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,'w,
.Volume 164
New York, N. Y.,
Number 4519
General
RAILROAD
Abbott Laboratories—Stock Sold—Thd
;
stock¬
common
$60
maKing of an offer.
business on Aug.
of
or
^V."
*
Price 60 Cents
common
under the Securities Act of
Holders
of
stock
common
1933, and the
record
of
at
Copy
a
V
1946,
Sept. 12,
value, to the extent of
held.
The
'
*
-ft',,
1946 ft ft ft : 1945
$24,869,931 $17,138,601
—1,609,626
3,235,273
and freight.—
7.
1,404,390
1,913,170
'
-
;
revenues—Passenger
Mall
seven shares
the-terms of the
price and
6 Months Ended June 30—
Operating,
for each
share
one
subscription
MISCELLANEOUS
-
American Airlines, Inc. (& Sub.)—Earnings—
•
close
the
shall have the right to subscribe, on
1946,- for-cumulative convertible'-preferred stock,
26,
par
stock
INSURANCE
-
Express
other
preferred stock will be announced- later.
-424,303
-
414,405
•
;
them to employees at the .subscription price,
;
$100
.
writers purchased the
i
before
of
of
Rights expired Aug. 13.
The under¬
remaining 3,923 shares and sold
share.
per
rfy H\\»*«
Monday, August 26, 1946
INDUSTRIAL
-
-1946, effective registration
holders subscribed for 166,068 shares of common stock
out of 169,991 shares (no par) offered for subscription at
•
Vj«
i
Corporation and Investment News
PUBLIC UTILITY
-
,
The New York Stock Exchange directs, subject to the
made,; that the common stock be not quoted ex-rights
;
PURPOSE—Company will -redeem on or about Oct. 17, .1946; from
the proceeds of this Issue, 30,000 shares of 4% cumulative preferred
stock now outstanding at $107 per share, requiring a total of $3,210,000 exclusive of accrued unpaid dividends thereon.
Concurrently with
the issue and delivery of all the common shares now offered, funds
ft" sufficient to redeem all of the outstanding shares of 4% cumulative
preferred stock will -be deposited in trust for that purpose.
Of the
ft balance of the net proceeds, approximately $3,000,000, will be used to
pay or reimburse the company for the cost of the building program,
ft The remainder of such net proceeds will be available for general cor¬
porate purposes -pending 'specific-allocation of jsuch funds.
>
noticeuland
that
all
certificates
delivered
after
offering: being
until
26,
Aug.
be accompanied by due-bills.—V; 164, p, 677,.
further
1946,
7
.....ft...
Total
$28,308,251 $22,701,449
- 26,473,429
16,483,017
.Operating -..expenses;;.-—
must,
Provision
.
7
for
obsolescence
and
of
depreciation
property and equipment..
ft
ft ft 800,922
1,796,866
u....-
....
•
•
r
•ft
Profit
Illinois in
carry on a business
adopted in 1915. Comftpany is engaged in the manufacture, distribution and sale of phar¬
maceutical, medicinal chemical, biological and vitamin products.
It
"manufactures
approximately 800 items, including standard pharma¬
HISTORY
BUSINESS—Company
&
1900, under the
v
;
established
ceuticals
in
name
described
present
incorporated in
was
the
in
U.
name
ft'/sft'-.- "ft",
and
National
ft
one
•
well
as
of
the
as
A. G. Becker & Co. Inc.-
18.53
F.
11,76
S.
Inc.
Co.,
&
—
■
.
'6.17
Allen & Co
-
■'
28,505,998
21,882,122.
—
538,256,195 353,867,589
'
„
ft;
The
company
offered
sold
to
$35
per
Stock
Exchange
Boston
Stock
Exchange
; '.f,k1 ftv'
'-1,.
■
16
Aug.
on
-
-
Stock Exchange__I
Chicago Stock
_
^
filed
——.1111
Cleveland Stock
;
Exchange
'
v——1111
Los Angeles Stock Exchange—
;
1111
Philadelphia Stock Exchange.™
—,.1112
ft Pittsburgh Stock Exchange
1112
ft St. Louis Stock Exchange—
1112
Montreal Stock Exchange
—1113;
6.17
.6.17;
6.17
3.00
The issue is
Offering price.
will be
its
plant expansion
and
not underwritten,—V. 164, p. 821.
1945
1946—Month
used to
improvement
,
ft-
Operating
$
:
3,268.395
Maintenance
Other
v-
9,363,775 112,286,140 115,479,537
3,414,326
38,151,831
8,645,527
39,193,609
8,231,118
13,498,965
713,850
income
665,777
1,121,193
1,069,312
13,235,451
898,115
583,070
10,236,559
124,678
Depreciation
Federal
$
9,189,271
revenue
Operation ■'fti, .ft
Federal
1946—12 Mos.—1945
'
Subsidiaries consol.i
.,.1113
Montreal Curb Exchange
of
cost
ft Period End. June 30—
-
r
the
Unsubscribed shares will be
officers and employees.
estimated at $6,915,285,
proceeds,
'•
\
American Gas & Electric Co. (& Subs.)—Earnings—
—,—1111
Detroit Stock Exchange.^.—
'
of
part
ft program.
Net
*i"V
"•'»
registration statement with the
common
stock.
Shares
will
be
stockholders in the ratio of one
a
par)
common
persons, including
share.
L—T—j_1110'
Exchange.)
to
'
;',«•,*
Co.—Registers With SEC—
(no
subscription
other
defray
1110
Cincinnati Stock Exchange—;
shares
199,101
for
.
additional share for each four shares held.
1110
i
for
$5,268,140
2,400,000
American Brake Shoe
SEC
York
$5,417,509
149,369
$2,868,140
miles
'
V.
Quotations
'
income taxes_.._._...._. ft er60O,000
flown
passenger
ft—V. 163, p. 3413.
-
7
,
6.17
6.17
7ftft7ft.-ft,
—.
Kidder, Peabody & Co—.
v
Co._
Lehman Brothers—_—
Merrill
Lynch,
Pierce,
Fenner & Beane———
Smith, Barney & Co
;
11.76
Shields & Co
Glore, Forgan & Co—
Ripley
•
6.17
Moseley & Co
Harriman
.-.-ft'.;
7
Z)r$721,748
-'
Dr$121,748
miles
Revenue
ft
■••
Baltimore
Percentage
Ladenburg, Thalmann &
ft ;
Revenue
'
ftftft
(Stocks)———1089
(Bonds)
1109
New York Curb;Exchange—.
—1105
•ft UNDERWRITERS—The names of the underwriters and the per^
ftcentages of the unsubscribed common shares to be purchased by each
of them respectively are as follows;
^'ft''ftvtftft:;;ftftft;Percentage
k"-.
y? '
emmmmmmsm^msmmsmmmmsmmssmKmmmmmm
New
FINANCING
ftvv'.ft;ftft'ftftftftftft'
Authorized 7ft' Outstanding
par).
3,000,000 shs.
1,869,907 shs.
-1
ft
New, York Stock Exchange
CAPITALIZATION, GIVING EFFECT TO PRESENT
ft Common shares (no
ft".
taxes........1
income
.......
$37,955
759,703
•
largest producers in
yft;ft••
■'
ftftf ft-ft
large
a
ft
'
Stock and Bond
Formu¬
number of pharmaceutical specialties. It is
the United States of germicides, antibiotics, hypnotics and arsenical preparations.
It relies chiefly upon
professional prescription
and recommendation for the creation of
demand for products.
■
ft,.
lary,
"
.ft-.
'
t
.
Federal
for Federal
..ft..
Net profit
-
'
was
Pharmacopoeia
S,
Issue
•
of Abbott Alkaloidal Co., to
The
1888.
before
~Provision
In This
!
Net operating incomeft-...^..^..
Deductions' for income—.......
;
1,060,911
5,025,701
844,564
10,072,176
10,143,617
30,883,682
32,417.038
taxes
prof, tax
excess
taxes
848,571
6,974,487
*
711.76 v.;
ftfftftftVftftft Kuhn, Loeb & Co.
.
To Redeem 4%
Toronto Stock Exchange...
ft
Preferred Stock—
Over-the-Counter Markets
corporation has called, for redemption on Oct. 15 all of the
outstanding 4% cumulative preferred stock at 107 and accrued divi¬
dends of $1 a share.
Funds will be available on and after Sept. 4,
-The
to
a
Operating
Other
Gross
Transactions New York Stock Excbange___1100
'ft'.
" ft"
-ft
'
'
ftftftft
'-'ft'
7 '
Adam Hat Stores,
Period End. July 31—
Bales
.-
ft—V. 164,
p. 413.
,
Inc.—July Sales—
1946—Month—1945 ,
$978,592,
$549,937
Miscellaneous Features
J
1946—7 Mos.—1945
$9,755,849 $6,766,493
.
State and City Bond Offerings and Sales
Dividends Declared and Payable....
—Files With SEC—
'
•
by the
to
company
share for each share
In ratio of one new
Foreign Exchange Rates—..
Aero-Flight Aircraft Corp., Buffalo, N.
Reserve
of
_
company
2,500
ft 6,716,214
7,004,309
398,270
535,287
plant
25,823
inc.
earned
ft-
370,654
334,481'
4,897,170
9.448,979
254,494
254,494
3,053,933
3,145,618
1,355,575
lor
stocks. ...ft
com.
174.793
299,262
898,730
stocks...
on
'ftft
24,940
9,316
•
deducts.
;
995,215
15,536,357
12,076,232
604,098 :
856,128
10,693,891
9,805,489
751,477
stks.
139,087
4,842,465
;: 2,270,743
139,087
4,842,465
2,270,743
subs. consol..„_ft
(as
net
inc.
above)
subs,
751,477
omitted
'
'
ft'
above.
ftftc.38,697 ■ft
-90,411.
82,169
'
Total
•;
751,477
From
Aug. 15 filed a letter
(no par) preferred on
on
shares
32,719,703
71,976
debt
Undistributed net inc. of
of notification with the SEC
behalf of the company and
ft< 2,500 shares ($1 par) common on behalf of James K. Nagamatsu,
President and Treasurer, and Henry T. Nagamatsu, Vice-President and
AU Metal Products Co., Wyandotte, Mich.—Files with
Secretary.
Offering price $110 a unit consisting of one preferred
t and one common share. The company will use its proceeds for pur¬
ft The company on Aug. 14 filed a letter of notification with the SEC
chase or lease of a factory for the production of personal airplane
which it has developed, and for general corporate purposes. Issue is ft for 13,000 shares of class B common stock on behalf of Mary E.
Reberdy.
Offering price,
$5.50 per share.
Underwriter, Andrew C.
not underwritten;
*
The
for
■
307,664
31,277,863
American Gas & El, Co,
Y.—Files With
ft;ftt;SEC>-^p
pfd.
on
Undistributed
___1119
System
394,180
,ft
Undistributed net inc.
Condition Statement of Member Banks of
Federal
21,311
2,824,788
570,114
24,921
and
common
....1119
ft Federal Reserve Banks
held.-. Rights expire Sept. 30.
facilities* ft ft
expansion of buildings and
elec,
int.
Dividends
1118
...1119
.—
of
Balance
1129
..—1119
The Course of Bank Clearings
notification with the SEC
Shares are being offered
stockholders of record Sept/ 5 at $10 per share,
The Company on Aug. 19 filed a letter of
for 5,745 shares of common stock (no par).
Proceeds will be used for
Divs.
Redemption Calls & Sinking Fund Notices__1119
Watervliet, N, Y.
funded
Reservations of net
General Corporation and Investment News.1077
,
Adirondack Foundries & Steel, Inc.,
on
2,212,979
552,164 ;
acquisition
Other
ft
2,802,976
vft
Special charges for debt
retired
1100
/ftft, ft-ft ft;j\ftft;V:' : ft
>
19,764
ft
Amort,
ft'ft ft'ft'
2,193,214
ft,
Income
Interest
1100
Stock and Bond Averages—
opening of business on Sept. 4.—V. 164, p. 677,
income.
Income 7-..^.ft.
1117
—
Transactions New York Curb Exchange
Exchange. The pre¬
the Exchange at the
notice to the New York Stock
ferred stock will be suspended from dealings on
according
.1114
1116.
Toronto Stock Exchange—Curb Section
-
672,036
consol.ift
sold
924,417
Other
2,352,912
11,511,747
10,725,492
1,066,851
1,269,956
49,034
43,361
April
76,663
1948 •'
30,
>
subs.
subs,
From
177,785 ft 4,932,876
income
ft
ftft'ft-.3,922;'.
2,280
"
1,005^002
674,317
company)
;
Total parent co. inc. &
undistributed net
,'
ft
12,627,633
•
12,033,810
i '
»VV •)
inc.
/" \i
ft;
"
ft'
.
Reid &
Allis-Chalmers
Mfg.
ft
stockholders on Aug. 24 approved the creation
of 500,000 shares of cumulative preferred stock (par
It is proposed to issue 359,373 shares.
ft
The increase in the authorized common stock from
The
'
,7
ft
ft
of a new issue
$100) of which
ft
Rights to Subscribe—
has
been
149, p. 3252.
.
.
•
vr J. S.
which
Strauss & Co.fthas announced that the stockholders^ group;;-of
Is a member,
intends to dissent to the sale of stock of
Ambassador
Hotel
Co.
for
and if the proposed offer,
The
to
$44
as
stockholders.
a
share
Hilton
to
announced by
ft.-..,
.
,
Hotels
Corp.
voting trustees, is
ft,,.,
•
ftft-
dissent Is planned,
higher price
SPECIALIST IN
ft
New
York
45 NASSAU
Telephone:
HAnover 2-2600
Bell Teletype: NY 1-57S
Telephone
REctor 2-3600
-
1,425,795
27,160
48,090
♦Adjusted
Security
.1,182,787
17,560,509
-335,233.
24,997
83,441
14,391,723
324,024
1,027,497
861,290
ft
656,948
54,588
653,410
140,767
140,767
1,689,209
1,689,209
1,181,687
878,991
14,021,366
10,694,043
28,089
ft
exclude Ecranton Electric
American Cities Power &
sub¬
ft ftft.
a
to
,
Co.
sold, April 30,
_
1$46.—
:,
The:
directors
have
called
for
■
Light Corp.—Redemption—
redemption on
Oct.
1,
next,
all
NEW YORK STOCKS,
•V
~"-T'
HUGH
INC.
PROSPECTUS ON REQUEST
W.
Dealers Association
STREET, NEW YORK 5
Philadelphia Telephone
Enterprise 6015
Bell Teletype
New York 1-570
of
ftft the outstanding shares of convertible class A stock, optional dividend
ftft series, at $55 per share and accrued dividends from Aug. 1 to Oct. 1,
ft INVESTMENT; FIJND
INCORPORATED
Members
v
DIVERSIFIED
Kobbe, Gearharl & Company
NEW YORK 4, N. Y.
net
S:ftVft:l64,:949ft'ftft.ft;ftftft^;ftft?;ft.'ft;'ft: ft;"-. ■
ft;;' ft";;
ft
ft ft- -ft
ft--ft: '^ft'(i::';:'ft';''>ft'ft:;ftftftftft:ftftftft--v ft
ft'-ft ft
INDUSTRIALS ft
.
exps.,
RAILS
MUNICIPAL DEPARTMENT
EstabUshcd 1922
&
ftft Int. & misc. deducs..
ELECTRONICS
Municipal Bonds
STREET
when
J. S. Strauss said, because' it Is believed
be obtained for the property.—V. 163, p. 1414;ftft
can
FLORIDA & NEW JERSEY
SO BROAD
taxes
—
it
mitted
-
the company that, contingent uppn j
at a special meeting to be held on Aug,.,24,. :ft
cAllen & Company
subs
;-;..ftft-g;':"\'ft'
::: ■'■
(
.
received from
ftftftvft
—
Gen.
;
ft
approval by stockholders
of
Proceeds will go to the, selling stockholder.
Fed., income taxes
' ft-;
■■■
•
'■. ft-'■
vft-ft" ■ 7 -; :" ft,, ft-.:;. gft-;- ftft. ft
Ambassador Hotel Co. of Los Angeles—Group to Dis- ;ft Dlvds. on pfd. stock—
Earned for com. stock
sent to Sale—
(
k ^ v;ftft-ft
,
■
x '
ft->ftft-
2,750,000 shares ft
to 3 750.000 shares was also approved in order to take care of the
convertible feature of the new preferred shares. , \
,
,
ft;
"
1
Notice
v
—V.
Co.—New Preferred Issue Ap¬
proved—Common Stock Increased—
Co., Detroit, Mich,
>,
LONG and COMPANY
INCORPORATED
48 WALL STREET
NEW YORK 5
B34 SO. SPRING ST.
LOS ANGELES 14^
'•'••'i* V\ 9
ft if?" 1. ■ 'f i'f
1
COMMERCIAL & FINANCIAL
•' ' ' *■
t+i'it-fr f*-' V'jf-*
THE
•Mondays August'26^ 1946
CHRONICLE
1078
rate of $3 per
Manufacturers Trust
at the
1946
the
at
York, N.
Y.—V. 163, p..
share per annum.
2430.
:?::!■%■
SEC-
St., New f
The company on
;
Subscribe—
Springfield, Mass.—Files
American Time Corp.,
7
.Payment will be made
redemption agent, 53 Broad
^4 4 £
^ <
Co.,
Aug. 19 filed a
With /^special meeting,, called for Sept;U9,?,i946.\ The .proposed offering
notification1 with--the • SEC
price, $2} a ; share,
letter of
coirtmon.Offering vi York. Proceeds
Inc.,: New
manufacturing facilities, and
-.'.n' ^r:,::i-^'7.^ /%
for 60,000 shares <lc !par);
Underwriters,
Kobbe Gearhart .St Co.,
will' be
used for additional inventory,
'77
7
Export Lines, Inc.—Rights to
.machinery And'tooling.
i' Holders of common stock of American Export; 'Lines,;InC^v°f
iii'V'"'Jv}1.}.
y>iX4',y'K
at the close of business cn Aug. 21, 1946, shall have the right to^ub:-7 American 'Water ~^orks & Electric Co., Jnc.^Outputr-?
Jcribe on or before Sept. 18, 1946, at $12 per share, for capital stock,
of $1 par value, of American Overseas Airlines, Inc., to the extent of
Power .output} of" the * electric properties of 1 this^ coippany,. for^the
week ended Aug.
17, 1946, v totaled 85,875,000 kwh., an .increase of
one share for each five shares of (common stock.of American Export
21.1& over the' output of 6T,801,6o0 kwh. fot 'the coVresponding week
jLines,;Inc.; held>-*V; 163, p., 3278.
%\
,V i >;
^\
^ /V.-V' '»
& Mv v'$hi Of i945:~v, 164, p; 950.
American
Inc.—New Financirig—rof its. capital
Negotiable warrants good until Sept. -18, .1946* will _ be distributed
swckholders of record Aug;} 21j T946,; on the; basis of 1% new
for each share held.
«*,*
.' „ 7 ■
Airlines Inc. will purchase the 540,000 shares to which
entitled to subscribe as a stockholder.
Export Lines, Inc., entitled to subscribe to 252,000 shares,
distributing its right to its holders of record Aug 21, 1946, on
basis of one new s.iare of American Overseas Airlines, Inc. for
five shares of stock of American Export Lines, Inc. held.—v.
American Overseas Airlines,:
corporation is,, offering 1,049,895 additional shares
stock to stockholders at-$12 a - share:.;;^^:.^^':^;
to
shares
,
American
It
is
American
Is
the
each
4
'
m
'
•'* ■ v<\1 W
4 *
1
^
,*
7 <v .» ' '
Public Service Co.—$1.75 Dividend—
The directors on Aug; 13 declared a dividend of $1.75 per share on
the 7% preferred stock, payable Sept.; 20 to holders of record ;Aug. 31.
A like amount was disbursed on June 20, last, as compared with $4.75
677.
3.64, p.
*,
American
1946—Month—1945
—V. 164, -P.
•••
J -
•
2M9i;085 164,904,293;
record
of
v
.
,
stock now
T
:
>
A
30.
Aug.
n# tui rinnU.
;i„
regular
previously declared, is payable on Sept, 3 to holders- of record
No extra payment was made in 1945. ~V. 164, p. 552.
Aug. 16.
.7
Airplane Co.—Unit Announces Stratdfreightfir
Boeing
is
The
7
Boeing
cents
3.9
Stratofreighter, a new double-deck four-engine all-cargo
will operate at the unprecedented low direct cost of
ton m;le, was announced on Aug. 19 by William M.
which
airplane,
amounting
$4 prior
stock
stock.,f
per
President of Boeing Aircraft. Co., a subsidiary.
The Strato¬
with a volume nearly twice that of an av'erage railroad
and the speed to cross the country 20 times while the boxcar
Allen,
freighter,
boxcar
„
.
is making one trip, is a s'ster ship to the 80-passenger Bqjng Stratocruiser, 49 of which have already been ordered by five major world
-Airlines.
,
-7.
7 1
exchange or on deposit of such lower amount, as thw directprs- deter*; % ■ Ml Allen, , in annoifhcing. the J new Boeing airplane; said 'it- he's
jnov. 15, jy^ib, n win oe
"cen uesignea 10 maxe poss Die great expansion of -the air cargo field
of the air cargo
mine. Unless the plan is declared effective by Nov.: 15, .3946; it wili be
been .designed to>:make poss'ble great expansion7y field
^
- throughdfflcient^low^cost' bperktibiL;
•• •,
:
abandoned.
,
,, •#,.,v , ,
^
^ ' " - 7through efficient, iow«cost operation.
- The new 67ya-ton' cargo plane, which has a 'usable volume of 6,140
Brothers Harriman & Co., New York and ..Boston,'.have been
New York and Boston,;',ha ye been
cumulative preferred^stock under ,
cubic feet, will carry a maximum pay load of 41,000 pounds at speeds
appointed depositary for the 7%
ion.—Af; 164, p.- 822, ;
'
7
of 300 &' Whitney Wnsphour. It engines andbywill be equipped With
to 350 miles an
four, 3,500 horsepower
Pratt
Major Is powered
the proposed plan of recapitalization.uiecuve
'
oy
r,,*.
,w
,
•
-
,
Brown
;
.
.
.
.
28,395,657
^,
approximately
v
-
*»
-l'. ' f ■■
, * t*i. _-_tL /
' i
Declares Extra Dividend of 60 Cents on Com. Stoci
The directors oncommon stock, 'no .an . extra dividend of 20 12 to
Aug. ,13 declared par value,-dividend of 60 centfe,
cents
per. jSha/e on thev
quarterly payable Sept.
e r^f5;r-l
TVw'la+'flfl:1
holders
President,- announced on Aug. 22 that the vol¬
untary exchange offer contemplated by the plan of recapitalization, apsi proved
by holders of 75% of the preferred stock and
69% of the common stock, at the special meeting on July 17; 1946,
now made-to all holders of preferred stock. "
-v'>
::i':
The terms of exchange provide that each share, of 7%. cumulative
preferred stock, together with its right to accrued dividends
[k to $58.50 per share may be exchanged for iVs shares of new
preference stock, plus $8.50 in cash. The new prior preference
will be convertible at any time into two shares of common
Exchanges may be made to Oct. 2,
1946 or such later date as
the directors may determine.
The plan will become effective if 80% of
7the outstanding prefemd, is deposited within ,the period established Tor
amounted to $23.75 per
j .
^ ,4
March 20, $1.75;
June 20,. $3.50; rand $ept(20 and Dec. .2(1, $1.75. each.—-V. 363, p.- 3278.
American. Stores Co.—July ,$ales—
1946—7 Mos.—194!>
period End. July 31-~
in
+«
Offer... Made • to jAll.
Pendleton,
Moses
1946.
Arrearages on July 1
fihare
" i' *v •*' f *•:' . 'rj S*)>sxC''t' ■'
V"--. w,
t'v
w-i'-bo ' v'.V'": r'
ray men ts In 1945 were as follows/ Feb. 15, $3;
-Sales
iirnj~
business
Jbeld: tn "fhe; treasury■;
t,
Preferred Stockholders—
March 20,
on
Waal-
Woolen Co.—Exchange
Amei ican
warrants
date tpe day tnereal'ter. Tne warrants will be: exercisable
registration statement bec6mes.-.effective,}:on the
?®, J,
third full
-^>1^ also planned
a
The
is
ll n
®x^lan&e,v<J1®mission-^-■7 Wv
will be-mailed ,to.:-stockholders.of record •%
^99& period ol-thirty : d4y».After> issuance,.,
\
•Application will be made to list 'the -additional shares on the New''
York.Curb. Exchange, on official' notice- of dsSue. ' ItCirf not1 conterfi- :
p.ated that the proposed offering-.wiir be underwritten. • "
^^
...
'
21*'b??omlae effectlv*of
■
Inc.—July Sales—
Angermaix Co.,
,
r,
.,t#
four-bladed
k ">-
in
t—V. 164,.p. 415,
<113.
propellerk.
airplane announced byr Boeing
high-wihgr airplane;: the. .Boeing 417,,
designed to serve the world's smaller cities, has been ordered into
production at the-company'* Wichita,5 Kansas diVisioh^V;} 164/ p. 271. "
•'•}:}' 7.7..'7">VV'' 4'7'-•'
iX
yv.
Stratofreighter, is the second new
The
, %<
Period End. July 31—
'■ 1946—Month-ril94^ • / 1946-Hp "Mos.—1945,
■6alds7'$506,876
$522;16'2, $3,572,290 . $3,422,499
:-,V>
131,030,666
reversible pitch full feathering
Curtiss electric
.
weeks,.
recent
A. twin-engine,
■
Borgr-Warner Corp.' <& Subs.)-^Earoings^^^r ; •
- " )
Philadelphia—Registers ^With SECf^
6 Mos. End. June 30—
The Company on Aug.: 16 .filed, a: registration Tetatemeat ysith tiie
SEC for5151,367 shares (no par) common;^^ ^Ofv the^ total^'HS.KJa
Mopei-atine profit. 7:
$38M 439 427 017
512,968
517,951 •
shares will be offered for subscription to common stockholders in ratio
{ otlipr parnintK;
'
'
of one share for each two. shares held.'} The. remaining 2,734 shares
7 • . ' >vand any shares not subscribed for by common
stockholders will: be
Artloom Corp.,
Sumatra Tobacco Corp.—Div. Increased-^Aug. 21 raised the quarterly; dividend tp *$1
from the 25 cents paid previously with "extras. * f 7"
7 ' " * ;77-'7;'
At the first meeting of the new fiscal year, beginning Aug, 1, 1946,
the -board authorized the payment of
a quarterly dividend of $1 :on
i.offeredjto
Sept. 13, to holders of record September 3. «
.
,
American
.
directors -on
The
-
paid quarterly dividends
December, 1945, 25 cents -in
a total of $3 a share on each
qutstanding.—V. 162, p. 1762. - • - - ;
ended July 31, last,
fiscal year
In
company
cents plus extras of 75 cents in
March, 1946, and $1 in June this year,
of 192,351 capital shares,
of
25
484^
crco^ny. -Oaring pi^e1 Wilh;be:$ib;a si^re;;
$300,000 of ^ proceeds to purchase '
and $350,000 for manufacturing facili
ities.
The balance will be added to' working . capital
issue is not
'.underwritten.—V. 164, p. 551.
•}'- .V
■;}}}177-•""
| Associated Cooperative Grocers Co. of Southeastern
employees
j
;
■
.
for
Prov.
excess,
'
inc.
and
renegotiation-™™
Cqn.
and
Fed.
est.
profits taxes and
373,831
366,830
Dis^nt on^alci a?d Sr?7hSy
taxes
| .Company estimates it will use
7 additional space and equipment
v
1,248,004
'*i'
23.04&528
Net>:hicoine47«}l^
" 2,336.736 f 2,336,736
outstanding
Shares
■
.7}':-;; $0.76 ,'' '■ 7 '■ $1.51
& Telegraph Co.—rplans to Offer
t (Massachusetts, New Bedford, Mags^Files With SEQ-h
1 .^^Afterf deduction of factory^ administrative and selling expenses. •. \
About $351,000,000 of 2% Debentures to Stockholders
The company on Aug. 16 filed a letter of notifipatioh with- the SEC
aiid Increase Capitalization^
..
r
;
.
,
forrl,500 shares ($100 par) common.
Offering price, $100 a share. ^
: . . CONSOLIDATED BALANCE SHEET, JUNE 30, 1946 .
7 /
The directors voted on Aug. 21 to recommend to Stockholders a new
iproceeds'wlll be used;ior- purchase >pf. nmrchandise vahd fox copklucf iof
r.ASSETS--Cash in banks and on hand, $37,549,794; cash in banks
Issue of convertible debentures in an amount not to exceed $351,000,000,
business, tissue hot underwritten/
• •
'
• '<:'
^ !>
restricted to refunding of customers' deposits, $462,274; U. 8. treasury
certificates of indebtedness and Dom. of Canada bonds ($140,000),
increase in the authorized capital stock of the company from
$6,885,066;.
accounts
receivable—customers,
including terminatiain
25,000,000 to 35,000,000 shares, t and the adoption of an "employees'
Barnsdall Oil Co,—^Earnings—
claims, less
reserve, $13,727,039;
employees' and officers* traveling
^ ^1946-7
' "1045.1
stock plan" under which up to 2,800,000 shares may be issued and sold
i
6 Months Ended June.30~~
•'
}
to employees of the company and its subsidiaries.
:
$4,475,009
$4,242,242 .advances and accounts leceivable, $69,514; other notes and acc6unts
f
pX*\
< ' Jj:«
receivable, $1,670,896; materials
supplies, work in process and finA special meeting
^Operating profit after Federal taxes—
of stockholders to vote on the recommendations
Deductions for additions to Reserves and for
lshed goods, less"reserve,; $25,088,2747 stocks; bonds and notes of other
will be held Oct. 16.
Proxies and accompanying statements describing
2,337,658 ' ll969,466
lease 1 costs written off during periodcompanies and' miscellaneous investments (including 125,184 shares
the proposals are .being prepared and Will be mailed Sept.. 1»
Approyal
;.
American Telephone
;
Earned. peL share...
^
.
I
an
)
V IT
;
.
}
,
-
,
•;
v
of the shares
by holders of two-thirds
authorize the convertible issue.
outstanding is required to
the close of
Stockholders of record at
13, 1946, will be entitled to vote.
; j Proceeds
from the sale of .both debentures and stock
to provide funds for extensions, additions and
plant of A, T. & T. and its ^subsidiary and
for general corporate purposes.
The company points out
cf the unprecedented demand for telephone service and
business Sept.
upon
sitate
The
capital.
• •
.
, „
the convertible debentures, are authorized, the company
to file
a
registration statement' with the Securities
Commission shortly after Oct. 16;
The issue will be
holders in proportion to their holdings of stock.
The offer
mately $351,000,000 of debentures would mean that
be granted rights to purchase $100 of debentures
If
16<
operating revenue of the company and
June 30, 1946, amounted to
678.
; 7';.'-v:
;}7 .}. 7
ment
Now
Controlled by
The.Schiff Co.
<,
plant and equip¬
$11,977,487),' $17,192,819; pre-
v.,
less amortization,
payable, $7,522,983; customers' deposits—
terminated contracts. $378,500; accruals (including accrued payroll),
$3,643,193; provision for taxes on income, 1946 and prior years and
for ^renegotiation 1945 and prior years (after U. S. tax notes of $14,853,8091, $9,177,888; deferred credits to Income, $583,280; reserves for
contingencies, $4,4.43,150; reserve for warranties, $149,541; reserve for
special purposes, $381^916; preferred stock, $20,000,000; common
(2.461.S20 shares), $12,309,600; paid in and capital surplus, $11,401,330; earned surplus, $38,452,253; total, $108,443,634.—V. 164, p. 678.
LIABILITIES—Accounts
tracts.-
^—V. ,164;*p."27ir;"j
stock). $1,324,527; property,
for depreciation of
reserve
'
■
Shoe "Corp.—July Sales~r
.
•
', '
Period End. July 31— " ~ 1946—Month—1945 - 1946—7 Mos.—1945s ;;
'Sales
7
$2,314,245 $1,748,224 $20,677,311 $15,474,8'62
I
NOTE—These figures are exclusive, of sales under Goyernmwit doh»*
(after
its subsidiaries &c $495,396|:gOOdwiU}:$l;;.:total,}$108,443,634;'};}}::,7
p»vment$ and deferred charges, $3.968#03G; patents,
$3,952,097.—V.
7
r]
'"7-7;,V'-:X' -7.'*}:'7"7' >
quarter April 1" to
p.
of Borg-Warner common
-
(A. S.) Beck
entered
of
57
intends
and Exchange
offered to share¬
of approxi¬
stockholders would
for each six shares
dated about Dec. 15, 1946, bear
gross
the
for
existing services, the Bell System has
the largest construction program in its history; this will neces¬
obtaining over the next few years very substantial amounts
new
$2,272,775
$0,987.-7-: $1.02
$2,137,350
Earnings
would be used
improvements to the
associated companies and
that because
in order to
improve
and
extend
profit, from operations_i._._»-™i.}._i.—7
per share on outstanding stock™.!-
Net
•
(which see below).
Mills, Passaic, N? J.«—Signs Large
7,:"
A-contract Involving production and: delivery 6f more than $50,■»
000,000 worth of woolen and worsted textiles during the next seven
years has been signed by
this corporation and H. Daroff & Sons,
Botany, Worsted
*\
»
t <
stock
Contract—
'X*
"
^eil Telephone Co. of Pair—Earnings—'
7 1940-^Month^i949
• 1946—6 Mos;—1945
'Operating revenues-- $10,728,092 $9,453,153 $63,437,829 $56,712,791
12,585 ;
6,213
67,693 .
41,052
not exceeding 'Uncollect, oper, rev
'V—£•'vV "/}■ "
% '
*
j 1 ■ <11 ■ i ■ i. ii ■ 1 • p ■' .■»'»»«'>■■■ »
.j. i
mil, i'1? i i u'Ci hi
•■■HI
.nnnji i|i)i ■ f y
than four months Jvij'
approximately three : Operatfagl «venudsui $10,715,507 ^ $9,446,940. $63,370,136 $56,671^39' history of. the textile clothing industry, y
Operating expenses
7,971,353
6,089,412 46,823,856 36,348,291
years before the maturity date. 7
,
'7
V ' i
The Action, Col. Johnson said represents one phase -of the postwar
'1;J17,167^ *2,085.272-} 6;735,7427} 12;654:040
In
recommending that the authorized capital stock be increased } ;<^efrftmg' taxes
program
for the production and distribution of- the Botany "500"
to 35,000,000 shares, the company points out that as of Aug. 15;- 20,$1,626,987
$1,272,256 $9,810,538 $7,669,408
clothing, manufactured exclusively by the Daroff company from fabrics
Net operating inc.—
389,018 of the shares now- authorized had been issued and 633.625 i,i
1,181,083
842,859 / 7,137,805
3;072,535
produced by Botany.
The line is branded merchandise handled by
Were
reserved for issuance upon conversion of the 15-year 3% con¬ 7 Net income 7—
f
k
'
* * '
l:
1,133
retail merchants under -franchises, and nationally-advertised
vertible debenture bonds due Sept, 1, '1956:
The proposed increase r1V. 164, p. 415.
A •—v --.r-f -v.
X ■' )
( f
Jointly by the fabric and clothing manufacturers. Outlets, he said,
would
provide shares for issuance under the proposed "employees' f.i
will sell, 650,090, suits, topcoats and overcoats in 1946.
Ben«Hur Products, Inc^Exchange Offer—*
f«
With increased
stock plan" and for further-equity financing as the need may arise.'
fabric supplv and additional facilities.it is expected that production
The "employees' stock plan" would provide for the sale of stock to
The
company/ is offering to the holdcrs: ^f -263,50()}10-year ;5%
for
1947 will reach 1,000,000 units.
(New York "Times").—V. 161,
all regular employees of the company and of most of Its subsidiaries
V" convertible; debentures,; dated} Feb. 1,1941, the • right to; exchange
who meet certain requirements as to length of service. ■ Officers of the
P. 763,
'
....... ... .. .. . ..... . .
for a
- fund debentures
A. T.
& T. will not be eligible to participate in the plan.
Payment -f Isuch debentures commonnew issue of7 5% sinkingattached). DebenI (with detachable
.stock purchase warrants
BOwen Industries, Inc., Chicago—Files With SEC—
for shares would be on
an instalment basis, either through payroll
; tures may be exchanged
on or before 4 p.m. (PST) , Sept;; 3,i i'at
allotments or by cash payments-, and instalment- accounts would be
i Citizens National Trust
& Savings Bank, Lcs c Angeles, on a par
The company on Aug. 13 filed a letter of notification with the SEC credited with interest at the rate of 2%;
No employee cpuld .pur¬
chase -more than 50 shares. •
< ; for par basis; plus a premUihi of 5% ; - Unexchanged' debentures • for<$15,000 of 6% notes maturing in six months; $45,000
plus
$736,500 additional - debentures have
been underwritten by
*"■>
*">•<» V""" r,,f"
w ica-'^a-ia "
maturing in nine months;'$34,000 of 6% notes maturing in one year;
The price of the stock to employees would be $150 a share as long
p, W. Brooks & Co., New York City.—V. 164, p. • 416.
I .< and $6,000 of 5% notes maturing in 15 months.
Offering price at
the average market price is $170 Jor more.
The Smplovee price <.
T
Jf face amount.
A portion of the notes will be issued to-key-employees
would be reduced if the average market price were less than $170.7
in satisfaction, of claims for salary earned but not paid to them.
Bird & Son, Incw—New Presidenteither in the month when the employee's payments were completed, or
Proceeds- will be-used
for'retirement of indebtedness and working
Axel H. Anderson, 'Secretary-Treasurer of the company since 1930,
In the following month; In that event, the employee price would be $20
capital.
• < •; <
- •'
- •
.»
below the market in -whichever of the two months the average .market '
has been elected' Pi esident' to shccebd Benjamin H. Roberts! who lias
retired "and * been elected Vice-Chairman of the board }of directors.
price was lower; > The employee price would-in no > event1 be'less1 than
$100 per share..
'
.' r3
t v .
-«'■,< v
"
IP
% British Industries Corp.—Stock Offered-^Strauss Bros.
Any employee participating in the plan would be allowed to cancel
all or part of his subscription at anv time, with the option of receiving .;
Blautier^s, " Philadelphia—Plans t<^ Refund Preferred
and Stubner & Co^.New
refund of the full amount credited to his account, including interest, .
shares of capital
per
of taking whatever number of shares that amount would purchase.
' Stock and Split-Up Common Shares— • -- • The initial offering would be made to regular employees having at
The stockholders will vote Oct 9 on a proposal to change the par
Transfer Agent—Marine Midland Trust
New
least six months' service.
Each would be-entitled to purchase one
ifiiuc
'of;;the^^oi^StocR.froriv^ pafJtQ $3;per;.sfiarr •and• to. split •* rights"under contracts from :certain British manufacturers covering
HISTORY
the common shares on a 2^-for-l basis.
,
'? :
'
-1
•share of stock for each full $500 of his or her annual basic rate of 7
They will also vote on authorizing the creation of a new issue of th°The principal office said manufacturers
nroducts made bv of manuiactuiers.
pay,
subject to the maximum limit of 50 shares,'} Payment for the
Jn;;.,.,
-<tU-- me. proauciSxin&ao_py saiathe corporation is, at 401 Broadway, New
shares would be made at the rate of $5 per share per month.."}*
7
150,000 shares of convertible'preferred "Stock to be issued in series.
York, N.'Y.V wherfc also its stocks of merchandise are maintained.
*7
The company estimates that on the initial offering more than 500,0007
;it is planned to publicly offer an initial series of 30,000 shares of
The corporation is" now fully operating and conducting a normal
Bell System
employees will be eligible to purchase shares and that
the new preferred stock through underwriters,. the proceeds to be used
course of business with its British principals,
with the exception of,
approximately .2,500,000 shares, would be offered, out of ,the total of
to refund the 11,562-outstanding shares of no pat value' $3 preferred
Phenoglaze Ltd. and Gumption Products, Ltd.
No commercial ship¬
stock and to provide additional working capital.—V. 159/ p." 1755.
7
2,800,000, which would be authorized for employee sale.
ments have yet been received from Phenoglaze. "The first small ship-V
Pending approval of the plan by stockholders; no date has'been ,
ihent from' Gumntion has arrived, but s&ieg have not beeh instituted
established for the offering of stock to employees.-,
- :
Bliss & Laughlin, Inc.—Split-Up Approved—
7
::
because a sufficient stock-pile has not been built up to permit ad£Declares Usual Quarterly Cash Dividend— - — : •• J
quale distribution.
With the existence of a ready market for < all
The stockholders on Aug. 15 approved a plan to split the company's
products received, it is believed that the operations of the corporation
The directors on Aug. 21 declared the regular ouarterly dividend of ♦
common stock on a„two-for-one basis.
The plan authorizes 1,000,000
will show continued progress.}
-7'-;;•;;}'■.■}■ . >. .i....
$2.25 per share on tfte capital stock, par $100, payable Oct. 15 to hold- t shares of $2.50 par value common in place of the present 500,000
j
Negotiations are presently being had with other British manufac¬
of record Sept. 13. D'stributions at the anual rate of $9 per shkre j
shares of $5 par value stock.—V. 164, p. 4.
*
,
?
turers for additional selling rights, which, if obtained, will expand the
;7:v<'7.;}}} ; 7;-7-: ;:77.'7''77r;.7;;'.;:^
v:
have been made since and including 1922/
,
!
The debentures will be
•of stock held.
payable 86m,>
1961. They wilKbe
rate of^ not ?more than 2% per annum.
"annually, and mature not later than Dec.v; 15,
convertible into A. T. & T. stock, at a conversion price
$150 per share, during a period starting not later
from the date of -issue and continuing until a date
at
interest
a-
-
Period Endr June 30—
I
'
'
•
'
*;
f ''
"
'l>
(
.
.
t
.
*
•
:
rw*
«
of €% notes
••«—•-
as
-
•
-
.
<
York, on:Aug. 14'offered 99,000
stock (par $l) at $3
shareT
a
CdV,
or
York". *
ft^BUSINES^CorporaU^^niiy^as^^exclusiVe selling " }:
»^uit;irs ooverino,
n
*
/-
-
-
ers
^
'
J , j ' j
7
1946-TMonth—1945 i 7 1946—-6 Mos.—1945 i
EARNINGS FOR
Period End. June 30—
JUNE AND YEAR
$
Operating
Uncoil,
revenues.™
oper,
Operating
Operating
Operating
rev....
revenues—
expenses
taxes —
17,368,245
.
54,270
$
TO DATE
}
: -
$
V-7.7-.. $'
•
17,313,975 19,735.834 109,507,883 119,741,058
11,344,696 11,066,641 -73,039,186, 66 421,841
3,077,624 7 6,612,649 19,101,746 4^073,294
(Sidney) Blumenthal & Co., Inc.—To Increase Capitalization and Issue Rights to Common Stockholders—1
Is 7
4'"
19,814,906 109,902,449 120,106,002 7:
79,072 334,566
364,644 j
The directors on
shares
,
of
its
Aug. 15, 1946, authorized an.offering of additional
stock to common stockholders, The proposed
Net
3Vet
operating income
Income
164, p.. 550.
2,891,655
42,285,956
2,056,544
,
17,426,951
'41,960,296; 91,409,197*
12,246,223
83,444,612
«
*
stockholders of trans¬
for
for each
j4
authorized common stock
amendment will be voted upon
the'
-
from 250,000 to 500,000
This
stock at a
shares.
by holders of the common
corporation's operations. ,}
The pres'ent- corporation
7V;
7 1945, under the
;;an
common
offering will be made through the issuance to,
ferable subscription warrants entitling the
holder to subscribe
V the new shares, at $10 per share, at the rate of one share
two
shares held.
■;
v •
..• •> •
4--.;
The proposed offering is subject to the adoption and filing of *n
amendment' to the company's certificate of incorporation "increasing
<
—V.
.
i
authorized capital
On
July
chanae
7r=7;7 .
..}
v.;" ??■
Industries Sales Corp., With;
stock ,of 200 shares (no par).
;7>- ■
each
corporation's previously issued 200 shares of no par<.
Carduner and G. Vincent
a par >i)ue of $1 "for
holders thereof, William
received 500 shares: of stock having1
share of no par stock formerly, held,'and-
"Rorkey,.
"
24,
the
:„,the change of the
value stock,
the
'
■
organized in New York January 23,
1946, the certificate of .incorporation was amended to
corporation's name to British Industries Corpse and its
authorized capital stock from 200 shares- (no par) to an~'authorized
^capital stock of $500,000,- consisting of 500,000 shares (par $1"). 'On
7
.
:
was
corporate name of British
the~capital-was reduced"
Hi i ii /'IS i 11
.' W:Mm ::
Volume 164
'„
;
! ■t
WM
3
'■■■/■■■'
S& ::
Number 4519
^
;V ;
fl $£
I
.■
".v
■
...
•■■
T.
■
H|!wwww,in^nw»i»viwfiwwBNV W, 'UHi'i itu'', *' ^AW! "^,
^--V7
I ®
■■'■'
1WMM
:
:
SS;il#SSf-:'v"'"'
v
THE COMMERCIAL & FINANCIAL
CHRONICLE
from $105,000 to 8100,000, being tfre paf. value of-the
shareVftr.ued'
/'m^ORYC^he.Hfstbfy'of
on
The Carney jpo±
.
1079
capacity tor the production of bqllding
tor
';: home, farm and industry.'
/vv.; .:-to'-!,;r.^'''':, ; y'y"■<:
v1'1
± j, 1
[\ v A. L, Wall, President of Weaver-Wall is retiring, but Louis Stegman
different ;i*&and. other Cleveland executives and
personnel of the company have
acquisition of
joined the Celotex organization.—V.
163, p. 3415.
materials
generations of the
■
\
.-Pi,r•
w,^,-
-.
rr
,,,
-,r—
^.,_rr
r,„
„
„
nl^the corporation
is common stock of the par value of $1. a share, and
'the number of such sharea authorized iS
fJO0;OO0, of tvhich 100,0u0 are
issued to William Carduner and G. Vincent
^
v
,
V-
,'within thia
199.00U shares, of its authorized 500,000 shares
$l par value
o*
'
flvock.
groups on the West Coast for the construction of or
utilmate goal that as quickly and
*al*W.. *■*•*Tft A; Carney:
^ompany,;>vin<£v will-be producing; its
hrRnd> material - on- the West Coast.i The company will own
tio^iese than :oO^ ;of any: such plants.
«
The Caimey; Co;» -Inct is a consoddat'on and merger of Tho Carney
.
^
••:''
*
Co.
and
the, CSrney
Rockwool
anger
Co..
-.-<«■•■„■■
&
„
Cor.,
,
,
New
n
,
-v.-.
•
<:-.
stock
of
the
corporation at, S3
JAN.
1,
STATEMENT
1946
no
*
toe
CoStotoM eftttod
earned
two
companies^ and
gives
.
—
Operating
.
!
«i ia riq
r""
———
$
.
—■
expense ■
a.
_
ftTNF
JUNE "n
30
••— -—a
'
.
r
1946
——
'
'•/
\
' '
\
^
^
'
"
'
income faxes
\
Brown: CO;, Berlin, NiH.-^Plans to H^fuild HFC. Loan
ftired
—
—V, 164,-p;
'
+
\
>
«
of
87 Vu
cents
share
per
to
l
of
the
on
6&
the
on
series, par value $100,
.trading.at. the opening
Uf
xc ange.
pre-
holders
of:
of
business Aug.
admitted to
was
at the New
20
York
164, p. 416.
.
Central & South West Utilities
Co.—Dividends—
/..the directors
*
:
%le
on
Aug;
13
declared
dividends
of
$1.75
share
per
on
|g0t$1°fipnfe^rpferr»hft|^1*'''SL.a,1?^ Ir J,1
1
j.tlKya 5'
>•
A
yant & Ca°n<m Fonndry co"(*SobSi)-
^Moj.Wd,JuB.30-
..
^arnmgs per-ehare-^..'
-
*
Pittance Corporation arid is required, by the new lenders to assure
continuity
until^the ;comjjanyls"«extensive, programiOt
'plant modemi2atioir at Berliniand Gorham, N. ft., is completed.
;>H ; A programyfor/lmprovement::of' the^Tuque^F. ;<^j/plapt
^
•
.
of^management
\L- ■:
^After
•
depr^iation
tl|4®.
$0.64
r
and
Other
11*945
.
®2
11941
^2'P'i
$1.08
-
g'sa
11943
■
$373,936
Eederaf Income
chargeS.
taxes
!
Vi$tantlally fand
/
further
'Of??^owh^ ^cesv^ofits-^axes1^fConsolldat0d-"uCcQuntX excluder:;prdhftnce:
P(mndry/Co:^nd?^mpbeili^Wyftnty& Cannom Eftginaering Co.
to.' reduCe
steps
3ftreta,about' ttfubo undertaken*
manufacturing. costs vthere
'
•
'
-
-
;
-
,r^,'rThe^cdns.0hdated;stateinent
and'
Steel
v
'
Last
Dec
20
$t!>ok®^b^
«
and
*
Dec
,
,
or-such
-
BPC
date ak^^thc ftPC
loan
is
not
voting trust agreement w.ll continue
the maturity, date of the-s4oan, .whereas, under/ the•
the
refunding-plan,- thr voting trust'would teminate Oct. I,ri95i: ;v
%t
"M
;• ■«;*■ loan
,
/
can now bo refunded
favorable
»n
•
a
onerous
less
and lunda^for-piant
Arrangements have been
terms.
;tions for
and
refunding loan with
EFC loan.
•'* $un<l of
*
(
repayments
modernieafion: provided
completed with
lower interest rate,
tlian those
a
$400^000
the
on
meeting
record
of
continuance of
Voting
trustees
the
at
Aug.
ihstitu-.
Adams
Francis
Chairman
/DIABIL^'IES^Fayrbll4Ccrued5^$4l6r021;yaccounts
$49,344; provision fcfr;.
•fprnit'Co'
and
Coneet-bv
Emest
164
'
-
M
ilookins
President
•
of /Dartmouth-
EmerituX
$32.'
a
/
^
y
Rrftwrt.Porman llisuiiera
Brown-*ormatt- Distillers
xxplre Sept. 13—
Corn
^orp.
<•
^
Exchange
LXtnange
-
"*
Offer
ouer
//
toeforO
-
•?
Sept.
Louisville,
«it
Dividends
yerred
that
announced
is
the new
on
holders
cf
$4
stock
than
more
from
accrue
-j
50%
July
the
"V.
'
•
r
163,
prior pre-
No. 2—^
dividend of
a
^
Iff eeftts
on^
pef .share
2720.
p.
.
;
.
,
-
.
■
245%
,
.
/Seattle, are 'Offering $290,000 5% Slfikmg fund aebentuie
Jbonds, du^ April lf 1961, at 100 pffr unit (consisting: of
JU00 of 5% Income debenture bonds accompanied by one
-share
of
the
stock
common
and one
<:ompany).
'DEBENTtmES—Company has authored fl
,
000
warrant
;
*
j-;
tot&t dmdtifit 6f $650,--
-
^
^
/
X
"Interest dn
pDftpOSE—To
retire
iunds for certain new
-^fde additional ?unds
Increasina
volume
of
existing bank loans, to provide
construction td increase capaCity. and to pro-i
for WOTking" capital" necessary : to finance: Aft
stock,
approx: m
j
■
($1 narV
($1 par)
*UtstandlngvAp^m^ftlU67. sh^^
•warrants
outet^dmg^^The 0
v
irk connection with this financing a. total or
reserved
for
shares
snares
convs
stock..
'.trion
r&te
to
of
$7.50
Grande
a
&
-total of 6,767 warrants.
//
: .-V^
1946 fiscal period is
S8,OOO.OOO for the
will
totaled
sales
volume
result
"
substantial
a
of
a
sdeciai
^
$26
share.
a
Offering
Co. wift, act as | broker: in distribu^S
Proceeds go to the selling stock-.
J
-4
meeting
'/
~
herd
aub
«•
voted
'AV
.
m
J
":
•
.
in
increase
peacetime
nual
over
OF
The above
the
profit' is
Internal
years'
high-
after
giving effect to the "Carry-back" proviCode, which provide for a reduction of
current: Operations
result
in
a
that
were
S.
of
OI
Attiprfca®—EvpputWp
America—hiXeCutlVe
„
division
were
was-appointed General
W. Ward Jackson; was
-
.
,
o
Com;
per
164, p;
ment
18,085,739
1,686,833
1,049,008
3,198,457
corporation
has
of
-
announced.
Acquisition
of. the
of
asphalt
^ '.v,
this
Partof an expansion
n-
2,801,693
•; 41,763
Share.
$0.37
$1.65
$1.99
-
'
'
v,
«
and
raw
and
materials
from
foreign countries.
Wherever necessary
manufacturers abroad for goods
advance caSH to
work
out
instalment plans
tof repayment by
particular
(New Ybrk "Times.")
Firm—-
The Weaver-Wall Cd. of
Clevelarid,
shingles, roofing and siding products,
■.y:;:-
Electrlc Co.
ment—
'
/
r-'%
"
'
tJnderwriting AffrPP^
wxiuerwriung Agrees
'
"An; agreemeriC KaS beert sighed between Columbia Gas & Electric
Corp. and an investment banking group headed jointly by Blyth & Co
Inc., and The First Boston Corp. for the underwriting of Columbia's
distribution of 2.04(5,006 shares of Cincinnati common stock
The
> est
underwriting group has 228 members and ranks
banking combines in history.
with
investment
the
larg-
Commercial and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Park
Place, New York 8, N. Y., REctor 2-9570/ Herbert £>. Seibert, Editor
and Publisher;
William Dana Seibert, President; William D. Riggs, Business Manager.
Published twice a week [every Thursday (general news
and advertising Issue), with a statistical Issue on
Monday).
Other
nfflres*
135 8. La Salle St., Chicago 3, HI. (Telephone: State 0613); 1 Drapers' Gardens, London, E. C.f
England, c/o Edwards & Smith. Copyright 1946 by William B. Dana
Company. Reentered
«« second-class
matter February 25, 1942, at the post office at New.York, N. Y., under the Act of March 3, 1879.
Subscriptions In United States and Possessions, $26.00 per
year; m Dominion ot
Canada
$27 50 per year; South and Central America,. Spain, Mexico and Cuba, $29.50' per year; Great Britain, Continental
Europe (except"Spain), Asia, Australia and Africa, $31.00
per yea»
jjqXE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in
New York funds, > •:
-v
.'
The
^
%
*
*
-
-
■-
••
-
?
i'f jr-.Mi'ii'nlii'
^
"
» * 1
-
'
.
of
1946^ 7 Mos. 194^
$0.28
yracmnaii uas « r-ictiriu vu«
-
coriiparty with its manufacturing
facilities, conplant and the feit mill at Avery, Ohio. Is
program in which Celotex plans to increase sub-
Cleveland
alohe
■>>•■■■; v.,
Acquires Cleveland
acquired
requirements
;
'tfinrifinntl 0a$ &
manufacturers
•
2002.
17,688,253 104,274,169 i23,994,95£
2,886,216
7,632,991
17,592*864
910,045
6,855,037
7,106,670 i
2,565,133
15,412,793
18,589,519
2,153,120
12,600,672
13,221.571
40^90";
292,341
286,369)
Chinese concerns placitig the orders abroad.
J
(*«G) Cclfftex Cot#.
p.
952.
company will
ordered
the plastics field^V. 164,- p. 95'2/
The
dividend
163,
,
fo■ extend loans,
to. domestic industries and strengthen credit standing abroad for
Chinese industrial enterprises, it was announced in New York on
Aug. Iff by the Chinese NewS service. The organization will' be
capitalized at ■ $500,000,000
Dnited States ' currency and $5,000,000,00(1
Chinese. currency, which will be subscribed by government and cominercial banks," tftfsfc Companies and 6tbef concerns.
A principal function of the corporation will be to handle, in behalf
of industrial and mining Concerns, the purchase of machinery, equip-
the
Mf. 3acksonA has beet) With the Ceianese Plastics Division-sinco 1931
recently has been in charge of the Product Application
division
in
Ohio,
;
China Industry & Finance Corp.—Being Formed—
Manager
nUmed Sales Manager.
Prior to joining tho Ceianese organization
ih October,
i944, Mr.
Ferinebresque. was .variously .assistant to the Chief, of the Development
Branch Qf thg 0f£ice of Rubber Director, the Monsanto
Chemical Co.,
the War Production Board and, during the war, a member of the
.
fiscal
This corporation is being Orgftnlzfed in-Ehanghat
"Armnlntrnnrrte
Appointments
chemical
Aug. 19.
J.. D.. Fennebresque
ofthe Cheraipal, Division and .Mr.
on
..
current
nBalancev-td' surplus.^ '»2^780, OSOr; 2,112v730 :12^308,331/ 14^935,203
Earns,
—V.
,
Corn
Corp.
preferred
taxes
„
.Executive appointments in the corporation'3
is
income
1
relaneap
Ceianese
its
to.
-J** past y®ar ■**
supplies now are fluffioient to meet capacity
With this return to an approximation of
refinancing program, accomplishing an an-
completed.—V-,
-
■
announced
it
the
has -been
hi
preliminRry/^stimates of .the/tax -liability :for the 'war
"period
-postwar; yea* of reconversion-and -thatVfinal determination
952
;
in
a
Other railway, taxes®.
Net ry. oper. income..
Net income .l;
Sinking fund.appropr.i
loss
excess
c
but
Grose. mdome
U.
Revenue
taxes. when
or'
oft
.
during
additioft
Chesapeake & Ohio Ry.—EarningsPeriod End. July 31
1946--M(mtfc 1946
JtfLT 1946
.
mailed
requirements^
production,
reduction
$240,000,
$11,019,887
643,518 :
sionS 0f
In
sum,
952.
p.
be
$5,000,000 spent
duririg the past year, will complete a plan of improvement. A decrease of $2,000,OOff in company's working::capital for the year ended
April 23- 1946, is attributable to this expansion program.
...v
shortages of wood,
excess
Will
-.
%i
$7,000,000
spend
ThiS
Which
^Rfi^no^hatesU* 550'0a° cofflmon '
of -756,000 shares.of
,
$3,820,000 for the period ending
Prom
sisting
:
:
a&
company plans to
y$ar om. plant expansion.
production
.
share for the next two years.
There will be
Co., Inc. in connection with this financing a
of
company,
^ares out: of.m authorized fssue
; Plans EXp8DS10ff—*-
makmg efce,llen!
Sales
;
•
,
Mandel^
the
^
directors
;,' .The
shares^^
■-tv -
1S
continued: "The conservative projected
0{
•
WAKRANTE—There is Issued.and outstanding an estimated 11,767
-umrrants for the purchase of common stock.: These warrants are noty:
■'"-exercisable for a period of 18 months from issuance date. After the '
K^-xplration of that period the bearer shall be permitted to .purchase
from the
company one share of
common stock per warrant at a
price of $5 a Share for.a period of three years; and thereafter at
the
~
?ett?ng-up oKomwrSal
^
issued
surplus, account
.
p' a"'
,
of
Shares ou?b/att hu4JiorS^
r j-n^ «L"' commercial plodacttoi ?delarS^ has. proceeded at
proauciion. aepartments
*)T
com-
President
the Stockholders in the proxy statement
;
profits taxes cart only be made as the results of
1946
operations are: ccmibined with the restilts/of'the war years/^-V.
164
certain
of
or
o
.
Cnampion Papcir & .FibTff Co<-r^Planff
Split-Up—
,
;The
..
1,4^0
bonds
The company on Aug. 19 filed a letter of notification with the
SEC
common stock (par $5) not to exceed a total price to the
public S
$100,000;.?3,846,shares at an estimated price on behalf of
,
a rapid pace®
effect
,
-
/
.
<
holder.—v. 157, p. 1048.
as Of the record date,
nr^"r^; pnonte-Jff*ld?jL
of
; •
w
Lowensteine,
and" the
^
t
,
K^ H^Arket;. Paul Jl/ mvia &
'
&WCK bput VOtea--
years
,
660,00<I
for
of
0J. ,wfcen,profit; is .abnormally low;^ These
provisions.recognize
excess profits tatxes previously
.computed-fdr the-WAr
business.
COMMON STOCK—Company has ftuthorized 500 OoO shares
authorized 200,000 snares
common
—4.
^
V20. f01? eac& 9^ heId fay; Stockholders
irom tne split, ^
payable
of
to
she res
Cfentral^^ Steei & Wir^CJo.j Chicago-—Files With SEC-—•
^An amendment . authorizing an increase in the ftumbef Of shares
of common: stock, without par
value, from I70,50ff to 511,356 shares
Was'voted upon, at a meeting held earlier in the month.
This provision paved the way for the three for one split-up of stock.
NO
P^rtc^al
$142,500
"
.
the
from
expansion, and otner corporate
purposeS.-yr J64, p. 273.
;
the bonds is
April 1 and Oct. 1, Dominations
®cf $500 ahd $1,000 registerablO' as to principal onlyr/
;;
w
Aug.
earlier
^
»>
in
,
increase
an
.
v
,
EARNINGS FOR- MONTH
j
-
caterpillar Tractor Co..-(4.- Sub,>—Earnings—
2^900 wSrSs,^^
-Warrants^^/with ^jeach
v
$87,-
$5 ffoi ooff ' $6481 OOo
box,uoo $6,481,000
„
»
authorized
XS"
Feb. 23, 1942."—v. 164,
(of, sinking fund debenture bonds,'bearing mterest at the raw or -
0
-S
f
value
par
^
^ndiictq'Cdi'ii
our best pre-war year which
<Min».]F.
$290,00» principal
TJe.Atuxe
.are
:jiow being offered, to the public.
$196,050 w.H be exchanged for tne
old securities ■ of. .fhe; Oftrney: Rook Wool; Co,
ana^ the (Carney. _jso. ^ i»
xfebCOrdance " with .the terms of the merger,
sioj.jou
win
remain
authorized, but unissued^
^
*,_a.
(
^ho $290,000^^ :of^debenture bonds being sold to the.Ph"llc are acr
oomnanied by -a totaf of 2,900 shares of Cbmmdn sfdeft- (par $1) dftd
in: units of 10 shares of the common stock and 10
:
,,
13,
total capital stock outstanding
Earnings—
.
yasco rroaucis i/orp.
the
Of
5% p^r annum, to be dated April 1, 1C46 and td mature on_April l,
31961.
Tru8tee-^Empir$ v Nation$l -.Bank « Trust_ oo. or &t. ram
:
^
./
T.
.
.
Aug.
compared with the present 264.000
ioa«s
1^.
V
oft
»i L ^ w 90,000 shares, together with $4,000,000 3%
s d to provide additional xunds lor woi»wjg c«,piuui,
-u-
or commoir-stock
The company on Aug. 9 filed a letter of notification With the EEC
5
shares (no par) common.
Offering price, $40 a share.
Proceeds wilt be used to reduce indebtedness and increase Working
^PltaL *»u* ndb underwritten,
Issue »w"
»
1
r
•
•
,T!WMtwu!
'
: ;t>v W* /
^
\ '* ~
Rt Po
Tno
Carney Co., Inc., Mankato, Minn,
cranae &; L-O., inc.,
'
earnings
be
capital
300,000 shares to 750,000 shares.
The
propose tor distribute l*/a additional shares for each share now
without
directors
vt; -•
oe'the outstanding
Of the corporation^
t toitt
Brush Beryllium Co^ giiti *U*a -it '• IPfUe-'tXTltk <&(" ':
CIeveland* 0.—Files Wlth SEC-—
W
•
.
Aue 14—
-'
»-
the common stock, payable Aug. 3d, 1946 to holders of record Aug. 23.
-Aft initial distribution of like amount was made on June 1, last.—
,
Week Elided
Traffic
1,"
of
?
Canadian Pacific Railway—Traffic
*;
.
-
The dlretitofs hive declared
stock
«ompany,Dr,$27,560;t^tal $9,463,^
v
.
will
t ?"e„ s5"e
v
other, taxes,
s^have Indicated their lntention to exchange theiEshares^.^
BrttHrter MIg, Co.—DiVidend
-
™u—y- xt)*> p*
1946, %% the Kentucky ;Trust Co., exchanger" agent,
15,
Ky.
;;:;v;:-a940/:ftna-varo;'payabio;quarteriy,;;
4!Sk:v'affi4-n4«ndhel4- by that
-
1
%
for
old age and unemployment benefits
taxes,
common, Shares initially
ranitai
/The stockholders
benefits
age
-ayne' Irtd—Reglste^a
i«f
fl-djusted-credits,-$49;825; capital stock (348,000 shares,'no
par), $4,050,220;: earfiM ^urpius,. $4v2i2r920^/oost of 3;07ff sharex-of capital
to
iu
Eoiders may exchange their $5 prior preferred shares, on tf-Share-;
lor-share basis, for new no par $4 cumulative preferred .stock on or
,
old
"
,
f
payable/;$494.407lv
payroll deductions for government bond purchases,
taxes and income taxes withheld. $44,957; provision
Mi
"
•'
wrttera
Pri/ iuiir
oe sold t, under-.
!
'y will usl
117 rtnn
5
L
pro*,e8ds'
^p nfy nTit3|QnHi^ -7?/^
^ ^
interest for redemp-S58 5O00 SJcmsiv? of MenSS SLrS fn^^vmn8;
i
balaAce^ W111 be^ added to working capital.will
added to^wirkfn^
payment of bank loans,
Dr™ce
pe
•
net( $2,943,050; Federal income and profits taxes of subsidiary refundable on account of loss carryback, $89,700; prepaid insurance and
other deferred charges^ $66,576; total, $9,463,400.
to
'
an
'
.
.
rtf4trihnHrt»»«
SSSSiSSSKiK
of^ production faciliMes.$2,750,000; investments in wholly-owned subconsolidatedj $35,000; investments at cost less provision
•^^io^$t60O;,.Jan4^bmrtract$;-?eceWftMe*v-.$i6,268I^tot$I -fixed • assets-
of
eligible
at the Sept.
foiinwin«r
^ur* 21 flled * /^stration statement
:
51,168,214';, total account;
w-k
?84flr'
d
debentures Will be; Offered
publicly,
W
be
153
*
,
itt
53.11
*>*
with the
sinking fund debentures, due 1966, and 90,000
par) common.
Underwriters, Gloro Porgaii & Co., Chicago®'
shares <no
■
sldiarleS not.
^
will
trust'agreement
voting
Charles
are
period,
AT JWW 30, 1946
WceiyaWe—rmt. $l,313;184;. myentories. $1,079,807; funds (tf. S. notes
and- certificates^and cash) reserved for. acquisition and improvement
required, by the
■
1946,
9
'
s®c for $4'000'°00
,
anually commencing,in-1953.
holders
taxes, on- income, $85,600, net profit for
^ASSWS^^^n/h^df.and m.hinke,
later maturity,
a
principal
on
cp?.h?
$6544 ^:'
V
m
**
*C<»lK^l«^«jaicri^ '48
,
The
certificate
"Vote
^
•
J^V25S2 * tS'
cnr! Lt J?
*V- *'*
refunding plan, whrch is contingent upon continuance
PI -thw-. vbUng/'trttStp'-' comprise$v.'ft--';'iMnat, biMtlbcioaA..v«f;4;$lydOO,OOa;.'.wim".
interest at 2%%
maturing at the rate of $300,000 annually commenclng
with
1948;
together
with $4,750,000
principal amount of
fcohdtf: bearing interest at 3%%■ due in 1961, ' with ft flXsrd Sinking'
*
nmvkin f^
result of the company's improved flnandat position.- the: RFC
a
mh«!^" th«
A
50^=-V
$1
th-
«n
d Sept, 20, $3.50 each, and
.
»
20
mnrtV
w*r«
wS's^lspnt^R^tified^
iarepafd^ ivhichevef iaUate^Ifithe
loaa
refunded,
Nov/ 24,-1956,
to
' /
corktotitia-
the
»
each-
navmeritq
'.
$175
,
-
the followHs
Also frr 194ff
tha $6
of income for, si* months ended June 30,^
1946,'foltobsi*:
\"< -;.i
<
**■.**" m the 57 ?tock Md to
9
$412,8?4
$1.20,
$1.09
f
^!:4;Co^?whOlly-bWned Canadian:subsidiary/:ha^ Already vaavanced^sub-;
1
share
per
holders
y
A
"
to
■
dividends
The preferred st0ck, 3.50%
unlisted
$15,»17
.
also
werc
on
"
.
30
paid on March 4, last.
Fob. 28, May 31, Aug. z%
«
'
'
,series, and $1.50 per share
dedaved, both payable Oct.
.
22'80g:
~~—
,
Spary ^t«iytxe*^\vr2wBiciimreo:ot5 o,the
!
.
record Sept. iq.~
il'fia?
15,653
$38,723
—r?
stOck
dividend of 30 cents
eaclv warrmade
1945.
quarterly
regular
a
stock
(par *10),
payable Sept.
.Thic compares with 15 cents
.{referred stock, 3.S0#
^
•
Net f profit: tot
■
.
The
-
....
,5,354
Net profit before income taxes—
Holders of voting,trust certificates for the preferred and
common
stocks, at « meeting trt be held on Sept. Iff, will .vote on the cony
,;
-
,
an
& ^dared
on
commOn
Jayment^ of 12^.cents
$43,027
--r—
$52,670
on
record- Sept. 10.
42U0J
-
■T—-—v
;
Total income
The directorS
tile
1Q4R
$592,388
•
.
—.y
'?T
i
^
■
.
into
agreement providing for the sale
to John Hancock Mutual Life Insurance Co. of
$1,100,000 1st mortgage
'3,% bonds, series B, due Aug. 1, 1976, at 102 and interest.
The
% and Nov. 30,
_
-^S::-:Xi3X,&Z2
"
,
.
p'i- '*l—<U'<4 -> w'U fi
«StOW#"?,om '
other
income
17*012
17,01J.
...
> Total' income
total expensed
;i'".
,
the: ex*
—^
*
■-i
*-
entered
Power Co.—30-Ceilt Common Dividend
CONSOL. INCO^S^TEMENT fi MONTHS" PNDFT)
INCOME STATEMENT, 6 MONTHS ENDED
5. ^
y--f
£2.st ?? ®ttles——^4
—'—%
,
" v''"301543
""—Z~~~['
^ommissions
°
%
and, operating organization, and
of duplication.
The plan of
of-the
CONS6l
1946 TO JUNE 30,
of'safes
'/s-Afia
-
-
Fu
Company, has
>
INCOME
<.41fi0eo
Cost
it
.
share.
per
CONSOLIDATED
because
,
//agreement also provides for the sale of
$400,000 additional series B
3%; bonds to the insurance company at
1Q2 and interest within si*
ics for 5*^ sinking fund debenture bonds due S|«montns after completion of the in t al
sale/ Proceeds will be used to
1961 and- new- $1- par vahie common' stock of the now
company.
A
reiund $570,000 1st mortgage 2Vz% series A
bonds, due Jan
1. 1961.
further reoommendation was the "issuance'and,sale "of
$290,000 of 5%
and for
m«tnietio»'%^ose$^r^l64'<'
sinking tund debenture bends to retire existing bank
loans, provid*
'
for new
construction, and to finance the increased business by an
Central Maine
4
York, have entered into an underwriting agreement
..with the corporation ^undfer which the underwriters f have agreed" to
.make a public offering of the 93,000 shares of
$1 par value capital
■-
done
was
Central ^Louisiana Electric Co., Inc.—Bond Refunding
Prnnnsorl
expense
plidation
ner
This
corporate
unnecessary
•■■>■-■
several
-
.
-rockwool,producing plants with the
Rockey,. each ;Oi whom
99;G0Ov. Shares contemplated' '"
ofl'eTing- the corporation\will have issued" and Outscaridinj
';$;:$$'hcddfc'i'lfo^
.
.
.
fc
•
THE COMMERCIAL
1080
(—"
'
.
r. '
'
.£ CGlvuhbia^rstock^ders
chase
the
share
loi;
■
expect to- offer any shft^Inofc
the public-about. Sept.
-i
ioftfe SSS«
of; 1.539,902
-
.
ington
,
'4
,
cents
approximately half of. the improvemeht
increased operating' inconieahd that the
was a consequence or reduction^ip
thaf
shard,.
'
*
,
*
'_//,*
%
July's
'
1946—Month—1945
Period End. March 31—
Total*opm:
revenues—.
Operating expenses
-•Maintenance
10,745
24,162
23,003
___- —
Taxes4(other
Taxes
A, fffil
87,720
11,544
—
expenses--
Depreciation
for
;—.
v
v,
$26,563
$44,696
2,987
'/*/ Operating income
r—
32,731
1,589
accrued
directors -have
$28,152
24,703
353,080
$212,858
$122,193
Earns,
share
per
stock
com.
shs.)-
(248,267
12
Months
Total
Maintenance
interest and div. receivable, $249; accrued utility rev¬
materials and supplies, $139,563; prepayments, $10,479;
and accrued assets, $1,277; deferred debits, $20,794;
other
current
total, $11,806,522.
..reacquired securities, $299,955;
Separate
taxes,
income
tencies (1943, $57,958;
>.
680.
emerg.
Interest
$203,188
$5,963,385
1,070,022
359,449
1,104,452
-------
sell, expense—
Admi., &
•
facility.
*
from oper.--
170,997
300,143
i
1.214
$$1,027,497
850,565
175,974
70,064
;■
*
.
t
I'l
profit
Divs.
paid on
paid on
of
Shares
Earnings
$978,671
' 44,815
356,424
356,424
356,424
237,616
$3.80
237,616
$5.32
per
237,616
$3.93
in
1946,
$235,018
$320,000 in 1943,
of
credit
postwar
tAfter
$270,000
in
1945,
$387,000 in
BALANCE SHEET,
payroll,
on
Curb—
the company's stock began dealing on the New York
Curb Exchange.
The Board of Governors approved the application
for listing its stock on the Curb Exchange, on Aug.. 7, while the regis¬
tration statement filed by Clarostat under the Securities & Exchange
On
Aug.
Act of
1934,
became
effective on Aug. 20.—V. 164, p.
declared a dividend of 20 cents per share
on
the 400,000 shares of common stock, par $5, payable Sept. 6 to
V holders of record Aug.
30.
A similar distribution was made on June
7, this year. No common dividend was paid in March, 1946.
The company on Dec. 7, 1945, paid a dividend of 30 cents per share
oh the" $5 par common stock, as against 20 cents on Sept. 7, 1945.
In
June 1945, each share of no par value common stock was reclassified
into
one-fifth
share
of
4»A%
preferred stock, par $50, and four
shares of $5 par value common stock.
The old common stock received
50 cents per share on March 9 and June 1, 1945.
The usual quarterly dividend of 53 Va cents per share on the 40,000
shares of preferred stock, par $50, was also declared, payable Sept.
12 to holders of record Aug. 30.—V. 163, p. 1025.
The directors
on
Aug.
20
Colonial
for
com¬
May
Co.—Weekly Output^-
electricity
Aug.
output
excluding sales
17,
showed
Following
1946,
year.
of
the
to other
17.2%
a
the
are
"
1946
—
the'end
Commonwealth
electric
utilities,
increase
the
over
kilowatt-hour
out¬
1945
.
% Decrease
'
-
188,437,000
188,594,000
186,131,000
160,791,000
187,168,000
186,956,000
0.4
186,980,000
2.3
17.2
^
/
•
^0.8
for
Amortization
1946,
15,
amounted to
259,339,-
week in 1945,
1946
$5,959,394
3,450,188
——
depreciation
of
and
property
1945
$6,723,955
3,801,255
retirements.-—
320,017
adjustments
5,150
account
»
,
Gross income
Airlines
the
travel
continued
consecutive month when
passenger
fourth
4,820,773 revenue miles in July, it was
to establish
new
16,814 passengers
announced on Aug. 15 by
$604,764
$581,953)
7,539,507
7,263,459'
$9,444,460
$8,144,271
$7,845,411
412,000
'412,000
.412,000
$9,032,460
$3.29
$7,732,271
$7,433,411
$1.51
$1.45)
371,734
,
Minority interest
Interest, amortization of debt discount and
pense, etc., of company only—
.
on
ex*
(after reserve
investments and other assets, $672,732; plants and equip¬
ment (after reserve for depreciation of $12,664,438), $13,144,350; landE
and riparian rights, $4,802,490; timberlands (less depletion), $1,156,690;.
patents, cost less amortization, $58,234; deferred charges, $341,170;
total, $31,364,979.
subsidiaries.
includes
months, or to
the
reflects
also
redeemed bonds to Dec.
and
basis
for five
It
long-term
on
debt,
$250,000;
ac¬
payable,
$439,513;
property
taxes, $321,874;
income taxek,
payrolls, interest and other accruals, $737,292; first mort¬
counts
$1,984,152;
loan maturing $50,000 annually to Aug. 1,
3%%
gage
1, 1955, $950,000; first mortgage 3 Vfc%
000 due Aug.
1954, and $550,bonds maturing?
annually to Nov. 1, 1961, and $1,200,000 due May 1, 1962,
$2,700,000; term bank loan, unsecured, series A, maturing $100,000
annually to Oct. 1, 1954 (interest rate 2V2%) and $2,100,000 due on
Oct, 1, 1955 (interest rate 3%), $2,900,000; deferred credits—royalties,
$89,181; reserves for compensation insurance, $102,083; reserve for
contingencies, $1,053,222; contributions in aid of construction, $1,538;
$100,000
Continental Oil Co.—40-Cent Distribution—
The
share
on Aug.
21 declared a dividend of 40 cents per
capital stock, payable Sept. 3o to holders of record
like amount was paid in the first; two quarters of the*
year, and quarterly during 1945.—V. 163, p. 2722..
directors
the
on
3.
Sept.
current
A
Copco Steel &
with sec-* /:
-
,
company
^
-
350,567
$287,052
$330,152
the
net
the date
actual
of
interest
income
sale,
paid
(after
of such
on
the
on
Detroit—Registers
Co.,
Aug.
,its pr^ee,^. tjo provide additional factory, space - and
machinery and equipment and to construct a new offic®
The balance will be added to working capital,
will use
''
'
''
'
V['"
/
Continental Baking
'
'
•
'
INCOME
i
j
1
1
1i/
June 29, '46 June 30, '45
$54,294,938 $49,000^82 :
sales
Cost of goods sold-——_—35,742,214
Cost of delivery and selling expenses other than .
.
33,446,650
11,421,959
10,215,915
648,467
1,136,774
654,027
1,217,604
383,937
342,789
advertising
Depreciation
Advertising
General
—
and
administrative
Contribution to
ijl
the
expenses
—
fund-
242,500
225,000
$4,719,087
pension
$2,898,697
'
-i,;
•)d.rNet profit
l
10,509
38,034
$4,729,596
$2,936,731
Other income
31, 1945.
j
ACCOUNT
26 Weeks Ended—
Net
f.
-
(Co,*—Semi-Annual Report—
CONSOLIDATED
7,244
>
...
Engineering
19 filed a registration statement with tlx®
SEC for 115,000 shares ($1 par) common.
Underwriter, E. H. Rollins &
Son, Inc., New York.
Of the shares being offered, company is selling
100,000 shares and 15,000 shares are being sold by a stockholder.
Tb«
■
/
historical
maturities
LIABILITIES—Current
>i
purchase
building.
1,323,566
534,287
274,096
—
an
$3,328,999;
notes,
accounts
and
accrued
interest
for losses of $12,862), $2,028,921; inventories,
ASSETS—Cash,
receivable
company
November, 1945 the company sold four subsidiaries for $2,000,000
and used the proceeds, along
with other treasury funds, to redeem
In December, 1945 the company's then outstanding 5.50%
debentures
in the principal amount of $2,489,000.
The above income account is
preferred dividends)
SHEET, JUNE 30, 1946
$5,831,393;
:—u-
1
$2,545,816
•In
presented
——
CONSOLIDATED BALANCE
5,150
•>,
1,142,182
472,965
:
"V 7,744
amortization of debt discount, pre¬
(net) and expense, etc., of subsids
dividends of subsidiaries—;
—
income
plue State tax
Earnings per share
The
$2,184,039
Preferred
sold
1,195,141
1,597,755
8,125,751
Earned surplus
Corp.—Weekly Output—
'•»•••:
•Net
1,617
120,000
961,663
————
'
mium
50,375
25,000
surplus, $803,662; total, $31,364,979.—V. 162, p, 780.
earnings
Interest,
>-\£
capital stock ($25 par), $10,000,000; earned surplus, $9,032,460; capital:
164, p. 952.
Operating /expenses, maintenance and taxes—^
;
$1,949,088
*
surplus balance
Total
in¬
182,652,000
of Jan. 1, 1945, the net
approximately $7,300 in the
Had such transaction been consummated as
effect
net
of
would
have
been
reduction
a
30,
1945.—V.
163,
The
stockholders
common
The
on
V.
stock.
board
21
The
of
shares
the
to
for
Federal
excess
stockholders
number of
an
directors
Inc.—Split-Up Voted—*
approved a
to
—
.
248,338
1,691,650
854,589
414.
465,147
$1,368,666
of
goodwill.
100,000
100,000
$2,693,053
Amortization
$1,268,666
three-for-one split in the
;
1,366,890
3,139,325
$4,059,943
increase
$4,407,989
the
from
also
tax_—
profits tax
$2,793,053
1
cover
stock
244,893
i..-
Provision for. Federal income
from 350,000 shares to 1,050,000
split.
The approval reduces the stated
$5 to $1.66% per share.
Shareholders will
receive two additional shares for each share now held;/-value
proposed
Aug.
Interest
Provision
3130.
p.
Conde Nast Publications,
>
of
income' for the 12 months ended June 30, 1946, and a reduction
approximately $35,700 in the net income for the 12 months ended
June
common
Colonial Airlines, Inc.—New Passenger Traf. Records
records
Japan,
—
Provision
$2,276,158
47,125
1,514
$2,392,822
110,937
1,463
$1,318,709
Dividends paid,
and
V' <r/\'l. ,y '
,
as compared with 221,145,635 for the corresponding
Increase of 38,193,310 or, 17.27% .-r-V. 164/pi 953.
Gross
■
Hew
Light
23,
Coleman Co., Inc.—To Pay 20-Cent Common Dividend
i;
of United
Community Water Service Co. (& Subs.)—Earnings—
$1,108,236;
,
returns
12 Months Ended June 30—
(after
Inc.—Listed
,;
,i
ritory served for the week ended Aug.
taxes,
Clarostat Mfg. Co.,
•'
27
445
476,878
'
separate tax return.
30, 1946, the reduction due to
June
of companies,
17_—
3
an
1944
-
$2,425,964
456,685
•
—
the
this
■
and
of
The weekly kilowatt hour output of electric energy of subsidiaries of
corportaion adjusted to show general business conditions of ter¬
JUNE 30, 1946
:
$2,732,842
for
a
Commonwealth & Southern
accounts receivable
&*—net (including termination claims), $1,534,809; inventories, $8,608,509;
investment (net) in Buchanan Land Co. (100% owned), $7,281; land,
buildings, machinery, etc., at cost (after reserve for depreciation and
special amortization of $10,648,805), $4,072,996; prepaid insurance and
/taxes, $43,872; total, $16,990,305.
payable
for
accruals
inclusion
Railways Co., affiliated holding
accruals for periods subsequent to
ended
'*•
with
♦Increase.—V.
.
accounts
tax
the
on
and
filing of
10
1944 and
etc.—accrued, $283,042; reserve for Federal taxes on income
deducting U,: S. Treasury tax notes of $453,915), $2,051,870;
reserve
for postwar adjustments and other contingencies, $1,000,000;
5%
cumulative preferred stock (par $100), $1,902,700; common stock
(249,838- shares, mo par), $4,996,760; capital (surplus, '$417,115;>earned
surplus, $5,526,407; capital stock purchased for and held in treasury
(preferred at par 1,101 shares, acquired at cost of $108,660, and
12,222 common shares, $185,725), Dr$295,825; total, $16,990,305.—V.
163, p. 2576.
v « ,
; •
r
*
based
.
'»Y '
week ended
July
ASSETS—Cash in banks and on hand, $2,722,838;
LIABILITIES—Current
profits
excess
were
consolidated
tax
the
on
months
.'
war
Aug.
1945
-
$2,884,065
491,243
income
Earned
v.
and
Week Ended—
§Deficit.
CONSOLIDATED
income
corresponding period last
including depreciation of $178,$288,214 in 1944 and $286,484 in 1943.
in 1945,
Income
27, #1946
company in
United Light
*
group
Aug.
1946
.
contingencies—
for inc. and exc. profits taxes
Net
•
chiefly 'to the two-day holiday - In/ 1945 that' ihatked
the
-.
operations
expense
Prov.
827,548
put totals of the; past four weeks and percentage comparisons with
last year*44'.-
♦After deduction of factory expense,
503
May
based
12
"•
the
Aug.
237,616
Nil
share——
Due
for
stock
com.
or
the
Edison
13,434,722
$1,309,547
44,815
§$1,027,497
pfd. stock v44,815
com. stk,
356,424
(no par)—
..outstdg.
16,694,000
$948,914
■■■*■: 44,815
——
Divs.
:
of
Ml'r
13,380,000
taxes
the
are
''
:-V$4,413,392
a
*/ 648,041
i
Commonwealth Edison
31,336
$8,003,547
& exc. profits
Fed. Inc.
Net
297,081
58,881
?
> 993,773
;
$3,005,643
^
'
■■
long-term debt
on
Provision
clusion in consolidated return includes $768,200 resulting from non¬
recurring refinancing transactions in December, 1945 of the affiliated
holding companies.—V. 163, p. 3281.
$5,768,349
300,418
to
Federal
1946
For
Federal
prior
Co.
Power
26.
$5,649,470
118,879
i
Bond
$4,001,416
934,472
"•
..,.r
■
of
panies.
^1943;
$9,460,441
915,595
170,817
$4,328,914
paid;; —-—-aw*;-:
Net inc.
"vVi
NOTES—(1)
Discount allowed
Special
f
Net profit from
Interest
j
$4,399,987
requirements oh preferred shares-t—
,
y
Balance
income
——
incotne
Total
J*'.
;
£—i:
,'VU,i(^,.r
■:
6 Months Ended June 30—
45,120
-
-
v-
.
1946—Month—1945
1946—7 Mos.—1945
$1,780,544
$1,477,568 $17,007,700 $13,336,657
Mfg. profit and other income (net)
Prov. for deprec. and depletion
$3,956,296
■
$5,334,459
—
•
Cr7^|,783
25,330
i
r.i;v.
r
•
•
•:
$5,309,130
j.
deductions
income
-V
■
.
—-
income
periods
6 Mos. End. June 30—
■
'V«
jz
;i
)
3,270,163
.
July 31—
>—
•
/•/
,
Inc.—July Sales-
Consolldated Watet ^ower &: Paper Co, (& Subs.)—
Earnings— >4,
' 4'--'
1,943,578
-
t
.
_
Dividend'
Co.-^Earnings—
(Including Clark-Celfor Tool Corp.)
1946
1945
J 1944
♦Operating income
$118,531 $5,830,151 $9,292,203
Misc. income
84,657'
133,234 '
168,239
;;
1,881,132
2,433,033
(net)
income
Net
:
Clark Equipment
<
income
Gross
f
$158,455; and reserve for income tax contin1944, $160,554; 1945, $88,766), $307,278.—V. 164,
<
—
-V
Total
unrestricted earned
' ♦
i accrued^ include; Other *than income, taxes, $70,175;
NOTEr—Taxes
accrued
.
$322,747;
^srplua, $779,33U total, ^Hv806,522.: - • *
•
;:
—
Operating income
.
Other
construction
in aid of
contributions
surplus,
earned
restricted
$113,727;
$27,977;
reserves,
basis
return
Sales—
953.
period End.
68,067
.
164, p.
—V. 164, p. 824.
1,179,562
1,825,053
Reduction due to inclusion In consol, return— Crl,334,702
its, $61,357; depreciation reserves, $2,986,043; reserves for uncollectible
'■■■} accounts
$31,110;
contingencies and revaluation reserves, $480,937;
miscellaneous
plant
Increase
$2,499,48a
of. Monarch
Sales
7,059,567
1,675,677
:
.
of
Federal income and excess profits taxes:-
bonds,
$81,986; deferred cred¬
and accrued liabilities,
other current
7,378,768
1,306,801
——
—
1945
$6,117,872
$8,617,354
Consolidated Retail Stores,
1946
1945
$18,707,906 $18,461,437
——
acquisition adjustments
State, local and misc. Fed; taxes-————-i.,*-*
3 y« J inpome notes, $1,425,000; accounts payable, $108,667;
deposits, $68,301; taxes accrued, $535,908; interest accrued,
customers'
i$49,678;
—
Amortization
-
} $4,457,500:
per
Co.—Earnings—
—
Depreciation
;
.
stock, $276,250; first mortgage
LIABILITIES—Common
'v
revenues
7
increased program of national advertising and merchan¬
Finer Foods for the fiscal year July 1, 1946 to
June 30, 1947 was announced on Aug
19 by J. R. Keenan, Vice-Presi¬
dent of Reid. Murdoch .& Co., a subsidiary.
He said that this unit
was t now
using radio stations 'and 608 newspapers in addition to
car cards and
point-of-sale material to cairy messages to consumers.
Mr. Keenn pointed cut that Reid, Murdoch will continue on a vastly
increased hasis its past policy of stress of research
and effort on
quality
control.
This phase,
he added,
includes
cooperative and
friendly grower relations in developing helpful ideas in growing, har¬
vesting and delivering higher quality products for mutual benefit.—
in stock.—V. 163, p. 3281.
Ended! June 30—
operating
cash
$44,542;
cehts
-1946
net sales
Unit Plans Larger
V.
Operation
$264,398;
and Dec. 28, 50%
Columbus & Southern Ohio Electric
1946
31,
$39,882; cash, $684,007; special deposits, $13,315; temporary
investments, $1,201,728; notes receivable, $83;
accounts receiv¬
enue,
50
„/v'4
/
_
A greatly
the
counts
able
of
,
Four Weeks. Ended July 27—
will
dividend
extra
ah
.
G.
Consolidated Grocers Corp.—Current Sales Up 41%—
;
Consolidated
par
50 cents in cash;
investment and fund ac¬
$9,086,249;
assets,
fixed
ASSFTS—Total
,
MARCH
BALANCE SHEET,
CONSOLIDATED
declared
B.
kwh., compared with 145,700,000 kwh. for the corresponding week of
last year, an increase of
,18.7%.—V. 164, p. 953.
$0.49
'
Net income
and
no
by
company on
Aug-. 21 announced that System output of elec¬
(electricity generated and purchased)
for
the
week
ended
18, 1946, amounting to 183,700,000 kwh., compared with 149500,000 kwh., for the corresponding week of
1945, an increase of
26.1%.
Local distribution of eleetricity amounted to 173 000 009
usual dividend of 50 cents per share on the common
value, both payable Sept: 24 to holders of record'Sfejpt. 9.
A distribution of 2'/2% in stock was made on May 9, last,
;
Payments in 1945 were as follows: May 9, 2V2% in stock; §ept. 21,
5 cents in cash; and Dec. 28, 50% in stock.—V. 163, p. 3281.
'.J„
v308,034
$3,449
$6.86
——_
deductions
share
Inc.—New Vice-President—
The
[Columbia Pictures Corp.—Extra 50-Cent Dividend^
The
:
....
tricity
Co.—Registers With SEC
redemption
$552,14®
has been, elected a Yice-President ifc was
an*Steinetz, President..
A member .of . the board of
directors and formerly manager pi
manufacturing, Mr. Abrams will
continue to be in charge of all
manufacturing operations in the- floorcovering company's plants in New Jersey, Pennsylvania and
Maryland
dising
18,266
$23,677
income
Gross
Total income
the
for
/
surplus—'$573,327
Aug.
on
Funds
dividends and
162, P*. 565.
;
dividends.
4631489
,
^Consolidated Edison Co. of New York, Inc.—Output-—
be-supplied by a
short-term bank loan.
Proceeds from the sale of preferred, together
with other funds, will be used, to repay the bank loan.-^V. 164, p, 680.
$430,228
$565,938
' '
'
i
.
Underwriter, Union Securities Corp., New York. / Prior to the pro¬
posed issue of preferred stock, the company plans to call its $3 cumu¬
lative convertible preferred stock for redemption at $55 a share plus
j
$47,682
24,006
'
v*
Underwriters, Emanuel,
receive proceeds from the
company, who
remaining 150,000 shares, will receive proceeds from
The qompany will use its proceeds for; payment of
company
stock,
Other ii\come
1
•:
^
Aug. 20 filed a registration statement wfth; the
SEC for 70,000 shares ($50 par) cumulative convertible preferred stock.
$411,962
,
N.
846,071
>,, v
453|?40.
Normair 3Hi. 'Abrams
stock.
common
Colorado Milling & Elevator
164,325
:250,802
$533,206
.
par)
($1
(j
^
^
f
nounced
Co., New York.
Company will
150,000 shares and Generoso Pope, President of
of
The
:
*
^
^or'cblnmon
\
registration'statemant: with ♦he SEC
a
918,748
.
$5il:S3g
Witb
"'v
°*'
»
^Drl.200':'.'
-—^$?'i97r815V$2,158,79($l
expenses
'®alance
•>'
N'»; Y.^Begisters
-
v$il59,990
Increases
•>"* »!...
•
1945
increases
^ '
traffic
.'J
i "
'
^2,198,812
Total'lnteres\°ahdnotSr"c^^^
mortgage notes, open account indebtedness and for purchase of addi¬
tional ) equipment. ? Any balance will be ' added to working capital.—
: V„ 164,
p. 952;< >■!' '.)•*' ?h:-S •'••••.>»•'?«.«•: .
'
18^
,M:
^ f•'r.v.-'
ri:':/
-v":;
;•
286,413
;
168,541
221,363
'
\
r
shares
300,000
selling the
these
shares,
142,820
273,783
14,629
Cr93
income-—:—
\ *
" i''
on
r
;
14,645
—
i
is
:
148,755
in-:
than
taxes)
come
86,563
■
-'
,
^
$2,41^,879 $2,354,439
1,098,116
1,067,230
$181,295
$180,356
,
'
Operating
-
.
T
1946
.
"
Cong;oleum Nairn,
Sand & Stone Co., Inc.,
' '
.
-r
;
1946—12 Mos.—1945
account
CONgOLIDATED income
passfenger
showed
August
I'The companjfibn Aug. 15 filed
•
fish processing and cold storage
also operates a.
.
figures. With new service inaugurated to
and' ShranUc Lake-Lakfr Placid in- iAie:upstate 'New York
and to Rutland, Vt., on Aug. 8, another- record-bieaking
'•'CUT1
sale
California, arid Washingtori,
plant in Ketchi¬
Colorado, Idaho,
Arizona,;
Vermont,
of.
of
Peetjen &
that the new officials of the company viewed
the year with a degree of optimism,
availability of u ility appliances and
the success of government efforts to restrain price
increases in raw
materials consumed or used by
the company in Providing electric
eas
water
and .telephone sendee to its^ customers.-rT
iu ^sP £
operates properties providing various of these services
kan, Alaska.
period.
unprecedented
Coionlal
'
outlook for the remainder of
conditioned upon the increased
: and
weeks
164, .p. 417,
0i' '■ : :.f,
the
i
routes, over, the same
June 30^-
:..pther„.incom^:.._«—JPF997TA-
.,mont^riS' foregeen^V.
-
j
Rosenthal stated
Mr;
two
resort, area
.
-iionths
per common
first
Plattsburgh
pointed" out' that net Income, for tHe, 12
ended March 31, 1946, before special charges resulting-froftv the sale
of property, was equal to $280,346, or $1,13 per common share.
n
"the 12 months' 'period ended March 31, 1945, net incOnje
4<i
Ottawa
and 8,773,303 express pound miles.were flown in July,
1946,
..-ci- 47,5% -and 36.5% i! respectively,-werf July; ^I945v > " '
4n earnings resulted from
remainder Of the improvement
nr
and
Riyer I^ower (qp.—Ilar.nings—
Months Elided
Six
/
^?Ue
.
express flcwn also showed substantial increases; for July
the same month in 1945/vA total of 13,228,476 mail pound miles
over
also
Montreal
to
The
rShtil
revenue
Mail and
over
theth, period ended Mdrch
-Vr nRoSPenWaiaindicated
Connecticut
.
passenger:-miles- betweem-April and the end ofJuly,
almost
47%.
The passenger load, factor has
risen-<14%>' on/the New York to Montreal and Ottawa routes and 8%
on
the Wash¬
announced that operating -wrjults
President, recently
Rosenthal
t
n
.. ■
tatem up.by Colum¬
164, p.> 824.
Utilities\Co.—Earnings,'Etc.—
Citizens
carried Tor-- the "first seven
mpnth. of 1946 Increased> 84.5%: ovfer the same period a >year ago.
<n-Colonial's -record-breaking. *surge of traffic, started in April t- and
continued through May, June and July.
There has beem- an increase
°f
will^expire
bia: stockholders - to
SigmuftU'1Ja'nas,"' President.'T'TPasseng.ers
tnpur-^
of record AugUst/22 wlir be entitled
Cincinnati common 1 at $26 a,
each- six share? of, Columbia
f TOerights
f^Thfr9underwriters
Monday,; August 26,. 194.6
>:
1
/
approved
fifteen.
a
See
recommendation
also
V.
to
164, p.; 680.
Increase
697,331
966,009
$3,362,612
$3,441,985
the
Balance
at end
of period
1'\
y\
'}&
M
'
•
ume
' CON&>itoATE35* B"MMC® SHESTf
\
pypty
;/,^:?^ j'v;.:r|.:
v
iiij
u:->i t if;0
j't"" .'il'ii !...«>'!
,L:.v
'■'i Co, to The Culver Corp.,*ahd thw total authforized capitlai Was increased
;from 4,000 shares of capital-stock, par $10 each, to '160,000 shares of
;common stock,' par $5'each, plus a total of $400,000 m debentures.
Including
accrued
accounts
—
$7,260,107
$8,870,540
•
»'
; 103,020
;
—£
interest)—:
receivable-;.—-___
^1-"v-l;':
''jun^g^^be^^^S
Hash in: banks and-©n handi^-iJ.'
U. S. Treasury notes, tax series <3 (at lace value
Trade
*..,
TT' -';;.t.v
»,J"-.:'.-'
'./
••.- ■,
•
'••»■ '';
.' M
11
.
r,!<iJ;'/--r::' •.-/■]
»t-,y,.iw if
•„ -.•
'■ ■'
'' v
>
•*
r
' ■
,•
• ■
.
■.
1081
■iT irU'-*
ASSETS—
r
■•'•.■.
'"-
v'
..
-IJ'Jxvm
■
7
r
;.vj: ■'
--i■.->-• vo''vL:«,:>'iA:^^V•'•''•-
wmmmmm. isiiiii
Volume 164" •'ftrfate-%19
T&E
Number 4519
MmiiM&mttm&AiwmiM.:
■
i-•**
;k
Vi::;w:v,::'■•.'•^•■^'«;r
•.''i*.';'••,•'.cT.'-1
;Each
shares
1,336,180
1,356,489
215,319
1,044,039
.
1965.
An underwriting ia contemplated at a future
'
!.'U::
l
'
'h,
*
V; ;
\
1
-i
;•
sonsi Charles and Theodore J These members of his fam¬
ily have owned all of the common stock in the company
since his death in 1931,'and will continue to hold a mav
/ •
100 shares'of Old'$10 par capital stock was exchanged for 100
of new $5 par common stock plus $500 in series AA'debenture
'4s due
Ki
l
jority Of the shates after the sale; '
date, It was
Transfer, agents,. J. P.. Morgan & Co. Incorporated, New York, and
Fidelity Union Trust Co., Newark.
Registra;r, Central Hanover Bank
1936, .railroad operations ceased and the charter ^as
arid-Trust Co., New
''
•^permitting railroad security and kindred investments.
Since that time,
Inventories, at cost
*—_±—
V
6,348,586
the corporation's portfolio of securities has caii^istea oiT. rcp^tiHa-iy '4 HISTORY—Company
is incorporated in New Jersey,
Its history
Sundry mortgages, stocks, etc, (at cost)
149,141
162,341
dates, back to 1888, when; the late Thomas A.. Edison and his asso¬
tive railroad and railroad equipment securities listed on the New York
Deferred charges
521,990
725,371
ciates formed u corporation known
as "Edison .Phonograph Works;
•Stock Exchange,—V.
.♦Plant and equipment.---'.—
^63, P- 3282.
26,968,766
26,462,829
operating at the company's current premises in West Orange, N. J.
Goodwill
i
<
5,900,000
6,000,000
This was the first of several companies.formed by Mr: Edison to carry
^T^TT~
f
Curtis Publishing Co.
^ubs.)—Earnings—
on' thq manufacture and sale of products developed by'him,'among
Total
$51,000,432 $49,674,645
: - Six Months Ended June 30—ylV'' -r'.;
: .1946: 1945 '•
•which were National, Phonograph Co.
(incorporated in 1396),F Edison
Gross operating reyenue-,_______/__^___^
liabilitiesv—-']■■
$46,739,405 $34,644,684
Manufacturing Co. (operated by Mr. Edison personally from 1890 until
Accounts payable;—"
2,910,324 $5,454,070
its incorporation in 1900), Edison Storage Battery Co: (Incorporated in
ii,109,964 " $1,377,527 . Earnings .before income taxes
Employees' payroll deductions ^ lor war ?-' bohd
952",000
I90l), and Edison Business Phonograph Co.'(incorporated in 1908).,
Wij
' :
' V
1' ; Reserve; for Federal987,950.-*
v '
J In I9ll the corporate title of National Phonograph Co., which had
,1* purchases, withholding aridJ social seer .'taxes .": 309,$79 '
357,678
*"*"' Reserve.for. Federal excess:profits; taxes .'(lessf, ' credit for postwar refund
Accrued teal estate; and sundry taxes.—
2,727,000
486,591
been ^incorporated on Jan. 27, 1896, was changed to Thomas A. Edison,
—
482,425
Accrued interest
.'
"" :'"r
: Eeserve^ or State income taxes—4,660
249,505
Inc., and at about the same time it took over the business of Edison
7 100,752
175,384
Dividend payable on preferred stock
r
Business Phonograph
348,666
Co, and acquired the business and assets of
;
348,666
Dividend payable on common stock
$1,821,622 V $1,599,686 ;> J Edison Manufacturing ,Co.
I
:>
V 637,714 •<v. "i Net ■■ earnings •
In 1924, Edison Phonograph Works and, in
Principal amount of 3% debentures to be reP—v. 163, p. 2992.
v"
1932,
Edison Storage
Battery
Co.
were, merged
with Thomas A.
tired within one
•;.>5;,;\
y} ■
348,000
year.
__
'
350,000
Edison, Inc; VV '
t
-
'
Sundry
accounts receivableLoans and advances to. employees!...—,
—
L_-
—_
54,847
denounced on Aug.
;&■
•'::' 10,804
*- 15,027
7,169,681-
'-V-;,r::*VT
:
modified'y
16,'J946.
In
P
______
—
_____
(&,
■
.
.
.
—.
•
-
.
Accrued Federal Income and excess
profits taxes
Salesmen's guaranty deposits.—______________
■
;
308,689
309,223
r
.-The
,
20-year 3% sinking fund debentures, due 1965
(not current) 'r
Miscellaneous reserves
$5.50 cumul. pfd. stock, without
pari value (outstanding 253,575 shares)'—,,
>
•>:}
■
15,800,000
>109,981
"I
>•
Aug.
!
24,150,000
1,000,000
1,000,000
3,362,612
1,386,890
stock, without par value (outstanding
1,075,429 8haEe6)., __'_____i______^<.i.ii____:l.__,.
Earned surplus
___2____-_____
v
1945
13;
35
y. 163,
on
Aug
capital
like
A
In
June
24,150,000
the
on
30.
last.
ff>.
Common
.
directors
share
15,975,000
109,981
<,.
the
cents
19- declared a- dividend of 35
payable Sept. 13 to holders
disbursed
was
is.-:.:
:
14,
June
C:'C,,
■'
,
% Total
lor
reserve
$24,826,016
at Dec.
r'.'-r1-'
p.
3282.
pi
.
^
T
,
.
Unmd
i
business.
stock,
stock
Continental Steel Corp. (& Subs.)—Earnings—
1946
Net sales
Costs
expenses
for
RR.—Court Denies
'
States
July
$626,519
income
16,594
.
Total
Loss
income
sale
on
tlement
$3.33V3;
par
Federal
Net
$413,739
906
2,002
258,000
7,064
196,000
*■
etc.
taxes
profit
Preferred
v
.
<
$167,574
50,140
$279,871
$158,533
$117,434
$148,751
$1.04
$0.83
sales
of
Prov.
'fesv"-
■
selling
881,849
for depreciation—
:
.
be
closed
pi Profit from operations
.Other income
the
of
board,
in
letter
a
246,776
495,379
$663,103
164,
$1,102,884
$956,472
20,812
;
28,911
^
107,911
to jstoclc-
most
is
as
favorable
to
corporation's
the
Inc.—New Director—
Total income
$657,471
Int. on'iunded
debt
*Z amort, of deb.
Loss on sale
i
$692,014
^
$1,210; 795
$1,015,014
14,912
15,316
1,537
exp.__
7,386
>30,610
V-
dlsman-
or
"
tlement
of
1,357
property.
Prov. for contingencies.
for
Prov.
■
Fed.
inc.
2,058
100,000
and
i^;-<j|wess ;profij;S:;i;ax-.^—
265,000
315,000
445,000
436,500
$391,114
profit
$360,565
$643,093
Earns, per .com.
Dividend in
$1.79
$1.28
$2.72
share—
$0.78.
to
and
for
provide
a
elected directors are:
ASSETS—Cash in banks and
r.
securities—at
cost
able,
$978,193;
ever
is
on hand, $1,406,023; U. S. Government
accrued interest, $1,010,143; accounts receiv¬
plus
inventories,
valued
at
average
cost
or
market,
charged, $4l,C7l; total, $15,046, U1 i:
10
•
Robert
.
Alden
Lv Spencer
D.
Redfield
has
who
been
has
held
newly
Goode,
of
for
headed
stork
by
are
underwriting
of
Kidder,
Peabody
Co.
&
Stockholders
would
be
a
„
Avi¬
;
.
.
Ebasco Services Inc.—Weekly
'
-
.
Input—
week ended Aug. 15, 1946; .the System Inputs of client
companies of Ebasco Services Inc., which are subsidiaries
American Power & Light Co., Electric Power & Light .Co.: and
For
Period End.
Bales
of
Co.-^-July Sales-
July 31—
$1,258,270
————
1946—10
Mos.—1945
$1,016,890 $12,107,025
.Having amended Its
advised
the
each
of
New
share
so
converted
four
into
Curb
of
Incorporation, the company has
two
shares
of
common
stock.
is also contemplating recalling for redemption itffthe
immediate future at $25 per share all outstanding shares of 7% ffebilvertible preferred stock whiph are not converted into the common
stock.—V. 164, p. 953,
company
/V
'*")£■>
v
-i~kl }l-'7 V
"l*"'
/•'
Financing-—
directors have declared
The
on
.
the
$5
record
;
Sept.
dividend
dend
of
of
10
value
par
20.
10
cents
-
per
extra dividend of io cents
stock,
distribution,
common
This
an
share
payable Sept. 30 to holders of
together with the semi-annual
share paid June 25
and
a
semi-annual
divi¬
cents
payable Dec. 24, make total declarations during 1946
of 30 cents per share.
1. -v.:> ;
The
>
.
dends
1941,
f,
0
In
name
above
on
the
1942,
compares
old
1943
February,
of
the
$10
and
1946,
with
disbursements
of
capital stock of 4%
par
regular
(40
and
cents)
extra
divi-
in the years
and 5% (50 cents) in 1945.
amendment to Articles of Incorporation,
1944,
by
company
was
changed from
Culver &
Port
compared
as
with
the
Clinton
the
RR.
.
1946
;;
; 176,460
Kirchofer & Anold,
Reinholdt
I.
William
74,815
99,173
Amount
15,753
*1,967
V 88,164
:
11,009
Pet.
,
,
-
9.8
*2.6
12,5
NOTE—The above
&
Allen
Court*
—V.
2,000
2,000
&
164, p, 681.
1,000
Julius A. Rippel, Inc.—
3,000
2,000
Mason-Hagan, ^nc.___—
Minsch, Monell & Co.—
R. M. Horner & Co
3,500
3,000
Co._
Elkhorn
Co
Staats Co-
R.
Well & Co
&
Co
Ac
M.
2,000
1,000
1^00
1,500
Mining1 Co., Boulder, Mont.—Riles; With
SEC
a letter of notification .with the SEC
Offering price, 20c a share.
Proceeds
cash^: mine development and operation
other expenses.
Issue not underwritten.
P- '■ v.
:1PI '"Xv;
py'-'C.-■ 1,■-:X Jyp f tMy-pp.
The company on Aug. 14 filed
for
100,000 shares of common.
will be used for repayment of
and.
-
■
■
Engineers Public Service
Co.—SEC Division ^Objects
Liquidation of Company—
to Terms for
present form the liquidation and dissolution plan of- the
falls short of the "fair and equitable standards of the
and consequently, must be rejected, the staff
"of the public futilities-division-of, the Securities, and. Jiangs Com¬
mission charged Aug. 21 in i- brief file<t with the Commission,
• v:rThe analysis details the staff's views and outlines the stand that
it will take when the five members of the Commission hear oral argu¬
In
its
company
Company Act,"
Holding
ment
the proposed
on
$5,
$5.50
and
calls for divestment
their call prices of $100
stocks at
preferred
$6
accrued dividends and dissolution.
'
.
company's interests in two public utility subsidiaries, the Uri'f
Utilities Co. and the El Paso Electric Co.;
ret'rement of its
the
States
;
plan on Sept. 6.
Engineers Public Service, the plan
As filed by
of
'
the
plus
,
.
respect to the suggested treatment of the preferred
staff contends, as does a committee repr^ent'n? holders
With
stocks,
of the
shares should receive $106 a share
holders of the other two classes of preferred .should receive
share.
that holders of $5 preferred
stocks,
figures do not include the System
Inputs of any
;
$106 a
Period End. July 31— y—
the
present investment worth of the
The
staff also
"that
asserted,
(Thomas A.) Edison, Inc.—Stock Offered-—For the
first time since the organization of. the uompany by the
tained
late Thomas A.
other
through
income
,
to Engineers proposal to borrow $7,stockholders. "We intend to show," the staff
the cash required to carry out . the plan can be ob¬
took exception
to pay preferred
500 000
164, p. 419.
means,
withholds from the, common
and
,
.
.
penses."
.
In
of participat.on.
surrendered, is the measure
bundle of rights
, 1946—Month—1945
1946—7 Mos,—1945
$4,952,128 : $4,307,539 $36,706,076 $30,041,923
Edison, shares in the company were of¬
fered to the general public Aug. 21. The offering, com¬
prising 110,000 shares of non-voting class B common
stock (par $3.33%), was made at $22 per share through
an
underwriting group headed by Riter & Co.
The
shares offered represent part of the holdings of Mrs.
Mina M. Edison, widow of the inventor, and his two
the; staff's nositibn that
matter of law, but that
preferred sock, based upon the
'=' I'On the merits," the brief explained, "it is
the liquidation price is not applicable as a
Edison Bros. Stores, Inc.—July Sales—
—V.
Co.;;sine.H. Murch
;
2,000,
Inc.
Gardner__
and ,that
companies not appearing in both periods.—V. 164, p. 953.
—
&
&
Simon
4,000
corresponding
1945
160,707
76,782
.
4,000
3,500
(in thousands of kilowatt-hours);
♦Decrease.
Sales
(The) Culver Corp,—Declares Extra Dividend—Plans
"■i New
Natipnal Power & Light Co.—
.
of
Co.,
6,000
6,000
Johnston, Lemon & Co._
r—Increase
Exchange
instead
Light
American
convertible
shares
&
1945 were as follows
Operating Subsidiaries of—
Power & Light Co.—
Electric Power & Light Corp
»
that the conversion privilege
preferred stock; par value $25 has
that each share of said preferred stock
may now^be
been increased
This
certificate
York
of 7%
Power
during
$9,855,365
Convension Hate Changed—
'
week
6,000
Blair
the
National
1946—Month—1945
Milwaukee
4,000
operating
Crown Drug
d?
——2,500
2,500
Co._"_r_
2,500
Newhard, Cook & C0.__
Singer,' Deane & Scribi- ner
__——_ ':
2,500
Co.
The
7,000
Paul H. Davis & Co
offered
earned in the three months
was
:
r
C. Langley & Co
McCormick
Kebbon,
7,000
Jack-
,
3,000 r
Yarnall & Co,—'
Curtis____
Maynard
,.'X; Co.
No. of Shs.
-
..
&; ,Hop-
:—.' '3,000
Alex. Brown & Sons
group
Of the results, the largest part, or
.
..
wood
.7,000
Dean Witter & Co.__
64,000
of
at the end of 1945 to $1,500,000 on June 30, 1946.
Backlog of orders totaled about $17,000,000 on July 30 with pro¬
duction at a new high level currently.
For the first half of 1946, net
sales amounted to $9,850,933, with net income of $1,065,226, equiva¬
appointed Patent Attorney to. replace
that position for the past 6V2 years.
2850.
offering
by the corporation with
■
,
Jaffray
Piper,
Pierce,
Beane_
G. Becker & Co. Inc.
A.
W.
$500,000
<$885,914, equal to $2.77 per share,
ended June 30.—V. 162, p. 2941.
Mr. Redfield has accepted a position as Fatent Counsel with the
ation Corp.; parent Organization of the Crosley
Corp.-^V. 163, p.'
proposed
a
being carried m
&
&
son
rights to purchase one new share for each five held, with proceeds
to finance
business expansion
Indebtedness has increased
from
commissions,
taxes,
Crosley Corp.—Appoints Patent Attorney-r-
<
The
directors.
classified
V-
lent to $3,33 per common share.
*
./
15,000
.••Webber;
PPeAm,
Eastern Stainjess $teel Corp.—Plans New Financingshares
payable, trade, $910,051; accrued wages,
$391,054;
accrued State,
local and other
$191,002; reserve for Federal income taxes, $455,399;
operating and compensation insurance reserves, .$355,973;. reserve for
contingencies, $750,000; capital stock ($14 par), $7,022,680; earned
surplus, $4,973,013; cost of 217Va shares of stock held in treasury,
Dr$3,057; total, $15,046,114.—V. 163, p, 2290.
and
general
2723,
Negotiations
/ ;
LIABILITIES—Accounts
salaries
of
Joseph B. Ely, Earl F. Gibson. Edward F.
Lynch,
Fenner
-
which¬
$4,659,038; other assets, $40,934; fixed assets (after
depreciation of $9,712,878), $6,910,711; intangible assets-
patents, $f ;|defc^red
to revise the by-laws of the corporation
board
Co.__-__
Merrill
.
Legg,
V. 163, p.
lower,
for
reserve
.principal underwriters and the
severally agreed to purchase, dre as
of the
names
Hemphill, Noves & Co._
Judge Mitchell May, E. Joseph McCarthy, Judge John C.
Pappas, Frances Tomasello, J. Arthur Warner and Allan J. Wilson.—
E.
A.
SHEET, JUNE 30, 1946
&
Riter
*
stockholders also voted
The
'•'.'■"X
-
follows:
TbC stockholders at a 1 .special; meeting:, held <on " Aug, 20 voted to
Increase the capital stock of the corporation to,provide for.a class of
preferred stock which the directors intend .iOpdeqlare as a dividend at
the rate of six shares of such preferred stock on each share of the
presently outstanding common stock." The new preferred stock (200.000 shares authorized)
is of no par value, Is callable at $21 and entitld to cumulative dividends at the rate of 25 cents quarterly.
It is proposed that
the corporation may sell authorized preferred
stock from time to time at not less than $25 per share net in cash or
$545,846
CONSOLIDATED BALANCE
$861,198
$608,961
*$163,173.
number of shares which each has
J
Preferred; Stocks—New Directorate. Elected—
eqivalenfc value;
Net
____________________
No. of Shs.
58,541
&
income
UNDERWRITERS—The
Fla., President of Foremost Dairies,
Reinhold, Jacksonville,
.
lp,
422,674
2,357,763
195,220.-
v
.manufacture-and* sale of a
of which are nickel-ironalkaline storage batteries; dictating machines; wet-ceT primary bat¬
teries; lead-acid storage batteries;'miners' electric lamps; and instru¬
ments and controls, principally electrical, for aircraft and industrial
uses.
A wholly owned subsidiary, Edison Wood Products, Inc., manu¬
factures: and^i sells furniture;^principally: vfoi^ children's use;- ^ EdisonSplitdorf Corp., of which the company owns approximately 90.4% of
the outstanding capital stock, is engaged principally in the manufac¬
ture and sale of spark plugs and magnetos for various types of internal
combustion engines.
■'
*
:
'
:
/
v%
681.
p.
Eastern Racing Association, Inc.—To Pay
i"
,
Inc., was recently elected a director.—V. 164, p. 7.
1,336,112
•
459,647
247,774
time
such
until
Paul E.
.
$636,659
Chairman
Eastern Air Lines,
20,778,203
674,928
39,428
BUSINESS—Company is engaged in s the
of
products,
the principal ones
advised them that a substantial.majority of •the' outstanding
interests.—V.
19,660,911
$3,641,835
$1,171,323
X 367,142'
number
1946—12 Mos.—1945
10,603,824
charge
Net
number of authorized no par value
300,000.i ^ y"I 'V
Mr. Appenzeilar added that the proposed financing had been tem¬
porarily postponed and that negotiations with underwriters will not
gen.
__w_.
cial
-
Appenzeilar,
holders,
$0.99.,
9,411,093
i
193,360'
Prov. for taxes on income and spe-;
shares bad; voted to increase the
common
shares from 150,000 to
r
469,851
&
-
v
♦$31,835
91,910
^4
$3,509,052
•
132,783
$977,963
$81,880
50,045
.
Income
I- Total income
Other deductions
'
$10,765,378 $12,188,632 $22,141,023 $23,530,435
_____
:
$0.76
1946—6 Mos.—1945
sales—'——
expenses
'
:
554.
p.
Xf/'
;
Dictaphone Corp.—Increase in Capitalization Favored
; '"Paul
50,140
profits tax.
excess
.
•Deficit.
$216,179
50,140
17,288
Period End. June 30—
Cost
•146,600
—Calendar Years—
1945
1944
$5,879,583 $27,101,397 $35,140,582
4,686,580
22,373,147 27,981,787
1,274,883
3,750,287
3,649,743
Apr. 30,'46
.
*
profit
Gross
Other
"To,653
$203,673
1$ Surplus
Net
8,633
113,500
.
Selling, admin, and gen. exps.___—
1946—Month—1945 t 1946—12 Mos.—1945
$910,712
$981,834 $12,877,498 $11,324,860
——1
—V. -164;
100,282
>j
Earns, per com', "share—
Sales
•
$380,153
;
dividends
•Includes
1.
of such
subject
(INCL. SUBS.)
4 Mos. End.-
•-.
Sales; less returhS and allowances.
Cost of goods sold
Corp.—July Sales—
Period End. July 31—
6,953
'
dividends—_
Common
Admin.,
t
v'':
'
disman¬
properties
by
2,450
Diana Stores
$373,432
$296,660
;
\
of the class A common
each holder
and
SUMMARY OF EARNINGS
on Aug.
12 filed a letter of notification with the
fhares J$100 par)
preferred on behalf of Alonzo
director.
Offering price, $40.50" a share.
Underwriters
areiiheaded by Boettchcr and
Co.,
Denver.
Proceeds go to the
selling stockholder.-—V. 164; p. 8255 Vol. 163, p. 2850.
52,229
Pp * 18,365 t
•:
$639,059
or
of
Interest,
f-
v
9.
a
$321,203
$278,295 '
$397,145
12,540
'
an
t
company
for
Petteys,
.
124,286
'
The
SEC
$5,640,123
'5,369,664
5,200,891
105,936 "'
118,028
j
1
.
incorporation was approved
of
30, .1946.
provisq vthat the. total number of class B cornmop shares to. be
issued
for
such
exchange
should
not
exceed 300,000 shares.
In
accordance with such option
a
total of 300,000 shares of class A
common stock (including 45,000 shares held in the treasury) was duly
exchanged by the holders thereof for 300,000 shares of class B common
stock and such total of 300,000 shares of class A common stock duly
retired by the company.
Denver Tramway Corp.—Files With SEC—
,1943
$5,753,895
5,683,445
,
123,976
Operating profit
Other
$6,204,876
5,672,198
Depreciation
1944
1945
$6,422,693
and
shs.
treasury.],.:,tExclusive of 45,000
the
certificate
to the
t255,000
\ 450,000 shs.
?
,
3 Mos. End. June 30-
150,000 shs.
,
given the option to exchange any or all of his shares
equal number of shares of class B common stock,
was
stock
to
Supreme-CoUrt Justice Stanley Reed has denied the
application of the company for a further stay of the Supreme Court's
mandate in the reorganization case.
On June 10 the Supreme Court
refused to make any alteration in the reorganization plan for the road.
Two petitions for a rehearing of the case remain to be disposed of by
the Supreme Court when it meets in its October term.—V. 164, p. 681.
The company on Aug. 9 filed a letter ol notification with the SEC
for 2,000 shares ($100 par) class B
preferred.
Offering price, $150 a
share.
Proceeds will be used for setting up legal reserve for operation
amendment
shareholders
common
$1,699,312
-
.
(non-voting)
—
shares held iri the treasury.
1945
1946
fipAver & Rio. Grande Western
Further Stay in Reorganization—
Tucson^ Ariz—Files
"
%r',r»j-
-
$4,660,652
—V. 163,
exchange for temporary debentures at the Guaranty Trust Co. of
New York, 140 Broadway, New York. N. Y.—V.
163, p. 2992.
.
of life insurance
p!'
Bales
'
how ready
for
.
'^,v
"■
♦14,343 shs.
In accordance with this amendment,
among other things, each share of the $100 par value common stock
was changed into 30 shares of class A common stock,
par $3.33 IV, the
authorized capital stock was increased by 450,000 shares of class B
Davega Stores Corp.r^Quarterly Sales Up 174.2%—
..
Three Months Ended June 30—
^ Definitive Debentures Heady— J v^;/n.
debentures jdu^; July■
196^;rft!te
Copper State Life Insurance Co.
With SEC—7;v..:-
'v'
:
Inc. below.,
stk.
common
♦Exclusive of 657 shares held -ip
An
See Riverside & Dan River Cotton Mills.
and
depreciation of $25,063,694 at June 30, 1946
31, 1945.
'
B
(par $3.33Vb)
the
$51,000,432 $49,674,645
—
♦After
,
.
..;i
ization & Co.—
:
.
Class
'■■■pyp- ;y-\:p:-.pyp.
Dan River Mills, Inc.—New Name^-Change in Capital¬
Outstanding
Authorized
cum^; pfd. .stk. (par $100)-—____
' 15,000 shs.
Class
A cotpmon
stk. (voting)
(par v' 'pyyi
y':'"
$3.33 Va)
' 150,000 shs. ;
/,
:
6|4%
March 15 and
13, 55 cents.—
following payments, were made:
Sept. 14, 25 cents; and Dec.
each;
2733,
and
14
I»Tarch
on
.
CAPITALIZATION'
•
,
cents per
of record
stock,
amount
'•
"•
Cutler-Hammer, Inc.—To Pay 30-Cent Dividend—
3,057,870
3,663,856
addition, the
for
such
fair
and
a
involving
trusteeship
in
does
a
have jurisdiction over
not
Section
payments,
dividend
unnecessary
ri*
ex¬
' >
staff declared Engineers erred in. stating that thh
v
-
Commission
expenses
imposes
loan unjustifiably
and that the bank
stockholders of Engineers; the
11
the
(E)
staff
proceeding.
the payment of fees and
is made
Unless provision
also would not be
the plan
contends,
- •
equitable.—V. 164, p. 419.
"-<wV
.
..
"p
'
.
-■
.rv*OH/MI
...
..
•
,
'')i
i
'
■
"■'
ii
i'
i
m
i
T*":
mWf
THE COMMERCIAL & FINANCIAL CHRONICLE
1082
Inc.—-Net Tops Previous Full Year—
corporatlohjumpedto a new record Wgh ( during
Eversliarp,
of -this
Earnings
.
the
first
for
the, entire
said
five
exceeding the total
year,
'
r
''
,
i'
r
ended Feb. 28, 1946, the company had reported
profit of $1,805,444, which-was the largest in its bo^tory up to
net
that
LIABILITIES—
Notes payable to banks-^-.~——,
-Accounts: - payableXlifi j-!.,-,-.;/—--V
Accrued .local
year
time,
*
prior
*
'
With
-"Even
the
month
company
aince
i
first
the
than
50%
the
of
during
Sales
'
raising the total
year,
^53,897
stock
-
r -
1,668,568 i;
153,89?
;
(par value $1 per sha-re)—:!-£T
378,000
..
Chevrolet—Passenger
r-;.1'V
tAftek, Teserv6s in
both
In J.946 and $1,750,000 in 1945.r-^-V. 163,' p. 3416/
for
company
shares
of
564
< - "
of
•
Englander as trustees for Ariane Ross.
Offering price, $57. a
Underwriter, Silberberg & Co., New York.
Proceeds go to the
stockholder.—V. 158, p. 1277. f
•
•
«
,
share.
selling
Total
current
in part
...
price, $100
including $1,886,618 cash compared with $16,481,340 at the end of the
previous year, which included $3,219,440 cash.
Current liabilities on
April 30, 1946, were $1,505,899 /compared with; $12,212,097 m April
:
#•
30, 1945.
-
Working capital (the excess of current assets over current liabilities)
to $6,888,222 on April 30, 1946, compared with $4,269,243 at
end of the previous year, a net increase of $2,618,979.
Ratio of
current assets to current liabilities for the year ended April 30, 1946,
was 5.57 to 1 as compared with 1.35 to 1 :for the -previous year. ; The
increase in working capital included $2,529,322
from new financing
(referred to below).
Additions to plant and equipment, later discussed
In detail, represented an aggregate investment of $574,994 during the
amcr.nted
the
■:
•
Proceeds
will/be
used- for the
purr
based
^
*May 9,
peacetime"products/: areto keep our
plants operating at full capacity during the coming year.
During the
I In
1946,
rights
pany's stock at $12 per share
;
these
■cf
rights
f purchased
contract
5
■V
the
into.between
entered
them
r
'
company.
The .net PW>added to working capital.
-were
to increase production.
t
/'The
company's
mobile
6
•i,assets
City,
>
i
of
the
"
electronic
apparatus,
including
Traffic
pioneers in
Communications
1
Held
1
it
previously carried
placing orders with
now
•
is
indicated
■
sales
of
the
field
of
mobile,
that
on
?by the
us
Haistead
prove
stock
of $27 per share .on the $6 dividend preferred stock and
on the $5.50 dividend preferred stock of the
corporapaid on June 21, 1946 to stockholders of - record on June 17,
These dividends, amounting to $161,402 in the aggregate, were
of
account
cumulative, dividends
accrued
and
In arrears,
and
tho
r
«
INCOME
Cash dividends
<->
Taxable stock
-Interest
1945
,
on
stocks
/
:
lapsed
„—
....
from
-
$304,553
Total
-
-1,151
-*.^825
:
;
$90,883
!?-
30.299
$95,581
;r
.25,223s.
■
61/268
i-!^^^^;$34,267:.v
^^100,065^:^
$321/162
2,095/
.1'—.
;:v.<",
taxes--——— ,t*
26.430
,,
payabievunder. de-
benture indenture -!—b-
$97,984
2,080
-
-46,808 /-?.
Federal income
it 7,199
1.350
,
''
Profit before
$83',-405
4,058
r
options——
/
,
operations--
Cumul. divs. on 7%,
fy
7,959b
—
from
1945
$77,516
dividends-^.^i.--rU-—
■
1
M
-'
1946
Revenue
V.1946
STATEMENT, SIX MONTHS ENDED JUNE 3.0
Income-^-.
-
.Other, Jncome/(net
York
Railroads
company.
important
an
preferred
$16,157
)
BALANCE
.4,262,526,^^,087,628
pfd. stk. accrued and unpd.
railway and highway
for mobile .communications
this ? will
dividend
goods
Profit
the manufacture
Corp.- in: New
$6
——
^
;
of
-
activities In the field of
embraces
shares
J—
$1,745,664
$l;$20,489
'lln .; General expenses/—
sold—...———————————————1,269,232-,,.1,259,660;•»-» pxx)yision for Federal income taxes
t". Provision
FeHer*
Selling and general expenses
^ 157,978 ^- other taxes
147,294
^vision ior reaerai. income taxesNonproductive plant overhead, net dost 'of. operv-vi^r^^-fl
Interest on bank ;Ioan_-l!/.-i-___^__-_-- /i;_i_of ..dwomngs, .etc.-iJL.!-.—,—13,900
15,550
Debenture interest and. taxes
COMPARATIVE
communication.
The facilities of the Haistead Traffic Communications
Corp. .and most of its key personnel "were- transferred to/.the Fort
Wayne plant.
The jcompany is actively pursuing the work -in this
.
»
6,489
1946.
1946^ Mos':^1945
$588,195, : $3,999^737 j
$3,579,646
$697,138
v:,r p .y
and highway "signaling land
Haistead
of the
one
of
payment thereof eliminated all dividend arrearages as of May 1, 1946.
In
addition,, quarterly dividencs were declared on each series of
preferred stock payable-Aug. F, 1946 to stockholders of record June 28,
- •
Months. Ended. June 30-r-
Cost
communication equipDuring 1945 the corporation acquired the.tangible and intangible
went..
.
railway
total
a
.
;
postwar, program
communication
and sale' of
A
1946,
stock and 33,015 shares-of common stock of the
corporation.
shares of preferred stock so surrendered have been• retired.->■'
on
Florida .Portland Cement ; Cd.^Earmngs^'
and-the
financing,-$2,520,322,
on
d Pn Dec. 31,. 1945,
$24.75 per share
..
year
'
v
—V. 164, p. 420.
Net
During the
;
J?:I? pie,1shiire^ coinnion ^tock outstanding
^^ a^®2 j^J"^0^
l tion were
"
the
ended, April 30, 1946; - the -company purchased an
additional manufacturing plant
located at Huntington, Ind.,1; midwky
between its Fort. Wayne and Marlon plants. This new facility, aggregating • approximately 20,000 square feet of floor- apace,-will1 be used
-
.
Sales
com-
issued, to its stockholders and 96.%
remainder of the stock being
were
exercised,
were
of
shares
219,571
-
•
Dividends
362, p! 134.
July 31—. - y^1946—Month-^1945 V
Period End.
by a group of investment .hankers-ln^ACCOrdance with p.
Ceeds from .this
v
purchase
to
•
.
year
February,
Corp.—Quarterly Report—
on June 30, 1946 was $5,824,619
income and other taxes- Of;$525r00d on. the
ferred
-All
(M. H.) Fishman Co., Inc.—July Sales
/
the company .repaid all borrowings under its RegulatJon-V revolving credit agreement and this agreement was terminated.
'
456,028
114 shares of $5.50 dividend preferred stock-were
surrendered,/
together with the waiver of accrued and unpaid dividends thereon, iti
exchange for 6,603 shares of the new $4 dividend convertible pre¬
1946.
beW.—V.
'28,603 1
and
First York Corp.—Merger Proposed—
Bee Utility Equities Corp.
on
Under
y'/,
behalf of William C. H. Finch.—V. 164, v., 682.
for
:f
was $2.9.4 per: share,the shares of common stock outstanding-at the end of each
1;
:■
- - :-r.j. • *.£<■■
r :: ' ■ y-'<
the Exchange Offer dated April 17.-1946/-Whidttf
expired on -
period.-
:
August offered 2,000 shares of capital stock (par $1) at
market (about $13 per share). The stock °was $old oil
■»
orders
Unfilled
-
;. v
total, net assets at market value
l.®® 8,?11
f fQ?5 £^1^„4®'1:
,
year,
33,952
-
'
Finch- Telecommunications, Inc. New York^Stoe^
Offered — Littlefield & Co. Providence. R.. I. early m
7
J
N. J.
23,521'
-V
■
-
Fiedel-X.
i
s
East Orange,
1.125
.
26-
;
52,762 f
10,548 :
12,003 '
67
1,569 I
■
^
5hare.;- Underwriters,,MauriceaWelch;'Belleville^N. J.f and f
a
Secor,
:
906
unrealized net appreciation of investments.. After.deducting the bank ;
Joan, outstandings in the aipount -of. $1,900,000, v the.. baiance>of; assets
.equal to $311.77 1:perv^are^pffpTeferredHst6cfcV;After^^urther^^>
chase of real property, chemical equipment,-salaries,v advertising -and
sales promotion of the products Fiedel-X Termite
Kijl, Fiedel-X Mpthproofing Compound and others to be devei6ped-uhder"thei trader nahie
$8,394,121.
:to
H.
M.
V 4,137769",
'
-
47,220-
^
w;,
_
follows:
as
amounted
1946,
30.
April
at
assets
v.";.-f'l;
■1
126,441; 38,494
61
>
143,914 <
6,491-:
•
;■> >
-
,
^
3,472.
2,350:
:
:
-
Canada.
after allowance; for- Federal
if The company on Aug. 15 filed a letter "ot notiftea tions with the SEC
for
1,250 shares of 6%
cumulative preferred ($100 par).'r Offering
Farnsworth Television & Radio Corp.—Annual Report
—E. A: Nicholas, President, says
.
:
and
IK 954^.
General Public Service
The
-
Fidelity^ystem,^e.i Newark,
/
,
U.-S.
<
.truck
' Aug. 17,'46
10,385
•
8 042.
593
Canada-_1.^
Total
>
"*
'•V
P. 2659.
•
-777 •
Py*fj'f.r:-*"
The Chaw National -Bank'-.of 4he -City of New /York ' has. been/ap
ppinted .transfer agent ior -the,capitalr$i.par value fstockifrrV,/161;
Aug.: 16 filed a letter, pf notification with the .SEC
common on behalf of Harold W. Ross and
Jules
on
11,768
Inn
8;i30
n
;*
^
"
i^rF.164,
Publishing Corp., New York—Files With SEC—
F-R
f
.Trilnlf
-Truck
-L
JAftfer
of $25,000/
years
49
' /,,
and
car
Aug. 17/46 +Aug. 10/46
^OMC^Truck 'df Coach--Trucks_~Z~
v
"
—'Coaches—
GM
for depreciation of- $364,041 in -1946
and $458,168 fin 1945.
§ After deducting-U. S. Treasury tax" savings notes amountirig to $20,000
strikes
-
.
!
.
j,......
reserve
supplier
figures for
'■/"/'
■'
$11,338,429 $18,"913,I16 ::
*Revised figures.
•
1,411.991/
•
Federal Bake Shops, Inc.—Trensfer Agent—
The
\
^8,555^34/U/2f782U82.^.roidsOTobiie^!::i;^^^.^^:^:£:r:r''!^^-803,J
!«^2,454;i31:iri:'l,977,9^2^^Buick/U-!;,^^WS^iL^^>.i4^^;^::'':4A04/;
Total ij
.
experience of preceding years is a criterion, second shalf results should
be better than those of the first half, Mr. Straus said.-»~Y. 164, ,p, 826,
:>
..^°JJoYing. 13 a tabulation of production
CUVlSlOn:
Capital. Surplv»/4a-^*~-i—j--—£;-
list of distributors
30,000.
>. "i
to
for the
previous week.
Of last week's
thd .United States and 14 in Canada.
in
*
Earned surplus
first half of the year- are expected to be. more
than during, the similar period of .1945 and, if
the
higher
with, 72
were
renegotiation568,601 V 3,020,798
Common
through leases on
Island City and another in
nounced that 9,000 dealers had been added to the
capacity
for
to this time
up
50,000
production:Contingencies-u-_^,^-w^..^-i.^--!.
products," he stated.
.revealed that it was doubling its plant
two five-story plants, a plant in Long
Chicago. More recently the company an¬
filling all the demand for our precision
Last
>
provision
ing advances by the licensee for research—
Reserves for /postwar rehabilitation 3 and ' war
rati of production,; we have npt
-steadily Increasing
a
and
years
produced by GM
21,503
,
Reserves for credit against royalties which may
accrued under a license agreement, represent¬
,
been
80,046
;
-
refund.
demand for the new "CA" (capillary action) > pen
■which
the
company
introduced earlier this year has
contributed
measurably to the sharp increase in sales so far this y®ar, Mr.
Straus pointed out.
'
' '
•
•:./5i;6i9;,
capital stock tax accrued,—,-———n
Interest, etc., - accrued-,!,
JFederal taxes 1 onincome of the current and
i'385»9°3
the
'^ls? * >?arked improvement, lri GM's , truck prbduction
eS^t,e4AW-17*oroi,we<i wW»
K
128,277
/
Federal
public
Heavy
-accrued..—,..-,i.—-
pay
2,911,475
.
42,589
Kith
?Qd?0mpared
$6,000,000
$843,091
and State
Vacation
.,12.;wonth5rMartin L. .Straus ft, President,
20.
'.•■-< For the fiscal
: •
current fiscal
the
preceding
Aug.
on
of
months
NTonday, August 26, 1946
BALANCE
SHEET,
JUNE; 30
-'-■'■ASSETS— '
U.
are
S. Government.
Accounts
equipment ahd
branch, of our
'JvUl;"B/:JDov«rnmen&J f 200,909
in,banks and
Cash
receivable
Inventories
—il/—
prepaid expenses,
Investments, etc
Supplies,
r
*1 '
INCOME ACCOUNT FOR TEARS' ENDED APRIL 30
'
-
i
<
.1946
Plant,
*1945
.
properties and
■
-
Net
sales,
inc.
from
royalties and
.'Contract termination
license
fees-
claim*..»;* r.i
$12,283,131
Total
$20,325,318
...
iCost of products sold, engineering, selling, gen¬
eral and administrative expenses
fv'
"'v.
Balance.
.....
.
...
Federal
v!-'
■Hi I ."J ■1
disposal of equipment-'
goodwill—Radio Station
on
1 'LH'JI'
^
3,145
175,273
258
11,054
WGL———
'
.45,878
6,432
134,000
Net income after taxes—
Return
to
income
habilitation and
/
created
of
—V.
for
postwar
come—less
$885,593
related
tax
•Revised
figures.
reductions
by
the
paid.
No
to
accelerate
'
provision
xqfunds
has
been
made
for
tracts
Price
absence
Adjustment
of
Board
further
plated.:- /'/y/yjv.; • '**■
has
amortization
,
profits
excess
■.
...:
,.
..
.
of
the
developments,
no
\-y'':yy;
u
the
refund
assignment
further
for
the
J
Cash
•.
" J-*
■■
V'"
'.v
'
*
N,
k
.
Vtt-i
»'!
surrender
rebates
of
life
insurance.——.—.
—
patent applications
and research
charges
681,847
y
6,807,197
was
WGL—at
cost
17,612
8,121
10,346
7
9,257
10,749
1,121,654
(less
246,666
!—
183,513
25,287
—
—
—
on
and re-elected all
also
elected
a
Aug. 20,
$11,338,429 $18,913,116
cents
Vice-President;"
*-
v*/-1-.
v
-
•
.
ahd
the
However,- General Mills fulfilled
- '
- ■ ->■" -1. /
•
every contract itr had to deliver'flodr.
—
163, p. 3284.;
'
,
until
caused their .withdrawal from'the market.1
progress
the
progress
includes
on
-
is
in
projects.-
but
v.-
-
>r;~
j
*
/-
•.
v
flour
mill
at
Lbs
*
;
^
Angeles,
cereal
■■
■
■■■
;■
•■•■;-
v
v;
pother
Increase
has
actually
'
•
~
p.
954.
';
General Motors
"
'
shown
'
decrease
a
"
-
"
1
only shown, no
recent years.—V.
•
'
*
>
in
164,
continuing
show
to
steady
by
General
for
improvement,
the week ended
President, said
>Total
Motors
on
passenger
17 week
This
year
to
was
date,
in
the
car
production
23,194
over
production
of
passenger
States was increased by 2,081
the previous week, C. E. Wilson,
7
by GM in the United States in the
compared with
GM has
'
,
"
1
/
/
Sept.
turned
out
21,113
292,938
for the previous week.passenger
cars
in
1;he
j
'
v
.
& Rubber Co.—Sales set
Record for HaH Year—Earnings Highest in
Tire
Peacetime
History of
vOlup^ny
With
net
for; the first
sales
of
earnings
the
half bf 1946 setting a peacetime record,
for this period were the highest in its
company
history, P. W." Litchfield, Chairman,. announced. Aug.: 19
a:;meeting of the board of directors.
earnings
^.Consolidated
$4,000,000
reserve
for
carried
per
with
foreign
for
compares
when
following
earnings
of
$7,509,868,
This com-',
to $2.90
equivalent
number of common shares, for the first half
The earnings reported for that period were after a $2,500,000
share
1945.
of
consolidated
:
earned surplus, after providing a
investments, 1 amounted to $15,088,189
to
equivalent to $6.59 per share of common stock outstanding.
pares
reserve
United
Aug. 17
Aug. 21.
■
•
-
Corp.—Weekly Output—
13.
Distributions of 75 cents per share were made on this
March 22 and June 29,/this year. Payments in 1945 were as
March-21,: June 15 and Sept. 18, 50 cents each; and Dec. 21,
*75 cents*
' •v. +
\
~ •
**/'' * ■* ^ ^!,
«*v' '/ u(\ x,,\ *' ,s ' ^•»+ *** ^
The usual quarterly dividend of $1.25 per share on the $3 cumula*
tive preferred stock,
no par value, was also declared, payable Sept.
30 to holders Of record Sept. 13.—V. 164, p. 556.
ord
,
Corp.—Output Shows Improvement-
cars
Bici^^tock Offeiu^
issue on
on
the- same
property adjustments and contingencies.:'.
Consolidated
cars
;/■:/m..V
■;.
■-,.
order/
extraction
80%
The Increased use of mechanized equipment Is
planned, since
one of the few commodities which, has
npt
cost
169,130
follows:
"
plant at Lodi,- Cal.; organic chemical plant at Kankakee," 111., enlarged- ?
research
facilities
at
Minneapolis, three soybean refining units at Belmond, Iowa, remodeled general office building at Minneapolis- and
other
,
.
»■
The directors on Aug. 20 declared a dividend of $1 pet'share" on
the common stock, no par value. payable Sept. 30 to holders of rec-
Goodyear
.the pompany's $$2,000,000 expan¬
new
a
$4,433,417
;-.T
The electric output for the week ended Aug. 16, 1946, amounted to'
127,250,533 kwh., an increase of 18,549,405 kwh., or 17.1 %, over the
corresponding week of 1945.—V. 164, p, 954.
/
\
-
Is being, made
which
program
;E
J
■
Good
920,786
^-
t
Family flour volume was severely curtailed as .a. result of the/80%
extraction order.
Volume gains were made on our three ready-to-eat
cereals—Wheaties, Kix and Cheerios. r. Bisquick and. ,Softasilk Cake
sion
1,095,838
58,395
.
(B. F.) Goodrich. Co.—Common Dividend Increased—
'
*
-
The shortage. of grain over the-past months forced both millers
bakers into the position of
beJng unable to supply the demands of
American public for flour and bread. ■
making favorable
-66,989
par)„-_____/.
General Public Utilities
./
were
20,000
70,290
:
—
954.
p.
named one new director,
-
Flour
$,600;
660,300
J ^t
officers of the company
the
of
l,238,8(fo
-■
$4,487,861
(10
General Outdoor Advertising,
of
Aug.
Total
589,900
shares
5,899
; —Blyth & Co., Inc., made a secondary distribution Aug. 5
of *44,300 shares of common stock (no par) - at $24%,'
with a concession of $1 a share to dealers.—-V. 164,
,
stockholders, at their annual meeting held
10,605
1,269,541
137,635
—
Vr
«
'
.Highlights pf the report made, to stockholder? by ; Harry A. Bullis,
'
1,253,983 <1,071,113
Station
amortization)
Deferred
21,488
3,641,367
costs
(less amortization)
Goodwill—Radio
-
71,977,664
2,560,028
value
—V.
2.000,000
par)—
J--.-.v-
Total
;
-
(first-in, first-out)
Traveling and sundry advances to employeesSundry deposits and claims
♦Property, plant and equipment
Patents,
2,110,000
4,281
market
' !T' m'Y'-
with the ex¬
Sydney . Anderson, formerly Vice-President: and .Secretary,
who retired to accept the post as director.
In Mr: Anderson's place,
the board'elected Edward K. Thode as Vice-President and Secretary.
Whitney H. Eastman, head of the Chemical Division of General Mills,
•1945"
$3,219,440
265,530
claims and
contem¬
1946
$1,886,619
1,700,000
♦Accounts receivable (net)
Government
is
APRIL 30
-
depo§it, for deposit, and office funds_
Treasury ctfs.—at maturity values—./..
Accrued "interest
or
action
and,'in
■;■•:■: .■■■/:./■.-
on
Inventories—at lower of cost
tors met
cost- of
have- been
stock
Earned surplus
Secretary.
The stock¬
the by-laws govering the
ception
years
renegotiation
canceled
BALANCE SHEET,
ASSETS—
U. S.
,
/ V,
-ft.' \'V
95,840
ended April 30,
1946,
since the corporation has been advised
that, after review of the information submitted with respect to profits
applicable to renegotiate business during the year, the War Con¬
S.
'
$343,393
prior fiscal
a
....
.
■loah'£-^-.^.----'-—-!ii':B--!i.'>--r-t-.«^l,900,000
.
.1
all
.......
.
;^%japitalv
:■-;
Ac-'
*-»> ' T "
?
104,965
>
for
,
$4, dividend conv.- series, &603 shares-----!—#t
Common
Franklin Stores Corp.—July Sales—; :;
>
.
*
1946
1945
J—!!:,;'$i;773.l77 //■$i;7?5i538
The common
year
U.
-
$221,129
:
corporation
NOTE—Renegotiation
Cash
;
holders also passed three amendments to
composition of the board of directors and the executive committee./
Immediately following the-stockholders meeting, the board of direc¬
.\
,
.
$5.50 dividend series/A6; 8har'eSZ!/!.--.-;i!!l!-:
«^
Sydney Anderson, formerly Vice-President and
facilities acquired at 'cost of '$538,277.-have been
from^the accounts at April 30, 1946, as a result of the
eliminated
election
-V;
dividend series,
$6
760,802
•
^$5;4ii;25l'''.i$5,I86;ijl2'
*
2Va% -.bank
-
Dr2,900
,Dr2,900\.
$ Dr691,929' Dr691,929
$885,593
war
such facilities.
•
Preferred stocks (no
v
Moqth Of ,July—>
Sales.
Cr375,000
IReduction resulting from unused
."
LlABILITHSS-v
.
Accounts payable—
1,100
General Mills, Inc.—New Director and .Officials Elected
Expansion Program Progressing—
$476,189
.
Fmergfency
.
5,000,000
-
.1,100
;
-946,606
163, p.-2436.
'
profit
credit.
■
861
44,304
5,000,000
par)...,,:,-'
no
surplus
'
Deprec. and amort, of plant and equipmentAmortization of patents and research costs!!/
the
(net
years
($ 100v par
shares
—V. 164, p. 277.
re-
11 Includes:
l
taxes—prior
(75.000
re-elected all 14 directors of the company and
Net
V--
?$5,186,112
$5,411,251
'
war production contingencies,
in
prior years by charges to income,
to offset, in part, costs (estimated to exceed
$950,000) charged against current year in-•
; /
v-1--,'--
-
-■:■■
■
^
2,490,668
$101,189
——
reserve
'•
#otal
"
il2".916
tCrl4,000
;
".45,878
y
.
t
•
-■■..■
•
-
Treasury stock
!
Pisct. and comm<-Jn connec, with pfd. stk-i etc.
238
270,835
stock
Earned
t''
$3,810,825
*
expense
Normal Federal income tax: and surtax (est.)-Excess' profits ?tax/.
Common
'
i-
of
less
■W
income
/Preferred stock
268,931
$557,533
,
..
$3,541,894
283,798:
;
■:•--.i.^
r.■
.
•
——-—
———
,$33,920,947
$273,735
Credits—
;
Amort,
Total
20,051,582 '30,379,053
Total .income
yyy
Cash discounts /allowed on jsales-,-—
i
Interest ;.and ..■exchange-i,'-!.—-b-b—. '
Loss
/
,376,678
.
-v.
.........
——
Other income And
Credit
$33,544,269
...-8,042,187'.
.
-
-
.
t
with
wartime
net
sales
for
$407,991,835
business
was
the
for
near
half-year
the
its
were
)
7V/:.
$282,736,171,
which
corresponding period last year y
peak,- and with $152,931,046 ih/r:
previous peacetime record first half of 1941..! ; ; '., ::;
".
"Goodyear's 24 rubber manufacturing, plants are now entirely re¬
converted to peacetime operations,
and during this half-year have 7:
the
a
steadily
approached maximum production,"
mand continues
•?
Commenting
to
on
Mr. Litchfield
said.
"De- v.:"
exceed productive capacities."; y .j>
the decision of the board of directors to provide a v ".
tVolume 164
mLL.^ *'V
Number 4519
'":* <£ "' ".'Vy*.*.
-v"
1083
** •'■•
■
IMM
#*serve
:of
creasine
creasing
IMJMMMM
I
|___^^__
^4,000,000' Mr.view,,of,
nhrnori
reeiilntinna
regulations
company's
this reserve
u-hieh
have
mav
effect
adverse
on
in-,.■■;■■
the...priccj,'5?^5-l2xiMtSvm!l 33*per
approximate;i„ ufi'
offered, is
the
foreign
r—*
effect
m
,
w
'development' program,
share
The
directors
a
expressed
..
.,
belief
it
will
be
possible
from
Working capital oi me
"v"""8
uapjtui
uooayear aire
$158,000,00 and the ratio of < current
^?^r°xi01ately S to
e Qovernmbnt
bv
y
«
nuuu»
to
assets
current
EARNINGS
contracts
wasrepaid.
■
—
FOR
SIX
foreign subsidiary! companies)
TTTXT^
■
"V
'v
..
.
:■i
;
1945
;
$
Net
sales, incl. expend. &" fees utider cost plus fixed
fee contractsOther / .Income.
■*>
(
jcftg
1944
$
$
.
k«v««
w-i-------.
-Total
income
w-i.—
,n,
1,751,254
nn-? ms
284,487,425 409.827.672
204,508,57.9 332,850,091 322,364,983
Deprec. & amortization
provided__
5,444,949
8,149,412
5,687,25.9
Selling, admin. & general expense33,141,979
28,390,136
25,844,006
Interest on funded &
other debt—
822,135
1,347,039
1,125,280
Diva. & «quity in
undistribr earns.
'r-'r:/;,'■>■ -»• i "J of subs, not
wholly owned-——
741,629
-/V 277,958
374 884
Cost
of
r-4—-
the remaining outstanding stock of the Harrisburg Con¬
Brewing-and Bottling Co.f,liquidated that .company, and con¬
ducted the business as an individdai enterprise.
•
*
f
43A7c
*
;
2,500,000
2,500,000 '
Co.
4,OOo",6o6
15,088,189
7,509,868
:7,491,07#
1,519,635
2,573,199
1,527,135
1,530,885
-—-
No
oapital'funds
new
T
(Incl.
Domestic
BALANCE
SHEET /'*
J
J
^
'
'
contributed to
.C'SUMMART
V.
are
the
v>•
v..,cir,PRs
business.
•
v-
E« H.; Rollins & Sons. Inc.,
-
-
,
^
OF, EARNINGS
■
May 25, '46
Federal
"
excise
1945
1944
1943
$1,867,504
*
737*268
$2,080,279
*
824,036
$1,765,210
667,860
$1,691,974
taxes:-*.
and
-
/)-•';
.Balance
Cost
.
of
net
sales^
$1,130,236
of
products sold:..
Expenses
$1,097,350
$1,256,243
the
$1,063,815
679,332
205,835
763,505
659,186
224,235
665,663
Other
of
$245,069
income—'
$268,503
income
?
iTpjta4.« Income
Other^deductionS -X-V-
v
•.Net profit—V.. 164, p. 278.
i
-
v
•.
'.
....
<
r
Total
—
i
LIABILITIES—
Accounts
payable
bank
Foreign
*
-r- 5
18,580
134,658
$40,040
.
•'
.
overdrafts^::-':—.
JProv. for U. S. taxes and
reneg. of war contrs.
SProv. for
foreign taxes & reneg. of war contrs.
Advances and accts.
-
;
ernment
-
% l#t
f
payable
contracts,
mtge., &
Series. A,
per
collateral
due
Dec.
under
U.
8,842,528
9,287,761
15,
Capital
$[. Earned
-p
surplus
-
:___„r>r,
———i_:i
surplus
par)
—
i2-.
'
r.
■
depreciation5
$166,728,127 -in -1945.
v
SGordon
i
The
79,005,235
68,009,880
SEC
company
for
1946,
• $5.443,274.
of- $170,855,219
in '1946, and ;
Treasury tax notes, 1946, 652 846
SAfter tax reserve
certificates, 1946, $200,250;
ceeds
5,'i
shares
on
22,500
wiil
be
Aug.
shares
a
607.854
12
filed
shares
164,
letter
a
of. common
and
share
no
par,:
278.
p.
continued
not
of
$5
preferred
a
and
share..
distribution
of
*Net- income
applicable
stock
to
the
of
2,941,104
^S
-e&rned .per
share_—
Includes equity
#T^hJde?^auitv
inciim
William
Pro-
been
O.
elected
Sheldon
The
SEC
be
company on Aug.
2,000 shares v»
nuuvs
of
of
to
Walter E.
$17,500
stock
$8.75
or
the
on
brokers.
New
.Sale
filed
capital
per
stock
of
letter
a
stock
vi/iw"
share,
to
who
of
(par
«»•«♦•
notification
$5).
»•"»,
with
Securities
$3.17
Wardwell
has
indicated
he
will
V Period End
to
—
Ditmars
employment
is
in
accordance
has
been
$1.52
named
the
•
agreement with the
3417.;X. •.^"v',,
.
company.—V.
$296,138
originally
as
filed
and
also
to
preserit
•
•;
certain
which
issuance/of
Issuance
,
companies
its
stock
JVb
Ol/UfiV
-
-
'
j
-
[Hayes
has
outstanding
875,000
shares
of
„
stock
common
Chairman
of
the
Sales—r
*
As
has
,
Executive-
ji
.1946—6 Mos.
