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4-
MONDAY
Volume
Number 4617
166
New York, N. Y.,
General
RAILROAD
•
Affiliated Fund,
Ended
6 Months
Income
Expenses
(other
Interest
Inc.—Earnings—
1947
$728,467
$550,909
interest)
123,562
136,672
62,500
♦149,871
$542,405
436,806
1,416,774
$223,967
214,387
12,575,460
and
than
——
—_—
*
Extraordinary charge
inc.
Net
Dividends
Net
paid
♦Including
of securities
discount
STATEMENT OF
ASSETS
deposit
interest
AND LIABILITIES APRIL 30,
In
Receivable
for
investment
Receivable
for
capital
securities
stock
Total
payable and
taxes
accrued
expenses
—;—
.
for
investment
Payable
for
capital
__
(based on
maturing Oct.
15,
165,
and
banking house
of
carrying
investments
at
Income
of
1946,
Lazard
1947
from
Net
ry.
railway
railway
from
Net
Deprec.
—
before
Prov.
market quo¬
taxes
$418,496
54,282
Freres
10,293
2,628
air freight,
mail,
&
Co.—V.
166,
U.
111,099
50,995
S.
S.
&
Corp.,
651,000
$1,057,151
995,507
_________
outstdg.
common
sh.'V
$1,016,891
796,406
$0.93
*
.
$1.12
2,275,038
Receivables
829,463
Inventories
434,140
805,582
406,566
166,
347,517
49.
p
(less
reserve)
U. S.
Treasury tax refund claims_
Deferred charges and
sundry assets
Investments—Subsidiaries
Alabama Great
Southern
RR.—Earnings-
1947
from
from
railway—
1946
$1,240,122
railway.
1945
$1,165,717
173,713
1944
$1,689,512
$1,933,094
544,612
52,806
37,759
96,408
7,850,640
6,955,470
11,084,230
772,615
4,127,991
935,104
$2,537,595
$1 ,346,127
—
from
Net
ry,
oper,
166,
income.,
693,411
142,821
877,013
796,406
$2.32
$1.37
SHEET
Profit
from
operations
before depreciation
Depreciation
In
167,562
125,897
189,522
$1,880,805
$1,682,803
$2,280,204
32,571
57,464
40,239
64,557
$1,808,700
$2,469,726
—
Dividends received from
income
div.,
1,922.097
Net
$1,867,259
$2,344,761
216,127
182,407
221,987
&
Common
24,393
500,000
$964,179
dividend
results
in
600,000
134,870
dividend
included
723,176
the
of
$974,573
134,870
$1,084,852
134,870
519,953
,_
NOTE—The
24,293
ex¬
taxes.
profit
Preferred
519,953
324,970
opertions
consolidated
exchange prevailing during
,
of
the
This
the respective
new
airline
record
the
first
January through
for
the
half
June,
amount
of
a
of
year
air
was
when
1947,
announced.
it
$1,317,058
134,870
324,970
subsidiaries have
the official rates of
periods.—V. 165, p. 2406.
at
cargo
set
flew
carried
by
this
by
commercial
corporation
13,914,422
*
a
ton-miles,
from
Airfreight
is
ton-miles flown this year through June
30, including
operations, totaled 8,011,028 ton-miles, a 392% increase over
period last year, according to F. D.
Miller, Director of Cargo
Sales.
Six-month 1946 figures show
1,627,714 ton-miles of airfreight
carried,
contract
the
(Stocks)
Exchange (Bonds)
________
York
Curb Exchange.
MUNICIPAL DEPARTMENT
Boston
Stock
Company
Established 1922
89 BROAD STREET
Telephone.* HAnover 2-2600
NEW YORK
4, N. Y.
Bell Teletype: NY 1-878
cost
added
to
to
working
the
different
available
cost
meth¬
Consideration
on
least
at
fixed
for
is being given
part of the
redemption of
new
convertible
a
the
the
'
-
1947
in
1946
$250,867
$246,401
5,931
7,546
securities
1944
$265,936
34,026
17,452
income
misc.
1945
$244,669
47,290
,
■
$274,251
44,542
20,111
$253,947
21,834
$278,695
$313,226
17,606
51,549
20,111
12,969
18,033
$209,598
taxes
$212,002
$243,644
146,820
stock
61,891
Stock
intends
Exchange.
Stock
:
to
distribute
Toronto
regard
securities for the
bank
tributed
and
first
SHEET
to
six
AS
its
of
profits
months
OF
net
of
of
JUNE
com¬
company"
investment
$218,037
in¬
realized
1947.
30, 1947
$1,589,082;
capital
The
gain
dividend,
corporation
has
increase of 8
wage
The
liabilities,
$9,417;
se¬
net
Dr$6,920,827;
losses
total,
on
securities
$9,856,067.—~V.
sold
165,
contract,
signed
cents
which
an
also
an
Corp.—Wages Increased
agreement
hour,
it
provides
providing
was
announced
for
three
on
horizontal"
a
July 23.
paid
holidays a year,
extends the
company's contract with the International
Mine, Mill and
Smelter Worker's Union of
America, Local 414, to Dec. 1, 1948, with no
provision for re-opening by either
party,—V. 165, p. 3274.
36
37
38
,—
American Radiator &
39
Section
24
24
Exchange
Stock and Bond Averages
24
pany
now
in
duction
and
--
a
above
year
General Corporation & Investment News-Cover
and
State and City Bond Offerings
the
Foreign Exchange Rates
41
of
Federal
Banks
Condition Statement of Member Banks of
Federal Reserve System
41
.
44
the
previous
Mr.
Mueller
the
of
said,
balance
Mr,
of
a
result,
company
for
six
the
he
are
first
months
six
and
months
112.5%
of
over
this
the
said.
company's products
Mueller added:
our
domestic
com¬
States, the largest
said, the present rate of pro¬
higher than ever.
are
production
allocated
of
year
like
to the
was
perio4
United
heating
equipment
plumbing fixtures, less than 2Va%, is
shipped to customers below
Grande."—V. 165, p. 2542,
Rio
American Rolling Mill
Co.—Buys Add! Facilities—
The
44
of
As
bathtubs
of
98%
he
history.
sales
the
ago,
Almost
Redemption Calls and Sinking Fund Notices 44
Course of Bank Clearings...
43
its
Production
States,
Dividends Declared and Payable
Mueller, President, on July 21 announced
that the
employs 23,000 persons in the United
number
37%
50
Sanitary Corp.—Out¬
Theodore E.
42
.
Standard
put and Sales at Record High—
41
Transactions New York Stock
Exchange
Statement
accrued
loan
(due July 1,
1947), $3,025,770; secured bank loan
1, 1950), $2,000,000; common stock
(355,500 shares, no par),
option warrants, $585;
capital surplus, $9,796,540; undis¬
investment income,
American Potash & Chemical
36
36
Exchange—Curb
Over-the-Counter Markets
Condition
without
p.. 3045.
36
Stock
Reserve
of
$355,500;
35
_____
Exchange.
Curb
substantially all
88,625
the
as
investment
35
Exchange
Montreal Curb Exchange.
Toronto Stock Exchange,
88,625
"regulated
LIABILITIES—Accounts payable and
34
Stock
Stock
156,420
(due July
34
Stock
San Francisco
Montreal
sales
cured
34
;_
Exchange
Exchange
Exchange.
St. Louis Stock Exchange
Philadelphia
24
33
Cleveland Stock Exchange
Detroit Stock Exchange
Pittsburgh
62,120
142,200
dividend
$248,119
146,490
ASSETS—Cash in banks,
$550,142; accounts receivable for'bonds
sold, $3,000,446; accounts receivable for
securities sold,
$13,395; interest
receivable, $13,125; investment
securities, at cost, $6,278,958; total,
$9,856,067.
33
,___
Chicago Stock Exchange
Combined
&
end
the
provision has been made for
Federal income taxes,
has elected to be taxed as a
"The
Municipal Bonds
be
the
of
29
Exchange
Exchange.
Miscellaneous Features
SPECIALIST IN
be
would
before
excess
application
the
been
yet
for
accrued
BALANCE
.
qAllen
or
come.
on
same
FLORIDA & NEW JERSEY
would
for
underwriting
or
income
Preferred stock div
*
Transactions New York
it
available
in
improvement program.
has
♦Net
Page
;_
13
Stock Exchange
.
Cargo—*
an
date
received
rec'd
Total
Issue
Los Angeles Stock
881,4^3
foreign
statements
American Airlines, Inc.—Carries Record
Air
A
divs.
Exps., incl.
Interest
and
Baltimore Stock
Cincinnati
$1,938,269
subs.
income
profits
—
,
180,280
foreign
for
144,217
$1,644,459
deductions
cess
been
212,560
York
New York Stock
New
subsidiaries—
of
No
preferred
received
Divs.
1,722,749
21,618,176
26,774,810
•
New
$2,048,367
$1,399,328
Balance
Miscellaneous income
issue.
6 Mos. End. June
30—
Cash
Int.
Stock and Bond
Quotations
-1946-
funds
„
pany
Consolid't'd Company Consolid't'd
be
and
is
desirability
present
♦No
1,012,386
$1,507,954
108,626
would
replacement
preferred
stockholders
new
that
preferred
American European Securities
Co.—Earnings—
$63,853,590 >$59,079,978
Co.—Earnings-
Company
such
as
NOTE—Computed
-19476 Mos. End. June 30—
foreign
the
"Dec, 31,'46
^■■■—______•
American Bank Note
the
stated
was
present
_
49.
p.
convertible
common
that
carefully studying
carrying through these proposals.
Common
railway—
railway
new
the
it
the
a
as
,
9J5.5Q7
January 1-
from
Net
and
plant
—
Total
the
to
expected
by
so
($100 par),
offering of the stock.
If
conditions, appear unfavorable the call and the
proposed issue will be
postponed.
In that event,
any additional money
heeded
for
plant
expenditures ; and
for improving
our / working
capital position will be obtained
by borrowing. By the end of
June^
$3,000,000 additional funds had been
obtained on short-term bank
loans, and it is estimated if no
action on the call and the new
issue
is taken bank
loans will total between
$7,000,000 and $9,000,000 at
the year-end.—V.
165, p. 2921,
;
4,675,782
income—
and
stated
stockholders,
was
adopted
charter
stock
^preferred
1
.
also
to
it
redemption of the present preferred
the
the
11,263,593
1,518,133
consolidated—
was
mailed
favorable
called
subscription
It
proposed
127,335
_
3, 106,231
1,722,749
Other companies
Fixed assets
1
826,890
_
oper.
153,343
not
i
statement
seemed
be
The management
ods of
$6,589,275
$6,340,445
291,099 *
2,893,162
11,095,861
8,656,589
14,681,074
13,021,707
2,049,147
2,050,000
649,583
855,053
Treasury tax notes____
2,464,171
283,450
64,406
1947.
the
of
1946
825,000
BALANCE
proxy
would
offered for
capital
*
11
preferred
conditions
of
JUne 30,'47
1,842,538
June—
Prov.
if
the
stock
1, $94,000
i-,
$63,853,599 $59,079,978
only.
annual
meeting in April, the stockholders
majority the proposal to amend the
company's
200,000 shares of convertible
of
ASSETS—
Cash
879,038
♦Deficit.—V.
Pfd.
Life
366.
p,
13,374,988
11,544,483
12.804,285
13,897,463
authorize
In
;
COMPARATIVE CONSOLIDATED
-
oper. "income—
ry.
,
825,000
___;
the
large
to
'
investment
5,229,254
1,067,659
471,917
9,800,000
15,374,988
11,544,483
Creation of New
Preferred—Proposed Refunding—
Wm. B. Given
Jr., President, on July 22 said in
part:
At
Chicago;
Guardian
the
—
6,529,616
2,185,646
840,960 '
9,800,000
959,832
(98,000 shares)
(995,507 shares)—.
....
to
2.313,803
<
income
on
Total
^♦Company
1947—6 Mos.-
Can.
income
shares
per
2,611,121
ry.
Total
air
&
534,977
on
Canadian taxes
Capital surplus
Earned surplus
the
.
2,243,128
U.
railway—w
railway
Net
Other
5,309;
and
...
153.
p.
S.
514% preferred stock
Common stock
carried
tons.
Air
were:
166,
Tons
Co.—Earnings—
inc.
on
$364,012
71,058
25,609
U. S.
from
from
—V.
11,780.
$27,348,718 $19,565,889 $55,041,662 $35,
317,425
♦Company only.
1944
$361,663
$275,164
15,355
♦17,170
115,941
income—.
oper.
Net
From
carried
2,628.—V,
amortization
income
.Earns,
1945
.
&
&
for
Net
arnmgs-
1946
deprec.,
Canadian taxes
From Jan. 1—
Gross
tons
and
year's
1947—3 Mos.—*1946
____________
amortiz.
p.
Juho-4-''
Net
last
of
$3,000,000
6,499,067
2,777,766
accruals
U.
Reserves
(Including Canadian Subsidiaries)
sales
Common
Net
air express,
over
airfreight,
Period End. June 30—
Net
14,331
5,000,000
—
Akron Canton & Youngstown RR.
Gross
LIABILITIES—
&
$5,096,402
^50
Copy
a
MISCELLANEOUS
-
Notes payable to banks
Accounts payable and
of
and
equivalent to $4,06 per share on 5,025,322 shrs..
par value capital stk. outstanding^,^.
$20,394,002
3273.
-
$1.25
Gross
months
3,843;
5,099
291%
total
Reynolds Springs
Co., Jackson, Mich., and the
Insurance Co., New York.
He is a former partner In
10,075
—
assets
Gross
six
of
six-month
the
56,106
purchased-.-
stock reacquired-J——
promissory notes,
tations)
1
increase
15,890
———
—
securities
Total
of
year's
American Brake Shoe
Payable
—V.
contract
$25,490,404
Accrued
Net
express,
of
has been elected a member of the
board of direc¬
this corporation.
He is a former President of the
Continental
Trust Co., and was
formerly Vice-President of the National
City Bank with which he was
associated from 1916 until 1935.
Mr. Jackson is
also a director of the Old Ben
Coal
LIABILITIES—
Accounts
2.V!a%
air
of
ton-miles
James A. Jackson
171,589
_
the
Bank
46,945
sold
ton-miles
3,653,740
American Overseas
Airlines, Inc.—New Director-
54,500
sold
an
express,
529,705
,
2,356,344
and
increase over last year's six-month total of
included 3,571,809 ton-miles of air
mail,
latter
$24,687,665
dividends-.—:
mail,
94%
a
increase over last
included 4,225 air
1947
—
and
was
which
tors
for
air
airfreight,
7,166,mail, 1,967,316 tonof air express, and
1,627,714 ton-miles of airfreight.
Tons carried this
year, including contract freight, totaled
19,617, a
839,
-
demand
on
of
of
66%
Investments, at closing market quotations
Cash
ton-miles
ton-miles
INSURANCE
-
miles
expense
of $42,058 applicable to period.
out- of security profits and losses.
tBefore
of $48,591.
ASSETS—
Receivable
This
and
$48,591 paid
dividend paid
deducting
losses)
or
——
profit from sales
^Excludes
profits
security
INDUSTRIAL
-
airfreight.
40,399
of
(excl.
3,547,050
4,357,288
1946
interest
April 30—
dividends
Price 75 Cents
Corporation and Investment News
PUBLIC UTILITY
-
Monday, August 4, 1947
War-surplus
steel foundry
facilities built by the
government
to
production of heavy steel castings at this
company's plant
Middletown, Ohio, have been purchased by the
company for $125,000,
the War Assets Administration
announced on July 25.
The
property purchased includes an extension to
the
company's
foundry, locker rooms, compressor building, office
building, pyrometer
building, an annealing furnace, core oven,
jarring machine, mold
driers, sandmueller, sand unloader,
screenerater, swing grinders, trans¬
fer cars and three cranes.
augment
in
The
duction
—V.
facilities
cost
cost
(less
165, p. 3274,
the
government
depreciation)
of
$402,488 and have a
repro¬
$218,703, the announcement
said,
•
•
(462)
sales, less returns
Grcss
cost
Total
1 •
'
The company on July 22 filed .a letter of notification with
for 10,000 chares ($20 par) common stock, to be offered at
share, through Cohu & Torrey, New York. (Proceeds will be
capital .improvements and for working capitiuJ.
"
used for
Total
Corp.—Earnings—
End...June 30—„
1947 '
Equipment
Aro
'
6 Mos.
f
310,000
$0.45
outstanding.
335,000
share
$0.68
•After preferred dividend requirements.
NOTE—Gross profit from sales amounted to
$905,638 in 1946.—V. 164, p. 3409.
t>
'
-
••
& Santa Fe
Atchison Topeka
Colorado & Santa Fe Ry.,
authorized
1,500,000 shares,
for each
Railway
oper.
Railway
oper.
debits
Other
Net
—V.
'
166,
258.
p.
;
.
* "
Net
ry.
39,688
19,622
10,977
947,229
392,460
54,877
West Point RR.- -Earnmgs1946
1945
1944
$324,365
$425,372
$492,213
54,222
38,363
132,923
178,565
ry.
12,932
21,776
29,026
33,016
2,738,998
882,265
185,879
2,823,536
1,087,932
194,386
1—
From January
ry.
.
railway...—
from
Net
1,975,762
208,028
1,889,102
•48,063
railway
from
Net
33,838
income..
oper.
166,
•Deficit.—V.
96,623
2,403,000
Period End. June
...
Operating expenses
281,363-
•■
337,292
1,797,002
$3,008,848
197,002
938
734
19,485
329,314
326,704
2,001,974
$939,276
2,154,488
21,257
2,009,901
Other
inromft
deductions
Misc.
i,
Fixed and conting.
income
Net
i
'•
•
chgs.
$294,407 -
—...
4,047,950-
$814,946
$5,035,337
•$702,781
258.
Deficit.—V. 166, p.
made in
•
our
Inc.—Earnings—
B/G Foods,
,
log
the
the
to
finished, product.
.
.
FINANCING
Outstanding
Authorized
2 Va %
♦10-yr.
serial note dated July 1,
1946
$2,250,000 V
900,000
600,000 shs.
$2,500,000
-
-
promissory notes payable serially
900,000
^Common stock (par $1)—1,000,000
t4%
In
First
•Principal amount is payable in 19- installments.
amount of $250,000 was paid on May 15, 1947,
installments in the amount of
18
•
Shs.
each year there-
1947, and on the 15th day of May and November in
after. " Interest at rate of 2Va %
per annum on the
amount
quarterly
payable
is
installment,
and the remaining
$125,000 each are payable on Nov. 15,
on
15th
the
days
unpaid principal
February,- -May,
of
August and November.
tThis issue comprises three plain promissory
f notes containing no. restrictive covenants, each dated May 1", 1947," each
in the principal amount of $300,000, and maturing July 1, 1948, 1949,
and 1950, respectively, on which the company can anticipate payment
without penalty,
DIVIDENDS—The
record of common
dividends paid during the four
ended June 30, 1944, 1945, 1946 and 1947 was GOc, 85c,
$1.90, respectively.. On July 14, 1947 a dividend of 62%c per
share was declared payable on Aug. 1, 1947 to holders of record July 25.
The shares offered will not participate in such
dividend.
years
$1, ana
PURPOSE—Net
its
reimburse
its working capital
be used by the company to
will
proceeds
for capital expenditures, to increase
other general corporate purposes.
-
treasury
and
for
UNDERWRITERS—The names of the
'
of -shares
number
of
common
follows:
No. of
Shates
Corp
Lynch, Pierce, Fen-
Merrill
ner
6,000
4,500
Beane
&
&
Hornblewer
Weeks
4,500
3,000
Johnston, Lemon & Co
Dominick
&
Dominick.
Hemphill, Noycs & Co.—
Webber,
'
Paine,
\Hayden, Stone & Co
—
&
&
Middlebrook
Torrey——
Ooolittle, Schoellkopf
Boettcher
& Co.
and Co
Goodwin Inc.
Bucklev Brothers —1
Paul H. Davis & Co
R. s.
Dickson <fc Co
Taussig, Day & Co., Inc.—
Bond
&
3,000
2,500
2,500
Reynolds & Co
Boenning & Co
Cohu
3,000
Jackson &
-Curtis
Coburn
9,802
2,000
2,000
2.000
2,000
1,500,
' 1.500
1.500'
1,500
1,500
1,500
Bateman,
1,000
1,000
1,000
Eichler & Co
Bingham, Walter & Hurry.
Crowell, Weedon & Co
Dempsey &
Co.i
L.' Emerson
H.
LOCO
&
Securities
First
Co.,
Co.
1,000
Inc.
of
Gordon
W.
D.
Graves
1,000
&
Co
&
Co.—— \1.000
Gradisori
Herrick, Waddell & Co., Inc.
1,000
Hill
1,000
Richards
Mead,
&
Co
Miller &
Co
;
1,000
Peters, Writer & Christensen,
Inc.
Frederick
S.
Co.,
,—
Robinson
&
5,60L609
1
166, p. 367.
Bayuk Cigars, Inc.—Earnings—
r
Schaefer &
Sell.,
1,000
1,000
Co..
Durst,
Wagenseller
&
Westheimer
and
Co
Inc.
1,000
1,000
1946
1947
before
&
gen.
$3,758,399
depreciation and amort.__
admin, exp., deprec. and amort.
profit,
1,550,569
•
income
(net.r
Prov.
for
Federal
Prov.
for
Inventory price
shares
Common
Earnings
*
income
transferred
per
*Based
and
tax
70,122
;.
contin._'_
*.
43,304
512,987
■
40,000
$1,312,814
$831,782
—
786,120
393,060
—»—
$1.67
*$1.06
surplus^
outstanding
shares
7,202
25,036
830,953
surtax——
adjustment
earned
to
share
common
on
$1,395,275
(net)
net income tax
on, notes payable, etc.
for Pennsylvania corporate
Profit
41,435
$2,278,925
—i-
Interest
Prov.
80,095
—
Total income
.
$2,636,231
1,282,392
$1,353,839
$2,198,830
.Other
—
outstanding.
now
NOTE—The equity (not included above)
of company in und'stributed
..earings of subsidiary company (not consolidated), amounted to $244,226
in 1947 and $298,893 In' 1946.—V.
166, p. 367.
ry.
$206,015
6,464
279
$206,294
78,236
expenses
1946
1945
1944
$651,715
$693,425
$726,034
$861,525
208,710
267,103
240,821
413,823
106,713
78,445
•71,347
35,728
97,857
outstanding
Earnings per common share...—
note—Statements include - operating
Net
ry.
■■
——
cost
Government obligations, at
——_—•
Receivables
of food
and supplies, at cost.....
Prepaid expenses, etc
—
Property,
equipment and leasehold
ments, at cost
(net)—.
investments
Other
improve¬
—
,—...
•Goodwill
Total
'.
payable
expens'esr
taxes
■
Capital -surplus
Earned surplus
——.
debentures.——
cost)
(at
22,736
.....
....I
....
43,989
38,517
$1,397,064
$157,325
75,756
*215,557
179,667
•
•36,900
to
•Applicable
period).—V.
10-year
over
165, p.
to
years,
stock.
these
166,
V,
p.
-
1946
8
408,700
and
for
lease
,
.
Bell Aircraft Corp., Buffalo—Files
company
of
Some
the
resell' it,—V.
:
July 23
on
5,400 shares
filed
$6,720,999
from oper. for
Capital
shares outstanding
Earnings per shared—
$4,242,252
2,337,657
1,969,467
($1
par)
$£137,350
t"
In "the
•
employees
may
$322,099,
or
first
half
President,
Sayre,
cents per
14
revenue
units in each
The
-
the
30,
in
the
1947.—V.
to
the
of
gross
160,
p.
oDerating
1947'
of
be
the
corporation
total
2,223,555
built
automatic
296.000
production ■> for
1946,
166,
S.
Judson.
July - 20:
Production exceeded 50,000
months of March, April, May and June, he said.
on
units fn
materials,
its
of
balance of the year plans to produce double
outout of ironers and four times the number
the
in
months'
six
dryers.—V.
p.
258.
Bethlehem Steel Corp.
(& Subs.)
-Earnings—
1947—3 Mos.—1946
Mos,-
1947—6 Mos.—1946
8
8
$
*
2 223.555
Net
bl'lings
.
ductings
2,223.555
$1.74
-
$0.96
the sale of assets
-•
,
The
revenue
265,894,674 196,266,411 503,420,117 338,386,013
before de¬
income
Total
-
shown
items
23,838,204
23,916,604
62.271.843
889,312
541,737
1,77C',054
1,333,713
...
5,659,926
5,377,660
11,004,400
10,133,353
taxes.
22,338,966
17,997,207
49,489,332
22,801,
9*930.000
3,550,000
20.590,000
3,550,
12,408,936
$3.61
14,447.207
$4.29
28,499:392
$3.45
19,251,6$5.:
Int. and other charges..
•Prov. for depletion and
depreciation
$1.02
before
inc.
Net
Prov. for
amounting
Net income
sh. of
Per
•Other
non-recurring profit is in¬
for the. quarter ended June
34,268.722
taxes based on
income
for period
com.
stk
on certain equitement provided for lhrou(
operating expense.)^—V. 165, p. 2267.
than depreciation
charge to
50.
Locomotives—
This company has just purchased 13 big mountain tvpe locomotives
from.*,the Boston & Maine RR., it was announced on July 29 by Roy
B. White. President.
Delivery will begin within a few days and will
Baltimore &
.'•■•'
production of ironers approached 20,000
half-year period, and 10.000 dryers. Depending on
company
first
share.
$11,235,014.
i
Appliances, Incr—Output Increased—- :
company's
same
the
*
gross
amounted
'•
the" stock with -the- intent'to
•
'
operating revenue of the company and its sub¬
sidiaries for the quarter April 1 to June 30. 1947, amounted to $6,121,067;
for the six months to June- 30,
1947, such gross operating
NOTE—The
purchase
•
approximating the
announced
washers,
'
$2,272,775
period •$3,862,348
•
.
a
common
165, p. '2922.
fce'.ow
non-recurring earnings from
Includes
to
$4,475,008
to reserves
written off
profit
With SEC—
latter of notification with the SEC
stock to be- offered to certain key
employees -of the- company under-an employee's stock purchase plan."
The
stock will be offered
at market without formal
underwriting.
The
for
1945
1947'
during period
Net
1946
*
Federal taxes
costs
shares
$
2,858,650
Operating profit after
ap-
would create a new Delaware
Inc.—with 523,232 shares of $1
of the present Connecticut cor•poration would be acquired-on a share-for-share basis.
The
remaining shares of the Delaware corporation, amounting to
114,532 Shares, could be Issued as a dividend by the directors without
further action by the stockholders.
The management stated, however,
that it has no present intention. of using these shares representing
increased capital surplus as a dividend.
"This is not an assurance
that such Increased capital surplus will not be used at some future
daT'1 as «, fund for pavment of- dividends," the letter continued.
The
directors
propose,
in the recapitalization plan, to effect", the
-purchase of the Connecticut corporation at the close of business* Dec.
31, 1947.
Shares of the new Delaware corporation would be applied
for listing on the New York Stock Exchange.
The present manage: merit
would continue with the pew corporation.—V; 164, p. 3162.'
%
258,
Deductions for additions
be
'
—
Ended June 30—
to
Heminway Co.,
The
Barnsdall Oil C<r—Earnings—
6 Months
and
corporation
amendments
plan
recapitalization
stock.
value
par
"
1947
■—-
—
meeting to change
Delaware
.
proposed
The
Drll,713
profit
tNet
a,
Connecticut Legislature -Which meets once every two
by approval of holders of two-thirds of . the company's
J. P. T. Armstrong, President, in a letter to stockholders, said
charter.ruies made amendments a cumbersome, time-consulning
corporation—-Belding
124,040
$18,500,000
789,123
t$82,132
Earnings per capital share
;—
$0.40
N1
tAfter taxes and charges.
Provision for estimated Federal, income
taxes amounted to $483,655 in 1947.
tLoss. §Not available.
Net profit for the quarter ended June 30, 1947, amounted to $408,429
after all charges and prodiving for estimated Federal
income taxes.
Unfilled business as of June 30, 1947,
approximated $24,000,000.*—
Sales
at a special
22
Into
capitalization.
Connecticut charter
requires
bv the
followed
process.
,
301,733
1584.
Ended June 30—
August
company
company's
the
present
'proved
vote
Connecticut
increase
The
227,336
409,937
Steel Corp.—Earnings—
Barium
964,906
,
p.< 50.
166,
Bendix Home
6 Months
4,110,632
640,839
Reorganize—
present
the
„
———
zation
6,932,248
3,024,529
v
258,417
124,040
$1,484,816 $1,397,064
restaurant acquired in 1944 (in process of amorti¬
Total
996,030
'
406,028
227.336
———.1—
—^
stock
Treasury
202,730
530,160
141,798'
37,800
contingencies, 'ete...
for
1,927
207,763
—
Coimnoir
100,039
100,990
——
—T--.—
5% sinking fund
stock-
15-y.ea«r
$421,527
95,015
8,717
212,319
36,763
2,530,583
1,176,035
stockholders will
The
.
$709,001
■
-
Accrued
;
$1,484,816
——
——
„—
LIABILITIES—
Reserve
L__
—.a—
Accojunts-
•
BALANCE SHEET
5,755,989
4,945,778
•
2,178,273
income—
oper.
Belding Heminway Co.—Seeks Delaware Status—Also
-
June 13,'47 June 14/4.6
$619,615
—
-Inventories
results of
■
Cash
S.
$1.03
..
ASSETS—
U.
$1.00
4,797,343
railway-—
railway--
from
Net
124.040
wholly-owned sub¬
for months of January to May
Restaurant, Inc.,
sidiary, Alexandra
inclusive.
.
from
■Gross
•Deficit—V.
124,040
—_
income—.
oper.
Plans to
——-~T
railway—,
railway
From January 1—
u
—
Ry.—Earnings—
1947
from
Net
.
& Western
Sour Lake
Beaumont
Bingham Stamping
-
1,000
Co.
subsidiaries)
wholly-owned
(Incl.
6 Months Ended June 30—
$127,849
profit'
Common Shares
cluded
1,000
5,013,681
—
—
—
$2,355,176
907,693
1,241,263
'
&
'
Inc
Herbert W.
Sutro
9,283,674
Act
taxes-
-•Deficit.—Vj
1,427,852
~
taxes-
income
Net
1,000
Chicago
5,237,727 •16,690,163
3,013,040
2,597,293
Cr8,729
a/c Railroad Retirement
from
$2,767,148
1,144,085
—
—
(net).^
*
for
Provision
underwriters and the respective
stock to be purchased by each are as
'
No. of
Alstyne Ncel
4,580,909
Period End. June CO—
Shares
Van
3,870,973
1,657,230
Net
operations
from
income
Other
*
fiscal
763,148
*597,923
funded
on
2,612,763
$201,675
Profit
.
PRESENT
TO
EFFECT
GIVING
CAPITALIZATION
8,047,545
Railroad Unemployment Insurance Act
14, '46
June 13, '47 June
«
.ij_-—
of
Accrued
-
.
648,040
8,679,722
income
tax
a/c
Gross
'
^from
667,707
1,337,884
643,606
$195,211
'
Ended—•
sales
sales.-—1—j--Operating and administrative
—
72,882 shares of common stock (par $1) at $32 per share
by Van Alstyne Noel Corp. . and associates. The issue has
been oversubscribed.
Further details follow:
y
COMPANY AND BUSINESS—Corporation, incorporated in Massachu; setts in 1925, is one of the largest manufacturers of plywood packing
cases in
the United States, and by reason of the purchase of Maryil
Package Co. and its subsidiaries late in 1946, is also one of the leading
producers of fruit, berry and vegetable baskets and packages^ made of
-single-ply -veneer and wooden trays and crates.
Company and its
subsidiaries perform a completely integrated process of manufacture
73,024
120,773
June-
COMPARATIVE
Stock Offered — Mention was
issue of July 28 of the offering on July 25 of
Atlas Plywood Corp.
415,024
62,217
131,759
income
Gross
2,188,795
•$572,345
595,386
.
.
income-
oper.
ry.
4,700,000
$29,273
facil. rents
& jt.
'
Net
5,700,000
600,000
800,000
Taxes
Equip.
1947—6 Mos.—1946
$68,164,100 $65,473,726
57,658,252 59,524,207
2,607,5751
*2,908,324.
505,345
i
•Cost
RR.—Earnings—
1947—Month—1946
$10,537,319 $9,701,965
9,426,683
9,337,018
30—
revenues
3,503,442
Total
_'i
-----
(2)—Results for the
24 Weeks
Atlantic Coast Line
,v
3,257,924
18,871,153
-
469,013
...
....
_
Operating
716,295
1,696,903
942,285
—
•5,515,899)*
1,216,307
int.
P'ederal
Aviation Press, Inc.,
Net
!/
882,607
948,745
tlncludc:
Tenafly, N. Y.—Files With SEC-^
The company on July 28 filed a letter of notification w.th the SEC
•for 30,000 shares of common stock (par $2), to be offered at par, The
proceeds to be used- to liquidate bank and commercial loans . and
provide additional working capital. There are no underwriters named.
$60,000 Notes Offered in 194$ Withdrawn—
L. H. Rothchiid on Aug. .27, 1S45, offered $60,000 6% .10-year con¬
vertible sinking fund notes.
The offering subsequently was withdrawn
and the issue cancelled.—V. 164, p. 1863.
258.
p.
15,613,229
1,449,553
on
Excise
$5,106,326
$510,993.
to
i
980,611
-
-
-
1947
Net
Gross
202,569
$323,270
railway
railway—...
oper. income—
—
704,656
159,273
from
'
5,162,431
^
.i,
160,940
deductions
Net
first half of 1S46 are not comparable sinci
operating results of Crosley Corp., New Idea, Inc., and
American
Central Mfg.
Co.,. whose assets and
businesses were purchased in
November,' 1946 and are now operated as manufacturing divisions of
the
corporation, were not included
in consolidated net sales and
earnings as reported for the first six months of that year. _
NOTE (3)—The company's equity in undistributed profits or losses
of Consolidated Vultee Aircraft Corp. and New York Shipbuilding Corp.
is not included in consolidated income.—V. 165, p. 3390.
—
from
Net
tax—...
—
—
amounted
NOTE
$126,504
53,231
....
—
____
June—
Gross
-
■——•
.
income
Federal
income
period
1946
$142,039
—-
from
Atlanta &
Cr590,502
1947
railway
Net from
railway.
Net ry. oper. income
—V. i66, p. 50.
•
133,169
2,561,157
r
income
Cont'ng.
$3,175,330
.Common shares outstanding——
—6,613,424
Earnings per common shade after pfd. div. requirements-. .
$0.44
NOTE (1)—Provision for depreciation charged to income during the
Net
17,639,04$
/From Jan. 1—
Gross
for
Provision
9,685,784
1,218,818
funded
1947
$50,747,235
40,478,473
administrative expenses.
income
Other
13,205,454
1,071,198
debt
—
.
6,271,310
123,685
debt
MONTHS ENDED MAY 31,
—
—
general and
30,838,626
1,712 260
debt—
Aviation Corp.)
The
2,977,496'
317,061
funded
Subs.)—Earnings—
(&
Corp.
Profit
■Earnings—
...
5,389,180
F;xed charges other tna;*
int.
...
20,757,858
.
railway
railway-...
oper. income
from
$749,551
Tctal
Tax
18,467,267
2,551,111
Gross from-
$1,056,177
sales
of
Selling,
22,019,323
June—
Net
Cost
--
Andrews Bay
Atlanta & Saint
$1,467,904
'
'
INCOME FOR SIX
sales"
Net
...
Cr786,190
3,082,123
2,873,034
income
•Net
4,195,699
f>r292,393
3,375,590
incomel
oper.
ry.
26,338,750
4,446,205
Dr578,147
credits.
or
$2,197,921
CONSOLIDATED
207,35.1,677 196,209,591
157,908,672 149,999,346
28,209,867 26,042,889
33,908,965
36,060,280
27,660,338
revenues.
expenses.
accruals.!
;,Raihvay' tax
220,97.9
.'(Formerly
24,607,127 174,326,323 139,346,353
21,629,631 143,487,697 133,075,043-
'
income-
oper.
ry.
Other in e ome p
*
■*'
■
*.,931,074
.61.1,00.0
Avco Manufacturing
Ry.—Earnings—
and Panhandle & Santa Fe Ry.)
1947—6 Mos.—1946
<6
1947—Month—1946
Period End. June 30—
2,695,714
263,133
36T.
p.
-
will vote Aug. 22 on increasing the
common stock from 750,000 shares, no par value, to
$10 par value,
two new shares to be issued in exchange
mo par share held.—V. ■ 165, p. 3274.
(Includes Gulf,
•
1,500,000
income
MONTHS
1947—6 Mos.—1946
$
$
'•»
2,377,793
from ry. opers.
F.xed interest on
$1,222,841 in 1947 and
stockholders
The
N-ct' ry-.
$
'J
'
Misc.
Net
-V. 166,
•
■
SIX
*
1,146,250
i
expenses
1Ry tax accruals—-—
Equipment rents (net).
Jt.
iao.l-ty, ronts
(net)
33,363
$
30,168,693
24,779,513
revenues
oper.
oper.
'
Net
surtax
and
$0.79
Split-Up Stock—
Investment Co.—To
Associates
"
108,645
r'
,40,401
tax
income
Normal
common
per
26,882
Ry.
$2,944,127
(net)
Excess.prof, tax
$244,110
310,000
$182,863
$4,081,517
-
FIRST
1947—Month—1946
.
*
Ry.
income:
on
'
AND
JUNE
FOR
EARNINGS
■
4
2,261
,
$3,975,440
r
106,077
/
732,329
Common
•Earnings
for Fed. & Domin.
taxes
$976,439
*21.908
$260,676
:
income
' shares
...Net
deducts, from inc.
$3,770,514
72,593
Prov.
1945
.
$304,771
$428,788
(est.)..:.—168,112
income taxes
for
Prov.
taxes
income
before
Profit
1946
'
.
$2,903,725
$3,252,036
77,924
income..
income
Gross
"
$3,036,313
215,722
$3:692,590
other
Total
Corp.
day3.
'
516,083
-
2,478
*
__1
profit
Net
$13,184,014
9,761,943
few
next
the
583,721
709,689
474,718
doubtful accts\
Prov". for
over thp last week-end the Baltimore
of 12 units of a 14 unit order for
locomotives placed soma months ago with
The remaining two units will be delivered within
delivery
Period End. June 30—
Selling, 'general & ad¬
ministrative
expenses
the SEC
$23.25 a
■
Electro-Motive
•
$16,117,670 $15,152,812
12,371,667 10,591,171
etc.
$16,300,052
of sales—
12,132;743
allowances,
received
RR.
Diesel-electric. pas'Ser.gcr
1944?
1945
'
1946
Mar. 31, '47
».
I.—Files
Providence, R.
Co., Inc.,
Arnold, Hoffman &
With SEC—
Ohio
&
Years Ended June 30,
9 Mos. End.
White also, announced that
Mr.
STATEMENT
INCOME
CONSOLIDATED
Inc.—Output—
lor the
increase of.
corresponding
American Water Works & Electric Co.,
Power
output of the electric properties of this company
"■week ended July 26, 1947 totaled 894,916,000 kwh., an
13.40%
over
the output of 83,706,000 kwh. for the
week of 1946.—V. 166, p. 366.
Monday, August 4, 1947
commercial & financial chronicle
the;
2
Ohio RR.—Buys 13
The
change
The
on
)
3
the
'
1
name
comoanv
July 1,
completed in two weeks.
Co.-«—Plans to Change Name—
Aug. 21 on apDroving a proposal
of this corporation to The Bin"h«m-Ferbrand Cor
was merged with the Herbrand Corp., Fremont, Ohi
stockholders ' will, vote
■'
*1947.—V. 166, p. 154.
V
1
•
Volume
166
Number 4617
THE COMMERCIAL &
FINANCIAL CHRONICLE
(463)
Bessemer & Lake Erie RR^-Earnings—
June—
Gross
1947
from
Net
from
Net
ry.
railway
(P. II.)
1945
1944
$1,514,961
$2,083,721
$2,261,676
1,427,831
566,108
737,252
936,894
974,092
710.01J
533,455
633,801
income—
Net
Gross
from
Net
ry.
railway
railway-l.-—:.
income-—,
from
Net
9,846,327
"Deficit.—V.
166,
4,661,981
8,576,479
3,753,387
oper.
"721,102
958,962
3,218,710
364,503
Profit
■Capital
Earnings
5
1,695,840
Discounts,
Loch
outstanding
share—v
per
■
.
1946
$1,382,283
1,344.843
;—;—
$0.78
tAfter all
reserves,
';
Shipments and billings for the
$25,682,668 and unfilled orders of
first
six
June
months
of
1947,
were
30,
The
company
pleted
of
of
during
contracts
war
$3,254,798,
contracts.—V.
war.
that
announces
renegotiation
government
of
and
$166,404
84,217
73,589
and
concessions—
other
income
68,998
depreciation
$446,260
and
165,
that
the
for
second
1945
this
quarter
by
of
store
est.
The
58,722
.
per
—
-
state
inc.
taxes
1,850
163,030
"Consolidated
with
George
road
$1.41
wholly-owned
subsidiary.—V.
165,
as
$1.00
all
com¬
to
12
ihe
Months
Operating
adjustments
Ended
June
30—
a
*
will
Blumenlhal & Co., Inc.
Period End. June 30—
Operating profit
Deprec.
on
plant
Provision
Net
$801,920
$226,940
$1,281,843
52,365
105,813
275,068
38,679
436,172
"$52,879
166, p.
$474,436
$82,449
$1.95
$0.23
$3.01
5,303 128
Joint
rents
fac.
Net
(Dru_
(Or)
27,005
income
ry.. oper.
Other
258,291
—
income
1947—6 Mos.—1946
„■
25,878
158,375
income
$2,985,929
401,763
.Gross
.Net
$541,034
$64,068
294,247
320,862
1,791,273
•1,955,485
"$256,794
$1,596,419
income
"Deficit.—V.
166,
from
ry.
/
(&
Period End. June 30—
Net
after
earns,
Federal
TNet
taxes
profits
"Earns,
on
2923,
942,990
of
951,000
*
$724,874
.:
stock
v.
-$467,040
June—
Gross
The
-
liquidating value
$16.95
per share.
This
From Jan.
1, 1930,
Corp.—Report—
the
of
capital
with
compares
through
split-up) the
June
stock
$18.25
•/
*
June
on
at
the
30,
end
1947,
of
was
two-for-one
$14.27
to
$16.95
1946
"65,747
"86,068
"115,975'
"
•
ry.
'
,
1,062,762
from
ry.
In
.
1944
EARNINGS
U
.*
,
Interest
FOR
SIX
MONTHS
ENDED
1947
.
JUNE
1946
income
166,
"625,655
$120,595
income
Total
$177,512
$415
income
$5,172
expenses, etc.—"
"70,368
"50,732
*116,566
"90,331
to
$145,332
$142,594
<
166,
a
681,337
26,838
21,123
"378,953 *
$121,472
be
170,451
128,793
109,074
income
tax
in
respect
STATEMENT
-
and
OF
of
"547,097
ASSETS—Investments
in
$10,300
the
•
-
$12,399
$2,113
unclaimed
able
to
LIABILITIES,
stocks—at
JUNE
30,
market
1947
value
1947
Net
ry.
15
income—_
Gross, from
Net
railway
railway
from
ry.
"Deficit.—V.
166,
activities
from
Net
Net
92,208
Net-,
46,212
Prov.
1,630,648
1,326,275
659,136
470,710
125,806
365,741
245,342
profit
Earnings
share
'"Estimated.
i
-or
For
the
33
first
cents
a
quarter.
the
2,651,953
4,980,000
'
"
share,
•
Dana
135
June
against
income
Gross
the
Quarter
William
of
this
American
Union,
On
year.—V.
net
or
sales
quarter
Financial
La
for
1945
561,315
24,246
5,000,000
$0!004
5.000,000
$0.11
of
payment
of
15%
,
of
>
per
1945
74,342,059
as
165.
20
and
profit
cents
d.
a
service
compared
was
■
"78,532
The
be
the
SEC
which
$1,645,36G
share
in
activities
with
the
was
$13,558,706
Chronicle
254*'..
(Reg.
Divs.
SEC
required
rights
asserted
of
for
that
waiver
a
stockholders
of
of
holders,
of
was
Central
10%,
pre-emptive
this
Com.
■
1946
1945
1944
$9,318',435
$7,807,325
$7,807,325
3,130
8,547
$9,326,982
$7,807,325
$7,807,325
13,757
467,000
468,000
S.
.
than
Fed.
13,191
inc.
531,000
$8,782,655
—
13,417
703,000
$11,635,269
for Fed.
tax
S.
Patent
stk.
r'
l
525,000
11,100,000
divs
525,000
8,100,000
increase
per
in
$10,259
6,694
$7,326,568
525,000
6,600,000
$7,332,631
sh
com.
$201,568
$207,631
$157,565
$75.07
surp._
$55.05
BALANCE SHEET, JUNE
30,
,
Central
525,000
6,600,000
$45.35 '
$45.33
1947
"
>
ASSETS—Cash', $421,956; U. S. Treasury notes—Tax
Series 'V" (at
$1,200,000; investments in common
stocks, $50,596,609; total.
$52,218,566.
♦
cost!,
the
will,
time
it
of
is
Virginia
•
on pfd.
stock, payable July 1, 1947,
$262,500;
$1,320,740; 7% cumulative
non-voting pfd. stork
(par $100), $15,000,000; common stock
(par $100), $15,000,000;
surplus,
$20,635,326; total, $52,218,566.—V. 165, p. 2795.
Federal
said,
more
oppose
than 10%;
Inc.—Earnings$635,470
$676,326
$734,346
79,121
95,492
141,204
283
1,234
58,077
4,733,457
3^727,989
812,335
191,511
4,120.310
4.380,459
52,721
474,005
"534,908
928,061
"42,969
is
of
expanding
An
area.
the Dodge
its
addition
Division, on July 31
manufacturing activities in
announced
the
West
is
being made -to a plant adjacent t>
Chrysler's parts plant in San
Leandro, Calif., in order to provide for in¬
creased assembly facilities for
Dodge passenger cars and
Dodge trucks.
The
new
facilities will
consist
of
a
190,000 square foot
building
.which is now on the
property, plus 102,000 square feet more which,
1944
205,173
tax,
Colbert, President
Dodge
Coast
1945
income
Chrysler Corp.—Dodge Unit to
Expand;—
L. L.
that
$848,942
railway
railway—.—._
oper, income—
166,
p.
373,043
will
be
added
it.
to
■
•
taxes
outstdg.
Earnings per share
effect
to
1947
1946
$251,573
142,000
100,000
$220,861
200,000
100,000
$0.82
(less
reserve
for
depreciation),
•superintendent's
May,
$1.10
1946.
,
shares
at
$1,265,231;
charges
no
par
D.
51.
ry.
"$0.76
From
Gross
York,
per
■
B.
Dana
investment
to
fixed
in
mill
*
ry.
N.-Y..
vear.
remittance
under-the
Other
for
a
railway
railwayincome
around
.
.
when
the
new
will
facilities
1946
Ry.—Earnings
1945
1944
$2,738,116
$2,458,036
$2,899,444
839,784
$3,101,722
526,376
924,331
368,383
1,172,620
446,653
290,130
16,968,184
13,863,360
5,453,631
2,885,548
2,949,936
1,587,071
17,951,545
6,367,981
2,289,205
381,220
19,105,21
7.861,78
2,518,24
1947
from
1946
1945
1944
railway—_.
railway—
$1,428,019
$1,054,138
637,137
$1,234,220
402,911
$1,134,805
ry. oper. income—
From Jan. 1—
624,328
582,239
314,150
57"? FRi
527,195
472,423
8,950,346
6,024,554
7.330,124
4,294,407
2,314,944
7.957.861
3,686,198
3,833,424
3 887 378
1,677,434
3,031,231
3,138,261
from
.Net
•
Gross
from
Net. from
Net
ry.
railway
railway
oper.
166.
p.
income—
52.
Publishers, 25 Park Place, New York
8, N. Y., REctor 2-9570..
Herbert D. Seibert, Editor
and
[every Thursday (general news and
Publisher;
advertising issue) with a statistical Issue on
E. C., England, c/o
Monday].
Other
Edwards & Smith.
Copyright 1947 by William B. Dana Comoany.
of March
3,
1879.
Reentered
Subscriptions in United States, U, S.
Possessions, Territories and Members of Pan$42.00
per year.
subscriptior
s
be
are
Clinchfield RR.~
-Earnings—
week
Act
operation
plant
52.
p.
London,
Countries.
foreign
income
oper
166,
Gross
-Net
Company,
twice
railway—.
June—
future
payable,
Gardens,
that
January 1—
from
—V.
_
from
Net
$25,000;
common
stock
shares), $2,000,000; surplus, $1,344,849;
total, $6,213,998.
Published
Drapers'
from
266.
railway—
oper,
Net
bonds
cost), $13,505;
applicable
from
Net
'
(banks), $750,000; accounts
payable,
$1,849,637;
accrued
wages-taxes-commission
(est.),
$23,032;
Federal
income tax (1946),
$121,481;- provisions for Federal income
tax, 1947
-(est.), -$10G,00u;
reserve
for
contingencies,
] RR.
p.
1947
from
Net
$l,8E-'0,263; mortgage receivable,
life insurance,
$117,883; inven¬
house, $6,715; deferred
operations, $79,434; total, $6,213,993.
(200,000
moved
166,
Cincinnati New Orleans & Texas
Pacific
$151,573
200,000
1947, $21,000; cash surrender value
tories, $1,650,777; treasury stock (1,075
and
June—
Gross
$165,147
split in
-
.
time
1945
$362,861
par)—i—
2-for-l
,
expanded
100,000
—
—
the
of
...
present
ready.—V.
Inc.)
$265,147
—
the
Dodge passenger cars and trucks
are
being as¬
sembled along
with Plymouth passenger cars
in
the
company's Los
Angeles assembly plant.
The Dodge part of
this
Inc.—Earnings—
Century Factors,
(est.)
(no
employment
people.
At
CONSOLIDATED BALANCE SHEET
JUNE 30, 1947
ASSETS—Cash in banks and on
hand, $1,159,789; U. S. Govt,
(at cost), $19,400; accounts
receivable,
assets
800
*
—————-—,
shs.
Projected plans call for the eventual
assembly in these new facilities
approximately 150 Dodge passenger cars and 80
Dodge trucks a
day on an eight-hour day schedule and
the
of
51.
profit—-'
Fed.
profit.—
Office). William
year; in Dominion of Canada,
$38.00
fluctuations in the rates of
exchange,
income
Net
deben¬
1946
1
'
$12,348,330
U.
hearing
the
of
rights.—V.
LIABILITIES—Dividend
States
at
by
voting
vote
Co.—Earnings—
1947
stock.
Pfd. stk. divs
.
by
bfr
may
stock!
direct
to
requested
approved
the
affirmative
an
received
on
other
Earns,
distribution
debentures
from
for
Com.
—V.
U.
80,752,431
23,401,1.0
11,850,393
stated.
three-fourths
368.
reed,
Net
corpo¬
110,057
LIABILITIES—Notes
■
1944
83,662,772
22,476,558
11,145,437
6,692,004
pre-emptive
in
taxes
'
the
income
operating
Net
,
President; William D. Riggs; Business
Manager..
St., Chicago 3, 111
(Telephone: State 0613); 1
February 25, 1942, at the post office at New
the
that
waiver.
common
Exps.
165,
.
the
the
on
the
30,
(Including
Salle
$35.00
account
offered,
case
Bank
Y.—V.
—V.
and
Seibert,
S.
the
,91,006,587,
from
N.
-
30,- 1947,
second
second-class matter
KOTE:
$0.53
—„
'
ended
Commercial
offices;
as
____!
during
first
The
•
1946
,
$16,641,294
in
'
quarter
the
on
railway
railway—,—_
"Giving
$30,200,000 $21,211,638 $17,417,821
'
per
a
clue
Capita.1 shares outstanding
-
initial
Six Months Ended June 30—
-
services
_•
,
holders
'
-
&
National
York,
1954.
debenture
added
oper.
ry.
93,826
426,059
r__—,
Net
of
from
159,647
1947
sales
for
1944
Burroughs Adding Machine Co. (&
Subs.)—Earnings—
income
1946
.
Gross
$244,555
6 Mos. End. June 30—
Gross
Chase
New
From Jan. 1—
1945
50.
p.
The
Street,
1947
from
$351,112
1,604,501
An
from
ry.
-
.
at
par
Richmond, Va.t
make
Century Ribbon Mills,
"48,932
•
June
Net
the
327,622
income
oper.
of
Net
79,750
.1,821,085
—
at
Broad
March.
'-"Deficit.—V.
From Jan. 1—
"Net
5M2S
bankruptcy trustees
Gross
$306,865
22,549
to
June—
24,358
•
railway——76,787
cper.
11
Central Vermont Ry.,
1946
$314,307
•
made
bankruptcy estate had cash of
$1,546,825.
To
approximately $530,000 received as dividends
early in July from the investment. in
two
subsidiaries, the American
Cities Power & Light
Corp. and the Blue
Ridgey Corp.—V. 165, p. 3281.
Burlington-Rock Island
RR.—Earnings—
railway.—.
and
distribution
As
payable, $217;
accrued
liabilities, $6,495;
$89,176; total, $95,888; net assets applicr
outstanding shares of capital stock, equivalent to
share, $8,164,667.—V. 165, p. 3163.
<
from
1948
jthis has been
by 54 firms; 1,500 was the largest
sale,
smallest.—V. 165, p. 2408.11 /
-.
■
■'
from
last
The
any
dividends payable,
June—
of
committee
court
,
banks, $549,795; dividends receivable,
stock sold; $14,200; special
deposits for
108 pur¬
Net
1,482,478
2,428,530
368.
p.
provides
any
»•
(cost
in
chases
Gross
5s
Boyce
Brooklyn Union Gas Co.—Special
Offering—A special
offering of 18,300 shares (no par) common, was
effected
on
the New York Stock
Exchange July 24 at $20 per
share by Hallgarten & Co.
Commission $1.
The offer¬
ing was completed in 19 minutes.
There were
i
6,913,627
1,150,280
$12,351,460
on
Sterling Hutcheson of the Virginia court
has set a
the-application for September 29.
This, if approved, will be the second
distribution on the
States
debentures.
481,532
per
be
York,
bankruptcy ^trustees
...
.
'LIABILITIES—Accounts
'$16.95
296,520
"482,830
83,029,922
11,688,037
3,408,407
Treasury notes
Jiidge
•
capital
total, $8,260,556.
$89,165;
876,917
"260,752
51.
p.
166,
publicly
the
—
Inter,
on
to be taxed as a regulated
have no liability for Federal
should
AND
receivable for
dividends,
-
.
common
cash
107,513
6,365,842
2,035,610
Christiana Securities
Redemption—
,
to .elect
income.
net
ASSETS
$5,680,985), $7,586,635;
$20,760;
such
as
"117,722
4,769,070
1
for
The Reeve
committee, representing debenture
ration, has asked the U. S. District Court
at
ture
$19,149
'investment company
"123,947
the
in
p.
"Prov,
$116,203
114,090
1944
224,486
192,573
■
"307,450
"666,017
--
22,175
$118,493
corporation has determined
$1,156,083
204,278
706,050
redemption
on
Sept.
1,
next,
for
fund,' $200,000 of its 3 % sinking fund deben¬
will
New
1945
$909,195
18,180
$14,413,407 $12,456,838 $14,960,816
$14,204,516
2,324,660
1,758,193
4,551,811
4,524,791
income—
945,843
753,395
2,086,106
2,U4U,9h6
two-thirds. should
Central States Electric
Corp.—Debenture Holders Ask
for Payment of 15%—
*
"The
of
Ry.—Earnings—
1946
6 Mos. End. June 30—
2408.
p.
$138,377
"
26,210
Surplus
City
Louisville
7,300,170
railway
plan
approves
133,206
$151,302
"Net inc. for
period
Dividends
paid
!__j
Payment
the
&
v
$177,512
r_
General
$145,332
of
495,073
1,416,102
supplementary
waived
51.
p.
company
has" called
of the
sinking
tures.
1944,
142,179
______
Dividend
30
1945 "
'
487,156
$796,924
'
railway
income
that
The
v
"468,714
"769,929
'
Central Soya Co., Inc.—Partial
The
account
215,560
58,552
oper.
a
Income
•-
441,459
!_
166,
.
28.6%.
97,958
3,529,704
report filed July 25 in Federal
Court, the SEC
plan submitted by the trustees of
the company for
the company would be
fair, equitable, and
a modification
feasible, it
is made relative to
preemptive rights of stockholders'.
These pre-emptive
rights should not be subject to
waiver or at
most the waiver should
be confined to instances
where new securities
are
'1945
$105,454
783,685
"267,924
income.
oper.
92,279
3,330,476
1,220,882
railway
oper.
stated
$5,167,000
>
railway..
"Deficit,—V.
-
105,429
2,513,080
Childs Co.—Would Alter Plan—
Vermont—Earnings$130,645
Net
30,
share
per
or
283,939
reorganizing
"24,287
from
1944
$639,207
$1,183,237
inebn^e
"Deficit.—V.
1946
$5,947,000
railway—:
oper.-income—_
Net
ry.
Net
7,961,403
1947
:
railway
1946.
6,421,922
21-
from
From Jan. 1—r
Gross from
1947, (after adjustments for
liquidating value increased
18.8%' and, -after adding back $2.90
per
share of capital
gains distributed during the
period, the total- gain
was 39.1%
During this same period the general level of common stock
"prices as measured by the Dow-Jones Industrial
stock index declined
the
from
1,432,959
1947
ry.
1945
$632,506
283,118
1947
from
Net
150,825,408 139,451,605
144,403,486 131,490,202
21,720,229
$195,812
Net
Ry.—Earnings—
From Jan. 1—
railway—.—
Net
and.
673,415
railway-
oper:
Gross-from
1947—6 Mos.—1946
.
23,153,188
1,768,689
—
:
from
years,'
1946
June—
i
Canadian Pacific Lines in
:
;
19
"
from
Gross
..
'
Broad Street Investing
$
.
earnings c_
166, p. 367.
last
Richmond,
Chicago & North Western
Ry.—Earnings—
952,200
Ry.—Earnings—
26,465,114
earnings
the
and
368.
p„
Net'from' railways
$0.44
outstanding.—V. .165,
2273.
"535,939
1947—Month—1946
.
,
Week Ended
July
—V.
-347,000
$1.50-
-
i
Marquardt has served
for
Chicago
79,537
railway-
"Deficit.—V.
51.
p<
Traffic
-$814,040
$1,462,169
$0.75
.common
"195,467
"410,033
Working expenses24,696,425
1947—6 Mos.—1946
$2,413,169
$0.35
-
•
shares
■
'
Net
,475,000
"39,297
"626,829
Feriod End. June 30—
*;
$1,199,874
~
."•$327,630
*
com.-, shr._f
per
"/"Based
pp.
$553,630
inc,226,000
166,
Gross earnings
subsidiaries)
1947—3 Mos.—1946
chgs—
on
'"270,446
income—
Canadian Pacific
V
Subs.)—Quarterly Earnings—
(Excluding unconsolidated
1,206,500
"242,390
"564,728
Net
Net
■
Bridgeport Brass Co.
/
.
1,069,700
Mr.
Chicago
in
3,859,259
1,258,794
,
railway.—_
from railway
ry. oper. income—
"21.820
"71,454
railway
oper.
in
offices
1947
from
Net
41,960
"25,833
$1,087,290
.
;
$156,700
"17,003
"66,820
1,002,400
railway—.
t
258.
p.
$3,387,692
$220,800
"55,700
"104,957
the
176,136
income
51.
p.
from
Gross
1944
$165,600
$153,000
income.—
"Deficit.—V.
"$868,195
etc
from
Net
648,084
$246,787
Rentals, int.,
oper.
1945
of
department, built from the
department, setks to serve export
From Jan. 1—
England—Earnings—
1946
Manager
This
$602,448
_■
.
oper.
ry.
General
160,356
income
June
Gross
trustee
$578,301
Chicago Indianapolis
173,753
$405,195
From Jan; 1—
$439,206
92,637
railway—
railway
from
ry.
20.
16,
railway.
railway.!/
166,
Net
from
Net
Net
"$28,569
97,223
______
152,902
1947
Net
130,340
$443,811
L
8578,948
$500,964
165, p. 3391.
-Gross
.
Grcss
stock.
ry.
—V."
•
June—
.
$5,888,016 $40,985,720 $36,901,770
5,219,952
32,176,018
31,941,112
450,757
4,135,096
2,815,412
219,998
1,530,302
1,575,700
722 21Q
rents
$653,866
Canadian National Lines in New
1947—Month—1946
$6 754.445
Taxes
Equipment
995,912
Net
RR.—Earnings-
—
from
from
.
Balnce
-V.
named
Freight Agent
supervision over
in Detroit.—V.
oper.
Net
$1,534,860
443,043
named
'
department
to
be
established
oil
York, N. Y., Robert J. Bowman,
From Jan. 1—
$1,036,909
Net income
Dividends on preferred
July
railway
railway—
from
ry.
Gross
been
1947
Wet
$741,120
Nil
1j Period End. June 30—
Operating revenues
Operating expenses —'
24,724
-,
on
from
Net
$1,510,136
12,410
income
Deductions
155.
Boston & Maine
$1,084,469
104,550
"42,478
com. share
per
"Loss.—V.
________!
Total
and
taxes—__
income
Earnings
profit
Nonoperating income
1947—6 Mos.—1943-
50,475
for
Gross
Subs.)—Earnings
"$44,381
-
equipment
j
(&
1947—3 Mos.—1946
been
export business.
Foreign
have
Net
/(Sidney)
announced
June-
2,574,669
v.,
N,
New
office
Gross
$4,084,805
taxes.,
per
Named—
has
s
new
1946
$4,529,504
3,445,005
-—
and
expenses
Yck.
Chicago & Illinois Midland
1947
.revenue
Cpuation
New
Equipment Trust of 1947.-
Head
Marquardt
Assistant
He
2542.
p.
Co..
Fourth
existing foreign freight
shippers better and expand
California Water Service
Co.—Earnings—
2542.
p.
O.,
O.
President,
$162,351
151,585
168,933
—
the New York Stock Ex*
on
company's
new
world
commerce
August l with
headquarters in
109,083
$246,274
■
-—-—
share
common
&
Foreign Unit
2,846
and
shares .outstanding..
,
Colonial Trust
tne C.
25,431
2,600
fixtures
Federal
preferred
made
was
Trustee Appointed—
$298,715
31,510
—
mortgage
for
income
Earnings
were
it
payment
concludes
depreciation
on
(par $100)
*
before
-
3
Ohio
change July 29 by Sterling, Grace &
Co., at $101 %
share, with a commission of $1.25
per share.
approximately
$28,000,000.
-
year
profit
dispasal
Common
charges and
this
on
Net
$1.07
.
for
Frovision
$1,432,7*3
1,334,458
1,334,458
!
.
stores
commissions
operating
Interest
1945
"$1,054,064
$1.03
—
"Includes $900,000 transferred from
taxes.
$293,045
from' leased
Provis'on
1947
2—
shares
5,702,586
stock
of
6 Months Ended June 30—
profit
7,667,279
50.
p.
Blaw-Knox Co.—Earnings—
tNet
$5,868,990
•
Income
Net
,
$7,960,324
&
Ry.—Special Offering—A special
offering of 4,240 shares of 3%%
convertible
"June 28, '47 June 29, '46
of
1,470,989
1,463,627
Chesapeake
self-operated stores and departments
sales, selling, warehouse, delivery and
general expenses, excl; of
depreciation
8,987,706
-
Co.—Earnings—
sales,
Ccst
Prom Jan. 1—
■
Butler
6 Months Ended—•
.
$2,561,766
railway
oper.
1943
and
advertisements must be made in New York funds.
(464)
4
•
Inc.—Director Retires—
G.,Turrell, a director and in charge of the company's San¬
division, will retire August 1, it was announced on July 21
R. Palmer, President.
He will continue as a consultant.
Cluett» Peabody & Co.,
,
John
forized
by
V.>
C.
165,
Co.—Bonds Placed Privately
•—The Colorado Public Utility Commission on July 15
authorized the company to sell $200,000 first mortgage
bonds to John Hancock Mutual Life Insurance Co.
ceeds
779,022
858,029
244,612
302,670
388,485
579,674
171,258
134,725
115,999
203,522
182,758
65,588
49,675
railway
income—
30,859
1—
railway
Trom railway
From January
Net
Net
948,349
from
Gross
166,
.—V,
income—
52.
oper.
ry.
p.
Greenville Ry.-
Columbus &
Net
Net ry.
*'25,738
"33,221
838;623
•55,981
817,033
94,134
"129,453
22,063
1—
railway—railway
Net ry. oper. income—
"Deficit.—V. 165, p. 52
from
Gross
from
$132,494
11,336
769,543
4,164
132,558
52,881
Co.—Weekly Output—
Commonwealth Edison
*
week
year
a
past four
the
Ended—
Week
July 26
July 19
~
July 12—
- —
July
166,
$995,976
1.0
the
1946
and
f
of
receive ,as a
owned by, Common¬
declared
will
plan,
Commonwealth will
»
Amort,
Other
37,355
448,259
Cr632
Cr63,243
86,014
DiWs.
After
ifrom
paying all
Weekly Output
remaining assets,
distributed to the common
be
will
time,
to
time
incident to the plan the
expenses
>
Balance
—V.
Dividend Declared,
Subject to SEC Ap¬
Exchange
and
each
to holders of record Sept. 10, 1947.
made on Jan. 13, April 8 and July
1947,
1,
Oct.
also
were
accumulations down to $21.50 per
brought
totaled $9.25
FOR
MONTH AND
Provision
of
Amort,
General
taxes
4,498,771
18,485,836
,451,962
,408,919
28,447,686
26,392,623
4,430,451
56,902,785
51,494,523
1,139,300
13,619,928
14,332,062
63,910
62,389
761,494
104,831
Net
389,409
368,438
3,933,346
]
j
of
___.
of
Amort,
3,663,095
profit from operations
Net
income
Approp.
:
'
•
incl. depreciation
expenses,
.___
Balance
Preferred
Common
Common
.
i
.
.
transferred
dividends
of
705,723
705,740
4,098
1,633,432
2,496,026
2,393,765
—_
to special property
Ralance, before divs. on
corporation
—V. 166, p. 363.
«
.
,
32,314,722
reserve
;
notes, tax series
accounts
trade
in
.
,
:
.
'
4,098
24,025,619
400,000
32,314,722
23,625,619
.
earnings alter
•Based
1947.—V.
V
7';
before
earnings
per
taxes-^—:
taxes
common
:
;
share
1946
$2,240,033
1,475,033
$1.47
$2,825,000
-1,595,000
$L59
outstanding on
June'
company
on
July
SEC
a
registration statement with the
to
pay
off
•
ry.
The bonds will be offered at par. Proceeds will be used
indebtedness- and to finance -expansion of -business.—V.
—V.
U. S. Treasury
interest), $1,208,400;
receivable,
accounts
of the corporation
Light & Power Co.
•
Reserve for
inventory
Co.—Earnings—
fluctuations
.,
$1,211,961
519,739
*, 300,000
1945
1946
$93,777
43,237
1947
—
income taxes
Ine—Output- •
:
^110,531,
514.864
,
$783,607
on
July
30 a.nnpuncedi. that'System
$0j68
5-14.864
.
4,435,753
$0.02
"
•
316,622
26.492.042 25.552.766
5.400.7R3
3.112.000
/
Electric Co.—To
subsidiaries.
includes
3,116,920
2
1,322,837
Sell Bonds Privately—
/
issuance' by Derby to Equitable Life
debentures, due 1957, in exchange
for $4,231,000 of its debentures, including the . 3%
series due in 1954
and the 2%%
series due in 1956. and $913,340 in cash.
'»
•
Of
the cash
proceeds, Derby proposes to apply $438,000 to the
payment of promissory notes, held by Eouitable. and advance $525,000
subsidiaries, Derby Gas & Electric Co.. Danbury
Lierht Co., and Wallingford Gas Light Co.,
Electric
&
Gas
$5,131,000 3%
Society of
the three
to
the
program
$475,959
514,864
'
AQJH "
one-half of reserves
p. 2275.^ - •--- . <
& Bethel
to enable
construction schedules. In addition, the parent
proposes to advance $168,000 for financing construction already done.
Derby also contemplates selling to the public through an underwriter
enough additional common shares to raise about $279,000 in cash.—
V.
their
to complete
them
164,
953.
p.
Detroit Toledo &
Ironton
1947
June—
Net
income
oper.
ry,
RR.—Earnings1945
$977,482
383,861
206,924
railway
from
Net
railway-
from
Gross
From Jan. 1—
ry,
railwayj—
6,781,175
$635 673
199,293
89,098
2.018.777
4.734.074
2.071.099
1,114,145
613,016
120,518
4.860.021
1,713.254
1,646,567
$145,862
158936
4.474.141
3.064.107
income—.
oper.
1944
1946
$570,887
93.325
79,078
railway-—.—-
from
from
Net
1,123,439
166, p. 52.
Devoe &
The
Raynolds Co.,
company
Inc.—Partial Redemption—
redemption on Soot. 1, next, for
for
has called
sinking fund.
$140,000 of 20-year 2%% sinking fund
debentures, due Oct. li 1965, at 101% and interest.
Parent will
be made at the Guaranty Trust Co. of New York, trustee, 140 Broad¬
way, New York, N. Y.—V. 166, p. 369.
account
of
the
Co.—Earnings—
Dixie Cup
12 Mos. Ehd. June
Net
30—
Common
•After
common
class
19<*6
1^
$1,286,487
outstdg.----^—202.666
shares
"Earns, per
-
and taxes——
profit after chgs.
share—
dividend
A
$4.14
$l-988.036
202.686
1<M5
$965 340
202.666
$2.56
$4.65
requirements.—V. 166, p. 157.
Helicopters, Inc.—Files With SEC—
of notification we*
with. the SEC for
5,500 shares of common stock (par $1).
John Nickerson & Co. Inc.
offered the stock at $1.25 per share.
Proceeds to go to selling stock¬
Doman-Frazier
July
25
holder.—V. 165,
a
p.
letter
1998.
Donnaeona Paper
*$50,540
putput^of > eiec- > Earnings pei, common shareAi.-^— v tricity
(electrtcitv: geBeratedwand -purchased)- for '4he',,week o ended 11^After crediting io income
renresenting
Joiy 27, 194Y, amounted Th 184,960,000 kwh.^ eompared^with'180,700,^charged against-operations;ifi prior;years.ji-T. 165,
company
10.667,471
2,006,763
—.
-
307,648
;
,
:•
8.434,300
1,489,607
income
its
of
Assurance
Gross
Corp.—To Acquire Addi-
$392,222
^Tfae
its
On
for Fed. & State
39.291.9q3
3,846,784
;—
railwav_
oper.
The
common
consideration of $1,371,200.
It is stated that the cash
proceeds from the sale of the common stock will be used to pay the
cost
of construction
of additional electric facilities needed in the
operation of Maryville's business.—V. 165, p. 1453.
Prov.
38,054.267
Financing of Three Subsidiaries—
corporation on July 25 filed with the SEC a program having
purpose the partial finaivcing of the production schedules of
The
three
—V,
30—
"723,319
32.586.835
—
166, p. 52.
for
aggregate
taxes,
59,495
2,029.688
871,152
447,635
railway
Derby Gas &
$1.85
by
before
$6,659,857
1.884.882
To Aid
Stock—
Copperweld Steel
1944
$8,764,525
1—
$2,693,053
:
6 Months Ended June
Earnings—
1945
income
oper.
from
Gross
165, JJ. 3049.
C- Consolidated Edison Co.iof New Xork,
railway
from
Net
to Continental the sum
13,712 shares of com¬
Profit
railway———
from
Net
surrendering for cancellation a demand note of Mary¬
ville in the principal amount of $328,720, by acknowledging full pay¬
ment of Maryville's open account indebtedness to Continental in the
amount of $542,480.
and by paying $500,000 cash to Maryville, an
30,
6.992,536
4,543,542
Western RR.—Earnings—
1947
J946
—
$4,690,355 $4,296,942
—_
965.028
612.718
Rio Grande
Denver &
JUNE 28, 1947
July 18 granted the application
utility subsidiary, Maryville Electric
to the following transactions:
581,364
6.061.779
$5,400,492
382,902
8,500,121
4,038,342
June—
to pav on its open account indebtedness
$88.80. Continental proposes to pay for the
stock
railway.
oper..income—
ry.
Gross
Maryville proposes to issue and sell . to its sole stockholder, Con¬
tinental, and Continental proposes to acquire, at par, 13,712 shares
of
common
stock (par $100).
To make possible the issuance and
sale of
the
13,712 shares of common stock. Maryville proposes to
amend its articles
of incorporation to increase the number of its
authorized common shares from 5,000 to 20,000.
Maryville also pro¬
SEC covering $800,000 10-year, lirst mortgage 4%% sinking fund bonds.
'Underwriters, Ihinois Securities Co,, Juliet,' 111.-, and Mullanev, Ross &
Co., Chicago.
Net
697,331
on
1,023.421
2,607,345
1945
■
'
,
•
39,366,803
railway
from
Net
1,075,429
public
25.692.603
841,373
income
oper.
from
Gross
Chicago—Registers With SEC—
25 -filed
railway
from
ry,
From Jan. 1—
2275.
respect
24.231.321
$5,830,468
1,716,460
railway
from
Gross
Net
its
$4,119,475
Western RR.
1947
from
,
C (at face value including accrued
receivable, $1,368,831; sundry
$4,133,050
O^S.lRS
471,569
20.237,469
2,298.302
1,050,661
3,073,455
income
Delaware Lackawanna &
ry.
hand, $7,055,082;
1944
1945
.
166, p. 52.
Net
$2,539,643
1946
$3,182,320
492.290
327,614
26,1.81,245
6,380,017
railway
oper.
Net
100,000
$1.71
Continental Gas & Electric
Corp.—Earnings—
$4,338,147
1,049.936
517,100
June—
stock, $268,857;
taxes, $4,878,681; sales¬
men's guaranty deposits, $316,334; 20-year 3%
sinking fund deben¬
tures—due July 1, 1965, $15,326,000; miscellaneous reserves, $68,175;
$5.50 dividend cumulative preferred stock (253,575 no par shares out¬
standing), $24,150,000; common stock (1,075,429 no par shares out¬
standing), $1,000,000; earned-surplus,
$7,173,888; total, $56,321 346.
165, p. 2544.
Conlon-Moore Corp.,
The
—V.
537,714
stock, $348,666; dividend payable on
accrued Federal income and excess profits
The
$1,109,278
railway-
from
rv.
250,723
1_ V 697,331
ferred
and
$2,758,942
income___
oper.
Net
employees, $29,591; raw materials
and
(including wrapping materials and
cartons,
$1,606,231),
$2,679,423; deposit on future commitments,
$267,000; sundry mortgages, stocks, etc., at cost, $133,496; deferred
charges, $1,142,561, plant and equipment (less reserve for depreciation,
$25,605,345), $29,341,646; goodwill, $5,700,000; total, $56,321,346.
LIABILITIES—Accounts payable, $1,794,711; employees' payroll de¬
ductions for savings bond purchases, withholding and social security
taxes, and pension
plan, $377,346;- accrued real estate and sundry
taxes, $603,280;
accrued interest, $10,408; dividend payable on pre¬
—V. 165, p.
*$264,769
2411.
p.
railway
from
Gross
loans and advances to
products, $7,242,222; supplies
mon
1947
1,005,894 no par common shares
on
ry.
$153,094;
of
Inc.—Earnings—
Months Ended June 30—
•Earnings
$4,735,426
1,075,429
and on
165,
From Jan. 1—
1,691,650
,
•
—_r__A
banks
1,379,575
railway
from
Net
243,789
poses
Net
Net
1,595,615
100,000
dividends
shares outstanding
per common share.
ASSETS—Cash
9,603,697
.
_
pfd. stock of parent
Conde Nast Publications
!Net
10,509
,
CONSOLIDATED BALANCE SHEETS,
540,809
8,468,379
161,391
inter.
,
6
$4,724,917
earned surplus———
to
1,437,611
"Deficit.—V. 166, p. 369.
—
4
292,226
666,590
.
1947
from
Gross
'
132,743
$4,479,047
Amortization of goodwill———
.
i
$4,346,304
___.
amortiz. and prem. on debentures
for Federal income tax.—______
.
71,292
290,091
$1,261,300
intome
From Jan.
income
Provision
'
June 28,'47 June 29,*46
$73,179,898 $54,294,938
68,833,594 49,570,021
income
Other
202,868
100,479
Subs.)—Earnings—
'
*
.
and
with
Net
r
)
itonal Subsidiary
—_rj—
stockhold.
22,898
Cr7,665
_—
stock
pfd.
on
subsidiaries
Minor,
j'
,
1,542,396
712,255
"Deficit.—V.
!
disct.,
deduct'ons
Other
Divs.
debt
and expense—
prem.
■
sales
Costs
2,983,237
1,986,588
•*
debt
long-term
subsidiaries
$
93 ,207,218
21 ,725,487
J
on
-1946
1947—12 Mos,
18,230,231 247,515,256 216 680,731
4,457,598
--
END. JUNE 30
1,140,474
_.
-'profits tax
Int.
1, this year,
7,920,484 116,185,419
1,847,764 22,994,759
__
and excess
income
12 MOS.
9,813,973
expenses
for deprec.—
plant acqui-
adjustments
sition
F6d.
—20,580,914
revenue
Operating
which
share. Payments last year
1947—Month—1946
Period End. June 30—
Gross
Distributions of $3
share.-
per
EARNS.
267.1,.
$7,701,155
$968,389 $12,331^27
$950,698 }
Weeks Ended—
30
July
on
______ _________
'
■
Continental Baking Co. (&
26
Earnings
declared a dividend of $3 per share on
stock, subject, however, to an order of the Securities
Cqmmission.
The payment is proposed to be made on
preferred
the
p.
Interest,
proval—
directors
J
205,458
-
■
'
week
$3 Preferred
j
__
166,
Total
Increased 9.37%—
kilowatt-hour output of electric energy of subsidiaries
of this corporation adjusted to show general business
conditions of
territory j served for
the • week ended July 24, 1947, amounted to
281,503,497 as compared wjith 257,388,547 for ;tiie corresponding
tin1946, an increase of 24,114,950 or 9.37#.*
The
205,457
o
971,762
1,348,741
depl.
&
deprec.
Net
$10,406,256
2,465,194
2,705,101
stockholders.
weekly
The
stock
pfd.
on
1,042,490
728,920
145,952
charges
$1,173,847 $14,797,020
$1,156,156
i
468,827
145,101
property
2,413,294
Crl6,189
■
—v.—_
918,578
21,500
Net
income
Net
1,387,135
fixed
RR.
on
Other
50,181
489,598
defense
RR.
projects
Deprec.
57,177
673,245
charges
of
23,469
688,639
taxes
Fixed
Amortiz.
$1,849,200
—
34,065
old-
and
Other
4,077,469
37,355
and expenses
deductions •
—
$6,546,864
$909,200
taxes______
age
$16,983,033
3,460,843
289,500
287,516
prem.
33',007',100
522,473
Unemploym't
6,403,071
disct.,
debt
37,783,400
taxes_
income
Net
$1,500,069 $18,642,879
$1,464,833
long-term debt
of
15,759,135
$2,359,066 $10,242,679
income taxes_^
S.
Canadian
3,302,174
8,677,426
income
Gross
Inter, on
would
^
U.
984,264
.j
profits tax
18,560,160
$4,967,778
Net revenues___
1,658,859
3,693,788
25,000
excess
;_
June—
153,860
:~1
taxes
income
Fed.
983,720
adjustments
sition
General
revenues
Expenses
$62,284,026
37,111,993 27,206,888
7,305,250
6,730,000
8,762
Subs.)—Earnings—
Coal Co. and Its subsidiaries)
1947
6 Mos
"1946
$23,527,938 $18,118,201 $48,026,079 $39 553 964
1947—3 Mos.—"1946
Delaware & Hudson RR.
2,445,198
587,791
acqui¬
plant
of
Amort,
629,750
depreciation
for
Prov.
3,152,797
expenses—.
Operating
distribution the shares of common stock
wealth of The Southern Co. and Ohio Edison Co.
*
After payment of a dividend of $3 on the preferred stock
.at-, the meeting July 30,
the plan provides that Commonwealth
jaay, from time to thne, pending the consummation of the new
dividends on preferred stock at the rate of $6 per annum from Oct. 1,
1947 in quarterly dividends of $1.50 to the date of distribution and
.in! addition, a total of $6 per share on account of dividends on the
preferred stock accrued and unpaid at Sept. 30, 1947.
This
leave $14 dividend arrears at the time of consummation of the plan.
Gross
$5,526,085 $75,585,196
$6,256,105
revenue
(&
Delaware & Hudson Co.
(Indudes the income of The Hudson
1947—12 Mos.—1946
1947- -Month—1946
the
of
snares wittt
165, p. 3283.
Period End. June 30—
Co.- -Earnings—
Consumers Power
of
value of, $10.—V.
Net
to
stockholders
to
par
action was
166, p. 267.
Babcock, Chairman, stated that the above
"uncertainties confronting the industry."—V.
B.
meeting
ilV common stock will be asked to vote on this proposal
A Se^°n °n bY Proxy at a special 'common stockholders' meet¬
be held on Sept. 15, 1947.
paid dividends of 50 cents per
company
a
IS? A'*" P™P°sfd by the board the number of shares of
hPr6Sen .1 a par and of $30 to would shares with
shares with issued value outstanding 1,542,714 be increased
a
Dividend—
Aircraft Corp<—Omits
at
fom
from 514,238
on
7.9
a
common
?mr
ing
that
announces
It' ? was ™ted to submit to the common stockf
Close of business Aug. 11, 1947 a proposal for
the common stock on the basis of 3-for-l.
of
n
split-up
a
New
in
due to
taken
Dissolution of Company—
Justin R. Whiting, President of the corporation, announced that
its board of directors at meeting held July 30, approved the filing
of
new plan for compliance with the Public Utility Holding Comf- The new plan assumes SEC approval shortly of The Southern Co.
which will own all the common stocks of Aalabama Power Co., Georgia
Power Co., Gulf Power Co.
and Mississippi Power Co. as an inte¬
grated electric ho'ding company system. The new plan provides that
Commonwealth will be dissolved and distribute the common stock
owned by it of Consumers Power Co. and Central Illinois Light Co.
the preferred stockholders of Commonwealth.
This will give to
preferred stockholders 2.52 shares of Consumers Power Co. and .55
share of Central Illinois Light Co. for each
share of preferred.
The
f
each quarter.
Irving
7.4
SEC—Provides for
primary
$843,054
July 28' took no action on the common dividend
be payable about the middle of August.
Dis¬
of 25 cents each were made on Feb. 20 and May 15, this
while
year,
Plan Filed
Southern Corp.—New
Commonwealth &
President>
holders
Pitw
Period End. June 30—
!
*
the
tributions
Gross
With
$348,716
Cudahy Packing Coj—Plans to Split Stock—
would ordinarily
share
368.
p.
$545,393
directors
The
5
—V.
56,139
'
company's history, it was also announced.—V. 166,
$1,074,677
231,623
2275.
P.
on
which
6.7
182,652,000
183,618,000
180,452,000
157,018,000
194,802,000
197,231,000
182,331,000
169,485,000
■—
49,860
217,766
Consolidated Vultee
company and assoelectric utilities, for the
6.7'7r increase over corresponding
ago.
Following are the kilowatt-hour output totals of
weeks and percentage comparisons with last year1 Inc.
1946
1947
output of the Commonwelath Edison
ciated companies, excluding sales to other
week ended July 26, 1947, showed a
Electricity
$1,213,742
York Stock Exchange through brokers to be se¬
lected by the company who are regular members of such exchange,
the'company receiving the price at which the share are sold by the
brokers less the regular brokers'
commissions on the sales. It is
stated that if the remaining shares to be offered could be sold by the
company on the Stock Exchange at the closing price of $48 per share
on July 21,
1947, the aggregate price would be approximately $1,206,000
and the brokerage commissions would be approximately 24V2C per share,
or
an
aggregate of $6,000, the net proceeds to the company totalling
$1,200,000. In this connection, Consolidated has requested the Com¬
mission to exempt the proposed issue and sale from the competitive
bidding.—V. 166, p. 369.
.
1944
»
855,486
137,761
52,734
"3,160
$404,855
shs. outstg.
com
figure.
267
p
Consolidated
shares
$150,609
27,439
11,061
6,935
income—'
oper.
From Jan.
Net
$126,402
15,283
6S 646,250
x
1946
*$5,360,056 "$3,739,001
797,068
605,975
$1.23
$0.94
on
''
1947
'
•
+v,^<KT^r~Th1e earnin*s for the six months ended June 30, 1947, were
7,572
$595,253
"Corrected
•
$1,067,105
60,955
deductions
165,
SS«";r7r";
Pnrni
i?r
Earns, per share
Natural Gas Co.—Unsubscribed Shares
Sold on N. Y. Stock Exchange-^Pursuant to the authority of the SEC's order dated June 12, 1947
Consolidated offered not exceeding 545,672 shares of capital stock to
stockholders at $37.50 per share, of which 520,547 shares were sub¬
scribed
for,
or
approximately 95.4% of the total number offered.
Consolidated now proposes to issue and sell the remaining 25,125
22,373
1945
1946
$106,156
•
lailway
from railway
from
$1,152,787
2,387
Months Ended June 30—■
six
37,709
-Earnings—
1947
1
June—
Gross
J-V.
$402,468'
income
Net
$124,364
oper.
ry.
1944
1945
$124,729
32,863
14,550
$146,453
66,147
railway
from
Net from
Net
Ry.—Earnings1946
1947
$162,051
$579,970
income
Gross
Wycming
__
Income
Other
Income
Colorado &
—
Balance
.
June—
Gross
revenueExpenses & taxes
Deprec. & depletion
V. 165,
expansion purposes.
for
3049.
p.
Operating
Power
be used
to
are
Corp.,—Earnings—
1947—12 Mos.—1946
$1,545,960 $1,156,688 $4,359,093 $3,987,566
869,252
662,662
2,814,658 2,545,987
96,739
91,558
391,648
374,472
Figures—Earned
Sales
Corrected
Corp.—Issues
$1.23 per Common Share in First Six Months-
1947—3 Mos—1946
30—
End. Apr.
Period
Colorado Central
com¬
year,
Consolidated Gas Utilities
1313.
p.
Cory
2.3%.
corresponding week of 1946, an increase of
local
of electricity amounted to 176,400,000 kwh.,
pared with 173,800,000 kwh. for the corresponding week of last
an
increase of 1.5%.—V. 166, p. 368.
for the
distribution
kwh.
000
• Monday, August 4, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
•
...
.
Ltd,—Bonds Placed PrivatelyJuly 30 announced that they have
Co.,
White, Weld & Co. on
at'100 and int.
July 1,
placed privately with certain institutions
$5,500,000 J5-year,3% % first mortgage bonds, due
1962.—V. 165, p. 3050. .:
- L'•
LA
Volume 166
Number 4617
THE COMMERCIAL & FINANCIAL CHRONICLE
Dow Chemical Co. (Del;)—Co-registrar
The
Guaranty
registrar
for
value).—V,
Trust
166,
Co.. of
shares
400,000
Appointed—
York--lias-been
New
second
of
preferred
appointed
Ebasco Services
co-
(without
par
stock
For
267.
p.
the
week
operating
of
June—
Gross
Net
Net
1946
1945
$5,260,007
$4,383,755
$5,387,746
2,542,335
3,471,393
3,854,018
1,790,434
2,216,650
1,888,950
from
Net
from
Net
ry.
Electric
2,110,074
—V.
income..
oper.
13,627,948
8,994,877
15,793,735
The
1,216,491
6,396,495
15,358,704
6,177,961
2,192,834
410,498
3,309,177
3,194,482
._
at
Power
Power
Gross
1946
1945
$426,250
76,716
$291,336
railway.—_—
*28,964
$406,729
106,757
income—
45,776
*60,894
Net
from
Net
ry.
railway
oper.
♦
Indianapolis,
$365,008
Net
207,496
*97,629
income
oper.
ry.
1,932,986
♦Deficit.—V.
166,
2,137,576
425,772
ry.
Ry.—Earnings-
Pet.
12.2
58,123
5,554
9.6
include
the
System
1947
1946
1945
$253,300
$173,600
$237,700
$268,600
40,493
*10,585
65,814
86,474
Net
ry.
*9,709
*46,292
16,188
of
40,583
Gross
from
370.
p.
Gross
1945
1947-1948
in
be
Farnsworth
models
new
All
will
served
$2,571,599
it
was
245,177
341,670
76,455
in
four
radio
19,143,511
11,113,857
17,119,573
7,315,519
2,841,536
966,259
18,131,688
5,146,288
and
in
will
completely
retail
price
11-tube
Gross
income
*568,341
4,314,734
2,248,001
Net
shown
,
in
The
railway—_
railway
from
ry.
1,756,100
1,282,100
1,374,200
138,953
88,564
*137,025
305,631
29,852
♦Deficit.—V.
series
1,896,900
438,624
285,298
income
oper.
of
due
Harris
649,211
has
company
the
1969,
Trust
called
sinking
at
&
for
redemption
fund,
106.4
$53,000
cabinet
interest.
and
Savings Bank,
165, p. 3051.
Chicago, 111.—V.
1, next, through
mortgage 3(4% bonds,
will
Payment
co-trustee,
115
Empire Steel Corp.—Changes in Personnel
Period End. June 30—
Sales
(net
of
returns,
Cost
$
of
$
other
&
for
inc.
oper.
129,729,497
8,369,293
(allocated
income
line
new
from
of
$219.50
FM-AM
to
165,
$425,
phonograph-radios,
includes
from
Miscel,
other
Fed.
inc.
15,000,000
12,500,000
109,719
2,678,556
for
1,433,950
1,170,912
1,115,090
4,195,718
1,823,230
4,507,212
7,599,040
20,366,630
18,830,442
(net)
(net)
Fed.
taxes
Net
Divs.
inc.
—______
pid. stock....
shares
(Baltimore)—Earnings—
1947
♦Excluding
346 990
———
$640,579
$206,265
67,819,650
55,731,895
112,284
charges..,—
notes
offer
55,731,895
4,575,746
3,799,913
28,110,187
24,906,925
57,043,904
$2.53
$2.24
$5.13
$4.67
788,000
Dr743,000
527,000
Dr823,000
of
in
taxes
Provision
for
for
$11
treasury,
the
All
first
at
six
balance
offer
to
Hearing
August
Excessive
tt$3.50
tin
profits
The
of
Each
and
is
interest
by
on
outstanding
representative
a
offers,
proposed
Trust
new
of
to
stock¬
Common
Surplus
the
Dec. 31, '46
$
$
174,768,381
made
Co.,
five
by
common
represents
50%
the
8,960,294
5,989,722
companies not
to
provide
of
50,000
SEC
259,000,000
investments..
approximate
cost
40,444,202
from
ry.
Gross
Net
attorney
group's
*
3,867,222
and
Co.
bonus
24,712,564
17,635,991
31,603,227
35,037,435
plan__
to
held
the
and
rights
underwriting
$2
share.
a
group
to
to
$2
16,267,159
from
that
almost
provided
at
$6
the
_
par)——______
doubtful
2,514,339
884,623
Eaton
1,
15,441,063
166,
j
share.
The
accounts
General
and
Manager
as
Manufacturing
After
p.
.
The
222,450,240
a
be
Dr79,570
notes,
$4,220,174
Co. (&
T
_
an(f
$2,184,988 -for
shares
$1.90,
taxes.
157.
of
&
■
v
,i
U.
164,
2017.
p.
in
1947
U.
the
of
the
who
issued
$1.01
Provision
six
and
stockholders
for
anticipated
1947
The
The
and
expended
8,616,139
in
the
authorized
166,
of
also
productive
statement
an
p;
approved
additional
to
It
fabrics
and
and
The
retires
as
for
1946
918,746
■
to
meet
to
$1.69
charges
and
on
bank
loans
months
3,489,260
;.v
in
a
the
$10
Farnsworth
ended
outstanding.—V.
,
June
stock
indenture
165,
30
value
tAll
of
p.
1947
3283,
•
Models
said
that
consolettes
priced
at
$497.50.
ex¬
enlarge
and
requirements of
approximately
the
construction
be
PRESENT
series due
1974—
*Unlimited
series
1974—
(1946-1956)
bonds
outstanding will
be
for
400,000,
been
OFFERING
Outstanding
$16,500,000
*Unlimited
due
had
4,000,000
$3,235,000
60,000 shs.
3,135,000
t40,090 shs.
1,200,000 shs.
1,100,000 shs.
which
outstanding
40,000
shares
of
the
preferred
stock
series.
,
,
are
,;
,
BUSINESS—Company was incorporated in Florida July
under name of St. Petersburg Electric Light & Power Co.
amendments name
was
changed to
St.
Petersburg
Lighting Co. (in 1915) then to Pinellas County Power Co. (in 1923)
and finally to the present name (in 1927).
On Dec. 18, 1343, company
was
reincorporated.
par value
be
reduced
issued
$4,500,000
1899,
subsequent
each
The
of
the
is
company
Florida,
except
public
a
for
the
utility
operating
operation
of
wholly
within
transmission
a
State
the
line
extendihg
approximately
transfer
of
capital,
that
$4,000,000
of surplus,
the' capital ac¬
doubling
the
as
a
shareholders
also
100%
connecting
near
of
pany
dividend.
stock
had
business
ing
49 miles from the Florida-Georgia state boundary and
with the transmission facilities of Georgia Power Com¬
Barneyville, Ga.
Company is engaged principally in the
generating, purchasing,
electric
energy.'
It
also
letter
of
Radio
offered
at
for
table
The
sets
by
the company and
$17.50
Fort
a
retailing
have
at
has
of
its
been
six
all the
ice
located
one
ordered
ice
transmitting, distributing
owns
except
manufacturing
Orlando
at
output of jvhich is
by
properties.
the
Net
SEC
to
income
sold
divest
before
to $41,978 for
and sell¬
plants,
which
to
itself
Federal
all
isi op¬
Atlantic
of
sub¬
income
1948.
Georgia Power & Light
Co. (a wholly owned subsidiary since March
incorporated in Georgia May 21, 1927.
It
m
a
public
wholly within the State of Georgia and is engaged
principally in the business of generating, purchasing,
transmitting^ dis¬
tributing and selling electric energy.
It also operates a small water
additional
Wayne,
all
Co.,
taxes from such ice properties amounted
1945)
was
utility
Corp.,
consolettes
Atlantic
stantially
notification with the SEC
used
to
Co., Company
Tex.—Files With SEC—
&
are
to
&
18,
the
would
would
operating
pumping
Output of Television Receivers—
being builti he said,
capital
service
indentures.
the
By
will
station and distributes water in the community of Climax
approximately 50 customers. Georgia also owns three ice manufac¬
turing plants all of which are leased. to Atlantic Co. Georgia .^ias
been
ordered
by the SEC to
divest
itself
of
all
of
its
ice
and
"water properties.
Net income before* Federal..income taxes from, such
to
corporation has begun production of television receivers and
expects to place them 011 the market
early next month, E. A. Nicholas,
President, announced on July 18.
He Said that the - company is now
accumulat'ng its production of television receivers 'to release them
in- quantity in -areashaying telecasting service.
income
for
unlimited
is
shares of the 4%
HISTORY
The
.$1.04
on
Television
demands
may be outstanding at any time under
except that additional bonds may be issued
only in accordance with the restrictions contained in the mortgage or
corporation's
par
stock
stock
shares
Ind.—Starts
927 843
.$3.91
a
the
1947,
stock (par $100)—.
(par $7.50)————
amount of
♦The
the
taxes
<
share
effective
1947—6 Mos —1946
,for„ taxes
1,076
24 filed
part of the com¬
applied to
any
of its
Authorized
Common
-".y-
(no par) common
stock, to be
without
underwriting.
Proceeds
will
be
working .capital.—V. 164, p. 954.
member
a
July
meet
of March 31,
this program.
leased
on
become
be
may
increased
present
sufficient
be
As
Cumulative pfd.
626,312
•,
267.
company
initially
such
as
corporate- purposes will include
construction.
Company 'has
taken
steps
.
■...
shares
Fakes & Co., Fort Worth,
finishes
will
proceeds
,
Serial
$1,074,274
tAfter
common
added
400,000
Sold—Kidder, Peabody &
Such
bds.,: 33/b%
mtge. bds., 27/8%
1st
new
shares
assets,
said.
net
1st mtge.
having
new
-
10,864,684
<
,
3,841,266
'
;
growth
will
program.
held.
of
8,764,586
3,075,571
materials
and • supplies
purchased.
In
addition, approximately
was raised for
this purpose through the issuance and sale
$4,000,000 principal amount of first mortgage bonds, 2">/&% Series,
in October,
1946.
It is contemplated that such cash resources to¬
gether with the proceeds from the sale of the common stock now
Britain, Conn.—Split-Up Ap¬
shares of
18,343,109
7,180,156
2,338,367
of
25,842,273
approved changes
five shares
shares
2(4
number
said.
shareholders
invested
count,
$10
17,156,657
4,098,687
$4,000,000
,
30
14,632,281
3,371,462
construction
79,954,461
$0.58
share
15,186,616
aggregated
75.326,474
announcing the action,
outstanding
to
held.
company
in
par
415,096
of -the? area served by the company.
The esti¬
program for the period Aug. 1,
1945 to Dec. 31,
approximately $9,450,000.
To meet this program,
the company anticipates* that it will have
applied over the period in excess of $4,000,000 out of treasury funds
mated
in
1944
ln47
which
$25
management,
$25
July
on
under
each
357,922
267.
funds
for
facilities
its
20,359,974
requirements,
267.
p,
*24,863
CAPITALIZATION GIVING EFFECT TO
:
160,000
one
S.
Subs.)—Earnings-
.
166,
*232,703
1,597,658
p.
purposed.
penditures
370.
$550,575
dividend
1,123,242
stock (par
general
58,007,400
share—
common
166,
PURPOSE—The
with
increase
p.
1944
$2,602,068
640,775
"
one new
corporate
Manufacturers
an
1945
$2,171,372
*47,804
erated
896,316
i
per
preferred
issued
of
par value.
resigns as a Vice-President,
director.—V. 166, p. 370.
1,695,165
c^ar^es
891,821
for
Littlefield
and
outstanding—.—______
capital structure
421,931,477
$22,115,707 $15,256,557 $45,827,206
$29,053,926
per...capital _sh._,
to
SEC
behalf
on
warrants
pany's
.
1945
earnings-^—
proved—
from
1947—3 Mos.—1946
Net earnings
on
and
continues
_____
amounted
the
so'd
through
$1,649,491
*42,717
income-
supplemental
1,391,737,824 1,263,797,827
Harrington,
committee
Period End. June 30—
sales
^
Net
with
be.
share for each 10 shares held.
Subscrip¬
expired on July 23.
The unsubscribed
shares were originally offered by the underwriters at
$15 per share.
'
tion
underwriting
166,
income—
comomn
5,049,287
*1,512,825
5,583,358
267.
Fafnir Bearing Co., New
.
1946,
but
to
1946
$1,701,680
oper.
offered
railwayoper. income..
and reserves.—V.
31,421,458
28,774,486
299,160,980
JRepresented by 1,588,850 shares no
$91,076,600 in 1947 and $88,859,400 in
Kinsman,
executive
liled
is
shave
a
shares of 4(4%- (formerly 6%)
cumulative
recently called for redemption on July 1, 1947,
share)
and dividends.
Payment is being made at
railway—.
railway.—
from
rate of
a
of
,'
$9,688,246 $13,391,509 $13,098,447
60,297
4,350,197
4,097,927
"963,561
1,775,434
3,730,839
73,422.437
shares
*
department, and a member of the board
of directors, has been elected
Vice-President and designated as a member
of the executive com¬
mittee, succeeding Willis F.
August
With
$7.50).
The offering represented
100,000 new common shares
originally offered to stockholders at $14 per share at the
modi¬
identical
an
contemplate
1946
railway.,—
Earnings
a
the
Y.—Files
the unsubscribed portion of
issu¬
proposes
compensation
stated
was
-
a
offer
$12,264,420
income,.
net
Vice-President Elected—
of
N.
was
which
railway—
railway-
oper.
ry.
of
offer
,
$18,000,000.—V.
1947
Deficit.—V.
—V.
on
stock
Florida Power Corp.—Stock
group
This
stockholders
SEC,
but
at
alternative
railway
Common
securities,
ttAfter deducting cash and
U. S. Govt, securities
300,000 shares of $3.50 series
preferred stock in 1947) of $45,477,429 in 1947 and
$46,290,019 in 1946.
ftRepresented by 1,000,000
no par shares.
Warren
'
■
Co. and Merrill Lynch, Pierce, Fenner & Beane on
July
29 announced completion of an
offering of 17,078 shares
would
shares.
new
offer,
$15,000,000
railway-——
tConsol.
3,582,619
312,328,551
10,500,000
100,000,000
222,450,240
429,004,690
Drl0,463
$4,105,510 in 1946.
New
notification
composed
Eversharp, Inc.—Earnings—
29,511,778
17,179,636
27,601,076
under
treasury—
for
Govt,
"*
-
Inc.,
were
per
*Deficit.—V.
Bros., 20%.
provide for
nbw
present
is
stockholders
underwriting
for the
shares
new
the
from
oper.
ry.
The
deducting
$250,total,
outstanding
from
Net
underwriting
Three Mos. Ended May 31—
20,300,851
13,659,751
2,741,475
pay.,
——
reserve
■'*
1947
ry.
offer,;
Arnold
Present
alternative offer
Trust
from
Net
Total
tAfter
of
capital
from
Net
From January 1—
22,602,338
2,908,441
...
—.
In
$100),
$1,350,564;
surplus,
From Jan. 1—
RR.—Earnings—
Net
583,076,259
etc—...
offer
from
Net
13,953,198
40,421,754
....
Co,
mortgage
Gross
264,500,000
13,894,391
22,721,006
633,467,729
advances, etc,.
income (estim.)_______
($20
stock
earned
'
'.
■■
par)
stock
from
Gross
as
considered
June—'
wholly
—
cost——___
preferred
stock—_____
stock
'
letter
a
($1
the
Net
for
cash
the
modified
Wertheim
shares
of
and
was
shares
to
instead
Finnigan,
were
Wertheim
Erie
49,870.412
104,726,093
liabilit
x
22
($100
Net
debentures.
the
alternative
-an
Co.
common.
every
modified
shares
T.
Trust
new
for
originally
was
Manufacturers
Trust
June 30, '47
construction
Common
''-c
$670,505;
1189.
p.
company's office at Park Falls, Wis.—V.
Gross
deter¬
underwriting offers
designed to provide
at $2
each, with
buy 130,000 shares at
the original offer.
right to acquire 65.000
125,088,119
awards
series
165,
Florida "East Coast Ry.—Earnings—
on
his
4
three
shares
to
from
862,908
Frederick
sheet
for
for
surplus,
H.
of
par
the
Court
postponed
Manufacturers
share
right
new
the
trade..—.
on
$57,410
1947
Flambeau Paper Co.—Redeems Preferred Stock—
feasible by the SEC,
although the under¬
writing compensation under the Manufacturers Trust
Co.
offer was
slightly higher than the SEC usually recommends.
Both offers,, he
said, came within the range of fairness.
'
owned.
insurance and contingencies.
pensions——
deprec. and obsolescence.—..
ttReserved
Reserve
TBased
during
30,
on hand,
$i,642,252; notes and accounts
other assets, $15,173; deferred ' charges,:
Finch/President, at $5.50
Co., Providence, R. I., as agent.—V. 166,
1315.
p.
Corp
has
opposed
1,336,000
free
slightly
fications
11,121,962
receivable, trade——;.',,. 59,466,918
accts,
accrued
Reserve
tEarns.
beneficiaries
submit
Manufacturers
of
and
—1,391,737,824 1,263,797,827
SFederal
J.
G.
preferred
>
shares
wholly
at
to
original
1,034,000
share,
51,931,982
44,486,684
11,121,927
Knox
principal
which
the
of
ance
33,365,763
11,121,962
...
of
the
of
35,000
11,121,892
patents, trademarks,
charges ...———:
Miscellaneous
-
Wm.
$11,245,834,492.
$534,298,777, up 13.8%
totaled
Development Co., which has
Graham Newman Corp., 30%,
one
have
The
,;/v
properties,
liabilitiesAccounts payable,
SAfter
the
JUNE
,-
July
shares
r,
Total
and.
passed
AT
Telecommunications,
.;;
sec—.
of
Hanover
differs
61,619,650
,
owned, at cost
Other securities and
,
force
32,567
26,545
$347,431
————'
June—
C.
offers,
of
issuance
to
1,899,957
number
Securities of controlled
Other
half
Building
corporation.
full
commitment,
Cr4,300,000
;
Miscell. accounts
receivable, advances, "etc...
Gen'l Motors Corp. com. sck.
(10.000,000 shs.)
Deferred
first
in
89,742
39,223
SHEET
$6,364,503;
total, $8,032,072.
Finch
board,
temporary advisory
a
total
record
a
$141,570,442.—V. 165,
whether
the
group
the
the
—1—225,809,172
Goodwill,
the
in
John
the
one
The
10.500,000
26,806,882
not
Inventories
and
mitted
An
_L
■
*-V
Plants
the
$206,265
—
——
paid-in
On
insurance
reach
Office
to
in
of
receive
consolidated
and
of
requiring payment of excessive underwriting
compensation, were noti¬
fied in court,
and a group headed by Wertheim & Co., which sub¬
of
2,675,790
—i
average
companies
tAccounts
that
to
1946 period.
policyholders and
to
of
Two
16,760,442
30,785,977
_
._
share..
assets—
Cash
Chairman
X
194&1':*
$293,589
[
$8,032,072.—V.
'
-
reported
insurance
as
purchase
outstand'g
tCompany's equity
controlled
holders
(
Bal. applic. to com. stk.
Common dividends *
♦Com.
former
a
when he retired to
ago,
midyear
Judge
payment
inc.
of
Earns, per com.
is
3283.
amounted to
mination
2,070,000
18,316,630
26,806,882
5,300,000
years— Cr4,300,000
income
on
Hill
years
p.
has
at
Equitable
res.
on
out
000;
E.
comparable
Federal
2,050,000
6,949,040
31,785,977
...
excess
650,000
9,148,275
—
costs.
prior
and
^Joseph
Operating Vice-President of the Reeves Steel &
Mr.
38,971,453
on
1,140,000
provided
President,
succeeding
Plan Aug. 4—
Net oper. & other inc.,
Prov. for excessive con- '
in
life
the
months
49,503,020
(allocated
Reversion of
mark
Payments
not
taxes
income
165,
Society
billion
over
5,000,000
portion)
structicn
The
7"
19,857,842
Total
for
—
elected
both
—Insurance in Force at New
High—
28,040,000
7,500,000
...
inc.
been
8-tube
,
500
in
cos.
other
Co.
serving until three
New
,T'
>
32,590,000
22,637,702
invest,
controlled
board,
four
3284.
p.
Mo-
stock
com.
wholly owned
Other
'
■
13.87(3,000
10,288,275
Income
Prov.
'
*
.
(net)
General
Corp.
has
the
resigned.
has been
position.—V.
on
14,800,000
from
tors
Ohio,
of
lit'
nexfc
the
—
■
Frease
Manufacturing
104,606,191 248,220,029 200,907,744
17,505,281
39,359,389
34,177,195
6,652,663
16,030,759
13,227,887
20,374,920
portion!
Oper.
Dover,
and.
dealers
during
stockholders, $20,223; Federal and State taxes on income (current
year estimated), $188,673;
other Federal and State taxes, $1,981; de¬
ferred
income, $180,739; common stock, class "A" (non-voting) (par
$100), $450,000; common stock, class "B" (voting)
(par
Equitable Life Assurance Society of the United States
exps.
taxes
of
Chairman
as
designs
franchised
cities
LIABILITIES—Short term notes
(maturing within nine months),
$4,881,000; accounts payable, sundry, $38,387; due to
officers, directors
and
Street,
162,491,977 385,703,197 315,324,279
obsolescence
Fed.
Frease
Hill
Mr.
2,710,233
charges..
oper.
Deprec.
•
$
and
sold
Sell., gen. & adm.
Divs.
$
378,671,184 307,852,718
2,840,395
7,032,013
7,471,561
revenues—
goods
W.
Montgomery, Jr.,
159,651,582
195,911,412
oper.
Prov.
1947—6 Mos.—1946
193,201,179
Total
D.
James
1947—3 Mos.—1946
allowances,
outward
freight, etc.)
Other
the
at
Monroe
$34^.50;
FM-AM
and
radio
in
•
ice
-
properties
The
tric
towns
amounted
company
customers
and
in
¬
com-,
141,641
taxes
$10,144;
166, p. 53.
(E. I.) du Pont de Nemours & Co. (& Subs.)—Earns.—
'
made
be
West
line
ASSETS—Cash in banks and
receivable (net),
Sept.
on
first
of
by thd
than 40'to
»,
to
principal
instruments.—V.
discount
profit
cities
rpore
phonograph-radio
1,524,683
267.
37
include
expenses
and
Income
large
a
—"
income
Operating
Interest
likely,'
is
of
means
least
at
diiferent
24
be
meetings
Gross earnings
Other income
310,807
in
would
876,570
44,848
the
announced.
Farnsworth's
$2,955,145
w.thin
\
6 Months Ended June 30—
$2,016,511
be
operation
available
models
new
presentation
ranging
direct?
A'.
receivers
potential
adding that areas
population.
month,
1944
1,199,599
P.
levels
Finance Co. of America
1946
477,111
i66,
the
to
special
and
ten-inch
public.
BALANCE
operation
from
Net
Net
•
1948,
■
have
5
market, few sets have been built,"
"To all
practical intents,
the -curtain ig just
now
being
the commercial debut of the
industry."
He predicted that,
prises 15
finishes.
declaration, op file in Federal Court
that this corporation has a $300,000
$3,183,716
railway
oper.
ry.
that price
nation's
The
insolvent.
The companies which filed the bank¬
Centralab, Inc., Milwaukee, Wis. ("Milwaukee
29).—V. 165, p. 2925.
railway—
of
the
of
on
of
the
ol
com¬
Empire District Electric Co.—Partial Redemption—
From Jan. 1—
■
any
adding
said.
end
models
potential market for television
5,000,000 sets in tne next Live years
1944
railway-
railway...
oper. income—
166,
inputs
sale
relation
raised
Both
the
telecasting stations would
is
income
oper.
from
*Deficit.—V,.
from
he
Amount
23,820
included
July
railway——
railway
from
Net
June—
1946
From Jan. 1—
Net
Net
"In
63,677
not
from
Gross
Duluth Winnipeg >& Pacific
do
said,
said.
.
described
The
percentage
'
from
366,230
267.
p.
he
follows
as
194,493
1947
Net
501,442
308,272
'
of
Net
2,133,386
88,502
1947
June—
48,876
Grcss
2,537,143
437,077
were
huge.
he
tubes.
Nicholas
as
Elgin Joliet & Eastern Ry.- -Earnings—
69,234
.
&
television,
to
picture
Mr.
subsidiaries
Light Corp.,
are
218,313
Co.—
bankruptcy
Ind., alleged
and
action
Journal"
1944
From
J$n. 1—
Gross from railway..—
Net from railway
Light
Light Corp
involuntary
ruptcy
84,045
from
&
&
figures
indebtedness
Ry.—Earnings-
1947
which
client
of
Electronics Laboratories, Inc.—Creditors File Action—
166, p. 53.
Duluth South Shore & Atlantic
inputs
&
Light Co. and Electric Power
the corresponding week during 1946
kilowatt-hours):
of
above
An
June—
System
Inc.,
panies not appearing in both periods.—V.
4,704,337
railwayrailway-
_
view
the
1947
Services
Power
with
thousands
American
From Jan. 1—
Gross
24,
Ebasco
Operating Subsidiaries of—
$5,835,227
3,254,752
July
of
-—Increase
1944
railway-
railway—
cper. income,..
ry.
compared
(in
Ry.—Earnings—
1947
from
from
American
as
Duluth Missabe & Iron Range
addition
Inc.—Weekly Input—
ended
companies
(465)
renders
among
exces§.
to
of
$91,445
electric
the
for
service
100
1946.
.
i
:Y»:
to
approximately 78,000 elec¬
incorporated- cities aRd
unincorporated towns and rural torn
inhabitants
of
85
T
-
4,1947
Monday, August
THE COMMERCIAL & FINANCIAL CHRONICLE
(466) J
r
J
1945
the
with
miles
square
comprises an
territory
The
munition
State
HISTORY
of approximately 18,500
575,000 based on
area
&
census.
$11,260,160 $10,598,233
revenues
oper.
Operating
Operating' income
income
Gross
7,441,642
$2,623,171
132,717
$2,715,312
113,974
$2,627,416
1,187,015
$2,755,888
1,104,719
$2,829,286
charge
Cr242,100
Dr523,730
each
$1,783,310
!
$1,750,901
15.00
& Beane
Fenner
6.00
6.00
6.00
6.00
Co
A. M. Kidder &
tVertheim & Co
"White, Weld & Co
__
5.50
Marks & Co.
5.50
5.50
Co
Hallgarten &
Hornblower & Weeks
Daurence M.
—V.
166,
3.00
Milhous, Martin & Co.—
2.50
1.50
Bqsworth,
Two issues of
—
securities totaling $20,000,000
R.
000.000 first mortgage bonds, 3% series due 1977,
offered by Lehman Brothers and associates at 102.60
interest.
' >
issues
Lord
Ira
The
andthe
Boston
3% coupon were:
Halsey, Stuart &
Glore, Forgan &•
and W. C. Langley & Co., 101.160; White, Weld & Co., 101.05;
Blyth & CO., Inc.,-and Smith, Bartley & Co., 101.21; Harriman Ripley
Co., Inc., Lazard Freres & Co. and Lee Higginson Corp., 100.411.
Co.,
&.
Submitted for Preferred
No Bids
of
Stock—The company
Halsey,
314% sinking fund debentures are dated July
July 1, 1972. Interest payable on Jan. 1 and
quly 1 of each year at office or agency of company in New York, .
Debentures,, will be redeemable at option of company or pursuant to
requirements of the debenture agreement in whole or in part at
any time prior to maturity on at last 30 days' notice at the general -*
redemption prices, the initial general redemption price being 104; the
debentures
will also be redeemable upon like notice by operation of,xhe sinking fund at the special redemption prices,
the initial special
redemption price being 100.89 plus accrued interest in each case.
FIRST MORTGAGE BONDS—The bonds are dated July 1, 1947; due
July 1, 1977 interest payable Jan. 1 and July 1 at Bankers Trust Co.,
New York trustee. The annual sinking and improvement fund,
com¬
mencing in 1954, is designed (on the basis of the issue of $10,000,000
principal amount) to retire $2,300,000 of 1977 series bonds or to cause
the
waiver
of the right to the
authentication and delivery of an
equal principal amount of bonds.
ADDITIONAL COMMON STOCK—Prior to the opening of the bids
for the 1977 series bonds and the debentures on July 29, 1947, Amer¬
ican Power &, Light Co. offered to enter into an agreeemnt with the
company under which,
if no bids were' received or accepted for the
preferred stock, American would purchase from Florida for $2,500,000
in
cash, payable on the date of delivery of the 1977 series bonds
and the debentures, 100,000 shares of the common stock of the com¬
pany upon
the further condition that .if prior to Jap. 29, 1948, the
company should sell preferred stock and realize net proceeds
there¬
from in excess of $2,500,000 the company, at the option of American,
would repay the said sum to American and American would relinguish
its rights
to the common stock.
%
and
1947
due
are
Hattier
ford
Co.7
110,000'.
net
sale of
the
issue
and
E.
Wood
to be received by the company from
1977 series bonds and the debentures will
the
used
To redeem at 104% $14,210,000
due 1979, which, exclusive of accrued
(li
purposes:
exclusive
and
expenses
be
interest.
accrued
Woodard-Elwood
Co.
110,000
&
Co.
sinking
414%
of"
82,000
principal
cash.
ury
.
,
of
remainder
The
the
proceeds
will
be
production,
SUMMARY
OF EARNINGS
12 Mos. End.
Mar.
Ooeration
_______
-Maintenance
Fed.
inc.
inc.
than
&
Ncwbold's
50,000
Co.
Parsons &
&
Son,
Johnson,
Lane,
Inc
man,
W.
L.
&
A.
E.
Hutton
,
.
&
Wheelock
Inc.
&
150,000
50.000
100,000
...
Cummins,
,
raw
reached a new high, amounting to $9,236,214, as'
for tho previous year, but earnings per dollar of
2% cents, approximately the same rate as duringthe preceding year.
Earnings per share of common stock were $3.91,
compared with $2.91 for the former year.
t
_ ;
Total dividends to the 12,700 stockholders amounted
to $5,933,986,
compared with $4,253,717 during the preceding year.
Earnings rein¬
vested in the business totaled $3,302,223.:
Wages and salaries to the 12,000 employees, including pension bene- ..
fits, shoved an incrcass of $5,858,137 over the previous year, and
amounted to $37,725,252.
The company contributed $2,282,946 to the
against $7,146,107
sales remained at
166, p. 370.
Jphnstown & Gloversville RR.—Earnings-
Fonda
-1947—6.Mos-.^1949
1947—Month—1946
Period End. June 30—
$455,953
revenue.
$75,595
$74,345
$472,871
Railway oper, expenses.
65,403
56,230
391,260
342,315
from ry. oper.
$10,192
$18,115
$81,611
$113,638
Total
oper.
ry.
Net
rev.
tax_——
Cr500
4,000
670
13,516
accruals-
5,258
4,033
30,895
23,602
income
Federal
Other ry. tax
employees'. retirement .system, and members of the system themselves
contributed $1,023,202.
Approved was an increase in company contri¬
Net
■
Net
income.
$4,320
$8,167
$37,925
063,524
;___
1,321
2,544
2,133
2,065
$5,641
$10,711
$40,058
$65,590
3,911
3,328
13,459
15,216
1,364
1,402
8,347
8,590
oper.
income
Total
income
Miscell, deductions.,
Fixed charges
int.
Conting.
■
_*
income
income
V.
13,558
2,230
13,558
*$1,894
$3,722
$4,694
$28,225
& struc¬
equipment)
4,142
3,271
24,850
.
(way
tures
&
"Deficit.—V.
166,
Looking
Subs.)—Earnings—
(Robert) Gair Co., Inc. (&
.
Period End. June 30—
Profit..—
Divs.
—
depreciation.
pfd. stock of sub.—
for
Profit
on
$12,148,757
2,816,482
' 182,743
(U. S.)
customers
sales .to
Net
Mos.—1946—
$23,349,219 $16,030,724
5,013,890
1,932,719
363,850 *
350,"967
19,500
;■ 19,500
3 Mos., '47 —1947—-6
'
.
___,
9,750
U.
from
Profit
S.
Co.
Gair
of
$2,623,990
$4,630,539
2,125,000
2,100,000
2,100,000
1,921,274
419,450
Interest
—
for Federal
Prov.
for
Profit
div. for
income
tax
1
the period—
the period—
applic. to
shares
-Common
com.
Sales
$3,216,599
170,412
$1/106,038
170,412
.Interest
$3,046,187
1,740,440
as
to
NOTE—The
profit
net
Canadian
of
$1.75
$0.57
subsidiary is included at ap¬
plicable official rate of exchange.—V. 165, p.
2669.
.
,
•
General American Investors Co.,
39,646
24^975
$6,700,769
$7,023,062
$7,576,071
$7,104 869
2,447,747
2,428,261
2,572,015
3,54§,886
and $18.89 on Dec. 31, *1946. If all outstanding
holders to subscribe to common stock at $17-50
per
share had been exercised, the resulting net asset value as of
June 30,
1947 would have been $18.52 per share on 1,701,920 shares.
GIVING
$4,594,801
EFFECT
TO
$5,004,056
PRESENT
pari
maximum
be
purchased by American
$2,500,000.
r
31.
of
prices)
as
of June 30, 1947 (with securities
$36,625,699.85, equal (after deducting the,
were
1947
SIX
FOR
MONTHS
ENDED
Net
t2,000,000 shs.
limited
by
the
income
Preferred
interest
(excl.
profit
Power & Light Co. for
the
pany
92,733
securities sold)—
$525,751
$479,434
139,500
139,500
Federal incomd tax has been .made in view
be taxed as a regulated investment com¬
and the intention to distribute substantially all the - net income
interest and dividends and the net profit from sale of securities.
NOTE
from
1946
$572,163
2-
on
dividends
re¬
of
*
$619,818
94,067
and
Expenses
1—No provision for
company's
election
to
aside in prior years,
COMPARATIVE
1(444,850
CONSOLIDATED
no
4,489.136
$3.91
—
'.assets—
SHEET.
•U.
18.966,209
«r—-H-*•
Notes
and
power
Total
1,592,622
9,242,016
1,357,995
20,811,604
——
Land, buildings,
Goodwill,
.
2,447,329
36,714,022
accounts receivable (net)
grain purchases, etc-
deferred charges
companies, etc
and equipment (net)
5
5,419,927
on
Prepaid expenses and
Investments in other
$
14,735,940
18,633,773
and acceptances—.—
Advances
31
1946
1,287,519
contract
Inventories
$7,146,107
1,344,103
2,909,614'
$2.91
30,001,986
obligations
:—
termination claims——
Govt,
S.
War
525,172
MAY
$
' '
Cash
1,797,834
8,120,574
longer required.
BALANCE
1947
'
Drafts
30
1947
dividends
Income
lo'oooiooo
lo.oooiooo
JUNE
306,870
34,185,160
$9,236,214
—
—.—
———:
common share—.
—.,
set
"Amounts
company
entitling
EARNINGS
$45,000,000
10,000,00
120,000,00 shs.
issuance
March
warrants
assets
bid
Outstanding
"Unlimited
"Unlimited
but
amount
$3,554,932
on
FINANCING*
quirements of the mortgage and deed of trust, tlncreased from 2,500,shares to 20,000,060 shares on March 3, 1947.
tDoes not include
to
:
dividends
per
outstanding $6,200,000 preferred stock) to $18.56 per-share; of common
stock on the 1,638,898
shares outstanding, as compared with $18.90
at
281,224
1,580,963
2,282,946
;;—-—811,876
foreign taxes on income
7,313,965
dividends —'
Earnings
32,146
net
.valued
669,772
retirement system—
Net earnings
Preferred
Inc.—Report—
.2,373,984
$7 079 893
$
distribution—'—
Provision for Federal &
J
.
of
Profit sharing
$0.99,
2,578,230
000
shares
Depreciation
' 'i'
244,740,538
—
———
,
298,791,766
370,932,427
307,003,818
;
2,115,008
551,037
—-——
298,503
plant
—
;——
2,042,593
and administrative expense.^—
40,378.538
Selling, general
Contributions to employees',
1,641,924
Earnings per common share—
cf
31
1946
1947
■
■
MAY
STATEMENT YEARS ENDED
products and services—
—
Cost of products and services sold
—
Provision for possible inventory losses—
"Provision for war contingencies (Cr)__
$935,62,6
1,740,440
•
-
.
$
$1,760,413
104,375
555,000
$7,536,424
Authorized
"Unlimited
.
$5,049,990
156,391
1,677,000
$1,725,977
stk
'
.
$2,825,777
77,594
937,000
outstanding:
With all members of our
attain new levels of achieve¬
service
COMPARATIVE INCOME
$1,811,183
85,203
:
Total
of inflated prices.
period
freely cooperating, we can
in the months ahead."
team
and
198,161
taxes
manager,"
for
present
industrial
•
Dominion
1,697,759
bonds, 3Va% series due 1974
1st mtge. bonds, 3'f
series due 1977__
3V<% sink, fund debentures due 1972—
(no
the
of
$1,562,252
201,787
operations-—
Canada Ltd.,
and President Harry
offers the greatest
progress. ■ Relations between worker and
farmer and mocessor,
buyer and seller, manager and stockholder—
must
be
steadily improved.
The growing pressure of competition,
coincident with the return to a more normal buyers' market, provides
a
welcome
challenge to management.
We look forward to the end
ment
Profit
state:
Bullis
FUTURE
future, Chairman James F. Bell
"The field of human relations
to the
opportunity
2,863,420
$4,253,022
stock
THE
268.
p;
A.
Profit
2,104,783
mtge.
Common
successfully introduced during the year included the
apple me mix Pyequick and the Tru-Heat electric iron sponsored by
Betty Crocker.
■ :
1
The largest construction program in the history of the company is
currently under way, including a flour mill at Los Angeles, a package
foods plant at Lodi, Calif., and an organic chemical plant at Kan-\
kakee, 111, Remodeling of the General Mills office buillding at Minne¬
apolis'was. largely completed during the year, and important additions
to the buildings and equipment of the research laboratories were made,
products
New
19,619
2,260
—
Deprec.
year's
$9,975,311, compared with the previous
tax
.
___
$6,990,916
deductions
income
Direct taxes totaled
bill of $10,303,343.
t
income——
debt
Net
medical
dependents.
their
funded
on
employees' health association that will help provide
and hospitalization benefits for all employees and
the
to
additional
12,996
.
$6,672,548
(net)
income
100,000
12,120
28,221
revenues—_
CAPITALIZATION
1st
$50,045
1,910
2,693,186
oper.
Gross
Total
$10,077
1,114
ry.
The
Other
$5,434
oper
rents
Other
butions
$76,520
income
——
Railway
Net
also
Earnings
50,000
<»--
materials."
90,000
50,000
—
Wyatt, Nea! & Waggoner
50,000
•
500,000
Co.——
Watkins,. Morrow & Co._
Weeden & Co., Inc
.100,000
&*Co.___
Masten & Co.—
1,000,000
&
50,000
Co
Milhous, Martin & Co.—
—V.
750,000.
Inc
Thomas
100,000
Moran
50,000
50.000
Inc.
Inc. — 19th Annual Report Reveals
Million—Earnings $914 Million—Wages and
Salaries Reach $37]/2 Million—In its 19th annual report,,
issued
to stockholders and employees, General Mills,
(makers of Wheaties, Gold Medal Flour, Betty Crocker
Soups, Bisquick, et al.) reported "an all-time high in the
value of goods produced and services rendered." Total
sales were $370,932,427, compared with $298,791,766 for
the preceding year—"a considerable part of this increase;
was the direct result of higher costs of grain
and other
Mills
General
Co.—200,000
Pomeroy,
alphabetical
alphabetical
possible.
as
Sales of $371
&
Preesprich & Co._
Schoellkopf,
Martin, Burns & Corbett,
Mason,
Copeland
&
position
>
100,000
750,000:
.
Salomon Bros. & Hutzler
Alle-
,
Lyons
W.
Putnam
100,000
&
100,000
___
Kendall, Inc.—■
R.
&
Space
W'heeler
—____ __
Patterson,
—300,000
Co
&
Co.
it is not always
reasons
to arrange companies in exact
However, they are always as near
Common
taxes
Net
below.—V.162, p. 1391.-;
&
Inc._—
Graham,
Gregory
H.
Son
Carter H. Harrison & Co.
Co
&
Faiiset, Steele & Co,_t
profs.
exc.
Inc.,
mechanical
NOTE—For
order.
—
1944
1945
1946
2,187,400
2,183,824
Prop, retire, res. appros.
Taxes—other
—■—Calendar Years
31,'47
Corp.—Merger Possible—
Locomotive Works,
Lima
See
pos'ible
Otis & Co.—________
Burr,
Dain
M.
Pfd.
$26,553,546 $26,048,846 $24,885,843 $22,696,403
11,251,164
1.0,430,093
9,006,108
8,131,480
1,565,423
1,534,633
1,743,754
1,313,286
Operating revenues
*$0.21
of $5,306,835 received in
Securities Corp.—V. 166,
;
debentures
75,000
350,000
500,000
Inc.—_
Inc.—
Co.,
&
additional
transmission and distribution facilities and
■b)
gas
production and distribution facilities required to meet the
growing demands for electric and gas service in the territory served
by the company.
•
:
electric
•(a)
$1.32
General Machinery
-
Newhard, Cook & Co
&
after
;
■
provide
to
used
$0.26
on
.*•
268.
-
Mullaqey, Ross & Co.-—. $150,000
Nashville Securities Co:_ '
75,000;
Co;
&
of
amount
'
583,200.000
fund
interest to date of
redemption,
will require $14,867,213; (2) to redeem at par $750,000
2%%
serial notes held by Chase National Bank New York, whiclv,
exclusive
of
accrued
interest
to
date of redemption,
will require
$750,000 total $15,617,213.
The net
proceeds to be received by the company from the issue
and sale of 100,000 shares of Common stock, wi'l be used to redeem
at par the company's 2%%■ serial notes due 1948 to 1954 (Jan. 14 and
July 14), held by the John Hancock Mutual Life Insurance Co. in
ihe
principal amount of $2,500,000. Accrued interest on the serial
notes to date of redemption will be paid out of the company's treas¬
debentures
*5,980,179
of each principal under¬
name
100,000
J.
following
the
for
4,500,000
37,979,536
t-Inciudes non-recurring' dividend
connection. with, liquidation - of
Electrical
"Loss.
p.
&
W.
proceeds
after deducting estimated
The net proceeds will
$20,098,070
he
3,750,000
7,721,401
2,250,000"
110,000,.
—
*
PURPOSE—The
share
per
•
21,215,886
.
28,845,927 shrs. issued
-
San-
&
'
$0.74
for period
Earnings
82,000
330,000
13,278,974.
*17,480,179 ;
Cr7,000,000
i
-
/.
55,000
follows:
as
are
Co., Inc._—_,
DEBENTURES—The
1,
White,
Net,income
220,000
-
—'1,500,000'
572,000'
,v.
.Co.'—'
and
income
on
(Cr)
6,938,682
8,471,401. 57,229,536
3,000,000 23,000,000
33,415,886
13,700,000
adjusts. & con-.
tingencies
Corp.—
Thomas
taxes
50,230,854 *20,759,153
'* •
1,612,387
1,484,222 -
(net)-
-
Postwar
487,526,216 242,790,453
other
from
Federal
,
6,859,014
31,931,664
Total.*■■ Income-—
1
Co.—
&
.
272,006,239 154,745,542
sales.—
from
sources
Sons
350,000
500.000
Burr
Coffin
Leedy,
bids.
suggested
now
other
303,937,903
Income'
•
Stokes
Harold
the
and
debentures
the
—
150,000 shares of preferred
is
It
&
American
W.
UNDERWRITERS—The
Stuart
Inc.
that the company arrange to sell an issue
through negotiation with bankers rather than by competitive bidding.
for sale July 29
stock but received no
(ship-
&
r_
Income
110,000
a
&
E.
220,000
underwritten
Hirsch
also put up
Stix
220,000
572,000
.
billed
exps.
charges
55,000
<fe .Chris-
Stein Bros;,& Boyce-__-__-
572,000
DEBENTURE
writer
;
submitted for the bonds, all naming a
Co. and Central Republic Co.,
101:7801;
101.1699; The First Boston Corp., 101.219;
&
Inc.,
Cc.
Inc.
Swiss
Weeks
1947—6 Mos.—1946
$
*
$
572,597,000 389,696,000 '
' 161,604,556 5 3 7,757,070 222,031,300 '
300,058,000 277,921,000
—_
ments)
82,000
Inc.
Rollins
H.
•
220,000
Co.—
&
E.
received
sales
Net
■
-.
Walter
Company
&
in rock drills, air
products.—V. 166, p. 370. ^
expanding business
1947—3 Mos.—1946
$
$
Period End. June 30—
165,000
Winslow,'
Writer
tensen.
&
Company;
______55,000
Inc.
>
.
.
100.3412 for 3V2S.-
Lehman Brothers,
Stone
Illinois
Kalman
166,
V.
Co.—Earnings—
General Electric
'
110,000
Co.—
Inc.
Peters,
165,000
165,000
220,000
•
Hano
& Co.■
West &
Perrin,
165,000
—
its
on
.
$100,000
110,000
Park-Shaughnessy & Co..
55,000
——
Hayden,
-
$939,722;
„
,
and other allied
pumps
compressors,
Orders
—
Northwest
Pacific
&
Haupt" &- Co
Hornblower
was
July 29,
on
The First
bids
Other
Drexel
competitive bidding
at
and
for 3%s,
101.039
Corp.,
awarded
were
100.19 and the bonds at 101.8907.
submitted for the debentures were
at
bids
Marache
&
Newton
M.
E.
165,000
Co
&
Granbery,
•
Other
Corp.
Corp.
Clark
W.
Richards & Co
of Michigan Corp.
First
publicly offered July 31.
The first issue consisting
$10,000,000 3V4% sinking fund debentures due 1972
was offered by Halsey, Stuart & Co. Inc. and associates
at 101 and interest.
The second issue comprising $10,-
Co.——
Farwell, Chapman & Co.
Field,
of
Both
and
Sullivan & Co.
concentrate,
henceforth
Costs,
Newburger
110,000
Dickson & Co., Inc.
S.
($1 par),
Co.—Sells Governor
.
Mason-Hagan, Inc.
572,000
572,000
110.000
110,000
110,OOo
Co.
&
Securities
City
stock
Business—
The company has sold its Governor business to the Wiebmer Machine
Shop of Quincy, 111., officials, recently announced.
The company will
•
-
.
—$3,209,000
Inc.—
Co.,
Richard
were
debentures
&
Boettqher
Securities!
Light Co.—$20,000,000 of
•
Brothers—'
Blair
'
'
'
'
Gardner-Denver
each" principal underwriter
of, bonds underwritten are
of
name
principal, amount
the
and
Stearns
Bear,
157.
p.
,
sales, for the
derived from
commercial customers,
government and mu-
from
customers,-
follows:
2.50
,
39.9%
UNDERWRITERS—The
bonds
the
Dempsey
Power &
Florida
of
common
few customers
a
customers,
industrial
from
Almstedt
3.00
—
rural
and
Lehman Brothers
268.
p.
Offered
man, Inc.
.
as
Inc.
—
Johnson, Lane, Space and
Co., Inc.
Florida Securitiees Co.
(not Inc.) ____
Leedy, Wheeler & Alle-
6.00
Bear, Stearns & Co
Ooldman, Sachs & Co.
to
and
7.3% from
nicipal customers; and 1/10 of 1% from public utilities.
9.1%
$6,200,000;
par),
($100
stock
preferred
$1,638,89&; capital surplus, $14,802,799; undistributed income,
undistributed
security
profit, $868,139; total, $24,534,308.
company's, total revenues from electric energy
ended March 1947, approximately 43.6%
was
BOND
5.50
rendered in Miami, Daytona Beach,
in Holly Hill.
service is
Gas
Palatka
months
12
5.50%
L. F. Rothschild & Co.—
Shields & Company
Clement A. Evans & Co.,
15.00%
Peabody & Co.__
Lynch,
Pierce,
Merrill
$6,025,906; other securities
(at cost), $18,120,182; total, $24,534,308.
•
" •'
LIABILITIES—Dividend on preferred stock payable July 1, 1947»
$69,750;
reserve for
accrued taxes, etc.; $15,000; ; $4.50 cumulative
securities (at cost),
United States Treasury
and portions of central and north central Florida. ..
is rendered in 332 communities, the more important
aiea,
residential
preferred
$149,330;
$169,140; cash deposited for dividend on
dividends receivable, interest accrued, etc.,
$69,750;
territory
and
the
Of
$1,091,490
$1,651,169
$771,034 in 1947
'•
1947
30,
JUNE
SHEET,
BALANCE
operations.
is Miami.
Lakeland
of the principal underwriters and
common stock to be purchased by'
names
percentage of unsubscribed
are
as
follows:
Kidder,
coast
"
ASSETS—Cash,
the
Electric service
of which
Cr310,500
UNDERWRITERS—The
the
of
sold amounted to
1946.
in
$1,305,561
stock,
territory
of
west
Special credit
the
and
profit on securities
2—Net
NOTE
28,
served by
the company with electricity
comprises '•
along the east coast of Florida, with the ex¬
Jacksonville area and four other municipalities where
municipal electric systems are in operation. It also serves the
agri¬
cultural area around southern and eastern Lake Okeechobee; the lower,
The
ception
$1,615,220
—.—
merchandising
most
repre¬
—
senting prov. for loss
on sale of gas prop.—
Balance
oWn
1,214,066
$1,651,169
$1,440,401
$1,541,210
period—
for
inc.
Net
Special
7,851,274
$2,430,341
197,075
$2,655,537
1,114,027
______
deductions—
inc.
Total
$10,474,445 $10,156,954
8,167,892
$2,502,444
152,793
—
(net)
income
Other
Florida Dec.
formed in
was
utility corporations and municipalities.
Tne company is an
operating public utility principally engaged in the business of gen¬
erating, transmitting, distributing and selling electric energy. Company
is
also
engaged in the business of manufacturing,
distributing and
selling gas.
Company operates wholly within Florida.
Of the total'
operating revenues of the company for the .12 months ended March 31,
1947, approximately 94%
was derived from electric
service and 6% *
from gas sendee.
Company cooperates with dealers in the sale of
eelctric and gas appliances to its customers, having discontinued its
■
8,757,716
& taxes
exp.
BUSINESS—Company
other
CONSOLIDATED EARNINGS
Year End.
Years Ended Dec. 31
Mar. 31,'47
1946
1945
1944
SUMMARY OF
Total
&
by consolidation of Southern Utilities Co. and Peninsuia Power
Light Co.
Since that date it has acquired properties of numerous
1925,
population of approximately
a
3,752,950
L"
2,109,159
1,340,589
1,325,127
25,672,388
29,330,913
>
trade-marks, trade names, and water
rights
—
115,751,006
108,991,064
Volume 166
Number 4617
THE COMMERCIAL & FINANCIAL CHRONICLE
LIABILITIES—
Accts.
payable
Accrued
Thrift
& accrd.
taxes
9,851,566
(oth. "than taxes)
exps.
:
___
6,985,962
11,974,248 «'
10,506,241
_
ASSET'S—
officers
of
Dividends payable
Dividend
on
1,087,712
431,157
361,214
U.
1,496,379
100,000
100,COO
Funded
9,600,000
9,700,000
stock—payable
debt
Reserves
for
Reserves
self-insurance
Reserves for
cum.conv.
preferred
preferred stock
cum.
"'Common
!
stock
surplus
Earned
surplus
Total
stock
par)——
($100
i:
'•_*__!_
717,607
9,999,500
9,999,700
22,147,300
—
22,147,300
16,692,260
16,692,460
!
;—
8,023,166
——4——-—-—21,141,195
by
1,995,172
shares in 1946.
in 1947 and
par shares
,V •
no
!
At
the
consider
for
purposes
meeting
which
to
Aug.
on
sales
of
General
>
-
*
quarter
Alfred
P.
$1,746,421,483
and
Sloan,
president, reported July
As
in
the
to
30
quarter,
first
the
for
Chairman
Jr.,
$941,568,274
six
first
1947,
amounted
924,032
to
473,805
the
for
trucks
and
cars ;
half
first
demand
for
the
'*
1947.
of
levels
during
althongh
of
the
second
expectations
and
shortages,
iting factor.
'.
1946,
net
effects
of
plies.
Of
plant's
and
in
trucks
1946.
Net
Net
strike
United
the
for
'•'/
.
income
second
for
the
$1.78
during
share
per
in
the
NOTE—The
to $147,622,834.
preferred stocks, there was
680,
equivalent
Provision
taxes
the
for
totaled
first
The
to
$3.20
of
amounted
to
United
a
months
for
of
of
shares
regular
the
for
The
stock
income
foreign
second
1947.
and
and
quarter
^
-
the
of
In
ages.
was
the
United
net
loss
was
rolls
pay
Total
in
the
The
//■—/'
i
and
the
Fisher
land
The
ments,
quarter
load
and
in
Division
376,937
the
cabs
General
its
said,, such
and
first
quarter
Motors
The
the
of
the
of
ten
General
and
the
and
many
years
assembly
'
automobile
Net
'
the
A '
' I
Total
Cost
of
Cor-
Body
assembly
and
assembly
.Deprec.
of
It
and
and
plant
'
continued
technical
plant,
.
foreign
exc.
...
the
unit
Bal.
>.
of
acres
1
•'/
■'•'... !.
•.
" $
Amt!
and
'
,
and
l—
/-■'/„__!„
'
10,567,217
1
•
*
—
/" ■/■
«'»/.•
fiCQoncf
and
30,
'
//..
'
com:
the
'
'
-"%• !•!-•-!
'
'
* ■
15,718,473
16,320,573
147,622,834' 1119,804.090
June
-
2,294,555 V
,i,.
6,464,154
in
Charge
Mr.
the
Willow
Run,
Mich.
The
Rototillers 25%,
of
165,
new
plant, expected to in¬
be in full operation by late
will
RR—Earnings—
1947
1.943
railway
oper. income—_
1945
,-1944
the
in
Cement
$2,984,000,
589,954
r$3
459,208
"'162,611
676,527,
413,164
United
dollars
Net
for
ry.
Gross
the
first
$5,629,700
15,449,000
17,857,000 '
18,573,000
''-425,945
3,979,888
4,224,261-
*1,611,219
2,465,733
2,651,217
1345
1944
54.
p.
.
from
;
^
,1947
,
„/
1946.
^141,917
railway.——
income
oper.
from
3,956,125
9,035,769
2,736,113
3,025,566
2,759,243
74,303,334 /98,695,166
1,828,826
7,930,437
:
railway—_
85,648,508
railway—17,626,786
11,408.184
30,634,485
98.417,835
33,356,070
income—7,103,605
4,025,564
11,175,166
12,005,501
from
Net
ry.. oper,
166,
54. ".
p.
•':
•
' '.
.
Group
the
,
Securities, Int.—Earnings—
EARNINGS
Income
from
FOR
THE
dividends
SIX
and
MONTHS
ENDING
interest—^
MAY
31,
1947
$1,775,907
—
30,'
19461.
for
*$&29,486 '
■
600,992
of
months
second
six
the
•
-$3.20
months
second
.
_________—______—_!
"'No
$0.57
provision
for*
counts
the
has been
six
made
months
•
■
from
sale
of
■/
,v,-
.
the
'
./
BALANCE
ASSETS—Investments
for
the
week
103;
ended
July.
in
bank,
interest
$32,878
319,771
profit
42,377
44,957
5,807
$352,649
-
Net
37,111
38,053
Net
27,040
Net
as
securities
,v-
for
Federal
income
tax
■
for
six
months
ended
1
for
stock' ($1
par),
165, p.
*
.
•
ended
quarter
Nil ;
-
JUNE 30,
and"
ended
June
and
and
30,
the
six
and
month
for
166,
C00
.
United States-from
■
*
•
certain
foreign
2,241,016
*237,284
816,894
31,329,221
3,138,317
*984,222
39,292,261'
35,720,497
_!
9,119,540
■*-—
—
3,686,779
/
,
/
.
of
July
President,
3%%
Life
taxes,
etc.,
$13,781;
$1,602,461;
surplus,
$13,494,530;
pfd.
.
1946
.
1947
Co.
income.!!
periods in 1946.—V. 166, p. 268.
same
The
1
Dec.
$1,281,216
pV 54.
1945
1944
$661,111
$807,073
210,654
274,661
184,703
232,520
■
3,789,011
4,851,430
of
219,156
1,235,906
1,819,549
38,071
,
•
1,037,631
shall
be
of
the
company,
each
ten
shares
announced
to
held.
be issued on the basis of
Date and detailed lei ms of
shortly.
■
& Florida
June—n
"
-Grcss
from
.Net
ry.
From
Gross
•
Ry.—Earnings—
■best
1947
1946
1945
1944
$421,031
$559,546
$514,485
88,941
26,610
5,049
216,210
71,731
161,709
17,917
3,111,032
2,838,541
3,418,176
3,393,824
800,320
516,195
1,355,281
1,291,810
280,696
159,981
railway—.
oper! income—
40,997
a
per
$14,725,931
were
of
1946.
$4.60
per
He
or
added
increase
an
that
the
share
on
the
were
Net
from-
Net
ry.
railway!!!!
railway—
/income
—V."166; p; 54. " '
oper.
and
$8.86
shares
<
41-3,387
1
334,772
on
all
the
over
the
other
69,873
same
shares
reserves,
per
share,
outstanding
but
compared
as
June
in
high
the
further
history
level,
T.
with
said
of
the
that
results
corporation,"
substantial
Brown,
"the
backlog
of
for
and
the
30.
were
that
orders."
period
the
"sales
•
continue
at
•
Treasurer,
has been elected a director,
to
.fill the unexpired term of F. W. Dows, who resigned.—V, 165, p. 2546*
>
'
61.94%
earnings
taxes
60,000
of
-
Brecht
John
January 1—-
from
new
offering
,
1947
Mr.
$472,247
railway—!!
one
■
1947,
outstanding,
after reserves
for
subject to year-end adjustment;
1,587,488
stock dividend of 50% payable
15, 1947.
that the holuers vf the shares
subscribe, at $35 per share for
dividend of 75 cents per share and an extra dividend
share was declared on the common st ick, payable
to holders of "record Aug. 18, 1947.
An extra of 50
was
paid on March 1, last.
'
A. Brecht, President, stated that sales for
the first six months
cents
2,
period
.
a
resolution,
entitled to
quarterly
25
cents
of
declared
29
by
company
for
be
July
on
provided,
shares
•Sept.
5,203,569
..493,768
316,074
Dividend—New-
to shareholders of record Nov.
also
the
.A
$859,587
75,550
44,900
•'.,/.,
directors
1, 1947
They
will
3,921,838
■
.
Cash
Director—-
W.
railway_!__
Stockholders—25-Cent
Rights to
share
103,034
/
Hajoca Corp.—To Pay 50% Stock Dividend and Issue
130,693
'
/
1
$661,488
'•
notes/ in amount
serial
company
reduced
of
: <
The
$20,-
:
-;
-1946
102.
$1,700,000 and
The company will use the :
4/2%
and
.
at
A,
purchased
effect to the financing, the company's service charges will
by approximately $100,000 annually.
!
The
company's net income for the six months ended June
1947
amounted to $317,978, an increase of $26,000, as compared with the
3%
stock
1946
$1,379,818
series
debentures,
Insurance
short-term
indebtedness.
The
remaining
for property extensions and im¬
other
by the
used
;
that the Federal Powef
application for sale of $2,200,»
America, $500,000.
the'outstanding 3%
and
be
:
Privately—,
Giving
r
July 21— *—-^-Jan. 1 to July 21—
$45,325
will
5,018,38St
'
-
provements.
be
$2,268,750;
total,
retire
to
of
13,743,056
announced
24
fund
sinking
Mutual
$1,360,000,
funds
'
Service Co.—Places Issues
1946.
-
oountries
Hyde,
25-year
funds
payable,
etc.,
$24,947;
$145,100; due for securities
expenses,
$48,600
Georgia Southern
.Net ;from
_
$6,727,147
435,057
——
54.
p.
the Modern Woodman
with
June
reseTVe
for
postwar contingencies and
rehabilitation
during the period ot absorb costs of postwar reconversion.
\ tILoss.;
' '
•'
"
v NOTE—Net
income does not include
profits, realized abroad which
were,
$4,902,577
1,386,529
,'!
-
—
166,
'
1945
579,345
income
Massachusetts
dividends,
the
$3,506,178
ended
C.
•
•
$2,979,556
1947
six
—V.
30, '"
the
oper.
:
1946
!
railway———.
railway
oper.
ry.
G.
.
:v1947
from
? -.
.
/■//!'•/•;.'• /'
■.!!'
Gulf Public
June
1947
2670.
/Net .from ,l^ilway-^-—!
'.Net ry; oper./.income!!!
con-
June
and
ry.
'
;
1947
Commission had approved the company's
1947
371;/-
:
$5,824,043
income
"'Deficit.—V.
I
;
!
railway
from
from
Net
272,198
investment
v
against; cash,
reserves
$35,605,892.
RR.—Earnings—
railway-.__——
oper.
ry.
Net
279,290
272,060
regulated
a
Jfrom
Grcss
From January 1—-';
Gross
■
.
,
from
From Jan. 1—
4,824'
$283,880
272,090
taxed
be
accrued,
loaned
Gross^frpm.,rai)way___r
from'
railway_i__!! "
:
total,
m
$7,456;
p.
'/!
.
June—!
$349,207
$502,470;
securities
V. 166!
$197,048;
dividends), Dr$141,158; unrealized depreciation
investments Dr$14,301,352;
totals $85,605,892.—V.
security
54.
p.
Gulf Mobile & Ohio
26,500
$303,545
272,089
of
A
.
securities
(at' closing market
securities selling ex-dividend, $514,accounts receivable, $221,281; dividends!,
(after payment" of
■
5,158
sale
on
i
on
receivable,
of
V
4,747
" "
■
1947
'
$365,123
$417,601.
31,
LIABILITIES—Accounts payable, $483,486; accrued taxes, $18,872:
($.01 par) $200,169, paid-in surplus $99,229,616; undistributednet income $116,259; hndistributed realized deficit on sale of invest¬
319,789
39,750
to
ac¬
:
$29,418
362,958
45,871
•
the
capital
1944
$396,68o
*
in
/
marketable
$3,493,308;
(net)
1945
$33,727
;
,
BALANCE SHEET,
for
cash in
accrued
166,
1946
$455,491
has elected
taxes
1947.',
31,
MAY
.
Gross
corporation
May
SHEET
dividends
and
Corp.—Weekly Output—
10,121
,
income
Federal
for
ending
'
realized
was
corporation
$38,321
23,214
—_
ments
income
June—
I
$1,442,767
quarter
restrictions exist.
taxes
Net income
$1,395,04?
Net' gaip on sale of investments^—501.094
600,982
$0,88
for
;
1,1
$341,034
600,992
1947
"Net
" 44,084,240 ' 44,059,246
>
-
received
*
■:}Georgia RR.—Earnings—
"
quarter'and
$974,026
not -remitted ^to the
$417,218
_
1945
V" "t
-
357,651
_______
•Provision
(& Subs.)—Earns.
-
.
;
half
in
! 1946
-
railway—_ $15,595,444 $14,017,296 $20,950,031 $19,248,461
Net
—V.
for
'
■
Northern Ry.—Earnings—
from
Net
were
32.040.000
4,722,868
2,260,811
railway..*—
railway——
income
oper.
From Jan. 1—
there
338,683
'•
: '-Deficit.—V. 166,
Gross
Co.
with
from
from
ry.
Great
133,064,674 kwh.,
an
increase
of
13,103,379
the corresponding week of 1946.—V. 166, p. 371.
Operating'- revenues-!!!
:
eight
head¬
3394.
p,
June—
tOi
over
_!_!___
-
.
of
has'
Bell
last
$3,098,000
new
4,589,110 V
'
: $0.32
quarber, and -six
exchange
Vice-President
178,280
-
'
44,096,390
second-
$4,086,811 for the
where
named
$3,8x5,000
will
through a statutory
Signal Mountain Port¬
""
Fed.
this
Period—
: +
$1.78
and
dividends
.
sales
predecessors
—Week End.
147,622,834.1140,937,013
21,132,923
v
1946.
_
been
$2,900,000
:
Georgia & Florida RR.—Operating Revenues—
of
,
;
1947,
utilized
_
who
$0.69
income
207,026.—V.
116,215,000079,495,000
!>•>!/.'/!'/■%
,602,100
81,804,815 1
share,,
$901,291
ended
Total
common
21,060,380
vi,ni,e5r?^ngs
or losses (net) of subsidiary companies not
|°"aated (dividends and interest .received amounted to $2,031,174
-tlncluding
in
- due
Dec.
1, 1960, $2,650,000; $6 cum. conv.
(optional stock-dividend series), stated value $25
per share,
?
'
■
in¬
795,546
;-./■■•■'•"■
.
,
r,
/
f
months
to
Co.,
compared
share
_______________
purchased,
debentures,
'
,
'" '
\
44,072;090
for
-has
railway—__
Net
Net profit amounted to
$1,058,500, equiva¬
share, compared with $852,900 or 85 cents
166, p, 371.
and
LIABILITIES—Interest
21,132,923
.
■■.
60,450,OOOCr26,711,000
r
shares
1947 -and
Other
due
■
com.
of litigation
in respect of
the company.—V. 166, p. 158.
by
from
Gross
banks, $413,761; Investments in U. S. Govt. securi-V
investments in other securities, $19,178,874;
dividends
and
interest
receivable, $91,819;
receivable for securities
sold, $1,780; special deposits for
dividends, etc., $18,322; total, $20,207,026.
/
......
;.
;
'
15,051,000
stock.!.-:,13,232,677
no; " of
result
a
will join
Graham-Paige immediately, making his
York, Pa., where the company is moving Its manufacturing-:
from
Net
determined later.
financing by the
Shareholdings Corp. -Earnings—
ASSETS—Cash
52,439,892
•. on
com. -W-.. v -.!Tr *'
_V-i.__i._-_l' • ,78.572,738. - 14,026,018 f 141,158.680
1124,393,200
' 33,051,055
22,047;697,
66,'l22,603 55,063 277
Earns.: per
its
407,049
tiest at cost,
dividends
Average
chgs.
amounted
NOTE—Net
.
•J
and
_
&
make
earlier.—V.
output.of
10.9/f,.
General
30,
"
6,041,869
71,550,367
10,567,217'
'.•••/•/
special,.
earn.
stock
Common
after
4 155,586 ; 113,096,083
Rr3,621,470
10,324,000
taxes.!
pfd;.
income
on
From Jan, 1—
19,r 1947
Portland
.
.jA-'A 81,804,815
credit.:^ .
.income
on
Freres
will
stockholders
as
company and as such should have no
liability
in, respect of the above net income.
!
,
Net
Divs.
or
..''The
i:
•
-
credit
inc.
period.
common
year
per common
1947
Net
of
1,746,421,483 492,260,800
28,141,087
14,640,692
S.
before,
.
Trinity
Preferred dividends
v
•
1944
1
Net
car,
.culmination
1947—6 Mos.—1946
3,479,331
pits.
income
income
sSpecial
a
electric
*Taxes
largest
design.
15,718,473
profits
new
certain
Cement
company
and
to
$6,447,500
General expenses!
Interest:-
production.".
is
29
the
,
produc¬
car
important
an
program,
111,337.037
amort.
U.
as
owned
.'June—
divisions
two
!'■:•■''
38,136,046
bonus
for
of
Feb.
on
Portland
Income—Interest
im¬
these
$
re-
equipment
Frov.
formed
6 Mos. Ehd. June 30—
.
in
ad¬
estate,
Employees'
$0.46
1945
1947, $488,986 in
taxes
Grand Trunk Western
in
1946V1'
statement
Lazard
expected
be
represent
information
General Public Utilities
944,573,023 419,452,476 1,746,955,599 495,206,586
expe.—
and
■
31,
J
Dividends
comprises
3,151,401
—
and
postwar
real
.
to
is
cement' manufacturer
available
and
the
per
safety
many
-
conversion
f
$238,098
$0.80
$579,024 in
Bell
prices); $81,180,152;
The
chgs.— 738,433,939 391,134,599 1,366,504,090 521,005,404
gen.
carried
'
of
improve¬
engaged
embodying
represents
Rrl46,652
sales
of
of
was
,
ministrative
Cost
not
"In
-
"
Selling,
price
a
addition, a profit of $486,576
investments.—V." 165, p. 2546. ! '
that1
Train
and
also
was
policy of
progress' of
construction
area
-;
_
oper.
t$322,735
$1.61
Canadian
recovery
from
summer.—V.
