jun
1.80 July
Jun
10O
a9%
20
a77 Vb a777/a
12
I
Feb
59% May
Oceanic Oil
14%
Pacific Finance
200
1
a7
a7
a7
14%
215
15c
15c
15c
4,500
1
11%
11
11%
Corp'
675
50c
50c
300
2.55
2.60
4,650
1
__
9
14
.h
15c
6%
35c
Aug
-
Mar
May
24c
/
Jun
13% May
Feb
Mar
May
15
6% Mar
50
14
1
1
_•
Aircraft Inc
9% Aug
67% Mar
70c
'
f
Apr
83 V2 July
39%
Jan
Co___
Corp
_1
common—i
7
10
25
2.60
al9%
al9% a20%
34'A
34%
1.95
Feb
A
k
30% Mar
606
2.90 Jun
21 ya
15% Mar
345
£
Jun
36
Jan
35%
Jan
;
"
Mar
-
12
May
19%
326
18%
Aug
24% May
a79 Vb a827/a
36
65%
Feb
87% July
19
>;
3% Mar
95c
1
Mallinson Fabrics.,
31%
1.40
1
—_
Mng & Dev Co
26%
*
,
1.60 July
Jan
Petroleum
Feb
9
./,/
May
18% July
Feb
9
;
.,
36'A July
45% Jun
10
1.45
1
5
Feb
56
'/
;
Jun
77/a
a97/a
•'
30% Jun
Mar
1
22%
'56
v
12%
13%
13%
♦
18%
*
\
48% Aug
Jan *1.
9% May
al2% al2%
__
13%
Goodyear Tire & Rubber Co common—*
Hilton
435
48
5
com
A—
91
a28%
-v:
20% July
20% July
Feb
10%
48%
1
11
43%
;:
15% July
8%
Corp com..*
15
i—l
;
Jan
21%
7%
1
Steel
Creameries of America
a27 Va a28»/2
*
White Motor
Bigh
4%
45
14%
20
all% all3A
*
Youngstown Sheet & Tube__!
s
2,160
'
8
*
common
Pacific Gas & Elec common
„
Low
5
9
1
a22 % a22%
I
-
Range Sine* Jannary 1
a23% a23%
1
•
10
(Un)
Shares
High
4%
5
a23%
2.50
Fuel
Occidental Petroleum
f
Jan
for Week
of Prices
Low
15
20
*
*
common
2%
*
Corp
5
;
6% July
2 % May
1% Aug
Sales
Range
60c
2
Preferred
Mt
Ti-Radio Corp of Amer (Un)__„__
S: Reliance Electric & Eng
.3% May
,-v,v
__1
Chrysler Corp
Menasco
Ohio Brass class B
,
8Va May
7% Aug
,
.100...,
33%
Corp
Certain-teed Products Corp
Aircraft Company
Lockheed
&
Jun
Jan
48
36
Jan
10
—
Jun
16%
1%
1
Corp
Oil
Kaiser-Frazer
Lamson & Sessions
10 %
Feb
1%
1
Consolidated
Investment
General
■
Kelley Island Lime & Trans
j
22
50
34'/a
•
SteamshlD
12
2%
10
Hudson Motor Car Co
i
100
*•
"8% Feb "
Apr
240
50
Company
Cessna
43%
12
7%
-
500
Jun
12%
30
100
10Q
15%
6%
Par
.
Broadway Dept Store
158%
a3&Va a40
a57Va a57%
Jan
8% Jan
-
6%
Sale Price
Appliances Inc
Chica
Bolsa
Feb
147% Mar
a61% a62%
10
10
7%
__
10
14'A
15 Va
20o
Exeter
General Electric
6%
6% Aug
Angeles Stock Exchange
common
Blue Diamond
Colorado
Cleveland
Aug
4% Aug
2%
_1
Ctt
Oil
Bendix
a
6%
1st preferred.,
—
5%% 1st preferred
1
Pacific Indemnity Company'
25
a34a34%
70
25
a30% a30%
30
..10
a47% a49%
170
33
Mar vA-
28% Mar.
49
Feb *
r,
t
32
July
51% Feb ;;
—i!
44.
y-Y
f
Range Since Jannary 1
Low
192
3%
Petroleum
Bros
Barnhart-Morrow
High
76
100
Bandini
tor Week
a37% a3.7 %
1
common
f
27%
i-
_1
»-«-*.
Los
Barker
Sales
al52%al52%
1
Chesapeake & Ohio__
of Prices
3%
21
100
common....
~
Jan
5% May
33% Jan
'
,
Range
Low
3%
200
;?■
2Va May
4
1.
Jan
Exchange
Week's
Last
200
6%
i
Jan
2
.1
Union Investment
.
Sale Price
286
4%
37%
//
'
~
Last
STOCKS—
27%
Feb
1% Aug
1% July
4% Feb
100
6%
Friday
Friday
100
4%
—
33%
3,700
5
27'A
;_1
common
Paper
1%
1%
5
*
Raisin
100
1%
-
Peninsular Mtl Prod
36
1%
1%
•
Motor Car
Davis
River
36
—
1
McClanahan Oil
Packard
Apr
50
S)
(S
Jan
49%
>
Jun
14%
17%
*
Car
Drug
Warner
12% May
71% Jan
Jan
5% May
5% Mar
3% Mar
.
ti
Jan
.8
.
Aug
Mar
v
14%
—2%
_
_
STOCKS—
Cleveland Stock
Jan
9% May
"
Hoskins Manufacturing
Houdaille-Hershey
,h49% Aug
12%
__
Jun
*49% Peb
4,
12%
„
__
*
4
common
23
584
17
__
__
Kroger
Rapid
„
•
»E»
195
6
12
75%
*
Olbson
26%
5%
*
Eagle-Picher
Formica
26
„
Jun
...1% May
.
'
Cincinnati
Jun
6'A
Trailer
Wood
Graham
18 >4
8%
31
1%
1
General Finance
Shares
30%
8%
„
26%
20
Edison
Gar
38%
24%
Feb
~
for Week
3%
__
19
16%
--
Bros
Detroit
Friars
18 %
__
High
900
31
*
Continental Motors
Fruehauf
High
30%
„
__
Low
23%
Jun
Exchange
Week's
Last
American
Range Slnee Jannary 1
High
23%
-1
_
Electromaster
Cincinnati Stock
Low
2
Frankenmuth
STOCKS—
Shares
*
American Metal Prod common
Burroughs Adding Machine
Studebaker Corp common
Sales
Last
Par
Schenley
Exchange
Week'e
Friday
Jun
-1
Detroit Stock
7% July
29%
2%
Chicago Stock Exchange
Ford
5% May
11% May
12%
-
7%
■
Detroit Stock Exchange
...
...
New York Curb Associate
Jan
38
-
mil
•
;" 4%
200
9%
23
12%
tmim'
-
common.
9'/2
2,200
New York Stock Exchange
a
18% July
37%
__
*
5%
22'/a
--
__
4%
,i
'
Members
Jun
21%
Feb
14% Mar
—
.-r-
'9%
common
Radio-Keith-Orpheum
18%
17'A
23
-33%
—
Corp
100
5%
10% July
Aug
3% Feu
12%
17%
;
1
com
—
(The)
37/a
5%
4%
-2%
Inc
Inc
Pure
37'a*
—
•
Car
Pictures
300
17%
III10
Airways Corp
Paramount
13
18
*
capital
Co
1
Packard
100
2,200
57/a
Corp
Central RR
American
7%
40%
—
—
4
—
"
12%
1
Moiors
Light—
Nash-Kelvlnator
North
7%
38'A
40
5
Utility Corp_
Graham-Paige
7%
*
Electric Co.—
.37
for Week
of Prices
Friday
Sale Price
(773)
EXCHANGES
RANGE FOR WEEK ENDED
STOCKS-
CHRONICLE
y,
OTHER STOCK
EXCHANGES
RANGE FOR WEEK ENDED
•f Prices
8ale Price
Shares
Low
Rexall
32
6%
6%
6%
225
5% Feb
Corp
97 V2C
95c
1.00
2,800
85c
Feb
39%
38
40
2,448
15%
Jan
5%
5%
100
al7% al7%
124
5
Inc
Stores
&
Company
Oil Corp
Co class A
Signal Petroleum Co of Calif.
Sinclair Oil Corp——
& Gas
Co
Gas
6%
Pacific
Southern
Sunray
B
12c
175
2&c*~
12c
14,000
■f
22c
Jan
Steel
55c
Feb
32%
1,100
1,255
29%
29%
30
963
25
Mar
26
May
15%
28
Woolworth
24% May
28%
25%
•
59%
28%
520
33%
525
32%
Feb
34%
54%
59%
1,599
44%
Feb
62% July
65%
1,260
55
Jan
72%
American Tel
al3%
.50c
.
al8
60
11%
1,418
—5
14%
15%
310
a—
20% May
13%
Feb
Budd
a__
a—
—
10%
Jun
Corp
18%
Feb
24 % May
27%
245
25%
Feb
33
a9%
10
7Va
Feb
a46% a46%
60
11% May
49 % Jun
Inc.
General
83% July
Gimbel
360
7
Jan
21%
American
9c
8c
1,000
Jan
17c
May
3%
2,100
3
Mar
Motors
34
July
10
a37%
Atchison
Avco
Topeka
Santa
&
Fe
12%
148% Mar
157% May
3109% alll%
6%
7
75
182
40%
Feb
32
Jan
91
4%
520
"
Baltimore
Oil
RR Co—
& Ohio
Barnsdall
Co
Aviation
Bendix
Corp.
Steel
Bethlehem
Corp.,
15%
280
14%
14%
880
a39y2
a39% a39%
85
a32%
a31% a32%
(The).......
Company
Borg-Warner Corp
;.
Budd Co
Sun
Jun
F«fr,
37%. Jun
27%
410
30% Mar
30
39% Mar
59%
675
9%
10
200
15%
15%
315
10
Mar
19
&
...
Inc
Gas System
Commonwealth Edison Company
Commonwealth
Southern Corp
&
(N Y)
Consolidated Edison Co
*
33
Mar
63%
125
10% Feb
14 V2
70
24
27%
a25%
—25
•
—
a23%
—*
Power &
—.5
—
Paper
Oil
—
*
—
—.—..*,
General
Foods Corp..
•
General Public Utilities Corp—
—.*
Northern
Ry Co pfd.
Nickel
Int'l
1
Canada
of
Co
International Tel & Tel Corp
Kennecott
Laclede
Copper Corp
Gas
Light
McNeil & Libby
Libby
...
a39%
a
12%
—
,
57
27% Mar
a30%
a58%
York
9%
595
4%
Feb
12% July
35
a20% a20%
39%
a29% a40%
38%
a 12%
Northern
Ohio
Oil
Packard
Car
Pullman
Oil
Pure
Radio
•
Inc
Corp
Republic
St
Regis
•
•
Company
of America
Radio-Keith-Orpheum
Republic
50
33 %
25
Corporation
Dodge
Corp
Paper
50c
•
5
Co
Brands
a22%
Oil
Co
(Ind)
Co
(N J)
25
Webster,
Swift
&
For
Co
Inc
1
J25
Corp
1
.
footnotes
see
page
44/
Steel
48 Va
Apr
363
28
Jan
45 Va July
23 %
912
21
Aug
23% July
523
26% Aug
28% July
27%
26%
27%
89
24%
23%
24%
21 %
24%
18% Mar
Jun
20
Feb
Apr
16%
27% July
Feb
12 Vs
Jun
9%
10
8% Mar
46%
61
39% Mar
50% May
68
68%
9%
46 Va
68%
281
50% Mar
70 Va
Jun
IV2
Feb
3%
882
Jan
2
2,175
21%
3
3%
1
40
1
1
Feb
'3% May
23% May
39% July
22
22
20
20% Feb
20 Va July
37%
39
54
32
20%
20%
22
Feb
24
Mar
42%
Jun
Mountain Fuel
34% Feb
40
15
July
Feb
of Prices
Shares
.
:
Star
Low;
•? f
95
3%
Feb
48
37% Mar
Jun
Feb
280
197
11%
193
10% Aug
12 %
170
10'A
Feb
14%
27
200
25
Jan
30% July
10
10
7% Mar
10 Va July
24%
50
22
22%
21
—
CO
51
*
16 Va
32
5
23% May
May
7%
100
6'/a Mar
9
Aug
1,292
11% Mar
24
July
-
Mar
30
90
32
Jan
52%
2'A Aug
1% Mar
2%
400,
34%
35 Va
194
34%
Feb
39%
Jun
8%
8%
65
7%
Feb
10
Jan
1
Jan
2
—
—10
27
Feb
©
21%
7%
5
Feb
21%
34%
p
—
13V* May
Feb
Jan
Jun
10%
24%
~
Pittsburgh Screw & Bolt Corp
12
27
27
10
Pittsburgh Plate Glass
Jun
33%
10
5
*
Pittsburgh Brewing $3.50 pfd—
High
:
Feb
25
12
1
Supply
29%
10%
—10
Gas
Range Since Jannary 1
High
27%
29%
*
Pittsburgh Oil & Gas
5% Jan
Jun
San
_
*
67
25 >/4 Mar
33 %
Jun
Vanadium Alloys Steel
12%
Jan
16%
Jun
205
42%
Feb
59%
Jun
Westinghouse Air Brake
Westinghouse Electric Corp
a5%
40
4%
Feb
9%
550
16%
70c
Aug
10c
Mar
2,200
36
36
*
«...
210
33
Apr
36%
244
32%
Feb
19c
May
37% May
39 Va Jun
28%
95
25%
Feb
33
27
.28%
.12.50
200
11c
36
36%
1
—
70c
11c
70c
70c
1
...
Mining
Toy
200
-
Jun
6 % May
Feb
10%
Apr
16%
315
16% Aug
19%
Apr
al3% a 13%
112
13
13
Apr
54%
267
48% Feb
63 "Va May
18
254
15% Mar
21%
19%
a 19%
155
•10%
11%
735
16%
460
a
Apr
18 %
50
al6% al7y8
8%
a21% a22 %
9%
Feb
13% May
Apr
16%
26%
40%
Feb
Jun
a37
60
5%
1,019
4%
Feb
5% May
a9%
a9%
35
8%
Feb
HVs May
18%
19
S'64
16%
Feb
12
12
340
12
■/ Aug
22
Jan
a54%
a55
131
41V4 Mar
57
May
American Inv common
Brown
Shoe
a41a43%
37
*■'
37%
42% Aug
775
49 Vs May
25%
80
44
Feb
May
11%
12%
1,025
8
Feb
15
Jan
8
'8
250
8
Mar
11
May
3%
28
29%
3%
3V4 Aug
100
29%
.1,339
all% all%
22%
31%
Feb
11% July
50
a28% a28%
100
all%
5 V4 May
common
General Motors common
International Shoe common
Key common
Knapp-Monarch common
Feb
47
a25% a25%
47%
47%
20
25% Feb
28% Jun
Midwest Piping &
260
38
52 Va
Missouri
May
71V4
Feb
Jun
Steel
common
Feb
32% Aug
97
33%
Cement—
27
10%
180
10%
Feb
13%
Jan
22%
100
15
Feb
23%
May
39%
106
31% Mar
42% May
100
51
Mar
65% Aug
31% Jan
62
64%
26%
67
68
18
17
18%
24
24
42
42'/a
70
7
M
7%
65
10
10%
1010
8
Mar
14
14
100
14
Aug
42
10%
5
5%
4
20
33
33
*
36
May
68
1287
14
Aug
24
Jan
.35
24
Aug
30
Mar
39% Mar
:
tt
4%
25
25%
340
17 v
Feb
29 Va
Jun
Stlx-Baer
33%
33%
320
30% Mar
36%
Jan"
Wagner Electric
18
July
45%
Aug
Aug
Jan
8V4 May
10
Apr
June
17
6% May
Apr
Mar
33
Aug
35
13% Mar
22
July
16%
1715
16% Mar
;19
Jun
38%
65
230
20
16%
-25
200
5y8
33
20
v
25% Mar
20
289
:
37%
28
'".V I >
129
25'/a
-
154% July
85 Va July
a79V8 a79%
11% Mar
Supply common-
Portland
al6% al6%
f*
Aug
26%
-i.—
Laclede Gas common
Laclede
a79Vi
a 16%
150%
67
Laclede-Christy common
Feb
Mar
64%
1
—
/JutfeJ
Jan
499
39%
39%
Hyde Park Brew common//—... ..Z4'
-50
Hydraulic Pressed Brick preferred«
15
1,235
»
10
(Un)
High
19
13%
22%
—
Griesedieck-Western Brew
35 V4
19 y2
32%
Low
.
110
16%
15.).% 153
153
Range Since Jannary 1
High
10%
1
General Electric common (Un)..
50
19
16%
in
Co common.'
Falstaff Brewing common-
a45% a45%
>
'
Jun
13% May
Feb
:•
—
Century Electric
32% Apr
23 Va Jun
26
-
<
Tel
General Shoe common
-
Shares
Low
Par
—1
...—
21% May
19
for Week
of Prices
Jan
27 ft Jun
17% Feb
Sale Price
STOCKS—
Sales
Range
Last
18% July
15%
Week'#
Friday
22% May
Feb
12% Mar
100
SI. Li)ui<s SfoiEk Exc hange
Jun
4%
12%
for Week
Jun
11%
Sales
Range
Low
p
Electric
Brewing——
Harbison Walker Refractories com
Jan
14%
a36%
a43 y8
Week's
*
13
25
Oil
&
'U
,
40% Aug
100
41%
1
Pitt
Mar
10
13
19%
Standard
Studebaker
50
Sale Price
a55% a58%
a45%
Standard
Stone
2,861
19%
7% July
22%
;
a30y8 a30%
*
Inc
22%
23%
'
40
*
Mackintosh-Hemphill
60
a9%
.1.75
...15
.
40%
19%
1
.13 %
10
——20
•
Brejving
Duquesne
Fort
American Tel &
*
Distillers Corp
Socony-Vacuum Oil Co
fVsktliern Railway Co
&
Gas
32
100
1
Pictures Corp
Steel Corp
Schenley
Standard
11%
2.50
Co
22 Va May
Co
(D L)
Lone
140
4
4
•
Co
Airways—
Pennsylvania Railroad
Pepsi-Cola Co
Phelps
1
•
Company
Motor
American
20 Va July
Feb
VJ \ •'
5% Mar
/,
1
*
•
—
Ludlum
Allegheny
Jun
127
16%
al7
10o
Co
Jan
16%
Par
15%
50
1,920
a42% a42%
10
Rwy
18
1,344
26% Aug
•
Inc
2,809
19
40%
STOCKS—
22 V*
54%
a 19%
Co
Pacific
al3
a5%
•
Aviation
American
North
19 %
18 Ve
Last
Feb
20
18
Corp
RR,
Central
American
North
Pan
Prod
Distillers
Jun
July
13
5
New
33 V*
Feb
13
Nash-Kelvinator
Nat
644
18%
18%
22%
—
9%
*
*
•
*
•
Corp
12
41%
£
common
Renner Co
Montgomery Ward & Co Inc
Company
May
May
6%
Friday
Columbia
7%
16%
Magnavox
1
Pittsburgh Stock Exchange
Clark
75
14%
a!3y8
Inc
7% May
Apr
18%
50
Westmoreland Coal
Jun
69
Mat
11% x 11%
•
Loew's
•
Jun
10
a 10%
al0%
9%
4
7
Co
16 V4 Mar
Feb
a29% a29%
*
Corp.—
Iron
Va
50
Greyhound Corporation .....—.—.3
Interlake
Feb
%
*
Jun
24%
July
50
4
1
—*
Graham-Paige Motors Corp
4%
23 Va
Co
3% July
21 Va Mar
a24% a24%
Co. (The)..—.—*
Light Corp
45
100
%
28 V2 May
2% Feb
167
a58y8 a58y8
General Electric Co
Great
944
3
/ A//'v
•
-
3y8
a23% a23%
'
6
_
•'
a26
137
Curtiss-Wright Corp common—-——1
Class
A
—
.1
Electric
a25%
Apr
25% Mar
7%
Publishing
13
6 %
6 V4
%
Jun
286
7%
...
25 Va May
Feb
10
•
*
....
Jun
a22% a22%
__
1
5
Zellerbach Corp
Feb
9%
Jun
12%
10
Curtis
.
172
12%
255
Crown
17%
May
54 % *54 %
12%
10%
(Del)
Aug
85
614
1
*
50
■
Jan
65 Va
290
20
1%
(
18% May
56%
49%
11% May
54 %
10%
Continental Motors Corp
Continental Oil Co
65
Feb
8V4
Corp—.......1
Vultee Aircraft
Cons
61%
1
Feb
50% Mar
143
395
July
Jan
47
—10
*
Commercial Solvents Corp :
,,
10
__
42% July
*
Cities Service Company
Columbia
59
25
51 Va
64%
12%
preference common
Tonopah Mining—.
United Corp
common.
United Gas Improvement
37% Jun
36%
34%
..
•
Pacific Railway Co.—
Canadian
..15
5
50 Va
16% July
44
a41% a41%
_.
Jun
17y8
Feb 1
33
13 V4 July
15% Mar
3
Westmoreland Inc
Borden
16 Va
988
: 15%
64%
50
*
Reading Co common—
Salt Dome Oil Corp
7 Va May
12% Feb
10% Feb
278
14%
——5
8
,*
.*i
15%
__
Mar
200
19%
common
div
$1.40
117% July
Feb
Corp
65% Jun
2% May
May
15
11% Mar
Scott
13
100
Baldwin Locomotives Works
11
10%
11
12 Va
Public Service El & Gas com
31% May
Feb
27 Va
Philco
Jyn
Jan
5
1%
5
:
Philadelphia Electric Co common
Philadelphia Insulated Wire
16% May
566
12%
12%
(Del)...—....3
Mfg Corporation
901
151%
Jan
12% Mar
••
205
a
__
.
,
al53
a36% a37%
a28% a28%
al52%
50
——10
—5
Ry__100
Corp
Co (111)
&
120
7%
600
7%
—.....100
Copper Mining Co..
Armco Steel
Armour
8
al5 al5%
11% May
Feb
7
70
Pennsylvania Salt Mfg common
Mar
10
Feb
1
8
205
60
1%
Apr
158% Jun
52%
9%
58%
Pennsylvania Power & Light
Pennsylvania RR
i
41V2 May
—-—,—1
American Tel & Tel Co
147% Mar
10
Brothers
27Vs
22Va Mar
961
*
Pennroad Corp
4%4 May
90
3%
American Radiator & Stand San Corp.*
Anaconda
200
2%
—1
*
High
Low
24%
23%
1
Range Since January
High
151% 152%
23%
152%
.100
Lehigh Coal & Navigation
Lehigh Valley RR
National Power & Light
May
10
a34Va a34%
a34Va
Shares
44% July
9c
Jun
for Week
Low
16
38% July
10c
10% July
May
Sales
Range
51 Va
Feb
8
14
44% Mar
of Prices
Sale Price
Battery......—.....*.
Corp
10
July
8
^
3% May
Feb
2%
50
Week's
Last
& Light..,,..—...13%
40
8
Co
Mfg
Airlines
a46%
.10
...
& Tel
Storage
67% Mar
41
Apr
27%
1
Delaware Power
20% May
13% July
160
41
July
a9%
-12%
Corp
Co
440
41
...
Allis-Chalmers
19
44
....
it Alleghany
30
12% Aug
Jan
Stocks-
Unlisted
Feb
j.—
a—
a20 a20%
Chrysler Corp
Cooper Brewing Co
Curtis Publishing Co
1,079
a78%
—l
Calumet Gold Mines Co
23 Va
Par
35
34%
35
_•
lib
Lines Inc—
120
5
STOCKS—
a76% a78%
1—25
common
Corp
a—
105
26%
380
Electric
1£%
Jun
3%
al0% al0%
Inc.
Jan
a__
a—
13% Mar
110
aI4
11%
—2
42%
15% May
9% Feb
a—
al7%
—,
39% July
314
American Stores
64
100
410
Friday
33%
2,009
Apr
40%
167
,
28%
14%
25%
Philadelphia Stock Exchange
29% July
Jan
27% Aug
13%
Aug
'a 12% al3%
Feb
a23% a23%
19
26%
Jan
22%
14
295
__1
(F W)
Co
July
100
676
"l
20
.10
Motors
30% July
533
—.—
32
Jun
33c
28%
Feb
Mar
Stocks—
Mining
Pictures
Electric
Jun
19 %
Western Union Telegraph Co—
Westinghouse
Jun
355
a86% a89 %
a89 Va
5
Corp
Lines,
Bros
68% July
40%
40%
Co.
Inc..
United Corporation (Del)
Warner
66%
July
Feb
29c
27%
33c
May
180
Feb
122
IVa':.;-.: 24
24%
Universal Consol Oil Co new com
Western. Air
13c
175
27%
California
States
Jun
44%
Feb
26%
cum—;
of
Oil
28%
23%
Corporation*
Transcon & Western Air Inc.
United
200
Jun
Feb'
Feb
27%
41% July
52% May
27%
Transamerica
Union
40%
Apr
Feb
Mar
26%
Company
Textron, Inc common
$1.25 conv
46
26%
Corp
preferred
Oil
4%%
32%
Air
53%
49%
27%
27%
Co new com_50
Railroad
Aircraft
United
23%
of Calif
Standard Oil Co
15 y4
175
116
Pacific
United
Willys-Overland
preferred
preferred
Calif
671
51
Union
170
20
Carbon
&
January 1
High
'
145
a62% a63%
aG3%
.10
Twentieth-Century-Fox
Carbide
Low
a57% a59 %
Mar
25
25
pfd class A—25
cumulative
4.56%
17%
38%
50
40%
25
25
convertible
4.32%
Jun
7
26%
cumulative
4.48%
1.30 May
49
20%
17%
Southern Calif Edison Co Ltd com—25
4.83%
Jun
20% May
38%
—25c
*
1
Corp
Trading
Sierra
_
Jun
17% Mar
50
30
15
_
_
Union
Jun
Union
/•; 4% Feb
38%
1
—•
Co
Co
Finance
Roebuck
Company
Texas
Gulf Sulphur Co.
Tide Water Associated Oil Co.
7% May
2.50
1
Signal Oil
..
Mar
4% Aug
4%
Aeronautical Company
Security
s.,.
22
3,132
25%
5%
1
•
Sears
.
5,350
5%
25 »/4
1
1
common
Seaboard
So
25 %
48%
Oil Co
Oil
Safeway
Shell
57%
48
Drug Inc_
Richfield
Ryan
Aug
10
Corp
Oil & Gas Co
Ranch
Rice
48
676
Republic Petroleum Co common
Reserve
.309
53
Oil
Western
Pacific
55
a 59'/a
..25
Texas
July
47% Mar
52
Range Since
Shares
High
Low
Par
High
Low
for Week
Range
of Prices
Sale Price
STOCKS—
Range Since January 1
High
Corp common..—/.*
Pacific Lighting
Last
for Week
Sales
Week's
Friday
Range
Last
Par
AUGUST 20
Sales
Week'a
Friday
STOCKS—
Monday, August 23, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
(774)
38
*
Sears Roebuck & Co
&
Fuller
common
common
—5
—15
38%
-
-T5%
'•U
JV
51
15%
52
—
32%
42% May
Feb
25
13
Feb
430
48
Feb
:
"17% May-•Z
65%
Feb
&
COMMERCIAL
THE
Number 4727
168
Volume
(775)
CHRONICLE
FINANCIAL
V■/
/
STOCK EXCHANGES
OTHER
RANGE
FOR WEEK
ENDED AUGUST
20
Week's
Last
Exchange
Friday
STOCKS—
'. Range
Sale Price
'-'l
of Prices
Par
Low
for Week
Matson
Shares
Range Since January I
v'j
Low
High
for Week
Shares
Range Since January 1
'
Menasco
M J
High
Mfg
14%
2.15
2.15
2.15
300
25c
25c
27c
4,700
18c
27c
Co
27c
29c
5,100
27c
& M & M Cons (Un).
;
1,680
3 Va Mar
Jan
1.15
Jan
17%
13 % Mar
14
14
(Un)—
Navigation Co
High
Low
High
Low
'Par
Sales
Week's
Last
Sale Price
STOCKS—
Sales
Range
of Prices
Friday
San Francisco Stock
Mar
39c
Jun
51c
May
'
Air
Reduction Co
Alaska
American
Power (Un)
Ltd
<Un)„
American
Factors
Power
Amer
&
Smelting
31/4
10
3%
100
3% May
31/4
100
27/a
77/3
150
7% Aug
a3
a3
50
'
20
22%
22%
a9 Va
a9 'A
130
4
••
51%
Jan
Morrison-Knudsen
National
Tel &
Tel
American
Viscose
Jan
67
Anaconda
14
(Un)_
Co
Co
&
Armour
Atchison
(111.)
Corp
Atlas
Imperial
Avco
Mfg
May
70
Jun
Baldwin
Bcndix
(Un)
Home
55%
635
37
Mar
.'
239
31
Feb
40 % May
420
28% May
28%
29 %
12%
__
5
(Un)
100
32%
Jan
N
Y
North
7
15 %
15%
270
15'A
May
9
7
May
Feb
al4 %
a
•
a36%
a34% a36%
2
14
Co
Invest
North
American
13%
a
14%
12% May
17%
15
110
30% Mar
37%
Jun
30-
Jun
Ohio
Oil
Co
Holdings Corp
(Un)
1
Boeing Airplane Co
(Un)
5
Borden Co
(Un)
Borg-Warner
Corp
(Un)
Eureka
*
Co
25
(Un)
Continental
(Del)
Feb
40%
Feb
53 %
Feb
15%
325
10
Mar
19% May
55%
265
53% Mar
68% May
130
33% July
38
90c
37%
415
37% Aug
10%
200
10% Aug
11
58%
a52% a54%
246
54
$5
77
32%
Feb
.
10
97
19%
70
13% Mar
20% July
al8% al9%
200
17%
20 %
100
19
100
a
Mar
Apr
100
Aug
July''
a
12'A
all% al2%
55
10%
Feb
14% July
a22%
a22% a22%
52
22% Mar
27% May
3
1,100
a25%
a25% a25%
75
26
3
*
2'A
Feb
3% May
Mar
38
23%
345
21
Mar
90
10
July
7%
7%
220
1
5
—
1
5
a58% a60%
370
10'A
29
29
29%
63%
Jun
13
Jan
26% Mar
34%
Jun
103'A July
108% 110%
803
103%
Feb
128% May
10
9%
10
630
70c
70c
100
5
15%
99 %
4%
50c
Feb
May
12% July
1.00
Feb
278
12
Mar
17
16%
128
12
Mar
16% July
6%
446
15%
16%
16%
6%
Feb
Feb
70c
•
Jun
91%
108%
5
Co
10%
597
1
2
class A com
Jan
6% May
4,265
Jun
16% Mar
100
99%
•
(Un)
49
90
10%
7%
25
May
6%
6% Mar
8%
Aug
Jan
Chemical Co
Dunbarton
•
28%
28%
1,055
25% Mar
31%
Apr
15
45
45
180
34%
Feb
46 %
Jun
10
(Un)
Eastman
El
common
Bridge
(Un)
5
5
100
4%
Feb
Kodak Co
of N J
10
a42%
»
(Un)
Oil Works
Dorado
18%
a40% a427/s
225
39
18%
350
15%
18
30
Mar
Feb
Mar
5% July
43%
Jun
25
/•
-.
1st
Public
Tel
&
Paraffine
Park
Utah
10
Jun
17%
50c
50c
500
39c.
Feb
68c
Apr
a36% a363A
31
27%
Feb
41%
Jun:
Jun
459
60
"
31% Mar
35
Feb
General
Motors
Gladding
Golden
McBean
State
Goodrich
&
Co Ltd
preferred
4%
10
a64%
*
Corp
Corp common
17%
*
;—;
(Un)„_
*
a 59%
Goodyear Tire & Rubber (Un)
*
Northern non-cum pfd (Un)-™*
a 42%
3
11%
(B
F)
Co
Great
Greyhound Corp/
———.
44%
Mill
Pioneer
Co
Jun
Oil
Pure
Radio
—„
Richfield
Oil
Roos Bros
.
and
■
.
Southern Calif Edison Co com
preferred
conv pfd
preferred —
cum
Feb
38
July
15 Vs
Feb
20%
Jun
Southern
66
Feb
72%
Jan
—_
Corp
Co
Motor Car
Hudson
Hunt
Oil
—
55
Apr
Apr
39% Mar
46'A May
160
40
48
May
Pacific
Maryland Mines
Corp
16%
115
15% Aug
19
Jan
19
19 %
604
16%
22
Apr
4,850
1
5%
5%
5%
72
71
72
1,163
52%
Feb
78
•
17%
17%
17%
100
16%
Feb
22%
14%
14%
100
14% Aug
2.05
2.05
400
a32% a32%
75
31% May
35
20
Independent Exploration
-a
a32%
1.60 Jan
1.90 Apr
11%
_—33 %c
Co
Canada (Un)—
(Un)
International Tel & Tel
\;JXL
"
Co
Mining
19
May
Mar
11%
100
10% July
2.85
150
25
153
11%
Feb
16'A
65c
65c
75c
1,650
60c
Jan
92c
Jun
36%
36%
220
34%
Feb
42% Jun
1
10%
Mar
Standard
Standard
Swift
Oil Co
Oil Co
10
10%
•
55%
57%
427
43
Feb
45%
45%
.441
44
July
Salt
*
670
Lockheed
Aircraft
Inc
Loew's
21
21
21
Texas
32
July
Marchant
Marine
Martin
8'A
Feb
(Un)
(Un)
For
15
Corp
(Un)—
Carbon
U S
Universal
Utah-Idaho
Apr
35%
Jan
Waialua
Feb
10%
Apr
Warner
65
a9%
125
8%
14
Feb
24%
17
490
16
Jan
20
34
34
100
32 Va Mar
12%
12%
100
a26% a2G7/8
11
24
a26%
17
3
Apr
Feb
22
May
12
Aug
41'}-! Feb
22
Jan
55'A
5'A
Feb
Jun
5%
100
28 %
43
1,326
26
July
130
43
Aug
r37% a38%
100
26%
12%
239
7%
a7%
20
42
115
a33% a33%
37
31%
29%
29%
305
a38
a38
60
21
21%
705
29%
21%
40'A
38%
40'A
*
1
21%
21V*
21%
30%
30%
30%
—
May
2% .Jan
58% July
75% Jun
8%
Jan
29 Va July
49 Va
May
7%
Feb
42 % May
Feb
8
15
Feb
Jun
11'/a May
54
Jan
Feb
34%
Jun
22%
Feb
31%+Jun
36 %
Apr
34
May
40 V*
Jan
May
20% Feb
15% Jan
24
48%
Jun
300
15%
23 Va
Jun
100
27% Mar
1,044
.
Feb
34% May
14'A
14%
430
14'A Aug
18% May
17%
17%
285
10c
25,400
17% Aug
9c Jan
21
9c
37 Va
37 Va
532
32%
41% May
39%
40%
490
170
170
10
26%
27%
19'A
19 V*
702
29
30
1,031
29%
29%
366
25% Mar
30%
a23% a23%
224
22 Va
25
a26% a26%
139
24% May
28 Va
Jan
28 %
28%
425
27% Aug
29 %
July
33%
33%
30
54%
607/a
2,414
44
Feb
16% al6%
50
a—
—
__
5
P 10
9C
■
__
—
„
--
—_
—
28%
33 V8
607/a
a
27%
27%
Feb
30 Va Mar
Feb
122
Feb
15
513
May
21c-
46%
Jun
Jun
July
180
32%
Jun
14%
Feb
23
Jun
28
Feb
34
May
Jan
32% Mar
Jan
Jan
34
62% July
a—
—«
Jun
Feb
22
100
Jun
9 Va
alO
alO
20
45c
69
45c
a25 % a27%
64
24
30%
Feb
13% May
May
1.10
Jan
65%
25%
73
Jun
69%
251
64%
Jun
54% Jan
1,563
a78% a79%
a79 %
29
Feb
90%
Jun
Feb
28% May
Feb
16%
25%
195
a33% a33%
40
32
a58%
a59
29
27%
11%
a 14% al4%
1,511
5,810
a40% a40%
34%
34%
12'A
r%
25%
„
Mar
a59
36 %
Jan
52%
Feb
66Va
,—10
2
5
27%
Jun
19%
•
a40%
Feb
32%
Jun
10% Feb
13%
Jan
13% July
21V4 Mar
562
39% July
42% July
484
21%
Feb
38% July
13%
986
12
Aug
19
r'/a
5,037
& Aug
a76% a77%
130
68 Va Mar
82% July
44Vt Ju'y
27%
11%
11%
—
27
9%
(Un)
Co
—
—
*
—
10
a40% a40%
2.65
2.70"
a40%
5
25
40% Aug
745
2.65 Aug
11'A
840
10%
1
Co
26
26
7%
11
11
11%
330
100
(Un)
295
285
295
Bank & U T
24
162
5
40
20
Agricultural Co
Bros Pictures
Apr
A
Aug
Feb
3 Va
Jan
11%
Jun
Jun
10% July
275
Apr
32 Va
Jan
14V- May
Jan
301
Jun
May
Westates Petroleum com
Western
Mar
31
May
Westinghouse
July
Willys-Overland
»
38
38
38%
110
35
Feb
40
1
al5
al5
al5
ioo
15
Aug
19% Jun
Department Stores
Elec Corp (Un)
50c
12%
(Un).
Motors
(F W)
(Un)
10
27%
a46%
<
2,700
17
172
27'A
27%
670
i' 9%
31c
3,180
7'A
9%
.
1.00
17
1
Wool worth
95c
7%
95c
(Un).
(Un)
37% July
16% July
Feb
25
Jan
(Un)
Sugar
Wells Fargo
75
16
•
44.
234
43
—
10
Inc—
consolidated Oil
Equipment
Feb
35%
a21% a22%
—
—:
Steel Corp common..
32
35%
a9%
a22%
page
4
Jan
5
see
&
United Air Lines
59Va July
Calculating Machine
footnotes
26 % May
a2%
40
25
Oil| Co of Calif com
51
1
.
28
Feb
a
1
25
(Un)
of N J
Carbide
25
35%
17
Bancorporation
(Glen L) Co
11VV May
Feb
18 Va
27 %
65%
Union
Aug
a9%
Ccfrp.
common
8% Mar
22
80
12%
25
Company (Un)—
Ass'd Oil com
Preferred
&
Apr
5% May
20
43
a37%
(Un)
Water
20
7
(Un)
Co (R H)
Magnavox Co
Macy
146%
Feb
fk
220
10
Co—
McNeill & Libby
Libby
Jun
Aug
V*
5%
>
of Calif
Corp
Co.
&
Victor
Leslie
Jun
400
28%
*
—
Rights
5
United Bk "B"
26
104 Va
Jun
P2
;
Langendorf
May
Feb
45c
Transamerica
13
Corp
(Un)
16
a23
20
*
Transcontinental & West Air
30%
Kaiser-Frazer
Corp
Jun
Feb
9%
a68 a68%
__2
Jun
13
*
Land Co
12%
al8 % al8%
-1
Jun
30%
(Un)
Copper
Jun
137
a2%
:
Jun
13
Corp
Kern County
115
5% Aug
•
•
Johns-Manville
Kennecott
Jun
52
Jan
20 Va
a22%
-1
Union
Nickel
InterT
4
55 Va July
104
Jan
101'A May
17% Jun
(Un) —1
Idaho Power Co
136
2,531
9%
25
Co———.
Sperry Corp
Spiegel Inc com
Spring Valley Co
Tide
Idaho
2
5
Apr
July
32
13'A May
16%
—-2-6.66%
Inc
Foods
al35
35%
a24% a24%
23
25
pfd series A
So Calif Gas Co
Studebaker
Honolulu
90
4%
„
(Un)—•
25
25
Spalding (A G) & Bros_*
•
Development
Holly
i
22% Mar
157
al35
*
15
5
(Un)
Oil (Un)
24
Feb
186
97
4%
•
15
*
Sears, Roebuck & Co
Shell Union Oil
Signal Oil & Gas Co "A"
10
*
Pineapple Co Ltd—.
25
96
Jun
'
.
140
—•
Stores Inc—.
Bros
Hawaiian
25
--
Foods Inc44t——10
Fine
W
Safeway Stores Inc——
San Mauricio
Mining——w——
Standard Brands Inc
Hale
125
6 Va May
"
S
963
Feb
16
1
•
Corp
Riverside Cement Co class A (Un)
69
10 Va
50
•
10
Rheem Manufacturing Co
19%
1,830
137
96%
•
1
100
25
Republic Steel Corp (Un)
Reynolds Tobacco "B" (Un)„
32%
11%
50
16
—•
(Un)
Radio Keith Orpheum (Un)„
Railway Elec & Realty Ffd
Rayonier Incorp preferred
4.48%
480
11%
30
44
*
(Un)
Co
4.56%
Mar
546
102
137
—1
Corp of America
Jan
44%
Mar
47
52%
137
1
<Un)—_
Aug
53
29 Va Mar
30
102
42% May
40'A
Mar
33
471
,
44
•
Puget Sound Pulp & Timber——
Pullman Inc (I?a)
65
75
34'A
a30% a30%
Jan
a42 a42 %
44'A
36% Jan
305
23
a57% a58%
30% Mar
900
July
1L'%
1,836
•
.
(Un).
Mar
69
18%
100
34%
52%
*
(Un)
17
32%
*
Co_
common
——.
34%
——
100
(Un)
51
17%
21%
•
-
617
17%
15'A Mar
(Un)—10
com
317
a61% a64%
100
55%
4.32%
General Paint
1,510
34
—
•
*
Soundview Pulp Co
a39% a39%
34%
250
5%
a20Va
5
12%
Sinclair Oil Corp
a38% a40%
Jan
5
5 Va
55%
Socony-Vacuum
a39%
12
Feb
Apr
a20 Va
5
12%
Jun
a40'/8
Aug
4%
5%
55%
Jun
*
5
15
5
—10
12%
11%
(Un)
Jan
10%
25
46%
(Un)
10 Va
27%
588
-33 %
5 % Mar
Corp
14'A May
125
232
5%
Pepsi Cola Co (Un)
Phelps Dodge Corp
(Un)
Phillips Petroleum Co
34% Mar
Food
29 Va
28
12%
5
al8%
40
General Electric Co
Apr
Feb
Aug
28
12%
5
—50
2,110
21%
Jan
5
28
12%
(Un)
7%
General
—i
*
(Un)
Pennsylvania RR Co
7%
7%
80
com
Mines
Cons
a36% a36%
1
12
common
com
Pictures
50
10
Jun
11%
12
20
Companies common
Paramount
16
Radio
July
27
25
25
Pan American Airways
16
&
69
Feb
25
com
Co
680
Corp
Feb
17'A
100
Motor
900
Tele
32'A
340
Preferred
Packard
38
Food Machinery
*
730
22%
*
1.75
Farnsworth
ji:
59%
22'A
—
•
Tel
38
Jun
58%
preferred
Pacific
1.65
14%
59%
100
(Un)
Service
38
20
10
(Un)
com_
•.
.
1.70
Co
Jun
July
—100
1
3i9ff Jan
13% May
87
Apr
42%
6% Jan
20
Cement
♦
Plantation
618
17
(Un)
Eureka Corp Ltd
Ewa
10% 11%
15% .15%
Feb
—
Emporium Capwell Co
1.05 Apr
11%
Mar
class A
Corp
..
Dow
18'A July
•
Jun
62% July
11%
15
-
Portland
Jan
Jun
Feb
73
preferred
Preferred
6% May
10%
12%
.1
Corp
Lighting
<
460
1,000
30
Aggregates
preferred
Pacific
Jan
July
65%
Mar
a 10%
(Un)
Dominguez Oil Fields Co
Pacific
Apr
10 Va
17 Va
194
1st preferred
Pacific
44%
10%
23%
Co
Mfg
Jun
1st
5 %%
1.50 May
Apr
37%
*
Di Giorgio Fruit Corp
"B"
common
68c
5,900
alO*A
Corp common
Corp
6r/o
Jun
52
23%
preferred
Doernbecher
28
1
al0%
preferred.
Abbey
337
6%
50
10%
16%
85
(Un)
& Electric
Gas
22 % May
10%
♦
Finance
.
17 %i
—
Co
Coast
a6%
13 Va July
Feb
18% Mar
85
Sugar Plantation
Pacific
Pac
a6 %
8%
465
328
85
(Un)—
Ltd
Jun
May
36%
1
Creameries of Amer Inc common
Cypress
34
(Un)__*
Aircraft
(Un) —i
Curtiss-Wricht
64%
Jan
50
a
al9%
25
Continental Motors
Zellerbach
Aug
25'A
245
*
Consolidated Edison Co of N Y
Oil Co
59
Sugar
Paahau
11%
19 Va
100
—
Pacific
•
(Un)
Commonwealth Edison
2nd
100
•
(Un)_:
Commonwealth & Southern
$4
a54%
100
common
Vultee
Jan
58%
2.50
10
Columbia Gas System Inc
$4.20
37%
20
Consolidated
41%
85c
-
(Un)
Solvents
Jan
Onomea
Jun
11
'
--
(Un)
"B"
21%
19 Va
11%
(Un)—10
Cons
Railway
United Filters
Oliver
RR
Preferred
Crown
90c
1
City of Paris Co 1st pfd (Un),
Commercial
41%
25
a32% a34%
a34%
:
Colorado Fuel & Iron
Apr
4% Jun
15%
a54%
/.
Co
29 %
59%
Feb
a54%
15'A
*
vtc
Service
Feb
36
25
Chrysler Corp
Cities
Feb
23
a41
6%
a52 % a52 %
50
Chesapeake & Ohio Ry (Un)
Chicago Milw St Paul & Pac
Common
3
92
59
(Un)
Railway
Mining
4,632
a30% a30%
a30%
:
•
Pacific
4%
*
common
Caterpillar Tractor Co
Celanese Corp of America
Central
3%
5
Preferred
Canadian
5,447
a41
*
Packing Corp
15%
a23 % a23%
4
a23%
15
Byron Jackson Co
Calif
12%
15Vb Mar
pfd
6 r,k>
Petroleum
19% Mar
July
Jun
210
1
(Un)
common
Oil
Pacific
Sugar Co
Class
Bishop Oil Co
Blair
Aviation
American
American
American
Oahu
Jun
17% al8 Va
3% Aug
Feb
•
(Un)
North
Northern
Jun
18
20
V
•
RR
May
110
33%
(Un)
24
4%
'770
Feb
6% Aug
-■
a
1
Corp
May
114% May
Feb
20
1,039
65
14%
1
/'V;.V;
Service
Central
48 Va Mar
3%
54%
17%
17%
(Un)_—*
v,.;.
•.
■
Natomas Company
Occidental
13
Appliances
89%
282
6'A
6%
__
21%
15
11% Mar
30
21%
6Va
3
*.
12%
all41/8all41/8
217/e
2.50
(Un)
Bethlehem Steel
Feb
■
Linen
57% Aug
29 Va
100 all4Va
Engine
Locomotive
50%
a36% a37%
a37%
5
(Un)
Corp
975
100
a61% a66 Vb
55%
50
(Un)
Diesel
al53
North
Top & Santa Fe
Atlas
&66%
20
(Un)
Copper Mining
al5l%
*
California National Bank
Anglo
al53
a
1
Jun
155
Nat'l
100
(Un)
Corp
Woolen
American
(Un)
Co
345
350
3%
54%
—
(Un)——5
Fibres
Auto
1
American
10
National Distillers Prod
50
Aug
3% Aug
.
54%
*
(Un)
Co
Nash-Kelvinator Corp
11% Jun
:
(Un)_*
Cement com
Portland
Montgomery Ward & Co
May
27
.
Feb
,
1QO
Lode
Mother
Monolith
Mar
143 % Mar
44
a58% a59%
7
4'A May
10
Jan
20% July
:
Mindanao
4% May
Feb
2%
105
»
*
26% May
23% Mar
7%
__
*
Light (Un)
Refining (Un)
&
3%
„
1
& Foreign
American
3V2
1
(Un)
Inc
a22Va a22>/a
—
10
(Un)
Corp
Airlines
American
*
Mln Co
Gld
Juneau
Alleghany
(Un)
328
a45% a46%
125
4%
16
Mar
Feb
Mar
25% Feb
^
'
•
8% Feb
45 Vb Aug
1.80
10
Jur.
Jun
22V* Mav
33 V* Jun
lll'a' May
49
Jun
39
THE
(776)
40
COMMERCIAL
&
LISTED
CANADIAN
RANGE
MARKETS
WEEK ENDED AUGUST
FOR
Monday, August 23,/1948
FINANCIAL CHRONICLE
20
Week's
Friday
Montreal Stock
Exchange
Canadian Funds
<4
?
Friday
•
-4-'.;
Last;
Sale Price
"k
,
STOCKS—
r
Par
Abitibl
Paper
&
Power
preferred
$1.50
Acadia-Atlantic
Shoe
Agnew-Surpass
Algoma Steel
—
Co
Argus
class A
British
Light
Bank
Amer
American
British
&
Oil
Bruck
450
43
Feb
65*/4
Jun
25%
345
24
Feb
25*/2
Apr
6%
6%
735
5% Mar
7%
26%
50
24% Mar
21
445
17% Mar
22
169
167%
169
567
18
100
22%
18
22%
4%
-
Rolland
St
20%
Feb
260
24
Jan
26
26
26 %
300
*
3
3
900
15%
Feb
101% 101%
15
101%
Jun
38
100
29
Feb
39
Jun
Mar
67
May
143
Apr
"A"
New
May
27% May
1
63
25
125
45
250
37
Feb
350
11
Feb
17
59" 60%
685
54% Mar
68
Jan
60
93'/a Mar
100
July
27
preferred
1st
preferred..
2nd preferred—
New
1st
2nd
Apr
30%
170
21
Feb
21%
21%
360
14% Mar
22
Series
„w
29
29%
580
27
Jan
30
Aug
91/4
9%
9%
360
9
Mar
11
Jan
July
4*
A
—
—
—
—
$1.30 preferred
Canada
Northern Power
Canada
Safeway
5 %
4%%
Ltd
Canada Steamship
;
Corp.—
v pfd_
common
preferred
•
...
A
Class
$1.75
series
42
13
15%
16
121
15
83
280
58
Feb
38%
39
260
35% Mar
22%
22%
25
21
'
'
„
Steel
.Mar
28
50
25
195
10
2.3
Aug
30
Mar
150
10
23
895
25%
25%
15 %
22
19
15%
22
19
__
—
Pacific
Cockshutt
Plow
Consolidated
13%
Apr
30
20% Mar
'.".:Bank»—
Jan
:
6%
Dominion Dairies
Dominion Glass
preferred.,
common
7%
32
Mar
35%
35%
5
33
Mar
24%
24%
10
24
Feb
•
*
25
18%
18%
710
16% Mar/
29
29%
485
27
21.
•
Stores
21
preferred
20
Ltd.
35
16%
25
...-
•
.
Jan
37% May
preferred
Dominion Textile
;;
7%
preferred
;
common
Eddy Paper Co class A preferred
Electrolux
Corp
Enamel &
21%
32 %
Jan
35
81 %
Aug
85
Aug
40 %
Aug
44
Aug
20 % Mar
14
Feb
23
Mar
16%
25
26Mi
Famous
4.16%
*
pfd
16
Foundation Co of Canada..
Gatineau
•
18%
Power
common
11%
11%
2,402
11
Feb
169% 169%
20
165
Mar
25%
16% Mar
19% May
14% Mar
18 % May
5
11%
Jan
17%
21%
Jun
23
22%
75
16%
16%
333
22
10
18%".
19
20
Jan
Apr
110
Jan
4
Jun
110
2% -
2%
200
16
16
25
50
52
52
10
4%
pfd—
Howard Smith Paper common.
*
$2
preferred
,,,
48
Smelting..
„•
Ltd
Oil
Rights
51%
15%
15%
23%
12%
12%
23%
Jan
12
53%
July
Jun
19% May
1.95
Jun
Paper
..-
14
Jan
23
Aug
23V4 Aug
85
Aug
92
85
10
9%
9%
70
23
23
65
L.
Nova Scotia
1
——:
—
International
Power
International
;
/
Labatt
Utilities
Public
Jamaica
Ser
Limited
John
,
Feb
13
Jan
Mar
9%
21
27
Jan
22% Mar
23
20%
23
26% 27%,
98% 98%
Lake of the Woods common.—
7% preferred
i
Lewis Bros Ltd
Z<
'
MacKinnon
Steel
Struct
MacMlllan Export
Acme
25
Class B
Atlas
Brown Company
&
—
Canadian
7%
7%
pfd—
cum
Lt
Canadian
&
National Steel
Niagara
Wire
Car
Jan
12%
Jun
Mar
13%
Jun
5
30
4
Mar
6%
Jan
8
13
Aug
16%
Jan
Ltd
Vickers
Canadian
Catelli Food
Chateau-Gai
Ltd
Jun
Preferred
45
12%
45
45
6
39
Mar
53
Jun
Consolidated
Paper
Textile Mills
12%
13
678
10% Mar
13%
For
footnotes., see
12
25
11% Mar
14
Jan
24
24
75
23
27%
27%
160
44.
78% Mar
1,275
6%
6%
Aug
19
110
Jan
Jun
115
7*2 Aug
19
19%
650
15%
Feb
20%
Jun
13%
13%
50
12
Jun
13 Va
Aug
49
49
15
44
Apr
50
Jan
100
100
5
100
Jun
f00
Jun
49
10
10
13% Aug
16
16
13%
16%
22%
22
22%
335
170
170
3
35'/a
-
35*/a
25
Co
4
4%
49
49%
29%
29%
9%
9%
4%
■
49%
6%
8%
39%
Jun
July
3
Feb
43%
Jun
Apr
4% May
Feb
49 % Aug
26
Feb
30
7 % Mar
10
3%
60
25
Jan
38
2,000
'
.
25
'J
May 1
Apr
c
1,335
'
3%
Feb
6%
150
6%
8%.
6%
1.45
20% Mar
1
Jar.
24%
175
Mar
400
: 37
8
23
2%
37
Jan
Jun
13
19% Mar
162
Jun
15 % May
Feb
14
476
2'/a
35%
12 Va
8% Mar
30
10
13%
Consolidated
Standard
Div
Sec
_—
Corp
—*
*
6%
Apr
8% July i
Ltd—4—*
5
14*72
13
14%
100
18
3
Jun
16
Apr
12
Jan
18
Aug
Donnacohk Paper Cjo
East
Feb
'
32*/2
160
Jan
8
8
12
8
Apr
8
Apr
10%
275
9
Feb
11
July
7%
7%
200
5
Mar
16
Mar
20
•
25
100
100
90
20
50
35
39%
38%
<
38
8*/2 May
23
Aug
21*/2 May
->
38
May
Feb
40
Feb
Apr
30
41
Jun
Mar
45
Jan
45%
Apr
•
37
37
37%
772
37
42%
42%
42%
131
41% Mar
22
22%
200
18
Mar
26
23
23%
145
23
May
25%
Mar
52
/ 48%
July
16 '/a May
100
Feb
34
90
Aug
Feb
16
20
39%
38'
95%
85
35
39%
9% Mar
-
David
v
Apr
10%
95'/a
&
16
-19%
19%
t
2,450
29
29
i.
50
I8V2
18%
18%
29
29
'
90
Jun
pfd
49
835
32
*
*
Fleet Manufacturing Ltd —:
of
Ford Motor Co
Companies
Fraser
Lakes
Lowney
Ltd
43
May
Jan
May
38
-
_
24
11
Jun /
33
Feb
39 V2
Jun
288
20
Jan
23^8 May
10
24
Aug
23
14
4
Jan
5%
Apr
2% Mar
3 V«
Jan
6%
10
24
4
4
.2%
Jan
Feb
50
21
2*/a
;
2%,
32-
Feb
30
5
r
'
1,000
21
Jan
«
•
May T
»
-
.a7,/:/Juil /■
160
57%
58%
569
42%
Feb
62
Jun g
42
42
35
41
Jan
45
May v
5
5
100
5
Jan
5
—1
10
10
75
9
Jan
Inc
(Walte? M)
17%
17
17%
320
12%
40%
40%
41
425
36
V"'T4
14
600
10% Mar
14 y* May
26%
26%
Mar
30
May
.97 / Aug
—*
——
:'p'\
*
24%
58
*
Maple Leaf Milling Co Ltd
«
/
-*
1
-."I-:'"
V
MacLaren Power & Paper Co
-
Aug
Aug
24% .24%
Qgha(l$ cla8.8 A——*
1
Co Ltd pfd A
*
Ltd com
(Alfred)
Co
V..'.'V-,u3>
-
13*72 Aug
23
r-
10
38
20%
Paper
Hubbard Felt Co
Lambert
32
10
,
100
7%
Power
29
Feb
May
■'
21
Co class "A"—
Kootenay
Feb
21% May v
•27%--Apr
—
Federal Grain
Great
9 -V
16
10
July i
60c
16 Va
Jun
14%Mar
'
Frere
"B"
Class
"
48%
.'—4
14% Mar
159
k
25%
20
*
16
16
;
Mar
35c
16
60 c
19%
Ltd com—*
preferred
Cosmos Imperial Mills—:
5%
31
60c
60c
Limitee va"— —50
i_
*
Dominion Oilcloth & Linoleum._i
*
Feb
27
75
160
Mar
*
•
page
3% Mar
646
7%
Jun
12
Weaving
Noranda Mines Ltd.
3,775
6%
*
——*
common—•
Ltd
Wines
4%
4
107 %
Products Ltd com—
Alcohols
8% Aug
4 % Mar
100
*
common.,
Lumber
Western
,
8%
4%
—J
Canadian Westinghouse Company——*
Canadian
13%
-
1
—
—
High:;
LOW
9
7%
100
Co—
16 Va
•
Corp
Range Since January I
Shares
10
100
,
Pr
Mar
23%.
common—i
preferred
Sales
for Week
109%
*
•
Canadian Industries common.
11
25
National Breweries
Jan
10
13%
Lfd—
Investments
Gen
7,875
*
i
Feb
25%
1,000
8%
—»— —
13%
•
Ltd
37*74
23% Mar
Feb
,
12%
*
Products Ltd com
Food
Canadian
13%
976
preferred
33% Aug
10%
13%
class B
T
1
Canada Malting Co Ltd—
*
Canada Starch Co Ltd 7 pfd———100
13%
3,545
Tramways
28
25
5
•
Dominion Sugar
•
13
Breweries
Jan
Jun
20%
Montreal
Jan
Feb
•
12%
Flooring
Canada
Jun
12%
Molson
Jan
23
27
10%
*
.
70%
19%
Montreal Cottons
Aug
Aug
1
,
Ltd
39%
12%
—
July
21 %
Jun
20
21
100
common
Preferred
Burnett
Mar
20%
(Robert)
27 %
25%
High:
LOW
Co Ltd "B".'*
of VancouvLtd_5
British Columbia Packers Ltd cl B—*
29% Mar
•
Mitchell
May
2,274
Range
Distillers
&
Brewers
46
•
i
Aug
-
July
93% Aug
45
15
■
Week's
Bathurst Power & Paper
1,556
McColl-Frontenac Oil
(J Si
.
565
of Prices
12%
*
Limited
Steel
2.224
Massey-Harris
Mitchell
^
105
25
25
"
36
•
•
common
25 %
500
34%
Sale Price1
Glove Works Ltd
65%
*
class A
Jan
Apr
20
May
15
34%
34 %
Par
63
*
Lindsay (C W) common
96
34%
250
25%
Last
35
•
100
,
31% May
Feb
375
,
Jun
595
Friday
Commercial
*
x
96
Mar
Canadian Funds
64%
5
com
8% May
Mar
<
Jan.,
Montreal Curb Market
Jan
*
Corp
Ltd
5
550
—
10
*
,
103
24%
27
—10
-
35%
•'
Petroleum Co Ltd—
International
Mar
.
24
20
.20 r
21% 22%
25% 25%
—
22%
10
10
15
common
80
82
2614
—
10 / '
—
Consolidated
International
Apr
Jun
Jan
160
50
•
s
Mar
.67
'72
Jun
May
8% May
5% Mar
10
42
10
Canadian Marconi Co
853
*
International Nickel of Canada
21
69% Mar
;
..
25% July
Feb
5
25%
—
ClciSS A '
25% May
85
100
——
Mar
Jan
May
24% Mar
_25
preferred
International Bronze common
Jan,
1.25 July
15
23
49
14
1,826
25 Ve
Mar
Jun
52 %
35
43 %
45,292
25 Vo
Indust Acceptance Corp new
com.
1.40
Jan
Feb
44
3,239
1.30
17%
50
20
50%
12%
preferred
48
51
Imperial Tobacco of Canada common_5
4% preferred
25
6%
47%
Feb
23%
446
1.35
...
4%%
34%
15%
Hudson Bay Mining St
Imperial
50
:_
2% Aug
14
530
32%
•
Jan
Feb
1*)
110
16%
Feb
210
42
*
-
iCommerce
Canada
24%
18%
"
100
corn.
Mar
19
July
18% May
107%
"
Goodyear Tire
\
15% Mar
Jun
33
Steel
—
Mar
17%
172
25%
May
25
Bakeries Ltd—
Wares
29
1,160
General
preferred
July
17%
30
5%%
Jan-
13 Mi May
170
18%
General
<
20
25
22
16 %
12
21-
90
26%
—
22% July
65
22%
•
*
Players Canada Corp.-
Apr
270
r
July
27
27% May
Feb
185
21%
18%
25
4)
Mar
151
'1 42
Jan
22% Mar
26%
16
44 % Mar
1,815
,
:
19% May
16
16
23.% Jun
22
25
52
26%
Jun
72
26%
July
100
—•
—^.100 1
Jun
35
26%
134
Jan
-m
8
7
17%
*
1
——
H)
_x.
20
Heating Products
(T
169%
•
Dryden Paper
Estabrooks
11%
100
______
Mar
22% May
w
10
8%
21%
23%
Aug
109
-
-•
Royal
13
24%
—
___25
Aug
150
162,
7'%
90
—
*
Aug
12
Jan
26
Feb
lQ.5x
8%
34%
26%
Tar & Chemical common
Redeemable
.^.162
7%
Jan
27
998
81
81
Jan
16 Va
43
25% Aug
-
980
6%
6"%
78Mr 79%
—
STOCKS—
Domion
102 % May
Feb"". 33% May
5
V_.
Jan
10% Mar
35% Mar
1,060
Jun
38%
588
21
*■
>
162
7%
•
Worts——;
&
common
Montreal
121%
91% Mar
25
8%
_„
& Coal class B
Steel
Dominion
v^mm
—£
Bridge
Dominion
40
♦
_
Seagrams
Dominion Coal
j
100
1,559
—
__
common—
Canadienne
Dominion
—
;—-—.*
i
preferred
16% Aug
Feb
10
16%
35%
16%
114%
Ltd
5%"
—
100
preferred
Winnipeg Electric commonpreferred %
Zellers
—
Corp——
(Geo)
21% May
*3% M&r
2,442
*
Davis Leather Co Ltd A
Dominion
18
35%
-
*
Crown Cork & Seal Co 4.
Distillers
17%
110% 114%
•
5
Mining & Smelting
Glass
Consumers
17%
25
Railway
Steel
7%
15%
25
"~'5%
•
Canadian
101
981
22%
4&
•
• "
common——
—_—
Walker Gooderham
Jun
14 Vs May
Mar
12*/4
22%
14% May
60
21%
47%
•
:
July
39'/a July
J an
12%
12%
22%
'
preferred
United
18*/a* Jun
,
common
Canada
Co of
Weston
28
Mar
80
22%
•
*
common—;—
Sons
Wabasso Cotton
Jun
90
&
Tuckett Tobacco
Jan
15
9% Mar
H
<7%
44% May
Feb
34
July
18
15% Mar
12
5
.132
82
44
•
50
Standard Chemical common.—
Jun
•
*
•
_
50
420
12%
28
_•
A
2,360
1
Jan
160
130%
81%
43%
com„»
Canada
of
Southam Press Co..
Jan
23%
Mar
82%
82%
—4—-25
class
Class B
Canadian Locomotive
%
21
42
12%
21
Sicks Breweries
Simon
14 y* May
42
17% Mar
20%
42
25
Alcohol
Ind
Canadian
Mar
35% Mar
l27/a
25
;
—
101 %
Mar
11
25
190
•
•
——
series
Canadian 6% preferred
12
37*/a
20
.
Celanese common
$1.00
12
37%
•
•
common
Canadian Car & Foundry common
Canadian
*
98
5
99%
12
37
•
90
Canadian Breweries
Canadian Bronze
99%
99%
100
...
-.4
_
13%
Feb
235
130%
81%
43 %
—99
1
preferred
Williams
Sherwin
May
21%
May
125
102% 102%
11 11%
41
41
25 % 26%
14 %
15
—
inr<
pfd
preferred—
preferred
Shawinigan Water & Power com.,
3*/a May
2*/a Mar
30%
—-•
20
comrnqn
Jun
10%
.
25
18
14
18
14
—
100
•
Canada Cement
"
43% Aug
15%
—
4*/2 May
Feb
24%
65
137
99% 99%
12% 12%
—
100
com——* r
50
-——_49
1
Power 4%% pfd
Corp Ltd old
St Lawrence Paper 6%
25
2% Mar
355
Apr
44%
15 %
99%.
_*
*
common
Jun
Jun
65
60%
•
——•'
—
....