S5 009 177
-1945
$34,523,815 $30,920,185
,,
*
both
to
and
present
prospective
Hayes
stock* *■
.
pointed
in
out
opinion
our
in
the
Matter
Universal
of
Caraerk v
Corp., the Commission is without authority to pass upon the merits of •
a security,
but it does have a duty to require those who propose to <
offer securities to the public to disclose plainly the facts an investor
needs to-know to make an informed judgment concerning the nature ;
and quality of securities to be offered.
The Commission, therefore^
subjects all registration statements to careful and critical analysis *
as a result of which many
clarifying revisions are made and addi¬
tional facts disclosed.
The Act leaves it to the investor, on the basis '
of = the facts disclosed
oi-me iacis uiauuacu in the registration statement and
prospectus, to
V,
i„
fhmnnpw
in
J
Judge for himself whether he wishes to invest his money in ltha
LJnanv wV,n^ s^rurities are being offered,
company whose securities are
in
K»«v
—
,
•
na^wo
Gulf Atlantic Transportation Co.—New
of "interest
holders.
President, etc.—
wThe company,In-July, 1946,
145 stores in operation, as against
smres in
.
146 In the same month last year.—V. lee, p. m- »
163,
>
as
this
of
1,060,000- shares *
outstanding... The management collectively owns 901 shares.]
The ;
acquisition of American stock was decided upon by the management
without submission to or approval of the Hayes
stockholders, which *
latter action legally is not required.
The recent history of American is
-
$469,682
1946—Month—1945
-iSfli
^
deficiencies
statement
standing.
,
—
..
,
to
---
stock*
"
; -•;
.
;
•
and after giving effect to this proposed issue will have
'• 1 '
3285.'
.*
-
sell
with
July 31
'r•
price
Exchange, at market, through registered
Mr.
p.
(H. L.y Green Co., Inc.—July
the
are
—-
private offering at-a
a
was
~
-Files With SEC—
pitmars through,
York Curb
of
option provisions
p.
15
lor
sold
were
are being
acquired by Hayes through =*■
presently to y — — . offered to the public.
,be 1$
j
1.V,
4
should be noted that Hayes hafc no 10% stockholders and that +Y,
the stock
is
widely' distributed among some 2,000 holders,
the
management ,*!
holding less than one-tenth of 1*%* of the shares' to be presently out¬
2,849,802
McKay, Vice-President in charge of Manufacturing,
President, to succeed the late William A. Whitcomb.
E.
(d) proceedings
correct any deficiencies still existing in the registration '
Thereafter,, an additional amendment was filed on July '
which reflected certain changes in the answers to several
1946,
subsidiaries,
4,443,547
3,085.737
t
»
•
certain exhibis-
made a part of the record in-the section 8
1946,
therefore
Committee.—V. 163,
Gray Manufacturing: Co.
certificate,
,
items,
numerous
developed in the proceedings hereinbefore referrd to, particularly
with respect to the recent history of American
Engineering Co. and ite
1,520,286
9,870,469
Great Northern Paper Co.—New
general
accountants'
in
>
Act
mis-
facts
Grey-
COBrtmiOft. AUB,,v-OUv
shares •■outstahdihg__^--u--:-w*----'
.
facts
the
tration statement may now become effective. We deem it in the public
interest, however, to comment upon certain deficiencies existing in the
353,101
$12,811,573';;-.. $5,963,834
-
?
the
material
of
registrant,
XX'X'XX/-\
registration .statement
.
thd
with
statements,
state
-
preferred.
underwritten.
sale
2,411,927
XV. 164. p. 421.
of
to
April .24,
on
(d)
8
the
existing in each item and portion of the regisalleged, in the statement of matters upon the
proceeding.
Since these amendments also substantially correct all the material deficiencies proven to exist in the
original registration statement, we have determined that it is not
necessary in the public interest to issue a stop-order and the regis-
'
-
Commission,
amendments
13,
the
"
shares
was
tration
1,340,159
^03,065
3~45~9i2
in net income
in
applicable to
Pennsylvania-Greyhound Lines, Inc.. 50% of
the
Vdting/sto'ck of which is owned by GreyJbouhd Corp.':'Xr__—l-X
ttRepre-
notification
3,000
and
for
merchandise. /; Issue
"
.
par.-~V.
omissions
and
substantial
15 ,154,176 '
N^t. "income applicable to stock of subsidiaries
^consolidated, held by public--
S.
no
common
used
^profits tax._—
taxes___X—
excess
income
f
n
iftfi 7QR
8,185,798
~
-
•'
Offering price, $2
•
•
-
Federal
Mail Order Co., Inc.,
Baltimore^Files With
r^'SEC—
•
.
11,762,696 V
60,785,400 > St,ate
10,997,032-X
19,545,255
ir/82aOr720.39^279.553.682 J
$6,270,535: 1945,
debts,
XAfter U.
$1,246,550.^Represented:by?
by 2,058,677
..
•
-
and ^amortization
-3
310; 1945, $60,034,776,
^1845,
Rented
i
;(
4,047,916
.
»2l.M6.M9 *2S.22W»0
——
deductions
-
the
furnished
disclosed that the number of shares of Hayes stock to be
in exchange for American stock and
subsequently to be offered
public for the benefit of Kleinman et al had been reduced from
215,000 shares to 183,000 shares., .t,/.;>••< 1
A
JBy the successive material amendments filed after the institution of
these proceedings, the registrant has freely admitted the existence of
$20,111,600 $24,300,931
1,834,748
;
922.200
Federal income taxes—
taken,
matters
items-and
3,785,416
.
for ;bad
..tAfter
:L——
icofne
Income
J
.
was
of
to the
—
———
v
issued
1945
—$81,049,681 $75,646,104
57,152,664
47,297,256
revenue——
——
18,891,596
60.785,400
10,997,032
19.545,255
-—
operating
.
testimony
commencement
■'
V rfAdter rriBsema
Net
Other, income
..
36,090,000
-
(no
...
12,
1946
-
-
expenses 1::——
•Totrt
1964—^
convertible preferred stock
ttCommon stock (no
par)—
-
<
36,090,000
Contingent and miscellaneous reserves.;
23,070,310
shareholders' equity in subs,
companies .12,162,854
1($5
Minor,
^
,-.
15,526,485 '
:
3%-2%#'"'bonds:'w
revenues
Depreciation, ^-::::::::——-
6,597,204
Gov-
S.
contra:—i—i—
trust
Operating
Operating
$25,149,946 $28,931,200 t;
1,931,136
3,852,936
2,416",934 J
-
:6 Mos. End: June 30— :
state-*
of Hayes
necessary to
statement.
•
•
Greyhound Corp. (& Subs.)—Earnings—
-$290,720,393$279,553,682 "C
:—
:
j
shares
.
stop-order proceedings under section
statement
a
tional evidence
—„
,
amended.; The
-1
filed by the registrant on April 26,
1946, and >
also made a part of the record and certain addi¬
taken, the record being closed on May 13, 1946.
On May
23, 1946, the registrant advised the Commission that itwould not request findings of fact of the trial examiner, that It would '
waive the right to receive a trial examiner's report, at the same time
expressing the desire and willingness to file such amendments as were
May
$193,278
$59,559 "
$65,633
*
prospectus.
Material
3,213
11,8861:
195,621 >-:y, 169,617
;
$92,068
—
$241,062
$271,998
ir 10,744
15,532
141,000
the
ination
$190,065
2,416 ;::x;
;3,595.
.,
$248,601
>2*
Taxesr pn income_>»__i.
,
3,532
t-a
InventorieS^::i:^i^i_:_iiLJ_:—101,849,446
$238,646
1933; as
offering of 215,000
to be first issued to Eli I. Kleinman, *
o«cnni»tM in
Ackerman and associates in pxr.hamre
exchange
*»
CThe hearing was convened on April 29, 1946/at which
time, bf }■
stipulation of counsel, the record etsablished in the section 8 (e) exam-;
-
.Balance
in
financial
and
199,516 *"208,088
—-
instituted
statements
i
.
extensive
1946,
*
-*■
:
were
*
Jennis M. Doroshaw, Johann S.
for all the outstanding 432,000 shares of common stock of- American
Engineering Co., The Hayes shares were to be sold for account of
Kleinman et al through Laird, Bissell & Meeds, underwriters (since
withdrawn)-,at the existing market price on the New York Stock
Exchange.
(On March 29, 1946, prior to the effective date of the registration
alleging,
628,159
v
.
Act of
public
which
•
After
,
Securities
proposed
a
-
,
statement, the Commission directed that a public examination be held
uhder section 8 )e) of the Securities Act oi 1933, (n order to determine !
whether a stop-order should issue under-section 8 (d) of the -Ad.
incl.excise
.taxes)..
to
common stock
V
,
:
registration statement with the
a
..
'
—Years Ended June 30-
July-1, *45 to
N^tsales
Foreign Subsidiaries)
June 30,'46
Dec. 31/45 '
Gash
$46,249,646 $44,925,568 '
U. S.
-Treasury notes_„.
12,143,704
•Accounts and notes
-re(*lvable^:„^:-:.-w- • 46,979,885 35,965,702
f
Terminated^ war: contracts
claims^^ receivable—
2,636,246
14,267,254 :
813,115,125 T
•3 Cash and
reimbursable expends, under
U, S.
'
,X ^,
r.l.'i Government
contracts,: per contra
9,287,761
15.526,485 ,
/■■ Mlscellaneoufl
investmentsX—2,326,227 ' ? 1,088,224
Postwar refund of
foreign excess profits taxes
1,414,690
1,162,942
vi
tProperty "accounts (net)
78,701,231
70,049.072
Goodwill, patents and trademarks—"
1
>
■/''' i;
^Deferred charges to future operations
1,275,260 " 1,309,605
ASSETS—
win be
^.UNDERWRITERS—The -underwriters
and Stroud & Co., Inc.
-
•
($2 par)
X
2,058,559
2,058,559 I
share
$6.59
$2,90
$2,89
postwar credit and in 1944 includes provision* for •
tProvision for-renegotiation" of war contracts
deducted.
CONSOLIDATED
ment related
PURPOSE—Net prooeeds will be applied, along with other company
funds, to* the payment'of the'balance Off the principal of and accrued *;
funds, to
payment
interest on the >UIJ|UUV note held
liibere&b
mc
$673 000
by the Fidelity-Philadelphia Trust-
;.
:
as
1
27, 1946, corporation filed
Commission under the
33,000 shs.
170,000 shs.
3,672,618
common
f
•
33,000 shs
170,000 shs
620.000
'='37,620,000
pfd.. stpck——
renegotiaiton.
$350,000',
$350,000
par) :L__l—:f.
•
3.653,168
^SAfter/deducCing
V
50c
On Feb.
'='25,150,000
'
i~: Profits carried to
earned surplus
Dlvs. on $3 conv.'
•
debentures.—
stock- ($10 p$r)
pfd.
stock
Outstanding
6,316,965
—.
-
cumul;
registration statement
Commission follow:
14,425,000
Provision for foreign
investments--
common stock:
PRO FORMA* CAPITAWZATION
sinking fund
6%
Common
.
Dividends on
Earnings per
i
Authorized
-
V. S. inc. and
excess profits taxes-..
Foreign inc. & exc. profits
taxes—
provision for
contingencies—i__
-
amended,
following lengthy hearings, would become fully effective
at 5:30 p.m. Aug. 26.
The findings and opinion of the
sumers
^^80,108
sales
announced that the
purchased
40*'™2'2q(>
.1,972,290,
1,835,837
above
,
.
-
282,736,171t407,991,835
and
over
i
MONTHS ENDED JUNE oa
30
and
extra dividends
■^efrtefwfeiovthem
regular dividends will depend entirely upon earnings, after due con¬
of $ 111,527.50.•
sideration has been given to the machinery program.—V, 156, p. 782.
ORGANIZATION AND,. HISTORY*-Uompany,which brews and sells
slc,erawon nas oee« giyeu w
»».««.«—* ir--------,
,
fermented malt beverages, was incorporated in-Pennsylvania July 6,VV /„
■
ManiifartiiHtiir Torn —1<^FC T>ron«s Ston-Order
1937.-v The* present a business; was Started In ..1896-by -the Harrisburg ,» «ayes
Manufacturing
P.® ^>t0P
^
Consumers Brewing and ouumin Co. (Pa.) in which Robert H. Graup-lsumers nrewirig unu Bottling ww.
Action—The SEC On Aug. 20 dismissed its stop-Order
_T
*
w
ner owned a
majority stock interest. Prior to that time Robert H.
proceedings against the registration statement filed last
Graupner- had, been -continuously associated with the brewing busi- '
February by the company. At the same time the SEC
ness, beginning ln^ -1830. -Borne time after 1896 Robert H. Graupner
at „ai) ..aggregate/
.
(Including. domestic
•.vy*.uy.
Vnrifnvin»iiii»lv",7
Unties,
1.' During July the balance of' cash •> advanced
for mr production
provide funds
working capital
to
present
.
to
STOCKHOLDERS
President, Etc.
OF
AMERICAN
ENGINEERING
CO.
fill I.- Kleinman is President and J.ennis M. Doroshaw and Johann BL
are
Vice-Presidents of
American
Engineering Co.
They
and their associates own all the shares of common stock, the only :
class outstanding, of American.
With two minor exceptions, all their '
associates constitute members of their Immediate families, each family
having rougniy a unu •U1UU. uibV/A vuw*
roughly
one-third interest.
All American shareholders have
4-t
designated Kleinman, as trustee, to represent them collectively in :
disposing of all the outstanding shares of common stock of American ;
in= exchange for 185,009 shares of the common stock of the regis*
■
J.
,
purchased for their
of
)
18,500 shares of
$9,527.50
Transfer
Agent:
..INTRODUCTORY—The
promoters
agreement
and
own,
or
company
Secretary;
own
A.
at
the
present
time
W.
Haggerty
who
are
associates
of
Codrington,
is
the
V.ice-President "of
Motors Co., Cleveland, and
Transportation Co., New York.
An: .executive
committee
was
appointed
consisting of Commander
Coppedge and Messrs. Bateman, Williams and Fincannon.—V. 164,
p..954,,
■
Raymond
controlled
Fox,
of
Mqran'
business
the
aforesaid
consummate
of
the
bank
&
offering.
B.
Gulf, Mobile & Ohio RR.—Equipment Financing^
'
promoters.
-
Earl
capital funds will be contributed
The proceeds will be used to
The promoters and their associates
standing securities of the company,
..
The
comnany *-on *
■
nnn
nnn
'
'
''
to
The
.
certificates ;wili
be
eauipmen<;
tr«st
dated
installments of $200,000 each,
Sept:'. 1, to mature in
beginning on Sept. 1, 1947.
^
certificates,15
as
.
owners
through
of
all
control
the
then
assumed the
short term
bank
loan
•.
'
off
investment
stores
in
and
merchandise
users.
No
to
be
resold
underwriter
to
named.
department stores,
.
.
Jhwr costs
>
-.^
an. extent oi uie huhihhw
to understand fully the nature and extent ot the nnmlna. cMtS and
abnprmally high profits accruing to Kleinman^ et al in this case, which i
wefe. unguiftiij undisclosed/it is necessary to review the manner anil
WCIC. originally
immcan
was
method by which American was acquired and the" operation of thai
acquired
company and {ts subsidiaries by .the foregoing individuals
1
as a con
of Harris-
In connection ,with the $1,000,000 short
m wiw^vu-
Connecticut Pv; U. Commission,
*
-tr^
^
ACQUISITION OF AMERICAN ENGINEERING CO.
----
.
t: )■
BY KLEINMAN
X> J, niwu
X*'
sell^the notes^to
of Philadelphia, Pa., had
engines and other
for its acquisition
Engineering Co.
original American
been engaged in the manufacture of stokers, marine
marine equipment since 1911.
When negotiations
^
company
ET AL
T"*"
Kleinman
Kleinman
by
William
et al
ecvai
started
StUJ ,CU
•
in
...
December,
,
1943,
,
—'"w.
it
was
ayif.
together/with other
-
also
1
i<
by
controlling
" -----
9D,UVU,vvvf < of
$6,000,000,
which approximately $4,000,000 were current, in...
„„„
„och
The company's liabilities for
eluding more than $2,000,000 In cash.
..... „
1943 Federal and State taxes were $2,392,000 and it held $1,000,000
tlimi
than
-
„
available
used_ for additions to and replacement
,
managed
—
Williamson and William Sauter, who were
At that time the company had tot
stockholders.
proceeds,
.
term notes approved by the
intends to
>
u..
The
.
company
funds,
are
of utility plant.—V. 164, P»
-
"
-
'
after its merger with the
Harrisburg Beverage Co.), had a work- riHathawav Mfff. Co.; New Bedford, Mass.- -$10 Extra
capital deficit of
$458,521.'w**.
.The. underwriters are
Vroe f OT,WO
Plhnc
T'
permitted to purchase common stock of
Expansion Flans
company at $.515 per share, and the promoters -and their
-associates
:%rThe; directors, declared 4he regular; quarterly dividend of $2.50 per
acquired their stock of a cost of $1 per share without the
share and an extra .dividend of- $10
necessity
per Bhare,- both payable Aug. 31. to
Of also purchasing .any shares of
6%
cumulative
preferred stock..
holders of record Aug.
15. and also announced the
.
.
...
drug
Hartford (CpHri.) Gas; Go.—^Notes—
the^?p^y^dendT™^s:La?:S^
:
_
■*j:.• *r-V' •
out*
was
•
Bince Kleinman, Doroshaw and
Since j&aeiiuimu, JL/UAUOum, ua.va Ackerman and their associates are
a
vtpw
acquiring securities of the issuer with a view t0 immediate redistributo immediate redistribu¬
to the public, they are underwriters as defined in section 2 of
securities
of i»jj,
the Securities Act oi 1933, as amended and are required to be named
4
11
in; thev answer to item II cf Form S-l. As underwriters, their costs
the. answer
S-l.^As underwriters,
W
- — underwriting information are
ana profits and other pertinent -HPrwritina information are required
and
^ in .v,»% answers »n the registration statement. In order
the
in the registration statement,
m oraer
' =
log
v
Ackerman
_
of
company
the -registration
public distribution of
a
be-*"
WUe^to^MO
—
pay
-
tion
annual
Invitations
-
statement has become effective, Kleinman,
will negotiate for an underwriter to under¬
the Hayes stock and thereafter amend-,
mpnts to the registration statement will be . filed, setting . forth in¬
formation pertaining to such arrangements as are finally made.
"'aid
burg Beverage Co. As a result of the assumption
by the company of
tbe short term bank loan, .which, the bank
required J. Myron Honig'•."'.'■''.''man'^^uarantee personally; the company as of May
27( =1946 (which
-
public as soon as possible-the shares of the registrant to be
They have deposited all their shares of American in escrow V
an
effective registration and listing application being complfeted, Hayes will deliver 185,000 shares to an escrow agent and
AOU,vuu
wm
receive in return all the 432,000 shares of American, plus irrevocable
proxies to be executed by Kleinman in favor of a nominee of R. W.
Clferk, the President of Hayes, to vote the 185,000 shares of Hayes
stock until public distribution of such shares is effected.
iinnn
After
Series B. to.,pay. about 75% of the cost ox new equipment.
the. latter
merger
■,
,
Aug;' 22: asked thi •: Interstate: Coinmerce Commisi——
Harrisburg
to merge, into the
company. ; In ex-;>
change.for their 102.000 shares of Harrisburg
Beverage Co. common
stock they received
102,000 shares of new common, stock of the com
p^iny representing 100% .ownership thereof.
The
of .the
.
the
take
-
V
sequence
,
Doroshaw and
•
,
'
-
1Q2.000
the
company.
loan of $673,000.
Beverage Co., caused
—
A
-
Kleinman, Doroshaw and Ackerman and their associates plan to sell
to
General
Towing
The mmn»mr nn. .Aug. ,15 filed, ^ letter of notification with the
company; on. Ausr. 15 fUed. a
purchase, Harrisburg Beverage Co,SEC for
250 shares of $100 par stock (whether common or
entered into a bank loan for
preferred
$673,000.
The purpose and effect of *
not stated).
the present offer is that no new
Offering price, $100 a. unit.
Proceeds will be used for
the
-
trant.
onH
r
to
<•
received.
with this transaction .the promoters and
securities dealers,. Bids are to
their associates in effect
enect■ put reopened-Septus.—V?
164, p.
put.r. 556. t
tip $102,000 of the purchase price,
in-cash, and in consideration therein consideration there*
;
,i
r
:
*
*
^
for caused Harrisburg
Beverage Co. to issue to .V
to them 102 000 snares '
w
shares
TIarbndc
fnr
T n« AtktaIas
Galif
TTil^o WifK CTrr
warianos, IIlC^ L.OS
of its- common stock. " - ' ;
"
'
Allffeies^A/aiirr—b lies Wltn .SEC--.
order
,
'
price
formed a.JenhsylwanJa corporaUon.
Harrisburg. Bev:
«rage Co., for the purpose of
acquiring from them a purchase agreement
dated Feb. 16,
.1946, involving the purchase bv^ thp nromotprs
and the sale by Frederick
W. Graupner and his sister
ter^ of all the then
outstanding secunues of the
^ outstanaing securities oi zne company ior
for $775,000
\ .In
-
*
and Mrs.
Edna
B.
Jackmore
of
Jacksonville, has been
Treasurer and Assistant Secretary.
At the stockholders' meeting, directors elected in addition to Com¬
mander Coppedge,
Mr,: Williams and Mr. McCarthy, were Frank B.
Myron Horiigman who are thepromoters.
the
right to acquire under an option
k 2n>*' Promoters
\
*
elected
have
an
Joseph
.
•
»
Registrar:
aggregate, of 101,500 shares or 99% of the
shares of the
voting securities outstanding before the
present
The
remaining 500 shares are owned by Norman J.
Sliea,
Crall
Ackerman
ww
Real
Estate Trust Co.}
Philadelphia.
National Bank & Trust :Co.t=
Philadelphia,
"Ajy Arthur C. Robs and iJ.
The
total
a
sea
$0,515 per share.
or
Cpra-Exchange
n
stock for
common
Coppedge, veteran
captain and tug boat and barge 6peratfcr, recently discharged from the U. S. Naval Reserve and retired
to
inactive, status as a commander, has been elected President.
He
formerly served as Chairman of the board.
H. G. Williams, former. President, has been elected Vice-President,
Edward McCarthy, of Howell,. McCarthy, Lane & .Howell,
Jacksonville,
Fie., attorneys, and a director of the company, has been electee1
\" (Robert H.) Graupner,
Inc.—Securities Offered—E.
H. Hoilins & 5ons, inc. and Stroud
& Co., Inc. recently
offered $350,000 4%%
sinking fund debentures at 100
and interest' and
33,000 shares of 6% cumulative pre¬
ferred stock
(par $10) and 49,500 shares of common
stock; (par (50c) at $12 per unit of one share of
preferred
s(hd I -Ji shares of common.
{
In addition the underwriters
account
H.
Vvnansinn
company
was
U.
of
was
S.
tax
engaged
notes. > : During the war years the companyexclusively in war work, from which it realized
anticipation
almost
substantial profits.
.
Williamson and Sauter,
-•
;
r
1
}
together with other stockholders, had granted
options j,o American Business Credit Corp. of New York City, to buy
the outstanding stock of Ameriean at-a price , of $100 per share for
the
preferred" apd $75
per
share
for
the
common,
approximately
;
;
5H&H5&¥&S53S£E£
a»d
Ackerman;-of Chicago.. V-:-.?■;■
"^■■'■;{_'• •,. • '• ,j
Nov. 19, ' 1943, Doroshaw- wrote on the stationery, -li;
On
Management Co. (a trade'name
Ackerman),- to Williamson and Sauter, indicating
and
ftW>«vinon
i
of.
.
Industries
1044
H.pnuir«d
from
the
19f.l',: c_qpp£ /,Jhi?ct
*'
of^^SmSSS£ to
a willingness 5';"
and
renegotiation)
m
^
partnership of Schwarze Electric
(except for Income taxes
v
of 100.000 shares
limited
to
all
its
comprising, salaries,, bonuses, directors- fees
pension trust, was equal to. approximately
liabilities
'KoSce
consiaerauon
•
At the same time
-
|ncome
reflected
in
and
-aggregate:' net
22^ the agg g
tne subject
fo*
financial
the
years.
,
SSSSSSB&iiSSbwtas- 3sagSJEE.VES5S5BSH.sss
contract
entered
was
into
between
Levy (Michael Tauber & Co.) and
the stockholders of American to
acquire their stock on the. basis of $100
per share for the preferred and $75 per share- for
the. common.
RL
Corp., with the assistance of Kleinman, arranged for a loan from
.
Commercial Credit Corp.
When
the
directors
ferred
to
control
installed
stock
paying
used
were
of
SSFiS2S^BSiiSS^>,^Si
.
NEED OF HAYES MANUFACTURING CORP. FOR ADDITIONAL
_
THE PROFITS REALIZED AND TO BE REALIZED BY BELLING
also
■,
of Baltimore. Md, for $2,067,600, the proceeds
common stock.
„
American was thus
acquired, a new board of
v.
of
by Levy
proceeded
$100
brokers'
$50,000
at
fees
to
redeem
share,
per
to
the
the
at
outstanding
cost
a
firms
that
of
;
^
pre-
cessors,
parties
in the above-described
acquisition.
American then loaned to
Corp. $2,067,600 cash in return for its unsecured note in like
amount, the cash thus received
being used to pay off the loan from
Commercial Credit
Corp.
The net result of these transactions was
that the cash and other
liquid assets of American were used to acquire
RL
complete
control
of
the
at
company
cash
no
outlay
acquiring such control.
Contemporaneously
(old)
to
enter
December,
of
into
the
foregoing,
contract
with
AE
Corp. caused American
(a corporation formed in,
miscellaneous
assumption
of
the
assets
approximately
$115,000,
in
for
return
the
of
the
thus
assumed
Corp..-
transferred
the
upon
liquidation
In
connection
with
1,
Jan.
should
1944,
American
it
these
Engineering
bad
sold
toss
as
tax
be
transactions,
noted
Co.)
that
claimed
all
loss
a
of
j
for
income
tax
disallowanoe
and
approximately
the
of
$1,600,000
Engineering Co.
such
imposition1
has
plus
agreed
OPERATION
,
claim
of
new
American
Kleinman,
officers
and
and
excess
is
OF
AMERICAN
and
salaries
In
order
to
used
for
working
Ackerman
In
January,
1945,
the
to
a
In
registration
it
was
a
'
:
be
order
to
the
was
time.
(e)
of
raise
to
sell
to
of
under
was
accounts
a
they
this
the
Jan.
on
the
President
arrangements with
per
in
the
present
by
that
the
of
and
received
profits
board
be
to
realized
-
...
•;
before
assessment,
originally in the
Under an agreement with the U.
with
agreement
the
Collector
amount.
of
of
4
:
-
d
instalm
e
wAct
m-rnr
th
the
necessary for Kleinman,
receivable of the new
on
their
(new)
a
in
as
to
working
the
amount
capital,
clark
connection
with
needed
such
that
continue
estimated
additional
did
fled
.
Hayes, they finally concluded
Hayes on Dec.' 21, 1945, which resulted
basis
in
visited
It
the
the
Co.
his
of
is
most
$1,000,000
$1,250,000
its
or
to
of
tLt
m^ed
When
to
American
to
these finance charges
™es'
these
again
-
originally
subsidiaries
t
financial
consolidated
fact;s
the
the
resorted
to
pledging
a
y'
or
the
of
estimated
that
for
filed
the
six
registrant
months
of
the
needs
indicate
now'
a"d
the
of
different
services
•
accounting
firms
received
remuneration
aggregating approximately $103,000 during 1945.
for
Sept.
30,
1947, approximately 90%
of
The
This
company,
appliances, is
metric Co.
same
name
a
engaged
in
successor
to
which, in turn,
which
had
Kleinman, Doroshaw
manufacture
limited
and
partnership
sale
known
of
electrical
as
Schwarze
was
a
oaid
executive
successor
organized
onnrnYimatpiv
the
From
fees
salaries
fiscal
$117 006
ye«
was
baSnce^^representing
an
and
it
the
on
-j,,
and
The
tUs
was
^
has
®ade
been
cerntog
this dispute
norHcuiar
sta^ements
items
of
nrimarllv
prima
y
was
registra—
certificata
correctedl
proceedings,
The
the
registration
deficiencies
we
such^ o^criiog
re^ive, *'
statement, as
believe
in
fhe
a^"dp'
the statement as or ginal y
the
under-
purchaserr
partus
»
registrant
arrange-
«5Ubstantially
fil
d
it#
iB
a'manner
it discloses the essential lacis
.
_
give the average investor the lnformauo
^
enable him to decide whether he wants to buy any of the snares ro w#
•
d
0 ere
*
,
.ha
accomplished by the several amendmentar
and the commitment of the registrant
forth the terms and method of distnbuhplne
tion of the shares being reglsterea, we see no necessity for issuing &
to
to
V;lew ?f
the
niQriosures
d
regis^ra l°"
statement
fde,a"
t
cptiw
registered
stop-order.
Tbe
as
pr0ceedings under section 8
amended,
igsue
1941, the date he firstDec. 31, 1945. has has
bonuses from
the registrant.
current
,
should
which
tb
the
-
date and that prior to any
amendment disclosing the facts
form
present
public distribution of the s®CPrA
a
made.
ments
CORP.
of
}
unnecesiarj.;
seems
seeme
that
an
ebminates
$210,372,
.
the
accountants'
Kleinman
file
will
the sales will be to the
Clark was paid
compensation for
and settlement
use
latest
in
the
m..ui
made
^"^^al^tatementsac^
toward
effective
.
^
the
permitting
fqr
(d)
Securities
0
therefore
are
dis^\n _YJfiLpnt
reg^,r.atlon/.,,8'^ oR^iqafi,
(EDSTJ on Aug. 20, a
Act of
anpropriate
as
amended
order
to
1937.
wil*
become
„
Earnings ior Periods
—
Totel
which
Fnded June
ftffer
avenuej
lenegotiatio
30^ 1946^
nrovlsion
544,467
—
12Months
"1.
$426,782
■
Operating costs
$5,563,783
5,212,176
—
fiscal
...
for prior years.
|%
>
the
filed.
_
nSffn^meP
*$117,685
'
29,847
Sgsb JSIS&S »I
zTts#£|«««
the
alf
sbaret
partner of Laird.
Charles W. Baker.
SS wrAia
r
uZ'zZiul
York
New
r
without
Meeds
amendment, filed July 12, 1946, discloses
.
et al will negotiate with a prospective
last
The
looking'
is
•
untii
adjustment
1945
•
CONCLUS
January,
company
y
2
circumstances
registrant.
with
this
violation
statement,
©
rpceived
,tt
amendetfr
as
liability for suc»»
several partners o£
^ l8SUe> during the
the
effective at 5:30 p.m.
£Lme 2socia^
$380 048
in
th? Iwt ful!
to a partnership of the
originally in January, 1943, by
Ackerman, their families and associates with
been
and
the
a
TiSlest
1933>
nnxrrrnfllON
automotive industry.
acquisition, of Faraday Electric Corp. requires
special comment.
sold
were
^
Q{
t
contingent
#
a
«SSle!
deficiencies
ACQUISITION OF FARADAY ELECTRIC CORP.
"
01
OTHER DEFICIENCIES
rmaiiv enCorp.,. incorporated'in 1910, is normally engaged in the manufacture and sale nf pressed steel
the automotive, refrigeration and household
{
1942, its manufacturing facilities were
used for the producti<)n
parachutes, aircraft parts and subassemblies, ordnance parts and su assemblies/ and varieties of sheet metal ^stampings, required, for war
purposes.
Since the cessation of hostilities the corporation nas Deen
reconverting plant facilities for peacetime production and it is a.nt c pated that for the current and for the following fiscal. y®ar
ended
•
possibility
^ere
pr®^ai
exhibits,
and the prospectus as oAlsrtJ «r
by amendments.
In view of our
further comment on these additional
Prpdd^fr^
utilities^^dustries. S
comparatively large fees for accounting and legal
services
were incurred
by American and its subsidiaries in the last few
years.
One legal firm received
fees of approximately $63,000 for the
calendar
year 1944 and
approximately $80,000 for the 12 months ended Nov.
30,
1945.
Three
amoun
the Sec
deficiencies
other
tion
_
•
of
These shares were sol<L
disclosed.
connectiori
in
Hayesr Manufacturing
activities,
resulting
director of
a
Amer-
that
t «t
^a
obtained
MiWArwrNT
MANAGEMENT op HAY:ES manu*aciom
OF HAYES MANUFACTURING
After acquiring,
American; they became Interested in-the
acquisition
of other companies and
at least 18 other
companies were considered
and
investigated, only two of which, Faraday Electric
Corp.
and
Cochrane Corp., were
actually acquired.
Partially as a result of these
(b)
5
delivery of the
writers
ir,Hir»nfP
AmericBn
approximately $1,600,000 to meet current
additional working capital,
which funds will be
from Hayes.
-
amounted to $670,559.
aUclosiu -e 1
no
im-
filed
need
Pies.
shares
•
-
,
un,
non-disclosure
the
by
next
qtopk
STOCK
statement, the regisof its common stock sold to A. W.
registration
Bissell & Meeds who handled these 11 ansa
year.
tne^pith|t
^
and^ matemiuy ol, tnet non oim^uib ox
c p
amendments
The
0
J.e1
the
or:i?Lnal11
ican for additional working
plants
resulted
Df
A. w- Porter & Co., the
^LDt
period from May 15, 1945 tnrougo » vstock Exchange at prIces.
^ "11
saies being efiected through
B f
hl3tory o( the acquisition ol the
p
47
ac-
originally
iomp
having in satisfying its indebtedness
as well as other factors hereto-
OF REGISTRANT^ COMMON
upm
i
was
section
the
Was
violation
.
statements
charges in connection therewith
continue operations.
Clark esti-
-.ofJte ca^
materfahtv
portance
was
basis,
of
violation
nor
for
t
there
However,
nnn
as
amount to about $40,000
afl/ed
,
was
Revenue
missions in connection with such
.
ftf ih assets bv the present management,
company, the draInage
on a.
the currenti toaMUtMo meet. it# oMgattons y
on
discl0®®d
American
S Vernal
■answito
amendment
has
ol
of internal Revenue,
paying factoring
cash
taxes
of.1933f *„in
price of
addi-
now
neCessary
the
for
at $2 per share ana registered under the Securities Actreg^ ^ ^ public at an aggregate
«n
$870,550 and that the total underwriting discounts or cornand
1946
raise
six months
offset,
been
to
prior years'
trant indicated inat
partnership by Kleinman, Doroshaw and Ackerman and
suffered total losses of $570,603 from May 1, 1944 to
and was Indebted to American for advances of $1,472,500
receivable and
the
Porter & Co.
has
31'
of
PRIOR SALES
t!he
In
$1,500,000
to
statement
recent
for
income
net
parent company basis, it had a.
similarly, Hayes shows a
a
clear that the management
^
f
needed
American
the
had
on
$140,^ fd°tnedab^sls
eighfc months ended.however, by a credit for \
arising from thecarryac
o
loss and unused excess profits credit in amount of $318,860.
net income for the period of $70,992.
n
,
that
$140 876
ope^atiJJ|ars
jmed
testimony - to! indicate that
needed
.
statement filed on
profit and loss statement of American
fore discussed.
thereon.
registration
needs
noted
management
d
mated
be
American
1946
31
rn„ntc
contractual
In
1946#
lost
of May
The
pav.
30>
that upon
$1,300,000.
American
capital.a The
disclose
also
predecessor
JS?
that
to
,
registration
the
to
$^,919 on a c
It
testified
Engineering
^
dis-
of the!? ^^^-at^f^tatementTwas filed. That statement should
when the registration stetement w^ana(rement8 knew of the great
have disclosed the chi g .
additional working capital and
and
later revised
was^^^^
STATEMENTS
STA
American
of
of
operating
Stlngina
W®R^NG C^TAL BY AMERICAN
CO. AND SUBSIDIARIES
$1,000,000
^
originally
and
uncertified
.
1946
1946^
refund
estimated
operating at a loss on a consolidated
approximately $37,000 ior six months ended May 31, 1946.
Electric Corp., after having over $400,000 drained from it and
Ifc
ass0ciates
as
June
the
from
net loss
working capital.
that
Faraday
its
be
testified
not
indicate
net loss of
p y
interest Jue
Hayes,
American
would
sbould
It
registration
Philadelphia.
never
of
working
additional
a
of
that
estimate
Kleinman
8
and
iqar
Mat
of
J"stal9^|n\npdaytbaf
10
ended May 11
31.
pf
payments
Instalment
J"
7
July 12, 1946,
that upon the acquisition of
Faraday Electric Corp., it was planned
operate these companies on a going-concern basis.
He
to
JjJggirking capSS'and
his
which
at
president
American Engineering Co.
file
public examination under section
all
ENGINEERING
plan of
to
and
NEED FOR ADDITIONAL
1
stock.
common
retirement
assessment
debentures
^
not
was
statements
Amendment
1has^beeniheire^ /C
^menca^
th Collector
_
deficiency
to
liabiUty
contingent
^uPPf!?r has been adviced by Hayes
goUectw
become ef:fective
it wou dcause
to be supplied withi sufficient funds
issuance of
W46 torougitt.tne issu
year
,r.,
^pre®e"tatinp *pat
M'
ments
and further states the
the registration statement
the
the
filed in the registration stateloss statements of the registrant and
According to those statements Amerparent company basis had earned net
jean Engineering Co on
endeg Noy> 30f 1944(
$480,055
th
a
ended Nov. 30, 1945, on a pftrentcompany bas
ebasis {or the year ended Nov 30. 1945, had net
$197373.
According to the profit and loss
J^atements
y
for itg 'last three fiscal years ended Sept. 30,
statement
$284 973
$735,523 and $436,446.
However, the
re^®tra f..
.
.oss
did 'not'indicate that, since the date of the latest profit
statements
the companies, were operating at a loss,
ta°x'deficiency ' The failure to
batance^due.on
to.meet monthly the. tex
^sta}^entthse XngS arrangements
no
of
end
the
,
^ep
ZerSand®StttSSSrto.
American
the
indicates^hat *.no
°
tbe
riTMAMr-TAT
FINANCIAL
p
•
day£
possible
November,:reeistrant's
yoted to amend t
Ttlpllldpd in the financial
deluded in
$1.600107
,
on
the
0
of
$
a method
.
flnd
1045
£ pa^
registration^tatemenit
Internal
of
directors
0
additjon^ 1
profit
S. Collector
payments
agreed to be accepted as
-
Hayes
the r
with
.*r.
instalment
1945,
addi-
had been
company during
Jan. 25, 1946, the
charter to provide
of
directors
or
preferred stock in
jorder to un
companies to -be acquired.
This informatm
closed but has .been supplied in the a
Aaawccjiwrw'NT FOR 1943
ASSESSMENT mn 1943
DEFICIENCY
of
and1 their
costs
connection
substantial
r
of preferred stock based upon rne report of a committee
addmonal capltftl
appointed by the board.
The planif
After the
stock of
which the company need® 1ba* °
,
raise approximately $3,700,000 '
American is acquired, Hayes plans
Amendments appropriately
r^rmrr.r-0-Kir-v
TAX
and
their
in
t
5pa~«y
for $5,000,000
to
Ackerman
disclose
to
be
^
The latest jfmpnriment1 indicate# that
amendment
principal were> made on F'eb. 28 and
old
involved.
However, such visits as were
in
substantial
expense
accounts
paid by American,
amounting to approximately $50,000
during 1944 and 1945.
In each
instance, while these individuals drew
down
substantial salaries in
managerial capacities; it was
necessary, for them, to retain ;the-executive and operative
personnel that had been
actively managing the
predecessor company,
resulting in a duplication of expense and sal-
a
to
the
new
the
stock
common
American
for
f-ur.-tted that certain of
these individuals had
of
some
of
the companies
made
be
for
October and
the m0nths of
the liability ■ of its predecessorforFederal
October,
be in_a Position
year,
,the tiling
registration statement on Feb.
27, 1946.
I
The record discloses
that none of these three
selling stockholders of
American had ever had
any prior experience in the
type of business
ccmducted by American and
its subsidiaries.
They maintained their
principal offices in Chicago and
spent approximately 12 hours a
month,
more
or
less, at the plant of American
in
of
Doroshaw
failed
and
^formation.
INCOME
assumed
to pay im fu
subsidiary which it had previously acquired
Kleinman, Doroshaw and Ackerman have been
their holdings in American
and, following negotiations
sell
and
realized
required
deficiency
.
to
total
Hayes, after the registration s;ta
1,
elected
were
was abandoned
and the registration
statement withdrawn
before the date set for the examination.
Since the withdrawal
of that registration
statement, American and
its promoters
have been pressed for cash.
While no cuts in
salary
were
efiected, no further dividends were
paid.
In order to raise funds
for its operations, the
company was forced to sell In October,
1945, the
Clark,
the
filing of the
(File 2-5603), by which
debentures and common stock in
estimate of the
management
statement, but the proposed issue
with
reduce
to
-
indicates that the boar
the need
discussing
p °
,
registration statement, Kleinman and the Comptro
r
registrant visited the Collector's office and after poinUng out the
financially stringent condition of American, obtainedalimited deferment of payment of principal installments, upon the
instal-
BY
$20,000
as
pension and
caused
$4,025,000
1933
anxious
stock
and in the financial statements it was stated that all
had been paid up to date of the1 financial 1
,a
What was not disclosed was the fact that a few
Commission
public
The Commission
authorized
the Securities Act of
assets of Cochrane
Corp.,
February, 1945.
Kleinman,
name
this
-
dividend of $62,500
approximately
in
Hayes
would
Revenue
American
CO.
conducted
same
.
capital, it
1945,
statement with
planned
of
interest, per month were
dating such liability.
At the time the
a result of which,
financing
$115,000 were incurred by American.
Kleinman, Doroshaw and Ackerman voted them-
February.
shares
basis
same
underwriters
Faraday Electric Corp. by
purchase
pledge
They also became beneficiaries
American.
of
fche shares sought to be registered.
Revenue
of
business
of
rate
company with Commercial Credit
Corp., as
charges to the extent of
selves and their
associates
t0
profits
plus interest.
$2,818,100 liquid assets of American (old) had
by the transactions above described,
consisting of
obtain
and
the
on
FEDERAL
tax
of
immediately
the
at
old company.
Doroshaw
number
originaI
_
record
Tbe
added to the profits already realized,
the American stock-
the
the registration
met
the
With
registrant
.*■
present.
$3,148,000 which
approximately
the
as
gross
American
predecessor, $585,500 to redeem the
outstanding preferred stock of the
predecessor, $50,000 brokers' fees and
$115,000 received by RL Corp. in
the liquidation of the
/
fpr^be ^ayesfor the
stock.
$2,580,000
legal,
to be borne
are
^xpenws
nnectlon
.«ngf »537.
a
by
failed
_
THE
profits
monthly
.
was
of
vaiue
a
shares,
course
™»ose
ACKERMAN
manufacturing business intended to
American
Engineering Co. was to be the
indirectly
t0
share
a
in
audit of
extent
present
in
commenced
Ackerman
The
$2,067,600
the
resulted
of
expense#
for
with Klein-
arrangement
tnese expenses
by the registrant.
It .
beincurredi
aggregated
required standards of disclosure m its
would' have
American stock-
the»,exchange
thp
estimate of expenses to
statement
incurred
^
exclusively
and
$585,122.
which the
by
indicating
value of $12
acquired which, when
which
value of
it
assessment
ENGINEERING
AND
Engineering Co.
received
company.
However,
been drained
away
the
paying
$3®,00<> after ^ acquisition of
American
to
'l945
American
from
the^ add! 0
these companies estimated at$1,M0,W.
estimated
at
$108,000,
appr°*
TT
the
Doroshaw
each
offset
deficiency
which
and
pay
KLENMAN, DOROSHAW
The
of
tax
a
interest,
to
ments.
1944.
income
Internal
in
$2,300,000
.
that
purposes
$158,400
a^p
accounting and printing charges.
man, Doroshaw and Ackerman, all of:
have sold
total
approximately $3,400,000, claiming this
on operating income for 1943.
-Subsequently, an
income
tax
return
by the Bureau of
1943
resulted
at
offset against its accrued
Federal
be
associates
allegedly effected before
Aramingo Corp. (the old
liability
the
it sassets
an
'
them a6 distribuadditional $125,696
was paid as a
were
the salaries re-
*»$62>50()
ftofal o5
Pft„PC(,
thecourse
In.
endrtj^ja
approximately $360,000.
[The actual profit to be realized
subject to market fluctuations.
Shares of registrant's
on the New York Stock Exchange as
low as 10 /8 and
*s hi h as 157/8 during the first seven months of 1946.]
The registration statement at the time of the institution of
prppeedof
,
2447
of
these
prede-
an
Ackerman
and
21
Dec
stock
by
and
received by
partnership;
approximately
assigned
would have
amount
reaiized
which
'
,
c»
Yinrnshaw
an
reduced
stock
.
i|
to
135,000
The
T;
figures
1946
followed, such note
received by the maker, RL
Corp., it being sole stockholder of
American (old). RL Corp.
realized a profit of
approximately $115,000.
new
American Engineering Co. received
all the assets, including
plant
property,
equipment and inventory, subject to liabilities
as
stated above, for a net
investment of only $2,000 on the part of its
Stockholders, Kleinman et al.
^ was
upon
stock
were
Therefore,
525
of
capital
realized
subsidiaries
disclosed
was
connection with its own
^e™'ofllJh|u°roceedings Amounted
•
rnnt.rnet
nf
the proceedings that Hayes, ia
01
p
operatlonswouldneed aDDr0Ximately $2,000,OOtt
However,
for additional working capital before the
^ financial
in acquiring American and its'
working capital needed by
burdens to the extent of
It
connec-
holders stood to profit by the consummation of this transaction at the
time these proceedings were instituted.
The amendment of July 12,
of
RL
5?-
of
profits
its
in
W& XuEJ'U** wgi5trant'$-eommp«
would
the
liabilities
assets
liabilities
tion
American
contained V provisions
These
of American by AE Co.
The total book
was
approximately $4,500,000 and
approximately $2,900,000.
Another condithis contract was that
American (old) would change its name
to 2447
Aramingo Corp. and that the AE Co
would change its name
to
American Engineering Co.
The result
of these transactions left
2447
Aramingo Corp. a virtual shell, with no
liabilities, and assets
consisting of $115,000 miscellaneous assets and the
$2,067,600 note of
value
Shares
432 000
g'ross
•j
,rwnm„n
based'
substantially all its assets, except the $2,0S7,600 note of RL
Corp. and
certain
the
of
of
>
American-
hl,
stock
1943, by Kleinman, Doroshaw and Ackerman at a net cost
by which it was agreed that American (old) would transfer
$2,000)
b
^
persons
RL
Co.
associates incurred
h y
t
costs which Klein-
ascertainable
total
Sc^warze Electric <lo. parw
u„
with
a
the
to
the
rnntrol
control
from Ja
to apprxjx
y
tions of the
the
thn^
^
thPir
their
individuals by
$585,500,
interested
inrumfec
m^enr£c^
™an- JXP&S ftnn4iUoTof
tlon with l
WORKING CAPITAL
,
STOCKHOLDERS
acquire the
American
-
.
acquired by Hayes.
..
of which
_
fiscal
statements
inadequately set forth in the
If
.
;
.
■||
, ,
81,275
^
:£*,mW7
•Deftcit,-V. 164. P. 955. g
$351,607
"f
||;|:|.£:;r vv%v(;;V.":
V-i.
:■
'
*■/
';■' Si<
"'. I1'
■
^.TV* ^
k'r*T'/*'■''/' U- ■_> ^V" T1^ J -'
:
Vfe:: >
'*
■
:
fc| SiSS
■
1085
Number 4519
Volume 164
vt
.fr,^*vf3fr»r-<4^r?t4Vvr:o&.T-V.^
•
alfid' >^fthttolds'-^8*-ar:re!^rve a'portion d* the balance
due' tHe1 concert
ant! sometimes
part,
Whole
'made; in
Prnicipal
(Jan.
interest
and
,1V!Mrti
July
and
1
' *• iilg
-,"
July 1, 1966, at 100 and interest.
.
ha^'bie 'at^ office
'
-
de-
}«
debentures
V;Si. Chase National Bank, New York; liflflf*llifli firt IV fillb'
trustee
Coupon c
tV/'.4lrim;
rtAfil;'/*orr< ol in*ftKfuv
.4rtX
m to'nrlnclpM onto; 8ubJectto-_.an annualf.'■ tl» 1
o c
.
the ;situation
sdmetimes
equipment and- other- chattels,
•
—«_
on' Transactions—
securities
In
I
'
in connection with' '
(nett
commodities
:
V.
(net>.
V^'S^■':1;'t'V>-V,('^■--l-i1 r-1'-i
.
i-
-
Net profit- before income taxes;
Provision, for income., taxes (est.)
siiiklngrjiind. Hsgfomlng i:i IMS. KedcemaWe, at option; of company. :
».5 L™™2 m. 'ri™
Iih j»
Miivi'
oil
h/jsto'
nnfino
Afjh^i*wi«p
thfiri.?■:-*>'
usually secured by.xcJi<ittcl.• nioitgdgt*- &nct^covcicd by. fii v 01 otiipy
at': any.'time"in whole or' irt part dry 39 •days' notice, otherwise than
eJt,A'iP- :Iri<yiW<s ti
-'•'••
•>'-'*'£ k\.V"'y?'*:
.•••' iv/":*. .'■;*• {>V;
.•'•:% '-"■V 'i1'•->«,.';.- ,;V
i >.r."'
types of insurance,
*
J"
for the sinking fund, at" 102 Vi on or before June 30, 1940, with sue;
in the latter part of 1944' the cohipariy entered the field of finane- i
ce$sive reduction* 4n redemption.- price;- redeemable on like notice for
irig productions of motioh pictures by independent producers; In .most" ;
the sinking fund at '100;, hx each case plus int.
cases' some1 other
lender hUS* hid a participating
interest with theV:
;
lbss
Net
Net Profit
I
'
Jn.
re(juirehvehts^$#,,,^
and
fatt^g'j
tn^ pnrthay o( or ^vancea »t.W or
•
.
of
of
estimate
;o
- m—r
company's •
-
V$,|
or
^^la(hlii#^lfih(^^The,:• cch!p,fcri%ids%hriil^
of- the
" -'chinery,
of
payfu,~ "f
1)
the
on
Expenses
:»
other;- types of insurance, v; Collections
tidrt'
»>notifica'tidrt or riori-notifiC^tion basis, dCpendfire
o»
,Ar.-jvv^'4?'.-^-u»•*■ niu*-*'\ju.
Ahi
•'
Aiaf
••'•
'.*.
>l \.-\
•*.
:*
Net profit for
Us
Dividends paid
,
PURPOSE—Net
be approximately
will
proceeds
$2,891,891.- -Com¬
-
the
"
the
3U
'
.•
Series
Cbmmon stock
'
($10 par)
40 000 shs.
■
.
""Net,
.
$246,549.'.
$3,394,322
1941_
5,257,494
775,195
819,837
6,572,046
1,098,948
5,881,678
6,104,034
612,792
6.378,029,
604,91$
5,648,327
537,878
1944
c
19.45
4V
(9 Rfos. )
1946
624,479
651,285
proVisiori 'for Federal taxes oh iftcome.- ,;
-r
.tlncludes excess profits taxes (net of post-war- refund):
185;- 1942, $297,000;
1943, $33,000; 1944, $66,000; 1945,
months ended May 31,- 1946, $10,000."
..
BUSINESS—Company,
HISTORY
outgrowth
an
349,792
353,285
of a
.342,918
323;878
'
- —
automobile5
•
LIABItlTIES—Bank' loans, $400,000; due to"
brokers, $93,250; secur¬
ities sold short, (quoted market value
$118,875), $94,313; Unclaimed
dividends,
the .saie
.? •
accrued
liabilities,
$800;
reserve
for
Federal
and
$103,250; capital stock, $501,150; capital surplus, $1,759,-
7,830
600,000
1,000,000
50,000 shs.
I
27,500 shs;
shs.
...
10,000 shsl
»v.i>
327,765 shs.
„
Cdmbany
fom 1,000
iri
treasury,
157,
Br$497,871;
corporate
1651.
p.
Keokuk, la.—Files With SEC-
on Aug.
16' filed:
shares <$100 par)
letter
a
class
frtWa. Southern fTillliipc f!n
Ibwa, SmithArri
OOw'mbc
*600,000 shs.
of stock
$1,654,512.- -v.
of
A
notification
5%
preferred.
priee, $100
price, : $roo a War'e.1. ¥rd&<*ds? Will be used for
'share.' Ffoteeds' will be used for
1 to'complete expansidiv and 'rehabilitation program;
written1.
'
i
shares
total,
Iowa Fiber Box Co;
Tb8
SEC
ic
rtf tVol
capital
under% v'4!
tltilities Cot' of Del,- Dividend
TiiTr
_
wltft the
Offering,:
additional
a
Issue not
^v"
ffiit
No.
.
.
•. 10,000
chaueS of 4%
cuiftiilative preferred stock
and 70,000 shares of common stock, are estimated
less, than
not
.
of
warrants)
paper job¬
bing business established in 1896. wak incorp. in' Maine Nov 6, 1937,
to' merge four predecessor operatnig companies into a single enterprise.
The merger was effective as of Oct. l, 1937. Company - and
such predecessors
:
outstanding
$3,000,000
$3,000,000
($2- par)
of
cost
deficit, $800,927;
,
9
.<
stock
$909;
stftte' taxes-
638;
,
1941', $66,-
$27,000;
'
'
Thb" directors have declared; a dividend of 20 cents per share" on ttib
May 31, 1946, of *thb ahtliofized shares, 6,407 shares were re
common stcok, par $15, payable Sept. 14 to holders of record
to officers and • empl iyees and 55",000 ■ shaiefT were
Aug. 31.
reserved for warrants' attached to the 27,500 outstanding shares of - Am initial distribution of like amount was made on June 15. last'.— '
cumulative preferred stock,- with warrants.
V. '164, p. 727.
Since May 31, 1948.
and to and; including. July
8, 1946; 660 shares of. cbhimott stoclc
mjmmh
have1 been" issued bn exercise of warrants.
Subsequent to May",'31, ;
1^0t^-—For mechanical reasons it is not always
1946, 20,000 additional shares were reseryed fpr warrants.attached to,
the1 T0.9004 Shares of" 4%" Cli'miildtive "pfeferfed" stock," with warrants",
possible to arrange • companies tn sxact alphabetical.
order.
now,offeredv r
■
•
Howedef, they are always as near alphabetical:
.
,•
;
PURPOSE—The net proceeds to be received by the company from
position as possible.
served .lor- sale
.551,948'
.
derived" froiri
'
Authorized
.
due Sept.
A,
31, 1945
receivable,
-
•At
553,080
t266,75'7
41547,000...
1264,000 i
1298,000
.1262,00$
; 1214,000
"Before
.
'
■
•.
..
Serial notes, 2V2 % to 3%, due $600,000 annually Aug. 1, 1949 to 1953-,-
Commoft
$198; 721
.>.$47,828.1
.
I, -1951Preferred" stockV $160 par value.
SyaS cum. pld; stock (with warrants)
4fe
cum: pfd. stock (with warrants)
Profit
150,716
4,328,075
'
Subordinated debt—4% deberituros, se-!
^
Net
,
Taxes* *
Income >
19404.
1942_
-
"
Federal--
.
•
Sales
Aug. 31
1943
22,778 shs,;-
-
*
.
lOO.OOb ishs: '
OF DEC.
bank", $82,456: accounts receivable, $237,5&0; div¬
$800;
marketable
securities,
$1,033,536;
miscer'laftetmS investments, $146,387; deposits to secure
contracts, $152,632;
real estate, $1,050; furniture and
fixtures, $1; prepaid expenses, $100;
total, $1,654,512;
'
■,
■
-
generally
what.is
CAPITALIZATION 0IVIN6 EFFECT Toj*RK®Jr
„
f
.
be
hi -financing
directly
engage
or.in
business.
their
v
EARNINGS
OF
Net
...
1939
advances
ries
SUMMARY
Yrs. End
'
.
inCome -to
the
SkEET A$
ASSETS—'CdSh ,1ft
;
idends
.
not
safes,
business.
,
^
!>
150 000 shs.
($25' pkr)-
and
year.
BALANCE
,
either•.
lien,
a
of paper acquired by other finance companies in the regular course
$3,000,000
~""
"
preferred stockS"
by
secured
are
known: as. the "small
Company does, however, purchase or rediscount or
or' loans
agaihst, automobile paper or other types
their
or
loan"
nntdtmdinff
due
debentures,
fund-
sinking
Cumulative
and", the," like>
company*, does
make
A,ifhrvi.7Prf
,,
loans
the
on
photoplay.
/The
dealers
$3,000,000
,
•
.
PRESENT FINANCING
CAPITALIZATION GIVING EFFECT TO
Such
loans.
junior,
or
ertied; .-copyrights
debentures-, (b) the net proceeds from the a- ■■ on March 8; 1946,■ of
sale •—«r-r.-".a--^~v-v--r,.":->.-7-r:
*■
100,009 shares of the company s 5 $ cumulative preferred st9c->
A. ($25 par), amounting to approximately $2,289,000, and (c)
general funds of the company.
such
tangible and' ir.tangibie assets' of 'the
photoplay, such as the films," the literary ariT musical material, prop¬
primary
This project
sale- of the
Fla., at a- total cost presently estimated ;at $6,5OO;GG0.is'being financed from (a) the net proceeds- from. the
in
company
through a wholly owned Florida subsidiary, is constructing a
kraft pulp" arid paper mill, with converting facilities, outside Palatka,
pany,
■
$2,030,682
and
(With
;
to: be
not
uvuveea&,
proceeds'are
^ ^
»J^y
-
have^been under the same management and famfty
UNDERWRITERS-r-The names of the underwriters
.i3^hen>s^:■&*!:.. of;shares of 4^ cumulative" preferred stock
'
'
.-The company is engaged in producing and selling paper .and paper
products Tt manufactures kraft paper and tissue paper which are,;,r commoii .iocs wmcn they nave respectively
as, follows:
coriverted' respectively, : into gummed sealing tape and into toilet tis- (
.Preferred
sue,
towels and napkins.
Its three mills, with an aggregate annual ,
ShareS
capacity of approximately 37,000 tons of paper, are located at Bellows
F. Eberstadt. & Co., Inc.-1,100
Falls, Vt., • Augusta, Me., and Lansdowne, Pa.
,
, v
; Eastman, Dillon & Co.
1,000.
500
UNDERWRITERS—The names of the several underwriters, and the : MitchUrii, Tully. &; Co.
principal amount of debentures to be purchased by them, respectively, } Boennirig St Co."
Shares
Loewi
^
-
r
California
500.
300
2,500
500
200
3,009
700
&
Inc
40Q
300
Company,cInC.l
Walter St Hurry.
Bingham,
•
-
:|?W;
^v'raa
'
-
HISTORY
incorporated
BUSINESS—Company,
AND
~
-'V-"
■
iri
:
I'Ahrt
-
onrn
%'nnri^
FrtAfti
lortAi
159
1
Delaware
100
lnC'~~
,
rivSchlri^^
SCO
i
::
'
109"
:
v. it*, p.
aid to
*
fee * company. ori • Aug. ? 12' announfced fHO* apPOKfiheht; of.
advances
l^/
Laird;
BIss=elTT &
Meed'sli:
164
y
.
955.
p.
;
•
3: receivables
-
obligations
and
through
acquired
$555,200
!
year
1944.
Hanscom
Mr.
t:t:; !
■
several-
group; of clients is
facturers,r* distributois.r-and
processors of
served, ..including
dealers
and
owned
**"
by rRadiarit Heatef Cotftv Of NeW Yrirk arid the K. L.
Detroit, Midh.
Detroity MiCh.
Ihfraelect'ilc' Will riaridle the? sales of a radically
! of
of
jointly
Howard
ioans * against- ! the sales accounts- of "clients, The*
seHers pass on their customer. credits, and the accounts if acceptable
to- the company are assigned to the company with .guaranty of pay-;
merit, ' The sellers' undertake, their collection: for the company ori a
rion-notificatlon basis, that: is' to say, the customers -are ..not notified
chasirig or1 making
A.
- has. been;
appointed - Southeastern Division
headquarters in Atlanta, Ga.
Flynn
Manager with
Ambrose
different,
TTl
i
ri'foi
to
Hunt's
Is
e
the
f'r>
'
.;
Thompson .hav'e been
Sales Manager.
<4 {•«, A
distribution and" advertising drive
strong national
ekp'ec'ted'" to "produce a
r? i of
"Ki
sales-volqme' in
yeaf
excesa' :of :$50,QOO,000:! Th'e'"'
Jacobs
He- ad'ded' that Ihey.
said.
will
be
in
one
the
of
rir-':r-fIri
.**<£.«'•-u*.5:.^MV";(•
;-.-n
office
in
the
main
plant
of
the
1043 Spruce St., Detroit I,; Mich. Basil A. Needham
has' been elected President of Infraelectric in addition to holding that
..
Wash.5^
riotificatiori
35
Smridise
and dfelivefy cldririk orJ dispute' Srid the1 Uk& These operation^.
handled on a notification'- basis and the collections* are
directly by' the company!
Iri some instances- they' are handled;
used
for
develophierit
cents
with*
a-
jAIriing' property,
office; itt the Radiant' Heater Corp.—V.
the'
J;
-
-Increases
...
loans' or. inventory, usually due on«demand and ordi- . .
warehouse receipts- covering inventories- in " pUbllri ,f,
field! Wareri'ousek (and in some cases by liens on inventories not ^
makes
or*
so
and protected by fire-insurance.
Such: loans* are1
as the pledged inventories are withdrawn .for
sairi-and;--in" most cases; thb' company purchases, adagainst or factors the accounts1 receivable arising out of such*
warehoused)
-
vances
.
.
or"
1
.
-"1
"
liness
<
«
...
i.
-
'.AXviWri/'ittii' 1
:
share
which-was
the
of
'
*
iri his mid-year report td
*»
'
f
,
*
.
:;*
stockholders,
^1
,
i"
*
liberal supplies and unusual, consumer demand for
merchandise,f- alonii with' loWer- Federal tat rates,, were primarily
responsible for the improved profit jshowing over A year ago; *
issued
old-no-par,
Retail
Aprik Lrih k baSIk-rif tWri- sharieS" fori-
common*
stock.
In
1943
-
the" old- stock
j-•
V
■
,
.■
sales. 0f .$40,864,287 for-the,28 weeks -were -the- highest
.spinning and; processing viscose-rayon filament yarns, has been Vice'President of the company-since 1930 and; a director since 1933;—Vv 164,
".><
r,3
,
,
;
.
"
'
-
-
!
,
.-
;
'
.
in the
increased 28.7%" over 1945V The rate of
apprdxirriritely the-skmri iri" both thb routes arid storeri'
history" bh the* buSiriesk and
.increase'wasr
,
"•
*
eeies;; dlle* to1 niore1
..
..
el«tea Hayden1 B. Kline to tho nWlji citeftr pbW
Vipfe-PreSident and- to iriembership on* the executive bbmiriMrili
4-V»
■tfjpJfi
^•14 Js
Mr. Kliner Who
mittee/Which wks i increased from three to four,
joiried' the: company -as- k - research*; chemist in 1925 arid was the
leading figure rin development of. the company's method for coritiriubus
inil-fflh i
,v:
Tli'ri company* also" purchases at a discount from various business i
oripli»ri'
fl«rtWi P'flnffii'vnfl
Tay^'V
concerns
instalment * notes ) and contracts .' arising from- deferred
ment sales.' Such paper- is payable.;
=
Ur
-'*•
1
calps.
eacri
of Executive
liquidated
generally
processing
stock
common
•
■narilV secured by
"
interim' report? of operations for the first 28 weeks of 1946
shoWS earriingg "Of $1.96t per share of common stock after all charges,
inclUdirigr pVovisibrif Of $100,000 fbr contingencies and inventory vaiuatiori;-; These* were'|hb highest, in the history of.the company.,; In the
sarilri weeks Of 1945 earnings Were $1.05 per common shaTe.
Spectacular
The-
a'
cases
Presiderit,
Luridirig;
said:
Issue
Dividend1Industrial; KaySfir
ribri^notificktlb'iP bhsis.-s Retail' fuctbriri%;cdriimenced'Mrit1939;^:.
,f
■was
almost entirely'suspended; during. iri^war.VbceaUse* of lack of • mofe OfficiaI-5-r
demand1"- therefor; bUt such operations may be-resumed
if demand .
The,:directors;ori-5Aug,- 16 increased the quarterly dividend' rate on
the -common" Stock from) 3V/& cents; an share to" 50*' cents,
therefor arises and if conditions appear to warrant it.
per -shlare,
which is 'payable- Sept. H? 1946: to holders of recbrd Aug.
28,. 19"46r
In fc'orijurictibri'
with" tite* cbmpknV'V - purchases of or advances
Thig:.bringt^the. anmial dividend rkte* to $2 pet share"- ori the*.rieW
against'-or factoring of accounts receivable, the company in some
3'oiri
164, p. 423.
.
share.!
underwritten.
.
'
'
,
■*:
JTe^el Tea Co., Inc.—Earnings Increased—
generally
mAdl
'
not
be-
*
Jricbbk sdld he anticipates production of Infraelectric heaters
Ji'f -fvWf ff* A&--■ r%'Aifh,-'-
its- home
Prbceeds- wiil
.
facilities' wHl' not be- necessary. *
M¥,.
-
i
;
_
made
1
,
company's 11 plants and that the construction of "additional" buildings
or
this
■
,
factuved1 by the Fl L. JdcobS Co;
Both' unit's will bd iftanufkctured by the F. L. Jacobs Co. exclusively,
Mrl>
appbiri't'etF
Western- Division
ri<i finridl:
[
.
the completely automatic home lauhdry manu,
;
Pampbell-Bradt. and. Howard ,.W.
Assistants
'
dealers for LaUnderall,
-E%;Stevens will become thte Western Divisioh Sales' ^an-
agCfiri' the'riew sales organization.;/
:
Skies
;
.
'permancrit;
element.
are
•
Jacobs Co. of
e'lCctric-( r hbinb-hearirig^units "vftth glaSs as the basics
Iri additipri; k cdmbiriatiqn portable heating\uriit and'tray
will'" bk ' distributed! through'7 the network of distributors and 5,000)
'
-
;
its* operations^
formation
"widely diversified
a
':
,
.
casn.
v
■
225 lire to the dollar.
of
said; no ; comprehensive information had been- receivedas to the physical condition of properties owned by each of the" Italian
" corppdnies, in which Italian- Superpower has investments and that the
• effect on investment values cannot now be appraised.—V.
162, pp.,
2149" arid 18901"'
' '
'
'
'
■
approximately
>
-
^
;
and in! otherwise lending funds • and giving' finaricial
busiiiess concerns.
The company's assets cbrisist almost enl
assets;
•
--
590
100
--
_
609
200;
Batefiiari, "EiChler-&
and
for
the year
A
?C0-
lOT
Bocttchfer and 'Company-
1945
reserve- of $l7,79O;000 for the corporation's* Italian- assets is
included in it's balance sheet of Dec. 31, 1945, this being the adjustmerit: required' to state the Italian assets at the new rate of exchange
,
22?
'
20,-1919"- is engaged
current operations of; manufacturers,; distributors;;; dealtrs, ,mercnartts'
ami- Others, by purchasing or making
ohlw
receivable, notes, 'acceptances, instalment^ paper - and other obligations or documents or otherwise-;
also in making direcV. loans or
Nov.
$559,909* for the
mately
200
Ch'ace, Whiteside- & Warren, Inc
'
ti0l4s Preventing the exchange of lire into United States currency, they 3
" bav^ notbeen'realized;in dollars. The corporation, Mr; Hanscom said^
:
b^en unable t0 obtain any information as to any eventual cdttvertibilit'y into.' United States currency at any rate of exchange. The •
report shows that after allowance of approximately $348,000 for accrued
and unpaid interest on its debentufes .and for debt discount in each '
of the two years covered by the report there was a net loss of approxi-
i^nh*
-
'
details follow*
,
: rentey from sufchJ-assetS.'
*
,,
> 7
J
The .corporatifoir's' receipts in lire are not included in the1 income
:
account, the report shows; 'because; by reasod of the existing restric-v t'
''
I'fthn
1592dd"
.
-
.
: l'otf
.
because
"
.
m
-■
'•'f
•■i
2,000'
150
-
:
2,009
2,000
309
TuckcrV Anthony Si Co;.:_i—
pirchase 20,00ff shares of ■ Cotatton .slocfe) aftd
Anies; Emerich &' C'p., Inc:
sBares common stock ($2 par). The preferred stock was
and
i)flced at' $101 per share and div. and tKS commoii at
the common at
.:
$16.75 per share, Proceeds with respect to 75,000 shares
Mead, Miner & co
of common stock- are to be received- by the company and
k w ciueag & .c.o
proceeds with respect to 10,000 shares of common stock - ^a^^0Coj:;
ar6 to be* received by1 the selling stb'ckholdCrs. Further
witiierspbori; and: Co., inc
-
;
1,509
-
209
Mr.
tions
.
2,000
200
-
i
2,500
460
..200-
„
•
5,000
2,009
350"
Arnold,
stix St co..—:
Co.—Stocks Offered—F. Eber-
*
3,509
*;
Company—.
Kirchofer
50,000
•
2,000
Pr^sbbft^-^C6)ri^'tf^TiK5.?lo.
60,000
•
4,200
6;0oo-
'
700
-
Doolitt'le, Schoellkopf k CbBranclv, Cabell &' Co;—
Newhahrd,- Cook & Co;_^___.
150;000
Ferris. &
(Watt^F E.) IlelleF &
;
Hsvwley, Shepard & Co.
Miller & Co.—
First
200,000
150,000
& Company.
: " ';
Scott
-v. 164, p. 556. *
Grubbs,
Co.-..—
Reyel
225,000
Shuman, Agnew & Co.
Maynard H. Murch & Co.
Piper, Jaffray & Hopwood
Harold E. Wood and Company-,
Richard W. Clarke Ccrportaion
.
-
$1,365,000
800;000
Higginson Corporation
Shields & Company-—-———
Lee
i
t
&
cbrpbration's outstanding ■-securities are held' by Italian'inter¬
Hanscom said, .its assets are subject to "freezing"' -restricthe corporation is technically classed by the Foreign
Funds Control authorities".as. an-Italian "national.""
"
Mr. Hariscbm"reports that lire dividends" and interest on the corpo- •
ration's Italian investments Were- deposited
to its
account in Italy "
during'th'e wtfr years'up t'o Dec; 31; 1945, in- a total amount of approxiimately 73,300,000 lire" not previously reported in financial statements' of .the corporation-.
Mr." ^Tanscom's report also shows payments aggre■
gating approximately 40,000,000: lire- not previously reported for securi- f
ties* on-the exercise- of subscriptions for. additional shares' of -sfrock* in"
Italian companies• ih whi'ch the corporation already owned securities;
Although : irt' the"'financial statements included in the report, lira r
amounts are expressed at the official rate of 225 lire to the dollar, set
v.
by'Jtaliari government .authorities "in February, 1946, this should not * f
be taken to
mean, Mr.
Hanscom stated; that the coftceril'S Italian :>
assets-: cduld he realizedMupon in terms of Uriited States currency at'
any exchange rate at the present time, or as any .indication as-" to'the"7
ambunt" which might eventually be* realizable in-Uxiited States cur- "
ests,
6,50%
f
-
ar follows: ^
of -thV
12,700
..
are
because of the necessity of obtaining a license from' the United States''
Foreign- Funds ■ Control' -authorities; '■ Inasmuch as a substantial part
Commcri
Johnson & Johnsnn^Unit
fee
chi&pee Mariufacturirig
subsidiary,
3 seat
Develo^sNew*Frbducf-—
covers
had" begun
-at
its
new
Corp.,
production of
Lumite
plant
wholly owned textile weaving
Woven plastic fabric for auto
a
at
Corneliai
Ga.
Using
Dow
-i,Chemical*s.i Saran;:plasticv«Chicopee has, also made plastic screening,,
!lawn chairte,;upholstery and drapes.:—VV 162,. p<; 2582.
-
THE COMMERCIAL & FINANCIAL CHRONICLE
1086
and*
addition
makes
less
returns, f allowances, vu;:
':±>„ )v„ ^
vi¬
discounts—$17,387,708 $10,477,888 $12,200,105
sales_-._„^-„——-.13,315,680;
8,201,967 v.;9,318,499
Sales,
Cost
profit taxes," Reuben E. Sommer, President, stated.
"That fact, >:
Magazine Repeating Razor Co.—Declares Extra Div.—
to a high rate of operations at a satisfactory profit/level,:;";
The directors on Aug. 16 declared a
third-quarter regular dividend"
it possible for us to distribute the extra dividend at this time.
of 25 cents a share and an extra
dividend of 65 cents a share on
"The demand for our products continues • to 'be greater' than our
the common stock, payable
Sept; 27," 1946, to holders of record* Sept
ability to supply and the manageraent;4ooks to the future' with: con-; '
17, 1946, it was announced by Martin L. Straus
j;fidencev:, Necessary, additions to our powerhouse are. under way as i ;
II,'President
Mr.
Straus said that, the total dividends
declared to date
well as additional manufacturing equipment,-, and the outlays for gen- v
aggregated ap¬
proximately 50%. of the net earnings of the
eral expansion* are in lin& witb those of the steel
company for . the first *
industry.^
,
,
'?
in
1945
9 Months Ended June
Monday, August 26, 1946
excess
Subs.>—Earnings—
-Joy Manufacturing Co. (&
*
7
*
.
Of
.
Selling, admin,1 and generat-exps.^i-i
-1,943,078-
-
812,707
.
; 756,373
six
1
Operating' income )-—u-*-.——$2,128,950^1,463,213 v $2,125,232v
Other inconm^i--_.'-----i.--9,657^
103,150" #>f;• 65,509'
-
iTotal profits and incomc^i-i--iv-v $2,138,60T'^$1,566,364
Xnterestpaid
~—
——
—<
29,647
Federal income taxes,; less post-war
;.
.
$2,190,741^
Negotiations, it is stated,- areuridet
refund
!'
State
939,350
982,200
60,000
La»Oet Con**, & Mfgv Co.
.Net Inc. of
The
83,700
The
Cr43;543
-
—»
;•
.
securities
to
president of Keystone,
firms
stock-
headed
»
by
pending
ket
income
Machinery
with
the
Co.
Joy
$494,516
$1.02
$1,187,999
—
share
per
$1.76
—
r
of the
the consummation
♦Includes the result of
; Koppitz-Melchers. Inc.-—Stock
& Manufacturing
Febi 28, 1946.-
and Ladel Conveyor
Manufacturing Co. on
$595,634
.
•
r
$1^55
'
.
-
plan
of
r
share
per
expired
shares.
y y;';V./
offered
were
July
and
26
Proceeds
to
stockholders
directors
will
be
have
used
for
of
agreed
.
.
expansion
281,
V;;*
of
The
iofin,
Period End. July 31—
Sales
and
Period End,
loan
agreement,
instalments
Railway
:
Net
oper.
Federal
exps
fr.
rev.
ry.
income
taxes__.
150,000
-
158,000
pther ry. tax accruals.
175,000
;,
981,000
20,844
$454,690
$2,923,405
:y<}
'
tfet ry. oper. Incomewy. 164,-p. 557.
.$521,619
authorized
199,824
.
Amendments and New Advisory Contract—;
Research: Associates,..investment:adviser.^.
on
The
"-
...
of
par
$20,
shares
.2.
-
of
71,273
and
shares
to
have
which
become
now
eliminate
obsolete
as
a
result
trust
of
the
termination
in
one
holders
of
section
have
clarify
the trust
rights,
voting
;
5.
amendment
An
the
to
voting procedure
agreement all matters
to
holders' meetings which follows
Act of 1940 and to provide for
to which
the
diversification
equal
a
fund
to
hold
by
more
this
than
10%- of
amendment.
the securities of such
It
should
be
noted
Erie
and
Corp.,
will
company
be
agreements
from
the
Lane
Net
164,
p.
727.
t
>y
Keystone Steel & Wire Co.—Extra Distribution—
The directors on
share
and
the
v
of 30 cents per share on
the
,
stock
of
Mallory
and
preferred
$100
par
employees*
stock, which
'
*
-
•"^•'-♦1944%#:^ *1943
v$ '*£/•
^
'
U.-f
s-,
••
-
r
1942 V
' "
-
39,647,866
43,898,907
37,119,707
34,494,170
27,668,84U
Cr583,719
Cr207,942
,
conting
4,000,000
5,359,816
8,379,373
4,909,572
*
$4.37
tNet income per share.
$7.39
/
7,000,000
-
3,000,000
2,988;456
$2.68
0,658,809
„
>
$6.0$
;
tBefore special adjustments in 1945 applicabla
.-X)'..
U". \"'
.-■■■
V-J
Day
contracts
agreement
entered
into
which
provided
for
net 'refund
a
appropriate, tax adjustments) of $9,227,406.
'
;•
June
and
December,
the
r;
paid
company
semi-annual
(after
:
.
dividends ot
$1.50 per share on the outstanding capital stock of the
company.
Total
dividend payments
for the year were $3,388,167.
Early in 1946 »
quarterly dividend policy
and
two
.The
its
v
,
of
notification
cumulative
Proceeds
preferred
with
and
...
was decided upon by the board of directors
disbursements of 75 cents per share each have been
made. ;
"Reserve for
which
be
Aug. 17 declared
stock,
$20,
par
on
the 5%
of
record
made
and
22.
stock
Contingencies Fund" has been reduced
stock,
par
March
on
$100,
1
of
the
cents
sales
to
$8,000,for th«
high
speed
across
and
and
each
and
With its top speed of 300 miles
Honolulu from
base
at
Francisco
San
Guam
in
22
in
render
an
than
nine
(after
From
New
and
York
from
the
to
New
York
Panama
to
Canal
Dakar
in
is
West
.
a
of
Pearl
flight
Africa
of
is
Harbor,
only
less
or
eighfc
than
13
hours,—V. 163, p. 2441.
output of
this
totaled
29,010,000 kwh.,
corresponding week last
reflects
the
offect
of
(Ky.)—Weekly Output—
for the week ended Aug. 17, 1946,
as
compared with 24,357,000 kwh. for the
year,
an
Increase of 19.1%.
This increase
company
the
observance
of
Victory
Days,
15,
Aug.
and
Aug. 10, 1945.—V. 164, p. 955.
Lytton's, Henry C. Lytton & Co^-June Sales—
Period End. June 30—
A 1946—Month—1945
1946—5 Mos.—1945
'
'Sales
$1,994,809
$1,229,628 $10,232,355
$6,325,947
Lytton's, subsidiaries and licensed departments, reflected
in the above statement, included those from the State Street store
in Chicago, stores in Evanston and Oak
Park, 111.; and Gary, Ind.;
licensed departments in stores in six other Illinois
cities; and sales of
♦Sales
of
Young-Quinlan Co., of Minneapolis.-
Increases Dividend
vc
directors
The
on
the
Aug.
of 20
30.
on
common
This
cents on
Aug.
stock,
30,
contracts), $600,569;
for
depreciation
$1;
deferred
and
on
Common Stock—
under
1946.
15, last year.—V. 164, p. 955.'
An initial
.
of
20 cents
was
paid
on
•-v
Oct.
actual
and
estimated
terminated
war contracts,
income
tax
withheld
from
employees, $177,844; wages
$274,842; advances received under terms of contracts
(net),
$18,278,194; due to U. S. Govt, for renegotiation refund
applicable to
year 1944 and for price reductions,
$12,106,433; accrued Federal and
State. taxes,
$31,008,440; wages accrued,
$133,498; vacation wages
accrued, $1,303,739; accrued expenses in connection with settlement of
payable,
terminated /v^qr epptrsefs, $1,372,830; other
accruals, $31,364; deferred
income, $3,604; reserve for contingencies,
including' renegotiation of
war
contracts
and
postwar expenses and
:•
adjustments, $8,000,000:
capital stock (par $1 per share), $1,134,229; capital
surplus, $12,363,315:
earned .surplus, $36,065,459;* total, $137,948,234.
•"
y
Semi-Annual Report—
*
•
'
s"
>
Company has . a backlog: of business amounting to
approximately
$175,000,000, Glenn L. Martin, President, told stockholders on
July 26
in
letter
a
to
stockholders.
reported
among aircraft
commercial orders.
■
,
The
backlog, one of the largest so far
includes both military and
manufacturers,
-
*
1
-
approximately $22,000,000
of the current back¬
log will be delivered during the last six months of 1946
mately $75,000,000 during the year 1947.
Mr.
Martin's
letter
pointed
out
that
"while
the
net
and
sales
approxi¬
are
sub¬
stantially under the volume of
war years, it is
gratifying to know that
during this period of readjustment the
company operated at a profit."
Orders on hand for 328
twin-engined transport planes represent the
largest total of postwar airliner sales made
by any company In the
world, it was pointed out, 132 Martin 2-0-2 and 159 Martin 3-0-3
twin-engined passenger transports and 36 of the cargo version of the
having been ordered by the airlines.
v:.:y.;-y
In
December, 1945, the company had approximately 10,500 stock¬
2-0-2
holders.
'
-
'
,
V
,
,
CONSOLIDATED RESULTS FOF SIX MONTHS ENDED JUNE
30
,r\
'
•v.;-:.-'
.
* '
•
"Before
.
.
'
;
1946
L
,1945
charges, incl. taxes
renegotiation
but
M
$
IV.-;-.■
sales--
Net profit after all
a
dividend of 30 cents per share
$1, payable Sept. 12 to holders of record
with 25 cents paid on June 1, last, and one
including
vendors
$15,694,463;
Net
19 declared
reserves
.
payable,
subcontractors and
(after
of
$5,983,932), $5,533,229; patents,
insurance, cafeteria supplies, etc.).
'
;
(prepaid
$584,266; total, $137,948,254.
of
cost-plus-fixed-
plant property and equipment
amortization
charges
—18,467,137 195,867,196
901,878 !, *4,747,593
after: taxes, and
par
compares
Jan.
of
insurance on life of President,
$341,898; housing and
projects (Including land, buildings, equipment and
utilities),
depreciation and amortization of $2,209,852), $1,331,-
reserves for
Mr. Martin said that
Louisville Gas & Electric Co.
Electric
advances
($2,250,000
LIABILITIES—Accounts
hours, the great naval
hours
flying 4ime by way
Tokyo in 19 hours by the great circle route.*
hours
value
commercial
claims
priority
•.
'
hour, the Constitution will reach
less
$1,040,955;
231; fixed fees retained by U. S. Govt, under terms of
.
under
or
fee
to carry personnel and
with great economy.!
range
oceans
-,y
of
sub-contractors
•
extreme
continents
:
"
including accrued
on
purchase contracts and to major
restricted
as
to
use
when
collected)
$2,888,073;
Inventories—work
in
process,
based
upon
accumulated
costs, and materials and supplies, based upon
physical inventory and
valued at average cost,
$10,050,576; funds for contingencies etc. (U S
Treasury tax savings notes due 1946), at cost, $8,000,000; cash sur¬
interest,
,,
cargo
adequate
reimbursed under emergency plant facilities
contracts,
The Lockheed Constitution, largest airplane ever built for the U. S.
Navy, rolled into public view on Aug. 21 in Burbank, Calif., to prepare
its sky premiere.
'
After three years of official secrecy, the great silver
ship emerged
from its towering hangar in which 3,000 engineers and skilled work¬
men had built into the Constitution the most modern innovations in
aerodynamics.-:)
1
-''-v
•
A 92-ton airplane with a" capacity for 180 people, the Constitution
was designed to meet the
Navy's need for a large, land-based transport
with
is
$91,705;; (contracts 'termination .claims,,- including restlmated
amounts
applicable to claims in process, less advances bf $63,421,261 received
under the contracts, $12,488,575;
expenditures to be reimbursed under
cost-plus-fixed-fee and other contracts, $1,514,286;
expenditures to be
728.
v
management
due 1946 (incl. interest), $11,552,063; excess profits tax
bonds
(collected
in
1946),
$3,624,904;
accounts
receivable
(trade), $12,713,580; net claims for refund of.prior-years' Federal and
State
tartes- on' income,
$339,476; ^miscellaneous accounts receivable,
1946—Month—1945
1946—7 Mos.—1945
$2,759,046
$2,186,921 $25,968,140 $21,212,290
—
the
refund
Bryant, Inc.—July Sales—
July 31-r-
of
indebtedness,
125,000
both payable
30
opinion
to repay an equivalent amount of advances made
by,
the U. S. Govt.), $26,287,167;
Treasury tax savings
notes, due 1946-47 (ir.cl. interest), $38,965,700; Treasury certificates of
a preferred share
used for purchase, of
Distributions
the
CONSOLIDATED-BALANCE SHEET, DEC.
31; 1945
.ASSETS—Cash (includes $1,436,464 restricted to expenditures
department
dividend of 30 cents per share
the regular quarterly dividend
preferred
Aug.
the common
on
a
in
contract with,
price,^ $100
will
-
I
Martin, President, on July 26 said in part;
<
and continuing through December, 1945, U,. S. Govern¬
with this company calling for
airplanes, spare parts,
etc., with an aggregate value of $464,000,000 were cancelled. " This,
together with terminations occurring after V-E Day, brought the total
of all cancellations to approximately
$500,000,000.
v
; •
In December, 1945,- negotiations were
concluded with the War De¬
partment Price Adjustment Board with respect to 1944
earnings and
1946,
as
company
few
a*
■-
47,451,082
—
On
N.
Erie
will
by the purchase)' for casli of
Glenn L.
for
Aug. 20 declared an extra dividend of 40 cents per
usual quarterly dividend
capital stock. -An extra of 80 cents was paid on June 15, last.
Last
year, only one extra was disbursed, 20 cents on Sept. 15.
•
"Beginning July 1 with our current fiscal year, the company's rate
of profit will receive the full benefit of, the, elimination of Federal
Lake
rela¬
30,573,637. 25,235,106
(net)— Dr4,498,072 Br4,143,372
Net
ment
Lockheed Aircraft Corp.—Presents New Ship-^
expressly
in respect to immunities of the trustee; and (f) to delete
to the trust agreement the two legal opinions
above.—V.
by
on
'
letter
a
6Yc
share.
share
—V. 164, p.
pro¬
addendum
filed
par)
holders
Period End.
permit the trustee to
add to the primary list of a. fund securities, acquired by, the exercise
of rights or received as a consequence of the ownership of any security
already on the primary list; (b) to include certain taxable proceeds
of stock
dividends, split-ups and. rights in the definition of "dis¬
tributable
income"
rather- than
in
the
definition of "regular dis¬
tribution" and to incorporate in the definition of "distributable in¬
come"
the views of legal counsel as to the meaning of the term
"income"; (c) to incorporate into the definition of '"special distribu¬
tion" the tnteroretation of legal counsel that the trust agreements
mentioned
-
trade
on
Both, plants
of
-V'-v
income
to prior years.
June 1, this
Payments in 1945 were as follows: June 1, Sept. 1 and Dec. 1,
30 cents each; and Dec. 29, a year-end of 20 cents.—V.
164, p. 727.
remain
permit the trustee to extend to shareholders the right to reinvest
special distributions of capital gains In shares of the same fund at
net asset value; (d) to amend the definition of "special distribution"
to permit the trustee to pay distiibutions of capital gains in either
cash or shares of the funds (in the event of a distribution payable in
shares, shareholders will be given the opportunity to elect to receive
cash rather than shares); (e) to clarify certain provisions of the trust
effect
company.
management
1945
♦After renegotiation.
year.
the trust agreement to clarify. the statement of
plan in Article 1 and to make specific reference therein
to the diversification requirements.
amendments;; (a), to
($100
Offering
on
common
to
3
also
were
amend
Technical
Kenmore*
carried
common.
common
a
$1.25 per
Sept.
purpose and
6.
par)
12
Aug.
on
shares
500
($1
the
on
of
Act of 1940 are designed to assure adequate diversification
but may have the effect of preventing equal diversification.
It Is also
t
for
"
.
Lake Superior District Power Co.—Dividends—
Company
to
v
income——
State
credits
sum ;
15,
and
In
company
for
The directors
share¬
this
per
machinery; factory space,trahsforhier station and for -.working eajjital.
The
present' notification1'Ican^l^' a previous
notificatiori. covering
50o shares of the preferred and 50,000 shares of the common.
Issue
not underwritten.^
~
'
'
'
vision1 of the trust agreement, and similar provisions of The- Investment
proposed
^
-
an
Engineering
m"-";V
and $1
provision
will
that
either
common
shares
000,
The
the
unchanged
$1
300,000
share by
-
Pittsburgh
shares
adopt a voting procedure for share¬
provisions of the Investment Company
the establishment of a record date.
eliminate
to
par
the
Feller
SEC
trust
hibiting
of
by the
4,000
^
Reserve
convertible
value of
Lake. Erie Pulp and Papot
Monroe, Mich.—Files
With SEC—
v■
and bring together
as
cumulative
par
no
price
250,000
Income
.
agreement.
The provisions of the trust agreement pro¬
purchase of any security of a company at a time when
such purchase would cause more than 5%
of the total assets of a
fund to be invested in the securities of such company or would cause
of
shares
held
had
taxes
<
^
services of Boston
Fiduciary and Research Associates, the present investment adviser, and
it is contemplated that the present executive and staff personnel of •
Boston Fiduciary and Research Associates will be unchanged and that
its present research facilities and methods will be continued.
•'3. A new investment advisory contract to continue the services of
Boston
Fiduciary and Research Associates,
thtf present investment
advisers.
The basis of compensation is the same as in the present
contract and involves no expense to investors as the investment adviser
Js .retained and <x>mnensated by the trustee. ;
to
4%
the
from
The
purposes for which., it wa3 created.
referred to below continues for the term thereof the
amendment
17,000
closely
Operating
Engineering division, with Karl Feller, the former President of
company, as General Manager, with headquarters in the
Empire Building,. Pittsburgh.
■■
.'-v
liquidation in 1945 of certificates with warrants and to simplify the
trust agreement by deleting all provisions dealing with the investment
adviser.
It
should be noted that the investment advisory contract
4. An
of
the
agreement
the
immediate
no
Feller
^
Of
provisions
of
change
stock
common
<
former
to
to
to the John
16.
Set sales^-—356,162,188 500,445,422
598,072,796 337,556,000
Cost of sales-----!308,711,106 460,797,556 554,173,889 300,436,293
The corporation has taken over the feller
Engineering Co. of Pitts-:"
burgh, .Pa., designing and engineering firm specializing in hydraulic
extrusion'presses.'
"
Robert; E. Dillon; President; said on Aug.-20'that "acMvities-of the
of
Amendment
An
Aug.
CONSOLIDATED INCOME ACCOUNT FOR CALENDAR YEARS
Acquisition—
reduce the present management fee of Vz of
1% on that portion of the combined t market
value of the Keystone Funds in excees of $150,000,000.
The manage¬
ment fee on, the first $150,000,000 will remain unchanged.
r
;
,
Russell,
•
••
J60, p. 1633.
Sept.; 30,; 1946 If approved in
amendment
An
on
$2,000,000. In announcing the purchase
President of the Stetson company stated the
1
approving a proposal to create
Only stockholders of record at the close of business Sept.
shall be entitled to vote at said meeting.—V.
,
follows:;v.t
1.
was announced
of
excess
(Glenn L.) Martin ,Co;—Attnual Report—"
Fed.
on
<
declaration
or
formed 123 years ago,
was
Philadelphia
in
than
282.
p.
.
4%
new
stock.-
.
1%. annually to %
1946—32 Wks —1945
share;
1
preferred stock will be. offered In exchange for the
6% cumulative preferred stock,, par $100 (11,873 .15/20 shares out¬
standing) on the basis of six shares of 4% stock for each share of 6%
.
,
on
recently at 110.
Mallory plant consists of 24 buildings.
Production capacity far
hats annually with sales of about $3,000,000.—V. 164,
The
;y
.
as
of
be
company
about
value of $4.50 per
writing before that
date by the holders. of a. majority of. the shares in each Keystone
Fund.
If the. required majority vote-for approval is received on or
after Sept. 30, 1946, the amendments. and.'the contract will become
effective on the first day of. the ensuing month. .*
»:•. The* proposed ■ amendments > and.mew- contract are summarized ■ briefly
effective
L.
more
The
$679,588, representing the difference between the aggregate stated
value of the 194,168 shares of issued no par common stock
(incl. 1,298
shares in treasury) and the aggregate par value of the same number
of shares of new $1 common stock.
The no par shares had a stated
proposed amendments and new contract summarized below will
The
company, which
Co.
to
Which, was
of
On Aug. 10, 1946, a ballot: statement was mailed to all shareholders
soliciting their approval of five amendments to-the trust agreement
and of a new investment advisory contract with Boston. Fiduciary and
become
the
1946—7 Mos.—1945
transferring from capital account to paid-in surplus account the
On, Five
Keystone Custodian Funds* Inc.-r-To Vote
issue
stock,
Lake
t s.
,
$9,448,414 $76,624,521 $66,005,542
15
■
>
.
.
The Stetson company obtained control
1948-^4-Wka.—^1945-
.
Stock—-1
authorized
$3,561,731
$675,358
-
Jr.,
change of ownership will have
tions, management or personnel
be operated as separate units.
Shares-rAlso. Plans Change in Par Value of Common
:
$5,011,018
1,383,967
,65,319
$682,038
'■ .148,064
12,355
oper.
this
of
said
$43,698,261 $33,724,542 $318,520,615 $270,045,480
__——___
Eversharp
also
i
1,235,000
$3,816,802
851,483
41,914
income
Equip, rents (net Dr)—
Jt, facil. renta (net Dr)
Railway
dividend
company
is consummated
stock
common
declared a third-quarter dividend of
$1.25 a share
company's outstanding preferred stock, payable 3ept 9
holders of record Aug, 26, 1946.—V. 163, p. 3139.
" v
*
to
George
La France Industries^-To Vote on.Issuance of New
4%
Preferred Stock in Exchange- for present 6 %: Preferred
$9,796,018
3,550,000
;
the
of V/a
shares of
Razor common.' -
Razor
plan
for
basis
a
Razor
Stetson
was
stores- in :operation^during' the .four, weeks
ended Aug.
10, 1946, was 2,655, compared with 2,800 in the cor¬
responding period of last year.—V. .164, p. 727.;
r
.
B.
The averagc number of
an
$5,697,802
900,000
$1,150,358
300,000
$990,038
oper.
the
the
two companies now
Eversharp Inc declared a
stock, which under the
exchangeable
on
common
common
Repeating
said
if
one::year,
1946—Month—1945
1946—7Mos.—»1945
$2,695,163 $3,118,511 $16,946,483 $23^586,482
1,705,125
1,968,153
11,248,681 13,790,464
Hallway oper.. revenues*
effective
board
the
Sale
1946—7 Mos.—1945
1946—Month—1945
Period End? Aug.vlO—
preferred
.
be
be
Razor
Magazine
.
the;
which
Inc
Mallory Hat Co., Danbury, Conn.—-New Control—^
164; p. 423.
Sales
i
Kansas City Southern Ry.—Earnings—
31—
of
25,
■
that
as
of the
merger
July
Its
on
will
Repeating
announcement
1946,
;,v.
16,416,491 124,961,053 116,722,649
$10,866,276
The stockholders will vote t>ct.
-Period End. July
under the
share
a
same
Eversharp,
was called
annual
in
due
due 7within
July 31—
cents
.
(The) Kroger Co.—Current gales Rose 30%
payable ta.banks..IncUcurr., instalment on:term;
instalments to Dec. 1,
$250,000), $2,750,000;
notes payable to others, due May. 31,
1950, $400,000; provision for
future
contributions to Employees' Benefit Fund,; $226,000;
reserves
for post-war adjustments and other contingencies, $219,685;
reserve
for self-insurance, $76,820;. common stock
(par $1), $673,486; capital
surplus, $10,857,685; earned surplus, $3,136,230; total, $27,420,573, terra,
(after
18,039,848
Sales
—V.
out, is the
through
received
consummation,': On
60
share
not
The
on
(S. H.) Kress & Co.—July Sales—
$1,750,000; accounts' payable, $1,656,410; advance payments on
$2,792,385; accrued, liabilities, $643,212; provision for Federal
state taxes based on income, $2,238,660; notes payable to banks
1953
'
p.
The company in July, 1946. had 701 stores in
operation. compared
with 709 in the same month in 1945.—V.
164, p. 423.
•
orders,
under
at
Rights
unsubscribed
up
facilities.—V., 164,
1946—-Month—-1945
—
have
prior to Sept.
16, 1946, in which eve:nt, the Razor, company stockholders will
receive
the Eversharp- dividend,
payable Oct. 15 to stockholders of record
Sept. 15.
'
" '
(S. S.) Kresge Co.—July Sales—
and demand deposits in banks, $1,491,065;
United States
obligations; at cost
($100,000 pledged as
collateral to bank loans of foreign subsidiary), $111,719; receivables
(net), $6,129,570; advances to sub-contractors, $364,605; Claims for
refunds of prior years' taxes, on.-income, $2,857; Inventories, $14,376,094; due from foreign, subsidiaries,- not current, ,$362,267; investments
in
capital stock "of foreign subsidiaries, at cost (after .reserve of
$368,420), $263,151;.. other investment, at nominal value, $1; capital
stock of the company purchased for distribution to employees under
Incentive compensation plan, 3,806 shares, at cost, $93,752; deposits
with insurance companies, $77,859; property, paint and equipment at
cost, including $1,062,319 of fully amortized emergency facilities (and
after reserves for depreciation and amortization: of $6,366,062),
$3,t
901,514; patents \(after $18;785 reserve for amortization), .$91,717;
prepaid expenses and deferred": charges,; $154,403; total, $27,420,573.
on hand
Government
*
pointed
was
reorganization,
one
1946
CONSOLIDATED BALANCE SHEET; JUNE 30,
0 -ASSETS—Cash
7 vLIABILITIES«-Notes
June 27.
take
of
stock
common
record
to
r'
j
of
Magazine
for
Subscriptions—
Rights to subscribe to 128,697 shares (par $1) of
$1
of Sullivan
Co. Into and
merger
final
dividend
will
Earnings
year;,:.fe-;^
would
shares deliverable to them
>
■
'
of-the
-
-charitable organization.-—V. J63, pi 3286.
a
certain
<
shareholders
182,316 shares of stock now
in the negotations.
represent holdings of W. H. Somner,
and of the Forest Park Home Founda-
involved
understood
is
of
group
a
between
way
months
&&The dividend, it
,
for public sale of
Corp.
stockholders
stock
and
company
Boston
by
former
tion,
the
of
First
owned
1;.
1,453,600
64,800
mi
; income, tax--———
holders
57,806
.
Stockholder Group to -Sell' 182,31(T Shares—*
;
-
contingencies.-
•
'%.f,
Regular Quarterly Dividend—Has Backlog of $185,641,288—Adopts Five-Year Plan— .MA
The
directors
on
Aug.
16
declared
the
usual
quarterly dividend
ot
yGlume 164-
-
the capital stock,Vpayable Sept,'13 to holders of
and June 17, this
the company made distributions of $1.50 each on June
«75 cents per. share on
record Sept. 3.
In
year.
1945,
12 and Dec,
•
,
announced during July .$15,000,-
.
the same
period totaled
$4,358,712.
This,
he stated, gives the company a
net backlog at present of $185,641,288.
On June 30, last, the com¬
pany's backlog of military and commercial orders amounted to $175,-
COO
in
orders
new
had
©00,000.
a
Mr, Martin; also
*
,\
'A
during
deliveries
while
added
been
of
approved a proposal to change the au- :
276,808 shares, par $2.50
•
163," p. 2859.
and
i
*
:
'
.«
n
*
»•* -
..
;
,.
r. 3
and officers were re-elected at the annual
meeting: Glenn L. Martin,. President; Harry T. Rowland, First VicePresident; George T. Willey, Second Vice-President;. W. K. Ebel, Third
Vice-President;. Myron G. Shook, Treasurer and Assistant Secretary;
Morgan R. Schermerhorn, Jr., Controller; Thomas H. Jones, Secretary,
and Howard Bruce.—V. 164,; p. 282.
r
The following, directors
The San
The
offering of 239,940 shares of $2.10 cumulative prior preferred
The
will
Lynch, Pierce, Fenner & Beane, The First Boston Corp.,
Lehman Bros., and Paine, Webber, Jackson & Curtis, managers of the
affering, stated that subscription books are still open on the 479,880
*■*'*'■
829,'
'
\
1945
were
follows;
as
March
June
cents;
12
20,
in¬
20,
Charles L.
Harrison, President of Victor Electric Products, Inc., of
Cincinnati, which recently was acquired by the W. L. Maxson Corp.,
engineers of New York, annoounces the appointment of Clifford F.
Behse as Vice-President in charge of Purchasing for the Victor Cor¬
poration.
ing Agent since 1931.—V. 164,
15
Kelvinator
and has been Purchas¬
years
National Airlines, Inc.—Stock
Shoe Corp.—Plans
Stock Split-Up—
stock,
mon
of
$1
quoted
said
ex
delivered
cates
—V.
value,
par
by
distribution
the
164,
distribution
after Aug.
956.
p.
until
further
notice;
Yilie* Fla.v.;.
.
,;:
>
Operating
Uncoil,
revenues
rev.——L.'
oper.
8,990 ,;
Net oper. income
Net Income .4
$1,153,322
—V. 164, p.
$6,737,228 $14,166,042 $39,768,607
4,565,697
31,051,356
25,877,919
1,368,536
6,420,398
8,916,985
5,468,295
1,098,440
>
$802,995
783,542
1,125,423
notes
were
the
Issued
under
s
a
$26.75
Middle Weslfc
Oct.y 15^
the
time,-within
which
19
the Corporation
may consummate the merger
subsidiaries/Central & Southwest Utilities Co. and Amer¬
Co., and the reclassification of the preference and
stocks of Central into a single class of common stock in a
of two of its
ican
Public Service
common
which will be named Central & Southwest Corp.
company
mission
and
the
Federal
District
for
Court
the
District
The ComDelaware
of
Mississippi Fire, Casualty & Surety Corp.^Files With
SEC—
h
Jfhe company
SEC for
14,000
on Aug.
shares
•
"\'XP.
($10
par)
common
stock.
Offering
$20
price,
.
Authorized
Clany M. Seay, Jackspn, Miss., will undertake to obtain
authorizing subscriptions for the stock -to create capital
and
surplus for operation of business.
Company Is to be organ¬
ised In Mississippi,.
.
•»
.
,
,
.
i
Brothers
Outstanding
could
2,000
,
Mississippi ^Shipping Co,—Stock Offered—Howard,
Dabouisse, Friedrichs &. Co._ and Nusloch, .Baudert & ;;
Smith, New Orleans, on July 10 offered 1,000 shares of
capital stock (par- $10) at $48 per share. Issue does hot
represent new financing.
company was
between
service
organized 27 years
New
Orleans,
other Gulf ports and
three
and
construction
and
Barth
Burnham
the east coast of
t
•
When
delivered
these
will
•
£
replace
Missouri-Kansas Pipe Line Co.—To Extend Offer—
to extend the
posal
The
offer
to
class
and
common
B
shareholders
2,000
nine
common
or
each
class
180
B
shares
Ewing. 4c Co,—, 1,000
Gpodbody 4c: Co.——— • 2,000 ^
Graribery,
Marache
&
Lord
2,000
H.
Hentz
Hirsch
&
directors
Aug. 20 declared
on
outstanding
the
to holders
on
*
of
old
the
•common
record
$2.50
$1.25
par
Sept.
3.
outstanding
shares ,received 25
1946.
The
a
value
dividend of
prior
to
usual
quarterly
dividend
preferred stock,
stock
cents per share on
•:r •
--i
--
par
ip.holders of record Sept. 16.
Weeks—
cents
per
share
Sept.
10
cents per
split-up.
March 11 and
share
The old
June
&
2,000
Co
Newburger- 4c Hano—
Paine, Webber, Jackson
4c Curtis—
Silberberg &
L
M.
4,000
of
$50,
62 V2
was
Simon
:
.
;
6,000
2,000;
2,000
Co.^_—
&
'
Stein Bros. & Boyce.
Vietor, Common, Dann
4c Co——————
G.
White,. Weld 4c Co.^—
6,000
The Wisconsin
2,000
F. S. Yantis 4c Co.,
H.
Walker 4e
Net
.
Prov.
for
2,000
Co.i.»i
6,000
Co.——
%
P
Fed.
■
Net
income
$1,779,855
1,771,258
$1,308,813
;
*$177,466
16,105
1,037,209
Bids
the
for
purchase of $22,500,000 20-year collateral trust sinking
and l ,668,980 common shares, which were to be
A bonds
series
;
D.
Beamish,
^
13,969,634 kwh. This is an
above production
of 10,374,200
of
.f
.
V
reports electric output
16 the Association
ended Aug.
week
the
For
The -sale., has. been
withdrawn. Aug. 12.
Aug; .13 last were
received
increase of 3,595,434 kwh., or
kwh, for the corresponding
34.66%
week a
year ago,
Gas output for
fe;
Inciease vof
.an
ii''
''
•
the Aug. 16 week is reported at 112,603,000 cu, -ft.,
.20,496,000- cu. :ft,;: or 22.25 % : above .• production .of
'T'V
New
corresponding week a year ago.—V. 164, p. 956.
o'';,'
.
/"
England Power
"v ",v
5 '• ^
-
Associations-Weekly Outputs
,
reports the number of kilowatt hours available for
'ended rtUg. A»,
Aug.' 17,'1946, as 62,788,288, compared-withv 30,683,293
CHUCU
o"
-1 f\A
*4 *
co
rtP
Hk
'■* •'•rc.ljlv.-l.
for the week ended Aug. 18, 1945, an increase of 23.1_...
The comparable figure for the week ended Aug. 10, 1946 was 62,545,823 an Increase of 0.75%
over the corresponding, week last year.—
This Association
thte' week
WJC
weeIV
l
.i
.....
_•...
f
*
-
-
i
\_
V/164, P.' 956.
.H
..
ju
t
•
''
1 rs '"***' PA4l~ ' *
■
.
% Wr
^
tSii
England Telephone & Telegraplr Co^Earnings—
Period End. June 30—
1946—Mor)th—1945 '
1946-^Mos.—1945^
Operating -revenues:^- $10,789,101. $9,542,328 $62,667,715 $56,008,685
Uncoil, oper) rev.-.—'V 19,004 .
; .9,289, V91,265
;64,860
.
^
revenues- $10,770,097
9 023,249
expenses
taxes
37,863 ;
24,142
■
,
Net
Net
623)164
;
;
;
$291,911
$32,738
$292,855
7,832
33,411
24,041
Income
——
p.
(J. J.)
21,251
income—._
oper.
—V. 164,
$271,604
$8,597
$254,049
'r\w T$
.114,500
$169,579
5,100
$9,533,039 $62,576,450
6,791,574
49,615,926
1,327,395
5,885,293
$55,943,825
$7,075,231
, 4,676,288
$8,420,673
.5,058,224
39,930,410
•$5,773
,
——-
—V. 163, p. 3289.
The SEC
company's
Corp.-^Acquisition—
•
•
- •'
this cor¬
Wire Co.,
$1,414)070
966,880,
7,592,742
Newberry Co.—July Sales—^
J
Hunterdon,
$1,123,884
721,297
560.
Period End. July 31—
Sales
112,100
$156,714
.
President, announces the purchase by
poration of the entire capital stock of the; Union Plate &
B.
preferred, 50,000 shares of
Electric Association—Financing
&
1946-Month—1945
$8,336,496
'
_
4/ f
"
.
1
$52,117,609
.
.
Light Co.—Sells Gas Holdings—
has ordered a hearing, held on^, Aug.. 29 in connwtion with
proposal to sell all of its gas utility assets in
Warren and Mercer Counties in New Jersey for $361,000
prospective purchasers—Rena R. Carver,
Feaion—have formed three New Jersey
corporations ; which have been named City Gas
City Gas Co) of Phillipsburg and City Gas Co. of
4a
1946—7 Mos.—1945'^
$7,775,849 $56,376,305
Power &
plus closing adjustments,
The
Calvin R. Carver and Doris F.
National Can
shares of commoh
>■><
of the presently
consisting of 9,723
stock,
preferred
$2.40
Gas
England
New
New Jersey
*$193,570
"
,^
Postponed—
prof-
its tax)
«*"-v.**
•
shares of common presently
unissued, will be offered).—V. 163, P- 1731,
,
-
held
1933
45,781
exc.
'
shares, will be offered for sale. With the
the newly authorized common and 17,454
2,000
Inc.
1944
♦$223,246
(net
o/*' "
New
1945
^
v
-Years Ended June 30-
income—
inc.
Income
unissued
but
authorized
Operating
2,978,540
gross
•
par; and to increase the "authorized number of
stock to 350,000 from. 250^)00.
If
the
amendments are
approved,, the balance
Operating
$3,232,589
Deducts, from
r
.
$3
6,000
2,087,024
oper.
to
stock.
They.-are asked to vote on/ arf amendment which would change the
250,000 shares of common stock Without par value ihto 250,000 shares,
Operating
$1,863,777
revenues
asked
a
2,000
10
cents per share on the -5%
also declared, payable Oct. 1
•:■•; ;
-
special meeting, to; be.held on Sept. 16, Will
considei; ,prppo^als...fQi; pn ^increase .Jh, ylh®»qauthqrized
stockholders, at
common-
m
r
.
STATEMENT OF INCOME
.
Non-oper. income
taxes
payable
40
be
4c
.
.
cumulative
the
20
stock,
equivalent to
Marx
Capitalization
Neptune Meter Co.—^Plans Change in
2,000
expenses—
Operating
Operating
shares of Panhandle reserved
common
This is
Marks.
Dec. 31, '45
Co., Inc.- -Declares 20-Cent Dividend
New Common Stock—
The
on
Mokan.
4,000.
———
M;
2,000
■
V
4c Co
pioneer in a 20-year-old reforestation program, the
takes about 5,000 cords of wood annually from Its own
their-annual yield. If necessary 25,000 cords
be made available immediately.
Another feature of the com¬
a
92,107,000 cu. ft. in the
6,000
Co
&
Rhoades
Loeb,
6,000
Co
&
M.
9,000
6,000
4,000
Hayden, Stone & Co
Hemphill, Noves & Co._
year.
to
Hosiery
Mojud
t>n
of
—
2,000
•
Laurence
6 Mos. End.
exchange
holdings for Panhandle Eastern Pipe Line Co. common is due to
expire Sept. 30.
Four shares of Panhandle would be exchanged for
each
-
G.
1
their
As of July 31, Mokan owned 361,564
tor exchange.—V. 162, p. 1643.
Carl
2,000
2,000
23 on. a pro¬
terms of its exchange offer for another
Mokan
6,000
2,000
>,2,000
2,000
Hornblower
stockholders will vote at.a special meeting Sept.
6,000
—.w——;
Lazard Freres 4c Co
Hallgarten & Co.a—
Operations from: 1942-1945' were wholly • concerned with the war '
effort, but the company has now resumed normal operations.—V.'160,
731.
'■■■■■■-■
The
'
Co
2,000
2,000
Stebbins,
Farrell
McKee
Indefinitely postponed.
Co.—:
Kidder &
M.
Cov
t
.
without depleting
The
2,000
2,000
&/ Co——•'4,000 '
Coe &
2,000
Kohlmeyer, Newburger 4c
•
*
,
and New Financing—
fund
:
Francis I. duPont & Co.
a fleet, of five modern c-2 ^type 'ca'rgo vessels,
Victory ships,
chartered.
Company
has under
shortly on three ultra-modern com-
•A.
-
,
improve
No. of Shs,
'
Johnston, Lemon & Co._
2,000
Co
Cohu & Torrey_—-^—
Cruttenden &; Co.i-t—-
Jacques
Allen
expects delivery
bination passenger-cargo vessels.
the three chartered ships.
&
Central National Corp.^
E. W. Clark & Co—-
America—Brazil,. Uruguay .and the Argentine. Starting with a
capital of $90,000, company has never failed in any year to earn and
pay a dividend.
Capital funds have increased through earnings to
owned,
J.
A. G. Becker & Co. Inc.
South
Over; $14,000,000.
Company operates
»"
Co.-—
&
Ball, Burge & Kraus—
Bear, Stearns & Co.
and operates a shipping
ago
Bache
2,000
2,000
s
■*
-
Labouisse,
Inc.—-
Co.,
•
Co., in the underwriting are: Lee
,
Dec.
Johnson, Lane, Space and
-
Auchincloss,' Parker and
1
recently acquired Canadian timber holdings and for gen¬
eral corporate purposes.
A hew special products division is now in
formation to handle new item6.
The company has .not. -disclosed the
nature of these hew products.—V, 164, p. 425.
"
$2,500,000 '
Friedrichs and Co..—1
1,000
Redpath „1_
The
:
Howard,
15,000
At will and Co.i--—v-i.
\
t
pany's Integration policy is the installation of a waste heat recovery
boileryyhlch vthe yvood waste ;re$idue,;left, jafter pap^r:;jmaking/ saving
65 tons of coal daily.'
•
:
Proceeds
of the Issue
will be used to increase • wood - inventories,
10, 1945, be¬
York (from which
dated
agreement
loan
Abraham & Co
1945 tb
..
company now
to
UNDERWHrTEBSr^The'vnnderwriters have agreed severally,
not Jointly, to purchase from the company the number of shares
common stock set after their respective names:
Lehman
signature
;
B.
D.
Co.;
As
papers.
forests
FINANCING
/
$2,500,000 V
1,000,000 shs.
—
No. of Shs.
share.
*
1946.—V. 164, p. 559.
with Loewi &
George
Marshall
and
of
:
19 filed a letter of notification with the
$60,139,02).
operation decreased from 800 In
in
Bonbright & Co.; Braun, Monroe and Co.; The
and Jaeckels; and Riley & Company.
Company, one of the top three in the bond paper making industry,
devotes a major part of its entire output to fine, treated and specialty
Inc.;
'BUSINESS—Conipany was incorporated in Florida
July 8, 1937.
Company is engaged .in transportation of persons, prop¬
erty and mail by airplane.: Express is transported by the company
pursuant to an arrangement with Hallway Express Agency, Inc.
Jnave already approved the transactions.—V. 163, p. 2858.
} u
J «'
»
Douglass & Co.; A. G. Edwards & Sons; Bell,
Nelson
Jackson-
BBTGRY- AND
_
v
Sales Up 46.7%—
1946—32' Wks —1945
HlgglnCorp.; Paine, Webber, Jackson & Curtis; Reynolds & Co.; Schoellkopf, Hutton & Pomeryo, Inc.; The Wisconsin Co.; Cruttenden & Co.;
$2,250,000 principal amount,of sa^d/t^Utes. are presently outstanding,
;the first installment of $125,000 havjng- been;piids by the company on
^prit 1, .1946,' and/the second oq Jjydy;iVr i946.,
: ^
''.-"■"tIncludes 99,987 shares of common stock distributed on Jan. 15, 1946,
as a stock dividend (in effect a stock split-up of one-fifth of-a share <;
for each share held) to stockholders of record on Dec. 29, 1945.
-
''•»
,yo;
1946—4 Wks.—1945
$12,067,487 ; $8,225,773 $86,237,097
stores
of
share.
per
Associated
it borrowed $1,500,000), Bankers Trust and Commercial National Bsnk
and Trust Co. of New York (from each of which it borrowed $500,000).
The Securities and Exchange Commission has extended until Oct.
/*"■ l<r'
«
fering is to be made first to common stockholders on the
basis of one for each four held,
The offering price; is
the purchase of new
and Chase National Bank, New
company
-
*
Publicly Offered
—-Loewi & Co. is heading a nation-wide syndicate, of¬
fering 63,000 shares ($25 par) common stock.
The of¬
t749,987shs.
♦Maturing serially beginning April 1, 1946, to and including Jan.
1, 1951, in 20 equal quarter-annual instalments of $125,000.
These
$4,973,703
4,810,912
$6,694,288
6,622,060
4
«
son
GIVING EFFECT TO PRESENT
promissory notes
Common
stock
(par $1)__
10.:
>»
Nekoosa-Edwards Paper Co.—Stock
determined.
*2%
tween
-
2010,
National Bank of
Atlantic
and
.
$7,720,057
The newlywill be used
:.
have not as yet been
106,337/ U 51,563
number
706 at Aug. 10,
Offered—As mentioned
proceeds will be applied to
CAPITALIZATION,
Operating revenues—
Operating expenses
Operating taxes
The
foregoing purposes, additional financing by the company may be
necessary.
The form of such financing, if any, and the time thereof
$6,746,218 $44,272,379 $39,820,170
$7,737,938
17,881
»"»'
v- v*
Period End. Aug. 10—
for the
1946—6 Mos.—1945
1946—Month—1945
■
be quoted
share
stock held.—V. 164, p.
Sales
r
delivery.
The aggregate amount required for the purchase of such
airplanes will be at least $3,830,000. ^ >
v
To the extent that the proceeds of this financing are inadequate
v.
York Curb Exchange advised that the
"ex" on Sept. 3, 1946, the dis¬
of common stock for each share of
425. -
the New
stock will
additional
one
National Tea Co., Chicago—Current
Douglas DC-6 airplanes which the company has contracted to purchase
and
the
new
Douglas DC-4 airplane purchased for October,
1946,
/ Michigan Bell Telephone Co.—Earnings—
Period End. June 30—
'.
,
PURPOSE^-The
certifi¬
1946, must be accompanied by due-bills.
27,
-
all
that
York,
New
par
Chicago,
common
of
common
',•> S
Transfer; agents, .Commercial National Bank & Trust Co.^ New. York, •
Barnett National Bank of Jacksonville, Fla.
Registrars, Chase
Bank,
at
1946,
13,
tribution
our
National
y
notified
been
aforesaid
and
1946,
30,
Aug.
on
beginning
by this company that a two-for-one split-up
value $2, is to be effected by the distribution
of one additional share of common stock, par value $2, for each share
of common
stock held of record at the close of business on July
The issue has been oversubscribed.
additional share to holders of each share of record Aug. 27, 1946.
New York Stock Exchange directs that the common stock be
one
The
»ot
of
16 directed that
Aug.
National Pressure Cooker CoW-Stock Split-Up—
Having
issue of Aug. 19 Lehman Brothers and associates
offered to the public Aug, 15 a new issue of 150,000
shares of common stock ($1 par) at $25.50 per share.
Subject to approval of stockholders at a special meeting to be held
on Aug.
27, 1946, an amendment to the certificate of incorporation
will be filed on Aug. 28,
1946, pursuant to which each share of com¬
mon stock, of $1 par value, will be changed into two shares of com¬
on
26/
of the common stock,
and electrical appliances will
Ontario, by Kelvinator of
Ltd., a subsidiary of Nash-Kelvinator Corp..
Toronto plant of Nash Motors of Canada, Ltd.
in
^ght C©.-~-Stock Distribution-f-
York Stock Exchange
London,
in
to
$3,255,621 $21,364,857 $19,032,629
P
•,
1940, Exchange contracts in this company's ocommon stock
made only "ex-distribution"and that all due-hills must be
"redeemed on' Aug; 27; *1946/ 'See V.- -164, p. 830. r
,
■
exclusively for the production of Nash cars.~-Vi;j63, ;p,
164, p. 729.
Melville
manufactured
be
!<
.
refrigerators
Leonard
and
,
1946—6 Mos.—1945
1946—Month—1945
$3,574,269
—V.
'"
•
Canada,
acquired
McLellan Stores Co.—July Sales—
Period End. July 31—
line.
future.:,;;-.'I.
Ford Plant-
continue
829.
p.
the assembly
off
■
be
may
%
t
;
.
transportation companies,
urban
National Power &
by highways to all parts of the Dominion.
,
'
'
Mr. Mason said that the plant,
part of which was leased during
the war by the Canadian
army,
is to be cleared of government
property as well as Ford Motor property before Nash can begin the
task of equipping: it for operation.
He said the company would an¬
nounce at
a later date
when the first Canadian-built Nash will roll
(W. L.) Maxson Corp.—Official Promoted—
with Victor for
i.
of
Aug.
George w. Mason, President, announces that negotiations have been
completed to buy the Ford plant in Toronto, Ont., Canada, for the
production of Nash automobiles in Canada.
The plant is being purchased by Nash Motors of Canada,; Ltd.,
from
the
Ford
Motor
Co., of Canada,
which formerly used it for
automobile assembly and parts distribution. The selling price was not
disclosed.
It occupies 182,000 square feet of floor space on a 15-acre
tract of land.
It is served by the Canadian National Railways and
12 cents, and Dec. 24, 15 cents, plus a special of
from capital gains.—V. 163, p. 2159.
Mr. Rehse has been
u' •'">'/
by
The New
its proposed con¬
.
Nash-Kelvinator Corp.—To Buy Toronto
cents; Sept. 20,
20 cents
1946,
30,
15.>V—. '
1:
<
Investors Second Fund; In©/—1'4-Cent
The directors have declared a: dividend of 14 cents per share from
Investment income, payable Sept. 20 to stockholders of record Aug. 30.
This compares with 13 cents paid on June 20 and 9 cents on March 20,
payments in
to sell $2,-
the company
of
and to finance, ,ip part;,
struction program to Dec. 30. 1947.~-V. 164, p. 559.
Dividend—
11
proposal
use
maturing Sept.
<
1946.
the
200,000
Merrill
Massachusetts
approved
has
SEC
V
^
serial notes to banks not lor resale to the public.
Company
the proceeds to reimburse, in part, its treasury for expendi¬
tures made for property additions, to refund 500,000 short-term notes
stock has been sold and the subscription books closed.
shares of $1.05 convertible preferred.—V. 164, p,
r i*.
under¬
:.v-'• Vj
organized in 1936 as a holding company of securi¬
presently owns directly all of
the stock of 45 transportation companies operating in 84 major cities
throughout the United States.: In California; the corporation owns or
controls transportation systems in the San Francisco Bay area, Los
•Angeles district and through the San Joaquin Valley area.
Consoli¬
dated subsidiaries operate In principal cities of 14 other states, in¬
cluding Washington, Utah, Alabama, Florida, Illinois, Indiana,'Iowa,
Michigan, Mississippi, Montana, Nebraska, Ohio, Oklahoma and Texas.
The corporation's preference stock, both preferred and class A, was
either retired or converted into common stock bjr July 31,
1945%' So
that at the present time the capitalization consists of 1,413,370 shares
of common stock, $1 par value, all of which are issued and outstanding.
Dividends have been paid on the common stock since 1937 and h&ve
Shown a consistent increase in amount since 1939.—V. 164, p. 559.
States Power Co.—Notes Approved—
Mountain
■
This corporation,
ties
Moore Drop Forging Co.—Secondary Offering—Lee, /
Higginsoh Corp; 1 on Aug. -8; made a secondary offering
of 7,500 sharesr of common stock (par $1) at 12% a
%■' share, with a concession to NASD members of 50 cents
a share.
Offering was oversubscribed and books closed, /
—V. 3.63, p. 315.
V;'. '
;
Francisco Stock Exchange announces approval of the appli¬
this corporation for listing 1,415,370 shares of common
par
value.
Admission of the issue to dealings will be
stock, $1
announced lii the near
.
Maryland Casualty Co.^Prior Preferred All Sold—
*».-•,y?'•£>»>■•-
National City Lines, Inc.—Listing Approved—
cation
.
research. also will tie laid down according- to the same five-year .*
forward view.
from cash in the
but the full amount was taken
disclosed,
"tr;vv-v.*
announced thai* the' company's ' management .has^
Period End. July 31— ■ ' ; 194fr—Month—1945
1946—6 Mos.—1945
established a master planning department which has developed a
comprehensive master plan with.a five-year forward viiew.
The plan -, Sales.
72,666,898' 47,158,012.446,917,306 310,279,919
will be so complete in its' analysis that at any given time the man- ;
—V. 164, p. 559.
agement can quickly review It and determine how to serve customer .
and company interest most efficiently. >-He said that all designing
,
a
was
company's treasury.
No bank loans or new financing was
taken in connection with the acquisition.—V. 162, p. 1395.
;
Sales—
transaction
not
was
:
Montgomery. Ward & Co., Inc.—July
-
operated as
be
The
plater of precious metals, which . will here¬
subsidiary.
.
.'•>* •"
completed on Aug. 21.
The purchase price
Mass.,:
Attleboro;.
after
each, to 553,616 t
shares, par $1.25 each, two new shares being exchanged for each old ti
common - share held.
v'- •:*'?•:*,iV .v
The stockholders on June 28 also voted to reduce the authorized ,
preferred stock, par $50, from 30,000 shares to 29,100 shares, through
cancellation of 900 shares retired under sinking fund provisions.—V.
\
21.
.Glenn L. Martin, President,: further
The stockholders on June 28
thorized common stock from
A like amount was paid on March 18
1087
COMMERCIAL & FINANCIAL CHRONICLE
,THE
Number 4519
nviinftrtiPft —V
1 £4
n.
495L
o
•;>
Co. of New Jersey,
Newton^ to take title
-Y'*
'
--'•'
•
ITHE COMMERCIAL & FINANCIAL CHRONICLE
'1088
*™f;y X "
$6,600,608'
XT.
l"Cr400,000
S.
income
Other
Net
taxes_.-
1,295,223
'00^0.
1,095,661
oper.
income
$7,588,372 $40,219,203 $56,625,913
*0400,000
j2,091,000
155,104
2,511,669
2,517,886
1,938)962 i $,087,734 i 1.1,408,135
1,634,684; .< •' 1,330,958 >;"i.«8,134i782
83,333 •
>476,667 - . -341,667
;V 359,285
IhcomeJj*
railway
ry.
JSfet
taxes
linking funds approps.
-82,917
"
The
Balance to surplus «./$1,012,744 • -$,1 ,551,351"
^Represents
credit
a
of
record
on
Aug.
7.^0.
excels profits carryback from 1946 to lp.44.—y« .^64#
insurance Stodc^r
semi-annually!' '
75' cents;
the Monarch Life Insurance Co. .of
•
*
which
Jan. 121,
Y.
jelephoiie -& Telegraph Co.—Earnings—
'a1946—Month—1945
Period End. June 30—
,
.ahd
.
-The
Aug.
company Aon
19
urnHnr.
cynn
nCM
Q
11C
(\/i O <70Q
CO
AG
■
OQfl
■»
•
•
»
*
JMet
<•
The
■
have
directors
declared
stock, payable
capital
•Distributions
of
25
rThe Securities
The
basis'
the
'
*
.i^.are for the years ended
the common
on
dividend
of
will
.Cash
will
this
of
Pacific
Oct.
to holders of .record Sept.
1
stock,
3, on a
that
in
cost
$250,000 more
in lieu of fractional, certificates at
l/100th share of Pacific,
Oral Argument on Plan
a-rate of 42
.
•
the first two steps of the
>
\
r
In ordering oral argument
simultaneously on North American's first
two steps,,: otherwise known
as
plans A and B, the Commission re¬
jected the company's motion that; these ,steps be considered separately.
Separation of the first two stens of the plan had been opposed by the
Central States Corp., which holds a
sizable block pf Jjorth American
*
...
part
as
'''
:
f
'
'
of new financing,;
t
>
Aug.
•
Step
;one
.of the - plan calls
in cash in
bank loan.
The
Step
cash
two
for the common
a
provides
pany which would hold
balance of some utility
io put 'rip
stockholders
order
to
would
receive
be
the
for
"package"
*
utility
of
to pay off the company's "
creation of a Delaware Com¬
used
North
not
non-utility assets and the
subscribed for by stockholders.
;
164, p. 957.
rights.''—-V. 161,
a part of the North American Co. system, filed a plan
the. Securities and Exchange Commission Aug.. 21, proposing full
payment of ali claims on its 194,180 preferred shares.
Tt '
^
will
new
It
North
charter-
tributed
will Jje
furnished
by
eKjpected ^0 ^e >catied .shortly.
\ The plan of distribution is
the Jaraount
amendment
«.
»
at
cash ,<to >be
of
is
;
.
further step in the jiquldation Uhd dis- '
solution \of
North
American Light &
Power pursuant to
an
order '
fcy the Commission dated Dec. 31, 1941. Since then the company has
Corp.,
Aug.
on
subscribe
to
a
The
nerican
American
set
aside
$150,000
will
filed
of
be
last
saw
for
of
Fla„
Liaht
(Bight
holders, according to the filing/ '
statement
since
October,
to
the
Commission,
filed its
it
1942, -the
North
originaP'plan
values
of
extent that ..distribution suggesed
holders in the original plan "can
and
.'l-./Xv';'.
equitable."—V.
159,
American
held
by it
to preferred
no
and
be
longer
Its
stems
-V
and
-
.•
.
ferpd 150 000 sharps of
effect
^Northern
of
the
States
other
secur¬
Rears, Roebuck & Co.
fair
Output—
observance
of
Victory
Days,
"
Power
Aug.
15
of
*
>
wgre
period.
^
.
Exchange on Aug.
16 directed that Exchange
See also V. 164, p. 832.
split-up.
paid on the old outstanding common stock in 1945 were
March 31, June 30 and Sept. 29,
75 cents each; and
quarterly of 75 cents and an extra of $2.—V. 164, p. 957.
July 31—
1946—Month—1945
1946—7 Mos.—1945
$3,500,684
$2,906,912 $24,177,944 $19,593,458
ihc.
dian
excess
298,867
129,972
507,891
1,623.767
*72,384
1,088,631
1,647,154
4,477,520
423,150
<•903,324
3,498,840
appropr._
41,667
41,667
292,917
208,333
surplus—
$38,305
$381,483 *$1,196,241
$3,290,507
,(
654
^profits taxes
railway taxes-
Net
ry.
Net
income
——
fund
Balance
to
"Deficit.—V.
958.
164,,p.
156,297
93,899
233,971
254,875
income—
oer.
Sinking
$4,549,758 $26,606,888 $33,425,§04
Cana¬
and
inc.
1946—7 Mos.—1,945
194C—Month—1945
$4,555,060
and
Other
>t>j
...
Marquette Ry. Co.—Earnings—
income
S.
U.
the
,
Net
Co/-(Minn.)-—Exchange (of
New
at
<61
-»
.
..
0.' H. MvrphSV
„
elected
•
of
•
'0x
STATEMENT
for
_
•
-
$179,421
121,399
33,876
shares of $20 par
43,975
21,137
14,949
$314
$6,666
1,642
1,203
524
tax.
ients,
$31,851
$7,869
.
Philco
same
Airlines,
which
for
new
.tqail
.and. Anchorage
its
recently received approval from .the
.early
service
^Alaska
express
and
service
September'.'
jn
all
on
to
routes
<
:and
the
The
cpast-to-cqast and
ness
End. June 30-^
-1946—Month—1945.
Operating jrevenu^g—' $106,802
$107,299
Uncoil, oper. rev.„^__^ ' ." CV,143 "
/ 129
-
6%
$106,659^
,
76,397
$107,170
"
63,041
15,882
.
18,873
;
$633,141
114,418
(154,978
367.274
"
■
""
.
.
operating income
fi-'y
.1
" (
,
L
$,033
„
$28,247
u"<
■
..
.
..
L
22,778
$141)954
.
"
$110,889
109,052
.'76,225
;
—
•
*"?• :
<<TaXeS.;;(Ay(-"•••*•'(•
,
"
'( ; (
.
v.
0.0 % -J
•
,
:-
satigfactury earnings for the last halfjof 1946.
(
pat¬
(
,
'
BiRg Qrosby SiSns
*
Bing Crdsby,
s'
fcontmct—
^
■"
'■*
%orld famous' star of radio and motion pictures; win
;
return to the .air
Pittsburg
Authorize^
.
Outstanding
.300,600 shs.
' 300,000 shs.
$12,500
$12,500
•
4,000
^
3,141
•ROXE-^Compapy pf.b.posesMto bo.iyo^. $100,000 „from p.bapk .in.^cqn-
to
such
with. the
bank
purchase of the .assets of Compton, ;gnd will .issue
its 0%e/c instalment promissory note in ' the pririclbal
amopnt of the borro,wing, payable ,in qqarterly instalments^of $5,000
.commencing $ months nfter' the making of the loan, and ,to be se-
cured
by a chattel mortgage on the machinery at the company's plant
jn Newark, N. J. aridJonl machinery-to-be acquired frqm jComptop.
PURPOSE—Jt is the intention i.of the
net
ment
Shawmut
&
Northern
RR.—Abandonment
Proposed^-The
Interstate
t
Commerce
Commission Aug.
19
scheduled a hearing
Jon > petition by the company.-to.'J^artdori.. .lt'$' liues:4n JPen0sylya,u,ia.
( and New- York,
"
"
" '
1. *
0The;hearing will begin at .9:30 A.M. Aug. 26 jn the Federal Ruijd•
ing at Olean. -N.-Y. -It will be conducted by an JGC examiuer. .,
•.
The railroad .asks permission to abandon ( completely its 210 . miles,
of track, asserting it is losing about $10,000 a month and that it is
J ''impossible to operate without- loss."—V. 164, p. 731.
of
proceeds
the
received
by
it
from
JPortjlaiid Electrjc powBr Cu.—-Heprjirig Date—
to npply $200,000; of
financing toward the pay^$20,000 o.f such net proceeds
company
At
this
purchase price of Compton,
working
$90,205
ceeds
of
capital.
a
Company
purchase
intends
price for
$100,000 loam—:V..
^64,
to
the
p.
pay
.the
remaining...portion
Compton assets, from the
-
or -/
pro-
<
the
request "of certain: "first, preferred .stbc.kholdersi
r
the. •SEC1,jjas
amendments to the trustees' seconcf
alternative amended plan of reorganization: ;.The amendments relate to»
the proposed sale by trustees to Portland Transit Co. of the stock*of
set
repay in full an
of $20,000 due to a
of the
.
*
outstanding loan of the company in-f'
bank. The balance, or approximately;:1
$1,250 of; the net proceeds from this financing, will be added to the
amount
.
•
WiUv.be used to
the
•«■■■
Operations of Philce-Corp. took ' a' decided turn, for .the better "in
second quarter of 1946 and we are very hopeful that this trend
Will continue, John Ballantyne, President, said.
Demand for .all Philce
products is fully as intense today as when we began our reconversion
program a year ago, and we believe that given freedom from further
interruptions of production, the corporation will be able t|0 report
the
FINANCING
'/
'
(par/SO- ^qnts)
promissory
pection
*4,655,000
$54,684^81.644,§23
« i/i
.
$11,389
>
fiet income
283.
'
materials,
loss
,
;
^
$681,792
425,420
stock
potes
Mortgages /land -and building)
the
Operating revenues..:.
Operating expenses_^,^
Operating taxes
-Net
.
"0v
schedules and
,194.6—6 Mos.—1945
$633,-914
$682,644
'
852
.773
-
x
.
in October under the sponsorship of this corporation,
payable .or cash.
The purchase Is .expected^to J.
it was announced on Aug. '19 by James H. Carmine, Vice-Presideiht.
about Augqst 15, 1946, '-but- the transfer- of the busi¬
Present plans are aimed at-an unprecedented total of over 600 stations
be as of July
1, 1946, and the operations of
throughout the world over which Mr. £rosby ,will be heard for philco
and after- thafc date wili bo for the" account of the
hy "n'ri iriternational audiepce,—V. 164, p, ,595.
' ' »•' ,
:,
Y
f
")
*00
"
'
Common
recently
-raw
credits
tax
will
PAPI'RAltJEAT^ ^
J
will
receivable,
-
or
assets
Company.
Civil
M
and
ICompton fi-om
United
accounts
1946
1945'
$37,079,227 $68,425,259
2,404,684 Cr6,299,623
.
1—
before
Loss
accounts
"
the cprppany's >
.Co,—Earnings-r-
Period
the
company
$odayj is (operating the highest pumber of flights in
50-year history, Mr. Fauteux said.—V. 164, pT 831."
■
Ohio Associated Telephone
Orient,
between
dies,
.
:
30—
Estimated jtax credits.—! 2,350,000
trade-marks,-copyright and good-Will of Compton,-but will not
take place on
month,of last year,
Revenue passenger miles fo.r the fast month, he-said,
totaled .35,500,114'as compared to 21,276,256 in July, 1945.
Prelim¬
inary reports .for the first two weeks of this month indicate that
new,
all-time high, records are .in .the jnaking on passenger traffic.
Board
machinery,
Corp.—Earnings—
6 Mos, Ended June
Sales
(purchaste is to include the plant,
site,
-
;
a
dnclude-any
Mr. Fauteux said.
passenger,
of
value preferred stock,—V. 163, p. 658.
.
$210
.
•,
">The /©lectric putput -for (the >.cpmpany -aud lts ,subsldiar,ie8 for the
week ended Aug. 17, 1946, amounted to 123,174,000 kwh., an increase
of 15,126,000 kwh., or
'•pvee^the' 'eorrespondlh^week^oMOjE'O^*.
V.'*164, p. 958.
^ "-''"X 0^0'. ■
"(. .
:
-r
$28,843
..
*
,
Philadelphia Electric €o.—Weekly Output—
$58,610
109,965
$30,485
Bipck
on Sept. T6 w:U vote on approving a proposal to
the common stock on the besis of an exchange of two new
shares for each old share, and on authorizing an issue of 100,000
^
705
"
; &
The stockholders
•
1943
.
$137,769
29,178;
Rji^cp; pp.—rPJans
New Issue of Preferred Stock—
.
^
>1944
i.BhRrJis. .Tir© 4k
/
-Calendar Years1945
$31,145
bef.
is a subsidiary of Johnson & Johnson.
:'0 ':«
Mr.. Schreiber is director of research, and as.such, responsible
new products as well as improvements and control of such present
products as- Modess, 'Meds; Co-Ets, and the new facial tissues YES,
which are made at the Chicago and main plant of the company at
Milltown, N.' J.—V. 157, p. 45.
:
complete line of quality shears, including cuticle and
hail scissors, dental snips, trimmers' and-tinners' snips, tailors' shears,
surgical shears, barber shears, household shears and numerous other
:types of scissors and shears. Such
;
24,044 over the
Schreibey .have b88n
■.t;—
split up
K„__
income
facturers
Passage routes, J. J. Fauteux, Regional Traffic Manager; for ,the com¬
increase of
directors.^''u
which
->^
PROPOSED ACQUISJTTON OF W. H. COMPTON SHEAR CO.—As part
its long -range program of
expansion, the company has entered
into a contract to purchase for $300,205 the business and assets of
W. H. Compton Shear Co., a partnership, of Newark, N. J., manu¬
vplont
an
A.;' Montieth, .and -F.* W.
board'of
Murphy, who originally came from Chicago,. where Pergonal
Products has a new plant, is- director of advertising ;of all. produqts.
Mr. -Mo.ntieth is- direotor of the paper division of the corporation,
lof
increase in passenger traffic on Northwest Airlipee .during
July, when, a total-of 56,298 revenue passengers flew over Northwest
pany, reported on Aug. 15.
the
to
Mr.
Registrar—Pan "
York.
_
an
p.
50/A\
J944, JR. jsr.-1 Far^ purchased the assets, of the, company
^and • conducted ,as an individual the business carried on by the com¬
pany.
Company was riot dissolved, r however, and on Pec. .31, 1945
Mr. Farr resold
to the company the ^assets purchased by him, and the
business is now
-bein^ conducted as a corporation. Mr. Farr agreed
rto Ray any taxes which may be assessed' against the .company (duping
t-he.JJeriqd th©
wM conducted ;as ap ,individual.
;;
;A mid-summet rush of vacation .traveliers.Tto nil parts. of .the country
up
(nar
Oh Gift
_
Northwest
Co.,
133,473
—
income
Net
,.
,
Aeronautics
profit
Other
Northwest Airlines, Incw-tSets New> Records—
inaugurate
'
"
.
was
ctorlr
rommnn
Personal Products Corp.—Three New Directors—
'
and
series,
*—V. 164,
Stock
Period End. July 31—
.
purposes
consist
■
.July 31,'46
$198,495
Cost .of sales
X-is
■Sell., ..gen. & ;adm. ,cxp.
and the remaining. 46,240 shares of cumulative .preferred stock,
are
being sold by the company to the several underwriters.—V. j.64, p.-,831.
-•>
Net
will
"
Sales
228,760 shares of cumulative preferred stock, $5
have exercised their optional right to exchange such shares
equal number of shares of cumulative preferred stock, $3.60
stepped
corresponding
163, p. 3290.
Gross
the
,7 Mos. End.
series;
States
a
Pere
of
$951,928.
bins, Inc., to wholesale barber's supply houses such as Gibbs & Co.,' to
chain 5 and 10 cent stores such ;as F. W. Woolworth & Co., and S. S.
Kresge Col, to chain'retail drug (stores such as Liggett- Drug Co.,
Inc., -and •• Walgreen Drug Stores, .and to mail order houses such" as
dated Aug. 2, 1946," With respect to >275,000 shares
preferred stock, $3.60 series (no par) is supplemented by
the 'following:
The holders
■This
purchase
specialties. On June 28, 1946 the name .of. the .company ..was changed
to Paype Cutlery .Corp.
/
v
Xi
:
The company sells its products under its (trade names "Farr" and
"Rogers" principally to wholesale druggists such as McKesson & Rob"Rogers" principally to wholesale druggists such as McKesson & Bob¬
.
The prospectus
©f cumulative
brought
for
a cost of about
and
development
business
CONDENSED OPERATING
Preferred—
.
22,
the
fleal in ..emery !hoards, pumlce 6tqpe,1qorn files .and other -maniqure
;
■
the
an
year's
.
2420.
p.
Aug. 16, 1945.—V. 164, p. 957.
^3.60
ofr 1946
months
seven
last
over
-
Electric output of -this
company lor j,he week ended jkug 17, J946(
48,075,000 kwh., as compared with 40,288,000 kwh. for the
corresponding week last-year, an increase of 19.3 c/o.
This increase
for
with
COMPANY A; BUSINESS—Corporation v,was incorporated as Payne
Majiufactqrang Co. in New York .Jan. 20, 1909, to manufacture and-
r;
totaled
series,
statement
operating capital.
The company
January but an amendment to "its
21.
Transfer Agent—Corporation Trust
American" Trust Co., jSew york.
increased
considered
Northern States Power Co. (Del.)—Weekly
reflects
.the' first
for
all' charges accruing to the common /stock for the
per^d .wete J3,Q91,416, equivalent to $1,24 per xSharO/'
York
Period End.
as
last
;
dissolution
have
V;
••
-Registers
per
Light -.points
of liquidation and
securities
an
ity
Dec.
corn-
I^iea IOU,UUU SUares QI Common SIOCK (par DUC> at lf>l.«7D
share. These securities are offered as a speculation.
claims* of
prior
" ' '
any
,Diyjdpnd arjea,rs to .JiUY 1,' }946,>Vamouniedl-tb $84 a shore, onaking
total arrears of $16,311,120.:
Consequently, total liquidation value in
«ettlement of* all claims, plus accrued dividends, is $35,729,i20. xxThe
preferred .gtock • has a • voluntary liquidating value, of $105, as against
the $100 a,t which the above figures are
.computed*
'' '
.
in
remhinder of
the
on
follows:
as
^
steps to comply with this order.
preferred stockholders under the latest North
Dlan
is
without
nreliidicA
plan is without prejudice +A *tiv nrior nlflimW of "to
.
to.
C.
$1,473,000
at
research
used
June
palmetto
-
to
liquidating value of the stock is placed at $19,418,0.00 on the ;basis
$100 a
share. in involuntary liquidation; '
"' ,v'' ''
its
dividend
common
Dividends
the
processing of the • fibres
from the
stems into upholstery'fibres,
yarns,
fabrics, sacks, rope,
.cables ana other uses.; The. .company stated that if it. is ^successful
it will have created a new, industry.
'
>
;
- j;
-
a
of
that
D.
registration
proceeds
Gorda,
incorporated
was
was
net
Punta
near
-balance
the
originally
Of .the 194,180 shares of .$6 cumulative preferred stock,
109,255
are .held by
„the public and ,84,925 are owned by North American .Co.
In
share of
the
number of
distribution
^debenture
out
after
three-for-one
com¬
At
year;-when
■
company's im¬
as-compared
1946
10.
—V.
a
,
taken
of
hold.
now
new
one
Washington,
filed
16
estimated
use
processing
dis¬
which
hearing
a:
will
and
'
•
and
to
share
new
the
of
prospective .learnings for-the
*
increase
Sales
factory
pompany proposes to distribute shares of common y stock; of
Kansas Power & Light Co., commpn shares of > the Northern Natural''
Gas Co., or ,a combination of the
two, .plus cash^ for each share' of
shares
sufficient to raise $280,stock by giving our
common
one
to
months
on
Aug. 20 declared a dividend of 50 cents per
common
stock, payable Sept. 30 to holders of record
This compares with 35 cents per share paid on March 30
and
June
29,
last.
On
Jan.
16,
1946, the company
issued two
additional shares of common stock for each share held to effect a
EEC for 4,000,000 shares (16c par) preference stock.
Tellier & Co.,
New
York, are underwriters.
Price; 50 cents a share.
The
com¬
a
The
of
the rteht
the
on
;7:.■ £.[
992.
Fibre
company
pany
,
.
The e?act number
new
to subscribe to
share, for each share they
per
p.
WithBEC
The
,
The company,
held.
the
in
attention
seven
made
Peoples Drug Stores, Inc.—July Sales—
Palmetto
with
Light preferred
$7.50
stockholders
present
-
tyorth American Light & Power Co.—Fjjes Flan to;
Pay All Claims on Preferred—
/
\
American
at
stock,
common
issue
to
the right
called
first
was
f
*:,•
directors
share
10 and ;
must be iiled with SEC by Sept.
|*eply briefs by Sept, 16.-r-V.
additional
proposed
stock
mon
"
Briefs of interested parties
to issue
is
present stockholders
American's'
stocks
"Third,
800,:, It
small
29j 1946.
Sept.
fund provisions.
approximately $6
subsidiary stock.
per -share
followed by a similar pay-
(J. C.) Penney Co.—Commpn Dividend Increased—
preferred stock. A large insur¬
is ready to purchase this issue, with reasonable sinking
company
that
revenues
a
New
The
ance
-was
x/-:'-;,' "■
Exchange Ruling—
The
rVjSecond, to issue $1,250,000 of 0c
;;
v
earlier
cents
20
contracts in the common sto.ck, of no par value, "when distributed,"
shall be settled on'Aug. 29, 1946, by delivery of certificates of stock.
Settlement of contracts may be enforced "under the rule" beginning
to issue ten-year serial notes for $1,000,000. .These jqotes
can be placed at .2%
interest, with the privilege ro| redeeming any
pr all of them in advance of their maturity date, without
penalty
unless
the
of
which
seven
geMen months'
"First,
(
value, payable Oct. 1 to holders of record
par
year,
Earnings
be provided for new
to
^ratification of the stockholders:
;
on
situation, ,and
:•
the
.Operating
:In his letter to the stockholders,
this
See V. 164, p. 832.
fixed.
was
Oakcs. stated
$30,670,921,
to
and another $250,000 should
c
together with- the earnings of $1.24 per share for. the
months, reasonably assure a .dividend of 30 cents a share
last quarter, which would make a total dividend of $1 per
share .on the common stock for the year.
Mr. Clark said in part; "To meet
provide -some additional working capital, the
directors have recommended a three-part financing program subject, to
A.
Sept. (L9—
The SEC>has scheduled oral
argument
( company's'Integration plan for Sept. 19,
the
for
"
'
estimated
2Q cents
first
having to raise the $1,750,000 in cash for
rearranging some "of the company's facilities will
delivery of the deed,
June 30.
distribution
1, this year,
earnings-during
-Mr.,
,
addition
no
initial
April
on
those
to
of
F^nancing-r
Wftf
Administration for t$1,750,000.
Roe S. Clark, Vice-President aud Treasprer, bas informed t^e stock¬
equipment.
be paid
<ents for each
j
holders
^Pacj^ih^oonhoh/-^or...«ach%.iQ9^ shar £S ipf$ctrth
of
'
,3,618,?Q5; 10,486,360-10,814,923
to buy frpm the
\
-
4,213,210
Thd ftoqkholders .will ipeet Sept. 4 to vote on pew financing to
Provide for the purchase pf the former Pratt and .Whitney. pivision
war plant in East
Lprjgmeadow, Mass., which the company has agreed
has permitted >to;/become "
a stpck dividend in (
to pay
Electric Co.
company
&
Gas
be paid
share
one
American held,
ceeds pf. New
An
issue
ment on July 1.''
' r, •;
Charles Oakes,
President,
-
".
10.
this
$6,970,496
Package Machinery Co.—To Buy, War Plant from Pro¬
•
Exchange Coirmiissioh
and
of
$5,837,691
$1,139,089
560. :
p.
Sept.
.
proved
Co.—Stock Dividend Approved—
application
shares
common
were
■
$1,421,149
income
"
>
Pennsylvania Power $ JWffkt Co,—Inc^as^s jpjyi,de|id
*Thei directors >on Aug. '20'4eclared a dividend of ^30 cents
per shtiro
.
;
North American
■effective
15
March
15,
Jan.
—V.''164,
dividend
a
Qct.
each
cents
this year,
and on
.9~~V, J.64, ,p. 957%
of 50 cents per share "on
to ; holders of, record • Sept.-,25.
made on Jan. 10 and ,,May ,15,
31, .July 14 and'.dct, -rlO, 1945.
operating
Net, fncome_„_
.
Roma JElectric Cprp.—^JD.ecl^res 50-Cent Dividend—^
the
■
•
.
Aug. 15.. The outstandingl >
totals 204,834 shares, of
shares. >; Eureka-Security is en-
100,100
as given, in the. ,'fChrbnicle"/ of
12, should have read lor the three moptbs ended June 30, 1946,
for the 12 months, while the figures for the years
1943, 1$44
.
:
owns
and not
Operating revenues
$12,839,983 $12,594,7.15 $75,524,045 $70;602,741
Uncoil, oper. rev.
42,644
29,851
a68$6;j,
1 162,571 .*
tiled a letter, of ; tiotUicatjpii ...yUth
:
SEC fpr 2,450 shares of common stoc.k (par $20).
Operating revenues^ $12,797,339 >$12,564,864 $75,255,782 $70,440,170 ;
Shares arc^tP, ba
bn
OO/l
offered at $20 per share and proceeds
Operating expenses
8,004,336
62,042,799
46,980,274
10,275,3.13
are >to
be used to finance
^
1,100,877
3,421,439
7,375,292
16,489,400
(arid further interest,of,;corporation in teaching the ^dramatic ,arts. ;», Operating taxes
r
rr—
/
'J} v/1'
-r0
'
\
*x
't 1 '
;
,* V'^,* ?yv"-[•.{,jl',.
•
Assurance
T^e..earnings :for .the l946 period,r
Aug.
1
1946—6 Mos.—1945
Pearl
Pennsylvania-Dixie Cement Corp.—Correction—
-
.Pacific
Xr-Fijes,
Inc., N.
Theatrical Arts;
of
School
Cleveland, Ohio, iiqt already owned
tirely .Qwned-.fcy Pearl ,Assurance.~-?V. 149, ,p. 3567.
'
N.
^
.....
by Pearl Assurance, it was announced on
capital stock of 'the Cleveland company
In 1945, the company paid dividends of 50 '
July. 10.—V. 164, p. 426.
•
^
•
18 and
Jan.
on
'
,1",
made this year were as follows;
and July 12, $1.
cents each
*
**
v>This .rooinpbny: ahd'i.'the
»iEpreka-Seburity .EiEev dy Carina .Insuradccr '"
Co. have offered to purchase at $9 a. share all outstanding stock xof
v
quarterly dividend of "
payable Oct. 10 to holders •
regular
a
company has declared a
quarterly basis, the practice in the past having been; to
a
/pistributiohs previ6usly
^
Pearl Assurance Co., Ltd., of London, England—Seek»
Reg4
on
share on the capital stock,
Sept. 20.' This is the first time the
on
pay dividends
v
declared
21
Monday, August 26,1946
v.:'"''"■!■ -v/i
./J! »
per
dividend
,$854i29l '$7,8^3,ll5
pt^esturiftted
,
cents
adjustment
for .partial
accrual
•'
directors
50
,
;
V
;
Oppenheim, Collink,& Co., Inc.—Stock Placed
jular Quarterly Dividend'Basis—
'
1946—7 Mos.—1945
194G—Month—1945
Period End. July 31—
Oross income •'
I
"
■
Sept,
9
for
a
hearing
on,
Portland Traction Co. and the assets of the-Electric interurban railr
division ,of Portland Electric Power'for itotal consideration-tO£^;.
joad
$7,900,000.—V.: 163, P. 2012.
J V;
^00
Volume 164
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4519
Stock Record
New York Stock Fv
«»
DAILY RANGE OF PRICES 1
1 WEEKLY
YEARLY RANGE OF SALE PRICES
AND
LOW
$ per share
tper share
70ft
71ft
71ft
72%
*107 ft
108 ft
*107%
108ft
♦120
140
♦126
140
♦125
70ft
72%
73%
*10711 108ft
,
EXCHANGE
Aug. 22
CLOSED
13%
13ft
49%
49 %
60
preferred
Abraham & Straus
ACF-Brill
31000
900
Motors
No par
2.50
Co
*59i/a
61
Par
*41 ft
32 ft
30 ft
31ft
303/4
30 3ft
1,100
Address-Mutlgr Corp10
14
13 ft
13%
13 ft
13 ft
2,100
Admiral
13
49%
49 ft
51
50
48%
50
7.400
Air Reduction Inc
130
49 ft
127
127
127
30
7
6%
7
*127
38 ft
5%
54%
66 ft
55
39 ft
38%
102ft
5ft
55%.
102
♦127
■
7
7%
7
7ft
50%
50 ft
1301
39%
39
39%
102.