Gross
par).
it
Capital shares outstanding_________
25,
$
income
other
largest
Florida
Co.
for
profit'
kwh.,
the
the
1
'
equity
income
1946
$647,668
$2.02
patent
production
crease
30,
1947,
30,
registration
a
($1
which
.
of
$1.06
Earnings
/
941,568,274 417,310,182
Motors
poration's
tOther
at
will
made,
SEC
stock
income taxes_____—____—_____
,
1947.;
of
Chevrolet-
new
convenience
1947—3 Mosv—1946
sales
fGeneral
Net
$562,000,-/
Motors
CONSOLIDATED INCOME STATEMENT
:
basis
amounted
to
mechanical
similarly
operations.
of
Per. End. June 30—
''
sales
share
incorporate advanced,
cars
Truck
A'
postwar
assembly
; ;
He
years.
,
Three Months Ended June 30—-1947
V,
comfort,
trucks,
marked
body
V/ .;;//!
the
ccmmon
General Precision Equipment
Corp.
there
developments
at
numerous
GMC
reflect
Lnes
has
Motors
Chevrolet
truck
June
Dec,
at
1947
Expense.
"//' !:■'•/•'"" '■'•••
General
operations
ended,
Chevrolet-Fisher
new
.in
Cement
per
longer wheel bases, larger bodies and
heavier, stronger frames and the engi-..
for
quarter
which
half
and
years," the report declared.
"As in passenger
material shortages are a limiting factor in truck
tion,
when
corresponding 1946
dividends -on
the
over
_
a
a
Harold
operations
as
plus
bodies
improved
new
with
29
of
of underwriters
1946.
1947
lent
including the introduction by the
Advance-Design line of "trucks
of
features
model changes on its line of
provements.:
"The
for
Government,
,
and
for
George
612,180,442-
in June
$30,239,486
371.
Distribution, according to Joseph W. Frazer, President.
been, with Willys-Overland Motors, Inc., in Toledo for
1,642,382,142
$1,251,234
States
of
166, p.
(& Subs.)—Earnings—
$809,134
new
dedication
inauguration
As/the
advancement
the
in
second
the
quarter,
of
the
distribution
of
drivers.
$81,330,000,
regular
r■
several
second
cars,
report
neering
of
after
months.
construction
the
better
-
adjustments
equivalent,
$292,000,000
the
Motor
and
July
shares
group
•
"seventh
the
on
Net
of
loss of $0.55 per share of common stock.
of 378,569 employees on the corporation's
reviewed
and
credit
Body assembly plant in Flint, Mich.
new Chevrolet trucks and commercial
•design
of
a
second
six
commercial
Tomorrow
tax
$19,804,090,
were
during
Chevrolet
or
year
average
first
report
"occurred
.
States
of
an
payrolls
in
000
United
amount
158.
p.
^
preferred stock, to
/There
in -the
filed
a
The company
ccnsolidation of
for
pointed out that income figures for the correspohdfng
last year reflect the effects of strikes and material shortthe second quarter of 1946, after taking account of credit
to
a
34,850,276
Company has no funded debt. As of June 30, 1947,
outstanding 999,998 shares of common stock, ($1 par).
adjustments of $28,466,000 for United States income and excess profits
taxes, net income amounted to $16,320,573.
This was equivalent to
$0.32 per share of common stock after
providing for regular dividends
on
the preferred stock.
Jn the first six months of 1946, after giving
effect
against the
two
'
The
profits
excess
sixth
the
/
$116,215,000
head
offering,
States
the
on
.
report
periods
34,850,276
of
on.
shares
into
Graham-Paige Motors Corp.—New Executive—
______
/■'1. V'.'.i
operating plants ,in Tampa, Fla., Chattanooga," Tenn.,
and Port Worth, Houston- and Dallas, Tex., currently ranks as
about
$141,158,-
'
and
receivables
company, but will be for the account
receive the proceeds from the sale.
The Company,
outstanding
dividends
ctommon
S.
$66,000
183,564,400
441,043,400
30>
June, 1947.—V. -166, p. 268.
100,000
will
*
.
was
number
providing
the
June
^public offering of the stock
for the first half
share.
States
$60,450,000
six
After
claim
in
company
covering
Co.
254,382
amounted to $81,004,815.
.$78,572,738, equivalent
1947
stock
U.
fringement of
-
General Portland Cement Co.—Files With SEC—
materials and sup¬
from General
Canada
.
available
per
doubtful
for
assets
collected
The
the
amounted
for
stock
Net
period, after providing regular dividends of $3,232,077 on
preferred stocks.
For the first six months of 1947 net income
the
183,564,400
100,000,000
743,258,226
$923,181
166,
hetd
be
3,000,000
1,973,414
441,043,400
^
'
reserve
and
was
reflecting both the
.
average
1,973,414
shares)
par
of
29,995,887
co
to
to
1946, $230,142 in.
$123,020' in 1944/
also
in
1944
after deducting
$100,440 for depreciation and amorti¬
zation and $28,515 for funded debt
charges,
tlncludes a net amount
805,588
43,897,677
■
meeting
stock
common
outstanding. common
Co.—Acquires Detroit Brewery—
provision of
a
for
quarters in
miscellaneous
lim-V
totals
shortages
common
the
major
export 'shipments
and
quarter of
the
on
high"
at
no
stock.—V.
common
"•After
119,535
1,192,440
-
1946,
§Represented
49,250 shares and 7,950 shares in June 30, 1946.
!/!/! V; /• ./•
second quarter and
quarter and 257,371
■■.,./
second
income available for
to
and
and
States
6,949,-620
15,170,535
—
(1,835,644
of
Koppitz-Melchers, Inc., below.—V.
1945
■-
months,, these
dealers
to
the
the
8,577,362
:
2,294,555
2,221,844,241
tAfter
of. production,
be
to
-"...
.1
$417,310,182
six
UAW-CIO
sales
Total
cars
totaled
first
continuing
lylume
35,380,211
reserves
share
6 Mos. End. June 30—
1—
69,974,901
,__i
Total
the first quarter, was still short
needs, the report stated.
It said
steel,*continued
•■'!/...■
the
the
customer
principally
sales
$492,260,800 in
Motors
of
total
the
125,000,000
:
surplus
1947
of
each
Split-Up Stock—
special
a
increasing the authorized
splitting
•Net
profit
__!
Earns, per com. share—
9,171,647"
surplus
and
quarter
,
37,597,976
-V—
notes
stock
Capital
131,335,805.
3,232,077
income
Earned
''
products
Motors
second• quarter,
higher than in
somewhat
material
For
General
for
on
$3.75 preferred
stock_____
Common stock ($10 par)_
sales
167,225,995
114>373,588
profits taxes.-
excess
at
115,119,386
conting. and rehabilitation
-preferred capital stocks:—
promissory
$5 preferred
"
With
&
vote
Gotham Hosiery Co., Inc.
-
inc.
will
Goebel Brewing
sundry
Contingencies and
miscellaneous
Minority interest—pref. stock of sub.
-
board, and C. E, Wilson,
than 437,000 stockholders.
more
payable
Deferred
the
of
shares
1,642,382,142-
168,509,950
and
items
foreign
Employees bonus
of
9,201,406
63,2.14,330
on
on
See
for postwar
2 Vt. %
the
for
months
&
stockholders
2
and
455,384,590
8,174,586
-
warranties
Taxes, warranties -and miscellaneous
Reserves—^Employees benefit plans
parts,
service
S.
Divs.
of products other than cars and
household appliances, Diesel engines
were
high in proportion to total sales, resulting in
dollar
sales
figures much greater than- indicated by the number of
cars
and trucks sold.
Total
sales to dealers and export Shipments,
from
General
Motors
plants
in
the
United
States
and
Canada
trucks, such as
and locomotives,
accrued
U.
19,
totaled
products
Motors
691,964,697
63,214,330
payable
300,000
$1.86
$3.53
Glidden Co., Cleveland, O.—To
The
Oct.
LIABILITIES
General Motors Corp.—Second Quarter ReportNet
second
121,392,564
§556,429
§2,955,424
etc.
payrolls,
$558,832
300,000
share
per
1946
$1,060,051
—V. 165, p. 2136.
44,269,009
-9,621,784
;
2,221,844,241
Taxes,
corporation was formed.—V. 165, p. 2135.
the
patents,
1947
taxes
—
130,677,579
39,610,075
assets
Earnings
1137,817,035
495,739,179
127.453,994
ccsnsol
stock, in
Accounts
Res;
held
be
etc
715,593,385
not
Total
the stockholders will
amending-the certificate of incorporation so as to change the
annual
receiv.,
cos.
investments
Goodwill,
1,995,168 no
■
notes
subsid.
Corp.—Earnings—
30—
profit
after charges and
Capital shares outstanding—
30,745,676
treasury
Real estate, plants and equipment (net)__
Prepaid expenses and deferred charges
To Amend Certificate—
■;
receiv.,
in
Miscellaneous
17,838,967
■
.
Other
108,991,064:
115,751,006
-
17,289,201
1217,612,563
accounts receivable.--
accts.
Common
8,023,166'
—
—_____
Govt,
Investments
619,336
par)—
($100
S.
Net
153,384,345
Inventories
2,287,637
1,112,510
_
e—
•Represented
par
1,337,419
1,119,219
-
_!1——
contingencies—
war
Capital
—i
—
purposes—
9 Months Ended June
$
328,454,202
Other
—2,287,637
contingencies-,
general
for
Reserves for other
3%%
1947
1,
July
_
Gleaner Harvester
1946
$
Cash
361,212
employees—--■
preferred stocks—_
on
com.
and
Debenture sinking fund current installment——
5%
19A7
■
■
accounts
t
(467)
CONDENSED CONSOLIDATED BALANCE SHEET, JUNE 30
Hart
A
&
Cooley Co., Inc.
five-for-one
holders
The
at
a
Jr.,
directors,
(Conn.)—Split-Up Voted—
split of the capital stock
special
meeting
July
in making the
was
approved by the stock*
30.
recommendation,
.....
voted to reduce thdi
par
increase
increased
be
also
See
$4,000,000 by
to
Co.
Bearing
Fafnir
transfer of $2,000,000
above.—V. 166, p. 268.
Opeiating expenses
—It
announced
was
on
Co.—New Financing Approved
July 30 that the stockholders
construction
The
Total
of a 45,000 kilo¬
improvements and ex¬
Net
at
164,
Trust
&
1946
1945
$253,005
$0.44
t$360,042
profit
$0.67
._
preferred
$5,460,042
April
on
1946.
30,
on
Split Stock—
operates
chain
a
stores.—V.
drug
of
166,
268,.
p.
*
(Stated
Currency)
Canadian
in
Common shares outstanding
share
common
August,
1946.—V.
165,
rector
K.
Dietrich.
Mr.
Mudge
Mudge Oil
Co.,
Dallas,
163,
President—
is
Tex.;
director of-the Republic
a
Period End. June 30—
735,765
Maintenance
255,233
Depreciation
Amort,
of
electric
Prov.
limited-term
,<<
income
,
taxes-
230,378
2,626,491
131,288
1,569,545
3,527,311
3,453,514
$478,546
$451,865
$4,177,924
65,234
$4,243,158
2,826
6,338
$4,445,367
60,161
$481,372
$458,203
$4,505,528
86,089
82,356
1,027,034
$395,283
operating revenue
Other
income,
net——
Income
233,661
144,746
;j.
Net
Gross
3,600
2,400
200
&
profits taxes—
other
n,
200
investments—
for Fed.
excess
All
162,473
—,
deductions
$375,847
$3,478,494
—.
.
1,058,759
,
applic.
pfd.
to
stocks for the period
$3,184,399
389,588
389,588
Final
——T-
3394
Gross
$9,943,393
U.
S.
—;
7,534,671
$1,202,405
taxes—_
income
Unemploym't
end
15,606,754
$2,791,182.
5,638,816
4,351,355
870,178
6,036,132
2,608,483
724,777
5,625,516
2,500,883
1,774,940
807,430
117,234
174,104
Raw
and
164,257
238 939
329',122
255,598
$33,613,580 $22,501,030
salaries
and
depletion-*
and
2,423,091
776,942
4,275,450
—$2,938,645
earnings
$1,738,101
65,259
712,850
146,486
639,051
130,616
1,421,215
—
dividends
Common
16,950,283
16,444,906
1,154,728
Cr34,311
$5,189,869
dividends
Preferred
$941,228
295,148
1,276,625
$952,564 $3,638,033 Dr$630,545
$0.62
$1.78
$0.25
"Incl.
income and
excess profits
taxes.
tStated on a basis con¬
sistent with three-for-one split on common stock.—V. 165, p. 3285.
$2,160,536
$1.01
Surplus
-
27,356,294
24,886,812
1,692,613
9,505,281
9,857,833
622.873
14,831,305
12,586,766
833,773
expenses
Deprec.
1947—6 Mos.—1946
$63,401,038 $35,456,834
other costs
mater.,
Wages
Subs.)—Earnings—
1947—3 Mos.—1946
-
share
com.
per
667,932
Kaiser Co.,
the reorganization program of the company were
at a special meeting of 'stockholders. Shareholders
a plan to merge the R. B. Rogers Companies,
in
30
upon
Rogers
the
distribution
and
Indian
of
business
the
as
surviving
remain
will
motorcycles
of
the pri¬
corporation, Mr. Rogers
'
arranged for $1,500,000 on a term
basis and following this the consolidated net current assets of Indian,
on a pro forma basis reflecting March 31,
1947, conditions, will increase
to
over
$4,600,000 as compared wiui approximately $1,600,000 prior
to the merger," Mr. Rogers declared.
"This $1,600,000 included $700,000 provided by the Atlas Corp. for the purchase of common shares
as
a
part of the plan of the reorganization," he added.
Upon completion of the plan the capitalization of Indian will con¬
sist
of 225,000
shares (no par) preferred, of which 210,298 shares
will be outstanding, and 1,250,000 shares (no par)
common, of which
793,126 shares will be outstanding and 75,000 shares reserved for
option to the management.—V. 165, p. 2799.
banks
two
with
Railroad—
Inc.—To Build
has contracted for the building of 52 miles of
railroad at a cost of $2,300,000 to connect the com¬
pany's new Eagle Mountain, Calif., iron ore mine with the Fontana
Steel plant by way
of Southern Pacific connection at Salton Sea,
218.003
420,861
240,022
387,808
442,673
855,330
434,797
822.759
$76,804
$519,366
$1,202,318
corporation
The
standard
Calif.
\
p.
oper.
Kansas Gas &
Ry.
oper.
expenses
•
1,309,585
113,896
$1,222,540 $10,341,695
1,139,414
8,538,261
80,703
666,535
135,176
1,058,823-
220,841
income
$51,765
"$132,758
$78,076
3,262
33,446
Kansas Oklahoma
"$129,496
$55,590
.___
4,241
Net
ry.
from
Net
ry,
3,223
$9,865
income—.
166,
ry.
55,039
81,853
127,385
86,495
1,364,297
786,712
2.297.353
1,223,530
353,323
535,752
2,078,062
1,130,353
489,437
income—
oper.
Kentucky Utilities
It
July 25 that the company
First Boston Corp., Lehman
353,686
railway—L
134,737
income—
1945
to spend approximately $14,440,000 in 1947
to its properties.
Early in 1947, The Middle
additional investment of about $8,000,000 in the
additions
for
made
an
plus and the common stock
prior to July 1,
1948, to
in the common
'
$2,651,286
$2,542,076
827,171
662,955
291,677
13,170,159
-.1,759,489
87,027
15,009,017
311,935
6 Months
Cost
Selling,
1947
$4,707,683
-
sold
administrative
goods
of
(& Subs.)—Earnings—
Ended June 30—
sales
Net
and
West
sur¬
of Kentucky Utilities Co. and has agreed,
increase by an additional $4,000,000 its
stock of said company.—V. 166, p. 159.
Kingston Products Corp.
1944
$2,352,172
307,442
25,596
has instituted con¬
Brothers and Lazard
plans
Company
1948
RR.—Earnings—
1946
1947
oper.
with The
Co., jointly, looking toward the underwriting of $13,000,000
of its preferred stock.
This stock has heretofore been registered with
the SEC.
It is proposed to be offered, for a limited period, to the
holders of the existing preferred stock which will be called for pay¬
ment when the underwriting agreement is consummated.
&
investment
$2,362,972
railway-
announced
was
versations
Freres
"$158,407 "$1,649,025
"$174,335
Co.—Preferred Stock to be Under¬
written—
268.
p.
June—
Net
1944
$347,696
194,379
1945
$453,148
273,386
166, p. 55.
Corp.
from
1946
$339,695
161,339
1—
railway
railway-
from
Net
„
2,503,271
1,234,349
574,738
income—
oper.
From Jan.
Gross
"$1,378,218
20,165
21,595
250,639
248,334
41,616
Net
Bonds Called—
Ry.—Earnings—
1947
$379,169
141,540
railway-—:
from
18,635
income
from
& Gulf
railway——
from
Net
"$111,522
41,493
Gross
Electric Co.—Debenture
called for redemption on
June—
Gross
"$1,396,853
3,825
oper.
charges——
Net
April, 1948.—V. 162,
6% gold debenture bonds, series A, due 2022,
Sept. 1, 1947, at 110 and interestPayment will be made at the Central Hanover Bank & Trust Co.,
trustee, 70 Broadway, New York, N. Y.—V. 166, p. 159.
$7,625,584
7,505,538
530,130
.<*986,769
facil. rents
income
fixed
later than
the outstanding
of
been
have
1947—6 Mos.—1946
1947—Month—1946
$1,696,087
revenues
rv.
not
879.
Harbor Belt RR.—Earnings—
Indiana
Ry.
Other
for
scheduled
is
Completion
—V.
Equip. & jt.
gauge
were
International Great Northern
278,215
$116,216
—
rw™
Deprec. & depletion—
319,002
(&
Johns-Manville Corp.
$3,077,935
340 000
130,219
J;axes
™
$986,173
1946
$5,936,300
166, p. 269.
All
Total
old-
taxes
age
-
143,000
—
-
Period End. June 30—
84,698
MotocycleCo.—Reorganization Gains Approval
steps
Total
18,235,438
Inc.—Sales 57.2% Higher —
1947
—-i
$9,334,307
Ended July 12—
sales
Net sales
$8,520,844 $21,026,620 $18,684,689
8,740,983
—•
_
revenues
York
New
Jewel Tea Co.,
—V.
and has
has been
who joined the company in 1924
branch office for the last 20 years,
Vice-President.—V. 163, p. 2440.
the
a
Retail
'
"Deficit.—V.
Net
$899,741
1,082,924
Jr.,
Paxton,
M.
in
elected
1944
117,795
Miscellaneous deductions
1947—6 Mos.—"1946
1947—3 Mos.—"1946
revenues
Expenses
$3,088,906 $2,794,811
(&'Subs.)—Earnings—
Hudson Coal Co.
Period End. June 30—
$1,982,665
Vice-President—
Jessop Steel Co.—New
Richard
fEarns.
favorably
Net
—VaI1656 p
charges
165, p. 3395.
served
$946,454
407,864
76,046
Railway tax accruals
_.N.ei income
Dividends
1945
$964,467
396,271
1946
118,333
Period End. June 30—
income
—V.
Net
$759,413'
185,181
$893,054
264,395
)„
268.
p.
"Loans
$1,735,447 $22,206,465 $20,203,152
619,419
9,165,156
7,351,938
148,778
2,526,560
1,691,266
150,236
1,870,946
1,997,599
$2,013,341
Chicago—Registers With SEC
$1,950,399
32,265
$1,862,313
598,469
——
-
and other deductions—
income
RR.—Earnings—
income
Manufacture
1947—12 Mos.—1946
1947—Month—1946
electric—
Net
2,306,392
railway
approved July
mary
Operation
interest
*
———
1
income
Gross
&
said.
revs.,
8,302,341
stock.
Houston Lighting & Power Co.—Earnings—
Oper.
85,682
(net)__
income
Total
788,548
Companies have already approved the
plan,
which will become effective immediately.
The Rogers Com¬
panies,
which make air-conditioning equipment and conduct other
manufacturing, export and sales operation, owned 33% of the Indian
2158.
p.
5,737,342
$1,831,503
*
30,809
—
.
on
Inc., into Indian.
Stockholders of
and of Stoner Mudge, Inc., Pittsburgh, Pa.
Foil: Mills, Danbury, Conn.,
—V.
5,426,945
income
ooer.
166,
voted
has been elected President, suc¬
also Vice-President and a di¬
Mudge, Vice-President,
P.
the
of
953,681
railway—
from
Indian
210.
p.
Hood Chemical Co., Inc.—New
ceeding
902,939
excess
-
preferred dividend requirements and after giving effect to'
stock split in September, 1946.
Preferred stock was
S.
29,168
407,152
575,853
688,773
424,237
$1,263,844
and
income
Pour Weeks
railway
oper.
ry.
—V.
1945
common
Leonard
51,105
railway—
from
Gross
$2,350,131
"$0.76
$3,780,694
"$1.26
$4,746,415
$1.04
Earnings per common share
in
13,029,826
750,565
4,547
767,363
652,663
633,870
taxes
profits taxes
income
earnings
Other
7,284,354
132,789
1946
$7,335,402
3,288,987
536,393
Federal
than
"Taxes
from
Net
1946
1947
'
profit
"After
911,121
1947
Net
4-flor-l
1,202,669
7,648
1947
$8,697,037
4,275,244
depreciation
for
other
Net
From Jan. 1—
QUARTER ENDED MAY 31
THE
FOR
EARNINGS
retired
1,767,941
.
Co.—Earnings—
Maintenance
372.
from
ry,
166, p. 372.
revenues
Provision
share.
Net
Net!
170,181
—
Straus
Net
$6,564,038
721,537
$2.13
to
Operation
9,769,555
June—
_
per
15,000,293
116,935
deducs.—
company
Gross
>
$15,491,923 $11,225,209
2,886,148
721,537
$5.36
"$3.74
profit
Earnings
1,286,698
1,962,645
Illinois Terminal
,
had
Operating
120,000 shares ($1
per
1947
1946
1945
$30,033,643 $25,633,928 $22,542,304
Total income
30,615,007
26,699,687 22,943,178
Profit after deprec., interest, etc._—
28,822,670
25,341,268
21,718,190
Provision for income taxes
13,330,747
14,116,059
15,154,152
3 Months Ended May 31—
Profit after expenses
said to amount to
syndicate
Corp.
12 Months Ended June 30—
18,256,578
;
p.
and
Placed
Co.—Unsold Bonds
>
•
101.40.—V.
at
July 24 filed a registration statement with the SEC
par) common stock. Underwriters, Brailsford <te
Biosser, Chicago.
The shares are being sold by
four
stockholders
and represent part of the stock the sellers will
receive in exchange for their holdings of four furniture companies to
be
merged with the registrant.
The merging companies are Toccoa
Manufacturing Co. and Stickiey Brothers, Inc., botn Illinois corpora¬
tions, and the Luce Corp. and Stickiey Bros. Institutional Furniture
Co., both Michigan corporations.
The stock will be offered at $9.25
The
for
Worts, Ltd. (& Subs.)—
Hiram Walker-Gooderham &
Earnings—
Net
29,798,060
Illinois-Rockford Corp.,
Co.,
$33.50 per
269.
paid in 1946.—V. 166, p.
share was
per
about one-half of the original
2%% bonds has been sold by the
institutional investors at 101.20.
The
purchased the issue at 100.779, and reoffered it publicly
Boston
bankers
16,601,122 118,519,294 100,640,992
14,233,122 88,721,234, 82,384,414
2,368,000
has
corporation
$6.25
The unsold portion,
Federal
227,067
income
Ib6,
of
$22,000,000 of the recent offering of
First
$
$
2,373,635
Income-
oper.
charges
Net
-V.
total
A
Iowa-Illinois Gas & Electric
1947—6 Mos.—1946
*
4,563,347
—_
Miscellaneous
Detroit Concern—
this issue down to
which brought arrearages on
year,
Privately—
SIX MONTHS
$
19,331,351
14,768,004
ops.
ry.
Other income
Fixed
a
stock,
preferred
1,267,426
Stock—
dividend of $1.25 per share on the
payable Aug. 15 to holders of record
made on Jan. 15, Feb. 15 and May 15,
declared
have
$5,657,516
2,016,363
1,439,925
1,690,690
Iowa Public Service
1,168,993
from
ry.
118,591
Dividend on Preferred
A similar payment was
Taxes
1947—Month—1946
revenues
Dr)
Net
directors
share.
authority to issue $11,360,000
certificates, to be known as
at competitive bidding. The
80% of the $14,214,609 esti¬
MONTH AND FIRST
tax
(net
acquired the Garwood Co., a drug manufac¬
turing company in Detroit, Mich., it was reported on July 16.
It is
planned to expand operations at the Detroit plant, with emphasis on
production for bulk orders received by other recently acquired sub¬
sidiaries, the Jamieson Pharmacal Co.
(a "private-label" type pro¬
ducer and distributor of drugs and medicines), and Nyal Co., which
The
this
$6,902,843
2,533,846
1,901,161
—
cumulative
Aug. 4.
Issue—
RR.—To Sell Equip.
accruals—
Equip. & jt. facil. rents
166, p. 158.
three-for-one basis.—V.
&
"908,953
oper,' expenses*
rev.
Railway
meeting
Heyden Chemical Corp.—Acquires
"1,902,351
The
5%
Nil
company
Net
to be held on Sept. 15, the stockholders will
consider proposals to retire treasury stock and split the common stock
special
a
429,264
income
Declares $1.25
9,653,481
10,562,434
-
chgs.
$802,902
217,151
155,409
141,991
opers.—
for fxd.
1947—6 Mos.—1946
t
$1,002,064
225,997
176,959
revenues-
ry.
268.
166, p.
Railway
165, p. 2136.
Hershey Chocolate Corp-—Plans to
Afr
3,947,607
5,849,958
share—
per
Railwayoper.
with
Current liabilities aggregated $2,241,139
against $1,682,610 last year.—V.
as
2,866,749
2,437,485
$
amounted to $5,850,682 and compared
On April 30 current assets
Net
11,141,017
1,487,536
11,333,324
RESULTS FOR
and
requirements
dividend
5,935,938
1,988,331
Period End. June 30—
based on 469,320 com¬
bined class A and class B common shares,
tAfter charges and Federal
taxes, but subject to adjustment for inventory which is determined
at end
of respective
fiscal years.
tAfter provision of $150,000 for
possible inventory and other 'adjustments.
"After
402,939
11,333,324
Income
$235,645
$0.35
1947
"Earnings per common share
3,269,688
has asked the ICC for
of
equipment trust certificates.
The
series
Y, are to be offered for sale
proceeds from the offering will finance
mated cost of new equipment.
Wholly-Owned Subsidiaries)
April 30—
1829,210
504,114
Illinois Central
America—Earnings—
(Including
3,437,035
Dr 167,347
income
The
Hat Corp. of
avail,
6,555,831 14,284,149
Dr619,893 Dr3,143,132
1765,365
income
—V.
Conn.—
Hartford,
Co.,
Inc.
14,272,457
£>r63,845
fr.
rev.
1,677,800
15,351,428
oper.
Net
$1.76
$2.20
$5.94
"Reflects provision for tax refunds,
tlncludes Social Security, State,
local and other taxes, except amounts charged construction.
IDeficit.
Net
1595.
p.
6! Months Ended
tNefc
Bank
National
Hartford
the
Cr2,522,000
3,933,097
Balance
$105,000 of 314% Debentures due 1971—
The
company
has called
for redemption Sept. 1, next, through
operation o± tne sinking fund, $105,000 of 30-year 3V4%
debentures
due Sept. 1, 1971, at 100 and interest.
Payment will be made at the
First National Bank of Boston, trustee, 45 Milk Street, Boston, Mass.,
or
Cr821,200
3,994,522
Dividends
To Redeem
V.
Crl.091,000
income.
on
Interest deductions
addition
the
for
calls
program
generator, other generating station
tensive substations and distribution property.
VA"
taxes
operating income
income (net)
Other
100.50.
turbo
watt
t
Net
the issuance of $12,000,000 2%% 35-year
debentures dated July 1, 1947, to finance a three-year
construction program. Nine banks and insurance com¬
have approved
panies will purchase the issue at
-"d.
tOther
148,615,623
118,381,217
39,073,139 160,350,116
32,530,207 140,964,857
37,991,627
35,853,470
Operating revenues
"
Hartfcrd Electric Light
Railway
$
4,1947
America—Earnings—
Central
1947—Month—1946
Period End. June 30—
1947—12 Mos.—1946
1947—3 Mos.—1946
Period End. June 30—
International Rys. of
Co.—Earnings—
Illinois Bell Telephone
the stock on a
This would
Capital w.ll
from surplus.
to $10 from $25 a share, thereby splitting
basis.
They then voted a 100% stock dividend.
the outstanding shares to 400,000 from 80,000.
value
2Va-for-l
Monday, August
FINANCIAL CHRONICLE
THE COMMERCIAL &
(468)
8!
—
—-
and general expenses—
3,799,342
257,488
1946
$2,047,1551,835,304
210,195
From Jan. 1—
Net
income—
*r.*3ec&J^ ^ exclude income tax accruals subsequently reversed during
i?,tJ,oQ"o^ertf.,erodnlJu,rle 30' 1946' $32,000, and 6 months ended
June 30, ..946, $413,000.—V. 165, p. 2414.
Hupp
Ended
March
31—
iq46
1947
$32 522
' ■
Hygrade Food Products Corp.—Partial Redemption—
corporation has
operation
of
the
Co.
at
105
National
"•—V.
165,
&
for
fund,
gold
series
Wall
Co.,
St.,
208
on
first
of
A
will
Payment
One
Trust
redemption
$68,000
bonds,
interest.
trustse.
Bank
p.
6%
and
successor
called
sinking
convertible
1949,
—V.
and
be
South
1,
LaSalle
B,
due
the
at
N.
next,
through
refunding
and
series
made
York.
New
Oct.
Y„
or
St.,
at
mort-
Jan.
Irving
1
Trust
the
Chicago,
Citv
111.
166,
p.
Hyman (Edward) Co., Los Angeles—Files With SEC—
company
011
shares ($1
Julv
21
filed
a
letter
of
notification
par) class A stock, to be offered
Proceeds
X
Digitized X. FRASER
for
http://fraser.stlouisfed.org/
:N.
Federal Reserve Bank of St. Louis
will be
used
B.
with
the SEC
capital.—
Profit
proposes
to
before
of
Portion
J.
now
the
by
in
Mr.
company
(est.)
—
special credit
for reconversion
reserve
Net
conting.
production
—V.
24,510
$652,468
250,625
$26,167
11,150
$15,017
$401,843
$93,574
costs and
returned to income
profit
$1,656
$650,853
1,615
$401,843
.—r
taxes
war
—
78,557
165, p. 2279.
materials and supplies costs, and taxes were
Yungbluth, who added: "Unlike unregulated industries,
cannot of itself raise the price of its service to meet
costs."
mentioned
final
V.
by
165,
company's petition
to the
New York P. S.
Com¬
April, 1946.
for temporary increases in Buffalo and in
Falls to 10 and 8 cents, respectively, pending determination
in
obvious
without
p.
3285.
Sturges,
Co.,
company,
Mich.—Notes Placed Privately—
largest makers of drapery
hardware and
through Carl M. Loeb,
Rhoades & Co., a serial loan in the amount of $900,000,
maturing in varying amounts from July 1, 1948 to July 1,
1957, carrying interest rates of 3% and 4%.
The pro¬
ceeds are being used for expansion of production facil-
Venetian
blinds,
has arranged
ies.
rates.
"Despite this
went
the
Kirsch
The
company.
payrolls,
increased
Niagara
of
that
to the
open
Increases
cited
President, stated in a letter to stockholders and
the procedure constituted "the only feasible course"
Yungbluth,
bondholders
at $4.50 a share
for working
Reorganiza¬
—
—-———
profit
income
Federal
Buffalo—Proposes
*—
income
Other
Total
54.
company
mission
The
1,836,748
profit
Operating
Buffalo.
He
for 6,000
income
15,184,277
4,678,852
1,736,306
file a petition in Federal Court for re¬
organization under provisions of the Chandler Act. .The step is being
taken to "protect the interests of the public and the security holders,"
it was asserted.
The company operates a transit system in and near
The
such
685.
^without underwriting.
V. 164, p. 215*. '
1,961,491
249,593
railway
oper.
4,398,752
tion—
$56 000
165, p. 610.
The
ry.
International Railway,
loss after taxes and charges
—V.
from
Net
14,126,107
railway
from
Net
Corp.—Earnings—
Months
3
Net
Gross
action
need for prompt
relief, more than 14 months
Mr. Yungbluth stated.—
by the Commission,"
.
|
The
company
enjoyed
ended June 30, 1947, it
sales volume in its history.—V. 161, p.
for the fiscal year
the largest
is stated,
2661.
Volume
166
Number 4617-
THE COMMERCIAL & FINANCIAL
CHRONICLE
(469)
dlyidend
Koch Chemical
Co., Winona, Minn.—Files With SEC.
record
of
25
Aug.
cents
share,
per
25.
payable
Sept.
1
On
The
company; on July 22 filed a letter of; notification with the SEC-'
60,000 shares ($1 par) common stock, at $5 a share through H. P.
Corp., Boston.
Proceeds. will be used to retire debt and for
for
June
-fV.
166,
1,
last
year,
373;
p.
'20%.
a
15
stock
to
stockholders
distribution
also
was
1
'
"
' '
.
•
Koppitz-Melchers, Inc.—Sale Approved—*
.'.The
stockholders
have
t'o
voted
accept
As
-
164,
1086.
p.
,
,
'
>
!
J
Period End. July 12—
,
-4 Wks.—1946
.1947
,
.
exchange
Xck.
Sales
4-4—
The
56,800,256
38,347,199 '396,795,799 274,822,354s
of Kroger stores in
number
average
~
tions
and
of
named
stock
common
be offered
to
Proceeds, will
yet.
as
replacements-.
be
at
used
■'
-
$12
for
sham
a
property
July 22
shares of
3,000
estate
class
B
Gross
*
-
from
Net
from
Net
ry.
20,199
railway
.
$197,705
29,891 '
1,066 "
income___
r".
Gross
from
for
the
Netr ry.
76,833
1,263,917
100,00O
200,000 shares
599,001
152,999
'84,116
150.285
shares
Gross
Net
•
1,753,114*
■675,781
from
from
Ijet ry.
$627,212
$472,241
234,375
90,319
187,503
134,537
51,895
125,062
3,282,333
3,008,563
railway^—
;
1945
The
from
Net
from
Net
ry.
—V.
:
'
railway--—,■
railway——
income—
1,015,237
oper.
729,052
595,029
445,732
in
t
114,323
v
,::
Net
i
y.
ry.
•
:
-
•
•
'
1947
rat t
•
""
652,182
that
—
states
•
19'44
-
692,899
181,825
31,389,737
41,937,552
Net
from
Net
ry.
4,965,874
8,710,317
1,924,112
14,832,271
5,153,309
$8,538,502,
2,910,062
1,408,424
55.
p.
'
'2,531,640%.;
1,000,783
";Jahn
E,
Dixon,
currently
being
with
President,
carried
•
*N|
•
Mr.
30
have
stated
been
that
for
'
1 r*r%-
„
t
p.
■
1569;
K/JO.
Due
8-1-47
it
the
last
is unable
negotiations
several
months,
be
modern,
28 with
to
purchase 32 new Lockheed
jet-propelled fighter planes for ANG units.
the
This
will
National
from
■
Guard
the
four
bring
to
since
AAF's
last
the
86
54
number
of
of
134
;
June—
is
of
on
Net
high
ry.
with
the
on
30-cent
dividend
of
order
speed
TVs
for
to
the
the
jet
Air
cents
■
'V
'
1947
to
Aytl/U
shaie,
payable Aug..
cumulative
holders- of
auiuLio
v*
.
represents
Louisiana & Arkansas
Period End. June 30—
Ry. oper.
Ry.
oper.
Federal
1947—6 Mos —1946
$1,Q58,951
$7,684,387
789,318
713; 321
4,763,167
123.000
44,000
786,000
74,479-
expenses—--.
income
taxes-
Other
ry. tax accruals-;
Equip.. rents (net Ur)
a
nan
$6,406,236
xonoaiA.
4,399,910
Ann
258,000
422,014
74,192
68,982
50,679
459,987
—
472,753
Joint facil. rents (net Br)
357,782
6,896
7,832
41,087
43,806
,
-
Ry.—Earnings
1947—Month—1946
$1,217,686
revenues——
—V,
ry.
166,
oper.
p.
income-
$149,800
$174,137
from
from
Net
lncome
output-of this
33,322,000 kwh.,
correspond'ng
52
weeks
Vith
-V.
ry.
company
(Ky.)
for
utility
Div's.
on
for
its
will
1947
of
months
which
of
this
require
the
$1,500,000
as-compared
July
26,
kwh.
1947
fori
tHe
week last year, an increase of 18.4%; Output for the
July 26, 1947 totaled 1,654,056,000 kwh., as compared
ended
p.
an
increase of 24.7%..
372.
Dent
has
''
RR.—Changes in Personnel
—
been
elected
Vice-Prpsident
succeeding J. E. Tilford who has been
dent, effective Aug. 1.—-V. |66, p. 55.
.
elected
in
charge
Executive
by means""
program
-e
a.
mo,-rrov
m prcrpr
nf
nf
Power
,
.
The
stockholders
at
meeting held on July 30 approved'
a proposal to increase the authorized capital stock from
500,000 shares
to 1,000,000 shares.
«
.
The
to
directors
stockholders
have
of
declared
record
a
Sept.
20%-
1,
stock
and
the
dividend,
regular
payable
Oct.
quarterly
1
cash
140,215
527,212
62,150
138,590
$1,697,618
$1,759,743
249.065
$926,003
266,247
249,443
$1,493,496
$676,560
$646 656
12(3,594
120,594
120~594
120,594
$1,327,959
$1,372,902
$555,966
$398,340
company,-upon
1946
*
1945
$927 146
,
260 256
250,256
220,640
78,553
6,541,959
7,627,405
7 A09
2,178,586
"13,815
1,864,651
844,467
m«
1947
1946
*'
$2,473,313
500,174
392,385
r
165,054
1945
295,636
12 191839
"
.
.
l'81-0*795
■ •>
'951,414
•712,686
.
;
:
principal
amount
of
premiums.
the
is
of
-time
30
amount
the
to
nor
and
principal
%■'
•
an
time,
more
at
the
than* 45
the
initial
amount;
option
days'
special
share-
of
share
$6.29 per
tween the
shares
*
old
preferred
price
new
of $104
-
,
redemption
case
stock
adjustment
exclusive
of
offering
29
of
of
cents
of
sum
stock
$110
per
the'
$6,
share
of
which
being
old
the
during such period.
the
dividend
to
accrue
on
give
old
the
a
holders
C.
Glore,
Sterne,
—v;
on
the
of
Its-
stock
(in
dividend
stockholder
shares
ex¬
the proposed date
preferred stock, less
new
Southern'
the-
Corp.
Carolina.
The
single
facilities
system.
of
Southern
such
Corp.
agent
of
and
the
properties
(N.
such
Y.),
generating
is
the
coordinated
mutual
companies.
Each- of
The A
by
service'
com-
such,
com-
underwriter
preferred
stock
of
the
new
^
bonds
,
.
of
each
principal
underwriter
Percentage
Langley- & Co
Forgan & .Co-——
Agee
166,
&
37.56
37.56
Leach-.————
24.88
—
270.
p.
Missouri Pacific RR.—To
Mail Ballots—
Ballots
will
be
mailed
out
shortly'to bondholders of the road in a"
creditors entitled to vote
on
the plan of
believed that the
balloting will be against the
proposed -recapitalization plan.
This program was
drawn up bv the
ICC several years
ago.
Although it has been approved
by the District
Court in
charge of the properties and
upheld by the Circuit Court *
of Appeals, most
bondholders oppose the
plan.
Various bondho^ers'
groups for the,, past • several,
months have been in
general agreement
on a new
substitute plan.—V.
166, p. 56.
poll
by
the
ICC
reorganization.
of
It
those
is
s
Monsanto Chemical
Co.—Partial Redemptionof
,i
,
■
board of
directors at
special meeting to be held
Tl,
1947,
company
proposes
drawing
on
Aug.
11,
1947,
exceeding 120.000 shares of
cumulative preference
for redemption on
stocky series A
Sept. 12, 1947 at $104.50
per share,
plus aicrued
dividend of 93c per share.
Preference stock, series A
Aug.
not
into
stock
common
to
up
„
the basis of
two'shares
stock, series
a
The
payment, of
difference be¬
each
&
^
SS flLZl
W.
Unit
$70,000
cash
rural
^
of
such
companies under
constructed with the view
full advantages of
operat'on
The operation of the
planned
company
a
&
common
common
close
....
changes Name—
name
•The
the
of
converted,
-■
bid
on a
preferred
plus
will
of
of
'
paid to the company for the
required
to
effect
exchanges
commissions and expenses)
and
exchanges an amount equal to the
dividend
changed from July 1, 1947 up to
Sept. 15, 1947,
of
redemption of the unexchanged shares
amount
-
The .cash
dividends),
share
who
the
been
such
subject to action
not
accrued
per
as
the
have
each
group
changed
to
exchanged.
underwriting
price
to
transmission
to
of
may be
of
business
stock, for
on
each
Sept.
share
.
1947,
on
preference
<
■
organization, which manufactures
machinery,
cn^i'erted
11,
of
the
Merritt
Engineering and
Merritt-Monsanto Corp., it was
Sales
Co.,
announced
company.
is
0
„
PURCHASER—The principal
Halsey, Stuart & Co., Inc.
stock purchasers—The name
.
-
share to be
per
preferred
deduction for
,
,
in
privilege, until 3 p.m.—(EDT) on August 12,
shares for shares of
new.pfd, stock'on the basis of
preferred stock and $6.29 per share in
cash for
share" represents" the
of
(before
of
stock the
new
of
—
28
wholesale
and
business;
...
subsidiary
panies,' for
on
was"a(varded^^July
at
,
.
at
redemption
underwriting compensation
OFFER—Company
exchanging their
incident
•
is
its
and "
' BOND
the
of
notice
ficcrued interest
plus
the only bid submitted.
EXCHANGE
areas, and the sale
electric company
to
its
electric
non-affiliated
and,
It
and
energy
incorporated
lines
the
'
;
—
tive.Tpar $100)".The'issiie
was
a
subsidiaries'.
no
electric
purposes
of
administration, management and
% maintains a separate
financing,
organization and
separately manages nd opertes its own*properties with,
however, at all times a view to
achieving,
4,529,039
with the assistance of the mutual
service
company, the benefits of
3,491,050*
fully coordinated operation, -
,
$104, less
rural
of
communities,
-
Preferred Stock
Offered'—W. C. Langley & Co.; Glore,
Forgan & Co and
Sterne, Agee & Leach on July 30 offered (subject to
exchange offer) at $104r per share and.
dividend 20,099 shares of
4.60% preferred stock cumula■
139
°™ed
v,
by the use "of proceeds of released
property
thereof and accrued interest
plus the special
The
initial
regular redemption
premium • is '
principal
1%
a
ln
••
Maine"1
Mississippi on Dec.
b? C—
13
has
?9%Tt
than
case.
in
'
organized'.'in
in
Xy/i
from
not* less
to
ownership
bringing
pany,. as
537,481 '
'-
"
was
do business
pu^hase
and
retall
'
450,000 shs.
mortgage./
of Commonwealth
the
companies in its so-called
Southern group of
common
and
'730,686
•
the
Mississippi and
as
.
Commonwealth
11 818 331" 15,120,087
239 870-
529,566
56.
p.
1944
•
at
associations
to
$2,604,772
428,704:
14,311,337
•
-
762,537
•
in
admitted to
well
energy
of
-Earnings
$2,669,759
-
39,901 shs.
500,000 shs.
South
q
\v
Outstanding
electric properties owned-by such
companies
constitute,
in 'their
entirety, an interconnected and
coordinated electric
system, and the
generating plants and transmission
Q45116
56."
$2,542,046
sale
as
company,
is one of
FINANCING
"Southern Groun.7
Commonwealth's
subsidiaries, Alabama Power Co.,"
Georgia Power Co.Gulf' Power
Co., Mississippi Power Co. and
south
Carolina Power Co., furnish electric service
respectively in the States '
of Alabama- Georgiai Florida,
Mississippi and
yio.iib
amount thereof and accrued interest
plus the regular
redemption premiums; bonds will
also be redeemable
upon like notice
through the operation of the
sinking fund or the maintenance and
replacement provisions or
one
forth
appliances.
(t)el,),
1069 575
•325,583
of
The
421,605
& Sault Ste. Marie RR
electric
$1,382,918
906,770
p.
and
73,590
$901,136
($8,674,000
{ 2,500,000
BUSINESS—Company
was
501,554
339.386
20,099 shs. *
.
set
as
company operates in
in ^
ation
distribution
sale
1944
-
PRESENT
Authorized
VOtlne St°Ck
:The
cooperative
V
TO
.
(par $100),—
except
AND
Nov- 24» 4924> and
into
-
'
$1,274 190
#idn<ww'
*140,989
prjj^cipai
each
preferred stock
333,630
;
'
127.722
?•
of
Earnings—
48,663
_
rime, or, in
5(4%
:
'
254,480
$1,448,553
.
.
COMPANY
.
each
the. annual
1,544,401
Sept, 1,
1971—|
Aug. 1,
1977—(
due
.•Not limited
at lul and Interest,
issue was awarded July 28 on a
bid of 100.269.
Three other
were received as follows; Shields & Co.
and Carl M.
Loeb, Rhoades
Co., 100.20 for 2%s;
Kidder, Peabody & COj and White, Weld &
Co., 102.279 for 3s; and Otis-&
Co,, 101.706 for 3s.
•Dated Aug. 1,
->/•
1947; due Aug. 1, 1977.
Interest payable on Feb. 1
and Aug.
1 at office or
agency of company in New York.
Coupon
form in
denominations of $1,000
registerable as to principal only
and fully
registered
-^form in denominations of $1,000 or authorized
multiples of $1,000.
Coupon and registered bonds are to
be • inter-*
changeable. Bonds will be redeemable
prior to. maturity, as a whole
at
any
part
the
Magnavox Co.—Capital Increased—20% Stock Div.<—
4.60%
Co,,
270.
p.
103,532
.The
at
due
ni.„
TWinnAnrifVlifi
Minnpftnolis
8,654,089
/8 /o- series Clue
«
old $6 preferred
of
Madison (Me.) Woolen Co.—Liquidation Under
Way-
54,000
577,657
875,700
143,845
■
series
$5,916,697
2,902,699 '
605,482
Mortgage Bonds—
3Va%
1944
900,385
CAPITALIZATION GIVING EFFECT
be
&
This
Liquidation of this company, as recently authorized by (he stock-,
holders, Is already under way
Minot Milliken,
Vice-President, has'
been authorized to dispose of the machinery, but not at
auction.
The
mill buildings, equipped with'modern up-to-date" water
power, will"be
sold separately.—V. 166, p. 270.
597,652
■
Mississippi Power Co.—Bonds
Offered—Halsey; Stuart-.'
of
traffic,
Vice-Presi¬
417,000
(est.)
income
First
ex¬
will
■Net
uniheorporated,
258,801
oper.. income
DonuSj
of
u/
_
K.
267,050
506,000
7
$7 pfd. stock—
$6 pfd. stocks.
\
mm
Louisville & Nashville
JUUU13V111V
'J,
242,437
77,665
Net income
The,company"; ",27/8%-series
year.
construction
$1,332,000
-Weekly Output-
the week ended
with 28,134,000
$6,098,890
2,241,097
297,791
531,000
Gross income
Tptal, income deductions
is
each
1,326,275,000 kwh. for the previous E2 weeks,
166,
$924,722
66,448,012
2,236,906
rSsitti°vS!0Ciillstm,t8
f
j
1945
Fp"'
tax
;
-
-Years Ended December 1-
307.118
_
,qf■
on
1947
railway—
"Deficit.—V. 166,
,
premium
Electric
totaled
$1,161,392
operation
Divs.
gas
OF EARNINGS
1946
Prov.
250,000
250,000
railway.—^,/, 1,823,376
redemption
270.
Louisville Gas & Electric Co.
and' cash
2,446,019
revenues
,
-
"
Net
con¬
of
the $2,500,000 new
bonds
adequate to finance all of
the
May 31, '47
$6,709,131
Total
sum
bids
.
This
sale
be
Maintenance
Amount
2%\
converting its
dissolution of Community Gas &
income—
cner *
P
Net
per
of
income
Int. Rate
From January 1
;
Gross
ANG,
fighters
preferred stock
(par $5),
record Aug. 1;< 1947.
\
;
">>:
tho
the nnvment due on July 1 of this year, at which
payment
on
time
the' directors
deferred action.
Initial
quarterly ? dividends of
7Vi cents per share were paid In October 1946, and two
regular quar¬
terly dividends of a like amount were paid in January and
April of
this year,—V. 166, p. 55. :
)
1-1
i|
the
yet determined.
Stock—The new preferred stock
is being issued
for»
refunding the company's
outstanding old preferred
Preferred
purpose
Gross
of
June—
4rotn railway.-^
from railway—..
Nefc ry* oper. income—
,
Drug C... Inc.-Pays Dividend Arrearsa
New
2%
\
the
'
this^
Star"
'/■
pay
the
not
12 Mos. End.
p. 3053.
to
for
for
.
lo-
the
10-1-48
process- of
$2,150,000,
Minneapolis St. Paul!
,
voted
scheduled
and
'
will
250,000
program
*
oper.
Nef rv;
J *
ago.. .>>■>:■
- Xc..
;-Y
Although the AAF is responsible for the procurement of the planes,
funds will be provided by the National Guard
Bureau.—V, 165, V
directors have
to
construe- :
requirements during the next
few years.
The
mates that, based on the
management-estipresent level of
earnings, another $2,500,000
may be required to be
financed, by the end of 1949,
of additional
by the issuance i
securities of a
type not
^thFe0zanco°':
; V;
from railway^.--Net from
railwayl
air¬
the
The
at :
.'
$2,500,000
unit
line
SUMMARY
"From Jan." 1—
months
i Loew
such
from
$250,000
finance
Gross
announcement
"Shooting
allocated
were
the
proceeds
operations
2%
in
seven
to
'■•*'.
Gross from railway—_
Net from
railway-.;
a
;
,
P-80Bs
"Shooting Stars"
purchase
P-80B
third
a
.
,
postwar
$2,500,000 contract
corporation
oldc
PROCEEDS
plant
approv^ by the SECApril April 1947 1946
on 24
Court
lO^ An appeal
' {
t^n from
the^Distrlet Court
Court of Appeals for the i^now^ pendlng^b^ore We^u.
Third Circuit.—-V.
b.
r
furnished
of
tion
-
/%,
Lockheed Aircraft Corp.—Signs Army Contract—
will
'The
from
2%
i; Minneapolis & St. Louis Ry.
are
on
banks
1947,
.
pilots
and
Brails-
follows:
and
tea
Guard
of
offer
dividends
completion
in
1949;
substation, additions; $3,700,000
additions, principally to serve new
$583,000 for
business;
miscellaneous additions.
n
8-1-48
.
10-1-47
it
construction
•Deficit—V. 166,
National
of
'8-1-48
■
Air
shares
reimburse, its
10-1-47,-10-1-48
Bank-
that
from
year
as
166,
T,
craft) next spring, it was disclosed on
July
that the Army Air Forces had.
signed a
all
exchange
accrued
net
proceeds
from
the
sale
of
the
$2,500,000 "
proposed to be used
by the company to provide a
the funds
required for the
construction or acquisition of
improvements, extensions and additions to
$2,600,000 for transmission
distribution system
for
preferred
are
;
borrow
the
notes
the U.. S. Dwtrict
.
July
on
and
on,
to
of
Dated
;
approximately
during
order
Circuit
Ine.-^May Merge With Gen-"V;
; ;v^v'%
,-.v.
convertible
OP
was
and by
this
Dixon,—V. ,163,
;
Bank„^
plan relates to
which
company of General Machinery Cirp., of
Hamilton,;
Ohio; manufacturers of Diesel, steam and gas
engines, industrial,
railroad and automotive tools,
stamping presses, and special machinery .
items.
It represents a logical; diversification for
Lima, a major loco-1
motive manufacturer, whioh has been out of the.
Diesel field but hasbeen expanding its
power shovel business.
Until the time proxy lettersgo to
stockholders, however, no further comment can be made,, said %
""
"
.
fv,n
fHo
the
Machinery Corp:—
approval
8-1-47
borrowing.
•
Lima Locomotive Works,
165, J
Integration- of Community .Gas anct power
co.,
American"-Gas r and i Power Co. and therefore must
rely on short term
..
merger
its
that
The
166,
SEC
Bank
Simplification
.
eral
..
'
income^
oper.
-V.
•Deficit.—'V-
,
50.361.591
6,652,745
-
railway—
railway——.
the
Y.—V.
Underwriters
—
1,340,358
651,902
36,141,641
from
cumulative
stocks.
—s
$6,829,783
1,817,778
* *40,663
income
oper.
oper
1945
$5,096,809
From Jan. 1—
Gross
asked
National
of
expended
1946
tw
•
railway—$6,061,447
railway..
N.
15
the
plus
,
USE
.
mixed gas.
.
mates
;
■
from
from
rom
York,
system to the distribution of 100% natural
gas instead of the present
The total cost of conversion is estimated
by the company
td be approximately $800,000 of which
$170,000 has been expended upto May 31, 1947,
leaving an estimated $630,000 to be expended
during *
the last seven months of 194*7.
In addition
thereto, the company esti¬
% »'
*
3,161,138
1,057,504 ;
Lehigh Valley RR.—Earnings—
June—
e—;
each.
of
capital.—V. 165, p. 1869.
Minneapolis states
penditure
Net
5%%
common
Minneapolis, during the balance
on
delivery of its. promissory
Northwestern.
166, p. 55.
Gross
New
$1,000,000
First National
188,132-
545,729
414,820
.*
for
Bank
CWcag0_Registers With SEC
par)
par)
First National Bank
$526,696
2,696,346
>
($10
($1
has
company
cated
1944
\\ $560,480
From Jan. 1—
,
Gross
Street,
Corp
Northwestern National
1946
railway—-,-—
oper/ income—
stock
the
to
its
treasury in part for expenditures made property
for such
Company contemplates
expenditures o'f
336,000 during
approximately $10,1947, 1948 and 1949 for the
of
construction or acquisitionproperty additions,
consisting of
completion of a second
approximately $953,000 for the
steam-electric- generating unit
installed generator
With - a rated
capacity of 22,500 kilowatts
at Plant Eaton which
was
placed in service
early In July, 1947;
Minneapolis Gas Light Go.—Proposed Bank Loan—
:
152,508
*
-
1947
-
.
Wall
'40
is
Sept.
share
per
are
Acceptance
Payable to—
Lehigh & New England RR.—Earnings—
common
stock
to
on
pursuant
$110
for depreciation,'-.
.Amort, of electric
of
June—
of
of
purpose.
redeem
purposes.
July 25 f.ile^ a registration statement with the SEC
tional working
21,660
—V. 166, p. 55.
-
shares
preferred
Corp. (Calif.)—Sells Deben¬
tures Privately—The
corporation on July 22 announced
the private sale of
$5C0,000 of 4% 10-year debentures to
an insurance
company. The debentures are subordinated
to the
corporation's bank borrowings and provide addi¬
90,343
,
1,678,615
306,635
income—
oper.
1.04
such
price
...".
■
permanent
or
that
to
redemption.
bonds
portion
;
for
exchanged
Bonds—The
new
the
$272,339-
21,583
490,199
,
of
..
1944-
1,582,532
railway—railway...—_
from
New
the"
Co., and Shillinglaw, Bolger & Co.,
Chicago.
The preferred will
be offered at $10
and the common at $6 per share.
Company will
receive proceeds from* the
sale of preferred only and will use it to
pay off bank loans, buy new
equipment and for working capital.
The
.common stock is
being sold by Russell McPhail, President.
From Jan. 1—•
Net
of
of
struction
Mercantile
$251,481
,
stock
common
date
,
Walston, Hoff-
1945
$227,977
'
65,236
railway—
oper.
1946
1947,
the
holders of old
preferred stock'
Aug. 12, 1947,
irrevocably deposit
,
Bernard Langendorf,: deceased.
Underwriter,
Goodwin, San Francisco.—V. 165, p. 3285.
June—
of
.
for
Candy
and
Lehigh & Hudson River Ry. -Earnings-
,
shares
ford &
.
of
&
man
.
for
No
addi-'
of notification was filed with the SEC
stock to be sold at market on behalf of
letter
a
for
9
exchange,
proposes
not
redemption
the
common"
The company on
Langendorf United Bakeries, Inc.—Files With SEC—On
shares
t aooroximatelv
PP
preferred stock).
of
Mcphail
La Crosse Telephone Corp., Chicago—Files With SEC
company on July 22 filed a letter of notification with the SEC"',
shares
the
25,000
p:
The
10,693
their
Thetransfer agent
Manhattan Company,
-
underwriter
of
the
agent
The company
preferred stock
i
corporation
make
should,, prior to 3 p.m.
(EDT) on
exchange the certificates for
their
shares
accompanied
of, transmittal
by
a
with
Guaranty Trust Co., 140
York,, as exchange
Broadway, New
Changes in Conversion
—-
the
to
for
•
was7,569'~compared
for
by
n»Llv
y»
^
share
operation during the four
im'+Vi
O GGft etnrpfc
S.6» «or«, during
W/,A
issuance
corporation
(for this purpose taking the preferred stock
at
a
value
of $10
per.
share), has been changed and -adjusted from $10
per
share
of
common
stock
(namely one share of common stock for
each' share of such
preferred stock) - to $9.63 per share of
1947—28 Wks4-1946
.
the
common
to
Kroger Co.—Current Sales Up 48%
.'
of
order
letter
,
shares of
stock, 25 cents par value, for
property determined by the
board of directors to have a value of
$12,500 Cequivalent to 50 cents.;
per share for said shares), the conversion
price at which holders of
the 50-cent convertible
preferred stock of the
corporation are entitled
its
the- offer by- the GoebeU,
properties
and
inventories
Brewing Co. to purchase the physical
of the Koppitz-Melchers, Inc., of Detroit, Mich.
The latter's brewery
will
be
converted immediately
to the production of Goebel beer.—V.
result
a
!
'.
Maxson Food Systems, Inc.
Rate of Preferred Stock—
'
|
■
In
made.,
'
Carver
working capital.
of
•
*
,
became
a
part
Monsanto
of
Monsanto
veneer-
and
Chemical
Co.
Inc..
has
bnen
recently by
the
plywood-makinpf
in
1944.
when
acauired I. F.
Laucks, Inc.
Previously the Merritt Engi¬
neering & Sales Co., had been a
part of the Laucks
1935.—V. 166, p, 373.
organization since
Montour
RR.—Earnings—
-June—
Gross
1947
from
Net
from
Net
ry.
railway.
railway—
oper.
income—
From January 1—
from railway
Gross
Net
from
Net
ry.
—V.
railway
oper.
166,
p.
income
56.
1946
1945
$255,700
1944
$256,245
74,774
$309,962
75,729
$275,095
63,333
127.287
103 52q
46,170
86,795
75,945
1,618.972
1,074,366
1,425.210
1,498.993
495,783
93.825
454,095
399,694
511,474
136,181
340,666
370,184
York—New Busi¬
of new
reported July
largest volume
The
1931
since
was
business in the first half of any
18 for the first six months of
year
1947
A total of $159,000,000 was
paid
the same period of last year.
The half-year volume, according to the report, was about $2,000,000
"greater than the new business of the company for the entire year of
1942.
The June volume was the highest for any June since 1930.
Total insurance in force of The Mutual Life on June 30, 1947 amounted
to $4,027,000,000, an increase of $78,585,000 since Jan. 1 of this year.
Patterson, President.
for, representing a gain of 9% over
165,
expenses-
57,061,205
47,184,885
from
ry.
opers.
9,876,320
accrualsrents
4,944,436
1,315,747
income-
3,369,188
13,225,000
.
3,616,137
1,542,710
1,451,705
10,493,837
3,277,524
8,505,812
—
5,158,847
4,820,893 23,718,837
148,487 V 925,779
3,247,718 20,739,347
11,783,336
901,734
20,267,574
♦Railway
revenues-
tax
& jt» facil.
Equip.
Net
oper.
ry.
income
Other
Total income
deducs.-
Hornstein,
Tom
idents, have been
tors.—V. 165, p.
214,1
175,289
3,486,247
income—
Net
Tomahawk Kraft Paper Co.
(Del.)—Subs. Changes Name
$12,047,900
below.—V. 106, p. 306.
to National in an
the effective date
the part of
days*- notice.
notes to be
be of three
of 1 Vi% per
there¬
% of 1% per
amount which Chase is obligated
Bank, New York, whereby the bank will make loans
aggregate amount not to exceed $6,500,000 from
of
the agreement to July
1, 1950, with the right on
National to terminate the arrangement at any time on 30
The proposed, loans are ■ to be: evidenced by promissory
issued at various dates on or after July 15, 1947, are to
months maturity, and are to bear interest at the rate
annum to July
1, 1949 and at the rate of 1%% per annum
after.
National will pay Chase a commitment fee of
•
daily unused
the average
on
annum
to lend.
extend to two of Its wholly-owned subsidiaries,
and Iroquois Gas Corp. a line of credit
of up
at any one. time $5,000,000 and $1,500,000,
respectively
which the .subsidiaries, may. borrow, renew and repay
from time to time during the period July
1, 1947 to June 30, 1948.
The loans of the two subsidiaries are to be evidenced by promissory
notes to be issued from time to time during the period July 1, 1947
up to June 30,
1948, are to bear interest at the rate of 1V2
per
annum, and are to mature three months from date of issue, or June
30
1948, whichever shall be earlier.
Each subsidiary agrees to pay
the parent a commitment fee of
'A of 1 % per annum on the daily
average
unused amount which the parent is obligated to lend to
each subsidiary.—V. 166, p. 56.
National Gas. Co.
to but not to exceed
%
-The
(&
National Steel Corp.
j* Prof it
_____
depletion.
disct. & exp.
Int., bond
for Fed.
Prov.
1947—6 Mos.—1946
$12,269,681 $11,475,451 $26,448,247 $17,205,816
2,359.638
1,918,177 4,343,860
3,765,900
314,286
314,286
628,572
628,572
and
Deprec.
Subs.)—Earnings-
1947—3 Mos.—1946
30—
'
taxes on
income
25
income
Net
profit
common
reports electric -output
or 0.34% aboVe
year ago.
Gas output for the July 25 week is reported at 119,485,000 cu. ft.,
an increase of
11,317,000 cu. ft., or 4.62% above production of 108,168,000 cu. ft. for the corresponding week a year ago.—V. 166, p. 373.
14,377,675 kwh. This is an increase of 49,322 kwh.,
production of 14,328,353 for the corresponding week a
of
England Telephone &
New
Telegraph Co.—Plans Fi¬
nancing—
Net
The
the New Hampshire P.
has asked
company
S. Commission for
to
proceeds
income
States Trust Co.
York, 45 Wall Street, New York's, .N. Y.; will be appointed
transfer agent, effective Aug. 1, 1947, for its capital stock which was
formerly issued and transferred at its own office.—V. 165, p. 3056,
New
Net
ry.
Net
ry.
5,072,046
2,003,690
railway-
railway
from
Net
r-V,
_
869,609
income.
oper.
New Orleans Texas &
ry.
oper.
Net
Net
from
from
in
a
166,
p.
New
Boston
to
267,468
709,918
187,435
;
and
'
of $5,769,572.—V. 166,
5,029.950
2,812,901
1,651,275
Ship repairs
1,850,782
Hydraulic
RECORDED
OF
STATEMENT
.
.
373,692
p. 373,
COST
June 30,'47
supplemental indenture dated Oct. 1, 1946.
same
series and similar in all respects
outstanding first mortgage bonds, 3%
165, p. 3397.
2Ys%
maturing $940,000 annually Aug.
15j 1948 to 1957, inclusive. The certificates, issued under
the Philadelphia plan, were immediately re-offered by
the group subject to ICC authorization at prices to yield
from 1.25% to 2.30%, according to maturity.
July
!
30
$9,400,000
a
the
presently
Other
In3.;
members
of
offering
the
include
group
A.
G., Becker
Equitable Securities Corp.; Harris
Inc.;
Blair & Co.,
&
V.
Colony
history of the
nounced
Co'
(Inc.); Hornblower & Weeks; Otis & Co. -(Inc.); Phelps, Fenn & Co.;
R. W. Pressprich & Co.;
L. F. Rothschild & Co.; Gregory & Son
Inc.;
&
Wm.
E.
Pollock
&
Co.,
of Michigan
Inc.; First
Corp.;
Freeman
Co^LH&yden, Mlller & Co-'> The Illinois Co.; Kebbon, McCormick &
Co.;
The Milwaukee
William
Blair
&
Cleveland
First
Co.;
Co.;. The Wisconsin Co.; Mullaney
Ross & Co •
Schwabacher & Co.; Julien Collins & Co • The
Corp.;
Mason,
Moran
&
Co.;
Alfred
p.
O'Gara
&. Co •
Thomas & Co.; and F. S. Yantis & Co., Incl
The issue was awarded on a bid of 99.532.
Salomon Bros. & Hutzler and The First Boston Corp, bid 99.5299 for a 2»/a% coupon.
.
The
company
Trenton
s-' ■ ■.'/
J,;-- >'l . .
Water Co.—To Sell Gas Properties
The
company has asked SEC approval of its proposal to
sell-to
Oklahoma Natural Gas Co., a non-affiliated company, its gas utility
properties all of which are located in the counties of Osage, Tulsa,
and Pawnee, Oklahoma, for a base purchase price of $850,000 payable
in cash.
Oklahoma Power proposes to use the proceeds of the pro¬
posed sale to prepay $850,000 of its bank loan notes now outstanding
in
the
aggragate principal amount of $2,775,000.
Such notes are
secured, dollar for dollar, by a like principal amount of first mortgage
4% bonds, series D, of Oklahoma Power.
The notes prepaid, and a
like principal amount of bonds securing such notes, are to be can¬
V'1'
-
Oper.—
by a
The
York
each
certificates
Central
RR.
certificate.
unconditionally guaranteed -by the New
par value and
dividends by endorsement on
will. be
as-.to
-
30,'47 June 24,'46
$8,900,000 $17,015,000
2,623,000
1,623,000
'
load
June 1,
of the capital stock was
$21,250,000
announced on Julv
1947
Sadacca,
.
....
"
,
*?oc®et£ o£ the lSsue ' will, .be used - to provide for t approximately
75% of the cost, .estimated "-to be $12,867,800, of the - following new
standard-gauge railroad equipment: 3.000 55-ton steel- box. cars; two
2,000 H. P. Diesel road freight locomotives;-and"four 2,000 HAP. Diesel .^Tosidjp&ssenger. locomotives../..i,^,.v«-;■*>
$9,400,000
President, further announced: "Unless something
for the next six months should exceed $25,- ,
of $42,000,-
Natural Gas Co.—Change in
in
amend
increase
virT'.the
on
by
Department, as of July 21, 1947.
by the corporation, distribution will
the Treasury
Pennsylvania Salt Mfg.
The
an
Guaranty Trust Co. of
initial series of 3»/2%
Co.—Co-registrar—
.
;
York has been appointed co-registrar
preferred stock. See V. 166, p. 374.
New
;
an
its
its
,
made
,
certificate.%of;incorporation'to <provide..for. an v
number-"of' authorized shares'~of its-'/common-stock
ta amend
settled
the
be
3286.
Stock Sought—
Bonds—
share,
per
event refunds are received
to the stockholders."
In
sales
p.
Light Co.—Calls 5%
Rivet
directors
cents
finally
,
proposes
increasing
Corp.—Final Liquidating Dividend—
July 18 declared a final liquidating dividend of
payable on or after July 25, 1947 upon pre¬
sentation of st&ck certificates to The First National Bank of Phila¬
delphia, 15th and Walnut Sts., Philadelphia, Pa.
Elliott, Jemison & Co., accountants and auditors, Philadelphia, Pa.,,
further announced:
"The. corporation's tax returns have not..been
application to the SEC seeks the, latter's apcertificate of incorporation, to provide for a,
reduction in the par value of Its common stook from ($20 per-share >
to $10 per share and to issue two shares of common, stock
(par. $10). ;. ■
m exchange for
each share of outstanding common stock, (par»$20),,
therebyr increasing' the4 number of issued and outstandings shares <of
common ' stock
frOm >1,015,000 to
2,030,000. ,Northern Natural also V
to
under way to meet
has
company
Penn
for
company
the principal
utility facilities presently
requirements.—V. 166, p. 306.
The
15
1946
$17,200,000
thus making a total for the 12 months in excess
against $32,373,092 for the full year 1946."—V. 165,
The
dated July 1, 1936. The
to institutional inves¬
trust deed and supplemental indentures
plans to sell the entire issue privately
called for redemption on Aug. 30, next, all of
its outstanding first mortgage and prior lien gold bonds, 5%
series
due
1955, at 101 Va and interest.
Immediate payment of the full re¬
demption price will be made at the Chemical Bank & Trust Co.,
trustee, 165 Broadway, New York, N. Y.—V. 166, p. 374.
, : _
Corp.—Semi-Annual Sales Higher—
Ended June 30—
! Northern
Co,—Authorized to Issue $3,000,000
1947, and
Pacific Power &
Co.—Split-Up Ratified—
s^les
proval
Power
161.
amount plus accrued interest from June 1, 1947
to the date of sale.
No finder's or underwriter's fees or commissions
will be incurred or paid in connection with the proposed issue.
Pro¬
ceeds will be used to defray a portion of the cost of construction of
..Singer, Deane. & Scribner;
..
166, p.
Commission on July 28 has authorized the com¬
$3,000,000 2%% first mortgage bonds, series of 1977,
to mature June 1, 1977. The bonds are secured
to issue
at
tors
June 24,'46 June
2,499,000
retired.—V.
company
PERFORMED
518,000
■■■*
Federal Power
The
—^26 Weeks Ended
12,704,000
'
Bonds—
pany
dated
1,502,000
.
Otter Tail
$1,664,000,
Dock Co
1
and
celled
.
000,000,
000
an
Oklahoma Power &
$1,545,000;
$15,599,000 $10,048,000 $24,103,000
happens,
playing
company
"
1072.
Noma Electric
Henri
important part in all phases
industry—production, transportation, refining and
oil
nation-wide
by
unusual
substantial
formation of
to the origin and the background leading to the
on Aug. 1, 1887.
It traces the growth of the company
since its inception as a local oil producing enterprise in the
Limestone field
in northwestern Ohio to its present position as a
the
operations
Boston
remainder
income of
$8,028,000
1,604,000
three-for-one split-up
.6 Months
the company's
and
space
at a meting
Net
continuous operations in the
D. Donnell, President, an¬
containing text and pictures,
many
book
among
President Clarke Cassidy. Under the plan approved on July 22
of stockholders, two hew shares will be issued for each old
share outstanding.
The par value remains at $10 per share;
After
the split-up the shares outstanding will total $300,000.—V. 127, p. 1818.
23
The 48-page book,
additional
1
—
165,
company's 60 years of
has been issued. O.
1.
Aug.
stockholders
other
and
1
industry
on
and other illustrations, will be distributed to all
and employees, throughout the petroleum industry
others.
entitled "Sixty Years of Progress" devotes
charts,
had a net railway oper¬
OF WORK
Co.—Celebrates 60th Anniversary—
Ohio Oil
A
Co.
Hall &
A
The bonds will be
to the company's
series, due 1973.-—
of
the
petroleum
marketing.—V. 165, p. 3287.
9,459,000
Niagara Alkali
dated Aug. 1. 1947 and
a
and
turbines
accessories
Totals
by
business in Nebraska
about Aug. 1 and will
1940, as supplemented
electric and gas utility
The bonds are to be issued
trus.t indenture dated Aug. 1,
South Dakota.
by
and recon¬
version
—V.
outstanding short-term bank loans which were
in financing the company's construction pro¬
secured
bonds.
$4,536,000
ship construction
work
awarded
equipment trust certificates,
to
the initial step
Northwestern operates an
andl
' •
estimated that the Old Colony
13 Weeks Ended
Trusts Offered—
maturity
at
as
be
905,233
"4,995,832
in a net railway operating deficit of
Providence the estimated deficit was
328,324
5,585,368
3,483,340
Central RR.—Equipment
July 25 authorized company
on
to
gram.
The
New York
Pri¬
first
proposes
pay
made
of $220,000; for the
Newport News Shipbuilding & Dry
Halsey, Stuart & Co. Inc., and associates were
Co.—To Sell Bonds
mortgage bonds, 3% series, due 1973.
North¬
sell the bonds directly to The Equitable Life
Assurance Society of the United States.
The price has been set at
101%%
of the
principal amount, plus accrued interest from April
1, 1947 to the date of delivery and payment.
Proceeds will be used
"1,241,707
4,740,262
Old
the
remainder of the New Haven System
223,880
2,684,149
Commission
Power
$1,000,000
western
of
1944
1,557,487
Federal
The
issue
FIRST SIX MONTHS
1947, it is estimated that
net railway operating deficit
resulted
operations
$732,742
4,244,047
2,264,880
(Del.)—Weekly Output—
26, 1947
for the
374.
Co.
output
51,344,000
Northwestern Public Service
New
7
1945
1,940,088
75,076,826
23,662,918
10,657,299
9,852,152
vately—
*
first six months of 1947, it is
For the
168,835
income—
56.
is provided for on the Boston &
the estimated deficit was $200,000, and the
Haven System had a net railway operating
$612,530
4,077,307
72,970,408
18,102,913
of this company for the week ended July
kwh., as compared with 46,256,000 kwh.
corresponding week last year, an increase of 11.0%.—V. 166, p.
one
Providence
149,756
railway.
oper.
ry.
—V.
June,
$1,280,619;
Mexico Ry.—Earnings—
1—
railway
Northern States Power
Electric
totaled
and bond interest.
taxes
New
Gross
of
results
the
tlncludes
1946
income
From January
payment
the
to
"1,143,706
the
$13,437,477
4,770,568
2,046,198
2548.
p.
petroleum
mortgage bonds and the Old Colony RR.
charges
$539,558
railway
from
Net
the amount paid
This will be equivalent
672,898
"304,636
the
747,959
income
oper.
—V. 165,
operating railroads whose leases
have been rejected.
Also includes accrued and unpaid charges against
Old Colony and Boston and Providence properties for Boston Terminal
and
$9,588,850 $13,980,276
760,194
4,464,635
245,711
2,000,046
-
65,448,786
58,373,536
11,944,792 '
5,649,216
7,513,705
2,589,231
railways
railway
from
to July 1, 1947.
a cash adjustment
refunding mortgage
two dates and the
1,281,787
296,317
for
1944
1945
1946
1947
1,478,794
income
oper.
ry,
committee has filed a petition in the U. S.
Haven asking that the effective date of the
avail, for'fxd. chgs.
2,735,785
548,406
Ry.—Earnings—
1
railway—
from
Net
*
after
"Deficit,
$502,388
railway
ry,
$9,644,463
$2,411,192 $15,960,547
$2,722,555
"
»
From Jan. 1—
Gross
RR.—Asks Shift in.
Plan—
Inc.
1947
from
& Hartford
Net
the
492,364
800,000
railway.— $10,282,074
from
Net
of
2,560,572
of
57.'
"
from
♦$158,454
349,426
6,4i4,268
6,471,019
2,990,580
649,953
,
$3,453,394
860,619
and
$10,136,82?
510,522
79,262
82,470
200,000
income
of
p.
Net
1947—Month—1946
1947—6 Mps.—1946
reVenue— $13,219,608 $12,150,741 $76,565,538 $72,003,048
ating income
June—
Net
4,058,095
1,043,830
266,525
$22,062
oper.'income..!
$1,129,319
502,706
95,888
$1,002,363
436,901
91,475
New
Line RR.
oper.
For
$2,490,454 $17,271,069
funds-
reserve
166,
Gross
393,750
1943,
make
and
between the
accrued.
resulted
170,645
$11,176,601
1,039,774
$3,005,025
Northern Pacific
1
235,296
497,500
EARNINGS FOR JUNE AND
56.
166, p.
Gross
$623,438
109,274
5,867
January 1—
from
Gross
140,693
income—
oper.
From
313,574
railway
from
Net
$809,632
railway-
from
Gross
i
3,950,894
year's interest on the bonds.
Adjustment of interest also
1944
1945
1946
1947
at
between
York Air
Co.
Northeastern RR.—Earnings—
New Orleans &
June—
Court
bonds,
1,801,345
$2,663,459 $18,296,403
173,006
1,025,334
debt
funded
Balance
t-V.
1,792,510
reorganization plan be changed from July 1,
The petition also asks for
authority to
of
the difference in interest
on the first
tNet ry,
announced that the United
The company on July 21
5,031,723
82,917
New<ilaven
reorganization
District
879,890
239,590
$3,175,670
income
&
4,589,026
104,997
373.
New York
The
$4,180,731 $28,436,202 $15,245,710
2,307,627
15,864,344
10,354,482
137,695
Miscell.. appropriations.
2,152,384
343,644
Effective Date of Reorganization
Total
of
332,956
2,257,563
2,719,656
$306,462
surplus—,
p.
166,
845,978
appropriations
Period End. June 30—
Co.—Transfer Agent—
Zinc
New Jersey
to
$2,209,348
income
on
Net
Sinkg.
1947—6 Mos.—1946
$5,616,101 $45,188,224 $33,618,595
104,979
approps
,
service by April,
82,917
'
funds
Sink,
Co.—V. 166, p. 306.
Telephone & Telegraph
American
income-
oper.
amount
.
permission to issue debenture bonds not
exceeding $40,000,000
repay
short-term obligations.
The greater portion of the
from the financing would
be used to repay loans now outstanding
from
ry.
the week ended July 25, this Association
For'
railway taxes-
Net
—V.
Association—Output—
Electric
taxes
income
S.
Other
Balance
England Gas &
New
U.
2417.
165, p.
.expenses.—V.
$2.51
$2.59
operations and
cost of sales,
♦From
$7,686,344
2,230,642
$5.87
$3.45
income from interest and dividends after
selling and general expenses and all other
2,230,842
shares
profit per share—
deducting
$5,602,988 $13,100,815
2,230,642
2,230,842
$5,775,757
_
of
Net
$59,579,815
44,334,105
&9,375,256
FIRST SIX MONTHS
AND
$7,326,748
295,063
459,895
569,246
•389,379
___
1947—6 Mos.—1946
$2,423,869 $17,416,513
1947—Month—1946
Period End. June 30—
...
$3,037,975
Davin added.-
FOR MONTH
EARNS.
purpose
Net ry. oper. IncomeOther inc. items (bal.)_
be
at Conneaut, Mr.
handled
be
of
meeting
the
161. ■
$4,891,227
constructed at various points on the system at a
cost
of
approximately $500,000.
The facilities will include a large
service shop
at East 75th Street and fueling facilities at Ivanhoe
Road in Cleveland, and other necessary facilities at Buffalo, Conneaut,
O., Fort Wayne, and Chicago.
Heavy repair work on the Diesels will
Gross
No.
is scheduled to
p.
$1,873,104 $12,571,858
573,423
4,933,806
22,659
89,150
„
will
for
17,352
This will bring the total number of Diesels in use on the Nickel
Plate to 54.
The road bought ten 1,000-horsepower Diesel switchers
in
1942, and in the latter part of 1946 ordered 33 additional 1,000horsepower Diesel switchers.
Eleven of these now are in service and
the rest will be in service by the end of this year.
These switchers
will
completely Dieselize yard service at Buffalo, Cleveland, Fort
Wayne and Chicago.
Mr. Davin said facilities to service Diesel passenger and switching
1948.
1947
20,
(net Dr)
rents
Net
resvice..
passenger
Aug.
Ry.—Earnings—
$4,980,270
2,770,921
revenues
oper.
facil.
Jt,
July 25.
of the
11 Diesel passenger locomotives
December and all are expected to be in
Delivery
next
start
about
special
a
1947—Month—1946
Ry. oper. Income-.
Equipt. rents (net Cr)„
passenger cars now on
new
modern
lined
5,125,000
8,375,000
3;640,000
3,820,000
—
Net ry.
June—
order, including 10 coaches,
13 ten Roomette-six Double Bedroom cars and two five Double Bed¬
room-Diner-Lounge cars, the Nickel Plate will have completely stream¬
the
or
on
Railway tax accruals
<
order for eleven 2,000-horsepower Diesel
the American Locomotive Co., John W.
locomotives with
President, announced on
call
to
Railway, oper. revenues- $14,017,367 $11,599,598 $81,388,022
9,037,097
7,418,867
52,951,820
Railway oper. expenses-
:
Lake Erie Ry.—
Locomotives
passenger
Davin,
held
be
Norfolk & Western
Total
has placed an
company
locomotives
Period End. June
790,687tCrll,3l4,485
$15,300 in June and
on
Period End. June 30—
24
July
on
Orders 11 Passenger
With
National proposes to
United
9,385,972
authorized the company to issue (a) a serial
collateral note or. notes for not exceeding $6,000,000, to be sold at ,
par arid the proceeds applied to the purchase of 115,423 shares of
prior lien stock and 1,658 shares of preferred stock of Wheeling &
Lake Erie Railway,
and (b) not exceeding $10,000,000 of refunding
mortgage 3V4% bonds, series E, all or any part thereof and of the!
115,423 shares of prior lien stock of the Wheeling & Lake Erie Ry. to
be pledged as collateral security for the note or notes.ICC
The
to 5,000,000 shares
(par $20)
stock
proposes
Louis RR.—Note Issue Ap¬
Chicago & St.
proved—Control of Wheeling &
following transactions:
agreement with Chase National
18 approved the
entered into a credit
voting
Int.
Co.—Bank Credit—
SEC on July
The
National has
t99,108
carryback adjustment of
in first six months.—V. 166, p. 306.
New York
National Fuel Gas
131,693
taxes—
further
aforesaid proposed amendments.—V. 166,
24,507,536
12,554,121
8,675,891
2,053,711
1,424,688
includes
1946
tYear
1,497,311
,
Inc.
Fed.
"Incl.
National Container Corp.
See
fixed
Total
1,250,970
common
(par $10).
Natural
to
s
charges—
Miscellaneous
Y.—New Directors—
Morris Lipit and Sidney M. Zneimer, all Vice-Pres¬
elected additional members of the board of direc¬
Brooklyn, N.
Namm's, Inc.,
53,193,658
29,651,945
10,316,713
8,172,229
3,552,071
stock
stockholders
50,946,105 338,181,353 287,608,939
42,773,876 284,987,695 263,101,403
oper.
rev.
1,200,000 shares of
common
Northern
of
$
'
Net
'
2801.
p.
$
1
Railway
Railway oper.
.
>-V.
$
of
-6 Mos.—1946
1947-
1947—Month—1946
$
Alexander E.
by
(Including all leased lines)
Period End. June 30—
Highest Since 1931—
ness
from
FIRST SIX MONTHS
FOR JUNE AND
EARNINGS
Co. of New
Mutual Life Insurance
"
Monday, August 4,1947
CHRONICLE
& FINANCIAL
THE COMMERCIAL
(470)
10
Co.—To Sell Preferred Shares— ;
proposal to create an
of-cumulative preferred stock (par
$100),-of-which it is proposed to-sell- 50,000 shares, bearing 3%%
dividends; through' F.- Eberstadt & Co., Inc., to a- small, group - of in¬
stitutional investors; :The, preceeds -will be .applied -to .completion, of.
additional plants facilities'- at -Groton, Comw and -Brooklyn; .N. -Y, •
:
(Chas.) Pfizer &
The
stockholders
authorized
issue- of'
V--V,' 165/-"p:
'2674;
on
Sept. 3 will-vote on a
200,00 -shares
"T .r •
- -'v,.-.
i
Volume 166
Number 4617
*
(471)
Philadelphia Electric Co,—Weekly Output—
The
output of this company and its subsidiaries for the
July 26, 1947, amounted to 125,938,000 kwh., an increase
ended
1,160,000 kwh.,
0.9%,
or
New General Counsel
Vincent
Philips,
Bernard
P.
of
FOR
ENDED
MONTHS
12
JUNE
and
Federal
income
Federal
excess
profits
$
—
9,157,497
11,119,483
8,768,909
taxes.
;—.—
.
Other
Federal
State
and
Gross
taxes
local
income
Income
Net
income
Dividends
Balanct
available
per
—V.
p.
166,
for
share
of
stock
common
18,828,326
—V.
McComas
$1.51
166,
elected as Executive Vice-President.
1, 1946, in the capacity of Vice-President.
Net
oper.
$810,433
630,199
.Net
Total
15,325
$3,407,002
91,311
,
new
the
in
between
obtaining
purchase
of
Common stock
principal
finance
$3,498,313
.
61,749
3,291
718,814
will
and
be
of
the
The
the
at Room
stock will
acquire
of
the
of
new
be
received
to
up
to
Of
an
stock
the
the
160,000
Pepco
all
of
the
real
income
All
•Incl.
$649,648
Fed.
tCredit
inc.
in
$772,729
in
first
due
six
$384,232
tCr$14,025
adjustment
$128,788
-
to
months.—V.
166.
$2,758,941
$1,077,177
in
June
and
and
& West Virginia
old
preferred
stock
June—
Gross
Net
1947
Net ry.
Net
ry.
V.
$385,877
$605,098
$620,342
38,349
167,355
184,234
110,671
35,093
165,646
135,420
».
J.
railway—
'
3,237,492
2,029,190
58,731
income.—
oper.
■.*;
166, p. 58.
570,604
1
4,007,007
54,038
'
'
•
3,567,793
1,462,719
<
1,124,622
1,202,827
"
832,389
the
There
,
have
been
called
not
New
The
York.
Chase
The
redemption on Sept. 1, 1947, out of
moneys in the sinking fund,
$125,000 of collateral trust 15-year sinking
fund 4% bonds,
due-Sept. 1, 1971.
Payment will be made at par and
accrued interest at
the Manufacturers Trust
Co., trustee, 55 Broad
Street, New York, N. Y.—V. 165, p; 3288.
preferred
underwriters,
contract will offer
surrendered
'•
Months Ended*June 30—
Total coal produced
(tons).'
Six
Gross
Cost
sales
Income
Interest
•
1947
operations
$924,405
4,150
$1,516,813
...
Administrative and general expenses
Taxes, other than Federal taxes on income
97,555
133,661
—
for
depletion
and
Provision for Federal taxes
Net
depreciation
on
339,484
210,000
$731,354
339,484
—
declared
Earnings per share
outstanding
—V. 165, p. 216.
120,473
-
390,000
$410,779
_
profit for the period.—;
Dividends
87,305
99,998
164,243
income..
on
$928,555
$1.21
Portland Gas & Coke Co.—Seeks to
Alter Capital—
The
filed
the
company,
plan
a
it
bo
will
also
would
among
Stock
with
the
only
parent,
SEC
of
to
readjust
stock
common
with
for
American
their
fair
large
and
preferred
Power
&
Portland's
and
debt.
Light
eliminate
arrearages.
The plan
distribution of voting power
consists
of
53,985
shares
of
the
also
the
owned
plan,
American
certain
a
would
latter's
-
number
exchange
7%
would
and
of
the
shares
6%
surrender
of
preferred
latter's
stock
•
•
>
to
<
its
common
Portland
on
The preferred shares
acquired
American to Portland for
cancellation.
of
7%
anjl
amendment.
As
of
8,712 shares, of 6%.' cumulative1
preferred,
par, and held by the public and
311,130 (no par) common
which, • all but 11 directors' qualifying shares are
cancellation
ican
have
structure
would
by American Power.
Under
Co.,
capital
It
dividend
equitable
the security holders.
capitalization of Portland
$100
shares
its
stocks
provide
cumulative
both
and
consist
preferred
common
basis
a
would
be
subsidiary
shares.
held
to
Amer¬
by
be
for
it
for
filed
by
surrendered
by
31,
1947,
dividend
arrearages
on
the
7%
preferred
amounted
to
$59.26 a share, or a total of
$3,199,151, and on the
6%
preferred stock $50.79 a
share, or a total of $442,482.—V. 165,
p. 2803.
*
\
'•
'
•
„
.
.
'
| Potomac Electric Power Co.—Recapitalization Plan
Approved—Bids to Be Received—
r.
The
of
SEC
on
July
the company.
Under the plan
(1)
To
exchange
30
the
approved
company
redeem
or
the
amended
will
issue
r
to
Sept.
(par
140,000
the
shares
holders
of
(new
recapitalization
plan
proposes:
on
1,
1947
$100).
preferred
all
of
its
outstanding
cumulative
of
For
stock)
5y2%
this
(par
preferred
cumulative
purpose
$50)
Pepco
and
will
its
presently outstanding old preferred stock
to. exchange. their
shares, for shares of the new preferred
thq basis of two shares of 'new
preferred stock for one shale
of old, plus a cash
adjustment.
Such cash adjustment will
represent
the difference
between the price, to be paid, to Pepco for the shares
the
right
Atock
of
the
on
new
preferred
stock
redemption price
not issued
of
the
old
pursuant
preferred
to
the
stock
5%
stock
(ii)
the
exchange offer and
(exclusive
of
accrued
each
and
of
share
in
$6
new
in
Bank
the
of
pursuant
Denver
American
the
on
above
received
of
the
called
by
respective
accrued
the
and
to
the
of
7%
cash
Bank
stock
any
of
,
the
1947
dividends
the
old
each
stock
the
stock,
share
and
electric
after
that
to
L500
1,000
Rhoades
1,000
w.
Bros.
2 GO?
.
Co.__
m
Hutzler
&
19,250
Scanlan & Co
Simons,
2,000
Roberts
&
1800
Moore & Co.—Z
Stern Brothers &
Co._
Stone, Moore
4,500
Amos
&
Co., Inc._
l!000
3|000
600
C.
Sudler &
Co._^__
Tucker, Anthony & Co.
11,000
—
^
Pressprich &
Co.
&
Co
600
Smith,
2,000
—
Co.a-
Inc,__
sen,
R.
and
Salomon
Walter
&
1,000
7,500
Co
1,200
9,250
by redemption
otherwise.—V.
or
share
one
of
6%
cash
•
■
166,
307.
p*
company
will
old
for
prices,
not
preferred
difference
series
to
expenses
the
of
of
such
between
an
number
for
alternative,
each
New
the
of
SEC
England
of
stock
obtain
new
shares
SEC
put
of
May
cumulative
the
stock
not
Electric
1947,
and
for
was
removed
'
output
for
the
of
the
approximate
program
will
be
be
which
no
follows:
to mar¬
note, before the
stock
bids
from
(par
was
ma¬
$100)
received
registration
*
/
July
filed
July 9
22.—V.
'
Corp.—Output—
ended
EXPENSES
Period End. May 31—
OF
CAR
AND
AUXILIARY
1947—Month—1946
OPERATIONS
1947—5 Mos.—1946
Sleeping Car Operations—
Total
revenues
"Total
$8,847,646 $10,770,468 $46,486,030 $59,468,353
8,164,848
10,472,150
41,739,833
54,886,997
expenses
Net
revenue
$682,798
$298,318
$4,746,197
$4,581,356
Auxiliary Operations—
Total
revenues
326,883
2,142,135
318,663
Total
26'3,179
" 318,663
288,179
567,449
1,574,686
expenses
expenses—
Net
revenue
Total net
All
tTaxes
be
387,432
—-
Total
-*
$68,769
revenue
accrued—
-
1,856,599
378,672
1,477,926
$38,704
$567,449
$378,673
$337,023
$751,567
603,384
Operating income
to
$5,313,646
$4,960,029
496,9 1 8
$148,184
3,641,95 4
$$159,894
$1,671,692
3,757,317
$1,202,712
"Includes:
used,
Depreciation
—-
648,783
Depreciation
adjusts.—
2,545
658,204-.
8
{includes:.
3,270,930
3,311,927
6,979
-
4,070
V
,
Payroll
U.
taxes—:
Govt,
S.
excess
515,8'62
-
income
and
p.
502,652
2,637,663
2,705,024
223,750
127,966
.....
profits taxes
JLoss.—V. 166,
78,525
;.
174,238
308.
Radio-Keith-Orpheum Corp.—Sells Pathe News—
See
Warner
Bros.
Pictures,
Inc.; below.—V.
Reed-Prentice Corp.—Files With
On
July 22
p.
SEO—
.
3174.
.
letter of notification was filed with the SEC for 2,500
par) common stock, to be sold on behalf of Charles S.
Vice-President of the company.
Stock is to be sold at market
a
through Tucker, Anthony & Co.—V.
Reiter Foster Oil
The
165,
($2.50
Payson,
,
scheduled
for
proceeds
(The) Pullman Co.—Earnings—
$223,827
expenditures
as
used
their
equal
will
company,
be
the
week
REVENUES AND
stock
will
at
amount
aggregating -approximately
of
to
operating companies served by this corpo-*
July 26, 1947,
totaled 216,889,000 kwh.,
as
compared with 195,274,000 kwh. for the
corresponding week last
year, an increase of 11.1%.—V. 166, p. 375.
June
exchange.
exchanged
1,
New-
prior
competitive
stock
preferred
29
sale,
for
up
162.
ration
and
from
preferred
for
use
of
-
Public Utility Engineering & Service
exchange period will
shares of old preferred
eligible
forego
Hampshire
may
New
3398.
and
England's
on
20,000
the
166, p.
The
any
New
July 24 approved the company's application to borrow
the Irving Trust Co. and to issue in
evidence thereof
promissory note with a maturity of ninejnonths. The
The
when
pre¬
1947,
1,
exchange
England
shares
common
share' of
price
New
competitive bidding
(i)
old
165, p. 2007.
%
Corp.—Acquisition—
has purchased
a one-half interest in the Lenoir Josey
gas field in Harris County,
according to an announcement by J. S. Cosden, Jr., President.
property represents an investment in over 1,400 acres on which
company
holdings in the Joyce Richardson oil and
Texas,
The
are
the
six
same
Electric
plant, $4,849,100; electric transmission system, $1,885,200;
distribution system,- $5,706,100;gas transmission
and distri¬
system, $6,037,200; other general equipment and
facilities, etc.,
Total, $20,729,300.
the
exchanged
shares.
common
at
said
program
the
establish
stock
the note are to be used for
construction purposes.
The present proposal is a
temporary expedient and, subject
with
each
for
1948.
that
Hampshire
Public Service Co. of New Mexico—Bank
Loan—
shares
construction
As
of ,New
Hampshire
Preferred Stock Removed from Registration—
an
estimated
Co.
New
ket conditions, the
company will refinance
turity date thereof, by the sale of preferred
preferred
of
Oct.
preferred
redemption on Oct.
which
includes an
dividends
stock.
The
monthly dividends for
1947, to holders of record
be
Hampshire—Registers With
.
the
may
the
and itself establish
the exchange.—V.
165, p.
'■
adjustment
an
Service
offer
bidding
in
regular
new
stock
time
outstanding
classifications
$2,251,700.
1 500
&
Pacific Co. of California—
Peters, Writer & Christea-
Sulzberger &
Loeb,
are
0f ghq
Co.
Sidlo,
M.
number
Invest-'
Mullen
Newman
4,500
lien
below
generating
bution
the
Co.
11,000
underwriting
in
$7
addition,
/respective
(the
the
on
preferred
company. estimates
major
K.
1,500
^0,~
the
price bid
to
Hampshire to be
Although the amounts to be Used for particular construction items
comprising such construction program are not exactly determinable,
the
J.
ment
Maynard H. Murch
Earl M.
may
underwriting commissions and estimated expenses- aggregating
approximately $336,219 in respect thereof.
Such
proceeds will be
and
The
1,500
basis
and .unpaid
towards
debentures.]
and
$1,000,000 from
proceeds to be received by the
company from the issue and
of the
remaining 97,801 shares of the new preferred stock, will
$9,780,100 (excluding accrued dividends), and the
company
will
1947
convertible
underwriters
6,000
11,000
of Public
pay
for
sinking fund
registration statement was filed
July 28 with the SEC covering
unspecified amount of ($10 par) common.
A total of
565,553 shares
now
owned by New
England Public Service Co.
The registration
statement was filed in connection with
the amended corporate
simplifi¬
cation plan of New
England which was approved by the SEC
June 30,
1947.
The latter has asked the Federal
District Court, at
Portland, Me.,
for an order
approving the plan.
The amended plan provides that
New England
may retire its prior, lien stock in cash or
by
ranking
The
used
of
out-
severally agreed to purchase,
6,000
Co.—
of
of
preferred
for
In
equal
on
respect thereof.
sale
be
A
first
stock.
1,
Aug.
redemption
and
series
are
company, to effect
equal number of shares of the old preferred stock,
either pursuant to the
exchange offer or by application of the pro¬
ceeds of the sale of the
unexchanged portion of the new preferred
stock to the redmption on
Oct. 1, 1947, of the
unexchanged old pre¬
ferred stock.
In
the event that none of the
presently outstanding
shares of 7%, 6%
and 5%
preferred stock is exchanged and all are
retired by
call for redemption, the amount
required to effect such
redemption would be $6,705,456, plus an amountequal to accrued
dividends from Aug. 1, 1947, to
redemption date.
In such case, the
proceeds to
be
received
by the company from the issue and sale
of 62,199 shares of the new
preferred stock will be $6,219,900 (exclud¬
ing accrued dividends), and the company will
pay underwriting com¬
in
may
had
v-q
Public Service Co. of New
SEC—
Guaranty
National
redemption date.
PURPOSE—62,199 shares of the new-preferred stock
together with cash from the general funds of the
missions
the
20,8'00
& Co._
&
ment
the
acceptance and transmittal duly executed.
expire at 3:00 p.m. (EDT) on Aug. 8, and
shares
cumu¬
series
The stockholders at
the adjourned special
meeting held on July 28
increased the authorized
capital stock by the addition of
250,000 shares
of a (new)
preferred stock, $100 par
value, and approved a proposal
to eliminate the
presently authorized first preferred stock on
retire¬
by depositing, prior to the time of the expiration
exchange period, certificates for the number of shares of out¬
standing old preferred stock which they desire to
exchange, with either
Guaranty Trust Co. of New York, agent, 140
Broadway, New York,
or
Colorado National Bank of
Denver, sub-agent, 17th and Champa
Sts., Denver, Colo., accompanied by the
appropriate form of letter of
stock
of
19,250
the
of
shares" 1
registered
subsidiary,
mortgage
$7,000,000 3%
New Preferred Stock Voted—
public offering price per share, and upon the
redemption price of the 7%
preferred stock of $110 per share, the
redemption price of the 6%
preferred stock of $106 per share and the
redemption price of the 5%
preferred stock of $107 per share and, in each
instance, an amount
equal to accrued dividends on the old preferred stock to said
redemp¬
tion date less accrued dividends on
the new preferred stock to the
closing date.
of
consolidated
$298,800 of first
Co.___
F. S. Moseley &
to the closing date.
The foregoing exchange offer is based
exchange price for the new preferred stock equal to the initial
Holders
a
750
Co.—1,000
Dam
its 2%
provisions
preferred
cash
dividends
from
accrued
1947,
being
an
July having been declared payable Aug. 1,
July 15, 1947) to the redemption date thereof,
i.e.,
1,
Co.,
names
Corp.—
r
OFFER
cumulative
preferred
made
accrued
ferred
be
preferred stock consisting of
20,000 shares of 6%
«tock, series 1925 (par $100). and
50,000 shares
preferred stock, series of 1927
offer
be
for
share
one
the retirement of
July
_
t
will
the
169,742
$2.15
to
each holder of
'
shares presently
...
cash
of
upon an
income
Provision
3,105,722
4,706
income
Total
$4,030,127
$1,512,107
—
preferred .stock
share
889,209
-
4,454,889
...
$10
in
Fuel
underwriter has
6
Merrill Lynch,
Pierce,
Fenner & Beane
a
Bank, New York.
shall,' in preference to
stock
and 5%
and
and
and
&
Carl
conveyed
of
stock,
1946
1,163,460
$5,966,996
—
——
*
Subs.)—Earnings—
—
—
from
'
;
——
sales
of
"
National
Registrars—The
pursuant
to
new
Pond Creek Pocahontas
Co. (&
subject
4*A%
certificate of
Incorporation, as to
shares reserved for the
conversion
Harris, Hall & Co. (Inc.)_
Kalb, Voorhis & Co
company's presently outstand¬
preferred stock the privilege
exchanging his shares of old preferred stock for the shares of the
new preferred
stock, on the basis of one share of new preferred stock
ing 7%, and 6%
■
the
Kidder, Peabody & Cq.._
Kirkpatrick-Pettis Co.___
National
EXCHANGE
for
as
in
in
210,000
Co.
equal to accrued dividends to the date fixed for redemption.
(The) Pittston Co.—Partial Redemption—
designated
175,000
the board of
rLn 1an? Go,-~—
&
M.
Hallowell,
prior to June 1, 1952, $102 per share if redeemed on or
subsequent to
June 1, 1952, but prior to June
1, 1957, and $101 per share if re¬
deemed on or subsequent to June 1, 1957, plus in each case an amount
'
.
new
by
Eastman, Dillon
junior thereto, be entitled to dividends at the rate of 4(4% per
annum,
payable quarterly on March 1, June 1, Sept. 1 and Dec.
1, in each
year.
Company shall have the right at any time or from time to time
to redeem all or any
part of tile new preferred stock upon not less
than 30 days' prior written notice
by paying $103 per share if redeemed
'
..
railway—823,002
from
Net
1944
income
oper.
From Jan. 1—
from
1945
181,170
railway
railway
1946
$642,723
from
from
Gross
The
Agents—Colorado
of
and
follows^
^
dividend of 41/4%
share.
A group headed
Transfer
Gas
Bosworth, Sullivan
shares
an
Denver
Ry.—Earnings—
be
of
of
of
Trust Co.,
Pittsburgh
limitations
Boettcher and Co—
terms.
307.
p.
to
875,000 shs.
issuance is
series
NO. of Shs.
underwriting commission of $2.91 per
by Glore, Forgan & Co. and W. C. Langley & Co. stipulated an under¬
writing commission of $5 a share to manage the distribution on like
*
further
initial
Initial
tIncluding
307.
exchange offer will be redeemed by the company.
The issue was bid in
July 28 at an offer of 100,
$1,688,831 $Cr$631,356
carryback
taxes
1946
$361,929
to
The First Boston
the
shares
is
determined
as
i
as
'
Net
stock
and
recapitaliza¬
property
but
(An
of which 160,000 shares are
additional 15,000 shares of such
UNDERWRITERS—The
offered, the several underwriters are offering
62,199 shares in exchange for the outstanding 62,199
company's 7%, 6% and 5% cumulative first preferred
This exchange offer will
expire at 3 p.m. (EDT), Aug. 8, 1947.
stock.
preferred
debentures.
5%
a.m.
and
'
160>ooo shs.
«Jrur.!thei d®tails regarding company's history, business, etc., was
ftf Mn L°nnn oT«° i,Ju?e
of $40,000,000
27/s% bonds 23^ page 3288' in connection with offering
Bosworth,
of
limited,
*<•/hi^«aS(.
Iy^10' Alii7'
bonds, series A due 1952.
National
stock
Pepco upon the
'
f 1,250,000 shs.
stock,
sold
Puebl°
York City.
preferred
new
of
000'000
7
directors, but there
present plan for the issuance
of the additional
15,000 shares ot
initial series.
The remaining 75,000
shares of the 250,000 shares
authorized cumulative
preferred stock are to be issuable
&
aggregate
not
mortgage.
Goldman, Sachs
of
shares
common
$40 000 000
250,000 shs.
no
ot
sale
11:30
*
$7,000,000
_
■
1961, 60 Broadway, New
convey
is
the
The
and
«ed.
Pepco.
to
offered.
subject
of
the
•
preferred
pursuant
Chase
Outstanding
1977
such
redemp¬
made
of
cumulative
issued
is
Co., jointly headed an investment banking
group which offered on July 30 at $100 per share (and
dividend from June 1, 1947)
160,000 shares of 4V4%
cumultive preferred stock
(par $100).
40,010
20,735
20,558
be
Public Service Co. of Colo.—Preferred Stock Offered—
The First Boston Corp., Boettcher & Co. and
$1,137,922
136,470
3,321
and
Trust Co., New York, under
$7,490,000 for a period of six
stock.1-
common
the
lative
than
amount
the
amount
restrictions
of
rate
less
not
series due
($20 par)—
"Authorized
to
&
borrow
PRESENT FINANCING
Authorized
„
.
proposes:
To
shares
$426,969
dividend
be
consummation
loan
Pepco
Bank
will
the
bank
,
convertible debs, due 1962
Cum. pfd. stock ($100
par)
t4</4% cum. Pfd- stock
stock.
the
funds to
pending
Chemical
Pepco
purchase of
Great Falls and
$1,024,307
113,615
$789,439
Miscell. deductions
Total fixed charges.—.
loan
,
11
GIVING EFFECT TO
3%
(2) To acquire, upon the dissolution of its two
subsidiaries, The
Washington & Rockville Railway of Montgomery County and Great
Power Co.,
the remaining assets of Washington Rockville and
$2,941,593
$411,644
11,438
income
Pepco
Falls
t$2,218,237
3,112,934
394,828
Cr523,127 Cr3,578,343 Cr3,637,372
$778,001
income
in
the
which
shall
preferred
new
The
85,000
tion
160,762
Cr597,767
income
oper.
ry.
and
which
and
by Great Falls to Washington Railway.—V. 166, p.
1947—6 Mos.—1946
$49,279
stock,
stock.
agreement
York,
of
Sullivan
•Railway tax accruals—
Equipt. & jt. fac. rents
,
for
stock,
1%
bank
(1)
$2,386,304 $17,947,372 $11,490,837
2,337,025
15,005,779
13,709,074
2,519,934
expenses
rev. from ry. oper.
Other
loan
such
of
provide itself with
preferred
2,961,250 shares
Pittsburgh & Lake Erie RR.—Earnings—
$3,330,367
to
preferred
New
terms
of
short-term
a
order
old
Bids for
.
revenues
All shares
redemption,
services
and
CAPITALIZATION,
First mtge. bonds,
27/a%
and
for
stock
preferred
new
l/20th
Washington Railway
company's 75% interest wildcat, the No. 1 McEntire, indicated
a
new
pool or large extension to Fullerton Zone production in the
Ector and Goldsmith Pools, Ector County, Texas, when it flowed
at the
rate of 650 barrels a
day on a iy2-hour drill stem test with 2Vs million
cu. ft. of gas per
day at 6,125-6,200 ft.—V. 166, p. 375.
',
oper.
its
value
par
in
the proposed
Phillips Petroleum Co.—New Well—•
1947—Month—1946
10 days.
be
presently
outstanding 90,000
(par $100), all of which is owned by
Washington Railway, & Electric Co., will be reclassified into 85,000
shares of the proposed, new
preferred stock and 2,961,250 shares of
The
Railway
Railway
of
(EDT), Aug. 13,
Period End. June 30—
preferred
part
of
such
recapitalization
shares of Pepco common stock
307.
p.
proposals
As
been
has
the company Oct.
exchange
to
is
days at a cost of $7,500, with the option of extending the loan for a
period of 90 days at an interest cost of 1Vi % per annum.
(3) To increase, after the proposed redemption of its old preferred
stock, its authorized capital stock from $30,000,000 to $75,000,000,
consisting of 400,000 shares of preferred stock (par $50)
(the new
preferred stock) and 5,500,000 shares of new common' stock (par $10).
375.
Parker
He joined
written
of
make
new
Bank,
Philip Morris & Co., Ltd.—Official Promoted—
O.
proposed
old
rate
the
bank
a
the
16,293,928
$1.85
of
the
to
2,168,768
stock
common
of
18,462,696
1,965,268
stocks
of
multiples
in
To
tion
6,064,686
20,793,594
,
,
_
shares
dividend
of
(2)
24,527,382
5,363,171
preferred
on
Earnings
26,156,765
_T
the
offer
the
$7,490,000
1,728,625
3,947,896
4,306,933
...
deductions
with
invite- sealed
of
be
3.60%
?>!j93'396
1,821,959
-—
taxes—.——
shall
48,818,169
~T—r
.
of
annual
8,585,384
—
...
exchange
compensation: (b) the aggregate amount of the compensation
to be paid
to the bidder for the services in connection with the
exchanges and the purchases of the unexchanged shares; and (c) the
101,881,761
taxes—
The
140,000 shares of new preferred stock as are not re¬
quired to effect exchanges.
Each proposal shall specify (a) the price
per share
(exclusive of accrued dividends) to be
paid Pepco for the
unexchanged shares, which price shall not be less than the
par value
($50 per share) of the new preferred
stock, after deduction of under¬
1946
utility income— 111,800,319
maintenance
59,237,682
other
expenses
including
for depreciation
adjustment.
writer's
$
Provision
such
30
1947
'
revenue
to
exchange
legal department to succeed the
appointment becomes effective Sept. 1.
The
connection
proposes
company's
the
Carey.
EARNINGS
Operating
Operating
In
Appointed—
dividend
a
old
of
year.
McDevitt, senior partner of the law firm of McDevitt,
Farran, Philedalphia, Pa., has been appointed General
and
in charge
Counsel
late
P.
the corresponding week of last
over
less
for acceptance for a period of
approximately
preferred stock so acquired will be retired.
open
electric
week
Of
dividends)
.
deep
field
7,000
200,000,000
The
below
wells,
General
ft.,
cu.
Retter
10.000
of
in
and
the
ft. daily.
Foster
ft,
input
one
Crude
one
well
Sun
largest
.
,
and
Oil
gas
a
recycling plant.
In the
Co. recently completed: a well
wells in Texas, gauged at over
...
,
■
,
Cohipany'is
the
field
production in nearby fields,
to
Mr.
considering
test
sand
plans
which
Cosden added.—V.
to
has
drill
a' well
provOn
165,
p.
\to
prolific
3327.
.
V1
.
THE COMMERCIAL & FINANCIAL CHRONICLE
(472)
12
together with accrued interest thereon to and
at the principal office of Guaranty Trust
York, upon presentation and surrender of
said bonds,
accompanied in the case of coupon bonds with all ap¬
purtenant interest coupons maturing on and after Jan. 1, 1947,
Said
Jan.
1,
1947
and July 1,
1947 coupons appurtenant to said first
terminal
and
unifying mortgage bonds may be detached and pre¬
sented for
payment in the usual manner at said office.
All bonds
or
coupons detached as aforesaid should be accompanied by properly
executed U. S. Internal Revenue Ownership Certificates in respect of
the interest payable on Jan. 1, 1947 and July 1, 1947.
Co.,
each of the 2,144,259 outstanding common
issued in exchange for
shares.
••
Dividend—
Receive 25-Cent Cash
New Stock to
•
share on
the new
of record
Sept. 9. This is equivalent to 50 cents per share on the old shares qn
which the two-for-one split becomes effective on Aug. 8 and which
declared a dividend of 25 cents per
increased common stock, payable Oct. 1 to holders
"
have
directors
The
received
cents
35
1947
share..
common
1946
'
—;
$1.77
$1.35
Corp.—Purchase & Lease of Plants—
Republic Steel
Assets Administration
War
The
July 16 announced the sale
on
and
corporation of government-owned steel plants at Warren
and Youngstown, Ohio.
The agency said the property is "scrambled
in with" public steel plants in the two cities.
The
government by-product coke plant at Warren, with a rated
capacity of 325,000 net tons of coke annually, was sold to Republic
for $3,864,000.
The Youngstown property, including a blast furnace
with
a
rated capacity of
392,000 net tons of pig iron annually,
was leased for ten years,—V.
165, p. 2803.
*
this
to
lease
(4)
.
166, p. 163.
—V.
•
company
July 28 filed
on
a
Boston—Registers
Inc.,
;
Association,
Racing
Revere
With SEC—
A
racing track at Boston.
Company operates a dog
proceeds,
1947
railway.—
railway
Net
from
Net
ry.
income—
149,101
oper
$3,142,440
220,068
629,318
113,821
507,159
1—
railway
$2,957,007
1,383,790
$2,079,213
$1,938,26*7
from
Gross
from
Gross
—V.
.
13,500,937
18,053,877
4,182,189
8,642,893
1,132,906
The
1,723,309
of
or
do
Net
from
Net
ry.
Gross
Net
1946
1945
1944
$371,293
$486,417
♦25,948
93,273
*60,733
65,604
ry.
$416,450
39,018
15,841
1947
$425,267
railway
from
♦26,776
railway.-
Net
from
Net
ry.: oper.
:
♦72,383
income—
ry.
2,409,531
2,519,532
*50,068
72,097
166,
♦473,233
♦257,361
*101,551
*3,918
Operation
earnings
Cost,
Depreciation
Provision
Net
-V.
taxes
—:
:
.'
charges
depletion—:
and
—
income
219,343
165,
Period Elnd. June 30—
Total
of
& struct.
$9,029,896
1,325,856
$7,808,341
1,213,075
1,407,555
_•
"Transport,
Other
Earned
Total
Preferred
20,551,326
Common
3,687,645
3,318,270
583,915
.611,078
3,560,821
oper.
Other
Total
income
$6,685,651
654,822
Total
41,363
47,570
Deductions from income
$702,392
18,160
4,255
$5,052,698
-
27,867
«
Gross
.
1947
from
railway
Net from railway
Net ry, oPer, income—
$8,471,409
1,708,252
$7,362,010
of
beginning
Net
from
from
-Net ry,
the
surplus,
May
seven
1,394,131
58,282,166
55,890,982
16,486,139
7,760,019
General
163,
1945
Net
1944
Other
months-1945
Net
$361,901
ry.
159,651
121,616
Gross
Interest
1,190
2,587
38,652
48,138
1,924,344
1,742,366
1,959,082
2,071,685
:
766,009
975,639
205,257
Net
—V.
profits tax, $1,306,000.
excess
Southwestern
in
notice
a
the
of
District
ot
Ry.- -Payment of Bonds and
U.
S.
dated
for
July
District
Missouri,
proceedings
pany has -provided
and coupons:
p°ns
of
24
Court
dated
company
states
that
Eastern
July
14,
and its
the immediate payment
'+«
more
166,
p.
Expansion—
$4,000,000 in the next two
than
facilities,
productive
163.
.
it
was
an¬
Co.—Weekly Output-
company
1947
1946
1945
1944.
$34,375,199 $32,129,559 $44,910,455 $41,757,585
7,972,133
4,227,335
15,663.358
13,564,004
3,623,125
3,761,396
3,062,249
2,470,058
200,026,036 186,345,578 248,899,308 244.856,065
46,383,403
17,034,034
75,337,615
75,977,908
income—
will
company
to
15,091,976
11,217,085
19,551,738
19,003,867
issue invitations within the next two weeks for
August 19 for $11,400,000 of equipment trust
are
dated Aug.
1,
1947,
and will be
considered
be
certificates
The
series
as
cost
of
V.
new
Proceeds will finance part
equipment.—V. 166, p. 376.
of
the
$15,266,286
Southern Ry.—Earnings—
from
Net
Net
ry.
1944
1945
1946
1947
June—
railway—. $17,197,700 $16,807,302 $21,462,748 $21,591,285
3,603,200
2,514,101
8,086,987
8,825,256
Gross from
railway..—_
v
2,635,375
2,292,311
1,002,549
1,407,358
income...
oper.
From January
1—
railway—. 110,708,335 103,380,292 135,556,624 129,214,464
railway—
25,596,548
18,858,587
54,633,999
52.668.872
from
Gross
from
Net
ry.
16,565,960
16,412,480
8,035,357
10,872,591
income...
oper.
166,
376.
p.
Spokane International RR.—Earnings—
Gross
Net
78,500
52,083
9,767
25,924
942.407
698,223
1,146,684
240,212
99,134
480,146
329,247
79,790
60,284
141,662
118,215
14,257
oper
from
Net .from
ry.
27,149
41,200
income...
railway
From January
at the present time
loan
the
ry.
Gross
1944
$168,444
$126,527
railway—...
from
Net
166,
railway....
p.
14,998
1—-
railway..
income
oper,
:
1945
$189,814
$169,768
from
.
1946
1947
June—
'
•
1,048,555
60.
n.
Seaboard Container Corp.—Transfer
1946;
$1,019,979
627,363
$851,677
527,156
Agent, etc.—
.51,897
34,952
60,165
58,0.41
95,432
61,102
—
—
i
,
—
agent
trar
,
maturing Jan.
1,
1947
York,
by
upon
presentation and
duly executed U.
principal of all
mortgage bonds of
Division, Eastern
dismissing the
of the
the
Net
and
July
1
1947
S.
surrender
Internal
of
Revenue
said
the
X
X
the
St,
outstanding
Louis
first
Oil
Co.
(Indiana)—Denies Shipping Oil to
$130,221
33,792
—
——
,
Russia—
$156,637
ucts, the company states that it has
oil
products to Russia, and that as
$96,429
(net)
$141,128
15,509
Income
deductions
-
—
,
$110,595
income—
In
46,042
in
announcement
an
any
This
letters
oi
basis
the
that
FOR
after
earnings
mated
all
way
in
employees
to
dealers in Standard prod¬
not shipped a single gallon of
company it is not involved
and
a
shipments.
such
net
5
MONTHS
ENDED
line
runs
earnings
after
MAY
31,
all
for
the
that
for
1947
1—
$37,083
of June, it is esti¬
will range between
165, p. 3059.
ownership
terminal
and
Southwestern Ry., which
that
.
.
.
<
V.
President
Mprphree,
of
the
Executive
Standard
Oil
Vice-President,
Development
Unit—
July 25 was elected
Co., central research or¬
on
ganization of the Standard Oil Co. (New Jersey),, to succeed Robert P.
who is resigning to become technical consultant to Internaticnal Basic Economy Corp., of 30 Rockefeller Plaza, New York, N. Y.
Russell,
(R. G.) Semler, Inc.—Earnings Fall
Six
cou-
correct press comments and incoming
there is in the minds of some of the
to
made
60.
E.
r
•
com-
from
was
indicated
Standard Oil Co. (New Jersey)—New Pres. of
month
month
charges.—V,
which
customers a false impression that short supply conditions
respect to gasoline were the result of such shipments.—V. 166,
with
p.
:
statement
company's
Corp.—Earnings—
charges
pipe
additional
$8,000 and $10,000
following bonds
x
of
5%%
the
stock, and class B common stock.—V.
$124,020
6,201
income
appointed transfer
Manufacturers Trust Co., New York, N. Y., as regis¬
cumulative convertible preferred stock; class A
165, p. 308.
the
and
for
common
84,863
5,537
1
Bank of Jersey City has been
First National
The
"
1947,
second mortgage gold income bond certificates of St. Louis
lr'aT' at the PrinciPaI office of Bankers Trust Co
New
St.
The
have the hospital pass
experienced in hospital
Equipment Financing—
estimated
1
1947
taxes—
RESULTS
b
coupons
accompanied
fiiailying
rmr-umnt
subsidiaries
^ertincates.
(2)
this
income—
oper.
designated
syndicate -of banks last
available for meeting
a
——
Seminole Oil & Gas
company
Wall
from
The
165, p. 1322.
On
16
of
railway
railway
certificates.
'
59.
Interest—
^ it
28.—V.
railway:
oper.
ry.
bids
243,864
Interest
to
i
71,360
(1)
wished
congregation
expanding
railway
Plans
.
.
doctors
spend
to
and
from
Net
$310,158
43,967
t
income—
order
the Oklahoma
From Jan. 1—
Gross
heavy 1947-48 budget, the company has
that arrangement.
This agreement covers
taxes
income
$306,605
316,193
final
purchase
located in Oklahoma City,
period of 20 years under
$2,687,030
$2,842,938
—
operating
43,156
114,072
the
to
used
operation for a
religious
plans
Standard
-Earnings—
1946
421,903
Judicial
the
a
,
from
Net
i
income
$307,644
railway
reorganization
of
output
from
19,645
—
——2
31
Depreciation
ry.
The
successful
July
on
Net
$4,081,675
375,000
1,000,000
Maintenance.',,—
8,851,197
railway.,
Louis
be
institution,
for the week ended July 26, 1947
2,389,000 kwh., as compared with 2,281,000 kwh. for the-cor,
responding -week last year, an increase of 4.7%.—V. 166, p. 376.
2,553,626
——
Operation
18,915,447
*696,729
Net
St.
Mo.
Groves,
will
Southern Colorado Power
related
income
on
revenues',
2,072;982
railway
oper. income
p.
in
company
Electric
$1,528,049
Months Ended March 31—
3
from
166,
Webster
This
Mother
the
of
Gas Co.—Earnings—
Seattle
3,107,689
1,434,051
Net
—V.
which the Sisters of
residence
bonds
Hospital.
amalgamated houses
Mercy, Province
Provincial and
The
Bethseda,-Md.
,
43,789,264
railway.
oper.
at
the
modernizing
/—V.
9,541,537
1947
from
at
The
totaled
$2,772,331
$9,703,390
From Jan. 1—
Gross
of
hands
nounced
*2,713,000
$4,217,938
375,000
'
1,000,000
2
temporary financing.
Interest on
rate of 2%.—V. 165, p. 1909.
4,554,823
June—
from
located
perpetuated,
the
years
at the
Operating
railway
income—
from
is
been
sick
into
Net
2,687,03 0
A,—
of Federal taxes
49,364,380
oper.
Net :ry,
the
work.
12,495
.
!———
dividends
Federal
Net
Pitts¬
diocese in
and ownership of a group of doctors.
All of the physi¬
owning an interest in the hospital have either reached or passed
of retirement.
Desirous of having their work of caring for
Net
3,188,881 -
St. Louis-San Francisco & Texas Ry.Gross
every
t
railway
♦Deficit.—V, 166; p.
:
in
located
and
age
$2,784,826
1,256,776
period—————
_
requirements of the
borrowed $1,600,000 under
only
From Jan. 1—
Gross
States,
practically
to
spread
direction
the
1944
$9,976,867
1,010,829
594,717
786,121
is
unit.
a
proceeds
cians
-320,000
1,613,958
$1,530,908
—
concluding its loan agreement with
Since
is
1945
1946
it
has
'
•
7,222
——
cash
*$212,813
"7 "T
Earnings of Company Only-
is
June—
$1,600,000 Borrowed on Bank Loan—
♦Deficit.
June—
orphanage,
one
was
,
General
Gross
$3,393,430
1,862,523
—■
———
♦Including
*$184,946
98,091
$698,138
United
the
Mercy
of
"
$5,150,789
$906,872
chgs.
into
Sisters
Okla.
*403
•
<
U,
$3,386,208
dividends——,.
Earned
•
home for the aged,
one
Religious
there,
Motherhouse
Council
The
City
December, whereby a credit of $8,000,000 is made
Bal. avail, for fxd.
From
Louis,
—V.
347,175
$925,032
——
•.
1,706,761
1,639,000
income
on
Amortization of emergency facilities, less
*532,121
4,898,752
252,037
St.
her
—
$41,783,141 $43,542,928
883,669
$7,121,591
expenses-
oper, income
income
:
ry.
taxes
income,,,—
surplus,
reduction
Net
-
397
X
—-•
.income—
'8,867,378
10,456,577
3,804,266
expenses.
—*—
deductions
income
Net
women,
of
grouped in nine provinces of
of
$46,079,120
7,658,102
8,784,543
21,779,675
expenses
—....
past-service; retirement
income
$52,108,601
1.543,228
revenues
way
of
System—
payable semi¬
Mo. -Callable
days notice
30
on
1929, aproximately 5,500 of the Sisters of Mercy in the United
In
are
1946
$18,392,207 $17,670,974
8,751,363
7,228,505
997,630
993,884
1,910,849
2,028,893
—
income,—
-
Gross
1947—6 Mos —1946
1947—Month—1946
equipment—.
oper.
Maint.
Other
Louis,
States.
General
1947
of limited-term investments,,-—
operating
Total
Earns.- of
St. Louis-San Francisco Rjv
Maint.
$259,702
taxes
principal
St.
agreed to l'orm an amalgamation, and to be known as the
Religious Sisters of Mercy of the Union in the United States.
Their
1,316,223
9.117
*320,702
31—
employees'
—
and
Co.,
option of borrower
interest date.
Southern Pacific Co.—Earnings—
Federal
for
Net
2457.
p.
1,377,295
71,533
*272,748
(other than Federal taxes on income)
Taxes
Prov.
114,600
$447,955
Federal
for
income
for
annuities
$2,555,083
1,987,628
71,469
121,663
$3,304,861
2,408,733
69,419
159,411
-
and
expense
Interest
1946 '
1947
12 Months Ended June 30—
Interest
Trust
These bonds draw
States
■
1944
1945
»
1,478,718
12,405
*337,500
expenses
and
repairs,
Amortization
annum
59.
p.
Depreciation
Prov,
per
July 1, 1947, through
thereafter to maturity.
from
annum
the
any
introduced
was
Pa.
_
$224,484
*20,922
74,414
Total operating revenues
Pacific Co.—Earnings—
St. Louis, Rocky Mountain &
Gross
1946
Maintenance
59.
p.
166,
Years Ended May
'
income—
oper.
♦Deficit.—V.
business
burgh,
_
138,146
$500.
Union
at
on
Congregation
Institute
.
2,389,835
♦151,246
railway
from
Net
2,787,662
railway
from
Gross
and
part,
interest
United
Diego Gas & Electric Co.—Quarterly Report—
San
From Jan. 1—
Net
__
income—
oper.
♦Deficit.—V.
•
of 3%
SKF Industries, Inc.—Plans
1,532,050
*61,245
*442,827
railway—
from railway
Net
■Earnings—
per
rate
Louis
in
serially July 1, 1950-59.
2V2%
day nursery.
one
The
$252,193
41,697
*9,982
income—
oper.
due
of
January 1—
from
at
N. Y.—
the
$261,123
*46,711
*111,138
railway—.-_
debentures
New York,
founded in
Dublin, Ireland, on Dec. 12, 1831, by Mother Mary Catherine McAuley.
At
the
time of Mother McAuley's death in
1841, the Congregation
numbered 14 houses..established in England and Ireland.
In 1843, the
of
$237,437
*24,275
*83,760
railway—
and
The
RR.—Earnings—
1947
from
St.
or
residence for
,
Gross
1, 1971, are now ready
temporary
oieST k°ndsThe houses
are a direct obligation of the Sisters of Mercy, Province
St. Louis.
und
by the respective committees
course
outstanding
■
June—
annum
June—
Gross
due
until notified in
so.—V. 166, p. 375,
From
Rutland RR.-
.
/
deposit
in
1947.-—
2,
comprising the province are in the states of
Arkansas, Illinois, Kansas, Louisiana, Mississippi, Missouri, Texas and
Oklahoma.
Within the territory of the piovince, the Sisters of Mercy
conduct
13
hospitals, 11 private schools, 45 parochial schools, one
5%
mortgage
San Antonio Uvalde & Gulf
and will mature within nine months
the date
The proceeds will be used for new construction
to liquidate outstanding notes.—V. 162, p. 3823.
.
per
bonds
rate
$1,000
at
whole
a
1947;
1,
the
1953, and at the
100
r
of
deposit of the bondholders' committees
of certificates of
holders
to
Sell Notes—
The corporation has received permission from the SEC to sell up
to $8,000,000 of unsecured promissory notes, each of which will bear
to 2%
of issue.
as
.
5%» 30-year
July
at
1,
annually
30-year
& Eastern RR., the principal of all of
payable, shall cease to accrue on and after July
and
due
of
166, p. 58.
up
first mortgage
Ry.-,
of
surrender
upon
Denomination
ad¬
and
30-year gold bonds of Stephenviile North
&
South Texas Ry. • and
first mortgage 5% 30-year gold bonds -of
Central Arkansas & Eastern RR. should not present such certificates
Rochester Gas & Electric Corp.—To
interest of
Dated
interest
company,
1947.
25,
10,560,423
1,475,004
is
vfor the'first
19,329,776
3,821,260
1,482,422
income—
oper.
ry.
Southwestern
-
delivery
July
gold bonds of Central Arkansas
271,160
12,469,504
railway
from
Net
Louis
St.
company
July
on July 21 offered
$600,000 2V2-3% direct obligation serial bonds at IOOV2
July 1, 1952 through 1959 maturities.
such bonds and coupons are requested to present
the
same
immediately for payment at the respective offices above
mentioned.
Interest on the first terminal and unifying mortgage bonds
which
1,611,962
From January
/Net
•
from
as
for the
Stephenviile North & South Texas Ry- and first mortgage 5 %
19.44'
1945
1946
,
dividend
for
—
subject to compromise and adjusfc-
as
rank
per
shares
holders
to
!^™*"'Petersori C0,> *nc-» St. Louis,
holders of all
The
.-
of
RR.—Earnings—•
Potomac
Richmond Fredericksburg &
June-
the
,
,
- •
-
with
cents
50
preferred
Sisters of Mercy of the Union in the United States of
America, Province of St. Louis
Bonds Offered — Eck-
1
should be presented at the
principal office of ■ Guaranty Trust Co, 140 Broadway New York,
accompanied by coupons and ownership certificates as aforesaid, for
payment of the compromise amount due thereon,
;
,
registration statement was filed with- the SEC July 29 covering
140,000
shares
(no
par)
common
Stock.-- Underwriter, Bonner
Bonner, Inc., New York.
Stock will be offered at $5.75 a share.
The
shares are being sold by -stockholders who 'Will receive all net
stamped
issue,
agreements
of
,.
166, p.'59.
at
said
of
Bonds
merit
..
and
59.
p.
xrie^7?jving Trust Co-» trustee, One Wall Street,
V.
the principal office of St. Louis Union Trust Co.,
323 North Broadway, St.' Louis, Mo. upon presentation and surrender
of said bonds accompanied by
all appurtenant interest coupons ma¬
turing'on and after Jan. 1, 1936 and accompanied by properly ex¬
ecuted U. S. Internal Revenue ownership certificates in respect of .the
interest accruing from July 1,1935 to July 1, 1947.
1947,
dividend
redeemable
Shell Union Oil Corp.—Definitive Certificates—
RR.
24,
initial
an
cumulative
York, upon pre¬
mortgage
July
4%
PeJ"dtive 25-year 2!/a% debentures due April
lor
1947, both
gold bonds,
principal office
compromise
to
subject
as
A
166,
year
5%
unpaid principal of all of the outstanding uncompromised
5%
30-year gold bonds of
Central Arkansas and
together with accrued interest thereon to and including
The
(5)
Eastern
12,300 shares of common stock,
without
underwriting.
Proceeds will
and
stamped
issue,
series
quarter
ending
Sept.
30,
payable
October
2
record September 2.
These shares were issued by the
agreements with the company, should be presented at the
principal office of Guaranty Trust Co., 140 Broadway, New York, ac.
companied by coupons and ownership certificates as aforesaid, for
payment of the .compromise amount due thereon.
first
letter of- notification with the SEC
to be offered at $2.25 a share
be used for operating capital
equipment purchase.—V. 163, p. 3423.
The
for
said
of
Power Co.—-Initial Dividend-J-
&
declared
V.
to July 1,
1943
1,
Jan.
the
on
the
have
of
unpaid
The
Bonds
;
sec—
maturing
coupons
directors
snare
lor
justment
C.—Files With
Resort Airlines Inc., Southern Pines, N.
Shawinigan Water
The
principal of all .of the outstanding uncompromised
first mortgage 5% 30-year gold bonds of Stephenviile North & South
"Texas Ry.,
together with accrued interest thereon to and including
July 24, 1947, at the principal office of Bank of the Manhattan Co.,
40 Wall Street, New York, upon presentation and surrender of said
bonds
accompanied
by all appurtenant interest
coupons maturing
on
and
after Jan.
1, 1936 and accompanied by properly executed
U. S. Internal Revenue ownership certificates in respect of the interest
accruing from July 1, 1935 to July. 1, 19'47.
$2,342,120
—
Interest
from the general and refunding mortgage
series A, of the St. Louis Southwestern Ry.,
at the
of Chamical Bank & Trust Co., 165 Broadway, New
sentation and surrender of said coupons.
$3,919,787
(est.)
after chgs. and taxes
Earnings, per
(3)
inclusive,
JUNE 30
ENDED
MONTHS
THREE
FOR
RESULTS
earnings
Net
payable,
July 24, 1947,
Broadway, New
140
f
quarter.
each
share
per
and
including
stockholders at the annual
be
to
due
are
Inc.—Split-Up of Stock Voted—
meeting held on July 29 approved a
proposal to increase the authorized common stock from 3,000,000 shares,
$1 par value, to 6,000,000 shares, 50 cents par value, two new shares
Remington Rand
The
Monday, August 4,1947
Net
Months
profit
Ended
after
June
charges
30—
and
Off—5-Cent Div.—
1946$414,209
1947
■
taxes
$1,401
.
directors
the
400,000
holders
11,
of
last,
on July 30 declared a dividend of 5 cents per share on
outstanding shares of common stock, payable Sept. 11 --to
Aug. 30.
A similar distribution was made on June
record
while
March
on
Payments last year
each;
p.
and
2930.
June
11,
were
1947,
11,
as
Sept.
follows:
11
and
a
dividend
Jan.
Dec.
12
11,
of
and
25
15
cents was
March
cents
11,
20
each.—V.
—V.
165,
p.
3060.
Standard Steel Spring Co. (&
Period End. June 30—
Net
profit after taxes..
share
paid.
Earnings per com.
cents
—V.
165,
Subs.)—Earnings—
'
1947—6 Mos.—1946'
1947—3 Mos.—1946
$631,861
$0.40
$423,550
.$0.27
$1,377,109
$0.88
Dr$113,652
Nil
165, p. 2319.
(Continued
on page
47)
u,j
Volume 166
Number 4617
fTHE COMMERCIAL' & FINANCIAL
CHRONICLE
(473)
Stock Record
New York Stock
fo>
DAILY RANGE OF PRICES
Exchange
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
FOR EVERY LISTED ISSUE
LOW AND HIGH SALE
PRICES
Saturday
Monday
July 26
July 28
9 per share
Tuesday
July 29
82%
81%
110
110
8%
STOCK
*79%
8%
79
110
100
8%
.
July 31
• per share
81
*100
Thursday
July 30
$ per share
f per share
STOCKS
Wednesday
8%
• per share
79%
78%
100
8%
105
8%
78%
79%
105 %
70
*8%
Abbott
1,600
ACF-Brill
Motors
1,700
8%
&
Acme
55
53
54
52
52
51
17
16%
16%
513/4
52
52
16%
16%
16 3/a
47%
46%
16%
16%
16%
46%
5,200
*46%
47
46
463/a
300
34
34 %
47%
*46%
47%
34
34
8%
34
110
5
4%
26
24%
4%
26
96%
97%
37/a
4'/a
3%
34%
*8%
8%
8%
8%
32%
313/a
31%
110
10,000
*106
llo
4%
.*23%
24%
98
23%
98
*98
99%
33/4
99%
37/a
3%
3%
5
3 5/a
37%
39%
35%
65%
*63 %
64%
63%
63%
36%
37%
35%
36
36
100
*96
39
*96
100
•96
37%
100
35%
36
*96
3,400
23%
16,100
36
36%
36
36 %
64%
63%.
63 %
300
36%
100
36
363/4
*96
100
17
17%
17%
194 %
187 Va
*19%
20%
*19%
20%
*193/4
31%
20%
32%
31%
31%
31%
31%
31%
31%
36%
373/4
373/a
38
*104%
36 3/a
1043/4
1043/4
1043/4
500
37%
363/4
37%
10,700
*20
•
21
327/a
327/a
38%
39%
37%
38%
36%
105 %
*104%
17%
♦17
188
189%
37%
105%
105%
37%
38%
36%
37%
36
36%
99
99%
98%
99
99
99
27%
27%
♦6%
27
,
27
6%
7
51
87
*41%
42
41
9%
8%
71%
70%
9
27
26%
27
♦70
71%
*12%
9
71%
71%
12
12%
44%
45
43%
24%
*125%
127
6%
93
5%
•'
91%
193%
194
52
49%
110%
108%
23%
23%
22%
109%
8%
1,500
42%
83/4
9
69
69%
24%
25%
20
11%
12%
12
12%
12%
43
43
423/4
127
<>♦125%
5%
5%
91%
5%
91%
903/4.
1933/4
48
49%
*106
48%
108
22%
22%
106
106
106%
106%
160
160
*106
91%
194
483/4
5%
49
1,800
107%
23
107%
23
*106
500
23
21%
20%
20%
20
*98
213/4
20 Va
99
116%
99
99
48%
48
47%
47%
117
32
114%
33
5 %
17%
19%
115%
32
5%
17%
32
*5
16%
18%
19
*
37/a
4%
102
102
18%
3%
101%
20
20
20
100
*98
100
114%
47%
*16%
3%
1013/4
18%
91%
*90%
37%
37 %
7%
7%
*100
105
12%
12%
14
13%
24
*114%
7%
24%.
115%
17
73/4
57
23%
233/4
7
105
12
12%
13%
133/4
22%.
*1143/a
23%
1153/4
17%
*90 %
7%
*54
23%
7%
23
800
16%
16%
17
18%
98
*95
11%
12
12
18%
17%
*101
5,100
3%
5,000
102%
17%
92
*37%
38%
73/4
55%
23%
7%
100
12%
7%
55
■
15,700
8
12
100
12
6%
*13%
14%
*13%
14%
22 3/a
21%
22%
11,300
114%
114%
100
*114%
115%
1%
154
Oct
18%
Dec
Sep
6
Nov
% May 19
Jan
23
8% Fet)
9
44 Va Mar
11% Apr
6
77% Jan
7
17% Feb
5
50
Feb
3
133% Jan
15
July 15
May 19
May 19
Jun
17
184% Mar 21
195
36
7% Feb
55 %
46
l
3% May 19
13
Jun
10
16
2% Jun
100
j\r0 par
89
__10
37
Apr 25
143/4 May 19
preferred
Jun
Aug
Jun
129
5%
May
30
Jan
64%
Apr
xl37
96% Oct
21V8 Nov
40%
Saturday
Monday
July 26
Tuesday
July 28
I per share
21
STOCK
21%
98
EXCHANGE
21
98
31%
21%
*97
11
II
CLOSED
July 29
9 per share
*103/4
31%
Wednesday
Thursday
July 31
July 30
9 per share
203/4
203/4
_
9 per share
203/4
150
120
164% Jun
Sep
Mar 12
17% Oct
20% Sep
97% Dec
34%
6
7
17% July 28
20% July 15
6 3/4 Feb
8
115% Jan
41% Nov
75
July
5%
Sep
11%
Feb
13%
Oct
23%
Jun
17% Nov
5ya Oct
28% Aug
14y4 Jan
Sep
18
Oct
90
37%
Sep
Sep
55%
Jan
5%
Oct
12%
Jan
27
44%
Oct
63
Jan
101% Feb
42% Apr
8% July
129% May
44 y« Apr
118
49
Jan
37
July 29
May 16
X34% Jan
10
313/4
Dec
35% Nov
10% Jan
24
8%
Sep
18% Mar
Apr
106% Mar
7
99%
Jan
2V0 par
-
preferred
6
—100
90
No par
1
12
INo
par
100
16
23
9% May 17
May 19
18% May 19
110% Jun
4
55
Jun
12% Jan 31
14
18
Jan
30% Feb
116
10
Jan
8
118
10%
103/a
10%
10 3/a
303/a
300
30%
Amer
31%
Mach
31%
31%
2,400
Amer
Metals
148%
30
11%
200
35%
700
11%
11%
*11
36%
35%
35%
35%
353/a
12%
11%
*34%
113/4
11%
113/a
11%
145
146
*11%
11%
112%
113%
111%
111%
102%
103%
101
102
14%
15%
12%
12%
143/a
14%
*181
186
31%
323/4
106
106 %
12
12%
18
16'
17%
173/4
38%
38%
37
38
62%
168
64%
168
35%
148
35%
148
32
60 %
63
168
*147
32%
28 %
*26
26%
26
26
38
39
156%
*136
157%
157
157%
76%
76%
76%
76%
773/a
162%
54%
119%
17
103
40
43%
97%
97%
87
87
7%
*62
*159
533/4
119
65
86
7%
*62
53
44%
111
44
111
65
•
38
53
44%
111
53%
51
52
20
18%
19%
14%
13%
13%
4%
36%
page
23.
*4%
35%
4%
36'
111
1013/4
143/4
186
*147
30%
27%
*25
38%
1563/4
*74%
76
159
52%
119%
148
t
303/4
273/4
26
38%
138%
54
*147
30%
27%
*25
*38%
*136%
53
157
1563/4
76
76%
76%
75%
159
53%
*96
106%
12
163/4
169
34%
148
31
273/a
26
39
138%
54
157
76%
76%
158
158
52
52
119
16%
22%
44%
111
Nov
Sep
35%
168
*27%
25
*38
360
35
300
7%
*62
35%
51%
*51
18%
*13
4%
35%
7%
65
36%
52
43
111%
52%
763/4
119
*96
903/4
7%
*62
100
5
non-cum
Steel
119
Refg
157
16,200
76
•
600
773/4
6,700
158
3,700
119
130
903/4
7%
65
,
513/4
29,000
'
1,100
3,200
3,200
18,500
550
43
1,600
110%
111
20
*51%
52
400
19
19
4,000
*13
14
4%
36
6%
200
400
1,000
*
8»
$6
Refining
Co
85
Corp—
Woolen
prior preference
Anaconda
$4
7
25
37% Feb
7
109% Feb 24
conv
preferred-
Copper Mining
Wire
Hock
&
Glass
Cable
Corp
preferred
Archer-Daniels-Midland
Dec
11
Oct'
34%
Sep
10%
Sep
97x/4 Jan
883/4 Jan
12% *Nov
*173% Nov
27V4
Jan
95y4 Feb
14%
Dec
4
19
Sep
34
39% Feb
24
33
Jun
27
48% May 19
64% July 28
159
May 14
172
33
144
May 19
Apr 18
158
Feb
40
Sep
45% Sep
45 y4 Mar
43% Jun
163
July
17% July
60
Apr
22% Jun
133% Aug
123% Aug
23
Feb
186
Feb
42% Aug
108 y4 July
20
Aug
33%
Feb
62
Apr
73% Jan
July 17
165
Oct
191
Mar
5
Jan
6
34% Deo
160
Jan
172
60%
25% May 19
37
8
27% Nov
60%
23V4Junlo
25y4 Dec
Apr
Feb
Apr
43
21
28% July 24
29% Jan
7
Jun
3
34
May 17
x45
100
116
May 19
146% Feb 24
No par
40
May 20
100
149% Jun
62
19
Apr
15
61% Apr
19
Jan
2
54% Feb
11
174% Feb
4
78
July
May
116%
Sep
121
Jun
8
13%
30
102%
50% Feb
13
90
110 % Feb
13
103% Feb
13
50
No par
68% Jun
5
5% May 19
May
2
30% May 19
45V4Jan 15
12.50
x41
July
No par
109
Jan
2
46% Jan
16
5
No par
2
9
73
Oct
Oct
28%
110%
Feb
70%
Jun
100% Deo
87% Dec
182%
Jun
Sep
15%
84
Dec
90
5
35
Oct
61%
Feb
26-
41
Sep
60%
Jan
4
38
Sep
111% Mar 10
108
Deo
57% Jun
51
Jan
Jan
15
20% July 24
Oct
17
16
3% Jun
17
Apr 29
106% Nov
7
1
.
15%
Jun
Jun
6
10% Jan
69x/2 Apr
42
Mar
43%
13
99% May
10oy4 May
Sep
29% Jan
7
14% Apr
30
100% Jun
174
18% Feb
62
67% Apr
159% Nov
76% Oct
106% Jan
1
68% Feb
168
Apr
Jan
150
Sep
48% Oct
July 9
26% Jan 16
25
Sep
5
101
May 23
Oct
47%
5
No par
No par
No par
38 Vb
138
Feb
84% Feb
119% Apr
No Par
Sep
82% Feb
116% Jan
9
12
May 19
14
100
Apr 17
41% May 17
24
May
38% July
163% July 23
58% Jan
3
151
Clayton & Co
21%
Anderson-Prichard Oil Corp—_10
A^aes Copper
Mining
20
Products Co Inc
1333/4
10
Anderson,
A P W
May 21
21
Feb
Jun
Oct
223/4 Feb
25
Zinc Lead & Smelt
Anchor
99
17
100
Viscose
prior
24% May 19
117% Feb
183
Jun
233/a
16% Feb
100
Preferred
Amer
21
2)1
Jun
25 y4
15V4May 20
25
preferred
Anaconda
Jan
129 »/2 Feb
100
L
Tobacco
PW'ened
y a.ter Wks & EIec
1st
Conv
May 19
11% May 19
176
7
106%
No par
preferred
American
90
July 17
14% Feo
39% Feb 24
16% Feb 24
Oct
Nov
12% Nov
No par
No par
Co„
Amer Telep A
Teleg
Tobacco
Common class B
American
100% May 19
147
100
American
340
52%
9
30
25
Sugar
Preferred
Sumatra
Jan
10% Jun
28%. May 27
9VaMayl9
Highest
I per share
21%
10% May 14
No~tt
Foundries
Jan
May
98
No par
preferred
American
Am
134
32% July 17
9 per share
No par
100
Stove
51
353/4
10
Stores
15
35%
&
American
36%
*4
Smelting
American
36%
43
conv
600
700
513/4
Mill
preferred
200
200
158
No par
Rolling
27%
533/4
76
San'y
100
25
137%
1563/4
l
Preferred
American Snuff
6%
19
4%
Amer
Amer
533/4
x253/4 May 19
No par
No par
4% %
100
137%
3
100
Safety Razor
American Seating Co
Amer Ship
Building Co
4,700
700
15
No par
American
32
39
6
Jan
153/4 Feb
preferred
preferred
Rad & Stand
148
200
42%
35
167%
97%
*110%
4%
8,700
200
43%
4%
62
58,200
111%
18%
260
60%
44%
43%
52
5,800
1,400
17
Jan
101
Light com—No par
Am
101%
*110%
14
12%
28
19
9y8May 23
&
American
580
10
94V2 Apr
No par
Preferred
107
18% Jun
No par
Ltd
Jun
15% Jun
Year 1946
I per share
100
Metals
Co
9 per share
Lowest
No par
preferred
&
Power
32,100
37
313/a
Fdy Co
cum
27,200
33%
*16%
148
Amer
186
42%
903/4
18%
$5
►100%
86
*50%
2,900
43%
7%
♦13
1013/4
1013/4
84%
52%
$6
4P/4
7%
51%
1,600
*100%
83%
65
14,900
147/a
&
6% preferred
American Molasses Co
American News Co
11%
*36%
*34%
3.90%
112%
,16%
97%
36%
20
163/a
*96
353/4
12
973/4
16%
99%
♦62
14%
*181
105%
603/4
34%
1013/4
'32 3/a
59%
169
*111
32%
60%
40%
7%
11%
X59
387/a
99%
35%
37
16
41%
*11
36
16%
119
39%
11%
113/4
36%
163/a
*94
*146
17
119%
37
free
12
*97
148%
39
1013/a
19%
footnotes
12%
98
*37
153/a
53%
For
12
16 3/a
105%
101%
86
7%
4%
106
32
17
38%
*36
105%
*181
103
54%
*13%
32%
16%
54%
44%
161
53%
119
38
*110%
186
31
*1013/a
17%
*101%
*181
54
77%
54
14%
*137
76%
161
101%
14%
53%
17%
*119
1013/4
138%
53%
111
14
35%
148'
*145%
101
169 %
28%
53
112
169%
31%
138%
111
'*34%
32%
53
146
35%
29
138 %
146
169%
35%
*28%
39% '. 40
Mach
11
30
12
34%
Amer
*10%
30%
36%
186
6,100
11
29%
*97
11
106
Shares
21%
May
9% Sep
11% Mar
Range for Previoo*
Range Since January 1
Highest
Lowest
Par
20%
May
1
YORK STOCK
98
11
32%
9 per share
Jan
Jun
100
25 % Feb
18
EXCHANGE
*97
149
105%
NEW
Apr
32%
108
July 28
Jan
STOCKS
Sales for
Iks Week
Feb
50
preferred
98
*146
•181
21%
Friday
Aug, 1
Jan
104% Sep
LOW AND HIGH SALE PRICES
I per share
Sep
1
Feb
July 29
5% May 19
1
6
6% Feb
6
No par
No par
88%
72% Oct
12% Nov36% Oct
48% Julv 28
117
16% Jan
jun
Jan
7
25% May 19
40
Apr
Deo
72% May
132% Mar
4
114% July 30
par
19%
74%
45%
Nov
26 % Feb
20
No par
Nov
42
I
24
A_I_—100
I No
9
57% Nov
25% Oct
Feb
July 14
July 22
37% Nov
12% Apr
75
Apr
91% May
63% Jun
210% Mar
163
46
Sep
Dec
134% May 20
533/4 July 31
10
64%
184
8
;
39% May
July 23
10
102
95% Nov
17%
Feb
5
Nov
106%
28% Feb
19% Jun
Jan
Oct
110
May 21
95% Jan 22
39
63% May
108
Oct
115% Jan
20
26
212% Jun
29% Jan
79
May 21
20% May 21
10
July
Aug
1
105 3/a July 18
10
Jan
61% May
113
Nov
Oct
8
Mar
54% Feu
94
82
•
July
62% May
44
11
7
Nov
Mar
Bep
6% Odt
3
99
_100
Amer Internat
Corp
American Invest Co of HI
American Locomotive
400
223/4
1153/4
Jan
39 % Mar
May 21
No par
,
38
91% Oct
17% Oct
29 Va
3% May 19
863/4 May 19
25
Co
non-cum
3% Oct
7
105% July 28
39% Feb 10
20% Feb
59% Apr
29% Oct
52% Oct
35% Feb
Mar 26
9
100
Foreign Power
conv
July 24
22% Feb
7
Jan
36
100
preferred
American Ice
3,800
14%
223/4
99
►114%
"
American Home Products
1,100
100
*95
6%
14
196
100
American Hawaiian S3 Co
American Hide & Leather
3,600
100
23%
*7%
"
Feb
22
12
No par
preferred
$7 2d preferred A
$6
preferred
700
7%
Apr
80
X125
ZZNopar
Fdy
$7
500
55
23%
Amer &
104
31
par
Corp
preferred
Distilling
8
May 19
20% May 19
100
American Export Lines
Inc
3,700
*90%
66
~
-No
Encaustic Tiling
Amer European
Sees
500
17%
92
8
American
300
19
3%
,
Amer
4
Feb
67
preferred
prior
5% Feb
44
65% July 15
48% Peb 18
July 24
-
Cyanamid Co
3%% preferred series
1,100
5%
7%
98
*133/4
31%
5%
7%
55%
7%
*30%
5%
38
38
4%%
12 y4 Feb
51% May
103
Aug
8% Jan
69% Jan
90
10
Amer
3,200
33/4
18
22%
115%
102
92
7%
30
Nov
7
American Colortype Co
American Crystal
Sugar
11,400
25
90% Deo
Mar
New
2,000
47%
ii5y4
3%
102
373/4
*54
7
♦100
18 3/a
3%
1013/4
17
*54
*163/a
18%
47 Va
115
5%
17
18%
47%
313/4
31
5
37.
8%
114%
31%
5
91%
24
47%
115
31
19
57
1,300
20
91%
7%
21%
*98
37%
23%
21%
Sep
2
7
73
iwy
Cable Inc
conv
<
No par
American Chicle
1,500
20
91%
*54
55%
100
*37%
;
54
21
20
46%
4
1013/4
55
21
203/4
♦98
5%
16%
19%
20%
5%
135
Apr
~
non-cum
Oct
5
51
I~~"
Si
Nov
104
8
Feb
6% Feb
31% Jan
101% May
16
nfd
Radio
Car
Am Chain &
30
460
«,
53%
23%
1%
1,500
107
'•
—
American
&
33
18
112
Jan
34% May 16
Feb
68% Jun
41% Jan
24% Sep
8% Dec
46
x
May
24%
1
25
26
Feb
X50
1
99% July 25
Jun
May
19
6
50
American Can
Preferred
220
49
107
2,200
91%
193
Cable
Feb
Dec
169
13% Oct
44% Jan
35
91
l
AD2i/BJake Shoe Co
5%%
Amer
30%
91
Nov
24% May 19
5% May 19
100
Airlines
6,700
16
18
30% May 19
No par
preferred
-
Jan
99% Feb
10
8
31%
99%
30%
91%
Corp
3,300
-
5%
90
161%
22%
900
43%
127
192%
108
*106
12%
43
*125%
5%
193%
193
23
43%
127
30
Jfopar
Corp
conv
May 20
May 17
29% May 17
100
American Bank Note
6%
preferred
American Bosch
2
18
preferred
cum
May 19
15% May 19
Agricultural Chemlcal-No par
3%%
2,200
71%
13
July
164
—No par
No par
Corp
Petrol
American
1,000
71%
159
23
Amer
22,900
69
conv
Amerada
800
25%
*125%
Stores
Jan
32
__x
Inc
preferred
6%
71%
160
159%
42
Co
8
93
No par
I
Co
Jan
2 3% May 19
25% May 19
56
1
Amalgam Leather Co Inc
49%
69
26
106%
•106
41%
183/4 May 19
92
1
Chemical & Dye
4%
500
87
14
a
Jan
Highest
9 per share
38% Feb
10
Apr
Industries Inc
Allied
1,000
87
Jan
4
100
Allls-Chalmers Mfg
3%% cum conv pfd
Alpha Portland Cem
1,300
6%
25%
50
110%
99%
-27%
*47
8 3/4
8,000
*71
92%
195
51%
Mills
71%
5%
194%
Kid
Allied
*70%
44
127
5%
8%
70
Allied
Allied
1,800
6%
50
41%
1,800
Allen
20%
99
87
86 3/a
1913/4
*26%
105
7
1
share
61% Apr
1053/4 Oct
10% Feb
9
10
common
900
55
per
37% Feb
May 19
29% Jun
July 28
July 25
17% Feb
May 27
100
Mln
preferred
17%
*20
6%
*47
41%
8%
12
*125%
27
6%
86%
*69
27
*70
*2-6%
6%
85%
42%
71%
26%
17%
*190%
99
51
86%
191
98%
*6%
*47
88%
87
42%
106
26%
6%
*47
51
•
173/4
6
I
7
10% Peb
30% May 16
6%% preferred A
"—100
•2.50 prior conv preferred-No
par
Alghny Lud Stl Corp
No par
Alleg «fe West lty 6% gtd
loo
3,500
190
38
No par
Allegheny Corp
3,400
*62
18%
105%
4%%
55
1
Vlcksburg Ry
Aldens Inc
470
33/4
it
110
10
Inc
Jun
87% Jan
4
__No par
Alaska Juneau Gold
600
100
3%
1
Admiral Corp
Reduction
Alabama
4%
195'/a
18%
193
•47
43/4
90
10
Air
Year 1946
Lowest
9 per share
6% May 21
43'/a Apr 19
13% May 19
2.50
Express
share
66% May 20
No par
Co
Co
Address-Mutlgr Corp
110
47/a
23%
*63%
37%
*106
4%
23%
98
Adams
1 per
No por
com
Straus
Steel
Range for Previous
Range Since January 1
Highest
Lowest
Adams-Mills Corp
1,700
2,100
313/4
32%
*106
4%
34%
8
31%
25
96%
34
8
32 %
♦106
110
34
8%
31%
33
♦106
34%
8
87/a
32
Laboratories
Abraham
16%
CLOSED
STOCK
Par
1,900
105%
8%
YORK
EXCHANGE
Shares
54
EXCHANGE
NEW
the Week
9 per share
79%
105
8%
Sales for
Friday
Aug. 1
58% July
Jan
May
62% May
xll4% Mar
x64% July
Jan
29
13%
Sep
27% May
24% Feb
6% Feb
21
4%
Nov
10%
Feb
17
39
26% Mar
Feb
14
THE COMMERCIAL & FINANCIAL CHRONICLE
(474)*
YORK
NEW
RECORD
STOCK
STOCKS
LOW AND HIGH SALE PRICES
July 29
July 28
July 26
t
f per share
per
182%
182%
182%
46%
1081/2
182%
18 2 3/a
108 Va
*108
*16%
17%
*16%
171/4
16%
16%
14%
14%
14%
141/4
14 %
16%
16'A
16 'A
133/4
2,700
17 s/8
11,700
l7Va
173/a
163/4
18
16%
19%
18%
17
17%
24
112
Sep
139
140
May 19
182% July 24
125
Oct
172
Jun
Sep
65
May
10
55
Jan
7
No par
102% Jun
6
110
Feb
17
Constable
Corp———.—5
141/4 May 26
19
Jan
4
No par
1
lOV. May 19
17% Feb
13
14
20% Feb
13
20
132% Feb
4
1241% Dec
4
125
148
Associated
-J.——,
Goods
Dry
125
125
127
125%
126
12-7
127
240
6%
1st
preferred/
120
120
118%
120
121
121
*120
123
50
7%
2d
preferred
59
59
61
62
62
*61
89%
91%
87
89
107
*105
107
106
14%
14%
*61
61%
56%
57%
27 %
76
*
14Vb
143/a
3,900
A
56V4
56 Va
56 Vs
1,500
Mlant'c Coast Line RE
271/4
-
*26%
271/4
*253/4
273/4
*26
27%
♦71
74
*71
74
*71
74
•
112
104
103%
112
103%
103%
103%
103%
103 %
1,380
25%
25%
25%
253/4
25%
'25 Va
2,709
71
72%
70 V4
120%
♦118%
*24
r
27%
27%
♦24%
120%
119
27%
4%
71
71
1,800
119
40
:
7%.