Paper
38
Jan
36
•
285
15 %
•
common.
Transport
New
---*
.19%
44%
•
—•
t
Lawrence
New
2^0
..4-
19
42
21
103
137
100
Quebec Power
Jun
19
16% Mar
'
3%
Jan
__
•
-
_
preferred
Provincial
22% May
Feb
26 '
23%
26
3%
_
Co
Price Bros & Co Ltd
Jan
174%
Mar
17
1,226
3%
Mills
River
Corp of
Saguenay
20
Aug
25
100
...
29% May
20%
•19%
24%
285
38
*
L
com
High
23% May
235
41"%
—
•
:
January 1
Low
24%
42
24%
—
100
—
Range Since
.
26%
160
•
common
—
preferred
Powell
Jan
•
B
6%
Api
60%
Corp Class-A
Col Power
Class
56'/2
33*74 Mar
401
25
25
British Columbia. Forest Products
British
45 %
21
•
common
preferred
Penmans Ltd
Jan
9
58
•
preferred
3%%/conv
101% July
Power
&
19% May
Jan
7% Mar
15
8%
19%
Co:
Feb
16%
100
6%
Power.
Note
2
25 Vi
100
Trac
•125
101
60'/a
/
• - ■'
Telephone
18%
8
8
•
& Paper
36 % Mar
45
•
common
Power
Brazilian
/:
25 i;
pfd
4%
Corp
Bathurst
Bell
Ltd
Corp
Asbestos
Can
of
21% May
' 39
/ Apr
17% Mar
25
H
Page-Hersey Tubes
Power
•
Aluminium Ltd
Aluminum
6,460
37%
101
*
•
__
Hign
19% May
20%
18%
—
5%
Low
880 '
L
Ottawa
12% Mar
High
17%
20
100
—_—
Range Since January 1
Week
Shares
High
Low
Ogilvie Flour Mills common.——
Ottawa Electric Rwys
•
—
37%
20'A
/<;/■
——*
A,
Sugar
preferred
5 Ve
—
—
Low
20 *
20
;
$2.50 preferred
Shares
of Prices
16%
*
common
Salea
for Week
Range
for
of Prices
Par
Week's
Sales
.
Range ,/•
Last
Sale Price
STOCKS—
.
v
>
..
IOV2
Jan
19
Mar
44
Jan
Jun "
May
'•
Massey-Harris Co Ltd—i;
6%% conv preferred
20
McColl-Frontenac, Oil 4% pfd——100
Melchers Distilleries Limited 6% pfd_10
97:
X2%
.
•
97
12% vl2%
20
..
5'
5&
25
93
Feb
12%
Feb
13*72
/
Jan
Jan
Volume. 168
Number 4727
THE COMMERCIAL & FINANCIAL
CANADIAN
CHRONICLE
Week'*
Last
8TOCKS-
Range
Minnesota & Ontario Paper CQ—.
5
Montreal: Refrig, & Storage Ltd com—*'.
1st preferred
r~30
Shares
Moore
Corporation^ Ltd-——-—.
24
20
25
73
73 Va
%
.
Nova Scotia
Light & Power 6%
pfd_100%
.Nuclear Enterprises;,Ltd--i-L.-v.
Orange Crush "Ltd—"
Pqul Service Stores Ltd-
'
110
20
24
22
29%
90;
65%
Feb
Par
Akaitcho
107
tiouboexn
*■'
Canada?;Pr Soufchmont. 1 Invest Co.
pfd--.
100
Ltd—*
.
United Securities Litnit^d:
Westeel
Western
Wilson
American Nepheline
Anglo
Hotel
% Mining
Alger
Mines
Base
Beatrice
«
Beaulieu
v
-
l
Lake
Gold
i
6c
•
29 Vac
BouscadlUac: Gold" Mines
Bouzan Gold Mines—___•
Central
Explorations
Dulama
•
Goldbeam
Mines
Gold
9c
,
Aug
,10c
6,999
.
22c
33c
Aug
55c
5c
6c
Feb
19Vac Aug
V 56c
Feb
II,000
21c
22c
15,800
9c
9c
6,000
9c
...
Apr
11c
10c
Mar
22c
Mar
——
July
Cons
300
5,500
16
Aug
10Vac Mar
2.60
500
1.65 Mar
1.20
1.23
7,700
1
W2C
9c
1
2c
2V2C
23% Mar
Mar
3,000
12c
7c
1.56
Mar
1,500
Mar
18,500
lVaC
20c
Jun
of
Power
8c
10c
3.500
7c
Aug
12c
5,300
10c
Mar
24c
lid
11c
500
11c
Mar
16c
Bobjo
8.90
520
8.50
Hudson-Rand Gold Mines Ltd
Jun
12
1
6c
6c
667
4c
Jun
11c
45c
55c
16,700
25c
Mar
55c
Lake
Shore
Mines
1
Bowes
13
1
U
11%
200
48c
50c
10Va July
.28c
28c
500
28c
50c
12%
3V2C,
Macdonald Mines Ltd
3.25
5
12
Jun
Mclntyre-Porcupine Mines
Mining Corp of Canada Ltd
Nechi
New
Cons
Pershing
Bright
Feb
(T G)
Mines
Mines
Gold
Ltd
Red
Crest
Gold
Gold
Mines
Mines
Sherritt-Gordon
Miller
Siscoc
Gold
Forest
65
Mar
British
10 %
May
1.18
Jan
1.55
1,600
2.87
3.00
54
300
1.50
1.65
100
1.00
12,450
Aug
6% Mar
80c
May
British
88c
Mar
Mines
Mines
Mines
Mines
Mines
1.75
900
4.00
4.00
4,025
14c
Class
Class
Consolidated
10 Vac
10 VaC
Jan
Broulan
Jan
Bruck
200
34%
345
34
ipe
1,500
May
20c
Feb
130
209,000
20%
57c,
Mar
89c
Feb
15c
Aug
65c
Jan
2 Vac
2,000
2c
2,000
8c
Aug
Jun
18c
class
Mar
9,200
17
Feb
38 Va
9c
22
Mar
-
25c
Jan
174%
Jun
Jan
25c
1,000
25c
Aug
65c
36c
38c
7,700
21c
July
60c
Feb
14 Vac 15 Vac
9,050
14 %c Aug
28c
Jan
10'Ac 10 %c
2,800
10c
Mar
30c
31c
3,500
28c
May
22»/2
30c
22%
1,500
22
3c
7.00
135
30c
250
l7o v Jan *
a,;;
3c-
2,000
...
19%
19%
13%
20
vAug".
13%
100
21%
25
6c
'i'
17
•»
Jun
22% May
16% Jan
23
Apr
20
25
Jun
90
July
3%
3%
1,450
3
Mar
13
13 Va
135
11'/a
Apr
•8
8%
490
26%
26%
26%
55
3
3
775
23 Vac
22c
24c
18,700
32c
5,900
*
*
Oil
*
Feb
4>kr
21% Aug
25
23
26
.
6c
Canadian
Buffalo
Red
*
Building
Lake
2.30
200
Apr
38c
6,050
22%c
41c
Jan
Burns
6,600
35c
Apr
50c
Apr
Caldwell
40c
40c
1.28
1.28
54c
1,45 Mar
600
54c
8 Vac July
536
0
5c
1.28 Aug
50c
Feb
23%
Jan
27% May
99
14 V2 May
4 'A Mar
24%
Jan
4% May
.
8% Aug
Jan
27
Mar
2
Apr
16c
Feb
35c
July
37c
3 Vo May
May
10c
Jan
Calmont
Mar
6c
19,000
5c
July
:•
3 Vac
4,000
2V2C
8.90
9.05
400
4.75
2.60
2.66
1,100
Flon
Jun
Feb
2.36 July
9c
B
Homestead
a
2.50
2.50
_»
5.85
•
OIL—.
2.55
14c
1,400
5.85
200
15c
14c
1.60 Mar
26,500
3.75
He
Jan
Canada
Cement
Canada
Northern
Feb
Jun
32c
Oils
Co
Ltd
1.69
1.75
4,200
1.25
Jan
*
Ltd
1.71
8.15
7.90
8.15
2,220
5.20
Feb
8 VaC
8 Vac
1,000
5%c
5'Ac
5%c
25,000
18
18
200
_«
<>
_
<■
—
8c
5c
-
16
July
July
Feb
Jun
2.25 May
9.65 May
32Vac
Apr
16c
July
Canadian
Friday
Last
Week's
Sale Price
Par
Abitibi Power & Paper common
preferred
Acadia-Atlantic
class
•
20
A
—
20Va
*
Preferred
100
17 %
20
20%
7
8Vs
110
Jun
18%
18%
18%
6
13'/a
Feb
20
July
16 Va
16%
16%
2
14%
Jan
16%
5.70
5.55
5.85
3,930
3.65
Feb
7.60 May
13c
lie
13c
10,810
6c
Feb
18c
Jun
39c
48c
8,908
34c
Mar
65c
Jan
2.50
2.80
2,500
3.00 Mar
58'/a
30
21%
385
9Va
9 %
165
—
16'A
17
240
182
183
26
182
July
12
12
100
11
Mar
14
May
36%
38
50
35
Feb
42
Jun
80'A
20
70
Jan
83
Jun
26%
26%
85
21% Mar
31
Jun
22
21%
22%
1,115
21
July
23
Jan
21
20%
21'/a
2,597
17% Mar
24
20
*
20%
110
16% Mar
22
—
50
class A_
C
1
—
common
preferred
2
.
50
Mar
68 Va
1'4% Mar
9'A Aug
25Va
26
85
23
11 Va
20
20
20
17
21% Mgy
Mar
•
-
16 '/a
Apr
19% Jun
98
Feb
Celanese
28
500
5c
375
7%
Aug
Jun
8c
Apr
8% Jan
Locomotive
12%
12%
25
10
Mar
14% Jun
16'/a
230
15 Va
Apr
18%
255
56%
Feb
89% July
12 Va Jun
Oil
9%
9%
14
14
14
10
13 Va
Alcohol
12%
12%
12%
85
10
Mar
14
Apr
22%
22'/a
23
445
21
Mar
30
Jan
65c
1,550
65c
July
88c
13%
"A"
1
11
Cos common
preferred
Pacific
Jun
82%
9%
Canadian Malartic
Cariboo
Jun
Jun
65c
Canadian
Canadian
5c
May
82
common
102% Aug
8Va
Jan
1
16 Va
A
Industrial
5%
Jan
21 Va
Mar
common-
Jan
18
201% Jan
Apr
20
Jan
22 »/2 May
15 % Mar
26
preferred
Car
Apr
21'A
26%
Canners
2.15
58 Va
19% May
18
Jun
48c
*
—,
Canadian Breweries
Canadian
35
8Va
12'/a Mar
1,580
150
15
—
High:
19
5c
£♦.
—
Canadian
100% 100%
35'/a July
Feb
25
8
Mar
Apr
.
Range Sine# Janaary 1
Hiah
17 %
19
__
Oil—
Surpass
For footnotes see
page 44.
Shares
Low
Feb
11
Canadian Food Products common.
Class
A
for Week
of Prices
28%
125
—
Sales
Range
,
STOCKS-
255
13%
100
Canadian Bank of Commerce
Canadian
Jan
13'/a
Class B
Class
Feb
25c
80'A
B—
Mtge—
Wire & Cable
Canadian
Exchange
Funds
15 %c
13'/a
*
Steamship Lines com^
Canadian
6 Vac Aug
34%
Feb
20
4,500
3,000
21%
Power
Packers class
Preferred
9c
7'Ac
33%
common
Permanent
Canada
Jan
7'/2C
1
Canada
;
Jan
2.40
1.25 July
6c
Jun
6'/aC
9c
50
9.10 July
2.79 Mar
3.50 May
7.50 May
99c
1
preferred
Canada
35'/a July
July
•
Campbell Red Lake
I9V2C Jan
Jan
15c
*
pfd
Jan
Jun
99c
6,000
Jan
22
*
2nd
Oils
2.08
5c
4,000
1.75
25c
*
B—
& Edmonton
Flin
6c
♦
Linen
5,400
1.50
1.70
19c
*
class
Callinan
1,000
3c
Calgary
Co
Jan
1.30
Ltd-.
1.28 Aug
&
50
18c
33%
May
«7c
5%c
Ltd
3.25
Mar
1.25
1
17c
30%
•
Burlington Steel
Jun
17,600
29c
30'/a
1
Products
37c
•
-
*
Buffalo
May
32c
1
Jan
17c
1
Jan
1.00 Feb
Feb
13%
^
11
July
'f
314
13%
23
3c
Jun
.24% Feb
6.50 July
)v,?5c
.
21%
57c
Apr
100
•
Jun
Mar
160
90%
A
Jan
3OV2C Aug
Mar
90
Power A
Canada
Co
&
9c
893
Aug
*
Ankerite
2.30
Toronto Stock
r
32 %
25c
*
12c
*
,
Ltd
Exploration Ltd
Oil Company Limited "(Un)
Gas
Jan
37 %
100
pfd
Mar
38
975
Porcupine
Buffalo
Conv
Acme
8c
100
Railway
Gold
Castle-Tretheway>—i;—
102%
25
17%
1
y
Jan
-
70
10c
.
23%
Buffadison Gold
1st
Agnew
20 %c
26'A
Mills
10c
1
Omnitrans
$1.50
2,000
2,000
27%
V
26
,
1
Ltd
(19441
1,000
2.17
5.80
Jun
1
Pacalta
1!
5 Vac
30c
•
Products
Packers
Dominion
1
Ltd
Ltd
Anglo-Canadian Oil Co Ltd
Calgary & Edmonton Corp Ltd-
Royaiite
5% Aug
9c
*
B
British
Oil Stocks—
New
common
B
1.50 Mar
51,200
15c
2c
1
Amulet Mines Ltd
Oil
Oil
Columbia
3.95
10c 10 VaC
16c
*
Ltd—
14c
65c 67%c
*
Wright Hargreaves Mines Ltd—.
Home
4.00 Feb
50
7.00
25
Columbia
British
W
1.60 Aug
3.00 Aug
1.55 Mar
American
Preferred
'
1.70
50c
Vinray Malartic Mines
Waite
Electric
Columbia
9.00
1
Ltd
Co
Steeloy Mining Corp Ltd
Suyivan Cons Mines Ltd
Thurbois
Columbia
British
1
Springer Sturgeon Gold
fltodncona
British
Feb
1.00
1
8antiago Mines Ltd
Silver
Jan
1.95
1
Dredging Ltd
Development
Manganese Mines
Rochette
1.90
Apr
*
Ltd
Labrador
Quebec
July
1
Pen-Rev Gold Mines Ltd
Quebec
Jan
400
■.
Gold
Pato Cons
40c
9.00
Ltd
Normetal Mining Corp
25c
,
167% 169%
*
Feb
•
Jun
3,000
-,<r
*
class. A
Jan
1
Aug
13%
Feb
*
;
Millon
8c
45
50c
Feb
*
—
Mines
&
1.45
55
Jun
10% Mar
l&e
20%
*
Jun
54
5
Dredging Ltd
Calumet
O'Brien
Ltd
35c
;■
B
Mar
500
Feb
May
Apr
21c 30V2C
29c
20%
14V2C
wrrfvillan Traction Light & Pwr com—*
Brewers & Distillers
5
14% Mar
Aug
.
1
3c
6,800
12c
10c
8c
33
34
Jan
Mar
Mar
10,500
33
36c
1
42c
70c
i.6%0
5c t, July
4c
'
15c
26 V2
27%
10c
Ltd
3,500
1.69
Jun
14 Va July
Fob
5Vac
1
53,700
63c
39c
9c
5
14%c 14%c
_
169
Gold
4c
1.69
Malartic Gold Fields Ltd-
Aug
Mar
1500
:
.
15c 16%c
3.20
1
55c 59%e
l
-
Jun
7% May
6c
;
1,040
y
1
Louvicourt Goldfields Ltd
Jan
75c
-11
.53,050
12%
.
Lingside Gold Mines Ltd
83
Mar
■
14 %c
.2,500
1
class
Bralorne
-Brand
14% Mar
1
0
5% Mar
*67
Mar
7,500
7c
14Vac Jun
'35c
,
.10,200
7VaC
1
Mines
Co
Boycon.
Jan
13
Ltd
Lingman Lake Gold Mines Ltd
6%C
6%c
100
-
Mines
Aug
Mines Ltd'—.
*
—
Kirkland
Wnrdulae
Jan
l
Addison Gold
18,100
5%e
Jun
A
Jan
Joliet-Quebec Mines Ltd
Kerr
A
Gold
Feb
8.75
class
River
Bidcrood
Jan
15c
*
Yellowknife
Bevcourt
6%cMar
11c
5
9c
10
116
6c
July
6 Vac Mar
.
455
10%c IOV2C
10
Mining
Telephone
Berens
Jan
Scotia
Toronto
Beaulieu
23%c Feb
1
Ltd
7
75
4 Vac
..
105
10
Bell
Jun
1
1
Jan
12%
10
Nova
Base Metals
3.50 Jan
13c 13'Ac
Jun
31c
14Va
1
Montreal
Bank
30VaC Jun
-
Apr
9 Vac
14
—
Jun
May
50c
•
Jan
ibe
Apr
9.20
49c
1
-
of
May
20c
55c
—
—
of
Bathurst
72c
2.58
1
L,td
44c
16 V4
I9%c
1
1
Mines
Mines
Bank
13%c Jun
16
*
,
Ltd
Gold
Bagamac
Bankfield
Jan
5c
500
.
6c
1
*
8c
Jan
41 Vac
3.45
50c
llc ll%c
38o
1.35 Mar
16c 17 Vac
1
z.
com
Jun
25% July
8.25 May
75
11c
65 Va
>
Jun
130
14%
.
Mar
10c
9,575
•
7VaC
-
1
-
Gold
Jan
9,200
9,500
49 %c 49 %c
1,000
1
*
iZ-—
Bank
8c
1
lie
13c
6%
-
•
—
Auto Electric
Feb
Aug
5,500
3c
14c
—
Mines
Aunor
Mar
Aug
3c
3Vac
rllc
2.58
24
22%c Feb
3,500
1,000
>
Apr
*
3c
3c
3c
Steel
Aumaque Gold Mines
Jun
5c
17c
•
Yellowknife
AUPeile Mines
Jan
-
30c
3c
21'Ac*
5
Jan
7c
Mines Ltd
Hollinger Cons
2,500
57,500
Atla*
Jan
4%a
1
•
Atlas
Aug
7c
1
12c
Ltd
Mines
Gold
31c
•
31c
,
Aug
8.75
13c:
1
...
500
11c
10
(1937)—
10c
4VaC
1
Oil—______—1
Mines
500
8.75
~
Quebec—
32c
v
Jan
67
44 Va Mar
.1,250.
4,000
2.40
:
—
16c
8.75
'
_
265
25%
2.50
.
.
,
60
.
13c
33% Mar
10c
*
„
58
High
87 %c Jan
i1
32c
•
...
46
25
1
Atlantic Oil
17%c Jan
'7c
,
Ltd
Mines Ltd,
Mines
Goldvue
12c
Mar.;
cniwmnn
Ashley Gold- A
14%c May
;
—;
Low
15o
1
Ashdown Hardware class A—
Jan
13c
Formaque Gold Mines Ltd
Heva
10c
30ca
.
Lake
4c
9c
12c
Aug
12c
4,000
May
\
•
!—
—
Jun
Aug
Ltd—1
Mines
Sullivan Mines Ltd
Eldona Gold Mines Ltd
Found
102,470
*
Mines
Corp
Armistice
1.20 Aug
12 %
9c
„
Ltd
Lake
31c
3 Vac
44%
—
—^t—-t,!,,-,-,
Warrants
Jun
12%
Mar
8c\ Apr
Mar
3,000
245
}
29
Preferred——--,>^-,^>100
May
1
—
East
El Sol Gold
Arpus
July
33%
Apr
6c
„
3c
-
1
Ltd
Gold
42c
1
Cadillac
Red
2,000
4%c
30c
1
,
1,000
6c
1.
10 VaC
llc;.
;
1
Ltdt-'l-i
Candego Gold Mines_L.
Century Mining Corp Ltd
Mines
Jan
23
Mar,
3c
4c
10c
I
I.000
llo
21<%
.
J
pahs Lake Gold Mines': Ltd.;_il—
Cortez
3Vac
;
6c
Ltd—1 !
Mines
Bordulac Mines Ltd—_
Consol
3Vac
11c
•
Dome
115
Athona
-
pfd..»..._2|
Canadian Q»-r,
Astoria
Yellowknife Mines Ltd.
Dickenson
Feb
12y8 July
9
-May:
10% Apr
Feb
50c
,
12'/a
65c
40 * 4 % C
46
Apex Consol Resources•
Aquarius Porcupine
—1
Area.Mines ——l
*/|. f 'V / n-|
Ltd.'_——_
Mines Ltd-.'——
Mining Corp Ltd-——
Red
1.20
19
27% Mar
12%
12
2,600
Ji.
1
'
f
^
Jan
11% July
//8%'Jan
33%
1.20
.
37c
22
12%
.
25
Feb
'
104
40c;
33%
«
Gold
Metals
9 Va
111
18
_
Aubelle /Mines Limited
Band-Ore
-
*4Qc
^
-
Ltd
Stocks—
Gold
110
Aug,
10 Va May
13 % Feb
10%
69c
"
Anglo-Huronlan
14
'
C)i Ltd--—
;iJ
/
100
Products Ltd
1—
Grain' Co Ltd-—
Windsor
10%
V
Range Since January I
High
v
Mar
12%-J2.%";;:
Sahgamo* I Co.• Ltd---—
•
t
May
'52
.14:15%
11% 11V4
Russell industries
1
"
'
American Yellowknife
54'.
>
Amalgamated Larder Mines
.
pfd—100
^
Shares
65c
■
^
,
Aluminum Co of Canada
5% Mar
13
Mar
•
Quebec Pulp & Paper 7$ red
Quebec Telephone Corp "A"—
i
(„
Sales
for Week
Low
1
—
Algoma .Steel,
* 75%. Apr
,
Yellowknife——
Auger'1 UDld ——Jt—^—l '
29% May
-
Week'sv
Range
of Price*
Last
Sale Frier
/;
■
/10%- Apr
110
54
[
109% Mar
13,
110
.Friday
.•/ •«"
■
■■
STOCKS—
;
Aluminium Ltd
16
50
Feb
t
Sigh
V
27% May
25% Aug
Apr
6Va
16
.
Feb
20
..:,
110
13
1st pfd—100
2pc| preferred.;/;.
'
!
/24%
6V8
*
Power Corp of Canada 6%
6% N- C part
3.685
29%
73
*
Low
25%
29%
29%"
—
1'
Range Since Janaary 1
High
24
v <
!
for Week
Low
20
Sale*
.of Prices
Sale Price
41
LISTED! MARKETS
RANGE FOR WEEK ENDED AUGUST
Frlday
(777)
15% July
Feb
13%
140
Mar
15
Jan
102% 102%
75
99 Va Mar
103
..Jun
18
5,868
12% Mar
17%
1.00
1.00
1.00
500
1.55
1.50
1.55
1,312
1.00
,21% Jun
July
1.20 Mar
2.65
;.s
Jan
1.80 ..Jun
42
MARKETS
LISTED
CANADIAN
Monday, August 23, 1948
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(778)
WEEK ENDED AUGUST 20
KANGE FOR
Last
1.25
35 c
Research
Mines
1,000
10c
2,000
7c
July
30c
Feb
3c
500
2c
Aug
5c
Jan
1.75
1.80
3,150
1.72 July
8
8
50
6%-Mar
14
100
12 % Mar
16 Ve
10
I6I/2
155
19c
18c
19c
2,000
5C
5c
5c
9,500
1.45
1.45
700
13%
13%
105
1
—
5
1—
Mines
__
■
Bakeries
Beattie
Consolidated
Cent
85c
Aug
•21c
Jan
11c
Jun
32c
Jun
121%
Jun
107/a
Feb
111
115
1,960
9
9
100
911/2 Mar
8
Jan
154
Mar
145
148
148
149
95
1.16
1.15
1.20
5,700
28%
29
225
25
Jan
30
13c
13c
500
12c
Jun
22c
5%
5%
3,100
18c
18c
1,500
118
118
5
.100
18c
118
Apr
Aug
2,000
8C
Aug
1,000
45c
Aug
8c
1,000
7c
Mar
21c
10c
Mar
20c
13c
13c
500
25
25
70
10
A_
class
B '
Mines
10
10
50
6c
Mines.
Nickel
200
5%c
6%C
2,000
Jan
1.60
Apr
101/2 c May
10c
July
48c
Feb
28c
28c
July
45c
Mar
50c
17,400
43c
July
82c
Jan
33c 34%C
5,600
30c
Aug
64c
Jan
15c
28c
45c
_
Lake
—1
_1
Yellowknile
Jun
18,800
2,000
12c
12c
Lake
Apr
11
Mar
5c
-
Jan
2612 July
Apr
1.05
1.35
Jan
1.00
23 la Mar
914
1.35
:
Dickenson Red Lake
44% May
G
12
50
9
; 3,500
21,600
21c
23C
1,600
15%
15%
305
4c
4c
4c
2c
2c
2c
9
9
25
20%c23%c
18,060
11%
400
Bridge
23c
Hard Rock Gold Mines
Carpets
11%
11%
_
6% Aug
% Aug " ;
13% May
Apr
3.20 May
1.14 Aug
37c
Jun
20c
Jun
1.15
Mar
60c
90c
1.65
15%
Apr
13% Mar
17% May
1,000
3%c
Apr
5%c
1,000
l%c
Apr
12c
Jan
3c
May
9% May
6% Mar
32c
Jan
12%
Jun
July
9% Mar
■■■X■ 1
Harker
Gold
Heva
5c
Mar
1,133
65c
6%c
500
.
Jan
May
95c
Feb
16c
•
Jan
5c/' Jun
Feb
15,550
10c
Mar
24%c
500
50c
Mar
75c
May
5c
July
,
11c
10 %c
12c
61c
61c
61c
5%c
5%C
5%c
2,000
8c
5—
12c
Aug
6%C
—
7%c
8c
8,700
Mines
Highland-Bell
5,800
65c
6c
-
—
_L——
Heath Gold
4,500
7c
65c
„_
Gold
15c
5%c July
6c
6 t'8c
Gold
Harricana
Highwood
Hinde
,
•
Dominion Coal
preferred
—
16% Feb
4,640
30c
16%
2,355
16
Aug
23% Mar
25%
315
24
Aug
27
20
20
25
_
1,825
34c
16
16 Ve
10
Dominion Bank iiW-i---.
22% May
18'/a
24
34c
„»_.
Ltd—-
Mines
„
_
Yellowknife
Smith
Howard
pfd
21 %c
Hudson
__
Huron
Erie
&
_
10
111
Jan
15%
15%
6,216
14
1.30
60,946
12%
640
4c
4%c
1,000
7
7
25
class
Machine
9%
4%c
—
A
—
—
Inglis (John) & Co_
—
__
Nickel
International
10
1.95
Jun
Jan
14%
Mar
4c Aug
7c
Feb
7
Aug
9
Jun
8%
Feb
1L
10
903
28%
125
25% Mar
20
98% Mar
29% Mar
May
102%
39%
,
31% May
Jan
Jun
35%
Petroleum
common.
35%
35%
2,790
13%
13%
26,207
11
Mar
16 Ve
Jun
53c
11,400
40c
Mar
84c
May
7c
Jan
12c
Jan
50c
50c
5c
1,500
8%c
8%c
9c
2,500
1%C
1%C
l%c
5,500
2c
2c
2%C
16c
15 %c
16c
2,000
3,200
49c
41c
56c
100,750
5%c
5%C
5%C
5.000
22c
19c
26c
21,250
28
26
29%
165
International Uranium
4c
Jacknife Gold
Jack Waite Mining
Mines
Jacola
May
,
19% May
13%
Co
International
116
May
100 % 100%
9%
—
International Metals class A
Jun
4c
1.25 July
12
July
53%c
Mar
1.40
Imperial Tobacco of Canada ordinary—
35c
Jun
113% 113%
113%
1.35
Preferred
2c
2%C
12%
10
Rights
Ingersoll
3,500
2%C
Jan
32c,
Mar
May
Jan
50%
15%
-
18c
26c
43%
28%
com_
Indian Lake Gold
Aug
500
51
Oil
Imperial
Jun
48
Feb
44
1,046
2%c
Feb
9c
42c
35c
51%
Bay Mining St Smelting—
Malartic ■■■'
Hugh
35c
9.70 May
Feb
May
5c
9,900
23c
20 %C
35c
_
Jan
5.35
5
48
5
Howey Gold
Hoyle Mining
,
Jan
15c
20% July
25 %c Mar
1,000
10,800
48
34c
34c
Gold Mines
Hosco
5c
38c
5c
_
2.740
8.20
7.90
Oil
Home
1,595
8.80
8.75
8.80
8c
Aug
Mar
7c
18
3%c July
8c
July
3%c
Apr
4c
l%c Aug
Feb
'
33c
1814
18%
Mining
Sarcee
Dauch
&
Homer
J
Diversified
Mining
Highbridge
_
Distillers Seagrams
Dome
40% Mar
90c
Swayze
Harding
15% Mar
65
115
1.20
Halliwell Gold
Hamilton
626
6%
90c
Gypsum Lime & Alabastine
Halcrow
18
42%
1.65
««
Gunnar Gold
19c /■ Apr
10c
45c
25
Davies Petroleum
Jan
30c
July
7%c
D'Aragon Mines
Jan
6 % May
4% Mar
114
May
10c
45c
Leather
1.35 July
Mar
70c
45c
1
Aircraft
Red
Apr
*
Patricia
Discovery
July
13c
-100
Trust
Red
Jan
54c
9
*
Mines
Crowshore
Dexter
163/4 Jan
3,242-
28,900
common
Crestaurum
Detta
;
4,500
17c
Cournor Mining
Denison
1.51 July
Apr
Apr
63c
115
„J_5
Press class A
Exploration
Delnite
Saddlery
Mines
Hasaga Gold
7%c Feb
14c
14c
Imperial Mills
Class
1.40
12
Feb
27c
Mar
5c
July
17
Feb
16c July
14c
•
Gas
Consumers
Davis
14% May
60c
63c
.1
Consolidated Mining & SmeltingConsolidated
Cub
Aug
8
13c
'
2
Mines
Cadillac—
Consolidated Homestead Oil
Crown
Jan
2.45
—
_
Mines
Lead
Gulf
18
12
com.
V : *'V
Consolidated
Bit
3.00 Mar
Jun
2.20
2.43
West
Great
Guayana
Jun
42
__
Felt
West
—
Consolidated
Craig
Jan
3c
Plow
Yellowknlfe
Cosmos
Apr
8%c
10c
Lake
Conwest
65c
14
; Class. A.
y
Mar
Mar
•
1.80
.
Willans
Cockshutt
Coniagas
4c
2.40
Cochrane Dunlop common
Coin
30c
1,000
10c
Malartic
Cochenour
Colomac
800
5c
May
& 3c
Gold
Cltralam
10
—..
Mines
Ohesterville
Chimo
35c
Jan
33c
Mar
7% Mar
615
9%
5c
Chemical
Cheskirk
.
9%
35c
9%
Wines
Chateau-Gai
13c
13c 14 %c
..1
Porcupine—
Central
preferred-.
Jan
1.40
1.05 Mar
8,350
1.25
1.18.
A
Great
I
High
20%
6%
18
Great Lakes Paper common
July
46c
I
Low
High
Low
Pa
Range Since January
Shares
of Prices
Sale Price
,
High
July
41c
1,000
45c
44c
vCentral:Leduc—u---.--,—
Central Patricia Gold Mines.
STOCKS—
January 1
Low
High
low
Par
Range Since
Shares
of Prices
Sale Price
STOCKS-
for Week
Last
for Week
Range
Sales
Week's
Friday
Sales
Week'e
Frlday
Apf TV V
16
30
Jan
65c
July
Feb
Consolidated
M
Joliet
Jun
Mines.
Quebec
Kayrand Mining
Mines
Kelore
22
__
Gold
Joburke
Kelvinator
2c
15c
July
July
58c
Feb
25c
Mar
56c
Aug-
14c
Jun
27c
Jun
5c
Apr<
15c
July
24
29% Aug
Apr
Preferred
7%
35
_
_
8%
24%
9%
Jan
25%
Jun
7% Aug
21
24%
5
23
Apr
Jan
25
25
25%
165
22
Mar
28
9
9
300
6
Mar
—
1
Dominion Foundry 8c Steel
Jan
50c
10c
10c
2,500
10c
Aug
13%
13
13%
2,135
11%
Jun
15
Jan
8%C
8%C
10c
21,650
8c
Apr
22c
Jan
45c
45c
1,000
36c
Apr
60c
Jun
1.32
1.30
1.33
2,700
12 %c
12 %c
13c
2,000
15
Kenville
Gold
Golden Gate.
12% May
*
Magnesium
Dominion
7%
24%
com--
_
_
Kerr-Addison
Kirkland
Dairies
Dominion
Kirkland-Hudson
Kirkland
Dominion Steel & Coal class B—_
Dominion
Stores
Dominion
*
Textile
13%
175
24%
24%
—
19% May
Feb
716
16%
16
16%
25
„
21% Mar
26%
Lake
Kirkland
Townsite
I
Gold
Dulama
Mines
East
East
Amphi
*
—
;
-r
2.62
—1
Mines
*
7,200
24,000
Lake
30 %c
Jun
Jan
Lake
Dufault
Lake
12c
,
4%c Aug
1,000
6,500
5%c Mar
10c
Jan
2,500
26c
Feb
50c
May
8%
1.33
1.40
2.55
2.62
1.33 Aug
3,350
8
Feb
3.50
Jan
24c
32c
31c
33c
8,000
1
1.22
1.18
1.25
88,900
55c
Mar
14c
12c
14c
10,000
11c
July
1.90
Gold
74c
July
1
Mines
Gold
1.90
2.00
3,820
May
10
6% Mar
330
8%
2.08
1.64 Mar
-
2,100 "
1.54
25c
Corp
_
4.55
Apr
•
Famous
16%
Players
Preferred
TOO
___
Products
--
__
Preferred
10
-
976
16%
15% Mar
38%
4%
100
92
92
25
•
\
47%
Mar
34
375
40
I-* OO vVt
3%
Mar
7
-
7c
4%c July
4%c
5c
2,000
10%
100
7%
25
12
12
25
11
Mar
690
2
Jun
225
21
7%
La
•
2
•
class A
Canada
—
*
Gold Siii
24%
9c
•
*
Frooisher Exploration
1.75
•
Gatineau
Power
preferred
18%
common
\
V:\"
■
1'.
•/'
104%
.%.—
*.
'
.V
*
2%
'
24%
9c
1.75
1.80
18%'
18%
104% 105%
2%
1
Giant Yellowknife Gold Mines—.
—
1
Lake
: .Globe * .Gil'
7 VeC
66c
—
"U"
Larder
Goldcrest
Lebel
Jan
7%
'
7c
1.000
12
3%
27
Jan
15c
Apr
2.29
1.30 Mar
3,050
2%
Oro
Leitch
Gold
Jan
May
May
July
Feb
3.00
Feb
5.40
July
6.95
Feb
4%c
5c
2,500
3c
Jun
3%c
1,500
Lingman Lake Gold Mines
Long Lac Gold Mines Ltd.
Class
B
Jan
Feb
37/a
2% July
4/JOO
5,600
1.10 Mar
1.25
Jan
7c
7c
500
6%c July
16c
Jun
7c
500
6%c
Apr
14c
Jan
30c
3,100
25c
Julv
59c
72c
2,558
67c
July
30
365
26 Ve Mar
31
150
24%
Apr
29 V2
40c
Mar
1.50
Feb
6c
Aug
11 %c
Feb
C.
6.10
2.90 Mar
Jan
6%c Aug
14c
Feb
Mar
CO O £
1.09
Jan
4,050
48c
Mar
16c
500
11c
Apr
19c
10C
10c
3,000
10c
July
16c
Jan
7c
7C
8c
2,000
7c
July
14c
Mines
2.65
2.65
2.80
27,425
1
■———
Mining
—
5c
4%c
3%c
5c
3%c
lie
2.80 Aug
1.95 Mar
16c
3c
4,000
Mar
Feb
9c
4%c Aug
5,500
11c 11%C
A
For footnotes see page
10c
Mar
25%c Jan
1,100
2c
July
4%c Mar
2c
110
110
112
25
101
Feb
52
-
•
class
59c
7c
2.23
2.33
1,915
Jan
»Jan
52
52
120
49
Feb
10%
11%,
160
y
/
Aug
Mines
2.33
—
Macfie
9c
Red Lake
23,900
40c'
July
9c
1,000
7c
July
85c
85c
Aug
63c
Gold
1,300 V
10%
10%
535
7%
7%
7%
2.27
2.26
2.35
18c
18c
500
1.65
1.70
4,600
2c
2c
3,500
14
13%
14%
10%
A
B
9
510
1.67
MacMillan Export class
Class
Mines.
Consolidated
.
,
1.50
i.
Jan'
1.54 Feb
11
,
!;
July
•
J
3Ji^
Aug
'
;8%May
Feb
2.25 July
16c
;■
/
12c
>
4% Mar
2,050
Jan
1.95. Jan
3.00
2.20 July
72c
9c
85c
68c
MacDonald Mines
;
40c
i
Jan ;:
,Feb
i
rj
1.95 Jan
Apr
Manitoba
Eastern
&
Milling-
Leaf
Marcus
Aug
4c; May.
Mar
14 V* May
Aug
31c,
'^n
£
16
Mar
23
135
24
Mar
30
July
May
/
18
25
18
Apr
8
25
975
765
%,C
1.500
19%
20%
1,222
27
26%
27%
18'
18
8
9c
9
,9c
20%
Gold
:
2c
11
9c
;;
common
Preferred
McBrine
(L)
pfd—
Grain class A.
McColl-Frontenac
10
May
12%
13
97%
97%
97%
35c
100
35c
McKenzie Red Lake
McWatters
Mercury
Red Lake Gold-
15
16
Feb
May
100
9% Mar
90
t
July
'
700-
35c
July
75c
Jun
Mid-Continent
Apr
Milton
July
2,500
8c
Jun
29c
11 %c
750
20%.
655
15% Mar
6%C
18,100
5%c Mar
1.75
6,200
20
6%c
6%c
1.30
Oil
Brick^u.^*....
Mining Corp
9c 10%Ci
12 %c 12 %c
20
Mills
53
11
9%c
Gold
118
•
12%
common
18% May
9% Jan
7% July
'
Jan
Jan
4,800
2c
1
♦
Mackay
;
—
Goodyear Tire common
Preferred —...——— ...—
15,300
2,000
55c
6%c
Lynx Yellowknife
Apr
1
.......
29%
Feb
1.50
May
*
Porcupine
28%
,
May
52c
1
_
71c
29%
Jan
58c
16c
)
1.19 May
Mar
'90c
59c
Goldfields.
Louvicourt
Madsen Red Lake Gold Mines.
—1
_
Aug
1.15
29%
Magnet
-
Jan
5c
2%c July
60c
Jan
17%
Mar
85c
30
:
Jan
4,000
71,000
3%c
71c
Loblaw Groceterias class A
Jan
67c
65c
5c
12
Jan
8c
3%c July
115
28c
-Little
20
jx
14%
11c
1.10
Lexindin Gold
McMarmac
Gordon
1.95 Aug
847
May
1
Gold
Mines
Goodfish
365
5.60
7c
Gold
108
1,096:,
Jan
1.13
Ltd.
Mines
Aug
6,500
.
May
89c
.
Mar
4.45
70c
1
14% Mar
25c
7c
Oil
18
8%c
10% July
2,200
2.34
5C
Mines
101
7c
1,345
33c
14%
25
4.40
Jan
15c
7c
11%
5.50
1—
20
400
6%c July
500
7c
11
3%c
Preferred
Goldvue
Jun
Mar
8% Mar
Aug
*
Arrow
Goldora
86c
38c
May
16C
1
Golden Manitou Mines
Goldhawk
13,700
2.34
Laura Secord
McCabe
Golden
74c
Mines.
Leduc-West
56c
*
Gold
Mines
Goldale
Jan
71c
4%c
Massey-Harris
God's Lake
6%c
5.60
Lapaska Mines
Maple
Gillies
7.75
2%c May
_
Malartic Gold Fields
'
Bakeries
General
4.10 Mar
2,000
32c
MacLeod-Cockshutt
Francoeur
1,345
3c
11%
Gold
Macassa
of
24
5.55
7c
Luz Mines
Lamaque
Jun
11% July
Feb
Jan
24
Jan
103% May
Mar
85
'
12
Fittings Ltd class A
Fleet Manufacturing Ltd
Ford
Mines
Mines
Jan
5.05 May
3.60 Mar
260
7%
*
common
4.45
16%
10%
4%C
1
Kirkland
Federal
4.15
4%
*
_
-
40
1
Fanny Fanner Candy Shops
Federal Grain com
Fibre
4.45
•
Jun
5.50
73 %c
Rowan
Shore
Lencourt
Falconbrldge Nickel
25%
24
Exploration.
.
1.15
Jan
Mar
23
Jan
33c
Jun
7c
8c
6%c
35c 35 %c
1
.1
Mines
Eureka
V
-"Vl
Steel
Sol
20c
5%c
6c
•
Sullivan
Eldona
Aug
Jan
17% July
8c
_1
Malartic Mines—
Elder
16
17c
100
16
19c
4%C
19c
5.50
Ltd
Labrador Mining &
Laguerre Gold
_
East
El
20c
4%c
Feb
1.10
Mar
51c
Lake Wasa Mining
East
Eastern
-
1
Oil
Leduc
9,300
13% May
Feb
11
175
63c
16
*
—
Oil
Crest
11%
60c
-
Ltd
Duvay Gold Mines
East
62c
*
Mudge class A
Donnell &
11%
_100
common
Mines
Jan
Apr
3c
(John)
Labatt
Donalda
1.78
1.27 July
11c
Jan
1.15
•
,
8.75
8.75
800
Apr
«.
18c
21
lie
Jan
Jan
Jun
Jan
Aug
Jan
6.10 Mar
10% May
1.15
44.
i'i
COMMERCIAL &
THE
Number 4727
.Volume 168
CANADIAN
RANGE
Friday
Last
Sale Price
STOCKS—
Par
Knitting
Monarch
Moneta
common
1
Porcupine'
Montreal Locomotive
__
•
-
-
Moore Corp common
—
—i*.
73
Friday
;
3tc
3Gc
16
50
72%
ft
Mar
65
May
National
25
-
Steel
Car—
'
>_
■
12 %C 12 %c
23 V8
(Wm)
preferred—
_
25
76
Mar
102%
103
v.ft
70
100 Va
New
2.28
2.35
10,901
1.43 Mar
3.20 Apr
15%
15%
223
11% Mar
16% Jun
11% Mar
16
Breweries
•
common
if.",'•• ■••-7;
Marlon
New
New
Pacalta
40,097
31 %c July
18c
15%c
18c
12,500
15 %c Aug
15%c
14c
17c
157,900
*
/;■
9 V2C
8c
10c
5,708
Gold
Oils
certificates
trust
20%
Jun
20 % :JUA
205 :/
15
15%
52c
50c
53c
83,550
35c
Jun
70c
Feb
38c
36c
39c
51,500
20c
July
48c
Jan
9%
10
169
9% July
12%
Jan
8%
3%
105
8% July
11%
Feb
305
__
1
Mines—,
.
Silverwood Dairies class A
.
Class
B
_
MM-. 10
*
—
May
'
__
56c
•
28
28'
28%
•
Class B
Preferred
Aug
23
23
23%
75
18
Mar
99
100
50
96
Mar
101%
Jan
38c
40c
8,655
34c
Mar
55c
Apr
26c
27c
2,000
25 %c Aug
39c
Jan.
1.35 '
9,400
1.18 Mar
100
31c
Jan
Siscoe Gold
Jun
28C
Jan
Sladen Malartic Mines
8%c July
33C
Apr
Springer Sturgeon
July
Stadacona
12c
1
6c
6c
6 %C
8,500
4c
11c
10 %c
12c
26,900
4c
Mar
5
1.25
1.20
1.25
2,030
48%
8c
Mar
•
Yellowknife
—
__
Mines
Nipissing Mines 7——
1.04
Mar
24
Jun
31
26
Jun
Mines
•
48%
l
11 %c
•
2.99
1
1
I
Malartic
Standard
1.50 May
52
Mar
43
__
1.35
(1944)
Paving
1.26
53%c
Chemical
Preferred
Noranda Mines
Nerbenite
39c
1
*
53c
54c
3,200
6%
6%
275
6%
6%
19%
5
__
1.56 May
Jan
68c
Mar
49c
'5% Mar
8 Vb
May
200
4%, Feb
8%
Apr
19%
173
17 % Mar
5
230
,
:
Jun
16 Vac
Apr
1
.
*
Standard
Nicholson
30
.
Norzone
Nib
25,500
56c
1.57
__
1
1.63 Aug
Mar
1.57
42c
1
1
New
75c
1.45
55C
•
Mines
Jason
20
Jun
103%
Apr
1
Calumet
New
High
2.32
Simpson's Ltd class A
•
Low
%k
1
Silanco Mining
Feb
2.99
1.91 Mar
5,400
•'ft
Range Since January 1
High
20%
Mar
26V\ May
18 % Mar
350
2.10
Low
20%
Gordon
Voting
Apr
27 ft/ Jun
/:37c
Jun
10c
1,000
23 Va
2.05
102%
100
_
22%
2.10
•
——* /
Negus Mines
Neilsons
26%
1
Mines
Shares
—*
-
8ilver Miller
Preferred
Mylamaque
for Week
18 Va May
.
Feb
15
26%
Sherritt
Sick's
155
73%
26%
14
7
54c
pfd
Range
of Prices
;•/.•.
Par
Shirrlff's
Jan
15%
Sales
Week's
Last
Sale Price
High
'
Mar
28c
3,000
16
ip/kM/ft-''
STOCKS—
Range Since January 1
7 Low
13% Aug
200
14
'
■
High
43
AUGUST 20
Sales
Shares
of Prices
14
(779)
MARKETS
LISTED
WEEK ENDED
FOR
for Week
Range
Low
14
_*
—
Week's
FINANCIAL'CHRONICLE
6%
•
common
*
—
_
__
21% May
May
49
1,485
10%c 11 %c
1,500
10%c Aug
2.85
3.05
30,550
1.50 Mar
6%c
5%c
6%c
30,000
4c
Jun
10c
Jan
5c
5c
5c
4c
Apr
10c
Jan
45c
44c
45c
1,000
20,500
14c
Apr
48c
Aug
2c
2VaC
2,000
2c
July
Standard
Jan
24c
f
Radio
Stedman Bros
'»■
A
class
*
_
5
4
Jun
5%
Apr
*
14%
14%
14%
165
12%
Feb
15
July
•
—
78 %
78'%
1 81
79%
oO
67
Feb
80
May
35
72
Mar
,
Normetal
Mining
Norpick Gold
Mines
Steel
3.05 Aug
Co
Canada
of
common
Preferred
25
81
82 %
•
i t't
Norseman
North
Mines
Inca
Gold
-j.
•!
Northland
Mines
North Star Oil
Preferred
(1940)—
1
-
s,
f
coifnmon
4%
ft
4%
5%
5%
tf%
100
1
1.75
1.70
1.79
12,750
*
.53c
50c
55c
1,500
50c
♦
1.28
1.17
1.30
5,750
92c
O'Leary
Malartic
10c
10c
1,500
10c
Mar
Omnitrans
*
—
Exploration
57/b July
Jan
5%
1
Orange Crush
*
Orenada Gold
5%c
5%C
5%c
5c
5,600
6
Apr
1.40 Mar
July
Jun
90c
—
Oslsko
Lake
Mines
16c
16c
6%
195
6
Mar
10%
Jan
500
5c
Mar
11c
Mar
Pamour
65c
62c
67c
10,700
19c
17c
21c
1
Tubes
:
1.30
11,400
16,000
Porcupine Mines Ltd
•
_•
38%
1.15
Jan
70c
1.30
1.35
147/bc July
Feb
80c
1.48 July
Mar
38%
Feb
1.06
39%
Farbec
Mines
1
Malartic
1
—
1
Pen-Rey Gold Mines
1
35c
Gold
1.55
Jan
1.08
1.15
4,658
4c
1,000
4c
Aug
8c
Piccadilly
1
5c
Pickle Crow Gold Mines
1
1.85
Pioneer
1
Porcupine
,
Porcupine
Peninsular
Porcupine Reef
Powell
l
3C
1,500
2c
May
5c
Mar
35c
35c
33c
3,900
46c
Jun
Jan
24,800
10c
20c
Feb
65c
Apr
82c
Feb
5c
2,950
1,500
4c
Aug
16 %c
.1
Rouyn
Gold
1.85
1.90
2,295
1.85 July
2.30
Jan
2.30
2.30
125
2.30 Aug
3.50
Feb
14c
75c
4C
1.000
-
Mar
49c
55,500
45
420
66c
4,000
50c
50c
50c
Dome
—
13,200
15%
230
37
56c
Jan
Feb
45 % July
Mar
88c
11
14%
72c
Aug
1.55
900
14%
1,300
2.10
1.50 July
14%
Jan
Feb
17% May
Feb
1.50
1
Proprietary Mines
55c
15%
July
37c
43c
60c
Jan
May
44%
66c
25c
5c
47c
*
East
8c
44%
1
Corp
Preston
8c
•
1
Voting Trust Certificates
Power
8c
Mica
13 % May
ff.
y
5%c
Mines
'■
-1
Gold
66c
.1
Jun
1.32
1.39
3,745
30c
35c
1,500
.50%
1.32
*
__
78c
4%
Aug
5%
Jan
Jan
10 %
Jun>
i
2.50
2.50
2.54
5,042
Thompson-Lundmark Gold Mines
•
30c
30c
31c
5,200
Thurbois
1
6c
6c
6c
11,700
1
82
80
82
9,900
175
175
Gold
Mines-.
.
Mines
Silver
Mines
•
5%c
1,000
5%c
Union
•
Corp
class
B
United
Fuel
class
A
65c
68c
9,100
55c
Mar
*
preferred
Hill
Keno
•
90c
90c
21,500
52c
Mar
90c
J&y
86c
13%
520
1.80
1.80
100
5c
5c
1,000
7%
7%
6%c
6 %c
6%c
14c
14c
1,600
15
70
10c
27C
1,000
3,800
25%
24%
25%
495
10c
Jtc
3,500
17%
(1936).
.1
17%
17%
645
„
—
—
class, A_
.
Co.
Royal Bank *.«
Ltd
.10
Mines.
Russell industries common.
Lawrence
60
,
•
•10%
Corp com.
preferred
A
.50
St* Lawrence
,v
.
10%
10%
20
43
40%
43
275
130 %
Paper pfd
preferred new
1st
10% Mar
Western
1.02
Feb
4c
Apr
9c
43%
8%
7% Aug
Jan
25
Jun
48
48
50
45%
—
15
15%
123
13 % Mar
1.40
1.25
1.45
9,645
1.15 Mar
7
7%
275
1.60
1.64
1,700
.
5.85
26%
26%
230
11c
2,000
33%
33%
33%
13c
14
28c
Aug
35
32%
32%
105
32
160
22
99%
99%
20
7c
5%c
8c
3,500
5%c
2,000
1
7c
—
Yankee
Girl
*
*
i
Knitting class A
*
795
26%
2.60
27%
2.66
3,210
4c
27
2.66
—*
—
4c
500
6%
6%
6%»
235
9c
23c
Toronto Slock
Mar
5c
Jun
20%
12c
,
July
Jun
Mar
28'A July
2.90
Jan
9c
3%c Aug
6V4
Feb
11c
-
Feb
2.25
!
;
Jan
101% Jan
,
Jan
v'/ft-v 8 %
Jan
Exchange-Curb Section
5c
43%
10%
34
Sale Price
Pulp & Paper com__*
May
25%
Jan
Canada
Jan
Canadian Marconi
23c
Mar
Feb
19
British Columbia
Co
t,
common
Preferred
Sugar
Dominion
&
3,312
14%
30
45c
46c
7,500
21%
22%
:
/
)
30
>
ft;
May
1/250
72
Mar
135
Jun
3%
4%
875
280
80
■?
18%
18%
140
15 %■
12%
12%
45
2
2
CO
1.50
Apr
4%
4%
4%
550
3%
Feb
49%
*
—
€% Jan
Feb
Mar
115%
;•
.
Jun
14
Mar
10
Jun
20
Apr
100
Mar
39
Jan
Canadian Westinghouse
49%
49%
Apr
Coast Copper
Consolidated Paper
1.15
1.25
200
l.OO-Aug
19%
19%
19%
920
14% Mar
38c
39c
1,700
33 %e Mar
4%
4% '
Dalhousie
Oil
Disher Steel
common
29
Bridge
Feb
Donnacona
Jun
12c
Jan
Foothills
7%c/July
17c
July
July
j
4% May
!
3
-
51%
{
Jun
2.25
Apr
21 % May
,
175
.
50
55
29
2% May
Feb
27
20% Mar
Jan
60c
.
<
|
5c
4.35
Aug
23%
*jj
Jan
21
21
21
560
3.00
2.80
3.00
1,000
26
Paper
OU
2G
26
14
May
16%
Jan
38c
Mar
67 %c
64%
63'A
24%
24%
30C
30c
45c
3,000
26c
Feb
60c
May
7c
7c
2,500
6c
July
8c
Jan
Jun
2.60
50
20
Feb
65
1,060
46
Mar
24%
475
20
Feb
-
f
4.10 Jan
34
Apr
./
70% Jun
;
Feb
International Paper
common.
20%
Feb
10c
1,000
9c
3,300
98c
23%
July
1.18
Mar
20c
1.23
Paper.
.28
-May
.
Jun
Feb
May
Southwest Petroleum
Temiskaming Mining
3
9p i
'
.M
;•
ftp:,, "-y
A~'- ft:
ft-,' ft'V'ft
iJIfirM
,
-
•
'
v.-
• if
•/ftp/tP/ft ft;./';ftft""■
'ft-ftilftftftftft'.ft ft-
ft/'n/MPMP'/'/
>?*:'<•"/
■
r
" :•///■ :ft4""
ftft-1-/'//'//ft
-■in-
.
i
>
,
For footnotes see page 44.
;
5% Aug
33% May
Jan
3.00
10c
_
Jan
16%
Aug
1.14
Mines
Gold
Ml 18
25
107% 109%
109%
12%
Vinegars
Minnesota & Ontario
Water & Power
115
High
LOW
5
26%
45
Feb
Mar
44
147/s
(1945)
26%
4
118
-1
—100
—
Hayes Steel
45c
Ranee Since January 1
May
Aug
500
Ltd
Shares
High
Jan
43
3,000
A
lor Week
of Prices
Low
26%
49c
210
3.20
Senator Rouyn
Sales
Range P
Last
17c
23% Mar
13
*'
Week's
Friday
Apr
Aug
Aug
7%c
'.MM
5c
!
Jun
36'A May
28
97% Mar
*
11
July
5%c
,
33%
Feb
99%
i
Jail
19%cMar
July
25
1
York
Feb
24%
Wiltsey-Coghlan
16% May
85
3.00
v'u
14 Va
-
Aug
26%
Feb
9.45 Aug
31% May
Aug
9c
32%
Wingait Gold
Apr
134
7%c
Creek
ft.v
Feb
Aug
.5%c
Sheep
7.20
Jan
24%
Par
Mar
3.05
Shawkey
13
13%
.
Mar
24
175/
13
10%c
__
Apt
8% May
2;35 Jan
ft:
5.15 Mar
4.60
May
1.95
5% Mar
755
__
16 %
1.50 July
5,326
26%
49% Jun
Apr
*
Preferred
Jan
Feb
Feb
82
5%c
Gold
Mines
sfowlnigan
r
•
A—
class
com
Jan
63c
16
9.10
1
—
Aug
/
60
5.55
Jan
110
Sand
class
Mar
21
8.9C
2.15 May
140
82
43%
;
'San Antonio Cold Mines Ltd
Scarfe
Aug
85c
100
(Geo)
Dominion
River
175
108
Jun
172
100 %
21
5.85
*
Grocers
Weston
15% May
330
130% 131%
82
2nd preferred new
Sannorm
July
10
9.05
*
A—
Canadian Western Lumber.
St
Jan
85c
Aug
•
W)
&
(G
class
Consolidated
Products
Westeel
Canada
Rupununl
21c
July
■
Brown
Gold
Oils
5c
79c
7
•
1,000
25c
A.
.73c
(Little)
Rochette
49c
970
7%
Asbestos Corp
Roxana
Feb
Aug
July
29c
7%
—*
j,_
(Hiram)
Waterous
Wekusko
Jan
13
10c
class
—
Gold
Robinson
Jan
3.50
Aug
1,000
39c
15
-1
Textiles
Richmac
2.35 July
Jan
Feb
7%
—1
Gold
Gold
51%
,
7'A
1.63
STOCKS—
Reno
Mar
45
1,200
7%
1
Ltd
Amulet
36
37c37%c
—
•
Steel
Upper Canada Mines
8
100% 100%
100%
—
50
25
preferred
Waite
,
•
Resources
Gas
United
175
50
Mortgage
Transcontinental
Winnipeg Electric common
8%c Mar
Jan
100
Toronto General Trusts
Wright-Hargreaves
42c
13 %
Macdonald
Renfrew
Jan
Jan
61c
9%
Jan
76c
.
Mining
Regcourt
1.99
1.25 July
27 %c July
90
Canadian Fnnds
Reeves
,
2.05 Jan
10
50
■
common
Feb
15
42c
Quebec Manitou
Quemont
99c
;
Quebec Labrador
Queenston
1.566
1.26
100
Ymir
Purdy
1.28
1.27
10
Feb
13c
1
Gold
River
Powell
--
Mar
50%
4%
Walker
Gold
21c
4%
Mar
3c
71c
13c
1
Aug
July
9%
Ventures
Perron
21
15c
10
United
Paymaster Cons Mines—/
18% Mar
4%
B
Paramaque
20
1,000
16c
*
Jun
Apr
28
45
38%
'4c
1.13
'
Jan
21
21
—
1.95
Apr
50c
k
Jun
-fel!
2.40
16c
21
1
Mines
ft'!
1.68 Mar
1
United
Page Hershey
-v
4,290
1.93
"
1
:
pfd
Ltd
Teck-Hughes
Jan
8 Vac
1
Petroleum
M
1.92
">
1
Gold
Pearson
Toronto
Pacific
'•'••*
;
Preferred
May
6
1
Mines
"?
10
Taylor,
Torbrit
Osulake
r-
Mines
Gold
River
Tamblyn
1.84 May
8 Vac
1
Cons
Sylvanite
Taku
'
July
"
,
Mines
Gold
River
Sullivan
2.20 Jan
.
Aug
\
Oils
.ft}'
Feb
4 VaC
3'% Mar
500
5
Ogama-Rockland
Okalta
'C;!
Sturgeon
ft/.!,;
•
O'Brien Gold Mines-...
•
Steep Rock Iron
Stuart Oil pfd
ftftv: ft
"'
COMMERCIAL
THE
(780)
44
&
Monday, August 23, 1948
CHRONICLE
FINANCIAL
OVER-THE-COUNTER SECURITIES
Quotations for Friday, August 20
*
: '
'
Obligations Of Government Agencies
Investing Companies
32nds of a point
Figures after decimal point represent one or more
||
Sescuritles
1
Affiliated Fund Inc
—IV«
Amerex Holding Corp
10
5.24
4.14
Shares
26%
3.87
Shares—_1
Business
American
Associated
Ask
Standard Oilstocks
series A___
2
_1
Fund Ltd
3.29
3.63
lo
lc
4.44
28.23
1
11.98
12.95
19.36
Mutual Invest Fund Inc
1
16.77
5Xa
4%
98.92
20.92
iSKSv^ndInc"
First
^Fundamental
1.88
6.14
27/2
t-?*
Automobile
6.67
AvfaHnn
lc
shares
*'
SSOs
•H'''Mining
7.49
V'
Industry
8.26
2.71
4.70
8.96
6.97
8.02
5.94
4.75
1.72
,22.99
24.85
5.73
4.48
5.30
Sovereign Investors—
Standard Utilities
State Street Investment
t
!r Institutional Shares Ltd—
Group
lc
lc
lc
lc
1
shares
shares.—
Insurance Group shares
Stock and Bond Group
Investment Co of America
Bank
Group
Investment Trust
1
1
of Boston
Investors Management Fund.
Keystone Custodian Funds—
B-l (Investment
BondS)—1
•
B-2
C.aB-3
(Medium
Grade Bds)_„1
(Low Priced Bonds)—1
(Speculative Bonds)—>—1
K-l (Income pfd Stocks);
1
K-2
(Appreciation pfd Stks)_l
S-l (Quality common Stks)_l
8-2 (Income com Stocks)—1
8-3
(Appreciation com Stks).l
8-4 (Low Priced com Stks)
1
Knickerbocker Fund
1
Loomis Sayles Mutual Fund—_•
Loomis Sayles Second Fund—10
B-4
,
;
9.55
85c
1.02
14.64
29.40
7.68
14.61
8.71
77c
92c
13.36
27.05
7.00
14.30
Bid
An
1-47
9-
1-48
bl.45
1.25%
1.55%
4-
1-48
1-
3-49
bl.65
1.50%
1-48
bl.55
1.35%
1.55%
5-
1-48
2-
1-49
"bl.65
1.50%
1.35%
10-
1.55%
Bid
Due
v
»
27.26
24.29
16.36
9.61
16.39
22.07
26.66
14.50
28.50
26.49
12.70
4.91
5.17
96.95
45.05
13.86,
5.36
5.78
98.93
46.99
17.85
10.49
17.89
24.08
29.09
15.82
1-48
10-
1-48
bl.55
1.35%,
6-
1-48
3-
2-
2-48
11-
1-48
bl.GO
'1.40%
1.55%
7-
1-48
4-
1-49
bl.70
1.55%
1.55%
8-
2-48
5-
2-49
bl.75
1.60%
1.45%
6-
1-48
11-
1-48
bl.60
1.40%
1.55%
3-
1-48
12-
1-48
bl.60
1.45%
6.83
United States Treasury Bills
6.45
714
7.82
8.71
9.55
10.08
11.05
25
15.09
Sept.
9.
0.95%
bl.06
1.00%
—
11.10
20%
6.37
47.50
New York
Par
50.50
Bank
89c
80c
17.81
of
19.47
20.02
21.88
7.92
8.66
9.99
10.86
9.70
9.90
17.04
18.60
16.06
17.27
Bank of Nevr York^..—
100
"
326r";<
43%
106;;.
Chemical Bank'ft Trust——J^iO
t
Commercial National Bank ft
Trust
Co
1
Fiduciary
.j.50;k
————
10
" 14
6.88
16
-
United
Bid
Stealing National
28%
10
95
99
20 '■
37
41
20%
22
4
38%
41'A
5
12
13%
Massachusetts
5
17
18%
Merchant
14%
Maryland Casualty common
$2.10 Prior preferred
Convertible
$1.05
13
14
45%
47%
21%
23
—
S
26%
28%
5
25%
21%
Assur
4
57/a
Par
26%
28%
.
Re-Insurance
Reserve.
10
22
24
American
Surety—
25
59%
61%
National
34
37
New Amsterdam
Casualty
New
Fire
National
Cudahy Packing 2%s——1967
Georgia Power ft Lt 3%s__1977
96%
Iowa Power ft Light 3s
100
106
J*
Kansas
4
1978
7o
City
Power
preferred
Hampshire
107%
••
100
94%
93%
pfd-100
101%
—
103
101%
100>/4
3.%s_2003
96%
1978
Jersey Bell Tel 3%s„ 1988
100%
101%
102%
102%
Pow
ft
Lt
ft
Nashville
97
New
England Gas ft Elec—
4%fe preferred
Elec
Narragansett
3s
42%
31%
33%
27 %
29%
Potomac
10
40 %
preferred
105:%'..
104
100
—
101%
Okla Gas ft El
5
101%
1978 '■ 100%
Pacific Pwr ft Light 3%s
2
4.50%
•
101
100%
1978
3%s
93
91
100
N Y State Electric ft Gas—
<
3sl
Power
Ohio Public Service
5
Fire
-
ft Light—
101
3%—-1978
Louisiana
Louisville
New
Aak
Bid
97%
102%
10
Fire..
Union
-
k_.
Ind'polis Pow ft Lt 5% pfd—100
97
Ohio
Causalty
590
560
conv pfd_50
Gamble Skogmo 5%
96%
6%
(Detroit)_^10
Merchants & Mfrs
National
9%-
8%
100
Trust
1
79
76
12*
Guarantee & Trust
Stocks-
Ask
2%s—_1977
23%
Bonding
Fire
1
10
preferred.S
American
—10
41%
Kentucky Utilities 4%%
17
32
39%
Security Issues
Ask
26%
Jersey Insurance of N Y
•
,91%
2.49
Insur Co of North America
13
41%
88 'A
2.76
48'A
15%
39%
ft Trust_17%
Bank
States
218
212
25
Trust
Nat'l
49
51%
49%
20
Inc.