5ft
55 ft
55 ft
55%
551/8
66 ft
*65 ft
67 ft
56%
*67%
114
25
56*110
24%
25
114
5
60
*56
6%
65%
52 ft
*110
24%
♦24 ft
*24ft
3,100
112 »/2
♦108
24%
300
Inc
Gold
Mln
193
193
3,100
Allied
27
27
27
27 ft
271/4
25 ft
26%
26 ft
261/4
1,200
36%'
36%
36%
36%
35 ft
36
351/4
353/4
2,000
Allied Mills Co
50 ft
51%
47%
50
48
493%
7.400
105 y8
105%
*105%
47 ft
45
50%
51
51ft
*105%
107
46 ft
46 >/4
.46%
51 J/a
193
193
•
107
46
47
187
189ft
190
•105%
106 ft
45%
192
Allls-Chalmers
9,400
45%
451/4
•33 ft
34 ft
♦33 ft
34 ft
*34ft
34 ft
33 ft
331/4
*33ft
34 ft
9%
93/4
9%
93/4
9%
9%
9%
9ft
9ft
2.800
65
Dye
No
100
Mfg
j'„ Amalgam Leather
No pat
45
No par
Co Inc
1
6%conv preferred
100
103
:
61
*60
65
56
56
84
85
85
843/a
843%
83 ft
84
84 ft
84 ft
1,100
47
47 ft
48 ft
49
48ft
49
48
48 ft
1,400
15%
47ft
15 ft
15 ft
15 ft
15
15 ft
14 ft
15
14%
15 ft
21,600
American
Airlines
40
40 ft
40 ft
40
40 ft
393/a
393/4:,
39 ft
40 ft
1,900
American
Bank
83 ft
83 ft
20 ft
♦83
84 ft
83
83
83
83
81ft
*20
20 ft
19
20 ft
19
19 ft
1,100
541/4
50ft
52 ft
54
2,200
Am
135
40
55 ft
53 ft
55 ft
135
10%
*133
10%
10%
135
*133
103/4
100
100%
207
206
68%
*123
68%
125 ft
69 ft
•122
133
135
133
10%
1001/2
101 i/a
100%
100 ft
100
207
206
206 ft
206ft 206ft
70 3%
70
9%
703/a
67 ft
125
♦123
123
10 ft
*123 ft
123
30%
30%
30%
31%
30 ft
30%
29
30
115 ft
114%
114%
114 ft
113
113
143
142 3/4
115 ft
143
142%
143
142
142
143
142
400
American
1,100
27ft
26 ft
27 ft
26%
26%
26%
26 ft
26 ft
26
26 ft
26 ft
26 3/4
26 ft
26 ft
*26ft
•107
108 ft
108 ft
*106%
70
8ft
70 ft
*107
70 ft
70 ft
70ft
66
26%
*1063/4
108 ft
20
67
308
67
900
69 ft
8ft
8%
8%
8%
21ft
21ft
*21ft
22
21ft
21ft
21ft
21ft
*21 ft
26
26 ft
26 ft
27
24 ft
26 ft
24
25 ft
8ft
•121
8%
124
8ft
•120
8%
8%
8%
122
34 ft
34 ft
34
112 ft
•111
112 ft
*46 ft
47 ft
9%
46 ft
9%
9%
*51 ft
*52
13%
133/4
14
•108
114
•13%
*108
14 ft
•13
14
13 ft
34
115 ft
13
34 ft
•115
34 ft
•115
9ft
52 ft
52
102
13%
13%
♦108
14%
45
106 Ya
52 ft
105
13%
114
*109 ft
453/4
93/4
93/4
1063/8
313/4
112
45 ft
55 ft
106
*118 ft
34 ft
112
9%
56
106
105
8
122
333/4
46%
8
8ft
120 ft
34 ft
♦110 ft
8%
8%
13
114
13%
*108
13%
13 ft
8ft
*109%
9%
105 ft
*108
13 ft
13%
13%
35
33 ft
34
115
9%
Tuesday
$ pershare
33
I per share
33 ft
33 ft
105% 106
♦19 ft
20
106
»19ft
x36ft
36 ft
Xl56ft
156ft
15%
15%
49
36 ft
*155
15 ft
49
17%
•49 ft
18%
18 ft
128
128
129
118ft
119ft
118ft
18 y8
18 ft
18 ft
•179ft
180
39%
107%
•1773/4
40%
33%
1,200
13 ft
106
105ft
105ft
105ft
19 ft
361/2
19 ft
18 ft
105ft
19
7%
35 ft
35
156ft
*155
158
15
43%
129
119
1193/4
117%
119
1183/4
120
18
18 ft
Xl7ft
18
17%
*177%
180
38%
41
180
423/a
107ft
107ft
26ft
*26 ft
50
*48 ft
27 ft
1
253/4
50
1
184
44 ft
*55
*48%
>61ft
•
185
44
38%
34
50 ft
50 ft
50 ft
50 ft
493/4
153
>■: 154 ft
62
64 ft
61%
193
1973/4
180 ft
93
.153
93
97
97
64; "
*1171/2
22%
22%
*106
59%
10 ft
10ft
82
45%
51
45ft
51%
54
*50%
54 ft
114
-
533/4
♦113
39 ft
59 ft
60
20 ft
20 ft
20 ft
17 ft
17ft
♦7%
-
:
15
V 17
63 ft
1173/4
1173/4
45%
51ft
54%
17
114
54 ft
175
-v
10 :
43 ft
50 ft
55 ft
593/4
20 ft
203/4
*16 ft
*78
52
114
593,4
•
162
10%
45%
169
18%
170
i: *58
164% Jun
14
conv
9
108
75
Jan
July 10
lift Feb
6% Jan
113
Jan
45
Apr
3
129 ft May 15
44 % Apr 15
7
118
3
52
Feb
9
V 16
.
Deo
Nov
*2%
Jan
96
Jan
Xll7ft
Nov
20%
;
Jan
40
Nov
91
9
38%
Jan
10%
Deo
58
Dec
Jan
109
Deo
Jan
14ft Deo
103
Nov
6%
18% Mar 30
May 10
119
2
70
Jan
9
Jan
*58 ft
20 ft
No
1321/2
13,400
51ft
54 ft
114%
593/4
20 ft
73/4
v'
No par
730
500
.4,200
300
;n
600
?-
34
1,700
'
131ft
*128
143/4
132
164.
*163
164
14%
143/4
*129ft
;4 ,*
130%
*163
164
V
25,000
500
50
Feb
■
Jan
4
163
24
21
60
41
24%
Jan
Dec
39 ft
Jan
Nov
19%
11% Mar
130%
Nov
142 ft May
1
Jun
21
3
6
2ft
2
133% Aug 13
80%
Jan
104%
88% Jan
3
123% Aug
8
54%
Jan
95%
17 ft Jan
Feb
16
11%
Jan
19%
Jun
3
10
3
179
95
23
.
Feb
Dec
Dec
184
Jan
15%
Dec
Jan
Mar
Dec
30%
75,
jan
99
Oct
18%
Jan
38
Deo
33ft Feb
39 ft Mar <4
58 ft Aug
177
13ft Nov
Jan
67% May 14
5
23 ft July 24
.
176
186
Feb 14
42% Aug 21
108 ft July 12
ft Feb 26
35 3A Jan
Apr 10
22% JUn
17%
Jan
6
>52
: 'Apr • 5
733/4 Jan 29
i
22
191
14
i
,
i32
-Aug
v.
31% Nov
-443/4 Nov
-
40ft Jan
Dec
68 ft
164ft Jan
Apr 20
43
No par
Co
_JVo
8
172
'50
Jan
27ft Jan
par
28ft Jan
100
No
50ft Feb
July 26
393/4 Mar 13
160
par
49
147
2
;
2
Dec
181
158
8
8
67ft Apr
200 ft Jun
99 ft May
.-...100
Corp
14
preferred
No
78
par
121
104
.,.100
Wks & Elec—
174
61ft Feb 26
117 ft July 22
21
July 23
par
No par
100
?
-
Oct
Dec
69 ft
Dec
8ft
99%
9
221ft Mar
Sep
Jan
n
26%
~
112
Jan
140.
100% Mar
.
Dec
Nov
31% Deo
Jan
11%
53/a Mar
Dec
Dec
4
60%
Jan
~t$i 83
Jun
6
29%
Jan
49
Nov
51% Feb
60% Jan
Feb
28
62 ft May
28
43ft Jan
7
x64% July 11
19% Aug 22
57 ft
Deo
Jan
45
Deo
July
38ft July
Xll4% Mar 21
Jan
24%
28
Feb
38ft
14
40
113
27% May 27
No par
s,
Dec
161ft
116%
5
112
Anderson, Clayton & Co
21%
Anderson-Prlchard Oil Corp
10
Andes Copper Mining
20
A P W Paper Co Inc
—8
Archer-Daniels-Midland
No par
Armour & Co of Illinois
8
A
NOV
■
Jan
V
15% Jan 29
90
May 8
,
12.50
$6 conv prior preferred
.
91%
'
5
No par
No par
preferred
90
43% Mar
9
182 ft Jun
3
43% Jan
_50
196 ft
Jan
145ft
Dec
Deo
NOV
53ft
Jan
5
3
151
Jan
Jan
703/4 Jun
9
Jan
65ft
3
Jan
60
29%
9
Jan
Aug
65
110 ft Feb
93/4 Jan
Dec
Dec
157
27
79
29
31
3
July
Dec
Jan
Jan
21
17
Feb
128
1
..25
Aug
43%
128 ft
May 28
Jun 24
28 3,4 Jun
Nov
164
41
•
18
29ft Jan
No
"50%
17ft
6
Apr 10
Jan
Apr
Feb
Jan
22%
58ft Feb
July 30
100 ft May
preferred
27ft
May 10
38% July 11
180 ft Aug 22
100
153 >
43
47ft Jan
par
41ft
6
Apr 25
4
% Feb
10,f
45ft Mar
.
16
4
12% Jan
23ft
12 ft Aug
Nov
Nov
9"%
Nov
8
10% Feb
5 A;va 4%
Jan
3
23%
Sep
30ft
6%
Jan
15
139
,
17?
July 18
.1"" 05,
102% Mnr
X
,
* 1 1
4 T#,
1
Dec
49 ft
18% May 28
10
.nI32„ ^Jan, 54,
*
24% Feb
■■
3
122ft Jan
109
40 ft Jun
Aug 22
7% Aug 22
26% Mar 22
_
# per share
Mar
10% Jan
100
preferred
$ per share
July 15
17% July
80% Feb 26
158% Jan
2
7%
Nov
Year 1945
Lowest
Highest
106ft Jun 24
25ft Jun
3
43% Jun
3
25
803/4 Feb 26
$4
Deo
123
May 22
97 ft Jan
100
—No
Anchor Hock Glass Corp
A
Dec
14ft Oct
41%
■
preferred
Anaconda Copper Mining
Anaconda Wire & Cable
1,500
60
41
par
$5 prior conv preferred
7%
-
k
No par
Preferred
*16 V
;16
♦131ft
7%
45
20
par
.100
Amer Zinc Lead & Smelt
3,700
100
15
7% Jan
45 ft Mar 21
143/4 Aug 22
18.50
1st preferred
American Woolen
2,200
80
Deo
Mar
68%
118
21
July 23
33ft Mar
140
t- •
100
Telep ft Teleg Co
Water
56 ft
:
Deo
Jan
5
28
Am
109%
47
23
5%
300
Mar
28
Apr 24
Tobacco
6%
7,300
A
n,
No par
$6
10%
„
"y,ini>'
American Viscose
8% Nov
28
Jan
Common class B
12,900
170
54ft
•114
;
58ft'
♦50
,
Amer
American
3,000
22%
17
.
Preferred
•400
Deo
9%
19 ft
12% Jan
32% July 24
104% July 16
100
Am Sumatra Tobacco
107
44%
34ft
r,
•
57
Jan
63
130
26
11% Jan 22
99 ft Jan
3%
10% Jan
-
May 11
553A Jan
Aug 22
July 23
Aug 22
97
6
28% Aug
8
14 ft Jan 29
313/4 Aug 22
105
30ft Jan
15
23% Jun
4
Range Since January 1
Lowest
Highest
$ per share
I. per share
Sugar Refining
■
Dec
Oct
27ft Jan
American
96
Dec
149
Jun.10
1
Feb
19% Jun 21
Mill
1,300
1
Nov
42
156 ft
15
preferred
non-cum
Dec
127
112% Mar
28
No
Stove
94 ft
10ft
593/4
'19ft
14 ft
*163
Jan
44 ft Jan
;
American
187
•78
54 ft
114%
333/4
163
Jan:
27
67%
1 *'; 110 '*% Jan
Feb
15% Jun
American Stores
400
57%
51ft
54
*114
151/2
A.
96
40% Jan 10
150
73/4 July 24
18
100
600
117%
45%
15
163
1099
132% Mar 20
33
:, -
2,000
280
,
;
153/a
130 ft
48
Amer Power & Light com..JVo.paf;
$6' preferred—:
Wa par
$5 preferred
No par
6%
4,000
10%
15 ft
'
7%'
Dec
par
1
3,000
62%
*106%
82%
363/4
>v
Oct
199
Jan
Dec
No par
Amer Steel Foundries
1,500
37,400
22%
573/4
36%
7%
112 ft
Jan
27 ft
American finnff:
30
1173/4
\
36i/4
:
Feb
39
Jan
par
800
.
v
167 ft
22 ft
107
;
"
62%
'
51ft
55 y8
61
83
45 ft
114
60ft
21%
*106%
/ 7%
164
10 ft
*80
89%
183%
Range for Previous
•Preferred- y,-,-,;
623/4
'
166
*73/4
15
For footnote, see page
165ft
10%
•
23 ft
107
58 ft
82
203/8
118 r
40
5.600
154ft
95ft
168
36 ft
7%
37
ft
132ft 132 ft
164
62%
22%
15
72% May 28
18%
No
Rolling
Oct
28
STOCK
preferred
630
51
185 ft
*92
953/4
167ft
118
Deo
32% Jan
114ft Aug
37ft
62 ft
94 ft
65ft
*106
i73ft
82
95 ft
1683/4
603/4
173 ft
*92
64 ft
23%
107
it 17
210% Mar 29
No
34 ft
ft
*153 ■!
153
1683/4
118
60 ft
45
♦36 ft
169 ft
65 ft
171ft
10%
♦113
169 ft
Jan
Aug
3
y8 Jan
103 ft Apr
par
111
42
51
187 3/4
93ft
963/4
...
'
169
41ft
61%
96 ft
65 ft
41%
613/4
197
1
*
44 ft
44%
*166
154ft
93 ft
169%
48 ft
184
37
34%
50%
61
135
10 ft
5
1
37
19 6 3,4
Oct
1
16ft Jun
Safety Razor
American Seating Co
Amer Ship Building Co
Amer Smelting & Refg
900
: * ?60
59
1182 ft
34
93
•75
f
1
38 ft
96 ft
59 ft
593/4
353/a
92
171
48 ft
50
184
♦343/8
*152
128
25
123A Feb 26
11% Mar 12
American
•'
34ft
95
107
27
34 ft
60ft
22 ft
27
38
soy*
153
♦105
25%
44
50 ft
Dec
55%
Jan
24
1
preferred
4ft %
2,000
166
38
Jun
23%
Mar
Nov
par
American
670
57ft
44
35 ft
118 ft
107ft
57ft
'
41
*34 ft
64
107
58
166
37 ft
80
15 ft Aug
x41
.
Jan
par
1
Am Rad & Stand San'y
Preferred
47,700
44
•166
69%
14
—No
Co
Deo
41ft Dec
29 %
..J.00
Corp
News
43
Jan
20% Jan
Jan
par
No
preferred
.
3,100
413/4
43
37 ft
169
107%
.
1,400
40%
cum
American
19,300
.
•1773/4
168
168
28'
10
13%
No
6%
26,500
-
42 ft
•166
197%
183%
18ft
180
42 ft
42
•117 ft
58ft
183ft
17%
42%
38'
168
ft
186
106 y4
59%
,60
42
196%
58
43% May
-
11
22
1
American Molasses on
600
130'
26ft
*44
49 V4
18%
129%
♦48 ft
44 ft
*48 ft
49
17
129
393/4
Sep
11% Dec
Deo
71
34% Apr
Amer Metals Co Ltd
700
35 ft
183ft
573/4
♦185
49
ft
131ft
1073/4
*166
153
50
15
18 ft
27 ft
60%
3.90%
900
*1773/4
35
Jan
3
Amer Mach & Metais
130
15
18 3%
Jan
3%
106% Jan
5
50
Amer Mach & Frty Co
800
131ft
120
Deo
243/4 Jan
No par
of
56 ft
17 ft Feb
1373/4 Feb 25
EXCHANGE
280
19
143/4
57ft
185% 186 ft
105
19
35 ft
50
61ft
27
•48 ft
105
156ft
49 ft
No
NEW YORK
1,900
15 ft
493/4
18%
130
Apr 25
136
May 16
Aug 22
Shares
33
36%
107 ft
57 ft
32ft
157ft
15 ft
2
Aug 22
Leather...
Co
Deo
Jan
19% Apr 24
Jan 21
29
.
104%
91ft May 29
53% Jun
113
preferred
Bales for
157
15 ft
'75
57% Mar 13
100
Locomotive
ths Week
Aug. 23
1 per share
*36
157
180
Aug. 22
$ per share
323/4
19ft
1
9% Aug 22
90'A Mar 13
196 ft Jan 10
par
Deo
Dec
23
-39% May 27
Mar
Deo;
48 ft
38%
623A May 31
>12% Apr 25
120
Deo
36 ft
1023A
July 29
129
'
24ft
15%
63% May 27
108
Jan
27% Aug
20ft Jan
Jan 30
10
Ice
Ititernat
American
400
116
Friday
Thursday
32 ft
33
&
153 ft Mar
Deo
10
;
American Invest
300
5,900
28
39
14
preferred
6%non-cum
34 ft
*115
preferred
American
13%
18
29% Jan
1
par
No
13ft
1
74
'
100
1,800
34
ft
40 ft I 41%
108
57 ft
♦59
34
No
13 ft
Amer
25ft Dec
104
Deo
Aug
18
American Home Products
114
Jan
26
Jan
Distilling Co
conv
Deo
8TOCKS
Wednesday
Aug. 21
I per share
Aug. 20
Inc
Chicle
LOW AND HIGH SALE PRICES
Monday
Aug. 19
preferred
Cable
4,800
*13 ft
115
6%
200
108
30
par
100
preferred
American Hide
2,700
54
133/a
13%
13 ft
,
2,300
Jan
64% Apr
28
105 ft
13 ft
13 ft
114
34 ft
115
46
Deo
91
July 30
88% Jun
$6 preferred
No par
American Hawaiian SS Co_;
10
100
i 42%
50
1
$7 2d preferred A
1,600
111ft
*53 ft
$7
300
32%
9ft
52
103 ft
6,200
122
45
46
5,100
8%
8
112
13
115
26
*1183/4
32%
33 ft
400
Jan
45ftJun
stamped
20
American Encaustic Tiling
1
Amer European Sees
No par
American Export Lines Inc new_.40
Amer & Foreign Power
No par
1,100
22
25
122
35
115 ft
8ft
Amer
Jun
22%
14 ft Aug 22
Feb 26
Corp
Colortype Co
American Crystal Sugar
4ft% prior preferred
700
27
60%
Jan
78
American
27
107
&
conv
Jan
56
33
100
non-cum
*139
*
27
70
7%
5%
Deo
$4%
jan
100
.
Dec
6ft
5
Jan
27
Jan
par
No
2% Nov
2%
18% July 23
Co
Can.
Am Chain
15 ft Jan
50
Shoe
Preferred
370
27 ft
107
1
preferred
3,600
Deo
10
Note
preferred
30
Dee
122
212 ft Jun
1
113
66
Jan
6ft Jan
•
21
American Car ft Fdy..M...No
100
125 ft
29 ft
Jan
98 %
113
Apr 25
Aug 22
Jun
*111
38%
61% May 28
5
Mar
American
2,800
Deo
8
Mar 30
6
'
3
39
Amer Cable & Radio
470
69
Nov
21%
82 ;
79
5ft%
10,700
4,600
100
68 ft
693/a
*114 ft
103/s
10 ft
50
Petrol Corp
No par
Agricultural Chemlcal_No par
Brake
Deo
34%
69ft Jan 28
Amer
6%
47%
Apr
Doo
51% May 27
102ft Aug 19
8ft Jan !>R
:<
Amerada
.
40
81 ft
207
206
125
135
60
10 ft
ioo'/4 1003/4
206
*56
Jan
17
8% Apr
54 ft Apr
American Bosch Corp..
53 ft
19 ft
52
19 ft
54%
♦20
♦59
32%
22%
1
31ft Jan
*
Deo
3
12 ft Feb
45% Feb 28
v
21%
'
185ft Jan
2
S r -: 22% Jan
7
33
Feb 26
No par
Dec
13% Mar
8
Dee
28
135
par
•
Dec
17%
35
593A Apr
9
Jan 25
Mar
lis
Jan
Apr
20% Feb
No par :
40
-
21
Inc
83 ft
-
105
i
47
•58
CLOSED
100
Jan
9%
25%
68% Jun
ft Aug 22
65% Aug 22
Jan
)
41% Jan
52
•
60
1
May 28
243A Feb
Aug 22
38
Alpha Portland Cem
500
9%
5
,_No par
Allied Stores Corp
4% preferred
\
100
106
Chemical St
Jan
Feb
x50
6% Aug 22
31ft Feb 26
102
Aug 20
5
Allied Kid Co
37
193 ft
122
10
Allen Industries Inc
•
27
STOCK
iou
common
♦36
EXCHANGE
par
Vicksburg Ry
Alghny Lud Stl Corp
Alleg & West Ry 6% gtd
:
243/4
*24ft
No
-—
24
May 13
19
■
July 24
48% Aug 23
pf A with $30 war
100
$2.50 prior conv preferred-No par
6.500
54 ft
53 ft
55
l
Bft%
300
66
..No
;
4 ft % preferred ............i.100
Alleyheny Tinrp i
'
i '
220
53 ft
Corp
Juneau
Aldens
18,800
*65ft
112
Alaska
;
l
.
Corp.
Alabama A
1.Q00
5'A
53 y8
55
65%
57
37 ft
1021/4
102
5ft
52 ft
114
5,800
5%
102
67 ft
55ft
37 ft
38 ft
:
7
Express
Adams-Millls
500
60
v
*124
56
♦111
24%
102
5ft
5ft
•
38 ft
102
102
5%
,
*57
5,000
19 ft
19
19 ft
Adams
10
High
May 13
Jan
169
30ft Aug 22
13%
18%
Acme Steel Co
Highest
Low
84 ft
2
13%
102ft
•133
Jan
32 ft
7ft
Saturday
Aug. 17
I per share
112
60
130
•105 ft
116
13%
19%
19%
20
60
32
49 ft
193
61ft Apr 12
106% July 11
jloO
Lowest
High
*31 ft
19%
61
,
13%
♦111
14 y8
49 ft
Low
No par
com
Year 1945
Highest
12% July 23
30'/2 Feb 26
183/4 Aug 22
44% Jan
4
20
♦60
•127
13 ft
*473/a
Par
4%
140
*124
12%
48 ft
Laboratories
Lowest
13%
19 ft
31ft
135
50
Abbott
100
12%
13%
49%
Range Since January 1
•
1
5,700
10711 107j|
x481/4
13ft
Range for Previous
STOCK
Shares
741/4
723/4
YORK
EXCHANGE
the Week
t per share
72%
108ft
*120
138
13%
13ft
49 ft
*
*107It
NEW
Sales for
Friday
Aug. 23
Thursday
Aug. 21
I per share
$ per share,
FOR EVERY LISTED ISS
STOCKS
HIGH SALE PRICES
Wednesday
Aug. 20
Aug. 19
tper share
STOCK
Tuesday
Monday
Saturday
Aug. 17
VOLUME OF
1
127%
Oct
Dec
Nov
•
■THE COMMERCIAL
Monday, August 26, 194(
ft, FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
Tin
Monday
Saturday
„
I per
># pershare
f per thare
Aug* 21
7
'56%
57%
57
,
55
27%
20%: J
20 V4
28 Va
28%
20 y8
20%
20%
Aug.'23l
109%
20>/4
28
109%
♦27%
:,*27- •*' .29:
-27%
27%
144
•143
'
*142
144
143
144
141
'28
143
142
•
*57%
*105
I *26%
.
■ ..n....
n
112
143%
*57%'
113%
112
20
*69
121%
29%
120
121
400
24
4.000
69
400
Atl G. dc W1 CS
23%
691/4
69
43%
*41
43
700
85
84%
84%
100'
43
43%
44%
5,600
42
-,
.
123
*34
39
*34
36
191/4
22
'£
•'
19%
430
38
19
*18%
30
9%
9%
56%
57%
30
30%
21%
*21
21%
30
*28 %
29%
800
28%
O
Autocar
9%
9%~
56
56%
29%
29%
May 29
111
Jan
58
Aug 12
45
Mar
52%
Dec
96
Feb
26
121
May 31
76%
Jan
113%
Nov
115% Feb
21-
125
Jun
Jan
120
100
22
'
Par
37
•
22,400
Feb
•45
Nov
71%
Sep
!83%
Nov
30% July
42%
14
130% Jun
106% Aug
6
26
110
24% Feb
No pur
21
6c
:
<Thei
13
10
14%
29
July 23
14% Feb
Dec
29
Dec
10%
Dec
63
Dec
Jan
Dec
t
_
5% Jan
16
82% Feb
2
9
20%
)
32% Aug 14
27% Aug 22
No par
Dec
27%
Jan
10%
37^ Jan
Dec
130
Jan
18%
55 % Aug 22
«
$2.25 conv preferred
Jan
Dec
94%
Jan
113
23% July 23
3
27%
Jan
60
3
40% Aug
Aug 22
26'/2 Jan
14%
18
Jun
25% Jun
-14% Mar 13
pat
.
17
135
Dec
Nov
'
May 13
97% Jan
July 29
Aug
6
25% Jan '12
120
Apr
110
3
34% Apr
66
119
No
;
Opi
33%
100
s
^83% Dec
9
115% Jan
a
Deo
Jan
May 24
26
100
Dec
24"%
13 % Mar
'48%
May 28
33% Feb
($1.20).—No par
Cnro
94
51%
.
20
49% May
3
81% July 24
No par
Co.
AvIrmoc
2,700
,Jan
Jun
25
100
,
„
—;
83
•
101
25
2$% May 28
July 23
65% Mar 15
l.il
.—100
Automatic Canteen Co of Amer___5
3,000
28
27%
91/4
56
•
5514
.
May 21
148
No
conv
Conv prior pfd
1,000
29%
153
3
pref series A
Nichols..
139% NOV
Nov
27
preferred series B
Austin
14~0~
Feb
Lilies—.
preferred
Atlas Tack Corp
700
Dec
Jan
Jan
Corp—_
4%
10
48
i.—m
Atlas Powder....
—
21
22
30%
29%
;
500
>*34
.19%
18
Atlas
4,500
27%
30%
:■
29%
72 Va
122%
71
123
;
V
29
71%
71%
124
3.60%
122%
29%
29%
74
124
130
Dec
19%
133"
—i—ZI—.10.
4% 'conv
107
107
107'
350
Nov
x29%
Jan
11%
9
14
30
Apr
32% Jun
2
108
Jan
106% Nov
36% May 28
100
preferred
Refining——
Atlantic
/
Jan
59% Nov
113
100
5% «non-ciim
121
*119V2
121%
121%
*106
,
preferred-
5%
A T, F Inc.
42% July
0
23% July 23
131% Jan
2
.1
_„_100
Atlantic Coast Line RR
691/4
29%
/•
121
24%
18
par
Atch Topeia & Santa Fe
110%
4,000
107% Aug 12
23% Mar
Highest
May 31
112% Feb 13
65
26
$ per share
S per share
No par
1st prelCrred-it-w
2d preferred
7%
Assoc Investment Co..
■,
*83%
1221/4
1081/2 :
196%
59
*41
>42%
42%
;■>/: 72
'
42%
"85
6%
330
142
*577/a
—5
110%
23%
70
42ya
*83 y2
140 34
51'/2 Feb
par
350
144
*142
,
.No
Corp.—
Artloom Corp.—
No
Associated Dry Goods new,
2,000
Year 1945
Lowest
4 per share
$ per share
No par
preferred
Constpble
111%
*119
24%
$3.75
Arnold
6.000
59
per
Armstrong Cork Co—,
—
28%
Range for Previous
Range Since January 1
Lowest -•
Highest
'-vs.V.
200
20
143%
109
121
24%'
24%
■
.
EXCHANGE
1,700
29
26%
144
*142
59
♦119
121
;•*%
144
143% 143y4
112%
*119
m.,.
NEW YORK STOCK
Shares
27%
25%
?
the Week
201/4
20
♦57%
♦57%, 59
59
•
56
109%
*55
,
/
•
2714
Sales for
I perthare
-561/4
*107%
109 V2
27%
*107%
Friday
4
:
I per there
,
56%
r
*107%
:
109 %
28%
107 %
/'
Thursday
/:•/ Aug. 22 :
-•
er thare
t per-share
than'
♦27%
*
nnjr
11.1, i|i .1 m+v
AND
Aug. 20
/Aug. 19
Aug. 17
uium
u
STOCKS
HIGH SALE FRICES
Wednesday
Tuesday
Wednesday
LOW
Deo
58%
B
•22%
'
v
23%
24 Va
21%
23%
22%
23%
33%
34%
31
33
31%
32%
4,800
60%
36%
*53%
21%
22%
22 Va
23
82
82
82
82
83
83
61%
57
59%
59
60
2,700
.1'
,
*34
35%
*35
36
*53%
55
*53%
55
r*:i<i
55%
•*53%
2aJ/a
20-/2
2a
27%
"26%
27
26%
117
*106
V00''
59%
59%
117
107%
*58%
".
26%
26%
112
♦llOVa
46
46%
45%
26%
2,300
Bath
58%
59
900
Beatrice
*117%
118
380
-3%%
106
20%
21
21%
2,800
Beech
*40
41%
*40
41%
120
Beech
Creek
26%
*132
21
21%
23%
27
26%
27
26%
112
*110%
112
*110%
451/4
46%
32%
30%
31V2
111%
110%
110%
431/4
42%
43%
40%
4,100
Bendix
31
3,400
42%
42%
42
30%
112%
29%
>53%
29s/a
29%
110%
10,700
166%
200
69%
*68y2
69%
40%
40%
41
41%
42%
43%
1,100
Black &
27
26%
27%
24%
25%
25%
26i/a
7,200
Bliss
29%
30%
28
29%
27-'
27%
52%
54%
52%
53%
52 Va
52 Va"
*46
*47
50
111%
•111
*111
28%
58%
58%
277/a
28%
2,900
*52%
531/4
1,500
$2.25
&
*57%
*111
29%
57
57
111
111
111
68
*67
|
68%
39
39%
39%
51%
v
52
52
51
58%
-
;
49%
50%
50%
50%
50%
50%
*106%
107%
*106%
107%
106%
106%
50
No
(Del).;
No
53
2,900
50
6,000
1C0
24%
Dec
4
63% Jun
17
32%
Jan
47
Nov
56% Jan
4
36
Jan
55%
Dec
147/a Jan
39
17%
Dec
43
Jan
15
35
Aug
42
Dec
142
Jun
25
114
Jan
136
Dec
10
:V?>3
8
'
8
•57
8
V
.7%
*57
24
.
59
95
-
24
*90
59
-
*91
*57
7%
■
*57
800
>
>59
59
59
Boston
100
s*7%-: ' 7%
7% ■i 7%
59'
43%%
Bower
24%
35 % Jan
28
12%
May
29% Nov
17
18
35
37
Apr
112
Jan
8
103%
Aug
Sep
58
Jan
17
47%
Jan
19%
Jan
Jan
36% May 14
7
112% Aug
110% Aug 22
Feb
26
31% July 11
93% Jan
149% Jan
3
2
114% July 31
65
127
Jan
63V2Feb 27
83% Apr
10
48
46
May 31
23
Feb
16
33% Jun
28%
98%
Dec
Dec
Nov
155
72%
Jan
■30%
Dec
10
41% Jun
6
10
Aug 22
Dec
25%
„
Dec
13% Aug 21"
51
par
38% Jan
.100
No
38
10% Jan
10
29
July 24
Feb 26
Jun
*
2.50
109% Jan
Jan
32%
Dec
66% May 10
18% Jan
42%
Dec
114% May 22
3
2
xl08% Mar
Mar 26
17% Apr
34%
49%
Jan
78
Dec
95
Feb
109
Dec
52%
35
57
5
Biass
58
25% Jun 25
5
73% Jan
Aug 21
20%
9
Apr 30
112
No par
No par
104% Jan
.1
—
Dec
Dec
Jan
33 Vb Jan
2
22% Jnn 21
25% May 16
par
No par
(The)
30
351/2
Jan
Mar 22
168
Dec
Nov
63
22% Aug
17 " Aug
2
22
Dec
109%
.
6
52% May 10
31/4 Jan
•
par
...
class A
36% Jan
7
48% May 13
la
44% Jan
4
57% Apr
j,
Corp.——L_
7
58% Mar 13
5
Dec
Apr
67%
Dec
24% July
33% Apr
40 Va
Dec
45 %
Oct
5
36% Apr
55
Nov
10%
Jun
9
61% Jun
106
Jun 26
6% July 24
cum
Dec
112
22
69% July
44 % Feb 26
preferred
100
& Maine RR (assented) .100
Roller Bearing Co
_5
Borg-Warner
Jan
Mar 13
28
var
Dec
12%
May 8
44% July 25
1
&
Apr
No par
No
Aluminum
9%
28% May 13
'
107:-
*106%
8
25
No par
Mfg Co
preferred
B
Mar
30% Apr
127
Jan
7
l9y4Marl4
23
July 16
26
Airplane Co—...
Co
Jun
May 23
110
3
107
Co
Co
73
Feb
25
118% July 18
Aug
7
Feb 21
104
100
J
Borden
107
14% Aug
of 1946-No par
-
Class
.
18
9
Loan—
ser
Bona Stores Inc common
49%
52
l-ji»
W)
conv
Amt
39% Feb
10
3,700
38%
*106%
52%
49%
Bon
10
69
38%
39
48%
V
*68
68%
Bohn
300
111
4
100
Laughlln Inc
Boeing
8,800
57%
*110
111
*67
28%
*56%
56
*55%
*110
111%
28%
20% Jan
40V2 Jan
)
Bloomingdale Brothers...
Blumenthal & Co preferred
50
May 23
20
-No par
Co_
New
2,000
50
*111
28%
37%
52
•
18%
*47
111%
271/4
66
38%
51%
48
39 :
51.%
68%
38%
43'
13%
18
111%
28%
29%
*110
111
*66%
•111
111%
;;
28%
18
49
49
50
.
28%
*110
(E
Jan
May 16
31
116
Co
Decker
Dec
54
Dec
16%
57
100
Bigelow-Sanf Carp Inc
100
69
52%
52% Dec
2
1
preferred
400
-
18%
,
*67%
69
12
Mar
9
1
Blaw-Knox
*67%
1%
41% Jun
May 24
Jan
50
Steel
41
26%
■
29 % Aug
53
25
Foods
Bethlehem
*40
166%
166%
*166
38
V37
Best
4,700
109%
66
14
32% Apr 20
1
*68%
40%
26%
,29%
54%
26%
2P%
llOVa
29 %
109
17
64 % Aug
100
Best & Co
2,800
88% Jun
217/a Jan
par
:
preferred
Indus
166%
166%
69
*39%
30%
113
167
Dec
Aviation.
110%
*164
69
*166%
30
30%
110%
,
1111/4
167
No
pfd-
RR
Cum'pfd $3.25
*
30%
30V*
110%
Jun
81
30
Jan
3
36% Apr 26
75
1
Packing Co
Benpficlnl
100
23
12%
20% Feb 25
10
preferred
45%
llOVa
Jan
Corp
Howell
&
4% %
111
31
*
Bell
1,000
26%
112
45%
45%
45%
31%
*110i/2
1,500
Jun
44% Nov
1
Belding-Heminway
Bell Aircraft Corp
1,500
24%
24J/a
25
111%
42
138
21
136
20%
28%
Jan
10
Co
Aircraft
*132
Dec
Jan
19%
Corp
4%%
107%
20
Beech-Nut
35%
11%
Aug 22
5
conv
*106
22%
27
Beck' Shoe
50
106
24% Aug
16
28
100
Inc
Foods
cum
30
47% Jan
50
Works
Cigars
59
118
59
38% Jan
30 % Jan
31
Co
Oil
Iron
Bayuk
1,300
56
55
57 Va
54%
—117%
138
*110 %
32
42%
42%
26 Va
42
*25%
46%
,
*110%
112
26 Va
21%
22%
112
31%
31 %
*110%
26
60
*132
27
27
26%
41%
26%
*110i/a
Barnsdall
107
22%
*25%
26
26
8,500
57%
preferred
preferred
29%
21
V
138
i *22
22i/4
22%
41%
*132
138
•132/
$*'■
•>*40
41%,
*40%
4%%
28%
118
.
400
28%
*106
21 /
20%
5%
27 %
*117%
107%
*106
Aroostook
&
*Conv
28% July 24
21% Aug 22
.100
50
Barber Asphalt Corp
Barker' Brothers
3u
60
59%
117 Va •118 ;4
21
21
55%
V4
51%
58
*57 Va
57 Va
56
.
'37
(•
37
*53%
29%
26%
■?'
55 V2
29
'17
y
Works
preferred
Bangor
90
60
*23
23%
;*61%
61%
4%
700
23%
84
62
13
100
Locomotive
Baltimore & Ohio
20,700
34%
*82
36%
£;y
-
Baldwin
6,000
24%
i.
23%
23 %
64
*83
•
29%
23%
•V
34
33
29
34
-24%
23%
30%
'30%
30%
30%
v.
107% Aug 12
23
5 %
May 31
•42%
11% Jan
51
Mar 18
64
23 %
72
15%
42%
July 24
Jan 21
July 23
July 24
34% Jan
Apr
Jan
59% Nov
'
23%
24
91
91
17%
18%
17%
18
17%
18%
17%
17%
17%
17%
441/a
44 >/4
44 J/4
44%
44%
44%
42%
44
42%
*31%
32%
31
32
31%
55
55%
55%
113
*112%
112%
55
•112%
*
33%
33%
*39%
40%
40
*108%
108%
*107%
'
33%
20%
-
108%
20%
17 Va
95%
127
*125 y4
17%
1774
95%
96%
34
35
35
107
107
/ 107
"17%
X95%
107
96%
v.
51%
•125
17%
v;; 17%
■>'
*
6 o*,2
35
"
35
*106% 107%
.
51%
'40
"51
-
' ■
23%
10,500
10
1%
Budd
102%
»io%
*95
>97
*92
.S3,,
*108y2
-
'33%
"97
.
10%
96% "
.27%
110%
*34
92%
cr,
33
6%
'
18%"
96%
"17%-
U8
•
,
28
92
/31
400
92/;/
!
/
94%
a
1,800
;
1,700
130
:
31%
Vv:
-
'•
.
6%
270
109%
31%
Bush
30
2,100
i
'6%
•26%
26%
*109 ,v 110%
32
1.600
500
preferred
/4%%
Butte
Aug.*19
-$*3 ■■■>■>:
•/
t per thare
22
t:.v
22% Jun
Jun
mIIOO
._5
Zinc—
Byers Co (AM).
—:
.No par
Participating preferred—j100
■rByron Jackson 3d
No par
$ per share
2
■
*31%
~
.
-
40%
■41
!
/>54 /
> /4%
V>
8%
CLOSED
.
Nov
Jan
37%
Oct
25
18%
Jan
39%
Dec
30% Aug
11
42%
Dec
26% July 22
105
Mar 22
ill
111% Dec
Sep
119% May 27
102% Aug 16
21% Jun
'
9% Aug
13%
13
Apr
May
98
39"% May
110
May
9% Jan
35% Feb
40!
Dec
15% Nov
95
Nov
69% Mar
*14% Jan
81
Nov
105% July
110
77% Aug
4
31
2813
6
27%
7%
3% Jan
16'
16
28
Jan
101%
v87
Aug
22% Mar
112% July 11
•
20%
Jan
7% Mar
15% Jan 29
100
May 28
39
Dec
Oct
Dec
Dec
Feb
Nov
'■
Bales for
*
NEW
-Range for Previous
'
the Week
Aug. 23
>
39%
.*
1,100
54%
rs
EXCHANGE
Highest
Lowest
f per share
t per share
$ per share
Shares
9 perthare
Year 1946
Range Since January 1
Lowest '•
Highest
8TOCK
YORK
"
$ per share
•
STOCK
\
Nov
20% Dec
»
EXCHANGE
■1
40
128
Jan
22 Va
!
41%
*40%
/// 16%
54:"-
54%
"4%
4%
8%
8%
8%
55%
'32%
32
-17%
-16%
-
.
*55%
56
*54
18
68
68
48
-'17%-:
31
68
17%
.
*17%
133%
*132%
V*53%
■25%
25%
25%
157./;
page
v
1099
55
■
--
••
i/
■
-~a
,
56
.
25%
■
-55-/
54%
*25
*54%
*124
.18
53%
23%
55
,
66%.
-
130%
531/4
25%
xi7%
;
-54%-V-
:
:
17%
:
v
>54V»
&
Hecla
30
54% ;
No
Capital
Administration
7Q0
:'■ 16
124
$3 preferred A
Carolina Clinch &
Steel
Corp
; Preferred
Co
Ohio
52
class
Ry.
I
—
4 % /series—*..
Aug *22
Feb
v
-
26
,
45 % Mar
68
Jan
'53
22%
73% Apr 22
5
«61%
/6tf
Apr
/'4
Dec
}
9% Nov
20:. Mar
Feb
128%
Jun
17
56
Jan
47
16-
2
July 30 '
••
32%
113%
7;
Feb
34
Apr
Nov
July 30
May 29
21% May 29
59% May 21
May 23
137
23% Aug. 22
Jan
Dec
56
Sep
I.V4
'6V4
"■
43
Jan
52%
^
'
—5
27%
*
28
>18
16% Mar 1 i
'55
Jun 26 '
126% Jan
100
16
147
6
May 24
7% Feb
'
40% May 29
25
Aug 22
Mar
62% Feb
par
A—1
58
12% Jan
7 *
:i7% Aug 22
25
I
400
3,900
X30
No var
/Canadian Pacific Ry
Carrier
7
3 Va Jan
8
Dry Ginger Ale Inc—1.66%
Carpenter
Jan
,
$4.25 preferred —u.—Wo par
Canada Southern Ry Co
;
100
Mills—
400
54
50
8
Apr 10
47% Apr
2
Cons 'Copper^—5
Cannon
60
?
Jan
__1
Campbell W & C Fdy
10
.
64-.-/ :,-54-24%
24%
•
Calumet
800
132
;
i
.39
par
1
Zinc-Lead
Callahan
Canada
29,600
66% r.
.
5% :
No
Packing
pref erred—
9,000
10
55%
58
California
1,000
16%
132
:
24%..
53%
8,500
31%
*56
.
50
8.800
8
17%
57
130%
54%
-■*54
.
4%-",;
.7: 130
17% :>17%h;
*55%
;
132% 132%
A
'a :>/■■■• 16-'/
67% i
'
57
.
3%
X31%
16%
55 %
Va'
.
130
*53%
■
4
/
31%
16
56
*54
■
8 Va
130
-
±39%.
41/4
8
32%
18%
54% /;
4
17Va.
..
40%
54%
■'"■
.8%..
18
57;
■54%
.
68
':*55%
57
133%
see
39%
4%
134
*54%
68
,-*17%
*130
18%
54%
Por footnote
167/a
56
.
8%
.*31%
17
134
*132%
*54 •/.:•
:-54:
4%
-
32%
*130
18%
*66V2
17%
„
'54
*
134
*131
/•.
54%
: 4%
'40%
Y-
108% Mar 28
7
90
Jan 10
75% Jan
2
25% Jan '4
107
Jun 28
6
Jan
3
"24% Jan
3
99% Jan
2
'-29% Feb 26
'
\
25
45% Feb
3
101% Aug 1
16% Feb 25
-a—10
NOV
13
99
'-22% Aug 22
107% Aug 22
107
Jun 20
100
Dec
*
35% Nov
Jan-
120
59% May 29
•
112
12% Mar
25% May 31^
Feb
2
v
■••;•,
•...
1
v
23%
38% Apr 23
130
46% Jun
*
-36
Jan
110% Mar 18
v.'
■
21
45% May 28
104% Apr 25
1
Dec
July
106
.
Friday
•^'Thufs'dif
Aug. 21
$ per there
fper thare
$ per thare
•iVi
'
38% Apr
35%
1
3
Feb
....
.STOCKS
Wednesday
;
3
Apr
May
70
'
-
Tuesday *
/Aug. 20
.
42% Jun
115
Feb 26
preferred—
LOW AND HIGH SALE FRICE8
Monday
Saturday
j
52% Nov
38
common—
Copper &
37% Mar
35
Bush Term Bid® 7 % (preferred—100
/Butler 'Bros
28
.5
Terminal..—
Dec
10% Mar
No par
1
...
Co. Inc.
Dec
19%
16
53% Jan
Jan
Jun
*30% Jan
1
3%%
40
"6Va.
110%
32
—.
$3.G0 pfd——100
11,000
•
33%
108
,
eva- V.
...
Co——
Co
Watch
No par
No par
common
—
preferred
..100
Burroughs Adding Mach.^...No par
-
10%,
31%
*109%
34
90'
r>
Forge
-9
—300
Dec
80
Jan
47
20% Feb
July 23
10
7
Feb 26
Feb 26
Jun 10
July 30
Mar 14
Jan
2
16% Aug 22
95% Jun 21
par
mm
37%
17% Mar
9
May 14
91
30
35%
109%
31%
*35%
106
'28%
18%
120
•Burlington Mills Corp com new—11
,4%. preferred
100
3% °/o cony 2nd preferred^
100
'
-I8'
No
-
Buff Niag El Corp
Bulova
80
108%
-'90~ ti
.
"Buffalo
"Bullard
14,000
■:
177/a;
10%
*92%
:• ^
Co
par
600
23%-
*108
(The)
preferred
3,000
•.
*101% 103/
.
$5
5,300
39%
22%
"25% ; 26%
110%
.33%
300
*100% 108
i/
6
28
109%
34
103
Co.
preferred
Bucyriw-Erie
290
5051
109% •109%
6% "
:: 26%
110%
35%
"93%
109%
6%
15,700
96
38%
v
'95
'
33% "
109
6%
17
33 %
10%
10%
92%,
-
-32%
*108% >110
110%
33%
is
v;::
-
94
33
..
108
102%
10%
*
27
27
noy2
108
10%
^,>92%
.«%
108%'
:*ioi%
.18 %H
r
;
/
•
*95
110
6%
102%
*10%
33%
33%
•,
*101%
■: i8
:
18%
>10%
18
16%
49%
50% 7
22% -23%
107% 3 C7%
*108
108%
*101%. 103 /
23% :;;-24—' -
108%
110;/
110
109
109
,;noi
24%
109
*108%
Bruns-Balke-rCollender.
2,400
19%
96
37%
36%
52"
290
32%
*106%
"
23 %
23%
*ios% 110
34-
400
40
108%
19%
95%
v
*33
,
1,000
.
No par
2.50
100
No par
15
No pat
New
preferred
Brooklyn Union Gas
.Brown Shoe Co Inc com
$3.60 preferred
3% %
32
127.
17
16%
97%
Z42# 1136%
41%
51%
50%
127
—No
Bristol-Myers Co
125 %\ 125%
,
*125
127
*125
Briggs & Stratton—
700
33
33
31%; 33
18%
20%
"
:
20%
20%
/397/a
"108
1,800
54
113
108
39%
108%
33%
33
32
;
4
20%
40'
Bridgeport Brass Co
Brlggs Manufacturing
54
'
2.50
IP
No par
Airways Inc
Brewing Corp. of America
31%
*31
-32%-j
Braniff
43%
A
*39%
32%
200
8,500
3,200
*112 Va
55
112%
2,700
110
*90
32
55
33
*39%
108% 108%
32
33
.
90
*112%
24%
24%
237/a
*31
55%
112%
40
20%
32
55%
33%
23%
X90
*112%
i
33%
31%
24%
95
Dec
Dec
10% Jan
20%
48% Jan
72
Nov
:
11
Jan
21
Dec
■i-
52
Mar
56
Oct
135
Nov
49
Deo
7
Dec
/
116%
4
32t
21
Jan
- Mar
JaH
Wi-
33% NOV
;
■
/>
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4519
,Volume 164
NEW YORK STOCK RECORD
LOW AND
■
t pet
t per share
EXCHANGE
171
72%
66%
47
•lb8
■;>
73
<171
67
72%.
'
72
C8%
,
8%
2,600
45%
70
3.600
*163
1714
71%
63
67:
107"
63%
Shatei
8%
45%
46
*168
171
72%
Sales for
the Week
# per share
8%t
45
47%,
*168;
•<.
8Va
8%
8%
48%
Friday
$ per share
$ per share
,
47%
72%
;
67%.
•
8%
8%
8%
46%
*163
CLOSED
$ per share
share
8%
46%
,
STOCK
Aug. 21
Aug. 20
Aug. 19
Aug. 17
Aug. 23
Thursday
Aug. 22 \
Wednesday
.Tuesday
Monday
Saturday
HIGH SALE PRICES
171
71%
71%
68%
67%
67%
*107
107%
31JA
31%
107% 107 %
159% 159%
31%
32
31%
28%
30%
31
*21%
22'/a
*21%
22%
*21%
22%
21%
21%
21%
22
23%
23%
23 %
23%
23%
23%
23%
23%
23%
23%
16%
16%
16%
16%
16%
16%
15
16%
15%
10%
10%
10%
10%
10%
10%
.10%
10%
•106% 107 %<
159%
159%
*112
•112.'
:
113
101%
*14%
14%
36
36
*14%
113;
*112
37
V
37
*17
18%
42%
43
23%
24
23%
24%
18
159%
«
;
;
159%
16
10%
113
v
*13%
;
..
101%
*100%
momxom
37%
*36%
113
113
*112
14
159%
31
10%
113
14
43:.
'
18
107%
*159
101% 101%
14%
42%
*106
159%/
31%
i01%'101^
101%
107
*159
14
.
18%
*17
'
43%
43 V-
24%
.23
*31%
33
*32
33
57
57%
58
112
*111%
112
57
*111%
21%
22%
21%
24%
24%
*24%
24%
60
60%
30 %
60"%
8%
9%
8%
22
9
16%
17
17
17
12%
12%
12%
12%
10
10%
10
10%
18
18%
18%
18%
12
12 %
11%
11%
*6%
25%
*57
27%
18%
*20%
21
*
11%
11%
46
*44
1103i
116%
112%
117%
115%
18%
21
*20%
46
*44
63
18 %
11%
11%
54'A
57
*61%
62
26%
29%
57
57%
*61%
xl8%
55%
53
29%
22%
55%
29
7%
21%
1113/4
26%
113
*112
312
*111
27%
*111
112
34%
34%
33 %
34
33
33%
51%
513/4
50%
51 %
503/4
513A
35 3/4
36
35%
35%
35%
15
14%
14%
143/B
15
*107
108%
*107
28
27
14%
108%
26%
27
26
35%
*107
108%
27
*60
64
*61
64
138
*178
188
*178
183
*178
188
in*
*104
108
*103
108
*104
108
112%
*112
112%
111%
*111%
112%
62%
62
*178
*112
6 *%
108
*101%
103%
*57%
111%
*64%
67
108
108
103%
102%
66
108
57%
30 %
29%
30%
29%
35%
35%
34%
53%
53%
54
51%
53
*160
162
165
*160
I per
*66
Friday
Aug. 23
59%
59%
*107%
110
*54%
66 3A
*1100
58%
*109
170
66%
66%
57
share
170
—
CLOSED
165
f per
share
*1100
STOCK
EXCHANGE
52%
*160
165
170
170
35
51%
Aug. 19
Aug. 17
30%
35
f-
Monday
Saturday
< per share
60
30
35 %
53%
*•57%
30%
35%
103%
*102%
57%
29%
35
*158
66%
108
108
103%
*102%
60
*575/8
60
66 %
66
*1073/4
b<j°/4
*107%
109
54
56
54
153/a
15%
20%
I53/4
20
16
20%
20
26 3/4
*25
*23%
20%
24
20%
*19%-
38%
38%
*36%
37%
37%,
11%
.
27
12%
*25
23-.
:
23
36 °
21
37%
36%
.*•
113/4
11%
1/128
109"%
*104%
109%
104%
104%
40%
46 3/4
48%
-
117
.117
116
106
49
-'49%
49
106
.39%
57%
46
109%
33%
97%
47
46
32
99.
*96
40.
32 %
40%
30%
.
...
&
109%
109%
105
109%
40%-
'.
117
117
26%
25%
26%
4%
-4%
4%
128%
129%
128%
34%
35%
34
64 %
*59
*62
26%
4%
129
34%
61
61
32%
61
34%
32%
48%
*48% * 49%
47
32%
47
*47
7%
7
7%
7
32%
,7%
33
32%
,
29%
.
29%
30
106%
106%
23%
'
117
4%
128%
34%
23%
30%
106%
7%
30%
23%
303/4
106%
1065/8--
22
■
47%
493A
26-
129
'
.
33%
99
46%
49
4%
25%'
40
32%
*97'
106%
22%
223/4
19
19
19
193/8
19%
19%
54
55%
53%
55
53%
543/4
23%:;: 24%
22%
23 3A
24%
243/4
313/4
32
32%
32%
31%
113%
113%
113-.%
45%.
18%
*106%
I
44%
46%
32
1133/4' >
44
18%
45
18
107
107
X43%
*112
*110% 113%
13 *A
13%
13
13%
54%
15
43%
43
20%
20%
20
23%:
*54%^
233/4
55%
-45
203/4
54%
'54%
17%
55%
*
-
18
553/4
18%'
37%
*18%'
36%109
109% 109%
68%
66
*205%
10%
•'
42%
423/4
For
see
page
,
33%
55%
footnote
53/4
44 ■
109% 109%
47
•53%'
53/4
43
30
*46%'
3*
•29
33%
33 '
47%
*5400560
47
1099
13%
553/s
14%
15
*
43%
/" 20 %
; 23%
23%
*54%
...
56
*173/8
'
17%
*55%
56
'
:
16%
18%
59%
60'
60
35%
•
?5%109 /.,, •108109
'67%/ 69%// /.';'68 % :vV69%
109
70%
10% ,11
;
.
*109% 110%
.^39%/33%
.
59%
37%
13%
543/4
*
!i8%':
T8%
fc05% 205%'
10%
•29
,
70'
207
•vsc5%->6'
19
60%" 60%
107
56
*55%'
603A
37%
19
43 3A
17%': .1
17%
18%
60
45%
*112% 113%
14%
42-%
24%
23
43%
54
54
15 : -15%
20 3A
y
18%
*106%
113%
"
44%
1
v
443/4
'
53%
45
»
19%
*106
443/4
113% 113%
'
205
,
>
rV36
"'.206%
10 %*
:v: 5%/
1*205:; ; 207
-
10%
1
4i'\::43'!.0v
*29*
45%'
30
46% V
.
tf-, 43
.
44
•107% 109%
33%
*53%" *56
10%.
5%:5s/s
643A
38%
Dec
Oct
Oct
108
Dec
71
Oct
199
13
Deo
Deo
;
V
7%
Dec
43%
Dec
108%
Dec
343A
Dec
41
V5% '„
•107% 109 Va
33%
.110%
263/8
Jun
59%
Dec
53
Deo
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, August 26, 1946
NEW YORK STOCK RECORD
Saturday
.V> .Monday-. ••
share
$ per
I per thare
'■■■■
33%
33%
STOCK
EXCHANGE
"109
110
109
132
.109s
•126
*124'/a
;
50
49
CLOSED
*109
110%
»124 v 134
48%
50%
36 !; v
105
*103
22%
22%
69
*63%
15%
15%
♦7%
71%
7%'
■
21%
*135
•
131
130%
71%
22
37%
37%
48
33%
33%
24%
24%
*165
175
52%
105
*103
21%
21%
*60
66
14%
15%
130%
130%
70%
70%
-
•7%'
'
20%
..
■
48
114%
*113%
175
50%
15%
16
*130
131% :
71
71%
7%
7%
""21% 22
*134
140
*36
37%
109
132
47%
113% 113%
34
35%
'22%
24%
*165
,
■
140
.
47%
34
33
109
*122.
110%
132
•,
175
54%
55
*103
105
22
1 22%
63%
63%
57%
33
32
*109
*165
175
57%
?
.
25%
24%
*165
w
9 per thare ',
113% 113%
*35% 36 »/.
24%
24%
.113% 113% >
•35
-
*120
.
134 '
•Friday
••'••>Aug.,23>:;*
J"per thare
*•*'"
Aug, 21
I per ahatet.9 per than
"33&* 34
34% V.
■
<:
"
Thursday
Aug. 22
Wednesday;;
Aug. 20
Aug. 19
Aug. 17
SALE PRICES
LOW AND HIGH
Tnesdar
21%
7%
♦135
: 140
*36
37
Dana
Corp
1
23% Aug 22
Corp. jn V
_0
Corp <Tb**»
—1
Dayton Power & Light Co (The)—7
4%% preferred—
;
100
Dayton Rubber Mfg Co
50c
Davegu a to res
23
Jf eo
navison
24
Feb
Chemical
Decca
Records
Deere
&
Inc
Co
No
Jan
Delaware Lack ft Western
58 % Jun
42% Jan
5
11
41% Mar 15
3
42% July 26
50% Jan 29
9% Aug 22
25
7
34% Apr 20
75% May 1
37% Jan
20
Jan
2
par
20
50
Edison
May 13
113
6
26% Aug 16
45
100
Preferred
Detroit
110% Jun
July 15
34
31% May 28
36% July 31
34% Aug 16
l
Delaware & Hudson
29
26
19
16% Jan
16
3
28
Apr
17
Detroit Hillsdale & 8 W RR Co— 160
73Aug 22
77
Feb
25
De Vilbiss Co
22% Aug 12
24
Aug 13
39% May 9
Devoe &
43%
*49 %
43%
42%
43%
Diamond
*49%
50
49%
49%
25
26%
Distil Corp-Seagr's Ltd
*106%
110
X25%
109
*106%
45
45
44%
44%
24%
27%
27
27%
26%
*106%
25%
b%
109
42%
*55%
57
*55
57
*35%
36%
*35%
Hatch
partic
25
3
24
50% Apr
4
49% Apr 15
34% Jan
July 30
21% Jun 21
2
new
3
43% Jan 15
2
preferred—
Jan
40% Jan
No par
preferred
30
No par
39
Feb 26
No
52
Mar 28
par
14
July 10
109% Feb
105% Mar 15
——100
Dixie Cup Co common
Class A
43%
57
*56
6%
Jan
28
12.50
Diamond T Motor Car Co
25
26
26
■:
*43
50
43%
■
5
Raynolds class A
'
5
52
Apr 24
62% Jun 10
36%
36%
36%
Dr.
Pepper Co
No par
36
July 30
48
32%
32%
33
33%
31
32%
25
Jan
20 V*
20%
20
20%
No par
37% May 31
29% Feb
6
29% Nov
83
85 %
86
20%
87%
Doehler-Jarvls Corp
Dome Mines Ltd
.5
20
108% Mar 25
100% Dec
Douglas Aircraft
No par
—
190
190
190
184%
186%
Dow Chemical Co common—No par
117
*114
117
*112%
115%
25%
Dresser
108
128
Dunbill
116%
thare
Liffht
fl«
Friday
Aug. 22
I per thare
9 per thare
Bales for
Aug. 23
Thursday
the Week
9 per thare
26% "26%
26%
26%
26%
26%
25%
24%
28%
29
28%
29
28%
29%
26%
28%
27%
59%
59 VB
60
60
60
57%
58
58
233%
♦233
237
235
231%
*232%
207
*203
207
*203
207
*203
Aug 22
Jan
30%
*203
*59%
60%
59%
} 35%
35%
*34%
♦110%
111%
49%
49%
125% May 22
129
Feb
117
Mar
Jan
4
16% July 23
i
Range for Previous
NEW YORK STOCK
Year 1945
Range Since January 1
Lowest
EXCHANGE
Sharer
Lowest
Highest
Wper
9 per thare
9 per thare
thare
*34%
110%
49%
49%
59
50%
49
49%
♦119
119%
*110
110%
19%
10
30%:
60%
20 %
110%
10
10%
>62%
63%
64
^64%
*
21%
22%
22%
22%
42%
43
*42%
43%
*
*19%
62%
■
64
21%
v
22%
*42%
v
-
5%
24%
23%
174%
174%
174
158
155% 156%
5%-:
159
♦
155%
19%
88
♦83
108
♦107
*105%
170
108%
155%
*154
47%
49%
18%
19
27%
*26 V*
27%
87
*80
85
108
*107
108
.108
,♦82%
*107
-
34%
106
*105%
108
.107%
109%
3%
3%
15%
109%
,;
3%>
35%
3%
•
v
33%
19%
19%
26%:
*80ya
*107
34%
27%
85
108
32%
33%
*105%
106
104 %
105%
*108%
109%
*108%
109%
109%
109%
*109ye
110
3%
3%
3%
14%
15%
71%.
71%
110
3%
3%
•15%
16
.-
♦71%
72%
♦91%
94
16
15%
27%
158
109%
94
3%
>15%
15
91%
91%
14% -15%
.
15%
27%
26
27%
,41%
43
43%
41
42%
56% v;i 57%
♦56
57%
•27%'
■;
23
173
v
106
110
15%
72j/4
16
155%
5%
22%
29
>88 r -:'i
35
♦109% 110
72%
173
-.hi:
.43%
5'
22%
173
49%
54%
*105%
*107%
106
*107%
*91%
42
5
22
54%
347/a
34%
345/a
:
20%
49%
28
*107
63%
20%
43%
5
10%
62%
21 %r;
55 %
20%
27%
•82%
110%
10%
50
*
55 Va
51
*110
27
49%
v
55%
35
49%
19%
50%
55
5%
24
174
59
110%
*119
62%;,
♦41%
43%
5%
23%
•
175%
-
207
34%
*110
*110
157%
35%
110%
10%
*49%
*34
*110
110%
237
58%
41%
27%
ioy»
*0%
73%
73
>73
69%
71%
24%
12%
•73
25
25
?
24%
25
12
12%
11%
12
Fairbanks Morse ft dd
p«f
,
'
24%
12%
•23%
•38%
15%
\
♦23%
24y8
105%
105
.4545
50%
*106
16
45..
31%
Federal
»
Light & Traction
$0 preferred——
Federal Mln ft Smelt Co
2
41% Jan
37%:
Federal-Mogul Corp
0
26
15%
Federal. Motor Truck
No par.
14
32%
106%
Federated Dept Stores new
4% %
conv
preferred
com—♦
100
1
36%
19%
26%
112%
Aug 22
29%
105
30
88
Feb 26
14
31%
45%
*44
16
May 21 .«\-f 42%
Feb
5
25%
Jan
9 ;
12%
Jan 10
17
Feb 13
104
54% Feb
7
25%
43% Jun
5
22V*
21% Jun
5
9%
34'/a Aug 13
108
Feb
7
103
34y8May29
21%
Jan 3
July 29
Aug 23
Mar 14
Jun 18
36%
106%
30
30
61%
23
11%
21%
105
<
20
Corp.l
15
No par
Fajardo Sug Co of Pr Rico—'
Farnsworth Televls'h ft Rad
23%
23%
*106% 106%
107
-
15%
-
107
*29%
<
^•38% v38
39
v
24
106%
,"X45
.
>
14%
,15%
32 >
32 V*
32%
105%
-
28%
*105%
106%
Ferro
29
Enamel
Corp—.
4
29% Aug 22
xl04% Apr 17
28
Mar 14
<
.
Jan
Jan
Mar
Jan
Mar
Jan
Jan
Jan
Jan
July
♦
61
62
•61
70%
'70
*105%
63%
r
107%
26
36%
113%
•113
*43
;
45
v
*43
:
38%
113
:
27
113,
>>
/
>63%
26
36%:
,
112%
45 ■•>'
*43
19%
19%
19 %
19%
26%
27
27
16%
16%
16%
17%
16%
19
18%
18%
"18%
90
,
*36%
*27
29
*89
90
38%
38
27%
/
•27
,29%
29
For footnote see page
1099
91
38%
28
29%
19
*27>
'
60
89
38%
■
62
62%
25
25%
36%
X36
*111%
45
♦43
112%
'
45
19%
18%
19
28
25%
27
16%
18%
17%
19
89
-
*60%
62
Fidel Pheri Fire Ins N T
70%
71
Firestone Tire ft Rubber.
71
*106 107% V
63%
27%
38%
112%
60%
69%
72%'
107%
25 %
718%
62
71%
*105%
107%
63%
37
37
*60
71%
63
63%
25%- .26
>
61
71:
*105%
16
18
*107% 107%
62
62
?
*
4%%
10
First National
26%
112%
No par
8tores
*43
.
Florence Stove Co
...No
var
,
7%
19 ">/
Florida Power Corp
*20
27%
17
17%
Florsheim Shoe class A new-No par
Wollansbee Steel Corp_
—10
18%
18%
Food
18%
*
87%
89
Food Machinery
38%
38%
Foster-Whe61er
26%
0% prior preferred—
Francisco Sugar Co
—..No par
•26 Va
29
29
Corp
Corp
—
—
10
10
-25
"70
Feb
83% Apr
3
Jun
Feb
July
Feb
Jan
,
<
Fair Stores Inc—.—..Notpar
-38%
Jan
12
109% Jan
25 \. 70% May
23 •'> 28% July
26
46% Jun
2
115
Jan
42
Feb 26
57
Apr
16% Jan
3
20% Jun
>" 25
July 25 v< 29
Jun
11% Jan
2
21 y* Feb
16% May 6
23% May
72% Feb 26
100
Apr
36% July 23
49% Jan
* 26
July 5
28
Feb
26
July 23
35% Jan
106%
54%
22
34%
110%
(The) Carpet Co
.No par
(The) com—-No par
14 preferred
No par
45
56% Jun 20'
X66
Fllntkote Co
*111%
>
Firth
37%
-
25
100
preferred
36%
26
Dec
192%
25
-
58%
57%
*110%
;
175%
231%
*203
60%
35%
35%
111%
.10%
*110
237%
207
*59%
60
X24%
Deo
114
100
5
-
Oct
Jun
34% Dec
Oct
2
181% Feb 26
20
58
231%
24
30
33%
113
30%
59%
pfd_
115
Aug 21
No par
1st
STAriTfl
LOW AND HIGH BALE FRICEB
Tuesday
Wednesday
Aug. 20
Aug. 21
107
1
Cigar Corp
167% Deo
July 23
No par
(E I) ft Co
14.50 preferred—
nuowwrw
DWG
thare
International
23
100
preferred
Du P de Nemours
128%
116%
I per
50o
Duplan Corp
17
9 per
9 per thare
25
128%
116%
Monday
Aug. 19
Aug. 17
conv
49
209% 210%
-? 128
al7
Saturday
3%%
110
29% Oct
113% Mar 12
No par
Industries
25
48
209%
*116
*106%
04 preferred series A
*47
25%
*24
208 »/8
24%
107
107
' 108
*47
25%
25%
26%
Mar 19
143% Feb 26
190
*114
25%
3
19% Aug
7
80% July 24
,
.
7;
50
6
53%
17 ,
105%
29 Y
42%
1
5 /> 23 V*
18 ;
107
18
41
.
7
20
16 "j
9
Jan
Mar
Apr
Jan
Jan
July
Jan
16% Deo
,
—
>
-—
6% Mar
—
16 ?;"•? 59%
17 -f
25
9
25
28 /
14 .
—»
Aug
Jan
Jan
Apr
Highest
9 per thare
*•■■■■
'
'
""
'
~
• ■-
-
■■ ■■
-
f-
r
,
■ . ..
•
...
-
& ''
y.
r*>j .'** '■*<-#yMA>\
)
•'
,
«ik
SSfPst';
*
A"*
,/
**1:
.
*
■
/
:
!•"
■
■
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4519
Volume 164
;.
■
......_
1093
; STOCK RECORD
Monday
Saturday
Aug. 17.
„
9 per
9per share
STOCK
55 VS»
*19%
EXCHANGE
.20
41 y«
41
,
CLOSED
54%
*19%
*107 %
19%
42%
108-
19%
42 y*
107%
107%
108
19,
)
1,400
19%
41%
40%
41
Par
i
Shares
200
3,100
*19
19
38%
107%
107%
107%
13%
14%
9%
9%
Fruehauf
4%
47
■"—
34% Jan
:——100
preferred
48
112
July
8 per
share
84
Jan
51% Nov
3ft
Dec
36
;
Jun 18
4
105% May 15
Trailer Co common..—-1.
cum
I per share
per
dpi share
Jun
3
61
27% May 13
Feb 26
Aug 22,
19
^Lowest/y
'%%$$$* ■ Highest
9 per share
Preeport Sulphur Co
.
10
Froedert Grain & Malting Co Inc-1
140
107%,
*14%
9%
Lowest,
Lowe..
Is
54
54
JaanfsrFreviou
Year 1945
Highest
yl
Range Since January 1
Rani
EXCHANGE
.
I per share
54%
54
"""'riff-
BTfirrrB
STOCKS
COCK
I NEW YORK STOCK
the Week
Aug. 23
Aug. 23
56
42 y»
20
41
108
9 per share
*54%
55%
Sideafoi
Thursday
<per share
• per share
share
55
Wednesday
Aug. 21
Tuesday
Aug. 20
Aug. 19
.'■-"'A'
HIGH SALE PRICES
LOW AND
Dec
1
G
14%
15%
10
10 Vb
20%
10%
.9%
17.
10%.
*20%
20%
♦20%
>
*21
21%
21
21%
23
*22%
14%
23
23
23
15%
15
15%
59%
60
14%
14%
58%
59
19%
♦115
20
19%
120
197/e
20
♦106%
60%
12%
60
12%
197/a
19%
*106% 110
*110
1,600
21
21%
22%
22%
22%
60
12%
12%
*193,:
195%
21 %
•21%
21%
21
12%
12%
12%
18%
♦108
19%
*106% 116
60
60
12%
12%
195
*193
,
58%
19%
900
19%
12%
12%
;
1,100
12%
Transportation——8
——5
preferred
.—...No pof
General Bronze Corp
—
9
$8
20%
1,300
12%
13,500
Jan
19% Aug
29% Nov
28%
Deo
14%
Deo
Deo
58
12%
Apr
Jan
49
71% Apr 22
143/4 Apr
200
28% Apr
1
8%
6
Apr 29
Jan
160% Jan
17% Jan
'
17
Deo
Deo
Dec
15
Jan
104%
80%
24%
109%
61%
14%
185%
27%
Jan
1
Jan
58
51% Nov
14
21% July
108
Jan
7%
1413/4 May 28
8
26
July 12
58
July 26
12% Feb 26
182
Jan 28
General Baking—
14% Apr
16 3/4 Mar
Jan
67% May 29
24
May 28
107
Gen Amer
4,100
I
195
; 20
78
15
29% Jan 29
16
fll^May 29.
17 y8 Feb
1
Investors—
Amer
19% Not
26
Juxy 24
17% July 23
$4.50 preferred——100
59%
12%
<-*193
395
20%
20%
.
Gen
4,500
110
59%
59
59
,*193
2,400
19%
19%
♦106%
19
1
Dec
10%
2
Apr
'
4%
223/4 Jun H5
22% Aug 22
12% Jan
5
54% Jan
3
No per
Co
12V* Deo
12% Deo
Jan
21
16% Aug 22
Ao par
(The)—
.
Jan
11% Jan 29
2
Jan
,.n
Jan
15% May 28
8% Feb 26
19
4%% conv preferred
50
Gaylord Container Corp
1.66%
5%% conv preferred....—..—50
117
*108
19%
*106% 110
*20% > 21%
.V
58%
117
19
.
Co
...
*
3
10% Jan
3
Gar Wood Industries Inc
19,300
19
—;
Mfg Corp
uameweli
58%
*57%
120
6%
Gaivin
Gardner-Denver
14%
inu. -Tan
(Robert)
preferred————__——20
400
14%
1
„
(The) oArwmnii
common
400
;
14%
14
ITh»V
Gair Co Ino
200
16%
22%
19%
110
59%
195%
*193
20%
16%
20%
*20%
:
60%
19%
•59
19%
120
19%
20%
16%
'
22
*114
20%
v
rioHtHot
Gabriel <"V»
Co
6,800
8,100
10
16%
♦22%
,
14%
•20%
17
*21;
.
,
20%
17
17
"
15%
15
15%
10
17%
15%
20%
16%
;p
:
.
Deo
Deo
Dec j:f
Deo
Deo
'
12%
89%
88%
89 %
46
46
*45%
89'A
46
*36
37
*37
37%
12%
89
12%
89
12
*178%
183
45%
45%
45%
46
52%
53
51%
51%
*53%
54%
136%
*134
136%
*134
129%
128%
21%
21%
128%
21%
33 %
129%
33%
64%
66%
33%
66
X21
33%
5
5%
♦5
46
*35%
*178%
36%
183
36%
36%
*178%
45
45%
451/8
45%
19,500
51V4
51%
51%
3,600
51%
53%
51%
51%
52
1,700
•146
149
121%
65%
128%
1281%
Jan
2
182
Apr
8
Feb
26
52
Feb
8
49
Jun 20
56% Feb
6
42
Jun
17
543/4 Aug
8
100
130
Feb
4
135% Jan
100
115% Mar 29
63% Aug 22
127% May 2
5% preferred ....
3%% conv preferred..—
700
General Motors Corp
$5
21%
21
-21%
2,100
Gen
31%
4%
32%
31%
31%
2.300
4%
4%
'
20%
19%
20%
19%
201/4
39
39
37
37%
37
37
149
149
*147
150
*147
7
30 yB
Public Utilities Corp
Railway Signal—.
6% preferred
39%!
10
7,900
7%
Gen Realty & Utilities
General Refractories
30%
31%
30%
31
*30%
30%
1,100
39
39 %
36
36
37%
37%
900
124
124
124%
31
30%
39%
6%
31
*39%
39%
k
123%
123
122%
123%
124%
124'%
41%
41%
42
43
43
43
41 %
41%
40%
411/4
2.300
37
37
37
37
37
37.
35
35
35
35
123 %
*108%
*108%
*108% 111
111
50%
111
51
50%
X50%
*108%
48
49i/4
Telephone
4%%
,50
*108%
109
*107%
108%
*107% 108%
*107%
108 %
*107%
108%
4%%
*102%
104
*102%
104
*102%
*102%
104
*102%
104
36%
37
107
*106
58%
59
105%
50
51%
52%
57%
*57
57%
♦56%
35%
36%
35%
60%
*103
104
51%
57%
*56%
107%
59
59%
59%
51%
51%
37%
*106
108
104
105%
*103
36%
36%
36
*105%
106
106
59
56%
,36
5,400
106
106
200
57%
%
6,700
58
1051/2
*103
Gimbel
*103
105%
49
491%
57%
$4.50
100
501/4
4,000
48%
57%
*56%
*57
4% %
X39%
77%
67
69%
9%
203/8
33
*47%
*7%
7
100
69
69%
1C7 %
9%
9%
7%
7%
7%
46
19
19%
22% Jan
4
Apr 22
363/4 Jan
3
54
33%
59 *
4
Mar
32%
*1083/4
1093/4
137/a
2,100
56%
57
3,100
19
18 Vs
19
19
58
58
58%
57%
583/4
56%
58
30%
*30 Va
30
*81%
82%
81
,45%
*107
46%
43
82%
46%
46%
45%
46%
*107
42%
10
10
•95%
/
108
\
42% '
42%
108
*93/4
973/4
10%
*9%
10 Va
♦95 Va
-
973/4
96
96
.
81
45%
*107
43%
97/a
9%
9%
Orumman Aircraft Corp
20%
20%
20%
203/4
20%
19
19%
19%
19%
58%
57%
58%
58
58
57
57%
57
57
76
76%
77
77
77%
76%
76%
76%
76%
Gulf Mobile & Ohio RR_
1,400
$5
800
Monday
Aug. 19
$ per share
$ per share
Wednesday
Tuesday
Aug. 21
Aug. 20
9 per share
f per share
No
Corp
Thursday
Aug. 22
Sales for
Friday
Aug. 23
9 per share
NOV
H9
Deo
30
5 5/a
Jan
12% Jan 19
54% May 10
27% Feb
8
4%
Jan
18%
Jan
14 Vs
Jan
16
Jan
107 V4 Aug
9
28%
17
Feb
5
79
547/8 May 28
111
Apr
5
52% Apr
»9% Jun 28
,
Jan
75
Oct
86
Dec
Jan
Jan
78
14% Mar
787/aJan 28
May 31
v
49% Jan
Lowest
Lowest
Highest
< per share
Par
Deo
108% Mar
55% Deo
12% Deo
Deo
30% Jun
100
82
Jun
61% Deo
Range for Previous
Year 1945
Range Since January 1
Shares
Jan
58
1
9 per share
EXCHANGE
Oct
'
52
July 24
57% Feb 26
31
21% Deo
653/4 NOV
39% NOV
175
May
x35
82
25
333/4 Dec
21% Dec
33% Deo
109 Va NOV
Jan
28 Ve
30% Jan 28
'2% Aug
73/4 Nov
Jan
Jan
5% Mar
17% July 23
63% Oct
52%
25
>
105 y4 Mar
22 3/4
104 y4
4
13% Jan
108
Jan
64
May 20 r, /
41% Aug ,22
91% Feb 26
Jan
Aug
1613% Mar
188% Apr
105
Sep
14%
46
34% Jan 28
May 22
25% Sep
105'
14
Feb 25
/
;t
40% Jun
3
Feb 18
Jun
STOCK
NEW YORK
the Week
9 per share
415
12% Mar
64
par
—
STOCKS
LOW AND HIGH SALE PRICES
Saturday
Aug. 17
107% May
18
26
JJo pat
preferred
Gulf Oil
5,700
10
3
Feb
43
63
1
Oct
Apr
113% Jan
77
4
30% Feb 26
741/2
July
Feb
14
Feb
Apr
Jutf
Mar
21
Jan
7% Oct
165Va Jaa
40
Nov
25 Va
53
172
Sugar common
1
preferred
No par
$5 conv
180
*56%
preferred J.—
3% Jan
147% July
8
3
Guantanamo
1,200
96
20
76
4%%
'
93/4
*93
95%
95
4,600
ft.
433/4
May
Jan
28% July 23
No par
100
—
Oct
57
48
77
Greyhound Corp (The)
3^
May 10
Jan
102
100
8,400
(.•'
lOfik
Jan
6
100
Preferred
Green Bay & West RR
(H L) Co Inc
Sep
54 3^ Feb
Ore
Green
800
;.,108
423/4
17
preferred
26%Deo
105% Dee
'
52%
112
Jun 24
106
70
45 ViozM
108
41%
2,800
81
■£,
100
Prop—No par
Great Northern Ry 6% pfd—No par
Great Western Sugar
No par
3%%
Great Nor Iron
71
*67
81
;
*107
43%
43
293/4
174
70
*66
3,100
33
29%
*171%
70
82%
108
30%
1743/4
175
*66
823/4
413/4
293/4
*172%
174
70
*66
82
*107
30%
178
176%
70
18"% July 23
293/4 Feb 26
■
3
107
5
Mar
90
.
473/4 May 14
3
58% Jan
No par
740
18%
19
Deo
25%
88% Apr
4
No par
5
Granite City Steel
Grant (W T) Co
Mar
46
1U% Dec
96
151% Jan
Feb 26
68
102% Jan
13% Mar
/
8% Jan 29
Mar 25
6
30% Aug 22
9% Aug 22
6% Jan
4
30% Mar 5
Grand Union Co
400
32 3/4
32
19
30%
1,200
2,000
20%
1083/4 108 3%
19%
1793/4
73/4
193/4
38% Deo
111
4
56% Jun
133% July, 1
35% Jan 3
Hosiery—
Jun
107
May 17
'73% May 10 ",
106
Apr 13
1053/4 Jun 24
convertible
9
108
,
103
No par
No par
105% NOV
26".
Jan
July 10
42% Apr 18
Jan
2
39% Feb 26
1
com
443/4 Nov
253/fe Mar
27% Aug
4
Jan
133 V4 Deo
103
No par
Graham-Paige Motors—_—
1
Granby Consol M S & P
9
21,400
46
*45
P)
Mar
118
preferred—No par
$5
Gotham
1,500
9%
93/8
(B
Deo
99
Jun 26
103
Goodyear Tire & Rubb—;—No par
1,300
34
Co
31
99% July 23
107
10
$5 preferred
13,900
107
*32
109%
29%
Goodrich
500
32%
69
19%
573/4.
*66
1.100
6,500
1033/4
107 %
66 3/4
*107
109%
*178
39%
80%
Dec
Jan
14
100
Goodall-Sanford Inc
82
*39%
1033/4
45%
109 %
Goebel Brewing Co
Gold & Stock Telegraph Cc_
2,100
148
'
104
203/s
109%
109%
39V4
80%,
38
473/s
33
33%
109%
8
20
21
33
33%
9%
*463/4
47%
20 Va
.
30%
34
9%
73/4
73/4
47
20%
9%
8
¥
783/4
70%
333/4
7
*143
7
148
104
107%
107
33%
93/4
93/4
47
107%
33
32%
81
105
693/4
70%
107 Va
69%
32%
7%
793/4
105
106
106
107
107
40%
80
783/4
78%
106
393/4
393/4
x7
145
150
*147
148
40
40%
*105
7%
7%
7%
148
148
8% Deo
34
19
601
'
7
7%
7
*143
140
Feb
Jan
10
Jun
preferred——.——50
conv
4«V» Dec
July 10
49% May 21
37% Feb 26
No par
:
Jan
123
-
17
——No par
preferred
Glidden Co (The)
Jun
46% Apr
111
Feb
5
Dec
28%
132
No par
No rar
;
Brothers
Dec
7%
Jan
34 y2 July 29
108
Jan 22
100
100
preferred
36%
Jan
3%
47
8
23
Jan
21
14
—.—100
Jan
l7/a
8
112% Mar 23
36% Mar 6
20
preferred
Gillette Safety Razor
$5 conv preferred—
10
10
Jan
Dec
Mar
Deo
22%
12
Apr
11% Feb
36% Jun
29
No par
3%%
104
150
6% Aug 22
26 y» Mar 13
1
Corp
preferred
130
29
2
14?% Feb 27
.No par
General Tire & Rubber Co
2,000
May
,23% May 21
48
May 31
Gen Time Instrument Corp—No par
111
50%
111
*108%
51
51
General
900
Jan
125
18% Mar 4
36
July 25
Mar
Deo
77%
62
Apr 26
40% Jan 14
7% Jan 15
20
Sep
123
114% Oct
5
4% Aug 23
General Shoe Corp
Gen Steel Cast $6 preferred
180
Feb
132
Oct 1
May 1
Nov
52% Aug
134 J Mar
0
Aug
127
5
No par
100
lOo
Gen
150
7
7%
7
7%
7%
.
8
14 "
80% Jan 30
28 % July 16
Public Service
Gen
600
20%
40
1,500
28,100
37% Jan
40
Feb
43% Aug
No par
Gen Precision Equip Corp
4%
Gen
Jan
123
—
38
172
49%
56
Oct
153
10c
21
33%
5
par
Outdoor Adv common—No' par
22
149
*146
7%
No
preferred
22
*
7%
10
lp
—
—
—
27% Mar
45
33
5
..
—
40% Apr
Mar 13
Mar
6
9
5
Aug 13
171
General
32,800
128 %
128
48
5
31
500
64%
63%
-No
16% Apr
90% Aug
45 % Aug
-
par
10
134
*120%
64%
120
120
July 23
87% Aug 23
100
50
1% preferred
—
100
General Electric Co.——i.—No par
Foods Corp
-...No par
General Mills common.—.No par
20
20%
*38%
39
'
134
136%
*134
f
65%.
preferred
2nd preferred.
General Cigar Inc;
200
183
10
No pa*
conv
88 Vs
46
*128% 128%
5
20%
20%
20
*37
120
120
65%
65%
1st
4%
87%
45%
45%
120
120
120
120
4%
88%
54% -:54%
*134
136%
54%
*53%
General Cable Corp——
460
1,700
88%
45%
46%
36%
36%
178% 178%
45% I 46%
51%
52
•179% 183
12 y8
12%
I per share
Highest
9 per share
H
♦37%
STOCK
21
EXCHANGE
38
38
21
22%
38
21
22
21
21%
22 %
*20%
22%
38
38
22
22
38%
331/4
20
20%
X21
•37
21
20%
:
21%
213/4
900
113
114
114
114%
114%
*112
113%
*112
1133/4
80
*106%
107%
107%
107%
*107
108%
*107
108
*107
103
Hn.miif.nn
10
27%
28
•167%
48
28%
170
>
11%
48
,
11%
*103%
104%
15
*102%
15%
10%'
181
*102%
10 %
180
181
*39%
12%
104%
15%
14%
9%
0%
177% 179
14%
9%
48
*11%
104%
14%
10%
182%
170
48
48%
12
*11%
29
:
170
170
*167%
48
28%
28%,
39%
107%
211/6
27%
27
27
*165
167% 167%
27%
4%
'
170
47%
48%
49
*11%
12
400
104%
14%
*102%
14%
*102%
*141/8
104
Mar 14
111
105% Jan 16
Mar 15
23
155
14%
2,500
9%
12,400
320
Hazel-Atlas
40
300
Hecht Co.
*107%' 108
60
1
9
177%
177
No
Refrac—
40%
107%
*82%
82%
v
*188
107%
v
*27%
82%
'
Feb 26
96%
*94
VOW
:
:
143
*29%
30
*39
40
34%
34
•32
32
36
28%
*32
28%
41%
41%
42
20%
54%
20%.
33%
33%
109%
Jl.r
'
r
A
*108
109%
142%
94
142 i/a
143%
Hercules
Power
96%
29%
700
Hewitt-Robins Inc;
100
Hlnde & Dauch Paper Co—.
700
Hires Co (0 E) The
*30%
32%
42%
21%
30
♦30%
29
33
32
30
41%
5,200
*20 y4
20%
2,400
*55
563/4
400
41%
193/4
203/s
55%
55%
33%
'323/4
33 y8
;
323/4
33
109
*108
90
90
90
91
23%
21%
23%
42%
42%
223/4
43 '0.
1,900
91
23%
223A
42%
43
43%
44
413/4
*42%
43
43
43
41
7%
7%
17%
17 %
26%
18
41%
40%
8%
page
41%
253/4
v
8%
41
8%
8%
18
7%
18
■
3%%
700
Houston
4,700
44 Ye
40%
Houston
8%
Howe Sound
1,500
;.
3^900
Hudson
;
*
41%
40
40%
25
25%
23
251/8
18%
/
19%
40%
40%
24%
25
1,500
.
v
*
3,2001'
II.500
Hud
&
403/a
39%
397/a
39%
39%
1,500
Hunt
8%
,8%
8%
8%
8%
9,500
Hunt)
Foods
Ifi
5
Jan
51.
May 23
1093/4 Mar 26'
Jan
2
Aug
38% Jan
7
9
90
192
9
16
Aug 7
193/4 July 23
106% May
1
Mar
7
3
83
19% Jan
17
3
Mayi3
146% Jan 21
39 % May 13
X43
May 31
41% Apr
6
Apr
106
Jftn
*1
28% Feb
6
62% Apr 22
26
35% Jun
111% Jun 20
95
Apr 24
30
Apr
9
47
6OV4 Feb
5
July 15 ;
16
July 19
33% Jan
4
23
Aug 22 v
12% Jan
?5
25
17
7
—
36% July 23
6.66%
8
Corp
Jun
43%
Nov
Jan
103% Aug
105
Dec
27%
Dec
18% Jan
121
Dec
110%
Jan
29% Dec
Apr
155
152
Oct
x30
Apr
43% Deo
7% Jan
98:
Oct
93/8 Jan
104% Dec
16% Dec
14
Nov
Mar
14
Dec
Mar
134%
Nov
35
1033/4
Dec
Dec
92 %
Nov
'
6'
108
May
6
20%
Jan
100% Oct
71% Apr
Jan
223/4 Jan
170
Feb
Feb
Feb
21% Aug
130'
72 *
123
Aug
393/4 Deo
189
90
July
Nov
138
Deo
32
Deo
138
25
Jan
333/4 Nov
23%
Jan
32%
17
Jan
17% Jan
42v Jan
16% Jan
55% Oct
26% Nov
35
60%
63
109% July
34% Jan
87 Va
5~4
Dec
Jan
2*
8%
Dec
Jun
Jan
36%
341/2 Mar 25
14 V*
Jan
34
3%
Jan
"a%
10
NOV
23% Dec
26% Aug
»
3
10% Jun 24
Nov
29% Dec
Sep
663/fe Jan
12% Jan
'
45% May 17
49V2 Juri
Nov
Jun
25% Dec
23%
Jan
Dec
Aug
25
102
juiv lq
413/4 Aug 16
:——No *>«»'
39
Jan
15%
37%Jun
40'/a Aug 23
100
Jan
20%
72Vi Apr
139
46
Aug 22
53% Aug 19
27Va Jan
3
<
_L
v;sc-
July 11
8
Inc
Car
15% Jan 28
40
non-cum
Motor
20% Apr 2%
186
1
CO
Manhattan.
Hudson Motor Car
8%
Mar
24% Mar
preferred"—100
Bay Mln & 8m Ltd
No par
5%
40%
1099
preferred
100
Light & Power Co ...No par
Oil of Texas v t c
25
Aug
60% May
27 % Apr
8
com——No par
170
4
40
May 22
34% May 10
30
new.—...0
Howard Stores Corp
1,700
41
1
8/:
18
40%
•
■
8
5
10
No par
12.50
Houdaille-Hershey com —..No par
$2.25 preferred
50
Household Finance
343/4 May
13
28
21
29
16
24
33
' .>
2
125% Feb 26
32% Feb 26
29% Feb 26
135
par
Holly Sugar Corp
Homestake Mining
109
90
41% <
«:
(A)
I,000
403/8
(Del)
34
30
40%
*108
Holland Furnace
1.100
*31
82
——1
Hollander & Sons
32%
33%
291/a
56
102%
.
—
;
Mar 13
130
No
39
31%
293/4
preferred
143%
29
conv
•"••'
57% July 31
Jan 28
100
220
*38
31%
$4
par
No par
preferred
Hershey Chocolate
100
-
No
—No par
5%
10
32
2
Jan
103.% Jan
4
82
Apr 26
184
Jan 15
27% Aug 22
-.100
Motors
Hercules
23%
41
94
600
91
26
/
■
23
preferred
2
8% Aug 22
———....100
W)
600
136
39
33%
£i3£J'fc
'
(G
non-cum
27%
60
23%
41
8%
7%
109% Apr
Apr 23
,13% Apr
-.15
—
Apr 11
106 Va Jan
121
preferred
119
16% Jan
99
Glass
60%
27%.
*134%
*92%
29
35
20%
*54%
33%
60
91
25%
see
*108
18
-Vf-r-41: v!
Helme
20
27%
60
8%
18
3%%
300
28%
32%
42
27%
134% 134%
41%
43%
41%
•?.£ 43
*7%
s
83
189
23%
23%
,
*82
*185
90
X89%
For footnote
*
56
33%
>
'•
189
*185
39
*34
29%
21
56
33%
*108
83
*82
*39
29%
*31
29%
53%
im
391/8
39%
♦107% 108
40
*31
:
35
20 %
OtC
29%
343/4
■
29%
96%
I43ya
*39
32
41%
"
62
136
142 Va
30
34%
tea
o
*94
39%
31%
31%
A-'
t
96%
142%
143%
28
*60%
*134%
62
136
*29 %
*
82%
189
*27%
28%
*60%
•134
*39
WQ
82%
189
189
28%
61
*i42ya
40
107%
40% May 13
•24
Aug
1
26% Jan
8
11% Aug 22
'
136
*94
823/4
189
29
61
107%
1
193
•134
40
•
17
Jan
37
•;
40%
■107%
1
Aug 22
20% July 23
par
par
178%
*
9%
8%
177
Ao
6% preferred.
100
Hart, Schaffner & Marx
10
Hat Corp of Amer class A
1
4%% preferred (modified).—100
Hayes Industries Inc
-.-1
Hayes Mfg Corp
9
1,100
11%
35% Feb
20
5
new
preferred
conv.
Harbison-Walk
20
47
Co
Watcn Gu
—..—100
Hanna (MA) Co $4.25 pfd—No par
1,400
11%
SB
Water
Hall Printing
1,500
.113
frrrvKEn
w«nkansacr
400
38%
Dec
May
Deo
FINANCIAL CHRONICLE
THE COMMERCIAL &
1094
.1
Monday, August 26, 194
''
•
:'
j
:
.if
.
NEW YORK STOCK RECORD
STOCKS
LOW AND HIGH SALE PRICES
Aug, 17
'v'
I per share
(,
38
38%
STOCK
36
38
36%
*64
EXCHANGE
;
38
;,38
38
35%
37% '•
'37%
34%
66
*64Va
66
35%
^
64
-
64
Illinois
6%
300
•
99%
99
*97
99%
*97
30
29
29%
*28%
29%
28%
10%
9%
10 Ve
9%
97/a
9%
28%
9%
*28
10
*9%
10
3,800
Illinois
31
31%
31%
31%
31%
31%
30%
30%
*30%
31
1,700
*131
*181
186
42%
43
19%
19%
•
15%
15%
*15%
15%
50%
50%
140
*135
.„/•
186
186
42%
43
19%
19%
.
•
190
.
„
'
42%
49 Ve
19%
18
19
49%
49%
*49%
50%
*48
50
105%
105%
*105%
106%
*106
107
8%
15%
8%
8%
8%
15%
15%
15%
8%
*246% 248
246% 246%
.66%
127/a
38
100
100
7
6%
7%
35%
36%
36
36%
138%
138%
*138
139%
50
50%
48%
50
124%
126
124%
;
127 y4
35 Ye
35%
138%
138%
49%
122
125%
126%
1^3 V4
izb
119%
121
112%
112%
112%
110%
lfW/,
inp.%
20
20%
*19%
20%
19%
19%
*119
119%
119%
119%
117 %
118%
64%
*64%
20
20
'
119%
65
64%
65
b'i
64 %
44%
447/8
43%
56
55
55"
52
54%
*42%
50
*42%
50
447/a
22%
22%
22%
23
37%
44%
37%
50
*42%
23%
21'/a
22%
217/s
33,600
24
21%
22%
21%
21%
6,400
36%
37%
35
35%
36
36%
1,700
*28%
30
*28%
*47%
49
48%
*160
16%
48%
17 Va
16%
17%
1077A
*107 y4
1077/a
53
*51%
113%
.134%
137%
*121%
126
rll9%
121%
*112
*50 Va
138
*122%
Ui5 74
66
1*%
4,100
i>4
%
112
135
138%
127%
*123
127%
400
h3
03
113%
136%
3,000
64
65
*62
60
60
60%
*112
113%
*112%
114
*112%
114
*113
114
114
114
*156
160
*156
160
*156
160
*155
16G
*155
Johnson
400
60%
160
48%
*105%
28
49%
4P
28
,
30%
106
106%
,/ *28%
497/8
106
48%
28%
27 Va
>
30%
*30
31%
123%
*
477/a
105 Va
106 Va
28%
31
*121
45 Va
106
108
123%
*121
50 Va
*121
31
31%
31%
*59
62%
46%
59%
59%
*59%
*29%
45%
45%
*45%
46%
20%
20%
20%
21
21
21 Va
*28%
30
29
29
32%
31%
29%
33%
*29
31%
31
3.200
59%
62%
46 %
100
20%
21
*28%
29
30
28%
28%
*21
21%
21%
21%
21%
21%
21
21
207/e
207/a
55%
56%
54%
55%
52%
54%
54
54%
*
108
*95%
32
109
X39%
40
40
53
54
54
56%
57
t
56
108 332
'
3,200
54
54
53%
53%
54%
54%
900
56%
53%
54%
55
600
Kroger Co
56
LOW AND
Saturday
Aug. 17
Monday
*95 %
97%
130
38%
38%
108
*
22
108 .&
1,500
109
*54
50
Thursday
Aug. 21
I per share
Dec
Dec
3
19%
30%
Oct
36
Jan
Aug
46
Deo
145
Jan
152
Oct
34% July
Mar
6
50
Jan
3
163
Aug
Jthi 28
24% Jan
17
15
July 16
59% May 29
114% July 31
34% Jan
109% Aug
24
167% Apr
101
24
24
153
46 % Jan
3
5
9
Apr
9
127% July 22
108
24% Mar 14
34
24% Mar 13
Aug. 22
Sper share
f per share
109
Sep
116
Nov
Dec
90
Jan
140
Dec
Jan
79
Mar
19% Jan
r
105
May 22
Apr 22
27%
36
May 31
3
122% Jan
20
Jan
117
Jan
40% Jun
11
13
Jan
Jun
10
34
Apr
15
67.
Feb
27
507/a May
1
19 %
July 29
26 % Feb
May
46% Nov
Dec
30 y* May
31% Dec
Mar
31 y* Dec
124
Jan
67
Dec
18% Jan
38
Dec
22% Jan
35% Dec
4
28
6
20% July 23
48
3
Jan
327/a Jan
3
Aug 22
26
30
15% Feb
34% Jan 29
9
18 y*
60% Apr 30
35%
Jan
Jan
51
Dec
Dec
55
22% Mar
35
Nov
Jan
30
May 27
30% Aug 23
Jun
29
867/a Feb
26
100
347/8 Feb
26
46
107
July
33% Jan
2
7
3
Aug
5
Jun
3
110% Jan
45% May
8
3
8%
Jan
72'/a May
28
Aug
107
Aug
26
Mar
Jan
3
62 % May 17
35% July
44% Jan
3
65% May 22
37
44
Jan
Range tor
Year
Lowest
Lowest
Highest
9 per share
Par
Dec
61
Range Since January 1
Shares
Nov
145
137%
Jan
54
9 per share
EXCHANGE
the Week
t per share
Jan
118'A Aug
Nov
114% May
47
31
35
NEW YORK STOCK
Sales for
Friday
Aug. 23
Dec
22%
May 31
63
8
100% Jan
.
19% Nov
Dec
108
STOCKS
Wednesday
Dec
41%
108% Apr
July
121% July
118% July
53
Mar
No par
(The)
HIGH SALE PRICES
Aug. 20
• per share
39
*55%
Tuesday
if Aug. 19
$ per share
-
^95%
95
500
45%
33 Ye
134
1
54
38%
108 332
800
Feb
39
33
15% July 23
Kennecott Copper
1,000
22
Dec
Dec
Jan
106% July 31
5
1
397/a
,i*39
95%
50
30%
30%
*21%
57
Jan
148
—100
10
39%
95%
*47%
22%
Dec
116
79
Jan
28% Feb 26
40%
97%
30
24
Mar
41 Ye July
18%
137% May 21
39 %
39
47%
Dec
17%
10
*37%
108 A
96%
47%
30
*21%
Dec
123
18 7/s
No par
No par
40 J/4
96%
39
49
22
49
*21%
48%
40
—1
B
Dec
Dec
39%
141
4
2
Class
Nov
Dec
11%
2
Apr
15
preferred
Dec
99
31% Feb
July 23
25
Dept Stores
34%
50
20
Feb
non-cum
Dec
13% Nov
34% July 23
23% Mar 13
53% Feb
108 :32
22
60% Aug
1
42% Aug 13
31% Feb
2
150
40%
48
22
1
115% Feb
B
Dec
193
9% Mar
9
Mar 13
108 333
48
20%
July
70% July 19
49% Jan 30
Mar 20
40 Va
46%
197/8
125
May 28
No par
Keystone Steel & Wire Co—No par
Kimberley-Clark Corp new_No par
Kinney (G R) Co
1
$5 prior preferred
No par
Koppers Co Inc
10
4%% preferred
100
Kresge (S S) Co
10
Kress (S H) & Co
N<> par
45
39
200
84% Jan
40
(Julius) & Co
Kelsey Hayes Wh'l conv cl A
11,600
^7
48% July 24
Jan
100%
Aug 14
Aug 14
23% May.
38% July 30
19% July 23
12%
Kayser
800
55%
54%
19% Aug 23
106% Jan 21
Jan
Feb
129
19%
140
Kaufman
1,400
*28%
113
July 24
6
109
4%
500
*45 %
20 %!
20%
*59%
h
103
Feb
Jan
28%
128
100
Kan City P & L pf ser
Kansas City Southern
10
46
59%
*44
5
par
Kalamazoo Stove St Furn
300
30
123%
42% Feb
115% July 26
,100
Joy Mfg Co—..
3,000
45
110% Mar 13
100
Chicago RR stamped__100
No par
pref series A
.—100'
5%
500
2% Jan
53% Apr 16
132% Apr 16
Jones & Laughiln Steel
20,600
;
26%
*121%
30%
122%
.
74% Mar
178% Jan
2nd preferred ser A
Joliet
48%
106
26
31
122%
61
.*45%
27
26
123%
31
46%
106
11
&
4%
20
13
Apr
*
148
com—No par
Johnson
&
Jun
202
6
pfd—100
preferred
Preferred called
8% Mar
19% Dec
10 y* Dec
57
Nov
109% Oct
12»/a Dec
.147/8 Dec
6
1
No par
——.1
too
6% Mar
2
75% Jan
5 Ve Jan
—1
Corp
16
Jun
5
No par
No par
No par
inc
May 23
9
3
preferred—
Jan
37% Jan
104% Jan
11% Feb
Aug
39% Mar
1
Manville
Mar
8%
>
100% Aug
43% Jan
3 Va %
400
*61
'lea Oo
4% %
Johns
127%
*123
—1
63
uewtsi
10
137%
*112
112
j 11%
17
25
Jersey Cent Pw & Lt 4%
174
3
34% Aug 22
Deo
Jun
140
Jun
25
(F L) Co
Jacobs
50
3
Jan
Feb
15% Apr 22
2
preferred
6
102
5.
Mar 13
55% Jan
new
Island Creek Coal
165
11%
141%
*123
200
*107% 107%
7«%
113%
138%
127%
*160
*107% 108
52 Va
*112
113%
137%
tKi/,
30
48'A
48%
165
*160
16%
54
*112
*61
30
*107%
16%
108
53
*28%
*47%
165
*160
165
*28%
30
48'A
Silver
preferred
Intern'! Telep & Teieg
Foreign share ctfs
Interstate Dept StoresIntertype Corp
104%
May 28
250
30
133
34% Dec
166-
13% Feb
par
1%
23
50
108
International
Jun
20% Feb
No par
International Shoe
92
38
6% Aug 22
100
No
1,300
22 y2
30
i
Salt
1,300
50
21%
—
Jan
Jan
29% Apr
2
95% Jan 30
No par
No par
preferred
54%
53
23%
*28%
5%
International
44
44
*42 Va
50
37%
37
165
300
Inter Rys of Cent Am
130
65 %
23%
22%
*23%
*48%
*160
*42%
117%
*62%
44
*55
44%
800
19%
19%
—15
100
$4- preferred
900
10
Deo
3
112
86% Mar 15
No par
100
——i—.
Jan
Deo
84
3
Aug.21
59
9
190% Jan
100
1
Paper Co—
5% conv preferred
Preferred
called (5%)
5,900
109
117
64%
447/8
55
108
Preferred
195
—5
preferred
Aug
Jun
11% May
7% July 23
13% Jan
3
—25
International
1,900
123%
ri20%
54%
14,700
126
125
125
No par
100
Int Nickel of Canada.-
28,500
48%
i—
International Mining Corp
120
48%
35%
140
Machine—•—No par
Business
4%
105
44
Dec
19% Jan
22% Feb
2
21
45% Mar 14
par
40y8 Deo
72'A
44% Jun
July 24
17% Jan
—No par
Xnt Hydro-Elec Sys class A
International Min & Chem
200
1,400
47
i—No
Preferred
8,900
7
125
*119
International Harvester
500
6,000
101
112% 113
121%
3,600
67/8
6%
127%
91
194%
*99%
140
50%
49
Int'l
7
34%
140
Interlake Iron
12% .12%
37%
37%
37%
preferred—1—
Intercont'l Rubber
Jan
18%
May 20
54
;, 7% Jun
No par
—100
:
8,900
700
101
*99
7 Ve
367/a
,36
*138%
127
37
101
*6%
Interchemlcal Corp—
47%
99% Apr 16
137% Jan 9
'16% Jan 28
190
20
Insuransharee Ctfs Ino
4%%
39
19% Jan
14
.151% Jun. 17
,_1
Inspiration Cons Copper,
1,400
Jan
' 9 per share
22% Jan ;18
7
168% Mar 22
6%
1,000
■
14% Aug
par
Jan
*■
36
43 % May
2
129% Mar 22
.1
—
142
194;
12%
;
50
>15%
90%
91%
194
12%
38%
*99
6%
89%
Rayon
preferred————————1QQ
Inland. Steel Co hew't—JVq par
s
500
107
i 8%
242
245
1937/a
,13
38
100
36%
37
36%
100
93
12%
>127/8
12%
8
15 Ye
245
194%
*194
194%
194
194%
12%
92%
92
91%
92
194%
a.
8
14%
247
X247
sya
14%
*106
107
*106
8%
8ya
Industrial
,
26% Feb 25
3,700
!
48 Va
8
Indianapolis Power & Lt
No par
Industrie Electrics De Mex, S A-—-
4,000
18% «:i8%
48%
Jan
9% Aug 22
30
42%
.
92
28% Aug 22
lngersoll-Rand——-—l—No
*8% if 8%
8%
47% -•r.47%
15 Ye •15%
'
85
__5
Co
29%
45 % Jan »15
July 24
3,000
,
k' ■':
42
Mar 13
63.
100
RR
share
44% Apr 23
-
Highest
# per
32
1000
<
*187
41%
8%
138
share
100
4%
Terminal
Year 1945
-Lowest
Highest
g per
2,300.
1
15%
■49%
•134:
t per share
,,
ctfs series A
Stk
RR
290
28%
48
48%
139
427/8
8
...
15%
15%
.fi
:
*187
.
.48
*133
;
139%
42 y4
-
8
*77/8
V.:v
15%
51
/ *136
*179%
8
139
*97
15%
15%
50
50%
50%
98
r;
98
lines
Leased
10
;
37% Aug 23
Central RR Co-.-.
preferred series A
30
99
Lowest
Idaho Power Co
6,300
•
-
*97
CLOSED
Range for Previous
Range Since January 1
STOCK
Par
2,800
37%
35%
35%
YORK
EXCHANGE
Shares
37%
.33
S *64
63
NEW
the Week
t per share
t per share
$ per shaft
'
58%
•
37
*64%
66
Aug. 22
^
Sales for
Friday
Aug. 23
Thursday
Wednesday
Aug. 21
Tuesday
Aug. 20
$ per share
I per share
r.i.'Y/
;
Monday
Aug. 19
Saturday
I per share
31
Nov
Dec
Dec
112
Mar
35% Nov
X49Vt Nov
19
96%
40 Ye
50 Ye
Oct
Previous
1945
Highest
I per share
L
7%
7%
*52%
53%
,
STOCK
EXCHANGE
,
7%
52%
7%<
7%
7%
7%
7%
52%
52%
52%
51V4
51%
*47%
49
48
48
•77
85
*77
85
*77
83
•64
CLOSED
67
*64
66%
*64
66%
64%
13%
13%
*47
13%
v
13%
44%
44%
44%
11%
*n%
*11
3%
*36
13%
3%
3%
40
27%
*34
27%
10
10
57
27%
57
*28
48%
137/a
13%
44%
11%
37/e
46
44%
47%
11
43%
11%
3%
9'/a
37/8
3%
*36
27%
46
*36
28
28
27
47%
*47%
*76
13%
13%
44%
10%
27%
10
10%
9%
56
56%
53%
55
28%
27%
28
*27%
9%
9%
33%
33%
33%
33%
33%
33%
33
33
58%
60
60%
61
•
60%
61%
58%
60%'
12%
12%
12%
12%
12%
12%
12Va
12%
34%
34%
*337/8
34%
*33%
94%.
94%
94%
94%
*200
*93
■/;
201%
50%
3*^ 65
*48%
65
58%
*40
40%
*33%
*116%
95
33%
?92
*57%
,
40%
33%
:*201
*63
65
58%
40%
337/8
57%
40
116%
30%
31%
31%
32
31%
33%
33%
33%;
33%
81%
82
82%
30%
f 30
30%
30
25%
25
25%
25
194
194
194
194
59
12%
'
201
200%
48%
6j%
63%
'*55
57%
39
•
*48
39
95
200%
Series B——.
2.900
300
63%
500
400
39%
1.600
33%
35
1,700
119
«<■
Lily Tulip Cup Corp
No
Lima Locomotive Wks—
No
'.Link Belt Co—0
Lion Oil Refining Co
No
Liauid Carbonic Corp
No
100
2V»%
194
Locicneed Aircrait Corp_————i
Cement Corp
81%
81%
81%
1,100
Lone
29%
29%
30%
2,300
247/e
24%
25
Long Bell Lumber A
Lorillard (P> -Co—...
Star
28%
28%
65%
66
66%
64
65%
63%
37%
64%
2,800
Louisville & Nashville
37
37%
38
37
38
35%
36%
37
37
2,000
Lowenstein
*106%
103>
*107
108
*106%
m 22
108
106% 106%
22
;
22%
23
22%
28%
*106%
23
21%
-
——10
24% Aug 23
preferred————-100■
Louisville Gas & El A—
No par
65%
29
32% Aug 21
7%
29%
28%
28%
108
21%
22%
28%
22%
500
10
1,700
4%%
& Sons Inc
(M)
cum
Lukens Steel
pfd series A
44
5'% Jan
64
Apr
-—50
1
-100
Co——10
15
4
Dec
27% Nov
17%
Jan
74 % Jan
14
28
35% Dec
15% Apr
37% Jan
lb
21
May 23
44 % May
102
103% Jan
24
68
Nov
7% Jan
13 Y*
Dec
33
Dec
33%
Dec
78
Jan
100
Oct
78'
Jan
101%
181
Jan
198
Oct
Dec
32
Mar
51%
Jan
84%
Dec
13
41'/a
Jan
60
Dec
1
19%
Jan
36% Dec
29
Aug
45% Jan
14
47% Jan
29% Jan
40
Nov
19%
42%
Dec
7
41
Apt1 It
May 31
Jun 10
31% Jan
196
Dec
8
Feb
43% July
94
50
Jan
■.
43 »A Jan
120
35
Jan
54%
Jan
Jan
3
'28
Jun
5% Dec
60
Dec
36%
Feb 25
27
Dec
20 Ye
Jan
Feb
Jan
Dec
;
17%
14
33
25
186
6% Jan
2Va Mar
35%
63 Ya
May 13
65% Jun
64
.
Apr
38% May 16
15% Apr 15
65% Apr 11
No par
No par
No par
'
65%
Jan
28
210% Mar 29
•
65%
./■
par
Loews
24%
194
Jan
29 Vs
17% Jan
55% May 23
17% Jan 28
par
12,000
28%
72
12
17 Ye
66
17,900
81%
Jan
9
88
34%
—
Oct
47
Apr
82
4
32% Apr 20
Inc
54 ya
Dec
Dec
Dec
Oct
3
194% Jan
115% Apr 24
27% J'lly 12
*28%
*28%
Mar 13
86% Mar 15
62
Apr 22
102% Apr 22
39%
July 26
32%
70
86
48%
Sep
63
33
196
19
Dec
Jan
24%
56% Aug 22
27% Feb 26
32
*194%
Jun
30
7%
31 Ye
par
33%
194
3
4%
May 29
Jan
31%
4,900
Feb 26
July 24
11% Jan
9% Jan 24
68
47
32%
m
58
9
par
25%
194
30 %
par
,-->30%
*.
26% Jan
Preferred -..———-—-100
30%
v
....
July 24
49 % Feb
—5
-25
-.-.23*■>•*<&••
3
9% Aug 23
20
par
—1
Preferred
150
*115%
>
33%
118
26
7,900
52
56%
par
Libby McNeill & LJbby—
Liggett & Myers Tobacco.,
95
49% Jan
No par
Corp.—
3
9% Aug 22
'3% Aug 22
-50
Libbey Owens Ford '-Glatja—wNO /par'
400
-94%
13
par
3,300
94
38
82%
82%
30
25%
*
12%
94
*115%
34
*81
»v,
Lerner Stores
2.100
'
59
94%
11
%
32%
33%
•
33%
!
4
5
July 24
July 24
39% Jan
Lehman Corp (The)
,
—
1
Lena ft Fink Prod Corp—-—-——fl
300
Life Savers Corp new—
56%
347/8
116%
1,300
500
bJ'/2
■t
40%
*33%
118
2,700
33%
48%
57%
*116%
118
10
28
33%
201
52
66
900
56%
33
Coal———No
preferred
$3 non-cum 1st pfd___
No
50c non-cum 2nd pfd
No
Non-cum
33%
93
201%
*48%
Lehigh Valley
».
94%
94
52
6,700
33%
94%
#J94
200% 201%
50%
65
*56
95
94
34%
3,900
Lehigh
Lehigh
Jan
64
Co.—10
Portland Cement
23
Valley RR—
50
4,000
7
37
-3
Tire———
Lehigh Coal & Navigation
26%
55%
*28
&
2
61% Jan
par
-50
Preferred
4,300
46
26%
28%
No
Bryant
4%%
3%
3%
*36
57%
97/8
Lee Rubber
11
10%
3%
46
57%
*28
Bane
44%
44
ilO
28%
205
49
6% Jan
43% Jan
4
No par
Co
(The)
Co
Lambert
200
65
Light
Gas
900
85
65
Laclede
12,600
52
83
*77
45
7%
51
64%
137/8
7%
18
Aug 15
3
32% Jan
17
61% Mar 13
72V4 Feb
6
32% Jun 21
43% May
Jan
25% Aug
Deo
Oct
327/s Dec
37 Ve
50
Jan
66%
15Va
18%
Jan
Jan
x32Va
Jan
190
Dec
Jan
31
Nov
Mar
68
Deo
13% Aug
20
Deo
166
23%
Nov
7
104 % May
9
17% Jan
3
108
July
30% Jan
62
9
14
M
*38%
39%
*160
165
*
*39%
*160
40%
165
*40
*160
•
40% /
>40
165
•:
*160
40
*38%
165
*160-
40
300
MacAndrews
&
Forbes.
preferred.
165
■
63
63
52
For footnote
see
63
52
*109%
page
63%
51%
110%
1099
52
*109%
110
'
62
52
*109%
63%
52%
110
,
607/s
50
*109%
60%
61
51
51
110
,
*109%
61
-51%
110-
1,000
Mack Trucks
2,200
Macy. (R HI Co lnc.
Inc
-III
.100
No par
—No per
;4%% pfd series A-—----—-«.100
36
Feb 27
154%Jan
5
60% Aug 23
44 % Feb 20
108% Jan
18
42% May 31
Jun
13
76% Jan
30
160
65
28% Jan
39
Dec
Jan
155
May
Jan
72
Dec
147
47%
May 28
31%
Jan
12
106 Ye
Jan
111% Apr
52
110%
Dec
Nov
,Vblume 164
LOW AND
Saturday
HIGH
Monday
Aug. l!>,
Aug* 20
I per share
i per share
1614
EXCHANGE
CLOSED
23
*500
16
525
*13%
16
*
525
13%
*500
14
21
*19%
21
38%
*37 %
38%
*37%
5
5
*5
13%
13%
*19%
15%
*19%
21
3b
37%
35%
37
5
5%
5%
5%
21
800
9%
9%
9%
9%
9%
9%
9%
9%
9%
9%
*14%
14%
*14%
14%
14%
14%
14 %
14 %
14 %;
14%
48
49
48%
111
*109%
*109%
39%
39%
24%
24%
66%
66%
*38
49
39%
24%
24%
25
66%
39 <
.34
34
205
*202
205
59%
"109
,
60
60%
109
14%
*50%
*202
60
115
53
54
54Va
54'/8
33 y4
33 Va
34
34Va
41
115
116
llGVa
*112
86 1st cum
115
*112
115
50 Va
50 V8
50'/a
1,700
33 Va
33 Va
34
1,400
35%
40
40
40
500
343%
343%
*34
35%
800
523%
*52 Va
53 Va
*53
54
300
*35
53%
41
*40
35%
53
523%
48%
48%
47%
40
2,000
473/4
473/4
48
1051/a
*1041%
105%
*104%
105 Va
300
29 3/4
29%
293/4
*29V4
293%
273%
29%
28%
29V4
1,100
32
32
32
32
*31
33
31
31
31
31%
600
25%
26
25%
26%
26%
23;,%
25 Va
243/4
25 Va
3,400
104
*104V4
105
*28 3/4
26%
105 %
*105
55%
55%
56
56
53%
54
53%
54
54
29
29
29%
30
29
*105
*1051%
105%
*b«
104
104
107J/2
54 Va
55 Va
52%
54
53 Va
53%
1,500
Melville
29 Va
273%
28%
28 %
28%
2,300
833/4
83 3/4
240
28%
293/4
4,100
(The)
5% conv 1st preferred
Mercantile Stores Co Ltdi—No
87
87
83%
85
29%
29 Va
29%
293%
27%
29%
47%
*433%
47%
*433%
66%
67%
110 Va
110%
*110
*54%
1113/4
14%
14%
42%
463/4
56
112
14%
41%
46%
162
*16%
59%
X119
16%
14
13 3/a
13 %
2,200
41%
41%
42
5,800
45%
45%
45%
*160
61
60
16%
60%
X59
*119
53%
x51
16
16 Va
*115
53
14%
118
Minn-Honeywell
4,600
3
Regulator
37%
1,600
Corp
11% Jan
3
Aug 22
10%
10 V8
10%
11
10 %
11
9%
10 Va
10%
10%
3,400
Mo-Kan-Texas RR
No par
38
38%
39%
37%
38%
35 %
36 Va
37 Va
37%
3,600
34 V8 July 23
62
GO
60 Va
61
61
100
Mohawk Carpet Mills
20
Mojud Hosiery Co Inc new..—1.25
61%
61%
21%
21%
21%
38%
40
40
56%
56 Va
563%
*129%
*61
131
78%
X62
62
57%
213%
40
40
57%
40
57%
130 %
130
81'%
79
£0
__
37%
21
22 %
130 Va
79 Va
__
39%
30%
20'%
30%
29 Va
60 %
62
62
61
61
52
52
*50
53%
24%
38
1,500
Monarch
57 Va
4,100
Monsanto
76.%'
79 Va
79 Va
*50
79 Va
33,600
793/4
1,700
29%
29%
30
8,400
*58
61
60
CO
400
*50
52%
*50
52
28%
52%
25%
25
132
200
131
*127%
79 Va
78%
30 3%
60'/a
26
38
57 %
76%
29 %
*25%
38
*129%
82%
5,200
25 Va
24%
25%
25%
25%
100
2,000
.
preferred series A
57%
56%
__
7%
700'
20 3/4
193/4
21
20%
x38
130
*37
38%
Chemical
Co
Wheel
Motor
Corp.
53
48
52%
51
51
1,000
Mueller
213%
20
20%
20%
207/a
3,700
Mulllns Mfg Co class B—
109
*108
109
*106
108%
*106
108%
20%
19%
19%
41%
41%
41%
*109%
110
16%
19%
42
110
*109%
110
17
*1091%
19%
413%
17
-16%
'
40%
16
*48%
49 Va
*48
*60%
63%
*60%
63
*60
LOW
Saturday
Aug. 17
Monday
< per share
Sper share
AND
3,000
16
16
49%
*48
63
*59
100
49%
63
Aug. 20
1043/4 Jun
No par
$7 preferred
25
27*
Aug. 21
Aug. 23
$ per share
$ per share
fper share
YORK
25% Jan
36
Dec
47% Jan
76
Deo
24%
Deo
Dec
21
53% Dec
61
Deo
15
41
Mar
54
Deo
Jan
213/4
Jan
23% Mar
May 31
31%
663,4 May 29
22% Jun 13
109% Feb
6
.
Jan
9%
49
97 ya Mar
109% Jun
2
15% July 23
22
47% Aug
60 Va May
1
7
Jan
Jun
70
Jan
13
55% Feb 15
20
48% NOV
Jan
63
11
t per
Lowest
Highest
Lowest
Par
$ per
t per share
share
share
N
20%
20%
STOCK
20%
*38%
•38
EXCHANGE
CLOSED
39%
38
373%
25%
25 Va
25%
*38 '/a
20%
20
39
38
38
38
373%
373/4
37%
33%
37
35
36 3/4
2,000
25%
25 %
25 Va
23%
24 Va
24 Va
243/e
15,100
16%
16%
16 Va
21
33%
'
33%
210
*29%
33 %
*201
*29 Va
30%
16%
16%
Acme
Louis
1
16 3/a
4,300
Nat Automotive Fibres Inc
1
1,300
National
Aviation. Corp—
5
19% July 23
4
26
27%
33%
333/4
33
207
*29%.
16%
17%
16%
200
16%
17 3/a
4,900
,
National Can
Corp,-
Corp
41%
41%
413/4
39%
41%
40
40%
5,400
Nat Cash Register
22%
22%
22
223/4
20%
213/4
213/4
22
3,200
Nat City
34
33%
34
31Va
32%
33 Va
33%
2,300
21%
21%-
213/a
21%
213/4
22%
20%
21%
21
213/a
8,000
39%
39%
40
29
29%
30
29 3/4
40
30%
j
50
27%
27%
27%
*103%.: 104%
104 Va
104 %
40
6,300
27%
29
28.%
28%
3,400
293/a
42,900
275/»
29%
29
50 Va
*103%
*48
37
39 3/a
*46%
48 3/4
*46
49%
100
255/j
27
26%
26%
6,500
*103%
105
103%
103%
30Va>
27%
50
3S %
27%
29%
50
27%
38 Va
30
39%
105
37
353/a
37%
*204
207
*204%
207
*204%
207
165%
165%
*164%
166%
*165
166%
353/4
36%
166'/a
*165
,
*
.
-
165
i
•
No par
National
new—
..5
Nat Distillers Products new.rNo pwr
Nat Enam & Stamoing
—No par
National. Gypsum Co
.u
1
$4.50 conv preferred—
No par
National,Lead Co—
7%
6%
1
3
16
181 %
3234 Apr
213/4 Feb
5
13%
—
24
'
Feb
25
26
45 V2 Jan
29
Oct
20% Jan
Jan
31% Apr
24% Aug 13
37
May 31
23
Aug 13
173/4 Jan
4
34% Jan
2
45 V4 Apr
22
July 23
27% Aug 22
34 Va Jun
12% Mar
Jan
13
9
48 ;
Jan
24 Vs Jan
2
3
102% Aug 16
323/4 Jan
108 Va Jan
4
24
40% Apr 17
37
Jan
13
Jan
xl01% Aug
24
Jan
Sep
Bep
12
207
July 29
177
Aug 15
173
AP/ 10'
152
195% Jan
164
3
673/4 Jan 29
33 Va Jun
24% Jan
32
32%
1.800
32%.
10%
33%
33%
55
55
11%.
33%,
*53
12
11%
10%
10
10%
33%
33%
33%-,
31
32%
57
54%
54%
12%
53
54%
12
MVi
97
96%
97%
30%,
30%
30%.:
30%,
1%
1%
20,%.
11
12
1%
97
21%
21%
26
*25%
26
1%.
31
20%
26
1%
26
1%
32
32
1,400
57
i
*53%
3,800
400
12%
1%;
12i,200
1%
112,700
961/4
12
2.200
96
95 #
30%
,
30%
30%,
301/4
3
19%
<•
20%
25
21%
25%
11 Va.
10%
95%
97
*30'/2
21%
11%
l%r
97
10%
25
104%
34
35
20
20
.
12%,
"j
f '■
t
H
;
25%
*70%
109%
34%
3*
20%
20%
12%
12%
25
25%
109%
*34
"
104
'> 104%
33
341/4
19
20V4
12%
12%.
12
251/4
71%
*108%
104
104
34
*70%
73
*108'/a
251/4,
71%
25
*71,
*108%
68
*108%
109%
33
19%
12
25
70%j
109%
34%
33%
33%
*109.%
109%
'109%
109%
*1081/4
109%
*109
IO91/4
*109%
112
*109%
112
*1091/4
112
*109%
112
33%r
Y<; ^
|
i:...
12%
25 Va
V
^
»&G
:
;
'
r<v4
20%
104%
...
*43%
,
26%
*54%
22%
?50
122%
For
44%
38
37
•
♦107% 108%
footnote
see
26%
23%
page
1099
*109%
112
42%
42%;
37
37%
37%
107%
107%
*107%
26%
23
26%
55%
26
26%
55
55
23%
22%
23%
24%
..,
54
*120%, 125
*50
;.
124%
25%
25%
54%
54%
*543/4
22
52
125%
*107%
22%
22%
48%
;
50
49
121%
124
*121
300
900
70
109
109%
*108%
43%
38%
42%
38%
1,700
-
32%
32%,
109
43%
109
2,200
25
69
38
108%
11%-
24%
*683/4
43%
*107%
2,700
20
..117/a 1.
38
*50
54
122%
33%.
19%
•
42%
2,600
33
3,900
108%
3,900
26
National Oil Products Co—
National Power & tLt-i
Ex distribution
•*
JVo paf
29,100
;
v
'
600
1,100
Jan
7%Jan
9
30
Dec
20y$ Dec
41 Ye NOV
323/4 Dec
19% Deo
38
Nov
541/4 Nov
26 ys Deo
Jun
37% Dec
108
199% Dec
55
w
Api
167
NOV
Nov
35
Dec
Dec
69
143/4 NOV
65% NOV
38.
25
Jan
18
32
Jan
29
263A July
2
102 Va Nov
42% May 10
10% Jan
29% Deo
1034 Jan
14Va NOV
24% July 25
100% Mar
11 Va Aug 23
24
July 24
Feb
4
8
Jan
4
53% Jan
22% Aug
15
Jan
Feb
2
32% Jan 30
79
May 22
108%Apr
6
Deo
24y» Deo
33 ya Mar
107 Va Dec
Jan
28% Deo
61% Deo
108 ya Mar
153/4 Mar
30
36
103
Feb
tyiay 24
35
Dec
37
110% May 27
111% Jan 30
106
Oct
109
107
105% Jan
110
104
106
32 ?
Mar 14
110% May 28
40 % Feb 26
29
Feb 20
43 V4
Aug
50
Apr
20
32
Jun
27
18% Jan
38 Vi DeO
19
X16% Aug
27% Dec
Apr
9
4
3434 Apr
5
July 23
July 23
Mar 13
Feb 20
69% Jan
18
45
353/4 Jan
16
21% Jan
53
/
22
N Y Chic & St. Louis Co
100
preferred series A
100
120
Dec
Nov
Nov
47 Va Deo
45
109 Va Jun
24% Jan
No parw.No par
19 Va NOV
18 Va July 23
No pal
Central
373/4 Deo
413/4 Dec
1
Apr 25
44
6%
l3/4 Aug
15
York Air Brake
York
123/a Aug 14
101% July
1
i—100
Ship & Dry Dock—1
New
Jan
J
24% May 27
preferred
25% D«o
56
NOV
29%. July 26
——No par
New
9
26
16 % Mar 15
L
43/« % conv serial preferred—100
Newberry Go (J J) common-No par
3%% preferred+
100
New Jersey Pr & Lt Co 4% pfd.100
Newmont Mining Corp
10,;
NewDort Industries.
1
Newport News
%
33
13/a Aug
Neisner Bros Inc.——
4%%
72% May 17
101%.Jan 24
26% Jan 19
—
Nehl Corp—
4
513/4 Feb 26
9% Mar 14
——......10
Nati Vulcanized Fibre. Co
Natomas.Oo
41% Feb
21
80 Va Feb
25
National Sugar Ref Co..
Co
May 16
10% Aug 21
34
30 Va Mar 14
No par
4
-
National Steel Corp.
200
•
22%
491/4
10
t: '
56%
123
Nat Mali & Sc'l Cast Co
National, Tea
500
33
?
43%
*54%
56
32%
33
22%. Feb 13
10
Aug 22
l
-il"
700
v
105 Va
*104%
New
210
26
*25%
7,500
*
103%. 104
*33
:
No par
National Supply (The) Pa
10
(2 conv: preferred—
40.;
4%% preferred —,,4—100
500
207/a
20%:;
National,Linen Service Corp
Highest
t per share
25
/A■■
31%
Previous
14
32% Aug
26
10
100
100
preferred A
preferred B
Feb
19% July 23
■
Products
Dept Stores
10
:
;
..1
1
1
Deo
66% NOT
23% Mar
373/eMay
37'
No par
.
52
32% Deo
16 Va July 24
Nat Dairy,
30
205
165,
30
5,300
36.
*202 Va
2053/4 2033/4
:
-
Lines Inc
Jan
21% Deo
115
X34% Deo
195
Deo
205 V4 Apr
27
Deo
13% Jan
34% Apr 17
20
Feb
193
National Container
National Cylinder G*s Co.
<
26
Feb 20
100
No par
10
preferred
7%
Nat Bond & Share
Feb
303% Feb 26
10
National Biscuit Co common
100
30
*28%
17 Vi
4,000
212
*203
29%
29
33%
33 Va
33%
205
205
30%
400
27
*26 3/a
27
26
National Battery Co..
41
36%
9% Mar
21%
33 Va
37
16% Mar
16
34%
36%:
2
20% May 28
283/4 Jan 29
21%
22
29 7/a
34% Jan
16 Va
*205
30%
17
*48
413/4 May 31
Jan
21
41
30%
Jan
20 Va
157/a
33%
29%
353/8
20
22
29
15% Jan
16
16 5/a
40%
*39 %
15
52 Va Jan
32% Jan
3
23 * July 23
15 Va Aug 19
Co...
National Airlines—
25 3/8 Jan
Aug 22
20%
27%
33%
16%
National
19% Aug 22
38
5
100
Corp
16%
*
28 Va
210
Nash-Kelvinator
Nashville Chatt & St.
203/4
213/a
*202
70
38
21%
*28%
14,900
20 3/a
20
20%
38%
15%
28%
19%
*38%
20%
*27
20%
Deo
18%
Year 1945
Range Since January 1
»
473/4
109 % Nov
8
May
114% Jan
108 Va Jun 27
.
33% Deo
32 V4 Oct
Jan
Range for
STOCK
EXCHANGE
Shares
*
53% De0
17
STOCKS
NEW
Sales for
the Week
49 Va
27% Aur 24
19
Aug 23
36% Mar 21
—.—5
1
——.100
Murray Corp of America—.——10
4% preferred
,
——..50
Myers <F E) & Bro
.No par
Munsingwear Inc
Murphy Co (G C) com
4%% preferred.
Jun
Jan
Jan
5%
3
36
Jan
Jun
Jan
16 Ve
36
23
34% Jan 16
16% Feb 26
—1
Deo
Dec
16%
29
56
44
1
;
.
Friday
Thursday
Aug. 22
Wednesday
$ per share
..
Co—
Brass
SALE PRICES
HIGH
Tuesday
Aug, 1!)
1,000
110
*1093/a
110
50
—
900
19%
42
15%
16%
*48 Va
63 %
*60%
19
42
*109 3/8
16 Va
49
49
108%
*106
19
40 3%
*18
-
1,100
Deo
37
Jan
62
28% Feb 26
53
21
28 Va
Jan
473,4 Mar 4
24% Aug 20:
,—No par
Corp^..—No paf;'
13
124
Jan
22%
30% Apr
3
21
Motor Products
7% Mar
109% Jan
May 31
79% Aug 23
Jan
53
19%
58% Oct
104% May 29
Jun
LI
41
26% Deo
42% Mat
5
July 26
22
53
*106
Aug
71
53
21
28%
13
135% Jim
10
21
29
/ Mar
July 25
50
52
X2t, 7a
2
July 29
$2.50 cum pfd
:
Morrell (John) & Co
29%
29%
53
Apr
8
23% July 15
45
Apr 22
57% Aug 21
Moore-McCormack Lines Inc.
20 Va
29 Va
Jan
9
70
76 3/4 Aug 22
Receipts
52
29 Va
52 Va
Jan
35
Feb
126
$3.25 preferred series A__No paf'
Montgomery Ward & Co——No par
29%
29Va
323A Jan
5
new
253/4 Aug
137
52
193A Aug 23
No par
Tool
Mach
Dec
Jun
143/4 Nov
36
Deo
63% Deo
3.60
Mar
75
Oct
1
17% Jan 24
Feb 27
X45
Jan
9
44
9% Aug 22
37%
39
56
111
37
7V2
119% July 1
56% Aug 9
19% May 28
129
Mar 25
29% Mar 13.
38 V2
39
Jan
Mai
68 % Apr
38 Va
38%
Deo
263/a Mar 18
Aug 22
115
No par
10
preferred
$6.50
Mission
47%
July
62% Jan
117
July 22
40% Apr 30
&
Deo
Deo
106% May
:
45 3/4 May 15
513% Feb 25
conv
Min
200
117
*112
3
113% Apr 18
183/4 Feb 18
31% Feb 26
44
Aug. 22
pfd series A
100
Mfg
No par
Minn Moiine Power Impl
1
3.20%
Minn
1,600
15 %
15 %
15
115
115
61% Jun
12-
26 i
Minn
70
25
45%
93
1,900
Dec
30%
33% Mar
563/4 July 30
53%
53
27
543/8 Jan
9
156% Jan 24
121
*119%
Deo
109 % Nov
10
3,000
60%
*59%
593%
121
Dec
70%
87% Nov
2
77
May 15
1103/4 July 19
21
51 % Feb
15
36
?>: 41% Dec
-i
32% July
52% Apr
1063/a Jun
bcP&SSMA vtc—No par
NOV
29% Nov
100
1st preferred
cum
Deo
43
35
Jan
14% Mar
Minneapolis & St Louis Ry ..No par
8%
12% Mar
Deo
32 3/1
10
173
30
16
16
16%
60 34
53%
16 Va
15
26
108% May 10.
12% Jan
3
10
No par
Petroleum
Steel Products
Jun
Jan
55%
105 Va Jun
28% July 23
38
Jan
2
59
Deo
May
53% Dec
109% Nov
35% Jun
par
Feb
Sep
13% Jan
56% Aug
8
59% Jun 28
Feb 25
1,000
613%
6.1%
60 %
Copper
Midland
600
163
*160
163
120 Va
*119
118
*115
163
60%
54 % Aug 22
22% Mar 14
70
Apr
-17 Va
105% Aug 13
43
Jan
30% Apr 22
26
NOV
33%
Oct
Sep
104
.
48
195
Dec
Jan,
.
Dec
24% Jun
63% Deo
55
193/4
10
46 3/4
16%
24
'
Deo
Oct
111
114
52
3
Aug 16
1
50
100
5
^
Mid-Continent
44
60
10%
15%
118%
13
40
54
53%
15
118%
143/a
47%
163%
119
54
Machine
42%
.
119
Co
Metropolitan Edison 3.90% pfd
Jun
36
Deo
Dec
Jan
Jan
30% Jart
108% Mar 21
35% Apr
4
Feb 25s
19% Feb
—No par
9
pfd.,.
cum
Mesta
170
1123%
2
Aug 19.
23% Jan
3
1
Inc
Co
300
55
112%
&
$3.50
200
1103/4
*54
Merck
2,800
Miami
*161
16%
59 %
59%
119
53V4
54
112
68
1
56% Jun
104
Sep
27% Jan
193/4 Jan
Apr 23
May 27
Apr
9
46% May 29
48% Apr 22
69
Jan 10
24
No par
Min Trans Co
&
14%
60
17 Va
*110
54
111
Merch
47
m
43
104
i
Co
42
163
60
110%
54%
112%
Mengel
Corp
47Va
*
48'%
162
61%
68
*110
110 Va
54%
42%
67%
68
*111
14%
42
*47V4
162
*60
110%
110'/a
*55
66
*433/4
47%
673%
112
56%
112
47%
*44
Shoe
6
413/4 Jan
....
700
56
*543/4
40%
52 3/4 Aug 21
i—1
Co...;
83/4
May 31
122
31%. Mar 22;
Deo
11 Va
Aug
5
Mar
Jan
34 Va July
104 Va
Jun
71
2,v
14
33% Mar
27%
22 Va Aug
176% Jan
May 10
118
4
Jan
Mar
40
'*
'
55
26
Jan
28
Sep
17
Jun 18
109% Jan
No par
—
Stores
.
*1053%
86%
68
*
56'%
29%
66%
108
*106
preferred
$4
54
29%
90
111
Mc'vjuay-Norris Mfg. Co
10
Mead Corp..
;
——No par
4%% preferred
—100
4%>
2nd preferred
50
1063%
*55 Va
86%
*44
,
McLelia
Feb
48
18
McKesson & Robbins Inc
70
V 39 Va
7%
42%
9% Mar
112% May 13
13% Feb 26
Oct
Jan
109
203% May 20
50% Feb 26
i
Apr
21% Jan
48% May 28
38 3/a May 29
8
Jan
>
Apr 18
75
'
Deo
15% Nov
32% Dec
15 Va
5
30% Jun
2
26*
108 % May 29
...1
3%% conv. preferred
.—100
McGraw Eleo Co——.1 '
McGraw-Hill Pub Co——JVo.poftMclntyre Porcupine Mines—
5
160
114%
114
115%
35%
41%
353/4
49%
195
McCrory Stores Corp
115%
Feb
28% Feb 26
No par
McGall corp__—
33
1161/4
Jan
25%
525
183/4 Jan
2
45 Va Feb
t
18%
112 Va Mar 25
2
July 25
50
50
34
115 Va
-
3% Jan
73/8 Mar
57% Apr 24
25'
52% Feb 26
preferred———No par
54
53%
48%
100
23
34
7%
34
34%
49
*112
..
2,000
51%
*50%
52%
*50%
60
14%
20% Jan
Feb
20
:
par
...100
5
No par
Maytag Co
No par
$3 preferred—No paf
4,000
no
110
c 14%
14
.
July 23
Jan
-
37
1
Wks
; 24
4
Jan
26% Jan
109 % Aug
preferred
May Department Stores
$3.75 preferred
...
59% •reo
59%
109
14
51%
115
*52%
*48 3/4
59%
Alkali
Mathieson
206
*202
206
Corp—.Jl..—.No
Elec Co—
Master
1,000
Co—
14
11% Feb
39
'
——lOO'
i—1
No par«
—
L)
Corp
Martin-Parry
Masonite
100
33%
preferred
(Glenn
52%
*
116%
*40%
41
■700
iAVa%
39
33%
33%
109
■
14%
51%
*112
116 Va
2;70O
65%
*37
39
*202 *'i
110
*14%
51
*112
24
66%
33%
206
60
14%
*50%
33%
*109
110
14%
52%
33%
60%
*109
14%
23
65%
*37
1
34
♦202
23%
65%
39 %
67
39
34
23%
39%
25%
67%
40%
,
*37
100
2,900
48%
110 Va
38%
prior pfd
39%.
47%
*109%
(
8
Aug 19
5
Mar
17
,
< par share
Jun
425
.7% May
Aug 15
14
46 V2 May 31
8
Jan 28
9
5
.
May 28
14% Aug 21
,
Martin
48%
iio%
39%
Corp
Market St Ry 6%
230
'
Highest
July 11
103/4 Apr
353/4 Aug 23
;
•
1
3,600
45%
39%
•I
Midland
Marine
11,300
.
■
Marshall Field & Co___ _____No pat
*109%
49
110%
*109%
40
*66%.
'
40%
48%
110%
■
Ma-iacaibo Oil Exploration
1,800
17%
526
19% Aug 19
1945
I per share
j
30 %
Aug 22,
520
Jun 10
12% Feb 26
i
Mandeli Bros—JVo parManhattan Shirt
'■
A
'
5%
.21
Ma nati /Sugar
-200
'
: 15%
July 26
1—...10
—;
50
Magma Copper..—.;
Mahoning Coal RR Co.
900
13%
13%
13%
Madison Square Garden new_No par
-2,000
525
*475
525
3.000
-
■
Year
Lowest
# per share
I per sharei
*«!
-
22
*19%
38
5%
15%
21%
PrevttfW
Range for
Range Since January 1
Lowest
Highest
YORK STOCK
EXCHANGE
Rfiqres
,
15%
13%
21
38
5%
8 per share
22%
*475
NEW
the Week
21
22%
525 !>
t
Sales for
Friday
'•Aug; 28
:
15%
16%
'22%
Thursday
Aug. 22
I per share *
Spershare
22%
*500
14
19%
16
22%
,
-""'
'"
Aug. 2I-'**?
I per share<
.
16%
22 %
Wednesday
v
iol:,.;:';j.:;,./,v.'
STOCKS'*
SALE PRICES
Tuesday
Aug. 17
STOCK
1095
TttE CQMMERCIAL &. EINANCIAL CHRONICLE
Number 4519
61V4 May 29
135
Jun
10
32
103%
Mar
Jan
Jan
58 ya
Oct
353/fe Deo
75 Vi
148
Jun
Jun
tTHE COMMERCIAL' ft FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
Auy.
Any. 17
Auy. 21
Auy. 20
Auy, 22
Ranye for Prevlons
NEW YORK STOCK
Bales for
Friday
Auy, 23
Thursday
Wednesday
Tuesday
Monday
Saturday
STOCKS
SALE PRICES
tow AND HIGH
the Week
Sanyo Sines January 1
Highest
v
EXCHANGE
.
Year 1945
/.if Lowest
lowest
Highest /
'
I per thare
i
24
233/4
*30
38
*29%
35
*29i%
75
*66
75
*66
325
*300
*290
322
109
325
109%
109
109
183/4
18
3.000
75
28%
26%
325
*300
*108 %
109
109
18%
19
*43%
46
>
25%
38
*66
283A
*300
CLOSED
22
*30
70'
70; \
,
109
18%
18%
v
18%
22
24%
N Y City Omnibus Corp—
New
35
■i
129
*129
259
262%
*129
130%
129
33%
34
33 5/s
109% 109%
190
183/4
1,600
183/4
183A
N Y Power & Light 3.90%
N
Y
27%
42
28%,
43%
50%
28%
41
,
28
42
*50
51
50%
*15%
16
•15%
21
211/4
22
129
129
)'
Adjust 4 %
»
...
Ry
28%
17
Jan
29
NOV
41
Mar
65
NOV
162
Mar
410
Oct
Sep
14% Aug
110
Deo
76
325
28
Feb
19
Jan
39% NOV
North American Co
8,100
North American Aviation
27%
10,900
43
40%
41
423/4
43 %
3,200
50%
*50
50%
*15%
15%
*15
15%
15%
21%
22%
♦21%
22
21%
*110%
112
Airlines
Northwest
100
Northwestern
100
Norwalk Tire & Rubber.
21%
1,700
100
112
112
11
29% Feb
45
Telegraph—.—50
pfd
37 %
34% Mar
26
16% Feb
Aug
'
19%
126%
Nov
31% Deo
Jan
16
9%
Jan
105%
Jan
17%
Jan
38%
56% Jan 11
263/4 Mar
63%
Deo
46
Apr
57
Nov
6%
Jan
15
Deo
21% Deo
36
Jan
11
55% Jan
7
19% May 15
3
26
25
May 23
12%
112
Jan 19
107%
15% Deo
112
Jan
108% Jun 26
—100
Oct
258% Nov
May 22
117
1
Feb
Jan
118
Aug 15
393/4 Apr 20
SO3/*
Jan
219
5
129
Apr
18
2.61
Edison Co 4.40%
Jan 19
288 % Apr
13% Jan
No par
Norwich Pharmacal Co
Ohio
3
Jan
12% July 23
111
Jan
3
253/a July 24
36% July 23
——.——No par
15%
v
Jan
10
51
53
July 26'
121
50
100
30
27
*50
43
246
—1
Northern Central Ry Co
Northern Paciflo Ry
s
102%
283/4 Feb 18
'
-Ki
pfd——.—.100
non-cum
113% Mar 18
,
0
100
6.100
116
27%
in
Western
&
13%
13
*115
25%
.■
1
33
32%
33 %
12% ,131/4
/ 116
*115
160
283/a
*111%
37% Feb 16
7 /
106% Apr 30
18
Aug I
pfd—100
Noblitt-Sparks Industries
Norfolk
50
•111% 112
*niy4112
129
:/■•
41%
;
Jun
'*
vj
200
263
273/4
-
16
203/4
262
32%
135/a
116
*115
43%
261%
129
34%
'13%
13%
116
116
117
275
SLtpblag Corp part stk
490
46
*42%
43 %
260%
262
130%
33%
33%
♦
13%
13%
; 13%
♦115
/
—BO
9 per share
"
47*/
*44
260
Jan
9 per share
41% May 28
May 3
Aug 21
57
-
9 perthare
24% Feb 27
par
No par
N Y & Harlem RR Co
Vb'i'juh
46
261
22
No par
York Dock——.—.No
$5 non-cum preferred
100
ti
46
259
9 per share
Par
Shares
9 per share
40
28
*30
STOCK
EXCHANGE
9 per thare
9 per sharp
(per share
share
t per
Jan
112
Deo
Deo
Oct
•
26%
26%
26%
25 %
26%
26
26%
22%
26%
22
22
22
22
22
22
(26%
*22
26%
22%
28
28%
28%
287/a
*116% 111%
*110%
1113/8
14%
143/4
yf.&y
14%
■
,!
.
'
15
%
>,
117 V-
117
117
'-X'
*22
'
34%
-
,
5.£%^Y
n
y'-X
•ioiy8
Sft£":
*45
x343/4
133/4
175
*102
104
853/4
273/4
i
34%
34
174
28
104
200
343/4
823/4
'
83%
2,700
200
29%
104
83%
—--
21
21
21
21 y8
72%
*70
72
*70
73%
37
*36%
38%
*36%
38%
*36 y8
38
44%
44%
443/4
44%
44%
44%
443/8
44%
66
653/4
65%
*643/4
66
64%
65
38%
39
39
39%
*175
39%
177
153%
152% 153%
177
175
*175
7%
7%
39%
153%
153
7
7%
29%
28%
28%
*27
8%
Z 87/a
8%
8%
18%
17%
18%
17 y8
*163/4
173/4
16'%
60
5,000
400
1,600
39%
210
20
*163/4
17%
*17
17%;
47%
87/a
9
79
*110%
48%
*108
1083/4
*77%
18:
473/4
48%
*108
18%
115
8%
*110%
83/4
77%
83/4
77
*108
*74
115
36%
43/4
36%
77
77
43/4
473%
45%
1083/4
*108
8%
36%
75%
74
115
*110%
38%
34%
75%
73%
8%
8%
*70
115
*111
73
73%
43/4
45%
34%
35
34%
34%
35
35
33 ys
34
17%
17%
173/a
17%
36%
17%
171/4
—
23,500
*33 y2
17%
1,300
500
52%
53%
523%
53%
10,200
38
51%
513/4
51
52%
52
53%
38
38%
37%
38
37
373/4
37%
363/4
37%
37%
10%
10%
*10%
41%
*10'/2
11%
300
*26%
26%
25%
26%
26%
1,200
39%
600
*10%
,
103/4
10%
•37%
37%
*114
10%,
27
t,
is 27
27
27
37%
*114
116%
37%
*37%
,.116%
*114
39
*37%
116%
*114
26
*37%
39%
*114
116%
2,900
23%
233/4
23%
23%
24
24%
231/4
23% "
24
243/4
27,900
23%
23%
23%
23%
23%
24%
23%
233/4
24%
243/4
6,500
363/4
37%
36%
37%
35%
36%
36
36 y4
16.600
*44%
47%
*45
*45%
36%
47
*62
65
Z.
•109
110
*25
45%
30
109%
46
63
,63
63
109%
1093/4
109%
*26%
28
*26
124
*120
*95
104
'
*98%
*38%
.39%
103%
108 %
11%
*44%
t 29%
29%
30%
*120
•
,
,
46%
*25
30%
29%
*26
37%
65
*62
*38%,
*108
11%;
11%
62%
.
110
*26
30y4
30%
31
29%
27
27
26
26
*120
103
•:
98%
39
38%
38%
110
108
11%
*25
28%
3oy4
*26 v.
y
28
126
*108%
11%
;
*120
126
; %
*94
101
j
*36%
•107
11%
11%
110
———
30 %
26
*120
126
*92
100
;
37% W
*107
20,400
200
vt
•' m
—
200
,-Z
m
200
20
110
U%
11%
113/4
•
363%
*30
110
1,700
273/4
29%
98%
38%
400
*25%
,
125%
108
;
300
62%
62
62%
109% 109%
29%
46
1,909
Monday
Tuesday
Any. 20
Auy. 17
Auy. 19
I per thare
• tier thare
.
Wednesday
■:#-e*r share
ifHtr that*
Friday
t
Safe* far
Aug. 23
t W* thare
the Week
Shares
vr thare
143A
14%
14%
743/4
75
76
14%
76 %
76
14%
77%
X73
74
74
75
40 3/4
4,300
41%
41%
42%
41%
42%
40
403%
40%
413/a
8,500
73%
111%
713/4
72
713/4
72
1113/4
113
112%
113
29 %
28%
733/4
733/4
73
.
14%
73%
*72%
*112%
113
112%
112%
111%
28%
29
28%
29 %
*31 %
32
*31%
120
*119
16%
313/4
*119
16%
32%
46%
46
*1113/8
113
*105
106%
673/4
*28
457/a
*105
*31%
127%
*124
>32
120
16%
■$ 31% ^32
111%
33
*31
16%
*124
29
32
119%
143/4
32
32
*119
23%
32
120
120
16%
15%
16%
31
31%
303/8
46%
46%
*111%
112
*105
106 %
*105
30%
30
127%
*124
30'/4
*124
467/a
143/4
380
310
32
32
119
600
150
16%
9,300
30 %
30%
3,800
45%
8,900
44%
45%
45%
111%
*111%
112
106 J/a
*105
107%
63%
31%
8,100
16%
~
111%
68%
1,400
29 y8
119
31
1113/a
127%
143/4
28%
16%
106%
33
14%
*27
30
127%
29%
*124
66
——
500
1
127%
65 %
29%
300
29%
653/4
*27
30
*208
3,700
213
—
35.
35-
*108%
*135
110
135
11%
12
100
100
223/4
.•*23 %
23%
25
*197
*208
213
39%
213
39%
9%
153/4
16
39%
10
'
i
140
*133
87%
873/4
84
85%
85
'*22%
24%
22%
i
•196%
,
24%
87 ;•
24%
23%
27%
*50
20%.
21%
18
18
28%
26
27%
53%
20%
52
52
19
55
64%
65
58%
60%
102
40%
see
page
1099
20
103%
40%
.
,
20
20%
213/8
*51%
22%
•52%
footnote
16
86
85
*21
95/a
3,400
/
9,600
16 3/a
140
1,600
f.
120
86%
85
110
23%
'V
*196%
—
*18
For
39%
9% ua
-16
,
140
*133
39
9%
53%
64%
55%
102,
40
23
*17
26%
*50
'■
2,200
::i
26%'
52-
100
4,100
-
-200
20%
800
203/4
21%
7,200
64%
64 y8
563/4
40'/a
19
20%
*52
58
102
23%
*101
39%
54
200
64%
57%
102%
4,900
39%
1,700
2,800
200
•*
22% Dee
Jan
—
23 y* Nov
ep
89% Nov
48
4
473/4 Jun
56% Mar
6
67% Jun 14
July 24
35
& Transp
Aug 22
107 V* Jun 26
100
—
8 Va
1
inc
74
No par
preferred
108% Jan
100
1
1
Utah
Tilford
Inc
—
Consolidated
Patino Mines
&
Enterprises
Penick & Ford
5
No par
Airlines
Penn-Central
Coal
&
Penn
Penn
Corp.
Coke Corp
Cement
Co..
Glass Sand Corp
preferred
&
Power
When
v',r
Deo
46
Nov
Jan
Jan
X60% Oct
133/4 Feb
Jan
Dee
20
Dec
13%
Jan
29% Apr
Sep
4% Mar
106%
56
Jan
106% Oct
*39% Nov
111
Oct
14%
Dec
x80%
Deo
110
July
73% Dee
5% Dee
Feb
39% Nov
29%
4
4
29
Jan
32% Jan
2 V* Jan
Jan
17% Aug 12
67
Dee
16% Mar
Mar
39% July 11
26
29
21% Jan
6% Mar
xl8
Oct
59
79% "Jun
165/8 Feb
303/4 Jan
28
Jun
33%o
28% Feb 25
Jan
30
Dee
17% Dee
24% Mar
72
May,
49%
Dec
11% Aug
17%
Jun
Dec
33%
Deo
30%
Deo
21%
Jan
19
373/4 Aug
Jan
111
Nov
113
Apr
12
llSY* July 15
21 % July 24
213/4 Aug.. 9
27% Jan 24
24% Aug 23
20% Dec
24% Dee
35% Aug
6
Feb 27
16
33% Aug
37 y8 Mar
46% Nov
49% July 16
49
Nov
30%
Jan
46
Dee
69
Jan
96% Nov
14%
Jan
43% Nov
110
Jan
*40
43
Jan
2
893/4 Feb
20
28% Aug
7
29% July 23
25
Mar 13
.100
1113/4 Jan
14
.100
88% Jan
4
35% July 30
YORK STOCK
1
12
23y4 Mar i4
100
EXCHANGE
May
Dee
5% Jan
7
No par
2nd preferred
110
25
Aug
1
10
Light Co.
Petroleum Corp of America-
90 Va Apr
10
453/4 Jan
100
Pet Milk Co
50% Apr 22
Apr 30
14% Jan 10
III
Jan
32%
■
573/4 Feb
Peoria/ & Eastern By * Co——100
NEW
42
Jan
>
34y«
48
21
Pennsylvania ' RR—.50
Pennsylvania Salt Mfg Co
..10
Peoples Drug Stores Inc
v-5
Peoples G L & Coke (Chic)
100
4%%
24
July 16
10% Aug 20
No par
S % prior preferred——..
5%
preferred
9
3
28% Jan
35
—
Co
10
27
7
35V»Jan
49
distributed
Pepsi-Cola
4% Jan
„
No par
Penney (J C) Co
10
33% July 23
57
Feb
9
Mines—1
Co
Davis &
Aug 23
Aug 22
Jan
203/4 Apr
17 Va July 16
2%
5
Airways Corp
Prod. & Ref
Penn-Dixie
17
8
&
Penn
Mar 18
23% Mar 14
STOCKS
Thursday
Aug. 22
Any. 21
Jan
11%
.No par
Cos
tow AND DIGS SALE TRICES
Saturday
13%
45 V* Mar
2
Jun
Paramount Pictures Inc new
5%
116%
19% Jan 22
25% July 11
86% Mar 19
Jan
175
No par
753%
79% Deo
16%
Parmelee Transportation
17%
Jan
5
34% Apr 22
12% Feb
5
2,300
74
58
Apr
149% Dec
No par
2.50
17%
100
6;
Parker Rust Proof Co
75
Jan
160%
Parke
173/a
74
121% Jan
Park
75
7
Deo
111% May 29
32% NOV
95
Dee
17
II y8 Feb 26
1,200
173/4
Jan
168
Jan
155
Jan
Jun
181% July 17
34%
78%
30
7
22 ys
35
6% Aug 22
500
*76
Deo
180% May
48
Apr 24
160y«Jun 13
7,900
,
36%
2
Deo
3
preferred
conv
Nov
6
2,200
17 V*
17
4%
34%
Mar
66
4%
Jan
Panhandle East Pipe Line—No par
Paraffine
Deo
13% Jan
23% Jan
May 22
Nov
Jan
Pan-Amer Petrol
Panhandle
*118%
107
142
Pacific Western
4%
18%
Jan
-
171
Park
4%
45%
'
'
373/a
73
4%
173/4
400
115
363/4
37%
44 y2
173/4
5,400
76
46
76
—
8%
74
46
173/4
2,400
47%
1083/4
Jan
Feb 11
119
100
—1
.—10
*i6ye
*46%
11%
120
40% Jan
No par
preferred
163/4
*108
Jan
& Teleg——...100
Pacific Telep
Pan American
473/8
Jan
18
25
18,900
1083/4
24%
106%
72% Aug 21
34% Jan 19
No par
17%
17%
.4%
76
& Electric
200
200
2
„
34% Deo
3
13% Aug 12-
Pacific Lighting Corp
Pacific Mills
J.
