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AUG 7 MONDAY NO* «►** 1944 'aland. ommetciaL an Reg. V. Volume 160 New Number 4305 S. Pat. Office General Corporation and RAILROAD PUBLIC UTILITY - The Brill between merger 6 Months Ended June 30— Car & Foundry Motors Co. and The according to Charles J. Hardy, surviving corporation, ACF-Brill Motors American ♦Consolidated Corp. becacme. effective on Aug. 1, of the Chairman CO.—v. 160, ; board of Federal Period End. June 30— Oross Net 18,779,820 873,172 160, p. for $1.50 Federal taxes on in Industrial Chairman charge of board Elected— previously associated with Beneficial of bank relations, has been elected Kincaid, directors.—V. American i income Malcolm in contingencies. and A. reviewing The 158, 1341. p. Encaustic Schweiker, certain note of Co., Inc.—Note Tiling in the occurrences Retired— letter to stockholders, in 1, Aug. Pres., said affairs of this company: Pottery Co. to this company, 'secured by a first mortgage on its plant at Zanesville, Ohio, has been paid in full by Shawnee Pottery Co. ' ' :•*■■ Under the terms of such note and prior to Its payment, this com¬ pany had an option to purchase up to 80,000 shares of the capital <stock of Shawnee Pottery Co. at $1.25 per share; but prior to the 321. 32,914,061 1,724,913 37,560,725 1,918,922 17,942,034 966,354 provisions $255,703 $0.85 the of L. Corp., • *• : ! Loan 1,191,000 share-. common tRevised.—V. $24,459,240 $23,781,287 $48,744,595 $44,609,831 amort 1,305,000) 118,000J . Enoch $1,446,703 $449,611 taxes contingencies per ♦Before expenses & Deprec. 1944—6 Mos.—1943 : 4 1944—3 Mos.—1943 etc. counts, Operating profits excess MISCELLANEOUS - American Business Credit Corp.—Chairman tl943 1944 $1,872,611 - income Earnings ciis** less StilCii for \4... •••;: income P..0';v,vv! Air Reduction Co., Inc. (& Subs.)—Earnings— : net income & Reserve J 425. p. the INSURANCE - American Barge Line Co. (& Subs.)—Earnings— r,;' ACF-Brill Motors Co.—Merger Effective— Copy a In vestment News INDUSTRIAL - 60 Cents Price York, N. Y., Monday, August 7, 1944 $125,000 owed by Shawnee . i operating income Net . Other Net $4,713,066 $4,966,081 $9,264,948 $9,970,857 39,089 (less income 338,037 83,170 366,959 in¬ In charges) come income $5,304,118 3,319,746 3,588,606 6,485,495 income Net Com. 6,891,671 $1,432,409 ^ shrs. outstdg per share $1,715,512 2,713,337 $2,862,623 $3,446,145 2,713,337 $1.2701 Earnings —V. 2,712,941 $.5280 2,712,941 $1.0551 $.6323 Stock and Bond .'-VT-;vNew York Net from from railway. Boston Ry.—Earnings— 1941 Net from Net ry. Chicago Stock Exchange 1943 1P42 $270,929 80,078 $271,704 116,532 Cincinnati Stock Exchange 50,995 53,674 39,106 - 60,288 Exchange • - Cleveland T 805,582 income l., '....• ' . 'i1 ^ ■ '<• *' ifcvfs , ;;V^:vv;.v'' : *'' ' v ~ +' Gross . income Net • Divs. 9,256,161 $598,366 $7,439,996 258,440 3,193,455 $324,081 $339,926 $4,725,697 2,268,986 $2,456,711 189,082 - 189,082 $4,246,541 2,268,986 $134,999 —— $150,844 $1,977,555 —V. 160, p. [.'■* Earns, chgs., etc. com. share-.. per ♦After taxes providing and for tAfter contracts. and / H. G. tinue to the figures give effect to credit a for j Batcheller, President, be pressed overall reducing income and excess profits of renegotiation of war Combined account 10% 563 that explained departments fcion, on some types of production.—V. 159, p. June At 30. the lantic crossings the ocean 403 Domestic miles, the six More January More four of and increased has more this revenue more than million two than year have been express miles during passenger period of carried by American Airlines it did the In same 1944, than In the corresponding months last 15 Vz million pounds of mail, an increase of over pounds, were flown up to June of this year, while ex¬ have risen from 9,310,690 pounds carried to 9,708,444. 426. p. dividend value This of compares year. and June In 1, cents stock, common this 50 with 1943, 25 share has per payable 25 cents the cents Sept. per to 1 share following each; 23, $1.50.—V. 158, p. 1341. Sept. been declared holders paid on distributions 1, 50 cents; of on record March 3 were Dec. the Period End. June 30, '44— 2d Quar. Company Consol. $833,974 $1,198,460 Depreciation 66,356 80,998 par 18. June made: March 1, and $1; in proportion been sale, for cash, Div. from Total sub. foreign 'v' Other deductions Pfd. div., $1,972,416 37,416 21,406 57,548 $1,154,878 $1,536,984 59,238 91.200 Prov. for 46,862 inc. & 1, 3 Dec. Profit ♦The for are Is engaged in the manufacture of tile, for Encaustic Tiling Co., Inc., is to continue in its present any change in the kind or amount of capital retains ownership of its leased property at Amboy, N. J. Its principal office Is to continue at 101 Park American Perth Cr60,514 1,061,000 Cr87,000 1,408.333 0109,072 *$350,633 $503,746 its $335,117 Tile without 159. p. 'is any Co:, continue to in the Inc., change is to continue with its present corporate in the. kind or amount of capital stock and it will continue outstanding, V. Co. change any Olean The 'form *$617,303 Cr47,000 " r : ' in its present corporate form kind or amount of capital stock out¬ principal office is to continue at Lansdale, Pa. Tile Franklin without its plant at period results of operations of the subsidiaries have been in¬ cluded in the consolidated statements at the official rates of exchange. The above British figures do not include subsidiary for the month foreign the results of June.—V. of 159, operations 1965. p. The entire owned, as follows: by Franklin Tile and The Olean Tile Co., Inc. Ave,, New York City. 22,200 799.150 Encaustic Tiling Co., Inc., Inc., is to be paid by each the amount of sales. corporate form without stock outstanding and excess 589,000 to used standing. 18,747 taxes { may the Navy, Army and private contractors, and in¬ principally for the insulation of ship engines for Maritime Commission, and it is preparing to manufacture certain parts $2,029,964 123,252 foreign sub... as and the manufacturing plant of Americanat 9th St, and Keniiworth Ave., Lansdale, Tile Co. block 4 132,711 28,346 ... dividends provided for American-Franklin-Olean Tile Co. by of newly Issued stock to American Encaustic Tiling offices executive The the $1,392,326 $905,463 such acoustical products, $1,117,462 123,252 income fee to be paid to Ameri¬ Its plant and services; by The Olean Tile Co., Inc. Co., and 2% 569 14.593 income.. of capital stock of American-Franklin-Olean Tile Co. is by American Encaustic Tiling Co., Inc., 49% $767,618 Miscellaneous a for '49% Consol. $2,133,712 161,296 —__ Balance use profit and The Olean Tile Co., Co., Capital has 6 Months Company $1,525,037 the of the manufacture of unglazed tile at offices are also located.-y- Olean, N. Y., where its principal 2074. : r American Forging & Socket no Aug. and for source Co., Inc., Franklin Tile Co., American Bank Note Co.—Interim Report— Est. post-war refund American Arch Co.—To Pay 50-Cent Dividend— A Co. the selling products for American of Tile companies sulation profits . Tile be machine v include manufacturing shall will fee Pa., at which place the company Earnings 14,770,437 flown up to midnight of June 30, million such -the June, to figures 160, 32 its crews flew across year miles. than million —V. flew mail 1943. from press mileage total of a months year. 1,495,939 or revenue reaching first end month, and in June of this a times, American 1944. 1,717 transatlantic flights between Jan. 1 and of 1943 American was averaging 150 transat¬ such The cost of in Business made crews : upon1the stock of American-Franklin-Olean Tile Co. owned by Encaustic Tiling Co., Inc., Franklin Tile Co., and The Olean Tile Co., Inc. July Airlines ^ , into agreements with and between AmerFranklin Tile Co., and The Olean Tile Co., American of ican Tile Co. of Franklin-Olean Operating figures for the first six months of 1944 were reported 28 by American Airlines, Inc., showing increases in every phase domestic business and a new high in the number of transatlantic ilights operated under contract to the Air Transport Command. Amer¬ sold Franklin be paid 547 ... 1937, Tiling Co., Inc., by can-Franklin-Olean -and 547 Stock and Bond Averages—....... 1965. Tile cost The 569 547 Auction Sales American Airlines, Inc.—Reports Increase since been, ceases Franklin Transactions New York Curb Exchange for production of steel for the war but added that considerable change in demand is taking plape, equally company has entered Franklin of of Members Banks System have „ 569 Transactions New York Stock Exchange.... con¬ picture volume Reserve •.! company company, Federal of . Statement Federal , most Statement this of whereunder, among other things,-, the equally owned sales American-Franklin-Olean Tiles, Inb., a Delaware corporaoperations as of Aug. 1, 1944; ahd thereupon all its sales activities, personnel, sales* offices,, warehouses, etc.,, are being taken over and operated by American-Franklin-Olean Tile Co., a Pennsyl¬ vania corporation. In addition to sales activities, American-FranklinOlean Tile Co. will manufacture tile, acoustical and other products, -equally, for American Encaustic Tiling Co., Inc., and Franklin Tile Co. i' The cost of manufacturing such products for American Encaustic Tiling Co., Inc., and Franklin Tile Co. Is to be paid one-half by each of such companies, and each of them is to receive one-half of the amount received for the sale of such products. Whatever profit or 'loss may result from such combined manufacturing operations is to be shared or borne equally by American Encaustic Tiling Co., Inc., and 560 Banks Condition profits excess - Condition Reserve business. war refund. tax in Federal on provision for Federal income and excess profits taxes renegotiation of Note—Above for refund $1.24 $0.76 $0.65 $3,143,970 estimated $1,943,062 $1.46 $1,006,927 t$l,665,175 *$865,065 which Inc., yCo., • ' 529 573 Redemption Calls & Sinking Fund Notices. 588 Dividends Declared and Payable 565 The Course of Bank Clearings —564 Foreign Exchange Rates 569 1944—6 Mos.—1943 1944—3 Mos.—1943 aft. inc. products owned This State and City Bond Offerings and Sales Period End. June 30— Net war in V... v'. tile [ ican-Frankliri-Olean Miscellaneous Features Allegheny Ludlum Steel Corp.—Earnings— thereto, ■[Pacific war. General Corporation and Investment News. 1. can prior American Encaustic .'Tile Co., and The Olean Tile Co., Inc. ' Balance effort. continue the lease until March and 580 Over-the-Counter Markets v Co. for the company ends The 565 :,f Toronto Stock Exchange—Curb Section this at through American-Franklin-Olean Tiles, Inc., a sales company operated ...—.— $7,848,877 3,123,181 pfd. stock on ' ■ 559 St. Louis Stock Exchange d 560 & Montreal Stock Exchange_.._ij:^.£.^-.--^i 562 Montreal Curb Exchange.. 562 Toronto Stock Exchange 560 3,093,600 8,932,973 255,609 $579,690 deducts. other and 3,235,200:- 751,400 765,865 Pottery and consequent inability to antici¬ of this company, it was considered time, the option to purchase stock of period, war requirements Under the terms of the lease, 1, 1946, unless the event this company can regain possession of the plant upon two months' notice. At this time It "appears fairly likely that the Perth Amboy property will be in use for the manufacture, of war products until or near the end of the v 11,890,400 -": 8,729,999 879,395 '273,600 > ' 265,600 income Gross Int. it, 914,977 l__ expenses for dCPieciation^i .:; Prov.r"'idr Taxesl-v.__—Prov. the exercise, such (For July 31, Philadelphia Stock Exchange.-....;. to facturing products 559 .... after financial previously reported, this company's property at Perth Amboy, J., is leased to Titeflex Metal Hose Co., which Is engaged in manu¬ 'war Pittsburgh Stock Exchange..,—-.——-.. 560 $2,494,762 $31,498,568 $28,928,638 $2,534,133 revenue Operating Stock Exchange 1944) \ i* Stock Exchange. Los Angeles p 1944—12 Mos.—1943 1944—Month—1943 Period End. June 30— l ' v 'i ' 538,373 295,699 962,474 529,204 406,566 , agreement was entered into with Shawnee option was extended to Dec. 31, 1945. conditions which are expected to exist an uncertain As N. 558 — and the Shawnee v 558 Los Angeles 1,489,160 634,686 369,565 1,601,035 2,207,788 Alabama Power Co.—Earnings— / Stock . Detroit Stock Exchange. 2,275,038 note the of inadvisable 557 558 Exchange 113,335 railway p. Stock during 552 557 Exchange 111,099 __ railway oper. —v.-160, Stock $332,632 From Jan. 1— from (Stocks) New York Curb Exchange 1944 — view pate Page 537 548 (Bonds)-. $364,012 Net ry. oper. income Gross Stock Exchange Baltimore Vvv> ;[ railway June— Gross Quotations *-V"*• New York Stock Exchange 100, p. 1. Akron Canton & Youngstown such of payment In $9,348,118 $10,337,816 $4,752,155 - Issue Pottery Co., whereby such Proy, for Fed. taxes on income This of the The directors the on common on Co.—12V2-Cent Dividend cents per share to holders of record July 27 declared a dividend of 12 Va stock; par $1, payable Aug. 30 A like amount was disbursed on March 1 and June 1. and on Sept." 1 and Dec. 1, 1943, the first payments on the stock 1941.—V. 160, p. 217. ' Aug. 19. *l!ii Banks, Corporations and Individuals have found us an effective market place for large or small - BLOCKS of SECURITIES :; which are not readily marketable. INQUIRIES INVITED l , w HILL, THOMPSON & CO., 120 Broadway, New York 5, N. Y. INC. last, since Period End. June 30—. has company provide Power for stockholders to. receive 12.67 %• of the common • . . - Inc.—Earnings— Net sales 8,658,910 6,712.252 $1,393,611 $899,759 $2,190,055 $1,667,558 <225,493 179,446 121,435 122,254 364.048 240,976 304,617 230,420 $988,666 Sell. & adver. $656,070 $1,196',161 16,881 13,678 $1,521,390 29,372 exps Gen. & admin, exps Operating profit — . $L00$(547 Total' income . $669^748 791 Cost k 438-,000 1,144,400 1944 - $7,177,402 4,956,604 fProv. $4,667,659 2,631,182 Net profit $235,438 ' *$0.69 A. profit per share 33,567 - stock outst. $2,382,005 967,471 $2,220,798 903,157 $2J036,477 852,300 share———.—— $2.46 $2.46 $2.39 number of shs. of Aver, Earning^ per vision curtax Expansion—Forms Two Sub¬ Prepares for Overseas sidiaries to Handle Exports— As +ProFederal income, charges. interest and other for foreign income and profits taxes and for and excess profits taxes.depreciation, deducting •After major a has formed the United two w new July 31 by Waiter F. SilberThe new organ¬ the direct super¬ Vice-President in charge of the corpo¬ it was announced on States, sack. Executive Vice-President and General Manager. izations, which started operations Aug. 1, are under Donald of vision ration's Townley, C. other Asia, Australia, New Zealand, South Africa and parts of the present time the companies are focusing on Latin Europe, at America." organizational structure of Home Products International, Ltd., four operating divisions—The Kolynos Division (denti¬ Boyle-Midway Division (household products), Affiliated Products Division (cosmetics), and the Packaged Drug Division.The provides for frices, etc.). elected Secreta#£ and General Counsel of the corporation, according to an announcement by Alvin G. Brush, Chairman of the board. 7 * > ' Mr. Brown will be in charge of legal matters for the parent com¬ H. Thomas has Jr. Brown been add Its many operating subsidiaries.-W. pany ♦580,000 50,000 75,000 ——; $143,812 $0.65 $255,101 $197,381 $0.89 $282,227 $1.27 Net income $1,668,989 53,474,161 127,763 268,499 income and Report— 1944. at 105 and int. In order to effect this redemp- Corporation called for redemption on June 30. rll of the $7,938,000 5%% debentures. corporation arranged for an 8-year loan of $6,000,000 at the rate of 3'A% per annum with the Bankers Trust Co. and a 10-year loan (ion, with the Adams Express Co. The balance of the funds necessary to effect the redemption were taken from the corporation's treasury. Annual interest costs on the .new loans aggregating $7,900,000, amount to $275,750, which compares with $436,590 of annual interest requirements on the 5Va% debentures just the rate of 4'/4% at retired. : and 8, taxes 48,550 102,120 204,008 224,379 429,310 % 441.001 I 1,926 1,592 3,890 265,463 3,420 297,350 $598,509 invests. 531,522 188,469 2,461 income Net $1,045,860 Earnings —V. ^$0.69 $0.41 share per 1966. 159, p. The loan payable to ing June 30, dated May per annum Bankers Trust Co. is evidenced by a note matur¬ subject to the provisions of an agreement which minimum payments of $135,000 on 1952, which is under 1944, 5, principal are to be made on June 30 of each year beginning and possibly earlier payments may be required: (a) based on a fixed schedule, if the net assets of the corporation (at market value) increase to certain specified amounts, or (b) based 'on net income, if such net assets fall below 150% of the then principal amount of the note. The note may be prepaid in whole or in part at any time. The loan payable to The Adams Express Co. is evidenced by a nonnegotiable note subordinate as to principal and interest to the loan from Bankers Trust Co. Except with consent of Bankers Trust Co. or in event of default under the agreement of May 5, 1944, respecting the above mentioned loan of $6,000,000, this note is payable in semi¬ annual Instalments of $19,000 each from June 30, 1946, to Dec. 31, 1953, inclusive, the remaining balance of $1,596,000 maturing on June 30, 1954. After the loan from Bankers Trust Co. has been paid in full, this note may be prepaid at premiums ranging from 2% to lA % of the principal amount prepaid. account of in Additional 1947. $0.96 ' Total Account Months Six for June Ended 30 Interest 1943 1942 $349,043 27,084 receiv. 1,800 V accrued interest income dated 12, Aug. .Court. Interest debs. on & $377,927 wise 79,298 will it June 217,848 241,823 of holders to cents 20 of per record share June Comparative It ($200,000) stipulate, stated is is bonds in dividends California in for in its utility of Montana Allied Included the in have 4'/2% been called collateral y Bankers Trust Co... loan, Adams Express 20-year payable Other for ____ __u___ securities v purchased, payable jand __ __ Capital accrued $7,938,000 —_— not surplus taxes 227,810 96,546 & 15,048 1.000,000 _____ surplus Earned ______ 4.624 stock 17.463 - 1.000,000 2,531,186 * -V. 159, 2,531,186 7,039,105 7,478,898 $18,581,885 $19,197,981 P. 2410. in Co.—To Reduce radiotelephone overseas and to Argentina, Brazil, lowered generally beginning service will be Haiti an announcement by this company on July 25, reductions have been made since this service was first to such for rates 1930. •> j week-day three-minute a call between New York and point in Argentina, Brazil, Qiile and Peru are to be decreased by $3 and will be $12. Between New York and both Colombia and Haiti the charges for such a call will become $9. j Certain reductions have also been made in the overseas radio¬ telephone rates to Puerto Rico from about one-third of the 48 States., an example of the reductions, the rate for a three-minute day call between Washington, D. C., and Puerto Rico will become $7.50, a decrease of 75 cents. all 1, p. countries above the lower rates apply Sunday and 160, p. 426. on also lower lates at night.—V. Rico there are American Utilities Service Corp.—Extension— order Called— company proposed its to days in which to amend its plan.— American Water Works & Electric Co., Inc.—Output- sion .V. cash by •> - an extension until Sept. 5 to file recapitalization plan to comply with ari of the Commission dated June 21. 1944. Originally thd Commis¬ granted has SEC The amendments structures 1944, of for Puerto had given Power the company 30 114. 160, p. i output of the electric properties of this company for July 29, the week 1944, totaled 83,199,000 kwh., an increase of 5.12%. of 79,147,000 kwh. fo.- the corresponding week of 1943. over the output —V. 160, p. 426. $700,100 1, 2246. Anaconda Copper Mining Co.—50-Cent f, Dividend— ; The directors have declared a dividend of 50 cents per share ori capital stock, payable Sept. 11 to holders of record Sept. 1. A similar distribution was made on! March 27 and June 26, this year. In 1943 the following dividends were paid; March 29, June 28 and Sept. 27, 50 cents each, and Dec. 20, a year-end of $1.—V. 159, p. 2074. $9,682,363 Fed. for inc. United States) ., 1943 1942 1941 $7,657,523 $4,880,690 $5,416,009 . taxes and Andes Copper Announcement profits taxes__ excess the 1944 Federal before inc. 7,390,000 5,268.000 *2,725,000 2,145,000 •company income Net per $2,292,363 — share. com. •Includes an - ' additional $2,389,523 $0.21 reserve of $2,155,690 $0.20 * $0.22 $3,271,009 $0.31 Michels Mr. this the first six Note—During in 1943 in the reserve months of dividends received 1944 from to $201,391, as compared with $417,471 1942. No part of these dividends is included subsidiaries amounted foreign and $351,584 in foregoing statement; but the amount thereof will be held as a until the operating results of such companies for the full year shall have been determined.—V. elected were has the of for increase of in its $185,442 over 1942. less reserve but before Federal income taxes, was $2,083,521, an increase of $228,285 over 1942. After providing $675,000 for Federal income taxes, net Total underwriting profit aa4 investment income, increase of $153,285 over 1942. The appreciation in value of securities, together with other surplus adjustments, amounted to $706,654. Dividends totaling $750,000 were declared on the company's capital stock during the year, leaving operating $1,365,175, income was $1,403,521, which was added to surplus, bringing the company's 1943, to $8,368,811. ' level at $35,092,057 previous year,—V. as total * ^ established a new high compared with 4310132,?95 at the close of the assets, of the 159, p. 1966 of the years many companies of this ■ Rcdolfo who Michels. is recently a • . • . been a director and general repre¬ at Santiago, Chile, and will retain position. Don many directors resigned as * Ambassador .• from mining engineer by profession, and has years' experience in the mining industry in South America, par¬ ticularly in the Republic of Chile.—V. 159, p. 1547. A. (111.)—Plans Refinancing— Eastwood, President, said: "The company has tentative plans for the refunding of its outstanding $76,000,000 of first mortgage 4% bonds and its series D 3Va% bonds for the final purpose of reduc¬ ing interest charges and extending maturities, thus effecting further improvements in the company's financial structure. Banking interests tentative plans have been discussed have expressed a belief with whom that present conditions in the money market indicate jectives could be accomplished at that such ob¬ this time."—V. 159, p. 2074, an surplus as of Dec. 31. admitted meetings Vicc-Piesidents. Chile to the United States, George annual report to stockholders, shows net premiums written of. $13,252,399 during 1943, the largest in its history, company, at 159, p. 1966. American Surety Co.—Results for 1943— The that made above Armour & Co. ) Mining Co.—New Vice-Presidents— and the Chile Exploration Co., subsidiaries of the Anaconda Co., held on July 27, John R. Cotter and Rodolfo Cotter sentative $545,000. was Mining .Copper Total Total due Oct. subsidiaries its 6 Mos. End. June 30— Net an 1,900,000 always the 211,729 ■ not alphabetical alphabetical any 15,818,526 _ .... redemption as of Sept. trustee, 46 Wall St., New York, N. Y.—V. 158, $6,000,000 __ incl' unclaimed matured interest- accounts expenses Common >. Co._______________ 5 Vz %debentures Amount int. The 1953, at 100 and interest. Payment will be made at The Commercial National Bank & Trust Co., 1,066 $18,581,885 $19,197,981 1 loan, for is it Telegraph & established with South America in holding.company system. the is bonds trust reasons , Telephone according Several For American Railways Corp.—$700,100 of Bonds 9,555 15,714,816 4'A% American transaction possible. as Colombia Peru, 1, Aug. ending 38.410 P-> 209,111 Machinery Co W*% the of for Rates Chile, contem¬ plated that Montana will use the $10,000,000 cash that it is to receive in the redemption of debentures held by American—V 160 p 426 ; Accrued American adjustments. payment of $650,000 in Glacier to American for notes held by the latter. It is also 2,000,000 1,076 Liabilities— plus business and to further simplify the corporate and mechanical to arrange companies in exact However, they are always as near Overseas Rates- to pay and $1,205,710 1944 1946-1949; $500,000 in 1950.—V. 159, As $10,000,000, will turn, in of $250,125 notes tax Treasury position transactions will enable Montana to divest itself of its indirect investment in oil production properties which are not required $1,118,695 other.— S. tDue $130,000 annually Supreme if'so Dec. 31, '43 55,396 . _—_____ received S. The proposed Earns, sold, not deliv. securities Total U. its subsidiary, Montana Power Co., $10,000,000. plus adjustments, for "owned securities of the Glacier corporation." Under the terms of the agreement gas properties of Glacier will be conveyed to Montana. — > V' 600,000 ccst at for securities receivable, Investment Other the asked the SEC to approve the sale of the oil properties of its subsidiary. Glacier Production Co., to the Union Oil of $8,673,8115- ■■ To Sell Oil Properties— American, 1,874,527 2,149,541 - NOTE-—For The company recently distributed $2,001,486 obligations, and interest Amount receivable Accounts was U. 1943. possible dissolution. Co. : -$11,976,333 order. present a 110.531 1,020,000 150.000 3,778.615 758.734 : shares, no par) (221.062 surplus •Less filing that the proposed retirement of necessary step for compliance with the order the in 1,020,000 200,000 3,778,615 758,734 L contingencies agents for Amer¬ as . June 30, '44 Government Accrued > Balance Sheet _ S. by 295,651 259.855 p. 2186. permitted by order of the Commission, requests that in the event of approval of the plan the apply to the appropriate U. S. District Court for its debenture of $143,253 $56,807 1944. 16, Assets— Cash U. > 265,492 404,669 ..Total enforcement. 252,349 _ $98,534 dividend 28 invalid * ; ;__ surplus in _—i—' 1—: stock Common the approval of the issuance of the to $425,897 600,000 etc commissions, — Capital American 85,262 Operating income Note—A held be $8,673,811 $2,600,000 199,282 — taxes Earned Commission $480,864 87,451 expenses loans_ contracts- war for Reserve non-transferrable certificate which will the debenture bonds upon the payment . $11,976,333 - payable tNotes payable (insurance company)- of debenture bonds American required by this Commission at a non-transferrable cer¬ tificates, to set aside in a separate fund the principal amounts paid to American upon reinstatement of debenture bonds and to employ such fund only for the retirement of debenture bonds unless other¬ that condition Prov. on should 1942, " ' ' 34,000 1 —: payrolls, •Accrued the event of any reinstatement In 2,716,132 74,593 39,000 - Dividend American Radiator & Standard Sanitary Corp.—Earns. $403,834 __ _ other and and will, the retirement date, to (And Total * _j'__ on of principal amount plus accrued interest from the last preceding semi¬ annual interest date in the event that the order of this Commission, 1,800 - >—_ Liabilities— Accrued the following proposed 14 on and retire 2,713,239 107,509 reserve) • Allied from (less investments Advance 32,309 Machinery Co. of America Operating 14— cancel $34,445,500 of its gold debenture bonds. 6% series, due 2016, and $3,408,400 of 6% gold debenture bonds, series A, due 2022, issued by Southwestern Power & Light Co. and assumed by American by depositing with the trustees under the respective agreements underlying the debenture bonds their principal amount plus interest to the retirement date which is de¬ scribed in the plan as the 30th day after the entry, on application of the Commission, of an order of an appropriate U. S. District Court enforcing the terms and provisions of the plan. Interest on such debenture bonds will cease to accrue on the retirement date. (2) From and after the retirement date and upon surernder of the debenture bonds to the trustees, such trustee will pay to holders thereof the principal amount of such debenture bonds and unpaid will American (1) $448,555 34,139 1944 ■>:./■ v __ _ _ __ Compensation hearing Aug. will hold a SEC The —— profits taxes excess payable "Accounts "payable transactions: of $367,894 •'. :■, Dividends of Federal refund Post-war *' /*'■'*•.* American Power & Light Co.—Hearing Aug. There Income 2,539,013 —; Notes V 28,204 2,656,741 $1,376,086 $0.24 contracts war 67.035 $519,809 . $1,737,142 85.985 1,341,014 1,677,952 254,264 3,535,110 receivables Land, buildings, machinery, equipment (lestf de¬ preciation) Prepaid and deferred expenses 6.434 146,576 1943 C - Tooling, preliminary and preparatory costs on 708.488 interests of 1944 $1,019,701 90,545 value, life insurance-— accounts receivable, less reserve Customer Other 378,370 3,648 174,372 342 136,576 262,974 Write-down Sheet, June 30 - Cash surrender 836.576 646,773 289.543 1942, "reserve 30, June Inventories res; - ' Assets— 95,718 Depreciation Minority 255.334 inc. conting. months ended six $4,168,690 . 51,479 339.239 for the for shown in amount of $165,000. This contingency created largely to provide for an increase in 1942 income Comparative Consolidated Balance — Depletion Prov, statement was Cash — foreign and $475,000 in 1942 1943, then anticipated. Subsequently, tax rates for the year 1942 were substantially increased. Accordingly, $90,000 of the "reserve for con¬ tingencies" has been transferred to "provision for Federal income taxes" in order to reflect the proper comparison. em¬ ployees' annuity plan Taxes, other than inc. taxes $1.15 in $470,000 1944. profits tax. excess the in $183,000 taxes 1.436,826 ' - . share per com. exps., gen. under Payments states of $1,900,000 ——_ Earns, 1944—6 Mcs.—1943 $2,403,475 $2,751,864 etc. 208.000 *575,000 conting— for contingencies" was 125,694 Total Admin, $529,381 , 30.137 . 9.017 50,000 In I,p70,686 13,604 *291,000 present $1,895,118 L , $890,060 24,075 10,460 More Owned) or . 44,395 Reserve lor $$1.07 ■ 1944—3 Mos.—1943 $1,074,876 $1,330,150 820,242 338,838 Period End. June 30— Profit Other income (3) 159, p. 2626. American International Corp.—Semi-Annual * charges Est. prov. for Fed. inc. •Includes ican. deliver to such holders a entitle the holders to reinstate New Official Elected— * 7,481 ' notes payable— on reserve Home Products International, Ltd., of which President and Elliott Warburton, Vice-President, will handle export sales of the corporation's food, household, cosmetics and packaged drug products. x Heretofore the overseas sales of American Home Ptcducts were handled by the export division of The Kolynos Co., which is now a part of Home Products International, it was stated. In making the announcement Mr. Silbersack said: "Prior to the war 'the parent corporation was active in more than 100 foreign markets. "Today we have our own operating companies in six foreign countries in addition to Canada, and. although operations continue in Great 33ritain, - ',38,000 '—24,596 < 31,426 ; 25.758 38,577 43,125 30.738 *: received— Sundry for company, is $472,885 $906,430 20,973 5,356 ■'int. of this company. Townley $815,509 36,893 , The $805,257 adj., refund divs. & Miscellaneous Wyeth International, Ltd., will export pharmaceuticals, biologicals, nutritional products and vitamins produced by Wyeth. Inc., and other American Home Products subsidiaries. Robert C. Hodgman .Mr, 106,678 $495,292 profit- 4,486,768 $539,667 Ltd.—Earnings— American Metal Co., One company, is President operating income division. foreign 749.250 107,848 income fBased on 230,143 shares outstanding. financing. tBased on 273,800 shares.—V. 160, p. 218. U. toward its post-war expansion, this corporation companies to handle all its export business from step 697,730 Sundry $300,582 $1,36 * shares to be outstanding at conclusion of 342,250 •Based on t$0.65 (Including Subsidiary Companies 80% earnings net Consolidated 578,144 130,713 taxes Net for income and profits taxes— for taxes excess $4,400,553 3,071,740. .1942. Int. $1,221,035 . 2,453 * 918,000 $372,795 743,400 Res/ (taxes- & ^renegoj 1942 $7,142,296 4,760,291 Months Ended June 30— 6 $6,756,460 5,135,374 148.987 sales of Renego'n American Home Products Corp. (& Subs.)- -Earnings •Profit before prov. 1941 $6,000,881 485,522 _____ Selling and admin, exp. ProV. for depreciation. Net 24,874 v $1,550,762 8180,95? -26,709 deductions Other company's common stock. This is higher than the allo¬ cation favored by the SEC's public utility staff and by representatives -of the company's debenture holders and present indications are that a compromise allocation somewhere between these two levels may be worked out.—V. 159, p. 2625. . 1942 Total Other income reorganized 1943 allowances and $8,379,81]) 3,761,622 4,692,938 sales profit on Gross . de¬ depict.) & preciation < 1943 „ Gross sales, less returns $4,661,381 $10,848,965 $6,0§6,549 - (incl. sales of Cost Subs.)—Earnings— 1944 $6,015,687 4,885,886 6 Mos. End. June 30— 1944—6 Mos.—1943 1944—3 Mos.—1943 . American Seating Co. (& * Co. Since April 1, 1044) (Inch* Profit of United States Gauge requested the Securities and Exchange Commis¬ sion to extend until July 2, 1945, the time for its -compliance with the terms of the Public Utility Holding Company Act. ..-.vv The company has arranged the sale of its equity interest in the Bangor Gas Co., a subsidiary, for a base price of $100,000, plus 50% of the latter's net working capital. The contract has not actually been signed, but the transaction is expected to be completed shortly. The consummation of this step will bring to three the number of subsidiaries, disposed of by Gas & Power, since it has already disposed of its Lowell and St. Augustine-properties. ■ ; The company still jhas two subsidiary company securities to sell and estimates that it will need until next July to do so. These are the Savannah Gas Co. and the Birmingham Gas Co. Terms of the amended plan for reorganization of American Gas The . . American Machine & Metals, Co.—Sells Bangor Unit—Asks Order— American Gas & Power More Time to Meet SEC & I .. Monday, August 7, 1944 FINANCIAL CHRONICLE THE COMMERCIAL & 530 company - also Atchison Topeka & Santa Fe Ry —New President- Executive Vice-President of the Santa Fe System Lines for the past five years, has been elected President and Chairman of the executive committee, succeeding Edward J. Engel, who retired after 45 years of continuous service with the company. The change became effective Aug. 1. Mr. Engel continues as a member of the executive committee and board.—V. 160/p. 427. A * Fred G. Gurley, Volume Number 4305 160 THE COMMERCIAL & FINANCIAL CHRONICLE Athey Truss Wheel Co.—Registers Common Stock— The par) company July 28 registered on capital all stock, with the SEC which of shares 71,580 .purchase outstanding and are being sold for the account of the present holders, Brailsford & Co.,' a co-partnership, and C. O. Kalman, Paul R. Doelz common are Francis and Luise Schultz R. for Associated Gas & Electric of Associated trustees ended July Electric 28, group 1944, 3.2% or ago.—V. 160, P. 427. Co.—Weekly Output— & Electric Corp. production above report for the week the output of units (kwh.). Associated This of is Gas & increase an f $892,625; due from $24,091; total. accrued of 120,329,422 units a year from Gross Net from { stock " '1 .'f' $553,342 $458,846 122,477 147,852 115,966 54,862 50,041 58,629 railway Net ry. oper. income V '■ Net from from $381,925 but 87,462 Net 2,563,712 2,146,970 1,308,664 531,647 487,790 from Jan. From from Net ry. —V. $643,614 $339,643 $196,612 179,355 221,881 159,257 44,771 66,900 13.436 Net 1,719,509 1,136,421 1,184,651 637,551 294,047 194,386 revenues 250,970 232,153 78,507 —V. 7,676,698 45,583,638 oper. $5,138,290 revenues— Taxes Operating income Equip. & jt. facil. rents $1,638,290 (Net ry. oper. income- 4,250,000 $1,263,262 — 25,000,000 The of has called for company $9,000,000 of 4% Nashville the York, J. of 30, Y.—V. N. & Morgan 160, Co. Incorporated, Atlantic Refining Co.—New Plant A Point A corporation Breeze refinery at total of $22,000,000. The announcement "The the fluid St., Completed— and price No production when the these line plants for and gasoline. Company demand for combat grade converted be can civilian "The aviation of emergency at supplemental Point equipment, t covers an three '•■Other charge 30, the . Steel fractionating towers the size of two foot¬ with an unbilled increases net balance of and other con¬ The •the 2188. p. capacity during of of last V; in year small pilot a scale the installed unit at conditions operating Point to reproduce in cracking plants."— big 160, p. 427. ■' . Atlas Tack Strauss Myer 28,735 6,932,248 4,902,765 4,110,632 2,389,584 1,628,770 690,227 . -p, 964,906 615,520 3,347,582 1,758,285 1,219,002 « board; has elected been director, a 1, Aug. 1944, James McSarthy will 1966. A. succeed Wilfred 1,381,131 "Net Income 1,418,898 C. B. Miller has tion.—V. 159, p. been elected Vice-President in charge installa¬ of profits -V. 9,916,040 24,310,000 25,490,000 r-i —■—-r— 6,733,811 1442. ; 1944—3 Mos.—1943 deductions • Prov. averaged revenues 2,429,447 2,375,588 $7,221,293 1944—6 Mos.—1943 —;— - depreciation. light oil plant 52,411 103,400 104,133 3,595,842 3,507,517 857,100 838,100 1,204,000 1,148,100 $2,381,656 $4,372,297 $4,075,550 9,242 51,516 15,909 $2,439,539 $4,423,813 $4,091,459 1,335,940 $2,390,898 1,328,986 2,676,414 2,658,163 $1,103,600 income 880,600 1,785,089 24,096 Net $1,061,913 $1,747,400 $1,433,297 $1.48 $1.42 $2.34 $1.92 taxes. income "Based share.. per 1,573,283 1,587,215 745,364 shares issued and outstanding.- on Halsey, Stuart to Handle Company's Financing— E. Paige, President of the announced company, Aug. that 3 the company had entered into a firm agreement with the banking firm of Halsey, Stuart & Co., Inc., for the sale of the proposed $30,000,000 of mortgage bonds and $12,000,000 of debentui'es. Halsey, Stuart & Co., Inc., has agreed to pay not less than 100 for the bonds as 3V2S and not +1943 $225,347 less $1.12 $1.31 deductions income "Earnings Co.—Earnings— share 1944—12 Mos.—1943 907,558 ' 51,687 taxes C. $263,282^ , 1,826,335 General Income — than 100 submit both after all charges, including de¬ preciation and estimated provision lor income and excess prolits taxes and renegotiation of contracts, tRevised.-r-V. 159, p. 1755, and 615,298 $1,463,581 $10,676,884 $13,860,651 $13,527,531 $25,843,450 $25,381,661 7,034,870 6,809,436 .13,389,900 13,264,032 767,658 780,238 1,604,728 1,695,114 — for approximately 1944 refund $9,596,881 $2,415,444 $1.67 for i 149,967 $2,078,879 $13,106,331 $2,489,674 Maintenance 6,614,210 $1.61 July 15.—V. 160, p. 427,. —— $9,446,914 193,611 160, p. 219. Gross called 65,824 616,932 income Federal castings) 1944—12 Mos.—1943 $2,013,055 $12,912,720 44,591 Operation ' certain equipment provided for through and 160, •; v-:: $14,811,777 $12,998,258 $59,103,688 $53,999,023 4,498,153 4,872,371 18,221,947 18,910,313 1,836,708 772,726 6,094,098 3,076,517 1,373,233 1,420,972 5,785,594 6,070,887 4,041,668 3,919,134 16,089,329 16,494,392 revenues expenses Amort, of on Vice- Treasurer.—V. ; Period End. June 30— 32,730,000 y 6,432,538 ' $1.71 , Blackford, A. and :.:-WPP - Operating • ■ Hardy, Chairman of Lester Secretary Brooklyn Union Gas Co.—Earnings- 13,568,089 income (ingots post-war •- 25 1,633,000 12,009,872 Net deprec. —1 on Charles J. President; Oerter, $3,106,606 capacity.- "Includes L. during the second quarter of 1944 as compared the first quarter of 1944 and 98.7% during the 1943. Current steel production is approximately Earnings per common Automatic Sprinkler Co. of America—New V-P.— elected: were Monroe, Edmund income 811,379 6 Months Ended June 30— DeSerre as Assistant Treasurer.—V. 159, p. Aug. on " ' $3,062,015 471,368,482 449,252,573 490,414,380 47,984,442 44,171,308 50,893,250 Birdsboro Steel Foundry & Machine . and —— Gross succeeding Miss Blanch - payable 333,469 expense. corporation has determined > Whitaker. Ronald:R. Depreciation Taxes Quar. '44 1st Quar. '44 2d Quar '43 $ $ $ ' ' .. the debentures due on on O'Brien. Effective '• " '• Corp.—New Director, etc.— snare a ; Period End. June 30— redemption on Sept. 1 at its stock transfer department, 25 Broadway, New York, N. Y., all of its serial debentures due on March 1, 1945 to 1950, inclusive, and all of its serial debentures due on July 15 in each of those years. The redemp¬ tion prices for both groups range from 100 for the 1945 maturities to 101.25 for the debentures maturing in 1950, with accrued interest Breeze the of 1755. Frederick P. Operating Operating To Redeem Serial Debentures— a accurately Brooklyn Edison Co., Inc.—Earnings— 199,968 charges production quarter The huge unit may be eliminated, at Point Breeze as the result of continuous tests conducted since of such at Port Arthur, and cents been special dividend. . 108,943 - 159,' p. following officers President. •p. 427. 97,857 - and ster ; a starting up 50 have a at this time declared only the- regular * adjust¬ quarter of $777,419, making new contracts were received 81,470 charges.! operating 105.0% gridirons placed side by side, and towers into the air the height 22-story office building. "Many of the production difficulties normally encountered in the of therefore, Operating income Non-operating income— second ball of operations question : 1941 than depreciation of year's dividend share.—V. $240,746 amortization) 103.5% the The stockholders at the annual meeting on July 27 elected the fol¬ lowing directors: Lester A. Blackford, Walter-J. Cummings, Charles J. Hardy, William H. Kern, Ronald R. Monroe, Ernest L. Nye, C. Lothrcp < Ritchie, John E. Rovensky, Frederick A. Stevenson, R. Howard Web- the 1942 . to of to stock¬ of record Aug. 15."A similar dividend was paid on Feb. 25 May 25, this year, and in each quarter during 1943. In addition, company on Aug.. 25, last year, disbursed a special of 50 cents and months of June 292,8(30 Net income for the period-*—— per common share with area the as $592,4,41 , 103.0% complete that 1943 Earnings the production of high octane gaso¬ to Breeze, during and 424,922 sale of fixed assets ♦Provision for deplet. & d results Brill Corp.—Officers and Directors— . before a no Maintenance other and condition common a held were on (including needs. motor structure 1944—6 Mos —1943 $840,825 Provision for taxes based ' development in engineers say that aviation fuel ends, process income Interest in such pay longer obtains and so it seems wiser and better '•business practice to the board of directors to wait until October when $0.71 the June additional billings Loss it seemed advisable to the board of directors, probable earnings for the year ending Aug. 31 and special dividend as was decided upon, before Sept. 1. 160, p. 3. Total Special Payment— on in a letter to common stockholders, dated July 31, 'before considering the "The directors have, $0.95 billings 2d , 2,201,401 $4,982,980 323. p. "Several years ago "This $165,189,575. 1944, v Net 160. Newton Smith, the $101,617 , . railway railway 2,154,501 $3,282,684 Boston Woven Hose & Rubber Co.—Declares Regular Bethlehem Steel Corp. (& Subs.)—Quarterly Report— f in parti m* is the newest states, cracking j $861,525 . 353,136 $821,877 tview of then applicable Federal tax provisions to estimate in August 413,823 from from —v. ,, j further 1942' $0.32 its was 1, railway ineome— 346,238 $730,598 ___ Dividend, But Defers Action $277,030 $35,580,179 there railway—, ry. oper. 629,311 (rentals, etc.) income -V. J. 1944 from from deducts interest, . the $373,709 during $200,769,754. Net ry. oper, income— New Pa. built at the , catalyst ' From Jan. 1— company's refinery completed within a few days. When this plant is ready for production it will mark the end of a construction program of aviation gasoline equipment, begun early in the war period, in which this company has invested more than of that April on contract Net Philadelphia, cracking, unit, now being Arthur, Tex., will also be Total ' Corp;—Billings, Etc.— totaled $199,992,335 Gross increase in the national output of aviation gasoline completion was announced on July 30 by this company newly-constructed fluid catalyst cracking plant at its similar Port at $7,184,381 : contracts as huge a $5,437,185 ' $127,095 $0.56 substantial assured was of of in 427. p. t$24,350 , June— 1944, a total Wall 23 $1,175,013 income holders reports 1944, balance Net gold bonds, due Oct. 1, 1952 (Louisville & 105 and interest. Payment will be made at at P. $1,076,836 •> 1943 $159,647 $220,583 . of . 1, $4,793,947 643,238 $6,555,070 99,817 .J Beaumont Sour Lake & Western Ry. —Earnings— $8,634,238 $10,705,028 of Nov. as $1,075,196 90,493 Total 27,750,000 . . 24,929 $986,343 'said: 1944 1944—3 Mos.—1943 $2,284,902 $11,226,290 $13,826,999 -920,505 4,689,368 5.562,499 273,280 1,583,461 1,570,472 15,921 159,514 138,958 . 278,036 . (Dr)— Net 158, p. 944. during the period April 1 through June 30, 1944.—V. 159, coupon collateral) office v redemption report.—V. a > share- corporation Net Calls $9,000,000 of Bonds— , ' i Corp.—Earnings—] 1967. p. June Gross $1,481,858 to , L_„■_ per com. The $1,959,469 $11,570,797 $13,902,026 477,611 2,936,559 3,196,998 375,028 \ V (Dr}_ income. chgs. • ments $6,209,469 $36,570,797 $41,652,026 3,500,000 after tracts 39,489,784 a Net ' 899,779 v facil. the unbilled 1944—6 Mos.—1943 6,645,951 • development expenses the amount of according Bath Iron Works $12,814,988 $12,855,420 $82,154,435 $81,141,810 ___ *V, V " ' " depreciation, amortization, etc., but before provision for Fed¬ taxes and renegotiation of contracts. tLoss.—V. 159, 159, ■ended 1944^-Month—1943 expenses * «. taxes The Period End, June 30— extraordinary reduced, Ended June 30— profit and 160, p. 427. Operating * • Period End. June 30—^ Atlantic Coast Line RR.—Earnings—Operating *'» • $2,189,087 revenue rents rents ' income Earns, 2,585,434 1,088,722 income oper. ' ' <" 2,823,586 railway oper. 1944—6 Mos.—1943 $7,006,446 $43,285,825 $42,389,117 4,721,544 32,059,535 28,562,118 Net ry. oper. Other income j 1755. 52,108 33,016 railway expenses 5,250,432 Taxes • $50), Barber Asphalt 1—* from Net Net $7,439,519 .Equipment • pr $492,213 railway Net from railway Net ry. oper. income Gross Morithi eral ■■■ 1941 1942 1943 (par of was "After •■•/ 1944 stock, ; •Net profit Atlanta & West Point RR.— -Earnings— Gross because 6 - 46,494 171,061 160, p. 3. June— treasury Barium Stainless Steel Corp.—Earnings— 386,017 205,638 $2,055,702; and brokers and account receivable, receivable, $60,973; deferred charges, $82,933; 1944—Month—1943 revenues Operating have declared a dividend of three cents per share capital stock, par $1, payable Aug. 20 to holders of record The company has been paying 10 cents per share each quarter, dividend ' 3,765,365 795,769 income oper. ry. —V. Operating $64,950; securities of City Stores Co., $6,$4,184,930; investments in and advances to corporations, RR.—Earnings— Period End. June 30— 30,578 . 3,829,553 railway- railway less directors the Aug. 7. • From Jan. 1—•. Gross Boston & Maine mort¬ bonds, Bandini Petroleum Co.-^Reduces Dividend— The 1942 $615,243 railway 1S43 in T on 1941 1944 first at cost, interests customers income $17,067,554. ' June— $793,027; interests therein, participating Jt. Atlanta Birmingham & Coast RR.—Earnings— * receivable, and preferred stock (par $50), $10,000,000; $3,000,000; surplus, $2,478,671; deferred .'income, $406,874," dividend payable July 10, 1944, on participating pre¬ ferred stock, excluding treasury stock, contra, $331,620; deposit re¬ ceived under sales agreement, $124,055; due to customers and brokers, $12,041; reserve for taxes, $686,709; reserve lor expense, $27,584; total, $17,067,554.—V. 159, p. 2627; s ' cost, other securities, subsidiary and affiliated ' * at etc., loans estate $1,826,926; Liabilities—Participating $393,745.—V. 157, p. 1143. electric net 124,168,372 was 3,838,950 units, Gas real ;; 181,355; common The $10,500; depreciation. ; mortgages, chased R. for reserve and Edwin White are listed as the principal underwriters. • According to the registration statement, the underwriters have pur¬ the shares from Irving Herriott, trustee under the last will of James A. Roberts. George W. Roberts, Margaret S. Roberts, Beatrice agreements, at cost, $119,163; gages, ($4 531 is The the York company insurance for the issues New to debentures as 4s, providing the company will competitive bidding. State Public permission Service to sell the Commission $30,000,000 companies and declared that both the of denied bonds bonds last week privately and to debentures should be thrown open to competitive ^Baltimore and Ohio RR.—Earnings— June— 3ross •■Jet Jan. From Iross from from let -fet 9,918,236 3,849,261 8,985,484 5,010,420 8,791,888 4,631,285 income 22,909,775 34,201,707 25,798,585 charge Mr. of finance, of made by R. L. Snodgrass, Vice-President the Baukhages, III, Baukhages since ■ the public held about $19,000,000.—V. 160, p. profit Earns, .1944. "After 1941 $187,117 $76,620 623,812 income Operating Taxes 335,829 '' 300,629 300.467 $487,746 $377,087 117,014 100,252 103,901 103,614 587,706 224,686 102,581 30,842 5,166 ' •; and $799,451 82,957 149,538 $469,347 $198,306 $48,350 $1,750,336 expenses —— Interest fees 44,743 \dj, of security valuesProfit for 6 months— tin connection with $1,045,617 settlement of 1936 and Federal State income axes. Balance Assets—Cash In banks iquidation; estimated Co. 6 Months Ended June 30— sales (& „ .. , Subs.)—Earnings 1944 1942 $8,188,387 2,298,000 3,112,145 1,726,640 1,648,014 2,446,857 $649,986 $665,288 381,612 .... $7,370,929 2,079,447 $352,807 sales.. 1943 $7,425,166 k__. and Sheet, June 30, 1944 on realizable all for share- charges, , hand, $618,976; deposits in banks in value, $151,405; deposits made under excess and war including 1943 . $0.59 $0.65 including post-war '1942 $780,728 1941 $585,434 Other Profit $0.91 $0.44 137,354 323,304 $734,419 $787,341 $988,593 income half Preferred and Federal income Common profits taxes for the six months ended June 30. 1944 totaled of exc. ! 512,000 $476,593 66,703 66,703 66.703 222,878 222,452 222,377 $0.72 trade Balance $2,038,291; accounts repossessions of $0.78 $0.92 U. receivable and Instalment for S. (less unearned notes of Sheet, June 30, 1944 Government securities, $3,935,000; for doubtful balances, reserves interest included in face loss amount amounts reim¬ bursable under fixed fee war contracts, $1,135,615; claims under war contract terminations, $362,402; inventories of finished stocks, work in process, raw materials and supplies, $3,573,219; net current assets in Canada, Brazil, Mexico and Argentina, $1,747,499; claim for refund of prior years' Federal taxes on income, $376,184; prepaid expenses tracts have, been and deferred $2,544,153; company's , and on the company, so . 376,000 $411,341 dividends Assets—Cash, notes period last year, the reduction in total billings being caused by the completion of the synthetic rubber construction program on .which the company played a major part; Research pilot plant work in connection with synthetic rubber is being continued by the com¬ pany in cooperation with the Rubber Reserve Company. William P. Witherow, President, stated that" although some war con¬ terminated, other Government work has been assigned that at the present time unfilled orders are the largest history. Mr. Witherow also stated that reserves "for renegoiation have been provided in an amount considered adequate. Development work for the post-war period is being pursued to the greatest extent consistent with the company's war production schedules. Mr. Witherow asserted.—V. 159, p. 2411. v ; ~ : • 345,000 $389,419 prof, taxes period Consolidated same the operations dividends 1942.. the in ; Earnings per common share the the from Net profit for the Billings for Ihe first six months of 1944 were approximately 87% of similar 1943 period. While billings for the period were lower, production output of the company's manufacturing plants exceeded v (net). Prov. for Fed. inc. & excess State income . $1,220,496 depreciation, interest, bond discount, adjustments, and State and Federal profits tax. for Pennsylvania Operating profit / $4,155,500 as compared with $4,741,002 in 1943 and $4,418,050 for the first $463,622 ■ Total com. 1944 $865,799 - Note—Provision and 1942 1943 1,126,524 —_wi~./■ per provision 427. profit and loss on sales income . , Brunswick-Balke-Collender . (& Subs.)—Earnings— 6 Mos. End. June 30— "Net , Bankers Securities Corp.—Earnings— other mortgage Sell., gen. & admin, expenses.; Blaw-Knox Co. taxes, ;(net). i '1 nt., divs., commis. and the Securities and Exchange covering the proposed issuance bonds, series due 1974. Net with statement Gross profit on i Roy B. White, President of the road, has announced that the com¬ met the payment of principal of secured notes which matured 6 Mos. End. June 30— filed 24 first Net pany 1, of which July as January, Pays Secured Notes— lug. on registration $10,000,000 V. 160, p. 219. 22,255,043 appointment, effective July 10, of his executive assistant. 1941, was Personnel Assistant to the /ice-President of operations of the Union Pacific RR. n Frederick E. a of proceeds will be applied, together with treasury funds, to redeem at 101, plus accrued interest, all of its $10,000,000 first and refunding mortgage gold bonds, 4V2% series due 1968. Company is a subsidiary of National Power & Light Co. Bonds will be offered for competitive sale. Interest will be named by successful bidder. Names of underwriters and offering price to public as well as interest rate will be filed by amendment.— Appointment— Announcement has just been sale and 189,743,529 173,615,804 139,975,570 104,361,261 51,475.825 59,265,218 42,729,117 30,484,680 railway company Commission 6,345,348 4,939,565 - railway oper. ry. New ! 1— The $34,242,877 $28,295,733 $25,953,206 $19,342,077 railway from railway ry. oper. income Nfet Birmingham Electric Co.—Files Plan for Bond Issue— 1941 1942 1943 1944 from bidding. Originally the debentures were to have been offered by a syndicate headed by F. S. Moseley & Co. The investment banking firm of Halsey, Stuart & Co., Inc., entered the picture with a bid to market both the mortgage bonds and debentures competitively on a basis which would net the company interest savings of $107,000 yearly more than the savings which would be effected under the plan previously drawn up.—V. 160, p. 5, ' - - $684,072), charges, $193,362; patents, goodwill, property, etc., $1; $2,905,419; plant total, and equipment (net), $18,811,146. Liabilities—Accounts payable, $309,202; customers' deposits and credit balances, $210,845; accrued salaries, wages, and commissions, $97,394; dividend on preferred stock payable July 1, 1944, $33,351; accrued State, local and miscellaneous Federal taxes, $219,993; accrued 7, N. Y., BEekman 3-3341. Herbert D. Seibert, Editor and Publisher; ^William Dana Seibert, President; William D. and advertising issue) with a statistical issue on Monday]. Other offices: 135 S. La Salle St., Chicago 3, 111. (Telephone: State 0613); 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith, Copyright 1944 by William B. Dana Company. Reentered as secondclass matter February 25, 1942, at the post office at New York, N. Y.-, under the Act of March 3, 1879^ Subscriptions in United States and Possessions, $26.00 per year; in Dominion of Canada, $27.50 per year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain),-Asia, Australia and Africa, $31.00 per year. NOTE: On account of the fluctu^ ations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds. -The Commercial and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce St., New York Riggs, Business Manager.^.. Published twice a week [every Thursday (general news lor post-war adjustments $5 cumulative preferred stock (26,681 shares, no pari, $2,668,100; common stock (450,000 shares, no par). $4,500,000; capital surplus, $4,033,574; earned surplus, $5,324,967; common stock in treasury (4,245 shares, at cost), Dr$41,470; total, Federal taxes $705,191; income, on reserve $750,000; contingencies. other and $18,811,146.—V. 159. P. 1756. Bolt Buffalo Y.—To Sell North Tonawanda, N. Co., Common Stock— with a nation-wide banking Co., for the sale of 141,054 has completed arrangements headed by Van Alstyne, Noel & Company group registration statement Exchange Commission stock, according to a covering this stock filed with the Securities and shares AUOgf ($1 par) will shares 78,834 offering, total the common the to be stockholders. Proceeds be company of these secunties will in excess Of $1,000,000 by received four years for permanent expended during the last account be sold for the and 62,220 shares for present the company from the sale used to replenish, in part, working capital of improvements and Installations. ■, , . ... . . corporation. the by belt of mineral known substantial A Copper Michigan the general to company serving the general area in which the located. Operations ceased in 1917, and all railroad holders on Net from month. Net ry. 1943 1942 1941 $44,100 $48,540 $41,135 2,743 1,085 $45,185 $48,569 13,276 Total 10,171 9,424 2,292 691 $56,393 income $34,594 Expenses for Fed. Prov. tax. inc. JNet income received securities "Of Cambria & Indiana RR.—Earnings— 1941 $177,011 82,377 65,175 252,086 1,049,190 498,110 177,021 431,340 863,355 325.247 414,125 $153,373 60,588 22,408 964,886 440,425 322,580 railway $80,886 52,744 from railway income— oper. 1942 $183,432 91,656 74,447 1943 1944 June— Gross $41,135 9,900 bonds on the offer and the share¬ olfer.—V. 160, p. 323. *34,419 railway from Net ry. railway from Net income— "Deficit.—V. 160, p. 115. oper. 920,595 *17 sales Interest furniture and equip¬ 775 $30,936 $38,399 ^Exclusive taxable dividends, as Cambridge Rubber Co.—Tenders Sought— profits of fromj sales of investments. A statement of the distribution account for the six months ended June 30, 1944, follows: Not income (as above), $56,393; balance of distribution account at Dec. 31, 1943, $42,815; total, $99,209; add, amounts included in price received on subscriptions to shares of capital stock to equalize the per share amount available for distribu¬ tion or. then outstanding shares, $6,196; total, $105,405; less, amounts included in price paid for shares of capital stock surrendered for purchose at liquidating value equal to the per share portion of distribu¬ tion account at time of purchase, $1,674; dividends declared on capital stock (less amount thereof charged to surplus arising from sales of investments, $2,169), $69,433; balance available for dividend distribu¬ tion for quarter ending Aug. 15, 1944, included in earned surplus, Trust Co., trustee, State and Congress The State Street sale the V. o'clock 12 it of 5 V2 % to 155, p. 2454. losses and $34,297. Wyant Appointed— has been appointed coregistrar and The National City Bank of New York as co-transfer agent for the 348,000 shares of capital stock (no par value.)—V. 159, of Co. Trust Guaranty The 2411. p. at Liabilities—Payable 30— 1944 , 1943 1942 $23,259,929 $23,103,806 $17,546,126 \ < sales Net $18,053; purchased, payable for pro¬ of a 7,307,785 from from Net ry. par), total, $3,335,076 46,212 95,333 1,326,275 470,710 1,554,455 615,989 379,772 30,102 income oper. from 593,866 54,035 "33,049 7,466 deducts, (incl. railway 245,342 ry. oper. income ♦Deficit,—V. 160, p. 5. sales of July 1, '44 July 3, '43 * Jur\e 27, '42 $6,388,909 $5,143,981 $4,722,987 Ended— — paid, $3,365,178 4,960 $3,360,218 $1,933,088 380,003 422,799 387.775 "1,618,475 423,739 etc.) int. of the period 230,655 Gross profit sales on $139,164 51,077 $128,503 40,268 $107,696 48,820 173,937 104,775 $1,145,007 $1,016,799 $1.86 $1.65 $1.63 post-war credit of $131,524 stated is in $168,771 21,711 $156,516 27,009 —... $190,241 23,373 4,971 2,010 Interest and interest 626 • The (2) Earnings per 61,561 $84,873 $0.49 $0.64 $131,155 $1.05 159, share—. with parent company. tNo excess proiits tax payable. 1967. p. dividend dollars S. above 4) of $1, par cents per 10 the.basis of on and June 1 1, last, and 15. on share has been declared on the ended June 30 1944, payable A similar distribution was made Dec. 15, 1943.—V. 160, p. 115. Calumet & Hecla Consolidated Copper Co. —Earnings— metals from Production, 1944 1943 1942 1941 $8,696,669 $3,820,140 $3,694,333 5,718,997 6,460,776 2,384,718 2,167,689 ad¬ for depreciation in the and $403,335 for the nine 30. 1944, 1943 and 1942.—V. 159, p. 635, 1968. June of $354,979. $454,224 Preferred Stock shareholders on Jan. 27 unanimously approved a proposal to the authorized and outstanding preferred and common shares 10-for-l basis, the shareholders also approved a change in the' split on a stock provision preferred income $1,333,372 — (net) $2,235,893 74,289 gain before $1,435,422 67,468: 9,136 $1,526,644 2,387 See $3,050,062 $2,458,446 $1,814,07 965,742 1,113,554 910,055 522,74 ry. income.— 636,611 647,533 706,168 390,66 19,310,557 18,528,184 12,796,728 3,650,200 2,684,061 10,263,76 2,639,55 1,763,43 oper. 1— 5,527,342 income 160, p. 428. —V. 7,121,264 3,051,058 ... Net ry. oper. 4,552,259 $1,407,661 297,150) Net ry. Public railway From Gross Service from ry. $2,303,361 $1,444,557 $1,539,032 160, ry. $857,304 $470,269 $498,058 Net Note It is not expected that any renegotiation under the provisions the National Defense Appropriation Act will have any material effect on the earnings shown in 1944. Net Exchange has authorized the listing of of capital in connection with stock the (par $5) upon acquisition official income of number of shares applied for 2,068,270. meeting of the board of directors of the company held June 27, resolutions were adopted authorizing an offer to Keweenaw Copper issuance of all and 62,768 of surplus, ry. write-ups from 160, Electric Light ry. from Net ry. — its assets, government shares of except bonds, stock. cash and to * and pay bank by the 498,570 from railway- railway 160, 104,158 The U. months' 2,270,476 — 27,111,257 8,245,669 3,669,639 20,253,3 5,382,4. 1,810,1 District S. Court at Richmond, extension of time—-to Oct. Va., Extension— has granted a thr 17—for the filing of reorganizatio Judge Robert N. Pollard granted the extra time on petition the Reeve protective committee for debentures.—V. 160, p. 220. Central Electric & Telephone Co. above. Certain-teed Products Corp.—Calls $396,000 Debs.— There have been "382,613 called for redemption as of Sept. 1, *252,534 1, 20-year 5V2% 1948, at 101 Charleston & Western Carolina 2,261,111 8C8.734 618,755 from Net $190,674 860 *35,912 2,661,603 1,110,812 858,138 206,033 3,146,379 Net 1941 $311,427 99,112 67,046 ry. 1,369,614 1,058,777 railway oper. From income— Jan. from ry. railway railway income— oper. —V. 160, p. 1942 1943 $130,159 *13,308 11,243 *90,331 87,839 *47,245 665,484 687,565 673,358 *307,450 *223,805 *114,109 *17,417 *574,097 *439,857 *308,257 ry. From oper. income 160, p. 1944—Month—1943 $ earnings Working expenses 323. income—, railway 26,656,986 22,118,529 $ v 4,538,457 160, 86,557 62,622 75,034 97,1 2,358,886 2,292,959 960,276 542,066 1,925,747 1,673,3 874,426 470,142 761,416 717,4 467,632 471,8 $19,854,763 1943 1942 $16,549,925 $12,801,806 6,870,102 7,291,485 4,355,042 1941 $9,408,8 2,612,4 1,629,002 1,408,377 2,157,404 1,016,2 115,960,151 99,463,960 44,681,097 22,182,469 68,838,252 51,779.4 23,979,234 14,398.0. 11,521,761 7,335,2 45,681,612 12,669,368 5. p. Chicago & Eastern Illinois RR.—Earnings— 1944—6 Mos.—1943 $ $ 22,680,415 income 21,203,162 1944 June— Gross 24,698,217 154,575,055 136,231,531 20,276,780 131,894,640 115,028.369 4,421,437 railway oper. Net ry. From Gross —V. 6,228,992 10,225,717 2,681,461 2,243,211 1,101,156 8,907,5 2,401,3 1,038,5 railway 17,225,306 15.868,035 railway— 5,266,199 1,966,097 oper. 160, p. 1941 $1,490,3 366,9 119,0 288,107 from from 1942 $1,883,002 573,974 243,420 345,938 income. $2,956,053 1-*- Jan. rv. 1943 $2,632,456 979,736 railway railway oper. Net ' 893,267 from from Net earnings 143,6 187,525 from ry. —V. 115. Period End. June 30— Gross 194 $305,7' 1— Jan. Net 1— ■ 147,229 134,613 1944 railway railway from Gross *18,216 706,650 income from Net $137,952 8,196 $331,937 143,445 5. from Net 1941 $106,682 *50,732 $369,739 Chicago Burlington & Quincy RR.—EarningsGross $120,595 1942 $370,570 1— from Gross Ry.—Earnings— 1943 1944 railway—_ from Gross 1942 1943 $589,513 256,329 1944. a total sinking fund gold debentures, series A, d and interest, for account of the sinking fun Payment will be made at the City Bank Farmers Trust Co., success trusete, 22 William St., New York, N. Y.—V. 160, p. 428. $396,000 of 127,154 "619,768 1,044,832 railway p. 9,017,192 3,388,964 $3,939,4 1,352,1/ 774,6 5. p. Net 160. 31,324,620 7,296,097 „ income. oper. — Central States Electric Corp.—Gets 920,770 1,253,700 872,800 "291,628 Canadian Pacific Railway—Earnings— -V. 382,633 30,428,653 1941 $4,977,473 1,567,260 713,110 1— ry. ' Net Funds fo 1942 1943 $5,059,242 1,385,506 1,440.950 income., Jan. Net "62,747 accounts, therefor U 160, p. 428. Power Co., below.—V. $5,041,295 — oper. Net —V. railway- railway from Gross 115. p. railway oper. & 1944 from Net $130,928 "94,738 1944 "Deficit.—V. Power Corp.—Deposits June— Gross 1941 $140,100 "146,151 1,394,578 income oper. set adjustments.