'
17
1,500
3.44
46
American
Automobile
Title
35
33
Public
Co
100
City Bank—-——12%
York
New
Trust
P) • ft Co
30
'27%
7.90
2.46
———
Manufacturers
(J
291
282
-
16
100 1,470
—28
46
County Trust
Lawyers Trust
Morgan
1,355
10
Trust
24%
56»/2
81
-
54%
78 •
-10
—
Companies
B
Irving
Ask
Bid
100 1,295
Guaranty Trust J
100
Industrial Bank of Commerce_10
National
23%
Bid
Par
Bank
National
42%
40%
-
Bank ftTrust-20
Trust
45%
t
20
—
Continental Bank & Trust—i_10
92%
37%
89%
35%
43 %
^.__15":
Chase National Bank.:
Federation Bank ft Trust
Diversified Trustee Shares—
Series E„
2.50
Independence Trust Shares
1
North Amer Trust Shares—
Series 1955
1
/ Series 1956
—1
41%
103
Parf
65
30
18,
First
.26
311
100
Central Hanover Bank ft Trust 20
Empire Trust
44
—10
1.04%
12,
Ask
Bid
24%
i-10'k
Brooklyn Trust ^.*—1
Corn Exchange
61
-2%
1948—
4,
Kings
46%
Fidelity & Casualty_5
American
American of Newark
1.04%
bl.08
Nov.
6.31
10
American Alliance
—.
American Automobile
American
Casualty—L.—
American Equitable Assur
bl.08
1.01%
City Banks & Trust Cos.
;
Manhattan Co..10
the
Bankers Trust
21.29
10
*
1.04%
1948
28,
Nov.
bl.07
6.97
10
Insurance——_—
Life.....
Agricultural
1.04%
1948__.
bl.08
21," 1948...
Oct.
1.00%
82C
74c
25
Aetna
Aetna
1.04%
bl.08
Oct.
1.00%
Nov
12.01
193A
10c
Corp.*
..
bl.08
1948
1.00%
bl.06
bl.06
1948...
Sept. 16, 1948
Sept. 23. 1948
Sept. 30, 1948-—u—
3.23
_
—-
1.03%
28.12
®nit Type Trusts—
Home
1.03%
bl.07
14,
40.96
Union Common Stock Fund
.1
United Income Fund Shares—
Wall Street Investing Corp
1
Wellington Fund—
-1
Whitehall Fund Inc
—*
83
bl.07
1948...
Oct.
bl.06
7. '1948—
Oct.
1948
2,
Sept.
bl .06
Aak
Rid
*
Ask
Bid
1948—,
26,
Aug.
16.23
2.95
26.15
—1
Aak
Bid
79
1.55%,
bl.70
1-49
5-
1.55%
Arkansas Pow ft Lt
Psr
Due
Dated
Rate
Ask
,
1.45%
9.81
6.23
Trusteed Industry Share*
25c
Union Bond Fund series A
1
Series B
1
Series C
—1,
Union Preferred Stock Fund
1
Insurance
Casualty' & Surety-—10
.9772
2-48
Dated
Recent
Aetna
.9786
1-
13.01
5.89
Shareholders Trust of Boston—1
Aviation
'
1949
1,
12-
19.09
11.87
Putnam (Geo) Fund
1
Republic Investors Fund
1
Russell Berg Fund Inc__
1
Scudder, Stevens «fc Clark
Fund Inc
Selected Amer Shares
—2%
*
UVeS July
.0312
.0313
1.23%
Bate
10.45
8.95
17.42
fl
Petroleum & Trading
5.71
'
100.0248
100.0248
—
12.07
9.54
1
Merchandising
Metals
1
Oils --------J
^a^ic
Invest Pund—}
Public Utility
1
Railroad
———-—J
Railroad equipment
1
Steel
1
Tobacco
———1
8.86
Investors———5
1,
10.79
11.01
^±1^=3
..
5.26
lc
5.28
i1 ' Tobacco shares
lc .
4.12
lif Utility shares.—,..—*
lc t4.88
Howe
Plan Fund
Inc
1
4.40
Income Foundation Fund-—-IOC
1.68
Incorporated
1948 Series J
tls Oct. 1, 1948 Series K
es Oct.
9.05
9.85
r?:5IH
8.37
8.07
9.98
shares
steel
-no
Certificates of Indebtedness¬
.0150
.0362
11.90 *
8.17
,
13.76
12.13
2.48
4.32
.Railroad Bond shares
lc
H
RR Equipment shares—
lc
'M Railroad stock shares——lc
1
10.86
—lc
shares
Petroleum
;
lc
9.52
11.99
11.26
11.07
lc
-lc
shares.——
8.69
10.94
10.61
Diversified Investment Fund-l
8.12
•/■'■p. Low Priced shares—_
'■V? Merchandising shares
7.97
10.73
12.56
7.72
7.44
9.51
8.26
6.42
7.39
5.47
bond shares...—-lc
Industrial Machinery shares lc
Institutional bond shares—lc
'"Investing Company shares.lc
7.27
9.79
-1
Administewed shares—lc
Fully
1949..:
1,
Federal Intermediate Credit Bank Debentures
Diversified
:
General
7.06
6.33
5.83
Mar.
tl%s Apr. 1, 1949
tlV8s June 1, 1949
10.65
1
Corporate bond series
7.43
11.20
:
9.72
g 7()
■m.ctr1c«JE,a'pma«-6hare8 1.,- 10.34
'
supply
Building
tl%
.0308
4.10
6.44
1
1
1
_
100.0247
100.0200
.0312
.0257
15.73
^
;
Aviation
Bank stock
^ Qrj
6.85
-lc
tOct. 1, 1948——
.1%
tJan. 1, 1949———1%%
100 .0204
-100 .0168
100 0046
.0181
i 100
99 .9632
99 .9602
tl'/aS Jan. I, 1949
tl'/as Feb. 1, 1949——
.0937
.0312
4«k
Bid
Indebtedness—
Certificates of
„
.
1%% 100.0811
1948
15,
4.14
14.67
1
Chemical
Sares
121
Maturity—
Ask
Bid
Treasury Notes—
New
:.;V
Agricultural shares—
1961
3s
6.97
3.75
3.79
_1
New England Fund
York Stocks Inc—.
»«*» Ine-
2.05
5.52
Investors5'70
frust shares A—2
6.
;v.'T;
■
6.38
Low Priced Com Stock Series 1
Capital: Cori5.67
General Investors Trust
•
•
.
5.95
1
1
General
^
5.44
Industrial StockSeries
Serlea_
Selected Group
-1
Trust Fund
Fundamental
3.81
16.96
41Q
-10
Corp——
Boston
First Mutual
5.05
3.49
15*86
io
26.81
Int. Rate
7.64
4.62
1
SFiffiafSduLiaf^Inca
7,14
1
Series
Stock Series
24.80
7.38
6.53
1.61
26 05
.o
9.76
6.75
1
24 37
"""""
1949
22,
U. S. Certificates of Indebtedness
14.53
9.06
"l
i
Htoek^Fund
Fund
jv;
13.53
l
Stock
.
July
Dollar Price
6.99
Speculative
,
15.
Apr.
Panama Canal
tSept.
^ondpSeneS__
.
ft Howard
l%s
1.65s
Other Issuta
Maturity—
National
•
/ laton
100.12
14.62
NaBllnnSdeP„s„dul!.u!!r___i
6.28
"£8
$2SS£Z sS:::::=^
-
;
.
5.78
119%
8.22
26.11
Mass Investors 2d Fund
100.1
100.5
100.2
100.2
4.89
7.50
Ask
Bid
99.30
100.2
99.31,
99.31
1948
1949
1949
5.20
Manhattan Bond Fund Inc—10c
Mass Investors Trust
1
20,
4.54
Petroleum shares
steel shares
:
98.4
98.20
100.24
15,
1%$
4.00
4.12 '
1952-1950
1953-1951
1955-1953
1,
1,
1,
1%S Sept.
Jan.
Banks—
Loan
Home
4.31
4.72
1%S May
1%S Jan.
2%s Feb.
4.82
3.91
1%S Oct. 1, 1950-1948
3.63
4.54
4.37
8.44
17.67
Baestntan'..--!
4.43
4.12
ill ?!:!
Commonwealth
3.96
4.02
Federal
Ask
100
Bid
99.24
97.24
98.8
Federal Land Bank Bonds—
3.59
Electrical Equipment shares.lo
General Industries shares__lc
Home Furnishings shares
lc
None-Ferrous Metals *
In
Paper shares„lc
10
1
Axe-Houghton Fund B
5
15.43
Beneficial
Corp—.——-—-1
5
Blair Holdings Corp
1 ■ 3%,
Bond Inv Tr of America
*
94.77
Boston
Fund Inc
1 ■' 19.35
Bowling Green Fund Inc_—10c
8.52
Broad'Street Invest Corp
5 /16.64
Bullock
Managed Funds
Automobile shares
lo
- Business Equipment shares.lc
Drug shares
lc
8.53
17.99
9'A
7.81
Fund Inc..
Axe-Houghton
ptf
5.76
4.53
28'A
4.24
Bid-
Par
Mutual Funds—
Aeronautical
Ask
Bid
Pacific
103%
Electric—
»A %
pfd—100
43%
44 %
f
'-■I
Edison
1977
100%
1978
100%
1978
100%
1978
3%s
100 %
5%
Gas
&
27%
25
redeemable preferred
27%,
,
,
.
Bankers
Boston
&
73
78
10
56%
59%
5
10
-10
10
18%
197/a
....
—
Camden
25
Shippers;
General Life
Continental Casualty
Crum ft Forster Inc
Connecticut
•
10
Employees Group Assoc
Employers Reinsurance
--'10
20
—■—
Md
Fidelity ft Deposit of
Fire Assn of Phila
10
Fireman's Fund of Frisco-—10
Firemen's of Newark.
-5
78
81
'
8
22%
5
6%
12.50
Northern
33%
30%
32%
70%
Preferred Accident
57%
61
Providence-Washington
78
'
West Penn
Power
Wise-Michigan
3s
1978 " 100%
Power 3s
—
101%
101
Pacific
Fire
Pacific
Indemnity
V
-
,
V
V.- '
>
Birmiiigham
51
54
97
101
- ■ • •
, -
10
24%
43%
26%
45%
9%
3,50%
preferred
100
Public Service of New Mex!co.7
Republic
Corp
4%%
pfd_100
Corp
Glens
78
15
15%
97
98
•
12%
12%
1
preferred
Eastern
3%
4%
100
89%
Tucker
91
Transmission
Corp "A".
(N Y)
(Texas)
2nd
Oreat
preferred—-—---IS
—-.,5
American—
Hartford
v; 8 %
20
23
75
30
10
Fire.
Steamboiler
■
31%
Y»
31
29
105
10
_
.
i
\
Security
a
change.
Springfield Fire & MarineStandard Accident
dividend.
31
,
108
33
—
Travelers
U S
U
S
Odd lot
Included
in
(New Haven)
80
;—10
Hanover Fire..—,—
Hartford
St Paul Fire & Marine
Seaboard Surity
.100
——
Fidelity & Guaranty Co
Fire
-
U S Guarantee
Westchester Fire
2
4
—
10
—.2.50
n
(not included In year's fknge).
range),
e
Ex-interest,
Admitted to trading N. Y. Curb,
(Un) Admitted
xEx dividend.
•No
sale
year's
par
dividend paid
yEx-rlghts.
z
May 10.
r
d Deferred delivery sales (hot
k Admitted to listing on N. Y. Stock Kx-
Cash sales (not included in year's range) , t Ex-stock
wdWhen delivered.
wi Whss issued.
Ex-stock dividend,
value. • tin default.
on
b Big yield price,
f Flat price,
Unlisted Trading privileges.
to
'
J j,;
iL'ifel
75
100
Texas
Pow ft Lt
"
Tennessee Gas Transm's'n Co—
85
_
Florida
Reinsurance
89
.
—
Ask
«id
82
99%
(Indiana)
■
4%%
pfd___•
85
.100
_
Public Service
14%
Falls.-——
-5
Globe & Republic5
Globe <& Rutgers Fire com—15
Elec $4.20 pfd—100
Consumers Power 4.52%
146
141
Par
Stocks—
Co
Pennsylvania Electric—
3.70% preferred
•
Vnv\i>
Phoenix
67%
101%
52%
31%
Diego Gas & El 3s
12%
2.50
Fire
River.———
Northeastern
50'A
13%
General Reinsurance
■
York
New
North
Fire—
Federal
San
tThese bonds are subject to att: Federal taxes,
'
•
fix t«o easn
,
•
-i
Volume
Number 4727
168
COMMERCIAL &
THE
FINANCIAL
CHRONICLE
45
(781)
Week Ended Aug. 14
1948
cities of the
compared with
increase
an
based
us,
upon
above those of
At this center there is
•
Chester
..-.V
-V
•'.
•
•
-
W
York.*.*
'
•
' ' J-':
■
t
!
•
*'
'
'.y. i'-
.»'•
••••
•
.•
•
•
.*>v"
-
b..'
2.2
919,742
'2,833,3C6
1,518,560
788,000,000
8.2
778,000,000
441.000,000
Philadelphia
+
2.7
.
+31.1
452,607,868
Kansas City
402,461,444
+ 12.5
265,883,274
296,300,000
254,400,000
+ 28.6
1,812,335
+ 56.2
------4 431 727
'
1,356,523
•*"•2,550.712
1,137.392
4,161,256
+
6.5
+
3.3
9,877,767
+
7.2
6,964,835
6,308,372
+
8.5
809,380,948
460,925,055
4,043,084
1,721,219
5,771,922
3,835,764
'
10,593,831
....
2,583,392
4,237,406 '
'2,071,329
7,399,900
7|644,692
894,449,154
824,505,284
338,077,000
326,411,060
+
—
Pittsburgh
7,858,910
297,526,554
41,251,600
4,922,953
6,806,319
269,480,679
260,225,703
788,899,793
758,398,805
Mansfield
Youngstown
Total (7 cities)
1
Fifth
309,235,778
259,188,448 *
340,982,551
243,064,300
+ 40.3
West
Baltimore
224,177,528
196,101,486
+ 14.3
Virginia—Norfolk
Federal Reserve
3,557.616
146 331,450
88,267,064
1.8
280,528,412
174,377,781
26.998,400
+ 52.8
24,192,800
14,573,230
3,982,558
+ 23.6
3,445,154
5,674,474
+ 20.0
5,843,027
3,307,428
+
3.6
247,928.7.39
176,692,323
+
4.0
714,720,788 ;
462,581,106
+
1,805,694
District—Rlchmend—
Virginia—Huntington-
3,085,652
$10,289,534,306
$9,483,463,630,
2,542,399,420
+
2,226,463,725
,
District of
+
+
7.0
$13,590,052,094 $12,423,328,385
+
+ 26.9
2,964,232
195,586,012
+
2.1
2,773,961
180,121,128
68,944,712
63,914,185
+
7.9
62,052,016
415,839,330
383,635,276
+
8.4
370,988.909
1,995,549
122,280,289
•
38,484,369
9.5
708,401,030
5,544,000
66,813,333
199,685,598
Columbia—Washington—.
1,391,160
9,129,000
114,321,566
3,762,821
Maryland—Baltimore
+ 14.2
2,591,238
+ 10.4
+ 19.2
11,001,000,.
107,523,644
128,219,547
South Carolina—Charleston
8.4'
+ 16.6
2,646,203
12,141,000
Richmond**
cities, five days
6,451,206
0.9
—
3.6
Cleveland—
9.3
$12,831,933,726 $11,7)4,927.355
day
one
+ 12.8
157,025 067
302,930,036
+ 19.3
Ten cities, five days.
6.965,149
155,649.296
Cleveland
Pennsylvania—Pittsburgh
+ 16.5
San Francisco
cities,
+ 20.7
4,362,631
2.831,062
555,985
+ 14.8
305,137,283
St. Louis
Total all
2,693,859
5,609,657'
Columbus
+ 11.0
810,000,000
-
:
1,062,000,000
._
———
Boston
All
+
3,251,791
,
,
0hi?—panton
Cincinnati
544,928,624
604,976,139
1
<■
+
+ 15.1
Fourth Federal Reserve.
District—Cleveland—
.
%
$6,186,025,054
$6,356,038,159
;f
*
1,168,712
•
•
••..•"V
1947
1948
465,583
.
2,965,297
_
Total (11 cities)
Clearings—Returns by Telegraph
Week Ended Aug.21
'
474,945
870,425.
853,000,000
New Jersey—Trenton
com¬
i
1,080,447
+ 49.6
for the week follows:
summary
•
i'-j,
Our
0.9
+
1,194,410
Delaware—Wilmington
week in
same
gain for the week ended Friday of 2.7%.
a
813.128
3,414!o22
r
Wilkes-Barre
Our prelim¬
year.
1945 '
•
1,250,399
1,216,042
Scranton
the corresponding week last
$
1,261,920
.
Lancaster—
Philadelphia
Reading
possible to obtain weekly clear¬
inary total stands at $13,590,052,094 against $12,423,328,385 for the
.V
ago.
country, indicate that for the week ended Saturday, Aug. 21, clearings
ings will be 9.3%
parative
year
a
telegraphic advices from the chief
for all cities of the United States from which it is
1947.
Pennsylvania—Altoona
Bethlehem....
clearings this week will show
1946
Dec. r/o
Third Federal Reserve
District—Philadelphia—>
THE COURSE OF BANK CLEARINGS
Bank
Inc. or
$
Preliminary figures compiled by
1947
758,118,368
Total (6 cities)
;
...
236,508,700
:'+
Total all cities for week
Sixth
Federal
Reserve
Tennessee—Knoxville
Complete and exact details for the week covered by the foregoing will appear
in
issue of next week.
our
ends Saturday and the
We cannot
furnish
Saturday figures
them
today, inasmuch
Accordingly, in the above the last day of the week in all
In
we
the elaborate
able
are
to
ended Aug. 14.
detailed
the week
as
statement, however, which
For that week there
was
an
+
9.2
58,035,032
27,869,457
+
9.6
197,800.000
142,700 000
13.209,045
10,946,574
"■
Augusta
4,315,039
+ 215
3,610,020
3,552,758
3,455,633
+
4.5
2,996,215
2,129,490
73,167,452
72,304,075
+
1.2
63,131.130
43,128.911
Alabama—Birmingham
86,735,186
79,171,982
+
9.6
71,485,376
47,417,500
Macon.
„
Mobile
present further below
we
give final and complete results for the week previous—the
+ 12 7
63,788,703
201,900,000
17,118,532
Florida—Jacksonville
has to be estimated.
cases
15,191,482
69.833,327
221,200,000
Nashville—i,
Georgia—Atlanta
not available at time of going to press.
are
y
District—Atlanta—
6,926,930
—
Mississippi—Vicksburg
increase of 6.9%, the aggregate of clear¬
+ 17.3
5,903,564
3,924,752'
5,618,237
452,524
"
—.
Total (10 cities)
406,883
+ 11.2
400,704
216,581
106,855,128
96,598,183
+
10.6
101,829,472
70,792,482
590,014,138
Louisiana—New Orleans—i.
week
2,267,113
3,415,519
542,273,263
+
8.8
517,920,730
351,392,860
ings for the whole country having amounted to $13,349,520,697 against $12,486,587,395 in
the
in
week
same
1947.
bank clearings at this center
Outside
of this
having recorded
city there
an
was
increase
a
gain of 8.5%, the
of 5.3%.
We group
Seventh
the
District (including this city)
the totals show
In the Cleveland Reserve District the totals
In the Chicago Reserve District the totals record
6,971,147
Terre Haute
*
City
itiil
,
+
In
the
Kansas
District
12.2%
In the
City Reserve
and
in
following
,
the
we
District the increase is 3.2%, in
Francisco Reserve District
San
furnish
a summary
Reserve
Districts
^
3rd
4th
New
-12
.12
York__
11
Philadelphia
Cleveland
7
cities
v
32.9
51,527,400 ^+14.5
3,704,853
+
23,798,735
12.566,246
.
4,748,521 y
>
-
39,854,725
47.52M87—~
3.2
7.6
2,949,504
>
11,248,740 i)4 y-^.555,074
~
1.388,035
10,230,341
2,876,448
A-15.2
■"4
2,602.077
23,271.000
44,372,000
+ 25.5
12,428,199
13,516,596
4.862,221
9.2
+
22,146,555
-
10,228,148
5,658,150
1,080,442
+ 10.3
804,977
456,880
+ 14.6
r"
632,291,122
405,911,602
3,254,067
2,769,281
+ 17.5
*"
2,830,926
1,347,972
12,909,443
4,664,490
3,235,495
1,009,781,565
886,481,009
;
cities).
—
4.903,475
3,926,576
:
—
0.3
10,445,308
4.9
21.4"*
4,039,446
"r
5,487,488
*
2.044,460
2,584,304
ii 1,615,851
+ 13.9
815,866,082
509,592,315
150,000,000
+
CLEARINGS
.
$
Boston
2nd
BANK
1948
Week Ended Aug. 14
1st
OF
f
+
'
680,552,237
*L—
Springfield
Total (17
SUMMARY
Federal
Rockford..
<
'3,596,529
1,192,060
Peoria
14.9%.
603,868
5,018,759
5,340,028
779,738,383
——
Decatur————;
by Federal Reserve Districts:
1,196.759
8,326.512
4.6
12,864,780
Chicago
the Dallas Reserve
■
27,415,921
i.———
Illinois—Blotrtnlngton..
and in the Minneapolis Reserve District of 6.9%.
4,958,021
3,821,699
■
...
—
'
St. Louis Reserve District of 3.0%
'
11.2
+ 21.6
4,949,982
59,002,493
Iowa—Cedar Rapids..
Sioux
+
—
48,129,000
15,591,147
.
Wisconsin—Milwaukee
gain of 13.9%, in the
8.1
-
*
6,020,177
52,553,000
...
South Bend
Des Moines.————
a
1,827,837
10,169,816
6,647,982
6,587,224
Indianapolis
4.0%, in the Richmond Reserve District by 8.4% and in the Atlanta Reserve District
by 8.8%.
1,680,152
11,304,818
.
—
Indiana—Fort Wayne
an
larger by
are
District—Chicago—
.'
—
Lansing.
improvement of 5.3%, in the Boston Reserve District of 7.4% and in the Philadelphia
Reserve District of 8.5%.
Reserve
Grand Rapids
cities according to the Federal Reserve Districts in which they are located and from
this it appears that in New York
Federal
Michigan—Ann Arbor
Inc.
1947
1945
1946
or
$
Dec. %
$
508,G59.723
473,717,937
+
7.4
462,077,432
6,761,200,510
6,423,169.138
+
5.3
Eighth Federal Reserve District—St. Louis—
s
.
6,875,192,507
f
Missouri—St. Louis
3,968,120,676
61
894,449,154
824,505,284
+
8.5
809,380,948
460,925,055
788,399,793
758,398,805
+
4.0
714,720,788
462,581,106
415,839,330
383,635,276
+ '
8.4
370,988,909
542,273.263
+
8.8
517,920,730
351,392,360
1,009,781,565
886,481,609
+ :13.9
815,866,082
415,964,252
403,733,850
+
3.0
380,566,256
332,872,986
358,310.975
+
6.9
317,492,000
180,015,811
502,733,670
487,316,972
+
3.2
386,209,834
265,255,467
289,659,282
258,080,334
+ 12.2
227,030,145
124,674,147
234,400,000
0.3
217,800,000
106,953,848
73,527,227
9 9,912,022
+
7.0
96,396,390
57,495,078
67,460,933
+
9.0
65,196,231
33,628,793
1,883,177
1,960,895
4.0
1,173,635
977,732
415,964,252
403,733,850
3.0
" 380,566,256
242,101,603
-
—
—
236,508,700
590,014,138
233,600,000
Kentucky—Louisville
Tennessee—Memphis—
Illinois—Quincy
■.
373,939,328
M
<6
Total (4 cities)
+
<«
■y,jSth Richmond
6th
.
Atlanta
1 7th Chicago
8th
V
9th
10th
17
Louis
St.
4
.
10
City
.
Total
Francisco
Outside
York
New
We
112
—
—
now
our
week ended Aug. 14,
789,446,294
cities
+ :14;9
12,486,587,395
6,845,582,444
detailed
686,963,952
.
13,349,520,697
626,697,567
Clearings
North Dakota—Fargo
12,504,143,198
7,604,094,231
8.5
+
5,855,226,633
Helena
1947
$
Inc.
Tenth
1946
Dec. %
$
Omaha
$
4,070,817
69,832,451
128,177,340
39,205,227
1,597,484
+ 22.8
1,496,886
705.217
3,477,538
+ 33,1
4,571,700
2,521,895
394,827,036
1,909,586
1,635,304
7.4
388,631,384
5,658,622
667,139
2,662,951
1,942,384
+ 34.1
2,718,314
1,728.171
+
:
4.9
7,597,073
4,224,732
+
8,378,184
6.9
317,492,000
180.015,811
1,701,442
720,509
8,269,042
7,171,450
121,802,695
121,051,684
7,665,068
13,363,462
7,498,885
10,721,040
333,742,891
11,814,577
—
7.0
*
290,384
5.9
212,118
485,975
+15.3
5,651,742
+
v>
407,994
.4,036,681
0.6
92,969,465
+
2.2
6,343,457
+
24.6
8,335,808
324,088,584
+
3.0
261,200,123
11,697,570
2,113,376
1,840,928
+
1.0
8,439,495
+ 27.6
1,806,359
2,239,737
+ 21.7
1,687,026
942,801
502,733,670
.
St. Joseph.
487,316,972
3.2
386,209,834
265,255,467
2,696,727
Colorado—Colorado Springs.
344,693
473,867
659,588
+
-
.
.
V
60,366,233
2,156,655
6,149,780
184,323,835
5,621,522
:
1,037,848
991,457
+ 54.7
City440,665
Missouri—Kansas City.
334,781,391
+16.8
+
605,899"
+ 25.9
+ 11,1
698,816
a
Wichita
937,611
6,763,499
3,403,523
358,310,175
District—Kansas
Kansas—Topeka.
423,884,868
-Boston.
Reserve
Lincoln.
1945
4,629,932
Vail River—
Federal
Hastings
or
1.962,484
Uowell
Bedford.
1,973,092
1,773,660
+ 11.5
2,059,067
7,679,721
6,944,083
+ 10.6
5,874,797
Pueblo.
Total (10 cities).
+
1,082,367
Springfield-
3,079,694
Worcester.
5,425,772
■
Island—Providence.
9.5
4,593,427
—10.9
20,892,505
10,281,178
8,204,949
+ 30.8
8,972,996
4,818,805
22,195,800
+10.6
21,548,400
+ 28.9
1,014,319
24,546,000
New Hampshire—Manchester.
1,530,986
■V
Eleventh Federal Reserve District—Dallas—
2,533,144
26,314,511
10,733,732
Haven
4,953,662
23.440,939
Connecticut—Hartford.
+
1,187,411!
,
508,659,723
473,717,937
7.4
+
30,563,405
Galveston-
5,108,000
5,413,439
534,787
Wichita Falls.
3,862,061
3,014,883
+ 28.1
2,320,428
f 1,483.299
10,000,714
7,963,130
+ 25.6
7,547,550
4,928,661
462,077,432
289,659,282
258,080,334
+12.2
227,030,145
124,674,147
121,478,830
160,762,133
99,641,018
3,939,743
109,910,196
95,199,675
50,953,101
58,199,708
45,867.342
■39,990,028
81,865,983
9,281,167
1,421,507
Jamestown.
2,107,092
York—
6,503.938,253
Rochester.
.
18,313,040
1,381,180
72,787,265
51,271,238
17.8
1,269,660
6.8
+
>
5.6,
2,687.000
4,109,000 /
J;!, &
1,004,476
V
3,650,586
6,648,916,565
3,839,890,938
17,610,529
9,566,159
10,572,569
5,478,983
San Jose.
6,628,464
Santa Barbara.
10,279,554^
+ 11.1
844,737
.
8,485,351
'
628,939
309,192
39,001,775
35,414,833
20,248,524
45,554,547
42,994,016
California—Long Beach.
Pasadena—*
11,693,799
""
3,795,847
8,104,502
7,733,024
383,992,590
361,113,818
4,240,221
12,927,045
4,206,212
10,602,682
8,859,660
8,607,085
789'446'294
-
•k+ 686,963,952
13,349,520,697
12,486,587,395
6,311,549,690
2,135,867
4,597.920
-
250,027,000
6,221,137
.yis? 1,826,925
8,191,218
12,884,966
Stockton
U
2,809,807
9,768,219
9,036,197
398,640,694
—.
San Francisco.
77,337,785
94,013,992
3,247,476
26,731,246
j
"
Total (10 cites).
Grand Total (112 cities)
Outside New York..
6,423,169,138
'
District—San
—*_
f-'f Oregon—Portland.
iV'."' Utah—Salt Lake City.
5.3
+ 25.6
'
1,671,730
Reserve
Yakima
786,268
v.
Federal
15.8
10,341.289
6,761,200,510
Twelfth
Washington—Seattle
+
12,984,135
54,336,884
4,824,699?
•+
11,425,010
...
41,147,979
2,390,991
+
6,175,037,705'
21,210,702
32,550,059
5.4
—
1,976,407
-
591,909
5Totail2 cities)
-r~
373,939,328
+ 29.4
82,209,377
1,674,282
T
Northern New Jersey.
13,779,989
12,264,700
—14.0
2,650,586
77,792,332
»
35,538,614
3,428,527
York—Albany
Connecticut—Stamford
99,434,000
22,116,617
—
York—.
Buffalo.
Syracuse.
6,409.550
184,527,000
0.3
27,071,907
Total (6 cities).
Blnghamton
2,361,11
+17.1
*+13.4
6,878,975
207,738,000
26,978,828
Dallas.
■"
Federal Reserve District—New
>
8,058,320
235,651,359
Fort Worth—.
Texas—Austin.
Louisiana—Shreveport.
Total (12 cities).
(i
5,425,227
223,597,362
1.4
3,166,903
382,872,986
—
Nebraska—Fremont
$
Portland
'.i
0.3
8.8
—
3,764,203,293
First Federal Reserve District—Boston-
Massachusetts
+
+
81,047,356
8,786,819
Total (7 cities)
for four years:
at—
8,512,116
3,780,680
4,245,497
Montana—Billings
statement showing the figures for each city for the
Maine—Bangor—
'"••i
6,399,354
249,152,156
South Dakota—Aberdeen.
428,987,163
6.9
+
6,311,549,690
1948
^
6,421,670
271,175,855
79,950,349
St. Paul
Week Ended Aug. 14
v
District—Minneapolis—
Minneapolis
64
City.
add
Reserve
Minnesota—Duluth
242,101,603
■
<1
6
10
Federal
509,592,315
46
66
1
11th Dallas
San
Ninth
66
7
f
12th
If
U
Minneapolis
Kansas
6
10
"""
.
6,845,582,444
-
if 14.9
+
6.9
+
8.5
■+y:;y'
/
yi,::
.
4
y+#yylifltt'SiySsfey
12,504,143,198
5,855,226,633.
7,604,094.231
3,764,203,223
'
Monday, August 23, 1948
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
(782)
46
REDEMPTION
PARTIAL
Foreign Exchange Rates
Pursuant to the requirements of
give below a record for the
'••V
-V;1/.'1.
week just passed:
RATES
'
..
.
•
.
,
1st
FEDERAL
1
t
1st
'* h,;
..
ACT OF 1930
UNDER TARIFF
TREASURY
TO
BANK
RESERVE
$
$
.297733*
.297733*
.297733*
.297733*
.251247"
.251247*
.251247*
.251247*
.251247*
.200000*
.200000*
.200000*
.200000*
.200000*
For
$
$
'
"regular" products
"non-regular" products—
certain industrial products.
For
r"
3.212226
3.212296
.022837
.022329
.022828
.022831
.054400
.054406
.054406
.054406
dollar—
.926406
.926015
.020060
.020060
.208533
.208533
.208533
.208533
4.031434
4.031484
4.031484
4.031484
.926562
.927500
.020060
.020060
.
■
;■;
,
_.
.208535
Denmark, krone
.
(Metropolitan), franc—
.France
'
.004671*
.004671*
.004671*
.003267*
.003270*
.003267*
.301691
.301691
.301691
of,
Dominion
India,
rupee—
'■-}
.
Mexico,
.301691
.301691
v
Newfoundland, dollar—
.923541
.S23541
3.225166
3.991542
.201580
.201580
.201580
.201580
.040325
.040325
.040321
.040323
.040321
krone——
escudo.—
peseta
Portugal,
i Spain,
1st
.923958
3.225166
.201580
pound—.
Zealand,
Norway,
.091324
.091324
.091324
.091324
.091324
.278228
.273235
.278235
.273235
.233329
.233629
.233629
4.007500
4.007500
4.007500
4.007500
Closed
4.007500
.278235
**
<•*
Controlled
<•*
§2793
487
V^
#»
255
Pagfll
Date
1
433
Any time
1951
due
5s,
mtge.
H2143
8
643
Service—
Sep
due 1962
3V'4S, series A,
mortgage
v
.
353
CALLED
Oct
448
251
.vCv^.-i;
$2004
§1591
543
253
HVol. 164.
§Vol. 167.
tVol. 165.
•Announcement in this issue.
•*
**
Uruguay, peso—:'• "V
543
Georgia-Pacific Plywood & Lumber Co.—
$1
convertible preferred
stock
Aug 23
Gilbert (A. C.)
Co., preference stock
Oct
1
New York Gas & Electric Light. Heat & Power Co.—
Purchase money 4%
bonds, due 1949
Anytime
Ohio Power Co., 6% debenture bonds, due 2024—_Jun. 1, '49
Peabody Coal Co., 6% preferred stock
—Aug 31
Tennessee Gas Co., 1st mortgage 6s, ser. A, due 1950-Sep
1
.233629
.233629
Sweden, krona__—
Switzerland, franc——,
Union of South Africa, pound,,.
'
§2583 •/
1 :
Corp.—
Hydro-Electric
Water
Centerville
.925000
Closed
3.225166
Falls
mortgage 5s, due 1958
Butte Electric Power Co.,
1st
3.225166
.924166
Free
443 ,'•
1
-
1st
1.000000
-
1.000000
1.000000
1.000000
1.000000
Official————
.376300
.376312
.376375
guilder
Netherlands,
—Oct
Sep
ISSUE
ENTIRE
V
.376250
.376250
443
54g
1
bonds,
6%
Company and Issue—
Bellows
<» <t
peso—...
64$
1
1
1st mtge. 4s, due 1950
Dec 1
Pacific Portland Cement Co.. 61/2% preferred stock
Oct
1
Philadelphia Co., 4V*%' collateral trust bds., due 1961-Aug 27
Saint Paul Union Depot Co.—
•
'
1st and ref. mortgage series B, 3'/s% bds., due 1971—Oct
1
Safeway Stores, Inc., 5 (/'o preferred stock
—Oct 1
.004671*
.003257*
—
,
1970_———^—-Sep
due
Electric Co., 1st mtge. S'/aS, due 1969_Sep
Light Co., 3'/4% debentures, due 1971..Sep
.
.003267*
-
—
Free
"New
»»■
.004671*
Official
■
Closed
4,031484
sterling
pound
England,
43
43
Co.—
Minneapolis Gas Light Co.,
.020060
-
Electric
Merritt-Chapman & Scott Corp.—
6j/2% preferred stock, series A
.925937
—.
•Colombia,
peso___-,_
Czechoslovakia, koruna—
.054406
l.COOOOO
l.oooooo
;
1.000000
§2464
:
Food Products Corp.—
1st
and
refunding mortgage convertible
series A and B, due
1949—
.022828
-
,
1
Oct/ 1
Oct 1
:
; ,
Hygrade
1.000000
1.000000
Official
1st mortgage 3'As,
Empire District
i
"
due l962_Sep
Hartford Electric
3.212296
3,212296
Closed
3.212310
pound
Belgium,
franc
Brazil,
cruzeiro,
Australia,
•Canada,
'
1
,
Co.—
Ohio
Southern
&
.
247
433
mortgage
Columbus
.297733"
Argentina, peso—
For
$?"
148
1
1
5V2% bonds, series A
1st mortgage 5%
bonds, series B
Aug. 19
Aug. 18
Aug. 17
Aug. 16
Aug. 14
Aug. 13
Terminals
Union
1
•
'
1
Sep
—Sep
Soya Co., Inc., 3% debentures
Chicago & Western Indiana RR.—
1st and ref. mortgage 4'A % bonds, ser. D,
1st
,
v
.
mortgage
Central
Cleveland
Value In United States Money
•
.,
York
Buying Rate for Cable Transfers in New
Noon
Oct
Clinchfield & Ohio Ry.—
4s, series A, due 1965
Carolina,
.-643
X'".y ; (
,
bonds
61/2 %
mortgage
1st
^0
,
& Machine Co.—
Bethlehem Foundry
r
AUG. 13, 1948 TO AUG. 19, 1948, INCLUSIVE
.
and Monetary Unit
Country
'
;
,
'??' ■ '
V^.f aVP' .*•
CERTIFIED BY
.•
EXCHANGE
FOREIGN
Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies daily
cable trasfers in the different countries of the world. We
ihe
of
Association
PagO
Date
and Kansas Educational
Methodist Episcopal Church—
mortgage serial bonds dated 1947_..»r...——Sep
(Trustees of)
Baker University
of the Treasury the buying rate for
to the Secretary
;
Company and Issue—
**
<•*
Noncontrolled
DIVIDENDS
""Temporarily omitted
rate.
'Nominal
»
V
•
thousands of dollars)
(In
$
fund
Total
and
Discounts
20,000
5,769
301,593
advances
-
53
688
1,516
—
62,389
+
*1,106
—
Govt, securities:
S.
7.154,957
Bills
—170,355'
Certificates
5,128.407
1,857,600
7,409,756
—
Notes
32,000
—
Bonds
securities-
21,550,720
and securities-
21,853,001
Total U. S. Govt,
loans
Total
of
Notes
JF. R.
+
15,507
—
6,627
—
1~115
+
+
374,962
+
316,921
3
+
/608
5,641
+
102,330
47.727,056
assets
—
+
+
24,039
+
235
+
235
+ 3,342
+ 3,461
+
192
+ 2,515
Liabilities—
Federal
23,862,648
notes
Reserve
—231,656
+
207,046
+
U.
Deposits:
J-
bank—reserve
acct.
17,602,520
Treasurer—gen.
acct.
1,963,304
+
393.783
+
Member
XJ.
S.
Foreign
8.391
deposits
Total
_
availability items—
Deferred
divs.
incl. accrued
•Other liab.,
+
91,727
+
+
75,508
+
1,872,092
2,575,048
11,928
purchasing or carrying:
Government obligations
S.
—
306,930
1,852
342,641
+
—
to
loans
U.
3,590
:.—
banks
Loans
Other
+
3,780
34,652
„
Government
S.
250
502
3,887
250
securities
estate loans
Real
341
452
obligations
securities
Other
78,121
20,531,320
14,819
securities—total
46,980,944
liabilities-
+
396,591
+
Capital
Accounts—
•Capital
199,226
Surplus
+
37
448,189
paid in
(Section 7) —
Surplus (Section 13b)
•Other capital accounts.
of
5,952
+
8,366
+
-
88
+
4~229
+
33,889
47,727,056
+
400,857
+
1.960,255
note
liability
on
for foreign
respondents
—
'Contingent
purchased
•Commitments
make
to
50.5%
,
cor¬
1,820
—
+
51
-
2,212
interbank
6,190
—
62
during
762
—
.
and
U.
Govt*
S.
week
+
1,470
+
84
+
96
—
+
+
15
12
+
—
—
except
accounts; • C
—L—— 19,108
—
460
25
..
•
V
....
s.;..
-,/•••;.
.V
V;.
.
.
+•
A.
V
r:'.V '•-.>/• r'? •". • \vv
.'*>• V.
■■
v
« '
hanks
shows
weekly reporting member
of the Federal Reserve System in leading cities
the following principal changes for the week
condition statement of
ended Aug.
a
decrease
11: An increase of $235,000,0000 in loans and
$371,000,000 in holdings of United States
obligations, of which $222,000,000 was in
of
'Government
Treasury bills.
!.
Commercial, industrial and agricultural loans increased
^103,000,000
San
Manufacturing
New York City, $44,000,000
in the
District, $15,000,000 in the Chicago Dis¬
in
Francisco
$192,000,000 at all reporting member banks.
.Loans to brokers and dealers for purchasing or carrying
'United States Government securities increased $70,000,:©00 in New York City?-and at &11 reporting member
banks., Loans to brokers and 'dealers for purchasing or
:
JL"r«
3
8-24
9-24
8
9-10
9-20
20c
$1.75
,
9-1R
10-
1
9-20
10-
1
-
129 ;
Burvard
Docks,
Dry
Ink
California
Co.
Ltd., class
(quar.)
A
Securities,
$4.50
,9-25
10-
1
9-20
1-1-49
12-23
99-
8-15
1
1
8-21
'
9-1:
9-14
10-
9-1S
1
8-25
8-14
9-30
8-31
1
9-11
9-15
8-30
10-
9-15
8-30
9-15
8-31
9-
1
8-20
9-
7
8-27
9-
1
8- •20
9-15
8- 29
9-20
; 9- ■10
10-1
,:
9- •15.
10-20
9- 30
10-15
9- •15
$2
1010-
9- 22
1
1
9-
8
-
10- ••'3/4
U- I
Iron
4x/2%
9-30
9- 15
9-30
9 •15
9-15
8- 22
10-1
9- 20
50c
9-20
/ 8- 28
9-30
••.£ 9- •10
common
25c
9-15
$1.12%
Co.,
(quar.)
common
v9-
9-15
(quar.)_
9-
40c
9-
OF
A" (y.
Date
TENDER
2
•
9
8- 30
3
8- 27
&
•
Stamping
Extra
Company and Issue—
Inc., 1st (closed)
Lackawanna Laundry Co.,
National
Union
Mortgage
Corp.—
20-year
collateral trust bonds,
Roecinl
interest
notes
e.
u.:
series A, due
(unattached
United States Radiator Corp.,
t-:
«•••■ «:* «
«s»
mtge. e'AsJSep
1
VV! —''■■■■:W-,
to
1954—Jan
bonds):
preferred stock
n .> «.* r» s.s ....
'•«.
I
Commonwealth
(accum.)——
(Subject to SEC approval)
Page
647
*
Commonwealth
548
t
"48
Sep 30652
.
Jan
J _*««'
& Southern Corp.—
9- 10
+
,.■»
,,
9-25
9- •10
Common
«
.2
»
ts
:X
s,.
rz
"»
f. ^
-
J
.,
;
$1.50
—
■•',■
..
>."9- -ior 4
„
—
f/
'
•
.
;'-1/
1 *
/.»
v>4."
(Phila.) —
Title Co.
(quar.)
4%
preferred (quar.)
Compo Shoe Machinery
*
.
preferred
$6
,::4
8- 27
9-25
-
53'/sc
(quar.).
Shearing
9-10
12'/2C
12'/2c
preferred
Commonwealth
+
/
3
■
-
NOTICE
:*
8- •30
9-
35c
common
v
9
9-
$1.25
(quar.)
30c
$1
(quar.)_—_—I2V2C
—
_
*«. •!*
.*■
-*
4
4
$1.75
(quar.)
Company,
9- •'
62V2C
common—/
Graphite Bronze,
preferred
9-25
:;4
9- -4
15c
$37
:—;
(quar.)
Cliffs
preferred
9-25
30c
(quar.)
(quar.)
Co.
Coleman
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."; v.; A;
Co.
& Fuel
Cleveland
5%
8-26
8
75c
87'/2C
50c
(quar.)
preferred
Service
Ice
Cleveland
Below will be found a list of corporate bonds, notes,
and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
Co.
—
—
Christiana
preferred
9-10
25c
Mill & Lumber
Extra
City
8-23
9-27
10-
t$1.75
Extra
Cities
9-10
$12c
75c
J$2
tlTVzC
i._—
(quar.)
Carolina Telephone & Telegraph Co. (quar.)
Chesapeake & Ohio Ry., common
3Vz%
convertible preferred (quar.)
Chesebrough Mfg. Co. (quar.)
;
Notices
1
25c
preferred
7 7e
9-10
10-
28VaC
Canadian
Redemption Galls and Sinking Fund
1
$1.25
(quar.)
Permanent Mortgage Corp. (quar.) _
Industries, Ltd., common (quar.)
Canada
vi :
1
10-
Co.—
(quar.)
preferred
41/2 %
9-
35c
30c
—
Manufacturing
9-1
9-13
25c
15c
50c
25c
$1
$2
75c
(quar.)
Co
Rubber
8-14
9-10
,25c
Brooklyn Telegraph & Messenger Co.
Brunner
9-18
9-15
50c
50c
Co
9-10
9-30
40c
$1
$1
quar.)
1
9-
9-30
50c
20c
10c
12V2c
J25c
com
9-20
9-15
37Vac
10c
Sons
Corp.
Brass
2
9-
9-13
10-15
Extra
Bristol
3
50c
(quar.)
Briggs & Stratton Corp. (quar.)
&
J.)
(E.
Chicago
trict, and
carrying other securities decreased $58,000,000.
3
9-
9-t!
RR
Albany
&
Boston
30, 1948, individual loan items are reported gross,
i.e., before deduction of valuation reserves, instead of net as previously
reported. Year-ago figures have been adjusted to a gross b&sis.
v
.
9-
1
8-31
2
Inc.
Stores.
Boss
Condition Statement of INember Ranks
The
1
10-
10-
Inc.
Bell.
Bond
1
9-
(quar.)
(quar.)
Book-of-the-Month Club (quar.)
Blue
7%
■
1
10-
$35c
(quar.)
Co.,
Co.
4% preferred (quar.)
Black-Clawson Co. (increased
tBeginning June
•'•
9-
1
(quar.)
preferred
4'/o
+
129
+ " 456
+
599
1.385
142
Borrowings
to demand deposit accounts,
Debits
indus¬
trial loans
_—
9-15
10-
Common
5,183
+
113
+ 1,291
+
27
—
108
+ 202
+
58
+ * 15
9-
9-15
$2.25
(quar.)_
A
Limestone & Cement
Bessemer
Brown
Foreign banks
bills
—
+
8-23
9-30
10-
(quar.)
Packing
Beech-Nut
+ 1,432
—.117
—
68
222
82
3
70
—
8,981
-
banks
.Domestic
2.8%
+
—
preferred
$1.40
761
9
607
3,936
class
Ltd.,
Co.,
Lumber
Beaver
ii
Interbank demand deposits:
0.1%
—
+
+
+
•
74
7
46,703
14,897
deposits adjusted
Time
deposits, except Government
U. S. Government deposits
Demand
serves,
—
14
8
16
371
+
+
+
i
9-15
$1.75
Inc
Ties,
Brummel!
Beau
259
34
+
Stores
Liabilities—
re¬
to deposit and F. R.
liabilities combined.—
—
—
—
bonds
S.
190
16
—
9-
Sugar
Brach
71,154
accts.
certificate
gold
•
27,543
Total liabilities & cap.
SUtio
+
6
1
—
U.
—
—
25,821
Other securities
4,341
Reserve with Federal Reserve Banks—__ 13,215
Cash in vault
801
Balances with domestic banks
;
2,255
1,911,960
70
58
+
—
2,081
4,208
2,542
bills
certificates of indebtedness——
Treasury notes
—-
Treasury
Treasury
Total
—
carrying:
Government
S.
U.
99,426
and
—
loans for
Other
698.248
571,713
Other
or
Other
1,195,149
—
brokers
—
—~~:—dealers for pur¬
———
to
chasing
299,183
—
I
loans
Loans
10,005
481
63.032
*■
Investments—total
and
Loans—net
;
+
136
—.—.
Loans—grosst
24,281
Commercial, industrial, and agricultural
Loans
non-cum.
American
8-23
$1.25
35c
preferred (quar.)
Co. (quar.).
Refining Co.—
T/o
preferred
(quar.)
American
Sumatra Tobacco Co
American Telephone .St Telegraph Co. (quar.)
Apex Electrical Mfg., common
7 r'o
prior preferred (quar.)
Apex Smelting Co.
(quar.)'.
Applied
Arts Corp
Associates Investment Co.
(quar.)
Atlantic
Oil Corp.
(irrcg.)
Basic
Refractories,
Inc.
(quar.)
5'io
1
I2V2C
25c
Growers
President
American
|
9-
87'/2c
Tiling
(quar.)
Lines, Ltd.—
Encaustic
Fruit
American
11- 3
5c
$1.25
$1.50
30c
25c
preferred
American
1947
V'
9- 8
12- 1
5c
(quar.)__
American Colortype Co.
(quar.)
American Cyanamid Co., common (quar.)—
3Vi% preferred A (quar.)
'/o
6
10-1
Corp.—
Beverage
prior preferred (quar.)
4% convertible preferred (accum.)
American Cigarette & Cigar Co., common—
20c
(In millions of dollars)
Assets—
+1,960,255
400,857
1948
$3
(quar.)
f
.
Payable of Ree.
J25c
(s-a)
Lid.—
Canada,
of
Co.
American
Aug. 13,
Aug. 4,
1948
Share
Vicksbu'rg Ry.
&
preferred
4%
Inc. (+ ) or
Dec. (—) Since
Aug. 11,
13,519
32,489
:.-•:
..:
53
+
Alabama
Aluminum
Holdert
When
Per
American
•
484,892
—
i
week
announced this
dividends
Name of Company
•
546,175
—
declared.
liabilities of reporting
summary
Department" in the week when
and Investment News
deposits adjusted decreased
City, $65,000,000 in the San
York
Further details and rec¬
paid.
past dividend payments in many cases are given
name in our "General Corporation
under the company
The
of the assets and
member banks follows:
A
6,690,066.
—
which have not yet been
v
banks increased $96,000,000.
+ 1,488,300
7.500
194,348
+
49
159,607
assets
Total
—1,721,309
2,847,211
premises
Other
—7,003,232
126,724
other banks
items
"Uncollected
Bank
;
banks
from foreign
Due
2,013,338
+
•■'l'
'
we
ord of
$67,000,000 in
Francisco Dis¬
trict, $56,000,000 in Chicago and $74,000,000 at all re¬
porting member banks, and increased $55,000,000 in the
Kansas City District, $32,000,000 in the Chicago District
outside of Chicago, and $22;000,000 in the Philadelphia
District. United States Government deposits increased
$84,000,000 and demand deposits credited to domestic
64,153
—
6,827
Industrial loans
If.
4,001
267.842
cash
Dther
+
22,440,133
gold ctf. reserves
banks, and increased
Demand
2,077,491
+
15,999
New
612,463
•notes
:
+
R.
F.
for
bclIlkSa
%
$
21,827,670
certificates
1947
1948
1948
Assets—
Aug. 20,
Aug. 11,
Aug. 18,
Redemption
$222,000,000 at all reporting
in all of the other districts.
Holdings of Treasury certificates of indebtedness de¬
creased $82,000,000. Holdings of United States Govern¬
ment bonds decreased $29,000,000 in New York City,
$21,000,000 in the New York District outside of New
York
City and $70,000,000 at all reporting member
since
decrease (-—)
separate tables. In the
bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
first
District,
$54,000,000 in the San Francisco
$47,000,000 in Chicago, and
member
Increase (+) or
>
Gold
New York City,
Combined
Reserve Banks
bills decreased $226,000,000 in
Holdings of Treasury
Statement of Condition of the f 2 Federal
Dividends are grouped in two
.
•»
jn
r*
■*,
i
5 *
,
9-1, 4
9-T
9-15
8
8
■19-
•19"
i-li*
f
Number 4727
Volume 168
THE
Pet
Name of Company
Share
(quar.)
Utilities
(Consolidated Gas
10c,
50c
62%c
$1
25c
30c
62%c
20c
'^Extra'.1
Crucible
Steel
Co.
Extra
50c
$1.12(/a
4
%
preferred
Disston
Duncan
Dunn
Du
Steel
Pont
I.)
cle
$3.50
preferred
1
9-
1
1
9-15
8-27
9-
8-25
9-1
8-25
9- 3
8-20
1
8-20
United
9-15
8-31
Motor
8-31
9-30
9-17
9-13
9-3
National
9-10
8-31
National
9-10
8-25
8-23
8
8
40c
10-1
9-
$1.50
10-1
9-3
9-13
10-1*
8-31
Federal
Corp.
35c
____
(quar.)
25c
Co.
Chemical
Co
Works
Screw
Feltman
%
Curme
&
___
1
9-10
8-27
$3.50
9-10
8-27
$1
*
9-15
9-
New
North
9-10
8-31
9-
1
8-14
$1.50
.
9-
1
8-25
Oak
9-15
9-1
Oakland
;
25c
5%
10-
1
9-
50c
9-
9
8-30
10c
9-15
8-30
Ohio
62%c
9-15
8-30
Stores, common <quar.),__
preferred
(quar.)
Machinery Corp.—
f3% % convertible preferred (quar.)_
Fort Wayne Corrugated Paper
_—
1
Ohio
81 (4c
Class
9-15
12%cv
Co.
A.)
Company,
$$1.25
37(4c
9-10
Prospect Hill Apartments,
10-2
9-10
Public
1
9-15
preferred
87Vic
9-
1
8-13
$20c
(quar.).
10-
k
Hart-Carter
Sons
Co.,
preferred
Investment
of
Certificates
Iowa
beneficial
Jones
k Lamson Machine
Joseph
Feiss
&
Katz
8-20
8-10
8-14
Seeman
9-15
9-
1
5t)c
9-17
9-
7
9-
1
9-10
8-31
$37%c
10-15
9-15
10-15
9-15
4%
(quar.)
10c
37(40
9-
25c
9-
9-15
9-10
9-10
9-
$3
Kinney
.
Coastal
Kinney
1
$6
7
4
(John),
lanett
9-15
8-31
Southwestern
9-15
1
9-
9-3
9-15
8-30
25c
9-15
8-30
35c
10- 1
9-10
$1.12(4
1071
9-10
10-
1
9-10
9-13
8-26
3
(quar.)
&
Cady
(quar.)
$1
4c
(quar.)
$1.50
9-15
$25c
Works
10-
9-
liggett
7%
&
Myers
preferred
lily-Tulip
4(4%
Insurance
Co.
(quar.)..
7r/o
10-10
9-30
9-
9
8-31
10-31
9-4
1
CO
preferred
9-15
9-
5 %
1
Talcott
(James),
4Vs%
8-20
Inc.,
37 (4c
$1.12(4
Public
9-10
Thrift
9-15
9-
1
Title
10-15
10-
1
10-
7
1
preferred
Stoves,
Ltd.
Insurance
&
Allied
Finance
Increased;:
.
Laboratories
9-15
9-
1
9-15
9-
1
9-15
8-26
1
9-14
1
8-19
9-30
10-
4%
3%%
Allis
10-
2
(Louis)
Mfg.,
37(4c
-
9-13
8-31
Todd
37(4c
Corp., common (quar.)
participating preferred (quar.)
9-13
8-31
Trans-Canada
87(4c 7
9-13
8-31
9-10
9-
Shipyards
Transue
&
Corp.,
Co.
of
Co.
Treesweet
17(4c
:
A
12(4c
.
| $1 convertible preferred (quar.)
" >
American
American
Arch
9-
9-30
9-15
25c
9-30
: 9-15
$1.25
"
St.
8-20
8-26
8-20
Louis
American
6%
Bank
Class
American
Box
Board
1
American
Can
Co.,
B
8-25
30c
9-15
25c
9-15
8-12"
9-15
8-13*
9- 4
Stock dividend
8-21
City Electric
held)
4%% preferred
American
8-27
$6
2nd
preferred
American
6%
Steel
Co.,
(quar.)
9-21
9-20
9-
1
American
9-30
9-
1
7'9-15
.
9-15
8-27
(
(initial)
(quar.).
3.90%
1
9-17
9-15
1
9-15
American
9-10
8-28
American
10-
1
American
$6
9-20
$1
,7
9-1
8-23
9-13
9-
9-
8-14
25c
12 %c
7%
7
Metal
(111.)
Co.
Class
8-20
Class
10-
5
9-25
9-
3
37 %C
7» 9-25
9-
3
$1.12%
9-15
9-
1
7-23?
9-
7-21-
1
9- 1
50c
$1.50
10- 1
10- 1
75c
9-14
75c
9-10
.
10c
v
7-21;
9-20*
9-2*
v
9- 1
$2.40
25c
(s-a)
9-
1
10- 1
910-
1
v
1
8-26*
8-13*
8- »
8-3D
8-31
—
9- 1
8-1*
(quar.)—
50c
9-10
8-27*
20c
97%c
9-10
8-31
10-15
9-3*
Co.
-
8-26
25c
$1.50
9- 1
9- 1
8-26
$1
9-15
8-19
$3
12-15
12- 1
25c
common
Co
9-15
9- 3
Finance—
(s-a)
Co.
(bi-monthly)
Paper Goods
preferred (quar.)
preferred (quar.)
8-31
10-15
News
3
7-2?*';
9- 1
Foundry Co., common.
Ltd.,
(quar.)
National
9-
8-301,
37%c
Co.,
Meter
preferred
1
50C
8-31
•
10- 1
75c
—
quar.
preferred
CO h-4 O
9-
1
American
7%
1
.
62%c
(quar.)
preferred ' (quar.)
1
$25c
.
60c
50c
Co
Machinery
6%
8-31
Co.—
&
10-
31 >/4C
twentieth Century-Fox Film Corp.—
Common ■:" .(quar.) •• ••
Steamship
Laundry
American
common
(irreg.)—
preferred
Machine
9-15
30-
$394/5C
Forging" Corp.
com.
American
9-15
9-30
American
__
Co.,
American
"9-30
9-16*
share
$1.18%
Leather
&
Investment
Increased
—
B
10- 1
10c
11-
50c
com.
each
Insurance Co. of New Jersey
American
8-27
30c
,
9-18*
•-
Extra
15c
—
new
Williams
1
$1.25
(Los Angeles)
10- 2
$1.75
(quar.)
American
Home
Products
(monthly)
American Indemnity Co. (increased quar.)—
56y4c
(quar.)
Hide
convertible
9-30
$1
(Del.)
9-16*
$3
(quar.)
American-Hawaiian
8-18
9-30
$1
(quar.)
Felt
&
9-10
25c
...
for
(quar.)
8-31
10-
12 %C.
(quar.)..
1
dividend)—
(cash
common
9
50c
com.
Hair
10-
(2/100ths share of Atlantic
8-28
$1.25
—
Electric
General
American
15c
(quar.)
&
Corp., common
$2 preferred (quar.)
$2.50 preferred (quar.)
$3 preferred (quar.)
8-21
9-15
Gas
American
8-31
10-
25c
8-17
9-
1
25c
8-18-
2
8-31
9- 1
8-2*
9-
9-30
9-15
9-
50c
8-18;
9-15
9-15
35C
1*
25c
(quar.)
7%
Quarterly
9-30
9-15
1*
9-
1
9- 2
9-14
8-30*
20c
9-
10-
8-1*
50c
9-20
.
10- 1
25c
Inc. (N. Y.)
American Forging & Socket (quar.)
American Fork & Hoe, common
8-21
(quar.)
Co.
9- 1
75c
(initial)—
A
Lines,
10-20
1
8-20*
1
50c
12%c
Export
10-30
9-
9-
American
8-24
8-25
25c
8-17
9- 1
$1.75
8-21
-
8- &
9-16-
1
preferred iquar.)_
American Car & Foundry Co., -common
7%
non-cum.
preferred
(quar.)
American Chicle Co. (quar.)
7 8-21
(quar.)
9- 4V
10-
40c
common
(quar.)
class
(initial)
Corp.,
8-30
1
Series
Note,
Bosch
8-31
1
8-20:
'
preferred
American
9-13*
:
30c
9-
1
9-13*
1
9-15
87%c
(quar.)
9-15
9-
*- *
10- 1
10-
75c
9-10
9-
9- J
75c
Co
20c
...
Products
preferred
convertible
9-15
1
9-10
1
American Automobile Insurance Co.—
9-17
9-
:u 8-20
$50c
8-26
9-14
9-10
10-
15c
9-10
9-14
8-14
20c
Industries
9-15
1
8-20
50c
9-14
1
8-20
1
$25c
1
9-29
9-
9- 1
9-10
93%c
Inc.—
preferred
(quar.)
Airlines, Inc., 3%% pfd. (quar.)
9-
8-20*
9-
50c
common
Aluminium, Ltd. (quai.)
Amalgamated Leather Cos.,
9-13
8-13
9-
35c
(quar.)
8-23
1
9- 1
'
9-30
9- 5
40c
81V4C
of
8-20 r
2
9-20
$1
(quar.)
$4
Potash
A
B
$1.75
9-15
9- <1
$1.75
12-15
12- 8
Chemical—
V.
(quar.)
(quar.)
preferred A
American
&
37%c
(quar.)—
Radiator
&
•_
Standard
9- T
,<9-15
9- 1
$1
—
9-15
37%c
9-15
9- 1
0-24
9- 1
9- 1
8 20
Sanitary
•
Xorillard
's>.
(P.)
Co.,
7%~ preferred
common
(interim)
(quar.)
______
"25c
iLLlLi
$1.75
10-
ll M 9-10
lo- 1
•
9-10
———
$1.50
"V
convertible preferred (quar.)
$4.50 prior preferred (quar.)
.7
;
9-14
10-20
25c
America,
preferred
Extra
6%
8-10
10- 1
75c
Canada, Ltd.—
4%
preferred (quar.)
Aluminum Goods Manufacturing (quar.)—
8-25
8-25
25c
9- 1
15c
$3.75
V
9-19
9- 1V
;
25c
(quar.)—_—
(quar.)
9-10
'9-
common
lindsay Light & Chemical Co.—
1
(quar.)_
common
9-
25c
pfd.
9-15
(quar.)
preferred
Aluminum
10-
7-30
40c
Cement
20c
(quar.)_
(quar.)
Shares,
pfd.
8-27
1
8-20
1
9-
$1.12 %
common
Company
Portland
Aluminum
9-10
9-15
9-11
10- 1
9-30
(quar.)
convertible
Aluminum
9-10
9-15
9-1
9-1
10- 1
$12c
Extra
9-10
10-2
Holdert
10- 1
$2.50
Corp., common
preferred
(quar.)
Allis-Chalmers
8-31
2
When
.
Ltd
Stores
25c
—
-i.-——
1
Payable of Rec.
^ $1
Stores,
5%
Co.,
Allied
Allied
2
$50c
1
Trust
9- 1
t25c
10- 1
9-10
$$1.25
9-15
8-20
$25c,;_ J.0-19-17^"
-
(quar.)
8-27
(quar.)...
Co.,
Co.
9-
9-15
$37%c
$62%c
pfd.
$1.50
(interim)
Steel,
preferred
$50c
(quar.)
Service
9- 1
9-15
Per
Allegheny-Ludlum
8-20
(quar.)
Class A
Texas
(quar.)
Bridge
7- 2
8-26
V
The list does not include divi¬
week, these being given in the
(s-a)
$1.25
(quar.)—
(quar.)
preferred (quar.)
)
9-15
?
Share
Shoe
9-
75c
—
Tacony-Palmyra
9-30
9-10
$1.75
preferred (quar.)
liipe-Rollway Corp., class
CO
Ltd.—
..
(quar.)
ytVo
Surpass
50c
■
8-23
10- 1
25c
dividends announced in pfreviousi5
this
Co., Ltd.,
preferred (quar.)
25c
(quar.)
co.
8-21
25c
Paper
50c
Corp.| (initial)
Extra
Co.—
Corp., common
preferred (initial quar.)
preferred
&
25c
-
(quar.)
Paper
1
25c
9-11
25c
Co. (quar.)
Electric- Products
Sutherland
1
9-24V'
9-15
8-31
9-158-31'
9-28/
9-16
9-28 r
9-16
7%c
$4c
Corp
Door
9-14
$1.25
Mining
9-30
15c
Cup
Prior
9-13
30c
Corp.
8-24
10-
Akron Canton & Youngstown RR.,
8-26
Sunshine
9-
$1.12%
$1.20
50c
$1.25
Company
prior
Agnew
9-10
10-10
12(4c
.....
lincoln Service
6%
1
8-24
1 iv;
10-1
20c
(s-a)—
:
Glove Works, Ltd.
Steel
Co.
(quar.)
Acme
9-10
1
Super
(Tenn.)—
:
Tobacco
•
Acme
'
-9-10.
12 %c
Extra
9-15
Insurance
Sugar Refineries, Ltd.—
Class
A
partic preferential
(quar.).
5%
preferred
(quar.)
9,
8-30
lOvl
10c
(quar.)
Corp.
Strawbridge & Clothier, $5
9-15
10-15 "
$1.12%
—
9-
9-
Sunbeam
1
(quar.)—
A
(quar.)
Steel
Power
$2.50
8-27
-
9-20
8-25
$25c
&
Casualty
Quarterly
9-15
$1.50
Co., com.
Corp.
9-
8-16
9-18
Acadia-Atlantic
Corp.—
Service
Furniture
9-J5
9- 1
25c
»
8-20
1
20C
9-15
30c
Ltd
life
1
9-14
25c
Stewart-Warner
J/' 10- 1
75c
9* 1,
,
*
25c
quar.)
Electric
9-15
20c
25c
(increased
Investment
10- 1
25c
'
60c
(increased)
Forgings Corp, (quar.)
Milling Co.
(quar.)
Standard Oil Co. (Ky.)
(quar.)
7(4c
(quar.)
liberty Fabrics of New York, Inc.
9-
10-
$1.35
Publishing
Co.
8
9-15
9-1
10- 1
9-30
v
(F.
announced
Abitibi
8-26
Standard
$1
Co
Bros.,
1
Standard
Storklire
.
lewis
10-15
9-
50c
;
5%
sinking fund preferred
Sprague Electric Co.