6%
2
Jan
75
No par
No par
preferred non-cum
2nd preferred non-cum
Pacific Gas
Jan
91
—10
1st
17%
453/4
17%
28
173/4
43/4
17%
166
Co
Coast
Jun
17% Jan .19 £
39% Feb
2.50
48,200
45%
17%
Pacific
36
32 y4 Feb
25
Deo
'
*
i
Glass
2
23%
16% Aug
1
14
xll9% Jan 14
51 %
—100
__
Mfg
Outlet Co
Jan
223/4 Jun
27% Feb 26
..No par
Oo—
12.50
—,
Pacific Tin Consol'd Corp
28
46
4%
preferred
Outboard Marine St
8%
—
8%
45
43/4
No par
com
8%
*27
28
8%
77
*110%
373/a
78
35%
*76
473/4
1083/4
Elevator
4,700
7VB
•
"
Otis
115
10
_
Oil Corp
Packard Motor Car
8
173/4
40
154
6%
6%
380
•
176
*174
175
63%
*28%
y
38%
152 %
July 29
133/4 Aug 22
100
29% July
26
110
Pacific Amer Fisheries
14%
21
72%
153
Oppenheim Collins
1,400
14%
21
74%
37
I
preferred A
conv
14%
14%
21%
*65
8%
Owens-Illinois
14%
14%
No par
4%% convertible preferred.—100
(The)
—6
Omnibus Corp
2,100
74%
14%
19% Feb
21% July 19
27 Va Aug 22
pfd—20
Oliver Corp.
83%
21%
14%
Ohio Oil Oo————————No par
Oklahoma Gas & Elee 4%
6%
173
*102
853A
3,800
;
44
*28
*102
14%
200
-
*163
28
650
117
*43 y4
*169
105
85%
14%
1,100
4,400
111
117
44
333/4
.35%
29%
*28
116 y2
43
175
*169
29%
'
14%
116%
46
85%
853/4
85
14%
253/a
*102
105
273/4
1103/4
117
*28
29%
*27
28
112
47
*170
175
•170
,
27 Va
111%
14%
117
35 3/a
35 %
9
112
117.
*44
46 3/i
*44
28%
1113/8
,
10.300
106% Apr
12
10 % Mar 13
47% Feb
68
May 22
115
Apr 22
51% Jan 25
40% Jan
11
303% Jan 17
21
July
19% Jan
38% Nov
43%
Jun
Jun
19
92%
Jan
1*0% Nov
109 V* Jun
17
63
Jan
116%
132
43% Mar 18
Mar 12
109
14ye Apr 13
26
Apr
105% Nov
8
Jan
41%
Jun
Dee
108
Mar
13
Dee
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 45i9
.Volume 164
1097
NEW YORIC STOCK RECORD
v"
Saturday
Monday
■*'
Aug. 17
Aug. 19
9 per share
9 per share
25%
25%
26
STOCK
105%
26%
106%
109%
111%
110%
107
111%
111
CLOSED V
114%
116
115
115%
116%
,106
I per share
EXCHANGE
$ per share
26
251
105%
107
106%
25%
106%
111
111
111 %
990
116-
116%
117
118V4
128
940
117
125%
127
126
126
113%
114%
114%
62%
114%
114%
58%
25%
61%
60
60%
65 preferred
6% preferred—— — ■■■ — —»—■■■
7%' preferred.—
8 % preferred——.
7,400
26
25%
26
6,200
62
62
62'/a
62
26 Va
27
26%
27
26%
*112%
113%
36%
37 Va
36
25
25 Va
25
13 Va
13%
89
89 Va
88%
21%
21'A
113 Va
*112%
113V8
34%
35%
*35%
36%
25
25
24%
24%
25
25
13%
13%
12%
13%
13
13%
89
89 %
21%
21%
13%
88%
21 Va
*112%
36%
25 Va
13 Va
113Va
*35%
36
21%
700
(Jan
Jan 17
117% Feb 15
69% Jan 15
17
t per share
Jan
i 102%
110
115%
No?
X148% No?
S118
Jan
65% Oct
24% Dee
112% No?
.
Jan
106
-
Deo
138
Jan
17
Dee
126
,
121V* Jan
112% Oct
47% Jan
5
v
27% NOT
.
Feb
106% Jan
28% May 28
115% Jun 13?
Mar 19
Highest
I per share
2,
150 /
July 24
108
share ?;
139% May 10
19% Feb 26
-No par
100
May
No par
32% May 16
38% Feb
4
23% Jan
3$
;
No?
Jl
19% Feb 20
253/4 Aug 13
15% Jan
22%
Dee
10% Jan
19% Dee
Quaker 8tato Oil Ref Corp.
2,000
126
112% July 25
57
Tear 1945
Lowest
y
30% Juh 10
1153/4 Jan 10
3
1093A Aug 19
1143/4 Aug 19
119% Jun 20
100
100 ?
No par
—No par
Pullman Inc
Pure Oil (The) —
5%
conv. preferredPurity Bakeries Corp
per
104% July 19
— —i — —HP
100
Pub Ser El & Gas pfd $5
90
115
*112%
113%
*112%
27
126V4
*113%
23% Jan
Pub Serv Corp of N J com—No par
'■
780
127
113%
115
61
$ per share
Par
7,900
1,070
110%
24%
Range Since January J
Lowest
..Highest
Shares
106
111%
25%
Range for Previous
NEW FORK STOCK
the Week
125%
125% 125%
*113%
105%
Aug. 22
.
vSaleufor
Friday
Aug. 23
Thursday
V
9 per share
4 per share
EXCHANGE
25%
STOCKS
LOW AND HIGH SALE PRICES
Wednesday
Tuesday
Aug. 21
Aug. 20
R
'
*109
109%
109%
109%
*109
88%
110
88%
89
89
20 Va
*
21 Va
21
211/4
109 %
*109%
110
Radio Corp ol Amer
No par
$3.50 conv 1st preferred—No par
32,500
1,200
Hadio-Keith-Orp"
110
20
44%
45%
46
46
46%
46%
44%
44%
441%
45%
1,100
26%
26 Va
26%
26%
26
26%
24%
25%
24%
25
2,100
*37%
37%
37%
37%
37%
37%
37%
37%
37%
37%
2,400
24%
24%
24%
24%
24%
24%
24
24%
24
24%
1,700
*48%
51
*48%
*39%
40
*39%
40
27
50
39
*37
39
*37
39
*24
*106%
111
*106%
*103%
107
50
27
x24%
24%
100
111
*108
112
*108
112
10
105
100
100
102
102
50
*48%
*48
Real Silk Hosiery.
Preferred
..
*38
39
38%
37%
38%
38
38
1,100
*21%
22
22
22%
22
22
21%
21%
21%
21%
1,300
97%
97
98
*97%
98
97%
270
44%
44%
103%
30%
98%
44%
103%
30%
17%
17%
43%
*101%
*101%
17 Va
12%
17 %
36%
*17%
*114
115 %
291/4
*107%
*107%
35
108%
35%
*118
108%
35V*
120
23
,
23%
42%
42%
*48
31
31
16%
17
17
23%
42 Va
50
*48
*102
Conv
pfd 3 % % sferies—
Remington-Rand —J—
Reo Motors,
17
17%
17 %
11,000
12 Va
12%
11%
12
11%
iy/8
14,100
*17%
17%
17%
17%
17%
ir%
1,100
36%
25,700
36%
*114
38%
35
36%
36%
114%;
114%
114%
26%
27%
28
34%
115%
24
34%
43Va
108
34%
116%
*114%
23%
23%
33
5,200
'
24%
42%
50
5,100
33%
32%
116%
118
24
28%
*106%
108
*106%
200
114
114
28%
29%
*107% 108
22
43%
42%
48%
*48
49
107%
107
107%
49
;
7,900
5,100
43%
42%
43
48%
*107%
23%
Common
30
49
31%
32 y4
31%
32
31
31
30%
30%
30%
31 Va
1,600
Rheem
18
18 Va
18
18%
17%
18
17%
17%
17%
17%
4,400
36
36
35%
34%
34%
9%
10%
10%
25
25 y4
*35%
35%
35%
10%
10%
10%
27
*26
27
26
26
54%
54%
*55
56
56
56
55
55
30%
30%
*30
30%
30%
30%
29%
30%
9%
lOVa
♦25%
10%
24%
400
35
*33
10%
25%
55%
29%
Co
Tuesday
Aug. 20
Aug. 19
I per share
9 per share
900
53
53%
Friday
9 per share
2
YORK
Deo
Dee
137
Jun
143
6$% July
17
Jan
Deo
31% Deo
22%
8
Jan
Dee
36%
89% Jan
l$y« Jan
102% Aug
29 ?
Dee
Y&Au*
^8% Deo
j*
40% Feb
118
19% Jan
16
102%
110% Jan
Jan
87%
Jan
15%
Jan
3
45% Jan
15
-
136
Jan
16
28% Feb 16
467/a Jun
•98
^
115
6
31% Jan
37% Mar
108% Feb
25
Jun
10
16% Mar
106
Feb
20
20% May 28
10%
par
28
Feb
26
44
16% Jan
6% Aug
19% Apr
j Apr
13% Feb
29
5
30% Jun
3
43% Mar 13
65
24% Mar 14
34% Jan
Dec
26% Deo
18% No?
14
9% July 25
24% Aug 22
Dec
40
Oct
46% No?
99% Sep
38
No? i
37
11-7% Dec
23% Dec
14% Jan
,
Ho?
24% Oct
110
Jan
50% July 31
'•221/4 Mar 11
33% Dec
>
Jan
11%
Apr 20
31% May 28/
par
Jan
31
Deo
12% Deo
29% No?
33
9
Mar
48
Oct
21
May 29
Sep
34
Dee
Range for Previous
STOCK
Range Since January 1
Lowest
Highest
EXCHANGE
Par
Shares
9 per share
9 per share
NEW
the Week
60% Dee
46%
28%
11V4 Jaq
102% Oct
25
18
—
Salee for
Aug. 23
Thursday
Aug. 22
Aug. 21
Mar
36% Jan
STOCKS
Wednesday
9 per share
Feb
Antelope Copper Mined!III
Typewriter
—.—
Ruberold Co <The)-;
——No par
5
Ruppert, Jacob—
1,000
2
104% Jan
Royal
LOW AND HIGH SALE PRICES
Monday
Saturday
Aug. 17
iiNd
-——No
43
4
17% Feb
19% July 24
37% Jan
2
Roan
17,500
1,300
29%
*55
Mfg
29% Mar
21% Feb 21
4
106% Mar 11
31
July 23
43
Jun
19% Jan
9
24% Apr
18% Mar 14
-10
series—
Richfield Oil Corp
Rltter Company
400
No?
<
105% Apr 35
34% July 19
7
113% Jan
43% Dee
25
,May 18
50% Jun
3
11% Aug 21
Jun 29
29% Jan
2
"
Mar
Deo
38%
45%; Apr 22
27% May 11
.
.—1
107%
107%
13
110% Jan
Oct
111
101
.100
.«
3.60%
Preferred
108%
*106
7
16
17
v
16
125% Jan 17
24
15% Jan
33
>Apra7?
112% Feb
90%
18% Deo
July
Aug
34% Jan
Apr 9
46% Jan
31
8
25% Feb 26
1
—1
Republic Aviation Corp
.50c
Republic Pictures
.-10
$1 conv preferred
Republic Steel Corp
No par
6% conv prior pfd ser A
IOC
Revere Copper & Brass
No par
10a
5% % preferred
Reynolds Metals Co—-——No par
5%% conv preferred
;— .106
—1
Reynolds Spring-10
Reynolds (R J) Tob class B
*107%
107%
27% Jan
23
—
6
103
11
33% Feb
63% Jun 20
Mar 19
20% July
95% July
32% Mar
101% Mar
>
160
118
Inc.
95
100
1
Preferred with warrants^.
—
1,900
July 23
Jan
7% Mar
May 14
39
Aug 21
21% July 23
106% Jan
4
Rels
4,300
31
120%
35 y4
118%
103%
*30%
38
115%
43
*102
31%
12V4
28%
29
28*4
43%
103%
42%
103%
17%
37%
37%
*114
441/4
44
97%
43%
31%
17%
12 Va
12%
39%
*101%
32
31%
17%
39
38%
6
33
39
Reliance Manufacturing Co—No par
97%
*97%
105
49% Feb
78%
24
3
49% Mar
(Robt) & Co 1st pfd.
—100
Reliable. Stores Corp
-No par
*103%
Jan
24
—100
—
Jan 23
96% Mar 19
28 Va Apr
112% Feb
3
37
8
—
19
7
21% Jan
Reading Company
50
4% non-cum 1st preferred—50
K% non-cum 2nd preferred
50
200
26%
*24%
107
108%
*24%
No par
1
25
$2 preferred
Feb
15% Jan
3
109% July 16
39% July 26
-sum
Raybestos Manhattan
Rayonier Inc
— ™
39
26%
108%
*24%
50
*48%
51
12% Aug 22
87
._1
Ralston Purina Co 3%% pfd—100
31,200
9 per share
Year 1945
Lowest
9 per share
Highest
f per share
9 p^ share
s
STOCK
53
29%
29%
EXCHANGE
114
X52%
29%
30%
114%
113%
14%
14%
14%
13%
30%
59
*106%
31
■
63
62%
96%
94%
59
97%
*58
29
29%
*113%
114
93
89
573/4
573/4
107 Va
107%
30%
31%
28%
30
61
64
14%
93%
63%
5%
4,000
15,100
*56 Va
*106%
Safeway Stores
60
92%
59 Va
107 Va
H 0 CO cr*
107%
31%
7,100
29
St Joseph Lead
114%
14
133/4
900
52'A
52%
523/4
28%
114%
95%
59%
107%
29%
30 Va
114%
14 %
95%
59%
*106%
62
54
29%
14%
93%
53
114 y,
114
14%
CLOSED
53%
293/s
58
32%
59%:
3&%>
64,400
10,100
*10Va
16%
$3.40
900
57
60
34
313/4
33
10%
10%
10%
10%
10%
10%
10
10%
41%
42
42
44
43%
44%
41%
43%
43
43%
19 Va
18%
19
18%
18%
18%
18%
18 3%
183/a
21 %
20%
18%
18%
*110% 112%
18%
19%
*110%
112%
*111
112%
*111
57c
1,200
34%
*34
*20%
34%
*34
21%
21
21
112%
112 Va
series A
Sears
Roebuck
A Co.
1.100
19 Va
6,500
Servel Inc common
200
23%
233/4
23
24 Va
23
233/4
23%
233A
6,300
36%
35%
36%
35%
35%
35
35 %
3,400
31%
31 Va
31%
303/4
31%
31%
313/4
4,000
87
87
87%
*84%
86Va
86 y8
87
24
*23%
24%
233/4
24
82
*82
85
81%
82
37%
373/4
*80
86
24
*223/4
37%
37
9 Va
9
37%
9'A
50
50
55%
*81
82
18%
18%
18%
78%
78%
77
77
19%
19%
*23
70
70
47
19%
24
47
*23
*69
*45
*105% 106%
40
*38%
17%
17%
1»
5%
5%
1,100
Sheaffer (W A) Pen Co
30
53
52 %
184
553A
37 Va
A"-
53%
57
*182
185
76%
76%
19%
20%
77%
21%
24
*69
47
53%
55%
54%
184
71
17%
6'
18%
19%
*105%
5%
53
57%
*181
77
106
*105 %
39
*38
39
17%
16%
5%
53%
'%
28,600
4,000
52 %
1,500
Southeastern
59
57%
184
59
6,000
30
58%
58
*181
*181
184
,
,
,
37%
37 %
37%
37
37%
37
37%
3,500
30%
30%
30%
303/a
30%
30%
63 Va
63%
63
64
30%
61%
30%
63%
30%
59%
30%
61%
X60%
61%
2,000
12,800
57
57%
84
84
90%
28
23%
100
19%
*44
28%
*107
93
*91%
93
*91%
9
22
8%
20
19%
106
*98%
48%
28%
48%
28%
24%
?
47
44%
111%
46%
47%
*124
126
*135% 137:^
59
?
58%
,1? 45%
46%
773A
29%
1099
20
111%
28%
107%
52%
24
100
19%
*45%
77'/a
*5iy4
24%
100%
*114% 115%
.
18%
*91%.
223%
19%
47
For footnote see page
913/4
107%
:
18%
*51
78
28%;
107%
"
22
9
8%
20%
48%
28%
22%
98%
45% 46 >'
111% 111%
;
95
19%
45
i
>132
;
2,200
600
122
44%
76%
45%
110%
11,300
•
*121
123
133
-
133
46
45
46
77%
763A
29%
1073/4
*107
18%
17
18
52%
*50
52
;
^9%:
1073A
■
28%
*107
17%
'■> *51
78%
OQ
3,700
,500
8,600
22,300
2,400
107%
100
17%
6.300
52
—
No par
51
60 y8 Feb
5
3
8% Aug 22
193
.
96
Feb
15
30% Apr 23
13% Jan 29
5
27
92% Jan 14
104
15% Mar
40% Feb 20
27
July 24
20% Feb 26
'
93%Feb;26
18% July 23
33% Feb 21
112
Jan
31
41% Feb 26
110% Apr 12
30% Jan
3
Feb 26
37
28
42% Feb 26
Feb 26
62% Feb 26
20% Mar
6
Standard Oil of Ohio-——_—10
3%% preferred series A—-—i.100
Standard Steel Spring.
1
106
17
May 7
Aug 22
-50
52
/July 30?
preferred
18% Jun
3
8% May 11
28
125
conv
'
Jan
25
25
4%
,
Jun
No par
Standard Oil of New Jersey
96
19
$7 prior preferred———No par
No par
Standard Oil of Indiana
48% Jan
55% May 27
July 11
48
May 15
84
i
Dec
15
Jan
91
90% Jun 18
3
12% Dec
46%
22% Dee
24% Jun
Mar 13
Feb 26
Jan
Mar 13
70% No?
36% Dte
15
Aug
22% Jun
Feb 20
33%
,22%
54%
48%
9
11
22% No?
44% No?
21% Dec
81
Jan
79% No?
July
Aug
30% Feb
14% Aug
41% Jan
61
May 31
20% Jan 11
85% Jun
7
27% Feb 16
59% Feb
1
May 8
39% July 3
33% May 27
70
Jun 13
65
Jun 17
May
21% Deo
28>,f':Deo?
25% No?
5% Mar
32% Jan
3
Oct
Jun
65%
Dec
Dee
108
Feb 20
5% July 23
30% Mar 2
24
24%
24V« Apr 17
21
15% Mar 14
175
59
6
56% Jun
:
28
Feb
Standard Oil of Calif
14% Feb
8
114
$6 prior preferred?:
Jun
34
,
100
,100
Standard Brands, Inc—No par
$4.50 preferred
26% Apr 29
May 16
43% Jun
3
66% Jun 26
44
Aug 22
104
25
Standard O A E Co $4 pref—No par
Jan
17
87
19
July 24
22% Jan
5
-7.50
Spalding (ATgiBros JncL^-iil
Sparks Withington
No par
Spear 8s Co_
———1
$5.59 preferredNb'pof'
Spencer Kellogg A Sons
Nb pat
Sperry Corp (The)——.
Spiegel Inc—
•'
? Conv. $4.50
preferred—,—Noipar ■
Square D Co—
^i^-3
Squibb (E R) A Sons common/—-1
$4 preferred
No Par
,600
11,700
Jan
Jan
54
No par
300
44%
43%
57%
29
28%
44%
56%
*107
—
110%
:
134%
46%
78%
*114% 115%
45
46
*51%
16,100
44
,
.
57
52%
24%
100
19%
'
£ 42%
120
125
45 "
55%
18%
3,800
Jan
12% Mar
74
May
13% Jan
38% Jan
-
300
28%
23%
100
115%
58%
18%:
48%
27%
19%
45 ?
*114%
5-73/4
77%
700
■
48
137
23%
19%
.
45%
45%
•lllVa 112
*135%
28
98%
47'
4,900
*47
47%
27%
25%
115%
8%
19%
*98% 105
7% Sep
16% Jan
39% May ll
91 Va May 18
20
No par
5% non-cum preferred
Mobile & Ohio stk tr ctfs
"
20%
47
125
47%
100
*114V2
45 Va
19
105
32% Apr 18
40% Feb 16
Jan
66
20
Southern
2,300
8%
8%
18%
*98%
105
21%
21%
U4
77
No par
preferred—————100
Southern California Edison.
120
93
*18%
21%
21
17% Mar
107% Oct
23
Greyhound lines——3
Railway
8
■
22% July 11
24% Jan
113% May
17% Feb 26
Southern Pacific Co
800
52%
Dee
41% Feb 26
Southern Natural Gas Co
4,000
82%
100%
v
18%
f
55%
82%
28%
-
*111% 113
46%
47 Va
125
125%
136
136
57%
58%
< 45%
46%
v77%
55 Va
85
*48
20
45
55%
*82
83/4 •
28%
nii% 115%
45
57%
82%
19%
4
48
24
56
82%
*98%
19 Va
100
58 i
823/4
22%
*98% 105
48
57%
5
8%
-
37%
913/4
1
90%
22%
*19 Va
37%
823/4
22%
8%
'
8%
Mar
No?,
No par
No par
Iron
7
37
Dee
71% Dec
30% No?
20% Jan
26% Jan
South Porto Rico Sugar
184
51%
52
52
10
40
,17%
5%
5%
900
106
:
5%
&
61% No?
/ No?
65% Oct
22% Aur
29
23% May 11
8Va Aug 22
Smith (A O) Corp
,
—10
Smith (A) & Sons Carpet Co
20
3%% cum preferred100
Smith & Corona Typewriter-No par
Socony Vacuum Oil Co Inc.
18
South Am Gold & Platinum.
1
700
45%
*38%
17 Va
17%
4
Steel
*42% Feb
8
Aug
2
18% Aug 22
-.—13
—
Sloss-Sheffield
Aug 14
77% Feb
20
$1.20 preferred—No par
68
44%
45%
;
Skelly Oil Co
800
4,700
24
*67%
69
44
106
Sinclair Oil Corp
17,900
20 3/4
*23
47
17%
'
77
20%
.
107
*38
'
183/a
Oct
14 %
110 % Aug 14
.
Simonds Saw & Steel
100
56
No?
28
49
3
Silver King Coalition Mines
Simmons Co
18 Va
233/4
67%
48 3A
5,500
2,600
56
115% Mar
14% Dec
35% Oct
-No par
83/4
Jan
19% July
39% Apr 18
17% Feb
8
49% Apr
9
27% Feb 26
Shell Union Oil
*53
56
*23
71
47
393/4
ai8%*
18
77
*23
106%
483/4
*52
18%
183/a
19%
*383/4
17%
•
483/4
57%
3,600
47%
8%
36%
37
110% July
8% Mar
16
2
No par
13
36%
8%
36%
8Va
50
*54
24
*105%
36%
9
50
55%
18%
9
50
60
48%
*57
Jan
28
*37% Jan
18% Aug 22
1
'
9
36
—No par
Sbarpe & Dohme—
——No par
$3.50 conv pref ser A——No par
Shattuck (Frank G)
No par
300
23%
83
223/4
*81
180
6
Sharon Steel Corp
31%
82
37%
Aug
Jan
61
July 11
110% Jun 28
Aug 22
26% Feb 25
'10
1
Shamrock Oil & Gas
35%
23%
7
23
1
36
*84%
Jan
No par
$4.50 preferred
24
31
18
'57
'
5
31
23%
♦35 Va
-
No par
20%
3
53
100
3
116
106% Aug 12
28
Aug 23
No par
Seagrave Corp.
112 Va
19
19
18%
preferred
Seaboard Gil Co of Del—
2,100
3
76% May
No par
No par
64
May 8
34% May 29
Mar 30
Jan
12 Va Jan
—No Par
Seeger-Sunbeam Corp
Seiberling Rubber Co
20%
20 %
20
19%
19%
pfd
Seaboard Air Line ctfs—
36.000
19 ya
*34
cum
113
5
1.75
Schenley Distillers Corp
Scott Paper Co
110
28
5
100
Savage Arms Corp..
400
59
107%
52V4 Aug 23
24% Feb 26
10
—
preferred
May 13
July 16
51
May 24
40% Jan 30
39% Apr 10
109% Api 10
24% Apr 25
55
116
55
May 10
Mar
9
May 13
115 Va Mar 21
60% May 28
135% Apr
5
149% Apr
6
59% Aug 13
49% May 31
78% May 13
29% July
13% Jan
26% Jan
37
No?
17
24% Dec
.
Jan
36%
Dec
60% Dec
No?
38% Jan
62
32% Jan
60% Dec
87% Dec
64% Jan
80% Jan
11%
Jan
6% Mar
7%; Jan
80
Feb
32
Mar
27% Jan
12% Mar
76% Jan
39
Dec
107% July
28
111%
20
Dec
95
Sep
44% Nov
39
Dee
23% Dee
99% No?
40% Dee
Dee
116
49% Dec
115% Aug
33% No?
121
Deo
134% Deo
78% Jan
38% Jan
56
Dec
Jan
67% Jan
33%
93
21% Dec
12% Dec
Jan
2% Jan
Jan
;Jan
July 11
17
Feb 16
9% Jan
56
Jun
,4
Dec
7% Dee
NO?
25
30
£8%
180
19% Aug
105% Deo
108% Jan
40.% Oct
>
4% Aug
20% Aug
40% Apr
155
Apr
49% Deo?
44% Deo
;
,
68% No?*f.
27
Oct
108
No?
20% :DeO'/M:
;
•
«;S3«t?WW*3K> it
U4J35f|f,PKC".v«9'
monmm
•
Pf-14
|M'V|
-V' 4
t
ft
'
;i,,i :tf:
ic'"
THE COMMERCIAL & FINANCIAL CHRONICLE
1AQQ
'.'•
.: -J-
.
Monday, August 26, 194(j
iwO
STOCK RECORD
■'
11/'
' :"
•
■
'^p ''
/
-
BALE PBICES
LOW AND HIGH
j)rt%fy..
Monday
Aug. 19
Aug. 20
Aug. 17
:1 #48
STOCK
;i
.
*48%
4 49 %
54
21;
CLOSED
*109
21%
'
21
53%
54%
109%
21%
109%
*108j4 103'/a
EXCHANGE
49%
;
'54
54:.
,
49%
54%
103%
49%
-■•
^
49
49 %• '-
49
*109%
*109%': 110
•
4,600
19%
20%
20%'
21%
Steaart-Warner
33%
33.
33%
33
31%
32%
32%
33
*21%
21%
21%
21%
*21%
21%
21%
21%
400
19%
20
18%
19%
19%
'5,300
31%
31
31%
28%
30%
30
19%
30%
Stone
20
17.800
Studebaker Corn
31
21%
19%
31%
18%
18%
17%
2,800
19%
31%
*70%
106%
71
*124%
125%
124%
10%
10%
10%
55
55
*105%
*54%
17%
17%
125%
124%
10%
10%
10%'
53%
54%
54%
55
16
17
16%
17
7,200
29%
1,600
17
17%
30
30
148
148
*140
55
55
50
48
47%
48%
47
-
.
52%
53
53
46
47
38%
39
32%
33
32
32%
30%
30%
32%
32%
38 %
32%
32%
31%
32%
38
•
27
July 24
Mar
-
.
36
Mar
38
Jan
,10
UU—
M
3,400
2,100
Syivania
30%
30%
*108%
109 %
107%
108%
250
11%
11%
11%
10%
11%
11%
11%
3,400
15%
16
mi
1—
No par
No par
1
Elec Prod's Inc:
preferred—
Symington Gould Corp
$4
11%
11%
11%
15%
15%
*15%
16%
500
Talcott Inc (James)
10
10
?10
10%
*10
10%
10
10
10
10
400
Telautograph Corp-—
22
22
20%
20%
20%
21
1,300
Tennessee
V;
16
16
*15%
''
21%
21%
67%
68
67%
68%
67%
681/4
66
67%
66%
67
7,400
Texas Co
14%
14%
14%
15
14%
14 ■%
13%
14%
14%
14%
3,900
Texas
53
54
537/a '
55
54
551/4
53
54
30%
Hv
21%
21%
30%
30%
30%
30%
30%
29
30%
3,600
3,300
Texas Pacific Coal & Oil
10
22% Feb
3,400
Texas Pacific Land
Trust
-1
1,300
Texas & Pacific
20%
20%
20%
21%
19%
201/4
20
57'A
57
57
58
58
54
56V2
55%
55%
39
39%
39 %■
40
400
55
56%
54
56
570
23
200
*38%
42
*40%
39%
42%
60
59%
59%
56
577/a
23
*21%
23%
23
23%
14%
59%
597/a
17%
17%
18%
18%
58
14%
60
*59
60
17%
16%
17%
*17
17%
18
18
171/2
300
>
58%
8%
8%
*50
52
581%
57
111%
*111
14%
17%
58%
8%
*49%
50 %
100
23%
8,500
111%
23%
23%
23%
23%
23%
23%
110%
110%
110%
110%
110%
110%
23
110%
110
3,400
14
Dec
13%
Dec
13
3
18
3
60% Jun
July 11
3
2OV2
Jun
May 28
30%
Jan
55 %
May 15
14% Mar
31%
Nov
Dec
54
1
Aug 23
61% July 26
16
No par
Mar 14
30 »/4 May
50
Feb
64%
8
7
112% Jun
68
Jan
29
24% Apr
20
May
Feb
July 23
16% Feb 26
66% Jan
_2
44% July 12
71
83/4
9%
9%
91/4
II,200
13.2%
>113%
113%
70
19%
113%
19%
112%
19%
19%
*19%
52%
53%
53%
53%
54
19%
19%
54
67%
65%
105%
20%
20%
20%
68%
105 3/a
20%
60
60'/a
60
60
19%
18%
18%
105%
*19
59%
*18%
*
19%
52
193/4
*18%
*58
173/a
18% "
19%
prior pfd
City Rapid Transit
5% conv prior pfd—.
370
Twin
1,000
Coach Co
/
Wednesday
Aug. 21
101
9 per share
Nov
Oct
50
Apr
66
10
Mar
23
Dec
26
Jan
79
Dec
Jan
7
33
Dec
12% Jan
29
5
Jan
10%
8
103
Jan
112%
Dec
Dec
Mar
18%
Jan
16% Jan
7
22% May 28
10% Mar
17
Dec
3
63% May 11
26% Mar
45%
Dec
3
79
May 11
34% Mar
56
Dec
—I
102
10
106% Jan
May
9% Jan
Jan
Dec
106%
16
14% Jan
4
24
Apr
30
50
3
71% Apr
30
42
Oct
82%
17% Aug 22
26% Jan
29
14%
Jan
25%
Jan
Dec
Dec
Range for Previous
Year 1915
Range Since January 1
Lowest
Highest
STOCK
Lowest
.
Highest
S per share
$ per share
Par
Shares
9 per share
Dec
107%
Sep
49% Jan
EXCHANGE
the'Week
Aug. 23
Aug. 22
YORK
NEW
Sales for
Friday
Thursday
9 per share
tper share,,.
25
STOCKS
LOW AND HIGH SALE PBICES
Tuesday
Aug. 20
Jan
9
114
102% Apr 23
—
—
Jun
16%
39% Jan
No par
No par
50
Twin
500
18
18
Film Corp
61%
33% Feb
July 25
8% Aug 22
Mar 20
No par
No par
No par
Corp
Pox
pr>ferred
$4.50
59%
19%
*58
Cen
$1.50
2,100
681/4
5#%
19
20th
Dec
Jan
21% May 20
111
preferred—
Truax-Traer
105%
19%
60'/a
$6
1,100
68'A
•104% T05%-
23
1
No par
Tri-Continental Corp
32,500
*104%
66 3/4
66
19%
551/4
19%
54%'
St'l——No par
Transue & Williams
500
25
*23%
24%
54%
*104%
67
65%
*104%
*23%
9%
31
15
50
tTransamerica
Transconfl & West Air Inc——3
9%
66% Nov
112% Nov
14
1,700
23¥4
/a
Jan
4%
20
26% Jun
112
8
22% July 29
2,200
Corp
Jan
July
106% Oct
29
106
Timken Roller Bearing*——No par
13
45
12
13% Jan
Dec
Dec
Dec
15 % Mar
19% Dec
r
10% Aug
21% May 14
18
69% Jun
18% Feb 26
5
new
53 % July
9
48J/4 July 15
No par
—
16
20% Jun
20
Mar 14
10
Axle
Feb
70
Jan
17
16
8% Apr
9% Mar
18%
17"% Feb
13% Aug
6
58% July 30
49
113%
Jan
*1% Nov
31% Nov
48
9%
Dec
10% Dec
62
32% Jun
3
26% May 10
25
49
23%
6%
5
19% Dec
36% Jan
18% Aug
13% Jan
47%
*112%
7% Jan
11% Jan
48% Jan
68% Aug 21
50
.
7% Jan
15
7,300
9%
24
28
Jan
17%
113%
I per share
Dec
231/4
9%
9 per share
13%
53
*112%
Aug. 19
Jan
17%
9%
Monday
"7%
22%
23%
Saturday
Aug. 17
38% May
43% Nov
52 J/4
9%
*18%
Apr
17%
23%
»
29
231%
*49
66%
31% Mar
11
523/4
49%
*104%
28
Feb
173/a
49
t*
Nov
22%
50%
'
3y%
52%
50
'
Apr
18
:
1
*112%
Dec
30%
23%
18
24
24%
53
531/2
17%
i
40
17%
23%
53
18%
Dec
Jan
53
23%
53%
18
23%
-
Dec
Aug
23%
24
X53%
Dec
137
50
Water Associated Oil—
Detroit
33
Jan
65
-
preferred
Dec
Aug
25
10
25% Jun
107% Apr 15
8% Aug 22
$3.75
22
79
7
div conv preferred
Timken
Dec
25%
26
12
Tide
9%
Mar
Jan
49
140
'
10
18
19% May 16
preferred —
100
Thompson-Starrett Co—.—_No par
$3.50 cum preferred
Nr par
3,100
*109%
22%
8%
8%
'•
127 % Mar
5% Aug
Feb
4%
40
22%
52
110%
*110
111,,
'8%
8%
49%'
49%
pfd—
Avenue
Oct
Nov
27
Transit Corp-No par
Third
II91/2
Dec
Dec
73%
42
Thompson (J R)—
-23
Thompson Products com— No par
1,200
58
57%
111
$2%
230
:
Aug
100
Thermoid Co common
I,500
181/4
17
*17%
58'%
*50
52
13%
59%
112
8%
8%
8%
*50
14%
61
18%
58%
*111
111
14%
60
17%
17%
$2.40 conv
57
10
109
No par
No par
Ry Co
Mfg Co
The Pair
1,300
14%
14%
*18
58
111
*21%
23
60
14%
*59%
14%
*21%
Thatcher
Dec
r31
4
16% Jan
20%
Apr
16% Jan
26
Jan
109
May 28
41
Feb
53%'
Dec
161/4 Nov
May 17
109% Aug 20
4
91/2 Mar
33%
18%
36% Jan
8
Jan
48
Jan
Aug. 21
24
52
Producing——
Sulphur..
-No par
NOV
181/2
Dec
Aug 22
41'/a Feu
5
July 23
29%
57
*21%
Gulf
Oct'
24
55
17
29%
x52 %
20%
*59%
(The)—.
9
22
Jan
21
11% Jan 25
-8
5
5
.25
1
—
Jan
10%
55%-Apr
10% Aug 22
Texas Gulf
20
*40%
Corp
Jan
18%
May 24
5
Jun
10%
17
160
21
31% Mar
13
35% May 29
5
28% July 24
107
Dec
13
24
19% Aug 22
37% Mar 4
Swift international Ltd———
32
30%
108%
*15%
„
Oct
Nov
56% Aug 12
Aug 22
115
45
106
Feb
14
1
par
Dec
47
Jan
124% Aug 13
26
16
16
78% Jun
Apr 18
7% Feb
31
Highest
$ per share
38% July
1
24% May 28
26
44% Apr
AUg
34% July
101% Sep
23% Apr
110
23
100
ao
3,900
108%
31
117
10c
32%
32%
32%
OWilt,
Feb
15
34
25%
28'/4
23
Mar 18
64
12.50
Oil
«utherl»*nd Paner
101
8
Jan
106
100
1
cum)
(Tne>
Co
63
May
109% Aug
26% May
39% May
16% Feb 26
1
38
37%
109%
109
109
109
38%
38%
39.
I
:
Sweets Co of Am (The) new_$4.l6%
500
20%
*19
(4% %
14:
18% July 23
26% Feb 26
of Calif
Superior Steel Oorp„
1,000
21
(The).
21
Corp_.
Superheater
800
47
Oil
Superior
300
148
1
Sunshine; Biscuits, Inc--—i.
Sunshine Mining Co
1,300
:
*141
148
19%
38%
29%
29%
29%
Sunray
33,500
>9
par
Corp——
Class A pfd
30
124%
10%
3
*
t per share
53 % Jun
19% Aug 22
24% Jan
7
$4.50 series A preferred—No par
Sun oil Co—aio par
500
*124%
55%
55
46%
72
*71%
26
-20
.—-No
Websier—a
<x
Chemical
Sun
110
71%
55-
147
*52
54
46
106
106
106
X71%
17%
29%
146%
147
46
17%
18%
'
71%
*124% 125%
10%
10%
124%
10%
29%
*52
18
*104
55
17%
29%
19
106
71%
72
7
18%
*104
106
71
29%
*140
»
19
19
*104%
;
Feb
41% Jan
6
Year 1945
Lowest
$ per share
105% Jan
-5
100
Stokley-Van Camp inc..
5^ /prior preferred---.-
4,200
32%
41
No par
Corp——
21%
19%
L 8.
(The)
Sterling Drug Inc common
3% preferred «——mi—^
100
$ per share
Far
Starrett Co
.
Range Since January 1
Lowest
Highest
•,
.
>■,
•
2,700
109%
-
21%
33.%
20%
?oo
•
53% '^53%
53%
52
'49%
Bknge for Previous
STOCK
EXCHANGE
/
.
Shares
I per thare
I per thare
J pershare
shaft
$ pet
9 per share
-9 pet there
Aug. 22
Aug. 21
the Week
"Aug. 23
STOCKS
NEW YORK
Sales for
Friday
Thursday
Wednesday
Tuesday
....-
r.,
$ per share
58% Jan
$ per share
u
65%
65%
66 H
65%
65'%
63%
65
63%
63 3/4
18%
19 ■
34%
35%
110% 111
*112% 113%
*io9
111/
18%
19
18%
18%
17%
18%
17%
18
ffe, STOCK
<■%
EXCHANGE
>l
35%
37%
36%
37%
34
35%
36
36%
5,700
106
107%
5,500
•
'•
CLOSED
*
-
t
-f
•-
i'v,
-
107
-
~
:
25%
116
27%'
149
116
113%
*112%
*109
111
-109
111
*109
107
107
107
*106%
107
106%
25J%
150
-
"
*115
;
38J%
28
*112%
1131/4
*112
41
-
*51%
*78'A
*31 J/4
25%
147%
-
115%
*115
38%
25%
-
6,000
j
2,100
23%
27
273/4
28
28%
113%
113
113V4
4%
403/s
40%
413/e
52
51
51%
79
5%
77%
77%
*75
77
*31 %
323/4
*31%
323/4
10%
103/4
103/s
103/4
12,100
43A
4%
43/4
4%
30,300
300
'
*31
v
10%
10%
4%'
49%
15%
15
*
101
17 "■«
17%'
49%
r
49%
5
102
50
108%
13%
15%
26%
26 J/4
106%
106%
r
20
5,400
15
153/4
16
16%
3,800
102
102%
103
105%
210
1,000
Xl6%
49%
17%
50
52%
50%
523/4
52
53%
11,700
24%
24%
24%
24%
24%
1,500
United
14,400
; United
21%
19%
108 3/4
109%
20%
19%
1083%
13%
13%
13%
15%
143/a
15%
26J/4
27
23%
25
24%
106%
106%
*106%
108
*106%
19%
19%
19%
120%
202
*41%
122 f
*202
-
43J%
*41%
123
205
*202
43
»,7
193/4
*40%
133/a
W'
,
120%
120
.
19,100
,
243/4
3,900
80
19%
1,100
>
120
41
,
'
70
98%
/
52%
51%
52%
10%
10%
*10%
10%
33%
33%
24
25'A
11
*51
*103/4
513/4
52
.75%'
75%
59
59%
123/4
133/S
■■V 34 •'
52%
*10
34
34
24%
25%
24s/a
103/4
11\
HP/4
52%
52%
76
*73
90%
*96%
52%
503/4
50 3/4
51%
51%
800
103/4
10
10
10
10
600
34
33%
333%
33
33%
1,200
X22%
243/8
233%
15,100
*103/i
11
*10%
233/4
11
253/3
10%
100
,
*51%
53
51
51
50%
76
*72
76
74%
100
400
51
*72%
'
;
74%
583/4
59
59%
59%
58
583/4
59%
13%
13%
133/4
12%
13%
71%
71%
68%
703/4
12%
70
13
72
'172% 172%
5?%
58
1743/4
172%
U s
.
3,600
/ U
*
71%
171%. 171%
56% - 58
70%
*84%
87
89%
88%
1603/s
161
26%*
253/4
i 53%
*52
70%
*85
174
57%
87%
89%'
*843/4
"25%
•
7%
14%
14%
57
86'%
88%
*52 I.
58
*843/4
90%
160a/4
>
253/4
53%
*7%
*52
*173
573/4
,.1603/4
29:
90%
1603/4
160
174
85
,
159%
26%
86%
V
14%
*113%
7%
143/a
118
10
10%
*50
52%
23%
23%
133/4
133/4
fl03
196%
/104 >;
196%
7%
14%
*113% 116 :>
1010%.
*50
23%
.
114%
10%
523/4
*50%
23%
23%
15%
13% ■ 143/4
102 % 102 /
/198
198 s
\
104.*
>195
7%
26
15
263/a
,53%
10%
53
14%
26%
*52
■'#*''
10
51%
24%
23%
23%
■15%
-14%
1043/4.:.
200
42%
42%
43%
43%
44*
99
99%
99%
99%
99%
15
42%
98%
198
'43%
99
:
85-%
29,800
1,800
26%
:
'
■
.
15
3,000
"5,700
/
:l,000
*103
104%/f
198
:
4%
■
/T
240
•
50
3.500
330
t
52%
Dec
53% Aug 23
July 23
3
30% Apr
1
22
Feb
6
:
4
13% 'Jan
10
Aug *15
23
106 y«
110 Jan
Oct
109% July
,
2
2
132
May 29
204% Mar 4
47% Apr 20
98% Aug 22
62' 1 May 22
13% Jan 29
44 } Jan 29
25% Aug 21
11% July 23
29% Feb
:
Jan -11 '
26
Feb 26
:
98% Aug 22
47% Mar 13
33 * Aug 23
13% Jan
2
.
1
'
6% Mar
41
v
12% Aug 22
.
80
187
Jan
:
Feb 25
31
8% Jan
38
■
5
—e
y..
28
Nov
115
Dec
115%
Dec
34% Nov
)<•-—
'■
38%
Jan
55%
Dec
12%
Dec
39
Dec
16%
Dec
6% Mar
30%.Mar
7% Jan
35
Jan
57
Dec
46
Jan
67
NOV
27%. Jun
48% Dec
51%
73%
Jan
144% Jan
Oct
Oct
176
52
Jan
77%
Dec
72
Jan
89
Oct
58%
Jan
135%
85%
Dec
Jan
160
Not
23%- Aug
32
Not
46
50% Dec
Sep
8% Dec
:
Jan
4%
Jan
16%
Dec
98 Vs Jan
12IV4
Dec
Hit
11% July 22
July 25
27% Feb
7
22
Apr 16
54
r;.:
July 24 /
05% Aug
97% Feb
*
Feb 16
55% Jun 17
93/4 Jan 28:
20% Apr 19
128
Jan 24
May 14
187
6
6
11
29% Jan 14
;
16
Jan
25
Dec
9
Dec
110
Dec
No*
5% Jan
Jan
200% Apr 23
i78> Mar
200
10
23% Aug
110% Jan
94% Feb 26
,
Feb
166
21
Aug 23
21
77
13% Jan
Dec
107% Nov
1
Apr 22
84% Feb
89
Feb
6% Aug 22
13% July 15
106
Mar 25
10yaJuly23
50
17%: July
:
4
July 22
„•
:
Apr 24
67% May
5
84
Jan
.-Tan
;77
-
36% Aug ;19 :
82
Jun 18 •
79%'Jan , 3
.
Dec
13%
26%
60% May 31
:
12
Feb 26
60% Jan
.
Nov
Nov
>11% Jan
103 % Oct
16% Apr
15% July 11
32% May 29
July 23
19
25
112
,18% May 17
.
25% Aug .20
60
'Jan
4
conv
V
Jun
Dec
Jan
66
49%-Jan
101
Apr
10
9
-75%
—
48% Deo
—
*•**■
x-
1099
Jun
33%
154
No par
Laboratories
14%
28
Feb
*80
Inc—1'
i' Universal Leaf Tob—
-NO par :
' 9% preferred-- —*-——*—100"
Universal Pictures Co Ine^.——1'
4%% preferred —100
Universal
Jan
Jan
166
Wall Paper
cum
9%
56
50% Aug 23
Inc——*-4-2
pfd——*——50
Universal-Cyclops Steel Cotp-*—1
United
Jan
17%
10% Aug 13
Corp /Common—t.No
Dreferred
conv
50% Nov
38%
881/2
26:
100
*——100
US Tobacco Co—i————No par
7% non-cum preferred—*
23
United Stockyards Corp
1
United Stores $4.20 non-c 2d pfd_5
$B
200
-2,300
•
•195
423/4
99%
v
10O
;?5o%
*
Nov
Jan
9% Mar 14
*-50 ■
par I
Preferred
Dec
5
.
1Q% May
199
,
Preferred
2,700
1,200
U S Smelting
/ U S Steel
53
233/8
42%
99%
:
13
1% Jan
1
16
64% Mar
preferred.
Ref & Min-T
Dec
26% Feb
7% July
36
12
56"% July 25
108
-20
1st
Dec
"
;
U S Rubber Co-—-——.l-—■
non-cum
Dec
82
21% Feb
106.
.
Plsstyin^ C^rd
>
S Plywood Corp
————1
S Realty Sheraton Corp.
-1 :
8%
200
87%
15
-
2,100
1601%
23%
U
105%
*195
50
:
600
14%
14%
"120
*110
9% Zio
14%
118
934
'6,000
r
*48%
99
footnote see page
63/4
114%
42%
For
■
86%
160
'
*52
53%
85
87%
160
•
7%
58'
*
U
7,000
71%
173%
58
Dec
40
29
May
.16% Aug 13
106%'Mar
10 :
Pipe 9s Found
Dec
62%
7% Jan
'
U 8
200
60
13%
1,300
.
Dec
38%
120
17% Apr
19% Aug 22
Chemicals-—No par '
—
Jan
22% Mar
66
Jan
:
105% Aug 23
50
Co...—-—--No par
conv cl;A——i-No par
Co-..——
-1
preferred .1
Sep
Mar 13
23V4 Jan
Co—13 %'
U S Leather
4%%
Aug
31%
45% Mar 11
20 :
100.
U S Hoffman Mach CoTp———5
4%% preferred .i.—
100
•
25
104
8
45% Nov
16% Jan j.3
;
V 8 Gypsum Co——:———s
7% preferred——.—
U S Lines
28
40
.
9% Mar 13
Partic &
Aug
18
57% May 10
91% Apr 23
3
14% July.12
23
Jan
3
,
Dec
29
27%
*
Merch &.Mfrs Inc new com
U S Industrial
i
Nov
9
71% Mar 16
—5
preferred
t————100
Faperboard—s——-lft
Rexall Drug, Inc—
2.50
.'USA: Foreign $ecur—U
NO par
$4.50 preferred -4———No par
U s Freight Co—pat
Dec
151
112%
Jan
37% Jan
119
3
12
-*
5%.
500
42
4V8 Jan
47% Jan
100
—
Jan
100% Jan
54% Jan
Aug 22
United
•
421/4 Jan
30.
Feb 26
10% Aug 22
.
.
116
20% Jan
109% Jan
.
120% Mar 11
72% July 24
1
—5
—«
Gas improvement
29
May 11
168% Feb
7
:
24
United
900
205
-
*202
42
1,600
14%
108
19%
205
200
109%
133^
.
——
27
United Engineering & Pdy-.
5
United Fruit Co 'new——No par
800
20%
108 3/4
13%
15%
i
112% Jan
30c
Electric Coal Cos..
United
173/a
50
108%
,
i 123
.
Preferred
23% Feb 26
:
2
140% Jan
33% Feb 25
par
Oct
Dec
May 1
107% Jun 28
106% July 24
par
United Dyewood. Corp
:
17
20
20
preference
50
107
*1061%
$3
50
20%
151/4
123
43 J/2
495/3
15%
17%
49%
Apr 18
115% Jan 17
26%
102%
110
26
par :
United Corp common—
52%
13%
.
27
202
t
49%
,
_
102%
27
13%
.15
122J/4
*41
5
49%
"
108%' 108%
204
121%
*202
11
'24%
52J%
25 "
20%
32%
10
25
109% Apr 13
35% July 15
No
United Carbon Co—
No
Unlted-Carr Fast Corp——No
United Cigar-Whelan Stores
50%
50%
21
13%
19%
*17
17%
50
*17
51%
i&M
:
15%
102
24%
»
21%
20%
49%
15%
..,15'A
'*101
51%
*108 J/2
'..r.
4%
25
51%
*24%
i
10%
49%
49%
*
,
*31%
11
4%
5
49%
101
10%
Jun
Feb
98% Feb
3
100
10
A
14% Jan
78% Jan
111% July
125
111
37% Feb 26
Biscuit Co——
United
600
Oct
77
16
May 29
106
100
preferred—
conv
39
3
No par
United Air Lines Inc
8,100
:
preferred—i
non-cum
United Aircraft Corp—
200
50
Paper*
-No par
Carb— No par
Union Tank Car
8,200
*112
39%
23% Apr
Jan
pfd $4.50 ser No Par
No par
Preferred $3.50 series—No par
Union Oil of California——
—23 :
Union Pacific RR Co.-i—
100
100
800
113%
53%
79
;
38
41%
32%
53J%
80% May 27
July 23
Union Carbide &
70
149
38
38%
63% Aug 22
17
23
No par
Co
Preferrd $3.70 series—
*112% ■115%
115%
38%
Union Bag &
'Un El Co of Mo
253/4
25%
149
149
401%
791%
33
251%
150
107
*51%
41J%
52%
80 %
,
111
*
*
700
113%
281%
28 J/4
41J/4
;! 80
>112%
38 J/a
38
28 J/4
V
149
'
116
-
113 J/4
52 J/a
104%
113%
108
'
39
*111%
111 '
110'%
*112%
*106% 107 '
25%
25%*
25%
39
41
*109
150
*115%
;
?
110% 111
*112% 113%
107
148%
,
>_5
Underwood Corp.
*
Union Asbestos Rubber
3,600
65%
*
11
■■
•»—.*
1
"
Mi
.Volume 164
THE COMMERCIAL & FINANCIAL CHRONICLE
Number -4519
NEW YORK STOCK RECORD
LOW AND HIGH SALE PRICES
STOCK8
'
Sper share
Wednesday
Tuesday
Monday
Saturday
Aug. 17
Aug. 20
Aug. 1.9
9'perWdta
Aug, 21
v
I per1 share
Thursday
I per share
I per share
Sales for
Friday
Aug. 33
Aug. 22
NEW
I per share
ItUKK
Range tor Previous
STOCK
EXCHANGE
the Week
Range Slnee January 1
Lowest ;
Highest
.
Shares
I per share
,
Year 1945
.
Lowest
V f per share
I per share
Highest
$ per share
Vanadium .Corp of Am——No pat
"27 V2
STOCK
♦21 Va
Van Norman Co
EXCHANGE
*49VA
Van Raalte Co Inc
CLOSED
10
Vertientes-Camaguey
Tick Chemical Coj.
22 VA
Sugar
Co_6%
——.2.50
Vicks tonreve St Fac Ry
5%
100
preferred
non-cum
100
Victor Chemical Works
9
_
3%% CUm preferred
9%
♦90
41
41
♦157
167
♦15,7
167
185
♦175
185
♦175
52%
«42VA
.
Virginian Ry
43
42'/2
♦171J/2
♦
No par
6%
100
—100
pfd—_100
Co
28
preferred—.»<*..*—.**25
Vlsking Corp (The) class A
Vulcan Detinning Co—
'167
♦157
•
El
Va Iron Coal & Coke 5%
97
♦41 y4
43
41
Va
Chemical
dlv partlc preferred
& Pow $5 pref...
t%
121%
52 Vz
52%
41
91
121 VA
♦90
97
♦42 V*
43
♦
12V/2
52%
52 y2
52 y2
*42 VA
91
91V2
121 Vz
♦90
97
Va-Carolina
10
♦SO1/*.
121 y2
♦121
100
Preferred
185
5
—_100
________________
100
♦73y4
78
73 VA
78
75
21%
21%
♦21 VA
213/4
21
21
213/4
Waldorf
No
par
443/4
443/4
♦44%
45%
44 y2
44 y2
43%
No
par
♦107%
1093/4
107%
109%
♦107%
1033/4
1093/4
Walgreen Co___——
4% preferred
148
147
147 VA
148'/a
145
Walker
No
♦73 VA
147 Va
78
148
Wabash RR
(Hiram>
193/4
15
16 VA
♦107
♦19%
193/4
♦193/8
19%
193/4
15 y4
♦193/a
15%
15%
15 VA
15%
15 yu
Walworth
16
Ward
16 VA
163/4
1073/8
107%
16%
108
44 Va
443/4
443/4
32%
32%
♦32%
28%
46
16
16y2
♦107y2
108
45 VA
Dlv redeem
45%
preferred
100
100
G & W
preferred
par
No par
_No por
Co_
Baking Co
5Vz%
107
48 %
4%%
System
1
common.
preferred
Warner
100
Pictures
Bros
5
33 VA
33
33
32%
Warren Pdy
28 Vz
27%
27%
27 Vz
27 Vz
27
Warren
♦33
33%
33
333/4
32 Vz
32 Vz
33
Washington Gas Lt Co
♦25%
26%
263/4
203/4
♦25 Vz
26%
26
Waukesha Motor Co
♦40%
41%
41%
41%
♦41
42 "
41
Wayne Pump Co
14J/a
14%
14%
Webster
41 VA
41 VA
42
Wesson Oil & Snowdrifts
39
No par
Indies Sugar Corp
..1
West Penn Electric class A—No par
7% preferred
100
♦88%
38
♦118
89
39 Va
39
38%
14%
14%
14%
41 VA
41
♦87%
42
89
383/4
♦873/a
88%
♦873/a
36%
39%
373/4
38%
118%
118
118%
116'A
117
115%
1153/,
116
116%
122
120
122
120
122
121%
121%
120
121%
114%
114%
114%
114
114
♦113y2
114
♦113 y2
117%
117%
117%
117y2
117 VA
117%
117%
116%
117%
44 VA
443/4
44%
44 Vz
44%
113
114
♦113
46
114
♦44s/4
44
114
113
46
♦113
114
113
No par
Corp
9
No
par
8
1
_
Tobacco
Inc
0
No par
$4 conv preferred—
♦114%
♦44
Pipe
West
39%
♦120
116 Vz
&
Petroleum
6%
114
West
preferred.—_
100
Power 4%%
Penn
pfd
100
West va Pulp & Pap Co
4Vz%
114
No par
100
preferred
Western
Air
Western
Auto
Lines,
Inc
1
Supply Co
Maryland Ry
non-cum 2nd preferred
10
Western
♦20
21%
48
97%
33%
337/8
♦19y2
4%
Western Pacific RR Co
48
97%
21 Vz
Preferred
series
Western Union
,
Teleg class A_No par
Class B_.
No par
No par
36
Westlnghouse Air Brake
30'/8
303/a
Westinghouse Electric Corp:
♦393/4
39%
12%
57
Weston
40
40
Westvaco Chlorine Prod
105%
105%
63
63
103%
105
55
55
70
103 3/a
105%
♦38%
70
♦1033/s
105 VA
52
$5 conv prior pref—
105 VA
♦105
19%
18%
♦90%
*
White Dental Mfg IThe S 8)
34%
White Motor Co
19%
18
18 3/a
White
100
353/4
10
♦9%
17%
17%
17%
17%
17
18%
18%
18%
18 Va
17%
18'/a
♦100%
101%
100%
100%
100 Va
$4
♦90% ,100
17%
101 Va
♦35
36
♦35
•«
19
183/4
155
1
preferred—,
preferred—,-*
—No par
-20
conv
Prior
36
93/4
20
flawing Maeh Ontp:i
■v
165
,
383/4
33%
♦9%
♦18%
100
100
No par
No par
♦37%
35%
♦155
No par
39 Va
34
10%
18%
12.50
No Par
34%
34 Va
19%
165
Instrument—
Wheeling ft Lake Erie Ry
8%# eonv preferredWheeling Steel Corp
105
51%
54%
39 Va
100
♦63
105
53
34%
♦94%
Elec
$3.75 preferred
♦63
105%
105%
♦38
183/*
12%
Preferred
57
♦155
100
No par
100
com
A
35 y2
♦93/4
100
i/'
,
Wilcox Oil Co—
•
WillysOverland
U
Motors,.^—
I
Wilson $ Co Inc*———No por
$4.25
183/4
preferred
No
t
Wilson*Jpne« Co—
par
,.10
165
"
">.■■■
■
'-If
-
♦45% ' 48%
46%
46%
Wnndwnrit Iran <1h
53%
52%
53%
Woolworth (P W) Co————10
71%
Worthington P & M (Del)
99
/prior .pfd 4% Ik series.—
100
Prior pfd 4%% Con* series
100'
Wright Aeronautical.
No por
Wrirlf*
fr *DeJ)
No per
Wyandotte Worsted. Co new-—.—IS
523/4
70%
*07
■
70%
71
CO
♦96 Vz
/-
♦99 Vz
90%
•100
101%
102
90%
r
-y:.:1ft-
No pat
_
-
LOW AND HIGH SALE PRICES
$ per share
Tuesday
Monday
Saturday
Aug. 17
■
Aug. 20
Aug. 19
I per.share
9 per
share
Wednesday
Aug. 21
$ per share
l
Thursday
Aug. 22
9 per share
'
Friday
Aug. 23
$ per
Sales for
v
share
Range for Previous
STOCK
EXCHANGE
Range Since January 1
Lowest
^Highest
Shares
.1 per share
Yale ft Towne Mfg. Co
STOCK
1
STOCKS
NEW YORK
the Week
York Corn^/_-:—-^._
EXCHANGE
IB
T _M
Young Spring & Wire
No par
Youngstown Sheet ft Tube_.No par
CLOSED
....
YQU9g*tQV9 Steel Door—No
1,700
7,200
•Bid
and
asked
prices; no sales
on
this day.
?In
receivership.
t Deferred deUvery.
nHov Btook.
T
par
42% Mar 14
9 per share
61% July
e Special galea.
Lowest
# per share
1
20% Aug 23
27% Jan 31
26% Aug 22
35% Jan 17
83% May 31
.31
Jan 29
61% Mar 13
23% July 30
Zenith Radio Corp
Zonite Products Corn.
vOMhaal*.
Year 1945
1
34% July
5%
Yd When distributed*
x-E*-OlTtd«ndi.
p Ix^rlghta.
Jan
Highest
9 pet share
—
SlSIlSiii
isgfiiiiis
——
—
hhiiM
THE COMMERCIAL & FINANCIAL CHRONICLE
ay,
August 26, 1946
lr^WV
*'*$v*$*'%%■£$£';
'■#
Daily, Weekly and Yearly
United Steteii
y.vf&V
Total
Governments Bond
Bond*
23,19f6-
Sale*
Baturday—
Monday—
Tuesday—
Wednesday.
Thursday.
ff,IJflV
4*'' *
iijiliif
wimiii
'^
HV-M^ >■»
'
'
,
iimiii Ww
Week Ended
.;V,i!.W
U. B. Government—
foreign
Stocks—No. of shares.
B
-
-
■
Foreign government.
Foreign corporate-*.
Total
Stock And Bond
od
$733,000
.
1948
71,968,593
$1,484,000.
132,000
$47,080,000
7,888,000
$93,173,00(1
8,000
317,000
752,000
r'
.
! ..V'
'
Quotations for Friday, August 23
SO
Indus
1« (■
Rail
:
trlah
August 17.
20
;
'
10
Ctlli-
65
Indus-
ties
road*
TOtafe
Stocks
trials
Exchange Closed
200.19
*>
*
"
.
Grade
100
Central Hanover Bank A Trust 20
Chase National Bank
18
133
118%
42%
44%
48%
50%
,
Grade
Utlll-
40
ties
Bonds
108.51
107.24
Continental
108.48
107.20
Rail*Ralls
a
Total
Chemical Bank A Trust———IB
41.35
74.34
105.30
115.18
41.45
74.64
105.28
115.04
99.98
200.00
62.16
August 22.
196.66
August 23;
197.75
Trust
99.96
62.39
20..
:
Bank
74.23
105.33
135.01
99.98
1 108.61
107.23
.61.22
40.76
73.08
105.24
114.46
99.58
108.56
108.96
Federation
61.35
40.75
105,20
114.75
99.88
108.56
■'
107.10
Bond Record
s
Fiduciary Trust
-
interest"—except for income and defaulted bonds.
WEEKLY
-
210
-
350
( SSB
/
in
tftft
arm.
Kings County Trust——,
-100 1,870
1,920
Lawyers Trust—,.
„2»
50
53
Manufacturers Trust Co
—20
60%
62%
Morgan (J P> A Co Inc
100
298
304
National City Bank—
12%
48%50%
frying Tm«t
.
...—25
106
Public Nat'l Bank A Trust—17%
45
47
Sterling National—
25
84
88
Title Guarantee A Trust
12
22%
46%
43 %
-100 1,805
New York Trust..
61%
Cnited States Trust.
116
•
;...
—100
110
24
815
785
1,865
Exchange
YEARLY
and deferred delivery sales are disregarded in the week's range, unless they are the
only transactions
week, 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 year.
The italic letters in: tha eolumn beaded ^'Interest Period" indicate in each-case the month when
the bonds'mature.
.
the
—.,
23
,
26
—10
Bank-
ask
195.
200
29
112
A Trust-—10
BU
inn
.100
Guaranty Trust--i---——100
47%
21%
59%
New York Stock
«»
FRIDAY
"and
are
Bank
National
44%
A Trust—10
41.23
first
NOTICE—Prices
Co
Corn Exchange Bank A Trust-20
Umpire Trust
—,———50
.
49%
Commercial National Bank A
Exchange Closed
62.26
430:
47%
Brooklyn Trust
,
JToltOn svni
Grace National
138
114 »/2
;
^
Par
.36.
418
10
201.27
73.35
$55,285,000 $119,176,000
ash
34%
100
,,10
iBecond
August 19.
August 20.
August 21
:
Bank of New York
Bankers Trust
10
First
ma
IBank of the Manhattan CO—10
Bonds ' ;
10-
$1,624,000
_
25,251,000
'
the New York Stock Exchange as compiled by Dow, Jones & Co.
•'uCT
j
New York City Banks ft Trust Cos.
Averages
are
Date-
1946
98,573,27 1
1.000
rat
listed
I
Jan. 1 to Aug. 23
>
1945
1,457,841
$641,000'
91,000
-
Ballroad & Industrial—
BeJow
.
1,250,696
Bond*
_
■
Aug, 23
1946
•tooks^-No, of ahirtfci;
Cash
of
f*
Figures after decimal point represent
Saturday
M Aug.. 17.
Monday
Aug. 19
.
Low
High
Low
High
*104.1
EXCHANGE
CLOSED
*109.20
*103.3
103.5
*107.31
108.1
*113.8
113.10
*114.9
107.23
*114.5
105.29
105
*104.11
105.21
107.25
*104.30
104.13
♦104.2
..
,106.11 Mar
113.20 Nov
118.15 Mar 12
118.23 Feb 19
112.21 Jan
113.2 Jan
113.30 Oct
116.16 Dec
Apr~~2
106
Apr
2
117.15 Jan 28
106.6 Oct
106.28 Sep
107.15 Apr
107.25 Jun
107.5- Jan 17
108.4 Jun
7
2
107.4 Apr 16
105.19 AUg
Treasury 2%s
IIIIII—IIIl949-1953
Treasury 2 %s
1950-1952
Treasury 2y2s
50,000
Treasury 2%s
Treasury, 2%s
.Treasury 2%s
5 Treasury 2 %s
Treasury 2V2s
Treasury 2%s,
1,000
,
-
,
—
3,000
104.9
Jan
.—June 1964-1969
103
Jan
4
»—Dec, 1964-1969
1965-1970
102.22 Jan
102.11 Jan
1966-1971
102.11 Jan
—June 1967-1972
101.16 Jan
;
104.30May 16,
Treasury 2'/4s
Treasury 2V4s
3,000
.
?
—
Treasury 2s
Treasury 2s %
Treasury
102.23
102.28
102.29
—
"
2s
Treasury 2s
Treasury 2s
Treasury 2s
1956-1959
Treasury
2s
_
Treasury 2s
103.18
3,00o
Treasury 2s
103.15
Treasury 2s
1,000
and
101.17
asked
price.
Treasury
2s
.March 1950-1952
a
Odd lot ^ transaction.
100.10 Jan
100.18 Jan
100.20 Aug
102.2
Feb
102.3
Feb
100.30 Jan
107.28 Deo
——
107.26
Feb
108.21 Nov
100.27 Jan
108.21
NOV
105.1
NOV
101.12 July
•••
:
100.27
Dec
103.28
Apr
July
102.20 May
102.27 Jun
103.9
—
Jan 17
—.
103.22 Feb
5
6
—
—
104.3
Apr 26
100.25 Jan
103.1
Sep
100.17 Jan
104.14 Jan 28
103.13 May 16
104.26 Feb 18
■
-
—19SO
104.29 Feb 21
100.13 Jan
——106.12 Jan
101.31 Mar 9
101.9
Jan
103.31 Aug 21
-
—
'
■
101.6
Mav 28.
102.9
104.24 Jan
102.26
Oct
103.5
Dec
103.8
NOV
103.16 Deo
103.30
Dec
103.1
Sep
104.4
Dec
104.6
Dec
106.12
Nov
101.23
Apr
101.19
Dec
—
—-
101.14 May 17
1948
101.29 Jan
102.21 July
102.10 Feb
24
103.15 Aug 20
102.26 Oct
Mar 15
102.30 Apr
1953-1955
■
102.26 Sep
102.3 Oct
104.24 Jan
103.13 May 16
Dec. 1952-1954
_
101.15 Dec
100.23 Dec
106.29 Oct
v 100.18 Dec
—
Jan 17
Jan
101.24 July
3
Apr
'
1951-1953
—.June 1952-1954
Treasury l'^s
transacted this day.
—
103.4
Sept. 1950-1952
__
Treasury 2s
Treasury l%s
No sales
4
1951-1955
Treasury 2s
7,000
103.18
106.12
101.13
—
102.7 Ju]y
.100.15. Jan
Apr 29
—
103.7
Nov
July
102.17 Aug
102.9 July
104.7
102
Sept. 1949-1951
Dec. 1949-1951'
103.4
100.15 Sep
—
—
105.24 Sep
108.15
Jun
Jan
Jan
Jan
5
Jan
103.9
__
*103.13
*Bid
110.15 Mar
104.16 Apr
2
Apr 29
—
Dec. 1948-1950
—
*103.16
108.17 Aug 12
107.14Apr 3
101.4
1947
June 1949-1951
103.3
2,500
107.1
100.28
100.18
100.17
1
— •
102
Dec. 1959-1962
—
103.12
*101.15
:
■
-Marchl948-1950
_
*103.1
8
106.15 Aug 12
—————
100.29 Jan
—June 1959-1962
—
*103.10
— —
9
' 168.16 Apr
106.15 Aug 12
,
Apr
109.15 Feb 18
108.17 Aug 12
•102.17 102.19
•103.16
2
.L.--1954-1956
-1951-1953
•
*106.10
101.15 Jan
1952-1955
101.20
*106.11
106.28 Apr 30
Sept. 1967-1972
—JDec. 1967-1972
Treasury 2V4s
102.27
107.9
4.. 107.19 Apr
6
2
107.9 Apr
5
4
107.10 Apr 12
4.
106.15 Apr
6
V-:* Treasury 2V4s
101.22
107.27 Apr
10
Treasury 2J/4s
102.6
*102.27
105.29 Aug 19
108.4 Jun
7
105.22 May 1
Treasury 2%s
.h Treasury 2%s
>
*102.21
2
I—
105.5
*102.26
106.16 May
50,000
15
102.6
*102.25
—
t'
108.12
*101.20
106
1963-1968
102.28
*101.19
——*.,
—
-——
—
——1952-1954
Treasury 2y2s
104.20
*102.4
--
1958-1963
1960-1965
Treasury 2%s
106.12
*105.3
111.27 Apr
114.25 Dec
112,10 Jan
Treasury 2%s
,
*102.4
.
111
Nov
112.17 Aug
105.14 Jun
108.27 Aug
Treasury 2%s
105.23
106.13
*108.10
111.18 Feb 19
115.26 Jan 17
—
6
I""
_I_
105.8
108.5
102.26
102.28
Highest
109.24 Mar
—
—
109.22 Feb
Treasury 2%s
103.26
*106.11
—
—
110.3 Jun 28
112.21 Aug 23
——1956-1958
,——1962-1967
103.28
*102.24
—
Year 1945
106.13 Nov
104.27 May 16
115.23 Apr 15
*104.26 104.28
*103.24
104.14 July 12
Lowest
113.12 Aug 12
*104.10 104.12
*103.31 104.1
*103.26
Range Since Jan. 1
Lowest
Highest
—1947-1952
1949-1952
—1951-1955?
1955-1960
.-——-1948-1951
1951-1954
III
*107.14 107.16
104.4
*104.18
Range for Previous
!
107.23 Aug 23
*103.30 104
*106.10
BONDS
103.18
*105.6
*106.3
105.29
*107.23
J'":
'
Treasury 2%s ————1956-1959
•
115.30
103.16
160.9'
Treasury 2%S !
Treasury 2%s
1000
114.7
*115.28
105.10
*106.7
Treasury 27/8s
_
107.23
•
103.20
*105.8
-
Treasury 3s
6 ' 000
113.6
point.
a
STOCK EXCHANGE
Treasury 4%s
Treasury 3%s
103.4
*113.4
116.3
*103.18
*103.2
114.11
*116.1
112.21
i
109.17
112.21
112.29
of
32d
NEW YORK#;
107.10
*109.15
109.22
were
GOVERNMENT
Sales for
Bonds ($)
10&L
*107.8
107.12
*112.27
i
*103.30
or
the Week
Low
104.3
*107.10
Friday
Aug. 23
High
one
:
102.17 Mar
8
100,26 Aug
wm if®:i«§
i'WWWi
°$(MP
u".
BO NO S
■■■"
New
York
Stock
•>#(
'teffliv! £• i:
U. 8. (Knraaust
.
Transit
York
New
7
.
Unification
City
or
Low
"
••
„
*
.;
Stock
Exohangd
;
.
High
Low
No.
York
'
■
;J'ifS
*,'' ^ «■;)
,
1980*
Issue—
3Jfc Corporate gtock
Sold
Migh
New
Range 8ince
Jannaryl
Bonds
Friday's
Bid & Asked
Bale Prico
|
;
'
BONDS
Week'iB»|»
Interest ,:...,.,• Last••
Period
*'
.<u<>"
Friday
.'■■■■■..■■■■"
Exchange
NEW YORK BOND RECORD
*18%
tt;;V
:
,118% 118%
•
.
118% 125%
12
.
.
....
,...'.■
.
¥:• ^
Wertheim & Co.
Telephone
Members New York Stock Exchange
REctor 2-2300
120 Broadway,N«w York
yT«k(yp«
NY 1-1603
j*x&i
'/.Foreign Govt. A Municipal.
Agricultural Mtge Bauk (Colombia)—
sink fund 6s
1947
AGtd sink fund 6s
_194t
AGtd
Akershus (King of Norway) .4k^«196ft
SAAntioquia (Dept) coll 7s A
-1945
!
s
5AExternal
f- 7s series. C_,
s
f 7s series Dl_
AExternal s f
7s
1st
J-J
AT
-
-1945
.1957
'-•
series,.
8 f external
|
'•
1
371/4
31
*31
*31
32
'
10iy2101%
M-N
100
M-N
100
'100%
■*••'•100
A-O
100
100
'100%
100
-
100
"
104
104%.
96%
100
'
102
J-J
110%
110% 110%
106%
112%
M-S
104%
104% 104%
101% 1021/4
103%
106%
103 % 103
103%
110%
113
105
115
111
117
M-N
.1949
,
CZ
.
1956
Belgium external 8%s—-
37%
31
3-D
__
External g 4%s of 1828
37%
37
*37
*
37%
4 A-0
>
.1971
1972
Australia (Commonw'lth) 5s of'25-1955
External 5s of 1927—.—
1957
|
'40
*37
37
__
A-0
8 I extl conv loan 4s Apr—
•
-
L-
*85
A-O
4'/2s____________-_194l
8 1 conv loan 4%s
i
"
*85
*103%
v J-J
< AExternal sec i l 7s 3rd series__1957
A Antwerp (City) external 5s_——1958
Argentine (National Government)—
>
i_
J-J
1945
A External sec s f 7s 2d series—-1957
;
•—
M-S
f 7s series B__——1945
s
§ A External
;
s
SAExternal
F-A
A-O
,.
.
M-S
J-J
J-D
*
100%
103%
External
f 6s
1955
External
s
f 7s
1955
tABrasil (U 8 of) external 8s
1941
J-D
64%
82%
Stamped pursuant to Plan A
(Int reducea to 3.5%)_—-1978
AExternal s f 6Vis of 1926
1957
J-D
60
76%
A-0
62%
85
1979
A-0
58
76% »
1957
A-0
62%
85
1979
A7s (Central Ry)—i
——.1952
Stamped pursuant to Plan A
(Int reduced to 3.5 %)
—.1978
!
s
A-0
J-D
58
76%
65
84
I
\
(Int reduced to 3.375%)
AExternal
;i
s
f 6%s of 1927
(Int reducea to 3.375%)
•;
•l>
8% funding bonds of 1931 :y
^ Stamped pursuant to Plan A'
I
3
>
3%s Series
No.
5%s
8eri?s
No.
2
3%s
Series
No.
3
3%s
Series
No.
Series
No.
1
3%s
Series
No.
3%s Series No.
10——
I
3%s Series No.
11
•3%s Series
;
No.
F%s Series No,
*'
Series
No.
3%s
8eries
No.
3%s Series No,-23
M 3%s, Series No. .21
Series
,
I
■
■'
61
26
io«7....
1958
F-A
i
^
_
-
lOBi
External read) 4%-4%s_.
.
I
Externa)
3%
_197t
e
v
^:'
«
"400%,
l.£$\
,
nir- ni
A-0
J-J
,
i» W ft'
c
J
A Carlsbad (Cityt-Ssu^.
t
| A Chile (Rep) External
•. -
a
assented'-i
.1942
■
i J01
vlOl^:
-100% lOl v *
.
94
■
•
••
'
•
—
jr^j
109%
-
112%
' 1101/8 110%
110 Ve
114%,
100% 102%"
47
63%
*_X
,
59y2
27
27
22
30
26%
27'A
21%
24%
21V*
F-A
22%.
21%
27%
26%
27'A
J-J
| M-S
30% 1
21%,
26%
27y»
30
30%
30%
30%
30%
30%
27%
26%
27%
21%
II
26%
27%
24%
21 y4
24%
22%
29%
.j_1963
M-N
TQR*>
24y«
30%
30%
M-N
21%
30%
1957
J-D
21
28%
iqr?
jmjy
1 oat
/.jj
iqbt 7 a
j-d
AGuaranteed sink fund 6s
1961
A-O
ABs assented - v
'
AGuaranteed sink fund 6s
lofl-q
A-r\
1962
M-N
For Financial Institutions
30 V4
A-O
' A-O*
A6b assented
•
:
A Chile
^
Mortgage Bank 6%s
A6M»S assented
-,
ASinking fund
A6%s assented—
/
-
A6s assented__
—I960
(Hukuang Ry)
footnote
see
•
5s
page
1961
1105
26% 627%
26%
25%
25%
23%
>
.
M-S
C
M-S
'
J-D
29%
21
23%
.
;
•
.
•
:•.
risM
1
| V 7".:-
.
•
'
TRADING MARKETS
C9i^i
yrARKS &
28%
23% >28%
20 Va
29
25%
FOREIGN SECURITIES
30ya
•21%
25%
M-N
—1960
A7s assented
Tor
■
1962
ACbllean Cons Munlc 7s
AChlnese
.
ioao
.
Afia assented
s
94
".xO.-;
J-J
AExtl sinking fund 6s__Sep 1961
AExternal sinking fund 6s
:
101
74y<
94
>
88%kl0l^^
109% 109%
F-A
■
1961
AExternal sinking fund 68—1962.
'
|
101
M-N
..
___Jan
101 y4
90%
A-O
;
sinking fund 6s
Feb 1961
A6s assented
——Feb 1961 :U
*<ABy nxteraal a t 68
Jan 1961
A6s assented
-
96%
86%
M-N
-.
i»bu
.
;
40
-
103%
*100% 101
109%'
27%
AExtl
'
42y2
104
95%
•
■*';J-J '
-
7a__a.—1942'
I
AExternal sinking luna bs
j
f38%
10J1V
87
101
100.
»•'
j\V
(Dom of) 30-yr *w
to«iy
25-year 3%s
i.r—196i
2%a
'^•"rui
—Jankl5:1948
.
42%
:
64%
64%.
100
;*-*96 Va
99% 101%
101
J-J
Canada
i;
.
101 y81013S2
101'
.103%
—
M-S
F-A
A-O
M-N
--
f 4%-4%S—_J975
external s 1A bonds—
__1984
§A7s
10O
.
10l»/4l02
' *102
,
Jf-S
External a t 4%-4%s—_——___^1977
Refunding s f 4%-4-%8-i
ri97fl
r
102
•__
£js
65%
(Province ol)v-
A6S stamped—
j
|
65
65 W
65 -
,
60%.
—
^
65
€1
30—.
8inking fund gold 5s
Buenos Aires
^65%
....
60%,
00%
.
14
65
60%
—
16
25
13 y»
65%
25——;
—.
*14
65
60%
•
20-
*•25
65
No.
No.
*13%
65 ^:
60%
28
29
i
60%
—
Brisbane,(City)-,s-f R«
•
65%
No.
3%s Series No,
3 %a Series No.
'3%s Series
64%
60%
—«
3%s Series No. 27_
i
65%
60%
■■
.
-
-47%
82
63 1:
■
—
1
1-
f
—-
22__
3%s
i
-
—.
21
99%
105%
'
•
60%-' 65%
60%
65
60%
64%
—
...
■
3%s
|
—
ZI
.
-
82
60%.
c
^-3%s Series
'
60%
18_.
<,;!%» Series No.: 19
^ 3%a Series No. 20.',..
98%Vlw
105% 106%
40
44 -1;
-
*—
77
61%
—.
No=yl6__
—
3%s Series Nov 17——
J
;
iooy» 10?
*99
*104
*££££
—.
>
FOREIGN SECUBITIES SPECIftLISTS
29
,•
28%
50 Broad SL, New
York 4, N. Y.
21%-29
>
22 %-ii 27
18%
28
103%
100% 100%
79%"
.
—I
15
99%
:*§9ys L±rL
v
,.k
77
—
v-j
100.1 167%
101
107%
99% 103
82
82
—
,344a Series
■
]
|<-i-
63
78
77%
3%# Series No.14—————
4
]
68%'
Series No. 13————————
:
4
61
-
: 19
;?•
68
60%
t;
'
68%
61%
i
68%
61%
-
—
I
,?
;i
61%
-—
——
3%s Series No. 9—.
,,
68%
61
—.
-
—
105"
*102
—
8-.
107 V*
,
*101%
—
-
3%s Series No. 6
3%s Series No. 7-„
103%
101
104.,: 105
.—
—
.
100%
104% 105
—
»
.
103
100%
100% 100%
—.
i.
'
40
101.:"
101"
104*;
5—
*
|
*37 %
A-O
4
3%s
'
73%
•.*,-
(Int reduced to 3.375% )
1979
'External g bonds of 1944 (Plan B)—
s
*70
J-D
3
:
—
Stamped pursuant to Plan A
"
t
*117%
f
Stamped pursuant to Plan A
t
-
115
Telephone HAnover
St-0050
Teletype N.
1-971
•'
'
■
'
'
"i-v-aw.''"
Monday, August 26, iaa*
FINANCIAL CHRONICLE
THE COMMERCIAL
"*J
NEW YORK BOND RECORD
RANGE
FOR WEEK ENDING
AUGUST 33
1
BONDS
York
New
Stock
Friday
Last
Period
Exchange
mill
Week's Range
Interest
Sale Price
or
Friday's
Bonds
Bid & Asked
Low
High
Sold
No.
Range Since
January 1
High*
Low
Buffalo Rochester A
Railroad
Pgh Ry—>
modified
(interest at
3% to May 1, 1947) due.:
1957
tBuriington Cedar Rap & Nor—
Reorganization Securities
Stamped
5 A 1st & coll 5s———
ACertificates
Consolidated
Bell Teletype—NY
Telephone—DIgby 4-493S
58
5s—
1955
1960
53
56%
104
107%
<98
106
104
109
*106
107
1-310
v:
■vV
Interest
Exchange
■
Last;
or
;
Bends
Friday's
Bid & Asaed
Sale Fried
Period
Low
A-O
119%
J-J
121
Guaranteed
Range Since
Sold
January 1
Low
m
High
M-N
1962
1957
cons
gtd 5s A
gold 4%s
National
Canadian
Week's Range
Friday
'
Stock
92%
106% 106%
106%
Calif Oregon Power 3 % s--—1974
York
^
99% 100%
1952
Canada Soutnern
New
43%
New York 6
Broadway
bond s
83
43%
deposit—
Bush Term Bldgs 5s gtd
Member* New York Stock Exchange
86 %
43%
48%
Bush Terminal 1st 4s
PFLUGFELDER, BAMPTON & RUST
61
of
85%
1934
gold
5s
-Oct
Guaranteed gold 5s
-
-106% 106%
119
119%
121
121%'
w..
J-J
J-D
106% 108
118% 125
121
6.
115
118
116
115% 116
1969
1970
-
1
11
12
119
*115% 116%
125
Guaranteed
gold
4%s
—1955
J-J
121% 121 %
3
121 Va
gold
gold
4%s
1956
A-0
120% 120%
26
120 Va
123%
4'/2s
1951
F-A
deb stk perpetual—
F-A
1
124
Guaranteed
High
?
.
Santa Fe external sink funu 4s
1964
(Int
reduced
95%
M-N
48
2001
2,375%)
s
45
40
45
37%
(State)
8s______
Can Pac Ry 4%
48
43
Stamped pursuant to Plan A
'
(Int. reduced to 2%)
—2012
lASan Paulo
Guaranteed
54
1957
to
A6y2s extl secured
*99% 100%
M-a
1952
Paulo (City) 8s
Stamped puisuant to Plan A
fASan
100
1999
-
Stamped pursuant to Plan A
J -J
*67
65
1950
(Int reduced to 2.5% )^i-
J-J
*67
loan_._„__
Stamped pursuant to Plan A
(Int reduced to 2%)IA Secured 8 t 7s
of)
>*54
55
54%
extl
J-J
54
71%
:
External
12
1955
*102
1940
A-0
gold 4s__3951
J-D
*74%
J-J
*._
registered
4s
Power 3s
5s
98%
99
99
2
Ref &
99%
86%
59
99
87
97
97
31
86
3
90
99%
83
86%
18
21%
*86
,1QKfl
90
#
21
*
RAILROAD
<fdams Express coll tr gold 4s-.--.1948
Great
14%
Alabama
Power
1st
,
''
--
&
mtge
Foreign Pow deb 5s
—
*104
„
J-J
debentures
2%s debentures——
2%
2%s
Araer
3s
debentures
Tobacco
debentures
——
114
116%
100%
1
104
139% 155%
228
139%
1st
F-A
103%
103
129
103
107y2
103%
100%
100
A-O
104
104
A-0
106%
1C-6 % 106%
Refining
2%s
Q-J
*96
.
V
133%
103%
mtge
100
100%
23
103
105%
105
107%
92%
99%
98%
—
131%
M-N
124% 125
Ohio
*122
1st
131 %
50%
inc
103
99
99
1997
(conv)
58
J-J
1985
M-N
*__
1982
—
M-N
144
107
107
109%
108% 109%
113V4 114
114
47%
45%
*33 Va
103%
4s
107
Dec
1
1946)
Ref it gen
AConv
■
.1996
due
Feb 11960
Toledo Cin Div ref 4s A
1959
^
Con fftf 4«
"
101
J-D
<
79
«
89
92
94%
4
60 %
39
1983
J-J
19&0
J-J
J-J
73%
J-J
2003
50%
*
35
33%
89
M-S
Xir-s
~
F-A
80
23
82%
109
90 %
26
81%
78%
H
78%
33
81%
66%
7.
Wi
65 %
69
100%
J-J
103
—
'
100%
M
5s
series II
J-J
1955
M-8
M-N
J-J
July 1970
4s
1955
79
89
80
3%s
For
footnote
1st
2%-4%s
91%
108
74%
96%
Apr
83
83
84%
121
83
98%
J-J
104
104
104%
45
104
F-A
*63
J-J
85%
see
page
70
__
88
39
87%
87%
1
59%
A-O
62%
656
64
84
87
56%
Union
\96%
65%
88i/4
13
8
99
102%
103% 103%
.
v
4-1
4
104- 104
4
103
.'I;
- —
~6
131%
M-N
F-A
103%
102% 103%
J-D
66%
,60
—
99
Af-N
*106
100
108%
103%
112%
105
107 %.
44%
42%
44
42%
63
80%
77%
100
103% 107%
104% 105%
1975
M
.
.
63
i
-
*112%
1969
G-—1974
gtd 3%S series E
1st mtge 2%jl ser
108 y2
80
—
105% 105%
102
-
Cleve Cin Chic & St Louis Ry-^'
General gold 4»—'
General 5s series B_
104%
*108% 110
■
112
113%
103% 107%
102
108 %
93
94%
89
89
105
1970
109% 109%
108
110%
1948
—1950
4%s——1981
Cleve Union Term gtd 5%s—
1972
1st s f 8s series b gtd.——-1973
1st s f 4%a geries C..
.1977
104 7/a
104
106%
&
Pittsburgh RR—
C
3%s
gtd
D
3% a
gtd—
'.i~Z
Cleve Short Line 1st gtd
103%
J*-
1057/a
'
107% 107%
108% 108%
107% 107%
'105% 107
63%
(stamped modified)
1980
1st extl gold 4R-.1948
& Sou Ohio EI 3%s
1970
*105%
*109%
106%
106%
Columbus St Tol
104
1st extl 4s——1958
__
60 »/4
84%
Commonwealth. Edison Co— ^
■
1st mtge 3s series L—4——1977
109%
85
Conn Ry & L 1st & ret 4%s
1951
lofii
1965
106%
106%
106%
1950
F-A
*106 Va
M-N
*103
103%
106 y8
M-S
105% 106
105i/4
107i/8
M-N
103% 103%
103%
106 y2
110'/a
■105% 105%
Columbus
105%
91%. 100
93%
86%,
4s——1990
1st coil tr gold
Cleveland Elec Ilium 3a—
103%
1GS% 121
>*119
93%
1977
—1991
Cin Wab & M Div 1st 4sz.
Cleveland
133%
1993
.1993
;
60
•,
107%
44
*43%
68 Va
,
106
104%
107
109% 110
107
I 107%
1952
4s
com
60 Yb
103y4103y4
103
100
107
107% 108%
1963
G ———1963
Columbus & H V
98%
81
110
94%
105%
106%
*105% 106%
*106%'
98%
v.
3
102% 102%
102% 105%
107% 109
♦108%;-
72%
39%
Station—
104
98% 104 V*
98
105 y«
130%
92 Va
105%
110
1994
104%
>*102-105
131
71
106%
103
*108
J-D
1951
Cine Gas & Elec 1st mtge 2%s
Terminal—*
;
99
107
100%
J-D
.1951
—
105%
107%
100
77%
98i/2
1947
mtge 2%s_1975
105
94%
74%
—
—
Cincinnati'Union
103
1969
4s s f debentures
Buffalo Niagara El
1966
39
93
Tst:'&;ret,4.%s',series.D^iii^-^J.fl62;,..
99
78%
83
80
58
110%
93 %
27
Conn River Power-* t 3%s
Bklyn Edison cons M 3%s__—;
Bklyn Union El 1st gold 5s
Bklyn Union Gas 6s series A
72%
50%
107 %
58
4%s
J-J
A-O
1960
—
76
Colorado & Southern Ry;—
1st gold 4%s series JJ_-———1961
Ainc mtge 4%s ser A
JABoston & N Y Air L 1st
12
57
105% 105%
105%
tSAChilds Co deb 5s part paid—1943
§ADebentures 5s part paid
1957
tAChoctaw Ok & Gulf cons 5s„—1952
105
31
.'99% 101%
102 % 102%
J-J •
1st
mtge 4s series RR—
74%
53
108
Chicago Terre Haute & S'eastern Ry
1st & ref M 2%-4%s———
1994
107%
246
99%.100%
„
99%
J-J
A-O
1st
100
364
St L Div
1960
->
99%
83
64 %
Ref & impt 4%s series E
Bell Telephone of Pa 3s series C
1970
92
59%
Apr
1934
Chicago St L & New Orleans 5s
102% 105%
28
88
104%
144
Apr
City Investing Co 4s debs——-—1961
A-O
—1967
96%
59%
Memphis Div 1st gold 4s
42%
100% 102 Va
79%
J-D
1951
Bethlehem Steel Corp— '
Cons mtge 2%s ser I——
144
30%
1st mtge
Beech Creek Extension 1st 3%s
Boston & Maine 1st 5s A C
55
2
63
Series
...,
38
96%
27
Series
.1..,,
nasi„
4sstaraped——_1951
62%
144
M-N
Gold
Bangor & Aroostook RR^~
.
106%
103%
98
M-S
118%
471%
38%
47%
103% 104%
S'west Div 1st M
(int at 3%%
to Jan 1 1947). due
—1950
119 Va
102%
1952
113
(int at 1% to..•••'.
Pgh L E & W Va System—
Ref gold 4s .extended to—1951
117%
50
1960
1951
108%
103% 103%
103%
A-O
-1998
(int At 1%%
due—
1993
Sep 1 1946) due
,
.
>,
4
14
103%
99%
J-J
gold 4%s
107
J*
due......
ser F
119 %
60
110%
-
(int at 1% to
Sep I 1946) .due———*—2000
64%
114%
J-J
1988
104%
to
Oct 1 1946); due-—.—July 1948
Ref & gen ser A (int at 1% to
Ref & gen ser C
to Deo 1 1946)
Ref & gen ser O
50%
20
19R8
—i
1st mtge 2%s ser
A-O
;
,
80
52%
JASecured 4%s series AJ—
—1966
4%
135%
Jan 1 2038
1994
Chic & West Indiana
at
107%
132%
AConv
July 1943
(int
107%
104%
124
117% 118
103%
1970
ACertificates of deposit
lARefunding gold 4s
—
RR—
gold
mtge
151%
105
—
114% 116
114%
mtge 4V2s inc ser A Jan 1 2019
conv inc ser B
Jan 1 2044
AGenerai
Ry—
Stamped modified bonds—
144
6
*129
1st mtge 3 %s series F.
&
11
106 %
25 %
partial redemption
1927
tChicago Rock Island & Pacific Ry—
141
124%
•
July 1952
mtge gold 4s
50
106
—
105% 106
Chicago & North Western Ry—
2nd mtge conv inc 4%S—Jan I 1999
1st mtge 3s ser B
1989
t8 A Chicago Railways 1st 58^ stpd
104
122%
8
J-D
4%s
99%
123
20
*124
48%
103%
7
52%
145% 145%
1949
1st mtge 4s ser A
Gen
Chicago
1st
108%
Chic Milw Bt Paul & Pac RR—
»
Income
Baltimore
56
52
110
106
1989
-1989
A 2nd mtge 4y2s inc ser A
Chicago Hut & &ou ou-.vear 4&_
107%
143
89
100%v
104%
133% 134
Nov
1948
"<
.
*99
A-0
debs
60%
35%
110
39
103% 104%
Jan
-General unified 4%s A
—.—1984
Atlantic & Danville Ry 1st 4s
III1948
Second mortgage 4s-—.
1948
Atlantic
103%
*49
1985
AGen inc mtge 4%s
107%
1995
4s
cons
37 Va
113
—
105%
Chic Indianapolis & Louisv Ry—
Alst mtge 4s inc ser A
M^st mdrtgage 3%s——.1963
Atlantic Coast
106%
61%
38
108%
—
*106% 107'%
106 %
Chicago & Erie 1st gold 5s
Chicago Gt West 1st 4s series A
159 %
Adjustment gold 4s
July 1 1995
Stamped 4s—-—.——July 1 1995
•;
109%
100%
■
Chicago & Eastern 111 RR—
AOen
145%
Atchison Topeka & Santa Fe—
General
& Nor 1st gold 5s
"'VTifr' if'"\ ' V
"
,*l< *
Atlanta & Charlotte Air Line
44%
107%
*107% 107%
—1977
1st mtge 3%s ser B
M-S
A-0
Atl Knox
85
37
107
1996
mtge 3y8s-l
109%
48
? J-J
gold 4s—
33%
33%
19
107%
4
ref mtge 2%s
1U7
109%
AAnglo-Chilean Nitrate deb———196?
Ann Arbor 1st
22
20%
39
1
1996
1st & ref 4%s series B
103%
109.
1975
3s_
110
F-A
1958
105%
109
-1969
deb
107
1992
gold 4s
cons
102%
M-a
1962
.
Co
1st
104%
—
—
100V4 100 Yt
1986
-
42
36%
105% 105%
General 4s
105%
104%
—
__
115%
,*114
—
A-C
i
l nap
—
debentures
40%
105%
lmpt mtge 3V2s D
1st &
1950
.
93
35 %
72%
96
108
87%
Chicago Burlington & Qmncy RR—
18
.i 14
—
105 V*
*109% 110
A-O
2030
conv
U
42
F-A
1965
JACLlcago & Alton RR ref 3s
American Telephone & Telegraph Co.—
3s
102
A-0
1974
2d consol gold 4s
x
COMPANIES
*104% 104%
.
M-N
3%s
1972
Albany & Susquehanna RR 4%s._1975
Alleghany & West 1st gtd 4s
1998
Am
INDUSTRIAL
J-D
1967
3%s
AND
JJf-S
1947
Southern
--
40%
(partial redemption)—1942
R & A Div
99%
99
.1984
-toll trust 4s of 1907
39%
*35 %
1974
Ref & impt M 3V2s series E
99%
99
(City) external 7s______i958
stamp
1st & ref
Alabama
__
*109
j-J
85
99%
108
55
102
105%
73%
4
22%
41%
102
1987
Y
47
22%
20%
41%
1987
registered
to Aug 1 1949)
5ACentral RR & Banking Co—
*115
1978
A4V»a assented
J-J
1987
(4y4%
104%
1978
conv
J-J
1987
76%
22%
A-O
1961
Champion Paper & Fibre deb 3s
Ohesapeast! & Ohio Ry—
General gold 4y2s
197D
4-4%-4%s extl readjustment
3%s extl readjustment...*
—I960
Central Pacific 1st ref gtd gold 4s_1949
1st & ref series A
20
102
103%
1979
.
3y2s
74
74
21
91
107
*115
1964
conversion
extl
A-0
Central N
*120
1960
2
M-N
1946
__
11
1959
C—
109
104
105
28
85
1940
AGenerai
25
16
85
105
1959
A5s
20%
16
F-A
105%
107 Va
87%
104"% 105
J-D
1945
& gen 5s series
New Eng 1st gtd 4s__
JACentral of N J gen gold 5s
21
23
194b
Nov
JACent
($ bonds of 1937)-*
3%-4%-4-fr
A Warsaw
12
19%
—
gold 4s
*105%
& gen 5y2s series B
Central Illinois Light
76
12%
IQSft
readjustment
External
.
64
80
12%
^External sink fund 6s
3%8-4-4y8%
*75%
1962
External sink fund 6S-
1st
§AMobile Div 1st gold 5s
85
_1958
Sydney icityr s f 5.%s—
AU«-UKUt»y (Republic) extl 8s
P
AChatt Div pur money
61
A-0
—1362
*
7s
U
105% 105%
A Ref
60
A-0
Branch
105%
A Ref
64
,*55
1940
A4%8 assented..:
A
F-A
Corp 3J/4S debs
*AC'OnSOl gold t>S
(Kingdom)—-
A7p series B seo extl—
(Prov
1960
61%
2012
secured■■ external-.-..-..
ASllefia
A-0
A4s
SerbR Croats & Slovenes
'A 8a
1965
69%
J-J
(Int reduced to 3.5% )—_1978
90%
J-J
-
4s
ICeDtral of Georgia Ry—
§ Alst mtge 5s
Stamped pursuant to Plan A
,
F-A
Cv.
J -J
__1968
1981
ACent
i
71
60
70%
*56
fe
107 % 107%
Ohio
116%
121
105%
102%
M-S
Clinch &
113
108%
105
1963
Celotex
55
*60
J -J
M-S
Stamped pursuant to Plan A
•
(Int reduced to 2.25% ).-i.__2004
A6s extl dollar
71
1
1949
Cart & Adir 1st gtd gold 4s
Celanese Corp 3s debs
•k'(
a.
(Int reduced to 2.5%)
—.1999
A7s extl water loan
—.1958
••
•'
60
9
19
Carolina
Stamped pursuant to Plan A
A8s external
113%
113% 114%
IIACarolina Central 1st gtd 4s
Certificates of deposit-
71
57
*67
J-J
1930
113
114
Consolidated
Cigar Corp
A
3%s
Consolidated Edison of New
...
[i&jtfjfy
,
106
110.
105%
108%
105
108%
61
84%
„
106% 106%
__
108%
—
116
109% 109%
*111
112%
106% 106%
*104% 105%
111%
no
108%
110
111
111
105%
107
103% 105%
York—
debentures1948
debentures—1956
&' 3 %s debenturesL.-^.^...—1958
101%
101% 101%
101%
103
102%
3'/2s
3%s
1105
*115%
63%
107% 116%
102
102%
101%
104% 104%
104%
104%
106%
__
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4519
.Volume 164
NEW YORK BOND RECORD
BAKGE I OB WIEEK
..
BONDS
York
Stock
Interest
Exchange
Last
Period
New
Week's Range
Friday,
Sale Price
Ry
deb 4s—1954
non-conv
A Debenture
j-jt
1955
J-J
4s...
ADebenture
Consumers
i brb•
T■:
Power
Continental
—j
^
'
1st
2%s-_1975
mtge
Baking 3s debs
J-J
M-S
..1965
J-D
1942
J-D
Crucible Steel 3y4S s I debs.
IA Cuba Northern Ry 1st 5%s
ADeposit
receipts.*
1st 5s gold
ADeposit receipts
A7yaS ser A deposit
....1952
;;
A6s
B
ser
55
60
105% 106%
*__
'
*58
__
10
__
1946
J-D
J-D
__
--
49
49 %
82%
—
43 %
—
Stock
10
,
1st & ref 4%s series C
High
102%
1
Bonds /Range Since
Sold
January I
low
High
99 Va
No.
1963
Illinois Terminal Ry 4s ser A
95%
i-
inn
111
&
lowa
1st
*90
1970
gold 4s
*105%
10678
51
86
Inland Steel 1st mtge 3s series F..1961
48%
•:
95 %
92%
102 v.
96%
..
103
106 Va
105 %
12
106
,'Vv
V
imp 2%s series C——.1986
46
80%
38
93
103% 103%
1950
Indianapolis^Union Ry Co—
97%
129
{International Great Northern RR—
46
46
1
40
45
46
46
3
44
Ref &
53 %
53
"
/
77%
>: 30%
AAdjustment 6s series A—.July 1952
b
5s series
----------■
-
TOR*
,
.-#?
106% 106%
Alst6s$.eriesA——1952
«
*97%
80
33
71%
72%
71%
72%
'
—..,....1958
6s—.—1944
Internet Paper 5s series A ft B.—1947
Int Rys Cent Amer 1st 5s B
1972
Xnt Telep ft Teleg deb gold 4% 8—1952
100% 101
101% lOli?
*105
—
101% 102%
...1965
Delaware & Hudson 4s
Friday's
100
1st ret mtge 4s ser D—.——..1963
•
60
Dayton Pr & Lt 1st mtge 2%s
1975
Dayton Union Ry 3%s series B—.1965
debs
or
Bid ft Asked
1963
A 1st gold 5s series C
lAInternat Hydro El deb
2%s
Last
Sale Price
Low
Joint 1st ret 5s series A
A 1st
Deere & Co
Week's Range
Friday
Interest
Exchange
56%
,
*82
>
■
59%
York
Period.
104%
—
103%' 104
103%
New
m Cent and Chio St L & N O—
553/4
108%
102% 106
102% 104
—
53
104 %
,
High
76
76
75
55
—
*41%
J-J
1946
rets.,
—
57'
„
.—....—_
deposit rets—
55
*__
lG57/a
49 %
A Cuba RR
Low
Ho.
High
,
BONDS
*__
_
J-J
1955
.
Sold
t.
AUGUST 23
Range Since
January 1
Bonds
or Friday's
Bid'& Asked
Low
{AConsol
ENDING
;
extended!._1963
Delaware,
Lack
&
West
RR
& Western
1st &
ref M 5s
Co—
41y
James Prankl ft Clear 1st 4s_.
v
C
ser
-...1973
A Income
Morris
mtge due
Esse* division
at
2
6
Jersey Central Pow & Lt £%s,
1993
ft
8ones
33
Laughlin Steel 3%s_.
102%
98
104 Va 104%
103 Va 105%
Coll tr 4-6b
.-—May 12042
Delaware Power & Light 3s
1973
{Denver
&
8 A 1st
Rio Grande
RR—
consol 4s
Kanawha ft Mich 1st gtd gold 4s..1990
Kansas City Port Scott & Mem Ry—
—1936
f AConsol gold 4%s
.1936
{Denver & Rio Grande Western RR—
>
A General s f 5s
1978
1965
Gen & ret
Gen &
mtge 3%s series G
Kansas City Terminal Ry
109
109%
71
57
63%
Q tZ
Det Tol & Ironton RR 2%s ser B..1976
Dui Miss ft Iron Range
Ry 3%s
1SAPU Sou Shore & Atl gold 5s
Duquesne Light 1st M 3%s
105 %
106 % 106 %
1962
1937
41
122
120% 122%
102
102
Stamped
Plain
102%
105%
106%
102
106 y4106 %
S
cons
1st
cons
1st
cons
2s
Ohio Div
mtge 3%s ser A__
127%
ser
1st & ref sink fund 5s
5s
stamped—
1st ft ref sink, fund
5s
stamped..
ser
P
100
100 %
1st & ref sink fund 5s_—
ser
G
86
98%
H
88
*105%
3%,s-.
Pirestone Tire ft Rub 3s deb
AFJorida Cent & Peninsular
1961
5s
98 %
1974
.1974
stamped
1974
of
78
90
1958
104
88%
78
deposit
«
108
4s
3s
inc
debs
115% 115%
115'/a
118
103 % 103 'A
102%
—1951
1963
lie'/a llGVa
116 Va
120
104% 104%
104%
106%
.—.1666
10G
102%
119%
136% 136%
—
136 Va
140%
1976
1291/a 129%
1271/a
134%
1977
1071J
107}£
107 \h
1103*2
I Gen mtge 3Vas ser N
1990
104% 105 %
1021/2
107.
2000
*102% 102%
102%
107
100%
O
Gen
mtge
1982
99
991/4
mtge
2%s
2%s
P
Gen
ser
Q
2010
89%
90%
89%
mtge 2V4s
ser
R
1961
98
98
98
75
76%
75
*11
11%
11
105
102%
106
lie
119
Mead
Corp 3s debs
*1031/8
—1959
Gulf Mobile & Ohio 4s series B
1975
105
—2015
mtge inc 5s series A
99
3%s series D
103'A
Utilities 1st M 2%s
1976
ser
G~
?„
105
98%
103
1157/a
f
93%
A
ser
103i/4
101%
Side
El
(Chic)
__
94%
103% 103%
106% 106%
*102
23
4s..1938
103%
3%s
23
—1951
1952
Ref ft impt, 4%s series C—
..1979
Michigan Cons Gas 1st mtge 3y28_1969
tSAMidland of n J 1st ext 5s
1940
104
100%
West
88
*63 Va 100
1959
Corp
Jack Lans & Sag
1st gold 31/2S
104i/4
101% 101%
101%
103
*102%
RR 4y2S
coll 4s ser B
Michigan Central—
107 »/4
98%
99%
87%
1954
{§AMet
104 7/a
105
—
105
1960
Sugar 4s sink fund_.Peb 11957
Central
mtge &
1st mtge 3S4
——1966
Metropolitan EdiBon 1st mtge 2%s.l974
Metrop Wat Sew & Drain 5%s
1950
17%
1st & ref
113%
100
104 Va 104%
1st
79
AGreen Bay ft West deb ctis A—..
A Debentures ctfs B.
Gulf States
110%
100 Va 100%
Maine
99'/a
Gen
*110% 110%
Manati
917/a
Gen
Greyhound
2003
.2003
ref M 2%s
AManila RR (Southern Lines) 4s
98%
ser
104%: 107%
122%
122
...1973
ser
106
120
102%
122%
•102%
General 4%s series E
Gen mtge 3VnS
:
,
105%
105%
General 4'/as series D
General 5s series C
105% 107%
105% 107%
105% 105%
Bt Louis Div 2d> gold 3s^.—1980
Atl Knox ft Cine Div 4s
1951
1934
1952
94ya
136%
117% 120y8
*105% 106 J/a
1st & ref M 3%s series P.
Goodrich (B F) Co. 1st mtge 2%s.l965
Grays Point Term 1st gtd 5s
.1947
Great Northern Ry Co—
73
83%
—1949
debentures
1st &
General 5'/as series B
60
„——.1949
—1949
stamped
Louisville Gas & Elec 3%s.
Oct 11945
Certificates of deposit
t§ AGa Caro & Nor 1st ext 6s
Certificates of deposit
69
62%
132
Louisville & Nashville RR—
1969
& Ala Ry 5s
60
52.
-—2003
Lorlllard (P) Co deb 5s—
Gas ft Elec of Berg Co cons 5s
1949
General Realty & Utilities Corp—
65
45
*54%
Lehigh Valley Terminal Ry ext 5s.l95i
Lex & Eastern 1st 50-yr 5s gtd
1965
Liggett & Myers Tobacco 5b.
—1951
Little Miami gen 4s series A——1962
104
87%
96%,
48%
2003
2003
2003
2003
5s stamped modified
ii2y4
100
88%
80
1954
1950
registered
Long Island unified 49
Guaranteed ref gold 4s
conv
1970
.1954
stamped modified
4%s registered
1C4%
112y4
,Francisco Sugar coll trust 6s
A4s
4%
.——1964
4%s
1959
Sf, ref 5s series A
{A Georgia
•4%
58.?..—....—1964
Leh Val Harbor Term gtd 5s
—
5s__1943
Certificates of deposit
{Florida East Coast 1st 4»/as
Certificates
—
104% 105
101
4s
a
*175%
1975
Lehigh Valley N Y 4%s ext.
Lehigh Valley RR—
4s stamped modified
A 1st
*105ya 109
—.1954
108 %
1st mtge
72:
108%
:
Lehigh Valley Coal Co—
124%
*103
ser
—
1997
w — m.*m< — WW——
E
inc 4%s series A
mtge 3%s
mtge 3yas
mtge. 3'/as
cons
l'st
P
117%
Brie Railroad Co—
1st
108%
*111%
..1997
A 1st mtge income reg
Lehigh Coal & Navigation Co.—
124%
122 7/a
stamped
Geu mtge
65%
108% 108%
...1961
1961
—
122
707/a
Lautaro Nitrate Co Ltd—
157
155
*155
El Paso & B W 1st 5s
5s
107%
123%
*61
Lake Sh ft Mich Sou gold 3%s
3%s registered.
i,
;
Elgin Joliet & East Ry 3J/4s
104%
123% 123%
104%
122
East Tenn Va & Ga Div 1st 5s_.
Ed El HI (NY) 1st cons
gold 5s_
Electric Auto-Lite 2y»s debs—
105
41
41
105% 105%
1965
104% 104%
103 "w
*102
1974
4%s unguaranteed—*..—..1961
Kings County El L ft P 6s
—.1997
Koppers Co 1st mtge 3s, ;
...,.1964
{AKreuger ft Toll 5s ctfs.
1960
45%
114
116% 116%
107 %
1961
<
71
*53
83%
105%
81
1987
107 %
85Vo
76%
106% 106%
*—
"...
1950
1975
2%s
107% 108%
77%
80
Kentucky & IndTerm 4%s
106 Va
*108
1970
Detroit ft Mackinac 1st lien gold 4s 1999
A Second gold 4s
—.1995
Detroit Term & Tunnel 4%s
1961
79%
Kentucky Central gold 4s
106%
106% 107%
1968
ref 3s series H
deposit
1st mtge 4s ser A
;
ARef & impt 5s series B
of
•
•109%
1936
Kansas City Southern Ry 1st 3s
..
Detroit Edison 4s series P
gtd 4s
A Certificates
1955
A Assented
-
;
IA Refunding
Minn St Paul & Sault Ste Marie—
1st mtge 4VaS inc ser A
Hackensack Water 1st mtge 2%s—1976
faocxuig valley Ry lsi
{jAHousatonic Ry cons gold 5s
Household
Finance Corp
Hudson Coal
1st s f 5s
Hudson Co Gas
2%s
1937
1970
A
series
is»ys»
1st gold 5s
1962
1949
Jan 1971
A Gen
Jan 1991
mtge 4s inc ser A
Mo Kansas & Texas
*102
146
*102%
102
85%
102%
102%
104
146
140%
150
100%
104%
—
102
Prior lien 5s series A
111% 113%
IIIV4 111%
'
.
Hudson
ft
Manhattan
1st 5s
A
AAdj Income
.1957
1967
.72%
34
75%
66
;?
80%
36%
30
•'
.1962
40-year 4s series B...
..1962
Priot lien 4%a~ series D^.—1978
ACum adjust 5s series A—Jan 1967
94
80
1990
Missouri-Kansas-Texas RR—
-
100% 104%
87%
1st 4s.
45
■'
-
{Missouri Paclfio RR Co—
A 1st
90
92%
40%
89%
44
92%
1978
89%
92%
gold 5%8——....1949
.27%
89%
301/4
89%
92%
87%
88%
ft ref 5s series A
A General. 4*
—1965
.
.....
....
|
,
A 1st ft ref j5s series P.——.—1977
■
.
A 1st ft ref 5s' serier
AConv
Dlihcii Bdll Tdep ^%a aericii A^ii98l
32
104% 108%
A 1st ft ref gold 5s series H.....1980
Illinois Central RR—
..
,;.
1st gold 4s
1st gold 3%s—
^
Extended
1
—1951
—
3%t&
1951
————1951
4s„——^.1952
Refunding 4s—
,1031^04%
*68
102% 102%
-——1955
103% 104
purchased lines 3%s
1952
^Collateral trust; gold.44——3953
v
Refunding b.l——
ri.ir,
1qsh
:^40fyear- 4%s—.ui. '<***&
.—.1966
Cairo Bridge gold 4s
1950
103% 104
Litchfield
Div
1st gold
Louisville Div ft Term
Omaha
Div
1st
gold
3s__
_1951
gold 3%s_l953
3s
1951
St. Louis Div ft Term gold 3s
Gold 3%s.——.^.A——..—1951
For
footnote
981
'
I ^ri02%
2
page
1105
102
1
107% 107%
97
98
'
*106%
—
*100
102
*..
105
*.W
104
-a
106
104%
105%
6
95%
92%
108 %
.91%:/97%
'106
106 '
102
103
921/4
Moh'k ft Malone
1st
gtd gold
48.^,1991.
Monongahela Ry 3y4s series B—..1966
Montreal Tramways 5s ext
1951
Morrell (John) & Co 3s debs
1958
Morris ft Essex 1st gtd 3yas—..2Q00.
*105%
*103
68%
.—..—1955
79%
Con str M 4 %f: series B>...i».^^4i956
Mountain States Tel ft Tel 2%s_—,.'1986
71%
Constr M 5s series A
Mutual Fuel Ga«; 1st
gtd 0*,^—~J.941
—
102% 102%
—
69%
79%
71%
101% 101 Va
103% 103%
102%
106
99%, 103.
Louis—
101
—
—
WW
see
108
102% 107
1
1951
Springfield Div 1st gold 3%s—1951
Western Lines Jst gold 4s——1951
Registered
98
...^*1081 /
110
r'
•2^;tlQ4Mi'l0t%
1951
1st gold
1st gold «Js sterling
Collateral trust gold
105%
A 1st• ft ref 5sr series
102%
Nashville Chattanooga &
102
106%,
1st mtge - 3s ser B——........1986
National Dairy Products 2%s debs.1970
National Steel 1st mtge 3s_—..1965
105%
106%'
104% 105%
{ANaugatuck RR 1st gold 4s,
—1954
103
103%
102%
105%
103%
106%
107%
110
,'v
'
—Stv/W
Monday, August 26, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
vv
11 04
V
%*>k.
NEW YORK BOND RECORD
RANGE I OR WEEK ENDING AUGUST 23
Last' '
"
New
York
Interest
Exchange
Stock
Friaay's
or
Low
Newark
1948
—1945
J-/
:
97
i-J
118
*_.
108% 109 %
25
105% 105%
2
New Orleans Great Nor 5s A.
1983
j -J
N O ft N E 1st ref & imp
1952
J-J
4s.-w—.1953
i-J
4%s
114
F-A
.
*107%
'118
-
Pete Marquette Ry 3%8 ser D
Phlla Bait & Wash lst gold M
General 5s series B
4
105%. 108
107%, 111% :
of
A 1st
-
series
5s
deposit
3H>:
of
71
89
,
■'
104
103
*
104%
'90;
109
96
>
104
M
...
106
*■':
53
94%
108
6
94%
89%
106
104 "
94%
5s series C
..1971
A 1st
of
of
95%
40
95 y2
109'/,
ACertificates
:
of
Ref &
imut
5s
series
f-a
A...:»w«.^.,20131
'
igai
take Shore coll gold 3%s..._.u...l998
;3M»s registered....;
'. iqoq
3%s
88%
89%
89%
91%
143
98
98
99%
85
W
f-a
100% 101
1057/2 1057/a
5
104% 108
:
m-n
105
5
M-n
38
104% 107
104%-107
17%
20
'
10-
103% 105%
Ref mtge 3V^n ser E
/ ist mtge 5s ser p___
—
,
100
102
98%
*97%
86%
f
*__
ill
Y Dock
1st gold
N Y Edison
80%
80%
"T-
7
13
15
100
3 V« s
4s
F-A
a-o
104%
a-o
.I960
<->i
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■
f-a
937/4,
1
(%•
*100
,
107
105
4
"i
2043
n Y. tack A; West 4s series A—1973
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J-J
J-J
4 Mis series n
•-
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197^
113
8714
Jf-N
115% 115y4
115
119 y4
87'A
14
88
*—
98%
*
•
121
*127'/a
•
120 7/4
V;
deb
4s
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deb
3M»s
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deb
.1947
ir-a
1947
jr-8
.
3 Mi a
*—
.
1954
A-O
ANon-conv
deb
4s
1955
j-j
ANon-conv
f?
deb
4s
1959
Jf-N
certificates 3%s___1950
AConv
6a_.
'
deb
i A Collateral
A Debenture
A 1st
I I~1940
..._Il957
trust 6s
ft ref 4%s series of
~2
1357/4
1321/4 132 7/4
1357/41357/4
106%
106% 100%
15
105% 109
3%8.1964
M-N
102%
102% 1033A
18
102% 1047ft
102% 102'/a
1962
—1974
j-d
102'/a
6
102'/8
4
..
;f
*118
_
j-j
--
*101
■
—
Jf-n
62%
61%
64%
47
86
86
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19
M-N
■
30%
30%w33%
116
59% | 62%V*
121
j-d
■
'iv - '21%
'sm
M-a
j-d
'
«
x ?ower & li&ht lst mtge
lst
2%s_1975
gtd 4s
cons
30%
mm
109
109
*163Va
—
""3
.
Mi8
IA 2d
gold
2»an
if
west
<te
1.1937
f-a
P-A
5s
^^.1943
1st 4%a
mm—
250
251%
103% 103'/a
5
103
105%
100'/8 100%
20
100
1027/2
1057/a
104'%
107
115%
.
50rf?lk & Western Ry
North
Central
«
3s
1974
i
1997
V & Id gold 3s
Jan 2047
j-j
102%
ft Grand
Jos
49
a-o;:
137
100%
103%
14
52%
4
im,3t 4^*s series A
Ref & impt 58 series C
Ref St impt 5s series D
135% 13?
;
.Tl'r.Q-Jvf;'
..
.>i-Q-F..:
115%
•U'r
84 .
"
114% 115'/2
83%
143
143%
85%
113
82
lst
lien
107
107%
21
107
of
107
107
108
20
107
112
1975
M-a
104%
104 y8 104 >/a
F-A
A-O
>103
.
"
103%
Jf-N
103
110
105
46
91
103% 106%
of
Oregon-Washington
1949
58
102%
B
22
108%
23
13
22
A 1st
*;
29
107
107
105%
103
102% 103
21
.101 Mi
106
F-A
101%
101% 102%
18
101% 105
106% 106%
4
107%
23.
>
of
ACtfs
of
j
&
Electric
Co—1
lat <Se ref M 3s Aeries D-..lst & ref M 3s series M
1st &
Pacific
j-d
..1970
j-d
108 % 109
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Peterson
1st
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nJL971
7
10
108%
109% 109%
108% 106%
11
104%
104% 104%
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46
j-d
t gold 4%s__l95S
St Passaic G St E cons 6s.l94g
a
1067/2 109%
8
108%
j-d
1979
mm
18"
io7y8
;
3MiS
noy4
llftffff
A-O
*108% 109
Pennsylvania Co—
Gtd 4s series E:trust ctfs
___1952
Pennsylvania Glass Sand 3%s
I960
Pennsylvania Power & Light Co.— I
-
;
1st mtge:3s
3s 8 t debentures-
;.t<i76
110%
Jf-N
•
3s
107
107
Air
of
Line
All
.
108% 110%
J-D
debentures-
boutnern Paemc
1067/2
1C57/2
Consol
i
gold 48J
4s sterl stpd dollar—.
2
J0?7/S"104 7/2
6
4%s
1968
j-d
5s
A
B
1968
General 4%s series D
Gen
Conv
j
.
Gen
deb
1984
3V4g
_1952
mtge 3V8s ser p
Peoples Gas L
Peoria
.1981
mtge 4y48 series E
&
Si
Eastern
AIncome
O ref 5s
4s
1947
1960
ext..
4s
Apr 1990
Peoria & Pekin Union
For
1988
footnote
see
Ry 5%s
page
1105
Irr.
1974
126%-126%
1
122% 123%
123%
36
1297/a
517% 1277%
104%
54
55 %
'2
53
54
•'"1
1:53 Vi
551%
8
72
747%
9
69
80'/,
71%
74
37
69
81%
70'/2
75
60
bs
.2016
etis.—.
.........
•
131%
1221/8
• :yyj
j-j
.1965
■
£/}!<;'
r
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i
.
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i.
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ft
gen
ft
gen
Mem Div
lst
104% 106
54
104%
110'/,
21
105
107
95%
15
94%
102%
911/*';
75
# 89%
937/,
J-J
J-J
91
1
1097%
39
118
119
19
110
a-o
13
-.120%
6m1sgold 5s———
.1950
.1998
J-J
J-J
^Spokane Internac
lst gold 4%s.. .2013
6
104
107 Va
«tanrt
p-A V-
__
*106
103%
s
106 Ma
10
81
94
5
50
83
106
:
107%
Louis Div lst
Standard
Oil
Calif
(N J)
2%s
dabs
*128
deb 2%s
Sunray Oil Corp 3% debs
Superior Oil 3%s debs.
Swift-
ft
bo
dabs
104'A
.1971
.1959
511/2
1
517/2
99'/4
99
67
105
99%
107%
■
51
4
•:
107%
67%
104%' 107'/4
93
99
.
105
Hi .99'/a
■
S 107%
f' 104'/a
*102% 104
109'%
103
1
'
m-N
128
107'/2
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m-n
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24
106
j-d
.1950
130
1047/2 105
106
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■
123 y4
135'/,
126%
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1077/2
M-N
.IflfiS
123'/4 123%
—
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51 : v
109'/,
109
118
1113/4
82
104%
12
145
109
105
50
130 7/2
a-o
14
81%
97
95
957%
a-o
; A-O
>
.
131% 132
J-J
debs— .1985
3%s^. .1974
*103i/4
90%
*-„
1950
6s_.
gold 4s
M-A
V
J-J
Southwestern Bell Tel 2%s
a-o
94%
95
Southwestern Public Service
Apr
106%
108% 109%
1351/2
of
102
106'a 106»%
3 35 y8
OH
104
108%
1231/2
Ma
108 7/4
57
106'/2
123%
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-
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8
105%
108
108% 114'%,
m-N
-
4
123% 124
112%
104
18
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112
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105
23
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128 >
109
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i
,
:
m-N
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.1994
105
102
63, ;^99>/
/
.1950
•
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57
...
110
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1986
1996
-
25'/a
101
99%
.
40
;
90'/a
17%
—
.
mtge 2%s
90
1
104'/a 104%
104%
J-J
131"
139'/a
;'v
10^%
.70
23
57
102% 103 ;
99
100'/#
J-D
Co—
Southern Ry lst cons gold
Devel ft gen 4s series
128%
130%
57
,
? A-0 «
J~~^-.»»^1979''
•, —...
1985.
Ry 1st mtge^.^11994
1.343
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99% 100%
100
f-a
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107
99%
234
79%
76
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•
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78
»
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61
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69
103%
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A
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.
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series P
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126
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1177/2
us
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54
131
j-j
'
54"
123%
105
63%
52
105% 106%
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105
114% 114%
*131
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A-O
11
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.1951
j-j
105 v
53'/a
116
.1935
Pacific RR Co—
1st mtge 27/8s ser E
102'/.
1041/4 107
1047/4 106%
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85
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~£o
1948
103% 105%
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.
100
93
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116
Southern
104 y4
Jf-n
i p-A
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85 y«
,
.
-
26
Jf-N
I960
series
107% 125%
105% 106'/a
948
Cons sinking fund 4%s
series
1
Mey 11948
General
:
81%
78
A-O
(Oregon Lines) A
1977
4%s_.^i..l—1960
S Gold. 4yas..
.
..1981
San Fran Terra lst 4s
1950
ill% 11314
10
.
93
6
M-n
Gold
lst
Pennsylvania' RR—
).
82-
104% 104%
A-O
3
85%
deposit.
RR
ria
Southern Indiana
:
109% 111
•/;''.*^..'*;110%':
iA-O
—„
120
94
94
(Guarahty'Trust)-*-,
dep (Chemical
2%s debentures
104% 107%
f
^
110 7/4
26.:
110% 110%
"
53'/2
Bouthern"Bell Tel ft Tel Co--
ill
107
Airlines—
inft.dflha
.COHV
39%
a-o
Bocony-Vacuum Oil 2,/2s
1976
Bouth ft Ndr Ala RR gtd ds______iyoJ
1077/4 nm
■
•
__
'Jf-8
39yv
6
F-A
lst 4%s
Pennsylvania-Central
-
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52% :
52%
52 7/a
"■
260
•"
41'/a
73%
73
78'A
51
8
597/2
Asm
40%
'
j-j
j-d
1950-
A
series
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•
j-j
-
40
'
40%
^.iv. j-j 5
j-jy;
.1971
Shell Union Oil 2»%s debs
Vs^Sllesian-Am Corp coil tr 7s__. .1941
109%
108
_
108% 108%
108%: 108 %"
j-d
.'..'..107^-'
ref mtge 3s ser N
;_1977
Tel & Tel 2%s debs.___.1988
Paducah & 111
■(
..1966
-
58 '/a
\
(stamped)
ACertificates
104% 107%
tASeaboara
&
47%
87
M-n
1988
mtge 4s" ser A.—
AGen mtge 4 %s ser
1st St ref mtge 3yas series I
1st & ref mtge 3s series Ji
lst & ref M 3s Series K
47%
1
60%
——
Nov 1989
ctfs„i.
1st
{
321
65%
dep
6s
cons
Seaboard
Paclfie Gas
57
58 Vz
59
♦SAAtl ft Birm lst gtd 4s_.
-
A-O
y4102%,
537/4
ACtfs of dep;
108%
A-O
>_1960
99
54'A
'
ISeaboard Air Line Ry—
5A4s stamped ,
v;
106%
106%
—
m-N
1978
ser
M-fl
98
iooy4
97»/a
—
deposit.
(unstamped)——|ARefunding4s._—-~:.~._-«..1950
ACtfs of dep (N Y Trust
ACtfs .of dep (Chemical Bank)^.
J-j
low
RR 3s
75
1978
102%
94%
*1021%
.
™1974
Oklahoma Gas & Electric 2%s
1950
107
100%
553/4
1941
1971
Bcioto V ft N E 1st gtd 4a...1989
O
Ohio Edison 1st mtge 3s
lst mtge. 2%s
J-J
tSASt P & K C Sh L gtd 4%s
Bt Paul Union Depot 3%s B
SOgdensburg & Lake Champlaln Ry—
4s
1950
certificates
4s inc bond
ACtfs
guaranteed
j-j
103'/2
10
96
*96
a-o
deposit
5s series
; A Ctfs of dep
A 1st
105
'• 24
102% 105%
—
1037/2
>107%
105
96
IA lst term ft unifying Ss_._..
.1952
AGen ft ref gold 5s series A—..1990
Bt Paul ft Duluth lst cons gold 4s_1968
112
M
1964
16
105
20'%
14
17
*100%
Francisco Ry
ser a
bond
4s
A 2d
90y4
•■j-j- '-
.1974
1978
16
17
17
tSt Louis-Southwestern Ry—
94%
83%
2047
lst mtge
74
56
60
16
j-J
j-j
j-j
...
1117/4 122% iVA
47
107'/2
_
-i
j-j
ACons M 4%S series A
ACertificates of deposit
:
127%
28
82
••
60
'
j-j
106
*109% 110%
m-s
'
*80
*1087/2
1971
4s
ACertificates
131% 133%
mmmr
lll-112'/2
'
.
lien
A Certificates
A Prior
135%
14
2047
mtg§ 2%s.
^
'
II
'130%
2047
Coll trust 4&b—:
Northern States Power Co—
(Minn) -1st mtge
'
A Prior
-
138 %
iwi:
X Wfc
'
u-s
1947
lst 4s
St L Rocky Mt ft P 5s stpd
109%
71
Island
Bt Lawr ft Adir 1st gold Ss
2d gold 6s
10
-
125%
109
109
108% 108%
108% 109%
125%
—
m-s
mm
88
72
109 / 109
M-S
.1990
1990
1958
Saguenay Power 3s ser a
Bt
108
5
:
*126'A
42
28%
139
108%
M-S
32%
: 100
96
*rn-m
31
6
80
76%
75
39%
26
102% 102%;
54%
58
0047
&
lst
1
97%
113% 114
J-J
107y4
55
1974
reelrtered.
(Wise)
108
90%
%
104
104% 108%
36
N
106%
105
24% ^
28'/2
A-O
1st gold 48.1990
48 "Stoered-,
***? llen
28%
83
*103
M-N
A-O
ft coll trust 4s A_
cons
ISt Louis San
ippg
Northern Pacific Ry prior lien 48—.1997
/
*96
m -a
_2014
Gen & ref 4<6s series A
<f
*—
J-J
1990
& ret 5s
gen
15%
102%
100%
Jf-N
Rochester Gas ft Eleo Ck>rp—>
Gen mtge 4%s series D
26%
7
12
103'/a
J-J
1977
Gen mtge 3%s series H
1967
Gen mtge 3%b series I
1967
Gen mtge 3y4s series J.....^..1969
IIAR I Ark ft Louis lst 4%S
1934
t ARut-Canadian 4s stpd
1949
SIARutland RR 4%s stamped
1941
50%
•21
5
55
*—
Jf-n
^^1946
inn
conv
84%
110%
R00W0#^i
—
*250'/a
j-d
1949
A lst
9S
30%
105%
j-j
Norfolk 8outhem
Ry Co—
1st mtge 4 Mi s series A
mtge 5s
84
*105
55
1937
Bost
*
83
•59 % i 81 ?
37
105% 105ya
—.1940
Niagara Palls Power 3M*s
A Gen
a-o
j-j
4Mis
»AGeneral gold 5s
§ATerminal 1st-gold
,
103% 103%
M-n
.1963
SdsQ & W 1st ref 5s..i
;
j
'
108
112%
108
R
75
84
^
1965
51%
66
7%
<
45%
109
fT
*1093/8 110
—
j-j
Reading Co lst ft ref 3%s ser D..1995
1960
tiARlo Grande West lst gold 4s__ 1939
145
221/4
107
113
29
v
108 *
II
Jf-n
Revere Copper ft Brass 3%a
107% 111
A
7
Jf-8
1993
N Y Queens El Lt & Pow
3Mi8
N Y Steam Corp lst 3
21
-
105%
—
Jf-S
78
61%
*107%
Jf-N
1955
N Y & Putnam
m
102%
99
—
_
*11
—
j-j
75%
f5ow^r?"^
127
,
:
mm
'i$:
113
j-j
P-A
.1964
Quaker Oats 2%t deb.
77%
58%
15
^
102%
105>/»
'
102
*105%
1021/,
98»/j
—
_
j-d
..1977
—1964
*127
mm —
—mm
987/4
103%
*127
— mm
■
,
127
*103%
•mm.
f-a
—1
102
—
;
106
102%;106
t98% 103%^,
7
•
102
mm—
a-o
142
104
j-d
A-O
138'A
134%
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105% 106
j-d
ino deb
•
*105%
j-d
j-d
A—1949
132%
"5'
■
104% 104%
j-j
195#
,...1960,
B
-
75
51%
53
J-J
1927_Il907
4s
1
a-o
1A Harlem River & Port Chester—
1st.4s_:
10*4
JAN Y Ont & West ref 4s_._June
1992
AGeneral
?
J-J
TP48
-
54%
51
.
•'%
>
96
54%; 56% if |H*37?;$* 54'%'
54'n
5^456%>\^ *
52%
:.!54%
"
ADebenture
58
'52
52
135
'
AN Y New Haven At "Hartford RR—
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134%
1267/52
..
123
127 »/a
_
*132
Jf-n
103%
97%
..
*—
;iy,
P-A
Potomac:^^Ei Pirr 1st
3%«~—1966
1st mortgage
lAProvldence Securities 4a
1987
t A Providence Terminal 4a
19505
Public Service El ft Gas 3%S—1988
1st ft kef mtge 3b
~.1973
lst ft ref mtge 5s
2037
lst ft ref mtge 8s
.
. 2037
109'/4 111%
107% 109r
113
118%
» j.. ^
/u.
104%
105%
*
106'A
117% 122%
a-o
«.st 4%S series D
jiPlttston Co 5%
1051/4
A-O
series C
6s
gen
1
*119-121
f-a
*
1st
21 'JV
.V.Jvj
1051/4 1057/4
."'dw'Siifr'-'
•
Jf-n
..
rhy
'
17Ve
j-d
Pitts Young ft Ash lst 4a ser
1st gen 58 series B
—
106%
102%
4
i;
107% 107%
r
101%
102'/,
5
:103
105% 105%
•
,,,
37
; -um« ^*109%' .114^i.^«
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yr u^x.-
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:
■MM 4tii.-;'
J-D
1948
Purchase money gold 4s—...i—.1949
N Y & Harlem gold 3%s
2000
103
•P
102% 103
104% 104%
103
p-a
*
Mtge 4s series a
Mtge 4s series B
18,.
20
.1041/4
1970
1975
1st mtge 4%s series O
103%. 93%
98% 100%
■
99
;
a-o
..1965
& ref 3y,s series E
N Y Gas El Lt H ft Pow geld «s
17%
104
j-d
Pittsburgh Consolidation Coal—
3%s debentures .......,...«.»»^.1961l
Pitts Steel lst mtge 4%8
.11950
lst mtge 4%i series B
1950
Pitts & W 7* lst 4%s series A
1958
95
97'%
80%
.
.
103% 104
J-D
—.1951
D
series
18
2
..1975
A_
lst mtge 4%8 series
87
82 »/a
*^jV
./
1097/2
86'/4
9
87%
82%
f-a
1980
.._«.198B>
1st lien
105
1041/4
f-a
■
1147/a
.
97'/>
:}
86%
:
82%
f-a
N Y Connecting RR 2%s ser B—1975
N
105'/2
105
;
5s series B
Pittsb Coke ft Cbeip lst mtge
99%
98'/4
102%
97 y8
New Yprk Chicago & St Louis—
:
105
j-j
1937
mtge 3%s ser E—
Gen
•
f-a
1998
registered—
100%
M
89'/a
./
Gen mtge
108%
j-D
—1974
Gen mtge 5s series
107 y8
96'/z
87
187
1998
Mich Cent coll gold 3Mjs
,
•:
J-J.,
SMiS registprAa
'
87
a-o
2013
C
88%
a-o
1998
i N Y Cent & Hud River 3MjS____1997
V*.
1
106% 106%
deposit
Ref &, lmpt; 4^A seriea
,
107% 108
deposit
N Y Central RR 4s series A_
-
101%
F-A
101
*0
series D__
4'/as
A Certificates
A 1st ■ 5 VS»s series
i
■
deposit
135
105%
1967
,
A Certificates
142%
131
4
Pittsburgh Clnd Cht ft Bt Louie—
Series E 3%s gtd gold
1949
Berljs F 4s guaranteed gold
1953
Beries G 4s guaranteed
1957
Series H cons guaranteed 4s~~.1960
Series I cons 4%s
—1963
Beries J cons guaranteed l%a—1964
92%
92 %
103
104
deposit
83
84%
86
*—
B
A Certificates
A 1st
t
137
_
'H
85%
86.
A-O
5s series A.
Certificates
-
*135
j-j
Range Sines
January 11;
Loto
High
104% 105%
27
141%
108 »/a 108%
Phillips Petroleum 2%a debs.*.1964
•
,
|New Orleans .Teres ft Mexico Ry—•
JANon-cum inc
104% 104%
■
j-j
tfiAPhilippine Ry lst s f 4s—.
ACertificates of deposit-
1Q7%; 108%
—
No.
1961
2%s
ref
and
lst
:
Sold
High
F-A
1977
■
■
104%
Jf-8
1980
—1974
General gold 4%s series C_
Philadelphia Co coll tr 4M»8—
phlla Electric lst & ref 2%s
;
■ 1st
& ref M 2 %s_^.«.-~..
"
107%; 110
108% 110
108%
105%
96% 103%
110
114 %
125y4 127%
10
1
*125% 126 J/4
M-H
High
110%
98%
1
jr-a
N J Junction RR gtd 1st 4s——,-1986
New Jersey P ft Ir 1st mtge 3s.—1974
New Orleans Term 1st gtd
tow
4.
Bonds
Friday's
or
Bid & Asked
tow
'
97
Last:
Salo Price
Period
108%
3
Week's Range
Friday
Interest
Exchango
Stock
York
January!
No.
110% 110%
110%
J-D
New Engianu xel & Tel 5s A..-..-1952
1st gtd 4%s series B
_________1961
High
New
Range Since
Sold
108% 108%
98%
99
j-D
Con.sol Gas cons Ps
t§ ANew England RR gtd 5s
jAConsol gtd 4s__
Bonds
;
Bid & Asked
Sale Price
Period
bonds
Week's Range
Friday
O NDS
V.
106 y4
104 ^ 106
i
THE COMMERCIAL &
Number 4S19
yolume 164
1105
FINANCIAL' CHRONICLE,
NEW YORK BOND RECORD
*i;fi ;■ - f>r
-
,-v
* •. w,
-V?
'•*.. • v.;• /■';•. '.V ;
>'
•••'':
-
RANGE FQB WEEK ENDING AUGUST 23,
New
York
Interest'
Exchange
Stock
Period
Last.
Friday's
or
Sale Price
Bid & Asked
LOW
Sold
High
Sale
Period
January 1
Low High;
No.
,
Last..
Interest
Exchange
Stock
York
New
Range Since
Bonds
;
Week's Range
or Friday's
Friday
BO N D
Week's Range
Friday./?
BONDS
■M
.•
V'.
,
Price'
Bond*
Bid & Asked
Low
Bango Since
January 1
Low High
Sold
No.
High i
:
W
'Terminal BR Assn of ,St LouUh—
Ref & imp M 4s ser C
;
—
Ref &
.is; 1st &
1st
i
ref M 3 Vis
&
M
ref
ser
*131%
J-J
A-0
6
,,-1970
B—
A-0
103%
103% 104%
22
99%
99% 100%
138% 140
104% 105 '
19
C
-1990
A-O
2000
J-D
Gen & ref M 3%s ser E—
Texas Pacific-Missouri—
.1985
J-J
Pac Tenn RR of New Orl 3%a~1974
Third Ave Ry 1st ref 4s
A Ad J income 5s
105% 109;:;
10
106
106% 106%
Texas & Pacific 1st gold 5s—
•
140
104%
*105%
J-D
A-0
Jan 1960
68%
*105%
69%;
105% 108
102% 105%
'88 % 104
51%
82%
,103
105%
—w,
37
;
138
Tol & Ohio Cent ref St lmpt 3%s__1960
Trenton Gas & Elec 1st gold 5s—1949
J-D
Jf-S
Jf-S
„
'*109% i-i/;:
Tri-Continental Corp 2%s debs—1961
'102% 102%
—
-
110
110
101% 103
Dntori Electric Co of
xr-H
fJAUnlon Elev Ry (Chic) 5s
Union Oil of Calif 3s debs
2%s debentures
?
19«
1967
*104
104%
*_L
A-0
34
34
34%
9
103% 103%
'104
< 104
J-J
J-D
iu
109% 112%
104
107
*110% 112%
A-0
Mo 3%fc—^1971
1st M & coll • tr
,
11'
'
.
103
104%
102% 105%;
1st & land grant 4s
; :
4 g- ;•
;
.1947
.U1976
105
F-A
1991
2 %s' debentures
M-8
Ref mtge 2%s series C
,
United; Bisctilfc/2%s debs^i^iw.1966;
.—1976
104
45
8
100% 100%
9
103% 103%
5
Af-S
100%
A Certificates
|
I
.
/if-N'
102
93
95%
ir-N
34'
5
;
'34
56
51
7
102% 102%
109
110
'
34
*109'
0 i:
d Ex-Interest,
e
Odd-lot sale not
cons
g 4s
F-A
series A—1956
j
*114
Cons 8 f 4s series B.;— —1957
.Virginia Electric & Power Co—
M-N
1st & ref mtge 2%s ser E
1975
Va Iron Coal & Coke 1st gold 5s—1949
Va St Southwest 1st gtd 5b
—2003
Jif-S
114
—
,
111
115
*100
J-J
*123
122%
111
107% 108
18
107%
JT-N
Accrued interest payable
115
♦Friday's bid and asked prlces; no sales belng
ABonds selling flat.
'
106% 113
trahsactod during current week.
ha'
YEARLY RECORD
.......
I
.
-:i.\
.
..
t,--V
•
V-.7 i-l;
V-v":
a
uie xuiiuwiiig exieiibive list we x ui uimi
o
v. v,.*v ..
v,
.. v,,
T
In; the following Extensive Ii6t we furnish a complete record of the transactions on the New York Curb Exchange . fou the
Aug. 16 and ending the present Friday (Aug. 23).
It is compiled from the jclaily reports of the Curb Exchange itself, and
security, whether atock or bond^ in Which any deaUngs have 'occurred during the current year,
•in
"
RANGE
STOCKS
New York Curb
Last
ACF-Brffl
Motors
warrants
7%
"5%
4%
Supply Mfg class B
ivllg common
Air Investors
Convertible
17%
5
4
16%
Great
Alabama
Alaska
13%
preferred
Allied
Int'l
Allied
Products
Investing $3
Bros
(Mich)
Jan
Associated Tel & Tel elate A—
5% Aug
9%
Jan
Atlanta Birm St Coast RR Go pfd.,100
Atlantic Coast Fisheries
1
Jun
109% July
133%
Jan
Atlantic
Atlas Corp warrants
»
•
123
111
Aug
"7%
2,400
67/e Aug
12
May
12%
300
12% Mar
40
; Feb
16
Jun
*
Co common—
*
22
78
84%
I,900
115% 115%
300
113
100
22
July
Aug
13% Mar
Aluminum
Goods
Aluminum
Industries common—
Mfg
—*
22%
22%
22%
63%
203
195
195
200
Mar
15
Atlas
reg——JB1
Coast Line Co.;
Feb
18% July
27%
Jan
1,600 7'
Automatic
14% May
10%
3%iFeb
ii
7% Aug
25
**9
3,100
■
rn
Juiy
9
7,600
24
31%
34
2,200
12%
12%
13
200
12% July
100
8% Aug17 '
Feb
Avery (B F) & Sons common—.
.5
6% •preferred.;*——^.——..—.35:
8%
•'
500
18
19
26%
26%
35
36
600
47
50
1,400
18
1
25 Va
25
Amettdut- Beverage
American
Book
American
Central
American
Cities
Mfg
Convertible
Class
Power
class
St
10%
25
.——.—25
>ClasS B.,—
,1
American Cyanamld Co common
10
American & Foreign Power warrantsAmerican Fork St Hoe common
•
l
American
4% %
Gas. St .Electric
American
General
55 a"
54
55a92
1,750
51%
51%
51%
50
26% Jan
41
May
39% Feb
63
klap
B
Jan
26
207% Aug
114% May
49
BabcockiA Wilcox Co..
Carp
76
*
Apr
22% Jan
14% Jun
8%
8%
8%
55%
2
22 i 4
22%
46%
110%
'7
2%
3,900
23
750.
.
-
45%
47%
110% 111
,,
4
;
4
5,400
175
1
50
4%
50 %
.V-r 425
51%;
••
63% May
5% Jan
Jun
49%ApV
.29
21% Mar,
40
July
109% Jun
4
July
1,300
50
51%
common—100
convertible .preferred—.;
$2.50 convertible preferred;
Jun
11% Apr
47% Jan
1% July
.1,400
2>/a
Aug
52
Jan
7% Jan
900
53%
55 3®
50% Jan
47%
47 ;
25
113/ Jan
5% Jun
R
Jun
Feb
fii% Jun
,54
/Feb'.;:
Beau Brummell Ties new
Beaunit^ Mills
25%
24
American
40
39%
:
25%
41%
Laundry Mach—
20
American Light St Trac common
25*
6%
preferred——.——,—25
-
American
American
Mfg
Co
Maracaibo
25%
26%
.;; 2,600
28%
28
28%
500
18%
4%
300
"4%
18%
4 V
44
41%
44%
II,400
41-
42%
American
Republics....
10
American Seal-Kap common——9
18
*"7%
7%
450
600
7%
7-
Jan
300
7
Bell. Tel of Canada-
Convertible
.100
Superpower Corp com
♦
preferred.—
Thread 5% preferred
5
American Writing Paper common——*;
series
American
Anchor
f
Post
Products
—1
see
page
'
2
64%
6
2%
36,600
6
2
3,300
691/4
43
300
,
Aug
'
Jan
1
23%
St Mach Co com.,*
131/4
Jan.
Jun
Birdsboro Steel Fdy
Blauner's
$3
i
Jun
7% Feb
10
10
n%
11%
10%
710
Bohack
7%
Breeze
700
11%
500
•
1109
5%
41%
5%
5%
38%
42%
116% 116%
300
1,000
...
36
12
41
42
150
30
Feb
May
6% Feb
Mar
IB
Mar
48% Apr
111% Jun
116% Aug
British
•
Am
7
4%
4% July
250
55 / Feb
543A
150
34%
363/4
1,300
22
ord bearer.
ord
reg.
45
Jan
Feb
20
135
Mar
23 Va
4%
1,300
22%
22%
,
43/o
25%
■i
49
May
6% Jan
56% Jan
55% July
39% Jan
70% May
150
Jan
65
Jan
Jan
Mar
31% Apr
19
Jun
27% Jan
; '
700
,700
4%Aug
1,900
ii
•
..y/io
31% Feb
5% Feb
Feb"
31
12% Apr
Feb
Feb
24% Apr
—
r
Feb
7% Mar
20%
r~*
33,
23% Apr
36
27
.
jun
Aug
:
193/4 Aug
JEl
.31
21% Aug
31
36
rets
54% Aug
100
57%
•40
9%
Oil Co——
American Tobacco-
dep
6.500
23
———^.1
A
Am dep recta
16% Feb
4%
'
Jan
F
24% Jun
Apr
Jan
55 Va
4%
22
Traction Lgt St Pwr
British American
Feb
15%
5
,
1,400
..T—,
17% Feb
12%
•
13'A
Jan
39
21
Jan
24%
V
40'/a Jan-
3% Aug
19%
39% Apr
'33% May
9% Feb
203
July
34% Jan
21
Bridgeport Gas Light, Co—♦
Bridgeport Oil Co—■»—'
Brillo Mfg Co common
"
9%
23%
12%
250
-
——
.
Corp common
Aeronautical....
&
543/4
1st preferred
Brazilian
Jan
22% AUg
736% July
57%
Borne Scrymser CO——
Brewster
'
4)800
138
——
"""
**4 "
Co common.
Inc
'
j
3%
36
St Co
(8j
(H C)
i
<
55
4%
$3 opt conv pfd called————* /
Blumenthal
165
60
200
>
.
/. '$■.
42
1
ootional convertible preferred—•
common
11% Aug
2,100
7
£1
100
—*
common
Blue Ridge Corp
16% July
10%
1
pfd
*—***■
Bickfords Inc common
SVa Jan
89
197
•7 •:
Jan
11% Apr
5% July
8% July
——
200
Feb
May
July
12
July
Apr/
21% 'Jkn1
5% July
'
5%
preferred
3%
Class
—
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
footnote
6
2
Angerman Co Inc common
Anglo-Iranian Oil Co Ltd—*
Am dep rets ord reg
Angostura-Wuppexman
For
2%
67%
28
.
5%
July
25
12
32
/
Jan
-22
34'%
27
10% Jan
Feb
-8 V4 Aug
17
1,675
1
33%
'27%
St Hedges common
Benson
Bourjois
Amer
-A
..,..,.'.1
1
57% May
57% May
24% May
Aug
B)
32
Mar
8% Mar
1,600
8%
8%
29%
12
12
Berlrey & Gay Furniture
5% Jan
50
(A
29%
Abg
29% May
32% Jan
24
41% May
39
Apr
15% Jan
2,900
18%
46
24% July
28
July
18% May
3% Mar/
—*
American Potash .& Chenr class A
27
July
39% Aug
.: 600
42%
-1
Co
23
; i50
25%
25
common
American Meter Co-—_—
;
•.
com^——ll <
4--*—^0^0
Shoe Corp
Bellanca- Aircraft common
Becx
8%
Jan
July
19%
200
23
22
23
20
8,700
9%
8%
8%
Mfg—
m
« /
A common——.J
Basic Refractories Inc—^...,.^————1;
Bauman' (L) & Co common.——.1
& Seelig
$1.20 convertible
f
American Hard Rubber
American shares.^,.
Steel Corp.
Barium
Barlow
AUg
July
10
Banco de los Andes—
44
14 Va
15
14%
14%
Robber Co
Baldwin
,;4iy# Apr
-30
preferred.
5% May
Apr
Mar
7
53%
10
S2
■;
400
100
preferred—
,
18
57
Jan
,22%Jan
28
Apr
Feb
25% Feb
Light—
A—
A—
.
10
17%,
4%
400
70
3%
70
1
'
;;
4
70
1
common
Co.——————100
Jan ;
Apr
-
Baldwin Locomotive.
/
13%
Jan 7 77,38%'May;/
18% Jan
33%
8Va
Jan
16y4
91
75% Aug
8 ..Jan
v'75"
76 %
•
ll%4jan
>
8%
75%
-•
Ayrshire Collieries Corp
12% May
-
2% Aug
-
1,700'
1
Machine
Voting
t
,
Jan
10% Mar
7.
10l/a
Jun
.
8% Apr
U
115 %
1
—
—
/
5% Aug
300
m
—.—-——
Products
8
10% Jan
''TI%
2
Jun-
15%
.
10% Aug
111% Jun
—
50
Plywood Corp—;
Automatic
,j
*
•
'
Feb
121
116% Jan
107% Aug
1,000
107% 107%
6%
May
90% July
Feb
Jan
19% Aug
-•
common
Jan
29
Apr
79%
....■,.100
48
21
450
21
•
6%. preferred,— 4,
Ltd
13% July
100
--
■';/;10' '
n*
2lMl%
V
11%' 12%
n%
High
;
9% Aug
ps/q
"
113
1
Associated Laundries of America.
"6%
Aluminum Co common
Aluminium
800
6%
Co
Jan
12%
5
Oil & Refining
Feb
.800
127
'
—.2.80
Equipment Corp
5%
July
12%
common
10%
Ashland
"7%
pfd
10%
American dep rects
100
conv
10%
Feb
—1
pfd—
Inc
;-5%
Aro
1
Power 4.20%
Airlines
123
123
5%
17%
22%
5
INi July.
Mibo-
50
5%
,
Associated Electric Industries-—
*500
,
13%
5%
........
..
Southern
& Fisher common
Altorfer
5
*
l%'io%
pd
non-voting.——•
A
3,000
1,400
•ft40O—
3,800
J
5%
6% preferred
10
Arkansas Power & Light $7 preferred-*
Jan
-
23%
Jan
15
400 ;
class
Loio
ii
9%
5%
Arkansas Natural Gas common.—
'Range' Siveelsnvsryl
High
5%
l
——
—
Common
Sales
Shares
10%
Inc
Argus
Feb
7%
21
.
PVPTV
for Week
of Prices
Low
Par
Apr
13%
5% Jan
4% July
14% Aug
preferred
convertible
Alabama
:7
1,200
1,500
2,800
common—
Air-Way Electric Appliance.
Abes
5%
15%
(NJ)
Alreon Mfg Corp
60c
4%
14%
Co
inDlllHo
Range
Last
Sale Price
Jan
16%
F
Aero
Air Associates Inc
~5%
Jun
30%
15%
A D
AlUowui.i.
22
23% July
V.'ire
Acme
Feb
11%
15% July
800
_
In
Week's
Friday
V,
High
6% July
900
J
10
—
Range Since January 1
Low
7%
16%
15%
-1
WEEK ENDING AUGUST 23
FOR
STOCKS
High
Acme Aluminum Alloys
~
New York Curb Exchange
Shares
Low-
7%
^
-
Sales
Range
of Prices
Sale Price
Par
**
'
for Week
Week's
Friday
Exchange
'
..:
selling www the «»«« weekly range are shown
outside w regular "ow'
v^eek beginning on Saturday
is Intended to include every
.. «v
w,-,
l?^Tf£5^hw^^"iSSw?'which they occur. disregarded is taken of such sales in computing the ran& transactions of the week, and when
footnote In the week in ^"^F^aies w No account in the week's range unless they are the only for the year.
^
in
..
jof;
ft.V
■■
p|
1.
34
£i3
AND
'f
-
,
.
NEW YORK CURB EXCHANGE
WEEKLY
«
Won 17 ef
reorganized under Seel
^
<
$4.8484.
at the exchange rate of
.
reported as being in bankruptcy, receivership, or
the Bankruptcy Act, or securities assumed by such companies.
123
109
3
111
A-O
P*
*
1 Companies
104
100
Af-S
1st cons 58—.
.—.——..1958
jinian Ry 3s ser B—.
.1995
fjVlrgi "
•{
"
pound unit of bonds
103% 106%
*103% 104%
iNegotiablUty^^4ttiFaired byihidturity;; tThd^
7
!
;
;
i
Ill
115
*—
Ca$h sale
r
the year's range,
Vandalla RR
.
•36%
10
J-J
87%;
,81%
*3
102%
J-D
90
78%
V
57
35
7
106
103
117% 123,
,
20
"
34
,
104
105% 108 7
Y
5
80', t' 82 '
%
94%
99 Va
28
120/120
4
v.*.,'.;.
103%
.91
81
r5:
100
103% 105%
801
74'
vi
,83
,
.
108%
7107% 109%
—
106%'106%';
J-J
i
5
36
J-J
109"
97
101%
29
103%
A
:
li,,.
82%
100
7
95% 108
4
,86%
81%
-100
A-O
;
7:
85
.*107%
M-8
2%s_nT..1976
Wisconsin Electric Power
i:
102%
811
m
104
.
96 ;
102%;^03%:-
85%
J-J
*
10
'
*102
J-J
111 - 7
116%
21 v
100% 102
102%
109 71
106 %
;
•■•'AM.
104% 105
M-N
Wisconsin Public Service 3%s——,1971
104%.
102%
104%
J-D
Jtf-S
.7
.106%
•»:
.
:
23
;
105% 107%
4100
10
106
117% v'
114%
•:"4 .;:
108% 109
ma
A-0
—
V;
107% 107% 7
May
1st 4s—1938
ACertificates of deposit
101%
99%
of deposit
68% 5*
162% 104%
102% 104
105'%!106%::
i
;
J-J
|ASu & Du div St term
110% -K
f^59%
117
*115
J-D
1st 4s——1949
t§ A Wisconsin Central
99%
,103% 104
106 ;
10
■
J-D
I960
107.%'^'
*—103%
F-A
Co 1st mortgage 3s——1958
.105.,'
il06%
62f;;. 67
67
r
29
10^106%
Q-Jf
,———1960
;Winston-Salem 8 B 1st 48..—
107%
97%
98
97%
-
M-N
1959
77
105%
:
102% 104%
103% 104
97%
A'O
U S Rubber 2%s debs.