—V. 159, p. 1968. Central RR. of New Jersey—Earnings— Net railway Jan. amon inves' dispos Central Telephone Co. (Del.)—To Be Organized—S "34,147 77,360 railway from redistribute voting power its plant and accounts so as to segregate, and intangibles in its accounts, other and New York Utica See Net From Gross in the publi of investors and consumers to requir simplify its capital structure and take othe equitably to and capital eliminate and Central 429. of a purchase p. 1942 1943 $134,200 3,252,986 railway total securities, and Bond Payment— 1— from from fo protection security holders and to requite that it restate its men, Canadian Pacific Lines in Vermont—Earnings— Net 62,768 notice approximately 34,544 acres of land and rights in land located in Keweenaw County, Mich., and certain related assets from Keweenaw Copper Co. (Mich.) making to 68, *89,612 $422,510 127,731 railway oper. Net Listing of Additional Capital Stock—Acquisition— issuance, fairly as so to whether it is necessary or appropriate the revise June— Gross of Stock as for or Central that 5. p. J une— York below.—V. 952,200 railway open from $556,410 to surplus shares permitted to value.— "535,939 railway from ry. 210,000 New interest "8.068 1944 from "Deficit.—V. 383,000 The the request of the company, has extended the time at other things, Net 494,000 additional now *195,467 income-— ' From Jan. 299,606 u carried possible. as Central Illinois Public Service Co.—Hearing Postpone I The SEC, 1— railway oper. from Gross 508,510 gain is *71,454 June— Net 384,303 earned company "21,820 railway "Loss.—V. 206,985 Net Inc. $156,700 „ income Jan. from Net it is not always reconvening hearings in the Section 11 (B) (2) proceedings to Sept. 1 The Commission has instituted a proceeding raising issues, amon RR.—Redemption of 6% Bonds— railway oper. reasons companies in exact alphabetical are always as near alphabetical to arrange However, they position March 952,057} \ tax the 1944 from from 254,495} Depletion income order. Canadian National Lines in New England—Earnings— 322.463 Federal NOTE—For mechanical possible plans. Orleans New Net de- & deplet Depreciation prec. that 159, p. 547. Net Net so buy this stock in the open market at prices not exceeding par Net Co., Net 1941 $3,274,115 ex¬ of ing Gross taxes & Operating income listed from Canadian Pacific Lines in Maine—Earnings— $7,052,369 sold_ selling, ministration At Net 1942 1943 1944 railway.—. railway—.— from Gross June— 30—- 6 Mos. End. June (& Subs.) V - official Canadian has purchased for cancellation 1,090 shares of its non-cumulative preferred stock, $10 par. When the special meet¬ Net for the quarter 1 to holders of record Aug. March the Central of Georgia Ry.—EarningsJune— adequate reesrves, and make other company Net , N. of in 1944 and $179,831 in 1943. includes provision summary June— (No. stock, common Other Co., corporate trustee, 70 Broadway, New York Y., and of the notes at The Marine Midland Trust Co of New York, agents of the company, 120 Broadway New York, N. Y.—V. 160, p. 428. Trust Canadian transactions involving foreign exchange Government restriction and control. amounts ended The Gross California Electric Power Co.—Common Dividend— Rev. dated Sept. 1, 1940), together with accrue interest thereon to Sept. 1, 1944, in both cases. Th conversion privilege of the notes and general mortgag bonds will expire on Aug. 16, 1944. Payment of th bonds will be made at the Central Hanover Bank 25,467 $71,534 income—,. common "Consolidated Sept. at the principa to the extensio bonds, due as extended Sept. 1, 1946, amount thereof (as reduced pursuant Canadian Canal & Claiborne Balance of net on of Received—To Re¬ the proceeds of agreement From .—V. —52,818 taxes come • ... and Fed. in¬ for State prov. 4,564 711 3,145 expense—— (disposal of fixtures)- A Notes.—Out and - - Co.—New Loan income of the company's wholly-owned U. All rates. subject to are 6% operating profit Provision for depreciation,, —V. % 777. p. will to redeem the present $5,350,000 and provide funds for other pur¬ $600,000 first mortgage loan the company will redee on Sept. 1, next, all of its outstanding 4% convertibl notes due, as extended, Sept. 1, 1946 (presently bearin interest at 5%) at 101% of the reduced principal amoun thereof (to wit: 90% of the original principal amoun thereof) and all of its outstanding general mortgag steps . Canadian subsidiary, whose accounts are included in the above, amounts to approximately 18.7%, 16.8% and 15.1% of the consolidated net income for the nine months ended June 30, 1944, 1943 and 1942, respectively, months Discts., commis. & other income— - 105% plus $363,500 of cash now in deposit, funds required Foundry Bonds deem 21,885 $1,003,709 profits taxes— & exc. for J _ tax Canada Iron Foundries, Ltd.—Reduces fEst. at Central Electric of 156, Central 4,583,823 5,015,478 6.281,213 depreciation)___ taxes profits Notes—(1) The net respective selling, warehouse, delivery and general expense (ex¬ Loss poses.—V. realized, thus bulk of bonds 3%% of $1,954,973 7,196 etc.) Earnings per common share change sales, clusive inc. income Net and (P. II.) Butler Co^—Earnings— 6 Months income excess "After 1— railway Net Loan Co. to Central ' ^ Electric 30.366 "1,166,972 rec'd., int. income Gross Inc. Foreign 1941 $113,817 20,744 730,515 100,674 6,179 railway from Net ! '1 funds The $1,924,607 40,840 $2,788,534 (incl. credits Federal $125,525 30,682 19,233 $301,299 139,403 $244,555 92,208 railway From Jan. - Co. Central by also 1. 7,723,743 $2,747,694 Inc. Federal Burlington-Rock Island RR.—Earnings— June— ' ' ' 1944 1943 1942 Cost Gas & Sale Adv., sell., distributing and general $3,496,653.—V. 159, p. 2630. Net and rearrangement corporate a r 1 (which has been arranged privately with institutional bondholders) the $3,100,000 30-year 3V2% bonds of Central Telephone Co., which Central Electric is to acquire in the transaction. Also the sale privately by Central Electric Of $2,000,000 3-year 3>/2% bonds at 105% (which has been arranged (3) $9,648,350 12,194.343 sold goods approved Co. : 0 Change of name of Central Electric & Telephone (2) 7,897,775 8,317,892 of Cost 12,460,946 $2,781,338 securities for stock purchased, $25,088; accounts payable, $5,453; vision for taxes, $4,277; dividends payable upon receipt of stock predecessor corporation for exchange, $2,855; capital stock ($1 $241,597; capital surplus, $2,928,361; earned surplus, $270,970; capital Net phone Electric Grose from railway Net from railway Inc. (& Subs.)—Earnings— Canada Dry Ginger Ale, 9 Months Ended June have (Dela¬ ware) to acquire in exchange for its bonds, preferred stock and com¬ mon stock all the telephone properties of Central Electric & Tele¬ From Jan. dividends and accounts $14,182; prepaid taxes, $538; total, $3,496,653. Gross stockholders The ■ $11,065,586 $10,642,861 $3,231,715; cash in bank, receivable and interest accrued, cost. average $250,217; Gross - . Sheet, June 30, 1.944 Balance Net York New Corporate Re¬ financing plan. The plan includes the following provisions: (1) Organization of a new company, Central Telephone Co. Co.—Co-Reg¬ Cannon Foundry & Campbell, istrar — . Assets—Investments, own Sts., Boston, noon on Aug. 7, 1944, will receive bids for convertible debentures due July 1, 1946, to an amount sufficient to exhaust $50,997 at prices not to exceed par and interest. Interest on accepted debentures will cease on Aug. 14.— until Mass., Telephone Co. & arrangement and Financing Plan—Name Changed— Copper Co. at a meeting held July 7, 1944 recommended acceptance of July 24 acted favorably upon the 12 $71,961 proceeds from cash Net ment, filing cases, etc. The board of directors of Keweenaw on Company to be ac¬ personal & Telephone Co. Electric Central provide the property of Keweenaw Copper quired consists only of a small amount of office Other Gross 1944 $69,218 End. June 30— 6 Mos. veIUC* From Jan. 1— Ltd.—Earnings— Income—Cash dividends Central acquired miles of lands to be acquired are the rails, except ap¬ proximately four miles, have been removed and sold. A portion of the right of way is under lease to Copper Range RR. at a rental of $75 per month. Another portion of the right of way is under lease to this corporation at a rental of $25 per month. Under the terms of the right-of-way agreements substantial portions of the right of way have reverted to the fee owners and the road is of no present This completion of this financing, the outstanding capitalization of the company will consist of 341,614 shares ($1 par) common stock out of a total authorized issue of 400,000 shares. The company also has 10,000 shares of 7% cumulative preferred stock ($100 par), none of which is outstanding. Public offering of the stock is expected to be made -later this Bullock Fund, purpose the corporation now owns. is all the capital stock of Keweenaw at one time operated approximately 38 which area be Also RR. m<Upon , The District. acquiring Electric Central See lands lies in the of these part the lands is to permit an orderly exploration of these mineral lands, and those adjacent mineral lands now owned by the corporation, for the purpose of discovering, if possible, commercial copper deposits. The timber stands located on these lands may be marketed in conjunction with the stands of timber in the same of sufrstciixtri&l proposes company Central Electric & Gas Co.—New Name to be Adopted important assets to be acquired from Keweenaw Copper Co. are and rights In lands aggregating approximately 35,544 acres located in Keweenaw County, Mich., adjacent to lands now owned The lands to reclassify its common stock into double the number of shares, to reduce the par value from $10 per share to $1 per share, and to eliminate any pre-emptive or other subscription rights of the common stockholders. The company also proposes to eliminate any rights of conversion of the preferred stock into comThe Monday, August 7, 1944 FINANCIAL CHRONICLE THE COMMERCIAL & 532 income 116. Volume 160 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4305 . bined Chicago Great Western Ry.—EarningsJune— Gross . from Net from Net ry. Gross Net from Net 685,598 income $1,717,275 581,051 249,596 $2,004,803 705,150 290,066 186,892 This of groups step .The . will is sale to take place early in J' disposition of the two major expected the complete which properties effect.—V. 4,829,576 the has SEC ordered the company owned 1,752,399 1,661,581 income— 3,206,639 1,271,368 June— " Gross Net from Net 220. • ry. - ; from accounts Income Earnings— June— Net $1,038,206 $639,117 412,116 294,546 105,311 237,019 208,433 18,833 4 total, 1941 Consolidation Coal Co., Inc. (& Subs.)—Earnings ^ 324,486 354,686 265,295 ry. 192,573 266,810 165,379 6,913,627 6,535,012 5,578,833 2,428,530 2,432,690 1,795,826 income— 1,482,478 1,691,776 1,099,702 $1,156,083 railway—— rai.way__ income— oper. From Jan. 1— , from Net Net oper. ry. -V. railway from Gross 160, 5,030,390 1,574,599 770,507 Earnings Chicago Milwaukee St. Paul & Pacific RR. from Net from Net ry. Net from Net ry. 4,836,113 7,143,232 4,171,075 2,950,397 2,545,473 4,054,334 2,047,881 income income— 17,636,519 11,132,386 of appeal from the been have 30. The . Gross from from 1943 Jan. from from Net ry. 22,373 income—_ $159,748 —V. 160, 62,511 56,753 12,209 Other 895,632 885,612 805,133 355,981 133,683 368,878 389,277 7,667,977 22,082,323 16,165,264 $856,351:■« 64,483 $2,114,648 $2,043,642 87,208 96,699 $920,834 $2,201,856 $2,140,341 43,320 income 136,009 217,051 203,522 Int. on Int. on debt unfunded 72,893 Net Anthony, President, recently announced that this company's division had been sold to Federal Electric Products ' . . * 71,327 " Earns, division's products consist of heavy industrial switches, circuit breakers, panel boards and similar items.- dividends per service June— $0.84 Samuel tained M. has Stone Period End. June 30— resigned Chairman as the board, of but re¬ membership on the board, however. Stone resigned the presidency three months Mr. and 159, succeeded was in that of ill H. Anthony. because ago by Graham position 2413.' p. Gross ' ' 'Gross from from Net Net Columbia Gas & Electric Corp.—Extension Granted— The SEC the original 1,877,860 Provision for deprec—. Provision for taxes 571,415 income— The maturing in notes road's former for redemption on Sept. 29 its secured 1954. These notes represent the balance With their retirement, the road will June • debt since its reorganization on *On Ry. expenses oper. $15,960,440 $15,487,405 $90,861,973 *9,695,848 8,647,105 *56,016,277 $87,314,137 48.954,126 $38,360,011 22,118,021 *$626,000 included in June and $3,761,000 in the six months' period of 1944 due to increased wages and applicable payroll taxes not in effect last year, tAiter accruals for Federal taxes.—V. 160, p. 5. oper. $6,840,300 $34,845,696 3,097,363 14,393,915 $6,264,592 tNet ry. oper. income— 2,497,630 Net fm. rev. ry. let ry. $1,916,129 429,036 601,494 377,360 432,707 219,362 371,404 246,662 income— oper. 144,361 let railway—.— let income— 1,529,546 oper. ry. 160, -V. 2,916,641 5. p. 8,984,542 1,731,252 426,162 10,725,615 2,114,871 813,011 12,730,661 3,457,166 2,299,142 13,363,326 railway from from Sundry Lines, Inc.—Service Restored of return new vital estored military cargo, it its third round trip ackson, Miss., on July 15. ntil 1943. 1, Aug. Douglas planes from the pos- mail recently announced. The line from Memphis to New Orleans via was The company operated three • daily flights the and expenses Federal inc. civilian passengers. Chicago arid Southern will also inaug¬ a sixth round trip from Memphis to Chicago on Sept. 1. company begins service to Greenwood, Miss., on Aug. 1.— for rate The ■i Chicago Surface Lines—Seeks Dismissal petitions filed against the companies com¬ and three were not Trust & Savings Bank, The First bondholders' committees of Chicago Railways Co., The Chicago City Railway Co., and the Calumet & South Chicago Railway Co. asked the Federal District Court to act on the city's unified traction plan.—V. 160, p. 116. in Clinchfield RR.—Earnings— $963,434 $1,028,777 $980,170 railway—— from it ry. 1941 $1,134,805 573,688 453,143 600,493 597,644 income— 472,433 340,295 505,153 railway oper. 3,732 ry. V. 6,546,378 6,018,309 railway—— from :t 3,887,378 income— 116. 3,198,269 3,529,067 2,840,233 2,793,453 railway oper. 160, p. 3,391,144 5,361,465 3,171,004 2,746,712 dividends The company ked the SEC and its subsidiary, Federal Light & Traction Co.. have extend for one year to Aug. 17. 1945. the time for to tegrating their systems under impany Act. In their joint applications both ey Co. ranged for tthel Gas Power i. the terms of the Utility Holding companies cite the progress which integration. has disposed of its interest in Public of Colorado and Durham Public Service Co., and has the sale of its City Light & Traction Co. and Danbury & have made to date toward Service Power & Light Cities rvice with 17,411 16,149 1,097- 835 . & Electric Light Co. preparing to merge Empire District Electric adjacent system properties preparatory to sale of the com¬ & Light is also $6,719,800 $8,670,908 2,853,971 $1.75 2,853.971 2,853,971 $2^.35 $2.88 - share—— all depreciation, before but charges, 159, p. Federal and depletion 2?1. 14,936 30, June Sheet, $33,757 1944 1944, as authorized by Board total, $2,473,891. *'l ' ' 6 Mos. End, June 30— ♦Net Shares Liabilities—Liability for stock purchased ($113,019 on a when issued basis), taxes p. ar.d accrued accounts payable $115,143; the for income on stock, $67,571; $1,892,783; ended months six June taxes, $2,229; Federal 30, 1944 (est.), $900; stock (par $1), $318,428; capital $76,838; total, $2,473,891.—V. 159, common earned surplus, yC- 1969, Gross $16,837,229 $16,170,717$208,289,075$191,255,324 revenue Operating and for for 83,469,093 1,948,619 1,845,303 23.382,542 4,715,793 60,281,095 income Interest stock Other 1,327,730 1,371,737 16,216,148 976,853 11,430,323 223,611 1,707,308 11,721,918 2,558,276 territory served 081,488 as an for the week ended July 27, with 239,222,523 for compared Conlon Corp.—To Redeem 6% the of outstanding Payment interest. Co.. p. 1944, amounted to 248,the corresponding week trustee, successor 6% 10-year fund debenture gold at, 102 % and 1944, 1, the City National Bank & Trust Salle St., Chicago, 111.—V, 160, be made at 208 So, La income 2 1944 6 Mos. End. June 30— Cash $338,910 income— dividend income Interest . 12,126 —— 1,164 income income 12,800,793 ' 810,000 „— Net inc., excl. and gains 1943 $323,750 10,888 1,318 Deficit output of elec¬ week ended July with 208,500,000 of 19.6%. Local kwh., compared of last year, a for intention of cap. losses— six 1942 $323,910 113,908 11,750 1941 $296,151 8,129 9,298 Net from Net ry. Corp.—Retires Treasury Stock— on —V. railway income 221. oper. p. June 30, from Net ry. „ From of June 30, if)44 Assets—Cash, $293,859; investments, $11,963,070; investment—wholly- 1941 $2,368,960 487,518 1,573,758 1,509,502 282,016 33,908,683 15,039,727 21,069,806 7,078,783 7,063,907 8,627,905 5,514,318 12,754,857 1,882,915 548,650 f Ry.—Earnings— P43 1944 from Net qualify 1942 $4,215,403 1,766,749 805,260 Salt Lake June— Gross RR.—Earnings— 1943 $5,990,583 2,718,870 33,774,449 10,624,391 income railway Denver & $284,703 268,042 — $5,453,893 1,345,594 1— Jan. 160, , railway from from as Grande Western railway oper. From ry. Sheet $1.59 earnings 1944 from Gross railway railway oper. income— : $264,528 1— Jan. 1941 $206,889 $117,786 18,054 38,449 ♦23,986 8,720 27,558 1942 $194,508 v, 31,274 63,649 3,943 898,750 1,621,740 1,493,066 1,176,529 279,703 413,133 250,449 68,776 railway 393,946 495,336 392,237 210,529 income— ♦Deficit.—V. 160, p. 7. Gross Net Balance f$223,558 $1.30 r July 24 authorized the retirement of 18.4*0 company's common stock held int the treasury.This shares outstanding. Sales of the company continue low with profits affected accordingly, H. M. Stein, President, said. In the current year it will be increasingly difficult to obtain merchandise to obtain a profitable volume of sales, he said.—-V. 159, p. 2633. Net ended $494,424 $1.24 the of Net 201,032 $148,471 202,000 leaves 28,876 $416,371 860,083 3,795,000 $0.96 stockholders The $313,578 $285,167 201,032 860,0833,795,000 for the first six months of 1944, it is will benefit from the unused excess profits credit carry-back provision of the Federal income tax laws to the extent of $405,000. This amount is not included in the above figures and is equivalent, after preferred dividends, to 16 cents a share on common stock. tProfit.—V. 159, p. 2414. 33,197 to $4,878,641 $4,160,660 $858,256 of basis the $449,568 $316,131 months trustees 14,903.200 750,000 estimated that the company 35,590 201,032 the 18,224,979 111,531,114 750,000 750,000 860,062 3,283,133 share per Denver & Rio provision has been made the of 1941 $9,502,423 1,029,418 $3,994,724 .June— for Federal income taxes on the 1944, as it is the present the trust for the year ending Dec. 31, 1944, as a regulated investment company. In that event all dividends paid in 1944 will be taxable to the recipient. income (& Subs.)—Earnings— 860,062 3,283,133 —— Earnings $335,957 15,200 paid Note—No from 1941 because credit.—V. 159, p. 1970. *$3,284,939 dividends dividends 36,069 _ Dividends tax recoverable $6,895,733 $12,969,703 $16,441,774 $10,531,841 profit Common $352,200 — Expenses taxes income etc. taxes, shares announced that System tricity (electricity generated and purchased* for the 30, 1944, amounted to 167,600,000 kwh., compared kwh. for the corresponding week of 1943, a decrease distribution of electricity amounted to 158,800,000 with 191,800,000 kwh. for the corresponding week decrease of 17.2%.—V. 160, p. 429. , Aug. on income 1943 1942 $6,269,396 $12,337,790 $15,931,667 626,337 631,914 510,107 — & State Federal Davega Stores Consolidated Edison Co. of New York, Inc.—Output— company State and 1944 operation- from Other income 221. The profits $248,460 excess Corn Products Refining Co. ♦On Debenture Bonds— sinking for redemption as of Oct. will Federal for 1942. Act of 6 Mos. End. June 30— Net increase of 8,858,965 or 3.70%.—V, 160, p, 428. bonds have been called $225,700 carryback of unused excess profits tax Preferred kilowatt-hour output of electric energy of subsidiaries corporation adjusted to show general business conditions of weekly this $1.25 $923,286 $11,802,565 $12,568,798 $910,871 Weekly Output— of $1.06 profits tax, net credit of $115,091 for estimated recovery profits taxes in accordance with the provisions of the Depreciation income The of deduction Total — deductions Net $0.85 16,556,014 928,254 80,980 subs $0.49 excess SIncludes preferred on of $3,495,487 $41,156,345 $43,405,007 $3,247,835 _ Dividends 514,864 charges, excess 1941 Profits Gross all Revenue 22,634,566 57,127,420 $702,522 514,864 68.088,330 5,063,507 taxes $597,868 514,864 and excess JAfter of 1941 11942 tl943 t$485,777 share per . 514.864 stock— including depreciation, Federal and State income profits taxes in 1943, 1942 and 1941. No provision Federal and State income taxes required in 1944. tRevised. for deprec. amortization Provision 6,114,134 6,577,268 expenses Provision Subs.)—Earns.— 1944 ; §$298,060 — common *After taxes, 1944—12 Mos.—1943 1944—Month—1943 earnings Earnings and Period End. June 30— capital stock for $2,616,900, according to a report and Exchange Commission.—V. 160, p. 7. : .. ! i. r.H. ft i:: Co. Copperweld Steel Co.—Earnings— y accrued interest on bonds, $2,574; investments (less reserve to reduce to ag¬ $125; Marine filed with corporation has purchased all the 20,130 shares of Gray the Securities deposits, $57,278; $3,141,501), $2,413,915; Corp.—Acquisition— Continental Motors — Motor $25,932 $29,439 $21,793 -. Federal income taxes Integration Deadline— $4,987,331 2,853,971 $2.08 $20) (par per ♦After Gross SEC to Ex- 8,326,180 $48,694 of 1 receivable, Directors, Other Power & Light Co.—Asks 8,172,119 $5,941,138 shares 9,810,686 outstanding Earnings * - 11,343,907 prof, taxes exc. profit Com. gregate quoted market prices at June 30, Total Cities Service nd $43,343 Consolidated Investment Trust—Earnings— 7,257,860 from :t 1941 $45,844 2,850 •• 1942 1941 ; $17,285,045 $14,798,017 $14,891,919 $16,997,083 Deprec., depl. & Federal 72 $45,686. From Jan. 1— :oss $4,059,775 $4,150,586 1943 1944 1 — 527,215 from :t 1942 1943 1944 June— ross 391,670 12 Mos. End. June 30— , , Dismissal of Bankruptcy good faith. The Harris National Bank of Chicago, and filed , $39,996 3,275 360 • Balance All bankruptcy of • excl. trans. Assets—Demand Proceedingsprising the Surface Lines is sought by two Chicago banks bondholders* committees on the ground that the petitions $350,694 3,424,819 ,•••■ 3,424,818 2633. p. ♦Profit Net 1942 - $42,953 11,606 taxes,. income, secur. in 1943, ,159, p. 2632. 285,427 stock etc 159, The , General Traffic Manager, also announced that on ug. 1 the company would inaugrate a second schedule between hicago and Houston, serving St. Louis, Memphis, Little Rock and hreveport. The line has been operating' *<Jne round trip daily to nd from the Southwest. Twor, In addition to these improvements in service which provide more pace I- 1943 $34,233 General company Heininger, L. R. renegotiation. to • ■ [ouston. 285,427 stocks.— pfd. on taxes,—V. Armed also began operating four flights etween Chicago via St. Louis. This includes three -ips from New Orleans and the line's presently operating service from July 15 Memphis of As tSubject stock. Commonwealth & Southern Corp. (& 21-passenger two the company's service to pre-war levels, makes schedules and provides more room for passengers, air nd $0.22 of restores ible $1,220,324 $0.46 3,818 ' > income Total Pre-War Levels— The 4,723,297 $7,876,262 Continental Can Co., Inc.—Earnings— 2,648,300 $1,157,428 $0.44 $30,055 ^ income preferred . Chicago & Southern Air orces 2,566,500 $568,695 common ' — 4,743,583 $7,575,405 ' surplus, o —V. of From Jan. 1— Jross 1,169,400 1944. interest Bond $1,658,480 railway from let $2,129,008 of 6 Mos. End. June 30— Dividends 386,405 $636,121 $262,306 pfd. on inc. & 1941 $2,188,137 railway from 1942 1943 1944 June— Iross Ry.—Earnings 391,041 $547,734 $3,868,624 159, p. 1757. Net Chicago St. Paul Minneapolis & Omaha shares $1,022,525 $12,318,988 $12,599,559 de¬ Balance Commonwealth Securities, Inc.—Earnings— 1944—6 Mos.—1943 1944—Month—1943 V revenue oper. ry. share.— 2,636,878 $3,723,928 $1,738,095 $594,968 $0.23 7,511,824 14,495,166 . 17,274,317 (Including Wholly Owned Subsidiaries) ■" ' " per 1944—6 Mos—1943 1944—3 Mos.—1943 $1,925,918 profits —1,330,950 1,360,487 5938,774 other income Divs. (& Subs.)—Earnings— taxes—. exc. : "Earnings —V. Period End June 30— Fed. & tNet income Chicago Rock Island & Pacific Ry.—Earnings— Total bef. Inc. taxes bank loans. paid off about $39,000,000 of 1, last.—V. 160, p. 428. have Net Amort, Period End. June 30— Fed. called has company 4% the the transactions were to be com¬ Commercial Solvents Corp. 7,292,554 Profit serial and expense, 12,846,513 6,852,226 567,290* 1,418,635 ductions subsidiaries to extend to Nov. 20 Electric Corp. period in which 60-day Interest 49,545,956 To Redeem Notes— of Gas & 1944—12 Mos.—1943 $4,636,930 $59,593,012 $55,108,529 1,686,628 23,147,481 20,501,979 $4,806,684 expenses the merger 1 modified its June 23 order approving Aug. on of four Columbia pleted.—V. 160. p. 6. 61,859,607 17,251,160 9,791,718 76,698,697 27,369,475 15,250,034 80,752,431 23,401,170 11,850,393 railway railway oper. ry. 1,901,100 2192. p. ^ 1— Jan. From 2,964,352 $1.00 159, 1944—Month—1943 revenue Operating his health, $9,591,288 $14,204,516 $13,925,387 $11,827,363 4,524,791 5,244,365 4,261,689 iNet from railway——— 2,040,946 2,958,637 2,726,445 Net ry. oper. income— 72,661 $0.39 :• Consumers Power Co.—Earnings- 1941 railway from < vv.y : Gross, income Gross 689,422 $708,617 $1.38 ■ including coal produced and purchased.—V. Chairman Resigns— • —V. 1942 1943 - 634,376 $954,545 275,091 $288,549 _ share- com. 110.507 69,294 384,312 $576,623 income Preferred , . 126,871 480,380 v * Prov. for Fed. inc. taxes products 485,486 51,068 3,645 577 233,135 262,314 147,770 v-', 98 349 debt- Depletion 6. Co., of Newark, N. J. Chicago & North Western Ry.—Earnings— 1944 ■ ' funded Depreciation ap¬ Circuit S. some time this fall in the U. Seventh Circuit.—V. 160, p. 116. heard be of Appeals for the royalties 28,549 858,029 income— p. Graham electric •11,670,122 $1,251,605 & $137,743 302,670 - 1,587,058 1941 1— railway 1,399,918 $8,524,328 $24,196,971 $18,208,906 $1,294,926 railway oper. 775,944 745,933 taxes, expenses, insur. 1942 .' $127,087 24,060 18,462 37,709 railway $7,748,385 $22,797,052 $16,621,848 other from inc. operating sources —Oper. Earnings- $124,364 railway oper. From Gross ,* . will case Gross $12,175,794 : $12,921,727 1944 ry. filed debtor.■ Court 3,716,826 1944—6 Mos.—1943 ' the to ; < Colorado & Wyoming Ry.- equipment, order of Federal Judge Igoe plan of reorganization of the road, signed by counsel representing the two groups of adjustment bondholders, trustee of the adjustment mortgage and the June 160, p. 6., The modified the proving 353,318 June— 62,107,133 109,035,829 105,535.415 79,560,992 32,169,648 42,376,554 '24,685,673 15,245,298 28,038,227 13,581,357 rai.way railway— notices Four 900,023 954,141 - Colt's Patent Fire Arms Mfg. Co.—Sells Division- Appeals Against Plan— • —V. 1— oper. 1,421,669 1,523,731 1,699,143 railway Jan. from Gross $14,264,351 $11,526,354 4,550,320 2,565,892 . Net $18,720,427 $18,949,856 railway oper. From 1941 1942 1943 1944 6,601,215 1,560,472 income coal of public 7,878,516 2,953,387 railway— railway oper. Net June— Gross ry. Net 428. p. from Net 1944—3 Mos.—1943 Period End. June 30— 1— Jan. from Net $864,209 282,645 156,838 $911,912 railway- from Net 1941 1942 1943 1944 y from Gross From ; Gross payable, $2,095; provision for taxes, $19 523* shares of $1 par value),- $335,054; paid-in sur¬ capital gain surplus, $2,908,272; income surplus $13,106,319.—V. 159, p. 2413. ' (335,054 $9,764,176; ♦Sales Chicago Indianapolis & Louisville Ry.- of $15,270), $770,394- divi¬ receivable, $2 172* notes and items, $425; total, $13,106,319. reserve deferred Liabilities—Accounts $77,200; 1942 $860,133 - (less accrued interest $66,609; ; 1943 $142,329 259,065 ' railway oper. Earnings- 1944 $1,397,657 499,562 railway subsidiary $9,790; receivable, capital stock -" - estate real dends receivable, to p.'6,.- '. 160, Colorado & Southern Ry. 10,002,619 11,668,399 3,715,685 1,214,696 14,672,546 5,575,916 15,325,813 railway p. stock. ;" latter plus, railway 160, $2,412,524 886,023 company's September. 1— oper. ry. —V. 1941 259,250 $2,499,388 railway Jan. from 1942 1943 1944 V" railway open From • ; 533 Net from from ry. railway oper. » ♦ 1943 1942 1941 $86,473 railway from Gross $30,055 $84,916 $83,331 railway—____ 12,238 8.385 22,488 oper. income— 6,671 2,575 15,165 Jan. ry. From from Gross Net from Net ry. —V. 475,115 77,293 18,102 160, 7. p. 1 435,196 102,351 V 42,723 1,0.96 58,081 Total interest Total were Income ' 1 - Earns, 725,640 15,556 —V. ,» Gross .income 1943 1,966,720 54,443 $302,988 $281,712 $291,571 railway— 125,540 117,903 127,213 Net income— 50,906 35,280 41,376 ry. railway 2,297.287 1,191,732 362,832 2,232,855 1,252,358 464,798 2.101,460 1,090,644 385,233 / 2,127,206 1,192,807 501,558 railway oper. from Net from Net ry. —V. $329,507 174,273 Other expenses declared received 'After deducting if any, effect, Control sub-contracts, and Services of Net ry. railway— 3,854,018 income— . 2,110,074 • 4,095,580 $4,532,313 3,360,767 977,780 From Jan. 1— , from from Net Net 6,177,961 4,602,438 3,194,482 1,635,592 railway- income— oper. ry. «i—V. Net from Net ry. Common from Gross from Accrued Reserves (appro, 89,200 Deferred credits 66,183 Capital surplus 1,460,031 497,848 314,449 436,388 356,471 203,982 Railway oper. revenues Railway oper. exoenses $6,931,882 4,441,896 $6,996,295 3,991,458 305,666 1,559,334 1,818,809 250,228 Taxes 522,243 income 81,001 $175,737 $952,303 expenses Pfd. income 404,362 582,357 $382,189 $454,828 for 1943. 72,192 ; 66,792 applic. $38,256 „— $75,478 *1944 —V. declared income net ' » before Electric Bond & In provision losses retirement for Business </' .*■ ( • , to the tasks in but also both in this other types of business, to country Other be at the post-war period. is It the increasing that $33,895,500 of flow preferred income, authorizations all under of amount the stock outstanding, as well as company's officers make known of the SEC stock of preferred has to declared June to 1944, 30, a total the date when 1941, 22, last. June On for remained for to 30, further Jan. 2, stated & ment now nor expire Aug. The 2, authorization SEC 1944 has been Bond Foreign for and Power Co., of Inc., the and that while "neither the diffi-v the in Accounts American United v & Gas Corp Inc.i United Gas Public Service Co. 6% Cuban 1948— Electric Co. 6% debs, - Stocks and Ezasco Services Cash banks—on in Associate Others Total 200 _. stock $6 stock stock ($5 (no par) ' — Others Accrued ——612,065 declared Capital involved." acute shortages of critical materials and with about 9,500 in the nation's armed forces, Bond and Share System operating companies never faltered in meeting the 1943 demands placed upon them, the report continues. Every war power demand for electricity and gas was met. Every essential civilian need was sup¬ plied. There was no rationing of power, and the price of electric and gas service continued to drop in the face of heavy increases the cost of general for cost their running the business and of living. loyalty and A tribute hard work is a paid in making this war performance 1,922,617 ' During the year, the System's input of electricity was 31,109,789 000 up 2.5% over 1942. This production of power, the points out, fs equal to the muscle work of the nation's entire civilian labor force working for 2^ years. Gas sales rose 13% to kilowatt hours, 343,357,643,000 cubic feet. Passengers carried on the System's trans- R. issued the Inc., (Texas) 1553. in exchange for the stock certificates Davis, the operating of week Ford, July 27, 1944, Power Power week during & The , line, Mr. Davis stressed, would be r , v. and Lincoln cars. L . „ he added, would streamline the company's production, company's desire to "meet the need for economy war," and would also be in line with Henry Ford's philosophy Mercury new . line, after the of establishing the lowest prices consistent 2196. *' :V 'V v'' 1944 -1943 192,306 185,709 Electric 102.980 Increase Amount Percent 6,597>* 3.6 * 103,091 99,838 100,007 Power National Power & Light Cprp. Light Co.— & d Indicates decrease. The figures above . with performance.—V. 159, ' Hid " O.ld 169d 0.2d do not include the System inputs panies not appearing in both periods.—V. 160, p. 429., • ' of any com¬ corporation announces Fruehauf Trailer Co.—Listing of The - Inc.—Correction- that the second paragraph of the item which appeared in last week's "Chronicle" should have read as follows", r "Right now the Government's industrial alcohol program, calling for approximately 632,000,000 gallons of alcohol this year, is heavily taxing the production facilities of the malting industry, and the Froedert company, which is the largest commercial malting firm in the world and operates two plants in Milwaukee, a plant in Detroit, and a plant at Winona, Minn., is producing at top capacity, Kurtis R. Froedtert. Chairman and President, said." See V. 160, p. 430. The System inputs of client Inc., which are subsidiaries the ——Thousands of Kilowatt-Hours Operating Subsidiaries of: of the famous supplementary to the regula w; of Ebasco Services & Light Co., Electric Power & Light Corp. and Light Co., as compared with the corresponding 1943 were as follows: 'V reports that the com¬ in accordance with the Inc.—Weekly Input-— companies American National ended Postwar Car— director of sales, lias confirmed Froedtert Grain & Malting Co., Ebasco Services For 695 shares, all the stockholders of Coastal American Trust Co., San Jose 1944.—V. 160, p. 430. with p. , outstanding capital (that is, the common stoc capital stock of Coastal Chemical _59,482,230 - and after the war, would produce a modernized version 'A" Ford, to sell in the neighborhood of $500. This 3,518.065' American Power & Light Co.—____ report Co., 530,617,369""548,883,343 — sharp upward trend in the to the System's employees possible. acquire all Chemical That the plan become effective upon Model Despite employees in of shares applied for 428,038. 18, 1944, the following plan number Inc. pany, 4,893,982 59,980,282 Exchange has authorized the listing of 1,362 stock (par $10) upon official notice o total Ford Motor Co. of Detroit—$500 J. 60,741 ■ to the effective Branch, San Jo6e, Calif., on or before July 1, 200 323,028,226 320,089,320 surplus p. ' 1944, class), solely by issuing 1,362 shares of company the (2) 310,358 Total 159, . 30, from June annum common the company Coastal same Co., 2,248,129 from capital surplus) surplus Earned That of of 4,893,982 ' taxes (appro, credits - 1,618,875 this problems 3,664 preferred stock meeting of the directors held May a of the 26,939,700 22,470,000 89,200,000 105,724,700. 26,251,788 26,251,788 par) Accounts payable :; Associate companies 6% adopted: stock 104,105 of shares making depositing (no par)__ its holders public 159, p. 2518. Stock York New .-.'..%/(!) 200 , $5 preferred preferred - 530,617,369 548,883,343 Liabilities— —V. VAt was 10,006 ' 107,466-' : — Common " 1,129 assets Prepayments - The 543,227- 256,775 companies— „_—— current per of the plan.—V. issuance, 7,390,829 5,367,825 " securities. the • interest receivable Accrued Other demand cash invest-short-term Temporary 6% of rate the additional 405,672,265 405,679,127 9,596,385 17,688,732 miscellaneous to pay ! Food Machinery Corp.—Listing of Additional Common 1,690,000 1,690,000 and will Stock—Acquisition— v| Inc System companies at date 25,000,000 19,500,000 3,264,997' 413,204 of cooperatives whether General Gas should interest in Georgia Power to the co-ops instead couple sell its surrender of certificates for cancellation, $150 in cash for each liquidation value of $100 plus the cash discounted of the arrears in dividends, and will also pay dividends in cash value 5,037,120 19,500,000 companies Option Warrants 600 and Part share held, based on 27,925,000 50,000 25,000,000 debs. '53 Other—System to Georgia upon r - 5,037,120 by required 35,000,000 50,000 Lgt. Co. 1st mtge. 43/4s, 1965 ■ a cash. in of to Florida Power. ,. , common Florida will donate to Georgia the 4,200 shares of preferred and of the fcommon of Georgia received from Gfeneral Gas $ . 27,925,000 . Inc •••■■ Texas Pwr. & ; I. 30,000,000 _ Services Ebasco $ Receivable Foreign Power Co., Bonds Reserves years, it time required to realize the maximum possibilities foreign situation should be underestimated, every effort is being exerted to find the best ultimate solution of the many inherent and Notes Florida for $75,600 to plan General Gas will sell to shares of Georgia preferred and will donate stock of Georgia and $310,600 in cash. 4,200 the of the proceeds by Florida of the sale of preferred stock, as well as cash received from General Gas and treasury funds will be used by Florida to make the cash donation to Georgia. The Commission will hold an oral argument on Aug. 10 on the issue 1943 1944 (Ledger Value) " Deferred some $280,000,000, of the cash $1,400,000 V ;*■;%-:v shares shares „ 7,695,442 6,827,534 1,922,617 %v.;iV::S* Securities & Advances Invest. extended securities »■< 4,200 the proposed Under • in Power Corp. and Florida all Comparative Balance Sheet,' June 30 is of costing in Electric & owns V • 1,618,875 foreign operations has been showing improve¬ number a investment Share's and Georgia Power are controlled by General which owns, all the 21,650 outstanding shares of of preferred stock of Georgia, and also all the 3,000,000 common shares of Florida. Florida Both $5,144,825- $5,621,374 - unde- or Dividends to the trend that culty to was $6,196,552. 1945. regard American purchases began, to $111,670,000 at June 30 the latest authorization of the SEC there purchases which repurchase With under $1,298,373 Assets— been purchased at a total cost The reduction in preferred stock dividend requirements resulting from these total purchases amounts to $1,958,430 per year.1 Preferred stock liability has been reduced from $145,565,500 at Sept.; Of of $25,122,794. $1,112,055 income clared Expressing their belief that the solution of the company's presently income situation is wrapped up largely in a program of further the 250,355 71,165 156,542 is $3,475,670. premiums, Gas used to redeem called at $52.50 ($100 par) preferred which is to be cost of the redemption, including share and 28,762 shares of 7% called at $110 per share. Total $8,842,875 2,435,861 " 229,851 555,789 $8,451,002 2,131,127 - 295,705 879,345 612,221 74,328 by the successful bidder. Proceeds will be ($50 par) preferred which is to be named raised : - adverse reducing 1,372,239 Preferred as Step in Light Co.- 5,940 shares of 7% per ; ; in 7,702,832 ' , stk. divs. applic. periods, whether Pfd. and. this combination of capital and skilled, organized manpower, plus this outstanding record,, ■which justifies the belief that, with stockholder support, the future of Bond and Share, following the present period of transition, will continue to be one of vigorous business enterprise and constructive progress." .;-p premium - $2,138,301 448,728 expenses Net ■ company a $1,885,466 taxes— income taxes Other has a record of almost four decades culminating In the building of one of the largest and most successful business, enterprises in the world," Messrs. Groesbeck and Murphy set forth. "Skilled business and technical men in combination with capital will "The , $1,347,857 income Gross Federal of foreign countries. 2,285,241 , common • producing goods and services for the public, Jobs for men, and earnings for the company's stockholders," once the requirements of the Holding Company Act are met, according to' the company's report for 1943 and for the first quarter of 1944. The report together with the June 30, 1944 financial statements madepublic Aug. 4 is signed by C. E. Groesbeck, Chairman and S. W. Murphy, PresidentPointing out that although the company has already undergone many changes and that still further major revisions in its operations, and investments will be necessary in order to comply finally with the Act, the report states that it is planned that Ebasco Services, Inc., the company's wholly-owned service subsidiary, with its skilled tech¬ nical, research and operating staff of some 550 persons, not only, continue to sell to its wide range of services to public utility com¬ panies, 15,131 income Despite Holding Company Act— "creative $1,663,055 460,115 15,367 Other ; Quarter 1944—12 Mos.—1943 $6,122,033 $6,917,552 2,267,794 ' 1,868,996 - ; 61,175 56,327 30 June 522,242 interest dividends Company plans to devote its assets of capital and skilled manpower Income of 1944—3 Mos.—1943 Period End. June 30— . Total Stay Co.—Annual Report—To Share 6,852,402 3,648,367 2,871,029 5,611,331 corporation has filed a registration statement with the SEC another step in the voluntary recapitalization plan of Georgia Power JLight Co. under section 1,1 (E) of the Public Utility vHolding- Cqm» pany.Act. v . : f- f Florida registered 40,000 shares ($100 par) cumulative preferred stock which is to be sold at competitive bidding. Dividend rate will be Statement 7,131,275 1,922,617 1,656,975 .■ * , » t. 1 as unde¬ or Total ' ' 9,112,819 9,803,365 18,343,109 8,764,586 3,841,266 railway railway The 612,001 . fi,. i Comparative 160, p.:8. f 18,055^379 4,553 *92,249 Florida Power Corp.—Registers 229,533. hi- whether periods, clared income •Net - from ry. Recap Plan of Georgia Power & 2,521,787. $5,331;142:< $5,593,340 $1,3**4,737 $1,214,772 stk.divs. to etc. rents, ' 785,533 847,103 & debt,; ■ 68,759 $617,349 1,463,551 oper. income— * Deficit.—V. 160, p. 9. " Net inc.- funded on Net Net $8,956,661 292.541 124,478 1941 $1,252,384 415,958 324,545 $2,765,177 1,123,242 415,096 52,046 , $8,703,836 2,294,620 449,357 taxes.. Other 644,203 216,659 taxes— income ;; 1942 1943 1944 $2,602,068 income— oper. from Gross / v'*'* corporate Gross Interest 60,939 ry. ' ' railway railway—___ From Jan, 1— , $2,162,177. $1,961,789 income Gross Federal $1,210,307 21,651 /, ... ' $930,652 4,102 $132,599 Jt *14,682 $1,425,972 income , $1,186,028 24,279 $171,635 3,289 .,.$129,310 revenues— oper, $1,699,667 447,828 13,574 < from Net 1944—12 Mos.—1943 $6,437,231 $7,025,849 > 2,205,666 i 1,878,766 1944—3 Mos.—1943 interest Other Net r Other Net 537,231,037 550,512,911 —— ■>'" , from Gross Comparative Statement of Income March 31 Quarter Other 1944—6 Mos.—1943 1944—Month—1943 $1,142,603 $1,110,273 763,065 632,972 Florida East Coast Ry.—EarningsJune— - 61,064,936 58,853,304 s Total dividends Massachusetts Street Railway—Earnings— 4,893,982 322,380,312 319,961,175 —, cash $1, both payable Oct. 15 dividend of 2% in stock was par 67,841 —— — Period End. Mar. 31— . Period End. June 30— surplus) from cap. extra an quarterly stock, common 3,530,382 33.023 — Total Total ; 1,731,366 surplus 1,892,322 taxes 43,686 1,924,221- 3,399,333 4,893,982 declared Dividends 200 200 144,329 declared usual the and the on have directors The stock — 1941 2,000,892 577.407 26,251,788 _ $288,269 income 117. Eastern 26,251,788 « payable >, companies 1942 2,133,386 501,442 : reserve dividend of 5% in common dividend of 30 cents per share to holders of record Oct. 4. An extra paid on July i.5, last, as against an extra of 15 cents in cash on April 15, 1944 and an extra of 25 cents in cash on Jan, 15,1944. and an extra of 25 cents in cash on Jan. 15, 1944.—V. 159, p. 2079. .26,960,000 105,814,700 24,599,700 par; Others $364,948 366,230 railway. railway Net ry. oper. —V. 160, p. ($5 1943 From Jan. 1— Net stock $394,054 155,034 136,742 81,018 200 $169; $332,373; taxes), Eversharp, Inc.—5% Stock Distribution— Earned income— $19,348,235; total, payable, $1,709; employees' deposits for war for taxes (including estimated Federal participating stock (175,585 no par shares). $1,382,732; common stock (400,000 shares, no par), $1,000,000; capital and paid-in surplus, $7,327,488; earned surplus, $16,691,851 unrealized depreciation in investments, Dr$4,676,448; total, $22,059,874.—V. 159, purchases. income 119,124 94,944,700 preferred stock (no par) preferred stock (no par) 1944 railway oper. on in investments of $4,676,448), depreciation J>. 549. 7,556,730 . its termination. 537,231,037 550,512,911 4,155,523 103,337 accounts of United Gas & hand, $2,309,389; accounts receivable, accrued, $401,698; investments (less un* banks and in and dividends interest bond Liabilities— $6 Ry.—Earnings— „ includes Liabilities—Accounts 595,530 8,109 200 1943 account for $22,059,874. 3,584,516 H 6,353,935 38,347 *'■ • realized 18,850,320 securities- 749 $121,893 .*$211,641 *$2,435,372 Assets—Cash $552; 406,148,577 10,289,585 — $365,008 69,234 49,876 railway.., 405,672,265 —' 100,919 Balance Sheet; June 30, 1944 - 397,616 Associate V from demand— 148,116 $223,565 263,378 Electric Corp. up to the date of 2,090,000 •v 1,690,000 5,767 Accounts Duluth South Shore & Atlantic - Total * June— 3,264,997 _ 2,731,056 $51,737 *$2,435,272 company 19,500,000 3,040,621 •_ $371,682 pfd. stock of sub. in hands Note—Income 25,000,000 19,500,000 assets Prepayments 1,748 * $295,783 stockholders' int. in income of *Loss. < 5,037,120 25,000,000 1948—„— debs., - > 204,500 Balance 27,925,000 5,037,120 companies current Other $5 160, p. 8. Gross . $256,237 35,000,000 interest receivable 12,681,770 15,391,535 8,702,175 2,259,286 12,353,832 15,358,704 railway... 6% companies in banks—on Accrued 1,517 76 . public subsidiary 50,000 Temporary cash invest.—short-term - Gross —— r System companies and miscellaneous—,—— 2,617.330 $5,575,539 $5,421,310 3,698,126 1,293,295 $5,835,227 _ oper. — Inc.. Co. Other—System Cash deductions income sales of investments on on of Min. ;•$ 620,000 35,000,000 27,925,000 Others 1941 1942 1943 railway—— from Net Co., Inc. due 1945 Inc.—, Stocks and Option Warrants Ebasco Services Inc 1944 1944 "/ $ Power Co., Corp Electric Cuban Duluth Missabe & Iron Range Ry.— -Earnings— June— from & Foreign Gas Associate Gross Div. 1942 1943 Lgt. Co. 1st mtge. 43/4S, 1965 United Gas Public Service Co. 6% debs, '53 y amounted to $5,050,038. com¬ pared with $4,103,781 the corresponding period last year.. Operating profit after depreciation, obsolescence and other charges, but before allowance for taxes, was $767,029 for the first half of 1944 as com¬ pared with $690,047 for the first half of 1943.—V. 159, p. 1350. half first 31 ~ Bonds 1943 as to financial position of the War renegotiation of certain Gov¬ 97,728 281,535 " 157 profit carried to surplus Net : (Ledger Value) Receivable Accounts Ebasco Federal, has been made either for 1944 or the company's which provides for the for sales Net Sheet, Dec. Balance Advances United $0.81" $0.98 $752,847 107,421 201,085 52 „— operating Losses v Securities & American 295,317 $605,860 71,905 148,500 3,446' 7,744,043 7,396,917 1,924,221"; 1,731,367 Texas Pwr. & upon Act. contracts ernment Net American & Foreign Pwr $238,570 and $401,000 in 1943 for $456,000 in 1944 Note—No determination v. 301,157 ' paid contractual Other unde¬ or and $480,164 expenses Taxes, incl. prov. for Fed. inc. taxes $5,659,041 $5,441,107 $1,682,795 ^ taxes. foreign and "-$311,029 Operating 594,608 applic. Assets— Invest. 1942 $694,654 58,193 accrued oi* and div. income Total interest 237,530 whether " Notes 1943 "-$289,047 295,317 1944 share-——;—$1.03 Earnings per Profits 134,600 Comparative Ended June 30— . Net profit after all charges Shares of com. stock outstanding— State 15,084 $1,512,798 divs. periods, clared Subs.)—Earnings— Chemical Co. (& 6 Months the stk . to 160, p. 7. Dewey & ALmy ■ income Net 1943 $546,785 59,075 1944 $419,863 earned Interest ' • $1.45 60,301 6 Months Ended June 30— 2,617,568 449,256 213,019 taxes— taxes Pfd. income— oper. $274,680 189,190 common shares share on per $9,108,747 2,489,467 280,299 693,352 623,043 66,997 Other From Jan. 1—" Gross 1944 30, June and renegotiation- 159, p. 2302. Interest 63,551 railway— from Net $2,281,735. $8,904,225 $2,415,857 — Income Federal 1941 1942 1944 from Gross Ended Months Empire Power Corp. (& Subs.)—Earnings— ; $7,087,584 $1,775,066- $6,710,926 492,515 2,131,252 14,154 62,047 $1,674,661 income Other RR.—Earnings Detroit & Toledo Shore Line June— Pa.—Earnings— Six Net profit after charges and taxes Dividends ? for Account reserve dividends 1". , expenses Comparative Statement of Income Period End. Dec. 31— 1943—3 Mos.—1942 1943—12 Mos.—1942 345,215 14,461 income— operating , 497,809 54,962 railway railway oper. Elliott Co., Jeannette, up $232,480,913, an increase appropriations, amounting to $59,462,325, were 2% less than 1942. Net operating revenues of the System were $127,621,000, ft reduction of 3%. ■ ; ; \ 1— Net $533,598,278, were and Retirement 4%. of 14,495 from sources $114,033,819, 24.049 Net all from 1944 an increase of 22%. Revenues 2%. Taxes increased 4% to 1,156,674,000, portation routes totaled Ry.—Earnings- Detroit & Mackinac June— Monday, August 7, 1944 CHRONICLE THE COMMERCIAL & FINANCIAL 534 shares New of making a York 4V2% total Stock Exchange convertible Additional Stock- has authorized the listing preferred stock, of 75,000 shares of 4'/2% cumulative of 15.000 SlOO) (par convertible preferred stoc Number 4305 .Volume 160 applied of and for; 34,080 stock (par $1), the conversion of the shares shares shares of common additional official notice of issuance pursuant to on of THE COMMERCIAL & FINANCIAL CHRONICLE >' convertible preferred stock, making a total of 584,149 4%% common stock applied for. V S -V;'. ; J'" :>/ Company has sold the 15,000 shares of 4%%> convertible preferred stock at at private sale. The estimated net proceeds after deducting expenses (estimated at $5,000) and compensation of $15,000 to Lehman Brothers and Watling, Lerchen & Co. for services rendered as agents, will be $1,600,000. , to the The Such $108 per share company, issuance of purpose is additional obtain to additional working capital will be available working capital. for general corporate specific application of such funds, including, but limitation, the maintenance of cash balances, the carrying of inventories, accounts receivable and other current items, the financing of notes receivable and future plant expansion and changes not now specifically planned.J pending purposes not by of way employees-on the corporation's of 426,554 employed during the first six months of "During of Reid, Vice-President directors.—V. 160, charge in 118. p. engineering, of have Malcolm elected been . , , the "A General Foods Subsidiary Cos. Period End. June 30— and Canada) 40,910,609 105,710,208 83,053,830 9,421,245 22,831,917 18,446,041 8,538,646 257,565 15,693,055 18,437,200- U. S. 6,029,267 8,796,211 16,041,817 18,833,203 1,500,000 1,435,000 3,600,000 1,700,000 3,746,000 5,400,000 Total Net 264,000 500,000 Prov. 279,000 Net sales- profit 15,627,341 14,873,742 real 168,750 168,750 337,500 ; 8,322,753 and price - : , Net 107,686,000 $41,709,440 $36,316,164 $82,769,895 Divs. 1943 1942 10,392 $49,923 12,495 $45,657 17,137 1941 $52,632 13,781 $60,003 $62,419 8,594 10,905 $62,794 8,425 2,294,555 Net 2,294,555 4,589,110 $51,513' $51,415 i, The : assets net of - the Assets—Securities ferred total, owned $936,000; accrued 031; < stocks, June based 1944, 30, $34,021,609 $78,180,785 32,994,850 21,668,539 66,005,599 43,362,778 43,338,086 44,005,351 43,379,336 interest market: quoted at interest beneficial $318,100; and $3,120,515 General Motors retroactive price and other with the renegotiation of determine fr.-nnd thereby continuing the war production rate at about $4,000,000,000a year, the level first achieved in the fourth quarter of 1943, it was •{•announced Aug. 2 by Alfred P. Sloan, Jr., Chairman, in his quarterly 1 report to the more than 420,000 stockholders of the corporation. "This accomplishment," Mr. Sloan told the stockholders, "is a measure of the operating efficiency and flexibility of the General Motors organization. It gives assurance .that future shifts in produc¬ tion dictated by military needs will be met-and that the required flow of General Motors war products to world battlefronts will be main¬ tained. ' of not $755,175 consolidated and foreign subsidiaries change restrictions. and $1,840,128 and the deductions. • ' be remitted because of foreign ex¬ 377,500,000 campaign 'of 227,517,280 25.000,000' — 564,411,464 134,484,815 50,352,991 27,472,413 378,029,391 receivables "Other Inv. 496,602,092 158,896,694 ' 105,740,107 — cap. to utilization of manpower Total' plant, and of for flow a Accounts Deliveries in r??i- six months are * shown but are the first of in 1944 In Quarter Deliveries— f \Vcir 'UlEtCn&i• Other products , _ , 6 Months Quarter ^ - 81,814,508 1 •" ^ ' -f-- v-:'''' *' 6 Months ' - Mr. 1944 1944 quarters for much as vious three the total years conditions. ' The of reserves post-war contingencies, inas¬ up for this purpose in the preadequate in the light of present for this purpose in the first six meet to $76,051,805 was set considered provision made year amounted to $15,978,012 and reduced period by 27 cents per share of common stock. was called to the fact that there has been ^ months of last " net income v".; deducted a provision of $60,236,000 during the six-month period for price and other adjustments which may arise in connection with renegotiation of war material contracts applicable to sales for the period. The amount of this provision is in accordance with the profit limitation for ( that Net This at adopted working compares June For 30, the corporation. capital at June 30, with $829,238,238 at 1944, Dec. amounted 31, 1943, to $852,092,885. and $727,390,662 & quarter of 1944 there was an average of 475,471 13,886,259 50,236,551 $134,818,378 1,366,900 Motive will continue Fisher F. to serve mem* as Also, in view of the responsibilities Edward F. and Alfred J. Fisher will con¬ Fisher Body Division so long as their services our the to effort." war 222. p. of will include construction of two which announced on July 23 by C. R. Osborn, General Electro-Motive division at La Grange, 111. The ex¬ was the by the increased demand for spar© and locomotives and Electrosaid. He reported that spare parts by Electro-Motive averaged 790,000 pounds a month in had risen to 3,140,000 pounds by March, 1944.—V. 160, rail necessary and Osborn Mr. cars, ' 222. p. Co.—Business Gains General American life Insurance 97% of increase An Life in department, new premium income in tho' of pension trust premiums, wa4 first exclusive year by this company during "the first six months of 1944, as against the first six months of 1943, the company has announced. After analyzing the figures, the company has determined the general upswing in life insurance sales was only a contributing element. Tho major factor was six substantial new general agencies established under the company's intensive agency expansion program inaugurated late last year.—V. 159, p. 2418. • Georgia & Florida—RR.—Earnings— (Including Statesboro Northern Ry.) 1944—6 Mos.—1943 1944—Month—1943 Period End. June 30— £ $197,733 revenues Operating expenses Ry. tax accru. (regular) $167,404 168,784 * 4,722 131,197 4,722 > $980,641 $1;163,119 773,447. 959,025 . 28,332 28,223 18,282 '*•<14,244 ^Ry^'tax accruals '.(Fed.if;.:*^3^ RR. 2,472 3,052 taxing Act, 1937) '• ••• '••• .: tax accruals (Fed. unemploy. insur. RR. 1938) income— rents (net bal¬ 13,140 $140,500 $151,580 4,725 50,202 2,007 12,420 11,91:1 $19,999 $77,878 $111,133 Dr) ance 2,282 • 28,544 , facil. rents (net bal¬ Jt. Dr) ance Net $9,106: income. oper. ry. Dr258 — income Gross Deducts, from 1,088 4,871 r:2,52i) $8,848 Non-oper. income ; 16,979 $26,731 2,817 : oper. Equip, / 7,232 of $18,358 2,020 Act Ry. $21,087 $82,748 $113,660 371 income- . . —Week End. July 21 1944 —V, 363 $20,724 $8,477 to int. Period— revenues 1943 0 2,049- 1,990 $111,613 $80,758 Jan. 1 to July 21— >.%■: $32,600 $39,900 ___ . 1944 1943 $1,280,793 $1,088,240' 430. 160, p. Georgia Power Co.—Earnings— 1944—Month—1943 Period End. June 30Gross expenses- for 468,165 394,300 5,719,656 4,611,300 1,099,882 12,844,483 14,173,675 $725,401 $869,886 301,553 Net 373,281 3,718,634 3,795,309 $423,848 —- $5,385,664 $6,302,470 $2,709,600 deducts.. other stock—— 223,006 $496,604 223,006 .I.....-..—» $200,843 $273,599 income pfd. on 1944—12 Mos.—1943 1,229,610 taxes Gross income & k $3,878,781 $48,747,438 $45,423,133 1,514,713 21,079,001 16.540.373 deprec. for amortization and Int. $3,987,009 1,563,833 revenue— Operating Balance —V. 131,448,259 85,077,233 86,310,878 — 56,696,623 , 159, $9,104,299 $10,097,779 2,676,064 2,676,064 , 60,236,000 64,600,000 42,704.000 13,617,198 42,002,405 Georgia RR—Earnings— from Net ry. 295,783,254 2,864,506 ; 2,294,555 4,419,379 47,108,218 189,662,060 2,737,057 2,294,555 427,465 39,906,183 6,614,267 6,612,879 6,416,658 2,756,162 5,423,808 76,051,805 76,051,805 7,837,330 56,562,971 Net from Net ry- —V. • Deferred income '-Post-war conting. > & rehab. Contingencies & miscell.: V to fgn. subs.- 16.874,756 — Allocable 20,533,536 General . - $5 of stock int.-- pref. Minority 441,043,400 Capital - —p- Total • "Other — accounts (less reserve t Portion 13,185.852 19,051,792 ! 1,888,613 183,564,400 441,043,400 435,000,000 34,841,168 614,859,270 11,944,259 582,802,467 $2,236,372,067 $2,264,718,441 $1,939,235,233 notes receivable, trade acceptances, etc. receivables: 1944, $894,230). held for account of others under cost-plus- receivable, for doubtful inventories tExcludes 34,841,168 627,034,456 16,035,853 18,151,402 " 1,888,613 183,564,400 1,973,414 183,564,400 subsidiary-—— pfd. stock, no par—— ($10 par)!.— Common stock surplus Earned surplus » 346,338 305,514 95,589 5,203,569 1,819,549 1,587,488 5,431,480 3,997,295 2,404,18) 2,441,741 2,137,234 1,644,973 632,279 1,462,189 547,993 $411,603 ■ 109,879 railway income— 118. p. , J The of Sept. 1, 1944, a total Sept. 1, 1965, at 100 First National Bank of New York, trustee, 2 Wall St., New York, N. Y.—V. 159, V'■■■.•>/ v".-;,;')- • V $1,500,000 and interest. of the City p. Co.—$1,500,000 of Bonds Called— has called for redemption as of of 1st mortgage 4% bonds due Payment will be made at The company 1973. Great Northern Ry.—Earnings— from Gross Net from Net ry, raliway railway oper. 1941 1944 1943 1942 $19,248,461 $18,721,208 $14,105,890 7,930,437 . 8,423,276 6,152,841 2,759,243 . 3,123,645 3,589,789 June— income $11,144,055 4,700,627 66,352,338 22,781,494 12,221,212 50,168.227 15,861,782 9,952,993 3,287,97-i From Jan. 1— Gross from Net from Net ry. —V. 98,417,835 " 33,356,070 12,005,501 railway.- railway- oper. income 87,319,175 31,412,371 12,841,370 160, p. 326. $43,390,640. of total estimated to Grand Union Co.—To be payable in common stock held in treasury. Notes—(1) 349,875 income— railway—'— oper. 160, $778,409 399,384 1— Jan. from Gross 1941 1942 $905,809 232,520 railway.: oper. From 1943 1944 $859,587 274,661 railway.)— from Gross 18,919,411 plans— "Employee benefit $3,626,40G 2634, p. June— Net foreign income and 1943. second mentioned above, w© and the late Fred J. for General Motors Diesel engines parts . price and other a-fixed-fee contracts: 1944, by the closed-body manufac¬ T. directors. relation 160, buildings Provision 282,070,291 1,743,519 2,294,555 2,497,985 49,562,013 Attention policy S. been of Edward of Glen Alden Coal last indirectly essential to the support of the war program.", reported that net income for the first six months of favorably affected as compared with the first six 1943 due to the fact that no provision was made in the; or Charles of years. Fisher of plant changes program Provision ^Employees' bonus ________ Taxes, warranties, & miscel. Sloan had months "•'two the services the pansion has been made 1 • excess profits taxes Employees' bonus — Divs. pay. on pfd. cap. stk. ,. " $992,943,572 $2,041,400,467 $1,597,801,184 101,573,438 183,387,946 111,076,204 quarter of 1943, war material deliveries reported for each quarter have approximated $1,000,000,000," Mr. Sloan asserted. "Everything the- corporation is producing is either with "Beginning directly r- " U. 127,135,314 150,493,215 Advances on Govt, contracts Tot. net salesfl,130,271,403 $1,094,517,010 $2,224,788,413 $1,708,877,388 n.' , * products ___$1,048,456,895 necessary facilities for the four Fisher brothers 25 the Fisher , adjustments 1943 First : First Second . "-V for us interest in Expand Electro-Motive Division— 493,829 ' 345,539,577 $194,697,279 263,700 $172,880,671 3,378,378 —— reduction. pri# Retroactive table: 1944 First payable foreign banks of U. S. Govt, for accrued quarter, the second quarter and in the first comparison with the first six months of 1943 following the to Taxes, payrolls, warranties, and sundry accr. items Due to contracting agencies a ' ,;l;' Due materials of parts^these A new $2,236,372,067 $2,264,718,441 $1,939,235,233. , Fisher. J. with associated Liabilities— main¬ and supplies and of developing sources few of the many problems that must be •faced. That they are being solved is a tribute to the experience, initiative and resourcefulness of American industry." taining in treas. 1 with ing staff.—V. Divs. abilities of industry. the technical and organizational on of. efficient stk. been purchased, controlling the « on Aug. 2 announced the retire¬ corporation of the Fisher brothers, Wilson, President of General Motors Corp., announced the appointment of Thomas P. Archer as General Manager of the Fisher Body Division, effective at once. Mr. Archer, who will succeed E. F. Eisher, has been Vice-President of General Motors in charge of the manufacturing staff and was formerly Assistant General Man¬ ager of the Fisher Body Division. W. F. Armstrong, who has been Mr. Archer's assistant, will succeed him In charge of the manufactur¬ 46,194,359 15,950.059 4,627,661 327,229,678 12,894,300 63,700,099 2,497,985 319,347,718 21,131,653 63,700,099 est., plants & equip. Adaptation of production facilities and revision of sched¬ keep pace with constantly changing military needs place a Problems 19,049,523 Prepaid exps. & def'd chgs. Goodwill, patents, etc some heavy strain 51,118,202 Net real a 134,409,297 not consol. assets Common equipment. ules cos. investments Miscellaneous The for 526,317,754 — sub. in Other of E. C. 328,691,676 114,507,775 3,378,373 S. Govt.- tlnventories books carrying, with serve needed are 1,700,680 1,216,216 408,065,154 117,048,468 —- Oth. market, secur.—at cost quickly reflected in the type of material demanded invasion of France, for example, brought increased and decreased requirements for other kinds of are industry. demand tactical needs of strategic and warfare to been Surplus applic , mechanized tinue and P. board our Operating term - modern have June 30,'43 $340,319,466 Dec. 31, '43 $326,914,118 U. S. Govt, secur. at cost- rec.—U. to time founded who of earnings of include such portion of the June 30,'44 Tax notes the on adequate to cover are . $234,151,960 Asset— Accounts provide to that "Lawrence Ry. adjustments which may arise in connection material contracts, It is not possible such renegotiation on the above income. , Cash v the in have Motors addition at they Condensed and Consolidated Balance Sheet Short brothers for $3,273,084 for the $1,528,942 six months ended . "In In . Operating quarter could not as Chairman, Jr., service General bers war not does reserves Body business and who were recog¬ nized pioneers in closed-body development. The Fisher brothers havo contributed to the prdgress of our business over these many year© and to the attainment of the General Motors Corp.'s present position. (divi¬ $858,329 United States excess profits taxes of $86,792,000 for the first six months of 1944 and $56,330,000 for the. first six months of 1943 (after deducting post-war credits of $9,644,000 and $6,259,000, respectively). income and be made.. Lawrence P., Edward F. and Alfred announcement'added in part: Corp. ture. provision for taxes includes provision for flT'he Corp.—Report for Second Quarter— both type and quantity of war materials required by military needs, deliveries of war products by General ..Motors in the second quarter of 1944 amounted to $992,943,572, bring¬ ing the total for the first six months of the year to $2,041,400,467 effect the changes in Despite urgent .. Body 1944 on war material contracts is subject to review and possible adjustment through renegotiation by the Gov¬ ernment, as provided under the Renegotiation Act. While provision of $60,236,000 has been made in the first six months of 1944 for Note—Net . second the for Sloan, active Fisher 1919 months ended June 30, 1944, and second quarter and the six months of received dividends to quarter and the six months ended June 30,-1944, and June 30, 1943, less sundry income pre¬ $1), (par amounted quarter (Including second to of In < A., "The ^Corporation's profit for $388,457; capital surplus, $1,535,251; unrealized appreciation of securities owned, $195,C'042; undistributed income, $18,969; dividends payable, $23,307; reserve .for miscellaneous taxes, $116; reserve for capital stock tax, $485; total, $2,161,357.