*7%
Austin
600
7%
7%
7%
*7%
15%
14%
14%
*143/8
14%
*143/8
14%
14%
14%
22%
231/4
22%
22%
23 V4
23 Vt
22%
22%
.800
20
20%
19%
191/4
183/4
19V4
19
19 V
19V4
19%
2,300
5%
5%
5V4
5'%
15,900
42
411/4
41%
2,000
$2.25
14%
141/4
143%
2,300
-Babbitt
5%
5%
42%
6
5%
43
43
5%
42%
413/a
41%
14Va
14Va
5%
*41'/a
15
I4V4
<
15
15%
15
19%
Jun
May
*
May
58
Aug
121
May
Sep
2
78
10
100
Oct
18%' Feb
15
13
Oct
29 Va May
59
Feb
13
45
Sep
83
*34% Feb
15
26%
Autocar
4
Oct
125
Jun
Jun
Co.
Dec
49% May
68
Dec
94
8
31
Nov
19
105
Nov
Jan
22
77
31 Va Apr
15
39% July
107% Jan
15
113
Feb
98% Apr
14
104 Va
July 29
62
.
100
57
Apr 18
H3'/2 Apr 22
—No par
Corp
Automatic
23% Jun
par
221% Mar 11
—No
•.
preferred—'——,
Conv prior
400
1
21% May 19
Nichols—
23%
7%
7%
Atlas Tack
27%
23%
7%
32%
Feb
5
conv,,
*14%
7%
Aug
Jan
100
series B
$3.75
Powder
\%
*24
Nov
Dec
46%
July 29
Feb
36% May
30
99
-
100
,
Corp
Atlas
119
27%
17
25
pref series A
conv
Preferred
71
*24
*24
Oct
10V4 May 19
100
Refining
*
119
701/4
71
*112
—.
preferred...
non-cum
Atlas
371/4
*118
73
118
40
112
261/s
72
1121/4
36%
1121/4
103%
104 i/e
25%
118
373%
36%
5 'io
Atlantic
3,909
36
112
Dec
12
40% May 17
No par
W" I SS Lines'-
Atl G &
37%
36%
18%
112%
'
*112
37%
112%
36%
.
Nov
112
100
10
14
55%
62
102
May 23
66
100
Inc——
F
13%
75
26 V4
*71%
26%
T
133/4
55%
134
42%
May 19
100
,
Jun
1121/4 May 16
40% Apr 17
,_7Vo par
preferred—
13%
37%
26%
5%
111
100
Topeka & Santa Fe_„,
Atch
800
55%
*111%
103%
7,200
56V4
55%
*71 %
Assoc Investment Co—
500
88
14% Apr
;_100
,
14%
13%
*
*26%
62
107'%
107
108
*107
108
86%
873/4
85%
863/4
84%
July
153
Feb
Artloom Corp
125
61%
18% May
130% Jan
38V4 Jun
125 Va
106
$ per share
Sep
May 21
—10o
122
125
*120
lOVa
6
109
—
Arnold
200
13%
$ per share
share
15% Mar
No par
No par
190
14
13%
$ per
9% May 19
Highest
,$3.75 preferred.
3,200
109
*108
108%
S per share
5
Lowest
Highest
preferred
Armstrong Cork Co
7%
1,080
47
46%
47
*161%
14%
CLOSED
182%
X401/4
47
108%
125
182 3/a
Par
of Illinois-——
Co
$6'conv prior preferred
400
124
&
Armour
40,400
141/4
123%
♦
Year 1946
Range Since January 1
Lowest
Shares
share
14
14y4
122 V4
„
453/4
107%
107
107
*
125
182 3/a
182%
46%
47%
47%
STOCK
125
*121
126%
182%
*122
133%
13%
13%
14%
$ per
$ per share
$ per share
share
13%
15
*124
EXCHANGE
$ per
share
14%
Range for Previous
STOCK
YORK
EXCHANGE
the Week
Aug;. 1
July 31
NEW
Sales for
Friday
Thursday
Wednesday
July 30
Tuesday
Monday
Saturday
Monday, August 4, 1947
No
pfd ($1.20)
1
1
Canteen
Co
No par
Amer
x53%
114
30
25
Sep
10
IOV4
Nov
16%
Sep
20
18 Va
19 Va
17%
18%
18
18%
17%
18%
14%
13 Va
13%
12%
133%
131/4
13%
13%
13 3/a
25,900
22
19
20%
18%
193/4
19Va
20
lOVi
20V4
17,300
14
14
*14
14%
*14
14%
*66
67 3/a
*66
67%
*66
68
52
531/4
*51% •523/4
20%
26%
26%
26%
(B.
1—
(The)
T.),
Locomotive
Works—
Jun
23% July
18
29
18
Nov
37%
Jan
27
15%
Oct
32%
Aug
7% Feb
8
6'/a
Nov
14%
Feb
41
Oct
83%
Feb
17%
Nov
38 Va
Jan
Jan
May 13
49
Feb
131/4 May 27
16
May
16% May 19
2-f/e Feb
39
13
Aug
18% Feb
4% May 19
—
100
preferred——
;
7% May 17
16% Feb
11
Oct
30 V4
luu
'Baltimore & Ohior
4%
3
Jun
*0%
25%
*
29% Jan
19% May 14
xl7% May 13
preferred—No par
Inc.J
conv
Baldwin
14,700
14
20%
Mfg' Corp
Jan
135
27% Jan
13Va May 19
5
"
Avco
Apr
97%
Nov
12% Feb
Jun
34%
Nov
9
27% Jan
>.
5c
—
of
July 23
duly
73
121
May
51 '/a May
130%
22% Oct
26% July 24
5% May 16
par
Mar 29
11 Ve May 17
25»/4 Feb
18%
Oct
47 % "Jan
B
'
14%
'67
66%
1434
66
15
*14
66
54
53%
53%
52
27%
%
55
53 Va
28%
26V4
27%
26%
?63/4
51
51
50%
51
28%
28%
28
28%
15%
15%
15%
16
1,300
Bath
22%
22
22
21%
21%
2,300
15%
153%
22%
23%
22
52%
50
50%
49%
1033/4
*103%
104
20
201/4
*19%
20
I,100
*1061/2
107
20
*10o%
8
7%
*341/4
*48
107
8
31V4
r
30%
31
30%
14%
14%
15
I0V3
351/4
*34 Vt
3,900
15%
16
13
13
12%
12%
12 Va
12 Va
*12 y4
12%
12%
24%
22%
27
213/4
22%
21%
223/4
23
23
*106 %
106 %:
33
33%
20%
21%
OR
25
16%
16%
\
1063/4
*106 Va
1063/4
31.1/4
31%
31%
313/4
5,400
19%
20
20
201/4
.201/4
203/4
•5.400
241/4
24
24
24%
243/a
2,100
*95%
*95%
99
30%
29%
293/4
*29%
30
30
30
-1,000
23%
24
23%
23%
-23%
23%
23%
24
•5,300
91
II,200
*95%
99
89%
86%
88%
147%
*145%
147%
87
*145%
55%
*16%
16%
31.%
31%
■31%
16%
17%
15%
:
563/4
563/4
*55%, ■-•56%
16 Va
15%
163/a
16
89
*147
*15%
18Va
*16%
16Vt
*31%
*31%
16 '■
32%
300
16%
6,700
Blaw-Knox
Bliss
31%
*31
32
16%
*15%
16%
<
32
15%
16%
-
200
400
29
29%
27%
283/4
27%
28
281/4
29
29 Va
303/4
52%
51%
52%
51%
513/4
513/a
513/a
52
53%
3,900
16
1,100
*161/4
17
43
16
♦39
16'A
163/4
42
43%
103
40
*58
59
58
58
29 '/a
30
30
30%
30%
31
3,700
43i%
42%
42 3/4
42%
42%
42%
43
6,100
50
483A
491/2
483/4
50%
493/4
50 3/8
6,800
'
1
5
38 3%
38
9
93%
9
9%
91%
♦83
91%
•72
.
•
28^0
400
Boston
300
Bower
9Va
9 Va
9
9Va
2,400
91%
*72
9
91%
*72
14%
14%
3434
33Va
*72
341/4
28'/4
28%
28'/4
28%
43%
42
108 Va
♦108 >/4
20%-
21%
20%
203/4
30%
30%
293/4
293%
14%'
34
42%
108 3/a
141/2
*
108%
21%
22%
30%
30%
*108'%
20%
20'/a
*293/4
30V2
*29%
105
105
24
,24
17%
105
105
*104Vz
'18
105%
*1041%
105%
16 V4-
171%
17
1
*122%
123%
*122%
18
Dec
12%
IIV4
l
34
i
101%
99%
•
17Va
*1221/2
123%
*122%
123%
12
11%
12 Va
11%
12Va
84
83
84
•32
33V4
'34
34%
35
101%
101
1011/4
101
1
83%
83
35%
35%
1013/a
1003/4
36
i
99 Va
18%
18%
101/4
191/4
7%
33
323/4,
33 y4
33
52
Oct
69 %
_1
25
May 19
35% Feb
7
27%
Nov
48 Vt May
49% Jan
9
.42%
Feb
38% May 2JL
;
51% July 25
36
100% July 25
99
14%
19%
18 3/4
19'/a
18 Va
18%
98 V*
99%
*98V2
991/4
*98%
3
6 Va Feb
3Va May 19
,
39% Feb
1
Dec
35%
Dec
13'/2 Feb
21,
12
Dec
34%
Jan
3
72
Jan
95
Dec
13»/4
Sep
20%
Feb
301/4
Oct
53 Va
Jan
23
Oct
42%
Jun
Jan
96
May 16
87
May 19
18% Feb 27-
30
May 17
40% Feb
11
31% Feb 10
23 Va May 19
88
88
*85
89
*85
89
*85
88
*85
88
*85
600
13%
Xl3%
190
88
13%
13%
7%
7%
78
77
78
-
13%
7V4
73/4
*71%
78
13%
7%
79
5,200
1,200
*
14 Va
14%
100%,
14
■14%
♦100V4- 101
4
101
3%
20%
*99% 100%
19%
19 Va
101-
100
101%
X24 Va
26
!
143/a.
24 Va
24 V,
X100V4
3%
3%
20
Monday
20
donv
preferred
310
3%
2,400
19%
8,700
Byers
100
100
*100V4
24 Va
25
25
24%
16
20
101
50
500
243/4
July 26
July 28
July 29
f per
_
1
STOCK
30V4
31
x29
EXCHANGE
53V4
541/4
x53%
2%
2%
23/s
7
7%
ni/„
28%
28%
16%
443/4
23
23
13 Va
14
„
7
7Va
71/4
1%
7%
3.600
Calumet & Hecla Cons Copper
5
Campbell W & C Fdy—
—No par
27%
16
16
122%
45
223/4
273:v'i
16%
16
16 Va
8,200
Canada
1231/2
*123
125%
670
$4.25
27%
45
*43%
45
*22
2234
*22
22%
100
12%
12%
20.800
69"%
73
12%
55
♦55
♦120
133/4
'
13%
55%
35%
45
45
15%
16 VB
15%
17Va
41
38
38
,
*37%
39
13%
*13%.
3.400
500
13%
Canada
Dry Ginger Ale Inc__1.66%
preferred
No par
Southern
Canadian
Canadian
.Cannon
Capital
Ltd-
Pacific -Ry
—
.-No par
i
25
No par
class A—1
A—,
10
Mills
Administration
55
121
*120%
150
Carolina
Clinch & Ohio Ry
36
*35%
36
1.700
Carolina
Power
45
*431/2
45
800
*351%
45
.
100
Ry Co—
Breweries
55
35%
45%
'
Zinc-Lead
121
121
35%
30
*43%
69Va
120%
27%
•
12%
17%
*
27%
123
67%
35 Va
84%
Dec
97
Dec
1193/4 May
102 % Aug
/
-'
4
12% May 13
6
May 19
Jun
72
6
IIV4 May 19
July
100
1
May 19
19
Mar 12,
100
95V2 Jan
15% Feb
9% Feb
6
8
8!
Jan
22'
24% Feb
7.
88
108V2 Jan.
4
July
15%
16
383/4
38%
*55
101%
*38
90
56
121%
16%
39
6.200
•
200
$3
preferred
Carpenter "Steel
:Carrier
Corp
Preferred
4
&
21%
153/e
Oct
98
20% Nov
105
Sep
110
9%
3,
99
Oct
7
19% Nov
4%
Mar
Jun
Jan
May
39% May
35 Va
10
26
Nov
Oct
2IV4 Feb
Jan
'
6% Nov
75
Oct
10
104
13
26% July
15
Feb
6
31/4 May 17
$
per
May
Jan
Feb
112% July
40
May
100
100
Light Co
I
Co__
1!
sdrlefc
5
10
i
50
Year 1946
January 1
Lowest
Highest
share
$ per
per share
Deo
473/4
Apr
Oct
58
Apr
Sep
7%
Feb
7
6%
Oct
123/4
Jan
30 % Feb
7
20 3/8
Oct
40 3* May
I7V2 Feb
10=
xb&
61/4 May 19
Highest
I
3
31
22
21% May 19
I per share
53
28
Jan
May 14
share
27%
243/4 Apr
2
6%
♦22
111
53
27%
*43%
Dec
1
9,600
22%
95%
50
2%
153/4
16% Oct
15
No par
2%
123
59% May
17,
*
2%
1,700
Nov
10
22% Feb
*
preferred
%
44
55
23.
5%
28V4
16%
120
page
Par
;CalIfornia Packing
Feb
Jun
38V4 Feb
Lowest
* •
>
2
123/8
45
-
2%
67
45%.
90
46%
Range for Previous
2%
133/4
55%
3,100
45 Vi
108 V4 Mar
104%.Feb
14
Range Since
Callahan
11%
35%
see
29%
Jun
3
STOCK
Shares
54
66'/4
119%
♦39
29%
53%
14
45 Va
footnotes
29 %
54%
67%
55%
For
291%
54%'
14
35%
17
29%
13
119%
share
5434
67'/+
13%
« per
28%
12 V4
67%
14
share
YORK
% EXCHANGE
tlie V\een
Aug. 1
♦533/4
124
4
*22
63
I per
NEW
Jun
May
Participating preferred—100
Byron Jackson Co**
No par
7%
15%
c
July 31
53%
124
45
Oct
18% Nov
33
Feb
22 Va
May 19
947/a May 22
Sales for
Friday
-29%
271/4
17
127%
127
Thursday
t per share
2%
CLOSED
•
Apr
25% May
99
Oct
96% Deo
.
38 Va
130
9% Oct
Apr
14
13% May 19
(A M)——
•
Sep
25»/4
18!
.—No par
Co
Oct
38%
Jan
70%
STOCKS
July 30
t per share
share
14% May 19
110% Max
14
Aug', 1
11
Oct
120
18
'
Bush Term Bldg
9,200
36
:45% May
20 V4
•»
-
"
7 •"
23% Feb
Jun
100%
8fti/4 Feb
Apr
Sep
103
•
10
102 Va Apr
84
3%
'15V4
14% Feb
•
May
Oct
26
v
—*
*
181/4 Feb
7
Jan
100
Burroughs Adding Mach—^_No par
Terminal
*1
Bush
30
27% Feb •&»:.,
106Va Apr
% May 20
—lt)0
*
1
•
i.23% May 26
->
May 19
*99%
100
May 14
13Va May 19
J^n
2
9
May 13
72 '/b Jan 15
120
80
3%
15%
101
100%
Wednesday
Tuesday
share
Si
■
14
70
115
25
31%
5
36'/4 Jan
'•
105
3'
Jan
Nov
35%
2
28% Feb
'
li
95% Jan
*1% preferred—100
Butler Bros common
—1
10
4% % preferred——
<—100
Butte Copper & Zinc_
*
5
'
*78
Jan
102
Jan
109% Apr
23
*1
100
preferred!
2nd
3%%
LOW AND HIGH SALE PRICES
Saturday
5
Inc
Co
20'/4
Xl4%
101
3%
183/4
19%
3%
Watch
31/2%
1
73/4
7%
Bulova
Burlington Mills Corp com
1
4%
preferred
—
300
13%
133/4
79
*78
Jun
63
May iA
'•
25% Jun
—No par
__i—a
'
17% May 19
25
'
4
I per
38
106
No par
Co
30%
13
99
Forge
Jun
May 20
1
1,200
16,100
•
89%
7%
preferred
•
88
14
$5
500
Apr
61%
8% May 19
Buff Niag El Corp $3.60 pfd——100
Bullard Co
—
No par
Buffalo
2,400
Apr
107% Aug
ll3* Jan
43/+ Sep
j
Jan
July
573/4
-
Dec
32
Bucyrus-Erie Co_.
—.1
5
1% preferred —1_"
100
BUdd (The) Co common—..No par
.240
.
991/4
*18%
*85
100%
*25%
38,300
73%
112
Nov
97% Mar 14
_15
com—t
Sep
37% May 19
1
.
1
33
18 V*
♦t'3
78
78 •
;
Mar
9
Bruns-Balke-Collender J——-No par
600
35
Jan
•
-5,000
19.1/4
33
19 %
99 Va
19
89%
13%
•
20
33V4.
20%
99%
88
89
*85
,•
1003/4
333/4
19%
34
19%
23Vt
16%
♦101
20 Va
19%
34
23Vt
17
11%
84
84
84 V*
84%
231/4
163/4
•82 Va
11%
337/a
23
66% May
67
$3.60 preferred ——;
50
18% Aug
Nov
24
Mar 17
(assented)_100
RR
Inc
Sep
34
23 Ve Feb
54
common—:
Co
14
3.
41% July 23
Oct
*
17
♦122%. 123%
123%
12%
*100%
Shoe
Jun
Sep
Airways Inc—
Brown
Jun
58
42
Co common—2.50
preferred"
—a——100
Brooklyn Union Gas———1.-N0 par
600
331/4
101
3%%
7,700
/
30%.
Oct
Sep
8
'
•
<
20 3/a
23
*22%
23%
23
105 Va
•104%
'■
*108%
Feb
I8V4
11
Bristol-My'ers
109V4
2OV4
109
Apr
May
30%
37%
1
17% Feb
46
Feb
80
*108V2
V
,31'
Nov
15'/4 Oct
.
Jan
1,600
41V4
53% Aug
9
Mar
83%
59
109
293/4
411/4
Nov
July 25.
31
'
■'
53
3;
116
2,800
5,900
168
16
41
3,100
1143/4 July
Deo
23
6
26
31% July
Nov
143
'
July 10
29%
143/4
34%
85%
27
34
29
14%
34
'
112% Aug
52% May
Feb
102
41
341/4
91%
Dec
22
5
——,
Maine
&
36 V4 May
No par
A
Roller Bearing Co
Braniff
Jan
Sep
—No par
Brass—:
•___—=_5
—2.80
Brewing Corp of.America.— •
15
Bridgeport Brass Co
No par
Briggs Manufacturing
—No par
Briggs & Stratton
No par
29
,
•
Jan
58
06%
10
May 19
Airplane Co
B
Apr
112
Oct
29% Nov
Jan
36
May 17
5
37
Dec
24%
,
x20% Feb
May 21
28% May
i
4%
36%
*423/4
44
800
4'/a
36%
15V4
29
43%.
100
41/2
18% Jan
12% May 19
;Borden Co (The)
15
Borg-Warner Corp——
,-5
; 3%%
cum preferred ——100
36%
66
14% May 19
14Va May 19
&
Oct
64.
Feb
46V4 May 20
14
class
Jan
150
Laughlin Inc
—2.50
Brothers ——.No par
Bond Stores Inc
4%
8%
76Va May 19
18 «/2
Apr
28% May
35% Jan
28%
21
261/4 Jan
99
Feb
'Apr
Co
Nov
16%
17
35% Jan
41
Class
*35%
103V2 Feb
19
136% May 19
T
preferred—*
15%
102
7-.
28% Jan
27
25
Mar
30%
23% July 16
19% Apr
No par
110
Oct
7
39 V2 Feb
\
-No par
Ami
43/8
-14%
35%
35
100
1003/4
Bon
36%
331/4
15'%
15%
100 %
May 20
/No par
No par
Co—————
Aluminum
Bohn
140
103%
43/a
38
♦37
W)
conv
&
36%
43/a
4%
100'A
100'A
100%
*100%
100% 100'%
*58
(E
2
May 17
25 % May 17
;
Feb
Nov
15
7
181/4 Jan
Jun
118% July
11
6
2
106% May
19% July 29
'
Co—
24V2 Jan
96
Feb
Nov
May
Nov
1C4-,
17%JFeb 13
16% May 19
2i '/a
73
31
39 V4 Mar
6
ia7/a May 21
100
Carp Ihc—No p(tr
Boeing
40
49Va
•
1,300
59
42%
317/s
•5,000
*41
*102
30%
51%
16
42
41
41%
102'/a
30 '/4 Jun
Bloomingdale
103
29
44%'.
15%
Bliss
40
(Del)——No par
111
15
Jan
2.
Feb 17
12
31% May 16
Jan
46% Sep
1081/4 Feb
; 5% May 27
33Voo
preferred—*--"
$2.25
42
16
41
59
31
16%
*39%
16
103
*58
50%
*16 Va
41
103
40%
41'/4
102
43%
16%
*383/4
16%
16
161/4
16
41
'
58
*4%
16%
*37
102
103
58
:
*16
42
16
*40
30
19
:
2
Jan
20% July 25
Jun
Jun
—j-No pur
Bigelow-Sanford
Birmingham Electric Co.
Black & Decker Mfg Co
8,900
52%
.
1
110% Jan 31.
1\
19
——/I
Steel
Bethlehem
90i%
56%
*54
56
*53%.
55%
Loan
Indus
62
May 19
xl03 % Mar
pfd $3.25 ser of 1946_No par
CO.*
_1.
fc
7 %
24'%
10
Co
Best Foods--—
100
Oct
28
1471/4
147%
21 Va
8
7
Feb
24
18
Jun
103
87%
-
May
39%
5
147 V4
-
May
31
Dec
preferred—1— -———100
Cum
Best
57
Sep
18'A
12% May 16
Bendix Home App Inc com.
99
99
30%
Oct
21
No par
_i
Jun
Jun
48%
10
—i
Bendix Aviation
Beneficial
9
50
Corp_
Howell
4'A%
24 V4
91%
*145%
*103%
32Va
243A
147 %'
89%
1063/4
20%
*95%
24%
24%
&
19%
30%'
30%
•
Aircraft
Bell
41%
19% Feb
—1
Beldmg-Heminway—
Dec
30% July 24
104
—rl
_—
Co
Packing
Bell
30 3/4
32%
,
Beech-Nut
*.
25V2
May
54Vi Jan
.May 19
42
preferred-1—__100
RR
641/4 Aug
15
18
Beech Aircraft Corp——;
Creek
30
88 V2
Apr
27
No par
—25
pfd—i—100
—2.50
Inc
4% %
Oct
Sep
Feb
Feb
14
Cp——.I__
conv
oum
Mills,
Shoe
800
24
>
99
*95%
'
32%
3:% %
Beaunit
2,900
»106Va
*i06% i06%
•''
May 19
50
..5
—-1
Works;Corp
Beatrice' Foods
-1,700
12%
24
'
Iron
Beech
31
*15
X143/4
1,700
8%
8
8
*34'/t
35V4
Barnsdall Oil Co__„—___i
.
20% Apr
preferred—;.——;_i.— „50
4%%
i}
Beck
35V4
31
31%
31
31%
31*%
*106%
600
-
52
50Va
1033/4
105
20
8%
18,700
49%
107
35%
81/4
♦34»/4-
35%'
50%
*19%
107
*106 Va
8%
8%
*34%
♦104
Va
201/4
♦19%
107
*106%
105
*104
20%
*50%
47% May 20
18
12%
66
36%
8
5
16 Va Feb
69
13
Jan
60
55% Jan
6
28 Va July 28
19
9% May
-.100
1
Bayuk Cigars InC—
16%
23%
106
.„•_—50
preferred-
15%
16%
20%
•2,000
30
5%
Asphalt Corp, (Delaware)_10
Barker Brothers—
—10
28%
23%
*50%
Conv.
Barber
2,700
27%
*50%
153/a
*104%
40
•
Aroostook-
&
Bangor
28%
27%
29%
29
51
♦50%
51
*50%
600
-
.
July 28
Jan
3% Feb
8'A Feb
8'
Nov
18
July
113
Nov
147
May
483/4 Feb
18=
43
Oct
58
Jan
25% Feb
20
24
Dec
191/4 May 19
253/8
Deo
13 '
li3*
Oct
9%May 17
153/a F°b
22%
Feb
733/4
Apr
12% May 13
116
4 2 3/4
Mar 15
July
1
132
Feb
Aug
56
Jan
17.
73
11
Apr
14
143/4 Feb
571/2 Feb
50
May 26
115
Mar 29
20
Apr 14
30 % May
40
19
35% Mav 19
12 Va May
128
Jan
39V» Jan
50% Feb
10
1 *
14
18
9'
12%
51% Nov
12% Oct
21V4 May
Oct
59 Va May
50
112
2
38%
7 •'
39
Sep
Dec
Sep
18
13%
Nov
413/4 Feb 24
341/4
Nbv
19V4 Feb
137
3 9 3/a
61%
34
60
May
Deo
Jan
Jan
Feb
Volume 166
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4617
LOW AND HIGH SALE PRICES
Monday
July 26
t per
Tuesday
July 26
Saturday
July 21)
*7'/B
7'A
7%
150
t per
share
67/s
*150
61
57%
60
58
24
24
151
581%
24%
22%
22%
*1061/4
1071/4
*106%
107'/4
146
*146
148
*145
59%
23»/4
106%
146
148
J
37%
37%
23
23 Va
107»%
1071/4
148
.
3,200
„
Case
23%
300
.
10
26»/a
27%
25%
261/4
26V8
2G%
2G3/4
263/4
20%
20%
201/2
*?0y4
20%
20%
20%
*20%
20%
200
18%
2,900
Central
10%
3,200
9%
900
181/4
I81/4
18%
9%
10%
18%
IOV4
18'/a
9%
181/2
10%
18'A
11 Va
10'/2
10%
*9Va
.9%
9%
91/8
91/a
91/4
*9'/a
91/4
91/8
112 y4
*92
112 y2
937/a
*8
8'A
*112
937/a
*92
7%
27%
93
7%
271/2
11
10 'A
113%
*112
113%
31%
7%
27
32%
*92
93
7%
101/4
32%
32'A
*112
113^
"
28
28
♦lO'/a
*112
H31/2
-
93
*7%
27
27
11
*10%
31%
32
31%
RR of New Jersey
Central Violeta Sugar Co
17%
16%
173/a
16
17
16%
17%
16%
171%
23,400
26
26 J/4
251/4
26
25
25
25%
25%
25%
25%
.1,000
25
25%
24%
25
23
24%
23%
24
24
24%
4,500
107
*107
108 Va
107%
17 y*
106%
107
106%
14
127/a
13
12
121/4
*26%
271/4
261/4
26%
26
261/4
471/8
491/8
46%
47%
46%
47
14
101
101%
102
)
*12
*28
473/a
Checker
Chesapeake
Corp .of
Chesapeake
101%
IOIV4
101%
101%
101%
1,400
5
5'/4
5'/4
'5%
5%
5%
2,700
9%
9%
93%
8%
8%
8%
5%
5%
10%
11%
9%
107/a
9 %
8%
8'/a
.8%
81/4
6%
9
7i/a
6%
6'/4
•.12%
6%
13
6%
12%
13'/a
6V2
61/2
5%
6
12%
*6
4'A
4%
4'A
4'A
3%
4
*4
9%
f
6'/a
6»/a
..
12
12%
9%
*6
10
10
12 3/s
8%
6
6%
6
6'
4%
1,900
A
1,400
10%
11%
33%
35
211/4
22%
19%
20%
19%
20%
20'%
21%
21
21%
6,000
45i/2
47%
44
44%
43
43
43
43%
43%
44
2,500
57c
28%
291/4
27
28
26%
27
26%
27%
27%
27%
2,200
56
*56
57 '/a
*55
57%
100
56%
56%
'31%
•
,
10
31%
33
2%
32%
10
10%
10%
17,400
23%
31%
32%
33%
5,600
.
'
Chic
Milw
St Paul
A
Series
&
P
preferred
vtc.No par
vtc
Jun
90
57%
*56
57
*13%
14%
133%
13%
*13
13%
200
*171%
18
17%
18'%
*17%
18%
500
Chickasha
51%
51%
53/a
51/2
1,000
57'/a
56%
56%,
56 y8
*56
*55
5%
5%
38%
38%
611/4
571/4
39%
27 '/a
26%
27
*37
38%
56%
5G"/a
26
26%
109%
23i%
23%
23 Va
23%
1,300
Cincinnati
44 %
43%
44%
433/4
4334
4,200
C
303%
,31'%.
10%
10%
46
44%
45
32
32
31%
31%
31
11%
xll
11%
88
*85
88
11
18'/a
19%
19%
30
29%
190
93
*85
18%
28%
18
30%
93
*87
93
*87
111
34%
42
18
110%
110%
93
41%
110%
111
33%
*33%
*107%
108
107%
107 3%
*107%
83
83
*8iy2
*47%
84
*81%
83%
*81%
831%
52
*47%
52
*47
52
17%
18
17%
52
*47%
18 %
18
35%
36%
35%
46%
<45%
35%
45%
*145%
149'%
*145%
149%
36
*35
46%
17%
*145
*36
45
149%
83%
17%
17%
38
3434
5,600
36
900
45
.
1,000
'
443%
44%
149'%
*145
45
*145
Monday
Tuesday
July 26
July 28
July 29
t per share
S per share
*173
175%
176
62%
63
*1300
—'
'
179
176
176%
63
62%
62%
*1300
$ per share
Friday
■t per share
182
63'%
184
63'%
42%
4^6
42
43
103
103
44%
44%
45
46
102
103
103
30
30%
30%~
31
31
31
15
15%
14%
15%
15
15%
15%
15%
19%
18%
18 'A
18%
19'/a
19
14i/2
14 Ms
13%
15
15y2
*14
•13%
14%
*12%
29%
30'A
301/2
32%
15%
16'/4
19
104
105
32%
*291/2
105
-.31%
102
: 19
Xl8%
14
14
13%
*14
15
*14
13%
*13
14
15%
13%
13 y2
29
291/4
*29
29 Va
28%
28%
*28%
29
12
121/4
11%
12
38
38V2
37.%.
38%
19%
Class
19
19
18
*80
84
*80
4
14
*13%
15
34%
Sep
76%
Feb
17
NOV
373/4
Jan
56
July 23
45
Dec
59%
Jan
57% May 15
55
Dec
673/4
Jan
15% Feb
21 ' Feb
11.
14
Deo
25%
Jan
18
14
Oct
25'/a July
Deo
15
Jan
Sep
53
May
34
13%
13%
„
14%
13
370
14
5
710
8
28%
Columbia Gas & Elec—i—No par
100
291/4
28%
28%
1,500
:
non-cum
54,100
5,700
Columbia
173/a
I7V2
1,200
Columbia Pictures
17%
80
17%
CO—.
Carbon
80
82
*78
100
com
3,100
Commercial
109%
*108%
109
24%
110
3%
29'%
3%
1183/4
119'%
30%
29%
11%
11% '
11%
11%
11%
11,%
11%
11%
ll3/4
12
301/4
29
29%
29
29
29
29%
29%
33%
331/2
32%
32%
32
32
31%
32
31%
,'57/a
26%
26%
5%
26
26i%
107%
107i%
29%
29%
$3.60
107
107
29%
31%
5%
53/4
26'%
107
107
le'/a
16%
16%
i6 y4
16%
13%
*12%
13
*12'%
13%
47%
48%
47%
46%
47
473%
47%
U%
12%
23%
22
15%
15%
37%
38
•It3/,
11%
n%
213%
21'A
213%
16
151/2
153%
15'%
15%
*151/4
153/4
37%
373%
36'%
37
363/4
26%
113% 1133%
99%
99%
40
*98%
38%
100
39%
110
110
110%
103
14'%
14%
*98
39%
99 ye
39
38 3/s
-110%
1103%
11%
U%
*
8i/s
111%
11%
11'%
B08%
11%
49%
43
423/a
103
49%
50
491/4 .'•48%
"7%'
47
46%
-
16%
16%
20% -.21 v*?
49
13% /!«%'
491%
.15%
157a
16%
'M9'/b
.
113
'113'% .113%
43
\,15 '/a
19 y»
"20
49
49
49"
13%
13%
♦48
:
15
263%
•103
103%
1047/a
67%
66
190%
190%
56%
27 y»
■-
13%
13%
•:*48
49%
•
15"
•14%
:56 *
113%
•
•
43
July 22
101
Jan
22
99 Va
Jan
106
Apr
57
Feb
18
56 V4
Feb
62
July
3
19%
Deo
44%
x42ya
103%
103%
May 21
39% Mar 12
243/4
Sep
36% May
Jun
10
48 ya Mar
6
39 %
Nov
144
Jun
30
7
152%
Jan
60% Jun
165
May
143/a
14%
993/4
,.14%
14%
f
*98
38%
•
.
*98
39
1103%
110%
,100
141
11%
•
48 y8
110%
V.-48%"
11%
23
7%
7%
45
'75/a.
,46%
.15%
15%
,15%.
"•
49%
$3.75
-137%
13%
-49%:'
*
„
.15 %'
■
49%
••"13%
:
15.
15
•-
26%:
57.
26%
.
2,100
1,600
333/4
34%
•i05ya
106%
25%
25%
40%
51 y8
407/a
*1051% 106%
25
251%
37%
391/2
r
51%
52
23.
M
51%
192% ,192%
\
6'%
5%
5%
•:
3%
3%
;
3%
34%
33%
*1053/4 -106'%
,106%
106%
25%
25%
*24'%
25%
38
383%
*38%
391%
32%
51%
•
52
*51%
34
52
3%
34%
35-
6,000
52
39%
52
Del
Jan
Apr
Deo
20
<
36 % May
Feb
13
36%
Oct
Apr
501/4 Aug
8
3
36%
Oct
59%
115% Feb
17
26% July
4
103%
19
7
Jan
106%
Deo-
123
Nov
23/4
2
$3
*
prior
Apr 14
4% May 19
53/4
10 3/4
Feb
36
Feb
109% Jan
20% Feb 13
17%
133/4 Nov
23%
42%
60
10
2
May
33%
16%
Sep
47
Jan
17
Nov
32
Aug
kill
Deo
Jan
111 1/2 Jan 13
253/a July
Apr
143/4 Nov
17% Mar
30
May 19
Sep
Jan
1141/a Feb
Jan
mm
48
.321/4 May 19
131/8 May 27
97
Jun 18
35
•
44s/s Feb
11
9
May 17
'44
Mky 2D
', 6% May 19
35
Apr 14
.14'/8 May 19
14
May 16*
;i2'/2 Apr
jun
22
12% Feb
,1Q
•
10
8
.
.
,
.
'
113% Mar
18%
Oct
Feb
63
Nov
•
1,100
preferred
——100
Wheat Corp, (The)—X
Crown Cork ft Seah-w,
—NO par
$2 preferred
No par
CTeam
•
of
Apr 15
!24
Apr 29
:313/4Mayt9
47-
Jiin
2
-
24
,
f
'
Jan
33%
Oct
49% May
Feb 19
Nov
123 s/« May
53
13% Nov
16
Feb
Feb
Jan
12%
5
56
Oct
23%
Feb
Oct
60
Apr
Xl2% NOV
'
27% Jan
'
kl85%
•
•
lOSPA.Aug
Dec
210 V* Mar
Deo
143/4
Apr
Oct
7%
31
Oct
-49%
Jun
110 Va
Aug
Mar
5
101
Nov
30
Jan
9
28
Sep
32
Oct-
43% Feb ' 8
52% Mar 27
753A
7% Nov
4Va
f.
47
Dee
'
39% May
58% May
,
,
67% Jan :»
52
Sep^
25% Oct
101% Deo
"
,
Feo
Deo
50
7
55.
30%
46'/4
Mar 25
107
•
,
Jan
-
15
20% Feb 33
•
„
Jan
Jun
July 24
mm mmwm
103%
*
July
53%
8Va Nov
46 Va
21% July 28
..
25
12'A May 17
7
3
48.
,
.
3% %
s
Apr
109%
Sep
33% Sep
103% Nov
131/4 Feb
.
Feb
101
8
54% Feb
.
;l2Va jun St7
47
54Va
12%
HQ3/4 July 30
.
.
1153/4 Mar
35% Sep
;
20% Feb 10
106% Apr
9
May 19
x!05 % Jun
43
Feb 24"
104% July 31
99% Jun 26
.^5,
mrn*ilmmmm
.
38 3/a Feb
„
,
Sep
15% Feb
54% Jan
F)3/8 pep
Aeftes-^.———50
Carpi—1,
Jun
18%
40% May
551/2 May
Sep
343/a May 19
,—5
Feb
36%
Oct
105%
.
Jan
132
Oct
108 'A Mar 26
1
12 Vs May 19
:
5Va
24%
10V2July89.
17
2
3
11% May 21
11
Apr 29
40V4 May 19
preferred—,——Ho par
EleCtrlo
33% Jan
•
4
Jun
July
% May
32
Jan
111
1233/4 Jan 29
-
1,700
*700
14
48
47 V4 Feb
X1053/4 July
Dteol Corp—-—-—14.
Cor1for
•ml
;
100
-
Sep
-
1
39%
Jan
8%
32V* Nov
July 31
.
6,600
*1043/4 ,106%
25%
25%
Jan
47
■
100
:
5%
3%
•
"
-
Jan
47
Nov
12%
r
110
5%
191'%
53%
66 Vi
...
38
Oct
27%
Corn
360
.
Jan
28
-61 >JaA- 7
Exch Bank Triist CO— -w—20
—Apr 14
,243/4 May 19 .,-92% Feb 19
Corning Gla^s Works eommoh—a._5*
.105% Feb ) 6
3 %.%
preferred—-^—:
1—100/ ,101% Apr >2
105% Jun 26,
102 V2 Apr 17
Cuffli pfd. ,3 % % set of. 194T
100"
;. v.
62
COrn Products Refining——
July It
—35 ■
Preferred ,w—
m
185
i92%July31
Apr 25
a v4 uaJu.
5
Jan
6
Coty ■ Inc—
4% Jab
4
3
May 14
Coty Internat Cnrp_^—
-1
36»/4 May 19
crane Co common—40 Va Feb 13
-25
280
193%
103
39
50
,
Motors———,j——L
Oil of
'Conv pref
Cornell-Dubllfer
4,100
*191
35%
page
.
.10
Copperweld Steel Co.**.
•
1,200
56%
Sep
Oct
28
May 19
27% May 19
Cooper-Bessemer.
1.9Q0
%
:
-
26%
57
'
Continental
,
.49%
66%
35/a
13
78% Dec
103 % Jun
preferred—^—No par
Diamond Flbre_—
5
Continental
90
49%
14,
**48
151/2
1,900
Feb
Jan
Mar 21
20
'lnsUrdnc&
Jan
41
86
36
———No par
Inc
Jun
24 Va
v
393/4 Apr
N Y_a——No par
of
Continental Can
5,200
66
•
39
Oct
Aug
12% NOV
4
22% Fen
RR
Continental
-
104%
34%
see
-fro
—
Vultee Aircraft1
ot Cuba. 6 % pfd
400,
Consol Retail Stores Inc———i-1
Consumers Power Co-i.^
No par
$4.50 preferred
-i-*.——No par Container Corp of America-—a-2(L
4 To cum. preferred
—
100
Continental Baking Co——No par
$5.50 preferred——
.No par
Consol
9,300
12,700
463%
15%
20% -.20%
:•
:
19%
*49
57
191%
233/4
13
Consolidated
7%
,
453/4
■
103
3%
Oct
110
Jun
76
Corp
-«-5
Consolidated !Natural Gas——,15
Continental
*104
6
10%
15%
32 V2 Jan
14'/a May 19
Continental
104
191
63%
121/4 July 25
Laundries
1,100
103
5%
Oct
32% Jan 21
10
19
ip
Apr 18
30% May 28
•,
Consolidated Grocers Corp—1.33 %
1,100
103
5%
Apr
60% July
Deo
37
11
16% Feb
8
May 20
22% Apr 16
Inc
preferred—
11%
.104
'
Edison
48 3%
104
*189
171/4 Feb
Feb
69% May
X99
20V4 Feb 30
17 'A Feb
4
91/2 May 15
200
.
42%, Feb
2
Jan
105% July 25
46
Feb 10
103/4 Mar 27
16'/a May 19
8
May 14
~
103
3%
-
50
May 17
May 17
99% Mar 13
Deo
Oct
400
104
6»A
3ya
1155
Oct
61%
11
May 22
65% Jan
10
Highest
t pet share
share
130
1
1881/2 Aug
May 19
X6IV2 Jun
$ per
share
33
8,100
*110
'
11%
€5%
$ per
S per share
29% Feb
100
39
38%
48 3%
*48
Year 1946
Lowest
351/2 Feb 11
7
7
Feb
$5
'
*6
Feh
243A May 23
5,800
.26
•653%
•154
30
Consol
Feb
32
37
Nov
270
56'%
65%
24% Feb.
24 Va
3,900
t
103
66 %
22
2
380
43%
104%
<
Jan
108 Va Mar
.
106
3
8
2,400
104%
263%
■
,26
II3V2
Jun
Mar
35% July 28
14% Jan
500
:
•103
*104
66%
i
103
•104
49%
15
56%
.
103%
'
-
27%
27%
7%
45%
-16
7 20'A
49
57 'i
*56%
7%
44%
Sep
109
4
109
153% May 19
"
8%
46%
'
16%
:
49
*48
'•
44%
Jan
30 3A Feb
3,800
15
♦109%
473/3
10%
•
108
8% May 16
Consol
21%
>441%
Jan
231/2 May 19
4,600
10 3%
104
Feb
105
28
par
•
21%
14%
-
13
20%
151/4
15
16%
47
10%
1133/4
421/a
*103
102
Jan
205
-No par
Consolidated Cigar———No par
Consol Coppermines Corp„
—5
Conde Nast Pub Inc
5,900
16,300
'37%
113%
44%
44
102
16%
*12%
■
38'A May
Sep*
Sep
29%- Sep
12'/4 No?
1.200
11%
37%
113%
1127/8
107
23
*15%
15% Nov
July-24
II51/2 Feb
1153/4 May 22
13,500
107'
46 3%
*
18
44% May
22
May
108% Mar
10
83
preferred—————100
Congoleum-Nairn
2,800
26%
*12%
103%
Deo
Feb
Apr
43% Jun 27
10
preferred series-u——No par
Commonwealth Edison Co——-25
700
53%
26%
16%
23%
95
21/4 May 19
1,800
5%
16 3%
31
20'/a May 19
8,600
26'%
l3'/a
16
♦12%
Oct
10
6
Deo
114
22
46'% Apr
$6
2,400
53%
107
Sep
9%
88%
Mar
30%
Sep
106% Jan
—10
Credit—
■
,
261/a
106%
58%
20% Feb
26
Commonwealth :& Southern—No par
f
5%
Oct
94
Solvents-,—-—No par
2,400
:
29 %
26
36%
27%
11% Feb
28
Jun
pfd
cuitt
Commercial
9,700
256,100
3%
119'%
ne%
$4.25
450
251/2
25
25
3
30
5%
38 Va July
Jan
May 19
No par
1,700
V
Nov
*
"
441%
6
Deo
21
110'% Apr
2714 Jun
No par
42%
29%
108
May 19
85
—
43%
29%
2l"%
i
20
Feb. 18
7a
J au
Feb
14
37
1st
42%
A,
36
62% July 17
178%
—-100
preferred—v 100
47c non-cum 2nd preferred—100
Columbia Br'd Sys; Inc ei A
2.50
Class
B——
«-2.50
4%
423%
30%
6%
1
42% Mar 17
.
l25% May 19
23
May 19
Colorado & Southern—
42
29%
Apr
Jan
84
/
preferred—:—20
conv
cum
400
13%
29%
28%
To
11%
1191%
1
! 12
38%
119
July
56% July 30
No par
Colo Fuel & Iron Corp
42'%
119
71/2 "Mar
4% May 17
May 19
42
119
Jan
15%
13
12% May 15
1^1% Jan 13
No par
42
lt93/4
43%
21
Range for Previous
42%
1191/4
Sep
27% Feb
26
11%
-
Jan
Jan
3C%
53% Feb
33
383/4
31%
38 Va
82%
11%
7
29% July 24
—No par
39.
25
Sep
Sep
8
Feb
20% Jan lb
51'% May 19
52% Jun 27
——NO par
No par
Colgate-Palmollve-Peet
$3.50 preferred——
Collins' & Alkman—
1,400
24,700*
2,800
11%
108%
153/4 July
11 »/4 July
38% Feb
14% May 17
No par-
11%
3
Oct
14% Feb
May 21
4,700
191/s
29 Va
17%
241%
33%
Sep
36i% May 19
•
1140
.90
*283/a
80
103%
Oct
7
3%
Range Since January 1
Highest
41%
31/a
11
7
36
Lowest
42
25%
Oct
32% July 24
43
109%
5»/2
271% May 20
42%
•24%
3
1
14% July
17V4 Jan
Va Jan 30
42%
109%
26 Va
Nov
48
42%
3'/a
Oct
7Va
371/2 May 19
46
26i/4
Jan
9%
2
9V4 Jan
8% Feb
28
42%
1091/4
Jan
12% Jan 29
25
421/4
3'/a
18 V2
108
44 »/4
25%
Oct
6% Feb
w w
No par
Columbus & Southern Ohio Elec—10
1081/4
~4%
111
(Thei—
38
17%
*78
102% July 25
73/a Feb
3
,6
—
ll7/a
38
84
46%
'•
A_
38i%
% 11%
Jun
% Apr 14
Coca-Cola International Corp No par
31%
44
•
100
Co
Coca-Cola
690
.
—
Apr
66%
15% Feb
Par
1,300
63%
*1300
32
25% May
21 Va May 21
Shares
188%
63%
*1300
Oct
Oct
543% Jan
10% Jan
EXCHANGE
the Week
"
*1041/4
12%
13
30% Mar 10
Jan
251/4 Oct
114
Jan
Sep
17% Mar
NEW YORK STOCK
Sales for
Aug. 1
$ per share
*179
62%
*1300
20% Feb
.105
STOCKS
Thursday
July 31
Wednesday
July 30
43
43% May 19
2.% May 21
6 3% May 19
233% May 19
Illuminating com.No par
LOW AND HIGH SALE PRICES
Saturday
25% July
Nov
213A Nov
483/4
—8.50
Preferred
1491%
Jan
23%
8% May 19
—
10
52
14 3/a
7
10
Feb
1103/4 Jan 23
3
Feb
May
51V4 Jan
9
28% Jan
6% May 19
4% May 17
———-Nc par
Co (The) New-1
5%
—
—100
preferredClpv & fitts RR Co 7% gtd———58
Special gtd 4% stock—
--B0
—No par
Climiax Molybdenum
Clinton Industries Inc—;
—1
Cluett Peebody & Co—
No par
50
*81%
" *47%
.
.
21% Jan
Dec
313/4 Sep
53% May 19
Clev Graph Bronze*
1,600
108
18
102% July
23% Jan
Sep
2
3
preferred
$4.50
110
34%
108
Elec
Cleve
4,800
111
33%
.
17%
*35'%
45i%
.
34%
108
17%
93
41%
30
27
10
Jun 12
95
Fuel-.:
&
Jan
23
-—No par
5
—100
City
Stores—
——5
Clark Equipment Co. New
20
C C C ti St Louis Ry Co
—100
5%
preferred—!__—
—100
1,100
24
Jan
421/2
11
Jan
Dec
8%
—No par
Corp
City
2,400
26'% Nov
35i% Mar- 6
143% Feb
19
41% Jun
City Investing Co__
51/2 7o. preferred—
29
111
.
33%
108
Ice
33
100
Financial
T
89
Cb—10
Machine
1,800
190
*87
41%
/
41%
T
common
Milling
1,200
..
~183/8*
*28%
*160
I
96'% Apr 15
12Va Jan 31
1033% Jun
4
10% May 10
—No par
i__25
,u—2.50
Preferred
88
.
108
35%
10%
1
190
41%
30%
Gas & Elec
Cinn
100
*85
29
*160
29i%
112
*10%
•
18%
29
190
42Vi
111
26%
*110
88
*160
42
35%
17%
18%
*87
42% *42%
*110i/2 111
31
.
29%
*160
*87
44
190
29%
*160
5,400
263/a
103%
3
Feb
291% Apr
..10
Copper Co—Chrysler Corp new—
56,500
27%
Cotton
Chile
60
593/4
23 Va
45%
*85
39%
5P%
26%
24%
11%
*38
591%
110%
24
89
39%
$Childs
x23 V8
*109
24
11
*38
/ 57%
Oil-.!
Co—.—.
*109 Va
112
*84
112
51/4-
5%
30
Jan
116
20'/a May 19
93% Apr 14
—
17%
*56
24
110 3/a
& Northwestern-—_2Vo par
preferred
——100
14
26%
footnotes
Apr
Jan
4
13%
116
Chicago
57
*1081,4
For
173/4
Sep
—100
14
59%
».
Oct
9
....No par
,
17%
39%
.
Jan
8Va
2
—50
—_50
A__25
*56
5»/a
39%
5V2
CLOSED
29
2
10% Jan
Pneumat T00L——No par
$3 conv preferred—!
i——Vo par
Pr pf
($2.50) cum div——No par
Chicago Yellow Cab——T—..No par
'
STOCK
19
14% Jan
'
14'/a
17%
EXCHANGE
22% Feb
1
17%:
*13%
t per share
6
Chicago
56
20
Jan
Jun
8% May 21
112'% May 6
40
—;
—
B__
.
July
.No par
A_
Class
600
4%
23
25
_100
(The)
Chicago Great West RR Co
5 7o
preferred—
Chic lnd & Louis Ry Co cl
1,300
6
*4
•
Class
38 %
—5
& East 111 RR Co_
138
28
Apr
7 % May 19
-1.25
preferred
con v.
161%
Jan
20% May 19
19'% May 21
Va—1
Sep
Oct
•11% May 19
Mfg——
Chicago. Corp
10,300
12%
12%
6%
31/2%
Chic
2,300
8%
Cab
18% Nov
104%
6
Sep
Sep
4 % May 19
& Ohio Ry
27
156
20
1
700
47%
108 '/a Jan
Jun
21% Feb 14
No par
500
*25%
47%
NOV
1S Va Jun
Champion Pap & Fib Co..—No par
$4.50
preferred
—No par
10,400
12 3/8
■*11%
26%
54 Va
22%
...No par
Co.
Belt
Chain
8
.183
Jan
81% May
23% Sep
109% Jan
32% Feb 24
..100
Products
Certain-teed
160
-107
47%
5%
10'/a
107
101
102
5.
,*
s
107%
12%
Copper
10% Jan
55
Nov
19% May 19
20
July 17
ser_100
Mills
Pasco
de
Cerro
3,300
Feb
Oct
31% Nov
153
7
24% July 14
18
Jun'11
No par
Ribbon
Century
100
32
pfd 3.40%
fCent
700
103%,
313/4
Cent NY Pr Corp
800
23
*10%
Lt 4%%
111
6%
$ per share
•
17'% May 19
104% Jun
■
8
40% July 14
64
Highest
t per share
158 % Jan
491% May 19
No par
«
7% Feb
k
—1
Corp_No par
preferred—100
100
7%
2334
11%
32
Aguirre Assoc
Central
40.
93
7%
27
*10i/4
•
*92
7%
5,200'
13
May 23
X139
Lowest
$ per share
share
Jan
138
Year 1946
Highest
29% May 19
-100
Central Foundry Co
Central Hudson G & E
18%
10%
18%
,_1
25
„.
—
*201/4
28 Va
27%
6
-
15,400
•
148
—
< per
Caterpillar
Tractor
No par
Celanese Corp of Amer com.N& par
$4.75 1st preferred—
No par
17« 2nd preferred—
-100
Celotex
Corp.L
—JVo par
5%
preferred!
__2Q
2,000
107'%
*146
Corp-
(J 1) Co_
Preferred
80
59
59
23%
1071/4
*146
Carriers & General
151%
59%
Lowest
Par
1,500
38%
151'/a
,
151
Range Since January 1
EXCHANGE
Shares
6 3/4
6%
15
Range for Previous
NEW YORK STOCK
the Week
share
•f pei
cy8
151
106%
EXCHANGE
CLOSED
6%
37
Salea for
Friday
Aug. 1
I per share
71/8
371/4
36%
381/a
150
60%
150%
Thursday
July 81
July 30
7»/2
37%
38%
38
150'/a
STOCK
STOCKS
Wednesday
I per share
I per share
share
(475)
Jan
,
1
35%
.62
54%
Jan
.Jan
Feb
.
{
16
RECORD
STOCK
YORK
NEW
Monday, August 4, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
(476)
Range for Previous
STOCKS
LOW AND HIGH SALE PRICES
July 29
July 28
July 26
9 per share
321/8
30%
29%
29 %
117%
115%
115
27%
28
83
82
82
28%
29
16
15%
15%
15%
48%
53 %
50%
9%
*67%
15%
3,700
4%
4%
15%
14%
4%
14%
4%
15
*130
35%
*34
33
33%
18%
22%
22%
21%
31
31%
31
49
133
*128
133
66
*128%
133
*65
67
4%
14%
33
95%
17%
17%
95%
100
pfd
1,100
5,600
310
Dayton Power St Light Co. (The). v
Preferred 3.75% series A
100
>101%
101%
101
101%
101
101
101%
15%
15%
13%
34%
34%
13%
13%
35
13%
34%
15%
15%
13%
13%
14
34
500
*33%
34%
*33%
43%
41
41%
41%
41%
9,200
37
37
37%
37%
37%
38
1,300
39%
40%
39
39%
39%
40%
40%'
40%
40%
39%
9%
8%
87/a
8
8'%
8%
8%
8%
8%
11%
13
10%
11%
38%
39 Va
36
36%
34%
36
35%
37
37%
23%
23%
23%
23%
23%
23%
23%
23%
12%
12%
59
12%
2,100
12%
13%
12%
12%
22%
22
22%
21%
22%
22%
22%
22%
3,300
21%
18 Va
18%
17%
18
*18
18%
*18%
18%
1,200
18%
17%
28
26%
27
25%
26
*25%
26%
*25%
26%
1,300
28
41%
40%
40%
41%
42
1,100
46%
46
46
*45%
*19%
-
400
15%
15%
11,400
35%
36%
*35%
36 >A
1,600
53
54
*53
54
54
54
*53
54
53
30
30 y2
29%
30
29%
30
30%
*29%
30%
38
36%
37
35%
36%
37
38
37%
38
3,700
Doehler-Jarvis
37
21
20%
20%
19%
20%
19%
20 Vo
19%
19%
7,100
Dome
20%
54%
55%
54»/a
55%
55%
56
55
55%
2,000
29%
29%
40%
40%
111%
111%
111%
111%
1,200
17%
17%
18
17%
18 %
7,700
Dresser
96%
96 y4
96 y4
*95 %
97
*95%
200
3%%
15
16
15
*14%
15
191 }'
189
194
128%
128%
106%
106%
106%
106%
111
111%
111%
111%
16%
15%
15%
*128%
106%
106%
106%
111*
lll'A
July 26
9 per share
9 per share
share
107
Thursday
July 31
$ per share
tho Week
Aug. 1
9 per share
,
24%
24%
24
24%
24%
24%
24%
20
18%
19%
19%
19%
19 Va
19%
EXCHANGE
19%
23
23 y4
22%
22%
'■22%
22%
22%
231 '
22%
23
:jf).
>
53
50%
51%
22%
22 %
22%
22%
103%
Eastern Airlines Inc_
Eastern
18
*109
110
110
101
17%
6
*5%
L900
1,000
70
6
17%
2,500
108%
109
*5%
102
'
17%
17%
*108%
,
22%
102
101
109
109
110
22
22%
40
52%
108%
130
•
-
6%
10
Edison Bros Stores Inc com
preferred
4%%
2%
17%
17
2%
2%
1,900
17%
18,600
164 %
300
150%
400
164 %
170
166
166
166 Va
166 Va
*164
167
153
151
152
150%
150%
*149
153
*148
153
54
54
52%
53
52%
19
19%
18%
18%
18
56%
55
56%
55
55
18%
*15
32%
*103
.
12%
17%
*16%
*15
15%
*15%
15%
400
33%
32%
32%
1,400
104%
*103%
104%
15%
33%
58%
73,
♦103
103
3%
10%
*69
2,500
12%
15%
11
12%
12%
*16%
33%
59%
900
1,500
17%
15%
10%
18%
55%
12%
33%
59%
'
17
15%
103
18%
*54%
55
12%
32%
3%
1,300
18%
15%
104
54
12%
12%
*17
32%
3%
18%
547/a
18%
56
200
2%
17 %
-
17%
*167
18%
*68
33%
*103
104%
17
500
60
3%
3%
3%
3%
3%
3%
5,500
10%
9%
10%
10
10%
10%
10 %
10,100
59%
*56%
57%
58%
58%
57%
57%
600
.,*68
12 %
Dec
118
114 % Feb
14
22% Jan
30
15%
Oct
98% Feb
19
91
Oct
19
10
15
Feb
3%
*68
72%
72%,%
1
;*68
i
10%
$7
$6
1,600
Power
shares
Light
St
preferred
preferred
Electric
Battery
Storage
Nov
161
Oct
227
Jun
July
124
Dec
133
July
112%
Oct
116%
.13%
Sep
-
107
Feb
6
Aug
115% Jun
19% Mar
,
9 per
19
25% July 28
16
May 19
'Jan
Highest
share
,
16%
3
30
Empire District Elec Co
Corp
Johnson
Endicott
preferred
Office
4%
tEquitable
RR
Erie
Bldg
Sep
30% May
Nov
.31% May
30%, Jan
61
Jun
209
Aug
487/s July 23
196% Feb 27
190
Nov
Feb
11
39
Oct
71
25% Feb
6
7
23%
Dec
40% May
57
May 17
July 31
Oct
101
Feb
4
27% Feb
17
17%
Oct
15
106%
Nov
87/e Feb
18
6% NOV
16%
50% Oct
80 Va
Feb
35%
Apr
109
107/a
10%
10%
10%
10%
10%
10%
10%
10%
22%
23
21%
23
22%
23%
22%
11,500
24%
22%
23%
14
14%
14
14%
14
14%
14%
5,300
44 %
42
42 %
41%
43
43
44
44%
1,100
*43%
42
Ex-Cell-O
107/a
10%
11
11
12%
ll7/a
5,600
Exchange
11%
10%
12
*10%
54%
54
54
54
54%
700
57%
*53
55
56"
29%
29%
29
29%
28%
28%
July 24
8ep
180% May
24
128
40
Sep
Oct
167
55% July 14
May 20
171
May 26
156% Feb
3
7%
Jan
29 % May
July
56% Jun
19
17% Jun 24
24% Mar
46% May 20
56 % July
28
44% Sep
15% Feb
21
11%
Nov
30%
9% May 19
——4
61% Jun
Feb
May 19
21% Feb
6
17 V#
Deo
437/a Mar
xl4% May 27
19% Jan
8
17
Nov
21%
27% May 17
38
2
7
107
104
Sep
13
8
_10
25
102
100
No par
May
Apr
Mar 24
2
4% May
8% May 14
12% Feb
2% Jan
9%
3
111
Oct
Jan
5%
Jan
Oct
23 V#
Oct
93
Jan
Jan
2% Jun
5
477/a May 19
67
Feb
3
48
11
85
Mar 25
90
Oct
95
10
Oct
22%
Jan
Jen
15%
Oct
33%
Apr
21% Nov
58%
Apr
72
13% Feb
8
18
May 19
24% Feb
7
12% May 17
257/a Jan
7
32 % May 19
45% July 17
Jun
7% May 17
Corp
7
34%
7
12% July 31
May 12
44
Corp—
Buffet
Feb
Jan*
138
152
Jan
Dec
48% Jan
137
47
Dec
277/#
114
Oct
3% Dec
13% Oct
1
Eversharp Inc
147/a
14
14%
*
8
&
Feb
Aug
111% Feb
100
50
8
pref series A
Pitts RR Co
Eureka Williams Corp
Evans Products Co
5%
112
17
No par
common
9 per share
4% May 19
3
& Phonograph
Radio
Feb
May
21
Year 1946
Lowest
9 per share
16% May 27
15
Mfg Co
Emerson Electric
58% May
25
July
34
61
107% Jun
No par
No par,
No par
Nopai
Elgin National Watch Co
El Paso Natural Gas
Emerson
Jan
Apr
41% May
197
8
preferred
Conv
Electric
Jun
33%
116
129
24 % Apr
Elec & Mus Ind Am
Erie
72%
Oct
,
14
38
13
1U%
42% July 24
10
38
18%
108% Mar
3% Jan
37%
12%
Nov
19% Feb
37%
2%
17%
Feb
29%
Dec
63%
2% May 17
37%
2%
16%
300
37% May
16 %
7
11% May 19
*37%
2%
6
Sep
18
33% May 29
13%
'
X23%
Apr
Mar
Jan
No par
Electric Boat common
53%
48
12%
2,900
52%
Nor
34%
5,000
13
53%
25%
5
57
12%
53
10
16% Feb
56%
127/a
16%
Feb
65% Feb
56%
12%
18 Va
8
62% Jun
39 % Jan
55%
13%
17%
52
Sep
10% May 19
56
127/a
38
30
Nov
50% May 17
55%
13%
2%
Nov
48 Va
8
3
56
*37%
14%
28%
13
13%
*5%
July
2
Elastic
55
27/a
Aug
34% Jan
1
6%
38
Apr
50
76
101
8
13%
2%
50%
Oct
21% Jun
19
100
57%
*37%
Oct
Sep
42% May 17
100
preferred
4% %
Ekco Products Co
6%
6%
34%
42
18
182% Jun
4
1
Manufacturing Co
56%
6
Aug
39% May
39% July 25
7
42% May 17
100
preferred
cum
Eaton
Stop Nut Co_
Electric Auto-Lite (The)
•.
24
Sep
17% May 19
r
8
Corp
1
common
•
10,000
198
X52
*22
177/s
17%
18%
Oct
23%
share
19% Jan
-1
Stainless Steel
Ea!stman Kodak CO—
J
■•"47%
*193
53
51%
102
102
104
*102
18%
18 %
47%
47%.
195
195
192
192
192
50
23%
*22%
*102
46%
46%
45%
47%
46
*190
53%
I per
10
Co.
Eagle-Ploher
9,400
*
47%
15%
3
Range for Prevloua
Par
4,500
..24%
20%
190
Dec
2
Jan
Lowest
Shares
2,200
25%
53 %
19%
Range Since January 1
Highest
YORK STOCK
EXCHANGK
NEW
Sales for
Friday
25%
47%
Deo
34
111
July 18
14% May 20
DWG Cigar Corp
Feb
16%
31% Feb
May
May
May
July
100
5
Duquesne Light fl%
500
20'A
190
1
1st pfd
170
Apr
77
22
25% Apr 15
1,000
STOCK
'«•
s
Nemours
15%
28
Oct
22
173
May 27
124% Jan 13
103% May 28
*
de
Oct
60
7
% July 28
13% July
54% Apr
No par
P
23
13
Jan
36% July 30
(E I) St Co
20
Preferred $4.50 series
No par
Preferred
$3.50 series
No par
Du
112%
*15%
28%
16%
45%
39%
28
39 Vb July
60
STOCKS
Wednesday
July 30'
I per share
Tuesday
July 29
128%
200
107
15%
6%
27% Mar 25
19
14
27
29
"111 Jun 19
14
May 16
91
Jun 3
10% May 19
100
preferred-
Duplan Corp
PRICES
LOW AND HIGH BALE
Monday
July 28
Dunhill
100
*111
111
A
series
International
600
128%
106%
111
*15%
16
*15%
conv
5,000
191%
129
(new)
Industries
297/a
1*
*29
«
29%
192%
129
*128
preferred
$4
192%
•*14%* 15%
15%
*28%
190%
29
*28%
29%
*28
*128%
Saturday
16,20&
40%
191
16%
Douglas Aircraft
Chemical Co.
Dow
96%
■
Corp
Mines Ltd
111%
97
8
Dec
14% Mar 24
May 22
25 % Apr
No par
8
No par
No par
15
No par
80o
Pepper Co
Dr.
800
41
A
Class
40
2 •
Ltd
Co common
Cup
17
195
129%
193%
%
40
Dixie
18%
39%
2
Diamond T Motor Car Co
Distil Corp-Seagrams
17
111%
Jan
10% Feb
49
19%
16 Va
36
41 y8
16%
6
No par
19%
15%
36%
111%
Jan
Oct
33%
20
45% Mar
18% Jan
19%
15%
36
39%
July
50%
38% Feb
liy4Mayl9
25
May 19
19
15%
*111%
Jun
42 %
25% Sep
May 17
Jan
9
May 19
May 19
No par
19
16 y8
'
58%
16%
36
56%
41%
41 %
111% 111%
18%
18%
*96%
97%
*16
16%
Dm
Oct
13
20 Va
56 y2
22 %
31%
43% July 28
17
15%
*29%
Nov
25
19%
•
17
Jan
35%
*53
16% Nov
11
Jan
16%
36%
16%
34% Apr
11
20% Feb
247/aFeb
20
*19%
36% July
23 % Feb
4
20% May 14
28
preferred
partlc
6%
400
46%
Sep
50
*45%
46
28 '
6
101% July 29
47
41
46%
41
41%
31% May
35% Apr 15
43% Jan 2
18
Jan 2
*45%
41
Nov
No par
com
pfd
Match
*40%
45%
Nov
16 y«
17
6% May 19
25% May 19
21% July 25
60
Jan 13
10% May 19
17 y2 Jan 3
17
May 19
for
for
Diamond
Nov
May
*
34
100
100
20
Detroit Hillsdale & 8 W RR Co—100
Detroit-Michigan Stove Co
1
Detroit Steel Corp
1
De Vilbiss Co
B
Devoe & Raynolds class A
12.50
ctfs
ctfs
Detroit Edison
-
July
98 %
Grande West RR
Rio
Escrow
4,700
9,000
12%
12%
22%
12%
38
23%
*57
59
*56%
59
♦55
59
*55
59
*55
&
Escrow
6,100
12
11%
12%
11%
11%
10%
Delaware Lack & Western
Denver
29
Deo
36% July 21
31
34%
32%
5%
100
SO
Hudson
Delaware &
2,400
13,500
45
34 Va July 29
No par
20
Preferred
37
38
37
Deo
July
May
'' Sep
18
13
35% Jan
Feb
145
91%
26
Feb
34%
Oct
13V2 July 29
13 % Jan
"
1
Deere & Co
41%
42
43 %
41%
4^"/4
Oct
12%
101% July 24
July 31
101
sue
B0o
Deep Rock Oil Corp
36%
8%
100
series B
Dayton Rubber CO—.
Decca Records Ino
3,900
*15
3.75%
Preferred
190
15%
1,100
■
13%
15
*33%
14%
15
Apr
25%
1
Feb
20
767/a
128
Apr 23
96% Jun
Feb
Sep
Oct
17%
20% Feb
132
18
16% Jan 16
x30 % May 13
100% July 31,
1
21
32%
101%
101%
' Feb
146%
5%
6% Feb
23% July 14
8
(The)
Chemical Corp
101%
101%
6
Jan
26
Oct
60
Mar
70
82 % May
Nov
4
103
35% July 24
100
pfd 3%% series A
Davega Stores Corp N Y
31%
20%
Sep
10
24% July
Nov
45
7
20% May 16
91
Apr 25
14% May 20
Corp
Cum
101%
32
16%
Feb
12% Feb
135
Feb
1
Dana
31%
21%
Mar
No par
100 7/a
21%
Jun
106
30% Feb
31%
21
66
Oct
18% May 17
101%
101'A
23%
129
100
Oct
19% Feb
12% May 21
l
A
Jan
35
95
% May 20
4
Jan
Mar 12
56
<
16
Jun
56
Jan
28%
Jan
7
Jan;
101
6% May 19
113% Jan
46%
165
160
53% July 28
7
Jan
Jun. 24
96
Jan 29
165
31% May 19
31%
20%
34%
CLOSED
Oct
101%
22
14
9 per
Oct
17 y*
31%
101%
'
22
2
Davison
101 Va
.
Dec
6
21% Jan
.-No par
1
40
600
115% July
88 %
34% Jan
No par
1,300
18
54%' Feb
16% May 14
95%
*17%
17%
17%
Dec
96
39 % May 17
34%
95%
'
29
May 20
Cutler-Hammer Ino
-'34
t".
33%
*94
33
Apr
13
79 % May 19
0
1,000
•
150
37% Feb
Drug Stores Inc—2.50
(The)
No par
24%
24%
•25%
25
Class
Feb
Sep
13% May 19
Cushman's Sons Ino 1%
•
24%
.33
8,100
11,000
140
*130
140
*130
140
4%
15
14%'
110%
110
22
Curtiss-Wright
15%
4%
4%
4%
14%
Sep
8
22% May 19
165
Apr
103
Jan
128
.100
$7 preferred
Prior preferred
1,000
65
67%
30
105 V2 May 19
No par
Inc
Press
Cunningham
40
Jun
Highest
9 per share
40 %
Oct
25
8
108% Feb 24
33% Jan
Apr 29
102
Curtis Pub Co
16,700
9%
9%
9%
9%
95%
101%
16
17%
*46
24%
101%
16
98
*17%
18%
18%
18
98
9,000
17%
96%
*96
96%
*95%
51%
49
4%
25
51
99
14%
140
25
*165
51
*46
9%
*130
26%
140
26%
180
180
50%
*17%
67
68%
68
67%
♦130
15%
17%
8%
133
*128
134
133
1,120
47
17%
♦128
Cuneo
500
28%
*98
*46
9%
8%
10%
300
83%
28%
99
*98
17%
51
*46
51
•
99
17%
18%
18%
52
*98'
99
*98
*4 i
83%
15%
*165
51%
49%
27%
27%
82%
15%
180
*165
180
*165
290
2,500
29
*28%
16%
200
118
82%
29%
180
$4.20
27%
83
29 V4
16
*165
*116
0
No par
No par
Zellerbach Corp
preferred
$4 2nd preferred —.
Crucible Steel of Amer_
5% preferred
Cuds RR 6% preferred
Cuban-American Sugar
1% preferred
Cudahy Packing Co.
4%# preferred
Crown
•280
106
27
84
30
106
116
115%
27%
26%
•
107
25
I per share
$ per share
I per share
Par
5,200
30%
30%
30%
30
*106
31
*82%
CLOSED
106
115 Va
120%
30
106
106
Year 1946
Lowest
Lowest
Shares
per8ha*e
9
t per share
share
23%
30%
106
120 %
STOCK
9 per
share
29%
.
*107
106
EXCHANGE
S per
$ per share
the Week
Aug. 1
July 31
July 30
Range Since January 1
Highest
YORK STOCK
EXCHANGK
NEW
Sales for
Friday
Thursday
Wednesday
Tuesday
Monday
Saturday
May 19
Oct
63% Jan
Oct
11%
Jun
F
'
,
8
7%
23%
23 Va
7
23%
♦103%
105
*103%
*39%
41
*38%
*22%
23
22%.
12%
11%
12 Va
27%
*106
22%
*23%
56
52
28
106%
22%
55%
52
107%
59
59%
51%
*107
18%
32%
*106%
18%
33 Va
107
36%
36%
15%
15%
*22
24
18
31%
1C6%
36%
14%
*22
39%
38%
38%
22%
22
22%
*21%
22
11%
11%
*11%
12%
11%
12
11%
25%
26%
26%
26%
106%
107%
24%
.
106%
*21%
22
*22%
23%
52
56
51%
52%
107
107%
'
26%.
106%
22
22
59
18%
32%
107
.
58%
17%
22
22
800
Federal-Mogul
106
,
107
22%
200
400
1,400
1,200
22%
22%
54%
53%
54
55%
55 Va
52%
52 Va
52%
107%
*106%
107%
59
*52
*106%
17%
31%
32%
*106%
107 %
35%
35%
15 Va
14%
15
22
22
*58%
17%
59
59
100
4% %
Felt
&
Ferro
new
conv
preferred
Tarrant Mfg Co
Enamel Corp
Ins N Y
Firestone Tire & Rubber
Fidel Phen Fire
preferred
4% %
1,000
First
National Stores
(The) Carpet Co—
17%
1,800
33 Va
33 Va
33%
7,300
Flintkote
107%
*106%
107%
17%
35%
35%
147/a
15'A
*22
59
Corp
Truck
Federated Dept Stores com-.
Federal Motor
Firth
17
,
'
32%
107
270
*21%
22%
24
37
Federal
23%
52%
Min & Smelt Co
200
1,100
9,800
Traction
preferred
$6
40
22%
107
20
*38
22
23%
22%
23%
22%
23%
23%
25
11%
12%
11%'
11%
11%
11%
11%
11%
Federal Light 85
37%
25
footnotes see page 23.
1,500
37%
23%
For
23%
103 '/a
23%
104%
*
*58%
23%
103 Va
7%
23%
27%
23%
7
"
Fajardo feug Co of Pr Rico
Farnsworth Televls'n & Rad
29%
*103'A
106%
56
-
3,100
6,900
7
23%
23
Fairbanks Morse St Co
7%
29%
.
103%
26
*21%
7
28%
103%
23%
105
*106
24%
*107
6%
7%
*28%
*54
36
15%
*22
24%
10%
36
15%
23
25%
11%
100
800
6,000
200
15,100
4,000
$4
Co (The) eom
preferred
——
Stove Co
Florence
Florida
Power Corp
Florshelm Shoe
Food
class A
Steel Corp
Fair Stores Inc
Follansbee
No par
20
4% May 19
20% Apr 19
102% Mar 19
32
May 16
t
25% Jan 16
Corp_l
15
No par
2
5
No par
•
100
5
1
10
25
100
No par
No par
No par
No par
No par
7%
No par
10
1
■
<
21% July 3
9% May 19
19
Apr 18
104% Feb 6
20 Va May 17
20V4May20
46% May 27
42% Jun 5
•
105% Jan 10
51%May2o
14% May 27
24 May 19
105 May 21 '
30 May 19
14% Jun 13 .,
18
May 29
14% Jan 13
9
May 17
80
47% Nov
Jan 30
31% 'feb
• 9% Feb
1
7
24% Jun 20
108 Jan 29
42% Mar 7
23'A July 14
14% Feb 8
28% July 23
107%-Jun 12
26% Feb 10
26% Jan 4
59% Feb 28
61 Feb 21
107% Jan 3
60% July 23
21% Jan 29
37% Jan 2
110% Feb 25
41% Jan 8
17% Jan 8
23 Feb 7
25% Aug 1
15% Feb 13
,
-
21% Sep
7% Deo
20
Sep
100% Sep
35
Oct
—
—
10% Oct
21 Nov
104', Sep
May
36% Feb
19% Jan
88
26% Jan
112 Va Feb
54% Feb
__
21% Jun
34 Va Aug
108
Feb
—
T9%
49
51
105%
52
16
25%
105
33%
16%
2P%
11%
12%
Sep
Oct
Nov
Dec
Nov
Nov
Oct
Sep
Oct
Sep
Oct
J&n
Oct
34%
70
83%
109%
70%
28%
Mar
Feb
Apr
Jan
May
July
Jun
Jan
Apr
Jun
Jun
21% Feb
23% May
46%
115
57,
20%
29
Volume 166
Number 4617
Saturday
LOW AND HIGH SALE PRICES
Tuesday
Wednesday
Monday
July 2(5
THE COMMERCIAL & FINANCIAL CHRONICLE
July 28
I per share
July 29
I per share
I per share
83
STOCKS
July 31
Aug. 1
f per share
83%
t per share
83
*81
8'3
EXCHANGE
Shares
1 per share
103 %
109%
109%
1091/2
IO91/4
108%
108%
109%
590
27%
28%
261/4
27%
26
26%
26/a
26%
27
27%
2,300
*251/4
83
*108%
82%
Pood
800
82
*81
*ioa%
Lewest
Machinery
25%
25%
25%
25%
25%
25%
25%
25%
25%
14
14
14
14
13%
13%
13%
13%
14
14
1,000
Pranoisco Sugar Co
CLOSED
42
42
42
42%
41'A
421/s
41%
41%
41%
41%
1,700
Preeport
STOCK
350
6%
14%
14
14
*13%
14%
14 %
14%
14
14
26%
27%
25%
26
24%
25
24%
25%
25
25%
6,000
99%
99%
97%
98%
97
97%
97%
97%
97
97%
520
11
11%
10%
11
10%
10%
10%
*10%
8%
8%
8%
8%
8%
19%
16
16
18%
20
18
15%
4>%
10%
17,100
*15%
15/a
200
*17
18
17%
173/4
800
Gardner-Denver
5%
5%
10,400
-
5%
27%
17%
14%
5%
.27
18%
109
109
*19%
*
27.
17%
3,500
Gen
*105
109
*105
109
54
54%
53%
53%
54
55
55
55
2,500
Gen
10%
10%.
10%
103/4
10%
10%
10%
10%
10%
10%
2,000
*181%
*181%
*181%
182%
182%
182%
30
133/4
133/4
*13%
14
13%
13%
500
11%
11%
11%
11%
11%
11%
12,600
79
80
78%
79
*78%
79%
1,000
44
'♦42%
43%
*42%
44
15/8
109
15%
*105
.
109
15
14%
182%
14%
11%
12%
11%
11%
80
80
80
81
44
44
182%
182%
•14%
r
44%
♦43%
28%
28%
28%
,
,
28%
*156
28%
39%
41%
13
13
52
28%
12%
38%
28%
39%
39%
102%
*12%
19,200
40 3/4
8,700
12%
12%
40
102
•
7%
51
*127
128
*127
128
*127
128
119
*116
119
*116
119
60%
61 %
583/4
127 %
127%
*127 %
106%
106%
106%
106 3/8
16%
16%
15%
16%
19%
1&
19
513/4
58%
59%
♦127/4
127%
60%
128
49
106
59
49
60 s/8
603/8
61%
127%
127%
.127%
127%
106%
106%
106lA
16%
16%
16
1,900
3%
3%
*3%
3%
3%
3/a
*3
3%
I,600
'Jen
Public
14%
14%
13%
14%
133/4
14%
13/a
14%
14
14%
12,100
Gen
Public
31
31 %
29 3A
303/4
29
29%
*29%
293/4
29%
293/4
*128%
*128%
132
5%
26%
32 «/8
116
25%
25%
25
*102
26
26%
*102
24%
23 s/8
25
24%
27 Yo
26%
27%
*104%
104%
104%
24%
253/4
104%
243/4
97
97
57
6%
--
463%
-
6%
46%
21%
4%
20
4%
v
-
29
'.,46
20%
20%
-108%
-108
20%
'
•
*20
'2,700
10
293/4
29%
..
400
-
7
6%
6%
36
36
35%
18%
18%
35%
17%
31%
32
*6%
„
"■
4%
*105%
17%
31
106%
106
4'/a
46%
'<
109%
!
*20
30%
106
.
20%
,
*6 3/a
6%
*173/4
"
6%
6%
18
18
31..
106
105%
Grand
•
Oct
182
3
33%
Dec
52
Apr
Feb
Q
39%
Oct
56%
Feb
13%
123/4
13%
*33%.
36%
X35 %
35%
13
13%
14%
14%
14%
14%
46
47
45
45%
*14%
23%
233/4
23%
■< *159
45
„%■ 34 Vo
343/4
*18 %
18%
9%
9%
1033/4
12%
4,500
-
14%
1033/4
-
;
14%
14%
1,500
..
'
""
'"
23%
23%
44";' 44%
-23%
23%
*158'
♦158
63
162
63
63
33%
34 V
17%
17%
*17%
9%
9%
•
34 r
34
14%
44%
100
36%
♦34
162
*61%
1'100
233% ,233/8.
r 162
V
42'
543/4 July 11
*61%
34%
•
;
63
34%
34%
♦17%
9%
9%
9%
*103%-104%
1,200
17%
.
v.
To
18
126
Deo
135%
Jan
6
114
Sep
123
Jan
65 % Feb
3
11
v
129
106% July 25
Mar 25
132
Feb
Deo
Nov
103
Dec
101%
19% Jan
6
15
26
Feb
8
21% NOV
Apr
40% Jan
Oct
Oct
23% May
May 19
2% May 16
lt% May 19
Jan
2%
8
6
14%
8
24% NOV
48
May
Oct
150
Apr
Feb
26
R% Feb
p
27/b Aug
1
140
31
137
Feb
11%
26%
Jun
Jan
47
Jun
132
July
Oct
4%
20% Oct
36% Jan
23
29
101 % Apr
19
124% Jan
29
101
Oct
Jun
9
35% Jan
2
32
NOV
49% May
19% Apr
14
30
Feo
1
24%
Oct
46%
103% Jan
28
106
Apr
15
26
May 27
30
40 Zi Feb
21/a May 27 /
111
Feb
32% Nov
11
60
Jun
118
Jan
Sep
102% Sep
Jan 22
108
13
923% Jun
30
«n
Feb
96
Oct
104%
23% May 19
32
Mar 31
22%
Jan
42%
105% Jan 20
102%
Dec
108
100
Oct
Oct
106
103
Jun
23
1
22
-
6
2
36%
Feb
15
7
X102 '
'•
•
5
71% Feb
6 1
Mar
41% Jun
106
-
- -106'
59% Nov
II
Mar
6
Jan
25
Jun
2
"
Oct
12%
Jan
12%
28
Nov
5
101
Nov
14% Feb
13
Apr
18
14% Jan
6
34 % May 21
49% Feb
3
27% Mar
5
1
•
Feb
Deo
13%
Dec
Dec
35
Dec
13% Dec
Oct
21
34%'Jan
40%
NOV
Feb
64
.
Jun
158
Oct
188%
55
Oct
79
Feb
20%
Dec
20%
Dec
105% Feb 27
183% Jan 27
142% May 22
5
70.
F«h
33 % July 16
35'
16% May 21
^sx% Mar
July 23
5
59
Feb
Jun
12%
18
25
27/4
40 %
112
22%
10
87% Feb
,22% Jun
64% May
33%
'
2
May
Oct
10
Mar 28
9
-No par
Jan
5%
30% Mar
31
.
16
2
Mar
Feb
Oct
5'
~
Jan
107
May 10
Jan
43
183/4 July 24
S3
253/4 May 28
Apr
77
113%
5%
10
Jan
41
'i
151% Jan
47% May
88% Apr
107
Mar
'19% Nov
8% Mar 2T
12% May 19
102
:
Jan
o% Feb
May 19
31
B
105% Sep
24'
3
■\
50% Nov
108% July 24
4
13% May 13
,
Sep
100%
jj):
H'er»
Jan
8%
NOV
27
,
July 23
at
9
58
Nov
116
7
Apr
Jan
May
56%
Deo
5% NOV
53
6
123% Apr
33
Feb
13
Jun
49
Jan
57% Jan 24
May 14
Apr
May
7
49% Jan
103
; 'May 19
51% May 6
5% May 21
104% Jun
5
Feb
30
17/a May 19
-
Apr
Oct
105
101% Jun
1
oorp,
Jan
7%
4% Feb
3% May 17
No par
'■»-
&
29
16% Jan
31% Feb
May 19
18% May 19
Steel..
Co
"'<»n
Feb
80%
Oct
47%
124% NOV
1
2
17
No par
8
100
Grayson-Roblnson Stores Inc
1
$2.25 cum. conv. pfd
No par
Great Nor Iron Ore Prop—.No par
Great Northern Ry 6 V pfd_No par
Great Western Sugar
No par
Preferred
100
Green Bay St Went RR
-109
Green (H L) Co Inc new
1
300
54% Aug
Jun
25
Feb
X122
13% May 20
No par
—
Co.
City
'
18 %
-
3
131 V« Feb
6
51/a Jan
No par
Motors
Union
■
18%
16% Mar
'
*158
63
'*33%
4,900
-
*
-
;
162
*61%
63
,
23%
*159
162
*61%
12%
37
.
44
14'%
.44
'
:
123/4
123/4
*35
45% Jan
27%
158
102% July 29
•
May 19
125% May
Xl01% Jan
_•3% preferred..
120
*
36%
May 19
Jun
...10
com
Apr
40%
Oct
7
50
__1
—100
Inc...
(B F)
Grant (W T)
3,000
-
,12%
47% Aug
96% July 15
Granite
1,600
,
31
105%
*
*35
Sep
j.J
8
B
Granby Consol M SB P.:
1,000
31
105%
x35%
*7Va Feu
34
Graham-Paige
•
700
35%
:
18%
-
31
31
14,900
*35%
35%
-.106
90% Aug
No par
Gotham Hosiery.
800
-
4
4
4
1?%
v
Dec
110
preferred
No par
Goodyear Tire St Rubber....No par
't $8 convertible
preferred
No par
400
203/4
3%
74%
43
May 19
126% Mar 14'
$5
6,400
*108%
x35%
6%
.
17%
.
«•
/•
83% July 16
'
46%
-
36
*6%
*34
32
106
3%
16%
Feb
■
'
4
Sep
No par
Goodrich Co
4,400
-
8%
Oo
Goodall-Sanford
-1,700
'
54'
*103%'104%
108%
•
.
Apr
11
Jan
B
(The)
Apr
Apr
14% Feh
39% Feb
No par
No par
conv
28%
9
33
100
100
preferred
Goebel Brewing Co
Gold A Stock Telegraph Co
4%%
Nov
18% Jan
preferred
Glldden
-
1,400
-
120
"■'53%
'46%-'- 463/4
46%
108
29%
533/4
53
$4.50
5,800
£
.
6%
•117-S
1033/4-1033/4
;
58%
6%
120
-•*20%
53
98
45%
6%
63/8
*117
293/a
.
51%
46%,
'
-
6%
200
98
45%
57
13
200
160
1
_
X170
10
preferred-.No par
Brothers
Glmbel
II,400
243/4
*56%
45%
57
122
24%
98
45%
45%
*103%-104%
108%. 108%
21%
*97
98
6%
30
500
'
♦118
55%
6,100
104
■>102
24%
Corp
1
July
16
133
preferred
•%% preferred
Gillette
Safety
Razor
$8 conv preferred
60
273/4•' ;■
27%
185
May 19
100
10c
4%%
no
.
5
21
No par
General Tire St Rubber Co
2,500
*
93%
'
104
233/4
24%
*97
120
52%
108
*102
104%
57
;
*92%
27%
;
1043/a
Apr
Mar
Sep
Deo
Jun
20
Corp
Gen Time Instrument Orp—No par
iV*% preferred
100
20
;
,
24%
24%*103%
.93%
26%
104
23%
,
*104 --105%
-
473/4
108
93%
27
5757
,-28%:
56 %
104 3/8
93%
44%
6%
30%
55 %
*104% 106
.
46
120
30%
%
..
98
57
122
24%
104 3/a
•
263/4
93
44'%
6%
•118
-
.
24%
104%'
*96%
»
46%
104%
14%
Telephone
General
800
104%
104%
93
93
23
*102
243/4
*103%
104%
*91%
24%
24
104%
Shoe
Gen Steel Cast $6
1,300
233/4
23%
*102
General
440
1
33%
10%
19
Realty &
600
118
*33
33%
Apr
17
B
Refractories
31
Xl 15%
33
26 3/4
-
117
33
93
57
31
30%
116
117%
33 '
1031%
♦24
103 %
30%
31%
113
71%
13% Feb
No par
preferred—
Utilities
9%
Gen
Dec
109
May 17
No par
General
21% July
Deo
Sep
10c
3,900
*
13%
67% May
May
24
141% May
Deo
common_.No par
6,400
5
27%
26%
Jan
48
10
Service
Nov
104
11
No par
Utilities Corp
Deo
15
0
38% July 29
Gen Railway Signal
2,600
,
132
43/4.
4%
26%
251%
,
103
46%
4/a
25 %
33%
103%
104%
*130
132
4%
25%
31%
119%
32%
3
*128%
132
18%
18%
18 3/4
3
43/4
32
116
33%
*18%
25 3/8
26
*31%
32'/a
33%
18%
♦128%
5%
25%
119
.
132
5
5%
25%
18%
38
78
15/a July 28
low
1013/, July 30
Precision Equip Corp
Cen
18%
Adv
4
July 25
31
24
No par
Outdoor
43/4 Feb
Jan
Jan
May
onu
32
1
series
G<m
17
7%
19% July 25
No par
1,300
16
16
Dec
115
No par
$3.73
29%
151% Feb
100
No par
preferred
$B
Preferred
Sep
Apr 28
37% May 16
No par
General Motors Corp
1,300
39,200
17
19% Feb 28
9% Feb
8
71
100
100
B*
800
*105%
106%,,
15%
51
26
68% Jan
8
No par
100
*493/4
14% Nov
Mar 12
113/8 Jun
preferred
conv
preferred
20
*116
Apr
3
17
100
50
Corp
Jan
21
xl7% Feb
Apr
No par
Co
11%
8ep
10
B
preferred
$3.50
3,600
513/4
119
•
168
preferred
Electrlo
15% May
18%
48
General Instrument Corp
General Mills common
l.nno
127%
*116
116%
105
July
10% Sep
7
Oct
10/e May 19
l
Jun
112
Sep
2
May 21
100
B
6
48
Jan
14% May 21
85
50
17
Jan
27% May
Nov
99
03/8 July 23
21
263/4 July 22 '
50
Corp
17% Feb
12% May 24
143/4 May 17
43/i July 22
1.66%
Corp
General Poods
123/4
9 % Jun 10
5% May 17
12
1
16
28% NOV
103% Mar 10
18% Jun
No par
Bronze
General
500
102
*12%
Co
preferred..
4% conv 2nd preferred
General Cigar Inc
50
38%
40"%
*101%
102
28%
156%'
373/4
38%
27
1st
4%
8'00
28%
*154%
156
37%
93% Jun
No par
No par
preferred
General Cable
100
-
156
373/4
2
preferred
Transportation.
General
Baking
General
Jan
18
Jan
Amer
$8
Jan
61
Jan
Investors..
Amer
Feb
35%
39
$4.50
-
51%
129
116%
1013/4
12%
37%
15%
15
15%
127%
52%
•127%
102%
12%
36%
39
28%
156
157%
38%
393/4
156
38%
157%
38%
14%
182 %.
*42%
102%
♦156
_
15%
109
•105
Sep
Sep
45% Sep
28
20%
22
conv
B%*
25%
6
10
20
preferred
Container Corp
conv preferred
4%%
50
115
*105
Gayiord
4,400
18%
18%
112
400
27
27
18
*102
15
25% Jan
16
Industries Inc
Gar Wood
26% Jan
233/4 Jun
..1
—
Apr
49%
12% Jun
„_1
common,
100
Sep
19/« NOV
100
(Robert)
toe
9 per share
July 24
^y/a Fen yj
1
common
16
20
200
54%
15%
(The)
Co
Oo
oair
Co
preferred
eum
Gabdei
2,000
83/4
20
53%
*105
Trailer
Fruehauf
*15%
*19%
5%
*27
120
10
preferred
Gameweli
Oo
(The)
5/4
183/4
*110%
120
60/a Feb
Sulphur
18
*17%
12% May 20
36% May 19
prior preferred
15%
15%
28
18%
19%
19%
*112
'.•
>
•
5%
*'27%
28
28
16
5%
20
*19%
*17%
-
'
8%
20
*15%-
18%
5%
5%
10 Va
8%
8%
9/8
19%
,
500
71
7
110
19% May 17
23% May 23
Co
10
Froedert Grain St Malting Co Inc-1
*13%
I per share
94% Jan
No par
....
Highest
J per share
10
100
10
25
Corp
Corp
EXCHANGE
Lowest
693/4 May 17
1023/4 Jun
4
3%% cum conv pfd
Poster-Wheeler
Year 1946
Highest
9 per share
Tar
83 %
,
Range Since January 1
NEW YORK STOCK
%
•
Range for Previous
Sale* for
the Woek
Friday
Thursday
July 30
May 12
♦
Apr
I
Greyhound Corp (The)
'
9
9%
9
103% ,1033/4
1033% 104
♦103%
104%
21%
21%
22%
24%
24%
25%
63/a
6%
6%
6%
6%
No
35,400
:
320
,
preferred!..
4%%
'
23
7
21%
24
7
*90
22%
.
6%
7
92
90
SO
14%
12%
13%
123/4
90
12%
90
90
13%
*88
13%
13%
6%
'
♦88
1,900
...
,
Guantanamo
50
92
13%
133/8
Grumman Aircraft Corp
Sugar common
$B conv preferred
Gulf Mobile St Ohio RR
41,100
9
♦45
47 %
72%
72%
46%
45
46
45
45%
72%
71%
70%
71%
713/8
72
45%
72%
15%
900
73%
*45
10,900
$B
OH
800
15%
Batnrday
Monday
Tuesday
July 26
July 28
July 29
I per share
,
^
STOCK
July 30
f per share
»per share
Gulf States Utilities Co
f per share
,
*35
*35
35%
35%
35%
16%
15/4
16
16%
*16
17
*16
16 i/g
103
103
*103
103^
*103
*105%. 106%
105%
105%
243/a
.
24%
'\f-
*152
*26
8%
353/4
8
*7%
91
*90
..'
7%
7%.
16
*103
106 3/4
*105%
24
*152
...
*7%
90
7%
35%
7
*34
%
-
7%
100
4%
70
24%
3,700
;
35%
8
500.
.
.
'
9% preferred
Hart, Schaffner St Marx...
A.
\
90
30
8
1,600
6%
6%
6%
63/4
6%
6%
7,800
27%
273/8
27%
27%
27%
27%
900
Hazel-Atlas Glass Co
26%
101
26
26
100
26%
101
100
39%
39%
39%
39
107%
107%
*107
57%
55%
57%
150
*145
150
19%
20
60
133
/
-
93
.
39
107%
55/4
58%
57
150
*145
19%
58
134
95
*18%
57%
19
58%
58
39%
39%
3934
1,100
107%
107%
107%
190
56%
56%
56%
150
*145
19%
193/4
58 3/4
Heinz
1,100
7%
500
,
58%
58 3/,
132%
105
*95
107
127%
126
126
130
23/4
*22'/8
23%
*22Vb
23%
12%
12%
28 %
12%
29
28 % ;
22%
123/s
23%
*25%
26
27
12%
12%
*28.%
30%
12%;
"28%
*25%
28%
26
27
5,100
600
253/4
300
27
26
-
*163/4
26
18
26%..
25%
25%
25
25%
16%
27
16%
16%
16%
19%
193/4
19 %
20%
■
44%
44%
443/4
,
163/4
16%
16%
.
16%
16%
20%
20%
19
193/4
*19%
45%
453/4
45% '
45%
44
45
17
173/4
16%
17
16%
16%
*50%.
51
50
50%
;
.
,
20
-44
16%
.
*16
,
4,300
306"
17
1,300
-
4,100
.
4,300
'
*50%
51
,
*48
50
*48%
100
50
(G
Co
preferred
W)
non-cum
I per share
33
Apr
16
5
14
Jun
30
14% May 27
32%.
For
footnotes
-n
see
33
,
1023/4
page
Highest
Lowest
f per share
$ per share
t per share
'
23.
32
*31%
32
31%
*1023/4 ,103
*102 3/4
103
102/B
31%
31%
103
•
31
•102%
1,000
31
103
,
260
35
4
Jan
22
Nov
15
Oct
17%
11
Jan
19/4 Feb
19
Oct
preferred
Finance
com.
103
Oct
119
Apr
15
105%
Jan
109%
19% Apr
17
25% July 24
20 Ze
Sep
Jan
27
151%
Nov
30% Jan
6
33
NOV
10% Feb
3
8
Oct
16%
Jan
Sep
106%
Jan
Nov
20%
Apr
15%
36
Dec
51
May
155
July 25
28% May 19
6% May 19
160
4%'May 19
8% Feb
25/b May 16
35% Jan
8
5% Nov
29% Oct
22
May 21
30% Jan
2
28%
100
25
100
25
—100
100
13
14
^No par
165
Apr
4
30
104
90% July 23
6
May 19
7
g9
Feb
8
8
11
100% Apr
12
35
May 16
103% Apr
42% Feb
106
Mar 31
108
Jan
52% July
3
July 9
14% May 17
150
74
68
41% Dec
13
Dec
61
Oct
90
Jan
Dee
192
Aug
169%
Jan 22
22% Feb
8
165
171/4 Nov
May 21
93
July 29
76
Sep
106
123
Nov
Jan
146%
63
132
Feb
46%
5
Jan
30
11
29 % Jan
4
23
Jun
11
13% July 3
32
Feb 10
17
29
14/4 May 28
May 19
35 % Jan
23
.13/4 May 19
46%; Apr
28/4 Jan
...
38%
72%
139
21% May 20
,
Dec
103
29
Jan
Jan
10% Jun
'
Dec
44
105%
July 14
22% Apr
17
Jan
109% Mar
130
20% Jun
.
Aug
60% May
Mar 21
17
.
Nov
101
170
134
119% Jun
26
Nov
Apr
34% May
10
51% May 19
131% Jan
100
preferred..—_x._.
Jan
Feb
Jan
No par
Household
26%
112
100
—10
1
100
1
2
No par
No par
Hewitt-Robins
Inc
.——8
Hilton Hotels Corp
5
Hindu* Dauch Paper Co
-10
Hlrefc Co iO E) -The..
1
Holland Furnace (Del)
B
Hollander & Sons (A)
—8
Holly Sugar Corp
No par
Homestake
Mining
12.50
Houdaille-Hershey com
No par
$2.28 preferred.——__B0
40% May
24
Aug
108
-No par
3% %
89
May 27
98
100
15
'
1023/4
May
Year 1946
Range Since January 1
Highest
Lowest
Motors
preferred
Hershey Chocolate
$4 conv preferred
200
23%
23%
J)
eum
6%
'
26
26%
26%
Jan
1
No par
Hercules Powder,
60
126.
134
(H
Hercules
5,500
132%
*98
*132%
preferred
165*
Helme
150
19%
Co
3% *
100
*22 %
29
19%
Hecht
220
100
127%
12%
*145
.
200
26%
101
*95
127%
12%
56%-
*25%
*100
93
127%
30
39
*107%
26%
101
134
127%
12%
*99
*133
128%
30
*25%
.
133
128%
*26
78
15
preferred
4%%
7%
1073/4
*89
1
lo»/8 Aug
Sep
Jan
78%
56%
1
Oct
25
Hat Corp of Amer class
300
28%
39%
58%
73% Aug
No par
Co
preferred
conv
6%
*56%
*133
14
15% Aug
Hanna (M A) Co $4.25 pfd—No par
Harbison-Walk
Refrac
-No par
10
156
Printing Co
(W F)
27%
'
1073/4
20.
Jan
30%
31V*
July 22
31% May 21
II
Water
Hamilton Watch
10
1063/4
*88'
7%
Hackensack
Hall
1,400
16
7%
90
300
1033/B
24
152
152
*34
15%
73%
27/2
*145
3
14% Feb
108
Range for Previous
Hayes Industries Inc
Hayes Mfg Corp
101
*100
July 16
93
57% Apr
Par
285/a
"7%
*28
,
156
*35
90%
8
8 3/a
23%
73/4
90%
91
106%
23%
35%
*73/8
73/4
106%
*152
156
35
15%
16%
22%
35%
36
8/4
Jan
May 17,
Nov
9% Sep
80
49
EXCHANGE
Mhares
35
IO33/8
:.
*1053/4
24
23%
156
91
I1
9 per share
15%
*16
1033/a
7%
Apr
13%
NEW YORK STOCK
Sale* for
Nam Week
Aug. 1
35%
15%
*16
353/4
,
$ per share
*101
i.}
52%
Oct
H
16%
*152
FHday
Thursday
July 31
*16
35%
16
CLOSED
Dec
6%
STOCKS
I
35%
EXCHANGE
Wednesday.
23%
10
6
6% May 19
—26
Corn
LOW AND HIGH 8ALE PRICES
Oct
3
8% Jan
78
No par
No par
preferred
Apr
111
102%
27% Feb
4% May 14
17
'
463/4
10% July 11
July 29
May 27
100% Jun
1
1
No par
7,100
.
par
100
11
97% May 26.
Sep
22
Oct
26
Nov
Apr
Apr
May
Jan
39% May
.
x43
May
Jan
29
21%
Sep
41%
31% Jan
2
22%
Oct
37V-
18
Dec
40
22
Sep
34/4 May
34%
Sep
Oct
56
Jan
12%
28%
Feb
46
NOV
52%
Apr
27
Sep
35%
Jun
99% Deo
111%
Jun
-.19/4 July 17
25
Jan
25
48
•
Jun
13
19% Feb
Feb
21
:
1
66
34% July 10
103% Jan
20
-
•
Apr
May
Monday, August 4, 1947
RECORD
STOCK
YORK
NEW
STOCKS
LOW AND HIGH SALE PRICES
Monday
July 29
July 3G
STOCK
25%
25%
25%
24%
■
25%
24%
24%
23%
*24 %
*24%
4
36
24%
24%
26%
300
36%
36'A
1,800
Howe
4%
5,700
Hudson
36%
4%
35
4%
New
Housion
*24%
26
35%
37%
1,500
9,800
24%
24%
26
42%
4
4%
4
*9%
10%
*9%
10
*9
*9%
10
*9%
*39%
40%
38%
39%
38%
38%
38%
38%
38%
38%
'1,500
17%
17%
16%
17 V*
16
16%
16 %
16%
16%
16%
21
21
20%
17,700
2,300
CLOSED
4%
5%
5%
20 %
5
20%
4%
4%
21V* •
21%
21
20%
4%
20%
r-No par
37% May 21
Hud
Manhattan_____;
preferred
Mln & Sm Ltd
non-cum
Bay
Hunt
4%
7,100
1,400
Idaho
30
14%
Oct
30
Apr
29
5
24%
Oct
47
July
31% May 19
38% Mar 28
30%
Oct
60%
Feb
3
26% July 24
May 19
,
7% May 16
33
Feb
May 14
20% Feb
15 % May 23
30
3% May 20
12%
Jan
Dec
25
Jan
45% May
5
3
43% Feb
12% May 19
6.66%
^
Oct
11%
7% Feb 28
13% Mar
1
Inc
Hupp Corp
39%
45% Jun
16% Jan 16
20% May 19
No par
1—'—No par
Car
Motor
Foods
fper share
5
100
100
Sound Co
Hudson
Highest
tper share
1
Howard Stores Corp
&
$ per share
25
Oil of Texas V o c
4%
4%
$ per share
Co.
common
5 %
10%
10
Year 1946
Lowest
Highest
Par
Shares
share
42%
42%
42%
24%
'
4
4%
4%
42
36
38
37%
EXCHANGE
Lowest
Houston Light & Power
43
25%
9 per
9 par share
share
42
42
42
42%
9 per
Range for Previous
Range Since January 1
STOCK
EXCHANGE
the Week
Aug. 1
PORK
NEW
Sales for
Friday
Thursday
July 31
July 30
1 per share
9 per share
t per share
Wednesday
Tuesday
July 28
Saturday
33
Sep
13
14%
Oct
34% Mar
2
25 %
Oct
49 %
Jun
7% Feb
5
5Yi
Sep
10%
Jun
39% Aug
1
Jan
I
36%
38
37%
37%
37%
37%
381,4
39
39%
27 J/4
28%
25%
271/4
25%
26%
26%
27%
26%
27
38,900
57%
55
59
800
56
60
96%
97
24%
*96%
10%
25%
16%
23
9%
10 y4
25%
24%
9%
26
9%
9%
2534
25%
26
16%
16%
I6V4
16%
123
123%
*117
*174
178
174 '
174
*171%
175
9%
2,400
26%
1,700
16%
600
16%
1,800
42%
42%
42
42
123
9%
26%
16
16
42
44 %
126%
9%
261%
9
25%
16%
41%
431/4
42%
44
*122
24%
*231/2.
24%
24%
24%
540
24
24
500
174
123
121
121
174
*119%
174
174
120
4,700
f
100
series
ctfs
Stk
RR
Terminal
Illinois
Indianapolis
1000
A
Industrial
36%
37%
36%
36%
36%
36%
36%
17'/a
16%
16%
16%
171%
17%
17%
Inspiration Cons Copper
17%
16%
9,900
17%
7%
7%
7%
7%
*7%
7%
*7%
7%
2,500
Insuranshares
*7%
43
43%
43%
43%
2,100
Interchemical
*106
107%
106
106
4%
4%
4%
45
*106
14%
89
185%
29%
91
91
.
7%
94
*88
4%
4%
32%
31%
133%
132%
132%
133%
48%
50 %
471/4
106%
106%
*104%
500
7%
28
4%
4%
4%
4%
2,000
301/4
31
30%
30%
30%
19,400
190
134
*133
134
*133
133%
1061/4
47
*104
106%
106%
*131/4
13%
*13
1,300
14%
14%
14
114
115
115
58
55
55%
55
55
42%
41%
42
42
42
42
42
*41%
60
58
59%
58%
60%
60
62
60%
62
*34%
36 %
35%
*55%
*42
113%
'
58%
*54%
*34%.
3 6'A
12%
13%
12%
1234
12
1238
13 %
12
12%
37
24
24%
23
23%
25%
24%
24%
47%
47
47%
*152%
157
9%
9%
24
241%
101 %
10iy4
43%
45
44
50%
120%
121%
33%
34%
32
110%
>109
110
*109
;
25,800
12%
1,500
23%
23%
800
25%
24%
24%
48
48
31%»
110
*109
j
.
,
31%
*109
£
33%
33
33%
34%
31%
33%
32%
96
97
98
98
97
97
37%
37%
36
37
35%
36%
16% *
14%
15%
15%
15%
*96
36
Harvester—,
No par
5,000
Nickel-of
—100
International Paper Co
—15
$4 preferred ———-No par
Inter Rys of Cent Am
No par
5%
preferred '———
100
International Salt
—No par
International Shoe —
-No par
preferred
7%
Teleg——No par
—No par
Interstate
No par
Intertype Corp
;
No par
Island Creek Coal
1
share ctfs^
Dept Stores
Foreign
1
preferred
*14%
Jaeger
Jersey Cent Pw &
jewel Tea Co Inc
700
50
50
7,300
Johns
44%
45
*120%
123
200
vm
2,000
Johnson
20,000
24
57%
57%
IO7V4
*106%
107«4
23%
21%
22%
56
56
Jones &
-31
*109
^110
31%
ei25 5,
*
500
&
prefered
Chicago RR stamped—100
Laughlin Steel
No par
pref series A
100
&
5%
96 %
98
37%
37%
38%
9,500
Joy Mfg Co
15%
15%
15%
1,200
Kalamazoo
98
16%
*24
107%
22%
23%
16
16
16%
*15%
24
24
23%
*54
*16
24
24%
107%
23
130
23%
107%
3,700
300
56
*53
57
16%
16%
24%
600
16%
241%
25
1,000
19%
19%
19
19%
18%
19%
19%
19%
19%
19%
2,500
47%
47%
44%
46%
44%
46
45%
45%
45%
45%
11,600
44
44%
45
45
44%
44%
44%
44%
*441/4
45
900
25%
25%
24
23%
24%
24%
25
24%
25
8,600
'
%
25
109%
109%
108%
109
15%
*15%
16
*15%
16
15%.
79
79
109%
109%
*108%
16
16
15%
310
.
,
"
79%
*78
78
78
*108%
108%
108%
15%
•
32%
79
.
31%
32
32%
100%
33%
101%
81
*78%
79%
32%
32%
32%
101%
*101%
33%
34%
101%
101%
37%
37%
37%
37%
37%
37%
37%
38
37q4
52%
51%
52
51%
51%
51%
51%
52
52
50%
50%
49%
50%
49%
49%
50
50ya
49%
50%
101
101%
,
i
102
300
100
8,500
38%
52%
101
K
340
'
2,800
...1,200
2,700
Monday
July 28
July 26
I per share
9 per share
9 per
f per share
share
CLOSED
5%
5%
5%
5%
5%
5%
5%
5%
5%
8,500
12%
EXCHANGE
12%
11%
11%
10%
11%
11%
11%
11%
11%
1,100
30%
31 '
29%
30
„■
2,900
99 %
54%
54%
*52%
55
*53
55
*53
55
120
41%
41%
42%
43
*42
44
*41%
43
600
27%
26%
31%
12%
30%
12%
43
42%
31%
12%
53
53
*
31
%
31%
31%
*12%
26%
26%
26
26%
26%
99
99%
*97%
99
10%
10%
10%
11
102
*99%
11%
11
37%
36%
7%
2%
2%
*20
102
U%
12%
12%
40
6%
2%
37
35%
36%
6%
6%
6%
2%
2%
2%-
*20
21%
21%
6%
6%
40
*20
40
20
20
19
20
*6%
.
'
36
6%
2%
*20
-
19%
6%
6%
7
25%
25%
26%
600
12%
12%
12%
*6%
36
99
*97%
'
34%'
36
6%
6%
2%
2%
'
40
19%
7
*20
19%
*6%
3,100
3,600
,
40
1,400
20%
700
7
47%
48%
49
48
45%
46%
45%
46%
17%
21'
17%
*16%
16%
16%
16%
17
17
*16%
21%
20%
20%
19%
20
19%
21
20%
58
55%
57
55%
55%
55%
56
55%
55%
8%
9
G%
9
8%
2,700
20%
57%
9
47
9%
32%
91%
*191%
'*43
.
91%
192
8%
33%
33%
32%
33
*33
90%
88
89
88%
8G%
*89
191%
191
191
*40
43
43
43
57
54%
56%
57
57
56%
58%
27%
28
26
27 %
24%
24
23
%
*101
103
23%
103
*32%
,
900
1,200
*190
192
130
*41
43
'100
54%
*53%
54%
*53%
x56
56%
*55%
57%
57%
26
26%
26%
27
25%
23
101
190
NEW YORK
22%
23
21%
*101
Stores
fThe)
Prod Corp
Life Savers Corp
Liggett & Myers
Preferred
—
—
100
Liquid
3% %
Carbonic Corp
preferred
Aircraft Corp
22%
22%
22
22%
22
22%
14,100
69%
69%
69%
67%
*67%
68%
69
69
69%
1,500
Lone
21%
22%
20%
21
20
20%
20%
20%
20%
20%
4,600
19%
19%
19%
19%
19%
19%
19%
19%
Long Bell Lumber A
Lorillard. (P)
Co_.
168%
168%
*167
25%
25
167
19%
167
*167
168 %
25
25%
25%
25
25
43
46%
47
46%
47%
3,200
100
Loews
7%
No par
No par
No par
new.!
Lockheed
Inc
Star Cement Corp
preferred
_
& El A
Nashville
800
Louisville
Gas
2,700
Louisville
&
100
—No par
Co
Oil Co
7
—5
—25
Tobacco
Lion
Belt
1
5
No par
No par
Corp.-
Link
1,200
102%
.
Owens Ford Glass
McNeill & Libby
4,900
22%
102%
Fink
1,100
.
26%
*101
Corp
&
3,800
54
57%
Lehman
23%
23.
28 %
Aug
133
2
Sep
38%
95% Oct
Feb
42%
Feb
Feb
148
55%
113
Dec
Aug
26% May
11%
Sep
52%
Sep
70% July
36
5
Nov
101 %
Feb 20
58% Feb
Oct
Oct
4%
8
8
43% July 14
Oct
49%
July
125
Jan
62
July 31
39%
Nov
60% Aug
40
Feb
37
Dec
42% Aug
14%
7
17% Feb
11
Nov
11
14% Nov
11
23%
July
48
8
19
19
15
39 / Feb
4
22% Feb
50
Aug
Deo
163
Jun
8% Dec
—
24% Jan
--
---
108
July
Sep
153
Apr
111
May
Mar
31% Nov
99
Sep
109
140
8
59% May
—
—
101% Feb 18
38%.Aug 1
3
Dec
—
2
45% July 25
123% Feb 6
34% July 28
112
Jan 11
.
Dec
34% July
100
Dec
45% Nov
Jan
53
Apr
141
13% Feb 14
24% July 28
104% Feb 4
20
2
Feb
50
39%
July 24
153% July 11
2
31%
Dec
20%
25
17
20
Feb
31%
17% Feb
26% Feb
18% Oct
115% Feb
150 Feb
537/a Feb
108 May
34 Apr
36
17% Oct
10
May
5
108% Mar
18%
Oct
40%
Jun
58% July 24
45
Sep
67
Jun
17% Feb
13
15
Dec
26%
26% Feb
8
7
28% Feb
11
Feb
20
19%
Feb
34% Jan
30
Jan
60% Apr
55
May
30% Aug
Sep
11%
Nov
20
Feb
7
15%
Dec
Feb
85
108 %
Jan
6
82
Dec
Oct
26%
34% July 24
101% July 25
96
Dec
39% July 11
33
43
108 %
Dec
29
100
Jun
Aug
46
101
Jun
Sep
Nov
Sep
59
Feb
4
51% July 15
45% May
62 % May
65% May
43% Oct
Range for Previous
Year 1946
Highest
Lowest
f per
S per share
share
,
,—Nopar
100
1
No par
—No par
No par
1,
10
100
No par
—50
7'
3
9
44
Jan 31
14% Feb 8
56
Feb 8
56% Feb 13
30% Feb 4
101
Apr 2
12% Feb 13
44 % Jan 9
4% Mav 19
10% July 30
28
May 21
10
May 20
49% Jun 19
38
May 15
21% May 19
97% Jun 13
—,
22%
page
Aug
11%
share
$ per share
V
Co__
24
2:2
101
——
S per
4
La Consolid 6% pid
75 Pesos Mex
Lambert Co (The)
No par
Lane Bryant
—-No par
4%%
preferred
-50
Lee Rubber & Tire
5
Lees (James) & Sons Co
3
3.85% cpm preferred
.100
Lehigh Coal & Navigation Co
10
Lehigh Portland Cement
25
Lehigh Valley RR —
50
Lehigh Valley Coal——No par
Non-cum
preferred
—50
$3 non-cum 1st pfd——No par
50c
non-cum
2nd pfd——No par
Light
Gas
Laclede
69%
footnotes
Dec
Range Since January 1
Lowest
Highest
\
Par
23%
For
90%
116
40% Apr 29
EXCHANGE
7,800
x45%
29
Apr
-
STOCK
Lily Tulip Cup Corp__
Lima
Locomotive Wks;
'
47%
Jun
Jan
Jan
12%
46%
45
13
12
47%
Sep
116% Feb
12%
47%
27
Sep
12
168%
20
21% Nov
12%
*25
Jun
32%
12
25%
15%
41
12%
169
Oct
2
12%
19%
Dec
6%
13
12%
25
Apr
175%
13
12%
*167%
202
12
11
52% Jan
Libby
44
23
Jun
27% Feb
Libbey
190
101
102
49% Feb
Lerner
*41%
53%
66% Nov
July 14
39
Apr 15
22% Jan 16
104% May 19
11% May 20
65%. Jun 17
25
May 19
95% July 14
34 : Jan 16
45
Jun 3
3,000
90
•
Jun
41 % May 17
7,600
Feb
250
1
Lehn
Feb
Jan
195
13
No par
—
:
Keystone Steel &
2,600
33%
90%
191
44%
700
9
*32 %
33
.
17
8%
56
*101
46%
40
1,900
6 %
2%
1,300
4,400
11%
10%
-
38
7
10%
12%
20%
Wire Co
No par
Kimberly-Clark Corp
—No par
4% conv. 2nd preferred
100
Kinney (G R) Co
1
$5 prior, preferred .—-—No par
Koppers Co Inc
——10
Cum pfd 4%
series
;
100
Kresge (S 8) Co
i
10
Kress (S H) & Co_
No par
Kroger Co (The) ——-No par
r
,
Kennecott Copper
l
5%
STOCK
May
13%
Oct
20% May 17
13% Jan 2
B
Shares
share
112
Dec
53% Jan
2
106% July 21
16
Feb 18
16
May 17
47 % May 19
13% May 19
.
Class
the Week
Aug. 1
9 per
May
5%
STOCKS
I per share
Feb
11% May
59
10%
136% Apr
105% Jun 26
non-cum
•
July 31
July 30
Juiy 29
22%
11
Feb
5% Feb
14
Jun
Jun
City Pwr & Lt Co—
preferred—
—
100
City Southern———No par
preferred
100
Kayscr (Julius) & Co——
5
Kelsey Hayes Wh'lconv cl A
1
4%
105
Mar 21
36% Feb
17
14
1#
Sep
13%
44%
96
23
2
19
26
17
25% Jan
3.8%
Sales for
Friday
Thursday
Wednesday
Tuesday
'
& Furn
Nov
Aug
—
1
Stove
Sep
35 %
Sep
33%
Jun
Aug
31
27% May 17
x93
Jun 3
Kansas
LOW AND HIGH SALE PRICES
Saturday
100
new—,—_12%
ser A——100
—
Johnson
2nd
4%
34
preferred
3%%
Joliet
—
33%
34 %
*106%
57%
*54
25
16 %
v
107%
22%
107%
23%
39% May
37 ' Jun
-110
May
25% May
107
May
7%
9
Jun
54
151%
190
10% Feb
24 , July 28
99% May 27
*
8
168% Mar
Jan
186% Jun
6% Jun lo
common_No par
Lt 4% pia—rOu
——No par
Manville Corp new—No par
Machine Co
600
210
Kansas
107%
1
Co
(F L)
Jacobs
24%
13
Feb
95
13
143% Jan
Oct
Jan
225 % Feb
100
Jun 3
9
May 19
104% May 16
&
Telep
Intern'l
Sep
5
7
May 19
46% Apr
37% Jan
40% May
32
Jun
9% May
9%.May
19
Apr
20
May
38% May
36
4
15% July 24
22% May 19
84
Apr 23
3% May 17
x29% May 19
130% July 9
38% May 19
125
.—25
International Silver common
,
16%
.
Preferred
101%
-
110
5
100
*23%
122
6
Mining Corp.,
1
Canada
-No par
International
Int
& Chem__i
Min
Jan
22%
18
108
176% Jan 2i
25
preferred
4%
70
36
Sep
116
17
Sep
11%
Feb
8 %
3
100
——:
101%
24
101%
*125
*125
International
Feb
Jan
May
23
25'
July 17
50
192% Apr 29
$6
9%
*9
9
200
1,300
158
*153
157
44%
44
**120
122
31
>125
*125
100
12%
51
51
43%
*119
34
*23%
101%
50%
43%
44%
120%
121%
8%
8%
24%
*101
51%
*152%
101%
*23%
24
101%
48
157
6,600
35%
*241/4
8%
9%
8%
*23%
101
51%
51
51
*152%
157
400
42%
12%
12%
*23
48
48
400
55
*12%,
37
13
■
190
•
-
48
12%
*12%
25%
*241/4
47
55
23%
23%
*25
55
112%
112
23%
*34%
12%
13%
*35
114
*112
114%
*13%
*152%
200
106%
*105
14
25,600
43%
47%
47%
*104
48
46
No par
Hydro-Elec Sys class A
16%
17% Feb
7
Jun
5
35 % May 17
105
May 2
No par
Preferred
Jan
Oct
6%
40% Feb
19
Machine
6,200
100
Apr
Int'l Business
Iron
37%
45
May 19
9% May 19
Interlake
Apr
14% Oct
133
12 % May 19
100
99%
180% Feb
May 27
July 29
33
—No par
Sep
17
1
Rubber
International
89
107
174
-No par
87
30% Jan
14
„20
Inc
Corp
preferred
Int
28%
*85%
14
15
14%
114
460
4%%
Intercont'l
4,600
G
28%
90
9,100
184%
'
48%
.
14,500
90
88%
Xl84%
7%
27%
4%
30%
31%
*216
*85 %
4%
30%
*132
13%
90
4%
4%
1,300
220
29
27%
*85
4%
13
88%
7%
70
107
4%
185%
185
1£'5%
7%
29%
29
29%
215
87%
88
185%
7%
7%
215
217
43%
43%
107
13%
13
13%
87
90
186
85%
8%
xl3
*211
217
88%
91%
185
8%
14%
214
216
4%
4%
13%
4%
14%
.
107
%
4
4%
*212
44%
43
107
44%
Ctfs
Jan
May 13
10% July 17
x35% May 20
-No par
Inland Steel Co
Jan
85
25% July 24
12 % Jan
1
—No par
—100
45 %
Oct
16
23% May 19
—
Oct
Jan
No par
Rayon
Ingersoll-Rand
6% preferred
Apr
18%
41
96
& Lt
Power
44%
7
1
21
7% May 19
Industria Electrica De Mex, S A
Sep
Feu
Aug
Jan
5
37% : 37%
*106
15
-
Co
RR
37
7%.
93
31%
30
6Q
"May 19
18 % May 19
37% May 21
100
4%
lines
30
100
Co
RR
preferred series A
6%
Leased
97
*96%
97
*96%
97
*96%
97
59%
*58
57
57
55
Central
Illinois
20
Co
Power
^
14
9%May2o
30% Jun lo
\ 4% May 17
1% May 19
Feb
Jan
8% Feb 7
3% Feb 11
59%
11
35
96%
21
16
29% Mar 15
78
May 19
181
191
Apr 16
40
May 19
47
Apr 14
25% Aug 1
Jun
May
May
May
12% May
17% Apr
165% Jun
25
May
40
May
9
17
19
19
19
16
26
23
14
v
30% Jan
109% Feb
20 Feb
27 Feb
79% Feb
22% Feb
21% Jan
172 Jan
29% Jan
53 Feb
Nov
20%
Sep
52
Dec
102%
Apr
49
Sep
-
Oct
82
Apr
10% Nov
17% Jan
34%
Sep
55% May
6%
Sep
17%
Jan
5%
Jan
18 %
Nov
38% May
6%
Oct
15%
Apr
10
41%
Oct
65%
Jun
6
21%
Oct
33
8
21%
Nov
May
44% May
43
Nov
74%
Jan
10
Oct
15%
Apr
28%
Oct
37%
83
Sep
102
183
Dec
210% Mar
10
3
3
2
25
28% July 24
19% May 17
13%
May
64
43% July 17
62% Feb 17.
60% July 14
33% May 27
99"%
10%
20 ,
58%
Feb
Apr
Apr
Jan
July
68
Jan
25% Feb 13
9% Feb 11
50% Feb
24 Jan
25
Feb
14%
Sep
Oct
14% May 19
19
3
17
Dec
2%
—
38% May
14
Jun
17
May
46% May
8
May
Jan
Sep
49%
—
5% Jun 17
9%
5%
11%
38
9
4
20
13
5
8
3
29
31
7
Apr
Jan
May
65%
Apr
44
Nov
88
Jan
43
Oct
66
Feb
Nov
43_%
•Jan
37% Dec
23
%
99
Dec
120
Aug
18%
Dec
45%
25%
Nov
41
Apr
64
Jan
94
May
17%
Oct
X20
Nov
166
Dec
35
31%
197
Jan
Jun
Jan
Aug
24%
Sep
32%
Jan
45%
Oct
73%
Feb
.Volume 166
Number 4617
THE COMMERCIAL & FINANCIAL CHRONICLE
LOW AND HIGH SALE PRICES
Saturday
July JJ6
Monday
July 28
Tuesday
9 per share
I per share
I per snare
25
27 y2
27
*100
101
181/2
x23V2
25
100
18%
9 per share
24
100
xl8
'/„
101
18%
24%
101
Lowenstein
3,000
cum
Steel
9 per share
& Sons Inc——1
pfd 6eries A
4Va
Lukens
300
,
(M)
Co
Range for Prevtaut
Range Since January 1
Highest
Year 194®
Lowest
Par
6,200
18%
17%
STOCK
Shares
share
100]/2
18%
YORK
EXCHANGE
the Week
24%
24%
101
18 Va
9 per
NEW
Sales for
'
Friday
Aug. 1
July 81
9 per share
101
18
Thursday
July 80
27
99
•
19%
STOCKS
Wednesday
July 29
(479)
100
97
Jan
Highest
tper share
I per share
27% July 24
17Va May 19
20 ¥a
31
101
13,% May 17
—-——.10
Lowest
20
Nov
July 29
1
97
Deo
Mar
14
Sep
6
$ per share
43% May
108
July
303/4
Jan
M
STOCK
39 ¥2
*38
EXCHANGE
*15fr
CLOSED
38 ¥4
158
55
38 ¥4
148
52
54 ¥4
*38
151
39%
*145
39 ¥4
151
35 ¥4
*145
151
51 ¥4
52
51%
52 ¥2
35%
34%
35 ¥a
36
353/a
35%
35 ¥a
*107 ¥2
108
107 ¥2
107 ¥2
*107 ¥2
108
*107%
*13%
14
*13%
14
13%
14
193/4
19 ¥2
19:
15 ¥2
15 ¥2
*420
183/4
15%
*420
8 ¥4
12 ¥4
28
27
27
19%
19
18%
CO 0
*26
460
7%
Magma
3,500
.
12%
28
*26
123/4
*12
12%
28
*26 ¥2
28
Mandel
4%
4%
4%
25%
x24%
25 ¥4
23
243/4
23 ¥4
233/4
23%
7¥a
73/a
7 ¥4
7 ¥4
7
7 ¥4
7¥a
7 ¥»
7 ¥a
7 ¥4
11%
ll3/«
11%
11%
S90
4%
4
¥4
4%
"
11 ¥2
113/4
11%
11%
11%
293/4
30%
283/a
29
27%
111
*111
111
112
11%
<
28%
*111
28%
112
16 ¥a
15
15%
14%
15%
20 ¥2
22 ¥2
20%
21%
20%
20%
54%
55
55%
55
18 ¥4
18%
18%
32
30 ¥4
32 ¥4
*188
192
47 ¥2
101 ¥2
10 ¥2
43 ¥a
30
29
94%
28
10%
■1
43%
*26%
27%
26%
54 ¥2
54%
x53%
37
37%
36%
105 ¥a
22%
22%
*21%
22%
*21
29
*26 ¥2
28
*26
*27 ¥2
104
104
103%
47
10%
43
423/4
260
43
43
27%
53%'
37
*103%
28
20%
48
46%
46%
24%
24.%
20
18 ¥2
19%
18%
60 ¥2
58 ¥2
58%
59%
17
16 ¥4
16%.
15%
44
42%
42%
*42%
55
56 ¥2
*54%
993/4
993/4-
100
43%
44 ¥4
111
111
15%
15%
43%
43%
*36
37%
138
139
13
13%
11%
12%
56I/2
109
56%
109
55
*110
*99%
43%
14%
35%
139
12%
10%
56%
109
,
351/s
54%
*99%
.15
...13
35%
10%
11
110%
61
62
61
61 Va
10%
11%
10%
41%
43%.
6
40%
61/4
114
xll3%
42%'
5%
39%
5%
110%
60 %
10%
10%
114
'•40%
.
5%'
19%
20 %
17%
19
17%
4i%
39%
39%
40 V
40
5%
18%
41
10%
10%
10%
10%
*28%
30
28%
28%
62%
63
60%
62%
*123
128
63%
27%
64%
27%
123
61%
26%
10
18%
*39%
*
,10%
10
*27%, -28%
120
63%
j
60
120
'.121
60%
62
26%
27
*27%
■
60 Va
57%
123
39%
27%
60%
27
114
114
„
:•
•
40%
•
41
.
5%
5%<
18%
40
41%.
*
38
;
10
29
10
;•
II,100,-
123
61%?
27 %
200
61%
123
62%
230,
7,900
\
2,200.
29%,
603/4
122-
Min
Moline
700
26%
1,000
,
62
27
II,900
5,400/
$6.50
&
Mission
Mo-rKan-Texaa
-
7%
13
12%
12%
11%
12
12
12 %
22%
20%
21%
21
21
3,600
Motorola
21%
23%
21%
22%
22
22%
Motor
22
223/a
1,200
Motor
Wheel
20%
20%
20
20%
2,500'
Mueller
21%
20
21
20
20%
21%
18%
20%
19%
20%
106 Va
*105
*12
12%
39
38
*110
13%
*39%
106 Va
12
*38%
110% •
,*53
*105
110
*105
12
38%
13%
12%
*39%
53
20%
106 Va
11%
*105
12
*11%
38
38%
*110
110
41%
54
26 %
*56
110 V2
13%
37%
*110
20%
106 Va
12
58
s
26
21%
19%
20%,
12
37%
38
110%
*110
38
9,600
V
1,700
12%
12%
123/4
*39%
41%
*39%
53
*51
*517/a
20
13
2,400"
41%
100
Saturday
Monday
Tuesday
July 26
July 28
July 29
t per share
Thursday
July 30
J per share
48 Va
Apr
Sep
69
Jan
44
Jan
6
39% Nov
66 Va
Jun
2
105% Feb
20
102
Dec
25% Feb
21
20
Nov
31 ¥2 Feb
8
22
Jan
.
23 Va
5
5
20 ¥4
1"
1
-
Sep
Dec
30
July 28
July 31
f per share
tper share
Friday
Aug. 1
Sales for
I per share
113 Va
18%
Feb
45% May
Nov
62 ¥2
6
140
Oct
.
Maf
14¥a Jan
1-16
;
July 20
43% July;28
26% Mar
68 ¥4
40 ¥4
Apr
8 ¥2
7
■
Oct
Apr
119% July
Deo
60
18% May
Sep
129
Mar
28
Sep
44
May
5
¥4 Oct
100
;
17 3A
Jan
25% Feb
7
19
Oct
52
Jan
51% Jan
2
42
Deo
70
Apr
Feb
8
i
3
May 19
13% Feb 14
Jun
32
6
v
Feb
17
63% Feb ; 3
128% Feb
4
64% Feb
8
28 %
■
July 25
57% Apr
5
t
11% Dec
23% July
28%
45
Deo
Apr
•43 ¥4
Sep
64
Deo
111%
135 Va
Jun
57 ¥4
Sep
Dec
20
50
104 ¥4 May
Nov
30%
Apr
¥a
Sep
62
Jan
26^2 July
24% Feb
7
15%
Oct
34 ¥4
27% Feb
3
19
Oct
36
1
13% July 14
17% May 19
14% May 19
103% May 26
May
35
Apr
108
Mar
*
9% May
37% Jan
50 ¥2 Jun
10
No par
Deo
Oct
.
105% Deo
July 16
July
14%
Oct
9%
45
7
Jan
173
10% Nov
4
17
May 19
193/4 May 19
100
10
50
Feb
31%
32
12% Feb
May 16
9 ¥2 May 19
1
Apr
Oct
lOVa
4
66%
28% Mar 11
29
25
.
■
21% July 24
107% Mar 14
14 ¥4
14
10
13
10
32%
108%
112
26
¥4
Sep
22%
Oct
102
15 Va Feb
40% Feb
.
Jan
May
Mar 28
109%
Jun
Feb
27
Va Aug
49
Sep
Oct
May
Jan
29
17
15 ¥2 Feb
11
9%
Oct
22
2
44% Feb
13
33 ¥a
Nov
55 Va
Feb
56
29
50
Dec
70
Jun
10
Jan
Jun
114V4
Jan
Jan
Range for Previous
YORK STOCK
NEW
the Week
Oct
52 ¥a Apr
77
May
110% July
61 Va Jun
Nov
397/a
104
5
32% July
24
—1
—
Jun
Jun
97
114% Feb 25
52% May 19
,—5
preferred
Myers (F E) & Bros
35 Va
105 Va
18% Deo
36% Sep
14% Feb -24
.49 Ys May 17
No par
-
.
Nov
Oct
54
66% Jan
•
110V4 May 16
.1
class B
26%
Oct
Nov
.
3
'156
-
3% May 19
—3
Munsingwear Inc
Murphy Co (G C) com
4% % preferred
Murray Corp of America
Aug
45% July 23
.11% May 1932% May 19
1,
57 ¥4
42% Feb
Jan 13
26 4
Aug
3
18VaMai<
May 10
8
Apr
107 ¥2
10
47 Va Jan
Jun
36
30%
65% Jan
111
Apr
Oct
47 ¥2 Jan
103 Va Mar
33
Apr 30
29% May 19-
18
Feb
357/a
Sep
Oct
43%
103
19% Jan 28
3
104
No par
Co——:
Mfg Co
preferred
Feb
1087/a Mar
Sep
;
18%
11
50
Mar 21
7
Ct>
—
Mullins
July 14
-
105 Va Feb
51% Apr 16-
' Corp——No par
Corp.——-—5
Brass
30
STOCKS
Wednesday
Range Since January 1
Lowest
EXCHANGE
Shares
Par
Year 1946
Highest
I per share
Lowest
t per share
Highest
1 per share
$ per share
N
17%
18%
17
18
16%
17%
25
25
23
24%
23
23
27 ¥2
273/4
27
27V4
12%
26%
26%
12'/a
113/4
12%
11%
113/4
11%
113/4
11%
11%
17%
11%
12%
12 Va
32%
31%
32%
32%
*185
323/8
188
*233/4 1
*185 *
24'/a
*23 Va
23%
180
26%
27%
1,100
12
12
12
3,100
ll3/a
32%
31%
23%
27
11%
12 ¥2
323/4
23 ¥2
27
11%
13 V4
32 ¥a
17 ¥2
*23%
11%
*123/4
12%
*31
17%.
'
32%
317/a
*185%
32'/a
32%
188
*185 Va
21,600
Nat
1,400
National
Aviation
400
National
Battery
16,200
National
Biscuit
*31
32%
190
24V2
10%
23 y2
23 ¥2
23 Va
23%
10
10
10%
10 Va
10 %
41%
40
¥a
41%
40%
40 %
9%
9%
393/4
40%
40%
*l85¥a
32 ¥2
190
1%
413/4
*143/4
31%'
32
9%
9%.
39 Va
93/a
9
40%
9
*23
10%
*40
Automotive
23%
200
10 ¥4
5,700
-
Nat
&
40%
133/4
14 Ve
Nat
Nat City Lines
National
Cash
15%
15%
15%
15%
14%
14%
7,100
15
15
33'/a
32%
33%
32 y4
1,400
33%
32
33 ¥4
National
19 Va
32%
19 Va
18 ¥2
33%
19
18
18 y4-
7,100
18
18'
17%
17%
21%
21%
Inc
21%
22%
21
383/4
38%
39
20 V4
¥4
39
33%
21
19
*104
105%
34
189
190
152
33 ¥4
153
73/4
20%
187
lVa
19 ¥2
1 Va
84
83
233/4
23%
19
20
18%
19 ¥4
333/a
186 ¥2
154
*151
33 ¥2
187
154
*41 ¥2
193/a
104
33 ¥4
186 ¥2
*151
7%
7 3/4
73/4
7%
734
193/4
19 ¥2
19 ¥2
193/4
lVa
833/4
23 ¥4
19 ¥2
105 ¥2
19 ¥a
iy4
83%
19
*104
188
*151
20
23
42
19 ¥2
33 ¥4
*186
7%
40
21%
105 ¥2
33
154
7%
1 Va
18 ¥2
33%
21 ¥a
40
*104
187
*151
8
21 ¥4
21 ¥4
*39
20 Va
104
104
21
21%
1%
l¥a
1 Va
1%
82
.
83
*23
18
*
3,200
-
24,100
400
19 ¥2
7,500
-
34 ¥4-
210
5,400'
200
154
60
l¥a
14,900
823/4
83
3,500
24 ¥4
24 ¥4
1.000
¥4
19 ¥4
19%
20 Va
20 ¥4
19%
20 ¥4 "
18%
19%
183/4
19%
20
20 ¥4
96
20 ¥4
20 ¥2
97 ¥4
97
97%
97
97 ¥2
97 ¥4
97 ¥4
27
27
27 Va
27%
273/4
27
273/4
26 ¥2
15
15
14%
14%
*14 ¥4
143/4
12 3/4
12%
12%
123/4
12%
see
12 3,4
page
23.
27
*26
'
14%
15 ¥4
15 ¥4
123/4
13
13 Va
Enam
$4.50
16
Oct
14% NOV
16 ¥2 Jan
6
14
7
10
313/4 July 18
13
9Va May 19
10y2 May 19
Va
Dec
28 3%
Jan
24
Jan
13
20%
Oct
34%
Apr
27
Jan
13
32% July 28
34 y4 Feb 15
25 ya
Oct
37% May
181
Mar 26
21 ¥2 Jun
•1
—10
No par
-1
187
Feb
207/a May
Sep
=Jun
27
Nov
205 ¥4
2 6 ¥2 Feb
10
-8% May 19-.
13
22 ¥2
Oct
32%
13% Feb
9¥a
Nov
Apr
21% Feb
45%
180
41% Apr
7
2
31
Nov
83/4 Jun
16
14% Jan
7
13
Oct
32 V4 Jan
13
42% July 24
24
Feb
l33/4 Aug
33.
May 19
,
Apr
Jan
24% Aug
Dec
38%
1
14 ¥a Aug
1
13 y4 May 16
17% Feb
21
15
Oct
23
27 Va May 19
38
Jan
,3
30
Sep
45 ¥4
Aug
Apr
143/a May 19
20 ¥2 Jan
6
15%
Nov
34 Va
Jun
17% May 19
30% May 26
&
National
Stamping.-—Nq par
Co
—1
preferred
No par
Lead
22% Mar 28
5,500
-
360
14% May 19
preferred
6 %
preferred
Mall
103
10
Co.
7%
A
B
-100
183¥2 Jan
150=
Service
& St'l
Corp——.1*
Cast Co..—No par
"6%
National
$2
Sugar Ref Co
conv
4 ¥2%
(The)
preferred
—
_
•
Co
.10
153/a
2,000
Nat Vulcanized Fibre Co
13%
1,400
Natomas
Tea
Co
.1—1No par
35 ¥s Jan
190'
167
July
'
Jan
8 Va Apr
313/4
Nov
67%
Jan
16%
Oct
33 ¥4
Jun
102 Va
Oct
108 ¥2
40%
9
27
Sep
9
178
Dec
207
Oct
Jan
173
28
Apr
July
7
6 ¥2
Nov
Apr
10% Aug
31
20¥4
Oct
41%
2
8
28% Jan
Jan
32% Aug
2
1% Jan
•
19% NOV
15
19
91 ¥2 Feb
*149
1¥4 Aug
75
Sep
Feb
2 Va Sep
101% July
10
25 ¥4
Dec
38
Apr
13
'20 ¥4 Aug
1
11%
Nov
25
Jan
15 ¥2 May 17
20% Aug
1
16 ¥4
Deo
32
Jan
88
973/4 July 30
29% Jan 24
89
Nov
106 ¥4 Mar
21%
Oct
42% May
17%-Feb
10
1434,
Nov
24¥2 May
13% Jun
13
10V8
Sep
15
'
i—100
National
16
Feb
28
123/4 Jan
—10
—40
preferred
1,400
Mar 20
Jan
Feb
25% Jan
74% May 26
21 % May 17
No par
Pa
6
42
107
16% May 20
1% May 20
National Power & Lt ex-dist.No par
National
Steel
Corp.
—25
National Supply
Mar 27
253/4 May 20
__100
-
43,000
No par
Gypsum
conv
National Linen
24 ¥s
97
Nat
National
Nat
82 ¥2
193/4
¥4
11% Jun
13
1
——1
National Distillers Products
1,800
82%
96%
3/4
Jan
41% May
34% Jan
———--:■—1
Co
1
No par
5
—
2,400
•
20
*23 ¥2
2734
52 Va
Sep
Cylinder Gas
Dairy Products..
National Dept Stores
Nat
-
187
73/4
Oct
May 19
27
Jan
■
43%
104
.
Container—
New
15i/4
32%
23
6
-100
No par
Corp
Corp
Register
4,000 *
Jan
13
30
common—-10
Can
3.000
93/a
Co—
Share
25%
293A Feb
5
4
Inc
Corp
preferred
Bond
National
"
7,400
9 ¥4
Fibres
Co
7
May 24
21
-1
Airlines
3,600
40%
41'/a
National
11 %
19% Feb
10
-1
Co
12 y4
11
9%
Acme
11%
41 Va
41
National
14May 19
100
—®
Corp
Nashville Chatt & St Louis
12 ¥4
10%
.
Nash-Kelvinator
13
'
187 Va
173/4
11%
32
40 3/4
footnotes
t
i—.No par
Inc.
LOW AND HIGH SALE PRICES
*
46 ¥4 May
Sep
6% May 19
147% May 27
103% May 29
l
+1.25
(John). & Co^-
4%
54
Sep
23%
44
10% May 19
.-100
i
Apr
1
136% Jun
20
pfd
/cum
Morrell
$7
600
■
110%
12%
41%
53
400;
106
12
12%
,*51
$2.50
26 Yt
*105
*39 ¥2
41%
53
*
"12
12
,
20%
For
<
Products
22 Va
21%
22%,.
4.100
22%
58
*25
May
8
Montgomery W»rd & Co.—.No par.
49 4 May 19
Moore-McCormack Lines Inc.—20% Jan 3
26 Va
21%
CLOSED
.
No par
Mills
Apr
43
122
Feo
12% May 19
—1
Monsanto Chemical Co common—5
$3.25 preferred series A—No par
22
STOCK
10
71
Oct
Dec
25
102 ¥4
July 15
32
35% May 21
Jan
6
No par
Monarch'Mach Tool
26%
7
44
9
105
A——100
Mojud Hosiery Oo Inc
26%
21
56% Feb
41
'—No par
RR
Carpet
23
EXCHANGE
series
preferred series A-i
Mohawk
12%
I per share
i
10
58
*55
Mar 14
May 17
97 ¥2 Jan
No par
—100
Corp—
*26%
:
Sep
33% Feb
107 3/4 Feb
43 ¥2 May 19
pfd.100
preferred
♦55
58
42
48% Jan 23
May 26
May 22
18
_B
pfd
26%
*55
Mar
61
__5
Mfg—
58
'
118
8
1
Power Impl
26%
»55«/2
Jun
6
No par
Petroleum;
conv
Minn
13,900
10
*273/8
61%
-3.20%
1
Minn
14,900
111
7
No par
5%,
38%v"
4
73
Minn Sfe P & SS M A vtc
18 3/8,
18%:
4
Jan
24% Jan
Minn-Honeywell Regulator——j—3
1,500.
114
113
25 ¥2 Jan
Noipar
6,400
10%,
Jun
May
May 20
No par
1st
cum
Nov
17
55
16
May 19
55% May 17
13 Va May 20
Copper—
97
Oct
20
Co
Dec
Nov
Sep
16 Va May 19
883/4 Jun 23
1
preferred.
Minneap & St Louis Ry..
120.
t. 60
10%'
Co..
70
May
112¥a May
Dec
93%
1
1,900
-
97% Mar 11'
383/a May
204 Va
103
Jun
2,800
,
>M10%,
60
8%
-
25
Sep
Jan
Nov
45%
44
:
Edison 3.90%
Mid-Continent
Feb
24%
195
—50
Midland Steel Products.*
1
1,000.-
67
—10
preferred
Machine
Miami
230
11
57
*109
,
400
03
.
Mesta
8
17% May 20
25
May 16
100
Trans
cum
Metropolitan
6,800
139
Min
23
9¥»
102
-.3%
&
10
Jan
45 ¥•
35
50
$3.50
2,000.
.
36 ..\
.
*10%
60
-
114
5%
•
Apr
8
24
No par
Merck & Co Inc—
500
,
Co
Mercantile Stores Co Ltd
20
44
13
*109
10%
44%
110
36
57
11%
*112%
Jun
75
Jan
106
351% May 19
1
preferred
400
139
11
56
62%'
Co
Corp
(The)
1st
conv
Merch
200
1,200
42%'
1
5%
2,500
15 y4;. 153/a
,
13
57
Co
55
110
35%
139
Shoe
Mengel
,
Inc
preferred
Melville
100
102
*43
.
2nd
1,300
42%
55
44%
10%
*109
11%
115%
30%
4
24
No par
Stores
4,200.
16
*99%
112
56
109
62%
114
55
*12%
11%
Oct
Sep
,
Feb
100
1
McQuay-Norris
-
•
preferred
18%
16
101%
138
56%
Feb
12%
48
2
Jan
1
Mead
4,900
61
*42
42%
35%
$4
24%
18'Va
15
138 %
*12%
243/a
42%
35%
12%
45%
49% Feb
.
30 ¥a May 19
McLellan
28
20%
*57
34%
„
42%
*138 Va
139%,.
Sep
108 ¥2 Mar 20
>
No par
Robbins
4%
15%
54%
41%
31
12
18
&
100
18%
*110
43%
Apr
6
Jan
112 Va Mar
50
McKesson
I,400
47%
42
112
15%
57%
Sep
6
Jun
46% May
*45%
15%
*110
112
15
Nov
*109
19% July 17
Juri 24
_5
280
62
*43
42%
.
30%
Jan
8
9
33
May 19
VU May 19
100
Co
98
42
43
Pub
*96
24%
18%
*57
101%
t
300
20%
I
Co
Mfg
Corp
4(4% preferred
16
43
Electric
McGraw-Hill
300
22
*26%
42%
54%
100%
43 ¥a
24
18%
*42
Jan
13
190
Mar 12
Mclntyre Porcupine Mines
I,300
*
No par
preferred.
47
*45%
59%
=
108
*21%
20%
42
No par
No par
———
cum
99%
*97
24%
*103%
28
20
99%
36%
37
22
*26%'
20
*97
19 ¥4
20%
34
91
preferred—+.
McGraw
800
273/4
54
100
par
1st
Corp—„—
McCrory Stores Corp
3 ¥2% conv preferred
1,300
*53%
105%
*21%
43
273A
NO
„
McCall
700
99%
17
Oct
111% July
May 17
39 Va May 19
No par
pfd
cum
185
5
$3
.
1,000
27
;
1
No par
—100
'
$6
29%
37
22
60 ¥2
200
102%
22%
24 ¥4
423,4
Wks
Maytag Co
2,300
102
29%
53%
103%
$3.40
110%
*29
99
24
10 3/4
(new)___
Dept Stores—
$3.75 preferred.
:
30
43%
43%
*110
Co
Alkali
preferred—
May
490
95
*10%
43%
7%
2,100
101%
*94
110%
Master
Mathieson
20
,
47
101'/a
95
2,800
2,400
188
*46%
101%
Elec
18%
31%
18%
31
188
102
21
.
11V*
63 Va Jan
99
24
Feb
4
39¥2Mayl7
ifci/4 July 23
24% May 27*
22 ¥4
*46 ¥4
11%
No par
99
49
20
Deo
Masonite
22 ¥4
*46 ¥2
14
Jan
"7%
1,600
18%
Jan
46% May
1
553/g
31
26 ¥4
Sep
55%
188%
Oct
Nov
626
3%
55
*42
37
105 ¥a
__1
Corp
Sep
Aug
Apr
12%
22% July 25
'
173/4
34% Feb
May 19
22V* May 19
109
Co
Nov
30 ¥2 May
13% Feb
9
——100
(Glenn L)
*17%
17
8% Feb
Jan
1634
Jun
87/a
10
27% Feb
Jun
May
111% Apr
Oct
520
4
5 Va Feb
160
26
18
32% Feb
14
14 ¥2 May 19
42%.
,54
38
14% Feb
106% Oct
12 % Sep
16 % Sep
13% Deo
2
No par
102
27
55 ¥4
17
Martin-Parry Corp
*28%
43
38
Jun
12 (4 Jan
6,800
10%
29
543/4
,
455
4,300
*42%
102 %
42
1
15%
*110
43%
29
6
18% Aug
21%
94%
42%
102%
preferred
1
21 % Mar
15%
46%
110%
43%
29%
4(4 %
65
21 Va
101
10'A
42%
*110
102%
42
44
*26 ¥2
*93
42%.
102 ¥2
102 ¥a
43
47%
44
St Ry 6% prior pfd
100
Marshall Field & Co—;
No par
50
Nov
19% May 28
6% May 20
5
Market
2,700
37%
21%
30%
101%
110%
42%
43 ¥4
30
102 ¥a
46
10 %
*43
*110
29
112
*111
7
Mar 28
15% Feb
17
3V2 Jan
6.25
Corp
76%
41% Jan
May 17
9% May 19
24% May 16
1
—
Oct
Martin
188%
101
10 ¥»
10 ¥2
110 ¥2
Marathon Corp
Marine
Midland
38%
15%
'
18%
30 Va
192
<94%
*93
44
*423/a
*110
47%.
8,100
.
42% May
8
54%
101 %
100%
94
*188
v
Exploration—;
Maracaibo
Jun
Sep
Deo
21
111
6
No pat
3
Shirt
Oil
4,700
.
455
32
140
Apr
56% Feb
21
18%
<
30
192
47
48
18%
31%
*188
101%
94
55
18%
24
28%
112
15
4%
4 ¥4
29
*111
16
55 ¥4
50
1
Bros
Manhattan
8,400
¥4
152
16% Apr 14
12 ya May 13
.
Mahoning Coal RR Co—
Sugar Co
.
200
4¥4
25 ¥4
4
10
1
Manatl
300
7%
7¥a
39% July 31
13
413/4 May 19
30Va May 19
107 Va Jun 20
11% May 19
Magnavox
-
Mar 12
Jan
No par
—100
No par
'
*12
34
140
No par
*
Copper...,
Co. (The)
1,500
4.80Q
/
10
<—100
;
Inc—
Co Inc
pfd series .A
Madison Square Garden
460
*430
7%
preferred
Trucks
4%%
400
19
17
Forbes
&
Macy (R H)
100
:
.
13%
*13%
137/a
1
17
8
*12
108
6%
Mack
2,900
34%
35
18%
&
460
7%
•
12 ¥4
30
3,800
(
52(4
*107 ¥2
108
MacAndrews
20Q
51%
15 ¥4
15%
*430
12 ¥2
*27
19
15
460
8
8 ¥2
12 ¥2
19%
15%
460
*8
14
151
*145
53%
35%
39%
*38 ¥4
Mar 18
20¥2 May 20
13 V* May 19
11 Va Jan
3
Feb
t J
20
(480)
CHRONICLE
THE COMMERCIAL & FINANCIAL
RECORD
STOCK
YORK
NEW
STOCKS
LOW AND HIGH 8ALE PRICES
Saturday
Monday
Tuesday
July 26
July 28
July 29
9 per share
I per share
21%
STOCK
16%
103%
*105
16%
109
1 per share
20%
16 Va
*20%
16 Va
109
*16%
*106
32%
32%
313/4
313/4
323/4
1033/4
*103%
1033/4
-1033/4
107
*105
107
♦105
107
203/8
*106
106
413/4
413/4
40%
41%
40%
40%
28
28%
27
27%
263/4
27
97%
*96
*96
97%
*96
403/4
*27
97%
*96
the Week
Aug. 1
July 31
9 per share
21
*16%
16%
33
104
106
*105
No par
1
serial preferred—100
Newberry Co (J J) common .No par
3%% preferred
100
New Jersey Pr & Lt Go 4% pfd_100
Newmont Mining Corp
10
Newport Industries
1
4%%
preferred
100
Newport News Ship A Dry Dock—1
New York Air Braka
No par
New York Central
No par
N Y Chic & St Louis Co
100
6% preferred series A
100
N Y City Omnibus Corp
No par
New York Dock
No par
$5 non-cum preferred
No par
43/4%
50Q
290
10
107%
403/4
41
41
1,200
27%
26%
27 Va
4,100
50
96
96
19%
97%
19%
19%
19%
19
19%
19 Va
19%
42%
42%
40%
403/4
40
40
16 Va
16%
15 Va
16 Va
15
15%
15 Va
15%
15%
15%
33,900
34
35%
31%
33
31%
313/4
32
32%
*32 Va
323/4
2,100
108%
107%
107%
109
15%
14%
14%
110%
111%
15
15%
108
*15%
19%
*39
15 Va
19%
25%
*22
26
•20 Va
27
*23
♦55
60
•55
60
*59
700
26
26
100
60
27
60
600
14%
60
14%
15%
*55
800
110
*107
109
*21
4,400
40
♦39%
40
60
18 %
100
May 29
105
Feb
Apr
29
Xl02
Jun
106
27
Feb
Dec
13
43 % May
25% Nov
103% Nov
•
106
7
Deo
Jan
22
Sep
109% Aug
Deo
Mar 11
110% May
113
Oct
Feb
50
Apr
45
Jun
30%
Oct
7
27
Sep
3
32% Feb
102
July 15
323/4
Oct
16%
104
•42% July 14
24% May 21
173/a Jun
IS3/*
July 25
108% Jan
35 % May 20
96
10
38
July 14
104
17
18% Feb
107
Highest
9 per share
I per share
24% Feb
13
31
conv
Lowest
I per share
May 19
13 %
Neisner Bros Inc
10
104
*32%
323%
104
I per share
Corp
Nehl
700
109
*106
•
700
16%
21
21
109
Year 1940
Lowest
Par
Shares
share
« per
Range for Previous
Range Since January 1
Highest
NEW YORK STOCK
EXCHANGE
Sales for
Friday
Thursday
103%
33%
103 %
CLOSED
20%
16%
*106
109
33
EXCHANGE
20%
213/4
*163/8
*106
Wednesday
July 30
1 per share
Monday, August 4, 1947
95%
Oct
109 %
Jun
9
21% Feb
4
18 Va
Nov
343/4
Apr
32 Va
May
May
18% May
80
May
11% May
19
46% Feb
10
36%
Oct
69%
Jan
12
17
22% Feb
3
13%
Oct
353/4 Jan
19
37% July
26
Sep
61% May
19
1153/8 July
19
20% Feb
Sep
16% Deo
19
19
26
21%
Oct
53%
Apr
79
Aug
135
Jun
37% Feb
413/4 May
53
May 23
Oct
76
May
250
May 20
290
Feb" 20
275
Jan
325
Feb
xl02% July 11
10% May 21
107
Mar
1
102
Deo
113V4 Mar
28% Feb
02% Jan
9
*243
270
103%
*230
.