Universal Pictures 3%s debs.
35
102% 102%
102%
J-J
102%' 106%
-;i04'
106;%':
P-A
^Wheeling; Steel 3% series C-,A^i*-1970
Wilson &
iSsl
A-0
Westinghouse El St Mfg 2%S—,1951
West Shore 1st 4s guaranteed——2361
Registered ...
.—.,—,2361
Wheeling & Lake Erie RR 4s
—1949
'
Gen & ref M 2%s series A—;
1992
Union Pacmc RR—
91%
*10
Jf-N
92% 102
Q1
QQ,-5^-:VV
96
9
,V
F- A
1951
30-year 5s—.
U
Apr *
1950
gold 5s
25-year
"
96
Apr
I III in !■! »H . I. I ■!
Funding 8c real estate 4%s
4
y.
—
■ —
'152%
.102% 106
138
45
72%
.
101% 104%
;; 99% ioi
2
99%: 101
99%
J-J
i960
137%
129%
—
106
M-N
;;1965:
^yv^:. K':.,
ser
3%s
.2019
.1985
imp 27/bS series D..
'.Texas Corp 3s deb—__
'Texas & New Orleans RR—
.Wabasli RR Co—
:
AGen mtge 4s inc ser A—Jan 1981
A Gen mtge inc 4%s ser B—Jan 1991
1st mtge 3 %s ser B—.
.—1971
Walworth Co conv debentures 3V4S-1976
Ward Baking;'Co 5%s debs
'
/ (subordinated)
1970
Warren RR 1st ref gtd gold 3%s__2000
Washington' Central Ry 1st 4s
1948
Washington Terminal 2%s ser A—1970
Westchester Ltg 5s stpd gtd
1950
I; Gen mtge -3%s
——
—,1967
West Penn Power 3y2S series 1
1966
Western Maryland 1st 4s-,
..1952
Western Pacific 4%s inc Ber A—2014
Western Union Telegraph Co—
7?
20%
20%
,20%
100
21% Aug
20 V« Aug
24% Jan
THE COMMERCIAL ft FINANCIAL CHRONICLE
Monday, August 26, 1946
NEW YORK CURB EXCHANGE
RANGE
Week's
ef Prices
Sale Price
WEEK ENDING AUGUST 28
Low
High
.108
British Columbia Power class
3? Class R •—.. :
V-.;
Brown Fence & Wire
Class
f
1•
5%
25 V2
~3V2
~3V2
11V2
^
common.
12
$5
3% Mar
100
prior preferred.
(EL)
Bruck
Silk
Co
Bunker
Hill
1,000
3,700
15,800
•
Sullivan..
&
2.50
Am dep rets
Burry Biscuit Corp
Butler (P H) f.nmmnn
—
12%«
800
Gasket
Detroit
a
American dep rets 5%
pfd
Sugar Estate.
California Electric Power
"
r*9
£i
Tungsten
Camden
Fire
?
'*
23%
#^4%
"4%
1%
800
fe-12%
12 J/a
12%
1,900
Detroit
Steel Products..
34%
35
102%
Feb
14% Jun
:50
•
■ir
>
May
30
common.
.10
Canadian
Class
•
Am
dep rets ord reg__
City
Carman
&
Co
Carter
(J W)
Co
(A M)
Dominion Bridge Co Ltd
•
July
19% May
I
,,
ZZ.
Jan
Jan
Eleotrographic
30
700
18
106
50
106
29
Jan
May
10% Jan
117
170
106
Jan
40
37
Jan
383/a
39
12,500
35% Aug
150
63/4
4,500
63/8
6%
Jan
Jan
100
16%
29
22
20% Mar
73%
17
2%
1%
175
225
68
175
70
14%
170
35%
1553/4 160%
1,400
14%
200
31%
14%
260
Jan
26%
140
Feb
!
Feb
13%
Feb
Jan
32
6
Aug
10,100
5% Aug
9
20
5%
5%
16
15
47%
80
13%
200
14%
50
7%
July
25
July
42%
7%
3,300
41
Jan
6%
43
48
42
Apr
9
Feb
27%
800
17%
26%
500
25% Aug
2% Aug
26% Aug
5
J an
Jan
49
Jun
Jan
28%
Jun
25
July
Feb
91
Jan
10
115
Apr
121
July
ioo
110
50
108
118
31%
*
"
""
& Reynolds..
preferred A
i
»
common
j
preferred..:!!
110%
9%
90%
common.
Cotton
118
110
9%
3%
3%
—SO
v
Counaulds, Ltd—^
American; dep receipts <onl
10
88%
91%
2,125
293/4
32
Apr
9% Jan
1,500
39
Jan
71% Jan
95% July
39
1,100
42%
12%
22
900
4%
112% Aug
Jan
3% July
Apr
6% Jan
34
12%
14
4,400
26
27%
1,700
9% Jan
25% Jan
17% May
27
33
Feb
39
39
26
44
July
19%
5%
105
4%
0
10%
50
11%
1,900
Jan
47
Mar
P/8
1%
5,000
10% July
1% July
18%
19%
2,800
18% Aug
5%
5%
1,300
105
4%
43
108
5
70
"*
43/4
1,300
44%
350
July
108
Aug
4% Aug
36% May
■
Feb
14%
Feb
3%
Feb
26% July
7% Jan
110
'
6%
Apr
Jan
44% Aug
.
Creole
9
Petroleum
■
Croft
Brewing Co
—
Crosley Motors Inc
™
Crowley Milner & Co___~
Crown
Cent
Petrol
*%
Drug Co
Crystal
Oil
7
Atlantic
16%
17%
16%
7%:
20%
common...
2% Aug
14% Feb
m
2,200
7% Mar
21
600
18% Jan
7%
73/8
73/4
4,100
6% Jan
29%
30%
775
27% July
:_
•
3%
3%
33
31%
32%
200
40
4,500
10^
Lighting Inc
Curtis Mfg CO IMni
Jan
30%
g
common
Curtis
13
17%
33
Sugar
5%preferred
Tobacco
May
^800
f,400
-
Cuban
Jan
38
ag
3 69, preferred
Cuban
15%
3
11
24% Mar
25e
preferred.
Refining
23/4
16
Aug
6,500
10,500
363/a
3 3
21
.,
common
convertible
35
m
•
(Md)._ !*
Crown Cork; International
Crown
,
35
3% Aug
31
29%
July
Jun
105% May
5%
Feb
21%
Apr
23% May
10% May
24
May
10%
36
Jun
Jun
6%
Apr
60
Apr
36%
Feb
108
May
•
23% July
38%
2 50
common
Jan
8% Jan
15% Aug
13%
Feb
20
Fea
|
70%
900
71
July
Feb
36,600
~8% ~8%
6%
1,100
new com._2.50
Davidson Brothers Inc
1
Dayton Rubber Mfg class A
Dejay Stores common
For
footnote
see
page
conv
1109
35
500
78%
Jan
166% July
12% Jan
Jan
24
300
19% Feb
27
23%
1,000
30%
•27
26
27%
1,800
July
24% Jan
39%
Apr
Feb
51
51
250
49 % May
53%
Apr
~3%
~3%
52%
22
Jan
53%
16
3%
14%
300
32%
49%
750
14
32%
50
Apr
112
12% July
109
19,600
56
Jan
22
Jan
July
14
30%
Apr
Apr
4% Jan
Jan
Feb
34% Jun
Jan
Feb
2,000
Fedders-Quigan Corp
1
Federal Compress & Warehouse Co—2i
Association (Phlla)
It
Fishman (M H) Co—
13%
14%
3,800
25
Jan
61
64%
150.,
60
...Jun
1
22%
23%
200
22% Aug
7%
7%
700
7
Mar
23%
500
23
Jun
29% Jan
25%
Jun
35
15%
15
12%
Firo
50 to $1 Stores
%C
July
28
11% Jan
Am
Ford
35
37
100
35
13%
13%
800
38
39
310
13% Aug
36% May
13
Aug
Jan
"IPOpr
"
rets ord reg—
Motor of Canadadep
Class
A
Class
B
23
non-voting
voting-
Amer
4%
dep
Stores
9%
8%
51
27%
20
21
19
33
34%
51
Jan
Jan
Aug
30% May
40
July
Mar
—
28
Mar
85
May
110
112
convertible preferred.
Jan
9%
7% Mar
9%
47
Jan
7% Mar
4% Aug
4%
$3 conv stock—
A%
Feb
29
70% Feb
Ford Motor Co Ltd—
Jun
150
July
July
14
Oatineau
co
fower
Gellrnan
Alloys Co.
Ltd—
Amer dep rets ord reg.
General Finance Corp common.
bio preferred series
8%
200
7% Aug
14 %
Jan
5%
1,400
4% Aug
9%
Jan
Jan
18%
Aug
17%
Feb
Jan
10%
Apr
17%
II
12%
4,400
10%
U%
10%
50
__
7%
Warrants
26%
General Fireproofing common.
General Plywood Corp
pfd...IOC
1
preferred—*
General Shareholdings Corp .com
1,
$6 convertible preferred
*
Geoigia Power $6 preferred—
-*
$5 preferred
■ 1 ■*
Gilbert {AC) pomroon,.
■..»!:VV:' >;£>■
:.
Preferred v...i.ln,l,
• Umi,
..in. »**%>■
General
Gilchrist
Iv%
"5
Globe-Union
Gobel (Adolf)
Inc
-5
—
Inc common
Godchaux Sugars
:i;
mm*,*''
24
105
115
115
.
w—
54
7%
1st
26%
Jan
115
Jan
Jan
111
Jan
27
Jan
20
26%
.,
53
-
27
Great
26%
600
21%
2,000
20%
20%
20O
6%.
26% Jun
50
63%'
17%
Jliu
69
Feb
Apr
44
Feb
Ball
Hamilton
56%
57%
250
28
29%
1,100
10%
10%
600
18%
19%
21%
23%
118
141
45%
x44%
23%
123%
21- M
21-
45%
24%
21%-
600
-
1,800
120
140
9
Paper.
20%
Jun
Lamp Co
Bridge
Hammermill
—-—
Co
Paper.
Ltd.
—
»
Aug
Jan
107
4
Jan
Jan
-10% Mar
400
18%
53
Jun
22%
Apr
.
'
;
75
60
;
July
63
28
\
*71
Jan
Aug
47%
Jan
10% Aug
14% May
16
23% Jan
37% Feb
July
21% Jan
409% Mar
134
Mar
2,000
38% Mar
1,300
17% Jan
-13% Jan
400:
xlll% May
12% Mar
39
Aug
16% July
Feb
63
30
'63%
48%
Products common—28e
Gulf State Utilities $4.40 pfd
100
38% Mar
8%
6% Aug
400
6%
Jun
24% Jan
20% Aug
■;
1% July
stock.
Stores
28
Feb
Jun
Mar
19
'
'
preferred-
Northern
39
103
.
Greenfield Tap A Die
Grocery
29% Apr
21% Jan
31%
21%
Jan
Feb
55
■
100
25%
:2Q%
43%
Ji|n
19% JaK,
IOO
31%
,,' i
21%
.—.—19
common
May
111%
50
54
Graham-Paige'Motors $5 oonv pfd—28
Grand Rapids Varnish
—
\
*
*
Gray Mfg Co
Grayson-Robinson Stores
1
Great Atlantic A Pacific Teu-*- ;• .;
Non-voting
110
150
31%
1
class A—
common
Jun
Feb
"
51%
prior preferredGoldfield Consolidated Minei
Goodman Mfg Co
—
Gorham Inc class A.
Mfg
Apr
6% Apr
110
..
$4.50
Gorham
23 %
140
104
150
105%
Feb
Apr
July
4% July
600
B.
Class
Jan
Feb
Jan
109
Feb
11%
1,300
81%
Mar
105
J ,,
AH
12%
7% Aug
500
17%
1%
—
'
Gladding McBean A Co—
Gleaner Harvester Corp.
Glen Alden Coal————
9%
200
8%
29
..
Co..
11
104%
Service $6
Public
22
4%
"5%
Gen Electric Co
General Outdoor Adv 9 %
107% July
7%
Mfg Co common.
General
Jun
18% July
Jan
10% Jan
common.
preferred..
5%
17%
Jan
97
16%
Garrett Corp
Gypsum Lime a
Davenport Hosiery Mills
77% Mar
Apr
23%
—
1,900
13%
1%
200
71%
Feb
Feb
11%
26% Jun
70%
71
101% July
% Jan
82
•
18% Jan
22%
70%
Jan
44%
2
43% Jun
31%
50% July
12%
24
41
15% May
Jan
28%
Jan
16%
1
11% Mar
25
22%
4»r
Fansteel Metallurgical
Franklin
4
700
400
900
•
56% Jan
350
20%
70 V2
-71 %
Fuller (Geo A) Co.
2,800
500
MineiTv*
convertible
•"-21
Brewing.
Falstaff
Jan
5%
26%
89%
' iiU
Apr
1,800
39
Feb
Apr
22%
..
50
12
8%
Apr
88
__
675
51%
11%
37
177'a
25%
20%
3*"
98% May
26% Jan
40% Apr
17% Feb
17%
88
&
Mar
12% Aug
5% Jan
Jan
253/8
in
68
21 % May
13% July
-
oil
Jun
50
82
50
61%
rets bearerFort Pitt Brewing Co
Fox (Peter) Brewing.
•
_
Jan
104
Ford Motor of France—
22%
Machine Co
Cook Paint & Varnish cn
Copper Range Co
8%
21% Jun
15% May
""""a
L.L.100
Stores
5
Mar
100
Apr
ft July
Consolidated Mining At Smelt lid
3% May
9,°00
Jun
36% Aug
3% Jan
i
42% Jan
37% Mar
1,100
50
150
Consolidated Gas Utilities
700
6%
105
41%
i
Jan
13%
Jan
~~
"I
~3%
Feb
v
26%
Jun
25
m
8
104% May
92
May
Jan
65
6%
Mar
13
Ll.'l
76%
97V2
26%
14
6%
iflkft
Apr
4% Aug
1,000
25
Engine A Airplane.
60
300
Petroleum
5
675
"3%
pfd—.100
Equipment,..1
10s
$3 convertible preferred...■......
Esquire Inc
.1
Eureka Pipe Line common
10
38
75
5
1956
preferred
District Electric 5%
1,175 '
14%
"i
--
20
51
—...10
common
700
44%
75
59,000
/ ;
Jan
73
Equity Corp cominon
Mar
6
»
Conn Gas & Coke Secur
common
$3 Preferred
- /; ■
: ^ - -, ■ ■■ ■ . ■
5%
Empire
Feb
5%
%
Corp
14%
Emsco Derrick A
Jan
800
20% Aug
5% Aug
3%
Cosden
July
650
37%
$6
156
22 3/8
-is
Coro Inc new
Jun
July
15% Jun
21
Jan
33/4
Cornucopia Gold
41%
166
11
36%
,
184% May
14% Mar
Commonwealth & Southern warrants—
Community Public Service
m
Community Water Sei vice™
*
Compo Shoe Machinery—
To
300
Fairchlld Camera A Inst Oo.
Feb
200
•
Co
Fairchild
150
11,400
155%
m
~
Elliott
Jun
97
Steel
V75%
^8%
1
May
480
Fdy
17%
139
Corp—
88
750
Textile
«
——•
*
warrants.
19
4
993/4
Consol
10% Feb
4%
'38%
pfd A
Aug
373/4
Continental
Jan
17%
Mi.%
,
Apr
1% July
5,300
500
.
Biscuit Co.—.
Consol G E L p Bait
common
4%% series B preferred
4% preferred series C
6%
100
28% Jun
16
"
Consolidated
24% Mar
800
Feb
200
175
1
16
Jun
Feb
8%
22
Jan
16% Mar
Ton
_
...
Royalty
Feb
24%
99%
Consolidated
10i/8
21
36%
Consolidated
53% May
52% May
24%
i
-
Retail
May
15% May
52% May
166% Apr
13
Mfg
12
9% Mar
*
$3.50 pfd formerly $5
$4.20 pfd. formerly $6
106
21
1
—
Consolidated
341/8 July
16
"
Apr
8%
8%
82
Bond & Share common
97 % Aug
13
Illuminating!!:
to
Electric
Aug
97
*
Iron warrants
Fire Arms
to
98% Jan
July
96
Jun
Electric Power A Light 2d
25
ext
122
23% July
114
,
HI
c extended
Apr
Jan
ion
t
38
July
33% Aug
68
13%
Jan
Development ordinary
Vtc
Jun
in
.
Columbia Gas & Electric—
V
45
Jan
Jun
Aug
6% July
35% July
,
4%
Apr
140
common
100
~
69
preferred series A.
$6 preferred series B.
Eastern Sugar Associates—
(5 preferred
Easy Washing Machine B.
Economy Grocery Stores...
51
37
"
Corn...
106
$7
Jan
325
«
Airlines..
Colonial Mills Inc
Patent
164% May
14% Apr
35%. 38%
JJ
~~
Inc
83
54
22
v. -
'•
States Corp
36%
in
Co
preference
profftwwri
.1IW1
Eastern Malleable Iron .—.——21
10% July
12%
i
"
Colonial
s
flg.-
17% Mar
42
~6%
i
inn
Club Alum Products Co
5%■
common.————1
Duval Texas B"lph"*
*
200
11
inn
City Auto Stamping
City & Suburban Homes
Colt
Duro Test Corp
900
163/a
$6 preferred BB
Colon
Feb
38
115
May
150
*'•
Dunlop Rubber Co Ltd—
Am dep rets ord reg —
Durham Hosiery class B common™*
10 3/4
106
100
~~
B__
Co
Jan
11%
24%
preferred
Cities Service common
$6 preferred
Plow
Duke Power Co.
343/4
390
?™LCo^nsolidated Mining.::—::::!
iChilds Co
Cockshutt
24% May
38%
50o
common
Ligms
25% May
20
33%
97%
loo
pfd
Feb
110
175
61
5,400
Aug
Feb
30
37
97
Macn
Mfg Co
23/4
3,600
29%
65
85%
59
■■■
■■
Elgin National Watch Co common—15
common
Coal
22
13% May
15%
164% May
2% Aug
97%
i
107
84%
r
Option
,
Clayton & Lambert
Cleveland Electric
Feb
19 3/B
73%
Clmcbfield
15
Jhn
Mar
Mar
18%
25% Aug
200
18%
"1%
Neon
May
22
11% Mar,
41% May
21 % May
17%
Ltd
Co
34%
in
Clarostat
25%
Jun
Ltd.
Co
Chem
A
9% Feb
Jan
117
iqq
—
Conv pfd opt dlv ser
Clauae
11%
Jun
4% July
106
Tar
Textile
10%
inn
Controller
Aug
23
18%
Conv pfd opt div ser
1929
Cessna Aircraft Co
common
Chamberlin Co of America
Ciiaris Corp common
Clark
Jan
7
40
200
4,100
38 %
28 f,'17%
Steel & Coal B
Dominion
1,100
5
55%
'
33
^ec 6% preferred—.100
preferred
13"%
1,600
«n
preferred
60c
2,000
7%
7
32%
'""""Z
SCenfsSfSvf1 Wce^ Utillfcies
&
Jan
12% May
11%
11%
52% Feb
"
Central Pow & Lt 4%
Chicago ftivet
8% Feb
10% Jan
«««*
"*%
•
Chesebrough Mfg
67/a May
5
•
mm
preferred
Cherry-Burrell
3% Mar
3% Aug
31%
"
Central Oblo Steel Products
nroS
Jun
700
37
corn of
Cent Maine Power Co
7%
.7%
7
500
2%
ratals
3%%
4% .Feb
100
I
& Co..
Apr
Jan
400
£
Products
Castle
Apr
22%
15%
4%
i,ii
common
Rast Gas A Fuel Assoc common——,
";
Casco
28%
22
15%
Corp -fAtnwiftW
Divco
Dobeckmun Co
Eastern
A_I
class
18% July
15
20
1
5% vT
inn
*
Class B
'
■■
Carnation Co common
Carolina P & L $5 pfd
Jt'20%
1
3%
**"">
~
..—
Products
24% Feb
100% 100 v*
Canadian Industries Ltd~
7% preferred
Canadian Marcnm ;
Capital
13% July
21% May
Domestic Industries class A com
300
«
„
Class B non
voting
£1
11111
11
Feb
inn
voting
15% Aug
11% July
Jan
3?% Mar
/17% July
100
3,900
Jun
12%
Feb
31% Mar
400
16
4
8
Aug
7%
13
15%
Jun
37
17% May
39% May
16
26%
2
Jan
Jan
12
12%
—50c
Mar
13
13% May
4% Aug
8%
Jun
May
21
180
Distillers
July
Alconoi—
Industrial
A
commonl
•
..
*
Devoe & Raynolds Class B_.
Stores Corp new com
Co Ltd-~
:
Diana
High
13% Jan
145
Feb
11
Feb
Mig.
..1
21%
"
Bread Co, Ltd
Canada Cement Co Ltd
preferred
7%
2,100
-1
25%
11%
a
12
Gray Iron Foundry.
3%
•.*»
CorpZZZZZZZl
Insurance
Canada
.6%%
3%
11%
Mich Stove Co
6%
50e
Calamba
5%
.3
2,200
Detroit
Driver Harris
J5%
Low
16%
Detroit
Draper
fjpf
High
Jun
Jan
Dominion
Cable Electric Products common
Voting trust certificates
Cables & Wireless—
,i;
Shares
15%
18% Mar
1,700
;
Low
.
Derby Oil Co common—»*•*»>8
Dominion
Callite
V;lf-
■#!l5%
debenture.——■•■100-
8%
8ales
for Week
of Prices
76% May
Mar
16V4 Mar
Mills Ltd
Burma Corp
4% Jan
17
Jan
41
May
33
Jan
8%
common—
common.
Buckeye Pipe Line.
31
Jan
9V2 Jan
27Va July
44
Jan
preferred———
Brown Forman Distillers
Brown Rubber Co
Par
7% Jan
SV2 July
6
A
Bruce
Last
Sale Price
Pennisoh Mfg class A. common—^—.8
reg—
Week's
Range
Friday
New York Curb Exchange
Range Since January 1
Low
High
Shares
British Celanese Lfcd4»
Amer dep rets ord
(iff.- »•,»
STOCKS
for Week
Lastv- '
New York Curb Exchange
FOR
Salee
Range
Friday
STOCKS
,12
'
8%
•40%
12%
8%
44
12
Aug
0% July
35% Mar
Apr
133
147
July
46% Aug
28% Jun
28% May
116
,
Jan
16% Jun
-17% Feb
•11%
Feb
52% May
mmw-i
^fp€''"' '••'•
>'<$: ?/£ •■'•,vV,li::-Y,
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'■•
'
.
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Number 4519
164
NEW YORK CURB
EXCHANGE
Last
Sale Price
'mi
Manlschewlta (The B) Co,
Consolidated
Mapes
5 ¥2 Aug
' FeD
21% May
40% Jan
500
„
•
Co
Marconi Internet Marine
Co Ltd
Communication
|
•
...,11
,.,,
Massey
Harris
Corp
•
16%
14%
common
common—.
$2.50 preferred
1,300
——X
—
17%
32
s
,
.
Warrants
»
—
.—,.100
-I
Metal Textile Corp-—
*—,.250
Participating preferred——
.....—IB
2,400
Messabi Iron Co—...———
;>
■
...J
West
Midland
Corp
$2 conv
62
9,200
225
20 %
13
17%
4
6
5%
63
61%
133%
20 Va
20%
2,000
♦
30%
32
SI
cu
inn
Imperial Chemical
31%
— —,
ctfs
arrear
iCtum
30%
1,900
1,900
preferred
conv
Dividend
Duuuit,
30%
200
39%
29% July
60
July
81
18%
Jan
23
Apr
25
Jan
38
July
'
_
2
Indiana
1%
(service
dVe
pfd
100
of
*3 50
112%
13 y8
7%
7%'
-1
3%
3%
800
Monroe
Jun
Jan
Montana Dakota Utilities
66
--
1
a—...
33%
24 y8 July
—
67%
'
—
1,000
58
•
73%
15% Jun
28% Jan
—
_**■
Mar
Jan
—
ihs—*
—
•
16%
—10
16%
*
4%
coupon
shares—
Products
Razor B—
Safety
Utilities
Interstate'Power
preierrea
Jun
18
3iy4 May
200
6,000
21
Feb
Jun
35
24% Jan
16% May
Jun
17%
3,700
4%
4%
2,400
4% Aug
24% Jan
17% Aug
7% Mar
14%
700
13% Aug
200
40
10%
Jan
2
200
30 ya Mar
1% July
63
1%
26
17%
19%
50 Vb
197
17
Mountain
Feb
3. .Aug
,8% Mar
'1,100
10
Producers—.
States
4,700
5o
Mountain City Copper common
28%
common——•
Power
25% Mar
100
—•
2%
•
250
Jan
136% Jun
70-:
—100
Mountain States Tel & Tel
Murray Ohio Mfg Co
Muskegon Piston Ring—
25%
26
250
25% Aug
32
10
100
9% Aug
2% Aug
13%
Apr
2%
500
3%
common
—
Nachman
Corp
--
x26
May
3iy* Apr
preferred
13%
13%
Jan
National
Kiiby
23%
Jan
35
Jun
Jan
17% Jan
22% July
18
Feb
69% Jun
Feb
14%
22 Vt
Jan
——.
124%
2% Aug
National Union Radio———.——,
2,400
7Va Jau
33
Aug
Nebraska Power 1%
32%
Jun
Nelson
50
Feb
15%
Jan
29%
July
113
Aug
115
80
Aug
94
82%
Apr
28% May
20
21%
1,600
7
7 ¥4
3,800
7
9 ¥4
9%
2,400
8% Jan
1%
3,800
1% July
2% Feb
43
Apr
34% Apr
18% Mar
9 ¥2
July
29
Jan
23
New
New
England Tel 8i Tel
Haven Clock & Watch
Jan
4%%
Feb
conv
200
29
Feb
37 ¥4 July
New Park
1,500
12
Jan
19% May
New Process Co common—
700
18%
12% Mar
Lane Wells Co common—
1
15 ¥4
9
4,300
1,000
10%
300
20
400
Lanston
_„JUja
Monotype
-„JL"
1
1
11
in
1
Feb
15% Feb
10 ¥4 Aug
21
17%
Fen
Jan
24 ¥2
18
Mar
Prior
v
9%
*:
prefer^
37%
Leonard Oil. Development——^———21
Le Tourneau (R G) Inc
■'
„
,,
' 1,
Auction
Co
July
3% Apr
Jan
56
Jun
July
26%
20
Maf
Lit Brothers common—.—
.,.*
12
Febt
41% Jun
33
Aug
20% May
A
——*
26 ¥2
Feb
29%Mar
17
Y City Omnibus
warrants
Class
Locke
B
Class
32% JUly
32 ¥b July
25 ¥2 Mar
—
.
Lone Star Gas Corp common
Long Island Lighting Co—
Common ctfs of dep:
.1
150
25
Mas.:>
30
1
Steel Chain—
Logansport Distilling Co
1,000
16
Aug
22
10
3,500
15%
Jan
22%
Feb
Apr
July
36,500
I
7%
75
95
Aug
Aug
117
6%
1,075
82
Aug
108
—
Lvnch
2
Corp
For footnote
see
page
1109
10,600
10 ¥a
111 Va
Jan
Jan
19% Aug
.
July
Jan
300
2,600
Aug
Aug
2% Aug
54% Feb
3
" 3,800
50
Shipbuilding Corp—
1,000
11% """"" " 75'"°
58 ¥2
150
29
150
«
71
6
81% Feb
11 ¥2 Mar
4% July
65
Jun
Y Water Service 6%
12¥a
.
Niplssing
119
—
July
26
Feb
Jan
Jatt
Noma
——1
Electric.——
North Amer Light
$6 preferred
8t Power common—!
Class
B
•
•
common———.—.*
North American Utility
Securities——*
111
95
12%
44,900
125
8% Jan
117
Jan
15
May
123 Va Feb
130
110V4 July
120
"
500
1 ¥2 July
120
—
—
15
3,700
500
10% Mar
17
July
15
Aug
3
*2,200
2% July
26%
28¥2
4,000
23% July
87/b
10 ¥4
9,400
675
7% Jan
134
Feb
4°% Jan
49
Aug
11%
12 ¥a
18 ¥2
15. '
2%
27%
9 ¥2
149 ¥2
»
50 ¥2
Apr/
15 ¥4 Aug
117
26 ¥2
Apr
Apr
pfd—100
——20
Northern States Power class A
23
Northrop Aircraft Inc... ,
1
Novadel-Agene Corp —
——*
Northern Natural Gas
300
'200
200
100
7%
7%
10 ¥2
10 ¥2
16%
17
2,800
—
—
.
16%
-50
Northern Indiana Pub Serv 5 %
52
51
—
7%
3% Feb
Apr
146 ¥4 159
49
Northern Central Texas Oil—.——5
Northeast Airlines
Feb
69 ,-:July
17¥a
1
——6
Corp B
Mar
x35
100
112% 113%
*
Mines
19
64% Jan
53
Mar
27% May
106 7/a May
78
Niagara Hudson Power common
5% 1st preferred
Nineteen Hundred
18% May
78 ¥2
N Y State Electric & Gas $5.10
N
9% Jan
11% Aug
16
——-—I
pfd.100
pfd..—100
shares
18
11%
-.10
Merchandise
Y
,
28%
—10
North Penn RR Co
,
preferred A ctfs of dep
preferred B ctfs of dep
Louisiana Land & Exploration
1
Louisiana Power St Light $6 pfd—*
21
32
57
—
Rosar'o
North American Rayon class A
Groceterias
Loblaw
Aug
16% May
25 ¥s Jun
Jan
18
,,
——•
common
Niles-Bement-Pond
.i,.,,,,,,.1
Lionel Corp i
10
Llpton (Thos J^ Inc 6% preferred
23
Line Material.Co.
Jun
100
62 ¥4
61
43
Jan
1¥2 July
2%
•
14% Jun
Jan.
42
,
.J
1
100
5ft 2d preferred—;
—^—100
Class B optional warrants——
Niagara Share Corp class B com
5
Jun
Aug
24% May
?
71%
6%
6
"Apr
35
Jan
'.J
?
Jun
Apr
142
10% Aug
27
71¥a
26
1
Mining Co
Founders
Feb
14
10%
^
Machine^——w—JI
Lefcourt Realty *«twwnwi
27 Va Mar
35
Jun
23%
Aug
8 ¥2 Aug
31
.Langendorf United Bakeries elaw A—*
b
14
27
•
14%
N Y
1
—J
108%
-
32 ¥2
N
1
>12%
Feb
18% July
preferred
NY St Honduras
Lakey Foundry St Machine.
Lamson Corp of Delaware
Jan
Mar
108%
—
53 ¥2
12
52
11 ¥2
38
104
Jan
57
55%
2.500
108
May
45 ¥2 Jan
45
Jan
12
38%
1,500
400
10% Feh
34
Feb
108% 109
56%
6% Jan
Jan
15
July
8
.
150
625
3%
Apr
Feb
13% May
26 ¥4 Feb
20 ¥2
5%
35
Apr
Feb
Jan
12 ¥2 Mar
164
Apr
May
62% May
12% Feb
11 ¥2
Jun
21%
Jan
108 ¥4
July
111
Apr
59%
I
Jan
4% Feb
Feb
126Vz Mar
33 %
11%
11
Co..
New Jersey Zinc
New Mexico & Arizona Land—
N
Lake Shore Mine* Ltd—
84 V4
140
136
New Idea Inc common
N Y
Class
33%
14 ¥b
Co
10
101% 103%
preferred—
$2 preferred..^.—
31
——.
12%
10%
15%
14
11% May
1%
Kobacker Stores new common..
16
10%
England Power Associates.—
17% "*17%
Knott Corp common
19 ¥4
May
89% July
23% Mar
X26% May
Jun
Aug
15%
6%
Apr
Jan
17
17
38
Jan
16%
16%
Neptune Meter common
Nestle Le Mur Co class A
May
76
108%
16%
preferred
Corn
(Herman)
Jan
New
(D Emil) Co common
(I B) Rubber Co
Brewing
9%
5% July
9% Apr
17
.......
Jun
Jan
Apr
Jan
12 Va July
Feb
Kleinert
Krueger
Jun
9%
48% Aug
Apr
600
18 ¥2
1,000
Petroleum—
Jun
Jaa
1,100
19
650
—
Co
Kirtland Lake Q M Co Ltd—
Klein
17%
13 Vb Aug
121V*
Kimberly-Clark Corp—
4%% preferred
—.
Kings Co Lighting 1% pfd B
Sfk preferred P———,
King Seeley Corp..—
——
Kingston
Products
——.
Apr
18% Aug
Rubber Machinery.^.—.
200
Ac
36
14%
Fabrics..
Mallinson
200
Inc
(Walter)
15,500
pfd
v.o
Ken-Rad Tube St Lamp A
Kldde
160%
17
5% July
—
National Steel Car Ltd
National Transit...
Key Co common
Feb
21% May;
National Tunnel & Mines common.
& Elec 7%
5%
10% Jaa
32% Apr
46
26
National
Gas
64% Jun
10% Jan
—
National Mfg & Stores common—
National Pressure Cooker.——.,
Kawncer
4
14
109
•
17% May
St Koxenge Co—.
Kansas
Feb *
18% Jun
210 ¥t Jun
23% Feb
May
Feb
7%
Kennedy's
6
Jan
3%
2%
Co common.
Corp
Feb
10% Jan
:
Feb
Mar
18
„
National Fuel Gas——
Kaiser-Frazer
■4
Feb
10
Muskogee Co
National Breweries common
Julian
Apr
HVa
National Bellas Hess common—
Jeannette Glass
May
45
2,900
8
Jan
Jan
-8
25
8Va
3% Aug
1,000
50 Vo
•
10c
20%
13 ¥a Aug
7% Aug
140
19%
Montgomery Ward A
*
Montreal Light Heat & Power——*
-
3.800
204
Jan.
Feb
Afrr
16% May
15%
46
•
Royalty.
.
1
voting trust ctfs.—*
Irving Air Chute
1
Italian Superpower k
*
17%
1,900
2,800
204%
16%
5
Moody Investors partic pfd
Morris Plan Corp of America
14%
Apr
13%
Investors
Iron Fireman Mfg
30
16%
16%
_5
common
A
Mountain
-
29%
International
Loan Society
jun
Warrants
International Petroleum
International
common
112
International Minerals and Chemicals-
International
Pictures
11%
87
Jan
1
1
Monogram
Jan
107%
Aug
20
•
123
•
iiiUUOwi.eo
105
Molybdenum Corp
112% Aug
112% 112%
6
6% Aug
—
300
Jan
29% Aug
13% Aug
3,500
•
Missouri Public Service coutmon
Jan
109 ya
series
.lieto, 1
50
100
14% Jan
10
International Investing Corp
Registered
4 ¥2% conv preferredMining Corp or Cauaaa_.
Minnesota P Ac L 5% .pfd
30%
iwu
North America.
International Cigar Machine—
International Hydro ElectricPreferred
Jan
—.100
prelerreu
preferred
Insurance Co
Jan
15%
H
„
.
7% May
15%
Feb
19% May
50
July
45% Aug
275
.
Jan
14% May
4 Yi Aug
2,200-
50o
—
9V4
.
24% July ',
3,500
-1
—
47
5%. Aug'
Fen
50
new com
Wohl Co common
Miller
dep rets regis
—II
Imperial Oil (Can) coupon
•
Registered
*
Imperial Tobacco of Canada
.1
Imperial Tobacco of Great Britain St
Indianapolis Pow & Lt 4%
Midwest Piping & Supply
auu-West Refineries
35
11
200
10
Co
■.
,20
36 V* Jan
150
900
-50
;
Abrasive
Oil
Midwest
Apr
Industries-
Am
Ireland
Apr
Aug
,
31% May
July
4
Jan
Mar
Apr
30 SMay
•
Mid\ ale Co common—
Mid-West
*
Jan
Apr
20%
Midland Steel Products—
shares——*
Jan
24%
.
Illinois Power Co common
5%
14% May
-
$2 non-cum dividend
1 Mar
9% Feb
15% feli
3% Jan
4,900
common—
Oil Corp
.
420O
1
B
preferred—*
Class B v t c
-
9%,Aug
600
,
Middle States Petroleum class A v t c.l
Middle
.
10% Apr
17 ¥4 Aug
600
———I
Micro mat ic Hone, Corp
14% May
-3ya Aug
000
i
7,600
May
Jan
11%
6% May
1,100
Jan
112
9% Jan
56Aug
200
Apr
Jan
12%
6% Aug
-
2.50
-•
Michigan Bumper Corp
Michigan Steel Tube
Micnigan Sugar Co
8¥b
8% Jan
109% Jan
'
Jan
26%
-
17% Aug
100
Apr
10
4% July
A preferred
6Vst%
.
24
v
v...; f/':;: -.i'il.y.V.j'.Vj
6,400
1,900
Apr
Mar
Apr
87%
6% Aug;
"
Jan
47
1,100
5
I
Merrltt Chapman & Scott—.——*
Jan,
22%
Jaa
Aug
Jaa
4%
18%
,
Feb
25
1,700
Memphis Natural Gas common
Menasco
Mfg Co
■
6% Mar
19 ys
Jaa
May
13% Jaa '
800
18
32%
60
40% July
.
17%
McWilliams Dredging,—,—.—,
Mead Johnson & Co—
12%
2 ¥3
»13%
13%
8,100
1,100
1,100
15
13%
2%-,
—1
Mass Utilities Association v t 0
McCord
15 ¥a
—.*
Jan
May
26
6% Feb
__
15%
2%
17 Va
15%
2%
Xl6%
!—*
*
Marion Power Shovel
8Va Jan
,
56% May
3b
600
I.;
J
High
Low
„,—*
,,„
Mfg
Range Since January
High
,.
Mangel Stores common,
^
Sale*
for Week
Shares
of Prices
Low
•
Manatl Sugar optional warrant!,
Week's
Range
Fri day
STOCKS
New York Curb Exchange
Jun
73¥a May
15%
Apr
40
Apr
.
"RCT
MMa?iwm
s
■ware-
;>7
THE&Qlf|[%R^
NEW YORK CURB EXCHANGE
RANGE
STOCKS
V
Exchange
New York Curb
Pacific
Can
Co
common
,14% JL5
_
Pacific Gas & Elec 6%
45%
1st pfd
preferred.
Paeific Lighting $5 preferred
Pacific Power & Light 7% pfd
*
5% %
1st
Pacific
Public
*11.30
Pan American
Parker ■; Pen
i-...
Am
Gas & Elec class
Penn
75%
.;</
A
......
Pe^ect Ciroxe■
50 -?;-29—
10,700 -sv»7%
20^13
.y. 40O-- • 5
7%
13%
8%
^75
700
76%,
54
55% "'
--
26
27%
Philadelphia Co common
Pnillips Packing Co
30%
Governor
common-.
■-'
y,
S?
Johnson Ltd Am Shs
Gold
Mines
Ltd
1'i
r>*V:
Piper Aircraft Corn
Pltney-Bowes Inc
Pius Bess & L
E
ii.
''''
riiv■%
«nm
Pleasant
Valley
8%
..
Pneumatic Scale
73
;
common
Premier
Gold
Pressed
Producers
4-.;,
108
of
Feb "
Apr
31.
Jun
20% Jan
,
!
'¥%■'
i
37% May
12-'-.Aug.* "
rMaf
,
380
lfff
America
15%
Corp of Nevada
May
Jan.
78%
.
Feb
12% juiy a- ir is%jFeh
6% Jatt 3
10- r May;
19
•. H
.
7
—
.
..
50
.
47
..7,600
16%-<
9%
.9%
,
2%
18%
900,
2,700
.
27% Jan'
V-
,
200
1%
2%
May ^
-.f
4,100 \ ^f'6% July-'10% Jan
4,500
17% Mar m ^ 28% May
..12% Mar > v,-"15% May
108
17%
B
Gas
70.
15% Feb
....'14% Jan
y 47
12%.sex,-, 500
7>/2 m ,500
common
Prosperity Co ciass
Providence
t
47
Mining
Metals
63%
1. 51 y4 Aug
,
14% Jan'.
.
23%
Cn._....
Inc
86% Jan
—
V"
6%
preferred
Prentice-Hall
Apr
Jm
J.2% May
July ',.
15%
Hv; 1.200-
74
—
.
& Alexander common
Power Corp of Canada com——.
Pratt & Lambert
iti'
May ^c
Jatt
12%
&§k
07%
common.
Powdrell
1st
"'"*21% Jan
;? -9
"Jan
16% Mar >•
V
__
Polaris Mining Co
6%
—
200
8%
1S2-',
Wine Co__
-
—
RR
Metallurgical
July
n 56
Slay
30% Aug
" ;9
,Jan
'IS1'
o
Pittsburgh & Lake Erie
Pittsburgh
-
:
July
.46%
2,300
...
—
Pin chin
Jun
Aug
49
-
—
30%
Pierce
-joltf
7% Jail
400
'
-
-
Pharis Tire & Rnhhor
Pioneer
Jap
84
T'l
450
--
•
.'
■
34
•113% ten
J%
.
,
r?f
30%y&t...,
5%
.....
,t.vv.;
^59% Aug
•
July
^-61%'Jan
•
52%:l'y;..!-:5('i-:50J-,^-^8% !Jan :
13%
;
Pepperell Mfg Co
Feb
22
so
pfd
Penn Water & Power Co.
39 %
>
300
...
Jan
14
10V2 Jan
# 13% Mar.
13 <ujuly*•"» *20'^ Jah"
52%
com
Light 4%%
M •'63/8 Aug '
1,100
.
.28% July
Juir
4&L.
■
?)7%
Traffic Co
&
;j,:
23%
^ May
26%' Jan
..^'27^
30%
™.
Penn-Dixie Cement warrants™
Power
113
u:ll%--Jan»'w^'^6%'May.
••
^•
13,200
12,400
55
75%
common
preferred-.
Penn
7
X23%
Reel
Pennroud Corp common
»*ena
."102% July
" :41 %• Feb
"
109
May1
r 117% Apr
180
.-
11%
54 %
Col^^^-i-■ -^-.y-.
Telephone
46% July
-20
V-
10%
*ns.
•.
cum
—
6%
Airways warrants..
Patchogue Plymouth Mills
Peninsular
Jan
38 % May
...
common.^..;.;
&
42
7i0
113% 114%
.;„,
,
10% Jun
.11 »/4 Apr
8Q0
.
J6% I6fei * 100«
Pantepec Oil of Venezuela
Paramount Motors Corp
Parkersburg Rig
1,000
v.
46
.40% 41
103% 103ya
Service
1st"preferred L ^ ni".
Page-Kersey Tubes
$1
FOB WEEK ENDING AUGUST 23
.
2,600
200
100
«
v
44:
July !•• 1108 ^ Aug'
'' Jan
;
60
f Apr
1^ Julys-v 1"; '3% Feb
82.'tenK ;-rds *- May
15
Jan
;
20% Jan
1% May
13% Mar
8% July.
3
-
18%
•
Feb1
Apr
10% Jan
Public Service of Colorado—*
9%
1st Preferred
1%
1st ^referred
Puget Sound Power & night—
$5 prior preferred.
Puget Sound Pulp & Timber.™™.,
Pylo-NaMonal Co common
Pjrrene Manufacturing
'
Quaker Oats common.
6%
preferred.
Quebeo Power Co
—
Taggart Corp common
1
Tampa Electric Co common..—.-*
9%
10
35
19%
20%
Radio-Keith-Orpheum option vtmnlA.
Railway & Light Securities
;
*
Voting common
iff
Railway & Utility Investment A
I
Rath Packing Co. common™.
10
Raymond Concrete Pile common
•
53 convertible preferred
•
Raytheon; Manufacturing common.JMh).
700
2,900
Texas Power & Light 1%
Reliance Electric &
Rice
Stix
Dry
,T;
a.
Engineering....
0
Rid Grande
Valley Gas Co—
(Texas Corp)
vtc
I...™..™.!
...
Rochester Gas & Elec 4% pfd F
Roeser
100
Pendleton Inc
^
»
,
Rolls Royce Ltd—
Am
Rooftng lne—......^.1
Tishman Realty & Construction
1
Rome
Cable
Corp common
;
8
Ronson Art Metal Works.^.—j2.5(i
;
■
■■
v<l
v'/.-i.--"' i'1'
:{■ •
Roosevelt Field Tnc J;
Root
Petroleum
—*
Exports
dep recs del
reg^.^......«...*'
Shipyards Corp—
Toledo Edison 8% preferred
100
7%
preferred.^--——100
Tonopah Mining of Nevada
1
Trans Lux; Corp...,,..■ ■■. 1..;<»■■ ..*--—*.1
Todd
Tri-Continental
warrants—
Ino.....<
v:
tehvertibie tprelerred^^^^^
8O0
a
1
Rotary Electric Steel Co
Royalite Oil Co T,t<>
10
Udyllte Corp^.-^J.—
Corp
Realization
Ulen
_
Russeks Fifth Ave
1
-__2%
Unexcelled Chemical Corp.
Ryan Aeronautical Co
1
-r-,r-i
Union
Gas
*
Union
Investment Co
1
Union Stk
Ryan
Consolidated
Ryerson A Haynes
Petroleum.
common
ol
Canada—
Yds of Omaha...™..
Products...,—
United
Aircraft
United
Chemicals
UniLed
uorp
common
warrants
United Elastic Corp
United
01 Lawrence Corp Ltd
Class A $2 eonv pre!™.Bt
Regis Paper
Bait
Dome
Samson
Oil
United
common
S3
Corp
common.
Oil
Co
Schiff
Co
common-.™-*.™
Schulte
(DA)
Corp
common
Railways
Products—.
participating" preferred™.
United
Amer
Inc
footnote
common...
see
page
Molasses
dep
rcta
United NJ RR <fc
Manufacturing™..,
For
Miik
Co_.
Savoy
Bcovill
Gas
United Light &
United
United
10%
1109
,
..
■
Profit
Co Ltd—
ord regis
Canal
Sharing™
preferred
!
r-..
..
9Va
44
44
:
^
—
■
.
.
■>:
■
..
270'
....
7%
12*
..
8%
13
.
,
•
31/* Feb
-
,'?•••
,100 - <Jan -^165
May
107%July
"112%May
10
-113% Ap?
117
Aug
2,200
2% July
:: 4% Feb
,4,800
5% July ;,
8% Feb.
3,6<HL^ "3% Aug^
^Feitf
20
Jan
34
May
1,800
7%:Aug
14% Jan
1,200
,12
Aug
17% Jan
' • -
117
3% *
,14% Feb
'May
2
July
1,700
2% : 2%:
2%
.6%
4
-
8% Jan
6% July
13
124% 130
2%
5%
48
July.
26
-Apr.
22% July
72
May-,
:
__
1,000
6%
.122Feb
26% July
Mar
37
U* L-
H7
-
107/« May
1,200 ...J6
Jan
2,300
15% Jan
64% Apr
21%
6%
Apr
8% Mar
100
23%
21%
20%
Mar
12% May ,,
Mar37
Jan
Aug
29
Apr
l7y4<Mar
500
7,700
9%
23%
..
Tung-Sol Lamp Works:—-—..........I:
-v.
-
Co
Aihed Stocks.....l..^M.#"
Product
Tobaeco Security Trust Co Ltdr?
/. Amer dep rcts ord regis.^,...,......
Trunz
," ft
dep rets for ord yg
common^.^.j..^-L—8
Tilo
Tobacco 8c
...
21%
The« Shovel Co
Amer
,t
100
..—3
Textron Ino
Goods
Richfield Oil Corp. warrants™..
Richmond
Radiator;
pfd
Texon Oil & Land Oo——:
Tobacco
'*
Reed Roller Bit c&-
8%
32%
19%
117Va
600
34%
—*
Technicolor Inc common
..
-
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4519
[Volume 164
1109
'©IT
7';7
v/./—; ';7—44.77
-v1
v'
'.v:
■
v-''•••
7
V
-
4
■"-: <7
■'■■■■
■■■
'
—
v
>4
7 4"
7
STOCKS1:
•>:
New York Curb Exchange
:
-
7'"—
-
Week's
for Week
United
■■
.1:if/s
.
U"S
Graphite
i
common
24%
-
©25%..
..1
27%
'
4%
U S and International Securlties.
-
350
,
.
15-
98%
f-
1,500
6%
'5%
12%
common.-.
Universal
sugar—
»i
Utah Power & Light common.—
23%
'
Utan-Iaaho
Utility Equities
common——
55.60 priority stock
,i
.
3,400
4%
100
V.4%
103
101
J-J
4%s
Valley RR—
at 4#
toi^._
Milwaukee Gas Light 4%s_
Feb
2ft
....1956
Nebraska
#•■7%
Power
Feb
July
$4
convertlole
Venezuelan
111
__5
preferred.
115
,
4'....
v -;.p • ^
Amsterdam
:
Gas
.;
120-
-
70
.2022
9
"
July
300
3
15
:v
Aug
200
Feb
M-S
L.
J-D
r.
,195ft
1964
4s
700
5
July
Wagner Raking voting trust ctfs ext..*
15
16%
1,100
15
Aug
10
111
May
114 % Aug
7%
preferred
Waltham
Watch
43
...
,-,K
„
Co
Utilities
$6
_
15%
7%
3%
200
32%
33%
700
9%
10%
2,100
10%
,8
Westmoreland final
.20
,,,
Inc
7
May
70
112
12%
13%
36
Western Maryland Ry 7% 1st pfdL.100
Western Tablet ft Stationery com
•
Westmoreland
3% Aug
31% July
8% Jan
36
-
30
32
125
22
30
16%
200
19%
21%
24%
Feb
Apr
I
17%
17%
100*
16% Feb
24
41
41
100
34
55
21%
21%
100
29
23%
400
(B C)
Wilson Brothers
23%
10
11%
25
26
.1952
M-S
.1951
J-D
.1951
A-O
Southern
California
Counties
•
14
38
S3
'
Apr
Spalding
P ft
Portland
L 4%%
10
Aug
Aug
15
>
juri
26
109
Woodail Industries
Woodley
Aug
8
Aug
Aug
300
12%
12%
400
12
13%
12%
Petroleum—
20
13%
100"
Apr
Jun
11%
10% Reb
-
May
112
12% Mar
500
g
8
Jun
17%
»
-,.
-
•'
•
(A G)
.
160
-*f
*
172%
Edison
United
Electric
.
125
126
103
'
.
—
111%
98% 101%
40
107
4
105
105% 106%"
103%
A' V
M-N
-1940
■
104% 107%
108 V* 108%
103% 103%
*108%
—
108%
109:
v;;
11
34%
106%
107 ;
-
34%
*34%
78
34%
107
100
104
29
<106% 106%
105
36%
-AS
48-
<
■
..1948
A-O
—1968
J-J
106% 107
—1949
J-D
107% 107%
—1959
A-O
*105%
F-A
106%
..
J
&
>
104% 108%
107% 108
107%
A-O
3%s—
N
105% 107
:
101%
*98
F-A
.1989
stamped
(Hugo) Industries—
Toledo
107
*125%
*150
JS
\ •'
A7-48 2nd stamped..
Apr
;
106%. 107%
,.«:<,
5s..,
A 7-4s 3d
Btinnes
Jan
16
'
•
107
A-O
AStarrett Corp inc
Btinnes (Hugo) Corp—
pfd
Cement.
V-
(Calif)—
■
r-l;%
107
M-S
1st mtge 3b
;
.1971
Southwestern Gas ft Elec 3 Vis—.. -1970
Jan
14%
Wisconsin
3s—.. .1965-
3Vab— .1970
Gas
Gas
Feb
31
91.
105% 107%
101% 104-
7
104%
170% 171%
A-O
18
27
10%
107
107
*103
M-N
...
575
...1
Wolverine
A
2,600
common
preferred w w
Wlrrtlpeg Etec common B
5%
series
20
-i—-•
Products Inc.
J-D
J-i>
/. Jun
23
Williams
Wlllson
in
f
.1949
107
.1979
Jan
flnrp
ft Co
-*106% 106%
J-D
.1952
Jan
WlnhitaL. mm CM1
106%
105% 108
:106% 109 ^ :
105% 107,.
ii-
'
.1964
Jersey—
certificates.
Southern
Jun
1
102%
i 81
New
Bcullln Steel inc mtge 3s
Southern California Edison
*Mar
Whitman
Apr
21% Apr
.
109%
109%,
10
:
V
*108% 109%
r.
:\A7tj-\-
106
'
~
*107
M-S
45%'
;
m
J-J
1959
P
3
91
$87
'
V.Av>
102% 103
102%
%s
101% 103%
107
J-D
San Joaquin Lt ft Pwr 6s 3ASchulte Real Estate 6s.
Feb
49
Jun
of
perpetual
5%s
Apr
Weyenberg Shoe Mfg—
(Wm ft Co
F-A
108
100% 105
102
105%
106% 107%
20
v
101 Vm
105%
;
8
10%
101 %,<
99
r-
107% 107%
Safe Harbor Water 4%s.
40 Ya
33% Feb
30
Aug
50.
4%s B
19
100%
*105
J-J
105%
101%
Queens Borough Gas ft Electric—
Apr
155
Feb
140
ifl
115
May
(Can)
Service
6%
Apr
11% July
12% Mar
2,000
'
105
<98%
98%
10
102%
107% 107%
A-O
Sinking fund deb 4s—..
Jun
Feb
Corp
Public
9%
5%
preferred—•
West Va Coal ft Coke^
24 V\ May
2,900
3%
..1,25
14% Aug
1,900
6%
33%.
,a
10% Mar
6%
Ci
108%
108%
115
105%
5.
1 '
«'
102
A-O
-1971
Public Service Co of Colorado—
1st mtge 3%s.
46% Aug
Feb
100
14%
1
^
.,,
Fed
30«
250'
8 *
8
7%
Wentworth Manufacturing
West Texas
45%
42%
15%
1
**.»■
»
,„i»..
„„
Ward Baking Co warrants.
Warner Aircraft Corp..;
Wayne Knitting
114% 114%
100
i
Waltt & Bond class A.
Power
105
—lit
100
*9
—1968
,
4
..
-
100
J-J
ft Light 58—
—.1955
1st mtge 3s__._...l964
Pennsylvania Water & Power 3%s_1964
3%s :
1970
9% Feb
1"9 % Jun
":t 78'
69
-
102%"!?: >102% 102%>*;i
w
Utility Corp—
A5%s series A (54% redemed)__1948
Park Lexington
5%
„
-
*105%—
'!101% 102%
102%
107%
M-N
.2004
■
.:
v
100«100
100
1954
North Continental
3a-.
'
•.
..
100
4
-.
Pacific Power
5
',. Class b '---
^
'
—
w
m
;
71
•
:X-XlA
>
Airwruft
M-N
M-N
A-O
1st mtge
,1*5%
' " 102%. 104
1
103%
v
-
*105
1948
Apr
'■
•
.
70
*113%
1861
4% May
24
113
I;gp05%,.i07;
$■•!??&.
3V4S^.
N Y & Westchester Ltg
<1106
105% 105%
*1C6% 108%
J-J
1948
Ohio Power 1st mtge 3%s.
WtCO
55%
t'S
US
1947
N Y State Elec ft Gas 3%s
Jan
12% Jan
■
,
,
1948
,
Power
r-
,•
J-D
5«ui
deb
England
•,
•
New England Power Assn 5s
Debenture 5%s
145
Mar
.
8
1,200"
:
3%
17 y8
8%
17%
109
44%
■'
—-
M-S
.1981
New Eng Gas ft El Assn 5s
5s
13% Jan
10% Mar
3,700
3%
.200
Syndicate Inc
Manufacturing..
12 Va
17%
—1
Petroleum
Venezuela
Vogt
10%
..
"
.1967
4 Vis
■
New
.
12
45%
>
©103%
103%
A-O
Apr
5%
6s series
Jan
25 %
f
Conv
1
101%
' 1
106
*:*
.1963
'
New
common.
103%
95%
lt!iio% iio#^©$ ,i' IM i09';\ m Va,.
*
Tafcpar Corp
100%
114
•
Extended
Apr
'
,.34% Aug
Jan
High
6
13
' *104%
__
M-S
Midland
,7Yb <Jan
27
-
Low
No.
101%
*40
.
Range for
January 1v
Sold
102% 103
101%
iO
.
McCord Corp deb
•
Jan
100
Iso
113
113
-4>
i:
High
J-J
.1968
gs,.,.....,.
Bonds
Asked,
J-J
.
8% May
.
July
'.;;/>-4%!A.ttg'
54
' Peb
3,200
237/a
23%
<
i
; ;v
113
——
5
4%
v
t
1957
J-J
29
300
30%
eo o
30%
Bid ft
1952
6s—
Kansas.Qas ft Electric 6s
2022
Kansas Power ft Light 3%s.w——1969
1970
Kentucky Utilities 4tL—..
Jan
99
Aug
20% May
24% Jan
1
new com..
Debenture
7%
i
P
22''-■■Vet
Insurance
Universal Products Co
Week's Range
or Friday's
Last
Low
Interstate Power 5s.
-i
Universal Consolidated Oil
?
'Salo Price
J-D
Jltly
4
900
Perlod
80%'juft
■
4% Feb
1,400-
4%'
4%
—
'
Kansas Electric Power 3%b.....^._.1966
Pen
.•%«
United' Stores
Friday
Interest
Exchange
74>17% :Feh
Mar
89'
350
17,
97%
Curb
Altaiian Superpower
'
;
Mar
8% jaft
1,100 7
97%
15
>7/
,$5 1st preferred with warrants.
U S Radiator common—
U 8 Rubber Reclaiming.
~18Yv Jtia
.
BONDS
York
- •
.44
3,900
17%
4% 7 4%;
16%
18%
46% Jan
167/s Aug
% 8oo;
'
New
84% Apr
49% July
247/a Apr
78% Jan
110
47%
17%'
-' •: High
,x
875
82%
16%
&
7-
f
—
tow
81%
''4/44,,
...25
V.V
Range Since January I
High
47
82.
common- ...25
Machinery
Shoe
Preferred
^vitwiwkf/
>j :-,i
RANGEFOR WEEK;ENDING AUGUST
-?•*•
;Vi' .7
Shares
of Prices
Low
*"**rs -'-.v.
vV-v'
*4::V:|
Sales
Range
Friday
,V 74;4j; Last 4
Sale Price
United Specialties'common-..--...
j
^v
/:<• 4 '
tjf ^ Fofl, Go class
s-r.--" •■•r:
«-r
4-7 7-4;,> 744-4 4 v ■-I
''4.74: ■■ 7<-',7^
''
v
—7: ■'
vt.-
—v.,"
.
444,-7
4s
-
34
'
48
10
105% 107%
v3r
107%
110
Woolworth
(P W) Ltd—
American
deposit receipts
•••-•y-fg. -- r ■ r...,
Wright Hargreaves Ltd..
15
if
-
n
3%
«
4
7
17% Mar
July
-.
Feb%
*1; 7
3% July
6,600
United Light
1st lien ft
«*
Feb
ft Power Co—
cons
5%s-
United Light ft Railways
6s series A
6% Feb
103% 106
(Maine)—
.—..1952
Utah Power ft Light Co—*
^Debenture; 6s series A—.t.. 2022
jr-N
;
1
106%/.
106
*112% 114%.
.
109%
lll6 '
.412
-
!
Waldorf-Astoria Hotel—
A 5s
income
debs———..1954
US
Wash Water Power 3%si
—1964
West Penn Etectrio As^.^——.^2030
J-D
*108%
A-O
1109;
110
108
i960
J-D '
*123
125
122
1959
F-A
West
Penn
Traction
5s
Western Newspaper Union6s conv « f debentures..
82%,*
81%
72%
105% 105%
f
91%
107%
—
110%
,108%
126
101% 106%
fit
BONDS
New York Curb Exehango
-
-
Friday
Interest
■%%"
d
Period
Par
Amer
Writing
Appalachian
.1961
Paper 6s.
Elec
J-D
,
Sale Price
Low
A-0
Associated
.1953
J-J
101%
Assoc T ft T deb 5%s
.1955
M-S
106
Atlantic
■
J -J
.2024
.1964
M-S
—
1957
J-D
1960
M-N
Elec
4%s
City Elec 3%s.
Bell Telephone of Canada—
1st M 5s series B
5s
series
C
Bickford's Inc 6%s
1962
Boston Kdison
IA Central States Electric 5s
A5%s
i
Service
58
Debenture
•
: Debenture
til
124
34
101
104%
10
103%
106%
16
105
108
16
107%
105% 105%
115
105
25
120
111%
7
108%
„
63%
M-S
104%
80%
101%
45
82
112
64%
New York
Curb
7
J
Exchange
104% 106
<
mss
F-A
103%
195ft
A-O
105%
103% 103%
105% 106
A-O
108%
108% 109
66
.
-:
•63
'<
39
73
©©
,
11
105
109
,,
,
Consol Gas El Lt ft Pr (Bait)—
1st ref mtge 3s ser P
Extended
1969
11st yet jntge 2%g ser
.....ma.
1st ref 2%s series R
1981
Consolidated Gas (Bait City)—
Gen mtge 4%s——~.—
1954>
J-D
108%
108% 108%
.,105% 106.
J-J
106
„
106
5
106
,8
110
105%
'
5s—
a External
106%
ALima
■
■.
City
A-0
120% 126
.
Maranhao
stamped
High
'*r'
— —
.
*
78%
——
M-N
,.;
$96 r;
$96
■T-
J-J
<
■—*20
US
7
-'.■49:./ 29%
..
-■•■
33
7
,,
-
*19
j-D
$38
35%
35%
M-N
;
-
20%
*52
—
\p\
'**■'
■
i '
;
31%
97%;
-
27,f| ;33;
20%
—
(Plan A).
mtge 4s ser. A..^.
*..^...1993'
1st mtge 4s ser B_....^..^.1993
•>
■
\ \ A'-' 1
'
,-$35
M-S
8
71
.'39
i-;
—
-
'
69%
7s -stamped——^4—1951•
Mortgage Bank of Bogota—
81%
39% "49%
'
f
'
70%
Jf-S
Eastern Gas ft Fuel 3s/as
Elmira Water Lt ft RR 5s_
5s stamped
J-J
1956
107% 107%
107%
M-S
—^..1961
*125%
—
j
■
AGeneral Rayon Co 6s ser A_.
West 4s.
.1948
J-D
..
Grand Trunk
.1950
J-J
..
Green Mountain Pow 3%
.1963
J-D
Guantanamo
West
ft
6s_—;—
.1958
A7s (issue of May 1927)
A7s (issue of dct. 1927)—
'
J-J
_*81.
*62%
*106
n
3
-105
107%
•
6s
series
Indiana
B
Service
A-O
...
A-O
—
1949
5s^..^.«WM..M^-1950
125% 130
..
82%
—
76
—
..
105% 105%
$73
73%
Indianapolis P ft L 3 %s..^......l970'
M-N
-**107;,
*105%
105
105
*106%
I
60%
62%
107% 109%
71
Interest
7
ARussian
104% 105%
A6%8
series
A6%s
fi-~-iQU-t-
(Dec
1
1941
coup)
■l;," v7
6%s
r^77;V;
75
105%
^
'■:h
A7S
A7s
(Aug
105
—
series
A7s
J-D
*40
47
F-A
*42
49
106%
—
103
104
♦No par
105%
n Under-the-rule
(July 1941 coupon)___~1952
*42
7
53
J-D
4; *98%
38
"2
50%
50%
82
-*•** ■
20%
27%
90
99%
37%
41
37
53
426%
44
,
99%
mmf
*..
J-D
~7
*39
6%
"*7
J-J
•7
■
45
6%
M-S
44
42
49
<«,,
40%
,,
,
1919 %
,,4921m
"
•
J-J
52
.
'
6%
6%'
55
...
25
14%
14 "
c
65
.
63
t>0
t Appalachian
x
d Ex-interest,
Ex-dividend,
y
e
Odd-lot said,
tive;
"w
g
Ex-stock dividend,
Ex-rights.
eturent week.
flat.:
,
Electric Power 4%%
Abbreviations used
•
rCash sale,
IReported In receivership.
C5
60
Deferred delivery sale,
ABonds being traded
:
59%
.
a
sale.
*Friday's bid and asked prices; no sales being transacted during
105% 108%
45
73
value,
104
4
44%
1941
coupon)
1957
F_._^,...._«..^.1952
:
53
33%
2
110
105
—
1955
A7s -.series: E^.^.^...^.«.«..««1957
A-O
J-D
reduced to 2 % ..——2012
Government
AQ%g
'
-"
^
92
^International Power Sec—
'
23%
Rio die Janeiro stamped (Plan A)
—
*103% 103%
J-J
F-A
1st lien ft ref
1947
Mortgage Bank of Chile 6s—i—1931
Mortgage Bank of Denmark 58——1972
Parana stamped (Plan A)
Interest reduced to 2 %s———2008
.
Jan 1949
Jan
Bygrade Food 6s ser
1947
A
1965
Finland Residential Mtge Bank—
.v:
M-N
AMedellin
•
99%
..
Interest reduced to 2%8—2008
r- iri-
'<'■
Lackawanna of N J Division—
85
26%
92%
■
Delaware Lackawanna ft Western RR—
83%
89
99
100
p
80
--
'
•
Low
*84
29
F-A
,.
—
«•*•**
J-D
6%s stamped—.,
1952
(Peru) 6%s stamped.1958
'
$84
Range Since
January 1.
Sold
© '
High; *
rnmmrn
j^r
ifKft
,
Bonds
or Friday's
Bid & Asked
'
.———1953
.•
$121
A-0
Danzig Port ft Waterways—• >. t:
tu,105;cal08%.
4
Par
a 20-year 7s——..—„Jan
1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s——194S
104% 107%
4
Low
Agricultural Mortgage Bank (Col)—>
a 20-year
7s—■,
—April 1040
.
Week's Range
Last
£
Sale Price
Period
104% 107%
103
104%
26
Friday
Interest
110%
63
M-S
50
95
100
BOND.S
V
95% 100
99
Foreign Governments & Municipalities
110%
115%
111% 111%
—
1966
5s
111%
121
$117% 118%
M-S
5s.—1969
104%
109%
12
107% 108%
107%
1954
..Jan
High
101 Vs
110
.
:'£
January 1
106% 107
J-J
deb" **
Conv
Sold
101% 101%
105% 106%
paid).1927
I a Chicago Rys 5s ctfs (part
Cities
Range Since
..
110
1948
—-
Bonds
Low
*120
__
A-0
J-D
Bid ft Asked
*103%
—
.1970
3%S
or Friday's
High
Appalachian Pow deb 6s
Pow
Week's Range
.
Last
above-4"cod,"
pfd, Aug 21. at 117%.
certificates of deposit; "cons,"
"conv," convertible; "M," mortgage;, "n-v," non-voting
1," when issued; "w w," with warrants: "x w," without
consolidated; "cum,'* cumula¬
stock; "v t c," voting trust certificates;
warrants.
I
=a
THE COMMERCIAL & FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
B4NGT FOR WEEK ESDING AUGUST
23
-STOCKS
Baltimore Stock Exchange
Range
for Week
of Prices
Shares
Par
co
toAii
:
Preferred
Low
:
*
ooaynou v to-.-.--.—*
Corporation
25'/*
—u.
vtc
Mt Vernon-Woodbury Mills com
6.75%
prior p..d—-
cum
■.>■"
RonAw
* *
—20
50
.w
-——'.'.10O
*
Transit
Baltimore
Co
4%
—1975
Mills Inc-^-r
%.
.
16 Va
50
15
6
168
■'%
51%
176
104 ' :
31% 31%
.51
61%
"
"34
■
,106,;
'
94
/
$6,500
.
'
—-•
-•
for Week
Shares
19Va
183
Jan-
16% Jan
i98% Mar:i
87
102% 102%
Jan
37
54
(A M)= common
Illinois Pub Serv $6
Central a
Prior
May
Jun
Jan
Apr
.
Co
Convertible
_
Aug
58
106
•
r
W
pfd
Chicago Corp
Common
1Q3
Jun
Cities
Club
Co
12%
20a
5
199
25
24
f
12%
12
•
65 %
65Va
*
171/2
17
preference
*
common
Uten
Co
II
113
10
79
300
343/,
com
♦
13 y4
5
21%
Consumers
Week's
Friday
STOCKS
f?
Range
Low
1 *ar
American
'
35
38% Mar
19% Mar
52"% Jun
58% Feb
3,021
181% Aug
54%
60%
203
44%
58 Va
45%
129
Copoprl;.--———-50
Carpet 6% pfd—100
Anaconda
xl50
Boston. & Albany RR————100
5
141% 142%
141 Va
Boston.rEmi»ou;'i:^w-r^-^W^-«^^-25
xl50
52 Va
143%
142
53
200%
30Va Jan
43% Jan
"
Bigelow-Sanford.
3514
2,600
22
22 y2
500
50
51
50%
51
common
136
Jan
Fox
1,650
44
Mar
55
79%
78
80
195
77
Aug
42%
43%
538
37
Feb
45
57%
59%
223
57
Aug
91
Mills
01
Util
Co
&.
Ry—
Traveler
Corp
.52%
.
(Peter)
Brewing
10%
10%
6
13%
13%
11%
11%
11
*
17%
17%
8
32%
35
10% Aug
143
100
class C 1st pfd stamped
7%
July
Goldblatt Bros Inc
Gossard Co (H W)
12
21
Jan
Harnischfeger
22%
Jan
11% Aug
16% Aug
23
Jan
Heln
20% May
Kibb
26%
42
July
91.
:
Feb
Heueman
Jun
Eastern
Inc
Inc
Lines
S3
Employers
Group
Engineers
Public
First
103% 104%
Electric
Class
!;• Isle
B
Royale
Motor
Co
National
46%
1,285
5
44%
Steel
England Tei At tei
North Butte Mining
Jan
10%
Feb
1,175
1%
115
3
305
48
10
19
T
18
51%
42%
La
Jan
-..
8%
314
46%
10
Salle
425
166
17
20%
70c
280
127
4,045
Ext
&
Old Colony
RR.
..I..i,mil*int«»iin«nmj»■!>ilOO
■■
Reece
•
Corp —:
Reece Folding
Apr
25%
Jan
1%
■
TorrtogtoA.Co
Feb
142
Aug
3% Feb
United
Fruit
Co....—......,
United-Rexall
Drug
United Shoe
6%
Mach
preferred
45
75
2%
500
Jan
35% Aug
3%
preferred
36%
$1
West
&
Corp capital
Hart
Inc
f
...
Minneapolis Brewing .Co
Modine Mfg common
common
Montgomery Ward & Co
common
Muskegon Motors
National
North
special
Standard
American
cl
1
4
Apr
Jan
Feb
46
Jun
52%
§9.; Mar
8% Jan
Jun
Jan
'70%
71%
225
64% Mar
79%
57%
57%
57%
131
67% Aug
83%
Feb
..
20%
21%
320
18
23%
Jun
30%
433
29% Aug
19%
19%
46
50
82
700
33
Aug
71% July
33
33%
120
31
43J/2
44 Vz
150
50
common
Bancorp
Jan
Apr
39% Jan
Mfg
30%
250
19% Mar
37
14
May
14
100
13% Aug
16%
Jan
32
Feb
20
•
—
•
Potter Co
common.——
(The)
l
•
146% Mar
157%
36 V*
Aetna
BalJ
American Pub
common
Serv
Bange
Co
A
Asbestos Mfg
125% 125%
185% 197
r.
-
a
,
Co common-—.
Washer
1
Mfg
Co
14%
common.
8
v
6%
Rath Packing common——
—10
31V*
Sangamo Electric Co common—30J/2
31%
32
29'/2
30%
Schwitzer
41 %
44 Vb
400
36
Aug
Jan-
9
■*
Cummins
__
capitaL———1
43y2
Bears Roebuck & Co capital-—.*
S
Serrick Corp.clase B cpmmonLj
SheUmar Prod Corp common—-4—*
common.—,
Brown
Fence
Bruce Co
Burd
&
(E L)
Piston
Burton-Dixie
For
(E
J)
650
;
18% May
■
•
7%
8% Jan
50
19% Jan
22 %
34%
350
20 % July
12 % Mar
49% May
26% Jan
>300
14% Feb
500
46y4
400
25 Vo
50
300
'I
250
300
250
May
36
-
Jun
July
38
400
33
1,650
56
57
90
—
31%
31%
—
86%
89
208 South La
Salle Street Corp com44*i/4/
United Light
& Rys wl
Jan
July
—4444i4
U S Steel common
•
:
37% Mar
41
Feb
25 %
40
I-May I
Jan
17%
40% Mar
0% Jan
39
Mar
Feb
10% Jan
Apr
22
May
Stores
Wisconsin
Inc
common
Bankshares
4.30%
—*
common
Jun
51
May
Jan
-
Alleghany
4 American
Corp
33
400
May
87% Feb
14% July
10%
-
i....
I
——
>
•
-
•
5
'A;',
*
:
EliBctrlc^,...4—.^.*
v
l——1 ?4-
Curuss-Wrlghc
.
*44
5%
•1,000
18%
'400
17% Aug
1,000
31%
44
-
45'
5:;; Aug
;
600
Electric
.
Co
.*
Motors
20%
Jun
Interlake
27 y«
Jan
Laclede Gas Light—————
Iron
Corp
Jan.
'84%
Jan^
110
Jan
;l06/;;.«lan/
23%
11%
12%
700
14%
15
200
-14%
Aug
20 Yb
700
7
Apr
12 % Feb
:/"7%
■;
7%
18%'Api l
200
«5% July
13% May
10% July
Apr
;-V
v,
Graham-Paige
Feb
Aug
51% Feb
* »%
-
Farnsworth Television & Radio.—1.
General
Apr
*42
104
~4.'"
J4%
-4."■
7%
%23
Apr
43% Jan
.4 v
r23y»
' r'...m mul' ''
S&'AugA
39% Jan
;;.-"4S--:----May'
■19;
Jan
13% May
••
42
.Atch Top & Santa Fe Ry com—10(L'T^ "44
Bethlehem Steel Corp common—.—.*
;
Continental Motors
Jan
39
—
Mill—--———ld^r/41%
"Anaconda Copper' Mining——.—.—80
650
t
17%
•—
*
30%Aug
'V
•••
Radiator A St Ban «onu
Rolling
5'
--
200
300
15 Va
10
4.
7
i ^
UnllstedStocks—
30%
40
15
__
Machine: capital——8.
Tates-Amerlcan
30%
38
38
•
..
,
17
s 37%
Feb
lb. v'h
Feb
59% May
66
25%
79%
400
-
—
1 ;--4 9'/a
common—..-—*
■
A
45%
:
/,•:
.
16% Apr
12% Aug
46 V*
46% May
9%- 9%
9% Aug
13% Jan
/ 4.4"-
-.4.
7%
/
7%
;f|/
51% Jan
100
•
Jan
'
V
16%;
Ja n
29%
common
Cfertaln-teed Products
22% X23
Feb:
38
(The)
^Columbia Gas &
is
17% Mar
37%
21
30%
Co
22
-
Feb
38
iFrane
30% July
l
8%
34% July
41* Jun
—13%
1117
13%
457/a
25 Va
I
45- :'Jan''
Apr
Feb
15% Jan
46% Feb
50
5% Aug
12% July
18%
20 Ya
200
35%
3,300
29
100
1,400
12%
220
700
6J/4
45
600
45
41
Aug
500
54%
'
36%
15%
45
39% Apr
V
200
27 y4
54%
12%
69% Aug
<
Feb
?
Jan
38
15%
1
12%
HI
20 y4
32
24%
50%
400
11% Aug
36y2
American
50%
.50
5%
Apr
Jan'
37% July
20 V4 Jan
30%
i
,_5
common
common
*
common
page
Corp
5%
—
49%
12%
'
|
.
Jan
31%
Jun
150
*
•
Jan
May
—
Feb
20 y4
40%.
21%
capital-
Wire
see
67/a
4
Aug
14% Aug
5% July
22%;
Corp
footnote
134
199% May
39%
common...
Ring
12% Jan
950
ie%
54
25 Va
39
—
„
Westlnghouse EJec & Mfg com—.12%
450
37%
54
37
24 y2
10% Aug
33
Mat
700
22%
Mar
Aug
July
16% Aug
16% Apr
700
10%
-
31
70)
18%
10y2
—
Wieboldt
1,000
37%
18%
18J/0
—
Feb
4%
;.i5%
500
—
—10
Feb
Jan
Jun
15%
20%
:
1,800
17%
.*
capita?
Corp common
14%
10%
124%
185% Aug
*
,
Sons
;
9%
10
10
347/«
—10
Oil of Ind
Fur
Jan
22%
,
18
Jaii
3
common
33%
28
16 Va
—
1
common—
20 y4
common—
Co
30% Mar
450
10%
a
13%
14%
6%
9%.
160
__
5
—
Feb*;
1,2004
31%
18'/a
9%
Feb
i
Feb
8% May 40% Aug 1
17V2
—
May
38% July
34 V2
-
Signode Steel Strap Co com <new)—*
Binclalr Oil, Corb4.
—•
zSoclety Brand Clothes com
1
20 y» July
700
15%
9
6%
May
May
47%
50
13% Aug
8% Aug
.
5
Bliss & Laughlin Inc common——.5
Berg (George W) Corp
Borg-Warner Corp common
__5
&
20
35% Aug
v- 7 i
l un
100
17% Jan
•:
com—
Bergboff Brewing Corp
Binks Mfg Co .capital
Brach
80
250
16
100
__
common—k_——20
mm
4V4
1%
-y -r
Aviation Corp (Dei a ware)
Bafitian-Blessing
11%
125%
700
14
127
Jan
7
7
—
(The) ^common——*
Colo
lotp
900
600
185%
capital——100
Barlow & Seelig plass A
Belden
Banre Since January I
,
Co
common——
Athey Products capital
Automatic
Shares
High
11%
,
37%'
108%
.
Swift & Co capital--—25
for Week
of Prices
'
11%
50
Jun
Sales
preference—._100
American Tel & Tel
Armour
—•
112'A
/
<
29 Va Jun
.
10% Apr
8% Mar
•
Feb
Bund strand Machine Tool common—'—8
'
Bearing
36 V*
2,700
2,000
*7
Sunbeam
9%
Feb
|
May
May
36
May
41%
19% Aug
51
103
40
of
Storkline
13%
1
•
7
Corp
Serv
Standard
19%
112 /
•
common—1
Standard Forgings
13%
14% May
44
40
Process
Pub
!
Jan
29'/2
10
common
Car
£outJb Bend Lathe Works cap
19%
300
;
^
May
78%
11
47
18%
19
11 ya
47
9%
Jan
10%
47
..
14%
11
53% July
5
100
10%
18% May
65
Apr
49% May
; v
18
46
Stockyards cap.
—
•
Standard Dredge common———1
/
13% Aug
9
79%
Oak
49'/a July
;
31% May
Jan
19%
Peabody Coal Co class B com—.——8
~0% preferred -————
.4100IV
Pennsylvania - RR. capital60
29%
-
Jan
5%
Feb
14% Jun
78% Jan
Mfg common—
20%
8,450
Jun
•
St Louis Nat
Admiral Corp yn^mnn
Advanced Alum -Castings.
Apr
800
12V2
18
May
•
A
111 Corp common
Spiegel Ipc
i Adams (J D)
67%
25'/4
10%
'
•
Feb
20O
tow
39% Feb
23 V2
11%
18
Jan
445
s
Apr
—
10
6%
1,770
•:
38%
Jan
11 y2
47%
82%
Last
13
800
Jun
15%
■iV::
200
48%
41
51%
£
Jan
53%
Sale Price
27%
47
Jan
25%
50%
rat
27 »/4
Jan
11%
23%
81%
Week's
11% Mar
Jan
46
100
14%
Friday
250
19
20
250
53%
.
32 >/2
15% Apr
35% May
650
26
14%
STOCKS
1,200
27'/2
19%
$200
12%
„
•
17%
46%
51
25%,
23% APr
35
37%
12 Vs
47'%
•
vtc
common
Feb
51
—
1
prior preferred
8%
57% July
11% May
Jan
36
__
.7
common
23% July
15% Mar
30
a
,'w
7%
27%
18% July
154% 154%
—
Jan
1%
125
—
5
•
14 % Mar
257
1956
common
common-
•
BONDS
American Tel & Tel conv 3s
12% Jan
5% Aug
55% Jan
Mar
.2%
15% July
40%
Westlnghouse Electric C^—
13
13
May
21% May
58% May
14% Jan
common
155
48%
10
500
Northwest
655
40
;.—*■'
27
22%
Nunn Bush Shoe common—
-26
.
20
40
21'/2
__
26% July
30
Jan
Apr
62
-
Aug
Jan
6
Apr
16
47
MiU—50
Waldorf System Inc.——,..,,
22
13
80
47%
19%
"40
*
700
200
14 y2
16
19%
W.
5
————
US Smelting Ref &
610
3%
15%
3
35% July
25
Inc
common—
U S Rubber
•>
15%
Union Twist DriU....^.—5
H
37%
2%
,"19%
...."
i,
;'
50
3%
-i.
24
22
14%
Jan
Aug
76p. Jan
480
39%
15%
•
—
5
35%
—
Webstet' Inn—•
&
4
4%
36%
3%
•
-
Machine.—.—10
Association
Shawmut
8tone
-4
-
39%
Pacific Mills common
——•
Pennsylvania RR ■ ——i——50* '
Quincy Mining Co
.—25
Univ
Co
Northern
%
22
40
•
Jun
May
25 V3 Mav
20%
•
Lamp com A
cum pref^
Middle
79"% Apr
19% Aug
-130
1%
jr
Feb
30
38
__
Feb
Jan
Jan
23 V2
l
pfd
Marshall Field & Co
58%
Jan
60C
2,000
&
Util
Apr
14% Mar
43
75
1%
$6
22%
July
«% Aug
25
Tube
Cumulative
Aug
4%
July
64/a July
135% 140-
J%
Power
60 Va
'
—2.50
Jun
*
common
Llbby McNeil & Llbby common
Lincoln Printing Co common
Lindsay Light & Chemical com
Aug
5
Jan
Feb
Apr
45
Jan
24
137
————100
New
25%
Fe b
(new)
Prod
Katz
70% May
Feb
22 Va
s
3%
61c
Jun
Jan
17%
20
50
55%
19%
75
20
300
40
46%
I':,, -61C
Jan
450
22
__
8V2
71%
--.8
-—
Cos
Service
55%
25
21
10
56J/2
8%
25
19%
69
24%
«
capital
8y2
678
■
69
25
25
common
56J/2
380
■
33
56V2
37%
•
26% Aug
Jan
50
43%
—
—
yNariagMfiseuy
Nash-Kelvinator
Apr
16V4
20%
50
35%
—
17%
650
750
42%
—
2,400
31
5%
35%
preferred
————100
Mergenthaler Linotype
*,
26 y2
29»/2
Jun
Miller
t>%
25
13 Vb
43 Va
4"%
19
200
25%
30%
5%
34-
*
8%
common
5%
Jan
25
27 V2
1
8
Parts—
*
54%
•
Apr
Jan
Kentucky
90
>.*
Loew's Boston Theatres—
27
25%
27 y2
1,000
Ken-Rad
645
Maine Central feR common-———100
20'/a July
20% July
22
22 %
Apr
63%
4%
300
21%
Feb
61%
3
Jun
41%
July
53%
30%
46
32 Va
15
Feb
Aug
149
——————
Apr
17
1
34%
Copper
Coppei
Kennecou,
42%
200
Drug Co common
Kellogg Switchboard common
35
*
100
25 '/2
Jan
34%
——
Jan
Apr
34
44%
14%
35a/4
8!/2 Aug
24°/a Jan
25
—
A
1,550
47
~-
—-—*
—
—
Bakeries class
Hathaway
9%
120
*
Olllette Safety Razor Co
Feb
21%
Warrants
Lenth
General
Feb
79%
Feb
1
Stores—62%
National
16%
Aug
Jan
-
Jun
11% Aug
63 y2
Aug
406
25%
Jun
Feb
Aug
200
16
17
36%
Jan
19
50
800
30%
.16
;
20
Apr
Apr
i2»/2
103%
36
16
Assoc——
23 y2
27%
27
65%
55
-a
36
*
Service
1,150
180
100
100
common
12% Aug
__
104% May
Interstate
6% 1st preferred series A^
5 r/o pfd adjustment—
Eastern
Jan
99
Ry-*-
Street
Mass
75
300
25
__
10
com
Brewing Co G capital
Werner
Indiana
100% 101%
100
May
12%
35%
—
__
Spencer Bartlett
Indcp Pneum Tool
preferred—i
prior
34
30%
8V2
__
Corp
Illinois Brick
& Fuel Associates—
Eastern Gas
1*4%%
Aug
ny4
__
•
Jan
Feb
111
63y2
64%
•
21 »/2
8%
Jan
8% May
23 V2
__
—
common
16%
Apr
4% July
22% Aug
50
common
!
12
48%
?
350
47'/2
*
Jun
25
52
11,300
49'%
•
J
Feb
Jan
11 yB
1%
1
1
Apr
17
1,300
25
12%
1
Apr
Jan
22%
12y2
5
36
10%
•
12>/2
10
Feb
r
Horders
Cities -Service
r
11
Jan
200
10
common
common
Great Lakes D & D
Boston Personal Prop Trust---—
II,
22'/2
22 V2
22 V2
5
Apr
25%
550
ill
Jun
20
Feb
45
-
2,300
474
109
23
15
Refrigerator Co common
Gillette Safety Razor common—
ttft—
Maine
7%
0
5
com
Inc
70
16V4
47/a
111
Jan
Boston
M
Corp
new
America
15 y2
47/8
•
Gibson
Jun
57%
Household
.
1
General Candy class A
Finance Corp common
General Motors
Corp common
86% May
-42%
Herald
)?>
10
General
Apr
*
Elevated
Boston
i?
new
Four-Wheel Drive Auto
May
150
Corp
Elgin Nat Watch
70% Jun
51% Feb
153'
Jan
100
Boston
%
34
22
Inc class A
Fiuux
Jun
prior, preferred
————100
5% class A 1st pfd stamped100
8% class B 1st pfd stamped
100
®
34%
.1
(The)
Paper
Electric
High
90
50%
181% 197%
186%
it
LOW
48%
50%
100
Tel--——-i-——»10u
Woolen. ——:———*
l'e;
High
46%
Agrl Chemical Co—.——.j--*
American Sugar Refining com
American
Bange Since January 1
41%
Jan
v4
31'A
25
Domestic Industries
Shares
Feb
7%
18
common
Eddy
for Week
of Prices
Jan
26%
150
450
partic pfd
vtc
Dodge Mfg Corp
Sales
Last
Sale Price
American
Co
^y.
,
Aug
,
114% Aug
100
23
Biscuit
Jan
17 4 Aug
40
34%
Jan
Feb
59
114 y2 115%
.
10
Jan
8%
inn
1,250
?
Feb
20 >
83'/4
Coleman
(The) Co Inc
Commonwealth Edison common
Consolidated
184
1,700
Feb
Jan
115
115
<83y4
__
_5
210
13
Jan
Feb
10 V«
375,
65%
May
39
110%
3% Aug
18% Aug
450
,
',19.
114
.
_*
33%
300
25
High
Jan
May
-
xl07
1,100
201 %
3
conv
200
19
H8y2 n«y2
__
s
common.
common—
Service
250
11
11 y2
95%
108
170
31/,
18%
__
*
capital
Aluminum
109'/4
31/2
000
preferred
Chrysler Corp
.
„
471/2
109
109y4
♦
—
Co
30
_l
common
Convertible
300
47
pfd——♦
preferred
LOW
33
108% i09
II
Banco Since January 1
High
311^
__
10
Util common
lien
Preferred
Cherry Burrell Corp
95% Jun
Jan
99% Jan
2,350
Low
ift
•
Central HI Secur Corp common—
55% May
Jun
&
Central
13% May
,,
'
.Sales
Range
of Prices
preferred —____100
Chicago Towel
94
Week's
;
Last
Chicago & Southern Air Lines
.
20-yf debS~lsubordinated)««^>-^;-' ^
Castle
3l%May
(31% Aug
47
Jfttt
557
Brothers
4%%
'
*
4s__
Mt Vernon-Woodbury
124
104
■
*■
(
201
16V8
Casualty———_2v
31%
V a.Fld61tl»''&Phai*;.r *61
'
11
182% 183
:<>■**
..
Friday
■
..
,
Bioh
25
Jan
4% Feb
> 28
Feb
447
—
Amsterdam
New
26
|42%j44>/a
iiU^-20>
Fidelity & Deposit 'Co—4;.
•
Range Since January 1
Low
•-»9
■
—•
Buffer
High
25
100
—
Eastern Sugars Assoc com^tc—„,_—_,_l
■
-n.v.- •
Par
*A»»t
Sale Price
Arundel
•
Sale Price
•
7/: July
61% Feb:
.
.'13%
Jun
20%
Feb
£
8% May
.
*'v.^v•-.?
>1
v.
*YY4V»/V '*A
;-»'v ■>
•
:?1V?"TA
t f-•»■.(>*
:•&'■•'■'■
.
,
*»*,»»*»»- «#.-*A**r
'■'
15.,.,
•
:«*,
1
.
Volume 164
....
...
....
.......
.
...
.
....
...
..
.......
...
.,..
'
.
•
•
ik
^
#f*V*-i4 |:':i-V
Number 4519
.
>
v■
4-; vf
'
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<:
COMMERCIAL
THE
•:■•:■
■
■
;,'
•■>■
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* FlNANCIAt; CHRONICLE
1111
'i «'! j.
**
BANGS FOR WEEK ENDING AUGUST 23
f
•
Friday
•V
Last
Sales
Week'e
■J
Sale Price
•«••■• for Week
Shares
Range
of Prices
Range Bluet January 1
~
.'■/
V
■■■;.:
Par
.
,
Martin
(Glenn L)
WttSli-Kelviuaior
Co
York Central RR capital
North American Co
-1
-
Pan
Motor
Amer
Paramount
Pictures Inc
-Co
new
Co
V,.'
33%
200
)'■'•
\
-33%
32% July
8 ' Aug
3t
2,000
500
17% July
32
37%
300
38
200
33% July
30 /Aug:/'
ba%
Feb
b7
100
20
Feb
28% May
700
13
Aug
19
Ja«.
28
Apr
30
30
«.w•
A.-
— —
26%
26%
13
13%
•
—.
WATLING, LERCHEN & CO.
Jan
8%
•
common
Aug
:1
Jan
Jan
18%
8
A- —
-
(The)
22
v
17%
17%
1
Pullman Incorporated
Pure- Oil
900
*
44
25 y4
i
19 % Aug
-
35%
115%
com
23%
33%
8%
—
—
600
20%
22
*
•
'
19%
10
-
Car,———
Airways Corp
20%
35
Feb
38%
a
High
Low
High
1
common
Corp
New
t-Auaard
Low
Apr.
New
10% May
York
Stock
Exchange
New York Curb Ateoclate
:
,
Detroit Stock Exchange
Apr
Aug
Chicago Stock Exchange
-
'37% Juv
Ford!
Feb
J:||
Building
DETROIT
'
Haaio
Corp of
•
America common—
"nil
Radlo-Keith-Orpheum
Oil
N
Cnro
Wilson
&
/July
Jan
17%
700
16
40% July
-18% Jun
Apr
'
-.—-A
„
1
——
1
_
.
4%
4%
—50
July
27%
2,200
5
Feb
14
200
86 Va
Jau
17
STOCKS
..
May
6% Ma.
4% Aug
600
18 %
38% July
Apr
P
6uv«
17%
Detroit Stock
22% May
—
—•
common
10%
78% May
18
150
30
10%
10%
Feb
100
18%
29
1
L
_
—
62%
18%
1
Co common
Co
20
30
17
11125
•
U S Rubber
700
500
Telephone: Randolph 6530
■
——
common
Sunray Oil Corp,
21%
38 y4
*
J
Standard Steel Spring
Ptudebaker
21
15
common
of
.
36%
—
Socony Vacuum Oil Co Inc
standard Brands
21
••
Republic Steel Corp common
Standard
-W
Apr
Sale Price
Week's
Friday
„
,,
Machine
Last
Range
of Prices
Par
American
Laundry
American
Products
Machinery
20
39 %
39%
41%
312
4
109
1%
21
100
13%
Jan
11%
11%
150
11% Aug
102
45
Carthage Mills
•
Class A
80
Ball
58%
28
28
*
Crank
5
Cincinnati Gas & Elec pfd
39
58%
*
Cincinnati Advertising Products
98 y2
39
40
Champion Paper & Fibre
85
98%
loo
Class B
16
104 %
104%
0
Motors
3
Crystal
Tissue
3
28%
142
15
Mar
5% Mar
580
14
Jan
124
89
Mar
105
; Aug
109
Aug
Ball
Hoskins
20
May
Hurd Lock
May
Kmsel
106
~
28%
20
27% July
38%
15%
15%
25
15%
Jun
21%
18%
100
15
Jan
&
Drug
Eagle-Picher
Formica
&
Hobart
50%
•
_
Kahn
Jan
Apr
13
Masco
May
Michigan Sugar
May
National
37
Jan
70
Mar
Park
19 y8
Feb
29 y8
Jan
53%
169
14
101
/ Aug •,-H"
11 ftMar'<
56%
106
44%
Jan
20
28%
180
11%
8%
12
Gamble
&
nucter
29%
Rights
61%
Feb
71
Apr
Feb
250
10
251
May
Superior
General
83%
Apr
55
41
32
Jan
5.7
Jun
70
50
Jan
53% Mar
11%
79
64%
14
2% Apr
107
-
35
Tib
8%
8%
~2%
2%
3%
800
2%
2%
2%
7,890
4Va
4%
4%
175
~8%
100
120
32
Shirt
3% '
8V2
470
6%
6%
300
•5%
5J/a
41/a
4
4%-
47/a
4%
4%
666
7
6%
12%
4
,
4% May:/
6% Jan
30Q
10%
10%
274.
10 V4
750
10
Mar
5%
5%
20O
5 V2
6
6%
425
6
.6% Feb.
Feb
Aug
17
23%
6%
20
-
300
1
3%
3%
4
3
3
3
26% July
S
Jan
v
j7
Jun
.
8%
Jan
1,100
Mar
237/a July
.3 % Aug
2% Aug
1,715
4
common
9% Jan
6% July
Mar i
9 y«
Jun
;;
11% Mar
7% Aug
700
*
Jan*
19%
July
Aug
b
.2,950
8
20
13%
>
23% Aug
727.
.
14%
7%
•;
290.
6%
14
*
Distributors
23%
6%
1
7 • Jan
4% Jan
•
Jan
Feb
7%'July
■
•
.110
Jan
5% Jan
5
-May
Aug>;
1
new
5
8% Jan
8% Aug
5V4 Jan
*
May
13% Mar
Apr
3%
1,000
Jun
Jan
.
45 %
400
10
Wayne Screw Products
/;
3% July
3%
1
Aircraft
4
Jan
■-2-Hr
Jan
14%
Jan
8%
L
34
:
2% Aug
8y4
Jan
-%
63%
600
40
Jan
15%
Investment
Warner
Jun
382
26% Mar
9% Jan
41%
12%
6% May
4
Apr
80% Aug
Aug
.
65%
200
26 Va
26%
55
20
52%
53'/a
10
51% July-
•
40
8
20% Jun
July
110
3
2%
25
Jan
Jun
26%: Jun
17% Mar
^
1
Brewing
Udylite common
Aug
34'/8
•
32
*
10
Bearing
2%
200
Feb
42
I—
,
Roller
i
31%
11%
»
.
Tivoli
52%
Jan
11%
l
Tim ken-Detroit Axle
27%
200
<
:
Feb
23
543
20%
25%
1
62 Va Mar
515
24%
20
2
—
65
%
Motors
Oil
Pure
Timken
Tool
74%
42
24%
25
20%
10
8%
38%
;
Jan
,80
9% Aug.
458
1
Paper,—
5% May
11%
•
—
13%
Sheller Mfg new common
Standard Tube class B com
200
32%
—
u
Feb
9%
1
Scotten-Dillon
5%
41 %
Service
Cities
8%
»
Jan
United
Columbia Gas
8%
Mar
*
Apr
Union
.
Jan
6
1
34%
Unlisted-
28
5
1,290
1
14
'
American Rolling Mill
4,235
7
common
52%
52%
149
7%
common
54
*
50
—
65%
6%
6%
2%
Co
74%
74%
10
64% July
65%
6%
1
Apr
(HW)
Raisin
Jan
6%
10
Jan
Rickel
Aug
6% Feb
4
16% May
Peninsular Metal? Products
Prudential Investment
56 y2
35
•
2% Mar
16% -Feb
10
May
14 f Aug
65% May
50
692
250
1,200
9%
Stamping
Chemical
5%
0
Playing Card
U S Printing,.,
65%
250
100:
U. S
Preferred
64
64
•
preferred
Randall class B_
3
17"-" May
<
4% Mar
11% Aug
Packard Motor Car—
57
12
2%
"
23/':. Mar/-:
12% Jan
common
24 y2 Mar
29%
'/
900
Feb
500
common
107
*
225
1,724
6
Feb
Apr
7
324
Products
Oil
110
#
J
Motors
Meteor
35
5%
j
Screw
River
Lunkenheimer
12%
33
9%
28
4% Aug
0A ' Jan
12
Drug
64
14
14
*
.—
:
12%
34
1
25 Va
50
12 V*
16% July
Jan
—1
Kresge (S S) Co
Lakey Fdry & Machine
Feb
18% Aug
54%
class A
100
25
15%
Mfg
32
80
4%
»
63
64
1,513
4%
2%
24'/a
•'
*
_
12
40
26%
23% Jan
11%
Car
28
10
Insulation
Gibson Art
12%
12%
0
6% July
,
-1
Bearing
Motor
Feb
McClanahan
Dow
500
26%
26%
——10
Mfg
Hudson
115
28%
18%
Hoover
13'/4 May
67
16
50
Motors
Genty
Aug
7"
7
May
28
108% Aug
14% Aug
13% Aug
14%
Finance
Goebel
Aug
65
16%
50
Cincinnati
Crosley
3
39
230
280
v
5 K Feb :'/f
21% Jun
135% Jan
x
Michigan Die Casting
Brewing
Graham-Paige
Feb
13%
13%
Jan
19
"3
85
Aug
257
108% 115 1»
14%
15%
~2%
General
39
260
m ?e b
16% Mar
ZZ-l
Gar Wood Inc
Aug
150
2
_
General
98 y2
150
15%
1
Corp
12% July
Jun
3
18
5
May
47%
1
10
Jan
98% Aug
50
Steel
3
20
Frankenmuth Brewing
Friars Ale
Mar
6
21
111%
Cincinnati Street
Crosley Corp
1
28
9%
111
10o
Telephone
46%
Jan
21
i—:—100
Cieve Navigation—
Edison
common
Detroit
High
39% Aug
4
0
Brummel
Cincinnati
Low
High
18
1
Detroit-Michigan Stove
Range Since Jannary 1
High
*
-
Preferred
Beau
Shares
LOW
100
4Vi» Jan
15: July
2% July
5
Detroit Gray Iron—,,,
for Week
LOW
.
4%
15
~~~n
I10
,
«ss
Detroit
Sales
Range Since January 1
•
—
Continental Motors
Exchage
4%;,
i
Davidson Bros
Detroit
Shares
High
\
1
—
McLaren
jarown,
Lots
i
Rubber
Burroughs Adding
Chrysler Corp
STOCKS
of Prices
Par
Allen Electric
Exchange
Friday,»\Week'a'■■;:■„■.; .Sales"..:
;I»aat
' Range
for Week
.
i-s.
Apr
20% July
Baldwin
Cincinnati Stock
20
63% Aug
com
It..-,,
rt-
Jan
28% May
Mar
65
Jan
COMPLETE INVESTMENT
FAIRMAN & CO.
Cleveland Stock
STOCKS
i
Friday
t
Sales
Range
8ale Price
of Prices
Par
American
Coach
American
Tel & Tel
&
6%
1
Body—
5
100
Cliffs
Iron
15
pfd
Cleveland
Graphite Bronze
Corp
Cliffs
(Un),— j_1
—5
Consolidated Natural Gas (Un)„—*—15
& Cleveland Navigation——v5
Railroad
Erfe
(Un)—-
Co
General
Co
Glidden
(Un)_l25
_L_,
1
(Un)^-.
-
623
26 %
Jan
Greif
Bros
Towing-common,Cooperage A——i,
Halle
Bros
common-'—-——--I
27
100
5'
47A% preferred
39%
>
•
39%
25
al07
„
al07
-
;
Industrial
Jaeger
Jones
Rayon "(Un) J
Machine
& LaugnMn-
Kelley
Island
Lamson. &
National
Ohio
Tile
Oil
—:
&
-•
i
is
Cement
.Wfci.av M
10'
M*lAlM Wf
Mfg
MM
—
(Un)—i.
M.
1
5
27%
w_^—■
S
Steel
common
■
World
'
:
56
28%
89%
,,
—j
Tpbe. comntoaiMf
(Un)—^
Yo.ungstown Steel Door
For
footnote
see
page
IS
:
v
1117
/
{
; »..«-■
;
:
.
r
---
.
19%
" Jun
Qll
Chlca
a
cnm-^,
•..
,■
Central
Investment Corn
Certain-teed Products Corp
May
Apr
v
Cessna
63%
17%
Jan^
41%
8ya
Apr
r:
100
15
20
42 Va
25%
1,575
700
* '
"l
' *
Feb
Farn8worth
Jan
Fitzsimmons
Feb
•
<V 1
•
\
V
f
y"i
t
«
Incu.—ifi*:
-4^4—.,4600
/ General
Stores
2.05
370
12
14%
480
;
744
'
-
.
..,.
'
l.
-
:^TO"4. :w25 ^-Apr
50.
24
Feb
.,61%
lotf
23% July
-
,
_
34 y2
I,- 39
.
.
.
{:
Feb
Bollv
Jan
Corporation——
Development Cnj
^
Hudson
July
83 Vh Jun
31
Honolulu: Oil
-
>
■
Motor
Hunt Foods
Car/
'
*
,.T.
1.65>„
t
Hupp Motor Car Corporation——1
$9
,
1.50
50':
Company^
»
Inc ;cpmmQn—v-4—6%-
68Va
—
a8%
Jun :\; i,
May
.
.
Apr
Aug
Jan ,
8
.
64% July
21% Jan
.
83
.,100
50
257
.
15
.
,
Mar
.
25
'
7'
Jan
Feb
Jun
Jan
19% Jan
15% Jun
79%
May
76
Apr
56-
■
Juiy
27 .^ Jan
8% May
.
}'l95
32% Mar
;
83V4
20%
2.70
385_
.100nB ^utt
.
^rFar
..
.
Apr
V
30
61% Feb-
7,300
50
li
i:
,
..
355
12
-
35
,
1.70
40%fC : 41.:
&8% a8%
31
*r v^r\
456
89
23% Jan
24
Feb
45 V* Feb
.
363
69,
-
a26%a26%
^
.
a24
a24
.
common,A———*
4
a66
a64
,
156%-ApT;
,
,r?'lP;,V
r
14
60c
370
*54%';
33-,.. May
25 > Aug
9% Feb
,
".
Hay
24 \*Mar
,
1.90
Hancock Oil
A
270
•—
Jun
-
;
Jun
tan
\9d
2.00
Motors
Co
"
»
.' ' 50
& Radio—12
class A
1
•
.: ^,
14
—
Television
July
Feb
c
;
34% Jan
22% Feb
.
"
:
290
4,700
10
284
30
97%
26
*
"~''i
w
a85«89%
25
26;
—
15
63
:
>rfi
14%
51% Feb
1
40
Aug
40
25
9% Apr
7% Jun
70% May
45
July
165
19
■
,:
110
230
326
.„
16
t
_
20'
—
Electrical Products Corp.—
4
Exeter Oil Co, Ltd class A—
1
Farmers & Merchants Nat'l Bank—100
'
79% Jan
300
y
.
19%
common,
20% Mar
227
41 • ian
27% Aug
22% July
6% Jan
109% Aug
16
47%
40%
25
27%
22%
6%
6%
108% l09%
;
48
Jan
31% Feb
"
Jan
6
Fen
19%
Dresser Industries
i
29% May
;
Iron
preferred—
Douglas Aircraft Company
27% Am,
13-. July
29% Jan
27ya
22%
—•
6%
6%
y 5%Mar
2,389
.10
a39V«a39%
22%
1
r
—
,
Jun
May
"'
1 '<*
557
-
59- 60%
,f.^
&
S%
41
Jun
1.75 Aug
„
3% Aug
1,541
9,372
*34% a34%
»39%
60c
500
•
Apr
May
19%
1
Feb
53 %
Feb1 ;
9y«
HUP*
U 6% Jan
3% May
35
Oonaolidated 8teel
Corp——42%
Creameries of America, Inc-i—
^12%
Jan
v
Fuel
.5%
Feb
17y4
-:
3%
8%
5%
—
8%
v
100
.
Company—4—
Corp
Colorado
Jun
Aug
v
Jan
Aircraft
Corp common,—£—10
General Paint Corp common;.,,
"|.
Goodyear Tire & Rubber Co com
—■»
-.
3%
1.10
1
1
Califofhla packing. Corp common—*.
.
Aug
:
35% Aug
-
Consolidated
Corp
512
.
8ft%.
20%\ "z9%
•
1.55
50
5,850
597/a
Diamond
Chrysler
-4% July -'
-
..-50-
.601
Broadway Dept Storea Inc common—•
Byron Jackson Co———
35 y4
" 23y» Mar
55-;
136
29-
':37%; 37%
-a74y4 a74%
a24% a24%
-
50
-
Apr
Apr
::54
Mat
a36%
1.10
m/.
,
32%
v
200
—
t
•51
Aug
10% Aug
■
40
50
a37
a38y4
56%: 58
(Un)—,—,*
Publishing
5
27%- 27 %
•Van Dorn'Iron Works'-'x—w—\
Youngstown Sheet &
-
Bolia
109%
13
,
400
a36
a37 <
ai3%.al3%:
:
-Standard Oil of Ohio common——10
U
5
Jun
60
Mar
40
—-
267
: -a26%.a26%
V—
»
50
Radio Corp of Amer (Un),^i«—
• •
Republic
;M,,; »" ■ •'
Bros
'
Feb
43y* May
26
630
,,
52
a38Vaa38yrf :
•
•
200
121/®
52
—
—♦
Pennsylvania RR (Un
10%
—
*
ifi
1
Blue
39
53
W.vb
—
.
163
14%
14
Patterson Sargeht
Richman
45%" 49
i
192
-
Beikey & Gay Furniture Co„—
32% May
Jan:
T
'
33
Barnhart-Morrow
Feb
Range Sine# January 1
Jd Low
High
a36v%
—
'.
,*
88 Ms
Jan
31
^
a48 Vo a50%
?
;
Trans—.
Sessions^—
National : Acme'
*
33
Lime
Portland
Medusa
_J_——;
Corp. common,*.—^—
LOW
3%
.
Share*
550
■
77
>Feb
105%
4
1
Bros
Sales
for Week
>
4
—
Jan
56 y4
Jan
Jan
-
Barker
I
Weck'a
Range
of Prices
Par
Co
15% May
30%
80
.1
.
Apr
22 y* Jan
25
58%*
Bale Price
'
52
36% jan
68
1
>.
80%
> Jan
58%
26
110
58ya
—
•
105
■
28
T
35Va>35ya
*
10% Jafi
•■63% Aug>
55
27
Jan
83%
11
Friday
Last5
>
Feb
23 ya
Angeles Stock Exchange
■:;'-
•
May
9%
Jan
45
15
189
a68% a70ya
Los
Banditti Petroleum
66
150
-
* •1
•>
Street—*1X35 ANGELES 14—TRinity 4121
STOCKS
-
,
37
■>'
a78% a80
Greats Lakes
i
a51%-a51%
1
■_*.
+.
'
'.
60
14% Aug •
140
■
J
SCHWABACHER & CO., SAN FRANCISCO
Feb
91
May
104V* July
77
May
34% Feb
-42% Jan*
6% Aug
180
"
a46
8% July
122
6%
a46
^
*
common
Stores——
(M A)
Jan
a63% a657/a
—
*
i—L
F) cdmmoii
Goodyear'Tire & Rubber
Hanna
57%
aM% al5%
'
—
—
10
(B
Gray7, Drug
Feb
12
12
Jan
96
a70%a71%
—
•
—J
corix
72
403
v..
■
tUn)-
Motors
Goodrich
com
(Un)— 1——
General Electric
10
6%
:J-r~
Gabriel
180% Aug
50
—al4% al§%
tiU
Firestone Tire & Rubber
296
a8%
28%
Direct Private Wires to
25% May
200 Va Jun
16% Mar
a53% a55y8
—•
FACILITIES
listed—Unlisted Issues
Jan
150
27%
—
1
-110 West 7th
Jun
8y4
a66% a66%
—
Detroit
9Vi
Aug
5
19%
a8%
101%
AND BROKERAGE
High
6% July
50
a89% a89%
101% 102%
—
—•
Low
-
200
al96%
al81
„
__
Brewing Corp of America—
/;
ALLEN & CO.. NEW YORK
Range Since January 1
>
6%
a5
18%
19 %
Basic Refractories
Cleveland
6%
a5
—
*
for Week
Shares
High
Low
50c
"
Exchange
Week's
Last
Akron Brass Manufacturing
Alleghany Corp (Un)„,
*
'
Member los Angeles Stock Exchange
1
«'•
V./'v
,<•
OTHER STOCK EXCHANGES
STOCKS
'i
■
r4.Mf*l A
V,>-
'
(.r.XV'ov'v ■-
.i-x...
*•* ?..**>>**r
-
1
.
-
,
?
Jbtt
Jj?
50 Mky.
10/rJun
,
■
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, August 26, 1946
OTHER STOCK EXCHANGES
FOR WEEK ENDING AUGUST 33
RANGE
Friday
.
low
——
-10c
Lincoln
Petroleum
1
Lockheed Aircraft Corp..———.
Los
Angeles Investment Co
Manufacturing Co
Pictures
Nordon
Corporation,
Occidental
Petroleum
Oil
Oceanic
Corp
Gas
1st preferred
1st preferred
common— I
Oil Company-
Republic Petroleum Co
1
•
Roebuck
Sears
inc
Stores,
Safeway
Security Company
.
,
/
■
8%
43%
41%
43%
1,146
>~
58
58
18
12c
12c
12c
4,000
1.30
1.20
1.35
5,750
18
18%
36%
686
••••*'25
•
Oil
Sinclair
Corp
__
1
\>,—
a23
a23
25
37%
37%
37%
6%
25
preferred class B-——
25
preferred class C
So Calif- Gas Co 6 % preferred—. —25
31%
J31%
31%
f>%%
30%
"30%
30%
a41%a4l%
H 441% a41%
40
,
„_25
,6% preferred "A"——
Pacific Company
»
•
Oil Co of Calif
.
Oil Corp
Sunray
Inc
Textron
>
1
*—
Corporation—
1
a
Transcon & Western Air Inc
Oil
union
—
Van de Kamp's
Bakers Inc.
18
4
—
—
63%
66
58%
58%
25%
1,062
23% Feb
1,160
21
16%
16%
Jan
14% Jun
-10
common
—
<te
Salt
Bun
Light
A
Imperial
Development Co
Co—
Corp
Rad
&
iis*.'
120
35
*22
,
' ,57.;
■ °300 v
'
;
r62%062%C
Mar
30
35
35
a21%
*21%
&
Atch T & 8 F Ry Co———
Aviation Corporation
—-.
;
20% July
62yic Jun'
Corp..—-—-.
Bethlehem Steel Corp..———.
Boeing Airplane Company
Borden Company
Canadian; Pacific Railway
I
J
__5
Co
Service
Columbia
Commercial
Commonwealth
& Southern
Corp..
Oil Co
Continental
(Del)
—
Bond
Power
&
Foods
Goodrich
Loews
—5
Nickel Co
of
Canada.
Montgomery Ward Sc Co, Inc.
New
York. Central RR_
4%y: 4%
45
2%
200
a44% a44%
7%
a20%
31
30%
&21
150
Jan
7% Apr
60
19%
Feb
24
120
21
Feb
45
45
501
45
a51% a52%
40
a77% a81%
111
9%
310
a57% a58%
75
9%
a
15%
Aug
50% Feb
new
common.
60
36
60
345
Aug
21% Aug
50% Jan
al2%
al2% al2%
.105
11% Jan
a
*
—
—'
a32% a34%
—
a48% a48%
81
—
—a22 %
«
55
81
26%
Jan
71% July
22% July
175
12% July
135
8%
.«•
Lone
Star
National
/
—
a35% a36V4
m:
Pitts
Oil
Pure
Radio
♦
Incorporated
—*
Co——
40
Corp of America
—•
1Z
—
35%
•> 36% Aug
37%
_
Feb
Oil
Company of Del—
3ocony-Vacuum Oil Co
Standard Brands, Inc
.—1•
Gas
-15
—
—.*•>.
Co
(Ind)
-25
Standard Oil Co
(N J)
—25
Standard
Oil
Feb
13
Studebaker Corp
.-—25
Inc..
Company
—25
Co
Texas
Texas Gulf
Aug
t Jan
fe.*
Pacific
&
Carbon Corp.
Railroad
Lines
United
Air
United
Co—
n
S
8
Inc
Corporation—
Corporation 'Del.)
Rubber
Steel
Western
Tel
Co
Woolworth
For
—
•
•
A—
Motors
Company
footnote see
(F
;
"
—
Inc..-
1
—
W)__.
10
;
a53%
4%
4%
;>
Feb
29%
v
3ay8
30%
11%
Feb
13
July
11%
11%
12%
808
9%
Jan
14
Jan
2%
Jan
29
29
30%
30%
30%
17%
17%
20
9%
9%
48
7% Mar
27%
27%
50
22% Mar
9% Aug
34% May
22
9%
*
:
; >
>
•
.>
al7% al7%'^>,
a52%a53%>>
Feb
13%
20%
Feb
Jan
19%
19%
100
15%
Jan
17%
17%
17%
2,502
10%
Jan
9%
9%
472
10
July
17% Aug
6% Jan
13%
Screw
&
Bolt
*
4% Jan
6%
5
1% Aug
38% Aug
48%
—10
Jun
1
-
20c
Jan
14% Feb
2% Feb
1% May
———1
Feb
3% Jan
9% July
*
Corp
Mining
26
Apr
29
May
51%
July
60c
24%
17% Aug
32%.Mar
29% Aug
Jan
Feb
41%
Jun
39%
Jan
Edward D. Jones & Co.
Feb
Established 1871
53 y2 May
77 y2 May
15%
42
North 4th Sk, SL
300
Apr
37% Apr
: Mar>
Members
St. Louis Stock Exchange
Jan
Ohloago Stock Exch.
May
New York
31% Feb
Chicago Board of Trade
1
Curb Exchange Associate
60
Apr
15% Apr
40% Apr
51
St. Louis Stock
Feb
99% May
35%
16%
STOCKS
Friday
•
■
Jan
36% July
47>
Feb
farInv
Brown
Shoe
common——
18% Jan
General-Shoe
■——15
'
common————X.4
common-
Brew
—
May
18% Jun
International
Warrants
52% May
49% May
Johansen
Shoe
Shoe
Laclede Gas
*•.
Scruggs-V-B Inc 1st
51%
Jan
Jun
80% Feb
429
36%
7%
2nd
July
51%
Feb
30% Aug
18
July
39 y8
Jan
I
Jan
26%
53
Feb
60% May
Alum
41
50
M
.
225
.
44%
44%
10
100
60c
60c
420
8%
63
300
480
144
8
60 Va
16%
17%
7%
61
7%
_
Unlisted-^-
10
.——IB
7%
High
15% July
10
Aug
Mar
8
35
Jan
Mar > > 45.
Jun
21 '/a Aug. >>
24>: July
30y2 July
/
85%. Feb19"% Aug
27% Jan
21% Apr
26% Aug
36% Aug
41% Jun
50
Mar '
68
Feb
22% Mar
31% Jun
41
Aug
52% Jan
43% Jan
50 > Jan
60c
Aug
65c Aug
5
Jan
9% July
20
Feb
63
Aug
15
Mar
27
Jun
.
,
.
.
common
North
American
>
—
108
—
9y« Jan
6% Jan
80
285
32
25% Mar
'225
3
106
5
27
27
53
44
r
108
106
—
.
'
605
32% 32%
24% 25
145
145
33
33%
'
27
150
53
56
625
44%
45%
235
24Va Jan
Apr
140
19
105
106
18%
Mar
Jan
Aug
Jan
^
35% Jun
30% Jun
.
152
35
108
108
May
Jun
Aug
Aug
31
Jun
32
Jan
42% Mar
59% May
July
48% Jun
73/4 July
49% May
•
conimon———
General
Motors
—
—
._1
General Electric
,-P
,
—100
common.
Wagner Electric common,....
76% May
96% Feb
34
;
——
Jan
8tix, Baer & Fuller common—
;>
,
preferred
Sterling
-
>
31%
41
75
57
—
pfd--——^-^-100'
Jan
-
i
343
26%
160.
36y«
common———10
Apr
66
\
32 >
20%
57
—
Light common.————4
Mc-Quay-Norrls
160 y4
12
22
11
450
'
90>
.218?>
'23 •;
July
Aug
■
31%
1
common
102
10
40y$
26
,
—
>
Knapp Monarch common
—*
Laclede-Christy Clay Prod com,.—5
1
Jan
13%
—
.
*>
common
—————
—
13
10
39%
21%
31%
30%
Rice-Stix Dry Goods 1st pfd.
100
8t Louis Pub Serv A common——1
4% Jan
Range Sines Isnsary 1
'^oh^:ry-:^ r-i[;-'low
—•
5 '>
Mo Portland Cement com——J25
Aug
Shares
—
—*
common.
Jun
> 28
for Week
of Prices
19%
^
——1
Hydraulic Pressed Brick preferred—100
35
76% May
?
..
common————I
Grlesedieck-West
'July
July
>—
'Burkart Mfgcom • hew.—1 -' i
A**
Coca-Cola Bottling common——!
>>.»
i>
;
Brewing
41
13%
-1.
common.
Falstaff
38
>
-l(no-
Bank-Bldg Equlpt common—'——3
28% May
67
Range
•
Electric
23
Bales
Week's
•••*•>•/LastSalePrloe
'
46% May
40
Exchange
■
Jan
Apr
60
Phone
CEntral 7600
Teletype SL IM
Stock Exchange
.New York
Aug
160% Apr
37»/4 July
Louis 2, Missouri
Jan
60%
167
July
34
19%
24
25
Jun
29
25% Mar
•
119%
50
5
24% Mar
233
10
Mar
,.y 130
-
490
'225
10
Supply
yy50%
80
>,
'
4%
4%
.19% Feb
100% Feb
50
-
a85y4 a90%
a33% a33%
160
10
99
a70% a70%
"
12%
85
: >
a40%a41%
>
38
65% Feb
yi8% Feb
67 ;'67i-j 288 ;/y:53
a52% a527/a>;
:
a87
V
30%
1117
35
>a27% a27% "
—
47% Jan
21^125
al49% al49%
—
.12y2
page
.
a41%
5
15% Mar
11
^/224
a20
al05% all0%
—
•
Corp
Westinghouse Elec & Mfg Co—
Willys-Overland
—100
10
Company
Union
ftl05%
10
Aircraft
.
a23%> a23%a23%
—.10
U
■
Feb
828
>y
:
a46
-
30
29%V31%
38-615
37% 37% y y 4x150 y
:
67
Sulphur Company-
Tide Water Assoc Oil
United
al9.%
:
UDk\u Carbide
Union
:
17%
a76% mV*-**
37%
' : ■
30
a45
: a45%
w-
.
*77%
.
Swift &
Webster
&
.
a44%
.i—_al9%
-1;
30%
Stone
17%
-
*—
Feb
12 %
1
;
-
Fuel
Emerson
31
•
320
a32%a33%
—
31
10
Huttig S & D commonSeaboard
Apr
Jan
St Louis Listed and Unlisted Securities
f
20%
726
'
7%
22%
1
Fireproofing Corp
Apr
12% Feb
185
IZVi
35%
—
•
Steel Corp.
Republic
High
5% Aug
20
140
12% Feb
8% Aug,'
35 ^ July
95
a27
Corp
29% July
240
a25%
—
Low
5%
27
Standard Steel Springs
1
Westinghouse Air Brake
•
Westinghouse Electric Corp com—12%
19% Feb
a59%a61%'
a59%
Range Sines January 1
25
5
36% May
41 y4 \4iy4'
Shares
High
5%
—
10
Renner Co
San Toy
31% Mar
Xi jr ;; 65
v.
227
:;k36 a37%
-25i>
Commercial
Pittsburgh Brewing common
Pittsburgh Oil & Gas_.
Pittsburgh Plate Glass
54% May
967
-
•
*
Pitt Brewing
Harbison Walker Refractories
Mountain
Sales
for Week
33% Mar
190
8%
Electric
&
Fort
Feb
122
.
.
26%
8%
—
Jan
47
672
a32% a33% >
.
33%
10
"
a22 % a23 % '•..
13%
13% t-
—
—
,,
,
47 % Mar
*
Follansbee Steel
30% Apr
20%
Jan
22% a23%
.—1/
Aug
*
Duquesne Brewing
.50% Apr
13%
50
a35%a36%
Pennsylvania Railroad Co
Pullman
Week's
Range
of Prices
Low
common—*
Candy
60% May
a53% a55%
—
Co
Devonian Oil
38% Jan
112%
L)
Continental
Feb
77% May
9% Aug
59% Apr
W.
——
-18
14%
Gas
Co
Gas
American
Phelps Dodge Corp
Jan
56% July
30% Apr
Jan
24
al5%
—•
Feb
(D
—
36
7%
—
Company—-.——4--
Paramount Pictures
Jan
Jan
23% Aug
15% July
60
a33% a33%
a8iy8
61
18% May
119% Jun
Mar
—
.—1
Motor Car Co——
4% Feb
31% Feb
557
—
-10
>ackard
National
Columbia
Feb
20
980
24%
...•
Aviation Inc—
Oil
248
23%
—
American Co——————
Ohio
70
a 14% a 15%
—
Aug
Jan
—
—
198
Clark
Feb
Feb
10%
a34% a35%
—
23
17% July
.—7
Ino———4——.
7%
33% Jan
"73% Mar
—•
Tel Corp—
McKesson & Bobbins inc.——
North
26%
315
a25 a26%
—
—1
Copper Corp..
North American
201
12%
—
*
preferred—
Libby, McNeill ds Llbby
,
32%
—
—
—*
Oorp_—————
International Tel &
Kennecott
40
32%
—
—*
Great Northern Ry Co
International
100
:
Corp
Iron
52% Jan
705
ypilw
'
5% May
Jan
>1.05? Feb
—.
12
—*
(B
Interlake
&
Feb
Jan
18%
18
|r—
.—5
Light Corp
F) Co——
jraham-Paige Motors Corp
>
33
Jan
a71% a71%
-
General Electric Co
General
98
a47% a47'/a
—1
& Share Co
Electric
Electric
45% Aug
30
5
Zellerbach Corp
Curtiss-Wright Corp
Crown
22%
150
a49% a49%
—1
l'v
Continental Motors Corp
220
207
75
—1
Aircraft Corp
Cons Vultee
30% Mar
160
.25
Commonwealth Edison Co—4
9% Jan
45%
27%
&52 > a52
.10 V
—•
Corp.*
Jan
109
15
a25% a28%
y/n
,
Solvents
20
125
a49%
•
Co..—————
& Electric Corp—.
Gas
a 108%
.25
Caterpillar Tractor Co
Cities
Jan
a52
.25
Co
—
Jan
12%
a28%
>
—5
Corp
Borg-Warner
Case
......
43%
315
all2%
45%
allO%
Feb
1,150
a9%
27%
45%
—•
186 V*
45
a30% a30%
—
-15
.
—,,
a9%
—
17% Aug
958
all0% all2%
—
.—5
755
14%
/
14%
all0%
5
Co
Oil
Aviation
Bendix
44 %
—
—3
18%
al82% al97%
14%
..13
Barnsdall
;
al87 %
.100
Baldwin locomotive Works vto—«
17%
—
5
Jan
Jan
23%
Par
_50.
Copper Mining Co
Co (HI)
Anaconda
Armour
69 V* Aug
Jan
47%
Last
.100
Jun
July
78% Jun
4
—
Sale Price
_•
1_
12%
" 60
,
27Y2 Apr
17% Feb
35 % Mar
Arkansas
American Tel & Tel Co
33% Feb
«
Jan
1
—.
San Corp
July
3%
-
Corp common
preferred
Blaw-Knox
Stan
33% May
52
common
United Gas Improvement
Westmoreland Coal
Unlisted Stocks—
Amer
30% May
121% May
46 % Jan
,
pkjfticipating
Invest
United
Gold Mining
Zenda
Jan
.Aug
64% Feb
Company.—-
Mng
.
47% Feb
49% July
7% Mar
52%
Company—
Gold
24
Feb
24
Corp__—
1% Aug
9% Jan
27 %
27% Feb
117% July
common
Preferred
$3
"
Feb
27%
May
17
Jan
12% Jan
.
Jun
40%
Tacony-Palmyra Bridge—
Class
70
17% Jan
22
Aug
35% Aug
—
Transit
Feb
July
21%
common
Oil
Paper
Oil
Jan
30% Aug
Co
Dome
Apr
Jun
80%
Aug
9% Mar
1% Aug
7% Aug
preferred
Reading
26%
55%
10
Corp
Scott
May
26% Jan
Aug
Aug
40%
Light
Friday
Mines
Gold
Cardinal
5
distributed
4.4%
121
26% Jun
140% Jan
:
63%
1,718
Salt Manufacturing
Philco
.
13
Mining StocksCalumet
15
^
&
Jan
Feb
22% July
47% Aug
28% May
24%
Power
Power
Penna
---
24
—
1
64%
—5
Brothers
307
Philadelphia Electric Co common.
$1 preference common
21% May
--
331
When
25% July
25%
—•
,,
16% Feb
1,546
a48%a48%
Cement pfd-'-. -.10
Portland
Yosemite
17%
18% Mar
100
24
1st Pfd—.—
Fix
Western Air Lines Inc—————.
'
Mar
25%
>
10
(H D)
&
Shwcse
Weber
59
a21% a22%
17%
Feb
1,167
50 Ve
Pennsylvania RR
39% July
32%, Feb
31% Jan
42
.Jan
42% Jun
69% Jun
59% Aug
14
May
Mar
Mar
J ''364':'v; 55% Mar
l]021 i^ -42% Feb
1,350
7% Feb
10%
:
Caliiornia——— ,»20
Of
Universal Cons Oil Co
10 %
*
33% Feb
'30%
29%
41%
^. 40%
15%
24%
Light
Pennroad Corp
26% July
'
882
-
63%
a22%
5
rransamerica
563%
% 158%
10%
.50c
—.
—
—
•
Southern
Standard
—
1,070
.'
24%
47'%
<Se
37%
38%
109% Aug
Ex-distribution
20% Jan
Feb
15
•
49%
Power
Jun
Jan
16% Aug
370
3%
National
Feb
Jun
1.80 July
Mar
Feb
391
—•
Penna
21*
125
Company——.
Southern Calif Edison Co Ltd com.
„
230
16% 17%
109% 116%
28
42% May
200%
28% July
83% Jan
Lehigh Coal & Navigation
Lehigh Valley RR
May
Apr
~ 17%
>• 19c
862
Aircraft
Jan
53% Jan
8c
Jun
76
110% 110%
—
111%
—•15%
common
42,
30%
Gimbel
20% May
34%
49'%
65
16c
Co
30 y4
29%
-17
High
27% Jan
181% Aug
Storage Battery
Genera! Motors———4.
Delaware
May
14y* Feb
-50
low
477
1,994
30 y4
.—8
—
Range Since January 1
38 %
>
—
———
Electric
May
25% Feb
....
Corp pfd_
:
Curtis Pub
Jun
July.
July
Aug
35
18
Securities
Co-
Shares
High,
36%
»
—13
.
181'/a 197%
186%
_5c
Works v t 0.
Chrysler Corp
Jtth
390
17% ;,
25c
Solar
Jan
52%'cMar
Signal Petroleum Co Calif.—, :;»!
——.
Bankers
Budd
36%
.100
-4———
Baldwin Locomotive
Jan
417
45%
45%
40%
65
11%
1.20
Jan
Jan
Feb
Apr
59-C; Feb
806
•
Sierra Trading Corp——.,
.
Autocar Company
2.70 Feb
1.25 Apr
13
41
42%
>39 :;^
500
30
——
Mar
Tel ft Tel———
American
low
-
———*
Sales:
for Week
•
-
of Prices
Far
American Stores
Jan
37c
75o
Week's
Range
Last
Sale Frice
97%c July
.10% Apr
Feb
Aug
a29% a30%
a29%
—
Co
&
■—,Y
common-—-y- ——•'>>
Oil, Corp
Friday
Feb
Jum
>
Jan
Jun
;
Jan
226% Aug
8% Jan
Apr
45c
51
160
205
—
1
Richfield
40
390
-
1.55
42o
20%
2.30
42%
.
4,600
—
25
Corp common- >—•
Rico Ranch
1.70
44% 44%
a45% a45%
40% 40%
1»
65
65
9%
9%
-V 80c i
80c
90c
25
_
—-J.-—
5Yz%
Pacific Lighting
1.55
Jan
July
17o
300
^
va
common——
65c
1.65
1
common- ->.10
Corp
Eiec
<te
23c
62%o
65c
v
200
4%
37c
7%
3,900
200
9,100
75c
7%
al4% al4%
y
;>
Finance
Pacific
65c
7%
71%
1
•,
—„—
Co
Pacific
6%
I
Ltd
1.15 Feb
27% July
16
2,425
4%
20c
Petroleum
Monogram
385
4%
75c
1
Company*~*".l
Corp
Merchants
5,694
32
20o
Feb
17% Feb
150
2.10
226% 226%
—
4%
1
—
19%
31%
—
100
.
Menasco
2,800
2.00
2.05
..100
Co
105 Jan
4,400
l
33c
19%
X
Wells Co————
Lane
High
low
US
25c
—.
Philadelphia Stock Exchange
Range Since January 1
High
1.05
1.05
Xntercoast Petroleum Corp———. «10e
for Week
Shares
Range
of Prices
Far
Jade' Oil Co—
Sales
Week'*
>
Lsst
Sale Fries
.•
"—10
25
45%
64%
—
45%
250
66
33
^
.>• "•.
45
409
46
63%
33
63 V2 Aug
31% July
50
33% July
CANADIAN
■>&
RANGE
1113
CHRONICLE
[THE COMMERCIAL" & FINANCIAL"
Number 4519
[Volume 164
MARKETS
LISTED
FOR WEEK ENDING AUGUST S3
■,
STOCKS
.-'.Friday.:;
...
.
Las?
Low
Agnew-Surpass
Aluminium
Shoe
Corp
4%%
&
Co
British
Columbia
Power
Corp A__
.-iL.'
Building Products <*!«»>* A..:
30%
3%
30%
3%
Northern
Power
Cable
Wire &
17
24
2,707
149
150
669
Jan
972 Mar
17% July
22%
53
1%
9772
Bronze
27%
29
5,827
50
50
55
common
Canadian Car & Foundry common
Class A
Canadian Celanese common
7%
preferred
Rights
Canadian
Cottons
Canadian
78
41%
41%
Ind Alcohol common
B
Canadian Locomotive
Weston
July
78
Aug
4472 May
23% July
40 ;
230
23
23
Jan
25
16
Mar
31%
80
2872
35
110
32
19%
21
240
1672
157
Apr
130
1372
Feb
29 %
3,370
17
18%
18%
July
28
2,775
Class
.*
Dominion
Coal
preferred
Dairies
Dominion
•
'■ ■' ——
——
"
5%
151
Preferred
_——
19
32
Class
•
33%
16
30
*
1872
175
137a Mar
10%
75
18
18%
26%
26%
26%
27%
26
26
457a
July
18'A
27
23
5%
4,196
1272 Mar
21% Jan
1,060
2374
Feb
32%
24%
Jun
26
300
90
Jan
120
22
107%
184
184
105
105
105%
165
1072
_
184
Jan
July
Jun
107
Aug
22
July
24
..•
13
Feb
16%
20%
350
30
30
9
197a
Apr
1672 Mar
22
25
27
Mar
35
Jan
75
9
Mar
13%
15
Mar
227a July
34
Feb
21%
1,240
29%
18%
29%
25
18%
110
28%
Jan
May
4%
105
105
25
106
Feb
774
July
Apr
Feb
Aug
537a July
8% Mar
$2
preferred
Hudson Bay
24%
695
14
9%
450
874 July
307a Mar
Acme
527a July
3774 Jan
50
53%
53 3A
225
42%
41%
43
820
14
137a
34%
•
common——*—100
Coal
International Bronze
Mar
1874 Jun
Mar
Preferred
28%
International Paper common
28%
39
40
48
International
Utilities
•
■.
vc
:
V
■
Auto
Works
.
143/a
14%
621
14% Aug
27%
28%
880
25
28%
•>
Electric
&
Brewers
Bright
& Co
River
For
18%
30
23% Man
26
16%
16
1674 Aug
Class
B
Brown
footnote
see
Preferred
Apr
20
Jan
25% July
for Week
Shares
Range Since Jansary 1
127»
67a
High
Low
11
6
235
175
„
12
Jun
127» Aug
9% July
1274 Aug
125
>
6% Aug
6%f Aug
4,585
.
50
18%
Feb
2072
Apr
137a
25
137a July
167a
Apr
147a
75
13
167a May
20
%
2074
12% Jan ;
25% Mar
28%
105
15
Aug
17%
10%
15
10
July
11
674
3,700
8
84
350
47a July
77
July
[1074
30
p
10
40
.
22%;
12311
402
25
15%
15%
75
157a
287a
2874
28%
60
25
227a
10 f
St Dock Co Ltd
*
22%
23%
4%
4%
35
Canadian Marconi Company^——1
Canadian Power & Paper Inv com—•
27/a
3
2,415
.2%
2%
2%
125
13
13
14
25
Products A com
Canadian Vickers 7% pfd_
Canadian Western Lumber Co
Canadian Westinghouse
Co Ltd
Silk
Canadian
Products Ltd
Food
Catelli
Jan
1.75
47«
187a
31
July
174 A
Jun
31
.100
30
35
98
Jan
75
53
Aug
62
Feb
50
16
Mar
23
Acg
40c
Mar
90c
23
Matf'1
Jan
Aug
Jan
50c
572
'50c
v
1,100
—5
A_*
75c
75c
100
——.—.—2.56
Consolidated Paper Corp Ltd—
•
19
19
7
46
Sec
class
87a Feb '
Feb
July
1.50 Jan
Jan
19%
' 30
177a
1772
——
Donnacona Paper Co
•
Ltd
20%
15% Feb
16,647
647a May
44% Mar
30
4872
48%
—
Corp—.L._—i—>
Square
Dominion' Woollens
19
80 '
Man
85
Steel
Eastern
14%
Jan
24%.
901
1674
Jan
29%
225
2772
Jan
33
Apr
Fed Grain Co class "A"
1,010
29%
Feb
377a
Jun
Fleet
15
Jun
237a
27%
37
13%
207a
20
20%
197a
20%.
50
50
1272 July
18% Jun
105
2,045
1972 July
2,440
47
30
51
51%*
418
26
27
730
30
30
55
54%
55%
33%
-3474
Jan
July
21
Apr
2674 May
v
25% Feb
22
May
44
Feb
52
Jun
24
Jan
3074
Apr
24% Mar
31
33%
Aug
73
Jan
807a Jan
——100
180
180
180
CO
•
-.-a1:
:
vcV:
co
80
80
102
102
710
35
Apr
175
13
860
55
10
Jan
Jun
1
50
102
Jan
Feb
31
—
1117
34%
13%
31
20
30
Jan
347a
35
370
30
Jan
13%
14
275
„
•
•
Ford Motor Co of Canada class A-—*
For
Aircraft
Pow
Fraser
Sec
:
4
43
5
38%
Jan
30
30
10*
19 7a
Jan
17%
17%
1374
Jan
Jun
30
July
197a Jun
17
187a
4,230
14% Mar
.20% Apr
12%
180
1174 Mar
14%; Feb
43
,
red pfd—....
6 %
Companies
100
•
24%
250:
——————
Halifax
13
July
182
Insurance
May
103% Apr
34%
36
17%
(Can)
Ltd A
*
*
9%
10%
974
24%
24%
"12
12
64
,45
,
Power & Paper Co
MacLaren
Maple Leaf Milling Co Ltd com
Massey-Harris Co Ltd 5%
pfd
10% Aug
Jan
974 Aug
327a
12
Aug
177a Feb
53
Feb
50
245
21
281
21
325
24
20
20
10
14
14
' 14
50
13%
137a
137a
115
200
81
82'/a
137/a
3,210
13%
13%
110
41%
*
427a
*
100
1474
1474
427a
14%
29%
297a
29%
665
May
21
July
30
75
Aug
30
64%
21
Jan
July
24
29
.;!...
Feb
Jan
572
1,652
13
.
574 Jan
6
64%
81
Lake St John P & P.—
Alfred
Inc
Apr
Jan
490
374 July
64%
Lambert
Lowney Co Ltd........,....
,,
1,875
1,500
61
Co——————10
Paints
Foundation Ltd common
47a -
Jun
8% Feb
83
Inv
3%
.
63%
General Products Mfg.—
Great Lakes Paper common——~-——*
Preferred-.'
1274
8%
10
Ltd
May
64
1,917
V
Falrchild Aircraft Ltd
527a May
J
20
12%
Products Ltd——^——*l
75
2,260
Apr
Apr
20
23
15%
—
Dominion Engineering Works Ltd—..*
Dom Oilcloth & Linoleum Co. Ltd--—*
Dominion
75c
Jan
Jan
6%
4% Mar
50 :
57a
200
Diversified
Feb
3.80
2% July
2,650
53
774
Preferred
Jan
37a
23
50c
com—.*
•
Preferred
Apr
37a
774
Consolidated
Feb,
578 Jan
53
37a
2
*
com—....*
Neon General Advert
July
9
July
July
31
*
100
May,
25
2% July
12
Apr
36
,
•47* July.,
160 16072
—*
pfd
1974
Apr
227a Aug
1,095
Trust com.*
Canadn International Inv
Aug
113% May
Jan
».Jan
Feb
293A
64
56% Apr
109
Apr
•
22% Aug
64
111
Jun
11% May
■:•■
■■
'
64
11074
Canadian Industries common
5%
'
:
Jan
July
Apr
104
:■ 8Va Mar
:'.
* ;« 23 V*
*
1% pfd—10G
,'p —
—
*
Power
Aug
2074
901
15
I 83
-
ev£,„.1074
Sugar#
Ltd
Canadian Dredge
Jan
287a
'
Northern
Canada
Apr
8
Mar
5
1,475
5%
6
—100
—a.
;
,
18
37
20
——100•
—•
July
10 %
1
Hosiery
Butterfly
International
*
page
39%
24
15
—
—-—
Company common
80
13%
•
of Canada———*
50
25
Vv
Co—
Jan
287»
287a
Columbia
17%
24-
•
v
pfd
33%
2074
Ltd, TG com
*
Co Ltd
——*
Packers A pfd
*
*
British American Oil
80
17%
...
Page-Hersey Tubes—
Powell
Power Corp
Apr
24 r
27
Rwys
Ottawa L H & Power
Jan
60
16
f
«
Aircraf ti—*
Car
Ottawa
.
Jan
25:
—•
————u—
Ottawa
Feb
Apr
27%
84
24
.Ogllvle Flour Mills common———.*
®aa- : Preferred.
Apr
15
p.
14%
Commercial Alcohols Ltd common
May
18% May
51%
A',;;.
27%
High
19%
—*
Distill of Vancouver Ltd—5
Ltd
Claude
47
.......40
...
Wire
*♦
Jan
13%
20
Belgium Glove
pfd
Brandram-Henderson
Aug
105
100
common
Weaving
oaNoranda Mines Ltd...
.
Jan
21%
of Prices
5%
6
Co. Ltd B—*
Power St Paper
Bathurst
Apr
57
Steel Car Corp.
ulNiagara
^an
19%
1,157
6%
59
55
aNatlonal Breweries
tuNational
16%
245
1274
Class B
110
Aug
55
27%
Telegraph
110
124% Mar
120
37
Montreal Light Heat & Power Cons
Montreal
1
140
BreweriesL.
Montreal -Locomotive
22% Feb
50
2,170
20
Feb
16% July
Mitchell (Robert)
Cottons
May
11674 Mar
•
Montreal
40
47
12072 Mar
pfd.L.iOO
:
MrColl-Frontenac Oil
Molson's
Jan
■'
;■
Structural Steel
Massey-Harris
Jan
33
6,395
,
297a Aug
Jan
35% July
43% Mar
105
1,305
513A
110
1772
347a Mar
May
10
16
MacKinnon
38% Aug
75
i&k
1" :■■r
July
936
,r
V. C
Feb
8% May
17 % *
28%
J'S
Jan
15%
17
120
Lewis. Brothers
<
,,
126% 126%
———5
Corp
17%
Jan
•
;
■
May
17%
;
(John) ;■■■■ ■■■ - ■- ■■■■•'/
-;*■
Lang & Sons Ltd (John A):_
Legare preferred ——.
....—25
Labatt
Apr
•
(called)
common
110
•
27
565
37%
50
15
Petroleum Co Ltd
International Power
30
5
29
36
preferred v..i—*
conv preferred......
100
preferred
77a
230
29
40
$4.00
International
1,060
200
35
36%
——.25
,
34%
29
•
common.,
Feb
30
Feb
53% Aug
137a July
13% Jan
2,763
,
8%
12%
•
International Nickel of Canada com—*
5%
14%:
83/a
Industrial Acceptance Corp com
5%
14
14%
£1
Intercolonial
540
33
53%
...
Preferred
29
277a July
10
10
Glove Works
Fabric Products class A_.
May
38
33
Imperial Oil Ltd
—>
Imperial Tobacco of Canada common-5
•
27% May
15
Low
Par
Canada Malting Co Ltd
17 %
33
50
*
100
Range
Last
Canada & Dominion
1672
16%
9
—
27%
277a
"-Week's' vSales
Friday
Bale Price
13
5
9
Mining & Smelting
May
Canadian Fonda
557a Aug
47
—•
.
45
Montreal Curb Market
,
109
105
55%
11 %
•
Bridge
Howard Smith Paper common
Jan
20
.10
Canada Vinegars
Hamilton
34
■
55%
55%
*
Gypsum, Lime & Alabastine
17
May
20%
4% Aug
675
505
18
Jan
11%
50
*
common—
105Va
90
47a
47a
173A
20
111
14%, Jan
145
18%
110
110
17%
—100
pfd inc 1927
(Charles)
50
Jan
19%
•
Preferred
Goodyear Tire
Gurd
Apr
42%
217a May
Jun
19%
20
May
May
102
85
•
Bakeries
104
27%
.10
Feb
95
16%
—100
preferred
General
General Steel Wares common—
Jan
Banks
May
150
22
22
•
Mar
27%
—
4 May
2874 May
30
common
Apr
Jan
13
85
50
14%
100
42%
23
100
.
9
Power
27
24
39
14%
100
—
25
preferred
preferred
British
Gatlneau
Aug
201
25
25
25
*
common
Jun
14
75
105
106
*
•
367a May
——
Jan
Jan
19%
Corp.
Jan
•
...100
——J.——
July
10%
*
Canad
27
Feb
Jun
1874
•
Players
810
Jun
Jan
Jan
1872
B
Famous
31
30%
30% t
Jun
13%
39
Foundation Co of Canada
237»:May
159
May
2972
150*
741
Electric class A
English
July
Apr
102%
2372
165
41
Corporation
Feb
20
74% Jan
155
5272 Aug
40
Dryden Paper
Electrolux
May
109
56
'
25
Jan
100
40
pfd.100
conv
99
655
20
20
24%
48
100
.
Paper 4%%
Jun
3874
51%
2,000
Brothers
jun
106
3874
51
23%
Donnaconna
Donohue
V-20
' •'X
—
common...
Limited
Zellers
Jan
■Jan
80 W 92
147% 154
90
•
*
(Geo)
16
'
————«
Feb
50
14
*
Apr
137s; Feb
87s Jan
100
Montreal
24%
Jan
28
Dominion Textile common
Apr
•
10
23 7»
Jan
*
Preferred
44
182
25
26
4172
14
Ltd
Stores
•
20
c
102
25%
78
70
27
Dominion Tar & Chemical common—•
Jun
'-9474 May
102
20
STOCKS
Dominion
•
3,475
11%
23
1472 July.
«...
25
Jan
23
800
*
Dominion Steel & Coal class B
Jan
26
220
28
common
31
165
10
15
•
25
Bridge
Dominion
89
182
.10
48
*
*
41
1
10%
117s
♦
common
-
Jan
9572
_•
B
Jan
41
Jun
9272
Jan
84
.10
17%
15
'
Distillers Seagrams old common
79
40
Commerce
48
~
Davis Leather Co Ltd class A
365
91
182
Aug
106
Jan
88
Canadienni
92
«...
Cork St Seal Co
Crown
1007a
20
.
Jan
Jan
31c
Aug
91
102
Preferred
May
32
A.
———
7c
,
Apr
16
16
Aug
1074 Mar
88
—
46
Aug
15
Mining & Smelting.
Glass
1027*
1472 May
25
Jan
14
925
May
16
Jan
93%
Cockshutt Plow
Consumers
102
1
\
12,784
267z May
257a May
15% Jan
17% July
115
17
18%
53
Feb
20%
28
31c
100
—i
Winnipeg Electric common
31% Aug
Aug
35
28%
25c
88
*
187a
10
■
117a
109
Jun
20
Jan
150
5
150
14 7a
11
25C
Royal
Consolidated
19%
14%
,
245
11 ;k:'.
M
pfd
14%
20
Jun
2672 Mar
Jan
'
•
•
Wilsils Ltd
July
1,836
20
19%
25
Railway
22% May
6%
——
Canadian Pacific
12
v
1474
—
■
Preferred
2074 Jan
17%
31%
■*
■
50
Walker Gooderham & Worts corn-
1474 July
23%
150
*
•
_
July
.25
Cotton
Wabasso
'
207» Aug
5972 Jan
17%
Investment——*
Foreign
Canadian
297a Aug
53% Apr
Jan
23%
20
25
100
pfd
Canadian
Canadian Oils
74
— -
pfd
Fairbanks pfd
Class
20%
41%
—
Canadian Converters class A
207a Mar '
47
275
16
207»
77
•
15%
2074
25
—
12
Preferred
1,555
15%
*
20
——.
217a
...
—
Tobacco
Biscuit
Viau
'
28%
Canadian Breweries commonCanadian
113
1,525
United Steel Corp.
9772 Aug
May *
88
25
Feb
2,264
preferred
Tuckett
Jun
97
97
83
(
15
Jan
47%
Jan
Mar
1,155
23%
Steel Co of Canada common—
'
;
Jun
% 41
14
....—
—
—
147a May
225
:
19
50%
39
Apr
Jun
155
235
: V
18
5074
is
July
Feb
22%
Power
Canada
Rights
5%
preferred
25% Jun
Jan
•9% Mar
30
34
500
14
24% Feb
14% Jan
131
7
Jun
July
104
July
25
87a
357a
1027a 110
35%
•
Apr
Southern
57a May
July
,
102
22%
Standard Chemicals common
360
11
11J
-a** —
*
class A
27 '
•
*
common
Mar
22
Jan
110
Southam Press Co
57s May
85
Jun
23%
new
Jun 4
Jan
i&35''v< May
100
22
,5074
50
1027a July
197a Apr
.100
7%
33 ^
—
Tooke Brothers
....*'
•
Corp
preferred
■
Apr
Jan
390
-
Jan
Sicks' Breweries
Preferred
374 July
27
60
18
Shawinigan Water & Power
2974
:
Jan
372 July
400
30%
Apr
307a
22
1
29%
2274
Canada Steamship common
10
1,402
pfd—100
•
Paper Mills 6%
Feb
St Lawrence
216
Jun
3,885
..
18
100
104
33
common—*
Mills
35
Jan
2072
25
4%
150
"
Jan
17% Jan
50
8%
•
——.50
—
Flour
Lawrence
24
181%
r
4,691
|
23%
3%
30
*;
common
Canada
23%
A preferred
4%
12
Feb
19
450
208
22%
Dredging——...—5
preferred
Canada
205
30 %
•
"
6%%
340
1,505
,
~3%
*
21%
27
104
100
6t Lawrence Corporation common
102
July
July
27% July
98
130
3%
Note
157a
19%
20%
27
•
Regent Knitting common—.
Roiland
Paper preferred
277a Aug
8
1,435
23%
Products
Cement
9%
99
23
*
Forest
1
2674 July
932
28
23
Columbia
5%
May
611
27%
22'
205
•
Power
American Bank
Canada
227
20%
256
loo
May
Jan
25 v'
37.
210
9
100
Light
British
Gold
40
130
22%
British
Bulolo
Jan
98%
99
•
Telephone
■
24
29
Jan
'Jan
'
::
St
—.
Cia.mt.W-..,..- '
207«
.27%
Power & Paper class A
'
560
9
.100
preferred-
Corp
Trac
22%
27
27%
common.—.——
Bathurst
Brazilian
Apr
;
fltok
'5 737a Apr
547a Mar
101% July
670
.
Apr
40
202
"
472% pfd—25
Asbestos
Bell
July
July
2174
35
37
—*
convertible
Mar
16
225
•
common
Ltd
Aluminum Co of Canada
Argus
22%
•
14
5,990
39%
22%
20
102%
■/
Quebec Power
22% Jun
22%
19%
10,673
18%
20%
1974
-100
preferred
Transport
Provincial
39%
21%
com————•
—,
20
Acadia and Atlantic Sugar A com
5%
Range Since January 1
Low
High
Sharer
High
Low>0'^.
62% 63%
102
102%
16% 16%
62%
1
Range Since January
Shares
v
•
Price Bros & Co Ltd common.
for Week
Range
of Prices
Sale Trice
X::§&C'>X ./if'vC/C
Abitibi Power & Paper
$1.50 preferred
$2.50 preferred
Sales
Week's
Friday g
STOCKS
Bang*
of Prices
Pat
Fonda
Canadian
Week's .v: Sales■
for Week
•,
Last
Sale Pricf
Montreal Stock Exchange
Aug
34% Apr
527a Mar
70
Jun
16% Jah
107a Feb
21
Jun
17
May
May
14
July
12
85% Mar
•
Feb"
87« Jan
July
60
13% Aug
34
160
13
315
28%
Jan
July
Feb
Jan
15
12
44
■
17%
Jan
Feb
•
39% July
'
,i
■
v'\.
:v
'■■.-/.■.v.:'...--■
LISTED MARKETS
CANADIAN
RANGE FOR WEEK
Ltd
preferred ——
Moore
Corporation LtdMount
Royal
Co
Hotel
75%
—*
JUta__,,
Nova
>1:
Enterprises Ltd
Orange Crush common
Nuclear
*
—
—
10
10 /a
23
27% May
1514 Mar
10
Mar.
14
29
Jan
70%
Jan
80%
Jan
16%
360
10
May
15
Feb
May
25% Jun
50
18
July
20%
14% Aug
22
3,350
111
56
135
50
46
Jan
red pfd—100
Quebec Tel and Power Corp A—
-*
30
30
31
655
'27
July
43
8
8
20
8
Jan
8
22
23
152
common——*
Reliance Grain Co Ltd
V V'f,wK
—.
15
Aug
pfd—100
Power 0%
Southmount Invest. Co. Ltd
Southern Canada
Ltd
30
"52'
of
Western Grain Co
10
Jan
36 Va
48
Feb
Westel Products Corp Ltd
'>% Windsor Hotel Ltd-—
f
*
—•
...
v'*Ck'
•
.
52
52
10
2%
7
25
12
25
12
112
—
12
25
July
11
Jan
29%
—
4^ y
''jv ^vV
''
J
y
Akaitcho
\
.•»■.•'•
Yellowknife
Mines
Gold
Apr
Athona
'
1
•I Alta Mines—-i————
—
5%c
———J*
700
80c
12c
July
5c
Jun
26,500
26c
30c
39c
52c
32c
45c
40c
52c
July
5,500
38c
July
1.00
Auto
Apr
Aumague Gold Mines Ltd———
1
90c
70c
90c
6,800
53c
July
1.50
1
12c
12c
14c
5,500
26
Feb
Jan
230
May
27
27%
310
26 Vb
Aug
27% Aug
1.33
2.05
1.00 July
2.10 Apr
24c
22c
24c
65,477
3,500
1.05
1.12
15,200
8.30
8.75
1,490
$s Beaulieu Yellowknife Mines-.
Bob's Lake Gold Mines
1
—
% Bonville Gold Mines Ltd
Bouscadillac
Gold
,'j'i 1'y
ft
/
M
/s '<• i'#Vv
1.20
4,100
1.05
8c
9C
6,000
7c
July
30c
Jan
8C
8c
9%c
7,650
6c
23c
Mar
55c
July
Aug
July
July
85c
Jan
12
Jan
■
60C
65c
5,200
8%
8%
9% "i
1,365
98j/4
2
99
2
803
27c
38c
77,900
94c
1.19
95,759
Central Cadillac Gold
__1
Ltd.
Mines
.
Mines
M
Mines
Dome
East
East Sullivan
Elder
Gold
Ltd
——1
'
Mines.—
12% Mar
18
21c
July
87c
Feb
1
32c
28c
32c
25,700
20c
July
50c
Apr
71
71
40
55
May
78
055c
Collieries
30c
28 %C
30c
4,700
21c
July
50 %c
42c
53c
99,700
36c
1
89c
66V4C
46c
July
July
1
4.85
90c
99,850
4.60
—
4.85
900
12%
50
1.35
Aug
43c
500
L—.