:
Extra
Dee
11-15
20c
$1 convertible preferred
5% convertible preferred
^
University
10-15
20c
9-30
9-30
50c
Co.—
Dye
Co.—n
Co....
Pacific
7(4c
Extension
11-15
$1.50
(irreg.).
(Howard)
Southern
1 v;9-
20c
—-
Brothers,
Southwestern
10-
$50c
Ltd
Blcachery k
la, Sille
&
9-10
8-31
—
Paper Mills,
Common
(increased quar.)
4%
preferred' (quar.)
8-27
I V:;
9-8
preceding table.
9-15
9-30
25c
—
Co.
60c
75c
22%c
1
10-
$2.50
(quar.)—
pfd. (quar.)
(quar.)—.
Lothrop, common (quar.)
——
dends
8-27
preferred
(quar.)
Manufacturing Co. • (quar.)
Smith
8-30
$87(4c
Co
preferred
non-cum.
labatt
Oil
1
9-15
convertible
Singer
2
9-
9-10
12%c
(quar.).
Manufacturing
Lace
9-
10-
weeks and not yet paid.
$1.50
8-30
$1.12(4
.
preferred
9-10
1
9-13
8-31
'
60c
(quar.)
.....
2nd
9-30
10-
lc
H.)
Tool
8-20
9-10
$2.50
Light, 4%%
Below we give the
8-20
9"i
37 %c
Corp. of America, class A (quar.)
Signal Royalties Co., class B (quar.)
8-20
1
9-15
50c
—
convertible
1
8-25
2%%
Shoe
~
v
Extra
$1.18%
Inc. (quar.)
Selected American Shares, Inc. (quar.)
Seminole Oil & Gas Corp., 5% pfd. (quar.).
Sheller Manufacturing
Corp
Shenango Valley Water Co., 5% pfd. (quar.)
Shepard-Niles Crane & Hoist Corp
8-20
10c
(quar.)
Extra
&
Scranton
8-14
(quar.).
pfd.
Kimberly-Clark Corp., common
,4%% preferred (quar.)—
Life
&
preferred
Alpha
Co
Refrigerator
Seeger
8-25
35c
common (quar.)
preferred > (quar.)
Keystone Steel & Wire
(H.
1
(increased quar.)—
preferred
National
Youngstown
9-15
25c
Corporation
8-25
35c
Extra
Works
50c
dividend)
(quar.)
9-
8-20
9-
Gear
Rowe
10c
31 (4c
Kelvinator Corp of Canada (increased quar.)
.
9-
$1
Robertson
Ross
9-22
25c
Drug Co.,
$4.50
3
1
35c
Co.
8-23
$1.50
Simmons-Boardman
interest
Co.
8-16
25c
1
9-
9-1E
10-
15c
(quar.)
6%
1
(accum.).—
Oil
$1.37%
w.i, Ltd.,—
deposit receipts (interim)
Wright-Hargreaves Mines, Ltd. (quar.)
Young (L. A.) Spring & Wire Corp. (quar.)-
1
9-10
preferred—
preferred A
8-20
American
9-
Inc.,
Ranch
25c
—
Co...
Manufacturing
Joy
10-
10-15
$1
(Del.)
Shoe Corp.,
Johns-Manville
Corp.
(John),
0-
5%
$40c
Electric
6%
Rice
9-4
1
25c
25c
$4.75 preferred (quar.)
Raybestos-Manhattan, Inc. (quar.)
Republic Steel Corp., common
Boston—
Utilities
Southern
Irving
of
Trust
8-20
15c
—.
Co.
8-20
1
75c
Lithographing Co..
Haverty Furniture Co. (quar.)
Hazeltine
Corp.
Homestake Mining Co. (quar.)
Hudson Pulp & Paper, 5% preferred (quar.
Industrial Wire Cloth Products Corp. (quar.)
International Bronze Powders, Ltd.—
6%
participating preferred (quar.)
Harvester
1
9-
9-10
9-15
$1.50
8-25
9-
1
1
9-
-
Woolworth
$4.50
Co
(stock
9-
10-
$1
—
Corp., $3 pfd.
'
Havana
International
8-31
8-31
15c
(quar.)
Hartman Tobacco Co., common (irreg.)...
,; $4
prior preferred (quar.)
'r $3 non-cum. preference (quar.)
Hastings Manufacturing Co. (irreg.)
'
9-14
50c
(quar.)
common
convertible
8-31
9-30
10-
Common
9-15
9-14
10c
(quar.)
1
40c
:
(quar.)
9-15
Light, 6% pfd.
Industries, Inc.—
Publicker
9-13
15c
7
7
10-15
35c
—
Woodward
10c
10-
_——J
(L.)
$2
Co.
1
25C
——
River
11-1
Co
preferred
5%
10- 2
75c
10-
25c
Powell
$1.75
8-16
$1.12%
8-31
25c
Chemical
Milk
9-15
Brewery
1
"•25c
—
40c
(quar.)
Hanley (James) Co., 7%
Harding Carpets,
Ltd
(quar.)
9-30
(quar.).
common
8-27
9-
50c
Extra
'
Western
Corp.
9-30
,
1
9-15
40c
——-
—
$75c
10-
1
8-15
50c
—
——
9-15
11-
1
•7
4(4 %
11-26
11-30
$1.25
>
$57 preferred (quar.)
Great West Saddlery Co., Ltd.—
77 6%v 2nd preferred (quar.)
preferred
—
9-30
.
99-
9-15
$75c
(quar.)
Name of
$1.25
_
9-
4.8%
75C
$1
25c'
Preferred
(s-a) ■
Safety Razor Co., $5 pfd. (quar.).
(B. F.)
Company, common..
Griesedieck
8-18
4?%c
a
(quar.)
i
Wisconsin Power
20C
Co., common (quar.i
preferred (quar.)
Petroleums; & Frading Corp.—
8-31
(quar.)
8-18
9-15
50c
convertible
Wisconsin
8-31
8-24
62 %c
Pet
8-24
8-21
$$1.75
10-
9-10
1
8-31
Co.—
Co
1
9-21
9-
9-14
$25c
Ltd.-
30c
}
*
$4.50
75c
:
9-
? ;v9< 2
9-15
$1.10
1
1
1
37 %c
9-
1
10-
Ltd.—
Penney (J. C.) Company
Pennsylvania-Dixie Cement
8-18
8-30
—
Co.,
1
10-
8-31
50c
9-
%U-10
9-10
25c
Guaranty
1
1
1
50c
Corp.
Willys-Overland Motors, Inc.—
$1.25
(quar.)
&
9-
9-
9-15
$3.50
class A
Whiting
93 %c
—
8-18
Corp
Machine
Extra
8-31
45c
(quar,)
Ford,
9-10
20c
(quar;)
9- 1
Special
75c
-
$2
Iron
(Northam)
Whitin
9-18'
15c
$1.25 participating class A (accum.).—Philadelphia, Germantown & Norristown RR.
Quarterly —-t:—
Pittsburgh Consolidation Coal Co. (quar.).
Pittsburgh Forgings Co
Powdrell & Alexander (quar.)
common
Sugar Co.,
&
1
$1
—
9
(s-a)_
common
class A pfd.
(s-a)
Common
15c
—
(quar.)
Rust-Proof
Penick
10-
$1.25
Co.
Patterson-Sargent
8-26
(Wis.)
Products
preferred
.
50c
T
9
9-
9-20
West
30c
(quar.)
10-1
75c
Gillette
Hart
8-28
Service..
Steel
Parker
9-21
1
9-10
10-
25c
.
Goodrich
Western
7%
8-30
40c
(S.
"'Extra
10-
20c
130c
$$1.37
B
Harshaw
1
~
Power
Gerrard
9-
9-15
25c
Inc.
(quar.)
(quar.)——
Co., common (quar.)
rf45Vi%
preferred
(quar.)
5%
preferred (quar.)
Gaylord
Container Corp—
Gemmer Mfg. Co., $3 preferred A (quar.)..
7%
9-15
Co., common
preferred (quar.)
Common
Industries,
Power
Great
8-31
(quar.)
9-
10-15
10-10
Fargo & Co., 4%% pfd. (s-a)
Wellington
Fund,
Inc.
(quar.)
Virginia Pulp & Paper Co.—•
9-14
12 %C
10-15
$2.50
Wells
Viking
1
$1.25
it
Water
9-10
9-29
9-15
Edison
4.40%
Warren
4
9-24
—
50c
(quar.)
preferred (s-a)
-—
Pump Co. (irreg.)—————
8-13,7
$1
(quar.)
pfd.
$3
5%
9-
25c
(quar.)
Insurance
Title
Ontario
Fair
8-13
(quar.)
Light
&
Heating"
9-25
9-10
(quar.)
Corp.,
Manufacturing
62Vic
$2.50
Frontier
Co.
Quarterly
.__
; 9-10
9-10
Vicksburg Shreveport & Pacific Ry.-f-
8-31
9-
•
6%
Co.
&
Common
9-30
(quar.)———
(Hartford)
Insurance
preferred
9-15
25c
Northern States Powei-
Food
Gatineau
Warren
8-31
1
9-11
Co
Auction
River
50c
87 Vic
(quar.)
Frontier
York
Northam
1
Stores—
Co
Stove
__
8-23
9-10
Oats
7
25c
—
Insurance
9-
10-
20c
common
(quar.)
Vapor
25c
—
Steel Corp. (quar.)..
Fund," Inc....
Newburgh Steel Co. (quar.)
Newmont
Mining Corp
Newport Electric Corp., common (quar.)
3%% preferred (quar.)
New England Telephone & Telegraph
8-28
10-
Fire
National
8-26
9-15
—75c
Corp., common-———
prior preferred (quar.)
$5.50
1
9-15
$1.25
(Detroit)
preferred
9-
1
—
Hess.
Casualty
National
9-20
9-1
50c
5 %
3
9-14
■
* 40c
$1.12Ms
...
(quar.)
Shoe
preferred
Florence
'
Bellas
9-10
1
9-15
—
Nesbett
Works—
8-26
:...
preferred
Corp.,
Mould
25C
National
37Vic
$1.06(4
Electric
8-27*
9-10
$2
Power
$25c
(quar.)—.
common
National Discount Corp.,
participating
Federal
Corp.
10-
10-
62 %C
City Lines, Inc., common
preferred A (quar.)
10-
Paso
9- 1
——
(s-a)
non-cum.
Valley
9-10
9-20
50c
—
RR. & Canal Co.
Envelope Co.,
Upson-Walton
9-10
$1
preferred
Steel
9-10
\
9-20
11c
...
Leather Co., $4 non-cum.
S. Tobacco Co., common
Utah
9-20
:;
$1.12%
(quar.)—
(quar.)
S.
7%
National
9-14
10-
(quar.)
i
pfd.
Extra
1%
5 %
preferred (quar.)
Muskegon
Piston
Ring——
Muskogee Company (quar.)
10-25
_
,
Finance
9-15
$4
(Texas), com. (quar.)_
.'$4.25 preferred
<quar.)_
Emporium Capwell Co,, common——
;«
7%
preferred (s-a)
Erie
Coach
Company
(quar.)__Erie & Pittsburgh RR.,
guaranteed
Faber Coe & Gregg (quar.)...
\
1
10-25
El Dorado Oil
Food
9-
.
preferred
87%c
Electrographic
5
U.
v
1
9-20.
21c
Fund
4V4%
9-10
32c
—
Fund
——;
States
<,
——
Co.
United
8-20
1
5% ''preferred
(quar.)——-—
Molson's
Brewery,
Ltd
v
Carbon
New Jersey
8-3!
$1.12%
preferred
—...:
Inc.,
9-
9-20
16c
i
Stock
Lines,
United
Mid-West
8-23
9-
Air
Extra
37
U.
preferred
4(4%
1
10c
3
9-
8-20
$2
(quar.)
:
Eastman Kodak Co., com. (increased quar.)
6%
preferred (quar.)
Edison Brothers Stores, common (quar.)
El
8D/4C
9
9- 3
4%%
8-18
9-15
Common
B
Stock
9-10
^
United Elastic Corp;; (quar.)
United Fruit Co.
(quar.)
1
•
(auar.)__
3
9-
(quar.).'.
7 fl.18%
Refineries, Inc.— ;
•
37 %C
$1.50 convertible preferred (quar.)———
Midwest Rubber Reclaiming Co,—
56 %C
4(4% preferred (quar.)
——.
Minneapolis Brewing
Co
25c
Mississippi Power, $4.60 pfd. (quar.)—
$1.15
20c
Mojud Hosiery Co., Inc., common—.:
9-10
,
'
77 $4.50
United
9-
Packing Co.—
(quar.).Michaels Stern & Co., pfd. (quar.)
Michigan Consolidated Gas—
25c
_
9-1
0-15
H.)
preferred
10c
Co.—
_—
(H.
6(4%
75c
Nemours &
United
H.62%
?1.12%
Meyer
37 %c
Co
(interim)
(quar.)
—...
9-18
9-18
8-17
Products
(E.
Common
B
class A
;
1
8-25
9-15
25c
•
25c
9-
1
4
9-
,
;;
30c
(quar.).___.
(quar.)
Publishing Co. (quar.)
Corp., common (irreg.)
$3.25
participating preferred (quar.)—.
Participating ...
—-
9-1
_
Mfg.
preferred
Textile
25c
Co.
Electric
1st
—-
9-
9-
$1
75c
—
5
Union
—
....
9-
9-10
(quar.)—
Common.'—————..——
Donahoe's, Inc., 6% .preferred
Driver-Harris
6%
(quar.)
9-10
9-15
—-—
9-
9- 9
Fund
9-15
25c
common—-
5
Inc.—
Fund O
Preferred
9-30
12 %c
Inc.
Fields,
9-
Bond
Bond
Union
9-
10c
common—,.
25c
Union
Union
Holderr
Payable of Ree.
25c
A
8-317
10c
20c
(quar.)„
& Sons,
Oil
preferred
Merchants Refrigerating Co.,
8-27
■
Fund
* When
Share
47
(783)
18c
Funds,
Bond
9-18
*
9-25-
'*
(quar.)—
,8-25
10- %
13c
25c
9-30
8-27
9- 1
quar.)
(increased
(quar.)
(Henry)
5%
8-20
1—
——
Cement
9-1.0
Union
Co.
*
8-20
:
Trusteed
25C
8-31
20c
Union
Metal
8-31
.
(Calif.)
Acceptance Corp.
Sugar
8-27
I
Company
Union
9-15
%»■
9-15
25o
40c:
Fund________
2nd
Name of
1
Meredith
37%c
$1.25
15c
25c
—
_——
Dominguez
'9-30 V7
9-10
20c
(increased quar.)—
(irreg.)
—-—
Delaware Floor Products
(quar.)————
Delaware
Fund, Inc.
(quar.)
Detroit Harvester Co. (increased quar.) —
Corp.
Mercantile
Investors
9-
9-30
"
25C -V
& Co. (quar.)
Sons (quar.)
&
9-15
8-27
10- 1
10-1
—
Corp.
Extra
(M.)
Per
Payable of Rec.'
12%c
—'
|
Holders
9-16
9-15
Dayton Malleable Iron
Corp.,
V
9-23
20c
Diamond Portland
<■
1
8-26
9-10
50c
(s-a)
Dictaphone
Massachusetts
9*
9-10
9-10
10-15
20c
Mills, common (Increased)
4%% preferred (quar.)
—
Davenport Besler Corp. .class A (s-a)_
Stores
Marsh
1
'9- I
9-10
——
Davison Chemical
Mallory (P. R.)
7
9-
When
$2
-
Magma Copper Co.—
9-
'
CHRONICLE
Share
•
•
Co. (quar.)
Los Angeles Transit Lines (quar.)..
Class
.
of Company
tos Angeles Investment
8-30
9-27
9-»15
$1.25
30c
Dan River
Diana
8-31
*—
(quar.)__
(quar.)
—
B
8-13
9-15
Name
8-30
9-15"
8-23
■
FINANCIAL
Per
America—
of
preferred
Inc.
Daniels & Fisher Stores-
Class
9-15
$1.31'A
(quar.) _—.'i.-i--'
series A
5convertible
Cutler-Hammer,
'
■
.
Co. (irreg.)
Consumers Co.,
$2.50 preferred (quar.)
Continental Oil Co. (Del.)
(increased)——
Continental Steel Corp
Copperweld Steel" Co., common (quar.)-—
6%
convertible preferred
(quar.)——
Cornell-Dubilier
Electric,
common.
&
Holders
Payable of Rec.
15c
Consolidated. Rendering
$5.25 preferred
When
COMMERCIAL
v
-
-
Corp., common
Special
(increased)
7%
(quar.)
preferred
25o
■
•
7
10c ,v
$1.75;'
9-24 "
9- 1
i:!W"
48
THE
(784)
COMMERCIAL
American
Safety
American
olis)
8-
8-31
8-6
Insurance
States.
10-1
9-15
9-15
8-31
American
t
8-10
50c
Foundries——
(quar.)——
——■
pfd. (quar.)
American Woolen Co., common vquar.)
c
American Vitrified Products Co.,
9-
'
:
American
Zinc
Anaconda
8-26*
Copper
Broadway
Smelting,
&
.
$1.
$1.75
9-15
10-
10-15
Arcade
7
9-
9-29
-
'.
(quar.)
preferred
Arden
$3
f
Farms
Co.,
Oil
(quar.)
(quar.)
Corp.
Ltd., common (quar.)
convertible preferred (quar.)
Argus Corp.,
Edison
Arizona
$5
Co.,
preferred
Steel
Armco
4%%
(quar.)
(quar.)_;
Power
Corp.,
common:
preferred
convertible
Armour
(quar.)
common
'Missouri
Arkansas
Cork
Armstrong
Co.,
1
8-14
9-
Die
Buffalo
Machine Co.
&
Forge
9-
1
8-10
Bullock
9-
1
8-10
Bullock's,
9-
1
8-10
Bunker
(quar.)
Co.
1
7-30
9-
1
7-30
Burdines,
9-
Sullivan
&
;
•
(increased
1
9-15
9-15
8-31
10-
8-16
9-15
9-10
9-
1
8-
4%
preferred (quar.)
Burroughs Adding Machine Co. iquar.)
Burton-Dixie Corp.
(quar.)
Butler Brothers,
4V2% preferred (quar.)..
Butler Water Co., 7% pfd. (quar.)
9-15
1
9
1
9-
9-15
9-
9-15
1
Mills
Atlas
1
8-20
California
Cotton
9-30
9-15
California
Electric
9-30
9-15
California-Western
30c
9-
1
8-20
$1.12%
9-
1
8-20
Corp.
Artloom
9-
known
dividend
Stock
Artloom
as
Asbestos
25c
9-
1
9-22
Ltd.
Corp.,
8-18
Refining (increased quar.)_
Associated Dry Goods Corp., com. (quar.) —
6%
preferred (quar.)
7% 2nd preferred (quar.)
1
Atchison, -Topeka Si Santa Fe Ry. Co., com
Atlanta & Charlotte Air Line Ry. Co. (£-a)_
9-1;
9-30
9-
1
8-30
Canada
i
8-13
Refining
.
Class
$1.50
9-1
$1.75
9-
1
9-
1
Safeway, Ltd., 4%% pfd.
Canada
Vinegars,
Ltd
Canada. Wire & Cable Co., Ltd.—
8-18
9-13
$1
37%C
9-15:
56V*c
9-30
9-16
50c
(quar.)
Co.
9-10
8-25
Canadian Breweries. Ltd.
8-14
Canadian
:!
8-20
Class
Atlas Imperial
Scries
Diesel Engine Co.—
preferred (quar.)
A
Powder
Atlas
Tack
Atlas
Corp.
Gold
Aunor
Co._.
50c
Common"——
A
9-
8-10
Common
(quar.)
8-21
!
1
Class
:(quar.)
5 %
series B
5%
12-15
11-20
Canadian
Fairbanks-Morse
9-15
8-21
Canadian
Food
convertible
Allied
Avon
Ayshire
B/G
B.
Co.
25C
Works
Products
V.
D.:
Corp.,
8-16
9-
1
8-20
Class
9-
1
8-16
Canadian
9-24
Canadian
25c
prior preferred
Company
preferred (quar.)
preferred (quar.)
9-10
9-
$1.12%
(quar.)
9-
6%
Baldwin
V
Locomotive
5%
Oil Cos., Ltd.,
preferred (quar.)
:1-15-49
12-31
4%
preferred
$1.50
7%
7%
Porcelain
Canadian
Pacific
9-
I
8-10
Canadian
Tire
$1.50
8-31
8-16
Canadian
Baltimore
6%
Radio Show, Inc.,
(quar.)—
(Joseph)
& Sons
1
9-14
1-2-49
12-14
10-
8%C
8%C
9-
1
9-
1
9-17
9-
3
10-20
10-
1
-
Hydro-Electric, common (quar.)
7%
preferred
(quar.)
'€ 4% preferred (quar.)
Barber-Ellis Co. of. Canada, Ltd. (quar.)
40c
Bangor
;
8-14
1
10-
1
8-31
$12 %c
—
9-15
8-31
(W.
25C
9-
1-
8-14
Barlow
&
30C
9-
1
8-16
30C
9-
1
8-16
50c
9-
4
8-13
H.) Company (quar.)
Seelig Mfg., common (irreg.)
Oil
(quar.)
Co.
(quar.)
25C
9-
4
Class
A
i'Bayuk
Beck
Cigars,
(A.
Beaunit
Co.,
9-
1
8-
4%%
(quar.)
(quar.)
1
1
1
8-17
$$1.50
10-
1
8-31
$$1.75
10- 1
8-31
9-
(quar.)
15c
r——„
9-
1
9-
1
(quar.)
9-
1
1
8-14
:
Ltd
Mines,
1
8-16
9-
Common
(increased)
preferred (quar.)
$3.25
$4
Benson
&
Hedges; $2
Berkshire
Fine
Bethlehem
7%
.
•'
Bibb
conv.
preferred
preferred
Corp.
(Del.),
(quar.)
:
Manufacturing
-
9-30
81 %c
9-30
9-15
9-30
9-ia
11- 1
10-22
500
(quar.)
Spinning Associates,
Steel
1
35C
9-
1
8-20
60c
Inc
common
9-
1
8-
,
preferred
3.6%
Central
West
South
Si
Increased
'
Co! (quar.)
Paper
9-
9-20
10- 1
9-20
4%%
Belt
Chain
$1.50
9-
1
8-10
Charis
preferred (quar.)!__
$1.25
9-
1
8-16
Chatco
Steel
Birmingham Water Works, 6% pfd. (quar.).
$1.50
9-15
9-
Black Hills* Power & Light, com.
$4.20 preferred (quar.)
9-
1
8-20
$1.05
9-1
8-20
Black,
Son;
Sivalls
4.25%
5%
Bros.
Company
6%
&
preferred
& Co.
Brass
Borden
Company
$1.06%
Fund, Inc.
Boston
Insurance
Real Estate
Trust
Woven
&
Bower
Roller
Co.
Hose
1
9-14
8-16
9-30
9-25
Chesterville
Chestnut
25C
1
8-24
; 10- l
.
&
Machine
9-
1
8-11
16c
8-25
7-29
1
9-
9-
2
8-23
50c
Rubber' (quar.)
10-
50C
..
1
8-25 ;
8-13
$1
(Increased).
Co.
9-20
9-
,30C
9-1
8-20
7
(quar.)
preferred (quar.)
Shore
quarterly
South
-
Reduced
South
Chickasha
Oil
(quar.)
Chrysler Corp.
(quar.)
Cincinnati
&
Gas
;
'
....
20c
9- 1
9-30
9- 1
9-10
8-16
10-15
9-30
12-31
Inc.,
$1.20
preferred (quar.)
;
4%
:
8-16 !
•;;
9-
9-10
12-10
9-15
9-
10-
1
•
10-15
$1
$l!-
8-16
.
;; 9-20
8-13
9-15
40c
8!
10-
$1.25
11-
1
90c
10-
1
9-15"
10-1
9-15
$1
10-
1
9-15
9-
1
8-16-
9-
1
8-21
$16 %C
10-
1
9-15
9-
1
8-16
$50C
12-
1
11-15
$13c
9-
1
$1.12%-
8-
-
4
50c
8-10
•:
9-15
8-31
1
$50c
-
8-25
25C
8-31
7-28
$1.12%
10-
1
$1.13
10-
tf-ltf5*
1
9-
$1
I
9-10
1
9-15
9-30
30c
8-25*
9-15
25c
v
8-20-
•
10-
1
9-15*
9-
1
8-13'
!
8 24
8-17
9-10
8-311
25c
9-
1
8-16
75C
9-
1
8-16
15c
9-
1
50C
9-24
—
8-15
9-14;
9vl4-
9-24
75C
10c
9-10
8-21
10c
9-10
8-21
———
$25c
9-
1
8-12
$$1.25
9-
1
8-12.
1.
933/4C
9-15
9-
90c
—
9-10
8-25!,
9-10
9-
10-
2
9-10*
1
8-
6*
25c
9-15
8-20?
30c
.-——
8-27
50c
(quar.).
Q.
1
8-16;
1
9-13
40c
10-
$1.05
9-
1
8-13.
$1
—
9-
1
8-13
8-31
8-14
(quar.)
$1.75
pfd. (quar.)
(irreg.) —
7%
9-1
9-13
$2.50
$1
com.
75C
$1.75
9-17'
9-30
1-3-49
9-30
12-17
—
10c
9-1
75C
9-17
11-
11-15
20c
.
10-- 1
—
...
.
&
Company,
10-
$1.75
5
8-16
9-10*
9-10
1
'
'
8-
-'8-26
SI
12-
$1
4
11-12
3
8-
4'
(quar.)
preferred
7%
Delaware
3.70 %-i preferred
Del
Monte
Denver
Co.
7%
preferred
preferred
8-16'
8-. 6 !
8-28'
$17%C
,1/ 45c;
!
9-1
r
'9-
8- 2
.
1
8-
8-18
9-1
.8-18
93 %C
9-1-,
8-18
40C
9-10
8-31-
25CV
.
0-
-
8-10
1
8-10
35c
:—
9-
9-15
25c
1
(quar.)
$1
—
35C
;
18c
common...!.!—J
9-10
9-
•
8-16
:
8-14
8-13
1
$1.75
—
.....
9-10
9- 1 /
9-1
60c
(quar.) ____
(quar.).....—....
8-27
9-30
92 %C
—*
:
1.
9-20
9-30
::
$1
—
pfd.
2
9-1
93%C
■■
Stockyards" (quar.)
Dentists "Supply; (N,: y.)!;
'. !
;
.
$2 : "9- 6
$37 %C
'
Properties...
Union
9 -; l'-
10C
■'
—-
(quar.)
4%
(quaiv)
8-17
8-16
'
———
—
Power & Light,
•
Hudson
9-1
15c
(quar.)
&
.
10- i
10-1;
$1.75
12-23
12-23
'
Derby
Oil Co.
(Kansas)
5%
non-cum.
9- 8
Diamond
Match
6- 9
!
9-14
8-1(1
iDisney (Walt)
6%
(quar.)
preferred
Realty (quar.)
Co.,
participating
6%
common
preferred
Productions—
convertible prefened
DisStdn
50c
.9-15
50c
—-—
!;
11-15
Stove—
Detroit Mortgage &
8-21 f
10- 1 ^ '9-15
Iquar.)—_
8-25
$1.75
(quar.)
common
Fund, Inc.
9- 1
•
8-16
1
10c
50c
Delaware
8-20
756
9-
1
$1.50
-56 'AC
1
9-
.
2
$30c
———
Delaware
v
8-27
9- 1
;25c
9-15
10-
75C
!
9-10
9-15
37 %c
3
25C
(quar.)
preferred B (quar.)..
Walt, Inc. (quar.)—
Deere
Electric '
preferred (quar.)
9-1
$$1.50
(quar.)
Detroit-Michigan
;
'
9-
25C
3%%
De
8-14
8-21
.
.
8-25
common
(s-a)
8-15
9-15
$20
Dayton Power & Light, common
! 3% %' preferred A) (quar.)
8-20
9-15
„
-
80c
preferred (quar.).
Dahlstrom Metallic Door
(quar.)—
Darling <L. A.). Company
.
—Davis Coal & Coke Co. (quar.).————
Davis Leather, Ltd., class A
—
10^ 1
9- 4
9-15
1
25C
Inc
$4 prior pfd. (quar.).
$7
preferred (accum.).—
—
—
Curtiss-Wright Corp., common (irreg.)
Common (irreg.).———
—
—
8-20
9- 1
9-
9-15
Curtis Publishing Co.,
8-17*
»
9-14
50c
,
-
8-10
1
$1.25
Companies,
Curtis
8-25
6c
■
8-13
10-
$%C
common
(quar.)
preferred
(irreg.)
preferred
7%
■
Bowser,
Corp.,
Forster Securities,
&
Culver -Corp.
-9- 9
$1.25
$1.25-
-
preferred
Common
t
25c
;
9-10
40C
Cuban-American Sugar,
,8- 3
11- 3.
9-10
10-1
*
Cotton
50c
•
8-20
;
$1
15c,
Copper
Zellerbach
convertible
Crum
RR.—
Chicago Yellow Cab Co., Inc
Chile'
3
common
Inc.,
& Seal Co.,
9
93 %C
(quar.)—
*
Overall Mfg.! 6% preferred
Crown
7%
*
Bend
9-
,
25c
*
JL.
,
&
Cork
Crown
Pacific RR.—
preferred (quar.)
50c
preferred
$2
10- 1
9-17
9-14
9- 3
9-15 .9-1;
8-25
8-10
<
^
12 %c
5%
i,.
75c
(quar.)
Extra
Chicago Rock Island &
Chicago,
60c
•• •„
Rivet
8-20
(accum.)
A
class
$1
■
75c
(quar.)
preferred
50C
'
8-16
3
Cushman's Sons, Inc., 7%
8-31
11-30
$5c ;
Railroad
9-15
9-
60c
(quar.) ■!
Chicago
common
Mines, Ltd
Hill
5%
15C
(quar.)—.
(quar.)
Bearing Co.
9-
25C
Corp
(quar.)
Boston
9-12
$1.50
—.
(quar.)_
(quar.)
Boston
5%
Ltd.,
Products,
preferred (s-a)
8-
1
9-
'
$25c
$25c
,
Chicago Corp., $3
———
Tobacco,
Aluminum
Boston
-
1
&
Bluihenthal .(Sidney)
Bohn
30c
(quar.)...
Bryson, Inc.—
preferred
(quar.).
Blaw-Knox
Block
Inc;,
1
9-
8*15
.50c
$1.12% §
Corp.
&
9-
Corp.—.
Petroleum
Crown
10-; 1
9- 1
9-30
40c
Co._.„>
8-10
Bird
10-15
$1.12%
12%c
15c
(quar.)
(quar.)
Champion Paper & Fibre,. common
;
$4.50 preferred (quar.)
1
—
25C
37 V2C
Crompton & Knowles Loom Works
Crown Cork International Corp.—
8-10
.
Mills
Ribbon
9-
(quar.)
9- 1
Products
prior preference
8-14
Corp.—
Petroleum
Creole
9-17;
20c
20c.
,
50o
Carpet, common
(quar.)—
9-30
!> V-h!-
Corp.—
quarterly
j Quarterly
Certain-teed
1
*
25C
convertible preferred (accum.)
Company, 3%% preferred (quar.)
5%
Crane
8- 9
9- I.
8-15
8-16
9-10;
8-13
90c V
15c>.t
(quar.)
3
10-1
10-1
9- 1
9-15
9- 1
9- 1
10- 1
8-31
85c
pfd. (quar.)
(quar.)
Common
9-
(quar.)—
preferred
Cosden
$4
40c
Power, 3.40%
Century
$1
—-
5%
8-9
9-1
.25c
common
Century Electric Co
50c
-
'
9- 1
10- 1
10- 1
10- 1
10- 1
8-31
$1.25 «
$1.12%
pfd. (quar.)
pfd. (quar.)
conv.
8-20
45C
—
—
Corrugated Paper Box, Ltd.,
Central Ohio Light & Power Co.—
9
$1.75
(quar.)
Extra
Bigelow-Sanford
6% preferred
9-15
37%c
$1.02%
I
!
(initial)-!.;
preferred
,
9-10
9-13
10-15
50c
2c
;
Service,
1
preferred
(quar.).—
Refrigeration (quar.)
$3
8-12
8-16
9-1
9-15l
9- 1
9- 1
9-30
8-14
9-11
9-11
9-22
9- 1
8-14
9- 1
9- 1
9-15
10- 1
17 %c
27%C
(quar.)__!—
preferred
Central
Beneficial Industrial Loan—
'■
4%
Public
Illinois
Central New York
8-14
0-15
-
$ loc
Foundry Co., 5%
9-
Copeland
'
•
Quebec
8-12
$1
Warehouse
Central Illinois Light Co., 4%%
Central
8-14
9-
$1.06%
_
Central
8-18
12 %C
——
Detroit
Central
8-16
i5c
8-12
8-23
$4.20
Common
(increased
quar.)
$1.10 preferred (quar.)
Central Cold Storage Co. (interim)
8-16
9-
25c
preferred
—
v
8-16
9-
$1.18%
Extra
Belleterre
«
Cassidy's, Ltd., 7% preferred (quar.)
Tractor Co. (quar.)
Arizona Light & Power—
8-31
50c
(quar.)
1
Belding-Corticelli, Ltd., common
7 % • preferred
(quar.)
Belknap Hardware & Mfg
Bell Si Gossett Co. (quar.)
Bell & Howell Co., common—
4(4%
9-15
8-20
40c
Extr3.
I.)
(J.
8-20
1
*
8-20
1
9-
(interim)
Continental Mills, (irreg.)
Continental-Diamond Fibre
Cook Paint & Varnish, common
$3 prior preferred (quar.)
Cooksville Co., class A (quar.)
Cooper-Bessemer Corp.—
Common (increased quar.)
Central
3
30C
pfd.
Inc.
Co.
(quar.)
8-23
$38c
$1.06%
50c
933/4c
50c
50c
50c
$1.12%
40c
$1.75
5c
$$1.75
75c
common—___—
preferred
1
9*
$3.75 preferred
(quar.i^
Continental Casualty Co. (quar.)
8-16
9- 1
$6.50
Caterpillar
37 %C
Shoe Corp.,
S.)
Mfg.
Co.,
1st
9-
62% c
Co.
common
9-14
50C
(initial)
Can,
1 '
11-
1-
9-30
50c
—
Press, Ltd.,
Continental
8-10 '
:
25C
preferred (s-a).
Consolidated Theatres; Ltd., class A
Consolidated Water Power & Paper
—
Consumers Gas Co. (Reading, Pa.) (reduced)
Consumers Glass,
Ltd. (quar.).
Consumers Power Co.
$4.50
preferred (quar.) J
—
$4.52 preferred (initial quar.)
—Container Corp. of America"—
4%
preferred (quar.)...
—
Continental Assurance (quar.)
8-23
8-20
$20c
25c
Company, common
7%
preferred (quar.)
Cassels 5c to 10c Stores (quar.)
Ltd4
_____
Inc
Mills,
Belden
Paper
(quar.)
Case
8-13
$37 %C
,
Bathurst Power Si
Co.
Ltd.
Carpenter Paper Co. (special)
Carpenter Steel Co.__
Carrier Corp., 4%
preferred (quar.)__
Carson. Pirie, Scott & Co.. 4%% pfd. (quar.)
9-10
9-15
Barber
Barnsdall
Railway
Corp.,
Z
334%
9-10
$25C
$1
<$$$ Extra
A
$50c
$30c
(interim)__.
(quar.)
Western Natural Gas Co., Ltd.—
Carnation
10-
$1.75.
—
class
$$1
Capital Wire Cloth Mfg. Co., Ltd.—
$1.50 convertible preferred (quar.)__
1_
Carman
&
Company,
4%%
pfd.
(quar.)
8-14
5c
25c
—
—
i
$1.20
(quar.)__
'
Extra
15c
(quar.)
com.
pfd.
preferred (quar.)
Capital City Products
preferred
Bancroft
8%
12-
5%
8-13
8-25
11-26
9-1
9-1;
9-1
4%
Steel
Corp.—
convertible preferred (quar.)
convertible preferred
(quar.)
9- 1
9- 1
9-15
12-15
10- 1
10-1
10- 1
10- 1
9- 1
(quar.)
$1.05
Works—
preferred (s-a)_
Balfour Building, Inc. (quar.)
10- 1
9-10
1
9-
87 %C
(quar.)
(quar.)
*
class A (quar.)
Consolidated Textile Mills, Ltd.—
Common
■
1
10-
$25c
(quar.);
common
Paper
Consolidated
Consolidated
Trust,
(quar.)
:
1
$4c
4% preferred C (quar.).
Consolidated Laundries Corp.
9-15
9-13
Quarterly
Canadian
7%
Baltimore
Investment
(accum.)
Lamp Co., Ltd.
:
(quar.)
(quar.).
preferred
4%%
10-1
9-28
preferred
9-io
9-10
8-
9-30
10-
$1
$7.50
(quar;) ——————
6"%> pfd. (quar.)--
Baltimore,
of
Co.
$$1.25
$15c
$15c
$$2
$$1.25
Ltd
Co.,
International
Motor
9-30
10-15
$1.50'
8-13
8-16
$20c
$$1.50
...
Ingersoll-Rand
Canadian
8-18
1
(quar.)..
5%
Ltd.,
1
Baldwin
6%
A
;
25c
Inc., 40c preferred (.quar.i——
Consolidated Edison Co, (N. Y.), common..
.$5
preferred
(quar.)—
Consolidated Gas Electric Light &
Power
Ltd.—
Co.,
:8-^6
•
——
Power
Connecticut
7-29
7-29
8-16
8-Jl
8-31
8-31:
$75c
Machine
Ice
t
9-10
Connohio,
8-23
8-23
9- 1
10- 1
10- 1
10- 1/ '
$25c
$$1.12%
—
Quarterly
Canadian
8 18
8-30
12 %C
(quar.)
4%%
10-9
25c
(quar.)
(quar.)
common
8-10
8rl0
1
20c
(quar.)
Collieries Corp.
Foods,.' Inc.
1
1
9-
40c
(quar.)-
99-
25C
(quar.)
Common
8-31
8-31
8-31
$18%C
;;
10-1
-9-16
40c
Congoleum-Nairn, Inc: (quar.)
—
Connecticut tight/ & Power, common-*;--**
Canadian Foreign Investment Corp., Ltd.—
25c
preferred
(quar.)
(quar.)_
America
of
(quar.)
common
6
20c
Investment Co. (Del.)
Telephone Co.—
$5 preferred
(quar.)——
Community Public Service.—
Conde Nast Publications
(quar.).
—
Cone Mills Corp. (increased! _—>—
Confederation Life Association (Toronto)—
8-14;.
9-15
9-15
$20c
$25c
$25c
preference (quar.)
4%%
8-M
1
9-
25c
(quar.)
(quar.)
Ltd.
Co.,
Ltd.,
Products,
ri~+.
Class A
convertible preferred C
Gear
A
Aikman Corp.—
Inc., common
8-io:
i
9* 6
$1
Corp.-
Stores,
*
8-10
1
9-
87 %C
Commonwealth
Commonwealth
Ltd.—
Foundry,
$15c
Company—
series A convertible preferred
Automotive
&
$12%C
-
(quar.)—.
Automatic .Canteen
Car
9-10
9-1
•
8-27
8-15
8-15
10- 1
t$l
$25c
$50c
...
(quar.)
9-15
Autocar
5%
(quar.)__
(interim).:
B
$15c
Ltd., common
'
Class
8-31
$5c
(quar.)
Mines, Ltd—
Electric Service Co.,
Auto
A
Class
10- 1
50c
preferred (quar.)—
5%
preferred (quar.)
Colorado Central Power Co. (quar.)
Colorado Fuel & Iron Corp.—
5% convertible preferred
(quar.)
Colorado Milling & Elevator Co. (quar.) —
Columbia Broadcasting System, Inc., class A
Class, B ';w—:—
:
Columbian Carbon Co. (quar.)
Ltd.
(s-a)
—
Commoil,
9-17
8-20
9- 1
8-10 ;
9-15
8-30
8-30
9-15
9- 1
9- 1
f37%c
f40c
}30c
t50c
(quar.)__ $(1.12%
$15c
...
Canada
8-20
1
9-
(quar.),....!
Iron
$1.12%
Connecticut River Power,
Foundries, Ltd., common.....
6% non-cum. preferred
(s-a).
Canada Malting Co., Ltd.
(quar.)___.
7-30
$4.50
A
Canada
8-18,
8-13
$1.50
Railroad
Line
Coast
Atlantic
40C
.9-1
4%
8-31
8-31
8-20
9-15
9-30
9-20
9-20
9- 1
40C
Colgate-Palmolive-Peet Co.—
$3.50 preferred! (quar.) — -—
&
J
8-27
9-15
-
b-14
Co. —.—.——————Coca-Cola
International
Corp
Cocnenour Willians 'Gold Mines, Ltd
Cockshutt Plow Co. (s-a)
—
Colonial
8-11
8-27
9-15
50c-
.
.
2-10
9- 1
$1.25
Coca-Cola
Collins
11-10
2-15-49
$1.25
i
8-31
11-15
$1.75
"
•;'9-15
.
12-24
$3.50
(quar.)
Clinton
Industries
(monthly)
Clorox
Chemical
(increased quar.)—.—-—
Coast Counties Gas & Electric—
4% preferred A (quar.)
Coal
Clinchficld
8-3
8-3
8-24
7-31 '
8-11
8-11
8-11
8-11
8- 2
8-18 ;
8-4
9-1
8-20
8-13
9-15
9-15
9- 3
10- 1
$2.50
t32%c
flOc
t20c
(s-a)
Co., Ltd., $1.30 pfd. (quar.)
Crushed Stone, Ltd.......
& Dominion Sugar Co., Ltd. (quar.)
Foundries & Forgings, Ltd.—
Canada
9-15
•
15c
343/®c
Cement
Canada
9-30
$5c
30c
'
&
Atlantic
preferred
Canada
7 %
•'
-
3
1-
$1.75
(quar.)——:
stock (quar.)'—
special guaranteed
regular guaranteed
4%
8-10
-
preferred (quar.)——
& Pittsburgh RR. Co.—
$4.50
—
50c
$25c
(quar.)
:
Oil
Insurance
50c
5%
-
8-18
3%
Extra
Ashland
Life
States
(s-a)
Forge Co., common (quar.)
5%% convertible preferred (quar.)
Camden Refrigerating & Terminals—
(cash
Corp.
quar.)
dividend
(quar.).
Camden
Carpet Co.—.
Formerly
...
common
Special
Co.
8-27
9-20
40c
(quar.)
(quar,).
Power,
,9-30
'9-14
25C
Cleveland
8-16
8-17 ;
8-16
8-12
9-7
9- 1
9- 1
9- 1
9- 1
9- 1
9-10
8-31
9-1
9-15
9-15
9- 1
9<« 1
2%%
(quar.)
Equipment Co* common
5 %
preferred (quar.)
Clearing Machine Corp. (quar.)
Cleveland Electric Illuminating
8-17 ;
9- 1
9-1
25c
75c
37%c
87%c
87 %c
$1
15c
30c
$1.12%
$1.75
15c
15c
9-1
n
.!
8-10
-
35C
1st
Clark
8-14
0-.l
• 1 25
:•
(quar.)
Co., common (S-a)-
preferred (quar.).
7% 1st preferred (quar.)
City Water Co. of Chattanooga—
5%
preferred (quar.).———
7%,
V, 9-20
8-27
9- 1
9- 1
•
25c
25c
.
Inc.
50c
Light Co., common
preferred (quar.)
quar.)
...
__
City Auto Stamping Co.
City of Paris Dry Goods
Concen¬
&
(F.)
Manufacturing Co
Burlington Mills Corp., common (quar.)
3%%
preferred (quar.).
3V2% convertible 2nd preferred (quar.)..
1
10-15
Gas
4 % %
Mining
Eurkart
9-15
Extra
50c
Atlanta
45c
20c
50c
•
.
Ltd....
Inc.
trating
8-13
9-
56 (4c
—
-
•
—
preferred <quar.»——'
Milling Machine Co., common—
4%
preferred (quar.)
Cinzano, Ltd., 5%% pfd. (s-a)—*•
9- f ;
$1.25
10- 1
$1.25
9- 1
5c?s*; 8-26
(quar.)..
__
.
v
Inter-Terminal RR. Co.— -
Cincinnati
8-16
8-10
8-14
8-23
8-13
10-15 ~
8- 2
8-20
8-20
9-1
9-15
.......
(quar.)...
•
Co.__
Fund,
Hill
9-15
.'
(quar.)
(quar.)
8-26
9-13
9- 1
10-31
9-15
9- 1
9-15
9-15
!
93 %C
preferred
(quar.)
$4 preferred
(quar.)Aro Equipment, 4%% preferred
Art Metal Construction (quar.)
$3.75
i
Buell
(quar.)
$5 preferred
Budd Company,
12-18
10-
common
preferred
9-24
12-18
40c
(quar.)
$5
9-30
$1.50
(quar.)
Co., $6 prior pfd.
&
8-3P
12-23
50c
75c
12 %c
50c
$15c
$$ 1.12%
25c
$1.25
25c
50c
$1.12%
(irreg.)
common
——
4%%
Buckeye
Brunswick-Balke-Collender Co., com,
Extra"
!
8-10
9- 1
9- 1
of Company
Cincinnati
/
25c
(quar.)_„_...—.
Mfg. Co. (quar.)
Pipe Line Co
12-23
25c
—
—
participating preferred
Participating !*.
Argo
Brunner
8-10
9-10
'
37%c
$1.10
$1.50
25c
30c
90c
tJUc
12 %c
20c
25c
$3.60 preferred
(quar.)
Bruck Mills, Ltd. (quar.)
1-21
9-10
$1
$1
$3
—
(s-a)
Archer-Daniels-Midland
Bigelow
&
Brown Shoe Co., common
10-22
9- 1
$15c
25rt
$6
.
(quar.)
6%
,
*
convertible
Brooklyn
.
Mills—
Cotton
Common,
Common
—
...
Brooklyn
7-15
1
9-
11- 1
$1.50
$1.50 1-31-49
(liquidating)-!
Apollo Steel Co.
(interim)(interim)-——.
Ltd.
Co.,
&
Department Stores, Inc.—
preferred (quar,)
*
Borough Gas, 4.4% pfd. (quar.)..
Garden Apartments
6%
1*
'
10c
75c
.—
6%
prior preferred (quar.)
6% prior preferred (quar.)—
Anglo-Canadian Telephone, Ltd.—
Class
A
(quar.)1---——
Inc.
G.)
,
common—
Co.-
Mining
•'
Anchor Post Products—
Anheuser-Busch,
(T.
Brown
(quaf.)
pricir preferred
(quar.)
Lead
:
-—
...—
8-26*
8-26*
9-15
9-15
$4 convertible
7'$ preferred
1
9-
9-17
$1
$1.50
8-31
8-25 f
8-25
9-30*:
8-16
10- 1 ;
9-3
9- 3
8-25
8-25
25c
9-1
50c9- 1
62%c
9-10;
(quar.)
Co.
Bristol-Myers Co., common
334%
preferred (quar.)
'
75c
Tobacco
■;
'
Casket
Burial
Payaole of Rec.
Share
Name
Holders'
When
Per
Holders
$25c
10-15
40c
9- 1
93%c
10-15
British-American Oil, Ltd., common (quar.).
$25c
10- 1
3%% preferred (quar.)
—$$0.234375 ,! 10-* 1
British Columbia Packers, class A (s-a)—,$37%c
9-15
Clas B (increased),
$2oc
9-15
Bright
30c
Steel
5,
(Indianap¬
(quar.)
American
Boyertown
8-30
50c
Smelting & Refining, common..!.,!,
Per'KWhen
Brager-Eisenberg, Inc. (quar.)
Brewing Corp. of America (quar.)
Si-
Seating
American
8-31
23, 1943
Monday, August
Shares Pay aole of Rec.
Name of Company
:
8-13
12%c
quar.)
(reduced
(irreg.)
Razor
American
Co.
Payable of Rec.
Share
'
•
Holders
When
Per
,'Name p/ Company
CHRONICLE
FINANCIAL
&
1
(Henfy): & Sons
____.....
(quar.).....
(s-a)
.
—*-T
lc
(accum.)—
!9-15_
5
8-31
"
"*8-W!
9-;
i
75c
9-
1
8-19
$2.62%
10-
1
4
!'-'37%c
r
(quar.)
9-1
ll!
75c
0-3
:
8-20
Volume 168
Number 4727*
THE- COMMERCIAL
When
Per
Name oj Company
Share
Per
Name
General
•
Luxie
Cup
Co.,
Class? A
Dobbs
Dr.-
Pepper
5%
preferred
Dominion Bridge,
Ltd;
5%
Dominion
Donohue
mover
Dow
(quar;)
3%%
preferred
Corp.
Louis
(quar.)
preferred
Massachusetts
Street
preferred. A
; (monthly),
(monthly).
Manufacturing
Eaton
9-15
9-15
8-24
9J1Q
8-20.
.
9-
1
8-11
9-
1
8-11
9-16
10-1
1
9-3
9-
1
8-14.
21c
1
"
$80c
.—
Natural
:4.10'/e
Gas,
preferred
'
8-16-
9-17
8-20
Rutgers Fire
Rubber
4 Y* %
preferred
Howe
Sound
Co.
V-
9-20
9-
9-30
9-15
9-
1
8-18
9-
1
8-18
9-
1
8-12*
4
1
9-15
9-
3
convertible
9-20
9-
9-20
9-
1«
10-
1
9-
3
10-
1
9-
3
Ltd.,
$1.06%
Emerson
Drug, Co.,( 8 % pfd. (quar.)
Electric Mfg. Co., com. (quar.)
preferred
iquar.)-*—
Empire & Bay State Telegraph—
■/■/ 4% guaranteed
(quar.)___:
50c
Emerson
5
;
Di'4tiijct
Electric,
common
pfd.
(special)
8-26
5 %
preferred
9-
1
8-26)
5 %
preferred
62V2C
(quar.)
10-
$1
{'
9-15
9-
8-16
a-
1
8-16
$1
9-15
$1.25
(quar.)
9-15
8-16.
9-15 i
8-14
$121/2Ci
(quar.);
Ireland
(initial),
8-25
25c
Indemnity
Co.
(N.
Y.)
8-27
Tea
Co.,
9-
8-20
1
9-
1
8-13
Inland
Co.-r-
Endicott
$1
.
clears
*.
$3
preferred.
Erie
&
<
Pittsburgh
;{% preferrtc.
i; 5%. preferred
Fair
s-a)
Fajardo
Extra
12-31
Shares
*f
Far quar (A. B,.)
Company (quar.)
Farreli-Birmingham Co. (irreg.)
Federal Enterprises, Inc.. $1,25 pfd.
Federal Mining & Smelting:
Federal Mogul Corp.—
Ferro
Enapic-1
Finance Co:
Stock
;
.,
1
at
8-13
class
7-21
7c
8-31
8-13
Intertype
3c
8-31
8-13
Investment
15c
8-31*;
8-13
6%
5c
8-31!,
8-13
Iowa
8-31
8-13
8-31
8-13
8-314
8-13
8-31
Shares
9-
Electrical
7-21
1
9-1
12-
9-
12-
l
s
Food
1
8-13
1
8-
Administered
Extra
;
10c
Class B
1,;
8-16
8-27
8-13,
Investing
'
4 V2 %
9-30
9-15
Bank
First
Shares
Extra
5%
1/4/Additional
(quar.)--
Dock
6%
p-6%
Co.
is-a)
of
class
Corp.
&
Trailer
1
9-30
9-20
8-31
8-16
9-30
9-15
Hamilton
Hamilton
,
4%
4y4.%
Hammond
8-27
8-
6
Hancock
8-
6
Co.
1
1
25c
9-
1
9-
i;
1
9-30
9-10
9-30
pfd, (quar.)_
12-20
12? 3
pfd.
9-
1
9-30
;■■*
r
9-
$2
1
common
20c
Fireprooi'ing Co.,
Motors
com,
General
Corp., common
(quar.)
(increased)
9-11
9-16
9-1.
9-10.
CO
1
8-12
11-1
11- 1
10-
Advertising
Co..
25C
9-11
9r,15
General
4.40%.
Refactories
Co.
(quar.)
v
j
8-25
Telephone
C.orp., common,
preferred- (quar.)
General Tire
.
&
Rubber
(quar.)—
(qqaf.)— 5,i
9-29
50Q.
Wholesale
Glass
Mining
9-15
? ?t:.
10-
10c
1
9-13
35c
9-10
8-31
60c
/
*_***
9-20
9-7
93%c
*—
11-
1
10-18
3
9-
3
4
95c
9-
1
$1
9-
l'H
'
Johnson (quar.)__*
Oil Refining Co., common
;_*
Laughlin Steel Corp., common*—_
preferred A (quar.)
&
5 %
Vegetable Parchment Co.
Kansas City Power & Light—
3.80% preferred (quar.)____!
8-31
8-13
8-31
8-13
8-31
8-13
Kawneer
8-31
8-13
Kendall
8-31
8-13
8-31
$4
8-13
8-31
1010-
1
9-15
Inc,
preferred
B
1
9-
1
9-
1
1
8-14
12-20
share, for
(irreg.)
12-10
8-17/
8-20
1
1
9-
4%
1
8-16
9-
1
1
each
8-16
9-10
-
1
8-12
$1.50
10-20
11-
$1.12V2
17V2C
10-,
10-15
1
6,
La Consolidada
1
8-20
Lake
8-25
10-
8-14**
1
8-13
9-17
9-10
9-
10-
9-15
34%c
(quar.)
9-15
8-31
7'/ac
(quar.)
2
1
9-21
9-
1
8-16
Hires
9? 7
Hqbjitt Mfg, Co.
/
9-30
9-13
510- 1
9-15
Holt
8^20 /
Honolulu
-
Co.
8-10
12-22.
3-22
A.),
6%
Fabrics,
$1
9-10
8-27
Lee
(H.
31c
9-1
8-20,
25c
8-27
8-17
25c
9-24
9-14
25c
quar.)
9- 1
20c
25C
—
-
9-1
50c-
10-
.
-
,
1
•
8-16
Liggett & Meyers Tobacco Co.
9-1
8-23
Lima-Hamilton
9-15
8-27
Lincoln
i: 9-1.
•-
Savers
25c
$10c
Corp.
Life
(quar J
(quar.)—*
8-16;.
8-9
8-12
1
8-181;
•
/
8-13
8-25
8-31
8c
8-16
9-
2
8-10
2
J20c
9- 1
8-
$1
37V2C
9- 1
8-9...
8-31
8-10
9- 4
>
8-20
9-. 1,
8-16..
9- 1
9-1
8-15
9-15;
8-25
40c
-
9- 1
8-11
50c
9-10.
8-25
40c
9- 1_
8- 2.
$1.75
.
.
8-10
50c
3iy4c
t
(quar.)———
Insurance
8-16
1
9-15
50c
.
——>
3;
8-16
9- 1
9- 1
25c
40c
_____
—■—-
8- 3
8-
1
8-14/
10-
37V2C
(quar.)
9-
*
8-23
7V2C
35c
Corp.————
National
8-12
9-1
9-
25c-
(quar.) _**"*,
Life
1.
8-23
9-1
9- 1 :
$1.25
(quar.)*^—
Glass
9-15
10-15
>
9-15 K
$18c
35c
Co,- -(quar.)________
Libby-Owens-Ford
8-10
8-24
(James)„; & Son$; (quar.)—
8-13
9-
25c
$2
8-20'
9-22
12-22;
.
1
11-
8-31
Lexington Water, 7% preferred-(quar.)—-
8-20
.
8-10*
9-29
(irreg.)
preferred
A
12-28 ;;
9- 1
60c
Lehigh Portland Cement (increased quar.)—
(quar.)--—
1
$1.12 Vz
(quar.)___—_
Lea
10-19
9-
$0.1552
8-17
10-29:
.
Ltd.—
1
'25c
8-17
$40c K.
$$-1.75
Machine Co.
5%
9-10
9-IO
$1.12y2
preferred*
Milling Co.,
9-10*
1
10- 1
50c
(quar.)
Mines, Ltd.
Electric,
10-
$1.,
50c.;
35c
9-
Salt
4
8-14
$1.75
87>/2C
Leslie^
9-
8-16
$1.50
8-17
Leland
9-9
8-25
(quar.)
1
'
9-21
1-2-49
8-31
(quar.)
Company
1
f
4-1-49
40c
(quar.) "*__
Inc.
10-
9-10
15c
9-
:
(increased)
9-10 K
8-25
(M.
Dr)
9-15:
1
9-27
9-27
37V2c
25C
(quar.)
Corp.
(S.
Lanston Monotype
Lees.
9-24
11-10 -'
37V2C
8-26
------
(Henry) $1 class A (quar.)—
Oil
10-
•
1
37Vac
9-15
common
(reduced
11-20
37%c
(quar.;_*
25C
preferred % (quar. )
(Charles E.)
preferred
Lansing Stamping Co
Laura Secord, Candy Shops, Ltd.
(quar.)__
Le Tourneau (R. G.)V Inc., $4 pfd. (quar.)
(quar.)-—.
1
10-
H.), Inc. (quar.)
Lane Bryant,/Inc.
(quar.)
Lane-Wells Co; (quar.)
—1-——
8-14;
10-
30c
—
9-
25c
:
Lamston
8-19
$1.25
(quar.)
Lake Superior District Power Co,, common5%% preferred (quar.)
5% convertible 2nd preferred (quar.)
Lakey Foundry & Machine Co.—
Lamaque Gold Mines, Ltd.____—*_.
1
1
1
12-30
Co./(quar.)-
Woods
Shore
9-
9-
25c
preferred
Lake
share
15c
the
Common
9-17*?
9-14
♦
of
9-15
10c
preferred
8-30
8-20
25c
(quar.)
$1.50
2nd preferred
9-10
9-
50c
1st'
7%
8-20
1
10c
Inc., common*
preferred (quar.)
(S. S.) Company (quar.)
Kress (S. H.) & Co., (quar.
Kroehler Mfg., 4y2 %. preferred A (quar.)__
4V*% preferred A (quar.)
Kroger Company, common (quar.)
Laclede-Christy
7-31
1 '
9-
$1.50
(quar.)
9-30
8-27
9-
$2.50
Koppers Co.,
6%,i
10r20
f
$3c
$5
—
$1.37 V2
8-13
50c
4 %
8-16
1
8-13
30c
Kresge
9-, 3
9-
-
pfd.
v
8-16
9-
preferred
Common
3 '*■
3
6V4c
60c
preferred (quar.)
Koehring Company
8-16
1
9-
dividend)
pfd.
Corp., common
convertible
1
Ltd
(quar.)
(quar.)
Knudsen Ci-camery Co.
(Calif.)—
9-10:
9-
25c
(monthly),
x(monthly)
Common' (monthly)^
Hotels
Mines,
99-
15c
Company,
preferred
preferred
$1.50
8-25
50c
Common,
Hilton
Gold
—*
prior
$1.50
8-16
75c
Fibre
Kirsch
9-10)
9-10
$1.20
_
$5
8-17
9-10
25c
(quar.)
Co.,
8-18
9-17
aK
25c
Extra
9-15
10-
—
-
(quar.)
1
1
9-
Kingsbury Cotton Oil, common (quar.)
King-Seelcy Corp., 5% conv, pfd. (quar.)—
Kinney (G. R.), Inc., common
9-15
30c
(cash
6%
9-
10-
Company, new common
(initial).
Co., $6 preferred (accum.)
$6 prior preferred (quar.)*
Keystone Pipe & Supply, 5 %-preferred (s-a)
7-31
8-18
75c
Kerite
8-13
9-
IK
$1,18%
(quar.)
Kerr-McGee Oil Industries, common
$1.20 convertible preferred
(quar.)
9-
8-13
9-11
$1.12V2
—
Kerr-Addison
10-
common
Common
4
(quar.)
9-17
$1.06V4
Brewing Co.
Products,
common
8-20
1
9-
8-13
9-30
25c
8-26
"
Company,
8-20
10-
9-11
25c
9-15
25c
(quar.)—
Corp*,
quar.)
__^
9-15
25c
(Vfe
(quar.)
Ext 1*3,
8-10
Co.
(G.j
(initial
Company
$4.50 preferred (quar.)
Kentucky Utilities, 4% % pfd.
Kern County Land (quar.)
8-13
1
preferred
Extra
8-13
8-31
37V2C
Heyden Chemical Corp., common
3'/2-% preferred A (quar.)——
55C I
8-31
9-30
8-20
9-
$1.12 V2
Co.
Co.
dividend
50C
25c
8-20
1
$1.06 V*
(quar,)-Hathaway Bakeries, Inc.
(quar.)
Hawaiian
Pineapple, Ltd.
(irreg.)
7%
8-20
25C
common
(quar.)*—
(s-a)_*
Kalamazoo
Hibbard, Spencer, Bartlett & Co.—
10-4
$1.25
General Precision Equipment Corp.——
General
Harrison
Heywood-Wakefiqld
rt O
93%C
:
9-10.
$1.25
$!-.9- 1
15c
10- 1
30c
11-
1
*
"
9-1
50c
9-15
8-18
10-1
...
•
*—
(quar*)*,
Sulphur, common
*
!'8-31
9-10.
10c
•
(quar.)
.
8-10
11-10.
10-
25c
(quar.)
common
Refractories,
Steel
11-10,,
$1
_
preferred
Outdoor
(M.. A.) Company,
preferred
(quar.)
$4.25
Hercules
8-20
11-25
$1.75s
40c
—:
1
9-
V
1
$1.25
15c
50c
11-10
84 %c,
912-
8-13
50c
Cement
■
$5- preferred- (quar.)
of
Hercules
9-13
11-25
$1.!.
_
(quar.)
f
8-13
9-10
3
25c
(increased)
(quar.)
30c
30c
1
____*_.*i
8-31
8-10n
(quar.)
Hewitt-Robbins,
.*___
pfd.
9-1
9-15
8-31
1
(quar.)_
Stock
$1
...
Mills,; Inc.; 3% %
Co.
A
Helleman
Finance
(s-a)
9-15
9-15
(quar.)__
Co., common (quar.)
preferred (quar.)
3%%
10-15
9-25
1
(quar.)
California-
8-16
9-1
$75c
25c
933/4C
.___
(quar.)—
9-
9-
Co.
8-16
1
(quar.)
Engraving
Supply, common
preferred
>
1
1
$1,,
9-15
9-
Oiler
9-
Ltd,—
preferred
Co.
9-15
5
9-
(quar.)
common
9-
25Cr
Corp.
4% ; convertible preferred C
5% preferred A (s-a)—
8-17
10-
t22»/2c
Hemisphere International Co.—
Quarterly
Hendry (C. J.) Company, 5Va%
Henke &
Pilot, Inc.-
9-30
$1.75
Batteries
8-17
1
10-
9-17
9-16
3iy4c,
(quar.)
7%~ preferred
Oil
B
Hecla
8-14
10-1
!
15C;
(quar.)
1
1
10c
75c
(quar.)
—
preferred
9-
9-
50c
*7C
Instrument
Hazel-Atlas
9-18
75c
(quar.)
9-30
$1.50
20c
Co.—
6% preferred (quar,)
Harris (A.) & Co., 5f2% pfd. (quar.)
Harrisburg Gas Co,, \xk% preferred (quar.)
8-16
25C
(quar.)
Co.,
Harbison-Walker
1
$$1
Supply, commpn—
•
9-10
300,
4%
$1
•••
8-13
25c
8-18
9-
10c
(quar.)
1
8-31
25c
8-18
9-15
5;
8-23
9-
Johnson
$25c
(quar.)
Class
8-13
14c
8-
9-30
Jones
37V2c
Ltd.
Class
8-16
9-
300
Corp.
Co.,
9-
10-30
12-31
9-1
•
$1
Tea
Keyes
9-15
56i/4C
(quar.)
30c /
$1.75
Johnson &
75c
8-16
8-20
1
41/2%
Hanna
common
of Canada, Ltd.,
Packing
Cigar
1
10-
8-31,
:
Co.r—,,
___
Paper Co., common
preferred
(quar.)_
preferred
(quar.)
6
1
8-20
9-10
9-20
25c
Ltd—
Watch
6
1
8-13
25c
Well Cementing
preferred
8-
8-27
8-31
9-10
:
-
8-13;
$1.25
(quar.)
Hammermill
9-
9-
Inc.
Cotton,
8-
$1
Company,
9-30) f
$1
20c
t40C
$1.10
—
(quar.)
Stores,
Mines,
8-27
9«
Sugar, $5, preferred (quar.)
Utilities, common (quar.)—,
—
Bros.
9-10
62V2C
,
9-3
8-13.
35c
•.
Corp.
(quar.)
Lime & Alabastine of Canada, Ltd.—
Quarterly
Hajoca Corp.
(quar.)
8-27
.
(quar.)
Quarterly
.
—
9-21
8-31/
8- 9?
8-31
5c
—-—
Co.
Halliburton Oil
8-11
C
8-13*
2c
Oil
Hallnor
1
25c
investors
7%~ preferred
$3.75
-
8-21
$2.75
(s-a)
preferred (quar.)
Co, (quar.)
Co., common (quar.)
convertible
General
9-
Jewel
aypsum
8-27
9-
1
25c
Co.—
Sulphur
Dry
9-
9-15
$25C
pfd.