103%
255
255
103%
103
•230
•102%
103%
*230
102%
255
12%
12
123/s
12
12
98%
9ff%
98
98%
98%
98%
98
47 %
47%
46
46
45
46
46
45
45
44
44
11%
900
983/4
98%
650
46 Va
46"%
1,100
43%
300
46%
46
103%
98
♦45
242
243
241
120
120
♦120
25
243
122%
25%
8%
7%
♦94'/a
24%
7%
25%
236
42%
241%
*120
123
24%
238%
♦120
12%
'
25
,
14,700
7%
8
■
3,600
25
25%
73/4
97
*94%
96%
*93
96%
57
57
♦56%
'57%
55%
57
♦55%
56%
56
56
20%
"
21%
19%
20%
19%
20%
21
20%
20%
30,100
102%
♦101%
102%
101%
,
*93
20%
102
101
101%
96%
♦93
101
101%
700
.
18
125
16
33% Jan
10% Feb
17
12%
12%
12
12%
12%
12%
12%
123/4
5,700
Inc_
10
21%
22%
21%
22%
21%
22
213/4
22
7,600
39
170
Northwestern
preferred
Telegraph
25
50
200
Norwalk' Tire & Rubber
13%
Norwich Pharmacol
36%
36 5/s
1,200
*109%
110%
60
8%
13%
39
*7%
*
lo
39
39
7%
8%
1*
74
13 74
39
7%
*7%
1374
♦13%
36%
36%
1093/4
►109%
39
39
*7%.
8
13%
14
,
8
4.6%
cum.
58
25
:
Jan
12
;
2
31 y8 Apr
108% Jun
Oct
96%
Deo
Aug
39% Apr
16% Feb
117
1
May
*
Jan
36
104% Nov
18% NOT
56% Jan
.
44
65% Jan
v
19% May
*
.
16% Deo
2
18
2
13% Feb
11
xl8% Feb
14
8
Jan
16%
•
45% Jan
6% May 16 :
133/a Apr
129
Oct
24% May 22
12
Co—.......—2.§0
July 10
7
22% Feb
22% Apr
July 30
Jun
Deo
%
9% Deo
111
102% Feb 17
21% July 29
.33
i" 23
-
115% Jan 11
13 Va May 19
99
No par
400
39
39%
Airlines
Northwest
July 18
52% Jun
i
No par
;pfd $3.60 series
: Cum
96
72% May
288% Apr
119
7
Jan
53
Sep
223
6
Ma?
Oct
Nov
41%
7
6% May 16
13y4
*7%
31%
O
23% Jun
22%
13%
Jttu
118% Feb
12%
*39
bd>4
10
1
Northern Central Ry Co—
50
Northern Natural Gas Co
20
Northern Pacifrc Ry—:—
.100
Northern States Power Co (Minn)
non-cum
American Co
North American Aviation
22%
'
May 24
100
pfdl
Adjust 4%
North
190
►102
97
11% Nov
9 8 3/4 Aug
1
47% July 28
9
32 % May 19
42
8
252% Mar
10
♦120 \i' 123
123
96% July
13% Feb
217 % May 21
860
240
240
240
7%
8
*41
42%
25%
25%
7%
8
*11%
250
103%
113/4
102%
*12%
255
*230
.
SO
N Y Power A Light 3.90% pfd__100
N Y Shipbldg Corp part stk
1
N Y State Elec & Gas Corp—
$3.75 cum preferred
100
Noblitt-Sparks Industries
0
Nopco Chemical Co—
4
Norfolk Si Western By
100
NY A Harlem RR Co
•
Oft
'NbV
9
May
25
■
»
36%
36%
36%
36%
109%
'
109%
1093/4
1093/4
'26%
27%
21%
.
21%
/
99
36
109%
26%
22%
20%
105%
104%
25%
257/8
21%
25%
*21
21
21
21
36%
110
19%
20%
1043/4
253/8
1043/4
26%
26%
26%
21%
*20%
21%
9%
9%
*106%
108
*22
9%
108
*22
29
9%
9%
*1063/fe
23
28%
1043/4
20%
5,100
193/8
23
28
28%
106 3/„
105
205/8
20%
9%
9%
28
108
108
23
*22
22
28%
28
'
*157%
158%
23%
23%
*82
85%
*157
159
223/4
223/4
79%
78
r13%
13%
♦13
22
85%
*80
X79%
*157%
*80
79%
13%
►
159
r
77%
13
93/8
*21%
22%
*80
1,700
28%
28
4,000
10
*21%
85%
159
23
400
*81
23
85%
79
100
300
28%
159
78%
9%
108%
*21%
.22
22
240
-
108%
93/4
108
157 %
105
105
105
85%
159
79
'
l
80
79%
2,000
No par
pfd—20
Oliver Corp
No par
4%% convertible preferred—100
Omnibus Corp (The)
0
8% conv preferred A
100
Oppenheim Collins
10
Otis Elevator com
No par
6%
preferred
100
Outboard Marine A Mfg
2.50
Outlet Co
No par
Owens-Illinois Glass Co——12.50
-
13
*13%
13%
400
Paclfio
14
14
14
14
*13%
14%
*13%
14%
14%
15
150
Pacific
65
65
*65
67
*66
67
67
70
70
70
270
35
.
35%
35
34
343/4
35
35%
35%
37
480
34%
41%
42%
40%
413/4
40 3/4
*57%
58%
58%
58%
*573/8
36%
37
35%
36
35
41
40%
35
"■
41
58%
58%
♦13
58%
58%
1,500
104%
300
Pacific
163%
120
5
5
1033/4
162%
162%
5
5
4%
43/a
43/4
43/a
37%
40%
38%
38%
40 %
5%
5%
18
49%
105
105
7%
Western
53/8
5%
5 3/8
5%
53/8
28,000
105/a
103/s
11%
19,800
Pan
16%
163/4
*15%
*15%
163/4
300
48%
48
48%
483/8
49
49%
493/4
2,100
*105%
107
*105%
107
7%
112
♦105%
70
110
107
7%
7%
7%
*107
66
♦107
45
3%
40
110
*107
27%
27%
27
27%
44%
*40
413/4
3
40%
*28%
30
2%
3%
39%
293/s
39%
♦28%
7%
*66
66
*42%
28%
23/a
40y4
263/8
*40
23/8
40
*28%
30
163/4
73/a
107
7%
7%
68
*107
273/a
27%
*40
42%
23/a
26,800
42%
3
*23%
2,500
40
40
30
300
110
263/8
40
7,800
67
*66
110
30
1,800
30
*29
100
9%
9%
9
8%
83/4
8%
8%
8%
8
11%
11%
11
11
10%
10%
103/a
103/4
103/4
11
1,400
35%
35%
353/4
35%
35%
35%
*35
36%
35
35
500
46
47%
47
7%
7%
9%
10%
47
46%
9%
Penney
6,600
Penn-Central
9%
*9%
9%
9%
9%
400
19
193/4
20%
20
18%
19
31
*108%
IiV
32
*29%
32
*295/8
32
112
*108%
112
*108%
112
*108%
112
193/a
20
20%
19%
20%
193/a
20%
20
20%
19%
20%
193/8
203/a
20
45%
46
44%
45
443/4
45%
45%
1 3*2
1%
I/2
Til
1A
24,100
Pennsylvania
45%
1,300
543/8
*53
55
*52
97
*95%
97
*95%
12
]03/q
3 03/,
30
10%
10%
10%
33%
34
31%
33%
31
32%
313/a
32%
27%
9ft
28%
108 %
11
10%
♦107
108%
10%
10%
*26%
*107
10%
*26%
28
108%
103/8
*107
10 3/8
313/s
*26 3/8
28
103/8
10%
500
32%
41,600
200
28%
Monday
July 28
July 26
Tuesday
1,700
103/a
July 29
Pepsi-Cola
Pet
$ ner shrtre
14%
STOCK
14%
49%
CLOSED
50%
43
EXCHANGE
44 %
S Tier share
*14
<
$ per
9 per share
share
'1
Petroleum
423/4
Corp
15
15
44 3^
45%
42%
43%
13,200
573/4
210
42
43
.
56%
57 %
57%
57%
♦57%
58
573/8
57%
108%
108%
108%
108%
•107%
110
107%
107%
*107
24 Va
24%
24
243/a
6,000
29%
29%
29%
29%
900
24%
24%
24%
24%
24%
29%
29%
29%
29%
29%
29 %
120
120
*108%
*119%
108%
15%
10 8 5/s
120
108%
*119%
1083/4
120
120
1083/4
14%
15%
14%
15
29%
26%
291/4
263/4
27%
95%
96
94
94
34%
32%
33%
31%
32%
*103%
107
♦103%
106
*103%
106
*96%
98
•*96%
98
*96%
98
29%
29%
93
*92
28%
♦91
62%
63%
61%
*13%
15%
♦13%
38
38%
107
107
♦107
*108
133/8
*94
96
26
22%
223/4
footnotes
see
25%
22%
32
323/4
*104
*96%
29%
*29
29%
*91
93
58%
61%
15%
107%
37
*107
•108
13
96
255/8
22%
12%
*95
25%
•22
37
107%
—
123/4
96
26%
223/4
60
*13%
37
107%
!
,
8
18%
Nov
Feb
17
99 %
Oct
10% NOV
4
13% Feb
7
May
12%
26%
*96%
<
80
110
121
160
108 %
600
12,500
153/s
5,800
28
95%
220
327/8
4,600
105
98
*29
200
30%
*91
—
93
8,000
Phila
Electric
Phila
A
Philco
Read
pfd
1,500
108%
60
13
95
27%
*22
23
168
♦160
168
♦160
168
180
*177
182
*177
182
12%
*95
27
*22
165
*177
$4
Hosiery
Mills
preferred
Pitts C C
4,100
12,400
22%
165
182
;
200
10
60
Inc.
A St Louis RR
Coke
conv
Pitts
Consolidation
*:
;
Jun
36
*119% Jan
Jan
17%
Feb
120
6
*113 \
Sep
18
25
Deo
51% May
,
18
26
Oct
39%
163% Jan 18
158
Sep
33% Feb
Feb
•*'.
180% May
I :
Jun
[■
35
28% Feb
8
19%
85% July 22
93.
Jan
4
86% Oct
111% May
70% July
80
July 25
69% NOV
100
1
Deo
Apr
Jan
19% Jan
1
12%
Deo
25% July
8
49
Nov
38% Mar 26
16
24
Oct
Feb
Feb
24
Deo
48
13% July 14
May 28
93/4 May 19
Jan
10%
19
'73
10
50;
3
86% Mar
Mar
Jun
3
43% Jan
18
/ 36%
Oct
47%
10
62% Jan
11
54%
Sep
67%
Jun
25% May 19
39% Feb
19
Oct
48
Apr
343/e Jun
54
Apr
28%
Jun
160y4
95
Jun
6
2
122% Oct
152
Jun
*6
168
Feb
8
164
Deo
3% May 16
213/4 Jan 10
7
Feb
13
5
Oct
11%
Feb
18 % Nov
34%
Apr
5
Jun
129% Jan
41% July 28
13
5%
Oct
12%
Feb
14% Feb 21
11%
Dec
27
Jan
13
Oct
20% Apr
37%
Jan
7% Feb
18
9% May 19
13
18
July 18
13
50
Feb
104% July 15
5% Jan 13
109
May 13
40% Jan
58 % Jun
181% July
18
10
Deo
100
Mar 24
56%
56
Apr
111
Apr
Deo
14%
Sep
43A
9% Feb
7
79% Feb 15
90 %
110
273/4
Oct
Oct
52
Nov
Jan
Apr
82
May
8
105%
32% Jan
2
37% May 17
2% May 17
53% Jan
4
4% Jan
6
3%
Sep
34 Va
43
Jan
9
35%
48% May
35% Aug
108
109
May 27
223/4 May 19
34% Feb 21
12
39% July
Apr
7%
Jan
Oct
22%
Jun
11%
Deo
24%
Jan
Apr
7
48% Feb 11
40%
Nov
573/4
Jun
11
15 Va Mar 31
8% May 19
July
26
Jan
Oct
14% Feb
May 7
28 % May 20
7% May 9
33
July
38
2
383/4 May 27
1
15% Jan
4
12%
Dec
453/4
Jan
Apr 15
10 3/4 Feb
19
6%
Oct
16%
13% May 19
29 Va Jan 18
243/a Feb
27
17% Sep
303/4
Feb
Jan
36
Apr
16
28 Va
107 Va May 20
117
Jan
29
22
6% July
7
18 % May
May 13
47
May 19
5
May 19
243/a Jan
20 Va
Sep
3
25
Sep
47%
Feb
6
37%
Nov
51%
Deo
43
Jan
68
86% Nov
115
55
Jan 21
101% Feb
13
Feb
3
22
May
Apr
14
Oct
513/4
Jan
Jan
21%
Sep
40%
Jan
4
28%
Sep
43% Mar
108 Va Jun
2
105%
Sep
113/8 July 25
8'A
Deo
34 Va July 25
16
May 13
Feb
Jan
27%
6
132 July 16
81 % Jun
6
115 Va July
Jan
26% Feb
513A Jan
17
17% May 19
38
373/4 Aug
Jan
110
Feb
5
8% May 17
34
109
Mar
14%
Apr
Range for Previous
9 per
Year 1946
share
35%
Apr
Jan
80
29%
Sep
x48
2
59
Mar 20
51%
Deo
May 28
6
'109
26 3/4 Jan
No par
16%
7
24
62% Jan
Jun
53
Highest
$ per share
July 28
15% Feb
14
x98 Va
13
share
44 Va
9
36 % Apr
No par
100
100
1
3
100
5
100
100
25
9 per
«g per share
May 14
13 % Jun
37
No par
No par
—100
No par
8
Lowest
Highest
23% Jun
3
Feb
6
27% Jan
2
29% Jan 21
July 24
107
Deo
Feb
May
May
76% Jan
.
117%
Jan
24%
Sep
30% May
27%
Deo
34
July
Deo
122
May
116 .;
115% May 16
120
1053/a Feb
4
108% July 16
10%, May 19
15% July 24
11%
Oct
30 % Feb
20 Va
16
21
Jan
89
May 23
47
Deo
102
Sep
71
.Jan
104%
Dec
112
Jun
8
963/4
Dec
106% Aug
31% July 17
20%
Oct
109
97
Mar 29
101
Mar
21
Apr 29
81
Jan
17
50
Va Mar 15
12
Jun
10
30% Apr 28
103 Va Jan
2
433/4 Jan
May 16
96
July 25
18% Jan
2
Sep
36
Jan
July 25
84
Deo
89
Nov
49
Feb
73%
Jan
16 V8
Deo
41
Jan
29% Sep
36
Deo
110
Feb
93
18
Feb
1
38% July 24
108
14 Vb
102
Feb
19
July 25
Mar 29
273/8 Aug
F«n
17 »/4 May 19
165
171
?
63% July 14
102%
123
10
Jan
Deo
89
July 15
102 %
19% Feb
33%
18
98 Va Mar 17
18
Feb 25
26 Va May 19
100
A Chemical Co—No par
preferred
No par
Coal Co
1
Pittsburgh Forgings Co
—1
Pitts Ft Wayne A Chic Ry
100
7%
100
preferred
Pitts
$5
12%
'
273/a
96
A
Phillips Jones Corp
5% cum preferred
Phillips Petroleum
37%
*108
series
Philip Morris & Co. Ltd
4% preferred
3.60%
series preferred
Pillsbury
*107
Coal A Iron
Corp
3%%
Phoenix
107%
com
preference com
4.4% preferred
3.8% preferred
15%
36%
Co
Jan
29% July
22% Jun
Feb
Range Since January 1
Co Inc
$1
60%
37
A
37% NOV
112
28% Feb
118
7
3
24
May 19
154
May 12
19% May 15
Lowest
No par
1
25
Philadelphia Co 6% preferred—50
$6 preferred
No par
(Chas)
593/8
*178
'
July 23
25% Feb
19% July
105
Phelps-Dodge Corp
*13%
*160
23.
7% May
86
100
5
Par
15%
178
page
107
23
EXCHANGE
60%
*108
*94
32%
*104
98
93
•13%
*94
106
*27%
15%
27%
95 %
♦91
38
143/4
273/4
93
623/a
108%
15%
27%
168
*160
For
12%
•94%
263^
15
*94
28%
♦108
13%
178
37
*119%
108%
15%
33%
57%
120
1083/4
96
29%
*95%
Sep
11
Jun
STOCK
NEW YORK
Pfizer
15
47%
24%
100
Pfelffer Brewing Co
143/4
46
42 Va
of America
5,300
14%
f
41%
5
100
21
22
No par
2nd preferred
1,600
14%
«.
—10
33 %o
Co
Shares
A
14%
"t
41%
S per share
Inc
Co
Milk
the Week
Aug. 1
*
f per share
50
273/a July 14
Feb
STOCKS
July 31
July 30
No par
Rights
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co
Bales for
Friday
Thursday
Wednesday
—
No par
1
10
7
No par
100
Jun
19%
Apr 14
9
19% Jun
173/4 May 17
97
-
108%
Jan
111% Feb
Hi July 17
LOW AND HIGH SALE PRICES
Saturday
RR
ppnnRvlvania Salt Mfg Co
4%%
108%
*107
108%
1,500
11%
*10
Light Co
A
Power
Peoples Drug Stores
97
*10%
56,600
55
*94%
preferred
5%
V/b
*^9
97%
Corp
Cement Co
Sand Corp
Penn
55
*27%
Glass
13,300
96 %
*107
Penn-Dixle
Penn
95%
*54%
Airlines
Coal A Coke Corp
100
rl 33a
rl
6,000
Penn
20%
19%
55
95
Co
C)
(J
4,800
7%
19%
100
1
Park A Tilford Inc
1
Park Utah Consolidated Mines—1
Parke Davis & Co
No par
Parker Rust Proof Co
2.50
Parmelee
Transportation—No par
Patino Mines A Enterprises
»
Penick & Ford
No par
7
46
*54%
4%
conv preferred
Paramount Pictures Inc
7%
*29%
31
1
No par
Inc
Cos
7%
*9%
100
Prod A Ref
Panhandle
Paraffine
7%
93%
Corp—2%
Transp
5
preferred
46%
21%
*45%
4%
7%
463/4
No par
Car
Panhandle East Pipe Line—No par
46%
20%
21%
2,600
Corp
100
100
—1
10
Airways
Petrol A
Pan-Amer
7%
19
112
20
3/s
American
463/4
7%
19%
*108%
9%
46
33
19%
*30
Oil
Packard Motor
103/8
*108
30
Pacific
103/a
*66
3%
8,900
5%
*105%
7%
40
Tin
10%
68
♦43
Consol'd Corp
Pacific
5%
48
Teleg
A
10%
17%
68
27%
No-par
Telep
preferred
5%
*163/4
18
49%
No par
Corp
Mills
6%
1,200
40%
39%
25
Electric
A
10%
11
10%
35%
35 f.
Co
Lighting
Pacific
104%
163 %
353/4
103%
161
37
Gas
Pacific
104
105
41%
Coast
Pacific
400
164
34%
104
161
40%
5,600
58%
Inc—_—•
10
Amer Fisheries
preferred non-cum
No par
2nd preferred non-cum—No par
1st
104
105
164
5%
403/r* 413/a
.
*161
1
105
163%
5%
133/a
•
Sep
30%
I
18
38
15
21
Oklahoma Gas A Elec 4%
*
*104%
lOO
OH Co—
Ohio
600
—
preferred
4.40%
9,900
*20%
Co
Ohio Edison
7%
Sep
Oct
Sep
893/4
Dec
1
17 %
Nov
10
xl6%
Deo
136
May
15% Feb
106
Feb
26% May
30
Feb
1
165
Aug
1
197
July
202
May
May 23
203
Jan
2
200
Nov
210
Mar
Aug
*
Volume 166
Number 4617
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW
YORK
STOCK
RECORD
LOW AND HIGH BALE PRICES
Saturday
July 26
Monday
Tuesday
July 28
July 29
9 per thare
I per thare
STOCKS
Wednesday
Thursday
July 31
July 30
9 per thare
9 per thare
Friday
Aug. I
I per there
Balee for
9 per share
37%
38%
36%
37%
37%
37%
373/4
87/a
8%
37%
8%
8%
12%
4,800
8%
8%
8%
8%
8 3/8
8%
4,400
123/4
13,900
13 Va
EXCHANGE
12%
13%
•125
136
76%
76%
74
84
80%
83
•14%
*160
14%
15%
*160
175
26%
♦12%
136
74%
14%
743/4
75
80%
13%
U3V?
14%
175
26
13%
*160
26%
12%
♦11%
24 J/4
24%
13
24%
.25%
23%
23%
23%
24%
24
24
*23%
14%
15
14
14%
13%
14
14%
11%
12%
12%
*38%
42
11%
11%
♦38%
41
41%
25
14
14
253/8
23%
700
14 %
1,800
Poor St Co
Pressed
200
4%%
64
66%
65
65%
28%
30%
29%
30%
96%.
96%
*96%
97 %
36
36%
22
118%
119%
117%
36
36%
36
64%
653/e
37 %
6,600
30%
28
40,100
Pub Serv Corp
22%
119%
1093/4
110%
117%
118
1,250
1173/4
1183/4
118
118 %
860
$5 preferred
6% preferred
128
128
410
1%
127%
128
128
128
142%
143%
142%
112
142%
143
112
*111%
112 %
143%
*11% 112
112%
563/8
112%
112%
56%
31%
31%
23
23
'■A
31%
26%
109
31%
•22 Va
9
23%
8%
79
77
78%
133/4
13 Va
133/4
13 Va
56%
26%
109
56%
27%
30%
109
30%
*22%
140
56%
5,700
15,400
109 !
30%
23%
300
27%
27
109
'
300
.
30%
800
*22%
300
105
105
*104 Va
35
35
34 Va
105
8%
9Va
9
9%
78%
78
78
79
13%
13%
13
104%
13%
105
33
32,100
79
12%
12%
104%
33 Va
*32 Va
105
•l04Va
,
247/a
26 Va
24 Va
25
34 Va
24%. 25%
*32 Va
24%
37 Va
37%
367/a
36%
25%
363/4
363/4
25%
20 Va
363/4
20
20 Va
361/2
36%
20%
20%
50
47 Va
47 Va
•47
38%
47%
*37 Va
383/4
*37
13%
39%
*12%
14
*125/a
290
26%
36%
22 %
600
10,700
105
213/4
50
*37
143/4
*13V4
143/4
*98
15
•37
133/a
13
105
14
125
*48
383/4
133/a
105
121
20 Va
50
*47 Va
38 3/4
*37
•98
14
119 Va
♦98
Va
'
24 Va
233/4
13 %
13%
116
24
13 %
13%
35%
75 Va
*74%
33'/a
36
101%
*100
32
*100
32 >/a
75 Va
*74%
33%
100
313/4
20%
105
14
*14
118%
117
24 »/a
♦23%
24Va.
*13 Va
14
75 Va
74%
34%
33 Va
100
30%
100
31
31
*23%
13
74%
20%
16,800
1,000
1,600
100
133/4
105
500
1,700
24%
74%
20
35%
35
*993/4
5,000
101
300
3 lVa
31 Va
31%
3,300
5%
5%
53/4
4,800
5%
5%
5%
53/8
5%
5%
5%
5%
5%
14%
13%
13%
13%
133/4
27%
26%
273%
4,100
27
27%
33,100
14
14%
14
27%
28%
112%
1123/4
20%
213/8
19%
20%
19 %
107 %
107'/a
107%
107 %
•107%
108%
8%
83/4
8%
22%
23%
22%
8%
22%
108'
9
•
108
12 3%
108
12%
42%
41%
50%
49%
22%
103%
22
♦49%
21%
17
16%
27%
22%
22%
59
59%
21%
Saturday
21%
Monday
July 26
July 26
21%
21
107
*22%
42%
41%
51
51
*102%
103
21%
22
8%
103%
103%
21%
16%
16%
2,800
28%
300
6%
6%
9%
8 Va
27
9%
21%
6%
6%
22%
22
22%
21%
21%
573/4
57%
58
58
58
21%
*203/4
21%
Thursday
July 31
9 per there
45
44
8%
44
8%
6%
*203/4
21%
44
9
103/a
10%
10%
10%
10%
98
32,100
98
98
24%
114%
113%
113%
113V2
113%
113%
83/4
113%
8%
*8 Va
*85/8
8%
8%
*46
47
46%
*963/4
9
25
24%
10
25
*113
9,500
114
150
83/4
500
29%
28%
295/8
29Va
46
100%
101%
98
28%
46%
100%
100 %
17,100
9,300
24%
30%
2,000
9
23%
24 Va
100
47
46%
46%
*46%
47 %
*101
500
102%
*101%
102%
♦101V4
50
102
*101V4
102
101%
♦1003/4
153/4
101%
15%
153/4
153/4
15%
97%
97%
97%
97%
♦96%
♦IOIV4
101%
101%
102
15%
98
,
i
1
155/8
153/4
*96i/4
98
29 5/a „■
15%
22,700
80
153/4
*96%
17900
98
400
17%
18%
17%
18%
17 Va
18%
18%
19
50%
50%
50
50
49%
495/8
49%
49%
49
33
31%
32
49 3/a
900
*32
32%
2,800
•|
33%
31%
32%
*6%
7%
7%
7%
*7
393/4
40%
38%
39%
38
13%
13%
11
11
10%
11
12%
13%
12
12%
1083/8
•107
♦107
'
13
13%
71/4
-*6%
7%
39%
38%
100
393/4
39%
39%
27,600
108%
13
*107%
108 3/a
76%
*76%
78%
18%
18 3/8
78%
*76%
78%
18%
17%
17%
13%
13
33%
31%
16%
163/4
80%
84
Eels
13
325/a
$1
conv
6%
conv
5% %
Drug
Reynolds
0%%
Rheem
Mfg
Richfield
.
18
251/4
18
*12%
313/4
108
33
32
cum
(W A)
37%
443/4 '
100
16%
16%
84
84
3,900
1,300
29,700
Union
Sinclair
Oil
353/4
36%
600
36%
Smith
36%
(A
36%
O)
36%
2,300
Smith
(A)
&
16%
16%
163/4
4%
4 V4
4%
16%
443%
15%
43%
165
165
16
44%
166
6Va
♦49
15
6%
51
101
30
19
Dec
38
16% July 15
12%
Oct
23% May 16
31
20% May
25
6% July 31
May 19
42% May 19
Oct
13%
Apr
Feb
2434 Mar 31
17
Oct
30%
Jun
60% July 23
40%
Sep
65
26/4 Feb
21% Oct
Feb
3
10% Mar 31
20
21
168
32
32
31%
32
313/4
173
22
23
22
22
22%
223/4
22 3/a
23
44%
42%
44 Va
44%
45
44 Va
443/4
32%
1,000
180
1,800
3,500
16,700
Corona
&
Co
Co
20
100
Pacific
.
May
34% Jah
Range for Previous
Year 1946
Lowest
Highest
9 per share
f perthare
9 per thare
2
43
Sep
12% Jan
2
11%
Dec
12%
Dec
2
30%
Dec
33
Dec
22
Nov
17
98 Va
20% May 19
X110% Jun 17
.
May
July 24
26% July 17
4
114% Mar
7% May 19
23% May 17
41% Mar 14
.
64
113/4 July 17
16
34% May
116
Mar
18
Jan
553/4 Jan
2
63
Nov
100
49% Jnn
7
42
Oct
61
Aug
July
100
Dec
1
101% July 30
3
102 % July
9
18% Jan 20
14% May 19
Jun
Sep
8
96% Jan
90
1103/4
11% Feb
96% May
26
98% Mar
03/4 Nov
95% Deo
110% Jun
102% Nov
3
11% May 19
393/4 May 17
24% Feb
23
403/4 July 14
16% Feb
8
35% Nov
49%
10% Nov
23% May
16% Feb
13% Nov
12% Oct
22% July
24% Jan
113% May
32% Apr
40% Feb
39% May
01% May
36% Apr
Mar
5% May 17
30% May 19
11% May 14
9% Jun
10
10% May 19
107
Mar 12
20% Apr
15
13
17%
15
42
Sep
Sep
33% July 24
10% Feb
23
Oct
55
8
May 19
3
20
24% May 19
6% May 19
4
Apr
27 Va May
39
Apr
14
May
14
.
Feb
11
l67/a Feb
110
Jan
273/4 July
3
1
1
6% Nov
105
17%
Deo
Oct
Sep
July 17
9% Feb
17
63/4 Feb
8
273/4 Feb
8
Dec
5% Oct
33
Jan
7
Feb
21
16% July 28
86
July 28
20% Fen Id
15
Oct
54
Jan
14
Sep
60% July 11
42
Oct
39
35% Nov
3% May 20
6% Jun 12
51
July 15
147/8 May 28
37 % May 19
154
May 19
303% Apr 25
22
Jan
17%
51
May 20
29% May 19
98
Apr
2
24 Va July
1
July 29
19
34 % Apr
77
18
41
133/4 Mar 14
No par
Jan
19
19
1
50
34
Feb
23
19
15
7.50
82
23% Oct
22
Inc
Co
44
32V» Jan
Platinum
7.50
Southern
Oct
55% Jan
38
Typewriter-No par
Socony Vacuum Oil
6Va
Jun
9
10
Corp
Sons
Southeastern Greyhound
Lines—5
South Porto Rico
Sugar
No par
8% preferred
100
Southern California Edison—
25
Southern Natural Gas Co
•
Jun
Mar 15
3,200
16
I per thare
May 20
*49
42%
25% Feb
16
65
51 Va
463/4
23.
14
15
*49%
43s/a
Feb
Apr
20
Iron
South Carolina E & Q Co
5% preferred
23 %
page
Nov
Feb
July
133/4 Jan
15
&
4,100
33%
see
No par
6%
22%
footnotes
No par
No par
6
44 3/4
For
5
6%
32%
323/4
1
South Am
•168
100
3
Jan
Jun
37% Jan
77% Feb
39% Apr
17% Feb
Apr
10
700
16
28%
46%
50%
1083/4
Feb
22
1,200
43%
136
43
Jun
40,300
153/4
18% May
45% Jan
Sep
3
12
4%
43%
Apr
31% May
110% Jan
Sep
6
1
new
17
153/4
9% Oct
118
24%
105%
Feb
Feb
27
43%
168
Sep
Sep
Feb
213/4 Feb
4%
153/4
Oct
18
07
50
Jun
165/a
43%
Feb
104
May 16
26%
1
May
May
50% Jun
105% Apr
34% July
101
Apr
Sep
75
,43/a
6%
51
Oct
Apr
21% Feb
40% Feb
Nov
16
163/4
%
Feb
Jan
17 %
12%
6
15
Steel
Gold
Apr
24%
36 V*
33% Jan
43/s
168
'
32%
Pen Co
Carpet
cum-preferred
&
31
112%
16%
125%
45%
27%
Oct
7
18
165/a
Smith
53% Jun
46% Jan
Dec
4
18
28
♦165
43%
3%%
/
Feb
7
16% Feb
No par
Corp
Skelly Oil Co
Bloss-Sheffleld
Feb
77/a Nov
44% Feb
14
45
May 29
1003/4 Jun 26
19
8
No par
No par
Simonds Saw & Steel
373/4
4%
113/4 Feb
Feb
Oil
36%
16 %
May 13
36
of America
Coalition Mines
38%
17
7
243/4 May 19
Corp
373/4
163/4
Apr
No par
Sheaffer
18 3/4
44%
Corp
200
53%
16
1
$3.50 conv pref ser A
Shattuck (Frank Q)
53%
165
1
No-par
200
*18 3/a
51
__5
900
18%
*50
100
Dohme
53%
51
A
Co
&
18 3/a
•50
No par
series
Sharpe
16%
101
107%
110
9% Jun
100
Steel
83
102
113% May 28
243/4 Feb 16
May 19
93 % Jun
pfd
Sharon
53%
*27%
Oct
Range Since January 1
Highest
common
18%
*101
24%
May 19
5
18
13
Apr
5% May 19
May 19
$4.50 preferred
Shamrock OH & Gas
53
28
21
3
9
No par
18 Va
102
30% Feb
Jun
36% Apr
100
Rubber
53
*27%
13%
May 17
2
Sears Roebuck & Co
18%
*101
Oct
Lowest
Simmons Co
♦43%
Oct
20
28
No par
4,600
45
100
Jan
series A__.
preferred
Inc
Dec
32% Mar
32% July 28
Jan
Seaboard Oil Co of Del
Seagrave Corp
Servel
Jan
Mar
18% May 19
Seaboard Air Line vtc
5%
14% Nov
74
2
39
Corp
1.75
Paper Co
No par
$3.40 cum pfd
No par
Scovill Mfg Co. 3.65% cum pfd_100
Scranton Elec Co (The)
5
Silver King
Va
Jan
124
Scott
Shell
16
Dec
9
No par
preferred
Sheraton
82%
26%
13
May 27
10
Savage Arms Corp
Sohenley Distillers
5,000
*43%
Sep
7
Safeway Stores
9,700
16 3/a
102
13
19 % Jun
100
(The)
pfd 4.40%
2,000
82%
76%
4
40
5%
16 Va
9
18
8Va
81
July 25
90
1
1,400
32%
37%
Dec
7
St Joseph Lead
5Va
7%
Sep
29% Feb
103% My 28
No par
78%
•'
Nov
9% Jan
8% Feb
1
B
Corp
4,800
22%
18
13
10
32%
22%
*773/8
May
16% Sep
15% Feb
St L-San F
Ry Co com vtcPfd series A 5%
St. Regis Paper Co._
3.35%
19
86%
28%
112%
49%
Dec
15
2.50
series
2,800
25%
32
13Va
3,400 '
108
253/a
125
32
30
14
Par
6%
Nov
123/4
8
EXCHANGE
1st
9
99
4
8
NEW YORK STOCK
8 Va
28
S5% Aug
Deo
15% Oct
100% Dec
22 Va May 19
IIOV2 Jan
3
Ruppert, Jacob
7%
28
Feb
11
16% Feb
4% May 19
Company
No par
Roan Antelope
Copper Mines
Royal Typewriter
I
Co
18% Feb
108% Mar
No par
100
Co
Ritter
Ruberold
July 14
18
5
No par
...100
Co_
Oil
10
84% Feb
11
100
preferred
3.60%
3
Jun
24% Jan
No par
A
Mar
Feb
173/s Feb
100
10
Preferred
105% Mar 12
403/g Feb
10
Common
5Va
28
10%
76%
24
1
;
Metals
conv
37 %
28
Sep
7
2
24% May 19
72
50o
Inc
May 28
20% May 21
11% May 28
1
—
Corp
ser
10% Feb
80% Feb
153/4 Jan
100 % Apr
9
11
May 16
85
May 17
25
Reynolds Spring
Reynolds (R J) Tob class
5Va
45
28% May
115% Jun
38% Feb
Oct
Feb
Nopar
preferred
tRexall
55
6%
;
Revere Copper & Brass
36%
♦43%
•
117% Feb
69% Jan
33%
1
prior pfd
18%
102%
Corp
preferred
5 Va
8
.
30
Jan
Oct
100
Republic Steel Corp
36%
7%
Nov
47% Sep
19% Feb
107
Jan
150
Sep
1st pfd
Republic Aviation
Republic Pictures
54
63/a
23% Jon 27
-
112
126
139% May
36%
41
5
$4.50 preferred
Reo Motors, Inc
19%
6%
3
30% Jun
115% Jan
Sep
106
Sep
114% Aug
119% Jun
40
Remington-Rand
57%
6%
May 19
34 % May 22
9 Va May 17
50o
& Co
Stores
19%
4%
81% Feb
283/4 July 25
109 % Jan 17
36% Feb
Sep
17% Oct
22% July 25
48% July 25
50
preferred—50
Inc
(Robt)
57%
4%
129% July 15
146% July 9
114% Feb
8
16% May 17
100
Bros
5
45
16%
86
Reeves
36
8%
5%
38
16%
*101%
31
103
98% Deo
39
preferred
1
76%
83%
1st
non-cum
4% non-cum 2nd
Real Silk Hosiery
5
22%
102 %
2
26% Feb 21
110% July 25
120% July 17
Apr
Seiberllng
22%
♦101
13
38% Jan
71% Apr
67
May
105% May
41
July
39
50
Seeger Refrigerator Co
23
45
Nov
May
1,700
22%
♦45
63% Feb
Oct
32
33
1,000
24
46
Deo
83
2
17% Sep
10%
108 3/a
Feb
32% Nov
12%
23%
5
38
Feb
30
41
13
25
7%
17
Oct
27%
26(4 Aug
1
38i/i Feb 14
Reading Company
4*
102
25
103/a
25
363/4
Feb
J
173/a May 19
35% Jun
9
12Va
32
53/8
13
28 3/4 May 19
12%
25
83/a
Feb
July
25
1
10%
31%
38%
22
29% Aug
Oct
No par
13Va
253/4
8%
12% Nov
102% Feb
7% May 19
pfd—100
12 Va
31%
5%
Ralston Purina Co 3%%
Raybestos Manhattan
Rayonler Ino
$2 preferred
13Va
•107%
Jun
19
43
2
Mar 14
Jan
Nov
31%
32% Jan
70
Apr 15
10% May 21
1
*10%
25V4
37%
No par
No par
12
303/4
323/a
of Amer
$3.60 conv 1st preferred
10 5/8
26%
M
Radii Corp
Radlo-Keith-Orpheum
13Va
32%
*13
20
„
67% July. 17
51 % May 19
21 % May 19
25
200
20% Sep
14% Oct
11% Nov
18% Feo
2
106% Jun
May
34%
Oct
16
110% Jun 24
-10
10%
25%
13%
33%
Corp.
12
31%
♦13
Ref
13
1
26%
"
11,900
313/4
33%
18
183/4
*6%
26%
♦76%
3/8
30%
32 %
,
18
7%
'
'
Oil
JNopar
Shares
44
8%
25%
31%
Corp
13
STOCKS
28
24%
30%
Quaker State
Sales for
283%
*963/4
28%
Bakeries
Purity
the Week
28
98%
9
600
28%
26%
*963/4
800
9 per there
25%
98
2,600
2,400
Friday
Aug, 1
♦96%
9
10
*28%
21
10%
114
6,000
51
16 3%
6%'
29
10
42%
28%
44
27 3/4
800
16 3/8
56%
45%
11%
41%
120
12
*27%
44%
10
23
106
*11%
16%
9 per thare
30%
22%
50
16,500
2,800
28%
*22
21%
11
8,200
.*8%
1,400
3,500
7
29%
21%
*49%
%
200
.108%
8%,
105
413%
*491/4
103%
22%
20%
11%
4,500
114
*107
105
*11%
5%
♦112
8%
23%
105
11%
■
107
8%
108
9 per thare
46%
9%
113
203/4
LOW AND HIGH BALK PRICES
Tuesday
Wednesday
July 29
July 30
9 per thare
45%
*111%
5%
16%
22%
60%
59%
7
113
5%
♦27%
28
7%
103%
163%
283/4
•22
CLOSED
41%
49%
103%
7
16%
EXCHANGE
11%
42
*28
STOCK
♦104
12%
22%
103%
23
♦111%
108
11%
*49
•102%
"26%
27%
112
42
9 per thare
53/8
20%
26%
112
243/4
preferred
Reliance Manufacturing Co—No
par
Conv pfd 3% %
series
100
5%
8%
(The)
conv
700
5%
24
No par
100
Oil
5%
Reliable
5%
133/4
Jan
300
5%
13%
127
Pure
Preferred
540
13%
*73
35Va
600
.
120
'
101
-34%
14%
♦98
14
118 Va
13
13
35
*98
13%
120 Va
*23 Va
101
30 Va
105
13%
122
24 Va
•74 %
100
92
Jun
24% July 29
Mpy 28
No par
No par
Deo
Oct
Nov
Feb
Feb
96%
R
83/4
•76
34 Va
*47Va
8%
141
26 '/a July 25
103% Apr 24
109% May 14
Pub Ser El A Gas pfd $5
Pullman Inc
68%
12%
28% July 24
14% Jan 28
16
117
T
200
30% May 19
100
Jan
23
May 17
May 19
May 20
100
;
17% Feo
19
213/8Jan
-No par
preferred
preferred—
Oct
200
153/4 May 17
93% Jun 17
of N J com—No par
Jan
Nov
/
8%
9%,
•78%
56%
26%
♦108
23
:
•
9 Va
56
27%
108%
31%
23
56%
26%
108%
57
10,700
223/4
1093/4
129%
1433/4
31%
No par
10,900
223/a
109%
143%
56%
34
23
22
110
126%
28'%
9
50
Publicker
21%
144%
109
Inc
Jan
14
22%
Oct
69
193/4 May 19
A
Procter & Gamble
109%
Apr
48%
7% Dec
103
ll3/4 May 17
Industries Inc
5
$4.75 cum preferred
No par
Publio Service Co of Colorado—20
129%
56%
Co
ser
110 %
♦112
21
1
38
37
13
I per thare
9%
14
Jun
Highest
Sep
12
May 19
No par
1
30
78% July 24
84% July 24
171
180
128%
27%
Car
130
17
B
preferred
9% Feb
22
Jan
1
# per thare
13% July 25
May 15
17 % May 16
10% Jun
5
Pocahontas
Steel
42% Feb
19
67
1
class B
22%
>'
19
10 Va
100
97
♦96%
143%
•108%
Creek
8,900
97%
110
Pond
7
May
8% May
114
Apr
59 % May
Lowest
f per thare
21
100
(The)
Plymouth Oil Co
11%
31
23%
4,000
32 % Apr
B
Co
Plough Inc
40%
66
36
12%
Pittston
113/8
28%
110%
Pittsburgh & West Va
Young 81 Ash pfd
Pitts
40 %
97%
35%
400
2,700
113/4
65%
No par
Steel Co
No par
preferred class B
100
5% preferred class A
100
5%% 1st ser conv pr pfd
100
41%
*39
10
Year 1946
Highest
• per thare
Pittsburgh
23%
30%
22%
Pitts Plate Glass Co
Pitts Screw & Bolt
25%
14%
97%
109%
Par
*14%
24
97%
66
90
26%
*113/4
28'/a
65%
330
175
26%
25
11%
75
Range for Previous
Range Since January 1
Lowest
'
1%
80%
♦160
13
26%
12%
75
26%
*113/4
136
♦79%
175
26%
25%
♦39%
12%
♦125
80
♦11%
13
12 3%
136
74%
♦160
27%
12
*125
81
*79
175
26%
27%
12%
*125
75%
84
CLOSED
11%
136
YORK STOCK
EXCHANGE
Mharet
38%
•125
NEW
the Week
38 %
STOCK
(481)
Jan
23
102% Jun 30
35% Jan
6
17
July 11
Nov
383/4 Jan
9
223/4 Jan
7
52% Dec
20% Dec
18
48% Sep
108
Jun
8% May
8
Nov
>3
Nov
22%
Dec
7
8
Sep
59% Feb
193
May
39% July
22% Jan
9
28% F^b
47% Feb
Jan
11%
Oct
4% Sep
7% Dec
9
34% Jan
•1
29% Sep
8% Jan
54 Va Apr
170% Jan*
May
20% Jan
85% Jun
27% Feb
13 %
Dec
8
Jan
$6% Jun
61
•6% May
July
48
May
99
5V4 Feb
56
43% Jun
17% July
14% Feb
33% May
38% Oct
70
167
Dec
30
Jun
21
22
RECORD
STOCK
YORK
NEW
July 26
I per share
Monday
July 28
July 29
79
EXCHANGE
CLOSED
38%
41
70%
-
*66%
70
*79
80%
18%
18%
18%
5%
5%
514
10%
10%
20 y8
13
14
80%
80%
80 %
19%
79%
*79
80%
*79
80%
18 %
*18
18 ¥4
18%
18%
5%
26%
700
:
*9%
10
80
27%
27%
2J
600
80%
20
'
20¥a Feb
75/a Feb
14 ¥2 Jan
76
93¥a Jan
31 ¥2 July
19%
19 %
19%
19%
19¥b
4,300
12%
12 %
12%
12
12 ¥4
(12,50 3
81%
200
80%
81%
80%
80%
81%
Spiegel Inc
17
17%
16%
17%
16%
16%
16 ¥4
17%
3,309
Square D
34%
35%
34
34
34%
34%
34%
34 ¥4
1,900
Squibb
31%
112%
31%
140
101%
101%
112
112
112
30%
2714
28%
*100%
31%
101%
25
%
25
96
114%
100
97
108
27
*97%
108
20 %
99
600
>
Standard
12,909
61%
62
60%
61%
59%
60%
59%
60%
4314
44-
42
43%
41%
42%
41%
42%
41 ¥4
42%
17,100
77%
79%
76
78 %
77%
78%
77%
78%
17,200
29%
30%
21-
30 ¥4
31%
16,800
*103%
104 ¥4
78% ' 79%
31
-31%
•
♦103%
12%
13
105
*103%
13%
14
12%
13%
44%
43%
43%
*43
*42%
44%
*
44%
43%
44%
44%
16
15%
15%
15
15%
40%
40%
39%
40
*103
104
♦103'
104
*103
43%.
15¥s
15¥a
39 %
5,300
16%
15%
16%
15%
15%
20%
18%
19%
18%
18%
18%
19
20%
20 ¥a
20 ¥a
19%
19%
*19%
20%
20 %
14%
147/8
14
14%
13%
23%
21
22%
20%
12%
12%
12
12%
106%
*105
106%
12%
*105
105
105
56
56%
n
122%
122%
122
122
12%
10%
11%
39
41%
38%
*
19%
18%
18%
123%
11%
11%
11%
40
39%
9%
19%
18%
19%
19%
123%
41
35
24%
24%
24%
24
24%
102 %
*
■
11%
6%
17%
34%
♦40%
17%
*17
24%
*17
24%
24%
24%
22%
23
101%
101
7%
7%
7%
7
*11
11%
5%
,
23%
"
7
5%
.; 1,000
5,100
19
20
18%
19
18%
18%
18 %
18%
19%
19%
68
68%
66%
68
66
66%
66%
66%
66 ¥a
67
17%
16%
17%
16%
17%
167/«
17%
16%
17%
55%
55%
55 %
3,100
2,900
12,300
55%
56%
55%
56%
56
56
33%
34%
J 33%
33%
327/e
33%
33%
33%
33 ¥2
34%
26 %
26%
24V4.
26%
23%
24%
24¥a
25%
25 ¥a
25%
52
52'
50
50
16%
16%
12
*53
11%
12
53
16
22%
9%
20%
*10%
11%
44%
42
5%
*5
103
4%
5
9¥a
9%
9 ¥2
20 ¥4
21 ¥2
21 ¥4
10%
10 ¥2
10 ¥2
43 %
44
43
*27%
28%
21%
21%
*101%
4%
20%
*27 ¥a
28 ¥2
20
47
2,300
12¥a
12%
3,000
tTransamerica
Transcont'l & West Air Inc
48%
47%
47%
47
47
46 %
12%
12%
12%
12%
12%
121/4
12%
15%
16
15%
15%
14%
6%
109
109
<
"■
*109
110
-
110
*109
--
'
¥4
15%
15 ¥4
15¥a
3,800-
*15%
17%
*15%
17%
100
7
*109
110
*109
i
67/a
7
6%
6%
8,700
22
20%
21
21
21%
21 ¥4
21%
2,400
32%
31%
21
30%
31%
29%
30%
30
30%
29 ¥4
30 ¥2
15,800
39 ¥a
1,100
41%
*40
9%
9%.
41 % *
*41%
14%
14%
8%
9%
41%
41 %
14
13%
LOW AND HIGH
Tuesday
Monday
I per share
41
13%
1 per there
104
:
13 ¥4
*13
13%
1,200
40
40
-
80
1,109
,
.
t per
share
t per
Sales for
Friday
Aug. 1
14%
14%
15%
14
55
55
53 V4
i
'
EXCHANGE
CLOSED
12%
12%
51%
\
share
12 ¥4
12%
*12 ¥4
14
14
'14
14
52
*51%
32
*11%
12%
12 ¥4
34 ¥4
32%
33 ¥4
33 ¥4
20th
Film Corp——No par
.preferred *
No par
prior pfd
No par
Twin City Rapid Transit.;.—No par
5% conv prior pfd :J.
50
Turin Coach
Co—i
—:
1,
$1.50
.
:
108 %
105 ¥4
105 ¥4
106
105%
*113¥a
114¥4
•114
*1137/a
114
11314
*105
108 ;
Xl05 ¥2
105 ¥2
*104%
108
*104%
108
*104 ¥4
lt)3%
*101
103 ¥4
*101
1023/a
*101
102 3/4
♦101
24%
23 7/a
146
147
109
109
•
22%
141
*
108 ¥2
*34
20
19
19%
108
108
347/a
19 %
.
23
.19
*1077/a
108
217/B
108 %
34 ¥a
35%
34%
108
22 ¥2
23%
144 ¥4.
140
*108
21 Va
¥4
23 ¥a
23 ¥4
23 ¥4
23 ¥a
143 ¥4
142 ¥4
108 ¥2
108 Va
19%
19
108
112%
112%
111
22
22%
22
22%
21%
193/4
193/a
*107¥a
1073/4
*107¥a
32 ¥2
3 2 V4
3 2 ¥2
32
32
*29%
30 ¥2
29%
29 %
113
*111
211'a
22 y2
21%
21%
32%
*112
*34
¥4
223/4
24%
.
Oil
Union
Pacific
111
112
400
35
19 ¥2
'
.
108
-
22 ¥2
22
21 ¥4
♦62
5 ¥4
477/a
8 ¥4
3 ¥2
48 ¥2
87/a
47 V4
8
.
85
90
*86
3 V4
62
3¥a
3¥8
4714
*47 ¥2
8¥a
86"
*84
14%
14 ¥a
14 ¥a
40 ¥2
59
55 ¥2
57
22 ¥2
22
22 ¥a
17
17 ¥2
16
17
14 Ye
407/8
22 ¥2
8
14%
41
58 ¥2
*107 ¥2
108
*107%
15 ¥a
16
15 Va
18
103 ¥2
*187 ¥2
18 ¥2
♦81
footnotes see
»
*39
32
*29%
31
5¥a
5%
*63
33/a
3¥a
47 3/a
477/8
8
31 ¥2
30
¥4
197/a
*
14 ¥a
14 ¥8
39
55
22 ¥a
22
16%
16
14%
471-8
39
14%
108
V,
55 ¥a
5 ¥4
62
3%
-
15
17¥a
19 ¥a
107 ¥2
17 ¥8
103 ¥2
*187 ¥2
190
18%
17%
*81
84
page
100
23.
7,800
62
.<
5%
Air
.'i.
Inc
Lines
preferred—
4%% -cum
Biscuit
20
.
193/4
50
United
$3
United
Electric
700
United
Engineering
107 ¥2
*107
15 ¥4
15
56 ¥2
!
-
8.700
2,500
22
14,700
16%
1,800
15 y4
20
20 ¥a
107 ¥2
*105 ¥2
*16 ¥2
98%
99
*187 ¥2
190
*187 V4
|17%
*81
19
17 ¥2
99
United
5,200
100 ¥2
.
18%
Gas
Coal
Cos
&
Fdy
30c
100
*81
84
84
*81
84
May
99 ¥4
Oct
60% May
Oct
135%
Apr
Oct
149%
Apr
Feb
59¥a Aug
Feb
49 ¥4 May
61¥a
Nov
20¥a Mar
100%
Dec
Deo
78 ¥4 May
July
30
108%
Jan
11
Oct
25
Feb
37%
Nov
60
Jun
37
Sep
53%
Jun
16 Va
Oct
41 Va
Jan
26% Aug
63
May
102 ¥4. Oct
109% Aug
13 ¥a
Oct
26% May
20 ¥4
Deo
39% May
21
Jan
23
Feb
14%
Oct
23 y4
Apr
I
18 Va
Oct
12 %
Nov
103¥a
Sep
Sep
61%
Apr
117
7%
Oct
38% July
24 V4 May
May
110
Jun
78%
124% Aug
May
14
42 V4
Sep
56% Aug
10%
Oct
Oct
Oct
24
17¥4
102
Apr
35% May
100
May
Deo
19 Va
Nov
23
38
1
Jan
55 Yi
Apr
Sep
21
Aug
13%
Sep
41%
Feb
25% Nov
30%
Jan
19 Ve
41
31
Nov
Nov
101
7% No*
Feb
109% Aug
16%
Jan
19% May
11%
Jan
9
6 ¥4
Deo
13
14%
Sep
25%
62
Feb
68 %
28
68 ¥a July
f
9% Mar
17% July 28
Jan
Jun
Aug
July
18
21
Sep
Oct
60 y4
35¥4 July 18
28s/a July
14%
Oct
26% May
18
21% Feb 18
35
Sep
65
May
13 ¥4
Sep
18
Sep
59 ¥2 Feb
13
47
Sep
61% July
17¥» Feb
13
15
Sep
30 ¥4 May
13 ¥a Feb
;
13
15
10
Sep
48
46%
July 24
58
8
5 8 ¥4 Feb
60¥4 Feb
Jun
32%
Jim
Oct
9%
70
Feb
Feb
Oct
20%
Jun
17%
14% Feb
5
227/a July
25
16
Dec
16a/4 Feb
11
14 ¥4
Oct
21 Va May
Oct
69%
Jun
Oct
112 ¥4
Jun
5% Oct
13%
Jan
'
59% Jan
38%
30
Mar 10
7 ¥4 Feb
3
102
1
32
106
39 Va Feu
' July
22
108 ¥2 Feb
21% Feb
13
24%
Apr
Nov
Oct
26%
Jun
66 y4
Jan
Feb
112
13 Va
18 ¥a
Deo
71
3
14
Deo
33%
Oct
12%
5%
7% Feb
7
20
Sep
105
Sep
16
July 24
22 ¥2
Nor
6
112% Feb
38 ¥4 Jan
Jan
17%
-
Oct
Oct
15 ¥2 Jan
19¥a Feb
08
16 Va
4
51 ¥2 Feb
Oct
38 Va
25
24
227/a Jan
18% Nor
99%
>
37 Va
6
Oct
Nov
21% May
Jan
114
Feb
Jan
Mar
22% May
63% May
79
May
48
Jan
0
46 Va
104
Jun
27
102 ¥a
Deo
16
Feb
11
11 ¥a
Oct
24
18
43 ¥4
Deo
71%
6
11%
NOV
26% Jan
51% Feb
15% Mar
106%
Jan
Apr
Apr
Range for PrevloiM
Year 1946
Lowest
t per share
15 ¥2
I per share -
Highest
$ per share
July 23
7
25
49
Sep
80% May
12
Nov
23% Apr
35 % July 28
23
Jan
39
58% Feb
15% Jan
May
110% July 11
88
Sep
125
Mar 31
111
Jun
115% Jan
106
July 18
106
Feb
111
Oct
104
Jun»
6
06
Deo
107%
Jun
115
20% Not
(
Apr
29
147
July 28
110
Oct
Mar
168% Feb
111
Feb 26
102%
Oct
120 Va Mar
-24 ¥4 July 28
10
109
'
5
Mar 27
28 ¥2 Apr
2
107¥4Mar l0
19¥aMay28
120% Apr
32
Sep
16% Not
101
Deo
19% Not
42 ¥4
Jan
37%
Jan
119
54 ¥4
Jan
Jan
1
22 ¥4 July 25
5%
United
U
600
U
S
8
Foreign
8
8
Jan
10
4 Va Jan
31
10
Jan
ll¥4May20
16
Feb
2
13
5
May 17
Jan 14
Jun
9
May 17
104 ¥2 Jun 17
12
Jan 16
. 15¥8 May 19
102
May 28
12¥4 May 19
86
May 19
187
July 16
16
May 17
80
Jun 30
43
Jan
2
59¥4 July 25
100
10
^
No par
Secur.
—No par
No par
_20
109
.;
preferred
Hoffman
4V4%
Feb
8 ¥4 Feb
83
10 ¥4 Feb
preferred
7 %
32% July 25
32
95
Freight Co_
Gypsum Go
$4.50
U S
23 ¥2 Jun 10
26¥4 Jan 15
4V4Mayl6
55¥2 Jun 10
''
-
78 ¥2 May 22
Improvement Co__13¥a
& Mfrs Inc com
1
preferred
Paperboard
USA
1,300
■
2¥2 May 19
47V4 July29
6V4May28
1
No par
Co
Fruit
United
190
17%
55
Deo
t
"
*17 ¥4
17%
Nov
37
Jan 16
21
100
United Merch
1,900
:
Mar
42 Va
5
Preferred
30
17%
98 ¥a
-
107 ¥2
17 ¥2
May
78
__5
1
;
United
10
108
*16¥2
190
preference-.—
Dyewood Corp
1,700
16%
r
common
14%
55 ¥a
Apr
55
70
100
Corp
40
*105 ¥2
♦187%
190
Cigar-Whelan Stores
$3.50 conv. preferred...
900
*21%
24%
116
20 ¥a
2l¥sApr
_J_10
No par
United
(3,500
17
20
Corp
8 ¥2
39
Apr
July 28
7¥t Jan
38% Feb
1
Fast
86 ¥2
17%
106
United-Carr
47¥4
14%
Apr
109 ¥4
"
8 ¥2
*38 ¥4
39 ¥a
Sep
Oct
Feb 17
14
20
167/a May 19
103¥2 Jan 15
No par
new—;
Co
Jan
Nov
98 ¥4
23% Feb 17
128
July 25
24¥4 Feb 7
47
Mar 5
19
Apr 1
37% Jan 28
27¥4Jan 2
28% Feb 13
; 104% Mar 11
10% Feb f.
May 21
30
-__5
100
Corp
preferred
conv
United
36,300
3¥a
98%
102 ¥a
84
United Aircraft
United Carbon Co. new___i—No par
200
5%
17
106
100
—100
No par
85 ¥2
47%
22
¥2
107%
147/a
.
'33/a
40
56
♦107%
5¥a
86 ¥2
*84
16
203/4
*105 ¥2
r
United
'
21
Co._
preferred
1,600
30
8
8
86 ¥2
54 Va
15 ¥4
107 ¥2
RR
Car
1,100
32 %
64
*62
21 ¥4
'
108
18 ¥4
20 ¥a
♦105 ¥2
For
5 ¥4
5 ¥2
41
series
f
*29 ¥2
62 ¥4
*62
63
3%
5¥a
of
non-cum
Union Tank
200
*
5 ¥2
4%
800
2114
32 ¥2
7,300
18,700
111
32
*21 ¥4
No par
California.—
_25
Union
400
series——_No par
$3.50
'
34
34
•
'—No par
pfd $4;50 ser No par
$3.70
Preferred
2,500
108 ¥2
34 ¥a
Preferred
—,
9,300
143 ¥2
108 ¥2
——
r
—-No par
Carb
&
•
No par.
'—5
Co—
Bag & Paper
Carbide
12¥a July 2
43 ¥2 May 19
9¥aMayl7
25 ¥2 May 19
■ 89 ¥4 Jan
15
xll2¥4 Jan 29
104V4 May 14
99¥a Feb 14
-20
Apr 14
120
Apr 15
105
Jan
3
1-
:.
Ruber
Asbestos
40%
Feb
| >■
# per share
far
July
Dec
"
(The)-
Corp
Un El CO of Mo
-10
24 ¥4
142 ¥2
109 ¥4
Union
20
1137/a
143 ¥a
23 %
112
•
Union
9,000
102 3/4
33 3/a
33
Union
13,900
108
*102.
1137/a
33%
106
Underwood
-1,200
'
1063/4
1137/a
106 ¥4
1143/4
35%
109%
.U
Udylite Corp
1,300
:"
-
'
May
104
34 ¥s
Range Since January 1
Lowest ;
Highest
,
EXCHANGE
'
17
17
13
19
'
*
STOCK
NEW YORK
'
13
101
Jun -2
15¥2Mayl9
"26¥» May 19
35 ¥4 May 22
102
Jun 16
7 ¥2 May 13
38¥2 May 19
- 9% May 19
No par
Corp
Fox
Cen
3,700
■-
£
34 ¥4
:
34%
108
5
—-—No par
preferred
$6
Truax-Traer
Shares
_
52 ¥4
12
52%
May
May
May
May
514 May
St'l_—No par
Tri-COntihental Corp
1
the Week
-
51 ¥2
! 14
13%
.
54%
40¥2
10 ¥2
.13 ¥2
14
__2
Williams
A
Transue
V
STOCK
•
No par
Corp___
May 19
May 17
May 10
Jan
4
May 19
18 * May 19
102¥4 Jan 2
15% May 19
$4,50
.
87/a
*8%
Thursday
July 31
July 30
t pef share :
103 Va
Bearing
Roller
Timken
:
Axle—
Timken Detroit
STOCKS
SALE PRICES
Wednesday
July 29
July 28
41
~
41%
13%
'
*
8%
*8%
8%
8%
*41%
39
39
104
*103%
104
*103%
104
13%
1Q
39
39
39
*103%
104
♦103%
*
t
40
110
22%
22
No par
—:
5
47
47%
*16%
Oil
12%
17%
14
preferred
$3.75
190
Associated
Water
47
17%
17
Tide
13
16
20
No par
l10
.
3,800
17%
15%
$3.50 cum. preferred
»
27
Sep
Sep
2
45 Va Jan
Nov
15 ¥a
13% Mar 0
16
16
20
14
13
27
10¥aJuly30
38
May 19
98
May 21
3¥4 May 17
No par
_100
'—No par
17%
167/a
7%
1'
-1—-25
—
RO —
Thompson Products com
4%
preferred
___Thompsori-Starrett Co_
106%
17%
16%
: •
5
9¥a
497/a
f 6¥4
163/4
_50
Corp.No par •
(The)
Co
(J
17¥a
106%
17%
-6%
12,200
.
—No par
*106 ¥2
106%
106%
16%
Steel
-
41
Jan 13
13 ¥a May 19
52 ¥2 Jun 16
12
May 19
—
preferred_1
Transit
Avenue
Thompson
..
21 ¥a
21
20%
%
106
106
t
1,200
28 ¥4
18%
7%
;__5
common
conv
15¥4 Jan
—No par
—
Co
diV
Thomas
100
4%
106%
17%
Mfg Co„
May
May
May
Mar
Jan
May
21% Jan
100
Co
pfd
Fail1
<•' Third
1,100
4%
17%
7%
Ry
Glass
conv
$2¥a
r
102 ¥4
4¥a
106%
*17%
$2.40
The
700
.44
44
*27%
20%
106
Pacific
A
Thermoid
2,700
*101 ¥2
102 ¥4
4%
29
*27%
1,100
25
i_l
"
101%
4%
99
21%
9¥a
10%
37/a
13 ¥4
55¥a
10 ¥a
46%
5
(The)
Thatcher
i
29
20 ¥4
10
Gulf
Texas
2,300
K
•__
Sulphur——No par
Texas Pacific Coal & Oil_——*10
Texas 'Pacific Land Trust _1
1
100
.
ll¥a
52
10%
43
101%
29
*28
11 ¥2
*51 ¥4
120
-
Gulf Producing
Texas
Texas
800
:
55
16 ¥4
*15 ¥4
11 ¥4
52%
9%
10%
10%
44
i
21
20%
*101%
103
*101%
16%
11%
51
♦9%
9%
21%
10%
*43%
*15
11%
*52%
9%
9%
55
20¥a May 19
97¥2Jun 25
t
5¥a May 19
9
5
(James)
Corp
Texas Co
1
.
11,200
16 ¥81' 16%
56%
16%
53
11%
*52%
49.
16 ¥4
*55
16%
*15
16%
54
11%
1
56%
♦55
*15%
48%
49
49
49
49
16%
16%
Irtc
Telautograph Corp
Tennessee
39,800
55%
t
10,700
16%
56
14V? Jan .2
30¥a Jun
9
22% Jan 27
:
Ltd—l—_
Prod's Inc.—No par
preferred..,'
:
■_
—No par
Symington Gould Corp
:
—1
Talcott
5%
xl5%.
(The)—'—4.16%
l
25
Amer
Co
International
$4
11%
*11
5%
x56
of
Co
Swift &
4,800
6 ¥4
5%
16%
17¥aMay20
101 ¥2 Jan 13
13
May 19
36 s- May 19
Bylvanla Elec
5%
57
88/a May 19
*
180
11%
16%
Sunshine Mining Co___J._4__„_l0c
Inc__—
Feb
33%
July 10
>
Jan
107 %
12¥eJuly28
7¥a Jan 11
327% May 27
2,500
-
101
*100
101
123
It)
12.50
4,200
'
56 %
'Jan
118
100'
cum)
Corp
Biscuits
Swift
5%
*11
11%
5%
(4%-95>
13%
84%
Feb 3
Feb 11
Feb
3
Apr 17
75% Mar 24
May 26-
51
—I
Sweets
300
4,300
•
24%
23%
7%
*11
:—■—No par
"
23%
22%
101%
1
Superior Oil of Calif-———,.25;
Superior Steel Coxp„___——
50
Sutherland Paper Co__—i.
10
*
400
'
24
24%
23%
22%
:
500
17%
34¥a
_l
Apr
Oct
14 Va
.10% May 19. •(
17 .
16
May 19
25 ¥a
10 ¥a May 19
15¥a
105
July 28
109¥2
——'—No par
Superheater Co (The) (___L—No par <
2,700
41 ¥2
34%
14¥4 May 19
19¥4Jun
3
"
*
34%
34%
;
-2,200
18%
18
18%
41%
35%
.
102%. 102%
7%
8
♦16%
35
*17
•40
18
17%
*101
41
Oil
Sunshine
3,600
120%
120%
18%
*40 %
18
17%
120
119
124
*118
18%
18
13 ¥2 May 17
A preferred___No par
pfd
*
"2,800
.
A
Sunray
51,600
:
19 ¥a 4
18 ¥4
19%
Class
30
10
10
.
'
40
9%
Mar 14
1
Co___—
Oil
May 20
„20
Corp
$4.50 series
Sun
-1,600
■
12
102
5
Inc
(The)
Corp
May 17
x35%May 13
5
100
Corp
& Webster
Chemical
37
u_l
•—_
Camp
Studebaker
Sun
10
-
11%
39 ¥4
9%
35%
6%
*122
123%
*122
9%
17%
♦11
56%
10%
35V4
*7%
106 ¥4
*55
9%
41
42
41%
*105
19%
20
127 "
♦124
106 ¥4
123%
10%
10%
3,800
Inc—
common;
prior preferred
Stone
t
31,400
12%
11%
:
5%
3,400
13 ¥a
217/e
12
39%
10%
41%
11%
41%
*:
13%
21¥a
56
Bros
Stewart-Warner
12%
*54%
123%
*122
Sterling Drug Inc
3 ¥a% preferred
Stokley-Van
22
*105
55
54%
56
54%
Stores
Sterchi
300
.
14
*12%
50
*
3
101¥aJan
6
10¥a May 19
41 ¥4 Jun
3
L S —No par
i.:
2,900
.
13 %
21%
12%
(The)
5,600
20%
21
13%
22%
23 ¥4 Jan
30%
18%
6
13
36¥a Jan
2
114¥4 Feb 18
125
Feb 19
63
July 24
44 V4 July 21
80
July 24
31¥a July 24
105
Jan 29
17¥s Feb 11
49
Feb
7
433/4 July 24
18
Jan
2
49
Jan
2
104 ¥2 Mar 5
19¥a Feb 7
24¥4 Jan
4
21 ¥4 Jan 3
" Mar 17
63
10
Nov
II ¥4
37¥2 Jan
101 ¥2 Jan
-37¥4Mayl9
25
Jun
96
92
18¥a Feb
5
45% Jan 2
112¥a Feb 11
May 17
May 17
25
series A
100
Spring ——1
1
100
19%
18%
*20
4
50¥4 Mar 11
Jersey
preferred
conv
Starrett Co
700
16%
15%
16
16
16%
19%
4%
309
81
89
preferred
Steel
00¥4 Feb
par
of. Ohio
New
20
"
104
104
of
of
Oil
Standard
-1,209
39
104!
*103
104
43 ¥4
43%
15%
39%
43 ¥4
40
*147/a
42
13%
42 ¥4
42:%
16
41
44
Oil
Oil
Standard
7,300
13
44 %
*43%
Standard
Standard
.
3¥4 %
13%
13
44%
-
105
*103%
105
*103%
105
30%
30%
30
Calif—No
Indiana.—.
of
Oil
23% Feb
17 ¥4 Feb
20
Jun
90%
5%
30
19
19
17 V2 May 16
No par
No par
prior
$7
800
61
60%
preferred
prior preierred
$6
500
109%
109 %
97¥4 Jun
65
Oct
16%
4
8
7
13
14
25
7
109¥2 Jan 16
26¥a Jun >3.
Standard G & E Co $4 pref__.No par
26,100
99
110
110
$4
*10,600
27
99%
25%
97
-110
101
101
26 %
27
30%
30%
30%
101%
*111%
112%
*1111/2
112
29%
101
110
101
113
111%
112%
30%
101 %
31
101%
•
Sep
Oct
73
8
Apr 17
80
.13% May 19
32
May 12
5
Sons common
1
No par
Standard Brands, Inc._-—_No par
$3.50 cum preferred.
L.No par
18%
35%
*100%
1 per share
par
Co
(ERi &
preferred
18%
July 26
.
13
I per share
64%
33
Z
50¥2 Jan
77
Feb
Jun 27
26 ¥2 July
16¥4 May
8
May
71¥zMay
__2
l
preferred——No
$4.50
Conv
*34%
Saturday
74 ¥2 Jun
,_1
1
& Sons new
Sperry Corp (The)
:
Spencer Kellogg
2,300
12
82
15
May 17
4¥aMay l9
0
May 19
non-cum
,
3,400
5%
10
26%
:
19%
20
Spalding (AG) & Bros Inc
1
Sparks Wlthlngfcon
-No par
Spear & Co
__1
•:
$5.50
preferred —_No par
6%
100
85
*9%
*80
85
5%
5%
5%
5%
10
26%
13
28
May 19
57¥4 May 19
300
%
Highest
I per share
S per share
Railway
No par
preferred
100
Mobile A Ohio stk tr ctfs
100
Southern
16,700
•9%
27
12%
39%
68 %
*80
85
20
39
*68
*18
10%
26%
27%
27%
40
70
39
Lowest
Highest
J per share
Shares
share
*67
79
5%
10
"80
85
*78
t per
69
39%
•67-
18%
I per share
Year 1940
Range Since January 1
Lowest
EXCHANGE
the Week
Aug. 1
July 31
share
37%
42%
79
70
t per
I per share
I per share
41%
STOCK
July 30
STOCK
NEW YORK
Sales for
Friday
Thursday
Wednesday
Tuesday
Range for Previous
STOCKS
LOW AND HIGH SALE PRICES
Saturday
Monday, August 4,1947
FINANCIAL CHRONICLE.
THE COMMERCIAL &
(482)
Mach
preferred
Corp
^
100
33
447/a
20V2
'12 ¥2
53 ¥4 Mar 27
23 ¥4
6¥a
78
3y4
44
8¥a
Oct
40
Oct
17%
Deo
89
Oct
Oct
Dec
71 ¥a Mar
TVs
May
Apr
Sep
Jan
56% July
10 ¥4
Aug
105% Aug
Not
21%
Feb
34 ¥4
Dec
56
Jan
41%
Oct
53% Aug
12 ¥4
30¥«
241/4 Jan
6
19 ¥4 Feb
17
12 y4
Oct
22
Apr
Aug
12
104 ¥2
Oct
110
Jan
110 Va Apr
187/e
Oct
Feb
21
0%
Sep
15% July
21 Va Feb
13
15 ¥3
Oct
32% May
Jan
28
101
Not
18 ¥4 Feb
3
13
Not
11
93
Sep
132
May
Deo
X205
Sep
Apr
19 ¥4
106
107 ¥4 Feb
196 Va Mar 29
33% Jan
94
Feb
6
15
187%
109 ¥4 July
29%
Feb
26
Feb
47%
90
Sep
98% Aug
Volume 166
Number 4617
THE COMMERCIAL & FINANCIAL
CHRONICLE
(483)
NEW
YORK
STOCK
RECORD
LOW AND HIGH SALE PRICES
Saturday
Monday
July 26
July 28
f per share
Tuesday
July 29
45
46
7%
42%
7%
7%
38%
,39
STOCK
22%
23
EXCHANGE
*9%
CLOSED
38
38
22%
9%
*9%
57
31%
37%
42%
37%
58 >/4
3.7%
22%
9%
58
42
57
30%
30%
30 Va
30%
30%
30%
30 3A
103%
*102%
103'/a
*102%
47%
1031/2
*102%
46%
47%
47%
150
151%
51
151
51 %
741/a
49%
73]/4
74%
"72%
147%
.
146%
20
*46
19%
72
*46
47%
7%
7%
10 %
8%
7
9%
109
9
8%
*45%
47%
*45%
18%
18%
5%
*17%
5y4
19%
*5%
8%
47'/a
92%
93
*175
*175
23
*83
84%
*17%
18
16
105
*45'/a
92%
93
*175
83
*175
83
16% '
21%
16%
*15%
33%
14
14%
14%
15
32 3/4
33
32'A
32%
313/a
21%
*
L
16%
5 :'/8
•
14%
32%
87%
*85
87%
*85'A
*85%
87%
90
*85%
90
90
32
*85%
*85%
*85'%
8
8%
7%
94
46%
•6%
92
119
90
•
*8'4
90
42 3/4
*41
42
t343A
32
32
*30%
-
■
313A
40%
40
35
34%
34
33%
33%
32
*31%
313/4
*30%
47%
102
7'A
34
5,400
93
941/2
2,900
118
1183A
140
*39%
41
40%
40%
35%
35%
400
"33%
33 v4
33
600
32%
32%
*32%
33
31%
*31
31%
72
*69
71%
15%
15%
*153/5
31%
92
*31
33
120
72
72
73
15%
15%
15%
15%
33'/a
*107%
*70
32%
32%
107%
10%
llVa
10%
10%
13
'13%
12%
12%
99%
16%
100
21%
*99'/a
16%
26%
32
Walker
io%
10%
103/a
10%
5,100
12%
16%'
25%
24
36
37
*21
21%
*23
24
35%
35%
*7%
86%
*86%
24%
24%
23
115%
118%
*108
114%
7
47%,.
86%
86'/a
22%
7
Mar
20
32
Apr
49% Jan
101
Apr
17% Nov
39
Feb
15
15%
Oct
253/4
13
Feb
Apr
35
Nov
58%
Apr
2
15%
Feb
Sep
6
30
Oct
20
83%
Oct
113
Jan
13
91%
Nov
115
Feb
Jan
7
53
May
36%
104% May 14
9% Mar 6
94% Aug
Sep
100
Dec
5%
Dec
26 V8
Jun
51%
Apr
Majl
108% Aug
12% Jan
99% July
63%
Sep
Feu
5
117%
Dec
97
Feb
123%
24
80
Jan
105
45
Feb
21
Apr
40
Dec
53
40
Jan
17
July
37
38
July 28
1
121
5
May 19
36% May 17
33'A July 2
32% Jun
4
Sep
45%
Jan
Feb
17
32%
Nov
52
Apr
Feb
Apr
32% July 31
20
119
*418
*103
42%
115%
*114%
41%
41%
110%
115%
40
110%
;
*109
■
86'%
*114%
41.
*40 y4
111
Z
July 28
Tuesday
July 29,
I per share
I per share
7%
7'/a
53%
51%
7%
53
6%
6%
7
6%
6%
*15%
16%
15%
15%
33'/a
34%
'31%
88
88
100
Wayne Knitting Mills
1,600
2,000
4,900
Wesson
86 %
470
24%,
118
'
.
115%
West
90
7%
m
13 4%
V
-
114%
40%
*109%
90
60;
.
6%
.
32%
X30%
X83
22%
22%
21%
36
36 %
3 5'/a
35%
30%
28%
30'/a
101%
106%
*43
101
101 %
106%
103%
106%
44%
34%
101
43
35%
72
*100
101%
102%
*66%:
.
*100
98%
32%
32
32
27
25
26%
13%
13%
*83
12
91
*30
31%
30%
35%
35%
36
6,500
28%
101
42
*66
29
28%
40'A
58%
106'% *
42
*41
72
*67
13
983/4
32%
13%
84
-
13% 91
*30%'
:
83/a
8%'
8%
83A -
9%
9%
9%
9%
98 Vz
9%
14%
is"--
98
14%
98
59
*17%
17%
17%
144
*134%
17%
144,
59
57
58
57%
51%
51%
57%
50%
51'/a.
50'/a
62%
62%
60
50%
*87
88
86
86
♦92
96
93
93
1
;
61%
58%
59%
*84%
-
86
93
64%
64%
63%
63%
*66%
67%
66%
66%
113/4
io%
39
,12%
39,,
11'/a
37%
>
37 /
*134%
*56%
v
50
59%
■*84%
17%
144 "
r,.
*63
66%
:, 11%
373/4
13%
•37%
13%
13'/a
13'A
•13'A
46'/a
46'A
46%
*46'A
47
67%
17%
18
17%
223A
23%
213/4
7%
7%
6%
>Bid and nsked prices;
y-Ex-rights.
no sales
on
17%
17%
18
67%
65'A
66'A
22%
20%
7
this
7
21'A
21%
*7
-7
163/4
Apr
43% July
89 Va Aug
29
45
7
Apr
2
90
Feb
4
34% Jan
2
106
Sep
115% Feb
13
1133/4
113
,
.
32% May 19
100
60
"
95
110
Feb
45
24
113
3
Feb
Jan
27
Oct
323A Nov
111%
Sep
Apr
119
Aug
122% Feb
117% Aug
II93/4 May
53%
Jun
116%
Apr
643A
Range Since January 1
Highest
>
I per share
11%
365/a
4,400
18%
18 Va
67%
68% T
17
17
7
Sewing
■
Mach Corp
preferred
21%
7
1,200
1,700
1
18
*27
Mar 29
71
Oct
90
preferred
Oil
14
&
Co
Oct
53a%
26% Oct
21% Nov
41%
393A
Jan
91
Dec
95
Dec
39
May
Jan
353A Jun
30% July 28
2
27
6
103 % Jun
30
94
55
Co
—;
Jan
24
York
Tovrne Mfg CO,
Corp
—:
cum
,1
56
Young Spring ft Wire
—No par
Youngstown Sheet ft Tube—No
par
Youngstown Steel Door
—No par
1,800
Zenith
2,200
Zonite
Radio
Corp
Corp
—
No par
Products
4
13
29% Feb
72
Jan
Oct
106
Jan
36% Nov
90% Nov
1
July 31
90
Feb
3
34
Feb
13
43
Jun
Jan
69
Jun
9
62
Jun
34
May 17
28
a Deferred
delivery.
- n
12Vz
15 Va
Oct
Jan
July
May
Jan
Jan
21
July
101
July
213A
142
Mar
160
34
Feb
Feb
52
Jun
May
62% May
Feb
1
13
'3
43% Sep
47
Sep
84% Sep
100
Apr
87 Vz
103
May
100
Feb
20
Feb
>8
70% Mar
?
May 21
533/4 May 17
May 17
14% May 19
New stock.
36
Mar 27
8ft
-
10% May 19
May 19
V. 14% May 19
5% Jun
105
263A
12% Sep
95 Vz Sep
May
233/b July
53/4 Oct.
5
18% Feb
45
Jan
6
Sep
75'A Dec
59'/a Oct
10
13% Deo
3
16% Feb 11
rCash sale,
33
Oct
74
106
Aug
Feb
82%
Apr
25%
Jun
61% July
23% Nov
27%
Jan
15%
35%
Jan
50% Mar 31
23
Feb
1
72% Feb
21% Feb
18
57% Sep
83% May
21
15
31
25
July 7
10% Jan 31
.
tin receivership,
44
53
41
15
44
68% Feb
:
63% May 19
8
62% May
107'A July
9
Nov
Jan
94% Apr
2
w
Jan
Nov
107%
60
11
84
30
11
19% Mar 18
145% May 19
2
Jun
11% Nov
81% Sep
15% July 24
27
83
27% Feb
213/4 Noy
9% July 28
43
May 19
48% May 1&:
•
Nov
Aug
8
173/4 Feb
145% May 19*
-
98
63
7
13 Vz Feb
63% Jun
100
7
16
~25
—_1
1.
Feb
34
6% May 17
10% May 19
96 % Apr 29
•
Jun
1
101% Mar 31
5'/2 May 17
w-5
—
preferred
•
29% May 13
<
Co——*.——10
No par
No par
Aug
44% Feb
May 28
% May 19
May 19
9% May 19
10
pfd
May 2
May 19
19 Vz
—.—-——10
Co 6% pfd—100
Iron
36
Feb
84
Jan
,1063/4 July 21
26
Inc—No par
——No par
Jun
18%
93
1—5
:—1
Jan
Apr
36% July 21
102% Jan
:T——r-2^
Motors—-:
323A
56%
101
Jan
24% July 14
•
May 19
% May 19
22% May 19
No par
Co
Vz
17
—1
preferred
4%%
10,900
11
42'A Feb
;
11
Sep
Sep
Sep
26
conv
35
90Va May
13 % Jan
5
—No par
Corp
Dec
Jan
57
3
$5 conv prior pref
No par
White Dental Mfg (The S S)„—20
White Motor Co„
1
Yale ft
»■
700
Jun
7'A
6
7% Feb
18 Vz Feb
4
May 16
9% May 17
27% May 17
Highest
f per share
27
100
Wright Aeronautical—^
WTigley (Wm) Jr (Del)
Wyandotte Worsted Go-—
1,900
13% V
75% Jan
$ per share
4
103
Erie Ry
preferred-
P & M (Del)—No par
4%% series—
100
Prior pfd 4%% conv series—^100
600
10% Jan
99
Prior
3,400
53/4 May 19
38 Va May 19
74
Lowest
$ per share
31
Lake
Steel
Woodward
—
46'A
21%
com-No par
A_——i.—-100
Worthington
13 V»
day.
tName changed -from
United Rexall Drug Inc.
x-Ex-dividends.
-
-No par
^.-No par
Woolworth: (F W)
20
.
—10
Ry
:
100 ;
preferred—..100
*
-190
&
$4.25
130
-
\
—1
Wilson-Jones Co
Wisconsin El Pow
30
Year 1946
Lowest
preferred
1,900
~
67 % r
11%
2nd
series
Wilson
46'/4
"
Range for Previous
STOCK
Pacific RR Co
conv
Prior
700
-
-
Maryland
9,300
86
*36%
21%
•...7
r
'
663A- 67%
16%
16%
18
57
67%
37%
18%
16%
9% Sep
31% Sep
85% Sep
12 3/4 Jan
7
pfd. .—loo
Pulp & Pap Co—:. .No par
preferred
Willys-Overland
300
50%
*62%
133/a
46 3/4.
16%
Jan
Jan
Wheeling
Wilcox
144
60
11%
14%
17%
Sep
47%
108
May
July
Feb
29%
Sep
48
16
343/4
31
115
_100
—
~
*84
•
"66%'."
46%
19%
69 Vz
653A
May 17
Sep
203/a Oct
4
14
*
17 V\ ""
,*92%
.
64 %■"
14
1734
6
37%' Jan
20
233A Aug
Feb
14
14,000
300
~
57
co¬
se
46%
-
18
41
102% July 18
67
Apr
9
$4
3,500
-
50%
>
94%-'.
11%
8
26 3/4 Feb
5
—1
llTVa Mar 11
14,600
98%-
,
*134
58%
50%
15
17%
-*93/
66%
v
*97
■:
63%
*62
37%
*17%
97
14%
93%
66%
11%
.
35 % Mar
May 14
98 Vz Mar 17
62 Vz Mar 27
White
100
100
8%
9'/a
143/a
97
•
4,300
31%
8%
93/4
15'/a
98
100
7,900
7
9%
*134%
Deo
——
common
*
*85
32%
270
1
26'A
13%
;
-
-
26
143/a
17%
25%
Jan
121% Jan
5%%
8,900.
9%
144
22
23% Feb
1123/s Jan
Wheeling
"lO
*
*31'A
/
"
15%
17%
Dec
27
17% May 20
20% Apr 29
30 Vb May 23
6
non-cum
$3.75
'
41%
985/a
31%
25%
84
;
140
101%
40%
98 3A
123/4
72
'
10%
*134%
22% Apr 28
105
Western
New
102%
*100
41%
91
*97
39
Corp—12%-.
cum pfd series A_:——100
3.80%
cum
pfd series B
-100
Weston Elec Instrument——12.50
Westvaco Chlorine Prod—
70C
9
♦96%
Jan
3%%
36
15
8%
18%
Westinghouse/ Electric
b
1,100
42
10
8%
Jan
30
Western Union Teleg class A-No
par
Westinghouse Air Brake—i—No par
26,700
IOI3/4-
*1053A
25%
*32
,
*101
106%
*30%
,
:
§9%
101%
1003/a* 100%
93 3A
31%
50
39% Jan
13
Sep
Sep
Preferred
5,400
*105%
25%
*30%
Oct
Nov
833A May 22
Western
300
21%
35%
*84
,
16%
21% May 19
110% Jan
3
113 % May 14
Va
4%
1,400
85
35%
72
,
500
21'A
*1013/4
32%
Sep
Jun
183A July
107% Feb
22
Western Air Lines Inc—
Western Auto Supply Co_:
1,100
32
'81%
35 %
12 '/a
91
30%
32
'
102%
25
100
7
Oct
20 Va
31
Par
;
21%
35%
98%
13%
*84
85
6%
16
102'A
*31%
;
18 3/8 Feb
Oct
Jan
EXCHANGE
3,700
,
32 ;
393/4
983/4
9%
*11% Mar
7
28
Co—. .No par
Co__. —5
NEW YORK
1,000
21'A
101%
26%
*31
3
13
106 Vz Mar
293/a
Jan
Shares
54
16
351/4
*100'/8
39
29
23% Nov
—:— .No par
4'A %
Sales for
*6%
101%
37%
37%
99%
53
6%
343/4
101%
40'/4
13 Vz Feb
19% Feb
May 21
27
"
15%
*81%
41'A
*66%
7
Jun
May 14
Indies
the Week
7%
T I Va
101%
72
39%
Friday
Aug. 1
f per share
53%
15%
106 »/4
41%
102%
98'A
51 %
*e%
29%
1017/8
105%
343A,
,
6%
15%
21%
35%
*101
43%
34%
101
*66
20%
24% Jan
105
STOCKS
7 Vb
Va
31%
28%
*101
«
r
.
83
34%
29%
22 '/a
Mar
133/4 Apr
Penn
West
■
60
111
July 17
31
6% preferred
West Penn Power 4'/a %
40
40%
110 %■/
Apr
Apr
109
1
Sugar Corp_„.
Electric class A_. .No par
preferred
100
West
130
54
21
Inc,——. —5
Snowdrift— .No par
&
233/4
Dec
5
Lt
preferred
conv
6,900
109
41
$4
Oil
86
Oct
98% Jun
5
Wayne Pump Go
Webster Tobacco
47%
Sep
15%
33 Va
.No par
Washington
Gas
86
11
11
:
Corp—
Waukesha
Motor
18
25
36% Feb
xl7% May 14
7% May 19
—100
Pictures-^.—
,7%
24
$ per share
Ye
52
>15,:
88
*85
7
51%
Petroleum
2
23%
*86'A
Thursday
July 31
July 30
f per share
71/4
Fdy & Pipe
75% Feb
17% Jan
30
'
Wednesday
52
Bros
Warren
34
*114%
109
—
16
21
103 % Mar 17
common—
preferred
21%
110
110
Baking Co
5 % %
Apr
13% Apr
29% Apr
par
.No par
500
23%
57
100
—
23
103
119
Co
Warren
',
2.i
100
.No par
.No par
Warner
1,000
,
preferred.
(Hiram) G & W„—. .No
47%"
23 %
110
'<:?•
LOW AND HIGH SALE
PRICES
19
20
86
5
—
7%
115,..
*118
112
,
47%
22%
*109
Monday
CLOSED
A
Co
preferred
Ward
:
13,500
37%
34
,,
7%
114%
109
*114%
25
V
.•
22%
34%
86 Va
23%
115
*114%
119
16'/a
25
*21
24
%
47
109
114%
42%
*110%
34
7%
46%
86%
24%
114%
*23%
.
35
70
37
21
4%
2,60n
99%
16 %,.
A
23%
21
*118
109
114%
7%
12%
99%
37%
23'/a
23%
34%
80
'
37%
21
,7%
46%
45%
86%
115
21
*23
107'A
12%
.
16%
24%
*24
-
23
35%
7%
46%
.118
99%
'
35
8'%
12%
16%
25%,-
37%
21%
107%
99%
:
25%
23
108%
12%
100
36%
46
EXCHANGE
30
Jan
X118
25
class
Feb
77% Deo
Apr
200%
94% Feb
Va May 19
69
May 19
100
Co
Walworth
23%
24
Walgreen
1,900
38%
*23%
1,209
21%
16
23%
800
33
*213/8
10
♦99y2
*21
lfi3/8
33
21%
24%
STOCK
Nov
39
5
preferred
Wabash RR 4%%
Waldorf System
21%
12%
16%
200
10%
21%
37%
July 20
cum
108%
24%
I per share
101
25
Detinning
7 %
107%
21%
!
100
16%
*70
15%
21%
107%
21%
22
26%
72
15%
107%
108
21%
.
Vulcan
May
25
49
100
prefered
Virginian Ry Co—
e%
preferred
Visking Corp (The)
187
18% Feb
35% May 19
No par
Chemical
partic
7
22
110% Jan
W
*70
Saturday
5
81 Pow $5 pref——
100
Va Iron Coal & Coke 5% pfd—100
500
35%
div
6%
Works
preferred
cum
Mar
29% Feb
3
01% Feb 13
July
27% Feb
Dec
Nov
Jan
U% July
Deo
8
94
Jun
18%
91
89
100
54
2
20% Jan
.—100
Va El
90
*34%
Chemical
Va-Carolina
Ry_
Sep
Sep
Jan
12% May 19
313/a July 30
86% July 24
2.50
Pac
Jan
Apr
128
11% Feb 10
22
Juh
93/4
20%
Oct
7
99
Feb
Sep
Nov
41
41
preferred
Nov
,7%
7
192
16
166
100%
17
13'A May 17
Co
&
non-cum
3'/2%
20
~
*86
.
Shreve
Victor
2,100
7%
•
Chemical
5%
Feb
29'A Jan
30
14% May 21
30'/a May 17
Vick
Feb
97%
55%
Feb
17
Feb
89
Deo
43A
Feb
20
21
84%
47
52
20
Feb
203A Nov
22
17
,Apr
Sep
142
18
10% Jan
Oct
80
187
Oct
65%
19
Apr
106
40% Oct
Mar 27
109 Vz Jun
2.50
—10
1,100
Vicks
-
Nov
*72
48% Feb 21
73/e Apr
1
12'A Feb 21
No par
Inc„
Vertientes-Camaguey Sugar Co-6'/a
87%
:
of Am
Co—
Co
32%
*101
.
100
7,400
90
47%
91
1
14 %
90
32%
313/4
*30%
Norman
Raalte
119
'34%
33
Vanadium Corp
Van
-*84
;
Inc__^
preferred
Van
*85%
„
Co
144
8
Feb
Sep
25% Aug
11% July
48'A Nov
1]
2b
23
Jan
100
11
Feb
Feb
Jun 2fi
May
'* 4%
May
79% May
165
May
19 y4
May
79
May
July 24
79 3A Feb
1
,
2
51% July 28
81
7% May 20
16
Jan
60% Feb
165
Jan 27
•44
—100
Pictures
300
7%
90%
90
32
35
102
4y«%
400
*85%
47%
7
preferred
15%
*31%
102
1
50
Steel Corp
1
Laboratories Inc
1
Leaf Tob
No par
Universal
1,300
39% Dec
150
May
pfd—a
conv
32%
*118
118%
35
35%
*34
118%
; *84
3A
1
92
V
90
*100%
...
cum
15 7/a
145/a
'87%
46 y4
73%
90
119
*84
*41%
47%
♦100'%, .102
7%
91%
120
119,%
'
%•'
8%
100
,16%
84
Dec
13
32%,
14%
31%
*86
*
%
34
60% May
Sep
36%
13
Universal
1,700
Nov
59
19
Jan
Universal
84
-25
non-c
Jan
19
Feb
39
29
Jan
200
213A
16%
10%
*33
preferred
Jan
May
Dec
'
19 Vz Apr
44 'A
13%
44
9
103 %
19
5
10
213/a
No par
Sep
Sep
25
35
73
*
19
8
I. 1,200
93
*83
Co
-
62
63A
July 24
5
17
1
4
177%'
common—_No par
100
Universal-Cyclops
100
53A
92%
177%
84%
16%
16 %
33%
>5%
.*
177%
*83
16
>
5%
93%
*92%
177%
22
102
3,700
i
19
5%
Corp
Tobacco
May
68
May
61% May
140
May
2d pfd_5
$6 conv referred —.—-No
par
United Wall Paper Inc—.——2
46'/a
153/a
92
8%
*17%
17%
*100%
I
105
83/4
19
34%
102
*100
8%
46%
15
102
Stow* $4.20
Steel
non-cum
*18
21%
48%
Stockyards Corp
United
19
15%
473A
United
2,700
S
Preferred
47
*17
34%
48%
3,000
*45%
6 3/4
16%
48%
U.S
U
38 %
50
—
2,00.0
93/4
84%
17
Preferred
—50
Nov
44% Feb
16
20'/a
6V2
5%
142 % Jun
Smelting Ref & Min
Highest
$ per share
37'A
13%
5
20 '/a
*45
5>/a
40% Jun
preferred—100
1st
non-cum
100
——-10
Co—1
500
93A
34%
*34%
1,200
6%
22%
*83
8%
U S
39
23
41,600
9%
8%
Rubber
7
Jun
'
47%
*100
S
—
13
23'A July 16
10
Apr 10
May 19
49% May 24
23% May 19
100
t per share
8% July 24
3
22
35
.—„10
„
74'/a
47%
:
177%
22%
i,6oo
20
pfd series A
58% Feb
53/b May 19
9'A Jan
Year 1946
Lowest
f per share
13
25% Jan
10
144%
9%
8%
*
U
900
■;
74
73
*45%
5%
92%
92%
177%
22%
:
6%
105
cum
Jan
16 V4 Jan
_1
Playing Card CoPlywood Corp__,
S
33A%
X41
No par
No par
A
1443A
20
1
U
140
7,200
49%
73%
74%
146%
*46
3,000
!
153
,
49%
9%
*100
8%
•/
152
73
73
S
48 y4
cl
conv
preferred
Pipe & Foundry
S
U
I
6%
9%
108%
73
*144%
47%
6%
10
*103
49%
20
*46
„
150%
73%
147%
19%
47%
.
6%
10'/a
*103
20
U
500
2,500
31
&
I per share
par
4 Vz %
i
103 Vz.
47%
49%
74
Partlc
Chemicals—No
U S Lines Co
300
■
48
150%
49
*146%
'
197/a
151%
48'/a "
74
74%
146%
76%
147
*149'%
"
50
74 Va
.L
74 Va
800
V
58
103 %
48
Industrial
Leather Co
I 17,800
42 3/4
49%
^
S
S
1
9%
*55
31%
48
*150'/a
>
42
57
U
Range for Previous
Range Since January 1
Lowest
Highest
Par
»
U
37 '/a
■
STOCK
■
2,800
22'A
36 Vz
YORK
EXCHANGE
2,500
7%
21%
9%
42
41%
*55
*
37%
*9%
NEW
Shares
44
*7%
22%
22%
40%
43%
7%
Sales for
the Week
.
share
103 %,
103 %
:
7%
'9%
,
$ per
44
'
43%
58%
43
7%
21%
9%
44 %
57
-
7%
Aug. 1
t per share
42%
21%
9%
44 %
-
42
Friday
July 81
I per share
43%
8'/a
Thursday
July 80
I per share
fper share
STOCKS
Wednesday
s
Special sales.
Oct
Noy
19% Deo
9
Sep
Jan
42%
Jan
14%
Anr
wdWhen distributed
23
24
THE COMMERCIAL &
(484)
Transactions at the New York Stock
FINANCIAL CHRONICLE
Transactions at the New York Curb
Exchange
United States
Foreign
Batik
Government
Stocks
Bond
Bonds
Bonds
Shares
Total
Int'l
Railroad
Number of and Miscel.
Bonds
Bonds
Sales
Stocks,
1,1947
(Number
Tuesday
Friday
Total
—
$217,000
$268,000
195,000
676.000
243,000
305,000
2487,000
314,000
224,000
5,255,860
(
Wednesday
Thursday
$3,197,000
3,971,000
2,965,000
$15,430,000
286,000
2,810,000
3 025,000
3,348,000
252,000
$1,255,000
5,255,860
573,000
$3,000
564,000
79,000
180,285
491,000
14,000
205,335
665,000
30,000
1,191,880
$2,843,000
4,126,690
$126,000
International Bank
*
$10,000
1947
$17,437,700
$2,765,500
(
643,000
506,000
695,000
$3,000
$2,972,000
'
1,191,880
Jan. 1 to Aug.
1947
,1946
1
1946
1,183,575
46,228,575
94,950,995
$2,843,000
$848,000
$44,858,000
$45,270,000
7,564,000
Bonds
■Domestic
13,723,000
1,725,000
—
576,000
1,000
Week Ended Aug. 1
Stocks—No. of shares
Bonds
U. S. Government—
$552,000
$2,000
1
216,993,003
151,609,743
$52,000
Stocks—No. ol shares
306,740
Total
Corporate
-Saturday Closed$550,000
221,600
Total
Foreign
Government
Domestic
277,920
1946
1947
1946
1947
1,1947
1 to Aug.
Jan
Week Ended Aug. 1
Weefc Ended Aug.
$18,462,000
$52,000
$1,725,000
Foreign
Shares)
Tuesday
Wednesday
Thursday
Friday
3,565,000
$52,000
1,1947
Saturday—
Monday
$3,682,000
4,842,000
1,088,900
1,391,300
1,171,230
837,130
767,300
.Monday-
Bonds (Par Value)
of
Week Ended Aug.
-Saturday closed-
Saturday
Exchange
Daily, Weekly and Yearly
Daily, Weekly and Yearly
Week Ended Aug.
Monday, August 4, 1947
;
1,255,000
1,433~000
42,791,700
51,003400
Foreign government.
126,000
228,000
3,724,000
15,430,000
16,983,000
555,993,100
740,273,500
Foreign corporate—
3,000
3,000
327,000
313,000
$18,462,000
Foreign
$18,426,000
$615,273,300
$808,714,500
" $1,079,000
$48,909,000
$53,147,000
—
,___
Railroad h Industrial
»
■I.
Total
Total—
$2,972,000
,
Stock and Bond Averages
Below
listed
on
the
are
daily closing averages of representative stocks and bonds
by Dow, Jones & Co.
the New York Stock Exchange as compiled
-Bonds—
-Stocks10
30
Indus¬
Date—
Rail¬
tles
Closed
10
10
First
Second
10
Indus-
Stocks
Grade
Grade
trials
65
Util-
roads
trials
Total
IB
20
Rails
Ralls
Total
ties
Utili¬
40
Bonds
Closed
July
26—,—
July
July
28—
29
50.72
35.85
66.15
104.34
110.79
92.94
107.57
103.91
182.05
49.53
35.59
65.05
104.30
110.66
92.57
107.44
103.74
July
30
180.91
49.04
35.44
64.60
104.34
110.52
92.24
107.47
July
31——
183.18
49.96
35.65
65.45
104.31
110.56
92.22
107.45
103.63
183.81
49.83
35.78
65.58
104.36
110.54
92.25
107.59
103.68
184.95
—
1
Aug.
Bond Record
103.64
New York Stock Exchange
«»
FRIDAY
NOTICE—Prices
-
WEEKLY
-
YEARLY
-
interest"—except for income and defaulted bonds.
Ca6h and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of
the week, and when outside of the regular weekly range 8 re 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 the column headed "Interest Period" indicate in each case the month when tne bonds mature.
'
are
"and
Figures after decimal point represent
one
or more
82d of
a
point.
■(.
LOW AND HIGH SALE PRICES
Saturday
Monday
July 26
Low
High
Tuesday
July 28
Low
High
July 30
Low
Friday
Thursday
Wednesday
July 29
Low
High
Low
High
High
EXCHANGE
CLOSED
100.25
*100.23
100.25
*100.23
100.25
*100.22
100.24
*100.21
100.23
Treasury
105.6
*105.3
105.5
*105.3
105.5
*105.3
105.5
*105.2
105.4
Treasury
*107.25
*
107.27
*107.26
107.28
lui.26
Treasury
*111.21
111.23
*111.22
111.24
*111.23
111.25
*111.24
111.26
Treasury
27/8s
101.10
*101.7
101.9
*101.7
101.9
*101.7
101.9
Treasury
2 Vis
Treasury
.
3s
*111.22
2Vis
2 Vis
*101.8
*101.8
101.10
*107.25
107.27
107.24
4Vis
3!/aS
*107.26 107.28
111.24
*106.14 "106.16
*106.13" 106.15
*106.12
106.14
*106.12
106.14
*106.12
106.14
♦112.16
♦112.15
112.17
*112.15
112.17
*112.17
112.19
*112.18
112.20
*113.18
112.18
Lowest
EXCHANGE
*105.4
Treasury
Year 194S
Bange Since January 1
STOCK
YORK
NEW
Bonds ($)
*100.23
STOCK
Range for Previous
GOVERNMENT BONDS
Sales fer
the Week
Aug. 1
July 81
Low
High
1947-1952
1949-1952
1951-1955
1955-1960 '
1948-1951
1951-1954
1956-1959
Lowest
Highest
Highest
102.13 Feb
4
102.22 Jan
6
106.1
1
106.6
Feb
21
108.21 Feb
4
108.21 Feb
4
110.3
Jun
111.18
Feb
112.6
Feb
3
112.6
Feb
3
112.21 Aug
115.26
Jan
101.8
July 24
102.6
Feb
4
102.11
Dec
102.12
107.5
Deo
109.22
Feb
113.12 Aug
115.23
Apr
113.3
113.3
Nov
Apr
106.13 July 24
104.14 July
106.13 July 24
104.27 May
Deo
«
113.20
Treasury
114.19
*114.17
114.19
*114.17
114.19
*114.19
114.21
*104.20
104.22
Treasury
2 Vis
2Vis
1958-1963
*114.17
*101.30
102
*101.29
101.31
*101.29
101.31
*101.29
101.31
'*101.28
101.30
Treasury
2 Vis
*103.21
103.23
*103.20
103.22
*103.20
103.22
*103.20
103.22
*103.19
103.21
Treasury
2 Vis
1949-1953
*104.22
104.24
*104.21
104.23
*104.21
104.23
*104.21
104.23
*104.21
104.23
Treasury
2Vis
*104.26
104.28
*104.25
104.27
*104.25
104.27
*104.26
104.28
*104.26
104.28
Treasury
*106.30
107
*106.30
107
*106.30
107
*106.31
107.1
*107
107.2
Treasury
113.18
'
*113.15
113.17
*113.15
113.17
*113.17
113.19
*104.21
104.23
*104.20
104.22
*104.20
104.22
*104.20
104.22
*104.21
104.23
Treasury
104.3
*104.2
104.4
*104.2
104.4
*104.2
104.4
*104.3
104.5
Treasury
103.21
*103.19
103.21
*103.20
103.22
*103.20
103.22
*103.20
103.22
103.21
*103.17
103.19
*103.18
103.20
*103.18
103.20
*103.18
103.20
Treasury
2Vis
*103.17
103.19
*103.16
103.18
*103.16
103.18
*103.16
103.18
*103,16
103.18
Treasury
*103.16
103.18
*103.15
103.17
*103.15
103.17
*103.15
103.17
*103.15
103.17
2Vis
2Vis
*102.20
102.22
*102.19
102.21
102.21
103.21
*102.19
102.21
*102.19
102.21
Treasury 2Vis
*105.26
105.28
*105.26
105.28
*105.26
105.28
*105.28
105.30
*105.29
105.31
Treasury 2Vis
*102.20
.
102.22
*102.19
102.21
102.20
102.20
*102.19
102.21
*102.19
Treasury
102.21
50
118.15 Mar
118.23
Feb
104.12
Feb~21
104.12
Feb~21
106
Apr
106.16 May
106~
Apr
105.29 Aug
108.4
Jun
107.5
Jan
108.4
Jun
104.24 July 14
105.22
107.27 Apr
1950-1952
1962-1967
—
___,
1963-1968
June 1964-1969
_.
_
_.
*105.1
105.3
*105.1
105.3
*105.1
105.3
*105.1
105.3
Treasury
*103.26
103.28
*103.25
103.27
*103.26
103.23
*103.26
103.28
Treasury
*107.8
107.10
*107.8
107.10
*107.3
107.11
*107.9
107.11
Treasury
2 Vis
2Vis
2Vis
105.8
*105.6
105.8
*105.6
105.8
*105.7
105.9
*105.9
105.11
Treasury
2 Vis
*102.8
102.10
*102.9
102.11
*102.9
102.11
*102.10
102.12
Treasury 2Vis
*102.9
102.11
*102.9
102.11
*102.10
102.12
Treasury
104.23 Feb
14
104.7
Nov
107.4
Apr
2
104.18 Apr
30
103
Jan
107.9
Apr
Jan
13
102.22
Jan
107.19
Apr
Jan
30
104.10 May
9
102.11
Jan
107.9
Apr
Jan
29
104.15 Apr
12
102.11
Jan
107.10
Apr
102.21 July 30
103.20 Apr
9
101.16
Jan
106.15
Apr
2
105.17 Jun
2
106.28
Apr
109.15
Feb
10
101.15
Jan
106.16
Dec. 1967-1972
105.4
14
Jan
104.2
Sept. 1967-1972
2Vis
107.11
104.23 Feb
104.4
104.7
.June 1967-1972
—
—
103.28
103.29 Jan
105.17 Jun
0
102.20 July 30
104.4
103.19 Apr
106.15 Aug
1951-1953
_
*102.9
102.11
*102.8
*100.15
100.17
*100.15
100.17
*100.14
100.16
100.16
*100.14
100.16
2s
108.17 Aug
*100.21
100.23
*100.21
100.23
*100.21
100.23
*100.20
100.22
Treasury
2s
1956-1959
105.17 Feb
7
.___June 1959-1962
102.16 Apr
18
—..
105.17 Feb
102,24 May
Aug
Sep
107.14
Apr
100.29 Jan
104.16
Apr
101.4
14
1 Off. 17
104.22
7
104.7
Apr
Apr
102
Apr
102.8
Dec
102.8
Dec
103.9
Jan
103.9
Jan
103.7
8
Jan
102
102.24 May
Jan
10~3~.22
Feb
—
100.23
*100.14
Treasury
*100.21
Apr
106.15 Aug
1952-1955
1954-1958
__
May
1966-1971
_.
Treasury
104.24 July 14
107.15 Jan
1965-1970
Dec. 1964-1969
_.
*105.6
102.10
2 Vis
*101.20
101.22
*101.19
101.21
*101.19
*101.20
101.22
*101.20
101.22
*101.20
101.22
*101.23
101.25
*101.20
*101.20
101.22
*101.23
101.25
*101.23 101.25
*101.29
101.31
*101.23
101.25,
*101.28
102
101.30
*101.28
101.30
*101.28
101.30
Treasury
102
*101.30
102
*101.30
102
*ll>1.30
102
Treasury
2s
♦102.4
102.6
101.21
.*101.19
101.21
101.22
*101.19
Treasury 2s
*102.4
102.6
*102.4
102.6
*102.4
*102.15
102.6
*102.4
102.6
*102.15
102.17
*102.15
*102.15
102.17
102.21
102.17
Treasury
*102.19
*102.19
102.21
*102.23
102.25
*102.22
102.24
*102.26
102.28
*102.26
102.28
Sept. 1949-1951
Dec. 1949-1951
March 1950-1952
Treasury 2s
102.17
102.22
*102.22
*102.26
102.24
102.28
*102.23
102.25
*102.24
102.26
*102.27
102.29
*102.27
Sept. 1950-1952
1951-1953
2s
2s
Treasury 2s
102.21
1951-1953
Treasury
Treasury
102.29
—
—
105.11
*105.8
105.10
*105.8
105.10
*105.9
*100.21
100.23
105.11
*105.9
*100.21
105.11
Treasury
2s
100.23
*100.21
100.23
*100.21
100.23
*100.21
100.23
Treasury
101
*100.30 101
*100.30
101
Treasury
IVis
IVis
101.1
*100.30
101
*100.30
for
Reconstruction & Development
10-year 2ViSi_
1957
International
101.12
101.18
101.5
101.10
101.3
101.5
101.3
102.21
101.5
102.27
102.10
102.20
102.6
102.9
102.6
102.12
asked
price.
No
sales
transacted
this
day,
a
Odd
lot
transaction,
101.5
101.8
102.12
102.18
r
Registered
555,000
1,170,000
bond
transaction
June 1952-1954
—Dec. 1952-1954
1953-1955
—1948
1950
2s
*105.9
*100.31
6
June 1949-1951
*102.20
*102.19
Jan'
25-year
102.12 Apr
102.12 Apr
102
102.6
July
102,4
July 22
24
24
102.28 Jun 13
9
May 27
102.23 Apr
1972
102.16
102.25 Apr
102.30 Apr
103.1
103.2
Jan
102.14 Nov
104.26
Feb
102.22 Nov
104.29 Feb
101.31 Mar
26
101.3
102.17 Mar
Jan
101.8 Apr
Mar
103.13 May
101.14 May
July 21
101.2
23
104.14
29
103.4
9
100.30 Jun
104.3
Oct
103.13 May
Apr
102.28 July 21
100.30 Apr
Oct
102.20
9
12
26
Jan 24
102.23 Apr
Bank
3s
,
March 1948-1950
2s
*102.15' 102.17
102.21
102.5
Dec. 1948-1950
Treasury
101.21
*102.19
Dec. 1959-1962
1947
2s
*101.30
_.
Treasury 2s
101.30
101.25
*101.23
*101.28
♦101.30
and
May 14
1956-1958
*105.2
BH
114.8
—
*103.26
102.11
May 14
—
*107.9
*102.9
114.8
1952-1954
Treasury 2Vis
*103.19
_____
2Vis
♦103.19
1960-1965
2Vis
2Vis
2Vis
*104.1
•i
Nov
—1948
*113.16
101.3
July 30
102.00 July 15.
102.4
July 17
103.4
July 15
-
Sep
Volume 166
Number 4617
THE COMMERCIAL & FINANCIAL
CHRONICLE
(485)
NEW
YORK
RANGE
Friday
York
Last
Period
Exchange
Stock
ENDING
Sale Price
Friday's
or
Bid & Asked
Low
High
Bonds
3%
X
Range Since
Sold
Low
Friday
BONDS
New
January 1
No.
York
Stock
Issue—
10,10
1972
Corporate stock 4 Vis
J-D
112
111 S3
A Costa
Sale Price
1952
1951
M-8
1949
6%)
extended
to
J-D
gold 5%s
External
gold 4%s
^
lADomlnlcan Rep Cust Ad 5%s
|A2d series
Wertheim & Co.
REctor 2-2300
120
New
York
Stock
5%s
Teletype
Broadway, New York
fund
bs_
1947
P-A
*67
AGtd
sink
fund
6s
1948
A-O
*67
(King of Norway) 4s..—1968
jAAntioquia (Dept) coll 7s A
1945
M-S
Akershus
IAExternal
s
f 7s
IAExternal
s
1945
f 7s series D
A External
AExternal
sec
AExternal
sec
series C______1945
J-J
45%
J-J
45'A
2
45%
11
25
45%
Bteitl
26%
43 %
Helslngfors
2
24
45
♦44'
25%
__
1
21
A-O
44%
44%
1
19%
44%
45
4
18%
45
2d
7s
3'As
45
45'
45
J-D
102
101% 102
11
J-J
104%
104% 105%
57
98
External
s
f
6s
External
s
f
F-A
95
96%
96
95
94
94%
39
94
94
94%
6
94
1949
7s
1955
.
-1955
(U S of)
external
8s
95%
M-S
104%
104% 105
108
14
113
113
16
108
J-J
J-D
114
6
1941
J-D
*58
J-D
47
47
10
1957
A-O
56
56
1
1979
A-O
1957
A-O
(Int reduced to 3.375%)
AExternal s f 6'As of 1927
115
60
73%
46%
43%
63
65
(Int reduced to 3.375%)
A7s (Central Ry)
Stamped pursuant to Plan
55
73%
A-O
46%
46 %
44
J-D
57
57
57
46%
46%
45
J-D
Stamped pursuant
59%
43
Netherlands
:
57%
13
55%
6
55%
65 'A
56%
2
55%
*56%
—
3%s Series No. 8
3%s Series No. 9
70%
*—
73%
70
73'A
83%
55%
67V.
62%
01 >"
58%
57
63
*55%"
58%
-
58%
55%
-
55%
——'
——
>
A
55
:
\
*57'A
54%
*55%"
59
*56
59'A
A
.
3%s Series No. 24—^.—_—
3%s Series No. 25—__Y
3%s Series No. 26—.
■>
56
(City)
f 5s
s
BuenoB
A 6s
Aires
External
External
3%
(Province
s
f $
s
of)
100
100
*ioo
~
99332
99%
J-J
J-J
M-N
M-N
A-O
A-O
105% 106%
108
*65
69
-•
105%
107%
23%
1
23
2
...
22'/a
s-
22% ,;23%
15
23%
23%
28%
24%
23
23
23
Sep 1961
fund 6s
23%
23
assented
assented
f $
bonds
footnotes
22
22%
22%
M-N
28%
33%
*33
40
36
40 Va
*28%
33
33
33
96 %
M-S
M-N
97
29
22
s
s
f 6s
F-A
M-N
extl
loan
of
100%
99
4
96
5
99
105
99%
104
M-S
*32
M-S
*25%
*99% 100
M-S
17%
39
;
25%
36
17%
25
16'A
22
63
15
21%
17'%
23
15
21%
19
21
A-O
__1947
A-O
*18
1968
A-O
♦12
..17
.
17*12
'12
1
J-J
12
12
26
29%
13%
"
12%
26
-
*15-
13%
16
21%
29%
'■12
*33
13
*27 :-
1966
*32.
J-J
*26%
A-O
*35'/«
A-O
i
F-A
2012
'
29
29
29
1926—,—1966
33
34
__
*26
29
30
35%
129
35%
32
39%
26%
35
34
40%
27
5
Y *27
32
*31
35
35
J-D
*25 Va
27
M-N
*32
31
lASan
,
Paulo
(City)
32
33
39
*31
25
31%
M-N
*34
42
38
42
*27
35%
32
37
*33
40
35%
42
*25
Stamped pursuant to Plan A
(Int reduced to 2.375%)——2001
A6'As extl secured s f—
1957
22
25%
24%
20%
M-N
*8%
*79'/a
J-J
*19 Vb
80%
49%
50%
of
1926_
1946
M-N
*46
of
1927-V
1947
F-A
*46
14
27
14
16%
78%
92
90
79
__
*44
49%
.(
''
2012
;
y
»
*26
•'
;
'
r.
'
34 '
27
•
For Ftnancitd Inetitutiona
FOREIGN
4
SECURITIES
HAUL MARKS & CO* INC.
25%
A-O
A-O
Stamped pursuant to Plan A
(Int reduced to 2%)——
90
.
62%
52%
50
49%
53
60
50
,
,
54%
50
-
J-D
2004
1952
8s
39
25%
35
31
32
*25
37%
25'A
,
'
1967
*1
27
35
J-D
,2004
33
39%
26
28
35%
A-O
Stamped pursuant to Plan A
(Int reduced to 2.5%)—___1999
external sink fund gold——1968
Y' Stamped pursuant to Plan A
(Int reduced to 2%)2012
municipal loan
Stamped pursuant to Plan A
(Int reduced to 2.25%)
24%
21
38
38
__
*32
F-A
.1946
A 7s
.
12<"
33
.
2006
Stamped pursuant to Plan A
(Int reduced to 2.25%)
21
.
J-J
J-D
2001 '
2.25%)
40
...
30 %
17%
A-O
...
36
17
A-O
7s
101
105%
17%
J-D
1961
1921
external loan of
Va
102%
99%
105%
x
:•
1940
A6s
A7s
98
99
♦104
27
22
J-D
T
105%
5
99%
100% 100%
J-D
M-S
_:_^_j^.l958
assented—
reduced, to
105%
99%
100
1947
7s~;
f
99'A
98%
1994
1st ser— -I960
s
99 V«
A-O
106
99 Vb
35
97
99%
99 Ve 100
1967
f 6s 2d ser
loan
100
26
21
*21
40%
96'A
*99% 100%
FIRM TRADING MARKETS
27
22%
M-S
M-S
29.
27
24
A-O
33
36
25%
23%
1970
page
23 Va
26%
22
22
6'As_—1947
see
22
23%
1951
Jan 1961
Bank
ASinking fund 7s
ASinking fund 7s
For
22%
Oct 1961
.--T—
s
40
*28%
27 3A
23%
of)—
—
Mtge
♦33
M-S
26 3A
23
A-O
1960
5s_-_;
22%
A-O
-I960
14
-Y
273A
27 3A
23
23
M-N
._1962
assented
(Republic
10%
*12%
25'/a
22
23
iiV1
J-D
1962
AChilean Cons Munic 7s—
22
23
J-D
—1961
10
J-J
28%
23
J-D
AGuaranteed sink fund 6s__—_1961
AGuaranteed sink fund 6s-
22
M-N
1961
27 3A
24%
J-D
1961
28
24%
M-N
1957
—
(Hukuang Ry)
A8s
,
*
M-S
Sep
23
23
15%
11%
7%
273A
assented
3s external
273A
23%.
ASinking fund 6%s_;
A Colombia
>
23
——
1928-
22%
J-J
A-O
Of
.
J-J
—
A6S Of 1927
,
1961
assented
—1962
AExternal sinking fund 6s„_—1963
A 6s assented
1963
AChile Mortgage Bank 6'As_
1957
A6S
.
1961
-I
A-O
Colombia
26 3A
F-A
Jan
A6'As assented
J-J
J-J
__1963
Stamped pursuant to Plan A
t
(Int reduced to
Rio Grande do Sul (State of)—
27%
27 3A
24
M-S
AChlnese
23%
23
F-A
1961
A 6s
64
—
23%
23
■
1961
—1962
..
>
110 %
82
Feb 1961
assented—
A 6s
11%
Y:
1
109'A
1
108
14
—Jan
f 6s
s
(Int
100%
106
9%
11%
J-J
1957
AExternal loan 7'As
Stamped pursuant to Plan A
101 Va
92%
Feb
AExternal sinking
A7s
100 Va
100
,_1960,
AExtl sinking fund 6s
A6s assented—
A 6s
100%
99 %
100
1960
assented
A6%s
100%
J-J
1942
A6s assented--.—^
,AExtl sinking fund 6s—
,
99
100
1942
7s
;
sinking fund 6s
ARy external
10
100
1954
f
s
-
M-N
A-O
17%
'V
*100
F-A
1961
(City) 8s
(Rep) External
A 6s
102%
1984
c,
r
101
M-S
1960
9%
18Va
"7%
*7%
A-O
do Janeiro (City of) 8s_. —,—1046
Stamped pursuant to Plan A
(Int reduced to 2.375%). ___2001
AExternal sec 6'As
1953
;
1975
25-year 3'As
A 6s
102% 102%
A-O
4s
'12
J-J
M-S
A Rio
104
M-S
—1976
102-
100
1977
bonds
assented
99%
9%
17%
J-D
1965
(Int reduced to 2.375%)-
*
*
100% 100 %
-1961
readj -43/8-4%s_;
s
f 4'A-43As
AExternal
62
*99% 100%
r
AStabilization
62
_1976
ACarlsbad
A 7s
J-D
55
54%
of)—
4 'A-4 'As—
f
s
(Dominion
AChile
F-A
1950
f 4'/a-4%s
external
Canada
M-S
1958
ANat loan extl
ANat loan extl
>>
62%
55%
J-J
Stamped pursuant to Plan A
(Int reduced to 2.125%)
__2008
(Rep of) external 7s__^1959
62
55%
9%
9%
'17
2008
Ext sec ref 3%s series B
62
55%
55%
_1957
.•
stamped
External
Refunding
57%
44%
12%
*8
Q-J
1956
Panama (Republic)—
AStamped assented 5s
Stamp mod 3'As ext to
61%
57%
12
29
♦99% 100
63
55%
—
Sinking fund gold 5s
Sinking fund gold 6s——
62
62%
105
6%
Q-J
3%s_____1957
Stamped pursuant to Plan A
54%
*55%
'
3%s Series No. 30—
(Kingdom)
—
*55%
M-N
1958
AExternal sink fund gold 8s—_ 1950
A4%s assented —:
--.-1963
APorto Alegre (City of) 8s——_)L961
62
54%
56
44%
A-O
A4%s
62
54%
*55%
3%s Series No. 28———s—»
3%s Series No. 29——;—
it
61
*55%
,
3%s Series NO. 27-.
Brisbane
V
55
6%
44%
Plan A
lAPoland (Rep of) gold 6s
A4 % 8? assented •
67% : 61 ;
*55%
*55%
100 Va
104
6%
1955
\
61%
55 Y 62'A
3%ff Series No. 19—„-Y
3%s Series No. 20———
3%s Series No. 21—
15%
102
93
100.
57
*55% .57
-
16%
9%
100
93
J-D
,
62%
55%'. 62%
105
10%
*104
J-J
APeru
■
3%s Series No. 22———
3%s Series No. 23—
-vy
to
APernambuco (State of)
62
56
1-63% r63%
*55%
Y:
.
—-
55%
*56
—-
93
1963
.
55%
,55%
35
103
1970
,
73%
—
18
5
85
83%
78%, 83%
'78
3%s Series No. 11———
3%s Series No. 12
3%s Series No. 13——
3%s Series No. 16
3%s Series No. 17
69% j
76
,
3%s Series No. 14
3%s Series No. 15
•"
65
68
.
3%s Series No. 10
65%
55%
„
*69
—
65%
55%
♦56%
;
53%
48
18
10%
Municipal Bank extl s f 5s
Oslo (City) sink fund 4'As
65%
56%
62
40'A
36
4
22%
External sink fund 4'As
4s sink fund extl loan
3 'As s
f external
61
56%
56%
56%
3%s Series No. 5——
3%s Series No. 6
3%s Series No. 7
3%s Series No.
57%
50
11
*9%
10%
100 % 100%
A
(Int reduced to 2.125%)
56%
3%s Series No. 2—
3%s Series No. 3
I
3%s Series No. 4
,Y
♦44%
,54%
40%
*104
J-D
1943
Norway (Kingdom of) 4%s_
A-O
54%
36
A-O
(Int reduced to 2.125%)-—2008
ASec external s f 6'As--_
1959
A
—1978
100'/a
93'/a 102%
..
70
(Int reduced to 3.375% )
1979
External $ bonds of 1944 (Plan
B)—
3%s Series No. 1
;
,
1957
1954
AAss'td to Nov 5,
1942, agree_1963
Minas Geraes (State)—
63
1952
101%
*10
M-N
AAss'td to Nov 5, 1942,
agree_1963
lATreasury 6s of 1913 assent
1933
funding bonds of 1931 due—1951
Stamped pursuant to Plan A
,*
i960
f 5s
external s f 6%s__
Stamped pursuant to Plan
1979
(Int reduced to 3.5% )
s
A Sec
46'/a
♦56
.Stamped pursuant to Plan A
102%
101
93
—
40%
A-O
1942, agree_1968
AAssenting 4s of 1910
1945
55
101
"l
101
36
A-O
1945
AAss'td to Nov 5,
1942, agree_19G3
AAssenting 4s of 1904
1954
AAss'td to Nov 5,
70
Stamped pursuant to Plan A
.
1952
AAss'td to Nov 5, 1942,
agree_1968
(US) extl 5s of 1899 £
I945
109
57
101%
102%
102
10%
AAssenting 5s of 1899
107%
45%
101 Vb
101
*52
M-S
A Mexico
107%
88
1
101
J-J
i960
A4%s assented
'
106
60
—1978
(Int reduced to 3.5%)
AExternal s f 6'As of 1926
>
f 6s series A
Jugoslavia (State Mtge Bk) 7s
(Colombia) 6%s_,
Mexican Irrigation—
99%
103%
.
Stamped pursuant to Plan A
.
s
(City) ext 6%s
AMedellin
101
F-A
84
1968
102
J-D
1962
92%
26
A
.
109%
1956
6'As—c
,
12
1954
paid
Irish Free State extl
103
104%
1966
——:
Belgium external
paid
part
(Republic)
90%
93%
J-J
1949
part
A 6s
45
A-O
f
44%
115%
115%
89
♦100%
J-J
45
series—1957
1967
7s
A 7s
46
112 Va
113
*100^ir 103
A-O
J-J
Republic extl 7s
Greek Government—
45'A
J-J
104%
115%
107%
91
A-O
1,1976
1,1976
1,1976
French
79
105%
97%
f 7s 3rd series__1957
s
15-year 3%s
1
81
79
Jan
$
(Republic of)
13
A-O
20-year 3'As
lABrazll
79
80%
1957
AAntwerp (City) external 5s_.
1958
Australia (Commonw'lth) 5s of '25-1955
10-year
80%
J-J
1st series
s
Jan
97%
104%
111%
of)—
Jan
f
s
97%
45'/4
1945
f 7s
s
(Republic
4a extl s f $3%s extl s f $
AEstonla
sink
7s series B:
Salvador
97%
100%
*102 A
102
102
*102
M-S
1969
20 Va
95
91
A-O
_1969
96'A
16
High
93%
A-O
1961
series
3s extl
••
AGtd
f
1st
84
Low
93
A-O
__1940
NY 1-1693
Agricultural Mtge Bank (Colombia)—
s
5'As
5%s 2d series
„
iAExternal
fund
87
11
*89%
93
M-S
1940
Customs Admin 5%s 2d series
Exchange
El
Foreign Govt. A Municipal
sink
F-A
1962
40
87
'113
J-J
1942
90%
'113
A-O
A-O
1942
External
No.
'104
A-O
1955
IA Denmark 20-year extl 6s
115%
J-J
i960
IA 1st series 5%s of 1926
Members
Range Since
January 1
Sold
*17%
19%
'102%
100% 100%
115% 115%
F-A
1977
.>
Foreign Securities
Bonds
High
89%
M-N
1949
4%s external debt
to
Friday's
87
M-N
Sinking fund 5'As
1953
ACzechoslovakia (Rep of) 8s ser A_195l
ASinking fund 8s series B
1952
Stamped assented (int reduced
Telephone
or
Bid & Asked
J-D
1953
Rica
(Rep of) 7s
Cuba (Republic of) 5s of 1914
External loan 4%s
i
130
130
(City) 5s
gold 4%s
25-year
114%
112
A-O
Last
Period
Low
Copenhagen
Corporate Stock
Week's Range
Interest
Exchange
High
New York City
Transit Unification
RECORD
AUGUST
Week's Range
Interest
BONDS
New
BOND
WEEK
FOR
FOREIGN SECURITIES SPECIALISTS
50 Broad St.. Now York 4, N. Y.
Telephone HAnover 2-0050
Teletype NY 1-971
41
25
26
THE COMMERCIAL & FINANCIAL CHRONICLE
(486)
NEW
BOND
YORK
RANGE FOR WEEK
Friday
BONDS
New
York
Stock
Last
Period
Sale Price
or
Paulo
(State)
,—1936
8s
A 8s
*48
J-J
57
58%
—
Low
New
J-J
*45
51%
laod
M-3
*46
52
2004
J-J
t
dollar
loan
42%
1968
J-J
2012
A-O
1940
Stamped pursuant to Plan A
tint ituuced to 2% )
SASecured s f 7s
A-O
42 Va
67
ARef
50Vb
56%
56%
42%
4
50 Ve
*41%
50 Va
60
55
85
A 8s
secured
series
*
91%
AGeneral
'
S'6 %
91%
--
sec
extl
7
Af-N
7
J-D
*10%
14%
1957
J-J
96%
97%
1946
26
fund
6s
1960
Af-N
6s
1964
Af-N
*130
External
1937)
#-N
1979
External conversion
4-4Vi-4%s extl
101%
—
—
130
#»-«
•
—
—
89
89
90%
—
1979
88
89
J-D
*89
91
1978
F-A
93
94
1984
3'/as extl readjustment
i
A Warsaw
(City) external 7a
A4Vis assented
Af-N
1978
conv
readjustment
J-J
136
,
1958
«
1958
20
*8
F-A
102
12
—
&
RAILROAD AND INDUSTRIAL COMPANIES
1948
Alabama
Power
1st
101 &
1967
M-N
105
1972
3lis
mtge
Af-S
J-J
Albany & Susquehanna RR 4V2S—1975
Alleghany & Western 1st gtd 4s__1998
Allis-Chalmers Mfg 2s debs
Amer
mtge
100%
106
108 Va
M-S
115%
115% 116%
406
109%
1331/2
F-A
100%
100% 100%
99
A-O
101%
101 Va 101%
22
1986
J-J
J-D
debentures—
debentures
2%s
debentures
conv
Amer Tobacco Co
3s
A
198'/
Arbor
Nitrate
Adjustment geld 4s
Stamped 4s
1st
&
102 VB
A-O
Atlantic Coast 1st
4s
cons
unified
A-O
1995
4Vis
100%
97
iio%
22
102
105
51
104V2
971/2
A-O
1 1995
1 1995
Ry—
—1963
Nov
July
85%
1st 4s
*114
M-N
104
110
J-J
104
110
J-J
J-J
1966
128
10
27
111%
34
34
*20
.
19
27
3
mtge 5%
Fixed
at
A4%%
Div
July 1 1948
Feb
3%
contingent interest)
Series
G
Series
K
A-O
95
96%
1960
May
49%
1950
1
J-J
88%
1st
1041/2
28
lst
1111/4
3Q%
102%
96%
94
103%
86%
r
Series
Ref
4s
J
97 %
116
86%
52%
285
35
59
88%
62%
Af-S
62 Va
Af-S
62
West
89
53
70
62
'
65%
90
54
J-D
_1959
65 %
74
51%
J-J
65%
69
52
ref
4s
1951
J-J
—1951
1st
J-J
3%s__,1951
Telephone of Pa 5s series C—1960
Beneficial Indus Loan 2%s debs
1961
Cons
Cons
Boston
1st
mtge
&
A-O
2%s
ser
J_
J-J
,
102%
debentures
M-N
modified
130
—
*99%'100%
102
*101%
A-O
—
J-J
83
M-N
53%
F-A
(interest
to May. 1
1947)
due
47%
1A 1st & Coll 5S
Consolidated
Bush
Term
1st 4s
;
Bldgs 5s gtd
General
76
76%
57
69
55%
58%
63
49
64%
68%
68%
71
73
61%
83%
99%
101%
Wab
-Apr
J-J
67%
67%
76
26
J-J
85%
84%
88
1934
88%
59
77%
157
66%
88
404
M-S
———I960
,
79%
78%
A-O
——1952
51%
39
55 %
60%
41
42%
62%
15%
16 Va
308
12%
27%
102% 102%
15%
"Af-N
55
57
53
J-D
1951
J-D
10
101%
♦81%
83
80%
♦78%
81
76%
,1963
105% 105%
104 % 104%
,1963
105%
4
3
25%
80
1975
104%
100
93%
85
105%
107%
106 %
105%
103
25%
28
104%
108 %
4
105%
107%
2
24%
34%
24%
105 %
106% 106%
34%
60
81
♦25
5s__1952
cons
105
97
.1994
——
•98% 105
.1994
2%-4%s
series
&
coll- tr
81
104% 104%
♦112
"7
18
103%
105%
112
113%
102%
—
1st
♦97
86
1993
95%
1993
J-J
4s___ ,1991
gold 4s_\—
3s
J-J
1990
105%
129
9 7'/a
86%'
%
92%
75
95%
99
81
88
10
92
96%
45
65%
82%
106
76%
64%
80%
♦69%
J t-J
108%
71 %
95%
"M-N
,1970
3%s
D
3%s
1st
75%
—
98
•—•
.1977
Pittsburgh RR4—
.
gtd——.——— .,1948
.,1950
gtd—
Cleve Short Line 1st gtd 4%s_r—1.,1961
100
127
E„
*104%
95%
15
92
108% 108%
6
108%
109%
102%
104
96
&
C
Series
98%
92
B—,,—1—,
Mich- Div
1st
'
M-N
«•—
♦102%
'
F-A
104
104
5
103%
A-O
—-
104
104
1
100%
107
107
;
Union Terminals Co—
.,19^2
104
108%
.
A-O
1
105%
109
1——.,1973
A-O
105%
105 Va 106%
28
104%
107%
4%s series C—J——L.,1977
A-O
105
104% 105
13
5%s series A
mtge 5s series B
1st mtge
Colorado
&
Southern
,
103% 106%
Ry—
Af-N
.,1980
A-O
5
101%
1031/4
1
98%
100%
*
—
83
100
Columbus
Sou Ohio
dfc
El
Commonwealth Edison
64%
A-O
J-J
Conn
,,197^
3s series L__*
Ry & L 1st & ref 4%s—,.,,1951
Conn
Rivqr
__196l
42
66
Consolidated
27%
48%
A-O
36%
1st mtge
3V2S
3
10
6
33
37
10
IO2V2
95%
♦105% 106
——
3%s A—
Cigar Corp 3%s
Pwr
108
107%
1st
1031/4
1st &.ref mtge
&
ref
55%
13
25
39
Crucible
103%
91
63%
105 V4
106%
102%
109%
103%
*109% 110%
110%
—
105
1st
Power
Baking
ACuba RR
B
♦103
18
108
102%
104
102% 103%
108%
108%
105 Va
103%
102%
104%
M-S
103
10
102% 103%
A-O
100% 101
15
100'/a
J-D
103% 103%
45
103 %
44%
J-J
46%
101
103 Vb
7
103%
30
47
44%
46'%
6
34
45
46 %
4
33%
461/4
104%
106%
102
104
mtge
2%s—1975
3s
1st 5%s
1942
.M-S
105%
105% 106
102% 102%
J-J
M-N
31
1
99%
♦99
JD
♦51
46V4
98% 101%
53
53
63 Va
40%
39
78
1
76%^
34
11
32
38 %
38%
38 %
32
38%
46
15
38
45%
521/4
~
J-J
receipts
1946
J-D
A-O
Af-N
38%
J-D
deposit rets
2
33%'
1952
40 %
78
———
A deposit rets——.—1946
ser
—
103%
107%
1081/4
J-J
1st 5s gold
ser
A-O
J-J
18
-
"106% 106 %
J-J
debs——1965
1st mtge S'/sS—
1966
Steel
107% 108%
♦108%
■•
1956
4s.,:
4s
Northern Ry
ADeposit1 receipts
106
—1977
108
J-J
deb 4s_;—1954
—1955
Ry non-conv
JACuba
97
1982
A
ser
2%s ser B
mtge 2%s scr C—,1972
Consumers
72
,.1965
,,,—1958
2%s
mtge
ref
JAConsol
102% 104
f
s
debentures,,
100%
101%
\
44%
6
5
51
Consolidated'Edisoh of New York-
43
274
93
18
105% 106
102 Va 102%
*113%
-F-A
54%
*__
,,
-F-A
96%
104
Continental
A-O
M-S
91%
48V2
.
—
F-A
961/2
53
66
■
,
81
100%
94
84%
45
63%
.,1955
105%
Co—
46
—
ADebenture
Af-N
50%
M-S
„1948
3%s,_1L_1970
^ADebonture
38
86%
•
44%
"
J-D
1974
M-N
.1962
A-O
.1957
J-J
*105%
f—.
104%
__
*104% 107
106
106 y4
107
106 Vb
113
10
118
110 Va 110%
120%
11
110%
113%*
111% 111%
116% 116%
Dayton Pr & Lt 1st mtge 2%s——1975
Dayton Union Ry 3%s series B_,_1965
Deere & Co 2%s debs.
1965
1
111%
114%
Delaware & Hudson 4s extended
3
108 VB
108
118 VB
118 VB 118 V4
109
3
1969
J-J
.1970
J-D
111%
.1955
J-J
116%
A-O
116 >/4
116%
115% 116 V4
109% 109%
119 Va
10
115%
2
103%
109V8
103% 104 VB
79
108 V4 108%
13
D
119%
.1956
.1951
F-A
'
1-
F-A
.1965
♦99 % 100
F-A
deposit————
4s
Elec Ulura
Cleveland
at
M-S
Carthage & Adirondack Ry-
105
stpd
series A:
impt 4%s series
Div
L
1st &
National Ry—
Guaranteed
105%
.
4%S__Jan 11999
5s
1057/a
104%
105%
75%
56
103%
103% 103%
.1976
Guaranteed
45%
99
J-D
ADeposit
Guaranteed
6614
.)
32
76
———————1951
5s
&
A6s
Guaranteed
50
87
Apr
101%
Af-N
1960
25
94
Apr
14
106% 106%
1955
10
42%
40
♦91%
J-J
!
102%
.
101% 102
1952
88 %
140
RR—
A__Jan 1 2019
100%
M-S
-1934
—--i.
5s,
.79%
57-'
56%
J-J
J-J
.,1969
G————1974
A7%s
Canadian
J-J
-
1956
mtge -gtd 3%s series E
Cin
<■105
JBurlington Cedar Rap & Nor—
Bush Terminal
1983
,—2003
98%
J-J
1957
44%
25
129
56%
1st mtge 2%s ser
City Ice & Fuel 2%s debs—.——1966
City Investing Co 4s debs
1961
-
3%
68
;r3
45
—
1969
Buffalo Niagara El 1st mtge 23/4s__1975
Buffalo Rochester & Pgh
Ry-—
Stamped
91%
~9
94
1976
mtge 2%s
130
54
Columbus & Tol 1st- extl 4s
F-A
Gen
96
94
100
1950
100%
52
25%
Ref
96
102 VB 102 Va
Bklyn Union El 1st gold 5s__
4s
79
M-S
mtge 5s series II
—1955
mtge 4%s series JJ_—
1961
mtge 4s series RR
—I960
Ainc mtge 4V2S ser A
July 1970
JABoston & N Y Air L 1st 4s
1955
Gas
24
M-N
1st
Union
90%
1967
1st
94%
51
106%
•
84%
1976
5s series AC
1st
Bklyn
1
97
*127
—
Maine RR—
mtge
60
84%
*94%
,
Af-N
1970
40%
104
34
83%
130
115%
98%
51
.,1971
Corp—
2%s ser I
114%
1127/a
■
Steel
mtge
84
31
A-O
Bell
Bethlehem
76 %
95
89%
94
112%
19
J-J
2%-4%s___
1st mtge
■
124
107
88
New Orleans 5s_—1951
ref M
Cleveland
)
Extension
102%
♦80
130
,1962
'
4s
stamped
Creek
73%
—
132
115
102'
37%
Af-N
4s— .1952
73%
73%
-
94%
73%
Bangor & Aroostook RR—•
Con-
J-J
conv
St
M-N
107%
126%
128%
99% 100
Af-N
——1989
ef
-
4%s
Series
Toledo Cinn div ref 4s A__
Beech
&
Cleveland
1980
104%
113% 113%
4%s series D—
74
62
62.
•v
104%
89
101
Va
A
;
143%
137
14
80
—_—,
J-D
2
34
124
105% 106%
♦114
102%
51%
102% 104 Va
♦122
J-J
107
39
14
Cine Gas & Elec 1st mtge 2%S
Cincinnati Union Terminal—
—
—due Dec 11993
&
series
J-J
105%
86%,
3s ser B
1st & ref
■■
101
96
6% (2%% fixed
contingent interest) —
Pgh Lake Erie
♦126
1994
Chic & West'n Indiana
i'
49
v
138%
106
J-J
'
103%
85
Cleve Cin Chic & St Louis Ry—
General gold 4s—.
due Dec 1 1993
Series M—
Ref & gen mtge
and 3%%
138.
;
27%
108
103%
46'
105
—'
105%
*
Chicago Union Station—
1st mtge 3%s series F
1st mtge 2%s ser G—
41
•
due Mar 1 200o
due Mar 1 1996
—...
M-S
M-N
Jan 1 2044
conv- inc
3 % s'
Income
1st
mtge 5%
(gixed int at 3%%)
Ref & gen mtge 5%
(2% fixed
and
95%
bonds
18
♦103% 103%
5t AChilds Co deb 5s part paid— ,1943
§ A Debentures 5s part paid- ,1957
A-O
24%
♦42%
F-A
36%
24
106
85%
B
ser
A Certificates
107%
(interest
4%)
convertible
S'western
1948
5
86
J-J
Pac
SAChoctaw Okia & Gulf
July 1
30
103% 103%
J-J
1985
Memphis Div 1st gold 4s
Chic Terre Haute & S'eastem Ry-
Baltimore & Ohio RR—
1st
mtge
Gold
B
•
40
1988
AConv gold 4%s—
107
-.
mtge 4s
Stamped modified
41
24%
J—Jan 1 2038
ser
.
118
104
&
inc
j
119%
f
1st
25%
18
♦104% 106
.,1982
A
ser
Chicago St, L &
112 Va
19
*102 % 103
—
65
37
.
..
132
104%
Paul
§ARefunding gold
116%
3
106 VB 106%
106%
J-D
1948
1948
59
1037/e
F-A
——1997
50-year 4s
conv
96
■
22
33
30
F-A
partial redemption——
1927
JChicago Rock Isld & Pacific Ry—
AGeneral 4s—'
1———1988
951/8
96
129% 130
■
74%
*22
25%
••
115% 115 %
M-S
1964
mortgage 4s
Atlantic Refining 2%s debs
■
109%
34
♦105% 106%
F-A
t§AChicago Railways 1st
1061/3
86%
Sou
4%s inc
1st mtge
100
97 %
St
mtge 4s
2nci
'
M-N
1952
Second
129%
66 %
27
20
108
—
73%
A-O
F-A
5s_
42%
33
F-A
Chicago & North Western Ry4-4
Va
*
&
§ASecured
1995
74%
J-J
1985
4%s
4%s
1021/4
104
105% 105%
J-
65
,.1989
B———
mtge
99% 101%
62
Milw
1st
119%
*95
•
22
—,,1970
RR—
111
Gen
100 Va
37
*100
——
Chic
103%
102 %
102
A-O
A—
Atlantic & Danville Ry
511
100% 100%
105%
Q-J
—1966
32
mtge
Chicago Ind
99% 1031/4
104% 104%
Jan
July
July
Charlotte Air Line
mortgage 3%s__——„
General
100%
J-D
1967
deb
1st
gold 4s
A P W Products Co 5s
Atchison Topeka & Santa Fe—
General 4s
Atlanta
A-O
1987
1969
Anglo-Chilean
98 Va
113% 114
114
1962
deb 3s
debentures
Ann
98 VA
21
♦109%
1989
A
101%
85
1975
—1
1
tChicago Ind & Louisville Ry—
100
15
107
1956
__
2%s
87
3
100% 100%
108
inc
57
1996
1st mtge 4s inc ser A—„
A2d mtge 4%s inc ser Al
1961
debentures
2%s
105
108%
107
—
debentures
2%s
AGen
17%
17 %
57
_1977
conv
ser
67%
8
8
109%
104
100%
debentures—_—
2%s
94
104
106%
1980
debentures
conv
92
1
inc
3%s
39
9
6
1996
i
35
High
32
i__1992
B—
102%
Low
13%
J-J
1965
Chicago & Erie 1st gold 5s_„,
Chicago Gt'West 1st 4s series A
IOItV
M-S
Foreign Pow deb 5s
2030
American Telephone &
Telegraph Co.—
3s
__
106
100%
M-S
&
2%s
1
108 34
106
A-O
3
32
105
*107
A-O
1956
101
series
Chicago & Eastern
AGen
3V4s
%s
ref'mtge 2%s
1st mtge
Adams Express coll tr
gold 4s
Alabama Great Southern
4
mtge 3%s
79
56
527/b
12
13%
j-j
gtd gold 4s_1949
4%s
98%
13
A
3s
January 1
No.
12%
A-O
1958
ref
fist &
21%
17%
18
13
1st
1st & ref
90
84%
gold
53
J-J
__1974
General 4s
100
93
1st ref
series
3s_
Range Since
Sold
J-D
Chicago Burlington & Quincy RR—
100%
88
93
U
90
'*12
F-A
14
100
89
ref
Power
Bonds
High
97%
—1987
York
Ref & impt
mtge 3%s D
Ref & impt M 3%s series
E
R & A Div 1st cons
gold 4s
2d consol gold 4s
130
—
'
M-N
1987
registered
&
98
•
1987
4s
New
General
—
readjustment
3%-41/a*,41SjjS extl
96%
Friday's
A-O
gold 4s__1951
money
Champion Paper & Fibre deb
Chesapeake & Ohio Ry—
t
20%
,,
*130
fund
10%
26
12%
11
or
Bid & Asked
A-O
1959
(4%% to Aug 1 1949)
—1974
SACentral RR & Banking Co
5s stamp
(partial redemption)—1942
10%
6%
21
*130
F-A
sink
of
6%
4
*14
sink
bonds
80%
65%
4
6%
6%
Af-N
J-D
—1958
($
pur
Central Pacific
1st
1958
Sydney County Council 3%s
AUruguay (Republic) extl 8s
3%-4-4%s
3
78
1962
7s
A4%s assented
AExternal
AExternal
77
A-O
1962
extl
of)
A 4s
Central
external
B
(Prov
—.1945
C
SAMobile Div 1st gold 5s__———1946
Central Illinois Light 3%s
1966
JACent New Eng 1st gtd 4s—*
1961
JACentral of N J gen gold 5s„—,1987
59
47%
49
Sale Price
F-A
5%s series B_^.—,1959
gen
gen 5s series
A5s registered
(Int reduced to 3.5%)
1978
Serbs Croats & Slovenes
(Kingdom)—
A 7s
&
AChatt Div
65
Stamped pursuant to Plan A
ASilesia
—Npv 1945
§ AConsol gold 5S—
64%
57
2
.
Last
Period
'
Low
68
58%
48
—
Week's Range
Interest
Exchange
JCentral of Georgia Ry—
§ A 1st mtge 5s
50
"2
57
1939
(Int reduced to 2.25% )_
extl
Stock
High
Stamped pursuant to Plan A
A6s
York
ARef &
loan
water
J -J
January 1
No.
Friday
BONDS
Range Since
Sold
high
*53
1999
external
extl
*
—
Stamped pursuant to Plan A
(Int reduced 2.5%)—
A7s
J-J
1950
Stampftd pursuant to Plan A
(Int reduced 2.5%)
Bonds
Friday's
Bid & Asked
Low
SASan
RECORD
ENDING AUGUST 1
Week's Range
Interest
Exchange
Monday, August 4,1947
.1981
A-O
.1960
F-A
.1948
J-D
94%
108
112%
Delaware,
N
■
Y
1st &
t
104%
*65%
67%
104% 104%
63%
13"
75
75
3
M 5s- ser
AIncome
Essex
78
106
81
&
tr
Delaware
4
103
104%
104
"fi
104
98%
97%
105
99
63
93
99
77
90
42%
58%
div
—1973
Af-N
81
49%
49%
5
56 Va
59 Va
52
division
4-6s
Power
*78
Af-N
1993
C
mtge due
Morris
105%
61
ref
Western
110
103 Va
*103% 106 y4
— —
&
107
103%
104
A-O
Lack & West RR Co—
Lack
Coll
F-A
.1965
—
*
1963
f
104% 104%
*104
J-D
May
&
Light
1
3s
2042
1973
57
A-O
*108% 108 %
—
49
62%
108
109%
Denver & Rio Grande West RR—
1st mtge
ser
A
(3%
fixed
'
1%
contingent int)
1993
J-J
83
83
9
81%
89%
Volume
THE COMMERCIAL &
Number 4617
166
FINANCIAL CHRONICLE
(487)
NEW
YORK
RANGE
Last
Period
Sale Price
Stock Exchange
York
or
&
Alncome
mtge
Denver
Lake—•
Salt
&
Income mtge
>
Apr
20ia
contingent int)
Gen
&
&
ref
Detroit
Term
t§ADul
4l/2s—I9bx
M 3%s
1st
38'/a
59 Vi
71
8
■
108
73'/a
Stock
Friday
106'A
104'A
107%
62%
50 '/a
1987
J-J
1961
122'A
,
J-J
1961
J-J
1997
A-O
,1964
A-0
,-1959
M-a
unguaranteed
-
15
103%
93
36'/a
Lake Sh & Mich Sou gold 3'As
1997
3y2s registered
—1997
Lautaro Nitrate Co Ltd—
ioi y.
37
9
30%
104
104
15
103%
37
107'/a
A
1st mtge
F
income reg
mtge 3'As
1st
M-N
118'/a 118'/a
J-J
1st cons gold 5s__—1995
Elgin Joliet & East Ry 3'As———1970
El Paso & S'western 1st 5s__—-—-1965
1965
A-0
5s
stamped—j
Erie Railroad
Gen
.—
106'A
121
105
106'A
110
104%
112'/a
110 Vi
*106%
J-J
series A
"j**®
E
1st cons mtge 3'/ss ser F_
-1990
1st cons mtge 3 Vis ser G
—2000,
1st cons mtge 2s ser II
—1953
Ohio Div 1st mtge 3'As
1971
70
5s
70
99%
99%
41<
J-J
*87
59'A
2
105%
fund 5s
99%
94
4s
A 1st
*
1st 4Vis_——1959
tFlorida East Coast
of
104%
*103
82'A
4'As
103'A
50
100'A
~G
57
*103
General
A 4s
Berg Co cons 5s_ —1949
Realty & Utilities Corp
debs
inc,
conv
Goodrich
(B F)
Co
1969
—
1st
M-S
2%s_1965
mtge
Grays, Point Term 1st gtd 5s___
1947
85
M-N
•
103
J-D
"X.
84
85
11
'■■■■!■
102% 103
--
*101%
.■
■'
I" 5
Ry Co—
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General 5s series. C
1,~
J-J
1973
'•.
J-J
1976
—.i'
-'
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J-J
Gen
mtge 3'/aS
ser
N_1—___ —1990'
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ser
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; v
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J-J
mtge 23As
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—2000
1982
ser Q_,~—
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ser R__
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*
1961
98
129
7
100'/a
104%
98 %
104'A
...
—
97%
"
;V
'••/.
'
98
89%
'
I J-J
Greyhound Corp 3s debs,,,,,
89 3A
't *97'A
—:
;■
,
98
■
14
'■
I'.
■94%
&
Ohio
97
:
1%'
8
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102
102
27
7%:
1
/;
v1
J-J
2015
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:
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\
i
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76%-79
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■•■
.
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M-3
,„
--
99%
;
.
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f 5s series A___1962
income 5s
.
61
>
<
V1
196
86 Va
9 9'A
101%
:
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721/2
.;
100 vi
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i
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.
74
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^
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.
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•••:•
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107% 108%
58
57
17
16%
gold
1st
1021/2
100%
137
v
:
10.0.%
79
1021/4
87
•
109%
139
48%
47
13%
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: A
v
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gold 4s
*A-0
,
Gold
3'/as
f-a
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.
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.
;
.
1951
gold
gold
81
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ref
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series
C
98
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j-j
F-A
5s
series
M
3%s
seriep F
A 1st
gold 5s series C
§AInternat Hydro-Elec deb 6s_.
Int Rys Cent Amer 1st 5s B
Side
3%s
3s——i
El
(Chic).
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,
ext
5s
105%
107%
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108%
97
11
94
97%
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3
96
112iA112'A
1
98'A
103%
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ref 5s series A—
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29.
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85
102
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107
31
77%
102
•
93
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»/8 102'/a
29%
•
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101
1
279
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f
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102%
__
109
A-O
88
'
109%
50
J-J
!
103%
80
50
95
109
26
111
43%
5
57%
gold 5'As
1st &
ref
i'
j
j-J
1
■
67%
A
Mutual Fuel Gas 1st gtd 5s
1947
14
75
96
67%
69'A
17
61
78'A
76%
78%
7
M-S
29'A
28'A
85%
69%
74
20
86%
48
82%
62%
85
30'A
163
18%
M-S
78%
76%
79%
207
62%
85
M-N
78 y4
77
78 'A
12
63
84%
22'A
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23
76%
7S%
38
78
76%
79%
111
M-N
1
A-O
F-A
V
.
.
M-3
70%
136
J-D
60
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60
61%
23
42
M-S
65
VI
59
*99%- 100
M-N
78
105% 106
101% 103%
53'A
63
60
73'/a
84%
85
60
5
66% .67%
32
63
3
102 'A
72'/a
66%
15%
39%
62%
1
105% 105%
102
F-A
A M-N
M-N
series
5s
82%
*__,
M-N
M
95'A
82
69%
—1955
Constr
Constr M
58%
69%
68
4'As series B—
1955
.Mountain States Tel & Tel 2%s—1986
v
97
43
69%
1981;
Moh'k & Malone 1st gtd gold 4s—1991
90
27
22
F-A
1949
series H—-1980
.Morrell (John) .& Co 3s debs—-1958
Morris & Essex 1st gtd 3'As
,2000
13
50'A
■
4. A-O
,
Li
I
j-J
90%
81%
•49
79%
.L J-J
ser A
gold 5s
& ref 5s series
90%
79%
J-J
j J-D
i'.
80
83'A
50
99%
97
67'A
100% 100%
68
99%
101%
100%
100%
108'A
100 '/a
98
100
96
v
100
98%
2
97
£8'A
98"/a
14
97
97
N
84%
107'A
109
Nashville Chattanooga & St Louis—
1st
mtge 3s ser B
1986
National Dairy Products 2%s debs-1970,
National
Steel
Corp
1st
98%
.
fANaugatuck RR 1st gold 4s
99
Newark
Consol. Gas
cons
1948
5s_
101%
103%
SfANew England RR
t A Consol gtd.4s
97
97
3s__1965
1954
mtge
101%
New England Tel & Tel 5s A
4'As
gtd
F-A
J-D
98
103%
A-O
98
6
97%
99%
103'A 104
47
103%
104 %
105
106'/a
105% 106'/a
2
M-N
100
J-D
*104%
—1945
series
J-J
J-J
.-1952
J-D
106% 106%
2
M-N
123
123
*__
110
102
106%
1
102
101
104%
II
gtd 5s_„—1945
B——_—!—1961
94
52
81'A
N J
Junction
64
73
92%
New
Jersey Power & Light 3s
7
70
85%
New Orleans
100
100
7
98%
101%
99%
101%
New Orleans Term 1st gtd 4s—
75
74'A
75
74
75
63%
26
23
84
81%
65
106%
109'A
124%
Nq.w Orleans & Northeastern RR-r-
98%
Ref & Imp
*100% 103
RR
gtd 1st 4s
4'As series-A__
97'A
'
98
20
97
43
65%
A
51
191/4
21
50
14'%
54
57
40'/8
59%
53%
36
42
59%
100%
105
51
100
106
99%
*100% 102%
97%
of
J-D
86
86%
M-3
ACertificates
103'A 103%
of
—
93
102% 1051/4
102%
104'A
*101
*104%
4-0
A 1st
4'As
of
series
4-0
1974
A-O
103%
1
71
105
105
1
104% 106
101
of
Cons 4s
90
*76%
A-O
96%
96
92
106%
12
7,7%
93
75%
87
35
80
98%
—
97
F-A
96
97
-IVa
6
96
97
83
1956
F^A
1954
A-O
deposit
of
,
80%
'
91
«
91
92
90%
A—
series
A-O
90% ,90%
100'/a
100% 100%
*86
deposit
„
20
1
6
,,
95%
79
95 3A
90%
86
86
90%
101'/a
99
,
91
613A
81%
F-A
72%
71'/a
73%
Ref
&
impt 4'As
!2013
A-O
76
75%
77'/a
261
64%
82 3A
Ref
&
impt 5s
2013
A-O
84%
84
86
103
72%
92%
.-1997
J-J
92'A
92'A
93
13
86
98
84
94
N Y
series
Central
105
1051/4
104
1041/a
101%
105
Ref
103%
1051/4
1st
New
1998
A—
series A
series C
& Hudson River. RR—>
gold 3'As
3'As registered
1
Mich Cent coll gold 3'/as
3'As registered
*
104%
—
103% 104'A
*—
<
tj
deposit
D
ACertificates
5%s
1954
1956
ACertificates
100
104'A 104'A
102 '/a 102 3A
*96
Lake Shore coll
J-D
131
105% 105 3/a
102'/a
deposit
3'As registered—.