49c
Jan
23c
9,000
16c
July
200
74C
Aug
1.45
9c
Aug
58
Mar
1.20
1,800
July
2(05
4,000
12C
Aug
35c
Jan,
34c
July
38c
25c
9,000
23c
Aug
63c
6,088
35c
Aug
50c
Jun
12
12'A
32c
40c
39c
39c
3,000
32c
27c
163,600
20c
Aug
68c '
4c
6,800
16c;
84c
18c
1.24
9c
1.71
47
47
5
1
55c
50c
55c
77,300
100
—
202
202
209
392
95c
1.24
5,300
21%
21%
5
—
18C
17 %C
18c
52c
16c
July
42c
16c
Aug
26 %c
1,000
84c
Aug
12c
July
8.25" 8.30
1.00
2.50
55,900
12%
1,343
■
30c
Feb
52c
July
30c,f
Aug
Jan
July
39 %e
Jan
July
22%
28%
J,an
25% Mar
28 V2
Jan
27%
28%
1.060
4
•'
-
4
4%
2,600
15
16
385
9%
10%
355
—
30
3%
♦
3%
5
Aug
Jun
35
Jan
May
5 Va
3% July
300
Jun
11%
9% Aug
28
<
Jun
17%
3% July
15
520
31
3%
30
•
JMay
25C
Ltd——1
22c
28c
41,900
18c
July
55c
Jan
47C
•
Dominion Oil—
Jan
30%
15
*
—
26% Aug
Jun
27%
20'A
15
23%
——•
Oil—
18% Feb
3,345
27
27
—
23%
Forest
-
19C
12
•
Gold
Buffadison
Feb
45C
47C
27,500
40c
July
72c
Jan,
1.15
1.35
18,600
95c
1.64 Apr
11
Feb
4.90
5.10
400
3.85
July
July
•
1
23C
22C
24c
20,300
15c
July
45c
Jan
29c
26C
32c
27,500
15c
Jun
97c
Feb
*
30
1.30
——1
Mines,
Buffalo Ankerite Gold Mines
Jan
—•
Buffalo
Canadian
Gold Mines-
Buffalo
8.25 Aug
July
July
10c
c,
j
1.75 May
July
1,250
1.41
43c
July
3,650
American
Columbia
Bronlan Porcupine Mines,
Feb
31,600
20,600
84c
23c
25
Class B
Jun
.
Mines, Ltd
Cordage preferred.
17C
19C
12%
Jan
11
18,300
•
45c
24% May
60
Apr
10c
14c
40,600
10c
-
Feb
30c
1,000
44c
•
92c
55% July
13c
Jan
23% May
22% Aug
50
52c
Columbia Packers class A
British
280
58
Jun
1.45
July
21,070
23
1
British Columbia Power class A
Feb'
16c
27c
58
—
1
—
Mines
British
Brit
47c
21
5,000
Feb
May
216
July
July
July
63c
22%
—
—.
70c
Jan
2.65 May
Jan
181
85
51
Jan
Jan
24c
25c
*
50
39
58c
62c
_1
Gold
British
Jan '
2.24
July
45c
22c
3.30' 3.80
—
1.64
July
Feb
250
1.75
f
July
51c
Brantford
Apr
2,700
16c
1 *;
57c
10,300
'
Class B
1.15
3%c Aug
1,000
78c
4c
24c
21,200
80c
Brazilian Traction Light & Pwr com
Jan
75c
Mar
20c
24c
Mines Ltd-
65c
78c
1
-
82c
76c
preferred
preferred
19% Feb
Jun
23c
22c
Mines..—
11% July
30c
600
1,500
Apr
7% May
75c
45c
.,
Apr
24
Jan
76c
—X
Bralorne
"
5%,
82c
Boycon Pershing Gold Mines.
Jan
35c
-
100
1
1.15 Apr
1.06
28c
7%c Jun
19
Feb
10
6
32%
1
Bonville
Jan
17c
35c
1
22
6
1
Gold
July
400
7,200
*
Bobjo Mines Ltd
Bonetal
38
37%
Apr
310,500
23c
—1
Hats
Ribbon
Feb
37
1
Kirkland
Btdgood
July
9%c 10 %c
Yellowknife
Biltmore
40
95
Bevcourt Gold
•Blue
33% May
38'/a
& Radium.
Bertram & Sons Class A
Jan
Apr
38
22
Feb
Jan
38
♦
58c
24c
21%
•
Feb
27
12c
1,185
37
.
Feb
Jan
3,033
26
10 %c
v
6% Aug
July
16c
25%
•
,
Jan
1.02 Apr
1.55
Aug
14 %C
10
,
May
7.25
July
26
BerensRiver
Feb
5
2.25 July
12,200
6
15 %c
in
Scotia
Bell Telephone of Canada
3.60 Mar
1.50 July
80c
14c
Mining Corp of Canada Ltd———*
?',5
Feb
38c
—•
17,100
Apr
12 % Aug
Aug
15c
Beatty Bros class A
Feb
32
21% Aug
10
200
1.64
Lingman Lake Gold Mines Ltd—
-t "
' —
Lingside Gold Mines——-——!
20c
Lquvicourt Goldfields —_————L t /'1.75-;
^
V
* 1
\ 1
'i'X
A,
' '
Macdonald Mines Ltd—————1
.3.83
„
70c
25c
1
Joliet-Quebeo Mines Ltd
Shore
Aug
—
I
——
iV| J-M Consolidated Gold Mines Ltd
Lake
Aug
26c
1
Lake Mines Ltd
Lake Rowan
30c
1,000
—*
150
25c
.
3.80 July
12
10
of Toronto
Beaulieu
Aug
1
Ltd———
6%
22c
—
1
-
Beattie Gold Mines Ltd
Apr
45C
5,900
3.65*.
43d'
6%
24 %c
*
"
,
12%
*
A
Consolidated Mines
Bear Exploration
1.15 Mar
3,550
21%
1.15
15c
15c
1
—
Jack Lake Mines!
-
July
July
20c
Hollinger Consolidated .Gold-—L——1
13.
ffudson-Rand Gqld Mines——
Indian
10c
70c
13,500
4,000
16c
73c
40c
32c
77,400
1
Feb
76q10c
—
1
Ltd-!
/'Heva Cadillac Gold Mines Ltd
Hillcrest
Jan
43c
28c
11c
22c
Jan
430
473,867
Class B
60 %c Mar
...
12c
|f|Goldvue Mines—.
T
49c
6,000
2.500
43c
21c
Mines
July
July
30c
..
(1945) Ltd-—————!
Goldora
July
62c
July
28c
42c
Bathurst Power class A
Jan
94,300
30c
3.30
—
4
Formaque Gold Mines Ltd-—-——
1
Found Lake Gold———1
Goldbeam
13c
July
16c
Jan
Mar
17%
Base Metals
7c
68c
17
Mar
25c
30c
1.64
—3.60
-
I
Jan
55c
23 %c July
23c
._
—.L——.
Bank
July
18c
100
7c
21%
__
1
Mines-—
Mines
30c
July
Apr
3% Feb
30c
Bank of Montreal
'
.
*
Mines
Fontana Mines
—
30c
32c
5
;
Ltd—1
Malartic
14%c
Ltdi.---i.il-
——
::;v
32c
July
6c
30c
12c
72c
30c
28c
30c
1
Colomac Yellowknife-Mines
■',
Aug
10c
18c
1
.
21c
1,000
1,600
30c
—
1
Century Mining Corp Ltd
§ Cortez Exploration
| Cournor Mining
3,500
7c
—•
1
Centremaque Gold Mines Ltd;
Cheskirk
27c
15c
8c lOYsC
10%c
102
Aug
1
—
Nova
98
1.80
1.10
—.
Mines
of
8
30
1.80
——
26c
Mines
Bank
.
1.95 Jan
Aug
17%
class
•
Feb
39 %c
Mines
Products
13
1
)
Cartier-Malartic Gold Mines Ltd
y
July
25c
15c
1
50c
2,200
f
38%c Apr
1.36 Jan
,
—1
._
Bankfield
2.60 May
Mar
1.05
*
Gold
July
90
——-«
—
_
Class B
May
34c
14c
__
1
Ltd
Mines
July
Jan
1.20
'
—————
Fabrics
18c
95c
33c
Bagamao
55c
52c
52c
•
9c
54c
8.00 July
Feb
Beatrice Red Lake Gold Mines Ltd
July
129 Va
V-4'
1
Mines
Aunor
Feb
|;1 AstGria Quebec Mines Ltd—————1
0 Aubelle Mines Ltd--- —
1
19 l/a
295
65c
Aumaque Gold Mines
May
ll%c Jan
87C
50
210
•
rl O O
Aubelle Mines Ltd
1.85 Aug
May
1,000
2,810
30,500
22
1.65
■
•
1
—
_
Hardware
Yellowknife
Atlas
1.70
14
6c
1.68
14
5%c
—
*
Arno Mines Ltd-——-
22c
1.74
•
.
,
1,000
20c
202
_
Astoria Quebec Mines
Apr
,
\
1.85 July
25c
Jan
July
1.0 %c Jun, ;
19c July
1
—
———
Mining
Ashdown
Atlas Steel
^ Mlninj Stocks
1.35
May
1
.
—
Gold Mines-^—
Armistice Gold
Aug
13
Feb
.42
22
•
preference
conv
Arntfleld
24 %
2a
11 %c
July
Jan
11%C ll%c
•
Apex Consolidated Resources—.
Aquarius Porcupine
July
7
1.25 July
13,150
21c
Arjon
825
1.72
7c
4
57% May
7
—
••
925
1.64
—1
Ansley Gold Mines——-,—2,
Warrants
30c
26
1.70
1
.
Oil
Anglo-Rouyn Mines
Jan
27c
May
25c
37
•
Yellowknife
jun
132
29% 30%
27c
Canada Ltd——*
United Fuel Inv-class A pfd——
United Distillers
Jan
115
37
—
*
common
Canadian
Angio
4Ya%
3
500
—
Argus Corp Ltd common
3,392
July
7%C
—
Anglo-Huronian
25% Mar
124
124
27c
—
Jan
107
7%c
'
,
—1
Cons
Mines
American
"4
'"'.V;'1' V*V'.
fii
Jan
27
Pacific
Gold
Jan
—
Jun
Jan
103%
30
'
May
N C part 2nd pfd
6%
109 %
High
.
,
20y«
106
Preferred
22
Aug
112% May
'
60
May
20
.
LoWi
,
1,535
105
■
—1
Amalgamated Larder Mines— -t—
109 A
56
106
22%'
Range since January !
High
&
'-V-
—
Jun
110
56
22%
*
,—
Aluminium
20%
Quebec Pulp & Paper 7%
!i
•
Algoma Steel common
Alberta
Alger
•
1st pfd
Power Corp of Can
f;
Akaitcho Yellowknife
May
8
Low
Par
Agnew Surpass Shoe qoinmon.^^.
ill
20
Shares
••
112
100
——-50
Stores
Service
Pauls
■
'
"
common-
—
-Feb
109.
%i"'
"
-
for Week
«
Aug
2,230
24
/J-i
*
Sugar
Jan
July
180
,4
^.vVi
\
Acme Gas & Oil
Jun
11%
57
Sales
Range
ef Prices
■
Aug
105
A
Preferred
30% Aug
151
\
Acadla-Atlantlc
18 % May
6
„H,2
10%
r
Aug
5
.
1" A
—
104
July
17
1,545
'4
pfd—100
*
Pow, 6%
Lt and
Scotia
13 A
---
*
./••Mount Royal Rice Mills
101% July
230
30% 30%
75%
76 '
---—30
1st
115
.104. ,_104
16'A
16 A 16%
22 A. ■ 21 /a 22 /a
•
—
4
14
104
pfd-^10 v
Minnesota is Ontario Paper Co———.8
Mtl Refrig & Storage Ltd common
• •
Melchers^ Distilleries
High
Low
High
low
Par
McColl-Frontenac Oil 4% new pfd—100
Week's.
Last
Sale Price
Range Since January 1
Shares
of Price*
Friday
STOCKS
for Week
Range
Last
Sale Price
ENDING AUGUST 23
Sales
Week's
Friday
STOCKS
Monday, August 26, 1946
& FINANCIAL CHRONICLE
THE COMMERCIAL
1114
•
.
:
Red Lake
Mines
n
,
Nechi
New
Cons
Dredging
Louvre
—
Ltd——
2.10
1
1,000
14,700
1.75
100
2.00; 2.10
«
—
30c
7.50 Jan
12%
1,500
Building Products
Jan
Bunker
10c
Aug
41c
May
30c
Aug
1.09
3.85
Linen
Caldwell
190
14%
106
27c
.39C
113,300
14%
14%
10
1.82
1.88
2,900
15,400
1,500
6,100
37% c
—*
common
—
—
1.84
24C
■
Pandora
Pato
V
Cadalllc Gold Mines Ltd—J
Cons
Gold
Pitt Gold. Mines.—
i')' ''i''
^ i<,'W
^
Red
; "
■
—
^
—
Quebec. Yellowknife G M
8c
v
'
——1
■
.
■
450
1.25 Aug
8c
Aug
1
12 %c July
4,500
15c
25c
7,000
16c
13c
1,500
lie
18c
2,600
15c
41c42%c
68c
68c
2.70
2.90
18c
55,500
39c
800
60c
17c
Calmont
Feb
———-Jt.-——1
Oils
July
July
July
1,85 Jan
37c
42c
'
Slscoe Gold MiueA Ltd—.—
1
65c
65c
75c
6,500
3i925
Boma-Duvernay Gold
.
1
25c
19c
26c
55,800
Stadacona Mmes 1944:Ltd-—————*
78c
Standard Gold
Tiblemont
•
;
Jan
Preferred
Apr
23c
Canada
Jan
38c
Jan
Class
LOT' Jan
Goldfields Ltd
15c
15c
IOC, Augu
.
16c
120,700
45c
July
Canada.
1,54 Jan.
3.65
1;
16c
Canada
1,45 Ja,n
29c
1.00
■
Homestead OU dfi Gas Ltd——1,
.
64c
600
July
Class
42c
Canada
1.49 Jan
Aug
1.52 July
1,900
!
—
——.
15c
5,000
15c
Class
Aug
32c
Mar
Range
80c
;
.
66 i
Aug;.
preferred
$2.50 preferred
01.50
For
footnote see
*
————20
20
21%
page
1117
19%
>
—
20%
May
lie
B
Jun
148
—
27
27
45
25%
42
10
40
;
for Week
Shares
19%
3,610
39%
39%
225
■■■
11
,
•14%
Jun
•
Jan
25%
Jan
131
Jun
153
Jan
Jun
Jan
30
Jan..
July
65
19% July
Mar
20
Aug
64
Aug
20
20
63
42%,
18%,.
class A——
100
—
Class
14
Mar
15% July
High
37
July
22%
Jun
21
Apr
40% Apr
18y»
50%v
—50*
98%
*
,A-
—-
—
Bakeries
————
Car
& Fdry
;
B
—,
--
20%
*
—
--
28%;
*
-1
—
Canadian Loconqotiye
50
64
65 '
11
25
11
AUg:
450
36
Jan
Canadian Malartic
Ry—
Wirebound Boxes.
.
■
42
42%
18% , 19
199% .202
•53;
,
f
Jun
/
14% Feb
,
98%
23%
29 %
29: „,f.°
*
Feb
53
Jun
99 % July
May
24
Mar
30
12
70c
17
Feb
135
,
;
:
19
-
Jun-.
,24
Jan
20
1,545
Mar
29% Aug
32% Jun
22% Jan,
32
May
100
22 Ye Jan
32
Jun
245
15
20% Jan
100
Aug
20% July;
425
59%
77
350
24% Jan
70
25
Jan;;
■;
.
• '
28% 29%
70°
71c
16% 17%
18% 18%
27 27/a
•
Jun
9% Mar
205
315
17 Va
255
15
565
Aug
30% May:
20% Jun.
Jan
18% Mar
115
.
22% Feb
Jan
12
24
?
Jun
'
Feb
27
May-,
26
May
28
Apr
Aug
*46
May
50c
July
■
18%
^
23
88
3,720
18% 18%
■
22: 22%
A—*,21% 21%
*
20 20%
■*
*
—25
•
Feb
Mar
50
15% 15%
20%,
21
^
—
205
25
65
•
22%
27 a
74 /2
29%
Jan
Jan
.
18%
*
40
;
IV/f Wu
31 31%
29% 29/a
,.;,44%;:May*
17
July
47% Jan
123;
v
27%* 27%
178
15 1
18%; 18%
50%1
51 '
98%
17%
200
•
■■
—
Canadian Oils
Canadian
23
28
^9
common——•
^
*
Dredge
Canadian. Pacific
—*
—20V
———*'
Canadian Industrial Alcohol com
RsngS Sines January |,
200?
common-——--—*.
Jl——
Canadian Food Products common
"■Class'- A-/—.!' ',v':
Low
6,669
18%
.
:
1st preferred
-Canadian
High
22%
148
65
common———*'
Canadian Bank commerce
10
Canadian Brewerleg common——*
Canadian Canners.common——*\
1.00 Aug
'
Abltibl Power & Paper new com
3,743
*
B
Canadian
Sales
Week's
of Prices
24
*
Canada Wire and Cable class
Aug
Exchange
Low
9%
149
—
10
Permanent'Mortgage
Preferred
Canadian Funds
Last
Jan v
3.16
22
-
Power
Class A
Sale Pries
Jan
Mar
56c
»
6% Jan
275
•
"lOO
Canadian Celanese common
Par
May
2.95
2.00 July
8%
1
44c
July
22 %c July
2.15
—
Fdy common
Malting•;
North
Canadian
Friday
15
Jan
1.71 July
19c
8
«
Conv preferred
STOCKS
11%
2.05
J—
B
.Canada Steamship
Jan
3.50 Feb
10 %e Aug
700
1.00 l.OO
"
7c :: 7o
Toronto Stock
Feb
8.
—
Foundry class A—.
Canada Packers
Apr
Stocks
Gaspe Oil-
Apr
44c
Jan
13c
500
lip
2.03^
17
July
*
July
60c
2,991"
16c
2.05
July
July
~
1
WestviUe Mines1
OS
80c
16c
1.90
,
Sullivan Cons Mines Ltd.
12% Mar
19c
-
July
42
Canada Bread com e:—
Canada Cement common
Canada Iron
Santiago ——————42c
Senator-Rouyn
Ltd..———1
—„
Sherritt-Goraon Mines Ltd
1
2.80
27
2.10"
Ciampbell Red La'ke—
7.80 May
"26C
9 %c May
Jan
22%
"
20c
—
46c
5.30 July
100
53,400
13c
——1
,
6.00
1.35
15c
Crest Gold Mines Ltd.—.———*
Rochette Gold Mlhes—
17c
6.00
1.35
10C
Dredging Ltd.—.1
Perron Gold Mines Ltd
.
_
30c
25C
28c
Jun
35
4%c Jan
3,500
26
13%
14%
1
Calgary & Edmonton
—*
Callinan Flin Flon^——X:
Jan
6C
25
—
•*
—
Calder Bousquet Gold
2.22 May
Jan
1.70 July
*
A
class
Co
Class B
Mar
18c
6C
—
23% Mar
520
31
29%
*
Hill
Burns &
1.76 May
1.20 July
10,800
10c
27c
__
27c
.1
1,45
10c
1.75,
1
O'Brien Gold Mines Ltd
1.41
1.42
-1
Mines—
Nib Yellowknife Mines Ltd——
Normetal Mining Corp
'
2,300
875
5,812
85
13%
Jan
1.35 Feb
18
17% July
24%
25 Va
30
Jan
Jan
Feb
May
j
Number 4519
Volume 164
THE COMMERQAL A FINANCIAirCHKUNICLB
111?
■ui«
CANADIAN
HI
W
...
LISTED MARKETS
RANGE FOE WEEK ENDING AUGUST 23
STOCKS
5
Friday
Week's
Sales
Last
Kanfe
Sale Price
of Prices
Par
Cariboo
Castle
Low
Gold
Quartz
Trethewey
High:
XOIO
3.35
1,100
2.50
1.60
4,500
1,42 July
Central Patricia Gold Mines—— —_i
2.18
2.J5
2.25
2,550
1.85 July
15o July
i
■
—
21c
—
32C
18,500
>,
3.00
Jan
50c
Mascot
•Heva Cadillac
Jan
Range Since January 1
loto
1.65
9,800
26C
23c
27c
121,900
6%c
6V2C
1,500
21
22
370
12
12%
740
2.88
3.00
20c
-s//'
|V»
Gai
y.
■
*
Wines
10.
10
25
1
75c
75c
85c
Chesterville Larder Lake Gold Mines—1
4.15
2.87
4.50
14,200
237,746
Chemical
Research
Circle
Bar
Knitting..-
Jan
.
Highwood-Sarcee
Oil
4,50 Aug
——
—
Hinde & Dauch
■:
.
,
Gold
13 %c
3.20
3.10
3.25
15
151/2
555
Co.
Hi
Yellowknife
National
55 c
.-1
Mines
m
55C
i'ri
—.——L
57c
79c
—
5
-—r—+-•<-
14% July
40o July
102,100
<
50c
VA
Consolidated Bakeries
Consolidated Mining & Smelting
■Consumers Gas (Toronto
Conwest Exploration
100
7
2.00
500
1.65
920
Homer
16 %
Jan
22
78
Jan
103
Corrugated Paper Box
178
96
173
Jan
188%
Apr
1.20
2,320
*
common
21
21
*
281/a
10
Feb
1.95
July
8
Mines
Imperial Bank—
Imperial Oil
^Preferred
Crow's Nest Coal
22% Jun
Jan t>!
.
32c
4,423
25c
July
55c
5,700
29c
Jun
86c■(Feb
International
1.15
1.30
16,500
1.00
July
1.67 Jan
International
Cbal
43 Va
55
International
Metals
441/2
441/2
1
90c
90c
90c
1,400
1.65
1.65
1.70
400
-Apr
70C
D'Aragon Mines
Davies
1
Class
B
19c
28c
62,300
12%c
12%c
13c
4,500
31%
311/4
31%
70
*
A
22 V2 c
*
*
Petroleum
Leather class
Jan
Feu
May
1.15 Feb
3.00 Feb
13%
13%
18c
Aug
12c
July
1
Nickel
4% %
Bronze
Powders
28c
Aug
Mines
1
16c
16c
18c
30,500
1.35
1.25
1.45
12,400
Discovery Yellowknife
1.05
1.00
1.05
6,700
*
27%
27»/2
27%
250
I
1.57
1.42
1.57
91,234
•
21%
21
21%
770
28%
28%
Distillers
Seagrams
Mining
common
Diversified
Mines
Dominion
Ltd
Bank
Jack
Feb
30c
Mar
May
1.90 Jan
July
1.48
July
Coal
Dominion
Dairies
preferred
Preferred
*
Dominion Foundries & Steel
Dominion Magnesium
Dominion
Malting
Vtc
29%
*
39C
Apr
Jellicoe
J
M
34
31
32%
•'
31
36
35%
37
_•
17%
17%
17%
Mining
1
-I
Townsite
Duvay Gold
5
165
4% Aug
Lake
—
Fortune
20
Jan
28 V2
Jun
Lake
Shore
23
Mar
30%
Feb
La
12y2 Mar
23
May
40
23%
Apr
24%
Jun
26% Julv
Jan
20
17%
655
95c
56,600
6,900
60c
July
1.85
Jan
Lapa Cadillac
1.12
85c
1.60
Jan
21 %C
23c
10,800
19c
3.75
common
jlj
July
3,200
58c
July
62c
Feb
tic
July
13c
Jan
Lebel
10% May
14%
Jun
Little Long Lac Gold
15%
Jun
Loblaw
50
Anr
22% Aug
40c
1
57c
40c
„o
43c
66,100
51c
57c
25,650
8%
*
9
60
11 %
--
11%
5
40c
-
22% Aug
1.35
10
Leitch
Gold
5.00
•
new
•
common
20
4.80
*
22
58 Vz
615
10%
130
Mining...
57%
1
Fleet
•
Aircraft—
Co
of
Canada
class
A
Co
Jan
Louvicourt
Lundward
Lynx
3,045
General
12
48%
29
Mar
6.35 Feb
MacDonald
Macfie Red
65
Jan
May
10% Aug
134
Aug
5% Jan
Mfg class A
Wares
God's Lake Mines
r
Aug
32
29
Aug
33
Feb
July
Feb
Marcus
Marlon
Goldcrest
18
18%
110
340
110
14
35
195
8
109
Jan
Jan
21%
110
17%
18
225
17
111
6.50
7.10
13,796
11c
13c
7,500
6c
5%c
6c
8,400
5c
8.75 Feb
25c
Feb
Jun
22c
Gold
35c
9,800
87c
Feb
Mid-Continental
25c
Jan
Mining
24 %c July
33c
28c
July
29c
48,100
16c
1
July
2.65
2.60
2.78
2.00
•••.
Great Lakes
Paper
Preferred
18c
14,000
8c
37c
40c
73,000
30c
July
Aug
112
—
1T^■
•;
£.#■■■
—
112
112
55%
55%
11%
11%
24
common-
29%
167/a
Hard
Rock
Gold
Hark*? Gold
29%
348
384
39c
1,500
16%
17
1,130
9c
9,500
/
8c
4%c
5.00
.....
5.00
.
5c
7,000
5.50
Mines
iu.1
15%c
-1
Hasaga Mines
-1
see
page
»
180,600
40c
16,200
30c
35c
10,400
21c'
1.02
Jan
1.46
3.45
35
Feb
Jan
July
34
Jan
Jan
May
1.84 Aug
July
July
July
860
45c
Apr
Feb
V-
3.40
3.35
3.45
1,880
3.05 July
5.00
3.75
3.25
3.90
2.50 July
7.50 Jan
1.99
26C
34c
16,400
13,600
1.87
2.00
10,295
17%
18
85
3.10
3.15
45 c
58C
1.90
II,000
4c
3%c
5c
18,000
11%
11%
9,331
14%
15
2.45
25,570
1.77
625
3.15
35c
Aug
1.50 July
3.75
17% Aug
8,350
56c
24c
V
38c
July
Feb
July
19
5.45
July
July
Jan
Jan
95c
Jan
3.75
•»
—^
——
•
__
•
90C
Aug
12%
80c
^
18c
•
15 %C
—
—
,•
Oil
3c
11%
13
Jan
Jan
500
5c
55,300
60c
21,800
21c
il3c
16c
3,000
12c
17%
—
17%
18
1,985
l4%
Jan
2.20
Jaa
.
Feb
15 %c
July
July,
July
July
1.25
May.
17% May
July
28c
7 VzC
10c
12%
:
Apr
24c
95C
25c
Jan
51c
.
Fe*>
45c
Jan
21
Apr
35% Jan
..
28% July
•:
29%
29%
40
im~.
19
19%
109
12
_
•
i
common
ll7/8
12
350
11% July
12% May
24
23%
24
620
16% Jan
26 V2
55%
90C
95c
5% c
92C
5'/8C
18%
360
7,500
1,000
55
55%
Mines
Mines
20"% July
Jan
76%
55
Aug
.800 July
4%c July
Jun
Jan
1.70 Mar
38c
34C 40 %C
22 %C
-
22 %c 22 %c
21%
25c
12,000
1,000
8%C Apr v
^uiy
75c
'
..20c.;.July...
..
17%
,
July
Apr
36c. Feb
22
Jan
6c
340
Mar
21%
&
Oil
Corp
20%
7c
8c
12,000
8.75
8.15
8.80
6,575
60%
60%
64
90
38
Feb
64
20%
20
22%
895
11
Feb
22% Aug
Gas-
—
Containers common
Modern
2.90
,
Apr
Moneta
35c
Jan
Knitting
Montreal
1.15 Apr
Montreal
125
May
Moore
58
May
-
.100
common
Jun
Porcupine
VTosher
12
25
'
,
17c
6.65 July
Jan
12% | Jan
/
Aug
15
Jan
35
Apr
42
Jan
70
Jun
59c
Apr
Light
Si
Corp
Feb
60c
900
52c
July
20
20%
1,185
18
May
25%
20%
Power—
91c
60c
20
19%
21
1,200
19%
Jun
22
May
81
May
—....
Heat
Locomotive—
—
70
75
75
76
160
23c
—•
common
25c
3,500
16c
43c
17,200
26c
Jan
Feb
July
30V2c July
13% Mar
18% Jun
Long
Lac.,
Mylamaque Mines
National
Grocers
Preferred
National
1
1
——
'
5c
July
18c
Jan
4c
July
10c
■
National Steel Car
20%
21
275
29%
150
28%
13
390
12
g
g
70
;
29%
30%
50
29
Aug
27
26%
27
330
24
Jan
2.40
2.25
2.40
May
30%
Feb
July
6% July
Feb
July
21
16% Mar
29%
'12%
*
•
45c
49c
.
Aug
—
•
—
July
29%
20%
common—.——-*
—20
*
38C
41c
————
Hosiery Mills class A
Class B
Apr
13% July
.
8
Aug
32
Mar
30% Apr
Jan
4.10
July
570
11
July
5,400
65c
July
July
6.00
Feb
9,100
13c
^ 22c
20c
23c
35,366
16c
1.20
1.20
1.30
7,811
July
1.00 July
16% May
New
Bidlamaque
Calumet Mines—
Jan
Newnorth
31c
Jan
Nib Yellowknife
45c
Apr
1.24
2.70 Jan
——
Negus Mines ———
New
11%
—
14%
1.50 July
40%c Jan
July
liy4 July
15 % Jun
203
'
74c
•Y-
1.55
Feb
/
Mines
footnote
25
65%
47/aC
Harrlcana Gold Mines—.
For
:
'
Harding Carpet
1.84
35c
1-
National Sewer Pipe class A
Halcrow Swayze Mines—,.—.
Halliwell Gold Mines——
„—
52
64
__
Hallnor
99% Mar
38c
Ltd
Gypsum Lime & Alabastine—
24
28%
65
Mines
20
70
725
'
....
Gold
-
Jan
13c
38C
50
Class B
Gunnar
10,200
16c
1
Gordon McKay - class. A^
1.30
Monarch
_i
V Preferred
26%
30c
Mercury Mills
39c
26c
•
8V2C May
37c
July
July
1.74 July
27% Jan
37c
Lake Gold—>
Red
McWatters
Feb
30c
common
1.20
Aug
T.20 July
150
-
Jan
26C
Rubber
Jan
23% Apr
Jan
4c
,
230
1
A
Lake
39c
33C
-
Red
88c
1
'
McKenzie
Jan
Golden
&
2.08
34%
—1
McLelJan ■:
Aug
July
July
-t
2.00
19%
32c
Porcupine Mines—
19c
8c
Tire
Frontenac
57c
70c
Goodyear
McColl
9,450
5,000
——.
68c
...
1,000
5,900
14,500
'" if':1''
Mines—.
Preferred
73c
ICC
y
1.15
4,300
1.89
;
McBrine preferred
McCabe Grain class
24c
90c
Goldvue Mines
80c
—
Martin-McNeely Mines
Massey-Harris common———
70c
10c
Mining
18c
7 VzC
22c
86c
Golden Manitou Mines
33,700
1.15
71c
10c
——...
9,200
36c
33%
Fields
22C
37c
Jan
70c
Feb
Aug
86c
V
Apr
21% Aug
20% Feb
5.05 July
lie
1
v
Gold
Mclntyre
l
Goldora
Jun
July
7%
Jun
_l
,
Goldhawk
Gate
Jun
111
-
Mar
Golden Arrow Mines
-
20
4% Aug
10 y4 Mar
635
12c
—1
May
20c
v
July
1
Rouyn Gold
Jan
75c
2.90 July
21
T
1,39
120
33
Gold
5.55 Feb
110% 110%
5
4%
7.10
4%c
25c
Maralgo
33c
85
2,325
17%
25
Jan
Feb
May
2,000
———1'-
—,
Gold Eagle Mines
32%
29
May
Malartic
McMarmac
ptd—
-
Gold
23% July
I
.
Lake
25
5
t
Gillies Lake-Forcupine Gold
Glenora Gold
Red
Madsen
1,155
4.00
•
common
25c
1.30
_
Maple Leaf Gardens pfd
Maple Leaf Milling common—
Jan
29
•29
Giant Yellowknife Gold Mines——!
20V2
7%c July
•
22
30c
24%
•40C
*
8.75 Mar
21
*
(HR) Exp
1,350
29
5
150
2,500 i
71,600
52,400
9,900
Lake
MacLeod-CocKsnuti" Gold Mines
MacMillan
Magnefc Consolidated Gold
39c
110
5.55 July
1
Manitoba & Eastern
Jan
13 c
8.00
2.00
Mines
24c
90
24
lie
34c 44 %c
Jan
26 Vz Mar
Aug
4.50 July
1
13% Aug
9% Aug
3.90
.
30o
v
19c
15
2,070
6.10
9%c July
2,400
1.80
8%c July
40c
•
16
5.25
12c
1
12 y2 July
4.00
18
12c
4.95
Jan
■%
22% July
,
Apr
1.46
•
_
100
—
Products
Gold ale Mine
July
8,300
2,000
Feb
29
100
—
preferred
Steel
45c
,,
25
9
24%
*
common
General Bakeries
General
80c
33
5,700
•
.
preferred
5% %
65c
—
Mines
12%
9%
•
Exploration
5%
70c
Goldfields
Gold
Yellowknife Gold,,,.
24
9%
«
Gold
Frobisher
Pow
Jan'
65c
■
33%
10c 10 %C
•
Francoeur
Gatineau
11
July
A
330
12%
„
•
...
Foundation
Jan
4.55-July
23c
24%,Mpr
i,755
1.04
130 133%
—
*
Class B
29%
5,083
19,900
;
Jan
v
Fittings Ltd
Ford
28
Mines Ltd—
class
Groceterias
13
4.20 July
3,375
10%
100
19%
57
1
Kirkland
1,937
9%
Candy Snops
common
Preferred
5.10
Jan
40c
-
Class B
Jan
1 45
Jan
Feb
55o
July
1
Macassa
Falconbridge Nickel
16c
■
Jan
2.90
1.25 July
1,500 '
6.25
Mines. Ltd—
Gold
13
Aug
j'llv
8% Aug
Feb
2.30
Aug
32c
Lingman Lake Gold Mines
230
17%
4c:
Jan
1,460
1
11% July
99c
34c
4.60
15
Apr
1.37
2.30 July
22%
Jan
Jan
1.76
5.95
Oro
60,470
15
Feb
37c
30
21
Lexindin
22%
Jan
27%
24
3.35 Jan
15
Jan
39 c
13C
1.15 July
22%
.
9c
2.25
May
30c
*
21c
July
1.20
3,975
19c
May
Feb
6.00
44%C
13,400
20
Mines
1.60'
19c
65c'
1
—
13,950
12%
1.55
Jan
11c
23% May
500
6.05
7c
12%
—
5,170
11*.
15
1.65
3.75
13%
—
Mines——.
1.52
3.30
12,700
41c
1
——
1
6c
1
3c
170
1.32
13
1.57
Lapaska Mines
23c
July
Aug
40c
26%
Lamaque Gold Mines
Lang & Sons—.,
1
80c
33c
26
~
1.05
1.55
6c
1,000
1.20
1.09
.-1
Gold
90c
40c
English Electric class B
EquitaoJe June ±
Federal
July
Mines, Ltd
1.12
1
.
Farmer
lOo
Laura Secord Candy
new
Federal Grain
8,000
Mines
1
Elder Gold
Fanny
15c
2,500
4c
28% July
50
Luz
1
Mines
Famous Players
12c
4c
Apr
July
Feb
7
160
17 Vz
45c
12c
36c
'
28
225
17 %
51,800
500
.5,000
9,980
10c
4c
13
(John)
3,459
•
79c
8c
1.30
Mines
Mining & Exploration.
Laguerre Gold Mines
187/e
common
66c
—.
Labrador
26%
Co
Easy Washing
Eddy Paper
Gold
Labatt
Feb
May
26
East Malartic Mines
Eldona
Jan
15
30
17%
East Amphi Mines
East Crest Oil
Eastern Steel
Jan
I8V4
Mines
Sullivan
Aug
7%
39
Co
1
Mining
51c
Mining
26%
Donalda Mines
Duquesne
28 %
4%
-
5c
50c
15c
Lake
4%
26
20c
4%c
2.09
71c
Aug
July
Aug
July
July
July.
July
——
Kirkland
21 % Mar
27
July
16c
10c
Kirkland
Apr
100
26
75c
•4,000
77c
Aug
Jan
290
27
6,900
20o
Mines
8% Jun
6
30
*
Jan
20c
36
28'/a
10%
mmm
Feb
27%
1.05
-1
30
»
Mar
47
2,620
51c
-1
35% May
106
35% Aug
16% July
16c
Quebec
Aug
Jun
45
102 % May
,
1.00
■
—.
Kirkland Hudson
10%
100
—
'•
Jun
I 40
29% Mar
1,309
103% 103%
29%
Apr
4 VzC
•
—
New preferred
Dominion Woollens
230
5'
W-iap'
_*
Kerr-Addison Gold
40
1.65 Jan
Jan
21
Jan
15% July
Jan
60
Jun
80c
Jan
V 30
Consolidated
Aayrand
16
Aug
130
Jun
20
28
9%
75c
1,000
Mines
Joliet
.17% Jan
M;8%;Aug:f/
July
42
Jun
35
27
3,600
Jun
6 %
•»
110
80C
Aug
30% Aug
Jan
•27c
64,800
100
Lake Dufault Mines Ltd
—
13
80c
Waite Mining
Jason
25
common
42c
Aug
20
Jan
7%
40
13
9 % Mar
1,110
35c
13%
Jan
110
13% July
.
29
30
15
30
—
2,285
42
23
530
1
com
2,644
15
8%
40
Kenville Gold Mines
19
29%
14 Va
14%
28%
32% Feb
10%
28%
13%
May
30c
Jan
40
1.50 Aug
•
_
common—
Dominion Steel class B
nominton Stores
Tar
•
com
Dominion Scottish Investments
Dominion
~
26
Feb
50
.
Jan.
375
Jan
73c
■j
Jan
17
13
Jun
6%
35
35
Dominion Electrohme
95
120
80c
70c
20% Aug
24V2 Jan
13% Mar
65
100
30% July
34%
18%
*
110 1
30
,
,20
8%
Jun
10%
25
common
July
20
110
14%
24
18%
10
Dominion
7c
.4,000
17c
Kelvinator
Dome
East
5c
1.10
R8c
Jan
28%
common
Uranium
Mar
3.05
4.40 Jan
Aug
♦
class A
International
16
1.55 Aug
Dickenson Red Lake
34
37%
4,800
-725
r
20%c Jan
13 y2 July
400
11c
29%
Jacknife
*142
39c
43%
1
Petroleum
Jun
14
74c
—25
Coke
&
preferred
34
1.85
1.85
July
& 11c
: v
Jacola Mines
Delnite Mines
Denison
3fic
—
1
—
——
International Nickel Co
Jan
29%
24,200
-^1
Inspiration Min & Devei
International
Davis
Jun
52c
Feb
1.50 Aug
80c
Jan'
lie
6
50c
*
Crowshore Patricia Gold
Aircraft
Cub
110
,in
Inglis,John
27c
25
35c
May
41%
——
^1"
110
32
,
_
Lake
291/2
100
July
50
14%
281/2
28% July
/
•-
32c
1
f 42
100
—;
Preferred
Crolnor Pershing Mines
13c
38c
»
1
Imperial Tobacco of Canada ordlnaryiS
.•/.
Feb
3,250
5,600
50c
-100
1.22
_1
Apr
19%
July
2.75 July
2,000
]
—
52c
1
-
Jan
.
70
16c 16 VzC
••
.1
20%. paid
Apr
Jun
90c
11
2.75 Feb
Indian
Cosmos Imperial Mills
Cournor Mining—
Crestaurum Mines
27
I
Huron & Erie common
2.85 Feb i:.
155
175
14 %c
:
} 20 % Mar
46c
—
1
Bay Mining & Smelting
Hugh Malartic Mines
8% Mar
July
1,420
1.10
Jan
63o
8%C
.1
Hudson
Gold
12%
*: v
Gold Mines
Hosco
Howey
21
175
■!:
1.38 Apr
95J/2
1.12
Yellowknife
1,05 Jan
:
92
•
••'
;I •'
Apr
20%
94
8
Homestead Oil St Gas—
?
Feb
*19
1.80 July
1.35 July
5
-
—
7%
Jan
5.00
July
2.00
•
Mines
35c
2.40 July
3,500
WW-
10c
1.60
•
Coniagas
Coniaurum
20c
Holllnger Consolidated Gold Mines
24% Aug
18% Jan
< July
26,000
7,150
•
Lake;:
Conduits
91
24%; 24%
18c
x
Mines—
6c
Jan
3.60 Jan
1,90 Jan
.1,41 Mar
I
WUians
Cocksnutt Plow
Colomac
24V4
*
——
—.
Cocbenuur
.
VA Jan
43c
Home Oil—
Citralam:
Coin
—
Jan
69c
July
July
July
July
1.25
'
Chateau
High
30c
Aug
19c
6,500
1.55
■
.TirT
12C
41,400
..
30c
1.68
——l-
.
—
18C
•240
30c
Shares
High
12c
18c
1
;;
-Hediey
Jan
16
.
Heath
of Prices
XOIO
Headway Red Lake Gold——1
Bales
for Week
Range
Sale Price
Par
4.40 Apr
2.10 Feb
July
:1.45
STOCKS—
High
,
1.45
——
Last
Range Sine* January 1
—1
Centreiqaque
W
!
Shares
3.25
-
Week's
Friday
for Week
Nicholson
Gold
35c
35c
1.30
1.39
23c
25c
9,350
1,600
9,811
6,700
30c
137,600
15C
2,000
2.95
300
Mines
——
27c
26C
15c
Mines
Nipissing Mines
35c
1.32
.
2.95
1,50 Jan
28c
60c
23c
July
Jan.
Aug
15%c July
10c
July
2.55 July
3.25 Mar
62c
1.39
33c
30c
30c
5.65
Apr
Aug
May
Jan
Apr
Feb
1117
La
^HMERCIAI< ^ FINANCIAL CHRQNIOLE??
THE
CANADIAN
I
v.?.; j,: Friday?;
Week'*
of Prices
Noranda Mines
—
—1
Norbenlte Malarttc Mines
Oil
Nordon
Norgold
—<
51c
•
1
Preferred
35c
15c
20c
41,500
10c
J
14,500
30c
52c
45c
10%c
'
12c
74c
•
74c
74c
'
*
,
I
7
7
33c
100
7
20
48c
1,800
51c
45c
51c
5,300
40c
20c
20c
20c
3,000
19c
—1
22c
20c
27c
32,197
,.1
;21c
v20o
19,100
_50
116
23c
116 ? 116
23 24%
19
30c
19%
36c
40
22,200
52c
1.07
60c
1.20
15,200
29,800
—
';■■■ Okalta. Oils: —
'Apr
'
9% Apr
Exploration
Omnitrans
-
Mines.
Gold
Omega
Ontario Loan
—..
•
Gold
Orenada
—*
Lake
Oslsko
Osulake
w
;
60c
U r/.'
..1
87c
—•
~u.
1.18
—1
—.
Mines
•
«hJI >>-* ,35c
Mines—
Red Lake Mines-
Orlac
23%
—•
Orange Crush common
Preferred ——.
A
—
Ottawa Car & Aircraft.
Pacalta
—'V
Oils
Hersey
(new)
Porcupine Mines Ltd—»
Pamour
69c
93c
—
Pen-Rey Gold Mines—1
;f
7%c
8c
76c
90c
Jan
July
57c
Jan
Feb
Jan
76c
31J/a
_•
1.33
1.30
f Mar
13% Mar
14
Apr
20ci July
40c July
95c July
1.40
26%
60c
6
July
Jun
7c
July
18c
1,700
220
70c
July
28%
v
.
10c
8%c
20c
19%c
12 %c
22c
78,900
10c
13cl3%c
3,000
12c
60c
56c
62c
15,724
50c
20%c
27c
169,200
12c
1.35
925
Toronto
General
.
?
Jan
Feb
1.06 Feb
40c
1.00 July
Jan
Mines of 3 C—.
Pioneer? Gold
14c
2.70 July
4.95 Jan
-1
4.50
—
4.50
2,100
3.80 July
: ;
'■ '
^
■
Powell
33c
10,400
38c
42c
1,200
34
34%
765
75c
75c
75c
1,000
65
61
72
6,700
13%
13%
13%
25
1.58
1.62
1,100
30c
30c
42c
—1
34
Rouyn Gold-——-.
Voting trust certificates-*.^-.
Power Corp.
——
—A
rremier Gold Mining
-1
,
—•
.
100
•
*
Pressed Metals
Preston
<■
100
—
—
Union
Class
July
24c
July
35c
July
29%
Feb
47c
Feb
76c
Jan
57c
Apr
Vicour
Apr
36
66c
52c
Aug
July
1.75 Jan
1.65 Jan
13
July
17% Jan
1.50 July
3.30 Feb
Vulcan
Wasa
13
13%
335
11
Jan
15
Apr
West
54%
54%
265
51
Feb
55
Jun
Westons
1.60
1.80
2,400
90c
95c
11,700
-
__
•
15% Aug
1.70 July
8c
22%
1.35 July
.1.15
Apr
2,734
50c
July
1.25 Feb
22,382
11c
July
Mills class :A—
Riverside Bilk
•
Robertson (P L) common
7%
50
77c
.
..
--1
5%
.
Jan
8
•
W
Cotton a——
—_
Roche Long LttU——
Rochet te
.—1
Merger Geia Mines—.JL
Roxana Oils Co————
-*i..
—■
Lake Gold
Rush
Russell
Mine
Industries
May
—•
Corp A_
Lawrence Paper preferred—..
_50
St
San
Mines
Sannorm
-
Shawinigan
snawkey
15c
25c
90c
87c
1.00
25
20
18
290
51c
56c
76,400
15
1,750
20c
4,000
12c
20c
'
100,.
—
—.
—
—
Mines
Gold
J
Mines.
new
?
Ltd
■
-:
-
4,200
"
12c
24c
13%
23,600
23
23%
200
Ltd
9,075
1.93 July
3.10 Feb
11
10%
11%
24c
1,435
17,000
9% July
22c
Aug
11c July
18c Aug
16% Feb
87c
Feb
3.80 July
108% Feb
5.10 Feb
159
Aug
1.69 Jan
t j2.76
; 2.61
2.90
Silverwood's class A
13%
14%
^:V ''Wtn't
'"
^
-
.
•
•
14%
10%
5
42
42
19
19
19
12%
12%
25
18
-40
—
—
—
Simpsons Ltd class A new—.
S? Class B new
-'
Preferred new.
;
v ^
-
•
100
Feb
1.63 Jan
26% Mar
82c
Apr
1"'V •£'1
x
2.08 Jan
3.65
July
July
July
9
■
Slscoe Gold Mines
Rladen,
Malarcio
Southam
15% May
15% May
Winora
Gold
1
Mines
Alexander preferred
Wool
Combing
Wright Hargreaves Mines
Yellorex
Ymir
Mines
Springer
—*
Yankee Girl
•
Toronto Stock
Sturgeon
Preferred
"
.
-
Bruck-iJSilk: v————
Canada & Dominion Sugar
Canada Vinegars
*-
's
,
Canadian
4.-*.——iv
Preferred
—*
Stanley Bruck class B__
For
footnote
—VY
see
page
-
12%
795
12
July
40
3,770
18 %
125
1117
75c
18% Jun
6% Aug
Jun
5% July
lo
5,102
43c
13,800
340
1.23
Mar
40c
7%
21 %
21%
~
8
59c
Dalhousie
31V*
105% 105%
.
5,48|.„J5pe Julx.
775
io
16c
—
99%
17%c
—
—
4,05
16c
14%
21,500
518
15
Mar
85
10,500
94% Jan
15c July
130
26%
4.00
135
26%
4.05
20
25
1,170
33c
16c
35c
17c
Jan
23% Feb
3.85 July
1,500
3,000
18%
•
,
—
25c July
14c July
July
30c Jan
21% May
Apr
105
43c
u
Feb
Aug
May
6.55 Feb
135
.29
.
67c
' 39c
Feb
Jan
Exohange-Curk Section
Week'*
Bang* «•
of Prices
8
55
165
Sale*
for Weak
Share*
58
165
17
^Bange Sine* January 1
—-■ Low:High
High
190
11
6
6%
2,716
84
170
'
55
"AugH,, "78 ZApr
165
Jun
4% July
78
July
19% May
26%
27
30
23
23%
200
23
Jun
15%
15%
30
14
Apr
•'
—-
Textile
Foothills Oil & Gas
Jan
Donnaconna
Hayes 'Steel
common
Paper
——-—
————
—
Humberstone
International
——
Paper common———
Langley's common'—
1,50 Feb
-
——
Preferred
,t.55;,Jan
16% Feb
400
Ailg
10% Mav
Jan
7-
„
117
Bridge
1.40
Aug
6% July
~
36% May
108V2 Feb
11 %c July
12% May
100
16c 18%c
14c
14
99%
preferred——
Dominion
1.12 Jan
23
Apr
25c
175
-
July
18% Jan
90c July
3,770,
1,250
Jan
Jun
220
25
104% July
—
Oil
Disher Steel
18%
Julv
35c
,
24,660
11%
25c
7%
8
~
30%
Mar
55c
60c
.
Jan
Mar
20% July
1.05
-
July
145
Lumber———-
Jan
J4c_85c..,...
—
—•-—
30%
59
535
5
Canadian Marconi
17
?0%
10%
July
18c
1,600
—
100
20%
„
.
Industries
Western
108% Mar
-
•
Westinghouse
May
10%
common——
common-
28c
40c Mar
40c Jan
July
Consolidated Paper
101
25c
Paving
59c
20,200
190
190
82%
Aug
17
Rights
Standard
30c
26c
Preferred
42
107
-
2,343
1,585
12,000
30c
6
Jan
107
1.23
3,000'?
400
24 %c
—
35
——
—
36
40 .* May
36% Jun
—,•
-
6tad^,cona Mines
Standard "Chemical
& Paper com.
British Columbia Pulp
10
Jan
40c
4.40
151
83c
Friday
Brown Co common,..;
Canadian
Jan
74c
4.30
150%
78c
Low
Canadian
24
40c
18c
Last
Jun
27%
74c
18c
Sale Price
Feb
50
%&■,.
May
May
May
14%c Jan
13% Feb
Oanadlas Fiuii*
STOCKS
25%
485
'
«
&y31
,58
^
Bonds-
17%
~~
•
26c
11c
1
—
—
Feb
35 %
—1
——
—-100
_'5
•
—
13%
32%
—1
Mines——.
Co
—
100
Jan
32%
400
11%
—
Feb
35%
•"
—•
15
500
26c
JaD
50c
Jan
12
I
•
Preferred
13% Aug
July
12
4.40
0
Jun
32%
—•
8%
8c
22c
18c
150%
80c
1
common
Dominion
w_——.
75
11c
—
•
Jan
6
1.01 July
1.66 Jan
450
19%
--
—
26
53
8%
8c
-
^
-
Jun
14c
•
'
10
»—
^
May
31c July
>
19%
14%
—•
—
21%
2,050
1,470
B
preferred
40c
8,335
'
22c
25
52
__
•
Ltd—
common
Jan
-
112
July
13% Aug
800
t
S
5,255
20c
22c
53
•
Grocers
39% Jun
22c
7,500
45c
.__5
——
8c
120
72c
1.25
—1
—
3.80 July
4,200
13,500
43c
■■.
common
Preferred;:
Scrip
New
Feb
1.10
14%
5,033
200
•
12% May
,45c Jan
9% Mar
Feb
25c
82
1.15
—*
common.
*
445
Feb
62c
16
Aug
25
66c
,
| 45c
*
2.40
Mala.rtic
25% July
Jan
Feb-
23c
'•
i.;
10%
1.57 Mar
30
13%
-
23
10%
—1
25
.
30
4.35 -4.50
10%c
71c
10%
,
2.25
-
Wiltsey-Coghlan Mines
Winnipeg Electric common
Jan
38c
,
110
110?
v23c
—1
.50c
—
—-1-————
Class
HO
T-
May
64c
J
34
■,
25
New;
Silknit
34
*
Pherritt.-Gordon
Sigma:
__
13%
-
Brew
16c
&
.Y-$f
Sick's
14%
j
Jun
22c
17% Aug
22c July
14% July
56c
:
9,500
.
.;
16% May
Jan
17%
17%..
24
103
85c
Aor
51
Jan
24%
15,844
885
80c
24%
.
Apr
39%
49
Aug
July
;
__1
Creek—.
Sheep
;>;,
4,000
—-.
Rouyn Ltd_
18c
13,600
,;:4.50
__l?ri0%c
—.
Bridge;-A?--
Sarnia
Senator
Jan
12% July
8c July
1,500
14c
16c
—lv>.
Antonio Gold Mines Ltd
Sand River Gold———
46
44c
__1
Lawrence
10
25
39c
—1
common.
new
12c
—
39c
;
.10
—*
Jan
..
.
Jan
40c
93c
Jan
42
50
13%
3—
—•
——-—i
Ryanor
St
«*■"x;
——V
,
^
1
——
nouyn
34
20
45
50
—
July
170
35^
13%
—
—*
'July
30c
8,400
45
'
Royal Bank
Royalite Oil
46c
34%
45
.
20c
7,900
43c
44c
25C
34%
,—*
'Preferred-
Robinson
23C
25c
—*
1
10
10
10%
Consolidated
Wekusko
West
23%c Jan
.7%
-1;-
Mar
Feb
July
34
1
Wood
Regcourt Gold
Rich mac Gold Mines——
34
103% 103%
2.15 Apr
Mar
69c
17%
74c
Quinte Milk Prod—————-
July
Jan
3.45 Jan
22%c Feb
July
15%
77c
17
19C
2.35
Lake Gold Mines
350
■
11% May:
1.20
—1
Waite-Amulet
4,500
—1
190
500
11%
;
Oils
20.645
—•
Jan
13
1.10
0
Mines
2.06
Quemont Mining
11%
•
Villbonna
16%
95c
36
142
50
*
•
1
Ventures. Ltd
9%c
—>
35
30
July??,
fe'Jan
'' Jan ??
22c
12%
34
25
Steel
8c
—1
—
Manltou' Queenston Gold Mines
26
22c
12%
—
"
25
July
2.40 Feb
65 i Apr
46% Feb
170
July
13% May
14
Apr
39c Jan
35
July
105Va May
1.80 Jan
May
1.20 July
-
1,000
13
July
45c
20
r
-.—-..l
Oils
United
Upper Canada Mines Ltd—:
1.75
Quebec:
170
®
50
_!
Preferred
Gold
Quebec
43%i
13
—
100
5,35 Feb
1.46 Apr
80c May
1.25 May
18c Aug
24
Mar
40% Jan
6
Jan
8c July
8y« Jan
!
B
15%
—
54%
43
170
—
170
1.13
1
Mining
United Corp class B
1.89
-40
■:
'»
-
..
.
United Fuel class "A"
15%
-10
Purity Flour common—
Preferred
*
•
•.I..
Union Gas Co
—1
—1
-
29
•
*
Transcontinental Resources
—1
——
East Dome—
Purdy Mica
29
—
3.05 July
48c
100
-
1.95 Jan
27% May.
7% Aug
12% Aug
1,10 Aug
July
•
19,300
23
1.50
-
:
300
7,640
63c
23
—
Walkers (Hiram) common
Co
55c
1.50
,
7.70 Mar
__1
Porcupine Reef Gold Mines^
River
7,300
5,500
__1
Porcupine Peninsula
Powell
20c
3.15
17c
3.10
-*
•—*
——
-
United
Mines—-w—*
57c
1.25
—
*
—
Trust
63c
1
Traders Finance class B
1.95 Jan
3.05
17c
__1
Gold
6,950
—
*
Explor
Preferred
50
3.90
53c
Toronto Iron Works common
A Class A
Towagamac
3.80
245
4.10 Feb
■
l.ooJuly
21% Jan
5% July
11% July
95
7
54c
4—-
Elevators
26
Apt
40c Feb
4.45 Jan
23% Mar
45c
Jan
24c Jun
3.25 Feb
1.09Mar
1
'
•
800
12%
;*
—
•
7
1.25
-,
•
12%
—
—
3.80
1.23
—
j—
Feb
35c
29c
July
1.30
Bros
1.20
25
•
1,600
.
95
July
Jan
'
46c
July
22c
——
Toronto
Feb:
2.85 Jan
-
Tooke
Jan?:;
1.65 Jan
1.00 July
8%c Aug
..1
Toburn
•
—
'
—"——J
—
Tip Top Tailors———T
Aug
35
July
July
__
Thurbols Mines
1.15
.
14,800
v
Jan
Jan
,
13c July
2.50 July
18y® Jan
20c July
9c July
1.50 July
45c July
2.15 July
3,000
93,200
5,100
2.70
^
$5
Tnorapson-Lund Mark Gold Ml aes
8% Feb
Jan
'' '
Texas Canadian Oil
Jun
93c
21,475
59,106
1.35
■
Pickle-Crow
-
*
10
Teck-Huabes Gold Mines
<21% Jun
' 57o
Jan
86c *> May
2.50 Feb
2.55*
«
-
-
—
Preferred
May
119
70
31%
2.55'
-
*i*t
Tamb]yn-?tG):
37c
43c
9,700
85c
31%
Perron Gold Mines—
■Piccadilly:'
r
a.
July
July
__1
Paymaster Cons Mines Ltd-
«
,
46c
1^37,550
6%
-•
—1
Gold—
Malartic
Parbec
s
July
112
-
,
Taku River Gold Mines—
—1
—
—
Paramaque Mines
;
Apr
_1
Pandora Cadillac
+
15c
2,150
6%
8c
—1
Petroleum
Pacific
Page
——
•
80c
.
79
80
17
25
(
High
1.50 Apr
20% July
93
May
75c
8,500
14,855
35
Taylor Pearson & Carson common
20
-90
11,350
<180
110
90
Byivanite Gold Mines.,,,1'.''
'
O'Leary Malartic Mines.
>
90
-
6% Jun
3.85 Jan
.
1.53 July
46c
Aug
w
25
1.00
18 18%
87 88%
>
Baoge Since January 1
Low
98c
...
22c- Jan
1.40 Feb
5% Jan
5,050
Co nt uanautt common..,<
Preferred
Share*
High
Bteeloy Mining Corp
18c
15c
22c
Bteep Rock Iron Mines—•
2.59
2.58 2.70
Stuart OH preferred--—-—.—22
22
Sturgeon River
1
—
25c
26c
Sudbury Contact————1
12c
11c 14%c
BuUlvan Cons Mines—
1
: 2.00
1.87 2.10
Burf Inlet Consol Gold—1—50o
60c
53c
60c
Jan
95c
8c July
70c July
6% July
46c
Ogama-Rockland
bteei
r''J
10,400
500
6%.
2.00
2.05
—
Mines
Stedman Bros,
Jan.
Mar
1.00
,18
1
^£>.^-—1*
Btarratt Olson Co:.—
2.24 May
July
July
2.10
6%
6%
5
——
Gold
May
6c Aug
1.03 Jan
27,770
—
North Star Oil common
O'Brien
17c
8c
20c
12c
.1 *
'
—
Northern Canada Mines.
July
14c
'
17c
„
48c
72% Jan
,1.05 Mar
1.90
20c
1.78
Mines
Aug
1.70
•-«.
1
Mines——,,.
Inca
54
54c
of Prices
Low
Par
High
1,035
,
3,000
500
6,000
-
—i
—
! Northland Mines
55%
Low
8c
.
Ltd.—
Gurp
Mining
Norseman
North
i.;
•
—
nurwetal
55
54%
_•
Sale Price
Bangs Since January 1
High
Low
Par
MARKETS
LISTED
RAVGE FOE WEEK ENDING AUGUST 23
Sales
.:
Bangs. •: '-for Week
Shares
Bale Price
Monday, August 26, 1946
24
->
•
May
8
Aug
Minnesota
Pend
& Ontario Paper——
Oreille
Reliance Grain
90m mon
Stop it: Shop ———L—
—^
Temissamiug Mining-.-——
:
21%
22%
3.00
3.00
20,
23.
2%-
2%*
lie ll%c
18
2.70
17
July
July
July
2% Aug
9%c July
,185
Apr
8% Apr
104% Apr
29% July
29
Feb
18
Jun
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4519
,Volume 164
OVER-THE-COUNTER MARKETS
Quotations for Friday, August. 03
-v-v1(?•
?-v^va(}-;
V:AA-
rswrv'n->■.v
A
-
Shaskan
OVER-THE-COUNTER SECURITIES
Co.
&
Members New York Stock
Trading Market*
*
In
40 Exchange Place, New York 5, N. Y.
Tel:
DIgby 4-4950
120 Broadway. New York
1020
Sstablisfced
Direct
Co.
&
Exchange
Members New York Curb Exchange
250 ACTIVE ISSUES
Ward
\
»•
For Quotations on Real Estate Bonds
Specialists
Firm
v.;*•
•
-
Bell Teletype NY 1-053
2-8700
Tele. NY 1-1287 & 1-1288
REctor
Phones
Members New York Security Dealers
Wires to CHICAGO — PHILADELPHIA
Association
Reorganization Rails
(When, as and if Issued)
Bonds—
Investing Companies
Chicago Rock Island & Pacific¬
ist 4S
WI
Ask
Bid
FM
;■Keystone Custodian Funds (Cont.)
Aeronautical Securities
1
8.88 • 8.82 ■,
Series
1
Affiliated Fund Inc
—1%
6.87
7.51
Series Kp2—
——
Amerex Holding Corp
10
35%
37%
Series S-l_
—
American Business Shares—1
5.04b
5.52
■ - Series
American Foreign Investing_10o
11.23
12.18
Series S-3
—
Assoc'ted Standard Oil shares—
9
9%
Series S-4—
—
Mutual Funds—
Axe-Houghton Fund Inc
1
Beneficial Com
1
Blair & Co
Bond
Tr
inv
of
America
Fund Inc.
Boston
6
-
Broad Street Invest Co Inc—.—
Bullock
10.06
20.12
7V4
6
104.38
24.93
22.23
22.09
7
108.73
26.81
24.03
24.20
B
Fund
Axe-Houghton
9.38
18.71
—
1
Fund Ltd
8
4.90
5.60
33.90
36.45
15.91
17.21
Christiana Securities com—100 x3,180 3,280
Preferred
*
100
148
153
Commonwealth Invest—
1
6.69
7.27
1
•
1
Inv Fund Ltd
Canadian
Century Shares Trust
Chemical Fund
Delaware
Fund
1
-
24.01
22.21
~1
17.53
A—3
•
■!
Fundamental Trust shares
Corp
General Investors Trust,.,
General Capital
31.00
2.58
2.35
51%
l7.24
17.03
6.58
49.01
6
2
First
18.14
28.79
10
Corp—
Mutual Trust Fund
Fundamental Investors Inc
First Boston
29.12
27.23
Fidelity Fund Inc
,•
Financial Industrial Fund, Inc_
54
8.08
18.66
7.53
6.53
.
15.51
12 36
7.44
6.04
8.88
7.63
—
1
■
—
14.03
8.50
14.44
11.77
'
,
10.69
15.43
11.51
Chemical
Diversified Investment Fund— ?? 13.79
9.07
7.84
9.32
10.24
10.15
shares
—
Building shares
Chemical shares
11.15
8.41
13.90
6.96
9.52
——
7.65
12.66
6.33
shares—
8.66
——
Electrical Equipment
Food shares
—
Institutional bond shares
Investing—
Low Price Shares
—
—
Merchandise shares.
Mining shares
10.17
9.73
11.04
9.26
>8.85
10.52
10.32
9.24
12.17
5.70
7.49
3.71
shares
Industrial Machinery shares—
-
Petroleum shares
Railroad Bond shares
11.34
10.15
13:36
6.27
8.24
4.09
RR Equipment shares
—*- *tt5.61ic
-^Railroad .stock .-share*——6.13 ,
6.17
6.74
6.28
5.21
-
-
Tobacco shares—
shares
Huron Holding Corp
Utility
1
6.91
5.74
6.66
Steel shares—
7.33
1.00
80c
15.54
10.71
Diversified Speculative
—Electrical equipment
Insurance stock
"
Machinery —————Merchandising
Metals
*
Oils
—
———
9.97
8.62
'
Administered
4.75
4.57
7.15
17.94
Bank stock
Building supply
Business Equipment
6.75
11.43
12.63
16.34
9.06
13.76
7.88
9.97
10.19
Railroad
Railroad equipment——
Steel
i
Tobacco
..
_
32.14
1st 3-4s Income—1993
35.46
19.44
16.94
4%s,
12.97
„
J
„
Petroleum & Trading—
Putnam (Geo) Fund
Republic Invest Fund
3choellkopf Hutton and
on
20
17.14
4.49
1
1
Pomeroy
10c
Scudder, Stevens & Clark
" Fund, Inc
—*
Selected Amer Shares
2%
Sovereign Investors
——3
Standard Utilities ——10c
At-r
»
39
—100
T—,
76
78
corn-
28
30
,,
,
—
75
-■—
Denver As
99
Rio Grande
Preferred '
1st 50-year 4s
Income 75-year 4%s
61% '
63%
20%
22%
50
52
100
St Louis & San Francisco com-.
78
Preferred
7.26
7.53
58.20
'A
v
V
'
'-
>
trT
9.98
Insurance
32.92
18.14
18.60
Far
Aetna Casual & Surety
16.65
Afttnft
10
Aetna
13.36
r::i~
r*»
Hartford Steamboller Inspect.-lO
56%
59
Home
^
54
56
Homestead
80
•>-
American
Alliance
American
Automobile.,
American
—10
15%
nv*
10
99%
102%
20
37
Fire——.
10
32%
Maryland
10%
Massacnusetts Bonding
20
Merchant Fire Assur
12
Casualty
—
Merch &
Mfrs Fire N Y
Fire
19
National
Casualty
68%
National Fire
American
Re-Insurance
American
Reserve
10
American
Surety
25
42,
National
Union
3%
10
AutrnnnhHa
Baltimore American——.2 %
Bankers & Shippers
12.93
■RnstftW
.
2B
—^lQi;
.
6%
New
75
5Vt
(Detroit) —10
26%
28%
-10
62%
65%
—2
-20
6%
167
.177 *
2
31%
33%
10
31%
33%
10
52%
Fire
Amsterdam
Casualty
—
New York Fire—.»—
16.94
Camden Ww
23
24%
North
12.65
City of New York
10
23%
28%
Connecticut General Life
10
72
75
Northern
0
Northeastern
H 15.15
17.06
11.77
a
Continental Casualty
Crum & Forster Inc
■
'
17.94
9.96
15.11
Phoenix
70
74
.vfih 61
8.67
Fireman's Fd of San Fran
11.20
Firemen's
61
30
18.43
4.93
112%
,14%
15%
23%
25%
6%
—.
St Paul Fire & Marine
General Reinsurance Corp
lo
36%
38%
10
23%
91
14
15%
—.10
39
41%
Seaboard Surety
Security New Haven
Glens Falls Fire
.8
21%
51%
Globe & Republic
_B
Globe & Rutgers Fire com—' 15
2nd
preferred
Great
American
15
.B
Hanover
116.15
87
Reinsurance Corp (NY)..——.2
Republic
(Texas)
10
Revere (Paul) Fire—.—.10
Gibraltar Fire & Marine
14.25
65
—
Providence-Washington
64
108%
0
—
_.lo
Hartford
Fire—_
15.80
-
J \0
,
68
.
.
54%
10
10
Springfield Fire & Marine
25
11 %
Standard Accident
10
36
Travelers
95%
99%
U S
32%
U 8 Fire———,
U S Guarantee
9%
■
28% -u
30%
116%'-: 121%
.—100
Fidelity & Guaranty Co..2
—
4
7%
6%
30
32
.
74
77
54
36
118%
123 Vh
32%
35%
665
680
52%
50%
58
61
|,8Ti§:
Westchester Fire.
;.v
57
34
.
.
.
.
27%
25%
12%
33
30%
107
J
188
-v
S
Newark...
Fire..
102
—.10
93
55%
10
of
Franklin
59
183
7%
89
Preferred Accident.
10
26%
•
w..2B
Pacific Fire—..—
Pacific Indemnity Co_.
35%
20
Fire Assn of Phila
6%
0
37%
33%
.10
Fidelity & Deposit of MA
24%
10
34%
10
16%
-2.50
12.60
52%
•
Federal
'
7
15
8
30
Employees Group
Employers Reinsurance
9.38
10.96
River....——
B
12.56
13.87
8%
7%
4%
New Hampshire Fire
•
-
30
4
New Brunswick
71%,
11.75
-
19%
93
•
19 %
33
15.41
15.86
88%
28
-4
Liberty
National
of Newark
17%
l
12%
a
Monarch
American
5.09
9.35
-
40
21%
—4
Casualty
5
American Equitable
B
American Fidelity & Casualty.B
5.27
18.88
30%
29
■
—
Insur Co of North America
..
.
8.39
7.92
Bl«
f44-:-
Jersey Insurance of N Y
4"
9.88
10.08
Companies
loo
10
,
6.67
5.98
1 Ask
m
97
2D
T.ifa
8.16
5%
113.85
14.49
7.44
93c
Gnmmnn
Louis & San Francisco—
st
—
Chicago Rock Island & Paclflo—
■
fi % preferred
Income
92
38
40%
V,
8.15
1.01
"
State Street Investment Corp—-t
61.00
64.00
Fund Inc
100
1.91
1.96
1.06
24.48
25.24
Incorporated. Investors———8
28.84
32.09
Trusteed Industry Shares
25o
Union Bond Fund series A
Series B—
-
is.
r-
-
Income Foundation
Common
—
'
v:-"
i-:'
Ltd—
16.95
99c
1.11
16.78
34.53
16.54
AvlatlonOroupshares
Bank Group shares
^Insurance Group shares
A Stock and Bond Group BharesInvestment Co
if America—10
—1
Investors Fund O—
18.57
1.10
' 1.22
18.39
37.53
16.91
CuBtftan Funds—
Cevstone
wli
Series
B-2
Series
B-S—
Series
28.58
27.82
B-l
18.93
11.23
21.61
1.09
29.94
30.46
20.77
12.3 L
Recent
23.62
—
>9.23
10.09
Union Common Stock Fund B—
■
HamiHHm
•
,92
22.21
8.53
Public Utility
i
104
Agricultural
New fork Stocks Inc—
Agriculture
:
Automobile —
Aviation
—
0.42
Agricultural shares
AutomobUe shares
General bond
15.40
8tocks
1994
2019
Cony income 4%s
Denver &' Rio Grande-
"
1
New England Fund—
J
Grout) Securities—
i
17.68
|;3J
1
Balanced Fund
Stock Fund---
Fully
32.32
9.08
30.62,
16.87
17.02
—
Selected series
Speculative series
Stock series
Eaton & Howard—
*
29.27
-M.
Dividend Stem
Aviation
20.24
57.04
Securities-
Balanced shares
National Investors Corp.
National Security SeriesBond series
Income series
Industrial stock seriesLow priced bond series
Ask
.
6.79
127.50
Knickerbocker Fund --.—.
Loom s Say es Mutual Fund.—*
Loomis Sayles Second Fund—10
Manhattan Bond Fund Inc—
Common ---------—
1®«
Mass Investors Trust—
1
Mass Investors 2d Fund
-1
Mutual Invest Fund Inc
10
Nation-Wide
—
j
11.50
12.57
Onion Preferred Stack Pund_„
Wellington Fund
——l
25.22
Series
O
•
27.57
22.17
Security Issues
Bid
iik
Tenn Gas & Transm 2%S—1966
i960
96%
iony3
105 %
101 y8
102%
100%
102
Yonkers £1 Lt & Pow 2%s__1976
105%
Gatineau Power 3s
Light 2%S_1975
Utah Pow & Lt 2%s
1976
101%
102
Texas Power &
96%
1976
Calif Elec Power 3s———1976
^
American Airlines 3s.-
Bklyn Union Gas 27/aS
Unit Type Trusts-
Bid
Bonds-
100
100%
102
Diversified Trustee Shares—
2%S
1970
——1961
7.70
98%
99%
Illinois Power Co 27/aS__
1976
104%
2.88
b
—
2.80
Independence Trust Shares,—_•
North Amer Trust shares—
Series 1955
1
Series 1956———t
U S El Lt & Pwr Shares A
105%
Iowa Pub Serv 2%s
1976
101%
102
American Airlines 3% % ——
Central Maine Power 3.50%—
—
Preferred Stocks—
Par
x96%
101
104%
105%
Central
100
105
106%
Monongahela Power 3s
1975
106%
107%
102
103
Montana
3.34
3.28
22%
108 %
110
105
106
Pow &
Lt
4%
96%
103
103%
1986
101
101%
Ohio Public Service 3.90%——
1976
103 3/a
103%
Pennsylvania Electric 2%s__1976
1013/e
102
Philadelphia El Pow 2%s__1975
BANKS & TRUST COS.—See Page 1100
1975
Koppers Co $4Monongahela Power 4.40%—100
Mt States Tel & Tel 2%s
FOR NEW YORK CITY
102%
103%
Power
Gas
&
2%s
2%s
Coke
3%s_ 1976
99%
102%
102%
Scranton-Spg Brook 2y8s__1976
Seagrams (Joseph)
2%s
1966
: 98%;
98%
Sioux City Gas & El 2%s
101%
Bi«:.|.Ask
1%S Oct 1, 1950-1948—
1%S May 1, 1952-1950
1%S Jan. 1, 1953-1951
2Vis Feb. 1, 1955-1953-.
102%
100%
99^
100%
99j|
100&
—
100%
104
104%
(Okla) 2%s
1975
102%
101%
>
Bid
Oct. 15, 1946——-—-
tDec
15,
1946—
tMarch 15, 1947.
tSept. 15,
tSept. 15,
tSept. IB.
1947.
1947.
1048.
Ask
1%%
100.6
100.7
1%%
_.-l%%
100.6
100.7
...
100.20
100.21
1%%
100.12
100.13
1.%%
101
101.1
104%i
106
108
106%
'
bl,10 %
United States Treasury Bills
Other Issues
us Conversion 3s—
.1947
Panama Canal 3s
.1901
Figures after decimal point represent one or more
Bid
;
109%
M
—
100%
129
—
Rate* quoted are for discount at purchase
131
*%8 Oct. 1, 1946
—— ■t%S NOV. 1, 1946
S%s Dec. 1, 19461——
t%S Jan. 1, 1947————
v
f%s Feb. 1, 1947
—— '
V*yas March 1, 1947————- :•••
V rm April I, t947———— •
f/aS June 1. 1947
•$%S July 1, 1947——
t%s Aug. 1, 1947
—
V/oS Sept. 1, 1947 W;i———
Bid
Ask
.0090
.0169
.0168
.0220
.0221
.0234
.0282
.0095
.0140
.0152
.0148
,0179
.0205
.0324
.0261
.0414
.0291
.0414
.0460
.0600
.0246
.0444
0.28 %
Oct.
0.33 %
Oct.
b0.375
b0.375
0.33%
b0.375
17, 1946.
24, 1946——
—
Oct. 31, 1946————
0.33%
Sept. 19, 1946-.
Sept. 12, 1946-
Dollar Price 100 Fins
Indebtedness—
1946
b0.375
b0.375
—
Sept.
32ds of a point
MaturityCertificates of
Sept. 5.
Ask'
Oct. 10, 1946
Treasury bills—
Aug.
29,
1946.
Quotations For U. S. Treasury Notes
Int. Bate
102
*
Bid
Maturity—
108
103%
Federal Home Loan Banks—*
0.90%
—
——
100 %
1975
Public Serv
Federal Land Bank Bonds—
97%
Pennsylvania Electric 3.70%
107
Philco Corp. 8%%—102%*
Public Serv (Ind)
3.50%
—
101
Ruppert (Jacob) 4%%-——.100 108
Scranton Electrie 3.35103%,
Scranton Spring Brook 4.10%—
105
Sioux City G & E 3.90%—.100
106 •
Union Oil ' (Cal) $3.75
.♦ xl05%
Portland
Obligations Of Governmental Agencies
97%
Kans Okla & Gulf Ry 3%s_1980
Laclede Gas Lt 3%S———.1965
Ohio Public Service
———
102%
103
26.
—
1946—
Oct. 3, 1946—.
...
b0.375
b0.375
Nov. 7. 1946
,
0.34%
0.35 %
0.35 %
0.35%
0.35%
Nov. 14, 1946-————
0.34%
;
bO.375
0.35%
Nov. 21, 1946..
0.34%
.
b0.375
b0.375
b0.375
b0.375
b0.375
0.35%
—
—
cCash sale,
d Deferred delivery,
e Ex-interest.
fFlat price
Utensil Co.
k Removed to Stock Exchange, r Canadian market, s Cash
t Ex-stock dividend. ': (Un) Unlisted issue. - w d When de¬
livered.
xEx-dividend,
yEx-rights. •
(
z Formerly
Alfred Decker & Cohn Inc.; name changed to Society Brand Clothes July 29
1946, and common stock split on a 3-for-l basis.
a
g
lot sales,
Odd
Formerly
sale—not
Club
♦No par
dividend.
b Yield price.
Aluminum
included in range for year,
value,
tin default,
tThese bonds are subject to all Federal taxes.
*
r
,
,
,
'
fEx-hauldatlng
fHE COMMERCIAL & FINANCIAL CHRONICLE
Monday, August 26,
Week Ended Aug. 17
CLEARINGS
THE COURSE OF BANK
1945
Inc.
$
or
Dec. %
'an increase compared with a year ago.
Bank* clearings this week ..will show
based upon telegraphic advices from the chief
country, indicate that for' the week' eiided- Saturday, Aug. 24, clearings
of the United States from which it is possible to obtain weekly clearings
Preliminary figures compiled by us,
cities of the
for all cities
518,935
470,367
658,836
1,406,808
614,000,000
for" the coWespOhdihg week last year. Our preliminary
$12,187,562,946x against $lQ,499;i65,S0r for the same week in 1945.
there is a gain fop the week ended Friday of 42.1%. Our comparative
will be 16.1% above those
1,223,453
2,302,777
total stands at
At this center
for the week follows:
summary
1946
-
1,158,467
1,643,593
3,~748~900
—
"
'•
•
Clearings—-Returnsbjr Telernpk
New York———
$4,469,716,509
V: 415,550,361
+1^.3
561,000,000
+
316,543,126
+23.4
; 219,464,8811
210,262,904
+
161,100,000
+39.2
'
—
Kansas City
St. Louis
224,311,000-
,
,
f
17,711,500
2,467,419
4,467,905
Ban Francisco
293,119,000
242,793,000
+ 20.7
251,24^,830
203,590,975
214,579,564
—
5.1
616,432,633
Cleveland
205,474,622
198,278,450
+
3.6
141,668^123
126/204/010
-f 12.3;
$9,133,121,174
$6,916,027,924
+32.1
*1/651,730,57^
+20.0
Baltimore
Ten cities, five days
.2/001,934^40
Other cities, five days--—
\
Fifth^^..F^dejt$l;;Rbsier)ra
Virginia—Huntington
Virginia—Norfolk
$8,572,767,499
+30.8
1,926,397,802
—49.5
District
$12,187,562,940 $10,499,165,301
+16.1
Total
Complete and exact details for the week covered by the foregoing will appear
s
Accordingly, in the above the last day of the week
in all
(6 cities)
37i
Tennessee—KnoxvUie
Nashville^.
Georgia—Atlanta
Augusta..—. *
the Saturday figures are not available at time of going to press.
ends Saturday and
cases has to be! estimated.
Macon
however, which
In the elaborate detailed statement,
we are
present further below,
we
Total
Districts in which they ate located and from
603,868
+98.2
541,444
5,018,759
+65.9
3,596,529
+ 48.5
2,602,077
+86.9
5,247,130
4,329,470
3,290,667
}
In the Cleveland Reserve District the totals
+90.7
+61.0
The Chicago Reserve District enjoys-a gain of 50.9%,
7,555,074
29,854,725
+48.9
+ 59.2
1,388,035
10,230,341
+107.2
ReseiwDist^Ct' 57.7% and the Minneapolis Reserve District of 74.9%.
District the increase is 45.6%, in the Dallas Reserve
On the Kansas City Reserve
In the
following
furnish
we
SUMMARY
District*
Federal' Reserve
4
lit Boston'
1945
IS cltlei
*
.
«
«,075,192,501
10
"
803,609,026
7
"
714,720,786
10
w
,517,920,730
17
"
4
.***«*/_ -7
Motp 'Vnrit
Philadelphia
—w—
4th Cleveland
5th
6th Atlanta
:
7th Chicago
,•
8th St.
:
9th Minneapolis'
10th Kansas City-
.
'v
.
X'
riow add
268/259,89<
-
509,592,315-
+'59.9-
€30,425,748-
"
380,566,256
242,101/603
+ 57.2
294,378,559
314/773,68fr180^15311^-4^1^+
386,209,834
227,030,145
"
M
265,255,467
124,674,147
626/696,f49)
t
3,760,367,529
X'v
' i»V
First Federal RfcServrDistrlct-^BCStotti-
'
Maine—Bangor—.
'
148,013,873
-
w - •,,
Loweli^.
m-
452,199,871
182,600,000
71,322,832
39,536,651
160,800,000 >
67,177,815 i
35,861,825
1,173,635
•"
t
St; Paul-—
Montana—BMllngs
,Y-
Helena
:
4,254,^26,128
|..|
I ;•
:
'
'
'
-
„
.f; North Dakotft^-Fargo,
South Dakota—Aberdeen
8.511860830
4,425,282,150
^ ,r,mw
,
t.-Minneapolis^.—f
487,785,899
9,125,240^29
+93.9
977,732
242,101/603
5,425,227
223/597,362
\
i;
'
+20.0
919^076
"+57T2
5,658,622
2,662,951
i
,
.. - -....
..
f
A'i?
] v3^000
*
264/770€40'!
294,373^559
+33.3
.*
+ 78.1
+ 748.2
1,942,384"
1,728,172
+37.1
+57.3
i
4.224,732
+ 79.8
180,015,811
+74.9
212,118
+36.9
7,597,073
ti : rrrr—-r-r- '
Total
4,796,102
138,291,571>
44.603,828
2,741,904
+74.4
iv 2/718/314
•
■>
'i
4,070,817
128,177,340
#39/205,227
:
667,139
69,832,451
;
,
>—
\'
I;'"
—-■
v.,
.
^
-■"--■i.
^
■
1,690,841-
f
1.076,838"
4,054,156 1
.
m
314/773,686
r-c
107,255,240
••
-
-'
4112^
2,521/895?
;
+
901/457-
•-■
300/341/501'
CBimeettcntwaaftttforifli''tinl-i,>iiili;lr^
344,693'
1,002,367"
\ '967/958?
-
+109.0
'
+90^2"
1,379,301'
S,0^9;69C +90JS'^
413,172
2,383,307
Island—Providence—
; i
'
Hampshire^-Manchester^i—*, ;
,,U.
4,818,805
i;0i4i3l9'; /,
462,077,432' v
•
'
-
,
—^
Newarkl.—
Northern New Jersey—
Total (13 cities)!.......
+574.7
51,271,238
t
%
5,856,185
+42.0
3,830390,938
+733-
17,610,529
$',566,159
10,572,569
.
5,478,283
+ 93.0 V
6,628,464'
+ 28.0
309,192
20,248,524'
+7l'.i
+74.9
26,731,246
+60.8
8,485,351
:
IS
,
r -
528,939
"V' 35,414,833'
42,994,016
6,875;i92,502
%
.
-
*
61,259,089
954,314
1,231,025
4,257,434,502
11,867,275'
-
817,240
,
4;699,958,570
;
;9/436,243
:
.
6,484*027'
5,563,540
V
6,977,268
391,608
25,153,988'
37,340,318
_
>,444372
1,033,465
-
+ 84.1-'V
3,968,120,67r ?+73.3
6,527,167
'
67,754,000"
'
+-66.4'
'
1/494.991
-
+61.0"" '
786,268'
1,004:476
•'
358,627,552
J
+73.1-
6,"648,9i6,565'
Rochester>■-
€fa®mectlcut+^taitiford--i^^_v_:
8,439,495
;
4,835",543,629'
,
1,806,359
i cqt no^
"
,
386,209,834
•
189,425
287,567*
3,853,74880,263,478'
3,060,295
+19.1
+ 40.0
+54.0
2,156,650
+147€
6/149,780 w+35.5
184,323,835: +41.7
5,621,522
+ 50.'1
1,037,848
+74.1
6,817/645
+78.9
75/737,156 v
2,933,731 I
5,338,706' <
194,732,706 H
309,833,407
'
.
-
v
198,903 !
197,030'1
3/873,155';
•
:
207,306,786
5/865,877
1,109,035
979,551
+45.6
942,801
"
?
; 5,502,253 +
"1,135,798 '|
868,247
—
265,255,467
290,518,685
Eleventh Federal Reserve! Dlsiriet^DSllas^'
^
810,306
.
l.SSlrlSO1
1,671,730
-
Syracuse^—
N9w Jersey—Montclalr—:
799,121
4,824,'699'
1,269,660'
.
New York...
261,200,123
f- J Tucal <10 "'Meal '-
,.
14,842,300
373,939,326'; +23^354,219,333
i
5,343,457
"
...
-
:.Pailas.^^.
Fort Worth—
5,525,435
^ 534,787 ' +89.7
;■
——V'.
St. Joseph-...^-^..,..^
Colorado:—Colorado- SpfingS—
'12^064-022
■
14,668,400
+'75.7,
2,300,99l?72,787365"
.
'
,
./
.;3,704,656
5,739.978
32,550,050V
■;
Rtnghatfatdn„ll--.r.,.r;ll-;;-,fc/
Buffalo*_^^«^,
+ 86.2
12,264,700-
Beeond Federal Reserve- Dlstrlet^-NeF Fork—*
Jamestown^—i
.
407,994'
4,036,681
60,368,239
485/975
V5,€51,742
M92^69,465'
;
.
^
-,y,
„
Galveston.,..—
„V,
u;
,,
—r—:
Wichita Falls
.
U
6,308,80,7
.
309,441
24,638,201
32,923,978
<407,636,900
*
+-
Total (6 cities)^—,
:>..v
„
/„•
,
.m,-,.,
2,3:
*
2,361,1$8 +171.5
99,434,000
+ 85.6
19,779,989 ~ + 60.5
2,687,000
+52.9
+56.4
.1,483,299'
7/5'
4/928,661
v^yirri-irr
227,0:
124,674,147
-
-
--t
S.. 6,41
184,5:
22,l:
.4,1
'
Louisiana—flhrevgpnrfcl^
,i'^i X-
„
.
—
290,304
^
"y*
2,698,615
10,281/1781" +103:2-- "12/626^606-
21,548,400
^s.,
+ 81.3
-
,jf
1,270,040
3/679,010"
2,533,144
8,972,996
...
^
^
:-
l:L Pn*Mn
031/781
€46,920T
6,874;7071;1;
20,892;508
V
.,
Missouri—Kansas City
3,446/709
312,283,7811
'
-
,
,
Blncolp..
Omaha
635,830
3,075,058" > "•
,
+ 71.0',
^
:
81.3'
4,593,427
y v
•
—
i
;
••
5*12/164 V:
+16.1
334,281/391
'
2,059,!067i
Springfield.—
Worcester———
Tenth Federal Reserve' Dlstrlei^FatUat'CltV—f
Kansas—Topekai...
^720,509
* :".'i
im*t"'_
^
|Hastings—
1943-
1944
Dec. %
700-217
1,761,442
.
■
5 NebrBska~-Frerfinnt
'
:
+45.2
+67.7
380,566,256
"'
Minnesota—pulhth.*
132,080,089
11048.-.. ;.v.
♦
4/571/700'
New Bedford
;
65,196,231
^
.
388,631,384
Fall RlverL-^^—
RbW York^Albany^^.,
96,396,390
hntutk Federal Rearrve Disiriei^Mlnneapoll»-»'
|
290,518,685
%
J',4SS;«80''
Portland^-*—
Massachusetts—Boston.
„
150,000,000
57,495,078
33,620,793
217,800 000
Tptol 14 Cities).
190/255,240
+ 55.5
^I^MriUsticifr$
(12 Cities)—
582,798,160
264,770,640
,
309,833,407
7,600,258.467'M +64.4
5,846,433/236*
-1
+45.6
+82,1
^4^08tl6$h ^464l-%
12,495,351,801
■
Total
630,425,748
-
Week Ended Aug. 17
Rhode
+59.9
5,240,408
1,946,028
s
detailed statettient showing the figures fop each' city for the
chip
Haven—
2,198,939
582,798,160
.
Week ended Aug. 17 for four years:
New
6,094,763
2,255,674
1,945,745
1,539,635
Xrals—
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy„—,—
260,453,541
.
**
/' X
.
€16,432,633 '
236,508,700^ 4571-
Eight* Federal Reiierv¥DIsfr!et~Sft.
Missouri-—St. Louis
627,140,136
545,358,937
816,065,739
111 citiesv
X* \ I v
358v«27,5S2
4,467,630,900
357,134,851
| Oatsld(i^Yb«E3eit^-s.sstiia.w'iuai
•;
+90.4
+97.6
+59.9
+110.0
9"
40i;627,934
12th Ban Francisco-^—* 10
We
-
+ 47.'4*
6
Total-
4 54;5
462,581,106
539,797
464,608,287
509,592,315
<;194T
:%
351,392,860-
«*40
lltb Dallas
.
371,488,909
-
'
1944
$ •'
..
373^39,32S J 423;^
354/219,333'
3,968;120,67e f 73.3' 4,835,543,62$
457,089,291 +75.8
614,980,338 •
462f077;432-
.
%%
2d
3d
a
1,615,851
Inc. or
Dec. %
€
:
,
+55.8
+ 76.2
1,778,833
13,179,360
6,562,612
b
1,347,972
5,487,488
2,044,460
OF BANK CLEARINGS
1946
'
3,660,883
7,661,839
31,077,145
9,611,033
34,318,660
2,187,338
12,431,015
6,440,585
492,914
506,830,15.7
1,583,644
+80.8
405,911,602
519,409
4,794,632
4,176,177
2,884,176
30,430,000
28,959,000
3,866,509
+116.5
5,658,150
456,880
by Federal Reserve Districts:
a summary
Week Ended Aug; 17—
•
District 46.1%.
District 82.1% and in the San Francisco Reserve
;
s
193,174
83,060,878
2,949,504
the Sty Louis
:
cities)
(10
23,271,000
Reserve District by 47.4%*
■
401,627,934
400,704
2,263,016
1,783,392
45,421,972
59,827,456
4,729,483
larger by 54.5%, in the Richmond Reserve District by 57.1% and in the Atlanta
are
-
351,392,860
5,618,237
—
York District (including this city) the totals show a
Philadelphia Reserve District of 75.8%.
New
517,920,730
2 QQC Ol tz
63,131,130
71,485,376
—
expansion of 73.3%, in the Boston Reserve District of 23.6% and in the
record in
.
101,829,472
3,415,519
'
Louisiana—New Orleans
Outside of this city there was a gain of 55.5%, the
We group the
cities according to the Federal Reserve
'
12,562,214
35,686,349
156,100,000
center having recorded an increase of 73.2%.
this it appears that in the New
1
10,946,574
27,869,457
142,700,000
2,267,113
2,129,490
43,128,911
47,417,500
3,924,752
216,581
70,792,482
Mississippi—Vicksburg
clearings for the whole country having amounted to. $12,495,351,801 against $7,600,-
bank clearings at this
13,209,045
197,800,000
Mobile.
For that week there was am increase of 64;4%, the aggregate of
258,467 in the same week in 1945.
260,453,541
58,035,032
•
Florida—Jacksonviile—
Alabama—Birmingham
complete results of the week previous— the week
able to give the final and
ended Aug. 17.
268,259,894
62
Sixth Federal Reserve
District—Atlanta—
We cannot furnish them today, in as much as the week
issue of next week.
our
1,935,762
144,643,413
37,215,910
jso
,
Columbia—Washington^
1,225,740
5,238,000
74,563,490
1,841,612
141,680,884
35,903,815
76,447,806
2
...
Maryland—Baltimore
of
1,403,003
6,614,000
g
114
South Carolina—Charleston.
972,507/326
Total all cities for week-
2
Richmond—
$11,215,055,614
Total all cities, five days.
All cities, one d&y
Distrlet~*Rlehmond-
West
'
in
\
225,270,083
4.4
Pittsburgh
.
•
4,743,176
110,524,720
9.6
615,000,000;
390,643,248
;
Philadelphia
•'
>
+ 42.1
487,325,241*
V'
Boston—
'
%
$6,352,518,984
—
Chicago-,
.
1945
1946
Week Ending Aug. 24—■
■
*
627,140,136
<
.
; 2,390,940
120,400,000
15,403,197
vi 3/289,000
1/280,081
+53.1
5/250,640
+82,1
2,285,187
;
;
108,010,647
13,074,888
3,015,000
v
-
:
-
^
-
1,239,111
4,449,256
148/013/873'132,080,089
*
Volume 164
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4519
Af Company and Issue—
Foreign Exchange Rales
of the Ta riff Att of 1930, the Federal Reserve Bank is how cerof the
reeord for the week just passed:
FOREIGN EXCHANGE BATES CERTIFIED BY FEDERAL EES ERVR
;; v/ >•
g
BANK TO TREASURY
UNDER
TARIFF
Rate for4 Cable Trabofers in New York
Noon Buying
■■■■■•
:
v.
■
Continental-Diamond
..
.
.
.
,
Aug. 16
,
OF
ACT
<4%
Aug.'19
"
1930
1'
i
■
"
i
■
Aug. 21
Aug. 20
V -
:
I'
i
4<nf?ir?n?' Pe8°~
Aug. 22
.297733*
.297733*
.251247*
.297733*
.297733*'
KlgtumNrai^^
BrSfflclaL!!l.r.(^l-
.251247*
••
'Closed
■:
.022845'
---
/::/■
.
.251247*
'Tr'
.297733*
>
1'
.251247*
.251247*
3.214113
3.214113
3.214113
'
Ref.
'
.022845
.022845
-
.054053
.054053
—
~+
.053360
-
.054053
1.000000
■"
~ k 0 r u ruf-TL --*1"1
,969687
^.570066*v
'Dound'sterfing"
.
3%
Closed
4.033671
-----
.570066*
.020060.
.208765
4.033671
4.033515
.008407
,.008405
.008406
.301824
,301723
.301824
**
.205979
.205946
.206013
.377892
.377893
.377892
.377892
1.000000
1.000000
■'
'
'
**
•'
Closed
1.000000
Vlliciai
.966041
7"""———
ooundT"
3.227000
3.227000
.201612
.201612
.201611
.040501
.040501
.040501
.091323
.09i323-
.091323
.278180
.278181
.278208
.278208
.278208
.233628
.233628
.233628
.233626
.233628
.091323
-
-
4.005000
.658300*
^Controlled—-
thousands
(In
ber banks.
1945
certificates
fund
for P.
R.
—
+
70,739
+
171,180
advances
33,083
1,059
17,889
loans
5,131
Govt,
89,030
17,889
+
(In
millions
of
Notes
—1,119,350
755,290
Bonds
i
Assets—
'
Total
Due
from
83
banks
foreign
Uncollected
Other assets
Total
32,852
-
——T
assets
+
'+
+
229,743
2
—
to
chasing
brokers:
or
and
carrying:.
tJ. S. Government
1,103
—
1,434
.
+
dealers
for
obligations
■
840
—
616
44,589,401
;
U. S. Government
+1,549,274
-372,577
obligations
Reserve notes
24,338,725
—
4,686
+
644,544
74,877
+
—
+
941,503
+
11'
+
+
44
+
1,963
+
1
+
760
+
93
—
701,963
548,443
16,797
130,790
Treasury certificates of indebtedness
Treasury notes—
60,197
468,276
U. S.
76
deposits *
Deferred availability: items.,,...
OUier liabs., incl. accrd. divs.—
+
161,230
+
15,274
+
17,724,041
1,868,054
i
■
.—242,619
+ : "
410
11,295
liabilities—l
«>
—136,597
43,942,115
■f
.
503,667
'obligations) _i.—
298,309
+
'
1,523
+
—374,120
+
Capital Accountspaid in
Surplus (Section 7)
Surplus (Section : 13b)
Other capital accounts——
Capital
'
+
81
+
27,428
.
.
.
12,561
+
.
358,355
130,202
+
'
1~462
77,311;V
608?
44,589,401
.+1,549,274
Interbank
6,678
+
>'63
-
/
in
:
s.
n
Gov't
727
282
282
l
-
•§2822
.
Co.,
1951
.•»
;
,731
695
731
11244'
1
961
1958-Sep
1st mtge. 4'/2s due
Oct
1
J276J
—
:I276i
debs, due 1965_Sep
bonds, due 1968
Sep
596
>/1131.44
—Oct
>J201f
Sep
87C
'
'
Sep
series
870
due 2022——July 1'47
A,
this
issue.
$Ih
Vol.
161.
8In
J249C
1'
1
12905
Vol. "162,
tables.
are
grhuped in two separate
bring together all the dividends
we
current week.
+ 1,359
++6;37I
/•'+T2T'
—
Then
follow with
we
.
■ 5.;,
In the
announced the
second
a
table in
ord of past dividend payments in
many cases are given
under the company name in our "General
CofporatloE
and Investment News
Department" in the week when
•declared.
-;•■->'•.
»■;»»
258
+
21
+
+
Sir
we show the dividends
previously announced, but
which have not yet been
paid. Further details and rec¬
+1,634
204
67
—
deposit accounts except
8.
Dividends
first
94
—
+',15;:-+
9,564
U.
280
Z::
DIVIDENDS
260
-+.;.?6. •;
.
237
and
422
140
+
9
+
1,280
demand
683
K
>113136
& Sons, Inc., 3V*%
+1,768
28
+
10,207
;;
§1513
•
which
Foreign banks
Debits' to
Vol. 163.
489
'+
+128 >
39,078
Domestic banks..
41,795
.—372,577
Water
•Announcement
"
Borrowings.
Total liabilities fit cap. accts._
Ratio of gold certificate reserves to deposit
and P. R.
■
,
A fis;
—Oct
Walworth Co., 20-year 1st mtge, 4% bonds due.
1955^-Oct -
77
3
—
2,230
U. S. Government deposits.
Interbank deposits:
263
'
fis
United ^States Plywood Cprp;—
,4%.% "preferred stock,; series
294
,
86
+
10,194
Demand deposits adjusted
Time deposits..
'
184,192
„
:
44
+
3,458
Liabilities—
1,448,043
-
•
55
—
27,015
Balances with domestic banks—..
827
for: 683
—1,553
—4,652
—
4,853
Reserve with Federal Reserve Banks
Cash in vault
a
:,1I3417
:f./;
1
Sep
'
,
(Including guaranteed
Other securities
Total
681
U- 555
873
8,832
—
bonds
553
554
B, due 1947-——Any time
J6%-- grold debenture bonds,
57
+
€79
.
•
528
—
177
—
540;467
--
28
—
1,349
Treasury bills.
15,933,168
U. S. Treasurer—gen. acct._
"'Foreign
******1^'*w** ** *****t—wk «*** tfa— "
>
225
h—
—Sep
—
~20-year*S % gold notes- due 1948——u
Sunray Oil Corp., 3%%
debentures, due 1959
Superior Oil Co.,
3'debentures, due 1956—
Texas Power fis Light Co.—
■524
—.
452
Other loans
..
Total
21
■—51
1,300
Loans to banks
■
Deposits: H
>-Member bank—reserve acct.
•
2,346
+
Other loans for purchasing or carrying:
Real estate loans—
federal
+ 159
—
series A
Southern Pacific Co.,
40*-year 4y2%
Standard Gas fis Electric Co.—
pur¬
Other securities
Liabilities—
1,986
+
preferred stock,
Seagram (Joseph E.)
-
Other securities
11,004
115
678
§2142
w: ■ 1st refunding mortgage 5s, due 1965—Oct
and agricultural
8,295
Loans
34,281
+
—243,792
53,703
Bank premises
3~325
—
2,242,912
items
Industrial,
—3,184
27
—
124,993
R. notes of other banks—
P.
Commercial,
+1,035,829
—127,323
23,734,099
and securities—
loans
$
+ 124
1
Service
Spring Brook Water Supply Co.
$
59,910
_
1961_Sep
—
Scranton Gas
1945
14,992
]
Loans—total
4
1951—Any time
Real Estate Co.,
Inc., income debs, due
Scran ton-Spring Brook Water Service
Co.—
Aug. 15,
1946
$
Loans and Investments—total
+1,190/147
89,030
—
Aug. 7,
1946
359,152
—
23,485,836
Total U. S. Govt, securities
Aug. 14,
due
5s ciue
Schulte
Decrease (■—) Since
+1,494,128
678
678
& Electric Co.—
v '
1st lien and ref. mtge.
5V2% and 5% bonds—>—Sep
1
Phillips Hotel Operating Co., 1st leasehold
bondL——Sep 15
Public Utilities Consolidated
Corp.—
1st mtge.
5l/2s due 1948
———Sep
1
Riverside & Dan River Cotton
Mills, Inc., 6% pfd. stock.Sep 19
Rochester Telephone Corp.—
1st fis ret mtge. 2% % bonds, series E. due
1960
Oct
1
Increase (+) or
+1,174,523
7,771.637
595,600
—
(subordinated)
Pennsylvania Gas
dollars)
securities:
Bills
-Certificates
415
Utilities
Public
*$6
Aug. 14 ag¬
on
549
.
$5.50, preferred stock, series B
Northern New York Utilities, Inc.—
1st lien fis ref. 6% bonds," series
^
'
1
-'
member banks follows:
2,188
—
V
Oct
Co., 5% debentures due 1968
Sep
1 :> 727
Hoppers Co., Inc., 4%% preferred
727
stock——Aug 31
Liberty; Aircraft Products' Corp., $1.25 preferred
stock—J3ep
5 I :
558
Masonite Corp., preferred stock
Oct
1
955
Mead Corp.—
^ ^
- 7
of the assets and liabilities of reporting
A summary
170,019
—
79
>
Borrowings increased $5,000,000 and
*
v.
bonds due 1948
Haverty Furniture Cos., Inc., convertible preferred
stock-Aug 25
Hiram Walker-Gooderham &
Worts, Ltd., pref. stock—Aug 27
Illinois Power & Light
Corp., 5Va % deb. bonds due 1957_Sep
1
Indianapolis Union Ry.—
Ref. & Improv. mortgage, series B
3%s, due 1986—Sen 1
Idwa Electrio Light' & Power Co.—
1st mtge.
bonds,' 3 y2 % series A, and 3V*% series B—Aug 26
-
gregated $237,000,000.
90,375
+
2,332
+
229,315
Acceptances purchased
S
100,441
14,363,309
Industrial
Q
+
1,905
+
18,100,007
300,752
ctf. reserves
and
5,451
3,546
17,345,756
754,251
Discounts
.562716*
adjusted declined $85,000,000 in the
$43,000,000 in the Philadelphia Dis¬
trict, and increased $50,000,000 in the Kansas City Dis¬
trict, $32,000,000 in the Chicago District, and $22,000,000
in the Dallas District; all reporting member banks re¬
ported an increase of $9,000,000.
Aug. 22,
1946
1946
cash
.658300*
■
Page
3y2s, due 1966
Aug, 29
Co., sy2% 1st mtge. bonds, due 1948_Sep 'T
Jersey Ferry Co., preferred stock
Sep 30
Investment Co., 1st mtge. 6s_;
Dec
1
El Paso Natural Gas
Co., 7% preferred stock
:
Sep
I
Franklin Simon & Co.,
Inc., 7% preferred stock
Sep 12
General Phoenix
Corp., 4% conv. subordinated debs
Sep 16
Great Lakes Paper
Co., Ltd., 1st mtge. 5s, due 1956
Oct
1
Great Northern Ry.—
4y2% gen. mtge. gold "bonds, series E, due 1977
July 1/47
Iowa
Aug. 14,
Aug. 21,
Other
.562716*
>
Delaware-New
Demand deposits
Cleveland District,
dollars!
of
Awets—
gold
.658300*
.562716*
Date
Dierks
trict, and $76,000,000 at all reporting member banks.
Holdings of Treasury notes declined $39,000,000 in the
Cleveland District, and $55,000,000 at all reporting mem¬
Reserve Banks Combined
Redemption
.658300*
^
.
mortgage
Citizens
**Temporarily omitted.
Statementef Condition of thej 2 Federal
-Total
1st
4.005000
.562716*
6%
Butte Electric & Power
Co., 1st mtge.
Central Arizona Light & Power Co.—
,
rate.
•Nominal
4.005000
.658300*
Closed
.562716*
■■Honcontrolled
4.005000
20-yr.
25-year debentures series A
.201611
.040501
.091323
-
4.005000
"
3.227000
3.227000
Uruguay, peso—
Sold
.967500
.040501
-
;&■["/■
'
————Oct 15
Burns Bros.—
South-Afrka, pound
Union Of
'
.976500
.201612
PnSal escudo
1
Rna(nneX
flSn S
7
Switzerland,fr7n7-777_77-
.
..967500
1
,
Power 8t Light Corp.—'
' t ; , ' ,
stcok, optional dividend sexles
Oct
1
1st mtge., 3y4s, series E, due 1904
Sep
3
.'■Bessemer Limestone & Cement
Co., 6% preferred stock_Oct
1
Blumenthal (Sidney) & Co.,
Inc.. 1% preferred stock—Oct
1
Bridgeport Gas Light Co., 3% debenture's due 1952a—
Aug 30
1.000000
'
-
734
Convertible class A
.377893
1.000000
—
Armour & Co.,
.206013
.967708
3.227000
7
rr~
'
1964
1971
CALLED
American Cities
:*
..
due
■
Laboratories, 4% preferred stock
1st mtge. and col. trust
dollar
ZeaTand
466
bonds
bonds due
Albany Perforated Wrapping Paper Co.—
.301812
-
.206013
;
Netherlands, Yullderl"-!™
(tew
869
bonds, series B, due 1995. .Sep 18
Supply Co., 3 '/4 % debentures, due 1955-. .Sep
1
Company and. Issuer
.008406
.
.301736
—
~—
lira
So beso""®
HrZwfv Sne
731
1
3y4%
1st lien & ref. mortgage
Abbott
4.033593
955
1
.570066*
.020060
684
Sep
trust
ENTIRE-ISSUES
-.208765
,
4.033671
.008405
-
.570066*
681
684
.Oct
& collat.
,
Union
.970000
.208765.
,
419
426
ref.
1.000000
,
.970000
.020060
.208767
.
1.000000
-
...970000
-
.
.020060
.203765
———
-
1.000000
.
;570066*
.020060
—
krone
^ance (Metropblitan) franc
toSia (Hf!rupee
Italv
1.000000
: .qnaanfi
-
.
—r^
Sneland
&
Western Auto
.
680
681
8
r
'
-
,
Sep
Depot Co.—
mtge. series B 3'/«%
Virginian Ry.—
*
Xnmart
Paul
1st
.022845
.054054
:
trust
mtge.
Saint
3.214113'
.022845
Co.—
debentures
4'/a% ' bonds,'due
Pennsylvania Water & Power Co.—»
'
C Z e c ho si ov a k i a,
convertible
'Collateral
;AurtSilT"3.214113
Fibre
13130
due I960———
.Sep
1
Raynolds Co., Inc., 27/a% debentures due 1965
.Sep
1
Elgin, Joliet & Eastern Ry.—
i
Ust mortgage 3V*8, series
A, due 1970——-—
Sep
3
Empire District Electric-Co., 1st mtge. 3y2s, due 1969- .Sep 1
Hygrade Food Products Corp.—
•
,
(
1st & ref. mtge. conv. 6%
bds., ser. A & B, due 1949 .Oct -T
International Paper Co., 5%
preferred stockAug 27
International Rys, of Central America—
"1st mortgage 5% bonds-—..
NOV
1
Northern Pacific Ry.—
-
.
.I,
Aug. 17
Page
1
'
Value In United State* Money
)
r
.
Date
series D, due 1962 .Sep
Devoe &
AUG, 16. 1946 TO AUG. 22; 1946, INCLUSIVE
Country and Monetary Unit
5
<
:
u
RR.—
1st and ref. mortgage 4y4%
bonds,
^yingv daily - to the Secretary of the Treasury the buying rate for cable transfew in the tiifferent counts
world. ' We "give below a
J
Chicago & Western Indiana
Pursuant to the requirements of Section 522
•
1119
The dividends )announced this week
accounts,
are:
.
note
liabilities
Commitments
combined
to
make
during w»w»lr.■: ^f...•
43.0%
-
+
-.1%
>\T
__
;
.
.
: 6,142
+
40
/
+
Redemption CaRs and Sinking Fund
•.»
1
*
■
,
_
/
;v1 1
i
Notices
•
v •■•ft ■'
V.V:: </-
^
000,000 in deposits credited to domestic banks.
^Commercial,; industrial, and agricultural
Below will be found
which the details
$49,000,000. Loans to brok¬
purchasing or carrying other securi¬
ties declined $51,000,000. A '-.77 v:
*
.y;7.:
; Holdings of
Treasury bills declined $33,000,000 in the
Philadelphia District, and increased,$44,000,000 in New
York City, $24,000,000 in "the
Kansas City District, and
$93,000,000 at all reporting member banks. Holdings of
Treasury certificates of indebtedness declined $44,000,000
In New :York -City,l$24,000,000 in*the Philadelphia Dis-
t
——
^Uable,
or
*mmm mm mm
PARTIAL
Company and Issue—
Aireon lA t g; Co.,
———w
Date
952
Cyanamid
Co.—common
—
1
551
Hawaiian
American
American
-
series of 192.9
Brooklyn Union Gas Co.; 4%'debentures "due T969-—Sep
7
822
Carolina, Clinchfleld & Ohio"Ry.—
v
\
*lst. mtge. 4s, series A, due
1965-——-Sep
-3
416
.
;
'6%
Home
American
Locker
"$1.50 non-cum.
1%
^
3
9-30
9^14
10^ 1
c<9-10
.
5
50C
10-
1
9-14
25c
10-
8-30
1
9-
10-'t- ;
4
9-" 4
$1.25
9-14'
>
$1.25
9-13
$1,12'A
—
8-31
10-15
30c
/ 9-30
v>
25c
10-
::
9- 3
9-24
1
9-11
"
75c V
Co
(monthly)———
non-cum.
preferred——
Class
A
Co.,
(quar.)
'> "v
•
20c;
$1.50
9-14
10-
1
-10-15
: 10-15
$1.50
———
Co.— v ;:
Locomotive
preferred
5
9-
—
(quar.)—
Steamship
Products
Ice, 6%
9-
-12%c
(quar.)—
Corp.
:
cum.. preferred
American
s
'
Hardware
American
415
Bep '2
preferred stock———Oct
Blue Ridge Corp.—
\
Optional $3 conv. preference stock,
American
9-
9-16
"25c
'preferred-■
;-:f -$4.50 preferred B
9-16
9-14
.68%c.
(quar.)_..
^^>5%■:.preferred
Amerioan District'Telegraph (N. J.)
Common;
(quar.j
*269
1
1936.
l/16th .share -of- Class B-stock__—
class A-j.-_-_
American
Page
60-centconvertlblepreferred stock----Aug * 31
Bangor Hydro-Electric Co.,.6%
>. 8-20
350
convertible
Co.L-i—
REDEMPTION
8-21.
9-
8-20
$1.25
Export1 Lines, Inc.—.
American European Securities—
-
>
:
;j$L50
Colortype
*5%
9-13
1
9-1
5C
.
common-——
American
§2824
9-16
5c
(quar.):
Page
"727
10-1
9-
3
3,
$1.25
^mmon
,rr
-9v3/'
■>; 19 -
10- 1
87'/2c
American
and dealers for
Cash
9-17
9-16
-r'-'W
$1.05
pfd. (quar.)
pfd. (initial)
American Cities Power fic Light Corp.—
$2.75 Class A (opt. div. series) of
n
-
preferred
v
9- 6
-
9-16
y
conv.
Amerioan Cigarette & Cigar,
:
i€% preferred (quar.
i$3
Date
Caribbean'Sugar Cor., lstmtge. -7 % bonds, due 1941—-^Sep ;9
Lackawanna Lauttdry Co., Tile.; :jgt (closed) mtge.
eVas.Sep
3
St.-Joseph -8s Grand Island Ry.—
1st mortgage 4% bonds due
l947_——A.
Any time
ernment securities declined
-
^American1 Chain ■&
5%
:
15c
>25q
75c
'Airlines,-3Vi%
v
9- 6
9-30
12'Ac
com.. (quar.)_
American Beverage, 20c prior pfd. (quar. )_
4%
convertible preferred
(accum.)
NOTICES OF TENDER
'Company and Issue—.
Bearing,
of Rea.
M.S.- '
•9-30
'
25c
^Quarterly
-American
given in the "Chronicle."
were
Roller
Alabama Power Co., 4.20%
A,
list of corporate bonds,
notes,
stocks called >for > redemption,
in¬
creased in all districts, the
principal increases being
$52,000,000 in New York City, $30,000,000 in the Boston
District, $20,000,000 in the Chicago District, and
$17,000,000 in the San-Francisco District; the total increase
was $159,000,000.
Loans for purchasing or carrying Gov¬
ers
^
&
"50c /
Convertible preferred 6ouar.)—
Agricultural Ins. Co. of "Watertown, N. Y.)—
preferred and common
/including those called under-sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
$127,-
loans
a
Ball
Holiert
Payable
'
5%
>;
■
Th6 conditibn statement of
weekly reporting member
banks ;<jf the-Federal Reserve System in 101
leading
cities: shows the following;
principal changes -for the
■Week-ended Aug. 14: Increases of
$115,000,000 in loans,
$128,000,000 in balances with domestic banks, and
Aetna
When
Share
Abbott" Laboratories (ixtcreksed qUar
,,
VExtrh -l-i—
Aerovox Corp.
(quar,)———„__A——
>+1,286
Conditioii "Slatemeiit of Utember Ranks
*
Name of Company
.8%
indus¬
trial Umns
«
Ffif
14,068
3-30
-
>
9-14*
10-
1
10- 1
:
(quar.),_^,
—
common..—_.i
50c
35c
?$1:75
9-7
r
>10- 1
xu-x
8-30
9-
5
"9-5
■
THE COMMERCIAL & FINANCIAL CHRONICLE
When
Payable
uf Reo.
ret
I
Name of Company
,
American
Power & Light,
Sumatra
American
Telephone
American
Vitrified
$5
Foods,
Extra
Basic
^
&
Brewing
?
Co.
(E.
& Sons
J.)
"Brager-Eisenberg,
&
■California
Ink
5%
Calumet
y,/
&
9-16
9- 2
9-24
9- 6
50c
9-24
9-6
$1.25
10-
1
1
9-7
50c
9-
3
25c
9-16
—
••
10c
9-20
9-10
9-16
9-
9-16
9-
3
50C
10-1
45c
;
:
;
(quar.)—
Copper—
Co., Ltd.—'
4
9-12
t20c
■;7%
preferred (quar.)—
1
Canadian Western Natural Gas, Light,
10-1
8-30
10-31
9-30
10-15
9-13
Heat
8-16
9- 3
$$1.50
& Power
4
*
■
share- held
;—
—
—
"loo
Catalin Corp; of America—
.———
Central Maine Power com.
(irreg.)
30C
—
Chemical Bank
&
Trust
Chicago
;
7%
preferred
C. I. T.
Koehring Company
8-30
Lake St.
10- 1
1
9-
6
9-25
9-
4
9-
4
50c
35C
(quar.)
—
9-25
;
30c
Financial Corp.
9zX6
(quar.)
8-26
9-20
10-1
50c
,
9-10*
9-14
t
8-31
9-30
15c
"400
~.
8-31
'
10- 1
$1.75
———^
City Auto Stamping Co. (quar
City-Ice & Fuel
City Investing, 5 VA %
9-1$
$32
9-14
preferred (quar.)
(stock dividend)
)1.37%
1
9-18
9- 5
8-26
Cleveland Graphite Bronze com.—;—
50c
9-12
$1.25
9-12
8-30
25c
9-14
9-
9-25
(quar.)———
preferred
Cleveland
Cluett
Quarries
(quar.)
Co.
(interim)
Co., common
Peabody &
50C
—
(quar.)-—.
.—-—*
Coleman Company
coin.—————
44:- 4%% preferred (quar,) *.
$7 preferred
4. Columbia
44 Extra
Pictures
;
,
Credit
prefeiyed (quar,)
——
———
Compo Shoe Machinery—
Com. voting trust certificates (quar.)
*
Consolidated
Chemical
Industries,
Inc.-—
44/ $1 partic. pref» Class A (quar.)x
....
Consolidated Cigar Corp.—-—-———-—Consolidateed Rendering (irreg.)
Oil
Co.
Continental Steel
.
(Del,)——
Corp;
Corroon & Reynolds $6 conv.
8-19
Minnesota
9-13
8-30
9-16
8-30
(increased)
9-14
8-30
8-31
5%
9-16
9- 3
Monroe
(quar.)
——
Electrographic Corp. ,com.
7% preferred (quar.);
dividend)—
$1.50
10- 1
9- 5
$1.50
10- 1
9-
$1.02%
Co.
(quar.)
guar;
—!
preferred < accum.)—
Ferro Enamel Cc/rp,'
3?lorence
Fuller
Gabriel
9-10
10-1
Packing
Gatineau
5%
Power
preferred
5%%
Gemmer
Class
(increased)
(quar.)_.
com.
(quar.)
(quar.)
Mfg.
Co.
General
Box
General
Bronze
Corp.
(quar.)
1
9-
y
9-20
9-
5
9-16
9-
5
15c
9- 1
8-20
i5c
9-
1
8-20
9-10
8-30
9-16
9-5
'
$1
10-
Co.,
Ohio
pfd.
prior pfd.
$1.75
8%
8-31
9-20
Paahau Sugar Plantations
1
10-
14'
20c
50c
-
8-31
10-
1
9-
9-12
7
9- 3
9-11
8-23
■*
' $1.75 4
-
„
„
$1.25
10-
i
HO
H
»
•
9-19:
9-10*,
Chemical
&
Rust-Proof
Patterson-Sargent
Penick
Penney
9-12
9-30
9-16
•
9-
6',/
Co.
Co.
Ford,
(J.
C.)
Union Pacific RR.
Co., common
(s-a)
preferred
Sugar Co; (quar.)
8-30
4%
Union
10- 1
9-16
Union Wire Rope
(quar.)
8-30
United Elastic Corp.
9-1
8-21
U.
9-26
9-18
U. S, Plywood Corp. 4%%
S.
Graphite Co.-
10-1
9-14
9-30
25c
$1.50
9-30
y ;
'
9-10
9-12
9- 3 V
8-15
<:
9-16
'
30c
9-20
9- 5
10-15
9-30
J
9-25
Co,
9-
.
8-31
1
s
*
$1.25 1
10c
8-24
9-14
9-14
$1.25
„„
43 %c
--—
Works
C
9-10
5
$1.25
43%c
9-14
9-25
9-
9-30
9-13
$4.50
Water
(quar.)
Service com.
(initial)
9-16
Wisconsin Electric Power
1
9-14
2
8-26 "
50c
9- 2
8-28
25c
9- 4
8-23
—
50c
>
9-14
8-30
9-30
9-10
Common
^4
7% pfd.
Company 4'/2%
21c
7%
Co.—
W.), Ltd.
Transportation
Youngstown Steel Door
11-1
10-15
20c
9-30
"I
9-10
9-18
:
(quar,)-
22%0
10-
25c
10-
9-13
'
1
9-30
$1
$1.25
8-23
9-lQ
9-16
I
1
9-18
1-2-47
12-18
1
8-15
$1.25
9-
:
8-31
35c
8-27
8-31
1.12%
/
V
10-
45c
.
y 9-16
1
;--v9-'-'4f;
$1.12%
a
I
10-
$1.50
(quar.)__
;
•
9-
1
8-21
8-23
:
:9- 1
25c
8-15
8-15
10-31
10-15
50c
9-27
900
—
$1.75
—4v-
(interim)
:
Associates——i ^
i—-——-i1
1
$1.50
-v
(quar.)
j
8-23
8-30
10-15
9-25
-4—
(quar.)
(F.
2
9-20
10-1
(quar.)
(increased)
preferred
9-
8-26
11- 1
25c
pfd. (quar.)
pfd. (initial quar.)
preferred ^quar.)
.*
Worcester
9*'l
10- 1
Hirsch
Woodward & Lothrop com.
Woolworth
8-31
$3
3.60%
6%
8-31
9-14
$1.25
(quar.)
9-
87'Ac
75c
Works
10-
$31'Ac
I—
Machine
Winter &
...
(increased)
Whitin
Wisconsin
10- 1
50c
com.
9-20,
7-26
8-20
9-14
50c
—-
'8-26
8-20
9-10
$1
(s-a)
9
9- 5
8-
9- 3'
9-3
•I.
25c
White Villa
10-10
3
9- 5
8-20
62'Ac
9-13
70c
9-
1
8-30
<
;x-«,
10-15
20c
Co.
9-12
10-
v.
———-
10-15
50c
(increased)
3
9-16
50c
•
preferred
Grocers
3
9-
-
—
-
1
10-
9-
1
33 %c
11-15
$2
$25c
30c
(quar.)
$$1.75 i 11-15
...
15c
30c
50c
;
(quar.)
Western Tablet & Stationery, common.
5%
preferred (quar.)————
5% preferred (quar.)
;
9-10
9-16
$1.37%
(quar.)
(quar.) A——
(interim)
West Virginia
1
1
9-16
10-
$8.75
-
Wellington Fund, Inc.
West Texas Utilities,
$6 preferred
West Virginia Pulp & Paper
9-10
30c
—
8-31
25c
(irreg.)..
10-
8-31
10-n
Waukerha JMiotor (quar.)
1
10-
$1.12%
8-31
10- 1
$1.12>/2
Class
9-
$1.18%
(quar.)
Warren Brothers Class A
Class B
8-20
9-15
—x—
Veeder, Root, Inc.-.
—
Viking Pump Co. (increased)
—;
:
Virginia Dare, Ltd., 5% preferred (initial)Virginia Electric & Power $5 pfd. (quar.)__
j? 8-20
9-18
9-10
pfd. B——
Mould &',Iroh Cdrp;
(quar.)
Iron
8-31
75c
$5.50 prior pref.
Dorn
3
9-3
20C
-
S." Trust Co.
Vatiey
9-
1
9-10
v
25c
—
(increased irreg.)
■——-
com.
pfd.
0-
10- 1
15C
(N. Y.) (quat.)»
Upson-Walton Co,
Utah Power & Light Co.x_»x——■
Utica & Mohawk Cotton 'Mills < quar—
^
'
non-cum:
$1.50
;.-;:y: $2
»
preferred A
S. Tobacco Co.
7%
9-26
25c
40c
U.
U.
(quar.).w„
—
9-30
$ 12c10-15
v
;
r
—
Forging
conv. pfd. (quar.)
8-14
Pennsylvania Electric Co.—
"
-••••- " >
partic.'pfd. (iriiti&l quar.)
" 92%cPennsylvania Power & Light Co. (increased)
30c
--3.10%
(quar.)
& Williams Steel
9-10
400%
...
.—
Ltd.
(interim)
8-30
8-20
(irreg.)
Company
Inc.
25c
9- 3
(quar.)
Cement Corp.
&
(quar.)
Troplc-Aire, Inc. 6%
Twin pise Clutch Co, —
25c
Van
common........—
Fertilizer
Indemnity (quar.)
Page-Hershey Tubes, new
Peerless
pfd.
8-15
$2.25 i''- 8-15 <
9-16
preferred
Parker
9-21
8-31
9-10
7%
Transue
—
Pacific
10-
Thew Shovel Co.
8-16
$1.05
Guaranty
Co., common
preferred (quar.);
(quar.)
Oppenbeim Collins & Co.
8-31
(quar.)
9-14
9- 7
Ontario Steel Products Co., Ltd. com. (quar.)
8-31
Co.—
(quar.)
1
10- 1
—
Tube
9-10
1
Company
Co
Mills
preferred
8-31
10-
65c
(quar.)'
9- 3
1
Texas
9- 7
50c
1
7%
Products
Tex-O-Kan Flour
Time,
15c
&
Corp., common—
preferred (quar.)
1
10-
v
Tappan Stove
—$1.25
Omnibus
Pacific
1%C
'
prior
(quar.)
25c
;
Finance 4V2%
Seamless
preferred
Tip Top Tailors, Ltd.
Tooke Brothers, Ltd,
Co
Insurance
(quar.)
Ohio Confectionery
Preferred (quar.)
Ohio
(quar.)
Extra
Tecumseh
.
(Calif.)
5%
com
9-14
—
(quar.)
35c
;
preferred
(quar.)
Talcott (James)tine. com.
3
93%c
...
50c
$1.25
A
9-
15c
9-30
75c
Class
9-16
—
9-144
4--
Tacony-Palrayra Bridge
.4%%
——
Corporation
Title
(quar.)
40c
(Minn.)—
12 %C
'
50c
(quar.)—...
Manufacturing
Oakland
Paper Co.
10c
i__.—
(final)
preferred
—
L
Extra
8-24
Northern States Power (Wis.)—
10-
25c
:
(initial quar.)
Nu-Enamel
93%C
9-3
Co.—
Northern Natural Gas Co.
$$1.37
(quar.)
—
Products
15c
25c
common
9-10
u.
Northern States Power
5%
Ohio,
of
10-1
....
(stock
9-17
,
$22c
-
General
Products
preferred
Oil
10- 1
.......
$5
common
20c
new common
(initial quar.)
New. Brunswick Telephone Co., Ltd. (quar.)
Telephone & Telegraph Co.-*-:
Quarterly- ^
—
—•
New York City Omnibus Corp.
(irreg.)
Newport Electric Corp. com. (quar.)
$$1.25-
—
Fireproofing Co." com, (increased)
preferred (quar.),
—General Mills, Inc. 5% pfd. (quar.)—
•M 9- 1
75c
25c
———
(quar.)
7
25c
25c
pfd. A
__:
9-
9-16
10-1
lie
__—L—r—
$3 partic.
Company
10- I ;
25c
—
(quar.)
9-21
10-1
15c
6
9-16
$1.25
Sons,
Incorporated
4%%
New England
33i%
&
(quar.)
Kentucky (increased quar.)
9-20
&
9-16
12 %c
Co
....
4%%
9-12
$0. 1304347
common
Oil of
Sutherland
Pressure Cooker-
Extra
50c
I
—
Co.
(resumed)
Oil
National
Oak
$l5c
.
—
Co.
preferred
B
;■
(initial)
com.
8-31
50c
B——
(increased)—-—'1——
conv. pfd. (quar.
new
9-21
1
10- 1
:y
—
Company
Garlock
10-
80c
Co. 4%
Investors
9-21
37 %c
-,1;
quar.) !
—
Company
(Geo. A.)
10-1
y 62 %c
Stove Co.
Fundamental
9-16
37 %c
—
Fund-Indemnity (quar.)—•
Stores 5% partlcClassA (quar.) ::
Foute-Burt
-
8-28
8-28
■ ■
Class
National
.r
,
9- 3
9-30
$1
$3.50
Fitzsimmons
partic.
9-20
75c
—
$7
non-cum
3
8-16
9*30
9- 3
Feitman & Curme Shoe Stores (initial
5%
9-
$1.75
"
Firemen's
1
8-31
y $1.50
—
Family Finance $1.50 conv, pfd. A$1.50 conv. preferred B-li———d&i?.
Famous Players Canadian Corp., Ltd. (quar.)
Rubber
Corporation, (irreg.)
Food
R.)
Co.,
....
8-20
10-1
....
Stix Baer & Fuller Co. (irreg.)
Strawbridge & Clothier, $5 preferred (quar.)
Sunbeam Corporation
.
t
3
10-21
$1
•
prefrered (quar.)
Sterling,
8-20
9- 3
^
9-
10-30
i
(quar.)
Royalty
(E.
33A%
9-16
9- 3
V
8-23
9-13
13%c
■; Extra
8-30
35c
-
Empire State Insurance
Emporium Cap well Co., common (increased)-
Faultless
10-
$80c
5
9-
.
(quar.)
Gas
preferred
Standard
6
1
25c
National
9-15
9-11
10-
60c
(quar.)—..
9-15
9-
V 9-13
25c
Namm's, Inc.
National Casualty Co. (Detroit)
National Fire Insurance (quar.)
1
8-13
87Vic
9-3
1
8-27
8-15
9-11
81%c
$1.62%
(quar.).
9- 6
(quar.)
preferred (s-a)—
& Pittsburgh RR. 7%
Finance
9-12
10-
-
i El Paso1 ET(iturai Gas-^fl';-K(s;#;:;
4.10 % preferred (initial quar.)—
Electric Ferries, 6% prior pfd. (quar.)^
Erie
$3.50
9-20
10-
; j
8-26
8-30
8-23
9-13
150
25c
Chemical. CO., common
preferred (quar.)
$5
75c
$4
8-30
a
9-13
9-10
15c
(quar.)
62%c
preferred
Nachman
$1.12%
8-31
8-15
$50cf
(initial)...
Union
Standard
8
9-20
'
8-31
8-31
f i 9-24
-
$25c
common
A
preferred
Squibb
3
8-
14c
25c
75C
———
9-
9-13
100%
10c
20c
Murray Company,: $4.50 preferred (s-a)—
Muskegon Piston Ring.;—
8-26
*
:
8-19
;
...
9-16
10-10
9-14
Mills,
(quar.)
preferred
Southland
6
75c
J
9-5
9-14
10-1 *
8-30
25c
Sugar
Rico
preferred
4!4%
8-26
:40q
Co.
10-15
6% ,preferred tquar.y -i.—-1—l—,
Economic
Investment Trust, Ltd
7%
Brewing Co
Mining & Mfg,
10-1
10-25
9-17
9-
•
National Oats Co.
prior preferred (quar.)
preferred (accum.)—
Eastman Kodak Co. com, *
•
■
(quar.).
Motor
$1.75
$l,12Mt
9-27
9-30
10-
Southern California Water—
9-17
9- 9
15c
9- 3
Eastern Gas & Fuel Associates—
4% %
9-27
20c
8-17
;
——+——
25c
10c
9-16
du Pont
(quar.)
8-31
$1.50
8-31
-
i-r; $4.50 preferred
9-16
...
$$1.75
Co
8-30'
Inc.—
$$1.25
(E. I.) de Nemours & Co.—
commons (interim)
9-12
9-16
8-22
$1.50
Co
preferred
Porto
8%
,
9-16
Aircraft
conv.
4%
15C
Douglas Aircraft
30c
.
2
9-
Extra
8-31
8-31
?
9-16
9-16
2c 4
Manufacturing Corp., com. (quar.)...
Southern
15c
•
South
r
9-12
(increased).
Minnesota Valley Canning Co.—
5% preferred (quar.)——
Mojud Hosiery Co., new com. (initial)
15c
——-—-
8-31
r
25c
preferred (quar,)—..
$2.40
55c
5%%
Minneapolis
9-20
Solar
8-31
25c<^& 9-15
—
(quar.)
(H. H.) Packing, 6Vi% pfd.
Mickelberry's Food Products—
9-16
9-10
87Vic
..
(irreg.)
Meyer
9-23
Solar
1
9-12
9-12
62Vic
9- 3
9-30
8-23
10-
15c
9-20
9-3
1 !"
$1.50
Skilsaw, Inc.
(quar.)
Smith
(Howard) Paper
4%
preferred (quar.)
8-22
$1.75
25c
37Vic
:
Co.
9- 3
9-30
10- 1
9-10
62%c
8-22
9-14
1
10c
Extra
9-23
9- 3
9-3
8-30
9-30
$15c
(Wm.) Brewery (quar.)
Simplicity Patterns Co. (initial)
Singer Manufacturing Co. (quar.).
9-23
10-15
9
9-20
$$1.25
Simon
10-15
<
9-
10v
$1
(irreg.)
Dairies, Ltd.—
8-26
1:9- 1
9-28
25c
(quar.).....
9-10
9-16
1
25c
Ltd.
Western
preferred
8-31
9-10
9-14
59%c
(quar.)
9- 6
9-14
r '■
35c
Hoist
&
9-23
3-6
9-14
:
12%C
(quar.)..
Crane
Breweries,
5%
.
30c
$1.25
Co
Disintegrating
-10*1
•
0
(quar.)
......
Machine
250
;
Driver-Harris Co. '
8-15
Co.
Class B
SMetals
12 %C
Dominquez Oil Fields- (monthly)
; Dominion Textile Co.v Ltd. com. (quar.)
;
preferred (quar.) —————
8-30
.
—....
9-30
25c
Silverwood
9-12
(stock dividend)—
(Denver) (quar.)..
Merchants Refrigeration, Class A.
:
30c
—
Sick's
9-12
1
————
Corp
9-16
.
8-30
1
10-
$$1.25
(quar.
Ins.
Shepard-Niles
.
10-
Corp.
Fire
10c
Fund, Inc. (quar.)
Devonian Oil
(quar.)——
Diana Stores new com. (initial)
—
Dodge Manufacturing Corp. (Indiana)—
6%
Shoe
$1.25
Delaware
Extra
Melville
Merchants
9-14•'
Corp.
vl7%0
-
(Frank G.), Co. (quar.)
Shellmar Products Corp., common..
43A%
preferred (quar.)
8-30
;i9-23
9-15
■
y«oc
Company
Shattuck
Ltd.—
*
$1.50
—.
8-30
$1.25
40c
8-26
9-16
8-30
9-30
9-14
8-23
8-30
9-15
12 %c
9-14
Lace
25c
,
Metal Textile Corp.—•
$3.25 partic. preferred
50c
pfd. A (accum.)
pfd. (quar.)
Cutler-Hammer,1 - Inc.——-——.
•
9-16
,
12%c
10- 1
9-30
5
9-15
Vj
25o-
(quar.)
Scranton-Spring Brook Water Service
Selby Shoe Co. (quar.)
10- 1
8-26
10-15
r
25c
..............
Scranton
25c'
30c
40c'
f 8-24,
10-15
$25C
$$2.25
(quar.)..
Co.
;
Steel
9-
lOCt ;
9-14
65c
L.)
Lock
Extra
8-22
i
,9-16
6%0
37 %c
;
Company
Schlage
2
9-
9-11
(quar.)
3
9-10
9-10
9-14
———
Irregular
Schiff
9-
9-10
10-. 1
lc
10- 1
37V2C
common.
L.) Company (quar.)^
Manufacturing (quar.)
(W.
8-31
9-16
2
50c
10- 1
25c
Co., Ltd.—
(Glenn
Maxson
8-31
9-30
10-
37%C
(quar.)
1
8-17
9-16
15c
i"
Corp,,
v
Sharon
(quar.)
(M.) • & Sons
Extra
8-31
9-
9-1
V
............
$1.25
(quar.)—
preferred
Manufacturing Co.
Lawrence
25C
4
8-29
(quarT)" III™
.....
3
9-1
9-15
$1.50
(quar.)
15c
$2.50
Mangel Stores Corp.
Marsh
9-10
Co.
$1.50
S,
Extra
$5
9-14
9-14
1
$$1
preferred
8-30
9-15
25c
,-y
9-16
■■u 9-
9-12
25c
....
Ltd.—r
4% class A convertible preferred (accum.)
St. Lawrence Paper
Mills, 6% pfd. (accum.)
Sarnia Bridge, Ltd, (interim)
,8-20
9-14
$1
St.
8-30
9-30
75c
Russell
8-30
: 9- 6
10-
37 %c
(quar.)
prior preferred A (quar.y
Richardson Company
8-30
1
J.
Robertson (H. H.j Company
Rockwell Manufacturing Co.
8-30
9-10
Co.—
Rice Ranch Oil
9-14
9-14
10-1
10-1
10- 1
10- 1
10-1.
•
6%
8 -16
8-30
y
Regal Shoe Co. (quar.)...
Republic Steel Corp., common
8-21
8-28.-
$50c
20c
——M
—
10-15
9-30
50c
1
9-30
(initial)—
Magazine Repeating Razor Co., com.
8-29
9-16
11-
9-12
Ray-O-Vac Company
9-11
9-1
9-30
9-30
9-30
12 %c
Bit
5
9-12
37 %c
Extra-
$1.12%
MacKinnon Structural Steel Co.,
Mesta
Crucible Steel Co. of Amer. 5%
Culver Corporation (extra)
;
9- 6
37 %c
——*—■—.
■>
9-30
15c
.
-
■
Continental
9
9-6
Raj-bestos-Manhattan, Inc. (quar.)._J..r...
:
Lyon Metal Products (quar.)
Lytton (Henry C.) Je Company (irreg.)——
9
9-
8-10
25c
Martin
9-
8-30
$1,50.
Massachusetts Investors Second Fund,
9-30
8-26
Roller
9-14
10-
9-16
93 %C
;
9- 3
10* 1
Reed
8-23
9- 1
.
25c
(quar.)
Electrotype Co.
(quar.)
Rapid
9- 3
.
20c
....
preferred
'
$5
37 %c
.....
9-12
'
com.
Paper
Manufacturing Co,.
Purina, common (quar.)
9-5
-
50c
60c
30c
$1,25
pfd. (quar.).
Life & Casualty Ins. Co.
(Tenn.) (quar.)j
Liggett & Myers Tobacco,. 7% pfd. (quar.).
Lincoln Service Corp., common (quar.)
6%
preferred
(quar.)
x—
7%
preferred (quar.)
5%
ly
....
35c
(quar.)
Sessions,
......
iJjj.
20c
$1.25
(increased)
Marion
9-24
15c
_
——
&
......i........
Puget Sound Pulp &
$$1.25
8-30
.9-24
,31 Vic;
quar.)—
9-20
90c
3.60%
■'
(quar.)
9-20
1
50c
(quar.)—-
common
33A%
10-1
50c
Co.,
8-20
10-
50C
Cbrp.U.----————
■
Commercial
9-12
9- 3
$1.50
(quar.)_——
!_
—1
(quar.)
Ralston
$1.75
53y3c
—
Colonial Ice $6 preferred B
8-30
6
Pyrene
Superior District Power Co.,
5% preferred (quar.)
7
9-17
1
9-
20c
.
-'
10-
$1.75
•:,y4 -7 %preferred
9-13
8-15
Quarterly
9-11
5%
10-
100%
8-30
.,
John Power & Paper
(.-Extra
8-30
Clearing Machine Co.
9-16
8-30
Lake
Lamson
.
(quar.)
4%%
9-16
10-
75c
$1.18%
———
9-10
"45C
9-3
$1.25
Corp., new
preferred (quar.)
9-12
(quar.)
(N. Y.)
Christiana Securities com.———
■:;
a—
9-20
& South Bend RR.—
South Shore
Common
(quar.).
Extra
9-10
75C
(quar.)—
8-30
Association^———-i...
Kimberly-Clark
9-10
10-1
15C
(Consol.)
Chesebrough Mfg; Co.
?44 Extra
9-10
9-30
.
9-30
Corp.__
10-1
(quar.).——
Co,
Chesapeake & Ohio Ry. Co.
5
10-15
2Va%
9-27
Prosperity Company, 5% preferred fquar.).
Publicker Industries, com. (stock
dividend).
$4.75 preferred (quar.)........
Special
;i
Keystone Steel & Wire (quar.)-—.
$1.50
.
America
of
Co.
9-
9-10
$1.25
10- 2
9- 2
(quar.)
87 %c
preferred
(quar.)
preferred (quar.) ..——
Central Steel & Wire Co. 6% pfd.
6%
Chamberlin
9-20
9-16
10-15
9-10
9-16
City Power & Light, $6 pfd. B (quar.)
Natural Gas Co., com
V> $5 preferred (quar.)—
Kelsey-Hayes Wheel—
7.
$1.50 convertible class A (quar.)
;
10c
$1%C
10- 2
Kansas-Nebraska
■
$3.50
44.
8-20
3
9-10
Preston East Dome Mines, Ltd.
10-1
Corp.'. (increased
Kennecott Copper
9-
.
'8-29
9-16
50c
Kansas
Two additional shares of common for each
44y;
8-26
9-12
9-25
9-26
Company
30c
Joslyn Mfg. & Supply, common
6% preferred (quar.)
$
9-10
Terminal Realization Corp.—
Liquidating
■■.
(quar.)—$1.10
|J Johns-Manville Corp.
8-30
10- 1
tl5c
,
t30c
$$1.75
Cycle & Motor Co., Ltd. (quar.)_—
Ltd. com.
(quar.)
■:—.
Canadian Industries, Ltd., new com. (initial)
6% - preferred
9-30
J45c
Canada
Canadian Cottons,
Co., Ltd. 6% pfd. (quar.)
Products Corp. (stock dividend)
8-26
9-20
t$1.62Ms
(accum.)
'•r
Potter
Public
preferred
(quar.)
35c
25c
Coal
8-31
—
$5
$1
(accum.
5
9-13
Service, Ltd., com. (quar.)
$17c
7 % preferred A (quar.)
—
x$1.75
7% - preference B" .(quar.)Al%%
5%
preference O (quar.) —*1 Vi % '
5%
preference D' (quar.)«————
xl%%
Jamaica Water Supply Co., common (quar.)
50c
,
9-14
9-14
.
,
9-10
8-31
9-30
(quar.)
prior preferred (quar.)—
Jamaica
3
25C
.
.5%
9-
9-12
10-1
Co.
.......
preferred (quar.)
Rayon
pfd.
$3.50
9-12
200
300
International Safety Razor, Class A (quar.)
Interstate Company,-common (irreg.)—
9-10
50c
—■
conv.
Industrial
8-23
9-20
:
;
(quar.)
com.
8-30
50c
'5%
-
8-20
1
9-
$1.25
v
8-29
8-30;
Brewing,
Consolidated
Forgings
20c
933Ac
quar.).
9-30
,
;
Indianapolis Water Co.j common A
5% preferred A (quar.)
Industrial Acceptance Corp., Ltd—
9-10
10-
Sugar
Breweries
Park
9-9
-
$1.75
-
Plantation
Hutchinson
Pittsburgh
Pittsburgh
Pittsburgh
Pittsburgh
9-14
(initial
A
9-10
9-10
1
10c
Utilities, $4.40 pfd.
Hyde
8-30
preferred
'9-10
10-
$1
Hart-Carter, $2 conv. preferred (quar.)—
Hudson Pulp & Paper, 5% pfd. A (quar.)—
—-
Cement
6% %' preferred
Casco
8-30
50c,
__——
Consolidated
Hecla
9-14
50c
ResumedCanada
9- 5
IOC
——
Service
2
33A%
of Reo.
1
10-1
$1.25
......
Oil Corp.
Company
1
5
1
$1.06%
'
9-13
(quar.).,
class B
Varnish
Watch
Gulf States
8-23
9-
10- 1
No.
Gruen
8-31
50c
ilOc
-
Group
5
9-
9-16
IOC
-
—
(quar.)
Water
1
Oil Co.,
.
2nd
10-
$1.06%
4%%
1
TO- 1
10-
62Vic
25c
.........
(quar.)
preferred (quar.)........
Boldere
Payable
20c
Great Western Sugar com.
7% preferred (quar.)
10-
45C
(quar.)——————
Utilities
Pacific
preferred
.
California
Grand Rapids
8-28
—
—.—A—;
Extra
California
•
Co;
8-31
8-31
(quar.)——.
iBrunner 'Manufacturing Co.
Gordon
$1
(quar.)——.*
Corp.
9-16
$5
9-
com,*(quar.)
preferred
Petroleum & Trading Corp.—
$1.25 partic. Class A (accum.)..
Philco Corporation com,
9-14
10-
When
4 Share
$50
9-14
9-10
——:
(quar.)—....
(B. F.) Company com. (increased)
preferred (quar.)—
—*.
1
10- 1
(quar.)———
82.50 pfd.
9-30
•
V 20C
'
Brothers
9-10
150
——
(quar.)—
(quar.)
Inc.
Stratton
10-
$1.25
5C
i
$1.50
Goodrich
$1.25
Brooklyn Telegraph & Messenger Co. (quar.)
^
Goldblatt
8-31
-
—
Boston Elevated Railway
.
9-16
-
;
—
r 9- 3
9-14
1
Compant
4Vi%
;
I 9-14
9-11
25c
-
Pet Milk Co.
9-10
9-30
11-
■Name ot
1
9-10
10-1
9-20
$1.25
per
of Reo.
10- I
10- 1
10-1
21l/40
$1.12V2
$5 pfd. (quar.)__
Gisholt Machine Co. (quar.)»_
-J.
Gold & Stock Telegraph (quar.)
9-30
—
(irreg)
(quar.)
(quar.)_.-__™-
com.
preferred
Safety Razor Co.,
i 9-14
^
,
v
(increased)—
Decker Mfg.
Extra
9-30
50c
•__
Inc
Industries
Products
4Va%
25c
'
(quar.)..
common
——
Blackhawk
Gerber
10-11
11* I
$1.25
—
Packing Co. (quar.)—
Quebec Mines, Ltd.—
Belleterre
Brach
9-12
25c
comroon_L__J
(quar.)
Furniture
/
9-13
9-25
•
Monday, August 26, 1946
Holiert
Payable
Railway Signal, commobu
-—•
25c
6% ■ preferred (quar.)1^
$1.50
Georgia Power $6 pfd. (quar,)-———-,—
$1.50
$5 preferred (quar.)
-U—$1.25
Gillette
(quar.)—__—;
Corp., 6% pfd. (quar.)
Refractories,
Briggs
10-15
-
Bassett
«•
9-3
$1
Aroostook RR Co., 5% pfd. (quar.)
Trust Co. (N. Y.) (quar.)
Beech-Nut
Black
9-14
9-13
Share
General
3
$2.25
(quar.)—
quar.)-:
&
Bankers
10-15
i
Wltett:;
^
Name of Company
9-3
(initial
—
Bangor
1
$1
-
Inc.
10-
15c
Arkansas Natural Gas
33/G
9-
& Smelting Co.—
Co.,
preferred
1
___—
& Telegraph
Products
Anderson-Prichard Oil,
Edison
10-
$1.50
preferred (quar.)
Copper Mining-————a—,
Anaconda
$5
$1.25'
?
prior
conv.
Arizona
Bhare
'
-
(increased)-.«
Tobacco
American Zinc Lead
•"
'
(accum.)_
$6 preferred (accum.)-.,
American Seal-Kap Corp._„_.
American
r
>
$5 pfd.
i
Bolien
7%c
20c
'
25c ^
15c
9-
>
v
-
9-16
9-27
8-22
9-16
4
,
9-30
*9*16
9-11
7-
5
9-20
-;
8-31
9- 3
.
.Volume»164
Number 4519
THE COMMERCIAL & FINANCIAL CHRONICLE
'■■7: 7v;-,.:.7';7 4^7";7:77"' 7'7
■ ' Y;^jf^i4^^Vame 0! Comvany
Below we give the dividends announced Jn previous
paid.
The list does not include divi¬
dends announced this week, these being given in the
preceding table.
'
■
>
*■■■ ■'
pf
weeks and not yet
Baltimore Porcelain Steel,
7% preferred (quar)
;
Baltimore Radio Snow,
7%
•
pfd.
8%c
Nome ot
Abbott Laboratories
•
Company
4%
pfd,
8hare
~
(irregv)
$1
,
Acadia-Atlantic (Sugar Refineries, Lta.Tr 'i
Class A preferential
pajtic. ,(.avtar.)7-™~
0%
Acme
Steel
Co. -(increased).
10-1
65c
9-12
71450
9-2
7-31
!20o y 10-6
0-20
:
Vicicsburg
Ry„ Go.-fsA)
$1
Aipna
.Portland
7!
common
preferred
(quar.)
«Aluminum Co. of Canada^•
-4%
U.*,.!
preferred (initial quar..)
preferred
8-20
125c
•
.
.
(quar.)
-
pfd.
75C
(quar.)
50c
;
•7
Factors
40c
2nd
American
C- 6%
preferred
Hide
&
Home
9-11
9-11
non-cum.
preferred
••
9-14
50c
(quar.) J-
1
9-
12y2C
1
9;
75c
17
9-
1
9-
10-
.
(quar.)
75c
8-30
10c
.
(quar.)
.7,
•
10r 4
8-30
9-
,45C
common!
3
20c
9-10
0-14
25C
™—
$-20
8-20
3
5*9-14
9-14
77
12-16
$1.75
9-16
9- ",6
$1.75
9-20
8-31"
:40o
«
9-30
8-23
7."'
9-1
250
,9-16
$1.12% i
50c
n
.Class* B
t
8-30
10-1
quar.)
6%
0%
*!_!<!_-,!i;-_
Woolen Co.,
7%
prior:
preferred
k:
>.
(accum.) 7
Telephone, class A
Anglo-Iranian Gil Co., Ltd.—
;
Anjheuser-Busch,
(quar.).
8-9
15%
$6
convertible
prior
9- 9
9-10
9-16
8-31
50c
:
i
9-
3
8-: 9
75c.
8-
9- 3
8r.fi
■
1—^
r-i-
9- 3
i2yac ^
■■
$$1.12%
:7
9
'
01.50
10-1
9-10
25c
0-3
3-5
0-14
9-3.
93%C
A (increased).—-;
'-i'.
convertible preferred^ (quar.)_._^_.
Equipment, 4V2% pfd. (initial quar.)—
1
10-1
9-16
,25c
10-
I
59 %c
10-
1
9-16
$-16
9-
1
8-23
;
■
)" —.
„
25c
Class' B .(increased)1
56'Ac
'
10c
9- 3
,New common (initial quar.)
v. -Extra1
::r^_
6% 1st preferred - (quar.7
$-3
•8- 9
9-
3
$->9
$1.50
9-
3
7 % ?nd -i preferred:; (quar.)————7.1^7.".
Associated Spring. Corp. (initial)
Associates .Investment Co.
(quar!)7__—7i.
Atlanta & Charlotte Air Line Ry. Co., (s-a)
Atlanta Gas Light 4*hch preferred (quar.)__
'
Atlantic Coast Line RR. (quar.)
Atlantic Refining Co. (quar.)
Atchison Topeka & Sante Fe, common
Atlas
Corporation .(Increased)
Atlas Imperial Diesel Engine—
;
Series A preferred (initial qugr.)
Atlas Powder
:
8-9
$1.75
C 30o
9-
3
•■$-79'
■
'
(quar.)_______^__.
9-3
9-30
$4.50
9-12
9-3
$-20
9-1.
8-15
$1
37VaC
9-12
8-15
9-16
.Camden Forge
9-3
■.
*
'
:•
scares
of
7,5 p
$-20
."',58%e-
$-30
commop
9-10
8-30
series A convertible preferred
t5c
8-31
8- 9
8-2,6
(quar.).
25C
,Avondale .Mills
.
iMonthly
'Balfour Building,
25C
^iy4C
20C
9-
■
1
1
(quar.)
8-15
7
3
pfd.
(s-a);
6C
■
•
; •
9-1
-AC
Inc.
8-15
•"V .9- 3
fir $
V 0-
•10- 1
$1J05
0- 3
,7
•
MM
?
7
9-
:
77 9-4
9
8-19
8- 1.7
7
7': 8-
Xy
8
$-13
9- 2
8-31 *
8-15
9-1
8-15
3-3
.
8-12
8ll-
1
2-7-47
12-20
1-2-47
9- 3
0-20
3
8-29
7
50c
9-
$-19
9- 3
7
121/2c
;:
3
•t
8-15
vjv
Common
•
1
8-15
8-30
8-23
8-10
0-30
0-16
31V-tC
fquar.)
(increased)
Carbon
8-26
>0-16
10-
0-12
1
12-
$25c;
1
7,79-12
:11- 1
330,
37
14%c
—*:
—
77-01
8-31
8-31
14 %C
25c
7
5-20
9- 2
1
250
9-4
8-19
50c
_______
9-4
8-19
7 8-15
/
450
:'0- 'I'
250
9r 1
20e
•
Co.
041
i
Yo.rk-r*
New
$3 convertible preferred Xquar.)
Broadcasting, class A (increased)_
Class B (increased)
——__™;;
fi Columbian
8-10
10-1
$5.60
0-1
75c
/v 99-
8-15
8-15
4
6
9-
0-10
1
60C
.Columbia
8-15
9-
9- 3
_;______™--_-™_;—
-
8-29
25C
75c
preferred
V
79- 3
International- /Corp.—
Central; Power-,,..-™-!.—._J.__»7
•7 Colorado Fuel & Iron, 5 % conv. pfd. (quar.) ?
Colorado Milling & Elevator Co.—
8-20*
9-14
3QC
Colorado
,8-26 iS7 8-16
2uC
,4%
■
9-14
Co.:
shares
8-12
8-29
75C
50c
Collins ;$■ Aikmap
Corp.__--_-----_--_fl_^r:
Colonial Stores,' new com. (initial) _________
7
$46
7 0-14« ?
6
50c
8-23
i
8-23
:•
8-
3
8-
7
6
12lie --ih 9- 3 i7.'7 8-
.
,0^ 1
•> ••
1
1
10-I
$- 8:.
9-
8-31
7
5
7-27
•
"■
■
10-
8-10*
•>/'// 6c
40-4
9
9-13
1
9-13
■;
8-1
9-/1
j
-
9*
8-23
1.
-60C
/:
15c
9-
$-16
946
.
,8-26
9-2.0 7
8-30
7" 7/r7 ••■,;/■ •
9-30
9-12
9-
3
10-
1
10- 1
{
4Vi%
™—
(quar.)!.—
Inc.
& Power Co,
Biscuit
■■
7
8-17
Gas
4
0-02
9-13
9-
$$1.50
'»; 250
9-10
12-15
Z
75o
oommon—
0.1
7
8- 6
5
8-
1
8-.5
$1.05
8-15
8-15
9-23
25c
3
9- 2
BfiVio
(1.50
' -
$-$0
;
'
9-4
55c
—
12-10
9-16
$0- 1
60c
Co.
preferred series B
Consolidated
9-3
8-16
9-
8-30
-
0-16
90c
10- 1
0-14
$1
10-4
9-14
31.12%
10- 1
0-14
12 Vic
9-16
8-28
25C
9-3
8-15
"•'
•7'-V
(quar.)
-:
8^ 9
40c
Utilities
(quar,).
(quar.)
'Consolidated Paper Co. tquar.).—™-——Consolidated Press Ltd, class A (quar.)—-
.Consolidated
9-11*
$-17
8-04
$$1.50
(quar.)
Consolidated Cement, $1.40 class A (accum.)
Consolidated Edison Co. of N. Y. (quar.)™
Consolidated Gas, Elec. Lt, .& Pow. (Bait.) —
Common
(quar.)
;
>.
4% preferred series C (quar.)
•;•'■{
.8-5
941*
:
9.
200%
>7
$2.40 preferred
Consolidated
9-10
■
17;
(Toronto)—
(quar.)
./Connecticut River Power, S% pfd,-(quar.)!
—
2
—™™——™—-
Connecticut Power Co.
$-31 ;•
10- I
5
,
dividend
(quar.)_™_—
7;v^ $2.20:preferred (quar.)——™—
$-31
,
Btock;
Connecticut Light
8-15
-944
8-30
* -$!
9-
Publications, Inc.-r-
'it Quarterly
^Quarterly
7 Congoleum-Nairn,
9- 3
9-16
!