—V. 159, p. 2634. / subsidiary companies of liabilities other may $1.49 $1,78 $0.78 received , Liabilities—Shares • and the six $1,361,588 and $2,131,778 for the ended June 30, 1943. stocks, $751,938; cash in bank, $140,bonds, $4,342; dividends receivable, $10,947; on • $0.90" (net) interest second the common $2,161,357. and < • , ' earnings dends r bonds, 43,996,368 earn. per com. sh. market on shs. common Amount ! $5.50 per shaTe. or $64,801,085- $39,414,885 . and recorded com. , Balance Sheet, June 30, 1944 ' ■ ■ „;t"' at Trust values, amounted to $2,137,448, $54,368 50,062 47,830 46,831 — ' • . that Sloan's Mr. 4,589,110 earned on $55,371 49,928) 4Not including realized and unrealized gains or losses on securities, or capital expenses. income Dividends William Ordinary Amt. $66,412 11,041 Expenses P. from ment pfd. on 30, August, stock Four Fisher Brothers Retire From Active Service— Alfred $69,390,195 i stock in common 1943. corporation and its consolidated subsidiaries settlements 1941 139,888,000 in included amounts the shipments 57,074,000 Average no. of 1944 income ' 68,807,000 income- '■In Total 3,075,000 inc. & exc. • prof, taxes $49,616 accrued bonds on 4,241,000 1,806,000 ^ v 2,157,000 42,704,000 60,236,000' 14,300,000 25,929,000 the year for delivery June no way of determining the " amount for which - these claims may eventually be settled but, in the opinion of management and counsel, Manager Empl. bonus 337,500 General Investors Trust—Earnings— 15,978,012 - tRetroactive withheld The is To cap: stock Int. 29,786,104 bonus as taxes <2) Liabilities—Claims in respect of sundry taxes, suits, patent infringements and other matters incident to the ordinary course of business, together with other contingencies, involve esti¬ mated maximum liabilities totaling approximately $7,600,000. There - Com. dividends — 31,236,995 . and Contingent Post-war to 6 Mos. End. June 30— 35,421,99 7 est., HU. S. &fgn. 2,067,517 Income—dividends 43,*702,096 18,224,07 1 of amort, 6,216,531 5,863,817 5,526,317 5,879;031* 2,467,789 5,575,463 5,512,440 Outstand'g com. shares 5,575,463 5,512,440 $.991 $1,067 Earnings per share $.371 $.447 ^Including proportionate share of profits on losses of subsidiaries not consolidated. tProvision for possible inventory writedowns and other adjustments at end of fiscal year.—V. 160, p. 430. Tv $900,545,397 $2,230,337,830 $1,719,029,281 749,628,667 1,868,263,844 1,414,987,973 • plants and equipment pfd. applic. 1 $895,347,441 $2,224,788,413 $1,708,877,388 3,112,214 1,463,776 6,194,942 -2,085,742 4,085,641 3,956,951 22,322,7 15 awarded cash Fisher, 1944——6 Mos.—,-1943 -1943 purchases Payment Act of .1943, and the contra liabilities not are secured and oth. adjust. 2,636,539 stock common rating of Consolidated Income 921,130,782 exp. Deprec. 7,740,203 1,523,672 . 678,000 2,236,267 for, divs. on 2__L__ quar¬ the number of approximately conting. & 6,541,817 3,291,211 654,672" 1944, double engine in aerial fighters will add still further to of rehabilit'n stock maximum a 3 Mos. 1944 Provision for: 493,000 2,515,267 profit cylinders, Selling, gen. & for prov. contingencies tProv. for conting..... 24 the new confidential list -$1,097,733,278 of 7,000,000 314,000 taxes bef. Profit has It Installation horsepower. Cost 3,600,000 ... profits has sales $1,094,517,010 -Corp.-'s equity931.026 tOther income2,285,242 Est. exc. announced during the second also was engine Allison. June 30— - profits excess speed victory for the United Nations. are as yet on the striking power of the Allied air arm." the taxes tax — foreign income and ;> 396,003 348,762 for prov. conting income surtax) U. standard the admin, & S. (incl. Est. 170,198 bef. taxes i 5,859,069' opers income Profit Est. engine liquid-cooled Net 11,359,354 from Allison 1944, Developed in cooperation with the United States Army Air Forces, Summary 48,704,635 .expenses Profit the savings bond war included in the balance sheet. balance sheet is after giving . effect to the under the bonus plan, of General Motors therefor, all volume levels. at employees' for 1944, under the Current Tax only one of many integrated production cooperation of, American industrial units is program illustrate is now parts new 58,870,500 144,235,180 119,937,071 "Selling, Other bomber which these Period Ended 65,923,058 of goods sold, incl. freight charges adm. & gen. the this $ $ $ sales Cost S. to reveal that General Motors is making to 1944—6 Mos.—1943 1944—3 Mos.—1943 1Net U. reported parts of this great offensive instrument of Following the usual period of development and make- which the in possible production of weapons to new Sloan Mr. ter. in Corp.—Earnings— Wholly-owned it production of the 1944," of B-29 Superfortress made its dramatic debut, component warfare. "The • made war ready, quarter second "the Boeing major 3,000 (Including average an During the of employees was 484,708, Announcement of this important milestone in the progress Japan. many aerial Kirksey, Pruehauf, President, announces that Robert S. Vice-President in charge of Pacific. Coast operations, and P. C. the stockholders, over in Harvey payrolls, compared with second, quarter of 1943. average number compared with 416,317 for the corresponding period a year ago. Payrolls in the second quarter of 1944 totaled $351,097,585, com¬ pared with $308,459,110 for the second quarter of 1943. For the first six months of 1944 total payrolls amounted to $714,197,864, com¬ pared with $593,767,349 for the corresponding period a year ago. efforts Two New Directors— the 1944 535 The Cash of $24,652,166 held by the corporation at June 30, on the directors capital on July stock, 28 Pay Dividend of 25 Cents— declared a dividend of 25 cents per payable Sept. 11 to holders of record sharo Aug. 21. THE COMMERCIAL: & FINANCIAL CHRONICLE 536 like A with V. amount disbursed was distribution initial an 160. June on of year, which compares share on Nov. 30, 1943.— ' Net 1943 1942 1941 $233,125 37,266 *11,481 $216,576 $188,336 $163,059 70,778 56,546 44,614 40,664 26,629 14,507 1,419,708 Net from railway 359,890 Net ry. oper. income— 112,866 v 'Deficit.—V. 160, p. 118. 1,323,281 1,102,929 352,278 308,946 313,588 178,310 154,483 808,656 293,757 14,458,636 5,953,324 2,204,309 9,072,679 2,396,755 1,416,525 June— from Gross railway from railway Net Net ry. — income oper. > 291,677 oper. 292,652 from railway .June— • from from Net From .: Net from Net ry. $215,871 71,707 3,378 47,350 36,470 *24,991 165,242 income— 160, p. 10. record 6.—V. Oct. no 159, The Called— of has called for redemption as of Sept. 1, 1944, a total 3'/4% debentures, due Sept. 1, 1971, at 106 will be made at The First National Bank company of $105,000 and 30-year interest. Payment Boston, Mass,—V. 45 Milk St., trustee> Boston, Correction Electric Co. 2635, 159, p, — bonds, The offering of $5,000,000 1st mtge. — 3Vz %, made July 27 at 105 and interest has been oversubscribed. The issue was offered by Dillon, Read & Co. and Dean Witter & Co. (not Blyth & Co., Series D, Inc.)—V. 160, p. 431. Gross & •Income Int. $4,575,668 $4,662,307 553,723 3,428,705 3,309,069 $1,353,238 8,557 8,910 56,767 58,205 $180,370 $235,384 $1,203,730 134,826 138,582 811,019 but "the 616,150 667.450 directors The Income made on interest next. 1944.—V. 160, p. 118. April 1, Oct. 1 3A% of the at 214 % was termination time announced was of Ry. $482,500 March oper. rev. that other Net ry. Inc. avail, 1955, America—Earnings $591,995 $4,200,514 $3,904,639 199,883 167,906 296,851 248,000 1,943,818 1,530,966 1.967,668 i— 115,549 178,600 1,208,112 Net later a of the board date. Payments in and Oct. the on 1943 were follows: as 20 cents.—V. 1, 158, p. 1, Feb. 674. 1943 1942 1941 $272,339 $206,032 $300,127 $193,566 90,343 66,172 137,870 89,191 21,6bO 21,039 28,985 45,302 1,753,114. 1,607,485 1,746,527 1,027,566 675,781 723,415 855,992 400,249 152,508 173,275 243,183 182,529 income— railway railway income™. oper. 160, ■ >' 120. p. Lehigh Valley RR.—Earnings— 1944 June— from Net from Net ry. from Net ry. distribution A held directors of on $1.25 of 1.,937,122 1,000,783 1.078,482 1,046,988 1,,162,260 43,968,607 34,214,835 ,610,846 14,832,271 14,727.354 10,599,159 ,015,669 5,153,309 railway 6,595,089 4,626,638 ,414,552 income— —V. 160, p. 12. Lionel Corp.—20-Cent directors have The stock, declared Quarterly Payment— dividend a cents per share on of 20 the holders of record Aug. 10.. last, which compared with 15 cents per share previously each quarter. Extras also paid this year and last were as follows: Feb. 27. 1943. 15 cents; Nov. 30. 1943r common like A disbursed was and Feb. 29, cents, 35 $10, payable Aug. 31 par amount May on to 31, 15 cents.—V. 1944, i 159, p. 2522. Long Island RR- -Earnings— June— 1941 1942 1943 1944 $3,899,294 $4,029,895 $3,027,442 $2,445,805 1,139,430 1,612,323 863.219 822,803 312,679 797,299 228,300 208,635 railway 21,043,844 19,887,495 15,522,957 12,603,446 railway— 4,037,591 4,722,409 3,560,626 3,251,301 380,329 1,135,461 585,477 453,157 from Gross from ry. railway railway income oper. from Gross Net from Net ry. —V. income oper. 160, p. 12. Louisville & Nashville RR. —Earnings— June—' Net from Net ry. 1943 1944 from Gross 1941 7,974,207 6,295,715 3,859.419 2,189,196 1,662,324 2,444,359 106,597,358 103,085,736 46,384,059 41,372,713 75,729,999 55,085,705 28,712,420 18,233,443 13,178,430 10,025,684 11,491,037 7,232,297 2,139,657 income oper. 1942 $18,257,672 $17,022,661 $14,533,316 $10,268,084 railway railway From Jan. 1— Gross - from Net from Net ry. railway railway income oper. —V. 160, 12,447,950 p. 433. 1,580,252 July it 27 was the preferred stock share per $5, 086.709 2,556,348 50,361,591 railway oper. was made on Gas Light Co.—Hearing Postponed— Lowell Hearing of dividend action on $6,701,916 2,382,262 1— from Net 1941 1942 $7,329,919 2,531,640 income— Jan. 1943 $8,538,502 railway railway oper. From Gross Preferred Dividends- on decided to defer consideration until 1944. 15 cents; railway from Gross 1,158,221 meeting 1, railway oper. Net ry. bonds of the At 1944—6 Mos.—1943 1944—Month—1943 oper. for fxd. declared been has From Jan. 1— $528,673 income Feb. from Gross Co.—$482,500 Bonds Called— cngs. ry. share per value, payable Oct. 2 to holders of record Aug. was made on June 1, last, as compared with par From Jan. 1— of war equipment types refunding of 1, revenues from cents seven no -1944 from Net Net due A, or Pitts¬ ;i Lehigh & Hudson River Ry. —Earnings— that 432. International Railways of Central adjustment of money mortgage sinking fund 6% bonds, have been called for redemption as of Sept. 1, 1944, at 105 and interest. Payment will be made at the Bankers Trust Co., trustee, 16 Wall St., New York., in U. 8. funds, or at the Bank of Montreal, Montreal, Canada, in Canadian funds. Holders of the called bonds may obtain immediate payment of the full redemption price, including accrued interest to Sept. 1, 1944, by presenting and surrendering said bonds at the Bankers Trust Co. v A number of bonds previously called lor redemption have not as yet been presented for payment.—V. 159, p. 2521. Net the on distribution A 1, tank its vitally needed because of changing conditions of warfare."— total of June 1, Gross from not being abandoned because the tank was inferior was only a certain amount of metal available and Defers Action authorized have payable bonds, on $89,926 $57,149 $14,128 $223,439 adjustment income bonds. - of Building, Trust V. .v distribution on Net Authorized— Interest said Command has deemed High 160, P. Net — large- amount of Period End. June 30— 'Exclusive of interest termination the of 1943, Union program International Paper income — Deficit the to Slezak more V. 833,919 110,929 charges bonds production program was because there are $1,411,442 102.692 _ adjust, on $1,146,963 $226,474 $171,813 income- income. Gross $780,197 572,993 taxes Operating income—— Non-operating -1943 1944—12 Mos. $744,806 operating rev Operating exp. RR.—Earnings— 1944—Month—1943 Period End. June 30— 17, war involved, this Interna¬ tional Harvester Co. termination is especially significant in that it has provided an experimental basis around which part of the War Department thinking has flowed and it undoubtedly influenced the framing of the Contract Settlement Act of 1944 which became law on July 21," Colonel Slezak said. "Since this was the first large termination of the war it was necessary to pass through a 'trail-blazing' period of approximately six months developing procedures and methods of settlement. It is the opinion of the Harvester officials and the Chicago ordnance dis¬ trict officials that under the existing statue and regulations, and with our internal organizations now fully trained, a similar termina¬ tion could be completed In from four to six months." A Manhattan & the addition "In series Hudson March company major first the —V. Colonel Oversubscribed Bonds — cents medium tanks. the Hawaiian * of trustee, 16 Wall St., New York,' N. Y., Pittsburgh, 1974. p. June— contract termination of this war, a $217,000,000 agreement with the above company to pro¬ duce tanks at Bettendorf, Iowa, was announced on July 27 by Col. John Slezak, Chief of the Chicago Ordnance District, according to an Associated Press dispatch, which futther added in part as follows: Negotiations with 438 "first layer" sub-contractors and hundreds of other sub-contractors were involved. The War Department in¬ When 159, stock, A similar International Harvester Co.—Final Settlement of Huge 26,975 1762. dividend common 31. 10 cents; settlement Payment will be made at the at 102 and interest. Lamaque Gold Mines, Ltd.—7-Cent Dividend— A Contract Made— the Pa.—V. 10 327. p. 95,612 Hartford Electric Light Co.—Debentures of 160, 485,059 ended it affected about 1,900 work¬ ers at Bettendorf and approximately 1,400 in other Harvester plants. Shortly thereafter manufacturing facilities and much raw material and parts were converted to the manufacture of an urgently needed artillery prime mover. The Bettendorf plant now employs 1,400, pro¬ ducing prime movers and beginning work on remanufacture of M-4 par p. 1,736,306 contract. declared a dividend of 25 cents per share value, payable Sept. 1 to holders of record Aug. 11, A similar distribution has been made each quarter since and including June 31. 1942, while on March 2, 1942, a dividend of 37% cents per share was paid. The regular quarterly dividend of $1.50 per share was also declared on the 6% preferred stock, par $100, payable Oct. 20 to holders of stock, common income— oper. 1,307,526 200,213 directors on July 31 the 4,678,852 830,367 Harbison-Walker Refractories Co.—Dividends— on railway—— 283,404 'Deficit.—V. The ry. 15,184,277 railway 1,050,223 1,337,245 74,086 *149,262 1,391,132 379,336 181,534 railway railway——- oper. Net formed 1— Jan. from Gross income— $109,842 $17 7,839 12,820 $160,718 *5,824 *40,039 railway 1941 1942 1943 1944 r railway Net ry, oper. from Final RR.—Earnings— Gulf & Ship Island Gross Net —V. From Jan. 1— Gross from burgh, 1— Jan. From Gross 1. 1961, Bankers Trust Co.. corporate at The Union Trust Co. of 6,537,230 662,955 income— railway- 967,576 495,035 ry. $1,195,220 $2,355,008 railway—... from Net -Earnings- 1944 $1,754,163 606,211 439,002 $2,542,076 from 1941 1942 1943 1944 June— Gross Green Bay & Western RR.- due March International Great Northern RR.—Earnings— this 9. cents per 50 326. P. Monday, August 7, 1944 the on petition not notes or dated bonds 1936 the company for approval of an issue $1,000,000 to retire outstanding 4'/2 % of exceed to been has postponed by Public Utilities to Sept: 12.—V. 160, p. 433. the Department Mass. of May 15, thi*year, and on Feb. 15 and Dec. 15, 1943.—V. 160, p. 11. Mack Trucks, Inc.—Chief of Research— NOTE—-For Investors Syndicate—New Director— reasons it is not always companies in exact alphabetical order. However, they are always as near alphabetical position as possible. possible to mechanical arrange Earl E. Crabb, of Minneapolis Previous at the of All 1, outstanding 104'/2 Illinois first 3%% mortgage bonds, have been called for redemption interest. Payment will be made 1970, and National Bank & Trust Co., trustee, series So. due Salle La It for that payment the presentation upon mentioned above prior to Sept. 1, 1944 at 104Mj at bonds will trustee's the office and interest to Sept. 1, be at Period End. accepted —V. bonds, insurance 3%% companies series, bought $5,750,000 first mortgage July 1, 1974, at 105.7393 and accrued inter¬ est. The sale was made privately, with Paine, Webber, Jackson & Curtis and Mitchum, Tully & Co. acting as agents for the company. Proceeds from the sale will be used to redeem on Sept. 1 a like amount of first mortgage 3%% bonds, series A, due June 1, 1970, at 104Va and accrued interest, The refunding will result in a reduction in bond interest of $21,563 a year, as well as an extension in maturity.— V. 159, p. 1657. Stock— Additional of Acquisition— The New of shares ($100 a into Corp. common the common one-tenth share of respect preferred a share and Net either of which class held appraisal has an Ended and duly revenues June for 'ton of a demanded.)—V. " A of invest, for Fed. inc. & Prov. for State Net "K-l" 51,934 144,710 income profit taxes — 62,000 309.000J 437,000 466,000 { 2,000 —J ——!—_ 6,000 , $246,535 $230,397 $247,840 $4.50 — $4.76 $4.71 4,082 48,767 1,922,242 1,349,381 Business 1,130,353 926,880 676,127 678,263 489,437 income™ 401,998 300,090 432,115 12. Machines pro'it Corp. of $1.20 payable 60 prov. inc. & "After and per Subs.)— (& $9,751,200 for Fed. profits 1943 the 245,809 1,461,510 1,488,449 t5,932 t39,530 22,393 *91,017 129,553 *35,930 121.579 $961,736 278,416 $1,552,296 $1,240,152 $1,890,302 23,723 income $117,187 74,754 $201,058 65,387 $191,941 income rent., capital Aug. In share per Aug. to 15 has declared been holders of on record July cents on paid on Feb. 15, last, 80 cents Feb. 15, 1943.—V. 160, p. 119. and 15 July 28 declared on stock, no A like 31. 1943 $266,445 ; 6,158,023 338,006* the Sept. dividend of -y' r There 867,241 923,402 $110,444 $372,911 $966,900 t{ "■ v series 31. This on Aug. have been called for redemption par value, amount following was dividend a on ^ *V 2 • 7 'r ) f $1.50 1764. per $5 share has been prior preferred So. Continental Salle St., La as of Sept. dividend of Sept. were 1 159, made 111.—V. Chicago, 160, 10 and 15. June paid: March 10, were 1, Dividend— declared been on stock, preferred A Aug. record of has 13. p. par Distributions this June In year. 1 and account of $100, jJby-. of $1.62%, Sept. the; 1943, $1.62,/» 1, $8.12%. at as 449. share cumul. March on 1, Dec. p. per 6V2% holders to Arrearages V. the dividends and each; $9.12,/2 on 1944, through* 1, of $50,000 10-year 33/4% sinking fund at 102 % and interest. Payment will Illinois National Bank & Trust Co.,, Merritt-Chapman & Scott Corp.—$9.12 V2 following share 1953, 1, June 1, to amounted 1944 $17.50 share.— per •; . were 15, 25 cents each, and Dec. the the at 231 accumulations of 30 cents per March due made A 15, Sept. 15 to holders of March 15 and June 15, made: March 15, payable paid distributions the sinking fund, of debentures the 15, 30 cents.—V. 159, of ac¬ payable Aug. 25 to holders of record Aug. 10. Like amounts were paid on Feb. 25 and May 25, this year, and in each quarter during 1943. Arrearages as at June 30, 1944 amounted to $3.50 per share.—V. 159, on 156,001 $46,992 TCredit.—V. 160, p.-120. operation trustee, Kinney Co., Inc.—$1.50 Accrued Dividend— (G. R.) 144,949 etc. ^ -.r.. Midland Valley RR.—Earnings— June— cumulations int., income y 2083. declared on account stock, no value, par Net from Net ry. 22,826 31,854 12,683 17,958 1941 $110,760 42,967 income $131,956 1,537 $99,260 31,067 14,507' • From Jan. from Gross Net from Net , 1942 $138,403 railway railway oper. i 1943 1944 . from Gross ry. —V. Gross ' * ' 706,680 620,961; 396,438 276,275 250.229 114,986 income— 901,367 277,255 railway p. .' 839,806 railway oper. 160, • 1— 203,321 133,383 138,419 13. *4,997.617 4,953,273 stock., 1,091.443 1,039.546 $4.76 for estimated taxes estimated U. S. Federal (including in 1944 excess credits of $1,348,700 in profits taxes after 4,663,006 990,116 $4.71. Canadian $11,407,800 1944 and $1,170,400 in and - and deducting 1943).—V. 1942 1941 $463,631 $450,126 $399,904 292,543 306,367 298,848 273,377 165,500 196,527 138,104 190,705 1,170,657 1,054,202 1,602,109 1,552,355 419,738 income™ oper. 1943 $448,133 railway railway 317,753 831,750 923,940 a total of 95,634 tons of ore was and 6.16% zinc, from which was pro--! duced approximately 13,637 tons of copper concentrates averaging ap¬ proximately 22.14% copper, 0.138 ounces gold, and 10.69 ounces silver; also 7,847 tons of zinc concentrates averaging approximately 53.10%' 196,795 128,841 351,515 599,697 zinc. From Jan. 1— Gross prof, taxes. com. ry. $19,045,517 $17,367,473 $11,888,406 & from Net from Net ry. —V. railway..™ railway income oper. 160, p. Normetal: milled Koppers Co.—To Retire $210,000 of Bonds— post-war There of have $210,000 been called for of first mortgage redemption and as of Sept. 1, in 1944..a collateral trust bonds, 3%% During the six months ended June 30, said in part: Estimated Ontario copper and profit for the period was $380,200. operating During0'the considerable number period of the claims Quebec.—V. and corporation optioned staked three Or groups purchased of claims 159, p. 641. , total series, t period the averaging 3.43% General: a 1943 159, p. 2083. The report covering 12. income in Mining Corp. of Canada, Ltd.—Operations— 1944 from from 1942 $4.58 exc, share providing excess $3,198,254 (Dr)— oper. each directors Net 1944 ———— after Outstanding shares of Earnings 30— June earnings Canadian $2,643,816 income 'Debit. be with Net Ended Net ry. Net 1,200,025 June— Net $429,730 Lake Superior & Ishpeming RR.—Earnings— International Months Net 72,025 Keystone Steel & Wire Co.—30-Cent Dividend— p. $9,356,27* Master Electric Co.—Debentures Called— railway shares, The p. $9,943,402 7,299,586 rents rents able 1973. Earnings— 6 facil. Other 115,817 86,495 railway 1943, and 60 cents 521,022 117,900 Jt. 1944—6 Mos.—1943 ;- $1,429,631 999,901 $441,230 ___ revenues oper. Equipment $1,302,863 607,436 Net 1— compares A prof, taxes\ exc. Earnings per share 159, p. 1942 $1,394,732 Dal- in 2199. p. 1941 2,078,062 Jan. distribution June 1943 - 159, 1944—Month—1943 $1,609,311 expenses $203,039 income 160, p. last. 065,026 Co Prov. —V. 1944 —_—$1,316,461 he was Chief Metallurgist ordnance plant, producing 1,168,081 revenues Deduct, 1942 $264,942 Keystone Custodian Funds, Inc.—Distribution— 160, 95,900 amort, Ore Earnings— 1943 $251,804 the (& Subs.)—Earnings— 30— elec¬ 306,252 Operating Gross by dissenting stockholders been Deprec. & amort, of emerg. facilities Prov. a 194,379 railway oper. record Months elected Vice-President member of the law firm of Jones, $347,696 railway from Gross on Interlake Iron Corp. 3 of the Adam of Sales, has been Manager oper. from capital stock of the corporation, and each share will be converted into one thirty-fifth of the capital stock of the corporation (except of metallurgical, for the U. S. Navy.—V. Period End.: June 30— Vice-Pres., Etc.— director and a member in charge of sales. a as Vice-President as 1944 from Net ry. ry. 119. Sales General from —V. one-tenth resigned and Standard of Standard shares p. of share a-common in the stock common of & guns Taxes has Kansas Oklahoma & Gulf Ry. Net author¬ will be into the Safe anti-aircraft products. Mack organization, Lock Co.'s special . Net making Parsons June— shares. converted joining York the Operating Cockley & Reavis of Cleveland, Ohio, has been elected a director. 160, p. 328. / ■ of preferred chemical, direct firm's Maine Central RR.—Earnings— $3,860,536 $29,479,499 $28,339,943 Charge of Sales, John W. Reavis, Day, to corporation, 79,993 truck the Before for 1944—28 Wks.—1943 1944—4 Wks.—1943 in —V. 322,117 for: to Bofors $4,350,480 Hazlett, par) (no and applied Postmaster of Minneapolis as will Mitchell Dr. trical, mechanical, Diesel, fuels, lubricants and other research activities allied special assistant to the Post¬ as 2083. Dr. Walter M. Mitchell as Director of Research by L. C. Josephs, Vice-President in charge of of announced been engineering. Inc.—Retail Sales Rise— July 15— committee, consolidation shares and merger the ized for shares of effect Products of additional 19,949 taking appropriate steps for the effecting of the merger are and taken, each share of preferred stock of Standard If of and the Coated number common of par) upon Standard total Exchange has authorized the listing on official of 14,839 additional 6% cumulative preferred issuance, issued be served States and p. J. From York Stock notice M. executive Gross Corp.—Listing 159, board of Jones & Laughlin Steel Corp.—New due Interchemical had United sales Lewis have the the 160. p. 432. time any 1944.- Bonds Placed Privately— Eleven he time 1922.—V. to Jewel Tea Co. St., Retail announced was that to 1914 of 1944 1, Chicago, 111. '' from member a as master General of Continental the at 231 A Sept. of as the election of Edward A. Purdy announces directors. Mr. Purdy, Assistant to the President of the Twin Cities Ordnance Plant, was Vice-President of Wells-Dickey Co. from 1922 to 1942. Illinois Commercial Telephone Co.—Calls Bonds— June Chairman, Appointment has . (Continued on page 569) i Volume 160 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4305 Stock and Bond Sales DAILY New York Stock «» WEEKLY - 537 YEARLY - Exchange / NOTICE—Cash and deferred delivery sale* an disregarded In (he day's range, unless (hey are (he only transactions of the day. No account is taken of such sales in computing the range for the year. United States Government Securities Below we furnish the New York Stock Exchange on daily record of the transactions in Treasury, Home Owners1 Loan and Federal Farm Mortgage Corporation coupon bonds on the New York a Stock Exchange during the current week. July 29 Dally Record of U. S. Bond Prices f High 4%S, 1947-52 Aug. 1 July 31 — ] Dow Treasury Figures after decimal point represent Aug. 2 Treasury 2%s, June, 1964-1969 — [Close [High j Low c 100.1 . 100.1 [High — 5 , 2%s, Dec., 1964-1969 100.3 [Close 100.3 [High 100.4 Total sales in $1,000 units , — — 2%s 10 __i 1965-70 [ High — :... Low 100.4 [Close — — [Close Total sales in $1,000 units 100.4 Total sales in $1,000 units 3 100.14 — 3Vi,. 1946-49 -- IHigh Low — — — 100.14 Close Total sales in $1,000 units— Total ;;; s |c^w --- --- ... ::: Total sales In $1,000 units [ High ::: —— — ' ::: Total sales in 112.13 ; Total sales in 102.14 ... 2 IJtilgh $1,000 units 28, March 1948-50 (High 28, Deo. 1948-50 units — — ( Low [Close — j Low — . Total sales in $1,000 units Total sales in $1,000 units 1' Si, June, 1949-51 f High -I Low [ Hign — j Low ... [Close Total sales in $1,000 units—. [High 88, Total sales In $1,000 units — Total sales in $1,000 units — — [High j Low 2%8, 1960-65 (Close * * ... Total sales In $1,000 units { Low [Close ■/// [High [Close 1949-1951 Sept., — {Low 2%s, 1958-63 Ss, Dec., ... * w n [Hign -I LOW 1949-1951 [close * — Total sales in $1,000 units — k V 2s, March, — 1950-1952 [dose Total sales in $1,000 units [High j Low 1945 [Close Total sales in $1,000 units (High — [Close Total sales in $1,000 units (High f— [Close Total sales to $1,000 units S%8, 1949-53 [Close \ 2s, 1951-1953 — Total sales in — $1,000 units — — ' ( Low 1951-55 / [Close — — Total sales in $1,000 units ... — (High [High —j Low [Close 1952-1954 2s, < Low —. ' [ClOSC — Total sales in — $1,000 units Total sales in $1,000 units I High 2s [High Low — i Low [Close 1953-55 — [Close 2%s, 1952-54 \ Total sales In — $1,000 units — (High Total sales In $1,000 units l%s f High — — — — w ... — --- ~ [High — 100.9 j Low — 100.9 Total sales in $1,000 units ? 2%S, 1962-67 [close Total sales in $1,000 units [Close Total sales In Home Owners 100.5 j 100.5 100.6 10 ; 100.6 100.5 10 Low [Close Total sales In $1,000 units Total sales in x {Transaction Wednesday Aug. 2 $ per sharr $ per share — Low — $1,000 units ... transaction on Aug. of registered bond. 3, 2%s Dec. 1964-1969 5 bonds at 100.2. . STOCKS Thursday Aug. 3 $ per share Sales for Friday Aug. 4 NEW YORK the Week t per share ♦Odd lot sales. ^ RECORD LOW AND HIGH SALE PRICES Aug. 1 • Registered NEW YORK STOCK Tuesday / [Close 100.6 Monday July 31 — Loan 1%S, 1945-1947- [High $ per share $1,000 units (High 100.9 $5 — — 1963-1968 { Low 1948 ... i Low [Close S%8, 1956-58 July 29 — (High 2s, Total sales In $1,000 units— $ per share * — LOW [Close — — [ High j Low •{ Low 1950-1952 — —- L°* Sept., 2s, — [High 1948 Saturday " - ("High i Low -r —~ Total sales In $1,000 units 2%s, < [Close 2%S, 1956-59 $%8, 1950-52 High j Low Total sales in $1,000 units.—. Low [Close 1 I Close 2%s, 100.11 [Close [High 2%s, 100.11 $1,000 units I 2.:■■ ■■/■ 2%S, 1951-54 100.11 Close 102.14 — [High Total sales in $1,000 .■:/ Low $1,000 units 2%8, 1948-51 ... \ 1956-59 5 [Close Total sales In 2%s 112.13 102.14 —^Low 2%S, 1945-47— ... fHigh Low [Close ; - ;;; >— ■ ■v Low Total sales in $1,000 units [High ;/ \ - 112.13 -jc^ units ... Low [Close f High Total sales in $1,000 [High \ 2%s, 1954-56 units.—.— 2%s# Low [Close ' — icS Total sales in $1,000 (High \ [close [High I *1951-55 $1 ... 2%S, 1952-55 units———- 100.14 —_ Total sales In $1,000 units [High Total sales in $1,000 $1,000 units > ■■■■'■■ ;;; units 3., 1946-48 m 2%s, 1951-53 }cS Total sales in $1,000 sales j ; (High SM. 1949-52 100.3 Low { — — 3%8, 1946-56 Low (Closs —" Total sales In $1,000 units 100.1 ... Total sales to $1,000 units — [Hign ] Low July 81 July 29 fHigh — Total sales In $1,000 units 4S, 1944-54 point. a Daily Record of U. 8. Bond Prices — [Close 32d of one or more Aug. 4 Aug. 3 Range for Previous Range since January 1 Highest STOCK Year 1948 Lowest Shares EXCHANGE Par Lowest S per share t per share per share Highest t per share ■ 62% 62 y2 61% 61% *61 *110 111 *110 ♦55 61 *55 60 *54 ♦62 63% *63 63% ♦110 112%' — ♦12% 12 y4 121/4 *29% 30% *29% *22% 40% 23 40% 95 *90 6% 6% 150 *145 2% 2% 12% 31 22% 23 40y8 401/4 *90 6% *143'/8 2% 95 6% 150 2% — 63% 62 111% 61 — *62 *110 *55 — — 63% * 63 111% 9% *631/4 93/4 *63 »/4 121/4 12% 12% 30 30% 40% 401/4 *90 6% *143% 2% 95 6% 149 2% 23 40% *89 6% *1431/8 2% 23 403/4 95 6% 149 23/4 121/8 *30 *22% 40y8 *89 6% *143% 2% 12% 12 303/4 23% 40% 93 7 149 23/4 31 31% 31% 31% 31% 32 321/4 31 31% 54% 55 55 551/4 551/4 55 55 55 55 27 27'A 27 y4 271/4 83 12% 148% *14% 30% *81 83 *78 13 13 13 13 148% 16 30% 148% 148% 148 27%' 83 *13'/4 13% 148 15% 15% *151/4 16% 30y4 *29% 30 271/4 *81 13% *29% For footnotes see page 547. 26% 83 147% *15'/4 293/4 26% *81 13 148 147% 17 *151/4 29% 29% 263/4 *143% 26% 147 *15% 29% 900 „ 3,800 - 5,600 23/4 9,000 311/4 7,900 55 1,100 26% 54% *13 200 149 30% *81 17 6% 2% 83 29% 93 6% 13% 148 40% 393/4 *88 — - 3,600 ' 23 23 . 6.900 100 12% *30 31 26% 9% 633/8 303/4 54% *79 V 2,800 83 13% - 700 4% preferred Corp 4 Jan 3 100 —10 Albany Si Susquehanna RR 100 Allegheny Corp —1 5%% pf A with $30 war.——100 $2.50 prior conv preferred-No par Alghny Lud Stl Corp Alleg & West Ry 6 % gtd —No par 100 —1 Allen Industries Inc Allied 17 100 293/4 900 Allied Mills Co Inc 1,300 8% Aug No par Inc Alabama & Vicksburg Ry Alaska Juneau Gold Min Chemical St Dye Allied Kid Co 149 60 -1 -No Par 10 Express Corp— Reduction 24 28 Adams-Millis Air 114 Jan 2.50 C P Brill Motors Co— Address-Mutlgr 109% Jan 17 No par Acme Steel Co Adams 52% Feb 21 100 ... Abraham St 8traus A 64% Jun 23 No par Abbott Laboratories 10 - 61 8% 63% 303/4 300 62% 111% *54 643/8 121/4 23 *62% 111% 61 *29% 23 63 111% *54 — 63 y4 *62 *110 61 — —No par —8 No par 47 53 Jan 124 Jan 2 3 Jan Jan 3 < Apr 26 13% Mar 18 29 y» Jun 6 7% Jan 25% Feb 14% Jan Jun 27 July 13 Apr 32% July 21 Va Mar 48% Jun 38% Jan 67 Jan 76 ya Jan Jan 5ya Jan 13 Jan 18 ya Jan 64 Jan 7 Jan Sep 7% Apr 128% 3% Jan 85 Ju\y 14 34% July 14 58% July 14 29% July 5 85% Jun 13 14% July 5 21 9y< Jan 57%~6ep 3 4 70 7an 7% July J3 161 Jun 3 24% Apr 19 141 52 41% 115% Sep 3 July 15 92% July 3 3 37 Jan 7 43 Mar 29 23% Jan Nov 13% July 12 31% Jun 16 13 5% Apr 18 63% Mar > 24 371/4 May 18 75 51% Jan 108 35% July 9% Aug 10% Jan 27 6 12 64% July 17 26 % Jan 31 19% Jan Jun Dec 3% July - 32 V* Sep 45% Sep 31% July 75 May 11% Jun 152% July 14 16% Feb 5 140% Jan 10% Jan 14% May 35y4 Mar 27 16% Jan 37% Nov . 165 July RECORD NEW YORK STOCK STOCKS HIGH SALE PRICES LOW AND Monday Saturday 20% 102 37% 37% 115V4 115% 21% *21 % 21% 3% *3% 3% 41 103 103% 1,200 28 28% 27% 28 75% 76% 75% 75% 75% 76 20% 20% 20% 20% 20 20 *66% 67% 66% 66% 16% -17% 16% 20% 67% 16% 43 43 # 43 134 *131 20% 20% 68 *66% 16 »/4 161/2 43 43 . *131 133 - " '■ 177 ' 13 *16% *102% 26% 3% 3% *9% 25% 25% 25%' 9% 82 *35% 21% 21% * " ♦42 ♦72 74 *72 *67% 69 *8% 16% * 11% 8% 8% 8% *49% 50 J.7% 50 18% *59% 18% 17% 18 92 92 91% 91% 91% 91% 91% 91%, 16 16 16 16 10 10 10 10 10% 11% 11% 11% 10% 11 10% 10%. 22% 22% 22% 22% 22% 23 22% 125% 36% 128% 125% 125% 37% 37% 10% 22% *125% 2% 2% 50% 50% 50% 49% 50% 49% 46 46 46% 45% 46 44% 11 % 11% 11% 11% 11% 11% 11 11% 50 45% 11% 11% 11% 15% 15% 15% 15% 71 71% 70% 71 *157 158% 156% : *24% 24% *18% 21% 18% 21% 43 1 y 127 , *28% #V 18% 18% 18% '21% 21% *21% " " 44% *29 72% 72 72 73 72% 72% 149% 149 149% 72 148 148 147% 148 3,300 i 680 5% *54% 55% 54% 54% j 6,800 2,000 American I 100 56 120 5 56 i 25% 26 25% 26% 26% 26% 25% 26% 25% 26% 30% 31 30% 31 30% 31 30% 30% 27% 27% *27% 28 27% 27% 27% 27% 27 27% 27% .3% 3% *3% *52% }: 53 , 6% 6 6% 91 91% 89% 90% 107% 105% *42% 11% 6% 6% *12% 16% 16% 16% *104% *11% *100 100 % 12% 12% >; - 38 11% 711% 16% *106% 16% 105% 106% 107 101 100 101% *106% *37 38 ~ 100% 107% *106% 106% 107% *106% 107% 68 67% 68% 68 68% 67% 68% 94% 94% 94 94 93% 94% 94% 95% 39% 39% 107 *39% 27% *27% 63 27% *62 63 40 * 28% 63% 30% 39% *27% *62% 30 30% 30% 30 112% 112 112 *111% 14 14 14 14% 55 55 55 55 59 59 14 59 *119 120% *119 *17 18% 18 *27% 28% 39% 1% Apr 29% May Jan 9 May 87% Jun Jun 5 46% Jan 5 5 7 Jan 26 39 Jan 78% Jun 37% July 17 30 Feb 36% Apr Jan 4% 35 Jan 40% 53 % Jan 70 May Jan 5 May 102 4 Jan 66% 37%. Jan Sep Jan 9% May 5% Jan 7% 39% X Jan 47 Feb Oct ? Nov 17y2 May 82% Sep 15*/2 Jun 7% Nov July 15 68 93% July 12 16% July 1 12% Jan 5 7% Feb 25% Juiy 18 - 20% Jan 271/a Apr 3 116% Jan 125% Nov x26 Jan 36 Oct 12% July 125% Aug 37% July 24 July 52% July 4% May Jan 18% Jan Jan 45% Oct 6% Jan ' 11% Jun 12% Jun 9 Jan 3 163 Jan 22 12% Jan 62% Jan 3 17% July 10 3 75% July 13 54 13% Jan 7 18 % July July 17 8 July 10 43% July 10 160 July 12 8% Jan 12% Jan 31 25 Deo 38 144% Feb July 13 Oct 48% ? 35% Jan Oct 173 154 Feb V 10% Jan July 27 176 Jun 16% 5 49% Mar 22 27 Feb 14 10% A 1 3 6 44% Feb 21 40 Jun 4% 20 4 Jun Apr 7 9% July lisy* Feb 18 32 Jan 21 2 2 July 8% July 14 50 Jun 13 12 Jan 10 - f i 72 6% Jan 20 21 7% Mar 31 Mar 25 10 14% Feb Jan 43 75% Jun 22 6JL Jan 19 7% Apr 25 46 2% July 10 6 16% July 69% July Jan 106% # • 95% 96 40 38% 397B 62% *61% 63% ? 62% 63 27% *61% 63% 400 31 31% 8,800 30% 30% 30% 30% 111% 111% 111% 111% *109 14% 14% 14% 14% 14% 14 1 14% 30% 5,700 27% • 112 » A 3,100 400 130 111 3,200 55 55 *54% 55 55 55 800 59% 59 59% *59 59% 58% 59 180 119% 119% *119 120% *119 120% *17 18% *17 10% 11% 76 76 18 11 11 11 11% 11% *75 76 76 76 18 *119 *17 10% *74 20 1203/4 200 18 1,000 10% 20 76 4% 4% 4% 4% 21% 21% 21% 4% 4% 4% 4% 4% 32,100 21% 21% 21% 21% .20% 21% 9,500 18,700 Santa Fe ; Line RR Atl G & W I SS Lines Atlantic Coast 5% preferred non-cum Refining Atlantic 4% conv Atlas pref series A Corp preferred 6 % Atlas Powder 5% conv $5 23% July 13 45% Aug 1 12 16% Jan 3 Feb 11 111 Apr 129 % 7 Jan Jan 6 of Del (The) Aug 45 Apr 75 57% Jan ..8% Jan 39% Apr 116% Apr . 10 6% Jan 3 67% Jan 3 65% July 6 129% Jan 146% July 6% Jan Jun 3 16 12% July 49% Jan 32 28 3% 9 Jan 53% Jan 55% Jan ' July 7% 25 Jan 24 33% July 17 24 Jan 20 Jan 7 28% July 20 16% 31% Jan 117% May 26 111% Jan 3 Jan 6 9% Jan 10 2% Jan 2 114 12 57 Jan 3 4"% Apr 19 42 Jun 34 5 Jan 3 35% Apr 18 9% Feb 17 8% Jan 3 12% July 10 13% Jun 28 74% Jan 9 85 - 115 Jan 4 12% Jan 4 102 > r 9 flK Jan 85% Jan 82 47% Sep 6% Sep Jan Sep Dec 40% v 75 84 ' ? Jun 0% Jan 10% Jun Jan 10% Jun 4% 92 Oct 110 Feb Jan 15% 2 2 Jan 97% July 5a Jan Aug July 10 July 11 71% July 20 98 Jun 27 108 \ 20# 100 66 67% July - 90% July Jan May 31 19 V: 38 24% Nov Mar 23 -7 , Maris 32% May 17 • 24% Jan 14 113 July 6 44 18% 106 May 36% Oct Jan 68 Oct Jan 28% May Jan ~ 65 Oct 39% 108% Nov 44% Jan 30 Jun 94% July Jan Jan 44 3 15 59% Jun • Apr Feb 3% 6% 38 7 Jan Feb 14 V2 30 :# Jan . Mar 72% 101% Aug May 19 '103% Jan 19 53% Jan *3 25J -49'"# May 29 107 '3 #33 25% Jan 116 17% July 13 3 v,. Jan Apr 23% July; Jan , 94% July 14 110 Jan 7 46% Jun 28 Apr 29% . Jan 3 46 16 6% July - # 8% Dec v/i Jan 5 July 4% Jun 24 Apr 54% Mar Jan 24% Nov 6 Nov \ 8% July 79% July 37/a Nov 42% 54% July 26 " 28 24% Jan 26 May 88% Jan 3% 2 5 Sep 121% Aug 115% Jan July 14 Aug 6% July Feb 63% July Jan 9% Mar 16 Jan 158% July Jan 43% 91 4 Aug 32% Aug 42% 96 44 Jun 115 127% Jan 120% July 11 9% July 5 3 84% Jan 17% July 33 July 14 July 11 49 26 6% Jan Dec 16 # 13% Jun 19 19 ' 29% May Jan 3 7 75 152% July 3 7 3 Jan 151% Aug Jan 16 Apr 161 Oct 19% , May 32% Mar 17% Jan 91 Jan 21% Jan July 164 3 156 141% 24 July 31% Jun 26% May 17 139 No par No par No par prior A 18 47% • 11% Mar 113% Mar Sep 107% Feb 18 11% Jan 3 15% Jun 29 53% Jan 7 56 Feb 24 52% Apr 19 62 Jun 12 52 Jan 1 113 Jan 123 Jun 16 Dec 112 100 preferred Nichols Aviation Corp 19% July 20 No par > Atlas Tack Corp Austin 20 56% Jan —100 :—100 —100 100 ——1 —100 25 —100 5 50 — preferred 5% Jan 29 No par Atch Topeka & 27% Mar 16 100 preferred preferred 45 151 10 15 Investment Co.— 1st 9 8 22 % Jun 2d preferred™— 5% 9,500 96 28 60 67 68 96 38% 100 Assoc J 106% 106% 66 7% 5 66 % V 700 13 15% Apr > Dee 39% May 147 Mar No par preferred 6% 210 I 38 3 Jan 5 Associated Dry Goods 7% 3 36% Jan 147 No par Corp Artloom 18 13% Feb 21 26% Jan 12.50 No par 20 5 Constable Corp 1,300 , 55 18 18 10 Nov 90% Jun Jan Apr 19 3% Jan 3 39% Mar 31 05 Mar 27 No par 5 No par 100 1 100 ;—100 Arnold l.f *59% 120% 4% Jun Jan 6% Jan 22% 50 No par Cork Co— Armstrong 100 ! 101% 38 *27% 76 4% 4% 107 100% 28 10% 77 4% 39% 40% •73% 11% 11% *75 107 • > # 108 10C% r 3,500 : 16% ■ *111% *54% # 12% 16% preferred Daniels Mldl'd & Co of Illinois 86 conv prior preferred 7% preferred 180 # 117 *115 *17 % 38 *37 38 67% 107 7 25"% Apr 1 25 Lead & Smelt Armour 1,600 11% 12 * 117 *115 17 1,700 : 42% *11 12-- 12 12% : 90% 107 *42 11% 100% *37 1% 5 Mar 22 8 No par No par No par 100 Archer i 500 10,500 6% 90% "106 42% 16% , 5% 106 % 42% 117 *115 . 90% ; 1,300 52 52 42% 16% 105% 100% *37 12% 117 90% 105% 16% 105% 100% 38 42% 3% 6% 6 106 106 42% 12% ■ 90 . 42% *115 *104% *37 90 106 90 *11% < 117 *115 : 105% 89% 105% 12% 12% 12% 117 ♦115 ' 11% 3% 52% 6% 12 *10% 52% 3% 52% 6 July 5"% Mar 16 33 100 Cable Anchor Hock Glass Corp $5 dlv preferred Andes Copper Mining A P W Paper Co Inc 10 | *10% 3% -3% - 42% 42% 43 *10% 11% 3% *52% 105% *105 *10% 3% ; Dec 10 10 Anaconda Wire & 2,200 116 116 # 11% 52% .. ' 116 *114 116 . *10% § 3% 52% 6 *114 . 11% *10% 52% 3% 52% • 116 *114 11% *10% 11% #' 116 *114 116 *10% 547/8 5 Jan 14 Anaconda Copper Mining 890 30% B Wks & Elec 85 prior conv 12,200 30% *27 Dec 4 Jun 59 25 25 100 Preferred 200 26% Co Woolen— Amer Zinc ;4,100 5 — 1st preferred— American •,7,300 89% 87 31 *114 Jun 42% 29 3 —100 Viscose Corp Water $6 25% 7 Feb 104% 10% July 68 No par No par No par preferred 5% Am i 10,100 *54 56 / 23,000 8% 98% 7% # 8% # ¥ 5% 5% *54 • 31 . 18% Jan 15% Jan 10 18.50 No par No par No par —100 ,—25 Foundries Inc— Amer Type ! *95 90% 88% v. 5% *54 56 *54 v,. Dec Apr 25 Jan 26 23 —100 preferred 6l/o 12% #< 8% 98% 8% X 8% 91 - # 45 *119 8% > *95 9 5% 5% 5% 5% 89 90% 87 5% Jan 15 preferred Common class 123/4 ' 86 86 *5% 8% 8% 8% 9% 8% 8 11% May 6% 13% 97% % 53% Jan 11 Apr 19 2% Mar 6 Feb Tobacco American 44% 120 *119 98% *95 98% *95 6,700 1,500 ' 120 8% 8% 8% :•# 8% 8% 8% 71% 13% 8% 86 72 45% 98% 8 72 12% 8 85% : 44% *95 Apr 8 5 Mar 105 7 25 t American Sugar Refining 100 ?Preferred -—i. -100 ' Am 8umatra Tobacco™^-—No par Amer Telep & Teleg Co 100 # 200 f 13% 8% 18% July 10 18 Mar 10 4 Foundries Stove American .100 s non-cum American Stores '3,600 5 29% 45% 98% # 45 127 703% 12% 8 6% .1,300 163 3% 45% *119 21% 70% 12% *95 14 14% July 5 10% Jan 4 29 — Amer Steel 800 163% 45% 120 I *28% ■ 12% 120 18% 44% 127 29 . 45 120 ♦119 Jan Jun July 116% July 8% Jan American Snuff 120 3,800 71% 71 45% *45% 45% 120 149 . 80 24% 112% May 14% Feb Smelting & Refg Preferred .. 200 f 163% 29 163% 149 148% J ?*-' Arner 360 243/4 21% - • 12% 12% 12% 45 127 72% 72 149% 44% ♦126% - 45% 28% 28% 163% 163% 71% *71% : 72% V 73 30 '162%' 163% 72% 72% Nov Feb 80% Jan Ship Building Co 4,200 43% , Amer 250 ; 149 *18 21% 2.1% ■ 127 *126% 128 29% 163% ' 22 44% 45% 44% *126 128 Jan 59% 27% July 15 —100 Safety Razor American Seating Co 900 I . 40 243/g 18% *18 30 *42% ? 1 15% 149 24% 24% 18% 21% 45% *28% 163% 149% 24% 21% V 162% 29% 162% 43% 149% 150 24% 18% *126 *42% . *148 24% 24% 24% 13 ■L *43 152% 17 15234 152 153 153% 43% 153% 43% 148 148 73% 40 40% x40 40% 40 156 *42% 43% 148 24% 43 *126 "4 *147% 40% 156 158 42% 44% 148 30 40 40% *45% *29% 30 *29% 29% % 30 40 *119 29% 15% 29% 12% 29% 15% 40% *149 15% 16% 15% 30 73 15% 16% 15% 30 *72% *15% 9,900 # 45% 24% 82% July 20 ... No par No par No par American — 15% *16% 16% *40 i 185% July 42% July 14 4 Nov v 24,800 ; 180 72% 17% 16% 15% *43% 73% 17 15% 15% *147% 72% 17% 15% • 15% 15% . Nov 168 July 10 Aug 96 50 850 3,900 <5,700 . 91% July . 16% 17 *16% *176 180 15% 72% 71% 71% *176 15% 15% 15% 15% < 3,700 ■ 180 *176 180 *176 180 *176 2% 2% 2% 37 Jan 183 5 101% Feb No par No par No par $5 preferred No par Am Rad & Stand San'y——No par Preferred I 100 American Rolling Mill— 25 4%% conv preferred 100 f 380 453% 49% 45% 37 71% 107 No par 900 2% 49% 45% 49% 45% 180 127 37% 2% 50 37 r 2,300 * f 20 . 2% 45% 11% 700 9% May 95% July 13 134 May 26 100 No par 1 preferred conv Locomotive 7% preferred Amer Mach <fc Fdy Co_ Amer Mach & Metais Amer Metals Co Ltd 6% preferred American News Co Amer Power h Light— |6 preferred 2,300 3,800 , Invest Co of 111 American 8,700 22% *125% 5% 50 t 37 49% *176 128 8% preferred Internal Corp American 600 » 37% 2% 2% 2% *125% 128 *36% 36% 2% 8% 49% 18% " 16 127 36% *8% 49% 18% * 23% *22% *125 8% 49% 17% 23% 7 91% 91% 16% *8% 49% 11 18 18 17% *91% 6 % non-cum Amer 1,800 16% *8% *49 49% *49 8% 9 *8% 8% 8% 500 #400 83% 8% 8% . 3,600 634 70 70 70 ♦69 f 6% 6% 6% 6% 70 *68 69 69 ? 72 72 72%"'. | Jan 115% July 24 - 3,000 5% 44 *413% Jan 3% 120 10 preferred No par preferred A No par $6 preferred No par American Hawaiian 68 Co 10 American Hide & Leather™ 1 6% conv preferred™. —50 American Home Products -1 American Ic? —No par 400 Jan 127% 18 $7 1,200 i 35 43% July 27% 4 Jan 20 $7 2d 4,300 8% 8% 49% ; 18% 91% 8% 8% 8% *8% 69 6% 6% 6% 6% *6% 6% 6% *67% 3,100 2,500 92% 5 5% 44 71% 4. 3% 35 35% 5 1,400 20%, 21% *80% 83% 21% *41 74 ' ■ 92 82%- 82% 44 600 263/4 26% * 4% *34% 5% * .5 5 44 72 72% *70% '# 5 72 *41% 2,300 91% 21 83% ♦41 * 5 ~ 2,000 3% *9%/.. 10 26% 91% 35% 43% 4% 5 44 *42 25% 3% . 9% 4 82 36% 3% 26% 21% 25% 25% 30 Apr 108% Feb American 40 1 103% Dec Nov 9% Jan 108% Jan Crystal Sugar 10 6% 1st preferred—, 100 Amer Distilling Co stamped 20 American Encaustic Thing 1 Amer European Sees No par American Export Lines Inc 1 Amer & Foreign Power No par 9% *35 83 83 American Colortype Co 2,100 4 91 *35% 36 1,000 VIM 3% 91% " 91 21 20% 13% 18% 61 July 12 14 Jan 26 23 Jan 4% 44% Jun 33% Apr 18 68% Jan 76% July Jan 47 27 132 May 12 1 170% Jan Car & Fdy 2% July Jan 8% 6 19% Jun Mar 82 13% 25% 27% 4 89% 1 25 100 17 10 *26% 14 8 17 3% 10 37% Jan 13% *103% 52 25 126% Apr 12* '—100 116% 103% 75% July 27 3 , No par 1% non-cum preferred™, 100 Am Chain & Cable Inc No par 100 5% conv preferred American Chicle-™™.— Na par 500 Sep 7% Jan Preferred 40 I Jun 34 60 .—1 No par Corp 17 103% 26 26 4% 4 - 163% 3% 26 21% *81% * 83% ' 82 3% '9% 90% 36% 20% 36 103% 25% 4 4 90 # 89% 20% 17 3% 1,200 26 ♦1J3 117 116% 117% 117 86% Jan 23% July 13 V2 13% 17# 26 *78% Jan 23 68% July 18 Can American x67 14 116% 116% 13% 80 4,000 # 400 Oct 110% July 17 31% Jan 14 Jan " #220 39% 31% Apr preferred Cable & Radio Corp American Jan Apr 25 Brake Shoe Co, Amer Jan 16 5%% 1,100 176% 39 26% - *114 115 116% 26 *26 26 % 26 25% - 4 4 89%' 79% 103% 103% 3% 9% 25% 3% 9% 9% 80% 17 16% 26 25% - 176% 39% 79% 91 115 - 115% 13%' 115% 16% *102% 103% 103% *26% 90% 176% 39% 803/i 115 *13 •16% 16% 91% 176% 40% 26% 26 *113 46,900 91 91% 176% , 80% 80% v 115% 115% 13 7 13 1161/4 *12% > 26% 115 -*113 115 *115 39% 80% 26 25% 25% 40 39% Am #50 12% 39% 91 92 177 *79% 80% •791/2 91 177 39% 40% 39% 92 177 *91% 92 " 176 4,300 <700 ,11% 12%#: 12% 176% " * *91 176 12% 17 43% 132% *131 132% ♦131 Jan % 13% 58 50 Bosch Sep 17% 41% July 13 10 preferred 6% American 43% 42% 42% 131% 12% 250 23% 5 28 May 17 Note Sep Dec 43% July 12 4 Mar 29 American 16% 17% 17 >: .43% 12% 12% 12% 12% 12% 12% 17% 17% , *43 131% 43% 134 28% Jan 16% 97 Jan July 14 23% Jun 4 .- 26 1,300 65% Jan 82 3,500 65% 7# 00 65% ■ 19 19 Jan Jan 26% 5 July 118 Apr 2 Amer Bank 40% July 17% Apr Agricultural Chemical-No par American Alriinea Inc 10 20 X 103 105 6% 73% July 10 July 7 22 3 24 14% Jan Corp™_No par 76 20 ♦66 »/2 115 600 75% 77 Petroleum Amerada 2,200 28% 28 75% ♦20% *131 42 *28 28 '■ 100 1033/4 75% 75% 11 3% 101 28% *27% 700 *40% 103% 101% 600 21% 3% 42 ♦40% 42 103% 102% 4,400 114% 21% 27 96% Jan preferred 5% 300 114% 28 *27% 5 3% 3% *40% 41 41 105 37% 115 21% 3% 21% 21% 3% *40% 37% *114% 115 21% #, 101% 37% 37% 101% 33% Apr No par 100 Allis-Chalmers Mfg No par conv preferred™——100 Alpha Portland Cem No par Amalgam Leather Co Inc 1 6% conv preferred 50 Allied Stores Corp 4,900 20% 20 20% 101% 37% 37% *114 % *104% 4IV2 105 105 37% 114% 3% 3% 3«/2 *40% 37% 21% 21 21 . 101 101 114% 115 •113% 20 *100 20% 20% 20% 100% *99 Highest $ per share $ per share t per share $ per share Par Lowest Highest Lowest ■#####::; Shares share t per $ per share t per ghare share 20% 20% 100% 100% 37% 37% 20% 201/a *100 I per t per share 5 per share Aug. 3 Aug. 2 Aug. 1 July 31 July Year 1943 Range since January 1 EXCHANGE the Week Aug. 4 Range for Previous #■/#' 7 STOCK YORK NEW Sales for Friday Thursday Wednesday Tuesday Monday, August 7, 1944 CHRONICLE COMMERCIAL & FINANCIAL THE ; . 119% Aug May 26 18 14 % Mar 31 7 Jan Apr 19 84% May 3% Jan 3 5% July 66 Jan; 13% May , 57 50% Jan Sep 68% July 7% Jan 8 2% Jan 9% Aug 9 5 28% Jan 85% Aug July 31 13% May 25 6% 6% 3% Nov Apr B 21% 21% 21 16 16% 16% 12% 12% 12% *64% 65 •64% 23% 23% 23% *16% 17% *16% ♦48% 50 *49% 16% 8% 9 8% 9 8% 16% 12% 16% 12% *64% 65 23% 23% *16% 17 *48% 50 16% • 8% 9 16% 16% 9 16% 12% 12% 12% 65 65% 65% 23% 17 „ 50 16% 16% 23% *16% *48% 16% 23% 8% 8% 8% 16 16% 153/4 16% 12 12 *11% 11% 65% 65% 65% 100 23% 23% 24% 2,400 83/4 *64% 23% *16% 16% 50 50 5V2% preferred Barnsdall Oil Co 16% 16% 16 16% 3,800 153/4 5,600 16 16% 16 16 16 16 % 15% 30 30% 30% 30% 30% 30% 30 % *293/4 30% 30 30 35% 35% 35% 353/4 35% 35% 35% 107 107% 35% 107% 35% *107 35% 35% 107% 106% 107 107 9% 16 107 9% 15% *107 9% 107% 9% 10 10 *24 35 *34 35 *24 35 *34 35 *34 35 *34 117 •114 117 *114 117 *114 117 "114 117 ♦114 117 9% *12% 10 10% *12 12% 10% 12% 10 *11% 10% 12% 11% 11% 11% 11% 11% 12 38% 39 38% 39 39 39% For footnotes see page <S ' 240 6,000 35 "114 600 1,400 ■ 547. 12% 12% 12% 12% 12% 400 11% 11% 11% 11% 12 % 3,200 39 39% 39% 38% 39% Cigars $4.25 Beech Inc Creamery preferred Aircraft Corp RR Beech-Nut Packing Co 11% 38% Bayuk Beech *12% 4,600 < Bath Iron Works Corp Beatrice Creek Jan 20% Dec 10% July 5 3% Jan 10 3 Apr 9% Jan 3 18% July 5 6 Jan 14% Apr 13 % July 20 Apr 3 Jan 12% 9% Jan. 5% 66 Jun 3 Dec 26% Jan 24 60 23% July 15 Apr 24 Jan 4 21% Apr 25 - 12 Jan 4 18 —50 Barker Brothers *49 16% 10% 5% Jan 18 No par 17 50 16% * 100 —10 Asphalt Corp Barber *49 16 *35 1,100 preferred Bangor & Aroostook Conv 5% preferred. 4% *16% 16% *107 7,500 —13 100 100 50 t c Baltimore & Ohio 17 16% *29% ) Baldwin Loco Works v 43 Jan 24 ,50 5 1 -No par 25 No par 1 ,_50 : —20 Belding-Hemingway—L——No par Bell Aircraft Corp.., 1 Bendix Aviation 5 July 5 May 23 15% May 15 18% Mar 17 15% Jan 3 18% Mar 15 25% Feb 15 31 May 22 105% Jun 24 7% Jun 31 Jan 111% Jun 10% Jan. 8' 11 12 3 10% Apr 25 33% Jan 13 . 31% July 35% Aug 10 2 108% Feb 28 11% Jan 3 35% July 11 Feb 15 117 13 July 15% Jan 6 11 42% July 13 : 34% Jan 63% 12 Feb 28% July Sep Sep Jan 15% 30 Jan 47 12% Jan 19% July 13% Jan # 20% Mar 23% Jan 5% 24% Jan 105 % Dec 7% Nov 25% Jan 93 Jan 9% Dec 9% Nov 33 Nov X29 May 33% July *110 14% Sep Sep 33% July 114 Aug 11% July 20% Mar 39% Apr Volume Number 4305 160 THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK STOCK LOW Monday Saturday July 29 STOCKS Thursday t per share S per share J per share 19 y8 19% ■"56 58 *56 58 39% 5 *39 % 19% 40 19 '/a 19 y4 19% 19% 19% 58 *38% $ per share 191/4 *56 39% 39% *19 39% 19% 19% 19 62% 62% 63% 62% 1,25% *124% 126% *125% 126% *47% 48 y4 *471% 48 *47% *471% 48 20% 20% £ 20% 20% 20% 10 Va: 10 10% 10% *18% 19%' 161/2 14% *50 14% 501% 93»/2 50% 93% 51 *93% 51 • 1161/2 40% 41 40% -*115% 116 V 32% ' 32% *115% 32% 39 39 39i/4 39 % '*5% 40% 40% ..>•16%'. 17< *50% 32% *40% liy« 111/8 351% 36 48 48 *46i/4 47% > 46% 46% - 11% 351/2 49 20% >. 45 201/4 10% 10% *186 *19% r 41 50'/4 *49 -;94 94 , 51 51 ; 411/4 50 'A 42'/4 42 *114 " 32% 32% 6% Bohn 421% Bond 1,000- 115 32% . 115 ♦114 32 32% 39% 39% 39% 40 5% 5% 5 3,200 Borg-Warner 1,500 17% 52% 11% 41 40% , - ' 4r .•.17% 51% ♦111/2 *40 17% ; 51/4 *52 11%"' • *40 41 17% 51% 181/4 $ -,- 53 r 11% t- 36% 36 48 48 Boston & Maine RR 47 46% 46% 46'/2 111/4 46% 20% 20% 20% 20% 20% 20% *441/4 45 *441/4 45 *44% : • 47 y8 20% 4,700 > 600 •i 500 20% 21% 10% >10% 120 10% 121 Y 10% 186 »/4 181 *119 107/a 10% 120 *119 10 % 186 181 66% 68 68 68 10% 10 10% 10% 10% 20 19% 20 ;V; 19% 20 • 193/8 19% 1,100 Buffalo .183/4 18 3/s 193% ,183/8 38% 3 8 7/8 800 31% .313/4 1093/4 2,400 200 141/a 8,300 1 3,300 18% 18% 40% 39 40 32 32% 31% 31% 31% 31% 109% 14% 6 61/4 .109% 14 6'A 30,100 V *19% 18% 14 r Budd 40 *109 Co 7% preferred Budd (E G) Mfg— 7% preferred——: $5 preferred 7,900 40% 6% • 109% *109 1093/4 141/a 14 14 y» 6% 6 6 1093/4 14 11% Xtl% 11% 11% 11% 11% 29% 29% 29% *29% ,29% X291/4 29% 29% 293/4 *67 69 67 67 *65 380 69 49 49 49 49 48 240 / 6 53/4. 49 3% 2%, 141/4 14% 80% '80% 80% *21% 22% 22% 22% 28'A 28% 28% 28% 14% 48 600 14% v 3% 14% • *80l 3% 3% 14% i 141% 82 *80 Bullard Co - 21% 22 22 22 28% 28% 283A 29% 5% 55 1 1 6% 6% *40 41 6% 11% *48 . 11% 49 . *8% *1 6% 11% 2,000 293% 900 3% I 3% 141/4 80 1,600 30 21% 21% / 213/4 *21% 29 6% 29% 283/4 * 41 6% 2,300 6% 63/e 6% 193/4 193/4 19% 20% 2,700 2a3/4 29% 28 283/4 2,600 *40% 41 *40 3/4 49% *49% 11% 11% *48 483/4 11% •48 *40% 11% 11% 48 % '".11 11 48% ll'A 48 3A 112. 1103/4 31 8% 50 *29% ; 111% 8% 50 111% 31 31 8'A 8% 50 *48 % *30 31 > 36 *36 36 *146% 146% *49'A 343A " < 120 , 99% 36 - 49% 36% 35 *146% 99% 99% Carpenter 800 Carriers & General Corp.. * 60 120 *118 . 14% 14'A 14% 119 119 , 51/8, 36' 34% 34% 1,800 99% 2,000 $4.75 1st preferred 118% 119 70 14%" 14% 18 3A 18% 18% 18% 18% 18% 18% 18% 21% 21% 21% 21% 21% 213/4 21'A 21% 4% 4% 4% 43/8 43/a 4% 43/8 4% 4% 111% *110% 111% *110% 111% 1103A ; 7% , *1103/4 112 r-4 rH O er 5% 440 10'/2 . 10% 103A 10% *10% 103A 10% 10% 10 23 10% 23 23'/e 23% 23% 23% 24% 23% 23% 23% *9% 10% *9% 10 »/8 *9% *1153/4 116% *1153/4 116% *1153/4 35% 35% *35i/4 35% 35% 63/4 6% 67/a 6% 6% *19 ♦ 19% *26 114 *13% : 26% 112 112 10 *9% 10 *9% 7% 15%- 116 §2 *115% 116 §2 35% 35% 35% 35% 63A 6% 6% 6% 100 99'/a 100% 99% 35 35% 7 V> 35'A 1,600 63A 13,700 97% 19% 13'A *12 3/4 46:% 40 46% .7% *27 111% 40 *63A *19% 27 19% 6% 111% 40% 19% *19 27% 99% 13 47 46% 47% 7 .7% 112 73/8 26% 63% 15% 15% 15% ;/■/ e • *12% v 39% 1,300 13 15% 153A 155/8 16 153A 15 3/b 6% 6% 6% 6% 6% 223A 22% 223A 223/8 23% 223/4 27 26'A 27 26% 27 26% 27% 25 63% • 633/8 637/a 63 s/8 63 63% 61% 151/8 23 63 2,700 3,300 15'A 5% 5% .22% 22% 25% 25% 15,900 63% 61 623/a 23,800 Chicago Great West RR 2,300 3,300 6 3% : 16% 163/4 >16% *16% 16% 163/4 163A 16% 16% *19% 20 19 3A 193/4 193/4 20 19% 20% 19% 19% 19'A 19% *45iA 46 45% 45% 45 s/8 455/8 46 47 46% 46% 463a 463A 700 51 52% 15% 16% . 450 1,800 51 *50% 50% *50% 50% *15% 16 *15% 16% *15% 16% *153/4 16% *16 51 16% *26% 91% 3 3 3 51 50% 52 *51% *15% 16% 16 16 15% 16% 16% 16% 16 3/s 3 2% " 3 . 3 2% *26% 28% 28% 28% 29 29 913A 29 91% 92% 92% 93% 93% 933A *28 20% 20% 20'A 20% 203/a 20% 20% 106% *105 It 106'A *1053® 106% *105§2 106'A *59% 62% 923/4 203/s *105 §1 9% *46% *155 v *9'A 9% 47'/* 47%. 185 . ; *113% 114% 43% *106% 90 *82 *1133A 114% 60 *9% 473/8 *155 *106% 60 9% 47% 92 114 114 43% 109 *106% 91/4 47% *155 185 *82 44 44 43% 109 9% 47'A 185 *155 92 *84 63 *60 61 *59 163A 16 16 ' *23/4 16% 87 *1135% 43% *433A4 *106 5A 109 9% 47% 185 45 109 3 *59% 93/8 *59 185 *86 114% 114% *44 45 >>" *1063/8 109 97 *95 97 *95 *53% 57 *53% 57 *53% 57 *53% 57 *53% 57 132% *34% 37% *1491/8 132'% 132% 35 373/4 155 34 37 149% 34% 37% 149% 132% 133 133 34 37% *147 133% 34% 38 34% 373/4 148% 134 *147 *134 34 fir' ' v %'■'?>. 373/4 148% 135% 43 V " 3 20% 3,400 105 32 50 60 600 ^. i- "30 88 40 900 433A 109 , Y 34 , 37% 1,800 3,500 148 10 135 800 60 60 60% 60% 60 60 60 60% 60% 60% 60% 603/4 960 28% 28% 28% 28% 28% 283A 28% 283A 28% •28% 28% 28s/8 *107% 108% *107% 1073/a ♦107 3/b *33% .34 115 *113 *18% 18% 323A 113 108 33% 113 18% *18 Vz 18 3A 107% 1073/8 32% 33 *112% 113 18% 18% 183/e *18% 21 •201/4 20'A *181% 20% *18% 20 303A 31 31% 31 31 31 30% 303A *30 31 see 18% t *20% 303A For footnotes 34 113 19% 19% *30 33% 20% 19% 21 *18% 20% 107% *112% 20 *183/4 *193/4 *18% - page 547. 19% 19'A 31 *30% 19% 108 ♦107% 108 , 130 33% 34 333/4 34 113 *112% 113 18% 183A 18 193/a > 130 18% 10O *18% *193/4 No par 100 31 31 31% 30% 31 31 31 31 30% 30% 2,300 400 Jan conv Colorado preferred & Southern—: 76 y4 Jan 116% May 43 ; ' • Nov: 6% 54'A Aug 10 'A Apr Nov 105 187/8 July 674 July 5 Jun May 109% Oct Jan 153/a Jun 23/4 ■V Jan 41 : Jan 5'A 6'% May Jan >21% Jun 27 6 1274 July 12 2974 Mar 13 374 July -8 16% July 10 86% July 10 241% July 12 1 Apr 9% 9 15% Jun 30 Jan > 75 2% Oct 10% July 29'A Jan 9% May 49 • Jan ' 20% Jan Nov 5% Apr 18'A July 65% Nov 16 " Jan Jan 83% Apr 251% May 57 143/4 Jan 148 70 111 11% May 47% July 9% Apr , 26% Jan 4 25% Jan 4 97% 16 32% 5 127% May 13 40 July 10 Dec 31% May 3% Jan 53/a 393/4 Dec, Jan Apr Dec 147 Nov Dec 54% July Jan 403% .120% 23 July H 5 16% Jant. Jun Sep 21 >■ 15 973/4 > Mar 20 3 Jan; 13 Jan 25 22 3 Jan Mar 28 98 Mar 115 4 *33 Jan 41 3 Jan 116 37% 9 110 . Aug 18% 23 11% Jun > Jun 3% Mar 111 Jan 27% Jun . Apr July 23% 1%' Jan 4% July 1121/4 July 19 Jan Jun: 27 ' Jun Dec 8% Nov , 73/a Sep Apr Jun 32% , Jan 72 a/8 Oct 163A July 18 20% July 20 30 July 5 Nov, 193/4 Apr July 18 ' 24 Jan 109 Dec 8% • 463A July 10 Jan 99 3A , 114% July 13 Jan 34 July 50 July 13V4 July 28 48' Mar 33% Jan 6 9% Mar 25 2% Jan 18% Mar 25 7% Jan 7% Mar 22 2% Jan 9% May 17% May 7% May 25% Mar 22 10% Jan 217/a Jun 293A July 12 65 % July 13 18% Jun 6 27 ,■* Jan '16% Dec 22 213/s July 12 47 Jun' 2 15% Jan 36% Nov Apr 41% May 53 48 Dec 54 11% Jan. 133/a Jan Apr 27 19% July 10 23 171/8 Jun ; ; 31/2 May July 1 8 5 19 30 98 % Jun > Dec. 153/4 *18 ; May Apr Jun 33/4 May 24% Jan 32% 67% Jan 85% July Apr 10% Jan 5 96% Jan July 8 27 Feb 63% Dec 10% Aug 4 Jan 8'A Jun 25'/b July Feb 107 66 • 3 23A 32% Nov 473A July 26 Jun 22 123 Mar 5 67 * Feb 185 90 Jun 115% Jan* 45'A Jun 153/4 Aug 106 Sep 391/4 July 145 74% Dec Jun 3 109% Jan 19 28'A Jan 1163A Aug 421/2 Dec 12 101% Jan 108% Dec 95% July 22 84 Jan 92 Vz Sep 53% July 22 50 Feb 54 38% Mar 15 33% Nov 109 Jan 331/4 391/2 July 12 152 67'/2 Jun 29% Jun ~ 353/a July 114 Jan 5 11 Sep July Dec 16% 7 Jan * 68 % Oct 25 Dec Jan 109% July 28% July Jan 114% *1031/2' Dec . July 123 7 61 40 153 Jan 88 1 1 108% Jun Jan Sep 48% Mar May 142 July 11 146% July 11 6 2 2.50 \ 46% July ^ ; 143A Feb 18 Feb 26 July 17 Apr 25 Feb 29. Jan Jan 30 A May 3 Apr 20 14% Apr 19 11% Jan 3 12 Vz Jan 4 13 Jan 4 Jan 25% Nov Jan 7 Jan 3 Apr 21 Jan Mar Mar Jan *85 8'A Mar 27 Jun1 16 52{2Mai;22 23 Vz 103% 253A 109% 40 ;, 8 16% 3Z/2™pr 100 non-cum Feb 27 92 34 Vz 145 ill 59 % Mar Jan 4%j Jan July 11 106 ; 38 6% 151/2 Jun 5 ,3^3/4 . Apr •>27% Dec Jan X20 ' 104 Jan 12 56% Mar 28 6% Jan 12 , 193A Jan; Feb 3 7 6 4 ^ Fe'J 9'A Apr 263A 24 1% Jan ^3 24 May 29 Mar .1% Mar 96% Feb 18 13 14% May 4 > 24 Apr 19 Jan 3 Jan 3 Jan 3 Jan 4 Apr 25. Apr 18 Jan Jan Jan Jan 13% 29% . 36'A 40% Jan 4 11 56 . 99% Aug 4 122% Mar 16 17% Apr 13 23 Jan 3 4 44 5% 11% 4% 18 21% 51% 191 /« 16% 38 A 47 Dec 30% July .. xl33A* Nov 19 5% July 10 2 Apr 19 May 1 6'A , 50% July 27 Jan 31 /8 Jun 31% July .^V4Jan 15 4 6 112% July 20 Apr 24 Jun 9 Feb 19 30% Feb 15 Jan 12% July 12 54 110 Jun % 511/2 July 14 10: July 6 39 l.°8 Jan 27% Jan No par • 100 non-cum 4% 42 151 20 A Apr 19 Jan 52 3/4 ,f 21% July 10 30% July- 7 Apr 19 f 22% 8 28 i>; 7% July 4 Jan 5 l'A Jun ' 8% Apr 22 No par , 30% July 563A Mar 6 1st preferred—100 2nd preferred—100 Columbia Br'd Sys Inc cl A 2.50 4% Class B 10% May 118% July 9"% May Jan 3 July 12 :11074 Mar. 4 27% Jun 107 5 Colo Fuel & Iron Corp . Jam 104% 8 31% 4 9 Jan 3 17 Jan 3 19 % Apr 20 2% Jan 13 100 Collins & Alkman 5% 42% July 20% July • Jan. Jan 4 3A Jan 6 May 15'A Jan 31% 96% 113 11 Colgate-Palmolive-Peet...—No par '■ $4.25 preferred No par . Jan. 20% 44% Jan 12 50 Equipment No par Louis Ry. Co——100 5% preferred— 100 ; Clev El Ilium $4.50 pfd No par Clev Graph Bronze Co (The) 1 5% preferred 100 Clev & Pitts RR Co 7% gtd 50 Special gtd 4% stock 50 Climax Molybdenum— No par Cluett Peabody & Co No par Preferred —100 Coca-Cola Co (The) ,—No par Class A No par 180 20 18% 19'A 20% 13 6% 52% Map ' 1,500 20 19% 20 *18% 18% 3 .-18'A Jun Jan . 72 33 O. O. C., & St. 10 Jan/ 293A Jun 33' 143% July 12 i Clark 1,100 *112% 9% 30'% 44 July 44% May • < ' - 9 City Stores 2,300 Jan >12% Apr • 35 % July > 4 - v- Jan Jan v 37% , 29'A 6 • . 23 Corp City Investing Co——, 4,900 , ( Co City Ice & Fuel QVz% preferred - 40 t 10% 47 ' 185 57 135 1 J—25 ; No par No par 1°° 5 -5 Copper Co Chrysler 6,800 *53% 37 5 5% Chile 30 93 97 333/4 - 3,200 29% *95 *146 700 200 .114% 114% *106% ;; 97 37 % i 47 ♦155 , 98 *95 343A £ 9% 9% 47% ,47% 97 155 105 60 *95 34% 20% 20% 106'A 97 *37% 91% 93%? *95 *149% *28 29% 10512 *86 114% *16 3 20% * *155 87 4 ' NOV'" Jan: 0% Feb 19 43% Jan 4 preferred 50 Chicago & Northwest'n wi—No par 5% preferred wl 100 Chicago Mall Order Co. 3 Chicago Pneumat Tool No par $3 conv preferred No par Pr pf ($2.50) cum div No par Chicago Yellow Cab. No par Chlckasha Cotton Oil —10 tChilds Co No par / 2,700 16% 8% 20% 33' - Nov Jan .97 Chesapeake & Ohio Ry— 25 Chic & East 111 RR Co..—No par * Class A i -40 12,700 265/a 6 Co-i^— preferred Checker Cab Mfg., 6% Chesapeake Corp;Of Va.., 400 ,: 46% 6 3/4 " 22% 6% 6% . !. fJov Nov 16 3 23'AFeb>8 333/4 Jan 7 8% Jan < 3 42% Apr ' 4 - Champion Pap & Fib Co 800 200 46% 7 Chain Belt 100 26% *123/4 47 7 2,010 112'% 39% 13 46% * 19% 26% 27 *111% 112 41 ? 40% 41% -133/a *19 19% 263A 111% 13 102 Dec 14% 45 Jan 24% • , Vloleta Sugar Co Century Ribbon Mills—-—No parPreferred —,—100 • Cerro de Pasco Copper No par Certain,-teed Products— 1 0% prior preferred 100 — 6% 38% . 13% Nov- / 3 • Central 9% - Apr 20 3 20% Feb 24 24% Jan 3 533A Feb 24 100 tCent RR of New Jersey. 1,800 11632 Jan 28'A 6 % - 413/4 July 17 Feb 8 / 274 Apr 25 l2Vz Apr .18 67% Jan 3 20 Apr 18 20 preferred 1,200 *9% *1153/4 23 6%; 223A Dec •; 28 ,100 23% ' / July t t.14% ■Jan- Jan -874 Jan No par — 10% V " / Oct 39 Jan 20% July 13 43% Apr 25 —No par Foundry Co 1 Central 111 Lt 4%% preferred—100 10 , *115% 10 116 SI 26 3A •111% 127/8 46% *6 3A 96% 46.% 13% 46'% • 40 3/4 *39% 41 *40 ; 193/4 19 26% 27 *112 97 96% 95%. 30 2% 1 July 10 71% July 8" 11% Jun 29 54 Central ' 95% 35 >26% Jan/ 190 "-4 Central Agulrfe Assoc 2,000 4,600 *1103A 112 Corp ' 10% 23 Apr 17 1"2% Jan 3 No par No par, 2d preferred Celotex 2,500 18% 21% 4% May 12 July 12% July 4 107 No par Celanese Corn of Amer 99 3/8 14% Jan 275/s Jan 25 100 Caterpillar Tractor * *111 Co 1,300 183/4 ; I) —1 Preferred 100 49% 21% 18% 22 4% (J Co 49% 119 14% 14% Case 2,100 / 147 Steel 99% 99% ' 100 4% 183A *21% Jan' Jan / - ll3AJulyl2 121 Aug 1 163/4 May 19 100 25 120 I 34f«: *343/4 31 1—No par ; 5 Canadian Pacific Ry 15,300 49% 49% 35 99% Dry Ginger Ale Southern Ry Co 111% 36 146% 49% 35 <118% 5% 35% 23 ; 3 * • Cannon Mills! No par Capital Administration class A—1 $3 preferred A —K) Carolina Clinch & Ohio Ry 100 51/8 146% 363/8 147 993/8 - 141/a 14 • 22% ♦ 44V4 Jun 12 5 17 Zlne-Lead.— 100 *30 31 5% 5% 34% 120 *118% 14% 14% ♦146% 35 991/4 993/8 49% 34% 343A 99% 5% 353A 36% *146% 147 49 49% 146% 49 5% 5% ' 36% 146% 493A *118% .5% *5% : . umw 400. 50 ., 4 • No par :—100 No par 303/4 *111% . 7'A Apr 19 / 30 —5 T ! 9 *49 y8 50 111% ! 483% *8% 8% *49% •111 111% Canada ' 5% 5% 56% May 96% Jfuly 51 July ; . Jan Jun July 21% Mar 17 ; 50 July 7 50% Jun 21 22% July 1 6 98'% Jan Packing—.. preferred Canada ' Jan —-10 Campbell W & C Fdy • 41 *403/4 41: « 3 ; ; 47% Jan —100 i : [ 5% 3,700 203/a 41 i. conv Callahan • 29% 8% *29% 31 8 123/4 July 5 38 " Jun 16 4 Jan 28 574 Jan No par > —50 1 Calumet & Hecla Cons Copper 5 t • 20 1' j, 1 20'A 8% 49 Ve 6% 53 *54 55 . 1. 116' California 2,109 29% 48% *1111/4 *54 1% 29 Jan 8'/a Jan • 1 . 900 29 11% 50 -6% 54 —No par preferred Butte Copper & Zinc. Byers Co (A M)— Participating preferred Byron Jackson Co. : 5% 1,300 14% 20% *8% r . Nov 4174 July 17 7% July 3 43 July 1 3 393A Jan 16 17'A Jan 4 Bush Term 19 . 11% . 111% 111% *293/4 54 1% *47.% * 9 *49% v ,54% , / No par ■ 'Butler Bros 80 3" Jan 14 Jan 4 /14% Jan 13 preferred : : —100 BIdg 7% preferred—100 130 28 3A 19 29 *40% ' •54 >;.i-> , Co—t— preferred : •54 8% 27' 39 / 40'A Burroughs Adding Mach.—No par Bush TermliihL— 1- 29% 33/8 / Burlington Mills Corp..: ' 29 Jan 85 <-38% • 380T 14% *80 No par L.100 No par No par 1 BulovaWatch— / ; 82 3% > 14% 82 Forge 5 U-100 . 4 Wheel.:. , ^ *18% 41% 4 7 116% July 19 34 Jun 17 - —No par —No par Bucyrus-Erie IO1/4 67-. 29% 26 /341/2 Jan 33/a Jan : : Inc Bruns-Balke-Collender 800 10 11% "19 3 27 42% July 8 28-/4 Jan No par Bristol-Myers *• Co—— .—5 Brooklyn Union Gas.——No par 103/s 18% 8oy2 19 1097/B May 19 100 11% Nov * Feb July 95 52 18'A Aug 10% 67 *28 3/4 527/8 Jun i •- Jan • Jan; ■ Dec 19% Mar 11% Jun 19% July . Jan / Jan ; 9% 5214 July 12 69 49 6% 26 88Vz Apr 18 4 46 % Jan 33J/2 Jan 40 ■ Jan 13% 76 153/4 Feb 29 l 4,100 120 ll'/s 187 11% 6% 45 Jan 'Jan 6% Sep 69% Apr 121% July Jan / 16 July 15 July. 5 7 68% 185 65 • 5 Nov/ 273/a 5 18 ; 106 3 69 48 1 12% Jun 207/8 July ;. 4074 Feb 186 11% 1 4 Jan 141/4 Mar 14 123/4 Jan 68 *40 14% 119 10% 65 55 Jun Jan 54 3 5 37 V2 Jan Airways *183 / *18% 109% 103% 119 18% 32 >: 21 48 *54 93'% Mar 1—5 (assented) .100 Brown Shoe Co—_ 103/e 11% 40; 3% 16 v Brlggs & Stratton 2,500 21 120 10% 181 67% 14 i\ 11'/a July w—5,; 45 *44% 11% 3% 22% Aug 3 3 4 7->/4Jan .2.50 ;—15 Bridgeport Brass Co..-: No par > Briggs Manufacturing——No par j 6,600 . 47% 47% 3% 16% Jan Brewing Corp. of America 400 Y 11% 36% 67 *291% 37 % Feb 24 ,—lb Bearing Co . Braniff 21,600.. v . -.47 > "• 45 *20% 121 Corp_j Bower Roller 300 , 17% 53 36 4848 ' 1 47 11% 36% 36 49 / 36V« 41 16% >, *52 - *46y4 . 39% ~ 11% J 7 8% 110% 1 — (The),.— Borden * 10% 1 Co 6,400. w 5% 21% 6. preferred 4%* 200 'j 32% 38% 40 5% 10'% 141/a July 20'/4 July 15 No par ■■> No par „ Nov 38 66% July 11 126% July lo 481/2 Jun 19 —100 Stores Inc 57 Jan ; 4 5 I 173/a Feb 223A 2 v No par —100 i 13% Mar 543A 20 5 class A Class B ; 270 19% July 14 56% Jan 24 403/4 Jun 20 • 56y4Jan * .100 Aluminum & Brass Bon Ami Co 320 - . { 15 3/s Jan 4 Highest $ per share • 115:;.- 115 32% ; Jan 1153/8 Feb No par Boeing Airplane Co., 2,800 5001 n (Del) Bloomlngdale Brothers Blumenthal & Co preferred 20.. :'i ;<• 50 94% 51 10% *109 14% 47% 14 50y4 10% *31% 109% *65 41 -v .<*. 17 53% Apr 21 333/4 Jan 28 1 Steel No par Black & Decker Mfg Co.——No par Blaw-Knox Co No par Bliss & Laughlln Inc i—-5 500: ,,' , n-' " 94% . 10% *18 1/4 32% 61/8 41 51 18% 17 : 106 13% 141/4 21 4a 14% 94% *16% *100 21 19% 18% *109 50% 94 *50% 9?% 40 31% *50 116 14 : 671/4 20 *39% 50% 14% 18% 17 106 21 186 ' 1 *18% 14% 19 *16% 20% 101/2 66% 10 141% *18% *100 : 5% 36 45 *1191% 188- . 9% 19 17 106 10'/a ' 10% 66%' 6,700' 201% 121 *119% 101/4 *47% - 20% *44»/4 10% 10'/a " 20 20% 20% 10% par preferred Blgelow-Sanf Carp Inc 600 < \ par No 7% 3,200 17%. 52% *46% {*441/4 22%' *50% 11% 17% *50% " 11 47% 221/a 39% *5% 40% 40% >; 17 521/2 ' 35'/2 47'A 22% No Lowest $ per share $ per share ' - Z^5%:;.Z.5%. 5% - 48 ioy4 Loan Co Year 1943 Highest $ per share fc Foods 48 : L,: pfd $2.50 div series '38_No par Bethlehem 200 22% ' 32% Best 12,900- 10% V *100 ' 94 *50% *50% 40% 1 40% 50% 931% 93Vz> 50% 1161/2 106 14% 14'/a 61% 1261% ♦125 22%- *16% *100 2,400 , " X61% 63'% 126'% 48 Y *18% 191/a 17 106 14% 51 . > & Pr 4 *18% 191% *16 *100" .' 