A-O
J-J
1935
A 1st 5s series C
105
77%
103% 103%
J-J
J-J
1953
109
108
;
J-J
deposit——:.
1st 5s series B—
30
51
100%
M-S
1952
fANon-cum inc 5s series A
ACertificates
60
F-A
1974
•
97
56%
1986
Great Nor 5s A——1983
Orleans Texas & Mexico Ry-—
tNew
M-N
1975
2%s
83'/#
102
K
Ry 1st 3s_„1950
66%
98%
85
*106
a-o
M-S
.-1977
General mtge 3'As
Kanawha & Mich 1st gtd
gold 43—1990
Kansas City Power &
Light 2%s
1976
Kansas City Southern
"M-N
L^1975
—iA
82
A-O
1961
99%
103
I
1965
88
J-J
.
99%
72%
*—
*
99%
85
*
;
4s——.1990.
RR—
92
1944
1972
72%
J-J)
lnc ser ;A—Jan 1971
mtge 4s inc ser A
Jan 1991
New York Central RR Co-r-
5
106%
'
3-D
1940
80
1956
,
2%s
page
106
96%
;
M-N
1952
861/8
J-J
/
see
A-
105%
J-D
1976
footnotes
96%
M-S
1951
92%
J-J
1959
For
104
-
87%
J-D
J-J
Jersey Central Eow
1st mtge 4s ser A
Kansas City Terminal Ry
104
112% 115%
4
2
*105% 106%
,,
A-O
4s_, 1938
J-D
James Frankl & Clear 1st 4s
Laughlin Steel
113
101%
106
106 %
A-O
1966
———
ACertificates
&
13
105 Va 105'/8
MS
,—2003
A 1st & ref 5s series F
A 1st
Jones
113
A-O
M 2.%s
J-D
"
-1956
St
118
102'A 102'A
F-A
A 1st & ref 5s series G———1978
.
1st
1963
1980
B
&
116
100'A
98%
*102'A 105
97
^International Great Northern RR—
,..;Alst 6s series A
1952
J-J
A Adjustment 6s
series A
July 1952 " A-O
A 1st
98 %
89
5
-
1963
C
ser
15
*100
■
2'As
100%
98%
Indianapolis Union Ry Co—
Ref & Imp
93%
37
96%
J-J
1951
1st ref mtge 4s 'ser,D_,
^——1963
Illinois Terminal Ry 4s ser A
1970
v
";o
Indiana 111 & Iowa 1st gold 4s
1950
■
42
99%
99'/a
F-A
Registered
1st &
101'A
99'/a 100
*107
j-j
1951
4s__
111 Cent and Chic St L & N O—
Joint 1st ref 5s series A
93%
100'/a
.
J-J
1951
1st
Lines
100'/a
9
j-j
-1951
71
99'A
105%
J-D
1951
102
101%
105'A 105%
M-N
M-N
-1950
101%
100
99'A ,99%
100
•
1955
—
Springfield Dlv
,
100'A-
J-J
Louisville Div & Term, gold
3Vis„1953
,,
99%
M-N
—__1966
1st gold 3s___
105%
105
,71
1953
,'
Cairo Bridge gold 4s
Western
113'A
102%
Monongahela Ry 3'As series B—1966
M-S
Collateral trust
__
102%
102
*103'A
1951
Div 1st gold 3s
St Louis Div & Term gold
80
128%
104
mtge 4'As
A 1st &
i 1
631/4
18'A
1951
Omaha
67
101%
/
89 '/a
..59'A
J-J
3ViS——,——1952
Litchfield Div
52%
39
127%
101'/a
40-year -4s series B—
—1962
Prior lien 4'As series D——1978
ACum adjust 5s series A„-Jan 1967
^Missouri Pacific RR Co— ;;/*
140%
". "
74
108
"L103 'A 103%
J-J
,
gold 4.S———1952
4s—
;
1955
5s
14
128%
118
Prior lien 5s series A———1962
ioiioi
J-J
1051
40-year 4%s
15
72
%
43
Minn St Paul & Sault Ste Marie—
.
137'A
74
:
A-O
-.1951
,
Purchased lines
Refunding
45%
*—
10*2%
*102'A 102'A
J§AMidland of N J 1st
,
-
*101'A 101%
137.
F-A
trust
Refunding
39
33%
M-S
Missouri-Kansas Texas
j-D
;
1981
sterling—
3s
27
31
*118
Mo Kansas & Texas 1st
M-N
"fJ-J
Feb 1957
Illinois Bell Telep 2%s series A
Illinois Central RR—
gold
27
64
M-N
,—
West
AConv
1st
42%
M-S
Ref & impt 4'As series C
107»
Michigan Cons Gas 1st mtge 3y2S_1969
105'A
A 1st
Collateral
28%
M-S
Jack Lans & Sag
104'A
71
9
100% 100%
M
.J-J
gold 5s—1937
1st gold 4s,_:
1st gold 3'/is——
Extended 1st gold 3'As
141
.
J-D
A
'
82
!_1949
'Michigan Central—
101
4v
99%
76%
.
: M-N
Hudson Co Gas 1st gold 5s__,—_1049
Hudson & Manhattan 1st 5s A
1957;
A
^,1962
,
9
101%
58%
"
Hackepsack Water 1st mtge 2%s__1976
Hocking Valley Ry 1st 4V%8—,.
1999
Hudson Coal
66%
113% 113%
113%
M-N
J § A Met
65
.
H
Finance
76
25
44%
69%
M-N
A Gen
cons
58
gold 4p———1949
ref
ser G—
-2003
Louis Div 2d gold 3s_——1980
Knox & Cine Div 4s
—1955
,
—1975
,
Household
82
36%
*—
A-O
Metropolitan Edison 1st mtge 27/aS_1974
Metrop Wat Sew & Drain 5VaS
1950
99
62
""
RR
Gen" mtge inc 5s series A___,
ytSAHousatonic Ry
70
Mead Corp, 1st mtge
91
*
Feb
1st & ref 3%s series D__l__„ —1969
*'• Gen mtge inc 4s ser B__,_,_, _,2044
"Gull States Utll 1st M 2%s_— —1970
V
39%
43
A-0
ser A
1960
mtge & coll 4s ser B
1954
Manati Sugar 4s sink fund—Feb 1 1957
AManila RR (Southern Lines) 4s—1959
98%
87
3
TV;V
*63%
,
"
—1959,
1st & ref 4s series B__,
t'«
34%
37%
38
*33
1st
"
Feb
'
Mobile
36
35'A
M-N
Maine Central RR 4V2S
'
AGreen Bay & Vest deb ctfs A,
A Debentures ctfs B_.
,1
Gulf
87
7
16
M
133'A
125
"
J-J
•
130 %
1
126
102% 103%
V.* 103%
J-J
2010
P—
ser
Gen mtge 2%s
34
33
M-N
117%
~7
130% 131
126
J-J
Gen
,
84
101'/a
115
Atl
103'/a
101'A
68%
71'A
2003
(P)
ref
87
82 Va
86
69%
87
83
1
__
84%
101%
101%
'
—1952
General 4%s series D_,___—
Gen
85V8
102'/a
Great'Northern
V
St
77
__
&
99%
83%
64%
J-J
——2003
'
stamped
1st & ref
100%
—1949
Guaranteed
105%
__
84
A-O
1st
105 y2
—
__
84%
,
*105%
*99%
64%
F-A
Co deb 5s—,
1951
3s debentures
.————..1963
Louisville Gas & $lec 3'As
1966
Louisville & Nashville RR—
; J-D
88
98'/a 1017/a
i
Long Island unified 4s
G
Gas St Elec of
75%
84
.-2003
stamped modified
registered
Lorillard
99%
82'A
*81
F~A
2003
stamped modified
4s
103%
96'A
*83%
M-N
106
99%
*99%
2003
65%
104%
104'/a.
37/a
96%
82'A
'
.—1974
Little Miami gen 4s series A
103'A
72 'A
56
57
M-N
F-A
Lehigh Valley Terminal Ry ext 5s_1951
Lexington & Eastern Ry 1st 5s_—1965
Liggett & Myers Tobacco' 5s_—1951
105%
104
25
deposit—
Francisco Sugar coll trust 6s,„—1956
105%
2
*99% 100
F-A
1974
stamped—:
4s registered
105'/a
'
M-S
series A—.——1974
& ref 5s
ACertificates
104
J-D
187
104
2»/8
*96
1964
stamped modified
100'A
99%
105
M-N
112%
102%
180
~Z
*101% 102'A
1954
1964
:,1954
Lehigh Valley Ry Co NY 4y2s ext_195Q
Lehigh Valley RR—
;
,t
94'/a
87
M-S
deb__x—.1961
108
112'/a
102'/a
105% 105%
A-0
1954
---<:
5sl
4'As
3s
107
—
*2
Deo
Leh Val Harbor Term gtd 5s^
88'/a
88
*99
81
102%
5s
Firestone Tire & Rub
High
123%
68%
53
,,
*184%
J-D
1970
stamped,—
5s
99%
•—91%
J-J
M-S
Low
121%
1
<
1st & ref sink fund 5s
105'/a 113
69
A-0
sink
& ref
5s stamped 4-:—
& ref sink fund
Co—
1st cons mtge 3'As ser
January 1
No.
57%
*112%
J-D
.-1975
A—
scr
1st
106'A 106'A
A-O
inc 4Vis
mtge
118'/a
*r55%
M-S
Range Since
Sold
L
94'/a
100'A
S
(NY)
*—
*107'/b
J-J
llO'/a
90
12
Lehigh Valley Coal Co—
East Tenn Va & Ga Dlv 1st 5s____1958
Bonds
High
122% 122%
J-J
Lehigh Coal & Navigation Co—
Ed El 111
Friday's
54
65
100% 100%
M-N
or
Bid & Asked
69
-90
100%
Sale Price
Low
109'/a
2
103'A 104'/a
M-S
Last
Period
1951
1961
Kings County El L & P 6s
Koppers Co 1st mtge 3s
JAKreuger. & Toll 5s ctfs
109
15
Week's Range
Interest
Exchange
Stamped
108%
10
69
*48%
J-J
19b5
105%
108'A
f 69
J-J
16
108'A 108%
108%
AT-N
2.35s
Light
York
Kentucky Central gold 48
Kentucky & Indiana Term 4'As
4'As
72
105% 106'/a
J-D
23As per B-1976
debs___——19bl
Shore & Atl gold 5s__l9Jl
Sou
Duquesne
71'A
J-D
Tunnel
&
71'A
J-D
gold 4s
Chemical
142
M-S
Det Tol & Ironton RR
Dow
51
48
A-0
gold 4s 1995
Detroit & Mackinac 1st lien
ASecond
49%
J-J
mtge 3 Vis series G—1966
3s series H——-----1970.
ref
Gen
New
High
Plain
<
contingent int)—_
1993
Edison 4s series P-—-—
\%
Detroit
Low
BONDS
January 1
No.
■
fixed
(3%
RECORD
AUGUST 1
Range Since
Sold
High
(4%%
A
ser
ENDING
(cont)
West
Grande
Rio
Bonds
Friday's
Bid & Asked
Low
Denver
BOND
WEEK
Week's Range
Friday
Interest
BONDS
New
FOR
1997
F-A
1998
F-A
1998
1998
F-A
F-A
1980
J-D
1986
A-O
*86%
J-J
1998
69'/a
88
69%
71
*__
68%
*65
~8
81%
73%
70
68%
67
"2
74%
62%
77
67
61
72%
98%
94
101%
98%
90'/a
York Chicago & St Louis—
mtge 3'As
mtge
ser
3s ser
F
E_.
98%
97'A
*92
97%
27
RECORD
BOND
YORK
NEW
RANGE FOR WEEK
Monday, August 4,1947
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(488)
8
ENDING AUGUST 1
Week's Range
Friday
Week's Range
Friday
Interest
BONDS
RR 2y8s ser
gold 4s
3%s
N Y Connecting
N
Y Dock
1st
Period
Stock Exchange
New York
B—1975
1951
2043
2043
Mtge 4s series A
N
Mtge 4s series B
Y Lack & West 4s
1973
1973
series A
B_
series
4'As
IN Y New Haven &
ANon-conv deb 4s
Harford RR—
2%s
11977
N Y Steam Corp 1st 3%Sw
1963.
IN Y Susquehanna & Western RR—
1
§ 1st
refunding
*A2d
5s
5s
1 § AN Y West Si Bost 1st 4%S
5
101%
103
103 %
106
70
4
79
46
46%
15
28%
45
23
27%
46%
125
28%
45%
47%
169
28%
47%
166
28
48
47
48%
51
591
30%
79
79
80
167
53%
13%
15
46
49%
47%
North
1974
1974
23
&
1997
4s
1997
lien
General
Jan 1 2047
3s
registered
Ref Si impt 4'As series A___,
Ref Si impt 5s series C
Ref Si impt 5s. series D
1975
trust 4%s
Coll
States. Power
Northern
(Minn)
CO—
—
13
107
1
1st mtge
(Wise)
2%s
mtge
mtge
33
34
1975
90
2%s
Power 3s ser A
1st gold 5s
108
1966
1970
1st & ref 3s
series K
1971
1st & ref 3s
series L
_1974
1st & ref 3s
series M
_1979
1st & ref 3s
series N
1977
1st & ref 23/4S series P
.1981
Pacific Tel & Tel 2%s debs
1985
2%s debentures—
„__1986
Paducah Si 111 1st s f gold 4'As
1955
ref 3'As series I
series J
3s
76
48'
46
48
33%
7
132%
126%
136%
126%
124
128
128
101
113%
A 2d
99
109 Vi
AGen &
108'A
108
90
*104
105
69
71
35
68%
69%
11
69
J-J
102
101 '/a
102
101% 102
101%
61
35
92%
Ry—
certificates
bond
4s
ref gold 5s series A
85%
85'A
87%
314
79%
50%
49
51%
505
37%
92'A
57%
M-N
3
100%
104%
Air
45
102%
104%
10
101%
101%
*83%
J-D
F-A
A-O
1990
2016
J-J
100%
J-J
68%
J-J
102%
1963
107%
3s
103 V5a
2%s
101%
*101
—
—
103
101
-
debentures
debentures
2%s
106%
104%
41
#
Southern
Indiana
Pacific
Paterson & Passaic G & E cons
5s_1949
Pennsylvania-Central Airlines—
3'As conv inc debs
——1960
*108%
108%
4Vis
Gold
102
...
107
109
108% 108%
108 % 108%
108 Vi
19
15
107%
109%
1952
ctfs
series E trust
4s
25
101%
104%
1
104 '/a
106%
104
104
105
106%
J-J
*104
jjf_3
*104"%
__
107% 107%
Af-N
A-O
A-O
4Vis
General
Gen
series
3 Vis
Conv
deb
Gen
108%
_.1968
1981
D
j-d
j-d
112%
A-O
j-j
1984
4Vis series E
mtge
mtge
102
Af-N
Af-N
F-A
1952
———
ref
2%8—
1971
1st
&
ref
2%s
1967
1st
&
ref
2%s
1974
1981
a.
1st s f 4s
deposit
103%
2000
J-D
137
100% 101
99%
1983
J-J
104
1974
J-D
*__
106%
75%
12%
39
106 Va
106
104%
100%
37
10
120
105%
105
104% 104%
"I
103%
105%
104% 104%
10
102%
105 V*
5
103%
105
104% 104%'
103%
*102
*__
108
*110
112
*__
14
—
99
1
—
110
115%
!;
118
—
—
106
106
—
gen
gen
5s series C
4Vis series d_
footnotes
see
page
29.
103
104
3
8
86%
100%
47%
99'A
1
104
70
100%
105%
101
102
99'A
mtge 2'As series C—
1991
M-a
_„1966
A-O
96
—
*101'A 102
Pacific
110% 110%
104
—1976
110%
103%
97%
97%
98
101% 101%
98'A
M-N
98%
40
102%
105%
104%
103'A
106%
102%
103% 103%
105% 106
104V4
34%
*103% 104%
J-D
112%
103
2
15
A-O
RR—
debentures
104
7
97
33
98%
103'A
100%
100'/a 100'A
100% 102%
9
1PA%
10
98'A
S
Rubber 2%s debs
_i.
debentures
2%s
1967
1959
Universal Pictures 3%s debs
*99% 100'A
A-O
M-3
1955
1957
100% 101'/a
38
M-N,
108
112
113%
22
110
125%
113
113%
2
110
.127%
94%
A-O
94%
*103%
M-N
•
95
11
93%
103 %
102% 103%
—
j-j
103
105
103
103
100%
103% 103%
J-D
J-D
A-O
4
2
103%
102%
105%
102%
88
J-D
A-O
1948
_1962
.-1974
1977
105
119%
88
1
75
87%
88%
11
73
88
88%
6
73
-
__
88%
105%
j-d
F-A
j-d
j-d
*101 St 101%
*117%
Cons
s
series A
f 4s series B
Virginia Electric & Power Co—
1st Si ref mtge 2%s ser E
;__1975
Va Iron Coal & Coke 1st gold 5s._1949
Va & Southwest 1st gtd 5s
2003
1st cons 5s
2
1958
1995
Virginian Ry 3s ser B
J-J
104
111
101%
M-N
101
105 %
A-O
30
—
■>108
M-S
104
*100
104
M-3
103%
104%
100'A
105 %
99%
99%
101%
105 %
99%
107%
111
4
100%
106
12
104%
106%
80
94
92%
102%
W
91%
103
Wabash RR Co-
116% 117
A
Gen
mtge 4s inc ser
mtge inc 4%s ser
1st
__
109 VB
F-A
91%
Gen
__
*120
*118%
101%
Vandalia RR cons g 4s
92
Youngstown & Ashtabula Ry
series B_
101%
121%
118
j-d
1960
4s series A
137
24
121
1958
1959
;
99'A
130%
656
F-A
debentures
2%s
Union
U
—
Coal—
mtge 4 Vis series A
103%
2
56%
*105'A
1978
of Mo 3%s
mtge & coll tr 2%s
(t§AUnion Elev Ry (Chic) 5s
Union Oil of Calif 3s deb
J4%
A-O
1975
Gen mtge 33/8s ser E__
1975
Plttsb Coke & Chem 1st mtge 3Vis_1964
mtge 4Vis series B
mtge 4V2s seWes C
103
98%
96
16
91
J-J
Co
1st
Ref
j-d
Gen mtge 5s series B
Vis series B
Pittsburgh & West Virginia Ry
19
54
J-D
1967
1970
Electric
2%8
*119%
1st mtge 4
101
101%
98% 99
137
137
103% 104%
U
100%
100
*118%
1950
1950
106%
107%
88%
A-O
2%s debs
106
54%
A-O
1975
1945
Corp
1st gold 5s
129
104%
12
103
M-N
Gas Si Elec
127
13
88%
J-J
1971
Union
103%
Af-N
For
1st ref 4s
1961
11%
F-A
_1965
*
Pacific—
New Orl 3%s
MS
104%
1963
1964
debentures
98%
M-S
9
gtd 4 Vis series I
1st
3%s ser E
101
1949
8
Cons
Pitts Steel 1st mtge 4Vis
gold 5s
1st
1960
A Adj income 5s.
—Jan 1960
Tol & Ohio Cent ref & impt 3%s__1960
5
F-A
Pgh Ciuc Chicago & St Louis RR—
Gen mtge 5s series A
*
1970
5s
RR of
Third Ave Ry
35
F-A
gen
Pacific
RR—
Pacific-Missouri
Term
10%
Af-N
gen
Orleans
81 ref M
Gen
Texas
14%
1957
1st
New
ref M
&
10%
1960
1st
Texas
13%
gtd 4s series G___
1st
&
M-N
108%
103%
gtd 4s series H
1st
Texas
deb
4
105'/a
105
A-Q
126%
105%
*104
104%
102'A
103%
130
27
Cons
1st
125
130
106%
106
Cons
,
59
120% 120%
_
J-J
Pgh Cine Chicago & St Louis Ry—
Cons gtd 3Vis series
1949
Cons gtd 4s series F
_1953
Pitts
101%
Texas Corp 3s
Trenton
*99
1st
101
90
100 3*2
—
104% 104%
103%
101%
106% 106%
53
*106
101%
127% 127 Va
A-O
104% 104%
3 Vi s
imp 2%s series D
A-O
F-A
Consolidation
imp M 4s ser C
1990
104%
99%
9
20
99
A
_-1970
j-d
Pittsburgh
J-J
Terminal RR Assn of St Louis—
3%s ser C
7
98'A
102 '/a
102%
J-J
1st &
27
56%
106'/a
37
98%
J-J
1st & ref M 3%s ser B
19%
45'/a
104%
2
51
101% 101%
98%
F-A
118%
69
105%
101% 104%
22
*104% 106
118%
17%
102%
51
Apr
M-N
125%
67%
104
102
102%
A-O
100
10%
gtd 4Vis series J
104
100%
1964
Cons
117
4
104
J-J
110%
j-d
-
1937
Petroleum 2%s debs
112% 112%
53
Pittsburg Bessemer & L Erie 27/aS—1996
Phillips
121
J-J
112%
112
23
M-N
M-N
of
116%
110%
52
j-d
2%s
103%
10
United Biscuit 2%s debs—
j-j
J-J
&
ref
4
11
104% 105%
18
94%
103%
91
117%
104% 106
■
49
117
104%
.
99
128
111% 111%
105%
101 ig
93%
122
116%
117%
118%
F-A
1977
1961
1st
&
104
101%
„
89'A
91%
9
*
98
94%
82%
111%
104
•
88
1
17
A-O
2019
1983
1965
debs
.
A-O
60
A-O
1974
B
tr 4 Vis
Philadelphia Electric Co—
Certificates
Co 2%s
Si
Trl-Continental
gold 4'As series C
A
Swift
87%
94%
102%
A-O
1971
1968
1972
deb 2%s
92
98'/a
106
106%
RR Co-
Philadelphia Co coll
1st
J)
83%
100
—
98%
108% 110
112% 114%
A-O
Apr
F-A
t§APhilippine Ry
Oil r(N
191
122
J-J
Ref &
1960
4s
Apr 1990
Peoria Si Pekin Union Ry 5'As
1974
Pere Marquette Ry 3%s ser d
1980
series
Internat 1st gold 4%s__2013
of Calif 2%s debs—1966
Oil
J-J
122%
*92
5s
Memphis Div 1st gold 5s
1996
Div 1st gold 4s
1951
Southwestern Bell Tel 2%s debs—1983
91
97%
*94 Va
97
102%
83'A
97%
87%
87%
103% 105
•»-*
—
*100%
General
J-J
103%
90%
69
102%
92
J-J
St Louis
87
104%
87
4
*101'A 102
103%
j-j
General
1986
109%
101
103%
6
,
94%
94%
126
106%
101'A
95%
96%
—
118
M-S
Phila Bait & Wash
M-N
100%
126
101
101%
M-N
103%
99
122
87
MS
98
102
2
99% 100'/a
Co—
RR
—"
102% 102%
J-J
15
118
„
Af-S
93
103'A 103%
118%
*101BJ
'
1947
A Income
105
—
2
102
104%
53%
m
*106% 107%
Ref Si
1985
3Vis ser Fi
Peoples Gas Lt & Coke ref 5s
Peoria & Eastern 4s ext
108
99%
55%
*126
J-D
Sunray Oil Corp 2%s debs
104%
.*103% 104%
„
1948
—1948
1960
1965
gold 4s
4s sterl stamped dollar
Cons sinking fund 4'As_,
General 4'As series A
General 5s series B_
106%
105% 105%
105%
Pennsylvania RR—
Consol
5l
*100
j-d
98 y«
*101
2%s series F_,
—1996
1st mtge 2'As ser G
1961
Southern Ry 1st cons gold 5s_—1994
Devel Si gen 4s series A
1956
Devel & gen 6s series A
1950
Devel & gen 6Vis series A
1956
Standard
67
42
,
96
F-A
serA„1975
1st mtg3%s
Standard
48
46
99 'A
J-J
1977
1st mtge
ASpokane
—
44
44
A-O
—1965
debentures
109 y4
104
104% 104%
a-o
Pennsylvania Glass Sand 3'As_;—1960
Pennsylvania Power1 Si Light Co—
1st mtge 3s—
—
-1975
3s s f
107
102
101% 102'A
Pennsylvania Co—
Gtd
7
5
104
103
76%
94%
J-J
1981
mtge 2%s ser E
1st
■
109%
107
—4-
.
107% 108
107%
j-d
108
58%
28
99
A-O
1969
n_;
Pacific
Southern
109
101%
118
98
Co—
Gold 4%S
i
106%
—
108
*107% 108%
108
108
1994
Ry 2%s
(Oregon Lines) A
1—
1st 4%s
■
i
A
,1979
1983
1987
debentures
Southern
104% 105%
105%
99%
70
100'/a
A-O
10
67'A
*53
J-D
100%
106 Va
130%
99
1965
1976
105%
—
100% 101
P-A
6
106'A
129%
—
9 7'A
1941
"2
45%
32 VB
*129% 131
—
Seagram (Jos E) Si Sons 2Vis debs_1966
Shell Union Oil 2%s debs
1971
106
106
_
*106%
M -N
J-D
101% 102
105
78
45%
*44
Co—
RR
Line
mtge 4s ser A
88 y4
83
-
•.
Southern Bell Tel & Tel Co—
19
12
13%
♦12%
—
144
80%
*112
—
t§ASilesian-Am Corp coll tr 7s
103%
87
78
78%
1941
AGen mtge 4Vis ser A—
■
104
104
104
J-J
J-J
1971
1989
§AShort Line RR gtd 4%s
Union Depot 3%s B
Scioto V & N E 1st gtd 4s_
Seaboard
100 Va
,97
—
City—
Kansas
&
92
90
*99 V2 101
J-J
1990
St Paul
103%
99% 103%
1
81'A
81'A
J-J
ctfs—___Nov 1989
bond
inc
4s
tSt Paul
104
104% 105%
81%
90
*104% 104%
J-J
St Paul & Duluth 1st cons gold 4S.1968
94
17
106
101% 101%
101%
15%
Louis-Southwestern
1st
103
8
1989
4%s ser A
2nd mtge
3t
101
101 % 102
101 Va
103
13%
20
11%
1997
2022
mtge 4s ser A
1st
'
76%
72%
60%
90%
5
98%
95%
96%
10%
10%
8
10
A-O
1st
__
59
1
10
J-J
M-S
129
108 %
j-d
J-D
j-d
j-D
110
41
*60,,
M-S
J-J
*110
j-d
j-d
j-d
110
108%
*108%
M-S
1990
1953
m
Pacific Gas & Electric Co—
ref
105
*128
1996
San Fr Term
&
103
M-S
1971
2d
*.
&
94
1
104
M-S
gold 6s
St L Rocky Mt & P 5s stpd
St Louis-San Francisco Ry Co—
Saguenay
109
107%
-
1st
99%
30
97%
96%
92
20%
9
15
14%
V*
1st
103%
102
9%
85
.
133% 134%
134 Vi
A-O
Gas & Electric
Oklahoma
12
102
104
St Lawr & Adir
J-J
Oregon-Washington RR 3s ser A—1960
—1975
2%s
mtge
242
—
7
15
14
«
M-S
A-O
F-A
1st
108%
1641/2
237
M-N
1977
1967
1967
1969
1934
1949
1941
Socony-Vacuum Oil 2Vis
South & Nor Ala RR gtd 5s
lOgdensburg & Lake Champlain Ry—
A 1st guaranteed 4s
1948
Ohio Edison 1st mtge 3s—
1974
107
162
102
Skelly Oil 2%s debs
mtge; 2%s
1st
108'A
164
♦237'A
29%
33
108% 108%
F-A
A-O
A-O
"
--
M-S
103 %
14
J-J
M-S
—
— -
4%s series D
3%s series H
3'As series I
Gen mtge 3VAs series J
f§AR I Ark Si Louis 1st 4%s
tARut-Canadian 4s stpd______
i§ARutland RR 4%s stamped
102% 104%
1974
1975
1977
deb.
mtge
Gen
105%
*
Q-F
Q-A
J-J
J-J
*107
*160
J-J
Gen
103%
•
mtge 2%s
1st
.
2047
2047
2047
2047
3s
.1964
Gen
77
59
8
70%
.
*17
15
Q-J
registered
J-D
K-N
5%
104%
102%
-105% 106%
105%
Q-J
17
in
R
103%
M-S
M-S
4s
-
68
,
Northern Pacific Railway—
Prior lien
J-J
ref 3%s ser D__1993
Revere Copper & Brass 3%s
1960
Rochester Gas 81 Elec Coip—
14
8
3
69%
A-O
gen
M-N
2037
Reading Co 1st &
104%
97%
7
27
24
103% 103%
103 Vi
A-O
& ref 5s
ref 4'As series A
Central
Gen
2014
1972
2037
8s
Quaker Oats 2%s
50
4%
4%
Af-N
J-J
inc
ref mtge 3s
80
9
29
11%
11
33
1st gold 4s_1996
mtge 5s conv
Western Ry
12%
109%
98'/?
*110'A
J-J
207/a
69
495
98%
97%
all
M-J
AGen
12%
12'/a
0
M-S
1968
51%
44
54
50'A
1966
M-N
1956
49%
28
45%
Niagara Falls Power 3'As
Ry Co—
F-A
1957
101%
107%
49%
45
High
98%
106%
48
46%
F-A
F-A
1977
_
Low
8
48
45
46%
J-J
100
106% 106%
ref mtge 5s
1st Si ref mtge
48%
44
-J-J
100
106%
1st Si
46%
J-D
.' Af-8
A-O
J-J .
Securities 4s
Terminal 4s
El & Gas 3y4s—
No.
30
J-J
J-J
1st Si
85%
46
Norfolk Southern
Norfolk &
t A Providence
Public Service
80
66
68%
mortgage
1st
t A Providence
Range Since
January 1
Sold
100
1964
El Pwr
Potomac
Bonds
High
1966
deb
1st M 3%s—
3'As
Co 5%s inc
APittston
110
103
15
70
M-S
1937
1937
1940
_1943
1946
:
4%s
gold
"it A General gold 5s
tATerminal 1st gold
101 % 101%
*72
M-N
Elec & Gas
N Y State
101%
104
Friday's
or
Bid & Asked
High
96%
104
M-N
J-D
.
Low
32
mo
A-O
1957
A 1st Si ref 4%s series of 1927__1967
t A Harlem River & Port Chester—
1st 4s
1954
JAN Y Ont & West ref 4s
June 1992
AGeneral 4s
1955
N Y Power & Light 1st mtge 2%s_1975
N Y & Putnam 1st cons gtd 4s—1993
4s
ADebenture
No.
99%
98%
*103% 108%
A-O
J-J
M-N
J-J
J-J
Sale Price
Low
High
Low
987/a
M-S
M-S
1947
1947
ANon-conv
1954
ANon-conv deb 4s
—1955
ANon-conv deb 4s._
1956
ADebenture certificates 3%s
1956
AConv deb 6s
1948
JACollateral trust 6s
1940
3'As
deb 3'As
deb
ANon-conv
Last
Period
Stock Exchange
New York
January 1
Sold
Bid & Asked
101%,
Interest
BONDS
Range Since
Bonds
Friday's
or
Sale Price
A-O
F-A
M-N
J-J
J-J
M-N
M-N
■
2000
N Y & Harlem gold
Last
mtge 3%s ser B
B
Jan 1981
Jan 1991
1971
Apr
83 Va
Apr
85
Apr
83 %
85 '/a
99%
8
11
80%
41
95%
iVolume 166
Number 4617
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW
YORK
RANGE
Friday
BONDS
New
York
Stock
Interest
Last
Period
Exchange
Sale Price
(Hiram)
Walworth Co
Ward
G & W 2%s debs_1966
Friday's
or
M-N
debentures 3%s_1970
M-N
conv
Baking Co—
(subordinated)
5 Vis debs
1970
Bonds
Bid &, Asked
Sold
High
97
97
F-A
Q-Af
*100Vi
A—1970
F- A
1950
J-D
113% 113%
1967
J-D
gtd
_
94
60
100
113 %
*106Vi 107 Vi
A
113%
106%
109
15
108 Vi
102%'103%...
66
101%
101 Vi
101'A 101%
17
101%
1958
J-J
Electric
Yonkers Elec
Funding Si real estate 4 Vis
1950
Jf-N
92%
92
923/4
46
25-year
gold
79%
J-D
92%
91%
92%
71
5s
1960
76%
M-S
95%
89
88
90 Va
81
75
93%
2%s
West
1951
M-N
1971
M-S
2361
J-J
67
6 6 3/4
68 3A
63
-2361
J-J
65
65
66 3/8
7
debentures
Shore
1st
Registered
4s
guaranteed
;
Wheeling & Lake Erie RR 4s.
1949
1013/4
1013% 102
6
1013/4
101%
,
103
57
»1047/a
_L
55%
10
100
102%
102
102
10
1013/4
106
series
A
105%
116%
117%
J -J
60%
78%
80%
73
60
Af-N
II
21
21%
15
15%
deposit
*19%
Power
2%s
1976
J-D
Service
3 Vis
1971
82%
75%
66
J-J
24%
-21
18
~
1976
102
year s range,
in the
year s
n°r?
n
101 % 101 %
j-j
y
Ex-coupon.
100%
102
108%
*99% 100%
1x1 ,the year'»
Under-the-»rule
range,
13
♦108% 109'/a
109%
101%
100
Odd-lot sale not
sale not Included in the
year's range.
rCash sale
d Ex-interest,
range,
e
tThe price represented is the dollar quotation per 200Accrued interest payable at the
exchange rate of $4.8484.
{Companies reported as being in
bankruptcy, receivership, or reorganized under Section 77 of
the Bankruptcy Act, or securities assumed
by such companies.
{Friday's bid and asked prices; no sales
being transacted during current week.
A Bonds selling flat.
106 V*
1003/4100 3/4
2%s
High
103%
__
^Negotiability impaired by maturity.
72%
1043/4
1003/4
M
included
pound unit
*
M-S
M-S
Af-S
ref
rtl1,rt£eff„rrteii
the
not
76%
1992
&
Low
16
103% 103%
1949
Lt & Power 2%s
Included in
103
1
102% 102 %
Wheeling Steel 3 Vis series C—.—1970
Gen
Range Since
January 1
No.
1936
95 V4
1951
30-year
Westinghouse El & Mfg 2Vis
Sold
High
♦116%
Ry
of
Public
A-O
I960
Bonds
106
109
Western Union Telegraph Co5s
Range
Friday's
or
Bid & Asked
106%
May
Certificates
Wisconsin
109%
103 '/a
Central
Wisconsin
107%
109
A-O
Sale Price
Low
§ A 1st general 4s,
A Certificates of
deposit—
§ASu & Du div & term 1st 4s
60
103
Last
Period
1st mortgage 3s
Winston-Salem S B 1st 4sL_
101%
102
Week's
Interest
Exchange
Wilson & Co
107%
50
J-J
West Penn Power 3Vis series 1—1966
Western Maryland 1st 4s
1952
Western Pacific 4Vis lnc ser A—2014
York Stock
{Wisconsin
100%
—
Friday
BONDS
New
100%
105 %
*102 Vi 102 Vi
Westchester Ltg 5s stpd
Gen mtge 3Vis
1
High
98%
2
Washington Central Ry 1st 4s
Washington Terminal 2%s ser
*55
Low
5
106 % 106%
Warren RR 1st ref gtd gold 3 Vis—2000
1948
RECORD
EN,DING AUGUST
Range Since
January 1
No.
100% 100%
A-O
BOND
WEEK
Week's Range
Low
Walker
FOR
(489)
of bonds.
NEW YORK CURB EXCHANGE
WEEKLY
In
AND
YEARLY
RECORD
NOTICE—Cash and deferred delivery sales are
disregarded in the week's range unless they are the
footnote in the week in which they occur,
No account is taken of such sales in
only transactions of the week, and when selling outside the
computing the range for the year.
t
a
regular weekly range are shown
In the
following extensive list we furnish a complete record of the transac tions on the New York Curb
Exchange for the week beginning on Saturday,
July 26, and ending the present Friday, Aug. 1. It is compiled from the
daily reports of the Curb Exchange itself, and is intended to include every
security,
whether stock or bond, in which any dealings have occurred
during the cur rent year.
RANGE FOR WEEK
Week's
Friday
Last
Range
York
Curb
Exchange
of Prices
Shares
Friday
STOCKS—
Range Since January
York Curb
New
l
Low
w
High
Low
High
for Week
Shares
Par
4
3
May
53/4
Low
6%
6%
900
6%
Aug
123/4
Feb
30%
30%
20
,Jan
1%
30 Vi
8%
8%
July
500
6% May
2 Va May
113/a
~2%
2%
2%-
JlO
lnc
23
_1
Aero
Supply Mfg capital stock
Agnew Surpass Shoe Stores
1
Mfg
•
common.
Air Associates lnc
12%
(NJ).
1
Air Investors common.
J ; 2,200
Aireon
60c
Mfg
preferred
Corp common
convertible
1.
Alabama
Great
Alabama
Power
Alaska
.
2% May
37/a
Baldwin
7%
Feb
4.20%
Altorfer Bros Co
Aluminum
$3.75
Co
Aluminum
Goods
Aluminum
5%
Jan
1,100
4% May
9
Jan
.6
6%
1,400
4%
6% July
American
Bantam
Book
Class
Co
&
Hoe
Gas
Si
Corp
common
preferred
%
•
21
Metal
10c
St Chem
de los
Republics
,
Seal-Kap common
Superpower Corp com
series
American Thread
5%
preferred
Writing Paper
common
Feb
80
Jan
Apr
18
105%
Jan
650
6%
400
21
V
2 % May
5
i
-,
>
•
,
i
Am dep
rets ord reg
90
May
Mar
52 %
Aug
4
% May
7%
Jan
May
54%
Jan
Jun
l3/4
Jan
3/a
37%
Jan
Apr
113
23/8 May
Jun
49
Jan
23/4
2%
May
23
Feb
43 3/a
Jan
May
Jan
19%
31%
16%
17
47
Apr
600
13 %
Jan
200
33
31%
(L)
Beck
(A S)
St
100
17%
7
,
100
7%
18%
13/4
2
165
1%
Si Mach Co com_*
83/4
100
25
*
•
1
preferred
Borne, Scrymser Co
Bourjols lnc
Pwr
Corp common
Brewster
Feb
1 Vi
1%
Jan
July
33/4
May
180%
Apr
8%
x8
12,000
20
8%
4,400
11%
113/4
600
10%
11 %
1,000
47
48 Vi
Jan
113/4
113/4
3
200
243/4 Mar
May
55%
48%
Jun
2%
63/4 May
150
3%
7%
10
4
Jan
56%
Jun
143/s
May
373/4 May
116
Jan
Feb
Jan
Jan
Jan
15
Apr
55
•
Jan
132
May
21%
Jan
Feb
Feb
35%
May
19% May
7% May
500
X8
3%
23
May
1 %
300
Feb
8% Mar
23
151
Apr
.
15%
15
15 %
500
::
4%
800
j
4%
1,900 ^
8
Bridgeport Oil Co
Brillo Mfg Co common
8%
400
Feb
Jan
•'. 22 3%
13
May
>,20
Jan
Feb
Jan
Jun
26%
Jan
6% May
143/4 July
10;
'717%
4
18%
37
14% May
17% May
23
19
*
Gas Light Co
Jun
May
31
1
Aeronautical
Bridgeport
Jan
7%
20%
16
optional
Si
19%
May
9% May
80
1%
19%
convertible preferred—•
Blum (Philip) & Co lnc
1
Blumenthal (S) & Co common
*
Bohack
(H C)
Co common
*
Feb
May
5 V\
300
167
6%
16
165
193/4
Corp common
July
16
100
1
Lgt
Apr
65
•
1
Furniture
common
Traction
Feb
11
1,500
16%
33/s
Brazilian
Jan
13
33/4 May
•
common
8
1st
50% July
42 3/4
9% May
6
3
7%
Jun
29,600
,
133/4
1
common.
preferred
Gay
5%
18 3/a
1
1
29% May
19% Aug
373/4
Feb
24y2
Jan
32% July
17% July
2,800
>
C4ass
100
28%
Jun
900
14%
3%
15,600
2 Vi
17% July
Apr
May
4%
Feb
^
10%
Jan
Jun
(
5
Apr
British
dep rects ord
Amer
24% July
Bruck
35
Jan
47
Buckeye
225
33%
35%
1,800
19%
21
1,700
10
2
5
10c
1%
1%
57%
5%
300
Silk
Bunker
Co
300
3%
3%
200
3%
23
1
Co
„1
common
21%
Jan
203/b
Feb
4%
Feb
Pipe
100
20
22%
500
7%
Aug
July
27 Va Mar
1% May
15 % May
3,500
7%
23
2% Mar
5% May
233/4 July
9
Feb
42
n%
11%
11%
1,200
2.50
17%
17%
400
15% May
19% Mar
—I
12
12
50
10 3/4 May
14
100
32
---*
Sullivan
43
43 3/a
Feb
16 3/4 May
4 % May
23%
Jan
Ring Co
Burma Corp Am dep rets
Burry Biscuit Corp
6%
Feb
Butler
l3/4
Jun
47
Jan
25
Feb
26%
Feb
10%
•
Line
&
7%
3%
50
2
42
Mills Ltd
Hill
20 3/4
23
42
B
common
32
Jun
123/4
Feb
Jan
May
29% May
1
Feb
1%
19,900
1
53%
57%
Apr
1,100
42
5%
5%
May
300
5
Jan
9%
.:
.10s
reg
Distillers
Forman
Rubber
1,000
35%
15%
2
(E L)
47
34
15%
B
45%
35
rcti ord
dep
Class
Brown
Jan
18
£1
British Columbia Power class A.
Brown
Feb
Jan
Celanese Ltd—
47
Aug
_£1
bearer_
Am dep rets ord reg
Bruce
Feb
36
25
15% July
Co
Tobacco—
American
British
22
Jan
20% May
33
British-American Oil
Jan
9%
5%
7%
Jan
9%
Burd
Piston
(PH)
13
——-
12V»o
25#
800
common
3%
3%
%
1
14,000
4
2,800
3 Va May
7
Feb
13
100
12% May
13
Jan
3%
13
Apr
"%
Jun
1% Mar
Feb
1,400
Feb
63
"
77/a
8%
1
1,100
7
7%
800
6
5 %
i*.
Vt-,1
Feb
■
.
May
9%
Jan
Apr
7%
Jan
Cable Klectrlo Products common
Cables
9 %
3%
10
114% 114%
200
1,100
60
Jan
3 %
May
57/8
Feb
7% Jan
103/4
Feb
X112
Jan
24
July
4%
23/4
23/4
73/4
II
1
..
Estate
Sugar
California
pfd-..
Electric
1
Power
Calllte Tungsten Corp
Camden Fire Insurance,.
Canada
Bread
Canada
114% Mar
3%
73/4
4%
800
3%
Jun
100
2 3/4
July
100
...
6%
Jan
8
Mar
73/4 May
23/4 May
10
Jan
Apr
Wireless—
A
American dep rets 5%
Calamba
16%
3%
97/a
400
May
1
com
Birdsboro Steel Fdy
15
114%-
Ties
7 %
16%
Blue Ridge
1,200
1
1
1
Blauner's common
24%
3
12%
5%
17
lnc
Hedges
Convertible
Berkey
5%
Canada
&
12%
common.
Shoe Corp
Aircraft
Tel of
Benson
23
5
A
& Co common
Beau-Brummel
23%
33%
37 Vi
8
Refractories
Am
3%
43%
25
48
17%
3%
17
75
19%
3%
1,900
44
32
__1
High
Jan
51
2,600
Andes—
convertible
Bauman
$3
50
40 Va
II
common.
Corp
Seelig Mfg—
Si
$1.20
Breeze
50
110%
19%
•
100
Feb
3 3/i Mar
75
£1
Angostura-Wupperman
i
;Apex-Elec Manufacturing Co__
j,Appalachian Elec Pwr 4%% pfd
Feb
1,200
2
Angerman Co lnc common
Anglo-Iranian OH Co Ltd—
July
1953/4
1
Products
Feb
32
161% May
1,700
-
Anchor Post
t'
Feb
6,500
•
preferred
Feb
25
7,000
52%
16%
•
American
23
Jan
48% May
1023/4 Feb
19
Barlow
Basic
Co
Steel
Barium
Bell
46%
shares
Bickford'a lnc
21%
48
•
Class B
American
37/a
%
44
2
class A
Jan
Jan
39%
2%
1
Co/—
11%
7% July
Jun
21
25
Co
Jan
38%
__
20
Products
Mar
5 Vi
111% UP/4
38%.
25
Maracaibo Co
American Potash
200
300
%
.
_25
American
92
108
Apr,.
May
15
40
1
American Mfg Co common
American
6
Light & Trac common—25
American
$6
51%
1
preferred
Meter
32
188%
3%
52
10
preferred
convertible
1,100
10
100
General
convertible
21
Rubber
Baldwin
Bellanca
2% July
70
Jan
23
common
American Hard Rubber Co
American Laundry Mach
Amer
3%
Foreign Power warrants
preferred
American
29%
183
l
Electric
6%
20 %
1
common
Jan
13
_l
Cyanamid Co
Fork
American
200
„100
American
.
3,400
•
common
&
$2
65%
61%
•
American
$2.50
61
3
200
350
104% 104%
•
common
American
American
7%
19%
•
B
4%%
7%
Jan
Jun
104%
800
19%
100
American Cities Power Si
Light—
Class A
!
.American
50
'
4%
•
8
common
Co__
2%
81
4%
•
Car
Beverage
American
13,400
106% 106%
~4%
_1
pfd
conv
common
common
American
Feb
5%
Mfg
Lid
38
2%
_100
preferred
Industries
Aluminium
Feb
1-4%
50
America
Feb
4%
2%
common_
of
123/4
4%
_1
cumulative
Feb
6%
pfd
(Mich)
15
10
lnc
Products
10% May
7% Jun
49
Locomotive—
preferred
American
3 % May
31
July
3
Wilcox Co_
Babcock Si
Feb
Jan
3
50o
preferred
Alles & Fisher common
Allied Int'l Investing $3
Allied
200
10
Southern
Airlines
1,000
8
7%
Air-Way Electric Appliance
1
13
3
Convertible
Low
B
Banco
Alnsworth
Range Since January 1
High
Jan
6%
1
Products
200
1
Adam Hat Stores lnc
^Aeronautical
4%
Sales
Range
of Prices
.
?
Week's
Last
Sale Price
Exchange
'
Par
ACF-Brill Motors warrants
Acme Aluminum
Alloys
i'Acme Wire Co common
1
Sales
for Week
Sale Price
STOCKS—
New
ENDING AUGUST
Cement Co Ltd
"83/4
.
1
Co Ltd
8%
83/4
3%
1
33/4
—
1,100
400
,
__
21%
—
—
--
—
--
53/4
Feb
Jun
23 Va Mar
—
—
33/b Mar
*
t<»
Argus«lnc
—
t
-
Arkansas Natural Gas
Common class A
ni
common
6%
6%
6%
500
•
6%
6
67/a
4% May
8%
5,800
67/a
15,600
3% May
3% May
6% July
6% July
■
L
-;
■
.
non-voting
•
i: 6%- preferred
10
Arkansas Power Si Light $7 preferred.*
Aro Equipment Corp
2.50
Ashland Oil Si Refining Co
1
Associated Electric Industries—
i i
if
>■
American
;
,
•
;
i
dep rects reg
Associated Laundries of America-.
Associated
;
.
-
;
6%
.
*5,:
;
Tel
&
Tel class A
Atlantio Coast Fisheries
Atlantic Coast Line Co
Atlas Corp warrants
Atlas
Plywood Corp
Automatic
Automatic
Voting
Avery (B F)
11%'12%
800
12%
12%
common
see
page 33.
12%
2,000
1%
•
10%
I
5%
an
30%
1
5%
29
1%
11
6%
100
475
2,300
61%
225
6%
14,300
323/a
4,500
63/4
~6%
5
5%
56
6
at
10%
Jan
110%
Jun
9% May
10%
Jan
11% July
114
14%
Mar
Feb
12% July
6%%
12%
6 3/4
300
6%
7
600
12
125/a
700
25%
25%
25
10% Feb
% May
43/8
Jan
53/4 May
11% May
1%
Jan
11% July
9% Feb
Conv
50
Apr
May
63
July
7
Feb
37
Jan
*
M
20
•
Jan
20
Jan
26
'
May
26
May
22
May
*
preferred
*
22
May
12%
13
400
9 Va
15 Va
Jan
12%
12%
300
9
May
Va May
15
Jan
165
Class A voting
Class B non voting
Jun
165
3
Jan
45
Mar
—
13
■
■
—
•
.
Canadian Industries Ltd—
preferred
Canadian Marconi
1%
Carman
Si
Co
common
Co
1%
1%
4,100
1%
40 Va
35%
40%
550
34 %
May
Apr
73A
—;f
Products—
Carey Baxter Si Kennedy Inc.
Capital City
7%
77/a
1,500
6 3/a
Jan
-10
Jun
10 %
Feb
32 3/4
Jan
23
23
100
48 %
49%
110
113/a
10%
11%
7,300
3
Apr
9
Apr
11
Mar
3/4
6%
7%
800
6
May
9
Jan
34%
200
30
May
common
23
43 Va
July
Jan
50 % July
Feb
9
.
Canadian Industrial Alcohol—
Carnation
24% May
6% Apr
common,
preference
Canadian Canners Ltd
7%
l
6% preferred
Ayrshire Collieries Corp—
For footnotes
800
113/,
•
Machine
& Sons
10%
£1
i
Products
6
10%
Feb
3%
5 3/4
May
10 Vi May
7%
Feb
Carolina P & L $5 pfd
Carr-Consol Biscuit Co
Feb
119
July
9% July
20
Jan
115%
Carreras Ltd—
Amer
16
Feb
Carter
24V4
Jan
27
Jan
Cbjbco
313/4
Feb
45
July
Castle
dep
(J W)
rets B ord
Co
Products
(A M)
com
common
& Co
2s 6d
1% July
1
•
10
6
34Va
34
43 Va
Feb
29
30
THE COMMERCIAL &
(490)
RANGE FOR WEEK
Curb
York
New
Range
of Prices
Sale Price
preferred
3.50*
——
Central & South
Chamberlln
Charts
Corp
common
Chesebrough Mfg
12
Apr
22%
22
425
12% May
2% Jun
23%
Feb
4%
Jan
25
3%
3%
4,000
19%
200
18
July
13
200
12
May
23%
22%
23%
250
73%
73%
75%
125
70
17%
100
14
May
1%
4,000
1
May
160
93
May
1%
Va
1
.
120
117
25
19% May
,
July
77% Jan
18
July
1% Mar
148
Jan
39%
35,800
23% Jan
39% July
12%
12%
300
10 % May
15
Feb
9%
9%
700
8% May
13% May
11%
Jan
15%
350
16%
2%
2%
2%
2%
2%
2%
22,100
12%
96%
94
94%
J00
3%
Jun
7
Jan
15% Feb
66% Jan
175
Jan
3%
July
1% May
9% Jan
500
13
Feb
19
2
2,100
.1
97
July
9%
Jan
13%
Feb
4%
Co
-
Inc
7%
8
"7%
^
'
14,900
600
33.
5%
5
5%
1
5,100
5%
31%
Va
31'%
.1
1%
1
8%
•
1
-26
Community Public Service.
Community Water Service
8
% July
July
7
3% May
Feb
36% July
3% May
5% July
50,400
Va
31%
200
30 Va
1V4
800
%
8%
100
i38
Jan
Jan
343/4
Jun
Jan
'
.
2% Jan
Apr
'
Compo Shoe Machinery—
ext
Vtc
to
1956
Conn Gas A Coke Secur common—
83
Conaol G E L P Bait common
B
__
Steel Corp
Co
Cornucopia
Oom
Tnn
class
Coaden
6*
Feb
3%
900
27%
2,500
21 %
Apr
34%
Feb
9%
11%
8,900
73/4
Jun
11%
Feb
3
3%
153/4
2,400
19 Va
26
600
Feb
900
May
3% Jun
413/4
3%
X6"
Feb
9%
9%
1,600
8% July
11
Feb
37%
35
9%
%
2,900
% May
1%
Jan
12%
123/4
12%
2,000
15%
Feb
4%
Jan
12%
mm
11% Jun
1,700
43/a
44%
—80
400
3 Va May
13
4
1
common
600
9% May
23/4 jun
3%
3%
1
36
125
45
14
Feb
43/a July
Jan
46 Va July
(ord reg)
il
Petrol
r
Crown Cork International A
-
-
16%
86 preferred
143/a
Feb
30o
6% May
103/s
Feb
4,100
4
May
16% May
33/a May
400
18
4%
4%
1,300
1%
1%
100
—
19%
19%
Feb
53/8
1%
•
Aug
23/a
7%
~4V4
16
Jan
33
Jun
*
Cuban Atlantic Sugar,
7%
Jan
7%
lie
Crown Drug Co common
Crystal Oil Refining common
July
1%' Apr
300
7%
5%
-■
6
253/4
1,600
93/4
4%
9Va
B
14,000
1%
9%
I
.
(Md).
1,000
33
1%
"
Crowler Milner A Co
6
30%
1%
1
•
Crosier Motor.* Tnr
6
—
32
B
.
4,000
20
Feb
6%
Apr
21
Apr
183/4 May
Feb
2%
1 Va
.
—
203/4
6% Feb
Feb
33
Feb
26% Jan
*
100
.,
Cuban
Tnhaeeo
Curtis
Lighting Inc common
Mfg Co (Mo)
■
__
100
105% 105%
■
9
common.
11
150
11%
'
—2.60
— —
o
200
__
12
.
•
''
200
13
xl05Va
Feb
2%
30% Apr
Feb
28
Fansteel
Jun
107
Jan
7% May
5% May
17
Jan
8
Feb
10% May
9%
Feb
12,700
2
May
3%
Feb
500
Engine
21
Apr
27%
Jun
500
A
Metallurgical
Fire
Association
12% May
22% Jan
1,700
11% May
14
Jan
10
45% May
64
Feb
200
1% May
(Phlla)
York
First
7% May
2,500
Fedders-Quigan Corp.
Corp
82 div oum pfd
Flshman (M H) Co—
5g to 81 Stores
75
40
43%
Jan
18
2% Jan
Jan
Jan
20% July
■
Ford Motor Co Ltd—
1,300
5% May
6%
Apr
400
Am dep rets ord reg.
Ford Motor of Canada—
17% May
20%
Fe&
Class A
non-voting.
B voting
Class
21% Mar
Mar
19
Ford Motor of Franco—
Amer
Fox
Jun
3
Jun
10%
Jun
31%
400
8% May
14 %
50
31 Va July
38%
Feb
12%
29
Feb
Feb
500
Brewing Co.
A
Simon
4%%
Co
Inc.
pfd
conv
21
300
(Peter) Brewing
Franklin
Max
1%
7%
dep rots bearer.
Fort Pitt
Fuller
143/4
Feb
400
Garrett Corp
Gatineau
6% May
100
Stores
(Geo A)
.16% May
Co.
Jan
Feb
Jan
-
Co
5%
preferred
Mfg Co comm
General Alloys Co.
Gen Builders Supply Corp.
5% conv pfd
Feb
Apr
19%
Feb
Apr
104%
May
6% May
1,700
9%
11%
15
94
9%
common,
Power
Feb
7
Ffy
May
V/a
Jan
3% May
6.%
Jan
32%
Jan
5%
5%
200
4
2%
2%
400
2
5%
5%
1,600
27%
27%
25
11%
11%
100
8
8%
.1,800
7%
7%
200
Gellman
22
*
Apr
Gen Electric Co Ltd—
-gl:#.:~-
Amer
dep rets ord reg.
General Finance Corp common.
5% preferred series
General Flreprooflng commox
General Outdoor Adv 6% pfd
General
Plywood
-i^¥ 8%
.11:,:
(A C)
20
21%
"3%
1,200
.
,
■
—
• %-• K
;
9%
Gladding McBean A Co
Gleaner Harvester Corp
25%
18% May
99
25
-
Mar
4
Jan
89
200
113
98
96
May
Mar
99
July
'
"5%
>~5%
19
115% Mar
Jan
110%
100
54
•54
Apr
110
-
13%
.
54
13%
Jun
17%
Jan
29%
Jan
29%
Apr
18%
Jan
25
Feb
16
Jun
19% July
14% Mar
700
24
CoaL
18%
18 Vo
18%
2,200
Glenmore Distilleries class B_
11%
11%
11%
600
9% May
14%
600
13% May
4%
900
3% May
14
Ino_
3%
54
•
A.
preferred.
v\ %
130
4,200
7/a
>
Gorham
Mfg oonomon.
.10
Rapids Varnish
Co
Mfg
56%
13%
:
,
Great Atlantic
*5
pfd—25 ssv
1
Graham-Paige Motors 86 conv
14%-
6
;
,.7%-
8-
10%
.
300$
-
.
_
700
,
.•
1%
02%
•>#■ 110
100
46
25^
Stores Products common—25o
Non-voting common stock
7* 1st preferred
Great Northern Paper
May
„14
112
133%
43%
*—
•
Feb
9% July
Apt
47
July
39% Jan
15%
Jan
,111% May
10%
9%
13-"
114%
Feb
11% Jun
15 Va
Feb
13
100
.11%
11%
500
6%
7.3/a
35
200
28
63 v
210
55%
3.%
—* -■
Gypsum Lime A Alabastlne
'
July
145
Jun
1,200
-.700
-
IOO
pfd—;
Gulf States Utilities 84.40
47
Jan
,
9.
150
s-
Jan
17% Feb
.^■9% Feb
May
-
109% 111%-
Jun:
.45
95% May
300
.10%
; 10
July
,
,49%-July
}4 J?n
Apr
7% May
47% May
Pacific Tee—
A
Jan
33
7
300
Jain
104%
9% May
-.400
a
,
•
J^n
5%
61%
_v.
,1.00 r July
L%May
44
n; 57.%-
10%
class A;
Ino
Grocery
25% May
700
.
101
Jun
48
25
-
.
33
100-
Mfg Co_
Gorham
Grand
54
31
84.50 prior
Goodman
17
-
:
B
Goldflekl Consolidated
Gray
.14
*
3%
Ino
Godchaux Safari class
Feb
July
22%
52% May
Jun
Jan
6% Mar
4% May
1,200
19,
•
112%
110%
113
23'/a
(Adolf)
Feb
Jan
3
23%
Gobel
May
109
•
.
Globe-Union
Feb
29% July
Jan
xl03% July
•
—2.50
Co
Glen Alden
Jan
89
-1'v..
common
9 %■
24
1,400
~3%
v
Jap'
May
7% July
10
3%
14
July
6
400
29
•$,,.>•98%
Preferred
Gilchrist
20%
•w,?4'13
Georgia Power 86 preferred
85 preferred
Giant Yellowknlfe Gold Mine#
Gilbert
-
11 %
• •</
preferred
convertible
~
1 >///
Corp.
General Shareholdings Corp com
$6
29%
Xl03%xl03%
-•fe29 k
.100>%
Public Service 86 preferred
General
Class
!
Brewing Co
Curtis
3% July
Feb
July
103/s May
3%
35%
•
American dep receipts
nreferrerl
3
1,300
14
3% July
U
Creole Petroleum
5*
Jan
85 %
%
A
Petroleum
Cent
9%
63% May
2% May
26%
Courtaulds Ltd—
Crown
x7 Va May
—Be
Mines
convertible preferred-
Croft
900
•
Gold
cnmrnnii
pfd
Jan
2,050
15
m
Corroon A Reynolds
$1
Jan
110%
Mar
83/4
__
•
Copper Range,Col.—r
Jan
118%
108
79%
l—i
nonpar Rrawlnf Cn
833/4
115% Mar
2%
....1
Cook Paint & Varnish Co
683/4 May
10
70
'
11%
1
Corp
Continental Fdy A Machine Co.
Feb
26%
Too,
Car-Na-Var
Continental
Jan
43
8%
77
■
•
common—
108
2
.
76%
8%
„„,1
B
Consolidated Mining A Smelt Ltd_
-10
Consolidated Royalty Oil
Consol Textile
108
Jun
Jan
700
116% 116%
__
.100
1
Consolidated Gas Utilities-
Consolidated
34%
—
74%
74
74%
.100
preferred
4 V preferred series C
series
4%*
—
—
•
10%
Apr
% May
300
1 Va
•
preferred
7
High
118 May
13,900
Feb
17
253/4 Jan
,
4,600
3*2
Va
Commonwealth A Southern warrants-
11V8 May
43/4 May
2,100
73/4
5%
5%
32
May
7% May
1,800
17
7
3
1,200
8 Va
16 Va
ZjFb
—
3 V4
3%
3%
Colorado Fuel A Iron warrants
•—
—-
8
I
Low
2%
30
Feb
113/4
,
9% May
~
'
__
1
capital stock—
Colonial Sand & Stone Co
Colonial Mills Inc.
118
28'
■
Range Since January l
High
Palrchlld Camera A Inst On
Franklin
Colon Development ordinary
Colonial Airlines
Hotel
Feb
36 %
36%
•
Colt's Manufacturing
Feb
14
Mar
17
Cockshutt Plow Co common
Commodore
150'
Co
Products
Alum
22
-1
dinchfield Coal Corp
Low
Falstaff Brewing.
May
—
Clayton A Lambert Mfg
Club
Falrchlld
Jan
46
JO
Claude Neon Inc common
Shares
Feb
200
J
Co
Mfg
Jun
22
75%
J
Co
Controller
Clarostat
Jun
83
19%
13
_10
common
$■: ■'
a 2%
for Week
Jan
70
19%
.1
City Auto Stamping..
City A Suburban Homes.
Cl&rk
24%
.100
IChllds Co preferred
Service
11% May
.4
Chicago Rivet A Mach
Chief Consolidated Mining—
Cities
11%
300
102
17%
JO
common—
8% May
3 %
—•
10
-8
Cherry-Burrell common
99% Aug
18,200
20%
100
100
1
of
15 % May
50
10%
20
JOJ}
Co common
America
Co
200
99 %
10%
70
100
Sales
Range
of Prices
21% July
21%
99%
lirvi
—10®
Cessna Aircraft
Corp Ltd
99%
—*
pfd
2
Eureka Pipe Line
21%
Central Ohio Steel Products
West Corp—
I Cent States Elec 6* preferred
7* preferred
Cony pfd opt div ser
Conr pfd opt div ser 1929
Eureka
Week's
|ale Price
Feb
96%
Jan
90
Exchange
Par
17% Feb
9% May
2,000
Curb
High
Low
12%
York
New
Range Since January 1
High
11%
12%
..-I
Corp of America—
Cent Maine Power Co—
Catalln
Central Pow A Lt 4%
Shares
Low
Par
i Friday
Last
&}.
STOCKS—
for Week
Last
Exchange
ENDING AUGUST 1
Sales
Week's
Friday
STOCKS—
EXCHANGE
CURB
YORK
NEW
Monday, August 4, 1947
FINANCIAL CHRONICLE
■
.
D
H
'
Davenport
Davidson
Hosiery Mills
Brothers
i
Dayton Rubber Co class A
Dejay Stores common
Detroit
Steel
A
.
15%
32% July
6% May
38
150
3,700
10%
700
3
»
12%
155
May
Jan
Jan
10%
9% May
1,500
—
16%
8
Jan
Feb
Feb
May
Apr
17
July
May
10
14
Feb
2% May
l
2%
2%
39%
38%
39%
1,200
27
Jan
40
13%
200
11%
Jun
16
Feb
4,300
4%
Apr
'.
w»n
Co
Hamilton Bridge Co Ltd
Hammermill Paper
JOB
6%
6%
7
3%
7%
Feb
Jan
Ltd—
Co
Co
Dominion
Bridge
Steel
15
Dominion
Tar
Coal
3%
Co
-25
600
3%
4,300
3
»
12 Va
123/4
Co_
20
Co
rots
—
__
Duval Texas auinhur
a
'«.**'
'
__
'
13
13%
13%
525
94
Feb
79
Jan
39
48
Feb
97
Jun
106
Apr
5%
—
53/4
1,400
13%
5%
133/4
100
May
„■
10% May
18% Feb
4
% May
11% May
6%
Feb
15%
Jan
Heller
Co
Holophane Co
Horder's
Assoc common.
preferred
Eastern
States
69
72%
44%
48
2%
70
9%
a
12%
5%
5%
19
;
21%
60
Empire District Electrio 5%
pfd
Emsco Derrick A Equipment
Equity Corp common
preferred—
page
joe
I
_t
Esquire Ine
see
100
B
33.
55
3
875
75
300
150
May
49
650
42 3/4
July
Aug
3% July
77% July
55
5,000
6% May
9%
—
17s/8
Jan
250
8% May
115
May
1,300
2% May
148
7 Va
Feb
Feb
17
Jan
21
Mar
23
Apr
12%
1%
48
9%
3%
900
3
20 Va
21%
1,400
15
May
3% May
45
125
44
Jun
50
Mar
30
101
Jun
111
Jan
107 % 108%
11V4
12%
1%
2
47 Vt
48
9 V4
9%
900
8%
& Co common.
common
5,600
1%
125
43 %
300
6
I*
11%'
233/4
Hubbell
Mfg
Jan
16
Jan
14
July
9
% May
13%
Feb
107
Jan
May
85
Mar
Jan
15%
193/4 May
4,700
X35V4
56
Mar
49
450
2,200
Feb
Feb
AUg
10%
7% May
Fen
Feb
6
500
4%
Apr
63%
25
200
23 Va
Jan
27%
Jun
22 % July
37
Jan
41
10
40%
.
■
157
37%
37%
39%
V
250
36
34
36
72%
—
65%
72%
10,600
6%
600
13%
1,300
44%
50
6%
6%
9%
6
Co
13
-
preferred
warrants
*
1
1.
—*
_B
Huyler's common
1st
preferred
Hydro-Electric Securities.
•
-
.' 8%
v
46%
47
181
Jun
43
34% May
28
Feb
Feb
Aug
72% Aug
9% Feb
Jun
28 Va
Jan
13
1
*'
36
Apr
55% Apr
4%
Jan
July
116% July
Mar
20
-4* '
Refrigerator Co
155
10
325
113
—
common
stock
V4 Mar
25
May
101% May
50
X43%
(Harvey)
Inc
A Refining
&
14
10
9%
,100
Oil
Lock
Feb
10% May
600
56
53
157
--•
preferred
July
14
47%
250
42% July
5% Jun
400
7% May
10V4
200
37% May
15
Feb
July
Feb
Feb
Feb
51% "Feb
3%
3%
300
3
Mar
3%
Feb
29%
29%
29%
500
21
May
49 Va
Jan
30
29%
30
2,800
25
May
59%
59%
60%
400
55
15%
Hygrade Food Products
43/4
Feb
•
Illinois Power Co oommon
6*
conv
4F>
-
:w
preferred
Illinois Zinc Co common
Imperial Chemical Industries—
Am dep rets regis.
Imperial Oil (Can) coupon
15
15%
1,050
May
13% May
13%
13%
l,80o
10%
14 Va
Feb
13%
13%
100
10% May
14
Feb
13%
13%
200
12%
Jan
14%
Feb
July
21%
Jan
13%
Registered
Jun
53 V*
Jan
Indianapolis
12
Feb
Insurance
Ireland
6
JI
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain A
Apr
May
175
40%
„T*
Baking Co
Hardart
12% July
23/4 Jan
Jan
1,300
12%
Jun
9
700
123/8
20
Aug
21,100
200
11%
July
9%
19%
Feb
74% July
13%
6
May
241/4
Hardart
Common
48
May
13
400
•
Feb
9% July
17% Feb
Apr
8%
common.
(Geo A)
$2.25
74
May
15
Va
5%
81
Jan
Jan
May
40
7%
17%
.21
•
9%
A
Jan
1% May
50
300
500
81
56
—
Horn
4%
May
35%
8%
Feb
9
Inc.
97%
2% May
81.
44%
—
JO
3
71
68
143 yA 144
•
Inc
oommon
For footnotes
8 3/s
12
—
preferred
convertible
63%
53
•
Klectrographlo Corp
83
67
65
Electrio Bond A Share oommon
Electric Power A Light 2d pfd A
Option warrant*
Co
325
48
Corp
85 preferred.
Easy Washing Machine B
5*
2,000
69
87 preferred series A.
Electromaster
3%
85%
-28
86 preferred series B.
Eastern Sugar Associates—
Elliott
3%
84
84%
J 00
Malleable Iron.
Eastern
3%
.100
6% May
'
.22'
Horn
New
Put
300
•104% 1043/4
,
Hollinger Consolidated G If
Holly Stores Inc
Hussman
6%
7
8%
Henry Holt b Co oommon—
Heyden Chemical common.
Hoe (R) & Co class A
Hurd
4%* prior nrafwrad
4
'
common——.
preferred w w
preferred w w
Humble
"
Feb
5
10%
Jan
May
May
May
70%
2% May
12
10%
4%
Jun
Apr
23/4 .Jun
-lOT
25%
July
600
16%
4*
Feb
Feb
35 Va
1,100
'
12
.*
*
8% %
Feb
12
6%
83/4
8
35#
Rubinstein
Feb
17%
10% May
^
—*
common
Hormel
CI
rest
Hosiery class B common—*
Duro Test Corp ««««">!>
i
7,
,
-
Feb
8%
May
V
Dept Storss
Hecla Mining Co
Hearn
19%
33%
67
;
3
14%
_ioo:
Ltd—
ord
Durham
Bast Gas A
oomi£l
-XM
Feb
Jan
-r_
— -
«...
--
Dunlop Ruober Co
v~3-
12%
5% May
650
3 Va
3%
Co..
Hat Corp of America. B non-vot
Hathaway Bakeries Inc
Hazeltlne
Corp
Brewing
Feb
2% May
75
62
62 i
Hartford Rayon common
Harvard
19
10% May
24% Jan
78
70%
*"
,
20%
Feb
12% May
12% Apr
333/8
1,800
—
69%
Harris
13%
Ltd.
Draper Corp
dep
133/4
<
__
Dominion Textile Co Ltd
Power
16%
—
B
Chem
A
400
15
•
Co Ltd—
A
17%
«...
«...
12%
_J
common
Dominion
Electric
Hartford
33%
35
Jan
9
'
• *1
IB'*
.
Class A
JU
*
Lamp
July
13% I
Domestic Credit Corp class
Am
11%
—
37%
Apr
Helena
Dobeckmun
Duke
200
8
May
6%
io
Products.
dep rets ord reg
Corp common
Driver
250
l
Raynolds Class B
Distillers
Am
10%
Ml
15%
&
Diana Stores Corp com
Divco
■
28
1,300
33
7%
ina
common.
Manufacturing
Detroit Gray Iron Foundry
Devoe
-7%
'
BO*
Mfg Class A enmwum
8* debenture
Detroit Gasket
32%
100
35
7%
7%
SB
DtnnlSOn
Derby Oil Co
35
IJg
Inc
•
5
13%
.
15
£1
Co
Pow
of
pfd
100
North America
10
b Lt
4%
109
107
93%
109
150
94
100
105%
86
Feb
Apr
Jan
May
"
'
3IV4 July
64
Jan
21% Mar
6%
111
Apr4
Apr
IOOV4 Mar
Volume 166
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4617
range
Week's
Friday
Exchange
Curb
Range
Cigar
Machine
International Hydro-Electric—
Shares
Low
International
Petroleum
Registered
International
A*
Utilities
1,000
Jan
4,100
10% May
15%
Feb
11%
500
Feb
Murray Ohio Mfg Oo
Muskegon Piston Ring
14%
700
11% May
11% Apr
15%
13%
14
15%
Feb
2 %
.1,000
1,000
2%
2%
12
12
Superpower A
12%
16%
B
*
for Week
Shares
Low
-le
1%
19
% May
Apr
1%
1%
18%
19%
6
5%
6
1
1
May
5Va
May
12%
States
Muskogee
Co
Power
1,300
8%
Jan
10% July
34
Jan
37
400
114
20
112% July
138 %
Feb
23
100
Feb
14%
1,100
18% May
12% July
24%
13%
11%
11%
100
10% May
13%
13%
600
10
700
1%
Jan
22%
Feb
7%
Feb
Nachman Corp
Namm's Inc common
1%
Jan
National Bellas Hess
%
Jun
13%
_
6%
200
11% May
5% Apr
15%
6%
7
Feb
3%.*
"3%
common
3%
3,300
2% May
4%
Feb
12%
5,600
.11
Co
Julian
&
Kokenge
1
14%- 15%
1.4%
1
common
3%
1
~3%
1
4
9 % '• 9%
900
•
22%
7%
Jan
2% May
7% Jun
2,100
6%
Feb
24 %
Fabrics
Feb
18
Jan
30
Jan
Jun
National
Cooker
Pressure
13%
National Radiator Co
Steel
Ltd
Car
K
Kansas
Corp
7%
I
7-%
Eleo 1%
pfd_.
Key
Co
17
100
17
19%
.100
20
400
15
'
common
10
Kidde
(Walter) ft Co
Kimberly-Clark Corp—
11%
5
J,
pfd B
100
Feb
Feb
26% Mar
26
8% May
108
62
"3
New
4%
M Co
Ltd
4%
12%
11%
114
5
1,500
12%
1,000
1%
1U
Jan
N
Feb
N Y
Corp common
Kobncker Stores
114
Jan
18
100
17%
Apr
23
Knott
6,500
18
(D Emil) Co common
Kleinert (I B) Rubber Co
23%
400
15% May
19% Apr
8%
400
161/2
400
8%
Oo
6
13% July
8%
•
Hi July
Feb
25%
19%
Feb
25% July
10% Jan
7% May
13% May
16
2%
Jun
24
Feb
2,100
10%
Jan
17
July
3,500
1
Apr
3%
3,000
2
200
9
May
May
13
Feb
800
400
790
90% May
4
May
8%
Jan
30o
10
Apr
15%
Jan
1,300
58% May
67%
Jan
13%
14%
.20
60 %
60%
63
-.1
16%
18
Jan
5%
5,600
3% May
900
1% May
2%
72%
25
10%
10%
72%
10%
100
33
common
34
200
lie
Rosarlo
Lakey
Clay Prod
Mines Ltd
Foundry
Lamson
Lane
Corp
of
Wells Co
._l
—
Machinel™"""
ft
Salle
Ext
7%
7 %
7%
8
20%
11% May
1,500
8
5%
600
20%
19%
Oil
Tourneau
(R
Material
Lionel
Niagara Hudson Power common.
5% 1st preferred
8 %
2d preferred
8%
.100
111%
Llpton
(Thos J)
19%
.100
260
110
%
1,200
li
12
13%
13%
—I
1%
Mines
Electric
Inc
Ino 6%
North
Jan
Northern States
May
12
Jan
Jan
44%
Jan
2
5,600
3,200
1% May
19'/2 July
18%
1,000
13% May
23
24
"9%
10%
400,
19%
Apr
Jun
Jan
Ogden
700
8% May
25% July
11%
Feb
Ohio
Brass Co
31
Jan
Ohio
Power
24
"Is
23
23
19%
May
29
Jun
26
32%
Jan
Mangel Stores
common.
Marconi Internat
Communication
Co
70
59
100
400
May
May
11%
Jan
109% May
15% Jan
McCord
IfcWilliams
Mead
ft
MessabI
90
82%
Co
Jan
20
July
t
v
Oil
Midland
Steel
9%
1%
9%
.10
Co
Mid-West
Midwest
5
$1
pfd
conv
dividend
shares—
18%
-*5
Co....
—
Co
Missouri
P
L»
Molybdenum
Montana
Mar
9%
10
19
4%
5%
2,000
100
800
300
4,100
10
10%
300
28
28
pfd
May
8% May
,.
16
3%
15
Pftin
Traffic
Penn
Water ft Power
111% May
6% Jan
6%
50
Jan
Jan
7% July
10% Feb
15
2%
9
36
~7%
7
Perfect
27
1
page
33.
210
:104
50
27
300
Apr
105
Jan
104
July
104
July
Feb
15
Mar
1021/4
26%
Apr
27% Mar
Ltd
Mines
Pleasant
Am
Scale
Co
6% May
9%
Feb
Pressed
50
31% May
38
Feb
common
6% May
10
Jan
ft
Geld
6
May
2% May
"5%
5%
51
5%
500
60
250
53% May
800
5% July
5%
4%
Apr
11%
Feb
4%
Feb
114
July
5%
Jan
Jan
69
91/8
Jan
2,100
40
Apr
52
Aug
13%
300
11
Mar
14
Apr
7%
1,200
47
52
12%
6%
Jun
91/4 May
12% Mar
13%
Feb
Feb
July
3%
2%
.
~3%
2%
12
—
,
"3%
700
3%
2,000
12%
1,000
2% May
6%
14%
44%
58'/a
59
59
280
9%
4%
10%
1,650
4%
51/4
200
15%
16
350
~4
Jun
May
2%
10
Apr
491/2
Apr
8
May
4% May
141/4 May
Feb
Jan.
Feb
46% May
61
Feb
11%
Feb
7'%
Jan
17
Feb
47/a
4%
4%
2,100
3% May
6%
Jan
2.50
13%
12%
13%
1,700
10 V4 May
19%
Feb
81/2 May
13%
Feb
_*
Providence
May
30
Mar
Public Service
11
Feb
May
5%
Feb
3%
Jan
15%
Jan
6%
1st
7%
1st
America
July
39
Jan
Pyle-Natlonal
Jan
Pvrene
150
35
84
40
80
1
11%
12%
600
1
May
% May
1
1%
Apr
9% May
48
1%
85
Feb
Jan
Mar
12%
Jun
2%
Feb
17%
Jan
1%
1%
3,200'
•
12%
13%
800
—•
9%
9%
100
8%
Apr
10
106'A
Jun
109
Jan
111V2 May
119
Mar
1% May
12
Jun
9% July
of Colorado—
preferred
preferred
194
5%
of
100
...
Puget Sound Power & Light—
$5 prior preferred—
Puget Sound Pulp ft Timber
Feb
45
82
•
Gas
31% May
3% Apr
42%
1
common
of Nevada
Prosperity Co class B
Mar
2% July
11% Apr
Mining
Inc
Metals
106
185 %
"5
.58%
-•
Lambert Co
Jan
500
700
15% Jun
24
200
360
100
Producers Corp
900
191% 191%
7%
3%
58%
10
1st preferred
1,200
6% May
7
25o
common
Corp of Canada
6%
50
5
1
common
& Alexander
9%
3
Feb
50
Mining Co
Prentice-Hall
500
Jan
71/4
July
shs
RR
E
Valley Wine
Pneumatic
Powdrell
Power
L
Premier
2,200
28%
Jan
4,600
27
Feb
3,100
Jan
Apr
5%
1%
Jan
Jan
2%
13
51%
14%
3%
9'%
90
Jun
300
17%
4%
Jan
24%) 25%
common
Pitts Bess &
2%
191/4 July
•
Governor
Pittsburgh ft Lake Erie
Pittsburgh Metallurgical common
Jan
13% May
110% May
1
121/2
800
Pierce
1
2
Feb
Feb
18%
.
21%
Pitney-Bowes Inc
Jun
17%
29
Jun
Feb
4%
52%
'300
12%
14%
33
Feb
May
33
800
Ltd
Jun
Jan
15%
300
Johnson
Apr
Jan
12%
11%
Gold
24%
Jun
3%
Apr
Jan
8%
13%
Pinchin
600
7,300
24%
6%
Pioneer
July
10%
3
*
Piper Aircraft Corp com
July
9%
Jun
% July
18,600
251/2
100
Feb
12
"A ""%
~6
6
7%
r.
Jan
30
2,400
103%
11
13% May
1% May
4%
38% Mar
13%
Apr
8%
10c
Feb
12%
41% Mar
Jan
6%
Apr
4
12%
Jun
35%
13%
5%
2%
13
7%
381/2 May -
*
*
Tire ft Rubber com
20%
4
8
1,300
1,000
1,200
40%
•
—25
—1
2%
Jun
*
CO
40%
50c
Pharis
Apr
1
.
Feb
May
Jan
59%
17%
12%
25 %
200
Feb
16
10
Philadelphia Co common
Phillips Packing Co
1,000
27%
12%
36%
3l%
33
1
20
2.50
Corp
2%
7%'
13% Mar
Jun
.11
*
Feb
1
Utilities
Circle
900
361
Jun
9%
24%
]}
9%
—2.50
Co
Pepperell Mfg Co
105
•
pfd
Co
15%
•.
com
4%%
Pep Boys (The)
Polaris
27%
class A
& Light
Jan
50
*
9
Power
Feb
3%
25%
8%
1126%
—
;
warrants
Cement
Penn Gas ft Elec
3%
15% Aug
100
common
common
see
9
'
Penn-Dixie
Penn
7
21% July
8% July
12% May
7% Jan
:50c
•
Montgomery Ward A
Moody Investors pal 41c pfd
Mortis Plan Corp of America
For, footnotes
1% May
500
•
1
Society A_
Dakota
5% May
8% May
1,400
*
50c
Corp
Pictures-
Loan
3% May
May
15,300
10
Mar
3
15%
50
5%
Public Service
Monogram
Monroe
&
July
Pratt
common
common
4%% conv preferred
Mining Corp of Canada
Minnesota
15%
25%
—
Midwest Piping & Supply
Mid-West
Refineries
Wohl
Feb
15
33% Jan
45
14%
common.
Abrasive
Oil
45
May
50
'2
9
Jan
8% Feb
12%
12
1
•
Pennroad Corp common
300
9%
■
37%
Jan
104
8
Co
Pen
Feb
38% May
8% May
1,100
4% May
40%
1
Corp
Feb
6%
9%
Motors
21%
Jan
48%
"
-
Jan
Mar
36
common
Airways
20%
109
..'7%
Tubes
American
Peninsular Telephone common
$1
cum
preferred
500
~4% ;~,r5 %
Pan
Feb
8%
7
2%
87% Mar
116
Mar
Page-Hersey
10%
5% May
Products—
non-cum
Mid vale
5
Jan
1
Apr
15% May
4% Apr
.
1% May
103
•
•
warrants—
preferred
Parkersburg Rig & Reel
Patchogue Plymouth Mills
1,500
t c_l
—
Corp
1st
40%
36%
*
Jan
1,300
.1
Ex-distribution
Miller
I~6
West Corp—
Midland
$2
v
c
Service
Public
55
2,500
1
1st
Parker
1%
•
Mlcromatlc Hone Corp
Middle States Petroleum class A
1st pfd
preferred
Pacific Lighting $5 preferredl
Pacific P & L 5% pfd——....
5%
8 %
2a
28
•
100
Pacific Gas ft Eleo 6*
Jun
2iy4
10
5
common
25%
1%
—2.50
.
Co
Paramount
Xl8%
1
Preferred
Can
Jan
1%
5%
Feb
31%
)
Pacific
13%
400
48'%
,
12%
Jan
16% July
113
May
11% May
25
;i5
8
Apr
Feb
9% Mar
12
1
20*%
18%
1
300
.
Apr
7
100
43
~5%
21
Mar
1,300
6%
Pantepec Oil of Venezuela Am shs
13
2,200
.15
Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar Co
B
15%
18% " 20%
25c
;
Securities
6% July
% July
600
100
Textile Corp
Participating
preferred
iClass
5%
Jan
46%
51/2 May
30
x30%
6
Jan
24
—
Metal
Middle
300
14%'
Jun
110
'A May
Jan
1
21% July
4% Jan
•
preferred
Iron
16%
15%
common—
Scott
Warrants
A
15%
43
30
Jan
30
...
Jun
41/2
19%
Jan
101%
xl06% Mar
31
1
Jun
1
Chapman
6%%
6
20%
1,100
1
Gas
Mfg Co
Merritt
;■$ %
•
Co
Natural
Menasco
%
*
Dredging
Johnson ft
Memphis
100
400
9%, 10%
•
Jan
7%
Feb
112
•
Inc
$1.30
6%
22
H
Corp common
preferred
$2.50
July
5%
13% July
31/2 May
50
15
Gas
Distillery
United Filters B
Pacific
38% July
•
42
40
200
Apr
Poindexter
23%. Jun
10
common
1,200
11%
.♦
LU
Harris
1%
35%
10%
il
•
Marlon Power Shovel
Apr
Mar
Jan
19%
20%
16
35
114% 115'
Overseas
18%
\
1%
35%
114%
1%
-
Marine
Massey
preferred
Natural
1%
•
100
class B common
300
.
6%
21
\
(The B) Co
Mapes Consolidated Mfg Co
Oklahoma
JOc
common.
4%%
12%
M
Manischewltz
Corp
12
50
5
300
O'oklep Copper Co Ltd Amer shares—
16,500
I
26
Omar
16%
IIIIIlO
1,600
25%
26
6
Jan
64
warranto
5%
Jan
15%
Co
400
11%
62
Co
5%
1
*
37%
19%
110% 110%
optional
35%
Jan
25
Service
SB
class A
7% May
70%
ougar
Power
16%
5,000
%
10
97%
Old
%
Public
25
Oliver
70 %
Macklntosh-Hemphill
107% 107%
Feb
dep.....
€* preferred B ctfs of
dep
Louisiana Land At Exploration
..1
Louisiana Power ft Light $6
pfd
" _•
Lynch Corp
—J
Maine'
1,600
Jan
900
Man mi
4%
9%
x21
5,80o
18%
4
42% July
31/4 Jan
May
10%
16
200
5 Ys
19%
62%
30%
200
Feb
Apr
32
13%
Jan
11%
185% July
155% May
400
40%
20%
May
6% May
41%
400
9%
...
1,075
11
40%
300
19%
of
10,300
7%
'
-1
Common ctfs of dep
7% preferred A ctfs
1,900
8%
23%
7
.10
16%
18% July
26% Feb
28
-1
Jan
Jan
1%
207/B
17
Legansport Distilling Co
2
Mar
29
1%
19%
"I*
Apr
13
Northrop Aircraft Ino
Nov&del-Agtne Corp
Feb
15%
1 '/a
8
pfd_100
Feb
10%
_
700
1%'
88
Oo
Jan
July
1
7
17%
Locke 8teel Chain
RR
11/4
14
40
Jun
19%
*"»
Lone Star Gas Corp common
Longines-Wittnauer Watch Co
Long island Lighting Co—
Perm
Jan
122% July
Apr
% May
Jan
8
Northern Indiana Pub Serv 5%
Jan
124
July
8% May
9% May
Feb
10%
7% May
13%
10%
•
Oil
I
100
183'A 185%
•
Utility Securities
Northern Central Texas
44
,
class A
1,700
15
8
common
Jan
1%
10
B—.
B
American
30
-25
...
...
16%
183%
7
preferred... .25
common
Olass
11%
1
North American Rayon
North
'
Power common—1
•
$6 preferred
Northeast Airlines
19% July
Jan
Jun
120%
120
11%
21% May
12'% Apr
1,800
Jan
21%
111
1
Jan
„1
...
Groceterias class A
Class
17
47%
May
75
•
34
„5
G)
Jun
May
20,000
8
Apr
5'%
.10
Brothers
Labiaw
19%
~H _«■
Co
Feb
9%
20% Aug
Feb
31
9 >/8
Niagara Share Corp olass B com
Jan
'
10%
7% May
111% 111%
optional warrants
Class B
15'%
-1
Corp
8
Apr
6% May
2,600
..5
common
Development
17% July
15% Feb
May
Jan
Jan
82
Mar
10
shares
301%
"Is
preferred
Leonard
Lit
1,500
class~~A
University.
Realty
Prior
Line
13%
12
72
13
.it
North Amer Light ft
500
7%
-1
Monotype Machine
Lefcourt
La
17%
B
Lanston
La
..1
" ..5
Delaware
common
Langerdorf United Bakeries
Class
15%
15%
12%
5
8
Feb
6%
1%
Jan
Shipbuilding Corp—
Founders
Noma
Laclede-Christy
120%
1%
common
Feb
18% July
10% Jan
Jun
4%
5
—1
Merchandise
Nlplsslng
Lake Shore
4%
13
72%
Mining Oo
Nlles-Bement-Pond
'
Jan
18%
6
Nineteen Hundred Corp B
16%
Feb
5%
17
17
14%
ft Honduras
Y
2 Vs
11
94%
Auction Co
Y
Jan
18
1%
ft Arizona Land.
Jersey
N Y
Feb
Jan
14% July
.20
Process Co
69
7%
10% May
100
New
17%
Jun
600
preferred.
Zinc
Park
N
12% May
4% Jun
14%
6%
93% 100
conv
New Mexico
Feb
46%
1,000
Mar
Haven Clock ft Watch Co.
87%
20
151/a
14
July
15
Apr
May
10%
•
England Tel ft Tel
4% %
Feb
Jun
Jan
600
10%
20
1
New
111%
56%
39%
11
21% May
9% July
1
•
New
Jan
10% July
14% Feb
13
100
14%
15%
1
20s
Neptune Meter common
Nesle Le Mur Co class A
July
20
49
-
14%
Klein
Brswing
125%
July
May
6% May
*
43
Petroleum.—
Krueger
122% July
1,325
11%
62
D
Klrkland Lake Q
9%
New
King Seeley Corp
Kingston
Products—
Kirby
May
600
300
29%
13%
Jr
preferred
Kings Co Lighting 1%
preferred
10%
9
4%%
85$
5
__
Is
.
16,900
17
Gas ft
Kawneer Co
Kennedy's Inc
8?
15
17%
•
Corp
(Herman)
Nelson
Jan
10
10
12.80
Radio
Union
National
Jan
Jun
15%
13%
•
Transit
National
45
43
May
29%
—4
National Rubber Machinery
National
Apr
Jun
12
17
a
com
National Tunnel ft Mines common
Kalser-Frazer
12%
National Mfg ft Stores common.
11% Hay
3% Jun
400
3%
3%
•
Oo.
2,000
12%
Malllnson
National
Glass
Feb
43
38
preferred
1%
Lake Sulphur Co
Jim Brown Stores common
Class A preferred
14% July
12% July
N
Apr
National Fuel Gaa
Jefferson
Jan
Mar
23
National Breweries common
Jeannette
30
2%
114
2.50
com
Jan
1%
525
Apr
10%
32%
—•
new
common
16% May
4% Jun
1,100
1%
10
•
common
High
1,100
Jan
30
Mountain
Low
1%
Feb
9 %
12 % May
400
•
29
2
800
19
68% July
Range Since January 1
High
1%
.10
Mountain States Tel ft Tel
12
45
Sales
Range
of Prices
Par
Mountain City Copper common.
Mountain Producers
67%
25
•
common
Jan
11%
10
$7 preferred
21
Jun
Week's
Last
Sale Price
Exchange
11%
11%
Investors
Royalty
-—1
Iron Fireman Mfg voting trust ctfs„•
Irving Air Chute
1
Italian
16%
400
Curb
High
Low
18 %
York
66 J/4
*
Safety Razor B
International
Interstate Power
Friday
•
shs—•
coupon
Products—
International
66%
50
shares
1
STOCKS—
New
Range Since January 1
High
17%
•
Preferred $3.50 series—
international Metal Industries
AUGUST
tor Week
of Prices
Par
International
EXCHANGE
for week en»ing
Sales
Last
Sale Price
STOCKS—
New York
CURB
YORK
NEW
(491)
Co
common
Manufacturing
106%
106% 106%,
100
•
101%
•
34%
8
18
Jun
110%
Jan
32%
34%
1,100
25%
Jan
34 %
Aug
12%
12%
275
9%
Apr
14%
Feb
May
11%
Feb
101% 102
—
—
-
250
—
xlOl
8
31
32
THE
(492)
Week's
of Prices
Low
Par
Range Since January 1
Shares
Shovel
91
470
85
May
159
60
155
May
90%
157
15
Jan
Feb
90
170
Tivoli
Exchange
for Week
Shares
Range Since January I
14%
12
1,300
7%
*
Stocks
200
73/4
14
7%
1
40% July
22"% Jan
Jan
12% May
800
16%
15%
1
Co
High
Low
High
33
1
Inc
Allied
&
Low
5
common
Realty & Construction
Brewing
Tobacco
183/4 Feb
May
Co
Roofing
Tishman
91
157
Range
of Prices
Par
Tilo
•
100
Oats common
6% preferred
Quebeo Power Co
Curb
High
Low
High
Thew
Quaker
Last
Sale Price
STOCKS—
York
New
Sales
Week's
Friday
• Sales
for Week
Range
Sale Price
Exchange
Curb
York
New
"
Last
AUGUST 1
WEEK ENDING
RANGE FOR
Friday
EXCHANGE
CURB
YORK
NEW
STOCKS—
Monday, August 4, 1947
COMMERCIAL & FINANCIAL CHRONICLE
17%
Apr
53/4
63%
dun
x8
July
Amer
Edison
Toledo
1%
—*
/
la/8
11
"—*
Corp.
preferred
6%
700
8%
x8
dep rets ord regis
dep rets def reg
Todd Shipyards
R
2%
1% July
1,500
10
98
98
.—100
12% Jan
79
Voting common
Packing
Rath
10
1
10
•
•
.
Utility Investment A
Railway ft
Co common
Raymond Concrete Pile common
$3 convertible preferred
Jan
Apr
Feb
Tonopah Mining of Nevada
Trans Lux Corp
2
Feb
May
114%
Feb
1%
1%
100
1% May
1%
Jan
3%
4%
400
3% May
4% Mar
Feb
Trunz
2%
12,200
-
35 %- 36%
300
51
8
6i/4
Jan
55
Feb
Jan
83/4
9,100
6% May
13 3/a
800
18y2 May
233/4
400
6%
warrants
*
Tung-Sol Lamp Works
18%
275
143A May
20 3/4
25
200
22
May
32%
3% May
6%
Feb
5 3/8
6%
Rolls
1,600
Realization
Ulen
4,100
60
200
103 ya July
25
Mar
x2
105
-
30
Feb
2%
1% May
""
30%
104
Cable
Rome
Ronson
Co
of
Co
Royalite Oil Co Ltd
Aeronautical Co
Ryan Consolidated Petroleum
Ryerson ft Haynes common
4,800
6y2
Jan
12% July
400
15%
Apr
24%
Feb
Apr
18%
Feb
14
Feb
113/4
19
Jun
14
11%
11%
100
4%
4%
4%
700
6
6
6 V2
1,500
5
51/4
300
10% July
3% May
6
11
Apr
Milk
conv
United
12%
133/4
5,300
40 3/8
2,800
9%
3
United NJ
Feb
United
9%
9%
3
31/4
800
23/a
700
2
6%
4,800
-_7
U
S
Foil Co
Feb
U
S
July
V/b May
U
2% Mar
S
Feb
25c
10
common^—_25
3% May
X25% May
-1
29
41/4
41/a
4%
4,200
33/a
Jun
6%
Jan
Universal
333/4
351/4
2,100
29%
Apr
37Va
Jan
Universal
Products
Scullin
Steel
Co
Segal
Lock
Industries Inc
Convertible
3%
3%
173/4
17%
1
•
2%
1
common..
3
2%
2 S/8
warrants
prior stock
29
Utah-Idaho Sugar
Utah Power ft Light common
Valspar Corp common
certificates
Allotment
3%
2,550
13
May
213/a
200
78
May
90 % July
Semler
Inc
(R B)
Sentinel
24
Sentry Safety Control
Serrick Corp class B
Feb
Shelter Mtg Co
4%
preferred
of
200
•
-
3%
Feb
Apr
2
Feb
Jan
12%
19
900
Jan
112% 112%
130
14
106% May
10
Feb
1153/4 July
-
27
Feb
27
Feb
•
Ltd
11%
Apr "
113%
Jun
•
common
11%
11%-
13
V
10
3,800
Feb,
«17
May
Sihimons-Boardman Publication*—
$3
convertible
preferred—
Pattern common
Simplicity
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis—.
Sioux City Gas ft Elec Co—
3.90% preferred
II,
Smith (Howard) Paper Mills
Solar Aircraft Co
39
•
1
"7%
".7%
~8
6%
7,200
297
293
10$
...
x255
20
39%
Jan
Jan
8%
Apr
Feb
312
May
Jan
"
£1
,
100
100
500
5%
5%
4%
10
100
100
8
1
2.
Solar Manufacturing Co..
So no tope Corp
_7%- ~8%
4%.
4%
3%.
31/4-
3%
4,200
7%
7%
3%
13,700
700
1
Apr
15% Jan
8%
Jun
Feb
33/4 July
5
May
9
Feb
3% May
7
Jan
31%
32%
27
1,900
10
333/4 Feb
May
27
32%
12.50
Southwest Pa Pipe Lipe
25
'<
2% Mar
1
South Penn Oil common
Apr
102% Apr
July
Apr
7% May
2,600
4%
1
1
Sosa Manufacturing common
South Coast Corp common
5%
Jun
24
*
Jun
4.48%
preferred
Southern Pipe Line
Standard
Co
Standard
class
Starrett
(The)
x3% July
400
2,100
16%
4 %
May
6%
6 %
1%
61/2
200
1%
500
Jun
8%
July
Feb
9
43% May
4%
20%
103/8
29%
28%
30%
23/4
2%
3
2%
400
11
2%
115
Jan
May
36
preferred
7%
Apr
273/4
Jan
$2
200
1% May
10
600
100
55/,
55/8
63/a
1,300
'
May
33/4
130
Feb
Feb
Apr
12%
Feb
3% May
4%
Feb
4% May
9%
May
77%
27%
Co common
(S)
Sun
&
Co
Western Maryland Ry 7%
53/8
May
13%
Westmoreland Coal
Westmoreland
325
11% May
17%
*
25c
1%
300
1 % May
173/4
50
1,400
2 3% May
8,900
7
13%
—
323/4
ft Ca—
8%
„1
3%
.10
20
May
26
May
3%
13
100
8%
100
16
-
3%
2 3/a
Brothers
7
Jun
12% May
32
10
July
20%
Jan
Jan
Feb
3 Ya
Jun
125
12%
Apr
14%
Technicolor
Texas
Texon
Inc
Power &
Oil
Textron
&
32%
xl3%
common
Light 7%
Land
Co
Inc
x31%
33%
13%
118
11
—
900
14 y8
118
pfd_.
1,400
11
133/s
15
20
.
100
9,300
2%
Jun
33/4
Feb
500
26 ya
Apr
35 y4
July
Jan
23
32 % Mar
200
23
2,200
3
600
21
May
300
8
May
50
27%
3%
,
94
22%
10%
100
-
May
May
•
43/4
Jan
223/4 Mar
3%
•
126% Mar
Jan
7% May
2%
Feb
4
July
11% May
14
Feb
*
3%
5,000
4
100
13-,
13
Feb
123/4
May
6%
200
6%
•
6%
3%.
1,700
2%
7%
~1%
•
7%-
14
100
1%
7
3% May
8%
iya May
eya May
111
Feb
23/4
Feb-
8%
Jan.
1,200
Feb
113% Mar
July
14
105
May
131
Aug
27-
50
25
May
32
Mar
36%
36%
25
26
Jun
21%
50
18
16%' 16%
50
14
Apr
173/4
Jan
700
19
.Jun
27
Jan.
T3
131
Jan
60
21 %
13%
May
19% July
13%
14
131
123
27
-T"
24
24
23
.
July
22
20 %
Jan
14%
13%
~l3/4
150
13% Jun
100
14% May
19%
Jan
1,300
5% May
83A
Jan
73/4193/4
200
173/4
213/4
Feb
900
-11%
11% May
15%
Feb
Jan
108%
Apr
7
Jun
107
~2
1%
1,600
1
300
11%
11%
11
200
200
2%
Jan
37% July
.153/4
13%
1%
8%
3,500
-
12
Wright Hargreaves Ltd
Feb
12% Feb
6ya May
600
7%
7%
£1
Apr
Feb
5%
27
650
15%
preference
May
3%, Jan
Feb
13%
1133/4
900
7%
4 3/4*
1%
7%
Apr
2% May
500
3
17%
17%
11%
1
Jun
8 3/4 May
110
19%
100
10
2
1%
400
10%-
3%
10
receipts———Bi
deposit
American
"2%. 1%
May
Jun
9%
Feb
Feb
16 5/a
Feb
12% July
11% July
14%
Jan
2V4 May
"3"%
Feb
4,100
8%
Jan
29 % May
10 3/4 May
117
8%
Jan
Apr
li% May
10
34%
July
Feb
19% Feb
122
May
11% July
Week's Range
Friday
Interest
Exchange
Curb
Last
Period
BONDS
York
New
Sale Price
or
Friday's
Bid & Asked
Low
Amer
Appalachian
Appalachian
Associated
Bell
5s
City
110
$119
J-J
I960
1998
——1970
series C
Steel 6s
Edison 2%s
Boston
{Central States Electric Corp—
A5s (10% redeemed)
A5%s
(10%
redeemed)
IA Chicago Rys 5s ctfs (part
Debenture
Registered
J-J
1st
106 %
ioa%
—
113
Q-r
paid)-1927
F-A
67%
13
64
81%
84
133
64
1,450
25
103%
105
27
A-O
104%
104
M-Q
105%
105 % 106
J- J
105
104%
106%
93%
776
90%
93%
92 %
93%
103%
44
92%
92%
4
92
92%
104%
J-D
107%
109
4
104%
106%
105%
15
104%
105%
118
110%
114%
116%
119%
A-O
105%
—1962
M-N
113%
113% 114
Gas
Lackawanna
1st
of
1984
mtge 4s
no.
k
l-O
1903
Jf-N
1993
May
$116% 117%
Western RR—
N
mtge 4s ser
1st
J-J
(Bait City)—
4%s—
Lack ft
,
$107
107%
105% 105%
..
1981
mtge
86%
78
76%
67 %
ref 23/4S series R_i—
Gen
85.
57%
M-S
P_
106 '
81
104% 1043/4
.1
ser
115%
165 it
104%
80
1977
2%s
11
105% 105%
1123/4
165
24
113
180
/
J-D
105 %
Delaware
A
103%
105 %
196#
—1978
mtge
n9%
101%
1U2%
1958
196#
mtge 3s
111%
10
ser Q
ref
High
102
109%
1173/4
121
$166
J-D
813/4
Consol Gas El Lt as Pwr (Bait)—
22
19
tl07
MS
Debentures 3s
Low
100%
-
110%
103%
103
1948
—1954
5s
January 1
No.
'
J-J
5s
Dpbenture
Range Since
Sold
High
Jan 1906
Cities Service 5s
Bonds
102% 103%
_
Telephone of Canada—
Bethlehem
"
Af-N
1W64
3V«s
Electric
J- J
1955
A^soc Tel & Tel deb 5V2S A_—
J-D
1953
4%s
Electric
$ 101 %
J.J
1981
1970
2024
6s
Elec Power 3%s
Power deb 66—;
Writing Paper
Consolidated
800
300
6%
Ltd—
(F W)
Woolworth
Feb
Feb
1,700
10
2%
34%
15
2%s conv debs
9%
183/4
1
Petroleum
Woodley
1st
1
89 3/a
28
-•
common
preferred w w
5%
1st ref
Taggart Corp common
Tampa Electric Co common-
Jan
10% May
15
Elec common
Wisconsin P ft L 4% % pfd
Wolverine Portland Cement
Woodall Industries Inc
Jan
33
•
4 3/a
-14
Feb
Apr
Feb
82
9%
Inc
Products
Wilson
1
—10
—*
ft Co
C)
<R
Williams
Willson
173/4 Aug
13% May
150
2,100
26
30%
15%
Inc—.
Oil Corp
17%
25%
311/4
3%
500
3%
—
——,—1
Oil Corp
River
Wichita
Jan
33/8
173/4
Superior Portland Cement,
Superior Tool & Die Co
com——•'
20
10
-
Inc^
(Wm)
Whitman
Feb
7%
12%
•
common
1st, pfd—100
Weyenberg Shoe Mfg
Apr
Feb
3%
73/4.
May
500
100
*—1
Western Tablet ft Stationery
Peb
8%
10%
1%
Corp
Finch
293/e
Jan
13
Ray Drug common—
Swan
Jun
6%
31/8
(Hugo) Corp
Stop & Shop Inc
Sunbeam
14%
11%
Stinnes
Stroock
400
200
7%
Co common
B)
19%
18%
Sterling Aluminum Products
Sterling Brewers Inc
Sterling Engine Co
Sterling Inc_
May
2
13%
4% "
—1.23
West Texas Utilities $6 preferred
•
West Virginia Coal ft Coke
—8
Feb
(J
Co
Wentworth Manufacturing
Feb
17% May
Stetson
Watch
Warner. Aircraft Corp__
Atlantic
65
Stein
&
15
86
21%
Baking Co warrants—
Ward
Feb
Steel Co of Canada
(A)
pfd
cum
Waltham
32% Mar
4
Feb
1% May
4
%
4% July
6,000
115
~3%
3
1
30
1
Waitt & Bond Inc
21% July
133/4 Feb
9%
3%
173/4 July
500
1,500
2 3/4
Feb
May
9%
4,000
Jan
Iff
Feb
Jan
3
50
10%
2 3/4
25%
17% Mar
700
20%
Apr
1%
1,700
4%
181/4
14%
23%
26%
26%
ext—•
100
Wagner Baking voting trust ctfs
Jan
30
14"% May
10
1
Corp
Apr-
30
20%
1
1
18
1
j.
-
83/4 Mar
Jan
3,300
6
1
B
29%
28% July
x3%
•
Co
class
300
28%
•
Products
Tube
33 % July
55/s
1
Light
Preferred
Standard
Jun
27 3/s
10
B
Standard
-
29%
x3 %
_1
Forgings Corp
Standard Oil (Ky)
Common
29%
20
$1.60 convertible preferred
&
29%
291/4
2.78
Cap & Seal common
preferred
Dredging Corp common
Power
2,000
45
•
•
Convertible
Standard
32%
Jan
9
Royalty Co
Spencer Shoe Corp
Stahl-Meyer Inc
Standard
313/4
July
Feb
May
8% May
W
Feb
41
10
Southland
Brewing
40
25
cum
Standard
443/4
29
preference
conv
4.32%
44%.
14%
11
453/4
480
19'/a July
•
Winnipeg
29
original preferred
200
3,200
12%
*
——
Aircraft Co
Waco
-
35%
Southern California Edison—
5%
49 y4
10%
.,
Feb
•
Canada™
Manufacturing
Vogt
Jan
157
May
Apr
2%
Feb
4%
24
May
93/4 May
700
142%xl48
Feb
133/4 Mar
71%
32%
1
20o
Venezuela Syndicate Inc
"
142%
Jan
May
84%
12%
143/a Mar
Jun
2% May
300
12% -12%
Jan
4%
113/4
1,000
195/b
112%
100
Breweries
Silex Co
*
29
common
Sherwin-Williams
Sic.k's
-.12%
1
Sherwin-Williams
12%
33/8
195/8
13%
1
900
$4 convertible preferred—
Venezuelan
Petroleum
—
July
2y8 May >
5% May
300
1%
12%
3%
9
•
Power
ft
1,100-
6%
3%
li/4
•
Shattuck Denn Mining
Water
"l%.
1
1
Seton Leather common
r
3
1
common..
92
Jun
10
62
Feb
83/4
5s/a
55/8
1
Radio Corp
Shawinigan
80 %
200
1,575
Apr
Feb
Feb
Apr
-
,
3'%
Jan
May
2
90
73A
2933/4
1% May
48
2%
2%
1
8
4V4
2% May
19
88
90
Apr
255% May
11
70%
10%
•
1
$5.50
24
253A July
28
Feb
Feb
150
19
common
Feb
11,100
165/a
9
7,100
Co
Jan
31/8
25/8
Oil
4V4
.
May
211/4
21
stock
17
Feb
27%
Apr
18
13%
May
2% May
200
Jan
19% May
16%
13 %
21%
8
100
•
Hardware
&
300
11%
1
Selby Shoe Co
Selected
10%
•
common
Securities Corp General
Seem an Bros Inc
17%
10
47%
10%
•
•
1
50o
10
10
10
5
Securities
Jan
13
45 % Mar
Apr
700
2%
11
8
Consolidated
Universal
May
143/a
50
69
70%
1
Insurance
351/4
Inc common
United
Aug
3/a May
29
Jan
73/a
7% Mar
common
200
600
Apr
62
50
256
common
Stores
43/4
33%
Feb
8,600
2
1
S Radiator
U
4%
6%
22%
23%
23%
256
class B
31%
33% July
2,600
11,700
27
preferred with
1st
ISO
16%
100
and International
$5
Feb
40
Mar
26
200
27
Graphite common
5%
35%
20%
21%
*
common
Feb
10
Jan
Jun
2% May
1,400
regis
43
2% May
~4%
40
16
16%
25
Specialties
31%
(D A)
"33/4
35
common
Profit Sharing
preferred
Shoe Machinery
"4%
Manufacturing
Jun
102% May
225
39%
33/4
.10
RR ft Canal
•
Scovill
1043/4
•
9
1
Schulte
Apr
Ltd—
Scniif
common
7
56
40
.
Co
rets ord
dep
Savoy Oil Co
Sayre & Fisher Brick Co
Co
Jan
1033/4 104%
50c
com
Railways
&
13%
27% May
1
Corp common
Feb
8 3/a
93/4
U
Products
Molasses
Amer
Mar
5%
7% May
38-
1
Salt Dome Oil Co
Samson
131/a
39
•
50
Corp Ltd
pref
$2
11%
."7% May
5% May
common
Preferred
A
6 % May
200
8%
•
Products
Preferred
United
Feb
6%
Jan
3%
Light
United
United
Lawrence
2,200
warrants
United
10%
Class
3%
8 3/4
•
100
Omaha
Corp
Corp common
United Gas
United
St.
9 3/a May
2% July
Elastic
13 V4
15
-1
•
1
.
Corp
United
18 3A
1.29
Russeks Fifth Ave common
Ryan
United
5% July
10%
11%
10
*
Rotary Electric Steel Co
14% July
500
4%
Aircraft
20% July
2,400
434
43/4
400
Calif—
Chemicals
Apr
300
20%
19%
8
1
Feb
400
9%
*
Co
Union Stock Yards of
Jan
143/B
19
3
Jan
12%
6%
7%
*
$3.75 pfd series A
313/4 Mar
3y4
14
5
Corp common
Works
Roosevelt Field Inc
Petroleum
Oil
Union
107% Mar
United
Metal
Art
Investment
United
£1
dep rets for ord reg
Feb
7%
9%
'—100
5
Corp
Unexcelled Chemicals Corp—
Royce Ltd—
Am
Root
xl%
1
100
•
pfd F
Pendleton Inc
ft
32%
4% May
U
Jan
Union
vtc
(Texas Corp)
Roeser
Jan
Jun
27.
6
~6%
•
Feb
25
Gas Co—
Rochester Gas ft Elec 4%
3%
l3/4 May
25
30
30
,—1
1
80c convertible preferred
Union Gas of Canada
Rio Grande Valley
2%
2%
Inc
8 Ye Mar
Jun
6
18
1
Richmond Radiator
4%
Jan
63/a
—1
—1
Jan
21%
7T/a
21
21
38%
29% May
100
54
110
—100
—
Tri-Continentai
31
*
Dry Goods
Rice Stix
preferred
5'A
19%
5
Electric ft Engineering
Reliance
7%
May
15 ya
54
35%
1
;
2 Va
300
XV< May
•
Co
Bit
Roller
Regal Shoe Co
10,600
273/4 May
5
Raytheon Manufacturing common
Reed
4VB
18'%
Jan
105
July
Xl07% Mar
May
105% May
— mm
'
3%
18 %
3%
Jan
Tobacco Security Trust Co Ltd—
Amer
Radio-Kelth-Orpheum option warranto.
Railway ft Light Securities
Jan
73/4 July
Apr
49
--
—
J
A
ser
ChiAl
Division—,
B
•> l/-c
IQAft
-T-J
58
60 3/8
32
32
103% 1033/4
66
25
103 %
68%
36%
106
Volume 166
Number 4617
THE COMMERCIAL & FINANCIAL CHRONICLE
(493)
NEW
YORK
RANGE
Friday
Interest
York
Curb
Exchange
Last
Week's Range
or Friday's
Period
BONDS
New
Sale Price
Bid & Asked
Bonds
CURB
FOR WEEK
EXCHANGE
EN.DING
AUGUST
1
Friday T
BONDS
Range Since
January 1
Sold
New
York
Curb
Interest
Elm Ira
Water
Finland
•
5s
Lt
&
RR
Residential
stampede
Bs
Low
1956
Mtge
High
Low
MS
1121
A 5s
ms
A General
Rayon Co 6* ser A——1948
.Grand Trunk Western Ry. 4s
*1950
J-0
—
Green
Mountain Bo wet 3%s_
Guantanamo & Western 6s
Hygrade Food 6s
,
6s
series
1st lien
5s
A 7s
105 y2
$55%
-
a-o
1941
$103
1941
102%
106% 107-
3-D
1
103%
A7s
106 Vs
108 %
37
2
32%
36%
2
31%
37%
2
37%
34%
1952
j.j
1963
j-j
Kansas
1966
3-D
42
„
Electric
Power
3%s
Kansas Gas & Electric 6s
100% 101
85%
85
33
35%
78
1
102%
;/
42%
MS
$110 3*2
j-j
$110% 111%
r-A
111
111%
110
111
102
—
104
■
102% 103
Danish
Milwaukee
1963
A-O
62%
62%
62%
:
4yas
Hew England Power 3%s—,
1967
MS
1961
M-N
107
2004
1908
3-D
104
104
A-O
1971
A-O
1958
r-A
53
107
N Y & Westchester Ltg 4s
Ohio Power 1st mtge 3%s
101% 101%
1st mtge
Pacific
3s
Power
&
Light 5s
1st mtge 3s
Park Lexington
—1964
3%s_1904
1970
4%s B
1958
(Can)
103
1053/4
104
1071/4
109
105%
107
87
J-D
1013/4
87
77
106% 107
109
$105 3*2 105 %
1043/4
106%
5'/a 3
series
If-N
-
■':"
'
159% 159%
l-O
1952
$105% 108 7
5
159
Safe Harbor Water Power
Corp 3s_1981
Ban Joaquin Lt & Pwr 6s B
1952
Scullin Steel Inc mtge 3s
1951
M-B
Southern
California
1968
M-S
Southern
California
3%s_—1970
A-O
Edison
Gas
Southern Counties Gas
1st
3s
Bouthwestern
1971
Gas
&
Elec
3%s
collateral
5s
reduced to
ARusslan
108%
120
121%
100%
106%
107%
•No
106%
107%
104
105%
.
,
106% 107
41
$106% 107%
104%
3-3
104% 104%
1
r-A
$107% 108%
M-N
$104
1950
A-O
115
1966
trust—.
A-O
'
V.
:
$70
'
r--
107'A
__
104%
101
6
reduced
74%
40
1
42
42
■.■•'•.■ 1
104% 104%
3-D
fiThe
75
that
Last
mi
•'.,: 5
Par
Low
..
Lt
&
35
2
47%
106 %
104%
22%
19%
130'
4ya
"52
22%
23
116
10
40
150%
-
1
.
High
4
116
25%
Feb
9'%
Jan
-44%
,
40
2
100
2%
2%
2%
81
2%
6
j-j
2%
2 %
2%
35
2%
6
following issue sold
45
44 %
Co
112
1975
4s
45 %
603
112
76%
Friday
116
Apr
160
Jan
Jan
Jan
40%
Jun
112
1,500
71
Public
Service
1st
Agricultural Chemical-
Maine
Central
5%
RR
preferred
Woolen
Anaconda
Copper
Boston
&
Tel
of Prices
15
.
_*
Apr
Mullins
Mfg
43%
39%
July
Apr
90%
Feb
35%
39%
100
Ry
100
5%
class
1st
D
44%.
,
2,633/
1,186
354
Cities
Copper
-
Hecla
Range
Gas
6%
6%
Mass
—
SS
B__.—
First
For footnotes see
! v,
A_
26% July
37%
Shares
Low
7%
700
7%
9%
59
612
8%
15%.
7%
39
69%
100
74
93%
22
50
77
Butte
74
21
91
50
%
75
69%
74%
.
•
59%
38%
36%
•
95j;
2%
41%
Jan
•'*
6
6
19
3% July
May'ii',''Jf 51%
58% MajfA
78'/a
5% July
T'
Jan
Feb
.
^' <1
7%
Feb
29
10
23
Jun
32%
Feb
31%
53%
85
32%
Jan
20
24% May
43% May
60%
Feb
19
19
50
15% May
21% July
16%
'
•
29
30%
16%
5
16%
327
16% July
21
Feb
19%
Feb
17
Colony
1%
4,450
14% M»v
26c
May
—50
1
3%
;
ii;
Jan
|
4
Jan
%
1,400
% July
37%
136
26 Vs May
39%
Feb
21%
818
17% May
26%
Feb
820
3%
3%
13%
13%
2%
3
165
1%
.2.50
8%
8%
180
7% May
—*
——
*
Feb
14
Feb
Feb
3
Aug
11%
Feb
25c
100
25c
60c
Mar
15
635
13% May
16
July
14%
14%
15
10% May
17 Va
32% May
40% July
/'(
39
39%
56
;
40%
432
43%
5
United Fruit Co
4%
Mar
25c
14%
•
Drill
2% May
12
14%
_100
* -
120
43%
50
55 %
59'/a
3,174
69
70 %
1,675
40
Jun
May
44%
United
6%
Shoe
S
S
Smelting
common
—
Rubber
70%
47
10
—
Refin
25
25
Machinery
preferred
U
Min
&
47
48%
50
50
15%
Co—.-50
47
46%
50
;/
48%
Feb
46
Jan
15%
47
61% May-
Waldorf System Inc —
Warren (S D) Co —
*
Jan
59% July
•
71%
Apr
10
45%
Jan
48
215
40%
Jun
60%
Feb
38% May
50%
Feb
13%
17%
Jan
18
Apr
Apr
May
*
6% May
23% Jan
.
* 18
'■'/
8%
May
15 %
16
350
13 %
29
28 %
30%
900
22% May
100
82
60
Jun
.97
Friday
Feb
May
Jan
69% July
27%
x26%
58%
85
55
22
330
28
10
59%'
39
27%
74
July
99 %
Jan
Admiral
Corp
Advanced
for Week
Shares
Alum
Castings—
Bearing
American
Tel
*
Jan
24% Mar
Armour & Co
25
Apr
30
Asbestos Mfg
519
51% May
1,696
31% May
23% M4y
463
Laboratories
Low
1
common
Ball
20%
Jan
5
4%
Co
capital
common
60% July
Athey Products Corp capital—
Automatic
Feb
Avco
Washer
common
Manufacturing
500
4%
Corp.™;
6% May
100
157
4%
400
4% July
400
9%
1,000
17
Jun
156"% 157%
1,800
150
Jun
5
Co common
Low
8%
11% .11%
20%
21%
common
& Tel
Range Since January
High
8%
common—
40
32% Mar
30% July
Sales
Range
of Prices
Jan
124%
Week's
Last
Sale Price
STOCKS—
Allied
x93 % July
July
Chicago Stock Exchange
Jan
39% July
10% Jan
9% July
16
12%
14%
13 %
1
2%
2%
2%.
9
9%
4
—3
_3
.
14%
4,000
700
"250
4%
5%
4%
500
5%
5%
1,200
Jan
,j
Feb
1%
July
—10
; j
Jan
121
19%
20%
—25
—
Assn
Co
67c
90 % May
%
————
Twist
Union
310
*
Corp
Torrington
59
},000
34%
——
Pennsylvania RR
1
%
100
RR
-
31c
93% 100
■
'.
17%
28c
28c
94%
2.50
Mining—
8% July
8% July
8% July
12% May
227
?93% X93%
28
*
42.
-275
47%
69%
Range Since January 1
Low
High
52%
100
.
Westinghouse Electric Corp
260
9%
85
•
page
500
69 Va
Par
85
100
Co
3%
Feb
"9%
•
High
.-'45%
_1
—-1
Cos
Aetna
—
3%
—;
Jan
39%
-100
common
Sales
for Week
Jan
Jan
Ry—
Inc
Razor
50%
20% May
4% Jun
.100
Stores
Electric
Safety
135
39% May
57% Feb
Associates—
National
Gillette
Jun
42% Mar
450
8%
___
Employers Group Assoc—
General
117
because of
range
"
Range
31%
1
_.
Service
England Tel & Tel
Pacific Mills
Feb
May
290
7%
-
Lines
Feb
50%
31
33%
7%
—
.
Street
Ex-rights.
Feb
28
14%
Co
1st pfd series
preferred B
Eastern
174%
Jan
26%
44% Mar
31%
stamped
preferred
Eastern
.44%
jun
26 %
preferred-.—
Fuel
34% May
34% May,
149%
58%
36%
&
/
27%
4%% prior preferred
E%
,
59
Service
Eastern
■/>■•
&
Week's
.100
Racing Assn..
U
195
2,284
'. }
Calumet
rt
41%
v
High
32
pfd
1st
121% 122%
43
Boston Personal Prop Trust
"iA
.
A
Range Since January I
55
60
■
44V4
36%
prior preferred
class
42 Vs
39%
•
25
-7%
•10%
41%
39%
■
of Prices
———
Corp "class
National
Old
112
Low
156% 157%
at 26%.
Friday
.100
—.
Stone & Webster Inc
'
50
—
Boston Herald Traveler Corp
Boston & Maine RR—
.
42%
31
45%
common
Mergenthaler Linotype
Shawmut
High
157%
Albany RR
Elevated
July
69 Va
—-
Folding Machine—
Rexall Drug, Inc_——
Rutland RR 7% preferred —i
Shares
Low
1———100
Boston Edison
Boston
y
f Ex-distributlon.
'
.
Sale Price
————
Nash-Kelvinator
for Week
Refining——100
American
Ex-dividend,
sale,
used
Isle Royale Copper
Kennecott
Copper "
Lone Star Cement—
Jan
Sales
Range
Par
.
x
Odd-lot
delivery" and is not shown in the year's
preferred,
STOCKS—
Feb
46%
Exchange
Week's
Sale Price
STOCKS-
&
sale,
e
Jan
102
39% May
$1,000
76%
Last
Tel
Cash
V
-
Reece
Boston Stock
Sugar
r
d Ex-interest,
sales being transacted during current week.
of Conn—
indebtedness——
American
sale,
no
"deferred
Quincy Mining Co
American
sale,
.
-
Reece
American
delivery
EXCHANGES
North
Transit
J-D
5
being traded flat.
reason:
New
ctfs of
1919
Under-the-rule
Narragansett
101'
101
32
29
26
ENDING AUGUST 1
Jan
Jan
,
144%
37
26
27%
26
;*
May;
BONDS—
Line
25
MS
Last
299
98%
J-J
;
T 4%' Apr "', :.;
22% May
25
40
40
53
90
94%
25%
2008
'
16
'
86
116
147
20
Corp
.
5%
$—
52
50%
2012
6%3
Mathieson Alkali Works
(Potomac Edison Co 3.60 preferred-.. 100
CJ S Fidelity & Guaranty—
50
Baltimore
J-D
52
25%
above—"cod," certificates of deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v,"
non-voting stock; "vtc," voting trust certificates;
"wi," when issued; "w w," with warrants; "x w," without warrants.
*
RANGE FOR WEEK
Range Since January
Power
pfd B„r—100
Fidelity & Deposit Co
Fidelity & Guaranty Insur
Coast
55
(Plan A)
2%
47%
**
High
4%
•
1st preferred v t c——100
Atlantic
52%
$48 %
Par
\.7 Shares
18%
vtc
com
4%%
45%
1972
for Week
Range
Corporation
Elec
34
30
$42
$48%
n
Sales
of Prices
■h" '
Gas
18%
28
$23
dividend,
Pacific
33
Exchange
Week's
Sale Price
STOCKS—
5%
15
29
A-O
Deferred
.
Co of Baltimore
19
$27
M-N
§Reported in receivership.
.
.
$15
J-D
a
Abbreviations
-
A-O
Friday
Consolidated
29
1947
value,
par
ABonds
108
116
71
40
3-3
Baltimore Stock
.
21
1931
$Friday's bid and asked prices;
OTHER STOCK
Co
20
2%s
to
Government
g Ex-stock
104%
89%
Industries—
Transit
$17
'
■
115
-
Arundel
94
j-j
MS
.
1946
A7-4s 2nd stamped
.-1946
United Electric Co of N J 4s__—-1949
Baltimore
88%
!
A5%8
97%
3
__
1970
(Hugo) Corp—
A7-4s 3d stamped
96
90%
1921
Interest
108%
■
120
$99%
107
"
'
120
—w
Stinnes
Btlnnes (Hugo)
$106%
—-f'
A-O
1989
Bpalding (A G) 5s
AStarrett Corp inc 5s
76%
45
'
M-N
(Calif) —
mtge 3s
76%
22
96
1947
Interest
•
78
91%
M-N
v
High
77
47
91%
3-D
106
Low
-
$—
2008
170
104%
-
—
F-A
1951
'
'
"
"
January I-
No.
M-N
7s
Rio de Janeiro stamped
A
$71%
$42
stamped (Plan A;
reduced to 2 Vis
Queens Borough Gas Si Electric—
Range Since
Sold
$71%
A7s (issue of May 1927)
A7s (issue of Oct. 1927)
AMortgage Bank of Chile 6s
108
107%
Bonds
High
j-d
stamped
Mortgage Bank of Bogota—
87
1063/4
Friday's
1955
Mortgage Bank of Denmark 5s
Parana stamped (Plan A)
Public Service of New Jersey—
.6 %
perpetual certificates
105 1
1953
—*
Interest
AMedellin
104%
$107% 108%
5s
Maranhao
or
Bid & Asked
j-j
,,
1073/4
1013/4
Last
Sale Price
A-O
Danzig Port & Waterways—
AExternal 6%s stamped
1952
ALlma City (Peru) 6Vis stamped 1958
1043/4
107% 107%
MS
.3%S
120%
101 %
Municipal Loan-
5%s
External
62%
$106% 107V4
j-j
& Power
•
•tbwer Corp
$1031/4 105
j-j
L
Pennsylvania Water
Cons
External
4% to
Gas Light
108
115%
—
105
Low
——
Valley RR—
Extended at
110
%
roo
Week's Range
Interest
Agricultural Mortgage Bank (Col)—
A 20-year 7s
April 1946
A 20-year
7s
I
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
94
33
Friday
Exchange
Period
—
1956
.
105
82
108
20
BONDS
New York Curb
'
35%
$104%
99%
15
86%.
1969
2022
i,
Kansas Power & Light 3%s
McCord Corp deb 4Vis
Midland
101
$120%
High
63%
2
106% 107%
•
42
45
1952
Debenture 6s__,
Altalian Superpower 6fi——L
41
42
37
33
$36
T-3
41
42
31%
1957
108
Low
Foreign Governments & Municipalities
43
36%
(July 1941 coupon)
Interstate Power 5s
f-a
82
108
j-d
-1958
80
A-O
-1966
81
j-d
-2030
-
5s
January 1
No.
105%
12
37
>-A
Traction
Range Sinee
Sold
104
104% 104 y4
M-N
3-3
Penn
MS
-1964
—„
Western Newspaper Union—
6s conv • i debentures
68
2
F-A
1957
-1954
Bonds
High
104%
103 Vs 103%
1952
debs
107%
1957
coupon)-
P
West
106 Va
56%
104%
j-j
1955
coup)
65
105%
105
57
104% 104%
1966
.
(Aug
series
105
j-d
A-0
income
Range
Friday's
L010
Wash Water Power 3%s
West Penn Electric 5s
84
55
1963
E
series
A7S
A 7s
1
103%
1970
3 Vis
International Power Sec—
A6%s series C
(Dec
% 103%
1950
,
Indianapolis Power & Lt
A6yas
74%
103
103%
3-J
-Jan 1949
5s
ret
St
.1963
.1968
74%
164
j-j
-Jan 1948
B
Indiana Service
,
A.
set
t-
or
Bid & Asked
Waldorf-Astoria Hotel—
124
121
Bank—
1961
,
Sale Price
High
V
•
—
Week's
Last
Period
Exchange
'
Par
33
1
High
10%
Feb
7%
Feb
11%
Feb
21% July
174%
Feb
9% May
1% May
15% July
3% Feb
9
May
13%
4
Jan
5%
Feb
4% May
7%
Feb
Feb
,j
THE
34
Monday, August 4, 1947
CHRONICLE
COMMERCIAL & FINANCIAL
(494)
OTHER STOCK
EXCHANGES
AUGUST 1
WEEK EN,DING
RANGE FOR
Friday
for Week
of Prices
ale Price
Shares
Borg-Warner Corp common™,,
Bracb & Sons "(E J) capitalBurd Piston Ring common
St Paul & Pac v
Jun
14%
12%
13
400
11% May
tc
Inc
7% Mar
8V4
1,200
6% May
General
Hibb
Corp
Hupp
Katz
26
200
25
May
37
37
10
35
Apr
11%
200
3Vt
350
2%
10
8%
26%
271/4
8V4
13
Jan
54%
52
Jan
65
13
23% May
31%
Feb
16
Feb
19
Jun
100
46% Aug
60%
Feb
100
16 V. May
21
Feb
550
,
16% May
20
Jan
9 Vb May
11
Mar
200
10
10
23
100
Apr
24 V.
Feb
221/4
550
19'A May
22%
Feb
llV.
11%
250
11
Jun
15
Mar
62
'»■
'
23
22
__
62
30
56
Apr
70
Feb
5
500
__
17
'
4%
Printing
4%
Jun
27
20%
20%
18% May
400
y
May
19
100
-
4% July
,\8%
Jun
24%
Jan
IIVb May
15 V4
350
8%
250
6% May
10
Feb
30
537/e July
56 Vb
Feb
5V8 May
7 V4
6%
11
8
May
250
16
May
25
9 %
Jan
May
30
26 V4
300
15%
14%
15%'
4,100
13% July
11
10%
11%
1,150
8% May
13% May
13
50
17 V. May
21
300
49% May
64 Va
10
28
May
31% July
200
41
Jan
47% July
200
25'A
Apr
8%
Apr
15
Apr
26%
Modine, Mfg
61%
Amer. Car
Northern III
Northwest
Oak
Bancorp
Shoe
Bush
Nunn
common
Peabody Coal Co
6 %
31
9%
9%
50
_•
23 V.
23%
400
21
19%
20
.50
19% July
common
I
common
—-
7
108
Steel Car
Pressed
6
Feb
July
31
Jan
Feb
.
2.3
Sangamo Elec
Sears Roebuck
10%
Feb
Apr
9V4
Jan
93
1,100
llMs
May
4%. May
•
110
Jan
26%
Feb
6
Jun
15%
Serriek
Corp class B
,
32
Feb
Jun
28
50
•
•
25%
25%
29
Feb
381/B
401/4
1,400
11%
12
150
321/2
700
22 Vi
100
_l
common
Sinclair
Oil
Corp
•
Corp__t
311/4
30%
•
common
16 Ma
16%
16%
30% May
8%
Jan
South
Brand
71/0
40 %
July
100
Works
St Louis
Nat Stockyards
Dredging
Standard
Forgings
6 % May
9 V4
Feb
Feb
30
100
23 y2 May
12%
12%
13%
300
8% May
,17%
32
30%
32
240
30
Apr
100
3
May
—III
41/4
.
41/4
American
Standard
Oil of Ind capital.—
Btorkline
Furniture
5
Swift & Co capital stock
Swift. International Co
Certificates
of
25
Feb
38
4% July
13%
Feb
Trane
208
Co
(The)
~
So La Salle St Corp
Union
Carbide & Carbon
Range
C
& T
N O
Shares
3%
S
Steel
common
Woodall
Indust
Yates-Amer
common
.
341/4
341/4
351/4
500
24%
May
22%
May
37%
Jan
26%
capital
;
5
Alleghany
' May
23%
Feb
Jan
211/4
28
30
49 %
50
22%
2,050
1051/4 1051/4
14
21
900
47% May
60
200
May
-
89%
Jan
30%
54
Feb
Feb
108 Va July
72%
29
11%
76 y4
62
May
Feb
July
29%
200
23 Va
Apr
30
11%
3,650
11
Jun
13 %
200
11
May
16%
Feb
9*A May
15 Va
July
15
15
13%
15
700
79 Vs
15 y8
1,700
Ja n
Art
Corp
1
Anaconda Copper Mining
For
footnotes
see
"coin
3%
*
14%
~""lQ
HI
page 42,
50
33
10
13
26%
27 VB
82
82
27
'
126%
9% July
21»A
July
127
140
25
Jun
95
"ri:
12
75
May
Feb
Jan
July
13
29%
Feb
88
Jan
Jun
14%
Feb
80
315
71
Jun
99 %
Jan
12
Apr
14% Mar
8'A
270
9%
9'A
79
79
19% May
80
?
:j
41/4 Feb
7
Jan
8% Jan
28
Feb
13
13.1
13
100
24%
24%
25%
100
20
Jan
25% July
25%
30
24
Jan
32% Feb
57%
—._*
—*
———-*
2——
57%
100
53
July
69
Jan
5
Jan
10
July
40
Jan
43
Apr
42
'
42
1
49%
50%
402
5 V.
5%
186
4% July
64%
66 Va
649
56% May
50
50
50
100
38
Jun
52
Apr
50
50
49 Va
Jan
52 Va
Feb
9%
10
———
"A"
Hobart
10
100
50 Va
Hatfield
National
Pumps
*
—.——
——————*
U S Printing
3%
14
'
'
—50
Preferred
40'A May
5^% July
Feb
6V4
67% July
30
Cleveland Stock Exchange
Sales
Week's
Friday
for Week
Last
STOCKS—
:
v"
\
Range
Sale Price
'
fV'>/: /':/■/:/;" V.."/'VV
of Prices
Low
Paf
14
American Coach & Body—
I
5
American Home Products com (Un)—1
——_
Detroit
Cleve
&
(Un)_—
Navigation (Un)_
Chemical
Dow
Feb
Jan
10%
Feb
12%
4,483
11V* July
12% July
80
81%
1,162
80
July
8-1% July
114
37
May
44%
35% July
54Va- Jail
64
a47%
174
5
5
100
4% July
a41
a41
10
39% July
5
42% May
.—5
a49%
49%
66%
—vi4
Mfg ,'
66 %
70
a51% a52%
Electric
General
Motors
100
a37% a38%
120
Glidden
(Un)
Co
July
8% May
Goodrich
F)
(B
common—
Bros
preferred—
Co
a457/8 a45%
50
Feb
Feb
39%
Feb
Feb
Jan
65%
May
49%
Jan
Feb
*
34
V4
10
49
Jun
15
41 %
Jun
61%
19%
290
23
Feb
Feb
75
19
:
75
75
Jun
25
70% Mar
75
Jun
51%
45
51
Jun
1,318
13
Mar
a47
a47
'51%
-III
a42 Vs
18
——
Rayon (Un)
(Un)——.
Industrial
Interlake
Feb
75
71%
a52 ]A a52
—50
—
Feb
57
,12%
May
Jun
51%
196
;
Harbauer
Jan
61
42%
32
a58% a61%
Goodyear* Tire & Rubber common•
Gray Drug Stores,
—.
-100
Great Lakes Towing pfd
4k
6%
42% July
*
—•
10
—*
——*
(Un)
(Un)
65
100
alOVa all%
*'
Erie Railroad
(Un)———
-*
Firestone Tire & Rubber (UnL.——25
Electric Controller
Feb
Jun
40 lA May
27-Vi
a34% a35%
com—_ -15
new
J74%
7'A
100
9
a47
-15
.Consolidated Natural Gas
Jan
Jun
149%
4
a41%. a41%
1
(Un)
Feb
34%
11%
80%
.100
Cleveland Elec 111 common—
Cleveland Graphite Bronze
16
22% July
10
104
9
1
common-
$4.50 preferred
11% May
973
al57%
Cleveland Cliffs Iron—
(Ne\y Company)
•
a23 % a23%
.
High
Low
14%
41
Mfg common.;
Electric
Apex
Range Since January J
Shares
High
14
al57
__1Q0
(Un)—
& Tel
Tel
American
.
18'
;
Steamship
54 Va
Feb
15% July
Feb
36%
Jun
31
July
45
9% May
10
Jan
'20
35% May
400
35
35
35
17%
125
a44%
al4J/2 al4V2
Iron
4
15%
1,200
700
(Un)
a32
*
_•
12%
10
Laughlin Steel
&
Kelley
Island
N
Y
.Ohio
Lime & Trans—
& Sessions
11%
Portland Cement
National
47
12%.
Central. RR
Edison
Oil
2% May
12
May
Republic Steel
17
32
33
700
26
May
41
35%
36%
200
31 y8 May
42
Va
Van
Feb
Mar
Coach
S, Steel
U
36
alSVs al6Va
^^*
*19% a21' i
50
,Americar/(Un)i—
*
-
^
common;
r
■
*
10
1.
(Un)
—
_*
Yousngstown SheetTube^^^^-—i.*
Youngstown Steel Door (Un)
-
9 VB
a26% a28'/2
46
*
14%
,r&67% a69«
31 Vb
Feb
Jan
38
Apr
Apr
27% July
Feb
26%
17% May,
•
10
136-
a30% a3lVa
13 1
Jan
22%
■
193
13% al3%
Jan
-
4%
Jun
May
21
8'
50
170
539
a
.
52
Jun
2%
12
JUly
.
47%
-45 V.
a72% a76
(Un)
Works J
9 Vb
.
•
(Un)
common-
Dorn Iron
a35% a35%
a27V» a27 V4
—8
—
34%
500
1160
Feb-
16%
13
Jan
9
80
.2%
2%
(Un)
common,
Richman Bros
Feb
11%
36
*
(Uh)--s.
Radio: Corp. of
Feb
5%
11%
11% July
300
Feb
39
27% May
—815
a33%
12 Vb
&. .Mfgi—ii.—_______,
Tile
PennsylvaniaRR(Un)———
Twin
Stocks—
American Radiator <fc St San
American Rolling Mill
10
13
——_—10
.
.
Standard Oil of Ohio
Unlisted
40
10
Jun
16
5
24%
Jan
31
300
20
2
common---
Mach
6% July
"
201/4
m
19 %
23%
July
4
60
100
25%
Eagle-Picher
Jones
16
•
_
Bankshares
6%
24%
—50
Cincinnati Union Stock Yard.—1—
2% May
150
3%
4
6%
—20
—2
-
Street
Interlake
15% May
600
Weetinghouse Elec & Mfg common_12%
Wisconsin
Jan
Low
4
Telephone
Cincinnati
Ohio
U
4%
15% July
Since January 1
High
Range
High
Low
.
—
Cincinnati
Feb
200
221/4
*
12% July
Jan
for Week
*
8.50
Prod—,
,L
Feb
14
18
capital—1I*
Feb
Sales
Week's
19V4
.
Feb
37 y4 May
300
24%
common
Feb
24%
2% May
of Prices
—
Cincinnati Gas common—
Lamson
5
400
July
17
May
7Vb
2,900
3%
Mar
10% May
•
————c.—_———*
19
800
161/2
21
.
12 Vb
3 Va
Champion Paper & Fibre
Churngold
x22
44
29
deposit
23
11
—III
_L—
Cincinnati Advertising
May
42
Ltd—
Corp
900
16
20%
11%
1-1
Burger Brewing
Medusa
Thor
79% July
11% May
#
Products
July
17%
5
common
17
64
100
3,100
Sale Price
____j-—
44
22
Ho
common—
Machine Tool
Sundstrand
Apr
15%
421/4
—25
Stewart-Warner Corp common
137/b Mar
300
12%
•
Brummell
Beau
Halle
9%
50
11
11
1
common.....
17
79%
12%
Feb
*
capital-
common
July
16% July
34%
capital——5
Spiegel Inc common
Standard
May
14
32 Va
7Vs
301/2
1
common
16%
.12% July
2
Clothes
Lathe
Bend
x24'/4 Mar
1,700
•'
Society
Fpb
77
1
-
General
Prod
Shellmar
Feb
10%
Feb
May
9% May
100
IIM2
291/2
Apr
18
380
291/2
Co common
& Co capital——
Feb
30%
,_l
common
Balcrank
Jan
Apr
6
6
•
July
5 Mi
1,000
—10
common^
Packing
15%
May
l
stocks—
Eaton
Rath
May
23
Jan
4,050
8
_l
common
11
700
16%
15
Feb
7%
21%
—
'
24%
1,050
106 Ma 108
20
Pennsylvania RR capital_50
Potter Co
(The) common——1
100
27%
Last
..
91/2
.
7
_5
100
;
9
9%
1
class B com—.
preferred
47%
29 %
-
—*
2
common——1.—2 %
Manufacturing
31
:
47%
5
—20
common
Corp
61%
31
A——*
Noblitt-Sparks Ind Ine capital
21
61%
common
Muskegon ;Mot Spec class
North
V
21
15
100
15%
15%
T-
Montgomery Ward & Co——___■*
13
26%
,_25
common
16% .Feb
10
preferred-——-
prior
$1
vtc
7% May
27%
13 Va Mar
capital——5
800
1
-
July
250
common
9%
Mar
42
18 Va
17%
Corp
28% July
•8%
Apr
2,100
9
8%
18
42
Hart JLnc
33% July
Jan
300
17
West
Jan
Feb
12Vb
6 v.
~8%
11
50
X41
Middle
Feb
Jan
21% May
Feb
*
Miller &
14 %
31
600
25
Jan
200
53%
8
18%
18
8'A May
4Vb
11%
53%
53%
Feb
Feb
600
15%
14
15%
29 Va
25
Mickelberry's Food Prod ,————1
Lindsay Lt & Chem common—
100
28
Feb
7%
9 % May
23 Vb May
27%
Feb
7%
9%
9
7
Jun
100
65
25%
27
1
5
1,000
26%
»
Co
J Jin
5%
Friday
Gibson
5
common
Co common—
Corp
Feb
33%
11 Va
28
*
J
Oil Corp
i
22
common.—..1
*
50
Co
Feb
400
19%
18
18 Vs
Jan
Feb
9%
10
N
Spring
22%
Jun
27%
•
Par
6% Apr
50
12% May
Cincinnati Stock Exchange
750
46%
19
'
■
.
•
461/2
46%
■
4%
McNeill & Libby
.
61%
of
Ffeb
5%
U%
1
com
common
United Corp
&
200
12% Mar
50'/a
100
54V4
7%
Steel
Feb
600
54V4
Oil
Standard
Wilson
16%
Feb
19%
11 VB
•
Socony Vacuum Oil Co Inc.
Standard
Sunray
400
24 Vb
2%
Corp of America common
Studebaker
18
6%
4%
Jan
Feb
21'A
59%
61
(The)
Feb
5%
Apr
300
16%
•
Car
May
14 % May
~5%
16%
17%
39% Feb
May
Jan
31
100
Jan
July
Feb
4'A
Jun
22V4
8%
331/3
Co
Feb
22 V*
—
13%
99
11%
100
Feb
32
~5%
19% July
9Vb May
9%
.
May
Jan
13%
1,050
9%
■
*
pfd——
Ext Univ common—
Salle
Libby
18
Jun
May
87/s
150
10%
17
•
9%
2% May
81
10
88
88
^
Jan
July
38
Switchboard common
Lincoln
33%
26
''
Kentucky Util jr cum pfd
La
27V2 May
26
—
Jan
9%
31% July
—.
$6
Power
Drug
Kellogg
Jun
7
39% July
22% Mar
2,400
301/4
Jan
23%
Feb
6%
10
„
Radio-Keith-Orpheum
Republic Steel Corp common
July
62
11%
common———100
Indep Pneum Tool (new)
*
Indiana Steel Prod common
1
Warrants
July
57
300
31
30%
~
Illinois Central RR
Interstate
800
400
"3.V4
—25
1
common—
Feb
7%
11%
(new)—
Spencer Bartlett common
9%
300
—
Corp
Werner
Hein
5% July
60%
29%
26
_1
10
1
capital
(G) Brewing Co
6V4
300
37%
__
29%
& Dk common—-—*,
Harnischfeger Corp common—
Heileman
Feb
57
•
Instrument Co common
Hammond
13%
x7 V.
Gocdyear Tire & Rubber common——0
Gossard Co (W H) common——-—*
Great Lakes Dr
7% May
Motor
Oil
Radio
'
common—_—*
Inc
Bros
Goldblatt
Pure
65 V\ Mar
400
36%
VA
Razor common
Safety
Jun
250
5%
General Motors Corp common—
10
Gibson Refrigerator Co common——1
Gillette
60 %
Co
Pepsi-Cola Co
Feb
11
9%
12%
Jun
3
5
Airways Corp
Paramount Pictures Inc new
July
9V4
May
800
39
37
4
Amer
Pan
8% July
25
64%
641/4
common——5
Transp
Amer
9
1
Corp
American
Packard
15% Mar
19% May
7
100
8%
5 Va May
*
Central RR capital
York
North
10% July
30
12
—1
—
Feb
2%
Apr
150
10
_
9,900
10%
Nash-Kelvinator
New
87/s May
12
8%
•
5
Brewing common
(Peter)
Fox
IV. May
100
100
8%
-1
Mills of America
Four-Wheel Drive Auto
Jan
2
20% Jan
May
—1
Co
Motors
Laclede Gas Light
Feb
20
23%
Dredge &
Flour
23%
9% July
8%
10
Fitz Simons & Connell
Dock Co common-,
50'A July
11% May
13%
Electric
General
800
11 Vi
May
4Vb
Graham-Paige
High
Low
300
17
8%
Television & Radio.
Parnsworth
1,900
16
10
——._*
(The)
Eddy Paper Corp
Feb
Jan
Feb
10%
22%
59%
17%
50
16%
50
•
Feb
Jan
44%
12%
16%
12
10
16%'
Curtiss-Wright
Jan
10SA
—'
Jan
July
50
Mar
23%
(new)-——50
preferred
Dodge Mfg Corp common new—
Domestic Credit Corp class A
40
2
25
*
(new)—
Co common
38% May
13%
— —
-5
—,
300
300
14
*
common
50
44
10
Co Inc..
550
Jun
11%
10'A
*
(new)——~2%
Edison
9%
49 V4
15%
*
*
Products Co common
Cumulative
12%
12%
5
Cities Service Co common-
Consumers
650
Air Lines—
Chicago & Southern
(The)
13%
1
Chrysler Corp common
Coleman
13 ' 1
44
*
50c
*
Chicago Corp common
Convertible pref
Commonwealth
21 %
common—1
common——«-l
preferred
Cent
& S
W Util. common
Central States Power & Lt pfd
Cherry Burrell Corp common
Club Alum
37
Apr
—
1
Convertible
Chicago Milw
Apr
18%
11
10
Secur Corp
111
28
100
Biscuit
Carr-Consolidated
Central
150
21
12%
•
common
Bros
Butler
32
21
1
——10
5
W) Corp-
(George
Borg
20
13%
l
Manufacturing Co capital—
Blnks
16% July
Range Since January 1
High
Low
—1
Certaln-teed Products
Columbia: Gas & Electric
Continental Motors
Jan
100
31%
10
Shares
Par
17%
-
for Week
of Prices
High
Low
17%
5
& Seelig class A conv—
Bastian-Blessing Co common-,
Belden
Mfg Co common ——
Berghoff Brewing Corp—
Barlow
Range Sinci
Range
Sale Price
STOCKS—
High
Low
Par
Sales
Week's
Last
Range
Last
stocks—
Sales
Week's
Friday
.
Feb
30Vs
Feb
Jun
54%
Feb
Jan
31% July
45
\ 23%
50
9% May
61% May
200
25
1
10%
130
.183
•
'.' 7% May
:;122% May-
10
Jun
53% May
15
May
15% Mar
79%
Feb
,
Volume
166
Number 4617
THE COMMERCIAL & FINANCIAL CHRONICLE
'
f'.
,
(495)
1
OTHER STOCK
EXCHANGES
RANGE FOR WEEK ENDING
AUGUST
1
Friday
Week's
WATLING, LERCHEN fit Co.
"Par
Aircraft Corp
Angeles Investment
Los
New
Stock
York
Detroit
Stock
Exchange
Mascot Oil
Menasco
New York Curb Associate
i
Exchange
Chicago
Stock
Building
..100
Merchants Petroleum
Co
Co
Oceanic Oil
DETROIT
Co
Telephone: Randolph 5530
Clay
Products
Pacific
Gas
&
6%
Elec
1st preferred
Pacific
Indemnity Co
Lighting
common
Pacific
Western Oil Corp
Puget Sound Pulp & Timber
Detroit Stock
Exchange
Friday
Week's
Last
STOCKS—
Range
Par
Aeronautical
Allen
Products
Electric
American
—
2
,
Manufacturing
Brown-McLaren
715
23%
24
Chrysler
33%
33%
Consumers
21/a
2%
100
corn—-—"
13V2'- 14
———r_—--5.
Paper
Power
Continental
57%
Jan
5%
Sears Roebuck
July
Steel
1-—
inc.
19
60% July
May
20%
35
8%
400
71/2
4%.
5 ■"
231/2
I
■
4%-July
23%
2,527
3%
.31/8
415
3%
1,100
41/8
4%
4'%
1%
1%
1%
51/4-
5»/2
161/2
1,600
61%
990
81/2
81/4
'9%
6,307
6%
6%
258
4%.
500
Granam
_.l
Paige
common:
—1'
Manufacturing
Houdaille-Hershey,
—
Hudson
Motor
Car
—;
—,
common
5rtc
Screw
Motor
Products
Oil
7%
1%
1%
l7/a
38V4
Parke,
Davis
ftickel
—
Metal
3%
100
250
6
8%
~i%
81/4
100
8
2%
2%
400
iH
22%
22 %
12%
13
2%
Raisin
5%
——
2,990
4
l
Radiator
common.—
Aircraft common
Products
._L__1
1%
de
Kamp's
Air
Apr
23%
Feb
15
Feb
Jun
3%
Black
7%
Feb
6%
Jan
41%
Jan
5% July
37/a Mar
3%
800
3
Jun
6
4%
Jan
Jan
Apr
700
1,220
13
11%
300
1%
1%
2%
2%
11
523
2%
1,180
Jan
9% July
Feb
13%
4y«
Jan
7% July
Jan
15
July
18% Feb
May
;V
/
1 Va May
2% Feb
2
2%
Jan
Jan
Friday
,
Sales
'
Range
Shares
V--77\'7.Par
Bandini
Petroleum
Company.,—..
1
5%
Barker Bros Corp •common._'i^_£i-—10
4y2r'c preferred—
50
Barnhart^Morrow
Basin
Oil
Consolidated
Low
:
■
5%
625
a27
a27
40
>
51
1
51
51
70c
7%
—
Blue Diamond Corp
A---2
Chica Oil. Cofpvllui'A--*2jziLA-"Ll
;
.7%- ^ "7%
.
Bolsa
8%:
Broadway Dept-Store
California
Cessna
Packing
Aircraft Company——L_il
Chrysler" Corp
Colorado
liew
Fuel
&
Iron
Corp
com—»
Corp
;
Emsco
Derrick
Exeter
Oil
Co
&
.
Equipment
Ltd
class
Farnsworth Tel & Radio
Corp
Fitzsimmons Stores class A.
Garrett Corporation
(The)
Goodyear Tire
Rubber
&
Co
com—"
Co
£lass A common.—»
Holly Development. Co.—
1
Hudson Motor Car Co
Hunt
Hupp
Foods
Oil
...
common
Corporation
Intercoast
Jade
Inc
„_.__1
—
Petroleum
For
Petroleum
footnotes
16%;
82y2c
10c
—
1
1
Co.
see
page
l
10c
42.
130
-14%
14%
470
12y2
100
8,285
77/a
1,187
10%
liy8
1,575
9'%
600
61%
740
71%
...
1.55
14
256
1.15
2,100
17y2
800
i2y8
12
__
24'A
34%
390
150
1,975
1,059
3,770
Mng
10c
Jan
Jun
12c
Jan
16%
Feb
__
Rad
Smelting
&
Stan
American Tel
American
San Corp
Refining Co.—
&
&
Tel
Viscoe
Co.
—
al56%
al57%
52% Mar
52% Mar
31% May
42
14%
358
88
185
a37% a37%
20
Co.—
a51% a53V8
.100
88
-.25
Mfg Corp——
88
—
—3
5%
5%
18
19
Barnsdall
..13
Oil
Company
Aviation Corp
Steel
Canadian
5
-
a28 a29
5
32%
Corp
Pacific
Cities Service
360
&
Commonwealth
Commonwealth
&
7%
10
12%
620
9% May
a36%
12%
Curtiss-Wright Corp
a8
1
a4%
.
—*
al8
al8
38 V2
a41
155
a52% a53%
a53%
1
100
4
w
a30%
a30%
Corp
a.
4
120
a32
175
13% al3y4.
50
Company
York Central
-.1
18%
Oil
Car
■
.
—_—1
Feb
Standard
14%
Jan
Stone
&
Oil
(N
Jun
10%
Feb
155
May
25%
Jan
18 V*
340
17ya July
61%
385
51 y4
y4
16%
1,114
a8ya
a25
a26ya
a27
Tide
Jun
10%
Feb
24 y4 May
32%
Feb
145
21% May
25 %
Jun
Union
Carbide
1.35
.Ian
Union
Pacific
Feb
United
Air
29
Jan
United
Aircraft
May
7%
Feb
Jan
1.00
Feb
Warner
July
Western
United
&
Union
■—
Corp.—
Co
Co
(F
(Del)
W)
Feb
a
10
•
...