_/
Baking Co., $8
■
8-16
9-10
7%
8-13.
6C
preferred
50C;
$25C
A
'
Builders
General
8-16*
1
$25c
General
General
1
9-
15c
—
Canada,
General
General
9-
Gulf
8-16 =■
8-16i:"
25C
..
,
General America
General
1
1
—I
States
$4.40
1
9-
$1,121/2
preferred, (quar.)
preferred- (quar,)
General
12-
—
Watch
$25c
Co.
(Robert)
5%'
1
$1
convertible
Gair Co.
Shares
50c
(quar.)
8-18/
40c
Manufacturing
Jefferson Lake
8-13?
8-31
8c
Shares
Hale
preferred ' (quar,)
Garlock
Extra
Tobacco
Co.
-
Fundamental
Gair
3
9-
121/2
Simon
Fruehauf
..'4%
9-
8-31
25 c
&
&
Foster-Wheeler
•4¥2'%
9-15
9-10
1
Ltd.***
_*_—
preferred
2c
9-15
10-
$5
6C
Shares
Steel
$1.25
(quar.)
Dredge
9-1
—
Machine
6c
Shares
Shares
3
1-1-49
9
9-
9»:T|..
50c
preferred/(quar.)
&
'8-31
8-31*
1
8-
75c
(quar.)—
Jamaica Water
8-13
$-l'3
8-31
9-
8-31
lc
Equipment
Stock
9-
1
f
8-31
9-13
8-25
9-10/
3C
Shares
Extra
5c
Pitt Bridge Works
(quar.)
Wayne & Jackson RR., 5 V2 %
Freeoort
4
40c
-
Company
Connell
1
9-10'
6V2C
—
Bond
Gulf
Extra
Franklin
9-
Extra
Railroad
Guantanamo
—
Hotels
Fort
9-20
$1
Light, 4M>% pfd. (quar.)_
Florida Telephone Corp., common
(quar.)
Food
Machinery Corp
Fort
5
25C
Power
B
9-
40c
^
10-
17c
llVsC
Shares
8-20
Company, common
preferred
(quar.)
".Class
8-31
9-10
75c
"Quarterly
Motor
9-10
9-15
Jahn
8-13*
7c
8-31
t
$1.06 V*
75o
9c
Utilities
T
Ford
Petroleum
9-7
preferred
Shares
Shares
Gruen
.
Ford
8-20
$1.12'/2
■
:/:/l Extra
9-20
Co.—
Flintkote
■
Mining
Railroad
(quar.)
9-13
(Conn.)
Service; common
Fireman
8-13
-
2
8-10
1
———*—
Co*
Foundation,
Quarterly
8-31
7c
1—
.
8
8-14
Fitz Simmons &
Florida
8-18
held)
Iron
8-31
9c
8-
If;
3c
9-
1
9-
Rubber
■?.< Fishman (M. H.)
$4
Merchandising
8-20
9-24
9-
lc
Corp. (s-ai
Stores, Inc
Corp., $2 preferred (s-a
Carpet Co., common (quar.)
Firth
9-10
3.75%
Jaeger
8c
Railroad
Stock
8-13
910-
(quar.)
of
(quar.)
Silver
convertible
8-.13
5C;
Priced
9-15
the
Fund-
Co.
Corp.
Public
8-31
14c*
Extra
$1
National
First York
.•
10? 1
*
—
$2.50
&
preferred
First
seven
7%
pfd.
Canada,
Harvester,
Nickel
preferred
$4
llCt
Company .Shares
40C
and
1
9-10
20c
$1.25
Cigar
International
2c/
9-
1
'
10c;
Machinery Shares——.—.
Institutional Bond Shares^
$2.50
Industrial
Tire
Shares
Industrial
9
(initial)
new
Financial
t: Firestone
7V2C
4V2C*
Bond
(initial)
new
Shares
—
8-28
9-
Shares
Shares
General
11-18
9-11
Equipment
Extra
7-21
1-1-49
$1
A
9-
50c
8-13
Baltimore—
the
on
/" cl. B (three shares for each
Class A
•
America
30c
9-
8*13
8-31
50c
Corp.-
of
dividend
International Paper Co., common
8-31
18%c
Co
8-20
2Vic
8-13
8-31
35c
& Dyeing
8-20
1
(quar.)
8-31
4c
31V4c
__,
Fchton United Cleaning
Machines
Business
International
2c
Low
(quar.)
1
9-
25c
International
10c
$2.50
*
9-
50c
8-13
Shares
•
Quarterly.
8- 9";
t20c
$37!/2C
Co
8-13
Shares
37'/2C
Inc. (quar.)
Farmers & Traders Life Insurance Co. (Syra-
Copper
•
8-31
Chemical
25c
—
9- 9
Ltd.—
8-31
Building
—
50c
-—
8-17
•"/
'
group
9-25
Aviation
50c
Silgar,
Falstaff
Shares,
9C
,
8-17
9-30"
'
_____
1
9-20.
25c
(quar.)
&
common—
7c
Shares
8-11
9-30
75c
Consolidated
International
8-20 /
1
9- l
13y2%>
Machinery*
International Educational Publishing
$3.50
preferred
(accum.) i—
10-
9-20
$1.25
Co.—
Brewing
Corp.
Fanny Farmer Candy Shops,
;
Agricultural
1
Fully
Co.
8-23
11.25
9-
6
$3
*-*•
International
(quar.)
1
$1.25
(quar.)
&
8-20
1
10c
.
Color, Ltd.,
9-
9-20
12-20;
12-30
37Vac
(quar.)__
Bank Group Shares, class A
10-
$4.50
75c
(quar.)
*,
&
Stock and bond
10-
25c
(The)
Fairbanks ..Morse
1
9- 3
9-15
«1.25
—
5c
preferred
payment.
tquar.)
A
9-
30c
8-13
RR.—
A
50c
1
9-13
9-30,
3%?
Britain
Great
Co
Institutional
7
$1
_
(This
preferred
9-
1-25-49
8-
Group Securities, Inc.—
8-21
1
8-20
9-15
Griggs Cooper & Co,-^-
9-15
Steel
40C
*
k
all?. arrears)
convertible
'20c, preferred
1
9-1
15c
Paper—
Tap & Die Corp.. (quar.)
Greenfield
—
Inspiration
30c
common-
Northern
•
'
9-
$1.25
$1
.
convertible
Great
9-15
9-15
Automobile
,4% preferred (quar.)
Eqpity Corp., rommon (resumed
$3
9-
28c
(quar.
preferred* (quar.)
Corp., common
Johnson
White Plains, N. Y. (s-a)
Great:Lakes Engineering Works,
'
of
(interim)
Special
8-13
<
10-
*
8-16.
9-15
$1
$1.75
common
8-16
50c
Indianapolis Railways, InCi
!
Indianapolis Water, class A (quar.)—,—-»
5% preferred A (quar.)**
4 Ya% preferred series B
(quar.)
Industrial Rayon Corp. (quar.j^.
Industrial Silica Corp., 6V2% pfd. (accumri
Ingersoll-Rand Co., new common (initial)*
—
10c
8-16.
1
(s-a)—
1
Quarterly
1
9-
:
8-16
9-
tlOc
61
8-25
9-15
9-18
8-31
_-__*-,*i..———
9-15,
J25C
9-30
$1.jo
$1.50 conv. partic. preferred (quar.)
Indiana Gfas & Water (quar.)*—******—*
8-
9-18
J$1.25
Imperial Varnish
1
9-30
"
8-14
1
7
8-11
$1.50,
*
9-
9-
7
8-
9-10
:
12Vac
8-14-
9-
8-
25c
9-15
$2
8-13
9- 1
9-1:
30c
(quar.)
(quar.)
Co.
3 /
9-13
10c
Mortgage Corp. (quar.)
& Door Co., common
6#r preference
Imperial Tobacco
8-12
9-
12V2c
A
(interim)
8-12
9-15
.
9-15
35c
8-20;
1/
i
-
$1.25
Ltd
JI2V2C
$2
9-18f
9- 1
oOc
(quar.)
preferred
Common
8-16
'
1
9-10
(quar.)
preferred (quar.)
Hydraulic Press Mfg., 6% pfd. (quar.)
Illinois Central RR; Co.* 6%^-non-cum. pfd.*
Imperial Tobacco Co. of Canada, Ltd.-?-
1
1
10-
$1.06 Y*
(quar.)
5%
7
9-
9-
$1
5%
8-12
37V2c
(quar.)
common
series
9-20
1
50c
56V4c
(quar.)*
Erie
&
Huttig Sash
7.
9-7
9-30
37'/2c
Huron
.
8-iy
9-
1
10c.
_
8-19
9-11
9-30
•
(quar.)
preferred
Refining (increased)—
Humphreys Mfg. Co., common
6% preferred (quar.)
Hunt Foods, Inc., common (quar.)
8-26
10-1
(quar.)
Pacific
8
;
9-
$1.25
(quar.)
&
1
5c
(irreg.)
&
9-
IOC
Oil
r
12V2c
National Bank (N. Y.)
(s-a)
Grafton & Co,, Ltd,1,/class A (quar.)
Grand Union-Co. (stock dividend) —
common
9-20
$1.12'/2
pfd,
5%
Power
Corp.,
9-
9-11
7fo„ preferred
(quar.)
Great,Eastern Fire Insurance
9-15
1
25c
U2V2C
5"/<•.. 1st
< quar.)
Emsco, Derrick & Equipment—
convertible
1
9-30
10-
$1.75
%£preferred
4%..
10-
25c
—
7%
Eiripiie
,
25c
&
9-
'
$2
4%
Co.
8
Extra
-
4%% preferred (quar.)
Ely.& Walker Dry Goods
(
convertible
Humble
*
—
(H.\W.)
9-
—-—
$2.50
$2.50-
Extra
Gossard
3
9-20
-
Co.—
1
preferred
Mfg..; Co.
9-
25c
(quar.)*
Hudson Bay Mining & Smelting,
Hudson Motor
Car.
(quar.)
1'
(quar.)
Co.
Great;: Atlantic
150/
$1.02 y3
Insurance
Brothers* Inc., common (quar.)-.
preferred (quar.)———
Great; American
.
"
60c
iquar.)_:
9-15
10-
56 %C
Goldblatt
New
9-15
9-15
50c
__
-
8-10
1
9-30
Grace
$25C
(quar.)
common
10-
;
8-10, i-
8-25
$1
Investment Trust, Ltd
Papeh Co., Ltd.„ class A (quar.)
Eiectrolux Corp. (interim)—
Elgin National, Watch Co. (quar.)
Stores
35c
2nd preferred
(s-a)
Junior preferred (s-a)
1st preferred
(s-a)
,
9-15
8-25
Howard
(quar.)
Gordon Mackay Stores, Ltd., class A
Class
B
(quar.)
8-14
9-25
75c
_T.___,**
8-25
21C
8-25
50c
$5
$5
9- 3
10-
9-10
$2.25
8-27
9-28
—
Co.,
3
8-
30c
Corp.—
Light
quar.)_
Goodall-Sanfoi'd, Inc.,
common
(quar.)
4preferred
(quar.) ——:
^—
Goodyear Tire: & Rubber Co^ com. (quar.).
9-1
Iloudaille-Hershey
Houston
87MiC
(quar.)
Co.,
&
8-24
8-31
15c
*
—
(quar.)_
A.)
9-15
40c /
Gorham
(quar.):
(increased
common
State
preferred
(Geo.
9-15/
15c
preferred
preferred
$2.50
8-23
25c
Corp.
Co.
4V2%
1
■
Golden
2/
(quar,)__
$1.06 V4
;
1
.(quar.)
Brewing
•Extra
10-
.
"
20c'
$15c
(quar.)
$3.50
Company,
&
9-
2/
pfd.
common
common
10-
common
8-20
$1.50,
Eddy
Paso
Extra
4V2 %
Goebel
9-20
1
$1.75
(increased)-
Economic
El
1
9-
1
9-10
10-
v
$1.50
.
Extra
1
10-
,
Sugar
Common
,
"
Ry.—
(quar.)
Steel" Products,; Ltd.
Associates
15C
$1.12 V2
Harvester
Glidden
9-10
Company,
$1.50i
5%
1
$1.75
Common
/
9-15
5C
Gleaner
Globe
9-20
9-
Corp.
Goodall
.
.
8-20
$1.50
*
Eastern States Corp., $6 pfd." B
' $7 preferred A
(increased)
Eastern
-
Co.—
(quar.)
Eastern
1
1
45C
(quar.)—
(quar.)
'preferred
:ist
v
1
$1.12 Mi
Interurban" Water
6%
Eastern
'
9-30
10-
9-15
30C
__*,.
(quar.)
&
.
common
Chemicals, "inc.
Co.
7%
:
.
-
Plastic's &
:Ea$t St.
8-15
1
9-
93 %c
(quar.)
preferred
Picher
'
1
10-
371/2 c
—
8-18
9-
50c
(quar.)
Girdler
1
15c
r
(quar.)
8-16
10-
$3,:
(resumed)
-
Inc.,
%
Ea&le
1
Co.,
Co:,
Hoover
6%
(quar.)
$1.25.
preferred
(A.. C.)
9-
preferred
Payable of Rec.
Share
Rapid Transit,
Electrochemical,
$4.25
Hormel
(quar.)
Products
4V2%
*
Electric
ii Bradstreet,
:
7-30
9-15
$25c
common
preferred
Gerber
11-
$25c.
(quar.)——__——
.
9-
$62'/2C
;—
(quar.)
_
preferred
Durez
,/■;
Ltd.
Co.,
8-14
1
8-25
$371/2 c
.iquar.)
$2
.
■■ y -y
8-17*
1
9-10
50C
Gilbert
Ltd
Industries, Inc.,
Duntout
Duh
Co.
Corp.,
9-
$$1.25
$30c
-—
_
Drug
Dravo
8-20
8-31
9-
50c
,
Georgia-Pacific: Plywood
&
Lumber
Co.—
$1
preferred,
Georgia Power. Co.,. $6 preferred (quar.)
$5
Bros.,. Ltd
Rocsaway RR/(s-a)
&
Dresser
I
Chemical
&
1
$1.501.
-f
Holders
When
Per
%.
Honolulu
Hooker
Vf
'
t
Name of Company
8-17 x
stock scries $6 preferred
KJash
44/1.000. of a:share of-common stock)
—
___
Stores.
Tar
9-
9-10
Holders;
8-30
4$
(785)
Payable of Rec.
10c
(irreg.).
com.
Extra
Ltd.—
Corp.,
Investments, Ltd.—
(accum.)
preferred
Dominion
—
Corp.,
Georgia-Carolina Brick & Tile- Gor (quar*).*
8-16
When
;
Share
y
(quar.).
9-10
15C
<quar.j
Dominion-Scottish
1
8-31
of Company
Shareholdings
CHRONICLE
Optional
X or
8-20
15c
_
(quar.)
Investment
Atfgm
10-
15C,
Mfg.''Co.
&
9-24
8-23
9-15
62y2c
■
(quar.)
Co.
Doernbecher
's
25C
'
4
3
9-15
ii5c
(guar.).,
8-
8-30
11-
71/2%;
(quar.)
common
Houses,j/Inc.
Domnuon
12ya%
*
FINANCIAL
Holders
Payable of Rec.,
Distillers
Co.,. Ltd.—
American.;, deposit receipt (interim)
American deposit receipt (final)—
Distillers Cbrp.'-Seagrams, Ltd. (quar.)
&
8-I9
9-15
10-23
!
(quar.)_
Lincoln Stores, Inc., common
7% preferred (quar.)
Link-Belt Co. (increased)
;
Lionel Corp.,
—
.
(Initial quar.)
new common
(quar.)—
Liquid Carbonic Corp., common
3%% preferred (quar.)
Miami
LiUle
Co.—
RR.
::wyj£;
,-
Original capital
—
Original capital
Original capitalSpecial Guaranteed
(quar.)—..
Special Guaranteed
(quar.)
Special Guaranteed
(quar.)
Loblaw Groceterias Co., Ltd.-—
Class A
(quar;)
i—
-
Joint
Pipe Co.,
.
v
5%
convertible
convertible
preferred
> 62%c
convertible preferred
Taylor, 6% 1st pfd. (quar.)
——
Louisiana Land & Exploration (quar.)
•'
$1.50
&
Extra-
Nashville
&
Lowenstein
(quar.)—
RR.
& Sons
(M.)
25c
15c
88c
:
—
Louisville
\ J
,
Lowney
Mfg.
».'4%% preferted A
Lyon
Sales————
&
(quar.)
Inc.
Products,
Metal
Extra
Corp._
Petroleum
MacMillan
(quar.)
Ltd.
Paper,
&
Power
—
_
__
__
(R.
Co., 4 % %
Shirt Co. (quar.)
Mapos,.Consolidated Mfg. Co.
Marathon Corp., 5% preferred
Manhattan
Massey-Harris,
$1.25
—
(quar.)
60c
(quar.)
$1.25
5c
. $25c
Realization
Mar-Tex
cor.v.
(quar.)
redeemable pref. (s-a)
Ltd.,
common
$62%c
60c
(quar.)
Master Electric Co.
(quar.)
preferred (series 1947)
$3.75 preferred (quar.)
Martin-Parry Corp.
(extra)
Masonite Corp. (quar.)
$3.75
Mfg.,
McCord
50c
50c
$1.50
preferred
(quar.)
(irreg.)
(quar.)
common
$2
Stores Co.,
9-1
Abrasive
Mid-West
MUler
(quar.)
5c
Co.
prior preferred
Light,
Gas
25c
$1.75
$1.25
$1.37I/a
$1.27%
$1.50
50c
80c
50c
(quar.)
7% preferred (quar.)
Minneapolis Gas, 5% preferred (quar.)
5%% preferred (quar.)
$5.10 1st preferred (quar.)
6%
preferred
(quar.)
Minneapolis-Honeywell Regulator, common..
3.2-% preferred (quar.)
Minnesota Mining & Mfg., common (quar.).
$4 preferred (quar.)
Minnesota Power & Light Co
Public
Missouri
8-26
9- 1
9-13
8-19
Jockey
convertible preferred
Monroe Loan Society, 5%%
$75c
$25c
t$1.75
t$1.75
20c
$1.25
37%c
$2
25c
59%c
$1.62 %
$1
$44c
20c
40c
Co.____.
8-24
8-10
11-10
8-10
8-18
9-3
8-27
8-27
8-27
8-27
8-14
8-14
9- 1
8-31
8-27
9-16
9-24
10- 1
8-319-10
$1.75
Motor Wheel Corp..
9- 3
:8-14
8-14
C.) Company (quar.).—37%c
Muskegon Motor Specialties, class A (auar.)
50c
9- 1
9- 1
9- 1
8-14
8-16
:■
*'■■■'■■
•>*''
(quar.) ————$1.60
9-28
9-18
$1.50
12.28
12-16
Muilins
Mfg.
Corp.,
$7 preferred
$1.75
(quar.)
Murphy (G.
Mutual Chemical
6%
6%
preferred
preferred
(quar.)
_
8-16
'
(Hawaii)—
(guar.).—
preferred A (quar.)
Mutual Telephone Co.
.
4.80 %
4.80%
preferred A
_
Nash-Kelvlnator Corp.
Acme
National
Dehydrating
preferred (quar.)
National
Automotive
Biscuit
7%.. preferred
National
350
9-12
Fibres
Co.,
&
9-24
(increased
(quar.)
quar.)
Co.,
National-Standard
__
(quar.)
$1.75
8-31
50c
10-15
(quar.
9-10
10-
1
0^15
9-24
9-14
$1.25
50c
10-
1
9-17
10-
1
9-17
37 %C
9-
1
25C i
—
9-15
8-314
8-23
8-
25c
9-15
60C
9-
20C
$1
9-10
9-30
50C
1
$3
1
$2
9-
1
8-25
8-
8-25
8-
5
3c
8-25
8-
5
8c
8-25
8-
5
8-25
8-
5
10c
8-25
8-
5
8c
8-25
8-
5
IOC
8-25
8-
5
4c
8-25
8-
5
6c
8-25
8-
5
15C
8-25
8-
5
15c
8-25
8-
5
12c
8-25
8-
5
16c
8-25
8-
5
2c
8-25
8-
5
10c
—
Industry Series—
Industry
Utility
Series.
Series
Equipment Industry
Steel Industry Series
Tobacco Industry Series
Diversified Investment Fund
Diversified Industry
Shares
Bond
Corporate
8-
&
Ry., common
Western
preferred
convertible
5
8-
5
8-25
8- 5
8-25
8-
5
Plastics
8-
5
Pleasant
10-
1
9-
1
9-10
L
8-31
9-30
9-15
$1
9-10
8-25
J75C
9-15
9-10
8-11
9-30
9-
9-10
8-27
10-
75c
J8c
50C
:
50c
25C
10-
E.
10-
African
South
of
Oil
9-22
1
Tube
Seamless
12-16
Line
1
9-20
12-16
$1.50
$1.37%
9-20
8-31
9-20
8-31
15c
10-15
9-24
$1
8-25
8-13
$1
9-
1
8-16
$1
9-
1
8-16
9-13
60c
Pure
10-
8-
2
9-20
1
1
8-16
9-10
8-16
9-
9-
1
8-12
t$l
9-
1
8-12
-
Otter
9-
9
8-20
t25c
10-
1
8-27
$$1.75
9-
1
7-28
55c
9-
1
25c
9-15
8-15
9-15
8-15
$1.12%
9-1
8-
9-
9-15
9-25
15c
3
8-16
1
20c
8-31
8-20
50c
common
Falls Corp.,
9-10
8-10
9-10
8-10
Lumber
Co
Tubes,
Economic
Ltd.
Corp.
Pen Co.
Parmelee
Transportation
Patino Mines &
8-11*
1
8-11*
10-
1
9-15 *
9-
1
8-
8-25
1
9-
1
9-13
8-28
10-
1
9-20
10-
1
9-15
$1.50
10-
1
9-15
(quar.)
9-
1
8-20*
25c
10-
1
9-10
62 %c
9-
1
8-17
1
8-17
$1.37%
9-
$1.75
9-
8-16
9-
$1
9-15
9-1
9-15
,9-1
1
8-20
10-1
9-15
40c
(quar.)
;
$1
8-25
8-5
64c
9-23
9-10
8-31
8-16
1
8-20
$1.06%
9-1
8-20
20C
9-24
(quar.)
(initial)-
50c
25o
,
(quar.)
y
9-
8-28
!.:
if:.
8-27
9-27
9- 3*
5C
8-26
8-12
'
8-12
8-26
37 %c
1
8-14
9-
1
8-14
9-
1
8-16
35c
(quar.)
9-
25c
class A
9-
1
8-16
9-
1
8-16
Corp
(quar.)
$2.50
9-
1
8-21 -
15c
Co.
9-
1
8-19
*3c
9-
8
$1.25
1
9-20
1.06%
9-
1
8-13
9-
1
9-
1
Indiana—
(stock dividend)—
of
share
a
held.
87%c
quar.)
40c
(initial)
com.
9-10
8-23
8-14
8-14
9-' I
9-30
'
—
(quar.)
common
1
9-30
9-
9-10
8-18
25c
(initial)
common
35c
50c
preference
Inc. (quar.)
Co.,
&
Gas
Indiana
for each share
Co.
9-
1
8-6
50c
9-
1
8- 6
$1.25
10-
1
9-10
60c
9-
1
8-1T
$25c
(quar.)
preferred
Electrotype
Packing
Rayonier,
5
10-
Purity Bakeries Corp. (quar.)
Purity Flour Mills, Ltd., common (s-a)
Quaker Oats Co., 6% preferred (quar.)
Quaker State Oil Refining Corp
Quebec Power Co., Ltd
Ralston Purina Co.,. common (quar.)
Rapid
8- 5
10-
10-15
Colorado—
of
(quar.)
Co. of
9-
1
8-13
9-15
8-25
$2
7-16
37 %c
9-8
9-15
3
9-
1
10-
25c
9-15
35c
preferred
:
8-27
t25c
93%C
9-10
;•
B' L,
8-17 ;
50c
10-
1
9-17
37 %c
9-
1
8-14
50c
9-
9
8-19
12%c
10-
1
9-15
9-15
8-20
(quar.)
Ray-O-Vac Co.
(increased quar.)
Reading Co., 4% non-cum. .1st pfd.
2
8-31
40c
Co
Inc.,
8-
$1.50
(quar.)
Co. (quar.)
(quar.)
j
Reading Tube Corp.—
participating class A (quar.)
Hosiery Mills, common (quar.)
(quar.)
50c
15c
Silk
$1.25
10-
1
9-10
$1.75
prior preferred A
preferred (quar.)
7%
Red
Owl
Stores,
10-
1
9-10
Inc.
preferred
43A%
$1.18%
(quar.)
A
1
10-
8-30
25c
9- 3*
10-
1
9-3*
$40c
9-
1
$40c
12-
1
25c
Inc._
10-1
25c
Brothers,
9-
1
Knitting
Mills. Ltd.—
preferred (quar.)_*
(quar.)
Reliance Mfg. Co. (111.), common (quar.)-..
3% % convertible preferred (quar.)
Remington Arms Co., Inc. (interim)
Remington Rand, Inc., common——
$4.50 preferred (quar.)___
1
i.
Republic Insurance Co. (Texas)
(quar.)
Regent
$1.60
non-cum.
$1.60 non-cum. pfd.
4% %
8rl9
87 %C
10-1
9-8
10c
8-30
8- 2
25c
10-1
9-9
$1.12%
10-1
9-9
30c
8-25
11- 1
.
16-IO
15C
10-15
15c
i
10-10
9-20
9-10
25c
9-1
8-10
X"
90c
10-1
9-10
Mfg. Co., common (quar,)
preferred (quar.)————i,
40c
9-15
$1.12%
9-1
j,
(quar,)
—
.
—
Reynolds (R. J.) Tobacco Co.—
3.6%
preferred (quar.)—
Rheem
8-13
11-12
'
25c
8-25
8-16
^X'
'
'
J1
Rice-Stix Dry Goods—•
1st preferred
2nd preferred
7%
7%
Richfield Oil Corp.
—
Rio
Grande
River
Raisin
Valley
Paper
Gas
Co.
Robinson,
9-18
10-
_
'
9-1
0-15
9-3
8-23
7-30
10c
commonJ
preferred (quar.)
8-16
9-10
5c
__.
9-18
$1
——
1
9-15
50c
(quar.) —
——________
Little & Co., Ltd.,
10-1
50c
(quar.)—
Textile Corp., common
preferred A (quar.)
$4
$1.75
$1.75
(quar.)
(quar.)
Riegel
4% % convertible
held).—
8-16
10c
Robertshaw-Fulton ' Controls,
Enterprises Consolidated, Inc.
(One share
of Paticon
dividend
8-10
8-20
50c
8-16
$40c
8-20
1
2
9-
5c
(quar.)
•
9-10
50c
-1
$1"';:-
,
r
$1.25
Revere Copper & Brass, Inc.——
9-
8-11
53 %c
8-14
1
5
9-15
15c
8-2
9
1
(quar.)
1
40c
8-14
1
9-
6
8-13
10-
(quar.)__
8-25
9-
9-
30c
Republic Petroleum
A
8-23
9-11
10-15
8-16
35c
—
Ltd. for each two shares
1
9-
$1
8-31
9-15
1
5%
—
9-
50c
9-1
-—
common.——
20c
1
9-10
10-
$1.25;.
.
(quar.)
8-16
75c
90c
(quar.)
preferred
8-16
1
50c
30c
—
(increased)
1
9-
91'4
common
Republic Investors Fund—
6% preferred A quar.)
6% preferred B
(quar.)
$1.12%-
Power Co.,
Parkersburg Rig & Reel Co.,
Co.,
9-
56 %c
5
8-15
1
9-15
$1.20
Co..
Pacific Mills
$4.25
9-
$5.25
•
9-
25c
(quar.)
preferred
5%
Reeves
—
1
9-1
y
25c
8-20
—-—
Tail
r
(quar.)
div.
5%
tax—
4%% pfd. (quar.)
new common (initial)
$3.60 preferred (quar.)..—
Outboard, Marine & Mfg. Co.—————
Oxford Paper Co., $5 preferred (quar.)
Pacific Finance Corp, (Calif.) (quar.)----—
Oswego
9-30
50C
of
Oil
Real
25c
.Extra,"'
25C
9-
25C
Corp.
preferred
Pullman,
t$1.50
Corp.
Oliver
30c
9-30
Extra ;;
4---—,
Industries,- Inc.,
Olin
8-10*
(quar.)
preferred
$1.40
10-
Inc., $2.25 preferred A (quar.)_
Life Insurance Co. of America-
Quarterly'"-^
1
1
Inc.
Service
3%%
12-23
15c
4 % % pfd. (quar.)
Ohio River Sand, 7%
preferred (accum.)
9-
9-
iquar.i
Public National Bank & Trust Co. (N. Y.) —
10- 4
1
12-23
$1.12%
Power Co.,
Ohio
Co.
Prentice-Hall,
40c
Ohio
1
1
25c
(quar.)
Steel
Food
Pratt
20c
(quar.)
Co.
9-
10-
Proprietary Mines, Ltd.
Prosperity Co.j 5%
preferred
20c
(quar.)
preferred
$2.20
Ohio
1
$1.25
(quar.)
10-
35c
Rath
——
8-17 1
$1.50
(quar.)
of America
Potash Co.
3%%
(quar.) —
9-15
9-10
25c
Water
deduction
Ogilvie Flour Mills, Ltd., common
7%
preferred (quar.)—
Ohio Associated Telephone—
8-?6
$1
B
6/100
93%C
-
8
9-30
2%c
Portsmouth
9-10
11-
Liberties Gas
(quar.)
4%
(quar.)
O'Okiep Copper, Ltd.—
Payment of 3s 9d or 69%c after
8-20
9-
7..
75c
Company,
Class
Northland
preferred
preferred
9-10
Valley Wine
Common
80c prior
6%
8-20
50c
(s-a)
Materials
4% %
87 %c
Greyhound Lines—
3% % preferred (quar.)
Northwestern Public Service—
4 V2 %
preferred (quar.)
Norwich Pharmacal Co. (quar.)
Nova Scotia Light & Power Co., Ltd.—
8-13 V
1
$50c
Public Service
80c prior
Northern
9-
9-
35c
Public Service Electric & Gas,
preferred
preferred
North American Investment Corp.—
6%
preferred
(accum.)
5'/2%
preferred (accum.)
North American Refractories (quar.)
North Pennsylvania RR. Co. (quar.)
Northeastern Water Co., $2 preferred (s-a)_
$4 prior preferred
(quar.)
8-13
9-10
Electrotypers, Ltd.—
Company
&
Public
held__
preferred
7%
8-20
Quarterly -
American Finance Corp.—
North
1
8-31
87 %C
Extra
Poor
3
1
3
9-15
8-13
SEC. In
lieu of fractional shares of'Pacific G. &
E. cash will be paid in the amount of
433Ac for each l/80th share of Pacific
&
9-
Plymouth Oil Co.—
Plywood, Inc. (quar.)
Subject to the approval of the
G.
8-22
5
26c
(quar.)
preferred
Pittston
6-b
9/1
9-10
7%
8-16
30c
Co.
1
Pittsburgh, Youngstown & Ashtabula Ry. Co.
9-15
50c
(cash dividend)
Stock
dividend
(partial liquidating dis¬
tribution) One share of Pacific Gas &
Electric common on each 80 shares held.
American
5
8-
-
(quar.)
9-
Pittsburgh Plate Glass Co
Pittsburgh Steel Co., 5% pfd. A (accum.) —
5%% prior preference 1st series (quar.)
8-
$50c
(quar.)
American
$1.12 %
Co..
preferred
8-25
440c
(quar.)—
Mining, Ltd.
(increased)
Car Corp., common
Normetal
6%
8-25
w
(quar.)
Chemical Co., 4% pfd. ser. A
Noranda Mines, Ltd.
(quar.)
Nopco
9-
Pittsburgh Coke & Chemical Co.—
$5
convertible preferred
(quar.)
50c
Niagara Wire Weaving Co., Ltd—St.?—-iiNincteen
Hundred Corp.,. (increased)-,—..
Noma
Electric Corp.
(quar.)-.
——
8-22
1
(s-a)
Common
50c
News Shipbuilding & Dry Dock—
Niagara Lower Arch Bridge Co., Ltd. (quar.)
1
Pittsburgh Bessemer & Lake Erie RR.—
7c
Newport
910
93 %C
Pitney-Bowes, Inc., common
414% convertible preferred
8-25
8-25
$1
20c
—
(quar.)
Co.
Suspender Co.
Pioneer
8
9-21
9-
(quar.)
common
preferred
$4
5
15C
9-
9-15
(quar.)
common
common
Irregular
Pillsbury Mills,
17c
Company
(J. J.)
1
10-15
$2
(quar.)—
Co.,
Photo Engravers &
15C
Series
10-
„
25c
Co.
&
Hosiery
Phoenix
5
8-
9-15;
30c
preferred
3%%
5
8-
8-25
9-15
1
20c
Phillips Petroleum
18c
Stock Fund
Investment Fund
Coast
Newberry
North
8-25
8-25
Corp.,
15c
Preferred
Diversified
Pacific
5c
8c
10c
Series
Railroad
Philco
—
Series
Railroad
•
8-14
1
10-
40C
——
Philadelphia Suburban Water,
$3.65 preferred
(quar.)
5
10c
Machinery Industry
Series
Merchandising Series
$2
9-10
12c
Series
Stock
Insurance
Norfolk
8-16
1
10-
93%C
9-15
<
1
10-
$1.50
preferred (quar,)
"5% non-cum. preferred (s-a)
Philadelphia Electric Co., common (quar.)_
$1 div. preference common (quar.)
Philadelphia Suburban Transportation—
Quarterly
8-13
9-
9-
$1
$5
8-20
9-10
•
7
9-
1
8-11
56C
Company
Brewing
(Chas.)
1
$1.25
Metals
3 % %
preferred (quar.) —
Phelps-Dodge Corp,
Philadelphia Co., $6 preferred
7-27
9-10
10-
Equip.
North
H
50c
Industry
Electrical
Public
10-
Pfizer
8-31
9-
30c
Paul, Inc.—
Pfeiffer
2"
8-14
1
8-
1
9-15
$1.75
Company
Pfaudler
8-31
40c
$1
Peter
5
8-
2
8-24
40c
Series
Industry Series
Pood Industry Series
Government Bond Series
i
Chemical
Oil
t
8-1
9-
$1.75
(quar.)
common
(quar.)
preferred
Permutit
f40c
9- 1
$1.10
preferred
Permanente
8-10
9-15
12-15
11-5
2-8
Circle
'7 %
8-20>
f
1'
9-
1$1.25
Industry Series
Supply
Building
Metals
8-17
8-28
50c
——
Industry Serie^-—
Stock Series—
Bank
'
250 2-15-49
(irreg.)______
_______
Corp. (quar.)——
Perfex Corp., 4%% preferred (quar.)
Perkins Machine & Gear Co.—
■
4%%
Perfect
8-8
\'V' -;V'' *rSv
92V2C
—
Peoples Telephone Corp.,
$1.12%
-----
Seri
Industry
Automobile
8-10
8-16
9cl5
Aviation
Stock
30c
9-15
Series
Industry
Agricultural
Parker
National Container Corp, {Del,)—•
8-20
1
non-cum.
8-18
8-10
9-30
9-1
Stocks, Inc.—
York
New
$5
10-11
1
10-
pfd. (irreg.) _
New York State Electric & Gas Corp.—
3%% preferred (quar.)
Dock,
York
New
8-23
9-15
10-1
Zinc
Jersey
9-7
9-30
12 %c
Co._
—
New York Air Brake Co
New York Chicago & St. Louis RR.—
6% preferred A (accum.)
New
3
)5c
$1.12%
4% pfd. (quar.)
Power & Light,
Jersey
3
9-
1
11-
$1.50;
(quar.)—
Light
New Haven Gas
10-
$1.75
Ltd., 5% pfd. (quar.) —
Neisner Bros., Inc.' (quar.)
Neon Products of Western Canada, Ltd.—
Nestle-Le Mur, class A (accum.)
New Amsterdam Casualty (increased)
New Bedford Rayon, class A
(irreg.)
New Britain Gas Light
(quar.)——'
New
12-
1-2-49
$15C
(quar.)——
Co.
9- 3
' 8- 6
62 %e
10-1;
62 %0 1- 1-49
250
11-15
-
preferred (quar.)_
$1
preferred (quar.).
Pennsylvania Electric Co.—
3.70% preferred C (quar.)
4.40% preferred B (quar.)
Pennsylvania Salt Mfg. Co., common
Pennsylvania State Water, $7 pfd. (quar.)_
Pennsylvania Telephone Corp.—
$2.25 preferred (quar.)
Pennsylvania Water & Power, com. (quar.) $5 preferred (quar.)
Peoples Drug Stores, Inc. (quar.)
Peoples Gas Light & Coke (increased quar.)
5
8-6
9- 1
9- I
'>
•'
•
$1
8-17
10-1
25C
Pantepec Oil Co., American shares
9-10*
12-
1
9-
$15C
(William),
Neilson
Palestine
10-15
12-15
$15c
(quar.)
common
National Supply Co., common (quar.)
4V2 % preferred (quar.) —
—
National Tea Co., common (quar.)
Naumkcag Steam Cotton™.
Page-Hersey
40c
$2.50
preferred A (quar.)
—.—-—
preferred B (quar.)
National
Life &
Accident Insurance Co.
(Tenn.) (quar.) ____
National Linen Service, common (quar.) __
4%%
preferred - (quar.)
5 % preferred
(quar.)
<—-———
8-11
9-1
12- 5
$1.12%
6%
8- 9
25c
12-15
(quar.)
(quar.):
Common
9-1
$1.50
3iy4C
—
Telephone Co.—
Peninsular
Common
7%
8-24
.
$1.50
Class R
National Lead
9-1
9- 1
8-13
10-20
9-
,
(cash dividend)
Stock dividend
Package Machinery —
Milling
1
10-30
2c'
20c
(quar.).,
preferred
8-31
8-31
9-15 ;
9-15 J.v
$35c
(irreg.;
Peabody Coal Co., common
6% preferred (quar.)-
5%
$20CV
(quar.)..—.
common
(quar.)
preferred
7%
8-13
1
Holders
Payable of Rec,
Share
of Company
Paton Mfg. Co., Ltd.,
8-20
9-
}15c
preferred
(quar.)
Welding (quar.)
National Erie Corp. ;
,,
.
3% non-cum. 2nd preferred—
5% non-cum. 1st preferred
National Gypsum Co., $4.50 pfd. (quar.) —
National Hosiery Mills, Ltd.—
Class A (quar.)—;
—
Class A (quar.)
—
9- 1
12-12
62 %o
common
Cash Register Co.
Common
—-
8-10*
I
9-10
$12%C
Electric
Pacific
8-23
11-23
.
Canada—
8-10*
9-
$1.06
Convertible
$1
& St. Louis Ry.
Co
Alfalfa
Co., 5%
National
___
126
,
9-10
45c
Common
National
60c
Nashville Chattanooga
National
_»
12o
■
Old
-9-3
(quar.)
4 y4 %
8-20
lC
:
Cylinder Gas, common
preferred (quar.)
National Dairy Products
(quar.)
National Drug & Chemical Co. of
National
Name
Payable of Rec.
20c
When
Per
Holders
When
'
Share
Name of Company
8-16
lc
(quar.)
Extra
':v s
Ohrbach's,
& Development
Diablo Oil, Mining
Mount
,
$20c
(quar.).——-
8-13
9-15
9-15
9-10
9-30
34%c
50c
pfd. (quar.)...
Chemical, common (quar.)
preferred A (s-a)
........
$4 preferred B (quar.)
Montreal Cottons, Ltd., 7% pfd. (quar.)—
Montreal Locomotive Works
(quar.)
Moore Corp., Ltd., common (quar.)
4%
preferred (quar.)
7% preferred A (quar.)
v
7%
preferred B (quar.)
Moore-Handley Hardware, common
5%
preferred (quar.).
Moore-McCormack Lines
(quar.)
;
£ Morgan (J. P.) & Co. (quar.)_
Morris Paper Mills, common (quar.)
4%% preferred (quar.) _______
Morrison
Cafeterias Consolidated, Inc.—
Mills
8-18
9- 1
9- 1
9- 1
12-1
9- 1
9-15
10-1
10- 1
10- 1
10- 1
10- 1
9- 1
9- 1
$1.25
(accum.)
$3.25
Paper
9- 1
$1.25
50c
Monsanto
Mosinee
10- 1
9-15
8-14
8-20
8-13
8-13
9-15
8-27
8-31
8-31
9-1
9- 1
9-15
9- 1
9- 1
10- 1
9- 9
10- 1
Club—
5%
preferred
9-20
8-25
8-20
8-20
8-20
8-20
8-25
8-20
8-25
8-25
25c
$1.25
$75c
50c
$25c
$$1.12%
Machine Tool
Park
2
1
1
1
9- 1
9- 1
9-10
9- 1
9-13
9-13
10999-
30c
Service
common (quar.)
(quar.)
Mitchell (J. S.), Ltd.
(quar.)
Mohawk Carpet Mills, Inc..
Monarch Knitting Co., Ltd., common
preferred (quar.)
Monarch Life Insurance Co. (Mass.)
(s-a).
Monmouth
9-20
$1
preferred
Monarch
10- 2
55c
Utilities Co.,
Missouri
Co.
9-20
9-3
8-14
8-26
9-10
9-15
10- 1
9- 1
25c
50c
25c
Milwaukee
7%
9- 1
9-30
10- 1
9- 1
9-10
15c
(quar.)___
8-16
9- 1
9-10
Hart, Inc.
&
5%
9-13
9-13
$1.75
97%c
35c
Common
$1
10-1
10- 1
15c
preferred
$1
8-6.
8-17
—35c
Company
Corp.,
9-1
9-15
$1.62%
"
Oil
9-15
9- 1
9-1
60c
87%C
7%
preferred (quar.)
Metropolitan Edison Co., 3.90% pfd.
Michigan Public Service (quar.)
Michigan Steel Tube Products
8-26
8-3
9- 1
8-* 6
8-6
25c
(quar.)
Co., Inc., common (quar.)
preferred (quar.)
Merritt-Chapman & Scott Corp.—
6%%
preferred A (quar.)
Metal & Thermit Corp., common (quar.)—
Extra
8-21
8-21
8-25
8-16
8-16
8-16
8-16
8-10
8- 2
9-30
$3.50
Midland
9-20
11-15
9-10
Merck &
Midvalc
8-16
9- 1
,
8-31
15c
common
8-13
8-16
8-31
10- 1
8- 2
50c
$1.06%
50c
(quar.)
2nd preferred (quar.)
Mercantile
8-13
8- 7
8-20
9- I
9-15
8-17
9-23
25c
preferred
4%%
8-13
9-15
10- 1
62%c
(quar.)
Corporation, common
Mead
9-1
8-26
$50 %c
preferred
Publishing
$2.50
McGraw-Hill
Mclntyre Porcupine Mines
McWilliams Dredging
Co
9- 1
45c
-
(quar.)
5%
Corp.,
9-10
9-15
9- 3
25c
12%c
.--S'iai-—
Extra
McAleer
75c
85c
93%c
933/4C
(quar.)-
May Department Stores, common
$3.40 preferred
(quar.)
Maytag Company
;■
40c
$1.06 %
35c
(increased.)
preferred
Company
C.)
Maltine
8-25
8-25
8-31
8-25
9- 4
8-31
9-10
10-15
9- 1
9-15
10- 1
12- 1
9-15
9-15
9-10
9- 1
9- 1
,9-1
9- 1
< 8-24
8-26
25c
25c
MacWhyte Company (quar.)——
Madison Square Garden
(quar.)
Mahon
9-1
9- 1
8-2
9-15'
20c
35c
$50c
25c
(increased quar.)—
Extra
MacLaren
25c
:
—-
Mficlntosh-Hemphill Co.
3-20
8-17
10-1
10-15
9-15
9-15
$1.06
$75c
65c
15c
(quar.)——
(Walter M.), Ltd. (quar.)
Ludlow
12-20
: t-
,
,
9-20
10- 1
1-2-49
4-1-49
9- 1*
9-15
9-15
9-13
62%c
;X 62 %c
(quar.)
(quar.)—
5 %
Lord
9-21
8-20
■
c" >■
v--:•
(quar.)
preferred
.5%
8- 4
8-4
8- 6
8-21
.
9-13
Gas Co.
Ijorain; Coal & Dock—.
•
8-31
10-1
(quar.) ________—$2
(quar.)-,
—
—25c
preferred
Lone- Star
8-24 '
11-24
2-24
8-24
11-24
2-24
9- 1
9- 1
9-1
$25c
125c
20c
$1
——-
(monthly)—
common
.
:.
>
B
Iioblaw
8%
-
—
(quar.)____„—_____
Groceterias, Inc. (quar.)-.———
Class
Lock
——
•
■
$1.10
9-10
$1.10
12-10
$1.10 3-10-49
50c :f 9-10
50c
12-10
v 50c 3-10-49
_
Per
Holders
When
Per
Share ' payable of Rec,
30c
9- 1
8-24
$1.75 •
9-1
8-24
'.V
8* 4; :•
15c
8-31
8-11
25c
9- 1
8-14
87'Ac
9-1
8-14
Name of Company
Monday, August 23, 1948
FINANCIAL CHRONICLE
THE COMMERCIAL &
(786)
5»
9-20
,9-4
20c
_______
20UC
class A—
125c
10-
1
9-10*
10-1
9-10*
9-
1
8-14
ICv#
;
1;
t,.
V
ft
I*
Volume
168
Number 4727
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(787)
Per
Name of Company
Rochester
4%
Gas &
preferred
Rock
of
Ages
-
Electric
P
Corp.—
1
Co.
preferred
Art
Extra
Roos
1
1
4
8-20
Oil
9-1
8-16
held).
10-1
9-15
shares
10-
1
9-15
fractional
10-1
9-15
$$1.0654
Works
9-15
(quar.)
30c
'
9-
9-11
Bros.,
Inc.
(quar.)
9-11
50c
._
Roxy Theater, Inc., $1.50 pfd. (quar.).
Royal Crown Bottling Co. of Louisville—•
Cash
9-20
8-18
1
2
<quar.)
Saco-Lowell
Shops
(quar,)
Joseph Lead Co.
Joseph Water, 6%
St.
8-10
8-10
$$1.07
preferred (quar.)—
Corp., Ltd.-rpreferred A (accum.)——_
St, Lawrence Paper
Mills, Ltd.—
6%
preferred
9-
9-10-
$1.50
9-
>'
A
8
4\'2%
Stix
8-11
Stokely-Van
8-25
Stuart
$$L50
10-38
:
$60c
10-
Class
8
i
$1.25
common
$6
r
Real
preferred
Paper Co.,
$3.40 preferred
Co.,
(quar.)
Sears
Roebuck
4%
&
(quar.)
International
9-
1
1
8-12
9-
1
8-12
-
5%
class
A
Berrick Corp., class B
Extra
A
(F, G.)
(W;
Extra
Co..
(quar.)
com.
;...X
B
1
9-15
Texas
Gulf
9-
7
8-27
Texas
Gulf
8-25
9-15
9-22
9-
8-25
8-25
5%
(increased
preferred
Simmons
(Franklin)
(H.)
&
Texas
9-15
9-30
9-15
9-
l
8-13
8-30
Common
7%
9-
1
9-
1
1
9-15
9-
1
9-15
9-
1
9-
8-18
Ltd.,
4%
Class
Ltd.,
B
class
$$1.25
%
j.
.
(increased quar.)
Inc.
(increased
Eloss-Sheffield
Smith
Steel
(Alex.)
.Common
&
&
Sons
Toledo
9-15
8-13
9-24
8-20
208
9-14
9-
9-20
9-10
8-10
9-10
preferred
7-30
$1.05
quar.)
$1.25
(quar.)__
9-
1
preferred A
Co.
(qpar.)
Pulp
(quar.)
"
,5%
4"
Life
(quar.)
(quar.)
Stahl-Mever,
$3.75
Brands,
Common
9-15
1
$1.12ya
$3c
(quar.)
-
9-
9-
1
9-
1
9-15
10-
5 °
(quar.)—
——.,—r~
(Detroit)
9-
I
8-26
11-
1
10-15
$1
10-
1
40c
9-
6
9-10
pfd.
9-20
8754c
9-15
9-
4.
50c
9-15
_______
$1
10-
1
U.
8-16
7-30
c.,(7-.30
9-20
S.
9-
1
8-20
6
8
8-30
11-15
11-10
9-10
(quar.)
62 V2C
10-
1
$1
9-
(quar.)
2
of
Coal
Pacihc
Air
Brake
$1.25
(quar.)
B
Coal
7%
(quar.)
Wilson
'
pfd.
Corp.
preferred
(initial)
C.),
8-26
9-15
£-
25c
9-
1
8-17
9-
1
8-17
Printine
9-
5%
7-31
9-10
8-24
9-10
preferred
Electric
9-4
1;
9-22
1
9-22
10-
1
9-13
11-
1
10-22
9-
1
9-
1
$1
A
1
9-
1
Woodward
Woolf
1
9-13
9-10
9-
1
Iron
Bros.,
8-31
25c
9-
1
8-16
$1.06%
10-
1
9-13
35c
9-
1
8-20
8-27
8- 4
10-
1
9-
1
53c
W.)
10-
1
9-
1
10-
1
454%
8-27
common
8-
3
10-15
1
31V4C
tquar.)_
9-
1
8-20
8-31
8-13
25c
(quar.)__
31V4.cz
9-
1
8-16
8-13
25c
Co.
(quar.)_
8-16
8-19
8-19
9-29
9-13
56>AC
(quar.)
50cz
al5%
9-
1
8-20
9-
1
8-10
8-23
7- 2
preferred
convertible
$40c
prior
10-11
9-25
preferred
25c
9-20
9-
1
$1.12 Va
9-15
9-
1
$1.12 Va
9-15
9- 1-
com
(quar.)
(quar.)
8-17
9-15
3
3
50c
(interim)
prior
99-
'
Wrigley (Wm,), Jr. Co.—
Monthly
Monthly
:
Monthly
9-15
I
1
9-
& Co., Ltd.—
8-16
50c
9-
10-31
1
90c
(quar.)
454% preferred
Inc.,
(F.
454%
'
50C
25c
$1.50
Combing Co. of Canada, Ltd
Worthington Pump & Machinery Corp.,
9-15
53C
(quar.)
Co.
(F. W.)
Ordinary
8-16
58 VaC
8-16
9-10
Wool
—
58V3C
v
9-
common
preferred
Woolworth
7-31
10-
Inc.,
8-13
v
$1
8-24
10-
Power,
Industries,
convertible
Woolworth
$5
25c
9-
25c
10-
1
9-20
25c
11-
1
10-20
25c
(quar.) ™!.
12-
1
11-20
,
$1.41%
10-
Wright
1
Aeronautical
Common
9-15
Corp.,
com.
(special)_________
(quar.)
$1
$1.75
;
50C
(quar.)__.
75c
_____
10-
10-
1
10-
8-10
1
9-30
1:
$1.50
10-
1
$1.75
10-
1
Wyandotte
8-10
«
9-
Worsted
i_
CO
9-15
9-15
Common
8-20
1-3-49
11-15
8-
9
8-31
8-16
8-31
8-16
12-15
11-30
10c
3-15-49
>2-28
Corp.,
preferred
(quar.)
10c
6-15-49
5-31
25c
10-
1
9-10
56 V4C
•;
Manufacturing
4V2%
8-31
10-
1
9-17
9-15
8-13
12-17
50C
jfc 1
10- 1
9-15
10-
12-20; "11-30*
so
62VaC
&
Tube
Co._
$1
•Transfer
70c
(quar.)_____
(irreg.)
11-30
9-15
___—
Towne
Youngstown Sheet
9- 2
22 VzC
$5
10c
York
toVaC
___________
com.
&
'.,m
10c
Common
9-15
;
8-23
common
Common
8-20
1
$5
10c
Wysong & Niles Co.,
Yale
$.1.06 V4
8-20
10c
Extra
8
1
(quar.)____——
.
Lithograph,
(quar.)
8
10-
20c
Woodward Governor Co
Extra
9-22
(monthly)
Cc.
9-
10-
9-15
CramptoA Corp.—
common
(initial)
1
1
25c
(quar.'T
&
8-10
30c
Newspaper Machinery—
convertible
preferred
(quar.)___
5%
8-31
8-31
common
& Foundry
1
$15c
6%
preferred
(quar.)
3.60%
preferred (quar.)
1
50c
Pipe
8-23
9-
$1
&
Wisconsin
Wood
9-15
8-13
9-10
50c
8-16
10-
9-15
$1.75
Ltd
1
75C
8-31
1;
75C
(quar.)
preferred
(s-a)
Lace Mfg. (quar.)
9-
55c
Playing Card Co. (quar.)
S.
9-
;
50c
$2
Machinery Corp.—
preferred (quar.)__.
S.
(quar.)_ :$$1.12 Va
(quar.)__
50C
common
1
$25c
9-10
1
40c
(J.
Wilson
Hoffman
U.
10-
35c
9-
$75c
(quar.)
preferred
10-1
9-15
25c
Willson
Ltd.—
Finishing Co.,.$4 pfd.
8-10
9-10
Winters &
9-10
8-16
1
1
$1
;
8-16
(quar.)
Pi.ece Dye Works—
454% preferred (initial)
9-15
910-
95c
Co
(quar.)
Ltd., 4J/2%
8-20
40c
9-17
25C
non-cum.
Wilkes-Barre
7
50c
a-1
1
87 %C
Whitaker Paper, new common
Whitehall Cement
Mfg.
7
9-
1
2- 1
68%C
Woodall
(Del.)
10-
50c
common
1
9-
9-14
11-
11- i
$1.25 2-15-49
9-
(quar.)
preferred
11-15
11-15
Stationery Corp.—
(quar.)___
$1.25
S. Lines Co., common (quar.)
454% .preferred >(saa)-~__-w^_______i
5%
A
(George),
New
(quar.)
Insurance
75c
75c 2-15-49
9-10
(quae.)
preferred
/' 8-16
$1.25
$1.25
Cos.
8-25
—
<
C5c
9-14
93%c
(quar.)__
America
8-30.
!
(quar.)
(quar.)
&
8-13
is? 9- 5
Co.
Products, Inc
Co., Inc., common
$4.25
preferred
(quar.)
Winter & Hirsch,
Inc., 7% pfd.
50c
(quar.)
•
f
(s-a) ___!
Co
Extra
1"
9-10
-
8-?0
preferred
Coke
Special
10-
8-13
(quar.)
Wheeling & Lake Erie Ry„
8-14
9-15
8-13
(quar.)
Weyerhauser Timber Co
8-14
8-24
8-17
9-4.
1
8-28
_________
common
Corp
9-18
8-24
7-3i!
9-
(quar.)_;
8-31
25C
Corp.
8-30
9-15
Electric Instrument
Westvaco
Chemical
9-24
RR.__,
9-1
Weston
,
1
25c
tJ.
40c
8-
35C
$1.12
Co
&
preferred
Weston
(initial)
20C
Northern
Electric Corp.,
preferred A (quar.)
Westmoreland
8-20
8-25
com.
Westmoreland, Inc.
Co.—
Investments,
A
prior
454 %
U.. S.
1
9-
(irreg.)
Rubber
Co.
Guarantee,
•
9-
4
30c
Fastener
Gypsum Co.
U.
1
8-16
30C
(quar.)_
S.
8-16
8-
1
10-
..
Corp.
Tablet
354 %
(Dallas)
—
(quar.)__
8\
25c
5% pfd. (quar.)
Theatre Circuit, inc.—
S.
7%
99-
&
Westinghouse
8-21
8-12
1
A
preferred
Westinghouse
9-16
8-31
9-
$1.50
Street
A
U.
8-23
4
5%
25c
(quar.)
preferred
Western
California—
U.
9-3
;
Dredging Corp.
preferred (quar.)
7%
8-27
9-20
S.
9-30
5%
$1.06 V*
(irreg.)
prior
"New
U.
8-20
$15c
common
Growers, 5%
Illuminating Co
10-15
9-
Co.
Coal
preferred
5%
1
8-10
8-25
50C
Grain
United
9-13
11-1
of
Artists'
Fuel
United
9-
1
new
25C
Co.
class
9-15
36V4c
(quar.)
Co.
'
&
Electric
6%
5%
1
3.80%
(interim)
(quar.;
(monthly)
8-13
9-
Ltd.—
preferred (monthly)
6.36% prior preferred
(monthly)
6.36% prior preferred (monthly)
6%
prior preferred
(monthly)
8-16
9-10
Co.,
ordinary
United Light &
Railways Co.
7% prior preferred
8-16
9-15
$37VaC
$1,3754
(year-end)
Gas
Common
25c
(quar.)__
Extra
7%
3-15
6-15
25c
Biscuit
United
1-49
9-
1
9-15
books not closed for this dividend.
*<'
tPayable in U. S. Funds, less 15 % Canadian
non-residents' tax.
$Payable in Canadian funds, tax deductible at
tbe source.
Non¬
resident tax 15%; resident tax
7%.
-
'
1
10-
,.
Ltd.:—
(extra)
Western Pacific RR.
Common (quar.)
1-49
75c
Chemicals,
Inc
United Corp. (Del,), $3
pfd. (quar.)
United Corporation,
Ltd., class B (quar.)_
6%
12-15
1-
9-15
Worts,
(increased quar.)
Products, Ltd. (extra)Auto Supply
(quar.)
Western
6-25-49
40c
(quar.)
Paper
Aircraft,
United
Westeel
I
9-15
1-14
(quar.)
Virginia
4-
-
10-15
______
(quar.)!
Chemical, 6%
Ohio
9-15
40c
(increased)
&
preferred
United
9-
1
25c
United
8
94c
—
——'
Standard-Coosa-Thatgher
9-15
9-15
25c
$1
$3.50
1
$1
preferred
Insurance
Inc.,
10-
Cap & Seal, $1.60 pfd. (quar.)
; 40c
9- %
Standard Chemical Co., Ltd., com; (quar.),
; LlOc
$- 1
y '.5%
preferred .(quar.)
:
—$- I
$1.60
9-
9-1
50c
.
(quar.)
Ltd.—
common
quar.)
Extra
1
10-13
Standard
Standard
9-
9-15
$1.37Va
$1.37y2
——
(quar.)
prior
Accident:
.Quarterly;—Standard
(quar.)—
pfa.
common
A
(A. E.) Mfg. Co.,
preferred (quar.)
Standatd
8-13
"
10-15
37y2c
_
(quar.)
inc.,
9-15
9-15
Corp.
United-Carr
8-13
;
40c
__
(quar.)-
Mines,
& Sons,
series
pfd.
(quar.)
conv.
Sturgeon Gold
(E. <R.)
9-15
$1.35
——
Co.
Inc. _(quar.)—
1st
Sons
$4.50
preferred
8-16
8-16
1
10c
2nd preferred
$4. preferred
9-1
9-
$1.25
$1.0654
quar.)
$5.50
Kellogg &
1
17y?c
(quar.)
Insurance
& Bros.,
Inc.,
«,
8-16
West End
8-16
9- 1
?9-15
1
1-1-49
50c
.
Co.
common
preferred
West
$1
(increased
Storage Co.—
participating prior preferred (s-a)
United
75c
■
—
preferred
25c
$0.265625
Gas, common
preferred (quar.)
Spencer
Sta-ley
1
1
10-
11-
3754C
25c
Corp.
Disinfecting Co.,
$5
West
•;
(quar.)
&
Company,
(quar.)
Motor
50c
common
preferred
Ltd
Tank Car Co.
Union Terminal Cold
United
9-
8-16
Spiegel,
$4
?
1
8-5
Spear & Company,
Squibb
5%
8-31
9-
9-
-Spalding, (A. G.j
,
United
...,
'
Trust
Co.
preferred
United
8-14
8-12
8-31
60c
$1.12ya
Sovereign. Investors
i
8-14
75c
8-31
(Southwestern
'Spring
$4
30 %e
j ;*;5% preferred (Initial
$5i50
9-1
8lV»c
non-cum.
%
f
9-30
.
Water, common
«
25c
50C
Louis)
Union
Edison—
Southern Union
<
1
California
Common -iquar.)
$3.75
fi
9-
(quar,)_
4%
preferred (quar.)
4%%<* preferred
(quar.)__
Southern Railway Co.
;
8-20
8-
30c
.
t.
.
2
New
•
$1.75
Extra
9-30
preferred
'Southern
»
9-
'
9-
3754C
(quar.)
Wesson Oil &
Snowdrift, $4 pfd.
8-18
30c
Bag
9-10
3iy4C
(reduced)
Southern Advance Bag &
Paper—
4y2%
preferred (quar.)
California
254c
9-15
8-18
9-10
37546
preferred
Engineering
Wells-Gardner & Co.
31540-W
common
Inc.,
Salle
Asbestos
10c
Bend Lathe Works (quar.)
Southeastern Greyhound Lines
4.88%
(quar.)
(quar.)
Quarterly
Union
25c
—
Squth
Southern
Union
7-30
87y2c
convertible
Soundview
La
Inc.
Union Oil
Eocony-Vacuum Oil, Inc. (quar.)
Sonotonc
Corp., common
(quar.)
.
7V4c,
8-20
8-6
Pictures^
Wellman
8-11
-
$1
375/aC
.
Petroleum
Waukesha
West
Extra
8-10
1
Smith-Alsop Paint & Varnish—
7%
South
Underwood
9-10
3
:>;!
8-16
9-15''
62 V2C
(quar.)
Waterloo, Cedar Falls
8-11
3
Bros.
(S. D.)
$4.50
3
25c
10%
50c
9-
9-
9-1
1
15C
;
common
common
preferred
Warren
8-26
9-3
1,
8-13
,l 1 9-15
W:9-
—
Warren
for
Quarterly
Uarco,
554%
8-26
9-15
'
-■
(quar.)
(H.)-Gooderham
50c
Corp.,
Truax-Traer Coal
50c
9-15
9-
share
Company,
Quarterly
Baking Co.,
8-25
25c
iF
pfd.
preferred
(quar.)
Trinity Universal Insurance
8-12
50c
9-
75c
$6
8-12
87V2C
1
8
9- 1
12-
preferred
Walker
8-11
9-
12-10
40C
$3154c
•
Ward
8-14
10-
I
$1.50
;!
Year-End
4%
2
1
8-31
50c
(quar.)___
1
—
(quar.)_
preferred
(initial
Company
9-1
2
9-
9-
8-18
8-13
(quar.)
Corp. (quar.)
Mines, Ltd
Amulet
Walgreen
8-20
9-22
$1.75
jj-
30c
'
Warner
9-15
9-10
-
preferred
Waite
8-12
12 V2C
Elevators,
Trane
Co.__
7%
9-20
1
$1.12 Va
(quar.)
4V4%>
Tri-Continental
.
8-24
8
75c
Oil
receipts
Edison.
40c
__
9-10
10-
35c
Co
deposit
Toronto
7-23
.
'
Amer.
8-18
9-10
9-
1
8-14
10-
9-30
2
Wagner Electric
50c
Securities
7-23
quar.)
7.1:::" Extra
'■J'P'i354% preferred
4.20%
-
9-15
Carpet—
(increased
Tobacco
8-25
quar.)___
Iron
&
(St.
Brewing
9-24
50c
9-
1
30c
Products,
8-25
.
9-15
$5c
Works, 7% pfd. (quar.)_
Mills, 4(4 % pfd. (quar.)
(quar.)
Mills,
97y2C
—.—.
9
9-
12-21
9-
$12c
^
Manufacturing Corp.
Detlnning Co.
50c
$$1.12%
—
13.90% preferred (quar.)
,!; SkeUy Oil Co. (stock dividend)—
Skilsaw.
8-2
8-16
8-
Corp.
.
'
Common
7-30
1
Vogt
1-2-49
$1.25
Vulcan
Co.—
Cotton
$75c
preferred
{quar.)
City Gas & Electric—
Common
8-2
1
1
8-28
27c
(accum.)
Coal
$$1.50
__________
'
9-
99-
$12 V2c
(quar.)__
Insurance
80c
—
v:4'/3%
Sioux
Title
1
,
9-20
9-10
-
_______________
Ltd._
(quar.)(quar.)_—
preferred
Visking
8-16
(interim)
Roofing Co. (quar.)
Roller Bearing
Tishman
Realty & Construction
10c
_
A__.
9-
6%
1
50c
(quar.)_
(quar.)
preferred
preferred
10-
8-16
9-15'
8-28
-
20c
(quar.)
preferred
I
1
.
.
9-13 *
75C
Co.
6%
r
8
$1.2^
(quar.)
(increased)
6%
8-20
25c
Ltd.
(quar.)
Water Associated Oil
Tivoli
Simplicity Pattern Co. (quar.)—
Simpsons,
1
preferred
Tide
8-18
9-1
8-16
1
Timken
8-27
$30c
1
1
_______
Thompson
Simon)
common
5%
preferred (quar.)
Simonds Saw & Steel (irreg.)
"
9-1
9-
9-
Tilo
9-10
8-16
10-
____•
Common
9-
6254c
1
10-
Common
9-15
1
8-17
9-
v
Inc.___
Co.,
Chemical
6%
8-20
8-27
10c
Producing Co. (increased)
Sulphur Co. (increased)
preferred
9-15
50c
Sons,
-
Flour
Thomaston
9-30
9-15
8-30
5c
(quar.)