50% ' *18% 161/2 '106 Best 38% 18% 181/2 191/4 62% *125 Indus Beneficial 800 58 37% Range since January 1 Lowest- :' 800 19 *56 Range for Previous STOCK * ■ 10'A ioy2 *100 *18% 38 y4 YORK EXCHANGE 2iya 20% 10 Shares $ per shar* 58 19 63% 1251% 62 NEW the Week Aug. 4 19'/a 38 19% 617/s 12514 ' ' • *56 125% : for Sales Friday Aug. 3 58 *56 RECORD PRICES Wednesday Aug. 2 *38'A 61% SALE 1f Tuesday Aug. 1 19 % *19 HIGH July 31 $ per share 19 % AND 539 17% 108 Oct 203/b July 10 233A May 27 13% Nov 19 3/b July 2% Jan 19 24% May 27 3% Jan May 26 33% Jun 28 3 1 Jan 173/4 Sep 15% Jan 26 3A Dec 32% July 10 15% Jan 26 Vz Deo 23 19 % Sep Sep THE COMMERCIAL 540 Monday, August 7, 1944 CHRONICLE & FINANCIAL RECORD NEW YORK STOCK Range for Previous STOCKS LOW AND July 31 July 29 4% 4% 79% *72 74% •72 92 •88% 20 20 •19% 20% 47% •44% 46 90 90 21 20% 45 45 413% 413/4 41% 47% 16% 16% 16% •26% 27% 97% 26 ; 23% 23% ,v. 5Va 23% 12% 12% 12% 12% 12% 12% 12% 32% 32% 32% 315/8 32% 31% 313/4 14% 13% 14% 13 13% 24% 23% 23% 24 14% 14% 14 16% 16% 17% 17% *47% 49% 48% *47% 48% 106% 106% 106% 106% c 106% 25% 25% 25% 24% 24% 24% 14%. 14% 14% 133/4 133/4 1,200 Consol RR 17% 16% 17 16 5% 16% 6,800 25% r *45 7% 12 11% 45 7% V 30%.. 29% 29% 29% *29% 16% 46 30 29% 16% *44% 7% 29% 29% , 45 . 163/4 163/4 *44% 29% 16% , ■7% 403/s 45% *443/4 113/4 11% 11% 11% 11 11% 45% 45 45% 45% 45% 2,100 Continental Insurance 73/4 7% 73/8 7% 21,100 Continental Motors 30 293/4 29% 29% 293% 7% 203/4 29% 29% *29 29% 29 29% 800 Continental Oil of Del Continental Steel Corp 17 163/4 163/4 *16% 163/4 16% 16% 900 Cooper Bessemer 45% *443/4 453/4 40 11% 3,400 30 22% 22% 223/4 233/a 22% 22% 48% 49 49 48% 49% 49 573/4 58 58 6% 3% 33/4 33% 33/4 25% 24% 25% 24% 109% 109% *109% *25% 25% 25% 25% *21 21% 21% 21% *35% 36% 36% *48% 48% •48% *18% 18% 18% 101% 101% *3% 25 109% 253/e 253/e 25% 253/8 253/a 223/4 213/4 22% 363/4 37 36% 37 355/8 36 2,400 *48% 50 *48% 50 *485/8 50 18% 18 3/4 *37 18% " 183/4 19% 34% 33% 793/8 793/a 78% 24 24 24 15'/a 14% 15% '25% X 15% 150 *140 150 233/4 25% 25% 25% 8 3/4 8% *50% 52% *50% 5% 5% 5% 5% 17 *112 *128 *9% 10 5% 17% *112 117 25% 25% 10, 26 *107 X 108 *128 130 128 128 30 16% *9%' 10 *293/4 30 *29% 8% 20% 20% 31% 39 *15% 15% 33% ■ 21 *193/4 33% 36 34% 8% 83/8 20% 203/B 33% v *60% 203/s *60% 38 313/4 313/4 313/4 40 39% 39% , 38 31% . *39 35% 8 8% 20% 20% Class 153/4 15% 800 3,100 Deere 33% 99 99 *98% 99 *98% 99 43% *35 20% 33% *39 *17% 47 243/4 25 243/4 25 243/4 24% 523/4 52% 53 523/4 53% 52% 523/4 128 127% 127% 110 109% 109% 108 36% 36% *36 128 110 35 35 *10% 103/a *143/8 15% 1273/4 128 *108 35% *108 343/4 * 10% 10% 9% 15% 15% a - 128 128% *108% 110 353/4 36% *9% 9% 16 163/4 155 156% 93/4 10 16% *16% 16% 155% i , 37% 155% 47% 42 ■ 154% 126 126 • 119% 156 126 126 126 *126 119% 119 119 119 *119 V < • 154% 126 ' 119 400 .'.'Ii. 3,300 153 /' 155% 125% 126 ,119 126% 119 900 9% 17 *16 . 500 2,300 119% 1,000 125% : 119% > 70 2 4% 4 15 17% Feb 21 4 48% Feb 21 Jan. 7 16% Mar 10 <jan 14% Jun Jan 18% Dec Jan 47% Dec 16 Aug • 45 Jan 102 % Jan July 10 10 10 Oct 233A Jun >11% Jun 96 Jan 110% Sep Jan 367/a Jun Jan 15% Jun 49% Sep 6 27 7 13% Mar 16 403/4 Jan 8% Jun 29 4% Jan 7% May 33 % Jan 22 25% Jan 373/8 July July 19 5 183A Jan 273/4 July 133A July 52 46 3A 41% Jun 16 ?% Jan 3 29% July 31 . 30 19 July 19 12% Apr 24 19% July 38% Feb 29 46 10 3A Jan 4 15% Jan 5 July 31 x9% Jan 15 45 Jan 53 13% Dec 173/b Aug 37 Jan 47 184 3/4 July 10 10 52% Apr 28 173% Apr 29 Jan 173 53% Apr 61% May Jan Dec 1863A Sep 2% Jan 6 u Jan 2% May ' 18% Feb Aug 6 7% July 6 273A Jun 7 104% Jan Apr ■ 43/e Jun 29 3 1% Jan 5 22 25 % 3 44 % Jan Jun July 12 50 Jun 30 60% Jun 9 Mar 20 47 r 107 26% Jun May 24 2*Va Apr Jan 7 43% Jun 110 5 32% Feb Jan x4% Mar 10 Jan 16 27 7% Jan 27 105 % May 89 107% July 12 5 15 Feb 20 333A 20 May 14% Jan 223/b July 95 28 110% July 21 Jan 108 % Aug Jan 23% Mar Jan 23% July Jan 3 25% July 11 16% 16% Jan 273A Feb 3 1 233A July 12 383A July 5 183% Jan 31 Jan 3 49 7 37% Jan 47 Oct 19% July 13 11% Jan 17 Oct 81% Jan 99% Aug 20 45 15% Feb 9 103 97%'Jan 20 4 20% Jan' 3 11% Feb 10 Jan 25 22% Jan 18 22% Jan 4 112 Jan ' 4 101 5% Apr 25 97 Apr 25 41 Apr 24 4% Jun 6 143/4 Jun 9 Aug 3 ■ 81% July 283/a Mar 17% July 140 Aug 38 82% Tuly Jan 223A Aug 73/8 5 Jan 14% Jun Feb 115% Dec 105 July 11 26% July Dec Nov X66 5 10 10% Jan 6 18 Jan 2 100 Jan 29% Mar 15 108 Oct 9% 27% 36% July 10 4 , July 9 July 253/4 Oct 26% Jun 107 Oct 10% July 13 13/4 Jan July 11 55 % July 14 6% Jan 7 30% Jan 5% Dec 9% Apr 17% July 12 117 Jan 3 14% Nov 24% Mar 96 140 17 7% May 116 Jan Dec 45% Sep Feb 119% Nov 28 27% July 17 15% Jan 26 3A Jun 4 P% Jan 19% Mar 17 JO* July 13 22% July 26 17 Jan 19 Mar 12 Jan 19 > jun Jan 116 114% May 20 21% Apr 13% Jun 111 12 May 24 "> 3% Jan 16% July 10 113% Apr 12 108 3% 7% Oct Jun Jun 29 10 Jan 243A 45"% Jun 27 20 Jan 43 353A Jun 19 29 Jan 36% July 5 12 Jan 20% May 173/4 Jan 35% July 26 Jan 33% Mar Feb 8 37 Jan 42% Nov 25 preferred... 2 No par Class 38% Mar 31 13 y4 Jan 11 X273A Feb 29 Apr 14 No par 15 >4 Jan 3 No par No par No par 433/4 Jan 33'A Jan 100 preferred Co Cup 3 A Doehler Die Casting Co —No par 95 30 Sep 40 Douglas Aircraft 1,200 3 Oct 29 31 2,600 363/4 27% Mar 323A Jan 523/4 108 Nov 61% July 28 Dome Mines Ltd 127 17% Sep 39% Jun 4,800 93/4 93/4 17 155% 18% Jan 24 % Aug 8 8 243/4 *126% 21% Mar 5 52% > 29% Nov 3 24 >: ■ 126 900 25 109% ♦119 340 42% *17% "173/4 *47% *35 1563/4 473/4 42 17% Nov 9% Feb Corp-Seagr's Ltd Dixie 24 % JulV 11 29'A Jan 28% Jun Match partic 5% 500 42 52% 1563/4 xoo 19% May Feb % 18% Distil 17 % * 3% May Jan 2% 52 No par No par Reynolds A Diamond T Motor Car Co 99 Jan 7% 19 32% Aug 2 13 % July 12 Diamond *98% 99 47 53 v July Jan 3,200 333/8 3 Apr 24 3A July 105 3 Devoe & 6% 3 12 ;*n Jan 17 1.000 15 42 523/4 400 323/4 47 243/a 1,000 393/4 15 33 % 17% 24% Detroit 31% Jan Jan 6'/a Jun 27 25% Jun 22 "5 13 6% Dec 17% Jan Lack & Western Detiolt 313/4 131% 3% 15% 91% 5 July 10 107% July 26 ' 17% Jan 5% Jan —I & Hudson 520 13 43A July 25 100 50 Edison 20 Hillsdale & S W RR Co—100 Preferred Deisel-Wemmer-Gilbert 4,200 38% 98% Jun 18 18 Delaware 64 23 36% Apr 32% Apr 203/4 38 Jun 24% Nov No par 20 10 9,000 *60% 100 pfd Co & 20% 20% 25 Jan 5 8% 42 24% 500 Jun Jan 10% 21% Jan 7% 8 3/s 47% 42 1 (The) 13,300 35 11 17% 1 Delaware 17% 'X 500 35% *20% 42 *17% 43% Dayton Pow & Lt 4%£ Records Inc ' 47 ,r. Corp Decca *15%" 33% 17% 1 100 39.Jar;39% 33% 42% 128 1,300 38 33"% 25 Chemical Davison 14% 29% 35% 31% 1 100 No par preferred— 5% 112% 35% 393/4 pfd Corp._^i^.L.~w~~:B,. Davega Stores ... 29% 64 153/4 10 25 21 313/4- A Cushman's Sons Tnc 7% 112% 433/4 38 333/8 47% . *21 No par No par 1 Cutler-Hammer Inc 1,800 25% •14% 14% *60% 15% 17% 42% *9% . 203/8 38 33% 41% 17% 46% .. 113 64 15% 46% 17% 46% 8 64 *37 64 38 *98% *41% 109% 35% 34% 33% 99 128 35% *43% 15% : 333/4 *98% 29 3/8 *193/4 *31% 39 14% *112% 29% 20% *383/4 31%' 14% 113 10 ' 25', .:> 34% *37 37% *9% *21 353/8 *60 % 37 25 43% 353/8 20% 20% f 10- 433/4 20 8 64 29% 297/8 8% 33% 8% *112% 20% 20% 33% 14% 143/4 35% 35% 33% 14% 43"% 21% *20% *21 43% 35% *35% u: :v >*0%^ 25 #21 29% 30 43% 43% ' *112% 113 433/8 43% *60% , 113 *112% 113 . 14% 14% 14% *14% *112% 25 *21 25 *21 No par Curtiss-Wrlght ' ' i— preferred Prior preferred 117 25 Jan 16 Jan 100 30 5 100 $7 14,700 4,000 *112 2"% Jun 29% Apr 12 Jan 100 10 Curtis Pub Co (The) 550 5% preferred 4%% ' 14,800 52% 16% 17% 25% 25 9 5% 117 *112 , 108 5/8 July 15 28 10 69 Press Inc Cuneo 300 -10 19 y4 27 28 Sugar 5 July 23 100 preferred Cudahy Packing Co *50% 5% 17 173/8 Cuban-American 2,900 25% 53 July No par preferred RR 6% preferred 5% Cuba 700 24?/s 8 v 7% 25% *107 Corp 6,500 24 130 ' 5% 25% 23% 15 145/s 150 tHO 9% 52% 117 23% •>: 108 , No par No par 8 No par Crucible Steel of Amer 800 25% 83/4 9% No par $5 conv preferred 2,500 78 S/8 25% *25% ^ 335/8 233/4 25 25% 33% 15% Crown Zellerbach 180 *77% 150 •140 (The) Crosley Corp (The) Crown Cork & Seal 2,800 103 103 34 preferred $2.25 preferred 19 19 78% 14% 15% ,513/4 '52% 5% 5% 52 25% 25% 108 8% *9% 253/a 25% .X 9 17% 17 117 163/4 *112 *253% ■*i. 128 128 129 - 26 110 *107 110 8% *125 X *25% 26 X ■ii 233/4 24 150 v 103 102% 34% *140 , * 19% 103 102% 25 X 117 *25 50 78% •140 " 16% 16% *112 37% 34% 52% " / *48% 25 100 2 Co conv Cream of Wheat Corp 2,900 36% Inc 5% 500 22% 143/4 130 ? 500 22% 102% *107 : 6,300 22% C6 5% 25% 109 % 25% * *50 Crane 25% 109% 25% ' 27 24 1 1 Coty Internat Corp 223/4 78% *23% 8% 3,000 213/4 *25 102% 110 400 33/4 1093/4 1093/4 -// 333/4 26 6% 253/4 1093/4 78% 25% *125 3% 25 25% 21% Jan 7% Jan - *6% 6% 4 33% *25% 8% 6% 102% *24% *107 4 25 180 33/4 63% 33% 15 150 *140 2,800 18 3/4 24 15's' 160 585% 78% . 78% 78% *23% 48% 58% 49% i 102 33% .33 %! •X : Coty 22% 48% 58% 180 28 23A Jan No par 100 25 190 3,600 22 483/4 182 Dec 3 16% Jan No par No par Corp preferred prior 1% May " Copperweld Steel Co 5 Conv pref 5% series 50 Cornell-Dunilier Electric Corp.—1 Corn Exch Bank Trust Co 20 Corn Products Refining 25 Preferred 100 22% *180 182 $3 90 52 58% 4 109% 109 110 33/4 25 *5$ 3/4 48% , 58% 6% 11% 11% 52 8,800 22% 49 ' 181% 6% 113/4 23% 22% 182 *180 6% *6 6% *6 181 181 180 180 45% *51 52 *51% 52 *51 29% 11% 11% 11% 113/4 52 7% 45% *45 45% 11% 573/4 Continental Diamond Fibre Jan 13 82 95% Jun 20 5 $2.50 1 ..5 No par Inc 3*2 Jun July 8'A Feb 100 Can IP/8 51% 58% Continental 16 21% Jan 5 15 1 preferred B% 300 2,700 1,900 40 45% 11% 58% 2,900 8'% 110% 40 75% 51% 11% *51 8% 110% 11% *48% ' 4,100 40 S/8 395/8 40% pfd Jan 20% Jan preferred : 50 Consumers Pow $4.50 pfd___No par Container Corp of America 20 Continental Baking Co No par 490 253/4 83/4 110 110 110% *109 . 85/a 8% 8% 8% 40% 1063/4 25% 26 Cuba 6% of 9% Sep 44% 243/4 Jan $2.50 106% 106 3/4 106% X25% 26 pfd conv 45% 11% 45% 7% 106% 25% 110% 393/4 11% 45% *11% 106% $1.25 1,900 48 V2 *48 48% *48 48% 26 *109 393/4 39% 39% *47% 107 83/4 8% 109 109 109 39% 26 8% 8% 8% * Jan 36% Jan 1 Consolidation Coal Co 17% *47% 24% 17 14% 16% 13% 14% 24 14% 1% July No par xl3% Jun 29% 87% Mar 11 $2 partic preferred Laundries Corp 14% July 3 15 13% 41 44 107% 1 102% Jan Gas I Jan 104% .Jan Jan No par Natural Jan 19% July % Feb 17 Consolidated I 25% 10 Jan 30% 6 19 1 50% July 15 18% Jun 16 23 Consolidated Vultee Aircraft 9 * 79 3% Feb 24% 14% 18 21% Feb Consol 5,800 23% 15 preferred Consol Film Industries 10.500 14% Feb 14% Apr 25 Corp July 43% Jun 106% Jan 40 % No par ... 47 3 11 $5 3,000 12% 31% 23% 25 9 Mar Feb 37% Jan 105 No par 1,900 24 12% *12% *108% 24 31% 14 39% Jan No par 10 100 Edison Co preferred $4.75 800 53/4 55/s 53/4 23 5% Mar Apr 25 Consol Edison of N Y 2,100 24% 22 % Jun preferred conv Consol Coppermmes 19,400 12% -31% 31% 243/4 53/4 24 Credit Commonwealth 2,500 106% 24% 16% Apr $6 preferred series 100 4 31% •13 *12% 97 24% 53/4 No par No par 106% 24% 98% July No par No par No par 5 243/4 53/4 Jan Congoleum-Nairn Inc 3% 24% 24 79% Conde Nast Pub Inc 107% 107 107% 106% 5% *5% 24 243/4 *23% 107% 107% *5% > 53/4 5% 23% , 97 973/4 > 4 24% 24 5% 24% 245/s 973/4 15 Consolidated Cigar 26% 26 X 4 X 4 93% Jun 300 26% 973/4 14 900 *26% 27% Feb 300 263/8 3% Oct 84 9,600 *165/8 26% 97% Sep 73 17% 27% 17% 26% •26% 77% Jan 263/8 273/4 *16% 4 Jan 37 2734 27% 17% 26 3% 97% 24% 107% 107 107% *107 4,900 27% 27 *3% 24% 23% 7,300 17% 273/a Jun 40% 80 Nc par Commercial Solvents No par Commonwealth & Southern_.No par 41,100 263/8 *97 4 16% 843/4 26% *26 / 97% 3% 4%% /'I/ 1 843/4 80 84% . 26% 26% *97 4 *3% » 17 17 16% 1% 1 1 853% 17% 27% 27% 273/8 26 *97 85 84% 163/4 16% 163/4 1 85% 47% 5% 85% Mar 14 7 4 " Comm'l Invest Trust 3,700 473/4 Jan 3 Feb No par Carbon Co Commercial 106 % *105 1% Jan 70 preferred $2.75 200 3,800 41% 413/4 48 473/4 48 16% 1% 1 85% 47% 2,100 46 *44% 106% '105 106 % *105 16% 16% 1% •26% 26 26 ' * 6 76 Pictures Columbia Highest % per share % per share t per share 100 100 preferred series A preferred Columbian 200 203/a 20% 45 41% 193/4 16% 27 20% 20% 45 41'/a 41% 47% •16% V 46 19% *44% X. 47 17 90% 91 90 47% 27 *88% •88% ♦88% 47% 27 73% 74 106% •16% 73% 5% 74 *105 83% 6% 140 74 41% 83% 2,500 73% 106% 83% 29,700 73% 41% 1 43/8 813/8 81 •105', 1% 4% 81% 4% 813/4 No par Columbia Gas & Elec 4% 81% 43/8 4% -■ Year 1943 Lowest Highest t per share par ■> Bharet t per share t per share Lowest EXCHANGE the Week 4> Range since January 1 STOCK YORK NEW for ' 81% 41% 1 Aug. Aug. 3 AUg. 2 . $ per snare 4% 47% ; \ 81% 106% 41% *105 ' j 73 91 *44 ; 81 :x 4% 80 74% *89 ':\( u Sales Friday Thursday Wednesday t per share 4% 80% 4% Aug. l - share $ per J per share *80 HIGH Tuesday Monday Saturday SALE PRICES 22 3A July 83% Jan July 10 37 July 41 48% Jan 9 25 213/a Jan 83% Jan Jan 10 17 35% 100 Jan 5 18% July 12 4 473% Aug Apr May Oct Dec 16% July 38% Feb 45 July 4 45% July 10 223/a Feb 34 Dec 21% May 12 273/a July 12 15% Jan 25% 47 57% Feb 25 44 Nov 73% May Jan 5 122% July 7 393/4 Jun 26 May 13 No par No par No par 1 Duplan Corp No par Du P de Nemours (EI) & Co 20 $4.50 preferred No par Duquesne Light 5 % 1st pfd 100 1063/4 Jan 7 28% Jan 21 8% Apr 19 16 Sep May Dec 1073/4 Dec Jan 35% Jun Jan 10% Dec 28 9 Jan 19 134" Jan 13% Apr 159% July 124 Dec 130 Aug 121% Sep 113/8 Dec 2 11% Feb 11 Feb 7 17% Jun 162% Jun 6 128% Mar 24 7 1203A Jan 117% Jun; 153 5% 12% Feb 123% Jun 137 Nov Xl067A 112 series A Mfg Co Dunhlll International Mar 36% May 131 $4 preferred 223A July 8% 26 Dresser Jan 5 100* Dec 10 3A May 16% 5 Jan 17% July 1143/4 Apr Dow Chemical Co 17% 3% 9% Mar 22 21 July 20 . 115% Dec E 123/4 39% 12% 165% •48 48% *48 123/4 123A 39% 39% 12% 165 165 182 182 48 48 48% *39 12% : 12% 123/4 2,100 Eagle-Picher Lead Co 10% Feb 28 39% 38% 39% 2,000 Eastern Airlines Inc 33 > 13 13% 13 165% *164 165 185 *182 185 •182% 48 48% 48% 13'/a 4,800 1643/4 900 13 13 165 13% 1653/4 : 12% 12% 40 182 165 3/4 *180 182 12% 40 123A 12% 12% 165 % *180 13 40% *12% 393/4 12% *39 163% *182 48% 185 49 500 Eastern 6% *48% 700 Mills Rolling cum preferred 20% 20% 20% 20% 20% 20% 20% 20% 20 20 44 443/8 44% 44% 44 44% 44 44% 43% 44 3A 11% 11% 11% 113A 11% 113/8 11% llJ/a 11% 113/8 43A 43A 4% 43/4 4% 4% 43A 43A 4% 4% 1,200 Elec & Mus Ind 4% "> *43A >• 43/8 4% *4% 4% 4% 43/4 4% 4% 4% 4% 4% 43/8 3,900 Electric Power & 88% 900 *89 893A 893A *84 853A 85 90 90 85 - 84% 90 90 84% *84 84% 85 Va 90 84% 43% *43% 45 43% 43% 43% 43% 43% 43% *32% 33% 2 *32% 33 33 33% 33% 33% *33% *63% 65 \ *63% 65 105 % 105% *105 1053A *63% 104% *63% 65 1053/a 105% 64%. V 106 105% 100% *102% 106 106 123A 12% 13 12% 99% 99% 100 98% *100 % 101 1023/4 103 103 *102% * 103 103 *102 103 100% 10234 3A 11% ♦11% 113A 11% 11% 1.8 11% 11% 113A 11% 113A 11% 11% 11% 11% 11 58 : *58 58% For footnotes see page 547. *3A 58% n 58% 58% 13% QQ 100% *100 3/4 u 58%: 230 106 30,700 1,160 100 3/4 140 70 103 - % *113/8 % 12% 123/4 QQ 100 100% '200 " 123/8 99 101 800 643A 12% 101 1,700 *64 99% 101 43% 643A 12% *100% 43 Electric Electric 3A 1,200 Autc-Lite 10 Am shares Light $6 Electric Storage Battery El t Jan -44% July 3% Jan 146% Jan 8% May 170 May 171 184 Jun 29 May 23 *173 X Sep 45 3/« Feb 19 45% July 8 13 Ye Jun 19 30% Jan 39% July 83A Nov 14 4 5% Jun 3% Jun 9 5% July Jan 1% Jan Jan 92 Nov 88% Nov 42% Sep 25 99% Mar 3 78 24 943/4 Mar 4 28% 39% Apr 28 47% July 11 33% 23 % Jan Jan 5 49% 108% Jun 3 101% 133/4 Jun 27 23/4 9% Jan 4 133/4 Mar 22 No j 93/4 Jan 3 13% Mar 22 1 46% Jan 3 59"% July RR common 11% 1,400 11% 6,900 Ctfs of 1,000 5% pref series A benef int_ 3 Jan 3 100 Jan 3 102 923/4 Jan 10 104 July 89 3/s Apr 25 X32 May Sep 58% July Jan 8 3/4 Jan 87 < Dec 68% July No j Erie 11 6 3/4 Jan 34 % July 20 53/a May Jan 25 19 Sep Mar 1% 81% Apr 7 July 3 16 31% Apr Jun Jan 11% 50 preferred ———: Public 8ervlce No j $5% preferred No j $6 preferred No j tEquitable Office Bldg No j 4% 184 Jun 30 20% July 3 35 18 57% Jan $5 preferred 11% 59% No ] Engineers 113/4 59% 4 31% 23 101% Jan 11% 59% 1 9"% Nov 6 403/4 July 14 13% Jun 27% Feb No j No ] Johnson Corp Endicott 11% fiMWW.lliS8% No ) Natural Gas. Paso 3 14% July Apr 3% Jan Boat 11% - Jan 37% Jan (The)—. preferred preferred $7 500 34 99% 100% 84 3A *33% 12% 99 58 64% *82 34 99 *12 * 43% *88 89% 90 6,500 Jan Edison Bros Stores Inc 20% 11% Feb 175 16% May 44 11% 157 41 20% . 7 24 ; Eaton Manufacturing Co— 4334 2,700 3 : No Kodak Co Eastman 10 Apr 25 6"% Jan 103% Dec 9% Sep 54 Jan 92 July 24 57% Jan 92% Sep 1 62% Jan 96 Dec 12 % Jan Aug % Jan 2 17 8% - : 1% Mar 163/4 May Jan 8 Jan 39% Jan Sep 16% May - 523/4 May Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4305 160 NEW YORK STOCK LOW J ;per share SALE $ per share per s/iore 85 ' *83% 84 S per share *83% *83% 10% io%- 10% 10% 10% 10% 10% 10% 13% 13% 13% 13% 13% 14 13% 14% 3G 35% 35% 36 36% 36% 36% 36% 36% *4 4% *4% 4% 4% 4% 39 38% 38% 38% 38% 39 25% 25% 25 25% 25 12% 13 •*.; 105 13% 15'* y 105 >104 105 >104% 22 22% 22% 22 22 20 20%. 20% 21 *20% - ♦104% ; . 15% ■■ 8% 9 9 T 8% 9 8% 9 27% 27 26% 27% *26% 27% £9% 99% 99% 99% *99% 100% ♦100 22% 22% 22% 22"% 22% 23% 23 23 % 22% 49 49% 49% 49% 49% 49% 49% 49% *49% *26% *22 *108 *41% 4i% ;<:*4i% 23% 23% *30 30% *6% > 3,600 400 48% 108% 42% 42V4 42% 42% 42% 42% 23% 24% 24% 24% 23% 24 23% 110% >107% *108 42% 107% 107% 110% 10 36 36 36 36 36 30% *30% 30% *30% 30% 30% 30% 30% 30% 7 %» 7% 7% • *107% 7 7 47 47% 14 14% *13% 13% *60 62 62 *60 62 21% *60 21%; 22% *22% > 22'A 21% 15 15 *101 21% *22 % 22% 15 105 105 14% *101 6% * . *13% ;•>> 60 13% 22% 15% *101 15% 105 22% 20% 21% 105 ♦102 ' '••'V" 51 Jun -w— 103% Apr 25 109 Jun Corp preferred prior 6% 33% 41 *39% ♦39% 40 40 • *6% 6% 6% 6% 4¥a 4% 16% 16% 16% *42 42% 42 42% *16 17% *16 16'A 24% Jan 16% 44 x42% 42% 40 41% 17% *16% 17% 16% 16 y2 42% 43% 43% 17% *16% 6% ; , 16% 17 54% 54% *53 107 54% 14 *106% 48 *46% 47% 46% J *151 107 47% 47% 9 8% 9 8% 154 *150% 153 ♦150% 8% 8% 154 17% 14 13% *106 107 *106% 47 8% 13% 13 % 13% 107 *45 *151 7 '6% 16% *53% *53% *10 10% 10% Gair *16% 10% 9 153' 6% 20 13% 54% *53 13% *106% 47% 6% 6,300 800 54% 13% *106% 107% 47% 2,160 13% 107'A 14 Jan 9 8% 1,300 *150% 153 10 *9% 2,500 9 153 10 10% 10% 9% 6% 6% 1,100 10% 10% 6% 6% 6% 6% 6% 6% 6% 16% 15% 15% 15% 17% 16% ,99 98% 99 98% 99% 99 100 28 27% 27% 27% 28 28 28 28 28 150 148% *147% 150 150 149 149 148% 148% Jan 3R% 27 600 42% 42% 43 113% 113% 99 28 - 150 113% *3% > 42% 113% 3% 3% 134 134 *132 , . *109 130 *109 113 >, *130 130% 60% 129% *51% *12% 12% 8,600 16% 17% 3,000 99% 100% 98 99% 27% 28 37% 42% *113 ■ 3%" 37%. *110 112 *110 112 130% *130 130% 62% 62% 129 62% 129 *50% 12% 52% 12% 12% 61% 34,900 129% 700 12% 21% 22 21 22% 22% 22% 8% 8% 8% 8% 8% 9 8% 8% 8% 8% 8% 8% 1,900 1% *1% 1% 1% 1% 1% 1% :*i% 1% *1% 1% 300 ♦24% 25% 25% 25%' 24% 243A *24% 26 1% 1% 23 % * 23% 17% 17% 78% > 79 24% *28% *112% *23% , 23% 23% 81 23% 78 24% 24% 24% 24% 24% 28% 28% 28% 28% *28% 29 27% *112% 113 ♦112% 24% 24% 24% 28% 28% *112% 113 113 *112% 24 24 24 *102% *102% 104 *112% 86 86 *85% *16 16%, 16 16 *16 *95 98 *95 12% 23% 23% 52 51% 51% 51% 52 1% 1% 1% 1% 3% 3% 4 104% 104% 104% 51% 51% 47% *111% *14% 112 14% 2% 6,800 85% 85i/2 200 16% 16% 16% 16% 16 3A 4,700 98 97% 973A 100 98 *96% 24 23% 52 *50% 600 1 Va 1,400 oobei 3% 3% 1,700 tGoebel 104% 104% 104% 47% 51% 51% 104 47%- 112 112 *111 15 110 47% 15 Va 14% *108 3 A ■?:: 110 3% 3 4% 4% 4% 4% 4% 4% 17% 17% *17% 17% *17% 13% 13% 13% 13% 13% 13% 13% 13% •-.*35% 36% *36% 36% 36% 36% 36% 24% *23% 24% *23% 24% *23% ♦ : *23% 4% 18 50 ♦51 3% 4% ♦17 463A 3,900 No Goodyear Tire & Rubb No $5 convertible preferred—No Gotham Hosiery No ,w 14% 3% 3% 4% 4% > 16 % 16% 16% 16% 16% 16% 16% 16 38% 39% 38% 39% 38% 39% 38% 26% 27 *26% 27 156 *154% 156 154% 156 26% 153 153 *153% 59 *56 59 *56 59 *56 50 *48 '49 48 48 *47% 48 22 21% 22% 11% •> 11% 11% *11% 11% 15 15% 15% 15% 15% 22 22% I ' 5% 5% 5% 160 *156 158% 158% *13 13% 12% *52% 53% 53% 46% 46% 46% 160 13'A 5% 5% 163 164 21% 500 7,800 22 22% 11% 11% 11% 11% 15% 14% 15 14% 143/a 5% *11% 15% 21% 11% 22 22% 15% 5% 5% 53/8 164 13% •164 5% 167 165 . 12% 13% West RR Green (H L) Co Inc Greyhound Corp (The) 5%% preferred Grumman Aircraft Corp Guantanamo Sugar '• 8% preferred Gulf Mobile & Ohio RR- 1,100 i 2,400 4,400 165 V 200 13 6,400 12% 13% 53% 53% 53% 53%; 53% 54 54 53% 53% 1,200 as 46% 46% 47 46% 47 46% 46% 46 46 3/8 3,500 Gulf 13 13 * Corp 5 v 4 3 7 3 8 14% Jan 100 1 No par 10 -1 * 3 3 143 /4 Feb 15 > 57 75 29% Dec Sep 38% July 17 Jan 31% Jun 4% Jun Dec 20 2% Jan 1% Jan 9% Jan 14% 19% Jan 30% July July 3 Jan 9% Jan 33 Jan 3 43 /4 APr 25 29 27 Jun Aug 5 37 Jan 51 Jun 5% 6 Mar 4% Jan 7% Aug Q l/„ Jan 71% j Jun 151 Jan 2% 3 9% Jan 134 28 Jan ■7 Jun 8% May 18% May 98% May 20% Jan 30% - Jan 130% 43% July 1*2 Jan > 39% July 34 Jan 44 Vb July v 113% 134 July 31 </3% Jun 19. 83% 119% : Jan Nov Jan 125% 11/ Nov Sep 3 Dec 1120% July 44% July 12 32% May 148 Aur v 128% July 13 11. 131% Apr 7 Jan 1% 93 July 31 Feb Dec 107 39% July 11 130 Apr 11% Jan 29% July 12 150% July 24, 66 Jan 102 101% July 11 117 Jun 6% 53% 14 7% July 10 134 Oct 14% Apr ; Jun 6% July 20 18% July 10 Nov Dec 107% Sep 137 July 56 July ' .131% May • Nov 39 3 17% Jan 13% July 26 2% Jan 6% July 17 13% Jan 24% May, 4% Jan 52% Aug 23% Jun 9% July 6 2% July 3 8% Jun as Jan 2% May 12% 28% July 10 118% Jun 8 Jan 25% May X104 115 Mar Aug 5 % Jan 2 31 Va Jan 59 25% July 10 15% Jan 23% Mar 19% July 12 9% Jan 2% July 84 Aug 26% Jun 31 , 15 v Sep Jan . Dec 91 Jan 24% 108 19 Jun 15% 60 15% July 15 113% Apr 22 25% Jun 1% 16% 88% Jan 22 Jan Jan Jun f 23% May 113 ?Jan 14% July / Dec , 25% Jun 103% July 11 13% July 10 4% 17 60% Jan 19 5 Jan 7 59 Jan 14% Jan 41 Jan 9% May Jan Jun 17% Jun 90 x99% July 25 July 11 v 1 2% Mar 27. 52 Aug Jan 74 • May 14% Sep 85% Oct j- 22% July Jun 48 1% May 4% May 4 Jan 3% May Aug 4 73% Sep 97% Aug 54% Jun 19 24% Jan Feb 17 83 Jan Jun 19 25% Jan 41% July 112% Jun 26 90% Jan 108% July 4% Jan 9% Jan 101% 116 104 50 15% July 15109% Jun 29 4% Aug 5 80, 45% Sep 102 Oct Apr Dec Jan 2% May 3 Dec 6% 4i ' 5% July Apr 8 Jan 17 5 7% Jan 13% May 37% July 11 29% Feb 37 25% Mar 15; 24 .> Dec 26: 13% Dec 18 18% Jun 16 17 July 19: July 12- 39% July 28 29 Mar 8 156 Aug 2 Feb a 67 21% Jan 23% Nov 138 57% July ,v Sep July ' Apr 32% May 27% Jan Jan 154 Dec Sep 65 Jan Sep Dec 5 31% Jan 50 24% July 15 12% Jan 24 14% Jan 21% Jan 13% July 50'A Jan 16% July 19> 5% July 15 July 13 16% May 17* 167 3 28 4% May 28 51 Apr 29 6% Jan Jun 16 5 May 23 11 Apr 18 No par 3% Apr 3 100# 123 Jan 26 No par May 15% 43 {f 11 19Va Feb 17 H Dec Feb Jun 14 Dec Jan 3 ?«% Jan 24% Jan No par 100 No par preferred Oil 5% 22 9% July 50 23 /2 Jun 28 100 1 Prop—No par 6% pfd—No par Green Bay & 59 *48 Jan Jan Feb Jan 104'A Jan 3 8% Jan 3 100 y4 Jan 25 J3 3 A Jan1 20 15% May 18 9% Feb 8 32% Jan 3 par par Ore Western Sugar Preferred 80 154% Co (W T) preferred— Great Northern Ry Great 900 27 *56 21% 5% 27 5% Great Nor Iron 1,400 13,200 49% 49% *11% *5 27 16 39 59 *56 49% 27% 27% *154% 59 Grant • 12 21 3/j; l 2A 85 V2 40 98 20 Granite City Steel 19% May Jan 9% July 4 36% Feb par par No par No par Grand Union Co 500 7 10 Motors— Granby Consol M S & P 1,200 36% - Graham-Paig"e" 243/8 24% 39% * 4% *23% 36% *23% 16% *48% 344,600 *36% 36% 24% 38% *56 4% 200 36% _——— Preferred 1,800 13% 16% *154% 2,200 13'A 13% 39% 156 300 . 143/8 17'A *17 17% 13% 16% 27'A 111 109% *109 preferred Jan Apr 26 45 - Telegraph Co——100 —No par Goodrich Co 111 14% 109% 18% Jan (B F) 3,700 ,400 Jan x83 j ;, ; 503/4 $5 7% Jan 3 69 Jan 6 11 A Jan 19 --1 Brewing :Co-;- 46 111%, 111% 14% 50 preferred conv (Adoif)— 103%- 50 47% *108 (The)x-—— 110 Jan 14 19% Feb 8 99 Feb 17 No par No par No par No par No par 103% 103% 46% Co Gold & Stock 660 116 105 51% 103% 39% *26% 4%% 51% *1% 17% 4% *17 Gl'dHfm 3.1 "O 1% ♦103% 2% 2% $6 preferred 3% 51% 15 Glmbel Brothers— 1% 52 preferred conv 3% 103% *110 23% $5 ♦104% 104% ♦108 14% 23% 23% Gillette Safety Razor 1% 47% 110 2% 2% 123/4 85% 51% 111% 14% *108 110 *108 V 12% *84% 103% 47% 111% 47 12% 85 % 3 Va 4 47 103% 12% Co 10% 16% 11% July 76 100 » ' 1°° preferred 4%% *1% 1% 3% ♦103% *102% V 3% 1% 103% 10 12% 23% 23% 3% *103 103 y4 General Tire & Rubber 5 155 1% Jan 3 51% Jan 12 Jun 9 22% Jan 20 19 Jan 6 1,600 102% *50% 23% *104% 23 Va *102% *96% 98 23% 51% 23% 16% 16% 104 23% 6% Jan 3 1% Apr 25 19% Apr 5 112 Apr 11 Gen Steel Cast preferred 54 49% July 19% Apr 25 14% Jan 4 6% 12% 87 51% 800 Feb 107% Jan 4 $6 preferred—No par General Telephone Corp— 20 Gen Time Instru Corp No par 1,700 283A *84% 86 *104 23% 24% Jan 1 113 102% 104 *84% * 24 24 12% 12% 113 24% 24% 1,420 / Feb 16 Mar 18 No par General Shoe Corp 400 781/z 78% : 39% 4*% Jan 3 18% Apr 26 —100 —1 No par preferred Realty & Utilities $6 pref opt dlv series General Refractories 4,600 18 Va 18% 12 *51% 23 Va 18% 12% V: 23%' 78 104% 23% 23% 18% 29 98 23% 84% 78 % 12% *94% 700 ~1 13% July ; No par Railway Signal 8% 78 *102% , *81%- 24 *23% Gen 83% Public Service Gen 5 W 13/, 18% 77% *23% 24% 400 % *119 84 83 Gen 53 Jan 14 % 51% Feb 4 125% Jan 28 36% Jan 3 1 10c General Printing Ink 83% 25 17/, 18% 78% 24% 81 24% *119 ~1% 1% - 78 x78 % 113 "i% *18 *18 18 18 *119 *1% 81 *79 81 *78 "l% 1% 25% *25% *119 *119 *119 u Jan Jan 9% 7% July 10 18% May 20 102 par Jun 54% May 19 128 Equip Corp—No par Gen Precision *1% 22 —No Common 4.000 12% Outdoor Adv A 28 18% Jun *115 Jan 11 v 2% Feb 10 J15 Jan 11 No par No par preferred $5 Gen Jan 3% 35 Feb 24 40% Jun 10 10 General Motors Corp 100 53 22% 22 21% 200 60% 13 22 60 Jun 19% Jun July 47% July 18 , 11 140 36 Jun 22 Va 5% July 10 July 5 3 : Jan 7 Jun 21 Apr 28 Jan 24 Feb 8 Jan 3 .• 4% Jan 3 V % Jan 4 81% jan 4 25 y4 Apr 19 100 - 25% 17 1 Jan 10 Va Feb No par General Foods Corp No par $4.50 preferred-5..No par Gen Gas & Electric A No par $6 conv preferred series A-No par General Mills No par 5% preferred —.——100 20 "♦52% preferred 7% 120 129% 62% 129 52% Cigar Inc General Electric Co 3,500 ; 130% *130 preferred cum General 8,400 3% 110 109% 53 12% 22% 61% 129 135 v 133 *130 *130 *132% 7% 390 5 39% 42% July 12 105 41% > 7% 143 6% No pat No par 100 No par General Cable Corp >; Class A 1,200 113% 3% \ 3% 135 53 12% 12% 12% 6 y2 16% *132 129 *50% 53 *50% 3% 6% 16% 130 129 129% *129 53 42% 113% 3% 6% 112 61% 61% 60% 60% 129% 37% 42% *113 135 130% 17% 37% 113% 3% 113 *108 *130 43 42% 3% 134 *132 37% 113% *113 3% *147% 37% 37% 42% 42% 42% *113 149 37% 37% 37% /, General Bronze Corp 109 114 10 16'% July 19 ,4 V2 Jan 3 13y4Feb No par 8 5 No par ? Jan 36% July 11 25Va Feb No par preferred L Gen Amer Transportation General Baking $8 preferred .- Jan Apr 17% Jun 5 51 Jun 30% 4 „ Jun July 7 3 12 V2 Jan 43 Jan 23% July 3 :2% Jan 50% Jan 15% 105 7 2% Jan 19% Jan 97% 23 4 /: Jan Nov 31% 66 % Jun 18 5 $6 98% 19 58% Mar 15 Apr 50 Gen Amer Investors 70 3 7U, *15% , Wood Industries Inc Jan 59 •- Jun 23 49% May 19 ; 11 10% Nov 17% May 2% Jan 5 Jun 81% Jan 160% Jun 3% Jan 10% May 25% Jan 41% May 44 V* Dec 50% July 22% Feb 28% Sep 35 Jun 38 Apr 12 % Jan 18% July 9% Jan ■h\X t'iy H "SW/.• *31% 31 32% ♦109 *104% 18% 14% 18% 14% "109 *7% - *107% 31 • __ 18% 18% 149 *146 8 110 *18% 14% *104% __ 149 *107% 18 % 14% -108 110 8 *31% 31 18% 31 *146 - 31 *18%'. 19 *14% 32% ♦31% . ■ 8% 110 • 33 *31% 33 31 *30 y2 31 18% ♦18% 15 *7% >107% • 8% 109 - *146 r g *105 149 170 18% 800 15 900 108 ♦107% 108 — ♦105 18% 18% 18% *146 149 146 105 1058 ♦105 7% g 109% 31 50 150 18% 146 7% 107 Water 29 preferred class . 10 Hall Printing Co .No par Hamilton Watch Co— .100 H% preferred Hanna (M A) Co $4.25 pfd—No par Harbison-Walk Refrac No par 6% preferred 100 Hat Corp of Amer class A -1 6%% preferred 100 Hackensack 33 18 Va 108 18% 31 *14'A *106 18% *31% 143/4 __ *1043/4 18% 31 183/4 103 104% 33 14% 108 107% 18% .'Jms* *18% 15 107% 149 31 15 104% *146 18% *31% 3,700 10 400 10 7% • 25% July 14% Mar 28 13 29 y2 Jan Ao par No par 1. Co Gaylord Container Corp 5%% conv preferred : 46% 46% i 8% ♦150% Gar Co Apr Jan 25% 31 4 Jan 103 20 (The) Gamewell Gardner-Denver 16% No par 1 preferred 100 6% *53 cl A Jan 30 Va 100 (Robert)—* Inc 610 v 16% 16% Co 6% 300 16% *16% 6% 16% , Apr May 13 38% July 3 70 1 Co (The) Gabriel Co 8,000 16% 6% 14 2,200 4% 4% 16% 54% 6% 6% 4% *16% Trailer Dec 6% 12% July 14 43 26% Jun 109 5V2 May 16 9 44 y4 Jun 11'A May 1 5 53 V2 Jan Jan 18 16 10 preferred 4'/a % 4% 6% 6% *13% Fruehauf 6% 6% 16% 6% 1,000 18% July 11 8% July 5 4 104 Va Jan 13 34% Jan 13 par No par pfd—100 Freeport Sulphur Co 440 4% 16% *16 2,300 ; : 113 4% *16% *53% 39% *112 112% 6% 6% ■ 39% 40% 40 112 6%. 16% 6% *16% 40% 112 112 33% 32% 33% 33 4% 4% *16 " 6% 4% 33% 40% 112 111% "4% *106 33% 33%^, 33% 112% 112% 112% 112 33% 39% 33% 29% Jan 42 50% July 20 4 18% May ' 33% Dec Feb 78% 101% July 12 23% Jun 26 35% Jan par 10 100 1 10 10 25 Francisco Sugar Co * 3 No par F'k'n Simon & Co Inc 7% July 105% July 15 27 Corp Foster-Wheeler 330 1,100 y 8 Corp Machinery f 105 27 preferred conv Food 2,400 15% 15% 15 *102 5% 3 Jan 38% Feb Food Fair Stores Inc 300 60 >7> 22% .22%' 22% '7 15 Steel Follansbee 240 Jan 45 No 200 • 17 No par Co Stove Florshelm Shoe class A 1,500 13% 1 No par Florence 19% Jan 3% July 10 3 5 No Stores Nov Jan 13 5 Jan 25 (The) Co July $2.50 preferred $4.50 Mar May 11% 18% 2 10 93 100 300 47 60 21% Flintkote , 42 28 6% 4 Aug 28 y2 Nov Nov 86 23 Jun 21 22% Jan —— 700 >; 7 *13% ;; 61 21 7 47 7 47 47 ■ 22 21% 48 47% > National First 4,500 Corp Aug 24 Nov Nov 21 24 26 5 preferred 4%% 600 23% ... *35% 110% 14% 105 48% 108 % 47% 47% 46 22% *15% :. 16 Fidel Phen Fire Ins N Y 17% Feb 105 78 - 8% 30% 21 Apr 24 Jan 4 17 No par 100 % 26% July 17 14% Jan 17 9% Jan 3 14% Jan 18 100 Jan 21 19 V2 Apr Firestone Tire & Rubber 36 46 *22% *101 1,300 108% *14 21% 2,200 49% 48% 14% 21% 22% 108% 62 *60 22 ^ Dept Stores preferred 41% Jun 18 No par conv Enamel 3% July 20 19 4% July 14 3 21 Va Apr 5 49% *35% 7% 7 *14 4%% '107% *30% 46 *45% Federated 110% 36 36 33'A Jan 20 2 150 36% *107% 110% *35% par'■ No par Federal Motor Truck Ferro Jan 25 Mln & Smelt Co 26% > 29% Mar 2% Jan 15 Light & Traction $6 preferred 100% 48% 24% *107% 23 Jun Nov 37% Jun Federal 100% 49% Jun 14% 3 Farnsworth Televis'n & Rad Corp_l 5,400 26% 27% 100% *42% 42% 23% 100 9% Jan 21% Jan No 400 108% 49 48% 108 108% 108 % 101 Jan 5% 15% Jun 2.50 & Co :' 9% 8% ; 9% Jan 3% 18 Fajardo Sug Co of Pr Rico Federal 68 Va 19 Federal-Mogul Corp - July 31 84 15 6% Apr 9% Apr 5 Highest I per share 11% July 14 29 78% Feb 5 Corp Fairbanks Morse Lowest $ per share share >' 50 Cleaner Co 1,000 20% t per 3 Vacuum Products Exchange Buffet Corp 30 500 22% 20% 21%. 108% 49 48% 49 49 *107% 27% *26% 7,400 i; 1,200 105. 105 22% ' *8% ;> 9 2,500 13 15% 105 22% 20 12% 15% *15% 19% > 13 12% 15% 13% *15% "15% 22 *104% 19% Ex-Cell-O ,300 25% 15% 22% • Evans Year 1948 Highest 8 per share Par Erie & Pitts RR Co Eureka 39 25% 13% 105 • 900 39% 25% 15% *19 * 4% 39 13 *21% 4% 25% 15% *104 36% 39% 13 *12% 36% 40 4,100 2,000 ' 13% Lowest .- 5,300 10% 13% - * ' 85 10% , *39 > ' 25% .,..'15% 85 25% >39 *25% 4 4 4% *4 85 Range since January 1 STOCK EXCHANGE Shares share per *83% 84 13% v *35 % S S per share 10% 10% •13 Range for Previous STOCKS NEW YORK the Week Aug. 4 Aug. 3 for Sales Friday Thursday 84 *83% RECORD PRICES Wednesday Aug. 2 Aug. 1 July 31 July 29 9 HIGH Tuesday Monday Saturday AND 541 Apr 4 28% Jun 26 15% Mar 13 liy4 Apr 26 33 38 19% July 14 16% July 3 111 106 Apr 11 102 Jun 14 105 15% Apr 24 6 150 138 Jan 5% Jan 14 104% Jan 5 July 17 May 5 21 July 24 July 25., July 10 Jun 8 8% Jun 27 110 104% Mar July 12 13% 135 15% Jun 110 Va July Jan 18% July F*b 144% May 4Vi Jan 7% May Jan 109% Oct 86 v Monday, August 7, 1944 CHRONICLE COMMERCIAL & FINANCIAL THE 542 RECORD NEW YORK STOCK Range for Previous STOCKS AND HIGH SALE PRICES LOW 8% 8% 7% 7% 8 105% 105% 105 21% *21 21% *21 21% *21 73% /, 72% *164 72% *71% 73% *71% 166 •164 22.% 84 84 133 84% *131 133 *70 73 *70 123 *120 123 *24 25 24 *22% 23 *22% *44% 45 44% 22% 83% 83% 83% •y 24 1.200 20 131 *70 71 *70 71 *120 123 *120 123 24% ♦22% 23 *22% 23 • 44% 44% --- ' 25 23% *23% 23 *22% 44% 44% *22% 45 16% 1.700 16% *16 16% 16 16% 16% 16% 17% 17 17 3.000 16% 16% 16% 16% 16% 1,100 Holly Sugar Corp •115 44% 44% 44% 45% 43 43% 43% *42 69 *68% ♦110% 113 68% 11% 11% i: 36% ;: ♦36 15% 67% 68 67% 68 11% 11% 11% 10% 11% 36% 36% 36 % 36% 36% 36 36 10% 10 10% 10% 10 10% *9% 25% 25% 25% 24% 25% 15% 14% 15"% 25.700 3% 3% 3% 4% 102.300 28% 28% 28% 28% •28% 17% 17% 17% 28% 17% 28% 17% 28% 17% 28% 17% 28% 17% 16% 17% 39% 39% *39% 40% 40 41 40 40 38% 39% 1.000 6,000 1,200 60% £60% *60% 61 60 61 61 60% 61 15% 15% 15% 15% 15% 15 15% V 15% 15% *103% 99% *98% 99% 104 100% 84%; 11 10% 8% 84% 84% 11% X0% 11% 7% 7% 7% 9'% 9% 9% 9% 9% *173% 175 76 76 175 175 2% 16% 2% 16% 16% 5% 30 18% 18% 83 % 82% 82% 82% 83 10% 10% 10"% 11 10% 10% 84 % 87 87 89 87 87 44%, 44% ,*44% 45 39% *39% I 74% 128 18% 19% 19 19 A' 19% *18 18% *17% 18 *43% 18% 44 109% 112 * > 70 ♦69% 70 70 12% 12% *12% • •-T • - , ' . *19% 19% 19% 18% 19% 19% 19"% 18% 18Va ! 18 17% 39 " 17% 41 34 40 6'A 97% ■ ' *109% 111% *69% 70% 70%; 70% 70% 1 ____ 70% 70 3/4 823/4 82% 821/4 ' 24% 8,100 82% . 1,600 . 700 - *12% 13 13 12% 12% 12% 20% *19% *19% 20% *121 20% *19% *121 , 10% 10% 34 34 *16 10% 22% 223/4 18% 18 21 21% 21 21 IO3/8 *22% 221/2 *114 18 114% 32% 32 32% *53A 23 18% 114% *39% V, 31% 900 123A *53/4 6 40 32% 20 3A *22% 17% *114 313A , 23 223/4 23 23 23 40 39% 41% 5% 5% *53/4 6% 1,000 21% 22% 18 18% 32 : 3,000 18% *114 800 . 500 ; 1,800 114"% 31% 223/4 22 3A *39% 400 41% *5% 900 100 6 280 68% 68% 68 V2 >68% 68% 69 69 68% 68% *68 68% 25 25% 25 25 25Va 25% 25 25% 251% 25% *25 251/4 *9% 10 *9% 10 9'/2 9% *9% 10 *91/4 10 *9 9% 100 900 .800 * 34% 34% 34% 34% 36% 36% 36% *36% 10 34% *36 Joy ! Mfg Co Jun Jun 4 28% July 6 22% Jan 29% Mar 4 16% July 27 4% Jan 11% July U Jan 2% May 4 % Aug 7 Jan 16% May 26 67% Jun 5 18% Jan 31% May 37 Jan 48 16% July 11 18% Aug 4 4 Jan 11% 42% July 12 32% NOV 8 19% July 10 Jun 164 6 158% 5 Jun 44% Jun 3 100% 168 Apr 62 July 20 12% July 5 Jan 6% 15% Jan 21% Jan 8% Mar 106 Jan 115 Mar 6 Nov 9 Mar 6 Jan 9% 4 144% Jan 20 56% Jan 175% Aug 79% Jun 162 175% July 11 3% July 4 78 177 % Jan Jun July 4% May 30 11% Jan 19 Mar 55% Jan 81 July 3% Jan 6% May 36% Apr 6 % Jun 28 5 25 Nov July 11 Aug 3 129 Dec 20 85 July 18" 32% July 135 45% Jan Dec 69% Dec •11%, Jun' Jan 37% 45% July 11 39 28 71% July July 39% July 28 Jan July .78 36 6 44 Apr 38% July Jan 22 102% 2 6% Jan 20 % Aug 3 60 Jan 19% Aug Jun 127 6% 18% Sep 18 Jun 27% Jan 32% Apr Jan 145% Jun 135 9% 26 5 15 100 Jun 19 16% May Jan Jan 16 Feb Jan May 25 Jan 16% July Feb 34 99-% Mar 10 70 . 8 95 78 Aug 3 27% July 10 19% Jan Jan 5 70% Aug 54 66% Jan 4 87 10% Jan 14 Noy 64% Dpc 4 July 10 8'A 5 Jan July 109% Aug 92% Sep Jan 20% Jan .13% July July 16% May 9% Mar 15 July Dec > 115 • '10% July 10. 19'A July 17 45 July 27 ■20 % 141 July -.14% Jan 3% Jun 20 92 138 8% Jan 12% Jun 21 18% Jun 3 Sep 74% Jan 5' Apr 177 July 20 18% Jun 37 May July 3 8% July 110 58 Apr 8% July 38 % 10% July 10 114% Mar 13 Apr 22 90 Apr July 78% July 9% Nov 7 40% July 17 107% Jan 21 84% Feb May 19% July 86% NOV 86 % Jan 3 Jan 13 Jan 3 Apr 19 Jan 3 Feb 7 Feb 11 Feb 3 Jan 4 Jan 13 Jan 13 Jan 3 Feb 3 Jan 12 Jan 12 Apr 19 15 Jan 4 29 Jan 6 138% Jan 17 27 May 13 • Jan 104% July 26 104 % July 12 154"% Feb 29 67% Apr 25 165% Jan 28 13% Jan " 4 29% July 44 6% Jan 27 —100 ——1 *9% 10% 341/2: 34% 34% 34% 34% 34% 341/4 36% 36% 36% 36 36% 35% 36 2,200 10% *9% 10% 10 10 50 87 86 86 84 86 180 16% Apr 27 10 Kalamazoo Stove & Furn 3 4 19 17 Jan 4 20 Jan 25 13% Jan B 111 pt pfd A Dec 39% Mar 11 13% Feb Jan 121 14% Mar 28 19% Jan 1 No par No par Keystone Steel & Wire Co—No par Kimberly-Clark Corp No par Kinney (G R) Co ;—: i.1 $5 prior preferred— No par Kresge (S S) Co 10 Kresge Dept Stores -1 Kress (S H) & Co No par Kroger Grocery & Bak No par Class xl2% 5. Feb 25 15 6% Jan 5 _1 (Julius) & Co__ Kelsey Hayes Wh'l conv cl A Kayser 21% July 124 120% Jun B—-No par Kansas City Southern No par 4% non-cum preferred— 100 Kaufmann.Dept Stores 1 City P & L of ser Kendall Co $6 13,200 32 ' *67% 2% 10% 29% Apr 27 r pref series B conv 5% Kan • 17 20% 114% ~~9% 33 20% 40 . 6% 9% 33 16% 100 . , *16 34%/: ■ 20% *121 10 9% 23 *22% ,23 40% 23 *114 18% 114% 32 21 *19% 20% — *33 17 40 Jan Jan Feb 25 Jan Apr % 4% : 79 Aug 26% Apr 65 Apr ..82 Apr ■; 12% Jun K *16 *22% 2% Jun 28 10% Jun 5 Nov 9% July .* •114 ; 12 41% .3 17 '• 11 Jan 68% 30% Jan 109% Jan 27 6% Jan 3 ■. >. Mar 8 July July 57% July 114 July Jan 105 13% July 9% May 11 7% Jan 28 Jewel Tea Co IncL " 44 July 18 70% July 11 Mar Sep 17 69 % July 10 71% Feb 1 11 Co (W B) 45 Jan 37% July 10 158 ■ 1,800 , 24% 70% 83 111% Jar vis Jan 9% 113 io% Jan 3 25'A Jan 3 46 Jan 4 8 Jan 4 15% Apr 25 35% Apr 14 100 Jun 8 88% Jan 3 1 No par 4%% preferred 100 Johns Manville Corp_, No par Joliet & Chicago RR stamped__100 Jones & Laughlln Steel No par 5 % pref series A__ 100 , *99 _ 25% 83 , "v'' 97% 97 97% 97% *99 34 17% 18 114% 22% < '. *109% *16 22% *5% 111% r 36% 21 24 No par Island Creek Coal $6 preferred 17 59% Aug 3% Jan Int Hydro-Elec Sys class A. 25 1% International Min & Chem__, 5 15% 4% preferred— .-100 65 International Mining Corp 1 4% Int Nickel of Canada— No par 25% Preferred —————————100 130 International Paper Co— —15. 13% ;■ ■ $% conv.preferred—-100 A 66 Inter Rys of Cent Am——-No par" ' 7% > 5% preferred , 100 68% International Salt ^—No par 39% International Shoe -A— -No par 35% International Silver—v- -—50 - 56% ,7% preferred x. —100 117 Intern'l Telep & Teleg —No par a 11% ■■ Foreign share ctfs No par 11% Interstate Dept Stores... No par ■ 15 1,300 500 34 *32 23 40 17% 247/s 10% ♦22 223/4 16% 34 34 21 321/4 17% 33% ,17 10 . ,, 21 31% 17% *33% 97 *121 *20% *173/4 17% 33% *109% -20 Leased lines 4% 100 RR See ctfs series A 1000 Indianapolis Power & Lt No par Industrial Rayon No par $4.50 preferred A -No par Ingersoll-Rand No par 6 % 'preferred—————100 Inland Steel Co No par Inspiration Cons Copper 20 Insuranshar^s Ctfs Inc1 Interchemical Corp No par 6% preferred .—100 Intercont'l Rubber No par Interlake Iron No par Int Business Machines. No par International Harvester No par Preferred , —— —100 Intertype Corp Jun Jun 30 1% Jan —-luu 100 2,400 17% ; '800 300 40 33% r- 15,700 • 42% 18 Jan 6 ' *141 *16 17 ♦114 40 39 *141 — *32 10 *9% ♦16 *17% 18 25% - — ■ 18% 25 \ » 99,200 19% 20% *99 / i 19% " 83% 600 :{ ' 18% 25% 82% 74% 128;. 19% 96%. *12% *121 -V. *32 74% *115% 74% 128 630 200 1,700 39% Jan . 45 7% Feb 100 — Illinois Central RR Co > 6% preferred series A J • *121 741/2 •115% 19% 40% 111% * •» ; . - 13 •n 24% 82% 82% 82% ♦81 75 39% 39% 39% 128 39% A 45 19% 17% 24% 2,300 10% 84% *44% *141 v; 96% 24% 10 83% 45 18% *99 *99 24% 24% 10% 86 *44% 19% 33% >96 96 96 *95 *99 *10% *84 % 45 3,200 19% 42% *109% 112 109 % 10% *17% 33% 33% A33% 34 81% 19% 83 18% - *33% 83 " 18 *17%: 17% *16% • 17% 17% —_ 83 18% 20 5% 29% 133 *131 87 75 18%e; *141 * 29% , * *.. ■ 19% 42% 43% 42% *141 18% 83 ♦115% 18% *17% 30 133 200 2,000 14,500 100 42,100 76 5% 5% 5% 29% •131 19% 39% 1 v- 18% : 18 *17% *141 • 76 10% 128 19 19% 18% 77 5% *44%: 18% 19% 19 ■ *115% 77 87 \ 75 *74 75 128 16% 1,900 1,600 J.6% 30 82%: 39% 39% 39%' 39% *115% 76% *74% :' ; ' 500 2% 16% 132 300 740 1,100 19,500 700 5,000 2% 3 J.6% , ___ 174% 174% 174% 2% 16% 19% : *173 77 78 77 132 19% 176 77% 77% 29% : 132 132 *82 % *115% 175% 77% 5% 5% 5% . 29% 29% 133 18'A i 175% 112 *175 175 *75 77 *75 77 18% 45% 9% 16%; *18 *44% 9% 3 • V 9% 111% 175 2% 29% 9% 2% 16% *132 133 9% 174% 2% *5% 5% 29% 29% 7% 77% 2% *75 77 7% 7% 175 16% 2% 16% . 111% 7% 174% 175 175 •.•v.' ' 39 111% 7% 77% 174% 76 76% 76 /; 175 175 175 *38 7% 9% 7% • 8% *8 38% 38% 39% 2,200 3,300 10% 8% *8 112 alll% alll% 111% 7% .*5% •39 39% *38% 85% 10% 85 11% 8% 8% _— — 85% 84% 11% *8 200 600 101 *161 85 111% alll% 175 xl00% — *8 84% *38% >39% 39 113 100% 100% •161 [w; 11 o. 39 104% 8% ' *8 38% *104 11% 84% 84 84% 10% 100% *161 : 660 1,900 300 18% 18 18 39% '340 104% *104 104% *99 100% *99 17% 39 % 39% 104% *161 *161 *161 15% 18 17% *39% 104'A •103% 104 104% 17% *39 39% *39 39% 17% 17% 17% 40 *60% Idaho Power CO— Apr Aug 31 May 30% Feb —100 17% July 17 42 Jan Hupp Motor Car Corp 40% July 12% 47% July 13 4 15% 3% Jan Jan 117 4 Feb Manhattan 21% May 25% July Sep Jan Co.—No par 25 5 Jan Jun 39 63 Jan 28% 17% July 10 117 Apr 3 54 non-cum 14% 16% 115 13 23 108 Jun 7 Feb 13% Jan Dec 136% Aug 3 13% Jan 1% Jan 15% 3% Aug 116 1 15% 118 17% Aug 8% Feb 3% • 4 22% Mar 16% Jan July 23% July 11 45% July 14 10 No par 3% 100 122 No par 15% • July 20 24% July 27 27 2 Hudson Motor Car 600 3% r & July • Apr 19% Feb 20% Jan 21 preferred Hud Bay Min & Sm Ltd 5% 71 114 12.800 10 24% Hudson Jan No par 10 1 10 * * 10 • 400 2% 49 Mar 10 68 Oil of Texas v t c 1.700 36% *2 2% *2 5 3 100 Howe Sound Co 16 y« 17% 40 *132 2% *2 2% Dec Jan preferred Houston Light & Power Houston 128 63 No par Household Finance 5% 87 134 No par Class B 9.100 3% ... 15% 17% *75 500 68 11% Houdaille-Hershey cl A 40 .' 25% 39% 9 600 $8% 112 112 68 & *2 * 61 *7% 68% 68% ' *8 68 112 25% 17% 38% 17 68% *110% 25% *28% / 28% *111% 16% 69 112 15% 3% *15 17% 17 *68% *110% 11% 2 Homestake Mining 3,000 25% 15% 3% 39% 400 16% 11% 36 *10 25% *60% 43% 16% <; 25% 17% *42% *67% 36 A 44% 42% 16% 110% 110% 2 10% *10 45% 42% 11% 11% 2 2 44% 43% 68% *68 *67% 45% preferred 7 % — . 3.000 • 45 69 69 69 113 ' *42% 43% 16% 16% 16% 16% 16% *68 % *110% -' 44% 45 45 43 •115 *115 Jan 18 36% Mar Aug 29% 73 Jan 13% Jan 7l" Apr* 172 Jan Jan 128 5 No par 100 12.50 No par Hollander & Sons (A). 16% *115 ♦115 *115 The Holland Furnace (Del)— (C E) Jan- 12% 22% July 10 89 Jun 19 No par Hlnde & Dauch Paper Co 110% July 152 July 13 165 100 Hershey Chocolate $4 conv preferred 3% May Jan 56% " 75% Feb 25 6 Mar 11 21% July 18 75 Apr 24 No par preferred 16% 16% 16% ♦16% 16% *16% Motors Hires Co ' *16 200 23 44% 45% 45% 6% 63% Jan .10% May ; 1% Jan 22% July 10 20% July 24 160 No par Hercules Powder 73 23% 1 preferred Dec 6 93% May 24 108 Highest I per share $ per share , 9%Jun 29 8 Aug 2 28 Mar 13 99 25 15 25 100 _ W) 83% 123 23% (G non-cum 83 *70 *23% Co Co. 1% 1.600 *120 *23% 23 Helme 22% 1-31 133 *130 Hecht 300 . ^ Hercules 73 *120 44% 133 *131 V V, 22 22% 83% 300 72 123 *70 C 73 *120 23 380 166 2% Jan MIg Corp Glass $ per share 6% Apr 28 1 Hayes Industries Inc Hayes Hazel-Atlas 21 72 *164 73% 166 1700 . 83.000 105% *20% 21 ♦71% *164 22% 133 *131 105% 105% 84 83% *22% 22% *83% 8% 7% 22% 22% *131 *22 'A 8% 6% 21 73% 166 *164 16 6 *164 166 8% 7% 105% 105% 21% 21% *72 *8% 7% 8% 7% 105 105 105 share 8% 7% 6% 6 7'8 t per share Par Shares $ p*r share $ per share share X per Year 1943 Lowest Lowest EXCHANGE the Week Aug. 4 Aug. 3 8% *8 8 % 105 $ per $ per share I per share 6 "a Aug. 1 Aug. Range since January 1 Highest STOCK NEW YORK Sales for Friday Thursday Wednesday July 31 July 2<J *8 Tuesday - Monday Saturday 26 May 18 17% July 23 19% Jun J.15 May 19% 127 Sep Aug Jan 10% Apr Dec 19 29% Apr Jan 17 Sep 11% Jan 17 Sep 29 14% Jan 24% May 29 8"% Jan 16% May 7% 6 July 14 24% Jun 5% ,, 102 8 Jan 113 Apr 29% Jun 9 34 July 12 28% Jan 35% 19 % Jan Kennecott Copper 7 23% July 11 15% Jan 20% July 25 Jan 34 31% Mar 4 40% July 31 7% July . 7f Feb 17 54% Jan 28 70% Jun 25% July 12 3 2 Feb 11 6% Jan 27% Jan 25 4 35% July 11- 31% Jan 4 36% July 22 22 10 July 13 17A • Apr July Jan •6% July ,34% Jan 58% July • . 18% Jan 24% Sep 2% Jan 10% Apr 23% Jan 32% Sep 24% Feb 32% Nov 9% Jan E *9% 85% ♦84 29% 29% ♦84 10 85 29% 29% 23 84% 23 29% 84% 85% 29% 29% 29% 29% 29% 29% 29% 1,700 <300 *21% 23 24 *22% 24 24 24 24% 241/4 *42% 43% *42 43% 43% 43% *43%- 42% 41% 421% 10 10% 10 10%" 10% 43% 10 % 41% 10% 9% 10% 9% *28% 28% 28% 29 121% 121% 10 6 '5% 1% 1% 26% 26 34% 34% 21% ♦21 *120 5% 1% 26 29% *120% 5% 5% *1% 34% 21 40% 40% 51% 51% 51% 8% 8% 8% 8% *43% 45 *43% 81 *81 81% 81 82% 80% *82 82% 82 178 30% *30 39% 39% 33% 39% 1% 26% 34% 51% *81% 2 27 26 21 51 178 28% 121% 5% 40% 40% 45'A 1% 26 28% 121 % 21% 40% ♦44 5% - 34% 34% •21 40% 8% 122 *22% 178 ♦29 38% *39 178 31% , 177% *29 35% *21 • 29% 121 5% 2 26% 35% 21% 29 29 28% 120% 120% *119% 5% 5% 5% 500 10 9,600 28% 1,800 90 121 2,400 5% 1% 1% 1% 1% 2,000 25% 26% 25% 26 Vs 5,800 35% 21 35% 21 41 35% 1,700 35% 21% 200 40% 41% 1,900 51% <51% 2,200 8% 13,400 *21 40% 40% 40% 51% 51% 51 % *51% 51% 8% 8% 8% 8% 81/4 43% 43% 43% 43% 43% 43»A 81% ♦80% 81% *80% 81% 44 * 81 82% 177% 31% ♦80% 82 178% *29 82 178% 31% 39% 29% 39 % 39% 39% 39% 39% 39% 39% 391/2 82% 179 *29 39% x39 83 179 31% 40 39% 8 83 177% 83 300 700 1,100 - 178% , 370 5% 31% 38 39% 2,000 40% 600 100 No par Lane Bryant No par Lee Rubber & Tire 5 Lehigh Coal & Navigation Co 10 Lehigh Portland Cement 25 4 % conv preferred 100 footnotes see page 547. 26 (The) No par 50 1 Lehn & Fink Prod Corp 5 Lerner Stores Corp No par Libbey Owens Ford Glass—No par Libby McNeill & Libby 7 Life Savers Corp 9 Liggett & Myers Tobacco 25 Coal preferred Lehman Corp (The) Lima Locomotive Belt Co . Wks 4 4 5 36% Feb 14 42 Jan 3 6% Apr 24 13 Jan 17 May 31 35 Jan 73 Oct 30 July 12 17% Jan 29% Jun 24% July 12 11% Jan 19% Jun 44% Jun 26% Jan 39% 8% Dec 9 Dec Jan 29 July 120 July 10% July 31 July 26 5 5 6 107% Jan 2% Jan 2% Jun 28 % 36 No par 1 U Jan 30 July 19 July 11 Oct 8% May 2% 11% Jan 20% 24 Jan 32 Jun Jun July 14% Jan 22% Jun 23% Jan 38% Dec July 15 31 Jan 43 % 8% July 20 5 Jan 8% 48% Jun 27 30 Jan 62 Dec 21% Jun 21 x43 53 % July 3 8 83% Jun 27 13 86% Jun 26 8 181% Jun 27 26% Feb 3 36 Apr 25 37 Jan 6 No par No par 20 7% Mar 21 125% July 67% Jan 174 % Jan 3 16% May 104 Jan 68 % Jan 39 25 100 Preferred Link 15% Feb 29% Jan 18% Jan conv Series B Apr 24 Jan 3 Apr 26 Jan 7 Jan 3 l%Jan 29 8 21 113 4% Lehigh Valley 6% Apr 17 17% Jan 19 38 50 Lehigh Valley RR 1 For 9% Jun 3 62 Jan 14 100 Co preferred Lambert Co Lily Tulip Cup Corp *29 *38% Laclede Gas Lt 62% Nov 171 Dec 41 71 Dec Jun July July 73% Jun 182 % Aug 31% July 10 22% Jan 28% May 43 % Mar 16 24 Jan 44 May 34% Jan 43 July 42% Jun 27 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4305 .Volume 160 NEW YORK STOCK HIGH LOW AND • Tuesday Monday Saturday Friday Aug. 2 S per share $ per share Aug. 3 t per share Sales for the Week EXCHANGE 20% 20% 20 20% *20% 20% 20% 20% 20 20% 19% 19% 26 % 26% 26% *26% 263/4 263/4 27 26% 26% 26 26% 17% 173/4 17% 17 3/4 17% 17% 173/a 173/4 17% 17% 17%' 17% 64% s 65 % 65% 65% 65 65%! 65 65'/a 64 64% 64% 31 50% 50% 50 50% 50% 50% 50 50 % 49 % '491/4 " 1,500 ,* 10'/a 10% 10% 10% 10% 10% 10% 10 5/a 10% 10% 10% 10% *30% 31% 32 31% 31% 313/4 32 32 32 32 2,100 2,800 Long Bell*Lumber A 32 19% 19% 19% 19% 19% 19% 19% 19% 197/a •161 % *31 19% 161% 161% 161% 161 % 161% 23% 23% *23 23% *23 233% •88 90 *88 90 *88 *29% 29% *29% 29% *29% i' *160% *160% 24 23% 89 > 161% *88 161% - 800 w. *> Loose-Wiles Biscuit 1.300 100 Louisville & Nashville 190 24% 24% 24% i"': 89 88 88 ' 29% 29% r > ■ ;—No.par No par .-No par *_25 Lorillard (P) Co -7% preferred Louisville Gas & El A 4,500 162% ' *29% - . - *88 24 89 V 197/8 "19% 161% v —1 t 8% Jan Jan 28 17% Apr 10 100 No par 151 Jan 20% Jan 100 t 12% Highest S per share Jan 29 11 15'/a Jan 21% July 21% Jun 18'A 68% 52 % 12 24 10 10 21 12 Va Nov 25% Mar 42% Jan July Feb July July 3 ' Mar 3 32 July 29 20% July 5 162% Aug 12 24% July 69% Jan 1 $ per share 22% May 17 19% Jan. 13 14% Jun 7 58 May 1 40% Feb 24 No par Liquid Carbonic Corp Lockheed Aircraft Corp Loew's Inc Lone Star Cement Corp 4 18% Feb Jo par Lion Oil Refining Co 700 6,900 Year 1943 Lowest $ per share $ per share Par 1.700 v. 50% *65 * >>■ Shares S per share *253/4 ■ ; Range since January 1 Lowest Highest NEW YORK STOCK Aug. 4 Thursday Aug. 1 $ per shore $ per share Range for Previous STOCKS Wednesday July 31 July 29 RECORD PRICES SALE 543 6% Nov 18 % Jan 31 Oct 16% Oct 21% Jun 148 % Jan 27 13 4 14 15% 11% May 163% July 22% July Jan 59% 90% Mar 17 3 64% July 51% Jan 37% Jan Jan 79 July ■ M *136 *136 *136 29% 29% 29% . *136 v 41 42% 41% 41% 41% 36 36% 36% 36% x26% 27% 27% 27% *106% 107% 105% 106% 41% 27% 41% 108 16 , ' 16 16 16% 16 *16 16% 16% *16 105 105 16% *15% 16% 16% 16% 16% 16% "41% 41% 11% 27% 27% 273/s 104% 42% 1043/4 104% , 16% v , 104% '■%_ 16 ^ 400 *350 8% 8% •350 400 *350 8% 400 8% 8% *350 8% 400 *350 8% 8% *350 400 • 12% *12% 13 13 13 13 12% 123/4 22% *21% 22% 21% 22% 22% 22''4 22 22 3% *3% 3% *3% 3% 3% 3% *3% ' *12% *3% 8 7% 7% 7% 7% 7% 7% 7% $ 17% 17% 17% 17% 17% 17% 17% 18% 18 18%; 17% 16% 17 17 17 17 17 17% 16% 17 16% 17 18% 18% 18% 18% 18% 18% 18% 18% 18% 18% 18% 18% 8% 8% 8% 9% 9% 9% 9% 8% 83/4 9% 43% 44% *27% 28% 45 21% 21% 58% *57% 9% 9% 9% ' *40 *40 41% 27 *29% 17% *52% ' *12% 16% 52% 13 11 *86% *17 52% 24% 24 103% 103 12% 12% 11% 11% 95. 36 *35% 36 *35 13 13 13% 48 48 *35% *7 353/4 36 13% 14% 13% 13% 47% 48 48 48 *32% 33 33 33% 34% 33% 33% 7% 7% 7% 7% 26% 26% 26% 26% *34% 35% *35 36 128% 128% 128% 129 129 52% 51% 51% 51% 51% 51 % 40 40 39% 40% 39% 39% 108% 108% *108 *110% 112 108% 108% 112 *110% 108% ♦108 7% 25% 36 35 129 * 50 % 112 112 *108 108 3/a ♦105 *20% 21 ♦103 106 21 21% 106 20% *35 % f 22% 3% 13% 14% 36 *35% 36 3% 3% 3% 14% 13% 22% 22% 83 116% *115% 353/4 35% *223/8 22% *116 :• 117% *116 113% •111% 47% 47% 47% 39% *38% 28% 48% 47% 39% *39 39% 28 28% 28 28% 21% 21% 21% 47% 500 , 900 .. *116% 117% *116% 113% *111% 48 47 47% 39% A *39 *100' 39% 39 39 28% 27% 28% 27% 273/4 213/s 21% 21 21 21% 21% 21 213/4 20% 20% 20% 20% 20% 20% 20% 20% 20% 20 3/a 20% 20% 31% 31% 31% *31% 31% 31% 31% 31% 313/« 31 31% 8% 9% 8% 9 8% 8% 8% 8% 89% *88 89% *23% 23% 23 90 A *89% *23 23% 8% 9% 9 90 23% *89 23% *88 *113% *75% 115 76% *75% 76% 113% 76% 113% 113% 113% 12% 12% 121/4 12% 12% 12% *49% 50% 50% 50% 50% 50% 3/4 % % 3/4 *% % *75 *113% 12% *49 . S% Mueller Brass 40 i 90 90 90 23% 23% 23 23 600 115 76% *75 77% 200 Murphy Co (G.C) 4%% preferred *113% 12% 12% 51% —No par No par No par — -100 Munsingwear Inc 76% 76% B preferred-. $7 9.200 * 50% *49 '• - Murray Corp of 300 123/4 12% 12% 50 3/4 *49 30 114 *113% 115 1 —-1 Co Mullins Mfg Co class 11.300 • -—5 Wheel Corp Motor 1.300 ; Myers (F E) America 111 *3/4 % . % % % % 1.000 . ' 15% 18% 315/a 15% 15% 153/4 15% 15% 15% 16% 15% *35% 36 31,600 140 35% 36% 363/4 37 36% 36% 18% 183/4 18'3/4 183/4 193/a 19 19% 19 19% 19 19 3.400 115/a 11% 11% 113/4 113/4 11% 11% 115/a 11% 11% 113/4 4,200 *35 353/4 *35 15% 353/4 15% 153/8 - 12 12 12% 11% 11% 11% 11% 11% 11.3/4 11% 11% 12 113/8 12 11 s/a 11% 22% 22% 22% 22 s/a 22% 22% 22% 223/4 22 % 223/4 22% 22%; 12% 12% 11 % 12% 12 12% 12% 12% 2.700 , . *19% *1723/4 176 ■ 19% 19 % 19% •1723/4 176 14 14% 133/4 313/4 31% 31% 21% 19% 19% *1723/4 *19 176 :• *172% 20 19 • 14 133/4 14 13% 133/4 13% 31% 31% 31% 31% 315/a 31% 213/4 21% 21 300 , 21% 21% 21% 213/4 213/a 12% 12% 12% 12% 12% 12% Xl2% 123/4 3 2s/a 123/4 12% 23% 23% 23 233/4 23 3/a 23% 23% 233/4 22% 17% 17% 17% 17% 11% 17% 18 19% 19% 20 12 12 12 21% 1.600 . .. National Can Corp Register-.: National Container-— National Cylinder Gas Co ' *11% *11% 12 ' 34% 34 3/8 30 30 13% . ■ 13 3/a 23% 23% 233/e *147% 150 34% 34% 30% 30% 133/a 133/a 13% *97 97% 23% 23% 23% 176 176 176 34% 98 *97 98 *97 *175% 12 *11% 12 30% 34% *30 13% / *147% 177 177 150 147% 147% *11% 34% *31 13% 97% 233/a 176 *147% 34% 34% 31 133/a- 13 97% 97 23% 223/4 22 s/a *175 5/a 177 ♦175 s/a 177 150 *147% 148 147% 148 ' *183/4 19% 20% 32% 63/8 6 3/a *6534 66% *18% 183/4 21 *20% f < 183/4 18% 18 3/4 21 *20 3/8 21 *20% 20% *20% *32% < / 33 *32% 32% *32% 33% 32 3/a 323/4 6% 6 3/a 6% 66 66 % 66 63/4 6% 6% 6 3% 66% 6% 66% 66% 66% 300 . * 140 , 33 19 . ; 300 , ion 500 * 14,300 6% 6 3/a 653/4'. 65% 66 3/a 153/a 15% 15% 15% 16 153/4 16 15% 15%. 15 28% 28% 28% 28% 28% 28 28% 27 5/a 27 s/a 27% 273/a 873/4 873/4 873/4 87% 88 87% *91% / 10% 103/s 16 3/a 163/4 10% 10% 10% *28% 293/4 101 % *100 64 *59 • *91 92 92 93 873/4 88 88 17 *28% ■'/ 30 101% *100 64 C'*/ *59 107% 107% 107% *30% 107% 10% 10 3/a 11% 11 17 173/a 17% 17% *28% 29% *28% 29% *28% *100% 101% 100% *59 64 *61% 108 108 *107% 1,800 *105 41% 61% 108 61% 108 *59 109 109 - •■'•.' 120 700 30% 30 30 30 19% 18% 15% 64 108 20 100 64 30 19% 19% 18% 19% 18% 18% 3,900 1534 15% 153/a 15% 155/8 15% 15% 5,400 1053/4 105% 105% 100 43% 3,600 30% 30% 3,400 2,500 > 100% ' 15% 547. > 29% IOIV2 19 page 60 10 3/a 1.6 3/a >17% *100% 303/4 For footnotes see ' ; 29% 153/a 41% 240 101% 18% 105% " *28% 30% 41% 10% . 10 3/a * 1053/4 413/a *30 *105 42% 105% 42% *105 42% 43 43 1 No par —No par 10 No par No par 1 preferred No par i —10 preferred A 100 "6% preferred B_ ,—100 National Linen Service Corp.——1 Nat Mall & St'l Cast Co No par National Oil Products Co 4 National Power & Lt —No par $4.50 conv National Lead Co >7% 25 10 40 National Supply (The) Par $2 conv preferred 5%% prior conv preferred 10 6% prfor preferred : 100 National Tea Co No par Natomas Co No par Nchi Corp '•—No par Neisner Bros Inc 1 4%% conv serial preferred—100 1,600 ; *100% 15 s/a *105 10% 90% 10% 11% 17% 19 42 90 ¥4 ' 10 3/a 10% 30% 105% 10% *163/4 19 42 •: 91 10% 15% *105 91 92 10% 11 16% *91 10% 10% *103,b 92 10 No par —1 No par 100 10 Newport Industries 1 Newport News Ship & Dry Dock—1 (J J) 5% preferred series A Newmont Mining Corp Newberry Co $5 conv preferred New York No par Air Brake——-No var 6 3/4 July Apr 18% 9% Jan *17 July 143/4 Dec 24 May 31% May 43% July 29 22 Jan 32 19% Nov Jun 20 22% Jun 27 176 Jan 60 2% 28 13 Jun 16 > Oct Sep 22% Aug Jan 11% Jun 21 32 36 110 123/4 112% Apr » Feb Jan 100 3 28% July 12 Aug Sep 7% May Jan 21% July 10 Jan 27% Mar Jan 11% July 10 44 Jun July 37 Aug 1 59% Jun 15 110 73/0 165 176 Jan 19% 173/4 Sep Jan 104 113% Oct Jan 29 Sep 19% July 6 8% Jan 16% May 55% July 6 38% Jan 50% Apr 25% July 10 193 % July 24 14% Jan 25 3/a Jun 6% Jan 11 3/b Sep 101 Feb 115% Aug 6 13% July 10 114 Jun « 9 19% July 20 11% July 10 4 87 Jan 10 3/4 Apr 673/4 Jan 89 Feb 60 Jan 78% 27 July 18 July 26 96 Feb 4 15% July 11 Jan Sep 343/4 July 12% July 48% May 18 25 Jan 42 35% Aug 4 23% Sep 323/4 Mar 1 26 Jan 34% Apr Apr Jan 37% July 15 % 16% 26% 4% 72 . % Aug 8% July 4 8 79% Feb 4 83% Jan 6 5Ve Jan 9 Mar 3 4 3 Jan 4 Jan 12 Jan 4 Mar 17 Apr 4 Apr 24 Jun 8 Jan 5 13% Jan 22 96% 56 105 27% 16 % 13 97 35% Apr 25 93/8 Jan 30% 20% Jan 31% 106% Jan 128 July Feb 110 VApr Mar 17 107" Nov 113% vFeb 112 107 - Sep Jun 5 9% Jun 3 23 8% Jan Jun 30 64% Jan 98 July 23% July 10 13% Jan 25 July 111 Jun 4% July 23 3/4 5 3% Mar Jan 8 3% Jan 11% Apr 26 17% Jan 30% Nov 75% Dec 16% July 39% Jun July 12 87% July 13 92% Jan 24 113 Dec 14 116% Dec Jun 119 117% Jan 121 117 112 106% Nov July 10 19 33% July 14 31% 13 48% Jun 40 Mar Apr 114 % Jan Aug July 50 Oct Jun 17 Jun 11% Jan 18'/a Jan 31 Mar 2% Jan 9% July 20 39% 273/4 Jan 21% 23 ? July JO 33% Jun 28 Jan Jan 9% 30 July 15 24% Jun 27 7 Jun Apr ■« July 20 3 53 Jan 77 Jun 15 Jan 23% Jun July 12 90 62 Apr 111 \ July 79% 24% July ,78 116% Feb 24 13% Jun Sep 117 Aug 29 5% Jan 113/4 July 1 34% Jan 44 50% Aug % Nov Feb 1% Feb 5 6 3/, Jan 15% Jun 37% July 20 23% Jan 403/4 Apr 19% Aug 13 Dec % Jan 10 17% July V 12% Jun 8% Jan Jan 23 Jan 176 18 Sep Jun Jan 10% Sep 18% Jan 29% Dec 103/4 Nov 9% Jan 13% Aug 143/4 May 14% 24% July 10 Jan 21% July Jan 23 July 26 6% 12 Mar 15 15 s/a *25% 17% 37% May 24 33% Jun 26 Jan Jan 6 5 Dec Dec 29% Sep 11% Jun 90% Nov 20% Jan 70% Jan Sep 12 36 9% Mar 14% July July 21% 5% 33' July 13 /. 20% July 20 13%4 July 10 Dec Jun 14 25% Jun 27 14 1 14 160 Jan 178% July 137 Jan 150 Jun 143,4 Jan 22 May 27 Nov 36 Jan 100 , 177 Aug 150 Jun 22% July 17 Jun 27 34 v 7 7 ' Jun 28 Mar 13 70 Jan 1 > , 23 . 13% July 163/4 Nov 19 17% Apr ■ 12% July 162 8 20% Jun Feb 153/4 19 July Apr 11% July 8% 23% July 12 176 193/a 5% Jan 1 13% July 10 13% July 12 ... 11% Feb 25% Feb Jan 108% Jun Jan 3 Jan 7 Apr. 19 Jan 4 Jan 4 5 53/4 18% 8 58% May 29 42% July 5 110 % Jun 15 May 22 57% Feb July 5 130% July Jan 27 12% Jan 17 . 4% 28 % July 10 38 July 5 May 20 Apr 25 xll% Feb 11 19% Jan 3 12% Jan 17 11% Jan 5 30% Feb 3 v 26 Jan 25 ^ Feb 5 87% Jan 11 / 19 Jan 7 ,• 164 Feb 25 141 Jan 18 18% Aug 2! 17% Apr 19 28% Apr 5 / 5% Feb 7 8 34 3 ^ Mar 30 11% Apr. 24 28 ; Jan 5 13% Jan 3 9 Jan 8 10% Jan 31 9% Jan 4 20% May 18 165 Mar 1 18 Feb 17 8 % Jan 3 26 Apr 18 No par National Steel Corp— " . -1 10 5 10 100 3,800 87% 87 National Gypsum Co . , No par 5 100 -1 1,700 > 15%' 15% 28% 87 Nat 4.300 , . preferred Distillers Products Enam & Stamping 0% Nat 4.700 . 21 32% *18% *20% 20 3/a 32% 18 3/4 19% *183/4 * Dairy Products National Dept Stores Nat 300 60 22%; 177 Nat Cash 2.900 1 <97% *97 97 100 13% ; 13 23% 19.000 34 3/8 31 *30% 133/a i: 12% 34% 31 12.100 19% . *11% 345/a 32 19% „ Corp 2.600 233/a 21% . & Share 3.600 • ; 12 3/a 23% preferred Bond Nat 6,100 32% 23% 22 1% 14 31% National National Biscuit Co ■. . 20 *19% 19 preferred Aviation Corp conv 7.300 f 176 *1723/4 176 13% 133/4 31% 176 6% 2.300 * *172 3/4 Liquidating Co Corp Nashville Chatt & St. Louis National Acme Co Nat Automotive Fibres Inc Nabco Nash-Kelvinator Jan f. Jan 9 51% May 17 20% Apr 29 u 70 May 24 112% Apr 11. 10 x 8% Jan 3 No par 42% Jan 5 & Bro 3% Sep Apr 43/a July 5 21% Jan 11 No par Motor Products Corp„ 2,200 ; 90 • 73% 1,700 : < . 27 Jun 3% Jan 107 % Jan 5 41% Apr 26 35% Jan 11 No par No par No par 50 Essex 8% 12 19 % Jan May 17 Mar 9% July 20 Mills Ward & Co Morreli (John) & Co & 3 46 Apr 4k 36 % Apr 26 Mar 13 108% May 3 107% May 22 6% Jan 19 93% Jan 13 17% Feb. 5 2% Jan 3 8% Jan 3 No. par preferred series C Morris 1,270 Jan." Jan 1% Dec 243/4 Mar Jan , 17% July 10 20% Mar 27 105 —_—100 Montgomery 9,600 8% Jun 15% 320 6% Jan 30 21 5 27 ' 3 4 —20 29, Monarch Mach Tool '—No par 20 Monsanto Chemical Co—,v 10 A 74% $4.50 preferred ser A No par 111 % Preferred series B .-No par115 -j $4 473/4 47 *31% 21 . 113% V /: 28% *39 , 'l0 . Corp preferred series A Mohawk, Carpet v *111% 113% *28% 83 116% 117% 117% *111% Mo-Kan-Texas RR 7% ' 10 Mission 1,000 22% V 823/4 *115 116% *115 1st preferred 1,000 ;; 9,800 36% 22 223/4 83 83 83 116% Steel Products cum 2,900 . 14 30 36 100 3% 3% 133/4 35% 2,100 A 20 3/4 203/4 21% 21 73/4 105 14% 113% *38% 47 21% 117 117 *111% 113% 21% "90 108 A 7% *101 3% 83 83 *115% 116% 73/4 105% 14% 35% *22% 83 83 *115 *115% 117 *111% 3% 23 *22% 22% 116% 7% *101% 3% 35% 85 *83 *115 21% 14 3% 106 14% 3% 14 3% 14 8 106 7% 8 7% 7% 7% 7% 108 112 108 • 7% *104 3,100 1 *110% * No par 100 Minneapolis & St Louis Ry—No par Minn-Honeywell Regulator 3 4% conv pfd series B_, -100 4%% preferred series C -100 4% preferred series D 100 Minn Moline Power Impl1 $6.50 preferred— No par 8% 3% 14% 7 3% Jun 37 25 27 6 24% —10 Petroleum 27 13% July 17 Apr 8% Jan . 5 Copper Midland . 500 40% 40 *109% *110% 108% 51% 40% Mid-Continent 500 130 50% 513/4 393/4 *109% Miami 3,800 9% Jun Jan Jan 4 Mar l Jan 3 Apr 25 Feb 4 27% Jan 13 116% Jan 4 , No par 5 Machine Co— Nov 8 82 50 Merch & Mln Trans Co Mesta 230 130 1 (The) 1st preferred, 2,900 / 26% *333/4 •',34% 35 1293/4 conv Nov 315 Jan 3 Jan 4 70 Jan 3 31% Apr 28 +-Nopar 4,100 7 6% 26% 129 *109% *109% 33 % - 5% 15 21 22% July Jan 17% Aug 10 Co._ preferred series A—--No par $5.50 pfd ser B w w --No par Melville Shoe Corp — 1 Mengel Co 520 :A 1,600 35% v,, 33% 7 51% 40 128% 34 33 5/8 26% 7%- 26% 35% *35 33% 33% 33% 33% . 5,800 r — .-18 No par 1 100 $6 200 36 *35% 14% 71/4 *110% 36 110 ; Co preferred Mead Corp 10 A conv McQuay-Norris Mfg. 2,800 / 87 87 87 6% 50 95% Stores McLellan 800 800 11% 48 33% 112 11 *94 17% *86% 34% *110% 17% 11% 95% . 17% 14 34 *109% ; : 12% 10 Jun 391 l93/4 May 2 170 Mar 2 52% Feb 4 4% Mar 6 32% Mar 10 106% Mar 7 193/4 Jan 5 16 Jan 13 1093/8 Feb 23 27- Apr 27 14 Feb 29 47 Mar 20 21% May 1 97. Apr 18 10 Feb 9 110% Aug 4 5 preferred $4 500 . 48 33% *109% 3,100 103 110% 86% 26% 40 McGraw-Hill Pub Co.—1 Mclntyre Porcupine MinesMcKesson & Robbins Inc 303/4 July 25 % May No par 800 12% 11% preferred w w 600 243/B 24 103 103% conv 17% 110% 17% 5% McGraw Elec Co - 52 17% 52 53 % 123/4 *94 26% *51 % 400 111% 95 26% 128% 31 13% 7% 33% 31 Corp McCrory Stores Corp 100 31 48 13% *47% 34 *33 85 1,300 116 123/4 11% ' McCall 1,000 20 19% *110% 12% 18 95 27% 27% *llf 24 24 *102% 112 *17% 86% 48 12% *110% 18 27% 20 preferred preferred $6 1st cum 10 Jan 37% Apr 100 10 No par No par No par * 1 100 —1 — Jun 19% July 28 / 16% July ' 5 18% July 5 19 3 Jan Jan Nov 37% 107 14 4% Jan J.No par Wks Alkali preferred May Department Stores— 7% $3 100 111 t Maytag Co 6,700 :• 40% *110 173/4 52% 24% 112 18 *85 36 33 17% 52% 11% 12% 33 VI7% *94 > *47% *35% 17% 52 % 86% 86% 86% *30% 103 ' Corp. Elec Co Mathieson ; 500 - 97/s 116 30% *110% 18% ■ 19% '♦111 30% 11 ♦94 *26% 20 116 30% 95 11 11 27 20 103% 112 *17% 18% 95% *92 27 *111 • 58% *40% 41% 111 24% 12% 12% *40 *110 *51% 103% *110% 40 110 *16% 24 23% *110% 112 *17% 20 16% 103% 40 Masonite Master : 70 9% 10 400 —1 No par No par —1 Co L) Corp Martin-Parry 2,200 176 58% 58% 9% - - 2% 6% 12% 13% 16% No par Field & Co (Glenn Martin . 4,500 ' ' 21% 21% *175 176 - 58% 10 110 116 21% 21% *175 58% 9% 27% 20 21% 176 *58% 10 30% 103% 27% 41% 30% 24% 24 103% 44% \; 27% 111 *51% 17% 53 44% 28 *111 112 *29% 30% 443/4 28 58% 27 19% 19% 112 114 44 28 21% Market Marshall 10,900 45% *175 Marine 4,000 4,000 10% Feb May 138% Jan 38% May 27 183/4 Feb 24 1 Midland Corp 5 St Ry 6% prior pfd—-100 8,670 : f. No par 25 Bros Maracaibo Oil Exploration 11,300 >•' . 45 21% 58% 9%: *110 27% 27% 27 20 *19% *112 i 28 176 *40 41% 111 *110 111 . v>: 9 7% / 7% 73/4 7% 28 21% 58% 9% , 45% 176 175 *57% *110 - *27% 28 175 176 9 45% 44% *27 21% 21% *175 \!- Mandel 29 July 28 Apr 26 44% July 10 x263/4 Aug 1 104" Jun 6 1 14 Jan. 12 14% Jun 9 -315 Jan 21 6% Apr 24 Jan 133 139 *..50 1 Manhattan Shirt 800 183/s 16% 7% 10 1,300 33/8 33/b 33/8 Copper •/Mahoning Coal RR Co—XManati Sugar Co 300 22 22 No per 100 No par Magma 600 2,800 12% *12% V Co Inc 4%% pfd series A_—— Madison Square Garden 20% 29% July 21 6 135 Feb 21 34% Jan 27 No par Macy (R H) 400 73/4 8 8 12% *21 % i.100 Mack Trucks Inc ■ 2,700 i 1,300 ■ 16% 253/4 Apr 10 Forbes & preferred 6% t 2,500 *18,300 , ' 16 16% 16 16 *16% MacAndrews .100 .a •136 *136 *42 *106% *29% . « 23/8 Jan 7% Jun Jan 64% July 53/4 Jan 15% May 30% Mar 16 14% Jan 28% Jun 89 July 18 93 % July 7 57 Jan 80% Jun 62 Jan 88 Jun July 20 173/4 July 10 10% July 20 11% July 12 18% July 11 31 July 5 52 23/4 Jan 7% May 6 Jan 10 % 9'/8 Jan 1934 July Jan 25% Oct Nov 16 13 743/a Jan 98% 66 Jun 23 37 Jan 57% 110 Jan 22 101% Jun 32 July 22 July 10 16 July 12 5 1063/4 Mar 26% Jan 10% Jan 12 Dec 94% Nov 105% Aug 4 43% Aug 4 27% Jan Sep Aug 114 37% 19 Apr 2 Apr Oct 21% Mar 102 May 44 % May Monday, August 7, 1944 COMMERCIAL & FINANCIAL CHRONICLE THE 544 NEW YORK STOCK RECORD T"esday Aug. 1 July 31 July 29 $ t per share $ per share per f per snare 2074 207a 20% 19% 28 20% 28% 92 92% 19% 19% 29 29 28 28% 90% 91 91% 92 *2572 26 *25% 26 *25% 26 *1574 16 *15% 16 *15% 16 *14 41% *37 40 "7 *38 40 *38 39 ♦37 ♦177% 185 77 16% *39% 76% 16 Va 16% 4074 *395/a 8% 26 27 *42% 44 *43 6% 6% 6% 1147a 11474 11474 267/a 43% *50 13% 13% 13% 13% 17% 18 17% 17% 177« 18 *52% 55 *53% 55% 54 11474 10 267a 4,100 437a 70 257a 43% Jan 26 May 3 6% Jan 13 Dec 1 16% Jan 32% Dec Jan 19 198% Jun 15 63% Jan 132 Jan 3 July 25 28% Jan 54 3 19% Mar 11 12% Nov 26% May 23 Jan 38 IT 4 'J 41 3 201 Jun 26 29 122 Feb 2 July 8 July 17 162% Jan 192% July 113 Jan 122 19 9% Jan 18% July 55% Jun 7 49% Jan 56% Jun 51% Jan 27 53% May 26 48"% 56 Jun 7% Jun 9 9% July 10 14% Apr 4 Northern Pacific Ry 3 100 115% Apr 31 15 27 44 Jun Norwalk Tire & Rubber Preferred 4% Jan 3 7 40% Jan 12 Norwich Pharmacal Co 12% May 30 7% Jan 18% May Jan 116% July 107 137a 13% 1374 900 17% 1774 *T7% 17% 17% 9,500 Ohio Oil Co 55 54 54 547a 1,100 1074 4,800 360 Equipment Omnibus Corp (The) 8% conv preferred A Oppenheim Collins Jan 23% July Jan 41% Aug x3% Jan 6 July 4 51% Aug Jan 15% 36 5 31 Jan 45 Apr 23 July 16 8 Dec 101 Jan July 15 1 Telegraph . 91% 24 Jan 17% Jan i Airlines Jan Nov 8 104 July 21 18% July 6 37% Feb 112 Northern States Pow $5 pfd_. 2,400 Nov 10 Jan Northwestern Dec July 26 xl3% Jan Northwest Dec Jan preferred series preferred series North American Aviation Northern Central Ry Co 67a ;/: .1774 14% 18 % July 42% Jun 15% Jan 5%% 517a *13% 3 22 33% Jan 6% 678 1374 28% Mar 14 May 27 ;52 5174 13% 31 % 116% Jun Ry 67a 6% *50 54 14,500 1674 97% July 19 14% Jan Adjust 4% non-cum pfd__. North American Co 537a ' 53% 13% i-S z. /:■■■ 16 .? 267a *42% 3,600 8% 1037a 43 7a 26 67a 67a 6% 51 400 *114 1674 43% 51 * '..J: *114 74 700 53% 8% 87a 8% 547/a 53% 537a 16% 26% 51 *49 ♦54% 55 55 *53 20,600 18% 74% July 32% July 20 3 183% Jan Norfolk Western Jan 4 Jan 52 SLipbidg Corp part stk. & 267/a July 11% Jan Noblitt-Sparks Industries 80 / 20 129 100 /y 117 187a Y Jan Jan 24% Jan 500 407a 199 16% *42 7a ' 407a 117 *103% 26% N 198 167a 17 *114% 114% 3.100 199 187a 8% ■ 167a 1177a 187a 199 *117 *103 7a — 16% 114% 25% 8% ; • N 16 7 407a *39 199 198 53%;: 16% "13% 167a 54% 17 *114% 51 16% 53% *103% 16% •> 16% 547a *53 8% 114% 25% 6% 167a 1,090 10% 30% Jan j ! Y Lack & West Ry Co 757a share 21% July 20 3 11 62 RR Co N Y & Harlem 75% 7574 54% 53% 8% 8% 16% 6% 7574 ' *103% *114% *49 76% 200 38 185 *175 76% 40% *36% 185 *175 54% 54% 44 185 *175 87 38 38 1874 53% *43 100 187a 53% 25% 700 ,1574 18% 54 % 8% 257a 1574 15% 55 — *25 Va 177a 117% 53% 8% 257a *11674 *5374 *103% 9174 2574 199 *54% 3.000 89 preferred series A N Y City Omnibus Corp New York Dock $5 non-cum preferred 6% Highest I per share 19% Jan Y Chic & St. Louis Co N 887a 15% Jan i Central New York 3.100 *14 7a 117% 18% 29 157a *197% 18% 287a 257a *116% 17% 17% 29 72.400 92 117 117 117 *116% 1974 *28 7a 199 198 199 *33% 40% *39% 40 *198 19% S per t per share " 257a 185 76% 76% 16% 16% 76% 16% •76 2074 per S per share Shares share share 91% *174 185 *175 29 *28 7a $ t per 197a share Year 1943 Lowest Lowest EXCHANGE the Week Aug. 4 Range since January 1 Highest STOCK YORK NEW Sales for Friday Thursday Aug. 3 19% Range for Previous STOCKS Aug. 2 AND HIGH LOW Monday Saturday PEICES Wednesday SALE 8% 27 14% Jan Oct O ■ *11% 11% *11% 11% 22% 12 22% 22% ♦100 100 100 100 10% 10% 10% 10% 10% 100 22% 227a *69 117a 227a 227a 2274 *152 7a *152% 42 42 41 41 72 v 107a 1007a *117a ll7/a '152% *69 73 *69 73 60 60 __ *42 107a 1007a 10% 101 45 *152% 55 60% 60% 60% 60% 13% 13% 13% 13% 42 *69 10074 101 11% 73 11% 227a ■ 42 10 1074 10% 100 * ■ 5474 227a •V 101 11% 117a 300 22 227a 2,200 *40 44 *69 73 *69 , 2,600 11% July 19 105% Jan 10 14% July 1 3% Jan 18 147 Apr 15% Jan 24% July 13 19 Mar 30 153 May 10 3 147a July 10 13 Apr 28 preferred non-cum No par 2nd preferred non-cum—No par Pacific Finance Corp (Cal) 10 Pacific Gas & Electric 25 Pacific Lighting Corp., No par 397a Aug 17 7i Jan 4 3 487a Jan 4 23 3A Feb 25 167a Jan 3 1574 July 14 34 Jun 16 46 July 12 417a Jun 3 Mar 157a May 2374 Jan 317a Dec 33 Jan 457a July 19 Jan 287a May 1217a Jan 12 1597a July 13 147 13% 13% 13% 900 Pacific Amer Fisheries Inc 11%: 11% 10% 117a 510 Pacific 413% 397a 40 417a *11% 12 *40 Va 41% *40 21 *20% 16% •15 20% *15 12 40 40 41 41 217a 20% 21% 16% *137/a 32% 3274 44% *20 7a 16% *44 % 21% *137/a 32 Va 3274 32Va *44% 44% *44% *40 * 21% 20% 1672 *137/a 16 72 *f37/a 33% *33 33% 33 337a 3,300 44% 4474 44% *44 44% 44 44 74 500 36 7a 1,400 Pacific Mills 12072 170 Pacific Telep *203/4 37 3774 37% 36% 367/a 367a 121% *12074 12174 120 11974 11974 *1193/4 12072 *1193/4 158 % *157% 158% *158% 1587a 158 7a 15872 *158% 159 7% 7% 7% 77a 77a 77a 7% 167a *15% 167a *15% 167a *1574 37 *15% 5% 3274 57a 574 57a 53A 53/4 33% 33% 32% 337a 32 Va 157a 157a 112% 112% *53 *106 34 110 22% ' 227a s 58% 4 *53 110 *106 106 277a 2674 263A 11,000 337? 