—
Co
*
__
1
26
Mar
26
Mar
14
Mar
17
July
16%
1,470
Feb
Feb
10
30%
62
31VB Mav
31 ya May
401
37% May
65 y4 Feb
44
44
120
33
23%
1,430
50
15
Jun
47
Feb
July
78% July
Mar
15%
Jan
16 % May
34
" Apr
25%
Feb
37%
Jan
62
57 y4
Apr
60 % May
80
47 Va
Apr
51%
20%
1,230
18 y4
May
al05% al09%
192
93 y2
Jau
.
a55%a56Va
20y4
al44% al44%
5
a2iy2 a22%
125
21%
Jun
al9x/2 al9%
a22V8
60
17 %
Jan
3ya
3%
Jan
21% July
93%
a—
a—
•
Jan
—
27% Mar
20 %
Apr
a21x/2
4ya
Jan
350
2% May
a47% a487/a
95
43 ya May
59
Feb
al6 al6%
__
12%
10
75
a66%a67%,
5
class A
10%
30%
a35% a35%
,
—
28% July
Apr
7x/2 May
23 ya May
20%
—
—
22 y2
450
1,570
a77% a79%
al3% al3%
21%
X
10
1,880
28
43
13%
100
Inc
28
9 Vb
16%
a78%
5
Westinghouse Electric Corp
Willys-Overland Motors Inc
Woolworth
Jan
42% July
60% Feb
a39% a39%
—
—*
——10
Corp
Teleg
Feb
26%
May
a31% a31%
—
——„
Carbon
Pictures
7%
30%
18
a33% a33%
16%
25
-
8%;
26%
a31%
25
...——
Inc—
26%
—
—.15
Rubber Company
Bros
*
1
Corporation
RV„ Mav
23% May
570
27%
—
Feb
380
Jan
■—
Feb
2,645
/
20
547/a
"
Railroad
7ya
115
25
Lines
95
a56 a56%
9
Water Assoc Oil
20 y4
U S
62 y2
22 y4
114
f
5%
28 V8
20
18 y4 July
Apr
May
12
—
—-—*
:
46% Mar
Apr
J)—
;
21
37%
*
Inc
Feb
Apr
8V4
5V4
—
(Ind)———25
Co
Jan
17%
9% May
315
Co
Feb
36
43%
*
—
5%
Jun
a411/8a431/8
Inc
Webster
31 Va
Jun
May
a42%
Socony-Vacuum Oil Co
9V<
65 Va Mar
3
—25
——-*
of Del——
Standard Oil Co
49 Va
182
Jan
Railway
Jan
100
9
27%
—
50
Co—
Oil Company
Corp of America
Republic Steel Corp
Oil Co
Feb
42%
a7%
a7%
Co—5%
Incorporated
Jan
39 %
a24%
-1
—
Motor
16%
May
39% July
15
.10
Co
11 y4 May
•
17%
'
™
Inc—-
Feb
Feb
a22 % a237/a
Inc
Co—
6y4
20
9
;
-.7
RR
Aviation
Jun
May
61%
—-—-
Co,
Feb
45% July
31% Mar
33
525
'
New
4%
13
10
••••
a45 a45%
—
——
&
10
37%
•
—
Montgomery Ward
81
al5
a38%
■
Loew's Inc
Magnavox
a4%
al5
'
Apr
12%
Jun
Jan
17%
Jun
26
-
Feb
3%
May
41%
20
37%
Libby
7
50-
55
a30% a30%
Feb
Jan
31%
May
a46 % a46%
Kennecott Copper Corp
&
11
46%
International Nickel Co of Canada
Libby McNeill
63
38% July
12
Jun
a30%
"
Tel
a8
Jan
15% Feb
2% May-
a
_1
common
&
100
1
Light Corp
International Tel
3,420
al0% al0%
Co.
Co
3%
5
Corp
(B F)
3
5
—
Electric
28 %
3%
Jan
46%
May
153
Jan
42%
Jan
10
Feb
96
Apr
24
240
a29% a30y8
1
:
A
58%
55
11%
11%
a29%
Corp
10
a36%a39%
—
25
:
Corp.—
&
13%
Feb
29% July
39% Feb
40»/4 May
46 V* Mar
a59% a59%
Co
24
Mar
25
—
Foods
140
22
32' Va July
78
May
a43
a43
Corp—
Southern
Zellerbach
Power
150
a50% a50y2
Consolidated Vultee Aircraft
Continental Motors Corp
Continental Oil Co (Del)
Crown
70
32%
10
^
Electric
Edison
American
July
"17% May
%
a87% a91%
Ry
Co.
American
1.70 July
4% May
25
Pure
20
Jan
Feb
206
a50%
Caterpillar Tractor
Columbia Gas
North
Feb
15% July
97
36
Apr
a89%
—15
Radio
9%
May
71% May
—5
Borden Company
Borg-Warner Corp
Feb
23c
10
Mar
32 y2
1
Baldwin Locomotive Works
Bendix
Jan
110
389
North
108% July
173
38%
Feb
58% Mar
64% July
Jun
36%
July
Jan
150 ya
—14%
Atchison Topeka & S F Ry
Atlantic Refining Co
Feb
2.05
11% May
51% Apr
757
5
(111)
Brands
-
57
130
a 156%
-.50
Armour & Co
Southern
Jan
al4% al4%
a60% a64%
—
*
Copper Mining Co
Anaconda
Avco
•
.100
..14
Standard
Jan
Aor
Corp
Feb
1.25
Mar
Stocks—
Amer
Amer
Feb
15 Va
Jan
5c
4
5
July
Apr
10
4,000
15%
Apr
May
18
8%c
Gulf Sulphur Co
14c
35
6% July
8c
Texas
65c
23 V4 May
15% July
100
200
__
Feb
1,250
Feb
8c
34
6,900
Feb
24% July
5c
21%
*Jan
16
71/2
79 Va
50c
12% July
May
13% May
15 % May
2,263
16
71%
May
May
20
63 y2
Apr
Jan
95c
35
31%
16
...l
Company
82
530
Feb
Jan
20%
Jun
23%
Jun
1,721
73
19%
15%
Jun
July
16% Mar
May
24%
73
Jun
10 y2 May
15%
19
227/a
Jan
11%
75
3,260
•
10
7%
4c
Texas
y2
al4 al4%
12
12%
al47/8 al57/a
__
25
4,116
2y2c
Feb
23c
1;.60
n
62% July
12% July
20c
Jan
95c
19Vz
Feb
113/4
Apr
51% Mar
5,000
65
18c
1.55
Mar
47
Inc_5
Co
10
26
19%
40
35
4,000
Mining
Studebaker Corp
Swift & Co
r_
42
7%
36 y2 July
540
61
2,000
Gold
7ya May
52% Jan
248
71/4
/»()
4(5
25c
Zenda
20
July
5% May
10% July
82y2c
■
36 %
60
4c
34%
90c
157
4%
36l/2
453/4
4c
Apr
8%
Jan
Jun
32% July
25c
Pullman
May
13
34%
29%
Jun
Jan
4c
Seaboard
27
4%-
Feb
61% July
17'A May
21% May
11% May
30% May
28% July
29 y8
1,001
ltrft
4c
Pennsylvania Railroad
Phelps Dodge Corp
,,
520
Jun
May
61
2
Air
Paramount Pictures Inc
785
14
Apr
1.35 Apr
25c
Packard
203
45c "July
4c
Jan
16
32%
17c
120
25c
Ohio
56% July
31%
•
Bakers.
Cons
Jan
418
27 Vz
21
D)
Feb
16
16.
—
: 15%
12 Va May
20%
—
540
Feb
Jun
7% July
9%
13
Jun
263
1.10
,
Corp —_^__10c
Co
Kaiser-Frazer Corp
Lane-Wells Company
Lincoln
*
6%
I6l/a
*
Inc..—
4%
2%
16 Va
106 108%:
—
2,200
29% Mar
56%
27
80c
16V4
1
20%
a46% a477/8
a46%
72%c
16%
901
25
!56%
18
72%c
1,496
19% May
12 y8 May
400
'
Jan
29 Va
80
6OV4
61
__
Oil
■
9y8
10
>
85
32%
25 Va May
3x/2
7
t
*
1
Jan
6 % May
r6% Jan
.11
Apr
Apr
Feb
-
1.00
-
120
29
65
500
92y2c97%c
& Co
Hancock
1^73
12y2
.
,
2
•_
.
16%
18
—
Vk
'
15
26,ya
97%c
_1
Motors Corp common—
Gladding McBean
14%
1
5
••
^
al8% al9V4
18
4
51
Jan
62 %c May
,
3V2
16
—
Co....5
A.——
.
—■:
50c
600
27
6,225
-1,122
8%
-
16"%
'
__
1
Dresser Industries, Inc..
Electrical
Products
Corp.
;
l67/8
—
•
.
America, Inc..
:
<•:
14
7%
-7%
a30% a30%
a20%
a22
..
—
20
Steel
of
-
—
common;!—_._2.50
Preferred—
Consolidated
Creameries
Goneral
14%.
-
Corp common.—*.
Central Investment Corp
ii__'—A^;_20
Certain-teed Products Corp
8%«
6%
l87/a May
50
500
Co
High
Jan
-
50
67%c
...
LOW
;
"5%
a27
^
Range Since January 1
High
120
32%
Graham-Paige Motors Corp..
for Week
of Prices
120
10c
Goodrich
Week's
Last
July
120
25c
General
Sale Price
STOCKS—
33
Jan
29 Va
Mines Co.....
Development Co Ltd
General
Slock
--
July
26% Mar
■
Mammonth
Class
//.'
59
150
Imperial
Electric
_
25% July
40% July
May
Calumet Gold
Bethlehem
Jun
7%
.
Apr
May
97/e
15
12%
_
5
350
(H
Lines
Mining Stocks—
31'% May
32%
Western
Feb
11c
50c
&
July
7
300
32%
Feb
17
48
25
Calif
of
12% July
11%
Jan
-
12c
com..25
California common
United States Steel Corp
Universal Cons Oil Co.
lX
Feb
1,270
7%
.1
*
—
Jan
1,925
7%
14
6% Aug
July
9ya
7%
14
Feb
8 %
12%
12%
3%
i
,
2%
39% July
3% July
4
,
2,525
4
9
12%
l
Udylite, Corp
5%
Apr
34% May
3'% May
700
4
1
Tivoli Brewing common
Screw
1,388
328
4%
Feb
•
5
•
—
Manufacturing
Superior Tool & Die
Wayne
'
40
"5
2
Paper
Sheller
Warner
5%
f
5
1
9%
15%
>
May
2%
Ltd
Jan
May
3% May
21 Va Jan
620
—1—25
pfd class A
—25
—
Peo
41% July
34% July
Feb
2%
18%
10
200
Co
9
12c
__
1
Union Oil of
Van
41/3
a33ye a33y2
_
*
Inc——
Western
14
15
Transamerica Corporation
Jan
May
75c
260
'
40
.
Feb
20
Mar
305
2%
5%
...1'
•;
W).
Feb
18%
Aug
% July
2
2
.
5%
3% July
6%
__lo
Products
Textron
7
35
346
Sunray Oil Corp——
Transcontinental
820
820
Company
Co
1,950
8%
56
—
Pacific
Standard Oil
12%
8%
Feb
21
J an
6
6V4
'
Peninsular
35
3%
——*
Packard Motor Car....
Park Chemical Common
Feb
9% July
6% Feb
Jun
5% Apr
13% May
1% May
100
1%
1
9%
16% July
65%
Jan
3
275
38%
1
—
Feb
15% July
13% Apr
13 Va May
100
1%
Stamping
2%
5% May
150
15
381/4
1
—
Corporation
Jan
Jan
Edison
So Calif Gas Co 6%
Unlisted
1
w
5%
July
May
•"6
359
15
_lo
common
Products
Murray
National
17
7%
1
Mfg common..—L——1
preferred,
i—lo
Masco
5
125
—1
McAleer
McClanahan
16%
Feb
Jun
12
100
17
——————._1
Kresge Co (S S).„—
Lansing Stamping
16
161/4
»
;
—
Drug
16
—-J—1~*
Kaiscr-Frazer common _J.
King-Seeley
3%
2Va
,
Calif
preferred
12%
62%
Apr
a26
•
preferred
26'A
39%
California
Apr
245
56
Apr
3%
22% July
4% Feb
Jun
i
52 Va
>■
Jan
27%
Jun
1%
300
15%
Jan
6%
Jan
3/
4
58V2
Hoskins
Feb
8
2% May
200
1-
Brewing
12%
May
17%
900
60%
Goebel
Kinsel
23
400
221/4
3%
Michigan Die Casting—_1
Geritv
4.48%
6% May
22%
1
Manufacturing class B
Motors
4.32%
6% May
360
Southern
54
341/3
3&M1
Sinclair Oil Corp
Feb
Feb
Jun.
Feb
a245/8
Signal Oil & Gas Co class A
July
Apr
55
62
_!
25c
of
41%
50
al6% al6V2
5
_30
Corp..
Jan
25
41/3
Feb
Feb
42
430
__
15
Signal Petroleum Co
37% July
Jun
255
common.——10
Gemmer
General
61 %
Trading
Jun
38% May
66
—39%
—
2 05
15%
4iy4
__
Apr
Jan
37
12%
Mar
34%
320
„
Jan
95c
28c
•,
Jun
34y8
al6%
1
Shell Union Oil Corp
Southern
71/2
i—.
Industries
754
110
•
Frankenmuth Brew common.———1
Friars. Ale
—1.1
Wood
12% May
100
7%-:
Corp
i
Feb
2% July
15 y2 Jan
191%
Motors
Eleetromaster,
57%
40
37
,
Detroit
30'/a May
1% July
665
\
l
♦
——
51
3%
Apr
1.10
Jan
133i
313
a40
__
2.50
& Co—
Security Company
10
51
34ya
Feb
! 24
Jan
191/2
*
—
—.
S
3%
37
—__10
„:—
Co—
Davidson Bros common——
_1
Detroit & Cleveland Navigation—-10
Detroit Edison common
20
Detroit Gray Iron
.1
U
15 Va
275
.—1
common
£orp
Consolidated
River
High
2Vb July
3% Jun
550
*
Burroughs Adding Machine
.,
330
3%
Safeway Stores Inc
Sierra
Briggs
Gar
Low
2%
3 Va
3%
common
Oil
Corp common
Ryan Aeronatuical Co
Range Since January 1
High
2%
_l
Products.
Shares
Low
—1
A-
_—
Metal
of Prices
Sale Price
Republic Petroleum Co
Drug.
Inc
Richfield
Jun
6,100
5,4t>0
a58% a58%
♦
Rexall
Sales
for Week
12c
26c
1 35
May
95c
Mar
1 Va
Jan
270
May
48c
__
10
Co
70c
1,100
1.25
_•
19
Jan
1,100
a35%
—__lo
Corp
550
High
May
260
p/8
al2% al2%
40%
40%
al27/e
25
——25
Pacitic
11
10
25c
1.35
*
—
common
:
iya
26c
1
Pacific
270
75c77%c
—1
—
Low
50
75c 82%c
1%
1
—
Ltd
77%c
1
Exchange
Corporation
270
—
Range Since January 1
High
al2% al2%
1
Manufacturing
Nordon
Ford
Co..
Shares
Low
1
Company
Sales
for Week
,
Sale Price
Lockheed
Members
Range
of Prices
Last
STOCKS—
175
13% May
18%
Feb
a2iya a213/4
110
17%
415
22% May
24% July
30% July
28%
9%
„
30%
9%
9%
a50ya a5iy4
"
Jan
100
7x/4 May
28'4
44-/a May
13%
Feb
50
Feb
35
36
Monday, August 4, 1947
COMMERCIAL & FINANCIAL CHRpNICLE
THE
(496)
OTHER STOCK
RANGE FOR WEEK
EXCHANGES
ENDING AUGUST 1
Sales
Week's
Friday
Last
Philadelphia Stock Exchange
Week's
Range
Sales
for Week
of Prices
Friday
Shares
Last
Sale Price
STOCKS—
*
100
Tel
American Tel &
Chrysler Corp
Co
Cooper Brewing
preferred
3.70%
Electric
Battery
Storage
--
310
434
16% May
9 May
24% Feb
15
Feb
1,050
500
57% July
3 % July
6% May
62% July
6 Feb
12% Feb
General Motors Corp
9%
—
—
54%
60%
10%
310
854
30
204
618
19% 20
104% 104%
52% 54%
58% 62
19%
104%
47
51%
17
1,550
1,904
1,452
5% Jan
18% May
17"% May
7% Feb
22% Jan
27
Feb
375
Pennroad Corp
1
*
50
Pennsylvania Power & Light
Pennsylvania RR
•
Pennsylvania Salt Manufacturing—10
Rights
3% % pfd ser A w i
100
!
Reading Co
24%
29%
28%
common
$3.40 preferred
Sun Oil Co
165
19,885
585
23% 24%
28% 29%
120
120
26% 29%
3,278
" 249
10
370
20%
117
27%
29"%
120
30%
23
Jun
26% Jan
115% Jan
21
Jan
385
45
41%' Mar
98'A Apr
56%
300
50% May
54%
17
Jaji
July
July
Feb
22% July
10 July
49
Jan
100% July
74% Feb
7% May
211
2
—
—
51% Jan
l35a July
July
38% May
if July
July
9%
46%
100% 100%
—
May
0
United
$3
Corp
1
United
;
Improvement
Gas
Westmoreland
Inc
—
5
common
preferred
...
47% July
21%
22%
36
20
.
131
21
34 %
36
22
4% Feb
53 Mar
24% Jan
22
July
37 % July
20% Jun
400
180
95
Apr
5
3"% Jan
2% May
—
10
_
440
385
47%
47%
13%
Westmoreland Coal
4%
3%
3%
3%
4
part pfd—25
Transit Investmt Corp 6%
Rice-Stix
20
50
24% May
33% Jan
Car
Public Service
50
21% May
12
23
Investment
class A
23
8
*
common
Range
18
Mar
26 % Jun
Low
Co
Blaw-Knox
7
J3y4 May
18
Jan
802
33
May
54
July
53
Last
Range
Mfg
Corp
__
_
10
a4%
Atlas
Calif National Bank
Imp Diesel Engine
30%
Bank
of
.2.50
Calamba Sugar cap
Preferred
_1
_
41
5%
5%
350
8
525
a4%
7
•'
a4%
Packing
Preferred
Corp
Chrysler Corp new common
140
53%
41
101
common-
20
Preferred
Vultee Air Corp
—
Zellerbach
Corp
Abbey
4
High
15%
16%
13%
476
May
Dow
Feb
20%
Apr
290
13
Jun
16% Mar
Apr
19%
cl
Chemical Co
Electric
&
Gas
Duquesne Brewing
30%
5
:
30%
30%
a.
Fort
Pitt
Harbison
Lone
31
July
15%
Jan
25 %
July
7% May
10%
Gas__
24%
160
9%
9%
95
22%
24%
175
19%
Apr
25% July
18%
19%
87
17%
Jan
19%
*
19%
10
...
El
11% May
23'/a
Jan
25%
327/a
Jan
41
1,400
125
19%
104
National
Fireproofing
Pittsburgh Brewing $3.50 preferred
Pittsburgh
Glass!
Plate
230
6%
13%
310
13 %
Jun
*7%
7%
400
7
Jan
38%
Ewa
Plantation
451
16
May
32
Jan
7%
920
6
May
11
Feb
41%
315
8%
*
San
Milling
l
11c
13c
Steel Spring-
l
12%
14%
*
40
*
35%
Toy
Standard
Food
Alloys Steel_
Westinghouse Air Brake
Westinghouse Elecrtic Corp
655
2.45 July
18%
60
17% May
7%
General Motors Corp
Paint Corp
2nd preferred
11% May
17 %
Feb
Hancock
110
33% Mar
40
Jun
Holly
36%
130
27 Vb May
200
22% May
Inc
Stores
Bros
Oil
30 % July
Inc
Sale Price
Par
7600
Teletype
SL
3
i
General
Electric
General Motors
General
Shoe
common
Corp
Preferred
international
of Prices
Shares
7%
10%
Key
common
G)
(R
Co
Co
13%
7%
30%
17
18
300
Low
35
70
190
Jan
6% Mar
26 %
15
Jun
May
High
14% May
7% Jan
36 % Jan
20
Feb
10%
11%
487
,32%
33
120
13
75
Jan
33
Aug
14%
Feb
Feb
$5
Pacific
39%
38%
210
61%
161
51%
Jan
65%
Feb
31%
32%
120
26% May
36%
Feb
73
75
185
55
Jan
81
May
32
Knapp-Monarch
29
July
32
For
31%
2%
footnotes see
page
31%
20
25
29
5
29
50
24%
2%
71
30%
30
30 %
87
41%
42%
213
10
10
250
10%
17%
1
42.
2%
42%
10%
10%
5
common
Laclede-Christy common
485
14
20%
Feb
21
450
15% May
29
Jan
36% Mar
37%
Feb
Jun
1.45
Feb
9%
Feb
200
7%
7%
4,353
5% May
May
July
33% Mar
38% July
575
19% July
27'A
Jan
25
9
9
530
8 % May
10%
Apr
12%
12%
12%
216
10% May
20
Feb
34% July
36% July
12% May
17%
%
20
15
17%
1,236
33%
33%
267
25%
a35 % a35
17%
16
16
2% July
30
July
37%
Jan
4%
44
11%
11%
11%
750
9 % May
14
Feb
J.
9%
9
9%
338
9
14%
Jan
12%
12%
310
1.65
1.70
200
1.65 July
12%
173
10% May
14
Feb
72
May
78%
Feb
24
May
31% July
Apr
31% July
Co
common
Corp common
common
Oil Corp
200
7
May
12
Feb
200
12
Jun
17
July
Railway Elec & Realty
Rayonier Incorp common
Preferred
Rheem Manufacturing
Co
100
10
240
Feb
11
30
8%
8%
9%
Feb
6
May
969
38% May
32%
58%
106
32
579
103
75
104%
100
10
15
27%,
103% 104%
a40 a41 %
__
__
34
*
a65% a68%
a62% a62%
33
34
12%
Feb
26% Jqly
62%
105
Feb
Feb
15% July
28%
Feb
Jan
Feb
37
July
151
65
May
20
1,025
70
22%
Apr
Apr
Apr
26%
10
21%
54
102%
Jan
41% Mar
35 %
185
884
,
Feb
42%
129
77%
24
Jun
Jun
25%
'
a36%
34%
95
121
a36% a36%
77%
100
218
750
Jan
Jan
825
15
13
13% July
2,661
26%
July
12%
7%
15
*
Jun
1.70
Jun
41%
40%
32%
13%
Jun
40%
40 %
Feb
%
58%
40%
15
7%
102%
25
25
25
*
*
1———-l
25
1
29 %
Jan
6%
41
*
pfd
12
.
13% al3%
12
*
Co
11
325
July
11%
330
30%
77
a
8%
*
common
77
31
30%
5
5
5
Puget Sound Pulp & Timber
July
11
31
15
Feb
10
Jan
Apr
Apr
"A"
Phillips
6% May
Jan
3%
1.25
12%
11
Jan
43% July
26%
120
77
Petroleum
23% May
Feb
40% Mar
740
10
Pac Tel & Tel common
Co's
Jan
811
100
Service
Western
31 %
1.65
10
1
10
common——100
1st preferred
Paraffine
Jan
20% May
73
19%
14%
—
Public
30
350
38
19%
24%
25%
1st preferred
Lighting
70c
90c
1.60
2—
dividend
May
14%
1st preferred
5%
20
37%
July
Jan
60%
_4
•
16%
Apr
1.60
Pacific Coast Aggregates
Apr
37
100
39%
7%
—
Can
12%
July
755
14%
—
Amer Fisheries
25
Jan
52
52
95c
90c
Oil Cons
Elec
Feb
50
"
preferred
&
1.35
215
Mining
Gas
Apr
May
17%
1,170
5
common
Pacific
6%
Feb
July
25%
—i—1
Inc
Pacific
11% July
29
105
16
—*
1
Paauhau Sugar Plant
Jan
7%
May
94% July
22
20%
10
.——1
Lines
Co
10% July
1.10
a38% a38%
—*
Inc
United Filters
Oliver
Range Since January 1
12%
9% July
21 %
50
—1
common
American
103% Mar
1.05
•
*
6.66%
20
common
Mfg Co
5%%
58%
10
*
common
„
Apr
Jun
20%
"B":
American Invest
North
t
High
13
33
4
100
Shoe
Jan
—
Calculating Machine
Park
Pacific
Huttig S & D common
Hyde Park Brewing common
Hydraulic Pressed Brick common
Feb
May
22%
94
20
common
Bk
City
North
•
Griesedieck-Western Brewing
34%
35%
P2
Auto Fibres
New
for Week
30%
18
(Un)
(Un)
26
40
Feb
^
111
—!.—.
Frank
&
Menasco
1
common
common
140
714
26
25%
common.
Utd
(R H)
Pacific
:
27%
25%
Salt Co
Pacific
Emerson Electric common
27%
25%
al06%al06%
Co
Mining
Meier
593
Sales
Range
13%
15
io
Feb
*
*
*
Libby McNeill & Libby
——-—7
Lockheed Aircraft Corp.—
1
Exchange
Week's
Low
i
Century Electric Co common
Coca-Cola Bottling
35
2,383
Morrison Knudsen
Last
1
24% May
1
Power Co
LeTourneau
CEntral
Friday
;
392
9%
Motor Car Co
Foods
Macy
Bell
SI. Louis Slock
common
27%
99
Magnavox Co
Exchange
common
27%
9%
Honolulu Oil Corp capital
Kaiser-Frazer
St., St. Louis 2, Missouri
Exchange'
& Equip common—
Jan
36% July
York Curb Exchange Associate
Manufacturing
23
99
Natomas Company
Shoe
May
9%
—
Pineapple Co
National
Burkart
21
—-100
of Cal class A
Co
National
Brown
392
1871
Chicago Board of Trade
Bank Bldg
22
Phone
Stock
American Inv common
Feb
22
99
Development
Marchant
STOCKS—
28%
..
Greyhound Corp new common
Members
New
May
—
Hale
Edward D. Jones & Co.
Louis
6 5'A
19
*
Jan
Leslie
St.
52Jan
812
—
20c
Langendorf
Chicago Stock Exch.
1,858
—
Feb
St. Louis Listed and Unlisted Securities
Stock
6% July
1,550
--
Feb
<
Jan
6%
61%
24%
—
9%
IXL
York
4%
5%
22%
-
Gladding McBean & Co
Golden State Co Ltd common
4%
preferred
Idaho
New
Feb
Jan
Feb
Hunt
300 North 4th
9'/4
92%
58%
•
Hudson
Established
May
5
57
6
■
—
42%
Jan
Jan
23%
60%
*
preferred
Jan
Jan
2.60 July
71% May
327
'
—10
common
common
Conv
10%
.
-
a&3% 183%
—
2
1
Linen Service
Galland
60
30
42%
July
49%
32% May
2,200
7%
7%
38
Jan
23
1,070
2.60
18%
1
__
Apr
10c
5,104
417/a July
40% July
'
40
28%
12.50
Corp
Machinery
Hawaiian
Vanadium
35%
33
41
10
7 % May
307
Pittsburgh Screw & Bolt Corp—
Jan
19%
•
Co
Cum
67
Jun
32%
140
8%
37%
10
32
40%
»
175
58
58
*
140
19
—20
Jan
16%
5% May
50
Feb
Aug
2.45
July
7
Jun
13%
5
Corp—
6%
io
Fuel Supply
.
Jan
17% May
120
120
108
May
7%
•
5
1__.
Mackintosh-Hemphill
Apr
102
19%
—15
Works
Oil
Dorado
General
Mountain
Feb
1,376
Jan
22%
1
Refractories
Walker
Star
Jan
1,777
•
10
Steel
Brewing
17%
16
19%
Farnsworth Television & Radio
Follansbee
12% May
22
120
12% July
23% May
602
32%
31
Emporium Capwell Co common
Columbia
Apr
15%
•
com—
29% July
29%
19%
—_—
new
29% July
106 106%
5
Co
Mfg
17%
20
29%
15%
1
5
A com-
25
10%
a
Feb
15
18% al8%
a29% a29%
10%
Jan
30
July
20
May';
10
65
12%
56% July
247
16%
a28 % a28 %
.....
Corp
Class B common
Doernbecher
\7
May
1,391
24%
a
^
2
Co
Fruit
62% July
59%
16
—
Giorgio
Feb
1.60 July
24%
-
common—
63
Jan
2,562
a
of Amer Inc common—
55
50 % May
1.50
'
a29%
—25
■
Jan
52% Mar
56%
.
——
cl A_ -2%
System
Broadcast
Jan
July
30% July
57c
'
Commonwealth Edison
11
51
Apr
1.40
'rnmm
'''>■*
Jun
24%
59%
c
Jan
40"
519
1.50
"
Mar
105
May
46
30%
53%
-3%
Columbia
7%
Mar
6% Mar
Jun
92%
200
a59% a61%
2.50
Clorox Chemical Co
Iron
172
8
45
—50
Fuel &
97
5% July
8
6% Mar
29%
common.
;
*
Jun
4%
Jan
240
Jun
4%
8
*
Co
Apr
192
93
5
Mills
—•
Caterpillar Tractor Co common
Central Eureka Mining Co common—1
Colorado
7%
*
—.
«
Jan
6% Feb
36
Jan
12
Jan
5
6% May
1,104
—
Ink
California
8
227
High
*
Apr
28%
225
_
Cotton
California
1*019
7%
Co
4
75
1
227
A
N
Calaveras Cement Co common
California
a5
31%
1
2% July
1,200
5%
California
Oil
Bishop
Low
2%
—20
Anglo
Runge Since January 1
.
High
2%
2%
Alaska Juneau Gold Mln Co
.
Range Since January 1
Shares
Low
50c
_
for Week
of Prices
.
Sale Price
Par
Aireon
Sales
Week's
Frlday
Cypress
Low
11%
*
—
May
101% Aug
300
54
101% 101%
•
35
102
25
15
15
Preferred
High
7
*
common
34% Mar
15
,
for Week
Par
Arkansas Nat Gas Co
Jan
Aug
52
101%
STOCKS-
Di
Shares
Apr
10%
5
& Fuller com new
Electric common
Sales
of Prices
Jun
27%
San Francisco Stock Exchange
Pittsburgh Stock Exchange
Last
32
Jun
33
120
33
Mar
22
July
7%
480
8%
33
33
100
Preferred
Stix. Baer
Wagner
24%
23
50
common
24%
10
Louis
Louis
Securities
Feb
17%
19
24%
common
St
Crown
Sale Price
May
19
24%
'
STOCKS—
July
18
*
25
—25
Cement
St
Cons
Week's
14
July
*
Portland
Creameries
Friday
Jan
50
15
Feb
7
25
Jun
21
150
25
15
Piping & Supplies common
Missouri
North American common (Un)
1% Jan,
115
22%
9%
46%
-r
•
Paper
6'A
21
21%
45% 46%
31
1&
115% 116%
" 20%
—
1
*
*
Oil Corp—
Dome
Salt
--
50
preference common
4.4%
preferred „•
$1
Philco Corp common
Scott
—
116%
•
•
100
3
Philadelphia Electric Co common
5%
19%
19%
6%
20%
20%
6
i
High
Low
4%
120
5%
5%
25
_20
Range Since January 1
High
104% July
56 July
65% Feb
200
404
1%
Low
4
;
common
12
Feb
8% Jan
25%
10% 11 %
2%
2%
4
common
39% Jan
23
11
2%
1%
Jan
Jan
July
May
24%
10
50
*
,
24% Jan
July
9% May
2% Aug
1 May
3
Lehigh Coal & Navigation
Lehigh Valley RR
National Power & Light
Gimbel Brothers
Steel
Midwest
19%
12%
18%
11%
—
13%
100
•
10
& Light
Delaware Power
59
*
Co
Publishing
Curtis
2%
1
com
new
High
Low
28% July
174% Feb
11%
Co
Budd
Shares
Range Since January l
v
57% 60%
3%
3%
~
Gas
Laclede
23 May
149% Jun
—
Locomotive Wks vtc
Baldwin
Laclede
«
246
1,488
27 "A 28%
156% 157%
157
13
-
for Week
of Prices
Par
High
Low
Par
American Stores
Range
Sale Price
STOCKS—
662
57
Feb
78
Feb
63% July
25% Feb
§4
July
75
93
Jan
Jun
18% May
35% Jan
19%
Apr
25% July
38
25%
Feb
Feb
OTHER STOCK
EXCHANGES
AUGUST 1
WEEK ENDING
RANGE FOR
37
(497)
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Number 4617
Volume 166
■f
Friday
Richfield
Roos
Oil
Bros
*
Ryan Aeronautical Co
Low
January 1
High
July
17
16%
34
36
50
33A May
Jan
614 Jan
446
and W Fine Foods Inc
47
—
4%
4%
525
1814
18 %
295
15% May
Safeway Stores Inc
5
common
Mp"rioio Mining
24%
2514
812
20% May
10 pesos
13c
12c
13c
•
:
38'A
38%
802
—
Crucible
*
Publishing Co common.^
40 %
30% May
Union Oil
*
Soundview
"
California
843A
Jan
120
28 3A
July
30
29%
Calif
32%
205
—
2914
25
363A
36%
363A
303
36% July
Co
46
1,779
35
Apr
47
a 1914
al9%
30
Jun
21
1214
12%
182
-1.10
1.20
Pacific
Sperry Corp
Spiegel Inc
«
Super
•
;
\
—
—4
Jun-
■
•
„"
17'%
(B F)
Co
•
'<
Water Ass'd Oil common..
61
59 %
62.
21%
2114
23/
A
419
International
Jan
Transamerica
.2
Western
&
Union Oil
Co of California
Feb
Marine
11%
123A
7,108
10% May
15%
Jan
60
16
Jan
United Air
Lines Corp
10
"U S Steel Corp common
•
Universal
Consolidated OIL.
Jun
820
2214
73%
-
.1
_4
common
.
23%
.1
Co common
Preferred
:
'
May
25
......^
Yosemite Portland Cement pfd
;
,
—
12'A
25
10'A May
16
Jan
32% May
39%
Feb
39%
42% July
12%
__
725
250
a52% a54%
100
46%
485
43
41/4
41/4
125
Jun
a—
46
__
—
a__
—
Jun
60%
Feb
3% May
5%
Feb
11%
8% May
2.95
3%
1,200
30%
31
600
13%
625
12%
__
Jan
3%
Feb
Apr
36 "A
Jan
9% May
17%
Feb
2.80
2.95
30%
30%
44% July *
175
43%
Jun
49%
270
20%
Feb
25%
41
100
of
May
49%
Feb
19%
507
18 % July
26%
Feb
30
a45% a45%
a45%
1.
1
43% July
a43% a43%
_
22%
22%
41
„
»
19%
r—5
7%
.
19%
N
282 3A May
23% July
34%
Jan
20
32
2,054
17% May
23%
Feb:
Feb
f-
760
30
64c
40
3,300
7
100
61 %
61%
197
50
Apr
14
May
pfd—10
„•
__
__S
"17%
17%
22%
6%
Jun
177/e May
May
495
12
7%
200
May
24% May
7%'
__
May
16%
15
____1
15c
1,235
•
American Aviation
36'/a July
410
21
__
21%
4
capital
RR
240
24c
20c
7
Jan
8
38'A July
23c
Feb
is
v'h
5
,
7% Mar-
<
64
Feb;!
19 y8
Feb
l
.
22% Marl, -i
f
fI
22
Feb
10%
Feb,
}
i c
Jan
12%
Y -Central
North
Jan
10
8%
Apr
7%
36%
20c
7
1
Cement
7%
330
7%
36'A
18
Nash-Kelvinator Corp
Jan
330
Inc^
National Distillers Prod
,
39%
July
9
Apr
13
Oahu
26
Jun
30
July
62c
200
Apr
67c
May
Co Ltd—.,.—
Sugar
__
a25
62
19%
175
20
Feb
\
22 3A
Feb
j
21%
Jan r
j
14
75
17%
26%"
17%
32%
May
15% May
a25
19%
__
100
July
*
'
10
Pacific Railway cap
Northern
Jan
32
100
North American Co common
Co
Oil
__
•
common
•
26%
.
Apr
24
375
27% July
i
j
Cement
Portland
Pacific
Motor Co
Packard
Pan
10
com
5%
5%
10%
10%
475
a27% a27%
20
10%
1
__
Pictures common
20
20
.5%'
2.50
13
5
9%
23
10
3,005
20
•
common
American Airways
Paramount
Unlisted
Feb
47% July
a37% a38%
4
Montgomery Ward & Co
Apr
Feb
78 %
575
30
64c
;
10
Jan
6%
43% May
.
a38% a40%
4
—
Robbins
Monolith Portland
35% July
Jan
24
11%
25%
4% July
25
a38%
4
M Cons—
& M
J
Ohio
Yellow Cab
21% May
132
a40%
—-U——_4
&
McKesson
Apr
28%
Jan
62
24%
852
325
9
9
301 30114
20
32
50
21 %
310
-
-
2314
__
985
5
•
McBryde Sugar Co
24% July
Apr
19% May
1,010
35
3214
35
20
1,314
21%
-100
common.
[ Western Dept Stores common
RR
1
1
\ West Indies Sugar
Pacific
—
24%
22'A
72%
--
•
10
;
•
Victor Equipment Co common
Wells Fargo Bank & U T_„___
Western
223A
—
25%
July
22
2114
25
'
4
Bancorporation
Navigation Co
32
1814 May
1214
.
25%
a46% a46%
1
Co
Johns-Manville Corp new
Kennecott,Copper Corp
M
Union Sugar common
Tel
Inc..
1,433
143A
&
Tel
Loew's
al5% al5%
—
Feb
Jun
21%
12
Air.——5
Corp
Transcontinental
6'A
5
4
62% July
20%
20%
10
-
4 '/a May
4
1
Mines Corp..
Idaho Maryland
Matson
Tide
7% May
11
Mar
1.25
1.05 Jan
51% Mar
2114 July
1,000
—10
Corp
100
*
Motors
Graham-Paige
Feb
15%
9% May
3,360
Oil Co of Cal
Mold
__
_2
Ltdo—_
Co
1
-
l
,
common—.
Spring Valley
Standard
-■
Co.
9%.
a4%
4
—
International Nickel Co Canada
Southern
9%
__
—5
Goodyear Tire & Rubber common
40% Mar
42 3A
pfd ser A
Feb
Feb
12%
32"% July
25
Co
& Share
Bond
General Food Corp
Jun
Gas
4.48%
So
29%
28% July
292
29 %
32%
29%
25
Feb
12
May
a4%
__
•
General Electric Co
July
Edison—
preferred
36%
Jun
7
July
4,047
preferred
4.32%
45% July
Jun
__
•
Goodrich
Southern
Apr
24 Va
10
Kodak Co new common
Eastman
33% July
25% May
80
30
283A
29%
5
Pulp Co new common
119
—
270
32%
120
32.14
3214
15
common.
Signal Oil & Gas Co class A
38%
25
__
i—1
Bridge
Dumbarton
July
Electric
Shell
25
a27% a27%
__
4
Curtiss-Wright Corp
Jan
20c
May
9c
33,000
Bears, Roebuck & Co capital
48% July
175
a46% a46%
5
of Amer
High
Low
44 Va
8
8
26% July
—
(Del)
Oil Co
Steel Co
Range Since January 1
High
4
__
Domlnguez Oil Co
San
Lota
a46% a46%
1
Continental
21% July
__
10
—
Shares
15
Continental Motors Corp
Curtis
S
for Week
of Prices
Par
Natural Gas Co
Consolidated
14% May
34
July
—
1
,
Range Since
1614
167/a
1
Corp common
common
Sales
Range
Sale Price
STOCKS—
Shares
High
Low
Par
Week's
Last
for Week
of Prices
Sale Price
STOCKS—
Friday
Sales
Week's
Range
Last
Jan
Jun
May
May
1
July
20
'7%-'Feb
15
Feb
30%
26 %
Feb
33 %
July
I
|
Jan/;
;
j
Securities—
Alleghany Corp
American
Power
American
Radiator & Std San
&
Light
5%
May
all3A all3A
50
14%
320
11% May
.157
157
1,340
151
a51% a51%
77
a—
4
100
May
Feb
1
Feb
17
Feb
174%
Feb
a43
317
713
200
18
May
25% Jan
37% May
♦
28
820
21% May
20%
32%
J.
50
33%o
25
20'A
32
a41%
27%
Pennsylvania RR Co
Pepsi Cola Co
Phelps Dodge Corp
Pure Oil Co common
16%
9% May
14%
...»
American Tel & Tel Co
3
110
3%
3%
1
26%
—
—
»
|
.
42% July
!
28% July
'
*
1
American
Viscose
Corp
American Woolen Co
Anaconda
Copper
Armour
Co
&
14
—;
a—
% May
4
1
39 34
44
990
28
36%
35%
36%
521
Radio
44
31% May
Feb
14
252
10
May
90
780
69
May
96%
a25% a25%
10
5
25% July
Orpheum
class
^10
3
5%
5%
150
4% May
7%
Feb
18
19
625
16% May
24%
Feb
Socony-Vacuum
13%
Silver
Coalition
King
Baltimore
Bendix
...
& Ohio RR
Aviation
Berkey &
Gay Furn
Bethlehem
Steel
a31;
5
355
16%
Feb
80
Cal
75
28
May
38'A
Feb
So
Calif Gas Co 6%
20
1% May
73% May
2%
Jan
Standard Brands Inc
al%
4
90%
90%
4
4%
7% May
202
i
common
Blair & Co Inc capital
al%
3,065
3%
91% Mar
5%
Apr
Ltd
Ed
Boeing Airplane
Borden
Co
._5
.
i.,
Bunker Hill
a43
15
.....
& Sullivan
100
16
pfd
Studebaker
23
40%
300
16%
pfd '27
Pacific Railway
Chesapeake & Ohio RR
40%
25
Cities Service Co
10
Canadian
18 % Mar
110% 110%
70
13%
465
9% May
14%
Columbia
Gas
&
Electric
__
a48
381
42% May
54%
United
a36% a39%
78
26
39
July
Aircraft
109% May
112% Feb
Warner Bros
Jan
Consolidated
&
Southern
Edison
Co
of
N
Y
a5%
16%
16%
50
650
635
133
24
4%
14
14
30%
36%
6
709 '
28% Jun
63% Mar
35
a31% a33%
—'
a31%
78%
"
36%
36%
,
a31% a31%
76%
78%
.
Jun
May
Mar
Jun
July
Jun
6
16% July
17
A.
.
i
.s
July
34 Va
Feb
39% Mar
f
?
Mar
78 3A July
20%
21%
645
16% May
24%
Jf'eo
34%
34%
135
32
Jun
36 lA
Jan
a67% a68%
53
19%
3%
3'A
19%
3%
3%
210
524
'350
61
17
Jun
May
20'A
2% May
3
May
4%
Jan
43A
Jan
16
40c
a67%
19%
1
-—{>
3%
...A
Petroleum
12
425
10%
Apr
12
64% July
Apr
25
July
37A
Jan
Westinghouse Electric Corp com
29%
Feb
Woolworth
1,610
5
2,934
326
a7
14
Apr
25c Jun
*3% May
18%
Feb
60c
July
5
July
July
300
16%
45c
a7
__
4%
1
-
4J/2
—
1
common..*
25
3
3%
4,685
21% May
2% May
26%
4
..
5
Pictures
24%
26%
340
24% May
3%
•
a5%
16%
16%
__
25
5
Corp common
Preferred
Western Air
Commonwealth
14% May
Feb
1
11%
25
*
332
HI
—
18%
25
—
.
Corp of Del
Utah-Idaho Sugar Co
JaD
*
Commercial Solvents
16%
25
Company common
Co
Westates
commor.
16
a—
—
Feb
a46%
25
a48
a—
16
Corp common
&
Texas
Jun
Jun
16 > May
12%
110%
—.100
125
*
United
Cal Ore Power e%
Feb
a41% $42%
j
Feb
303A
8%
Feb
"
16%
15%
May
__4
Standard Oil Co of N J
Feb
14% May
50
a42% a44%
2%
May
23
—
■
.25
common
Swift
16
11
476
15
—
13%
1
1
Co
Oil
a3i% a32%
100
common
Corp
434
240
27%
•
.
Locomotive
13 %
26%
4
A
Sinclair Oil Corp
Baldwin
13 %
5
Co
Cement
Riverside
8%
__
27%
B
Feb
25% July
13
Mfg Corp
class
Reynolds Tobacco
"Jan
7% May
103A
—
1
_—
Republic Steel Corp common
15% Mar
100
Atchison Topeka & Santa Fe_.
14
87
Keith
•
Corp of America
Radio
July
41%
__5
2
(111)
44
50
com
Mining
Atlas Corp
Avco
a51%
CANADIAN
RANGE
FOR
Western
LISTED
WEEK
ENDING
Lines
Union
Inc
Teleg
(F W)
.—...
1
—
class A
4
a21%
12%
10
common
a21% a22%
28% 30%
50% 50%
,
—
50
6% May
101
1,160
695
;
17% Jan
23% Jan
44
May
7'3A
Apr
24% July
30'A July
52%
Jan
MARKETS
AUGUST
1
"
Sales
Week's
Friday
Last
Montreal Stock
Exchange
Last
STOCKS—
Sale Price
Par
Abitibi Power & Paper com...
$1.50
Sales
for Week
Shares
Canadian
of Prices
Low
Low
—
17%
18%
5,881
20
preferred
Range Since January 1
High
173A
20%
20%
21%
3,350
__
36
36
21
203A
21 %
Class A
High
21%
Feb
Canadian
17% May
22
Feb
$1.00
36
July
43%
Jun
$1,75
Celanese
Agnew-Surpass
4
104%
100
Shoe
4
Algoma Steel common
20
104% 104%
37%
20% May
103 % May
4
__
38
100
37
39
819
207
4
Aluminium Ltd
38
325
207
34
32
22%
*23% Mar
106
Aluminum
Co
4%
Can
of
Argus: Corp common
Asbestos Corp
pfd
25
27%
•
73A
39
July
Jan
39% July
190
"26%
Mar
Jan
__
4
7%
8
28 %
29
75
26
May
75
4
.
Associated Tel & Teleg $6 pfd.
27%
27
75
180
63
Jun
220
Bell
Paper class A
•
100
Telephone
Brazilian Trac Light & Power
British American Bank Note Co
British
Columbia
Elec
4%
pfd
__
188
21%
•
4
..100
"
22'A
_.
21
.
21%
6% May
295
188
188'A
21%
2,637
22 "A
22%
19
493
21
102% 102 %
,
182 3A
20
325
May
Apr
May
20 3A
Jan
101 %
30
Jun
*
British; Columbia
Forest
Products
British!Columbia Power Corp A
Class
B
•
•
4
...
-3%
__
„
3%
263A
2%
4%
4,235
27'A'
251
2%
200
3%
214
July
27% Aug
9%
30%
75
Feb
Feb
July
23%
191
23%
Ind
Alcohol
Mills
28
Building Products
4
Bulolo.
.5
—
__
..
Class
Locomotive
Canadian
$1.30
Oil
Consolidated
Feb
Jan
23% May
102% July
Apr
43/8
Feb
29%
Feb
3%
Feb
Jun
Companies
Canada
Canada
Iron
Foundries
Northern Power Corp
23
23
50
22
Jun
30%
31
350
28
May
18%
18%
100
16
Jan
Canada Steamship
5%
common.
1%
preferred
For
footnotes
see
page 42.
76
56
Apr
67%
24 Va
100
24
Jun
25
40%
40 %
135
40
Mar
29
Jan
32%
Feb
Ltd
Stores
Dominion
Tar & Chemical common.
Red
25
*
4
155
30
Apr
38%
Feb
15
185
11% May
•16%
16
Jan
365
14
July
Jun
14%
15
11%
Apr
25
105
22%
Apr
37
Jan
15%
125
15% July
18%
Jan
13%
15%
4,615
11% May
15%
Feb
12%
300
86
88%
1,568
41%
41%
25
12%
May
14%
Feb
78% May
89 Va
Feb
41
43
Feb
12
Mar
14% May
19
Jan
17%
,
.
14 A
24
29
1,025
32%
635
31%
Apr
37
15
125
14
Mar
17
1%
4
Textile common
30
31%
300
28
July
33
Jan
38
60
36
Apr
42
Jan
38%
75
36
Jan
14
15%
831
12% May
38% May
18% Feb
24
24
150
29
30
341
21% May
25% Jan
23%
23%
150
23% July
95
—100
preferred
408
17
May
23%
Jan
30
Jan
31%
Jun
Donnacona
__
26
26
100
25
Jan
26%
Jan
Dononue
15
15
15
225
15
May
19
Jan
Dryden Paper
50
83A July
14%
14'A
14%
225
13%
__
43%
44
175
43% July
Apr
Paper 4%q
Bros Ltd —;
11%
Jan
Eddy Paper class A
17%
Feb
Electrolux
50
Mar
Enamel
&
Corp
pfd—
preferred
—
Heating Products
;
100
*
•
20
--1
*
95
96
160
92
Jan
26%
Jan
30% May
'
26
Feb
100% Mar
Jun
Mar
185
102
July
106% May
150
20
Feb
21
May
23%
24
305
17
Jan
24
July
20
20
11
180
15
20
20 %
125
19%
Jun
21
17
17
103
20
—
lu
103
20
185
185
•—
^—
'
-
Jun
,
*
18% July
f
Feb
15
38%
--
18%
32'A
37
15
31 A
}
ft
18%
23%
preferred
Jan
Jan
35
32
*
15'A
87 %
41 /2
r—-r——1°0
B
17
15
14%
14
•
——
Feb
May
42%
'
15
lo n
25
*
preferred
& Steel—
Dominion Steel & Coal class
3,140
50
275
32
32 A
preferred
183A
.•
17%
24
*
Dominion Glass common
30%
9
16% May
14% Feb
19% Jan
61%
--
5
*
Foundries
Dominion
18
9
'
17
'®
Minlng~& "smelting
Bridge
Dominion Coal 6%
30
4
May
14%
25
Distillers Seagrams
18
4
12
—
Dominion
30
common—10
895
40%
—
Glass
•
Canada Forgings class A...
13%
rnrk^hiitl". Plow
...100
common
preferred
Mar
13%
24%
•
*
—*
Canadian Pacific Railway
Dominion
Canada Cement
Feb
45
--
*
:
class A
Dominion
Bruck: Silk
27
Jan
20
pfd
Feb
25 Va July
2%
May
43
61%
25
25
Investment
Foreign
Canadian
Consumers
Bathurst Power &
23
2
Feb
Jan
A
Converters
Canadian
Canadian
192
3,595
43%
—*
common
preferred
series preferred
Canadian
Acadia-Atlantic Sugar A
5% preferred
High
25%
43%
'
14% May
25
Low
25
13%
17
20
-—
Range Since January l
High
25%
*
Bronze common...
*
Car & Foundry common^..-*
Canadian
4
Low
Breweries
Canadian
20
preferred
$2.50
Week's
Range
Shares
Par
Canadian Fnnda
Friday
for Week
Sale Price
STOCKS—
Range
of Prices
11
,
11%
50
175
15% May
7
Jun
Jan
10% July
11%
Jan
~
±
38
RANGE
MARKETS
LISTED
CANADIAN
FOR WEEK
Monday, August 4, 1947
CHRONICLE
& FINANCIAL
THE COMMERCIAL
(498)
ENDING'AUGUST 1
Last
High
17
17
17%
895
17
Jun
23
Canada Corp.
Canada—
Players
Foundation
of
Co
23
23%
510
23
July
preferred
5% %
19%
20
Gatlneau Power common
1%
—
•
General Steel Wares common
*
53
July
.55%
Jan
15%
95
13
May
16%
Jan
6% May
9%
Feb
200
8
27%
43%
1,075
45
15
Corp class A—
.100
5% preferred —
—
100
4%% preferred ;——————
Accep
10
19
•;
common
100
Mar
Jan
36%
6
Apr
34%
1,745
321/4 May
37%
Feb
49
52%
5,325
2,410
41
55
Jan
16%
Feb
46
Jan
13%
13%
44
■;
35%
12%
V
13%
13
Mar
1,250
10
May
23% May
19%
Apr
21%
Feb
300
15
Jan
16%
Peb
10
11
July
15
Jan
Jan
7
Jun
2
15%
11
—
Feb
Feb
26% Mar
380
15
15%
13%
13
Jan
11%
205
21
21
—
12% May
40
24%' 25
25
May
122
13
*
_«.*
(C W)
July
36%
13
—_——
Brothers
Lewis
Lindsay
Feb
33%
13
*
Lang & Sons Ltd (John A)—
106
38%
44
*
(John)
Labatt Limited
Jun
39%
July
97
•
Il5
Ltd—
Apr
8% July
Jan
30%
225
97
13%
.
Service
Public
15%
Apr
105
*
Jamica
Jan
7%
50%
-.15
Corp
13%
104
__
of Canada—.
International Utilities
15% July
33%
—25
Power
Jan
97
*
International Paper common,
12%
105
'
„
International Petroleum Co Ltd
International
Feb
Feb
800
38
37%
Feb
£3%
15%
3,020
8%
*
29%
Apr
3,464
15%
8
8
Jun
50
65
15%
£1
24
40% Apr
411
52%
Canada common_5
International Nickel
Jan
120
15%
—
Jan
53
15
pfd
5%
18%
15% May
151/a
International Bronze 6%
111% May
26
441/4
Imperial Oil Ltd
Indus
Jan
3% May
52
'
52%
& Smelting
preferred
110
150
•
6%
20% July
500
4%
8
■'
_50
•
Imperial Tobacco of
Apr
16
8
•
Hudson Bay Mining
17
15%
•
—
preferred
$2
Jan
53
53
—
common
Paper
Smith
Howard
26
16
~50
1927—
Tire 4% pfd inc
Gypsum Lime
&Alabastine
Hamilton Bridge ——
Goodyear
Feb
3
111
4%
19%
11
_——
Gen
Industries
Canadian
m
Montreal
28%
16
16
Works
Locomotive
Tramways
preferred
1%
2,105
35
36
40
Jan
May
May
45%
46
412
Apr
48
50
46%
Apr
50
13
13
56
13
Jan
42
23
340
24
23%
23%
23
24
43%'
,
45%
-
13%
Feb
26%
Apr
26
'Jan
427/8 May
53
Jan
Jan
23
150
720
July
*
27%
27%
215
27
Apr
—*
*
19%
20
200
16
May
20
Canadian
Inter
7
2,900
4 % May
7
July
17
17
140
18
May
Power common
15
Feb
Jan
185
Mar
12
60
July
3%
3%
350
3
May
4%
Feb
2
2
2%
675
1.75 May
2%
Jan
2%
2%
2%
142
1.75 May
3%
Feb
27/e
3
3,410
3%
40
40
8
Feb
Feb
24
24
1
5
Ltd com.
Tr
Inv
1
Canadian Marconi Company
*
Canadian Pwr & Pap Inv Ltd com.
2
*
Products Ltd common—*
Canadiart
Western Lumber Co..
Canadian
Westinghouse
Food
Catelli
8%
Ltd.,
Co
Commercial Alcohols Ltd
:
Preferred
Consolidated Paper Corp Ltd
Corp Ltd
Cub Aircraft
—
&
Dominion
Worsteds
Woollens
& Aircraft-
38
25c
July
65c
Feb
15
10
15
July
17
Feb
19%
14,014
14
% May
19%
Jan
17
17
50
17
July
18%
Feb
Jun
2%
Apr
40
1,700
13%
675
13%
11% May
.20
20
20
: 55t
300
105
60
100
May
2%
2%
2%
1,460
2
20
30c
8
Preferred
A
*
„
29%
29%
29%
37%
38%
745
12%
Power Corp
of Canada.
Price ,Bros & .Co Ltd. common.
preferred !*—
4%%
Paper
conv
cum
45%
100
45
5%
50
30
100% Mar.
18%
250
101
102
25
101
Jun
104
Mar
104
104
30
104
Apr
106
Feb
*
common
pfd
8%
'i
8%
■
42%
44%
2,505
30% May
45 % July
35
35
25
32
July
35
July
133
134
269
116
Jan
136
51% Mar
52% May
16
5
14
May
16
14
455
11
Jun
15
.,
175
46
Jun
135
11
May
14%
Feb
29%
29%
40
28
May
31%
Feb
103
103
20
102%
Jan
30
5%
Jun
14%'
.14%
14
14%
,
104
100
22%
675
Apr
12% Mar
415
Jan
104
15
104
Jun
12%
1,721
Montreal
1st preferred
2nd
6
6
•19%
21%
18%
18%
18 %
29
29
3
25
25
25
21%
74
74
55
18
Southern Canada Power
Standard Chemical
•
common
...
Steel Co of Canada common.
1% preferred
18
"18%
105
17%
18
Ltd.
Co
18
18
230
16
8
•
8
8%
78
*
77
78%
Mar
7% May
1,065
25% Jan
——-
Ltd——.
Royal Hotel Co Ltd
Royal Rice Mills Ltd.*.
15
355
9%
75
9
-',97
104
225
11
126
13% May
50
16-. May
-
Corporation
Moore
Mount
15
•
*
9%
,
163
July
15
105
Mar
18% Aug
18%
Feb
97/a
Feb
82
May
July
79
Tobacco
7%
Twin City
United
Viau
89
20
53
182
Mar
53
8
May
8%
8%
8%
102
102
20
•
24
25
1,020
-
Jan
20
35
21
.100
preferred
7% May
2,285
21
♦
common
Gooderham
&
Weston
(Geo) common
Wilsils
Worts
190
Jun
15%
Feb
10
Feb
21
Ltd
Electric
preferred
5%
21
102
July
26
Jan
Jun
31
Feb
Mar
•
common-—.
„
15%
"loo
15
20% May
927
Jan
13
97%
10
100
100
100
27
100
16%
21
Winnipeg
Industries
22%
.10
—
Montreal
.10
27
22%
Jan
23
May
23
Jan
25%
1,510
28
27
28
May
Apr
July
Nova Scotia-
.10
34
34
34%
220
34
Royal
.10
23%
23
23%
540
22
Apr
39
Notes
1949.
50
Jan
60
$9,000
50
pfdi
14%
-
Ltd
Jan
Feb
50%
Ltd
*1
Gold Mines Ltd—
■
*
18c
9%C
Metals
Mines Ltd
Sales
for Week
Shares
Par
Acme
Atlas
Glove
Steels
Works
Ltd—
*
Limited
—
Auto Fabrics Products class A pfd
Class
B
Low
Mines Ltd
Gold
Buffadison
—'
10
*
10%
10%
75
Low
6%
Cheskirk
Mines
—
5%
High
9% July
12% Feb
13% Mar
9%
175
12%
100
11%
Jan
6%
6%
125
5%
Feb
7
Brand
& Millen
Ltd A
1.60
•
Brewers & Distillers of Vancouver Ltd_5
5
Jun
7%
10
10
25
10
May
12%
18%
*
Belgium Glove & Hosiery Co common.*
5% preferred
2o
18'%
125
18
Apr
1.50
1.65
3,100
5%
5%
158
1.50 July
16
16
20
Brown
American
Oil
Co Ltd.—
Company common
1
Canada
.
15
26
26%
624
24
Co Ltd
21%
5%
8,749
94%
555
13%
1
4%
88"
5%
100
Preferred
Butterfly Hosiery
26%
*•
13%
21%
22%
716
•
50
Mar
19
3.00
Jan
Jun
July
17
Feb
May
27
2% May
67
9%
5% July
4,460
17%
17%
25
16
May
16
150
14
July.
28
10
23
May
4%c
500
23c
9%c 11 %c
C 2,700
i
18c
24c
Jan
1
Jan
July
t 51c
18
,
July
25
'Jab
28
*
July
18c
Aug
9%c Aug
5c
Jun
500
29c
7c
•-
East
2,000
6c
51c
Feb
21c
Apr
27c
July
6c
July
10c
Feb
5c
500
5c
2,000
1.05
1.05
300
6c
16c
:,
Gold
July
13c
Feb
6c
6c
500
••
Gold
Lake
Lake
44c
Feb
10 %c
11c
3,500
11c
July
32c
Jan
-1
25c
25c
30c
68,800
31c
July
60c
Feb
16c
14c
19c
30,000
11c
May
25c
Jan
1,500
19c
May
39c
Jan
Goldfields
Jan
Jan
Siscoe
20%
Jan
23% May
54
15
52
Apr
63
Canada
Northern
Power
100
109
109
5
109
Jun
For
footnotes
see
112%
May
90c
.
Jan
16c
-Jan
4,500
28c
July
92c
Feb
5c
Apr
0%c
Feb
1.04
2,300
80c
May
23c
1,900
18c
May
43c
%C
1,000
25c
July
95c
Feb
10%
585
11%
Fen
10
10
12c
14c
2,530
5C
1,000
Ltd
4%c Feb
800
3c
Mar
5%c
1,500
5c
May
13c
40c
600
33c
May
90c
Jan
18c
2,500
16c
May
33 %c
Jan
July
70c
70c
1,000
70c
8c
8%c
3,500
7%c Jun
.1.80
8C
1.90
2,600
1.80 July
2.48
4,300
2.65
59%
8.25
12
59%
8.25.
^
200
4.80 Jan
59%.'Aug
10.00
Jan
1.20
Peb
2,500
2.65
Jan
2.25
8c
8'c
1,500
16c, 17 %c
23,500
17c
19c
1,500
.50c
24c
24c
25c
48,700
1
3.50
3.35
3.75
18,500
1
50c
50c
50c
200
1
Feb
Jan
2.09
—1
Feb
3.55
1.82 May
2.03
...1
Mar
8.00 May
Feb
22c
1.02
1.08
1.10
2.27 July
56
1.28
Jan
5,000
1L10
...1
—
Jun
3%c
...1
Gold Mines
Feb
91/2C
18c
1
Ltd.
May
28c
5c
1
—...
Feb
July
5c
3c
1.99 May
40c
3c
Ltd—*—1
1
;
9.50 May
10c
5c
12c
-1
—1
....
Mines
Gold Mines Ltd
6c
28 %c 28
•.—...
Santiago
Mines
Sherritt-Gordon
July
1,500
23c
Ltd—1
Mines
Gold Mines
Co Ltd
Quebec Yellowknife
28c
6c
1.00
-1
Ltd—*
13% July
1,500
16,000
.-1
Mines Ltd
Mining
1,000
31c
Jan
4.65
28c
*
1
—.
Dredging
Cadallic
Gold
3.35
30c
Feb
22c
2.74 May
5%c
2.48
Pandora
23% July
Jan
July
5c
59%
Cons
18%
12c
26c
1
Nechi
500
5%c
Mclntyre-Porcupine Mines Ltd.——5
Mining Corp of Canada Ltd.
Mines
55
12c
Apr
3.25
31C
Ltd—
Mines Ltd,
(1945)
Gold Mines
Macdonald
21c
22%
12c
,-1
Mines
Rowan
May
Jun
11c
...__1
Ltd
Lingman Lake Gold Mines
Lingside
25c
15c
27c
Joliet-Quebec Mines Ltd—;
Lake
Mar
15c
1
—
Gold
Feb
9c
1,000
—
...
Mines Ltd....
Consolidated
May
,
1,900
6c
Ltd
Mines
Gold
5c
16c
..1
Gold
Lake
1.50
1.00 May
16c
-1.
Mines Ltd——
Gold Mines Ltd
Formaque
,
15c 17%c
Zi
Mines
Sullivan
Feb
.10c
j
21c
Ltd
Duvay Gold Mines
Jan
22% c May
Jun
27 %c
3,500
Feb
44c
3%c Jan
16,500 -
5%c
22%
Jan
54
July
*15
'123
.1
Ltd
Mines
Dome
Pitt
•
page 42.
9% July
Apr
116
42c
27c
.1
Explorations Ltd
Cournor Mining Co Ltd
94% July
*
pfd
July
41c
6c
.1
Ltd
May
Malting
7%
Jan
10
12% May
„
5c
Jan
Canada
Ltd
"30
Apr
23
27c
Feb
Mar
& Dominion Sugar
Co
975
■
.*
Ltd
Cadillac Gold Mines*.
Consol Central
O'Brien Gold
British
Jan
Jan
■
Cortez
Louvicourt
Bathurst Power & Paper class B__
V.v-.
15
28'c
11% Mar
9%
*
Jan
21%
112%
| May
4
,
.119
--
Co Ltd——.—
.1-».•••'
Mines Ltd—.——
Gold
Century Mining Corp
Jack
Jan
8
12%
*
9y8
.
5%c
.li
Celta Dev & Mining
J-M
Range Since January 1
High
July
14% Mar
22
8%' Jan
19
10
.1M
—
Mines Ltd
Bouzan Gold
Hugh Malartic Gold Mines
Range
V
3,275
Li.
Ltd—
Kirkland Gold Mines
Bonville Gold
Hollinger Consolidated Gold
Hudson-Rand Gold Mines Ltd
of Prices
Apr
28
17%
*
-*
*
Ltd
Mining , Corp Ltd
Li
Beatrice Red Lake Gold Mines Ltd.
.1
Beaulieu Yellowknife Mines Ltd
Base
Heva
Canadian Funds
Week's
125
May
117%
41c
Mines Ltd
Eldona
Montreal Curb Market
Last
■
Mining Stock!
Band-Ore
Goldvue Mines
Friday
Feb
<
„
16
117%
—-
—^
Westeel Products
God's
Sale Price
Apr
Jan
'
100
Ltd...
Distillers of Canada
Found
STOCKS—
Mar
107 %
;i25
10
9
"9
Co
Fontana Mines Ltd
Power 3%
74
17
10%
Jan
May
4%c
Invest
Stores
United
23%
10
m
Jan
25
Bonds—
Montreal
July
•
Mar
17% Mar
101
21% Mar
190
July
25-
—
—.
Southern Canada Pow 6%
Soutbmont
23
*
.100
Banks—
Commerce
30
Feb
12%
52
110
July
21% May
100
35
•27
27
•
•"
16%
108%
108%
v
16
16%
Pfd- !ioo
Service Stores
Russell
Centremaque
Walker
15%
15%
•
9%
9%
5o
•
Apr
July
29
Jan
190
190
10o
Steel Corp
Biscuit
5%
preferred
......
181/2
'
Bidgood
Tuckett
of
14
...•
Ltd..
Can 6%
1st
Paul Service Stores
Corp
125
13%
112*
Ltd
Crush
Orange
125
•
Ltd
Enterprises
21% July
Jan
'
•
Lt & Pr common
Nova Scotia
15% May
13%
1,975
••
,
Feb
7%
14% July
July
76
217
80
-79%
25
Apr
Jan
104
65% May
14%
30
20
..—
preferred
'.
6
common
Minnesota & Ontario Paper Co
Arno
Southam. Press
Jan
40
20%
*
.5
Refrig & Storage Ltd com—*
Ltd
Distilleries
Melchers
Thrift
22%,
Jan
14% July
43
July
22%
Jan
52%
16
12%
15% July
43%
22%
Feb
9
42
Quebec Pulp & Paper 7% red pfd.
Quebec Tel & Power Corp A—-—
4,775
134
Mar
12%
Jan
20%
15%
•
8
'
•
Power
14%
—
preferred
18% July
.28
13%
14
Leaf
Maple
Feb
103
9% May
■»
4%%
v
15
"
—*
Vtc
Simpsons
67%
5% July
25
.
.
Jun
471/4
Jan
Apr
Milling Co Ltd com
_*
Massey-Harris Co Ltd 6%% pfd
20
McColl-Frontenac Oil 4% cum pfd—100
Power & Paper Co
MacLaren
Rands
100
Power.,—
common
62%
18%
50
St Lawrence Flour Mills common—.
Sicks Breweries
3,725
101% 101%
100
A' preferred—
Shawinigan Water: &
67% July
,
July
4%
27
52%
,.
*
'A*.
pfdj—._
St, Lawrence Paper 6%
Feb
15
•
100
St Lawrence Corporation
Class
July
10% May
16% July
10
27
27
—
Lowney Co Ltd (Walter M)
Nuclear
291
Feb
45
pfd
—■*—
50
Journal Publishing Co of Ottawa——*
*6%
Jan
39
50% May
64y
pfd
Saguenay Power 4%%
13%
12%
,
33
Jan
34
100
Quebec. Power
Holland
27% July
90
38
55
13% May
Investment Foundation Ltd common..*
Mount
•
*
Powell River Co
May
200
»
Page-Hershey Tubes
Jan
42
16
—*
Jan
12%
5%
_—
May
23
July
15%
Ltd common.—
Feb
'55c
July
1,710
50
•
...
Co
4%
8
13
51 Vs
50
com.*
Co Ltd new
Paper
new
-
Feb
129
Jan
285
510
22
Felt
Jan
,1/4 May
May
40c
Lakes
Feb
Jun
2%
105
8
Preferred
2%
2%
2%
40c
Great
July
20
105
I
Jan
21%
14% May
3,026,
21%
Companies
15
20
'
18
•
Fraser
42% May
36% Apr
565
42
42
*
class A
1.00
Feb
7%
Feb
6%
•
Foreign
6%
1.15
1.10
Power Sec Corp Ltd com
•
cum red pfd ———.—100
Ford Motor Co of Canada
5% July
Apr
425
18%
—
3%
3,325
7
25c
17%
18%
preferred
20
Fairchild Aircraft Limited
5
Federal Grain 6%% -cum red pfd__100
Fleet Mfg
>25% July
Jan
5%
Ltd
Mills
Esmond
22%
15
Co Ltd_i—:
Paper
47
July
38
7
Co—*
*
Linoleum
&
Oilcloth
Dominion
Donnacona
5%
Mills
Textile
Consolidated
Apr
25c
A...*
*
*
pfd—20
—*
Sec
Standard
Div
2%
'
•.
5
common
preferred
Consolidated
July
6%
—*
—.
21
4
60
FeD
29
common
Aircraft
Ottawa Lt Ht &
Jan
31
176
Feb
22 %
16 % May
48
45%
43%
Mills
40% July
Jan
34%
875
171/4
.—5
pfd.
•
Ontario. Steel Products;
Car
Feb
"5
-
i.
Noranda Mines Ltd
Flour
20
48
National Steel Car Corp
Ottawa
Jun
40%
Niagara Wire Weaving
Ogilvie
13%
16%
—
•
Chemical
&
Drug
July
16%
OO
-
National Breweries common
National
30
39
'
Montreal
23%
Jan
39%
•
2,130
190
60
__
July
14
Feb
386
29%
—
Breweries
21%
14% May
50
28%
•
6
50
925
18%
17%
17%
HZ*
McColl-Frontenac Oil
Mitchell (Robert)
Molson's
7
7
Struct Steel common— —*
Massey-Harris
23%
190
1
Co-
Rand
Ingersol
Hubbard
MacKinnon
380
22%
23%
common
__——
Canadian
Feb
16% Feb
25
Feb
189
Jan
69
Feb
30
May
25
14%
.100
preferred
,7%
High
Low
20
23%
14
23%
23%
Dock Co Ltd—
investments Ltd—
Canadian Dredge &
Canadian
Range Since January l
Shares
High
Low
Par
170
20
111
100
——
Ltd
General Bakeries
STOCKS—
High
Low
for Week
of Prices
Sale Price
Range Since January l
Low
Par
Famous
of Prices
Sale Price
STOCKS—
Last
Sales
for Week
Shares
Sales
Week's
Range
Friday
Week's
Range
Friday
7c
May
9c
May
012c
Jan
12c
May
9 10
49c
21c
Fhb
18c
Feb
'25c
Mdr
34 %c
Feb
Tan
5.35
Feb
May
67 %c
Apr
the commercial & financial
Number 4617
166
Volume
^
Friday
Week's
*
range for week ending
j
Last
Range
of Prices
Vow
Stadacona
Sullivan
c0113
1
Ltd
Mines
684
50c
1,500
11c
July
1.95
.2.00'
2,800
21c
•< 21C
500
21c
7c;
500
6%c
14c
__
17<S
71,000
5 VaOi
14,500
1.70 May
Canada Steamship Lines common
Inlet
Villbona
Mines—!
Cons
_50c
Ltd
1
Mines
Gold
Vinray Malartic
Westville
•
7c '
14 Vie
—*
—
__
1
Mines
Wire
Canada
24c
Jan
Class
Bank
Jun
19c
Jan
Canadian
July
20c
July
14c
Feb
Oil Co Ltd.
Ltd
Oils
Calmont
Home
*
B
—
Okalta
Jun
70c
July
40c
May
75c
Jan
3.80
—
4.40
1,720
Oil
Cons
47c
2.2'
68,300
1
Ltd
Co
Oils
33c
1.19
54|
.
30c
*
Homestead
1.12
*
Omnitrans
Oils Co
Pacalta
*
Ltd
—
commerce
2.94
20c
4775
Jan
July
Jun
6lc
May
2.35
July
12c
10c
2,500
Feb
24c
July
7Vic
72,500
preferred
Jun
15c
Jun
Celanese
Canadian
Class
Abitibi
&
Power
$1.50
preferred
Acadia-Atlantic
class
A
Products
Canadian
Industrial
Alcohol
Agnew-Surpass
Oil
Akaitcho
Alberta
—„—ZIIi
.
Algoma
Steel
Aluminium
common!-
of Canada
Amalgamated
Larder
pfd
High
Anglo
Canadian
Cos
Corp Ltd
Arjon Gold Mines
I
Ashdown
103% May
107
Feb
Jan
39
July
35%
j'33
90c
90d
500
90c
Aug
16 %c
20b
1,100
12c
Jan
70
22
14%c 17%c
12c
6,500
1.50
Jan
Jun
26c
37%
39 %
I,360
21
Jan
212%
27%
105
188
Mar
128
26
Jan
74c
July
27%
Apr
1.85
39% July
213
July
10c
1.48
75c
10%$
II,100
6v2c
48 %c 48%C
1,000
7%
'8
43c
Ashley
Gold
Astoria
Quebec
Mines
Athona
Atlas
Mining
Chesterville
15
25 y4
175
1,650
*
class A—
1
Mines
1
Circle
1
Smelt
&
Gold
Electric
Class
—1
Dunlop
B
class
A—
A
Jan
Gold
;
Consolidated
80
1.35
24
of
32,500
Commonwealth
3,050
12 %c 14%e
4,600
May
70c
10c
9%
Jan
30c
26,600
9
v'-'9
12%
200
7,966
;
1.03
Jan
15%
Jan
May
17c
Feb
May
23Vic
150
85
3.35
Jun
1
18c
10c
of
Nova Scotia
10
of
Toronto
18c
19c
May
38c
Feb
Crowshore
12%
Feb
Cub
8 Vic
Jun
'■39c
Feb
Jun
76c
Jan
5.20
Jan
2.60 May
826
33c
4.30
Jan
Metals
Base
&
Mining
Innes
8% July
9
July
13 % Mar
Jan
Feb
16c
7
Mar
10
A——
6,100 '
27%
100
9%C
34%
May
36
140
9%c
:13c
43,500
';;.'1.7
54c
56c
38
25%
1,660
36
34%
33%
17
•
class
May
26c
35c
8,100
30c
Aug
61c
Jan
1.10
110
75c
Jan
2.20
Apr
20
Exploration
B.eatty
"38%
*
Radium*
class A
Yellowknife
——1
Bros
Beaulieu
Bell
&
Telephone
Bevcourt
of
54c
*
—
38
1
30c
28c
100
188
186%
—
Canada—-
145
26,500
5c
May
14 %c
Feb
25c
2,500
13c
Feb
50c
Jun
2.80
3,250
May
2.70
Gold
l
Blue Ribbon Corp
66 %c
1
25c
*
common
66c
Jan
27% May
33% July
35
Beattie
Mines—
Central
'
10%
1
Bonetal Geld
35c
35c
700
30c
May
51c
Feo
9c
9c
5,500
8c
May
35c
Jan
50c
1,400
37c
May
60c
Jun
50c
7
7
7
11%
*
.
6
50
Conwest
1.20
1,319
75
2,300
65c
11,200
24c
Croinor
24c
30c
87
86
88%
1,267
159
161
106
90c
93c
*
—100
152
104
21
Jan
30c
500
28c
Mar
1.05
3,600
69c
May
1.50
Jan
17c
17c
19c
3,700
12c
July
1.43
Feb
1.20
Feb
f
1.05
1.25
4,400
95o
10c
10c
1,500
93/4C May
•
Davies Petroleums
Davis
Leather
18 %c
24c
19,400
8c
95
29
Delnite
Nickel
Detta
Lake
Red
40c
——-1
Lake Mines
Jan
1
1.66
1.75
600
26c
16,900
May
85c
Feb
50c
3,100
30c
May
55c
Jun
39%
Jun
Jan
3,500
C7c
52c
16,350
45c
May
17%
17%
18%
1,265
14
May
*
85c
80c
86c
7,200
75c
May
22%,
23%
915
18
Jan
26%
26%
355
25
Apr
15
15
50
Diversified
common
Mining
——
*
Ltd
40
Jan
23c
20%
Feb
May
91c
July
42
Jun
Dominion
Foundry & Steel
54c
Feb
Dominion
Magnesium
26%c May
182
Apr
771c'
12,800
61c
%c
16,800
191
16c" Mar
10%
7
15
Dome
Mines
Feb
Dominion
Bank
Coal
May
1.35 Feb
,
28 %c
10
—
26%
preferred —,—;——25
Stfeel
Dominion
Inv
cl
May
7
Apr
30
40
Jun
45
—23
pfd
Coal
&
27
350
B
14
15
775
12% May
18
Feb
24%
24%
200
20
27
Jan
24
31
30
14
Jan
Dominion Tar & Chemical common—•
30c
Feb
Dominion
28c
t 30c
3,600
28c
July
44c
Feb
Donalda Mines
5%c
5 %c
5 %c
3,500
5c
May
17c
29
10
Jun
30% July
23%
28
23 v2
—
Woollens
23%
130
23% July
26% May
13%
125
11
May
15
28
1
72c
70c
77c
28,200
64c
May
*
43c
42c
55c
141,900
17c
May
1
1
*.
83c
82c
90c
5,729
68c
May
13c
11c
13c
14,600
lie
July
'
Dulama
Ltd
Mines
Gold
Feb
East
Malartic
Apr
32c
Apr
East
Sullivan
27
Jan
British
Columbia
Class
4%%
Class
class
class
16c
6,500
13c
-26%
1,010
24
Buffadison
120
101
102%
3
—
Buffalo
Canadian
Buffalo
Red
Gold
Lake
20% C
Mines—!
29c
1.15
*
26%
2%
1
;
%'.V<
3.00
29c
&
Calgary
Linen
Callinan
16
Jun
9
230
23,000
2
15c
Jan
Elder
3y8
July
Feb
Eldona
30c
30c
5,400
29c
Aug
48 %c
Feb
33,600
80c
1.55
Feo
3.00
'3.50
May
1,955
Apr
4.75
May
35c
Feb
Falconbridge
May
50c
Jan
Famous
30
V,il
4%c ,4%c
11%
11%
13%
preferred
*
_•
*
28
May
4%c Jun
32%
150
11
Apr
12%
Apr
30
22
July
29
Jan
Flon
24
24%
13
,13%
225
18 c
3;500
29
2.45
29
70
2.30
2:70
13,100
1
Calmont Oils
:
12 %c
Jun
1.50 May
2.45
Feb
3.25
3.25
3.40
7,850
2.70 May
4.75
Jan
1
1
Campbell
Canada
,
Red
Bread
8%C
8c
l
47c
40c
9c
4,500
58b
25,400
Cement
Canada
Northern
3.05
3.10
6,950
69
69
69
45
20
.
,
Canada Packers class A
Canada Permanent
For
footnotes
page
•
42.
100
203/a
170
19% May
21
Jan
60c
71c
27,350
60c
Aug
May
90c
Jan
Apr
57c
May
13,400
1
34 c
34c 37 %c
13,050
20c
12%
12%
35
12% July
2.70
2.10
2.80
13,676
1.96 July
4.15
4.15
4.25
3,498
Shops
Products
12
May
29
1.70
May
Jan
5%c May
24c
Jan
15%
Jan
33c
Feb
32
Jan
2.70 July
17 %c
73c
17%
590
17'
55%
455
49 % May
Feb
2.30
69
Jan
July
3.50
Preferred
Fittings Ltd class A
Fleet Mfg & Aircraft
Ford of Canada class A
Foundation
75
Mar
Fraser
4% May
5%
6
100
105
60
98
May
33/4
33/4
60
2
May
80
6 Va Mar
12%
12%
*
*
Co
—*
•——*
*
*
Gold
Cos
Frobisher
Jun
1023/4
•*
5%
w——
Exploration
25
2%
2y»
2%
800
21 Va
213/8
22
1,635
23%
23%
23%
16c
16c
Jun
Feb
.
—*
*
common
v
12 %c May
17
54
*
—1°
common—.—
Preferred
Fibre
4.10 July
17
54%
11%
2
Jan
May
Feb
14%
Jan
2.80 Aug
5.50
Feb
19%
Feb
67
Jan
9%
134
Jan
Feb
3% July
7%
13%
Jun
Feb
3% July
Jan
23
May
75
23 Va July
26
Jan
1,900
12c ,May
38c
Feb
55
Feb
19Va
50
50y4
120
47% May
2.25
2.25
1,100
2.05 May
20
20
20
10
16 %
Apr
110
1093/4
110
86
109 %
Jun
50
1.36
3.25
Jan
20
July
111% May
19
141
16% May
30
160
30
Jan
31%
Jun
5%
95
52
Apr
62
Feb
General
4%
4%
.575
3% May
5 Va
J an
—
Jun
153/4
16
130
15% May
Feb
Jan
General Steel Wares common-
18%
12
36 Va July
40
Jan
Giant
200
Feb
Gillies
9
*
Mortgaged
see
July
30
53%
Power
40
18%
30
Malting
Canada
3.00
*
common
Preferred
1
50
—
preferred-:
15% July
37 Va July
10°
Grain
Federal
Francoeur
Lake—
B
14% May
190
20%
62c
.
Canada
125
4 0
31c
*
*
1
Jan
375
15%
30c
—
11%
10%
40
Feb
7%c Feb
8% May
10
15%
10 V*
31c
Nickel
Players
5c
——25
-1
Insur
Fanny Farmer Candy
215
1,000
15c
—
Jan
Jan
3,700
Feb
2.50
15c
.
57c
14,900
28c
Gold Mines
24c
—
10,000
10c
1.80
20
Gold Mines
7,000
—
36c
8c
25
*
6,600
30%
35c
1.70
*
Equitable Life
Eureka Corp
Jan
Jan
36c
Jun
1.02 ! 11 19
Jun
1.58
24c
1.70
—*
Mines
El Sol
Y
Mines
Paper class A
Eddy
Jan
Jan
90c
1
1
Feb
Feb
29%
>.26c
——1
-
1st
July
*
Steel
Eastern
'I 19 c
„■"
Edmonton
Flin
5%
25 % July
Mines
Easy Washing Machine -—
Economic Investment Trust
18 c
*
&
13
25
75
'
A—
Class B
Caldwell
100
23c
102% Aug
4ya Feb
3% May
26%c Mar
Feb
1.62
*
:—"
Amphi Mines
Crest Oil
25c
•
Calder-Bousquet
East
18c
♦
class
Jan
26C
*
—
Co
2,750
2%
•;
Apr
Mines
Duvay Gold
1
Burlington Steel
Burns
14%
Duquesne Mining Co—:
*
Mines
Products
Bunker Hill
,4
'27%
19c
"
6uilding
/
14% ,d4%
6% e. 6%
27%
1
Gold
102% 102%
Jan
24
Jun
•
Ankerite
3y8
May
*
Oil—
12% Mar
Eq,st
15%
26
*
A—;
Broulan Porcupine
Buffalo
1.50 July
14c
*
Dominion
9.85 May
15c
A
__
Power
B
British
325
1,200
26%
•
Packers
Columbia
10% ...11
*
pfd_^_100
B
British
11
1
Forest
Feb
Jan
Jan
Preferred
17
Elec
May
Jan
9%
12 3A
Jun
Feb
Columbia
33 Va
275
83/4
Jan
20
Columbia
Jun
31%
14c
\>< ie
British
Jan
17
41%
10
15%
British
29%
8%
7,000
Jan
i
"•
13% May■'
41%
1
v17c
r
May
Mines
Jan
Jun
*
50
—
Stores
11
Oil
Jan
1.34
24
Jun
20
Lake
Jan
Feb
19'/a
*
Dominion-Scottish
300
American
98c
Mar
38
266
1.00
Jun
July
50c
89,000
1.70
May
46c
2
Dominion
32c
?
1.09
1
Seagrams
2,045
Red
Feb
July
Discovery Yellowknife
21%
British
Feb
8c
36c
t
21
Brewis
2.44
1.60 May
16,000
43c
46c
•
com
Jun
Mar
40c
1.00
Red Lake
.5
& Pwr
—
Jan
27c
31
May
—1
Dickenson
.13%
Distillers
2% Mar
28c
50c
1
Mines
30%
8c 10 %C
1.66
1
Mines
Denison
30
—,—*
class A
13
&
Jan
1.00
1
—*
Brazilian Traction Light
55c
1,00
•
1.85
Brewers
Feb
104%, Mar
'
30c
1
Aircraft
1.50
—
Jan
1.49
May
Feb
174%
Apr
81c
Feb
89%
1
Gold
Patricia
*
common
Feb
61c
78% May
4,770
104 v* 104 y4
_
1
Pershing Mines—
*
Cordage
Jan
1.00
July
25
100
Mines
Brand
Brantford
Jan
1.56
Jan
5
Exploration—
Crestaurum
Bralorne Mines Ltd
class A
7%
Apr
1.10 May
1.18
1
Smelting
17
8,100
'
& Mi Hen
Feb
15
Jan
75
1.18
15c
1
Boycon Pershing Gold Mines
Jun
50
15 %C
;
Mines Ltd
Feb
8%
Feb
6
15
_1
Cadillac-
&
Mining
7%c Jan
25
,
1190
25c 27
'
Bobjo
3.45
2.10 May
8%
12 V4
*
Dominion
Bidgood Kirkland Gold
July
26
26
6%c
8%
Feb
19
Jan
'
Bear
Jan
Apr
12
5%
15,100
10c 10 %'c
27%
10
Bates
Jun
11%
July
'
10
Bank
150
7Va Aug
9c
28,700
Jan
3.90 May
425
10
12C
Jan
12V4
1
Gas
Consumers
Mar
20c
100
12%
-•
»
2.80
12%
•
National
May
9% July
7,500
23c.' 27C
150
7%
10c
2.20
Feb
11c
6%
1.45 Mar
1
■;
Coniaurum Mines
8c
.
1.10 May
1.50 May
25
<■
Petroleum
Conduits
Feb
6c
IOC
9c
300
25c
•
Feb
1.30
13
4.55
Bank
Apr
1
41c
4.20
1
„.
Montreal—
Feb
26 ya
May
Distillers
Bank
Feb
15%
5 Vac
6c
1
—-
common
Yellowknife
Consolidated
14q
6
Bagatnac Mines
Feb
106
July
11% May
1.10
1
Coin Lake
Dexter Red
Bankfield
18%
May
104
Jan
Mar
Consolidated
13c
.
Feb
30c
30c
»
Plow
Feb
290
*
Ltd
Co
4.45
Jan
87c
Jan
8,600
0
—
Auto Fabric class
23c
26
3.25
*
———
—.—
13c
„
10%c May
835
3.25
1
Willans
Cochenour
Cochrane
Feb
48c
10%
10 %c
♦
1.90
14%
10c
163/4
37 y2
Apr
Aug
15
10
4,186
7 Va
7%
1
Malartic
97%
14%
9%
-1
115
104
151/8
150
*
Knitting
Bar
Citalam
1.58
_100
—
Min
Chromium
July.
9c
—1
—-
11% May.
25 V*
«
15%
22 Vst
1.35
•
Chlmo Gold Mines
July
43 c
13c
15%
May
60c
13%
13%
1
Gold
Jan
6% May
5,500
13 %c
585
104
25
D'Argon Mines
Aumaque Gold Mines
,
'14 c
—i
15%
__
100
Mines
90
30
525
——*
-
Aubelle Mines Ltd
Auto
.92
1.10
1
Steel
Aunor
90
1.05
14c
1
;
——
Jun
60c 65 VssC
Wines
90c
60
90
1.10
14%-
Feb
100
143/4
Mines
Cockshutt
1.90 July
July
8%C
ilO
20
Jun
10
23%
Railway
Trust
Chartered
Feb
1.90
19c
Jan
80c
27,700
1,000
97c
75c
•
A
Jun
98%
15
common
Corrugated Paper Box pfd
class
16
40
Feb
32c
May
3,000
1
Hardware
35
99 %
13
Jan
15
23% Mar
Jun
20
8,700
Armistice Gold
20
17%
98%
May
104 % 104%
1
13
17%
—
25c
70
lie
.
13
17%
July
21%
•
Jun
15c
Chesxirk
——100
Feb
25
500
Chateau-Gai
78c
—-r
43
July
18C
Feb
10c
common
67%
Mar
24
18c
Jun
'
Warrants
May
40
1
21% Feb
—1
Preferred
55
20
150
26c
Consolidated
Argus
135
24
July
43%
__
62
40%
24
13c
22
1
Feb
60
40%
24
6,200
14% May
75c
Aquarius Porcupine
Feb
2,500
36% July
27
Jan
19%
17c
17% May
1.55
60
Jan
July
1.70
105
10c
-
17,
14c
4,010
75c
—
105
1.56
4,175
205
Oil
,17 Va
Jan
26
1
Colomac
Anglo Rouyn Mines
Apex Consolidated Resources
17
—
26
29%
Patricia
>4
1
-
Apr
Centremaque Gold
High
Low
—100
1
Mines
American Yellowknife
Mar
20
Porcupine
18%
——*
4%
26
310
May
Central
36 Va
39%
—*
common
Ltd
Aluminum
Jun
160
21
Feb
26 Va
Central
Range Since January 1
21
15 %c
1
Mines
20
26%
21
6o0
Coastal Oils
Alger Gold
21%
26
23%
Castle Trethewey
Shares
90c
Cons
21
*
Wirebound
Canadian
16 %c
Yellowknife
Pacific
23%
21
•
Pacific
17%
39
—„
23% May
Apr
26%
A—*
com
preferred
20%
—
22%
•
common
Locomotive
36 y4
——100
Preferred
275
Jan
87
*
17%
—
May
100
20%
—^
19
21
2,160
25
A
20%
•
20
—20.
Paper common
preferred
$2.50
170
555
25%
*
common
Preferred
5%
for Week
of prices.
Low
Par
23
22%
25
—25
Canadian Food
Canadian
Sales
Range
Last
Feb
49% Mar
.
.
Week's\
Friday
Sale Price
22
22%
.—20
pref :
Canadian
STOCKS—
72
25%
*
preferred
$1.75
Canadian
Exchange
Canadian Funds
225
_«
:
—
Canadian Malartic
Toronto Stock
80
High
17
20
preferred
4 %
1.12 July
9,700
194
43
12% May
22%
■;
17c
18c
*
Exploration
July
48c
53c.
*
1.27 Mar
500
2,000
54c
--
Oil Co Ltd
100
1.90
54d
—
40
75
*
ot
Canaidan Car class A
1.80
1.80
—
1
—1
—
Gaspe Oil Ventures Ltd
135
44
July
May
Apr
•
Canadian Canners common
1st
'
Anglo-Canadian
14%
44
July
5c
Low
•
13%
10
A
Breweries
14c
Range Since January 1
High
•
class
Cable
&
Convertible
Stocks—
Low
„
50
July
•
Oil
Shares
•
Preferred
Canadian
Surf
for Week
of Prices
Par
78c
Jan
20c Mar
2.80 Jan
May
12c|
l2Ci,'
Sales
Range
Sale Price
STOCKS-
High
Low
58c.
...
Week's
Last
High
58c
—
1
Ltd
Mines
markets
Range Since January l
5c
1944 Ltd
Mines
Gold
58c
39
august 1
Friday
Shares
Par
Standard
(499)
Sales
for Week
Sale Price
STOCKS—
listed
canadian
'
chronicle]
55-
9%
170
38
196
38
200
196
196
88
'8%
188
Jan
23%
Jan
Gatineau
Power
common
100
preferred
Bakeries
Yellowknife
Lake
Gold
Mines.
6.00
6.00
6.15
3,600
10c
10c
7,000
5.40 May
10c
July
7.15 Mar
20c
Jan
.
40
FOR WEEK
RANGE
Friday
Week's
Last
Gold
Globe
Oil
God's
Lake
1
-—1
-—
—_
of Prices
Gold
Goldcrest
Mines
Eagle
Gold
Golden Arrow Mines
Goldhawk
Mines
Goldora
Mines
uolQvue
Tire
Grafton
&
Graham
New
A
Ltd
Co
Harkcr
100
24 %
20
Heath
Mines
Yellowknife
Gold
•
10
27
15%
15%
7%c
Inglis & Co
.'■Inspiration
Infl
*
6
—
class
Mining
;
Nickel
Co
30
Preferred
Gold
Waite
33 Vi
4.75
34%
139% 139Vi
Mines
•
\
Mints
Joliet
35c
Mines
Quebec
1
37c
'
*
Kayrand
*
r
»
____/
Mining
Kerr-Addison
KIrkland
Kirkland
Labatt
Mining
Laguerre Gold Mines.
Lake
Fortune
Lake
Rowan
Gold—
(1945)
Lake
Shore
Wasa
Mining
Jan
Norseman Mines
Jan
North
12%
La
Preferred
Jan
Apr
30
12%
Jan-
15% July
Jan
15% Mar
7c
9
24c
Jun
ll
May
Feb
103
Jun
-
4.75 July
«
104%
139% July
Jan
35c
16%
May
.pitch
15c
July
■
Jan
19c
7%c May
8c
Jan
90c
July
Osulake
55c
Feb
Pacific
July
9c
Feb
Pacific Petroleums
33c
July
60c
,33c
May
95c
Jan
,
Page
May
12% Mar
_
16c
7,150
14c
2,000
50c
July
1.96
1.95
2.05
24%
24%
24%
4.85
4.85
14%c
595
2,950
20,200
5.00 *
16c
23
Jan
1.05
2.22
Jan
1.33
24,989
16c
'46c
May
"55c
July
26% Mar
July
Cadillac
Porcupine Peninsular
61c
14 %c July
Feb
Porcupine
5c
5c
1,000
4c
Apr
15c
Jan
18c*
15
5,700
17c
July
33c
16%
90c
1,800
89c
__
13%
905
•
83c
2.90
Pressed
Jan
Jan
Proprietary Mines
Purity Flour Mills common
Jun
' 5,400
5,000
4c
MacMillan
sdadsen
Gold
East.
Consolidated
Malartic Gold Fields
Manitoba
&
18
21 Vi
Feb
2 Vic May
4%c
Jun
1.40
Jan
1.16
12c
May
63 c
May
1.18
2,100
1.22
*
1.57
1.55
1.65
•
30%
2.9%
30Vi
27%
27%
27%
4 900
.
"
.
'34c
Jan
1.32 Mar
1.90
2.40
1.45 May
Reno
Marcus
Gold
Richmac
33%
Jan
Robertson
31%
Jan
Rcbinson
1.90
16 900
3.60
1.80 May
Class
Feb
20c
20c
21c
2 400
16c
May
39c
Jan
9%c
12c
1,100
9c
July
28c
3.25
3.40
935
2.50
2.54
4.20 Mar
3.05 May
2.65
10 590
13c
13,300
11 Vic Aug
I
1.55
1.50
1.60
2,700
1.30 May
20
21%
.1,350
15% July
3.10
3.20
3,300
2.80 May
4.85
20%
1
3.15
,
.
_
Jan
39c
2.25 July
11 %c
—1
43c
43c.
1
1.70
•
1.68
2%c
•
20%
12.
__
*
.
For
___1
footnotes
see
page
«/>»'
1
50c*
•'
7,500
1.70
2^750
3c
6,200
'
30c
May
1.50 May
2%c
Jun
21
165
20 Va July
13
165
11 Vi May
42.
•
__
5 Vic*
1,000
53c
55c
5,700
9%c
9%c„
2,000
,5p
5c
1
Mines
22c
25c
1.52
1.56
54
Jan
July
83c
Jan
12c
Jan
33c
July
6,500
18c
21c
2,000
8c
..
6%
:
»•
—
65c
—
1.16
.
.
,
44c
8c
34c
May
16c
Feb
6,100
24c
Jan
48c
Apr
9,000
5c
Apr
-
6%
27c 56c
'
-
10c
.
:
-
,
96c
1.40
L_
7c
—
3.75
—
37%
95c
.
Feb
21% July
3.95
59c
2.45
Feb
5 Vic
—
—
Jun
14%
Feb
5c
Jun
50c
May
,.8%c May
1.15
-
-
4%
450
36,067
2.26
Jan
Feb,
July
7
15c1
65c
Feb
15c
May
Jan
,1.20
Feb
825
27% July
33%
Jan
5,650
1.18 May
2,100
.
3,700
*
1.70 Jan
Feb
1,000
6c
May
20c
6,000
10c
May
23 %c
Jan
42c
July
57c
Jun
8c
May
29c
Jan
90c
July
6,200
-
8,000
„
;
1,000
66c
1.00
16%
4.40 May
3.25 May
900
Feb
1.31
3.30 Feb
2.30 May
290
3,000
25c
May
45c
2,800
1,840
27c
May
43c
33%
,
75c
Feb
Feb
1.67
May
13% Mar,
9% May
100
Jun
July
39
Jan
1
300
45
</936)
_
*
—
Mfg
Cotton Mills
(Little)
common
A
——
Gold
Rochette
26c
He 11c
23c24%c
24c
24c
,
45%
47
11V2 11 k
8
6'
16% 16%
7c
7c
47
*
*
*
*
1
Roxana
—_——
__
—
—
--
29c
40c
40c
42c
-—10
23 %
23 ,4
23%
18%-
18% 187/a
16c 16c
Royal Bank
Royallte Oil
I
Roybar Chib Mines Ltd_^
Russell Industries common
*
1
•
•
—
,
;14V'2
*
A preferred ——
>_5o
St Lawrence Paper preferred-—i—100
Lawrence Corp common
Gold
Sand River Gold
San
30c
28c
Gold Mines _—_——1
Co
•
Merger
Oils
33
33
—
.
—
Antonio
15 15%
-
.
4.05
•
■ '
-
--
2?c
1
Mines
Ltd
___lL
Jan
Senator Rouyn
Apr
Shawinigan Water & Power
1
*
,
—
.
.
.^14 A.
134
-
-
1
1
Mines Ltd_>
15
14%
•
'-L".
v
-
•
Jun
84c
-
54%
60c
95c
16
Feb
70c
5%c May
,
%c Feb
75d
,
Feb
13
—
10 %c July
18c
*"
5
98c
16
Feb
July
May, '
6,542
54 %
23"
July
81c
45c
12
2,12
.
Feb
22 V2
22c
July
18
July
15
15
13% 13%
12
1.95
—
2.02
24c
May-
9c
Jan
1
May
13
220
s
39
95c
Jan
July
7c
-
/Jan
19c.
,
6,100
*
33c
31c
38'/a
95c
May
'
3.75
30c
30c
21c
May
6c
2,500
90c
2.57
__
Feb
Apr
2.35 July
;
136,450
.
1.467c
3.75
14c
2,500
7f
90c
2.45
Jan
J
49,400
11c
46c
8c 8%c
—
Jun*.
40c.
4,500
I0V4C
42c
—
46c
,
1,600
,60C
-
2.67
1.77
1.80 May
9,900-
26c
1.07
2.45
Feb
2.25
Aug
-.
10%e
43c
.
Feb
56c
3,000
.
9%c 11 %c
25c
26c
95c 1.05
•
-
.
76c
July
-
?C
94c
9%c
•
1
May
52c
444,'850
16
16
—.
.
25c
-
2.25 '
' 65c .
2.20
18c,
17cl9%c'
18%
16
Feb
6% May
8,600
7%c
7c
Jan
6
10,200
,
.
,
150
10c
37/a Jun
5% July
100
4%
1.10
15c
,v
7c
Feb
July
7c
2.07
2.10 >
•
-
Jan
18c
4,000
,
5%c
4%
6%
25c
52c
-
2.05
1.32 May.
7%c '
7c
32c
.
Jan
3.25
May
25c
26,600
1,500
—
Jan
2.10
Jun
43
-
1.158
1.52
Feb
Jun
Jun
11 %c
Mines
—
—1
--73c
1
-/
Riverside Silk class A
23
—___1
Gold
45%
30c
1
Gold
26%
1.80
1.25
820
1.50
44
27c
40
Gold
Sannorm
Martin-McNeely
1.40
44
4,000
1.32 May
2.15 July
Feb
15
July
14% May
12%
100
Mar
55
Jan
54
May
2 ,"6 00
60c
July
4,725
64c
1,671
17,800
1,000
24c
80c
Feb
7c
Jan
15c
"Feb
4,500
23c
July
47c
.
1
1.20
Jan
May
1.14
Jun
13% May
21%
Jan
*
355
9%c
Maple Leaf Gardens—.-_
Maralgo
6Vic
1.40
---*
10
Manitou Mines
245
'
.
1
Maple Leaf Milling
Jan
10 %c
Feb
Jun
4,000
;
Jan
13c
•
130
500
23,400
Eastern
17c
Quemont Mining
18'%
2%c -2%c
__
73c
Gold
Dome
Preferred
St
Magnet
May
5%c May
1
17c
Mines
6c
1,200
—
Queenston Gold Mines
18 %
__
*
Lake
12c
6Vic
__
Jan
6c
68c
Export
Red
May
17c
6c
13c.
Mines
1,100
May
6c
__1
Gold
Feb
7c
7c-
__
May
30c
1
MacLeod-Cockshutt
Jan
65c
9%c Jan
r
Jan
•
____
12 %c
May
5c
50c
27c
1
Macfie Red Lake
May
30c
i
1
Metals
Jun
7.25
Feb
22c
69c
MacDonald Mines
;
4c
8,900
1
Gold
4.50
July
5.70
100
308
13c
Mines
5,500
39c
_•
Rouyn
Rouyn
Macassa
Gold
Reef
1.25
Jan
May
27c
1
Mines_______
5%c
34c
Jan
14 %
__
Powell
2.55 Mar
4%c
11
1
—
River
Powell
Jun
28
Jan
1.82 May
34c
1
1
1
Mines of B C
Feb
18c:
__
18c
26
10,150
July
Feb
26%
22% May
75
27%
1.98 *
Jun
36
Feb
45
7
1
Mines
Pioneer Gold
'
29
270
v29,%.^ 29% 30%
Crow Gold Mines
Pickle
40c
17 %c May
1,500
„
4%c
•
1
Porcupine Mines Ltd_
Pandora
Jan
1.84
1
6.20
3.40 May
______1
Yellowknife Gold_.
27%
Tubes__"___^__i._
Hershey
Pamour
14c
•
Gold
Lunward
Lynx
Apr
8%
•
1.92
Jun
1.20
Louvicourt Goldfields
Gold_.
(Eastern)
July
Robinson
!}
:
—
6c
1
Mines Ltd
Groceterias class A
—1
Jan
3
Class B
12%
—
-
,._1
1-
—
14c
50c
__
_1
Little Long Lac Gold
Loblaw
Jan
5
22c
81c
—1
,57c
59c
—____—*<6%
Car
Ottawa
Pacalta Oils
1
Gold
Jan
13
Jan
1
Lingman Lake Gold Mines
Jan
19%
May
24
1
Mines.
Mines
Lake
Paramaque
2.90
Lexindin
14
May
10
36
—•
Paymaster. Cons Mines
Pen-Rey Gold Mines
Perron Gold Mines
2,405
_
6.50
Mines, Ltd______
Jan
17
31c
•
——
Jun
6.50
Gold
13
10
30c
——1
Lake
Red
Osisko
Feb
Jan
Jan
155
139 % July
Orlac
.112%
25c
37c
'
140
__
<___
Gold
Orenada
July
11
23%
—■—_______——1
Crush
Orange
Jan,
37%
Jup
4
13%
35%
—;—
^
Omnitrans Exploration
4.75 July
.
32%May
July
27 Va
17%
Jan
31
Mar
Regcourt
t
i
Malartic
Omega Gold
26
74 % July
440
13
__
.*
Ogama-Rockland
O'Leary
Feb
11
23%
I
Mines
Gold
O'Brien
Feb
22%
16% July%
17Vi
55c
16%
2.90
Candy
May
9%
1
Mines_
15%
.
*
Secord
May
15c
9%
common
Okalta Oils
Jan
85c
8% July
53c
•
.
<
Rouyn
Norzone
New
Jan
'lOVa Apr
May
.
Quebec
Laura
14c
1,700
__
♦
5
14%.
__
*
Lebel Oro Mines——
2,400
18c
Jan
1
Mines
16c
18c
15c
__
—1
Jan
Gold
"V"
Larder
3% May
__
Mlnea (1940)
Northland
Mar
55c
I
Lapaska Mines
10
1
24c
Mines
Luz
26% May
72c
July
43c
Jan
12%
Preston
Lamaque
75
•
17Vi
1
Gold
Inca
6VsC Aug
*
Mines
Lake
13C
21c;
1
'
May
30,200
1
1
& Exploration
Jan
1
Norpiek Gold Mines
Feb
23,500
1
(John)
Labrador
May
414
__
*
Mining
30c
1
■:
16c
—1
Corp
7Vic
•
Lake
Nordon
25c
14%c
1
___:
65
15
44
__
1
Malartic Mines
6%c
,
Gate
Golden
695
•
7%c
1
Kirkland-Hudson
74%
440
27 Va
5
—
27%c
1
17 Vi
73
440
27 Vi
__
*
"
Mines
Norbenite
'
,
!_1
Gold
Kelwren
35c
40c *,
35c
36c
■
16 Vi
495
43c
_i
45%
13%
1,166.
4,050
.7,625
Jan
3,595
43c
1
j.
Jan
25
11,300
,
18
7%
40
475
Feb
22
2,500
v
Jun
15% May
8%
17
North Star Oil common.
.
Jan
9
•
Mines
Noranda
Jan
47
19% July
11c
l€c
28%
May
May
21% May
19% May
1
Mines
Nipisisng
Feb
11% Mar
4,700
8,000 "
6%c. 6%c
'
,
Mirfesf.Ltd
Joburke
'
_——i;
64c
4c
•
Jellicoe
Jun
,
16% May'
Mar
18c
17%
45c
8%
__
1
Gold
Gold
Normetal
,4,655
t
5
10
Yellowknife
Nib
Jan
July
29
10c
14c
15c
1
;
8c
*"
.
1
—
*40c"
__
38c
9%c
10c
I
t,
13%
.
19%
•
.>
Marlon
Newnorth
4.80 July
14c
July
30c
200
.1,916
200
.
Jun
19%
19%
*
class A
Bidlamaque
New
Feb
11%
Jan
7c-
465
40
13%
13%
•
______
Mining
2.75
230
90
2,900.,
33
,
37c
25c
Pipe
Car
Mines
Nicholson
,
30
103
4,000
July
..'4,500
4.75
•'
_________5/100
International Uranium.-
.
9%.
9
58c
103
103
95
6,724
420
8%c
9%:
.9.
55c.
29%
*
___1
common.,—*
International " Petroleum
Jason
55c
_____„100
Preferred
International
Jncknife
...
....
,
>
A
International
Jack
9%
;
1
Mining
Metal
7%c
1,
Gold___
Lake
Indian.
,
27
15
15
__
15V8
15%
Ingersoll Machine Co
18c
25
10
Bank
Jan
12
Imperial Oil
*
Imperial Tobacco of Canada ordinary_5
Imperial
8c
9.50 May
20 %
11%
33c
«
Trust
Negus
Jan
10
20%
National
18c
310
130
20%
Feb
May
40
100
paid
Feb
Steel
8c
350
8,000
__
20 %
Erie
Jan
30c
30c
♦ ;
^
Sewer
New
445 Vic
B
&
10.50
Feb
43
4%c
12%
7.90 May
♦
B
Jan
1.40
May
25
12
4,944
__5
;
A
Petroleum
Mar
50
6,350
12%
class
National
89c
27 %
32c
*
^fd
common
National
97c
27%
30c
—
Class
Feb
Jun
—
.
8.30
Feb
1.49
58c
34c
44
Hunts Ltd class A
21 %c
July
23 %c July
30c
v
1
May
15c
7c
—
Hosiery
35c
16,085
1,600
6,900
1
:
3.85
Apr
May
31c
*
1.
.
Grocers
National
Apr
96c
4.95
9c
:
1
Mining & Smelting
Malar tic
Class
800
1,000
4,000
1,131
4.15
Hudson Bay
Huron
35,200
13c
——1
Mines
Howey Gold
Hugh
32c
60c
60c
8Vic 8Vic
13c 14%c
10 10Vi
-
8.20
1
Chemicat
&
National
18c
7c
1,600
24 %c
Drug
Jan
12
12q May
1,000
Jan
8.25
1
National
1,500
__
*
5
Smith Paper common
Howard
7c
3%
*
Lac
Long
National
80c
2'A Mar
Mar
18
3,011
8c
Mosher
65c
9,500
15% July
440
Mylamaque Mines
May
82c
Jun.
30
700
74 Vi
«
Feb
May
8%c
Apr
20,500
25
Feb
15
7c
5%c
11c
15%
2%
•
Brass
Morrison
47/a Mar
9 Vic May
14 %c
16 % July
2%
•
prererred
4%
9%
35c
1,300
15%
__
_100
B preferred
5.50
May
Feb
Feb
Apr
May
30c
v
2%
*
Corp common
Class
Jan
16 Va
May
6
80c
29c
•
i
2
13c
1
1
Moore
4.25 Mar
16%
8 Vic
»
Montreal Locomotive
Jun
May,
4,900
12,600
16%
1
Jun
,
55c
35c
9%c
*
Porcupine
10
9% May
1.00
A-
Works
Tool
10% May
100
8c
Containers class
47%
Jun
53c
30Vic
July
17
July
94o
62c
19
47 %c May
16%
1
:
^
9%
10%
1.00
Oils
Modern
29% Mar
Jan
54
368
Jan
Monarchh Knitting common
,13
25
13%c13%c
Corp
6% May
5,600
.
Mining
Model
Apr
,
150
"
Modern
13c
'
1
Oil
Kosco
37c
1
Bell Mines
Hiehriage Mining
Eighwood Sarcee
—
Hoilinger Consolidated Gold Mines
Homer
35c
Jan
55%
30% July
104 % July
17 %c Jun
62
Jun
Jan
6%c Jan
•
Feb
Brick
Feb
45
23%
_♦
Milton
lie
113
Aug
101
10
"
.*.
Feb
210
7c
1
____________
13c
61 Vi
Jun
9
220-
*
__T
Oil
16c.
'V
200
8
17%
*
82c
185
2,500
__
32%
1
Mills
Mid-Continent
21%
4,200
4.85
1
Red Lake
Highland
Home
3 Vic
—
1
29%
103
12 %c
60%
__
61
1
Gold
Lake
Jun
10%
1
4
.
28
103
__
5
Midland & Pacific Grain
13% May
1,090
17%
__
*
Mines
15%
Red
Feb
Moneta
5
10
4.50
35c
1
;
9%
9%
3%c
4.85
*
*
—
45%
15
__
1
27%
9%
28
0
Red Lake
McKenzie
McMarmac
Mercury
Jan
10c
3,648
370
1674
7%
1
Mascot,
Heva Gold
45
15.
;
110
29 %
9
9
*
Porcupine Mines
19% May
5
9%
9%
•
High
21% Feb
32
Feb
11
Jan
18 Va
29%
__
..100
:
McDougall-Segur
Jan
43c
July
95
500
9%
__
*
Mines
20
10c
15
16
___1
Gold
aeuie.v
20
10c
__
*
Hasaga Mines
Headway
5c
,
Preferred
18%c Jan
4%c Jan
24%
_
Gold
May
*
Gold
iiarricana
May
24%
_
Carpets
Harding
22c
7c
17c
24%
•
Low
14% May
17Va
17%
•
A
McColl Frontenac Oil common
Jan
3.30
74c
527/8 July
—
Gold
1,300
4,500
July
class
Grain
Mclntyre
July
2.05
120
Cotton
Rock
8Vac
23c
8c
1.98 Mar
12c
53 %
com
Bridge
Hard
19,000
5,85o
12,312
Range Since January 1
605
High
Low
•
Jan
22c
*
Hamilton
Jan
50c
53
„
Gold
Mines
23c
14c
18c
2.05 2.21
12c 14%c
__
Shares
20
Preferred
McCabe
Aug
53 %
;
Hamilton
47/a July
14c
10,500
370
Gypsum, Lime & Alabastine
Hallnor
July
5%c
97
preferred
Preferred
Halliwell
Feb
30c
__
__1
Felt
22c
Jun
*
Bousquet
West
Apr
lie
95
Great Lakes Paper new common
Great
Jan
16c
,
97
class B
class
Co
63c
50
„
Gordon Mackay
Jun
57c
5%c
1
common
Preferred
July
*
Goodfish Mining
Goodyear
Jun
3c
47c
42,725
3,000
21,000
2,500
57/ac
1
1
1—
for Week
•
Massey-Harris common
Feb
9c
1.05
16c
17c
57/8c
90c
16c
15c
—
15c
2.12
13J/2c
Range
of Prices
Par
High
Low
3,000
61,100
91c
1
Range Since January 1
3 Vic
67c
15 Vic
1
•
Mines
Porcupine
Manitou
Golden
Shares
STOCKS—
High
3c
54c
—<
56c
*
1
1
1
Gold
Goidale Mines
for Week
Low
Par
Sales
Week'3
Last
Sale Price
Sales
Range
Sale Price
STOCKS—
Glenora
EN,DING AUGUST 1
Friday
"
1
MARKETS
LISTED
CANADIAN
4,1947
Monday, August
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(500)
134
4D5 4.05
r,Ier,~,/
22 23 %c.
36e 38c
22% -22 A
Aug
100
32%
240
40
May
40
11
38
May
10
100
6%
Jun
47
5c
23,049
28c
18,950
July
May
t.
Feb
*
,
1,040
14%
2,000
16c
650
1,170
300
30
310
Jan
21
9%
45c
3.25 May
t, k
Jan
Jun
;
15
Jan
Apr
■
l.,03, Jan
July
32% May
s
Feb
25
Apr
117
.1 <.
58c
Apr
11%
u
Feb
12%c
May-,
40c
22%
Jtln'J
f
vl9;
.
500
260
Aug.
,
14
.10% May
Apr
16% July
Feb
Mar
,
Jun
July
15'A July
.
45,. July
135
July
4.50. Jan
500
6c
July
13c
Feb
17,500
16c
May
27c
Mar
3,200
31c
May
64 c
Jan
25%
Jap
GO
22% Jun
t
LISTED MARKETS
CANADIAN
FOR WEEK
RANGE
(501) 4f
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4617
166
Volume
EN.DING AUGUST 1
Friday
Friday
Shea's
Sherrltt-Gordon
Gold
Sicks'
vtc
Breweries
14%
33c
35c
13
26%
26%
_
__
_
-
1
—
19% May
--
Slater
(N)
Southam
pref.
23%
485
40
50c
2,650
45c
May
68c
800
40c
July
54c
Feb
104
Springer Sturgeon
Class
Stadacona
18
Weston
(1944)
Mines
57c
59c
7%
7%
10
7 %
7%
250
•
Standard
Paving
common
—.
A—;
class
Radio
Steel
Gold—
Olsen
20%
21%
5%
5%
5%
7
100
62c
62c
2,200
•
78
77
—_25
80
80
Canada common
of
Co
—
Preferred
_
_
*
Mining
Rock
Steep
Sterling
—
Coal
—
_
—
9%
1
7%
27
27
104%
95
76
July
83
common
(George)
•
100
common
common
July
89%
Jan
He
July
3,590
Toronto Stock
1.75
460
9
Mar
7
110
Jan
15
1.91
"2.00
20c
23c
11,800
19c
£
Mar
British Columbia
1.98 May
2.75
Jan
1.00
100
27
27
28
75
5%
5%
75
3.75
3.90
3,088
3.20 May
1.35
1.35
500
1.20 July
3.75
1
—
—
*
May
Co
Brown
5%
6%
Jun
common
*
1.40
Jan
35c
42c
3,200
33c
May
19%
15
18-
Feb
%
Feb
65c
Resources
,20c
500
18c
May
30c
11
July
12
•
Class
Class
ciass
I
—
18%
18%
19
30
46
46%
120
6%
7%
660
13 %c
15c
2,050
—25
7%
Oils
United
Steel
footnotes
see
■'
-
May
3
May
5
430
2
214
400
138
10
1.75
2%
Apr
3%
Feb
17%
19%
5,978
14% May
19%
Feb
35c
56c
5.300
32c
Jan
72c
Jun
2414
24%
75
13%
Jan
26
Mar
22%
24
60
19%
Jun
24
July
19%
14% May
20
July
35c
.
__
.
Feb
Price
7% May
1
2.15
2.10
2.22
9,199
2.00 May
49
53
3,998
41
May
20%
20
21%
27%
27%
160
5c
'
Jun
5c
1,000
4%c May
8c
Apr
2.20
2.20
200
2.10 Julv
3.40
Jan
63%
50%
—
.
I
1
Southwest Petroleum
Feb
Temiskaming
Jan
Yukon
EXCHANGE
r*
i
Section 522 of the Tariff Act of 1930,
RATES
CERTIFIED
52% May
945
23c
Jan
42c
Jun
30c
500
22c
Jan
45c
Jun
6%c May
12c
Jan
7„%c
1,000
1.24
1.24
200
1.24
1
"
I.
the Federal Reserve Bank certifies
world.
(In
daily
We
thousands of dollars)
TREASURY
TO
BANK
1947
25,
TO JULY
1947,
31,
INCLUSIVE
Monetary
19,618,179
fund
Redemption
R.
F.
for
Value
States Money
United
in
gold ctf.
Total
Other cash
July 26
July 25
July 28
,
.297733*
.251247*
'Official
$
$
.297733*
.297733*
.251247*
.251247*
$
.297733*
.297733*
I
$
July 30
July 29
S
Argentina, peso—
July 31
.251247*
.251247*
3.208953
3.208953
3.208953
3.208953
.022809
.022810
.022812
.022812
.022817
.054406
.054406
.054406
.054406
-——
.
Brazil, cruzeiro
.
V
—
—
1.000000
1.000000
.920703
-
«
'
•
.924687
.9202S4
1.000000
1.000000
'
.919765
.921093
'
.569800*
Denmark, krone
:
.569800*
.569800*
.020060
—
—
—
.020060
.020060
:
Closed
4.027031
.569800*
*•'
.020060
.020060
.208621
4.027031
-
.301704
•
.008406
.008407"
.008407
.301692
.301704
.301692
|
j Official_-i
}
i
.205753
.205753
Member
.377431
.377431
U.
.377442
New Zealand, pound
i Norway,
"
1
—
Spaing Peseta
,
.
.
'
.
——
3.221833
1.000000
.918333
.917500
Closed
3.221833
3.221833
3.221833
.201596
.201596
.201596
.201596
.040147
.040151
.040141
.040182
.091324
.091324
.091324
.091324
.278264
.278264
.278264
.278271
.233628
.233628
.233628
.233628
4.007500
Closed
4.007500
.
.658300*
.658300*
Controlled
Noncontrolled
—,
bank—reserve
Treasurer—gen.
S.
Total
Deferred
deposits
availability items—
incl. accrued divs.
Total
♦•Temporarily omitted.
31,903
54,326
.
16,353,942
704,622
587,388
648,796
18,294,748
4.007500
44,399,438
liabilities
.562620*
.
.562544*
192,501
439,823
27,455
46,786
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
Total liabilities & cap. accts.
**
**.
.
.658300'
certificate reserves,' to deposit and F. R.
note
**
**
29,600
—
+
—165,237
+
46
2,216
,
+ 208
579
8,902
—
109,598
+
—234,547
+
249,587
+
168,242
+
292 880.
2
6,10i0
—
130,699
+
954
—
3,460
—
480,869
+
—
171,48k
+
362,758
+
191,372
—
.+ '•■
236,152
70,951
+■
388,939
196,589
77,989
+
+
1!87
+
3,164
+
207,176
+
417,11)8
—
2,019,009
12,936
Capital Accounts—
Capital paid in
.562040'
of
gold
liabilities
combined
liability
on
for foreign
respondents
Contingent
purchased
•Nominal rate.
acct.
acct.
Other liab.,
Ratio
| Uruguay, peso—
i
—1,788,565
2,585
4.007500
•
H
303,783
+
—1,275,966
226,300
—
—
3.221833
.
.040154
4.007500
Africa, pound
,
1.000000
.922291
.233628
Sweden, krona
Union of South
1.000000
.918125
' .278271
—
! Switzerland, franc
i',
1.000000
.091324
——
—
+
24,072,745
Foreign
.201596
krone—
Portugal, esoudo—
—1,623,979
45,106,003
Other
.917916
—
.
311,284
Deposits:
.205753
1.000000
—
Free—m
+
—-
Federal Reserve notes:
.377531
•
89,113
—
+
,
assets
.205753
.377552
550
33,789
j
Liabilities—
.377552
■-.
252,784
58 500
—
assets
.205753
—
———
Newfoundland, dollar—
■
loans
premises
Other
Total
.301717
'
—
134,347
+
—
22,124,402
102
128,915
2,204,265
and securitiesforeign banks—_
F. R. notes of other banks—
Uncollected items
—.•_■
Bank
2,185,634
36,404
—
22,011,672
securities-
from
4.027031
/
— _—
7
—
+
—
+
.208621
v4.027031
.008407
.008407
„—
,569800*
'
4.027031
_
(Metropolitan) franc
| Jndia (British), rupee
j Mexico, pesoJ
j Netherlands, guilder—
'
.208621
.208621
.208621
—.
j England, pound sterling
1,988
7,494
—
6,599,766
369,300
725,690
—'——
Bonds
—
Czechoslovakia, koruna
67,266
+
.—r
93,336
—
(
Certificates
Due
'
14,316,916
Bills
Notes
•
1.000000
j; + Official.—.
20,291,115
270,975
111,007
1,723
4
+ 2,278,
8,97p
!
Acceptances purchased
U. S. Govt, securities:
Total
-
h
—
Total U. S. Govt,
Canada, dollar—
$
50,734
—
.054406
Closed
3.208953
Australia, pound—
reserves
—.
and advances
Industrial loans
j
Discounts
'
6
1946
118,000
672,936
for Cable Transfers In New York
Buying Rate
Unit
July 3U,
J
1947
*
+
;
(—) Since \ (
$
Assets
OF 1930
UNDER TARIFF ACT
) or
Increase ( +
Decrease
July 23,
July 30
1947
Noon
j France
(
,
Combined
Reserve Banks
notes
I
•
1.45 Jan
1.15 July
Statement of Condition of the 12 Federa
'Gold certificates
Colombia, peso
67% July
110
42c
t
- •
cable transfers in the different countries of the
FEDERAL RESERVE
BY
JULY
i
Feb
page 42.
Secretary of the Treasury the buying rate for
Belgian, franc
30
Apr
65%
7%c
1
Consolidated Mines—
21% July
27%
30c
~
Mining
15% May
2,000
42c
---*
Investment
Jun
2.65
»
Jan
20
_—
10
1,710
Feb
55%
25
Bros
Southmount
8%
3.00
30
27%
common
21c
8%
Jun
Jan
23
8% July
Jan
1.90
23
Pend Oreille
Feb
300
3.410
2.70
give below a record for the week just passed:
:
2%
2,850
2.60
2.70
Selections
Oil
21
6%c
Jan
Jan
19
—
Minnesota & Ontario Paper
49%
Apr
5% July
8'%
Pursuant to the requirements of
and
3
152
Jun
——~,—-
Ogilvie Flour
f
Feb
25%
Jan
130 % Mar
•
"
—*
*
<w\
Country
21
Feb
Feb
July
July
18%
'
Foreign Exchange Rates
H
.
2%
2
•
.
——
Paper
Oil
17% Mar
V?
C-' 'FOREIGN
'
67% May
94
100
Lumber
Oil;
42%
,
to the
43
138
Hayes Steel
Jun
30
Jun
■■■9P
ML?
100
3,780
23 %
2%
—~—
'
Donnacona
Jan
21c
•
Upper Canada Mines
59
5%
31
64
5%
£4
May
87
__
—50
•
United
For
30
•
A
High
Low
26
22%
Feb
,10% Feb
May
30
10
30
Mar
Range Since January 1
100
59
4%
Aircraft common
Disher Steel preferred
Feb
16
8% May
8c
2,166
14c
14c
30
_
preferred
preferred—
B
May
7% May
605
9%
9%
—
*
class A
_
"
100
1.10
'•
B
Fuel
United
9%
58c
5,900
9%
1
Jan
19c
Sales
28
5
International Paper common-
Mining
Jan
3.40
Jan
10c
High
28
DeHavilland
Feb
67c
■*
25%
Jan
320
61 %c
67c
Low
—J.——
.
Dalhousie
Mar
21
11%
9%
•
Union Gas Co
United Corp
Jun
2.70 May
Shares
common-
pref
Canadian Western
Jan
60c
11
11 Va
_
City common
Union
20
67,600
July
101
50
3,450
3.10
15c
Apr
17% Mar
Jan
May
for Week
Par
—
——
Industries
Canadian Marconi
Foothills
Twin
13%
97
Jun
20c
j
Transcontinental
Jan
21c
Range
com__*
Pulp & Paper
Canadian
Jan
4.25
May
8,100
40c
19%
—
*
Elevators
29c
May
30
Week's
*
Jan
28
Feb
26
49c
46 %c
46 %c
_
Gold
Apr
10c
-
Feb
750
70c
40c
Toronto
10c
of Prices
Asbestos Corp
70c
2.15
70c
«
Tombill
5,200
23%
-100
Jan
31c
2.10
—
Mines
_
Jan
100
23%
28
Canadian Vickers
_
Feb
Jan
18c
36,200
1,195
18c.
16%
99 %
Friday
2.85
May
70c
«
Tailors
31
108
Sale Price
STOCKS—
Mar
27c
1.70 May
4,700
__
Thompson-Lundmark Gold Mines—
Top
Jun
7%cMay
27
Canadian Funds
Aug
114% Mar
May
17c
1,000
20c
Feb
39% Mar
Feb
2.65
Jun
15
20c
38%
July
Exchange-Gurb Section
22 %c Mar
Consolidated Paper
Tip
26
104% July
12c
2.95
12%c
Jan
July
15
9%c
.
Mar
27%
36% May
280
—
2.96
12%c
7% July
8,000
105
__
•
•
Feb
23% May
25
27%
13 %c
14%
Feb
4.95
26
Jun
7
345
10c
"
50c
18 %c Mar
225
8%c
10c
_10o
5
_
Preferred
_
—
25%
.
Jan
80
2.10
1
common
__
July
Jan
13
common
Oil
38
24
Jun
Apr
1.06
23c
a
Gold
38
27%
26
38
125
__
27%
26
•
»
*
Wright Hargreaves Mines
Ymir Yankee Girl—._
July
1.92
1
-
Canadian
23c
—
May
6,000
•
Teck-Hughes
Texas
July
A
Combing
Wool
7
'
(G)
50c
14c
'—
Products
Winnipeg Electric
Preferred
55c
2.04
20c
__
Sylvanite Gold Mines
Pearson
July
1,000
__
15c
15%
Jan
8
112% 112%
Surf Inlet Consol Gold—
Tamblyn
20c
15c
6%c
Last
Sullivan Cons Mines
Taylor
11,500
15c
__
20c
Feb
5% July
-
-
Taku River Gold
71/3
71/3
20c 20 %c
*
1
*
1
*■'
Feb
23
1.90
100
River Gold
21% May
8%c
Feb
8
Apr
15
Sterling Trusts common
Sturgeon
4.20 May
3,005
__
1
1
Jan
Apr
1.92
.
2,600
25
Mines
t
'
,
12c
lie
1
_
4
*7dc
-
Mines
Iron
4,70
24
__
*
Winchester
July
30
78
80
•
Steeloy
May
5%
19
150
1
1
-
__
May
35
Stanley Brock class B
Starratt
50c
"
62c
»
1.43
May
7
1,600
7
Preferred
Standard
*
Apr
91c
21%
«
4.60
*
Wingait Gold Mines Ltd—
18% May
11,520
*
Standard Chemical common
1,000
__
Wiltsey-Coghlan Mines
Larder
51% July
5
1.41
__
32c
Preferred
17
18
1.30
•
32c
common
Western Grocers
106 % Mar
May
51% July
80
51%
18
1.35
*
-%
25
Anr
40c
51%
<
Co
24
(G & W)
Malartic
Westeel
1
(
24
Jan
Jan
40c
1
_
_
32%
29
Jun
—
:
Consolidated
Wekusko
West
50c
104%
100
Waterous Ltd
13% July
104 104%
22%
23%
Class B
Sladen Malartic Mines
Feb
24%
664
27
53c
May
11 % May
Jan
Jan
Jun
500
—
1
Walker Hiram
Feo
25c
785
10 %
Feb
18c
930
Waite-Amulet- Mines Ltd—
14% Aug
May
8.75 May
4,000
12
12
12
7.55
6%c
Oils
Vulcan
High
Low
7.25 July
7.25
6%c
25
;
Virginia Dare preferred
Range Since January 1
High
6%c
•
Gold
Villbona
Low
Feb
5.35
Jan
2.06
120
13
A.
Preferred
1.00 May
142,673
205
9.25
33c
class
Simpson's Ltd class A
Gold
3.80
14
1
Miller Mines
Dairies
3.30
9.25
3.50
143/4
:
May
11
700
1.10
1.08
1.08
I
Mines
Sigma Mines (Quebec)—
Siscoe
110
Shares
—!
Ltd_„
Ventures,
Jan
13% Jan
1.65 Jan
43c
15%cMay
1,100
11%
11
•
600
class A
Brewery
Sheep Creels Gold
Silver
19c
19c
for Week
of Prices
Par
High
Low
Range
Sale Price
STOCKS—-
Range Since January !
—.
Winnipeg
Silverwood
Shares
High
Low
__1
Shawkey Mines
for Week
of Prices
Sale Price
Par
Sales
Week's
Last
Range
Last
STOCKS-
Sales
Week's
Commitments
trial loans
to
make
45,106,003
■ "•
'
,
47.9 %
bills
cor-
4,519
indus¬
6,909
+
+
8 549
+
19
81,468
+
—
37
26,333
+
1,384
+
208,579
+
480,86?
0.2 %
+
4.9%
+
4,519
+
1,471
"1
234
42
(502)
Monday, August 4, 1947
THE COMMERCIAL.& FINANCIAL CHRONICLE
•
I
OVER-THE-COUNTER MARKETS
Quotations
for Friday, August 1
Reorganization Rails
Investing Companies
1
Securltiei
IV*
10 •
Affiliated Fund Inc
Holding Corp
Amerex
Bid
5.03
Par
Funds—
Mutual
Aeronautical
——1
Standard Oil shares.
Axe-Houghton Fund Inc
Axe-Houghton Fund B
Business Snares.
American
Associated
1
1
Beneficial Corp
Blair
& Co
Tr
lnv
Bond
of America
Inc.
8
Broad Street Invest Co Inc.——
Bullock Fund Ltd
1
Fund
Boston
Aak
Keystone Custodian Funds
5.53
4.80
4.39
31%
4.03
8%
7.48
15.39
27.23
29.86
S-2
14.09
8-3
11.65
12.81
Series
8-4
4.45
4.94
X5.30
Fund
-
Mutual Fund
Sayles Second Fund
Loomis
24.82
15.28
10c
-
Trust
Mass
2d Fund
Investors
Ino
Fund
Invest
Mutual
Inc
•
Industrial Fund, Inc.
Financial
24.12
1.95
33l/2
5.42
13.80
5.87
42.25
5.52
7.71
Boston
First
Mutual
10
Corp
Trust
Fund
Fundamental Investors Inc
Fundamental Trust shares
General Capital Corp
General Investors
8
,2
A—2
•
.—1
7.19
14.19
6.82
5.19
Aviation
—
8.33
9.03
——
6.71
10.02
5.56
7.28
10.86
6.04
7.60
Bond
7.96
7.26
9.79
7.66
6.66
8.45
8.63
7.88
10.28
—
Building shares
Chemical shares
Electrical Equipment
Food
shares
Fully
Administered shares
General bond shares
Machinery shares—
Institutional bond shares
Industrial
Investing
Price Shares.
Low
Merchandise shares
shares
shares
Railroad Bond shares
5.37
7.28
2.61
4.37
4.49
Mining
Petroleum
RR
—
•
Equipment shares
stock shares
Railroad
shaies
Steel
5.01
4.41
5.31
65c
—
shares
Tobacco
"
«hare«
tJtllitv
Holding Corp—
Huron
Common
1
>
Fund Inc
—10c
p'ouuuatKuj
income
.
investors-——I
Incorporated
8.31
7.28
9.16
5.83
7.90
2.85
4.75
4.88
5.44
4.79
5.77
72c
7.70
1.77
24.30
Aetna
4.63
5.11
6.20
6.93
Aetna
6.69
7.36
3.73
—
stock
new
8.42
American
American
shares
Stock and Bond Group shares.
Investment Co if America
,10
Management Fund Inc.l
8.90
91c
1.03
14.84
29.75
14.14
13.83
Group shares
Group shares
Bank
Insurance Group
Invest
Series
B-S_
Series
B-l
Series
29.28
27.22
18.20
10.23
20.00
27.95
24.86
16.58
9.34
18.22
—
B-2:
Series
22
32%
——_B
10%
.
K-l
Bank
of
York
New
Bankers Trust
10
100
10
357
342
44 y2
42%
Reserve
10
16
18
National Fire
Surety
28
54%
56%
National
Liberty
7.40
10
32
35
National
Union
Aviation
9.81
11.36
Bankers A
11.05
11.72
Boston
11.19
12.58
^preferred
—
stock—
12.95
11.82
Diversified Industry
York
North
of New York
City
B
21%
•15%
...
9.00
Connecticut General Life
-10
Continental Casualty.——
—8
Crum & Forster Inc
-10
Merchandising
10.82
8.00
8.77
13.86
15.19
Northern
Employees Group
68
.10
50
20
146
152
—10
45
48
'/a
6.79
Fidelity & Deposit of MA
8.14
Fire Assn of Phlla
7.90
8.66
Fireman's Fd of San Fran.—10
93 y4
10.88
11.92
—8
B
12%
19%
General Reinsurance Corp— .10
26%
Putnam
3.16
Berg Fund Inc
3.48
28.66
*
2nd
Great
82c
&
51.50
77c
86 c
25c
'22.36
7.78
,—J
15.63
16 81
1
7.92
8.68
Unit Type Trusts6.95
Recent
2.60
2.91
1955
1
1
2.84
Bid
Trust
-12%
Kings
County
Morgan
180
210
278
287
National City Bank
& Co Inc
(J P)
15 y4
16%
10
1,590
100 1,540
49
52
25
20
52%
54 %
100
237 J
243
12%
40%
42%
94
New York Trust—
Public Nat'l Bank & Tfust_17%
25
79
Sterling National
18
21
Title Guarantee & Trust
10
38
40
United
—100 1,385
97
41%
68
9!A •'
25,
17%
58 %
10
72
51-
25%
27%.
Springfield Fire A Marine. —28
109%
-10
29%
570
Travelers
.
.1.80
55
69%
,
Ask
Par
Stocks—
88%
Birmingham
Clopay
92 %
Connecticut
98%
2%S—1972
Utilities
1976
1976
Gas
L,t
3s__1977
19KS
3Mss_
.
102
102%
100%
103%
101
100%
104%
101 Va
103%
101%
104%
100%
102 Va
101 %
101%
102Va
102
101%
102
102%
102%
100 %
101
103%
,
Monongahela
102
Gas &
Brook
2%s—1976
1977
1970
Edison Co
103%
103%
1041/*
_100
106%
107%
100
.105%
107
100
98
100
100 xlOl
103
Power—
preferred
4.40%
54%
102 %
England Gas & Elec—
4% % preferred
Ohio
Public
,
-
Electric—
preferred
3.70%
Public
preferred
3.50%
Seaboard
102 %
101 %
103%
100%
(Indiana)
Service
Container
Victor
Corp "A"
Chemical 3%%
Willys
Overland
Tucker
103
102Va
103%
101%
100
63/a
6
pfd—.100
;—_—.1
101%
100%
47/a
4%
pfd.. 100
100
pid—4
4%%
96%
94Va
"A"—..1
4%%
Edison
—
...
' 56
56%
43%
72
10 V4
& Trust
States
—
Trust
12
100
650
620
quoted are for discount
Rills
at purchase
Bid
Obligations Of Government Agencies
Federal Land Bank Bonds—
1,
May
1,
1950-1948
1952-1950
1953-1951
1955-1953
Bid
Ask
100.7
100.11
99.14
100.4
103.3
Treasury
Bid
Federal Home Loan Banks—
100.8
1%S
Apr.
15,
90.31
1948
Ask
100.3
Other latuet
103.7
.1961
125%
.
; 126%
September 18^
a
Quotations For U. S. Treasury Notes
Int. Bate
-1 %%
Bid
bo.72
Ask
0 62%
-iy**
b0.72
(L62%
-i%#
100.17
100.18
Maturity—
(not
Dollar Price 100 Fins
■;
Bid
*7&s
1, J947—
Jan. l, 1948
*%» Feb. 1, 1948
t'/as Mar., 1,. 1948
*%S Apr. 1. 1948
t7/as
June
1,
.0204
.0181
.0081
.0212
.0112
-
.0290
.006T
.(
1948
.0392
.0104
—„
*
-r
V/bS July V 1&48 Series F__
t7/as July 1, 1948 Series G___
October
b0.375
0.35%
1947—
9,
b0.74
0.68 %
16
,
October 23
bO.73
1947
„
0.70%
b0.75
1947—
1947—'—
October -30
0.35%
0.70%
bQ.75
0.70%
b0.375"-0.33%
included®id yield price. ;;d Deferfed delivery .sales (liot
!■ k Removed" to Stock Exchange, r Cash sales
t
.0276
w
i
w d When delivered;
inchide^dn^yeaT's ^Ta^rr'tE^stwk' dividend, v (Un)-Unlisted rdssue.
When•1ssued."tx-Ex.-dividend. y Ex-rights,-
*
: •
.
y-
.
.
..
.
•
<
•.
■
^-1
.0414
.0293
-
.'
.0397
.0316
.0207
-
-
t%8 Dec. 1,,1947—i—
1947_l"—
2,
October
b0.375
.0269
.0301
.
U""-
■
lofe-sale-/(not
——.
October
-Ask
1947.
25.
September
Ask
.0191
Certificates of Indebtedness—
;
Odd
19471!.
Ask
0.33%
0.33%
6.33%
--0.34%
0.34%
0.35 %
included-ingear's--range), e
Figures after decimal point represent one or more 32ds of a point
Maturity—
Bid
bills—
August 7, 1947.
b0.375
August 14, 1947———
b0.375
August 21, 1947i—
bo.375
August 28,V 19472'L—,——b0.375
September 4. 1947—i:—.—...—
b0.375
September 11, 1947—b0.375
99.18
Panama Canal 3s
Wept, in, 1947_
Wept 18. 194718, 1948-
t,
Service—
preferred
3.90%
Pennsylvania
Transm 2%s—1966
2%s
Utah Pow & Lt 2%s
Toledo
10%
''53%
New
Toledo
Tenn
9%
52%
53%
Power—
&
—
104
,
i,
Pennsylvania Electric 2%s
1970
Philadelphia El Pow 2%s_ 1975
Portland Gas A Coke 3VaS_1970
Public Service Co.
(Colo).1377
2%s 1st mtge——
Scranton-Spg
Light
preferred
100%
99
•
$2
preferred
*
Dow Chemical 3 % %
pfd
*
Jewel Tea 3% % pfd——100
Corp
$1.90
Aak
Bid
pfd.100
— 1
$4.20
Elec
94 %
Rates
1%> Oct
"72%
36?/*
34%
Security Issues
United States Treasury
lVt*
,
46%
52
10
U 8 Guarantee
585
44%,
U S Fidelity & Guaranty Co—2
4
U S Firo
Westchester Fire.
114'
27
100
Standard Accident
1,445
50
•
1%I Jan. 1,
1%» Feb. 1.
.
48%
10
97 Va
Public Service 2%s—1878
Ohio
*
190
Manufacturers Trust Co
"69
10
Security New Haven.
91%
Pub Serv 2%s
Ask
Bid
165
Trust
V2
Seaboard Surety
93%
Michigan Cons. Gas 2%s
1969
New York Telephone 2%s„1982
100
.—100
———,
19%
.—1967
external
3%s
Firestone Tire A Rub
iOO
Trust
28
17%
St Paul Fire <5r- Marine
87
—1976
Par
Irving
4
26
—10
3.48
Series 1956
Guaranty
—
Republic
(Texas)
Revere (Paul)
Fire
97 y4
13%
21Va
28%
5%
a
10
(NY)
Corp
Reinsurance
*
.--1967
7.90
•
1023A
5 Va
35'
33
1957
2.51
D
Independence Trust Shares
North Amer Trust shares—
Grace National
—10
—
I
American Airlines 3s.
Fulton Trust
80'
4%
8
19.50
Bonds-
Series
52%
76
8.50
17.87
Trust
Investment
8
10
Hartford Fire
;—\fl
Hartford Steamboller Inspect..!!
49%
10
53%
17
'; T9
43%
46
8
9
18
22
82
- 86
26%
28%
26
28
104
108 Vi
34 37
22.97
1
Wellington Fund.
Whitehall Fund Inc___
IB
preferred
American
Hanover
10
6.84
6.25
21.01
Fund B—-
Stock Fund
Union Preferred
Fire com— 18
<fe Rutgers
•
107
23%
7%
6%
20.74
C
Union Common Stock
8
103
'
22
'
23.05
18.97
A
B
World
Globe
7.00
6.39
lQo
Trusteed Industry Shares
series
10
.8
A Marine.—
Glens Falls Fire
12.18
11.26
1
Fund
Gibraltar Fire
104.59
172.51
2*4
Sovereign Investors
Standard Utilities
Bond
Fire
Globe & Republic
Scudder, Stevens & Clark
Fund, Inc
Selected Amer Shares
Union
16.49
26.65
1
Republic Invest Fund
Russell
Franklin
15.34
1
Fund
(Geo)
of .Newark—
Firemen's
79
—
Providence-Washington
-10
5.98
20
75
Indemnity Co—
71
Employers Reinsurance
7.43
Trading
12%
Preferred Accident
5.46
&
49%
10%;
Fire
Pacific
30
6.20
Tobacco
Pacific
50,
28
Railroad
Petroleum
—
Phoenix
pibiic'mWZ—ir-iz:
equipment
River
Northeastern
17%
"32
29
-.
23
47
76
73
-47%
Federal
Railroad
Fire
23
•
11.86
44%
Trust
New
11.50
42%
16 %
56 %
75
Fiduciary Trust —
First National Bank.
64
10.36
20
Federation Bank
60
8.21
stock
Lawyers Trust
Empire
Hampshire lire
9.45
equipment
45%
& Trpst—10
Bank & Trust_20
New
10.49
Electrical
37 y4
Continental Bank
75%
-10
Fire
21
10
——8
2.80
8
—12.50
28
72%
-10
Camden
28%
x26%
2
—10
Casualty
6
160 «,
150
20
New Brunswick
-28
Shippers....
Machinery
Insurance
43%
Corn Exchange
6
12.26
11.48
Diversified
35 %
Trust Co
5% '
.2%
8.95
10.37
Diversified Investment Fund-
Amsterdam
New
11.04
10.07
Chemical
Building supply
48
5%
—2
Fire
__
stock.
Bank
—.
45
10
American
American
Automobile
15
10
Bank
National
Chemical Bank & Trust
Casualty
8.11
113
Commercial National Brmk &
N Y
Fire
7.39
108
99 %
Chase
National
12
Assur
10.92
100
Central Hanover Bank & Trust 20
Brooklyn Trust
29%
29 y4
Re-Insurance
Fire
Mfrs
A
6.74
Ask
267/8
27%
20%
x27%
0
9.96
City Banks & Trust Cos.
25Va
7 Va
(Detroit)—10
187/a
10
of Newark
LiRfleciP
Bank of the Manhattan Co.
85%
29%
6 VB
2%
American
,.
American
Kentucky
Bid
22%
81'
Merch
Fidelity & Casualty.!
Iowa
Par
53%
27%
Merchant
Casualty
Equitable
American
Illinois Power Co 2%s
New York
51%
21%
—4
Massachusetts Bonding*
16
13
American
Automobile
...
12%
_10
1
—8
11%
11%
American
5.70
16.28
Agriculture
..
11%
—5
preferred
—
preferred
Convertible
14%'
3.63
5.14
Stocks Inc—
New York
Prior
20
15.18
England Fund
..20
•
30%
10
Diversified Trustee Shares—
Funds—
Keystone Custfian
Series
B-l
Jersey Insurance of N Y
72,
'
3.30
38 *
Insur Co of North America--10
44
Automobile
-
35
46 Va
42
69
4
Alliance
4.19
series
92%
43%
Maryland Casualty common.
X7.62
Stock
26%
96
10
j
X3.76
Speculative seriea
Bid
24%
28
Insurance
Luc
Ask
Par
Home
84%
4.22
Series
Securities Ltd—
8.12
82c
93c
13.54
27.37
Aviation
*
—1
Ask
81%
wl
Agricultural
Series
Institutional
10
Aetna Casual A Bursty
series
series
Low priced stock common
New
Bid
Par
priced bond series
Industrial
State Street Investment Corp—
1.72
22.48
19
Companies
10.81
series
Income
Low
Insurance
15.11
10.00
1
8.24
—
~
6
15.51
14.07
——
Seriea—
National Security
7.80
6.28
4.78
shares..——
shares
shares-.
Automobile
.
17%
—
12,43
National Investors Corp
Group Securities—
Agricultural
61 %
'
Hartford—
&
28.15
11.54
Corporate bond series
Trust
Preferred
.
_
Haven
8.45
26.04
7.02
shares
Balanced
25.97
2,13"
36!/2
6.02
15.12
6.76
45.43
5.92
First
37
Securities—
Natlon-Wlde
26.53
16.34
Fund
Fidelity
35
preferred
New
Y
49.80
48.80
Selected series
1
1
Common
N
!,
4%s
Income
1
1
10
Common
Mass Investors
Howard—
&
70
28 %
63 '
;
7%i
27
Manhattan Bond Fund Inc—
4%
102.34
21.92
19.03
19.39
Fund Ltd
Trust
Balanced Fund
Btock
Fund
83
68
:
Preferred stock series
Eaton
81 y2
•
100
—,
—
103.37
*
10
Loomis Sayles
1st 4S
OommOn
■'
Hartford—
&
Ask
Bid
—-
"101%
9019
4U,«
Haven
New
Y
Stocks
Chicago Rock Island A Paclfio—
102%
1994
cvtr»»
N
and If issued)
as
Ask
Pacific—
1st 4s.
5.89
Knickerbocker
6
Bid
—
Chicago Rock Island &
15.49
Series
—1
3.90
5.05
•
28.74
30.90
Chemical Fund
1
14.12
15.27
Christiana Securities com—100 3,040
3,140
Preferred
100
149
153
Commonwealth Invest.—-—1
5.87
6.37
Delaware Fund—
—-I
15.38
16.62
Dividend Shares
28c
1.48
1.62
lnv
Canadian
Century Shares
23.33
Series
4.41
9
8.09
16.73
5%
.3%
98.25
20.28
17.60
17.69
Bonds
21.23
Series 8-1
33%
(When,
(Cont,
K-2
Series
Ask
Bid
Par
.0128
.0308
.0134
.0224
.
•♦No
dividend.
par-value
;v tin-default." {These ""bonds""' are'
subject/to all
...
*.
.
Federal^^'fEx-llquldating^'.
;
yA\
.
Volume 166
Number 4617
THE COMMERCIAL & FINANCIAL
CHRONICLE
(503)
THE COURSE OF BANK CLEARINGS
Bank
clearings this week will show
Preliminary figures compiled by
U3,
an
based
increase
compared with
2.4% above those for the corresponding week last
total stands at
this
$12,905,304,231 against $12,601,686,299 in
center there
is
loss for the week ended
a
1947
ago.
year
week
same
in
1946.
1947
1946
$6,970,548,189
563,826,596
533,518,738
+
776,000,000
618,000,000
+ 25.6
399,698,030
392,744,981
+
__
Boston—
Kansas Clty_
281,206,341
'
*
__
—
■'
'<
Other
) *
•
>
[
day "
217,009,676
+ 16.9
199,244,162
$9,804,994,224
+
+
Total
8.7
+
3.8
698,709,963
847,190,995
today, in
we
West
—17.5
Federal
of
as
much
as
the week
summary by
Columbia—Washingtoncities)
cases
Federal
Reserve
Nashville
Federal
3d
New
has to be estimated.
6th
;
7th
Philadelphia
Atlanta
9th
7
6
10
*
Chicago
Louis
llth Dallas
12th flan
4
.
7
City
10
,1
■—
"
we
present further below,
Total
"
—
„
Louisiana—New
Total
.'-We
now
5.3
664 ,058,839
606,,177,425
332,246,593
+
7.1
478,163,416
+
8.6
Grand
Federal
Reserve
f
"
;
;
Bend
Fall
'■,
New
Terre
Iowa—Cedar
260,674,566
642,647,780
I
+ 19.9
Des
Rapids
Moines———
Sioux City
Springfield -l
598,389,883
—
3.0
$
$
j J Second Federal Reserve
Rew YorK—Albany..
|!
|
;
1,460,734
+
8.4
538,183
+
5.5
1,886,866
1,149,092
455,869,354
+
Newark
;
+
+
1,915,620
+ 31.4
64,455,835
+ 21.0
54,894,240
4,274,357
174,400
79,489,403
361,387,661
1,089,771
8,103;243
5,235,776
4,747,592
41,274,000
893,234
+ 22.0
7,288,364
+ 11.2
557,912
5,244,035
5,934,462
632,805
4,707,458
—11.8
3,036,608
9.8
3,159,942
30,490,000
4,275,341
2,925,420
30,563,000
3,478,082
7,243,999
32,924,091
4,324,638
43,400,000
+
—
4.9
999,747
„
.
660,293,605
2,519,258
11,161,767
4,308,441
4,337,557
+■10.0
772,776.110
1,805,456
15,031,044
1,837,521
15,385,090
5,908,105
7,478,458
+
—
8.7
478,412
580,062
9.1
—
605,177,181
2,561,022
-
3.1
456,527,265
1,704,172
5,946,432
486,214,000
1.6
7,878,827
+ 41.7
3,430,452
+ 25.6
2,379,803
+ 82.3
2,155,186
2,381,165
1,581,884
7,674,937
2,557,581
1,870,577
9.7
580,405,610
.610,359,953
+ 17.9
+
,
250,200,000
212,300,000
90,780,266
63,955,446
1,718,874
85,172,857
57,455,423
1,214,718
356,142,998
+
6.6
175,600,000
72,279,733'
177,600,000
+
11.3
37,204,404
+ 41.5
1,077,344
38,187,565
973,000
+14.2
1,013,053
+ 34.1
1,313,012
+ 37.6
—13.8
13,737,984
+ 15.5
7,813,984
+ 25.4
2,520,820
286,161,481
281,646,891
7.0
4,430,963
140,697,104
47,444,744
3,783,881
133,759,744
,42,156,900
3,027,184
1,509,172
1,220,887
4,435,348
189,893,116
64,886,326
District—Minneapolis5,238,877
,
213,872,947
6,572,907
18,376,600
16,941,400
556,369
553,034
7,447,242
368,822,757
10,038,814
485,601
+ 10.0
+12.2
46,661,363
'
■
310,130,926
260,674,560
+19.0
203,454,205
347,124
454,930
5,888,584
+ 22.5
167,785
273,083
3,832,715
72,093,395
3,018,251
9,039,588
222,197,984
6,088,797
+ 19.9
+ 17.7
+
27.7
+ 11.5
+ 32.1
+
—
425,122
——-
5,954,386
484,766
Lincoln
1,018,487
871,391
1,408,931
62,165,000
966,351
873,270
5,987,917,260
4,517,225,223
10,789,134
10,571,976
Kansas—Topeka
Wichita
'
•"
Missouri—Kansas
City—
—
Pueblo
-
Total
(10 cities)
'
Eleventh
Federal
Reserve
Texas—Austin
6.0
1,041,813
2.3
833,338
888,964
794,160
399,829,085
+19.9
318,642.375
292,414,653
+ 39.9
5,744,374
7,223,606
—.—
.
Falls
252,717,005
178,813,884
-
4,845,000
3,001,704
—-
—
Louisiana—Shreveport
(6
4,106,994
145,248,000
17,649,741
3,514,000
1,733,127
6,562,023
204,767,000
-27,135,321-
,
Galveston
144,276
309,152
3,289,461
63,489,007
3,349,818
7,891,292
206,596,258
5,717,891
+ 10.8
+
3.4
+ 36.2
+ 23.4
+ 24.4
■
~
District—Dallas-
Dallas
Fort. Worth.
•
+
1,673,357
1,483,464
479,336,656
—
1.1
+
/
11,323,770
—
—'
—
6.6
+
96,765,412
5,979,620
9,457,396
268,804,262
9,102,099
1,578,991
1,450,667
6,181,847
12,881,602
331,672,223
St. Joseph
Colorado—Colorado Springs
cities)
r
Twelfth
Federal
Reserve
Washington—Seattle
1
District—San
41.0
2,423,327
123,144,000
+.53.7
2,352,868
119,101,000
14,153,242
+ 37.9
3,714,000
+ 73.2
15,499,260
3,073,000
1,509,594
+
+ 10.1
1,763,737
5,355,613
+41.3
150,556,919
146,362,259
+.15.7
97,706,497
2,742,156
66,541,413
24,118,102
7,019,674
4,628,140
281,934,000
6,250,089
2,033,739
4,957,046
87,698,518
2,230,408
65,764,486
25,067,003
8,934,279
4,587,696
295,870,000
6,004,160
2,007,850
4,132,858
4,826,537
Francisco-
.,
"
3,334,774
-—
Oregon—Portland
Utah—Salt
103,160,261
—
Yakima
Lake
+—.
104,167,568
City
California—Long Beach
.
Pasadena
San
Francisco
5,953,048
6,387,751
San
7,259,849
6,707,029
Santa Barbara
397,743
107,256,119
—
+
'
397,677
+ 10.8
25,389,303
+
4.5
34,985,347.
35,498,717
6,186,586,694
4,672,619,733
25,095,220
Stockton
(10
cities)
Grand Total (112 cities)
Outside New York
8,994,330
+
8.9
+ 21.4
+ 31.6
+
0.9
-
,
6,425,137
350,147,330
11,112,217
—
Jose
Total
43,994,659
9,673,139
89.176.128
3,061,660
85,809,016
33.424.129
6,170,836
—
30,835,858
—13.2
19.7
3,094,958
1,757,656
1,447,293
4,581,487
—
5,322,583
1,440,0l3
"63,903,756
40,580,074
7,464,631,373
4,709,515
2,727,855
2,345,871
6,221,013
3,042,650
3,099,940
(7 cities).
Wichita
399,626,762
.
60,674,632
6,011,929
Dakota—Aberdeen—
5,635,877
178,359,803
71,417,341
„
13,569,770
42,426,714
6,482,452,344
Reserve
3,739,916
34,174,383
(12 cities)
44,236,692
379,625,319
912,962
.
Nebraska—Fremont
Hastings
i,094,584
7,970,227
5.9
7,283,726,213
544,900
;
8.6
+
+
346,081
13,554,007
5.9
8,715,325
—11,038,811
___
Northern New
Jersey
7.7
.+ 24.8
Dakota—Fargo
Total
850,254
4,012,607
+ 122.3
9,799,966
Jersey—Montclair
478,163,416
406,654,586
Federal
Paul
Total
—•
Connecticut—Stamford
113,403,651
2,663,811
20,650,175
Helena
318,916,123
2,648,817
1.6
15,862,811
Rochester
Total
—12.4
8,898,82.7
21,707,800
1,807,002
—
+ 13.4
—
11,657,822
Montana—Billings
658,511
1,303,469
+ 14.8
6,275,698,918
York
7.6
3(066,107
—
North
3,059,314
384,159
+ 17.8
u.
,
New
3,737,995
19,371,476
77,997,140
St.