306
31
Nast
Confederation Life Association
8- 4
946
7
v
9-
50C
:
•,
9-16
845/
$1.25 .J
(quar.)—
preferred
Conde
10-1
1
4%
'
.0-1
9-14
common—_____________
8-26
Community Public. Service-----.----™™*
7
$-20
T
60c
-
f'/aC
■■;;Common;,>,(quark)-^_|iw4!..-^-^^*^Wi-«»
■
Insurance—*
—
0-10
7$5 preferred- (quar$__4.—
Commonwealth {Title fco.7(Fhila,)-rr
$- 8
0-10
7
„
15c
—
9-25
(irreg.)
,
10c
(quar.)
20C
—
Commonwealth Investment Co.—_™>r^~7_//Commonwealth iTelephone-Co.-!-"
'
'•
77% 8- 8
9-
__
quar.)
Shearing & .Stamping
Commoil, Ltd.
6
.9-
■
9-10
(increased
7 Commercial
8-18,
$1.
40C
____™__——
9-
25c
Class >B -(quar.)—j.
Canadian Erewerles (increased).
9-16
(Canadian Fairbanks-Morse Co., Ltd. (quar.)
/
(quar.)
—
,
$45
-
0-14
:
8-15
•
p-m
$-i$
8-31
"
'
-
/.
:
Laundries Corp.
'
25c
9- 1
10- 1
9-13
$50c
10- 1
77
8-21
$25c
$12yac
$25c
,
(
—
i^^nadiEin' pacific
" 10r15
Consumers
(increased
;
9- 3
10;
>
$-317
:
,
8-10
11-25
$15c
12-15
*
—
•
/
11-25
**>;
••
{
7
$$1.25
10-1
0-20
$$210-19-20
$50c
10-4
8-26
$25e
^.^420
v
* (
:
(interim)—L
25C
40c
43%o
:
Corrugated Paper / Box Co., - Ltd.—
5%
preferred (quar.)
Coty International Corp.
(resumed)
Courtaulds, Ltd, ordinary (interim)Crampton Manufacturing Co. (initial quar.).
$37VaC
10- I ^
class A <(quar.)i__ / ,7
____4
&
"Telegraph
41/2%
>
preferred (quar.)—
Sexton Co.—
-,••
convertible preferred (quar.)_
&
^
.0-10
10-4
:
8-30
-
$-15
,50c
$-$Q
(qua*.)T_ 7 7'; $$
6%
o;
J45
preferred
-Crown Ctork International Cprp.-r::
8-15
8-31
8-15
8-31
8-15
8-30
9-10
8-30
9-10
9-10
?
8-28
10-15
0-25
10-
1
9-16
8-22
8-12
8-12
!
7
'7v
9- 2
8-15
8-29
8-20
9- 9
7-30-
8-30
8-15
9.I6
8-30
9- 1 7/
8-$5
8-22
7
8-8
•
;
,
;■
."r-,
''
28y»c
60c
I
31-60
(quar.)
Crosley Corporation
8-15
1
8-27
--20c
2%%
-5c
93%c
Crompton & Knowles Loom Works, ■common.
0-10
50c '
9-
$$1.25
,
8-24*
9-14*
1
9- 3
25c
•
9-16
?' .8-22
-qua*.)
--rr—-—:
'
$37'Ac
Extra.
B
—
7-30
9-13
1;
9-16
10-
Mills
Extra
8-30
9-30
33%'o
-^Crlbben
*
10-
30c
;7Crane Co, 3%%
guar.)——
Canadian. Wirebo.und Boxes,:AW«-t,.7/ 7
.$1.50 class A (acqum.)
Class
$50C
(quar.)™—™—
8-12
8-30
*
9-16
8-31
731.12%
Chicago (quar
(irreg.)—————L™—
$4
.Cook Paint & V&rnish, common-(quar.) ____
20p
$3 prior -preferred' (quar )—__________ ___
75c
Copperweld Steel, common (quar.)
-7—
20c
5% convertible preferred (quar.)
62y2c
Cornell-Dubilier Electric,
com.
(quar.)
-11'.
20o
$5.25 series A preferred (quar.)
$1.31 V*
Cornell Products, 6% non-cum. pfd. (quar.)_
$1.5$
V
12-15
9-16
9-13 7:
8-27
30c
(Reading, Pa.) (quar.)_
Co, Ltd. (quar.)
$4.50 pfd. (quar.)™
.$3.75..preferred
Continental
8-30
9" 3
i$1.25
-
Casualty Co. (Chicago) (quar.)_
Continental Commercial Corp, 7 % preferred
8-31
1
7
»
60O
(quar.)_
Continental
8-31
v-
»
10-
Paper
Co,
Continental Can Co, common
;
$45
1
10-1
&
preferred—
■
.8-31
1,7
Glass
Continental Assurance,
8-31
9-15
40-
$3
Co.
Power
-
-Carman & Company, $2
Gas
Consumers
40-,1. -9-14
r9* -2 >" 845
<9-15
Power
Coro, Incorporated, mew .com. (initial
Railway
Canadian .Tire .Corp.
Water
7 Consumers; Company,
9-20
,9-20
$15c
Canadian Motor ,& Lamp Co., Ltd.—
Class A X quar.)—————
—-
Consumers
$25c
/
Extra
Consolidated
>
'9-15-'7' 3-15
9-15
10-25
$$7y2c
Corp., .Ltd.r7
.Quarterly
——i.—
1750
Canadian International Investment TrustsJ
5% preferred
(accum.),—$$1.25
%,0 Class B (quar.)
Canadian-Oil Companies, Btd.-rfi % ' preferred
(quar.)
: -3%
preferred (guar.).,,
8-20
8-.?0
$-15
,
*
$25c
,
—
______•
-p-_-
Works,. 7%
$47
7,8-15
9-1
25C
.
(quar.)
^(monthly)
Baldwin Locomotive
9-
25C
Gear Works,- common
(quar.)
$1-65 7 convertible preferred
(quar.)
Products
-0- 3
$1.25
>
1047
Automotive
Allied
8-15
0-16
10- 1
Bearer
10-15
9-15
.
•/Canadian Food Froducts,
.Ltd, com.
$1 cony. Class A (quar.)—
,Canadian Foreign Investment.
846
stock!
fAutomatic .Canteen Co. of America (quar.)
Avon
40-30
25c
$1.35
——„—
$45
preferred B ((quar.)
1
9-
..
.
87y2c
Z
1st pref erred (quar.)
(guar.)
Collateral Trustee Shares; of
7: Registered '/ shares,. •
>3-22
$30c
;20c
guaranteed
$3.50 preferred
2
v
8-15
'
8-28
50c
'
8-
9-14
!;;V; •','■■'•
Cockshqtt Plow Co., Ltd. (s-a)™™_.___
Colgate-Palmolive-Peet—
•
8-31
,
$-16
'50p
5c
6%
^
$-5
-
held.
•V '* 6%
100%f -:-^;:8-23
* 2M»C
9- 3
.
.
♦
8-24
9- 5
,
"
^a9h .15
Co,
8-20
8-27
20C
(quar.)
345
15c
:
8-24
9-14
7; 9- 3
7
9-16
7T
(quar.)
0-15
—
———
8-15
9-1
7
'4
stock
10- 1
Co.—
—
8-20
'*•
1
9-
»
9-
9~A
$1.25
stock
Coca-Cola
„
1
$1.25
Molybdenum Co
:
Coast Counties Gas & Electric—
Coca-Cola
—
8-12
'9-10
10-
$3
;
special
8-15
.
7-26
Aupor Gold Mines, 'Ltd. "( quar.)__________J
Auto Finance Corp., common
(extra)_____,
Autocar Company (stock .dividend) — pne share of 5%, convertible preferred C
for;
-
8-12
/
:9-10
$1.75 2-15-47
(quar.)
regular guaranteed
40-4
6 V4% convertible* preferred (quar.) -l—
34%c
Campbell Wyant & Cannon
:
25c
Canada Crushed [Stone--(quar.) __—$10c
Canada Cycle & Motor, Ltd.—
•
^
• --^•
5% 1st pref. (quar.)
$$1.25
Canada & Dominion Sugar, (quar*)-———
$20c
Canada Dry Ginger Ale, new com, (initial)
15c
:
$4.25.7 preferred .(quar.^ ————™^,
$1.06 %
Canada Foundries & Forgings, Ltd*~
Class A (quar.)
$37J/2C
Canada -Malting Co.:, Ltdi—
: • *i
Registered >(quar.)
v •> $50o
Bearer
(quar.)—
$50c
Canada-Northern Bower -Corp, Ltd.—
Common' (quar.)
$16c
r:
preferred (quar.)_————
$$1.75
Canada Permanent Mortgage (quar.)—:
$$2
Canada Vinegars, Ltd. (quar.)
- $l5o
Canada Wire & Cable, class A (quar.)
—$$1
$-21
$1.50
'
Corp.
fl-16
$1.12 '/a
—
Tack
?5o
50C
.
Atlas
9-9
$1.75 7" 11-15
(quar.)
(quar.)_—_™.—
7%
$-24
*
>25c
'7 '
:
'
8-31
10- 1
$1.50
(quar.)_
Climax
9- 3
■
pfd.
4%
-
$-20
9-10
$7%C
States Bife
' 7
:
1
0- 3
____——..
;,
,
9-14
9-14
•
Corp.—
'
..
preferred
preferred
4045
(quar.)
Speciaf'-Ufciiiia
Callaway Mills, $2 preferred—
7-31
9- 3
'
7Armstrong .Rubber,class'
Aro
-fJemi-annual
"
9- 6
;
•
5c
Power
I California-Western
$-15
}
(quar.)
California Electric
8-20
8-26
9-
45c
Manufacturing
8-22
90c
(quar.)
1st
60c
California Cotton Mills, new™—
•
preferred
:»Artloom Corporation (guar.
Associated Dry Goods
10-1
$15c
Equipment Co, common
5% preferred: (quar,)__-—^-—
Clearing Machine Corp. (quar.)
Cleveland Hobbing Machine 7
Cleveland & Pittsburgh RR. Co.—
8-13
9-20
—-
9" 3
20c'
(accum.)
Armstrong Cork Co.; common (interim)
7 7
$3.75 preferred (quar.)—
>
8-31
8-31
$5c
33%c
f 25c
$25c
'
Co
preferred
1
;
convertible preferred (quar.)
2814c
Bush Terminal Building, 7% pfd. (accum.)_
$1.25
Butler Bruthers, common, (increased).^—.
25c
;
,414%. preferred: (quar*) __—$1.12 V4
■Butler Water Co.; 7% preferred (quar.)
$1.75
8-24
25c
.
/
8-31
9-20
9-20
9-16
35C
Railway (quar.)__
Knitting Ltd. (quar.)—
Extra
5%
8-31
9- 3
/85c
62V2C
—
Machine
Forge
9-
77.4Vi%
7-30
$1
.
(irreg.)
participating preferred—
■„ ;
.1 Participating
Argua Corp., Ltd.—
4V%% conv. pref.
(quar.)
.Armour&Company—
10-15
$1.25
Clark
30c
Burroughs Adding Machine
Burton-Dixie Corp..
1-21
■7/ 9- 3
.&
.344
.
,m% ponv. 2nd:preferred iquar.)
$7140
Burlington/ Steel, VLtd. (quar.).-,--—.—74l5.cv
; 9-16
$15c
•
$3
'
11-15
10-25
.
30c
(increased).*.———^
Die
■3Yi%
10-22
V
8-30
"
Company, $5 preferred
Bush
(quar.)
(quar,)^
Archer-Daniels-Midland
i
1
9-30
Inc.
common
8-16
11-
9-12
ttB»rlington>MiUs,y ne\r cp^
;''^4%',-preferred-7<quar.)w^--^.--*_-^»«--
8r70
53c
Co.
Arden Farms Co.,
$-$
01.60 1^31-47
_
American DepositiReqeip,ts: for Ordinary
.(final)' !_J
».!
_™,™™__w™.,
Apex Smelting
3
9-13
,01.50
>
Anglo-Canadian
9-
>75.C
01.75
9-20
'
(quar.).
,_
'
11-30
7% 1st preferred
7% 2nd preferred (s-a)____-__.._™^_
City Water Co. of Chattanooga—
>10- 4 v-7
9- 3
8-12
50c
com.
'
8- 9
& Co, Inc.-—
Fund, Ltd
7/Bullock's, -Incorporated ^increased)
; Bunker
Hill & Sullivan Mining & Concentrating Co. (quar.)__:
"•
'■4.;; Extra
9- $•
10.4
: 0r .8
'75c..:-
■
pfd.
prior preferred (guar.) rr.^Tr,'r. ^
..Anderson Prichard Gil Corp..- .77:VA% preferred (quar.)__
•
8-15
9-1
25c
City of New Castle Water, 6%
City of Paris Dry Goods—
8-16
60c
Bullock
7
0.-7
>
2
Company, common
preferred (quar.)
/(Buffalo
•
Z&' '
53y«c
Anchor Post Products,..lac**-- ■ .77/.
;
8-12
8-15
33V3%
Street
Bar
7%
3
Bearing
Budd
;
>9-25
9-
Shoe
$3.60
Cincinnati
9-
.preferred
Buell
8-15
10-2
American Tobacco Co., cqipmon (qqar.)
American
>
25c
common__
preferred.j(quar.)
Circle
75c
$5 preferred/(quar.)
Buckeye -Pipe Line (quar.)-----.-.-.-------.---
'
-<:
Products,
(initial)™
9-1
9-1
7 90C
v
Steel
i
,7
(quar.)
dividend
8-30
20c
>
).i
8-2
35C
£'■
£'
f
—
vBrunswick-Balke-Collender,
8-21
8-30
9-30
.5%
7 V>
(quar.)
common
Bruck Sillr.Mills, Ltd.
0-16
9-14
k
50C
,v.
■.
6
«•
10-15
41.75
.
12-
$1.75
.
$1.20
Brown
$1.75
Eottle—
( initial
Ohio
common
Stock
$42
'
(cash or
—-
8-22
9-
i/25C
„
American Stores
Co.
(increased)—
American Sugar Refining Ho., 7% pfd. (quar.)
preferred
8-20
850
7
Light & Power—
preferred
New
a.1
•'*
—
8-28
9-3
$1.50
£
$1.5.0
Bristol-Myers Corp, common (interim)
3% % participating preference (quar.)
British-American Bank Note Co., Ltd, (quar.)
British-American > OH Co, Ltd. (quar.)
Brown Forman Distillers. Corp.-r7;Stock; .dividend;1
Brpwn-McLaren Manufacturing Co. (quar.).
9-38
•
9-15
—.———
(quar.)
Boyerstown Burial Casket JCo. (quar.),
Brewing Corp. of America (quar.)„__
8-31*
10-15
50c
-
777
8-15
9-10
97y2c
:
56%C
(quar.)—
-
50C
common—.—
(quar.)
8-4
10-4
(Sidney),
7 Bowser (S. F.)
8-16
25c
preferred
———.
Bower Roller
8-29
2
9- 2
-
$2.25
preferred .<(final)
$1.75.
Company (interim)
50c
Brooklyn Borough ,Gas Co., nommon—;-i—
,
,50c
;:7, 4.40% preferred (quar.)
$1.10
Boston Real Estate Trust—'■ ■••"••: ;'50cBoston Woyen Hose & Rubber Co. (quar.) _—
50o
9-20
9-12
$2
Co.,
Extra
9-20
9-
20c
(monthly)
.
4V* %
3.6%
•■Central
8-31
$-10
Borden
9-20
11:
W.)
%%
8-15
17
10-
(E.
Blumenthal
4
8-15
10- 1
.
-
9-16
>9-16
;
v 15c
—•.
6%
preferred (quar.)
Blue Ridge Corp.—
I $3 conv. pfd. (quar.)
"Optional"
112
share of common stock)
•
8-15
•
$1.50
__
(quar,)!™—
Thermos
$1.50
$1.50
___
>'l 7
8-20
9-16
10-
50c
pfd. (quar.)
American Public Service, 7% pfd. (accum.)
< American
Radiator & Standard Sanitary, com.
v.,7% preferred- (quar.)
r-."
/..•American Rolling Mill, common
N7 <•$%%! preferred ■■ rgnar v
J-.77-.....^
American Smelting & Refining, com.
(quar.)
..American .Steel -Foundries (quar.)
•_
American
;€'
8-17
»
Bloch Brothers Tobacco—
8-31
$1.18%
American Paper Goo.ds, 7%
,
1
,8-16
9-?0
___
Bliss
.
(birpipnthly)
Co.
7-.-4%: preferred
9-
10- 1
3
1
——
Blaw-Knox Co.
8-22
$1.50
preferred
News
Central Ohio
7
—
8-16
8-31
25c
.
-0%
9-10
3
9-
9-
10-
•{Central New York Power Corp.—
3.40% preferred (quar.)
,7 9- 2 .> 8-15
■
8-16
$1.75
3.90% preferred, (quar.)
American Meter Co.
(quar.^™-,;!-™!!!..
American
9-20*
8-31
(quar.)
American Metal Co., Ltd.,
.845
,
,
9-17
40c
$1.25
$1.1? %
7
Illinois
—
8-31
62 %c
..^ American Machine :& Foundry,
f--
1
9-14
10-
12 VaC
,
.
10- 2
.
Indemnity Co
American insurance Co. (s-a)
k Extra
JU
s™«!
'
American Investment Co, of Illinois
American Laundry
Machine Ry. Co
.
$- 3
8-|6
,
$-12
9-20*
•9-14
American
«
10-1
'
,
Products
Storage (quar.)___________™
Foundry, 5% conv. pfd. (quar.)__
Light 4Va%> pfd. (quar.)
i
Central Illinois
Public Service—
"C7'7,
: '.$6
preferred
(quar.)
:
6 % preferred (quar.)
Central
L
9- 6
9-15
.
Leather—
convertible
American
Central Cold
8-'2
9-16
$1
.
5*
8-10
$1.50
American Hair & Felt
Co., common
8% 1st preferred (quar.)_
$6
9-
30c
$2.50 preferred (quar.)
$3 preferred (quar.)
"••
15c
7,;
preferred beneficial certificates
—
9- 5*
1
8-30
$1.75
$1
;
Ltd.
preferred
(quar.)
American General Corp., $2 pfd,
(quar.)_.
r'
8-15
10-
$3 -7
-43A%
,'
fi-30
10- 1
•
75c )
$1.75
American Forging & Socket
American Fork & Hoe, common
American Gas & Electric—*Common (increased quar.)
•
8-10
•
8-20
9-1
20C v
■
(quar.)
American & Foreign Power Co.—
7-$g preferred (accum.),
$7 preferred (accum.)
«
$- 2
3
10-15
.-•v:.25C;>
preferredXquar.)
Foundry, common
-7% preferred (quar.)
American Chicle Co. (quar.)
American
8-15
9- 3
Central
7'
942
:15c
.
A-16
9-
20C
American
'«•
1
8-31
—
8--9
9-1
942
10-
.
6%
Bank Note
Co., com. (increased)
-6% preferred (quar.)__
American - Box Board Co. (irreg.)
American Can Co.; 7 %
&
9-16*
8-22
10-1
-
':4
$-29
30c
7
7-31
1
m*m
$$2.
t$1.50
1
9-14
10-21
1
;7:T77 'iDC
(quar.)____
>
9r
150
1
10-
$1.75
(quar.)_
Tractor
Co.
11-
7% preferred (quar.)__
• f$1.75
: 10- 1
8-31
Central & South West Utilities Co.—Belknap Hardware & Manufacturing—
7;7.7;.'.7'7^>'7. ;•
'7;7- .;v7 $6 prior lien preferred (accum.)
$1.50
Irregular t
25o.
$- 1
.8-19 7
$7 prior lien preferred (accum.)
$1.75
Refl & Rowell Ck>;;7C?ommp)i7fquar.)777~7.-r--'r. 7,-742%q,:";-•■:-79r.lv.;:7.3-1577
Central Vermont Public Service com.
27C
4Vt,% preferred (quar.)
$1.06% 0- 1,.7 ,845. 7 ./T; 4.15% preferred
$1.04
(quar.)
•Bendix .Aviation Corp
50c
9-.30
9-10
Century Ribbon Mills (quar.)
15c
Berghoff Brewing Corp.*__
25c
0-16
$r*5
Certain-teed Products Corp.—1
t
;Berkshire. Fine Spinning Assoc,,, common——,
50c
9- 3
$-21
4%% prior pref. (quar.)
$1.12,/a
$% convertible preferred (quar.)i_
$1.25
9- 3
8-21
•Champion Paper & Fibre, common^
•____
25c
Bessemer limestone & Cement, .8% pfd.-,,— >
; Extra
<75c ,40- 1
■
7"'-;' -25c
Bethlehem -Steel Corp.," jpomuiop-,
4.
$1.50
9- 3
$- 5
4Va% preferred (quar.),
$1.12,/a
77% preferred (quar.),
$1.75
10- 1
9- 6
Chestnut Hill RR. Co. (quar.)
75C
Bigelow-Sanford Carpet,.common .(quar.)-,50o
0- 3
845
Chicago Corporation, $3 preferred (quar.)
hi 75C
7
•$% preferred (quar.)—
• $1.50
: 9- 3
.8-15
Chicago Rivet & Machine Co, (quar.)——
7 20C
Bird & Son, Inc., 5 % preferred
(quar.)
$1.25
9- 1
8-20
Chicago Yellow Cab
25c
Birmingham Gas Company, common——
30c
9-13
$-31
Chile Copper Co.-.u_____
50O
_™*_$3.50 prior preferred ,(quar.)__—
87%C
.$-3
8-15
Chrysler Corporation
75c
7 Birmingham Waterworks,
6% pfd. (quar.)
$1.50
9-16
9- 3
Cincinnati Milling Machine, com. (quar.)
35c
Black Hijls Power & Light Co. com. (quar.)
30c
9- 1
8-20
4% preferred (quar.) __________________
$1
$4.20 pfd. (initial quar.)—
$1.05
9- 1
8-20
Cincinnati New Orleans & Texas Pacific Ry.
'77 s.% preferred; (final)
i—:-.-$l,43v$43- ;' 7—i,■'
■
10-
720c i
'
$-15
10- 1
.$1.18%
9-20
$1
40C
7
common.—
preferred
4%
7
$-.80
i,
(qu,ar.t$1.50
common
1
,/.-;•.•/
Company,
Coke—r';'1"/"/:-;
i
945
>
,
7%
I.)
10-
_____________
35c
>'
preferred (quar.)
(J.
Caterpillar
346
$-16
ot Reo
..25c
,;Cohtral Arizona Light & Power (quar. )_____
9-15 7 7 8-31
..Central Bag & Burlap—
7::V,;-/:7.
945
8-$l 7 7; ;i' New common .(Initial quar.)
7'
Central Coal &
>
t$l.75
,
r;
$-15
firlO
c
Asphalt-Roof Corp. (quar-)—
American Auto Insurance (St.
Louis) (quar.)
American Car
9-10
■
Belding-Corticelli, Ltd.,
9-13'
9-10
American
•
-
fi-25
10- 1
>
i!
Inc.
(qu&r.)
dumber Co„ Ltd., .7% .pfd. tquar.)—
(A. S.) Shoe Corp.—
4% %
preferred
(quar.)__—
tBqiden Manufacturing Co. (quar.)__
Beck
(quar.)
$-10
$-1
4%
Case
.
940 7-•
,
9-1$
l$Vao
Beaver
$-16
50c
common
V American .Arch <30....-{.'!
'
2
9-30
250
...»
(quar.)
€%
Amalgamated Leather Cos.
fir
10-21
1
8-31
,
Beaunit :,MIUs,
.$-14
$1.50
,
Aluminum Goods
Manufacturing,
Aluminum Industries
(quar.)„7_
Aluminum Ltd., common-
'
1
$1
50c.
>
common-™-™
6%
10-
v4Qc
u
_
;—
■4
America,
.8-20
150
10-
8-15
7, 9-2577
v v
1.0- 1
$0c
Inc.—
Tfe;-.Newycommon ..(initial)
,
Cement
of
$-20
Bayuk Cigars, Inc.
Beau Brummell Ties,
;
0-0
•70-10
7,f 7
'''-4% preferred .(quar.)
Aliis-Chalmers Mfg. Co. (quar.)
Aluminum Co,
.8-30
0-30
9- 1
Barnsdall Gil
;/• .8-30
9- .0
15c .7'
Payable
1
Common
>"
77;';7
Holdere
When
Share
Caxpenter Paper Co.—
•
,
(quar.)
common
Rome of Company
7 f i>' V' .7
12-10
$- 1
Co. (increased quar.)25c
9- 7
Bathurst Power & Paper.Co., Ltd.rr ,7- 17- 7.7.; 77' v .7
7;
Class A (quar.)
t25c
9- 2 7
8-23
>400
-
Laboratories
Stores Corp".,
5
43"; 10-4
_™____..___
Allied
8-20
0-9
•
T20C.
.:••••
______
-
fAllegheny TLudlum Steel__
Allied International J
Investing-^-.
S3 preferred (accum.),_
Allied
9-10
■
9-16
7 2QO
7
Alabama A.
•
40-15
$250.
$$1.25
preferred; (quar. i
Agfiew-Surpass Shoe Stores, Ltd. (quar.)
Ainsworfch Manufacturing Corp. (,quar.)____
Associates, inc. Hquar.)
™»
■
aj R*».
Per
ot Ree,
9-10
Barber
-
•
y
*
Payable
Hoiiert
1
pfd. (quar.)____
$1.50
7% preferred -(.quar.
:_•—•;7'.$1;75:7,,.
<W. H.) VGompany_——'25C'
Barber-Ellis of Qanada, Ltd. (quar.)___
tl2V2C
Extra Jl
i-lw
"7 $12V^O
;,.
Barlow & Seelig
Manufacturing—
*
Common' (irreg.)
1——
20c' •
$1.20 class A; (quar.)u..—
-80c '
I-7
Holders
Wnen
10-
-i,v$3/«o-1-2-47
■fV 6% preferred (quar.)^
^'.Bangor Hydro-Electric, 6%
•For-..;
When
Fer
Share -; Payable
(quar.)-
1121
7
10-1
9-24
25°
9-16
0- 6
•
'''a*
19-1
9-10*
)j kii
3wi,fc,M^uV^
aiuwajauaia^^
•(Mittiwir.ww***'**
5?ll
•/"A"
THE COMMERCIAL & FINANCIAL CHRONICLE
Y
Ttr
VY
f
•-
Ctown
•■:;
Name of company
Capital Corp.,
class
-•
>.
;.
v
.
-s Share
-
A
(quar.),—
Crown Cork U Seai
Co., Inc. $2 pfd. (quar.)
Crown Overall
Mlg/6% partic. pld. (accum.)
This above payment clears all
6%
partic. pfd.
(quar.)—-—
,",V
Crown Zellerbach
Corp.,
"
$4 convertible
2nd
50c
$1.20
arrears,;;
■■f.,:
&
common
8-30
$i
(quar.)
!
—,1———
Light, 4%% pfd. (quar.)-'.
(initial)—
&
Cohn
B
Diamond
9-
3; i 8-10
50c
9-10
9-
$1
9-20
8-28
—
Dixie
9-10
9-16
Pepper Co.
for
Dominguez
50c
9-10
8-22
37%c
9-3
8-12
9- 3
8-12
3-1-47
2- -7
25c
9-
4
8-23
9-
4
8-23
9-
9
8-26
$6
..■:
>
11- 1
10-
10-1
9-10
9-10
8-31
25c
9-1
8-21
—
30o
(monthly)
V
;
Tar
&
Chemical
9- 2
$87%0
9-
$50c
V
Bradstreet, Inc., common
4Vi%
preferred (quar.)
Dumont
Electric
Duquesne
Durez
New
,
Co.
Light,
Plastics
common
Eagle
7%
preferred-
Quarterly
Quarterly
.
9-
Lakes
12-21
/
9-16
.
.
gf8-31
9-12
10-
c-
9-20
•
$■" 1
8-16*
1
5%
-
••
$1
$1.25
9- 3
1
8-15
9-15
9-1
.-w',
(quar.)
10-
9-14
9-
$1
9-16
.150
1
8c
.
/
Inc.,,,,,r__—
.
(quar.)
10-
Co.
1
9- 3
9-10
Y;' 0- 5
$1.75
10-15
10-10
20C
9-1
8-13
•
.
Class
.
A
Class
B
V/-'/
(quar.),—...——
5%
First
preferred
Bank
Stock
(quar.),
Corp. (s-a)
$3
9- 6
$3
■
pfd.t(quar.)
9-
$1.12 Ms
j
—-u
25c
8-
40c
■
(F. H.) Stores (quar.)—20c
Fltzslmmons Stores, Ltd.—
.
7%
preferred
1%
preferred
(quar.)
(quar.)i,,_,k.-—
Flintkote
Company, 'common
$4 preferred (quarj
Florida Power Corp. (increased)
Flour Mills of America
(initial)
"
*
1
9*
8-16
Extra
'•/'
Class B
1
11-20
19-10
8-24
$1
<9-16
-8-31
—25c
9-20
——
v;17%C*
15c
30c
(quar.)
(increased
9-
5
? 8-31
9- 3
15C
9-10
quar.)
8>
9
8-
9
8-26
(M.
8-23
10-
$1.12Va
10-
9-10
1
1
50c
9-1
9-10
9-10
8-20
'
; Jones
St
Lamson
(s-a)
Machine Co.
;
'
8-15
8-15
Jones St Laughlin Steel,
(quar.)
—
—-—
—
—
„—_.—
preferred
(quar.)—.—
r
37 %C
35c
Katz
8-31
8-25
1
9-10
60C
.9- $
9-14
50c
9-
50c
;
10-4
^.^$1.25^
t
0-4
m m-
25c
8-2®
Co.
8-2®
9-14
9-
15c
(quar.)
Company, common
preferred (quar.)
Kawnecr Company (increased quar.)
—
Kellogg (Spencer), St Sons, Inc. (quar.)—•
Kendall Company,
common (quar.)
—
4 Va %
preferred (quar,),,,
Kerlyn Oil pfd. (quar.)
Kerr Addison Gold Mines (interim)
.9-10
20,C
(quar.)—,—^f
Co.
9-10
40%
;
1030c
1
0-1®
9-30
45c
XX
9-
9-7
8-1T
9-10
25c
8-1®
1
10- 1
$1.12 Va
9-
30c
-
1
8-28
7-31
Kerr Lake Mines, Ltd
V'YY 5c
—-—$1.50
Keyes Fibre, $6 preferred (accum.)
20c
King-Seeley Corp. com. (quar.)
•■.■■'''•;•: 25c
!':
5% conv. preferred (quar.),,,
—
25c
Kinney (G. R.) Co., Inc., common (resumed)
$5 prior preferred (quar.)
-—
$1.25
Kinney Mfg. Co. $6 pfd. (quar.)—
$1.50
25c
Klein (D. Emil) Co. (quar.)
250
Quarterly
—
80c
Koppers Co., 4%% preferred (final)
40C
Kresege (S. S.) Company (quar.)
50o
Kress (S. H.) & Co. (increased)
8-23
8-
8-15
8-30
8-14
8-30
8-14
9-11
8-31
9- 1
8-15
8-30
8-17
preferred (quar.),—
La France Industries, 6% pfd. (accum.)
25c
9-14
8-31
8-31
Common
8-31.,.
8-15
7%
0-
1
$1.12Va /,
;
Kroehler Mfg. Co.,
4Va% preferred (quar.),
4 Va %
preferred (quar.)
;
Kroger Company, common (quar.).
—
■•,••■■
6%
,7%
1st preferred
(quar.)
2nd
8-3 V.
Y
9-165
10- 1
9-
9-26
$30c
(quar.)
preferred
$1.50
(quar.)
—
$$1.75
9^
8-26
8-
9»
9-14
9-
Z
10-
1
9-2®
12-23
12- *
8-31
9-12
9-
8-2®
8-
3
12-2®
12-27
9-
1
8-
1
10-
9-
9-2®"
9-27
$1.12%
$1.12 Va
50c
Kftrt
$1.50
$1.75
9
8-1®
9-16 V
Lake of the Woods Milling Co., Ltd.—
9-14
50C
9-1®
8-20)
$50
8-15
"
2
8-31
0-16
Drug
$4.50
I
50c
8-29
9-2
9
50c
dividend
9-
$1.06 Vi
8-2®
,
9-20
10<*
•
|
9-1®
9-109-
$1.25
Extra
/Stock
1
10- 1
$1.50
5% preferred (quar.),,
Joseph & Feiss Co. (quar;)—
1
25c
A.)
8-31
.
1
87 VaC
(quar.)
8-3®
9-14
(quar.),,
25c
preferred
8-3®
9-16
common
9-
'
50c
25C
7%
9-l®>
9-16
—
9-
25c
convertible
8-23
9-14 ?
$1.06 V*
—
Company, common (irreg.),
$4.25
preferred^ (quar.)——
Harbauer Company (resumed)
—
Harshaw Chemical Co., common
4%%
12-18
9-14
v
$1
25c
•
Extra
12-28;;
25c
25C
•
—/
(James),
9-20
9-30
.250
—
l
Common
12-
i '
$22 VaC
9- 3
20c
—
9-20
5
9-16
10-15
250
Jaeger
9- 6
9-
0-1®.
8-1®
10-
9-20
8-14
9-30
11- 9
9-1®
10-
250
8-15
9-3
5-3
9- 3
Joy-Manufacturing
8-15
8-13*
10-
Kalamazoo Vegetable Parchment
8-15
9-3
9* 1
12- 2
9-
9-
•
0-30
75C
10-
9-
V
9- 3
30o
9-16
250
8-22,
933/4O
(Increased)—;
10'
6
9-15
I"8-26
.f' 9-10;
250
,
,$6 preferred (quar.)
8-20
62 VaC
Extra
-
Hanna
8-20
9-25
8-33
;:Y;9-1SY'
10-15
$750
(quar.)
25C
—
Common
Hanley
1
8-14
*10- 1
$7c
9- 8
30o
,
VUAtUMVM
$1.50
Hancock Oil Co. of California, class A (quar.)
8-15
9-
17^0
-
Island Creek Coal, common
25c
;
8-16
9-23
Common
v
$1.25
Manufacturing Co.—
Preferential
participating
(quar.)
Preferential
participating
(quar.)
Hamilton Watch Co., com. (increased quar.)
4%
preferred (quar.)
Hammermill Paper, 4y«% preferred
4Va %
preferred (quar.)
•
^
9. a*
k 9-1
Hamilton
8-9*
$1.25
Fishman
/
Instrument
8-16
'
—
8- 3
'•/V:YS.
8-16
Stores (quar.)
Printing Co.—
New common (initial)
Hallnor Mines, Ltd. (interim)
Hamilton Cotton, Ltd. (quar.)
9-3
'
Manufacturing Co.—
Common! (guar.),.. ,.,,
,
i,
8-16
Brothers
8-10
8-15
Iron Fireman
8-31
(quar.)——,
8-21
8-15;
23
9-10
—-
8-31
(W. F.)
6
8-15
Utilities,!,!-^—
3 VaC
—.
.
8-16
Southern
2%C
preferred
8-1
8-21,
9* a-
9-
40c
Johnson & Johnson
$6
»-
$1.25
8-16
Hammond
50c
$15c
22 %C
8-16
Power,
8-13
9- 8
'9^ 2
7%%
-■
8-31
/
8-1*!
9-30
$37%c
(increased)
(accum.)
8-31
Hale
8-30
9-5
Co
8-31
Hall
;
9-10
8-16
Textbook
40
Hajoca Corporation w-—i
8-22
50C
8-31
"
8.-15."
•
vv'-iri:
2c
8-15
0-15
8-16
8-31
Iowa
8-16
8-31
250
8-15
3
9-30 ?
3%
75C
40
Gulf
30o
8-31
$1.25
8-15-
'
9-1
Hoc
(initial)
common
«.-!!'
8-19*
0-16
8-16
34% 0
9-
-'•
9- 1
$1.50
Cigar
———
————
12-20
100
31%0
—
——
—!
shares
12-30
;
9-20
9-30
(s-a)
8-16
•;
;
9-30
Shares
shares
8-31
,
—
8-30
$1.25
$1.25
9^ 8
3c
—.—»
8-12.
•;i.i;
Intertype Corporation
Investment Foundation, Ltd.—
6%
convertible preferred (quar.)
Iowa Public Service, com. (increased quar.)
3.75%
preferred
(initial quar.)
8-16
4C
shares
_!
8-16
9-20
8-31
Bond
group
International
8-18
8-31
v
8-12
9-3 .*
Copper— (•oMWtkM
International Utilities Corp.
Interstate Bakeries, $5 pfd.
8-16
Vac
8-19
8-15,
9-4
*
8-16
8-31
4%c
9- 3
8-30
"
9-11
9-10
8-31
8-31
40
shares————
8-31
M
50
40
,
^
9-14
.0-25 Y
;
Finance Co. of America at
Baltimore-Tr-,* :;p:'
Firestone Tire & Rubber,
4V2%
Firth Carpet
Co., common
—*
8- 9
1
3
10-15
New
8-16
3 VaC
;
I
International SilvOr Co.-*-
8-16
40
9-30
250
8-16
8-31
8-31
6c
shares
Extra-, '—i—»—!!—..i.——
Griesedieok Western. Brewery—
- * *'•
5'A % conv. pfd. (quar.)
9-16
9-20
8-31
;
2c
Griggs Cooper St Co., new com. (Initial)—6% 1st preferred (quar.)
w
Guantanamo Sugar, $5 preferred (quar.)—.
Gulf Oil Corporation (quar.)
Special ■,
!
10- I
10-1
v
A;-.
,
2c
9-
'iOE '
Y 8- 7
1
2%c
8-16
8-31
10c
Utilities
35c
9-
$1.75
Machine (quar.)
Jantzen Knitting Mills, $5 preferred (quar.)
Jefferson Lake Sulphur 7% pfd. (s-a)
Jewel Tea Co. (increased quar.)
8-15
9-3
li'*x 30c
Machinery
International Harvester, common (quar.)!!,
7% preferred (quar.)
$1.75
«!„
International Nickel Co. of Canada—
I
$40o
8-16
v
8-12
/ 8-
9-10
——
Steel
$41®
$1.50
12%c
$1.50
9-
Co.—
Consolidated
International
8-16
4C
8-12
9-30
8-16
8-
:
,
8-16
8-31
v
9-15
9-15
9-9
(accum.)
8-16
8-9
500
12 %C
-
8-31
——
pfd.
8-16
9-3
9-20,
8-20}
;
-
Corp., 8Va%
Co.
(quar.)
8-31
9-3
9- T
Bronze Powders, Ltd. com.,
$85c
6% partic.
preferred;3' $37 VaC
International Business Machines (quar.)-!!.'
8-16
Y 8-31
shares
shares
9-20
International
8-18
4%C
&
Bank
8-16
8-3L
—
9
35C
«««
9-30
$1.12%
90c > 9-10
9-30
50c
9-30
62V2C
9- 1
25c
$1.06 % ;V 9- 1
preferred (accum.)——
Silica
Steel
Stock
8-16
8-31
VaC
/ Extra.
Tobacco
St'SO
''"'8-31 '":i
l'/aC
——
Equipment
8- a9- •;
Institutional Shares, Ltd.—
8-16
lc
shares
Inland
1st
—
Ingersoll-Rand
8-16
3 VaC
—!—■■
-
8-23
9-27
$500
10c
37%c
8-31
8-20
>
8-31
8-31
u.
shares
Final
8-16
8-31
shares
■'
Industrial
8-16
9c
shares——
Bond
9-14
8-29
Institutional Securities, Ltd.—
—'
Bond
25c
12Va0
Inspiration
7c
8c
,
1
400
j'
Corp.—
8-16
3 VaC
■
v.
8-23
8-15
$1.06 y*
8-31
8-30
75C ??:
(initial)
,
shares
Machinery
Brownhoist
8-16
3c
!
11-21
9-14
(quar.)—
Products
Steel
Industrial
8-31
:
12- 1
250
—'
8-31 /
1C
8-21
250
—
"
8-31
4C
8-15
9- 1
—
—
8-31
10c
9-27'
'8-29
250
lc
9- 3
$1.50
7%C
—-—~———.
.
Publishing
8-16
Indiana
.
5c
•
9-12
9- 3
$$2.50
.
—
Works
Stream
8-16
8-31
$-31,
:
9- 3
—
lc
Extra
9-16
20o
(initial)
Smelting,^—
preferred (quar.),.
iij
(Marshall).
See Marshall Field.
8-16
8-31
11
—r—
Railroad
9-16
'
&
8-16
8-20
3
40c
Railroad Stock shares—;.
./"Extra.;.,
;
3
9-16
10-15
$2.50
—
7%
8-31
8-31
9-
■
•
25c
.
Field
8-31
,.
Extra
■
.
Field
8-31
9-30
/
Extra-
25c
(increased)
(quar.),—
Federal
Water
8c
Gas .Corp.—
,-< ?
Increased quarterly
Fenton United
Cleanihg 8c Dyeing Co.—
Common • (quar.)i-.-i.—,.
•'■'.i
Extra
.
9-30
4'/aC
———/'■
•_
Bond
Priced
50C
Engineering
8c
8-17
-;40c;:.
-
Extra-
25c
.
Federal-Mogul Corp.
Screw
9-
10-15
25c
Federal
Federal
9-16
;
80c
(quar.)^,„,
•
Mfg.
9-3
y '#
60c convertible
i.'-
Railroad
8-16
11-15
V
-
Extra !
25C
Mining
8-20
5%c
Extra;—:
8-31
9-1
.
Federal Grain, Ltd., 6V2%
pfd. (accum.)
Light 8c Traction, $6 pfd. (quar.)
3
3
$75c
■<.;,r
Petroleum
8-15
12! 1
Fallstaff Brewing Corp
—i—
i,j;';.Vvvi25C:/
YV.Y
Farmers & Traders Life Ins.
,f
(Syracuse, N. Y.)'
Federal
1
$1.25
Sugar
Federal
8-31
30c
Bake Shops new com.
(initial
6
9-
9-
$75C
;
'
Quarterly
Quarterly
Farrell-Birmingham : Co.,
8-23 i
9-
lev
.
Merchandising
"'■Extra/
Mining shares
•
8-15
8-15
9-20
—.—_
Institutional
9-13
8-20
>
8-31
$1.50
9-13
10-1
8-31
4C.«
Extta/
Low
9-13
$1.25
.
—„
Federal
1
1
75c
—
:
8-21
10-
$25c
;
Fajardo
9-
$1.25
$1.37%
$1.50
—
Faber Coe 8c Gregg
(quar.)
Fair (TThe)
(Chicago)
Fairbanks Morse 8c Co. (quar.)
;:; 4 Extra,' ,——
o
9-16
10-25
;
8-2(9 xm
9-17 \
k 10-15
10-15
Water, 6% pfd; (quar.) —
Imperial
Tobacco
Sales
Co.,
of Canada,
Ltd., common (interim)
6% preference (s-a)
Imperial
Tobacco
of
Great
Britain
&
Ireland, Ltd.—
XXXXXX'X
:
American deposit receipts (final)
Imperial Varnish St Colour, common (quar.) j.
$1.50 convertible participating pfd. (quar.)
5
9- 3
——
Equipment
Industrial
■
preferred
-
v
8-
9t27
Y30c
Illinois Municipal
9-13
,
Fully Administered shares^-——
9-13
9-
•:/ Extra
8-23
10c
*
Extra-'
General
.
Extra
■>
4
t\
shares
Food: shares.
,j9-23*tic 9-- 7
;
.
(quar.)
8-
$l'i
shares
Electrical
•.
19-10 %u 8-27
'
.
1
)
—
$5 preferred A
8
9-14
shares
Extra ;
•
;
Exchange. Buffet ;Corp. (quar.),,
Eversharp, Inc.,. common (quar.).,,—
8-
——
—
—
Chemical
-
250
i
-
Erie RH. Co.. $5 preferred A
(quar.)
i
9-3
8-30
250.
,
'
——
8-16
9-16
35c
————————.
>
9-30':
•
*
9-14
9- 3
8-2$
Smelting Co., Lt<L—•
'
8-16
25c
10c
Building shares
.''Extra-—
8-28
28c
(accum.)
9-14
i5c
—
Aviation
8-15
(quar.)
..Erie Coach
$12 VaC
9-14
r;':$25C'
Incorporated; 5% pref. (quar.)
Huntington Water, 6% preferred (quar.) —
7% preferred (quar.)
—
Huttig Sash & Door Co.—
5%. preferred (quar.),,.
mi,,,,,.
5% preferred (quar.)
Hydraulic Press Manufacturing Co.—
Common (quar.)
—6% convertible preferred; (quar.).—
8-15
30c
Automobile
9-3
9-1
9-14
&
Equity Corporation, $3 preferred
9-16
-
7%
A
$1.25
(s-a)
i'i'SP- Extra
9-
8-20
Power, $6 pfd. (accum.)
Great West Saddlery 6%
1st pfd. (quar.)
6% 2nd preferred (quar.)
Group. Securities, Inc.—
Agricultural shares
12- 9
Y
8-24
10-1
,
—
—
Hunt Foods,
8-15
Green Mountain
9-20
Co.,.
Hummel-Ross Fibre Corp.—
6% preferred (quar.)
6%
8-20
9- 3m
•
500
(initial).
of Canada, Ltd.—
Co. (quar.)
Refining Co. (quar.)
&
Oil
8-14
8-31
15c
preferred
Motor Car
Humble
8-14-
3 Y
XXr-.p:
Stores, common
preferred (quar.)*,,—1—
Hudson
9-
9-10
150
-
^
Quarterly
8-23
2
2
Engineering Works (quar.)—
Extra
9-30
9-12
$25c
(N, Y.)
9-1
150
a-*
preferred
4%%
8-22
9-
$1.75
Fire Insurance
8-13
9-
9- 3
.250
500
Co. (quar.):
Hudson Bay Mining &
8-23
9-16
(quar.)
Great
8-12
$5.
37y2C.
,
class
Co.
Great Lakes Plating (quar.)—,—
Great Northern Paper Co—
8-12
»
CommoiiT-
non-cum.
Indemnity
8-15
8-27
1
9-12
75c
(quar.)
9-16
1
9-14
$1.06'A
Walker Dry, Goodi (quat.)
Electric
Manufacturing—
<■,
preferred
(quar.)
Empire 8c Bay State Telegraph—
4%
guaranteed • (quar,)
District Electric, 5%
pfd. (quar.)— :
50
>
i*
Eastern
$20c
-
Elgin National Watch' Co.,
common—„i— ^; j 15o
Gas, 7% preferred,-.*-,,^,$1.75
$2
American
preferred
9-3
9-16
9-15
87 VaC
.
Great
$1.50
Boat
El Paso Natural
:
9-
Great Atlantic & Pacific Tea Co., common—
$1.50
;
(quar.)
8-22
(initial),—
Great
•
(quar.)
pfd.
1
,
Stores, com. (increased)
participating preferred (quar.)
$5
9-
75c
8-22
$1.50
Engineers Public Service,
v$5.50 preferred (quar,
$6 preferred (quar.)
English Electric Ltd.;—■
9-12*
$12'/aC
9-20
8-18*
9-13*
10-1
9-17
Y9"13 '
250
preferred r(quar.)
Howard
9-12*
1
!>
i
%
5%
9-12*
1
-
8-20
10-15
1
10-
37 VaC
1
9-20
10-
5c
2
1
9-3
9-3
$2.50
9-
10-
9-20
$2.50
9-10
7%
9-20
10-
s
quar.)
8-15
8-20
50c ?v, 9.30 ;
I
Company, common (quar.).
(quar.;
preferred (quar.)
Lighting & Power Co. (quar.)
Houston Natural Gas Corp., common—___
4 Va
8-15
!\.c*X-4f'X
Houston
56'Ac
:
Manufacturing Co. (increased)!
(H. W.) Company (quar.)
8-26
8-25
25c
250
50c'
34%c "
Hoover
'
Co.—
.
Edison Brothers
Common
(initial
Grafton & Co; class A
Grand Union Co.__—
$1.50';.
:
.
Electric
B
Lumber
(Charles E.)
$4.25
8-15
50c
—
> ^
Products/ Ltd,
Eddy Paper Corp. (irreg.)
(increased quar.)
3
v
50C
Class
.
9-
30c
(quar.)
:
8-30
(quar.),i»^J^,i_,^----i^"//$l»75/:;,
Eastern Steel
25c
50C
(quar.)
Gossard
8-25
$1.50
;
1
8-31.
250
—
Honolulu Oil Corp. (quar.)—
Extra.—
Hooker Electrochemical Co., com.
•
(s-a),
>Gorham
8-23
Eastern Massachusetts
Street Railway Co.—.;
1st- preferred
(quar.),,.
:
1
8-24
8-15-
25o.
28o
'
-
9-1
8-31 v
.
310
Company (irreg.)
Holt (Henry) 8s Co.—
>•:$! class A (quar.)
30c
8-15
;'1'
$10
Holophane
5
50C
preferred
$$1.75
com.
_$1 class A (quar.)
Goodyear Tire & Rubber, common (quar.)—.
$5 conv. preferred (quar.),,
Gordon Mackay & Stores, Ltd.—
Class A
(initial quar.)
1
10-
;
:
9-
9-17
7
11-25
9-3
15c
Eastern Magnesia Talc
Co., Inc.-=-„.
9-27
(monthly)
Quarterly:
(Edward)
Hires
10-
11-30
1
15c
Co.' (increased)
Louis & Interurban Water
Co.—
11-15
20C
(s-a)
10-
(initial quar.),,—
10- 1
25c
—
2nd
9-20t
|9- 4
:||9-14
: $2.50.
B
Hines
8-20
9-1
$1.25
'f: 56% : preferred »• (quar.)^,^
.
10-
1
10-
$1.12%
(quar.),
'-.r Y
9-12
&
10-1
»
$1
—-
•
Hotels, 4% conv.
& Dauch Paper Co.
Hinde
9-17
25c
preferred
Hilton
8-20
15c
Picher
East St.
11-
50c
(quar.)
1st preferred
Chemicals—
11- 2
10- 1-
8-30
$1.75
(quar.)
5%
&
11-15
25c
Y :'25o'":
9-26
50c
—
9rl2
9- 1
Corp.
75c
•
—
Common
8-15
10-7
/; 8-20
40C
$25c
—
&
9-10
11- 1
25c
Extra1
■
8-17
1
J25c
'
8-9*
50C
'
Extra
..
8-1
9-14
$25c
Douglas (W. L.) Shoe Co.—
/$1 convertible prior
preferred_,,i,—-„
Dow Drug
Co., common (quar.)
7%
preferred (quar.).
9-1
25C
preferred (quar.)
Rutgers Fire Insurance
junior preferred (s-a)
;pi 5%
8-15
2
11-
J25c
trust; certificates
; $1 preferred1 (quar.)
Donohue Brothers, Ltd.
(initial)
Dun
$5
8-15
1
9-
$25c
(quar.)
(quar.),,
9-20
84%C
—
Marine Insurance
8-12?
10- f:t
'
(quar.)—.
Hewitt-RobMns, Inc. (quar.)Hlbbard Spencer Bartlett & Co.—
Common (monthly)
Common (monthly)
11-9
10-1
$1.50
Goodall-Sanford,. Inc.
,
11-25
5%
share
4V2 7o
9-17
$$1.25
com.
'j, Voting
&
—
at
10-21
$1.60
1—•
—
Co;—
Heywood-Wakefield Co.
7-23
11-9
300
ffip Extra
Corp.^Ltd.—
Envelope
&
Cartons
(Western)
Ltd., 7% preference (quar.)
Dominion-Scottish Investments, Ltd.—
*
Dominion
9-30
A.),
Fire
Extra
v
44-l,000ths
held,
each
J Goebel Brewing Co. (quar.)
Dominion
11-25
$1.25
Rubber
Glidden Company, common
8-31
i5c
—
9-10
&
Harvester
'tpt Extra
8
Globe
1
8-30
250
(quar.)
(S.
Gleaner
10-10
10-31
62%c
—
•
(quar.)
preferred (s-a)
Tire
Gibraltar
8-24
25c
—
--
8-30
7W
common-
;
Telephone Corp.
Gerrard
9-16
10c
—
■<<
<
-
for
common
cash
or
.
$15c
5 % preference
(accum.).
Dominion Stores. Ltd. (quar.)
of
Tobacco
vHavertjt Furniture Cos., common (quar.)—.
$1.50preferred——
9-13*
Hawaiian Pineapple Co.,. Ltd.
8-30
Hazel-Atlas Glass Co. (quar.)
8-30
Hazeltlne Corp. (quar.)———^
8rl5
Hecia -Mining Company-———-——'—
9-20.
Heilman (G.) Brewing (increased)—j—
8-14,
Hendry (C. J.) Company 5ya% pfd. (quar.);
8-14
Hershey Creamery
(quar.)
Heyden Chemical Corp.—.
New, common (Initial quar.)
7-23
7^:8%% preferred A (quar.)
$1.25
Co
General
<
1
9- 3
10% '
i
General
(quar.)
Fields
Refractories
preferred
2
9-
.
Paii\t Corp.,
share
reg._,
'
$1.75
—
Shareholdings—
preferred (quar.)
optional
6%
Holders #
*
PMOblt
25c
■
General
Manufacturing Co.—
Oil
9-16
General
75C
75c
quar.)
Dominion & Anglo Investment
5%
preferred
(quar.)
10-1
'
.
preferred
75C
ord.
Ltd.—
quarterly
$2
25C
;
common (quar.)—.—
(quar.)——^
2nd preferred (auar.)
General Public Utilities (initial)
1st
,
Dr.
9-14
9-1
Co.,
Share
.
,
Mills—
General
8-3.1
.
$1
Company, common
$3.50 class A
(quar.)
Dobeckmun Company
Doernbecher
Increased
75c
$5 preferred
(quar.)
General Outdoor Advertising
■i
8-31
>,9-16
(quar.)—*—,—$$1.25,.
Cup
68%c
3%% convertible preferred (quar.)
% General Motors, common,—,
—-——
,
(initial
9-14"
(annual)
"
common,
8-20
,250
registered
;
General
8^15
9-
9-30
;
8-12
3bc,
—
Sons, Inc. (quar.)
pommon
9-30
50c
U
:
Refractories,
(quar.) —
•
'
3
*9-3
9- 1
25c
—
Distillers Co., Ltd.—
preferred
8-20
$1
deposit receipts for ordinary
■"/' - v : registered' (bonus)
General Finance Co., 5% pfd. A (s-a)
—
6% preferred B (8-a~.—
General Industries Co., 5% pfd.
(quar.)—-
K^0
3
35c
———
5%
9-
25c
—
American
10-10
9-
4%
receipts
8-16
preferred
•
8-20
,8-15
.•
75c
(quar.)
Co., common
6% participating preferred
(s-a),—-:—,
•..6% participating preferred
a)-,
Dictaphone Corp., common
New
8-15
3 -
;:,.y.35C
Distillers-Seagrams,
8-15
1
3
.
Co.'
deposit
1
9-
N. Y.
preferred (quar.),.
Disston (Henry) &
9-16
9-
,,—
—
i
9-
Match
American
f 8-16
9-
Y$*25Ci;
—
Alkali
10-
37%c
62 VaC
;
(quar.)
Corp. (quar.),,,^—,—Gqueral Baking CoM $8 preferred (quar.)—
General Cigar Co., common,:
-' 7%
preferred, (quar.)
General Electric, Ltd.
American deposit receipts
for ordinary
9-6
if
45c
,
Union Stock Yards
Diamond
8-20
American
General
<
of
8-15
9-
30c
.
5
9-
(quar.)$*
Co.
9-
17V2C.;
Y
i
—
(quar.)
(Colo.)
Dewey & Almy Chemical Co., common
:
10- 5
$1,121/2
Bound
Dentist's Supply
9- 3
'
9-3
,.87%0'v
—
(quar.),
Brook RR. (quar.)
& Hudson Co.
(quar.)
&
f
—
"
$3 non-cum. preference' (quar.)_—
$4 • prior pref. (quar.)
Hathaway* Bakeries, Inc.»—
7% convertible preferred (accum.).——
Hathaway- Mfg.r Co; (quar.)
9-30
xypym
$2.75.
.
5
Hartman
fpf: 9-14
Galr (Robert Co., 6% preferred (quar.)
—
Gaylord Container Corp^ com. (quar.)—,,
12-14
8-27
;
75
.
>
(quar.)-,,——-,-
common
#; 10-
750
..
Delaware Power & Light
4% preferred
>■
8-15
10-21 '
preferred
Class
9-18
/
12-24
A
Company,
Denver
8-13
f
9-30
*
-•
9-14
Harbison-Walker
<
50c
—-
•
Name of Company
8-30
62 Vic
,
*
8-30
25C
<
perXf^ when
;/
of Reo.
h
I
9-14
5
....
^quar.)
Dayton Power
7%
1
$2
/
9-13
1
75
$4
class A (resumed)
preferred (quar.)!—,,
-' Decker
(Alfred)
Deere &
Delaware
Delaware
9-
Stores
Leather, class
New
1
9-
$1.05;
Cushman's1 Sons, 7%
B
10-
Y/y $i:
(quar.)
Curtis Publishing
Co.,
Class
a 8-15
$2.50 ? preferred' '(quar.)
Food Machinery Corp. (increased),
Fort Pitt Bridge Works
Fort Wayne St Jackson RR.—
5%%
preferred
(s-a)__
—
Foster Wheeler Corp., common (quar.)
Freeport Sulphur (quar.)
Fruehauf
Trailer Co., common—;
■"<•4% preferred (quar.),
||
10c
'
,
Holder*
payable
Share
(quar.)
.
8-15
9-20
>'?Curtiss-Wright,
Davis
>
Company
common
v
8-23*
>
8-31
30c /
(quar.)!——Culver -Corporation (c-a
Drug
Name of
Food Fair Stores,
8-16
8-31
30c
preferred
Cunningham
Special
When
ofRee.
;
'
"
Y'Y
»4.2o preferred
(quar.)—.-.w--Crum & Porster, 8%
preferred (quar.)
Crum & Forster Insurance Shares
7%
gotten
X 8-31/
# 9-16
4c
common-.—
preferred
When-
Payable
-
Monday, August 26,
.
9-
9-14
,11- 1
10-15
; 9-15
8-15
..
9- 3
9- 3
.
••
.
^Volume 164
.
•
•«»
-
tin-
i•
•
*
Number 4519 *
\•»:*
>y,:
-
-
jUmmmmemmmmmmmmmemmm
•:
'•
i.v.;.
.«
-
r'
I
>.•-5.vr.5.v
77'. 77"1
THE COMMERCIAL & FINANCIAL CHRONICLE
•
1123
'--
•
-
—>—■^
■
Fer
7 Name of Company
Shore
•
Wfcen */ Holders
•
Payable
■
V
J.'
.>
Per
iteme ot Compant
of Reo,
!TA«1»
.
Bolder»
share \ Payable
;
Per
of Bee,
Laclede Christy -Olay ProductS—U-——
M Monarch • Life
Insurance
28®
(Springfield,—
J!'?!'* Si5
rfcakS Shore Mines, Ltd/ .(reduced)
Mass)' (s-a)
^
—
i.i;$1.25- v ; 9-16
^:,'.*U8o ,^ 9-H V 8-14 .
Lamaque Gold Mines (interim)___--i.,
> 50o
9-3.
:
: *8c
10-1 y, 8-26 y-.v?: Monarch Machine Tool-.^—
Monroe Loan Society, 5%% preferred
Lamson 6s Sessions Co.,'.-common.!
(quar.)
34%c
9- 3
7a
«o«
••«
■
i«Lamston (M. *H.). Inc.. (qua?.)—^
^' Monsanto Chemical Co., old common
75c
9- 2
7;H°
2"«
! ,« i'M New common
•Lane Bryant, Inc.:;(quar.);->*
(initial quar.)
25c
9- 2
V
250^9-3
Lane-Wells -Co.
$3.25 preferred A (s-a)
(quar.)
'!»—«»«—— *■■*
250
9-15
»-«
$1.62%
.12- 2
New common (initial
Lanett Bleachery & Die Works (quar,).
.•
$1
9-14
v 8-20
quar.)25c
9- 2
Lanston Monotype- Machine—.......
^' Montreal Cottons, Ltd., common..:
$l3c v 9-14
.25c
8-31
Xaura Secord Candy Shops, Ltd. (quar.)
;
'
*20o .9-2
o-i w~- 7% preferred (quar.)
vt44o
9-14
Montreal Loan & Mortgage -Co/■
Lawyers Title Insurance, 6% pfd. (s-a)
(quar3>LUiS'' $$1'%6-^ 9-18
$3^-12-31
1Z~*\
Moore Corporation, Ltd., common
(quar.)..
$55%c
10- 1
Jeath &'Company;- common(quar.)
25c
7% preferred A——
...-i...—...
t$1.75
10-1
;
y % preferred
prrferred'^quar.)...—...
62%®
1
B-_^-.-...-/i.ii^---^:i-;-/i$1.75-:;';;10--1/!
Mooresville Cotton Mills (increased)
tehn & Pink Products Co. (quar.)......
350
9-14
8-30
25o
'8-24
Morrison Cafeterias Consolidated, -Inc.—- - •
Lee (H. D.) Co. (quar.)
25®
9- 5
8 20
:
7% preferred (quar.)$1.75 I 10Xe Tourneau tR. G.) infc., common (quar.) ..
25c>
9- 1
8 9
I
Morgan (J. P.) &-Company (quar.)....
$4 preferred (quar,)
■$*'
t$2
9-13
J" J
fi „4
Morris Plan Insurance
Leslie Salt Co.
(quar.)
40c
9-14
8 24
Society (quar.)
$1
9- 3
Quarterly
.1
:.?/./'.'$1 ; 12- 2 ;
Lexington Water, 7% preferred (quar.)—- • $L75> - 9- 3
» **
Motor Wheel Corp,
(quar.)_
Libby-Owens-Ford Glass
—
25c
9-10
8 27
; ; 30c
9-10
Mount Diablo Oil Mining
& Development
Liberty Fabrics of New York—
r 12 Ac
0 16
9 J
Co.,-common (quar.)
lo
Life Savers Corp.
:
9- 3
(increased)
_—--J5o
9- 2
o i
Mueller
Brass
Co
-r.
-40c
9-30
Liggett & Myers Tobacco Co., com. (quar.)—
75c
9-2
8 13
'.y.'-"?*"' ''Name•/Cempmt
•
-
9-
,
.
: 8-26 r
11-
—.....
/
•
y
9"**
■!
.
8-23
Ox Fibre
8-15
9-16
„
$ Class B .(quar.).——-----—
—Jtily-Tulip Cup .Corp. (quar.)_..-——
Lincoln National Life Ins. (Fort Wayne)—
(Quarterly
••
20c
fl-W
(quar.U
common
preferred (quar.)—
|iink Belt Co. (quar.)
Lionel Corporation (quar.)^^^———-•*
Little Miami BR. Co.—
.
,
^
Original capital —-—^
Original capital
Original capital
Special guaranteed (quar.)
vy
20o
'v\ **#1
Special guaranteed e(quar.)—7JOo
Liquid Carbonic Corp., 3%% pfd. (quar ) .
87%o
Loblaw Groceterias Co., Ltd., CI. A (quar.)
|25o
Class B (quar.)..——---—-——«5c
Loblaw Groceterias, Inc. (quar.)————20o
Lock Joint Pipe Co., common-(monthly)
Common
(monthly)
8 31
..
_
__
«1.SS
participating preletred«mar.)
"1 n«
■*»
tlM
.
"25c
preferred (quar.).
Los Angeles Shipbuilding & Dry Dock Corp.—
Liquidating >—J—
"
Louisiana Land & Exploration— -■%?•%%"'
% Increased quarterly
Louisville, Henderson & St. Louis Ry.—
•
Louisville & Nashville RR. (quar.)—
Lowell Bleachery
—
———
Ludlow 'Manufacturing $r Sales (quar.)—*
.
•
150.
'
'
«.
"
"
.
8-30
9
«
of
AVt%
4%%
.
preferred (quar.)
preferred
Ltd.. .com
Co.
(quar.).^i
—300
McGraw
Hill
||
8-23
82*
*
43
$1.06%
*°;36K18
I X
—,/!
a
37%c
8 15
8 15
Bank
7-31
9"\
9
8
9
12
|5c
5
1,,
9-14
Insurance
-
.
50c.
Oil
350
-
9-10
.
1 *
/
J-30
9-39
'
9- 5
8-15
8-23
pref.
series
0
Molson's
Brewery,
i
Ltd.
!
,
v
•
'*
w'>.
"■
"■
r'-V.' *•
v
v
9-10
8-20
,.
8-31
9- 3
$1.27%
8-15
8-15
9-1
8-26
8-
5
14c
8-26
8-
5
8c
8-26
8- 5
5c
8-26
8-26
8-
8-
'8-28
9c
8-26
.
8- 5
,12o
8-26
8-
5
8-26
8-
5
8-26
8-
60
8-26
8-
11c
Series—
.
;t
9"16
50c
,r,
$25c
v
.9-25;;
>
Investment
Fund
5c
from
lOo
r*v
..
Car
8-26
4C;,(
sec)
:
——
9-16
Insurance
$2 preferred
6%
8-31
10- 1
9- 3
8-15
9-10
'
8-31
11-15
11-
10-15
9-10
;
8-15
'•
8-14
J 9-19
8-19
9-10
8-28
42c
—
(accum.)
$4
prior
———
Ry.
10- 1:
9-24
7% .preferred,
$1.50
$1.37%
9-20
pfd—
9-10
8-31
9- 2
8-22
$1
9- 3 7 8-15
—$l-r0/;9- 3 h 8-15
.
..
''
1
:
8-31
9-10
.
;
25c 7
'
•
$1
(quar.)
(quar.)..
9-20
-
9- 3
25c
.
—
:
9-27
9- 5
8-23
9- 5
8-23
40O
(s-a)
*
;
'
7
10- 1
9-14
''
$1.50:7
7'r$1.75;.0 9-
3 :;'
3u-,
8-10
"8-12
9-
3
.
9-
3V
,
8-36
9-30
7
8-30
1
& Norristown RR.
$1.50
9- 4
8-28
250
9-3
8-15
Co.—
250
*9-3
20c
9- 3
8-12*
91 %o
0-3
8-12*
/10*12
10- J-
(quar")I
com.
quar.)..
>300
_
50c
8-31
•
$50c
8-15
:
,9-0,3
$l r.iW-as
30c
8-30
75c
10-
8-13
10- I.
9-16
lOo
8-15
8- 2
0 9-,,3
30Cyv
.
?
-
9-
3
8-9.
1
9-14
'
$1.25
9-2
8-20
$1.37%
9- 2
8-10
j
$1.75
(increased)
8-20
8-30
; 8-13
9-27
9-
8-30
8-12
$1
!
9- 3
10O
25c
10c
10- 1
8-26
25C
(quar.)
9-
Bank
6s
Trust
8-15
8-31
8-15
$1.50
$1.37%
9-
8-15
8-15
9-20:
$75o
10-15
9-20
9-14
8-22
$2.50
9-1
70o
9-3
8-20
75C
9-3
8-20.
$5c
9- 5
8- 5
$1.50
9-1
8-16
AO-J
9"$®
9-
3
8-15
9-
3
,
8-22
y
^Vi®
,
V '
58%c
,
;
,
50c
41%0
common:
8-15
0-1
8-15
9-
87 %c
....
8-15
7^000
45C
8-15
1
250
'
8-15
9-14
8-15
50C
-w
9-14
50o
/
9-30
$1.25
10-15
$1.75
$3"
?
8-30
9-13
:
9-14
8-15
9-14
843
$1.75
9-30
8-30
$1.25
—...
Pullman, Incorporated (quar.)
9-30
8-30
50c
Oil
Co., common (quar.)
preferred
(quar.)
9-16
8-23
25c
.
1
8-
10-
1
9-1Q
-50O
(increased)
9-
$1.25
Quaker Oats Co., 6% preferred (quar.)__
Quaker State Oil Refining (increased)
Quebec Power Co. (quar.)
Rath
3
10-15
Y.)—
preferred (monthly)
6% preferred- (monthly).....—
7% preferred (quar.)
8% preferred (quar.)
Public Service Electric 6s Gas—
Purity Bakeries, Corp.
3
9-
$$1.50
(quar.).
(N.
9-
3
8-19
$1.50
8-31
8
8-1
30c
9-16.
$250
8-26
7-18
7%C
9-15 7
9-
35c
Packing Co.
Rayonier, Incorporated, $2 pfd. (quar.)...—
50o
Raytheon Manufacturing Co.—
$2.40 convertible preferred (quar.)
6O0
Reading Company—
4% non-cum. 1st preferred (quar.)
50c
/
Real Silk Hosiery Mills, Inc.,. com. (quar.)
71 15c
$5
prior r preferred
(quar.)
"v $1.25
$7
preferred
(quar.)
$1.75
—
—
.
8-30
.
'
9-10
1
8-20
10-
1
9-13
10-
1
9-15
9-12
8-22
9-15
8-26
com.
Reed Roller, Bit/ (quar.)
(Initial quar.)
10-
1
9-13
10-
1
9-13
30c
? 9-
3
8-23
20c
_—
;
8-15
9-1
350
6%
7%
preferred
(quar.)
$5 preferred (quar.)..'
1
4
37 %c
partic. preferred
8-20
8-20
8
9-30
10i
250
Co
Reed-Prentice new
9-
9-
9-3
800
Public Service Corp. of New
Jersey, common.
$5 preferred (quar.)
5%
8-21
10- 1
(quar.)..
preferred
Pure
8-20
-
9-10 i
250
$1.25
$1.50
.
Queen, Anne Candy* Co.v—.—.....—-
(quar.)
(quar.)..
Co.,
9-3
-
(monthly)
(monthly)
Public Service Co/of
Indiana,
3%% preferred (quar.)
1
V
8-31
8-22
'
V50c
preferred
1
9-25
9.14
10- 1
pfd.
Northwestern Publiq Service—
6% preferred (quar.)
V'l
9-16
30c
(quar.)
preferred (accum.):
Pennsylvania RR. Co.
Water
6%
<•5%
8-5
,8-;$;.
8-31
10-1/
...
Invest.,
Northern Central
9y 4
7/
Corp., common
5Va%
North River
8_32
*
79-10
-
—$1
(initial)......
(stock dividend)
preferred
North
8-15
8- 6
f
8,2$
9-1
7 9- 3
70c
Public Service Co? of Colorado—
7%
preferred (monthly)
5
One share Pacific Gas 6s Electric for each
100 shares held (subject to approval of
North American
8-15
8-
8-26
»20c
—
'.8ijs5
8-26
8-31
$1.50
Company, class B_
National
9-20
9-15
9-3
Quarterly 7';
securities profits.
Aviation
the
10- 19"13
'-"'r
IndustrytSeries..../^—.a———
Northeastern
9- 9
9- 3
7c
.
......
..
■
•
8"3a
9- 3
Tobacco
$2
8-24
10-1
9-16
25o.
Series—4c
Public
9
9-
10-15
$1.75
....
8* 5
,8-26
9-16
1;.
10-
$1
$2
$1
$1.12%-
Inc., common (quar.)
$3 preferred (quar.)
Proprietary Mines, Ltd
Public Electric Light
Co., 6% pfd. (accum.)
8- 6
8-26
..
9-16
(quar.)...."
Pocahontas
non-cum.
8-12
1
(quar.)
A
9- 3
250
(quar.)
Wine
preferred
9-13
8-31*
10-
40C
Prentice-Hall,
8- 5
8-26
North American Co.
8-20
8-20
9-20
8-30
e
; 8-26
North American
8-20
/
5
8c
Series—.
Newark Telephone (Ohio)' (quar.)
$2.25
NewbeTry 1J. J.) Company (quar.)—,—
25c
Newmont Mining Corp. (quar.)37y2o
Newport Electric Corp.; 6% preferred—$1.50
Newport News Shipbuilding & Dry Dock—
Quarterly
;
" 50c
Niagara Lower Arch Bridge Co., Ltd. (quar.)
$50c
Nineteen Hundred Corp., class A (quar.)..^
50c
Noma >Electric .Corp.^ (irreg.)—.T—:
50c
Noranda Mines, Ltd.
(quar.)
$$1
Norfolk 6s Western Ry., common (quar.)..7
$2.50
8,20
•
-
6%
8- 5
.
6s
9-13 '
10- 1
.
Powell River Co.,
Ltd....l...._—/$30c
Pratt Food Co. (quar.)
5
8-26
6c
1
9-14 ;
$1.25
(quar.)
'
8-1
1
10-
4.:
$1.75 '
$1-
'
(quar.)
6% preferred (quar.).....
.....
5%% preferred (quar.)
Power Corp/of
Canada, 6% 1st pfd. (quar.)
8-5
8-26
15c
10-
Electrotypers Ltd
Co.
Mining
Creek
$1.50
8-5
i
12o
Oil
11-
2-5-47
9- 1
300
7—
common
J-15-47 1
11-15
25o
(quar.)
com.
(initial
4-1-47
$1.25
Potash Co. of America
(quar.)
Potomac Electric Power—
8- 5
8-26
8c
—
Poor
5
10c
Pond
5
8-26
Polaris
8-5;
7c
5c
Plymouth
9- 3
9-14
12-14
$1.10
7
7
preferred
Pleasant Valley
8-0
7c
:
9-16
10- 1
1-1-47
50c
(quar.)
7%
8-15
25c 2-15-47
(quar.) ./—J.
Pitney Bowes, Inc. (quar.)
:
Pittsburgh Bessemer & Lake Erie (quar.)..
Pittsburgh Coke 6s Chemical, $5 pfd.
(quar.)
Pittsburgh Steel Co., $5.50 pfd. (accum.)
Pittsburgh, Youngstown 6s Ashtabula
Ry—
;
,
N
....
North American
8-20
8-31
j.*20®
-
9-3
9-10
.
31-25
—
Monarch Knitting Co., common
.
.
iS:"
9- 3 f
9- 3
25o
1/40
—
(quar.)
8"*2
$1.50
Missouri Utilities Co.^.common (quar.)
5% preferred (quar.)
2
—
9-1*
9-3
.
J
•
.W:*--
80c
<
B
Mohawk Carpet Mills (quar.)
i-v'
j
.
ml
-$1.27%
$1.37%
$1,50
Mississippi Power, $6 preferred (quar.)^
Missouri-Kansas Pipe Line, common
Class
7
10-1
«L».
(quar.)——_
,
_®"2®
^
50o
15c
"A"
8-
8-31
8-23
v
25c
v,7
$* preferred (ouai.l
Pioneer Suslpendeb Oo.
9-16
.
8-31'
9-3
50c
_
;
Brewing Co
(Chas.) 6s Company
preferred
8-15
9-16
9-10
$2
:
4
9-16
;/
25c
(quar.)
Pillsbury Mills,
5
2
1
—
.
40O
3 20%
9-
9-
50c
$200
Manufacturing Co.
Photo Engravers 6s
8-31
3c
•Includes
8-1Z
.
8-15 '
10-
50c
78-20
i
,.
Philadelphia Transportation—
Participating preferred
Phillips Petroleum (quar.)
8-15
9-18.
8-20
1
Extra
$3.65
8- 8
50c
,/ /
1
;$35c
(auar.l
Philadelphia Suburban Water,
8- 6
3
9-15
$1.50
Diversified Speculative Shares 4.—***
^
.
-
r
held—;—«--r-
.
8-26
$1.50
——
—
Industry
Diversified
9-20
'
' ■^:v
1st preferred (quar,)——.—
preferred (quar.)
prefwred (quar.) ^
6%
Series
r
8-16
8-26
Series—lie
Equip. Industry
Steel Industry Series
8-15
8-30
w.
$5 10
Stock
Series
9-19
9-19
9-
50a,
———...
Public Utility Industry
Series
9-12
o
wcLuTaffi-'T8.
'
6
9-20
9-
?
(quar.)__
$6^ preferred' (quar.)
■
1
9-
Co.—
Philadelphia, Germantown
4
10-
9-
25c
—
9-
8-15
-
$1.06%
Philadelphia1 Suburban Transportation
Quarterly
9-14 «
:
8-31 :
f 9-27
:
9-12
-
8-27
W
preferred
(quar.)
7
8-30
17
40o
?30c
preferred
Co.
9-14
...
30C
.
(quar.)
$1 preference
8-16
50c-
Philadelphia Electric Co.,
8-30
$1.75:.0/9-/3.'^
—
Series
Bonds
/;
8-30
Railroad
10-1
$1.63%
------
r
Rallrofld
-13
9 12
• •
Company, (quar.).-———
'
Co.——.
■
9-30
10- 1
25c
87%0
(Partial liquidating«dividend)
1% shares
of
Northern
Indiana
Public Seryico.
share
$1.50
Machinery,. Industry Series———
Merchandising Series
8-15
Metals
<
9-15
$1.50......
Supply
Government
*
8-31
9- I
»0o
c.
each
(s-a)
(quar.)
Industry Series.
Business Equip. Industry Series
.Chemical Industry Series
Electrical Equip. Industry Series—
Food Industry Series——
n"n7
W V
25o
300
30o
Stock
Building
-
for
preferred
—
8 18
^
Mldvale
6%
$5
9- 9
9^15
—.
.
.*
Power,
J-li
8-24
8-30
8-30
50c
Extra
■
...
8.15
9" ®
;
1
8-15
8-31
32c
;
Phelps Dodge Corp. (quar.).,
Philadelphia Company, 5% pfd.
i.
.,.x-.
5.10% preferred (quar.)
York Stocks Inc.—
Agricultural Industry Series
Alcohol 6s Dist. Industry Series...—.
Automobile Industry Series
Aviation Industry Series
1
_
|5®
10-
^
,
New
01
1-S1-47
♦lOc
.
New York Dock $5 non-cum. preferred
New York State Electric & Gas Ccrp.—
8
8J0
8-31
7-13
Co.
New York Air Brake
«.15
9- 1
8-31
.,...,c.
.
.
Standard
7;
15c
New Amsterdam Casualty Co. (N. Y.)
(s-a)./.-,
New England Laundries, $6 pfd.
(quar.)
New Jersey Zinc Co
.
■)!•.
100%
8-8
'
:::
.
Pfizer
8-23
...
^v7%.;;preferred:-(quar.)ii/-nw!^/,^0»-^^
/;
8 19
J; \
^0
(quar.)——$1.75-
Co.—
r.
' v!
Corp., 4%% preferred (quar.)
Perkins Machine 6s
Gear, 7% pfd. (quar.)..
Pfaudler Co., 6%
>t v
5
8-20
'
1
10-
Peoples Drug
Stores//!/...!/...../....^!..
Peoples Gas Light 6s Coke
Peoples Telephone Corp., common
(quar.)II
> ^
,
8-
9-16
62%o
quar.)
(quar.)
preferred
;w—'
-1
preferred
Pfeiffer
■'
Neisner Brothers, Inc. (increased) ——.
Nestle-Le Mur Co., class A (accuin;)
«-
9-20
-Extra/—-——-—————$1
r
9 3
9 6
9- 1
10- 1
$5
9•
'
(quar.)_,_.__..'._.__„
Salt
8-27
„
"
fguar.)—1—'
preferred
8-16
8-26
25c
Perfex
Research Corp.—
.
Nebraska
8-26
^
*55 /2°
25c
9-15
——_
'
9 *
10* 1
(quar.)—50c
9-25
(quar.)
75c
9-14
National Supply. (Pa.),-$2 preferred (accum.)
4 500:010- 1
4%%
preferred (quar.)
$1.12 %
10-1
National Tea Co., common (quar.)
20c
9- 2
9-18.
8-31
9-16
.
1
8-16
75 c
Pennsylvania State Water Corp.—
'$7
preferred
(quar.)
Pennsylvania Water 6s Power, com.
9-16
National Steel ^Corp.
9-18
'
23J
5%
Pennsylvania
8-20
10-1
$1.50
National Union Fire Insurance Co.
Metropolitan Edison,' 3;90%i pfd. (quan) —/97%o r, 10- t
Michigan Public Service Co. (quar.).—^
25o
9- 2
Middlesex .Water .CO.
(quar.).————
75c
9- 2
Midland Realization Co.—^
TPartial liquidating dividend) ,1% shares
of
Northern
Indiana; PubHc .Service
common for each share held———
—
8-20
Midland .Utilities
&
series
2
rlO, I '
-
(increased)—i...—.
i
|«
_
9-
•
-■
preferred B
Common'
9
10-14
One-tenth
■'Estimated -distribution^
National
—
Publishing——
nreferred
;'
,
.
9" 3
43%c
4.40%
8-26
11- 1
10-
Pennsylvania Glass Sand Corp.—
4%%
(Stock dividend)..
Industrial; Stock fierifta.
<u
Lit
5
»
Co.
Securities
Income
.
,
,
s%
fJ
£3
93%6
Mclntyre Porcupine Mines, Ltd. (quar.)
Mead Corporation, common (increased)
$4.25 preferred (initial quar.)
$2 2nd. preferred (initial)
: $6
preferred A.^
——
$5.50 preferred
Meadville Telephone Co. (quar.).—————
Mercantile Acceptance Corp. of California—
.6%
preferred (quar.)
—
:v;e. 59$ > preferred .v(quar,)^^--^-^^—
8% preferred (quar.)—
—
6%
preferred (quar.)—.———————
Mercantile Stores Co., common (quar.).—
Merchants Distilling Corp.-.--.-——-—
Merchants & Miners Transportation Co.—
Quarterly ——————————
Merck & Company, common
$3.50 preferred (quar.)————.———
Merritt-Chapman 8s Scott-- - $ ---- * «y2% preferred A (quar.)—
—
;
Metal & Thermit Corp., common (quar.)—.
Cooker
Radiator
National
JJJ
*
v
9-
9-14
37%o
National Pumps Corp.—
8%
prior preferred (quar.)
J
1
»
,
8-19
9-30
1-
40c
(quar.;
preferred
8-22'
9-20
;
10-
common
;; Common (guar.)
$1 preferred (quar.)
$1
8-31
9- 3
-
12%c
■.,
^/»/^^_. / JQo
Matron Navigation Co. (quar,),——^ n
May Department Stores Co.—•
^
'
(increased quar.)
$3.75 preferred (quar.)..
May McEwen Kaiser Co.—
New common (initial quar.)— -——
McClatchy Newspapers 1% pfd. (quar.)
7% preferred (quar.)
f Common
■
,
for
National
1
10-15
r..
6c
g-29
(final)—oIor
(interim)—..——
Electric
Master
Power
8-10
Lo^
J25c
9-10
8-22
(quar.)
Pennsylvania Electric
•
Light, com*
each; share held...—....
National Pressure
"
91J
'S '1!
—*
Pennsylvania
mon
««-•«.—»•.—»—»»•.»
Massey-Harris,
9*
8-31
Birmlngham Electric *Co., conrmon, one-sixth share of Carolina Power
& Light, common, and one-eighth share
8-15
|5c
,
8-20
share of
J-17
AJ5S
■,
National Power & Light—
Partial liquidating distribution.
[ 1
.
o.
8-
..
8-9*
9-10
9-10
9-20
35c
'
'
Common (initial --quar.) 7./—
7% .preferred (initial
quar.).....
Paul (Peter)
Inc., new common
Common
8,31 /
133/4C
(quar.]!.^^.^...
;
—29J
1 oiA
8-31
9-9
10c
National Motor Bearing, common
$1.50 conv. preferred
.
Extra
8- 9*
100
■
Common'(Initial)
fl
Jij
8
^
9- 9
4% %' preferred- initial :(quSr;)-~—$1.12%
8 30"
Macwhyte Company (quar.)—25c
8 e
Madison Square Garden Corp.— : v ^
i
New (initial quar.)
ra.™
Magma Copper Co.—
25o
9-1
Magnavox Company (special)
. .. 9 1
Magor Car > Corp..—^
———
200
»-3J
Mahon (R: C.) Company .(increased) —.48®
Maine Central RR., 6% prior pfd. (quar.)1
^Mallory (P. R.) & Company.----.--^-—
Mo
9-10 ^
i Manhattan Shirt
.ei
%olao
Marshall Field & Co., 4pM., (quar.)—
$L08Vi
*9"3?
Maryland Drydock, common (quar.)—
i
414% preferred (initial quar.)-.
;
4L12V4
10-L
Masonite Corporation, common (quar.)—25o
8-23
Co^(quar;L^-4r^i7^
8-15
20d
National Life & Accident Insurance (quar.).
National Linen Service (stock dividend—
jje
9I26
25c
9-14
9-10,
preferred (quar.)
; $1.06.
Dairy Products (increased)
40c
National Discount Corp., common (quar.)..
50c
5% preferred (quar.)..
$1.25
National Gypsum Co., $4.50 pfd. (quar.)
$1.12%
National Lead Co., common
<quar.).—
12%c
7% preferred A (quar.)$1.75
6% preferred B. (quar.)
$1.50
» v
9- 8
9-13
t?5®
?35o
Paper——.—
&
9-30
25c
.../.
8-20
$1.75
Electric Switch Co.—
$1.20 preferred class A
(quar.)
Peninsular Telephone, common
•
9 18
$1.50
(quar.).
10-15
3
Penn
25c
<
9-
$1.50
(initial)
Peabody Coal Co., 6% preferred
(accum.)
9-30
10c
(initial)
(Initial quar.)
(quar.)
new com.
'>
Manufacturing Co., Ltd.-—
8-13*
10-15
8-20'
37 %c
V
6s Reel Co., common
preferred
(quar.).__
$4.25
Paton
/
9-10
25c
3
(quar.)
10-18
8-30
.
..
fl-17
J
8
9-13
-^50
—
Ltd.. (interim).
Mackintosh-HemphilMquar.)
Power
1
j
9"13
«8c
11- 1
$1.75
8-20
9-
I
,
(initial
8-7
10c
1
?
Parkersburg Rig
8-15
7-29
8-31
;
Venezuela—!
common
8-29
3
15c
.....
Parmelee Transportation
Parker Pen Co.
8- 9
10-15
30c
30o
-
4%%
«-S0
$»
Mines,
Maclaren
-
;
9-2
National
n.on
10^ 1
10-1
$1.75
\1%
■
15c
Extra
*
9- 3
Corp.
Lines,
Container Corp.
National Cylinder Gas Co.
.
12 zi,
j-1
.n
Lord & Taylor, common (quar.)
*% 1st preferred (quar.).—
—Lorillard (P.) Co. com; (quar.)—————
Macassa
National
12-21
.
Cellulose
National City
9-20
9
.
Extra
■
National
S-2L
9
$81%0/v9- t
(quar.)
Airways
of
1
3
9-
25c
(accum.)
(quar.)^
9
9-
7
$$1.25
American shares
t New
12-19
Automotive
preferred
9
8-
8-14*'
$15c
Paramount Pictures—
9-19
12-28
Company, common (quar.>
preferred (quar.)—_——
National Cash Register
(quar.)......
in_2i
2.4J'
82 1-2-4T
200
9-28
$1.50
7%
1
»
«.
-
8-18
,
io-l
-S
/
8-31
$1.50
National Biscuit
^
^
,
Longhorn Portland Cement Co.—
si
0
8
oJn
in
(monthly)
—
f v 8% preferred;(quar.(■;
8%' preferred
.(quar.)-^-.——tone Star Gas Co.:(quar.)—
8^
9 2
8 2
8-31
9-12
,
American
Pantepec Oil
,V,
.2—.
Fibres, Inc.
National Battery Co. (quar.)
11-22
^
3 10-47 2 zj-*
9 1
it
**
—
Common
■'*
12-10
8-16
$5
Panhandle Eastern Pipe
Line,
v
4% preferred (quar.)
-t.
Nanaimo-Duncan Utilities—
preference
(quar.).—
6%%
National
^
g
60o
,25c
Pacific
Pan
8-31
'
Manufacturing Co.
Mills
(increased)
3
(quar.)..^.;,,^
6%
i
50c
j Special ..guaranteed (quar.).-.-
(quar.)
Company ui:
of:America—
preferred (quar.).
preferred
9-
8-15
8-15
9- 3
$1
class A
6%
•
'■*
illio 1142
<1^7 2-24-47
K& 3 £?o 2 £23
50c
9 10
8
«i
8-31
Paper,
8-
2 '
25c
Pacolet
;
8-15'
.
10-
1
$25c
Co
Oxford
8-15
9-16
C $1
,
37 %C
Mutual Chemical'Co.
1
$2
...
Muskogee
;
|} }o
—
9-
^.
jLio
8 1U
u
25c
Murphy (G. C.) Company (increased)
Muskegon MOtOf Specialties—,,
$2
fA
(special)
preferred (quar.)
;J;-$4-preferycd'B—'
8
,
B
Works, 8%
Line, Inc., $4 preferred A
Munson
«^i
Tj" 3
9 ,}
8 31
89°
,
class
Muncie Water
8
1-10-26
398\
£r 9
—
tincoln Stores, Inc.,
tUn
9"13
tt.
C,7%
<
it
a
37 %c
Corp.,
Brush
9-
$$1.75
preferred' (quar.)
Outboard Marine 6s Manufacturing
-
9-10
$1.12%
5%
,
9-10
$$1.50
1*
Ottawa Light Heat 6s Power
Co.^ Ltd.—
Common (quar.)
:
s
1
8-30
Ltd.—
......
11-26
.
Mfg.
Power
•
8-27
.
9-
5c
Ogilvie Flour Mills, Ltd.; common
(quar.)..
7%
preferred (quar,).
Ohio Power Co., 4%%
preferred (quar.)....
7 Olin Industries, Inc..
:
8-30
Oshkosh B'Gosh, Inc.,
common-(quar.)
8-19 0
$1.50 preferred
(quar.).,
Otis Elevator
Co., common (lrreg.)
9-24
6%
preferred
(quar.)
8-30
8-30
9-21
"
(quar.)..,..........
8-30
j x*
Mulllns
6s
9-21"
15c
8-31
'
$2^0^
Light
preferred
8-15
...
'
6%
1
1
>$$1.50
.
L
Scotia
5
8-
1010-
25c
Extra
Nova
8-15
—.
-
9
of Bee.
9- 9
\
40c
preferredZ!...!
6%
Norwalk Tire 6s Rubber
Norwich Pharmacal Co
8-10
Bolder*
Payable
-60c
-
140c
Northwestern Utilities,
8-10
8-10
:
Jg- x
J" J
.
1
-
,
Liberties Gas Co
Northwestern States Portland
Cement (quar.)
Extra
'
3
8-23
—
.
When
Share.-.
Northern
'
——
9-
3
8-23
25C
9-30
9-16
—
~
THE COMMERCIAL & FINANCIAL CHRONICLE
1124
VfC.v'
~WM*}
:
I
'
"'.7\
'
of'fcompoiiff^; > >
NaiM
Reeves Brothers^ new commoa
Short
7
(initial quar.)
10r
25c
I $25©
Regent Knitting Mills, Ltd.—»
Reliance Grain, 4%
preferred, (initial)
Reliance Manufacturing Co.—■,» 'V^-vtrr^y^vi1
6* 8
9*18
8*31
Storyline Fbrn'iture: Corp. (4uar.)—t.—-
846'
-•v->
fiXtrSU
3%%
Co.
Republic Insurance
of
Texas
Fund/Inc.—
Republic Investors
(quar.)
4%
Gas
preferred
Rockwood
Electric
&
F
series
5%
New
,15©
90c
;
v
7 $1.75 ■l 10■
.
,;V 9-14',.
i-
9-
20c
9-
3
$1.25
10-
1
.10-
1
(quar.)_—
$1.25,
,7.
>V.f7'.1
.
(initial quar.)
Industries, Ltd. com.
7% preferred'
(quar.) J
Saco-Lowell
St.
l"
9-1©
8-30
8-15
3
10f 1
Semler
(R. B.),
Serrick
Corporation Class A
Inc.
Class B
8-31*
Tobacco
5%"
8-30
Extra
$19c'
......
25c
9-18
9-
250
9-18
tiod
fii- 1
tf-10
25c
9-11
23C
9-14
ioc
9-14
$25©
8-26
7-18;
506
8-26
8-15
8-26
$1.50
8-31
3
8-15
8-20
$-15
9-30
9-20
—
$F:-
-
9-
35©
50©"
—
62 %C
pfd;
(quar.)ww::-i-:::-i-:«r
(Franklin) & Co., 7% pfd. (final) -r
4%% convertible preferred (initial quar.)_
Simon .(H.) & Sons, .Ltd.; common (quar.)—
5% preferred (quar.).
Simonds Saw & Steel
(increased)—.—
Class
—,-*i;
Works
dividend
(irreg.)
(two additional
-
8-15
9-18
506'
-
9-10
Iff- 2
ff-lff
9-16*
9-10
8-20
9-3
8-16-
$1.25 '
256
(quar.)—
-
-ti
-
-i
-
i
8-16
Yale
9-10
8-31
Yellow; Cab Co,
376'
Coal
7%
Cos.
pfd.
New
9-15
•
$256
■
(accum.)
8-3<r
-
$1.73
—
(quar.)—
10-
25©
Investments, Ltd.—
preferred A (quar.)—
7-31
1
9-
9-10
$1
:
preferred
7%
preferred
53c
■S*
50©
'
9-
50C
,
1
-'6-20"
9-15 J- 8^15''
6-30
* I2-26-
8-15
9-2ff
406
'
id^i-
•
25©
4Vifo?
preferred
'
(quar.)
ii
$1.12%
37%6'
preferred^ B (quar-.)
California Water, 4y4%
3o.
Canada
Southern
6%
participating preferred
3outhefn Natural Gas
Co',
Pacific
Southern
Railway
Southwestern
pfd. (quat.)___
Co.,
Power
Southern
Co.
-
Co.
$3.75'
9-30
8-30
8-26*
United Utilities &
0-16
8-15
Universal
pfct.
$1
10-15
106
9-3
$1.37;%
(quar.)^
—
1- 6
8-26
9-10
Oil
Extra*
9-16
ff-
Van
3
8-28
8- 6
8-31
'.s-Ts,
9-16
9-10
25c
ff-10
Ltd.
Extra
Stock
terling
(quar.)dividend
Drug
Inc.
—
Vlsklng Corporation—
12-12
11-30
9-
8-31
8-22
10-
100%
(quar.)—
prior preference
r-
} •i /"
(qnar.)^',);,T. sr..V^'\\.s:
i
?■ ••••
25c-
1
1
9-14
-
8-23
50©
v
9r
8-12
3
8-15*
jj ;'.fi
-.
UO-
1-
■
would
^
permit
the
10-
$5c
10-
20c
•9-
15c
3
9-3
8-20*
*
10-
9-20
'
8-22
/
8-15
.
to$titutioii--»
1-1-47
30c
'J..
—-
-
''
t-Xy.r
75©
-
9-15
'iff-
8
75c
•
-
ti-ii
4-15 k/M&i
75c
-
12-15
12-
5
:* ;> >.
;.
7 > 7'
,
>"
-
t4*>>.
1088)
page
-..v.:......—;.—-
punching
to7 the
incorporating
the
<
i
9-19
1-1-47
10^
$2
0i2$I
12-29
•
Class
ments
-
Surge';:«
design
Prestole
of
and
pretole3
in
a
manufacture
method,
the
single.operation.
clips and fas¬
of
use
of
which
Would
'
•
'
<fel
•
9-9
8-29
Iff- I
79-20
ff-3ff
50©
,
w
206
ff- 1
$7C
9-16
9-
30©r
r
.),
F-10-
$nff
12-10
$1.75
-
8-20
9- 3
fi#l
these
9-3
fasteners
were
designed and'made
■ ■
$2.50-
,
$1.50
/ 20© *
•6-1$
•;
has
ever,
ff- 9
9 ?7ff
10- 1
10- 1;
8-31.
to
reason
,
ff-31
believe
t'v
$5
*V'
62% c
37
%©
1
denser,
8-15
3
.8-23
9-
9-24
11--
1
-
.
•
""■
37%©
8-1-47
7-15-47
13%0
—_—
"V15©
*
$1.50 ;
$1.75
ff-15
9-15
9-
7
,•8-16
9-10
* 10-19
10- 9
of
fiubreScerit
num¬
therefor
have-
electronics,
con¬
lighting,
automotive,
avi-
for
the'
manu-
:--:';>>4/7>:77;
••
1946,- the unfilled' orders
aggregated
an'd
to' estimate' the
or
their.effect
whether
on-
customers'
schedules," it;i-j
yvill
b©
:
AOQUISlTlON OF BUSINESS—-On- May'1
1946> the^ company ©#>
ferbd" »4nto g contract to purchase^ from. Detroit
Harvester Ctf. certain
assets Und
<
production
"pCt'idd" oVeF Which" these orders
them- will be cancelled,
ahy portion- of
the business of the latter's Prestole
;price provided.' in the contract; of which,
-
orders
radar,
industries. " ManUTactUre of
tooling
these prbducts ha's been' Commenced.
Impossible
5
3
9-20
>'9-
been "developed and
in" the radio/
other
conditions
.
9- 5
have
on hand for various
fastening
approximately $294,000.
These orders. are
largely
for-, current, requirements of customers, but due. to
present economic
7
•
principally,
th© fasteilers. manufactured
pflor'to the "war,' £
fasteners
April 30,
devices
2-1-47 1-15-47.
5-1-47 4-15^47
37 %©
used
company, how¬
that sales " of - Prestole
products Will b'Owhen normal- production can be resumed.
from1 customers
electrical transformer,
and
facture
';:7At
9-10
10-15
37 %c
1&A6
——
ff-26
new
war,
rfeceivfed
ation
•'
•
of
bee©
filled
A
(monthly) —
Class B
(monthly)
Vogt Manufacturing Corp._—:—
Vulcan Detinning Co.t common
*
7%
preferred (quar.)
In addition to
ber
8-20
*
ff-10
tVerfe
Electric;
With
termination of the* vrtff, -thl: Manufacture! of
products for
peac© time "uses has been resumed-. Due- principally to
problems inci¬
dent to reconversion- to peace-time
production, and5 recently to' short¬
ages of raw materials and other
factors,-the business has b'eeri-ebfiducted at an operating loss since October -1, .1945. The
;
9
ele-
th©; assembly of automobiJes,; jefrigerat0rs;v and
.stoves. '■ The. principal customers, pfe-war, were Ford Motor Co,
Chrysler Corp.,. Gehf_©ral Motors Corp.; Nash-Kelvtaator Corp; and •General-
8-15
$2.50
tfhich
in
8-13
■;9-:i::
50©
unthreaded
such'as
integrally cast studs or plain rivets.
These fastener©
are? used to' attach ' ornaments,;name
plates and ornamental molding
trim to automobile bodies and other
products, ' %
r >«, :
r; a
,■
Subsequently and prior to the "War, a number; of.
adaptations of
0-15
1r
grektef thatf before "the
8-31
/: 8-12
9-11
$15c"
9-
9-3
savings iyr; assembly .costs,. The years 1936
through 1938
mainly devoted to the furtherance of
these-objectives;
During the years -1937, 1938 and .1939 there were
developed a num¬
ber! ofr different types of
spring nuts which are no*W knowh ta the
trade as "Quickies.7 These .are
best described as
spring nuts; mad©
of relatively light"
gauge spring steel, use© to fasten
Co.—
9-12
3
€
75c
,
10-15
60©
12%©
-
•
Ry:
12 %C
—
;ofeely-Van Camp Inc.— -•••-;«.:r5%
Pacific
,
——•
Common
Shreveport &
5%
9«i 3
10©
(quar.)-uu^—a^-—
terchi Brothers Stores, new common (quar.)
9-10
were
8-30'
'
75c
$3.50"
8-31
7
9-
D-Iff
Raalte
Common
8-12
II- I
75©
9- 3
9-16
$1.12%
25c.
make possible,
8-15;
62%©
Li
9-12'
preferred; fquar.)—
——.
Standard Stoker Co. (increased)
—
Standard
Wholesale*
St
Acid
Phosphate
Works (quar.)
;
teams
Manufacturing
Co
4■%>
Brothers,
prior preferred (quar.
VicksbUrg
8-12
I(P f
60rf'
9-20
.
(Continued" from
second'" relhted
teners
8-31
9- 3
—
-(s-at
preferred, (s-a)
—LJ
Monaghan Co. (quar.)——_———
Victor Products. Corp—-.-ii.:——
Virginia-Carolina Chemical Corp.—;
.
$6 participating preferred (accum;)-^iiw;
Virginia Coal & Iron (quar.)--—
Virginian Railway, common (quar.)'———
r
6%
preferred
(quar.)
6% preferred (qu^f.)__i—
6%
preferred
(qUar.)—
6% preferred (quar.)
.«,£
31%©*.
9-15
—
Victor
(s-a)*
50©:
——
Company————
Vanadium-Alloys Steer _Co,_^-1-—-——;
Vaffor Car Heating Co., Inc.—
7 % preferred
(quar.)
—
7% preferred' (quar.)—;
VerneyJ Corporation (initial)—-:
;—:.—
Viceroy Manufacturibg Co., Ltd. (quar.)'—_
Vicft chemical Co. (quar.)———'
9-20
—i*-—
The
9- 3
12- 2
SO©
750
i:
Paving & Materia^ Ltd.—
Participating convertible preferred
Standard Steel Spring-*v.
9-16
12-10
$1.06%
>
——
preferred
5%
7-31
10-
65c
which
256
Utility Equities Corp.*^-:«.!• •'*
$5.50 priority "stock* (Cecum.)
J
$-15
62%c
37 %e
of Indian# (quar.)—
i
$$1.25
(Increased)
.
ff-15
tt Light—
.
8-39
ff-
2
25©
(quar;)
i
(quar.)
8% preferred (aefcum.)
Utica Knitting Co., common (quar.)
»■
8-15
3
8-15"
9-
!
•
(initial)
preferred
$3
Standard
tedman
common
$3
8-23
9-16
fe
9-3.
40©
37%c
$1.12%
Gorporaiion ariil
*
Upressit Metal Cap.
9- 5
'
i'
.
New
8-31
$ 9-20
preferred (quar.)———
406
Fo^ngs (increased quar.)—206
Fuel Co.. 6%$ preferred.——,.— $$1.10%
Standard Oil Co. of California
Standard
Universal Products 06*.—
Upper Michigan Power
306
94c
25©
-
—
8-20
quar.)-————
(quar.)-.—-—:—i
(Detroit) —
(quar.)
mmm-.+m~mmmmm*
8-20
9-3
9-14
convertible
Standard
8-26
$1.37%
$1.12%
Co.
_—.
7-31
8-31
—
ff-30^
ff-30
■
106
Laboratories, Inc.—
Quarterly
Quarterly
Universal Match Corp——
Universal Pictures, 4% % preferred
(quar.)—
10-11
8-20.
——
9-iff'
ffi ff'
9-16
$t
tiv/zc
——
Specialty Corp. (initial)
Insurance-
8-20
.
ff-15
■>9-141
I
10-
Universal
8-31
35C
8"-22«
04 2
62%©
9-12
(quar.)
$6
(Dallas)
8-19
0-4
$1.50
•■<*<■.
9-16
'—
Telephone,
Standard-Cciosa'-Thatchei! (increased)——•
Standard Dredging Cor#.—
'
$1.6©
—i.i—
75©
—i—
gffd'
(qua^)
$1
Quarterly!
— •'
36%6
Standard Bfftnds, Inc., $4.50 pfd. (quar.).—
$1.12%
Common (quar.)
406
Standard Cdp & Seal Cprp^-* ;
'
$1.60' preferred
(quar.)
406'
Standard Chemical C6., Ltd.-»r
V '
preferred
preferred
8-21
,
37 %c
(quar.) _—;—
(initial
preference
Standard
C6mmon i-ii
•
.
U. S. Steel Corp., comfhon——
United' Steel Corp., Ltd.
(resumed)
Standard Accident Insurance
5%
8-15
Manufacturing Co.—
comrao'tf
New
9- 2
10-15
;
9
9-
$2
9-5
9-1
CORPORATION—The corporation was
ineorpbrateff ih - MIchigaii
May. 14, 1946,'! under- the* name -KostrWxlffht
Co.;: to acquire, eertainr
assets .and .thC'
buslnesS of ^ the. prestole Diviffion of Detroit Harvester •
Co.: (Mich.) f -The latter-company,
through, a series of. transactions ii$
1938, 1939 and 1940acquirgd. the.
assets.. and.. business of Presto!©
Devices; Inc.y a corporation iprganizedj in
Michigan in :1936, ^' '
:The business was started in 1936
by the company's president, Har¬
old jW^Kosff ahd some
associates, to manufacture and further
develop)
metal screw fastening
devices pressed from sheet
metal/ known a©
"Prestoles."/The name "pre.stole" is derived from
the words-pressed
hole."
I
The development-of the Prestole
business involved iw6 objectives.
The first related to the design.and
manufacture* of tools and dies
9-14fi
8-19;
,
prior
5%
Spear & Company, $4.50r 1st-pfd.'(quaT.)
$5.50. 2nd preferred (quar.):.
—
Spiegel,' Inc., $4.50 preferred- (quaT.)
E.)'
S. Rubber Reclaiming Co.—
1
10-
$1
■
256
56 %c
-
r
9-14'
9-9
—*•—
—
preferredt (accum.)——w—
United States Printing & Lithograph Co.—
8-20
-
$$1.50
(increased).
(auar.)__
Associated
O-llS'
•
$0.253819
(quar.)——ii
Southwestern Life Insurance
(A.
U.
Ltd.—
Sovereign Investors, Inc. (quaf.)_
Spartan Mills
Staley
$-16
9-1
8%
6%
-i._--.i_
U. S. Rubber Co.. common (increased)-—
8% 1st preferred (quar.)—
Edison—
California
Southern
Extra
8-31
8-26
8-2ff
8-15
Juli'if tiffeied
'
$1.00
Extra. ;i*-vi-i------—-Telephone, 6 %" preferred-™—
Southern Advance Bag & Paper®- ^
■
Southeastern
9-16
.
22,500 shares of 5% cumulative convertible*
preferred
stock at /par- ($10) > per share and dividend
and* 60,000
sharfes of; commori* stock
($1 par) at $6- per share.
.
3-31*
11-30*
12-20
506
8-lff
'
i
9-
25c
.
8-31
|
Id-1
ff- l
9-1
PrfcstoTe f Corp;--Off©ring of
Stocks-^Ball,
Kraus and.Stoetzer, Faultner & CoPOrt
*6-23
l-2-4f ;
40©
p 8-10
3
9-10
Investment lews
I
;
Quarterly
Quarterly'
U. 8. Playing Card (quar.)
9-
J-
Si'Ac
(quar.)
——
6
9-13
.
25C
22'%©
——-
'••';8-.15;
8-23
30©
w.4.——
ff-13
10-
•171tf;;:; -ffi: 3
-.1-—-
9- .5 i
$i;.5Q 7
...
General
v
-
(quar.)—-.
—
8-20-;
■
——-
.9-30
8-31
30©
(increased quar.)
8-20
10- 1
:
10-15
"i"
25c'-;
.
7;
8- 5
8-20
9-30
'
50©
25©
9-20
9-3;
$1.75%^
-
9
9-10
9-10,
$Payable in Canadian funds, tax deductible* at the
source.
Won)*
resident jtai 15'%; resident -tax, 7-%. a Less
British, income ta*:" >r
8-15
-
$2'/ m 3
9- 3
$3.50 '
(s-6)—;———
8-
8-15
8-27
$2-"-
6-15
2;
8-31,
1
lOvio
••••-•>
•
—
WM
9-10
non-residents'
o
$2.50
^
-> 9
Iff- 1
30%- Jamaica Income tax.
/
•Transfer books not- closed lorthis-dividOHd;
tPayable in U. S; funds, less 15% Canadian
9-11
8-13
.10- 1.
v
$1.50
$14
—
xLeSs
7-17
9- 3
t» -
58%©
25c
Manufacturing Co.—,——
& Tube
8-13!
" 8-3ff
40©
---s.
(quar.)_
(monthly)-
(San Francisco)—
8-15*
,8-30'
;
25c
1
-p
11- L
9-14
25C
,
2'
::
i/
.250
•
common
Quarterly'
Quarterly
6-15
25©
(quar.)
6
ff-lff
9-1
lff-I
SO©'
—
common
Towne-
Siohi's1- Cooperative Mercantile
8-23
10* 1
$756
(quar.)—
CO:ii-_
Envelope Company,
&
I
U-19
,81.25. 3-15-^-7
Wurlitzer
Youngstown- Sheet
'
■
9-2
*30©
America—-
'
■
8-15
8-30
>
.$1.25„
Wright-Hargreaves Mines, Ltd. (quar.)!
(Rudolph); Co, (quaT.)-————
9-3
;
8-15
11-
...75c 2-15-47
(quar.):——
(Wm.) Jr. Co, common
Common (monthly):,;jf.
9-16
25c
9-3
preferred
Co.
$-h
9-3
11-15
20c*
Wrigley
*
—
i
75c.
common.
pfd.
-tf-lff
-75C;
—
$6 preferred
Inc.ii-i—
8-15
8-31
;
;:>$i
;
8-15
8-15
.8-31
106;
Company-——
Company,:
:
v
*
> 5c
Wool! -Brothers, AYz'%
preferred (quar.)—
Woolworth (F. W.) Co. (guar.)
Worthlngton Pump & Machinery, common—
4 % % convertible
preferred (quar.) :—4._"
4%% convertible'prior preferred
U. S. Pipe & Foundry—
8-15
9-1
9-20
9-20
C.)
Woodward Governor
306
(quar.)_—
(quar.)_.._
U. S; Lines Co./ commod (quar.)
4j/2% preferred (initial)
(s-a)
845
9- 1
6
10-1;
50 c
(qiiar.)—;——
(quar.)
:
u__„
U. S. Hoffman Machinery Corp.—' .
4%%
preferred ^initial)-.
U. S. Leather Co., class A (quar.)
t
..
9-
8-31
*
(quar.)
8-16
; 8-31
Wood Newspaper
Machinery Corp., common
10c
5% convertible preferred
(quar.)—31 %c
Woodall Industries, 5% conv.
9-6
9- ff
U. S. Guarantee Cor of N. Y-.——-—
U. S. Gypsum Co., common (quar.) —.——
shares for
.
quarterly
S.
7%
!
each three' shares'held)———_r
9-30
'
y
8-15
8-30
$4.50
Fuel
U.
Southeistern Greyhound Lines-^
Increased
*
United; Specialties
8-18*
Wilson- &
6
9-30
;
'
8-15
11-15
8-31'
37%
*
Manufacturing Co
(R.
Willson Products,
93%6
United New Jersey RR. & Canal
8-20
8-2ff
8-31
9-
9-16
prior preferred (monthly)
6.36% prior preferred (monthly)——,——
7% preferred, (monthly)————
•8* i
9-14-
1
6%
8-10
9-1
$1
9-30
United Illuminating Co.
(quar.)
United-Light 8s Railways (Del.)—
8-15
9-3
9-8
-
8-30
United Grain Growers, Class A pfd. (interim)
-
Lathe
Electric
6%
1
9*10
«
11- 9
9-10
17%©
•
v,-87%©
preferred (qUar.)—
Gas & Electric—
406
(increaseds. quarj w*--—
97% 6
$3.90"' preferred (quar.)
——
25©
Socony-Vacuum. Oil > Co..——*___
30©-<*
Soutodvlew Pul^ Co., commfion (quaT.)_^i.—
Bend
of
"Corp.,
Dye wood
8-10'
3%%
Common
■'■'''frrfit J&ri
United
8-21
' 60©
;.■*
Products
Co.
United
8-26
:9-16
11-15
:
^
8-15
11-15
12-! 2
;
pfd. (quar.)_— $$1,12%
Corp. (quar.)_
35C
~
'
3,
$1.06%
—
—
Williamsport Water,
1
37%©
$1.12%
——
CO.-
8-24
75c
—
(quar.)
Paper
Williams
25c
62%©
13 %c
"4
Chlorine Products
8-20
9-1
.
/iUI/vwI^a
8-177
8-15*
9-15
Wichita River Oil
Corp, common (initial)—
Wilkes-Barre Lace
8-20
9-3
$1.50
(quar.)
Fastener
United
5
8-
B
3
9-
(quar;)——
(George) Ltd, 4%%
nn
9-
$i.5tf
Extra;
8-20
9-3
50c
\XT ncftro
8~2
9-9
A
8-17
12-2
22%e
=
Weston
58 %c
Cigar-Whelan> $1.25 prior preferredCorporations, Ltd.—
United
8-28-
8-26
Aircraft
United
,
5
8-
A
preferred
3
i
•";$-3L':
(quar.):—$1.25
,
r—
Westvaco
Whitaker
8-20
25©
—
Rubber
Car
United Biscuit
"
;
Stock
8-
Tank
United^Carr
ihI5
9-14
preferred
United
8-17
1
&
8-9
\ 8-26
California—
of
Company
United Aircraft Corp.—
5% convertible preferred
8-17
9-3'
9- 3
$30c
$$1.25
$1
.—
;
Union
8*31
9-
756
$3 convertible preferred (quar.)-:———
$50©
Simpson's, Ltd-.,, class A (interim)—
——
Class B (initial)
; :
$50©
;
$$1.125/2
4%%
preferred (quar.)
—
Smith (Alexander) & Sons Carpet Co.20©
Common (quar.)
South
$3.75
1
8-31
56 %0
Publishing Corp.—•
Oil
9-12
$75.48
-
1
9-
9-14
$50©:
•
Asbestos
Union
9- 1
;
8-31
15c
Simon
9-
9-15
9-15
Corporation*
Union
8-24
8-24
9-15
50c
25©
—
•
—
Underwood
$-31
-
*
Signal Royalties, class A (quar.).;
Signode Steel Strapping Co., com. (quar.)
5% preferred (quar.).
Sioux City
,
;
5%
41%c
(increased quar.)
Century-Fox Film com. (quar.)—
•■-'Extra
3
9- 3 >
•
'
Coal
$1.50 coriv. pfd. (quar.)—
$4.50* prior pfd.
(quar.) ————
—
208* South La Salle Street Corn., (quar.)—w
Tyler Fixture Corp./ 5%% pfd. (quar.)——
8-10'
Shurorf
Extra
8-22
8-22
1
H-
$31%©
Valley Water, 6% pfd. (quar:) —
Sherwin-Williams Co., 4% pfd. (quar.)—
Simmons-Boardman
11- 1
9-^r;
8-30
30©
Truax-Traetf
Twentieth
8-30
9-15
25c
Company, $6 1st preferred (quar.)—
Trinity Universal Insurance (Dallas) (quar.)
10-19*
preferred
—
'
Trane
9-Iff
9-12
;
Class B ■'
Co.
(increased)—
quar.)——;
Bearing (irreg.)r*—k.
Securities (interim).
9-15
.,$!•
8-30*
10- 1
; 9-.: 5'.
9-16
<
25c
(quar.)
—.
9-10
1
45c
—lit--.
Silknit,> Ltd.1 5%
10-
is-©1
(quar)—-—
Optical' Co.- (quar.) 'LLs£
Signal Oil & Gas, class A—
preferred
deposit receipts (final)—,
Toledo Edison Co., 5% pfd.
(monthly)—
6%; preferred (monthly) ———.—
•7% preferred (monthly);
9-281
l2-20i5
9-30
850
Shenango
-
4%
.i5c
9-
$9.'■
Westlnghouse Air Brake
————-i:
Westinghouse Electric Corp., com. (quar.)
7% participating preferred
(quar.)——:
Westmoreland, Inc.; (quar.
4—
Weston Electrical
Instrument (quar.)
11-25
9-Xff
9- 5
31%©
-
2
12-
50c
12-30
y
Shawinigan Water & Power (quar.)—•
Sheaffer (W. A.) Pen Company (quar.)
.
$2.50'
—.
Company (quar.)
Thompson Products, Inc., common
9-
,9- 3
;
.
Common(quar.)
$5 preferred
A;;(quar.)—:.———
9- 3
c
48-31".
20© :
xr~t
(quar.)
...
25©
17 %o
—
(U
9-27
.
$5
Thermoid
Investment
(quar.)
10c
Tinikefi. Roller
-
25©
partic. pref.
4%
8-30'
8-31*
17%©
ja^Lsn
International
Canadian
Co., Ltd.,
(quar.)
American
■■
ff-lff
Tide Water Associated Oil
Tilo
Roofing
(increased
9-16
Second
Co.
,
*
756
H.12:
Wesson OilSnowdrift^
:
$4 convertible preferred
(quar.)————
Western Auto Supply Co
Western Pacific RR.
Co;, common
8-26
8-12
$5
(qUar.)
Land
8-26
9-16
256
75c
'
—
Extra
8-26
8-12
9-16!
8-23
non-cum:
& Co;
&
(quar.)
Thermatomic Car&on Co.—
/
$5 preferred
(s-a)—
Corp.—
(quar?) ;—,1
Welch Grape
Juice, 4%% preferred (quar.)_
Non-cum.f 2nd preferred-,——:
Wellman Engineering Co. (quar.)
9- 6
506
(Del.)
8-13
;
'
$6-: preferred
8-26
25c
t
Oil
-
9-149-25
3'
$1.75
9-10
5%
Sears Roebuck
(quar.)
8-24
9-16
preferred (quar.)
& Pacific Co.—
preferred -——i..*—
San-Nap-Pak Manufacturing Co.—
70c preferred (quar.)
—
> 70c preferred ', (quar;)
Securities Acceptance Corp.—
Common (increased quarj:—
5% preferred A (quar.) —.—,—*—•
—•
Scott Paper Co., common (quar.)
:
$3.40! preferred (quar.).
Scythes & Company,='Ltcf, common (quar.)::
5%
preferred (quar;)
u—t—
Seaboard Oil Co. (quar.)—.
——
35c
25©
pfd.
Petroleum
*
sr
7%
•9-16
Participating units i-:—v—--4.
Washington Water Power—
8-15
** 9*"
l(h 1
•>8-16
^preferred(s-a);'-——_w_,_—.
$2.50)
preferred (quar.)v___—$1.25
5%^
8-16
s
8-29
v
$5c
50c
$1
Mountain
Rocky
;106
-
(quar.)
Service
8-9
9-13
8*23
fl.5ff
Louis
(accum.)
5%
8%^
8-15
v
8-16
ix$*w
_
—
Common
8-30
«-15
50c*
preferred ^quarO'--^
Washington Railway & Electric Co.-r-
8-15
"
10-1
/ii/
4
WaTreav..(S;;-D»t-^Covirfcbniihoni/»//,w-_—i-r....
$4.60r
.
8-15
50c
Sulphur (quar.)
Public
Texon
9-12
9- 3
Joseph Water Co., 6%
$3c
8-10
Common
..
Corp.
i
;
9-19
256'
y
St.
preferred
Extra
Texas
'
.
——-—-—
St.
.
25©
3
9-10
IOC
.
—U
1
(quar.)
Haute Water Works,
Texas Gulf
9-12
9-30
1st
Terre
9-10
9-30
Mines,
Transit Corp.
Tennessee
8-15
9-
7%
vv
8-15
9-1
r,
$$1.75
—
,—_
(quar.)
9- 3
9-20
"
1
9-
——
9-18
9 -12
'
10-
40c
,
8-.13//t/ Warren
3
40©
(quar.)
Ltd.
(quar.)
,v «- 9
$-16
^
is
the
sum
of r(a)
7>.V.v> I'
■
/
Division. The purchase
the company has paid
$23,500,
agreed valuation of th©
:
$186,692* representing the
7/:•/
•
*•:
■m
'.;8-27
:::Wamsu$ta fJMiUi'/ (quar.-) ■_
8-20
9-25
9-
,
944,
•
8-23
8-30
IOC
Talon/? Incorporated'
i-iw-—
Tampax, Inc. i
Teck Hughes Gold Mines (interim)—w——.
Telephone Bond & Share Co.—
9-18
;
9-10:
9-
Corp.
Gold
Syracuse
8-1©
.
.''vj!*
tlOc
-
__—
Sylvanite
vy
f
25C
.
(quar.)—.
Shops
Joseph Lead
1 ^
9^30
37%©;
————
df tied.
-'V* 't$l
s;
Warner.Bros:-Pibture^fliic; (stock dividend--.:
rOn^dditionat' share Tor* each share,
held.-,
9-10
;« Warren4NOrthahi)<-Corporationr--;. 1.
84i<> /:u«;/;'$8ypreferred':/(qffa'rc)':'_2^—
9-20
>$3.75/
•;
8,-15-."
8-23
10c
preferred (quar.) —
Company (quar.)—.
Co.
(quar.)...;
Industrial
v
9-14
5c
livable
$l".:preferred r(Iinal) -;1_-
8-15.;
.
.-.9rl
.10©
International
Sylvania
8-15
1
.500
Inc.- (quar.)
—
37%©
Roxy Theatre, $1.50 preferred (quar.):-—
Royal Crown Bottling Co. of Louisville—
k 5%
—
.—_
12 %c
preferred- (quar.)
Ruppeft (Jacob)' Co>, common
25©
4%%
preferred Iquar.)$1.12%
Ryan Aeronautical Co;
".
Swift
5
9-
8-15
•.
25c
2nd
Swift &
9-14'.' ;i.: 9- 5
20C
$1
:~i
4%
9-15
10- I
•
$1.75
!>.'
Tool...——
_
9-15!,
Waikey (R4 ; Gopderham; S ;Worts/Ltd^~;ir&
Common:'(quar.)
9- 2
$25©
25©'
r'Wkkh'';
J
Bhdri
.
$20©
(quar.)^_
----—
—-
8-15
1 •!
V, li,
ttamiufComvahi'' '
-Warttd- Amulet' Minesi< Ltd;
''Hquarj.^'^-itU,':^ K $15© •, ,'9-JO
* a ''A'V.
w V'.ii
i;'"Walgrfeenf Companyj common^^
40c .!> ; 9-12
(qUjafOi^-.-i«it.
a.$-i'0
8-lOc
%^preferredi ^(quarr)
*'"•••» ■'•CVO
85©
(quar.)—
~
;
$3.25
participating preferred
Company
8-28
u'.
—
9
8-
;Wt 75©
i
Mining Co. (qUar.)'—
Super-Cold * 'Corporation
(initial)
Superior Tool & Die Co. (quar.)
Susquehanria Chemical, 5 % % jpfd!, (s-a)_—Swan-Finch Oil, 6% preferred (quar.)
9-1©
8-28
2
9-
Monday, August 26,.1946
iilffti
^'v'WabasSo-C6tt©fi/;LtdiV (quar;)—
,
.
Sunshine
9-10
Brothers,-
Russell
Oil
Sundstrand' Machine
10-' 1'
$1.12%
I
Extra
(j
10-15
•w,
"
,;i 8-23:i
.8-28-
12% 6
Co.—
'
fiSBdt. Kr
'
'
ciothFe^—
10-15
;S' 25c
&
comrhon
8-16
'' im" '
:>'Shart^
;
preferred (final)——
A.) : Oil Co. (irreg".)
StUaTt (D.
Class A
9- 6'
.»
8-25
..
Rohson Art Metal Works—
Roos
6%%
9- 9
Corp.
Co., common (quar.)
preferred (quar.)
prior preferred
(quar.)
5%
9-25
15C
, —,
':*m*
'mi
'
■^
■
prior* preferehc©
Sun
preferred class A (quar.)'
—w,
6% preferred class B (quar.)—:
Reynolds (R. J.) Tobacco, 3.6% pfd. (quar.)
Rheeni Manufacturing Co., com.
(quar^-iVt
4% %
preferred
(quar.)
Rice Stix Dry Goods, common
—
7% 1st preferred (quar.)
7% 2nd preferred (quar.)
Rie'gel Textile Corp., com. (initial quar.)...
$4 preferred A (initial quar.)
Rochester
io- ii;
10- 1
,
6%
mi
'
Str5mb'erg-Carl6bn
30c
;
' "
StfaWbridg© &
8%
; 87
preferred (quar.)
35c
Remington Rand Inc., common. (quar.)
$1.12%
$4.50 preferred (quar:)-.—-——*—
Reo
37 % c
Motors,
Inc.-—:
iis.:*;.;
•v
kome'tf Pompons '
10^15
M
C' .•re*";;.",-:
of Km.
.
ril'iltitli-'iVniii
If
f
ffoUMrl
.
Payable
'
tii-imj.l-i
r'—
•/
m
■
Volume 164. 'Number
^S^Ies'!flxt"res'
machinery
19432
tne
pattern's "imd1 drawing# Ts'lit
inventory,
hand
on
at
the
date "of
the
to
'
$2^ 382
tools;
Electric
kiVehtorleS
*i.
tfan.- 31,: 1946', - is
Net
...
Net
Goods
Reb. Fed.
Sold
Taxes
$19,069;
;,
,
Sales
*$11,222
*$11,222
140,718,//. *16,128
*16,128
i
1Q7Q
i94o:::::::::::::::::/
3941.:
'
lieu of
203,108
12,748
212,691
60,235
——
+Six months ended March 31.
Eiles with SEC—
10,048
The company
for
se;20O
fi%
90,032
Cr63,000
5,651
stock
*Jncludlng
cumulative
shares
of
&
stock
common
preferred
under
new
for
reserved
York;
construction
-A;
conversion
into
ot
3152
at
Bellevue
Road
im¬
-
Offering .price $1.50
The
with the SEC
Brown* has
C.
appointed'
share and
a common
elected
been,
member
a
etc.;
•'
;
to
164, p. 13.
ton
in
to
a
food storage
of
care
loads
any
in
this
imposed upon it.'
unit.
The
JFreon
all
(estimated), $50,000;
additional cost of plant at
(estimated). $63,400; moving and installation of machinery
(estimated), $15,000; additional machinery and equipment (estimated),
$30,000;
additional
perishable
tools,
fixtures,
office
furniture
and
equipment (estimated), $15,000; the balance approximately
Milton . Reynolds,
ment's
$140,408,
follows
Of shares to be purchased are
the
underwriters
the
and
Preferred
—V.
number
No. of Shares to be purchased
Ball, Burge & Kraus
«toetzer, Faulkner & Co
163,
Common
11,250,
.
i.
;
11,250
,r
30,000
<
The
3422.
p.
'
:
-
,
••
'
'
•
-
Holders of ; its class
"A"
and
"B"
.
stock
common
of
record June
<
7
issued. Subscription privi¬
'
Public Service Corp. of N. J.
-Files Dissolution Plan
IVith SEC—
from
Its
filed Aug.
dissolution.
<11 The
15
with
Summarized,
substitution
of
the
the
Commission
ago by the SEC,
a
voluntary
contemplates:
plan
unsecured
50-year
6%
debenture
plan
ferred
retirement by Electric
stock
per share
in
and
the
hands
accrued
and
the
of
Gas of
by
or
preferred stock; the cancellation of its 7%
stock, virtually all of which is held by Public
classification
of
its
(3)
The
substitution
Gas, with
kind common
t>y
stock
amendment
(4)
The
poration
new
reclassified
shares
be
to
on
will
stockholders
of
ties
of
part
of
the
whether
to
as
the
on
company
will
sale
a
offer
entered
be
into
The
OUTLINED
xair,
and
urged
the
£n0/r«iate, F- s-
«,nd provisions.—V.
Commission
to
it
approve
and
Court to enforce and
164, p. 832.
apply
to
an
Period End. June 30—
tTotal operating revs.-Total
Net
oper.
Gross
sales, less
goods sold—
Cost
of
17,221,703
profit from
$482,896
$285,271
Fed.
normal
569,550
441,003
Fed.
excess
-$5,992
and
Prov.
—$155,732
for
Net
79,216
—$86,654
619,092
Gross ord.
income,**
$29,189
$57,167
Deduc. from ord. inc.—
$64,174
$470,685
.4.26Q
3,196
26,290
32,877
stock
common
$25,
entitled
stockholders,
Net income
$24,929
peduct. from net inc.—
$53,971
.
9,660
$37,884
;■*
Net
:
inc.
40,670
17,960
v
$15,269
$13,301
$19,924
$114,608
Sale of Radar Units—
Purchase
commercial
slated
for
by
the
United
in
radar
international
Maritime
units
for
trade
Commission
installation
was
of
said
the
installations
will
the
made
on
three
ships
port, News
Ship Building & Dry Dock Co.,
thq Heredia,; Parsmla and Metapao—V. 164, .p. 427,
Vessels
are
Commission
22
at
and
a
of
the
been
the
yards of the
Newport News,1 Va.
New¬
The
-
v
-
when
to
provided
As
special
possess
of
the
new
in
meeting
of
or
old
stock
therefor.
2,264
for
19,795
$57,922
*$231,550
33,435
200,574
*$95,623
200,589
25,723
/
fixed
-
tlncludes
/
33,431
*$91,001,
interest
accrtied
•:
$24,487
*$432,124
*$296,212
outstanding bonds, but un¬
on
1946—4 Wks—1945
i** ^65,781,555
K.
1947,
1946—32 Wks—1945
50,056,811 490,705,527 392,073,683
^ugf(i(^H946,
had 2,431 stores in operation,
before—V. 164, p. 596.
com¬
the
Ferguson, President, has announced that effective Jan. I,
company's bleached and unbleached sulphate pulp will be F
exclusively by the St. Regis Sales Corp., its sales subsidiary.
St.
was
—
tjulo. produced at its mill at Tacoma, Wash,, formerly
by Bulkley, Dunton Pulp Co., Inc., of New York, as brokers*
Regis
sold
V.
lt>4, p. 322,
action
.
,
-
•
600,000
J
.
Schiff Co.—Acquires Control of Beck Chain—
15 announced that it had completed a trans^ ;
acquired effective control of the, A. S. Beck Shoe f
whereby it
In
of
July
year a group
of investment interest headed
and Lehman Brothers, purchased a large block
last
by
of
Corp. from the previous controlling >
interests.
The Schiff Co. participated in this-purchase to the extent
of about 20% of the outstanding common stock of the A. S, Beck
Wertheim
of
&
Co.
the
A.
S.
Beck
Shoe
and in tnis transaction has greatly increased its holdings*
stated that no change
policy of the two corporations and i,n thp method of their
is .intended. They will continue to be managed separately.
Benjamin Daniels will continue as; President and Robert W. SchKf
as
Chairman of the board of the A. S. Beck Shoe Corp—V» 163#
Robert W. Schiff, President of the Schiff Co.,
,
620,000
3,920,531
in
the
.
208,000
423,137
300,294
$1,338,923
$1,359,033
$1,372,890
p.
'
1480,;
•
been oversubscribed.
&
Dan
River
one
of
for
vote
per
into
Cotton Mills, Inc.,
par
share in all meetings of
shares of common stock of
five
the
the
latter
their
are
old
Bank
$5
will
Aug.
on
Transfer
tional City
one
available.
Common
stock
common
from
stock
by
the
and
certificates
shall
of
value
-
■ -,
have
of
been
$5
per
stockholders
after
Oct.
certificates
made
share
stock
and
17,
shall
with
at
the
1946,
the
no
until
certificates
shall
have
been
for
the
issued
Registrar—Na¬
department
..
longer
surrender
New York.
development and
of
adopted
16,
common
Bank,
Is engaged in the operation ®f ,
stores in Milwaukee.
The present business is the
outgrowth of one small store established in 1884 in.
a
neighborhood shopping district by Edward Schuster and Albert T„
Friedmann.
Company was incorporated in Wisconsin, May 25, 1901.
The three department stores operated by the company have been jto. ;
their present locations for more than 30 years.
Company occupies a
unique position in Milwaukee because each of its stores is in a sepa¬
rate independent shopping district outside of the downtown area and .
are readily accessible by public transportation to customers from the ;
entire metropolitan area.
.
three
stockholders
certificates
agent—Chase; National
Bank. New York.
BUSINESS & PROPERTY—-Company
,
stock are ready for
exchangeable for defin¬
par
be
rights in respect to such
;///■
of
Richmond, the stock transfer
to be exchanged for new certificates for the
resolutions
par
new
certificates
National
any
,
Corp.
187,920
360,000
changed
deposit
held
the
28,095
;
Cr 13.904
the charter of the corporation approved by
special meeting on Aug. 16, 1946, and now ef¬
the issued and outstanding 300,000 shares of
unexchanged
exercise
2,836
10,528
3,950
The company on
sold
$6,609,636
6,556,638
temporary
Merchants
*$257,381
(Ed.) Schuster & Co., Inc., Milwaukee—Stock Offered
—Goldman, Sachs & Co. on Aug. 20 offered 162,600
shares of common stock (par $10) at $26 per share. Of
the shares offered 77,600 are now issued and outstand¬
ing and are being sold by selling stockholders and 85,000
shares are being issued by the company.
The issue has
agent of the corporation,
$5 par common stock.
holders
nearing
for
Maritime
ship,!
Aug.
1
be
$9,468,442
169,633
650,000
one-fourth
certificates
$65,614
operation
250,000
350,000
certificates
These
requested
pre
.
on
completion
the
first
aboard
announced
by Charles J. PanniJI, President.
He
itive
First
States
three-centimeter
service
Temporary
.
delivery.
surplus.,,.
193,979,
808I«'/Dan River Cotton Mills, Inc., par $5, entitled to one-twentieth
323*2001 vote per share in all meetings of stockholders.
transferred
to earned
233,094
$437
//"/
.
of
to
has
•
Riverside
to
at
share
each
*$101,551
Cr2,401
*$60,733
*$57,570
•
St. Regis Paper Co.—Unit to Handle Sales of Tacoma
48,566,460
$3,181,377
-—-
stockholders
fective,
$72,097
Dr26,739
The company on Aug.
5,450,000
—
contingencies
amendment
By
the
,160.813
Cr2,314
inc.*
income—*—
(The)
,159,068
tax
profit
25,756
Dr4,304
2,447,435
*$50,068
158,826
\Dr64,485
Crl5,998
(net)
oper.
Period End. Aug. 10—
R.
$6,505,657
1,961,840
-
$2,519,532
2,459,599
Mill—
Temporary Certificates for New Common Stock Ready
—$148,407
150,828
surtax
$93,273
1946—6 Mos—1945
$2,409,531
787
rents
pared with 2,457 a year
'
$9,235,347
19,334
:
.
■
1,301,829
$8,058,257'
393,144,.
25,512
Drl 1,587
(net)_™i
Sales
;
•
1
1 1,500,000 shs.
1,594,643
15,600
17,248
profits tax*
income
7,325
—$22,049
35,181
communication
■_
48,377,887
$5,319,544
deductions
Other
72,445
—$86,654
318,325
income
Total
625
Operating deficit,,.
Ordinary income — non¬
.
Outstanding £
50.000 shs.31;
$7,756,197
302,060
$5,001,219
oper.
accruals.
avail,
$486,417
*$25,948
v
deductions
bnoe corp.,
Net
1946—6 Mos—1945
—$22,674
tax
op.
Accounts)
Safeway Stores, Inc.—Current Sales Up 31.41%—
%,
•Vthe%;manager,y,|i
1,814,378
15,600
5,400
*
$49,771
-$5,992
the
stock
617,666
America.—Earnings-—
(Other
communication
income——
i
42,642,018
—
expenses
92,692
deficit.—
In
underwriters
f!
STATEMENT
rwy.
*Deficit.
52-Week Period Ended-
Prov. for doubtful accts.
ap-
State
ope?,
INCOME
general
paid—Y. 164, p. 732.
a
"•
1 3,000,000 shs.
a
underwriters
the
with
fr.
income
Net
out its terms
carry
$86,700
expenses—
u
397,241
charges **_*_****_
tFixed; charges
set
and
$371,293
rwyi
Inc.
Selling and gen. admin.
.
1946—Month—1945
<
Dec. 30,
Dec. 31,
Jan. 1,
May 5, '46
1945
/
1944
1944
discts. $22,845,990 $52,228,194 $59,223,478 $56,373,948
Other income
Radiomarine Corp. of
the
effective.
50.000 shs.
'
a detailed description of the proposed plan, George
Public Service, termed the
plan necessary and
Stock Dividends—
1946—Month—1945
rev.
facil.
Net
Other
18 Wks. End.
President of
on
possession, or the shares must be obtained
exps
rents
Miscel.
May 5, 1946, the company had outstanding notes payable to
banks in
the
aggregate amount of $1,460,000 which were paid at
maturity May 23, 1946.
COMPARATIVE
their
oper.
rev.
Joint
,
of
As
* *ees and expenses incurred in connection with the
plan
to
to
as
Authorized
pfd. stock (par $100)—__
Cominon stock (par
$5)*———r—~■;
in the hands of the
public of Electric
Public Service Coordinated Transport will not be
affected
Py the dissolution
program.
Coordinated Transport,
the applicant
declared, will sell its holdings of $5 cumulative
preferred stock of
Electric and Gas to the latter at
cost.
Prior-to its dissolution, Public Service
w'll, as a final step In the
proposed program,
transfer all its remaining assets to Electric and
Gas, which will assume any
remaining liabilities of the corporation,
in
oper.
Equipt.
amendment or supplement
4V2%.cum.
outstanding, indebtedness
remain
Railway
follows;
as
must
Net
CAPITALIZATION—The capitalization of the company as adjusted
to give effect to the issuance of the new preferred stock, the redemp¬
tion of the unexchanged shares of old preferred stock and the change
Gas and
•*r1 Blake.
Pr^ace, ,to
made
agreement
an
conditions
underwx-iters
declared
information
Title of Issue—
«,nd
the
$6,414,085
Holland, has granted
Amsterdam.
Period End. June 30—
stock
Richmond, Va., who agreed to solicit proxies for
stockholders and deposits of the old preferred
•
'
•
■
.1 >>•
of the common stock is
Netherlands Bank,
Railway
Railway
but ho commitment has
or
is
and
$7,024,378
Rutland RR.—Co.—Income Statement—
special meeting of
stock for exchange.
cor¬
of
OTHER CONDITIONS
terms
1946—7 Mos—1945
-
$941,322
the bank.
The new scrip or shares must be depos¬
ited in the name of the titleholder with the Netherlands Bank or any
other bank in Holland—V, 163, p. 3144.
preferred stock, for each
new
"Underwriting,"
occur, until' £he exchange
an' underwriting, further
company had
Scott & Stringfellow,
the System
Gas Companies—Atlantic City
are to be merged or consolidated,
surviving corporation having such capital stock and securi¬
shall be specified by amendment to the
plan.
as
and
,
underwriters
The
the
i
the old preferred
on
the underwriting will be supplied by an
to this prospectus.
..I c°-and Pe°P^es Gas Co.—which
With
preferred stock.;
the
on
1946—Month—1945
(Includes Corporate and Trustees'
and
and
the
not
event
the
common
made
.
under license from
16 approved a
Inc., and a plan
soldK to
be
determination
out¬
basis to be specified later
a
will
been
specified
Electric
.
license to non-residents to exchange their stock dividends in the Royal
Co. under the company's coupon 84 for 'scrip or shares/
The
shares either must belong to nonresidents having an official license
Mills, Inc.—Name
Exchanged^—Common
Stock
'
declared
increased
new
Dutch
Aug.
on
forth herein; under the title
.
of
the
Royal Dutch Co.—Bank Rules
Cotton
River
15, 1946, in
1946, must be
that such doe
164, p. 428.
The
preferred
stock
class
preferred
and the re¬
adjustment, for each class of preferred
corporation,
plan.
distribution
stock
another
amounts as shall later
.- .F ,/„. ■;• ... ^ ,,
the
the
or
the
the
cash
a
of
to
sale
of
of
without
or
This
Min¬
offer expired at 5 o'clock p.m. (EST),
preferred stock in excess of the 50,000 shares of new
stock were deposited for exchange.
On the date of
issue of the new preferred stbek all of the outstanding shares - of old
preferred stock not exchanged will be redeemed.
'
If the exchange offer is declared effective by the board of directors
of th company as therein provided, it is contemplated that any amount
of the new preferred stock not issued in exchange for the old preferred
cumulative
Service,
only other class of stock
stock—the
common
standing—into such classes and
i>y amendment to .the plan.
into
have
26,
and
Glasgow,
company's/ exchange
4*At%
$5
conversion
•of
in
Aug, 15 and 7%
of
cumulative pre¬
either by redemption at $110
public
dividends,
its
stock delivered after Aug.
$1,061,525
—V.
"down
factory
July 1,1946, to the issue date of the
The
lor
bonds
equal face amount, for the out¬
standing
$18,195,610
(face
amount)
of
perpetual
interest-bearing
•certificates of the corporation held by the public.
The
for. another
Dan
&
shore of the old
the
Public Service Electric & Gas Co., in
(2)
factory
pen
equivalent to the dividend accrued
amount
Responding to proceedings started two months
directors
on
Sales
Govern-
change in the company's name
to Dan; River Mills,
of recapitalization, including a
five-for-one split-up of outstanding common stock.
Th£ Company/offered^Tp the holders of Its PutstAhding 75,000 shares
of
6%, cumulative preferred stock the privilege of exchanging such
shares for 4V2% cumulative new preferred stock (par $100) on the
basis'hf one share of the new preferred stock plus $5 in cash and an
the right to purchase an aggregate of 5,528 shares of class
at $10 A shore in the ratio of one share for each,. 30,
-Chares held. No subscription warrants- were
-corporation
approval
Stockholders
common
leges expired July 5.~-V. 160, p, 2079.
the common
Period End. July 31—
result
on
supply the world's sterling pound money areas.
company's recent announcement of Australian Prime
the
Chifley's
.
Rose's 5,10 and 25-Cent Stores, Inc.- -Sales—
to
Riverside
-Were given
"B"
Reynolds -ball
a
>.; ■;./.
•
.
announced on Aug. 15 that
flight has been the British
Changed—Old Preferred
Split Five-for-One— •
Prosperity Co., Inc.—Rights-
:
of
y;
a
quarterly dividend of 25 cente »
stock/payable on Sept. 12 to holders of
record of Sept. • 3. "The - last/quarterly dividend on the/ old;/'stock was-,
35 cents a share, paid in
June, while in March 30 cents was paid.—
V. 161, p. 2115;
■
* •
'
30,000
;
certificates for
share
under."
Mr.
Reynolds
stated
that
their
Canadian
factory, operating in
Oshawa, Ontario, only since February 20 of this year, already shows
net earnings approaching the
$100,000 mark, after taxes.
Production in the Chicago plant will soon reach 30,000 ball pens
daily,, the announcement concluded—V. 163, p. 3291.
follows:
as
/
\
>.
ister
of
Chairman,
round-the-world
authorization
Scotland,
general working capital purposes.
names
hisjiatest
of
.
New
of
transactions
made
prior to Aug.
accompanied by due bills for said distribution;
bills must .be redeemed on
Aug. 27, 1946.
Reynolds Pen Co.—British Factory Authorized—
Division
■'/;
■■ •
settlement
non-toxic refriger¬
12
weight of the entire installation is 185
>
:
of Aug. 15 with 6crip to be issued in lieu of fractional share®.
stockholders also voted to increase the authorized common stock 1
.
.
The bonds will mature
Del.
;
a
pounds.—V. 164, p. 322.
the
authorIzed
York Cprb Exchange on Aug. 16 announced that the'
common stock would be
quoted "ex" on Aug. 26, 1946, the distribution
of lVa
additional shares of common stock for each share held; that
It.is?36 inches, 40 inches long and 28 inches
deep front to back, takes up littleFspace and has/an easy Lift top for
access
to
the storage comparement.
This freezer is equipped withs
an
1/5 h.p. hermetically sealed unit that insures extra capacity to
is used
Commissionv recently
Savings Fund Society of Wilmington,
162, p. 1176.
The
the average household.
take
Service
1,250,000 shares of $2 par from 500,000 shares of $5 par. The
company bad outstanding 224,835 common shares of $5 par value.:
line, of refrigerating equipment.
It has
of 6 cu. ft. and is designed to meet the needs of
space
Public
to
the
first item in
the
York
Nfew
/;-r>
Ronson Art Metal Works, Inc.—Split-Up (Voted—Par
Value of Shares Changed—25-Cent Dividend Declared—-
an¬
of
This is
Toledo, O.
UNDERWRITERS—The
.
,
>:
record
is now. being produced by this company, according
by W. G. Reynolds,. Vice-President in charge
Division.
l'
<*,
h
F '
-
Parts
purchase price of assets and business of Prestole Division
Detroit Harvester Co. (except
inventories) $163,192; Inventories of
Prestole
...j
,
1963—V.
Balance of
of
accepted the company's exchange
for exchange prior to the expiratien
■;
I
•
nouncement
will be used for
.,
have
The stockholders on Aug. 15 approved a 2Va-for-l split-up of the
Cooper has,r: outstanding common stock, increasing the number of shares outstand¬
fill existing'"
ing to 562,087. Additional stock will be distributed to stockholders of
and 'D. IW.'
director
a
the executive committee
of
Freeze,"
ant
(estimated $477,000)
The *'
.
company to issue $382,000 of 3'/e#
first mortgage bonds in order to
refund outstanding 4V2% bonds.
The new issue was sold to Wilming¬
of
purchase
for
A home freezer unit utilizing the excellent corrosion, resisting and
temperature conductivity properties of aluminum and called the "Eskimo^
Harold W.
PURPOSE—The net proceeds
the, following purposes:
warrants
Reynolds Metals Co.-^Prpduces Home Freezer Unit—
pf all of ihp directors; and officers of
Kost (Pres.), Toledo, O.; John
-C. Wright (V.-Pres. and
Treas.), Grosse lie, Mich.; William H. Black,
•Jr.,(Sec,).and Johri A,Hill, Toledo, O. >
.
and
a
vacancies.—V.
5%
contract. to
a
names
follows:
as
•
common
and
been
adjacent to the city limits of the City of Toledo, Ohio.
The plant is being purchased from Rueben
Ashenfelter of Toledo, O.
Under a contract
pursuant to which $5,000 was paid at the time of
.execution of the contract,, and the balance of
$48,400 will bV payable
Upon delivery of possession of the property with the
building thereon
•completed.
The building will contain
about
14,000 square feet of
.floor space.
MANAGEMENT—The.
par)
Republic Steel Corp.—-New Director,
-
90,000 shs,
mediately
/the company are
s
(50c
The
has, entered
who
First, a*wl
agent.
t
certificates of new Dan Rivtr
Inc., 4'/2% cumulative preferred stock and checks for the cash
which they are, respectively, entitled to receive pursuant to
the exchange offer,
which has now been declared effective by the
board of directors.—V.
164, p. 732,
;
;
•
stock.;
EQUIPMENT--Company
plant
a
*150,000 shs.
stock
'
'
payment
t
par)——
convertible
PLANT
purchase
($1
such
the
at
redemption
Mills,
warrant.
Underwriters Are Frank C. Moore & Co., New.'
Hall, Tattersall & Co., Philadelphia. Proceeds will be used
for payment of plant mortgage, purchase' of additional equipment and
for working capital. Offering expected about Sept. 10.
,
cent
one
•
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
:
r>,
1 - .
' .*
*
"
' :■ . -Authorized/ Outstanding
cumul. conv. pfd. stock ($10
par)___ '
22,500 shs. /
22,500 shs.
Common
of
made
be
Rockland Gas Co,ivInc.^Sells Bond Issue—-
Aug. 16 filed & letter of notification
on
shares
199,000
12^,000 additional common.
40,623
45,918
146,900
'
•
w.ill
.
*25,591
~7~2~300
Payment
Red Rock Bottling Co. 6f,'^youngstown, Warren, O.—
34,335
25,900
,.
stock.
Bank, Richmond, Va.,_
had 75,000 shares outstanding.
and deposited their stock
thereof, will on Sept. 19 receive
date
as a
Profit
$2,700
,
Net
■
Fed. Taxes
151,506
'*25,591
978,543
775,652 -112,923
1.265,143 1,069,089
102,118
1,734,978 1,423,316
236,932
150,349
J 85,587
*57,349
1945—
*Loss.
Prov. in
182,289
_
11946-—
:
251,728
314,749
-I
—
<
$15,065
251,075
offer
Offered-rBlyth & Co.,
secondary distribution 7,900
common shares (par $1) at
$17 a share, with a dealer
concession of $1 a share.—V, 163,' p. 3422.
Inc"1^*Aug. 13 offered
^°rP" Ltd'
'*
and
preferred
Holders
.
Profit
*
i-
•
,••
■■
cumulative
Common
:
Cost of
Years end. Sept. 30—
3938, (4, months oqlyj,
>
Merchants ""National
company
at $110 per share
for
on
-Mat
...
Aug.1117 called'^or redemption on Sept/ 19, 194fi^
dividends, all of the outstanding: shares of 6%
directors'on
—Vr-164, p; 958, '=
PRESTOLE DIVISION OF DETROIT
HARVESTER COMPANY
*V;
The
output of the operating companies' Served by this corpora
the" week ended Aug.' 17,-1946, totaled 199,355,000 kwh., as
compared with 164,064,000 kwh, for the Correspondihg week last year,
an increase of 21.5%. (Reflect of
Victory Days, Aug. 15 and 16, 1945).
dies,
tCe, Pre^iCftteti
e
1125
Service Corp.—Output—; To Redeem 6% -Preferred Stock-^:
| Public Utility Engineering
tion
the
consummation of the sale;
fixtures and patents from
datfe ^ consummation of the sale. The estimated
,^? net additions to:
1,
♦«£;i
3l.\ 1946,'
Jan'.:
equipment, furniture and fixtures, and the patents, in¬
trade-marks, trade-names and good 'Will; (b) the value of
ventions,
COMMERCIAL & FINANCIAL CHRONICLE
THE
4519
.
proceeds from the issue by the company of the. '
(estimated $2,044,300)
will be added to the generalwill be available for general .corporate purposes pending >
PURPOSE—Net
85,000
funds
shares
and
.1125
iTHE COMMERCIAL & FINANCIAL CHRONICLE
Monday, August 26,r!946T
"
'
"
•'
•
CAPITALIZATION GIVING EFFECT TO
'"
>•&W
■
4y«%
cumul.
^Common
the
Company
stock
\ ?■':>
from
30,000 shs.
classified
1940,
amendment to
an
the
the
articles
Ti UNDERWRITERS—The
of shares to be
of
names
purchased
from
jof the selling stockholders'are
the
the
as
Republic
Co.
Davis
&
&
Co.,
The
A.
and from
Fox
Merrill
The
4,182
Z
E.
„
&
Fenner
Witter
,
955
3,818
v
2,386
1,670
3,818
3,818
1,307
1,568
1,193
ing
Co.—
\,1'v*
OF
,
4%
\"
Merchandising
profit
but
and
outstanding
3,818
955
A
for
< Net
"
,
inc.
Kidder,
dividends
Common
Lester
1,916,139
dividends
$801,fete
121,174
178,700
422,463
—
$643,000
114,247
'
and
for
to
each
finance
purchase
2
Unsubscribed
2,500
Newhard, Cook &
5.000
6
7,
*
&
Co
Period End. Jnly 31—
Co
&
2,500
,.
Oil
a
$1) at $26^
share, with
share.—V. 163, p. 1290. ;
;
|>er
*■
will
record
business
AND
April 27,
PROPERTY—Company
1946.
As
incorporated
was
in
-The
principal office
of
subsidiaries
the
the company knd the
at 709 Kennedy
2,
England.
/
Profit Before
$720,546
1
Net
;
Although
2.411,$16;.
.
minority
,
;
1,591,664
—
interest
in
201,972269,743
•
146,182
subsidiaries,
40-foot
of
conduct
or
structural
These
gas.
other oil
of confidential
operations
companies
and
to.
the
the
and
Roumania.
of
major
the
Operations
a
smaller
extent
are
United
the
in
methods
States
and
in
the
South
outside
of
the
production
Western
Sterling
Service
and
America,
to
the
of
magnetometer
oil
and
United
Hemisphere
gas
States
and
of
in
and
of
30.5%i
lor rthe
at
,
j;
-
ExecuU^.i
Corp^-Proxy ' Case Ruling
TTte first
Del.,
Power
19,763
315,262
$293,434
205,424
the case of Investment Associates, Inc.,
Light Co.
r, >
k.
ruled
that
the
of their agency
1,000
box
shortage
The
50-ton
new
capacity.
of
cars
modern
announced
was
will
cars
Due
be
to
design, to
on
steel
labor
and
help
wood
material
vote
of
voted
stock.
cumulative
i
$2,500,000.
It
ease
disclosed
was
owned
A. T.
lined
The
.
'
the
name
in
the
proceeds
which
shortages
the
on Aug.
15 declared a
outstanding caDital stock,
record
Aug.
,
on
Net
earnings
164, p. 960.
26.
A
like
July
5,
1,250 shares of Mallory
last,
that
common
options
only
class
entitled
to
,
..
of
the
Stetson
-
then,
company
stock and that it was obtainthe 17,927: Mallory. common :*
:
.
on
On Sept. 7,
next, the stockholders will vote on changing the author- ■'
ized common stock: from 350,000 shares, par $10, to 700,000 shares. )
par $5, two new shares to. be issued in exchange for each $10 par share *
no par
held.~-V.,
amount,
\
164;
p.-
464,
"
1946
'4
-
oper.
rev.
-
500
;
.
$262,137
33,866
700;.
V ' 28,486
income
>
.
$47,512
29,778
$37,473
;
6,524
.
Federal 1
^tqxas on lncome^-^.
ppov. for Federal taxes
:;;.;.on income
j
-
Net. tacome
D|vs.
-
696,663
-
'
069
;
5
<o
3,862,397
.
$866,577 -*
287,429
^■$558,46$
•
f
*
*
7,154,?5S
5i559,lMZ
$1,695,608
1
:
:
100,000
.
stock
■,r\
•
2,995,820 .*£>271,039
$980,732
•
$4 cumul. pfd.
on
1946—6 Mos.—1945 ^
,.
.
.
.
'.»?..
K
•
4,200
r
$1,329,504
&
3,600
.; 184,883
before
before
.
.
<
200,000
$1,333,704
»
$1,503,185
148,468 /. 1,052,961
-
income
Income
14— ;
4
"
,
': 1946—3 Mosv—1945
—-
1946—6 Mos.—1945
$1,506,785
$224,427
180,750
,2
.
"
$15,353,597 $4J,368,531 $28,T87,728 $73,821,874
■
.1945
* '
Sylv^nla Electric Products, Inc. (&;Subs.)—EarningSJ
Grass sales,.less returns
and allowances
$5,902,670 $165,750,880 $175,326,578
1946—Month—1945
r.«: $262,637
$225,127
_
Aug. 31.
This compares with 37'A cents paid on^ June 10, last, and ?cents bn jan; 25, 1946.
Payments ■ of 25 cents -each were Tnade .'
this issue <m Jan. 30, June 9 and l)ec. 1, 1945.
i 50
Share—
1945
$5,198,230
revenues
operating
income
—V. 164, p. 14.
,
the
The^ditectorB On Aug. 20 declarod a divldend bf 6d cents per share)
the common stock, par $10, payable Sept. 10. to holders of record
865,811
:
283,024
-
$265,341>' ^ $180,669
155,880 >
;
.
of
on
com.
common
"outstanding
Stock
'
$880,732
■—-V
•
$358,468 ? $1,595,608
-$866,577 ?
fc"
shares
1,005,000
v,:...New Agreement— t
89,416
x'-ri>•',r, s.'«
Earned
No.