333/4 33% 335/a 1,700 17a l7/a 900 30'A 30% 30% 307a 2274 30% 217a 22% *217a 30% 2 l7/a Jun 19 6,400 21% 1.400 2.700 177a 1774 177» 17% 173/4 177a 173/4 1,000 Patino Mines & 58 7a *57% 58% *57% 5872 *57% 5872 10374 10374 103 74 10472 1037a 105 1033/4 1033/4 2,000 1772 12,200 ; *7% 7 74 7% 7% 7% 7% 7 177a 177a 17% 1774 163/4 *1374 15% 15% 157a *143/4 37/a 374 37a 56 *54 *54 37/a *374 55% *54 74 *17 18 *17 18 *17 18 •110 114 •110 115 *110 114 29% 2974 29% 297a *24% 24% *24 7a 24% 247a *61 61% 61% 61% *11%' 12% 1174 12 56% 56% 55% *17 18 *17 18 *110 114 *110 114 *24% 24% *2474 247z 200 61% 6174 6174 6174 61% 613/8 *61% 61 % / 12% 127a 1374 14 13% 13 74 12 3/4 123/4 56% 5674 55 56 74 84 82% *54 55% *54 55% 55 *2674 2774 *26?% 2774 *2674 8% 7 *8 9% 9% 46% 47% 47 22% 227a 22 53'A 577a 557a 563/4 *1574 1674 147a 15 82% *81% 84 79% 81% 55% *54 557a 52% 53 27% 27% 2772 8% IVa 16 27% 2774 *8 8% 9% 97a 48 49 227a 2274 53 % 53% 53 102% 102% 103 1974 1974 1974 1974 1974 197/a 1974 *25% 2574 25% 25% 25% 25 74 1147a 11974 •114% 11974 *115 7a 337a 335/a 33% 337a 337a 53 103 89% 89'A 109 10774 10874 *113 113% 113 103 113 89% 89% *14 15 112 ♦107 *12% 27 81 *78 *186' '2 53% 53% 103 103 *115 7a 11974 347a 347a 3472 6,700 Philco Philip Morris & Co Ltd 119%" *115 343/8 333/4., 90 *89 893/4 109 *108 109 *108 ?> 10974 113 *114 115 *114 89 72 89% 15 15 15 15 *107 111 *110 111 15 7a 111 116 45 457/a 45 67a 717a *87/a 9% 67/a 7172 67a 71 97a 80 14% 80 137/a 80 137a 13 ,.'V 277a 133/4 1374 57/a 6% 6 674 874 8% 87/a 87a 874 .V *92 967/a *92 49% 48 49 47% 48% 48 48% 607a 60% 6072 60% 607a 6072 6072 *6072 2074 207a 21 21 21% 21% 2172 213/4 21 14 97 117a 1274 71 137a 71 12?4 71 71 177a *92 177a 97 135/a 137a 14% 71% 71% 71% 1774 18 18 *2274 24 *23 13% *71 *71% Jan 267/a 8% 443/4 5,700 123/4 100 Phcenix 27% 600 67a 2,500 69 1,320 700 83/4 80 80 110 13% 13% 300 53/4 Hosiery preferred 6% & Iron Pitts Coke & Chic Ry preferred. No par Bolt 5,100 Pitts Screw & 2,400 Pittsburgh Steel Co 7% preferred class 48 2,020 61 140 217/a 2074 2172 145/s 13 14 20,000 727a 72 72 100 185/B 3,000 300 5,000 1 10Q 100 Pittsburgh Forglngs Co 6 47 No par No par Corp preferred $5 conv 7% 8 100 100 Pittsburgh Coal of Pa Pitts Ft Wayne 97 *6072 No par 100 No par —5 25 Plllsbury Flour Mills 5 May 16 19 2374 May 13 117 Apr 26 1st ser 572 % conv pr Apr *17% 24% 2474 *23 24 107a 10% •107a 107a 10% 127/a 13 13% *13 14 4174 41% *42 44 557a 557a 557/a 119% 119% 119% 16% 167a 167a *119 167a 10% 137a 137a 127a *12 7a 137a 10% 18% 18% 18% 18 24 24 24 23% 23% 10% 10 10% 10 10 *13% 14% 44 *4272 437a 557a 56 133/4 14 *42% ; 1372 *13 56 5574 11972 *119 16% 17% 17 43 5574 557a 553/4 11972 119% 119% 17% 163/4 98% 102 1077a 107 3/a 107 1077a 107% 107% 107 1073/8 113 118% 11774 118 7a 117% 1187a 118 118% *118 119% *118 119 118% 118% *118 4774 477/a 48 4874 48% 487a 167a 16% 16 16% 16 97 *11274 113 •1127a 113 *112% *106 7a 1077a •1067a 107% * *22% 237a *2274 23% For footnotes see page 547. 1057a 23 7a 17 977a 9674 97% 96% 977a 1027a 102 7a 1027a 102 7a 1025/a 48 7a 16% 113 1077a 24 16 * 1127a *107 23% 13 74 *41 *13 119 48% 16% 113 1077a 237a 557a *119 103/4 97 10274 8,000 Pressed Steel Car 2,000 119 72 30 167/a 10,500 97 107 74 107 10774 820 118 118 7a 500 118 118 4874 47 50 17,100 Pure Oil 16 153/4 16 113 •1127B 113 6% *10678 107 74 100 *233/8 237/a 1,100 5% Piirlt.v -roVpHps Corn May 5 Jan Jan Apr Feb Jan Jan Apr 4% Jan 69 100 100 327a Apr 177a Feb 247/a Sep 9 5 467a Jan 174 Feb 6172 July 77a Sep 587a July 12 287a Jan . May 31 7 63 Mar 16 74 July var Dec 597a July 177/a July 20 57a Jan 16 Va May 887a July 19 597a July 19 28 7a July 5 347a Feb 19 Jan 587a May 41% May 23 Feb 9 7»Jan 12 10 July 14 51 Jun 20 '674 Jan 5% Jan 2472 July 5 20 Nov 5478 July 10 103 July 217% Jan 26 118 July Jan 37 July 9174 Jun 267a May 10 7a July 874 Jun 297a Mar 37 Jan 7 6872 Jan 917/a Sep 3 18% Aug 22 Dec 247a Oct 251/2 Sep 1374 Jan 26% Jun 28 28 10 20 x517a 113 11774 110 1672 July 14 11372 July 13 487s July 8 ? 14 74 July 15 28 July 11 774 Jun 29 75 Feb 21 10 July 5 80 May 5 27 13 18 25 157a July 10 Mar 4 4 25 3 171 186 6 26 May 12 67/a July 3 10 Mar 25 3 3 Jan 3 10474 Jan 4 113V2 Jan 3 115% Apr 28 96 3 3 1097a Jan 12 103 Jan 15 1934 jan 1774 Mar 113 Jan 52% May 19 157a Feb Jun Jan - 3 95/a July 5 99 Jan 10 61% Jan 10 6672 July 5 14 907a Sep Jun July Jun 774 Feb 14 July 797a Jan 100 July 427/a Nov 50 37a Jan 10% 187a Jan 26 3% Feb 3474 Jan 5 Jan 59 Jan - Apr Dec May 7% May - 68% 9 Dec Mar 777a Jun 9% Feb 1687a Nov 1687a Nov 170 Jan 182 Aug .4 Jan 157a May 67a Jun 4% Jan 1074 May 597b Jan 90 24 Jan 52 74 May 56 Dec 75 77a Jan July Mar 16% Mar 2274 July20 147a Aug 3 79 Feb 15 174 Jan 20 Jan 747» 1974 Julyli 1474 Jan 21% July 25 18 2374 Apr 13 Jun May 29 13% July 19 377a Jan Oct 374 Mar Jan 44 8772 Jan 97a 45 Feb May 16 13% Jan Sep 2074 July Nov 177a May IS 19 V4 Jan 15 116 May 1007a 71- 11 % Feb 14 x98 Jan 19 43 Apr 19 9 Apr 4 2372 Feb 23 61 77a 68 % 1172 / 1647a 183 672 May Jun 25 No par 100 100 100 .No par ._Nn 19 7a May 13 Va 117a May 17 No par (The) 32 Jan 237a 11% Apr No par preferred conv preferred Jan 16 10874 357a Jan No par Pullman Inc 153/4 237/a Pub Ser El & Gas pfd $5 14,300 27% 10 Jan 25 pfd (ser of Feb 1 '29) 100 Pub Serv Corp of N J No par preferred preferred 7% preferred 8% preferred Apr Jan 87a Apr 5% 477/a ♦1127a 107 Gamble 6% 1183/4 237« & $5 118 7a 1C7 Procter 1,300 107 47% 2d preferred Dec "2"% Jan 1 1st preferred conv 1,080 1177a *118 conv 5% 7274 1% 5 50 Co Inc 5% 400 No par No par B Poor 557/a 102% & Co class 1.300 1372 42% 1027a 102% 12% *12% 4272 987» 1027a 133/8 133/4 1027/a 97% 977a 119% 13% - Jan 104 72 87a Jan 5 Pocahontas Pond Creek 177a ~1% Jan 10972 llTiJan 100 Preferred Plymouth Oil Co July 337a * 18 July 30 July 12 1 Pittsburgh & West Va Co. (The) Plttston Dec 106 Jan 11 i/ 114% Jan 17 Mar 28 100 pfd 4574 Jan 25 247/a Jan 3 82 Feb 25 100 class A preferred 5% July 157a 5 18 74 Jan 26 3 8872 Jan 674 Apr 25 827a Jan 3 46% Apr 27 577a May 3 No par 100 100 B 4 Jan 100 Oct 113 74 July 317a July 17 6 4974 Jun 106 44% Jan Jan 4% July 77a Feb 29 73/4 Jan 3 40% Apr 26 2072 Feb 14 108 . Jan 2 3% 112 Mar 17 Jan. 15 Jan 4 257/8 2172 55' 7 5% 100 preferred— Phillips Petroleum 1057a 627a July 17 10 110 lA Mar 17 ' 100 *12 105 / >. 377a Feb 9 16 Mar 17 series 8 62 177a July 14 series *89 48% v 3 47i% 97% 473/4 607a 6% 18 472 7® 7% 117a Nov 1372 Apr Preferred Phillips Jones Corp 43 74 July Jan 13 20 ;i :9% Jan 274 Jan Preferred 200 Apr Jan 7% Jan 40 143A 5 Jan 2372 80 50 111 3 17 Aug 3 17% July 31 1,200 *14 7a 272 177a July '■ ' 7 90 *110 Oct Jan , 672 May 60% Mar 116 8% 8% preferred Corp Sep 160 29 109 89% *18672 *92 49% - *170 . • 337/s 9 1197a Jan Dec *114 67a 81 4.4% 1193/4 No par 100 3 10 preference com Jan Dec 37a Jan *108 683/4 9 *80 *170 678 333/8 63/a *87/a 6 *115 71% 65/a 69 97 *92 290 11974 *186 7a 8% 190 5374 103 $1 *27 6 53% 2,000 *18672 8% Phelps-Dodge Corp 25 Philadelphia Co 6% preferred 50 $6 preferred No par Phila Electric Co. com No par 253/4 *170 57/a Pfizer 9,100 255/e *186% 8% 1,200 223/s 257a *170 5% 4972 25% *12 *13% *4872 2574 X4478 1474 Pfeiffer *25 74 *170 ' Petroleum Corp 900 4,400 1274 80 Pet Milk Co 500 972 103 9172 Nov 6 200 IVa & Co Inc 10 Apr July 1% 237a Mar No par 5 No par 1 2872 (Chas) 25% May 517a 5 *9% 22 Jan 1474 167a 3374 Jan *27% of America 55 87a July 12 207e Feb 15 46 Apr 24 1074 Jan 3 5472 Jan 4 /•■V 77/a Brewing Co 13 74 Jan 583/4 Jun 100 1978 277a 9% 5172 193/4 4574 67a 50% Jan 23 7a Jun 1 100 100 Pepsi-Cola Co Pere Marquette Ry Co 5% prior preferred 5% preferred 197a 1274 70% 1,000 2,300 1,100 > 100 50 5 100 100 Ry Co Eastern & 193/4! *26 72 678 14.600 15 81 - 20 *186% —. • 53% 103 1274 80 *1374 14% *137i *170 22% 227z 27% 45 9% 80 / 50 22% *26% *9 9% 9% 49% *12% 70 *69 69 *87/a 93/a 9% 49% 13% 46 6% 674 674 G9 *107 103 8 • 27 4574 13% 27% 27 *15 111 4574 457a *12% 113 1574 *14 *110 89 *10774 53 74 53% 103 \ 143/a *78 7a Glass Sand Corp Peoria 247a 5574 No par No par 2,100 247a *1574 No par Cement Penn-Dixie 137a July 67e 7 9374 Feb 1 10 Corp Corp 1,100 247a 15% Coal & Coke Penn 5% preferred Pennsylvania RR Peoples Drug Stores Inc Peoples G L & Coke (Chic) j; 13.000 82 No par Penney (J C) Co Penn-Central Airlines Penn 18 114 2972 56% *108 *110 29% . Ford & $7 conv pref ser A 297a *81% * 1,300 37/a 5572 2974 157a 22% 33/4 *53% *17 2974 29 7a 82 ■ 37/a 56% 37/a *54 300 15 29% 29% 157a *8 3Va 56 Penick • . 7% Jan: 47a Jan 3 15% Apr 26 5172 Apr 10 No par Enterprises 10 —No par 7 74 177a *57% 77a 18 15% 22% 1874 Feb Oct July 64 5 27 Jan 31 '! 104% 9% 267a Apr 28 2.50 21 37 7» July 27a Jun ... 58% 17% 97» ;• 297a Jun 307a Jun 28 Parmelee Transportation 177/a 27 67% 23 72 , 357* July 5 Jan 25 61 106 17a Mar 27 Parker Rust Proof Co . 10 Mines—1 Parke Davis & Co 21 V;' 47/a July 13 6 Jan No par 30 3% 357a July 10 1972 July 17 11474 Julyl3 3 Jan 237a Jan 1 Consolidated Utah 27a Jan 45 103 - ex-privilege Park & Tilford Inc 30% 15% 47 1 Inc Pictures 21 17% *9% 8 100 30 3/8 15% '*46 18 10974 Jan No par 21% 1774 8% 83/4 Feb pfd_100 preferred Paramount Park 25 & Ref Inc 774 July 25 177a July 10 674 Jun 19 27 287a Apr & Transp Prod. Cos conv • 29 37a Jan 5 5 Corp East P L 5.60% • 22 15% 37/a 4% 1274 Feb No par 30 3/8 ' *104 58 Paraffine 40 263/a 2 1674 *8 Panhandle 200 277a 15% *15 5,300 347a *l7/e 167a *3% 474 53% 27 *15 *53% Panhandle 34 2 Pan-Amer Petrol 380 1177a Apr 27 149 Jan 11 47a Jan 3 1 10 Car Motor Pan American Airways 1,000 34% 100 100 Oil Corp Pacific Western Packard Jan 10 3974 Jan 3 257a Jan 10 30 par Pacific Tin Consol'd Corp 1474 106 No & Teleg preferred 112 74 27% *17/B '16% •- 12,600 347a *57% t 104 104 43/8 537a 4% *53 102.100 6 27 2 *7% *■ 18 4% 52% 110 500 153/4 3372 34 V* *22 7% •7% *17% 527a ♦106 13% 112 14,100 IV2 21 Va & *57% 143/a 1127a 6% 30 159 34% * l7/a 30% 143/a 112% 16% 27 f 2 30 15% 112% 474 54 110 27% 34 1127a 4% 54 *106 27 *1% 4% 4% *53 110 *106 15 157a 112% 4% 153/4 5% 157/a 47a, 153/4 153/4 7 33 7a ti. 112% *53% '54% 167a 772 7% 5% 16 ---..♦4% 7%: 159 3274 3T 113 157a 113 ; i 120 57a 5% 3274 5% *32 3674 37 - Co 1st 33 121% 37% 200 207/a Coast 33 *157% *37 90 Apr 3 13% 1174 Sep 38 87a Jan 137a 1174 154 io7/a Jan 61 1174 Jun 5 10 6074 12 21% 28% Jan 46 Jan 54Vi Jan P *11% Dec Jun 64 Co Glass 60% *13% Dec 107a 55% Feb 29 No par 12.50 Co Owens-Illinois 60 137a 10% 105 42% July 20 71 July 18 5 59% *13% Jan 142 50% July 37% Apr 26 64 Jan 8 Outlet 73 18 July 25 29% Jan 37a **an 69 Jan 21% July 11% Jan 57 % Jun 27 100 Outboard Marine & Mfg 59% , 20% Mar 22 8 No par preferred 6% 400 45 *41 8 Feb Apr 8% Jan 18 —10 Otis Elevator *152 7a *152% Feb No par 17% No par 45 6 K ' 8% 100 99% Farm Oliver 1174 July 8 14 7» July 6 July 10 July 19 120 < Jan 12 18% July 10 59 ' July Apr Apr Apr Feb 527a July 18 Mar 100 12 105 110 11974 11974 4 13 10 15 10 22 11374 Feb 18 107 Feb 9 2474 July 17 Jan 4 Jan 67a Jan : 67a Jan * 2474 4872 11474 11% Jan Jan Apr Jan 7572 Jan 857/a 967a 108% 1137a 2674 Jan Jan Nov Nov Jan 11 Jan 10474 Feb 92 Va Jan 137i Jan 1074 Dec Dec 13% May 13 Jun 4078 / 58 123 Jun Sep - Feb 177a Apr 967t Oct 1077a July 11474 July 1297a July 122 Aug 407a July 19% July 1147a July 107% July 22% Nov i Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4305 160 545 NEW YORK STOCK RECORD LOW Saturday AND I per share Aug. 3 Aug. 1 v'v Aug. 2 S per share $ per Range since January 1 STOCK YORK Lowest EXCHANGE the Week Aug. 4 S per share NEW for Sales Friday Thursday Wednesday I per share July 31 S per share Range for Previoas STOCKS HIGH SALE PRICES Tuesday Monday , July 2!) • share • 147a *14% 147a 14% 14% is y8 15 ' 15'/a 15 15 y8 15 % 15 7a 2,300 10% 10% 10% 10% 10% 10% 11 10% 10%: 10% 10% 30,300 75 75 76% V 76%' 76% 76% ;940 8% 8% 8.300 1,290 ■73' *74 % 8% 9% 9 9 ; *76 9 %" *9 9 :v 90% 88% 89% *31% 31% 31% 31% 15 %i 15% 15% 15% 15% 15% 33% 32% 32% *32 32% 32 32% 18 17% 18% *17% 18 17% 17% 37%: 37% •37 38 *37% 37% 31% *30 30% 30% 31% 31%' *15% 15% 15% 15% 15% 15% f 32 *32 17% 32% : 90% 90% 30% 17% 9 31% 90 30% 32 r<6% 9 90 90% 31% 90 76% 9% : -31 90 :> *30% 90 76% •>32 90 *37 *37 31% 133 *52 % 37% *30 31 % ' 133 ■ *37 31% « 11% 10% 37% *31 37% ' *30 17% 17% 11% 11% 135 *131% *11 11% 11% *131% *30 11% • 132 135 131% 62 62 62% *61 16% 16% *16 16% *16 17 20% 20 20 *20 20% 19% 19% 19% 62% 63 11% 10% 900 131% *131% 1,600 100 : 134 80 61 60% 62 61 * *15% '■ 16% *19% 20%: 19% 19% 19 - - 16% - 19 19% 19% 19% 19% 3.700 1.700 99% 99% 99% 99% 99 99% 99% 99% 99% 99% 99% 99% 92 ; 93 93 92% 93% 93 94 94 94 93% 93% 11% 11% 11 11 11% 117a 11% 11% 117a 117a 117a 12% 2.300 19% 19% 19% 19% 197a 1974 19% 1974 19% 1974 1874 19% 16,300 *98 > V 99 11% 97 11% *80 14 13% 13% 32% 33 '*37% - 16% 16% 9% :t'-' *10 14% 15% *7% 8% *7% 21% *31% 32% *31% 81 81 *80 81 230 14% 137a 14% 14 2,100 957a 957a 9574 V 1374 450 96 957a 96 1374 137a 13 74 1374 1,800 327a 3274 32% 327a 6.400 391% 37% :: 37% ' 37% 37% *37% 97a *14% 15% 167a 32% 97* 157a 15% 8 32% 16% 16% *16% 16% 1.400 974 974 974 97a 1,800 8% 22 32% 22 32% *32% 33 327a 32% 600 Ruberoid 18% 1.600 32% 323/4 32 3/8 33 72 % % 327a 33 % % 7a' 18% Jan 7 14% Apr x83% Mar 7 8% Apr 16 Corp Jan 15% 26% Jan 14% Jan 227a May 35 ; 30 Jan Jan 66% Jan 80 20" Jan 86% July 70 Mar 3 ■:* 17% July 11 - 6 14% 12 Jan Dec Sep 20 May ' July 7 99% July 27 193/8 Jun Jan 93 Oct 42% Jan 743/4 Dec 5 13% July 21% July 69% 1 Jun 100 Jun Nov 13% Jan 20 % Nov 67a Jan 21% July 11 ;• v. '■•4% Jan 10% Apr 14 Jan 95% Jan 1013/4 July 17 73% Jan 88 72 Oct 12% July 11 5% Jan 972 Apr Jan 3 99 3 5 102 % Mar 24 2072 July Dec 76 Dec 83% July 20 59% Nov 15% July 10 99% July 15 15 7% Jan 15% July 80 Jan 933/4 100 Jan 10 Aug Jan 18 Jan Jun \,32 26% 8 ; 9 63 Jan 85% Apr July 5 :: 15% July 10 35% July 10 98 - Feb 70 5% Jan 25% Jan Feb Jun 11% July '.8% Jan 28 Jan 36 May 39 July 7 343/8 Feb 3974 July Jan 18% July 11% July 3 12% Sep 1474 7% Jan 12 July 1774 May 8% Feb 13 , • 29 Jan 8 17% Jun 3 17 Jun 3274 Jun " Jan if 9 ^ Oct. 5% Apr 18 17% Jan 26 30 55/8 Jan 24% July 5 193/4 Dec 213/4 25 8 20% Jan 28 Oct 19 11% Jan 183/8 Jun 51% Apr 11 43 Jan 50% Aug 35 7a July 12 27% Nov 9 J. Jan 3 34% July 14% Jan No par preferred $2.50 conv 11% 24 84 1 (The) Jun July 10 6% Jan Antelope Copper Mines Co Dec 297a 99% Jun 13 Typewriter 101 % Jan Apr 87 Jun Jan 22% 9 70% Jan 10% 54% 21 r3% 19 100 Jan 12% July 20 * 133 July 29 5 18 1 No par -No par Co 127a May 71% Oct Jan 3% 30% July 25 5 j 4% • 17" 38% Jun - Feb Rustless Iron & Steel Corp 50 327/a 33 Roan Royal 49% 3274 33 800 500 3 10 Mfg 400 7 5% Jan 25 Company 15% 8% 13 27% Jan Inc Richfield Oil Ritter 217a 18 *49% 33 ' Rheem 15% 774 49% 187a 50 32% Jan / 3 11% Feb Common 217a 18% 187a 50 *49% Motors, Jan July 33% July 24 20% Mar 21 2 Feb 3 RR Saratoga 15 July 10 18 15% Jan Republic Steel Corp 6% conv preferred 6% conv prior pfd ser A 157a 8% 50 1874 50 18% 18% 50 it 3 28 1 No par 100 100 Revere Copper & Brass No par 7% preferred 100 5%% preferred 100 Reynolds Metals Co No par 5%% conv preferred 100 Reynolds Spring 1 Reynolds (R J) Tob class B 10 Reo 22 *15% b% *21% 12 % Feb 107% Jan 50% Jan with warrants Preferred Rensselaer 130 39 9% 15% *8% 22 32 % 95 1674 16% '■ v 10 8 *21% 18% 7 81;/4 14% 13 74 50 18% 81% 14% 3274 50 . 81 1374 : 22 18% 150 32% 8 21% *49 4.200 1374 161/4 10% 21% 14% 107a 97% 32% 16% 16 ya 9% 107» *9572 1374 39 • 117a 97 % 327» 13% 32% 39- 10% 97% / *37% 13'/8 32%. *37% 500 98 97% 98 30 ; 11% 137a 95 % *96% 1017a 97 80% 96 95% 96% 95% V. 98 : 101% 101% 11% 11% 951/2 14% 1 *80 14 98 101% 97 11% 95% 81 81 ' 13% :;tss& 11% *95'% 106 *101% 97 11% • 97 - 106 98 98 98% 98% !i *101% 106 *101% 440 . f per share Jan 59 3 10% July 10 i 33% No par 10 1 Remington-Rand 19% 3 100 Reliable Stores Corp 19% 27 28% Jan ' 90 1st pfd & Co Reliance Mfg Co 92 "101% (Robt) 200 4 19 Rels 24 July 12 76% July • 5 100 200 16% *16% 16% 20 *19 Hosiery Preferred 30 . Silk 5 85 % Jan 12 13 •7% Apr Real 1.100 / 10% 1 ♦ Highest per share ' 8% Apr 100 4,400 11 •11 132 *19% 63 317a • Radlo-Kelth-Orp" mm 6% conv preferred Year 1943 Lowest share per 15% Aug < 69% Jan No par No par 1 100 $3.50 conv 1st preferred $ > 21 imM. of Amer Raybestos Manhattan No par Rayonier Inc 1 $2 preferred 25 Reading Company 50 4% non-cum 1st preferred—50 4% non-cum 2nd preferred 50 600 ; • 17% Radio Corp 12% Jan .10 Quaker State Oil Ref Corp. r 10% J per share Par Shares 7 , Highest 5 23 45 No par Jan 13 Feb 9% May Dec s 33 a *% *1% / ' % 17# 17a €?; 52% 113% 113% 113% 1137a 8 8 87a 7% 32 327a 32% 42% >7*42 113 7a *111 • *111 1097a 517a 113 7a 11374 11374 1137a 237a 4274 *111 113% *22% 313/4 32% 6.100 107% 300 100 Scott Paper Co *41 42 111 r, 111 50 57a 57a 9574 95% 5 74 5 957/a - 20 j 1 23 *22 7a 5 74 95 7a 572 110 *109 233/4 1,600 700 5 207a / 94% 207a 95 20% 957a 21 21 2174 21 : 96 2174 20% 95% 943/s 21 20% 213/s 3°a Mar 17 . Corp. $4.50 preferred $4 preferred Seaboard Oil Co of Del Seagrave Corp 5.500 Sears Roebuck & Co 5,600 ■ 95 preferred 107% 42 110 *109 5% Savage Arms Corp Schenley Distillers 5% % preferred 27% May 12 100 > ' % Jan No par >• 43% Jan 100 110% Jan 5 V 7 Jan new—3% - 31% July 100 105 Jan No par 37% Mar No par 109 Feb No par 108 Jan No par 21% Jan 5 "2% Jan No par 84 Feb 1 16% Feb preferred non-cum - 100 Francisco Louis-San Safeway Stores 290 5,500 8 7% ■ *574 95% 57a 1,900 .,.10 Joseph 6% 3,800 8 112 *111 2374 1% 513/8 113% 1133/4 108 *417a tflt 17a . 52 323/a 32 108 • 4 110 237a 4 *57* 572 *574 32% 42% 112 *109 237/a x77/a 8 108 ♦1077a 42% 110 *109 23% 32% 327a 112 •111 109 *23 237a *42% 112 7% 8 108 108 42% 109 23% *109 32 % 32% 108 *10772 *10772 108 *4274 527a 4,100 % St 503/4 1% 1 527a 7% 52 1137» 1%, 527a *52 52% *5172 1 ■/ 174 1% 72 2,400 Servel Inc 1 - Jun 20 27 8 2% Apr 3 53% July 17 1% Mar Jan Jan 37s Mar Jan 47% July 114% Jun 35 - 105% Nov , - 114 Jan ; 63/a 13 9% July 1" 3 36% Jun 21* 22 Xl08% Mar 23 > 6 42% Feb 16 16 112 Jan 6 16 110 Jan 8 3 25% May 19 10 6 July 13 5 Sep 127a Mar July 1073/4 96 Jan 3674 Dec 43 1093/4 Nov 115 Feb 112 Mar ' Dec 105 , Feb 263/8 Jan 16% » Jun Jan 47i Jun 98% July 5 59% Jan 90% Dec 24% July 5 107a Jan 18 3% Sep Jan 177a July ,2 .. 7 , 36% Mar 33 % 15 * * .' * 14 ' *1572 75 16% 137* 1574 1574 157* 16 *15% 16 74 74 7474 .75 *74% 75 137a 7: *74 /> 13 % 13% 75 •157a 1674 *74 13 137a 12% • *74 75% *74 ■M 75% ; *74 75 7a *74 *1374 137* 137a 13% 13% 54 53 53 53 53 24% 24% 24% 24% 24% 14 7* 147a *15 "22% 277a 137i 13% 474 .'478 *3072 31% 5572 ■3% 37/a 3% 3% 900 32% 2774 333/4 273/4 32 273/« 32% 27% 5.000 674 '•76% •: '7> 14% 38 1.300 15% 143/4 1,600 Sloss-Sheffield 23 *223/4 23 37% 37% 37 38 *363/8 37% 900 27% *27% 277/a 27% 27% *27 28 400 1374 *2274 13% 13% 23 *227* :/! 13% 13% 4% >474 47/« 47. 47/a 3174 3274 3274 3274 36% *151 154 *151 37 3774 156 36% 367a 47a 33 *15174 23% 23% 15% 15% 15% 157a 157a 30% 30 307/a 30% 307a 267/a 267a 2774 2674 55% 55 78 55% 2374 237a 2374 5574 2374 137a 13% l 3174 ' 28% 28% 6Ta 67/a 4574 4574 *8% 45/a 34 1.900 3774 4,000 155 *15174 233/4 24 2674 267a 5674 563/4 65 657a 7 63/4 7% 72% *30 3/4 31% *30 3/4 31 283/s 28% 45 7a 28% 28% 44 44 3174 *3074 31% 2874 28% 2874 *4472 45% *44 7a *5872 5974 58 587a 58 58 11% 12% 1172 12 71 727a 11 7174 11% 7174 343/8 45% 5974 5374 *58 7a 11% ll5/a 11 Va 60 11% 717a 717* 72% 72% 727a *72% 727a 36 357* 35% 35% 3574 *35% 3574 *35 74 353/4 3 4 3/8 *11272 113% *1127a 113% *1127a 1137a •1127a 1137a *1125/8 ■ *357t *11272 113% *59 62 62 ♦1137a 116 *11372 *110 110 111 3074 307a 307a -114% 1147a *114 372 3% *■> 37a 54 54% 54 * V : 62 6i74 62 116 110 *62 *1137a •110 30 30% 114% *1133/4 637a *62 637a 116 *113% 111 *110 62 11374 11474 *110 111 297a *1133,4 114 1147a 37a 3% 3% 3% 5474 557a 5574 33/e 37a 5474 5674 61% 617/a 62% 627a *56 '■»' 64 37% 30 30 3/4 *1133/4 37a 3% 567a *543/4 627a 64 373/8 20 . 30% 10.500 114% 300 3% 3,000 5,200 prior preferred prior preferred 62 63 373/8 37% > 37% 17,600 Standard . of Calif Oil 377a 37% 377a 377a 3274 3274 33 32% 33% 323/4 337a 323/4 33 10,400 557a 557t 55% 55 74 55% 55% 55% 55 553/8 543/8 55 13.200 Standard Oil of New Jersey *433/4 Standard Oil of Ohio 25 4374 *111 •: 97a *43 4374 *111 113 9% 97a *32% 33 *6472 »32% 65 157. - 65 1574 *1174 1674 i 97a 18 •> 97a 4374 r *43% 4374 113 *11172 97/e 11 112% 113 10 33 65 •v 327a *65 10% >>v 327a 32% 6574 65 157a 1574 15% 1574 11%/ 1174 16% 16% 1672 97a MO 97a 1127a *11172 1074 11 44 113 *111% 10 IC3/4 113/ 500 103/8 37.200 10 ' -32% *32 7a 65: . 65 *126 300 :/ ■ . - ,600 Sterling Drug Inc 4,200 Stewart-Warner Stokely Bros it Co Inc v 16 117a 16 157a 16 15% 16 117a 117a 117a 11% 2,100 1672 1674 1672 16% 11% 16% ' 97a 10 10 107a 9% 10% .6.700 600 1874 1874 18% 1874 1874 "1874 18 18% 15.500 56% 567a 5672 56% 5672 56% *55 56% 600 674 67a 674 126 674 *126 67a 128 *126 672 67a 128 *126 6% 674 107a 227a *76 7a 79 *22 22 *32 33 72 10 *22% 1674 10 *227a 10 M.:- 97a 23 2274 I preferred Studebaker Corp Class A pfd 6% 8.500 Sunray Oil 9% 2,800 Sunshine (4%% cum) Mining Co 9% 21% 22 900 Superheater Co 75 75 600 21% 22 500 33% 500 Superior Oil of Calif Superior Steel Corp Sutherland Paper Co 7872 *7672 78 7674 ♦75 77 2274 *22 2274 22% 2274 *217a 227a 33 3374 33% 33% *3272 33 72 1672 167a 16% 1772 177a 2074 *32 No par 100 1 100 Corp 974 3274 , - 1 (The) Sun Oil Co (The) . No par 25 100 10 28% 62% 11% 9% 15% ; No par 2274 *3172 % 76% 20 prior Stone & Webster 974 10 22% *2174 *7672 Vz 10 2274 128 5% —10 0 -1 20 Corp 227a • 974 ♦22% No par (The) L S 64% 5674 678 Starrett Co 32% 1872 126 100 1 ; 64% 5674 128 preferred 32% 18% *126 4%% Standard Steel Spring 65 187a 128 674 - 33 5674 v *55 *15 300 . 16% 1174 *16% 44 44 1974 18% 19% 5,100 29% 29% 4.100 (The) Swift & Co 297a 297a 297a 2974 297a 297a 297a 297a 297a 30% 307a 30% 307a 3072 30% 307a 3072 307a 30% 30% 3.500 29 2972 28% 29 2,200 Sylvania Elec Prod's Int 4.300 Symington 2874 287a 67a 6% 29 67a For footnotes see page 547. 29 6% ; • • 39% July 5 29% 3074 297a 29% 29% 674 67a 67a 678 674 .7 6% 6% Gould Corp 25 Jan 147a Sep 10% Jan 15% Jan Jan 58% July 10 . 35% Jan 49% May 5 42% Jan 66 7% July 10 2% Jan 2% Jan 9 Jun 28' July 14 i 30% May f 30% ; 67a Jan 35 29% July 18 23% Nov 46% July 10 32% Jan 32% Jun 28 , 66 ' Jun 61 . * 2\ 12% July 26 Jan 38% Mar 13 33 Jan 113% May 25 109 Jan :■ 64% Feb July 20 112 'Jan 28: 112% Nov / Jan 25 Mar 6 4% July 5 115 " 1% 65% July 12 39% July 12 34% Jan 15 ; Jun " 11% July 42 July 116% July > 70 July 117 Aug 110 . Dec 317a Jan 18 Feb 29 3 Feb 10 Feb 1 67a Mar Jan 38% 44% Jan 40 28 % Jan 3874 July 46% Jan 60 • 37% Jan 28 ~6% ~9% Jan 66 / 147a 5% Sep Jan 5% Jan ; 48% Jan ; 126% July 28 7% July 5 Apr 4% Nov 122 3% Jan 10% July 24 % July 127a Jan 84 % Feb 58% Feb 25% July 147a Jan 33 % Aug 26 V4 43A Jan Feb 22% Jan 4 20% Aug 27% Jan 3 31% Mar 20 27% Jart'10 33% Jun 26% Apr 18 33% Jan 27 5 7% Mar 13 27 % Nov Feb 43/a Jan 22% Jun July *17 17% Mar 14 20% July 60% Jan 21 May 14 Dec 3. 5- May ' Jan 19 9 68% July 7% Jan 4% July Sep 31% Mar " 14% 11' • , Dec May 45% May Nov 25 13% July 12 19 , ' 5 67% May 18 17% July 5 Dec Jan *28% 33% July 13 - Dec 115% July t 10% 58 % July 10 44% July 12 115 Sep .i Jan 9 56% July 12 % Sep 64 Sep 100% 33% July 32 Sep 8% < Nov 107 Sep Dec 35% Mar 60 Jan 49 2 115 : . 44 % July Jan 35% 74% July 17 -V May 3 * Jun Nov 61 Jan 33 Apr Apr 6% 121% 70 ; Jan 5% May Sep Apr ,15% July 25 8% Jan 1 Dec 149% July Jan 65% Jun ' 15 27 5% Feb 15 5% Jan 3 17% Jan 27 72 Jan 3 .19% Apr 25 29% Jan 28 , Apr Jan Jan 21% Jun 15% July Jan 33% July 12' 28% July 10 16 3 12% No par Nov 25% c Jan 132 Sep 24% July 16% - May 17: 24% July 17 152 Feb 7% Apr 13% Apr 54 Jun 121 Jan Swift International Ltd 30 672 May 31 45% 20% Mar 14' 41 May 2374 Jan 2% 17; 29 19 Sweats Co of Amer 297a 2874 :. - 15% Jan 10% Apr 27% Nov • 11% vi.: ,117a ♦1674 4374 ; 19 5" 35 7 Mar 3 Apr 19 Jan 4 111 Jan 26 6% Jan 13 25 44 377t Nov 5 Jun *13% July Jan 15% 14% July * > 22% Aug - 29% Jun 27 , 7 35 % 32% 51 % 40% 25 33 32% Standard Oil of Indiana 327a " „ No par 55% 3772 "'37% 28 % 20' 41% July .7 35% Feb 10 40 % Feb 8 $7 7 22' 23% Jun Oct v 28 Jan Jan .10 7a May 18% Jan No par No par $6 VJuly 19 . 42% Jan 28% Feb 9 : no Jan 27 2% Jan 3 1.300 55 15 > No par N« var Standard G & E Co $4 pref—No par Squibb (E R) & Sons $5 pref series A $4.25 preferred Standard Brands, Inc $4.50 preferred 116 111 _1 16% 3- Jun 57 29 - Jan 21 J 27% Aug 55 28 - 2% ■ 100 No par No par No par preferred Square D Co 5% conv preferred 200 • $4.50 Conv 1,500 6372 (The) Spiegel Inc ,510 Jan 3 4 Jan 107a Jan 17% 5% July 12 54 16% May 73% May Jan 31% 3 20 r Jan 40"% Jan 100 No par 1 No par No par 1 No par Nc per 2 No par $3 conv preferred A 220 113% *113% 30% 30 *62 116 *110 111 3074 62 *11372 116 tr ctfs Spicer Mfg Co 30.900 15% ' 4% Jan 3 5% Jan 26 Feb 14 May 5 22% May 13 36% Jan 26 56% Jan 27 > 6 Jan 3 50% Feb 11 33% Jun 9 110 Jan 28 59 % May 12 111% Apr 19 108 May 17 Sperry Corp 200 • preferred Ohio stk Spencer Kellogg & Sons 100 7.800 , & 23% Jan No par 100 Railway non-cum Sparks Withington 30 f 7.50 f Jan 64% Jan , July 10 . No par Spear & Co $5.5J preferred 600 7 7 *70 287a *441/2 5% Mobile 12,000 7% 8 70 774 317* 1172 7172 62: 50 7272 Natural Gas Co 8% 1 73% July Jan 64 Mar 13 Jun July 11* • Jan 28 Feb 5 Apr 12 Jan 27 3% Jan 9 5 July 19 July 28% Apr 12 :>> 4% July 6 * 33% Aug 3 22% Apr 24 13 % Jan 17 Southern 2,000 ' 25 Edison California Southern Pacific Co 7.800 565/8 643/4 •70 60 117a 263/a 56 643/4 ; - . 28% Jan 10 28% Jan 6 >141 Jan 6 Southern 3.200 19,900 874 • *5974 155/a 30% 25% 267/a 563/4 65 23% 18 ; Greyhound Lines 5 No par preferred 100 Southern 3.600 29% v 8% 10 155 1572 157a 70 v 22 29% 23 12 1 South Porto Rico Sugar 303/4 774 - Southeastern 37% 297a 874 Am Gold St Platinum 37 7272 2874 46 7% 7 South 333/a *8 3174 28% 7 *64% 65 3.300 4% No par Smith (A O) Corp 10 Smith it Corona Typewriter-No par Bocony Vacuum Oil Co Inc 15 4% *70 8 72% *30% *3072 *45 674 ^■m *64 7a 52.600 133/8 20 $1.20 preferred 33% 157a , — Iron & Jan Jan Jan Jan 23 15 Steel Jan ,18% 2 78 % 3 : 14% 6 75% 27 14% 6 4 V 55 May Jan 3 May 16 24% Apr 24 Apr 19 10% Feb 8 36% Apr 24 13% Apr 25 5 Skelly Oil Co 143/4 37% 24 No par Corp 133/4 38 15% *70 72% Oil 143/a 39 1474 153 *774 874 *774 Sinclair 147a 387a 23 ' - No par 14% *27 par No par ' 15% *3674 par par 15 Coalition Mines 39 *2274 par par Simonds Saw & Steel 15% - 13 63"% 12 72 ,'9% 48% par Simmons Co 1474 557a *70 Silver King 385/B 36% ?647a : Oil Union 147a .2674 65 *6472 28.400 Shell 15 74 ' - 600 (Frank G) (W A) Pen Co 3974 29% 55 7* ■ ' 236/a • 2674 26 374 2772 *15 7a 157a 3.900 24% 33 7a 31% 4 7» 31 297a ' Shattuck Sheaffer 14% 13% *151 2974 . 27% K 13% 23% 237a 24 23 3674 *1572 243/4 150 3674 3674 151- 151' $3.50 conv pref ser A 1.700 13% 53 523/4 39 15 *27 37 36% •1374 147a *2274 36% •74 13% 53 39 15 23 3674 ♦2674 $5 conv preferred 75% 757a No No No No No No Sharpe & Dohme 2,100 *35/a 27 7a *38»/a 1574 •/' 247a 12% *27% 33 277a '147# . 39 *38 7a 25 4 32 27% *3 7a - 27 13% *52 12% . 70 75 •74 § 13 Sharon Steel Corp 800 15% 3274 4 327a 27 317a *74- 53 *2474 . 13 1372 * •52 317* *3% 31 *2672 12% 75% ; 137a 137a *52- 247a 153/4 1074 May 15% Dec 63% Mar 6 Sep Oct 77a Apr 130 " 22 May 82 May 32% July 33 12% July Jun 27% Nov 35% Apr 35% July 8% May Monday, August 7, 1944 COMMERCIAL & FINANCIAL CHRONICLE THE 546 RECORD NEW YORK STOCK Range for Previous STOCKS HIGH SALE PRICES Wednesday Aug. 1 Aug. 3 LOW AND Monday Saturday July 31 July 29 t per f per share I per share S per $ per share share I per share share Lowest Shares Highest t per share Par 5% *11% 48% 47% 5% 5% *8% *46% 47% *46% 47% •46 3/4 47% *46% 6% 6% 6% *534 6 '/a 5% 11% *11V8 11% 11% 11 Vs 48% 48% 48% .47*4 5% 5% *5% 57/a 53/4 34% 34% 34% 35 34% 16% 16% 16% 16% 9% 9% 9% 10 *23% 24% 57% *5% 5% *5% 16% 15% 16V4 4,300 Texas Pacific Coal 10 10 10 4,200 Texas Pacific 25% 25% 24% 25% 24 21% 20% 20% 20 24% 20% 2,500 *20% • . •• 5% 50 *49% *49% 112% *5% 53/4 5% 5% *12% 12% *12% 12% 12 42% 42% 43 Va 43 Va 5% 13 *12 13 •42 42% *42 " 42% 3% 3% ■'.7 3% ; 25% 15% 106% 106% 106% 3% 25% 15% 26% 26 26 Va k 43% 5% '4 16% 16 16 Thompson (J R) 25% 26 % 2,900 16 15% 16 5,200 107 107 /. . 440 106 % 106% 29 % 28% 29 28% 28% 29 : 29 % 28% 28% 106% 28% 29% 1.600 51% 51% 51% 51% 51% 51% 51% 51% 51 51% 50% 51 % 1.800 9% 9% 9% 9% 9% 9% 9% 9% 93/8 93/8 29 * • 21% 22% 22% 23% 16% 16% 16% 4% 4% 4% 4% 97 *10% 10% 32%' 31% 32% . 7 4% 96 96% 10% 25 24% 32 105 96% 96% 96% 96% Transue 81 Williams St'l Tri-Continental Corp 963/4 10% 10% 2.000 18% 18 3/g 14.100 13 13% 13 13 13 w 31% *61% 63% 63% 62% 62% 62% *103% 7% 62% 11% 11% 11% UTa 243/4 31% 105% 7% '7% 12 Vs *96% : No par /; 28% No Par y; 100 Twin No par 5% ;• 7 % preferred-.-———100 68% Twin Coach Co—;.—*———u.—. 8% 80 - 97 12% 13 pnferred prior pfd City Rapid Transit 1,500 HI *62 11% 11% ll3/4 *79% *114% *114% *112% 113% 19% 19 3/4 19% 1073/4 1073/4 107% 19% 1073/4 99% 99 % *99 *27% 30% 31% 113% 193/8 19% 108% 109 Va *99 % 100 Va : 1% 1% 35% 35% 15% 15% 104 Va 104 Vs 56 / 10 7% »313% 153/4 79% a>*7W 7% "•v;'V 1153/4 22% 22% *115 'l~ 116 22% 22% 32 32 5% 66% 66% *66 66 3/4 v 24 24 *23% 24% 58 *56 300 " 1% 1% 1% 1% 28.100 35% 35% 3474 1574 5.400 $3 15% 353/4 16 % 35% 16 16 3,800 *1043/8 10434 7% 55% 10% 32 32% 1% < *313/0 400 56 % 140 s 9% 10 % 4.600 31% 313/8 7%1 12 *11% 7% 79 79% 79% 15 36 35 35 1,100 106 *105 106 20 5% 11% ' 105 % 17% 78% 16 3/s 16% 3,400 U S Freight Co 2,900 80 *77% 79 77% *175% 180 *175% 12% 12% 12% *12% 180 12% 12% 1 12% 12% 12% 47 12% 46 46 1,700 " 41 *40 *6% 40% 40 40% v; / *45 23% ; *23% 112 *111 *111 8 8 7% 23% 112% \ ,23% 23% 111 111 " 23%. •23% *111 * 112 8 7% 8 40% 39% 40% 73/8 23% 7% 23% 7% 23% 800 *111 8 7% 70 2,300 7% 23% ' *23 • 40% 7 3% 7% 7 47 41 41 40% , 7 7 *6% 7 *45 47 *46 47 *46 112% 112% 7% 10,400 7% ; :v/ 9% *. 9% 9% 10 35% 36 46% *46 46% *46 40% *39% 40% 36 35% 46% : v 600 10 36% 36% 36% 36% 36% 1,500 46% *46% 46% *46% 46% . *39% ♦39% '40% *38% ' 36 10 *9% 36% 46% 9% *9% 35% 40% *39% 40% *1% 1% 9% 9% . *9% 1% *51% *136% 52 137% 1% 51% 51% 137% 1% P/8 ■ *57 58 57 77 76 58% 57 76 58% 52% 130% 130% 131 ; 131 131 28 *26% 48 *46% 48 3% * 1.100 49% 50% Prior 800 58% 57% 58 57 57 76 76 76 600 58% 59% 573/4 58% *26% 33/4 33% 3% 3% 3% 99% 98% 98% 98% 48 .98% 26% 48 129% 129% 26 48 16% 16 % 5% *36% 5% 38 163/4 *16% 5% *16% 5% 55/8 38% 38 -" *16%: 16 % 5%. 39 *37 *73%' ' *74 168% 75 168% 75 *73% 75 *168% 169 *168% 169 193/4 20 19%' 20% 11% 75 % 98 3% 3% / 163/4 *16% 75 - 163/4 16% 5% *5% 38% 38% *37% 73% 73% 75 169 400 *168% 163/g !; 5% / '■ 39 7 20 20 20% *11% 12 "12 12 11% 19% 20% 19% 19% *46% 47 47 ,47 *47% *118% 119% 13% 13% *46% 48 *80% 83 *83 84% *243/4 25% 4% 4% •118 J19% 113/4 11% 11% 11% 13% 13% 13% 13% 13% 46% *46 83% *80 13% > *83 59 117 117 117 44 *42 44 ♦42 *38 % 38% *35 35 % *120 38% 35 56% 38% 35 *119 *150 *150 44 conv 86% 25 25 % *25 4 4% 4 56% 56% 56 56 55% 117 117 116 3/4 44 *43 44 *38% 39 *38% 383/4 *38% 35% 35% 35% 35 35% 35 119% *120 . 35% ' *150 • ; 47; • No Vick 43 1st 43 650 's 38 3/4 10 1,200 2,100 35% 10 *120 Jan 9% Jan - Dec Mar 26% . Jun 15% July Jan 103% May 30% July 10 23% Dec ,'34% Mat 52 40% Jan July 6 22 10% Jun 23% July 6 15% 18% July 5 11% 1% 5% July 10 98% Jun 69 21 Jan.^ July 25% July ;-:167/8 Apr 4% May Jan. 90 Jan May Jan 9% May 24% July 6% ; 27, 26% July 10 13 25 Jan ,34% July July 21 99 Nov 101 ;33% Jun 106 8% May 102 4% 5 5 May ; Jun 77% Jun 11% Jun 6% Jan 14% July .1.0 Oct 9% Jan 67' Jan 59 July 26 42/ Jan 8 Jan 11% 82% Jun 5 20 x76% Dec 86% May 116% Apr 14 113 Jan Jun 66 13% July t Feb X118 Apr 105% Jan 114% 20% July 6 15% Jan 111% July 7 80% Jan 22% July 102% July 113% May 26 Oct 79% Jan 28% July 20 24% Jan 28% Mar 30% July 11 x24 % Nov 40 / May 106% July 21 93% Jan 32'% July 31 17% Jan 16 Jan July 20 100 117 July 22% July Jun 114 70 % July Jan 26 114% Jun 33% July 6 1 13 109% 55% Jan 21 18% 22% May Jan 11 Jan 1% July 114 17% July 10 17% July 5 105% July 6 9% Jun 17 Jun 35% Sep 7% Jan 15% Sep 94% Dec 96 Dec 2% Jan 9 Jan 66 /July 26 38 Va 5% / Jan 23% Nov Jan 9% 2% 16% Dec Sep 2% Jan 99 Apr 76% Jun 3 Jun 35 60% Mar July 13 2% Jan Jun 2% May Jan ; 11% July 5 33% July 14 62% Jun Jun 69% x26 Jan 1 >37 89 Oct 97 / Dec 157/8 July 20 39% May 105 3 July 28 6% July 12% July 5 Jun Jan 13% May Jan 99 % 9% Jan 19 59 Jan 75% Oct 168 Dec 181% Apr Jan 10% Oct 44% Nov 27 Mar 13 , 180" 13% July 48 5% 5 39% 8% Jun 25% July 28 9 Jan , 108 July 12; July 6 i 37% Jun 27, 47 : 42 , 2% ; July 20 8% July 97/g Jan Jan 42 Jan 44% U Jan 25% Jan 20 54% July 14 Jun 37% May 29% 2$% July 10 Jan y 32 ; Oct 114 Jan 4% Nov , 7% Aitf' 197/« Apr Jan 8% Nov 10 D?c Julj x42% July Jan. 4 13% 3 112% May 31 i Jun 3D May 20 43% July 11 : Apr 4% 17 88 Dec 57/a 84% 5, 105% July 11 21% Feb 29% Dec 100 3% Jan July Jun " 3% May 46% 142% May 18/ 101' Jan >130 61% July 13 46 Jan Sep 62 7 77 64% Jan 47% July 20 63% July 10 : Jan 112 . Dec May Nov 74 59% July Jan ,125 July "Apr Nov 29 ,Tan 50% Aug 1% ^'an 3% July 4% Jun 20 % 27% July 100 3. ; Oct 3 Jun 88 13% 5. Jvn 56 July 25 j 18% July Dec 20% July . Oct July 5 2% Niv 6% July 39% July 3 30 Va Nov 41% July 7 59 Va Jan 75% July 25 150 Jan 6 3y4 Jan 4 31 Jan 4 68 Apr 27 162 8 78 169 Mar20 July Feb ; 165% Nov .5 ± 4 116% Jan 28 12 y4 May 15 , 23% July 4 3 ' 6% 5 .15% Jau 13% July 11 8% Javi 47% July 21 25% Jan 119% Jun 14% July 12 115 Mar 25% July 12% Feb 37% Oct 120 Oct 5 40% Dec 44% Oct ? _5 preferred 4iy2 Jan 25 39% July 24 63y2 Jan 15 70 Feb 11 80 % July 27 51 Jan 65 100 100 Chemical Co non-cum 17% Jan 91/* Jan 37 • Jan ' 85% July 21 57 Feb 67% May 21J/8 Jan 7 25% Aug1 20% Nov 26% Feb Feb 4 9 2% _5 Chemical —No div partic preferred.; par : 100 4 52 117% Aug 100 113y2 Jun 14 100 Feb 17 52 Jun 21 Apr 19 Jan 4 39% Jan 100 38% 37 33 102 120 Jun 100 Virginian. Ry Co. ; 6% preferred ; pfd 149 Feb 14 155 July 100 40 Jan 3 10% Jan 19 26% Apr 1 105% Mar 27 30 _25 25 • 'Vulcan Detinnlng Co Preferred Mar 35% Aug Feb Jan 6% July 39 Jan 68% July 20% Jan 27 Jan 40 29% Jari 35% 27 80 Jan 110 Aug 6 113 Jan 150 NOV 5% Mar 24 62% July Aug 5 2 7 15 4 45~ Oct Oct Sep ' y v/ 56% 56% 56% 56% 11% 12 12 12 29 29 *107 103 *27% 108 29% 108 53% 53% *53% 54% *18 3/s 18% *183/8 18% 8% ' 8% 8% For footnotes see page 8% 547." 56 *11% *28% 56 55% 12 *11% 29% 29% 55% 12 29% *54 12 *29 56 12 293/4 54 11% 54 600 11% 900 29 29 *107 111 53 53 *107 111 54 54 54% 54% 543/8 18% 18% 18%- 183/4 *18% 18 34 9% 83/4 8% ♦18% 8% 9 *107 9 1 111 9% *107 111 400 t V 100 1.500 ' 100 7,700 4 10% May , Jan 12% Jan Mar 25 11 ,20% Jun 50 6%. Jan.. 20% 2.50 Va El & Pow $5 pref. :Va Iron Coal & Coke 5% *150 *150 7 ? July 3 42% par preferred 'Va-Carolina 2.500 55 % 16 30 July 15 34% Feb 1% Jan 94% ' 117 26 % Sep' May 6% May. Jan 8% Jan 8 5 Oct? 49 29 No par Victor Chemical Works. 1.100 3 8 July 9% 33% Jan July 13 • V 5% .7,800 95 Jan 2% 23 100 / 'Vlcks Shreve & Pac Ry 25% Jan 4 4% Jun par 100 Vertientes-Camaguey Sugar Co_6% 600 83 4 No 8 52 48% Feb 5 , Jan 9 29 May 44y3'Apr 26 2% Jan 28 2'% Apr 5 76 Jan 18 •! 14% Jan 4 1 Corp preferred— 7% 1.100 13 y8 Dec xll9% Jan 27 22 * May 18 ~ preferred.' Van Raalte Co Inc 1193/a Oct/ 53% 35 135% July 25 Vanadium Corp of Am Van Norman Co.. 100 14 Jan May 25 ' *120 - 48 Jan -No par vy .... Universal Leaf Tob ? *83% 4% 38% *150 *80% 25% 38% 119% 47 83 *43 117 * *83% 46 *13 117 r 117% • 56% 55% 46 *80% *118% 4% 4% 117 46 83 • *47% 25% 25% 4% 57% 55% *80% 83 25% 25% * 46 47% % *83 4% 48 1193/8 463% / *47% nisva *80% 4 48 1193/8 1163% *43 *47% 48 69 50% Apr 19 * -No par Universal-Cyclops. Steel Corp.. 1 Universal Laboratories Inc 1 $6 Feb 2 :< Feb 7 Jan 13 52'% Feb 50 preferred Stookyards 130 No par Preferred 1.300 *118% 13% 25% 11% *118%. 119% 13% '"*83 r: 81 Mln__ \ 1 40 10 United Stores class A 3.600 11% ♦20 - 100 ! 50 ' 100 - *19% No par' ; i non-cum United 170 ■ ' *168% 35% Apr 18 Co U 8 Tobacco Co... 500 > Preferred 1 2,100 73% 169 Rubber Preferred /" 100 168% 168% 8 U S Smelting Ref f 87/8 Jan 25 30% Apr 19 40% Jan 3 1 U 8 Steel Corp_— 2.700 ' 101 r- 5% 5% 39 *98 : 8% non-cum 1st preferred •• •:706 33/a •3% 98 98 ' ,5% *37 U * , 20 —10 Co Plywood Corp 7% " 98 1 10 Preferred v 33/8 3% 1.900 400 . 26 *47 3% 33/8 3% 3% 26% *47 3% 3% 33/4 3% *98% 130% 130 26% *47. ' 100 i tU S Realty & Irapt 2,1.800 par — U 8 Pipe & Foundry— 800 76 59% : preferred U S Lines Co / 11.500 71373/4 1373/4 76% ,. 1303% 131 26% & 48 . 52% 1373/4 1% 59 59% *3% / 3% 33/8 50% 1373/4 58 131% 46 % 52% 137% No —No par U 8 1% / Leather Co 200 76% 57; ; 26% 26% *46% i .76 58 3% ; *263/8 *33/8 ; 76 59 58% 52% 137% 137% 57 *75% 51% 137% v 137%. 1% 1% 1% No par Partic is conv ol U S 1 U 8 Playing Card " *1% preferred conv 6% 5 July 12 17 4 Jan 3 Mar 28 Jan 10 Jan 4 Jan 7 34 V* Apr 24 5 Jan 19 16% Jan 3 r110 Feb 10 5% Apr 24 20 100 5 50 13% July 287/e July 107% May 29 14% 70 170 ,8ya 42 i No par U S Industrial Chemicals 100 •* 39 % 39 ! preferred 5 %% * ' *46 > 97 y2 Jan U S Hoffman Mach Corp— 40 7% *111 7% 7% 800 1st preferred $6 Jan Nov 28% Jun 7% Feb 10 No par No par U S Gypsum Co " 12% U S &.Foreign Secur— 100 78 79% 180 *175% 3.700 July 7% 16% 4% July 5 May 5 Jan 12 Jun 3 18 13% Mar 6 6 6 Jan 44% Jun 26 1 Jan 41% July 8% 6% July Feb 25 Feb 19 Feb 5 Feb 3 Jan 3 May 6% July Dec 54 7 Feb Jan 9% July 17 6 Jun Jan 3% 33% 9% Jun Jun 8 28% Jan 19 98% Jan 3 4 Feb 9 United Merch & Mfrs lnc—. 1 5 % preferred 100 United Paperboard 10 1/700 17% 17% No par ————13 % W i. 11% 105% 26 V2 75l/4 lr/2 14 —JNo par United Gas Improvement 105% 11 11% 105 % 8 5 Fdy 574 5% 6 11% *105 15 15 14% 6 17% 79% 180 180 180 180 2.900 36 5 Cos— United Engineering & 27,800 1% 1% Coal United Fruit Co—— *105 15 106 1 100 _f Electric 800 • • 85 85 • Preferred United 500 36% , 11% 17 5/s ' 1% 105 105% 17% 17% 16% 163/4 85% 1% 5% 11% 11% *105 105% *105 843/4 *105 5% 5% 32 1% 36% 36 106 5% 5% ■/■- 36 *105 35% 105 - 85% *14%' ♦14% V15 M ,// 15 15 35 ,'. 56% 73/4 *7 % 1% 1% 1% 1% preferred,,. United Dyewood Corp—— 84% 85 84% 84 84 105 47 - Co Drug 10% 10% ... preferred $4.75 300 3 4 5 4 22 Jan 3 lVaJan 3 31% Apr 19 12% Apr 18 95y4Jan 4 6 Feb 5 45% Apr 19 No par No par 5 -No par 56% 56%' 10 ; *1043/j, 1043/4 61 53% July 41% 5 113 102y«Jan 19 20% May 4 110 Mar 23 No par Corporation United 104% > 100 Carbon Co United 1% ' 100 — — preferred—» United-Carr 'Fast Corp—No par " 15 *46 United 200 24 preferred conv ; 13% May 58 25% Jun 100% Feb 24 22% Apr 18 10 United.. Biscuit1 Co.;————No por 700 67 55% 32 *11% 800 26 5 —100; preferred conv 4%% * ■> : —No par United Air Lines Inc *114 nVz 8 7% 31% 79% 17.200 1153/4 5% 900 31% - • 32 180 180 105% 30% *114 104% 104% 10% 11% *104 3/0 32% 16 56 105% 105% No par United Aircraft Corp— 5.200 23% 28 28% - : 353/0 16'/a . 10% 5% 99% 273/4 Jan 9% Feb — 1% 33/4.:// , 16 15% 1043/4 ' ■'■*104% 56 5% *16% 35% 35% t 10% 105 n *23'A 1% 13/8 1% : >104 Va 35% 11% 23% ..'35% * 1% *105 24 28 *r 99 27% ' 84% 35 108% 993/4 31% 22 Va *66% 66 3 4 10% 1 % *14% 663/4 . 10 Va 56% *83% *1043/4 *21% *114 24 ; 67% 1% 2.300 109 105% 115% .115% 22 % 22% 28% 32 % 31% 116 *114 22% 23% 2,400 28% *28 106 *105 *114 23% >7% 28% .28% 28 ,116 *23 40 19% 19% 1093/4 109 113% *113 —No par y/ & Paper Union Carbide & Carb 20 116 >114% 116 "99% 28% *28 28% 28 32 % . 116 • 100% *99% 105% *66% Union Tank Car—* *112% 19% 31% 67% 500 116 113% 19% 105% *66% 79% *114% 5 *114 ♦114 700 76% Union El Co of Mo $5 pfd—No par 113 Preferred $4.50 series No par 109% Union Oil of California 25 18% Union Pacific RR Co. 100 ! ' 93%: ? 4% non-cum preferred 100 92y2 *112% 28 3/a *22% 5,300 113% 105% 115 22% 223/a 79% 116 19% .19% 1073/4 108 V V 31% " 32% 105% 114. 114 , 28 28 28% 105 3/a 79 80 100 28 28 Va Union Bag *112% 116 113% 105% 6.700 *114% 116 113% *27% 80 80 Under Elliott Fisher Co——No par 12 *62 , Jan 24% July 51 % Jan 10 1.100 11% 80 11% Jan Jan Jan Jan 8% 11% July 10 U 62% 12% 62% *62 79% 793/4 79 80 No par $4.50 1,200 7% 1 $1.50 i 200 97 97% 13 " * 12% 6.800 ■ par Rayon Corp Cen Fox Film Corp 20th 8.500 106 No par No Corp Truax-Traer Tubize . 5% Mar 27% July 15 ; Jan 3 43% Apr 24 8y« Jan 13 17 V2 Apr 25 12 V2 Jan 5 3% Feb 4 85 Jan 4 8% Jan 3 15% Mar 1 21 Va Feb 17 1 Jan 19% Mar 16 Jan 11 4% Jan 19 . Apr Jan 3 6% July 25 No par preferred $6 300 31% 24% 24% 24% 13 - ' 31% 96% 13 *96% > 500 7.300 105% 7% *7% 7% '< 105 - 19% 18% 31% 31% - 97 / 6.700 4% *96% . 10% 19 Vs ' *12% 97 223/4 16% 4% ' . 963/4 10% 19 5.400 5 22% 163/8 16% 10% 96 " • " 25 7% 7% *7 ->■ 4% 106 *105 * 7 4% 19 31% - 106 *105 106 22% 16% 23% 16% 4% 10%: 24% 25% ' 24% 25 25 32 *105 • 18% 18%" 23 Vs 16% 96% 10% 17% 17% 22% 4% ' 96 Va 10% y 10% • 17% 97 *96% *96% 9% 16% *16% 4% % ' 9 23 22% *15% 106% 106% 106% Jun 45 35 37% July 14 Apr 19 11% Jun 13 32% Jan 10 2 Jan 4 18% Mar 6 13 Feb 3 100 Va Jan 3 25 — Products — Thornpson-Starrett Co / $3.50 cum preferred Tide Water Associated Oil Thompson 8% 5% Jan J9 Mar 17 12% July 5 50% Jan 10 43 •; No par No par Nt par —10 $4.50 conv preferred No par Tlmken Detroit Axle———; 10 Timken Roller Bearing No par Transamerlca Corp 2 Transcont'l & West Air Inc 5 27 15% ' 100 600 3.600 7 Feb 28 Apr 19 Feb 4 Feb 9 —1-7 600 3% 3% " ■; 4'% 323/4 14% 8% $ per share- 6% July 12 49 17% Jan 4 12% Jan 13 50y4 Feb 4 5% Jan 6 92 Jan 31 preferred 10 Corp.JVo par $3 div conv 8"% Jun Jan 5 Jan 3 Jan 12 Mar 29 / 45% Feb ~ Third Avenue Transit 3% 3% 26% 16 106% • 3% '3% 3% , 26% 15% 25 42% 42% 3% 15% *24% 13 jhermold ...Co., r/..;.; C 12% 43% 5% v.V 50 *49% 50 Preferred: 300 8% 8% preferred $3.60 conv f 100 Nc par No par No par 100 The Fair 40 . & Oil Land Trust Texas & Pacific Ry Co Thatcher Mfg Co 30 ; 300 8% 8% ' *12% •12% y 500 57% *56% *110 112% 8% *8% % ' 8% *8% '110 8% 8% 8% JS1 ;/ *49% 83/4 112% *110 9% 57% 57% 57% 57% *8% 8% 110 8% 5% : 16 10% 57% 8% 25 -No par No par 10 1 10% 21% *56% 51 *49% 51 *49% 2,100 <The) 16% 25 8% 8% 8% 8% Texas Gulf Producing Texas Gulf Sulphur Texas Co 35 % 16% 110 110 *106 110 *106 3,300 7 42 4% 10% ■- 5 35 10% & 9 *8% 9% *8% 6,200 5% 53/4 Corp Tennessee 34% 24% 57% 57 *56 47% Telautograph Corp 343/4 35 *20% 21% 500 35% 16% 35 ——9 50 6 preferred 5%% partic ' 5% 16% 24 24 47% 1 48 10 *20% 20% 20 Vz l.ooo 48 5% 8% 48% 5% 11% 5% 11% 473/4 8% *11% 5% *11% 5% 11 % 8% 6 300 47% 5% 11% *8% Talcott In6 (James)— 8% 47% *8% *46% 8% 47% 8% Highest Lowest f t per share $ per share |T 9 8% *46% ♦8% Year 11)43 Range since January 1 STOCK EXCHANGE the Week Aug. 4 Aug. 3 NEW YORK for Sales Friday Thursday Tuesday Wabash RR W 4%% preferred No par .Waldorf System.. ; Walgreen Co 4V2 % preferred ^ "—No par 100 tWalker (Hiram) G & W Div redeem /Walworth Co preferred. —, No par t —No par i No par 48 Feb 4 17% Jan 12 7% Jan 3 24% Jan 40% 12% July 10 7% Jan 11% May May 25 20% Jan 28 Va 59% Mar 13 109 Dec July Juri 108 July 31 103 Feb 55 July 14 "38% Jan 54% 18% May 26 15% Jan 18% May 27 4% Jan 10 Va Jun 9% Oct Jun - Volume Number 4305 160 THE COMMERCIAL & FINANCIAL CHRONICLE ' •' / ' * ... ' ' NEW YORK STOCK LOW Monday Saturday $ per share 1% 1% *54 $ per 2 *1% 13% 13% 13% 32 32 *24 % 24% *24 24% 18 *17% 18 17% *28% 29% *28 % 29% 29% 9% 9% 23 Va 23 y8 80 80 22% 22% 22% 13% 9% 23% 80 22% 9% *91% 92 105 104% 97% 117% *97% *25% 25% 107% Xl05% *32% 33% 33% *4% 5 *1% 9% 1% 9% *1% 54 2 53 9% Ward Baking Co cl A 1,100 10 *1% 1% 200 Class B 52% >/:; 54 52% 600 $7 No 50 13% 13%. 13% 13% 32% 32y4 32 32%. *24'/4 24% *24% 24% 24% 24% 100 Pipe Washington Gas Lt Co *17% 13 17% 17% 17% 17% 400 Waukesha Motor Co 29% 28% 283/4 29 29 29 29 600 Wayne Pump Co 9% 9% 23 y8 81% *92, 24% 23% 93 93 102% 102% </ 117 25% 24% 24% 24% 24% *24% 105% 33% 105% 105% *105% 107% 107% 33% 33% *33% 34 25 1,400 West Va Pulp & Pap Co preferred— Auto Supply Co Western Maryland Ry 4% »4% 4% 4% 12% 12% *13% 13% 13 12% 12% 12% 12% 600 47% 47% 48% 48 483/4 47% 48% 47% 8.900 27% 27% 27% 28 28 28% 28% 28% 28% 28% 46% 26% 28 3,800 25% 26 26 26% 25% 26% 26% 26% 26% 26% 25% 26% 3,500 103% 2.700 101% 101% 102 101% 102% *132 % 135 133 133 133 133 34 34 36 31% 103 103 113 136 *133 31%' 31% 31% 30% 30% 110% *110% 111 110% 111 110% 110% 250 105% 105% •105 106 1105% 106 106 106 280 *74 76 76 74 74 *71 *102 104 *102 29% 1 75 74 *31 75 102% 104 35 31% 102 3/4 30% 30% 77% 775/a 77% 21% *20% 21% 20% 20% 26% 26% 26% 25% 26 78 *77 % 78 77% 22 *20% 21% *20% 25% 26% 25% 9% 9% .9% *9 8% *8% *81% 83 *29 8% 30 8 -*■ 8% 8% *81% 83 84 *29 30 ..*29 30 *7% 8 , 17% 16% 16% 16% *20% 20% r20% 10% 10% 10% 19% 93 93 93 93% 12%; 12% 16% 20% 12% , 8 *20 *20 20% •20 ?oo 17% 16% 20"" ' 1 57 Jan 109 Jan 2% 5% Jan 6% Apr Jan 11% Apr 37% Oct 49% Oct 22 5 Nov 24% Dec 15% Jan 4 24% May 81 Jan 100 17 120 Jan 136 Jun Jun 24 31 Jan 40 July 22% Nov 29% May 13 32 July 21 110% Aug 4 Mar 85 32% July 10 18 84% July j.4 July 38 29% July 7 11 Apr Jan 99 Oct Jan 24% July Jan 71% July 15 Jan 20 Jan 22% Aug 3% Jan 10% July 2% Jan 5 7% 40r July 12 86 Jun 60 4 13% Mar 23 9% July . 112% July 58% 22 , Jan 86 Jan 27 Jun Oct Apr Oct Aug 9% Apr 3 x20% 5 2% Jan 6% July 20% July 5 2% Jan 9% 24% July Jan 27 5 30 > 3 11% Jan Jan 452 7" Feb 106% 106% July 13 77 July 17 103 May 18 4% Jan 14 " Dec Jun Jan 26 6 Oct Sep 31% 36 x64% Jan 24 —1 16% 110 138 7% Jan 24 5 — Jan 8 7 5 Jan 19 6 'A July 7 24 103 Oct 4 Jan Feb ~ Jan 7 13 Oct Jun 7 Feb Feb 20"" 11% July 10 87% 119 28% July 10 108% Jun 19 18 par " 5 16V4 July 3 53% July 10 3iy4 July 10 Apr 24 /4 20 —1 No preferred— Wilcox Oil & Gas Co 100 Aug 99 * 66% Jan 28 No par Willys-Overland Motors 6% preferred (called) 32,400 20% 85 Jan , No par preferred conv Prior 200 8 *20 23% $4 50 31 Dec Jan 67% 28 20 20% Feb . 1 Rock Min Springs 20 % 50 Va 3 25% Jan No par White Sewing Mach Corp 1,200 / 83 *7% 17% 16% 20% > White 26% July 79% Nov Jan 35% Jun No par" " 105% Jan 12 No par " 10iy2May 26 100 " ' 59 y2 Feb 19 100 " " *97% Jan 3 White Motor Co tl.100 8% 8% 83: 8 200 9 *29 30 *7% 8,300 /;' /"/ 9; 85 30 17% 21% 26% 25% 8% *83 8 8 17% 17% - •8% 84 29% 77% 540 •21 9% 9 .70 4.700 76% 77% 77% preferred preferred Wheeling & Lake Erie Ry 5%% conv preferred Wheeling Steel Corp $5 conv prior pre! White Dental Mfg (The S S) Jan 8% 7 -127% Mar No Par Jan Jan • 32 July 8% July 69 107% July 1 10 " x91 2% Apr 117% Jan 10 22% Jan — 7% 17% 106% July 97% Aug Feb 21 12.50 $4.50 29% 10% July 5 25% Jun 19 83 Apr 5 25% May 31 93 % Aug 3 6 3 3% Jan „_50 50 preferred Instrument $4.25 102% 29 Elec 26 3 41 No par Westvaco Chlorine Prod 50 74 v, 102% 30 29 8% 8% 8% 103% 102% 9 83 29% 8% *8 . *81% : 76 *102% 30 ; 31% 30% 30 9% 31 30O 34% *33% 34% 102% 29% 26% 34% Jan 9 / 7% Jan . No par " partic Weston i% 800 110% 106 *71 *9 1st 110% *105 *33% 17% Jan 100 2nd preferred—100' non-cum Dec 30% July 11 4 Class B„ 30 136 31% 106 26% 102% 135 4% Sep 20% 26% Apr 25 * Western Union Teleg class A_No par 110% 31% 113 *21 103 *133 1,100 34% *105 78 1023/4 4% 4% • 34% *110% 29% 13 / 23 % Jan 1 Westlnghouse El & Mfg *100% *35 43/4 43/4 . 85V2 Jan 10 Westinghouse Air Brake- 5 Jan 100" ; 113% Apr Western 47% 4% 15% 12% No par' ~ 16'A Jan 100 ""*103 Feb 6% 90 1,000 33 33 July 15% July 32% 96% Feb 16 ' 100 May 2% Mar 56 Dec 18% Feb 100" " pfd July 10 Jan 3 Jan 83 Jan Jan 77 par •% 26 May 18 15 22V2 Jan 26 1 West Penn Power 4%% 62 13 22 No pat V. 13 47% . Highest t per share 6 Jan 6% Jan par , Jan 33% Jun 27 24% July 12 19% July 6 No par preferred preferred— 6% 50 107% *106% 34 __No preferred 300 25 24% 107% 33% Eisenlohr 23 4% 25 15 % Apr 1 Indies Sugar Corp 7% 330 "• 117% 117% 117 par 5 West Penn Electric class A—No '80 97 97 No Wesson Oil & Snowdrift; $4 conv par ' 104% 103 97 No West ' *96 Pictures 10.700 24, 93% 117% Webster 300 93% 5 Fdy & 81 23% 97 97 *117 Bros Warren "5.200 1,300 V 23% 23 *80'A 93 103 102% v 81% Warner 600 ... 9% 9% 23% *81 % 32 23% *92 97% 97% 117%' 117% 23% 81% 22% 93 104% 9%M 9 23% 81% 23 = 9% *23 14,200 13% 13 *30 t per share share per 11% Mar 31 2 Apr 3 8 par preferred $ Jan 27 1% Feb 9 45 Jan 27 11% Apr 24 22% Feb 14 22% Apr 25 No par 47% *-12% Year 1943 Lowest Highest $ per share Par Shares $ per share 17% ►103 105% 25 Lowest , 24% 22% 92 *106% Range for Previous Range since January 1 STOCK 13% 9% 117% ; YORK EXCHANGE 32% 23 97% 117% *97% ni? 92 NEW the Week Aug. 4 $ per share 9% *53 % *81 *104% 9% 1% *24% "17% ♦23'/a for Sales Friday Aug. 3 f per share 54 *39 d; 80 Thursday Aug. 2 9% *53% 32% 13% *32 STOCKS Wednesday share 9% 54 *1% 54 55% RECORD PRICES ' 9% 8% SALE Aug. 1 S per share 9% HIGH Tuesday July 31 July 29 *9 AND 547 "" - 6 Jun ' ' 1 *12% 93 72 *75 75 80 • : 33% 22 22 42% 41% 42% 31 31% 71% 71% *22 71 70% 72 *70% 73 •70 75 . *73 77 *73% 74 *72 70 69 *68 33% 33% 33% 4/ 14% ; . ///■ ■; 14% 14% 14% 14% 19% 19 19 19% 14% 19% 38% 38% 39% 39 39% 102% 102% 16% 17 102% 102% 16% 16% 103' *16% ' 38% 17 19% 19% 19 38"% 39 38% 14 103 16J/Z 103% 41% 41% 41% 41% 41% 41% 41% 41% 41% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% and asked prices; no sales on this day. 74 20 700 tin receivership, a Deferred delivery, Transactions aHhe New York Slock Jan 24% July Jan 42% July 16% Jan 47% Jan 5 5 8 73 44% Jan 49 1.900 H ^ 3,600 > (Wm) 2.300 Bonds $2,100,600 s Special sales, 382,000300,000 370,000 $1,916,000 3 3% Jan wd When distributed. 20 14 5 7 28 1944 6% July x-Ex-dividends. * y 4l 1944 Saturday Ex-rights. Foreign Foreign Government Total Corporate $243,000 $20,COO $223,000 : 155,105 519,000 33,000 $4~000 197,595 642,000 39,000 12,000 693,000 213,105 522,000 28,000 1,000 551,000 8,114,000 Thursday 228,985 418,000 6,000 Friday 250,830 551,000 40,000 Tooo 596,000 $35,107,900 1,121,760 $2,875,000 $166,000 $22,000 $3,063,000 7,092,900 1944 1943 1943 1,121,760 1,167,615 • 556,000 424,000 ;' Jan. 1 to Aug. 1944 4 1943 202,248,130 Stocks—No. ot shares < $2,875,000 Domestic $2,073,200 78,974,100 2,242,479,900 41,610,352 51,773,312 - Foreign corporate are the daily closing averages of -Bonds— Utili¬ Rail¬ trials roads 10 65 Indus¬ i ties 146.14 • Total IB Indus¬ Date— : representative stocks and bonds 10 20 Stocks . 10 First Second 10 Grade Grade Utili¬ trials Rails Rails ties Total 40 Bond! 41.32 23.73 52.30 107.41 109-19 80.20 110.24 101.76 146.11 41.29 23.90 I 52.32 107.36 109.21 80.30 110.25 101.78 1— 146.39 41.51 24.14 ; 52.51 107.27 109.34 80.47 110.10 101.80 August 2 146.77 41.62 24.25 -? 52.66 107.20 109.37 80.61 110.14 101.83 August 3 146.29 41.25 24.09 52.39 107.22 109.42 80.17 110.44 101.81 4 145.30 40.80 23.98 52.00 107.30 109.41 80.04 110.39 101.76 July 29-1— July 31August August - - \ 22,000 $3,063,000 TotaL $49,134,700 $1,822,700,000 $2,323,527,200 $3,312,000 $112,174,000 $140,377,000 158,000 166,000 Foreign government ■ -Stocks- 37% July 4% May Wednesday- 39 .■ Jan Jan July July Nov Jun Monday Stock and Bond Averages ■ 2 Jan Jan Tuesday 70,239,500. 1,748,327,300 47,218,100 Below Ur-.'. 19% 5 — 17% 41% 98 16% 4,965,200 $4,133,200 $74,600 1,842,000 $35,107,900 v Jan Jan Bonds 33,103,400 TotaL 31% Sep — 7,% 30 82 9% 6,819,600 1944 . $88,500 & industrial Sep 5,808,600 163,024,570 5,262,830 1,916,000 Government Foreign Railroad Apr Bonds (Par Value) DomestU) Shares) 76,140 Bonds XJ. 8. — 44% July 12 19 Jan. 1 to Aug. 4 1943 4,272,080 70% 21% Jan 17 Week Ended Aug. 4 shares 108 6,000 22,000 18,000 1 • Week Ended Aug. 4 Stocks—No. ot Jan Jun $88,500 244,000 413,000 6,431,600 $33,103,400 78% Dec 58 Va Oct Jun 57% 16,500 4,695,200 5,379,100 4,272,080 Total . Jan 12 25% 54 $26,000 578,880 6,704,900 Week Ended Aug, $2,307,600 797,280 7,792,000 33% Jan (Number of Sales Bonds 746,410 803,650 87Va Mar 14 70 Mar 6 36% July Apr 25 4 15% July Jan 3 v 20% July Apr 24$*"* 42% July Jan 6 /; 104% July Jan 3 17% Jun 1 Bond $207,000 1,114,GOO No par Tofo? Bonds . % Jan 46 Stocks Foreign 231,260 Wednesday Thursday Friday July 14 73% July 34 Transactions at Ike New York Curb Exchange Government and Miscel. Shares Tuesday 100 Zonite Products Corp. sale, 27% 9% 14% 33% 96 13 ' —No par Zenith Radio Corp r Cash / July 444447 5%% preferred series A Youngstown Steel Door 260 69% Jun 58 Apr 26 No par ' ' (Del) Jr Jan 24 Daily, Weekly and Yearly Stocks, 2b Dec 17% 6,300 United States Number of Saturday 121 30% Exchange Railroad 4,^944 Jan 6 Dally, Weekly and Yearly Week Ended Aug. 115 July 31 33% July 17 10 Yale & Towne Mfg. Co— —28 York Corp -1 Young Spring & Wire No par Youngstown Sheet & Tube__No par 13,400 j l Stock, Oct Apr >' 42% July 17 2,700 n New 86% 11% 4 5% 5% .124 19% Apr 27 —10 " (F W) Co 41% 41 July 31 Sep Jan Jan 3 Wrigley 1.400 ? 100 ' * 124 pfd 4%% series 100 ' * pfd 4 %% Conv series—100 / ' Wright Aeronautical —No par / 100 104 4 1041 *16% 16% 16% 41% •Bid 400 36% 14% 19% 39% 35% 14% 35 14% pfd 9 Va Jan 9 57% 20% Jan .' v 34% 4% 14% July 14 Worthington P & M (Del)—No par ~ 4*4-/4:4p4^ /: 33% 34 14% 14% 19% 19% 39% 39% 102% 102% 4 16% 17 33% ■ 5 36% Jan Woolworth 2.200 69 74 *68"% 4 10% Jan Jan 1 3 Prior 10,300 30% 71% 72 80'A Jan 10 " ' 8- Prior 2,100 42 •70 No par " * Woodward Iron Co! 22 <: ■■ 11% July 10 96 July 10 Co Wisconsin El Pow Co 6% 10 30% 71% 72 No par preferred Wilson-Jones 400 41% 69 69 $6 1,200 12% *21% • 73 *68%. 19% 102% 71 93 *123 69% • *68% 4 123 Wilson & Co Inc 12,100 10% 12% 223/8 44 /■/' 32% *91% *70 71 71 69% : 69% 91% *12% 31% 70% 70% *69% 91% 13 41% 31 21% 21%. 41% 30% 70 %; 92 31% 42 30% *70 10% 42 41% *69% 10% .31% 41% 30% 22% 10% *123 *123 41% *21% 13 ■"i. 13 10%- 92 93'A 30% *22 10% 10% *12% 124 124 22%; 10%. J 37,000 6,767,000 669,000 9,410,000 927,000 "$3,507,000 $119,610,000 $150,714,000 THE COMMERCIAL & Bond Record FINANCIAL CHRONICLE New York Stock Exchange «» FRIDAY WEEKLY - YEARLY - the column headed "Interest Period" indicate In each case BOND 8 Last Interest 8. U. Low - —1944-1954 1946-1950 1946-1949 1949-1952 1946-1948 — 1951-1953 _„1955-190O 1945-1947 1948-1951 1951-1954 1956-1959 1958-1963 1960-1965 1945 1948 1949-1953 1950-1952 1952-1954 1956-1958 1962-1967 1963-1968 June 1964-1969 Dec. 1964-1969 Treasury 4s Treasury 3%s 3%S 3%s 3s 3s 27/aS 2%s 2%s 2%s 2%s 2%8 2%s 2%s 2Vis 2'/2s 2Vis 2Vis 2Vis 2Vis 2Vis 2 Vis 2Vis Treasury 2Vis Treasury 2Vis Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury — 2 Vis Treasury Treasury 2'As 2 'As Tre.«ury Treasury 2'As Treasury 2s Treasury 2s Treasury Treasury 2s—, 2s Treasury 2s . • 2s Treasury 2s Treasury Treasury 2s Treasury 2s Treasury 2s - Treasury 2s_— Treasury 2s— Treasury l3As— Loan Corp— — J-D M-S — __ J-D Sigh 110.26 101.12 105.4 MS ' „ MS 102.14 109.12 111.25 111.9 106.18 106.16 M-S *103.28 MS __ J-D 103.30 103.31 *103.19 __ 103.21 103.17 100.17 100.3 7 100 MS US 12 100 100 100.16 100.16 J-D 100.6 100.9 107.4 102.5 *107.12 107.14 100.11 J-D 100.11 100.2 *104.7 MS US J-D MS 101.31 104.8 101.26 101.22 101.13 101.6 *101.12 101.5 100.21 101.1 *100.19 100.20 100.5 100.16 1945-1947 York 109% 109% 102% '104% 105 102 102% ~7 101% 2 101% 103 % 5 10^ % 103% 2 103 Va 3 101% 1961 J-J 3s 1967 J-J 1968 M-N Jan 15 1948 J-J Jan 15 1953 J-J Jan 15 1958 ; 11 100.10 100.12 *105.19 (Rep) A6s 100.12 101.12 Ik- 100.28 *100.25 100.27 A-O fund 6s 1901 1961 Sep 1901 1963 1961 1961 —1962 __1962 1960 M-S 1960 (Hukuang Ry) 5s of 1928 of 1927 external Oct Jan f $ 8 1901 1961 1*1693 1952 Rica r-4 *60 AGtd sink fund 6s 1948 A-O *60 1968 M-S 1945 J-J Akershus (King of Norway) AAntioqula (Dept) AExternal f 4s coll 7s A 7s series B 1945 s f 7s series C 1945 f 7s series D 1945 J-J f s AExternal s 1957 sec s f 7s 2d series 1957 sec 8 f 7s 3rd serles„1957 A-O 7s Antwerp (City) Argentine series 1st 24 external 5s 1958 J-D 1948 M-N 1971 M-N r loan 4s Feb 1972 F-A 8 f extl conv loan 4s Apr _1972 A-O conv loan 8 f extl conv Australia 4 Vis (Commonw'lth) External of 5s External g 4 5s of '25-1955 1927 1957 Vis of 1928 External s External s *22% ■ 85 — W 59% 50% ' —- 5 24% 17 25% 17 25 2 17 25% —' ' 16% 23% 16% 23% 16% 23% 56% 87 ' mm.— 24% 24 - 16 23 23% 8 85 AExternal s $ 96 88 86 88% 146 88% 29 No. 3%s Series No. 2 3%s Series No. 1944— • 93 82% 93 100% 101 60 92 101 100 Va 101 41 92 101 97 97% 102 J-J 102 J-D J-D 62% A-O 60% 1957 1 99% 82% 100% A-0 60% 1952 Series 86 101% >100% 1957 Ry) bonds of 3%s 30 92 97 1955 t 6Vis of 1927. 98% 97 1941 external 8s f 6Vis of 1926 (Central External M-N 60 99% 88 J-D 62 15 97% 100% 2 102 98 88 1 102 102 100 Va 101 102 102% 102'A 102'A 1 61'/2 62% 43 50 64% -59% 60% 38 47% 63 59% 60% 32 47% 62% .61% 62% 15 49% 64'A ■ f ' ! 3 : 57 40 : 58 57% 57% 7 56% 57% 4 56% 57% a 57% 57% 57% 69% 51% 34 41% '■ 34 41% *40% 57% 21 57'A 57% 57 __ • M-N ~ debt 1 80 1 li 57% $ -fi 21 33 103% 108 104% 106% 100% 108% , 112% 4 139% 152 80 77 *106% 4%s 41 % 59% * *75 % •108. v 29% 29% -: 1949 F-A 1977 J-D 1953 J-J 1945 J-D *148% . *110 5 %S series sink 1st A 6s fund 75 86% F-A 87 87 81 v*95'/8 A-O 97 1940 A-O 1961 M-S 1969 (Republic of) part ^ Irish Free State extl A-O ■ ■ M-N 1957 I— ' A-O ;.S80 f 5s s AJugoslavla (State Mtge Bk) 7s \.:mmm' 1952 f 6s series A s 40 *35% 1964 1968 — *90% Jmmmm 16'A — Mendoza (Colombia) 1954 28 16 J-D 1943 (Prov) 4s readjusted Irrigation— A4%s stamped assented A Assented A Mexico to A Assenting Nov. AAssented to Nov. 95% AAssented to AAssented to Nov. A Sec New 5, Nov. 1942, agree 1913 assent—1933 5, 1942, />■•' — ' ' J "J X;'- M-S 1952 Wales J-D 1959 M-N 89% 98 % 11% 11% 10% 11% 9% — T<\ mmmm 40% mmmm " > 9% . 5 40% - *100 18% 16% 10 ■i 32 4 40% v-™ 16% 14% 18% — 40% V: Series No. 4 3%s Series No. 5 3%s Series No. 6 33As Series No. 7 3%s Series No. 8 Series No. 9 *56% External External s : __i s 100 (State)— 1957 5s F-A *98% 1958 f 5s f *57% A-O 98% 99% 99 93% ~9 98% 93 99 — — *58 _ *56% - 33As Series No. 10 Series No. 11 *56% 3%s Series No. 12 3%s Sereis No. 13 33As • mmmm *56% 3%s mm — Series No. No. 15 33As No. 16 3%s Series ._i; *56% Series No. No. 18 No. 19 3%s Series No. 20 3%s Series No. 21 3%s Series No. 22 3%s Series No. 23 3%s Series 33As Series No. Series No. 33As Series No. No. 28 33As Series No. No. footnotes see page , 55% I —— ' . *56% 55% PAUL MARES & fO. ING.< mmmm *56% ; 56 552. — *56% *56% FOREIGN SECURITIES SPECIALISTS 55% ,55% mmmm *56% *56% , 30— For —— *59% •- 29 Series *56% *56% 24 3%s 60 *56% 27 Series 58 ♦56% I 26 33As FIRM TRADING MARKETS *56% 25. 33As —— *56% I SECURITIES —— *56% 17— 3%s Series FOREIGN 58 *56% li'i 3%s Series No. 57 *56% 14 3%s Series For Financial Institutions mm mm 57 I — ; 55% '■ mm 56 ^ 50 Broad Si., New York 4, N. Y. 55% Telephone HAnover 2-0050 mm. mm ' 1 56 56 41% 103 89 *56% 3%s 57% 17 41% 92 5: — 57 3%s - I" 32 X'-PJ'-/ — 10% 14% 13 mmmm 19 9'A - mmmm mmmm. 40% 16% "10% -11% 5?';- 15 17% 14% ;> *17 *103 17 mmmm ■-mm-:'' 40% XT'", ~3 11% * 1959 28% >v:; 4 ■ 17% — f 6%s 7s mm .11% *127/8 MS s 16% 11 %t ■■ . agree 1958 (City) , — mm J-J '■•mmmm (State)— s f 6%s external JU *137/s J-D 19 3 -'I; *17 ■ agree 5, Nov. —— —- agree 1945 series A South 1942, 90 11% . Q-J 1954 external A Montevideo A6s to 1942, 1910 §ATreasury 6s of AAssented 5, -^j Q-J 1943 99 3A 12% 27%kv 88 — 21% 19% 96 jv mmJihhA ;■ agree 1945 1904 AAssentlng 4s of A Sec 1942, 5s of 1899 AAssentlng 4s of Mlnas Geraes 5, extl 5s Of 1899 £ (US) 16% 16 1 16 • M-N •••': 100 15 VA 27% J-D 1954 6%s 38 100 *99% C 98 101% 104% 95 ;; AMedellln A; — 17% 16 : - 18% 13 T'z'iT-'mmmm - 30 — •A.;.' >- mtmm 84 ■X';6 *105 1949 98 <85- -r *98 Government— 97 * iA V~' •-1'. J-D 92 86 Ve i, : 98 J-J —..1949 paid paid 10 (££ i,■/<*' f. A-O 1967 7s 97 84 % 92 ... — 89% 67% v, A-O 1969 78 79% 2 89% 71% 26 M-S " 75 69 1 • 75 f%v 59% ••7 A-O 1940 5%.S: 75 75 85% 76 59% 2 75 A-O J-J 1942 series (Republic) „ 1962' series part 29 1955 French Republic 7s stamped 7s unstamped Haiti A-O __ 105% 104 1942 • ; 36 13 104 % *40% 79% m-N wks ■ 57% 39% M-S loan i 3 30 1949 external - t-V-- 69% 57% 5 68% ; 27% 16 68% 1951 A7s '17% 14% " 49% 7s_.^._ Greek 25% 17 6 24% 25 99 99 US 1955 f 7s s M-S 1949 f 6s JABrazil (U 8 of) AExternal J-J 1950 Belgium external 6Vis A 7s 23 ■ i- "5 r 16% :i •' 16% 15% *40% • Mexican 8 f *22% 23 ' • (National Government)— S f external 4Vis ♦ 24% *24 24 A-O AExternal 24% A-O AExternal A 23% J-J s 24% J-J A External AExternal *65% /■'I' 55 53 . • ? 68 % M-N —1953 1 (Rep of) 1 18 49 49% ■ 18% 18% 15% ' . (Republic of) 5s of 1914 AEstonia 1947 : 17 68% J-D (Colombia)— 6s ~2 16% 15% ■ 15% 17% *26% F-A 5 A 2d '18 17% *__ 15% 18% " 1946 5%s fund "3 • 18% 16 . . — 16% A-O *-1947 External gold 4%s NY 16% 16'/a j-j Sinking fund 7s of 1926 lADorainican Rep Cust Ad 5%s §Alst series 5%s of 1926—; Teletype 10 *16% A-O 1947 AColombla Mtge Bank 6%s 5%s 2d sink 16% *16% - 18% 18% 17 V. „ 16 A-O 1970 bonds (Rep of) 8*ser A_1951 ASlnkIng fund 8s series B 1952 Broadway, New York AGLd *14% ; 19 16 a, IA Denmark 20-year extl 6s External gold 5%s York Stock Exchange 45 17 16 , 19%: f 16% 2 17 v 19% 17% (Republic of)— A 6s Costa 18 18 J-D assented 19 16 v8 *16% > M-S 1951 • : . M-N assented ACzechoslovakia Municipal Agricultural Mtge Bank 19 • 18 18 M-N Customs Admin 5%s 2d series & 20 16% A Public Wertheim & Co. Govt. 17% Sinking fund 5%s Foreign Securities Foreign 6 7 A-O Chinese 19% 19 % II A-O 1961 5, A Chilean Cons Munlc 7s 16 Va 19 J-D A 6s 20 36 18% 17% H' J-D s 19% ■ 18% M-N 1901 a 6s assented 16% M-N 1963 6%s •20 17% 2 16 19% A-O Sinking fund External 120 18% 18% J-D 4%s 2-2300 19 A-O —1962 ,25-year gold 4%s REctor 19 J-D Cuba Telephone 19'A 18% M-S : Sinking fund 7s of 1927 Copenhagen (City) 5s Membert New 16% 18% 18% M-S A - 19% 18 17% 17% 1962 AGuaranteed sink fund 6s A 19 18% 19% j-j Sep 1981 AGuaranteed sink fund 6s A 16% 5 16% 1957 , a 5 17% F-A fe 19% 18 19 Va J-J assented 105% 17% 17% F-A 1901 Jan A63As assented 100.28 108% 113% 76 112% 113% 113% A-O 1961 sinking fund 6s A 6s J-D M-N Peb sinking fund 6s 104% >37 18 1957 3s 1980 23 A6%S: assented Citj Corporate Stock *17 Feb AChlle Mortgage Bank 6%s A 7s lOl.B" M-N 103% 18 Jan f 6s_, assented a 6s 48'A 1900 assented A 6s 106% *36 1942 assented -62 110% J-J 1900 ; sinking fund 6s AExternal J-J 88% 50 1942 1 7s s assented s 102% 102% 103% 103 % 103% 103% 103% 87% 86'A 104% 102 102 86% • 108% 195* Ob External AExtl sinking 105.21 *101.12 101.14 J-D (City) Aassented Transit Unification Issue— 3% 1C9 % 1960 3'As Colombia M New 1 30 100.19 100.9 *100.17 100.19 Home Owners' series 61% •fc.ua 100.17 J-D 61% AExtl 101.9 *101.4 J-D 61% (Dom of) 30-yr 4s A-O A-O 10L8~ 10Tl9 __ • J-J A M-S J-D 1984 external 8 f $ bonds Any external 101.23 US 1. 73% 101.26 * J-D 17 101.31 104.8 *101.21 .... 83% AExternal *101.22 — 79% :v, a 6s assented 104.9 *104.28 104.30 *101.25 101.26 *>w •% .. 83% 100.13 *100.31" 102.1 - J-D M-N A 7s 10~7~9~ 16T.1l MS 39 1973 f 4%-4%s s AExternal sinking fund 6s 107.3 *102.3 ~ J-D 78 73% 100.18 106.9 3 *107.2 J-J 72% A Chile 100.7 100.7 . 72 40 100.6 16 100.4 __ 90 43 81 81 3s 100.5 100.3 100.1 100.3 100.7 J-D 100.6 100 100.5 J-D 104 20 100.6 J-D 3 82% 78% 103.22 100.11 90 78% 81% ACarlsuau *100.12 100.14 __ 90 82% F-A 3> 106.18 107.8 107.21 90 MS 30-year 3s_.. 2%s . *107.6 __ 95 MS 1970 1970 30-year 106.24 *107.19 J-D 100% 95% 1977 f 4%-4%s s 25-year 103.9 106.16 98 92 98% *100% 101 1951 3% 112.6 102.28 99% -92 1 98 98 ' *96 __ ; Canada 111.10 111.7 98 F-A No tProvince oil— stamped External 111.11 111.10 f 5s s Range Since January 1 Low High Sold Biah Refunding s f 4%-4%s__ External read) 4%-4%s A 6s 106.24 109.3 J-D Buenos Aires 103.11 106.24 1950 (City) > External 112.13 111.20 109.19 *106.16 MS Sinking fund gold 6s 111.11 111.4 *111.31112.1 *102.21 102.23 J-D J-J 104.20 *111.23 — J-D 110.19 *111.24 111.26 — J-D 105.18 1957 1958 M-S Sinking fund gold 5s Brisbane Bonds Sale Price Bid & Asked Low 106.9 104.20 102.14 102.14 __ US ' 105.9 110.16 Last Period 102.29 104.21 *106.17 106.19 . J-D 111.23 101.15 *109.17 — MS High 110.29 - __ M-S , Low Week's Range or Friday's Friday Interest New York Stock Exchange January 1 No. — M-S 4 AUGUST ENDING Range Since Sold 104.20 110.18 *104.11 104.13 *111.7 111.9 * 112.13 112.13 112.13 1 J-D J-D --r- 1965-1970 1967-1972 1951-1953 1952-1955 -* 1954-1956 z—1956-1959 1947 Mar 1948-1950 Qec 1948-1950 J.un 1949-1951 Sep 1949-1951 Dec 1949-1951 March 1950-1952 Sept 1950-1952 1951-1953 1951-1955 1952-1954 1953-1955 June 15 1948 ' A-O WEEK BONDS Bonds Friday's "110.24 "101.10 "105.2 *104.18 *110.16 Government 4„„.,^,-I947»195a Treasury or Sale Price Bid & Asked Period FOR Week's Range Friday , Exchange New York Stock the month when the bonda mature. RANGE > 1 Vis srjsrc zzxjz: xxf*" °' sr tt. The italic letters in Monday, August 7, 1944 ' . Teletype N. Y. 1-971 ! Volume 549 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4305 160 NEW YORK BOND RECORD RANGE BONDS Last external sink fund 4%s__ External sink fund 4Vis Municipal Bank extl Oslo tClty» A Stamped 1963 1994 A Peru (Rep of) loan extl A Nat Loan extl f 6s 1st s ;96% T *•. 1961 96% 88 40% 92% 93 Income Sa, 88% A-O / A-O .-.vi — — Members 41% 16% 25 46 19 19 18% " i A-O 97 31% 16% due 1993 17 New Slock York 24'A 133 A4'/28 assented—— • , 1956 f 78 A Stabilization loan s 1947 A-O 1950 1963 -.1961 J-3 3-3 J-D New York 6 Telephone—DIgby 4-4933 1966 gold 8s fv A of) 8s__ 23% 24 31 31 J-J External loan 7 Vis 11 11% ''/■■■/// 42% 43% •: 43 43% 26 31// /:";- 2v'/ Boston & Maine 1st 5s A C 26% 1st ARio A Janeiro de Extl sec (City of) 8s... 8%s____ Rio Grande do Sul A8s extl loan of (State of)-— 1921 44'A !.