Textron, Inc,, $1.25 conv.
Shovel' Co., common
25c
Franklin
$1
(quar.)
40c
Thew
25c
(quar.)
(see
1
$ 154c
(One additional
held)
Southeastern Gas (quar.)
50c
Company
Simon
9-
share
50c
(quar.)
Simon
1
37%c
dividend
each
8-16
50c
Signal Royalties, class A (quar.)__
Signode Steel Strapping—
10-
8-16
$1
—
1
50c
50c
Extra
9-
Corp.
Pacific
Stock
9-2
8-25
1
50c
2
10-1'
10-
Extra
""
5
preferred
Company
Texas
7-16
10-2
26 AC
Corp.
Mfg.
9-
9-
62 V2C
..
Virginia Coal & Iron
!
Virginia Dare, Ltd., 5%
preferred (quar.)_
Virginia Dare Stores, class A
(Irreg.)
Virginian Railway, common
1
8-25
25c
8-25
$25c
______
Common
1st
Texas
8-25
59%c
(quar.)
—
Class
10-
40c
Extra
v
.
Terre Haute Whter
9-15
10c
■
*■
(quar.)—_
Sherwin-Williams Co., 4% preferred
Breweries, Ltd. (quar.)
Signal Oil & Gas, class A (quar.)
_
8-16)
20c
.
(increased)_
'iSick's
'
8-23
10-1
10c
——
t
Tennessee
9-15
9-
25c
8-18
9-15
9-15
10-15
.
8-31
9-30
Inc.
(acum.)__—_
'
25c
(quar.)
Steel
8-16
9-10
10-
^
8-13'
9-1
:
$2
62 VaO
(quar.)
Virginia-Carolina Chemical Corp.—
6% participating preferred
8-16
25c
Co.,
preferred
Verney
Viceroy
8-16
common
9-1
23c
Corp.,
preferred
Inc.,
8-18
7%
5 %
8-16.
Common
$1.13
_
Products
434%
Technicolor,
9-10
$50c
1
1
1
75c
Teck-Hughcs Gold Mines,
Telephone Bond & Share
1
$30c.t
9-
9-
28VsC
preferred
1
-
8-27-
9-
preferred
(qqar.)
Carson, Ltd.—
&
9-
15c
8-13
1
60c
convertible
convertible
10-
25c
1
15c
12y2c
(quar.)
99-
Raalte
8-10
.T;
$1
Vapor Heating Corp. —
5%
preferred (quar.)
Co.—
Tex-O-Kan
—
9-21
50c
$1.25
(quar.)
Pen
*
_
Shellmar
8-13
9-21.
1
22VaC
;!:,v
de
Van
8-31'
10-
2ac
(quar.)
Fenn
4.32%
9-10/
9-10
10-1
;
Kamp's Holland Dutch
Bakers,
Quarterly
^___
9-17
(initial)-
com.
(quar.)
Inc.
Van
20c'
8-10
8-25
50C
^
(quar.)
preferred
Vanadiaum-Alloys
8- 6
8-25
.8"
$1.06 V* '
>
8-1S
9-20
,
2£0
common
preferred
prior
Vick
Corp
$1.15
(special)
(quar.)
Company (reduced quar.)
A.)
Transit
Taylor, Pearson
8-13)
1
1
$20c
(Calif.)
25c
Shawinigan Water & Power Co., com. (quar.)
(,
4% preferred series A (quar.)——
Sheaffer
1
1
10-
Co.
3iy4C
(quar.)
(Qliar.)—
Shattuck
99-
10c
1,
Class
8-10
Co.—
preferred
i 454% prior preferred
Selby Shoe Co
*
9-10
Oil
25c
(quar.)
(Los Angeles)
;<
25c
1
$10c
$li preferred
Security Co.
Seiberling Rubber
9-
$10c
(quar.)_.
common
preferred
A
(quar.),.-.
Security Banknote Co,, common
.v
9-15
10^
(quar.)_.
Taggart
Corp.
Talon, Inc.
12-10
9-15
$1
%
5%
5%
B
5%
8-18
1
40c
(quar.)__
Securities,
preferred
Tampax,
Taylor &
Investment
___
participating preferred
Acceptance Corp.,
12-31
40c
«■*___
Electric
Syracuse
8-13
9-
$2.50
>
Securities
t
10-18
9-30
prior
Co.,
1 z
9-10
■
EOc
-
(quar.)
preferred
(quar.)
8% preferred (accum.)
Knitting
0-/0
9-15
25c
preferred {quar.)
Swift &
Company (quar.)_!
Sylvanite Gold Mines, Ltd
8-31
l
tl9c
-
preferred
(quar.)
common
11-
1
quar.)—
Co.
convertible
Utica
9-
$1.25
Products, Inc.
(increased)
Winding Co., common
Upressit Metal,
9-15
25c
(quar.)
Co.
90c
12-10:
9-
56c
common
Insurance
Universal
8-30
9-30
50c
Superior
13154c
Co.
Canadian
Co., Ltd.,
9-13
85c
9-15
10-
5t".
9-
56V4C
Co.—
Pictures Co., Inc.—
preferred (quar.)_.
454%
8-23
$12VaC
______
Oil
Universal
8-20
.12-31
: 20c
Superior Tool & Die Co, (quar.)
Swan-Finch Oil Corp., 4 % 2nd
pfd.
91 Vic
:
.
(quar.)
(initial
9-10
50c
Universal
'
9-3
9-1
9-10
25c
—
common
8-23
$2
,
,
9-10
:
.
Corp., common
Corp., Ltd
Consolidated
Universal
9-15
20c
*1.25
Co
8-16
9-7
8-31
$1.25
—
A
4V2%
:\
9-1
55c-
_
.5% preferred (quar.)__
Seaboard Air Line,
5%
Second
7-30.
6
\
1
*:
1
1
(quar.).™—
<Dcl.)
"10-
17c
common^
;
;
Sun Oil Co. (quar.)
i.
Sunray Oil Corp., common (increased
quar.)
v;4W% preferred A (quar.)___
7-30
Inc.—
Mfg.* 3.65% preferred (quar.)
Scythes & Co., Ltd., common
(quar.)
Oil
1
7c
Scovill
Seaboard
9-
$1.10
(accum.)
Scott
1
«
(initial)
Estate
9-
10c
preferred
(quar.)__
& Fisher Brick Co.—
\
'V New
8-27:
11-29'
15c
14.40 %
Schulte
9-15
12-15
:t
$1.25
9-15
(P. A.)
Suburban
(quar.)
Terstegge
8-18
60c
:
Oil Co., Ltd.—
participating preferred
Participating
010- 8
10-30
&
Steel
Holders
Payable 0/ R*e>
$1
Special
8-20
25c
Inc.,
preferred (quar.)
Stonega Coke & Coal Co
—
Sayre
Camp,
1
9-10
Acid
.J
preferred
Steel
New
11-10
9-
75c
•—
iquar.)
Fuller Co." (quar.)
&
12-10
4
25c
common
Textiles—-
8-
25c
preferred
Baer
Stratton
—'■—-
(quar.)
preferred A (quar:)
Regis Paper, common
i : Extra
& ^ Stern
8-25
5%
St.
50c
(quar.)
$15c
Products Engineering
Sterling Drug, Inc. (quar.)
Ry.—
preferred
>
-—;
&
S.
When
Share
common
preferred-
Universal
Ltd.____;
$$7.75
(final)
$6 1st 'preferred (initial)
,$2.40 2nd preferred (initial)
St. Louis San Francisco
U.
Co.,
Spring & Bumper Co.
United
each
(increased)—
1st
S.
454%
shares
5%
■
*
Bros.,
U.
fractional
for
S. Rubber
8%
preierred''(quar,!;v
-Stern
8-20*
1
Co.
$$2
4%
-
10- 1
75c
100
80c
Per
Company
,
U.
8-,4
9-10
Steel
8-25
Lawrence
*
6%
9-10
8-25
:
of
(quar.)
Stoker
Stedman
50c
(quar.)—
each
rate
Name of
8-13
9-10
share,
dividend
8-16.
75c
'
—
pfd.
1
10- 1
—
Extra
St.
8-14
9-
for
the
Stecher-Traung Lithograph,
5% preferred (quar,)
8-14
,8-1
$1.1254
....
Saguenay Power, Ltd., 454%
St.
9-1
12VaC
1254c
4Va% .preferred ,(,quar.)
.
j
12VaC
——
at
Wholesale
Phosphate
Works, Inc.
(quar.)._______
State Fuel Supply Qo. (irreg.)
'
,
Common
'
9-15
Standard
Standard
'
6 % preferred
,(quar,)___
Ruppert (Jacob) Co., common
J.)
of
Cash will be; paid for
Standard
9-10
9-
37VaC
19-
(N.
share
Holders
Payable of Rec.
$1
Standard
2
40c
Co.
(One
Standard Railway & Equipment
Mlg.
Steel Spring Co.
(quar.)
1
9-
Share
50c
dividend
30c
.■>
When
'
Quarterly
Stock
$1.25
$1.25
(quar.)
;(quar.)
Metal
9-
9-
12-
?
$1.25
Rockwood & Company, common
5%
preferred (quar.)
5% preferred A (quar.)_.
p): 5%
prior preferred (quar.)
Rolland Paper Co., Ltd.—
Ronson
-12-10
20c
___
'
■
Standard Oil Co. of California
(Del.) (quar.)
Standard Oil Co.
(Ind.)
(cash dividend) —
8-13
9-10
25c
Mfg.
(S .4V4%
9-1
2bc
Quarterly
RocKwell
Per
Name of Company
•
....
«
$1
(quar.)
51
-
Holdac
Payable of Rec.
\
(quar.)
Corp.
When
Share
«-ia
a
1
9-18
xLess
Less
British
30%
Income
Jamaica
tax.
Income
tax.
•
(Continued from page 14)
Tampa Electric Co.—r-Earnmgs—
Period End. June 30—
1948—Month—1947
Operating revenues
$790,586
$668,524
Operation
498,711
325,055
Maintenance
31,987
33,504
1948—12
$8,988,226
Mos.—1947
$7,757,743
3,748,419
5,290.903
465,415
366,223
645,427
551,827
_
General
51,118
69.984
70,805
32,000
65,000
$101,641
$123,041
$1,315,209
3,030
3,707
21,732
$104,670
$126,748
$1,336,940
3,572
50,246
43,345
$100,048
$123,175
$1,286,695
$1,536,929
$2.15
$2.57
(net)
income
Gross
864,764
479,000
683,000
Total income deductions
$1,543,510
d
36,763
Earned
—V.
167,
share.
common
per
compared wjth 669,322,860 in the same period last year, he said.
Revenue airplane miles totaled 5,627.690 in July and
34,379.458 for
the seven months as against 5,777,710 in July,
1947, and 33,535,813
for the first seven months of 1947.—V. 168, p. 552.
Net
Balance
Operating
Earnings—
Service Co.
Texas Electric
$1,362,086 $18,119,863
9,321,312
717,073
2,194,653
155,932
106,409
1,275.959
$1,614,796
revenues
Operating expenses
795,572
Federal
216,380
taxes
—
taxes
Other
107,616
,_
retirement re¬
appropriations..
income
Total
1948—12 Mos.—1947
1948—Month—1947
7,417,486
2,153,408
947,840
—
.
(net)_
deductions
Other
(est.)
Federal taxes on income
Earned
94,000
78,000
1,032,000
953.000
$401,228
$304,672
$4,295,939
$3,973,549
3,572
431
19,905
12,950
$404,800
$305,103
78,031
$4,315,844
815,994
$3,986,499
86,993
$227,072
$3,498,850
period
375,678
$3,112,510
375,678
$3,123,172
revs.
$2,736,832
profit
surplus
Net
Oilier income
Income
Gross
other deducts..
873,989
requirements
dividend
for
the
paid
305,192
——
$2.56
share
common
BALANCE SHEET,
CONSOLIDATED
167,
JUNE 30
-
Trade
&
Power
Texas
Light Co.—Earnings—
10,606,776
9,193,863
196,966
2,645,855
—
92,039
77,687
1,117,473
2,222,277
907,260
retirement re¬
appropriation
140,000
125,000
1,570,000
serve
—
Miscellaneous notes
Total
limited-term
of
542
265
4,132
3,546
$439,275
$5,471,804
37,847
$4,726,343
8,023
$411,691
450
$447,298
$412,141
103,380
$5,509,651
1,498,219
$4,732,820
147,512
$299,786
$308,761
$4,011,432
requirements for the period—
865,050
$3,475,748
865,050
investments
.
*
revenue—
income
(net)
oper.
Other
Gross
Inc.
income
—
deductions
other
&
Net income
stock div.
Pref.
—-V.
-
—
6,477
,
1,257.072
p. 2693.
167,
Decision
payable
on
Wilmington, Del., on Aug. 13
restraining order brought by a
Court
District
Federal
decision
at
temporary
a
aganst conversion of a $10,000,000
TWA stock at $10 a share.
stockholder
into
•Co.
decision
The
pending
reserved
was
findings
of
receipt
reserved
minority
loan by Hughes Tool
at¬
from
restraining order was extended for 10
days unless a decision is reached before that time.
Conversion of the stock has already been approved by TWA stock¬
holders
other than those representing the Hughes
Tool Co., which
owns approximately 46%
of TWA common stock.—V. 163, p. 651.
the
and
torneys,
Accrued
2,694,163
2,310,509
4
159,663
4
133,945
$495,177
r
Year Ended
Fiscal
Coal
Net
income
Capital
and
charges
after
$28,300,690 $19,679,612
4,004,812
2,578,730
taxes
share
per
Rapid Transit Co. (& Subs.)—Earnings—
Twin City
1948
1947
$9,227,969
$8,081,646
8,978,863
7,680,926
Six Months Ended June 30—
-Operating revenue
~
.
Operating expenses and taxes (not inch Federal
income)
on
$249,106
12,444
Operating income
Non-operating income
'
"Interest
funded
on
Amortization
Federal
19.918
120,484
122,799
5,054
5,054
funded debt_
5.284
—
169,276
$34,545
income
on
2,544
96,183
debits
taxes
$400,720
$420,638
debt—
discount on
of
Miscellaneous
•
$261,550
income
Gross
$5.24
'
—V. 168, p. 489.
taxes
492,125
985,107
$4.06
outstanding
shares
'.Earnings
1947
5,753,401
1948
$120,965
of
Fares
Street
Minneapolis
Railway
Co.
and
The
St.
Paul
City
Co. were increased from 10 cents cash, 5 tdkens for 45 cents,
11 cents cash or token on July 13, 1948.
An application for a fur¬
Railway
to
is pending.—V.
ther fare increase
168, p. 89.
Avenue Corp.» N. Y.—Controversy Continues
277 Park
conference arranged by the officers and directors of this
corporation in their fight to keep the New York Central and the New
.Haven
railroads from taking over the company's
$6,000,000 apart¬
th
a
press
1,0-33,202
$2,730,934
.
341,307
571,690
(not):
Earned
72,962
1,220,758
1,014,373
4,535,522
61,841
1,220,763
—______
stock (outstanding 305,192 shares)—
surplus
surplus
tCommon
Capital
1,014,373
5,355,760
Federal
reserves* for
value, $4 per share.
in 1947.
possible
order.
SEC
The
The
all
equivalent
of
share
a
company
1, 1963.
ended April
Both
30. 1948, has been another eventful year
volume and earnings are the highest yet
important is the fact that we have not indulged:
practices which could easily have increased our
profits by many millions of dollars.
Instead, we have preferred to
keep a standard markup on our distribution and to serve our many'
thousands of customers on a sound price basis.
The
management believes that it is in the best interest of tho
stockholders to pursue a conservative policy that will insure liquidity
should there be drastic changes in economic conditions.
The company
has committed itself to new plants and operations, as well as addi¬
tional
distribution units,
involving the expenditure of substantial,
amounts of money in addition to the more than $4,300,000 invested
in capital assets during the past fiscal year.
The
proceeds from the sale of $4,000,000 debentures will provider
available funds for this expansion program and serve as a factor of
the reasonably foreseeable annual
earnings on the package would range from $4.29 to $5.55 and that
the
reasonably foreseeable annual dividends on the package would
range from $3.13 to $3.60.
,
• "
The plan cannot be carried out until the Court proceedings for its
enforcement have been concluded.
Meanwhile, the company reserves
the right, subject to the approval of the U. S. District Court and of
the Commission, to withdraw the plan or to amend it.
year
the
company.
safety.
The
expects
company
to
pay
reasonable dividends on its commorv
stock despite the heavy demands of its capital investments and expan¬
sion.
The production of new plants will start later in the year
and
are
substantially
be
itself
COMMON
Commission
radical price changes, the volume of business wilt",
increased.
We believe that the company has place#
satisfactory position to flnar.ee such increased sales.
there
unless
ON PROPOSED SPECIAL CAPITAL DIVIDEND ON
STOCK—With the conclusion of proceedings before
the
on the plan
to retire the preference stock, the way
is now open for hearings on the proposal to pay to United's common
stockholders
a
special capital dividend consisting of
l/10th of a
share of the common stock of Niagara Hudson Power Corp. for each
share of United common.
It will be company's objective to pay the
THE
the
1948,
achieved, and most
in opportunist price
represented the fair and
company's preference stock.
of the
alphabetical
alphabetical
possible.
as
18,
Feb.
The
for
that
concluded
it is not always
reasons
is due cn Feb.
found that this package
Commission
Commission
The
mechanical
Corp.—Annual Report—Law¬
in part:
sold to six institutional investors:
$4,000,000 of 15-year 314% debentures due Feb. 1, 1963, at par and
accrued
Interest.
The indenture provides
for the retirement of
$2,G00,000 through sinking fund payments in the amounts of $80,000
semi-annually beginning Jan. 31, 1949, and increased to $100,000 semi¬
annually beginning Jan. 31, 1954,
The remaining balance of $1,400,000-
shares of the preference stock and, at the; company's
applied to the U. S. District Court in Wilmington, Del., for
an
order enforcing the plan.
That court has set the matter down
for a hearing on Sept. 28, 1948.
V/yf
*
The Commission's approval of the plan followed extended hearings
before it at which representatives of >arious groups of stockholders
appeared and were heard.
I
'
The plan requires that each outstanding share of the preference
stock be exchanged for a packag? of the company's assets, consisting
of the following:
; ,
1 share—Public Service Electric & Gas Co. common stock.
1 share—Columbia Gas System, Inc., common stock.
3/10ths share—Cincinnati Gas & Electric Co. common stock.
$6 in cash.
; equitable
$2,082,480
'
Ottinger, President, said
rence
Stock
approved the amended plan to retire
1943
Aug. 9,
on
$2,570,284
.
States Plywood
United
.
Corporation—Plan to Retire Preference
United
$1,955,291
Crl07,180
to arrange companies in exact
However, they are always as near
position
On
Approved by SEC—
2000.
p.
NOTE—-For
^
NOTES
„
$2,570,284
to earned surplus
added
Balance
(l)-*-AU domestic subsidiaries have been included in con-'
solidation.
The investment in foreign subsidiaries (not consolidated)
has been included in the balance sheet at cost and only the dividends
received therefrom have been included in the profit and loss state¬
ment.
y;. ■ „
(2) On June 30, 1943, there were 18,260 shares of common stock
reserved for issue to employees.—V. 167, p. 2300.'
".
taxes
the period
adjustments
period
$9,883,149 $8,704,802
depreciation of $1,204,819 in 1948 and $1,131,660
,i:
income
income for
Net
Prior
—V. 166,
Total
$4,026,284' $3,072,291
1,456,000
1,117,000
income
for
Frov.
PROCEEDINGS
income
Net
1,578,310
$3,454,594
profit
income
Total
524,944
841,057
971,486
income
Deferred
—
—
—
income
on
request,
6,309,394
sales
Net
:*
Apr. 30—
(tons)
production
10,962,885
16,511,364
.
Operating
Other
$21,544,268 $14,757,071
-
general and administrative expenses—
|
1947
1948
30—
allowances
sold
goods
Selling,
$8,704,802
$674,915
584,006
of
Cost
and
returns
less
Sales
the need for disability insurance, in
of mcdcal and hospital expenses.
Foundry Co—Earnings—
United States Pipe &
Six Months Ended June
47,111
outstanding
(& Subs.)—Earnings—
gain in
a
the corre¬
2584.
—V. 167, p.
temporary
Truax-Traer Coal Co.
months of 1P48, the company reported
health business of almost double over
last
period
public's increasing appreciation of
view of
the steadily rising cost
' 1947
$1,869,030
1,469,289
2,506,503
269,930
98,481
$2,119,310
1,775,429
2,643,769
308,835
113,544
63,431
—
expenses
taxes
Federal
■"After
Conversion of Loan—■
on
six
and
accident
•
Transcontinental & Western Air, Inc.—Court Reserves
first
the
For
new
Co.—Reports New A. &
Doubled—
year, according to Frank K. Smith, Manager,,
accident and health division. This gain can be attributed largely to the
$9,883/149
-
accrued expenses and
Canadian taxes on In¬
LIABILITIES—
Accounts
Net
(at cost)—
insurance—
and accounts receivable—
"'Property, plant and equipment
Patents (nominal value)
—
Deferred charges (prepaid expenses)
surrender value of life
Cash
gov¬
$31,-
$12,928',725;
and other
$146,106,142.—V. 168, p. 89.
States Life Insurance
United
sponding
1,550,000
taxes
Property
Amort,
840,367
205,673
taxes
Federal
-Other
944.217
expenses
—,—
Investments in sub. cos. not consol.
$1,651,976 $21,416,040 $18,603,289
$1,821,746
revenues.
accounts receivable (net)
and
notes
Inventories
1948—12 Mos.—1947
1948—Month—1947
Period End. June 30—
■Operating
Operating
total,
$63,682,337;
plus,
<
1948
ASSETS—
Cash
■:*
2794.
p.
SHEET, JUNE 30, 1948
payable, $5,004,261;
$4,069,744; Federal and
taxes,
H. Business Nearly
per
$4.6(5
$7.15
—
$11,759,453; 1% preferred stock ($100 par), $7,822,20Q; common
($20 par), $31,967,780; paid-in surplus, $21,800,367; earned sur¬
stock
$4,535,522
$2.03
$5,355,760
at June 30
$63,682,337 $50,900,632
end of period
at
chare
LIABILITIES—Accounts
miscellaneous
(Including Domestic Subsidiaries)
Balance
surplus
common
ernment
$4,718,637
183,115
$5,660,952
surplus
Earned
Earnings
$317,807
income
Net
Preferred
1_
-
dividends
Cash
'
T«t. and
—
Total
Jan.
at
273,777
1,597,654
273,777
2,397,583
589,767; accounts receivable (net), $15,087,455; inventories.
plant and equipment (net), $70,450,078; prepaid expenses
assets, $2,202,955; total, $146,106,142.
.
$781,893
$618,418
4,879,059 " 4,100,219
-
_
$66,353,697 $52,772,063
earned
per
4,745,003
ASSETS—Cash, $13,847,162; U. S. Govt. ($30,977,000) and other
securities,
at
cost
(market quotations $31,660,000),
$9,525,909
'»
' 1
8,584,133
8,285,140
121,770
110,249
166,283
152,603
' 475,000
" 359,500
_
come,
Earned
operating
Net
period
of
CONSOLIDATED BALANCE
Property
serve
$7,717,367
45,054,69(5
—.—
'
expenses 4
goods
$11,705,427
54,648,270
period
dividends
$9,525,909
i—$10,129,079
-
sold and operating
exclusive of depreciation—
—_
Provision for depreciation
of
Cost
$15,445,283
unconsolidated subsidiaries
from
for
dividends
Balance
1947
1948
' $10,103,636
25,443
5,698,643
6,714,000
surplus
Common
Subs.)—Earnings—
-
—
32,902,808
6,555,260
taxes en income
beginning
at
Tctal
Preferred
sales—
45,784,326
sold—
products
income
259,874
194,268
—
$70,759,013 $51,063,824
and Canadian
Federal
Six Months Ended June 30—
(net)
1948
1947
$70,314,606 $50,562,979
250,139 *
240,971
Selling, general and admin, expenses
137,215,880 in June, according to Harold Crary, Vice-President—traffic
and
sales. The seven-month
total of 661,589,970 revenue passenger
Dividends
Period End. June 30—
of
Cost
income
and
—
income
.Total
corporation flew an estimated 124,589,600 revenue passenger
against 126,690,000 in the same month last year, and
securities—-
from
Royalties
miles in July as
Net
2366.
p.
sales—
Income
(Including Domestic Subsidiaries)
income
Net
Subs.)—Earnings-
six Months Ended June 30—
Net
July Traffic Lower—
United-Carr Fastener Corp. (&
•
t
United States Gypsum Co. (&
miles
■
i
income—
oper,
income
792.272
V
the same date,
each share* o£
value of the remaining;
$3.98 per share of com¬
above,
as
stock was $49.98, and the net
assets, based on market prices, amounted to
mon
stock.—V. 163, p. 652.
552.
p.
basis
preference
$1,580,273
4,622
taxes—
income
Utility
Other
56,263
amortiz.—
taxes
Federal
168,
This
ac¬
reserve
and
cruals
V.
Monday, August 23, 1948
,
.
amounted to $114,642,102. As of
market value of the package to be exchanged for
the
:The
Investment News
4
.
same
United Air Lines/ Inc.—Stock Issue, Subscribed^entire new, issue of common- stock has been .sold, it was An¬
nounced, Aug. 18, by W. A. Patterson, President.,
~ . •
*
Holders
of
rights to subscribe took up 159,344 shares and the
balance
of 25,465 shares was taken by
company employees.
Sub¬
scription warrants expired Aug. 17.
The stock was offered on the basis of one new share for each 10
shares- cf common stock field by stockholders of record at the close of
business
Aug.
3,
1948.
The issue was underwritten by a group
headed
by Harriman Ripley
& Co., Inc.
For further details see
General Corporation
Retirement
CHRONICLE
THE COMMERCIAL & FINANCIAL
(788)
S2
in
a
INCOME ACCOUNT,
CONSOLIDATED
YEARS ENDED APRIL 30»
1948
d.y
1947 U.
returns and allow-
less discounts,
sales,
Gross
ances
Cost
sales
of
—
,
$62,552,534 $43,616,109'
44,276,757 29,998,202'
Selling,
1,047,038
2,402,431
966,2003
l,600,384r
General
2,695,458
2,145,535
Depreciation, depletion and amortization
shipping and warehouse expenses
and administrative expenses
proposed capital dividend, if approved by the Commission, as soon
practicable after the plan for retiring the preference stock becomes
effective.
1
'
'
as
•
John A. Bolles, a former judge of the City Court of
President of the corporation, disclosed that "the rail¬
roads
intend
to
capture our building, toward the construction of
which they did not contribute a single penny, on Sept. 30 when the
current interim lease expires."
He
said the railroads had
rejected his company's proposal to pay
In
full
all rent
arrears,
estimated at $450,000 which
accumulated
during the depression years, in return for reinstatement of the origi¬
nal lease which was to run until 1985.
Upon the expiration of the
first term of that lease in 1943, he explained, the railroads had re¬
fused to grant the first of two 21-year renewal options provided for
In that lease, but had instead given the presently expiring five-year
New
York, and
lease.
^
them
referred to his letter of June 8,
Bolles
Judge
railroads
to
for
the
all
submitted
will
Toads
outstanding
1948,
in which he
corporation's proposal to reimburse
arrears
in ground-lease rentals, provided
of the original
that the railproperty valued currently at 10
take
over
Sept.
on
30
a
the amount of the rental arrears.
times
the
railroads
"confiscation
the
cance
-of
our
of
2,000
to this plan, he said, it will amount to a
investment that transcends in public signifi¬
corporation and the reasonable protection
adhere
private
survival
a
of
our
addition
-officer
-dent
ENDED
MONTHS
3
JUNE
of the
and
Mr.
to
Judge
Colonial Trust Co.
Stoddard
as
corporation's Secretary.—V.
Mr.
Treasurer;
Kahn
and
167, p. 1852.
also
Vice-PresiBrussel, Jr., is the
serves
George
as
30
$1,128,417
136,542
Expenses
and
other
Income
87,240
$1,814,141
852,142
$773,198
852,142
taxes
in
income
*
stock
requirements
dividend
available
Balance
for
$961,999
stock:
common
& ♦$78,944
.-Jrff'
*Loss. '
■
months period ended June 30, 1948, the balance available
was $1,442,476,
compared with a deficit of $59,760
for the first six months of 1947,
For the six
for
There
As
on
in
arrears
quarterly
of
July
1,
dividends.
cleared.
been
now
share
market
earnings for
the second
on
payments
preferred stock
1948
amounts
1948,
the
after
prices,
to
All
net
equal
dividend
of that
on
the
regular
on
value
of
the company's assets, based
the pro rata portion of the
of
preference
stock had
an
indicated market value of $59,693,108,
to $52.54 per share of preference stock.
The net value of the
assets,
based on market
prices,
was
$64,515,002, (.equal
per share of common
stock.
remaining
to
$4,444
The
net
value
of
the
$7,606,935
taxes.
on
3%%
on
215,230
pref. stock
common
.
common share
undistributed net earnings of two
affiliated companies——____
—-----
ASSETS—
'
'
-
'
-
Cash
S.,
company's assets, as
of Aug. 4,
1943, op the
,
in
CONSOLIDATED BALANCE SHEET,
U.
1,958,432
•' $5.28
stock
-
State
and Canadian
■
,
$564,000
1948
$3,199,860
Inventories
(at
lower
investments
or
mkt.)
556,113:
to susidiary co. not
482,847
»
Prepaid expenses, deferred charges, etc
from officers and employees..
Due
589,510
:
;
Total
—;1
amortization)
573,663:
446,174
•,
63,222
7,640,393
5,458,287
4,164,787
$41,905,480 $30,235,307
—idLJ
..vU'-sv—v
82,117
5,742,776
tPlant, property and equipment—
•»____
Timberlands,
rights to standing timber, etc.
.(less depletion and
■Ai.
.A-z.
1947
$2,542,051
663,613
of average*cost
and advance
consolidated
Other
$3.71"
$551,008
,6,347.328
3,197,2546,885,938
4,568,274
d
.
Investment in
140,121
839,145'
,
10,987,454
7,948,636
♦Receivables
$5,389,302:
,
APRIL 30
Govt, securities (at
arrears
The
$60,661
deduction
on this second preferred
quarterly dividend of
United's holdings.
.—
$9,100,302
3,474,000
237,000;
Earnings per
Equity
of
stock to that date, was $124,208,110.
At that date the portfolio securities and cash' proposed to
be
distributed
to
preference stockholders under
the plan for the
retirement
dividends
on
$849,258
have
per
above
Power Corp., amounting to $424,629 in
the first
in the second quarter of 1548, in addition to
Hudson
regular
stock
the
and
quarter
the
In
dividends
of
account
$1.25
included
are
Niagara
dividends
Cash
stock
common
income
profit
Cash
194,56£
$12,439,935
4,564,000
269,000
tax—
income
and Canadian
Net
=
. r
309,085
provision for taxes on income—
Profit before
State
;> 4 ; ;
——
1947), less miscellaneous
Federal
Net
Preference
and $402,184
deductions
1948
in
267,979
125,196
($486,760
income
Other
$8,905,738.
$12,130,850
profit
Operating
1947
$2,075,879
income
quarterly
investors."
Bolles, the directors of the 277 Park Avenue
-Corporation are Carl S. Bresnick, President of the Cordovan Corp.;
JHenry J. Davenport, President of the Home Title Guaranty Co.; Eli
-Jacques Kahn, the architect, and Harry C. Stoddard, formerly trust
In
FOR
1948
Dividend
his
they would reinstate as of Oct. 1, 1943, the provisions
lease.
Their rejection of this proposal means, he said,
If
EARNINGS
building.
ment
i, J.
i: id
Volume
Number 4727
168
THE
COMMERCIAL & FINANCIAL CHRONICLE
-!
1
—
*
tTITIlTTTTBO
LIABILITIES
\
'
'
I
'
<■
'V;»i
.'-v.* I'iiV'."'/
'
Current instalments of long-term indebtedness.
Option pn timber (exercised in May, 1948)
Accounts* payable
Accrued' liabilities, other than Federal taxes on
for
Fed.
15-year 314%
3%
debs,
trxes
debs.,
due
of Canadian
Power
5,655,461
1963
purchase contracts
(non-current) ..1
Other long-term debt
Minority interest
of
subsidiary
cos
3%% pfd. stock
"""Common stock
Total
212,426
5,626,400
7,739,015
Dr34,520
share)—
per
share).
——
♦Net
*After reserves of $430,285 in 1948 and $391,568 in 1947.
fAfter
for depreciation and amortization of $3,374,579 in 1948 and
$2,821,720 in 1947.
tlncluding $920,312 withheld in 1948 in connection
with claims for refund filed under Section
7i2.
Slncludes provision
for renegotiation refunds.
1I$962,329 secured by liens on timberlands.
"""Represented by 1,401,528 shares issued.
ttRcpresented by
1,977'
shares in 1948 and 1,57*/ shares in 1947 (at cost).-—V.
168, p. 490.
1,418,168
$1,310,261
$2,138,209
($2.85
End.
June
-Earnings—2;=f"\
30—
sales,
and
after
sales
all
returns,
trans,
taxes,
discounts,
Cost of goods sold,
selling
$
excise-,.
allow
and
1947
$
Net
1948
gen.
contributions
Trusts.-
.
to
;
Total
sales
in
July
19,356,894
tne
seven
19,916,505
Total
Int.
funded
on
Frov.
for
808,103
18,864,442
(net)
indebtedness
|
1948
'j
Fed.
and
for.
inc.
1,206,422
7,320,441
tax
843,105
Net
income
Earnings
per
Of
provision
a
$1,000,000
'
jl
in
Victor
1947.—V.
Chemical
11,020,729
4.70
for
adjustment
168,
of
652.
p.
Interest
Ac
a
July 6
chare
stock
further
subscribe
may
for
and
A. L.
While
for
5.t( ek
17, 1948, the board voted
by issuing 42,800 shares
one
share
that
of
stockholders
additional
stock
of
at
to
offset
of
iuel
record
$7.50
per
each
10 shares owned.
Rights expired Aug. 10.
The sale
these additional shares will Increase- the
permanent working capital
the corporation
and
no
underwriting discounts, commissions or
expenses was incurred.—V.
163, p 389.
of
of
Warner & Swasey Co.—New
Myron S. CurUs has
Director of Engineering,
June
1
been
elected
director
and
also
who
a
and
Joseph,
Beavis,
has
member
a
been
of the
elected
a
law
firm
director
to
Thomas E. Jones.
Mr.
Curtis
appointed
retired
on
1940,
and
was
of
one
Warner
&
Jones, Day,
succeed
;
Joined The
of
Cockley
late partner,
his
rX.
.
1943 to
this
J > Washington
Gas & Electric Co.—Plan Amended—
The reorganization plan under the
Bankruptcy Act has been amended
by Nathan A. Smyth in a filing with the SEC.
.r.The company will issue
$400,000 of 4% 25-year first mortgage bonds
and
63,027 share* (no par) common stock instead
of $782,250
of
bonds and 93,842 common
shares as had been proposed under the
iA
previous plan.
These
issue
Subsidiary,
together with
Southern
Utah
The
bondholders
shares
of
common.
chares
the
would
new
the
common.—V.
and
creditors
new
common
of
$312,900
62,580
would
common
stock of Washington's sole
will be distributed among the
Washington.
Co.,
receive
common
General
of
the
Power
creditors
and
shares
receive
490
of
the
new
'the
of
$2,450
shares
of
of
bonds,
Utah
bonds,
Southern
490
Utah
164, p. 998.
new
On
Operating
Operating
'II Net
June
deductions
revenue
Net
$2,864,915
Period End. June 30—
Operating
Operating
Taxes _!
on
510,000
adjustment of
Net
share
income
$3,353,921
743,341
75,964
$867,277
$739,947
$4,021,298
Fixed
18,662
126,185
$889,805
$4,147,483
233,121
$758,609
232,975
1,386,756
1,381,345
$656,684
charges
$525,634
$2,760,727
$2,659,520
—
income
$489,857
shares.
taxes
tBased
""$2.98
t$1.15
to
conform
on
425,000
to
2V4%
ICC on Aug. 9 authorized the company to assume
obligation
liability, as guarantor, in respect of not exceeding $5,800,000
equipment-trust certificates, series M,
to be issued by tne
Nat.onal
accrued
Bank
of
New
in
connection
dividends
York,
as
trustee, and sold
with the procurement
at
of
99.169
certain
30—
Quarter
Ended
earnings
June
Co.—Earnings—
30—
""1948—12
$40,407,630 $35,720,317 $77,923,918 $68,867,757
27,814,371
23,750,124
54,562,584
46,387,452
4,056,260
4,021,790
7,695,430
7,698,870
income
$8,536,999
$7,948,403 $15,665,904 $14,781,435
1947
$279,715
202,561
$64,805
Income
■
.
income^
Gross- income
deductions
s Net income
Preferred dividends—
Class A dividends
JBal.
for
com.
.
444,536
447,373
$8,981,525
3,481,867
895,131
income
Income
deductions:
total-
139
$64,996
__
$77,293
37,169
39,291
$27,826
$38,001
27,826
Appropriation to special reserve
—V.
168,
38,001
$5,499,668
949,585
191,296
$5,079,327
$9,148,402
949,585
$9,903,280
1,899,170
191,296
;
382,592
Railway
Railway
-
$4,358,787
$3,938,446
$7,621,468
$3,866,640
"K $1.86
$1.68
$3.25
oper.
as at the beginning of the
periods to (1) the sur¬
by the then parent of the company, American Water Works
&
Co., Inc.
(which
has
been
dissolved and liquidated),
and
cancellation of all shares of
capital stock of the.company (other than
common
stock) previously owned by the parent
company;
(2) the
inclusion of certain additional
expenses formerly borne by the parent
render
Electric
company;
and
(3)
related
Federal
adjustments resulting from
eral
income
tNet
the
income
6
income
changed
tax
affiliations
tax
t
of
months
purposes.
tOn 2,343,105
the company alone
for
shares
applicable to its
ended
June
20,
per share of common stock.-
)f
adjustments,
vy-a C
y'-..u
1948,
was
,
,»
1 i
of
common
common
Fedr
stock.
stock
for
$1,606,234, equal to 68 cents
11
including
consolidated
y
V
was
beginning
1953.—V.
168,
and6 its
1950
the
bonds""'
4Mi%
prices
annual
reacquisltions
of
the
April
company's
1,
1949,
the
Corp.—Offers
SEC
for
of
President,
will
the
(he
shares
by
not
be
be $31
Mr.
said
employees
will
of
be
able
to
buy
market price in
/the month that
payroll
reduction
frlan.
A
worker
one share for each $200
of his annual
month
per
included
price
per
in
to
share.
per
the
Directors
under
share and the minimum
168,
shareholders
the
will
employee
be
$25
per
652.
p.
to
and
plan.
employees
Co.—Postpones Action
articles
of
employees
a
Price.—V.
meeting of
held Aug.
Purchase
average
purchase
to
900,000
purchase
Stock
Preferred Stk.
on
consider
incorporation authorizing
13 and adjourned to Sept.
a
proposed amend¬
issue of preferred
an
15 because of
lack
a
-1
of
'
>.
The
proposed amendment provides for the issuance of
120,000 shares
of new convertible
preferred stock (par $50) and would authorize addi¬
tional shares of common stock
sufficient to cover
the
of
the
new
conversion
rights
preferred.
(Stephen
Files
F.)
Whitman
&
Son,
be
used
Inc.
to
increase
the
Philadelphia—
With SEC—
On Aug. 1C a letter of
notification was filed with the SEC for
1,000
shares of second 5% preferred stock
(par $100), to be offered at par.
Wood. Jr., & Co., Philadelphia.
Proceeds will go
to selling stockholders.
Underwriter, A. C.
Winston & Newell Co.,
SEC—
The
!.
company
40,000
Aug.
on
chares
($5
Minneapolis, Minn.—Files With
11 filed
par)
letter of
a
stock.
common
notification
The
with
proceeds
to maintain
adequate inventories, to reduce bank loans
operations.—V. 167, p. 1965.
the SEC
will
and
be
used
for business
Wisconsin Power & Light
Co.—Registers
company on Aug. 17 filed a registration statement with
the SEC
covering $5,000,000 first mortgage bonds, series C, due
1978,
and
320,232 shares ($10 par) common stock.
Bonds wi'.l be sold at com¬
bidding.
used
V.
367.
§CrB4,329
Payroll
All
tax
149,457
$3,832,861
$2,624,316
§621,819
858,867
11381,969
Net
be
used
cr
to
to
V.
prepay
Other
oper.
income
income
____
a
like
common
stock
Sept.
for
additional
to
be
amount
of
record
one
will
reimburse
made,
of
3
share
each
that
2%
be
four
for
company
except
outstanding
to
are
subscription
for
con¬
$494,000
serial
will
notes.—•
2795.
9,720
83~616
574,782
520,720
$594,837
$255,970
$2,254,292
$1,235,009
78,874
454,710
540,336
firm
$177,096
$1,799,582
73,954
795,650
Corp.—Bonds
Offered—
other
of
the
bonds
at
competitive sale
its bid of 101.58.
on
bids
were received
at the sale.
They were: The First
Corp., 101.329; Union Securities Corp., 101.09; Glore, Forgan
Merrill Lynch, Fierce, Fenner & Beane, 100.76; Harriman
& Co., Inc., 100.51; Kidder, Peabody & Co., 100.481; Salomon*
100.91;
Bros, & Hutzler, 100.4675.
The
greater part
of
together
be
of the sale's proceeds will be applied to the pay¬
outstanding short-term bank loans.
The balance,
$1,750,000 from the sale of additional common stock
$4,600,000
with
used
ccnstruction
to
finance
program.
the
remaining
This
program
portion of the company's 1948calls for construction- expendi¬
totaling $8,000,Obo in 1943 and further expenditures of $7,000,000
in
1949.
Major undertakings- are the installation of new electrie
generating facilities and additions to transmission, distribution and
substation facilities.
extent,
$694,673
101,663
Service
award
won
Aug. 17
The
$528,880
Public
102% and accrued interest to yield approximately 3.02%.
The
399,167
the
larger
Green
<
corporation
furnishes electricity
and gas and,
bus transportation service and steam, in north
northeastern
ry.
shares
of
of
rate
tures
105,631
other
Railway oper. income
Equip, and joint faeil-
the
Proceeds
Wisconsin
Will
11270,054
additional
stockholders
at
Halsey, Stuart & Co. Inc. on Aug. 19 publicly offered
$5,250,000 3V8% first mortgage bonds due in 1978 at
Ripley
1948—6 Mos.—1947
Railyway tax accrualsIncome
shaie
expenditures made
struction
be
The
common
per
held.
Seven
$3,092,636 $20,975,819 $18,807,156
2,603,593
17,142,958
16,182,840
$489,043
to
$13.50
Co.,
$876,193
With SEC—
The
Boston
1948—Month—1947
expenses
Wisconsin
cities
and
furnished
an
with
adjacent
one
or
part
of
more
to
types
of
smatt
a
central
Michigan.
and
Among
service
ait)
Bay, Sheboygan, Oshkosh, Wausau and Menominee.
12 months ended Dec. 31, 1947, operating revenues of the
,
Miscell.
Fixed
♦Net
income
______
deductions
other
on
a
17,447
for
general
credit
$2,595,232
$1,093,839
1,465,576
271,579
343,695
$858,077
$624,362
-
43,762
$431,739
corporate
§Includes
$251,050
45.264
available
requirements
$630,543
153,54.0
income
•■"Arnounc
and
For
charges
$189,841
contingent
charges, i.e.
mortgage 4'/a %
capital fund,
income
bonds,
HIncome
reduces
taxes
from
are
sinking - fund
income
taxable income to .such
shown is necessary to date.—V.
World
,
of
accrued
income, before Federal income taxes
reported at $3,810,843.—V. 168, p. 652.
on
a
for
an
consolidated
net
loss
extent
no
168, p. 590.
ot
but
after
depreciation,
were
interest
purposes.
taxable
the
company
and its
subsidiary, Menominee and Marinette Light and
Traction Co., were derived approximately 82% from electric
operations,
13%
from gos and
5%
from transportation.
In that period, gross
125,782
$202,349 to adjust accruals of payroll taxes
under Railroad Unemployment Insurance
Act for
the period Jan.
1
to May 31,
1948, account reduction in rate from 3% to ^ of 1%.
deduction
-
590.
p.
quorum.
and Tidewater Southern Ry. Co.)
$4,051,228
3,175,035
revenues
oper.
.
$2.93
•U*Giving effect1
to
stock
ment
Total
stock
and surplus J
itEarns. per com. share
special
ment
(& Subs.)—Earnings—
Sacramento Northern Ry.
382,592
1,899,170
of
of
announced.
below
White Motor
The
on
590.:.
p.
Western Pacific RR. Co.
1,133,597
$8,395,776 $16,561,035 $15,915,032
3,316,449
6,657,805
6,766,630
bonds
value
$77,154
190
65,957
Nonroperating
.
the
Price,
$3
according
shares
1948
—
Period End. June 30—
Mos.—»1$47
share,
at
225,025
income
(Incl.
.1948—6 Mos.—1"1947
each,
1,
salary at the rate of $2
petitive
-
■
A.
at
maximum
offered
Western New York Water
shares,
accounting
mortgage
Thfe
and
440,030
and
period.
April
offered
company
purchase plan wjll
$4,040,865
Equipment Trust Certificates Authorized—*
Other
$929,887
$1,000,000
made
with
be
officers
The
for
Net
of
be
is
or
elected
$3,913,357
127,508
22,528
income
estate
$5,546,000 face
completed under
permitted to purchase
be
wage
76,153
income
real
far
were
to
the
stock
will
$3,908,104
81,406
8,438
835,578
f"-
revenues
Operating
$718,889
29,496
13,906
$1,765,465
__
common
©per. expenses, etc
Federal taxes on income
:i
oper.
ry.
Other
So
according to the company, would
company's working capital.—V. 168, p. 252.
$706,613
174,570
_
1951.
Proceeds,
Dr
(net)
will
18,
payment
v*-
income-
Jo;nt fac. rents
of
debt
reduction
begun last year,
the
purchases In the open market
andlnrtepders.
program
installments
payment
the
an
1948—6 Mos.—1947
Operating expenses and taxes; total
$1,521,120
stock-
168, p. 194.
-Operating
in
in the
Net income
Period End. June
,
610,OCO
Reduced—Joseph L. Egan,
1948, one-half of the $10,000,000 loan from the Recon*
Finance Corporation,
originally repayable by April 1, 1950,
prepaid, and the remaining $5,000,000 was made
payable in equal
Gwilym
decline
a
resulted
$3,628,456 $21,447,708 $20,653,470
2,409,567
15,102,787
13,907,366
500,000
2,991,000
2,838,000
2,561,930
$1,797,877
Dr32,412
$1,961,150
440,030
__
common
show
the
held
are
Aug.
equipment.—V. 168, p. 490.
.West Penn Electric Co. (& Subs.)
—Earnings—
f
was
907,321
•
*~V.
over
$3,878,543
expenses
Operating income
Equipment rents
(Cr)
Net
preferred
1948
which
3948—Month—1847
1
revenues
6,258,355
1948, about which
previously informed. Of these two bond Issues,
now
outstanding in the hands of the public $10,227,000 of
bonds and $18,560,000 of the
5% bonds.
4Vs%
which
"Western Maryland Ry.—June EarningsHigh^r—-
Total
on
1$% Balance
Earnings per
after
election
an
2,755,559
Westinghouse Electric
Rights to Employees-
and
$2,868,471
income
*Bascd
1948,
1,009,082
8,394,355
•
consisting of higher wages; increased
arising from several severe storms and
estate
3,556
income
Dividends
quarter
its
funding and
Registration
$289,831
revenues
Interest and other deductions•V
8,
2,136,000
638,288
partly from the cash proceeds of the sale
City headquarters building in March,
York
last
94,721
1947
$17,764,732 $15,368,385
14,899,817
13,570,508
income
Gross
'IT
1948
revenues
operating
Other
April 30—
$306,288
98,373
City of Great Bend,
Kansas (one of
the principal communities served by
the company)
to vote on the question of
municipal ownership of the electric utility.
This proposal was rejected
by a substantial majority of the voters.
—V. 167, p. 2367, v
and
^Washington Gas Light Co. (&
Subs.)—Earnings—
real
1.164,000
$401,009
second quarter of 1947.
six months of 1948 were more than
first
repairs
for
3,919,559
334,000
Aug. 10 said:
stockholders
annual
automatic dial service of the telephone systems in four communi¬
It also included expenditures
necessary to serve more than 2,000
customers added since Jan. l, 1948.
Chase
sjjf ,"'12 Months Ended
accruals
the
•1,343,082
4,000
surplus—
of
made
was
Aug. 2 said in part:
on
second
$19,720
expenses
of
692,288
struction
■
62,580
Southern
new
the
in
revenues
expense
25,000
On April 1,
additions
Gross
bondholders and general
the
earnings of
—39,944
(net)..-
on
4%%
there
property taxes.
to plant and property in the first six months of 1948
were more
than $1,250,000.
These expenditures included the installa¬
tion of three small electric
generating units and the completion of an
electric
transmission
system
with
another
inter-connecting
public
utility company, and the conversion from magneto to common battery
Swasey Co., engineering staff in
guide
in
reversed
additional
by
Net
the
members of the planning committee named
the company's investigation and development of new
capacity he has been largely responsible for the
development of the Warner & Swasey Sulzer
weaving machine. He
Was named Assistant
Director of Engineering in 1945—V.
167, p. 890.
in
products.' In
the
$499,382
$275,203
stock
earnings for the first six months of
was
increased
ties.
30.
Frank E.
the
costs;
and
Directors, Etc.—
William J. Burger
succeeding
1,409
$376,174
100,971
-
Mullergren, President,
trend
4,191,974
transferred
bonds
New
$492,023
115,849
...
Increased
May
provided
$497,972
1,169
deductions.
preferred
improvement in
Corp.—Rights, Etc.—
meeting of the directors
the outstanding capital
Increase
1947
♦Including provisions for income taxes and depreciation.
the
unissued
on
8,434,299
12,943
$6,440,000 of the 5%
bonds have been reacquired, at
averaging less than face value. The
resulting reduction of
interest charges on the bonds amounts to
$571,000. These
$2,623,923
2,125,950
.
;
other
3,000,455
and
the
income available for dividends
Dividends
Secondary
—
1948
$490,854
Balance
Works
Offering — F.
Eberstadt & Co., Inc., on Aug. 12 made a
secondary dis¬
tribution of 71,103 shares of
capital stock (par $5) at
$39 per share net. Dealers discount $1.50.—V.
168, p. 194.
Victor Products
and
2,723,874
—297,415
,
from net inc.
earned
its
5%
4.78
materials
raw
488,003
1,330,139
10,424
"
current
Continuing
were
$2,950,345
2,459,490
.
Net
certain
to
of
6,995,608
10,389,643
share
common
Including
11,434,754
681,864
inc.
/„
company made additional
-Earnings—
♦Operating
income
2,426,459
Funded Debt and RFC Loan
were.
Western Light Si Telephone Co., Inc.
Gross
1,818,142
during monthinc.
President,
were
montns
Net operating income
Non-operating income
709,311.
1,121,756
439,892
10,725,443
income accounted
for
Net
18,056,339
559,612
_
income
Net
$7,062,000, an increase of 11.8%
836,221,000,' an increase of 1.2%.
Wholesale sales in July were
$5,347,000, an increase of 7.4%, and
for
the
seven
months
$31,485,000, an increase of 11.2%.
Number
of
units in operation
at July 31 were
2S2 agi'nst 250 a year ago.
Wholesale accounts numbered
1,993 against 1,793.—V. 168, p. 292.
for
905,640
income
Delayed income
1948—Month—1947
*948—'7 Mos.—1947
$12,409,000 $11,293,000 '$67,707*000 $64,120,000
sales
Retail
1,520,819
200,004
(net)
Deductions
Period End July 31—
1,618,138
..
Six Months Ended June 30—
Balance
Other
income
amortization, estimated lit*
Employees' Profit Sharing and
the
903,573
inc.
ord.
."v./V,1/
ordinary
Extraordinary
and
July Sales Higher—
■;
258,762,911*265,272,841
cxp.
$1.74
depreciation
$
218,183
ordinary
from
-«|_yq\"\.
Net
.
278,120,805 283,329,180
admin, and
arid
16,043,383
96.279,008 106.400,511
94,758,189
95,675,068
'
$2.33
providing fpr
taxes
16,322,101
Gross
$1,751,350
come
17,661,521
Deducts,
1,115,939
Retirement
$
17,225,674
communication
$31,640,933 $30,810,590 $55,298,697 $52,827,536
2,597,541:
2,146,500
3,556,377
2,867.289
Inc. Tax.
1948—6 Mos.- -1947
$
'
revenues
___
83-3,239
and
Months
—
earnings
♦After
Co.—Earnings—
1948—Month—1947
Operating income
Ordinary income—non¬
1948—6 Mos.—1947
earnings
——^$1,562,454
Earnings per share.;.-,
$2.03
v
United States Rubber Co. (& Subs.)
Operating
$17,949,181 $18,373,222 $29,144,025 $29,493,826
13,691,752
12,437,368
26,154,672
23,333,710
sales
net
Telegraph
$
Co.—Earnings—
1948-T-3 Mos.—1947
Net
reserve
Six
30—
1,035,087
$41,905,480 $30,235,307
—
s?.!es
Prov. for Fed.
Z>r8,470
7,696,596
>
13,128,401
-
Total
"162,146
5,862,900
7,739,015
June
sales
Wholesale
'
*
End,
Union
Period End. June 30—
Operating rev. exps
Western Auto Supply
Retail
375,000
344,325
'
——
$100
value $1 per
tfTreasury stock (common) __i.
Earned
surplus________
,
surplus
.
value
(par
(par
the
Period
••
111,176,724
290,105
(non-current)
capital, stock and
in
of the electric properties of the
company for week
14, 1948 totaled 105,695,000 kwh., art increase df 8.53%
output of 97,397,000 kwh. tor
corresponding week of 1947.
—V. 168, p. 652.
409,091
.v
■
Western
output
ending Aug.
949,681
§4,952,042
3,920,000
363,636
(non-current)—
subsidiary (non-current)
Notes payable under timber
Weekly Output—
$219,346
1,533,6:
over
income—
on
I**'!»..
$542,002
175,000
1,920,957
1,189,873
iProv.
53
(789)
*
'
'
return basis!
The
subsidiary companies
greater accrual than is
See Decca
Zetka
Broadcasting System, Inc.—Name Sold—
Records, Inc. above.—V. 158,
Television
E. Burnside & Co.,
Tubes,
p.
200.
Inc.—Stock
Offered-^-Willis
Inc., on Aug. 17 offered (as a specu¬
lation) 280,600 shares (100 par) common stock at $1 per
share. For further details see V.168, p. 590.
54
;V
(790)
;
COMMERCIAL
THE
;
FINANCIAL
&
Monday, August 23, 19'48-
CHRONICLE«
.
___________
STATE AND CITT pEPAKTMENT
.■»
i
«■-,
BOND PROPOSALS AND NEGOTIATIONS
Tuscaloosa
ALABAMA
1
/
County (P.
((.(Tuscaloosa), Ala.
Ashford, Ala.
-
Bonds
Sold—An
Warrants
issue
of
Sold
An
—
$100,000 gasoline tax warrants was
000
water .(• revenue sold on
mortgage,
Aug. 5 to Thornton, Mohr
bonds was sold in June to Thorn¬
& Co., of Montgomery, as 2s, at a
ton, Mohr & Co. of Montgomery,1
price of 100.03.
Dated Aug. 16,
and Hugo Marx & Co. of Birming¬
1948 and due serially on Feb. 15
ham, jointly, as 3y2s, at a price from 1949 to 1956 inclusive.
of 99.30.
Dated July 1, 1948 and
due on July 1 from 1949 to 1968
n
CALIFORNIA
n
County
(P.
"/T
4o
Alameda County School Districts.
.
O.
Clayton),
•
r
]/!n
n
5S?J? oC^°f ^°^°nTerT?'
Tntfa ? ?alo
foIcf+i'ioSi
ia5b*
j.
6 °n
0
'
-
n*
.
x'rust & Savings Association, the
American Trust Co., both of San
! Francisco,
Brundidee
'W.rran?
$25,000
+
n'
aJ Of the Bank of America National
100-04. Dated
n
a
|
Ala
I*
•
A
the
Harris
Trust
&
Savings Bank, of Chicago, Blyth &
Co
of San Francisco, the Northern Trust Co. of Chicago, R. H.
4!
m-A" lssue,o£
general
\
"Bond Sale—The $2,814,000 Ala! meda United Sch. Dists. bonds ofiered for sale 0n Aug. 17, were
awarded to a syndicate composed
,ls repor^
^ftmOOO gasoline tax warrants
nnn
Oakland), Calif.
Q
(p
1
,
*
obligation water
»
Moulton
&
Co
of
Los
jomtly, at
Birmingham,
follows.
par, as
Wells & ;Co
!laney
of
Chicago,
stone & youngberg of San Fran-
I cjsco an(j
Magnus
& Co. of Cin$10,000 3s. Due $2,000 on May 1 frinnati, at a price of 100:111, va
from 1949 to 1953 inclusive.
| net interest cost of about 2.28%,
15,000 3ViS. Due May 1, as fol- on the bonds divided as :follows:
lows:
$2,000 from
1954
to $1,500,000 as 2s, due from Sept. 1,
1959 inclusive and $3,000 in
(
1960.
May 1, 1948. - Legality
approved by White, Bradley, Ara.
o
rant
a
&
n
_
All
Conecuh
f
t-% •
of
•
.i
( Warrants
Co.
on
mu
of
28
issue
an
y-v
c* "1
AHA
AAA
T T
z
$1,000,000 Hay ward Union
High School District bonds offered
for
sale
at
awarded to
the
a
same
time, were
syndicate composed
of the Bank of America National
Trust & Savings Association, the
$60,000 "American Trust Co., Blyth & Co.,
Sold—Thornton, Mohr
Montgomery, purchased
July
1950 to 1962; $480,000 as 2y4s, due
Sept.. 15, in 1963 to 1966 and
The
of
School Districts Nos. 1 and 2
1
1949
to
s
$1,000.
Due on
foilows: $2,000 in
197-1, and $1,000 in
as
Interest
is
rate
to
not
exceed
will
bonds
be
Bond
sold
of
that
state
bidder
the
interest
accrued
and
less than
interest to the
Each bid must
accrued
delivery.
and
date
offers
par
date
the
of
delivery, and state separately the
close
for
certified
a
10%
cashier's check
or
of bonds
the amount
of
bid for each issue,
payable to the
Chairman Board of Supervisors.
Fresno
r
Sch. Dist. (P. X).
Fresno), Calif.
Sales—The $30,000 East-
County
Bond
School Dist. bonds offered
on Aug. 3—v.
168, v. 491
—were awarded to the
Securityerby
sale
for
National
First
of
Bank
An¬
Los
as 3s, at a .price of 100.06, a
basis of about 2.99%.
Dated April
1, (1946.
Due $3,000 from April ^1,
1957
1966
to
inclusive.
payable A-G.
The
Interest
.
$110,000 Easterby Sch. Dist.
bonds offered for sale at the same
ed
jointly
Staats
Co.
about
of
and
lows:
H.
R.
Moulton
divided
2.68%,
$60,000
from Sept. 1,
from
bot of San Francisco, at
Alabama
.Z^S ^^Al\.lssue
$190,000 Board o± Education
rants
was
fj°"p
purchased
^omp?™
0
Thornton,
°f
'
a
Mohr & Co. of Montgomery,
Stern,
Agee & Leach, and Hendrix &
May.es, both of Birmingham as
.2/2S, at a price of 100.26.
Dated
June
1948 and
1,
due
on
<
June
1
from 1950 to 1965 inclusive.
Lowndes
County (P. O.
Hayneville), Ala.
V
i Warrants
Sold
—
An
issue
of
$100,000 gasoline tax warrants was
sold on July 12 to an account com¬
posed of Berney Perry & Co.,
Hugo Marx & Co. and Watkins,
Morrow & Co., all of Birmingham
and Thornton, Mohr & Co. of
Montgomery,
99.01.
on
Dated
Feb. 1
l3/4s, at a price of
Aug. 1, 1948 and due
as
from
1949 to
1953 in¬
clusive.
(>/(•
'
■
((
■!.
.
...
JMobile, Ala.
Tenders Wanted—H. G. Ziegler,
City
Comptroller,
will
sealed tenders until 10
on
1948.
price
Sept. 8 of 3y2%
-
a.m.
receive
(CST)
Tunnel
Rev¬
enue
Anticipation bonds, dated
April 1, 1943, and maturing May
1, 1969.
The tenders to be no
greater
in
amount ~ than
the
amount which is available in
the
Sinking Fund, which is $214,719.86, not including accrued in¬
terest.
Orland
"
*
" *
Tehama
Counties,
Dt*+.
r •'-* S^h.
(P. O.
Willows), Calif.
Bond Sale—The $125,000 school
building bonds offered Aug. 16
awarded
were
America
the
to
National
of
Bank
Trust
&
Sav¬
The $435,000 San Leandro School
District bonds offered for sale at
ings Association, of San Francisco,
at a price of 100.19, a net interest
cost of about 2.753%, as follows:
$27,000
1949
same time, were purchased by
syndicate composed of the Bank
due on Sept. 1 from
inclusive, and $98,-
3s,
to
1955
0f America National Trust & Savi
000
jngs
Association, the American
Co., Blyth & Co., all of San
Francisco, R. H. Moulton & Co. of
from
Trust
ond
bonds
los
the
divided
bonds
$170,000
as
.follows:
2J/4s, due from
Sept.
15, 1949 to 1958; $85,000 as 2y2s,
due from Sept. 15, 1959 to 1963,
and
the
remaining $180,000 as
2%s, due from Sept. 15, 1964 to
1973, all inclusive.
Interest pay¬
as
1956
trict bonds at
price of 100.762, a basis of about 2.36%.
Due $5,000 on Sept. 1 from
Los
Calaveras County School Districts,
(P.
O.
Bond
will
be
(CDST),
San^ Andreas),
Offering
—
received
Sept.
-
Calif.
Sealed
until
4
basis of about 2.35%.
Sept. 1, as follows: $5,000
from 1949 to ,1957 inclusive,
76,
a
Due
and
as
Sept.
inclusive.
3s,
was
made
All of the bonds
offered Aug. 16 werea group composed of*
Francisco, at a price of
net interest cost of about)
as follows:
100.01,
2.70%,
a
Due '$6,000
Aug: (1^
inclusive./ ;
60,000 2y2s. Due $6,000 on Aug.''
$18,000 4s.
from 1949 to 1951
Angeles,
100.704,
3s, at a price
basis of rabout
Due serially on Sept.
inclusive.
1 from 1949 to 1971
255,000 Arcadia City School Dis¬
bonds
to
a
group
com¬
&
Co.,
San Francisco and
Stern, Frank & Meyer of Los
Angeles,
$50,000 San Andreas Elementary
101.128,
School District bonds. Denom¬
2.603%.
ination $500.
1 from
234s, at a price of
a
"basis
of
about
Due serially on Sept.
as
1949 to 1965 inclusive.
66 000 Agua Dulce
Union School
District bonds to John Nuveen
inclusive.-
1961
,Duo $6,000 on Aug. (
from 1962 to 1973 inclusive.
1
offered
bonds
awarded
to
Note Sale—Award
Bros.
&
was
made
Hutzler
of
New
notes
1.17%, plus $16.
at
The
dated Sept. 13, 1948 and
are
mature
Feb. 25,
on
The of¬
1949.
fering consisted of $7,150,000 43rd
series notes and $1,194,000 44th
series notes.
Bids were rejected
for the balance of $2,000,000 43rd
series
Land
for
the
Aug.
were(
9
composed Of
group
of
America
National
Trust
&
Savings
Association,
Blyth & Co., Haller, Bruce & Co.,"
Barth
J.
&
Co., ail of San'
price of 100.124, a.
basis of about 1.967%, as follows:;
$40,000 l3/4s. Due $10,000 on Sept.r
Francisco, at
1 from
The
1948
a
1949 to 1952
bonds
and
election
inclusive.;
entire
dated
are
were
Sept.
authorized
at
1,
an
June 22.
on
COLORADO
Gvnnison
on
York, as follows: $2,000,000 at
1.16% plus $25 premium; $1,000,000 at 1.17%, plus $14; and $1,150,000
a
Bank
the
School
District,
B""rls Defeated—At
an
Colo.
election
*
Aug. 3 the voters rejected the
proposed issue of $460 000 school
on
bonds.
Springfield, Colo.
Bonds Sold—An issue of $17,000
works
water
sold
been
bonds
system
to
the
Schweser Co. of
has-
Robert
(E.
Omaha.
CONNECTICUT
Greenwich Housing Authority,
■Connecticut
44th
Sale—An issue of $628,200
notes were awarded on
Note
series.
series MI
San
Union
Juan
Sch. Dist.
Aug. 11 to the Putnam Trust Co.;
(P. O. Sacramento), Sacramento
or Greenwich, at 1% interest, plus
High
County, Calif.
Bond
the
to
Sale
Details
—
a
It is
now
by the County Clerk that
$160,000 'building bonds sold
R.
Moulton
H.