*
1,005,095
+ 17.1
1,358,515
—
Syracuse
5,613.292
^
Jamestown
+19.0
+
10,439,189
30,904,137
-
1944
346,383,652
—16.9
2,517,463
'
—
Elmira
1949
.2,575,633
5.7
9,225,721
Blnghamton
Buffalo
045'922
0.4
+
+ 13.4
9,802,151
33,901,067
130,200,000
2,241,208
2,174,143
Tenth Federal Reserve District—Kansas
City-
850,127
2.3
+
432,974,138
—
264,634,364.
11,330,700
40,061,660
+ 10.5
—
Minnesota—Duluth
Minneapolis
city for the
t
+ 20.0
—
386,431,942
2,554,737
—
'
2,201,853
1,823,610
46,275,825
50,784,373
3,845,263
169,493
84,032,542
3,050,110
847,846.544
South
District—New York—
1
'
New
for each
Dec. %
1,283,728
3,789,413
7,798,976
-'
+ 12.8
2,816,373
62,299,474
63,077,228
4,821,302
277,705
,
Omaha
22,057,*700
Njew Hampshire—Manchester
i i Total (12 cities)
34,289,970
139,*00,000
+ 19.9
(4 cities)
Ninth
8,933,953;793
Week Ended
July 26
1946
Inc. or
22,233,767
Island—Providence...:
+ 10.9
+ 19.7
(17 cities)
Total
-4,416,728,565
—
6,570,344
New Haven
;
+ 13.3
+ 18.2
3,973,218
J.
Missouri—St. Louis
Kentucky—Louisville
502,297,258
4,577,206,496
showing the figures
4,405,157
Rhode
12,356,561
48,261,012
167,800,000
10,240,402
39,322,952
;
Tennessee—Memphis
Illinois—Quincy
5
10,565,123,756
years:
1,567,974
Worcester
291,897,271
1,769,371
153,690,373
Eighth Federal Reserve District—St. Louis—
146,362,259
497,,930,856
+ 11.5
1,583,662
Connecticut—Hartford
Total
292,414,653
-
150 ,556,919
+ '7.4
5,435,597,707
3,703,895
i
7.1
+
4,764,017
Illinois—Bloomington
189,893,116
,
318,,642,375
+ 41.3
12,719,323,920
408,390,318
-
203, ,454,205
'
12,334,033,458
.
1
3.0
1,082,824
*5,857,000
67,944,823
281,646,891
+ 19.0
1,539,931*
_
9.8
+
332,246,593
s
610,359,953
—
Bedford
+ 10.2
—
12,016,293
Haute
Wisconsin—Milwaukee
361,387,661
580,,405,610
6,053,334,540
—
379, ,625,319
286,,161,481
567,727
River—U
Lowell'
8.0
11,315,240
47,062,652
2,929,739
—25,774,631
..
264,634;361
9.7
178,813,884
_+
2,388,130
58,819,084
"
+
1947
■
291 ,897,271
+ 14.2
399,829,085
Massachusetts—Boston
2,836,512
3,053,927
District—Chicago-
Arbor
Rapids
South
637,421,941
772,770,110
479,336,656
1,
+ 10.5
+
169,374,527
519,299,013
Lansing
Indiana—Fort Wayne
Indianapolis
606,093,210
356,142,998
252,717,0b5
.
1,543,957
5,993,000
77,664,677
2,073,201
148,801,087
55,821,349
1,717,735
8,432,762
91,514,355
314,883
104,705,076
Orleans
Michigan—Ann
-
4,672,619,733
+
Clearings at—
Portland
6,186 ,586,694
+ 14.0
"
First Federal Reserve
District—Boston'
+ 18.1
8.7
;"
—13.2
770,612,157
add-our detailed statement
Maine—Bangor
$
651,174,501
"
July 26 for four
606,177,425
5)l87,'l56
—
(10 cities)
Seventh
368,822,757
310,130,926
Outside New York City
week ended
$
847,046,544
cities
+14.0
75
Mobile
Mississippi—Vicksburg
,
406,654,586
"
651,174,501
70,641,170
Peoria
399,,626,762
519,239,013
"
606,093,210
+
+ 23.2
2,827,320
Macon
Decatur
5.9
+
355,901,178
"
271,549,743
238,727,311
13,995,628
Florida—Jacksonville
Alabama—Birmingham
1944
811,540,566
6
112
-
1945
Dec. %
7,464,631,373
10
1
or
742,532,672
"
16,015,400
+ 28.1
186,100,000
3,442,094
—
Springfield
Inc.
$
"
—
Francisco.
1946
455,869(354
8,482,452,344
17 ' "
-
Minneapolis
10th Kansas
"
11
^
Richmond
6th St.
1947
17,943,600
2,674,452
3,763,318
251,089,676
621
District—Atlanta
Augusta
CLEARINGS
$
12
—
,
BANK
203,673,766
—
57,039.764
Georgia—Atlanta
Federal Reserve Districts:
482,974,188
12 cities
—
York
4th. Cleveland
5fch
"
Reserve Districts
1st Boston
2d
V
OF
3,510,351
105,953,511
8.8
23,540,700
3,259,755
4,937,432
—
Rockford
SUMMARY
4,009,632
111,140,593
214,956,154
355,901,178
.
Week Ended July 26—
+ 14.9
2,029,436
9,319,000
98,808,541
2,631,903
186,043.229
57,069,069
Chicago
a
+ 31.7
+ 20.4
District—Richmond-
Tennessee—Knoxville
available at time of going to
press.
statement, however, which
furnish
we
(6
Sixth
that in the New York
following
Reserve
Maryland—Baltimore
District
(including this city) the totals are
[smaller by 13.2% but in the
Boston Reserve District the
totals are larger
by 5.9%
and in the Atlanta Reserve
District by 5.3%. In the Cleveland
Reserve District the
totals record a gain of
14.0%, in the Richmond Reserve District of
7.1% and in the
Atlanta Reserve District of
8.6%. The Chicago Reserve District has
to its credit an
improvement of 9.7%, the St. Louis Reserve District of
14.2% and. the Minneapolis
Reserve District of 19.0%. In the
Kansas City Reserve District there
is an increase
of 19.9%, in the
Dallas Reserve District of
41.3% and in the San Francisco
Reserve
District of 7.4%. :
the
4,355,305
742,532,672
Virginia—Huntington
2.4
+
decrease of 3.0%, the
aggregate of
clearings f<?r the whole
country having amounted to
$12,334,033,458, against $12,719,323,920 in the same week in 1946.
Outside of this city there was a
gain of 11.5%,
the bank
clearings at this center having recorded a loss of
13.8%.
We group the
cities according to the
Federal Reserve Districts in which
they are located and from
this it
In
637,421,941
138,136,880
6)082
South Carolina—Charleston
July 26,
appears
3,978,500
238,217,118
4 j^g 4^2
Virginia—Norfolk
able to give the final and
complete results^of the week previous—the week
For that week there was a
are
erided
5,807,819
664,058,839
5.3
the foregoing will appear
above the last day of the week in all
In the elaborate detailed
+
259,509,491
'
(7 cities)
District
are not
+ 15.0
5,738,141
Richmond
$12,905,304,231 $12,601,686,299
Saturday and the Saturday figures
Accordingly, iri the
4,6,75,742
158*,705,973
Youngstown
Total
ends
4,271,699
770,612,157
2,002,083
1,494,273
1,963,538
+ 15.3
286,847,034
21,473,000
"
Pennsylvania—Pittsburgh
2.9
1,949,501,080
and exact details for the week covered
by
issue of next week. We cannot furnish
them
our
+ 24.6
5,492,494
659
333'146
+ 27.0
Complete
'in
+
—
District—Cleveland-
+ 14.0
141,778,233
2,119,359,700
—
Total all cities for week-—
,
1,882,204
2,572,686
1,726,176
6
Mansfield
6.7
$12,206,594,268 $11,754,495,304
<
Total all cities, five
days
one
2,229,154
1.2
5)375
Columbus
+ 15.4
+
$10,087,234,568
cities, five days
All cities,
2,079,045
7.2
5.0
+
(11 cities)
Fifth
*
;•
216,900,000
282,983,000
180,107,071
Ten cities, five days
-
+ 44.1
3,487,694
1,893,342
2,912,925
Jersey—Trenton
Cleveland
+ 2-1.1
227,189; 180
——
Baltimore
<.
1,803,217
621,000,000
3,738,715
1,870,775
Ohio—Canton
Cincinnati
1.8
301,968,000
—
Cleveland
.
222,267,245
5.7
253,680,345
—
Pittsburgh—
1,620,862
642,000,000
3 029 g24
Fourth Federal Reserve
1.7
—
250,200,000
San Francisco
'
714,979
+ 13.4
2,012,*724
%
$6,853,359,005
Chicago
St. Lbuis_-
2,428,096
745,000,000
2,900,903
811,540,566
New York
'
604,246
1,369,753
672,369
_
Total
Week Ended
August 2
Philadelphia
666,212
1,021,965
+ 44.9
Delaware—Wilmington
Clearings—Returns by Telegraph
,
+ 32.6
—27.7
«n£nt°£
Wilkes-Barre
New
I
835,852
947 477
2,754',038
York
summary for the week follows:
194*
$
782,000,000
_
Philadelphia
Reading
At
1945
653,856
1
,
Our comparative
or
Dec. %
1,219,432
'b8i',392
Chester
Lancaster
Our preliminary
Friday of 1.7%.
l ios 637
Bethlehem
weekly clearings
Inc.
t
District—Philadelphia
Pennsylvania—Altoona
Aug. 2, clearings
year.
the
Reserve
*43
Ended July 26
1946
t
Third Federal
telegraphic advices from the chief
upon
cities of the
country, indicate that for the week ended Saturday,
for all cities of the United
States from which it is possible to obtain
will be
a
Week
351,644,182
9,474,437
+ 17.3
3,118,432
3,117,799
+
8,368,564
7,263,065
642,647,780
598,389,883
12,334,033,458
6,058,334.540
12,719,323,920
5,435,597,707
—
—
4.0
0.4
0.1
+ 15.2
7.4
497,930,856
502,297,258
3.0
10,565.123,756
8,933,952,703
+ 11.5
4,577,206,496
4,416,728,565
+
—
H
Condition Statement of Member
Banks
Mills, 4x/2% preferred stock
Club, 5% mtge. bonds, due
Supply Co., debentures due
Thomaston
Toronto
1957
1955
Golf
Western
Auto
statement of weekly reporting member
banks of the Federal Reserve System in leading cities
shows the following principal changes for the week
ended July 23: An increase of $224,000,000 in demand
deposits adjusted and a decrease of $367,000,000 in de¬
mand deposits credited to domestic banks.
Commercial, industrial, and agricultural loans in¬
creased $13,000,000 in the Kansas City District, $11,000,000 in the Chicago District, and $35,000,000 at all report¬
The condition
& Lake Erie—
Gen. and ref. mort. 2%%
Wheeling
ISSUE
.ENTIRE
Company and Issue—
Telephone & Telegraph
Page
Date
Bing, Inc.—
'
25-year 6x/2% debenture bonds including
bonds, due 1950
:
Butte Electric & Power Co., 1st mtge. 5s, due
367
Loans to brokers and dealers for
purchasing or carrying securities other than United
States Government securities decreased $25,000,000 in
New York City and $55,000,000 at all reporting member
banks.
Real estate loans and loans to banks increased
$27,000,000 and $31,000,000 respectively.
Holdings of Treasury bills decreased $73,000,000 in the
City of Chciago, $62,000,000 in New York City, and $121,000,000 at all reporting member banl^s.
Holdings of
Treasury certificates of indebtedness increased $94,000,000 in New York City and $121,000,000 at all reporting
member
banks.
Holdings of
"Other securities" in¬
creased $37,000,000 in New York City and $35,000,000 at
all reporting member banks. .
1—--Aug
Gas
Kansas
&
1
*1868
(in millions of
$6
*2004
Assets-
63,513
53
and
brokers
to
purchasing or carrying:
S. Government obligations
—
Other loans for
U.
462
securities
Other
_
—
'
*
+
27
+
1,006
153
+
31
+
24
3,085
loans
Other
+
2
951
bills
—
4,672
2,663
Treasury
763
with domestic banks
+
—
—'
790
Aetna
113
+
150
7
+
Cornell
61
413
Davis
Curtis
+
224
+
1,503
+
1
+
843
619
+
49
1,339
133
Borrowings
demand
to
and!
interbank
deposit accounts except
U.
S.
Govt,
accounts,
15
—
38
+
+
—
7,085
(Louis)
Asphalt Roof
Bosch
42
Hide
American
&
Below will be found a list of
and
stocks
common
which the details
were
B
preferred
$4
corporate bonds, notes,
4x/2%
American
Law,
Frank-GuentheT
E.)
&
Inc.
preferred
Page
366
Aug 25
stock
371
$3284
372
.Oct
$6 convertible prior preferred
1
367
.Oct
stock
Foundry & Machine Co., 1st mtge. 6y2s
& Co.,
1
50
Co.,
Clinchfield & Ohio Ry.—
1st mortgage 4s, series A, due 1965
Central Soya Co., Inc., 3% debentures
1
1
266
.Aug 15
Pneumatic Tool Co., $2.50 prior pfd. stock
Chicago & Western Indiana RR.—
1st and ref. mtge. 4x/4% bonds, series D, due 1962__Sep
1
Cincinnati Union Terminal Co.—
1st mortgage 3%% bonds, series E, due 1969..
Aug 1
Cleveland Union Terminals Co., 1st mtge. 5x/2s, ser. A—Oct
1
Danville Traction & Power Co., 1st mtge. 5s due 1951__Aug 15
51
.Sep
.Sep
»
Chicago
Sep
Raynolds Co., Inc., 27/s% debs, due 1965
Elgin, Joliet & Eastern Ry.-—
1st mortgage 3 Vis, series A, due 1970
&
Empire District Electric Co.,
Great
Knight Co.,
Sep
1st mtge. 3x/2s, due 1969
stock
7% preferred
Lakes Power Co., Ltd.—
general mortgage bonds, due 1957
Hartford Electric Light Co., 3x/4% debs.,
due
1971™ -Sep
Food Products Corp.—
mtge. conv. 6s, ser. A and ser. B, due 1949 _Oct
1st & ref.
Merritt-Chapman
preferred stock, series A
Northern Pacific Ry., colat. trust 4x/2s, due 1975
Ogiiw Realty Corp., Ltd., 1st (closed) mtge. 5x/2s
Pere Marquette Ry.—
1st mtge. 3% % bonds, series D, due 1980
Pitiaton vo., collat. trust 4%
bonds, due 1971—
Safeway Stores, Inc., 5% preferred stock
1st
Paul Union
and
ref.
J3049
12924
52
369
8-20
10-15
9-30
8-21
8-11
267
1
*
54
8-15
9-25
9-15
10-25
10-15
160
306
57
B
3Ya%
*
Sep
13327
Oct
mm
(quar.)
1
9-
1
8-15
10-
1
9-15
9-15
99-
2
9-
9-15
8-15
10-15
9-15
9-15
8-29
1
9-20
9-
2
8-
Budd
75c
9-
2
8-
50c
9-
2
Buell
Die
&
Forge
Hill
Bunker
Mining &
Sullivan
&
Co.,
9-
2
8-11
12y2c
9-
2
8-11
9-
2
7-31
Steel
(quar.)
Ltd.
Common
Extra
7%
375
—
Canadian
Crushed
(quar.)
Ltd. (quar.)
Ltd. (quar.)
Stone
Breweries,
8-15
7-31
2
1
7-25
8-22
9-10
8-22
2
8-15
8-
9-
50c
8-15
8-
5
75c
—J
8-25
8-
5
—
8-21
2
9-
$1
9-
3 *
$1
10-25
$1
1-25-48
50c
8-15
50c
8-
25c
9-24
9-
5
5
——
12-31
5
8-
7-28
1
—
9-24
9-
9-10
8-20
$1
8-
1
7-25
25c
9-
2
8-15*
5c
9-
2
8-15*
9-2
8-15*
50c
18%
(quar.)_,
—
Field)
c
'
———.
—
Co.,
$1.25
25c
9-
1
8-21
$2.75
9-
2
8-20
25c
9-
1
8-18
$1
Co.—
9-
1
8-18
common
25c
8-15
8-
5
12yac
8-15
8-
5
84 %c
9-
1
8-
8
37y2c
8-15
8-
4
50c
9-26
9-
5
25c
8-29
8-19
25c
—
25c
2
7-29
11-29
11-25
8-
—.—
37x/2c
9-
8-20
1
$2
$25c
9-15
9-
2
9-
$1.50
2
8-
8
9-
2
8-27
9-15
8-25
25c
8-
1
7-22
$1.25
8-
1
7-22
lc
9-
1
7-31
75c
8-
1
7-15
(s-a)—.—
9-
2
7-31
9-
1
8-15
Inc.—
shares ——
'
8-15
1
lc
8-13
8-
8-15
8-
8-15
7c
75c
8-
$1.50
8-
1
1
2
8-11
1
9-
9-
2
2
8-15
9-
2
8-15
9-
9
8-11
9-
2
8-12
50c
8-25
8-15
1
7-24
9-15
8-18
2
8-19
20C
$1.25
8-
9-
5c
8-25
8-26
12y2C
8-
2
Mining
i2y2c
9-
2
8-
5
25c
9-
1
8-
7
$1
9-
1
8-
7
87y2c
9-
1
8-
7
87y2c
9-
1
8-
7
J15C
10-
1
9-10
.
1
7-24
8-15
8-30
8-15
8-30
8-15
8-30
8-15
8-30
8-15
8-30
8-15
8-30
8-15
8-30
8-15
4c
8-30
8-15
6C
8-30
8-15
5c
8-30
8-15
2c
8-30
8-15
6c
Bond
shares—J.
8-30
—
Equipment shares
Stock
shares
—
Extra
—'
Extra
Hammond
7-24
Harris
(quar,)
Hartford
Instrument Co., 6% pfd.
& Co., 5y2%
preferred
Empire
Glass
11-15
9-
2
8-18
25c
9-
2
8-ia
75c
8-15
(quar.)
(quar.)
8-
1
(quar.)
8-
1
7-19
25c
Co
Co.
1
*—
'
(A.)
Hazel-Atlas
8-11
12
75c
Aircraft Engineering
dividend
8-15
9-21
50%
$1.50
(irreg.)
Corporation (stock dividend)—
Grumman
7-24
I
8-30
————.——
shares
1
9-
8-15
11c
4c
—
shares
Utilities
1
8-29
8-15
8-30
3c
—
shares
8-
1
8-15
8-30
3c
shares
Tobacco
8-
9-20
8-30
—
shares
43 %C
10-
8-15
5c
lc
:
'
——
Railroad
8-
*10c
8-15
8-30
7c
shares.*
,
Extra
$1
*50c
8-30
7c
shares—,
shares
Extra
Cash
8-15
8c
—
-
Railroad
Hajoca
8-15
8-30
5c
shares—
—•—
Petroleum
Steel
8-30
9c
'
,
shares
Extra
»
8-15
7c
2c
Bond
Co.
Priced
Extra
5
8-15
8-30
—»—
Machinery
Railroad
9-
8-15
8-30
——
—
Merchandising
8-15
8-15
8-30
3V2C
shares
Extra
8-15
$1
Low*
8-30
4c
—
8-15
9-
8-15
7c
9y2c
—
Investing
5
8-15
8-30
—
——
Bond
Institutional
9-
8-30
6c
shares
Administered shares
Industrial
10-
8-15
11c
6C
Equipment
shares
Extra
7-21
8-15
8-30
:
General
7-21
8-15
8-30
——
—
Food
1
8-30
4c
-:
5
$1.50
8-30
6c
shares
Fully
$1
■
8-15
8-15
—
——
Extra
8-25
2
8-15
*
6c
8-15
9-
8-30
8-30
shares
Chemical
9-
8-30
2x/2C
——
——
Shares
Building
7-23
8-15
8-30
5c
shares
Extra
1
7c
7V2c
—
——*—
—
_
Aviation
9-2
8-
(quar.)
preferred
non-cum.
Extra
8-15
——
preferred
2
8-15
9-10
Light Co.—
Gas
$1
(quar.)
9-
9-
115c
(quar.)
Mines
Automobile
1
$1
—
9-15
15c
A.) Co., common.
(s-a)
—
—~—
(S.
Agricultural
9-
-
Concen¬
Burlington Mills Corp., com. (quar.)
4%
preferred (quar.)
3V2% preferred
(quar.)
3x/2% convertible 2nd preferred (quar.)
Burlington
6%
60c
(quar.)
common
8-15
30c
Group Securities,
20c
(increased)
Co.
8
15c
Line Co
$5 preferred (quar.)—-—
Machine (quar.)
1
8-
2
9-
6
8-11
$1.50
Company
8-11
$1.50
—...
Co
Trailer
Greenfield
$1
(quar.)
Pipe
Buckeye
8
$1.75
—
7-28
1
—————
Grandview
$1.50
preferred (quar.)
Bigelow-Sanford Carpet,
common
6%
preferred "(quar.)
Binks
Manufacturing Co
Blaw-Knox
Co.
(quar.)
Borden Company (interim)
.
Boston Woven Hose & Rubber (quar.)
Mills
2
10-
$1.50
1st preferred (quar.)
Bethlehem
Steel
Corp.,
common
8-
8-
(quar.)
—
Electrical
$6
9-10
8-20
15C
(H. C.) Co., 6% pfd. (quar.)
Manufacturing Co. (irreg.)—
—
(H. W.)
Co._
——
Gossard
Grace National Bank
(N. Y.)—
—
Grafton & Co., Ltd., class A (quar.)
—
Graniteville Co. (quar.)
—
h
1-—•
_—
—
Co., 6% preferred (quar.)—_
Beau-Arts Apartments, $3 prior pfd. (quar.)
9-10
9-30
t30c
Gorham
9-15
(quar.)
N. Y.—
9-30
93%C
Godman
15c
Life Insurance Society—
—
(quar.)_
pfd. A
—C.
Jackson RR.
preferred (s-a)
Gerrard
2
9-15
—
Mfg.
Canada
bds., due 1971_Oct
common
California Pacific Title Insurance375
Depot Co.—
mortgage series
Show,
Extra
1
.Sep
8-
5c
Quarterly
trating
1
Sep
Sep
—Sep
2
75c
—
—!—
Radio
4
9-;
tlOc
(quar.)_—.—L
pfd.
Quarterly
Shippers Insurance Co. of
Buffalo
13284
5
-
9
8-28
—
preferred (quar.)—
——
Manufacturing Co., class B
General Industries Co
—
General Mills,
3%% preferred (quar.) —
General Paint Co.
(quar.)
General
Refractories Co
——_
General Tire & Rubber Co.
(quar.)
75c
—.
8-
Gemmer
53y8c
1
2
4%
8-27
8-25
50c
9-
9-20
50c
pfd. (quar.)—_
Wayne &
5 »/2 %
$1
——
—
preferred (quar.)
:—„— ■
Connell Dredge & Dock Co,—
Fruehauf
9-12
$1.12 y2
9
92>/2C
Resumed
Fort
37y2c
common
8-
———
Co.
Co.
Carpet
9-17*
1
2
$1
(see Marshall
(Marshall)
5%
50c
Bankers &
Bourne
& Scott Corp.—
6 x/2 %
Saint
2
9-
Fitz Simons &
37y2c
7%
1
.Sep
1
-Aug 15
Aug
5%
Hygrade
9-
——
common
preferred
Beacon
Carolina,
&
8-15
1
9-10
9-25
35c
—
Preferred
—,—
Mill,
Bankers Security
Page
Date
1
U7y2c
8-
$1
(quar.)
Co,
Birmingham
:
Extra
3iy4c
Corp.,
Baltimore
PARTIAL REDEMPTION
Company and Issue—
Graton
1
Ltd., common (quar.)
t$i.i2y2
4x/2%
convertible preference (quar.)——
20c
Avon Allied Products
(quar.)
.
15c
Bagley Building Corp.
(irreg.)
$1.05
Baldwin Locomotive Works, 7% pfd. (s-a)_
Argus
6%
Devoe
8-15
—
(quar.)_—
B
Farms
partic.
$3
Co.,
5
8-
1
Bay
Firth
$2
Thermos
Common
Arden
TENDER
5Vz% preferred stock
Sep 23
Hydraulic Press Mfg. Co., 6% conv. preferred stock—Aug 9
Long Beach Gas Co., 1st mtge. 5s____
Aug 6
(Walter
9-
1
9-
State Telegraph—
guaranteed
(quar.)
Derrick & Equipment (quar.)
&
Field
20c
Bottle Co.—
4x/2%
preferred (quar.)
American Tobacco Co., common (quar.)
location in
Date
1
9-
35c
(quar.)
Manufacturing Co.
9-18
—
preferred
(quar.)_
Steel
Foundries
(quar.)—
American
Utilities
9-15
75c
(quar.)
A
Rolling
American
called
Company and Issue—
10-
—
8-11
2c
(s-a)
of 111.—
(quar.)
(quar.)—.
A
Class
Participating
OF
75c
——
Ltd. (quar.)—
Associates (quar.)
1
8-14
8-29
t37y2c
Products
Steel
10-20
9-
9-15
Co.
(quar.)
10-
1
5
9
93 %C
*
25c
3%% pfd, (quar.)
(quar.)——
Farquhar (A. B.)
Federal Chemical
2
5
8-
8-
1
50c
Corp.
Co.
Picher
Extra
9-
8-
8-15
9-
m.i2y2
Farrell
9-
8-15
15c
class A pref. (accum.)
L.) Shoe—
convertible* prior preference
Eastern
8-15
2c
(quar.)—
& Chemical—
preferred
5%
given in the "Chronicle."
NOTICE3
Bethlehem
*
(quar.)
Common
Class
ing tenders, and the page number gives the
15c
(increased)
Dupuis Freres, Ltd., 4.80%
Durham Hosiery Mills, 6%
7-25
8-15
8-22
(W.
Eastern
2c
for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
Armour
2
4
8-11
9-10
17 Vic
conv.
Electric
8
8-
8-15
—1
common
Industries,
8-15
9-15
15c
&
Ice
7-31
2
9-
$1.25
$1
8
10-.
8-15
(irreg.)
Electric
&
Dumont
4
9-
9-
$1.75
—
1
8-15 '
12'/2c
—
(quar.)
& Light—
Dresser
1
8-
1
8-
18,378
Notices
Heller
9-
9-15
—
convertible preferred
(quar.)
American Hydraulics, Inc.
(monthly)
American Potash
Albert
9-15
6%
Redemption Galls and Sinking Fund
Gas
$1.50
1
25c
7% pfd. (quar.)
Leather—
Co.
American Investment Co.
preferred
9-
25c
(irreg.)
Co.
American Can Co.,
9-
40c
preferred (quar.).
preferred
(quar.)
4%
15C
(quar.)
9-10
56'/4C
Quarterly
—
Equitable Fire Insurance Co.—
(Charleston, S, C.) (s-a)
Fail River Gas Works Co.—
50c
(irreg.),
Corp.
Arch Co.
American
23
9-15
ir
8-15
1
(quar.)
Power
Emsco
35c
——
2
——
Hudson
75c
.—
American^ Indemnity
;v.?
Company,
Douglas
5
$1
(quar.)
Co.
(quar.)
9-
10-
$1.50
(quar.)
Utilities
25c
preferred
8-15
$1.25
Corp.
&
Eaton
8-
25c
2
Coal, 5% pfd. (quar.)
Disher Steel Construction Co., Ltd.—
8-20
$3
8-15
9-
—
—
Co.
preferred
Diamond
9-10
50c
—■
American
.
during week
&
Derby
7-28
1
10-
2
25c
common
Extra
8-15
5c
r
45c
9-
:
Oil
Rock
4%
Holdert
9-15
25c
Extra
714
367
9,009
Foreign banks
9-15
8-10
$3
Co.,
(quar.)_.
B
Eagle
10-
..
(quar.)
common
American
Domestic banks
Debits
—
common
Laboratories
Stores,
Allis
demand deposits:
Interbank
22
pfd
Products^
—
Class
50c
(quar.)—
Allied
14,431
deposits, except Govt
TJ. S. Government deposits
Time
8-11
30c
3/10c
—_
(quar.)
—
Co., 3% % preferred (quar.)
Publishing, $4 prior pfd. (quar.)——
Leather, Ltd., class A (quar.)
Crane
413
8-15
t25c
^
Allied
47,187
8-11
2
9-30
Corporation
Cory
—
Co.
Kid
Allied
75
4%
deposits adjusted
2
9-
2
Corp.—
(New Hampshire)
Gas
Wood
Extra
59
25c
Corp.
Industries
Allen
LiabilitiesDemand
&
Alberton
254
+
—
9-
9
75c
Refrigeration
Copeland
162
$$1.25
(quar.)
preferred
Corp.
Radio
Alabama
552
140
50c
87y2c
(quar.)
(accum.)
Power
Consolidated
20c
(irreg.)Vicksburg Ry (s-a)
Aircraft
2,896
+
45
+
8-25
(quar.)
Consolidated Edison Co. (N. Y.)
Empire
Co.
convertible
5%
6,390
4
—
(quar.)
Ball & Roller Bearing,
Wire
Acme
35
—
2,268
vault
in
13
+
11,808
Cash
121
—
4,165
Balances
121
+
30,868
bon
S.
+ '
2
(quar.)
preferred
Connecticut
307
When
25c
class A (initial)
Acadia-Atlantic Sugar Refineries, Ltd.—
Class A
preferential partic. (quar.)——
5%
preferred (quar.)
—
.
70
3,053
Treasury
9-
9-
Telephone Co.—
preferred
7%
Payable of Rec.
Share
Title & Mortgage,
Abstract
982
+
9-16
RR.—
Southern
Concord Gas Co.
161
Deep
Per
Name of Company
1
25c
(accum.)
Delaware
324
s—
25c
7-31
(quar.)
Bend RR.—
Elevator
&
Delaware
377
4
509
Loans to banks.
U.
preferred
$5
t2004
announced this week are:
dividends
The
18
55
+
530
securities
Other
3,017
+
8-20
8-11
(quar.)
&
Commonwealth
*2004
declared.
519
obligations
Government
S.
3,084
+
for pur¬
dealers
chasing or carrying:
U.
5,387
—
35
+
11,833
loans
Loans
97
+
agricultural
and
industrial,
Commercial
+
20,194
2
3.70%
1946
1947
1947
9-
10-
Subject to SEC approval
DIVIDENDS
July 24,
July 16,
July 23,
Milling
Commonwealth
grouped in two separate tables. In the
first we bring together all the dividends announced the
current week. Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid. Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
Since
Dec. (—)
8-
10c
,
guaranteed
preferred
$3
12960
1
Dividends are
Inc. (+) or
dollars)
9-20
8-20
25c
Pittsburgh
&
Colorado
7 %
•
*
1
9-30
regular
Deere
of weekly reporting member banks in¬
creased $38,000,000.
A summary of the assets and liabilities of reporting
member banks follows:
*
8
9-20
15 c
guaranteed (quar.)
Climax
Molybdenum Co
Coast Counties Gas & Electric, 5%
Colorado Central Power
(quar.)„
trict.
Borrowings
8-
$1.12y2
(quar.)
(quar.)
Engineering
special
7%
flVol. 164.
tVol. 165.
issue.
•Announcement inv"this
Cleveland
55
_
and $24,000,000 in the
Government deposits
increased $49,000,000.
Demand deposits credited to do-s
mestic banks decreased in nearly all districts, the prin¬
cipal decreases being $116,000,000 in New York City,
$51,000,000 in the Chicago District, $49,000,000 in the San *
Francisco District, and $46,000,000 in the Cleveland Dis¬
1
Chicago Yellow Cab Co
4 %
4
$27,000,000 in the Chicago District,
Cleveland District.
United States
9-
Reduced
157
Anytime
deposits adjusted increased $152,000,000 in
New York City, $28,000,000 in the San Francisco District,
8
27x/2c
.
-
Edison—
States
Chambersburg
*
debenture bonds, series A, due 2022
Lebanon Gas & Fuel Co., 1st mtge. 5s, due 1956—
Sep 1
Lebanon Valley Gas Co.—
.
1st
mtge. 5%
bonds
SeP 1
Nebraska Power Co.—
6% debenture bonds, series A, due 2022
New Amsterdam Gas Co.—
1st consolidated mortgage 5s, due 1948
Any time
New York Gas & Electric Light, Heat & Power Co.—
1st mortgage 5% bonds, due 1948
Purchase money 4% bonds, due 1949—
—Anytime
Northwestern Electric Co., 1st mtge. 4s, due 1969-,—Aug
Pacific Power & Light Co.—•
1
•
..
1st mortgage & prior lien 5s, due 1955
Aug 30
Power Corp. of Canada, Ltd.—
1
4%% convertible debentures, series B—
Sep 1
Public Service Co. of Colorado, 4%
debs., due 1949—Aug 8
Southern Pacific Co., San Francisco Terminal—
1st mortgage 4s, due 1950—
Oct 1
United Light & Power Co.—
1st lien & consol. mtge. 5x/2% bonds, due 1959
Aug 21
United Light & Rys. Co.—
)
1st lien & consol. mtge. 6% bds., series A, due 1952_Aug 21
Demand
8-
1
Central
*
Sep
1
Chicago South Shore & South
1
8
—Sep
2
9-
8-20
30c
preferred
267
Aug 15
6%
9-
15c
l
(quar.)
Illinois Light Co.—
Paper Co.
112142
1951—Any time
Light Co.,.4'/8%
Electric Co.—
Florida Power &
9-10
Light & Power—
4 V2 %
J3275
(formerly 6%) pfd. stock—July
debs., due 1979.,
Aug
4x/4%
Co.,
Paper
Flambeau
8-20
2
50c
(quar.)
Special
Eagle Lake Lumber & Pulp Co., Ltd.—
Collat. trust 5% notes, due 1949
8-15
2
9-
(interim)
Co.
Central
stamped 7%
ing member banks.
2
9-
50c
preferred
Central
'
&
Steel
Arizona
Common
J3274
—SeP *
Oct 1
convertible debentures, due 1956
& Co. (111.), 7%
preferred stock
3%
Bing
Carpenter
$1.10
Armour
9-
25C
(quar.)
Co.
Paper
Extra
Co.—
American
J25C
Quarterly
Carpenter
Central
CALLED
Co., Ltd.—
Canadian Fairbanks-Morse
1
due 1993-Sep
bonds, series A,
CO
Payable of Rec.
Share
Name of Company
Holder•
When
Per
Page
Date
July 21
Aug 29
..-Sep 1
Company and Issue—
4,1947
Monday, August
FINANCIAL CHRONICLE
THE COMMERCIAL &
(504)
44
8-
5
7-24
30c
10-
1
9-12
$1.37y2
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4617
166
When
Per
Name o/ Company
Heyden
Chemical
3 % %
preferred
Howard
Share
Corp.,
A
(quar.)
com.
(quar.)
Corp., common
preferred
(quar.)
9- 2
9- 2
9- 1
9-
1
8-11
9-10
8-11
8-
7-19
Humble
Oil & Refining Co.
(increased)
Hydraulic-Pressed Brick, $6 preferred
Imperial Tobacco Co. of Canada, Ltd.—
Ordinary
6%
(interim)
preference
Imperial
Indiana
deposit
Steel
Inland
&
New
&
3%
8-12
13%%
(interim)
receipts
I
Co.,
8-14
(quar.)
8-
Simplicity
City
Kelvinator
Stock
of
Yards,
Southern
Canada
Canada,
Ltd.
Series
"K-l"
8-28
Southern
Spring
9- 5
Standard
Cap
1Q-
1
9-5
preferred
(quar.)
Standard Dredging, $1.60 conv. pfd. (quar.)
Standard Forgings Corp.
(quar.)—...
Standard Oil Co. of California
(Del.)
(irreg.)
$1.25
t$l
.—-
7-24
1
9-15
8-
8-30
53c
Lake
Le
Tourneau
Loew
Drug
Lone
Star
Lord
&
7-31
9-13
9- 4
8-29
8-15
$18c
9-15
8-15
Stouffer
$1
6%
(quar.)
Inc., $4 pfd. (quar.)
(Texas), 30c pfd. (quar.)__
9-1
8-9
Superior Tool
(R„ G.),
Co.
Gas
Co.
Tay)or,
1st
Lowney
(quar.)
6%
MacLaren
Power
$5
Co.,
Marshall
Tampax,
Inc,
8-15
Taylor
&
Fenn
Pearson
10-15
25c
9-15
9-
$1.50
8- 1
8-30
8-16
i....—.—
-_1_„
6% prior pfd. (quar.).
414:% preferred
(quar.)...
Field,
2nd
$4.25
preferred
Extra
Fire
(quar.)
6%
Co.,
Abrasive
Middlesex
Water
Mutual
Mohawk
Carpet
Life
9-15
8- 8
35c
9-
1
50c
9-
1
$1.06'A
9-
1
s-a).
50c
(quar.).
9-15
9-
9- 2
1
8-
5
6%
1st
9-10
8-29
7%
8-15
8-11
933Ac
9-10
8-20
$1
8- 1
7-23
Autocar
New
9-
8-15
5%
5%
series A
5%
convertible
National
Lead
Extra
Co.,
preferred A
preferred
B
8-12
7-21
Neisner
11-1
Inc.
50c
.
(quar.)
Bedford
Storage
New
Process
Niagara
Norfolk
&
Northern
Co.
(quar.).
Weaving
Co.,
Ltd.
Life
(N,
Co.,:
125c
Power
Seamless
8-16
8-
5
4'/a%
&
Co.
(N.
C.)
& Co., 40c'pfd. (quar,)....
Rig & Reel,- common...:
preferred (quar.)
Parmelee
Transportation-(reduced)
Peaslee-Gaulbert
Corp.
Extra
(quar.)____.
&
&
Philadelphia
Co.,
10c
8-
1
25c
9-
1
9-
1
6.%%
class
9-29
Potomac
6%
Electric Power,
preferred
Power
3,35%
5*%
convertible
$4.50
Inc.,
preferred
9-15
9-15
10-15
9-
9-22
1
8-20
8-20
1st pfd.
(quar.)
2
8-11
25c
9-
2
8-15
9-
2
8-15
■
(qua,r.)
5%
&
Co,,
common
...
prior
S%
(quar.)
A
(quar.).
series
A
pfd,
(quar.)
Inc.
Rochester
Gas
&
preferred
4% %
Paul
Sagamore
Union
Mfg.
,
(quar.)...
Common
6%
8-15
8-29"
8-29"
(irreg.).
(quar.)
8-15
$3.65
Mfg.
Co
Manufacturing Co.—
preferred
(quar.)
7-25
8-27
8-
9-
$5
8-15
2
8-29
7
3»/a%
American
8-11
10-15
9-19
10-15
9-19
Quarterly
American
6%
8-15
7-31
-
Bank
30c
8-29
10-
$1.06'A
10-
American Box
Board
11-20
2
8-15
,1
8-
1
9-10
American
Business
9-
American
Can
25c
"10-1...
10-
9
9-9
1
683Ac
$25c
8-15
9-
8-
5
'*^8-25
1'
9-. 2-— 8-12
Extra
American
7%
American
1, ..-9-15
American
10- 1-- .-9-15
American
10-
1.
9-19
9-15
,
-
9-10
Chain
Boyertown
Bruck
9-
1—
9-
1
10-
1
9-10
37%c
8-15
7-31
American
&
Cable Co.,
preferred
(quar.).
& Light, CI. B
(quar.)
(irreg.)
Power
7-28
New
8-
$2.50
i-,.
91%c
12-1
5
..-
11-14
$2.00
5
8-
Canada
6
8-
8
1.
•
8-15
10-
1
8-1
$1
9-
1
8-18
9-
2
8-15
1
9-
4
10-
1
9-
4
9-
1
8-
1
88-
5
8-15
7-24*
10-
2
1
Preferred
9-19*
35c
9-15
9-15
9-
15c
8-
9-15
5
9-
9-
5
M.)
Central
Central
Certain-Teed
4'/2 %
preferred
Home
8-
8
8-15
8-
8
(monthly)
1
9-
9
7-31
9-
8-22
2
9-15
8-15
8-15
8-T
9-
2
8-
9-10
8-
1
9-
1
8-
4
9-
1
8-
4
8-15
9-15
9-
2
7-31
8-22
1
8-15
8-15
7-31
8-15
7-31
8-15
7-31
50c
8-26
9-20
8-20
6-15
8-29
Ltd.—
(s-a)
com.
$40c
(quar.)
com.
8-30
$30c
(s-a)
Corp.
9-10
$32'/ac
8-30
8-15
8-15
$15c
10-25
9-19
$$1.75
10-15
9-19
$3.50
8-15
$20c
Ltd.,
8-22
7-29
8-22
7-29
8-
8
$18%C
1
8-29
10-
1
8-29
$$1.12 »/2
(quar.)
10-
$25c
com.
....
10-
1
8-29
10-
1
$75c
$20c
8-15
8-29
8-
1
$$1
1
9-19
10-
1
9-19
$$2
(quar.)
10-
$$1.25
10-
1
9-19
$$1.25
8-15
7-25
9-
1
8-15
37'/a c
(quar.)
Co.
12-
1
11-15
50c
...
(quar.)
75c
40c
pfd.
Electric
(quar.)
Co,
$1.25
(quar.)
40c
Ohio
Steel
(quar.)
Steel
8-11
8-30
7-30
8-15
9-16
9-
9-
8-15
2
8-15
8-
2
&
Products
90c
prior pfd.
Champion Paper & Fibre. Co.,
$4.50 preferred (quar.)
9-
1
8-
8
Charis Corporation
62 y2 c
9-
1
8-
8
Chase
9-
1
8-
8
10c
9-
1
8-14*
Co.
Chesapeake Corp.
Chestnut
Hill
50c
15c
(quar.)
75c
Candy
;
—
Wire
99-
1
1
2
8-11
8-15
8-15
7-21
Products—
50c
—...
(quar.)
Products
8-15
5c
8-
8-15
37y2C
Co.
preferred
Central
5c
9-20
Central Ohio Light & Power—
8-30
(quar.)_—
2
8-15
27'/2C
(quar.)
Louisiana
8-15
Corp., $3 pfd.
(quar.)—
8-22
$25c
Tractor
8-15
Co.—
9-
50c
62'/aC
i
Storage
Central Foundry Co. 5%
.
7-31
37'/2C
(quar.)
Ltd., 7% preferred
Foundry Co., Ltd.—
&
8-15
7-31
15c
Central Cold
5
2
(A.
Caterpillar
7-21
30c
Castle
2
8-20
35c
...
(quar.)
(quar.)
Preferred
9-19*
10-
Ltd.,
(quar.)
preferred
preferred
9-
8-15
15c
quar.)
(quar.)
8% preferred (quar.)
Canadian Utilities, 5%
preferred
Capwell Sullivan & Furth Oak—
1
8-20
5%
1
9-
4%
15c
Co.—
Products,
(quar.)
pref.
;
15c
Canadian Foreign Investment Corp., Ltd.—
Quarterly
:
Canadian Oil Cos., Ltd. com. (quar.)
„
10-
A
9-15
(initial)
8-20
25c
(quar.)
9-11
General
1
9-15
15c
Food
Class
3.6%
common
1
8-
30c
_s.__
(quar.)
Canadian
9-17
4'/2%
$3
$1.75
quar.)..,
(quar.)
Forgings,
Power
<?j
7-25
8-
$12'/a c
Co.,
Car
Common
r
8-15
50c
(quar.)
Starch
Canadian
(
30c
preferred
American
8-15
1
9-
preferred
7-31
9-20
$1.12'/a
Co.
preferred
Northern
$1.50
Hoe
&
common
8-20
9-10
9-
$$2
Co.—
Extra
25c
7%
1
$37% 6
&
Foundries,
(accum.)
Furniture
American
7-22
Canada
8-15
10-
8-15
*
(quar.) 1:
9-11
American
-7-22
Foundries
$1.75
Fork
7-29
9-1B
7-18
8-21
7-31
16c
Mills
Power
Service
non-cum.
1
$25c
Water
8-15
$1.75
(quar.)
(reduced)
Packing Corp., common
preferred (quar.)
Iron
8-21
8-15
.
..
Cotton
A
5
8-2!
15c
(quar.)
Co. (increased
Electric
(accum.)
American
2
68%c '
...
com.
Jackson
8-10
$1.25
com.
...
Foreign
preferred
7-29
10-
75c
(quar.)
2
8-15
9-
15c
(quar.)
preferred
Class
2
9-
$30c
Co.
Mfg..:
Brothers
Canada
99-
...
4.4% preferred series C (quar.)...
Campbell Wyant & Cannon Foundry
Canada Cement Co. $1.30 pref.
(quar.)
7-31
2
1
56%c
California
7-15
9-
4'/2C
(quar.)
Colotype
$7
$2
...
Falls
(F.)
California
Payable of Rec,
9-
9-15
75c
Chsket, (reduced
California
Holdert
25c
Inc
Foundry Co., common
preferred (quar.)__
&
(quar.)..
Burroughs Adding Machine
When
8-15
50c
(quar,)..
8-15
40c
8-15
-
Burial
Trust
9-15
8-15
87'/ac
Estate
Hills
Byron
8-15
1
25c
Mills
Butler
1
1
9-
$1.06'/4
(Sidney) & Co. (quar.)
C.) Co. 7% 1st pfd. (accum.)
Inc.
(quar.).
Buck
———
8-
9-
50c
Burkart
—j
8-15
c
25c
(quar.)
Silk
Class A
(quar.)
common
Cities Pwr.
$6
$1
25c
&
preferred
10-
50c
Car
Co.,
non-cum.
5%
Co.
25c
50c
8-15
75c
Shares,
8-31
Cement—
9-16
—
75c
...
8-15
8-31
$25c
&
1
8-30
10-
.
(quar.)
2
12'/2
Bourjols, Inc., $2.75 preferred (quar.)
Bower
Roller
Bearing
(quar.)
Bowes Co. Ltd. class A (quar.)-
1
4
9-1 n
1
(quar.)
Boston
9-
8-
8-28
1
$5C
8-30
12-
1
$1.25
9-15
25c
2
9-12
109-
J.
(H.
10-20
1
8-15
10-
Fund,
8-20
6
8-15
10-
(quar.)
(Philadelphia) com.
preferred (quar.)
Bliss (E. W.)
Company—
$2.25 conv. pfd. (quar.)
9-20
9-
1
10>
$$1.50
...
Blumenthal
1
6
50c
Boston
1
9-
P
8-29
10-
$1.18%
quar.)
(quar.).
Bohack
2
10-15
t35c
(increased
9-19
9-
10-15
12-
$$1.75
8-30
25c
9-
10-
6
preferred
Real
9- 9
9-12
37'/2c
(quar.)
9-19
11-
1
1-2-48
25c
25c
1
10-
10-
83/40
9-15
20c
com.
7-31
83/4C
28c
•
(quar.)
8-15
$3
9-19
1
10-
4%
8-25
1
Insurance (St. Louis)—-
Note
preferred
5c
...
Blauner's
8-11
25C
——'
7-31
Ltd.—
(initial)..
Best & Company
8-15
8-11
Inc.—
Automobile
8-15
•
_
10c
J25C
common
Bessemer Limestone
2
20c
(quar.)..
8-15
8-15
*
(s-a)
(quar.)
9-
$2.50
preferred
1
(quar.)
preferred
common
'9-2
$$1.12'/2
15c
convertible
8-15
2
9-
8
& Sons,
A
6%
(quar.)
2
9-
(quar.)
Co
common
...
(J.)
New
Youngstown RR.—
preferred
9-
25c
7c
C
9-
convertible
Canada
(irreg.)
8-15
(quar.)
Class
8-11
1
$50c
....
2
.
8-29
$75c
;
8-
9-
5
Paper, Ltd.—
Co.,
8-29
1
(quar.).
8-18
2
25C
...
Extra
Ltd.—
Stores
*
t$1.50
84c
&
convertible
$1
San-Nap-Pak
Scovill
1
Share
Paper,
Shoe
American Airlines,
8-15
$1.12V2
(quav.)
Co.
'
Aluminum Co. of Canada, Ltd. 4% pfd.
(quar.)
8-15
$1.25
...
common..
Stockyards
"
9-10
9-
15C
Howell
Common
5%
Aluminium, Ltd. (quar.)
I Amalgamated Leather Cos., Inc.—
$1.25
Extra
'
preferred (s-a)
Alabama Mills, Inc., common
Alpha Portland Cement..
8-15
Electric—
F
(Jacob),
preferred
8-
&
Extra
,1
>,8-15
$1
5%
1
$1.37%
&
Canton
1
'
4%
Akron
$1.25
(quar.)
Ruppert
2
56'Ac
(initial)
pfd.
1
30c
(quar.)!
preference
(quar.)
Brothers,
$1.50
9-
$1,12%
_
8-15
9-
10c
(quar.)
Tube
Company
$1.25
I
preferred
5%
8-30
give the dividends announced in previous
The list does not include divi¬
we
Agnew-Surpass
9-
i
(initial).
preferred
Rockwood
&
25c
com.
A
(quar.):
Robinson, L'ittle & Co., Ltd., class
,
preferred
Sheet
Power
9-
Republic Petroleum Co.— '
5%%
Abitibi
$1.37%
$75c
(quar.)..
new
(quar.)
4'/2%
8-15
(quar.)
California
8-10
9-
$1.50
preferred ' (quai\)__
Rand,
1
10-1:
30c
New
preferred
Oil Co.,
common
Remington
(quar.).
preferred (quar.)
Hampshire—
(quar.)
of
22'/ac
25c
______
8
7-25
2
25c
4'A% preferred (quar.)
Berghoff Brewing Corp. (quar.)...
Berkshire Fine Spinning Associates—
8-15
preceding table.
25c
partic.
Co.
8-15*
week, these being given in the
37%c
„
(quar.)..
non-cum.
10-
25c
(accum.)
pfd.
S-IS*
1
7-25
25c
...
5%%
1
8-30
weeks and not yet paid.
dends announced this
7-25
$1.25
ts-a)_
series
9-
9-
$9
Bell
.
7-25
$1.75
-
1
Corp.'of Canada, 6%
"Public Service
7-30
7-30:jg
$1.37%
(quar.)-_
:
1st
Below
7-25
25c
A
(quar.)
8-16
8-16
25c
Co.__
Co.
A
4'/2%
9-19
20c
______
A
2
2
Per
Co.—
prior preferred
Co., .class B
&
$1.50
9-
25c
.
8-20
$1
1
Steel
(monthly)
8-
2
9-
(quar.)
Sons
Belding-Corticelli, Ltd.,
7% preferred (quar.)
Belding Heminway Co.
4*
25c
Worsted
Name of
,
Extra
Co.
2
9-
(quar.)
$1.12ya
•
8-20
$1.06(4
Philadelphia Suburban Transportation—
Quarterly
Pittsburgh
8-15
4
Co.—
preferred
9-
75c
common
(quar.)
Jr.
5
8-
...
5%
5
15c
Gear, 7% pfd.
Co.
(quar.)__
Pettibone-Mulliken
9-
8-
...
$5 preferred (quar.)
Peoples Gas Light & Coke (increased)______
Machine
9-15
8-15
8-30
'
25c
■
...
9-
$1
Inc. (increased quar.)
Beaver Lumber Co.,
Ltd., $1.40 pfd. (quar.)
Beck (A. S.) Shoe
Corp., 4%% pfd. (quar.)
9-15
2
50c
_______—_____
York Corp.,
Youngstown
6
8-9
.....
Power
(quar.)r
8-
1
9-
9-20
35c
Co.,
8
(quar.)
&
87'/ac
(quar.)
8-
$1.50
Cigars,
Bertram
(quar.)...
2
,
Power
95c
common
Light
(Rudolph)
Wyandotte
8-20
2
8-25
(final)
Water
1
9-
15c
.....
Corp.
9-
10-
$2
(quar.)._
&
Co.
.
Class
Inc.—
_____
Monthly
6
30c
__
Perkins
10-
Monthly
_■
$1.25
(quar.)
(S.
Common
(Win,),
Monthly
7-21
...1
$1
Co._...
Y. 1
$4.25
Pennsylvania
1
9-9
8-15
$1.25
(quar.)_.
&
preferred
Wurlitzer
Manufacturing
Insurance
Rivet
8-
8-11
$1
,
pfd.
(quar.)
Power
9-8
2
$1
Ine.,
Wrigley
$6
$1
........
common..,
Wisconsin
1
9-
Oil
Bathurst
9-
,
Products
preferred
5
Barnsdall
53c
.,
8
9-
Extra
8-15
$2.25
Works
Stores,
preferred
8-14
8-
Parkersburg
Penn
6%
8-15
Tubs
Marine
Fire
9-4
1
Co.,
4'/a%
Chlorine
Machine
8-16
(quar.)55c
4%'% preferred (quar,)
$1.12%
Co...............
65c
Co.,
...
(quar.)____
(Geo.), Ltd.,
$4.25
Telephone—
preferred
Ohio
10-
2
$2
.........
Ohio
Parker
Wieboldt
8
$1.50
u
Associated
Pacific
9-
8-
.
Common
Outboard
7-29
Whitin
9-12
9-10
20c.
common...
5
8-
Barber-Ellis, Ltd. (quar.)
2
$1.12
(quar.)
B
(Joseph)
9-
75c
j(quar.)
com.
9-
2
t25c
Bancroft
9-30
20c
(year-end)
Westvaco
(s-a)_._.
Common
$2.20
7-21
1
Snowdrift
&
preferred
(s-a)__l_.
Y.)
Insurance.......
Noyes. (Charles)
8-
3.8%
50c
Co.
_.L
Northern
1
50c
(quar.)l.
Washington Steamboat
Extra
8
8-
40c
_
Insurance
8-20
8-
8-15
Weston
Co,..
Wire
9-10
8-15
$1.50
8
8-4
$1.50
Westinghouse Electric Corp.,
common.....
3'/2% preferred series A (quar.)
50c
25c
.
Warehouse-—
Light
Oil
preferred
$4
8-
Bayuk
(quar.)
9-
9-30
Steel—~"
Porcelain
9-10
Extra
:
9-30
25c
8-20
10-
8-15
}5c
series
preferred
$2.50
2
$1.75
_
....
Baltimore
9-8
2
8-15
9-
9-
__
preferred
1
9-
2
40c
(monthly)
,
convertible
10-
8-~4
9-
UOc
(quar.)
preferred
common
Extra
20c
...
1
8-
B
Mills,
convertible
$6
(initial)
60c
(quar.)
(quar.)
Gas
preferred
Common
.quarterly
Britain
Corp.,
2
8-2ff
9-15
$1.50
preferred
7%
...
Wesson
8-15
convertible
7%
(quar.)...
preferred
9-
40c
933/4C
(quar.)
1
.
(accum.)
1
15c
...
Ltd.
9-
(accum.).
8-30
1
Cement
9-15
$2.50
preferred (s-a)____
Chemical Corp.—
10-
*20c
9-15
Ry.—
9-15
$68.25
(quar.)..
$1
—.—
9-20
8-
9-15
1
9-30
1
ZZZZHIZZ
_Z
com.
$1.75
Bakers
Pacific
&
(s-a)
9-15
8-18
8-15
1
12-19
10-
(quar.)
Mines,
preferred
20c
9-30
1
130c
^Increased
Shreveport
Petroleum
33A%
Canada—
New Jersey Zinc Co..___
Neptune Meter Co., common
Dutch
25c
9-
.
9-24
12-19
$16.50
IIIIIZII
Baltimore American Insurance Co.
10-
(quar.)
20c
25c
$1.06'A
8-20
12-17
10-
.....
Washington Railway & Electric,
Participating units
5%
preferred
(quar.)
Wellington
Mills
(quar.)
Co.
Holland
$4.50
9-18
1
50c
(Northam), $4 conv. pfd. (quar.)..75c
(S. D.)
$0., common (quar.).
'
25c
Warren
9-12
1
Ordinary
New
9-30
10-
2
1-2-48
9-30
12-23
Company—
Avondale
50c
'
—...—
partic.
Warren
8-15*
$1.12%
(quar.)....
(quar.)....
Paper
preferred
6
1—
(quar.)..
Warren
9.
9-
22'/ac
...
common
preferred
6%
partic. preferred
Vogt Mfg. Corp......
Wagner Electric Corp.
10-13
15c
...
Kamp's
non-cum.
6%
8-25
$1.50
preferred
Products of Western
$2.40
5%
8
9-15
50c
...
(quar.)
Virginia-Carolina
8
9-
Castings
common
Brothers,
9-
9-30
8-12
65c
Corp.,
Common
8-15
9-30
$1.75
(quar.)
Co.,
9-10
12V2C
9-10
8-27
......
Co.
Corporation
Vicksburg
■-
Neiman-Marcus, 4%%
Neon
Verney
2
12Vic
(final)
de
9-
7-30
10- 1
CO
preferred
8-29
8-26
$75c
/
—
Steel
9-15
7-31
(quar.)..
S.
9-9
25c
Card
Potash
S.
Van
30c
preference
Nekoosa-Edwards
,
Plaving
7%
9-12
8-25
;
Steel
&
preferred
Tea
U.
*
8-15
...
Supply Co.—•
10-year
7-28
1
9- 2
(quar.)—
Malleable
$2
1
34%c
(quar.).................
National
4%%
810-
(s-a)
2
:—25c
Extra
;
common
National
National
U.
50c
(quar.)
—I
6%
8-22
Corp.—
—
1%
8-5
8-19
2
(quar.)
(quar.)
common
preferred
$1.25
(quar.)
8
7-22
12-23
■15c
_
S.
8-15
12 %c
Inc.
U.
9-
-
Lines,
4'/a %
9-2
50c
(initial)
common
1
4
$1.25
(quar.)
Co
Acme
8-
50c
A preferred
Specialties
Co.
S.
pfd.
Ltd.—
Gold
8
$3
(quar.)
preferred
Portland
8-
(accum.)
preferred (quar.)
Atchison Topeka & Santa Fe
Ry., common
Atlantic Coast Line RR.
(quar.)
Atlas
9-
1-21
2
$1
2nd
$1.06'A
9-
$1
p~fd."ZquarT)
pfd.
Extra
Associated Dry Goods
Aunor
conv,
10-22
10c
Asbestos Corp. Ltd.
8-11
—
1
Extra
8-12
—
11-
$1.50 1-31-48
r
(quar.)
Corporation (quar.).
$1
(quar.)—
10-22
(quar,*)
common
■.
6%
5*
8-29
1
25%
prior
9-
11-
.......
$6
2
9-26
1
$1.50
Ill-
7% preferred (called for
redemption Oct. 1
at $115 plus this
dividend)
Armstrong Cork Co. com
$3.75 preferred
9- 1
$1
Co.
35c
Mass.)
class
U.
8-
$2.50
...
Bedford,
United
3c
(Mass.)
(s-a)
5%% pfd. (quar.)..
By-Products,
6%
1
8-15
75c
Mills
Container
8-
15c
...
Society,
National
St.
pfd.
(quar.)
A
&
10-
75c
This payment clears all
arrears..
8-16
25c
(quar.)
(quar.)—
$4.25
Ar™0.ur
5
7-22
$ 15c
Co.,
preferred (s-a)
Arkansas Natural Gas
88-
8-11
$1.50
^
6%
7-24
9-15
(quar)
8-15
8-22
$1.75
"(quarZjl
(quar.)
A
5
40c
(quar.)
preferred
Cotton Mills
Common (quar.)
California—
of
preferred
prior
Arcade
8- 0"
9- 1
8-22
1
50C
Anglo-Iranian Oil, Ltd.—
Ordinary (final)
8-15
8-28
8- 1
$12'/2C
25c
—
United Aircraft Corp., 5%
United Fuel Investments,
8-12
8-15.
8-15
—
Insurance
Loan
No,tional
Roos
Co.,
9- 1
prior
Artloom
'
Co.
8-20
—
common..
Oil
Co.
preferred
(New
8-12
10c
——
Insurance
....
National
Ptire
40c
12'Ac
20c
(quar.)
Copper Mining Co.
Fence, 6% prior pfd".
Post
Class
Street Railway Co.—
Union
8-12
>
30c
Myer-Bridges Co.
6%
Oil
$3.75
9-25
$-22,„
(irreg.)
(quar.)
Life
Company
Monroe
1
9-30
(accum.)
Co.—
Co.
Midvale
Monarch
pfd.
10-
50c
A.
(increased
Laundries
Mid-West
Midland
$1.50
—...
Sugar
■
$1.06'/4
-
(quar.).
Assurance
Mid-Continental
Poor
Inc.,
(quar.)
Coal
Rubber
Union
8-29
....
common...
——
Michigan
Ohio
Tyer
8-25
1
8-19
—
Inc.
Truax-Traer
10-
7-23
8-29
—
Associated
Trunz,
5
7-28
5c
'
Carson, Ltd. (Canada)
preferred
(quar.)—
&
preferred
Water
8-
—.
(extra).—..
preferred
Merchants
New
4%
Tide
8-29
(quar.)—
Co.
Products,
8-12
8
9-15
20%
...
Thompson
1
(quar.)
convertible
8-
25c
(quar.)
...
9-15
8-15
25c
$1.25
(quar.)
(quar.)
5%'
7-15
$50c
RR.,
Martin-Parry Corp.
Corporation,
-
9-17
(quar.)
(cash dividend)
dividend
Central
Mead
„
10-1
(quar.)
Co., Ltd.—
(quar.)
receipts
* 9- 2
tH'Ac
1
8-15
Ltd.—
...
Die Co.
International
Deposit
Taylor,
common
preferred
(quar.)
&
$2
—
8-29
10-
9-
$1.75
Y.)—-
Refining"Tom"!"ZZZZZ
6%
*
Maine
$2
1
10- 1
9-30
9-
12- 5
Sanitary
Anglo-Canadian Telephone Co.—
8- 9
8-15
$31'Ac
7-81
(increased quar.)
6%
5
$31'Ac
8-15
25c
Co.
Anaconda
9-19
9-15
6
12-15
25c
American Sugar
Refining Co.—
7% preferred
9- 1
9- 2
8-28
(quar.)
(N.
8-27
8-
5
9-
$1.75
I—IIZIII"
9-30
,
9-
9-15
Quarterly
9-10
9-10
85c
.
$1.50
,>
(quar.)—
Paper (quar.)
&
Magnavox Company
Stock
Swift
8-22
_.u_„
...
common
non-cum.
8-
9- 8
Stove
40c
40c
20c
Extra
Corp.
Smelting &
American
40c
Paving & Materials,
Participating convertible preferred
Co., Ltd.—
quarterly
Metal Products,
partic. preferred
Macmillan
8-11
25c
(quar.).-
Increased
Lyon
7%c
_
(quar.)
common
preferred
(Walter M.)
Standard
8-15
10c
(quar.)—
common
American
1
Seal—
&
convertible
25c
Co.,
Company
Shore Mines, Ltd.
Koehring
1
9-
Anchor
$1.25
(quar.)
9-
9-15
9-24
8-29
$1.75
""""""""""I
7%
preferred
(quar.)
American Re-Insurance Co.
Power—
participating
6
"»
—
Creamery
....—_
10-
Keystone Custodian Funds—
Knudsen
(quar.)
(increased).—,
50c
pfd,
5%
9-15
10-15
8-15
9-19
common
convertible preferred
$1.60
1
$$1.50
75c
Company
_
9"
50c
(quar.)
9-15
preferred (quar.)—...
Bed Co. .(quar.)
Simmons
8-29
1
20c
1
10-15
5 % %
8- 6
1
10-
9-15
common
7-31
9-
10c
133Ac
$1
8-25
9-15
corp.,
8-15
—
Pattern Co.,
7-15
10c
7-31
10-
25c
....
...
9-15
When
Holdert
Payable of Rec.
25c
10c
(quar.)
50c
2
45
Co.—
preferred (quar.)
American Pulley Co.
(quar.)..
American
Radiator
&
Standard
50c
—...
8-15
10- 1
—
preferred
50c
(quar.)
9-10
6%
7%
9-2
8-15
(s-a)
(bi-"monthlyVZZZZZZZZ
*25c
(quar.)..
-
B
Share
(Newark, N. J.)
American News Co.
American Paper Goods
8-25
10- 2
t75c
—
-
-
class A
Gas,
Extra
Johnson—
9-15
$50c
......
(s-a)
&
90c
31'Ac
(initial s-a)
Laughlln Steel, common..,
preferred A (quar.)—
Kansas
B
Oil
Class
8-15
2
8-25
Co.
7%
A
(initial)
Brewing, Ltd.—
Winnipeg
35c
&
5%
2
9-
t25c
...
7% preferred (s-a)
N. Y. (s-a)__——
preferred
5 %
9-
50c
8-25
9-15
Company
American Ins.
Extra
8-30
9-15
23c
.
Extra
8 4
20c
(Canada)
Mills
9-9
9-11
Per
Name of
9-2
Water & Power—
preferred
Class
9-15
5c
(quar.)
Extra
common
Jones
9-30
Payable 0/ Rec.
15c
...
(505)
Holdert
25c
(quar.)
,
A
Shea's
8-12
—
Steel
Johnson
Class
Signal
Products.—
Knitting
Inc
class B
When
25o
B.),
Shawinigan
Ireland)
Jefferson Lake Sulphur,
Jersey Insurance Co. of
Jessop
(R.
Corp.,
Share
(quar.)
(Del.)
Extra
4%
Steel
Jantzen
1
Semler
Serrick
9-30
-
Co.
8-11
J 10c
_
Company
Oil
8-15
Co.—
Britain
American
50c
;
(s-a)
Tobacco
(Great
Name of
Seaboard
8-15
$1
(quar.)
Per
Payable oj Rec.
25c
87 %c
37 %c
$1.06 %
____
Stores
4'/4%
Holdert
RR.
(quar.)
(quar.)
of Virginia
com.
(quar.)
$1.12%
com.
25c
(quar.)
.
$1.12%
10-
1
9-10
10-
1
9-19
8-15
9-
5
20c
8-30
8-15
20c
8-15
8-
1
8-15
8-
5
9-
8-2Q
50c
75C
4
Chile
Chilton
$2.50
--New
8-15
8-
9-12
Cinecolor
t—;—
Insurance
9-15
8-15
9-
2
8-15
fl-15
11-15
Fownes
12-15
Franklin
.
8-
8-15
7-23
8-15
7-23
General
9-30
9-15
General
9-
1
50c
9-
1
8-20
25c
9-
1
8-
General
7-19
8-15
8-
9-10
"Common
River
Connecticut
8-25
8-
9-
8- 8
25c
(quar.)
(Toronto)
9-15
(quar.)
pfd.
6%
Power,
10c
*
10- 1
9- 2
10- 1
37V2C
37*/2c
11- 3
11-3
90c
$1
$1.12%
10- 1
<10- 1
10- 1
Consolidated
25c
Consolidated
25c
9- 2
9- 1
preference class A (quar.)
$1 partic preference class B (quar.)
Consolidated Gas
Electric Light & Power
(quar.)-
common
4%
preferred
(quar.)
4 y2 %
preferred
(quar.)
—
Laundries Corp. (quar.)
Paper Co. (quar.)
Gas Co. (Reading, Pa.) (quar.)—
(quar.)-——
Glass
Consumers
(quar.)
Co. com.
Power
Consumers
__—
(quar.)
Corp. of America, com. (quar.)__
preferred
Extra
Can
Co.,
(quar.)
Sexton
Ac
Cork & Seal Co., Inc., common
(quar.)
preferred
$4 conv. 2nd pfd.
(quar.)
preferred
7%
preferred
Stove
Detroit-Michigan
preferred
preferred
5%
5%
Detroit
8-21
8-29
7-30
8-
8
8-
5
5
8-15
Diamond
6%
D1
Co.,
preferred
partic
Giorgio Fruit, class A
8-15
8-
8*
7-15
Co., Ltd. Ordinary
Corporation (quar)
(quar.)
Distillers
Divco
(Interim).
Dodge Mfg. Co.
Extra
Dominion
Dominion
Tar
Common
&
(quar.)
(quar.)
7-21
10-
12-23
8-
B
11-
5
1-
Drug
(quar.)____
Paper, 4*/2% .conv, pfd.
Co. (quar.)
5
Co
preferred, A (quar)
Dravo Corporation com
(quar)
4%
preferred (quar)
Dun & Bradstreet, Inc. com.
4*/2 %
preferred
(quar.)
i
-Dwight Mfg. Co
t
Eastern Corp.
(quar.)
Eastern Massachusetts Street Railway—
8-15
6-27
—
•
8-
8-15
8-
1
8-18
1
8-15
8-15
10- 1
1
8-
5
9-10
10- 1
8-15
8- 4
9-15
$1.50
12-15
7-15
8-22
9-20
8-20
9-20
8-
1
7-16
9- 2
12-
1
Eastern Racing
...
.
.
(quar)
5%
jc 5%
Railroad
Co.—
preferred
preferred
Eversharp,- Inc.,
b%
preferred
$1.25
9-
1
8-15
$1.25
8-30
8-15
1
11-15
9-25
10-1
Co.,
1
9-
10-
1
9- 5
8- 1
0- 1
12-
11-
1
8-15
2
9-
I
2
8-
$22 %c
9-
2
8-11
8-19
9-10
8-20
2nd
8-15
50c
9-
1
8-15
Louisville
9-
1
8-15
Lowenstein
10-15
9-30
Extra
conv.
Horn
A.)
(George
8-26
8-29
8-19
9-26
9-16
10-31
10-21
Hardart
Co.
(N.
1
8-20
9-
2
8-15
8-21
8-14
9-
8-22
89-
7-26
$1.50
8-15
7-26
Y.) —
9-
8-
& Smelting Co.,
9-
$75c
Car
Co.
10c
(quar.)—
9-
8
8-
1
8-
8
7
9-
1
8-15
12 %C
preferred (quar.)____
5% preferred series A (quar.)___
Hussman Refrigerator Co.—
Formerly Hussman-Ligonier Co.
$2.25 preferred (quar.)
Huttig Sash & Door, common
5% preferred
(quar.)
9-
1
8-15
56y4c
8-15
8-
1
50c
9-12
9-
5
$1.25
9-30
9-20
$1.25
(quar.)
12-30
12-20
Co.
_'
St. Louis
&
Ry.
preferred
Inspiration Consolidated
Copper
Institutional Shares, Ltd.—
Stock & Bond Group Shares
Iron
(increased)
International Harvester Co.,
Holdings,
(quar.)
(quar.)
7% pfd.
Steel Co.—
Steel—
8-
4
8-
4
Quarterly __—____
Monsanto Chemical Co.
$3.25
pfd.
Moore
Motor
Co.
8-22
2
8-
com.
Oil
Mining
&
8-
lr
8-15,:
8-
37 %c
,
8-15
8-
5
8-15
8-
lv
8-15
8- 5
50c
9-15
1
8-30
8-25
9-
8-15'
5
8-15
9-30
8-28
9-
9-12
8-14
2
8- 7r
8-20
10-
7-31
1
9-20
12-15
12-
$1
8-15
8-
$50c
9-15
8-15
If
i
9-15
62 %c
C.)
Co.
9-
1
8-15
9-
1
8-15
93 %c
9-
1
8-15
85c
9-
1
43 %C
8- 4
8-30
43 3/4 C
11-30
11-29
25c
8-29
8-15
9-
$5oy4c
37 %c
•;
8-13
Mutual
9-
1
8-13
6%
,
1
7-31
8-15
15c
$1.75
8-
2
8-15
8-
8-15
1
7-31
35c
10-
1
9-12
87 %c
10-
1
9T12
$1.50
9-25
9-
5
80c
8-15
8-
$1.62%
8-30
8-15
10C
97 %c
$1.62%
$12%c
8-15
10-
1
8-4
f
,
1<
2
12-
9-15-
12-15-
■»8-.&
1
$13c
.11-10
9-15
9-15
8-1'.
f
1-2-48
9-
9- 4
x
■
8-15'
10-
1
8-15
i;,
8-15.
8-15
PM
.
—
40C
10-1
9t25
$2
9-15
8-29
.8-29
8-15
>
'
t
Development
37 %c
Muskegon Motor Specialties—
$2 class A (quar.)
1
8-15
8-31
75c
(quar.)
(quar.)
8-15
8-15
75c
$44c
—
1
93 %c
lc
9-
*'
$1.25
1
8-15
lc
$1
Railways of Central America—
preferred (accum.)
1
8-
25c
(William R.) Dry Goods
(J. P.) & Co. (quar.)
$1.50
International
1
2*
9-12
v
$1.62%
(quar.)
series A (s-a)
Ltd., common
(G.
9-
50c
(quar.)
Murphy
88C
$12%c
Cottons,
Diablo
7-15
8-
9-15
35c
Extra
5
8-
8-15
r
25c
Finaijce Corp. (quar.)__
Mount
8-19
25c
7%
Morgan
10-27,
11- 1
25c
Quarterly
__________
Massey-Harris, Ltd., common (increased) —
6y4% preferred
(s-a)
May Department Stores com
$3.75 pfd. 1947 series (initial quar.)
$3.75 preferred (quar.)
$3.40 preferred (quar.)
McClatchy Newspaper, 7% preferred (quar.)
7%
preferred (quar.)
McCord Corporation (increased)Mclntyre Porcupine Mines, Ltd. (quar.)
Meadville Telephone Co.
(quar.)
Meier & Frank Co., Inc. (quar.)
Mercantile Stores, Inc., 7% pfd. (quar.)
Merck & Co., common (quar.)
3Va %
preferred (quar.)
—
Mergenthaler Linotype
(increased)
Merritt-Chapman & Scott (increased s-a) —
6 Va % preferred A (quar.)
Messenger Corp., common
Metropolitan Edison Co., 3.90% pfd. (quar.)
Minneapolis Moline Power Implement Co.—
$6.50 conv. pfd. (accum.)
Modern Tool Works, Ltd. (quar.)
2
9-
6
Bonding & Insurance Co.—
2
8-15
$
8-
5c
9-
9-10
8-
1
$1.25
9-
$1.75
1
9-
12 %c
preferred (quar.)
;
Moody's Investors Service, Inc.—
$3 participating preferred (quar.)
$1.50
2-23
8- 8
1
9-
$$1.25
(quar.)_
9-12
1
9-
25 c
1
8-
8-22
11-21
.
.
10-
$50c
Ltd
.*
—
$1.25
7-31
2-23
9-10
12-10
20C
_____—
.____
Montreal
8-15
8-23
11-21
37 %c
Company
1*
8-31
9-10
12-10
10-48
3
$1.75
(quar.)
8-
60C
8-15
30C
&• Sons., Inc.
(M.)
8-11
25c
Corp
1
10c
Co.
RR.
2
5
9-
$2.50
(quar.)
(quar.)
9-
9-
8-15
Co.—
(s-a)
1*
9-23
1
$4
(quar.)
8-
50c
8
9-
$25C
$1.50
(quar.)
2
8-
20C
$1.50
Ingersoll-Rand
Special
•
2
8-
87 %C
(quar.)
20c
(quar.)
8-
1
8-30
$1.10 3-10-48
7-25
____-
Indianapolis Water, class A common
5% preferred A (quar.)
8-18
9-
25c
;
8-20
—
1
$1.10
8-20
9
8-
10-25
$1.10
9-
8-
1
50c
15c
2
11-
—
25c
45c
(quar.)
8-12
1
50c
35c
Assn
Co., common
Co.
(quar.)
8-12
1
9-
75c
8-20
Hyde Park Breweries
International
7-28
12 %C
Foods, Inc.,*5%
preferred
8-13
5
Ltd.—
Quarterly
Motor
2
1
9-
(quar.)__
Nashville
&
Massachusetts
2
8-15
$1.25
(Ind.)
Mar-Tex Realization Corp.__
1
9-26
$2
Bay Mining
Zinc
9-
8-27
Inc
Idaho Power
8-20
50c
(quar.)
Barbizon,
9-30'
8-25
9-
50c
Corp., common
preferred (quar.)
5%
1
30c
(quar.)—.
com.
8-22
12-31
9-10
50c
Marathon
9-
$1.06%
& Co.,
preferred
Extra
7-25
9-15
25c
(quar.)_
preferred
Illinois
8-15
10c
(quar.)
preferred
2
$1
(quar.)
i_——
Lukens
7-25
1
9-
10-31
$1
(quar.)_
(quar.)
Lynch Corporation
MacKinnon Structural
7-25
8-15
30c
(initial)-
common
5%
8-15
50c
class A (quar.)
Electrochemical Co.—
7-31
40c
preferred
(quar.)
Mackintosh-Hemphill Co. (quar.)__.
MacWhyte Company (quar.)
Magor Car Corp. (irreg.)
Madison Square Garden Corp.
(quar.)
Manhattan Shirt Co. (quar.)
25c
non-cum.
8-15
50c
5%
25c
common (quar.)
preferred (quar.)
Co. (quar.)
____
8-14
8-15
RR.—
Lukenheimer
8- 4
25c
5%
Hunt
8-15
25c
(monthly)
Stores, common
(H.) & Co., Inc.—
Hudson
7-21
—
convertible
&
8-15
—
(Charles E.)
New
1
$1
Monthly
$1
9-
$1
pref.
Monthly
Hooker
9-15
75c
Hilton Hotels Corp.,
Holt
1
25c
(quar.)
Inc. (quar.)
Hibbard, Spencer, Bartlett & Co.
$4
9-
$1.25
'
9-10
1
2
2
$25c
Chemical™
&
non-cum
.Extra
9-15
75c
(quar.)_
9-10
9-
3iy»c
(quar.)__
(s-a)
Common
5%
& Utilities Co.—
___—
12-22
1
9-
1
8-
$2c
Louisiana Land & Exploration Co,
37%c
(quar.)
pfd.
1
10-
4
8-15
35c
(increased)—.1
Henderson
Louisville
-
50c
(accum.)
Hercules Powder Co. 5% pfd.
Hershey Chocolate Corp. com.
62 %o
conv.
12-
12-31
37 %c
(quar.)_
(increased
preferred,
8-15
preferred
9- 4
9-11
8-15
10-
5
1
8-
12-11
9-
5
8-15
8-25
25C
•
1
1st
2
$25c
1
6%
9-
$3
(s-a)
:
(quar.)__
9-
Havana Electric
(quar.)___
B
9-
(quar.)—_
5%
811-
Baltimore Hotel—
Lord
25c
Harrisburg Gas Co., 4%% pfd.
Harshaw Chemical Co.
(quar.)
8-18
8-15
$20c
(quar.)_^
Ltd.
Ltd.
capital
50c
25c
8-30
11-15
$750
capital
9-10
$1.12%
8-22
$75c
(quar.)
(quar.)
Co.
Sons
guaranteed
capital ±
9-10
—,—._
Ltd.
(quar.)
guaranteed
guaranteed
A
Class
8-19
9-15
25c
(quarj
1
$1
(quar.)
Corp.
Co.
Class
9-15
$1
(quar.)_
10-
Groceterias Ltd.—•
Loblaw
25c
1
8-25
30c
Shops,
Groceterias Inc.
Loblaw
8
1
8-
8
25c
pref. (accum.)
(accum.)
conv.
Co.
Light
Special
Special
Special
Original
Original
Original
5
9-
common
&
Miami
Little
7-30
8-7
8-
2
9-
25c
Liquid Carbonic Corp., common (quar.)
3y2%
preferred
quar.)
9-15
1
10-
25c
.___
Corporation (quar.)
1
'•5%
-
50c
9-3
8-15
3
8-15
9-2
8-15
9-
9-
"8*15
2
.
(quar.)
common
12-
$1.25
(quar.)
-
9-15
1
Lionel
25c:1
•7
(quar.)
International Business Machines
6
10-
$1.25
common
preferred
8-14
10-
50C
75c
Lindsay
Link-Belt
5
7-31
8-15
30c
2
9-
25c
7-31
9-
7-31
9-
10c
Lincoln National Life Insurance Co.
8-20
1
8-11
8-15
$7c
1
9-15
8-30
15C
(increased quar.)
Life Savers
*
(quar.)
Co.,
Interlake
9-
8-
$7c
8-14
9-22
15C
National
.
,'jErie
7-25
5
8-15
25c
__
8-21
30c
Watch (quar.)_
Emerson Drug Co., 8% preferred (quar.)
Empire District Electric, 5% pfd. (quar.)
,r
1
8-20
$1.25
Extra
Elgin
'
.
9-20
8-
9-
30c
15c
—
(Canada) —
8-21
Electric Hose & Rubber Co
•
_
10- 2
25o
4
25c
:
Paper
Class B
8-
—_
(quar.)
Watch
8-15
8-15
*2Qo
Stores
8-20
8-15
8-15
56y4c
1
7-25,
$$1.75
Libbey-Owens-Ford Glass (quar.)
Liggett & Myers Tobacco—
Common
(increased quar.)
8-25
30c
(quar.)
2
9-15
8-
8-15
8-11
$40C
(quar.)
Mines,
Electric
1
Hudson
8-
$1.50
(quar.)
(quar.l
Association, Inc.—
$2 par and no par value (quar.)
Eastern Sugar Associates—
$5 preferred (accum.)
9-
10-15
$25c 1- 31-48
8-20
9-15
,
$1.75'
(quar)
Hotel
7-31
8-
1st preferred A
$1
(quar.)__
2
(interim)
Cement
Brothers,
10-
6%
1
1st preferred A
Lewis
9-
1
50c
8
10-
1
1
8%
Leland
8-22
$1.06%
$4.25
9-
8%
8-22
9-12
37 %c
9-15
11-
35c
(quar.)
common
(James)
Leitch "Gold
9-12
9-
1
12C
preference
preferred
$1.12%
Hormel
10-
$1.12 y2
75c
20c
Lees
5c
preferred (quar.)
preferred (quar.)
Hancock Oil Co. of Calif., Class A
1
25c
25c
50c
4%
9-11*
9-30
7%
Portland
4,l/2%
Holly
6
11- 1
11- 1
10- 1
8-15
9- 2
8-15
15c
.
1
$$1
8-
8
2
10c
(quar.)
Candy
Co.,
4¥4%
2-
30c
com
&
Lehigh
10-
(quar.)
12-2a
9-
10-
250
Secord
$2.50
1
9-11*
1st pfd. (quar.)__
Products
*
Hammermill
8-11
1
$25c
$25c
$25c
(quar.) $$1.12%
—
15c
8-15
56 %C
pfd.
Inc.
Co.
convertible
Leath
1
50c
convertible
4%
10-
—
2
$1.25
Mines, Ltd.
Hamilton Cotton Co.
Hires
8-15
9-2
Bros.
8-29
8-
9-15
9-
8-
12-29
$1.75
Lawyers Title Insurance, 6% preferred
10-
Hewitt-Robbins,
8-14
9- 1
8-22
9-15
$20c
1
7-28
(quar.)_____
preferred
Donnacona
Dow
7-24
Chemical Co., Ltd.—
Voting trust certificates
Drackett
1
9-19
8-15
$50c
$32'/2c
(aceum.)
preferred
Dominion Stores, Ltd.
$1
8-
8- 8
8- 5
t$1.25
$30c
preferred (quar.)
Bridge Co., Ltd.. (quar.)
Dominion-Scottish Investments, Ltd.—
5%
Dominion
5%
9-18
Ltd.—
Anglo Investment Corp.,
&
9-15
1
8-15
9-22
60c
Inc. (quar.)
Bleachery & Dye Works (quar.)
Laura
60c
9-18
8-15
15c
1
,
8- 8
9-29
$1.50
(quar.)
Mines, Ltd.
Lansing Company
7-17
10-
50c
2
$1.21%
Bryant,
7%
10-
25c
8-19
9-
$1.12%
1
H.),
Machine
Langley's Ltd.,
5
15C
Co
Special,
Class B
8-13
8-25
—__
—___________
8-15
8-15
9-11
50C
Quarterly
7-17
8-
15c
(quar.)
Inc.
Corporation
8-13
9-15
9- 1
3-1-48
- 8-25
B
Class
(M.
Landis
1
8-15
8-15
$20c
(quar.)
Stores
Oil
4%
12y2%
25c
15c
(quar.)
(s-a)__,
common
8-
20c
$1.50
(irreg.);
(accum.)—
Knight,
Hamilton
2
35c
37y2c
75c
$1
—
pfd.
Ltd., 4%
Griggs Cooper & Co., 5%
Hale
8-22*
10- 1
12-23
Gold
Lamston
11-10
8-15
$1.50
Corp.
7-31
8-25
50c
quar.
Lamaque
7-28
Lanett
common
Hallnor
$1
Match
Co
8
8-21
&
7-30
8-11
$4 1-15-48
(s-a)
Chemical
Almy
9-
Quarterly.
7-31
8-15
11-15
50c
7-28
9-12
Advertising,
(quar.)
Gypsum Lime & Alabastine
Co.—
" 6O0
8
8-25*
9-
9- 1
50c
(quar.)
Co.
(quar.)
(quar.)
Tunnel
River
&
Dewey
$1.75 "
-
Union Stock Yard
9-
25c
Union
8-11
9-15
$1.75
quar.)
(quar.)
preferred
7%
Denver
8-14
Lane
$5 preferred
Graton
9-15
8- 5
8-15
Rayon,
8-14
10%
7% preferred (quar.)
Grayson-Robinson Stores, $2.25 pfd. (quar.)
Great Eastern Fire Insurance
(N. Y.) (s-a)
Great Lakes Dredge & Dock
(quar.)
Great Lakes Engineering WorksJ
Great West Coal Co., Ltd. (initial)-—
Griesedieck Western Brewery Co
9-15
10- 1
10- 1
class A——__
Dennison Mfg. Co., class A. (quar.)
Dentist's Supply Co. (N. Y.)—.1,
Delaware
9-15
Increased
7-31
8-15
Clothing Co.— ;
4%%
,,
9-20
2
8- 8
8-20
15c
(quar.)
(S. S.)
Lafayette Natl. Bank (Brooklyn, N. Y.) (s-a)
Lake of the Woods Milling Co., Ltd.—
Common
(quar.)
7% preferred
(quar.)
Lakey Foundry & Machine
2
8-15
Grand
8-15
50c
20c
Curlee
-Cuban
,
9-30
—
9-15
8-30
8-28
$1.12%
•Cuneo
(quan)
Atlantic'Sugar* 5% preferred ,(Quar.)
Press, Inc., 3%%
pfd. (quar.)
9-
40c
Grocery
$1
$2
$1.25
87V2C
(quar.)
Forster,~8%. preferred
&
Crum
8-15
ordinary (annual)
Goodyear Tire & Rubber Co. com.
Gulf
8-15
9- 1
9- 1
9-30
10-1
8-15
(quar.)—
Corp. $4.20 pfd.
Zellerbach
9-15
8-15
$50c
$1.05
Ltd... (quar.)
& Seal,
Cork
9-19
9-15
9-
8-25
Laclede-Christy Clay Products—
1
8-25
$2
9-10
8c
series
L'Aiglon Apparel, Inc.
5
100%
$1
9-15
8-
$30c
28yac
40c
50c
(quar.)
—
Co. 4%% pfd. (quar.)
Mills, Ltd.
Cosmos Imperial
10-
1
(s-a)
Goodall-Sanford,
8-20
9-15
8-15
9- 1
8-29
8-
7-26*
10-15
8-20
$1.25
9-12
8-15
10-15
9-12
8-15
9- 2
9-2
8-
9-30
8-15
9-10
9-25
$1.25
(quar.)
9-25
Fund—
Interest
preferred (quar.)
Kysor Heater Co. (irreg.)
11-25
Co"
pfd.
2nd
50c
Golden State
8-20
933/4C
t8c
$25c
$$1.25
(quar.)
preferred
Corporate Investors, Ltd., CI. A (irreg.)
Corrugated Paper Box Co., Ltd., common
5%
preferred
(quar.)
_
Cosden Petroleum Corp. 5% pfd. (accum.)_
8-15
6
25c
com._
Creamery Co. 60c pfd.
Co.
(quar.)
(S. H.) & Co._
1%
5c
9-20
Co.
preferred A (quar.)
4%% preferred A (quar.)
Kroger Company, common (quar.)
6%
1st preferred
(quar.)
1
25c
(s-a)_.
Glidden Co.,
common
(quar.)
4*/2 %
preferred
(quar.)
Goebel Brewing Co
(quar.)
9- 1
8-30
25c
8-
30c
25c
25c
Public Utilities
R.)
Kroehler Mfg. Co., 4%%
$1.75
Steel Castings $6
$1
20c
75c
40c
(interim)—
common
8-15
8-15
1
8-
15c
(G.
prior
25c
Outdoor
50c
50c
preferred
Continental
8-20
10- 1
$1.12%
-
(quar.)
Cook Paint & Varnish, common
$3 prior preferred
(quar.)
Coro, Inc. (quar.) —1
—
9-13
8-30
30c
t50c
50c
_
9-15
8-
(interim)__
Ltd.
:
Kress
8-15
Gilchrist Company
75c
$1.50
(quar.)_
2
9-
7-31
8-21
Kresge
8-15
Ltd., common (quar.)_
Genesee Brewing Co., class A (quar.}_
Class B (quar.)
Gibralter Fire & Marine Insurance (s-a)
9-10
9-15
Power—
•&
8-28
Mines,
Ltd
9-30
2
General Steel Wares,
3
5
2
7%%
preferred
6%
8-
9-
com
Corp.
8-15
+5c
Gold
Mines,
Beneficial
50c
General
7-25
partic.
Crown
9-12
7-31
9-15
$5
9-
10C
(quar.)
General Metals
7-15
1
$3c
Lake
5% pfd. A (s-a)
Foods Corp., common (quar.)
General
8
25c
15c
i$1.50
.
Inc., 40c preferred (quar.)
Chemical Industries, Inc.—
(Bait.),
Co.
9-
1
8-25
1
8-20
Knickerbocker
7-25
General Finance Corp.,
General
Consolidated
Grown
1
8-15
1
1
9-15
5
(quar.)_—
Bonus
8-12
$1.50
Assn.
Light
(quar.)
Cigar
preferred
7%
9-
$1.25
Extra
12 %C
General Electric Co., Ltd.
50c
(quar.)
(irreg.)—
Inc.
Congoleum-Nairn,
Container
4
$1.06*4
10- 1
88-
1
8-
Corp
Brewing
8-
5
95C
Kinney
62 %c
(initial)
General
7-24
8-25
8-
iiy4c
(quar.)
(quar.)
9-27
8-15
9-10
.30c
87 %c
Kerr
8-15
10-
10-15
—
common
10- 7
25c
(quar.)
Co.
(quar.)
8-18
8-15
Co.
General
Co.
Life
Confederation
Consumers
New
8-20
Co.—
(final)
Corp.
preferred
Kerr-Addison
5ft%C
6% pfd. (quar.)
(quar.)—
Baking Co., $8 pfd. (quar.)_
Bottlers (stock dividend)
(Robert)
$1
*
5
7%
11-20
1
$12.50
—
Co.
Gair
8-15
9-
8-15
$1
37 %C
Gamewell Company
37 %c
Publications
Connecticut
Steel
Gabriel
7-31
$4c
12-
12 %c
(quar.)
7-31
79c
9
Utilities Co.—
junior pfd. (quar.)__
3.80%
5
15c
Co. (quar.)
(Louis)
Realty Corp.
8-15
6c
National
&
pfd.
conv.
8-
11-10
12- 1
Electric
shares
Gas
Machine
8-15
1
9-10
40c
Co. (quar.)
Co.—
8-15
8-15
9-
9-15
9-
17%c
Freeport Sulphur
1
8-
Simon
4V2%
9-30
8
—
Nast
Connohio,
1
8-29
9-10
$2.50
$5 non-cum. preferred (s-a)
Four-Twelve West Sixth Co.
(irreg.)
(quar.)__
7-31
2
9-
30c
Knudsen
10-15
12-
9-20
9-15
$1.12%
Stores,
1
10-10
Co.
8-21
30c
Kentucky
Stock Corp.
Brothers &
Manufacturing
9-15
10-15
12c
Inc
(quar.)___,
Janet's Apparel Shops, Inc. 45c pfd.
Jantzen Knitting Mills, 5% pfd. A
Kansas City Power & Light Co.—
7-31
1
40c
$3
1
1-1-48
8-15
10-
35C
Payable of Rec.
$75c
(quar.)
preference
Fund,
Italo-Argentine
8-12
8-15
$$2.50
—
(quar.)
pfd.
4%%
Fireman
Jaeger
(quar.)
11-
50c
preferred (accum.)
$2
Bank
87 %c
Hampshire)—
Jacksonville
Foundation Investment Co.—
y2c
(New
American
7-31
____-
& Rubber
$30c
International
10-15
(quar.)
$20c
(quar.)——
(quar.)-
Corp.
1
8-11
$3
(quar.)
Friedman
(s-a)
Gas
Cribben
(accum.)
pfd.
Co. of N. J.
10-
25c
(quar.)
preferred
Quarterly
Crown
9
1
17 Vac
11-
25c
(s-a)
;_—
7% pfd. (quar.)
Florida Power Corp. 4%
ptxTT (quar.)
Foster & Kleiser Co. (irreg.)
Foster-Wheeler Corp., 6% prior pfd. (quar.)
11-10
9-
6%%
Ltd.*
Tire
Fitzsimmons
Iron Corp.—
& Electric
Gas
3%%
1
20c
,
Corp., Ltd.—
Commonwealth Investment Co. (Del.)—
4%
B
8-
8-lfl
-
Ltd.
$4.50
Class
Firestone
1
8-
11-15
20C
Commonwealth
Co.
2
8-
25c
Columbia Pictures Corp., $4.25 pfd.
Columbian Carbon Co. (quar.)
$1
A
Stock
50c
._
Federal-Mogul Corp., new common (initial)Co. of America at Bait.—
Class
convertible
Quarterly
Finance
1
$1.75 2-16-48 2-10-48
20c
convertible
Conduit
Grain
Federal
9-
—
20c
Colorado Fuel &
Conde
Federal
9
6%
9-18
.
$$1
1
$1.75
(quar.)—*
Colonial Stores, common (quar.)
4%
preferred (quar.)
7%
8-
8-
Iron
8-15
Interim
8-30
$1.75
preferred
Concord
1
9
Investors
1
class A (quar.)
Insurance Co. of Canada—
20o
Extra
Commoil,
1
First
Corporation (initial quar.)_,
Qlub Aluminum Products—
—
Cochrane-Dunlop Hardware, Ltd.—
-Class A' (quar.)
;
'
$1.20 preference (quar.)
—_
Colgate-Palmolive-Peet: Co., common (quar.)
Columbia
1
8-
8-15
15c
Clopay
5%
Fire
9-15
20c
(monthly)
Inc.
Industries,
$3.50
Federal
8-
3%
dividend
Monthly
Monthly
Monthly
Monthly
.
8-15
8-
25c
(s-a)
City Auto Stamping Co. (quar.)
City Investing Co. (reduced)
City of Paris Dry Goods—
7%
1st preferred (quar.)
7%
1st preferred (quar.) 2
7%
1st preferred (quar.)
Clearing Machine Corp. (quar.)Clinton
2
(quar.)
Inc.
Park,
9-30
2%%
(s-a)
(cash div.)
Co.
8-15
8-29
Electric Co.,
9-
12 %c
pfd.
5(4%
Utilities
Stock
Federal
9-15
$1
—
8-8
8-29
10-
—_
Quarterly
Fashion
9-15
9-
35c
common—
9-2
50c
Share
Ltd.—
Foundation,
$2.50
—-
7-15
9-
Investment
Holdere
When
Per
Name 0} Company
8-29
25c
(quar.)—
'
8-18
$1.25
9-12
Farmers & Traders Life Insurance Co. (Syra-
1
10-
Holdert
Payable of Rec.
50c
(quar.)__
Corp.
8-15
$1
(initial)
Corp.
Ltd.
Citizens
Co.
&
Morse
Brewing
9-12
35c
common
preferrred (quar,)
Cinzano
Share
*
25c
Extra
5
—
Electric,
&
preferred (quar.)
5% preferred (quar.)
"Cincinnati Milling Machine,
4%
4%
Falstaff
8-18
75c
par
Gas
Cincinnati
20c
$1.50
$5 par
old
Corp.,
Fairbanks
8
Company
(The)
'
(quar.)
Company
Chrysler
8-
8-26
75c
(increased)
8-10
8-20
10%
(stock
Company
Copper
Fair
9-15
9-30
When
Per
Name of
Payable of Reo.
30c
(quar.)
dividend)
& Lumber
Chicago Mill
Chiksan
Share
of Company
Holden
When
Per
Name
Monday, August 4, 194?
THE COMMERCIAL & FINANCIAL CHRONICLE
(506)
46
(quar.
(quar.)
-
...
; 30c
25c.
-
International Silver
Special
Co.
(increased)
_2_
10-15
9-30
International Utilities
10- 1
0-15
Intertype
Corp.-
Corp.
(increased)
(quar.)
I
22 %«
40C
-
8-29
0-15
-
6%
Chemical
Co.
of America—
preferred
preferred
&
Coated
11.50
(quar.)
(quar.)
8-11
;..
9- 2
Nashua
Gum
—
Paper
—
$1.50!.
$1
9-26
12-26
,.9-18
12-19
8-15
Br 8
1
Volume 166
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4617
(507)
When
Per
Name of
National
National
Drug & Chemical Co.
Convertible
-
National
preferred
9-
5
8-
$1.06
9-
1
8-
4*
$15c
9-
National
10-30
10-20
National
Paper
Extra
9-15
10-
1
9-15
-
Preferred
Stock
—
8-
Stock
Series
Naumkeag
Steam
Cotton
7-31
Sears
7-31
Seattle Gas
Newmarket
Newport
News
Shipbuilding
(N. Y.)
8-22
8-13
,___
&
Dry
.
,.
9-
20c
(s-a)
8-15
7-30
York
New
•
Air
York
6 %
Chicago
&
St.
Louis
Noranda
series
Mines
—;———
Adjustment preferred
).'■
American
Common
$2
Car
9-
4%
$1.50
(quar.)
5%
quar.)
50c
—
50c
(quar.)
preferred (accum.)_
5'%% preferred (accum.)
7-16
American
Northern
Liberties
Nu-Enamel
Oak
Oil
Gas
Co
Corp.
(quar.)
.
43A%
Olin
preferred A
Industries,
15C
(quar.).
common
Beauty Supply
Participating
7%
Steel
Owens-Illinois
Glass
10-
%
&
Electric, 5% pfd.
Lumber
Pacific
Mills
Co.
(quar.)
2
1
3.70%
(quar.)
Inc.
preferred
preferred
4.40%
South
8-15
31J/4C
C
8-15
Engravers
Portsmouth
Potash
&
7-31
8-15
7-31
9-
20c
1
9-
8-15
1
8-15
8-11
9-
2
8-
2
8-
1
t75c
8-25
$$1.50
8-25
7-25
8-15
7-15
8-
7-28
8
Wentworth
Carpets—
35c
9-10
8-
8
9-10
8-
8
2
8-
1
9-
87V2C
pfd.
conv.
(quar.)
8-15
22V2C
—
(quar.)
9-30
9-
9-30
9-
2
(initinl quar.)
8-25
Common
the
California.
&
$19c
8-15
60c
7-18
8-29
$25c
37V2C
of
7-18
9-12
2
9-
Transport
500™ 10- 1
(quar.) —-:
50c
1-1-48
811-
5
25C
2-15-48
$3.50
B
11-15
Water
Standard
12-15
8-15
25C
Service
Common
<
of
'
each
Co.
Indiana
3'%%
of
share
2-5-38
8-15
Brands,
Standard
7-15
Oil
1
8-
1
Standard
Silica
8-
1
Standard
9-12
Standard
35c
10-. 1
10-
i :
Stein
8-29*
1
9-
9-30
25c
9-
9-30
50c
9-
8-15
20c
.
91'/4C
(A.)
&
9-
2
8-
Stuart
1
Sun
8-30
8-
8
Sun
9-
2
8-15
9-
2
8-13
6%
a
common
8-15
8-
5
8-15
Texas
5
7-31
&
$2.40
Thermatomic
1
8-15
Thomaston
9-30
9-30
8-29
Tide
Water
9-15
8-15
9-15
8-15
Tokheim
50c
8-15
7-15
(quar.)
8-15
9-15
7-24
Trane
8-22
8-
Tuckett
6
208
1
9-
9-12
25C
<
.__
8-15
10-
$1.183/4
New
United
0- a
8-
1
$40c
la-1
ll"
1
15c
11-1
10-15
15c
11-
-
'
Class
-
.
1
10-15
9-2
common
8-15
V:7-25
ReyrioldsMR.jJ.)'Tobacco^-::;,,r;;;
^Wncrea«ef;(ftqariJi^Xi.
quar.
>'45c':;
■
-45c
:
8-15
'
7-25
9-
8
8-
8-15
00
1
37J%c
8-12
7-28
9-
8-15'
$1.50
2
$2.50
8-15
28c
8-15
8-
9-
1
8-16
9-
50c
8-20
8-16
9-
31 J/4c
1
8-29
25C
__
_
1
8- 1
,
2
8-11
3
8-22
15c
1011-
(s-a)-I
7-
1
2'
9-
1
5
10-25
2-1-48
1-25
$20c
8-
8'-15
8-
1
$$3.50
(s-a)
8-15
8-15
8-
1
1
closed
for
funds,
this
tax
7%.
less
dividend.
deductible
a
at 'the source.
Less British income tax.
15% ; Canadian
nou-residents'
Non*
tax
1
1944
$510,509
27,643
*30,223
$495,398
<l6,442
*58,156
242,202
215,614
115,662
1,590,463
1,628,871
2,934,152
65,943
23,907
1,191,772
2,619,929
1,220,128
*283,315
from
Deficit.—V.
166,
*299,618
553,901
647,072
115,965
8-15
11-10
7-24
In
7-24
shares
10-15
9-30
certain of its
9-20
ing to repurchase
9-10
ments,-
8-
8-15
9
addition
7-31
8-
9
8-
$2
9-
$1.12%
to
these
outstanding
salaried
during
a
new
shares,
capital
Offered—Morgan
financing by the
the
stock
company
which
employees at $27.87
such shares
the
limited
capital stock
on
HISTORY—Business
at
the
a
same
it
has
company.
registered
38,856
had
previously sold to
share and is hereby offer¬
price, with certain adjust¬
period.
the
was
New
make
York
application
Stock
incorporated
for
the
listing
Exchange.
in
Delaware, Dec. 29, 1923
under the name of J. P. Stevens &
Co., Inc., as the successor to a
partnership organized by the late John P. Stevens in 1899.
The predecessor
partnership was organized in 1899 for the purpose
of selling the products' of the Stevens woolen
mills.
Almost at the
beginning the partnership expanded its selling agency business to
7-10
8
of
LISTING—Company has agreed to
of
7-31
8-
Co., Inc.—Stock
and does not constitute
7-31
25c
60.
p.
Stevens &
8-15
1
Co.—
1
8-25
9-
1
8-
50c
8-
6
7-23
include
25C
9-
2
8-14
with the taking on of
selling accounts for manufacturers of a great
variety of textile fabrics. Cotton fabrics of many kinds, and in more
$38c
8-15
7-15
$25c
8-30
7-31
25c
9-10
8-22
8
America—
Cos.
1945
$274,586
income™
oper.
11-15
25c
-Earnings—
1946
$266,559
Stanley & Co. and Harriman Ripley & Co., Inc. headed
a nationwide
group of 41 investment firms which, on
July
31 offered to the public
200,000 shares of capital stock
(par $15) at $34 per share.
The offering represents a
part of the holdings of the estate of Nathaniel Stevens
h-»
8-15
(quar.)
Storage
Corp. Ltd., class A
B
(quar.)
7 % .'prior preferred
.'7%
8-30
1
8-20
8-15
(initial)
Coal
9-15
8-25
1947
(J. P.)
6-15
8-
92J/.C
(quar.)
(quar.)
.
/monthly)
prior.preferred'(monthly)
9-15
9- 2
->•8-15
53c
'
58y3c
-
'
10- 1
9- 2 ::
HO
•
H
9-15
.
:
"
8-15
9-15
a
products of other mills.
The program
went
on
steadily
wide, range of rayon fabrics, have been sold.
•
/ 8-15
\
53c.
(58y3c
1
_____
fi- 2
10-1
textile
recent years
Early in the history of the original partnership, the policy was
adopted, of, acquiring a financial interest in some of the manufacturing
companies ^lor which the partnership was selling.
Under plans of reorganization effective as of Aug. 31,
1946, the:
name of the business was,changed to J. P. Stevens & Co.,,Inc. and
the company : acquired through. ..merger -and otherwise the. businesses
and assets of nine other, companies. ,At-the .time such plans became
effective, the ..company owned- substantial stock interests in seven ofthe pine', companies involved in such- plans.-, '-Among the companies-and
their' subsidiaries -acquired were M. T. /StevensSons Co., = the- suc->
-
50c
50c
.
.
prior preferred (monthly)
6.36% prior preferred-(months)
6.36% prior preferred - (monthly)______
•:
3-15
z
8-15
$1.12 J/2
.
,,
'
4-1-48
2
6%
/ " : -25c '
*
9-15
10-
_
(quar.)
of
8-29
1
9-10
12-15
17 %c
(quar.)
vUnited Light & Railways Co. (Del.)—
6% prior preferred (monthly)—
8-11
,
1
6-25-48
87 J/2 C
California
Cold
Biscuit Co.
United Electric
-
preferred tA};(quar.)
7-31
Missouri—
partic. prior preferred
United
8-30
140C
'
of
Terminal
10-
$$3.50
railway
railway____
8-15
(quar.)__
(irreg.)_
7-28
10-
25c
United Air Lines,
Inc, 4'%% pfd.
United Artists Theatre Circuit
8-21
1
Co.
Storage Co.
Union
25c
(increased)
common
railway
Net from railway
Net ry, oper. income—,
(Dallas) —
preferred
Oil
Union
1
7-17
9-11
10c
Union
5
4%
8-14
50C
.__
9-
ry.
Gross
11-25
1-1-48
25c
(quar.)
$3.70 preferred (quar.)
$4.50 preferred (quar.)
8-29
9-15
9-18
8-15
9-12
From Jan. 1—
1
Electric
10-
50c
10-
Union
of
I
9-15
Ltd.—
8-26
1
621/2C
Union
8-29
12-
(quar.)
1
9-15
from
Net
7-31
8-15
$2.50
$$1.75
8
93 %C
(s-a)
(quar.)
8-
8-29
Net
8-26
9-15
pfd.
7-18
37%C
il6% ^preferred B,./( quar.)l;lw_-____»—
Revere ,Copper &/Brass,< common^.^
7%
8-
Co.
Ltd.,
1
2-1-48
50c
(s-a)
from
25o
8-30
9-15
9-15
8-15
T
South
$3.50
4
250
8-25
30C
—
.
Co.,
10-
$1
I
1
11-
11-15
50c
1
8-
2-15-48
15c
Canadian
25c
$25c
1
9-
;
Tobacco
811-
2-1-48
8-15
31'A C
June—
Gross
9-30
(quar.)
$1.50
9-
9-24
$1
Co.
LaSalle Street Corp.
Asbestos & Rubber Co.
-
4
15c
Extra
6
$1.25
Staten Island Rapid Transit
Ry.
4
9-
15c
Pump Works
8-15
Co.
8-15
11-15
2-15-48
(Continued from page 12)
8-22
8-
5%
&
9-15
(quar.)
(quar.)
Tank
10-15
8-
1
9-24
.t™_
(interim)
Oil
8-~l
1
8-15
(quar.)____
Louis
20c
_,
<quar.)__
St.
50c
8-22
8-
50c
50c
50c
10-
60c
Trinity Universal Insurance
■t
Quarterly
Quarterly
15c
pfd.
Ordinary
8-15
7-17
Jamaica Income tax.
8-15
50c
8-15
$2
$25c
$5c
Tobacco Securities Trust—
8-22
7-30
2
25c
(quar.)
of
7-1?;
1.12'%
•
15%
booktf not
in
8-29
8-15
50c
Insurance Co.
$1.75
9-15
7-30
1
9-
50c
Title
9-15
50c
7-31
25c
$5 preferred
(quar.)
Co.
8-15
8-15
Corp.—
Co.,
5
General Corporation and
Investment News
8-15
8-10
50c
8-29
9-30
(interim)
(quar.)
(quar.)
Power
9-
$1.50
$1.25
_
1
10-21
$1.75
$1.25
com.
8
8-
3
9-20
$1.25
tPayable In U. S. funds,
8-25
8-10
10-
50c
Quarterly
Quarterly
Quarterly
8-29
$1.25
2
75c
Carbon,
Mills
11-
15c
_"J
8- 5
8-15
40c
;
pfd.
conv.
8-15
$1.75
9-
37 %c
.
Railway Co
Mfg. Co. com.
Glass
;
8-12
8-15
8-
8-15
50c
75C
(quar.)__.
preferred
8-15
9-15
5c
!
—1
Pacific
9-
87%c
v
(initial)
com.
(quar.)
:__
$1.25
':
new
2
15c
Sulphur
.
25c
(quar.)
resident tax 15%; resident tax
8-15
•'
9-15
2
8-26
15c
•Transfer
9-17
■"
8-15
9-
$60c
(quar.)
(quar.)
1
$1
('increased
Gulf
Extra
Co.—
Regent Knitting Mills, Ltd.— " •
; $1.60 non-cum. preferred (quar.)
\l $1.60 non-cum. preferred ; (quar.)
'
Corp.
Extra
7-25*
9-
31J/4C
—
25c
Corporation
2nd
9-
12 %c
common
preferred
tPayable
25c
Tennessee
8-23
for
—
B
Gas
Co.,
1st
9-30
10
Co.,
xLess 30%
7-31
1
CO
$20c
Tecknicolor, Inc.
2
2
Thatcher
1—
(quar.)
(quar.)
8-15
99-
1
'
Common'
Drug
Cab
8-29
10-10
'10-
(quar.)_
1
8-15
15C
(quar.)
&
Knitting Mills,
7%
9-2
8'-15
Co.
10-
$$1.75
Common
8-12
9-12
$1
„___
Propane
Co.
&
Yellow
9-10
56c
—
W.)
7-31
8-
50c
(s-a)
Ltd.—
pfd.
8-15
10-
shr.
Stores, Inc. com.____!
preferred
(quar.)
Qommori
$1.25 pfd.
Co.,
8-15
35c
Republic Investors Fund—
Corp.,
Oil
preferred
Swift
Texas
l/20th of
(quar.)
Company
Ray
7%
10c
:_____
___
2
$30c
——
common
Co
participating
9-
1st Pfd.
Coal
2
$3c
.1—
Reading Company,
pfd.
9-
(interim)
33A%
4'%%
9-
75c
(quar.)J
Co.
Oil
York
5
40c
Syracuse Transit Corp._
Tampa Electric Co. (quar.)
Teck-Hughes Gold Mines, Ltd.
45c
—
Owl
1
8-11
25c
.__
Participating
8-14
10-
9-10
60c
(quar.)
35c
Mills, Ltd. com. (s-a)_
Co., 6% preferred (quar.)__—
Quebec Power Co. (quar.) ___i__2'
Quaker State Oil Refining Corp. (quar.)
non-cum.
9- 2
&
A.)
A
8-11
'
Wells
(D.
Class
1
2'
Co.
(interim)
Yale & Towne
Mfg.
8-15
7-25
I
Inc.
Co.
7-31
Acid
&
:
25c
Quaker Oats
(quar.)
Phosphate
Stern Textiles,
Struthers
9-
9-
7-25 '
8-29
(quar.)
(F.
Ordinary
7-25
25c
(quar.JI
preferred
(quar.)
Woolworth
2
9-10
50c
Co.
Stonega Coke
8-14
2
&
2
10-22
50c
_
Purity Flour
Purina
9-
pfd.
(F. W.)
1
8-11
7-31
™
Machinery
pfd.
1
8-11
(quar.)
Industries,
conv.
8
8-
8-15
8-15
75c
Inc.
Woolworth
9-
12 %c
__
75c
$50c
'
,
:
Electrotype
8-15
9-15
1
37J/2C
(increased)
(quar.)
Suburban
(monthly)
'i 8%
preferred
(monthly)
1
6%
preferred
(monthly)
Puget Sound Power & Light (quar.)
Pullman, Inc. (quar.)
Punta Alegre Sugar, new common
(initial)_
-Common
9-15
8-
$$1.25
^
Sterchi
8
50c
preferred
Ralston
Corp.
Stern
*
—
5%
8-15
?10c
(quar.)
8-20
(quar.)
preferred (quar.)
Q Extra
Indiana
9-30
Common
-Extra
Wbodall
7-25
50c
(quar.;
Brothers Stores (quar.)
Sterling Electric Motors—
(increased)
(quar.).
(quar.)
8-15
8-
9-15
$1.12i/i
Inc., 5% preferred (s-a)
Crampton Corp. (resumed)
conv.
9-10
•
8-22
.
(quar.)
(quar.)
(quar.)
Newspaper
8-20
'
•
87 %c
'•>
^
7-21
10-
30c
(quar.)
<
$5 preferred
(quar.)
Public Service Corp. of N. J.—
preferred
Wood
5%
*■
40p
______—
(quar.)
tic
preferred
preferred
8-30
2
8-20
t30c
(quar.)"
1
1
12-1
9-10
15c
Line,
Winters &
9-
t20c
___
9-
9-
9-10
12-10
$1
"I
_
Wilson
8
45c
8- 9
40c
Ltd
(increased)
of
Wholesale
Works
9-12
9-15
30C
Gas
9-15
i.
$2.50 *
-
$2.50
&
8-
$1.75
Electrical Instrument
Corp.
(S. S.) Dental
Mfg. Co. (quar.)
Whitman (Wm.)
Co., Inc
7-31
Stoker
——
Electric
Westmoreland,
8-15
8-15
9-20
12-22
$1.75
White
-
(quar.)
Co.
1
held
preferred
Service
1
8-20
$1.12%
(quar.)
quar.)
(quar.)
Inc. com.
preferred
9-
(quar.)
com.
Water
9-
10c
$2
Co.
9-
(quar.)
&
35C
:
Standard Chemical, Ltd., common
5%
preferred
(quar.)
Indiana—
Gas
10-13
25c
$75c
10-15
(stock dividend)
10-15
$1
Stamford
9-15
25C
Co
(s-a)
(quar.)_
com.
Inc
(initial
common
35c
1
9-10
$20c
common
Weston
7-26
New
8-16
10-
1-2-48
preferred (quar.)
Westinghouse Air Brake
(increased)
Westmoreland Coal Co
2
8-15
0-15
9-29
12-30
Stationery—
5%
—
•'
Service,
9-15
$1.25
(Dallas)
Spiegel, Inc., $4.50 preferred
Spencer Kellogg & Sons—
8-11
10c
(quar.)__
Co.
Public
$1.10
Corp
Gamble
Insurance
Sovereign Investors,
Spartan Mills ____:
8-15
75c
•
(quar.)
—
92'/2C
common
America
Life
.
Southwestern
9-
(quar.)L
com.
A
9-29
12-30
1
1-1-48
75c
A
preferred
preferred A
Western Tablet &
8-15
8-15
preferred
5%
5%
1
10-
$1.75
(quar.)
5%
"(quar.)_
Co.
7-10
by
10-
62 >/2o
(quar.)
(quar.)
Corp., (special
Pacific RR.,
Common (quar.)
8-15
8-28
62Vao
pfd.
Co
Western
sub¬
are
permits
8-15
8-15
100%
dividends
of
50C
-
8-30
1
1-1-48
75c
■
2
3IV4C
—
75c
56y4C
interim)
West Ohio Gas Co.
(quar.)
West Penn Electric
Co., 6% preferred (quar.)
7% preferred
(quar.)
:
West Virginia
Pulp & Paper Co.—
*
4y2% preferred
(quar.)
7-31
5c
A
2
9-15
9-
1
8-
9-12
$1.06'A
Manufacturing
$1 conv. preferred
Indies Sugar
8-15
50c
_
conv.
Engineering
6-20
9-
50c
"*
(initial quar.)
Motor Co.
(extra)
Wellington Fire Insurance
2
8-30
56 J/4 C
~
(quar.)
-Wellman
8-
8-19
1
8-15
$1.06 J/4
Ltd.
Weeden & Co., 4%
8-15
9-
5c
(quar.)
preferred
Waukesha
7-25
_*
preferred
Waterous,
8-18
!
7%
$4.50
1
9-
15c
8-18
8
25c
(quar.)
Heating Co.,
preferred (quar.)
$4.25
7-31
$30c
——
______
_____•_—_—
7-19
$2
__
——
&
Provincial
'•A?.
7-31
8-15
25c
preferred
7-31
7-23
(accum.)
Electrotypers,
Inc.,
Proprietary Mines, Ltd.
•
8-15
(quar.)
Railway Co.
Quarterly
8-29
$1.25
/' Extra
Procter
6%
t27V2c
(s-a)
9-15
8
9-
-TIIZ
7% preferred
(quar.)
Virginia Coal & Iron
(quar.)
Waite Amulet
Mines, Ltd
Walker &
Co., class B„__
Walker (Hiram) Gooderham
& Worts
Washington Gas Light (D. C.) —
8-15
Works—_—
8-15
5
(quar.)
Steel
Co.
Pratt Food Co.
'-•I
2
com.
Power
1
8-
Bureau
Plllsbury Mills,
$4 preferred
4%%
8-18
9-
1
9-
15c
(quar.)
Car
7%
10-
1
$1.50
(quar.)
prior preferred
Vapor
25C
Washington
non-cum.
'
Red
of
each
-—
stock
8-15
9-15
preference (quar.)
:___
Philadelphia Insulated Wire (s-a)_
Philadelphia Suburban Water com
$3.65 preferred
(quar.)
Philadelphia Transportation Co.—
'
Participating preferred (s-a)
Phillips Petroleum Co. (increased quar.)
4%
90c
9-
75c
$1
Rapid
7-31
—
B
8-16
56%c
(quar.)
preferred B (quar.)
Utica Knitting Co.—
(5% prior preferred
7-31
8-15
65c
Ltd.
Southwestern
7-31
75c
(quar.)
(quar.)
B
5%
7-31
8-15
__
Inc. (quar.)
Valley RR. Co. (s-a)„L—
perron Gold Mines;- Ltd.
(quar.)liL^
Philadelphia Electric Co. com. (quar.) ___!__
'
of
Canada
Southern
8-15
—;—
Peoples Drug Stores,
Peoria &
6%
8-15
preferred
7
8-30*
9-
Co.—
(quar.)
4%%
5%
share
for
(interim)
issuance
dividend
Cash
8-15
75c
(quar.)
preferred (quar.)
Pennsylvania Salt Mfg.
$5
$1
(quar.)
Sons
4'/a%
-
7-18
t$1.25
series
Lathe
Bend
7-30
._
5%
s
1
8-25
$30c
(quar.)—_
(quar.)
and
to
Co.,
Southern
1
$1
Pennsylvania Glass Sand Corp.
8%
8
9-
,
Co.,
cash
Southam
9-20
7-15
1
37%c
Telephone Co., com.
Common (quar.)
$1 preferred
(quar.)
$1 preferred
(quar.)
$1
preferred
(quar.)
Penman's, Ltd. com. (quar.)
Pennsylvania Electric Co.—
I
8-
62»/2C
&
pfd.
States
9-
*
7%
5
9-10
9-15
(quar.)
com.
(quar.)
ject
9-
_______
Peabody Coal Co., 6% preferred
Peninsular Grinding Wheel Co
-
8-
:
Both
7-15
.
8-15
34%C
Eennisular
Public
8-15
75c
com.
Corporation
$1
(quar.)
Park & Tilford,
'
40c
(quar.)
Castings Co.
conv.
$1.25
1st preferred
Pacific
'
8
7-
8
9-20
$2
___
8
9-
8-15
8-
$1
_
9-19
9-
9-19
Corp.
Aircraft
9-20
8-15
(accum.)
(quar.)
6%
1st preferred
(quar.)
Pacific Lighting Corp.
(quar.)
Public
1
9-19
9-15
50c
Universal" Insurance (Jo.
"(qua~rT~I'
Universal Match
Corp.
~~
Universal Pictures
41/4% pfd. (quarJIIUII
Universal Products Co.
(irreg.)l
Upper Michigan Power &
Light—
6% preferred A
(quar.)
6% preferred A
(quar.)
'
Pacific Gas
Photo
10-
$19c
25c
Soundview Pulp Co., new com.
Stock dividend
1
8-
8-15
75c
8-14
8-20
$2
ZZZZZZZZ'
Stores Corp., $6
pfd.
Stove Co.
United
8
2
62'/a c
preferred
Spring & Bumper
9-
9-
40C
(quar.)
Rubber Co., common
1st
9-11
$1
non-cum, class A
preferred
S.
1
1
9-30
$1.06'A
(liquidating)
Foundry Co. (quar.)
Printin8 & Lithograph Co., com
/
1
8-
10-
50c
4^% preferred (qualrTj ZZZIIIIIZZZZIIZZ
United
9-19
$31'Ac
—
Sons
preferred
$1.25
8-19
2
$25c
Co
Paper Co. $5 pfd.
preferred (quar.)
5 '%
10-
$$1.75
(quar.)
Oxford
$5
$10c
(quar.)-
com.
8-
.
8-15
common
Solar
7-28
„
8-30
$10c
Ltd.,
Products, Ltd.,
preferred
8-15
15c
1
1
(quar.)
(Alexander)
Sonotone
2
8-28
2
.0.59375
$0.59375
Co.,
9-
1
9-
50c
—
com
Ontario
Ontario
(quar.)
common
Oil
Steel
3 % %
4
9-10
9-25
9-16
10-
$$1.75
$$L75
(quar.)
Inc.
8-
20c
7%
preferred (quar.)
Oklahoma Natural Gas,
8
$25c
9-
Y\)
&
Common
1
10-
.
Extra
7-25
9-
8-
17 %c
com.
!
&
Common
8-30
5
60c
—
_
Manufacturing Co
Flour Mills, Ltd.,
Ogilvie
(s-a)
(H.)
Smith
8-30
8-
8-15
—
Sinclair
50c
—
1
2*
(N.
8-
8-12
55c
Machinery—
ParticlPating pfd. (quar.)
Pipe
8%
U.
10-17•
$1.12 J/2
———
8-28
9-20
$1.37%
Consolidated
99-
1
15c
(quar.)_
par)
___—
9-22
9-20
$1.50
01
■
9-13
11-
4
91 %c
(quar.)
'5%
Sivyer
6%
CO
9
Co.
8-12
$1.75
Co.
Leather Co., $4 partic.
Lumber Co.
S.
U. S.
7-18
$1.35
(initial)
($25
1
10-
8-
8-
50c
com.
12-13
8-14
50c
Hoffman
t0
8-11
12-20
Co. com.
(quar.)
Illuminating
5%
85c
additional
1
S.
*
(resumed)_
pfd
(quar.)
preferred
Simon
North American Investment Corp.—
North
of
Silex Company
8-15
8
Corp.—
preferred
U.
a
u.
dividend) —
9-10
$1
U. S.
1
common
preferred (quar.)
Simpsons, Ltd., class A
Class
B
(interim)
8-
1
8-
8-25
(quar.)
stock
preferred
8-13
9-10
$2.50
—
8-
8-15
35c
8-25
1
9-15
$50c
—-----.—
8-15
8-15
1
9-
$1
quar.)
tt
$2
Class B
8
9-
7-31
(quar.)
com.
Co.,
(stock
preferred
8-27
8-23
Associates,
Shea's Winnipeg Brewing, Ltd., class A
(quar.)
(increased
convertible
Williams
share held
8-15
10-1
Co.
distribution
8-15
$1.50
9-24
15C
Signode Steel Strapping
Norfolk & Western Railway com.
North
2
9- 2
preferred—
(initial
A
A
Co.—
———
Dock, $5 non-cum.
Nopco Chemical Co.—
preferred
RR.
(accum.)
York
4%
9-
50C
V:
$6
Co.,
new
common
Brake
preferred A
New
&
Co.
Common
Dock50c
New
&
Extra
7-30
6-15
S.
Co._—
Roebuck
Sherwin
4
8-
2
50c
35c
Casualty Co.
Manufacturing
Estate
Shawinigan Water & Power,
1
8-
50C
(quar.)—___
Amsterdam
8-15
8-15
8-15
U.
$15c
Mfg. Co., $3.65 preferred
3C
20c
9-15
750
Dillon
lie
—
1
5c
$4.50 Series A preferred (quar.)
Scythes & Co., Ltd., common (quar.)
5% preferred (quar.)
Seaboard Surety Co.
(quar.)
5
7-31
8-15
10C
—
_
10-
Guarantee
50c
Scruggs-Vandervoort-Barney,
7-31
8-15
Group
Series
Vulcanized Fibre
National
8-15
Real
Scovill
Funds—
Series
Selected
$1.25
53yeC
(s-a)—
4'%% pfd. (quar.)
Tea
National Trust
S.
12 %c
Paper Co., common
$3.40 preferred (quar.)
Scotten
7-31
8-15
50c
„
7-31
8-15
75c
Type .com.——
.■
U.
25c
Loan
Remedial
Scott
$1.25
9-15
$1.75
Savage Arms Corp. (quar.)
Schenley Distillers Corp
—$1.121/a
1
Semi-annual
12-5
9-15
preferred
National
Francisco
7-31
1
10-
7%
$1
7-31
1
8-15
42 %c
8-15
10-
2
When
Holder*
Payable of Rec.
Share
Engineering & Foundry
9-
(quar.)
8-15
10-
United
$1.75
Co
Ban
Schulte
(quar.)—
&
Gas
Paper Co., Ltd.
Shops—
Per
Name of
Company
8-26
United
5c
15c
9-15
$1.12%
Lowell
47
Holdere
Payable of Re0.
25c
—
(quar.)
10c
(quar.)—
(quar.)
com.
preferred
Saco
5
9-
1
1-1-48
$15c
Rolland
8-18
2
10-
tl5c
National Linen Service Corp.—
'Common
(increased)
preferred
9-
$1.12%
i—__—
4'%%-preferred
1st
Rockland
20
Liberty Ins. Co. of America (s-a)—
Extra
New
8-12
Electric
Welding Machine—
(quar.)
Gypsum Co. $4.50 pfd. (quar.)
National Hosiery Mills, Ltd.
(quar.)
Quarterly
1
2
Share
Co.,
(quar.)
7% 2nd preferred (quar.)
Richfield Oil Corp. (quar.)
Rio Grande Valley Gas Co., v.t.c
of Canada—
Common
5%
7%
4*
(quar.)
preferred
When
Rice-Stix Dry Goods—
9-30
20C
—
Company
Manufacturing
41/2%
CO1
■
10-15
50c
Rheem
9
9-
8-29
$1.75
National
5%
10-15
40C
Co., common.!
7% preferred (quar.)
National Cash Register Co. (quar.)
National Cylinder Gas Co., com. (quar.)
4 V\%
preferred (quar.)
Name of
Payable of Rec.
Share
Company
Biscuit
Per
Holder•
48
to
cessor
Andover,
North
in
Mass.,
under the
business founded by Nathaniel
1813, and Slater Manufacturing
manufacturing
woolen
a
in
Stevens
paid
a
on
gate
other manufacturers of textile
subsidiaries
its
and
PRODUCTS—Company
AND
are
in
the manufacture of
textile fabrics.
Company is also
in the sale of the fabrics so manufactured and in acting as
for the sale of grey goods
(i.e., woven fabrics in unfinished
form) and finished goods (i.e. woven fabrics which have been bleached,
dyed or printed, and otherwise processed) produced by other manu¬
a
being
of
Mills
Woolen
Stow
The
moved
shut
is
other
to
engaged
engaged
agent
and its subsidiaries together constitute one of the
most diversified manufacturers of textiles in the United
States.
Company is also one of the largest agents for the sale of
textile products manufactured by others.
The cotton
fabrics manufactured by the company and its subsidi¬
aries are sold in both the grey and finished state and include a wide
variety of shirtings, dress goods, other apparel and industrial fabrics,
sheetings, print cloths and related^ fabrics.
The rayon fabrics manu¬
factured by them are sold in the grey state and, with respect to certain
lines,
in the finished state.
They include dress goods, underwear
fabrics, sportswear fabrics and fabrics for upholstery and industrial
The
company
and
NEW
The
uses.
manufactured
fabrics
the
by
company
subsidiary companies are sold only in the finished state. They
wide variety of cloths used for men's, women's and children's
its
and
worsted
and
woolen
include
a
upholstery fabrics for the automobile trade.
The company also sells similar fabrics for other manufacturers.
In
addition, it sells for ether manufacturers sheets, pillow cases, linen
towels, napkins, tablecloths, flannels, denims, work clothes fabrics,twills, osnaburgs and other fabrics.
The sales for other manufacturers
are primarily of cotton products.
The company performs a wide variety
of'services for the independent manufacturers for whom it acts as
selling agent. These services include styling, scheduling of production,
assisting in quality control, testing and research assistance, market,
surveys,
settlement
of
claims,
and maintenance of
contacts with
finishers.
The company also assumes all credit risks and makes funds
available to the manufacturers promptly upon the invoicing of their
products to the customers.
and
garments
CAPITALIZATION
stock
Capital
!
$15)
(par
821;,284%
addition
*In
of
on
cents
75
a
a
share
each
a
share
stock
capital
held in treasury.
are
effectiveness of the plans of reor¬
Aug. 31, 1946, paid one special year-end cash dividend
share in 1946,
Quarterly cash dividends of 37V2 cents
DIVIDENDS—Company, since
ganization
of
July
paid
were
the
Jan.
in
and
April,
the period from 1942 to 1945,
contracted to supply the Government with
and worsted fabrics, in both the "grey and fin¬
with miscellaneous textile items, for use by the
Army, Navy and other Government services and agencies." Under the
greater part of such contracts the company provided for the manu¬
facture under sub-contracts of grey goods by both the companies which
company
consolidated
later
into
the
contracts
the
and
the
under
company
ganization and by other companies;
acted as agent under sub-contracts.
in
the
cases
some
of
plans
reor¬
war
In
Burnett &
textile items
and
Drexel
The
renegotiation
subsidiary and
Clement
termination
& Co._—
The First Boston
Alester
of
all
-
it
the
as
Operating income
settled.
have been
contracts
such
OF
BUSINESSES
OTHER
PROPERTY
AND
other
of
organizations
effected
were
the
of
as
31,
and
Mills
Dunean
Mills
Watts
M.
Stevens
T.
Sons
and
Slater-Carter-Stevens,
*To
"
Inc.
L—
Total
—
predecessor
its
or
stockholders
73,629
288,330
tl.991,742%
—
(exclusive
the
assets
and
including the mill
Ragan
businesses
of
the
properties (other than
*
Cleveland
Mills
aries
of
plan,
Inc., and upon
stock of these companies became the property .of the com¬
pany.
Each of these companies owned and now owns stock represent¬
ing 33 Vb% of the voting power of Stanley Mills, Inc.
An additional
33 Va %
the
plan,
On
to
and
was
subsidiary
a
addition
In
stock
such
of
also
now
the
is
owned
by Cleveland
of the compahy.
acquisitions of businesses
the company has made other
recent
Mills
Cloth
assets
acquisitions
by
ship.
currently holds 90% of the outstanding capital stock
corporation, having acquired all such stock at a cost of $800 000
having sold 10% thereof for $80,000 to minority, interests.
Wolfenden & Sons, Inc. is engaged in the dyeing and
finishing of
Company
1944
$201,291
$205,469
74,967
93,808
*37,194
*48,389
43,565
50,667"
1,364,949
1,140,754
1,057,101
1,202,117*
571,668
218,333
268,539
593,483
278,249
railway
15,328
89,308
385,047
railway
income—
oper.
166,
60.
P.
Ry—Earnings—
Equip.
Jt.
Net
418,287
447,431
2,210,348
Dr)
"216,018
108,070
955,591
(net Dry
20,150
18,229
124,693
89,935
$700,972
$3,620,388
$3,962,124
(net
rental^
ry.
3,952,678
—
accruals-
rentals
fac.
20,610,949
3,611,516
21,903,140
expenses
tax
$4,386,218 $28,814,160 $27,749,908
$5,297,529
revenues.
Operating
Railway
1947—6 Mos.—1946
1947—Month—1946
Period End. June 30—
$690,396:
income
oper.
2,290.257*
796,643
Other
28,864,720.
32,438,165
28,959,188
750,522
975,457
417,952
483,627
1,000,000
10,500,000
33,188,687
576,270
935,263
11,609,799
29,282,672
608,478
788,963
2,598,125
-
754,037
29,934,645
701,502
832,916
3,026,557
17,253,013
15,998,659
976,000
27,494
19,313,318
365,581
35,907
8,120,657
7,883,682
—_—
—■
$103
14,995,165
18,911,830
8,120,657
7,883,682
—V.
65,137
72,462
416,444
387,954
$755,533
income
Total
$773,434
$4,036,832
$4,350,078
—
income
__:
taxes
taxes—
profits
tax
—
Miscell;
Fixed
'
166,
.
for
period
in
BALANCE
banks
and
SHEET
on
MAY
AT
AS
hand,
$45,295,920;
3,
to
independent mills for
$2,552,228
$2,877,714
(Ga.)—Partial Redemption.
Mills
(Cotton)
called for redemption on July 21, 1947, at
dividends, 5,000 shares of 4'/2% cumulative pre-_
'Payment is being made at the Citizens <& Southern"
share
stock.
and
Bank,
Atlanta,
There
Ga.
125, p. 259.
10,000
were
outstanding.
shares
,
,
.
Co.—Stock Change Approved—To Sell
Tobin Packing
1947
$531,288
recently
company
per
ferred
'
67,001
1,405,363
$473,733
_v
The
55,994
1,428,610
412.
p.
Thomaston
-
•
.
8,081
234,065
'
•
income
Net
-V.
17,403,424
12.459
269,341
deductions
charges
Debentures Privately—
United States
proposal, by the company to increase the number of its authorized
common
shares from 200,000
(no par)
to 1,000,000 ($3 par) value
A
value
$34,->
plant
$31,-
approved by the stockholders.
been
has
This will permit a five-for-one
is expected to become effective this Fall.
was a
$3,000,000 3V2% first mortgage bond issue,
due July 1, 1962, which will be sold to Penn Mutual Life Insurance
Co.
The proceeds will be used to retire $1,850,000 of 3l/2%
mortgage
bonds due on Nov. 1, I960, and the balance for corporate purposes.
which
split,
Also
which company acts as
—V.
approved
164,
1253.
p.
C.
'
•
h
(Wis.) Kraft Paper Co.—Changes Name—
Tomahawk
-
McLaren, Vice-President and General Manager, on July 23
that the firm's name had been changed to National Con--
G.
announced
tainer
Corp.
tional
Sun Pipe Line Co.—New Presdient, Etc.—
C. Kinsolving has been named President of this, company,of the Sun Oil Co., succeeding John G. Pew, retired.
Hill Sanders has
been promoted to Vice-President, General Man¬
Wijliam
a
Container
and
director
a
and
a
and
Ogle has been named
Sanford E.
director.—V.
158,
p.
Delaware
was
year.—V.
last
by
acquired
156,
Na¬
1246.
p.
Tonopah Mining Co. of Nevada—SEC Holds Company
a Vice-
Is Investment Company—
2476,
—(Exclusive of Canadian Affiliate)
6 Months Ended June
Profit
income
Other
$1,149,561
383,838
—
__
Net
No.
income
of
taxes——
per
^Exclusive
—:
—
common
Earnings
of
——
shares-
share
our
———
:—
_—
proportion
of
it
—~
earnings
of
.
be
to
$1,533,399
.
-—-—
—
income
Federal
1946
$963,515
324,072
$1,287,587
—_—
,,
income
Gross
1947
'
30—
operations
from
.
the application of the company for an. order
primarily engaged In a business other than that
of
investing,
reinvesting, owning, holding or trading in securities. The
Commission
held that while the
applicant whose headquarters
are
located
at
Philadelphia was undoubtedly primarily engaged in
the
mining business at its organization, it has since changed its:
character .and "has, become in large part a company engaged in the
business of holding and trading in securities."—V. 162, p. 53.
denied
has
SEC
declaring
Superheater Co.—Earnings—
V.
of
Corp.
stock
Tomahawk's
Wisconsin.
of
subsidiary
The
Dec.
be organized in
certain
ry.
Operating
.
92,474
87,535
454,000
-
-
549,000
■
follows:'
as
1945
$173,774
*13,656
j.
Texas & Pacific
$440,813; minority interest in common stock, $143,401; capital
stock (par $15), $51,399,832; capital surplus, $14,228,252; earned sur¬
plus, $30,456,433; total, $136,507,338.—V. 166, p. 310.
Co.,
effected
1946
38,265
income—
«*Deficit.—V.
32,216,280
3,405,431
33,124,388
2,992,814
—
$196,548
railway
from
from
Net
1945
36,457,867
3,198,332
Depreciation
and
7, 1945, the company caused R. Wolfenden & Sons, Inc.
Massachusetts. This corporation thereupon acquired
land, buildings, dyeing and finishing machinery and equipment
at Attleboro, Mass. from the former R. Wolfenden & Sons
a
partner¬
to
Oct. 31/46
3,'47
v
railway-
oper:
Net
ments,
Co.,
the
Slater-Carter-Stevens,
Gross
''
Years End. Dec. 31,
10 Mos. End.
1/46
elimination
benefits not
1947
from
From Jan, 1—
5,000
■/
STATEMENT
to
tax
376.
p.
Dean Witter & Co
INCOME
effect
7,226
Texas Mexican Ry. —Earnings—
27,982,286
———
CONSOLIDATED
Fabrics
subsidi¬
consummation of the
and
166,
461,375
ASSETS—Cash
Spinning Co., R. Wolfenden & SonSj Inc.).
Carter
Slater Manufacturing Co., Inc. were wholly owned
Corp.
$2,698,362-
—
—
June—
companies,
Cloth
$3,112,510
—V.
Actual,
ager
predecessor
nine
of
$2,980,002-
$227,072
,
computed, giving
National
President
were
$2,736,832
inc.
27,520,911
interest
F.
acquisitions
$3,355,680-.
375,678
'
(Cr)
extraord.. non-recurririg
offset by special charge—
6,756,991
profit
Net
1,468,246 shares of capital stock (par $15).
The
properties directly or indirectly involved
such
$3,112,510
375,678
to con¬
income
ry.
7,158,014
charges
as a stockholder.
tCapital stock (par $15). As part of
plan, the common stock (no par) of J. P. Stevens & Co., Inc.,.
formerly outstanding in the amount of 66,253 shares, was changed to
in
44,582
Net
7,218,034
income
Special
company).
the
of
249
2,000
4,446,093
cial
tBy company
the
110,587
5,875
*
deducs—
of
*821,284%
,
992,821
229,781
2,500
—
utility pit.
adjusts.
Balance
selling agent, $13,521,153; accounts payable—trade, $7,594,631; accrued
$5,615,413; reserve for Federal taxes on income, $7,607,360;
reserve
for contingencies,
$5,000,000; reserve for inventory replace¬
77,245 Vs
688,9964/s
22,429
$239,539
Dividends applic. to pfd. stock for the period
liabilities,
6,232
28,388
.
—
Co.
50,867
1,874
125,659
The Wisconsin Co
& adm. exp.
LIABILITIES—Due
None
435,000
45,702
1,872
&
from
bonds—series G—at cost, plus, accrued interest (market
$100,438; accounts receivable, $21,952,507; inventories,
investments, $523,367; other -assets,' $611,265; property,
and equipment (after reserves for depreciation of $31,241,379),
684,319; deferred charges, $2,027,982; total, $136,507,338.
None
495,000
3,984
229,781
Net
35,621,711
profit before specharges
^
Net
186,151
178,742
41,250
3,542
disc.
7,876
Net
savings
59,320
41,250
44,177-
19,148
2,500
311,540;
5,963
$5 227,510
19,148
G. H. Walker & Co
Watlmg, Lerchen & Co._—
$95,238),
172,326
Manufacturing Co.—
Republic Cotton Mills
Wallace Manufacturing Co., Inc
$3,986,499
notes
of
struction
2,000
5,000
2,500
36,117,202
excess
tShares
——
Piedmont
661
$313,422
18,004
Net
39,656,199
income
Federal
'236,443
443,168
Victor-Monaghan Co
431
$3,973,549
12,950
•
Received
182,264
$5,183,333
952,133
$305,103
Interest charged
WITHIN
19,076
166,753
$312,761
!
debt
acquisition
9,000
,.
31,967,004
charges
Issued
;
—
—
income
Total
^Shares
#
Mills
678,333
$304,672
serial
Other, int.
Gross
29,983,625
1,983,379
—
income
Other
textile field. The principal acquisitions
1946 under the plans of reorganization
the nine predecessors listed below.
Names of Predecessors—
Aragon-Baldwin
953,000
expense
2,000
profit from oper.
Net
Other
the
in
Aug.
company
9,000
9,000
CONSOLIDATED
income—
—
Minority
ACQUISITION
2,153,408
947,840
62,500
"'
any
under
claims
76,818
mtge. bonds
of
Amortiz,
2,0005,000
—
contracts of the company and of
has been completed and the
of them will be reopened.
All
war
1,640,089-
153,093
78,000
appro
revenues
on
&
1944
Gross sales/less returns
$
$
$
$
and
allowances
109,190,726 146,362,935 172,858,955 175,829,212
Cost of sales
78,151,731 108,285,298 137,848,221 141,734,198
Prov. for depreciation—
1,055,370*
1,619,770
1,886,346
1,878,734
gen.
<*
106,409
i
on
Interest
Amortiz.
military
other
for
Interest
No. of
.
9,000
2,000
to May
Sell.,
1947—12 Mos.—1946
$1,180,790 $15,445,283 $14,777,016
575,618
7,417,486
6,323,123
$1,362,086
income
2,000
FORMA
oper.
Earnings—
717,073
income
Gross
2,000
J. J. B. Hilliard & Son
Other
150,445
1947—Month—1946
——.
res.
oper.
2,000
9,000
Brock——
PRO
402,166
155,932
retire,
Co.
——
_—_
Smith, Barney & Co
Stern Brothers & Co.
:
2,500
Co._
Sachs & Co
&
Greene
*32,531
taxes
Prop,
The Robinson-Humphrey
2,000
2,000
Hayden, Miller & Co
FIVE YEARS—Company has recently acquired by merger and otherwise
the businesses and assets or controlling stock interests in a number
involving
2,000
9,000
Corp
Furman
Goldman,
war
acted
anticipate that
other
and
which
•
Piper, Jaffray & HcpwoodReynolds & Co.—
Riter & Co..'—
Co,
Michigan Corp.—
G.
*76,310.
2,564,111'
698,420
286,763
60.
p.
taxes
Other
5,000
2,500
2,000
Curtis
5,000
—
&
Evans
A.
of
Federal
5,000
5,000
.
Inc.
predecessor companies
does not
5,000
5,000
,
Co
Estabrook
Fed.
under
those
,
ner
& Beane_
—:
F. S. Moseley & Co
Paine, Webber, Jackson &
5,000
2,500
—.
Equitable Securities Corp.—
State
company
Co.
&
1,678,057 '
193,841
*48,647
238,156
166,
expenses
Other
Lee Higginson Corp
Laurence M. Marks & Co.
Mason-Hagan, Inc.—
Merrill Lynch, Pierce, Fen-
2,000
Dominick & Dominick—
1945.
its
amount the renegotiated
gross
(including
.
Co
Clark, Dodge & Co.———
&
—_
income—
revenues
Oper.
Shares
2,000
2,500
Co
Alex. Brown & Sons—
Courts
Oper.
Trust Co., New York is registrar
Hornblower & Weeks——
Johnson, Lane, Space and
Co., Inc.
—
W. C. Langley & Co
—
2,000
9,000
Bacon, Whipple & Co
Blyth & Co., Inc
—
contracts of the company
sub-contractor) aggregated
approximately
$449,810,000,
distributed as follows: $121,059,000 in
1942; $118,175,000 Jn 1943; $103,677,000 in 1944; and $101,899,000 inuses.
Inc.,
Co.
Shares
Oscar
railway
oper.
*8,353
1,995,810
*21,274
*12,714
Texas Electric Service Co.
Net
J
Stanley & Co
19,750
Harriman Ripley & Co., Inc. 19,750
&
132,289
2,098,189
Period End. June 30—
the underwriters and the number
capital stock to be purchased by each are as follows:
,
Morgan
Branch
from
ry.
New
No. of
Total
company
fabrics
miscellaneous
and
fabrics
of
&
Morgan
company
required the delivery by the
company
of
worsted uniform cloths,
woolen
uniform fabrics
and
blankets/cotton uniform cloths, herringbone twill, tent duck, webbing
and
denim, rayon fabrics for tents and ponchos, nylon parachuteThe
of
1944
$421,452
26,071
•
railway
*Deficit.—V.
of
names
"Nov.
rayon, cotton, woolen
ished state, and also
were
shares
of
1945
$265,859
stock.
UNDERWRITERS—The
1947.
31,
the
agent, and Guaranty
transfer
is
the capital
for
and one of 50 cents
1947
GOVERNMENT CONTRACTS—During
inclusive,
York
1946
the company.
P.
AGENT—REGISTRAR—J.
TRANSFER
First Southwest Company—
*3,459,988 shs.
5,000,000 shs.
shares
in the
acquisition of plants, the pur¬
chase
and
improvement of machinery and equipment, and unusual
property expense items, totaling approximately $13,900,000. This pro¬
gram of expansion and modernization, as authorized by the board of
directors, contemplates a continuing program which affects all the
mills of the company and its subsidiary companies.
First
Outstanding
Authorized
Net
and
.
.
oil
$294,432
25;G13
income—
oper.
from
Net
AND IMPROVEMENTS—As of
subsidiary companies had authorized
construction
the
for
J.,
N.
1947
ry.
ADDITIONS
CONSTRUCTION,
commitments
.
Ehglewood,
in
$325,379
30,796
railway
railway
From Jan. 1—
Gross
nine operating
is
Vice-President, died
87.—V. 165, p. 579.
a
of
age
from
from
Net
aggre¬
operatives paid
its machinery
and
down
mills of
May 3, 1947 the company and its
largest
an
Gross
Net
'
process
facturers.
contain
mills
the
Tennessee Central Ry.—Earnings—
1,200 looms
mills.
BUSINESS
England
New
Noyes,
at
June—
aggregate of approximately 15,200 plant operatives
piece-work or hourly basis were employed' at the 19 mills.
an
MILLS—The
H.
20
aggregate
an
floor space, approximately
spinning spindles. , As of
1947, an aggregate of approximately 4,400 plant
piecer-work or hourly basis were employed at the
June,
on
contain
mills
Southern
19
4,600,000 square feet of
approximately 592,000
approximately 2,300,000 square feet of floor space, approxi¬
and approximately 76,000 spinning spindles. As of
of
mately
fabrics.
July
and;
ENGLAND
NEW
is manufactured in its own plants or those of its subsidiary
the function of acting as selling agent for others is con¬
an integral part of the company's business.
The company is
companies,
13
1947,
Swift & Co.—Death of W. H. Noyes—
Weller
him.
by
MILLS—The
looms
June,
stock
common
approximately
16,000
acquired since Aug. 31, 1946 a wholly owned subsidiary manufac¬
turing cotton yarn.
While now substantially more than half of the goods sold by the
currently acting as selling agent for
of
beneficially
SOUTHERN
of
has
tinued as
and
record
of capital stock of the company for the
of M. T, Stevens & Sons Co. owned of
plan 164,182 shares
shares
6,844
Inc., the successor to a cotton manufacturing business founded
by Samuel Slater in 1790.
As of Aug. 31, 1946, the company had, in
addition, one wholly cwned subsidiary manufacturing rayon cloth,
and one 90%
owned subsidiary finishing rayon cloth.
The company
Co.,
company
Monday, August 4, 1947
THE COMMERCIAL & FINANCIAL CHRONICLE
(508)
*$741,113
$896,864
862,855
862,855.
$0.85
$1.04
Canadian affiliate.—
165, p. 2459.
Chemical
Trenton
Offered—Carr
Co.—Stock
&
Co.,
Detroit, on July 25 offered 250,000 shares convertible
preference common stock (par $1) at par. «■"
Each
share
etc.,
is
maker
company,
will
use
working
the
into
convertible
one
share
$1
of
par
common.
The
of whiskies, industrial alcoholB, chemical solvents,
proceeds for plant improvements -and for additional166,
capital.—V.
412..
p.
of this
in cash and
R.
blended fabrics for the company
yarn for other manufacturers.
rayon
and the dyeing
of- small
auan-<
tities of
In
May,
the company
1946,
acquired from their respective owners
for $3,157,895 in cash 3,750 shares of the capital stock of Cleveland
Cloth Milis Co., of which it had previously held 1,000 shares,
acquired
at
cost of $100,000;
a
the
company
-
Mills
Co.,
Shelby, N. C.
In October, 1946,
for
$1,750,584
the
cash
in
a
result of the acquisition of the 3 750 shares
outstanding shares
engaged in the manufacture
is
which
as
holds
now
all
acquired from
company
all
of
of
its
Cleveland
rayon
Cloth
fabrics
respective
at
owners
the
outstanding capital stock of Ragan
Spinning Co. (N. C.), which is engaged in the spinning of cotton varn
at Gastonia, N. C.
The investments in the stock
of Cleveland Cloth Mills Co.
Spinning Co. have been reduced
assets at time of acquisition by
The
only
the
plan
estate
of
to the
book values of the underlying
surplus
only holder of record and the
charges to earned
Nathaniel Stevens
(the
beneficial owner known to the company of
outstanding capital stock of the company)
199,422
shares
estate.
of
shares
common
Moses
T.
of
stock
capital
of
M.
Stevens, one
and Ragan
stock
T.
of
the
Stevens
of the
&
more
than
received
company
Sons
Co.
for
10%
under
the
held
executors of the estate,
The
1947,
Offices—
Union Electric Co. of Missouri
announces the removal of their offices on July 28,
Seventh Avenue to their own building at 404 Fourth
York, N. Y.—V. 165, p. 2144.
,
company
from
Avenue,
498
New
,
Susquehanna Power Co.—Change in
Maryland P. S. Commission has issued
„
Stock—
an order authorizing
shares of common stock (no par) in
place of 110,500 shares of class A common and 135,000 shares of
class B common, both of no par value and now outstanding.
At the same time the Philadelpia Electric Power Co. was authorized
to acquire the new stock of Susquehanna Power in exchange for the
previously-mentioned amounts of class A and class B common stock.:
This action by .the Commission follows settlement
during May of
the
long-pending litigation between the two companies, which aresubsidiaries
of
Philadelphia
Electric
Co.,
and the Federal Power
Commission
concerning
the
original
valuation
of
the Conowingo
The
the
company
to
issue
.
hydroelectric
'the
received
12 Months Ended June
project.—V,
Total
operating revenues
Total operating expenses
166,
p.
1946
'
$56,235,069 $52,556>624.
j-L. 41,708,632 37,329,021$14,526,438 $15,227,603''
316,093
194,479
:
Gross
Amortiz.
of
—V.
166,
development
-p.
1
;96.
co—
1,044,637,
—
subsidiary—"
221,667
250,00a'
——i
(net)
income
3,492,668'
_v—3,345,126
&
premium on securs. of
Other deductions
Net
$14,842,531 $15,422,082
i
income
Interest charges (net)
Net losses of subsid'. land
206,384
428,571
1
/
.
$1^069,354 $I0;206,206?"
'
'
-
163.
Sutherland Paper Co.—Plans New Mill—
Race, President,
on
July .13 announced the construction
a $2,500,000 paper board mill at Kalamazoo, Mich.
William
1947
——-——
and taxes
Net operating revenues—.,
Non-operating revenues, net--—-.—
Union Ry., Memphis Tenn.—Would Extend Maturity—*
„
by this company of
—V.
165, p. 2551.
(& Subs.)—Earnings—•»
30—
200,000
of
the
8 313
by
Susquehanna Mills, Inc.—Moves
The
have
company
asked the
$1,000,000
All
of
the
of
and
its
affiliate,
ICC
for
authority
first
bonds
are
mortgage
owned
Iron
to
bonds
Mountain
extend
which
by Missouri
the
fail
BR. of Memphis,
maturity dates on
due Aug.
1,
1947.
Pacific RR.—V.
164,
p.
1332.
yolurae 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4617
United Air Lines, Inc.—Has 22 Giant Planes—
Nearly
Lines',
their
34,000,000
scheduled
United
order
33
passenger
300's
(DC-6s)
operations,
has
now
of
revenue
Mainliner
new
1947,
Labor
second
planes.
deducting
compared
statistics
quarter
announced.
is
delivery of 22, or more than two-thirds of its
giant five-mile-a-minute, 52-56 passenger luxurv
after
$609,276,306,
of
the
with
the
for
Average
Total
declarations, were
1946.
with the
dividend
current
$579,601,753
second
30,
at June
of
compared
1947,
quarter of
of
employees
payroll
Company intends to devote approximately $1,500,000 to expansion
the phosphorus
producing facilities at Mt. Pleasant, Tenn., and, as
estimated, not to exceed $2,000,000 for the purchase of a
plant
:
site
and
construction
manufacturing plant.
1946
285,915
253,209
$223,855,192 $159,198,142
1947
number
the
to
company's
The
corporation
to
have
it
was
them
has
tions.
He
initiated
purchased
installed
announced
in
its
described
fleet
Mainliners
of
and
1938
b/the war.—V. 166,
halted
but
Official
authorization
to
begin conversion and overhaul
Depl.,
of
of 72 Wasp
for
the
United
States
Army
Air Forces has been
the corporation's Pratt & Whitney aircraft division, it
was
stated on July 21.
Pratt & Whitney, it was said, will receive
in excess of $1,500,000 for the
project.
The engines, presently rated at 3,000 horsepower each, will develop
3,500 horse-power upon completion of the job and will be identical
the
ford,
by
latest
model
Conn.,
Major
Wasp
plant.—V.
United Corp.
165,
p.
currently in
3400.
production
Income,
1946
dividends
$1,128,417
Total
income
Services
of
132,765
than
adyser—
income
Federal
tax
income
income
166,
11,629
52,000
39,890
$609,244
tion,
S.
Cr500,000
6,304,919
13,900,270
6,304,919
68,571,379
12,609,838
24,138,541'
12,609,138
8,703,252
8,703,252
17,406,504
17,406,504
*1,107,901
38,555,037
*5,877,101
5,228,716
3,168,589
10,132,390
$2.65
$0.87
$6.43
Co.—Suit
Filed
to
Bar
Control
A
of
current
Total
Fed.
income tax reduprior years.—V. 165, p. 3400.
received
rights
on
:
sold
1947
v
—
$1,189,550
-
require
of
all
the
stockholdings in
30 announced filing of a civil action
Hickok Oil Corp. to divest themselves
and
company
and
control
of
Interstate
Motor
Freight
tem.
announcement said the
in New York, and was
Court
and
Hickok
Oil
"to
suit
filed
was
in
the
U.
S.
ICC
warder
said
and
company
requirements
may
own
approval.—V.
control
or
165,
the
complaint
Hickok
that
no
Oil
another
alleged
in
the
that
or
freight
for¬
without
carrier
common
holdings
System
Interstate
carrier
common
$467,856
ICC
3400.
p.
Charles
to
A.
Upson,
Hamlin
board
chairman
of
&
Lunt, Buffalo, N. Y.,
publicly at market.—V. 165, p. 2716.
The
company.
$16.50
at
2,777,560
44,082
104,770
101,768
$3,069,429
86,849
$3,667,623
$3,339,650
$3,156,278
693,709
1,351,204
taxes—
50,553
William C.
urer,
Batchelder, Assistant Treasurer, has been elected
succeeding
United
Nicholas
States
Yard,
resigned.—V.
Smelting,
165,
Refining
subsidiaries
Co.