* 43%; 44% 39% F-A 1946 38Vs . * "50 12 " / 50% 100 Va 103 35 54 . AlVs- 20 ; 29 29 13 34 47 37% 41%-42 • '47% 38%: 39 38% 47% 41% J-D municipal A,7s loan ASao Paulo ___il957 1936 8s (State) 90% 43% 38% 38% 46'/2 46% J-J 1956 '47% >7 assented— A4 Vis • • 3%s-4-4%8 ' : .49%; 38% , ...1947 —_—1950 s B——___1957 Buffalo Gen Elec 4'is B —1981 Buffalo. Niag Elec 3'is series C—1967 Buffalo Rochester & Pgh Ry— • Stamped modified (interest- at :M\ 3% to May 1, 1947) due.. 1^57 15 *23 :^v 11% .,19 ; X -21%" f90: 'L-- ■ •88' ,;'io -' 21% California F-A J-J '1 F-a ;/■■ F-A * 4-4Vir4Vis extl readjustment—1978 3%? extl readjustment j_^-^wi.l984 (City) external 7 s——1958 A Warsaw —1958 A4%8 isaented——r /74t' ■! ".'i s '• /BO^/^76/^v ,/ l ; ; ' y i2,:',/.66%^79-rr / :,62'«S. t4 T., i-, ;ia i. 22vi< 22 % " U ;-/* Elec 3'is_'_____il968 Power gold 5s_._.__I_Oct • . Southern Great Alabama Alabama 1st Power mtge 3 Vis Albany &.Susquehanna RR 3Vis—1946 ,3'is; registered ... A-O 4-n A-O A-O . !1954 Allegheny Corp 3Vis sec conv « Allegnany & West 1st gtd 4s..——199U Allied Stores Corp 4%s debs 1951 Am ...2030 Foreign Pow deb 5s__ conv 5'is ft C -V »J02% / /r 7 105% 106 4'ia___ trust ' 82 *79- 67ry- MM-2' 104 104 93% 105 M-N 93% 92% - 104'/a 105 101 3: Telephone & Telegraph Co.— —___1961 .1966 3s conv debentures 1956 Amer Tobacco Co deb 3s .1962 Am Wat Wks ft Elec 6s series A 1975 debentures * debentures Anglo-Chilean Nitrate deb. —1967 1st gold 4s 1995 Bdge & Term 5s 1964 Armour & Co (Del) 4s B .1955 1st sink fund 4s series C (Del)_1957 7s income debenture 1978 Atchison Topeka ft Santa Fe— General 4s_ 1995 A-O J-D M-S A-O M-N 81 * / ^ / Ark Si Memphis Ry gold Adjustment _1995 1995 ..1955 4s 4s gold 4s of 1909 Conv Conv 4s of 1955 1905 Trans-Con Short L & Air Charlotte ■/*>/; / L / & (Nov 1 O >//'. f Nov M-N J-D J-D #•— ■ 114 106% 1st July 1948 Stamped modified bonds— 1st mtge gold (int at 4% to / Oct 1 1946) due July 1948 ( Ref St gen ser Dec ■ . 1 20 104% 126 90% 174 89% 104 104% 73 8 69 to Dec ser 87 89% 1995 due C 1 1946) 1995 D (int at 1% to Sep 1 1946) due —2000 Ref & gen ser F (int at 1% to Sep 1 1946) due 1990 A Conv due Feb 1 1960 89% 105 S'west Div 1st M to Jan 1 1947) (int at due t 24 > 2 33% 39% 1 104% 105% 37 48 Va 87 159 88% 4s 52% J-D 90% 141 • 52% 281 54% 58% 58% 111 61% Jf-S 52 JJf-8 52 39'/a 40% 266 83% 84% 61 1950 1959 J-J J-J 70% 68% 71% 138 80% 81% 41 73% 94% page 552. ref 88 F-A 88 88% 87% J-J A-O / A-O J-D A-O A-O J-J F-A 41% 59% 46% 41 41% 64% 5s r 1 J-J series 1977 1971 A mtge inc (conv) series 59% 31% 44% 64 84% 87% 87% 57 85 13 74 73% 89 -i 87% , 83 98% 129 101 129 101 "4 1 128 100% 102 / 129% 101 F-A 101% 100% 100% 101 18 100 103% 103% 103% 41 103% 106% 106% 106'A 106% 16 105% 107 3 101% 104 106 106 .1 104% 106% 103% 103% ■ 106 102 132% 11989 11989 1969 138% 106% 109% 15 106'/a *26 26 120 27% 103% 125% 121 Va 26% A-O 26 109 121% *124 125 J-J 106 332 / 106 43 102 38 ^ 30% 21% 286 10513 10532 J-J 35 100% 106 332 MS 106 33 105% 98 37 108 Va 110 110 106'/a 103 103 MM 110 107% 108% F-A 107% 105% 107% 190 84% F-A 108 107% 108'A 137 92% 53% 55 48% 63 V8 125% 128% 83 40 76% 88% 35 47 65% 14 50 83% 34 47% 78% 45 74 J-J 53 53 M-N *127 J-J 82% J-J 56 •' 82 56 57% 75% J-J 73% 69% *65% J-J llVa J-J 11 12% 101 F-A 57% 13% A-O J-J 106% J-.T 65 74% 86 82% 76% 89% 68 76% 89% 88% 42 77% 90% 59% 1.025 914 45% 57% 13% 64% 384 101% 14% 106% 106 s/a 65 68% 1.367 11% : 63 % 17% 107 77% .105% *103 J-J ' 70% 70% 70% 1 69% , 69% 71% 94 1951 J-D J-D ***» 41 M-S 46 M-N 8% 64 81 61% 75% 68 75 43 484 36% 46% 48'/a 114 39% 9'A 69 8% „ 41 46 8% 96% — 90% 84 51% 11% 100 85 —— 83% —/ M-S 14% 69 Va 867/a 87% *103 J-J 14% 101 2 87 86% "86'A 87% - 82 78'% 86% /. 87 148 83% 86 Va 37 i 82% J-J J-J 10 Va • 101 100 78% 83% 10% 41 13% J-J F-A 101 12 13% M-N /. 77% 72 J-J 1951 : 85% 100 ■?. 103% J-J 1st 5s—1960 Income guaranteed 5s Dec 11960 ACertificates of deposit 3 %s /: 97 / 72% " v 108 Va 6 J-J *83 Memphis Div 1st gold 4s 105% '•74/ 147 /■ 3 /' 5 _. *95 Gold 109% 100 96 Va 108 'A *103% J-D Chic T H & Southeastern 5 35% 30'% 104'A ~1; ' — /108 J-D gold 4%s Chicago St L ft New Orleans 5s 26 136 108 .108 1934 1952 1960 1951 AConv 39% > 37% ' 84 :r:v *138% M-N deposit SASecured 4%s series A— 93% 30 42 29% " A-O of 112 28 ' 87%" 90% t. 1988 4s ACertificates f 119 104 10I%101%/ 1st 8ARefunding gold 4s — 32% *107% 109%. A*0 F-A J-J AGeneral 90 J3 ■/-* 34% 23 104% 104%' J-J City & Pacific Div 4s 56 83% 17 105% 105% J-J tChicago ft North Western Ry— 1st & gen mtge 4s ser A ..1989 2nd mtge conv income 4%s 19Q9 Des Plaines Valley Div 4s 1969 tSAChicago Railways 25% part paid „16% r 111% ./ 31 26% 16% 11% 50 .• 91% -91% ' 91'/a 50%/ " '• '' 11989 11989 5s stpd ;—.1927 tChicago Rock Island ft Pacific Ry— 76 56% f 79'/a "37% >11% 26% Mayil 1989 A • 32 . Ill 27% / J-J 4s AGen , 29% 1956 gold 3'/2s series B__May 4%s series C May 4%s series E May 4%s series F May AGen 59 ' 12% ' ' 30% '29% . ' 28 .•"'■ : /: 53% *51 J-J tChic Milw St Paul ft Pac RR— AMtge gold 5s series A 1975 AConv adjustment 5s Jan 1 2000 59 11% , ^;.;;53/..v. ,68% ft Eastern 111 RR— AGen Sioux — J-J debs— 1952 series F_—1959 / Consol mtge 3s series G 1960 Consol mtge 3%s series H 1965 see 78 54% 84% 1956 debentures Consol mtge 3%s 52 123 54% 39'/a 1951 Beth Steel 3'is conv 52 M-JV 1st 3%s 1951 Bell Telephone of Pa 5s series C—_1960 Beneficial Indus Loan 2%s 1950 For footnotes 92 AGen J-D 1951 stamped ft Chicago AGen 89 % F-A Beech Creek Extension 2%s 70% J-D JChicago Milwaukee ft St Paul— - Con ref 4s / 11% '■£ JS-S 1958 Chicago Ind ft Sou 50-year 4s 3%% Aroostook RR— 45. 11% A-O 1949 4s 69 ;103% ;16»^: ,101 Vi 103% 1 ..1949 ; 110%; 107 % 52 7; 12 45 }?S 46'% ' 11% 11% A-O MS 1997 Chicago & Erie 1st gold 5s__ 1982 Chicago Gt West 1st 4s series A—1988 AGen inc mtge 4%8 2038 ^Chicago Ind & Louisville Ry— A Refunding 6s ser A -.1947 ARefunding gold 5s series B—1947 ARefunding 4s series C 1947 A 1st & gen 5s series A 1966 A 1st & gen 0s series B May 1966 104% 42 1951 Toledo Cin Div ref 4s A Bangor & M-N 1949 4s registered A Gen ft 105,»T 36 Ref & gen ser Pgh L E & W Va System— Ref gold 4s extended to Division • ' ; M-N 1949 1st & ref 4%s series B 89% 105 (int at 1%% due 84 A-O .1989 1989 registered 1st 104 36 40% V 105% 111 Ii ';/ l09 "///// 104% " 1946 3%s D__ gold 4s -3%s 107% 105 A-O F-A 1992 1996 1990 1st cons gold 4s Div Illinois 108 % 113 A (int at 1% to 1946) Ref & gen •/' — 117% 16"-/100% •V1' F-A JACLicago ft Alton RR ref 3s 104 105 A 105 A? A-O / 1987 1962 lmpt M 3%s series E 2d consol & Ohio RR— mtge gold 4s registered.^.. Central N Y Power 3%s 119 . :: *63%"7d,:;; J-J Chicago Burlington & Quincy RR— Illinois division 3%s 1949 107 104 V h , J-O .1987 4s 110% 103 87 40% ■ J-J Central Pacific 1st ref gtd gold 4s_1949 R ft A B Baltimore 1961 113 107 ■ J'J - ..1987 ..^1987 registered.. \ 118 "."27; 111% 114 Va "'8 y 109 ... 111% 97 "-64""'//84% /4i64%T(«%': *102% 103% ipiya* J-J '/ *30 gold 5s 2 98 *105/; 107% 64 Va .65%'/ ,/:*!_ 1st gtd 4s ' 110 109 109 A-O Ref & 111% 104% 104% *109;' 112% J-J 109% 106% 95%"* ,/r94% 1946 General J-J J-J M-S 95 104% 1908 gen 4s 109 '/a 109 ■i F-A Nov'1945 '.1 2.1945 JACent New Eng 4s 103% ,112% "112%" gold 5s Ref ft impt mtge 115% 110% —— "7 M-S J-D M-N 1948 1948 1953 107 109 % 'f 111 *112 3s 1st 116 ■••■■ 116% 115% • *115% 115%— , . 109%. 108% '• 106% 9 " , *111'/a M-JV ./ F-A 104% 95% 116% 118%; 116 118%- -" 1962 <i- .. 106% 111 111% 113 *110% ; A-O Z M-N —11955 4s.l^,1948 Chesapeake ft Ohio Ry— General gold 4'/aS ' "x- 2 85% 93 107% 116% M-S Through Short L 1st gtd 4s_.^_il954 Guaranteed gold Ss 1960 118% 124% 109 Va 112 *110 Second mortgage 4s Div 92 112% 16 124% 124% 124% A-O /" 101% y ,17/ •* / 2 ; ••"^24"': ii6% 116% ii6%/ M-S = § A Central RR & Banking 5s stmp.1942 Certain-teed Prod 6%s-A__. U948 70 105% 41 86 > V;..116% 116% :v J-J } Potts Creek Br 1st 4s J-J 3-D Atlantic & Danville Ry 1st 4s 63 105 2 113% 114% 114 110>: 110% 102% 104 J 34 105'A 306 105'/a 105% 1944) Atlantic Refining deb 68% 90% 104 1 76% 5- 105,96 coll gold 4s N 114% 104 105% F-A J-J A-O 1963 unified 4'is A Called 104% 107 2 69 ' ,107% 108% Illinois Light 3%s Central AGeneral 124 103 % 90% r/ii July 1952 1964 Oct 1952 Atlantic Coast General 115% 80 J-D Line mortgage 3Vis 1st cons 4s 1st 367 112 1958 1946 Ry— 1st 4s 1st gold 5s_ Atl Knox & Nor Atlanta 108 —1960 gold 4s of 1910 Conv 107%: 13 121% 122% * Stamped 22 }12 28 98% 7 108% 108% J-J F-A #; ARef & gen 5%s series B ...__1959 A Ref & gen 5s series C_.._._ 1959 AChatt Div pur money gold 4s_H95I 7: 95 104'A 104% 122 Va 104% 29 21 89% 116%' J-J ^ .1950 .1981 *' ... 5s 105 103: 109'A 109% 68% Jan Q-J M-S A Ann Arbor • jACentral of N J K 108% 109% 10^'A : 44%.' 63% 6 104% •108% ,107% . J-J I960 v/ Corp 3%s debs -AMobile , 103%. 106 86%e 69 : . American 3 Vis '*• . tCentral of Georgia Ry— A 1st mtge 5s— ■> 3Vis *' Oelotex Corp 3%s debs. A Cent Branch U P 1st gold ' • 112% 109% 6 88-88% A-O ...__1960 8 A Consol gold 5s 103%. 106% 89 . • • M-8 ' ; 10034 ;ld|% ' '-V 1 107%: 109% 89% 90/ / 89% 100/ % ioi .102%: B8 98% r98% / 10; ' *90" F-A .—1949 Amer I G Chem 104% / 103% 106% 1 f, " : , 107%" ! 103% I Celanese . ;1104% ' 100% , A-O * A-O 107 21% >25%. 26%' *98'/v 98% ,84.. 84% J-D Collateral *; V 68%'" 83% 103- it S»104 J 106 >106% 108av V109% 109% •: J-J 1972 Albany Perfor Wrap Pap 6s .—1948 6s with warrants a8sented_...'.^1948 •? 1 '* ii% ■103% 103%' M-N 3 Vis—1967 / ■ • 95 1 41 A-O A-O " -Canadian Northern Ry deb 6'is-_.l946 Can Pac Ry 4% deb stk perpetual..!/. Carriers Si Gen Corp 5s w W Cart St Adir 1st gtd gold 4s__ ;loo *120* • 102% • 109 ': 59% J-D 't\- 31 3 120 120 i//V83 %V/83 *103%/^ -V J-D J-D MS ; J-D F-A •/ - — 110 J' '-2 '26%-27% A-O Carolina Clinch & Ohio 4s________1963 *—1953 St-:< a Stamped 1953 Adami Express colt tr gold 4s—~___1948 //GoU trust. 4s of 1907__ v ___194? JO-yeandeb 4%s stamped 1948 112% 7 94% 26% ' J-J ^.1955 5s Guaranteed '/• 10/>/20 ' 108 103% 25% Guaranteed gold 5s__i._, J...-1970 ,/ Guaranteed gold 4%Sj.__—l__ig55 % / Guaranteed gold' 4%b—^____.1956 / Guaranteed gold 4'is—_„_ 1__1951, ' and Industrial Companies tAbitihfPower&Pftpet— 5A5s series A plain ■ 104 '/a 25 /w 58% 10214 • ;• ~7 / 111% * 58 63% 110 A'—j < fr\*. 113 111. i-b ..1952 ; tlACarolina Central 1st gtd 4s.__.1949 Railroad 2 - 103% 103% ; 58 <..: • //, / 108% / - -- *109'A* A-O V • ' !22% " ;i".. / 73 :75 - 41% . 101% 101% : .111 Jf-N California-Oregon Power 4s.__._-_j.l966 cons gtd-5s A..21962 Canadian National gold 4 %jj —1957 72 %' V f 73; 3-D r__J._il978 3V-4%-4'A. extl eon v. 101% 103 J-D Canada Southern f7t%*;v71%— ? 94 V 22 1 t- > . 99% 52% 2 v ^ 171% ■72% M-N M-N - 99 83% /- / 7 60 *111 / M-N Bush Term Bldgs 5s gtd..—.....1960 < : Consolidated / . : 100% 100%/; iv^::^'3;;;.y9i-v:ioo%.--Y':; •91"" «ioo%^ < M-N 105 75 102{| 10214 • 101% 17% 11;, ■ \ .. 18% 12 . M-N F-A 92'A 101. V 65 - ' 50% *105% . . Bush Terminal 1st 4s / . V»f 22 1 -- Hioh UuW * '' ; > J-D Ml -M - ; 109% 110 • i . (S bonds of 1937)— » - gold 5s_ JBurlington Cedar Rap St Nor->/ ffAlst & colt 5s— —1934 ACertificates of deposit '*> 42'/a' 33 , ■ 23 *18 ; /: 48% *f-"2r/^30/'440 ,18 ';.;56% ' 68 IB'/; 14*% 39 : ; . 1 65%. r15 15 M-N M-N 4. External readjustment-j—i.rX979 /4 External', eon Torsion i i..il979 - 39%- ' >30 i / . 39 »l'-. J ,15% F-A F-A (Republic) extl 8s^-_^.-1946' A External fiink fund 6s__i --I960 A External sink fund 6s .J_:—1964 A Uruguay ;34 V 42% ■' ;8l% 93%! V .35% 44%' ! 14 12 42y8' 65. •>. —1958 ..1955 * Bydney .(Clty) s f 5Vis— ;42% M-N M-N J-D J-D - - .22 47% 42% J-J A-O extl water loan A 7s $ 38'A M-S /* a 6s extl dollar loan •—__i.l968 1A Secured at 7s_—__ —,1940 Serbs Crokts A Slovenes (Kingdom)-—. a 8s. secured external ^__1962 A 7s series B sec extl 1962 A Silesia (Prov of) extl 7s__ —1958 1- ;,8V • F-A /V 99% 50 • " 92 58% v/58% / • 105 99% / M-N • J-J .1950 A8s external <, 41% .;43% 90'i M-8 M-N M-N (City of Brazil) 8s____1952 A6%s extl secured s f„ IA San Paulo 41% '90'% C J-D .1967 1964 ; / F-A 1st lien & ref 5s series 42% " Banta Fe external sink fund 4s January 1 •' • > 103 " .91 92 M-N ; / /_-• J-J lien & ref 6s series A 1st Debenture f M-N -1968 AO. High >.- 105> 105 • - *101 > A-O 1961 1960 / July 1970 ' 1st 4s ..1955 Bklyn Edison cons M 3%s 1966 Bklyri Union El 1st gold 5s— 1950 Bklyn Union Gas 1st cons gold 5s.l945 44% 40 M-N t A Boston Ac N Y Air L , 30 31 -. 39% 38 Vi A-O 1968 . gold of 1926 A 7s external loan "1" /■*■' 50 • 102'/a 102% 102% - t A6s external sink fund 50 M-N F-A A-O 1952 ..1947 1946 1953 /.. M-S 1955 ..... gold 4%s series JJ mtge 4s series RR AInc mtge 4%s ser A • APrague (City of Greater) 7Vis Queensland (State) extl 6s Low —1967 1st 43% "34. 5s series II 1st M 44% > 36 13 Range Since Sold }■ //V.://'/ '■;// ' 12 . Bonds Period 12% 2 . Last Interest . ' 14 23% Week's Range / or Friday's Friday New York Stock Exchange 26% 32 :-''28"/ - 12 23% 43% "*■'W. : Bell Teletype—NY 1-310 - ~ BONDS :T" 5 60 31 1968 sink fund APorto Alegre (City *31 Va 24 A4Vis assented A External /a' V:'r/ 23% 23% A-O . V *27Va v'vX Exchange Broadway 61 /' • (Rep oil gold 6s fAPoland ,» , 24% - , -v .i. . 105% 39 21 18% ; PFLUGFELDER, BAMPT0N & RUST 94'/a 87 40% *20 19 > . 90 104% 40% . 88 83 91 a 98 94 //■ 2 *104% 3-D 1940 aer 99'/4 96 *92'/2 i M-S 1960 2 90 92% '4. » New York, Lackawanna & Western 100'/2 v98 ■\ *87 ■ *81 M-3 1959 •r M-S ser. f 6s 2d « 96% 1967 external 7s_l A Nat 96% ____1947 (State of) 7s High _ 99 F-A extl s I 5s ser A.1983 ext to . Low 97% J-D A-O M-N M-N J-D 1955 : Ext sec ref 3%» series B APernarabuco 99 97% 1963 assented 5s 3 Vis mod Stamp * 1970 f 5s s fund 4%s sink (Rep) APanama 1965 . January 1 99% M-S A-O 11956 extl loan fund sink 4s Range Since r Sold Vo. High F-A 1944 6s External 4 AUGUST ENDING «■ .Low v Norway Bonds Bale Frlee Bid & Asked Period -■V V • * Week's Range or Friday's Friday ' Interest Stock Exchange York New ■//,>////V/,'/'- WEEK FOR 84 Va 3 64 V8 85 91'A 92 8 72% 92% 75% 9 59% 78% 59 77 75 77% — - COMMERCIAL & FINANCIAL CHRONICLE THE 550 NEW YORK BOND RANGE Friday BONDS Period or Last Interest Stock Exchange New York Week's Range '•v-r Low WEEK BONDS No. Low 1963 1963 19-52 1962 1st & ref 4'As series D 1943 1957 1952 § A Debenture 5s f AChoctaw Ok & Gulf cons 5s Gas & Elec 3'As Cincinnati 1st 1st gtd 3%s . Cleve Cin Chic // 1993 1993 1977 1991 1948 1950 1977 1981 1961 1972 1973 19.7 1945 C gtd 4s 5s inc mtge 1970 Colorado & Southern Ry.— 41/0S (stamped modified) 1980 Columbia G & E deb 5s May 195<s 1st s f 4%s series Coal River Ry 1st ; ■ 1961 extl gold 4s„1948 El 3Vi8 1970 & Tol 1st extl 4s 1955 Columbus ACommercial Mackay Corp— Income deb w w Apr 3'/as 31/28 1954 1956 3%s 1st mtge 3 Mis 1st mtge 3'As Crane Co 2 'As s f debs Crucible Steel 3'As s f debs^ 1st mtge JACuba Northern Ry 1st A Deposit receipts ACuba RR 1st 5s gold : 1 82 2 ---- 107 107'A 107 Extended 49 65 84 101% 1st gold 3s sterling Collateral trust gold lC4'/a 105 99% 100'A 92 75% 148 93 102 95 % 90 Assented A 40-year 4%s 52 64% 103 106'A 19 103% 106'A 109 108'A HO Omaha 113'/a St. Louis Div & Term 110 113'/a — 105 48 149 VA Chic & N'western See 109% 27 113'/a ' 1961 1950 Dul Miss & Iron Range Ry 3V2s—1962 tSADul Sou Shore & Atl gold 5s—1937 Duquesne Light 1st M 3Vis1965 4V2s & Tunnel Detroit Term Chemical deb 2'As Dow cons A Gen Ohio Div 1st mtge 3'As gold 3s deb Flintkote Co 3s debs 5 *53 59% 46% *61% 46 *46 96% 54% Jones ~4 41 58% 62% 52 ' 48 - ~1 100 f' 105% * • 108 103% 103% 245 79% 99% 14 105% 6 — 99'/a 4 <4;; ? 106'A 45 i" 55% 46 56% 4% 4% 5%t« 14 4% 4% 21 4 %'■ f 4% 4% 109% 40"% 86 49% 1 ' | 6% 109'A J-D' " fy 106'A 109'A Food of 109'A 109 »/4 4 105% 106'/8 24 104% 41 J-D •— 31 28 M-N 106% 107'A M-S 101% 101% 98 Ya 33 3 A-O 40 J-J 108'/a 108 54 ^ if 114 108% 37 108% 24% 30 40 107 ' & 114 - 114 •• *106% 96% 96% A-O *95'A ' -VT 110 A M-8 M-N M-N — ■:'/ . — impt 1950 97 "-'v ..;/ 106 % 82% 24 97% 103% 80 102% 102 7/a 10 99% 105% 106% 89 101% 148 64% 82 82 82 3A M-N 1st ' •' ref & 88% 90% 104 74 % 95% 91% 91% 92% 149 77% 96% M-S *4% . 97% 102 100% 103 3 5 5'A 80% 30 587/a 83% 102% J-D - 102% 103 Vs 8 95% 103% 100% 100% 100% 98% 100% 80 J-J A-O 80 2 * A-O 83 83'/a 86 86 69% 86% 87% 15 72% 89% 105% 105% 5 105% 109% 114% 119 85 86% J-J 105% J-J J-J 100% ~7 100% 100% *94% A-O J-J ,1943 1953^ 91% 98 *98% J-J , 51 Vb 69 *68 J-J ■ 2 *118'/a J-J 88 71% 48 J-J i, 72% 24 84% 83% 83 A-O 69 100% 98 90% "5 108% 108% 94% 172% *168 175% 107% 108% 109 *109'/a 107% 110'A 107 107% "7 106'A 108 104 Jf«S Gas Light extd 5s & ref 5%s series C_i & ref 5%s series D ■ ■ 3 *105% .. registered-.., ' 104% 5 102% 105'/a 3% 5% *4% 5'/a ref sink 5s 103 Lehigh 84% 106'/a 4s 103% 103% 7 102 102% 102% 103 3 102 103% 3 117 129% 129% . 42'/2 99% 42% ' 45 42% 43 56% 103 103% 97% 4 5s 104% 28 __ 106% 104% 104% 7 101% 105 28 29 % 18 22% stamped modified registered modified 65 67 9 106% 107 11 48 1 34 97% 104% 28 97 104% 104 *92% 94'/a *80% 83% F-A *79 lit ■' 1 103 __ 3 94% *102'/8 106 106 series Lou & Jeff Bridge Co 0: I 1st & 107% 1st 101% 1st & 105% 111% •• & gtd 4s 83% 80 "1 65 80% 56 69% 64% 80% 176 ■ 63 61% 63% 45 68 68 69% .38 M-N 35% 35% 36% 33 44% 35 35 1 34 43% M-N 39% 39% 40% 101 37 48'/a 37% 37% 17 35% 46% 45 46, 15 42% A-O 70 70% 22 A-O A-O *126 ... M-N " 1962 1950 1949 .1949 ..1949 A F-A M-N A-O M-8 M-S M-S F-A J-J 101A • 5s ref 4%s ioi,v **! . \ 1st & ref 3%s series E A-O A-O 118 117% 118 16 100 118 General 4 Vis series E Unif mtge 4s series B ext Paducah & Mem Div 4s 1977 J-* 110% 110'/a 110% 69 98'/a 110% St Louis Div 163 102% 106% 17 10iy8 103% Unif mtge 3%s series A ext 1960 J-J J-J 1946 1980 1950 122'A 104 106 107 103% 105 »/a 106 % 106 106% is 118% 118% 5 __ , :■ , ~Z 103'/a 104 102% 23 102'A 102% 42 105 105 ICS 102 102 102 1967 J-J 105% 105 105% ... 136 91 105% 104 106'/a 104 106% 118% 120% 102 93% 103% 102% 105% 107% 105 110. 101 101% 102'/a , •? Mob » & South Atl 2d gold 3s Montg 1st gold 4%s Ry joint monon 4s Knox Si : Cine Div 4s 108 18 106% 106% 106% 22 104 105% 106 30 99% 106% 105% 105% 14 94'A 105% 107 106% 107% 105% *103 102% 103% 107% 104'A 106% 106% 6 106'/a 107% F-A 103 Va 103'/a 1 103 104% *98% *103'/a 1952 M-S M-S J-J 1955 M-N *113 ' J-J 101A 106 106% A-O .-.-2003 1 119% V J-J 78 104 3'2 120 *__ A-O 2003 D 124% 1940 57 127'A 106 1 120% 120% 108 M-S 2003 series C series 105% 1948 64% 123'/a *__ 120% M-S 1945 45 A-O 1969 2003 series B ref ref 4s 111% 124'/2 80% 70 Louisville & Nashville RR— 8 106 94% J-J 1966 Elec 3%s 104 3/4 __ 84% 65% ' ' 99% 86 — 79 104 95 71 — 83% 100% 67 86 5 99% 79 1963 1st i , 68% 49% 99% * 1951 (P) Co deb 5s debentures 101% . 35 : F-A .1951 debenture Louisville Gas • 104 94% 2003 2003 2003 2003 : V 32 52 104% 2003 gtd 5s Y 4%s ext 5s 98% 49% 100'A 1974 1954 1950 ,1 & 49% F-A 1974 Long Island unified 4s Guaranteed ref gold 4s 4s stamped 103 % 89% F-A 1964 Long Dock Co 3%s ext to 101% 1 M-S 1954 i Little Miami gen 4s series A 59% 42 4 101'/a 101'A 131 98% 103 Lex & Eastern 100 42% 41 *103 101% 98% 25 99% 102% A-O / Lehigh Valley Terminal Ry ext 5s_1951 1st 50-yr 5s gtd 1965 Liggett & Myers Tobacco 7s 1944 104 '/a 93% 102% 104% 1954 registered-..-. 4%s 5 J-J 1945 Lehigh Valley RR— 4s stamped modified 105% 100% 102% 102% J-J 1964 Term Harbor 102% J-D 1965 ... Valley N 98% 1954 fund 5s stamped Leh Val 98% Dec : ref sink 99 3 99% 1954' A 4%s series C fund 5s stamped & J-D 100 3'a 10 20 100 99% 100 100 ■■'f'-J stamped 5s 99% 99% 98% 100 1975^ Nav s f 4%s sink fund F-A F-A 3%s__.._1997, J. 1997/ mtge income reg 5s 106% 102 —— . Sou gold & Mich A-O ; 1960 44 89 F-A .1959 38 552. J-J JAKreuger & Toll 5s ctfs 117% 119 % 1 1 *101% 105 M-S 124 page 108% 3 F-A ..1950 119% see V: 101% 101% M-S 124 series 105 57'A 107% 107% J-J J-J 33/4S 105 104 .1954 J-J footnotes 105'/a 1952 6%s J-J mtge 66% 103 M-N 1961 1978 For 56 5 .1997 1973 Gen 77 ,1961 1st 97% 103% J-D 1952 mtge 4s series G 64% Koppers Cn 1st mtge 3%s Kresge Foundation 3% notes : ' J-J General 5'/2s series B mtge 4s series H 62% 104 1947 4'/as unguaranteed Kings County El L & P 6s Kings Co Lighting 1st 5s ' J-D General Gen 53% 43'A M-S ^ General 4y2s series D General 51% 14 64 Apr 1950 1st & ref sink fund 5s 100% 106 *106 \ "u J-D 1958 J-J C 43% 1951 5s 1 1st & 150 '/a 101% 102 7/a M-S 1961 5s series 41 1955 Lehigh & New Eng RR 4s A Lehigh & N Y 1st gtd gold 4s Lehigh Valley Coal Co— > 114 106% J-J J-D series 52% 51% 1961 Plain A 1st 107% 148% *101% 102% J-J Northern 4'As 61% 22% 51% 1972 Lautaro Nitrate Co Ltd— 46% 106 *148 M-S 1947 Great 24% 57'A 21% J-J Kansas City Term 1st 4s .1960 Kentucky Central gold 1061 Kentucky & Ind Term 4%s_.X..1961 Stamped 3%s 111 106 *105% 106'A J-D 1934 *> 1956 4'As 1st gtd 5s 16% 51% A-O Fort«Scott & :Mem Ry— iARefunding gtd 4s A Certificates of deposit Kansas City Southern Ry 1st 3s__ 11950 Lake Sh 103 106% J-J f § AGa Caro 1st 106% 47% 21% 1947 1959 Coll * J-J F) * Kanawha & Mich 1st gtd gold 4s_ .1990 3s & Nor 1st ext 6s 111 104% 126 J-J 1944 1st & ref 4s Louisiana & Ark (B 55 211 J-J Clear 1st 4s Lehigh Coal & Berg Co cons 5s 1949 Gen Steel Castings 5'/2s 1949 lAGeorgia & Ala Ry 5s Oct 11945 Goodrich , 1956 Laughlin Steel 3'As, & Lorillard Grays Point Term 110% 9 57 106% 106% A-O 1956 Coll 34 107'A 102 *107 J-J M-N Gas Si Elec of 72'/a 106% 51 42% Machinery Corp 3s debs Sugar coll trust 6s 44 78% 111'A *48% deposit Francisco 103% 111% 109'A J-D J-D Certificates 74 98% *111 ,55 Laclede f 50 18 109% 109% J-J A 52% 2 h A-O M-S 1947 1974 71 JKansas City 101% 12 2015 1959 5s series A 66% K £ 77 tFlorida East Coast 1st 4y2s & ref J-J 53 40 . 55% fAFlorida Cent & Peninsular 5s—1943 A 1st 65% 68'/a 39 15 47 54% 48 57% 1955 James Frankl & 73Va 57% 68 105% 106 48 78% 281 62 38% 53% 106% 106% *103% 6 70% 103'/a 46 100% 100% 97 95% 95 69 *64% A-O IA Iowa Cent Ry 10 *61% — J-J M-S Debentures 5s 47 ♦73 46 99 103% 103% V 66 B_1986 B_T 82% 99 103% 95% 23 102 % 111 101% 102 109% 108% I 112 107% — 1956 78% 67% 80% 94% 69% mtge 3s series F..1961 Ref sink fund 6s series A Int Rys Cent Amer 1st 5s B__ 1st lien & ref 6%s : Int Telep & Teleg deb gold 4%s 111 109'A r6 109% 110 46% J-J 1958 * J-D 51 109% 76% 65 J-J 50 — 91 59% 8 1963 gold 5s series C Internat Hydro El deb 6s : Internat Paper 5s series A & B 109% 72 9 75 J-D A 1st 106 72 73 75 p-A 59% 7 91 72% *95 45 '/a 50% 90% 1950 ser 92% J-J J-J 5 107 *92% 91 1951 . 71% 100% F-A J-J 1963 gold 4s 48% 97 79% 1051 A 1st 59 J-D J-J *74% 105 % *101% 103 J-J 1961 " J-J 103% 5s stamped 3s 1 ^ 1951 4%s Firestone Tire & Rub 148 40 54% —1971 mtge inc 4'/2s series A 1st 4s N Y & Erie RR extl 65% 107% 109% 109% A-O 1962 64 100% 100% 104% 105 53% 1995 M 4s series B 64 109% Railroad Co— 1st F-A 107 55 1965 1965 Empire Gas & Fuel 3'/2s Erie 90 15 53% 1970 stamped 5s 67'A JAintcr-Great Nor 1st 6s series A.1052 AAdjustment 6s series A—July 1952 *108% M-N El Paso & S W 1st 5s 83 38 108 --- 1956 Ed El III (NY) 1st cons gold 5s 1995 Elec Auto-Lite 2'As debs —1950 3'As 60% 84% 102% *105% A-O Elgin Joliet & East Ry 4 34 81% 16 58 79 58 76 81% 102% 104'A 45% 84% M„w Inland Steel 1st 46%. 84% 60% 77 105% ; 62% 78% 77 73 46 76% 11951 series C series 70 78% 76 102% 5s 77 77% J-J 1966 . gold 3s 1st *70% 78 97% 97 64 81 m-N 6 A-O 1948 Ry Minn Nor Div 1st 4s East Tenn Va & Ga Div 1st 5s A-O 1951 & Iowa Cons East *97 1953 tAInd & Louisville 1st gtd 4s 101% 103% F-A 1965 Gen & ref mtge 3y2s series G—1966 Gen & ref 3s series H— 1970 Detroit & Mackinac 1st lien gold 4s 1995 ASecond gold 4s 1995 1st 97% 96% *97% A-O jf.g m-N 103% 102 1953 Gold 3%s Ind 111 1 . Div 101% 100 18 1952 ; „ 1st & ref 4%s 114% 111 X Ry. 117 Ve 102% 102% j-j 1952 111 Cent and Chic St L & N O— Joint 1st ref 5s series A__ 114% 107% , F-A Edison 4s series F— Detroit 116 *100% 1951 . Springfield Div 1st gold 3%$ Western Lines 1st gold 4s_ 162 102% /.j Bridge gold 4s— 1950 1st gold 3s 1951 Louisville Div & Term gold 3%s_1953 .105% 111 20 113% J-J Litchfield Div Plaines Valley Ry— Des 5 116% 116% 34% "2 107 4*0 70'/a 72% Cairo ' J-J 1978 series B—1 ARef & impt 5s 56 27 1955 14 /-J ----- — 105% 127 — 55% 4s 23 $•?: Western RR— 1955 jDenver & Rio Grande A General s f 5s 94 103 69% 66 1951 60% *48'/a A-O *104% 68% 85'A 11 92% 113 49% J-D 138 91% 380 50 M-N 130% 11 138 138 92% 631/2 gold 3%s 104% 107 J-J 1970 1st 104 Ref 3s 98 29 Purchased lines 3%s Collateral trust gold 4s Refunding 5s 102 83 — k- Union Ry 3^8 series B—1965 Hudson 4s extended—1963 Delaware Power & Light 3s 1973 f Denver & Rio Grande RR— | A 1st consol 4s— 1936 4 A Con sol gold 4l/2s 1936 111% 27 Refunding 4s 98% ■ Delaware & 110 61 1st gold 3%s 107 105 ■v- Dayton P & L 1st mtge 88% *110'A 1951 107 J-D Dayton . 98 1951 95 i U 66 27% 1st gold 4s 92'A Deposit i - 59 *97% 61% Indianapolis Union Ry 3%s J-D 83 83 17 100 % F-A 103% 103% —- 89'A A-O 103% 103% 102% 40 1957 Illinois Bell Telep 2%s series A—1981 Illinois Central RR— 107 1 57 f 106 12 *114% 117 *__ 109% J-J 1952 107'A 106 107 113 110 991% 100 103% 106'A 107 *113% 104% 68'% 65 12% ...Feb 1957 108% —- , 106% 5s 1st 5s. A — 110 102% High Low 5 13% 95 '/a 1st gold Gas AAdJ income 5s 104% 105'A A-O J-D J-D receipts A7%s series A extended to 1946 •/: ADeposit receipts-A6* series B extended to 1946 ADeposit receipts ---Curtis Publishing Co 3s deb——...1959 A 92% • 59 110 M-N M-N M-N 1950 1955 1942 5%s 68% c;q 104'/a M-N 1967 1970 1966 mtge 3%s 1st 67% *101% 95 & J-J J965 : Co Si Manhattan 92'/a Power Co— mtge 3V2s M-N Hudson Hudson 77 99 3A J-J ; 1949 stpd f 5s series A s 81% J-J 1955 4s ADebenture Consumers 1st 104'/8 J-D 4s A Debenture J-D 1st 105'/a ^ ■ 105% 106 deb 4s tAConsol Ry non-conv 1962 Coal 57% 100 1951 Consolidated Oil conv deb Hudson 100 53% 142 3%s debentures M-N 99% .142'A 1956 1958 M-N 1954 107 106'A A-O A-O J-J debentures— 1937 January 1 No. H 12 ■ J-D J-J J-J F-A J-J • J-J 249 72 May Commonwealth Edison Co— 1st mtge 3%s series I 1968 Conv debs 3V2s 1958 Conn Ry & L 1st & ref 4%s 1951 Conn River Power s f 3%sA 1961 Consolidated Cigar 3'As s. f. debs.1953 Consolidated Edison of New York— 3>/2s debentures 1948 1999 •107 A-O M-S F-A 11969 88% *108 J-J Debenture 5s Hocking Valley Ry 1st 4%s *§AHousatonic Ry cons gold 5s Houston Oil 4'As debs I • 108% 108 % M-N Columbus & Sou Ohio Af-N 92% M-N Columbus & H V 1st 1969 74% y 67% M-N F-A F-A J-J A-O A-O A-O A-O J-D A-O Colo Fuel & Iron 111 112% 112% 23 J-J M 5s 111% 106% 112% J-J 1952 ref Term & 109% 110 ' High 72 108% 2 *109 72 J-J J-J M-N J-J 1990 1970, 4^''. " 99% 100 100 59% " V 2015 mtge inc 5s series A 99% Sold *68 13'A Gulf States Util 3%* series D 82% *111 — J-D 4Vis series E Cin Wab & M DiV 1st 4s St L Div 1st coll tr gold 4s Cleveland Elec Ilium 3s Cleveland & Pittsburgh RR— Series C 3%s gtd Series D 3%s gtd General 4%s series A Gen & ref 4%s series B Cleve Short Line 1st gtd 4y2s Cleve Union Term gtd 5%s 1st s f 5s series B gtd Ret Si impt 53 *106 J-D General 5s series B 50 ■ Feb . J-J 1st 76 69% — Range Since Bonds Gulf & Ship Island RR— 82 110% B ^ 1975 A Gen 109 108 55 109% 109% ctfs Feb Gulf Mobile & Ohio 4s series B 3 *_. & West deb ctfs A A Debentures 108 104 Week's Range or Friday's Low 03^ 75 *__ 109% w General gold 4s I-* I-* 0 104% ;f Z12 Last Sale Price Bid & Asked High 75 75 Friday Interest Exchange Period 75 J-D A.-N F-A E & St Louis Ry— mtge gtd 3%s series 1st vL* 102'/a ^ 14 108 % 109 107% 107% F-A 1967 D—1971 1969 3%s mtge 14 106% 106% 106% A-O A-O M-N 1966 t§ AChilds Co deb 5s Cin Union Term M-S h-* O CO 14 108% 109 109 J-J J-J J-J Stock January 1 AGreen Bay Chicago Union Station— 1st, mtge 3%s series E 1st mtge 3VeS series F Chic & West Indiana com 4s 4 New York Range Since Sold Asked Utah ' RECORD AUGUST ENDING ■' Bonds Friday's Sale Price Bid & FOR Monday, August 7, 1944 1945 ;'r 94% — 98% 103 %_ 404 — 304% 104% 41 10V% 105J 112 113 YORK BOND RECORD NEW Friday BONDS AUGUST 4 Last Period Sale Price or Friday's Low Sold High New York Range Since Bonds Bid & Asked Low §A2d M Gen mtge 4%s series A 1960 Manati Sugar 4s sink fund__Feb 11957 A Manila RR (Southern Lines) Steam Shovel Marion f s 98 44 90% 65 Vi 65'/2 66 15 52 71% m-n 75 75 76 Vi 29 68% m-s m-n a-o 83 >101% A-O Stamped N Y Telephone 3Vis 101 V4 102% 101% -J 102 Vi 102 1021/4 1945 Metrop Wat Sew & Drain 5%s Side West El 100 (Chic) a-o a-o 100 F-A *15% m-s *99 m-n 104 4s__1938 A-O 1st 1951 gold 3Vis 1952 Ref & impt 4 Vis series ..1979 Michigan Cons Gas 1st mtge 3%s_1969 {§AMidland of N J 1st ext 5s 1940 {§ AMilw & Northern 1st ext 4%s__1939 . 16 19% 'v. J- J 90% 107 % 107'i 27 107Vi J-D 871/4 87 87 97 17 751/4 90% 1949 m-s 11 % 50-yr 5s series A 1962 {Minn Ct Paul & Sault Ste Marie \ Q-F *43/4 A ref & Ref & gold 4s ext 1938 1938 J-J 1978 1959 1990 5s ref 5Vis series B Alst & 1st 5s { A Missouri-Illinois RR 1st 4s Mo Kansas & Texas 46% j -j 46% J -J 46% 26 29% 47% 8 30% 46 J-J consol 46% "35 29% 6 3/8 6% / y , 30. *1013/8 J-D 69% 68 68 Vi 81 Ohio Edison 64% It 13 71% 72 53 1962 J-J 583/4 59 11 533/4 64% Oregon RR 1978 J-J 62 Va 62% 13 57 69% Ore .86 40-year 4s series B Prior lien 4Vis series D *•; 57% 47 47 49'i 152 r- a 66 66 67Vi 129 56% m-s 26% 26V2 281% 650 22% < m-s 64 Vi 64% 67 Vi 667 56% 73 m-n 64 64 67% 306 56% 1949 1980 I——..—1981 11% 11% 12% 111 9V« 13% A-O 64% 64 671/2 356 56% 72% gold 4s—1991 Monongahela Ry 3 Vis series B__—1966 Monongahela W Penn Pub Serv— m-s 70% 66 61% 84 220 80% 98% 88 , 95% 96 Vi 83% 83% 6 67% 82% 83% 24 67% 108% 26 100% 100% 9 100% 100% 110% 111 8 110% 112% !'/ F-A 108 108% 88 F-A m-s 108 ___1965 110% 99 15% 20% 21 104'/a 106% 106'/a 106'/a 9 106'/a 108 110% 111 9 108 % 111% 108'/a 109 15 104% 110% 20% m-n 104% m-S 1972 J-J 110% 1966 J-D 109 1945 1st 5s 20% 104'/a 104 % J-J M-N 1946 1946 .J946 J-D ..1961 & Nav con gold 4s Short Line 1st cons gold 5s 103 3/4 *103% 104 104 104 "'7 ,■ 104 104 105% 106% 108 % 1 J-J 106% 106% *106% 106% 108% J-J *106% 106% 33 106% 110% 107% 108% 17 107% 1103/4 1093/4 1101/4 67 109% 111'i 13 110 111% 15 104% 106 108 110 J-J > 72% m-n 98% , 51 30 1977 1978 66 53 72% ——1975 78% 82% 3%s_.. Transmission Ontario A-O 174 62% 77% 1967 Elec & Gas J-J j 83% mtge 3%s_ 1962 series A 97 66% 95% J-J mtge 4s 1st Oklahoma Missouri-Kansas-Texas RR— Prior lien 5s 98% 76% Q-A .2047 88% 97% 64 % 65 ■/. J-J :_2047 92% *60% 98% > 103% 171 102% 103 % J-J ; 1st mtge 4s 1st 56% ,71% 60 129 *120 103 2047 series D 133 121% J-J impt 6s series B 129 125 Q-J {Ogdensburg & Lake Champlain Ry— § Alst guaranteed 4s__ _1948 105 100 48 O 46% 73% 80% 80 47V4 40 116 48'/4 I: 7y8 5 89% 37% *129 47% 46 J-J § A 1st 5% 46 J -J §Alst stamped 5s gtd as to int__1938 Alst & ref 6s series A_.. : 1946 § Alst cons 4s stamped 3% 6 82% 10 *131% Q-F > (Minn) 1st & ref mtge 3%8.. .1907 1st mtge 2%s_—1974 (Wise) 1st mtge 3Vis 1964 12 7% 10 11% 15 39% O-A __2047 impt 5s series C 88 37% Northern- States Power Co— . ' 87 *33 Q-J 2047 ' impt 4%s series A & 110% 87 m-s 1974 .1997 Ref & impt 5s 109% 108 Vi m-s ■ 1974 series A Ref . 103% 24 31 108% F-A registered & 18% 159 *108% 110 A-O 5s Ref & {Minneapolis & St Louis RR— A 1st 4s Ref 71 55 69% 102% 103% 4%s 111 *109% __ J-J 2014 & ref jV 3s registered .. 107% 106% ' A-O J-D 1998 _1961 Gen lien ry &'ld gold 3s____Jan 2047 ;? 94 73 33 ref & Gen 105% 102% Central gen 14 95 109% - A Northern Pacific Ry prior lien 4s__-1997 97 95 "2 104 89% M-S 1939 ASConsol ext 4 Vis 1001/4 , Ry Co—• series North 100% — 4 %s mtge 5s conv inc {§ANorfolk Southern RR 5s A : Sag 3 Vis 1st • Southern mtge 21 9% 24% 22% 22% , ' 50% 87 *109% 109% __ m-s - Norfolk & Western Ry 1st gold 4S.1996 92 100Vi ' V J-J • 111% 109% 1091/2 HOi/2 • Jack Lans & J-J 1955 - Mtcmgan Central—■ 1967 106 105 ►105% 106 MS . 1943 95 series B High 34 10% *__ 1966 Norfolk 100% 96% 100 1950 Metrop Ed 1st 4%s series D t§AMet q-a 1955 1960 McCrory Stores deb 3% *__ m-n 1946 >• Low 4 20 F-A - {§AN Y West & Bost 1st 4%s A Gen ext 5s *17% 1940 •Niag Lock & Ont Pow 1st 5s A ._ Market Street Railway— (Stamped mod) 5s January 1 15 i gold - .. F-A Niagara Falls Power 3Vis_-_^ *40y8 1947 bs ; *581/8 1959 4s 47% i 4Vis 1st gold 5s 99 1953 AManila Elec RR & Lt s f 5s gold ATerminal 97 Vi J-D v -47% 1937 1937 5 A General 98 J-J Range Since Sold No. High High J-D Bonds Friday's Low * 1945 or Sale Price Bid & Asked Period {SAN Y Susq & W 1st ref 5s Maine Central RR 4s series A Last Interest Stock Exchange January 1 No. Week's Range Friday BONDS Week's Range Interest Exchange Stock York ENDING WEEK FOR RANGE New 551 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4305 .Volume 160 ACum adjust series A—Jan 196' 5s A General 4s , Alst & & ref 1965 ref 5s series F Alst AConv . G series 5s gold 5Vis ref gold 5s series H Alst & A 1st & ref 5s series F-A Moh'k & Malone 1st gtd mtge 4Vis Montana 1st & ref 3%s Power Montreal ext 5s Tramways 1958 2000 (John) & Co 3s debs Morris & Essex 1st gtd 3 Vis M 5s Constr M 4 Vis series B Mountain States T & T 3 Fuel Gas 1st gtd 5s Mutual < 56 Vi 462 1041/4 4 108% 111 17 105% 109 IO71/2 108 107% *__ J-D 56% m-n 63% m-n 943i 100 % 99 48% 63% 64% 36 47% m-s ,.1949 3Vis sinking fund debentures—-1949 Steel 1st mtge 3s 1965 1945 1945 1952 1961 England RR gtd 5s {ANew A 1948 Consol Gas cons 5s__„ Newark Consol gtd 4s England Tel & Tel 5s A New 1st gtd 4Vis series B gtd 1st 4s 1st gtd 4s Orleans Term New 1355 1953 series B ref 5s & {New Orleans Texas & Alst A A Certificates A Certificates 101% J-D 110 ; | j A Certificates 103% 104 1 113% 116 92% 3 91% 3 .91% v 84 84% 126 84% 102% 96 1954 deposit of 69 62 6^ 39 81% 65 71% 80 12 72 82% 80 5 72 71% 82% 81 69 80 68% 78 76 77% 19 Bridge Co— Newport & Cincinnati General gtd 4Vis 83% 82 1945 73% J-J F-A 73 73 74% 173 59 68% 68% 69% 368 56% A-O 74% 74% 75% 195 63 99% 99% 100 165 87 Y Cent J-J 95% 95 96 45 83% 96% 1997 90% 90% 1 78% 91% 79 Vi 85 secured 3 % s Conv & Hud River 3 Vis registered Lake Shore coll gold 3Vis 3 Vis registered Mich Cent coll gold 3 Vis 3Vis registered New York Chicago & St Louis— N Ref Ref 1st N Y 5 Vis series 1974 1978 series A 4 Vis 1998 1998 1998 1998 C 1947 1965 7951 1965 1966 extended to Connecting RR 3 Vis A mtge 3Vis gold 4s N Y Edison 3Vis series D 1st lien & ref 3 Vis series E N Y & Erie—See Erie RR N Y Gas El Lt H & Pow gold 5s—1948 Purchase money gold 4s 1949 n Y & Harlem gold 3Vis 2000 N Y Dock 1st —2043 2043 Mtge 4s series A Mtge 4s series B n Y Lack & West 4s series A 4Vis series b {N Y New Haven & Hartford ANon-conv deb 4s 1973 1973 RR— 73% 106% m-s 98% A-O A-O 4s deb § ACollateral trust . 6s 1957 ref 4Vis series of 1927—1967 ADebenture 4s 63 106% 98% 95% 133 208 98% 87 101% 102% 105 78% 96% 109% 9 106% 109% 109% 110% 4 108% 110% 109 109 *114 114 *104 % 102 *104 % 107 101% 105% 78% 79 8 71 \ 831/4 87 87 3 77 89% m-n M-n 87 49 49% *44 46 50% 8 45 % 48% 37 45% 48% 48% 18 46% 49 48% 49% 42 46 3/a 47% 47% 49 9 45% 51% 52% 50% 64 a-o 87% 87% 88 82 94 m-n 23 23 24% 42 16 3/0 313/4 J-D 50% 50% 51% 587 48% 63% " 187 - 48 m-s J-D N Y Queens El 1§65 m-n N Y Rvs 1958 1963 J-J Putnam 1st cons gtd 4s Lt & Pow 3%s prior lien 6s stamp N Y Steam Corp For 1st 3Vis footnotes see page 552. A-O J-J 107 107 102% 2 16 16 17% 51/4 20 65% 66% 22 110% «... 9% 177 4% 66% 18% 111% 105 % 108 *106% 107% 106% 61 99% 104% 110% 112% . 109 ' 75 76% 58 55% 42% 42% 44% 62 """23% 53 1 105% 107 64 9534 1956 100% 101% 1950 J-J B— 1962 ' 82 -j 131 132 2 121 125% 108% 108 3/a 11 105% 107% 107% . 125% 125% 25 107% 1113/4 102% 102% 2 102% 104 102% 109% " I,! 38% 129 72% 65% 153/4 F-A 104% 1053/4 15 104% 106% 16% 23 7% 14 8 6% 17% 146 100% 1013/8 103% 104 101 101% m-n 17% 8 13% 105% 197 15% M-N 28% 105% 105'/a 65% 27% 66 27% 1043/4 1043/4 J-J m-s *104 1013/a .. 104 F-A 31 19% 104% J-D *112 112% 112% m-n *112% 112 113% F-A *113% 1133/a 115 f-a *122 122% 123% m-n *123% 123 123 % 125 122% 121% 122% a-o 1233/a / 116% 122% 1 116 1233/a 106% 107'/a 32 J-D 1233/a 1233/a' J-J 1063/4 •106% 107 9 m-s 103% 103% 104 2 102 105 104% 105 8 102% 105 3/a 105 J-D 104 % IOP/4 59% 7 58% 4 58 1962 1974 .F-A 197' 1964 1960 1950 1960 J-D 1977 f-a 1951 1957 1956 J-J m-s *101% 1968 1972 J-J *106 2037 1st & ref mtge 8s T—*—2037 Public Service of Nor 111 3%s 1968 J-J *148% J-D *222% gen 5s series B 5s series C 4'is series D Co 5% inc Gen Elec deb 1st 4%s El Pwr 1st M 3%s mortgage 3'As Pressed Steel Car deb 5s 1st {AProvidence Securities 4s_ {AProvidence Terminal 4s 1st -1st f 97 107 103% 4 1st 4 %s series A Public Service El & Gas 3'As ? 96 : 5 108 % J-D M-s .1964 1013/4 87% 111 *131 J-J guaranteed 3%s gtd gold 4s guaranteed gold 4s guaranteed cons guaranteed 4s 7 94% 81 125% * J-J-1 1963 4s 94% 92 % 105% 106 t J-J 1937 1st s f 4s of deposit 106 94% 93% J-D 1958 & & ref mtge 3s. ref mtge • 5s 103 3/4 104% J-D 783/8 A-O J-D ./ 78 3/a 83% 83 83 107% *121 107% 121% . 121% J-D 94% 93 22 .86 m-s 1043/4 104% 105 18 '99% 105% J-J 103 103 104 3 1013/0 105% 109 109 1 108 3/4 109'i 113% 113% 100 % 103 J-J J-J 923/4 93 V \.T WSU *113% 102 m-n I 22% m-n A-O ■m - — 16 101% 102 22% • 107% 107% —— *106 98% — .. 108-- 17 19 23% • 30% 100 % 110 w—• 3,! 110% 106 % 107% 147% 147% 224 — 108 /■ 224% 108 111% • — : R 5% 110 103% 104% *110% 75% a-o 69% *106% 108 — — 4 103% m-s 3 Potomac 107 52 a-o 79 gen '» ; . 107 J-J 1153/4 J-J 1st 5s extended to 593/4 51% 115% 1053/4 79% ' 1st 61 m-n 47% 106 25 79 rortland 61 J-J 88 59 78% Pittston 59% 49 a-o 104'/8 102 3/4 103% 113% 115% 114% 1153/4 A-O 1st 60 47% m-s 97 103% 115% J-D V ,1st 60% 125 115% 1st mtge 4'is 103 J-J 1955 1993 N Y & 4s 105% J-J 123% 107% V series B— 1959 1st mtge 4Vis series C : 1960 Pitts Young Si Ash 1st 4s ser A—1948 111 104 ! 115% 106 debentures Pitts & W Va 115% 1093/a 117% *105% 1992 4s 108% 139 *110% 111% 1954 1st 99 102% 96 Vi m-n m-n AGeneral 106% 12 {AHarlem River & Port Chester— {AN Y Ont & West ref gold 4s 73% 116% 13 98% A-O 1945 Series E 1949 Seriis F 1953 Series G 1957 Series H 1960 Series I cons 4'is 1963 Series J cons guaranteed 4%s__1964 Gen mtge 5s series A 1970 Gen mtge 5s series B 1975 Gen 4Vis series C 1977 Pitts Coke & Iron conv 4%s A 1952 Pitts Steel 1st mtge 4%s 1950 1st mtge 4 %s series B 1950 79% 109 F-a Phillips Petroleum 2%s debs 84 70 1213/4 123 % MS D 121 a-o 1967 1971 Series 1 115 'i 116% 123% Pittsburgh Cmc Chi & St Louis— 78% 62% 30 72% F-A 1940 4s deb 74 95% 96 3-D J-J deb ANon-conv 69% 65 108% 108% a-o 1948 ANon-conv 106 =■101 A-O F-a 73% *68% a-o 6s 3Vis 77% 77"% F-A certificates 3 Vis 3 Vis & F-A J-J deb deb Alst 78% F-A m-s ANon-conv AConv F-A 1947 1947 1954 1955 1956 1956 ANon-conv ADebenture J-J 116% * • 1 118 Apr {§APhilippine Ry 100 108 108% 108% 106% 1073/a 106% F-A ACertificates 109% IO93/4 123% 123% M-N F-A 1974 1977 1961 3s 109% 108 1974 i series 5s 1083/4 1063/4 *108% Apr 1990 1 Philip Morris Ltd deb 3s 81% m-n M-N J-D {Philadelphia & Reading Coal— A ref 5s stamped :—1973 •AConv deb 6s_ 1949 74% 2013 1952 1997 107% 108%'110% 1952 gold 4Vis series C. Philadelphia Co coll tr 4'As Phila Electric 1st & ref 3%s /1st & ref mtge 2%s . 78% A-O impt 4Vis series A Kef & JmDt 5s series C & 108% MS *100 1998 2013 Central RR 4s series A Y Ref F-a llOVV6 ' *21 ":T 14 108 % If 109% 109% 105% 3 108%." 108 3/4 108%*"? 109% 106 1093/a '• 1984 General 85% 3Vis N * v* __ ; 1947 1960 Pekin Union Ry 5%s General 87 74 29 83 — / F-a J-D .1970 3981 ; series B J-J gold 4Vis series C 1980 Phelps Dodge conv 3Vis deb 1952 Phila Bait & Wash 1st gold 4s— 84% 80 4s *109% 107% 105 ; ' J-J :1968 Marquette 1st series A 5s 1st II *10* A-O 1st 70% 79 82 Pere & II 1 ,1965 A__ gold 4 %s__ 4s_„ A Income Peoria 75 71% 69 *__ a-o 116% 113% -- 10511 1970 .I960 Peoples Gas L & C ref 5s Peoria & Eastern 4s ext 104 102% 102% May 11948 B_ series 3Vis deb Conv 105 J-D series _____1948 mtge 4 Vis series E Gen 104% hi 1969 .........1974 3Vis General 4 Vis series DJ 84% 101% 101 5s Debenture 117% 124%. 4%s General 93% 114% 122% 4s General 95% 117% ctfs D Pennsylvania RR—• Ccnsol gold 4s '—... 4s sterl stpd dollar. Gen mtge 3%s series C Cons sinking fund 4%s 107% 4 76% ctfs debentures 4 Vis 105% 99% deposit 5Vis series A Alst 102 % 103% 1 103% 101 u 101 F-A f gold 3s loan s Power & Light Penna iu 93 '82 105% 107% 72 81 1956 100 109% M 9674) 85% 108 79% D of 60 Broadway Corp— 109'/a 109'/a 1 deposit of 4Vis series Alst "100 106 105% F-A A-O 80 5 M-N 1st 102% F-a 104 103 110 104 1963 93% 1950 1103A 106 *103 1952 1 deposit of C series 5s 108 3i 15 Gtd 4s series E trust ctfs 101 1954 B series 5s Certificates Alst 100 ; 110% 110% 106% Secured J-J 79 104 Paramount 103 a-o m-n ! 65 94% 69 J-J 1960 5 101 2 a-o 1955 Panhandle East P L 3s B__ 3Vis series C_ mtge 104% V 108% 108% Ij'V.-v*.v-'■ Paducah & 111 1st s f gold 4%s 112 Mexico Ry— inc 5s series A——1935 ACertiticates of deposit §ANon-cum a-o J-D ( 110% *86 102% -I960 111% *100% 103 % 101% 102 j-j 105% 105% 111 J-D 13 104 124 102 J-D 1944 103 % *116 F-A J-J ref & imp 4Vis Orl Puo Ser 1st 5s series A—1952 1st 91% m-n 1971 Pennsylvania Co— Guaranteed 3Vis trust 6 92% J-D 1986 5s A N O & N E 1st New J-J *105% 1053A *113% 113% 113% J-J 111 J-D m-s 92 104 J-D 1983 1952 N J Junction RR New Orleans Great Nor . 110 J-D 1970 F-A 104% 104% 101 J-D 1966 3s series J .1955 107% 103 A-O m-n 1954 1961 mtge 3%s series H ref mtge 3Vis series I Paterson & Passaic G & E cons 5s_1949 104% 104% 107 104% m-s - National {ANaugatuck RR 1st gold 4s 92%, 92% J-D 1960 Dairy Prod 3 Vis debs Distillers Prod 3 Vi$ Nat 107Vi 99% 98 *100 J-D 63% 109 ■ 2 110 110 92 J-D 69% ■ 43% 72 ,-i . F-A 1978 Nash Chatt & St L 4s series A 1964 Pennsylvania Glass Sand 3Vis 1960 Pennsylvania Ohio & Detroit RR— 1st & ref 4Vis series B—, 1981 1st & ref 3%s ser D 1968 59V4 109 109 m-n ' * 571/2 571/2 J-D s „ 1966 Ref j 1013/4 56% '' 1 Pacific Tel & Tel 3 Vis series B 96% IOI1/2 56 ' 96% *__ m-N 1 1st & ref M 3s series K j 111% 114% *112% 112% " 1st gold 5s......l946 1st & ref mtge . 106% 109% 109% 109% & ref ls« 73% N Nat . & El 4s series G Pacific Gas 72% 10 •"n \ r • Pacific Coast Co 1st & 72 1061/4 106 Vi J-D 1968 1947 Vis *70% A-O 1955 1955 series A Constr Guaranteed stpd cons 5s * 60 67% 64 Vi 641/2 a-o 1905 1966 1951 Morrell , F-A , 1960 debentures 1st 6s : Oregon-Wash RR & Nav 4s {Missouri Pacific RR Co— Alst & ref 5s series A Reading Co Jersey Cent coll 4s. Gen & ref 4%s series Gen & ref 4'is A_! series B ..1951 a-o 101 % 101 % 102 -.1997 j-j 104% 103 -1997 j-j 104 104 3/a 103% 104 5 109 12 97 94 94% 105 104% 1043/4 THE COMMERCIAL & 552 YORK NEW FOR RANGE Last Interest Stock Exchange Period or Rand deb 3%s 1950 3%s 19H0 Grande West 1st gold 4S..1939 cons & coll trust 4s A 1949 Copper & Brass Kevere H a Rio A 1st & Elec Corp— 4%s series D 3*/** series H 3%s series I 3%s series J 102% 102% 92 92 3/4 63% 66 102% 92% A-O 63% Gas Rochester mtge Gen M-N Geu mtge Gen mtge Geu mtge 1977 1967 1967 1969 1934 1949 1841 1st 4%s *§AR I Ark & Louis fARut-Canadian 4s stpd tSARutland RR 4%s stamped US *1253/4 US 104% 107 % Tex Pac Mo Pac Ter 5%s A 101% 103 Toledo St Louis Ham Buff 95 Toronto 37 66% Trenton Gas & Elec 1st Third \1IrW' llf% a 111% Ave AdJ 1073/4 *108% 1103% MS 16 23 U 17% 8b 12 19 Ltd 1st M 4%8——1960 Grand Island 1st 4s 1947 1st gold 5s 1998 Saguenay Pwr St Jos & Lawr & Adir St gold 6s 2d ISt Louis Iron Mountain River & Gulf Division A-O 105 5 ♦„ J-J A-O / 72 out r MS ..1958 IS 100% 1 Zl978 ucyuon, Louis-Southwestern Ry— 1st 4s bond certificates -—1989 Nov 1989 bond ctfs.. 2d 4s inc 1952 J A 1st term & unifying 5s— A Gen & ref gold 5s series A.---1990 Paul & Duluth 1st cons ISASt P & K C Sh L gtd St gold 48-1968 4%s 1941 1971 1952 Depot 3%s B Schenley Distillers 4s s i deb Scioto V & N E 1st gtd 4S tSeaboard Air Line Ry— Paul Union St 1989 1950 gold 4s unstamped gold stamped JARefunding 4s —--A Certificates of deposit— A 1st cons 6s series A____ A Certificates of deposit § a 1st 5 A 4s ia0B 1940 gtd 4s 1933 Fla 6s A ctfs 1935 certificates., -——1933 Shell Union Oil 2Vis debs— 1954 23/«8 sinking fund debentures 1961 t§ASilesian-Am Corp coll tr 7s 1941 Simmons Co debentures 4s 19W Sioux City & Pacific Div— See Chic & Northwestern Ry t§AAtl & Birm 1st X A Seaboard All AOs series B 1950 Oil 3s debentures-Bocony-Vacuum Oil 3s debs South & Nor Ala RR gtd 6b South Bell Tel & Tel 3%s Skeiiy 1964 19C3 -1962 iy<» debentures 3s Co— f} 4s (Cent Pac coll) — 4s registered.: 1st 4Vis (Oregoh Lines) A Southern Pacific. Aug 1949 J949 1977 19^8 Gold 4 Vis 1969 1981 1950 1955 Gold 4Vis Gold 4Vis San Fran Term 1st 4s 1st ref gtd 4s Stamped Southern Ry 1st cons gold 5s Devel & gen 4s series A Devel & geu 6s Devel & gen 6Vis——— Mem Div 1st gold 5s 8t Louis Div 1st gold 4s South Pac RR ----- 1994 1958 1956 1950 1990 1951 Southwestern Bell Tel 3Vis B 1964 1st & ref 3s series C 1968 Southwestern Pub Serv 4s———1972 ASpokane Internat 1st gold 4Vis__2013 Stand Oil of Calif 23/48 debs 1960 Standard Oil N J deb 3s 1961 23/4 debenture 1953 Sunray Oil Corp 3% debs 1959 Buperior Oil 3%s aebs -—1958 Swift & Co 2%s debs 1961 land grant 4s_. & 1st 76%. 34-year 3Vis deb mtge 3%s 19% 19 103% 106 102 % *106% 106 3/i J-J 112 110% — *21 104 103% 103% 103% J-J 1073/a 107% 107% 107% 108 3% A-O 106 106 106 % 9 102% 107 M-N 1G6% 1053/4 1063/8 49 102% 106% 110 110 10 ^993/4 100% United Drug Cigar-Whelan Stores 5s United 3%s debs Steel States 110 % 5 109 111% A-u .108% 108% 108 % 8 106 108% 1952 1958 United Biscuit 3%s debs United 86 1955 series A 1003% A-O 102 3/8 102 % 102% 7 100% 104 F-A 104% 104 J-D v. ' 51 104% 101% 104% Corp— 94 46% 2.05s kay 1 1949 46 323/4 45% 2.10s Nov' 1 1949 M-N *10034 99 36% 50 2.15s May 1 1950 M-N *100% 7 36% 483/4 2.20s NOV 1 1950 M-N *101% May 1 1952 M-N 42% 609 41 41% 44% 46% 45 44% J-J & RR gen 5s M-N *100% 34% 34 35% 488 28% 373/4 34 34% 19 28% 373/8 2.40s Nov M-N 34 May 1 1953 M-N 2.50s 1 1953 M-N 102 70% 86 2.55s May 1 1954 M-N *102 U-N 97 *105% 1083/e 1 1952 85% 13 d62 79% 40 57% 82% 2.60s NOV 1 1954 M-N 61 9l' 383/4 64 2.65s May 11955 M-N *100% — 52% J-D F-A 36 1 A-O 65 65 A-O 653/4 653/8 A-O 28% 28% 43 69% 381 21% 303/s 9 28 29 14 20 393/4 42 790 28% 102% 41 106 27% 42% 60% 57 58 16 42% 27 31 63 263/4 __ 98 Va ref mtge F-A *108% M-N MS Va 1st A-O 3s series D 105% _. MS 1966 MS Virginian Ry 3%s series A 102 106%'111 7 100% 103% 103% 103% J-J Apr 82% 82 83 1991 Apr 76 76 77% 1955 A-O gtd gold 3%s._2000 F-A 103% *1053/4 106% 106 % Warren A-O *126 123 124 *108% 109 107 1083/4 105% 108% 22 108% 108 100 3/4 100% 100% MS 83 83 85 MS 78% 77 RR 95% ' 2 1st 40-year guaranteed 4s 69 66 5/a West 85 M-N 77 76% 79 475 65% 84% Af-N 77% 76% 78% 181 653/4 84 Western 105 6 101% 102% 1033/4 91% 116"% 1033/4 1163/4 118 25-year 118% 105 Telegraph gold West Shore A-O 873/4 178 73% 87% 1043/4 105% 37 92% 105% '108% 108% 29 96 108 % Wheeling & Lake Erie RR 4s 2 110% Wheeling Steel 1st 3%s series B ■0 87 105% 108 % J-J 87 J-J *106 3-D 100% *107 M-N 107 ' _ •111 Apr F-A *1023/4 103% J-D 102% . 104 deposit of ACertificates 31 104% 102% 1053/a 1033/4 101 119 5 108 % 109% 109% 110% 7 109% 112% 100 % 159 88 % 101 106 3/4 108% 108% J-J A-O J-J 100% 100 17 983/4 97% 74 773% 107% 107% -24 101% 108 58 102 107% 39 100% 107 101 101% 105 % 106 MS 96 3/4 M-N 107% J-D 1053/a MS 105% 96% 993/4 105 1053/a 105 M-N 105% ■4 101% 1013/i 1 J-J 67% 67% 68 % 67 553% J-J 65 64% 65 16 53 1st 4s 69 % lll3/4 101 913/8 993/4 3 101% 104% 116 % '110% MS 993/4 99% 99% A-O 104 68% 104 67% .• M-N 1930 72% 110% 116 % MS 16 deposit 197 70% *.J153/4 70 60 Va 70 ' 16% 82 14% 14% 74% 57% 10 22% >15% A-O •110% 1971 J-J 18 14% *110% 1960 U-N .. 109% 110% .. 1968 1075/a 110 101% 106 1073/8 102% 118% 103% 105% 101 *118 ....... Wisconsin Elec Power 3%s 106% 4 105% J-D ... *106 3/4 M-N 4s 5ASu & Du div & term 1033/4 1033/4 M-N of 101% 117% *100 J-J 1st 53 102% 100% J-J B ACertificates 60 104% 1053/4 105% J-J 1st mortgage 3s 8 84 98 101 % J-D 1960 111% 51% 11 52 & Co 38% 100"% 100% J-D JAWisconsin Central 1st 4s....—..1949 Winston-Salem 107% 110% ' r 51% 51% 106 112% 106% 107% Registered Wilson 100% 110% *110% 1123/4 J-J * 100% F-A 1950 1951 1960 1951 2361 2361 1949 1966 1958 guaranteed 110% 110% A-O 7 102 Co— 5s 1st 4s 49% 47% F-A A—1946 ser 30-year 5s Westinghouse El & Mfg 2%s J-J 83 5s Funding & real estate 4%s 106% 276 105 103% Union 1st 10 95% 1977 t series A Pacific 56 i«52 3%s series I Maryland 1st 4s. tAWestern 68 100 % 100 104% 873/4 16 54 V 1966 3%s ref 5%s 1st & gtd__ stpd os Power Penn Western 89% 149 Lug Gen mtge 100% Q-Af ..1948 1945 1945 1950 1967 Washington Central Ry 1st 4s 1st gtd 3%s 1011/4 343 * 79% mtge 4s ref Washington Term 101% 94 9 ; * 1st 1st Westcnesier 1003/4 100 §2 100% A-O 97 3 107 1971 1981 103 J-J 98'% 106 % 80 107% 107% mtge inc 4%s ser B mtge 4s series A 105% A-O 90 100 10 mtge 4s inc series A 1st 1053/8 103 yj: *1033/8 103% J-J 1 96% 96% Wabash RR Co— 66 J-J I'D 109% 1113/4 105% 106 2 98% 98% 106 3/a 1003% A-O 112 112 2 195 105 3/s 106 J-J 1958 5s cons Walworth Co IS 99% 110% 110% A Gen A-O 973/4 *112 1968 AGen 105% 105 F-A 18 103% 103% 102% 52% 23 66 60 A-O 104% W 100 100% 101% 102 *1013/4 66 103 f*7 101% 54 F-A J-J 102% 102 1957 1974 Iron Coal 61 Coke 1st gold 5s__1349 & Southwest 1st gtd 5s 2003 Va 62 34% 30 101 % 97:% f 4s series B 8 1st & 43% 383/4 MS F-A Cons 31 393/4 J-J 102 ' MS Va Elec & Pwr 3%s series B 32% 383/4 F-A 103 102% A—1955 RR cons g 4s series Vandalia 68% 268 683/4 101% 1013/4 128% 43% 66 103% 101% 101% 105% U-N US __ 102 ..1959 3%s debs Pictures A-O 101% 102 101 % 104 % 1033/4 126% 1033/4 1033/4 1033/4 102 5 104 1C4 Universal 38% 30% 46 „1951 United Stockyards 4Vis w w 100 92 35% 36 A-O MS J- _. *103 d81% J-J 102% 101% - 101% 101 % ;V ... *102 d52% J-J J-J 100% __ *1013/4 106 Nov ■ 101% 102% 101% __ *101% 2.45s MS 7 '?.••' V ;'Z' ,Z\ u *101% C'\ 2.35s — 1 103% 103% Wisconsin Public Service 3%s Youngstown Sheet & Tube— 1st mtge s f 3%s series D Tenn Coal Iron *111% " 89% 40% 41 ——— *St A 106% 107% 33 40% 443/4 Il950 01 101% 1033/4 Union Pacific RR— 75% 97% 92% 104 Serial debentures Ry tat Louis San Francisco A Prior lien 4s ser A ACertmcates 106 95% "2 100% 100% IS .1950 00 1947 1970 1971 1980 debentures 95 99% 99% jttocay 1959 1967 F-A Ref [I1959 b A-O 5s — 98% 99 101 % II *107% 1945 3s 108% & Southern Jf-N 103 % 5 U 35-year 3Vis deb ..1933 40 % 96% J-D If-N 63 *77 30% 6 *103 3/4 104 A-O 1971 62% ~1 75% 75% 75% 83% 149 /•■.v.: 102 % 102% Af-S Union Electric Co of Mo 3%s 106 107% 107% 1063/4 107% J-J ' 81 39% 103% 103% " JSAUnion Elec Ry (Chic) Union Oil of Calif 3s deb ■ 112 71 52 79% 37% 37% A-^j 163/4 16% 17 3/# 47 153/4 IS 81 :V,y 103 % 50 453/4 453/4 4-J High Low 109% 39% 118 ..1053 1960 Jan 1960 33/4S__1960 Ry 1st ref 4s income 5s Tol & Ohio Cent ref A impt 1 A-O J-D gold 5s—1949 5s conv deb A Trt-Cont Com Range since No. Jriuin 108 J-J 1950 gold 48—1940 1st 81 44% January 1 Sold Bonds Friday's MS 1964 1st 4s & West & 45 MS MS or High •111% — Last how Low 5; : Week's Range Sale Price Bid & Asked Interest 6 Nigh Period Stock Exchange New York January 1 Sold No, 107 % 107 % IS Friday BONDS Sale Price Bid & Asked J-J 4 AUGUST ENDING Range Since Bonds Friday's LOW Remington BOND RECORD WEEK Week's Range Friday BONDS New York Monday, August 7, 1944 FINANCIAL CHRONICLE 1951 IS 1944 1953 J-J *112 mtge 3%s series B—1974 Tixarkana & Ft Smith 5Vis A 1950 J-J ♦106 105% 20 105% 105% F-A Terminal Assn St L 1st cons 5s Gen refund f gold 4s s Ref & impt Texas 3s deb 1959 1st gold 5s Company *117 F-A 118 ■ - ' 101% 102 :,/4 101% A-O ■ >47 /■I/. 106% 106% 1965 Af-N 106 106 106 3/e 2000 J-D 124 124 Gen & ref 5s series B 1977 A-O Gen & ref 5s series C 1979 A-O Gen & ref 5s series D 1980 J-D debentures 3s Texas & Pacific 106% 91% ' — 113 105% '.'II ' 118 in 120 103% 105 a Deferred Included delivery sale included In the years range, d Ex-Interest, e Odd-lot sale not Under-the-rule sale not included In the year's range. rOash sale not in the year's range, n not Included in the year's range. " * §Negotiabillty Impaired by maturity. tThe price represented is the dollar quotation per 200pound unit of bonds. Accrued Interest payable at the exchange rate of $4.8484. 106 % 9 105% 1063/a 124% 12 115% 124% 923/4 933/8 25 81% 96% 93 923/4 93% 37 79% 95% •Friday's bid and asked prices; no sales being transacted during current week. 923/4 92 3/4 93 34 80% 96 ABonds selling flat. of tCompanies reported as being in bankruptcy, receivership, or reorganized under flection 77 Act, or securities assumed by such companies. the Bankruptcy NEW YORK CURB EXCHANGE •WEEKLY toHS&rfJtottS wee 29, include ending and the present Friday security, whether stock every complete record of the transactions a (Aug. 4, 1944). bond, in which or It any RTOCK8 Curb Friday Exchange Last Sale Price Par Acme Aero Wire Class is Investors (N J) Corp Electric Great Appliance $7 "m preferred preferred For footnotes Low 170 22 Jan 26 100 20 Apr 21 Jan 3% 4% 33/4 300 3% Jun 9% 700 63/4 Feb 10 400 x83/8 Feb 10% July 4% 10 4% 3% 3% 3% 800 >. . 4% July July Allegheny Ludlum Steel 1% Alles & Fisher Allied Allied page 557. Intl Class A common rnnv (Mich) common 5 5/a July Jan 2% Feb Aluminum Jan 353/4 Jan Aluminum Industries 2% 117% 117% 10 Apr 4 July Jan 102 Mar Aluminum Co 114 Feb 118% Jun 107 % July new Low Sales for Week Shares TJnnlr 6 28% 200 .25 Jun • 123/4 1013/4 80 — 22 Feb 31 Jun Apr 31 -Jun 27% Mar 35 July Feb 115 Aug 35 2.800 114 115 1,200 109 Va 19 200 18% 12 12% 400 793/4 80% 1,950 733/4 1013/4 1013/4 50 953/4 34 % 2 4 inn Jan 22% 19 34% 114 • common .. 8% July 23% 27% 100 _ July 1141/s July 8% common Cn High Low 114% July .10 Mfg.. American Beverage common Range Since January 1 High ...1 100 Goods preferred 4mp»"',an Range 100 common preferred Aluminium JLtd 6% pfd_. Week's of Prices investing S3 conv pia Products Jan 89 II Last Par 35 -50 Friday Exchange Sale Price 2 6,200 -10 —3 Curb 2 104% Mar see Mar 9% 95/8 York High 25 10 year. 4 STOCKS— 20 ...1 AUGUST New Hiah *""1 "** "* """" Exchange for the week beginning on Saturday, Range since January X 24 9% ENDING 6% Southern Power Co Shares 20 ...5 WEEK for Week —2 I I__ preferred Air-Way FOR —1 -50c common Alabama Alabama " II common Inc Accessories Convertible $6 " the New York Curb Sales Range of Prices Low 1 Mfg Week's on compiled entirely from the daily reports of the Curb Exchange itself, and is intended to -.10 ... B Associates Aircraft Air common.. Supply Mfg class A Ainsworth Air Co RECORD dealings have occurred during the current RANGE New York YEARLY tchomp"tofftriL8."orCttL°eye0ar.the "**• ,I"1 ^ In the following extensive list we furnish July AND "lo 40 2 100 37 40 .390 9 * 28% Feb 19% Mar 13 % Jun Jan 84 Jan Jun 103 May .Tan Jan Feb 2 Vz Mar 40 Aug EXCHANGE NEW YORK CURB RANGE Last Exchange Curb Week's Friday STOCKS— Tork New A Fork American General American Mach American Light & Trac common 6% preferred — . American Mfg Co common Preferred Co Maracaibo Potash 8eal-Kap American Amer com 5% 16% 16% 16% 1,500 16 % July 25% Apr 26% 45% 45% 45% 75 35% Jan 45% Aug 98 97 98 50 88% Feb 98 1% 1 1% , 27% 28% 45% 45% 15% Apr Jan 5% Jun 11 % 12% 7.900 4% 4% i3c 200 3% fa 22,900 % July fa Jun' Jan 111 375 105 May 16% 16% 16% 1,000 14 Jan 3% 3% 3% 200 3% Jan 4 % Mar 4% Jan 7% July 4 f July 107% 108 2% Jan 106% 12.300 2% Jun Apr 3 Jan 19 Jun 113% July 8% July .7 $ 3% 7% 3% 1.800 3 May 4% 3% 3% 4,800 3 May 10% 10% preferred • 11% -- 9% 10 106% 106% ■ 2.50 Equipment Corp 800 97% Canada Jan 107 Jun 13 July 6% ~6% ~6% . 1,200 Apr 11 Jun Jan 7 July 20% Jun 6% Jan 20% Jun American dep rects £1 reg Associated Tel Atlantic 11 Products 1 6% Automatic Voting (B F) Collieries 47% May 1% May 2% July 3,000 1.200 5% Jan 10% 9% Apr 13% July 6% 1.000 3% Feb 6% Aug 5% 200 4% Jan 6% July 9 Jun May 10'/» July 24 24% 100 21% Feb 25% July 13" 5 25 1 to Sons common Patoka Jan 31 25 1.400 12 • 6% preferred Jan Feb 5% Automatic Machine Feb 12% 8% 3,400 2 3% July 80 5% 12% Forge common Jan Jan 12% 8% 8% 1 Plywood 43 2 2 5 Corp Drop 11% 43 ■ warrants Atlas Atlas % 5,100 75 50 Co Line 1% — 1 Fisheries Coast Coast 1% 2% Mar RR Co pfd—100 Coast to Atlantic Atlas Corp Tel class A to Birm "l% * • Associated Laundries of America 8% July 1% July 13% 200 9% Jan 15 9% 9% * 8 100 9% May common Castle (A M) W) Co Gas Hudson Central Maine New Ohio Central Power Central & & South Charis Corp 18% 4.500 8% 300 20% 20% 50 7% Co Service Colon 6% 23% 23% • 20% Feb 700 24%- 26 July % Jan 18 July Jan 53 % May Feb 17% Mar 3,250 118% July 107 n Jan 8% Jan 12% May r-~— 600 85% Jan 111% July 9 11 6% Feb g ? 11% 8% 9 92% 300 113 108 ..* —• • * 10 100 7 20% 150 18 Jan 1% 1% 3.100 g ' 1% % iv 16% 34% ig% 30% Jun 18% Jan 28 warrants Purchase for Steel Barlow Jun 39% Jan 41% July 6% Jan 9% July *25,600 2 Jan 14% 50 13 Feb 16% Apr 5% 1,100 4 Jun 5% Jan 8% 8% < 3% 3% 14% 5% 8 8 200 "3% 1 •« to Seelig Mfg— convertible A common $1.20 9 1 • 100 1 Refractories Inc Basic (L) Baumann common 1st preferred Brummel Ties 7% Beau Aircraft Tel preferred Blauner's Bliss Blue Fdy & Mach Co com optional convertible preferred Blumenthal Bohack 7 % to CO— (S) (H C) 136% 30 Inc. Bowman-Biltmore 2d 1— Brazilian Traction Lgt to Pwr Breeze Corp common.. Aeronautical 7% Mfg Class Co Am 48% Feb Jan 8% 25 Arms 7% 8% 6,100 6% Apr 9% 3% 3% 1.400 2% Apr 4% July May 47% Mar 35 35% 64% 65% 190 24% 24 35 1.900 64% 35 . 56% 32 550 20% Feb % Apr 1% July 12% 12% 150 9% Jan 12% Aug 5% 5% 400 67% 12% 68% 1,400 63% Feb 130 113% Feb (E L) Burry Butler 100 95 210 80 Jan 105 Mar 100 24 Jan 28 July Jan 12% July % 15 15 J*n 200 6% Jan % Mar 17% Mar 1 Jan 3% Mar 1% 300 19% 500 12 12 1% 19% 1% 12% 2,300 1% 1% 23 2 1,700 23 25 18% Jan 9% Jan 1% May 21 % Jan 21% Jun11' 13% Jun 3% Jan 23 Jun 8% 9% 1,700 8% Aug 13% Retail 10% 5,000 6% Feb 12% 1% 2,900 1 Jun 1% 1,650 Jan 157% Aug 14% July 31% July Textile Consol ... 18 Jan 12% Feb 20% Jun Feb 20 15% Jan 20 7% Petroleum American Croft 100 3% 17 Jan May 1% May 4% July 17% 2% Apr Calamba Sugar California Callite Jun Camden Canada Fire Cement Canadian Car & Participating For 6% pfd footnotes see page r 557. 106% July Apr 17% July 7 1,250 5% Feb 800 7 % Jan % fa-. —— 85% — 2% 2% 200 2 2 tt Feb 1% Jan 84 50 3% 7% July 14 Jan 20 3,100 23 / 85% 34 34 12 Mar 2 Apr 2% July , 87% Jun Feb 3% July Jan ; 36% July 4,400 24 1% 1% 9 5% 7% » — 23 23 1% Apr 9% July 22% July 28% Mar % 5,200 Jan 9 9% 700 37/s Jan 5% 5% 700 3% Jan *2% *3% 1,900 - —— • 10% Jan 1% Feb Jun 11 6% July 15 July 2 Jan 3% Aug 24 3% Jun. 25% Mar % «... — iS Jan Feb 11% Jan 4,400 19% Apr 26 Jun 9% 22% 22% Apr 10 23% 200 3% Jan 12% July 2% Apr — 9 3% 3% 3% 50 9% 9% 100 18% 19% 36 36 10% 12% 1.200 6% Mar 12% Aug 5% 5% 1.600 3% Jan 5% July 8% May Aug 9% Aug D Class Dejay 35 convertible A $6 prior 8% v A class A common preferred debenture Gasket to Mfg Iron Jan 91% Aug May 700 10% 10% 16 10% 16% 17 1,700 Jan 21 3% 3 3% Jan 26% 9 Jan 10% July 1% Jun Jun De Vilbiss Co Diana 14% Apr 17% July Am 97% Feb 106% Aug Divco 9 % May 12 Jan common Shoe Diamond 100 common preferred 7 % Co Co 10% 1,700 1% 1% 3,800 1 Apr 1% July 2,400 3 Apr 4 Jan Dominion 5% Jan Dominion Steel 4% July Domestic Industries class A com Coal to B Dominion Tar & Chemical Ltd i 11/2 1% U Jan % 400 1% July 1% Jan Jun 3% May "8 8 7 7 8% n8 „ 4 July 100 5% Apr 8 1C0 5Tb uan 4% Jan 20 % Jun Duval Texas July 36 Mar 30 82 9% 78 10% 5,600 78% 900 common common Sulphur July 135 May Jan Jun 72 10% July 79% Feb Feb 16 Jun Jan 21 July 1% July 1% 6.900 % Jan 5% 5% 5% 1.200 3% Jan 25% 25% 26% 400 20% Jan 27 26 25 26 22 Jan 26 10% Feb 10% 1% 1% 20 13% Mar 9% 9% 10% 16% 9% • 1 • 82 Jan 12% 1,800 16% 100 9% Aug 13 Mar 6% 9% 1300 5% Jan 12% 12% 300 10% Jan 6% 6% 1.000 9" 5% May 22% May 6% July Jun Aug 16 Feb July 10% Aug .17 July 9% July 13% Feb 6% July 25% Jun 6% • Feb 8% July 6% r-i Jan 7% 29% 77% 29% w 25 Feb 8 3% 7% 3% 11 8 100 600 3% 1.200 11% 300 Feb 77% July 26% Feb 33% July 74 77% • . class B Jan 5% 19 1 20 1 1 10 10 10 1 • 25 * 65 67 Feb 81 Jun 3% Jan 8 Aug 2% Jan 4% July 9% Jan 11% July July 2,900 Hosiery Test Corp Duro 9% 78% 10 Harris Co Duke Power Co Durham • ..* Corp Draper 21 Jan 113 82" 1 Bridge Co Ltd 3% Mar Jan 33% — £1 1' common 10% 3% 26 15% 50 Ltd— Corporation 10 % 3% 5% 1 dep rets ord reg Dobeckmun ; '.7 12 Jan 700 " • common Stores Distillers 106% 106% 106% Foundry Products Steel Detroit 3,300 ; preferred 6% 1 5 50 • convertible preferred Detroit 24 19 . 100 Stores Stove Co Jan 25 Mar 12 6% * 1 Davenport Hosiery Mills Dayton Rubber Mfg i. Gray 17% Foundry Ltd— preference 100 16% 16% 9 Mich 77% 100 30 100 106% 106% — common Detroit 50 5 Insurance July July • Tobacco Curtis Detroit 700 1 6 14 Lighting Inc common 2.50 Mfg Co (Mo)— .—8 Cuban Curtis 4% July 19% 10 Power Corp Jan Jan Drug Co common convertible preferred 19 % July 91% £1 1 Estate Electric Tungsten 3% 9 25o "°!t 25 Crystal Oil Refining common.—.* $6 preferred 10 Cuban Atlantic Sugar—————5 Crown Feb 91% 1% 8,900 4,600 ——1 International A Cork Crown Feb 19% 50o pfd 5% Crowley Milner to Co ———-• Crown Cent Petrol (Md)—.—0 3l/4 Wireless— dep rets 5% —— 14% 50o certificates trust Jun 13% —— Brewing Co Driver & Apr 2Va 13% July 5% receipts (ord reg)—£1 .8 dep Petroleum Creole Derby Oil to Refining Corp com..,. 4% 4% 91% 121An 25c Cable Electric Products common American preferred 1% common 115 Jan Jan Courtaulds Ltd— Feb 19% 2.50 1% 9% 13% *;«• 1 50 common convertible 5% 700 2,200 Jun 12% 5% 1 Reynolds preferred A Cosden 8% Jan 1% * Coro Inc d $6 Feb 50%" July Jan 13% • 5c Co Cornucopia Gold Mines & 6;' Jan 6% 114% • Range Cor' ',on 1,300 13 % 1% 100 preferred Cook Paint & Varnish Co Copper 7% 12 • Fdy prior 1% Jan 32 1 Corp Co & Machine Co Continental Gas to Electric Co— 18% July 26 rets Biscuit Corp Voting Oil Jun 117% May 110% Mar Jun 4% Jan Mar 69 ' 350 ' 46 "7% 5% lOo Steel Consolidated Continental 37% July 81% r Cables Royalty 45% 7% Jan 148% 157% Ltd 5 1 100 10 Smelt Jan 104 3,100 1% Mar 33 % Jan 4 __ ~5% "5% 5% Apr 1% & Stores—. preferred 8% Consolidated 33% July Feb 9% ~8% 25 —* Sullivan H) 11% Mar 10% • Corp Am dep (P 17% July 27% 5 Co common & Jan Feb 94 Niagara to East Power— Hill 10% 27% 1 common preferred 1st preferred Burma Jan * $1.60 Bunker 43% Mining Consolidated 116% 117 1 Utilities Gas 67% 25 % Mar — 100 preferred series C fa July 6,000 — * 100 preferred Mar 71 Jan fa 32 1 Co Jan 24% wariants— Southern Consolidated Mar 49% Aug 1 Distillers Buckeye Pipe Line $5 15% _-* preferred Brown Rubber Co July 7% 15% * A Buffalo 450 .1 common prior preferred Bruce 49% 3 ' * B Brown Forman $5 15% July Jan 2% 10s Pow^r class A. Brown Fence & Wire Class Apr 1% £1 £1 dep rets ord reg Columbia Class 10 11% 300 2% 4% Consolidated Jun July 6% • Dennison Mfg rets ord reg Celanese Ltd— Amer Feb 3,400 15 Tobacco- American British 9% Aug 12 • Oil Co dep British Feb % May 3,400 • * common dep rects ord bearer Am 15% July 6% 2% ..—100 A British Jan 8,000 14% ■ American British 100 9% 6% .1 preferred.—.— Brillo Jun 15% 8%: 14% 1 • * B„.... 1% Jan 15% * Bridgeport Oil Co • Brill Corp class* A——.————* Class 37 1% "9% • Bridgeport Gas Light Co >: ■ Apr July "l% 1% 100 • • 1 preferred Brewster 35 • common 1st preferred 7% $5 — Apr 35 100 25 • 1st preferred Bourjois 136% Aug 127% • Co common Borne Scrymser Co Feb 20 1 common Ridge Corp common $3 4% July 136% 136% * common (E W) 19% July 28% July 2% 1 common Steel Jun 9% July Jan 700 Bickfords Inc 75 -Apr 300 1% 1 Birasboro Jan 14 % Mar >-* 00 v-4 CD" "3% Berkey & Gay Furniture July 21 18% "5% * • Hedges common Convertible Apr 6% 18% 100 Canada of to Benson common ":4 4% May 65 20 1 convertible preferred $1.50 Bellanca ~5% 10 Mills Inc common Beaumt Bell Corp July 6% 50 300 - 40% —1 common 9 6,200 8 40% 30 Co Rubber Barium 7% 7% common preferred 77o Baldwin 4 12 Jan 3% July 33/4 100 series B Jan Jun July 2.700 4% 3% Jun 37% Feb 2% May preferred *'/a% 6% 11 10 warrants Biscuit 1% July Jan 11% 2.000 * 41/4 Jans Jan 4 700 28 — common ordinary Mar 9 22% , 325 35% 17%: 27 % » 100 Jun 9% Jan 20% 1 Consol G E L P Bait common Baldwin Locomotive— Jun 13% '' Babcock to Wilcox Co 9% Jan 17% Public Service 25 Community Water Service———1 Compo Shoe Machinery— V t c extended to 1946 1 $3 Jun 675 Community Consolidated Aug 400 Conn Gas & Coke Secur common.—.* B Jun 37 July 24,100 1 to 108 15% Gas & Electric— Commonwealth Jan 13% preference 5% 16 116 35% July 1,750 37 4 Co Fire Patent Columbia 35% 36% Jan Jan 82 Inc Colorado Fuel & Iron Colt's 9% July 13% 97 250 112% 13% Airlines. Colonial 5% July 9% July 41,600 Illuminating Development Apr 10 Utensil Co. Plow Cockshutt Jun 7% 9% 18 Corp Aluminum Club x4 % 100 111 111 Cleveland Tractor common Coal 7.000 7% Mar Mfg Electric 4% 9% r 1 to Lambert Clinchfield 4% 9% 41/4 .» Jun July 41 % Co Lights Neon Clayton % Mar 13 119 9 Suburban Homes Claude Jan Jan Apr 112 37 Auto Stamping Controller % 8% July % preferred preferred B $6 preferred BB to 800 Jun 105 41 % 60c Clark 400 119% Jun 96 % May 1 $6 City Jan 11 % 4 common City 9% "% , ..100 Mining §Childs Co preferred Cities 7% May 270 11 % * common Consolidated 4.400 8% July 300 % 5 25 5 Chicago rtivet to Mach Chief Jun 3% May 10 Flexible Shaft New Jun 21% "x36 103% 1 com new 16% 119% 50c common 8% Mar Jan May 7% 7% 1 Utilities West 7% • 100 Chesebrough Mfg • 8% July 20 103% 104% 7% pfd—100 pfd Cherry-Burrell coirithon Chicago 19 % July 10 Metal Weather Strip Co..5 Ciiumuerha Jan 100 Proaucts Juff 12% 8% ...• com pfd Light 7lo Aircraft Co Cessna 77o Power Steel Central Elec & Power York Jan 118 .415 Aug 17% Corp of America 1 7% fiiv;r'f:,}.ty;>,Z'.: >*>$.?■)•%' i£y&>j\ \i*A- '• v;.-?:&! Ceuuai 48 % May Jan 20% 10 & Co July 108% 8% is Jun 10 10 115 • Catalin Central 41 140 f Jun 25 % Jan 114% Mar 115 1 com 43 — • 1 Products Cleveland Electric Industries— Associated Corp (J Casco Jun 7% —1 * Co 10% 5% 5 Works common Carrier Carter 42% 42% Feb 7% Jan 2% July 16 Jan x23 300 9% 9% • common preferred $6 July 7% Mar 900 12 Jan Co 5% July 144 Jan 12% • A Carolina Power & Light $7 preferred..