&
Co.
and
premium of $25. Dated Aug. 17;
Due Aug.
17, 1949.
Le¬
San Mateo Union
gality
approved
Bond Sale—The issue of
000
by
Robinson,
& Cole of Hartford.
Robinson
the
High School Dist.
(P. O. Redwood City),
•
1948.
FLORIDA
17—v. 168, p.
as
a
to
1952
72,000 23/4s.
& County of),
California
,
William R. Staats Co., both of Los
Angeles, jointly—v. 168, p. 491—
691 were awarded as follows:
were purchased by the said firms
$450,000 Lynwood School District at a price of 100.03, a net interest
cost of about 2.83%, on the bonds
bonds
to
a "syndicate
com¬
posed of the Bank of America divided as follows: $20,000 as 5s,
National Tjjust & Savings As-( due on Aug; >1, in 1950 to 1953;
sociation, Blyth & Co., Weed¬ the remaining $140,000 as 2%s.
due from Aug. 1, 1954 to 1966, in¬
en & Co., all of San Francisco
Interest payable F-A.
and William R. Staats Co. of clusive.
Los
Co., Weeden
Levy & Co..
all of San
Sale—The $771,000 school
bonds offered Aug.
Trust
Lawson,
and
San Francisco (City
Bradenton, Fia.
/•■«'««/,:.///
Paying Agent Appointed—The
Guaranty Trust Company of New
has been appointed paying
York
agent for $1,200,000 of the above
City's 3%% water and sewer
enue
bonds due in 1950 to
Center Hill,
-
Hearing
on
Calif.
Plan—Creditors
$3,225,-
that
school bonds offered Aug. 17
the
a
Refunding
being advised :*
petition has been filed
United
States
;
Fla.
Debt
are
rev¬
1974.
District
in
*
Court
*
—v.
in and for the Southern District of
a
Florida;
168, p. 591—were awarded to
syndicate composed of the Bank
posed of the California Bankv of America National Trust & Sav¬
of Los Angeles, Heller, Brucer
ings Association, American Trust
Sept.tl, 1949 to 1968, inclusivei*
Co*,
&
to
American
the
'
build-
dated Sept.
are
1948.
Interest M-S.
Legality
approved by O'Melveny & Myers,
of Los Angeles.
1,
by
Angeles County Sch. Dists.
bonds
awarded
O.
Due $10,000 on Sept.;
1 from 1953 to 1964 inclusive.*
p.m.
Due $2,500 from
ing
$3,000 in 1958.
1
Sec¬
Sale—The $150,000
120,000 2s.
trict
7,
San
and
48,000 San Salvador School Dis¬
trict bonds at a price of 100.-
bids
by John
Squellatti, County Clerk, for the
purchase of the following bonds
aggregating $97,000:
on
1963
to
on
(P. O. Los Angeles), Calif.
Bond
a
1958 inclusive.
1949 to
stated
of
able M-S.
County
School
O. San Bernardino),
Sch. Dist. (P.
Jose), Calif.
McKinley
Bond
'
Franklin-
County,
California
Sonoma 4*CountyF" !Peld\uma
City
Bonds Sold—The Security-First
Sch. Dist. (P. O. Santa Rosa), {
National Bank of Los Angeles was
Calif.
recently awarded, as 21/&s, the fol¬
Bond Sale—The $160,000 school '
Weeden & Co.
2%s, due serially
dated June.
\
high bid of 100.58 for all of
the
Angeles, Weeden & Co., Helipr
Rrnrp
hnth
ler, Bruce Xr Cn
&; Co., both nf San
of San
Francisco, the California Bank of
Los Angeles, J. Barth & Co., Lawson, Levy & Williams and Hanna¬
ford & Talbot, all of San Fran-cisco, at a price of 100.13, a net
interest cost of about 2.61%, on
Bernardino
omon
and
Glenn
are
;
Clara
Santa
from
in¬
1958,
bonds
15,1948.
Aug. 17 of $5 150.000 notes to Sal¬
2.928%.
'
*
to
1949
1,
a
war-
July by
in
Sept.
1963 to
from
All of the
.
(P.
on June 15/
1968 inclusive.1
Due
2V4s.
985,000
Riverside), Calif.
Bond Sale—The ($350,000 con¬
struction bonds offered Aug. 9—
v.
168, p. 491—were awarded to
Barcus, Kindred & Co. of Chicago,
at a price of 100.002, a net interest
cost of about 3.45%, as follows:
$310,000 3y2s, due on Sept. 1 from
1949
to
1966, i-incl., and $40,000
3y4s, due on (Sept. 1 in 1967 and
1968. The bonds are dated Sept. 1,
fol¬
as
as 2y4s, due $6,000
1949 to 1958, and the
the
'
•
*
1959 to 1962 inclusive.
Sacramento County Sanitation
District No. 2 (P. O.
Districts
Due on June 15 from/
640,000 2s.
of San Francisco.
&
clusive.
lies Corp. of Nashville and
Stubbs,
Smith & Lombardo of Birming-
™
from
as
3%s, at a price of
Second high bid of par for
award¬ lowing $98,000 bonds:
William R. $50,000 Terrance Union School Dis¬
the
to
Due on June 15;
1952 to 1958 inclusive.
;
1,120,000 l%s.
4y4s and. $9,000 4y2s was
the Bank of America NatiOnal Trust & Savings Association
Co., both of Los Angeles, at a
price of 100.05, a net interest cost
Oakland and Hannaford &
gality approved by White, Brad- .'000 as 2%s, due from Sept. 15,
ley, Arrant & All of Birmingham.! I960 to 1965 and $200,000 as 2%s,
j due from Sept. 15, 1966 to 1969.
Geneva County (P. O.
Geneva), Interest payable M-S.
1949 to 1951 inclusive.
school
$17,000
made by
San
'Due on. June 15 from I
$480,000 '4s.
time—v. 163, p. 491—were
Cincinnati, C. N. White & Co. of
a
follows:
as
v
geles,
gomery,
Hendrix
&
Mayes of
Birmingham, Cumberland Securi-
of 100.0549, a net interest cost of
2V4s, at a price of 99.68. 1 about 2.51%, on the bonds divided
Dated June 1, 1948.
Due on Dec. as follows: $500,000 as 2y4s, due
1 from 1948 to 1956 inclusive Lefrom Sept. 15, 1950 to 1959; $300,-
O.
$8,000
war-
as
Sale—The
100.24.
interest the bonds shall bear. En¬
—
ham,
(P.
Elsinore,
as
Tal¬
District
Wildomar
bonds offered Aug. 9 were award¬
to the First National Bank of
if any, offered for the
bid for, and the rate of
bonds
at a price of 100.061, a •
interest cost of about 2.119%,
! net
County,
premium,
j all of San Francisco, the Northern remaining $50,000 as 3s, due $5,000
2V4s, at a price of 100.52.! Trust Co. of Chicago, R. H. Moul- ffom Sept. 1, 1959 to-1968.
In¬
Dated June 1, 1948 and due on ! ton & Co. of Los Angeles, Weeden
terest payable M-S.
June 1 from 1949 to 1968 inclusive.' & Co., Heller, Bruce & Co., both
The $10,000 Herndon Sch. Dist.
s
(
of San Francisco, the California bonds also offered at the same
DeKalb County (P. O. Fort Payne),
Bank, William R. Staats Co., both time—v.
168, p. 491—were award¬
Alabama
of Los Angeles, J. Barth & Co.,
ed to the Bank of America Na¬
"LWarrants Sold
An issue of
Kaiser & Co., Lawson, Levy & tional Trust &
Savings Association
$270,000 gasoline tax warrants was Williams, Schwabacher & Co., all of San Francisco, as 4s, at a price
sold in May to a group composed of San Francisco, H. V. Sattley &
of 100.19, a basis of about 3.96%.
of Thornton, Mohr & Co. of MontCo., of Detroit, Magnus & Co., of Dated Sept. 1, 1948.
Due $1,000
rants
'
ed
cash only and at not
par
inclu¬
Riverside), Calif.
payable at the County Treasurer s
'The
Levy & Williams, Schwabacher & Co., Stone & Youngberg and "
Schuman, Agnew & Co.. ail ot San
Sept. ;
on
1973
to
Inc., New York; Law- '
Blair & Co.,
son,
j Francisco,
School
Dated Sept. 1,
Principal and interest (M-S)
office.
Due
194a
Riverside
5%, payable M-S.
1948.
4.216%.
from
sive.
1972.
on
"the remaining $834,000 as 2V2s,
due from Sept. 15, 1967 to 1973.
Birmingham.
County School Districts
O. Evergreen), Ala.
(P.
&
,
|
v..
Dated
1,
Angeles,
works.warrantss/wasi Purchased in Heller, Bruce & Co., Weeden &
A
I1'
o°''nf <~°'> both of San Francisco, MulMontgomery and
Stubbs, Smith
aoout
Sept.
lor
w
Barbour
nomination
of
issue
$50,-
inclusive.
& Co., Chicago, as 4y4s, at a
price of 100.368, a basis of
a<,uuo vancy springs jaienitntary
School
District bonds.
De¬
O.
Co.
and
Blyth & Co., all of San
Francisco;
First
Boston
Corp.,
York; R. H. Moulton & Co.,
New
Weeden &
& Co.,
ern
Co., and Heller, Bruce
all of Los Angeles; North¬
Co., Chicago; J. Barth
Trust
Raiser & Co. and Dean
Witter & Co., all of San Francisco;
&. Co.>
for the
*
Ocala
Division,; asking
confirmation
of a plan *6f
composition for the indebtedness
of the City under the terms of tli6 '
Municipal (Bankruptcy
Act.
A
hearing
on
held
the
petition will be
Building in
the City of Ocala, Fla., on Nov. 5!,
1948, at 10 o'clock a.m-r, for the
purpose of hearing said petition
and considering and passing upon
at
the
Federal
•
i!
•Volume
163
r
Number 4727
Rtckfsland County Housing
with any answers or objections^
filed by any creditors." 4 s'' '
■
."•i vt.\'iivv
Jy::, ■ •" *."• •' 0 ''?•'+{i
I
..
■Gulf County
Special Tax Sch. Dist.
(P.'O.- Wevuakiichka), t la, '■
too. 1
i
Bond Sale—The $400,000 school
bonas offered Aug. 17—v. 168, p.
*:801—were
awarded
composed
of
the
•
to
a
.
group
Co.
Trust
of
:<jrt-Oigia, of Atlanta, Paul Fredcrick & Co. and Herbert J. Sims
■
Authority, HI.
Note Sale—The
was
Co.
awarded to the Bessmer Trust
of
Jersey City, at 1.10%, plus
premium of $7.
a
1948 and due Feb.
Dated Sept. 7,
25, 1949.
of
The
bonds
callable
are
'.any subsequent interest payment
•at
varying premiums,
the
■•on
date
'high bid
depending
redemption.
of
100.047
Second
for
4s
was
submitted
works
16—v.
168,
tb8, p. 391—were awarded to Raf¬
fensperger, Hughes & Co. of In¬
dianapolis as 2V4S, at a price of
101.013, a basis of about 2.07%.
Dated July 10, 1948 and due semi¬
annually from
Jan. 10, 1960.
were
$80,000 water
bonds offered Aug.
692.
p.
Tippecanoe Township Schl. Town¬
ship
(P. O.
North
Sale
—
bonds
Webster), Ind.
$35,000 con¬
Tne
offered
on
Aug.
The bonds are dated Aug, 20, 1948
and mature semi-annually from
Dec.
15, 1948 to June 15, 1958.
Second high bid of 100.44 for 21/2 s
made
was
by City Securities Corp.
of Indianapolis.
July 10, 1949 to
Second high bid
will
Ottumwa, Iowa
bidder
par.
Bond
until
bids
sealed
on
Clerk,
City
bons,
10
py a syndicate composed of
J. Van Ingen & Co., Welsh,
for
in
the
shall
be
relieved
of
any
liability to accept the bonds there¬
after.
The City will furnish and
Gib¬
the
pay
receive
a.m.
for the
30
Aug.
will
provided
so
form.
Bonds shall be
ready for delivery and payment
with
s a i d
approving. opinion
within 30 days frpm the date of
sale herein provided for or the
$67,000
street improvement bonds offered
Aug. 16 was awarded to the Carl¬
ton D. Beh Co, of Des Moines, the
only bidder, as 5s, at a price of
Ottumwa, Iowa
Offering — Fhank
be
bidding
Bond Sale—The issue of
cost" of
the
bond
forms
and the
legal opinion. In the event
prior to the delivery of said
bonds the income received by pri¬
(CST)
that
purchase of
$40,000 general obligation street
improvement bonds. Dated Sept
vate
holders
1,1948. Denomination $1,000. Dui
$10,000 on Nov. 1 from 1949 to
1952 inclusive. Registerable as tc
principal only. City will furnish
taxable
bonds
the
of
character become
by the terms of any Fed¬
income tax law, the success¬
eral
ful
from
type and
same
bidder may
be relieved of its
under any accepted
obligations
Wakarusa, Ind.
the printed bonds and the ap¬
Bond Sale—The1 $25,000 street
•B.
of 100.56 for 2i/2s was made by
proving legal opinion of H. N
improvement bonds offered Aug.
•Davis & Co., Thornton, Mohr &
the Indianapolis
Bond &. Share 12—v. 168, p. 492—were awarded Rogers of Des Moines.
•Co., Watkins, ■ Morrow' &
Co.,;
to the Indianapolis Bond & Share
Urbana Cons. Sch. Dist. (P. O.
•Cylde C. Pierce Corp.,- Jackson¬
Corp. of Indianapolis, as 2s, at a
Urbana), Iowa
ville, Stubbs, Smith & Lombardo,
Frankfort, Ind.)
Bond Offering — Both sealed
price of 100;25, a basis of about
•and Thomas M. Cook & Co.
Purchasers—In connection with
1.907%.
Dated July 15, 1948 and and open bids will be received
the sale of the $2,000,000 electric
due semi-annually from Jan. 1,
until Aug. 25, at 8 p.m. (CST), on
ILLINOIS.
revenue, 1948 bonds awarded on
1949 to Jan. 1, 1954.
Second high Aug. 25, by J. C. Rice, Secretary
Aug. 11 to a syndicate headed by
Chicago Housing Authority, III.
John N.uveen & Co.;of Chicago, bid of .100.20 for 2s was made by of the Board of Directors, for the
;
Note Sale — The $19,156,000
of
as
$46,000
building
27/8s, at a price of 100.7586, a Raffensperger, Hughes & Co. of purchase
.notes offered Aug. 17 were awardbonds. Denomination $1,000. Dated
net interest cost of about 2.82%— Indianapolis.
'ed as follows:
July 1, 1948.
Due on Nov. 1 as
v. 168, p. 692—we are now advised
Warrick County (P.O.
R. W. Pressprich & Co.,
follows: $2,000 in 1949 to
1959,
that Stranahan, Harris & Co., Inc.
New York,
Boonville), Ind.
and $3,000 in 1960 to 1967.
of Toledo, were members of the
Prin'
Bond Sale—The $102,000 bridge
$2,000,000, 124th Series
cipal and interest payable at the
syndicate which purchased the
bonds offered Aug. 18—v. 168, p.
- (Pius $7.00)
1.10%
School
Treasurer's
office.
All
;iu«ue
55
OCO building bonds was awarded amount of $160,100 .plus accrued
Aug. 17-to the Carlton D. Beh ' interest.
The C.ty will furnish
Co., of Des Moines, as 2^s, at a the approving opinion of Chap¬
price of par.
man & Cutler, of
Chicago, which
16—v.
168, p. 591—were awarded
to Raffensperger, Hughes & Co.
of Indianapolis, as 3s, at a price
of 100.603, a basis of about 2.87%.
(791)
-on
the
for
revenue
struction
.
clusive.
Sharpsvi.le, Ind.
Bonds Not Sold—No bids
Bond
1.16%.
INDIANA
Co., both of New York, as 4s,!
•at at p. ice of 100.24, a basis of.
Center
Township Sch. Township
about 3,97 %. The bonds are dated,'
(P. O. Crown Point), Ind.
:Jmy 1, 1948 and mature serially
Bvftd Sale—The $6o.0U0 build¬
.on. July
1 from 1950 to 1969 in¬
ing bonds offered Aug. 11—-v.
:10 years from date of issue or on
'
Salo¬
Bros. & Hutzler of New York,
second high bidder, named a rate'
mon
CHRONICLE
ings Bank of Chicago and C. J.
Lfevine
Co., New York, jointly,
of
$372,000
(9th series) notes offered Aug. 17
issue
FINANCIAL
COMMERCIAL* &
THE
proposal
and
the
in
purchase the bonds,
case the amount of
to
such
good faith check will be re¬
upon
request. Enclose £
turned
certified check for $3,000.
"
Louisiana
District,
School
Bogalusa
Washington Parish, La.
,
Sale
Bond
The
—
$1,081,000
school bonds offered Aug. 17 were
„
i
awarded to
of
a
syndicate composed
Hattier
white,
&
Sanford,
scharff & Jones, Newman,
•
Brown
•
&
•
bonds.
,
692—were awarded to the Indian¬
-Bessemer Trust
Co.,
Jeisey City,
V, $1,000,000, 124th Series
(Plus $15.00)
1.12%
.Continental Illinois National
> Bank & Trust Co.,
<:i.
-
Chicago,
$3,b0U,uu0, 124th Series
.»
1.125%
Central Hanover Bank &
<
i
Tiust
Co., New York,
$2,000,000 124th Scries
(Pius $10.00)
.
i
1.125%
-
-La
" $i.)U OuU, 124th Series._
.Ilaris Trust & Savings
:
Bank, Chicago,
r '
1.125%
$500,000, 124m Series..
•
1.125%
Saomo" Bros. & Hutzler,
I
New York,
:
125th Series
1.125%
$1,817,000, 128th Series
First National Bank,
Chicago,
'> $3,000,000, 126th Series
1.125%
:
'
;
Sears
1.125%
Community Bank,
vancagj,
'$300,000,
Series
126th
1.125%
City National Bank & Trust
Co., Chicago,
;
$700,000, 126th Series-1.125%
;
*
-
American
National Bank,
-Chicago,
$631,000, 126th Series--
■
1.125%
127th Series.
1.125%
Northern Trust Co. Chicago,
;
$1,000,000, 127th Series
1.125%
Exchange National Bank,
$69,000,
.
_
Chicago,
$100,000, 127th Series-;
1.125%
The
124th
Sept.
on
126th
and
'
series
1
•
dated Sept. 7,
are
the 125th series
.
1948, and
dated Aug.
are
..
of
an
492—were
National
awarded
Bank
16—v. 168, p.
to the First
and A.
G.
Becker
&
Co., both of Chicago, jointly, as
2*4s, at a price of 100.15, a basis
about
of
■if 1948
and
2.23%.
due
Dated
$25,000
July
Jan.
on
fiom 1950 to 1968 inclusive.
able in direct numerical
'
par
and accrued interest,
1,
order, at
be
'
i
•
:
of
101.55
for
2y2s
Harris Trust
Bank of Chicago, p
the
by
•
was
&
to
(15th
Aug.
17
series)
was
notes
awarded
of
by each bidder. The
being issued to provide
pay
unlimited
ad
taxable property in the City. En¬
close a certified check for $10,650,
payable to the City.
Middle
Township (P.
Pittsboro), Ind.
Bond
Sale—The
offered
were
Aug.
16—v.
awarded
to
O.
$95,000 bonds
168, p. 492—
the
Fletcher
Trust
Co., Indianapolis Bond &
Corp. and Raffensperger,
Hughes & Co., all of Indianapolis,
at 2V2S.
Sale consisted of:
Share
$52,000
Civil
Township
bonds.
Due semi-annually from
July
•
1, 1949 to Jan. 1, 1968.
43,000 School Township
bonds.
Due
semi-annually from July
1, 1949 to July 1, 1963.
All of the bonds
1,
are
dated June
1948.
Bond Sale—The $450,000 sewer
construction bonds offered Aug.
18—v.
168,
p.
492—were awarded
Martin, Burns & Corbett, both of
Chicago;.*jointly, as 2s, at a price
of 101.409, a basis of about 1.77%
The bonds are dated July 1, 1948
and
mature-semi-annually from
July 1, 1949 to July 1, 1963. Sec¬
ond high bid of 101.259 for 2s was
made by the Harris Trust & Sav-
Dated Sept. 7. 1948 and
Feb. 25, 1949.
Salomon Bros.
Hutzler of New York, second
high bidder, named a
rate
-J.16%, plus a premium of $13.
of
—
Sealed
bids
will be received by the Secretary
of the Board of School Trustees
until
7
p.m.
(CDST)
on
Aug. 30
for the purchase of $535,000 not to
exceed 4% improvement bonds of
1948.
Dated July 1, 1948.
J-J.
Denominations
which
est
in
Interest
the
bonds
are
to
bear
multiples of % of 1%, and not
than
the
First
specify
all
bid
other
of
a
bid
or
of
Leary & Co., of Shreveport, Weil
& Arnold, Weil & Co., Nusloch,
Baudean & Smith, Howard, La-
par
better and
better
one
National
Bank
and
ical
Education
building, recon->
verting the present heating sys¬
tem, repairing and remodeling of
present school buildings, and are
the direct general obligation of
the School City; payable out of
Kingston, Glas & Co., G. Price
and Schweik-
the lowest!
given preference.
The
approving opinion1
of Chapman & Cutler, of Chicago,
and
expenses
of preparing the f
bonds ready for execution are to
be paid for by the successful bid-
specifying
Crane, John Dane
hardt, Landry & Co., at a price of
a
net interest cost of;
2.99%, as follows: For $339,000
maturing Sept. 1, $45,000 in 1950,
100.064,
1951, $47,000 in 1952,
1953, $50,000 in 1954,
$51,000 in 1955. $52,000 in 1956, as
f01
*2y2s, and $742,000 maturing Sept.
$46,000 in
$48,000' in
der*a^d all bids must be so conditioned.
A
certified
check
$1,000, is required.
1? $54,000 in 1957, $55,000 in 1958,
$57,000-in, 1959,>$58,000 in 1960,
in 1981, $61,000 in 1962,
Muhlenburg County (P. O. Green- $63,000 in 1963, $64,000 in 1964,
ville), Ky.
$65,000 in 1965,' $67,000 in 1966,
Bond Sale—The $189,000 school, ipotvuuu
m
19oY, and $70,000 in
KCNTiiruv
-
~
*
$60,000
building revenue bonds offered ! 19^8. ^
Aug. 14 were awarded to Walter, 1
In addition to said coupons the
Woody & Heimerdinger and the entire issue will bear an extra
W.
C. Thornburgh Co., both of
coupon of % of 1 % for 1 year.
Cincinnati, jointly, as 3s, at a
MARYLAND
price of 100.60, a basis of about
.
2.945%.
Denomination
$1,000.
Dated Aug. 1, 1948.
Due on Aug.
1, as follows: $5,000 in 1949 and
1950; $6,000, 1951 to 1955; $7,000, |
1956 to 1961; $8,000, 1962 to 1965;
$9,000, 1966 to 1970 and $10,000 ii
1971 to 1973.
Subject to redemp¬
tion on and after .Aug. 1,
1953.
Principal and interest (F-A) pay¬
able at the Citizens
Fidelity Bank
Louisville. Legal approval by Skaggs, Hays & Fahey
& Trust Co.,
Prince
Georges
Co.
Maryland
Bonds
Not
Sold—The
no^ to exceed 3%
$650,000
interest "general
improvement bonds offered Aug.
17—v. 168, p. 493—were not sold,
all
bids
having been rejected.
Dated Aug. 1, 1948 and due seri¬
ally
on
Aug. 1 from 1949 to 1973
rnriusive
of Louisville.
MARYLAND
Whitesburg, Ky.
Bond Offering — LeRoy W.
Fields, Jr., City Clerk, will re¬
Baltimore County (P.
ceive
p.m.
Chief
(CST) on Sept. 1 for the purchase
$168,000 not to exceed 3V4%
ceive
sealed
Metropolitan
(P. O. Upper Marlboro),
District
bids
until
7:30
O. Towson),
Maryland
Bond Offering—James
G. Selfe,
Clerk and Auditc>r, will re¬
sealed
bids
until
11
a.m.
(DST) on Sept. 9 for the purchase
of $11,700,000 not to exceed 5%
interest
water
revenue
bonds
interest coupon bonds, divided as
Dated
Aug.
1,
1948.
Interest
unlimited ad valorem taxes to be
(F-A). Denomination $1,000. Due follows:
levied and collected on all of the
Aug. 1, as follows: $3,000 in 195C $5,000,000 Metropolitan District,
taxable
property in the School
to 1952, $4,000 in
1953 to 1957,
16th issue bonds.
Due $125,City.
The approving opinion of
$5,000 in 1958 to 1962, $6,000 in
000 Sept. 1, 1949 to 1988. Is¬
Chapman & Cutler of Chicago,
1963
to 1967, $7,000 in 1968 tc
sued under the provisions of
will be furnished the successful
1972, $8,000 in 1973 to 1977, and
Chapter 539 of the Acts of the
bidder
at
the
expense
of
the
General Assembly of Mary¬
School
City.
The blank bonds $9,000 in 1978. Bonds maturing in
1959 to 1978, are to be optional
land of 1924, as amended. The
will
be
furnished
by the pur¬
for redemption by the City prior
proceeds of the sale of these
chaser.
No conditional bids will
bonds will be used for the ex¬
be considered. Enclose a certified to maturity in the inverse order
of their maturity on any interesi
tension and improvement of
check for 2%% of the total prin¬
the water and sewer system
cipal amount of the bonds, pay¬ payment date on or after Aug. 1
of the District.
1958, upon terms of par and ac¬
able to the School City.
crued interest, plus a redemption
4,700,000 public school bonds of
1948.
Due Sept. 1, as follows:
IOWA
premium of 3% of the principal
Bidders to name a single rate of
$156,000 in 1949 to 1977, and
Adair Independent Sch. Dist.,
interest in multiples of V4 of 1%
$176,000 in 1978.
Issued un¬
Iowa N
der the provisions of Chapter
Bids must be submitted only or
Bond Sale Details—The $55,000
422 of the Acts of the General
a
form available from the above
building bonds awarded July 30 to
Assembly
of
Maryland
of
sub¬
the Exchange Bank of Adair, as City Clerk, and unless so
mitted
will
not
be
1947, as amended.
The pro¬
considered,
2i/4s, at a price of 100.309—v. 168.
ceeds
of the
sale of these
Bidders shall be required to spec¬
p. 591—are dated Aug. 2, 1948, and
bonds will be used for the
mature serially on Nov. 1 from ify the exact amount offered for
construction and improvement
each
$1,000 bond plus accrued
1949 to 1967, incl.
'
of the County Schools, at Car¬
interest from Aug. 1, 1948, to date
roll Manor,
Stemmers Run,
of delivery. No bids will be con¬
Bussey Consolidated Sch. Dist.,
of
'
Iowa
Bond
Sale—An
sidered
issue
of
$30,-
•
things begin equal the bouisse, Friedrichs & Co., Lamar
and accrued interest! &
par
rate of interest will be
taxes to j funds to be used in defraying the
be levied and collected on all the
cost of constructing a new Phys¬
to
$15.
Offering
should
and include interest
valorem
to
the
Bond
bids
or
Whiting School City, Ind.
more
offered
J due
&
&
Mishawaka, Ind.
Rock Island Housing Authority, III.
Note Sale—The issue of $964,-
000>
composed
semi-annually from July
1, 1949 to Jan. 1, 1959.
interest rate shall
judgments existing
against the City and are the direct be named. Said bonds are being
I issued for the purpose of procuring
obligation of the City, payable out
made
Savings
Bessemer Trust Co. of Jersey City,
•at 1.08% interest, plus a premium
.
named
are
1, 1958 or on any subsequent interest payment date.
Second high
.bid
.
of the
Savings Bank of
and
Raffepsjperger,
Trust
bonds
"
•
account
funds
Jan.
on
and due
$1,000 and
$500. Due $8,000 Jan. and $10,00(t
Chicago
July ly-%1949, $il;00G Jan. and
Hughes & Co., Indianapolis.
July 1, 1950 and 1951, $11,500 Jan*
and July 1, 1952, $12,000 Jan. and
Indianapolis, Ind.
Bond Offering—Philip L. Bayt, July 1, 1953 and 1954, $13,000 Jan.
City Controller, will receive seal¬ and July 1, 1955, $12,500 Jan. and
ed bids until 11 a.m. (CDST) on $13,000 July 1, 1956, $13,000 Jan.
Sept. 1 for the purchase of $426,- and July 1, 1957, $13,500 Jan. and
000
not
to
exceed
3%
interest July
1,
1958, $14,000 Jan.
and
judgment funding bonds.
Dated July 1, 1959, $14,500 Jan. and July
Sept.
15,
1948.
Denomination 1, 1960, $15,000 Jan.
and July 1,
$1,000.
Interest J-J.
Due July
1961, $15,500 Jan. and July 1,
1, as follows: $53,000 in 1951 and 1962,
$16,000 Jan. and July 1,
1952, $54,000 in 1953 to 1957, and 1963, $16,500 Jan. and July 1,
$50,000 in 1958.
Bidders will be 1964,
$17,000 Jan. and July 1,
required to name the rate of in¬ 1965, $17,500 Jan. and July 1,
1966 and $17,500 Jan. and $28,000
terest which the bonds are to bear
in multiples of V4 of 1%, and not July 1, 1967.
Bidders will be re¬
more than one interest rate shall
quired to name the rate of inter¬
1
Call-"
for 2%s was made
101.639
Harris
27,
Princeton, III.
Sale—The $475,000 sewer
Bond
bonds offered Aug.
•
Stuart & Co. Inc., Chicago
and the City Securities Corp. of
Indianapolis, jointly, as 23As, at
a price of 102.05, a basis of about
2.55%.
Dated Sept. 1. 1948 and
due serially on Jan. 1 from 1950
to
1974 inclusive.
Second high
apolis Bond & Share Corp. of In¬
dianapolis.
Dated Aug. 1, 1948
sey,
1948.
:
;
bonds
offered
Aug.
16—v.
168, p. 492—was awarded to Hal-
of
pAU of the notes mature
! 7,- 1949.
000
by
,
;
Sanitary District, Ind.
Bond Sale—The issue of $380,-
bid
Salle National Bank,
Chicago,
?
,
Hammond
COtj an of New Orleans, EquitSecurities
Corp./ Barrow,
able
nor
for
except for all the bonds
less than the aggregate
Milfoi'd and Middle River.
2,000,000
public facilities bondai
56
(792)
of 1948.
lows:
i
Due Sept.
1,
fol¬
as
$66,000 in 1949 to 1977,
$86,000 in 1978.
Issued
under the provisions of Chap¬
ter 422 of the Acts of the
General Assembly of Mary¬
and
i
i.,-
land of 1947, as amended. The
proceeds of the sale of these
bonds
,
will
be
construction
,
for
used
of
the
drains
storm
in
various
places
in
the
County and for the Dundalk
Station
Fire
Avenue
the
and
Wise
Maryland, Baltimore.
Bidders must bid
at least par for
the bonds and will be expected to
specify the rate or rates of interest
to be paid thereon, in multiples of
1/10 of 1%.
or
Co., Northern Trust Co., Cmand the First of Michigan
Corp.
cago
Bidders
000 sewer bonds
issues, but may
not specify more than one rate for
the bonds of any
serial maturity.
The bonds of each of said three
issues will be subject to registra¬
tion as to principal only at the
Safe Deposit and Trust Co.,
Bal¬
timore, Registrar, Baltimore.
The
bonds of each issue will be award¬
ed promptly after the bids are
opened to the highest bidder, i.e.,
the bidder whose proposal offers
the
lowest cost for the money
The bonds will" be de¬
livered to
the
reasonable
a
in
purchasers within
time
Towson.
after
Delivery
the
sale
elsewhere
$200,-
awarded on
was
Second high bid of 100.68 for l%s
made
was
by Laidlaw &
Co.
of
New York.
bonds
1948.
are
dated
Sept. 1,
$1,000.
Due
Denomination
$20,000
Sept. 1 from 1949 to
Principal and in¬
terest payable in Boston. Legality
approved by Storey, Thorndike,
Palmer & Dodge of Boston.
MICHIGAN
Midland, Mich.
Bond Sale—The $13,000
sanitary
special assessment district
bonds offered for sale 011
Aug. 11—v. 168, p. 592—were pur¬
chased by the Midland National
Bank as 2s, at par, according to
the City Clerk.
Dated Aug. 15,
1948.
Due on Aug. 15, in 1949 to
1953,
inclusive.
Interest
pay¬
gewer
coupon
able F-A.
p. 592—were awarded to
the Citizens State Bank of Sturgis.
168,
Dated
July
and
1948
1,
due
on
Nov. 1 from 1950 to 1972 inclusive.
will be made at the expense of the
Bonds
purchaser.
and thereafter will be callable on
will
sue
be
The legality of the is¬
approved by George
apolis, R.F.D. No. 1), Minn.
building bonds offered for sale
Aug. 11—-v, 168, p. 592—were
on
awarded
maturing
Nov.
on
1,
1968
Nov. 1, 1956, or on any
M. Berry, for the County Commis¬
sioners,
subsequent
date, at par and
interest payment
by Niles,
Barton,
Morrow & Yost, of Baltimore, and
approving opinion of these gentle¬
bidding.
will
men
delivered
be
upon
re¬
quest to the purchasers of the
bonds without charge. Bidders are
requested
fund
submit
to
separate
sealed written bids for each of the
three issues, accompanied by a
good faith deposit of not less than
1% of the amount bid.* However,
Edina, Minn.
in the event bids
are
any
bidder for
sue,
then the bidder
more
submitted by
than one is¬
stipulate
that the bid for any issue is con¬
tingent upon the acceptance of the
may
bids for all issues.
Sale—The
$150,000 per¬
improvement
revolving
bonds
offered Aug.
9—v.
493—were awarded to a
composed of the Northwest-,
ern National Bank of Minneapolis,
Juran & Moody and Kalman
168,
p.
group
Co., both of St. Paul, as 2y4s, at
a price of 100.31, a basis of about
2.17%.
Dated July 1, 1948 and
due
to
$15,000
1 from
Jan.
on
1950
Bonds matur¬
inclusive.
1959
ing after Jan. 1, 1954, are callable
said date, or on any subse¬
on
MASSACHUSETTS
Holyoke,
Bond
•-
and
quent interest payment date, at
par and accrued interest.
Second
Mass.
Sale—The
$225,000 street
sidewalk bonds offered Aug.
17—v. 168, p. 692—were
to the Harris Trust
Bank of
New
York
a
a basis of about
1.38%. Dated Aug. 1, 1948 and due
1953
of
Aug.
on
inclusive.
100.31
for
from
1
Second
iys>s
1949
to
high bid
made
was
Fairmont, Minn.
Certificates
Savings
price of 100.348,
$45,000
high bid of 100.28 for 2.40s was
made by the Allison-Williams Co.
aNvarded
,
l%s, at
as
by
of
indebtedness
the
Fairmont,
$67,000
Aug.
18—v.
coupon
168,
p.
693—were
awarded to Tyler &
Co., of Boston, as 2%s, at a' price
of 101.83, a basis of about 2.26%.
Sale consisted of:
$50,000
-
-
Due
water
on
reservoir
-
on
;
-
All of the notes
are
dated Sept.
1948.
Second
high
bid
of
101.519 for 2% was made by Whit¬
ing, Weeks & Stubbs of Boston.
1,
Lynn, Ma8s.i,M^/:-;5
,/"<
.
■
Bond Sale—The
offered
on
•—were
$900,000 bonds
Aug. 18—v. 168, p. 693
awarded
to
the
National
City Bank of New Yofk, arid Laidlaw & Co., New York, jointly, as
2%s, ait a price of 101.20, a basis
of about 2.094%. Sale consisted of:
$200,000
Due
municipal relief bonds.
$100,000 on Sept. 1 in
1Q4Q anrt
700,000 city hall'building bonds.
Due $35,000 on Sept. 1 from
1949 to 1968 inclusive.
1,
1948.
Second
'■
j
dated Sept.
high
y
1950
Second
100.008 for 1.70s
Northwestern
Aug.
12
Bank
of
a
to
1955
high
bid
in¬
oi'
ma.de by the
National Bank of
was
Minneapolis.
Fosstcn, Minn.
Warrant Offering—H. V. Carlin,
26
the
for
coupon
fund
purchase of
warrants.
sewer
Bidders to
Dated
tution
name
a
single rate of
multiples of !4
or
1/10
Principal and interest pay¬
able at any
suitable banking insti¬
designated by the
bidder.
The
$180,000
per¬
improvement revolving
offered Aug. 10 were
syndicate composed
of Allison-Williams Co., Minne¬
apolis, Juran & Moody, and Kal¬
man & Co., both of St. Paul, J. M.
Dain & Co. and Piper, Jaffray &
Hopwood, both of Minneapolis, at
a
price of 100.074, a net interest
cost of about 1.728%, as follows:
$35,000 2V2S, due on Aug. 1 from
1950 to 1954 inclusive and $145,000 23/4s, due on Aug. 1 from 1955
a
to 1969 inclusive.
certified
check
Enclose
for
$100,
able to the City Treasurer.
pay¬
received
on
Oct. 4 for the
until
Approved
—
An
the Bessemer Trust Co.
of Jersey
City, at 1.15%, plus a premium of
$9.50. Offering consisted of $335,-
000
seventh
The
Chemical
series
and
$94,000
eighth series notes, all dated Sept.
7,-1948 and due on May 6, 1949.
Bank
&
Trust
Co.
of New York and
Associated, sec¬
ond high bidder, named a rate of
1.24%.
Rolling
Fork
Consolidated School
District (P. O. Rolling Fork), Miss.
Bond Legality Approved — An
$25,000 2%% school bonds,
May 1, 1948 has been ap¬
proved as to legality by Charles &
Trauernicht of St. Louis.
2,000,000 emergency school bonds,
East Helena, Mont.
proceeds of which will be
Bond Sale—The City Attorney
used to meet
payrolls, etc.,
states that the $37,000 water res¬
during the closing months of
ervoir bonds offered for sale on
the 1948 calendar year.
Dated
Aug. 1, were awarded to the Union
Oct. 15, 1948.
Denomination Bank & Trust Co. of
Helena, as
$100,000 or multiples thereof.
3y4s, payable J-J The State Land
Typewritten certificates will Board submitted a bid for
3y2%
be issued, with interest pay¬
bonds.
success¬
Village will fur¬
nish without cost to the
purchaser,
and within- 40 days after award of
the, printed
and
executed
warrants/and the approving legal
opiniqn.'bf Dorsey, Colman, Scott
& .Barber, of Minneapolis.
Lewis and Clark County
No.
400,000 public relief bonds.
serially.
Due
Ramsey County Common Sch. Disi.
No. 6 (P. O. St. Paul), Minn.
Bond Offering—Alden Krueger,
District
Clerk, will receive sealed
8 p.m. (CST) on Aug.
25
for
the purchase of $40,000
coupon
building
bonds.
Dated
Sept.
1,
1948.
Denomination
$1,000.
Due Jan. 1. as follows:
$2,000 in 1950, $3,000 in 1951, $4,000 in 1952 to 1956, and $5,000 in
1957 to 1959.
Principal and in¬
terest
payable at any suitable
bank or trust company designated
Sch. Dist.
(P. O. Helena), Mont.
2
Sale Details—The $26,000
school addition bonds awarded to
Union
& Trust Co., of
reported in v. 168, p.
592—were sold as 3%s, at a price
the
Helena,
of
Bank
as
100.38.
Ravalli
County School District
Corvallis), Mont.
No. 1J (P. O.
,
Bond
Offering—Carl T. Doty,
Clerk, will receive sealed
7:30
p.m.
(MST) on
Oct. 1 for the purchase of $75,000
District
bids
not
until
exceed 6%
to
ing bonds.
interest build¬
Dated Jan. 1, 1948.
Wheatland County (P. O. Harlow-
ton), Mont.
by the successful bidder.
Rate of
interest to be in multiples of V\
Bond Offering—Charles F. Wal¬
The District will
ton, County Clerk and Recorder,
furnish the printed and executed
bonds
and
the
approving legal
will receive sealed bids until Oct.
& Benson of
Minnapolis, without cost to the
purchaser, within 30 days after
to exceed 6% interest
1/10 of 1%.
or
opinion
of
Faegre
No bid of less than
award of sale.
and accrued interest will be
par
considered.
cashier's
or
Enclose
5 for the
purchase of $100,000 not
county hos¬
pital
bonds.
Dated
Dec.
10,
1948.
Due in 10 years; optional
after 5 years.
The bonds were au¬
thorized at
—
The
gregating $95,000, offered for sale
on
Aug. 10—v. 168, p. 493—were
the
Farmers
State
Bank, of Rothsay, as 4s, according
to the Village Clerk:
sewage
disposal system
bonds.
Due from July 1, 1950
$54,000
to
1968,
optional
on
July
1,
1958.
bonds
awarded
to
Harriman
Ripley & Co., Inc., of New York,
2s, at
as
about
of
price of 100.022,
a
1.997%.
Sale
a
basis
consisted
•
July 1,
1948. Interest
J-J.
Runner-up in the
was Kalman & Co., St.
All of the bonds
are dated Aug.
Second high bid
of
100.83
for
2%s was
made by
Whiting, Weeks & Stubbs, and
Robert Hawkins & Co., jointly.
1948.
Paul.
NEW JERSEY
East
Willmar, Minn.
Certificate Offering
—
Einar H.
1964 to 1968, both in¬
clusive, in all cases together with
unpaid interest accrued, to the
date of redemption.
Said bonds
will be coupon bonds of the de¬
nomination of $1,000 each," registerable as to principal only or as
to both principal and interest, and
will be payable in lawful money
at the office of the City Treas¬
urer.
Each proposal must specify
in a multiple of % or 1/20 of 1%
a
single rate of interest not ex¬
ceeding 6% per annum which the
to
are
no
pro¬
proposal.
acceptable
Each
pro¬
the amount bid
posal must state
for the
bonds, which shall be not
nor more than
A certified check for
$3,500, payable to order of the
City, is required. Legality Jo be
approved by Hawkins, Delafield
& Wood of New York City.
^
than $175,000
less
$176,000.
/L-
v
•
Jersey City, N. J.
Sale
the
Of
$650,000
coupon or registered bonds offered
for sale on Aug. 16—v.
168, p.,
593—a
total
of
$649,000 bonds
were awarded to a syndicate com¬
posed of Bacon, Stevenson & Co.„
R. W. Pressprich & Co., Hannahs,.
Ballin & Lee and Rand & Co., all
of New York, at 2.65s, at a price
of 100.206, a basis of about 2.63%.•
Bond
—
Series C
water,
$499,000
bonds.
Dated Nov.
1, 1947. Due from
Nov. 1, 1949 to 1977, inclusive.1500,000 emergency housing bonds.
Dated Sept. 1, 1948. Due $15,^
000 from Sept. 1, 1949 to 1958,
inclusive.
Dated Sept. 1, 1948.
Second
best
bid
of
100.32
for
$647,000 bonds
was
an
offer
for
$648,000 bonds as
2.70s, tendered by a group headed
by the National State Bank of
Newark, while third best was Van
Irigen &,Co., and MacBride, Miller
& Co., with a joint bid of 100.59
2%s.
as
/
<
Township School, Dist,
(P. O. Leonardo), N.' j. '.'t
Bond Sale—The $160,000 school
bonds offered Aug. 12—v. 168, p.
Co.
of
New
&
York, and Campbell
& Co. of Newark, jointly, as 2.40s,
at
price
a
of
about 2.388%.
basis
a
of
July 1 from 1950 to
Bonds maturing
1, 1959 are call¬
and accrued interest
on
inclusive.
1966
on
100.08,
Dated July 1, 1948
and after July
at par
July 1, 1958 or on any sub¬
sequent interest payment date,
Second* high bid of 100.38'for 2%'s.
was made by Boland, Saffin &
on
of New York.
'
Ocean
Bond
will
City, N. J.
Offering
received
be
i
Sealed bids
—
until
2
p.m.
(DST), on Aug. 30, by Anthony
E. Imbesi, City Treasurer,
foij jhe
purchase of $110,000 coiipon on,
registered jetty of 1948 bonds! in¬
,
Orange, JV. J.
Bond Offering —Alice I. Web¬
will
Allen
to
awarded
593—were
receive terest
is not
Brogren, City Clerk, will receive
ster,
sealed bids until 7 p.m. (CST) on
sealed bids until 8 p.m. (DST) on payable M-S; Denomination $1,000.
Aug. 31 for the purchase of $175,- Dated Sept, 1, 1948.
Due $10;000.
Aug. 23 for the purchase of $15,000
not
to,, exceed
2%
interest
000
City
not
to
Clerk,
exceed
6%
interest
from
rate
Sept.
to
exceed
1, 1949 to
6%'i;
1959. Prin¬
housing bonds. Dated cipal and interest; payable at the
Sept. 1, 1948. Due Sept. 1, as City Treasurer's office, • General
Sept. 1, 1948. Interest M-S.
De¬ follows: $7,000 from 1949 to 1954 Obligations, payable from unlinw*
nomination $1,000.
Due Sept. 1, inclusive; $8,000, 1955 to 1957 in¬ ited ad valorem-faxes*
as
follows:
$3,000 in 1949, and clusive^; $9,000 in 1958 and $10,$4,000 in 1950 to 1952. Bids must 000 from 1959 to 1968 inclusive. Washington Township Sch. Dist*
(P. O. Long Valley), N. J.
state
the
amount
of
premium The $140,000 bonds maturing in
street grading and curbing certi¬
ficates of indebtedness.
Dated
emergency
offered, if any,
interest
rate,
the
on
or
the basis of 2%
at such lower
bidder may specify, but no
bids will be accepted for less than
rate
as
1954 to 1968,. both in¬
will be subject to re¬
demption, prior to their maturities,
at the option of the City in the
years
clusive,
Bond Offering—Sealed bids will
be
received
on
Sept.
District
until
13,
by
■
8
-I**-*
f0
:
(DST);:
Burd,
purchase
p.m.
Elmer
Clerk,-for
i'Th'V
and
bear,
be considered which
rate higher than the
lowest rate stated in any legally
posal will
specifies a
able
1949 to 1963 inclusive.
75,000 sewer bonds. Due $5,000
on Aug.
1 from 1949 to 1963
1,
sive.
in the years
and due
of:
$90,000 public improvement bonds.
Due $6,000 on Aug. 1 from
inclusive.
Due on
July 1, in 1950 to 1958, inclu¬
Dated
offered Aug.
693—were
41,000 sewer warrants.
payable
bidding
Nashua, ft. H.
$165,000 coupon
17—v. 168, p.
Bond Sale—The
Minn.
Bond and Warrant Sale
to
July.
NEW HAMPSHIRE
check for $800, pay¬
following bonds and warrants ag¬
awarded
election in
1963 and 100 % of
in the case of bonds maturing
par
Middletown
able to the District Treasurer.
Rothsay,
an
certified
a
of bonds maturing in the
case
Bond
until
bids
the
years 1962 and
bonds
MONTANA
Due
.
in said bonds, at a redemption
price of 103% of par in the case
issue of $30,000 2%% electric rev¬ of bonds maturing in the year
enue bonds, dated.Feb. 1,1948, has
1954, 102%% of par in the case of
been approved as to legality by bonds maturing in the year 1955,
Charles
&
Trauernicht
of
St. 102% of par in the case of bonds
Louis.
maturing in the years 1956 and
1957,101% % of par in the case of
Mississippi Regional Housing
bonds maturing in the years 1958
Authority, Miss.
and 1959, 101 % of par in- the case
Note Sale—The $429,000 notes
of bonds maturing in the years
offered Aug. 17 were, awarded to
1960 and 1961, 100 %% of par in
Legality
following:
bonds.
numbers
their
of
order
Sept. 1, 1953 or any interest
payment date thereafter, on thirty
on
'■y-yAmoryi'cMisP^;^
Bond
dated
11 a.m. (CST)
purchase of the
inverse
(30) days' notice and on other
terms and conditions as provided
MISSISSIPPI
issue of
Minneapolis, Minn.
Bond Offering—Sealed, bids will
$34,000
after at par and accrued interest.
interest in
Minn.
bonds
awarded to
p.m.' (CST) oh Aug.
July 1, 1948. Denomination $1,000.
Due Jan. 1, as follows: $3,000 in
1950 to 1955, and $4,000 in 1956 to
1959.
Warrants having stated ma¬
turity dates later than Jan. 1, 1953,
will be each subject to redemption
and prepayment on said date, and
any interest payment date there¬
of 1%.
.
Sale—The
Bond
manent
Village Clerk, will receive sealed
sale,
are
bid
of
100.934 fo^u^s wag) made by a
group pomposed of Halsey, Stuart
''
from
1
clusive.
ful
IQ^fl
All of the bonds
Jan.
1.70s, at
as
bids until 8
water main notes.
Due
Sept. 1 from 1949 to 1963
inclusive.
on
notes.
Sept. 1 from 1949 to
1968 inclusive.
17,000
offered
price of
100.13, a basis of about 1.665%.
Dated July 1, 1948 and due $10,000
Lee, Mass.
Sale—The
$60,000
certificates
National
First
and
offered
The
p.
Salomon Bros..& Hutzler of New
Note
—
592—were awarded to
a
group composed of the
First
National
Bank
of
Minneapolis,
First National Bank of St. Paul,
168,
—v.
York.
notes
Sold
extension
water main
and accrued interest.
par
a
Monday, August 23, 1948
able at maturity.
manent
Bond
,; ■
Kenyon,
2,000,000 refunding
serially.
MINNESOTA
'
National
Bank, of Minneapolis, at a net in¬
terest cost of 2.88%, according to
the District Clerk.
Dated Aug. 1,
1948.
Due from Jan. 1, 1951 to
1967 inclusive. John Nuveen
&
Co.
was
the runner-up
in the
accrued interest.
and
First
the
to
be
Sturgis, Mich.
Bond Sale—The $163,000 storm
sewer
bonds offered Aug.
11—
v.
CHRONICLE
Hennepin County Joint Indep. Sch.
Dist. No. 102 (P. O, Minne¬
on
1958 inclusive.
may
each of said three
of
issue
Aug. 19 to Harriman Ripley &
Co., Inc., and Tyler & Co. of Bos¬
ton, jointly; as l%s, at a price of
100.719, a basis of about 1.61%.
specify more than one rate of in¬
terest to be borne by the bonds of
borrowed.
Sale—An
FINANCIAL
&
Bond Sale—The $455,000 coupon
Needham, Mass.
Bond
The
Sept. 1, 1948.
Principal
interest payable at the Union
Trust Co. of
%
&
Bridge.
Dated
and
COMMERCIAL
THE
the
L.
% :"v;.'''
;v
;1: f'"t *1
'•V
of
$185,000 coupon or registered
school bonds.
Interest rate is not
to exceed 6%, payable A-O.
De¬
nomination $1,000.
Dated Oct. 1,
1948,. Due on Oct. 1, as follows:
$5,000 in 1949 to 1978, and $7,000
in 1979 to 1983. Principal and in¬
terest payable at the Clinton Na¬
tional Bank, Clinton. Each pro¬
posal must specify in a multiple
of one-feighth or 1/20 of 1% a
single rate of interest which the
bonds are to bear, and no proposal
will be considered which specif ies
a rate higher than the lowest rate
stated in any legally acceptable
proposal.* Each proposal must state
the
bid
amount
the
for
bonds,
which shall be not less than
000
hor
more
$185,$186,000.
As
than
between! legally
acceptable pro¬
posals specifying the same rate of
interest the bonds will be sold to
the
bidder
complying with the
terms of sale and offering to ac¬
cept for the amount bid the least
amounts of
ing, and if two
offer to accept
bidders
least
more
or
the
same
amount then to the bidder offer¬
ing to
price.
pay
terest
date
the highest
purchaser must also
therefor
pay
The
an
amount equal to the in¬
on
van
the bonds accrued to the
valorem
ad
taxes
all
on
of
the
District's taxable property. A cer¬
tified check for $300, payable to
order of the
District, is required.
Legality to be approved by Van¬
dewater, Sykes & Heckler of New
City.
York
Brewster, N. Y.
Bond
Sale
The
$9,000 fire
truck bonds offered Aug. 12—v.
168, p. 593—were awarded to the
—
First National Bank
of
Brewster,
as
1.90s, at a price of 100.055, a
basis of about 1.88%.
Dated Aug.
1, 1948 and due $1,000 on Aug. 1
from
1949
to
1957
inclusive. Sec¬
ond high bid of 100.11 for 2s was
made
by the Putnam County Sav¬
ings Bank of Brewster.
Clinton
County (P. O.
Plattsburgh), N. Y.
'
(DST) on
25,
by
C.
M.
Morhous,
County Treasurer, for the pur¬
chase of $121,000 coupon or regis¬
tered
highway
bonds.
Interest
Aug.
rate is not to exceed 5%, payable
M-S. Denomination $1,000. Dated
Sept. 1, 1948.
his election, to be relieved of
bonds.
000
in
1950
burgh.
in
Vr.
■
(793)
cost.
Enclose
a
certified
cashier's check for $1,200, pay¬
The
interest
taxes
bonds
of
the
real
upon
to
be
1/10 of 1%
or
for all the
same
general
County, pay¬
are
unlimited
from
Platts¬
.
valorem
ad
property
and
have been authorized pursuant to
the Local Finance Law to finance
road
and
which
are
highway improvements
objects or purposes for
Guaranty Trust Company of New
York has been appointed paying
agent for $3,163,000 of the above
Greenfield Union Free School
No.
Bond
of the
Chairman
Board
of Trus¬
tees, Will receive sealed bids until
5 p.m
(DST) on Aug. 24 for the
purchase of $12,000 not to exceed
5 % interest coupon or registered
school bonds.
Dated Sept. 1, 1948.
Interest
Denomination
A-O.
$1,000.
Due $3,000 Oct. 1, 1949 to
1952. Principal and interest pay¬
able at the Adirondack Trust Co.,
Saratoga Springs. Rate of interest
to be in multiples of Ya or 1/10 of
1%, and must be the same for all
The bonds are gen¬
of the bonds.
obligations of the District,
payable from unlimited
ad valorem taxes upon real prop¬
eral
and
are
erty.
The
John
W.
approving opinion of
Nichols,
of
Saratoga
Williston Park, N.Y.
Bond Sale—The
$25,000 fire ap¬
paratus bonds offered Aug. 16-—
v.
168, p. 593—were awarded to
Tilney & Co. of New York, as
1.60s, at a price of 100.084, a basis
of about 1.572%.
Dated Aug. 1,
1948 arid due $5,000 on Aug. 1
ond
was
high bid of 100.021 for 1.60s
made by the Central National
Bank of Mineola.
NORTH CAROLINA
bonds
stadium bonds offered Aug.
17-—v, 168, p. 694—were awarded
the
to
awarded
Corp.,
to
168,
the
p.
1951 to 1960 inclusive, and $115,000 2%s, due on March 1 from
1961 to 1979 inclusive.
First
Madison, N. C.
Bond Sale—The coupon bonds
aggregating $70,000, offered for
sale on Aug. 10—v. 168, p. 593—
awarded to the First Securi¬
were
ties
Corp. of Durham, at a price
100.082, a net interest cost of
of
about
as
2.84%,
&
Phelps, Inc., of New York, jointly,
f
'
building
bonds.
Dated Sept. 1, 1948., Denomina¬
tion $1,000.
Due $4,000 on Sept. 1
registered
from 1949 to 1958
inclusive. Bid¬
single rate of in¬
terest, expressed in a multiple of
Ya or 1/10 of 1%.
Principal and
interest
(M-S)
payable at the
District's office in Parish. A cer¬
tified check for 2% of the bonds
der to name a
bid for, payable to order of the
Board of Education, is required.
ceed
5%, payable F-A.
Denomi¬
nation $1,000.
Dated Aug. 1, 1948.
Due
Feb.
1,
as
follows:
$35,000 in 1950 and 1951, $40,000 in
1952 to 1956, and $45,000 in 1957
and 1958.
Principal and interest
payable at the City Chamberlain's
office.
of interest
Rate
multiples of %
must
be
bonds.
the
or
same
bonds
The
to
be in
1/10 of 1%, and
for
all
will
be
of
the
valid
and
legally binding general obli¬
| Xegality to be approved by Haw¬ gations pf the City, all the taxable
kins, Delafield & Wood of New real
property within which will be
| York City.
subject to the levy of ad valorem
taxes to pay said bonds and"in¬
,5. T
Amityville, N.: Y, • „
terest thereon, without limitation
Bonds Authorized—The Village
•
.
.
.
"
the issuance of
$12,350 equipment
Board is said to
have authorized
North
White
Lake
'Dist, (P. O. Kauneonga
P
New York
.
Fire
Lake),
Offering—J. R. Vassmer,
Bond
I District
Treasurer,
receive
will
sealed bids until 2 p.m. (DST) on
Aug. 25 for the purchase-of $15,-
1948.
exceed 5% interest
registered fire truck
of
1948.
Dated Aug.: 1,
Denomination $500.
Due
$1,500
on
000
pot
coupon
bonds
The bonds
to rate or amount.
will
be
delivered
at
New
York,
N.
pu^cha^p bonds.'/V
\ Bethel,
as
Y,, or such other place as may
be
agreed with the purchaser,
about Sept. 10, 1948.
The approv¬
ing opinion of Vandewater, Sykes
& Heckler, of New York City, will
be
furnished
to the
purchaser
without cost.
Enclose
a
certified
cashier's check for $7,200, pay¬
able to the City.
or
-
Aug.
11958 inclusive.
1 from 1949 to
Principal and in-
Fire kDisti
(P.O.
Poughkeepsie), Poughkeepsie
and Hyde Park, N. Y.
Fairview
Bond Offering—Sealed bids will
be received until 2 p.m.
(DST),
on
Iterest (F-A) payable at the Sulli¬ Aug. 27, by Richard D. King, Fire
premium of $5. Second high bid
ized issue of $2,337,000.
of" 1.25%, plus $17, was made by
Salomon Bros. &
Hutzler of New
York.
Pnrnpcfp 1*
AT
?
r
.
Principal
and interest
payable in New York
City, general obligations; unlim¬
ited tax: registerable as to prin¬
cipal alone; delivery oh or about
Note Sale—The
$400,000 capital Sept. 14, 1948, at place of pur¬
notes offered on Aug. 18 were chaser's choice.
Bidders are re¬
awarded to J. P. Morgan & Co., quested to name the interest rate
Inc., of New York, at 0.88%. The or rates in multiples of Ya of 1%;
notes mature in one year and in¬ Each bid may name one rate for
clude $200,000 for sewer purposes part of the bonds (having the ear¬
and $200,000 for street improve¬
liest maturities), and another rate
ments.
The Genesee Valley Trust or rates for the balance, but no
Co.
of
Rochester, second high bid may name more than four
bidder, named a rate of $0.92%.
rates, and each bidder must' spe¬
The sale consisted of $200,000
cify in his bid the amount of
sewer
and
Each rate
$200,000 street im¬ bonds of each rate.
provement notes.
to
or
ling, Secretary of the Local Gov¬
ernment Commission, for the pur¬
chase of $870,000 coupon school
were rejected. Dated Sept. 1, 1948
building bonds.
Interest rate is
not to exceed 6%, payable M-S.
and due March 1, 1949.
Denomination $1,000.
Dated Sept.
Notes Sold—The Authority re¬
1, 1948.
Due on March 1, as fol¬
quested new bids on Aug. 19, with
lows: $16,000 in 1950 to 1959, $20,the
result
that the notes were
000 in 1960, $25,000 in 1961 and
awarded to C. J. Devine & Co., of
New York, at 1.18% interest, plus 1962, and $40,000 in 1963 to 1978.
These bonds are part of an author¬
a
housing notes (issues
V) offered on Aug. 18—v. 168, p.
694—were not sold, as all bids
emergency
1948.
the
Payable
Central
Trusst
Dated Aug. 23,
Aug.
23,
Hanover
1949
Bank
maturities.
The
approving
tive
&
opinion of Mitchell & Pershing of
New York City, will be ffurnished
Co., New York City. Le¬
gality to be approved by Reed,
Hoyt & Washburn of New York
City.
must be bid for bonds of consecu¬
at
the bonds divided
on
follows:
$10,000 recreation bonds, of which
$3,000 are 2I/4S, due on June 1,
in
1951
to
1953,
$7,000
and the
due
32,500 street improvement bonds,
of which $6,500 are. 2]/4S, due
on
June 1, in 1951 to 1953;
$15,000 are 2V2S, due from
June 1, 1954 to 1960; $8,000
are
3V2S, due from June 1,
1961 to 1964, and $4,000 are
2%s, due
June 1, in 1965
on
and 1966.
27,500 water bonds,, of which
$3,500 are 2V4S, due on June
1, in 1951 to 1953; $6,000 are
2V2s, due from June 1, 1954
1959; $7,000
due
3^s,
are
from June 1, 1960 to 1964, and
the
remaining
$11,000
are
2%s, due from June 1, 1965 to
1969.
Dated
June
payable
was
an
1, 1948. Interest
Second
best
bid
J-D.
offer of 100.111 for $25,000
2V2s, $20,000 as 2%s, $15,000 as
3s, and $10,000 as 3V2S, submitted
by J. Lee Peeler & Co., and* the
Vance Securities Corp. of Greens-
as
boro,, jointly.
Southern
Pines
School
District
(P. O. Carthage), N. C.
Offering — W. E. Eastcr-
Bond
ling, Secretary of the Local Gov¬
ernment
Commissidn, will receive
sealed bids at his office in
until
11
a.m.
Raleigh
on Aug.
24
$45,000 not to
(EST)
for the purchase of
exceed
ing
6%
interest school build¬
bonds.
Dated
M-S.
Interest
Sept.
Due
1,
March
1948.
1, as
follows:
$2,000 in 1950 to 1964,
$3,000 in 1965 to 1989. . Prin¬
cipal and interest payable in New
York City. Bidders are requested
and
to
name
in
the interest rate
multiples of * Ya
bid
may
name
of
or
1%.
rates
Each
rate for part
one
of the
bonds, and another rate or
rates for the balance, but no bid
may name more than three rates,
and each bidder must specify in
his
bid
the
each rate.
for
amount
bonds
turities.
of
bonds
Each rate must be
of
consecutive
The
awarded to the bidder
of
bid
ma¬
will
bonds
be*
offering to
purchase the bonds at the lowest
interest cost to the District, such
cost to be determined by deduct¬
ing the total amount of the
bid
mium
amount
the
from
of
pre¬
the
aggregate
upon
all of
their respective
interest
until
bonds
maturities.
No
bid
of
less
than
and accrued interest will
entertained.
Registerable as
par
be
to
principal only; delivery at place
of
are
purchaser's choice. The bonds
payable exclusively from an
unlimited
all
tax
to
be
levied
upon
taxable
property in the Dis¬
trict.
The approving opinion of
Reed, Hoyt & Washburn of New
York
City, will be furnished the
purchaser.
Enclose a
certified
check for $900,, payable to
the
State
Treasurer.
Stokes School District, Pitt County,
North Carolina
Bond
Sale—The
$45,000 school
offered Aug. 17—v. 168, p.
694—were awarded to the Vance
bonds
Securities
Corp.,
of
and J. Lee Peeler &
Greensboro,
Co., of Dur¬
ham, jointly/'kt
interest)
a price of par, a
Cost of about 3.029%,
purchaser. Enclose a certified
check for $17,400, payable to the
net
State Treasurer.
March 1 from 1950 to
the
re¬
2V2s,
as
June 1, in 1954 to 1960.
to
Securities
The bonds
are,;dated Sept.: 1,1948,
694—were
of Durham, and Byrne
of
Corp.
2.718%, as follows:
$35,000 2V2S, due on March 1 from.
County (P. O.
Graham), N. C.
Bond Sale—The $300,000 series
A school building' bonds offered
17—v.
Securities
of about
cost
'
or
First
Durham, and Byrne & Phelps,
Inc., of New York, jointly, at a
price of 100.164, a net interest
Alamance
Aug.
$150,000 ath¬
letic
from 1949 to 1953 inclusive. Sec¬
Springs, will be furnished to the
successful bidder. ■ Enclose a cer¬
which the
Sale —The
on
10 (P. O. Greenfield
Center), N.Y.
Offering—Charles Scott,
District
57
Kinston, N. C.
Bond
maining
at a price of 100.033, a net interest
Highway Law of New
cost of about ,2.673%, as follows:
binding obligations of the Board York authorized the County to
tified check for $240, payable to $54,000 2V4 s, due on March 1 from
of Education. Enclose a certified spend money.
Each bidder must,
1951
to
1959, inclusive; $66,000
as
a
condition precedent to the the Board of Trustees.
or cashier's check for $3,700, pay¬
2"% S,'* due * on' March 1 from 1960
able to the Board of Education. consideration* of his bid, deposit
Hempstead Common Sch. Dist.
to
1965
inclusive, and $180,000
with the County Treasurer a certi¬
\friXiig.- 8
: '
,-.v
;
•
No. 5 (P. O. Mineola), N. Y.
2%s, due on March 1 from 1966 to
Wyckoff Township School District fied or cashier's check for $2,420
Bond
Sale—The issue
of $2,- 1978
inclusive.
The
bonds are
drawn upon an incorporated bank
^CP. O. Wyckoff), N. J.
building
bonds
offered dated Sept. 1, 1948.