(&
Subs.) —Earnings—
5 Mos. Ended
Gross
Fed.
share
a
for
ry.
Deprec.,
Net
Pfd.
$3,504,007
1,148,606
income.,
on
depl.
&
amort.
In
$727,326
1944
$1,888,580
Cr79,i51
$2,663,113
437,422
145,761
51,386
37,092
$2,114,658
$1,128,264
$1,053,896
1947
,
railway
railway
will
586,777
662,645
820,064
$788,513
and
ry.
—V.
682,424
682,424
682,424
682,424
957,611
479,504
796,098
592,756
18,423,990
11,865,930
15,764,051
15,070,475
7,773,774
3,155,482
6,175,293
6,735,624
4,789,601
2,048,758
4,520,332
3,662,984
June.—V.
t$462.724
97.
p.
166,
V
f$0.81
$0120
tDeflcit.—V.
SEC
This
has
shares
issue
share
lor
will
basis
5%
be
four
75,000
the
June,
registration
The
165,
cents
statement covering
preferred
(par
stock
common
and
the
annual
Sales
U,
of
S.
Television
United States Steel
Net
the
thereafter
end
of
which
on
at
time
share
a
smaller
a
$4).
the
for
ratio
Irving
Income
for
the
second
about August
on
from
rose
4
at
net
profit
The
reported
$213,175
Burnside
$4
in
Co.
&
less
share,
a
to
May
quarter of
Increase
of
and
wear
cost
of
3s
the
wear
continued
will
will
be
,
In
y
on
the
$253,258
first
based
the
bf
of
the
present
—m<^
charge
.
for
their
so
renlaced.
If
the
installed in earlier years
original
cover
earlier
;
,
the
statement the
facilities
problem
amount
exhaustion
ce 1941
.
have
was
served
dealt
their
of
so
with
useful
current
charged and
are shown
facilities as
tentatively
construction
eorresoond-
a
additions
as
ordinarily
to
the
computed
is analogous to that applied by
the use of tbe "last-in, first-out" method
in
aetermln.ng the cost of Products and services
inventories.
However, the added amount for wear
not
presently deductible for income tax purposes.
^JLe«/£dltional charses
depreciation
as
are
ordinarily
an
equivalent to 30%
computed
Percentage
of
Sin!nfOV!u pre1!a! cost but
further
pending
study.
in
increase
the
sold
and
of
past.
in
cost
in
the
charges
This
of
respect
exhaustion
is
new
is
for
materially
plant
ifc is deemed appropriate at
of
con-
the moment
of ftf7eI Pr°ducts in the second quarter of 1947 amounted
:°n .r8A716 ,nat tons. and for the first six months amounted to
?
8—rePresenting new peacetime records for tonnage
shipped in
+
have
flrs? six months of
J1 e. same period
with steel
fered
1947
were
of 1946, when steel and
averaged
98.1%
of
rated
th.e of
s*c?n<? dua,rter
facilities
72%
coal
more
complete
Net
the
current
capacity.
of
1947.
in
the
second
quarter
of
•
the
cost
of
$56,500,000.
additions
At
than
of
it
complete
all
authorized
facilities was approximately
June
to
and
30,
was
authorized
assets
of
additions
the
and
corporation
improvements.
and
its
subsidiaries
1945
for
June
Warner
Bros.,
O.
K.
Pathe,
Inc.,
commercial
President.
as
changed
equip¬
the deal
but
films
studio
or
The
August to
in
of
name
Warner
Pathe
Pathe
Newsreel
News.—V.
164,
'
Western Auto
of
made
the
due
called
sinking
1,
Sept.
The
at
Supply Co. (Mo.)—Partial Redemption.
has
company
debentures
1944
$125,343
$119,625
$105,307
9,493
19,991
22,167
11,240
._
income—_
*931
14,943
15,797
for
redemption
Chase
on
Sept.
1,
through
1947,
$275,000 of. 15-year
sinking
fund
100V2
and interest.
Pavment will
National
Bank
of
the. City of New York,
fund,
1955,
at
681,764
665,419
Operating
§8,007
117,910
Taxes
70,171
9,315
77,538
63,726
other
Preferred Stock Offered—
—
and
and
resells
sulphate,
approximately 2V2%
catalysts,
Company also purchase from
of
of
salts
epsom
soda
and
and
other
manufac¬
other
alkalies, sodium
chemicals, amounting to
its sales.
company's products
used
products
are
atabrine,
polishing
water
and
the
manufacture
penicillin,
agents
domestic
in
sulfa
*
use,
of
drugs'
and
important uses
matches, fireproofing
in
the
include
of
the pharmaceutical field
they
drugs and medicines, including
mineral
supplements, and as
and
They
and
are
disinfecting
manufacture
the
wood
bever¬
of
In
various
dentifrices.
cleansing
Other
also
used
compounds
of
steel
manufacture
extensively
for
and
of
rate
of
soaps,
production
and
in
and
excess
of
at
the
normal
present
time
capacity
by
is
plastics
and
producing,
special
phosphorus
with
that provided
arrangement
Tennessee
the
Valley Authority for power in excess of
original long-term contract.
In view of the sustained and
demand for its products, the company deems it advisable
augment
further
both
its
phosphorus producing and its processing
proceeds of the sale of the 40,000 3 '/2 Ac¬
cumulative preferred shares, second series, will be used in part to in¬
crease
phosphorus production facilities at Mt. Pleasant, Tenn., and
in part to provide for the construction of a new
processing plant at
Accordingly,
strategic location
into balance with
the
facilities
$563,647
$3,913,357
$2,162,249
16,048
127,508
125,319
$758,609
____
$579,695
$4,040,865
$2,287,568
1,460,872
232,975
166,
309,549
1,381,345
$525,634
$270,146
$2,659,520
$826,606
97.
p.
.
Development Co., Salt Lake City,
&
at
Mt.
to
bring
processing
and
manufacturing
used
filed
(5c. par)
to
a
letter
of notification
with the SEC
stock, to be offered at 25 cents
Co.. Salt. Lake City.
Proceeds will be
common
equipment
mining
purchase
capital.
and
supplies
and
for
working
*
.
Wheeling & Lake Erie Ry.—Partial Redemption—
The
called
has
company
for
redemption
on
Sept.
1,
1947,
through
the sinking fund, $63,000 of general and refunding mort¬
2%% bonds, series A, due Sept. 1, 1992, at 100 and interest.
Fayment will be
made at the Manufacturers Trust Co.,
trustee,
55 Broad St., New York, N. Y—V.166, p. 413.
operation of
gage
Whitin Machine Works
(Mass.)—Buys Maine Plant—
and equipment of Fay & Scott, manufacturers of machine
tools
for 66 years
at Dexter, Me., have been acquired by Whitin
Machine Works, who have organized a new company, Fayscott Corp.,
which will be a wholly owned subsidiary of Whitin's, with E. Kent
Swift as Chairman of the board.
The plant will continue to manu¬
facture flat top cards and drawing frames, which it has been building
in recent years.—V. 158, p. 2089.
The
plant
Wisconsin Central Ry.—Earnings—.
'
from
Net
ry.
4946
$1,847,342
376,587
income—
265,986
180,501
432,336
215,342
10,697,535
1,680,926
424,339
10,459,902
11.068,363
2,786,574
3,028,083
1,542,882
1,804,788
oper.
From January
from
ry.
—V.
railway
railway!-——
12,745,459
3,674,976
income—_
1,971,235
oper.
166,
IS47
$1,972,239
$1,938,003
762,293
567,563
1—
from
Gross
Net
Net
1944
$2,209,237
695,455
railway----
from
Net
1945
railway——
juneGross
97.
p.
Wisconsin Public Service Corp.—Acquisition—
The
all
July
SEC
on
the
of
240
24
shares
.
approved
the
issued
and
of
purchase by, the company
outstanding capital stock
of
of
& Power Co., an electric public utility company
which distributes electric energy purchased from Wisconsin and Serves
annroximately 335 customers in the villages of Pound and Coleman-,
Coleman-Pound Light
Marinette
County,
is stated to be
Wis.
The
consideiation
to be
paid
for the
$254.23 per share, or a total of $61,015.—V.
shares
166, p. 202.
enlarged phosphorus production capacity.
in operation and the contemplated increased
Tenn.,
capacity
are
will
completed,
be
rate of production.
the
increased
company's
by
stockholders
The
of
the
Inc..
of
Paterson,
New
The
total
approximately
(N. J.)
Wright Aeronautical Corp.—Sale of Paterson
Plants Approved—
capa¬
the
Pleasant,
production
present
of the
July 23
on
through H. A. Emery &
the
Florida plant is
75 7o
company
250,000 shares
as
fabrics,
produced,
increasing
city
income
share
metals.
PURPOSE—Company's processing plants at West Nashville, Tenn.,
and Chicago Heights, 111., have been
operating for several years at close
to capacity.
Its phosphorus producing plant at Mt. Pleasant, Tenn.,
has been producing phosphorus at full
capacity for several years and
some
313,622
76,968
18,662
income
The
for
a
industrial
other
textiles,
of
gasoline,
laundering,
blueprinting, dyeing of silk',
wool, cotton and rayon, finishing of various
textiles, tanning and fin¬
ishing of leather, bleaching of wood, cotton, cork, and other sub¬
stances, refining of ores and metals, rust-proofing, metal
treating
and plating.
The company's products are also used in the manufac¬
ture of
fumigants, insecticides, paper, lacquers, and other substances.
waterproofing
When
81,406
76,153
$739,947
income
Western Mining
the
softeners,
facilities.
—V.
are
dairy and other food products.
used in
are
11,048,940
1,662,000
43,211
11,507
for
a
wide variety of
purposes. The
largest single user, in which
industry the com¬
important as leavening agents in
baking powders,
self-rising flours and other types of flours, and in
specially prepared
baking mixes for biscuits, doughnuts,
cakes, gingerbread, waffles, etc.
They are also used for the enrichment of
flour, as a conditioner for
salt, sugar and soda, and as ingredients in the
industry is
ages,
Net
compounds, and
compounds and salts,
ferro-phosfurnace slag, formic acid and for¬
phosphatic
bicarbonate
aluminum
pany s
427,000
Utah—Files With SEC—
mates, oxalic acid and oxalates.
food
29,496
8,438
13,907,366
2,838,000
Fixed charges
»
AND
phosphorus
The
1,801,159
500,000
Net ry. oper.
Other income
Gross
Chemical Works
phorus,-phosphoric acid
turers
,$2,760,102 $20,653,470 $14,636,535
2,409,567
Operating rents (Cr)__
Joint facility rents
97.
p.
$3,628,456
—
'
—
1947—6 Mos.—1946
1947—Month—1946
expenses——
148,418
income.—
166,
revenues
Operating
737,193
185,085
Ry.—Earnings—
Period End. June 30—
6,044
1,044,871
,
phosphorus
at
includes all assets and
It
R.
subjects,
,
Western Maryland
1946
$155,792
BUSINESS—Company, organized in 1902 in Illinois,
is one of the
leading manufacturers of phosphorus, high grade phos¬
phoric acid, and phosphates for food,
pharmaceutical, technical and
manufacturing purposes.
Its manufactured products include elemental
phosphorus, phosphoric acid of various types, phosphoric anhydride,'
calcium phosphates, sodium
phosphates, ammonium phosphates, potas¬
sium phosphates,
iron phosphates, organic phosphorus
under
$350,000,000.
Beconstruction, this amount includes $60,originally estimated would be required to
improvements
oper.
HISTORY
the
inter¬
of
short
subsidiary, Warner News, Inc., was formed to conduct the
business, with Norman M. Moray, short subject sales man¬
new
The
$1,383,291
Mention was made in our issue of
July 28 of the offer¬
ing on July 25 by F. Eberstadt & Co., Inc. of 40,000 shares
of 3x/z% cumulative
preferred shares, second series ($100
par) at $100 per share and dividend.
Further details
than
greater
strikes
division
Pathe
1238.
p.
be
railway
railway.:
Victor
a
rsing cost of
and
SnSnnn0
ry.
at
1947
additions
to
necessary
$1,500,967
1947
"Deficit.—V.
1946
to
amount
000,000
castings
approximated
tne
Net
to
ingots and
improvements
711,144
from
in
production.
-iorn°dUCticm j0f
3947
$2,094,435
1,422,289
railway-.
railway
from
1946.
quarter and in any first six months.
Quarterly
shown a gradual
Increase since the beginning of
..
Gross
sh-'p-
any
ments
$2,923,256
preDaration
1947
The principle involved
oo?aS,
©f
to
.
of
and
original
facilities
substantiallv
cost, the resultant
the cost of the
replacements which
for the second Quarter
wear
covering
the
upon
an
facilities
facilities
including a provision for a part of the cost of
the
charge for goods and services purchased.
In
*t
of
basis
r
quarter
that
over
reflects
cost
a
of
declaration
1947
as
as
income
before
of
deducted
total
a.
a11
quarter
amount
cost
these
.
$158,136
follow:
$29,336,868
present-day cost of new
through use in production is
old
when
1947>
to
The
inadequate to
"
of
second
exhaustion
the
necessary
life.
the
the
original
and
on
be
1947 amounted
first quarter, or
the
facilities
out
worn
for
reserve
of
facilities.
than
more
in
exhaustion
those
charge
for
$6,700,000
such
replace
income
$212,454
newsreel
affect
probably will be
Ry.—Earnings—
oper.
Net
of
Corp<—Quarterly Earnings—
the first six months
or
dividends.
2,326,875
from
ry.
conversion
\
$39,234,511 for
7.79i
T.
*■
of
$4,521,310
2,197,129
the
not
newsreel
From Jan. 1—
requirement for
the entire
$15,000.
This obligation was cov-
to
corporation for the second quarter of
S.
Olds,
chairman, announced that the directors had
©n
June 30 dec.ared the
quarterly dividend of $1.75 per share on the
preferred stock, payable August
20, to holders of record August 4,
and a
dividend of $1 per share on the
common
stock, payable Sep¬
tember
10, to holders of record August 8.
1947,
A
164.
p.
from
Net
^be eBrn-n£s
i
$5,120,385
209,272
$158,136
Inc.—Acquires Pathe News—
July 28.
on
trustee, 11 Broad St., New York, N. Y.—V. 166, p. 413.
dividend
amounts
Co., Inc.,
discount.
NASD
$367,408
88,569
$21^,454
Utah
3400.
p.
iS0reJi ? eight ^mes in 1947 first Quarter
ris- !SSU? Wl11 be °£fered through Willis E.
Mercer Htcks &
and
$301,023
deducts
announced
facilities.
$0.93
t
convertible
into
1948,
at
years
shares
does
61,155
—
166,
$491,752
,
..
Co.—Offering This Week—
cumulative
convertible
exp.res.
of
<iod
50
approved
through
another
privilege
issue
of
32,586
June—
U. S. Television &
Mfg.
^
9,924
income
Gross
75,000
2,269
—I
was
of
ment
$14,137,843
9,777,688
$4,360,155
Balance
413,
p.
Corp., ,it
operation
-V.
$106,089
$2.21
shares.
Net
$2,327,982
957,646
The corporation has acquired Pathe News from Radio-Keith-Orpheum
*
$5,087,799
Dividends
$1,167,721
common
income
1944
$2,539,538
816,472
income
oper.
166,
offered
1947—12 Mos.—1946
$1,174,176
share—
528,765
Total
1945
$2,382,300
1,160,669
<
727,961
railway
railway—
from
Net
be
$357,484
(net)
income
1946
$2,955,893
income
oper,
Net
behalf
on
$298,754
668.873
$219,700
require.__
per
income
Gross
505,256
Balance
^Earnings
"On
1945
$1,850,145
earnings
dividend
1946
$2,260,419
108,046
from
ager
1947
$1,090,987
,
From Jan. 1—
stock
$1,130,014 $15,902,281
772,530
10,814,482
1,039,883
revenues—.
oper.
Other
May 31—
earnings
taxes
Net
$1,338,637
36,000
32,973
.
$997,539
from
from
Gross
SEC
(& Subs.)—Earnings—
1947—Month—1946
Total oper. revenues
Total oper. rev. deducts.
Mining
&
Period End. June 30—
Treas¬
1911.
p.
Utah Power & Light Co.
563,000
1,433,317
38,000
$1,179,650
56,000
J
Warner Bros. Pictures,
United States Life Insurance
Co., of N. Y.—New Treas.
567.000
1,555,000
(net)
$1,105,585
of
Net
July 25 a letter of notification was filed with
the
1,800 shares ($10 par) common stock, which is being offered
sold
3,593,918
$3,237,881
166, p. 413.
Gross
Upson Co., Lockport, N. Y.—Files With SEC—
of
—Years Ended Dec. 31—
Virginian Ry.—Earnings—
3079.
p.
STATEMENT
4,316,486
profit
Net
with
Department
freight
violated
profit
165,
un¬
77,583
30,000
—
On
Justice
the
toy
tax—
INCOME
an
the second
$3,562,853
taxes
June—
—V.
Commission."
The
income
—V.
Sys¬
District
designed to compel the freight company
orders of the Interstate Commerce
comply
Federal
65,500
$1,084,410
for
into
which it has
1,980,278
prof, tax
income
Net
$575,440
39,640
Provision
Net
The
$1,189,550
Expenses
of
terms
$1,849,847
income
profits
$567,044
8,396
Total
Attorney General Clark July
by the
Equity attaching to mi¬
nority interest in net
Carrier—
to
has entered
Inc.,
the 40,000 shares of
Prov.vfor contingencies.
1946
—
.___
Co.,
$L805,764
profit
exc.
Other
year's Federal
provided for in
&c.
Balance
Profits
&
company
May 31,'47
1946
1945
1944
$8,874,408 $19,408,527 $16,547,880 $14,885,818
5,088,365
11.529,187
9,716,081
9,038,829
Profit from operations
income
$1.32
associated
dis-
Other
5,887,453
share
less
Cost of goods sold
Expenses
Federal
(tons)
6 Months Ended June 30—
Freight
sales,
counts,
finished
tLess
the
5 Mos. End.
19,195,707
14,231,486
48,800,000 Cr7,300,000
14,328,697
Dividends
U.
9,085,049
21,400,000
dividends
included herein
with
1,704,871
29,336,868
com.
agreement
agreed to purchase from the
company
series.
United Stores Corp.—Earnings—
164.
p.
1,262,513
865,624
12,590,262
steel products
40,000 shs.
*749,000 shs.
850,000 shs.
shares held in treasury.
CONSOLIDATED
„
per
derwriting
Gross
dividends.—
"Deficit.
35,240
—
tax_____
"26,117,248
_Cr28,299,808
Crll.266,791
633,064
,
„
of
40,000 shs.
on
Fed. taxes on inc.
Earns,
85,000
$773,198
for
costs
Surplus
$793,528
182,979
financial
other
Provision
Net
taxes
Common
$1,128,417
expenses
«-V.
other
54,192,853
14,131,343
Outstanding
100,000
par)_"_l__I
($5
UNDERWRITER—F. Eberstadt
_—
&
Shipments
Current
*
28,997,602
war
long-term debt
State, local & miscell.
$789,201
4,327
_
fixed
of
manu¬
new
FINANCING
PRESENT
TO
series
shares
"Exclusive of 1,000
costs
Int.
Second
and
#
Income
income
Taxes,
sale
the
which
business
expected to produce.
are
Initial series
Common
amort,
facil.
proceeds
additional
Cumulative pfd. shares ($100 par)
3»/a% cumulative preferred shares:
431,573,329 310,693,419
385,208,700 267,858,673
assets
Preferred
1947
154,251,722
deprec.,
emerg.
loss on
Hart¬
(Del.)—Earnings—
162,820,426
pens.
fStrike and other
Est.
3 Months Ended June 30—
Interest
at the
228,452,709
bought 212,374,721
serv.
as
Authorized
$
cnpifil
&
taxes
processing and.
will be added to
working capital
phosphorus
a
such
CAPITALIZATION GIVING EFFECT
1,008,804,481 609,144,430
CUSIqimac
Prod, and
engines
received
to
Wilffpg
$
$
533,785,226 343,287,643
and services sold
of
of
use
for
1947—6 Mos.—1946
1947—3 Mos,—1946
$
Prod,
secur.
310.
p.
United Aircraft Corp.—Unit Gets Gov't Contract—
Major
Period End. June 30—
expects
this winter,
by
29
the
by United in
altimeters
radar
200
entire
by J. A. Herlihy, Vice-President-Opera¬
project as the culmination of a program
July
on
balance
funds
help finance the increased volume of
(INCLUDING SUBSIDIAPvIES)
STATEMENT
thereon
The
general
facturing facilities
CONSOLIDATED INCOME
Buys 200 Radar Altimeters—
49
presently
follow:
1946,
2nd Quarter—
taken
the
of
it
30,
miles were flown in United Air
during the first two months of
(509)
York
at a
N.
real
special meeting
on
July
J., plants of the comoration
estate firm, for $3,200,000.
the sale
& Knapp,
30 approved
to
Webb
depreciated balance sheet value of the plants was 2,688,958 as
The Wright corporation late last year comp etdd transfer
June 17.
of its operations to
the new plant at Wood-Ridge, N.
J.—V. 166, p. 310,
5(f (510)
THE COMMERCIAL & FINANCIAL CHRONICLE
State and
Monday, August
4,1947
City Department
BOND PROPOSALS AND NEGOTIATIONS
demption at said redemption price.
ALABAMA
Interest
Alabama
(State of)
To Reoffer Bonds
The Docks
to
call for
July 29
on
bids
construction
and
so' subsequently reoffer the issue
of) $4,000,000 not to exceed 3% in*
terest dock revenue bonds. At the
previous
Offering,
100.069,
Offering Cancelled
is stated by the County Clerk that
the offering of the $25,000 school
the high bid bonds which had been scheduled
submitted by a syndicate headed
for July 25, was cancelled because
by Sterne, Agee & Leach, of Bir¬ of an error found in the
proceed¬
mingham, providing for a net in¬ ings.
terest cost of 2.69887%, was re¬
jected.
One other bid was sub¬ Merced Union High School District
(P. O. Mercsd), Merced
mitted, a group headed by John
Nuveen & Co., offering to take the
County, Calif.
bonds
on a
2.69889% basis.
Alameda County, Irvingtort
School District (P. O.
Oakland),
exceed
Calif,
Offering—-G.
E,
Wade,
County Clerk, will receive sealed
bids until 10 a.m. (PST) on Aug.
12 for the purchase of $48,000 not
to exceed 5% interest* coupon or
registered
construction
boncfs.
Dated Sept. 15, 1947. Denomina¬
tion $1,000. Due Sept. 15, as follows: $1,000 from 1949 to
1958,
inclusive;
$3,000 from 1959 to
1968,
inclusive,
and
$4,000
in
and
1969
Rate
1970.
interest to
rates
or
of
than
bonds
obliga¬
A certified
unlimited tax
are
interest school bonds.
rate
one
of
Raasch,
T.
An
abstract
Treasurer,
County
Sacremento County,
furnished
be
without
bidder
the
Calif,
successful
cost.. A
certified
check for 5% of the amount of the
bid,
payable
to
Details—The
Sale
Bond
000 school bonds
to
R.
Moulton
H.
the Angeles,
of
order
Arden School
(P. O. Sacremento),
District
as
noted in
visors, is required*
price of 102.684, a basis of about
2.25%. Dated June 15, 1947. De¬
nomination $1,000. Due June 15,
Offering
County
macher,
p.
Rechen-
L.
—
Clerk,
will
in, 1949 and $4,000 from 1950 to 1972, inclusive.
as
Cruz
City Ele¬
SchoolDistrict
mentary
000 in 1951 to
$19,000 in 1957,
of certificates to con-,
bridge in Fort Lauder-$525,000 certificates for
roads in Highlands" County.
The roads and bridges would be
leased to the State Road Depart¬
ment and the certificates paid off
and
1968, and $24,000 in 1969
1972, These are the bonds
at
-
the
oline tax
bonds.
Due $1,000 on
July 1
to 1962 inclusive.
was
authorized
at
able
at
partment is vested with authority
into a lease and purchase
contract with
the Improvement'
to enter
Commission.
pay¬
William S. Hart Union
High School
District (P. O. Los
Angeles),
Los Angeles
County,
follows: $3,000
.
Calif.
Bond
Offering—J. F. Moroney,
County Clerk, will receive sealed
Alameda County, Newark
School
District (P. O. Oakland),
Calif.
166,
awarded
311—were
p.
struction
1947.
bids
sealed
bonds.
until
1,
1948
to
follows:
as
2
Dated
Denomination
Nov.
Bond Sale—The $151,000 school
bonds offered for sale on July 22
—v.
ceive
re¬
1956 to
Nov.
$1,000.
1,
Due
$1,000
from
1950
Inclusive; $2,000,
inclusive; $3,000 from
1961 inclusive, and $4,000
1962, Rate
or
rates of interest
National
to be expressed in multiples of %
Trust & Savings Association, of
of
1%.
Principal and interest
San Francisco, according to the
(M-N) payable at the County
County Clerk. Dated Sept. 1, 1947.
Treasurers office. Bonds were au¬
Due from Sept. 1, 1950 to 1966,
to the Bank of America
inclusive.
was
H.
R.
Co.,
&
Moulton
in the bidding
the runner-up
for the bonds.
Alameda School District (P.
O.
Angeles), Los Angeles
Los
County, Calif.
Bond Offering—J. F.,, Moroney,
y
thorized at
purchase of $140,000 not to
5% interest construction
bonds. Dated Sept. 1, 1947. De¬
to
order
of
on
June 20.
311^were awarded to a syn¬
composed of the Bank of
America National Trust & Sav¬
dicate
Association Blyih
Co.,
both
of
San
Francisco, E. H.
Moulton & Co., of Los Angeles,
the
Anglo - California
National
Bank, of San Francisco, Harris
Trust & Savings Bank of Chicago,
Heller, Bruce & Co., Stone &
Youngberg,
and
Hannaford
&
Talbot, all oi San Francisco, as
ings
$300,000
nomination
follows:
i957
incl.,
$1,000. Due Sept. 1,
$6,000 from 1948 to
and $8,000 from 1958
District (P. O.
Angeles), Los Angeles
County, Calif.
authorized
to 1967 incl. Issue
was
at
June
election
an
on
13.
Prin¬
cipal and interest (M-S) payable
at County Treasurer's office. A
certified
check
for
3%
the
of
order of the
Chairman of the Board of County
Supervisors, is required.
payable
bonds,
to
California Toll
(P.
O.
Bridge Authority
Oakland), Calif.
Bond Call—The American Trust
Offering—J. F. Moroney,
5%
interest
incl.
at
a
800,000 Watsonville Joint Union
High School District bonds at
a price of 100.025,
a net in¬
terest
cost
of
about
1.71%,
divided $350,000 as l^s, due
from July 1, 1948 to 1954, and
$450,000 as l%s, due from
July 1, 1955 to 1963.
construction
bonds. Dated
$3,000
Elementary
bonds
price of 100.063, a net interest
cost of about 1.68%, divided
$140,000 as IV2S, due from
July 1,
1943 to 1954, and
$160,000 as l%s, due from
July I, 1955 to 1962.
County Clerk, will receive sealed
bids until 10 a.m. on Aug. 5 for
the purchase of $60,000 not to ex¬
ceed
District
000
Sept. 1, 1947.
Due
Sept. 1 from 1948 to 1967
Denom. $1,000.
Issue was
on
secured by a
.
Bonds will be redeemed
on
redemption date, at 103% of the
principal amount plus interest
thereon
bonds
due
must
on
that
be
surrendered
date.
Said
on
said redemption date with all in¬
terest
maturing on or
subsequent to
said
redemptioh
date at the principal office of the
paying agent, Bank of America
coupons
National Trust and Savings Asso¬
ciation, San Francisco, or, at the
option of the respective holders
thereof, at the office of the col¬
lection agent, the Guaranty Trust
Co.,
of
New
York
City, for
re¬
Nuveen & Co.
:
-
Orange County ■ School ~ Districts
(P. O. Santa Ana), Calif.
•
The
Corralitos
Union
inclusive.
across
Rangely, Colo.
All
of
thej above
bonds
are
1947. Interest on all
authorized:
$29,000
Road
State
certify
of
Department
Florida.
'
.
CONNECTICUT
Fairfield, Conn.
Bonds
Offered
—
An
issue
1949, $30,000
in 1950 and.
1951, $40,000 in a952/;and;
$50,000 in 1953 and 1954. The;
of
$145,000 not to exceed tlV2% in¬
terest
coupon veterans' housing
bonds of 1947 wastiffered on Aug.
payment
1. Dated Aug. 1, 1947, Denom. $1,000. Due Aug. 1, as follows: $30,-
be
000
and
from
1948
lien
payable
at
the
19647*:inclusive.
street
drainage
and
and
.
of
the
roads. to
toll
be'
State
Road'.
Live Oak to
of
from
122
opr-
and State Road
Day
through
Dowling Park to its intersec¬
tion with State Highway No.,
69 in Suwannee County, to be
constructed
from
the ^pro¬
ceeds and the sale of said -cer¬
tificates and secured specifi¬
cally: by
a
lease-purchase
agreement
with the * State,
Road Department of Florida.
No.
from
92
525,000 series 3. Due April 1, -as!
follows: .$50,000 in 1948, $60,000 in! 1949; $70,000 in 1950,]
$75,000 in 1951, $80,000: ini
1952, $90,000 in 1953,, and|
$100,000 in : 1954. The ; pay-|
^
►
said certificates
ment of
the interest; thereon
secured by a -pledge
$450,000
exclusive
-
brid^, bonds.
closed.
and
from
White Springs
$224,000 street improvement and
bridge bond£g Due $14,000 in
to
derived
constructed
No.
.
the income and rev-,
eration
port.
1949
exclusive
on
enue
Bridgeport-City Tryst Co., Bridge¬
pledge of a
secured by a
first,
jp..J1951 inclusive,
(F-A)
certificates,,
of said
and the interest thereon wif!,-
$25,000 in 1952. Principal and
interest
'
250,000 series 2. Due ApriLl, as,
follows: $25,000 in 1948 and •
.
the
and;
will* be
of
and closed
income and
.rived from the
H. A. Miller,
a
first,
lient ob
revenue-de-f
operation ©f #
toll road to be constructed
and
...
.
Road No. 8 in DeSoto.
.
.
:
\
■
:
of!
State Road No. 59 from State
.
'
said
of
by a lease agreement with the*
July 22 election will
the market shortly.
issues
Buena
sale
icates and secured specifically'
on
FLORIDA
payable J-J.
County Clerk, re¬
Florida ffffiate of)
$40,000 ceived sealed bids until Aug. li
Toll Road and Bridge Revenue
Laurel School District.
for the purchase of $1,515,000 not ;
Certificates Validly Upheld —A
to exceed 5% interest coupon or !
Orland, Calif.
recent decision* of *the Florida Su¬
Bond Sale Details—The $13,- registered bonds, divided as fol¬
preme Court upheld- the^* author¬
000 fire department bonds award¬ lows:
ity of the
State4 Improvement
ed July 13 to the Bank of Amer¬
$1,000,000 Santa Cruz City High Commission to issie revenue cer¬
ica ' National
Trust
&
School
District
bonds.
Due. tificates to construct "toll" roads
Savings
Association, of San Francisco, as
July 1, as follows: ,$30,000 in and bridges .in Suwanee, Brow¬
1948 to 1950, $35,000 in 1951 ard and Highlandi^bounties.
previously noted in v. 166, p. 203
were
Park School District
operation of as
be
constructed
to
the New River in Fort*
the
and
Bond Issuance Soon—The $100,water system bonds author¬
water
dated July 1,
first,:
a
Lauderdale, Broward. County,*
on State Road No. 176, to be
constructed from the proceeds'
same time,
100,000
storm "Water ! drainage
were awarded to the
bonds. Due?$B,000 in -1949 to
County Firstv National Bank, of
Santa Cruz, as 2*4s, at a price of;
1963, and $10,000 in. 1964.
The 1947 Legislature authorized
100.227, a basis of about 2.22%.
Due on July 1, in 1948 to 1959, : the
city to issue/$200^000 storm
.
Bonds Voted—At elections held
in June the following bond issues
#29,000
pledge of
rived from the
bridge
1
—
Elementary School District bonds:
which were also offered: at the-
and*
will tie'
and closed lien-01/
the income and revenue-de-'
Legality totie approved by
authorized at an election on June
Coolidge &
The $15,000 Scotts Valley Union Ropes, Gray, | Best,
16. Principal and interest (M-S)
Rugg of Boston, and by Pierce J.
payable at the County Treasurer's Elementary School District bonds Gerety of Fairfield*
offered for sale at the same time,
office. A certified check for 3%
were awarded to C. N. White &
Waterburjy, Conn,
of the bonds, payable to order of
Bond
Offering
Authorized —
the Chairman of the Board of Co., of Oakland, at price of 100.559, a net interest cost of about The Board of Alderman has au¬
Cbunty Supervisors, is required.
2.37%, divided $5,000 as 2s, due thorized the issuance of the fol¬
Orange County, Laurel Sch. Dist. $1,000 on July 1, in 1948 to 1952, lowing bonds
aggregating $324,(P. O. Santa Ana), Calif.
and the remaining $10,000 as 2y2s, 000, and City Qlerk Joseph M.
Bond Sale
The $40,000 school
Shea was instructed to call for
due $1,000 from July 1; 1953 to
.bonds offered July 29—v. 166, p. 1062.
bids on Aug. 13, at 8 p.m.:
Co., of San Francisco, fiscal agent
for the authority, has issued a call
for the redemption on Sept. 1,
414—were awarded to Redfield &
1947, from the minimum sinking
Co., of Pasadena, as 234s, at a
fund and the excess moneys in the
price of 101.15, a basis of about
reserve fund,
of $2,417,000 prin¬
2.62%.. Dated July 1, 1947 and due
cipal amount of San Franciscoserially on-July 1 from 1948 to
Oakland Bay Toll Bridge sinking
1967 inclusive.
Second high bid
fund revenue bonds, due Sept: 1,
of 101.57 for 3s was made
by John
1962.
1950/
exclusive
COLORADO
at the
in
interest thereon
the
County Supervisors; is required,
placed
1949, $25,000
of said certificates
ment
3% of the bonds, payable, to order
of the Chairman of the Board
of
be
in
$30,000 in 1951, 835,000 in*
1952, $40,000 in 1953, $45,000'
in 1954, $50,000 in 1955, $55,
000 in 1956, $65,000 in 1957/
"and $70,000 in 1958. The pay-'
$30,000 on., Sept. 1 from
1948 to 1967 inclusive. Issue was
authorized at an election on June
16. Principal and interest
(M-S)
payable at the County Treasur¬
er's office.
A certified check for
ized
Overman,
$450,000 series 1. Due April 1, as1
follows: $15,000 in 1948, $20,->.
000
Watsonville
School
,
Bond
*
follows:
the
Newhall School
Los
County
p.
Francisco.
exceed
as
election
$5,000, pay¬
County
Treasurer, is required. Legality to
be approved by Orrick, Dahlquist,
Neff, Brown & Herring ton of San
County Clerk, will receive sealed
bids until 10 a.m. on Aug. 5 for
the
an
A certified check for
able
'
Offering—;
Director of the.
State Improvement Commission,:
will
receive
sealed
bids until
10 a.m. on Aug. 11 for the pur¬
chase of $1,225,000 coupon rev¬
enue
certificates, as follows;
r
H.
p.m.
1951 to 1955
in
Cruz
Santa
Certificate
Revenue
C.
Sch. Diets.
bids until 10'a.m. on
Aug. 5 for the
(P. O. Santa Cruz), Calif.
purchase of $600,000 not to exceed
check for $500, payable to order (PST) on Aug. 5 for the purchase
Bond Sale — The construction 5 % interest construction
bonds.
of the County Treasurer, is re¬ of $35,000 not to exceed 6% in¬
bonds aggregating $1,100,000, of¬ Dated Sept.
1, 1947. Denom. $1,terest coupon or registered con¬
quired.
fered for sale on July 23—v. 166, 000. Due
the district
of
tions
certificates: and
the
of
ligation
the
office.
deci¬
further rules the State Road De¬
an
election on July 8.
All of the bonds are dated
July
1,
1947.
Denomination
$1,000.
Principal and interest (J-J)
previous
a
sion, the Court also held the State
not liable for payment of any ob¬
1948
Issue
respective counties' gas¬
receipts.
:
Reaffirming
15,000 Bonnie Doon Union Ele¬
mentary School
District
from
a
from the
election
June 17.
on
is
and
dale
to 1960, $21,000 in 1961 to
1963, $32,000 in
1964 to
1966, 23,000 in 1967
authorized
case
$250,000
struct
$20,000 in 1958
held
this"
in
lawfully vested in it." /
The Commission plans the issu¬
ance
of $450,000 certificates to
construct "toll" roads in Suwanee^
1953, $18,000 in
1954 to 1956,
to
Commission
the
Santa
and au/
"We hold that the power
thority sought to be exercised b,y
on
203, were sold at
a
England Mills Elementary
Sch. Dist. (P. O. Auburn),
Placer County, Calif.
New
Bond
166,
election held
County Treasurer's
Legality approved by Or¬
rick, Dahlquist, Neff, Brown &
previously Herrington of
San Francisco.
awarded July 7
& Co., of Los
2y23,
as
$95,-
Chairman of the Board of Super¬
v.
the
bonds. Due July 1, as follows:
$15,000 in 1948 to 1950, $17,-
purchase of $225,000 not to
exceed 5% interest school bonds,
uated Sept. 1, 1947. Denom. $1,000. Due Sept. 1, as follows: $10,000 from'1948 to 1962 incl., and
the
of
500,000
the
The
interest.
general obligations of
are
district.
will
The
office.
Offering—W.
Bond
the bonds author¬
are
at
Consolidating the three valida¬
the Court in an opinion
Justice Glenn Terrell said:
tion suits,
by
June 17.
County Clerk, will receive sealed
bids until 11 a.m. on Aug. 11 for
proceedings of the bond election
tiples of *4 of 1%. Principal and
(M-S)
payable at the
Treasurer's
5%
bonds
the
interest
County
These
ized
is required,
Denomination $1,000, Due $40,000
Legality to be approved by Or¬
annually from 1948 to 1967, inclu¬
rick, Dahlquist, Neff, Brown &
sive.
Bidders may name more
Herrington of San Francisco.
expressed in mul¬
be
(P. O.
$15,000 from 1963 to 1967 incl.
Principal and interest (M-S) pay¬
able at the County Treasurer's
Bond Offering—R. W. Cothran,
office. Bonds were authorized at
County Clerk, will receive sealed an election on June 27. A certi¬
bids until 11 a.m. on Aug. 18 for
fied check for 5% of the bonds
the purchase of $800,000 not to
bid for, payable to order of ,the
CALIFORNIA
Bond
School District
1956, $40,000 in 1957 to
1963, $45,000 in 1964 to 1969,
and $50,000 in 1970
to 1972.
Martinez), Contra Costa
County, Cplif.
It
—
a
Rodeo
Lakeport), Calif.
Bond
to
as l%s, at a price of
basis of about 1.781%.
sold
«—were
Lake County, Lakeport Union
School District
(P. O,
—
Advisory Board denied
date called.
ceases on
City to.
point at or near Symnyland
Schooiya distance ofapprox^
imately 12 miles in Highlands
County,
to - be
constructed
from the proceeds and thf
a
„
'
sale
said
of
.
certificates
snArifirallv
bv
ah.c
,
Volume 166
lease
-
with
purchase
the
three
issues
April 1,
1947.
Rate of
000.
THE COMMERCIAL & FINANCIAL CHRONICLE
tiples of
one-tenth or onetwentieth, at the lowest rate ob¬
tainable when sold at par, or at
3% when sold to the bidder who
agreement
State Road Depart¬
Florida.
ment of
All
Number 4617
will
be
dated
will
Denomination $1,interest
to
be
multiples of V4, one-tenth
or
the
pay
check
certified
in
bonds bid
one-
highest
for
price.
2%
A
quested, a copy of the transcript
Chicago Transit Authority, III.
of the proceedings involved will
Quick Oversubscription of Bond
be delivered to the purchasers of Issue Indicated —
Underwriting
said bonds,'without charge.
En- plans for the $105,000,000 Chicago
close a certified check for 2% of Transit Authority revenue bonds
the
of
for, payable to order of
twentieth* of
the
rate
it
w
tion, is required. Legality to be
approved by Giles J. Patterson
1%, at the lowest
obtainable when sold to the
bidder
who
price
will
pay
therefor,
the
qualified right to
the
best
and
any
National
York
City,
the
The
are
effect
valid
if requested,
transcript of
will
West
the
opin¬
Commission,
crued
a copy of the
proceedings in¬
the
said
certificates
charge.- Each bid must
sum
equal to 2% of
value of the certificates
for.
/
\ ;
Debt
ers
Bond
Offering
on
bids
Aug,
until
13
for
11
the
bid
(EST)
purchase
not to exceed 4%
series of 1947 water
est
Dated June
nomination $1,000.
1,
1947.
Due
'
sub-
redemption prior to their
maturities, at the opthe
City, either in part in
the inverse order of
their maturon
any interest payment date
not -earlier than Dec.
ities
1,
in whole
Board of
At
an
the
Authority
Manatee
to
counties.
1948,
or
on any date not
earlier
than Dec. 1, 1948, at the
principal
amount thereof and
accrued in-
Director
of
Tallahassee until 9:45
AU"U..
-
12
the
for
the
purchase
a.m. on
will
of
construction
bear
Chicago
y.
cow/e
foflowfnJ^hnnd! TtfJeaiine $2,following bonds aggregating rd
amounts
on
bonds.
interest
plus
assignment of participations, said
pre-
a
Mr.
2%.
but
«M00" 2%"%'
refunding bonds.
Aug. 1, as follows:
on
investment
firms
of now, and
as
subject to that
p™d'«°£ „tha PPda^r"iPg
dealers 01 a bid for the $105,000,-
•
-
paying agent
or prior to Dec.
1, 1963, 1% if redeemed thereafter and on or
prior
to Dec. 1,
1968, and without
bidder and to reject any or all
for- $2,475,000 bridge revenue
je-,
bids. The payment of said bonds funding
bonds, dated July 1, 1947.
preand the interest thereon will be
mium
if
redeemed
thereafter, secured by a pledge of the full
Cary Community Consolidated
The bonds will be issued under
School District No. 26, III.
faith, credit and taxing power of
and secured
by the provisions of said County, and an additional
Bonds Voted—At an election on
the Trust Indenture
by and be- pledge of said County's distribu- July 12 the voters authorized an ,
muiiz.eu
tween the City of Miami and the tive share of a tax of two cents
issue
of
$220,000
gymnasium
Chase National Bank of the
City per gallon on sales of gasoline or bonds.
-
cm
York, as Trustee, dated
1940, as heretofore amend-
ied, and the principal and interest
of
said
bonds,
and of all other
bonds heretofore or hereafter issued under the
provisions of said
Trust Indenture, will be
payable
solely from the
the
net
waterworks
.
of
revenues
system
of
the
City.
Bidders are requested to
the interest rate or rates in
multiples of y4 of 1%. Each bidder must
specify in his bid the
mount
and
maturities
of
the
bonds of each rate. No bid of less
name
other like products of petroleum
accruing under Section 16 of Artide IX of the Constitution of the
State, by terms of which the Leg-!
islature of the State is required
to continue the levy of- said tax
for a period of 50 years from Jan.
1, 1943, and is prohibited from
withdrawing the proceeds thereof
from the operation of said Constitutional provision during said
period. The bonds will be awarded
to the bidder whose bid produces
the lowest interest cost after de-
ducting the premium offered, if
han par and accrued interest or any. Interest on the premium, if
or less than all of the
bonds oL; any, will not be considered as deered~
will
be
entertained.
ductible,, in
The
determining
the
net
nds will be awarded to the bid-
Chicago Park
District,
Bond
Call
Edward Eagle
Brown, Treasurer of the Board of
Commissioners, calls for payment
—
on
Sept. 1, 1947 at
par
and accrued
interest, various refunding1 series
bonds, dated Sept. 1, 1935 and
B
due
Sept. 1,1955. James H. Gately,
President
JL
of
XUOI.UVJ.il'
VX
the
Board
vx«v
—'Wix*
of
V*
w
to
purchase
at the lowest interest
espective maturities.
c
370, 1V2%, to the
amount of $185,-
000, dated March 1, 1944, in denomination.; of
$1,000, maturing
coupons
approved
by
Mitchell
ershing of New York City.
r
.3Bond
/v
a
d
v
™
16
and
of
existing
Article
and
after
under Sept. 1, 1947, .thereto
belonging,
IX of the
at
the office of the District Treasurer
shall
oard of
eive
will
Administration, will
sealed
allahassee
bids at
until
re-
his office
9:45
a.m.
ug. 12 for the purchase of
00 coupon SBA
in
on
$110,-
refunding bonds
1947.
Dated
Oct.
1,1947. Deomination $1,000.
Due Oct.
1,
966. Principal and interest
payte
at
the
Florida
National
.
ank;
'
be
made
to
the
Offering—Ralph A. Potts,: duly adopted^by said Board, and
thereof; and the privilege
Director of the State;
xecutive
ear
Section
&
by
on
Constitution of the State, and or at the First National Bank of
pursuant to the applicable stat- Chicago, payment for said bonds
County (P. o. Bartcw), Fla.
utes 0f the State and a resolution
iu
f
created
Legality to
due
.
Jacksonville.
interest
Bonds
expressed
in
,
to
mul-
validated by judicial deReference to said Constitu-
be
cree.
tional
provision,
statutes
and
be had for a more
resolution may
holders
is
ex¬
tended to the uuiucio of the bonds
leuucu l-U U1C holders
called for redemption to present
Ui
said
due
bonds
on
and
and
wn.
interest
after
wunuu
coupons
Sept. 1, 1947,
thereto
belonging for payment
The approving opinion of Giles
prior to that date, namely,' at any
J. Patterson, of Jacksonville, to time
on
or
after Aug.
1, 1947,
the effect -that such Fbonds are
whereupon holders will at once re¬
valid and legally binding obliga¬ ceive in full
payment of the same
tions of the State Board of Ad? amount
of principal and interest
ministration^ acting for and on as is payable on date called. Inbehalf of said County and, if re?
Fterest ceases on date called.
detailed description of said bonds.
McNair
Walter
and
Mr.
Gilman
Peohle
most
realize.
properties have
been
face Lines have provided annuai
interest
first mortgage bonds
on
an amount greater
than will be
h3V^ P>aidi di?Wn ^29^00'000
have paid taxes
dollars a year
^Tto pa^) anTha^a pIopeHy
that
carried
revenue
over
Dasseneers
900 000 001
last
ve'ar
Dlus
about $25,000,000 in the renewal
fund
I have heard in
telephone talks
people like to buy Chi¬
cago bonds. Some recall buying
Chicago CJty, Sanitary District
vlutlIg„
and Park District bonds at prices
indicating some skepticism and
they came "out well.
And this is a
Chicago bond.
The Metropolitan Transit Author.
ity Act was adopted by the voter 1
that
Chicago by
a
vote of about 6 t">
J.'
a
were
Mr. Hall's Statement
people
President of Harris, Hall & Com-
of
as to provid
promised. Th*;
so
as
Chicago, like those
f
?
other American communities, ge"
-
erally
are good promisors. They
will stand for a certain amount ci!
inefficiency in government but
not to the point that the com¬
munity's credit and good name
are
impaired. Accordingly the^
is much
reason
for confidence thmt
future governors and mayors
wH
appoint good businessmen to t^c
transit board
cials have
All
this
the
the
as
present offi¬
done.
is
why public bonds
they have and
is the reason wby
record
undoubtedly
life
Text of remarks of E. B. Hall,
not handled
prompt payment
the have
Chicago transportation properties.
that its financial reputation
way
would be involved if the business
reviewed
tlie study made by his firm of
insurance
companieslike
11
have part of their funds invested
in public bonds even though t1^
at meeting of group headed
exemption from income tax is nrt
by Harris, Hall & Company; The
important to them as to indi¬
viduals and to corporate investors
Pany
First
Boston
Corporation
and
Blyth & Co., Inc. to bid on the
$105,000,000 Chicago Transit Au¬
thority bonds:
The
purpose
A4AV
x-
-
of this meeting is
_T
^
to have you meet members of the
Chicago
general
C.
Transit
Board
To
manager.
its
and
have
Mr.
Gilman discuss the careful
study made by his firm of the
properties to be acquired and
their earning power and to afford ample opportunity for
ques-
tions.
the
r
Oik
engineers.
W.
1944, Nos. J-186 to J-
Frank
McCarter, general manager of the
Chicago Transit Board, and W. C.
Gilman, of W. C. Gilman & Co.,
WA.—
funding bonds:
were
^fceetm^hai^raen)
Com-
V*
missioners, calls for payment on
Sept. 1,. 1947, at par and accrued
interest, the following district reSeries J,
meeting
III.
interest cost. In determining the March 1, 1964.
net interest cost, interest will be
Series H, 1941, Nos. H-1061 to
pnds
cost computed to
the. maturity date H-1325, 21/4%, dated March
1,
o the City, such cost to be
deter-: from Oct. 1, 1947. The bonds will 1941, in denomination of
$1,000,
'ned
by
deducting the total be issued and sold by the State maturing March 1, 1961.
mount of any premium bid
from Board of Administration, a body
Upon piesentation and suriendhe aggregate amount of interest' corporate composed of the Gover of all of said bonds and all
in¬
pon all of the bonds until their ernor, Comptroller and Treasurer,
terest
offering
er
than
Since the
operated by the Court) the Sur_
of
—
New
ter
"These applications," Mr. Hall 1. These bonds are payable only
~
added, "are subject to being sat- from revenues,
but
Chicago'1
isfied with the price of thk bonds, name is attached to them in such
21/2% refunding bonds.
Due on Aug. 1, as follows:
$145,000 in 1952, $150,000 in
1953, and $155,000 in 1954.
Due
185
applied for admittance.
000 in 1951.
450,000
interest
Hall,
accepted, with a big percentage
asking for increased participations. In addition, Mr. Hall said,
30 firms not in the account have
r
Dec. 1,
<
m,
too
505,000 3% refunding bonds. Due
on
Aug. 1 as follows: $100,000 in 1948; $130,000 in 1949,
$135,000 in 1950, and $140,-
$100,000
issue
In response to letters sent out
by the managers with a tentative
Aug. 1, 1962, optional
Aug. 1, 1948 at par and ac-
mium of
re¬
in
the
age.
on
crued
Aug.
t0'b"y aubstantial
for them-
of
selves and for accounts
they man¬
475,000:
refunding
.
-
,
.
'Th?urecord has been much bet-
looked
$160,000 in 1955, $165,000 in 00£ ".sue has been well overexpressed in multiples of %, one1956, and $170,000 in 1957.
subscribed.
tenth or one-twentieth of 1%, at
terest, together with a premium lowest rate obtainable when sold
Interest on all bonds payable
of 4% of such
:
v
..
a. -;
dTf>c be held in New York and Chicago
principal amount if at par, or at 3% when sold to the, F a
t
redeemed on or prior to Dec. 1
Friday (August 1) and a commitbidder who will pay the highest
; Bond
Trustee
The Chemical tee will be
1953, 3% if redeemed thereafter price therefor, the Board reservappointed to determine
Bank & Trust Co., of New York,
and on or prior to
the bid just before the sale.
Dec. 1, 1958, ing the exclusive and unqualified
has been appointed trustee, re&is2% if redeemed thereafter and on
Among those who spoke at the
right to determine who is the best trar and New York
bf
1
required on the new municipal
regional demand, Mr. Hall reported that large Chicago banks
Due
ffrst
last 10 years?
.
Har"ris, in
«.
Louisville, and the Security &
Co., of Louisville are offer-
Dated Oct. 1, 1947. Denom$1,000. Due Oct. 1, 1966.
Principal and interest payable at
the Florida National Bank, Jackto
nnm'™fS!
♦
Bond
2%
me
Chicago
u
lidel
$1*025,000
told
Railway
City
meeting, said that it
as
1SSU+v!
syndicate composed of Stein the bonds would be more
v
°"
P"nciPal,
& Boyce, Almstedt Bros., distributed than anv 7s,of several million
the
Bankers
Bond
Co., all
of ce„t
1947.
Bonds
Rapid Transjt Com
.f
O. Hfllj
-
ination
sonville.
RaTlways and^
hold
to remain outstanding during the
Surface Lines
Bros.
SBA refunding bonds of
coupon
dealers
other 5% bond has been allowcd
Toe
Ihe sale ot the
used in connection
hi
be
Bonds Offered for Investment—
A
State
Administration, will
sealed bids at his office
ceive
SUU-1
respective
tion of
and
Executive
De¬
serially
Ut:
be
ject to
authorized
—
July 22, the vot¬
the
of
^ andywilf'tStVJdSKS
proceeds
in
this
tax-exempt
r%
e
*'
,
bonds
bonds
County (P. O.
Sarasota), Fla.
Bond Offering—Ralph A. Potts,
inter¬
June 1 from 1950 to
1975, in¬
fciWOiVC.
clusive. ;AX1C bonds will
.The UUJ1U5 Will
on
poration and Blyth & Co
Sarasota
of
revenue
bpnds.
Extended
on
Some
th^7"~customers"
/°f municipal issue.
in—
ILLINOIS
(P.
fraternal orders, many individuals
and a number of banks.
5®
certificates.
Bridge Commission
^
Cairo), in.
bridge is to be financed pri¬
vately
by
revenue
certificates.
The vote in favor of the proposi¬
tion was 3,670 to 1,254.
Shaw,
a.m.
the
$4,000,000
The
l|/V#W,v
sewer revenue
Cairo
The
N.
-
51
Peoplp hava not ,always been
the !i?pp/ ab?utJbese holdings, but
issue The meeting also was at!
lapt
tended by members of the Chi- wl -II711 ?
cago Transit Board. The invest- wifith7 hnl.oh♦ at
1^
ment firms are Harris, Hall & I? I? LTJI
What
Company; The First Boston Cor- °L
7 7
P"ce. What
City Commission is said to have
approved a proposal calling for
LUC f^U(UlVeV
the issuance of $500,000 water and
V/X
bonds6 °
ponas.
its debt limit by $5,000,(from $10,000,000 to $15,000,000), to build a bridge causeway
across Lower Tampa Bay between
Director of Finance, will receive
Sealed
Limit
Pinellas
G.
Authorized
Certificates
p.
rcprGSGntstivcs of the thrGG
vestment banking firms
which
forming a group to bid for
^
M.
the
by
000
.
—
stated
extend
Miami, Fla.
*
is
interest.
election held
Improvement. Commission,
the
par
(P. O.
Beach), Fla.
Petersburg Port Authority
(P. O. St. Petersburg), Fla.
accompanied by a certified
check, payable
to
the
Florida
State
Palm
St.
/be
in
rpnrPwSta+i1*
g
GEORGIA
^
purchasers,, of
without
_
be, received
415—-were
166,
v.
Arlington Heights High Sch. Dist.
Bishop,
Chairman
of
with the Chicago Transit
No. 25, III.
AuthorBoard of Commissioners, that rev¬
ity's purchase of the prooerties of
Bonds Voted—At an election on
enue, Series A bonds, Nos. 19 to
t
T"VS®
the Chicago Surface r?ni
I
35, are being called for payment July 12 the voters authorized an
and
as of
Sept. 1, at 101 Vi, plus ac¬
legally
to
in
A.
of the Florida
be' delivered
of issue,
Call—It
Bond
_
_
5
ug.
Admims ration.
details
Issue—For
contained
-
State Board
Waycross, Ca.
Port of Palm Beach District
or
of Jack¬
that such
and
of. Administra¬
etc., see
offering
noted under "Sarasota County."
Patterson,
the
of
security
references
reject
.approving
Improvement
volved
to
as
Barnett
Jacksonville,
binding obligations
and,
Security
un¬
National Bank, New
ion of Giles J.
State
to
Principal and
at
Bank,
sonville, to
certificates
and
bids.
payable
at the Chase
and
Board
of Jacksonville.
determine who
bidder
all
interest
highest
Commission
the
exclusive
reserving
is
the
State
(511)
Letters
went
out
last
Monday
with a tentative assignment of
participations. One hundred and
eighty-five firms have accepted
and a big percentage asked for in_r_nQpj
creased
in
amnnnk Thirtv firms
amounts. Thirty firms not
have applied for
the
account
These
applications are subject
being satisfied with the price,
but
as
of now, and
condition,
dealers of
000
the
a
subject to that
underwriting by
$105,000,-
bid for the
issue has
been well
oversub-
coriKoH
Preliminary price meetings will
Chicago
be held in New York
and
next Friday
morning and
a
com¬
mittee appointed to
determine the
bid just before the sale.
I asked the dealers who
want
more
bonds
what kind
of
in¬
vestors in their W*AAAl,JVI.JliA
VVUWXU
WfAVX*
communities want
to buy them. The answer
iil
V*V#W
IT
VIAXV
was:
local
generally.
The Stqte of Illinois is also a
party to this transaction. The Au¬
thority is an important municip 1
subdivision created by the StaA\
The Governor not only has th"i
appointment of three out of sev~^
board members but must approvi
the
Mayor's appointments
Mayor must approve his.
insurance
companies
and
as
the
Governor
Green
and
May-*Kennelly both came to the meet¬
ing of our group in Chicago lart
Thursday and made excellent ad¬
dresses, pledging the support cf.
their governments to the Chicag 1
Transit Authority in
meeting its
obligations to both car-riders and
investors.
Investors' Guide
cate
admittance.
to
as
Issued—Syndi¬
managers
of
the
account
to bid for the author¬
scheduled
ity's forthcoming bond issue have
released a special economic
study
of the City of Chicago which was
prepared by the Municipal Service
Department of Dun & Bradstreet.
Inc.
Several chapters are devoted
to the history of Chicago's traction
industry and the new Transit Au¬
thority.
Clay County (P. O. Louisville), III
Bonds Offered for Investment
The
Mercantile-Commerce
Ban":
& Trust Co.. of St. Louis, is offer
ing for public
f»«~0
JC
subscription
-
$74
-
-
j 000 2% hospital bonds. DenomlI nation $1,000. Dated June 15, 1947.
52
Due
will
1954, and $8,000 in 1955
Principal and inter¬
1949 to
to
1958.
est
&
Bank
National
Illinois
Legality ap¬
proved by Chapman & Cutler, of
Chicago. These bonds are part of
Trust
Chicago.
Co.,
authorized issue of $144,000.
an
Connersville, Ind.
Bond
Conti¬
at the
payable
(J-J)
nental
City
Offering—W.
Clerk
(CST)
election
Bonds Voted—At an
on
issue
bonds.
Road District
(P. O. Vienna), III.
Legality Approved—Ah
Johnson Ccunty
No. 3
Bond
$10,000 4% road bonds
has been approved as to legality
of
issue
of
Trauernicht,
&
Charles
by
Louis.
St.
Park Dist.
(P. O.
Kenilworth), III.
The President of
Paid
Price
—
bonds.
Due
$4,000
1948 to
from
terest
Bonds Voted—At
recent elec¬
a
tion the voters authorized
school
$300,000
issue
an
purchase
site
the
with the follow¬
5% if redeemed
on
Aug. 1, 1952, or on or before
Aug. 1, 1957; 3% if redeemed on
Feb. 1, 1958, or on or before Aug.
value,
together
premiums:
Consolidated
Community
No.
District
School
604
III.
O. Lincoln),
(P.
Bonds Voted
—
The issuance of
$50,000 construction bonds was
approved by the voters at a recent
election.
each
in
—
The City
said to have approved
calling for the issu¬
system
improvement bonds. Denom. $1,000. Dated July 15, 1947. Due on
an
of $165,000 3% sewer
Jan.
1949 to 1967. Principal
(J-J) payable at the
Trust
&
Savings Bank,
1, in
interest
and
Harris
for
interest
to
redemption.
Rate of interest to be in
multiples
of y4 of 1%, and must be the same
all
for
will
of
of
be
the
bonds.
awarded
sale
and
The
bonds
to the highest
with the terms
offering
determined
the
lowest
Chicago.
Matteson, III.
— The
issuance of
Bonds Voted
$50,000 municipal building bonds
approved by the voters at a
City, to be
computing
the
by
interest
total
all
on
of
the
bonds
Enclose
bid,
premium
July 25—v.
on
to
awarded
were
&
Johnson
approving opinion of Ross,
McCord, Ice & Miller, of Indianap¬
olis,
will
be
certified
furnished.
Enclose
check for $2,000, pay¬
City.
Indianapolis,
Dated
July 1,
January and July 1,
July 1, 1948 to 1957. Raffen-
Clerk-Treasurer.
from
Hughes
sperger,
&
Co.,
offered
bid for the bonds.
runner-up
IOWA
Council
$10,000 build¬
ing bonds offered July 26—v. 166,
p. 204—were awarded to Kenneth
S. Johnson & Co., of
iy4s, at
about
dated
a
Indianapolis,
price of 100.50, a basis
0.995%.
The
bonds
are
June
15, 1947 and mature
semi-annually from July 1, 1948
to July 1, 1950. Second high bid
100.27
Frank E.
for
iy4s
made
was
by
Hailstone & Co.
4
Aug.
on
for
the
purchase
of
$100,000 sewer bonds. Dated Aug.
1, 1947. Denomination $1,000. Due
$10,000 Dec. 1, 1948 to 1957. Bids
be
made
the
on
basis
of
and accrued in¬
par
all
and
other
things being equal award Will be
or; bids specifying the
of interest.
Principal
lowest rate
r
•
Metropolis, III.
Bond
Legality Approved
issue of $57,000
plant system
been
Town
bonds has
to legality by
revenue >
approved
Charles
An
—
3y4 % electric light
as
Trauernicht
&
St.
of
Louis. Dated May 1, 1947. *
Morgan County Road District
No. 10 (P. O. Jackson'
bonds.
Enclose
a
certified check
Voted —The issuance of
$35,000 road bpnds was approved
by the voters at a recent election.
Prospect Heights
Township High
District
(P. O.
Mount
Prospect), III.
Bonds Voted—At
an
election
on
July 12 the voters authorized
issue
of
$75,000
bids
until
an
construction
7:30
re¬
Bond Sale—It is stated that the
p.m.
$2,500 school bonds offered for
Aug.. 19 for the purchase of sale on
July 21, were purchased
$18,000 not to exceed 3%% inter¬
by the Kent State Savings Bank,
est fire equipment bonds of 1947.
as
2V2s.
Due on June 1, as fol¬
Dated Juiy
1, 1947.
Denomina¬ lows: $1,008 in 1948 and 1949, and
tion $1,000.
Due $3,000 on July $500 in 1950.
1
from
1949
to
1954, inclusive.
Sergeant Bluff Indep. Cons.
Bidder to name a single rate of
the
certified
the
lk
of
1%.
valorem
check
of
J-J.
Interest
A
taxes.
for
the
$500, payable to order
town, is required.
Legal
opinion of Chapman & Cutler, of
Chicago will be furnished the
successful
bidder at
the town's
Price
Paid
—
The Secretary of
the Board of Directors states that
$15,000 building bonds sold to
Carleton D. Beh Co., of Des
noted here—v. 166, p.
312.—were purchased by the said
firm as 1V2S, at a price of 100.101,
a basis of about 1.48%. Due $1J>00
Moines,
from
as
bonds.
North
Randolph County Road District
No. 9 (P. O. Evansville), III.
Bonds Sold—It is reported that
$25,000 2V2% semi-annual road,
Series
2
bonds
were
purchased
recently
by Reinholdt &
Gar¬
diner, of St. Louis. Dated July 1,
1 9 4 7.
Legality
approved
by
&
Charles
Trauernicht,
St.
of
Louis.
Randolph County School District
No. 15 (P. O. Percy), III.
Sold
Bonds
$50,000
bonds
were
—
It
is
stated
that
school
semi-annual
3%
purchased recently at
by Barcus, Kindred & Co., of
Chicago. Dated May 1, 1947. Due
as follows:
$1,000 in 1949, $2,000
in 1950 to 1959, $4,000 in 1960 to
par
1966, and $1,000 in 1967. Legality
Charles
nicht, of St. Louis.
approved
by
&
Trauer¬
tZiegler School District No. 87, III.
Bonds Voted—At
the
tion
t
a
|
V*4■-
,
recent elec¬
authorized
an
is¬
construction bonds.
of $20,000
sue
,i«.
voters
» -i
Bond
Reynolds,
Offering
Andrew F.
—
District
1948 to 1956
inclusive; $1,000 June
1 and $2,000 Dec. 1 from 1957 to
1964 inclusive;. $2,000 June 1 and
1
in
1965
and
1966.
Princi¬
pal and interest (J-D)
the
City Treasurer's
payable at
office.
Re¬
deemable at the
option of the City
interest payment date in
numerical order,
on
30
days' notice by publication and
mailed to registered holders, at
on
Iowa
until
bids
sealed
Aug. 15 for the purchase
of $50,000
not to exceed 2y>%
interest coupon water works re¬
funding and improvement reve¬
nue
bonds.
Dated May 1, 1947.
Denom. $1,000.
Due as follows:
$1,000 June 1 and Dec. 1 from
any
inverse
plus the following premiums:
8% if redeemed on or before June
Sch. Dist.,
Offering—F. A. Whitney,
Bond
2 p.m. on
Dec.
Consolidated
Somers
Clerk-Treasurer,
City
receive
will'
Vernon, Ind.
Oct.
Issue
tion
was
will
Secretary,
receive
sealed bids until 8 p.m. on Aug. 4
for
the
bonds.
authorized at an
$8,000
of
purchase
struction
con¬
This issue was
election on July
25.
Spencer, Iowa
Bond Ofiering
—
it is
1952,
3%
or
or on or
before June J, 1957;
if redeemed on Dec.
prior to maturity.
J >
K l J13}
'
.
1,
1957,
Interest on
'I>1 r J
fi v
Dists.
Sch.
Parish
Natchitoches
(P. O. Natchitoches), La.
Bond Legality Approved
$54,800 school bonds,
dated June 1, 1947, have been ap¬
proved
to legality by Charles
as
Louis:
& Trauernicht of St.
District
No.
14
District
No.
37
School
$47,000
bonds.
bonds.
New
Bonds
Sold
Iberia, La.
li is seated that
—
bonds were pur¬
chased recently by the New Iberia
National Bank, the Peoples Na¬
tional Bank, and the State Nation¬
al Bank, all of New Iberia, joint¬
ly, as 3s.
'
paving
$82,130
bonds.
Rayne, La.
Bond Election — At
.
County Court Clerk, will
sealed bids until
,
v
'
-
.
*
*
'Jv
11
•
a.m.
V' * 3'
receive
on
Aug.
*
Amherst, Mass.
Offering
Bond
—
Elizabeth W.
Hooker, Town Treasurer, will re¬
ceive
sealed bids until 11 a.m.
of
on
Aug. 5 for the purchase
$195,000 coupon veterans' hous¬
1947.
15,
Aug.
Dated
bonds.
ing
Denomination $1,000. Due Aug. 15,
$10,000 from 1948 to
1966 inclusive, and $5,000 in 1967.
Bidder to name a single rate of
follows:
as
expressed in a multiple
of 1%.,Principal and semi¬
annual
interest payable at the
Second National Bank of Boston.
of
lk
Legality to be approved by Storey,
Thorndike, Palmer & Dodge of
Boston. No telephone bids will be
considered.
Bonds
will be de¬
the
at the
purchaser
livered
to
Second
National Bank of Boston,
on
about Aug. 20, against pay¬
or
ment in Boston funds.
h
Beverly, Mas3.
Bond Sale—The
,v
J
V,
$500,000 Wards
Aug.
on
12
the
sider
an
election
the voters will con¬
following bond issue
water works
$240,000
proposals:
and electric
tem
light power plant sys¬
$55,000 swimming
revenue;
pool,
of
air¬
$30,000 municipal
and
Michigan
Corp.,
New
jointly, as lV2s, at a price
of 100.929, a basis of about'1.42%.
York,
port.
Dated
000
on
July 1, 1947 and due $20,July 1 from 1948 to 1972j
Second
high bid
of;
inclusive.
by thej
Chicago^;
100.844 for lV2s was made
Northern
and
Trust
Lyons
&
Co.
of
Shafto, of Boston/
jointly.
,
Everett, Mass.
MARYLAND
Bond Sale—An issue of $100,00'
street bonds was offered'
on
July 25 and was;
to
the First NationalBond Offering—Cnarles N. Wil¬ awarded
Bank of Boston, as Is, at a price of
kinson, President of County Com¬
missioners,
will receive sealed 100.154, a basis of about 0.95%|
Dated Aug. 1, 1947. Due $20,000 oh
bids until 10.15 a.m. on Aug. 15
Aug. 1, in 1948 to 1952, inclusiveg
for the purchase of $250,000 not to
exceed
3%
interest coupon in¬ Principal and interest (F-A) pay-f
able
at the National Shawmul
firmary and nursing home bonds.
Bank of Boston. Runner-dp in the;
Dated Sept. 1, 1947. Denom. $1,000.
bidding was Lyons & Shafto,' off,
Due $10 000 on Sept. 1 from 1941
coupon
Allegany County (P. O.
Cumberland), Md.
1972 inclusive.
est
to
for
in
Bond
bids
8
will
receive
* j
.j•/
'<~
•>» — '
•>
•
■ -*
+•
*'
]■
couj;
bonds offered July 30—v. 16(|
416—were awarded to the Hah;
ris Trust & Savings Bank of Chi
p
cago,
3199,
as
a
iy4s, at a price of
basis of about
100/
1.20%, Sal
-ft
$275,000 veterans' housing bondj/
Due on Aug. 15 from 1948 t ;
1962
sealed
■
.
pon
consisted of:
to exceed 4% interest coupon mu-
of
'I
Framingham, Mass.
Bond Sale—The $305,000
'
pm.
bY
100.132 for Is.
the
(DST) on Aug.
the purchase of $150,000 not
until
13 for
•Blair
Ottering—Carroll L. Dail,
Clerk,
City
sale
fering 100.134 for Is, followed
& Co., Inc., with a hid
Rate of inter¬
expressed
be
Cambridge, Md,
Bcdy County (P. O. Catlettsburg),
Kentucky
..
Bond Offering—E. Fearing,
are
taxes to be
MASSACHUSETTS
First
bonds.
KENTUCKY
...
principal only.
which
at
bonds, payable to order of
County Treasurer, is r^nuired.
fire
subject to
issued
time the 1, IV, V and VI sewer bonds of¬
July 30—v. 166, p. 416—
voters will pass on the proposed fered
awarded
to
the Bankers
issuance of
$499,000 sewer line were
and
disposal plant construction Trust Co., New York, and the
19,
Aug.
on
originally scheduled to be sold on
July 21.
000
valorem
Opelousas, La.
Bond Election—The City Clerk
states that an election will be held
ity approved by Chapman & Cut¬
ler of Chicago.
These bonds were
for the purchase of $25,department equipment
Dated Aug. 1, 1947. Legal¬
at 8 p.m.,
bonds
The
interest,
School
7,800
multiples
of 1/10 of 1%.
Principal and in¬
terest (M-S) payable at the Coun¬
ty Treasurer's office.
The bonds
will be registered as to principal
on registration books kept for that
purpose by the County Clerk.
A
certified
check for 2%
of the
M.
be
will
registration as to
(DST)
The
—
following
to
stated by
Moulton, City Clerk, that
he will receive bids until Aug. 18,
M.
of interest,
rate
bonds.
July 22.
on
par
1, 1952; 5% if redeemed on Dec. 1,,
on
1, 1947. Denom. $500.
authorized at an elec¬
Aug. 1, 1948 to 1957. Interest
payable F-A.
expense.
inclusiVe.
1967,
the
payable from ad
levied on all
of the town's assessable property.
and park bonds.
A certified check for $5,000, pay¬
able to order of the Town Treas¬
Loreauville, La.
Bond Offering — The Village urer, is required. Legality to be
Clerk will receive sealed bids un¬ approved by Niles, Barton, Mor¬
til Aug. 25 for the purchase of row & Yost of Baltimore..
$10,000 not to exceed 4% inter¬
School District,s Iowa
multiple
a
The
bonds are general obligations of
the town, payable from unlimited
of
ad
School
sealed
Independent School District
(P. O. Kent), Iowa
C. Tanis,
will
election
an
July 22 the voters authorized an
issue of $100,000 swimming pool
and inter¬
payable at the City Treasur¬
The City will furnish
the approving opinion of Chap¬
man & Cutler, of Chicago, and the
purchaser to furnish the printed
on
interest, expressed in
ville), III.
Bonds
ceive
Clerk-Treasurer,
Bonds Voted—At
street
interest, coupon
4%
improvement bonds. Dated Aug.
1,1947. Denomination $1,000. Due
$5,000 on Aug. 1 from 1948 to
bonds
La.
Jennings,
er's office.
Kent
Bond Offering—Peter
•
p.m.
Bidder to name
expresed in
dated a multiple of Vs of 1%. Principal
and interest (F-A) payable at the
Sept.
Centreville National Bank.
The
est
for 3% of the bonds bid for.
Munster, Ind.
recent election.
1967 incl.
1 from 1948 to
made upon the most favorable bid
was
\
Sept. 1, 1947 and mature on
Dated
Offering—K. W. Gardner,
City
Clerk,
will
receive
both
sealed and oral bids until-7.30 p.m.
better,
Sale—The
will receive sealed bids until
(EST) on Aug. 11 for the
of $100,000 not to ex¬
ers,
ceed
$80,000
est water works extension
Bluffs, Iowa
Bond
should
of
S.
1947. Due on
Township School Town¬ not less than
ship (P. O. Perrysville), Ind.
terest
or
as
for
Kenneth
of
Co.,
Highland
Bond
Bond
312—
p.
according to Charles C. Paul, City
if
The
of
166,
Draper,
Commission¬
Town
of
President
"H'
sale
said
of
Sale—The
street
drainage bonds offered July 28—
v.
166, p. 204—were awarded to
White, Hattier & Sanford of New
Orleans, at a net interest cost of
The bonds shall be
payable
special account, sub¬
ject to the prior servicing of the
now
outstanding revenue bonds.
out
Centreville-, Md.
Offering—Frank
Bond
1
Franklin, La.
street
offered
is required.
urer,
purchase
about 2.29%. The bonds are
$25,000
bonds
improvement
Kentucky Trust Co., Louisville.
LOUISIANA
Ind.
Sale—The
Bond
deducting
the
at
000, payable to the City.
Princeton,
an¬
that road and bridge re¬
116, 122 to 125,
127 and 130, issue of June 1, 1938,
will be redeemed on Sept. 1, 1947,
certified check for $1,-
a
Officer,
principal only. Bidder to name
a single rate of interest, expressed
in a multiple of lM or 1/10 of 1%.
Principal and interest (F-A) pay¬
able at the City Treasurer's office.
A certified check for $5,000, pay¬
able to order of the City Treas¬
to
newal bonds Nos.
by, the bidder will be considered.
the
their maturities and
to
ordinance
ance
fixed
able to the
III.
Mascoutah,
Bonds Authorized
Council is
to
accrued
case
date
the
a
'
prior
or
Feb. 1,
maturity; plus
on
Finance
Local
State
nounces
Registerable as
in 1968 and 1969.
pay¬
par
County (P. O.
Calhoun), Ky.
Bond Call—W. L. Knuckles, Jr.,
named
bonds at the interest rate
$6,000, 1953 to 1957 inclusive; $7,000, 1958 to 1962 inclusive; $8,000,.
1963 to 1967 inclusive, and $10,000
McLean
approving opinion of Ross, Mc¬
Cord, Ice & Miller, of Indian¬
apolis, wil be furnished to the
purchaser at the expense of the
City.
No conditional bid or bids
for less than the par value of said
thereafter, are redeemable at
option of the City on Aug. 1,
1952, or any interest payment date
thereafter on 30 days' notice, in
inverse numerical order, at face
any.
Lincoln
provisions and limitations of
constitution of the State.
The
the
$1,000. Due Aug. 1, as follows: $5,000 from
1948 to 1952 inclusive;
by Chapman & Cutler of Chicago.
from
and
therefrom
and construction bonds.
the operation of the City's
municipally owned water works,
and will not constitute a corporate
indebtedness of the City within
at
1947. Denom.
Dated Aug. 1,
1947.
4,1947
improvement' bonds' of
nicipal
and accrued
Legality to be approved
date,
interest.
bonds
The
der.
subsequent interest
any
ment
the
net interest cost to the
(P. O. Ottawa), III.
on
interest
of
will be payable
out of the revenues to be derived
Fayette Bank & Trust Co., Con¬
nersville. Registerable as to prin¬
cipal only. Bonds on Aug. 1, 1953,
bidder complying
County School District
No. 122
of
In¬
1966, inclusive.
payable J-D.
Salle
La
1,
Dec.
presented for payment. Rate
to be in multiples of
when
1,
1948 to 1967 inclusive. Prin¬
1963,
0.952%. Due on
tion to redeem the bonds so
Inter¬
Aug. 1
on
site purchase and
park bonds sold to the Milwaukee
Co., of Milwaukee—v. 165, p. 3440
—were purchased by the said firm
as Is, at a price of 100.223, a basis
about
of redemp¬
called
the date fixed in said notice, or
available at the place
on
purchase of $64,000 not
2*4%
interest school
exceed
building revenue bonds.
Dated
July 1, 1947 and due-on July 1
from
1948
to
1967,
inclusive.
Bonds maturing after July 1, 1952
will be callable on that date, or
if funds are
in said notice,
the
for
to
date
the redemption
on
y4 of 1%, and not more than one
rate shall be named by each bid¬
July
1, 1962; 2% if redeemed
of
works
Dated
the Board of Commissioners states
that the $30,000
p.m.
cipal and interest payable at the
ing
Kenilwcrth
2
water
coupon
F-A.
from
the voters authorized an
of $45,000 road improvement
until
Denomination $1,000.
1947.
8
bids
Aug. 12 for the pur¬
$80,000 not to exceed 4%
interest
revenue
July
will
on
chase of
est
McFall,
W.
6
called for redemption
so
cease
fixed
Treasurer,
and
sealed
receive
Monmouth),
Hale Township (P. O.
Illinois
the bonds
INDIANA
$7,000
1, as follows:
Jan.
on
in
Monday, August
THE COMMERCIAL & FINANCIAL CHRONICLE
(512)
•:
inclusive.
J1'
15,4)00' street construction bond};
•; Due op Aug. -15 from .1948
1952 inclusive.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4617
(513)
15,000
bonds. Due
sewer
on
Aug.
15 from 1948 to 1952 inclusive.
All of the bonds
dated
Aug.
15, 1947. Second high bid of 100.131 for IV4S was made by F. S.
Moseley & Co. of Boston.
are
uation for the years 1947 to
both inclusive, at an election held
April
1947. Bids shall be
conditioned upon the unqualified
opinion of the purchaser's attor^
ney approving the legality of the
on
Note Sale—An issue of $250,000
Revenue
notes
awarded
was
on
July 29 to the Merchants National
Bank
of
count.
Boston,
Due
0.568%
at
Nov.
Note
Offering
Howard,
receive
—
County
sealed
Lincoln
Tenders
Connor,
County (P. O.
Cambridge), Mass.
East
will
11
Aug. 5 for the purchase at dis¬
of
$500,000 notes. Dated
Aug. 8, 1947 and due Nov. 7, 1947.
Sale
The
Clerk.,
announces
The
its Callable
1945
hand in
on
Refunding Bond
Redemption Fund. This fund
was
established-to
A-2
cou¬
pon street improvement bonds of¬
May
fered July 30
retire
Series
$25,000
$50,000 May
on
bonds
were
—
$,200,000
166,
v.
—
416
p.
—_
awarded to J. P. Morgan &
Co., Inc., of New York, and the
Second National Bank of Boston,
jointly,
076,
as
iy4S, at
price of 101.-
a
basis of about 1.05%. Dated
a
Aug. 1, 1947 and due $20,000 on
Aug. 1 from 1948 to 1957 inclusive.
Second high bid of -100.8399 for
*y4s was made by the Bankers
Trust Co. of New York.
*
1,
1948/50;
1,
1951/2; and thereafter Series B-3
callable
$90,000 May
1,
1953, 1955 and 1957; and annually
on May 1, 1959/64.
The City has exercised its call
privileges on May 1, 1946/7; with
indications
that current rate of
levies and collections will provide
funds in excess of call
privileges
they mature.
Against $175,000 Series A-2 and
as
B-2
Northampton, Mass.
Sale—The City Treasurer
that
$125,000
temporary
Note
of the bonds.
on
bonds
Biloxi, Miss.
Bond Election—The
City Clerk
an election will
be held
now
outstanding, the
City has
Sinking Fund assets
totalling approximately $142,500
requiring additional investments
of $32,500 to complete
provision
Aug. 5, to have the voters
the issuance of
on
Rogers City, Mich.
Bond Offering—John
will
Clerk,
exceed
interest
3%
system
bonds.
Denom. $1,000.
Interest M-S. Due Sept. 1, as fol¬
lows: $20,000 from 1948 to 1952
incl., and $25,000 from 1953 to
1948
maturing in the years
1972, both inclusive, will
be subject to redemption on 30
days' published notice, at the op¬
tion of the City, on any one or
more
interest payment dates on
and after Sept. 1, 1957, in inverse
numerical order, at the par value
thereof and accrued interest, to¬
gether with a premium of $20 per
bond if called for redemption on
or after Sept. 1, 1957, but prior to
Sept. 1, 1962, and $10 per bond if
called for redemption on or after
Sept. 1, 1962, but prior to Sept. 1,
1967, and with no premium if
called for redemption on or after
Sept. 1, 1967. Rate of interest to
be in a multiple of Ya of 1%. prin¬
cipal and interest payable at the
sold
to
two
to
1962, inclusive.
Interest
Mexico, Mo.
>
—
The
City Clerk states that the election
which
had
been
scheduled
for
July 2, to pass on the issuance of
$1,200,000 municipal power plant
bonds, was postponed to Sept. 23.
Missouri
Cities
May
(State of)
Establish Parking
A bill to
—
municipalities
signed
enable Missouri
to
provide
offparking facilities
was
July 23 into law by Gov.
street
on
Phil M.
Donnelly.
Excluding St. Louis, the bill
provided that "any incorporated
Detroit Bank, Detroit. These bonds
of
ance
—
$70,000 Veterans Housing
bonds.
Ocean
Township (P. O.
Oakhurst), N. J.
Bond
will
Offering
be
(DST),
Brown,
until
Aug.
on
Sealed bids
—
received
4,
8
by
p.m.
Elmer
Township Treasurer, for
following cou¬
the purchase of the
registered improvement
aggregating $109,000:
$95,000 road bonds. Due on Aug.
1, as follows: $9,000 in 1948;
$10,000, 1949;. $11,000, 1950,
and $13,000. -in 1951 to
1955.
14,000 Deal Lake bonds. Due, $1,or
bonds
Bond Election Postponed
Area
The City
Commission is said to have
passed
an ordinance
calling for the issu¬
pon
MISSOURI
.
line
Millville, N. J.
local
payable M-N.
to
1968
were
banks, as noted here in detail—v.
166, p. 417—were purchased
by
the said banks at
par, giving a net
interest cost of about
1.91%. Dated
May 1, 1947.
Due from
May 1,
1972 incl.
water
aggregating $60,000
which
disposal
Dated Aug. 1, 1947.
$10,003
Bonds Authorized
Price Paid—It is now
stated by
the Town Clerk that the
three is¬
sues of bonds
coupon
of
bonds.
con¬
Woodville, Miss.
receive sealed
bids until 8 p.m. (EST) on Aug.
6 for the purchase of $600,000 not
City
$110,000
struction bonds.
ordinance which calls for the is¬
suance
pass
S. Blasky,
Bonds
City has $60,800
and B-2 bonds callable
Newton, Mass.
Bond
City
O'¬
B-2, and/or B-3.
on
count
states that
sewage
M.
p.m. (EST) on Aug 11 of
refunding bonds, series A-2,
945
a.m.
until
Park, Mich.
Wanted—John
that he will receive sealed tenders
Treasurer,
bids
unqualified opinion of Aaron
Lowenstein, attorney for Board of
Education, approving the legality
such
until 8
P.
Charles
of
J
to
dis¬
Middlesex
cost
opinion
shall be paid by the purchaser.
The District shall pay the cost of
printing the bonds.
1947.;
18,
12,
The
bonds.
Maiden, Mass.
the
1951,
000 frbm
'
inclusive.
Interest
Aug. 1, 1948 to 1961,
rate
is
not
to
exceed
6%, payable F-A. Denom. $1,000.
Dated Aug. 1, 1947.
Said issues of
bonds will be sold
issue
as
combined
a
though they constituted
single issue, and the combined
one
as
maturities of said issues of bonds
maturing
Aug. 1, of each year,
$10,000 in 1948,
$11,000 in 1949, $12,000 in 1950,
$14,000 in 1951 to 1955, and $1,000
are
on
follows:
as
city or town of not more than
are to be issued for the purpose of
in 1956 to 1961.
Rate of interest
700,000 and not less than 1,000
to be in multiples of
providing funds for acquiring a" population
for sale
Ya or 1/10 of
may
rent, lease and
for retirement of these
on July 24, and were awarded to
Series.
sewage disposal system and their improve
1%, and must be the same for all
property or acquire prop¬
the Merchants National Bank of Balance of cash on hand may be issuance was approved at an elec¬
of the bonds.
Principal and intererty by gift, purchase, exchange,
est payable at the
Boston, at 0.549% discount. Dated invested in Series B-3 bonds. In tion held on June 23, 1947.
The or by the exercise of the
Asbury Park
power of
addition, the City has a reserve | bonds will be the general obliga¬ eminent domain
and Ocean Grove
July 28, 1947.
Due on Dec. 11
over unimproved
Bank, Asbury
1947. Issued in anticipation of rev¬ in its 1945 Refunding Bond Fund tions of the City, which is au¬
Park. The bonds will be
general
property in the manner provided
of $100,000 (invested in U. S. Sav¬ thorized and
enue for the year 1947. Payable at
required by law to by law for the condemnation for obligations of the Township, pay¬
the Merchants National Bank of ings Bonds, Series G).
able from unlimited ad
levy upon all the taxable property street
valorem
purposes."
Boston.
Next highest bid wag
taxes.
Offerings
should
state
No proposal will be con¬
bond therein, such ad valorem taxes as
Under the act, the city, lessee
and
rate of 0.576%, submitted by the series
sidered for bonds at a rate
numbers, their par may be necesary to pay the bonds or occupant of the
high¬
property can¬
Second National Bank of Boston. value,
er than the lowest rate
their maturity and call and interest thereon, without lim¬ not sell
at which
gasoline or any service
a
date, and the yield basis (with itation as to rate or amount.
legally acceptable proposal is
The except that of
parking. Governor
Stoneham, Mas3.
approximate
dollar
No bids will be consid¬
price)
at bonds will be awarded to the bid¬ Donnelly said he would have ve¬ received.
Purchaser—The Town Treasur¬
which they will be sold to the der whose bid
produces the lowest toed the. bill if it had permitted ered for said separate issues of
er
now
states that the $100,000
net interest cost to the
City.
City after the lessees or operators to sell bonds, and all proposals must be
revenues notes sold recently at a
The Sinking Fund Commission
deducting the premium offered, gasoline or other services than for all of said issues as a com¬
discount of 0.567%, as noted here
will compare the yield basis
bined issue.
if any. In
As between
spe¬
determining the net in¬ parking.
propo¬
c-~v. 165, p. 3441—were purchased
cified with yields of United States terest
sals at the same lowest interest
cost, interest on premium
In
signing the measure, the
by the Second National Bank, of
Savings Bonds, Series F and G, will not be considered as deduct¬ Governor said there was a close rate, the bonds will be sold to the
Boston. Due on Nov.
states
loan
notes
offered
were
20, 1947. Sec¬
ond best bid was an offer of
,0.568%, made by the Merchants
National Bank, Boston.
for
corresponding terms and give
to favorable offerings
bonds with longer terms to
preference
of
run.
Swampscott, Mass.
c
Purchaser
states
now
The
—
that
the
The
City
Clerk
reject
any
$100,000 tax
waive
Town
anticipation notes sold recently at
0.527%, discount—v. 165, p. 3441—
.were' purchased
by
the Town
Treasurer. Due on Dec. 19, 1947.
Township Sch. Dist. No. 5
(P.
Series B Nos. 4
and
6, dated
March 2,
1966,
1936 and due March 2,
have been called for pay¬
ment
on
Commercial
&
Savings
Bank
of
Flint.
Cumming
Township Sch. Dist.
(P. O. Rose City), Mich.
Bond Offering — Viola Schick,
Secretary of the Board of Educa¬
tion, will receive sealed bids until
8 p.m. (EST) on Aug. 4 for the
purchase of $45,000 not to exceed
,
3%
interest coupon school bonds.
Dated; Aug. 1, 1947. Denomination
$1,000. Due $9,000
on
April 1 from
1948; to 1952 inclusive. Rate of in¬
to
terest
be
right to
tenders;
irregularities
any
in
to
said
expresed in
mul¬
a
"or 2%
rdei*
of the bonds, payable to
the District Treasurer,
of
"s required. The District is author¬
ized and required by law to levy
pon
.
all
the
taxable
property
herein such ad valorem taxes
ay
nd
be necessary to
the bonds
interest
imitation
1,
pay
as
thereon, within the
prescribed by Section
Article
onstitution
X,
of * the
and
the
Michigan
..Michigan
roperty Tax Limitation'Act/The,
lectorsbf'the'Distriofauthorized
n4hcrease.yin::th^r^^^t6 Ihnin'
ationto 3
involved
city can acquire
and use it for parking
property
No bid for less than par or for less
than all of the bonds. Bids shall
be conditioned upon the
whether it is
problem
fied opinion of Claude H.
a
vehicles
motor
unquali¬
question
whether
a
within
hire
for
and
public or private
the meaning of
such
sections of most of the cities. This
bonds
problem of
City, and to purchase addi¬
August 11.
Offerings should be firm until
a.m., Aug. 13, and should be
11
marked
on
of
the outside of
No.
Township
1
(P.
O.
Sch.
Box
Dist.
177,
Palmer), Mich.
Bond
Offering
Peter Lucci,
Secretary of the Board of Educa¬
tion, will receive sealed bids until
5 p.m.
(EST) on Aug. 15 for the
purchase of $20,000 not to exceed
—
are
certified
check
for
District
Call
—
2%
bonds/pay-
Edward
Secretary,
on
any
parking
of
interest
incl.
Interest
to
be
A-O.
expressed
MINNESOTA
a
states
multiple
of Ya of 1%.
Principal
interest payable at the office
of the above-mentioned
rage
and
sale
Board
Sale—The
Town
Clerk
that the $20,000 2Yi%
ga¬
building bonds offered for
July 21, were purchased
a
Secretary.
of
Education
to
pay
the
Education, is
The
Board
re¬
of
Education
is authorized and
required by law
to levy upon all the
taxable prop¬
erty
therein
such
ad
valorem
taxes
the
as
within
by
may
bonds
the
interest
limitation
Section 21,
1.99%.
$4,000
Article
X,
of the
The
electors of the District
authorized an increase in the
tax
rate; limitation to 3.7% of the
assessed
valuation for the years
1947 to 1951, both
iticlusive,at an
^election1 hel<b on; June
11;, 1947.J
Bids -shall- be
conditioned upon
.
not
than
more
crued
$110,000
interest,
therefor
the
and
least
and
to
ac¬
accept
amount
of
bonds, the bonds to be accepted
being those first mstturirigi and if
two or more bidders-offer-to take
the
least amount of bonds at
lowest rate of
same
the
same
then
interest,
said
the bidder
bonds
or
be
sold
mgnest addition¬
price, which price shall not
by more than $1,000 the
ceed
value
of
sale.
Proposals
forms
which
the
to
bidders offering to
pay merefor the
al
will
bonds
par
for
desired
are
shall
ex¬
offered
be
on
furnished
by the Township. The legality of
the
bonds
will
be
aporoved
by
nished
•
to
opinion
the
will
be
purchaser
fur¬
with¬
—
Dated
Aug. 1, 1947. Due
Aug. 1, in 1948 to 1952,
Principal and interest
payable
at
the
Tow*>
to
on
(F-A)
& Trust
for
County, Hickory Flat Con-
2V4%
school
awarded
Co.,
of
to
bonds
Herman
Memphis,
at
$25,000
recently
Bensdorf
a
price
&
of
100.314, a basis of about 2.20%—
v. 166, p, 205—mature
July 1, as
follows: $1,500 from 1948 to 1950
inclusive; $2,000 ffom 195Lto 1954
inclusive-, and $2,500 irom 1955 to
1959 inclusive, interest J-j.1 k
*
Bank
bonds
shall
be
not
less
$314,000,
nor
more
than
$315,000.
A certified check for
$6,280, payable to order of the
county, is required.
Legality to
be approved by Hawkins,CDelafield & Longfellow of New York
City.
Miss.
.Bond Sale Details—The
the
National
Co., Camden. Amount bid
than
solidated School District
(P. O.
Ashland),
and $14,000 in
name a
the First Camden
MISSISSIPPI
.
inclusive,
single rate
of interest, expressed in a mul¬
tiple of Ys or 1/20 of 1%. Princi¬
pal and interest (M-S) payable at
Treasurer's office.
Benton
1969
1970. Bidder to
inclusive.
thereon,
prescribed
Michigan Property Tax Limitation
Act.
on
by the State Bank of Tower, at
price of 101.50, a basis of about
be necessary to pay
and
than
the
principal amount
of
$109,000, and accrued interest, and
.
Bond
Rate
in
combined
Camden), N. J.
out charge.
The bonds will be de¬
Bond Offering—Harry L. Cranlivered in New York
City on Aug.
mer, Clerk of Board of
Chosen
15, 1947, or as soon thereafter as
Freeholders, will receive sealed
they may be prepared.
Enclose a
bids until 2 p.m. (DST) on Aug.
certified check for 2% of the
par
12 for the purchase of $314,000 not
value of the
bonds, payable to the
to exceed 4% interest coupon or
Township Treasurer.
registered highway improvement
bonds
of
1947.
Dated
Sept. 1,
Passaic, N.J.
Bonds Authorized
1947. Denom. $1,000. Due Sept. 1,
The Board
as follows:
$10,000 from 1948 to of Commissioners is said to have
1953 inclusive; $15,000 from 1954 passed an ordinance
calling for
Breiting (P. O. Soudan), Minn.
1948
1951
bidders offering to pay
issue not less
or
the
approving
Camden County (P. O.
on
bidder
for
Caldwell, Marshall, Trimble &
Mitchell, of New York City, whose
NEW JERSEY
interest date,
4%
to
right to provide
facilities for the people
in the business district.
Sept. 1, 1947, at the Detroit Trust
Co., Detroit.
interest coupon school
bonds.
Dated July 1, 1947. Denom.
$1000.
Due $5,000,on April 1 from
that the cities
seem
have the
would
announces that
have been called for
payment
necessary
said it would
Parkin,
refunding bonds, Series A Nos. 16,
37, 123, 336, 447 and 631, dated
Sept. 1, 1937, due Sept. 1,
1967,
and callable
general public in business
parking fa¬
cilities is one of the major prob
lems facing the cities today."
Pointing out that cities spend
large amounts of money in estab¬
lishing and maintaining streets for
the
public, Governor Donnelly
Royal Oak Township Sch. Dist.
No. 7 (P. O.
Berkley), Mich.
Bond
not adequate parking facilities
for the
able, to the City Treasurer.
envelope "Tender of 1945 Refund¬
ing Bonds."
Richmond
a
of the par value of the
sealed
a
"However," he observed, "there
opinion and of printing the
will be paid by the
City.
Bonds will be delivered at Detroit.
Enclose
quired.
check
their
to
as
to the
West
certified
constitutional
Aug. 6, 1947, to
respective maturity dates.
tenders; which, in the ppinion of
the Council, are most favorable
cost of printing the bonds. A
cer¬
tified check for 10% of the
bonds,
payable to order of the Treasurer
of the Board of
A
bonds will be
on
from
the constitution.
or
tiple, of V\ of 1%. Principal and
interest (annually on April 1)
payable at the Commercial Bank
f
Tolfree, Livingstone & Co.,
Branch.
computed
Stevens,
Berry, Stevens,
Barbier,, &
Evely,' of Detroit, approving the
legality of the bonds. The cost of
Sept. 2, 1947, at par and
interest, at the Citizens
accrued
all
tenders; to accept the tender
O. Flint), Mich.
Bond Call—School bonds, series
A Nos. 16, 21, 39, 41, 44, 53 and 57,
and
and
tional bonds sufficient to exhaust
the amount of money available on
MICHIGAN
Burton
the
reserves
ible and interest
-
i-
N.
J.
Bond Issuance Pending
Township
have
-
-
-
Union
County (P. O. Elizabeth},
New Jersey
Bond
Offering
—.
Sealed bids
will be received until
noon
(DST),
Aug. 5, by Arthur N. Pierson,
County Treasurer, for the pur¬
on
chase of
$190,000
coupon or
regis¬
tered park bonds.
Interest rate is
not to exceed 6%,
payable F-A.
Denom. $1,000.
Dated Aug. 15,
1947.
Due $10,000 irom
Aug. 15,
1948
to
1966, inclusive.
interest is to be in
a
Rate
of
multiple of
same
Principal
—
The
and interest payable at Ihe Union
is said-to County Trpst Co., Elizabeth,
consideration - an I purchase price specified
Committee
under
issuance of $820,000 Veterans
1/20 of 1%, and must be the
.for all of the bonds.
Mat a wan Township (P. O.
Matawan),
r
the
Housing bonds.
T.
^
{
f
1
54
THE COMMERCIAL
(514)
proposal
must
$190,000,
nor
1%, and must be the same for all
Principal and inter¬
payable at the County Treas¬
be less than
than $191,000.
not
more
of the bonds.
by $153,668,335, bringing this debt
a
point 5.15% lower than the
preceding year.1
New York City paid $46,940,719
to
In selecting the proposal to be ac¬
est
cepted, the County Treasurer will
not
consider
proposals
which
name
a
rate
of interest higher
urer's
cessful bidder
at the option of
1946
to
than the lowest rate named in any
the successful bidder at the office
debt
by
legally
if
sal
or
the
of
theleast
accept
to
(such bonds be¬
amount of bonds
ing the first maturing bonds) will
be accepted, unless two or more
The
bonds
will
or
Delafield
be
suc¬
&
Wood,
about
Aug. 21, 1947. The period of prob¬
able usefulness of the object or
lowest rate, the propo¬
offering
Hawkins,
of
such
more
office.
delivered at the office of the
proposal; and
proposals
acceptable
two
name
New
York
for
purpose
is
ness
to
City,
which
be
on
the
or
indebted¬
contracted
is
five
The
years.
proposals name the lowest rate of
interest and offer to accept the
same
least amount of bonds, in
approving opinion of
Delafield & Wood, of
New York City, will be furnished
to the purchaser without cost. The
of such last
County operates under the County
which event that
one
Hawkins,
mentioned proposals
Law.
to
were
which offers
the highest price will be
accepted.
The purchaser must
pay accrued interest from* the date
of the bonds to the date of deliv¬
pay
upon
be. paid
made by the
will
interest
deposit
No
the
ery.
All
the
pursuant
Law.
nance
laws have
to
bonds
authorized
sold
the
of
this
and
to
No
issue
to
are
the
be
Local
applicable
local
been adopted pursuant
Finance Law. The
Local
down payment has been
provided
as
served to reject all bids.
The suc¬
cessful bidder will be furnished
tified check for 2% of the amount
of bonds bid
for,
with the
opinion of Reed, Hoyt &
.Washburn, of New York City, that
the bonds are valid and legally
required by law. Enclose
Ithaca
registered sewer system bonds
July 29—v. 166, p. 418—
offered
State Bank
to the
awarded
of Albany, as
1.30s, at a price of
100.27, a basis of about 1.26%.
Dated Aug. 15, 1947 and due ser¬
Aug. 15 from 1948 to 1959
incl. Second high
bid of 100.51
for ll/zs was made by Roosevelt
ially
on
& Cross of New York.
Cochecton,
Lake
District
(P. O.
Huntington), N. Y.
Lake
Bond
Offering
Town
Philip Neff,
—
Supervisor,
will
receive
sealed bids until 2:30 p.m.
to
1951
inclusive.
Bidder
to
proved by Vandewater,
Heckler of New York
Sykes &
City.
Lakewood, N.
Bond
Sale—The
offered
Sale consisted
name
a
single
rate
of interest,
expressed in a
multiple of V4 or 1/10th of 1%.
Principal and interest (F-A) pay¬
able
at
of
the
First
National
Jeffersonville.
A
166,
be
approved
by
Vandewater,
Sykes & Heckler of New York
City. Delivery of bonds to be
made
in
place
as
New
Bonds
on
will
or
be
about
valid
binding
general
Town, payable in
from
at
or
instance
levy upon property in the
Huntington Sewer District in
the Town, but if not
paid from
such levy,
all the taxable real
a
Lake
property within the Town will be
subject to the levy of ad valorem
taxes to pay said bonds and
inter¬
est thereon, without
limitation
to rate
or
as
amount.
Floral Park, N. Y.
Bond
mann,
Offering—Edward C. UllVillage Treasurer, will re¬
ceive
sealed
(DST)
of
on
bids
until
2
p.m.
Aug. 8 for the purchase
$66,000 not to
exceed
5%
in¬
terest public improvement
bonds.
Dated Aug. 15, 1947. Denom.
000. Due
1952
on
incl.
(F-A)
$1,Aug. 15 from 1948 to
Principal
payable
at
and. interest
the
First
Na¬
tional Bank & Trust
Co., of Floral
Park. Legality to be
Vandewater,
Cmtnty
Bond
will
Offering
be
(DST),
County
chase
(P.
N.
—
received
Sealed
until
10
bids
a.m.
Aug. 4, by Ralph Spoor,
Treasurer, for the pur¬
$21,000 coupon or regis¬
tered equipment bonds. Interest
rate is not to exceed
4%, payable
J-J.
No.
$1,000. Dated
July 1, 1947. Due July 1, as fol¬
$4,000 in 1948 to 1951, and
$5,000 in 1952. Rate of interest to
be in multiples of
y4 or l/10th of
total
a
debts
to
of
re¬
The net bonded debt
of New
York City (total bonded
debt less
offsetting sinking funds)
from
1948
to
Audit
•
of
or
and
Ended in 1946
197,555,465 $
c/c of
310,620,590
York City. 2,942,065,797
Decrease
180,005,642
New
,
Falls) N. Y.
Offered—Bids
Aug.
were
—
8.88
2,895,125,078
—
mul¬
New
of
York
City. A certi,$540, payable to
for
the
State
Treasurer,
is
Legal
&
bidder.
made
Delivery of bonds
on
to
about Aug. .26 at
place designated by the successful
1.60
or
bidder.*
.
.
.
$3,252,686,387 $3,166,101,385 —$ 86,585,002 — 2.66
Towns
41,698,096
38,030,998 —
3,667,098 — 8.79
Villages
46,154,630
41,598,750 —
4.555,880 — 9.87
Fire Districts
1,026,509
1,593,464 +
566,955 + 55.23
School Districts—
130,617,606
123,840,804 —
6,776,802 — 5.19
Sale—The $14,000 coupon
street improvement
bonds offered
for sale on
July 22—v. 166, p. 314
Total
curities
—
Upstate
Total Inc.
$
727,672,896 $
656,045,965 —$ 71,626,931
Washington, N. C.
—were
awarded to the Vance Se¬
3.23
—
Corp., of Greensboro, at A
price of 100.016; a net interest cost
of
about
follows:
NET BONDED DEBT OF CITIES
/
(Total bonded.debt less sinking funds)
Upstate
Cities
___$
New York City
•'/
Cities
:
<
___-$2,566,494,620 $2,444,808,932 —$121,685,688
.
—
the
on
'2s,
as
bonds
due
as
from
.<,
4.74
ing $9,000 as 114 s, due from Tune
T, 1953 to 1957.
Dated June
1',
1947. Interest
payable J-D. Run¬
ner-up was Fox, Reusch &
Co.,
offering 100.288 for $14,000 as
iy2s.
' ;
..
"vt""——~T~~'—"—
BONDED
DEBT
COMPUTED'WITH
——■'
NET
BONDED
Note
DEBT
notes offered for sale at the
Cities—$
417,052,306 $
Upstate Bonded Debt
Including
Net
385,069,658 —$ 31,982,648
!
;
—
7.67
\
.
Guaranty Bank & Trust
Co., of Greenville, at lVz%~; plus A
1947.
698,313,873
__
634,909,537
63,404,336
—
—
9.08
Total Bonded Debt
Including
City Debt
ed to the
premium of $100.
of
Upstate Cities
same
time—v. 166, p. 314—were award¬
Upstate Bonded Debt
Debt
Sale-—The" $100,000 elec¬
system
bond
anticipation
tric
OF CITIES*
Bonded
1.38%,
$5,000
June 1, 1948 to
1952; the, remain¬
281,261,568 $ 249,839.879 —$ 31,421,689 —11.17
2,285,233,052^ 2,194,969,053 —
90,263,999 — 3.95
'
'
•
J
•-
'
Bond
9.84
—
N.Y.C.__$3,669,738,693 $3,551,171,043 —$118,567,650
Net
Due
Dated Aug. I,
1, 1948.
The
Feb.
on
Branch
Banking & Trust Co., of
Wilson, was the runner-up in the
bidding.
.
NORTH DAKOTA
5.15
$2,983,546,925 $2,829,878,590 —$153,668,335
*Note—Since the amount of the* sinking funds of the municipal¬
ities other than cities is extremely small, the percentages in this table
re¬
for
T.
F.
Authority's
122
East
42nd
York
St.,- New
(EST) on
City, until noon
Aug. 7 for the purchase of
$22,244,000
temporary
loan
notes,
issue XXV.
Dated Aug. 27. 1947
and due Feb.
27, 1948.
New
York (State
of)
Reduction
Shown
Debt—Frank
to
the
were
offered
and
25
Chase
of New York, as
were
National
follows:
'
1948.
Capital
(Sewers), notes
0.74%, plus a premium of
$7.00. Due on Aug. 1, 1948.
at
Comptroller,
C.
in
as
government,!
State's municipalities,
nearly 10,000 in number, was cut last
year
by
$118,567,650—a decrease
of
3.23% from 1945 levels.
Including sinking funds, created
future
bonded
debt
debt
payments,
of
the
Central
Hanover
Trust Co., New
best
1947. Payable at
Aug. 1,
bid
was
Bank
&
York City. Secopd
an
offer
of
0.60%
for the $800,000 notes, submitted
by the Genesee Valley Trust Co.,
Rochester.
all
lo¬
calities, at the close of each local
fiscal year in 1946, was reduced
lk
the
bids
(DST),
Sealed
noon
Aug. 6, by John W. Hughes,
City Treasurer, for the purchase
of the following counon or regis¬
tered
bonds
for
$40,000 street improvement bonds.
Due $8,000 on Aug. 1, in 1948
to 1952, inclusive.
160,000 sewer bonds. Due $20,000 on Aug. 1, in 1948 to 1955,
inclusive.
95,000 street reconstruction
bonds. Due
in
1948
to
Interest
rate
on Aug.
1; $9,000
1952, and $10,000
1957.
is
not
all
of
bonds.
the
Principal and interest payable at
the
City
Treasurer's
will
be
valid
The
legally
office.
and
binding general obligations of the
City, all the taxable real property
within which will be subject to
the levy of ad valorem taxes to
pay the bonds and interest there¬
on, without limitation as to rate
Water
Main
Works District
No.
and
Watet
61
Bismarck), N.
,
(P. O. 1
Dak.
Offering
Sealed bids
Bond
will
be
—
received
until
2
p.m.
or
amount.
The
bonds
are
issued
others
among
the
and
bonds
Local
will
Finance
be
York, N. Y.,
State, including
the City Charter
or
Law.
delivered
at
The
New
at such other place
with the
20, 1947.
approving opinion of Vande¬
water, Sykes & Heckler, of New
York City, will be furnished to
as
be agreed
may
upon
about
Aug.
the
purchaser
close
a
without
certified
cheek
cost.
for
En¬
$5,900,
payable to the City.
Valley Stream, N. Y.
Bond Sale—The
improvement
29—v.
to
C.
$128,700 public
bonds offered July
166, p. 313—were awarded
J.
Devine
&
Co., of New
York, as 1.20s, at a price of 100.2413, a basis of about 1.14%. The
bonds
exceed
l1/2%, payable F-A. Denomination
$1,July 1, 1947. Due July
1, as follows: $11,000 in 1949, $15,000 in 1950, $20,000 in 1951, $25,000 in 1952 to 1957, $30,000 in 1958
and
.1959, $35,000 in 1960.to 1966,
1967. Bonds matur¬
ing in 1965 to 1967, subject to re¬
demption at the option of the City
on any interest payment due date
on and after July
1, 1952, at par
and $40,000 in
mature
York.
first
interest to
numerical
providing
for
months interest and
on
Nov.
1
Bronx
call
date;j
order
after
the
next
12
principal
re-]
quirements.. Purchaser to desig¬
a single rate of interest in a
multiple of V4 or 1/10 of 1%. Split
nate
rate
bids not
Princi-!
acceptable.
at
the]
City Treasurer's office and at
any}
pal
and
interest
suitable bank
payable
other institutiondesignated by the successful bid-}
der.
The printed' warrants
and}
approving opinion of Dorsey, Col|
or
man, Barker, Scott & Barber, oi;
Minneapolis, will be furnished
bjj:
the City without cost to the-suc-l
cessful bidder.
Bids must be
for all
or none
"
,
J-
.'
unconditional
ancj
of the entire issue!
No bid for less than par and
crued interest will be
ae-}
considered]
1, 1947 and The basis of comparison of
bid'j!
from 1948 to will be the total amount of inter®
1958 incl. Second high bid of 100.for. 1.20s was made by the
National
accrued
inverse
dated May
are
im¬
Denom.
000. Dated
in
the
system
provement warrants.
and
of
distribution
works
statutes
139
to
(CST), on Aug. 5, by M. H. Atkin¬
son, City Auditor, for the purr
chase of $541,000 coupon water
pursuant to the Constitution and
aggregating $295,000:
in 1953 to
1,
1/10 of 1%, and must be
or
same
purchaser
Offering —
will be received until
Aug.
The
Rome, N. Y,
on
Moore,
announced
^at l°cal
Dated
of
Dated
bonds
$700,000 tax anticipation notes at
0.57%, plus
a
premium of
$11.00.
Due
on
March
16,
Bond
which he called the
State's biggest
business," is steadily reducing its
bonded debt. He
reported that the
gross bonded debt of all of
the
,
July
on
awarded
City Housing Authority,
Farrell announces that
sealed bids
will be received at
the
offset
sale
Bank
Glens
Offering—Chairman
■X
1947. The
interest rate is to be in multiples
Notes Sold—Two issues of notes
aggregating $800,000
New« York
Steady
$1,000.
N.- Y.
Rochester,
100,000
New York
total
ful
be
—
in
opinion of MiLPershing of New York
City will be furnished the success*-
—12.76
39,644,283
46,940,719
—
expressed
Cities
Total
1, by the Dis¬
Glens Falls National
Bank,
Falls.
the
check
chell
Decrease
-$ 17,549,823
270,976,307
_______
in
required.
or
can be used as if they had
been computed On the basis of the net
bonded debt (total bonded debt less sinking funds) for all municipal¬
ities.
-
(P. O. South
$2,000 in 1948 to 1957, and $3,000
in
1958
to
1967.
Principal and
interest
(F-A)
payable
at
the
to
be
able
Incr.
Water
coupon
tiples of 14 of l%..Not more than
three interest rates
may be named.
Principal and interest (F-A) pay¬
Bismarck
Denomination $1,000. Dated Aug.
1, 1947. Due on Aug. 1, as follows:
,
interest to
and
Increase
Aug. 5 for
gations of the town, payable from
unlimited taxes. Rate or rates of
order
Local
__._$
Upstate
are
Clerk, for the purchase of
$50,000 not to exceed 5% coupon
or
registered bus garage bonds.
office,
interest
6%
Dated Feb. 1, 1947.
Der
$1,000. Due Feb. 1, as fol¬
lows:
$1,000 from 1950 to 1962
incl., and $2,000 from 1963 to 1969
incl. Registerable as to
principal
only. The bonds are general obli¬
DEBT
Fiscal Year
Ended in 1945
on
Raleigh
bonds.
Control:
BONDED
receive
will
(EST)
a.m.
nom.
prepared by the
Research and Statistics Section of
of
Easter-
the purchase of $27,000 not to ex¬
of municipalities
Department
11
ceed
16T.3S% from the peak.
Following table is a compara¬
tive analysis of the bonded debt
the
Commission,
until
reached its peak
in
1'940 when it stood at
$3,384,717,060.
By the close of their fiscal
decrease
' -'
sealed bids at his office in
nicipalities
a
C.
N.
Offering— W. E.
Secretary of Local Govern-^
ment
Cities:
1952
Central Sch. Dist.
1
until
Note
ling,
decline of 3.95%.
Upstate cities
decreased such debt
by 11.17%.
b°nded debt of all mu¬
STATE MUNICIPALITIES
1
Counties
trict
A
Jonesville,
Bond
showed
a
or
Grove,
Sold—It is
.
Bonds
Denomination
lows:
1
Glens
°"t.
on
of
Wilton
It
O.
Y.
their
GROSS BONDED DEBT
Exclud.
Moreau, Northumberland
Local
Cat skill),
rise. The increase was largelyNEW YORK
by Tilney &
ceived
N. C.
reported that
$50,000 bond anticipation notes
were
purchased recently by the
Bank of China Grove, at 1%.
by 9.84%.
Co. of New York.
approved by
Sykes & Heckler of
New York.
Greene
Aug.
and
first
age
dated Aug.
1, 1947. Second high bid of 100.312
for 1.60s was made
21.
legally
obligations
of
paid
on
duce them
incl.
such
Aug.
compiled, the increase resulted in
a disproportionately high percent¬
of:
All of the bonds
be agreed with the
may
purchaser,
York
the
418—
$42,750 village hall bonds. Due on
Aug. 1 from 1948 to 1962 incl.
9,500 fire apparatus bonds. Due
certified
$500, payable to order
of the town, is required.
Legality
year
slightly more than $1,000,000,
lowest of any of the units
was
awarded to the Marine Trust
on
City,
$71,626,931
$554,838,470,
beginning of the
tricts at the
Total
bonds
p.
Co., of Buffalo, as 1.60s, at a price
100.395, a basis of about 1.54%.
Bank
check for
to
upward trend.
an
Since the total debt of fire dis¬
Y.
$52,250
July 28—v.
1972 incl. Bidder to
were
China
Notes
of
cou¬
of
or
York
outside
—
fleet
(DST)
single rate of interest,
expressed in a multiple of l/10th
of 1%. Principal and interest
(an¬
nually on Nov. 15) payable at the
registered sewer bonds.
Dated Aug. 1, 1947. Denom. $1,000.
Due $1,000 on Aug. 1 from 1948 to
pon
New
NORTH CAROLINA
new
bonds
buildings and equipment.
municipalities,
Local
a
(DST)
cou¬
issued
Fiscal Year
registered building bonds.
Dated May 15, 1947. Denomination
$1,000. Due $6,000 on Nov. 15 from
Aug. 7 for the purchase of $25,-
on
000 not to exceed 5% interest
decline
a
All
which
5.19%, while fire districts with, years ending in 1946 the munici¬
increase 01 $566,955, or 55.23%, palities; had
cut
this
figure to
were
the only local units to re^. $2,829,878,590
a
reduction
of
•
or
1948
districts showed
School
districts
new
of
District
000 not to exceed 3% interest
name
by
and
occasioned by creation of five
fire
for
an
Aug. 6 for the purchase of $24,-
pon
8.88%; towns, by
villages, by 9.87%.
debtedness
8.79%,
Bankers
Trust
Co., New
York
City. A certified check for $480,
payable to order of the district,
is required. Legality to be
ap¬
Huntington
Sewer
1
School
sealed bids until 3:30 p.m.
on
$310,-
620,590 to $270,976,307—a decrease
of $39,644,283, or 12.76%.
Counties cut their similar in¬
6 (P. O. 102
Northway
Road, Ithaca), N. Y.
Offering—Ruth S. Trous¬
District Clerk, will receive
dale,
Bond Sale—The $27,000 coupon
were
Free
Bond
Y.
from
indebtedness
Monday; August 4, 1947
fied
Union
No.
reduce
bonded
County.
NEW YORK
or
cer¬
a
year ended
ui
its gross bonded
fiscal
its
1.6%, leaving a total of
$2,895,125,078 outstanding. Upstate
cities
reduced
their
aggregate
payable to the
binding obligations of the County.
Baldwinsville, N.
during
Fi¬
successful bidder. The right is.re¬
;
CHRONICLE
FINANCIAL
&
Bank
of
New
est
required
for
fully paid at the
the
issue
coupon
rate
unti]
spe¬
cified in the bid, less the amoun
of premium offered, if
any.
En-
yolume 166
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4617
_
(515)
close
certified check for
a
Denom. $1,500. Due
$1,500,
will
be
received
June
until
price pffered to< the extent of ap¬
proximately $85,000.
Cleveland, Ohio
Conditional
firm bids'
Bid
were
Rejected—No
submitted for the
$22,000,000 not to exceed 3%
in¬
terest series A transportation sys¬
tem
mortgage revenue bonds of¬
fered July 29—v. 166, p. 314. A
conditional offer, made by a syn¬
dicate headed by Stranahan, Har¬
ris & Co., Inc., and Otis & Co.,
reportedly offering t to purchase
$12,000,000 serial and $10,000,000
term bonds as 3%s, at, a price of
par, was rejected by the transit
board. As already indicated, bid¬
ders were required to name a cou¬
pon rate of not more than 3% and
price
.a
not less
Columbiana
than
for
par
on
check
for
certified
his
Bend
tary
1
Sale—The
Lisbon), Ohio
*:
Bond Offering—Esther H. Sex¬
ton, Clerk of the Board of County
Commissioners,
will
sealed bidsmntil
noon
receive
Aug. 15
on
lor the purchase of $35,000 not to
exceed
3%
interest
courthouse
improvement bonds. Dated July 1,
.194?. Denom. $500. Due $3,500 on
-Sept.
1 from 1948 to 1957 incl.
Rate of interest to be expressed in
$100,000 sani¬
bonds offered July 30
166, p. 314—were awarded to
Second
Paint Local School District
Konowa,
Bond
Winesburg), Ohio
Sale
Clerk
The $20,000 con¬
struction bonds offered July 29—
166,
v.
the
—
314—were
p.
awarded
Commercial & Savings
multiple of
to
y4
of
1%.
St.
Bernard,
,
Okmulgee,
Ohio
Bond
basis
a
high
made
about
of
bid
of
100.60
District
1.35%. Second
for iy2s was
Clairsville,
Bond Sale—The issue of $7,620
improvement bonds offered July
314—was awarded
p.
Jto the Ohio Valley Banking
Co.,
of Gallipolis, as. iy2s. Dated
July
,21. 1947. and due on Oct. 1 from
*
Price
Ohio
Lima
inch
■
Clerk
bids will be considered.
A
certified
building bonds offered July
31—v. 166, p.
314-Mvas, awarded
to
syhdicate composed of Mc¬
Donald
&
Co.,
of
Cleveland,
from
a
Point-Delta Local Sch.
(P.
O.
Bond
will
South Point),
Offering
be
•
2%
^Columbus, Merrill, Turben
& Co.,
Cleveland, and McDonald, Moore
& Co., of Detroit, as
l%s, at a
price of 100.20, a basis of about
.1*728%. The bonds
Jl, \1947
1
and
mature
and
•1967 inch
^Halsey,
Dec.
1
$75,000
;
from
A syndicate
Stuart
&
on
1948
to
headed by
Co.
Inc., of
second high bidder,
Chicago, was
.offering 101,567 for
*
dated Aug.
are
'
June
2s.
—
nersburg District
town-Canfield
14
and
District
of
sunply bonds offered July
166. p. 314—were awarded
to Field, Richards &
Co., of Cleve¬
land,
a
1,
as lV4s. at a orice of
100.19,
bari's of about 1.22%. Dated
Aug.
1947.and
1948
to
due on Dec.
inclusive.
1957
high bid of
made by.
Inc.
100.007
for
1
from
Second
iy4s
was
Braun, Bosworth & Co.,
construction.
t, (.
Dist,
Mrtamora, Ohio
Offering—C. J.
Bond
Malone,
Village Clerk, will receive sealed
noon
on
bids
bonds. Denom.
of
bid
is
an
Offering
upon
as
$29,000 in 1950 to: 1959, and $30,
in
est
a
ton.
These
24, and
ited
Principal
(F-A)
payable
at
County Treasurer's office or at the
are
interest
fiscal agency of the State in New
York City.
A certified check for
payable from unlim¬
taxes.
A transcript of pro¬
evidencing the legality $2,000 is required. Legality to be
thereof and the printed bonds wil
approved by Winfree, McCulloch,
ceedings
be furnished
Shuler & Sayre of Portland.
promptly. Bond at¬
torney's opinion at option and ex
bonds offered,
the School District.
walk
July
Bonds Voted—At
v*
The
UJL
to
l/v
J.
V
.
A.
JL
J..
issufe
White
T
»
lil
tv.
&
V*/
Co
V/V.j
of
an
election
by Rvan, Sutherland & Co.
Offering — Rudy Klein,
City Auditor, will receive sealed
to rate
as
merit of the total
net
in¬
net interest cost
to the District under his
vided
none
of the bonds
bid,
are
pro¬
called
for payment prior to final ma¬
turity date. The District will fur¬
nish
to
the
without
Pleasant.
i
Sale—The
cost,
successful
upon
sysytem bonds offered July 28
^
V
1965
on
incl.
July 1,
July
The
1947.
1
the
First
Portland.
1958
are
3s
National
was
to
of
made
Bank
of
Bonds
are
and
Mouto
registerable
Pittsburgh, Pa,
Bond
Program Authorized —
Edward R. Frey, City
Controller,
states
that
the
City
Council has
affirmed Bill No. 2719,
authoriz-
.
,k01
„
nAA
nnA
,
,
_
_
„
ing,.a ?21>000>000 &ond program,
?
UxP?£
aPP£°val ?f
voters at the September pnmary election. The time and
amounJ
subsequent.bond
issues,
definitely confirmed
n?
as ^
Pottstown,
Bond
water
Sale
bonds
Pa.
The
—
offered
$1,500,000
July 23—v.
166, p. 315—were awarded to a
syndicate composed of Butcher &
Sherrerd, Graham, Parsons & Co.,
and Newburger &
Hano, all of
Philadelphia, A. E. Masten & Co.
of
Pittsburgh, and Edward Low-
ber Stokes &
Co., of
Philadelphia,
as
l%s, at a price of 100.379,
basis of about 1.35% to
a
maturity.
The bonds
dated Aug.
are
1, 1947
and
mature serially on
Aug. 1
from 1948 to 1977 inclusive.
Bonds
Nos.
for
1001
to
callable
group
1500
callable
are
on
iy2S
made
was
composed
of
by
a
Harriman
Ripley & Co., Inc., E. H. Rollins &
Sons, Inc., Stroud & *
Co., and
Schmidt, Poole
& Co.
SOUTH DAKOTA
Clear
Bonds
.
Sayre, of Portland, ap¬
proving the legality of the bonds.
Erie
certified check for
$1,-
a
County
Bond
County
(EST)
chase
(P.
O.
Offering
Willis,
ing
the
of
Erie), Pa.
Harvey
—
bids
Aug.
12
$150,000
M.
$51,000
p.
bonds.
Dated
$1,000.
Aug.
from
15
Aug.
Due
1948
awarded to
p.m.
bidder,
pur¬
of
1952
to
1965
the
only
par.
The
Jan. 1 from 1948
Bonds Sold—An issue of
$50,000
widening bonds has been
purchased as IV2S by the
Sinking
Commission.
*
Gainesboro, Tenn.
9, the
the proposed
sewer
on
of
street
Harrisburg, Pa.
Bond Election—At the
primary
election to be held on Sept.
issuance of $300,000
price
a
TENNESSEE
Maturity—Mayor
•
on
419—were
p.
Chattanooga, Tenn.
Fund
voters will pass
l7/8%
incl.
on
-
for
Piper, Jaffray & Hop-
bonds mature
incl.
send, Elliott & Munson of Phila¬
166,
Minneapolis,
at
15,\ 1947.
Legality to be approved by Towndelphia.
Lemmon, S. Dak.
Sale—The $25,000
28—v.
2
$30,000
to
July
the
refund¬
bids
sewage
street improvement bonds
offered
wood,
coupon
Sold—All
disposal plant
offered
July 28^—v. 166,
419—were rejected.
will
until
for
Lake, S. Dak.
Not
bonds
Bond
Controller,
sealed
on
Denom.
dated
Second high bid
100.065 for $160,000
by
from
bonds
Bank,6
State
principal only. A certified
check for
$1,000, payable to order
of the
district, is required. Legal¬
ity to be approved by
Burgwin,
Churchill & Ruffin of
Pittsburgh.
for
_
$10,000
1952
bidder,
payment
Shuler &
receive
$160,000 water
to
to
as
bonds, the unqualified legal
opinion of Winfree, McCulloch^
an
$25,000 building bonds.
.
the
on
Hillsboro, Ore.
Bond
1,
^1948
PleasantP
PENNSYLVANIA
Inc., of Cincinnati, as iy4s, at a;v. 166, p. 315—were awarded to
price of 100.25, a basis of about the Commercial National Bank of
1.15%.
Dated Aug. 1, 1947 and
Hillsboro, at par, for $80,000 2y2s,
due on Aug. 1, as follows:
$17,000
due $10,000 on July 1 from 1950
in 1949 and $18,000 in 1950.
Sec¬
ond high bid of par for iy4s was
to 1957 incl., and $80,000
3s, due
Bond
all
000, payable to the District.
$35,000 side¬
improvement bonds offered
29 — v. 166, p. 314—were
awarded
U
—
payable
upon
District the lowest
Oregon
Toledo, Ohio
Sale
be
taxes
fo^
5
coupon
*>
Dillard), Douglas County,
July 11 the voters authorized
Bond
will
without limitation
Enclose
Dillard Sckool District (P. O.
payable to
Aug
on
'$40,000
of
Aug. 1', 1967, or on any
subsequent
fui bidder shall name. Each bidder
( interest date,
at par and accrued
shall include in his bid a state(interest. Second high bid of 10L70
y
Optional-Aug. 1, 1952.
and
the bonds author¬
ized at the election held on June
are
bonds
valorem
re¬
rmp
Tpjm
]™s-
County
issue, premi¬
um
offered, if any, considered,
and will be delivered
complete, at
the expense of the
District, as
such, city in Oregon as the success- ■!
.
Aug. 1,
$8,000 from 1948 to
inclusive; $9,000 from 1953 to
1956inclusive, and $10,000 in 1957.
of y4 of 1%.
Principal and interest payable at
the First National Bank of Iron--
the
terest cost upon the
1952
multiple
the
ad
to the
,
follows:
Bank
burgj until
Pc
Har-
will
I11(lv.
bids at the office of
Gregg & McConnpll First
National
at the fiscal
or
or amount. The bonds will
be awarded to the bidder
offering
.
Bidders may
different rate of inter¬
at
the real and personal
property of
the District so taxable for its
pur¬
Gladys T.
bid for
1967, callable
Principal and
1952.
payable
from
on
000 in, 1960 to 1971.
15,
City. The principal of and interest
Smith, District Clerk, will
,
Offering—Sealed bids will
June
poses,
of tax
—
in¬
agency of the State in New York
issue
election
and
received until 8 p.m.
Treasurer's office
McLean,
Schools, will
This
Optional
Principal
County School District
(P. O. Elgin), Ore.1
interest
Okla.
R. H.
bonds.
inclusive.
1952.
follows:
receive
sealed bids until 8
p.m., on Aug. 4
for the purchase of
$86,000 not to
exceed B.% interest school bonds,
Dated Aug: 1, 1947.
Due
a
1967
June 15, 1947. Due on June
15, as
$2,000 in 1948 to 1961,
and $1,500 in 1962 to
check for
the
"
.
Secretary,
sealed
"Ple of %of 1%. Mncipal
»-000- 1958 t0
$9,000 from
and
coupon bonds. Interest rate is not
to exceed 3%, payable J-D. Dated
Clackamus County School District
No. 106 (P.O. Route
1,
Lake Grove), Ore.
Bond
Offering—Andrew
District
to
on Aug.
by Josephine Harris, District
Clerk, for the purchase of $37,000
noon
$1,000.
Township School
Pleasant)t
to
19M
.4,
OREGON
,
Pleasant
District (P. O. Mount
$^?°°!££
« exposed3 to fmute
23
Bond
be
until
follows: $2,500
of
authorized at
Sealed bids
bids until noon on
Aug. 12 for the
Aug. 4 for the purchase of $24,500 3% coupon
purchase
of - $9,000
2%
water street improvement bonds; Dated
works bonds. Dated July 1, 1947 I Aug.
1, 1947. Due Aug. 1, as folbids until
I,
No.
July 18.
Dated Aug. 1, 1947, Interest
pay¬
able J-D. Due June
1, as follows,*
made
.
,
to
on
—
j
Mount
.purchase
Shuler & Sayre of Portland:
incl., and $2,-
amount
win, Churchill & Ruffin of Pitts¬
burgh,
portser
(F-A) payable at the City
office. Legality approved
by Winfree, McCulloch,
receive sealed bids until 2
p.m. on
Aug. 5 for the purchase of $25,000
for
Education, for the
purchase of $650,000 2% coupon
15
30—v.
the
Superintendent
of the Board of
AustinNo.
water
as
1955
township, is required.
Legality to be approved by Burg-
an
terest
Ohio
until
of the
The $215 000 Cor-
of
1956. A certified
Bond Offering
of the successful bidder
Enclose a certified check for
1%
O.
to
tified check for
$4,000, payable to
order of the
ceive
| Treasurer's
Self,
Education,
Tishomingo School District,
pense
Mahoning County (P.
Youngstown), Ohio
Bond Sale
of
required.
(award to be made at 8 p.m.), on
Aug. 26, by C. W. Ankrim, Clerk
!Stranahan, > Harris & Co., Inc.,
construction
Toledo, Braun, .Bosworth & Co.,
'Inc., Field, Richards & Co., FahCy,
.Clark r&
Co.,
First
Cleveland
/Corp., and Hayden, Miller & Co.,
I all of Cleveland,, Ryan, Sutheri hand- &
Co., Toledo, Ohio Co. of
—
received
1950
600 in
expressed in a multiple
y4 of 1%. Interest M-S, A cer¬
of
on
bonds.
;
1965
Davis
p.m.
interest,
van,
Jo07frome m!"
$6
s
indusive;
inclusive,
Frank
sealed
ment bonds. Due
1% of the bonds bid for, payable
the Village, is required.
•
,
5
Aug.
Aug. 4 for the purchase
of- $17,600
transportation equip-
The ap¬
check
Board
receive
7
$10,000 on
Sept. 1 from 1948 to 1967 inch
Registerable as to principal
only.'
Bidder to name a
single rate of
Bond
system
1964
2 p.m. on
proving opinion of Peck, Shaffer
& Williams, of Cincinnati, will be
furnished.
of the
will
bid is to be for less than
par and
accrued interest.
No conditional
South
City School District
.•000
'
as^tollowf-'
July 22 will
L.
—
until
6% interest coupon, general obli¬
gation bonds. Dated Sept.
1, 1947.
Denom. $1,000.
Due
.,
rjage, Ore.
sewage
Unicn
to
-
(P. O: Lima), Ohio
Bond Sale—The issue of $3,000,-
.
terest
Thomas School District, Okla.
Offering
of
bids
Aug. 25 for the pur¬
$200,000 not to exceed
Offered-Jess M. Parker,'
Clerk, received sealed bids ™ent hornds.Dated Aug.
Aug. 1 for the purchase of
$2 000 from
$150,000 not to exceed 2Vz% in-
cently purchased as 2s, as pre¬
viously noted in v. 166, p. 207.
Bond
on
City
(P. O.
Paid—Evan
sealed
(EST)
until
Tulsa paid par for the $10,000 repair
and equipment bonds
re¬
was
"
11
receive
^ H°m'' 0re"
Bonds
'
Shidler), Okla.
by Field, Richards & Co.
St.
No.
Offering — Lowell
W.
Monroe, Township Secretary, will
of
*s.sue of $150,000 sewer system and
disposal plant construction bonds.
Osage County Independent School
100.866,
Sayre
0nJ*s Xoted—At an election
? A cen YPters authorized
,
t.
;
<
T
19
St. Bernard—v. 166, p. 314—were
sold as iy2s, at a price of
,
a
Oklat
on
&
Township (P* O.
Lebanon), Pa.
Bond
Pennsylvania
n
Soon—The $194000
improvement bonds author¬
election
Shuler
Portland.
Sale
an
.
McCulloch,
be placed on the market shortly.
Interest
Galtipolis, Ohio
1950
® °.r
Treasurer's
Ive tlscal agency of
in New York City. Le¬
gality to be approved by
Winfree,
3s, due $5,-
July 14 to the Citizens Bank, of
,
to
?r
pur-
street
.
166,
aJ?].e at th®
City
Bond Sale Details—The $17,000
fire
equipment bonds awarded
ized at
District
bids until
pay-
000 in 1959 and 1960.
—
l
The
—
as
The
—
sealed
3% interest school
bonds. Dated Aug.
1, 1947. De¬
nomination $1,000. Due
$5,000 on
Feb. 1 from 1949 to 1956
inclusive.
Principal and interest (F-A)
■
2.69%, were
said firm as
remaining $10,000
made
by J., A.
White & Co., of Cincinnati.
was
Offered
the State
dnue$500W taUS7*an0d0195S82 the
Second high bid of 100;-
iy2s
County School District
(P. O. Nyssa), Ore.
55
Lebanon
Mount
chase
Aug. 1 for the purchase of
$40,000
by the
fol$35,000 as 2V2s, due $5,000
lows:
Bond Oxtering — Sealed bids
A certified cheek for
$500,
vill be received until noon on
payable to order of the Board of
Aug. 4, by W. Thormley Hunt,
County
Commissioners,
is
re¬
Village Clerk, for the purchase of
quired.
:
$40,000 municipal building bonds.
Columbus, Ohio
Interest rate is not to exceed
6%,
Bonds Authorized
The City
payable
A-O.
Denom.
$1,000.
'Council passed a resolution re¬
Dated July 1, 1947.
Due $2,000
cently calling for the issuance of from Oct.
1, 1948 to 1967, inclu¬
$242,250 not to exceed 4% refund- sive,
Rate of interest to be stated
ting bonds. Dated Aug. 1. 1947. Due in
multiples of 1/4 of 1%. Princi¬
ton July 1, in 1949 to 1961.
Inter¬
pal and interest payable at the of¬
est payable J-D,
fice of the Village Treasurer.
No
1948
of
chased
Millersburg,
of par.
for
Bonds
states that the $55,000
interest cost
Bank
election
not to exceed
Okla.
Details
260
| Clerk received
park improvement bonds sold to
the Small-Milburn Co., at a net
M-S.
-25—v.
Sale
now
as Is, at a price
Dated July 15, 1947 and
due
semi-annually on March
and Sept. 1 from 1948 to 1952 in¬
of
No.
Bros. & Co., of Kansas City.
(P. O.
Mount
City Re¬
an
on
Malhuer
opinion at
July 29 to Stern
on
at
swimming
expense. A certified check
awarded
The
—
that
pool construction bonds.
«uu
was
Voted
states
July 15 the voters approved by a two-to-one
majority
the issuance of
$40,000
Bond Sale—An isSue of $140,000
school site and construction bonds
high bid
of 101.31 for 2s was made by J. A.
White & Co., of Cincinnati.
Bond
held
Hughes County (P. O.
Holdenville), Okla.
15, 1947 and due semi-annually on
Jan. 15 and July 15 from 1949 to
inclusive.
Bonds
corder
OKLAHOMA
basis of about 1.61%. Dated July
1973
Hood River, Ore.
Successful
of the bonds bid for, payable to order of the Commissioner
of the
Treasury, is required
•
'
own
Hayden, Miller & Co., of Cleve¬
land, as 13/4s, at a price of 101.60,
a
and
for 1%
sewer
—v.
1949
request of the owner.
bidder to obtain legal
Oxford, Ohio
595
County (P. O.
?
a
election
in
clusive.
of
.the issue.
■
A
17.
an
$100, payable to order of the vil¬
lage, is required,
Aug; 18, by C. D. Murray,
Village
Clerk,
for
refunding
bonds, dated July 1, 1938. Bonds
will be purchased at the lowest
noon on
'
1953 inch Interest
authorized at
were
Sealed
—
$6,500
$6,000
from 1950 to 1952 inch Principal
and interest (A-O) payable at the
Chemical Bank & Trust Co., New
York City. Coupon bonds
may be
—1
*— K~vw4° —00
exchanged for bonds registered as
to principal and interest at the
multiple of y4 of 1%. The bonds
Park, Ohio
Bond Tenders Invited
tenders
1948- to
lows:
July
on
J-J. Bidder may name a different
rate of interest, expressed in a
OHIO
Brock
from
1
payable to the City.
$1,500
bonds.1
J. M. Draper
states that the $15,000 street
improvement bonds sold to the
First National
Bank, of Memphis,
now
as
2%s,
at
a
price
of
100.916—
COMMERCIAL & FINANCIAL
THE
(516)
56
166, p. 207 — are due $1,000
from July 1, 1948 to 1962, giving
a
basis of about 2.61%.
Interest
v.
approved by Dumas &
bonds
The $75,000
—
July 29—v. 166, p. 208—
awarded to Nashville Secur¬
offered
were
Nashville, as 2s, at a
ities Co., of
of 100.56, a
price
basis of about
consisted of:
1.93%. Sale
$50,000 water works bonds.
on July
1 from 1950 to
Due
1962
inclusive.
and sewer bonds.
July 1 from 1948 to
street
25,000
Due
on
Harris County
1959 inclusive.
All of the bonds are
dated July
1, 1947.
Houston),
1-94, bonds
interest and bonds
numbered
each,
1-40 at 4%
Beaumontt
Texas
Due
cago
Bidder must agree
at .83%.
The
41-94
is stated by
at
and
water
sewer
McRoberts,
to
awarded
revenue
a
price of
less
rejected a proposed issue
000 fire station bonds.
Road District No.
and
of $65,-
1 (P. O.
approximately, but not
and accrued inter¬
was
&
the success¬
approving
attorneys
of
cost
the
election is to be
held on Aug. 5 in order to have
the voters pass on the issuance
that
an
$350,000 water bonds.
Crummer & Co., Inc.
Price Paid—The
166, p. 208, were pur¬
chased at a price
Los
of par.
Angeles Heights
School District
Water Control and
of
Dallas, as noted in de¬
Texas, of
tail in v.
Independent
(P. O.
Angeles), Texas
District No. 2
Bonds Sold—An issue of $350,Texas
000 school bonds was purchased
Bonds Voted— At the July 29 recently by the Robert Mclntyre
election the voters authorized an Co., of San Antonio.
issue of $7,000,000 water and sew¬
Raymondville Independent School
er improvement bonds.
Dallas County
Los
Improvement
(P. O. Dallas),
District (P.
Duncanville Independent
Sch. Dist.
Bond Sale
Details—The $42,000
equipment bonds
purchased by the Texas Bank &
construction and
of Dallas, as previously
noted in v. 166, p. 315—were sold
as follows: $7,500 2Vis, due from
1948 to 1962 inclusive; $4,500 3s,
due from 1963 to 1967 inclusive,
Trust Co.,
$30,000 3y2S, due from
1968 to
1977 inclusive.
El Paso,
Bond
Texas
Election—At
Aug. 23
the
an
Sale Details—The
Bond
$50,000
house
awarded July 17 to a group
ed by
a
proposals: $1,500,000 storm sewer;
$300,000 equipment; $150,000
street
improvement; $150,000
recreation facilities, and $100,000
to
place
All bids must be
ers.
bonds
head¬
school
A
series
to the
District.
the Ranson-Davidson Co., at
of about 2.92%,
Bond Call
Treasurer,
—
Va.
STATES
United States
Voted—At a recent
authorized an
Bonds
tion the voters
of
$41,000
York,
submitted highest
elec¬
issue
offers and was
awarded an aggre¬
construction bonds.
New
gate
lows:
of $12,887,000
notes, as fol¬
;
J. G. Kyle, Town
announces
Manitoba
that 3V2%
(Province
refunding bonds of 1937, Nos. 1 to
Bonds Publicly
149, dated Sept. 7, 1937 and due
Sept. 7, 1957, have been called for
payment on Sept. 7, 1947, at the
Town Treasurer's office.
of)
dicate composed of
Offered—A
syn¬
Fairclough &
Co., R. A. Daly & Co., Anderson
& Co., J. L. Graham & Co., Melady, Sellers" & Co., and the Bank¬
ers
Bond Corp., all of Toronto,
WASHINGTON
recently made public offering of
Pacific County Sch. Dist. No. 118 $3,507,000 2%% sinking fund de¬
bentures. Dated Aug. 1, 1947. De¬
(P. O. South Bend), Wash.
nominations $1,000 and $500. Due
Bond Offering — Ross Neilson,
the
bonds
and
interest;
said
annual levies to be made in excess
statutory or constitutional
limitations during the term of the
of any
Housing
Authorities Award bonds, shall be payable, both
previously noted in v. 166, p.Notes—As reported in detail in v.. principal
and
interest
at the
420—were sold as follows: $25,000
Treasurer's office. The
2%s, due $2,500 on Aug. 1 from 166, p. 103, a group of local hous¬ County
1948 to 1957 inclusive, and $25,000 ing authorities offered for sale on bonds shall run over a period of
July 29 a total of $31,105,000 notes. 15 years, said period of time being
3s, due $2,500 from 1958 to 1967
Comparison of bids revealed that (as near as practicable) equiv¬
inclusive.
a
syndicate of banks headed by alent to the life of the improve¬
Rising Star Independent Sch. Dist., the Chemical Bank & Trust Co., ments to be acquired by the use
of
:
MANITOBA
as
Texas
i
.
of
UNITED
net interest cost
election
the voters will con¬
bond issue
following
Raymondville),
Texas
Duncanville), Texas
(P. O.
O.
CANADA
VIRGINIA
Covington,
be made payable at the
designated by the purchas¬
submitted
on a uniform bid blank to be fur¬
nished.
The right is reserved to
County Treasurer,
will receive
reject all bids, or any part there¬ sealed bids until noon on Aug. 9
of, and any bid not complying for the purchase of $69,000 not to
with the terms of the notice of
exceed 6% interest school bonds.
sale will be rejected. The District
Denominations of not less than
will furnish the printed bonds, the
$100. Interest payable annually.
approving opinion of any recog¬ The bonds shall mature and be¬
nized market attorney of the pur¬
come
payable serially, in their
chaser's choice, and will deliver
numerical order, lowest numbers
the bonds to the bank designated
first, beginning the second year
by the purchasers without cost to after the date of issue, and in such
them.
It is anticipated that de¬
amounts (as near as practicable)
livery can be effected within ap¬
as will, together with interest on
proximately 60 days.
Enclose a the outstanding bonds, be met by
certified check for $980, payable
equal tax levies for the payment
are
$950,000 unlim¬
bonds sold as 2s, 2V2S and
2%s to
Texas
Election—The City Clerk
Bond
of
the
bonds; provided that Dis¬
right to redeem
trict reserves the
said
any
bonds,
or
any
of
them, at
time after three years from
thereof. The bidders must
Aug. 1, 1942;
callable
after
on or
1962. Principal and in¬
terest
(F-A) payable in lawful
money of Canada in the Cities of
St. John, N. B., Montreal, Toron¬
to, Winnipeg, Regina or Vancouv¬
er.
Legality approved by Man¬
ning, Mortimer & Kennedy of To¬
Aug.
1,
'
ronto.
I
ONTARIO
Peterborough, Ont.
Bond
Sale Details
Treasurer
—
states
now
The City
that
the
$811,000 bonds sold to the Bank of
Montreal, at a price of 101.29—
v.
165, p. 3336—were purchased
as
follows:
$126,000
1%%
bonds.
general
Due
on
hospital
June
30,
ia
1948 to 1952,
138,000
2Y4%
general
bonds./Due
on
hospital
June
30,
in
1953 to 1957,
336,000
2%%
bonds.
Due
general
from
hospital
June
30,
1958 to 1967.
30,000 1%% water works bonds.
Due on June 30, in 1948 to
1952.
•
33,000 2V4% water works bonds.
Due on June 30, in 1953 to
$11,512,000, 113th and 114th Se¬
— The City
ries, Chicago Housing Authority, name the price and rate of interest
1957.
»
:
states that the 111., notes at .89%, $707,000 Erie at which they will purchase the
37,000 2%% water works bonds.
fire station.
$280,000 bonds sold to Rauscher, Housing Authority, Pa., notes at bonds. No bid for less than par
Due on June 30, in 1958 to
.93%, $495,000 Pensacola Housing and accrued interest. Enclose a
Pierce & Co., of Dallas, and the
1962.
Erath County Road District No. 5
Fla.,
and
$173,000 certified check for 5% of the
Columbian
Securities Corp. of Authority,
23,500 1%% school bonds. Due
(P. O. Stephenville), Texas
Texas, of San Antonio, at a net South San Francisco Housing Au¬ amount of the bid.
on June 30, in 1948 to 1952.
,
Pre-Election Sale—An issue of
interest cost of about. 2.211%, as thority, Cal., notes at .94%.
26,000 2y4% school bonds. Due ori
WISCONSIN
$300,000 road improvement bonds noted here—v. 166, p. 316—were
Other Awards
June 30, in 1953 to 1957.
i
has been purchased by the Colum¬
Glencoe (P. O.
purchased by the said firms at a
R. F. D. 1,
The Bessemer Trust Co., of Jer¬
60,500 2%% school bonds. Duel
bian
Securities
Corp., of
San
price of 100.07, and are divided
Arcadia), Wis.
from June 30, 1958 to 1967.
J
sey City, was the successful bidder
Antonio, subject to the outcome as follows:
Bonds Offered
Edward Serfor $429,000 Bethlehem Housing
of an election being held July 26.
QUEBEC
$225,000 sewer bonds, of which Authority, Pa., $1,420,000 Mont¬ vais, Jr., Town Clerk, received
Floyd County (P. O. Floydada),
$70,000 are 2s, due from Feb. gomery Housing Authority, Ala., sealed bids until Aug. 1 for the
Port Alfred, Que.
Texas
1, 1949 to 1956; the remaining $587,000 New Albany Housing Au¬ purchase of $50,000 not to exceed
Bonds Sold—An issue of $160,Bonds Offered for Investment—
$155,000 are 2y4s, due from thority, Ind., $998,000 Newport 2% interest road building bonds. 000 improvement bonds was sold
Feb. 1, 1968. Interest payable
H..L. Shaffer & Co., of Amarillo,
Housing Authority, R. I., $1,444,- Dated Aug. 15, 1947. Denom. $1,- July 17 to A. E. Ames & Co. of
are
offering for public subscripF-A.
Due Aug. 15, as follows: $4,000 Paterson' Housing Authority, 000.
Toronto, at a price of 98.31, a basis*
tion
the
following
refunding
55,000 park bonds, of which $11,- N. J., $1,381,000 Portland Housing 000 from 1948 to 1957 inclusive, of about 2.806%, for $89,000 2%s,
bonds totaling $56,500:
000 are 2s, due from Feb. 1,
Authority,
Ore.,
and
$253,000 and $10,000 in 1958. Bonds were due from 1948 to 1962 inclusive*
1949 to 1956; the remaining Shreveport
$40,000 3% road and bridge bonds.
Housing
Authority, authorized at an election on July and $71,000 23As, due from 1963 to
Due on June 15, in 1958 to
$44,000 are 2y4s, due from La., notes at .85%, plus a premium 10. Principal and interest (F-A) 1967 inclusive.
Feb. 1, 1957 to 1968. Interest of
payable at the Town Treasurer's
1962, optional June 15, 1957.
$3 on each issue.
Richmond, Que.
office.
Legality to be approved
payable F-A.
16,500 3!&% road
and bridge
The Central Hanover Bank &
Bonds Sold—An issue of $90,bonds. Due on June
15, in
Denomination
$1,000.
Dated Trust Co., of New York, was the by the State Attorney General.
000 water works and sewer bondJ
1949 to 1957, inclusive.
Aug. 1, 1947. Legality approved successful bidder for $5,000,000,
Prairie Farm, Wis.
was awarded July 2 to GoeffrionJ
Dated June 15, 1947. Principal by Gibson, Gibson & Boothman,
114th
Series,
Chicago Housing
Bond Sale
The Town Clerk
Robert & Gelinas, Inc., of Mon¬
and interest.
(J-D) payable at of Austin.
Authority, 111., notes as follows: states
that
$7,000
Community
treal, as 3s, at a price of 101.77J
the State Treasurer's office. Legal
$1,000,000 at .85%, $1,000,000 at Building bonds were offered for
Tenaha Independent ScA. Dist.,
a
basis of about 2.866%.
Dated
approval furnished
by Gibson,
.86%, $1,000,000 at .87%, $1,000,- sale on July 25 and were pur¬
Texas
June 1, 1947.
Due serially froi
Gibson & Boothman, of Austin.
000 at .88%, $1,000,000 at .89%, chased by the Central State Bank
Bond Offering—Dana Williams,
1948 to 1977, inclusive.
of Marshfield, as 2V2S.
No other
Floydada, Texas
Superintendent of Schools, will $500,000 Erie Housing Authority,
Ste. Agathe, Que.
Bonds Sold—Crummer & Co., receive sealed bids until 8 p.m. on Pa., notes at .90%, plus a premium bid was received for the bonds.
of $9, $500,000 Wilmington Hous¬ Dated Aug. 1, 1947. Due on March
Bonds Sold—An issue of $125,Inc. of Texas, of Dallas, recently Aug. 7 for the purchase of $49,000
not to exceed 3% interest bonds, ing Authority, Del., notes at .89%,
1, $2,000 in 1948 and 1949, and $3,- 000 paving bonds was awardec
"purchased the following bonds,
and $500,000 Bethlehem Housing 000 in 1950. Principal and interest July 7 to L. G. Beaubien & Co.;
divided as follows:
aggregating $175,000, at a price of
Authority, Pa., notes at .85%, plus payable at the First State Bank of and the Bank of Montreal, both oi
par:
$41,000 refunding bonds. Due Aug.
a premium of $6.50.
Prairie Farm.
Montreal, jointly, at a price oj
20, as follows: $1,000 in 1948
$100,000 3y2% electric light bonds.
Salomon
Bros. & Hutzler, of
100.527, a net interest cost oi
to 1955, $2,a00 in 1956 to 1960,
Due serially from 1948 to 1962
Westby, Wis.
New
York, were the successful
about 2.824%, as follows: $54,10(
incl.
$3,000 in 1961 to 1967, and $2,Bond Offering—E. J. Evenson,
bidders for $1,253,000 Wilmington
2%s, due serially from 1948
000 in 1968., These bonds are
75,000 3V4% electric light bonds
Housing Authority. Del., notes at City Clerk, will receive sealfed
to refund a like amount of
Due serially from 1963 to 1970
bids until 3 p.m. on Aug. 5 for 1957, inclusive, and $70,000 3s, due
.89%, plus a premium of $23.
from 1958 to 1967, inclusive. Th^
outstanding and valid bonds
incl
the purchase of $30,000 2% sewer
The La Salle National Bank,rof
as follows:
Refunding bonds,
All of the bonds are dated June
extension
bonds.
Denom.
$500. bonds are dated June 1, 1947,
Chicago,4 was the successful bid¬
r
Series of 1942, dated June 10,
10, 19471 Interest J-D. Legality
San
Bond
Angelo,
Texas
the date
Sale Details
.
Manager
now
—
■
bonds
Savings
k
v
Athens), Texas
ited tax
Coleman,
sider
Trust
Bank, of Chicago,
than, par
Graham & Co., of San Antonio,
and B. V. Christie & Co., of Hous¬
light revenue bonds
electric
on
for the cost*of lithographed
ready for signatures and
pay
Harris
3y2%
Scheduled—The
est.
Bidders are required to name
a rate or combination of two rates
city will offer for sale shortly a
block of $3,250,000 various pur¬ ton, jointly, as previously report¬ with their bid which is nearest
ed in v. 166, p. 208—were sold as
pose bonds of an authorized ag¬
par and
accrued interest.
Any
follows:
$63,000 2%s, due from rate or rates named must be in
gregate of $6,175,000.
1948 to 1961 inclusive, and $87,000
multiples of Vs of 1%. Alternate
Coleman, Texas
3s, due from 1962 to 1967 inclu¬ bids are requested on bonds with
Bonds Voted and Defeated—At
sive.
option of redemption five years
the July 22 election the voters
from their date or three years
Henderson County Consolidated
authorized an issue of $300,000
from date.
Principal and interest
and
$620,000, 113th Series, Chi¬
Housing Authority, 111., notes
—
bonds
Offering
Bond
of
$1,500 from 1948 to 1967 inch
to furnish and
der for
ful bidder for $500,000, 113th Se¬
opinion relative to the legality of
interest pay¬
the bond issue.
able annually each year on ries, Chicago Housing Authority,
H. L. Washburn, County Auditor,
111. notes at .87%.
April 10, all optional 1 year
I
that an election is scheduled for
WYOMING
The American National Bank,
from date. These bonds have
Aug. 23, to have the voters pass
of
Chicago, was the successful
Carbon County (P. O.
been called for redemption on
on
the proposed issuance of the
bidder for $700,000, 113th Series,
Rawlins), Wyo.
Aug. 19, 1947, and $1,000 in
following bonds aggregating $11,Chicago Housing Authority, 111.,
Bond'Sale
The $35,000 Fair
principal will be retired and
500,000: $2,500,000 Navigation Dis¬
notes at .87%.
Grounds bonds offered for sale on
the balance of $41,000 refund¬
trict, and $9,000,000 road improve¬
The
Corn
Exchange National July 24 — v. 166, p. 316 — were
ed as indicated above.
ment bonds.
Bank & Trust Co., of Philadelphia,
awarded
to
the
First National
He reports that no bonds will
8,000 school house bonds.
Due was the successful bidder for Bank of Rawlins, according to the*
$1,000 on Aug. 20 from 1948
be offered for sale
until early
$782,000
Philadelphia
Housing County Clerk. Dated July 1,1947.
to 1955 inclusive.
Fall of this year.
Authority, Pa., notes at .82%.
Due on July 1, in 1949 to 1960.
All of the bonds are dated Aug.
The Credit y Ahorro Ponceno of Second best bid was a joint offer
Harris County Water Control and
20, 1947. Denomination $1,000.
It Ponce was the successful bidder submitted by the Stock Growers:
Improvement District No. 2
is the intention of the Board of for
$1,350,000 Capital of Puerto National Bank of Cheyenne, and
(P. O. Houston), Texas
Trustees to sell the bonds at the Rico
Housing Authority notes, at the Casper National Bank, Casper.
Bond Sale Details — The $150,lowest interest cost that will bring .70%.
000
states
4,1947
^
TEXAS
,
(P. O.
Bond Election —It
Tenn.
Lewisburg,
Sale
an
Texas
payable J-J.
Bond
1942, $42,000 outstanding of
original issue of $47,000, in
the
denomination
of
$500
Huguenin
of Dallas.
Monday, August
CHRONICLE
'
—
"
1
mrndsmm
,
@FedFRASER