* 4% Mar 10% 10 preferred Refining 13 600 Jan 3% 7% non-voting Arkansas Power to Light $7 2% Mar 200 160 18% 3% • Natural Gas common class A 2% May 111% ni - -1 Inc Ayrshire Jan % 17% Avery July 4% 2% Atlanta Jun 48 11% 17% Assoc Breweries of 30 Apr 10% 2% & 1% Mar Jan class 5% Apr Jan 1% 8.300 2% — • Carnation Jan Aug 40 25 y / 18% Mar 22% 400 45% Jan 1 3.900 27% 17% common Fence Oil Jun 34 Feb Angostura-Wupperman 1 Apex-Elec Mig Co common • Appalachian Elec Pwr 4Vi% pfd—100 Metai Jun 25 % 1.300 Ashland 45% Aug 100 3% Art July 39 19% Co & Class B 7% Jun 32% 3% Aro Jun 32% 3% 6% 112 % 327/s 2 Common Jan Apr 400 Arkansas : Jan 6% Argus Jan Jan 6% Post 29% July Jan 34% 6% Anchor Carman 41'A * Paper Writing Jan Products 1% 1% 19 July High Feb 4% Mar • • 1% 4% 144 1 Jan Low 100 Capital City Range since January 1 High v Canadian Marconi 75 ""' Ltd— Feb 600 > 39 45% voting Feb 107 1,300 7% non Industries preferred 41% 5 preferred Thread 5% American B 7% July * $6 series preferred American Class Canadian 3 45 26% 300 7 Feb 14% preferred $6 1st 44% Mar - Low 100 15% 6,600 45 10 2 10c common Corp Superpower 28% 110 % 111% 27% Feb Shares • • voting 35% Aug % Jun 150 18% 38% 1 * • — Chemical to A :-V-v ■ for Week of Prices Alcohol— Industrial 41% Mar Jun Jan 1% & 25 Republics American 3,100 «... 100 100 / American Meter Co American % % 18 % 1 1 25 20 25 Laundry American 5,400 27% Hard Rubber Co American 37% lb common—10c Corp 38 1.800 35% Lll% $2.50 convertible American ~2% "2% 36% Par Sales Range Last Exchange ; Canadian Class 250 "2% 10 preferred preferred convertible 12% July Jan 38% 41 Curb Hipn 35 V2 100 Electric & 5% 1.300 40% * common preferred 4% % $2 Hoe to Gas American , Foreign & 11% 41 10 Power warrants- non-voting Class B American Lovj York Sale Price Range since January 1 10 class A Cyanamid American Shares High 10% 25 25 A class Convertible Class New for Week Week's Friday STOCKS & .uight— Power Cities Low 1 Mfg Central American American , Range Sale Price 4 AUGUST ENDING Sales of Prices PaT -V-'i' WEEK FOR 553 CHRONICLE THE COMMERCIAL & FINANCIAL Number 4305 Volume 160 100% July 21 Jan 7% Mar 9% July 20% Jun 100% July East 6 in 24 Jun Gas to Fuel Assoc 4%% preferred Eastern Malleable Iron common • 2% 2% 1.700 100 67 66 % 67% 475 100 prior preferred 391/2 38% 41 25 2% 2.375 1% Feb 56% Jan 2% July 32% Jan Jan Mar 47 24% 70 3/, ,Tn1V 28% July Monday, August 7, 1944 CHRONICLE THE COMMERCIAL & FINANCIAL 554 NEW YORK CURB EXCHANGE RANGE Week'* Friday STOCKS of Priced Sale Price Power Derrick ft 1,900 — Inc common 33% Fire 10 — reg—————£1 5 Class A Class B , voting ooia 22% STouvenibVVreTe-rJe-d-ZriIISo «» M 7% Jun Co Power 23% July 30 Feb 18 Jan Gellman Alloys Co Gen Electric Co Ltd— 50 37 Feb 70 58 Jan 74 dep rets ord reg General Finance Corp common £1 1 10 • • Amer , 5% " Hosiery Power $7 common Co (F Li) .$3 Consolidated Inc 1% 75% Jan — — — 1st 1 8 Pacific & Gulf stock——* common preferred Northern 100 Paper Stores 25 • Products Utilities States $6 41% __ 113 „ 25 113 Jan 111 - 10 400 11% ? "12% 49% July 13,600 17 ' 12% Jun Jan Mar 18 Feb 11% Mar 13% Apr * 17 Apr 12 400 9 Feb 60 104 Jan '% 11,400 Jan 41 **7% 41 110 x40% 33 41 33 300 30% 7% 7% 97/3 12% July Jun i9« July 7 % May Jun 82 % May 33% Jun 4% 300 43% July Feb Jan 7 100 93/3 , __ Aug 110 Jan 5% & common__25c $5.50 pfd 90% 125 134 „ 135% 50 343/4 34-% Jan 83 5 Jun 132 Jan 29 % 8% Jun 11% Feb 8% July 108 108 20 108 Jun • preferred no 110% 30 110 Mar 6 • Mar 35% July • Gypsum Lime & Alabastine 136 Feb 3% Mar 1.100 93% Mar Jan 6% 600 73/4 4% "5 450 351/4 7 __ "% 500 20 275 8% 11 9,100 10% V/i 1% Jun / Feb 25 ' ? Jan % July 20% July Jan 11 7% Jan % July 12% % Mar 17% July 30 Jan 7 900 1% 20 July 1 —' Aug 1% May Jan 5 111% Aug Jan xll5 May 10 July 2% 3% July Apr 5 Jan 2% Jan 3% 3% 3% 2,700 10% 10% 11% 7,800 41% 4% 400 250 87% Feb 94% 96 - 12% Jun 5% July 97 . July 99% 100'A 60 92 Feb 101% July 106% 106 % 20 100 Jan 107 18 Jan 120 ——— preferred—100 (D Kleinert I * 20% July Apr Kfceuger Brewing ■ 100 5% Jun Jun Jun 67% July Jan 55 Feb July % 1.800 3% ?« 5 2% Feb 4 4% Jan 5% Mar 15% Feb 8% 285 105'A 106% ■" 1 10'A July Feb 21 Jan May 106% Aug Feb 95 Feb 700 11% Jun 13% Jun 300 7% Jan — 11% 8% 11% 9 16% July 12% Mar ICO% Jan 84% * -4 , Mar 16 -4. 106% 1% July % May 200 12 / 113 Feb Jan 400 3% * 4% ' _'>• 1 : Aug 45% — — , Co July 19% 56 3% .4, special preferred—_—10 (S H) Feb 12 111% ♦ Kresge Dept Stores— 4% convertible 1st preferred 124 Jan — -f: 100 preferred July 9% Mar, 9% 600 3,100 • 10 1 Inc Stores Koppers Co 6% Kress 19'A 5% " 1 Co Ltd— Emil) Co common (I B) Rubber Co Kobacker 12 16 18% * 300 100 100 -1 1 Knott Corp common ' 121 12 5 Inc 70 121 121 11% 9 9% Mar •' L 100 Lakey Foundry & Machine Lamson Corp of Delaware Lane Bryant 1% preferred Lane Wells Co Convertible Oil Line 3% 3% 100 1 preferred Inc — 5% Lit Brothers Steel Locke Class 35% Mar 1% 7% preferred class A 6% preferred! class B Louisiana Land & Exploration Lynch Corp 26% May 29% 500 10 Apr 13 13 600 10% Feb 14 July 16% 9% Feb. 1% Jan 25% 3% Jun Jan 20% Apr 15 Feb 17% Jun 400 16% 150 9% 6.100 15 .U . 70 16 775 * • 64% 67'A 825 pa 7y8 7% 9% Jan 8 II 1,900 73% 6^% 1 Jun 18% 72% • July- 9% 1% Feb Jun Aug Jan 51 Jan 75 July 49 Jan 68 July 4.000 ~T 6% Feb 8 Jan 113 May 32 ' May 109% July 26% Mar 8 common 1 % July Jan 500 13 2% 16% $6 pfd Louisiana Power & Light Iff 32.000 31 5 Long Island Lighting common Apr 5 Va Mar Feb «£'■ 10 __* 100 100 Chain Lone Star Gas Corp new common 6% 25 22% -.* A_ 26% Mar Feb Mar 12% • common Groceterias Loblaw 14'A July 12% 12% 10 Corp Jun Feb Jan 3 26% X27% 1% July 280 35 34 8 Material Co Lionel 21 1% 4% 110 Feb May 200 4 1 * 25 __1 4 Jan 9% 1.100 13% 13 13% 18% July Jan 2% Jan 105 Va class A—* • Development (R G) —J&. 2% 59 Jan 12 1,000 Jan 37 3.100 3% common Lefcourt Realty common Le Tourneau 1.080 16% 3.% ^-100 B Leonard 56 15% 3% 5 Langendorf United Bakeries Class 54 16% 1 (N J) Lake Shore Mines Ltd 55% 1 RR Lackawanna Lipton (Thos J) Inc 6% preferred—25 90 —' 1% July Jun 109 108 __ Feb 19% J. 106% May 51% 37% 11% 12 600 711 -i 113% July Jan 10% 157/3 Klein Jun May 9% 16% 1% *»<«* ——• 7% Kirirland Lake G M Jun 51 % Mar 11% 11% __ 87 Mar 100% 49% July ■ 106% Kingston Products Kirby Petroleum 2% Mar • Tea— Greenfield Tap & Die Grocery , % • ——10 Co Non-voting Great - 6% Jan 48% 48% Aug — 100 pre.'erred D 5% 2% July Feb 130 19 150 '-&■ Lt 5%% pfd—100 100 preferred preferred pfd Kings Co Lighting 7% pfd B July • class A Atlantic 7% 84 Jan 500 1 Mines Grand Rapids Varnish Mfg Aug 74 100 1 Va 95% Kimberly-Clark 6% July 101 1"% • preferred Mfg common.— Great 132 86% • Gorham Gray Jan 1% —• preferred Gorham 40 82 2% July Jan 2,600 48% 1 1 —1 * — Key Co common— 4% July % Jun • ' B Goldfield 80% 1% 2% 19% 1% Royalty Ken-Rad Tube & Lamp A 8% May 21% July Jan • • Coal Feb 79% Jan 50 82 * K July Jan 115 10 101 16 3% • Co Godchaux Sugars class A $7 130 ;5 i 100 " • - Gladding McBean & Co Class 130 100 8 19% -C * —• Mills— preferred Julian & Kokenge Co Jun 8 14% 84% Gilbert Alden 20% 20% 20% 130 • • • Glen Jan 50 20% July 2" —1 Equipment Aircraft Engine Co 1% 1% July 1% * preferred. Georgia Power $6 preferred $5 preferred Gilchrist Jan 86% $3 Preferred il 100 Jan —/ —50 $3.50 preferred Home G% Jun 3% 100 4% 8% 15% Jan Jersey Central Pwr & Jan 78 600 4% 1 •'; Gen Water Gas ft Electric common (AC) 8 Feb Jan • Corp com preferred— convertible $6 Feb 1% 1 General Shareholdings ' 1% 8% //__ preferred series A Ftreprooflng common Gen Jas ft Elec $6 preferred B General Outdoor Adv 6% pfd 100 General Public Service $6 preferred—* General Rayon Co A stock General 25/s — 8 July 70% 1% l% 11% July — — — 52% July 2% __ Jan 8% Mar Jacobs Jan 12% 1 • Mfg Co common General 7% 7% May. Jacobs 17% July 300 1,000 9% 8f Jeannette Glass Co July 10% —'1 — 18% July 10 " Jun 4% July 16'% Mar 7% 100 87% July Jan 19'A July Jun 4% July Jan Aug • common— preferred Feb 14% 27 10"% Kennedy's 5 % 46 % July 77% 100 19% Kansas Gas ft Elec Gatlneau Jan 950 18% 6% July Jan 11 575 85 18% 9% * 1 Iron Fireman Mfg voting trust ctfs—* Irving Air Chute 1 Italian Superpower A • July 19% 450 44 83% —10 International Safety Razor B • International Utilities Corp com____15 25% Mar 64 25 1«* - 42% Apr May 23% — — 2% July Jan 5 % 56% Apr 3 Jun Apr Investors 27 1% 7% 29% July 100 700 16% Feb 600 2% 16'A 14% Apr 4/4 2% July 100 Interstate Feb 27 Apr 400 Interstate 4% -- 4/a 1 7,100 2% July 19% 27 200 874 11% July 300 - 4.a 2% 19% 16% July 1,100 — Feb 2% 19% Feb 99u, — 70 19 Va 7% Jan 1% Jun 2 Jan 19 3,800 22 A 22 % 22% Feb 46% 19 12% Ford Motor 66% 50 -£' 2,100 22% ' Jan 53% 8% July 25% Mar July 42% 51% 18% shs—• coupon Registered Interstate 140 114 Mar 106 • shares International Products 700 11% July 25% July —• International Petroleum Apr 2,500 Jan 22% Feb Machine—...—-* Cigar Jun 9,000 9 40 July 36 •— 51 — 34% Feb — . 43 7% 18% 13% July — 4^. 50 • International Minerals and Chemicals— ' 1% July 41 13% July Apr 49 100 4% Jan 600 5 0 /» 22% * of France— Amer dep rets bearer ——— Fox (Peter) Brewing new 1.25 Franklin Co Distilling ——J Froedtert Grain & Malt common 1 Fuller (Geo A) Co J Jan 62% 62 /« 991/ J non-voting Mar 31% __ __ Canada— Ford Motor of 1% 625 1,000 2% 16% 28% 6% ... (Phila) Ltd— rets ord dep Am 13,600 Apr 11 51% International Metal Industries A 12% July Jan 11 -- Association Ford Motor Co 8% 10% 200 49 International Hydro Electric— Preferred $3.50 series Feb 44 42% Mar International Aug ■ 10% 26 I' 120 ■ Warehouse Co__25 Federal Compress ft Jan 700 u- of North America——10 preferred 7% Jun 12% 12'A — Insurance Co July 16% July Jan 103% 100 34% — Mfg Co Fedders 8% 80 -- 11 2% Metallurgical Fansteel 1,600 July U 6% Jan 2% Common 38 Jan 5% "i 100 1 Industrial Finance v t c common 27% July - 2'% 16 26 6% Brewing Falstaff 1% Mar 100 12% — L 5% % preferred_100 preferred 100 preferred 7% 65% Mar 30 50 7 33^ 1 1 Airplane Apr % May 8% Feb 46% 200 11A - 1 Inst Co— Falrchlld Camera & 95% July 77,, 6% 6% F Fairchild Engine ft Jan 150 1 A 1 /« 39 A 40 A l /a 50 —1 Pipe Line common 1,900 88% High Low 6% 12% Indiana Service 6% 120 11 A 39 A rj Esquire 119 11% 1 IndianapoliT P"& 93% Mar 56 -- 10o 10% Mar Jan Range since January 1 Shares High 6% — ———————* • Jan 10 /« 10,« 34 i\l/a ili — Ireland Jun 16 7% 83% 34 13'« 9% July 600 -- . 10/« --5 1 56 48% Feb 48,500 10 90% 92% 9A ®|/4 34 100 • Equipment Jan Jan 5 14% May -- 9A - — —J Corp common convertible preferred Eversharp B *-r3/ ° <4 — 15 pfd participating stock Eureka -- ^3A -J Equity $3 51% July 9A —- National Watch Co Emerson Electric Mfg— Empire District Electric 6% Elgin Empire 51% July 8 * Electrographic Corp--.- Emsco Jan 94 Light 2d pfd A warrants Option 33'% 33% Jan ' Power ft Electric 100 425 8 common preferred preferred $6 47 47 A 35% 1 • • $5 46 45 A f- Imperial Chemical Industries— Am dep rets regis —-—£1 Imperial Oil (Can) coupon • Registered • Imperial Tobacco of Canada 5 Imperial Tobacco of Great Britain ft Jan 1 — $6 Bond & Share % Mar 3/4 -- * preferred series A preferred series B Eastern Sugar Associates— $5 preferred v t c Easy Washing Machine B Economy Grocery Stores $7 Electric 100 _3/4 — Vow Far High 46 45 A * States Corp Eastern for Week of Prices Sale Price Range since January 1 Low Sales Range Last York Curb Exchange New Shares Week's Friday 8TOCK8 High LOW Par 4 AUGUST ENDING for Week Last Curb Exchanf* York Hew WEEK FOR Sales H Hall Lamp Hamilton Co B Bridge Hammermill Ltd Co Hartford Electric Hartford 10 Rayon Light 25 voting trust Brewing Co Harvard 500 8% 8% ctfs 52 50 25 25 20 52 52 1 1% 2 1 3% 3% Hat Corp of America B non-vot com Hazeltine Corp 1 67% 6% 28 % 28% 6% b% preferred Hecia 50 Mining Co Helena 25c Rubinstein common 2 Preferred 25 Henry Holt ft Co participating A Common Rubber (R) i Horinel 500 (A C) Horn & Hardart & 5% Co Hussmann Jan 6% 4,500 Jan 7'A 30 48 9 Va July 13% July 12 Jan 28% 12 Mar 3% July 23 May Apr May 15% 16 400 14% Jan 20% 21 200 18 May 22% July 28% 28% 28% 100 24 Feb 97/3 9% 10% 1,700 H * Baking Co • 8% May 13% Mar McCord H II Mercantile Stores • Jun Jan Metal 1 preferred A T/xtile • Metropolitan Edison $6 preferred. July Michigan Bumper Corp new 111 6 Va Apr 30 Jun Jan 113% Apr Participating ' 1% • ■ " ?•:; • a7% ____ 154 4% 81 400 60 2,800 300 8% 6,000 2'A 2% , Jan 138 25 Jun Jan 161 14% July 81 2'A Aug Jan 99% Mar July 8% Aug Jan % July Jan Jan 6 600 110 - 3% 41 Jun 8% July 13 8 V2 Mar 110 , Aug l'A Jan 2% May 3% 100 2% Jan 4 ■ 41 20 36 50 110 1 42 'A May Jan 112 May Jan > 116 Mar 3% 3% 400 2% Apr 4% July 7 7% 2,500 4% Apr 8 Va iy# 4,200 U Mar 1 Va July 6 Jan 7% July HVa ■- —- 11 8% Feb 5,500 112 • Preferred Jun 6% 2% 39% t. , —.1 Michigan Sugar Co Jan l%Mar Jan 3% ^ ..2.50 Michigan Steel Tube Jun 9 1% r 15 preferred 8 110 25c . Mar 119 • /8% ..100 May Jan • 1 Corp 1 5 26 7% £- 800 9% 1.700 Jun 3 II 19% 19% 100 17% Apr 20% Mar Micromatic Hone Corp 5'A Jan Refining • 4iya 40% 41% 3,100 38% Jan 45% Middle States Petroleum class A v t c.l 12% 12% 500 8 Jan 13% May Fibre & Corp 3 6% 6% 300 4 Jan 1 2% 2% 500 1% Jan Co • 11% 600 6% Jan 13,600 9% Jan 11% Mar 4% 1,300 2% Jan 550 20 V2 Jan . 3% May Ligonier Illinois Power Co 44 10% 1 4% I—III 27% 28 • 5 3% July 12 12 12% • 900 9% Jan Jun 7% July xll% July 4% Class Middle B t v West arrear c Corp 8% 50 8% 9 4% 3,400 49V0 49 49% 900 43 % 12'% Co 12% 13% 1,400 9 % 11 see 5 common July Midland Oil Midland Steel Products— $2 Coro conv preferred—• 13% Jun Co • common 50 Abrasive Oil Piping Co __ ft; Supply 10 % 10% 26% page 557. 11% . 400 ... 9% Jan 26% 8% ■■ T!; 22 26% 200 Apr 30 Jun 8% July 200 15% Jan 22 July 22 2 Ve 2% 2% 100 1U 1,100 60% 300 52 100 190 Minnesota 7% pfd__ __ioo 100 100 July Mississippi River Power 6% pfd__ ..100 113% 113% 113% 59 July 9 1% 60% 2 % Jan Apr 13 23% 8 Va 15% Jun Jun 1% May Jan Light Mar 24 100 Jan & 10 Jan 200 Mining Corp of Canada Minnesota Mining ft Mfg Pwr Jan 2 10% July 50% July • 9'A July 20 2 .■ « ' 9 10 1 Refineries 10% C • $2 non-cum dividend shares Midvale 9 '9 it"" '■ • 3'A July % - II] ctfs footnotes 1 29 Ve July Mid-West common preferred Zinc Scott Messabi Iron Co 15% 6%% Midwest For & 4% kVa Midwest Illinois common 154 80 Warrants Jun 33% Mar Jun 2,500 10% -4% 13 Jan 7% 7% ,7% . Jun July Feb 200 r 11% July 7% • 40 25% 7% ; Mfg B Jun 3% 200 28% 1 * Jun 85 5 300 1 __ Co Chapman ' 1 8 ft / _ • t c v Dredging 32 10% 19 — — — * Merritt 2'A Feb 4% Jan — — common Johnson Jan 31% May ■ Memphis Natural Gas common Mead — ' * Jan 116 28% —*' # Radiator & Mid-West Dividend —£1 _ 12 100 preferred conv Ltd 33 • Hydro Electric Securities •flygrade Food Products 5% Co Steam Shovel McWilliams 85 81 Marine Internat Communication Marion 85 :•■;-] • Margay Oil Corp Massey Harris Jan •• 5'A — 10 Jan 1% 500 2 — — preferred Consolidated Mfg Co__.— Mass Utilities Association Jan — a- convertible July 11% 2 - ____1 - - .. May 26 100 13% $5 Mapes 9% 13'% Mengel Stores Marconi Jan 19 Sugar optional warrants— Jun Jan 7% July 20% 1 common Huyler's common 1st 41 % • common (Harvey) Inc Hummel-Ross Jan • preferred Hubbell Apr 6 M Hardart Humble Oil 8% Apr 3% 100 44 5% 26 % Manatl Apr 4'A July 16'A Mar • Horn 4% iq A & Co Horn Jan II II II H 5 common Inc (Geo A) 2 Va 2.50 common & Co class Hollinger Consolidated G Holophane Co common Horder's • ... Heyden Chemical Hoe 7% Aug 10 • Co Hewitt 8 I 52 2% July 600 M Jan July Feb • Class A Heller 44 Jan 5 1% 1,400 6% 6 47 9% Jun 27 200 29 5 common Jan Jan xl9% Mar 2,500 7 • Hearn Dept Stores 5% 5 8% —• Paper 101 Feb 1 % Mar 3'/s July l}f Jan Mar 65 May 97% Jan 105 July 109% Jan 114% Jun • ; Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4305 160 NEW YORK CURB EXCHANGE RANGE Week's Range for Week Sale Frice Missouri Public Service common Corp Pictures Society A Monroe Loan Dakota Utilities— Montana Ward A Montgomery Investors partic Moody Low 23% 8% 100 176 Jun Aug Plough 25 1 7.50 7 80 165 18. 1% 150 37 500 July May 157/a Apr 28%-Feb 9 5o Mountain Producers Mountain States 1% 10 ( 100 18 10 127 18% • 2% .—• 100 Mfg Co Muskegon Piston Ring Muskogee Co common 6% preferred 400 135% 135% 100 Murray Ohio 1,100 21% 21 • Jan 1% 6% - 6'/a 14% , ;V V' Feb 178% July 19 37 10 % Jun Jun 2 5% Jan 6% July Feb 21% July Apr 136 % July 13% Jan 18% Aug 11% — — Jan 14 Va 6% 50 14% 7% 1% Jan 100 18% Jan 10% Mar 64 Jan July Mar 80 Inc Pneumatic Scale Power Pratt & Lambert 9 '/a • 1% of Nevada Corp Producers 28 Feb 32% July 35 Jan 35 Jan 44 y2 Mar 12 Feb 14 y2 May 58 Feb 12% 13% 3,000 12% 11% 6,900 • • * 13 13 10% 11 400 * 14% 14% 200 • 22% 23% 1,200 National Refining common Rubber Machinery Steel Car Ltd National Sugar Refining National Tea 5%% preferred. Nehi Corp 1st preferred pfd Corp (Herman) Nestle Le Mur Co class A preferred $2 preferred New England Tel Si Tel Clock Haven New New Idea Inc 1% . Arizona Land & 1% Auction N Y Jan Y & N Y common 26 Jan 10 110 May 114 Apr 88 July 4% Jan 8% 8% 1,200 8% 8% 400 8 - 400 9% Jun 9 6% May July Feb 62% 104% 105 104% 12% 19% 62% 1,800 3 2% 62 y4 Apr 6% 18% Mar 54 Apr 100 62 2% Jan Feb Jan 700 19% 12% • 7% 104 140 13 Va 9 Jan 47% 2,125 Jan 18 ' 60 61 5% 3 87% Mar 3% 109% 13% July 20% July 64% July 3% 4'% July Jan 8 29% 100 7% Jan 10'A Mar 250 21% Jan 30 Jun Jan 14 V2 Apr 14 2,100 11% 50 112% Jan 117 105 20 102 Jan 106 V2 500 13 Jan 13% 116 • 105 105 ' Feb Mar 35 115% 116 preferred—100 Jun 30 8 29% Apr Aug 20% Mar Jan 2% 900 35 8 preferred Jun 3% Jun July N Y Shipbuilding Corp— Founders N Y State Electric & Gas ' ■ N Y Water Service 6% J Class A 79 69 111 Jan May 75 Jan 8,400 69 , . 2'A Apr 3% Jan 2,175 2% 79% 68 , 2% May 60 310 65 78% 2% 74% Feb 83% Jan 77 >.yan 1/64 Class B optional warrants— ;;. Niagara Share class B common Class A preferred ~6 3 65 3Q. May : Feb Apr ft Mar 5% Jan Jan 105 106% 1 4,100 10% Jan 9'A Jan '2% Feb 2% 2% 400 1% Jan 8 1,600 4% Jan North Amer Light & Power common—1 % 1% 8,000 $6 preferred 112% 114 • 6% B 34% common— prior preferred Northern 5 North Penn 1 — "1% "l% 5% 5'A U li ; 12 % 4% 54% Mar 6,000 7 1% Aug Jan Jan Jan 3,100 400 July July 5% 12 . Corp Brass Ohio Edison Co B 87 Jan 90 104 Jan 108 Mar 114% 30 113 July 116 Mar 14 14% 2,500 25% 25% 100 Jan 87 4% common # 23'/a preferred Ohio Power 4%% preferred Ohio Public Service 7% 1st pfd • 109 % 6% 1st preferred Oilstocks Ltd Oklahoma Natural Oliver United Gas common 15 * Omar Inc 4% 23% 4% 24 109% 109% Co 1 23 Pacific Gas & Elec 6% 5% % 1st pfd 25 1st preferred Pacific Lighting $5 preferred Pacific Power Pacific & Public $1.30 1st Light 1% 18 y2 300 • 4% Feb 24% July Jan 112 % 115% Feb Parker • Motors Pen Corp 112 Feb 115 Jan 117 July Jan 113 Jun 5% 25% __ 25 25% 6% 18% 1,300 6 200 __ __ 8% 8% 100 6% July Mar 26 Jan Jun .6 * Aug 7% Mar 8 Feb 9 6% Jan 9 % July Mar Peninsular Penn Gas & Elec Penn Power & class Investment A Mfg Co—. — Richmond Radiator Rio Grande Valley Gas Co v t Rochester Gas & Elec Phillips Phoenix For Packing Petroleum Co preferred $1.20 convertible Ryan Ryan Securities footnotes see page Jun 9% July Apr 7% Mar Jan 8 108% Mar Apr Jan 6.200 10% Jan / 14 Va July 975 13% 13 Va 104% Aug 118 Jun 15% 13% - Jan 11% Jan 17 300 16 93 % 300 103% 104% 11 Jan 14% July Jan 13% July 8 Va 200 11 71Va 84 152 May 157 Apr 10 Va 11% 85% July Jan 149 May 11% July Jan 5% 1% ~~ 2'/a Mar 12% Jan 1% Apr 22% July 51% May 44 Va Jun 2% Jan 21% July 5% 3% 13% July Jan Jan M May 2 % May 500 3% Jan 11 100 % 26% July 3% .12,200 15 « 600 % Jan Jan 2,100 12 500 13% 6% Aug 900 ft Jan 2% 200 6% i Feb 5 Apr 5% July 16 July % Mar 1 4% July 1 Va July. 108 Apr 15% 14 Feb July 3Ve July 7% Jun Mar 17 Va 100 18 18 ~3% 240 60 7o , 3% . "4% . Jan 19 Jan 18 Jan Jap 10 May :^200; "r. V/i Jan 1 13,300 Va Jan AT 4%.Jan T 6% July 4% Aug Steel Apr 33% Jan Jan 5% Jun 64% Jan 74% July 43 Mar 45 102% 102 163% 163 % — — 63% , — 64 400 150 150 — 7% 7% 10% 11 29J/2 29'A 29% 7% 33 >• " 8% 7y2. 34 ~~ 500 8°0 250 500 1.900 90 Jan 161 Mar 2% Mar July 2%, Jun 106 % Aug 102% Aug 169 , 3% Jan 150 Aug Jan 7 Jan jun 5% Apr 22% Jan 34% July 8% July 8 10% July 5% 1,600 : Sonotone Corp Manufacturing common South Coast Corp common South Penn Oil Southwest Pa Pipe Line Southern California Edison— 5% original preferred Boss 100 : Jan July Jan July 34% July (A G) & Bros 1st preferred Spanish & General Corp— Amer dep rets crd bearer Amer dep Standard Brewing Co July 3% May 1% Jan 50% Jan 75 1,000 27 % Jan 35% Aug 64 Feb 93% July Jun 68 85 350 10% 300 9% Jan .3% 400 2% Apr 3% Jun 40 Jan 48 Va Jun 1 Jan 2% July 6% Jan 11% July 22 12 Va Mar "2 16,900 10% 2,600 16% Feb "l • 1 "2% 10 1% 5,500 % Apr 1% Mar 9% 550 6% Feb 10% July 75 % 250 9% 5 25 75 77 Jan 75% July % Jan 3% Jan 1,400 ~9% ~9% 600 6% 3% 3% 1,500 2% 12 • 5 • 25 —100 Apr 1,200 91 Va Feb 20 110% Apr 97% Mar Jan 69 12 1 1 July 67 -- -- 98 111% 111% Apr Feb 1% July 4% Feb 10 Va July 3% Apr 13% Jan 102% May 115% Feb 12 150 14 14 • • Feb 15% July 13% Jun 16 Jan 26 * Jan 32 Jun Jan 4 July Apr 275 Jan 2% 1 100 252 252 4% £1 100 • 1 1 1 4% — 229 10 Feb 2% 200 Jan 108 — 12% Mar 4Va Aug 111 Jan 16% Jun 4% July 3% Jan 6% Mar 2Va Feb 3% 600- 4% Jan 7% July 3% 200 2% Jan 3% Mar 43% 700 40 Apr 45% July 28 Mar 37 Mar 43% 29% Apr Jan 32 Va 4,900 4% 5% 6 400 2% 3 2,400 6% 1 1 25 10 6% 3% 43 25 10 5 1 ... 2% Jan 3% 31% 31% 1 Apr July 31 Jan Jan 31% Feb 1% Jan 2 July 67 Jan 77 July ,121 July 130 Jan 29 % 9 11% 7% 6% 5% 9% 6 % 8% Jun 6% July Jan 9% Aug 9% Mar 12 5% 8% Apr Jan 40 * 13 July 9% Jun 45 Jan % Mar U rets ora regis Spencer Shoe Corp Stahl-Meyer / Inc 2% July 19 6,300 25 2% 35% 3 preferred B 25 5%% preferred series C 25 Southern Colorado Power class A—25 7% preferred 100 Southern New England Telephone—100 Southern Phosphate Co 10 Line Royalty Co 46 % July Feb 14 500 6% July Jan 1% 10% 6% Pipe Jan 2% 32 175 2% July 82 • Spalding 31 29 Aircraft Co Manufacturing Co Southland 125 11 8% July 68 1 common Manufacturing Co Singer Manufacturing Co Ltd— Amer dep rets ord regis Sioux City Gas & Elec 7% pfd Smith (Howard) Paper Mills Southern Mar 33% Mining Singer Jun 68 8% May Co Jun Apr 61 Va 6% July 8% 15 34% * 1 * Simmons-Boardman Publications— $3 convertible preferred Simplicity Pattern common Jun 4% Denn Sherwin-Williams common 5% cum pfd series AAA Sherwin-Williams of Canada May Jan 4 Va May 19 2% • Control Shawinig'in Water & Power 22 Jan 11 V» May 43 19 25 Service— Bros Inc Shattuck 34 % 5% 2% 25 Co common 2% Mar 100 ~ 6 41 3% July 900 15,700 1,800 3 13% 8% • 1 common Seton Leather common Jan 94% 2% 5 Co Serrick Corp class B Jan 900 10% 25 6.800 104% 106 % 145 — 5% — — 64 4% ' 15 5% 1 1 * Sentry Safety July 29 100 48 42% July 11 % 25% 13% 1 Lock & Hardware Seiberling Rubber common Selby Shoe Co Selected Industries Inc common Convertible stock $5.50 prior stock Allotment certificates 9 37% 37% — ' Jan V 4% May 4% 50 pref Mills Scullin Mar July __ 2% Jan Jan July 8 :• Ltd Manufacturing Scranton Spring Brook Water $6 preferred Jan 38 102% 49% 3% • Oil Co Savoy Schiff 9 Jan 2 20% 50% 38% 2% 26% 19% 35% July 16 17 1 Sanfovd Apr 34% 105 % i7. Jan 1% Apr Jan 15% ~2% *3 6'A 1 Regis Solar Mar • 1% 12% 4,700 10% 2% Paper common Salt Dome Oil Co Samson United Corp common St Solar 50 1 557. 6% 12 & Haynes common St Lawrence Corp Class A $2 conv Mar Jan • common % Mar 105 Va Aeronautical Co Consolidated Petroleum Ryerson 82 32 • pfd 100 8 • Royalite Oil Co Ltd Russeks Fifth Ave 16% 6.500 1 Co 10% July ' f* 100 * 5 5 1 20 6% pfd D Roosevelt Field Inc Root 4% 1 c—1 Corp common Rome Cable 36 2% 25% ig- Pendleton Inc Roeser & 20% May 46 5% 20 Vs , * Stix Jan 46 • Pharis Tire & Rubber Philadplnhia Co common Jan Jan 40 1 Engineering Aviation Dry Goods Richfield Oil Corp. warrants Rice Feb 46 • Perfect Circle Co 48 % 3a 11 Reliance Electric & 24 * Power Co 3,800 13 Republic Reed Roller Bit Co 80 6% 20 • com 13 Vs 104 15% 1 • 5 Red Bank Oil Co 6% * Light $7 preferred Jun 114 Va Raymond Concrete Pile common • $3 convertible preferred • Raytheon Manufacturing common—50o 19 — 19% 1 Phila Electric Power 5% 106% July 6 Feb 5 25 preferred Pepperell 109% May Jan Jan 96% • common A 35% July 106 % Mar 108% 108% Jan July 19 y2 Penn Salt Mfg Co.. 50 Penn Traffic Co ———2.50 & 108*% 38 32% 33%. 33% 15 Va 35 38 7'/a Pennsylvania Edison Co $5 series pfd_* $2,80 series preferred • •Penn Water 37% Jan Jan 1 $1.40 preferred A Pennroad Corp common $6 37 V2 10 Telephone Jun 13 1 Co Parkersburg Rig & Reel Patchogue Plymouth Mills., 400 16 Apr 10 20 • Pantepec Oil of Venezuela Am shs Paramount 4% lft July Jan 6 Va 9% % 15 Va common Rath Packing Co. common Seeman 116% 117 • , common July 10 1 10 Voting Railway & Utility 27% Mar 114% 114% *00 Service preferred Page-Hersey Tubes 34 ■ Jan 43 lVa Securities Corp General 107% July 380 — 25 pfd Jan 13 16,700 15% 15% July 3% May 4.500 • common 26 Va 50 33% 1 156 33% 1ft 1% Silex Pacific Can July 15% Jun 108 __ __ ..I Securities— Overseas .100 .100 5 Filters B 7 1% Jan 7% 100 common Jan Radlo-Kelth-Orpheum option warrants. Railway & Light Securities Scovill 107% 4 class $6 9% July 5'A 11% Segal Ohio Jan 82 Apr 114 107% • Ogden Corp common Jan 5% 152 Aug 25 — 2 1,500 108 Quaker Oats common 6% preferred Quebec Power Co Schulte (D A) common Convertible preferred 107 pfd.100 Northern States Power class A Novadel-Agene 37 Jan 28 100 Jun Apr 37 Vh 27% May 300 i>0 Public Service 6% preferred 120 100 Co RR Nor Indiana 7% Oil Texas 1% Jan Jan Aug 8 52% Mar 1% • Central 34% y2 103 150 50 North American Utility Securities Northeast Airlines 35% 35 North American Rayon class A.. Class Jun 1,100 11% July 7% . Mar 14% July 100 1 Mines Electric 15 Apr 14% 13% 5 Nipissing ;; 32 Xll% Xll% 13% • Nineteen Hundred Corp B Feb 6% July 100 Niles-Bement-Pond ii: Noma Jan 1/128 200 1/64 1/128 36,400 % warrants optional 64 65 100 100 preferred 2d preferred 17% Mar 109 100 10 1st 5% 14% 14% $5.10 pfd.100 pfd Niagara Hudson Power common 5% 14'A 1 shares May 5% Jan 85% ' 111 111 10 Light 7% 17 29% Mar 10 Honduras Rosario Merchandise Jan 7% July 900 City Omnibus warrants N Co Jan 2'A July 500 2,200 • Y Y Power & Jan 1% ——• N $6 11% 9% July 13 % Mar 6% 1 New Process Co common N Jan 29% 23 Jersey Zinc New Mexico Jun 3% 14% 9% 9 8 10 Manufacturing Jun 13% July 121% July 5% • Co common 200 ft 15% July 28 % 13/4 • New 25% July 5% • 100 * —100 England Power Associates 6% 1 12 18% 100 13 4 93/a 5 Pyle-Natlonal Co common Pyrene Jan Jan 13% July Apr Apr Feb 9% 12 a29% 100 • 5 • *- Neptune Meter class A New 13 1 common Radio Co Nebraska Power 1% Nelson Jan 10 200 preferred $5 prior 11 95 — . 10 • • Common Puget Sound Pulp & Timber July 63 200 100 100 7% 1st preferred Puget Sound Power & Light— Jun 42 % Jan 12% July 7% July * Union OH Navarro Jan 30c National Tunnel & Mines National % Apr 8% 10 12.50 National Transit Jan 4% 11% * Mfg & Stores common Jan 50 50 preferred National National 2% July 35 National Fuel Gas National Feb 17 Jan —50c Lines common convertible $3 Jan 1% * Candy Co National City 14% 8,800 * common preferred National 1,000 1 common 23 Breweries National 7% —* Corp Bellas Hess - • —* 1st preferred 6% Nachman 9% Apr "3% "5% 33 Va 1 • 1 1 Prentice-Hall Inc common Pressed Metals of America Jan 13% 3% Co 7 55% 2.100 — .——5 * Premier Gold Mining 12'A 4 25c Alexander— Corp of Canada & 12 720 61% 112% 114 12% 114 10 common Co Polaris Mining Powdrell 60 60% • 10 common l3/ 18% July 3% July 37% 500 —50 Prosperity Co class B Providence Gas Public Service of Colorado— National 9 Pittsburgh Plate Glass Pleasant Valley Wine Co 100 Meter High Jan Jan 15,400 3U 8% Feb 7% 177 • Low 12 Va 50 100 Range since January 1 HUM Low 3ft Pittsburgh & Lake Erie Pittsburgh Metallurgical 2 Postage & L E RR Pitts Bess Shares • 2 Va Mar Pitney-Bowes for Week Range 1 Ltd Mines Pioneer 12 35% 36% Mountain City Copper common Mountain States Tel & Tel Gold July July 4% Mar 24 8% Mar 27/a 14 Sales Week's of Prices —• common Feb Jan 2,200 2,400 18 • common 11% July 3% Mtge Bank of Col Am shs Power Jan Governor Pierce 10% 7% Last p#r High 9% 176 Friday V Exchange Range since January 1 50 2 * • pfd Curb Sale Price 3% 9% t 10 Montreal Light Heat & Power Shares 10% 23% 1 1 1 common New York High 10% 2.50 Molybdenum Monogram Low • Mock Jud Voehringer common of Prices - ' Par . 4 AUGUST Sales Last Curb Exchange ENDING STOCKS Friday STOCKS New York WEEK FOR • • 2.78 4% lVa 5 11,800 700 1% July Feb 1% July % 3% May 2% 1% 1% 2,000 Jan ft Feb 5Va JuiV 4 Va 1% Jul J Apr - THE COMMERCIAL & FINANCIAL CHRONICLE 556 Monday, August 7, 1944 NEW YORK CURB EXCHANGE FOR RANGE gale Price i2y« common———-1 Convertible preferred 10 Standard Dredging Corp common -1 Standard Cap b Seal i ! « Standard Oil ; 4C (Ky)— 17% Feb |:19 108% 100 Jan 114 """% ~~fs 1 600 85% 250 1 Standard Tube I Stein < Stercbi Bros Stores * > preferred 5% 2d preferred Sterling Aluminum Products 6% , , «Mnne* * (J B> (Hugo) 700 Apr 6 2% 9 16 15% Corp. Jan 1% buhivan 15 j Swan Finch Oil Corp 12 Jun 1% Jan <J} : • ' . iy il' ' , . , z I : Feb Feb f- 1% July Aug 14% July 203/. May % 100 18% 600 14% 200 12% Jan 15% 25 14% Aug 15% 9% Apr May 11 24% 25% 22% 5 900 21% 7.800 6% Jan 23% Feb >jj Tilo Roofing Inc ! Amer dep recs def . . . i ■*, L. 1% ,1% j 3% 4% 2,300/ v $5 - , 18% .:l,ioo; Z.V " 2% 4% .2% 4% 5% ; .6% 6% A participating pfd... i 7,400 4% Jan 5% Feb . 9% 2 25% 2 2% ; 20 14% 59 ' 14,900 91 90 17% 16% 17% % 80% 1,000 "V.' 1% 1% % * fff • 117 1% 5,800 3 32 % 6,400 % 3,200 54% 54% 56% X114- 5,700 tV is 1,700 ' 32 : • - $3 Amer dep % Shoe -25 74 73%- 74% -28 44% 44 10% United i common. United Specialties common -.1 ... U S V S Graphite • 1st preferred with warrants.. III* $5 U S Radiator common U; U 8 Rubber United B • Pictures 1 Utah-Idaho A Jan Jun 93 Apr 6% July 285 Feb July % Jan 7% Jun A-0 .1951 Af-N .1971 J-D .1969 J-D .1976 J-J 104' •v 103% 104 .1954 A-O 121* Z 121" 121" ;ZZ;5:r£ 102% 103% 89 l98% 17 3V4S 1—5 9% July Utah Power & Light $7 preferredUtah R»dio Products nil Utility Equities ref mtge 8 July July 11 2% 4,100 •1% Jan A 2% Apr 2% Aug % Jun Jan 4 % / 100 »; 3,800 12 7 Gen mtge f f r Eastern Gas 8c Fuel 4s ser A Water Lt Elmlra i tl25 :7L:3 119 V $109% 109% Z:-■' 109 * 110% 105% -:;n;v 103 % 98% - 98% : 108" 102% $106% 107 y2- F-A- „ 104 119 : £ 125 99 ; ; 104% 90% 99 93% : 159 99% 100 " 99% 100 102% 102 ' r : ' 101% 43 : 104% 1956 MS $124 123 124 y8 1952 MS $102% 103% 102% 106 y2 1954 M-N $104% 107 103 106% -1969 A-0 Federal Water Service 5%s General 3%s A. Power Gatineau 4% July - 130 ' - - ,r; Z'.' Z .... Alden Glen Jan Jan 23% May Jan 28% July 1,800 2% Jan 3% July 55% 475 51% Jan 7% 1,200 4 Jan -1978 Mountain $.1 ' —; 34 3 106 Va 107 3-D $99 J-J -1950 J-D ——1968 4 68% ■ 104 108% 103% 107 A-O A-O $102 A-O 105 5s 105 105^ 105 ft 107% • 1963 105 y8 11 104% 104% 76 103% 103% 103% 4 102% j-j ; 99%-99% 10 93% F-A 1958 lien & ref 5s 102 M- N —1950 5s 1 103 Af-8 1st & ref 5%s series B—.—-.1957 75 102 103% 103 103 64% 106% 111 $ 107 V\ 108% 1949 Jan B Illinois Power 8c Light ;Coip^'i^>v:-'.'; v 1st & ref 6s series A———1953 1st 101 : 102% 102% 102% 68 y2 Hygrade Food 6s ser A——Jan 1949 series 111% ' 6s Houston Lt & Pwr 3%s 6s 103% 103 $105y, 107 106% 103% 98% 1 103% 103% 103% F-A 101s/8 100 7 111% 111% 3-D ..1953 "1 101V* 102 101% J-J -1963 3%— West -1950 -1950 stpd 5s Pow _ 63 *V 103 Va 103 Va MS 97% 100 101 104 26 99% 100 $102 :103% J-D US Grocery Store Prod 6s & J-D , .1965 4s West 4s Grand Trunk J-J ..1948 4%s series A—. ..1941 Coal (Adolf) SAGobel : —, Rayon Co 6s ser A 99% 99% 99% 2 1071/4 107 >/4 2 105% 103% 101 93 101% 22% July 18% -1953 Serv 5s Pub Georgia Power b Light 5s Service Feb 3 2-2 83% 5s b RR 5s EI 5s District Hydro-Elec Jan 21 v.'7% b Light Electric Power Empire Indiana 20% . u 104 V2 98% 104%* . 116% ■ Indiana 18 IZ r-i'v % 104 (Bait City)—; July 20 — Q ser 4%s„ 5 14% May 13% July Jan 1% 4% July Feb 200 2% 3s ser P ref mtge 2%s Consolidated Gas Jun 55 —1 Feb ■ Jun -10c common $5.50 priority stock I 5% Jan 1% 2% V103?/a * 103--104%' ■<*>■'■? 104 (Bait) Lt «: Pr series N Green 91% 20% 97% .1968 Great Nor Power Jan 20% 98% 106 V- 19, 5s.__ 7s A. 104% 91 103%* ^ J03- 105 i: 99% "3 ■ 103 y* 77% July Jan 5,100 >103% 103 % : F-Aw 44% May Jun v: Apr 4% _L 104% * 63% Mar 39% . 2% 4% MS: F-A 78% 13% $104% 106%-;" >**; _( A-O 2030 100 13% v I 79 *-V •101% 104 i 1 » 62% • 78. 102% 102%" ■ MS 675 13% ! Jan 1968 — .1956 Mar h 3,100 14 7iW'V%70'r*Vl%' a-o* 3-D -3% 4 ; .1944 -1% ■ • 100-" 100 - .1958 87% 2,100 1 Sugar ' 69 ::",..37:.'.,;.'!. 53 .c .-•ri—' z>98:.'':ioo% 5t% ,50% •50% 3-Dr; Cuban Tobacco 5s— 1% ■ :';:^-'::vi05% lot 10T%" ^49— 50% - *' - Continental Gas b El 5s 3% 2ya $107 - 49% ; us .1955 ;,ioi% 103VV da 7/. i m ia 99% 103% 37,.t * j-d; Feb 86% * ; 1 37 - 101% 'ltuvi*- " Jun 87% -10 common 1964 101% 104% >9 102% 102%' 101% W-N July •Zl% 4% ; Products Co * Debenture. Jun % Mar vJan » 11 Voting trust ctfs Universal i 5s. Consol Gas El A Jan f 4% Mar —10 Insurance Universal . 100 1,600 3% Universal Cooler class A Class 69 42 7% 2 Oil .1953 101%. r-101% im%- 102% ' • 121% Jan: Jun % 625 -8% lioc ... Paper Universal Consolidated Universal ' 130 - 6% • Reclaiming, Wall ,44% 8% 6% 1 United Stores common.. —»1970 ;:i50 %, * 105% 106%; $107" -titr*": A-0 : Jf-8 : j-d*■ 115% -119,,120%, vise 186 • * .1958 1st A Feb 5 and International Securities.. Q-?z * -, 4 .;-.ti55' .1950 Guantanamo —1 common 1962 —1968 2%s— Service - ,1st 18% 6% Mar rU S Foil Co class B 1 fiV^S—— 113% 20 '<119;>- •"•;VT19. IF-N ' —1998 — 113% 114'*"" 114" 3-D ' 1960 Connecticut Lt b Pr 2% Mar 95 Feb -10 — Machinery Preferred l\r U Jun 263 - 83% 600 50 > ; 1% 74% 26 f Mar 61 Jun 106% 109 international Power Sec— > ,i A6 Vis A7s A 7s 1941 35 $31% 34% 7-3 1952 Debenture Altalian Superpower 6s 35 J-J 1963 15 22% 33 95 % 38 88% 96 69 32 J-J 30 % 94% 69 94% J-J 1952 6s 25 37 $32% 33% 30 >/4 1957 5s Power 33 35 23 (July 1941 coupon)——1952 Interstate 33% 25 1057 coupon) F series A7s $31 21% 1957 E (Aug 25 3-D F-A coup)..—.1955 1941 1 (Dec series ——1955 C series A6%s • A 7s 2% July > 83% 107% U-N Indianapolis P & L 3V«s—1970 Feb 8% July Feb Jan 32 6 ; 60 ' 77% 1 28% 18 106% 109 106% 106% 107% 107 36 Jersey Cent Pow & Lt 3%s Kansas Electric Power 3%s ValSpar Corp $4 Vogt common convertiole Venezuelan 1 preferred. 3 « .... 3% 471 9% " Manufacturing 3% 5 Petroleum 47 1,500 30 1% 27 Feb 3% July Jan 9% 9% 200 8% Feb 48% July 11% Apr 13% ' 13% 13% 100 8 Feb 1965 if-a 1966 J-D $105% 108% Kansas Gas & Electric 6s 2022 M-S $121 120 122 Kansas Power 1969 J-J $110% 112% 111 112% $107% 108 107 109 y4 106 108% & Light 3%s 1970 Radiator & Aircraft Co • ... 7% preferred Waitt & Bond class A j Class B ctfs ext stamped Metropolitan Edison 1948 "** Mviis com 3% 11 300 800 j • " in ~ page j -—10 557. 3 7% 4% July May 11% July Feb 2% 20 2% 97 100 14% Jan 20 100 1% Feb 2% July 18% Mar ~ 15 Jan •;••• July % Jun 5% 5% 110% 110% "9% 9% 9% 123 2,800 10 10% 9,500 10% 5,200 123 10 21 300 3% 108 Jan 5% July Middle States Petrol 6%s 1945 —1963 A-O 4s E Apr 111% July 10 % July 5% Jan 7y4 Apr 84 10% Aug 20 20 150 138 July 18% Mar 21 Milwaukee 4% Gas to Light 4%s ref 1978 5s 1 28j/4 May 1955 16 Jan J-J 1945 Nebraska 1 Power series Ltg 5s 4%s 1981 Amsterdam Gas Jan 20 Jun New 8V2 Jan 10% July New 8 Feb 10 Jan deb England 5s Power 3%s England Power Assn 5s Debenture 5%s 1961 M-N 1948 108% 103 % 106 105% 107'/4 102% 102% 108 102% 104% 15 100% 101% 108% 109% 6 108 111 117 >/2 118 ■ 105% 5' 101% 101% 7 116 120 10 111 113 111 > 8/ •,. 111 72% 88% 26 72% 88% 78 72% 8ff% 72 84% 85% 1 • 86% 86 84 V8 86 84 86 ■ $109. 103 107 Ill 101% 102 A-O 3-D 69% 106% 102% : Af-N 1954 62% 105% • M-5 ZZZZZZZZZl950 18 K 6 J-J 1947 67% 10 us 1948 5s ■ 103% 104 Va J-D — 103% 101% 104% 107% 107 y2 J-D 2022 A New Eng Gas & El Assn 5s __ 110 % 102% 6 104 F-A Conv 110 107 65 65 J-D 1957 New 104% $100. 3-D Nassau <sc Suffolk 6s 99% 11 107 107 Af-N 1967 Minnesota P & L 4%s Jun 23 20% Jan «*•» Valley RR— Extended at & 17 104% 105% J-J 1st 5 102% 103 Af-N Midland 108 108 Af-N .1965 series Mississippi P & L 5s 5% 20 21 Mfg_~ CorpZIZ see * I Wichita River Oil For footnotes 20 • lst^fdZZlOO Stationery Westmoreland Coal Westmoreland Inc Shoe 11 - 94% May # i on ..II" Western Maryland Ry 1% Western Tablet & Weyenberg 3% "~~g Manufacturing West Texas Utility £« preferred West Va Coal b Coke Western Air Lines Inc 11 « i We.ntworth 3% FA 1971 G 4s 7oa I 1 Wayne Knitting * A-0 Mfg— 6s W J-J 1966 Kentucky Utilities 4s McCord Wagner Baking voting trust 123 15% July Lake Superior Dist Pow 3%s Waco i 109 U00 5s— 25% July Feb 4 1,900 A :■ :• ^07 "108% :: 5s 64% July "> A- Jun .100 .250 29 95 Va ' 100 Sharing—. preferred 22% 85% * 1957 — Edisbn A General 6 Va r United h< - • Apr " 29.:v 33 Con?-deh 11% July 3 >90 6 % Prout C .1952 ; 66% Jtrlyv. Apr 50% i :»4V "95% ' > 95 ' 22% :> Debenture • Co Ltd— rets ord regis * $108 J-D .1927 i 7%'Jun 18 33% United NJ RR & Canal— 7; ••/7%'.'Feb ia Mar- % , participating preferred United Molasses ' May * ' - 95% US - 1 May Jan 29 29% 29% v:; 23 p: 49 24% 24% F-A u-a Central States Pr jb Lt 5%s stpdi.1953., Feb 1% 550 117 % 3 3 33 preferred , —1947 warrants— Canada Northern, Fdwer As Central 111 El & Gas 3%s Z <-5% July • Jan ' - 91% 23 V" 19 33 24% J-j :v (ACentrat States Electric 5s——1948 * A5VaS ———196*.'^ -us is May United Milk Products , 24% ' 11964 " • y 17% July 100 16 117% t; 24% Cincinnati St Ry 5%s A— 6s- series B ■ Feb " 106 79% (B. F.)— Bickford's Inc >. Jan '1% 150 91 preferred non-voting.^... warrants— 1st 300 : 128 103 Va - ' A-O ; Z ' 24% 1977 City Elec 3%s Boston ^'•3% July t 124% 23 "25 24%' 24% 'I " •V' .24% 9%-July • ■ 13% Julyv, ' 1,400 '.' .;v;.7% Jun /'; - • % • ; 24% 10% July.: - —2%.Jan t i.. .,300 * 10c Stores v r F-A 1955 Birmingham. Electric 4 %s: 1% Mar • J-J 1968 Bethlehem Steel 6s Jan: 4% July. 24% Jun v 2% -Jan'4 . ...100 .66. 9 United Light & Power common Au„ Common class B $6 J^n- ; ;■>: 109 % 3 $24 Jf-8 1940 :; M 5s series'B— Cities 4%;.4% ■■■£*;■. ..200 1 United Gas Corp common.. {; Z ,7 18%. Jan- 200 . ; 101% 87 iV.vv'. -. Telephone of Canada— 1st 109%"|,eh; Jan 1948 5%s b 80ns 5s. series July: 115 :% 11 Mar..!9% Mar,^ Z. 2.800^ V 4;, 12%. 25 Products.. Prior preferred- $7 .SO?. - j 104% 99 V !->l,..%;■ , .1950 ; 5s without 5s Bell 1% July , May 4%s deb 139 . 108% 109% ■ 4%s Atlantic juiyZz 12% ., U United worp warrants United Elastic Corp. 1st ' • > 106 107% 91% .90% - \ Z 101% . ■••••:"■—— >103% 104 V 91% r —i—10c preferred Option Feb J-J deb Avery Jan > —1953 $124% 125 ; A-0 4%s deb AConv J-J 1970 High 105 106% 62 109 % 109 Va J-J Elec Low ' r.';.: ' $100'/4 100% 1956 i 102% 101% 102 %,•■;. 101% i January 1 No. 106% 106% 2024 Assoc T b T deb 5%s Ar *4 1 Cigar-Whelan : 3%s Pow Range Since Sold 4% Jun ; Jan Apr 3 ... 4% July Bonds $109 "109% M-S Lt 5s b A Debenture 1% July, :; 800 ? ; r 7% 12% United' Chemicals; common. cum ■ ' , 100 $3 - 60 - • 2,800* Z ^ r, > .,1 ; 7% 7% j——• United Elec Pr IA Chicago .Rya 5$ ctfs— Union Stk Yds of- Omaha. I b . 22 1 • —• Corp.— Aircraft Paper 6s AConv deb 5s ■:"■" Canada;.—. United } " „ 1 t Union; Gas. of Feb /tZZJ?M 21 'flv, Unexcelled Manufacturing Co_i——10 ch Jun 3% 1Z M V*'-B% > "72% :3% n i Realization 57% t • Udyllte Corp. Ulen Writing AConv 9% July 106 ■•'.■ July 10 , 4— i. J-j -T;V, » 10 113 1 JEncii.,— Jan. 71% : f 80c; convertible > preferred;; h 1960 —1970 AConv 11% July 100 U Tung-Sol Lamp-Works.;. j■ f debs f deos #Associated Gas b Elec Co— x23 % Mar Jan .1% 72 {i Tri-Continental' warrants i' Truiw Feb 6% ' —• 100 . j Trans Lux Corpv-: .... j: Trans western Oil Co... 19% 600 11% July Friday's or 3-D May 100 , Jan 2% Jan $103% l03% J-J 6% July 10% July \7% Apr 1.300 4% 12% .12% ... 7%-, preferred... Tonopah Mining of Nevada... 119 . 2.500 :60 ; 4% • , Todd. Shipyards Corp—— lp.it Toledo Edison 0% preferred—; . . 10% 22% 11 60 : — -• ( Tobacco-Security Trust Co Ltd— |i Amerdeprcts or<L regis I!'; 10% 22% 10% 10% * - Tobacco Product Exports. V Mar 6 1 Jj Tobacco & Allied Stocks.: t, Jan Jan ' "1.100 14% May Bid & Asked e J-J s 1961 Jun 1 —1 \\ Tlshman Realty b Construction ' 22% common Jun Jan Week's Range Last J-J 2016 * 10% Shovtl Co •"12% 114% Textron- Inc 6 3% Jan 7 ' —1950 Amer 25% Aug 24% July ' 6% V*6% 8.600 Friday s Associated 21% 311 Interest Amer Pow b Lt deb 6s— May " 25% Apr 7% Exchango Appalachian Pow deb 6s • Jan 111 I ■ - !■ Thew Curb 3%s Arkansas • 300 3A 3% f debs 8 Appalachian 100 100 10% . Jl receipts 3%s < •: common— 6ya Apr JLow' Miah 2%s '-ylj/Xf-.r.'i 5% 4% ■ American Gas & Electric Co.— Apr 5% 4% 10% Period Jun 14% Texar Power b Light 7% pfd 100 Texon OH b Land Cd—— ,——.2 • ,i 17 18% Technicolor Inc > , 12 14% 1 : 16% July 14% Taggart Corp common Tampa Electric Co common— * 10 —1 BONDS New York ..'.'...■■1.; • . ' Jun 110, 2% July 8% 1.150 deposit July 6 ;: .—If :: r- ■ July -Feb Jun Jan 1 * Sun Ray Drug Co Superior Port Cement class B com.. 12 ■ 10 v Jun • ) •\ t'l/\ 12 12 • new common Machinery—— 100 ; Apr Jan 200 12% 1% 1 Va \ Stroock (SI de Co Jan 3 2,300 5% July 5% Wright Hargreaves Ltd 3 ' t 5% 11% 14% July Jun v 52 3% 400 Jan Jun 15% Jan 100 2% 4% 11% • pfd—100 Petroleum (F W) Ltd- American V.July 57 Jan. '^'9 900 5% • 1 High Low 8% 2% Jun 12 11% 5% Range since January 1 ' Woolworth & July U 10% 10% High Low 2% July 43% Co common,; Stetson 400 1.300 «% 1 | Sterling Brewers Inc 13 % May 1% 13% Jan 50 20 ——1 1st Heating. Inc Portland Cement Wolverine Woodley 53% Mar • 1 b Co common * % Jan & July 85% Aug Jan 7% 5,600 • Steel Co of Canada ; Shares • Co Winnipeg Elec common B Wisconsin Power b Light 1% Apr Apr 2% 2% 2 2% 19j/2 Jan 54 1.500- -fir • 2 class B V, 11% V4 1 voting trust ctf«—1 Starrett (The) Corp 11% 1 Standard Sliver Lead (A) 11% 1 Products Co Standard f ■' 82 £ 3% July Jan % i*6 85% ——< for Week Mar Common class B .Preferred & Products Wlllson July C) Oil-O-Matic Williams Aug Jan Jan 1,400 18% 18 -10 — (Ohio 1—5% pfd ;' Standard Power b Light— Standard Oil 26 Jan 2 16 (R Williams 15% May Sales Range of Prices Par High Jan 18% 550 26 25 26 20 preferred $1.60 convertible ; Low 6 600 13% 12% Last Sale Price Range since January 1 High Lota Week's; Friday Curb Exchange New York Range ft STOCKS J Sales / for Week of Prices ! Shares f,n«t Curb Exchange 4 AUGUST ENDING Week'a Friday STOCKS New York WEEK 102 y4103 ... > 110 38 95% 102 % 18 97% 103 v- THE COMMERCIAL & FINANCIAL CHRONICLE Number 4305 Volume 160 557 EXCHANGE NEW YORK CURB ' RANGE Friday BONDS Period or 1964 Low No. High J-J 111 United Electric N 107% United Light Power 104'A 1st 1971 Service 1963 1948 P-A „1955 1964 P-A 4s Pacific & Power Light 5s Park Lexington 1st mtge 3s Penn Central Lt & Pwr 4%s & Coke Portland Gas Edison Potomac of Service 104 % 104% 26 103 Va 105% 55'/2 55% 5 105% 105% 5 104% 5 Vis 105% 109% $107 108 106 108 J-J $107'/2 108% 109 109'A 106% 108% F-A 109 M-S M-N Scullin Steel inc mtge 3s Shawinigan Water & Pwr 4%s 1st 4%s series D 97% 97% . 106 2 ■ . 11 98'A 103'A 105 105 2 145 J-D 145 A-O 103% 2 103% 103% J-D $108 Af-3 • 98% Penn 111 73% 91 J-D 83 91 4 86 % A-O 104% 105% 103% 105% 105% 105% 103% 105% 105% 51 104 106 A-O 108 % 2 107 105% 105% 109% 109'% A-O 1960 J-D 40 40 1 / ' 105 2 ■ 45% 24% 103 40% 107 109 108% 110'%. i 15 6 117'/a 105% 109"% 13 114% 118 107 117 107 $99% J-D 94% $99% 1947 J-D 99% 101% 85 99% .97% 99% 1959 1959 5s stpa 100 99% 1937 to 5s BONDS 94% 96% • 100 . 96% 100% 85 Af-S .1989 Spalding (A G) deb 5s Standard Gas & Electric— ; A 6s (stamped). -May 1948 Conv 6s stamped May 1948 M-N 89 88% A-O 98 L Ss_. i— 108% 26 101% 104% 89 14 83% 91% 98 146 86% 97% 97'A 98 98% 97% ii% PebentureSs 1951 F-A 6s .-Dec 1 .1968 J-D 98 —1957 F-A 98 gold debentures. Standard Power & Light 6s 1957 1950 6s AStarrect Corp inc 5s Btinnes (Hugo) Corp— A7-4s 3d stamped A Certificates of deposit.. 1946 — 58 87 98 86 86% 98% 98 22 86% 98 97 98 179 86% 98 97% 52 86'A 97% 40 % 42 42 15 29% 44% 19 $23% mm.1946 — 1960 5s 25 6%s ALima —1958 F-A ...1968 3'As J-J ...1979 5s M-If ...2022 & Light 5s 106 T406% J-J 5%s_.—1952 101% 55 'V"f M-W $80 F-A L $23 $80 26 'j 16% 7 =■ 26 62 82 60 79% 19% 86 AMedellin 82 21r , " J-J .1952 $16 20 MS 18 18 5 17 1958 M-N 40% 40% 2 34% 7s 40 1951 J-D 18 28% 1947 Af-N stamped Mortgage Bank of Bogota— A7s (issue of May 1927> 7 27% 27% 22".. 1947 J-D Mortgage Bank of Denmark 5s .1972 ■■ ■ • ' 33% $39 A-O .1931 22, v :'*.y • (issue of Oct. 1927) A Parana (State) 40 40 - $16 rV >"-"-.2 20 40 36 40 16 A 3"D \ y 77::; *77% : 7; -- 17% 76 ,58 ■; . 1— 7s M-S 1958 40% 40% 39% 7% .1959 A5%8 - ' J-D J-J v.. 7% '•T7'/8 . 107 , $Friday's bid and asked prices; no •108% 117% 119 1017/e 105'/8 107 111 "w 6 15 100% 101% 34 96% 41% A Bonds being traded flat. SReported in receivership. 43% 3% v 30 . -:73% • 8% 85/a V n Under-the-rule sale. *v :%.j .. . • sales being transacted during currant week. •: ~ t ' i > .<?>,%. '.. .A* yk' v ' '' 'J A *" * * ;> certificates of deposit; "cons," consolidated; used above—"cod," Abbreviations y e Odd-lot sale,! , 34 2 7% tive; "conv," convertible; 101% 7 d Ex-Interest, value, a Deferred delivery sale, x Ex-dividend. • • • < sale, rCash J-J .1921 6%s Government A Russian .1919 6%s Janeiro 105 > 103% 104% 33 i 39% 6% ' de 104% 106% 108% 109% J-D 54 6%s stamped..1958 20 * r: ""'7" $119 f 120 * —»" 103% 57 51% $57 J-D 7s 32 .106% ~ 406 $57 V.C stamped (Peru) City A Ma ran ho A Rio 247/a 20% — • A City Rapid Transit 106 106 Va J-J High 7V" & Waterways— Port External A -A Service Low 20 30 (Hugo) A-O '"•'7' .1953 5s •No par Industries— .7-48 2nd stamped 1 January NO. 30 $25 J-J High * 20 A-O Range Since * Sold A-O AMortgage Bank of Chile 6s .98 96% F-A Bonds - J-J .1955 5%s— A7S A-O Friday's * 97% 101% or — - • 106% $105 108 101% 102 Last Sale Price Bid & Asked y Agricultural Mortgage Bank (Col)— A 20-year 7s— April 1946 A20-year 7s Jan 1947 Bogota (see Mortgage Bank of) .1948 ACauca Valley 7s Extended 103% 104% 72% 86% 16 86 85 .2022 4s„— Rys Week's Range Friday Interest York Curb Exchange .•I*. Danzig 15 104% 104% J-J F-A Twin 115% 111% 116 ..v Union-— ' extended Stamped Danish (Calif)- Gas .1971 Edison > Foreign Governments & Municipalities 10f 105% 106 108% 108% F-A Toledo 8 •' J-D Low 105% MS Power 113% J 93% .1970 Water 114 . $115% 116% MS debentures Co 81 .1965 series 114 - >'■' «... J-D Period 105% A-O A-O .1970 6s f s Rys New 105 Texas Powei >114 2030 5s — conv '{i $81 .1951' Tide ; -.7"- 1964 Traction. 5s 1944 6s 113 106 Electric • .1954 :. 1 128 104% Southwestern Gas & Elec 3%s— Texas F-A Af-N 1951 Electric Penn 103% 109% 127i $126% 129 105 Debenture 1952 2022 : A 3%s Western Newspaper 137% 152 107% 1st mtge 3s Stinnes West 105% ;-l ;; 145 108 & 106% 109 $106 P 108% 102% 19 , 99% 106% 6 107% 108 J-D $105 Southwestern 102% 103% 111% 92% J-J Indiana 103% 112 108% 12 108'% 108'A 108 Va J-J Southern 00 . .1957 Power Counties 111% 102 $106'/a 108 — dibs. Power A 103 100% .1947 Southern 5%s_1952 Elec 4s 117 5s California Edison 3s__ California Gas 3%s__ Southern income Ry & Water 107% Wyoming Coal 6s Southern 1 < (Maine) t Wash 6s 108 2 ... 106% 106% 106% •; A-O Af-S 1952 1979 1952 1951 1951 1967 1970 Harbor Water 4'As—. Carolina • Waldorf-Astoria Hotel— IA York 102-102 J-J-AA certificates Joaquin Lt & Pwr 6s 3 ASchulte Real Estate 6s South 1959 series 6s Wash West 106 16 109 $107 M-N San Sheridan ; '? High 110% 1 110% 110% — Low No. & Light Co- Jersey— A series Power High Co— (Delaware) Rys J-D Range Since January 1 Sold IOTA 107 J-D Queens Borough Gas & Electric— Safe .1949 4s 5%s A series A 5s 55% 40 $106 1964 1949 :—: New perpetual J Bonds Colorado— 3%s Sinking fund deb 4s 6% 104% 104'A Af-N 1961 1959 4'As B—; 1st mtge v 102 % M-N 1956 E 5s (Can) Public Service Co of Public 105% 1 54'/2 Week's Range or Friday's Last Sale Price Bid & Asked. 109%! 12 J-J 1950 P series Corp & cons Debenture Co— extended stamped 4'/2s 110 106% 106'/2 106 6s I Utah 108 105 Va 1979 Philadelphia Elec Power 5%s 1972 Philadelphia Rapid Transit 6s—1962 Power 104% 102% 2 3 109 103'/a 103'/a io6% F-A Pennsylvania Water & Power 3%s_1964 3'As 1970 5s 109 $106'A 108'/2 1977 5s 1st & United Lt & 95 >/2 82 15 87'/a 102% 102% - 109 A-O ■".0 A-O y? 3s mtge Public Ohio 102% Af-Nt 1968 Oklahoma Power & Water 5s lien United Light & Railways 1945 Ogden Gas 1st 58— Ohio Power 1st mtge 3%s 87 J-J Interest Exchange Low 1st 1948 (8% redeemed) Curb Period North Continental Utility Corp— 5 Vis series A York High 108% $103 y2 105 — New Range Since January 1 Sold $108% 109 'A Af-N 2004 Gas 3%s Westchester Lt.g 4s & Y N Friday BONDS Bonds Friday's Sale Price Bid & Asked Low N Y State Elec & 4 AUGUST ENDING Week's Range Last Interest Exchange Curb York New WEEK FOR "M," mortgage; "n-v," non-voting stock; "v t c," i," when issued; "ww," with warrants; "x w," without warrants. "cum," cumula¬ voting trust certificate!} . OTHER STOCK EXCHANGES Baltimore Stock Exchange Sale Price Par Arundel Corporation ' * Bait Transit vtc • Co common ' Preferred v t 100 c 1.50 10% 1.50 10 67% * Consol Gas E L & Power com 16% Range since January 1 High High 14 % 800 1.55 10% 67% 553 18 Jan 2.15 Jun 11 July 69 Mar Apr 1.00 May 7 2,152 Apr 57% July 50 6% of Amer Co Finance A common 20 10 136 __ 125 : Jan Jan 449 10 10'A 200 29%, 29% 60 60 46'% 10'A July 50 Jan 150 July 43 46 10'A 10'A 10% 5 5 Class B 136 50 136 136 46 * 1 30% 10% July -• —1 42% First National Stores....——-- Capital Corp General Moore Water Penna U Distillery (Tom) pfd vtc I Vernon-Woodbury Mills com Mt S & Power common 25 __ 25 —. 3.25 3.25 540 * 63'% 63'% 15 37'% 37% 38 50 ...20 Fidelity & Guar Western National Bank. 2 100 37% — 160 40 37% \ 27 * Feb 30% May 60 Aug 90 63 Apr Feb Isle Jun series A __ — 63'A 67'% 63% $16,000 Kennecott Jan 35 Jun 41 -*-33% Jan 37% Aug 68 24,500 Jan 59% Lamson (Del) 6% Corp 70 July preferred 5% Boston Stock Exchange Sale Price STOCKS— ; 100 44% 163% Shares 45'/a pfd 162% 163% 135 Range since January 100 100 1 £ 1 1.704 Jan 155% 45'/a Aug Service 8% 8% 85 7% 26% 295 24'A 9'/a Mar Apr 25% Feb 28 July & Albany RR Edison Boston Elevated Ry Boston Herald 7% 5% class 8% class B Northern class A 1st pfd stamped C 1st pfd Boston Personal Prop & Cities Providence & stamped For Range 100 10O 100 RR 96% Jan 115% May 32'% Jan 36% July 68% 69 95 66% Jun 40 7 24% 75 19 Jan 24% July 7 Trust .... Va 7 7 Jan 3% Jan 7% 200 5 Jan 8% Feb 7 120 5 Jan 8% see page 563. 12% Apr Jun 32% Jan 12% 8% Jan 13% Mar 42% 42% 180 35% Jan 10 37% 1.304 12% 12% 241 31.18 43% July Feb 34.53 7% 13% Jan 1 50 14 14% 30% 31 .. .. Mills • 50 —a RR Pennsylvania Mining Quincy Jan 172 12 ' Apr 445 28% Jan 42% Feb 7% & Mach 1 Torrington Jun 17% Jan 25 16% K:':~8 16% Jan 7.522 3% Jan 30% 273 23% Jan . 1 700 60c Jan J- 5 30 1 A 54 55 100 Feb 17% July 105 11% 7c 500 5c 35% 156 24% 390 103% Apr 30c Jan 98 Jan 102 1,125 5 102 Union Drug Drill Twist Inc United Fruit Co 6% 1,227 28.19 20 15 7% United 6% U 8 Shoe Machinery preferred Rubber common — 15c May Jan 35% Aug Feb 109% Jun 46c Mar j 105 Jun Jun 36 37% 152 25% Jan 40% 36 29% 29% 29% 970 25% Jan 31% July 100 86c Feb 1% 11 9% 3% ♦ 5 5 * 25 25 10 Jun 10% July 10% 38c 1% Mar 58 13% 35c Feb 36% Mar Jan 7 10% 34% 6 i Jan 47% 15% 104% 105% 35c * * Co Jun 34 *' 31% 4% Jun 33 Jan 7c 10% " Webster Inc Suburban Elec Securities common 2'A Jun 25 1% 2% Jun Mar 150 9% Jan 12 240 7% Apr 11% July 11 10 . 185 3% 675 2% 32 Jan May 4% 36 Apr Mar 33% 34 T 28 28 56 23% Apr 15% 16 Va 125 12% Feb 17% July 83% 85% 370 75% Jan 88% July 73% 74% 675 69'A Jan 78 July 44 34 16% 85% 73% 44 40% July 45 July fr 51% 52% 11% 12% 55 28% July .105 Feb 53% 325 10% Jan 12% July 196 „ 40% Jun 91% Feb Feb 6% 14% Jun 29% 16% 55 25 Co Hole Button Reece 7% Mar 14% July 28.19 ..6% " Jun 39% July 33% May Feb 14% 7% 8% Mar 4 100 1 * 42% July Jan 26 6% -if 7 7 31 1C Co footnotes 400 41% 40 6 7 Jan 28% 83 74% Mar 24% 5 Hecla Shares 100 100 • Trust Service Copper — 100 1st pfd Boston Calumet 68% 60 2,307 111% 112 35% 36'A 2.50 100 (NH) RR United Stamped Century 36% 100 • Traveler Corp prior preferred 7% 112 25 Maine RR— & Boston 100 — * 100 — England Tel & Tel— Stone Boston Boston Cos 164 % July * 5 30'% * Linotype High Feb ..50 Woolen Anaconda Copper 8% 773 < 31% — England Gas & Elec Assn— Pacific 7" 9.180 30% 165 — 5'%% preferred LOW 11 30'% 300 1 New 29 Mar 21% Mar 1% North Butte Mining. High :: Feb 77 Jan 32% 8 1 New Sales for Week of Prices LOW 100 American Sugar Refining American Tel & Tel American Par Week's 105 Jan 13 1% Narragansett Racing Assn Inc Range Jan 54 300 31% Nash-Kelvinator National Last 92 55 19'A • 50 -25 Util Associates v t c Mass Mergenthaler Friday 55 76% ——-15 Copper LoeWs Roston Theatres..—— 64% July Jan 51 6 Va Mar 76 101% 102 31 Va Co..—12% Royale Copper..— Maine Central RR common 1975 1975 Mar 39'A July , May 3.55 Bonds— Baltimore Transit Co 4s 5s Gillette Safety Razor 66% 2.00 May 100 Jun 34.50 34.50 * General Electric Houston Oil of Texas 6% Jan 4'% 12% • Inc 32'% 10% common Lines Group 25 High 69 Jan 19 __ 76% Association^ Engineers Public Service— SS i.7.7 56'A 39% 5'A •• Range since January I -50 67 5% v'V Jun Mar 11 .100 100 ;/*' ' .Low High 67 39% __ —100 preferred B pfd adjustment Employers Fidelity & Deposit Co .... Fidelity & Guarantee Fire Corp .—100 100 ......—100 1st pfd series A 6% Eastern Sales Shares Ftiel Associates—-' prior preferred..— 6% preferred Eastern Mass Street Ry com 4%% 5% ' for Week of Prices Low Par Low 16 Range Sale Price fj.K 'tyrj '> Eastern Gas &> Shares Week's Last STOCKS— for Week of Prices Low 16 ;.7 Sales .3FrM«y/v-Week'! Last 7 Range STOCKS Friday ii:- v . AUGUST 4 WEEK ENDING FOR RANGE 47 1.120 6 May 27.10 '13% 5% Feb Feb Jan 28.39 July 17% Mar 7% Aug Waldorf System Inc Westlnghouse Electric & Mfg • 50 12 101 Va 103%. y 107% Jun ! BONDS— Eastern 4%s Mass series Street Ry— A 1946 103% 103% $4,000 103% Jan 104'A May ? THE COMMERCIAL & FINANCIAL CHRONICLE 558 Monday, August 7, 1944 OTHER STOCK EXCHANGES RANGE' FOR WEEK ENDING 4 AUGUST Last Range of Prices Sale Price STOCKS— Low Par Aluminum Ball Aetna Allied Bearing common Laboratories Allied Products Class A & Tel Co Co Bendix 15 % 100 123/4 Jan 16% Jun 20% Jan 26 Aug 28 3/4 Jun 373/4 500 120 Co 163% 163% 150 156% Jan Apr 1% 63/4 aa-IAA 7% 1,550 100 1% Feb 3 4% 750 3% Jan 26 26 250 20 Jan 10 16% 163/s 16% 300 14 May * 10% 10% 11% 250 38% 39% 10% 10% 5 common —r 38% 38% 40 * 193/B 193/8 193/B Common ! 1 5 common preferred (A M) Central Illinois Central 111 8erv $6 Prior Chain 203/4 200 20 Jan 22 88 3/4 Apr 99 & •3/4 13 % 13 50c % * '•:&* V 13% 300 % 116% 116% 65 Jan 117 Jun 65 Jan 10% 100, 17% Jun 20 200 12% Jan 14,050 4% May com 6% 48% 48% 49 * new 6% * 35% 35 36% ! 950 1,325 44% 35 Jun 50% for 26% Preferred Chicago Cab capital Cities Service Co Commonwealth - 5 Mar 51% Apr 15% 15% 100 13% Mar 93% 250 63% 1,200 • 78% Jan 10 14% 14% 15% 1,250 13% Feb t 25 27% 27 273/4 4,840 243/4 Jan 28 1 common pfd part shares c Com part Common Crane shs v t 5% 5% 800 4% Jan 5% Co Inc (Alf) -r - Fitz • • Simons Four-Wheel Fox ♦ Drive Amer Candy General Finance Motors A—- 100 15% Jan 34 10% 53/4 Jan Jan 34 100 293/4 Jan 113/4 350 10% Apr 12% Jan 11% 13 12% 13% 1,050 10a/4 26 25% 27 1,950 25% July 30 47% 200 44% Jan 49 % 15 15 100 13 4% 43/a 1,000 — 8% 83/4 200 — capital Jan 51% Feb 200 4% Jan * 12% 12% 12% 100 8 Jan * com 32% ,'•/ common 15% 10% 10 % ~i % 3 * *3% 10 30% 30% 493/i Jan 300 12 Jan 143/4 Jun 300 333/4 Jun 36% July 30% 32 GOO 23% Jan 32 ' 303/4 79% Corp Corp RR capital 11% 500 26 26% 700 243/4 68 68 100 56% k 61% 61% 62% 150 56% 5% 400 43/4 373/4 1,700 35 Apr 9¥4 93/4 200 7 Jan 12 250 9% Jan 123/4 Jun Baldwin 8 Jan 10 Burger 13% Jan 17% Jun 1% Jan 4% Jun Cincinnati 33/8 9% 17 50 200 $ 4% 2,250 73/4 1,200 4 Mar May 18 53/4 May Industries July Feb 85 68 Apr 79% July 18% Jun 76 17% 13% Jan 6% 150 43/8 Jan 6% 6% 63/4 7 600 6% Jun 8% Mar • ♦ 50 400 18 % Jan 16 l83/4 550 10% Jan 18 3% .'.00 16% 11% Apr 153/8 Jan 213/4 July 3% 3% 1,300 1% Jan 4 6% 6% 6% 500 3% Feb 63% July 34% ~8 7 1 6 10 8 3/8 8 34% 3,900 Jan 27% 200 23% Feb 29 48 3/8 450 373/s Jan 51% July 16 16 100 15% Feb 18 Mar v 10% 10% 10% 1,350 8 Apr 12 July: \ 19 19 193/4 900 16 30% 30% 50 54% 55% 700 18% 18 3/4 1,500 54% 6% 500 20 % 300 31 31 50 6% Low 4% 18% 27 Apr 3 3 100 2% Feb 1003/4 Jan 1073/4 July "/a % % 22% 22% 227/a 13 13 14 100 12% 12% 14 1,650 23/4 3 1,100 Co. common Cooker Standard Noblitt-Sparks Ind common Northwest Airlines Inc see 700 10% 100 50 3 * 105 Jan 35 Jan 37% Mar 30 May 16 25 15 Jan 16 41 41 5 39 Mar 45 __ 12 12 254 10% Feb 13% July 36% July ? 3 300 48% 16% A Jan ...; 563. ■ Feb 25 Jan 22% Jun „ May ' 50 40 40 40 35 Apr 41 t! 10 100 8 Jun 215 12 Jan 17% July 15 Jan 24% July 5% Mar Jan A Juiy 223/4 Aug 15 City Ice 15 Jan 9% Jan Jan Apr 28 2% 250 • — a 413/4 Apr 48% July / 15% — 20% 20% 110 4% 4% 4% 385 3% Jun 186 51% Jan 19 28% Jan l_10 > 60% 29% 60 3/8 < 62% 29% 30 T 63 July 333/4 July 14% Jan 17% Feb Cleveland Stock Exchange Friday ; Last Sale Price STOCKS— Jun 250 15% July 38 July Canfield Oil Jan 41 July City Ice & Fuel — 40 40% 700 33 3% 20%"- 400 17% Mar - 20 % Mar 10 % Apr 11 Jan 26% 300 19 Feb 27 193/4 20% July 500 16% Jan 20% Mar 80 95 Jan 125 50 22 Jan 34 Cleveland Cliffs Corp Commercial Fostoria Low a5 67 30 / 10 ; io 96% 4%: 65 High ,;~: Feb Apr July 102 80 July 5% Jan 67 20% 273 14 3/4 Jan 79 80% 505 63 Jan I Aug 25% July 85% July 19 . . Goodrich Mar Goodyear Tire & Rubber 1 17% 17% 17% 1,306 13% Aur 133/4 133/4 80 10% Jan 14% Steel July " F) * 5 common (B Range since January 1 High 20% preferred- Bookbinding Pressed Shares 102 67 ! Cliffs Iron for Week Range 102 II100 Sales Week's of Prices Low .xlOO Basic Refractories Jan 1 a5 Apex Elec Mfg preferred Apr 50 July 8 3/s 'JHUi 32% • - : , 15% • Motors Standard Brands 313/4 Aug 3% July ■'■-/■ ■ 15% 10% July Feb V 25 * * 3% Jun 113/4 Aug 73/4 8% Jun Jun 1% General . Jun 5 % Mar < 8% 11% July;; * *- Rolling Mill & Fuel Columbia Gas 183/8 May 5% Mar 55% 'A V. Unlisted— American 100 31% Apr 59 Western Bank S. 37% 31 25 V 26% i0o 108 Jan Apr 46% July 13% July U. 12 122% 125 Apr 21 Jan 47% Aug 43% Jan Feb 20 122 % Jan 107 200 16 • IIII100 313/4 4 10 , 23% > — Aug Card Printing 400 103/4 23% Jan Aug July / Jan — Playing 15% 103/4 307 108 108 — . 8% * common page II 36% 36 36 35 10 S A 37 * 3 40 3% U class 15% .20 common Nor West Util pr lien pfd -■-.1% preferred A For footnotes ll3/4 47% 3 I "10 I_5 capital Inc capital North American Car common 111 Corp common Bancorp 300 1,250 313/4 157/a * North Northwest 3 ■ 223/( 5,400 10% ■ 5 36 10 Par Nachman Springfilled National Pressure common • 313/4 * National 50 v 100 * & 14 __ *! r 25% July ■' 60 11% July 1,490 Co— Montgomery Ward Apr 65 17% July 7% July 11 Jan 10% Apr 46% 93/4 11% Apr 8% tl7% 0 20 5% Mar * 11 * Mar July 16 —-—* * —50 guaranteed— 9 80 46% 11% 4,950 1 Miami Jan Jan 30% 3 30% ——* Lunkenheimer 90 106% 106% > —* ———! 175 10 12% 7 3/s 72 30% t, * A— 10% 22% 12% •/ 1 class 176 July 106% July —r——T-10 —1100 50 829 77% 10% 22% (Yards——* — 107% 8% 18 107/a Monroe Chemical Co common 8% 76% 105 —50 Insulation :> 3% Mar ' * 10 * 10% 3 Jan 270 Rapid Jun 21% July 31 10% Ho Mar 133/4 Mar ii 11 8 Jun Mar 16% May 13% Jan i 9 May 11 22 150 Miller & Hart Inc— 10 6% Mar 292 300 IIII 6 210 7% • Feb 73/8 May 100 56 17% „5 6% —_5 Ball Crank— _—_—! Little 25% 12 8 High 12% July 34% Jun Apr * Davis Kahn 15 32% 6% 8% 24 7% 46 Hilton Low 10 113/4 8 f Range since January 1 / Shares High 32% 2u Daniel & Formica for Week 113% 8 Sales Week's Range of Prices 55% 167/a common 58% July 20'/a July 53 % July 22 • common Apr Feb * —1 Mfg 14 40% 51 173/4 Modine Feb July Procter & Gamble 47% Minneapolis Brewing Co 52% 32 3/4 Randall Feb 173/4 preferred 213/8 July Apr 287/e Mar 8% July Apr 40 prior 3/4 Jun 52% 35 * $1 20% May 17% July Jan Preferred 6 20 31 32 Jun * Common 18% 27 —* Kroger 3% * I Jan 473/4 —8 .—; —— Preferred Early 1 Aug « Convertible preferred A Midland Util 6% prior lien 7% prior lien 6% 393/8 July 10% July 2,300 Sale Price Brewing Hobart 5 Common July 713/4 July 663/8 JUJy 2,800 —* Crosley Corp-...——— Eagle-Picher, July McQuay-Norris Midland United 28 16 3/a —10 — Telephone Cincinnati Union Stocks 8% July 72% 63/8 capital 12% July Jan 20% 1 Cincinnati Street Jun 76 common. Feb 15% 18% 25 Laundry Machine American May 17% common 9 July } 19% Par >11% Aug McCord Rad & Mfg class A Corp 44 Feb 15% * common Churngold 9% 6% * Field Feb 34 19% 1 5 • Last 8% Apr 7 5 West 8% July Jun 37% Friday 250 Jan 17% Lion Oil Refg Co capital Middle 11% July ; 7% July ? 69% July Jan 5% 373/4 STOCKS— / 11% Feb 1 Lynch Marshall July ; 5% July / Cincinnati Stock Exchange 11 7 19% ___l Mickelberry's Food Prod Jun 14 Jan —1 Co common July July 13% July 9 July 21% July 50 84% * ! 5% 11 13 Lamp— Mfg / 26 • 16 common 1053/4 Apr 250 300 Corp 62 350 400 Llbby McNeill & Llbby common Printing Co common Jan 200 8% 200 Lincoln Jan 4% / 400 7% 41% 7 preferred 8% 1,400 10% 69 8% 85 * * . Jan 41% * common 66 500 7% 1 common Apr 2% ' 29% July 26% Apr 41% i 18 Co 11% 300 7 18 & 600 5 69 8% Cumulative 13 83/4 July Feb 4% 107% LaSalle Ext Univ common 91% "7 50 Leath Jan 50 i , Cincinnati Gas & Electric preferred-100 ; 33/4 200 13 Cincinnati A 63% July 1,200 4% 73/4 Aug 193/a July Common Apr 71 73/4 13 / 23% common Mar July 8IV2 July 29% 7% Jan & Feb 503/a 50 1,950 29 Jan Tube 793/a 59% 45% 100% 100% 29 10% Ken-Rad 47% 58 58 19% Kellogg Switchboard Feb ; 143/s 450 common Jun 36 % 100 Co capital 33% 14% 22% Co Feb Jan 473% 17 (W B) 31% 28 200 18% Jan 353/4 22 Drug 13% Jun 27% 36% 17 Katz Mar 12 10% Aug • 350 17 Jarvis 1,100 650 22 common 17% July 1,300 • Harvester 10 3/4 53/4 July Jan 14% 100 International Jan Jan . 83/4 163/4 1 common 343/8 47% * Corp common U S Rubber 11% 11 l common Jan 3% 293/4 30% * common Co Brands Standard Aluminum capital 19% May - ; 3% July Jan 2 12 % 14 % common Co 16 Jan 100 29% Indep Pneumatic Tool v t c Indianapolis Power & Light Inland Steel 12% July 43 250 5% 10 29% . —•—* Pure Oil Co (The) common • Radio Corp of America common _• Republic Steel Corp common • 20% 83/4 10 Indiana Steel Products 5% Feb Feb Apr 323/8 Mar 1,300 14% Inc 20 • capital 100 33 24 July 6 27% 2,150 3 > 32% * St San com Aug 4% July 83/4 Mar Jan 8 2,650 Illinois Central RR 173/4 3% 17% 3 103/8 (Glenn L) Co common— Pullman Jan 13% July Mar 3% 123/B (new) 60 15 —— 623/4 common 20 1,350 173/4 July July July , 12% B 12% 35% 15 % July 47% 60 3/s Hein Werner Motor Parts 11% 35 17 Jan 103/4 450 22 21 11% Apr Feb Jan 13 2,200 53/4 July 38 34 Yi 250 16 143/b ———I Iron Studebaker 11% 12% class ; common Corp New York Central 36% July 60% Illinois Brick Co Martin 14% Aug * Houdaille-Hershey Steel Nash-Kelvinator ii 1 common 15% • Interlake 63/4 Mar 8 10 Dk Jun PC 38 14 22 Mining Copper Electric General 17% July 3,550 common & Jun 973/i 35% 50 Atch Topeka & Santa Fe Ry com—100 Jun 2,550 common Inc Mach Corp American Radiator & Mar 6% . 15 Feb 3% Jan Stocks- Anaconda 5% July 14% 6% - 5 common Heileman Brew Co G cap Motors 17% Adv Harnischfeger Corp Hupp May 13 v 5 Gillette Safety Razor common Bros 6% Corp Great Lakes Dr Radio Unlisted 243/4 July 1% new common Corp Outdoor Goldblatt 6% 13% 100 General 100 102 , 2 Jan 36 * 5 Zenith Jun 10 Preferred General 9% Apr 11 85 1,400 15% * common Standard Oil of N J Auto class Jan 2 50 150 5% 14 ■ 2 Yates-American Aug 27% Jun Jan 20% 17% * Transp General 933/4 14% 95% 5% & 36 * common Curtiss-Wright 20 Aug 25% Jujy Jun & common (Peter) Brewing com General ; Connell Dk & Dredge Co Inc Wrigley (Wm Jr) Co capital Bethlehem 150 Aug 11 14% 5% —.!— Aug 260 July 20 , 94% 95% : 1 common Aug 2% Jan * Common 7 24% 21% 14% July 82 ' 15 99% •50 • Bankshares— 33 Feb 243/4 20 Paramount Pictures Inc 1 ' V. capital Oil-O-Matic Jan 19 24% i * 5 Corp— Products common Jan 150 Jan 2 Co common 2% 25% 6"% 4% July 17% Mar 400 25 common 5 9% 5 15 Utll Corp Elgin National Watch Co • Gypsum Steel Wieboldt Stores • Domestic Industries Inc class A Electric Household S Wisconsin 5% July 18% Jan 2% £$ & Cohn Inc common—10 Co common! : * Dixie-Vortex 500 820 24 — .** Decker 50 7 98% 2% common 15 25 Cudahy Packing Co 1% cum pfd—100 Cunningham Drug Stores 2% Curtis Lighting 33 63A 25% 25 common 30% 15 •' 7 * t c B v 33 50 1——50 A._ c part shs Salle Street La Williams Consumers Co— V So. S 17% Mar Consolidated Biscuit common 100 11 Westlnghouse Elec & Mfg common—50 Jan 98 . common Edison 25 20 10% • " 25 15 > Corp capital (The) common Utah Radio 29% July 64% July 19 July 61% * common 300 20 %: ; , 5 Walgreen Co common— Jan July 91% 61% ^ Yellow Chrysler Corp 26% 450 / Apr 5 10 common common. Woodall* Industries common 4% 31% July 63% Mar i 10% Mar Jan 1 Co U 36 Ys-Aug July Corp Co U 6% July 19% Jan 2% 25 Machine Tool common United Air L Transp 15% July 6% 19% 15% 208 Chicago & North Western Ry— Vtc & Texas July 7% Jan Jan 9% 11% 20 capital capital Swift International capital July 58% 19% 15% 111 20 8% 1 preferred Chicago Flexible Shaft Swift 13% July 3/4 July Jan % Mar 26 56% 100 - if Jun 210 ' 65 8% 5 common Chicago Corp common 30 9% Jan 15% 64 8% * ^ % 1,750 A * Light pla 1,350 65G 250 10% 71% Mar 2 z Indiana Stewart-Warner Sundstrand July 3/4 of Storkline Fur Corp Jun 340 29% 61% 10% 100 5 Sterling Brewers Inc common 27 Aug 12% July 29% July 98% 1 common Cherry Burrell Corp Convertible Jan 203/4 * common Power Co Jan 28 96% * Belt Jan 9 50 203/4 - preferred— States 20 500 29% 29% 200 ——_1 Oil 193/s May 13% capital—* preferred— Dredge Standard Jun 97% Preferred Central 40 27 capital Common July Jan 22 5 Standard Trane preferred lien 100 Feb _• pfd 1 Central S W Util 4P/4 July 193/4 July 3% Works Lathe Bend St Louis National Stockyards 7% July Jan Feb Corp— Common Convertible 26% 27 < 29% Jan 14% 200 11% xll% 29% 5 343/4 50 10 common Pub Secur 26 !" 30 Spiegel Inc common 800 4 26% !■•/>'•• «... 10 convertible Castle & Co 4 26% 10 common Brothers 5% 4 South May Feb 82 • 12% July 17 4% * 11 100 13% 1 30 „ Jan 94% July 18 82 * common Corp Jan 2,900 , Jan 3% 61% 1 capital 8% 900 7 Common Sinclair Oil 4% May 79 v .- * Signode Steel Strap Co pfd— July Jan 30 A' __ 1 common—! Co & 24 900 ._* : Corp class B common 8 300 5 common 7 17 Serrick 29% /f' ' ; common..