1,005,000
LOO5.OO0
Earnings per share—_ '
.
$0.88$0.86
> >*Xncludes estimated tax credit
of .$350,000A;.>-;
f
Net
i
on
,
Earnings—
—Week End, Aug, 14———Jaiii 1 to Aug.
Operating revenues—
Operating expenses^.--.
Operating taxes
»
stock,
to the creation of a long-term loan
Stlx, Baer & Fuller Co.—50-Cent Dividend—
Pacific jCo. proper; the Pacific Fruit
Southern Pacific^ has
-one-half interest,
5,000 refrigerator-cars; :V'
.
Uncollectible
outside
-■
Approved
are
to buy the remainder
shares .outstanding.^V.HC4, p. 464.
ing
of Southern
ordered
-
of
Period—,
Gross
-f
",> *■
-
thai tho holders bf 62.7%-^^ of thb out*,
preferred
the matter, has consented
on
> -,,
Stetson Co., Philadelphia^—Loan
to be used in connection with the
acquisition of the Mallorv Hat Co.^ Danbury, Conn., (which see above).
-
the^pur^
by
Aug.' 16
sheathed
8%
standing
18
...
directors
of
to a proxy.^V. 163, p. 2015, '
(John B.)
.
;
can be accomplished ;
and does not require a majority
Regarding the validity of proxies,
given to opposing sides on the same day by a stockholder, he declared'
that the time indicated on the post-mark may be-considered.
He also :
ruled
that
the inspectors of
elections may not determine whether :•
forgery has occurred in executing a proxy. It was also held that
executors, administrators and agents are not required to attach proof
election
a
majority of the stock
vote of all the outstanding
$1,806,943
1,240,477
past
against the Standard
.
Seitz
by
>
72,000
$2,171,438
1,693,103
in
&
Mr.
$2,728,462 $18,031,023 $15,921,245
1,868,504
14,024,343
10,955,115 v
1,835,242
3,150,187 »
566,524
$391,194
308,343
in
involved
.
1946—6 Mos—1945
12,000
-
mllngs to be offered by an American court on three potato,
the conduct of elections in Delaware corporations have.
handed down by Vice-chancellor Collins J. Seitz at Wilmington,
and
15
Aug.
,
.
Period End. June 30—
foreign
are
& Light
increase
This
Victory Days,
'
"
I
"
Southern Ry^~Gross
Operating
in
Oklahom.
Corp.
f
executive
standard; Power
,
Southwestern Associated Telephone'Co.—Earnings—
surveys
Bloc area.
The
present operations of Seismograph
of Del. are being carried on in Venezuela and Colomthe present operations of
Westby Geophysical
\
Appointed to; activate the program is George B. Corless, of Houston,
Tex., who recently resigned from Humble Oil & Refining Co., a Jersey
affiliate.
He will maintain liaison with affiliated companies in exchanging techniques in carrying on the executive trainng program.—r :
V. 163, p. 2999.
*
v
,
$
; I,.
directors
on
holders
—V.
con¬
Corp.
p. 597. *
,
the
"■
$2,740,462 $18,050,786 $15,993,245
1946
and
to
the
Period End. June 30—
oil S
principally
$if^nt]t^^456^.^V#^t1^
,
^
will
earnings
half
United:
also
$2.37
1945
development program of this company
and appointment of an advisor to coordinate the work of training
future leaders for the business were announced on Aug. 20 by Eugene'
Holman, President. U • ;
quarterly dividend of $i per "
value, payable Sept. 16
was paid on March
25
and
June
17, last.
Payments in 1945 were as follows: March 19, }
June 18 and Sept. 17, 75 cents each; and
Dec:>17, $l.—V. 164, p; 960.
:
involving logging, of drilling wells by chemical analyses of the
in rotary
drilling in South America, the loggings of wells
Company confines its operations
bia,
of
30,853,079
$2.40
-:
by
recently
The
to
used
radioactive
countries
of
of
'
2,406,775
struc¬
accumulation
being conducted, for the
independent oil operators, in
'
car
of
Co.
share
:
Venezuela, Colombia, Mexico, Trinidad B.W.I., Iraq, Palestine
and Egypt, and
operations have also been conducted in the
past in
Argentina, British Guiana, Canada, Dutch East
Indies, Hungary, Po-
by
industry
first
1^933,0W> ' kwlt,
Declares Usual Dividend of $1 per
*487,489
185,452
are
for
States,
favorable
31,254.061
$1.26
give
of
^Expansion, of
were
in
Just
company ::
conditions
and
order
*160,380
seismograph surveys in search of
box
Express
74,550
earnings, except for $802 distributed as dividends) was
acquired by the company in exchange for common,
stock subsequent
to April 30, 1946:
year ended Dec. 31, 1944, $32,900;
year ended Dec.
31, 1645, $134,177; four months ended April
30, 1946, $76,493,
V. SCOPE OF OPERATIONS—The principal business of
the
muds
increase
an
3,616
income
President.
ordered
net
which
16,376,027
Standard OH ^Coi
XNew^Jereey)—Expand^
Development Program—
car builders deliveries of
cars
presently „ outstanding
only commenced in recent weeks and 1,160 have been
deli vered to Aug^ lO.
The balance of deliveries- Is <schedulted for ycOmpletion within, the next: 90 days,
In,, addition to these 5,000- cars
95,663
profit applicable to the
minority interest (together
16,723,541
^'5,200,000 ^4,600,000
>u
„
1946-*Month—194S
additional
an
experienced
on
100,472
260,30374,851
amounts
these
ducted
the
trend
the
company, already has ordered within the
of more than 4,00Q new freight train rXarE
total
a
of
Mercier,
27,760
160,343
101,500
109,363
>2,450,000
effect to adjustments, made at the end of, theresulting from termination of the war.
These,
adjusments w.re iritK iirespect^ to the^acceleratton- qt
the
accounts of
all certified
war
facilities, with the exception of
marine vessels, and revision'of estimated Federal income -taxes.
/fThe 1945 provisions include amortization of war facilities which,
were
fully amortized by the end of 1945 as follows: Second quarter,
quarter
$2,739,355;. first
Pacific Co.—Orders More Equipment--- "'
the
the' nation
101,680
64,996
132,171
474,625
* v:
3,100,000
It was announced%bn Aug^?15
$89,082
633.671
,
3.835,464
1946 (4mos.)
land
164, p. 957.
Southern
77,674
234.893
1,793,520.
^Including the following
and
operating
>
94,937
159,931
1,655,312
'1944——
tures
in
with
observance
960.
p.
income-...
—V.
Net
24,647
151,524
the
year,
of. the
$3,113,231
Net
Profit
$16,570
180(659
3»42_
1943—
on
Income
21.176
49,844:
1,175,908
-
effect
$3,116,847
chase
116,113
/,
.1940
:—1,358,835
1941...,
1,221,391
is
compared
Operating revenues—
Operating expenses.
Operating taxes
offices
102,321
'1,090,812
,*1939
Taxes
<•
$105,652
906,983
1938-^-iii.i.U
with
the
months
Income Taxes
«,
within
upward
exhibited
Operating revenues
UncolL oper. rev,«*^
CONSOLIDATED SUMMARY OF OPERATIONS
Total
vvv
than
as
Period End. June 30—
-•
Income
35,927,704.
474,625
',f
perfeljliaiWiir - ^/to
36,928,686
J
.
been
Dela¬
United States
19,063,339
237,312
237,312
33,056,416,
728,987n - 382,039
4,721,720 . 2,489,259
v
^.
Southern Ncw^ England Telephone Co^—Earnings-
London
Years
:
thetTokpwing *tatement; ^
.-
located
Calendar
y
kwh.,
week last
16, T9'45.—V. 164,
Aug.
of
of
are
222,596
.
•
Colorada Power
corresponding
Building, Tulsa, Okla.
The operating offices of
Seismograph Service Corp. of Del. are located
at Caracas,
Venezuela, and at Bogota, Colombia, and of Westby Geo¬
physical Corp. at Tampico Tamps, Mexico.
The registered office of
Seismograph Service Ltd. is located at 2 Old Broadstreet
'.
pronounced
2,522,000
reflects
•
outstanding stock of Westby Geophysical Corp. (Del.),
incorporated Jan. 16. 1945, and <d)
82V2% of the outstanding stock
of Seismograph Service
Ltd., an English corporation incorporated May
6, 1946. r
*
'
*
C.
more
Southern
the
of
20,060,854
h.:T
18,802,775 t23.355.914.
31,477,979
1,205,091
v
on
consol. newnc
third
Klediric output of tfoie eomi)anj^ ftr ^
July 24, 1946, it acquired (a) the business
properties, subject to liabilities,
of Seismograph Service Corp.
<Okla.), .incorporated Nov: 3, 1931;- (b) ' all of the
outstanding stock
of Seismograph Service
Corp. (Del.), incorporated on April 24, 1943;
E.
and
that Simplicity's
position
to improve.
Since June 30 the
been
totaled
and
all
iL—:
(est.)->i.«
^Restated
,
BUSINESS
(c)
Est.
163,652,408 173,863,617'
17,635,652
242,410"
taxes
,
$
.
£*■■■,.»
2,792,514
funded debt
Fed.
Net income
10.
It is intended to supplement the regular quarterly -V
with year-end extra dividends.
The management of this
feels confident that the longer-term outlook for the pattern
is favorable;
that the trend toward more home 6ewlng will-
year."—V. T63, p. 3292.:.
offering represents holdings of present stockholders who
are disposing of a portion of their stock and the re¬
mainder is new financing on behalf of the company.
ware
income
on
for
income
Sept.
continue
has
j
62,664,083 113,371,654 117,451,287
9,524,170 til,946,882
J
a
^
$
^
income—Divs
Total
,
continue,
:
it Seismograph Service
Corp;—Stock Offered—Paul H.
Davis & Co. headed a banking
group which on Aug. 22
publicly offered 140,000 shares of common stock (par $1)
at $12 per share.
One half of the stock included
iu the
♦
» :
company
1946—8 Mofi.—?1945
A.,
.
-
I946-r-6 Mos.—* 1945
; 92,246.618
59,986,026
17,025,929
Miscellaneous"^-
Prov.
of the improved earnings and strengthened financial posi¬
directors have initiated dividends on1 the^ common stock
10 cent. quarterly payment, .payatte^lSepiM^; ^ hoid««7rof»
payments
■
•
-
$.
86,536,125
-
depl.
deprec.,
amortization
Other
yV;tV-'
-
,
1946—3 Mos.—* 1945
Operating, income
America-p^ew,^^
>
v..
1
Mexicanos, S.
Estados
los
.
:•
•
the
with
121,836,191 70,977,266 728,168,852 467,495^228
—YS164~'p"428~
for
and
-
view
"In
tion,
'
income
Operating charges
-
below..'.,,:: ."'
" '
•'
the?jtdmpahy;®xyequestv^fpj:-att^extwsfon to.
Empresa
Gross, operating
vt
J. M. Shkpiro, President, on Aus. 21 made
;
Delay—:
S-
Simplicity Pattern Co., Inc.—Initial Common Dividend
■
'V-
in
corporation,
r* ;
Sept. 4.
Period End. June 30—
commission of;
a
stock
(no par), of. Mountain States Power Co.'
received by Standard at Room 1117, 231 South
Chicago 4, 111., up to 10:30 a.m. CST (11:30 a.m. Chicago*
Standard Oil Co. of Calif .—Earnings—
•
2,500
Gas Corp*—Special Offering—^Hall-
&
See United States Realty-Sheraton Corp.
;
1946—Month—1945
.
■
common
de Servicios de
Mexican corporation.—V. 164, p. 464.
Jaffray & Hopwood
3,750
Wm. C. Roney & Co.™1,500
Stein Bros, b Boyce
u
12,500
"Straus & Blosser^--i.----.
2,500:
10,000
Sheraton Cdrp. of
%
•
i
pounds of Monosodium Glutamate and other
'«'•.
■;
^
v v::
The SEC*, haa approved
makers. of precision infltrHmeht«* announced ^ it
had purchased the Treadwell Tap & Die Corp. of Greenfield,: Mass., |
in a transaction said to involve $2,000,000.
" T
V -
proceeds to-pny . bankadditional machinery, equip- \
Sears, Roebuck & Co.—July Sales—•
million
Oct. 15 in the time allowed for consummation of sale of the company's,
Piper,
Co., Inc.—
on
interest
Co
&
164, p. 732.
This
179,750
shares
yearly output
18 months from now, will have a
some
one
SEC -Grants
Merrill Lynch^ Pterce, Fen-;
ner & Beane_{.i„„
12,500
19,750
of
Interest
net
use
of
164, p.> 960,
^ 1, r,ir - $}•>''
\
«,
held.
Company will
and buildings.—V,.
V-Js
shares
seven
the
i
' >
proposals will be
DST),
be sold
Sheffield Corp., Dayton, O.—Acquisition—
Manufacturing; Co.—Registers With SEC—
share
one
4
'
Staley
La Salle St.,
-
-
be sold to underwriters.
jrtent
Such
$360,000
5,000
Peabody
50 cents
The; company*on^Aug,*,IS-Htiedawgistratiow'istatemeh^ Vvith' tho
for
100,000 shares
($100 par)
cumulative preferred stock and
143,548 shares ($25 par) common stock..
Underwriters, Morgan Stan¬
ley & Co., New York.
Preferred will be
^offered publicly.
Common
initially will be offered for subscription to stockholders at the rate
of
r'
«
.
Company is inviting sealed bids for. the purchase from it of 140,6X6
(representing 66.39% of the- presently isaued and outstanding:
800,000 glu^'kj35O,OO0;$hsi*
SEC
loon
'
■
jLB to the J. L. Simmons Co*
new
shares)
'
Scovill
>
"j-v,-/
shares
Co
and
stock (par
114,298
178,700
164, p. 960.
'
-
offered^
now
to
shares
Shamrock
$555,213
*
;
garten & Co. on Aug. 8 made a special offering on the
New York Stock Exchange of .40,000 shares; of conutton
$1,974,956
77,044.
1,342,697
83,201
than
new
Prov.
I—
$2,642,340
>42,500
__r
it
—V.
$1,915,059
59,896
69,141
y
Standard Gas & Electric Co. —Seeks Bids for Purchase
of Common Stock of '-Mountain States Power,Co.—
'; *
Outstanding;
purchased
California
First
2,087,000
$716,880 '
The
UNDERWRITERS—The named Of ;theiuhderwriters^ahd* the namber'
1,193
niiil
in operation
more
testing
consisting of- 70,000 author-«
by the company and 70,000 issued
to be sold by the selling stockholders.
shares
Boettcher
.',ninu,M>l||ii i
>.
»
$360,000
,
Faul H. Davis & Co..
$2,573,199
1046-1948
•
140,000 shares
unissued
2,386
$2,960,761
72,086
6,632
530,000
——
taxes—
m,,,
I
and
of
approximately
-
.
serially,
3,818
83,455
<
ii>nii«ii.iriii>»j»i ivi|-|iin«n
$1,253,512
profit
Preferred
$2,877,305
devote
to
.'
(par
of shares to be
EARNINGS
.
"" """I"
income
charges
;
Prov.
fe-V.
'K
J
Total
Other
stock
•Includes
———Years end. Jan. 31———
$1,225,693
27,819
Other- income
?
maturing
ized
depts.)
etc
Sell;* geh. & adm.
'V.'
note
1,193 '
June 1,'46
1946
1945
1944
$10,179,696 $26,009,065 $22,482,352 $19,485,563
7,170,701
18,244,213
15,703,141
13,662,833
1,783,302
exp.
4,887,546
4,206,011
'3,907,670
,
(own.
sales,
plans
Authorized
Commoh
*1,307
.
Company
' -;;l:
2,614
«.
'0$ f
Avi
amino acid products;
or
,
4,182
4 Moa. End.
of
$35,000 per month.>; It is
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
,
1,045
__1
buy
1
4^182
Corp
to
$410,000.
capital.
Cruttenden
«sales
7
aggregate
1,432
1,670
2,386
1,830
—
SUMMARY
$30,000 to
.»
Contract fqr the buUdlng.^as let'Aug.
of ; Decatutj after -approval of the' project by the Civilian Pxoductioi*
Administration. - The: steel and - concrete ' Structure; when completed
of the balance of the net proceeds to the reduction of its
bank loan and the remaining $184,266 will be used for additional work¬
•
Cost
$110,000
2,614
1,307
„
Inc.—
Co.
tc
955
4,182
I__—
-
tures
4,182
„
Securities
pilot plant.
$125,000
3,818
1,045
r
1,432
1,193
4,182
,
Harold E,. Wood. & Co.—
1943756
1,045
1,307
Beane_-Z
&
Co
Webster
Wisconsin
following
intention of the company to retain some of the drilling contractor?
it permits a
greater flexibility but it also plans to expend
1,568
.
Watling, Lerchen <fc Co
Dean
1,432
3,818
2,614
—
;*■
i.
1,193
4,182
x
Brothers, A;
Stone
approximately
expenditures*
- ^
unit will be adjacent to a $250,00C pilot plant for
manufacturing processes, on which work has already been.
.Started.
It is the fourth project in a/building program at Staley'*
approximately
$50,000
to
assemble
a
reserve
set ■ of
sesimograph
which saw the completion in 1945 of a $2,000,000 hexane extraction,
equipment for ;tise In -the /event ;bf breakdown^of equlpmenlr; in the^v plant' for theprocessing of soy beans and a $250,000 expansion this
field or to be used in, the event of immediate demand for an addi¬
year of the firm's research laboratories here.
"
tional crew by one of its clients.
Company also intends to spend i
Monosodium Glutamate
(frequently called' MSG)" is an old com¬
approximately • $75,000 in Increasing the operations of i the-i special
modity in the Orient.
In recent years it has been used in this country,
services such as the radioactivity survey and the logging - of drilling
for enhancing the flavor of many fine quality foods.
When listed a$,
wells by chemical analysis of the muds, approximately $25,000 on the • an ingredient in food
products, it is usually designated as "a vegetable
construction of
experimental equipment, and approximately $150,000 ;
protein derivative."—V. 164, p. 960.
for
,
replacement
of equipment.
Such contemplated* capital expendi¬
2,386
1,568
4,182
Co._.
H, Rollins & Sons,
The
955
1,307
Co.„..;
Northwest
the
time
product will ■ be known technically as "Monosodlum Glutamate."
The company has a patent on the process developed In Its "research)
laboratories and has manufactured it. for a number of years in ita
esti¬
are
construct four heavy seismograph
;shot "hole rotary drills, and two light shot hole ^rotary .drills and the
.necessary water tenders so that It can perform' more" of the drilling
pperations required in its business.
Company also plans to expend
2,386
2,614
_
I
3,818
1,045
_
the
1,193
2,614
;
Co., Inc.-;
Pierce,
company
to
amount to
2,863
■;
-■
Paine,; Webber, Jackson <fc Curtis
Piper, Jaffray <fe Hopwood
Stern
ently
1,830
Lynch,
Pacific
seismograph
1,307
3,137
.;
Co._
Milwaukee
,
be
The
;
The ultimate cost.of this development, including research
will be in excess of $1,000,000, Mr. Staley said. \
;.. .1 ;
use of such proceeds.
Company is employing
perform the drilling operations of several of its
crews.
The payments to such drilling contractors pres¬
subcontractors
-V
^
r~
received by-the
Company has at the present
to
mated at $719,266.
plans with respect to the
more ;
approximately
&
&
or
one
operations. 1
proceeds
at
^
■
because
Company, Inc,
Kidder, Peabody. & I Cp.TTT^ri, TAr-,~n-,»
Kirkpatrick-Pettis Co.:V,
Loewi
total
1,670
..
Glore, Forgan 6c Co
Hemphill, Noyes & Co
Johnston, Lemon & Co
Kalman
of the
2,386
Corp.—
«Sc
'
v
;
Inc
&
Botson
F.
4314%
9,593
Corp.__
Evans
First
Morris
:■
re¬
1,830
Co.
Dickson
H.
S.
Clement
and
underwriters and the number
company
(Inc.)
Securities
Paul
of a meat-flavor salt from proteins derived front
corn processing operations of the company will be com-;
Decatur,/111., upon completion ot, an addition to its plant,.
A; E. Staley, Jr.; President, announced on. Aug. 16.
major
menced
for
—10,507
2,614
Co., Inc.--.—
Clayton
R.
common
Company Stockholders
Sachs & Co.—^.
Volume production
the
last ten -years,
time
to
PURPOSE—Net
-follows
American Securities Corp
Bacon, Whipple & Co._
A. G. Becker &
Co., Inc....
Blyth & Co., Inc
Central
organization of
stock.
Underwriter
Goldman,
A. C. Allyn and
y
of
44,925 shares of no par stock into 359,400 $
the basis of eight shares of the $10 par stock
par
Stalcy Manufacturing Co.—New Product—«
operations have bem earir)ed J on fromr
approximately 200 oil companies and independent
operators,^ Of these, operations for one client during the past
10
years accounted' for approximately 11%
of the total operations,-and"
during: such period fjve of such clients accounted for- approximately •
time
y- •
1
«'«f
;
'*>•/■
in Mexico.
Seismograph Service Ltd. is a newly
formed corporation for" the purpose of
conducting operations in the
Sterling Blocarea,:
*•«
-i •-*f :J«- .•
'2 A
During- the
■
outstanding
no
1
V';\i♦
'
444,400 shs.
effective, which changed its authorized
shares, no par, to 600,000 shares par $10
shares $10 par stock on
for each share of the former
-
-
30,000 shs,;
600,000 shs.
became
54,000
.
Authorized 2.Outstanding
pfd. tsock (par $100)>.—
(par $10)—
stock
''On July 25,
,
PRESENT FINANCING
', r * \
being conducted
•
•
■
v.**
=
See
Universal laboratories.
"
'■
•'
'■
'$0.38
.
"v
-
•
Inc., .below,—'V. 164, p. , 870.
1,005,000 i
$159
.
^..Cy-yri^ XA.V*■■ -'/T..%.."
Volume 164
Tfee. stockholders .oa >Aug;
-
.
i
■f''i.
States'
'
°
1
*'
'
v
'
1
7
Twentieth
[With-the
/
exception
pvopertlw^'^CZ-^—
Z-Operating Income,,
Miscellaneous -income and
Premium
^vv#>*-v-
V-
■/:
"
.*>• .y °
v
'
H ■y,, .»f g 1,-v-v #«•.«•. >* v^.»
t v..
,v
7
;;;
-
The directors
share and
Aug. 15 declared
on
Participation in~film rentals
^Depreciation - of fixed yasseta-——
•
-Interest .and
^Provision for Pedeiat^tafKesyon income
Dividends-^
;r
A'P-A " ' V"-;
income
Net
extra dividend of 25 cents per
an
3,397,291
*
A Portion
the
regular-quarterly dividend" of 50 cents per share on the
capital stock, no
par/value, both payable Sept:. 1(5 to holders of record
Like amounts were paid on-ihine-15 last.
Extras of-25 cents
y;'"
—
3- fib
«
'
■'
.
■
ii.-JS— -i
_
■
_
of net prof, applic.- ttf ^rtfriority interests
^epFlSr^Vr:l64,
year xn^^tme 15 a»d
atockheiders
3-for-l
•pn
V
split
Aug. 22.
of
<:
f;
•
-
'*N6t 'toudihg^eptoation
' .'
y^°®^* tBas.ed ®n
v
ferred
The. .ineeting
Mr. Little said;..
'
•:
-
-
Th®
stockholders .Will- vote
'1,700,000 shares of common
value
irom
50
cents
to
25
t
/•.
-
■
'J,
tbe proposal to increase tthe-present
to 4,000,000 and-change the par
cents, two new .shares to be -issued for-
i16
;
Fed.
stock
Consolidated
.
;
•.
net
Earnings per
'
:
Declares Extra Common- pividend of
V ,The. ;dir4ctors on Augv--15 declared 8ii extra
Guarantee
Trust XJo., N.
J. Herbert
elected
Todd, Presdent of Todd Drydock
director.-—V. 163, p. 2201. V
a
;•
Y^New Director-ii
made
v
(The) TPaue Cpir-^ommon Stock Offer6d^^rutten*
den & Co., Hornblower & Webks and A, C.
Inc., and ossdeiates
•stiard6 of
stock (par $2)
common
the 59.505 shares offered
ro' i,ij Z„ li?r
ZZ'
at $33 ^per^share.
oroeeeds of 45 flO'i shares
$1.12%
Of
.be received by the company and the proceeds of " 13,600
chares are to be received by selling stockholders.
;■
preferred
"
.
the
on
cumulative
$4.50
stock,
no
value,
par
"
payable
a
official notice
" "
-
"
—.
nf
thn
.
mol«ritir
oto/ilr
Deprec.,
preferred
30
stock,
to holders of
A4-lUln''!mammawa
aJ
>$4,115,467
t
'
.112,758
.
w,
A75,301 ::
taxes—
327,477
880,000
,
122,000
,
t1"!,571,000
79,000
119,160
Inc.
on
$5,428,127
; ; 135,532 ,
678,704
1,500,000
t246,000
A
t°3,228.000
228.123
132,000
$1,391,115
$508,663
,'v
$1.10
$2,047,935
v $0.40
debt retirement credit
$1,047,300
$1.85
;
$169,000
of
for
$0.82
.
.
1945
(Incl.
a4
«- •
1944
1945
1946
151,715
134.431
amort,
Income
and
other
and
charges
profits
excess
3,651,170
10,048,124
8,088,670
8,390,814
24,789,767
23,039.374
$14,189,269 $10,009,480
$1,53
v
$1.08
$9,122,837
$0.98
taxes_,_
-
Net
income
Earnings
per
share^
common
Shares Issued to Employees—
The corporation has issued 88,700 shares of capital stock for sale
127 officers and key employees at $116 a share,
increasing out¬
standing shares to 9,366,488.—V. 163, p. 2901.
to
no
Union
record
Railroad
(Pa.)^r-Bonds Awarded—The United
States Steel Corp., parent of the road, won the award
at a competitive sale Aug. 22 of $7,900,000 of new bonds
of Union RR.
The latter, will use proceeds to retire
.
'm* am!
nnAiilnl
/
wholly owned U. S. and Canadian oos.)
$27,888,563 $43,022,348 $40,704,739
dividend of !25 cents
A^tock De^^Autlwrbsbffc
.
$2,649,238
48,232
Interest
A
Tlivldlirc'
$5,315,369
51,817
$4,028,432
87,035
Income
25 Cents—
prior
Sept.
Sept; 6.
LISTING—Outstanding common stock is listed bn the Chtcgao Stock
Exchange. Company has made application to httve the -newly issued;
^common stock added to t*"
2,861,835
$2,597,421
profits tax_
-
-
,-fv
3,022,975
Quarters Ended June 3D—
and June
share
per
;
1,400,746
Union Carbide & Carbon Corp.—Earnings—
$2,577,875
$1.15
Par value, payable fiept. 16 to holders of record Sept. 6, and the usual
quarterly dividend of 37% cents per share on the $1.50, convertible
to v
are
excess
June 30,'45
•
Vrocee^i5 01^ sniares are to
„
-1946—6 Mos.—1945
is /believed thiat anj^ renegbtiatiott- settlement oh govern¬
ment business foy> the year 1945 .vsrUi bavo:no m&terial effect pnearh-*
ings aa *eportecl.—-V. 164, p, 150.
cents was disbursed on Dec. 20, last
year, making a" total for the 12
•months period of $2,50 per share,
"
'
r
The ." directors
also i declared the
regular; quarterly dividend hf
,Allyn A& Ca,
•
.
.* •/•' V'.V-.'
•/''
/'f:.'-;.
28, last. In 1945, the company paid four
quarterly dividends of 50 cents each, and, in addition, an extra of 50
■i
Aug. 5Miered id the public 59,505
on
March 29
on
a,A'
*
//AAjtmTE-i-It
Ai
share and the usual quarterly dividend of 75 cents per share on
the common stock, no par
value, Iboth payable Sept. 30 to holders of
record Sept. 6.
Regular quarterly payments of 75 cents each were
& Repair Co., has been
/w-V.
quarter
the first six months of 1945. ^Includes provision for
renegotiation of war contracts.
,
'
{
per
'
v
J
and $347,000 for
'
r
;•
1,596,041
•
$2,425,418
•After deducting
6 an
$5,207,496
$1.97
vshai®-—
common
of any
$2,377,184
income
Other taxes based
prior pre-
on
June 59,'46
v
profit after all charges
preferred
...
'n'.».
v-
t
'•
?
/ Earns, per cora;-^hare^i^/i;,
^includes $6,975,000 excess
■
$16,000
870,
.
1946—3 Mos.—1946
»:
profit
Federal income
'
ASESULTSiPOR^SECGND QHARTER OP 1946 .AND 1945 A 'A
.
^-Seco'nd Quarter Ended—
r
pf
$11,125,976 $10,549,230 $20,637,760 $21,566,328
7,152,751
6,551,063
13,586,353
13,339,124
sold-,
products
| Int. Charges, etc._.
■;
L
1949 and .$340,502 ih
in
k
and
.
'■■■■
;^r
"
).' Title
Of
Operating
v
^ f^8 SUhS
convertible preferred
ferred: an<t • -.convertible.- preferred stock.
stock,
-profits taxes^
-
on
:
stock of the company.—V. 164, p.
i/;.>»<v\:,V>' '*
:'*V: VVi'K•• v>. i' ) I;-'".
i:'. '
Gross
$7,301,867
.-.808,307
1,000,000
1,490,028
'1,895,698 at;. June 30, 1945, gutter deducting dividends
•
-
* originally /was sdbeduleth^fdr^AUg. • 15, • but: was- post^poned , andia being called In-place of the' regular' annual meeting,
r
m* $310,027
as
any
Other income
vota-Sh^^
30 to
Little; r^mident,: announced
common/stock,.yRoyal
'
•'-.• a
are
except
equal or senior thereto in certain events
change in the articles of organization.
Neither
preemptive or preferential right to subscribe to
adverse
Net income
Schediileckfdr;Sept:-<3Q-^'►1J'
,VA
retirement
,f.
.
company
power
issue of securities
or
Delivery, selling, admin.
/'A-i and gen. fcxpenses—-i
:TNetf4>rofft:.
$11,449,449 $5,433,360
^^;i^'^-Ay#®|wngs^er^i^moos'Share^^^»^*»^^r ; -'^4,33f$2,43
:.rir>■•.,
required
the
Period End, June 30—
Aug. 26.
efidi ^ere paid to
in
year
new
Cost
246,039
/
_
the
.
$12,939,477
•
one
/ Net sales
8,850,000 $10,525,000
■;it,A:
-
.
L il r-
U M ^ W ^ w i. — i- -fc JUU i. Srn,
of
voting
preferred stockholders have the
•
43,256,267
24,079,256
1,522,075
1,077,364
1,148,130
319,274
.
bond idiseount'and expenser._^..w—
sole
;/Union Bag & Paper Corp.—Earnings—,
157,344'
20,547,634
exps.
have
a
class of stock has
any
$95^351/732'$9$/00$4$8
-
83,832 Shs.
,
Texas AGuif Sulphur Co.—-25-Cent Extra"
4
"-Income
Amortization of production costs and oth.
$18,101
in~4reasury„„,
'.'^Z A
/ ■;
r
■
'Total
stock
common
and
except that the
holders of two-thirda, of the preferred stock is required for-the author¬
3,345,718
Operating expenses of exchanges and theatres, ;v:
administrative expenses, etcU:-4v^.^,-—* 48,151,921
elect
;and for any
.
320,905
'
;A:
;.y-
.:_ZZ.-I:Z:Z
Capital stock outstanding, excluding shares
;-p«. 163, £. 1773,
P
y
14,325
l;* l'948_J._—
-,s
.
loss
-and ^theatre receipts,
Income Irora (dividends
share
per
and
,
-
3^12,103
000
(net
expenses
bond6 called for redemption April
on
..
■"
,v-;
1
law
for
ization
• s
vote
one
by
stock annually, or (c) the net current assets are less than 120%
*
5,372
1.1211
^Tt-.war.^r-Hf
—a* <r ** >r"**—m
default
'
$91,218,724 $04,505,106
film
-1127
/funded debt plus the par value of the preferred stock and any otner
A stock equal or senior thereto, and except that a vote or consent of
AND VOTING -CONTROLLED
-
V.t#$3,707
*" ** ?■ Tf<
r r*+
Income bond interest (3 monthsT2-'JZ£±
Other interest and discount (net)^"';i
.
2,424.705 *';
.
.
COMPANIES
20 (Weeks JJnded—
V
Gross'"Income from sales and xentals of
.
9t plant and
,
I441.;
162, p.
jof(iereign subsidiaries, not wholly-owne43 - A.
^June 29/40 June 30,'45
a
ind.*$5il06,I/:^
expenses,
.
r..i.; %^viM%ii-* ;-'.V."SS. 1STT
majority of the boai\< of directors when (a) four
quarterly preferred dividends are in arrears, or (b) there has been a
.
{Met sales
*
a
of
RIGHTS—Holders
to
provided
right to
^Including National Theatres Corp. and Rox/ Theatre, Jno.) "
INCOME ACCOUNT FOB SIX MONTHS ENDED JUNE 30, 1946
<Cost-of sales :i#tnd
VOTING
Oentury-f®* Film Cprp.--Earnings—
SUBSIDIARY
Iron & Steel jpo^—Earnings—
—.-■
;
entitled
*' '■ i'''i
''
■'
'
,
Realty-Sheraton. Corp. below.—V,
INCOME ACCOUNT OP CORPORATION
j/ Taylor-Wharton
•
Trinity Buildlngrs Uorp. of N^ Y.—Sale—
Seet United
-
.
v-.-y.,
'
„
.
V« -{&
,
„
.
,
*7 VV-/. V.. 4
FINANCIAL CHRdNICLE
capital stock of Trans western Oil Co. has been removed from listing
on
the J^ew York Curb Exchange, it was announced on Aug. 16.—
V. 164, p. 870.
~
*
\
fl ■
■■
X5 voted »
3rfor*i : Bplit of capital stocfc r
with a corersponding reduction in the par of the stock from $12.50 a
Share to $4.16% & jshare.
•*:
•
*
:■■> : A
*?• The
action' was approved by wore .thah .90%: of the > outstanding ,
Stock .represented,.
s
■/..
■
/'•
" v
'»
•
'
The split, subject to Approval of the amendment' by the Virginia
State Corporation Commission, became .effective Aug. i9'.-r-V, J.64, p.
A!?at*\'■if'i;.;i'i':
I > «- • • \ s- < i
THE COMMERCIAL A
lumber; 4$ 19
Sweets -Co. ot America, Inc.—-Split-Up Voted-*
;
M
•
«- -:
—
irsuance
of
'! ' Transfer Agent—Harris
^AlisodTio relmburse working capitalAfor-cost^ of fldditions 'and:
" The
.
approvalrwas
voted
t
after
P.; Skouras,
Spyros
President^ had
-
i./A^fwrpwun^^f.jjroparty;/plahbequipm«hb^
^1945'Aand-the'«rtt'//he?h^tod/inftiw?'quofitions^ppftyentlyAdesighed to hring out-that
'it-.ir^JW-tcr «olT946;/ approximately;$326,355»^^wJJl«.be^uted;ito''Proviafe Xunds'i^adApproved <the'. proposed transaction >tO'further; the - interests
-
complete , the ,expanston
/
:
Improvement Aprogram;
and
$221,100 /td
;
his brother,- Charles F.;
^.
ao
AofficiaJ- of
he
«of
Mr.
Natlonal Theaters Uorp.
;■
.
'
'
^ to adldtionnr
working^capital..
business at
that
time
the
was.
■^d-fipexjmities' fbr/Yapor
manufacture and
sale of heating
.awir^teatn/h^ing.^/;"
sys-
/ ; B stock for,^$565,000,
the sharese permitting them to acquire
20%
a
//;^^vinteje^iastbesTheatei: xsampany for Afi,050,000.—V. 464/ p^-734.
bite.lor
th. ..pa«h«w .vof; H.800.000
Uniiea Air Lines, inc.—earnings—
*
Offprpd
Stnok
A
infal
I ;. CAPITALIZATION. GIVING
'yyy
Common.stock
Authorized
each /four!' .shares
-
a
-r
From
■
financed
&
Co
Brothers
*
.
&
_-III_I-
:
Co,
//White, Weld &
'The
Wisconsin
Nelson
The
Co.;
&
Trust
Co.
A. Noyes
Win. R. staats Co.__
Btifel, Nicolaus & Col,
,
iJulien Collins Ac
.
:
Carter
H.
rubber
571
-1*929
1*543
lines
to
571
stock
financing
,457
tires.
457
Nebr.__
1,543 ^
Harrison
543
s:
4-,
&
771
771
Lester
&
771
Pacific Co. of California..,
~
Frank
Meyer——"I
&
In
June,
1946,
the
/from
5,000
shares
of
229
lative
229
(no
229
of
,.
Mar. 31,'46 y-
■;A Net sales
Cost of goods sold
Bell. & adm. exps;,,,,,
tires
proved
in 1922.
$9,547,825
par).
\
(no par) to 4.000 shares of $4.25
$4.25
.
cumulative
preferred
were
2,615,477
2,155,220
$1,607,634
$1,314,511
41,058
$455,546
$1,355,569
40,539
$1,666,009
131,646
174,250
1,074,852
$4.25
cum.
pfd. stock ($100 par)—
<P9
income
t'-'' "''' n-4'T (,0'Z
4 <"
.
«
r-'V>
^
Total income —
Total
income
Total
t
taxes
Net
.
charges,-!
and
•
'
96,023
864,163
$240,756
$459,510
$395,383
7,863
'
7,863
7,863
Equity ot minor, stockholders
—
'
$232,893
$451,646 ,!. $387,519
■
>
1941^L.„_/i_U-—-_i!
1
Having
merged
with
arid into Sunray
Oil
CorpHand
verted each share of capital stock Into
seven^tenths of
-preferred4stock*
series A/; par
value '$100
of
a
V*Before
having
con¬
share of 4y4%
Sunray Oil Corp.* the
plane
miles
amounted
to
1945.
Express
United
of
Air
ton
Air freight,
accounted for 839,258
Lines
for
new
miles
new
a
ton
were
1,225,818
phase of United's
miles.
^
flying
/
■
i-. ■
equipment
Net
-
Conting.
30, United had
end and
9,813 employees as
3,710 before
from
Total
operA
$9,818,226 $27,912,126 $18,429,577
7,467,496
25,992,050
14,132,533
Net
.....
,
$1,920,076
Ur333,016
$4,297,044
142,917
$2,442,915
$1,587,060
$4,439,961
1,017,000
746,000
1,835,000
$1,425,915
1
$0.07
..$841,060
$2,604,961
$0,42
$1.57
$2,350,730
92,185
$2,338,601
985,000
$1,353,601
;
and state
taxes
—
income
per
■
$2,505,761
jDrl67,160
income
income
1946—6 Mos.—1945
1946—3 Mos.—1945
Other income
Prov. for Fed.
\ X\
COMPARATIVE INCOME STATEMENT
•'«•
Net earns,
compared with 7,704
the war,~
—
share—$0.72
of
income
taxes.
Records Broke» in
■-
July-
Aii previous records for revenue passenger miles and revenue air¬
plane miles flown by United Air Lines during a single month were
broken in July, according to estimated figures released on
Aug, 16
by Harold Crary, Vice-President in charge of traffic and sales.
United flew approximately 111,570,000 revenue passenger miles last
month, a 69% increase over the same period a year ago and 7% over
June's total of 104,013,322,
$131,153
over
t443,782
t189,225
t357,387;
+129,125
525,599
With more than 19,000 employees now on its payroll/ the corporation;
announced that each of its 98 planes In scheduled coast-to-coast ser¬
t381,879
412,682
253,696
141,092
45,981
!
y/-.:"
Federal
for postwar+refund.
-
V
income
I;::: 1,900
§90,732
65,204
and
excess
profits
taxes,.
158,986
-
95,111
103.696
10,927
§90.732
T5l049
tAfter
50.15o;
reduction
<
4Contingency reserves, equal to postwar refund of
;protits taxes^.were charged against these profits in the amounts
$36,000 in 1943, $30,500 in 1944 and $44,500 in 1945.
SDeficit.-
excess
of
-
24,139
12,827
:
+ 143,720
•i
.
total
Reserves
127,835
1937—..
Co.—Stock Off List—
Before
:
Profits
>
102%
a
Taxes
1939
Oil
in
486,512
1938__
Transwestern
shown
$206,200
:$473,572
r—V. 164. p. 150
was
$337,353
.
!;i942lIZZ~ZIII3IZ:IIIII3~~III3IIZIIZZ^~y:
.
Net; inpome
also
633,007
1946J
$480,844
7,271
expenses
'/;
/&;•
sub¬
Profits
820,156
1945_-_>»—
—
;
a
-
Excess
•Net
quarter of
Period End. June 30—
Outstanding*
Fed.Jnc/
$1,454,761
.-153,760.
operating
$2,604,961.
show
continued-to
second quarter, totaling. 283,*
Revenue
Operating revenues
$17,832,596
♦Oper, exps. and taxes.
15,326,835
4,000 shs.
86,229
earnings <©£:
$55,000,000,
June
Exclusive
;35,266 shs.
\
1
on.-.income.-
.income
!
of
war's
Earned
EARNINGS, YEARS ENDED FEB. 28
Other
'r
single
4,000 shs.
139,863,309.
1,355,975 a year ago.
•
cumu¬
50,000 shs.
Commqm stock
$1,368,531
58,37*
sold
Authorized
5,364,220
2,197,124
$425,945
19,CC0
.Operatlng profJ.t
*
at
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
$8,929,876
779,971
As
f
,
stock
:
A}
year.
net
according to the report, which listed the
company's orders for a fleet of 35 four-engined Douglas Mainllner A
300's, seven four-eng.ined Boeing Stratocruisers and 50 twin-engined
Martin
Mainliner 303's.
As of June 30, United was operating
69
twin-engined Mainliners and Cargoliners plus 22 four-engiried, 44passenger Mainliner 230's.
•
."i 1
par) and 50,000 shares of common stock
6% cumulative preferred stock (3,314 shares out¬
called for redemption on Aug. 15, 1946, and 4,000 shares
The
second
the
against
Commitments
and
company changed its authorized capital stock
6% cumulative preferred stock ($100 par) and
1943
6,078,093 /
unprofitable
privately to a
buyer gt $100 per share for payment on or before Aug. 14, 1946.
-
.
1944
$2,907,093 $10,827,399
1,691,176
6,604,287
'
v
1945
automobile
preferred stock f$100
standing) was
"
CONSOLIDATED STATEMENT ,CJf INCOME
(^cjuding Trane, Co. of Canada, Ltd.)
of
the
30,000 shares of common stock
.
•
771
-
after
passenger miles for the
against
as
approximately
Prior to 1912 the company gradually expanded its
druggists' sundries arid, subsequent to the preferred
in 1912, it commenced the manufacture of automobile
manufacture
The
771
I*
*
©tern,
229
in
..
-V 229
771
include
discontinued
229
771
"""*
Co
*
overshoe.
revenue
activities this year,
($100 par),
CAPITALIZATION^ALE OF PREFERRED PRIVATELY* v'
229
/
as
which, in order of importance, are rubber and canvas footwear, a wide
range of molded rubber goods, including some druggists' sundries, and
#Ay:'-y
A /'-A a /uiA
229
771
'I*""~
recapitalized
stock
in
in
732
recapitalization
For the past 20
years there have been three major divisions of the company's business
229
Holley, Dayton & Gernon,,^,.,^,.,.^,.
Kalman &
Company, Inc,^.
.
was
457
I'l"-
——II
Co
The
457
1543
"'771
InZZZZZZZlTlZZ,
Company,—
15,000
457
1
Henry Dahlberg & Co,
Garrett-Bromfield & Co
■
571
1929
"r"r
part
common
1*543
I
Lincoln
to the
571
5,000
reported
14,073,291 as against 9,086,663 a year ago.
Mail ton miles, reflecting!
the loss of military correspondence, totaled 2,340,791 as against 5,307,-
1922 by the change of 5,000
previously outstanding, to 30,000
(no par) common stock.
The stockholders thereupon donated
company 20,000 shares of the no par common stock, of which
shares were sold for $250,000.
original business was the manufacture of a patented type of
shares
571
in
was
of
shares
1929
—__
n
of
Company
"
of
1946, United
Increased operations
of- United's
extent
002,761
;
sale
571-
-
I
Co
571
-
gain
.
A:
the
1^929
1^929
;\f,
Co.—,-
Douglass
First
.r<1;
571
1-929
-
;
Walston. Hoffman & Goodwin-.—
Watling, Lerchen «Sc Co
'
II
2,343
L929
1929
_■_!
Hornblower & Weeks
Loewi
2,343
7^907
4 A. C. Allyn &
Co., Inc.rPaul H. Davis & Co..,j.__
of
out
the same period of last
of
been sharply higher, Mr. Newey said.
Increased operations* and
higher unit costs have contributed to the latter, he added. ? >
The
to finance the building of a new factory in Andover, Mass.
The main
manufacturing facilities are now located in this plant which, w.ith
subsequent additions, now contains 178,000 square feet of floor area.
-
.Stockholders
7,912
;
largely
in
months
have
/
earnings until 1912 when the company
shares of 6% cumulative preferred stock
authorized
From.,
-
Company
•
^
Lehman
a
purposes.
six
United's; operating revenues this year have
stantial gains over those pf a year ago," but
the company and added to
successor
'
,
•
one
No. of Shs. Purchased
.
Rights expired Aug. .20. T
the. first
-.-$841i060,-.equivalent ,to 42 cents-per share, as against
f equivalent to $1.57 per share, for the
first half of 1945.:
share for
new
HISTORY—Company was incorporated in Massachusetts In 1876, as
to a business founded in Andover, Mass., in 1856.
It was
of the Jirst rubber manufacturers in America.
Company's growth
^00,000^18.
names >qI ?$he several • underwriters and -the
which each, has agreed to purchase, are as follows:
was
:Cruttenden
•
will he received by
Vorklng.fCapital apd Apphed to general corporate
Outstanding
d$0pa<)^^^^r/....,..^^oo>OOO^hs.
-number of shares
■y":
held;
pURPOSEr^-Proceeds
f
one
1
^l^b^VhMTERS^The
*•
to common -stockholders in ratio of
EFFECT TO PRESENT. FINANCING
'
■
for each six preferred .held and
common
one
•
sas1 JK- ^5ss&
cents per share,
87
or
.For
:
in ratio of
t
.
33 ©15,
^through the medium of approximately 72 sales offices located in the
cities of the. United States. - which offices are manned by
.engineers particularly trained in aiding in the
layout and design of
heating *nd cooling systems.
V.
The~«ddition:ofrrmore^services and -JargerA-planes-proved 4 major
>s/. factor in producing net earnings of .$1,363,601, equfvalent to '72' cents
hf
'' PCr share of common stock, in the. seeond quarter of this year,- «o■
ssr-s
'principal
serial
HMcHugh. Treas:
iv
-• v
;-,ka:
Common
win
comwny
-equipment trust-certificates,,up.;to 12 poon. Aup. 27 at office of E. c.
Union Trust -Building Pittsburgh.—V. -164 pv-598,
i
y
'
» \
'
w
gu.—v.
ow;.
I
•
.
i/ Tha presentrdayAllWf ,of:;TmneA-prcKiuctsi-ihclttdes:.«'Jarge-Pumbef:*Of;:'^;-:A>VA^;J///Aft/\''--'?';:'/: /v- ■) components for steam and hot water heating systems, and for year'
Tver Rubber Co.
'Another /group headed by Halsev
Stuart-&^Co Inc.; bidAfl8M/for 3'S/./ • \ < V
"7
' -l »k
I
/To Receive Bid$ On rpaiC bf EQUlpinent^ISSUe—
'
>
}
t"e otter made by Tr.oe-
.merle. ^3orp.
.
oThevdeal-will «lve; q/profit »fc.$6*860,000^ to^'-Itour.'^managers of -NaCto/^e^Uonaj;Theatew
fthoden, H.r J. fitzgerald
; y: y
^/HtSTQRY^ BUsmES^^bsbusihe^how^known^T^
-
Bt0T3 5f1,J the rorp<)ra'U'n-119<1
yrpewtft
bid /98,60 for k's.
Revenue
vice
June's
has
ployees
a
per
airplane miles flown in July were nearly 4,970,000, up
4,719,897 and 40%
crew"
airplane
of
"ground
each
over
102
seat
>
8%
July, 1945.
persons
or
just
That's
approximately 4.2 em¬
double the number of
employees per plane which United had in the pre-war year of 1941,
according to H. E. Nourse, 'Vice-President—economic controls.—V. 164,
p.
.870.
'
-
•
,
\.
.
{
.
United Chemicals, Inc.—Exempt From
The
Securities
and
Exchange. Commission
^
'
Act—
has,/issued
an
order
declaring the company exempted from the definition of an investment
under the Investment Company Act —V. 162, p. 1441.
firm
Monday, August 26, 1946
H128
•»
w
.
:*•
Mk
This
voked
concerned.
**
,
•
United *s
'
\
*
}
corporation
share.-
United
It
This
•'
a
on
"A J'
a
stock
common
,l'
"
.'V-'-yv
•1
J- '-'fM ,*f,s v/ti: j'A.jhi'V;T/: V'
v-i
■/!--"
Unifed Public Utilities Corp, (& Subs.)-^Earmngs-^r
Tot. Cper, revs —subs.
.Operation
power purchased-Gas
purchased
Maintenance
Federal
157,257
37,913
.
Depreciation
86,069
___
A
409,243
' I
Title is to be- transferred
hotels
„
f,
owned
and
-
also
281,484
that
the
cash
strengthened
position
I
80,025
170,875
208,496
77,172
157,225
152,347
13,539
income
oper.
13,539
27,079
$454,013
Other; income
•
double the number of hotels
$408,395
2,826
4,313
$268,077
3,451
$228,683
2,44.1
$264,626
$226,241
|net)-~-:^
Gross income—
t|nt; ,«tc., deductiohs-U
J
6,189
$460,202
'6,256
$417,239
$453,946
J $410,643
the
Gen.
Int.
>
c
and
1
$279,099
taxes
other
coveries in
taxes
we
operate by 1950."—V. 163, p. 2901.
now
163, p.
2772.
■
.53,617.
..
59
330,058
quoted market prices at cost of $47,823, and all other securities
quotations, the net assets of the corporation had an indi¬
cated value, on June
30, 1946 pf approximately $59,584,491;
' *
ACCOUNT^ SlX
See Wamsutta
1945
$562,746
2,187
$553,627
31,999
156
$572,760
$585,783
7,826
«Other income
.1944
•;
Total
income
■;.Net. realized on invest,i
Total
980,729
•
17^
expenses
,
6,756
J
I. 89,461
Dr408,106
$600,489
5,515
.
73,147
8,180
73,347
:
,,
$243,785
;
72,50?
1—rr
:
' Net
.
profit
First
.
452,478;
331,744
_______
preferred
divs.___
51'6,§57
516.957
.
it-^'
-"''
BALANCE SHEET,
JUNE 30,
a York
1946
'
'
at cost
investment
(indicated
in
United
receivable, etc., $110,018; secur¬
approximately $40,292,813), $20,444,560;
value
States
&
International
11, l2o ed vaIue approximately
'
■
Securities
$18,637,000),
Corp.,
$9,536,529;
$31,-
LIABILITIES—Payable for securities purchased, $410,000; reserve
«««s't.occrUed expenses, etc., $15,400; $4.50 first preferred stock
V
<100,000 shares
no
^aares no par),
paid in
cash
by
common
subscribers
to
second
no
'A* 8' Months Ended
June
Ccst
of
Selling,
"
1
$II.E33i640
10,036,750
"r
$831,173
$762,670
f$ciiittesZ;3ZZJ
223.365
fcreditsl'__
35,260
Estimated
-V.
64,666
Gross income
'Income charges
"Brovision
■
.".'Net
for
p
I"
Federal
taxes
on!
278,632
,
outstanding—
^Earnings
shaie
per
.
$665,832
".
499 241
III™
n®w
1
this
natural
corporation
try ingredients.
mentation
feeds.
to
riboflavin
■
process,
are
of
material,
complex.
piong
available
mow
'v■
'
product
with
and
consists
min B complex,—V.
1
contains
natural
for
85
parts
carrier
one
the
announced
fortification
gram of
carriers
concentrate
of
natural
a
been
of
by":
and
containing
No.
an
85
is
a
hundred
per
important
vitamins
more
of
of
number of
the
mend
to
The
Its
corporation
has
called
series
made
and
"B,"
at
dividends
at
the
and
$105.50
Bank
of
all
vita¬
and
dividends.
•
cumulative preferred stock,,
Immediate payment will be
1946.
Company, 40 Wall St.,.New York,
price; plus accrued dividends to Oct. L
.
..
■ ■
$100 par
outstanding 23,236 shares of cumulative preferred stocky
each, divided into 13,824 shares of series "A" and 9,412 shares
of series
"B."
are
Co.
Sept.
on
of
York
New
.
note will be
into
$150,000
tirement
a
of
will
is
p.
2773.
t
1C filed with the SEC for 315,185 sharea
Stock will be offered to the public at $1
be
used
tin
ot
do
geographical
No
to
ore.
company
10,006
on
16 filed
Aug.
shares
($5
,a
par)
underwriters
work
tract
on
named.
letter of notification' with Jtho
be
to
common,
J:j
and
inc.
June
offered
for
sub¬
of
1948
and
and
1946
v
1945
depletion™..™
$5,943,112 $10,228,225 $13,502,493
9,853,729
5,538,271
12,619,886
572.602
327,409
181,609;;
expenses
93,185
income
taxes.
175,262
5,200
205,945
$130,047
State
est.
for
6 Mos.
6 Mos.,
etc.).
:.™
sales
*
$5,920,122 $10,181,492 $13,461,982
22,990
46,733
40,516
revenue,.
disc., rent.,
(int.,
2nd Quar.'
j
3(K-
operating
,*$133,375
$66,065
_
income
38.000
loss.
LIABILITIES—Accounts
878;
and
stock¬
vote
on
par.
are
year,
payable in instalments to 1961.
at
The
.
a
share.
■
also
pff »
4
vote
on
-
an
To
increase
in
the
outstanding,
,
company
authorized
..
-
:
,
preferred stock are in arrears $55
on 71,824 shares outstanding at
,
,
Woolworth C».-JUly Sales Increased 16.3%1946—Month—1945
*
J—
42,082,807
*
1946—7 Mos,—1945
«
* '•
36,158,459 279,750,075 250,514,997
■7"
Worcester Gas Light Co.—Financing Approved—
Department of Public Utilities recently approved the is-,
suance by the company of 45,824
shares of common stock ($25 par)
at $25 a share, as fixed bjr directors, and $2,900,000 of 3Va %> serial
; notes, payable at periods of more than one year after the date thereof;
Stock and notes are to be Issued iu exchange for $4,045,600 principal
'amqunt of demand notes and open account indebtedness and for no
The Mass.
.
-
other purpose.
.
:
•
The Cambridge Gas Light Co. is authorized to accept in. exchange
J j: for $1,900,000 of demand notes of the'Worcester Gas Light Co. a like
has no plans for the issue and sale of any stock.to
J-ijv.r :
jJ
,J
the immediate future.
dividends on
—V. 164, p. 466.
.
are
provide for note conversion 150,000 shares will be reserved.
The
Sales
It will be con¬
sinking fund
>
.
,
including sundry accruals, $2,039,-
aggregate $3,950,320
V, 163, pj 3002.
End. July 31—
to be used to
$5 par common stock to 750,000 shares from 627,848, of which 420,000
shares
share and
V-tfune 30, 1946
^SLiliil^PeriodW.)
<F.
with present requirements for debt re¬
years.
In addition,
of any excess of net earnings over present
retire the principal amount of the note
will
payable,
accrued taxes, $110,043; other liabilities for Federal income taxes
Bond subscriptions withheld
from employees (see contra),
per
annually over the next, five
,
1946
War
fixed
The
JUNE 30,
,
Issue
compares
$470,C00
stockholders
$20
SHEET
$55,515; reserves, $516,310; 7% cumulative preferred stock (par $100),
$7,186,133; common stock (200,000 shares no par), '$4,388,889; surplus,
$4,047,308; 37 shares reacquired preferred stock at cost, Dr. $3,700;
total, $18,340,376.
•
-
r
.
Note
Plans
which ls ,o he.
The proceeds
at
stock
will pay 25%
requirements, to
at par.
-
common
the company
dividend
4(6 &
Manhattan
fN. Y., of the full redemption
'mere
redemption on Oct. 1. 1946, all of
preferred stock, series "A,"
respective stockholders.—V. 163,
stockholders
The 4%
of
cumulative
of its
exploration
NOTE—Cumulative
i
for
outstanding shares of 4%%
their
Insurance
164, p. 325.
will
CONSOLIDATED BALANCE
for the J
Inc.,
pay off $1,500,000 of its back loans, the $1,000,000 first mortgage
Ohio River Co., a subsidiary, and for other corporate purposes.
United States Ply wood Corp.—Calls Preferred Stocks
at $108
satisfactory plan
a
company
Broughton.
Broughton said that the negotiations did hot result iri a plan
the exchange of stock which the two managements could recom¬
vertible
.
this
F.
S3,oootooo;4%; convettibie note,
the
riboflavin
of
.
ASSETS—Cash on hand and demand deposits, $956,032; U; Si Govt,
securities, $1,765,698; notes and accounts receivable (less reserve $190,•
162), $1,276,505; claims for refund of Federal income and excessprofits taxes, $760,600; Advance payments on ore contracts, $341,104;;
inventories, $4,032,944;'cash fbr employees' Federal income taxes and
War Bond deductions (see contra), $55,515; property, plant and equip¬
ment (after reserves for depreciation and depletion of 22,739,212),
$8,991,262;, mine
devolopment costs
(less amortization), $262,503;
patents, $1; deferred charges, $99r112; total, $18,340,376. j
1946—7 Mos.—1945
1946—Month—1945
been possible to work out
not
of
The
concentrated
active
agencies
cf
charge
provisions of the" Wajf Profits Control Act,
1945, and
for1 refund
with respect to profits to such date,
$12,037,801 $10,061,466 $79,525,314 ;$66,041,909
West Virginia Coal & Coke Corp;
and Increase in Common Stock—•
per
in
be
Since 1944 he has been in charge
the Commercial Vice-President.
renegotiation proceedings have been completed to Dec. 31,
the companies have been given a clearance without liability
>
animal
active riboflavin
for
$21,722
Mr.
for
:';V-- y
Riboflavin
and
have
Proceeds
sales
•Net
16,500
and Utica & Mohawk Cotton Mills,
President of Wamsutta, has informed
holders of his company.
' .
$1.09
supplement its general line of livestock and pouinew
concentrates, derived from a natural fer¬
has
merger
■<
_
A^
Aug.
stock.
Ji
Net
$38,222
$49,565
20,000
$29,565
——
Charles
These
Riboflavin mixture No.
ounce
concentrates
It
436.836
$1,33
>
Two New Riboflavin Concentrates—
.
appointed Assistant to
has been
will
and
for
Personnel
on
for
Prov.
Wamsutta Mills, }Sfew Bedford, Mass.—Drops Merger
431,000
$475,139
■
,
Taxes, other than income-.-™^.-.
'—V. 164, p. 466.
$973,733.
f 37,594
210,000
income
'Capital, stock
'
$1,154,464
J~~~~
income___^_
The
Other
1
-
land
Net
Walgreen Co.—July Sales--*;
16~9*617
; •
.
Phillips, formerly Division Commercial Manager of Private
succeeds Mr. Hitchen. Mr. Phillips previously held the
District Superintendent in Philadelphia and Pittsburgh.—
Period Ended
14,995
net
Scales.
.
,
•
(Allan) Wood Steel Co.—Earnings—
■i
163, p. 3001,
Period End. July 31—
41,446
v
deficit
a
income taxes in either
Under the renegotiation
•
'; Dividends
^ofit on^ disposal of ,?urplus
1-Other Ihfcome
: :
indicates
Board
Federal
to stockholders'at $10 a share , in the ratio of- one share
for every five shares held.
Proceeds will, lie used for retirement of
bank, loans and 'expari«u«i4 ptos^pm. /®
$23,227
.15,840
Labor
for
scription
64,993
,v<
*
.
Telegraph Co.
common
share.
Cost
$33,726
.
War
deduction
Vice-President
company
par)
SEC
$88,220
Net income 8 mdpthsj._-r
j,y
Est. prov, for Federal and State income taxes—
1§45
>T 714,229
J.Net operating
Income credits;
of
Depreciation
66,318
204,611
Wheatley Mayonnaise Co., Louisville, Ky.—Files With
r
"
1,285,922
expenses..
of
1945
1946
Net income
11,838,350
administrative
a
<-
$100,043
Total expense
/
1946
and
(lc
transactions),
$13,95M45.
and
■
$1,049,725
Western Tin Mining Corp., Washington, T). C.—Files
& Coke Co.—Earnings-
Net income for first quarter.
"
Operation
The
to receive new First
.On, June^^30.
$4.95
are
-
30—1
'
no
With SEC—
share-for-share basis,
a
Total
-Earnings—
sales___.
general
^ on
Quarter Ended June 30~r
income
i-
preferred stock), $4,• 50,000;
capital surplus, $650,-
par), $98,500;
U. S. Industrial
Chemicals, Inc.
.
Union
stock of Utility Equities has an asset value of
Virginia Iron, Coal
$10,000,000; $6 second preferred stock (50,000
$50,000; general reserve (set up out of $5,000,000
stock (985,000 shares
Commercial
Total
par),
♦iaod^qJc1^8. surplus (including results of security
$14,886,845; totals $31,061,167.—V, 163, p, 2487,
a
at cost
total,
common
'*
«■
135,000
______
f$5,141,438
oper.
Chatham, N. J.,
of
Western
by Amer¬
a
share after allowance for the preference of the priority stock in
involuntary liquidation of $100 per share and accumulated dividends.
Giving effect to the merger, the authorized capitalization of First
York Corp. would consist of 104,309 shares of $2 dividend preferred
stock with
104.308y2 outstanding and 2,914,740 shares of common
Stock\ with :?,914,739.37 outstanding.—V; 164, p. 734*
.AE®®P!'S—Cash, $970,060; dividends
ities,
Cofpl tciommon; stock
1946, the
,
.
$3,139,755
1,955,030
fDeficit.
was
Hitchen,
Stuart N.
to
$163,098,,':>^iv»lepti^'::$l124.24»
r
~
bi6 957
UoldCrs of common stock of Utility Equities
$775,17$iv';$521,627-«i\
,*
••
position
receive lYm shares of new First York Corp.
company) $2 dividend preferred stock, 7% shares of
stock and $11.50 in cash.
The dividend arrearage on the
is
811,689
Wire Service,
priority stock of Utility Equities amounted to $24.21 on June 30, 1946
(after giving effect to a dividend of $3.50 payable on Aug. 30, 194f>),
making the claim of the priority stock $124.21.
Since thp. asset value
of the common stock of the continuing company
op;a pro forma basis
as
of June 30, 1946, amounted to $4.95 a share, holders of priority
stock of Utility Equities would receive, on consummation of, the merger,
securities and cash having a pro luiuitt «IUHC JVf, 1946, asset vaitie
a
forma June 30;; *«»-*>»,
" $651,891
Cr6,008
;
$855,077,;
•
$2,695,149
444,606
effect surplus)-™
(in
National
by
$2,700,000.
the
of
Equities
awarded
about
Cecil
?
Utility
credits
income
current
7 promotes Two Officials—
to be held;
merger of
agreement
Group of
1946,
incident thereto
1945
period.
ican General Corp. which, in turn, is controlled by The Equity Corp.
Under the merger terms each share of $5.50 dividend priority stock
73,217
in
deficit from
or
the
at which approval will be requested for the
that company into First
Ycrk Corp. under terms of an
dated Aug. 16, 1946.
Both companies are in the Equity
investment companies, First York Corp. being wholly owned
1943
$594,481
2,170,200
|$3.$98,154
-
NOTE—There
(the continuing
Cr269,294
i $1,553,489
Cap. stk. & other taxes V
;
11,549
Gther
.
163, p. 2773.
The
:
Sept.
•
profit,
Mills below.—V.
Utility Equities CbrpT-;rProposed Merger—
corporation; lias caUedS k irieetlng of stockholders
,:
:
its common
'
-Earnings—
2,000,000
reduction
tax
rates
of
Dropped-
$576,673
/
$539,802
54,680
*
period.
of
MONTHS ENDED JUNE 30
1946
<
Cash divs. receivedInterest
13,366,000
•Restated to ipclude estimated retroactive wages applicable to this
'V
1
J.■
'•
J'?" :
' :.J,J'.;
,;*■■*> '•
Restatement of these results to include the effect of going wage
^
.
market
INCOME
fields.
cosmetics
and
Utica & Mohawk Cotton Mills, Inc.- -Plan
Foreign Securities Corp.—Report—
.^ Calculating the investment in United States & International Secur.^5 Corp. at its indicated value based on underlying? assets, securities
without
at
electronic
$276,146
.
^ United States &
;
the
year
490.481
$427,987
26,119,000
Deficit transferable to surplue—^;^^—. $4,936,827
especially engineered by Sylvania.—V. 163, p. 2202.
V $14,887 "
$211,267
2,108,000
or
Delayed
acceptance, will take place in Chicago in the Pall of this
through all Delettrez* outlets.
"Cosmetron" is a new "at home" face-and;, skin beauty treatment
consisting of a revolutionary ail, developed by Delettrez and a lamp
$876,839
110,210
111,930
24,644
$4,670,000 $50,147,000 $27,653,00Q
income
on
Net income
favorable
$564,556
:
,
$8,434,000
........
defioitr before'int. & Fed. <ine. taxes $$3,186,465
Int. (chiefly on Western.Union long-term bonds)
1,954,973
Proppor. of retro, wages & addi. lessor cos.
rentals applicable to prior years, equivalent
Bal.
'
■
The promotion of the first product of these Joint efforts—Cosmetron—
which extensive consumer tests have already indicated an extremely
JJJA-A"
J
$398,562
67,772
deducts.
'j • S
^
^
1946—7 Mos—1945
••
$2,568,000 $30,028,000 $14,287,000
Balance or: deficit; from operaUone„j,ii,w«,
Miscellaneous income (including divs. & int.)_,
on
^
'
J-
Net income——„
—Y.
f
and
exps.
:
A :;j
—
owned subsidiary; Delettra, Inc., on
entered into with Sylvania Electric
Inc., providing for the joint exploitation and distribution of
facial and skin treatments embodying the latest scientific dis¬
new
United Public UtiUties
"|s >Corporation—.
Total income—
of
form
;
ihded- June 30— '
1946*j'AA»1945;'
operating revenues
$86,684,394 $92,717,060
Operating, administrative & general expenses,,
67,649,405
66,548,774
Repairs and maintenance
11,505,253
11,630,289
Provision for depreciation and amortization—
6,429,396
6,596,224
Employees' benefits
_™w-.
1,537,369 $ 1,440,475
Social security taxes';
;
1,561,125 ,1,637,949
Taxes
other
than
social
security & Federal
,
J
Products
6,596
'
to corp.—
the
in
•;
Six Months
This corporation, for its wholly
Aug. 21 announced an agreement
'
i'^Bal.applic.;
the
and
Gross
Universal Laboratories, Inc.—Enters Into Agreement—
8,844
.
V"',
Western Union Telegraph Co.
.
Further acquisitions are being planned by the Sheraton group and
the company's president believes that ".it is perfectly possible to have
27,079
$224,364
sales
-V, 164, p. 734.
to
(Net
i.
stockholders
common
^
1946—Month—1945
sales
Combined
in the
"earnings
position
$4,413,000
4,021,000
—
Wholesale
year
the past fiscal year.
plant
$265,251
that
stated
Sehderson
the
to
162, p. 2193.
Period End. July 31—
sales
Retail
are running
ahead of those in the year ended
"The profits of some $500,000 accruing on the Trinity
and Breslin deals have given the company a'good start over the pre¬
vious year," he said, and the income derived from hotel and officebuilding properties will show increases over the results obtained In
7149,618
80,046
•
requirements," cash
April 30, last.
72,434
230,400
fiscal
capital
Western Auto .Supply.. Co.-(Mo.)—July ^Salefe; ;-jjJ;
;
places
distribution
increased
diVidends."r-^V.
mortgage
current
develop—earnings,
must be apparent that this financing programi if approved,
will eliminate a heavy burden on the earnings for the next five years.
Alt other things being equal, this should favor the possibility of aii
,-
intimated
be
now
like—it
said.; the
(iAfte^ the^ meeting ^M^.
;
466,343
288,665
the
Charles
in Rangeley, Me., now to be
acquisitions now bring up the
operated by Sheraton Corp. of
„
'
should
committee, declared "that this transaction Will very much
Improve the financial position and credit of the company, that it will
permit the company to add to its woiking capital, .and that the com¬
pany will be better able .to maintain the competitive position • it has
attained through its large; dnd expansive improvement program.
•/'.while the future dividend policy must depend upon conditions as
p
Oct. 30, 1946,
on
•'
expenditures
although preferring equity financing, has decided to
convertible note, :the company ; stated. J
^
Dorrance, President, and Henry S. Sturgis, Chairman of the
executive
I<Jorp^VoiiesT ^Changet:
feilildirigs-^
earnings and reserves. •
a
portion of these
believes
board
issue
they
of
current
of
capitalized, and,
which the company has held on the Hotel Breslin ;in
New York City has
been disposed of at a profit of approximately
V$100,QD0^ stockholders ifrerS told.
*
373,904
526,471
77,847
__
,
corporation in position to consider increased dividends.
;
115,500
:
J
meeting
-
124,010
7
acqui¬
adjustment——
sition
a
Hcnderion
He
$2,140,103
,
it is also proposed to. amend the certifIcate of incorporatlon, tp givOv
the company perpetual existence. 4aj,v:
.V-vj/' A
uOverk. the past four years the company has spent approximately
$8,000,000 oh 'modernizing' and mechanizing its bituminous properties. *
J
The cost of this program, now almost completed, has been met largely
provided by the sale
acquisition of this additional cash will
permit the liquidation of outstanding bank leans and will alto place
the company; Ur position to acquire additional properties.;
r.-j
and. miscA
taxes..-—.
of
$2,344,000
187,130
232,399
.157,375
32,247
272,491
Federal income taxes
Amort,
$1,117,576
$1,252,456
215,878
_
»,.•*!
i---r r7/,' f , I
„ ■,
and the Rangeley Lake Hotel,
Rangeley-Sheraton.
These two
'Mr.
1946—12 Mos.—1945
1946—6 Mos.—1945
—
.State,. local
~
of
»■'.•
tt
held on Aug. 19, the stockholders
change; in -the. name of - -the- company to ?8heraton- Corp. of J
annual
America to, 24.
President, that the
shares
■••--.»
.
The
number
dere,
by them at the close of business on July 26, 1946.
three-for-one split of the common stock.—Spe V. 164,
■JJ PeriodfEnd. June 30—
^Subsidiaries— J..J
:
additional
two
>•
City of New York hasbeenap->
3%%, cumulative preferred stock, series A.
called
16 by J. W. Schwab,
Aug.
received
E .•»
Mr.. Ilendersoh" reported on the receht 'aciiuisltion of the Belvedere
Hotel, in Baltimore, Md., henceforth to be knpwn as Sheraton-Belve¬
Manufacturers,
&
1
of the
Bank
the
of
of over $500;000.
share held
effects
r.
total
Merchants
stockholders
J for each
•
contract hohd just
signed for the sale of the Trinity Buildings, at' 111 and 115
Broadway, New- York .City
(to the Princeway Realty Corp.).
The /
price was not disclosed, but Mr. Henderson made the statement that
the sale was for cash and Would make available to the company over "
$2,000,000 and that this sale would result in a profit to the company
has
announced
was
•>
been
^Effected—
common
k
t;.1 Ernest'^ Heriderson, President; announced thaht, d"
outstanding 1,214,699 preference shares and *
paid a dividend of $7.50 per share on Aug. 14 which eliminates all >
'arrears.
The company has indicated it will apply to the Commission
for permission to pay a 75-cent quarterly dividend on the preference
Aiock on" Oct. 1.—V. 164, p. 598.
<>*■
«'
.
7 America*;
V- -J j-jj-'A
j.
National
first
approved
and" Philadelphia Stock
York
a
'a
-
..
Kame^To Sell^Trinity
'
The
it
„
retirement of these shares were
registrar
At-the
has permitted the corporation, to spend $5,000,000 in the J
ireacquisi tion of its $3* cumulative preference stock, during the next six '<7
months. / Shares acquired will be cancelled, and retired.
•^.Purchases will be made km the New
Exchanges at between $47.50 and $50
Chase
1
The SEC,
'
«
United. S tates Realty - Sheraton
]
W\.
,
,
^porvoffering,-jsee V.l6i,pfl 997^'JvV
holdings; in the two companies.' United •> already had
Isold 20,000 shares of Columbia Gas under a previous: exeihptiott Order|
Reacquire'Preference' Stocks— "
The
pointed
large
Plans "to
■
-.-
out
exemption on May 21, last, to sell on
during, a three-month period not in
excess of ;200,000 common shares of Columbia Gas and not in excess
i*f: 50,000 common- shares
ofjU.G.I.
These blocks, are a part of.
.
-■
Registrar Appointed—
The" corporation, was granted
the New York Stock Exchange,
•.
-k
preferred stock.
Thf retirements re¬
Net proceeds, of the, financing,-after
retiringnhe preferred issues, amounted to; approximately $3,500,000,
which is being added to the company's Working capital.
v
,
the
-T
«
shares of neW 34*%
quire* approxipiateljr $2,485,000.
$
Commission on Aug. 20 so far
the securities and Exchange
by
-
;of« 60,000
Public Utility"Holding Com- 5.
pany Act with,respect to sale by it of common share blocks,of Cplunnbia Gas & Electric Corp. "and United Gas Improvement CO. was re¬
corporation's exemption under the
;_as the unsold portions of ithe shares arc
for
Funds
United Corp. (Del.)—Denied Stock Sale Exemption—
;<
'/i
..
^principal amount of ZVi%' serial notes which have been authorized by
'Athe DPU.—V. 163, p. 1774.: ■- ■
• jj-'jjVf'j j •
.
..
:,Volum$ 164
•"1" * '
'< •
$1
Nuoibei;.: 4519
T"4*:. -I «.
' '
:■■:•:
II' , ■«•■
■/
,
1129
State and
City Depaxtme lit
/ !>;,(•
*
^
//N/i/W;../ '/;v'<••'v'••• ■:•;•• ■ •
■■■"■
+
"•:•< •:
i'i'
.„
,
BOND PROPOSALS AND NEGOTIATIONS
I'
*
1
-^r'}>
"
' •'
■h'4u '* V1'"''v!*"■-.<•
••
,!A<'
■
..
..
State
Treasurer,,' in, the Capitol. p. 871—were awarded to the Citi¬
Building,'at the City of Phoenix,] zens National - Trusty •&.>, Savings
■Ariz.
The approving opinion of' Bank of Riverside, as
2s, as folr
Warrant Call
Jtt is stateid! bjr,
Charles* S; Martin/; Chairman :o£ "Gust,$Rosenfeld, '; Divelbess, Ro- lows:
binette & Linton, 'of Phoenix, will
the ^Board/1 !<jf/" W£^
$600,000'Victor Vtilley Union High
sioners, thai waterworks fcefuiicP be fUrnished." All bids must be
School District bonds at a
ing warrants numbered In to 60, unconditional.
price of ,100.458,' 'a;;basis of
dated Oct. 1, 1940, are being called
about .1.945%!
Due $30,000
Pima County School District (P.O.
for payment on Oct. 1, at 105 %.
from Sept. 1; 1947 to
1966, inTucson), Ariz.
/
,/
of
the
principal amount.
The
Bond
ciusiye., "! '■•
!
/Sale — The semi-annual
principal amount of said ;warrants, bonds aggregating
160,000 Big/ Bear Lake School
$2,100,000, of¬
together with interest due on Oct. fered for sale on Aug. 20—v.
District, bonds at a price of
164,
1, 1946, will be paid on presenta¬ p.
100.256, 'a - basis
of
about
599—were v; awarded
to
the
tion at the Chase National Bank,
Southern Arizona Bank' & Trust /
1.945%.;/ Due $16,000 from
;New York.
Co. of Tucson, as follows:
Sept*1,1, 1947 to 1956, inclu¬
;
■:
27,000 street improvement bonds.
Due on July 1 from 1947 to
1065 incl.
!
; 4
.
..
...
12,000 city hall bonds. Due on
; ri July 1 from 1947 to .1957 inch
10,000 "fire
department / bonds.
Due on July 1 from 1947 to
! i9b6 ,incl.
•
'
■
All of the bonds are* dated July
'
..
i, i,946.
;
:
Bonds
By
William T.
Brooks, State
Treasurer, that sealed proposals
will be received by the State Loan
'Commissioners,
at
his office in
Capitol Building, at the City
of Phoenix, Ariz., on Sept. 4, not
later than 2 p. m., for the pur¬
chase of $61,000 refunding bonds,
the
on
behalf of the above Town.
ierest rate is not to
-
In-
sive.
$1,250,000 High School District No.
1 bonds as Ufa s, at a price of
Dated Sept. 1, 1946;
Interest
100.03,
a
basis
of
about payable M-S. Next best bids were
1.366%.
Due $125,000 from as follows: Bank of America -Na¬
1947 td 1956, inclusive.
tional Trust & Savings Associa¬
850,000 School District No.
1 tion of San Francisco, at a price
bonds as I V4S, at a price of of 101.504 for the
$600,000 bonds
100.01,
A
basis
of
about as 21/2s; while Redfield & Co., and
1.249%. Due/in 1947 to 1954, Thomas Kemp - &
Co;, entered a
inclusive.
joint bid of 100.128 for the $160,Dated Sept;
000 bonds as 2s.
vi£] 1946. Se^phd
best
bid
was
an
submitted
offer
exceed %Vi %, by Phelps; Fenn & Cq
DELAWAR£
Salomon Bros. &
Hutzler, iiUO'lS
1!
.ir
4)00.
Due July 15, as follows: $7,- Henry Dahlberg & Co.,
4)00 in 1947, $8,000 in 1948 to 1953, Commerce Union Bank,
.and $6,000 in 1954.
Nashville,
At the time and place above Provident Savings Bank &
Trust Co., Cincinnati,
indicated, or at a later time, the
State Loan Commissioners will Peters, Writer &
Christensen,
convene at their usual place of
meeting
within
said
Capitol Walter, Woody &
Heimerdinger, and
Building for the purpose of con¬
sidering all bids received for the Sidlo, Simons, Roberts
VJ 6^7-1
& Co., jointly,v)/ ,
purchase of said bonds and to take
payable J-J.
.
Denomination $1,-
New
paid.
No bid for the
purchase of
of less than
thereof will be con¬
sidered and all bids must be ac¬
companied
by a certified or
•cashier's check drawn on a bank
•doing business in the State of
Arizona, in an amount equal to
5 % of the total par value of said
bonds, said check to be drawn
payable to the order of the State
treasurer. Delivery of the bonds
shall be made at the office of the
State Treasurer, in the Capitol
Building, at the City of Phoenix,
For
was
(Net interest cost 1.3959%.)
the
&
$850,0004-^—-—-400.00
an
Co.,
Marion Sch.
Dist
bid of 100.72 for iy4s.
legality
by
Trauernicht of St.
Charles
Louis.
has approved
facilities
&
bonds for expenditures of
Nov. 1, 1945.
mated
CALIFORNIA
Kern County School Districts
a light and water
improvement program
involving the issuance of
Dated
improvement
program,
Will
14
be
$300,000
revenue
an
esti¬
$1,107,000.
Fireproof
Fire
Station
200,000 Storage Garage.
1,700,000 New Libraries*
1,000,000 Trunk Sewers.
600,000 Auditorium.
Bonds
Purchased —In
.
•
-
bridge construction bonds.
Thesjr
bonds will be sold subject to the
outcome of an election to be held
Nov.
on
5, and will be
awarded
the bidder offering the,lowest
rate of interest.
to
INDIANA
'
Bedford, tad.
Sale
^
The
$20,000 fire
equipment bonds offered for sale
—
Aug. -16—v.
on
Co.
of
164
757—were
Indianapolis, according
to
Margaret
F.
Clerk-Treasurer.
1946.
p.
Raffensperger,-Hughes
Due
on
City
Aug. 1„
JohnfcoiL
Dated
Jan. 1 and July lv
from July 1,1947 to Jan. 1, 1957Interest payable J-J.
Indianapolis, Ind.
$295,000 police
Bond Sale—The
and fire
department equipment
bonds offered for sale on Aug. 20
County (P. O. Atlanta), Ga. —v. 164, p. 737—were awarded
Bonds Voted—At the Adg. 14
jointly to the First National Bank
election the voters authorized the
of Chicago, and the Fletcher Trust
issuance of the following bonds Co. of
Indianapolis,. as lV4s, at a
aggregating $20,000,000, and rep¬ price of
100.538, a basis of about
resenting the county's share of a 1.19%. Dated June
1, 1946. Due
$40,400,000 improvement program on Jan. and July
1, from July j*
to be undertaken in conj unction
1947 to Jan. 1, 1968.
Interest pay¬
with the City of Atlanta:
able J-J.
Second best bid was
500,000 Parks and Playgrounds.
Fulton
an
offer of 100.459 for lV4s, ten-
'
dered
jointly by Halsey, Stuart &
Centers.
Co., and the City Securities Corp.
2,000,000 Trunk Sewers and Sew¬ of Indianapolis.
Disposal Necessities.
erage
1,000,000 Community Neighbor¬
hood County Parks.
250,000 Police and Fire Station.
Marion
County (P. O*; M
Indianapolis), Ind.
■>
Bond Offering—Sealed bids will
be received until 10 a.m.
(CST),
Sept. 6, by Ralph F. Moore»
County Auditor, for the purchase
Aviation.
of the following bonds aggregat¬
13,500,000 Metropolitan Highway
ing $398,000:
W
and Traffic
250,000 Garbage Disposal.
1,000,000 Auxiliary Airports and
on
/
$242,000
HAWAII
ILLINOIS
,
,
Clerk of the Board of Supervisors,
the
purchase
of
$400,000
for
&
Bakersfield), Calif.
tion, with the call for tenders on
Honolulu (City and County),
Bond Sales—The $100,000 TehaAug. 12, of refunding bonds, it is /'//':
Hawaii
Ariz.
The ''approving opinion of chapi Valley Union High School
stated by. A. V. Hancock,,;;
Bonds; Awarded—The $1,000,000
City
District bonds offered for sale on
"Gust,i Rosenfeld, . Djvelbess, RoClerk and Manager, that the
city 1%% coupon Board of Water Sup¬
19—Vi
164, p. 999^-were
binette & Linton, of Phoenix, will Aug.
purchased $4,000 bonds at $70.00 ply revenue bonds offered for sale
awarded to the Bank of America
be furnished.
All bids must be
and interest;
on Aug. 15—v.
National Trust & Savings Asso¬
164, p. 736-rwere
"unconditional.
formally awarded to the syndi¬
ciation of San Francisco, as 1.15s,
St. Petersburg Port Authority
cate composed of the First Boston
PJavajo County (P. O. Holhrook), at a price of 100.022, a basis of
(P. O. St. Petersburg),
Ariz.
Corp., the Lee Higginson Corp. of
about 1.14%.
Dated July 22, 1946.
Florida
Bond Offering—It is reported Due
Certificate Sale—The $600,000 New York, Whiting, Weeks &
$20,000 from 1947 to 1951, in¬
by William T.
Brooks, State clusive. Second best bid was an Ferry Revenue Certificates, sec¬ Stubbs, and F; Brittain Kennedy
Treasurer, that sealed proposals offer of 100.041 for 1 V^s, tendered ond series, offered Aug. 15—v. & Co., both of Boston, on its bid
of ,100.811, a basis of about 1.70.
will be received by the State Loan by the Security First National
164, p. 736—were awarded to a
Dated Aug. 15, 1946.
Commissioners, at his office in the Rank of Los Angeles.
Due $40,000
syndicate, composed of Shields &
The
•Capitol Building, at the City of
$5,000 Randsburg School Co., of New York, John Nuveen from Aug. 15, 1951 to 1975, incl.
Phoenix, Ariz., on Sept. 4, not District bonds offered for sale qt & Co., Chicago, B. J. Van Ingen
Note—No bids were received in
later than 2 p.m., for the purchase the same time-r-v. 164, p. 999— &
Co., Allen & Co., Cohu & Tor- Hawaii for the issue, and the only
of $107,000 refunding bonds, on were awarded to C. N. White &
rey, all of New York, Sullivan, other tender made in New York
behalf of the above county.
In¬ Co. of Oakland, as 3s, at a price Nelson &
Goss, of West Palm was an offer of 100.399 on behalf
terest rate is not to exceed 2%%, of 100.12, a basis of about 2.955%.
Beach, Leedy, Wheeler & Co., of of C. J. Devine & Co., and the
"payable J-J.
Denomination $1,- Dated July 22, 1946. Due $1,000 Orlando, Clyde C. Pierce Corp., Bank of Hawaii.
<)00.
Due on July 15 as follows: in 1947 to 1951, inclusive. Runner- of
Jacksonville, and Robert Haw¬
<
r
,
is|reported that sealed • bids will
be received until Sept. 10 by
thf
and Traffic System.
connec¬
#7,000 in 1947 to 1949, $8,000 in up in the bidding was an offer of kins & ,Co„; of Boston, at a price
1950 to 1954, $9,000 in 1955 to 100.06 for 3s, Submitted by the of
par, a net interest cost of about
Bank of; America National Trust
1958, and $10,000 in 1959,
1.773%, as follows:
For $300,000
At the time and. place above &
Savings Association of San maturing June
1, $40,000 in 1947
"
Indicated, or at a later time, the Francisco;
to 1950, $70,000 in 1951 and
1952,
State Loan Commissioners will
as
iy*s, and $300,000 maturing
Metropolitan Water District of
convene at their usual place of
June 1, $50,000 in 1953 to
Southern California
1955,
meeting
within
said
Capitol
Special (Circular Available -4 and $150,000 in 1956, as 2s. Only
"Building for the purpose of con¬
Heller, Bruce & Co., investment one bid was submitted for^;the is*
sidering all bids received for the firm of San Francisco and New
purchase of said bonds and to take York, have
prepared a special
GEORGIA
;such action thereon as may/be circular in
which they discuss the
deemed advisable.
All bids must
Americus, Ga.
debt of the Metropolitan Water
Bond Sale—The $150,000 1%%
state the rate of interest to. be
District
of
Southern
California
bonds offered Aug. 15—v.
paid. No bid for the purchase of and the Districts'
164, p.
proposed an¬
.said bonds at a price of less than nexation of the San Diego areas. 736—were awarded to J. H. Hilsman & Co., of Atlanta.
"the par value thereof will be con¬
Sale con¬
Of more importance, it examines
sisted of:sidered and all bids must be ac¬ the annexation
%
*
plan and its prob¬
companied
by a
certified or able financial effect on the Dis¬ $50,000 public school bonds. Due
cashier's check drawn on a bank
on
July 1 from 1947 to 1966
trict and on the territories pro¬
doing business in the State of Ari¬ posed to be annexed.
%: incl. .;
I'M
zona, in an amount equal to 5%
28,000 water works bonds.
Due
of the total par value of said San Bernardino County Sch. Dists.\ i \' on July 1 from 1947 to 1966
(P. O. San Bernardino), Calif.
incl. ;■;■/;;■>
bonds, said check to be drawn
Bond Sale—The coupon school
payable to the order of the State
23,000 sewage system bonds. Due
bonds aggregating $760,000, of¬
on July 1
Treasurer.
Delivery of the bonds
from 1947 to 1963
shall be made at the office of the fered for sale on Aug. 19—v. 164,
incl. v//
.1
Pre-Election. Bond Offering—It
;,
awarded to
3,000,000 Municipal Airport De¬
velopment and .''.Extension';.:".:
9,000,000 Public School Improve¬
ment Program.
4,100,000 Metropolitan Highway
l
(P. ,Q.5
.Morrison), III.
^' v
?
bonds
'!
July 29.
on
of
Safety Harbor, Fla.
•
sold
system
sewer
Whiteside- County
c,
borne
and Signal System Building.
'
and
Bond
System;.
(P. O,
Aug.
by Fulton County ;
reported that the City Commis¬
sion, acting on a recommendation
by City Manager Charles Larsen,
reported that $20,000 2% construc¬
tion bonds i have been approved
the
$1,500,000 Court House Annex.
500,000 Health and Community
Lakeland, Fla•
Marion), Ark.
to
Farmers
Bond Program Approved—It is
fPv O.
Bond Legality Approved—It is
as
the
of
FLORIDA
ARKANSAS
/the par value
to
State
999
offer of Francis I. DuPont
a
(Net interest cost 1.3246%.)
said bonds at a price
*
awarded
of
p.
Delaware,
as 1^4s, at a price of
100.74, a basis
of about 1.175%. Dated Sept. 1,
1946.
Due $5,000 from Sept. 1,
1948 to 1966, inclusive:
Interest
payable M-S.
Second best bid
$1,250,000-rL1^—..--400.00
For
Aug. 20—v. 164
on
—were
Bank
v
..
County (P. Q.
Wilmington), Del.
for sale
•
action thereon as may be
•deemed advisable.
All bids must
state the rate of interest to be
Castle
Bond Sale—The $95,000 subur¬
ban improvement bonds offered
j
such
joint
which $20,000,000
"
.
Voted—At
election,,the voters authorized the
issuance of the following bonds,
aggregating $20,400,000, and rep¬
resenting the city's share of a
.
ARIZONA
;
fAtlanta, Ga.
"
.
Holbfook, Ariz.
Bond Offering—It is reported
were
,
,
.
water
<*>
-.
—r—
...
ALABAMA
:
■
•
1
i•
v
>.
' *
■
->iV
'-■*/%:/?/; //:/'. •/•/
■>'Z
Alta Cons. Sch. Dist. No. 303
(P.O. Aha), III.
Bonds Voted—At
tion the voters:
a
are
recent elec¬
said to have
voting
Due
15
as
machine bonds.
follows: $6,000 on June.
and
Dec.
15, in 1947 to
June and Dec.
1965, $7,000
1^; 3,966.
j,yoo.
^
on
'
156,000, track
Due
15
,
'
.
; 1
<
elevation
1
bonds.
follows: $4,000 on June
and Dec. 15, in 1947 to
as
1965, and $2,000 on June 15,
1966.
Dated Sept. 16,1946.
name
Bidders to
the rate of interest, not. to;
exceed
5%,
payable
J-D.
IOWA
Cedar Rapids,
Bond
is '■
:
Iowa
Offering—It is stated by
Walter E.
Miller, City Treasurer,
that he will receive both
sealed
and open
bids until Aug. 26, at Id
a.m., for the purchase of $100,0Q0Liberty Memorial bonds.
Dated.
Aug. 1, 1946. Due Nov. 1, as fol¬
lows: $3,000 in 1951, $1,000 ik
1952, $8,000 in 1953 to 1956, $7,00»
in 1957 to 1965, and $1,000 in 1966.
Bidders should specify the rate of
interest, but no award will be
made
on
any
bid of less than par
approved the issuance of the fol¬
and
lowing bonds: $4,000 site pur¬
chase, and $100,000 construction
things being equal preference will
be given to the bid of par and
accrued interest or better which
specifies the lowest interest rate.
bonds.
Car bondale Grade and High
Sch. Dists. (P. O.
Car bondale), III.
Bond
Issuance
Pending — The
Boards of Educations of the above
districts are said to have passed
resolutions
calling for the issu¬
ance of $700,000 bonds to improve
school facilities.
■
*
City
Clerk
thpt $50,000 funding
purchased on Aug. 14
by the National Bank of Rochelle.
were
Spring Valley, III.
Bonds Sold
the
City
—
It is
Clerk
.
/
reported by
that
interest.
All
$350,000
other
,
Principal and, interest payable at ;
the
City Treasurer's office.
The
approving opinion of Chapman &
Cutler, of Chicago, will be fur¬
nished.
Enclose
a
certified check. ;
for 2% of the bonds bid for.
Guthrie
Guthrie
County (P. O.
Center), Iowa
Bond Sale—The $100,000
Rochelle, III.
Bonds Sold—It is stated by the
bonds
accrued
hospi¬
tal bonds offered for sale at pub¬
lic auction on Aug. 19—v. 164, p.
1000—were awarded to the Guth¬
rie
County State Bank of Guthrie
Center, as lV4s, at a price of
100.55, a basis of about 1.12%.
Dated Aug: 1, 1946./ Due on Nov.,
i in 1947 to 1961; optional on Aug.
1130
-.1,
THE CO M MERC1A1/ & FIN ANCIAt/ CHRONICLE
1951.
Runner-up was Halsey,
Stuart & Co., offering 100.017 for
l%s.
!
Canton, Mass.
/y.v-y
Note
Sale—The
offered
Washington Indep. Sch. District
(P. O. Washington), Iowa
Aug.
awarded
—were
Aug.: 13
—v, 164,
awarded to Paine,
t
,
$75,300
notes
164,
1000
15—v.
p.
son
be
held
voters
about 0.992%.
Aug. 27 to have the
on
election will
$47,000 street
pass
on
-
an
issuance
the
$190,000 • construction
purchase bonds*
/
and
'
of
resurfacing bonds
Aug. 19 but
fered
on
received
until
1946.
bids
7:30
Due
were
p.m.
on
Aug* 15 from 1947 to
issue
Other
is; dated
Aug. 15,
bids, also for PAs,
follows:
as
*
Bidder
Sept. 3 by the Town Clerk, for
the'.purchase of the said bonds.
Day Trust Co.; Boston..-.1..100.733
Dated
Second National
on
Aug. 1, 1946. " Due $500
from Aug. 1, 1947 to 1964.
Prin¬
cipal and interest (F-A) payable
;
Curtis
Offering —It is reported
bids
will
be
^->^-^410651
received
———^——^—100.460
Z.faMAk* i%-$*J
;**-
|
until
Election—At
*V
the"
.
Minn,
received
Aug.
27, by Edgar R. Anderson, Town
road
and
'
;• *
<
Salem, Mass.
payable F-A.
000.
until
bridge: bonds.
A
Denominatk»r;$li-
Interest to be in^
Sept. 2,
Luc'edale, Miss. ■'
Rate of
.
'.»
(
V
..
the First National Bank of
paid tolls to July 31 last.
as
Madison County (P. O. Richmond),
Is, at
a
price of 100.27, a
of about 0.945%:
of St.
Paul, as l%s, at a price of
basis 100.106, a basis of about 1.485%.
Dated July 1, 1946.
Due on July
Boston,
Kentucky; '• Z-1' /'//
1 in 1948 td 1961/
Interest pay¬
X
Bond Offering—Sealed bidia will $100,000 water bonds* Due $10,000
able J-J..
from April
Second best bid was
will be received until /11 a.m. on
1, 1947 to 1956,
offer by E. J. Prescott & Co., of
inclusive. :
Sept. 3, by J.'B. Arnett, County
100.40 for 1.60% bonds.
Court Clerk, for the purchase of | 60Oj)OO0 trunk * sevi^er bonds.: Due
$50,000* from July 1, 1947 to
$218,000 coupon school building
Hastings Spec. Sch. Dist. No. 28
1956, inclusive.
refunding bonds;
Denomination
(P. O. Hastings), Minn*
100,000 trunk sewer bonds. Due
Bond Sale—The $300,000 build¬
$1,000. Dated Sept. 15, 1946. Due
$10,000 from July 1, 1947 to
on March 15 as follows: $20,000 in
ing bonds offered for sale; M Aug;
1948 to 1950, $21,000 in 1951 and
1956, inclusive.
,
16—.y. 164, p. 873--~were awarded
910,000 sewerage bonds. Due $19,- to a
1952, $22,000 in 1953 to 1955, $23,- *
syndicate composed of the
000 from July I, 1947 to
000 in 1956, $15,000 in 1957, and
1956, Northwestern^^ -National
Bank;
inclusive.
$12,000 in i958. Bonds maturing
Piper, J affray & Hopwood/JL, M.
Water bonds dated April
March 15, 1947 to 1954, will bear
1, Dainc& Co.," the Allison-Williams
interest at 1%%, and bonds ma¬ 1946; the other issues dated
July Co., all of Minneapolis, and the
turing March; 15, 1955 to 1958, at I #v
Interest payable/semt- Hastings National Bank, of Hast¬
1
Said bonds will be sub¬ annually.
Other bids were re¬ ings, as 1.40s, at a price of 100.67,
ject J to
a basis of about
redemption , prior
to ported as. follows:
13>Z%<
Dated
,
in
part
order
whole
a
their inverse
oil March
15,
in
or
1948,
or
For 1% Bonds
:
numerical
interest payment date
any
pro¬
cedure/: tlid ;Goveamoy;ial<^;v^i
upheld by ; the State Supremo
Court in a case
involving a sim¬
ilar / law
v«*
*
,
as
counties, extending to their coun¬
ty courts the right to issue notes
as much as
90% of their an¬
ticipated .auhtiar revenue.
The
maximum interest* rate would be>
6%. Constitutionality of the
Bonds^ Soid^Itrisatated by M. Ll
inu^ples of % Malone, Tpwn. Clerk, that
$75,000
.
stated maturities
third class and the 32 fourth
class
for
;
Bond Sale—The $50,000 coupon or one-tenth of 1%, and must be
Aug. 31,5 by the' District Clerk, for
industrial plant bonds" have been
.water bonds offered for sale on the same for all 'Tof;.the bonds;
purchase Of $600,000 school
purchased byithe T, W. Woddward
Aug..f 20—-v. 164, p. lOOO^Were Principal and interestpayable at
bonds/;
Co./pf Jackson, as 144^,* payable
awarded to Lyons & Shafto of
any suitable, bank or -trust^^ com¬
J-J./ Denomination $1,000. Dated
A:'- • KENTUCKY
Boston, as 1^4$, at a - price of pany designated by the purchaser.
/
'u'1
At." yfi&C
101.15, a basis of about 1.08%. The approving opinion of Dorsey; July; 2,; 1946. ; Due $3,000 from
July 2,. 1947 to 1971, inclusive.
Kentucky (State of)
Dated Aug. 1, 1946.
Due on Aug. Colman, Barkerr Scott & Barber,
// Remove
Tolls On " Livermore 1 in
Principal and interest -payable at
[1047 to 1961, inclusive.
In¬ of Minneapolis, will be furnished.
the Bank of Lucedale/ •
Bridge —-J. • Stephen
Watkins, terest payable F-A.
/ /
Runner-up Enclose a certified check for $820,
Commissioner of the Highway De¬
in the
bidding was Tyler & Co., payable to the Town Treasurer.
Mississippi (State oF),' " f
partment, has announced that the
offering 100.859 for 1% % bonds.
Bond Offering—rSealed bids will
Livermore Bridge, spanning the
Compton (P. O. Wadena, R. R.
be received until 10 a.m. on
Green and Rough Rivers in Mc¬
Sept.
No* t)t Minn.
Worcester, Mass.
Bond Sale—The
Lean
Bond Sale—The $15,000 coupon 11, by Greek L. Rice, Secretary of
County; will become toll
following cou¬
the State Bond
free on*Aug/3; 1946; The bridge pon bonds aggregating
Commission, for
$1,610,000, road and bridge bonds offered for
the purchase of $5,000,000 coupon
was opened on NOV* 30, 1940, and offered
for sale on>.
Aug; 21— sale on Aug. 19—v. 164, p. 1000—
v. 164, p. lOOO^were
approximately
600,000
vehicles
awarded to were awarded to Kalman & Co. highway^ Eleventh Serlds bonds.
*"•
signed a bill to give Missouri's
third and fourth class counties
the
to
issue
tax
anticipation
notes. The bill applies to the 77
Inter¬ right
the
V»
National
there¬
after at
101.75, and accrued inter¬
upon 20 days' prior notice. The
Due on Aug* 1 in
1949 to
City Bank,
New York,
First National
on
Aug. 1, 1946.
1966; optional on and after
Aug. 1,1961. Second best bid was
an offer of 100.169 for
$600,000 as
Bank,
Chicago,
Missouri (State of)
Counties ;lMtay Issue .Tax Notes /
,
Dated Aug.
1, as
1955, and $6,000 in 1956.
Is, $75,000 as l%s, and the re¬
maining $165,000 as l^s, submit¬
ted by the Harris Trust & Sav¬
ings Bank, Chicago.
affecting
;
Buchannan
County.1
St. Louis,
MeCf--t-AA •■
Bond Call—It is stated
by Louis
.
Nolte,;
City
public
1%%
/Comptrolletv /that
buildings and im*
refunding bonds, Nos.
1297, to the/amount/Of
provement
751
tuv
$547,000,
on
Oct.
called
are
I, and
for
payment
part of
are
orig¬
an
4%,
inal issue of $1,396,000
authorized
by ordinance No. 41852 of the
City,
Denomination $1,-
20/ •1940/^Dated
Interest rate is not to exceed
payable F-A.
000.
!
"■
—Governor,.Phil M. Donnelly has
1946.
Denomination $500. These
bonds are'due' Sept. 2 in 1947 to
1,1946. Due Aug;
$5,OOOan 4049
offered
MISSOURI
the Holmes County Bank & Trust
Dated
pierk/ /
' ' 'l
c Bonds
Voted—-At ^recent electioncthe voters approved an issue"':
of $100,000 industrial
plant bonds:
$75,000 schoo1
bonds offered for sale on Aug. 19
—v. 164, p. 1001—were awarded to
payable M-S.
••
A certified
the
Tylerstovon? Miss.
,
„
certified check fof 2% of saidT is¬
sue is required with bid.
est
,
must accompany the bid/
Boardof^^Supeir^sor^for^the
from 1 to 25 years after date.
bonds,
revenue
check iot Z%
Bond' Sale—The
,.
Bond Offering—-Sealed bids will
coupon
works
Cdn^AFalls), Lexington Separate Sch. Dist., Miss.
c
-
Interest payable J-D.
jforth^ptdchase of $48380-Water;
purchase of $5^000< school bonds;
Denomination $200.1 Due $200 in
';
;
be
3s * at par.
Dated
Due on June 20,
3, by W..R. Net ties,- Town
'M
,
Sept; 80 * the voters will con¬
sider an issue of $100,000 hospital
Cdnoti Falls (P. O.
will
pur¬
^
Offering—It is reported
bids
were
Peoples Bank p£
be received Until 8 p.m. on
Sept.
Sepf. 2, by Byrph Long, Clerk of
on
bonds.
Miss*
■
Bond
bonds
Tishomingo, Miss.
;/Bohd Offerings-sealed bids will"
rt"*..: A- •*"
^/■Sch^Dist^:(A;O. Tupela)AA
election
art
*
,
'»
Interest rate^^ i$ hot to
Laidlaw & Co, ^—^..—100.389
Robert Hawkins & Co
100.29
*
-
Bond
.''
that
Benson, Minn.'
1955.
MISSISSIPPI
-
■
-SJ-'
MINNESOTA
1,
/[Lee County, Mooreville Cone.: X-
£larfc, for the piifchase of $41,000 Coi/df Leklngtoh;a» 1.60s;
Paine, Webber, Jackson &•
Dodge City Sch, Dist. (P. O.
Dodge City), Kah.
Bond
^.——^^—^^100.60
Boston
was
$8,000 funding
by the
Mendenhall, as
June. 20; 1946.
chased
Dated July 1,
Due
$1,000 from July
1947 ta 1956, inclusive.-
The'
the First* of
be received until 1:30 p.m. on
Bank,V
Merchants National Bank,
KANSAS
that
Price Bid
,
Boston
i
at the Town Treasurer's office*.
•
highest bidder
Michigan Corp.
housing notes.
1951 inclusive.
Each
Reoffered—Sealed
be
veterans
Due
x
-'v:'";
Bonds
will
10,000
not
were
sold.
notes.
;
1946.
Dehdinination $1,000.
Aug. 15 from 1947 to-1951
inclusive: -
of¬
were
1
;;
%
Dated Aug.
notes.
from. 1947
on
A
Bonds Not Sold—It is stated by
;
the Town Clerk that $9,000 2%
street
construction
18,300 water; mains
.
17,000 certificates of indebtedhess* as Is# Due June lj 1947.
T
Sale consisted! of:
Aug.
on
and bridge bonds.
refunding bonds, as Is.
Due June 1, in 1947 to 1951.
Dated Aug^ 1, 1946; ;
to
15
to 1956 inclusive
site
..
Woodbine, Iowa
,
Due
p. 873 —were 23; by. the Town Clerk,, for the
Webber, Jack¬ purchase of $10,000 coupon road
& Curtis, of Detroit:
$128,000
Whiting,
Bond Election—It is stated by Weeks &
Stubbs, of Boston, as lSj
the Secretary of the Board of Dis¬ at a price of
100.032, a basis of
trict Directors that
Monday# August 26, 1946.
■.Ac
MASSACHUSETTS
Dated Aug. 1,
1946.
Due
as
follows: $375,000 on Aug. 1,
1964,
and on Feb. and Aug. 1 in 1965 to
approved June
Oct.
1,
lows:
1940.
Due
Oct.
$100,000 in 1952
1
as
and
.
fol¬
1953,
$200,000 in 1954 and
;$147,000 in
1955.
>
x
1967, $375,000 Feb. 1 and Aug. 1,
Said bonds should be
1968 and $400,000 Feb. and
presented
Aug. 1,
for
payment
at
the
1969 and 1970. Registerable as to
Guaranty,
Trust Co., New York
City.
principal only. Principal and in¬
tiSy
terest ceases on date called.1
terest payable at the State Treas¬
^
,
lr
14
,4
,
-
t
urer's office
or
at the National City
Bidders for
Bank of New York.
said bonds shall
specify the rate
or
rates of interest such bonds are to
bear#
Aug.
payable? semi-annually? on
1
and
Feb.
1
of each year.
,
.
MONTANA
Lewis and Clark
No» 1
County Sch.
Dint.
(P. O. Helena), Mont* / W
Bond Sale —The
$112,000 site "
bonds offered for sale on
Aug. 15?
/-v* 164, p/601-/*were^awarded to?
Piper, Jaffray & Hopwood of;
Minneapolis, as 1 V2sf at a price of
101.428,; according vtd" J;;P. ;McZ
No bid of
annum, or require more than one
coupon
for each semi-annual in¬
terest payment date.
less than par and accrued interest,
or not in
conformity^^ with the nO'*
tice; of sale; will be
considered.
The bonds will be awarded to the
bidder
which
Reifying interest
result
in
the
Bride,
District
Clerk.
Next
best
bid
was an offer
by J. M. Dain
Co., of 101.071 for ti/2% bonds.
Dated June V, 1946. Interest pay-,
/
&
able J-D.
rates
lowest in¬
;.Lk
Montana State
College (P. O.
Kidder, Peabody & Co., and
terest cost to the State, taking in¬
Bozeman), Mont,
" !
County will furnish without cost Stone & Webster Securities
Bonds Sold—it is reported
to consideration as a deduction
by
to the purchaser, the approving
/ Corp., iointly-./-,^^^^IO0.170
from total interest cost to the ab¬ Treasurer B. Copping that
$500,legal opinion of Grafton & Graf¬ Bankers Trust Co.,
Lake George (P. O. Erosa), Minn* solute maturity of the bonds the 000 Men's Dormitory Construction
ton, of Louisville. The purchaser
New York, and
bonds have been sold;//;;/
Bond Sale—The $20,000 road premium bid, if any.
will not be required to accept de¬ Harris Trust
1
& Savings
JThe approving opinion of Chap¬
bohds^ Offered fo^sdle oh Aug. 13
*
livery and make payment unless
Bank, Chicago, jointly—.100.099
man & CutleA of Chicago, to the
—v. 164 p. 738—were awarded td
at the time of the delivery the
.Bond Sale—The $40,000 water
Guaranty Trust Co.,
the Stearns Cotmty State Bank of effect that • such bonds are valid
above attorneys are able to state
New York,
supply bonds offered for sale On,
and legally bidding; obligations of
that in their opinion the bonds
Albany, as l^s, at a price of 100.Aug. 19—v. 164, p. 873—were pur- ;
Mercantile-Commerce Bank
and interest thereon are exempt
105, a basis of about 1.23%. Dated the State payable solely as afore¬ Chased
by ; the Security ~ State
& Trust Co.; Si Louis,
said, will be delivered to the pur¬ Bank of
from Federal and State ad valorem Laidlaw &
Aug.- I, 1946.- Due $2,000 from
Co.,
Plentywood, ,aa 1
ae»:
chaser without charge. Said bonds
and income taxation under stat¬ W. E. Hutton
Aug; 1,1949 to 1958, inclusive. In¬
cording to. Mayor G. E> Fulkersom
&?Coi, and
terest payable Fr-A. t Runner-up. will be issued and sold pursuant
utes, regulations; and administra¬ .Weeden 8r$■:- ■ sm
Coy jointlyv.^,100.059 Id the
tive rulings.
Enclose a certified First Boston Corp,,
bidding was E; J* Prescott to* Chapter 186, Laws, of Missis¬
& Co., offering 100.035 for 1.30%
sippi,
check for $5,000.
1946,
and
a
resolution
Lazard FrereS & Co., and
Fair bury Sch, Dist.
(P+O*
adopted; by the State Bond Com¬
Blair & Co,, Inc., jointly—-100.051 bonds.
J [tl;Fairbaty),: Neb. U/ ^
LOUISIANA
mission, reference to which is
Nashwauk, Minn.
■vfr.'V"f-^: "f v ;/">
^
; Bond Offering
Fending — Al¬
Bonds Voted—At the Aug. 6 made for a more detailed descrip¬
MICHIGAN
;i
Rapides Parish, Forest Hill
though no definite offering date.
election the following bond issue tion thereof. Enclose a certified has been
Sch.Dist.Ko. IS (P.O.
Ithaca, Emerson, Arcada, North
scheduled as yet the
proposals were approved: $37,000 check for 2% of the bonds bid for, Board of.
Star and Newark
Alexandria), La.A-A-i
Education is said to have
Townships
sewer system and
Bond Sale—The $45,000 semi¬
Fractional School District
$20,000 water payable to the State Treasurer.
decided to issue $285,000 construc¬
est
.
,
>.
,
I:NEBRAik/|;||l||P
.
■
-
,
annual
sale
on
were
sechool bonds
-
offered for
Aug. 14—v. 164, p. 600
awarded
to
the
No. t (P. O. IthaCa), Mich.
Bond Sale—The
$25,000 limied tax bonds offered for
sale on
■
supply.
r
Sleepy Eye, Minn.
Bond Sale—The $20,000 munic¬
Guaranty
Bank & Trust Co. of Alexandria, Aug. "• 12—v.
164, 'p. 873—were ipal airport bonda offered for sale
as
lV2s, at a price of 100.222, a awarded to the Commercial Na¬ at auction on Aug. 6—v. 164 p.
basis of about 1.45%.
Dated Oct. tional
Bank, of Ithaca.
Dated 600—^were purchased by the First
15, 1946; Due $5,000 from Oct. 15, Aug. 1, 1946. Denomination $1,- National Bank, '. and the v State
1947 to
1955, inclusive;
Second 000. These bonds are due on Aug. Bank, both of Sleepy Eye, jointly,
best bid was an offer by Barrow, 1, as follows: $8,000 in 1947 and as VAs, at
par.
No other bid was
Leary & Co., of 100.113 for V/2s. 1948, and $9,000 in 1949. The next received, according to the City
highest bidder was Paine, Web¬ Recorder. Dated Oct. 1, 1946. Due
MAINE
;
V
ster, Jackson & Curtis.
f•• $4,000 from Oct/1, 1947 to 1951,
,
Falmouth
Sch. Diet.
(P. O.
Portland), Me.
Bond Issue
of
$120,000
sehool
construction
proposed!
■
-
that bids wili<be received until
Sept. 2, at 10 a.m. by O. Buchanan,
Clerk of the* Board of
Supervisors,
for the purchase of the following
school bonds aggregating $45,000:
$25,000
Brandon
Construction
School District, and $20,000 Steen's
Creek Construction School Dis¬
^
trict bonds.
1
•
Interest payable A-O.
County (P. O.
Simpson County Supervisors Dist.
Union (P. O. Caledonia, R. F.
Clemens), Mich '
No. 3 (P. O. Mendenhalt),'
D.)>
Sale—The following bonds >•;/3;./ Minn.
Miss, i
[-v\.
Mt.
Proposed—Issuance
bonds has been
inclusive.
Macomb
.L County Sch. Dists. (P. O. tion bonds.
^
Brandon), Miss.
Gordon Sch.. Dist* (P.; 0*
Gerdtm)^ '
Bond; Offering—It is reported
Neb. '
^
Rankin
...
.
Bond
and
certificates
amounting
$145,000 and offered for sale
to
on
Bond Offering—Sealed bids will
be received until 2 p. m. on
Aug.
A Bonds
Sold—It is stated by W.
E,> Jones,
Chancery
Clerk,
Bonds Sold-It is stated by the:
Secretary of the Board of Educa¬
tion
that / $20,000 / construction
bonds
were
awarded
Bank^ and the /
Gordon State Bank, both of Gordon, jointly, as l%s, at par. Due '/
in
10
years,
optional
iJ 1
t
.
i
■
<
L
is
f
i "if
after, five '
years. •;
-*
Wymore, Neb. /;/'//;
Bond Election
on
Sept.
sider
an
10
At
—
an
the voters
of
issue
that ming pool bonds,
J'/fi
{
recently to
the First National
•
j
:
•••: /
election
will
con¬
$15,000 swim¬
/.•[-/•"v;/ .•/
»:'•
/
r.
p
■■
■; v
'
i "' '"14
1
-
*
t.-
.
? *-V<L
/,? ./.- .-4 *.*, rr
,
Volum/164;/Number~4519*//^*^^7^'^
,
\ i. *4
}■
NEW HAMPSHIRE^
:■J■
i
U
1eqtiippin£
jh,«
period:
RipleyJ: N.- Y.
...
r»
1131
..t'-AJ.-il
r
NORTH DAKOTA
s*k
:
'< hl^N^
Proposed Bond Isme-The dis-
trict may decide to
construction bonds.
issufe-$150,000
of, jprobable usefulnesa /of which
Bond Offering—Sealed
be received until 2 p.m.
f20/^ Th,e aRp^,vi'Igt?piP-
bids will
(DST),
on
ionofVandewater; Sykes & Heck
Aug. 30, by Clarence A. Patterson,
le^: of New. York, will be .fur¬
nished ; to. the purchaser without
Town
inn nf Vand'>wa,pr! Svkps * H«**-
Supervisor, for the pur¬
chase of $16,000 coupon or regis¬
cost. Enclose a certified eheefcrfor, tered road bonds.
Meredith^ N.H, '
Interest rate is
BondSale^AnVlssueof-$33,000i $930, payable to the ^Di^rict; >p ^ > not to exceed 5%, payable M-S.
*
'V?i
.public Improvement bonds was;
Denom. $500.
Dated Sept. ,1, 1946.
\
Cheektowaga (P. Q. Cheek\
-purchased recently by Kenneth
Due on Sept. 1 as follows: $1,500
towaga), N. Y.
:B. Hill fa Co., - of Boston, as IVz s.i
in 1947 to 1954, and $2,000 in 1955
.Dated May 1,4946 and due $3,000 ^ Bond! !Sale--^nie $6^00 bonds, and 1956.
Rate of interest to be
.on May 1 from 194? to 1957 in¬ offered Aug. 15—v. 164, p, 874—
in a multiple of %• or. one-tenth
clusive. Interest M7N.
were awarded to the Marine Trust Of
1%, and must; be the same for1
all of the bonds. Principal and in¬
Penaccok-Boscawen Water Precinct Co., of Buffalo, as 1.40s, at a price
of 100.156, a basis of about 1.34%. terest
payable at the Marine Trust
(Pi O. Penacook), N.
\
Sale consisted of:
*'
;
Co., of Buffalo.
Said bonds are
Bonds Soldr^An 'issue of $6 000
issued pursuant to the Constitu¬
water works improvement bonds $4,200 Unionvaie road, bonds.: Due
tion and statutes of the State, in¬
on July 1 from 1947 to 4951
was sold recently to F. W. Home
inclusive.
■/v'-v ..'-s
cluding among others the Local
& Cq., ~qf Cortcordj as i^s. Dated
2,200 'Maryvale road bonds/Due Finance Law for construction of
:4uly lj 1946. /Ekie: $1,000 on July
on July 1 from 1947 to ;1951
rpads; the period of probable use;1 from-1947 to 1952 inclusive!. In-?
inclusive.
♦'
*;/ . > f fulness of which is 10 years. The
]terest J-4. Legality approved by
will ;be deii^dred at New
.Each issue- is dated July 1, l946i'Wairren, Wilson * &-* :Wiggin of
secorid high bid of 100.10 for 1.40s York, New York, or at such other
^Manchester.
place as may be agreed with the
was made
by the Manufacturers
Rochester, N. H.
purchaser, about Sept. 10, 1946.
Bond
is & Traders Trust Co., of Buffalo.; The ajpproving opinion of Vande'icOiial
;
h<;"^CvV-\:
Clarkstown and Orangetown
possible that the city may issue
water, Sykes & Heckler, of New
$50,000; equipment bonds. ;
J '
^on»iSeh^^tii,^Nol 8 (P. O.
York, will be furnished. Enclose a
•••''
>
ij?!
■
■
■
•
-
.
.
v
3
A.\~
—
A.
*
•
-
.
>*•
-
Nanuet), N. Y.
Weare„N.H,
•.Bond Saie-^The $14,000 coupon
Sale—An issue' of $8,500
V Bond
bonds." offered for sale on
20 —v. 164, p. 874 — were
way
Aug.
awarded
to
fertifie<J check for $320, payable
to the Town.
the
upon a different rate of interest
than.,'above specified, the bonds
will be awarded to the * highest
bidder offering not less than par
First ' National
Bank,
> of
Minot, as 1.30s, at a
price of 100.037, a basis of about
1.293%.
Interest
payable
J-D.
These
and
accrued
interest, based
the lowest rate of interest
upon
Prin¬
dated
Sept. 1, 1946. De¬ cipal and interest payable at the
nomination $1,000.
Due Dec. 1,
County Treasurer's office.
Said
from 1947 to 1960. The next high¬
bonds are issued for the purpose
are
est bidder
E.
was
Co./ for 1.40s, at
312,
1
''
■
J; 7 Prescott
8t
of
price of 100.-
a
•
•
,
,
•
.
OHIO
providing funds for refunding
certain, callable
■
for
called
be
,
1946.
Of
"
bonds which will
said
bonds
be received
until
noon
(EST),
on
Sept. 13, by the City Auditor, for
the purchase of $250,000 electric
light and power plant' and system
represent
incurred
indebtedness
Bond Offering—Sealed bids will
Oct. 1,
approxi¬
payment
mately $3,089,022.77
Barea, Ohio C,;
,.1.
-
I^ncer>o'ssible-It
•
multiples thereof. Differ¬
be bid, but
split rate.jfeids will not be consid¬
ered.
If bids are received based
or
ent interest rates may
(P. O. Minot),'N. D.
f Bond Sale—The $179,000 high¬
s
„
'
V-.-•
Ward County
1%
r
a
an
prior
to
Jan. 1, 1931, and the remainder of
said bonds represent an indebted¬
incurred
ness
between
3
Jan.
>1,
Jan. 1, 1934.. Coupon,
bonds will be furnished; With the
extension, First Mortgage Rev¬ privilege of registration' by the
enue bonds.
Interest rate is not td owner as to principal only, or con¬
exceed 1%%, payable M-S. Dated vertible
into
fully
registered
Sept. 15, 1946. Denomination $1,- bonds. The proceedings > incident
000. Due Sept. 15, as follows $12,- to
the
proper
authorization of
000 in 1947 to 1956, and $13,000 in these bonds have been, taken un¬
1957; to 1966.
Bonds maturing der the direction of Squire, Sand¬
after Sept. 15,1951, are callable as ers
&
Dempsey,
of Cleveland,
a
whole
or.
in part in the inverse
193L
and
whose
approving opinion will be
Smtthtown, St. James Water
equipm'enr bonds was sold re^- Or.xegistered school bonds offered
order- of their noaturity; On said furnished. / Enclose
a
- certified
cently to F. W.iHOrne *& Co;, 01 for sale on Aug. 19—v. 164 p^lOOl
District (P. O. Smithtown
date or oiv any interest payment check for 1% of the bonds bid for,
Concord,• as,-1 %s.. Dated- June lU—were,awarded to Johp CiClark
date thereafter,
JZrdncWN. Y.
at par and ac¬ payable to the County Treasurer.
Bond Sale—The $315,000 cou¬
1946. 'Due June 1, as: follows: |& Co.^-o£^Newi York;^^as4;20S,^-at a
crued interest plus a premium of
"$1,500 in ; 1947 and $1,000 from { price of 100.174, a basis of about pon or ^registered water works IV2 % of
Lima, Ohio[-:i-:^}'<\;^l''.-/
par if called on or before
Interest 1.155%. Dated Sept;. 1, 1946. Due system bonds offered for sale on
.1948 to 1954 inclusive.
Bond : Sale—The. :$250,000
Me¬
Sept. 15, 1956, and at par plus ac¬
J-D. Legality approved by War- $2^00 from Sept. 1, 1947 to 1953, Aug.
^20—-v. 164, p. 1002—were crued interest if called thereafter. morial Hospital bonds offered for
inclusive. Tilney & Co., offered a awarded to a syndicate composed
ren, T/Vllson & Wiggin 'of Man¬
Rate of interest to be in "mul¬ sale on Aug. 20—v. 164, p. 739—
of C. J. Devine & Co., Francis I.
price of 100.13 for 1^% bonds.
chester.:/
" ■t .-I
•"
were awarded to McDonald & Co;,
tiples of % of 1%. No split rate
of
As, CO-, and Tilney & Co., bids will be received.
Cleveland, and Braun, Bos¬
No bids
Clarkstown, Valley Cottage Fire^
NEW JERSEY
alp of New York, as 1.60s, at a
Dist. (P. Or Valley
for less than par and accrued in¬ worth & Co., Inc., jointly, as 114s,
Cottage), N. Y.
Ocean T wp. (P.'O.Oahhttrst), N. /,
^^-49» a basis of about terest.
at a price of 100.322, a basis of
The proceedings author¬
Bond Offering-7-It • is stated by
1.56%. Dated June 1, 1946. Due
Bonds Authorized—The Town-r
about 1.19%,
Dated July 1, 1946.
izing the ; issuance of said bonds,
Mary Harvilik, District Treasurer, on June 1 in 1947 to
Due $12,000 on April 1, and $13,1985; the last
ship Committee is said, to have
including the Indenture of Mort¬
that the Board of Fire Commis¬
maturing $180,000 bonds to be
000 on Oct/ 1; in 1947 to 1956, in¬
passed oil final reading an ordigage, ^11 be preparedby Peck,
sioners lyill receive sealed bids
optional on or after June 1, 1965.
nance calling for the issuance of
Interest payable A-O.
Shaffer and Williams, of Cincin¬ clusive.
until 2 p.m. (DST), on Aug. 26,
The nmner-up bid was a joint
The next highest bidder was Hal$100,000 road; improvement and
nati; whose opinion approving the
for the purchase of $6,500-coupon
offer by the Marine Trust Co. of
drain construction bonds.
sey, Stuart & Co.; offering 100 :
®
.
,
^
'
-
or
Orange, N, J.
.
registered fire apparatus bonds.
Interest rate is not to exceed :5.%:,
$32,000 coupon payable F-A; Denomination $!,or registered general improvement
300. To be dated oh or about Aug,
bonds offered for sale on Aug. 20 30, 1946/ Due $1,300 on Aug. 30
Bond Sa)e—The
•
164, p. 873—were awarded to in 1947 ta 1951> inclusive. A certi¬
MacBride, Miller & Co, Of New¬ fied cheek for $130, payable to
-5—v.
Buffalo, R. D. White & Co., and
Roosevelt & Cross, a bid of 101.06
for
1.70%
bonds.
able J-D.
,
Interest
pay¬
* J
,
TriboroVgh Bridge and Tunnel
validity of said bonds will be fur¬
nished
to
the
without cost.
successful
bidder
The City will
Authority, N. Y.
-
price of 100.136.
garage
•
_
about 1.12%.
Dated Sept. 1, 1946.
.
t
-
.
r
%
; Shaker
Heights, Ohio
• t
pay the cost of printing the bonds,
Bond Offering—E. P. Rudolph;
Enclose a certified check for $5,^ Director of
Finance, will receive
000, payable to the City.
sealed bids until noon on Sept. 9
Bluff ton, Ohio
Bond Offering Pending — Al¬
the: District Treasurer;; must acr
Bonds Sold—An issue of $125,though estimates of the probable
.'a basis of about 1.215%. Dated company the bid. The interest rate cost
000 electric light bonds was sold
have not as yet been made
Sept. 1, 1946. Due $4,000 on Sept. is to be stated in multiples of oneto Stranahan,
Harris & Co., of
P«Wic, it is said that the Au¬
1 from. 1947 to 1954, inclusive1. tenth of
1%, and must be the
thority will place an issue of Toledo, as 2s, at a price of 100.'Interest payable M-S. The next same for all of the bonds. Princi¬
a
basis of about 1.956%.
bonds on the market in the near 244,
highest bidder was B. J. Van Ingen pal and interest payable at
Dated Aug. 1, 1946. Interest F-A.
tl^e
Co., Inc.,! offering 100.06 for District Treasurer's office. Said future, to finance the construc¬ Due
Aug, 1, as follows: $5,000 in
tion
of
a
seven-story parking
bonds areata be issued pursuant
.1%% bonds.
1947 to
1950, $6,000 in 1951 to
to the provisions of section 57
at the Battery end of 1958, $7,000 in 3L959 to 1965, and
West field Sch'.' Dist (P. O* WestManhattan Island.
'
of the Local Finance Law; and are
field X,:N.:Jp
$8,000 l'm 1966.
Londs maturihi
Wettchester County (P. O. White
Bond Sale-^-The $130,000 coupon general obligations of the District,
Aug. 1, 1952 and thereafter, re¬
*
payable from unlimited ad valo¬
^Plains), N. Y.
deemable prior to maturity Aug.
-or registered school bonds offered
Bond Sale—The following cou¬
rem taxes upon real property in
1, 1951 and thereafter. Principal
■for sale on Aug. 20—v. 164, p, 873
pon or registered bonds aggregat¬
said district,
and interest payable at the Na¬
'—were awarded to B. J. Van In¬
ing $560,000, offered for sale on
tional Bank of Lima, Lima. Le¬
gen & Co; of New York, as 1.15s,
East Williston, N. Y.
Aug. 21—v. 164, p. 1002—were
gality approved by Peck, Shaffer
'at a price of 100.16, a basis of
ed to tlle -County Trust Co.
Bond Sale
The $14,000 land
:
&
ark,, as l%s, at a
315 for
also
—
Williams, of Cincinnati.
of White
for the
purchase of $75,000 series
"2", 114%, refunding of 1946, cou¬
pon
bonds.
Dated Sept. 1, 1946:
These bonds
Denomination $1,000.
due
$25,000 Oct. 1,1950 to 1952.
may bid for a different
rate of interest in multiples of 14
are
Bidders
of
multiple thereof.
Each
principal
amount of bonds bid' > for.
Said
bonds are issued for the purpose
1%,
bid
of
or
must
stater the
refunding
bonds
a
heretofore
like
.
of
amount
issued
and
now
outstanding and about to mature,
and
issued under the author¬
are
ity of the laws of Ohio and of the
Uniform
Bond
certified
check
Act.
for
Enclose
$750,
;a
payable
Plains, as 0.90s, at a price
to the City.
acquisition offered Aug. 16 —v.
$10,000 from Sept. 1, 1948 to
of 100.13, a basis of about 0.85%: Brunswick Local Sch. Dist,, (P. O.
I960, inclusive; Interest payable 164, p. 874—were awarded to the
OKLAHOMA
Brunswick), Ohio-:
South Shore Trust Co., of Rock; $180,000 park bonds. Due on Sept.
J M-S^ The runners-up in the bid¬
Bond Sale
The $113,000 im¬
ville Centre, as 1.10s; at a price of
Mangum Sch/ Dist. (P. O. Y* •
^ * jjn
to 1951* inclusive: v
ding were as follows:
par.
Dated
380,000 county airport improve¬ provement bonds offered for sale
Mangum), Okla;
:-'V
Aug. 1, 1946 and
For 1.20% Bonds
on Aug.
16—v. 164, p. 739—were
Bonds •: Offered —^ Sealed bids
ment bonds.. Due on Sept. 1
due- Aug; *1, as follows: $2,000
Coffin & Bum—u-/—--->100.20
awarded to Ryan, Sutherland & were received until
1 in 1947 to 1951, inclusive.
from 1947 to 1950 inclusive, and
Aug. 22, by I.
; Halsey, Stuart & Co.__-—100.178
Co., of Toledo, as l%s, at a price WV Cunningham, Clerk of the
$1,000 .from; 1951 to 1956 inclu¬
Dated Sept. 1, 1946.
Interest of
J.-S. Rippel & Co., and
100.846, a basis of about 1.33%. Board of Education, for the pur¬
sive. Other! bids:
payable M-S. Second best bid was Dated
C. C. Collins & Co.;
July 1, 1946. Due on April chase
of
$12,000 transportation
Bidder
Int. Rate Rate Bid an
offer of 100.261 for Is, sub¬
"
and Oct. 1, from 1947 to 1956, in¬
jointly
100.13 Tilney & Co..
1—^
1.20ft
100.007
equipment bonds.
Due $2,000 in
mitted by the National City Bank
Nassau County Trust Co.,
B ra u n, Bosworth & Co., Inc.,
clusive.
Interest
payable
A-O. 1949 to *1954, inclusive.
of New York, while third high
Mineola
IY*%
and
!
Next behest bid was an. offer, by
Ct P. Childs & 06., and
/
Miami Sch. Dist., ' Okla.
'Xaidlaw 8c Co., jointly
100.12; Sherwood & Co., Jointly— 1.30 ft 100.15 was a bid of 100.159 for Is, ten¬ Fahey, Clark & to., of 100.779 for
dered by the Harris Trust & Sav¬
Bonds Purchased—-An issue of
Kidder, Peabody & Co.—-100.119 George B. Gibbons, k
iy2s. Other bids:
ings Bank of Chicago.
;'Co.; Inc..;
l.40ft
100.16
Rate of, Pre$200,000 construction bonds, au¬
Bidder
Interest* mium
thorized at the election held on
5 NEW YORK
Wilson, Newfane, Porter and
J. A. White & Co:
IV2 ft: $809
Plattsburgh, N. Y.
;: I Cambria,
July 23, was purchased by the
Central Sch, Dist.;
Stranahan, Harris & Co._
Brookhaven Fire District (P. O.
661 :■&
V/2%
Bond Sale—The $118,000 bonds
First National Bank, of Miami, at
I (P> O. Wilson), N. Y.
Reusch
&
Co
294
Fox,
l%ft
Brookhaven), N. Y,
Offered Aug. i6—v. 164, p. 874-r
a net interest cost of 1.48%.
Bond Offering—James C. Con- Provident Savings Bank
Due
-
—
•
•
•
,
•<•■
•
-
-
•
Offering—Sealed bids will were awarded to
Hemphill, Noyes nell, Clerk of the Board of Edu¬
(DST), on & Coi, Of New York, as Is, at a
cation, will receive sealed bids
Aug. 29, by Thomas F. Lyons, Dis- price of 100.218, a basis of about until 3
p.m. on Aug. 30 for the
trict Treasurer, for the purchase 0.952%. Sale consisted of:
purpose of
Bond
"be
'
:
of
'
received until 3 p.m.
$46,500
fire house
registered
1946 bonds. Interest
coupon
of
or
exceed 4%, payable
Denominations $1,000 and
Dated Sept: 1, 1946. Due
rate is not to
M-S.
•
V
$325.
<
$2,325 on Sept. 1 in
1947 to 1966.
interest to be in multiples
one-tenth of 1%, and must
be the same for all of the bonds.
Principal and interest payable at
the Bellport National Bank, Bellport. Said bonds are to be issued
pursuant to the Constitution and
Statutes of the State, including
among others, the Town Law; and
-i the Local
Finance law;, for the
Rate of
of V4 or
,
-
'
purpose
>
of {, constructingand
$75,000 school
coupon
$47,000 school " bonds.
Due on or registered bonds, not exceedJuly 1 from 1<947= to 1951 in- ingy5% interest. Dated Oct. 1,
.
.
elusive,
j;
n:
71,000 street improvement bonds.
Due on July 1 from 1947 to
1946.
Denomination $1,000.
These
&
Trust
Payne,
=
&
589.50
Newkirk, Okla.
Jackson
Curtis
—I3/*ft
588
Braun,
Bosworth
&
Co.__
l%ft
350
Braun,
Bosworth
&
Co.—
I%ft
350
Cuyahoga County (P. O.
Cleveland), Ohio
-Bond
Offering — Sealed
bids
in£?S ?.re due Dec* L in 1947 to
Rate of interest to be in
will
multiples
Clerk
I960.
l3Aft
Company
Webber,
be
received
until
11
Bonds
Voted—At
-
recent elec-r
a
tion the voters are said
to have^
approved the issuance of $85,000
electric light system bonds.
OREGON
Clackamas Countyj
a.m.
Oali Lodge
f
F. J. Husak, Water Dist. (P. O. Portland), Ore.
/
Bond Offering—Sealed bids will
of
County
1
Principal and interest pay- Commissioners, for the purchase be received until 5 p.m. on Sept.'
Each issue is dated July
1, 1946.
able at the Niagara County Na- of
Other bids:
by Dan Birkemeier, District
$1,900,000
coupon /refunding 3,
tional Bank & Trust Co., Wilson. bonds, to bear 3% interest. De¬ Secretary,
Bidder
for j the r purchase of
Int. Rate Rate Bid
General obligations of the Dis- nomination $1,000. Dated Sept.
Tilney & Co.
$47,006 0.90ft; ; ^
1, $365,000 general obligation bonds.
;
•;-.-v vr71,000. :% ift
100.06
trict.
The approving opinion of 1946.
Interest
payable
A-O. Denomination $1,000. Dated Oct.
Wood, Struthers & Co._.' 1.10ft
100.229
Vandewater, Sykes & Heckler, of Due $190,000 April and Oct. ,1, 1, 1946. Due on July 1, as follows:
Halsey, StuaW & Co.—
1.10 ft'
100.123
1956 inclusive.
of
or
one-tenth
of
(EST),
on Sept. 5, by
of
the
Board
.
Sherwood
George
&
&
B.
Co.
and
.
.
7
Gibbons
Co., jointly—1.10 ft
Marine
Trust
V
..y
100.06
Co.; of ,H 'r.'-f;*'J
Buffalo, and.R. D,
: white
&
co._-:_^---_/-;i.20ftv 100.23'
New York
1947
to ;
mitted
the
City, will be furnished
purchaser without cost.
Enclose
a certified check for $1,500, payable to the District Treas¬
urer. -
1"
to
1951,- Bids may be
at
is
different
provided,
terest,
where
a
a
rate
sub¬
of
however,
in¬
that
fractional rate of interest
$10,000
in
1952
in
to
1950
1954,
to 1951, $11,000
$12,000 in 1955
to 1958, $13,000 in 1959 to 1961,
$14,000 in 1962 to 1964, $15,000 in
bid, said fraction shall be % of | 1965
to
1967, $16,000 in 1968 and
v
1132
THE COMMERCIAL & FINANCIAL CHRONICLE
1969, $17,000 in 1970 to
1972,
$18,000 in 1973 and 1974, and
$19,000 in 1975. All bonds matur¬
ing after July 1, 1955, shall be
subject to call and redemption at
Enclose
par, plus accrued interest, on any
interest bearing date ori or after
City Council, is said to have ap¬
proved recently the issuance of
$300,000
public r improvement,
equipment purchase ; and recrea¬
,
July 1, 1955, on 30 days' notice.
Bidders
to
name
The
terest.
the
rate
of
in¬
will furnish
District
the legal opinion of
Teal, Winfree,
McCulloch, Shuler & Kelly of
Portland, at its expense. Enclose
a certified check for $7,300.
Forest
,
.
Y.'
000.
Issuance
tional bonds,
"
'
"
:
,
Pending —The
r
u
'
Humboldt, Tenn.
These bonds,
are
due Aug. 1,
follows: $1,000 in 1947 to 1949,
as
V-
■
foUows: $3,105,192 baseball park,
/library, armory and stadium; $2,^.
Authorized—The 4 City $2,000 in 1950
in 1964
Bonds
Johnstown, Pa,
>
Bond
Council is said to have passed an
ordinance
calling for the issuance
$120,000 3% building bonds.
Denomination $1,000. Dated Aug.
1, 1946.
Due $6,000 from Aug. 1,
1947 to 1966, inclusive, 1 Interest
payable F-A.
of
to 1963, and $3,000 250,006 school system.,.
t
to 1966. Optional on Aug.
1# 1956.
Principal and interest
payable at the Dallas National
'fv
Pullman,* Wash.V : r; •
Bank, Dallas. Legality approved
Bonds Sold—Frankie Allen,
City
by McCall, Parkhurst & Crowe, of
j Clerk, has announced that $120,-*
Dallas.
.
i|i||||?m8HINOT
,,
:
'•K
-
000 water works
>"l\ V'.Vf -•»'V-i
age
Morrisville, Pa.
Bond Offering—Sealed bids will
TEXAS
Bond Sale—The $45,000 coupon
*
1
improvement
be received until 8 p.m.
Edinhurg, Texas
bonds offered for
Bonds Voted—At the Aug. 12
Aug. 20—v, 164, p. 875—
election the voters authorized an
were awarded to the Morrisville
issue of $500,000 sewer system im¬
Bank as iy4s, at a price of 101.00,
on
Bond Sale—The $300,000 water
system bonds offered for sale on a basis of about
1.01%.
Dated
Aug. 12 — v. 164, p. 875 — were
Sept. 1, 1946. Due from Sept. 1,
purchased by the First National 1947 to
1961; bonds maturing in
Bank of Portland, the only bid¬
1952 to 1961, becoming callable
der, as 2%s, at par. Dated Aug. 1, on
Sept. 1, 1951. Interest payable
1946. Due on Aug. 1, 1947 to 1983;
M-S. Second highest offer was a
optional on and after Aug. 1, 1956. bid
by C. C. Celling^ & Co., of
Jefferson County Union Sch.Dist. 100.77 for 1%% bonds.
No. 1 (P. O. Madras), Ore*
Paxtaug, Pa.
Bond Sale — The $92,000 school
provement revenue bonds.
Goodrich Indep. Sch. Dist.
(P. O.
yGoodrich), Texas
Bond
Sale
—
The
bonds
on Sept.
12, by R. W. Evans, City Secre¬
tary, for the purchase of the fol¬
lowing bonds aggregating $230,-
000:
$30,000 airport bonds,
;
50,000
aggre¬
Due
000 in 1969 and 1970.
sewer
in 1951 to
revenue
and
sew¬
treatment plant
bonds were
sold at a price of par, as follows:
For $84,000 maturirig July 1, $4,4
000 in 1948 to 1953, $5,000 in 1954
to 1965 as 2s, and $36,000 matur¬
ing $6,000 July 1, 1966 to 1971 as
IY2S. Interest payable J-J.
The
next highest bid was 100.10, for
$59,000, Ms, and $61,000, 2s.
Uvalde, Texas
'
sale
Grove, Ore.
certified check for $6,-
a
500, payable to the Township,
Monday, August 26, 1946f
$15,-
?
Spokane
bonds.
Due $2,000
1954, and $3,000 in
County
Sch. Dist. No.
f
Orchard Park
143 (P. O.
y;
: Spokane), Wash.
gating $66,000, offered for sale on
y
.1955 to 1968.
Bond Sale—The $136,000 school
Aug. 16 — v, 164, p. 876 — Were
150,000 street bonds. Due as folawarded to Roe & Co;, of Sari
bonds offered for sale i on Aug.
V
lows: $3,000v in, 1951; $2,000
12—v. 164, p. 876—were awarded
Antonio, at a price of 100.045, a
in 1952;. $8,000, 1§53; $2,000,
net interest cost of about
to the Seattle First National Bank,
2.88%,
1954 and 1955; $4,000, 1956;
of Seattle, as l%s, at a price,»of
divided as follows:
$6,000, 1957 and 1958; $9,000,
Bond Offering—Sealed bids will
100.10.
Dated Aug. 1, 1946.
De¬
$60,000 school house bonds, of
1959, and $12,000 in 1960 to
be received until 7 p.m. (EST),
nomination $1,000. r These .boridsl
which $14,000 are 2^4s, matur¬
1968.
on
Aug. 23, by. Hobart Acker,
are due over a period of 20 years
ing on Sept^ 1; $1,000 in
Interest rate is not to exceed
Borough Secretary, for the pur¬
after date. The next highest bid¬
1947 and 1948, and $3,000 in
chase of $12,000 coupon improve-?
3%, payable A^O. Dated Oct. 1, der was the State of
N1949 to 1952,; the remaining
Washington,
1946. These bonds were approved
merit bonds. - Interest rate is riot
for l%s, at a price of par. ?
$46,000 are 3s, due on Sept. at cthe election siheld^
to exceed 2%%, payable M-S. De¬
pm Aug.,; 3,
;1; $4,000 in 1953, and $7,000 Principal and interest
WEST VIRGINIA
nomination $1,000.
payable at
Dated Sept.
a
place preferred by the pur¬
1, 1946.
Due $3,000 from Sept.
Huntington, W. Va.
6,000 refunding bonds as Syfcs. chased. It is the intention of the
1947 to 1950. Bids will be re¬
Bonds" Defcated-4-At the elec^
Due $1,000 on Sept. 1 in
;1947 City Council^td/sellwthe bonds at
ceived for the entire issue at any
tion held on Aug. 6 the voters re¬
to 1952, inclusive.
the lowest interest cost that will
one
rate of interest, but no bid
jected a proposal calling for the
Dated Sept.
1, 1946.
Interest bring a price of approximately,
combining two different rates will
issuance of $750,000 airport borids.
payable M-S. Second best bid was but not less than par and accrued
be accepted.
Registerable as to
It is considered, possible that a
an offer on 2V2s and 3s, submitted
interest. Bidders are required to
principal only, y Said bonds and
$630,000 issue of airport bond3
name
a
rate or combination of
the interest thereon will be pay¬ by the First of Texas Corp., of
may be submitted for a Vote, ac¬
San Antonio.
two "rates with their: bid which
able without deduction for any
cording to report.
>
*
is nearest par and accrued inter¬
tax or taxes, except succession or
Memphis, Texas
est.Any i rate or rates named
WISCONSIN
inheritance taxes, now or here¬
Bonds Sold—An issue of $15,must be in multiples of Ys of 1%.
after levied on assessed thereon 000 2Vz% municipal airport site
Belvidere (P. O. Alma), Wis.
Alternate bid$ are requested on
under any present or future law purchase bonds, authorized at the
Bonds Sold—The $35,000 high¬
bonds with option of redemption
of
the ; Commonwealth,
all; of election held on June 21, was sold
10 years from their date.
The way improvement bonds offered
which taxes the Borough assumes recently to local banks.
Dated
City
will
furnish
the
printed for sale on Aug. 15—v. 164, p*
and agrees to pay.
These bonds July 11946. Denomination $750,
740—were awarded at a net in¬
are
issued subj ect to the favor¬ These bonds are due $750 July 1, bonds# a copy of the proceedings,
the
approving opinion of any terest cost of about 1.15%. Dated
able opinion of Weiss & Rhoads, 1947 to 1966. Principal and inter¬
market attorney and will deliver Sept. 1, 1946. -Due $5,000 from
of Harrisburg, and will be de¬ est (J-J) payable at the First Na¬
the bonds to the bank designated Sept. 1, 1947. to -1953, i iqcl. ^ Inter¬
livered to the purchaser only if tional Bank, Memphis.
- " \
est payable M*S»
/
by the purchaser without cost to
and
after. the proceedings
au¬
him. It is anticipated that deliv¬
Novice, Texas
Kimberly, Wis.
thorizing
the
issuance y thereof
Bonds Not Sold—It is stated by
ery can be effected on or before
Bond Offering—It is stated that
have been approved by the De¬
the City Secretary that the $25,- Oct. 20, 1946. Enclose a certified
Paul
A.
Lochschmidt,
Village
partment of Internal Affairs. En¬ 000 not to exceed 5% water works
check for $4,600, payable to the
Clerk, will offer for sale at public •
close a certified check for 2% of
system bonds offered on Aug. 19— City.
auction on Aug. 26, an issue of
the face amount of the bonds, pay¬
v.
164, p. 604—were not sold as
$65,000 2%% water softener sys¬
able to the Borough Treasurer.
VERMONT
there ; were; no
bids
received.
tem improvement bonds. Denomi¬
Dated Sept. 1, 1946. Due on Sept,
Fair Haven School District., Vt.
Radnor Township Sch. Dist. (P. O.
nation
$1,000.
Due $5,000
ori
1 in 1947 to 1971, inclusive.
In¬
Bond Issud Proposed—Issuance March 1 in 1948 to I960, inclu¬
Wayne), Pa.
terest payable M-S.
of : $150,000
Principal
and
interest
schoolconstruction sive.
Bond Sale—The $150,000 school
Parker County (P. O. Weatherbonds has been proposed.
(M-S) payable at the office of the
bonds offered for sale on Aug. 12
.
<
—v. 164, p. 739—were awarded to
ford), Texas
Village Treasurer. The bonds will
Rutland, Vt.
Bonds Sold—It is stated by J.
be awarded to the highest re¬
Stroud & Co. and Schmidt, Poole
Purchaser—In connection with
& Co., both of Philadelphia, joint¬ B. Banks, County Judge, that $50,sponsible bidder at not less than
the sale of the $75,000 temporary
par.
ly, as 1.20s, at a price of 101.771, 000 hospital, Series of 1946 bonds
were
purchased recently by the loan notes at 0.60% discount—v.
a basis of about 7,069%;
Interest
Racine, Wis.
First National Bank of Weather- 164, p. 1004—it is now reported by
payable J-D. Dated June 1, 1946.
Bond Offering—It is stated by
Denomination $1,000. These bonds ford, as follows: $10,000 as IVzs, T, c P- ■" Roberts^ -City ^Treasurer,
Frank J. Becker, City Clerk, that
are
due Dec. 1, in 1947 to 1975. due $5,000 in 1947 and 1948; the that the notes were awarded to
he will 'receive both sealed and
The
remaining $40,000 as l%s, due the National Shawmut Bank- of
next
highest
bidder
was
oral bids until Sept. 5, at 2 p.m.,
$5,000 in 1949 to 1956. Dated May Boston. Due on Oct. 18,1946.
Halsey, Stuart & Co., for 1.20s,: at
for the purchase of the following
1, 1946. Legality approved by W.
a price of 100.688;
bonds aggregating $1,500,000:
VIRGINIA
,
P. Dumas, of Dallas.
Wilkes-Barre Sch. Dist, (P. O.
$800,000
street
improvement
Brodnax, Va.
Wilkes-Bar re), Pa.
Pecos, Texas
bonds. Due on Aug. 1; $23,Bond Offering—Sealed bids will
Bond Sale—The $150,000 street
Bonds Sold—It is> stated that
000 in 1952, $31,000 in 1953
improvement bonds offered Aug, be received until 7:30 p.m. (EST),
arid 1954, $44,000 in 1955^ and
$125,000 improvement bonds were
13—v. 164, p. 876—were awarded
on
Sept. 4, by E. M. Crowder,
purchased recently by the First
$61,000 in 1956 to 1966.
^ ;
to J. Li Wright & Co., and W. J. Clerk of the Town Council, for
National Bank of Dallas, as l%s.
700,000 sewer bonds.
Due on
Lackey & Co., both of San An¬ the purchase of $50,000 2% cou¬
Aug. 1; $23,000 in 1952, $27,tonio, jointly. Bonds mature over pon water bonds.
SOUTH CAROLINA
Denomination
000 in 1953, $26,000 in .1954,
a period of 25 .years; i'rt?
$500. Dated April 1, 1946. Due
South Carolina (State of)
; $39,000 in 1955, $53,000, 1956
on April
1 as follows: $1,000 in
Rotan Sch. Dist., Texas
to 1965, and $55,000 in 1966,
u Bond Offering—The State High¬
1947 to 1951, $2,000 in 1952 to 1961,
Bond Issuance. Approved—The
Denomination
$1,000.
Dated
way Commission is said to have
and $2,500 in 1962 to 1971. Bonds
voted recently to offer for sale Board of Education recently au¬
Aug. 1, 1946. Interest rate is not
maturirig ori or after April 1,1957,
thorized the issuance of $258,200
to exceed 3%, payable F-A; stated
$6,000,000 of bonds for the financ¬
will be redeemable at par and ac¬
in a multiple of lk
ing of road construction on the school construction bonds.
qf 1% , and no
crued interest at the option of the
bid shall specify more than one
Department's $18,000,000 farm-toSan Antonio, Texas Town on April 1,1956, or any sub¬
market highway system.
rate of interest which shall apply
These
High
Bid Withdrawn — It is sequent interest - payment ^ date. to both
funds would cover the financing
issues, and no bid will be
Principal and interest payable at
of the first year's work in the stated that the high bid received
considered for less than all of the
No
from the $5,700,0000 various pub¬ the Town Treasurer's office.
bonds of both issues.
All other
three-year program.
lic improvement bonds that were bid for less than all of the bonds
Approved by the 1946 General
things being equal, preference
offered for sale on June 27, sub¬ will be considered. The purchaser
will be given to the bid of par and
Assembly, the program requires a
must pay accrued interest from
minimum expenditure of $6,000,- mitted by the syndicate headed
accrued interest, or better, which
by Dallas Rupe & Son of Dallas, the date of < the bonds to the date
000 per year for three years.
It
of delivery.
The successful bid¬ specifies the lowest interest rate*
an offer of 100.019, a net interest
was
pointed out that the issue
Said bonds will be the direct gen¬
cost of about 1.68%, for $1,710,000 der will be furnished with the
must be approved by Governor
eral obligations of the City and
Ransome J. Williams and State as Is, and $3,990,000 as l%s, has opinion of Reed, Hoyt & Wash¬
are
being issued subject to the
been formally withdrawn.
burn, of New York, that the bonds
Treasurer Jeff Bates.
Following
approving opinion of Chapman
are valid and
binding obligations
this approval the bonds will be
and
Spearman, Texas
Cutler, of Chicago, which
of the Town.
Enclose a certified
advertised and bids received.
opinion will be furnished to the
Bonds Publicly Offered—R. A. check for
$1,000, payable to the
successful bidder at the expense
Underwood & Co., of Dallas, are Towri.
• ,v
SOUTH DAKOTA
v-J/;;
of the City.
The successful bid¬
offering an issue of $40,000 3%%
der shall furnish the printed bonds
Vihorg, S. Dak.
^0; Roanoke,. Va. \;.00-,;:
water works and sewer system
at his own expense.
; Bond Issuance ^Reported—It is
Bonds Voted—An issue of $10,- improvement and extension rev¬
A certified
1
1
bonds offered for sale on Aug. 19
875—were awarded to
the First National Bank, of Port¬
164,
; —v.
p.
bonds
These
land.
due
are
on
.
$6,000 from
1, as follows:
Sept.
1964 inclusive, and $8,000
in 1965. The next highest bidder
was
the United States National
1951 to
Bank, Portland.
Sch. Dist. No. 133
lane County
(P. O. Eugene, Rbute
No. 1), Ore.
Bonds Sold—It is stated by the
*
school
District Clerk that $20,000
awarded recently to
the First National Bank of Eu¬
bonds
"
gene.
were
Denomination $1,000. Dated
Sept. 1, 1946. Due $2,000 on Sept.
1 in 1948 to 1957; optional on Sept.
1, 1952.
Fordyce & Co. was the
in the bidding.
xunner-up
*
County (P.O.
Pendleton), Ore.
Bond Sale Details—It is now
Umatilla
County Clerk that
$450,000 road bonds sold to
the First National Bank of Port¬
land—v. 164, p. 875—we're award¬
ed as 2VzS, at a price of 103.385,
a
basis of about 0.75%.
Dated
stated by the
the
Aug, 1, 1946.
Due $150,000 on
Aug. 1 in 1947 to 1949. Interest
payable F-A.
,
(
1
PENNSYLVANIA
Ahington Twp. (P. O. Ahington),
Pennsylvania
'
Bond
Sale—The
$100,000
cou-
I pon sewer
bonds offered for sale
;• on Aug. 15—v. 164, p. 603—were
awarded to Fauset, Steele & Co.
of Pittsburgh, as 0.75s, at a price
of 100.031, a basis o fabout 0.737%.
4' Dated Aug. 1, 1946. Due $20,000
;
on Aug, 1 in 1947 to 1951, inclut sive. Interest payable F-A. Runners-up in the bidding (both for
"7%% bonds), were:
Harriman
Ripley & Co., Inc., offering 100.201, and Salomon Bros. & Hutzler,
bidding
100.41, while Schmidt,
? Poole & Co., offered 100.616 for
.
1% bonds.
•
i
Large), Pa.
;
received until 8
p.m.
on
Aug.
26, (DST), by Alex Frazer, Jr.,
Township Secretary, for the pur¬
$325,000 Coupon township
Denomination
$1,000.
1,1946. Due on Sept.
1 as follows: $15,000 in 1948 to
1962, and $16,000 in 1963 to 1972.
Bidders to name a single rate of
chase of
bonds.
Dated Sept.
:
interest
in :
a
multiple
of
one-
The bonds will be
sold to the highest responsible
bidder subject to approval of the
authorizing proceedings by*the
eighth' of 1%.
Department
of
Internal
Affairs.
No bid for less than par and ac¬
crued interest or for less than all
of the bonds will be accepted. The
purchaser will receive without
charge the opinion of Burgwin &
Churchill, of Pittsburgh, that the
bonds are valid, general obliga¬
tions of the Township, payable
from
taxes levied on
(
.
.
,
Jefferson Township (P, O.
Bond Offering—Sealed bids will
be
'
all taxable
,
v
,
-
•
,
real
property within the Town¬
ship without limitation of rate or
amount.
The right to reject any
or
all bids is reserved.
are.
The bonds
000
water
bonds
was
registered as to pricipal only, at the Aug. 6 election.
authorized
enue
bonds# series Of 1946.
Aug, X, 1946.
Dated understood that the city is plan¬
check for $20,000, payable to the
Denomination $1,- ning to rissue $5,355,192 bonds, as City Treasurer, is: required..:
^
^
@FedFRASER