Bond Sale—The $119,000 school or trust company to the order of 135,000
bonds offered Aug< 19—v. 168, p. the County, and the amount of Aug. 18—v. 168, p. 694—were
Burke County (P. O.
awarded to a syndicate composed
593—were awarded to J. B. Han- such check deposited by the bid¬
Morgantown), N. C.
of George B. Gibbons & Co., Inc.,
auer & Co., of Newark/and Walter
Bond Sale—The $161,000 school
der
to
whom
the
bonds
are
Roosevelt
&
Cross, and Bacon,
Stokes & Co., New York, jointly,
awarded shall be applied as pro¬
building bonds offered Aug. 17—
Stevenson & Co., all of New York;
as
2.20s, at a price of 100.08, a vided by Section 59.00 of the Local
v.
168, p. 694—were awarded to
basis of about 2.18%.
Dated Aug. Finance Law of New York. The Marine Trust Co., Buffalo; Charles Alex. Brown & Sons, of Baltimore,
E. Weigold & Co., .Hornblower &
1, 1948 and due serially on Aug. 1 purchaser must pay accrued in¬
at a price of 100.081, a net interest
from 1949 to 1963 inclusive.
terest from the date of the bonds Weeks, Paine, Webber. Jackson & cost of about 2.59%, as follows:
Curtis, Francis I. duPont & Co.,
to the. date of delivery.
No in¬
$49,000 2s, due on May 1 from
■'■'.ft,:.
E. H. Rollins & Sons, B. J. Van
NEW YORK
terest will be allowed upon the
1950
to
1959, inclusive; $40,000
amount of the deposit made by Ingen & Co., R. D. White & Co., 2V2s, due 011 May 1 from 1960 to
Albion, Parish, Orwell, Hastings,
Hall & Co., and Tilney & Co., all
the successful bidder.
1966, inclusive, and $72,000 23/4s,
< Mexico
Amboy, Richland, Wilof New York, as 3.40s, at a price
due on May 1 from 1967 to 1978,
liamstown
and
West
Monroe
of 100.04, a basis of about 3.39%,.
Elmira, N. Y.
inclusive.
The bonds are dated
Central Sch, Dist. No. 2 (P. O.
Bond Offering — Sealed bids The bonds are dated July 1, 1948
Nov. 1, 1948.
Altmar), N. Y.
will
be
received
until
noon and mature serially on Jan. 1 from
Bond Offering — Wells Harter,
Cabarrus County (P. O.
(DST), on Aug. 24, by Francis K. 1949 to 1978 inclusive.
District Clerk, will receive sealed
Concord), N. C.
Norman, City Chamberlain, for
bids until 3:30 p.m.
Bond Offering — Sealed bids
(DST) on the
New York Housing Authority,
purchase of $360,000 coupon
will
be received
until 11
a.m.
Aug. 25 for the purchase of $40,000 or
New York
registered general improvement
not to exceed 4% interest coupon
Bids
Rejected—The $1,250,000 (EST), on Aug. 24, by W. Easterbonds.
Interest rate is not to ex¬
the
•
of
Rate
obligations
Hawkins, Delafield
City, that
are
valid and legally
Bank,
multiples of Ya
and must be the
able
of New York
1953.
National
purchase the bonds and in such
case the deposit accompanying his
Wood
to
Principal
and interest payable at the Mer¬
obligations under the contract to
&
r'V1'■' I
Town's serial bonds of 1948.
be received until 4 p.m.
chants
the opinion of
without
able to the Fire District.
type and
character shall be taxable by the
terms of any Federal income tax
law, the successful bidder may, at
ful bidder will be furnished with
-:;1
CHRONICLE
Bond Offering—Sealed bids will
from bonds of the same
bid will be returned. The success¬
■
Treasurer, for the pur¬
Rye, N. Y.
Bond Sale—The $1,465,000 gen¬
$60,000 coupon or regis¬
tered fire house of 1948, coupon eral improvement bonds offered
or registered bonds.
Interest rate Aug. 19—v. 168,' p. * 694—were
is not to exceed 5%, payable F-A. awarded to a syndicate composed,
Denomination $1,000.
Dated Aug. of E. H. Rollins & Sons, Coffin &
1, 1948.
Due $3,000 from Aug. 1, Burr, Hemphill, Noyes & Co., B. J,
1949 to 1968.
Rate of interest to Van Ingen & Co., Inc., G. C. Hdas
be in multiples of % or 1/10 of & Co., Wm. E. Pollock & Co., and
1%, and must be the same for all Tripp & Co., all of New York, as
of the bonds.
Principal and in¬ 2.30s, at a price of 100.229, a basis
terest payable at the First Na¬ of about 2.27%.
The bonds are
tional Bank, Poughkeepsie.
The dated Aug. 1, 1948 and mature on
bonds will be valid and legally Feb. 1 from 1950 to 1989 inclusive.
binding general obligations of said Second high bid of 100.079 for
District, all the taxable real prop¬ 2.30s was made by a group com¬
erty within which will be subject posed of Lehman Bros., Phelps,
to the levy of ad valorem taxes Fenn &
Co., Laurence M. Marks
to pay
said bonds and interest & Co., Hirsch &
Co., Hannahs,
thereon, without limitation as to Ballin & Lee, and Byrne & Phelps,
rate or amount.
The approving Inc.
opinion of Vandewater, Sykes &
Tonawanda, N. Y.
Heckler, of New York City, will
Paying Agent Appointed-—The
be
furnished
to the
purchaser
or
Due on Sept. 1, as
follows: $21,000 in 1949, and $25,-
his
FINANCIAL
■
chase of
County National Bank, Lib¬
Bidder to name a single
rate of interest, expressed in a
multiple of Ya or 1/10 of 1 %. The
bonds are payable from unlimited
payment of the purchase
price. In the event that prior to
the delivery of the bonds the in¬
come received by private holders
of
"V-;"S(-v:f.:^--1 "■"'
v
District
erty.
bonds, the bonds to be
accepted being those first matur¬
=:''::: 'iVir
THE COMMERCIAL &
Number 4727
Volume 168,
.'
as
follows: 1
$30,000 2W, due
on
1959, inclu-
v
••
'
»
V
The bor.ds
168, p. 394—were awarded to
J. A. White & Co. of Cincinnati,
da.ea Sept. 1,
a.e
interest.
—
1948.
—v.
NORTH DAKOTA
21As,
as
will
Offering
received until 3 p.m.
(CST), on Sept. 7, by Joe Fischwer, Jr., Village Clerk, for the
purchase of $6,000 3% village
bonds. Denomination $500. Dated
July 1, 1948. Due $500 from July
1, 1951 to 1962, inclusive.
A cer¬
tified check for 2% of the bid is
be
required.
■Nelson
No.
Due* semi-an¬
1,
1949 to
Sewer
District
No.
Due serially on
bonds.
1
Sept. 1 from 1949 to 1957 in¬
clusive.
1, 1948. Second high bid of 100.41
for 2%s was made by Ryan, Suth¬
erland & Co. of Toledo.
(P. O. Lakota),
168,
18—v.
Mer¬
Lakota, jointly,
of par.
Dated
July 1, 1948 and due on July 1
Sec¬
ond
high bid of 100.30" for 2.20s
was made by J. M. Dain & Co. of
Minneapolis, and Associates. '
gregating $65,000:
gross amount of bid and accrued
interest to date of delivery.
No
conditional bids will be received.
furnished to the success¬
be
without cost.
bidder
These bonds represent
ville
Uhrichs¬
in ; the
interest*
one-half
s
joint purchase by the municipal¬
ities of Dennison and Uhrichs¬
1956 and $2,000
Principal
payable
at
Beachwoodj Ohio
(M-S)
Treasurer's
Wanted—Benjamin C.
for
check
Bourne, Village Clerk, will receive
sealed tenders until noon (EST)
office.
in cash
must
and the cost of
!
printing the bonds
will be assumed by the County.
Ohio
Sabina,
Bond Sale—The $16,000
Ohio
vard
expressed in a
of 1%.
Interest
A certified check for $300,
boule¬
light bonds offered Aug. 11
National Batik of Sabina.
of Cleveland;
HBdnd
Offering—C.
EV
the plant in good
condition and provide for prin¬
cipal and interest on the bonds
plus an additional 20% of such
principal and interest charges un¬
til they have accumulated a sur¬
plus equal to two years' principal
and interest in the Bond Retire¬
Gairtey,
bids until
noon (EST) on Aug. 31
purchase of $4,500 5%
street improvement bonds.
In¬
terest J-D.
Dated July 1, 1948.
Dec.
$500
Due
1, 1949 to 1957. Bidders may
bid for
in
$500.
different rate of interest
a
multiples of
bonds
issued
are
of
14
The
1%,
the
under
bonds
be
will
sold
to
au¬
bidder for not less than
and accrued interest.
Enclose a certified check for $50,
value
payable to the Village.
Sale
Second
2V2S
Carna-
receive
Co. of Cincinnati.
Sale
1948.
Denomina¬
Due Jan. 1, as fol¬
1950 to 1974 in¬
clusive and $10,000 from 1975 to
1989' inclusive.
Bonds maturing
1.
Jan.
1; 1968 and: thereafter shall
be callable, in inverse numerical
order, on Jul v. 1, 1967 or on any
subsequent interest payment date,
at a price of ;nar and accrued, in¬
terest.
Prin'ip"!
and
interest
(J-J) payable: at the Chase Na¬
tional
Bank
Bidder
rate
of
of
New
City.
York
a*
different
expressed in a
name
mav:
interest,,
multiple of Va of i %.. Legality, to
be approved
T>eck, Shaffer &
Williams
These
C'ncinnath.
of
represent the ~Village of
DennisonV one-half cost of the
bonds
purchase'
prre*
of the
Dennison
Supply rp. nrooerb'es, the
other half is to be paid for by the
Water
City of Uhrirhsv'lle.
For further
details with respect to the under¬
taking
ft£ir
"Uhrichs Ville."
„
>
b e 1
/
o w
-
,oh
purchase
Due
bonds.
pumps.
The 58-year-old University of:
Oklahoma, whose year-round en¬
in
$13,000
from
and
pay
and accrued in¬
par
terest.
Consolidated School
Chief
Bond Sale—The
buildings devoted
10
administration ' andIn addition, the
service facilities.
University maintains in Oklahoma
City
the
School
of Medicine,
School
of
Nursing,
University
3s, due
Hospital,
Crippled
Children's
Hospital and Nurses' Home.
//■
OREGON
.«
./-*
!
Creswell, Ore.
1961
j cept the bonds at par or betters.
Bids must be unconditional and a.
works
Due
as
follows: $7,500
inclusive,
1969
to
1951
system
,
certified check for $700 must ac-;
^company
each bid.
,
f//";
;
*
County School District
;
17 (P. O. Brookings),,
Oregon •
• 1 ■* ^ %
Curry
$10,000 in 1970.
No.
'
inclusive;
1970
to
sewer
Due $500
bonds.-
.
Second high bidder was an
3.58%,
■
County
Okmulgee
(P.
O. '
Okmulgee), Okla.
$7,000 improve¬
for sale on
"
Bond Sale—The $179,900
boricte offered
now
Bank,
both
of
Portland, jointly—v/ 168, p. 495—
were purchased by them at price
of par, a het interesti cost of abtnit
M.
net interest cost of 2.675%.
a
National
States
ac¬
Clo¬
hessy, and the First Securities Co.
of Wichita, their offer being based
E.
of
composed
is
by the District Clerk that
the $112,000 building; bonds solcl
to Blyth & Co., and the United
to 1965 inclusive.
count
Details—It
!stated
1951
from
Sale
Bond
i
extension
storm
7,500
on
( P. O. Cordell),
Oklai
51
classrooms;
bonds.
Washita County,
.
20 miles south of Oklahoma City,'
sanitary
sewer
system
Due $2,000 from 1951
40,000
of $200,000
hospital
naming the
lowest rate of interest and agree¬
to
in
from about 7,000 in
this year, is
largest University in the State./
437-acre campus in Norman/;
Its
1969.
water
bonds.
awarded to the bidder
ing
rose
1945 to. nearly 17,000
to 1964;
2%s, due in 1965 to
due
$152,500
Bonds will be
1962.
rollment
$3,000 are
I
Bond Offering — Sealed bids
1967, and the remaining $3,000 will be received until 8 p.m.are 3s, due in 1.968 and
1969. ! (PST)V on Sept. 1, by Lettie Good/
City Auditor, for the purchase of
v.-.
Nichols Hills, Okla.
$35,000 general obligation bonds.
Bond Sale—The $200,000 bonds
Dated Oct. 1, 1948.
Due as fol¬
offered Aug. 17 were awarded to
lows:'$2,000 in 1949 to 1958, and
C. Edgar Honnold, and the First
$3,000 in 1959 to 1963.
Bidders
National Bank & Trust Co., both
are requested to indicate the rarte
of Oklahoma City, jointly, at a
of interest at w^ich they will ae«
net interest cost of 2.67%.
Sale
$17,000
inclusive and
1961
and
1968
2V2S,
follows:
as
to
1951
from
District No. 8
on
the
divided
bonds
aa
follows:
$35,000 as 4s, due $7,000
1, in 1952 to 1956, and
$77,000 as 3M>s, due on Feb. 1,
in 1957 to 1965, inclusive.
Interest'
Feb.
on
-
County
June
28, were awarded to the Separate
School bonds offered payable F-A. /
' /
First National Bank & Trust Co., Aug. 16 were awarded to Evan L..
Josephine County County School
of Oklahoma City,., as^ X
at a Davis of Tulsa, and the First Na¬
District (P, O. Grants Pass)* /
price of -100.09, according to the tional Bank & Trttst Co. 6f Okla¬
;
-.*• Oregon|
District Clerk.
Second best bid¬ homa City, jointly.
Due as fol¬
Bpnd Sale-rThe; $141,000 school
lows: $15,000 from 1952 to 1962
der was Calvert & Canfield, of¬
bonds offered Aug: 13-rv. 168, o.
fering 100.03 for l%%t bonds*
inclusive; hnd $14,900 in 1963.
ment
.
Details—The
.
about
(EST) On
Sept. 8 for the purchase of $375;2%%
wat°r
works
bonds.
the
for
23
1948.
000
July
tion $1,000.
lows: $9,000
000-pounds-per-hour steam boilers,
a
cooling tower and circulating
!
1951; $2,000 are 2s, due in
1952 and 1953; $7,000 are 2V4s,
due in 1954 to 1960; $4,000 are
Sam Spence,
—
of
contains
are
academic
new
Principal'
equipment in the ttew;
j plant will include two 2,500-kiloI watt turbo-generators, three 50,-
in
County Clerk, will receive sealed
bids until 10 a.m. (CST) on Aug.
high bid of 100.176 for
made by J. A. White &
was
Offering
supply
to
buildings and housing.
consisted of:
(Pi O.
Hugo), Okla.
;
Cloud
Dated June 1,
$29,986
improvement bonds purchased on
W.
and
items
the
in
not to exceed 6% interest
'
sealed bids until 5 p.m.
Dated
OKLAHOMA
Choctaw County
Bond
v
for 1%
payable to
bond
or
bid for,
City.
con¬
Tallmadge, Ohio
will
Clerk,
Village
the
price of 100.152,
a
check
bonds
Se¬
of
July 24 by J. A. White & Co.. of
Cincinnati, as previously noted in
v. 168, p. 495—were sold at 2y2S,
at a price of 100.356, a basis of
han,
the
clusive.
.
Ohio
Dennison,
Offering —J.
Bank
13,000 fire truck bondis. Due on
Dec.
1: $1,000 from 1949 to
1955, and $2,000 from 1956 to
1958, all inclusive.
4,000 street, truck and police
-dept. bonds.
Due $1,000 on
Dec. 1, from 1949 to 1952 in¬
Bond
Bond
National
2y4s. at
as
bonds
awarded to
$34,000
were
all inclusive.
the
highest
face
prove
20,000 water works system bonds,
of which $1,000 are l%s, due
by De Leuw, Cather & Co.
certified
$17,000 paving bonds.
Due Dec.
1: $1,000 from 1949 to 1951,
and $2,000 from 1952 to 1958,
thority of the laws of the State,
and the Uniform Bond Act, and
said
6
basis of about 2.22%.
the
Denomination
and: heat; fo im-:
inadequate building illumi¬
nation, to furnish air conditioning
mands ior power
follows:
as
remaining $15,000
Engineering reports
Fund.
ment
sisted of:
Village Clerk, will receive sealed
for
Aug.
First
the
a
Ohio
Sale—The
Bond
affered
bring,
Fulton,
versity to meet present peak de¬
1
1960; $20,000 are 2V2S, due in
1961 to 1964; $15,000 are 2%s,
due in 1965 to 1967, and the
tain and operate
of
Sebring, Ohio
j
payable to order of the City, is
required. Legality to be approved j
by Squire, Sanders & Dempsey
Canal
its equivalent equal to
or
l%s, due in 1951; $10,000 are
2s, due in 1952 and 1953; $35,000 are 2V4s, due in 1954 to
superintendent and his staff. The
municipalities
have
covenanted
by ordinance to charge rates for
water services sufficient to main¬
of Chi¬
cago and Burgess & Niple of Co¬
lumbus,
give the water works
water works bonds.
Dated Sept, 1,1 June
1, 1948 and due serially on property a depreciated valuation
1942/ Denom. $1,000. Due $2,000 ' Dec. 1 from 1949 to 1958 inclu¬ of in excess of
$800,000.
Engi¬
on Oct. 1 from 1949 to 1963 incluj sive. Second high bid of 101.87 neering reports can be seen at the
sive.
Bidder may name-a diffrent for 2y4s was made by the
First municipal building.
Enclose a
rate of
A-O.
Each bidder
wit;h his bid a sum
$100,000
electric
light
system
bonds, of which $5,000-are
Bond Offering—A. H. Arnholt, j —v.
168, p. 495—were awarded to
City Auditor, will receive sealed- •. Sweney, Cartwright & Co. of Co¬
bids until noon (DST) on Aug. 311
lumbus, as 2s, at a price of 100.64,
ior the purchase of $30,000 2% j a basis of about 1.88%.
Dated
Va
submit
shall
on
Village of Dennison and will re¬
tain
the
present
water works
the bid. A complete
transcript of proceedings will be
furnished' the successful bidder
More
interest,
adequate to furnish even present
requirements, Dr. Cross said that
the new plant will enable the Uni-»
the lowest rate of
agreeing to pay par
and
existing power < and
facilities as entirely in¬
heating
the
to
1958 to 1956
accompany
Sept. 7 for the purchase of re¬
multiple of
sold
vided
of the bonds
1%
and Alex¬
Terming
in 1957.
be
and accrued interest.
pay¬
above' bonds based
ment of the
interest
The average
available for
income
annual
Dfc George L. Cross, Presi-
dent of the University
bidder offering
water to the
Co. furnishing
municipalities.
ply
will
bonds
The
ville, of the Dennison Water Sup¬
two
ly by
,
E. Patterson, President of:
1958, and $1,000 in 1959.
the insurance company. The agents
28,000 electric light improvement
bonds.
Due $3,000 in 1951 to in the transaction were the Lee:
Higginson Corporation and R. J.
1959, and $1,000 in 1960.
Edwards, Inc. and Associates of'
20,000 sanitary sewer extension
" >
*
bonds./ Due $3,000 in 1951 to Oklahoma City.
approving opinion of Peck,
Shaffer & Williams of Cincinnati,
will
18 to
ander
The
ful
at Norman.
Construction of
plant is expected to take from
20 months.
Announcement1
of the transaction was made joint¬
the
$17,000 water works improvement
bonds.
Due $2,000 in 1951 to
.
/power
pus
"
-
ville and three members from the
and interest
the
County
A
certified
nclusive.
Bellepue,
state the
new
a
to supply/ its;
the 437-acre cam¬
51 buildings on
8: pum,
(CST), on Aug. 25, by Bess R.
Phillips, City Clerk, for the pur¬
chase of the following bonds ag¬
for and the
of bonds bid
number
until;
f the; construction of
and heating plant
■
bids
inclu¬
1952
$8,000 from 1950 to
sive and $7;000 from
funding bonds, dated July 1, 1940.
tiian $5,000 is available'for
the purchase of bonds at prices
not exceeding par.
must
received
be
;
Sealed
—
'
OHIO
Tenders
bids
All
will
Offering
1
price
from 1950 to 1958 inclusive.
Bond
—
the State Bank of
a
adopted
on
operating statement of the 2% of the amount of his bid.
privately-owned water company,
Marlou), Okla.
Bond
E. is $25,500 a year after all opera¬
The City
and
maintenance
charges. i Bond Sale Details
Schmitt, Clerk of the Board of tion
Clerk now states that the $120,000
Jommissioners,
will
receive The average annual debt service
sealed bids until 10 a.m.
(EST) is $14,918, based on 2%% bonds. bonds sold to the First National
two
.municipalities
whose Bank & Trust Co. of Oklahoma
an
Aug. 25 for the purchase of The
$60,320
2%
Adams
Township boundaries are contiguous/ will /City—v. 168, p.. 594—^were pur¬
Road
Improvement
No.
583 operate the property with a joint chased by the said bank at a price
bonds. Dated Sept. 30, 1948. Due board composed of three mem¬ | of 100.008, a net interest cost of
about
2.59%, on the bonds di¬
Sept. 30, as follows: $8,320 in 1949; bers from the City of Uhrichs¬
County (P. O.
Toledo), Ohio ys
Offering — Adelaide
of Tolha, and
?
Council
the
Lucas
495—were
p.
Farmers &
chants State Bank,
on
Aug.
All of the bonds are dated
County
at
con¬
District
Sewer
bonds.
1
Franklin
9,200
,
awarded to the
2s,
Sale
2.17%.
nually from Sept.
Sept. 1, 1968.
Bond Sale—The issue of $132,000
court
hOuse; bonds offered
as
100.60, a
price of
Franklin
$39,900
N. Dak,
Aug.
a
about
sisted of:
bids
Sealed
—
at
of
basis
Halliday, N. Dak.
Bond
Geary, Ohla±
by the Ci v
July 1, 1948, and wi 1
be sold to the highest bidder for
not
less
than
par
and accrued
Ordinance
Mdrxday, August 23, 1948T
CHRONICLE
County (P. O.
Columbus)t Ohio
Bond Sale
The $49,100 trunk
line sewer bonds offered Aug. 17
Franklin
sive, and $15 000 3Vzs,. due on
March 1 from 19 o0; to a934, inclu¬
sive.
FINANCIAL
&
COMMERCIAL
THE
(794)
5S
2.315%.
Due
serially
594—were awarded to the Pacific;
on
Uhrichsville, Ohio
Bond Offering—Wm. R. Treadway, City Auditor, will receive
sealed bids until 5 p.m. (EST) on
Sept. 8 for the purchase of $375,000
2%%
water
works
bonds
Bond
Sale—The
Tulsa County (P. O,
$178,000 bonds
offered Aug, 1$ were awarded to
R. J. Edwards, Inc. of Oklahoma
interest-'cost
net
City,
at .a
about
2.537%.
Due
bonds.
from
July 1, 1948. Denomination
$1,000. Interest J-J.
Due Jan. 1,
and
works,
1951
as
to
follows: $6,000
inclusive,
1971
$4,000 irr 1972:
.'
and $10,000 in 1975 to 1989. Bonds
1967 inclusive.
$9,000 in 1950 to
on or
order
in
on
interest
as a
whole
or
in
Other
their
inverse'
numerical
2
July
1, 1967,
date
or
burn
on
any
thereafter
par' and1 interest; These bonds
are
payable from limited taxes
bids:
E.
-
M.
Clohessy,
282 500* 2 V2S.
(P. 0: Freedom)', Okla,
under
The bonds
authority
of
are
the
issued
purchase
District Clerk, for the
of $49,000 building and
general equipment purchase bonds.Dated
Aug. 14. 1948.
These bonds were
7aws of the State, particularly the
Uniform Bond Act of the Genera1'
aoproved by the voters at an elec¬
Code, and under and pursuant to
tion held on
Aug.. JO.;
Due,
as
.
1%. Due Dec. I, 1951..
All of the bonds are dated
.
.
Aug.
13, 1948. • Second high bid of par
l%s was'made: by Blyth & Co.
..
JL&rt?..
frpiu
Douglas
Ccuhtieitt.
Sch.
1
1957 to 1962 inclusive.
Dis*. No.
j (P~: O.
Cottage .Grave), Ore. /
.
.
_
:
.
Price Vm—lt is,- now reported*
by'the ^strict Clerk that the; $55000 building bonds awarded- to the
t
follows:
$55,000 from 1963 to 1966; in¬
clusive, and $62,500 in 1967.
District
be received until Sept. 1; by Wal¬
of V4 of 1%.
i
Due $55,000 from
.
Co., 2.716%.
Freedom School
ter Bishop.
Due $55,000
j 47,000
a-
net interest cort
a
qf about f 141.7%v as follows:
$47,000 ms. Due Pee: 1, 1949.
47,000 IV2S. Due Dec. 1, 1950;
awarded to
R.
1950 to 1956 inclusive:
330,000 214.
a
Bidders may bid for a dif¬
multiples
and
$335,000 2s.
University of Oklahoma (P.
First National' Bank, of Eugene,' a-s-
2V4S^ were purchased by the said:
O,
bank at a price of 109.11.
Norman),, Okla.
Bond Offering—Sealed bids will
York.
594—were
Co., of Portland, at
price of 100.Q3,
.
at the Chase National Bank, New
ferent rate of interest in
p.
Chicago,
payment
at
Northwest
$997,000
J. Edwards,
Inc., of Oklahoma City, jointly, at
a price of par, a net interest'cost
of about 2.315%, as follows:
of
;
<-OSt basis/ SmalLMil-
06g> net
The
Harris Trust & Savings Bank
the
48,000
after Jan. 1, 1968
shall be callable
pprt
1974
168,
v.
sewer system bonds.
Due
$3 000 annually from 1952 to
maturing
as
—
Tulsa), Okla,
County Separate School improve¬
ment bonds offered on Aug. 17—
of
system
Sale
Bond/
Sale consisted of:
water
$130,000
Dated
follows:
Okla.
Fairvrew,
Aug. 1 from 1949 to 1951 inclusive.
Bond,Sale^—Announcement was
13 of the purchase by
the' Mutual Life Insurance Co. of
made Aug.
New
York,
revenue
1949
to
of
$1,800,000
3V4%
due serially from
1972 inclusive. The Uni¬
bonds,
versity; Will 0se/ the
proceeds/ih'
Liriii
) '
\
County-School District No. 8l
/
(P. O. Lebanon), Ore.
:
:
'
Bet»dS" Sold—An' is?ueol$2o;000.
school
bonds was awarded Aug.,
jto BlyJLh & Co« of Portfahct as*
follows: $10,000; 3%s, due $2 000
16
on
Sept, 1 from 1949 to
1953
in-
Volume
4727
Number
163
elusive, and $10,000 21/2S, due $2,000, on Sept". 1 from 1954 to 1958
j inclusive.
Dated Sept. 1, 1948.
Principal and interest payable at
the County Treasurer's office, or
at the fiscal agency of the State
in. New York City.
Legality apr
proved by Winfree, McCulloch,
Shuler & Sayre of Portland.
Linn
'
•
THE COMMERCIAL & FINANCIAL; CHRONICLE
.
County* Union High Sch, Dist.
of interest, expressed in
a
multiple of Vs of 1%.
A certified
check for $5,000, payable to order
of the Borough, is required. Le¬
gality to be approved by Reed,
Smith, Shaw & McClriy of, Pitts*
burgh.
'
•
* '
'
'
rate
Kingston,
be received until 7:30 p.m.
Not 3 (P. Ot Scio), Ore,
v on Aug.
Bonds Not Sold—The $149,000 Borough
'school bonds offered Aug. 16 were
not
sold,
bids
the
•rejected.
been
having
Dated Sept. 1, 1948 and
due ori June 1, as follows: $10,000
from 1950 to 1963 inclusive, and
$9,000 in 1964; Principal and in¬
terest r payable t at
the
County
Treasurer
office
s
or
at the fiscal
'agency of the State in New York
•City.
Legality approved by John
"W. Schuler of Portland.
:
&
phia,
2s, at
as
basis
a
Sherrerd of
about
of
Philadel¬
piice of 100.071,
a
1.983%. / Dated
June 1, 1948 and due on Dec.
from 1949 to 1957 inclusive. ■
1
(DST),
by J. Stuart Weiss,
Secretary, for the pur¬
30,
scheduled date
$150,000
of
offering on the
obligation im¬
general
provement bonds, originally put
forth in these columns as Aug. 28
168,
•v.
held
on
p. 595—is to be actually
Aug. 24.
Titusville,
Pa.
Bond Sale—The $65,000 revenue
bonds offered
495—were
Aug.
9—v.
awarded
ville
Trust
Co.,
Due
serially
on
168,
the
to
p.
Titus¬
2V2S, at par.
Sept. 1 from 1949
as
for the entire issue at any o£ the; to 1963
inclusive.
above rates of interest, but no bid
combining two different rates of
will be accepted.
Said
SOUTH CAROLINA
interest
Union,
'
„
•
Bond
Ore.
Offering
—
J.
R.
Jones,
'City Recorder, will receive sealed
bids until
7
will
Whitemire School District No. .52
payable without deduction for
taxes except succession
(P. O. Whitemire), S* C,
$100,obligation bonus of¬
fered Aug. 16—v. 168, p. 595—
bonds
(PST) on Aug
23 for the purchase of $20,000 not
to exceed 5% interest bridge re¬
p.m.
pair bonds. Dated July 1,
Ueriom. $1;600. interests
1948.
liue?
be
and
thereon
interest
any tax or
or
inheritance taxes
after
levied
or,
now
or
here¬
assessed thereon
under any present or;
future law
Commonwealth,
all
of
the
of
which .taxes the Borough assumes
'$5,000 Jan. 1, 1950 to J 953. Prinr andagrees to pay, making these
•cipal and interest payable at the bonds free of tax to the holder.
City Treasurer's office, or at the;
Registerable as to principal only.;
iffisqal; agency of the State in New' These bonds are issued subject to
'Yiprk.City; at the option of the the favorable opinion of Townpurchaser. The appioving opinion
of Winfree,
McCulloch. Shuler &
is
to
not
1953, $10,000 in 1954, $1,000 in
1955, $5,000 in 1956 and 1957, $10,in 1958, $95,000 in 1959 and
i960, $195,000 in 1961, $200,000 in
1962> $210,000 in 1963, $215,000 in
1964, $220,000 in 1965, $225,000 in
1966, $230,000 in 1967, and $240,-
000
& Trust Co., of
City, or at the optiop of
holder,, at. the Treasurer's
Bond Sales—The issue of
000
general
awarded
was
to
the
Interstate
Securities Corp. of Charlotte, and
Hamilton & Ga. of Chester, joint¬
the
office,
Lewisburg;
terest to
be
in
Rate of in¬
multiples of % of
000 in
.
the
of
for
Town.
2%
of
bonds bid
A
the
certified
check
value
par
of
of the bonds.
for, payable to the City
Clerk, is required.
Lincoln
proposal
ed
County (P. O. Fayetteville),
SOUTH DAKOTA
Offering
Simms
E.
County Judge
—
will
receive
to
bid'
interest
Tenn.\
bids until 1p.m. (CST) on Septi. 15
Bond
alternate
or
bidders
mitted and all
July 15, 1948 and due serially
sive.
con¬
Each bid shall show
the total net interest cost
the
A.
send, Elliot & Munson, of Phila¬
No bid will be
offering tq purchase less
than the entire principal amount
a price of 100.026, a net in¬
terest cost of about 2.68%. Dated1
on
1968.
sidered
1%, with not more than two rates
to apply to each
isue, provided, • of the bonds and all bidders are
however, that no more than one? requested; to, submit
alternate
interest rate may be named for
proposals (1) with all bonds ma¬
any one maturity.
Bids may be turing after Sept. 15, 1958, op¬
submitted for all or none of the tional for
redemption prior to ma¬
bonds or for each issue separately. turity on Sept.
15, 1958, and on
The bonds will be sold for not less
any interest payment date there*
than par and accrued interest.
after; and (2) with all bonds ma¬
The bonds will be the direct gen¬
turing after Sept. 15, 1963, op¬
eral obligations1 of the Town, and tional for redemption prior to
are
being issued* subject to the maturity on Sept. 15, 1963, and on
approving, opinion of Chapman & any interest payment date there¬
Cutler, of Chicago, which opinion, after; and each of such alternate
together
with
the
completed proposals shall show the total net
bonds, will be furnished* to the' interest cost to the County to be
successful bidder at the expense; computed to the ultimate maturity
ly, at
July 15 from 1949 to 1968 inclu¬
59
in
exceed
payable Mr-S. Denomination
$1,000. Dated Sept. 1, 1948. Prin¬
ciple and interest payable at the
Chemical' Bank
Corrected Offering Date—Atten¬
chase
of $250,000 coupon general
obligation bonds.
Interest'rate, is
not to exceed 3%, payable F-A.
Denomination $1,000.
Dated Aug.
14, 1948. Due $25,000 from Aug.
14, 1949 to 1959. Bidders to name
the rate of interest in multiples of
Vs of 1%.
Bids will be received
rate
Interest
3%,
New York
Pottstown, Pa.
.
tion is directed to the fact that the
-
Bond Offering—Sealed bids will
,
•
Pa\.
Butcher
(795)
sealed
for the
purchase of $100,000 not, to
exceed 3% interest bridge bonds.
Dated Aug. 1,
1948.
Denomina¬
not
on
each
bid
are
sub¬
restrict¬
than
more
two
and all:'interest
rates shall be expressed in mul¬
The interest
tiples of Yi of 1%.
upon
shall
rates,
the
be
bonds
issue
bonds of
at
maturity
only.
These
any
one
the
are
rate
remainder
of
an
of
$4,000,000 voted for the
purpose
of making changes and
improvements to the drainage of
tion $1,000.
delphia; And7 will, be delivered to,
Interest F-A. Due
the purchaser, only if and after the; Belle: Fourche
Indep, Sch. Dist* Aug.:i',. as follows: $5,000 in 1949;
proceedings authorizing the issu¬
$10,000 in 1950 to 1957, and $15,000 /.he District, pursuant to the au(P. O; Belle Fourche), S, DaUi
:
are the bonds authorized at the
1958.
ance thereof have been approved
Bond Sale—The $60^000 coupon in
Principal and interest
"
5, *1 J? ?.?'S
/.election held on July 27. Enclose
by the Department of Internal building bonds offered for sale on payable at the Union National!
°*
|
a certifiedcheck for $400.
Affairs
of
the; Commonwealth. Aug.-10 — v. 168, p. 495 —- were
Bank, of Fayetteville. The bonds
'Washington:County School District Enclose a certified or cashier's awarded to the Rapid City Na¬ will be sold for not less than par statutes ot Texas, Aiticle 8129,
and accrued interest. All interest
check for 2% of the face amount tional Bank of Rapid City, as 2.10s,
laws theieunto enabling.
'Noi IS' (P. O4 Forest Grove), Ore*
of
the
Bond Offering—Donna L. John¬
bonds,
payable to the at a price of 100.166, a basis of rates bid must be in multiples of .Sf
+ ain?
in^erfsJ;
about 2.06%.
V4 of 1%. Not more than two rates .^e bounty Treasurers office, and
Dated Aug.. 1, 1948.
ston, District Clerk, will receive Borough Treasurer.
;SSyre,, of Portland, will be fur¬
nished the successful bidder. These
*°n5£
j
Due
.sealed bids until 7:30 p.m. (Pacific
DST)
tittle Britain T wp, Sch. District
(P. O. Nottingham)7, Pa,.
Aug. 20 for the purchase
vof $250,000 not to exceed 5% inon
Bond Offering—Sealed
{terest school bonds.
Dated Sept.
Interest M-S. Denom¬
,'15? 1948.
to
1956,
$12,000
in
1957
to
•1959,
$13,000 in 1960 and 1961,
$14,000 in 1962 and 1963, $15,000
in 1964 and 1965, $16,000 in 1966
A
and
1967# and $17,000 in
is not to ekceed 3%,
fiscal
•at
the
New
agency
York
Dated Sept.
Sept. 1, as fol¬
lows: $2,000 in 1949 to 1951, and
$1,000 in 1952 to 1968.
Option to
redeem
any
or
all Outstanding
bonds maturing on or after 1964
at par on Sept. 1, 1950, or on any
interest
paying date thereafter.
1,
1968.
of the
State
City.
The bonds
will be sold to the bidder offering
to bid not less than par and ac¬
crued interest and -agreeing to
(purchase the same at the lowest
rate of interest.
Said bonds
were
two
different
which
interest
rates, or which are for less than
and accrued interest. Option
of registering principal only. The
bonds are issued by the District
par
provide
funds for the capital
mission to participation
Amhridge, Pa,
Sale—The $55,000
general
obligation bonds offered Aug. 16-4
168,. p./495-r-were awarded^ to
the Economy National Bank of
l%s, at a price of
Dated Sept. 1, 1948 and due
as
on Sept. 1 from 1950 to
inclusive./ Second high bid:of
j 100.49 for 2i/4s was made by S. K.
$5J)00
1 1960
Cunningham & Co., and
C. Applegate, jointly.
of in¬
rate
contribution required of it for ad¬
PENNSYLVANIA
.
the
name
less, than the entire issue or
combine
to
par.
to
on
of Vi of 1%. No
bids will be received which are for
icessful bidder.
•
Due
terest in multiples
-
Ambridge,
1948.
Bidders
-duly authorized at an election
j-held on Aug. 2, 1948. The approvling legal opinion, of Winfree, Mcr
»:■ Culloch, Shuler & Sayre, of Port*
/
Jand, will be furnished the suc-
Bond
payable M-S.
Denomination $1,000.
Principal and interest payable at
the County Treasurer's office, or
-in
Creek
Township
in owner¬
ship and operation of the Southern
Lancaster
County
Joint
High
School at Quarryville, and for its
of
share
the
cost
thereafter
torium
17—v.
and delivered
only subject to approval of the
Department of Internal Affairs
Nanticoke, Pa.
Bond Offering—The City Clerk
will
receive
sealed
bids
until
Bond
108, p. 495—were awarded to
El1 H;r Rollins. & Sons, of Philar
.
7
delphia,. as 2%s, at a price of
100.38; a basis of about 2.671%.
Dated Aug. 1, 1948 and due $2,000
op Aug. 1, from 1950 to 1958 inelusive.
The
First National
Bank
'
of 'Albion,
next
highest
bidder;
'
offered par for 3s.
...
rate
"V
•
sealed bids until 8 p.m.
(DST) on
Sept. 13 for the purchase of $250,Dated
•"nomination
on
general
coupon
Oct.
$1 000.'
1,
obligation
1948.
Due
$10,000
sive.
Bidder
to
name
a
single
bonds
bid
Northumberland
De-
Oct. 1 from 1950 to 1974. inclu¬
the
for, payable to
order of the City Treasurer, is re¬
quired. Legality to be approved
by Townsend, Elliott & Munson
of. Philadelphia.
"
Etna, Pa. - v"
Offering—W. M. Sketich,
Borough Secretary, will receive
000
of
interest, .expressed in ; a
multiple of
of 1 %. The bonds
are
registerable as tb principal
only, A certified check for 2%
Bond
bonds.
p.
595—were awarded
to the First National Bank & Trust
Co. of Lake Norden.
1,
1948 and due
1949
from
to
a.m.
■
County
Sunbury), Pa,
Bond Sale—The $115,000
(P.
O.
coupon
funding bonds offered Aug. 12—
v.: 168, p. 594—were* awairded to
rnnntv
and
arp
the
to'
ject
accrued interest.
hpin^
which
were
17—v. 168, p.
awarded
to
a
group
headed by the Cumberland Secure
ities Corp. of Nashville, -at a net
interest cost of 2.69%.
annually
The bonds
Aug.
on
1
from
1950 to 1959, inclusive.
Second
high bid, based on a net cost of
2.71%, was made by the Equitable
will
until
the
receive
noon (CST),
purchase of
Town
on
oral
bids
Aug. 31, for
following
$150,000:
the
.within' tsr'days Irom the date of
sa^e' Y ?-i!? e?pensa to the ^un¬
,
bidder, at Austin.
of
pense
the
county.
Enclose
a
payable
to the County Trustee.
.
levy, ?
ad; valorem taxes^on all
ta?$ablef Pr°Perty in the County
wlthoat
t° r/te ^
amount. Alf bids shall be for not
less than par and accrued interest
TEXAS
at the rate
168,
offered
bonds
The
b°n^s are, ° be payable from the
Aug.
16—v
595—were awarded to Russ
Dittmar & Co., both of
San Antonio, jointly, at a price of.
100.11, a net interest cost of about
3.20%.
Dated Aug. 15, 1948* and
due on Feb. 15, from 1949 to 1974
p.
& Co., and
inclusive. Second high bid of 100.-
the
rates
or
specified, and
bonds will be awarded to the
acceptable bidder whose bid
pro-
duces the lowest net interest cost
to the County after deducting the
premimum offered, if hny. The
County will furnish the printed
bonds, together with the approving opinion of the Attorney-General of the State, and waiver of
option from the State Board of
044, a net interest co'st of about Education,
and
the
approving
3.22%, was made by an* account. opinion of Chapman & Cutler of
composed of Roe & Co., and De- Chicago, and all bids shall be unwar,
conditional. Enclose
Robertson & Pancoast.
cashier's
Bonham,
Texas
Sale—The
$100,000.3V2%
13—v.
awarded
to
168, p.
the
Securities Co. of Kansas,
Sale consisted of:
First
of Wich¬
ita.
Due
1968
on
Feb.
15
1950
from
to
inclusive.
Killeen lndep.
Due
R.
Feb.
15 from
1950 to 1968 inclusive.
A.
Dallas.
or
Sch. Dist., Texas
Underwood
The
ized at
Klein
on
certified
Bonds Sold—An issue of $35,000
building bonds has been purchased
25,000 water works improvement
bonds.
a
for
$20,000, pay¬
able to the County Judge. ,
by
$75,000 street improvement bonds.
check
an
bonds
election
&
were
on
of
Co.,
author¬
July 17.
Indep. Sch. Dist.
Klein), Texas
(P.
O.
Bond Offering—Sealed bids will
be, received until 10 a.m. (CST),
on Sept. 15,
by the Board of Trus¬
.
Dumas,
Bonds
Sold
Texas
—
The, following
$125,000 bonds have been pur¬
chased by R. A, Underwood & Co..
of Dallas, at a price of par. Sale
consisted of:
$100,000 3%% street improvement
bonds.
25,000 2%%
Dated
sewer
bonds.
1, 1948.
Legality
approved by Dumas, Huguenin &
July
Boothman 1 of Dallas..
tees, at
Broady,
Bank
the office of Knipp &
701-709
Citizens
State
Building, Houston 2, Tex.,
build¬
for the purchase of $50,000
ing/bonds. Interest rate is not to
exceed 4%, payable M-S. Denom¬
ination $1,000.
on Mar. 1
Dated Oct. 1, 1948.
follows: $1,000 in
1949, $2,000 in 1950, $1,000 in 1951,
$2,000 in 1952, $1,000 in 1953, $2,000
in 1954, $1,000 in 1955, $2,000 in
Due
as
1956, $1,000 in 1957, $2,000 in 1958,
Jefferson County Drainage Dist.
water works bonds. Due
$3,000 in 1959 to 1963, and $4,000
;
on Sept.
in 1964 to 1968.
The Board re¬
No. 6 (P. O. Beaumont), Texas
1, as follows: $3,000
Bond Offering — W. W. Pat serves the option to include op¬
in 1949 to
1961; 1963 and
1964;
$15,000 in 1965,
and Rent, County Judge,' will* receive tion of redemption on bonds ma¬
sealed bids until 10 a.m. (CST) on turing after five? years from their
$5,000 in 1966 to 1968.
.Alternate bids on bonds
75,000 street and sewer bonds. Sept. 7 for the purchase of $2,- date.
Due on Sept. 1,
000,000 not to exceed 4% interest with and. without option may be
as follows:
$3,000 in 1949 to 1951: $4,000, unlimited tax improvement bonds. submitted if desired./; Principal
1952
to
1957; $5,000,
1958; Dated Sept. 15, 1948. Interest M-N. arid interest payable at the State
$7,000, 1959, and $10,000 in Due. Sept. 15, as follows: $9,000 in Treasurer's office, or at the de¬
1960 to
1949, $10,000 in 1950 to 1952, $5,000 pository for the District, the Guar,
;
and
bonds totaling
$75,000
7
sealed
Chicago,
of
certified check for $5,000,
dated Aug. 1, 1948 and mature
$15,000
livery Pf the bonds will be made
to the successful bidder at the ex-
596—were
Tenn.
Court of the County. De¬
sioners
of
opinion
opinion together with the
Bond
Bond Sale—The $150,000 series
of 1948 electric system revenue
—
ma-
completed bonds will be furnished
bonds offered Aug.
TENNESSEE
at the optlon of the Purchaser at
any bank or banking institution
more
i<?<?upd
approving
•4»aptoan"& &tler,
No bids for less than par
Bristol,
not
sinsle
anv
turity. The bonds will be the direct
general
obligation
of
the
house
i
and
and
for'
lndep. Sch. Dist., Texas
Bond Sale—The $160,000 school
(CST) on Sept.
1 for the purchase of. $20,000 2%
swimming
pool
and
bathhouse
general obligation bonds. Interest
M-N.
Dated May 1, 1947. Due
May 1, as follows: $8,000 in 1966,
and $12,000 in 1967, callable be¬
fore
maturity after three years
from date.
Principal and interest
payable at the -City Treasurer's
office.
rate
Boerne
1958 inclusive.
City Auditor, will receive sealed
11
one
annually
$4,000
Offering—Anna M. Goetz,
bids until
be
thin
Dated Aug.
Yprikton, S. Dak.
Bond
specified
mav
recrea¬
10 a.m. (DST) on Aug. 31 for the
purchase of. $33,000; road improve^ Securities Corp. and Associates.
ment bonds. Dated Sept. 1,1948.
Due Sept.
Lewisburg, Tenn.
1, as follows: $8,000
Band Offering—It is stated by
from 1950 to 1952 incl., and $9,000
J. W. Gibson, City Clerk, that he
in 1953. Bidder to name a single
of
<*
168,
595
sold
and
tional facilties bonds offered Aug.
bonds offered Aug.
-
-
construction
Bonds will be
Dist.
l!—v.
1951
(in
and of; the above namedx Solicitor.
(P. Q. Lundys Lane), Pa,
Sale—The $18,000 general
Obligation bonds offered Aug. 17
1,
Interest
conjunction with
other School
Districts) of the acquisition, conT
struction and/equipment of addi¬
tional joint high school, facilities.
George
Sch.
Jan.
to 1958,
payable J-J.
Second highest bid was an offer
of 100.251 for 2.40s; tendered by
Kalman & Co., and the First Na¬
are
Elk
from
inclusive:
25, by Solicitor Wm. B. Arnold, tional Bank of the Black Hills,
at his office, 110 E. King
Lan¬ -jointly*^
"
~~v.
. — r»- • ••
caster, Pa., for the purchase of
Lake Nor den, S. Dak.
$23,000 coupon construction and
Bond Sale—The $40,000 audi¬
equipment bonds.
Interest rate
-
.1954
bids will
be received until 2 p.m. on Aug.
ination $1,000.
Due Sept. 15, as
/follows: $9,000 in 1949 and 1950,
$10,000 in 1951 to 1953, $11,000 in
;
State Conrtrtutaon,
ghaPt®r 7 Title128, Revved Civil
•
COMMERCIAL
THE
(796)
m
FINANCIAL
&
tne
lor
at the
bids
All
option of the holder..
subject to waiver of op¬
State Board of Ed¬
statute. - Bonds are
eligible for purchase by the State
Board.
Bonds
have
approving
are
ucation
.
by
opinion
of
Knipp
of
& Broady,
Houston, and the Board will also
furnish free of charge, if desired,
approving opinion of market at¬
torneys agreed on with the pur¬
chaser.
Bids
must specifically
state interest rate to be borne by
all the bonds and be not less than
par
a
Enclose
and accrued interest.
certified check for 2% of bid.
Texas
Llano,
Bonds Sold—An issue of
$50,000
paving bonds has been pur¬
chased as 3s by Robert Mclntyre
<& Co. of San Antonio. The bonds
were authorized at an election in
street
February.
Louise Rural School
District, Texas
Offering—Elliott Curtis.
Bond
Superintendent, will re¬
bids until 8 p.m.
School
sealed
ceive
31 for the pur¬
not to exceed 4%
\(CST)
on Aug.
chase of $65,000
syndicate composed
A
1948.
15,
tion given the
a
cost
interest
net
on
Sept. 1, 1948. Interest M-S. Due
.March 1, as follows: $3,000 in 1949
due from May 1,
1949 to 1963, and $94,000 as 3V4s,
due from May 1, 1964 to 1973. Op¬
tional on May 1, 1963, or on any
interest payment date thereafter.
Interest payable M-N.
to
1953, and $5,000 in 1954 to 1963.
at
place designated by the purchas¬
Bidders are required to name
ers.
the
rate
with
combination of; rates
bid which is nearest
or
their
plus accrued interest. Any rate
;or
combination of rates named
must fce in multiples of y& of 1%.
It is the intention of the Board of
Trustees to sell the bonds at the
lowest interest cost that will bring
par
price of approximately, but not
Jess than, par and accrued interest.
Alternate proposals will be con¬
sidered with five-year option of
a
but gross
Danville, Va.
Bond Offering — Randolph L.
>
ing June 30,
■
price of 100.255, a
of about 3.16%,
the bonds divided as follows;
said firm at
interest school house bonds. Dated
Principal and interest payable
$81,000
3s,
as
Indep. Sch. Dist., Texas
Bond Sale—The $100,000 school
house bonds offered Aug. 17—v.
Taft
168,
596—were awarded to the
Dated Aug. 10, 1948
p.
Bank.
Taft
and due
on
Feb. 10 from 1949 to
inclusive.
1959
U valde,
Texas
Bond Sale—The $60,000 sewer
extension bonds offered Aug. 12
awarded to Rauscher, Pierce
were
named, each such rate must be
for bonds of consecutive maturi¬
are
The faith and credit of the
ties,
City are pledged to the payment
of the bonds.
The City is author¬
Co., Inc., Paine, Webber,
& Curtis, all of Chicago;
Jackson
Dittmar
of San A ntonio and Bowles,
"Winston & Co. of Houston, at a
price of 100.01, a net interest
of about 3.27%, as follows:
cost
bonds
The
Due on Feb. 15 as
$5,000 from 1949 to
inclusive and $40,000 in
1958,
on
or
1,
any
subsequent in¬
payment date, at par and
accrued interest, Rowles, Winston
1966.
& Co., of Houston, next highest
bidder, offered to purchase $202,000 3y2s and $48,000 3y4s,
625,000 3V4s. Due on Feb. 15 as
follows: $45,000 in 1967; $50,000 from 1968 to 1972 inclu¬
VERMONT
Barre,
1973 to
sive, and $55,000 from
1978 inclusive.
Sept.
dated
are
1948, and are callable on Jan. 15,
terest
follows:
1965
118,000 3y4s. Due serially on Jan.
1 from 1966 to 1968 inclusive.
Bond
DIVIDEND NOTICE
;
bonds
17—v. 168, p. 596—
awarded to the First Boston
offered
were
Vt.
Sale—The $340,000
Aug.
Corp., New York as 2y4s, at a
price of 100.779, a basis of about
Sale consisted of:
2.14%.
$250,000 water bonds. Due on Aug.
1 from 1949 to 1968
'
of
The
Board of Directors
The
of
dividend
terly
one-half
and
seven
($.37%)
capital
tember
per
stock,
30,
share
1,
business
payable Sep¬
1948,
to
1948.
•
?
was
made
by
M. C. Roop, Secretary
interest
tion
as
to
rate
limita¬
amount.
The
without
thereon
or
bonds will be ready
for delivery
about Sept. 27, 1948, and will be
delivered in any City designated
by the purchaser, together with
the approving opinion of Reed.
Hoyt & Washburn, of New York
City. Bids must be on forms fur¬
nished by the above Clerk. En¬
close
for
a
2%
certified
cashier's check
or
face value of the
of the
Editor's Note
report
was
The foregoing
—
submitted to
us
by
School
201 (P. O. Yakima),
Yakima County, Sunnyside
District No.
Wash.
Bond Sale—An issue of
$175,000
awarded
to the State Finance Committee,
bonds
construction
was
at par.
Denomination $1,000.
terest M-S.
1, as follows: $5,000 in
Due Sept.
to
1952
and interest
City Treasurer's
1951, and $36,000 in
1949 to
Principal
1961.
payable
the
at
All interest rates bid must
office.
be in multiples of
of 1 %, and
no bid shall specify more than one
apply
issue, and no bid will
be considered for less than all of
the bonds.
All other things being
Glenwood, Wis.
—
Charles
G.
Swanson, City Clerk, will receive
sealed bids until 8 p.m. (CST) on
Aug. 26 for the purchase of $18,000 2V2% coupon fire equipment
Dated April 1, 1948. De¬
nomination.
$1,000. Due April 1,
as
follows: $1,000 from 1949 to
1953 inclusive; $3,000 from 1954
to
1957 inclusive, and $1,000 in
bonds.
Principal and interest (A-
O) payable at the City Treasurer's
office.
A certified check for 2%
bid, payable to order of
City Treasurer, is required.
equal, preference will be given to
the bid of par and accrued in¬
terest,
better, which specifies
or
lowest
the
eral obligation
Sale—-The*
direct gen¬
of the City and are
being issued subject to the
ap¬
opinion of Chapman &
proving
Cutler, of Chicago, which opinion/
will be furnished to the
successful
bidder at the expense of the
The
purchaser
City.
shall furnish the
printed bonds at his own expense.
Wis,
LcCrcsss
Bond
interest rate.
coupon
The bonds will be the
the
of
sealed
(CST) on Aug.
30 for the purchase of $375,000 not
to
exceed 2V4%
interest school
bonds.
Dated Sept. 1, 1948.
In¬
bids until 8 p.m.
to the entire
Offering
Bond
the
R. V. Hauser,
—
will receive
Clerk,
rate of interest which shall
WISCONSIN
1953.
Neenahf Wis.
Bond Offering
City
$200,000 bonds
Enclose
certified check for $7;-
a
13—v. 168, v. 496-^- 500, payable to the City Treasurer.
awarded to the Milwaukee
WYOMING
of Milwaukee and Harris,
offered Aug.
were
Co.,
Hall & Co. of Chicago,
jointly,
as
City/County*! Hampton; /Phoebus;
of:'
Buckroe Beach, and a portion of
Warwick County. The Army Base $100,000
street improvement
bonds.
Due $5,000 on May 1
treatment plant, also on the South
from 1949 to 1968 inclusive.'
shore, has been in full operation
100,000 sewer bonds. Due $5,000
since October, 1947.
on
May 1 from 1949 to 1968
According to Reid W. Digges,
inclusive.
General Manager, the total esti¬
mated revenues budgeted for the
All of the bends are dated May
fiscal year ending June 30, 1949, 1,
1948.
Second high bid
of
will amount to $827,500 with of 100.025 for IV2S, was made by
total estimated
operating ex¬ Halsey, Stuart & Co. Inc.
penses of $458,558.
The net op¬
Manitowoc County (P. O.
erating surplus is estimated at
Manitowoc)j WiL V
$368,941.Bond interest for the
Bond Offering—Albert Tetzlaff,
period amounts to $136,605.
No
principal falls due in the current County Clerk, will receive sealed
fiscal year, but on Sept. 1, 1949,
bids until 10 a.m. (CST) on Sept.
$120,000 in serial bond maturities
15 for the purchase of $665,000
will be paid and $70,000 placed in
the Sinking Fund to retire term 2% County Asylum for the Insane,
County School District
Fremont
IVfes, at a price of 100.033, a basis
of about 1.494%.
Sale consisted
No. 32
(P. O. Pavillion), Wyo.
$55,000 school
Sale—The
Bond
bonds offered Aug.
16—v. 168, p.
awarded to the First
396—were
of
Riverton, and
the Stock Growers
National Bank:
National
of
Bank
Cheyenne,
Dated Sept. 1,
jointly,
No. 3 (P.
3^s.
inclusive.
District
County School
Goshen
O. Torrington), Wyo.
Bond Sale—The
bonds
as
1948 and due seri¬
ally from 1949 to 1963
1
offered
$350,000 school
Aug.
18
—
168r
v,
396 '.— were awarded. to the;
p.
State. Dated July
on
1,1948 and due;
July 1 from 1949 to 1969
incl.;
optional July 1,1958.
Of this $190,000 principal second issue bonds. Interest M-S.
Dated Sept. 15, 1948.
Denomina¬
maturity, there is presently avail¬
Due Sept. 15, as fol¬
able in reserves $100,000, leaving tion $1,000.
a net payment of $90,000.
The net lows: $30,000 in 1949 to 1961,
bonds.
required for debt service, there¬
interest)
This will leave $142,-
is $226,605.
$35,000
1963
to
terest
CANADA
•t
ONTARIO
1962, and $40,000 in
1968.
Principal and in¬
TTf ?". •»
in
payable
at
the
Brussels, Ontario
Debentures
County
Sold—An issue
o£
water works de¬
has just been awarded
Treasurer's office. The bonds were
$128,000 3 V'i %
Revenues are based on water
168,
696—were awarded to Vermont consumption in the various areas
authorized for the purpose of de¬
bentures
Aug. 1
Countv.
337 to be transferred to reserves,
Aug. 1, 1948 and mature
c
held
required to levy on all Walter W. Craigie of F. W. Craigie
property taxable by the City & Co., Richmond, Va.
such ad valorem takes as may be
WASHINGTON
necessary to pay the bonds and the
fore, (both principal and
v
-
'ION
CHEMICAL CORPORATION
referendum
a
...
Graham & Co. of To¬
fraying the cost of building an
ronto, at par, plus an undisclosed
Securities, Inc., of Brattleboro, as served, and the collection ex'peri- Asylum for the Insane, under au¬
premium,; Several tenders were
2s, at a price of 100.33, a basis of ence on bills thus far tendered is thority of and in full compliance
submitted
for
the
obligations
about 1.93 %. The bonds are dated better than that of the City. of with Chapter 67, of the statutes
p.
Baltimore 3, Md.
THE DAVISON
of
ing bonds offered Aug. 19—v.
10,
■
August 19, 1448
2y4s
bid
Putney, Vt.
Bond Sale—The $40,000 refund¬
stock¬
September
for
dated Aug.
high
Halsey, Stuart & Co., Inc.
its
holders of record at the close
of
are
Second
1948.
100.557
cents
on
on
All of the bonds
a quar¬
Thirty-
bonds.
Aug. 1 from 1948 to
1957 inclusive.
Due
Davison Chemical Cor¬
poration has declared
inclusive.
pool
swimming
90,000
at
It serves a popula¬
tion estimated at 426,852 persons.
j
>& Co.
/$125,000 3 Vzs.
area
ized and
All bids must be & Co, of Dallas, at a net interest bonds, payable to the City.
Due as
.submitted on uniform bid blank. Cost of about 2.672 %.
Hampton Roads Sanitation Dist.
;The -District
will furnish ; the; follows: $5,000 in 1950; $8,000 in
Commission, Va.
printed bonds, a copy of the pro¬ 1951; $2,000, 1952; $9,000, 1953;
Sewage Disposal Plant Now in
ceedings, the approving opinion $4,000, 1955; $2,000, 1956; $6,000,
O peration — T h e
$14,500,000
1957 and 1958; $8,000, 1959; $5,0007
of some recognized market at¬
Hampton Roads Sanitation Dis¬
torney selected, by the purchasers, 1960; $2,000, 1961 and 1962, and
These bonds were trict Commission, Virginia, sew¬
and will.deliver the bonds to the $1,000 in 1963.
approved by the voters at an elec¬ age disposal system, one of the
hank designated by the purchas¬
largest in the United States, has
ers without cost to them.
It is tion held on July 31.
been completed and is in full op¬
>antidpated. that delivery can be
West University Place (P. O.
eration.
effected in approximately 60 days.
Houston), Texas
The gigantic South shore plant
/Enclose a certified or cashier's
Bond Sale—The $250,000 street,
at
Lambert's Point
commenced
check for $1,300, payable to the storm sewer and
garbage removal operation on June 21. This plant,
District.
,
bonds offered Aug. 12—v. 168, p. serves the
City of Norfolk, City of
596—were awarded to the Co¬ South
Marshall, Texas
Norfolk, and additional ter¬
Bond Sale—The $750,000 water lumbian Securities Corp. of Texas ritory
in and
about Norfolk
system
improvement bonds of¬ of San Antonio, as follows:
County.
The
Boat Harbor or
fered Aug. 13 were awarded to a
$132,000 3V2S.
Due serially on North shore plant went into serv¬
Jan. 1 from 1950 to 1965 in¬ ice on June 23.
This serves the
syndicate
composed of Halsey,
Stuart & Co., Braun, Bosworth &
clusive.
City of Newport News, Elizabeth
■
the
Nov. 5, 1940.
real
.iademption.
,
year ending June au, lS4y,
shall be certified by the State At¬
income for the year end¬
1950, should exceed torney-General under the provi¬
sions ; of
Section
67.02(3)
and
of the First Southwest Co., C. F.
$1,000,000, Mr. Digges stated.
Section
14.53
(5a)
Wisconsin
Of the $14,500,000 invested in
Childs & Co., Dallas Rupe & Son,
Hall, City Auditor and Clerk, will
Statutes, and also subject to an
the plant and equipment,
Dallas Union Trust Co., Lyons &
$6,receive sealed bids until noon on
approving opinion of commercial
Shafto, Moss,, Moore & Co. and Sept. 8 for the purchase of $250,- 500,000 was obtained through the
attorneys if desired by the suc¬
sale in April,
Thbmas & Co. were second high
1946, of revenue
000 not to exceed 4%
interest
cessful bidder, the cost of such
bonds to a nationwide syndicate
bidders, naming a net interest cost water
system improvement bonds
commercial attorney's opinion to
headed by Messrs. Glore, Forgan
of 3.28%.
of 1948.
Dated Sept. 1, 1948. Int.
be paid by such bidder.
The bid¬
& Co., and the Mellon Securities
M-S. Denomination $1,000.
Due
der's proposal shall state the total
Nacogdoches Indep. School
Corp.
The remaining $8,000,000
$10,000 Sept. 1, 1949 to 1973. Prin¬
amount bid for the bonds (not less
District, Texas
represents the value of construc¬
Bond Sale Details—The $100,000 cipal and interest payable at the
than par)
and the highest pre¬
tion work done by the Federal
3% school bonds reported sold in City Treasurer's office. Registered
mium offered.; In; addition to the
Works; Agency which construc¬
as to principal only.
Bidders are
v. 168, p. 596—were purchased by
amount bid, the successful bidder
tion has been acquired
by the
the Stone Fort National Bank of invited to name the rate or rates
shall
pay
the interest accrued
Sanitation
Commission
for the
from the date of the bonds to the
Nacogddoches, at a price of par. of interest which the bonds are sum of
$2,750,000.
Payments to
to bear.
Each rate named must
Due
as
follows: $3,000 inr 1949;
date of delivery and also the cost
the FWA are junior and subordi¬
be in a multiple of 1/20 of 1%.
of printing the complete series of
$4,000, 1950
to 1955 inclusive;
nate to any pledges made to the
No proposal for less than all of
Delivery of the bonds
$5,000,
1956
to 1961 inclusive;
holders
of
the
revenue
bonds. said bonds.
the bonds and no proposal offer¬
will be made at the earliest date
$6,000 from 1962 to 1967 inclusive
Payments to the government are
ing to p&y less than $250,000 and
after the sale thereof at the ex¬
and $7,000 in 1963.
to be at the rate of $50,000 per
accrued interest will be consid¬
pense of the County, within a
annum, beginning June 30, 1950.
Nordheim Indep. Sch. Dist. (P. O. ered,
Each proposal may name
radius of 300 miles of Manitowoc,
The Hampton Roads Sanitation
Nordheim
Texas
one rate for part of the bonds and
delivery beyond this radius shall
Bond Sale Details—The Super¬ another rate for the balance, but District was laid out and created
be paid for by the purchaser. En¬
pursuant to Section 407, Acts of
intendent of Schools now reports no
proposal may name more than
close a certified check for 2% of
that
the
$175,000
construction two rates and each bidder must 1940 of the Commonwealth of
the total principal amount of the
Virginia, and the formation there¬
bonds sold to Roe & Co., of San
specify in his proposal the amount
bonds to be sold payable to the
Antonio, were purchased by the of bonds of each rate. If two rates of was approved by the voters of
VIRGINIA
All of the bonds are dated Aug.
anty Bond State Bank, Tomball,
Monday, August 23,1948
CHRONICLE
I
sive.
2s
;
from
$4,000 on
1949 to 1958, inclu¬
Second high bid of par for
was
made by the Brattleboro
m ITrust Co.
*
^
Norfolk's
own
according
imum bills
to
Mr.
were
first quarter
year,
water department,
Digges// Min¬
rendered for the
of the current fiscal
which reduces the revenue
to
of
the
State
resolution
and
duly
pursuant to a
adopted
by
the
County Board of Supervisors on
June
3.
The bonds will
be sold
subject to the condition that they
Jr* L.
which mature annually from
to 1968 inclusive.
that
revenues
from
water
will be sufficient to cover
ital and
19491
It is anticipated
operating costs.
sales
all cap¬
/;;v:V
@FedFRASER