-—10 Mills common 4 Roebuck Sears CO 4% 94V2 18 . Co Co 34 % July 33% -1 common Cummins Schwitzer July 18- * common Electric Sangamo 27% July 26 Mfg Jan 9 33% 50 common Car Rollins Hosiery 5% July Brown Fence & Wire cl A pfd Butler 7% July ■2% Borg-Warner L) Jan 2 3/4 7 (E Jan 4% (The) Steel Reliance * 43% 10% Co 1 450 Co Pressed 6% July 2 Jun 4% * _ Potter 14% July 11% July 200 94 94% 100 — High May 20 10% 1 10 capital Low 13% Feb 14% /-4/Z 5 —100 A— Range Since January 1 High 10% common—.—10 common Shares 14% 10% 6 class RR Quaker Oats Co 163% Aug 4% 1 Bros B Switch Elec Pennsylvania Aug 2,400 5% 1 Bruce 113 % 2% common Corp (The) Poor & Co class B 40% July Apr May 6% 1% V,: Berghoff Brewing Corp Binks Mfg Co capital Corp 33% 108 3 Corp Aviation 26 50 _3 common Radio Bunte Penn 15% July 200 1% 1 4 common Bastian-Blessing Co 163 % \A 6 o common Washer Mfg Jun 17% Co. Peabody Coal Co 6% preferred Jun 6% 37% 100 capital common Aviation Corp (Delaware) Belden 64% Jan 113% 113% 113'/a —100 pfd Athey Truss Wheel capital Belmont Feb 4% 26 * x Service Asbestos Mfg Co Automatic 53% 500 Low —..2% common Peoples Gas Lt & Coke capital Mfg Co Public Tel & Amer Armour 100 6% Shoe Corp common Parker Pen High - 62¥4 15 % 25 preferred American Low Omnibus Corp— Chalmers Allls High 17% * common— Range since January 1 6 % 6'/a 5 1 Castings—; Nunn-Bush Shares 62¥4 Laboratories common——_—* Abbott Advanced of Prices Par for Week !■.//- .''AAA' for Week Range Sale Price Sales Week's Friday STOCKS— Sales Week's Friday /.Last Chicago Stock Exchange 14% 254 13 Jan July 13% July 14% Mar 40 Feb 54 3/8 Jun 36% Feb 50 Jun a51% a513/& a47% a47% ■ 6 100 . v 1 Volume 559 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4305 160 OTHER STOCK EXCHANGES RANGE Halle Bros common B—, (A McKee Cement —* class G) Portland Medusa National Acme Bros Ricbman ^—•. : . Products Van Vlchek Tool ; Products Jan 13% go Aug Farmers & Merchants Nat'l Bank 21% Jun General Mtors Corp common General 19% Aug 6% Jan 25 18% Jan Paint 17% 65 13 Vs Jan 17% 38% 384 32% Jan 20 46% Jan 75 32% Jan • % • Tire . a4?% &43 525 15% Jan 200 m Jan 2% 2% 200 17; White Jan 2 100 105% 105% 7 100 Jan a25% a257/a 20 20 Feb * pfd a38% a38% Motor Sheet Youngstown Tube & & 38 & Co Glidden Interlake 34 15 New Central common.:.-.— York Steel U S Steel 19 % Oil Petroleum Mascot 2% Nordon Apr Jan 105 % Corp Co Mfg 42% July Oil Pacific 14 y8 Jan 65 y8 7% Jan 11 July 10 Jan 14 Vb July 38% Jan 49 y2 Jun 47 Apr 53 Feb 51 35 Feb 39 % 25 Jan Company.. Products Clay Gas Elec & 19% a20% 41 15% 20 a al8$ a a59 a . 1st preferred Lighting Corp common. al8 Jan 17% Feb 20 Vs 16 Apr Western Roberts Feb v- 77 50% Apr 63% July 50 13 Jun 17% Corp 6% ; ' , __ Markets Public Stores Co Safeway 32% - 1 Aircraft . Chain Stores Chicago Stock Exchange Oil Adding Machine Continental Motors 1 common— California of Portland Co 1st pfd Fix __ Cleveland Detroit & Detroit Edison Gray Cement pfd ) ' •' ' , Gold Low * • ' *' v Steel Corp 5 Finance General common Industries Gar Wood 3 1 10 common.... 375 :6% Jan common General Motors common— 1% 48, 100 „ . May 1% Jun 51 2 % July Jan 15% 4% Jan 8% Tel Anaconda Jun 7% 4% Jan Jan 21 75c Jan Brewing common Graham-Paige common™ 12% 12% 1,222 11% July 6% 570 Jan 7% July 4% 62% 565 * 741 4% 3% Jan Bendix Aviation Feb Boeing 65% July 3% 1,000 2% Jan 4 4% 54,244 1% Feb 4% Lock Hurd & Mfg Products common...—1 Masco Screw Aug Die Casting Michigan common Michigan Sugar common Micromatic Hone common. common._4 Corp—...J... Packard Motor Davis Parke, Car 4 3 • 6 3% 1 9»/a 2,075 . 30 ' common Mtl Rickel (H W) Sheller Mfg Pr 1% 582 \ . 65c common—_i. common—.- ... Simplicity Pattern common— Standard Tube "B" common.—..: 2 i —1 1 1 * Tivoli Brewery common Union Investment United common 1 Specialties Universal class Cooler Warner 250 100 1 5% ^ Jan 21% Jan 9 6% 759 12% 2% 2,850 Feb Jan 15 May Jan 20 Feb 19% 13 % 19% 13% 20 / " "' • ; 1 ■ < Apr 30% Jan 13% 1% Feb Southern & Aircraft 550 3 Jan 3% Corp Foods ; Co.. 250 3% Jan 5% Jun 3% 110 Nickel Canada of Co 650 1% May 700 2% Sale Price * 5% al4 a32% — — ; * • — al6% 4% Jun 100 5% Jan Aircraft Accessories Bandini Petroleum Blue _50c Corp Diamond Corporation Bolsa Chica Oil Corporation Broadway Dept Store, California Packing Corp common..: Central Inc. com Investment Corp 1 4 2 Company 2.30 : 6% Jan 13% Aug 1,500 f .4% 1% 4% 735 400 1% 98c 3% Jan • Jan 1% < a5% — a38 — 4'% Jan Jun • 5c City Copper Central York Co —• RR_. Aviation, Inc. American Oil 1_. Company Motor Car Radio * —• !, 15 Shares 4,855 Creameries For V.;";V; Jan 3% July 6Va footnotes see page 563. ii (Ind) 25 " (N J) May 8c 909 1.80 Jan 1,300 1.30 Jan 2.00 July 416% 435 15% Feb 16% July 75 25% Feb 30 Jun 266 45 Jan 73 May 84% May , 2.50 July 1.65 95% Jun a91% *93% 209 13% 12%v 13% 23%; 23% 1,625 9Va Jan 13% July 23% 190 20% Jan 24% 10 io 950 7% Jan 10% July Jun Swift & Tide ■ « X . (The) Gulf Sulphur Co Water Associated Oil Co al9% — 6 a22 % — , & Carbon Corp.. 6% 340 67% 4% 205 380 ;— 13% 20 80 __ * 10 a35 al5Y8 — .. __ __ — a28y$ — al7 — 66 Vb ;v„ Jun Jun 4 y8 Feb 5 Feb Feb 18 Jun Apr 26% May % Feb 1% July 11% Jan 15% July 5% Jan 16 ! 8% 17 Feb 39 % July 43 % July 40% May 43 Jan May 16 Jan 6% Jun 35 Vb Jun 18% July Apr 4% Jun 53 Mar 4% Aug 1% Feb 28 y4 Jan 36"% July 25 Ye Apr 31% Jun Jan 19% Aug Feb 32% July ; 12 30 y4 > 8% July 6% Apr 65 Ve - Aug 65% Apr 48 % 42 Aug Jun - 1*4 Feb 1% Mar 15% Jan 21% July 7% Jan 18 102 Jun 16 V2 628 Apr 8% July Aug ",18% 19% July Jan 6% Jun 26% Jan 30% Jun 20 y2 Feb 24% July May 50 % July 3% 2,600 329 15 41 205 110 560 15 Vb Feb 87/s Apr 18 Mar 12 July Apr 21% July 88*4-Mar 97% July 16% 189 12 29 y4 Feb Apr 14 % July 31% July 32% Mar 34% 53% Mar 105 530 225 55% May Jun July 13% Apr 20 27% Jan 31% Feb 46 y8 Apr 49 % July 37 July 33 V4 May - 45 13 y4 100 10O 10 229 159 1,301 191 20 166 120 v,5 , 52 14 y2 455 274 1,038 al01%al03% al7 al75/s a41% a42% :/ 38% Jan 25% 373 20 24 485 33% July Apr '. 86 200 195 259 July July 45 Va A 34% , 13% Jun v 36% May . 110 a30% 15 36% May 770 19% 947/a — Mar 30 20 a32% a32% 55% 55% 18% 18% a29% a29% 47% 47% a35 a35 al5% al6% a79% a80Vs al07% al07% 32 32 a28 a28% 1% 1% ' a50% a52% a58% a59% ' 47% 47% , 41% 15 . a58% Feb 18,150 a8% 18% July Apr 13 % May 95 65 65 % July 5 Jan 50 100 205 888 125 70 19% 100 - Feb *21% July 34% 50 30 19% a30 — Jan 57% 80 65 Aug July 6% July 3% May 129 75 126 July 28 V Apr 56 500 155 19% 94"% 13% — r-i 43 Ve 5 al8 al8 5% 6 29% 29% a22% a22% a47% a48% al6 a 16% IOV4 10% . , 36% 'Feb 835 116 180 25 a8% 18% — a29 % _* Union Pacific Railroad Company—100 United Air Lines Transport 5 United Aircraft Corp 5 United Corp (Del) * U 8 Rubber Co 10 l/nited States Steel Corp • Western Union Telegraph Co.. 100 Westlnghouse Elec & Mfg Co 50 Willys-Overland Motors Inc 1 Woolworth Company (F W) 10 Carbide Jan al9% a20% — 1 25 25 Corp Company Texas Corp 12% July Jan 24% 26 a47%a477/8r 1% 1% — __ "• ■ 9 25 635 65 Vs 25 Union Feb 2.30 : 2.40 ,.4 io Co Oil Co Texas High 5% July 1 America j Range since January 1 2 • of Oil Studebaker Low 300 * Inc Standard • Preferred Jan ,43% a31% a32% 8 - 8% • —50 25 • Standard ».VI"v;!• High 64% >'65 5 Corporation Consolidated Steel Corp 2c May 3%c July Feb 30 19 — * • Corp of America Brands 1 10 • Co Pure Oil Company Sales " Chrysler Apr 42% a38% a38% — 8 Packard 5% July for Week 4% i 4% 3% & 4% 16 V2C 1.45 Aug • 163% a37% a38 a42% a42% a51% a51V4 27/a 4% 7% — — Pennsylvania Railroad Co Phelps Dodge Corporation Pullman Incorporated 4% July a28% a29% * * 100 Jun ~-<. 11 al3% al3% 7% 7% al8% al8% a5 a5% al67/8 al7 — " Ohio . Range 1.65 1 1.10 Jan a27 — 7 Inc North American Company 8% July 200 of Prices 5c l%c-Feb 156 Vb al6% al6% a27% ' — • New v:- a35% a35% a487/s a49% 4% 4% ... Copper Corp North Jan 200 Low Par 7% July 5% May 360 1,000 100 5,OCO 500 a21 a21% a38%a39'/B a62% a63% al4 al4% a32% a32% a39% a39% __ 19 Mountain 3% July Jan 8% ' STOCKS— 1 679 6 a38% • Montgomery Ward & Co Inc 3% July 2% July 2% Mar 2% Week's • 6% July Jan v 67% 4% a21 Libby, McNeill & Llbby Angeles Stock Exchange Last , Jun 268 20 25% 25% 1 Socony-Vacuum Oil Co Friday : a45% a45 % ; — • —_—• • Corp F) (B Standard 1 , 10% ■; 22% July 20% July 163% 163% ;>■. — 163% 1 1 5 1 Republic Steel Corp 8ears, Roebuck 6c Co Los '• 11% 11%! a40% a40% I— .* 0 Kennecott Jun 5% 4% 4% 4 Wayne Screw Products common 3% i%! 1 common '■ 3% July 7% July Feb >■ a7%ea7,/80 International Tel & Tel 2% July 4% 4% — :,• . Corp.—* Corp Northern Railway Co pfd Great Int'l Jun 8 %7 6 +,!" '' 65/s 6% 2%c 2%c 1.45 1.45 2%e 2V2C 6% 2%C 1 Goodrich Jun 9 26% 4% ; — 120 619 6% 6% 25 Graham-Paige Motors Corp Jun 13%> 13% _ Feb 18 * * Corp A General 4% July 3% Co Solvents General Electric Company Jun 2% Mar 3%;| 3% 3% 39 12 a22% a227% 20 100 * Zellerbach Corp. Class 13%. Jun 7,844 Vjt 2if Feb Feb 5 ; Elec Corp & Gas Curtiss-Wright July 5,055 -1? 30% 3%; — 35% 18% 15 Vultee Crown July 9 % Jan Co Continental Motors Corp 3% July May 17% Cons Feb 6 3%] 1 . Aircraft 2% —" A- B Class . 33% July 48 2,473 200 5 • 5 Corp Commonwealth Aug 36c Jan 5 2 %.. , 1 common— Jan Jan Loew's. Parker-Wol Peninsular *24% Apr 13 Works vtc Commonwealth Edison Co 1% July Jan Jan 24c 500 457 12 1% 1 4% 5% • common— 15,960 28c %f 1 common 540 . 20% 20% •12%.; 12% —10 • ; 12 % ■ Park Chemical Co common 1% . •" - May 9|| 9 . —--5 Wheel Motor Murray ■; 1 ... Jan 57c 3% 3% .1 1 :—• 50c 3,100 27c;> 28c 1 McClanahan Oil common 3,490 • 31% 8y» 6 Co Columbia 1% July 1% 1.00 m 1% 32% 5% — (J I) Co. Caterpillar Tractor 16% July 1%; ,—1 : Feb Apr Jan 18'A — Case May Feb 8% 77C > 1% 1 common K^insel Drug common 1,356 16 15% 15% Motor Car common Jan 30 y8 29% 125 3,030 3 Corp Airplane Borg-Warner Commercial Hudson 43 6% 9% 5 Bethlehem Steel Corp— 4% July 52% 2% 4% May 24% July Apr 37% May 6% 9% & Santa Fe Ry__10G Corporation Baldwin Locomotive Jun 3% 1 1 Goebel 10 7% May 22% 9% 14 50 (111) Co Atchison, Topeka 1% July 12"% Aug J July 4% July 1,430 2,024 100 & Tel Co Copper Mining Co & Armour July 1,903 2,145 1,700 18% 1% 62% Mar 15 Jan ; Si American Viscose Corp.— Jun 743 ■ 12% 20% "4 48 Jan 3 , Stocks— Rad American July 556 14% 7% 4% Jan 10% 30% 37% __10 1 1 Mining Co Stan' Sanl Corp... American Smelting & Ref Co... 9% July 183 • % 51 'u.- 41 273 715 . Jan *36% 29% > Mining Co Borden Detroit 31% 30% m-'K-'■ •; ':■■■■ Unlisted Amer High a lVz 1% 12% . Jan 51% Jun 42% Aug 47% May 2,452 10 Aug 4y« Jan 37% 10 ■:'V Range since January \ Shares High 20% 5 15 Ye July 37% Imperial Development Co, Ltd.. 25c Zehda Gold Mining Co—25c for Week Range 7 common__10 20 Nav common Iron 1.00 Mar 29% * : ' i/ 24 41 % 31% 30% , 13% Aviation Detroit 11% July Feb Sales of Prices 7% Apr Feb 3 Ye 432 1,275 520 23% 41% 9% 237/a Jan 7 5% 15 42% 47 14% 4% 9% Feb 87/a 200 137/8 37/s 9% 42% 47 Aug July a__ a— 20 307 125 . 10 ■ Week's , 46 Jun 49% Jan 50c ;a52%a52% 19% Cardinal 7% v Jan 40% 200 .... 33% 47% 300 a22% " Detroit Stock Exchange Burroughs 5% May Jan 3% 3%. '• 25 Oil Yosemite 14 Jan 6% Mar 32% \ 2 Corporation Weber Showcase & 1%! Jan May 25c 37% July 1 Corp Cons Chollar G & S Mining Co 1 * 14c 48c • Universal Consolidated Oil DETROIT 4 ■4 1 Feb Jan 15% Transcontinental & Western Air Inc_.5 vi & Brass common Jun 7c ,! , Jan Mining Stocks— McLaren common. 1.25 Mar 95c 1,025 5,000 600 30 137/e 25 25 * Calif Alaska Juneau Gold Aluminum 72y2cJuly 67%cJan ,100 . Jun * of Co Transamerica Telephone: Randolph 5530 Brown, July 35% 42% 25 Co Oil Union Eohn 18 30% 15% — 25 Pacific Sunray New York Curb Associate 51 Jun % * 4 Ltd— Co, Calif Edison Co Ltd Southern 8% Mar 15% Ve Aug 461 % —,v * • 1 Company Standard 8% 44c 1,685 —■ * 30 Inc preferred class B 5%% preferred C Members . Jan 6% 15% ...2 Inc.. Co 6% A 1 5 30c - Jun Watling, Lerchen & Co. Baldwin Rubber common— 24c 33% 6% % Preferred LotS 4 Jan 37% 37% -44 208 32% 32% . ,, 200 . 48% 48% 150 44%. 44% 766 al5% al5% 5 5% 5% 2,000 9% 9% 190 - 33 . 1 ... Aeronautical Ryan Security f Jan 107 1.09 9c 35c , 35c 5% 9% Warrants Southern •- 8c Republic Petroleum 5%% preferred__50 Oil Corp common • Oil , 21% July a59 % H' 70c 1.00 44% 21% July 110 16% al6% Feb 1% 17"% 70c 16 y4 July 8% 4c 2,200 41c ,.1,00 * 10 Sontag Last Jun 1,000 * 15c _. 25 25 10 Indemnity Co Solar Sale Price Jan May 92y2cJan 72%cJun 1,600 813 17% ■ . 25 Signal Oil & Gas Co A Sinclair Oil Corporation STOCKS— July 2,100 4% 15c 15c Richfield a 19% 19% 123 16 3% 41c * _ common 1st preferred— Pacific 10% July * r!> 1 <" 1 1 Pacific July July Jan Friday . 72%c72%c 15 3% 1 : -.— Ltd Pacific Jun 38% 25 6% Ford Building Jan 52% 15 1 . Co Corp, Oceanic July 18% Detroit Stock Exchange .9% 533 150 500 207 13J/2 Mar 490 29% July 10 New York Stock Exchange 200 10c Co Aircraft Oil 8% July 45 a9% * 13 ■ Iftc Co Lockheed Jan a9% Youngstown Steel Door common 13 ■ __ ..1 Jade Jun a23% a28% * common 460 50%. 50% 44% 175 • ! —_. common 10 * . 1 a37% a37% * Ohio Oil common Republic a47ts a47% * common Jan 55% July 1,715 a60% a61% 11 11 13% , 13% 47% 47% • * common Iron 1. Hupp Motor Car Corp • General Electric common— Jan 480 * com common Holly Development Co July Paciiic Rubber common—10 High 55% July 12 a60% 11 ; 44% July Unlisted& 1 • • Rubber Co 5% Tire Low " 130 1 480 ■ 10 Co 6% Firestone Radio & common Hancock Oil Co "A" Jun Lincoln 17 7% 17 ...—2 Corp 100 Hudson Motor Car Co 50 Inv Corp McBean Menasco West Res Range Since January 1 High a52% a53% 12% 13 - 24% July 38 ..... Warren Refining Television Gladding, Feb 9 5 23 y2 a44Vf a44% * Shares July a7% 17% - 4 Corp 13 40 Farnsworth 15% Mar 473 ,7% Works Iron Dorn Jan Goodyear 17% * Inc Jun 7% Aug Jun 12 36% £3% Standard Oil of Ohio——-——25 Thompson ; 5% 75 4,086 Electrical for Week Low a52% 12% • Sales Range of Prices ' Par Douglas Aircraft Co, Inc 16% July 12% Feb a7% . * .* ; —• . ££ 60 7% 21 a 19% a 19% —* Patterson-Sargent 13 40 20% A——...»——* class B Brass 21 __1 —; Nestle Le Mur class Ohio 57/a 13* —* 6 McKay Machine 75 16% 40 * Sessions & Lamson 16% Week's Last Sale Price STOCKS Range Since January 1 LOW High Shares High Low _——5 — 'V 4 for Week of Prices Par AUGUST Sales Range Last ENDING Friday Week's Friday Sale Price STOCKS— WEEK FOR 78l/a Jan Feb 108 y8 May 16% July 82 July 108 Vb May 22% Apr 32 26% Jun 30 July July 1 Vs May 2 July 50 Jun 43 y8 • Apr 50% May 42% Feb 93 Feb 6% Feb 37 Jan 62% July 52 % July 991/2 Jun 19% July 39% Mm* THE 560 Monday, August 7, 1944 COMMERCIAL & FINANCIAL CHRONICLE OTHER STOCK EXCHANGES RANGE WEEK FOR 4 AUGUST ENDING t■: Last Philadelphia Stock Exchange Friday 18% 225 162% 163% 517 * 18% American Stores 100 Tel St Tel American 163% 13 20% Budd Budd Wheel — July United 43% 43 43% 419 39% Apr 62% 883 51% Feb 66 9% 9% _ Feb 8% Jan 10% May 150 4% Jan Steel Alloys 6% 5% 29% 5% 264 5% 29% 2,191 1,799 6% 5% Jan Jun ~~ 19% 20% 1,907 18% May 25% 25% 555 23% Jan 25% July 25 3 300 North 34% 34% 167 25% Jan 36% July 17% 18% 89 32% Jan 27% 50 30% 30% Jan 8% 8% 34 42% 59 38 '/a 56% 56% 75 1% 25 Vs May 1% 8% Aug 1% 35 % 35% 55 1% 1% 2,695 15% 15% 19% 20 10 >'[-•> Last *] i.'x.;- .. Week's 1% July 37 Apr STOCKS— Jun 20% American Inv common- 15 % Aug Jan Preferred Jun Low Steel —, Duquesne Brewing 137 14% 14% 42 4% 4% 84 2 2 600 14% Apr 29% July 7% Jan Midwest 5% Mar Missouri 1% May 2% July National Bearing Metals 14% 16% 3% 3% 18% - V.1 -' * - 18% . Vv>;- ,100 Koppers Co preferred 9% 615 7% Jun 9% July 8% 8% 8% 675 6% Jan 8% July Securities « 1% 1% 1% 2,024 * 1% 1% 1% 500 Fireproofing Corp common Jan 1% 1% Feb 50c Jun RANGE • if.- i » 8TOCKS— 1 . WEEK FOR ENDING Low Par Power & Power Abitibl lc/c , , Aldermac 4% 44% 95 8%c 9%c 3,500 1.55 1.56 2,100 — — 1 — Ltd Aluminium Aluminum Corp of Co. 5% Canada Huronian Anglo Gold Mines Gold Arjon Armistice Ltd * Gold — 1 1 Mines Aubelle Ltd Gold of Bank of Nova 28c 14,700 17c 11c 36c 5c 3,500 5,700 1,000 10%cMay 24c 79,800 8%c-Jan 49c 78,500* 40c 48,100 28c of Toronto. Metals ! Scotia 100 Beattie Gold Mines Quebec 5.75 May 32c Mines 1 1 Kirkland Gold __ 18 %c Apr 58c May 9c Jan 31 %c July 51c Apr Jan 4.40 July Feb May 146 July 157 Jan 20 829 July 245 Jan 230 r 151 ~ 232 1 *2.25 ' 29 2.10 2*0 155 v 156 220 Aug Jan 24 %c July 13% Feb 16% Mar 36c 21,253 30 237 10c 104,380 * May Jan 2.89 July 1.7AMar 31 ADr 151 157 8.50 July 3,215 7,9.00 9.65 1.10 1.20 500 60c 28%c 33c 134,080 28c 2.45 Jan 21% " May . July Jan Apr Jan 11.00 July 1.20 July 67c Jan ' Biltmore Hats I ; « Bobjo Mines Ltd 1 Bonetal 1 Gold Bralorne Mines Mines, Ltd Brantford Cordage Brantford • Roofing Brazilian Traction pfd 25 « Light & Pwr com—* nr,H,sS 5Trl^n »u Columbia Packers British British Columbia common Power class A Class B • __ i37/a 26 __ 22% 223/4 footnotes see » page 563. '9%, 9% 22c 13% 26 100' 8% Jun 13c ll%c ' 2,000 6%c Mar 24c 3,800 20c 137/a 2,130 26 1,533 11% 25% Jan Apr 6% Aug qs/8 6s/8 25 22% 22% 1 690 21% 23 5'905 21 223/4 Feb Apr Mar __ 1.27 310 22 21 21 150 19% May 2% _ * British Dominion Oil For • » __ 13c 2% 75 1.85 May 1.23 1.30 48,830 25% 26 69c Jan Jan 9% Aug 17c July 28 %C Apr 13% Aug 27 Aug 24% 3 240 17 17 Aug 109% Aug 312 106 Feb 555 32 Jan 44 Mar 135 Aug 135 101 124 Mar 15% 220 11 Jan 7% 25 5% Mar 16% July 8 Jun 17 Mar 22 Jun 25 7 25 11 70 July Jan 25 11 12 July July 35 171 Jan 35 Mar 34 34: " 9% 31 Mills Linen Caldwell 2nd pfd Calgary & Edmonton Gorp Ltd Calmont Canada Class Canada "A" 1 Canada . =. Permanent Mortgage,; Lines common 11 11 5 1.72 1.80 2,755 23c 13,200 t 6 6 50 , :4% May 111% 111% 5 11 1.80 1 Cable & class Canadian Bakeries com of Canadian Bank Canadian Breweries Preferred — 9% 21 Jan July 15% Jan 3c Jan 10% Apr 11% Mar -1.70 Jun 2.24 Mar 18c May 110 ; Jun 5c 25c 6% 112 Jun Feb Jan Jun Jan 9% July 103 May 115% July 18 May 22 33 115 19 19 35 35 10 48% 49 180 - ' 6 % Mar 37 43% Jan 7% Aug Feb 50 f Apr Jun 8% July 7% 25 104 106 250 147 149 8 * 50 11% 12 354 9"% Jan 12% Mar 39 186 39 7% 106 • 90 Jan 106 Aug 145 Jan 153 Mar I Canners Canadian Car & common — Foundry common 30 60 Jun July 67% Mar 75 18% Jan 22 July ; 5 5 60 5 6 July 134':: 75 128 May Apr 136 Mar 7%,. 1,670 5 Jan • 133 133 % 7% 42 % 7 7% 42% • 13% 20 • " • 23% 43 1 14 23% common Dredge & Dock Co Jan 14% Jun Jan 24 Jun 18 Jan 9% 50 8 Apr 26% 405 40 40% 120 152 153 55 • 19 19 230 65 Food * * 56 56 6 6% Canadian Locomotive * 60% 62 Canadian Oils ; Pacific Canadian Wirebound Boxes Quartz Mining—: Gold Mines Central Porcupine Mines 125 15 140 12% 140 5 13 % 5,889 100 July 10% July 28 24% Jan 35% Jan 45 Jun 141% May 155 July Jan 20 Jun Mar 61 15 44 5% 21. Jan Jan 18% May 133 10% 18% Mar Jun 6% July 71 21% July Jan Feb 142 July Jan 14 July 2.30 1 ; Feb 21 July 21 1.85 1.05 1.09 2.25 2.36 4,175 14c 14 %c 21 1.05 20 1.75 * 1 1 1 19 485* 12% 100 25 Ry Castle Trethewey Mines Patricia 19 * com Preferred Mar 8% 22% 25% 26 40 % 45 485 9% • 8% Mar 115 12 Industrial Alcohol A Canadian Jan 365 Canadian Products 40% 17 Canadian Gold 205 16 17 25 Celanese Preferred Canadian 65 22 38 100 preferred Canadian Jan 65 22 0 common 1 31% • 100 ' Commerce preferred Conv preferred Central Jan 6.20 July * "A". 1st Cariboo 5%c Mar High 93o 5 9 115 48% Jan 10 265 V 8% * 3.55 * Wire Class B New 1,500 Mar 70c ,100 — Preferred Canadian 115 4c * Northern Power Packers Steamship 18% 20c * * 1 • Canada Canada 18 3%C * "A" class B" Canada 3,000 • Malting Canada 7c ,100' : ; .„. Foundry Class Canada 460 4c 100 — - 22.750 * common Cement common -Preferred Canada *„■ Oils, Ltd Bread 85c 6.10 7c * Mines Low High 78c • Products Ltd Building Bunker Hill Extension Range Since January 1 Shares 5.75 83c :—• Buffalo Canadian Gold Mines,: for Week of Prices Low 1 • Mines Gold Sales Friday, 7 Week's Last Range 7,500 8%c Jan 21c May 17c 48c Mar 500f 15.660 1.50 May 90c 1.62 Mar Jan Jan 1.90 1.15 2.50 Jan Feb Jun 25C 25c 3,000 1.23 1.17 1.25 7,433 1.17 Aug 1.72 1.67 1.67 4 1.67 100 1.26 Mar 2.CO Jun Jun Mining & Smelting,.. Cochenour Willans Gold Mines 2.22 2.10 2.22 39,375 Jun 2.24 July Jan Cockshutt Apr Coin Jun 23% July 27 Aug 16% Aug Jun Chesterville Larder Lake Gold Mines—1 6% Aug 24% 22 15 15 Sale Price July 1.04 May 23c 2.00 2.00 9.00 July 34 %c July 24c 1.94 „ l30%c Jun Anr 57 Berens River 8.05 July July 210 : 156 July 3.20 4,020 100 Aug 4%c Jan 76c 12c 232 __ May 102 10c 15% * Feb 500 " 237 .... Jan 96 4 6,900 38 " 19c 1 Bros, class A Bell Telephone of Canada Jan Jan 15c 18c Ltd Beatty July 16c 148 „ * T if July 13 14c 235 Radium & 33c 16c * » 1 Feb 99 88 1,533 —;15%' Mining Exploration Belleterre 100 4.10 4.00 __ 100 ' Bathurst Power class A Btdgood 58 %c Aug May 8% Mar 410 170 78c « 88c 7 1 Montreal Bear 5,650 100 4.05 1 Bank Base 101 65c 7.00 1 ___1 Mines Bankfield Cons Mines Bank 92% „ Mines Bagamac __ _ Aumaque Gold Mines Aunor Apr 43c __ , Mining,. Gold Ashley 15c 11c 32c 5c 21 %c __ 1 Astoria Quebec Mines, 54,225 60 14c Jun 100 61 %c 7.00 1 Mines 2,100 10c July 1.79 Mar Jan 91% pfd._100, Ltd 1.10 11c 28c f 14c 7%c Jan 11% :.n Anglo Canadian Oil Area Jan 58 100 95 11c 27c „ • common " 44 11% — * common „. 4% July Apr 29 24%c 1 Copper Steel Algoma 4 42 95 * AJax Oil & Gas— Alberta Pacific Consol Oils High 2% Apr*. 1.565 5,055 • and Oil Co Acme Gas Range since January 1 Low 100 100 common preferred preferred 6% Ankerite Buffalo High Apr 12% May 15 AUGUST 4 Broulan Porcupine Mines. Ltd for Week Shares Apr July 25 STOCKS— Sales of Prices 9% July 21 Par Range Last Sale Price - Jun 2% 17 1 15 common Wagner Electric common Exchange Week's 16% Apr Jun July * common Funds \ Friday : 16 7% 1% 16 39% July 21 f777;; Canadian 20 985 15% 22 11% Aug • 5 vy Toronto Stock 5 13 July July 17 LISTED MARKETS CANADIAN f- • m Inv Aluminum Sterling 1% Apr commorj-- Inc common. Scruggs-V-B —10 Fuel Supply— 70 300 15 15% Jan 1% Mar 2% 135 tyyxt'r common—————10 Car 9% 35% 8% 109% 109% 39% 39% 39% ,—100 Dry Goods Louis St 9% Jan Aug 14 Apr 7 225 17 17 * common 45c 591 21 23 " Jan 867 15% 15% r 21% common..—* preferred Rlce-Stix 105% Aug Jan 101 12 105% 105% 1st Jan ,10 Gas Brewing 18% 4% ~ 39% 16% — 20% July -15% Apr 6% 275 2% 100 Candy National 16% July Jan 150 185 Feb 3% 210 16% . 1% Jan Jan 8% ~8% Portland Cement common—25 Preferred * 11% 15 Piping & Supply common—* 3"% Jun 8% 12 10 17 1 • 1 July 16 Jan 13 Jan 60 39% 5 20 com 18 150 Aug 8% July Jun 26 Feb 14 11% July 24% 10 10% 1 r Walker Refractories V 26% 10 j;v Brewing Pitt 26% 10 • Laclede-Christy Clay Prod Laclede Steel common 23 23 10% 45 Jun 5% 40 25% 17 — 1 /: Johansen Shoe common High Low Jan 14 n% International Shoe common Range since January 1 Apr 40 107 23 Hydraulic Pressed Brick comnion,—100 Preferred —100 Shares 46% 15 8 25% 1 : 10 45 7% 4 yy.. ,v: common 49% 45 7% * Hussmann-Ligonier High 26% • 49% 10 1 * 8% 1 8% July 50 July Jan 6% 160 8% * common Range since January Low High Shares High Low 1 .—50 , — Shoe Brown for Week of Prices Par Jan 15 Range Sale Price July 2% Jun Sales Week's Last for Week of Prices Sale Price 693 Exchange Friday Sales Range /••• Bell Teletype 8L Si. Louis Stock Jan 14% 27 516 Phone CEntral 7600 Chicago Board of Trade ' 1% July Jan 1 Missouri New York Curb Exchange Associate 60% Jan 2 31% 1871 4tK St., St. Louis 2, Feb 43 Jan 1 79 15% * 13% — 1% 1% (AM) common • Columbia Gas & Electric common—1 Continental Commercial Corp com, j Feb Jun 1% Mar 347 35% 7 1% 1% 25 preferred Byers National 28% July Apr 10% Mar 53% Jun 1% -•[ Co Pittsburgh 21% St. Louis 8tock Exchange 38% May 42% * Mountain 521 Associate Member Chicago Mercantile Exchange Mar 20 Jan 16 110 37% 30% 30% J Corp Ludlum Star 26% Members 28% Jun 36% 17% Par Lone 25% New York Stock Exchange 504 Chicago Stock Exch. 50 — -h 26 Feb £6 29% 33% 33% STOCK8— Harbison 33% Mar 119 Aug 116 116% 29% 116 116 Friday Fort 30% May Established Jan 22 Pittsburgh Stock Exchange Allegheny Aug 33 125 31% Julv Jan Falstaff Brewing common— Blaw-Knox Jun 2 33 Edward D. Jones & Co. 7% July Apr 4% 26 Dr Pepper common— Emerson Electric common ' - 33 Air Brake Electric Co Coca-Cola Bottling common— , 10% Feb May 7% Mar , 25% common ' 1 100 * Century , 6% 2 St. Louis Listed and Unlisted Securities 3 19% 50 50 When issued ;-s 3% 2 July 3% July 100 5% 6% -199 Westmoreland Inc • 5% Mar Jan 540 390 i 15% July 668 29% • — v 3% , 5% •f preferred United Gas Improvement ,*. / 5% 10% Jun July 52% July 10% 5% 3% 9% 50 $3 v 5% 10% 10c 47% July 60% 80 Mining Corp Jan 1 Glass common vtc__ Westlnghouse 13% May common Invest 9c 5% 10% 1 Oil Transit l-- Vanadium Jun 10 50 -* Co common preferred v 2nd preferred Salt Dome Oil Corp |\ 170 98 2,113 1st p- Jan 78% 325 15% Corp Reading : 2c 1.00 May 11,000 9c 6% July * Apr ~l -* Philadelphia Electric Co common $1 preference common 4.4% preferred Phila Elec Pow 8% pfd Philco Corporation Tonopah > —1 - _ Springs Steel United States Jun 52% Pennsylvania RR i 7% 11 52% Light National Power & Sun Standard 15 Motors Paper Toy Mining — Shamrock Oil & Gas common 15% Engine Co Lehigh Coal St Navigation Lehigh Valley RR Scott 8c 65c Jun 121 Feb 200 90c Jun 14% Jan Jan 4% 97 ' 90c 12% July 5 Mar 40% Apr Aircraft Pennroad 6 5% Co Renner 127 112% 114% 1133/i High Low 12% 95 10 13% 13% * 22% July 13 % -* Light (wd) Storage Battery General __25 Bolt Corp Range Since January 1 High — Delaware Power St Jacobs —1 .'f-7 Pittsburgh Forgings Pittsburgh Plate Glass— Pitts Screw & Low Par jv Shares 164 % July Jan 18 35 93% 8% • » Electric "f'cyjw,K:' , Apr 5% Jan " 362 10 91% —5 Chrysler Corp 11 10 10 — 45 21% 10% * Co 20% • (E G) Mfg Co common preferred 156 ri:J "•1: 7 San Works v t c— Baldwin Locomotive Prior High Low Par Range since January 1 Low High 19% July 14% Jan Shares of Prices Sale Price STOCKS— for Week Range Last .'J7 for Week Range of Prices Sale Price STOCKS— J : Sales Week's Sales Week's Friday '0,;7>, ' 1.40 May Chemical Research Corp Chromium Plow Co__ Lake Commonwealth Petroleum 1* 7 * 2 „ 13 • 1 31c 13% 305 28c 34c 31.880 30c 30c 1,500 1.57 11% Jan 15%c Jan 29 c May 14 Feb July 38c July 33c Mar LISTED MARKETS CANADIAN Last STOCKS— Conduits National 1 Coniagas Mines Coniaurum Mines 5 — 5 & Smelting Consumers Gas (Toronto) Conwest Exploration Cosmos Imperial Mills Consolidated Mining 100 1 —* 1.68 — 15c __ 28% 161 Mines Ltd Dome 100 25 Dairies common— * Foundries & Steel com • Scottish Invest com 1 1 Steel class B 25 Stores * Tar & Chemical common..* Woollens common * Bank Dominion Dominion Dominion Dominion Dominion Dominion Dominion Rights Mining Co Duquesne Oil Fast /Treat ....... • , , . i 1 25 Farmer Candy Shops preferred Mining Grain Kirkland — Co — — Frobisher Exploration —— —• 100 * preferred General Steel Wares Gold Mines Gold Gillies Lake-Porcupine Preferred vtc - ... Mines 5 ' 115 25 17,800 15 101 7.55 8.60 10%c ll%c 4c 5c 29%c35%c 25 %c 28c 5c 6c 55 50 6c 5c 6c 11c 12%c 4% 4% 22% 23% 5 5 8%c 8%c 30c 33c 8% 8% 3,500 1,200 170 205 — 4% 23 % 5 -- 12c 7c 3%c 3.25 6c 3%c 3.25 87c 7c 32c 93c 7%c 35c 11,610 11,500 14,500 1 Mines 43%c 43 %c 44c 1,600 A 36c; 12 164 14% 12% 35 1,825 355 7% 7% 300 90c 85c 90c 2,000 24'A 105 23% 105 24'A 105 -1 11c , * Mines .1 —I Lake Cadillac Laura Secord Oro Mines Mines. Levy Brothers Little Long Lac Gold Mines Ltd__^ Groceterias class A Loblaw Class "B" Ltd Maple Leaf Gardens pfd Maple Leaf Milling Co common common Preferred Frontenac McLellan Gold McMarmac McVittie 65c 1.03 65c 1.00 6.00 Gold Feb 1.05 May July July 24 May 23'A 26% Apr 15'A Apr Jan 69c 84 11% 101 Aug 1.99 Mar 10% July Jan 12'Ac Mar 5c 8c 3%c Feb 16'Ac May Jan 38c Jun 2%c Jan 7c Mar 15c 7'Ac Mar l'Ac 18'Ac July 7c Jan 3%c Apr 7'Ac July Feb 12 %c Aug 6%c 6% 3% May 20 5% Jan 40c Jan 6% 9 6'Ac Jun 2%c Jan 2.75 4.20 66,435 45c 17c- Jan 95c Aug 3.00 May Jan 4'A ; Jan 1.37 « Apr 87c Apr 1.20 Jan 2.950 Orange Crush pfd_. * 7% 7% * 3%C * 61c ♦ 94 40c 8,278 48c 45c 38c Oil & Refining Page Hersey Tubes Cadillac 25'Ac J. Jun 5'A 4.50 July 8 Jan 53c Mar 6% 120 Jan 70c May 16% Jun 9 13% July 50 Mar Jan Gold 1.36 1.45 9'Ac 10c 6c 5'Ac 6c 4,500 .1 37c 37c 40c 18,110 Powell 7c 2,000 * 4% 4% 1.20 1.34 14'Ac July Jun 28c 4 30,857 3,575 Jan 7'Ac * 4% Jan 1.35 Mar 1.84 Jan 44'Ac July Jun 83c Jan Mar 1.50 July 3%c Jan 470 1 1.07 99 July 1.15 Mar 3,186 1.36 9'Ac July 3.05 July Jan 1 2.80 2.75 4.15 3.70 4.25 15,595 2.08 May 4.30 July 1 Gold Rouyn 2.90 1 Mines Mines of B C Gold Pioneer July 90 1.20 1.17 1.30 2,600 1.15 Jun 1.73 Feb 1.14 Gold Pickle-Crow 4'Ac Mar Jan 60c 70 1 Mines Gold 3c 7,900 1 Gredit Securities Peoples 38,500 94 • Ltd Paymaster Cons Mines Ltd Perron 4c 66c 93 Mines Gold Malartic Partanen 3c 60c » Mines— Mines Porcupine Pandora 1,500 2,300 3,000 7,430 1,200 53,725 10% 65c 1.08 3.45 2.05 28,050 6,750 19 510 6.00 16 9%c 5 50 8,500 1.14 100 1.05 Jun 1.64 6% 7 50 6 May 7% Jan 1.40 1.45 4,400 89c Mar 1.65 July 10% 10% 270 6% Jan 2.75 2.80 4,310 2.32 Jan 9.00 9.00 -;V28 5,900 26'A 26'A 26 25% — * 4% 1.21 .1.15 4.10 4.05 Mines Gold Silk Riverside Mills Rouyn Merger Gold Mines Royal Bank of Canada Royalite Oil Co Mining Gold Sherritt-Gordon Mines Malartic Standard Paving Stedman Brothers July 3.76 Mar Jun Apr Apr 42c July Sturgeon July Sullivan 169% Mar Apr 15% July 10'A Jan 13% July 7 Jun 7% 1.00 Feb Jun 25% July 105 July Apr 148% Aug 1<»8% Aug 23 Apr Jan 24c , Jan May l%c Jan 6%cJuly 14 18 Mines Canadian Texas Jan 9c July 7c ::c 7c 4,500 2'Ac Jan 98c 1,00 2,400 90c Jun 75c 78c 8,778 65c Mar 10% 10% 10% 725 — Mines 9 9 25 106 112 112 64 1 • 1 * United Corp class "B" "A" July May 1.20 July Jan 2.75 Jun July 20% July Jan 6.75 July. Jun 16 May 15c 6%c Jan July Apr July Jan 1.45 July Apr 4% Aug 4% Aug 1.35 July 26% Jan 26 650 3.40 Jan 4.50 2.12 May 2.74 July July 1.60 Jan 2.20 J-iZL Jan 4.25 11,050 42c 53c Apr 77c Jan 3,500 3c Jun 5c Mar 1,000 20c July 28c 1.55 5,000 65c Jan 25c 25c 1.50 • 25 •4% 20 2% Jan 5 July July 29 29 50 23% Feb 29 Aug 68% 69% 250 61 Jan 69% July 75 76% 40 68% Jan 77 3.80 4.40 117,220 2.04 Jan 15c 11,670 1.60 Jan 1.94 2.55 2.55 2.62 2,600 1.96 Apr 2.90 July 16% 16% 215 3.60 53 c 90c 1 4.00 July 1.25 50c July 500 90c Jun 40c Mar - Jun 6% Jan 24% Apr 28 July 12 Jan 18 July 32% Jan 38 27 27 35 17 17% 400 37% 37% 55 4% 4% 400 17% 3% Mar 2.49 11,925 12 3,040 6.00 Jan 8 %C 8,500 8c Jun 5,126 4.50 Jan 62% 21% 145 81c 40,500 5 5% 300 60 Ltd Electric common Winnipeg Preferred 13% July 19c 5.45 Jan July 63 Mar 20% May 22 July 68c Jun 92c July 4% July 6'A Mar Jan 94'A Mar 75 48 79% Jan 129 Aug 135 30 121% Jan 135 Aug 97c 1.17 79 129 1.20 26,900 97c Aug 1.20 Aug 190 12 Mar 14'A July 14% 14% 17% 17 17% 107 107 107 10c 9'Ac 10c 7,300 6 6 6 62 63% * * Jun 79 ' - ' 375 ■ • Jan 15 45 104 Feb 4c Jan 150 5% Jun Jan 60 60% 99 99 20 97 4.05 4.00 4.10 1,245 3'Ac 3'Ac 3'Ac 500 62% ■| 100 Alexander preferred Wrlght-Harereavps Mines Wood Feb 5% July 2.70 135 • 100 Wiltsey-Coghlan Mines Feb 125 __ 1 common Preferred 8% Feb 57% 1,015 100 Steel Products Western Jan 1.96 61 Westons Jun 7% 73c ! 9 50 1,748 21% Malartic Jun 8 76c West Jun 95c 7% 21% • Aug 1.15 Aug 7% 8 61% 100 1 * " 79c 7% 7% 1 * 100 common July Apr Feb Worts com_—• * Grocers Ltd July 1.05 • Preferred 17 3.20 51,700 1.15 79'Ac 85c Apr 13,645 57 c 1.05 15 140 1.25 54c 2,500 4,680 3.70 1.25 3.70 .7 • 5.25 Preferred July. 26c 1.79 5.10 common 27c 25c 5.25 Flour Jun 4.40 Aug 1.70 8c Canada May 25 25C 2.34 & Feb 19 1.70 11% Gold Mines Jun 25 2.49 Lake Jan 1.70 4% J „ 8%C Preferred 1.25 July , 450 11% Ltd Apr **" • 1 Mines, Jan July 13,050 3c 1 Waite-Amulet 114 3c 56c 3c Ventures, Ltd. Oils Liu, Jan Jun 2.95 Jan 17% July 107 Aug 20c May 7% Mar 69% Apr July 100 4.50 July 5c July Jun 3c 105% Aug 9'A 25% July Apr 60c 92c 60c Upper Canada Mines Ltd Vermilata 13 Apr Jun 3.3d • 50 * —2J.—i class A—, United Steel * Apr 8% 12 Jun 22 % _— Feb July 95c 93c 4.15 -1 1.08 92c 11'A Mar 10 53 24% * Union Gas Co Jun Feb 8.75 10 13 13 9 24% * Fuel 3.50 3,877 76c 5 Oil— City Rapid Transit com Class 65 V ' Twin Western 5.70 50c 1 * Gold Toburn Western 3.50 14 8%c Aug Mar Transcontinental Resources 80c Jan 14% —i Thompson-Lund Mark Gold Mines Wasa 1.51 May 80c Mar 34c 1 — Teck-Hughes Gold Mines 11% July Apr 90c 5c 21,300 * River Gold— Cons Walker-Gooderham Jan 8.75 May 30c common Sylvanite Gold Mines Tamblyn Ltd common United 4'Ac 1,500 44c 106% Aug 35% July 5c 8%c July July Jan Canada July 8c * * " • 25 Co common Preferred 32 54'Ac Feb ; Steep Rock Iron Mines May 12% 19% of 4.45 41c * Chemical Co 5c Jan 28 Steel 17 Jan 42c 1 1 * * Mines Gold Jan 5c Apr 13 16 .100 _... Standard 13 Aug 297A July 4.10 * Ltd class B Feb 97% May 3c .. 16 * Jun May Feb Jan Jun 3.85 _ —* com_. Preferred Preferred Feb 21% 19% 1 Mines Sigma Mines Simpsons 142% 18% Aug 4,000 3'Ac 3c 52c Jan 4.00 % 1 50c v Sheep Creek Gold Mines 75c 17% July May 73 13%c July 134% 300 26% July Apr 1 Shawkey Gold 47c 15 19 27% Apr May >;—1 1 Benator Rouyn, Ltd July 99 18% Mar 6c 7c 206 27'A Feb Jan 64c 1 Gold Mining Sand River July 160 139 Jun 35c 7,400 18% 1 50 40c 26c 44C 10 Anthony Gold Mines— St Lawrence Corp A San Antonio Gold Mines Ltd 31c 3.05 40c u July 1.25 Jun 23 22,000 139 St Springer Sturgeon 3'Ac 8'Ac 40c Russell Industries, common Feb - 26% 7'Ac 2.92 Jan 4c July 10 ll%c Jan 20 26% 8'7eC 1 1 100 * Long Lac Gold Mines Roche 9c Feb Jan 4.15 7,234 10,337 9,750 130,500 9'A 7% 5 350 17 144 20% 8% 20% 8% 1.52 1.48 1.57 30c Reno Feb Jan 20% 29c 2,500 4'Ac 21% 8% 30c 1 * 75c Feb 11 8.25 May 7,540 5c Petroleum 90c 7 16% 8%c 8% 31 %c 23c 5c Petroleum 100 3c — 21c 5c End 320 345 2.02 3.65 7% 21c West 32,475 l%c 9% 83c * South 4% 2.11 3.70 — 1 Quemont Mining Co South 10 ;; Queenston Gold Mines 89c Jan Jan 9.00 87c 5% July £ 15% 10% 1 1 — 1.29 Jun 1.25 2%c 2.50 : Mines Dome Jun 4% 26% 26 2.57 2.15 3.75 2.55 Mining Co Gold 83c 16 —1 • • * 1 Corp Premier Siscoe 6%c 1.35 trust Sladen Jan 1.22 Power Jan Jan 1.30 Voting Jun 16 2c • 9%c 8% 4c 20c 33c 30c ~ 3,100 725 732 30 5,350 2,000 34,000 20,900 3,900 • 355 3.65 14% 6% Jun 5 14% May 1.03 —1 563. 5% 3.90 35C Jan 13% * 700 14% 3.85 Jun -360 • 2%c 14% Silverwoods Dairies 9%c Mar 5'Ac Mar 4.500 11,000 Mines page July Jun 4c Mines., see Jan 8%c Aug Jan 17c Jan 25% May May 3% May 2'Ac 16 10 2%c Aug 56% Jan 52'A Mar 3'Ac 16c For footnotes Apr 37'Ac July 15% 3%c Gas— July 16% Aug Feb 100'A Aug Jan 4c 3%c & Jun 19 33c 15% 16%c Oil July 4 May 8'Ac 1 Gold Mercury Mills Mid-Continental 8c 16 8%c 1 Lake Graham McWatters 3 1.00 /19 Jan 88 Jan 15 6.00 i Mines Mines Red May 18 10% • common Lake Rpd 75 4%c 35% Aug 17% 20 Maralgo Mines McKenzle Jan Jun 27 Jun 1 * ! Preferred McColl 27 . 5%c 4c • Mines :V"^_ Feb 2.80 60'A July 62'Ac Jun 39,870 * - Products common Pamour 5.10 July 3.10 Apr 23% Mar Jan 1 Gold Fields Manitoba & Eastern Mines Massey-narrls Aug Jun 1.97 18% 1 Gold Malartic 3,987 95C 36'Ac Pacific Jan 2.03 18% Lake Red Madsen 72c 74c . Pacalta Oils 7'Ac 3.15 MacLeod-Cocxshutt Gold Mines 65c 93c * Aug 41c 3.30 I 1 Mines, Macassa 3,500 65C 1 Aug 6'Ac 1 Ltd _ Mines Steel 10 Jan • Gold common Gold Mines Omega 51c i Candy Lebel Gold O'Brien 38 Apr 10% — Mines Jan * Ltd Okalta Oils common Jan 3 Gold Jan 4%c Jan _ Apr Aug 3c 1 & Sons Lapa Preferred 8 J Lang Oil Star 29 47c 23c 1 Ltd Mines 921 July 2,500 * Dufault Mines Ltd Leitch Jan 2.70 2,817 35c 1 & Exploration Mines, 12'Ac 7c 36c 5%c 4%c 4%c — . 530 50 3,346 34 11c 11 %c 4%c 4%c — i : 32% 335 10 15 148'A 148% 22 22% 36c I 1 Canada - 105 106% 1 Gold May 1.66 Jan 125 14% 22 .... Kirkland Hudson.. Feb May 15 __ —_ 340 58 10c 1.89 48% 2.60 __1 Mines Ontario 11% Consolidated Gold Mines— Shore 5% 4'A July 32c 26% Mar 32% Mining Co — July 2.17 July Jan July 865 Jellicoe Mines.^..—..1 Lake 14 5,350 • Mines Lamaque 12% July Jan 39c * Petroleum Labrador Mining Feb 7% 28%, 30 14% : 14'/2 5/100 Preferred Kirkland 9% 10,000 3,000 —.100 International Nickel Co common Gold North 3.25 4%c • Kerr-Addison 9'A July 2.90 4c 100 of Apr 3.25 4'Ac 1 Kelvinator 7 20 7% — 2.50 57'% • Aug 18 59'Ac * Mines 600 £1 common 46,800 1 Corp 11% 36c Preferred 700 1.83 22 5 Mining Canada Norgold 17 1.65 ' 11'Ac Aug Jun 13'A May 16% 57% May 18 * Normetal Northern 17% 28% Inspiration Min & Devel. 40 Jan 8c 145 3,000 22 Mar 12 9% 11% 9'Ac 11'Ac 9c ' • 2% Aug 11 % 1 — 55'A July 1.65 —5 Noranda Mines 9% July 17% • Metals Mines Nipissing Mines 26% Aug 11% Mines pfd Negus Apr 17% 100 Apr 16% __1 Jan • 1 paid 45% 11% 22 _ July Jan Feb 415 55 11% * National Steel Car 50c Jan 22% 54% 11 %c. _25c 21% * Mines & Gas Jacola Mines 13'A July 5 Paper Co Preferred Lake 12,009 550 91 %c 7c 33c Mining b Smelting Waite July 163 VI ,l* 3,100 1 1 1 Mines Mines 162 14 J M 145: V i 7c 4c 3.25 100 .. 162 14% 12 Jason 250 1,000 6,600 5% International Feb 2% Jun Apr May Imperial Bank of Canada 100 Imperial Oil • Imperial Tobacco of Canada ordinary_5 Jack 155 3% 18% 21% National Sewerage class "A"__; 91 5V* Oil "A" 31% July Jan — International May 9o Jun 705 20% 54% • common- Metals 145 Huron & Erie 20% 42 25 East 200 Bay Mar 33% Mar Preston 14c 7c 1 Ltd Co Proprietary Mines 6 Gold Grocers National Petroleum Pressed 4%c —* . Hollinger Consolidated Gold National July Carpet——.—&—-—* Hudson Jan 8.20 July 16 Homestead Oil Jun 18c 10 5% Hasago Mines Hinde & Dauch 24 Mar 8% Apr 15 % Harricana Gold May 12c 7 Feb 99c 21 common 6.00 July 16 Gold 21 12% Aug 83% Mar 5 9.710 July 510 35 395 35 9,145 47,000 54% 1 -— Rock Gold Howey 19 55 .—1 ^ Bridge Harding Home 5 . Corp Jan 36c 82 71c • Power Jan 74'A 82 * 4,015 8% Hamilton Cotton Co Harker 1.00 3 * Hamilton Hard 1-00 81 6%c •' •>y; • Swayze Mines.*. Halliwell Gold Mines Gold 3% 20 11,000 410 79% 6%c & Heat 9 86 16% 101 & Alabastine—.—....* Ltd Halcrow Hallnor 2,435 20 314 4.30 4.50 27 27 34% 35% Moore Light 6.45 30c • 25 2.84 1.13 July Porcupine Montreal High 2.15 1.75 May 3,848 70c 1 8% 85% 1 1 Gold Mines •• 38 13c 5%c .... , Lime Gypsum 38. 135% Aug Jan Moneta Low High 70c 100 Knitting pfd £.05 — * —* Paper com vtc Mines 100 9,000 45,415 15,600 2,600 16,300 47,800 * Grandoro Mines Gold 29,500 10 1 Mining Goodyear Tire & Rubber pfd Graham Bousquet Gold Mines Gunnar 21,050 51c 1 1 Eagle Mines Golden Gate Mining Common 2.44 10 55% July Monarch 65c 16% 101 8.00 10%c 5c 35c 25 %c 1 1 Gold Grull Wihksne 35,500 2.20 July Range Since Jannary 1 Shares 2.10 2.00 2.08 r„ 25% *8% — * Lake Mines Ltd Goldale Mine Great Lakes 27,900 26c 50 Gold Mines Goodfish 261 1.65 Aug Jun 38'A Jan Low __ 19 26 18I/'a 68c __ 100 1 1 1 Preferred God's - Jun 1.33 Mining Corp 6.35 Power common— Giant Yellowknife 4 1.15 128 Sale Price * 65c * • Mines Gold 8% 12% 12 5Vs May. Jun for Week Range of Prices Par High 5% 26 18I/2 * . Gatlneau Glenora — .100 Foundation 5% __ — of Canada class A Francoeur 35% * com Preferred Ford Co - -- -* —: Fleet Aircraft Fleury-Bissell 2% 2.32 47c 50c '* 1 100 1 Players 1,500 230 75 62 v 25 125 20O 100 425 530 250 115 15c 39 28% 161 12% 8% 26% 7c 9%c 2.42 ~~ 15c 38% 28% 161 12% 8% 25% 2% 8% 12 11% 4%' 3% 24c Mines..4.50 Falconbrldge Nickel Federal — 3% 26c —* Mines Federal 12 12 9c Eastern Malartic Mines Sullivan — , Easy Washing Machine Economic Investment— Fanny 26 — 20 1 — Famous — , Dominion * preferred Coal Dominion East __ • • Petroleum Davies Distillers Corp—Seagrams common 2,900 345 ' 30 18,375 40 1.60 1.75 52 52 % 135 135% 1.58 1.80 22% 23 1.72, 52% * 125 9U0 5 STOCKS— 1 Range Since January Low 5% 1-65 5% 1-60 — Last High Sales Week's Friday Shares of Prices Low Par 4 AUGUST for Week Range Sale Price v ' ENDING Sales Week's Friday WEEK FOR RANGE > 561" & FINANCIAL CHRONICLE THE COMMERCIAL Number 4305 .Volume 160 11% 11% 12 2,325 • 36c 35c 40c 30,300 Ymir Yankee Gold Mines. 3'Ac May July Bonds— l'Ac Mar 7% 5% 10 Jan Apr 13 ; 22 9% 4nr Vc Jan Mar t> Jan 19%c Jan Friday Last May Sale Price STOCKS— .Tnn Par 5%c 55c Apr Beath July National Andian 46c .. Jan 40'Ac July 12 59c July May Co Brown Week's & for Week Class Shares 23 35 8% 50 2.05 2.05 2.20 1,156 .100 "B"_w— 37% 37 37% 66 13 - January 1 High Low —1 class "A" Range since High 8% "A" common Co. July 35 Sales Range of Prices 22 Preferred Burns Jun 29". Funds Low Corp & Son class $2,100 Exchange-Curb Section Canadian Jun 35 35 1.68 July Janv 15c July 9% Jan July, Aug 11c ;;Feb 1.34 May 15c Toronto Stock Feb 17 7%- Feb 3%c — 6s__. 7% July 4%C Apr 19% Uchi 13 13 5 8% 8% 8% 15 22 5'A 1.40 28'A 13 Jun July 23 Jan 12'A May Apr 2.45 Julv Apr Aug 8% Aug 39% July 13 Aug 8% Aug THE COMMERCIAL & FINANCIAL CHRONICLE 562 LISTED MARKETS CANADIAN RANGE Friday Range of Prices Oil Dalhousie — Minnesota 1.15 1.10 1.20 — 18 % 19 78 11% 11% 30 %c 34c 1.40 23c 8,900 4,800 2,250 300 8c 1,000 11% 30'/2c 1 — Metals -t Southmount Investment———* Temiskaming Mining -——— 1 139 23c 8c — 23c — Jun 10 Jan 2% July Jan 9 Jun 30c 110 Mines & Oreille 5'A 90 ^ 23 Apr 1.80 May 2,250 45 1,800 Paper.————- Osisko Lake Mines Pend 29 J/2 —1 — Ontario & 33c 28 4 Week's Friday Last 81 May 24 J/2 July Jan 4lc Mar 30 Jan 1.05 May 13 July 1.45 Feb Jun 19 10% Jun 12'% July Jan 49c 1.31 8c May May 25c 11c Class Mar Mar Low of Prices Sale Price High for Week Shares Range since January 1 • 3 —50 15% 435/ 13 Apr ...100 56 J/2 57 185 46% Apr 14% 14% 14% 1,535 19 19 15 24 Corp common preferred A Sale* High Range 23 24 185 _ 3% 3% July 16% July 58 July 21/2 Mar 1,060 15% " St. Lawrence Paper preferred 3hawlnigan Water & Power Sherwin-Williams Sick's Breweries of Biscuit Viau 21% . 16 „ Jan 19 »/2 July 24% July Jan 23% • ■. 200 200 11 Jan 24 Aug 143/4 July 69 130 63 Feb 69 July 76 35 69 Jan 76 Jun 10 —'k • 14% 60 « — common 24 14% 24 _ common Canada 10% 11 July . Preferred * com— Preferred Western 13 J/2 May 15 Feb 75 of Co. « com. _ Voting trust /ctfs Steel » Canada com Simon H & Sons Jan 1.72 Feb Apr Lawrence St July 15c 20c Par High Jun 83/4 30 29 J/2 — .——— 32c 22 10 * * —* - — Dominion Bridge Co Foothills Oil & Gas Hayes Steel 3,870 8 /; V 9 J/2 AUGUST Low 200 8% 80 — " 100 pfd——. — 2'/s 7% 80 — 1 — Consolidated Paper-. Sand 2% — * — Canadian Marconi Consolidated High 22% ■ ——* ENDING Range Since January 1 Low Low 221/4 9% — Par Canada Dominion Sugar— Canada Vinegars WEEK STOCKS— Sales for Week Shares Week's Last Sale Price STOCKS— FOR Monday, August 7, 1944 95 95 78 Jan 95 Aug * 131 131 85 Feb, 131 Aug 100 135 135 135 Aug 135 Aug 6 May — 1 Winnipeg Electric 5% Jan 100 — Grocers Ltd- Preferred — 23% Aug 6 *,. common Preferred 6 7% Mar 100 64 62 Jan 69% 22% 22% 181/4 Feb 22 J/2 July 25 28 J/2 28 J/2 27J/2 Jan 29 Jun 135 135 22 133 136 May 134 134 30 130 V 150 150 12 233 234 76 229 139 common 64 * 139 11 135 49% : Zellers Ltd 49% $1,000 — Preferred Apr Banks— Montreal Stock Exchange Canadian Friday Last Range Glove .Works Acme preferred—,. Algoma Steel com Preferred Aluminum Co 100 • .—— ■ of Can Asbestos Corp 11% 90 10 74 J/2 Jan 90 11% 25 9 15 89 Jan 98 245 88 Jan 98 J/2 1001/4 100% 101 338 963/4 Jan 21 20% 21 330 18% May 24 151/2 15% 15% 325 133/8 Notes Power 16 3A Mar 155 155 96 22% 22% 3,588 221/4 21 .W, • • 19 8% 8'/8 114 115 21 21 8 5% 7% 11% 11% 39 Canadian 5% Steamship common preferred • Canadian Canadian Car & New 42% ' * common—— Foundry common 24 3'/4 7% * Sale Price Abltlbl Power 6% Jan 91/8 Jun T/o 117 J/2 July Brewers 201/2 July & Paper common preferred preferred Jan 6 J/2 Shares A 3% & 45 1,688 89 89 45 89 8% 8% 115 23 23'/a 525 100 Class B 12% Feb Jan 39 Aug Canada Jun Canada Malting Co Ltd Mar Canada Northern Aug IOJ/2 July Canada 43 352 39 41 96 83/4 Jan 45 Jan 33 J/2 39 Jan 655 330 25 Jan 28 Feb 36 Jan 45 Jun 40 40 33% 6 6 Apr 1413/4 May 243/4 >.'V 154 35 Jan 5'/8 560 Feb July Jun Dominion & T/b 5 Jan 27 Jan 70 July 13% 5,935 10>/e Jan 14 July July Cockshutt Plow *•. — Crown Glass Cork & Coal Dairies Dominion Foundries & Dominion Steel & coal Stores Ltd 28% 25 13 * —— Dominion Tar & Chemical • common Preferred Vickers preferred Claude Dryden Paper & ••• Electric "A"— . Preferred 26 12 Apr 75 9 40 15 15% Canada 225 9 July 6 1,125 Jan 6% Jun 15% 15c Jan 40c Jun 12 12 167 10 Jan 12 Aug 7% 8% 5,423 5J/4 33% 333/4 195 28% 3% Apr Massey-Harrls Apr 15 17 3,035 11% Mar 17 Aug Minnesota 111 111 54% 54% 2 101 101 80 7% 7% 7% 20 8% 8% 6 6 11% 11% 11% 15 8% 195 v 108 J/2 53% 7 J/2 - 6 J/2 105 5 140 111.% July Jan 541/2 Jun Jan Aug 101 10 - 101 Aug Mar 8 Jan Ontario & Apr 263/4 Jan 28■J/2 July a82% ?r Paper. 18% 481 13 J/2 Jan 111 265 106 J/2 Mar 111 29 29 100 26J/2 Mar 32 14% 14 141/, 1,396 12 3/4 Apr 12 12 12 740 10% Jan 193/4 July July July 151/4 July 13J/8 July 7 J/4 20 6 Jun 100 99 99 74 96 Mar 100 122 5 122 122 Aug Bronze pfd—— Int Nickel of Canada common Aug 25 25 J/4 25% 5 22 Jan 26 Jun * 33 32% 33 672 International Paper 15 20% 20 'A 22 2,615 91 91 91 205 Acceptance Corp pfd Coal pfd Intercolonial — International common Preferred 100 International Petroleum Co Ltdll.ll—* International Power preferred—! 100 ___ Jamaica Pub Serv Co Ltd pfd Lake of the Woods common Lang, & Sons Ltd John Laura Secord Candy Massey-Harrls McColl-Frontenac Oil Mitchell 22 • ——I"* A„ !• Apr 35J/a Jun 14 J/2 Apr 22 Jun 76 Jan 92 July 19 % 22 3,4 Apr Jan 109 10 106 Mar 113 Mar 106 5 104 Feb 106 Aug 26 26 185 23 Jan 26 Feb 15% 157/8 185 13 Jan 16 Feb 16 16 25 13% Jan 16 July ■ — 15% W 8% IIII 1,865 28 109 3 I—IIIIII* 22 Jun 106 .-100 ... (Robert) 22 v:: 73/8 — 25% 8% 8% 880 8 8 45 25 y4 26 280 8 Feb 91/2 Jun 6% Apr 9 J/4 Jun Montreal Telegraph Montreal Tramways National Breweries — * 16 27% Jun Jan common • National — _ k» Penmans Ltd common. Power Corp of Canada Price Bros & Co Ltd 5% preferred 55 35 Jan 37 May 20 Aug 24 Jan 37 249 33 16% 17 965 13 J/2 4 15 J/2 Jan 371/2 July Jan 25 Jun Jan 18 . 26 July July 57% 57% 57% 433 48 J/2 Jan 60 July 26% 26% 26% 222 23 J/2 Feb 27 July 5% 5% 51/2 Mar — 210 26% 11 24 Feb 261/2 July 93 * 5% 26% 93 5 93 Aug 98 53 53 30 4 J/4 49 Feb Jan Apr 53 July Jun 8 7 7% 190 28 J/4 27% 28% 950 19 Jan 29 July 99% 100 20 93 Jan 100 Aug 8% 8% 250 8 Jun 13 13% 320 12 Regent Knitting common Rolland Paper preferred 10 10% 250 103 103 15 page 563. Hi* 100 -A 10% May 7 J/2 Mar 99 Feb 46 171/2 Jan 3 J/4 10 2 J/4 Jan 24J/4 July 33/4 Jun 22 3/4 175 20J/2 21 545 193/4 Jan 61 103 »/2 Jan 1,185 10% Jun 11% 11% 113/4 3% 18 Jan 43^ July Jan Apr 23% July 22 J/8 May 1061/2 July 121/4 July : 1.50 1.50 50 28 J/2 29 250 75 75 2 •99 1.25 Jan 28J/4 75 110 99. 911% 1.60 May Apr 32 Apr May 75 May Jan 100 May ' 96 / 96 . -.10 104. 104 23c 921% 37 23c 4,996 Feb 97 1031/4 July 17c July 106 % May 30c May Mar 3% 3% 205 * 62 62 % 305 573/4 Feb 63 21% 21% 55 20% Jan 211% 28 28 501 27 J/2c Jun 30c July Jan 31c 10c July July July July 64c Jan 1.75 Jan 3% Mar Mar Feb ■ Mines— Aldermac Copper Corp ; £ Ltd Mines Ltd Arno 4c Gold Bouscadillac Gold Mines Ltd 1,500 6c Jan 30c 1,000 30c July 10c 4,000 4c Jan 13% lv600 11 J/4 Jan 10c 7,500 6c 8,500 2%c Jan 28 % 110 26 J/4 28c May July 9c ' —- —. — 2|% $.1 iic Consolidated Gold Mines Ltd Joliet-Quebec Mines Ltd- XOc Kirkland Gold Rand Ltd 3.20 Mines Labrador McWatters 3# Mines Ltd— Pandora Cadallic Gold Mines Pato Gold Cons Red Crest Gold Mines Ltd Sherritt-Gordon Siscoe Gold Mines Ltd Cons Mines 6c 19 10 6.15 200 30c 500 3.80 4.10 9,825 9%C 500 4.50 1.35 1.42 15% July May 3.50 July 40c Jan 3.40 90c * July 6.60 July Jan 7c 500 4,100 20 Apr 1.38 10,200 * Feb 6.00 Jun 17c July July 18c 1.51 May 4.50 July 4.35 July July 4.50 July 1.35 July 15c Jan May 1.42 Aug 1.42 Aug 8c 8c 3,100 4c Jan 9c Jan 75c 75c 500 66c Jun 90c 9ic 92c 92c 2,700 42c Mar July July 4.20 1.75 4.20 4.30 300 1.75 1.79 7,000 80c 80c 1,000 1 Ltd 50c Lake Mines. 70c 4y8c Jan 19 July July 15c 1,000 1.42 — Steep Rock Iron MinesWasa 9c 30% July Jan 3,300 — Ltd Mines 3c 10c 1.2Q ' Ltd— 13 J% c 1J%C Jan 3.40 1.20 —1— Premier Gold Mining Co 10c i c Dredging— Perron Gold Mines Ltd 600 5,600 3.25 15'%c July 13% Aug 2%c Jan 12,000 13c 9%c Limited— Mines Gold Gold 68c 4'/2C lie 30c Lamaque Gold Mines Ltd— O'Brien 67c 4%c 6.15 ..%}-■ Ltd Mines Shore 3c 28% Gold Mines Ltd Francoeur J-M Ltd 82c 9J/2C 9c Mines Gold Mines 5c July 13% — Central Dome Jan 82c 9c Cartier-Malartic Cadillac 2c 5,000 10 c Ltd Mines 4,380 82c 30c ; Ltd Mines 4J/2C 82c ■ Bidgood Kirk Gold Mines Bralorne 15c 1,200 26%C 27%c — Aumaque Gold Mines Beaufor Gold Mines Ltd—.— 1.25 4.35 Aug 3.40 Jun 1.60 80c Jun 1.95 July 80c July July Jun 7 • 53/4 45 125 22J/Z -* — Manufacturing Sullivan » "« see 27 20 22% 25 17 —III— , For footnotes 37 Apr 18 3/4 99% — commonlllll Transport Quebec Power - 4,302 36% „ I~ Page-Hersey Tubes 21% 20 * Noranda Mines Ltd ~~*II Ogilvie Flour Mills common Ottawa Car Aircraft Ottawa Electric Rwys—_~I 20% 37 IIIIIII40 -I_IIIIlOO Steel Car Corp— Niagara Wire Weaving— Provincial 21% 25 24 * * Brewery Ltd $1 cum preferred Lake Montreal Lt Ht & Power Cons 46 * Walker-Gooderham & Worts com Woods 4 J/4 106 J/2 106 % 20S Jun 122 Walkerville Mar 4 pfd—-100 — 95 161/2 July 24 Reliance Grain Co Ltd pfd„———•* Southmount 135 Jun Feb Jan 46 pfd„ ———— Nova Scotia Light & Power com * Power Corp of Can 6% cum 1st pfd_100 Southern Canada Power 6% 15 Jua 5 3 J/4 pfd—100 * Jun 111 50 rr 100 Jun 18% 25 • cum Investment 95 16% 46 * _ pfd cum Jun 100 Industrial 95 16 J/4 *rr "A"__* 6 J/2 13 Jun Jan Aug Montreal Refrig & Storage Vot Trust-* $3 33/e July 4 May 4 * Ltd 5% Feb 21/4 May 3 20 10 Paper Co Ltd Co 1,260 231% 9 J/4 Apr May 29 7 J/4 & Power 350 3% 13 100 "A" McColl-Frontenac Oil 6% MacLaren 2 J/2 Feb July 182 Int July 7 5% 992 Inter-City Baking Company Ltdi—100 10 Feb : Hydro-Electric Securities Corporation-* 95 6 4 Jun 90 5 26 Aug Jan 6 28 27 Jan 6 - 4 19 83/a 10 26 143/4 1,180 Jan Apr 26 J/2 23 J/2 Mar H 33% 7J/a 26 20 International Paints (Can) 110 265 28 15 Industries Ltd 5% 8'% 13 . * 50 Metal 34 »/4 July Jan 5% 8% * 210 9 P>r' •r.~" 8% * — Jan 7% I. Jun 8% July Jan 23/8 • * : :i 85 5 7% 33% * * 27 Apr 73/8 May 15 18% Jan Aug 3% July 25 — Co Insurance .v 111 common pfd__—— cum Halifax Jan 40c Ltd A 8% J Jan 6 J/4 Feb Jun 12 15% Motor of A 2% . 25c Aug 40c Ford Ltd Mar Jun May * .: ?raser Companies Limited. 12 200 7 >/8 10c 67% 2 J/2 — Frieman 93 _£i 3 J/a 7 J/8 * 5 111 common 3% * . Feb 100 • * Ltd Aug 5 Feb 100 Aircraft 74 Feb 1,100 - 165 2 93 12 July 81/4 Aug May 300 20c Jan 2 3/4 Mar 75c 230 12 Fleet Jun Jan Jun Jan 20c Drummond Realty Corp__ Falrchild Aircraft Ltd— -IIIIIIIII* Can 4 J/2 96 J/2 Jun 40 * common 50 17 4>/z 96 % 4 J/a 320 96'% 45c 634 50 • 1083/4 July 6% May 8 J/4 50 _5 Linoleum & 8 43/4 7% 50 158 J/2 Aug 174 1.85 5 * Paper Corp Ltd Oilcloth Dominion Woollens 25 * — * 1451% May 167% 725 75c Paper Co Ltd 100 - 2% 75c Donnacona » — Bay Mining Imperial Oil Ltd Imperial Tobacco of 2 J/8 : 327 8% » Hudson —1 1 Preferred 86 fj 10 — 95 • 111 Bakeries of Canada 70 101 —— Jan 157 158 % 170 % 170% 27 100 Bridge Hollinger Gold Mines— Howard Smith Paper common— July 10 * Consolidated Div Sec A 86 * 9 18% —50 common 75 121/2 22 1,535 20% Jan 9% common 165 20 J/4 Jun 99 July 26J/4 July 1,950 12 50 93/8 July 12% Jun 100 8% Jan Consolidated 95 pfd Gypsum. Lime & Alabastine Preferred 14 10 22% July Jan Jan B_ —: 5 — • Hamilton Preferred Jan 4'/a Mar Ltd 8% — > — (Charles) 13 150 Jan 90 —. Alconols 100 , Goodyear Tire Pfd. Inc.. Gurd Dominion 275 9'/a May 166 —100 100 - preferred 5i/2% preferred „i. General Steel Wares common General Steel Wares !'J 13 ■T9:T: 953/4 100 com — 70 __ * common Consolidated Jan 95 July 391/2 July 46 J% ; Preferred 233/4 31 20 25 * preferred—„100 T/b __ Commercial July 311/2 July 36 July 41% Mar 31 July 500 108% 108% ___* — Canada 5% 28% 12 Players Canadian Corp—* Gatineau Power Feb 56 650 . 165 _* Famous of 33 J/2 11% „v:' 70 * — Prod— English Foundation Co 265 8 J/a ——_100 — Heating 39 37 J/2 21% Neon General Advert July 55 J/2 Feb 26 12 » - — •14 Jan 293/4 > * common ——————loo Dominion Textile 273/4 25 8% 8 J/8 - 105 36 13 V .25 30 28 X/ .-0/; B Jan Jan * —* Steel 111/2 39 36 . —* common-— 85 351 39 / • preferred 13% 52% 30 • ;_* - Dominion Enamel " —. Dominion Preferred • — i. Co Distillers Seagrams Dominion Bridge Dominion 6 - Seal 13 Mr 52 J/4 i— — Consolidated Mining & Smelting Co preferred T/o Jun 2.40 49J/4 . Marconi Preferred Consumers class Cassidy's Ltd common 25 550 271/4 Apr 49 pfd Candn Power & Paper Inv Ltd 5% Jun Jan 1.55 Apr 100 7% preferred Canadian Jan 23 * Ltd Aug 23 J/4 37 J/2 ,-* Industries 90 Mar 213/e Vinegars Ltd Canadian Aug 83/s • Sugar Co Power Apr 45 Feb —100 Preferred 6 J/4 6 61 12% 12% common Canadian 6 25 Co 61/2 July 60% 4 Canadian Pacific Railway 25 150 33 '/a * ; - 41 150 8 Brown t 43/8 July Apr 20 8,693 Apr 5 J/8 73/4 260 2.20 93/4 26 Locomotive 25% 2.10 31J/2 9% 6 25% 1 115 9 Canadian Foreign Investment-—* Ind Alcohol common— * • 259 26 - Packers Ltd Jan 9 - * 9 38 —. Oil Co Ltd Aug 42% * British American 5 J/2 770 2'A 10,075 5 44 High Low 4 42 _100 Ltd Vancouver Jan 7% Range since January 1 High 27 _ of Low • .— Dis & 21 18 26 Canadian Canadian 50% Feb for Week Range of Prices Par Jan 91/2 July Jan STOCKS— Apr 7% — —100 ——. Mar Jan * Celanese common— Preferred 142 Sales Week's Last 243/4 Jun Jan 25 preferred Canadian 7% • — Bronze —. • common Preferred 5% 50 - Breweries Jan * Funds Friday Jun 15% 4,320 56 156J/2 British Columbia Canada Jan Montreal Curb Market July 103 J/2 May 695 ■ Jan 1.85 May 75 38% * Canadian 240 Jun 101 J/2 July 19 J/2 May 340 „ —„—_* Northern Power 300 114 .——* Canada Forgings class A 9% 2P/4 150 18 13 Jan 151% Mar 94 2% 9 9 21 2% ' «... * d Canada Cement common Canada Jan July Bonds— Montreal Jan __—* —— Jan 155 Apr 927/8 * Building Products class A 135 Aug 96 J/2 * __ - Jan May 147% May Jun 92 i; Mills— ■ Jan 11% 100 • .<• 100 pfd _ __ Preferred High 5% 90 ' Brit Columbia Power Corp A—;——* Silk Low 55 96% Brazilian Traction Lt & Pwr Bruck Bang* sine* January 1 /.v.. 7 100 • - Bathurst Power & Paper class A Bell Telephone Co of Canada Class B Shares 7 - • Royal for Week High — Scotia Nova * —. Ltd 7 com———* Ltd 6%% Aluminium Low - Montreal Sales of Prices Par Commerce Funds Week's Sale Price STOCKS— Canadienne Jan Oils— \ Dominion 9 Jun British 14 Feb Dalhousie Oil Co Oil Co Oils Ltd IO1/2 July 103 July Home Homestead Oil — & Gas a——* • 1 . 1.20 X-i 1.20 1.20 200 33c 33c 3.05 1,275 4%c 41/2C 500 1.16 Jun May 3.05 Jun 30c 100 2.95 - 4c Jun . 1.30 July 37c Feb 3.65 Mar 4%c Feb , Volume THE COMMERCIAL & Number 4305 160 563 FINANCIAL CHRONICLE OVER-THE-COUNTER MARKETS Quotations for Friday Aug. 4 For Investing Companies Bid Par Industry Shares Tr of America 4% Co Inc 17.03 K-2— 21.25 23.39 25.03 27.48 ■ Series S-2 13.02 5% S-3 10.12 11.14 8-4 3.83 6.05 29.10 31.46 Loomis Sayles Mut Fund Loomis Sayles Sec Fund 17.08 r—1 Mass ' Fund Howard— Balanced Fund Stock Fund & 10 11.31 12.36 Inc * 3.70 5.65 2.05 6.02 12% 18Va 11% 15% Monarch 3.83 American Equitable 7.06 7.76 American Fidelity & Casualty_5 4.70 5.21 American of Newark 6.76 7.44 American Re-Insurance 10 14% 50% 53% National 7.13 7.89 American Reserve 10 15 16% National Fire 12.75 13.74 American Surety 25 55% 58% National Liberty 10 36% 39% National Union —2% 6% 7% American series series New England Fund York Stocks 1 Casualty 2% Automobile Inc— 11.59 10.55 - 7.30 Bankers & 9.84 Boston 9.66 10.62 6.63 Aviation stock - ; Baltimore American 8.95 Automobile •v 25 x80 Shippers 575 City of New York 9.02 Connecticut General Life 9.04 Continental Casualty 9.76 10.73 8.49 9.34 Metals 6.25 6.88 Insurance • stock Steel : 1 North Amer Bond Trust ctfs Amer Trust 5.92 10 45 Va 133 139 10 61 65 8.00 Fireman's Fd of San Fran 10 88 6.17 6.79 Firemen's 6.83 — shares Automobile shares Aviation 6.78 6.72 8.33 6.22 10.40 7.58 Building shares Chemical shares 5.65 9.47 5.14 Equipment Electrical 7.51 6.16 6.11 shares. Agricultural Republic (Texas) Revere (Paul) Fire 5 47 Va 50% St 5 1 2.35 Globe Rutgers Fire Ins. com. Hartford Steamboiler • 93.06 9.07 6.51 7.16 State Street Investment Corp— Low Price Shares 5.98 Merchandise shares 6.63 6.58 7.29 Super Corp of Amer AA Trustee Stand Invest Shs— Railroad 5.18 ■— 5.96 3.66 shares™. Equipment shares RR , 4.19 Steel shares———---.———-. 4.38 Tobacco shares— 4.44 * £ 4.47 shares Utility ' 5.70 6.56 4.04 4.62 4.83 4.89 4.93 93 % 98 Inspect-10 41% 44% Westchester Fire 27% 1 5.59 15.65 42.75 45.50 1 1 2.23 1 - 5.90 Central Pow Florida Power 1 ASeries B 6.47 & Income Corp . 22c 34c A 85c 25.65 Louisiana Pow 1.45 1.59 —5 Incorporated Investors Independence Trust SharesInstitutional Securities Ltd- 22.23 23.90 shares Insurance Group shares— 2.29 Mengel 7.54 National Container 5s 18.48 20.20 Stock Fund B 1.00 ■■ • 18.53 16.87 108 Ma% 99i/2 100V2 1959 100% 101% Natural Gas debs 2%s 2%s 100% 100% 105 108% 1974 4%s 104% 106% 1958 West Penn Power 3s — York Corp. Pipe Line— 1953 104% k— Virginia Elec & Power 3s—1974 104% 104 1973 1961 112% 108% 3%S—1968 3%s 1968 Lt & Power 100% 109 1972 3%s Utah 109% lOOVa Southern Colo Power 105% 105% Pow & Lt 3s__1974 Northern Indiana Public Service New Jersey Okla 102% 1959 3%s 109% 111% 1972 Quaker Oats 2%s 1964 San Diego Gas & EI 3%s„1970 South Carolina Elec & Gas— ~ -- - Co Panhandle Eastern .1' 106%i 109% 109% 1973 Puget Sound Pow & Lt— 4%s 108% 106% -ip-r . (New Hampshire) 3%s series A '105% 106% 101% Corporations 1.01 1.12 25.36 27.56 ABlair & 13.02 13.32 A Boston — 1 'f ■' ' Investment Banking - 3%s 1.78 B' .—1 Investors Fund C 16.75 Wellington Fund of America- .10 Investment Co — Fund U S El Lt' & Pwr Shares A 10.97 90c Bank Group 8.73 6.90 Unibn Preferred Stock 2.59 10.00 Avlatlon Group shares 22.78 7.98 Ask 107 106% . 1974,/102 Val Lt 3s & 20.84 C '« • 103Va 1979 4%S 1973 3%s series E 105% (102% 1974 B Union .10c Common Public Service 105% 1973 3%s Series % 51 76% 34Va (Indiana)— Public Service 1973 3VaS Lt Florida'Power & Light 3%s_ 1974 75c 24.88 25c series Fund 39'/a Bid 103% 102% Light 3s 3s Trusteed Industry Shares 2.50 Ask Bid 1963 Blackstone Valley Gas & El— Gas Series :—1 Foundation Fund Inc AHuron Holding 28% Recent Bond Issues Atlanta 2.35 D Bond 30 26% 2.38 Trustee Stand Oil Shares— Union 28% S 6.56 14.68 C„ ASeries A U 4.15 1 • Shares Spencer Trask Fund A Series 60% 483 29 Fire Home 6.95 Mining shares Petroleum shares 100 Travelers 37% 123 57% 468 37 Va 48% 71% 31% 10.77 Sovereign Investors ASeries 10 94.94 2% Scudder, Stevens & Clark Fund, Inc Selected Income ■ Standard Accident 5 Hartford 3.68 9.01 7.64 Industrial Machinery shares— 10 25 10 7.30 7.77 Investing Springfield Fire & Marine 5 6.70 8.20 shares— shares 10 Security New Haven 10 3.35 7.07 Administered General bond Seaboard Surety Fidelity & Guaranty Co„2 U S Fire 4 U S Guarantee 10 American Great lOo 1 Inc Shares Republic Invest Fund Selected Amer Shares Fully preferred Hanover Quarterly £ 42 10 Paul Fire & Marine new_12% 9% 21% 81 20% 77 10 27 21'A 69'A 44% 35% 117% 10 19 % 8Vs Marine Corp 44% 17% 5 Globe & Republic 5.66 Food shares & 2 (NY) Reinsurance 12 % 26% Glens Falls Fire Fire 10 Providence-Washington 92 Gibraltar 15.12 5 11% 2.70 14.06 Co 24% 2.12 2nd Pacific Indemnity 5 2.80 • 5 12.50 Fire 5 Newark-. of Fire 1 57c 81% 14 Va 33% 4% Pacific Preferred Accident Fire Assn of Phila 52c 46% 10 River Phoenix 49 10 • 10c 1 10 Northern —I Plymouth Fund Inc Putnam (Geo) Fund 25 15% 23% 5% 93 104% 49 85% 15% 36% 6% 29 23 % 72 % 47'A 2.50 Northeastern 30% 57% 20 & 47'A 13% 22'/a 5 ,,X88% *' 99% 19% Series 1956 1953 29% 44% 5 49% Federal General Reinsurance Corp Series 1955———. 27% 10 Fire 42 % 32% 61% 6.12 39% 10 York 10.67 shares 27% Hampshire Fire Fidelity & Deposit of Md Franklin 25% New 5.55 - 2 Casualty New 7.27 Railroad North Employees Group Employers Reinsurance 175 20 xl65 Fire 7% 6% 2 New Brunswick 9.71 OilS ; 5 60 57 10 Amsterdam New North 17% 10 8.22 equipment Ins Casualty 40 10 8.20 Electrical Fire 47% 7.60 - Chemical N Y Mfrs Fire & 21% 19% 5 - Building, supply •. Merch 600 Fire Y Maryland Merchant Fire Assur 85 100 Camden 8.36 Series Group Securities- 28 % 5 11% 16% 10% Casualty Massachusetts Bonding 3.38 36.75 5.50 25% 23%' Alliance— American Series 1958 - .. (Detroit)—10 21% - Railroad equipment 4.35 24,96 5.61 49% 7 5% Knickerbocker 10 National Security Series— Low priced stock common 20.50 1.87 5.39 10.08 3.75 22.78 4.85 4.48 34.18 4 46% 5% 4% Jersey Insurance of N 77 8.24 14.15 19.03 9 69% ——5 35% 73% 7.62 23.35 Fidelity Fund Inc 1—:—• Financial Industrial Fund, Inc. First Mutual Trust Fund 8 Fixed Trust Shares A 10 Foundation Trust Shares A—1 Fundamental Invest Ino 2 Fundamental Trust Shares A—2 B i *' General Capital Corp • General Investors Trust———1 8'A 65% 52% 33% 25 l Bank 33.67 40 41 A 7% 1 12% 50% 10 National Investors Corp 1.38 31.31 39 x38% 5 10 Life Agricultural Machinery 1 20 Aetna Agriculture Equitable Invest Corp (Mass)_fl Equity Corp $3 conv pfd——-I 15% 85 A 140 % 1.44 „ 6.45 Insur Co of North America—10 13% 82% 10 Fire 132 % Aetna *«k Bid Par Homestead 10 1.31 New , Companies Ask Bid Aetna Casual & Surety 3.80 shares voting shares Low priced bond series 19.66 Par • series B (Md) Bond 2.50 * 25c ^p 1.26 / 1 21.74 —1 £ 13.18 . 11.65 Securities— Preferred stock D 1 10.83 Insurance 4.91 23.40 25c (Colo) 4.81 — 4.50 21.76 | Income series 18.19 Fund Diversified Trustee Shares— " C : —1 ■ Eaton Bell Teletype NY 1-953 DIgby 4-4950 9.92 9.02 1 Fund 2d Invest Nation-Wide 2.73 Delaware Dividend Shares Tel: 41.30 16c Trust Investors Mutual 2.73 • Cumulative Trust Shares Investors Mass 2.26 mod 40.47 10c Maryland Fund Inc 2.26 1 1 —1 mod—. AA ' New York 5, N. Y. 97.30 Fund Common Series ACC y'c \ •• Manhattan Bond Fund Inc— 15.59 - Series 95.35 10 19.03 6.63 • 17.70 J: .':v >.•••• 40 Exchange Place, 5.09 4.58 Knickerbocker 106.02 3.85 Fund Ltd.—. 3.25 30.19 Century Shares Trust__— * 28.08 10.50 Chemical Fund 1 9.70 Christiana Securities com—100 2,450 2, 550 144 Preferred —100 139 5.36 Commonwealth Invest 1 4.93 44 42 Consol Investment Trust 1 2.45 Corporate Trust Shares 1 Accumulative series Members New York Curb Exchange V.V •" 14.32 Series Series ji Members New York Stock Exchange 18.71 K-l Series Canadian Inv Series AA_ 11.29 5V4 4% • Co. & 19.92 Series 6% 15.90 Shaskan 32.01 < 10.30 Series S-l —5 5 1 Fund Ltd Bullock B-4 18.14 * 101.78 Fund Inc Broad Street Invest Scries 6Va Inv Boston B-3 15.59 29.48 29.19 B-2 Series 14.79 5 10 preferred A6% Bond 28.12 B-l Series 4.07 14.37 — Basic Series 3.71 27% 26 \f\ Holding Corp Real Estate Bonds on Keystone Custodian Funds— 4.19 3.83 Affiliated Fund Inc Quotations Ask Bid Par 7.41 6.82 1 1V» 10 American Business Shares 1 American Foreign Investing_10c Assoc Stand Oil Shares 2 Axe-Houghton Fund Inc 1 Bankers Nat Investing— A Common 1 Aeronautical Securities AAmerex Ask First r 1 Co 10 Corp £■' l-l S' /£.. . 3% 3 32% 31% > r.--.; ,'V: ; • ;/•. Quotations For U. S. Treasury Notes represent one or more 32ds of a point Figures after decimal point New York Par of the Manhattan Co.—10 Bank 24% Guaranty Trust 428 416 52 100 Brooklyn Trust 101 106 103% 107 Lawyers Trust National 54 'A 15 38% 40% 10 Bank Chemical Bank & Trust 50% 53% Commercial National Bank & 20 47% 50 10 21% 23 Exchange Bank & Trust_20 48% 50% 79 83 Trust Co Bank & Trust Empire Trust Fulton 50 , Bank— National First -1001 ,625 " 100 Trust 173 0 1,665 __ Irving Trust - - . Manufactures Trust Co com__20 Conv preferred 20 Morgan (J P) & Co Inc 100 National City Bank 12% New .'York Trust 25 Public Nat'l Bank & Trust—17% 12 Title.'Guarantee & Trust 'United States Trust ^ ► ; Sep Ask Bid — 16% 41% 53% 53% 264 38% 103% 44% 11% 50% 51% 254 36% 99% 41% 10% 1945— }7/aS May 1, 1945 15A% 100.10 100.11 t%s June 1%% 100.26 100.27 t%s Aug. 1, 1945 .—1 Va % 100.15 1947. 1948 = 1 1945 Obligations Of Governmental Agencies / Ask Federal 100.5 Bank— 1944 Federal Land Bank Bonds— 3s 1955-1945 _____ 100.7 Home Loan June Bid Bonds— 15, b0.90 88 0.75% Federal Land Bank Bonds— 92 94 1988 96 97% B Stocks Bid — Indianapolis & Louisville.— 1983 2nd 4%s 2003 _ 82 56 83% 1994 1st 4s income Gen income 4%s A 4%s B ^preferred : 104% 73 2019 60 --A- Preferred 74 59 X'.' ! '\x, Chicago Rock Island & Pacific— 1994 income Conv Denver & Income Rio 4%s 1st Gen St Paul income mtge 103% Chicago Rock Island & Pacific— !_100 .^preferred 69% Denver 2018 60% 61% Minn 1993 85% 86% Rio & Grande com Preferred & Saulte Ste 1971 1991 St Paul Free 108% 73 109% 79 104 103% ** 1958 1946 }§• Issuet 1946 103% U S Conversion 3s 1947 1961 106 133 Panama Canal 3s 106% 134% United States Treasury Bills Rates quoted are v t Western 41% 42% Aug. 43 44 19 September Rid A«k b0.37 0.33% b0.37 0.33% 0.30% October 5, 1944— b0.37 0.32% October 13, b0.37 0.32% b0.37 0.32% b0.37 0.33% 1944 October 19, 1944— October 26, 1944— November 2, 1944_. b0.37 0.34% b0.37 0.34% b0.375 0.35% 20 46 September 7, September 14, ♦No par 1% 16% 2 k Removed x common 1944.. 0.28% b0.37 17 1944 Aug. 31, 1944 18 28, b0.37 Aug. 24, 1944 17 purchase September 21, 1944- 10 1944 Aug. 15% c— Pacific Preferred 17% ft/r discount at Ask Treasury bills— & Sault Ste M—• Optional v t c M— 4%s 4s 5 % 68% 16% 45 f—* 2019 Grande- 4%s 1st 3-4s income Minn 102% 85 V V1'.- '*• Common 1st 4s 42% Bid Chicago Milw St Paul & Pacific 2019 103 Si i04}jl 108% Youngstown— Common 103% 107% 84 & 58 Chicago Milw St Paul & Pacific Gen 5 % Ask Ask 41% 2014 4%s Canton Common 1st 4s l 102% Pacific— Inc; mtge Akron ~ B,d U S Conversion 3s 102% 102 1955-1945 3%s and if issued) t. Western __1988 series A 4%s series Chic Ask & Youngstown— Akron Canton 4s as 0.73% 0.74% 0.77% 102.* JgsJlJgJg J®?* Other (When, 0.73% V'.;'/*./(/ : 0.85s Reorganization Rails 0.72% 100.16 , % Commodity Credit Corp— tlVa% Feb 15,1945 7 1, 1945 100.29 1 Bid •<£ 1945. 1945 1, 100.6 1946... tMar 15 1947— 1,445 100 1,400 \ 1, Mar. 100.28 . 15, f0.90s 100.5 . 15, t%s Feb. 99.31 1%% 1946_. tSept. t%S Dec. 1, 1944 100.11 99.30 . Ask 0.27% 0.56% 0.68% b0.33 b0.58 b0.70 b0.74 b0.75 b0.75 b0.76 b0.79 1, 1944 t%s Oct. t%S Apr. tDec tSept. 100.11 100.10 3A% tMar 15, 15, 100.9 1%% . tDec. 15, 1945_. 341 100.3 3A % 1945_. 15, 100.2 ' Bid of Indebtedness— Certificates 100.3 1 , 15, 1944. Marl5, tMar 200 ; Int. Rate Maturity— Ask % 3A% 1944_. 15, tSept. 100 333 10 15% 100 1,610 25 33% Kings County Trust Central Hanover Bank & Trust 20 Corn Par ——100 Grace National 10 Bankers Trust Continental I Ask Bid 23% 100 Bank of New York Chase City Banks & Trust Cos. Bid Int. Rate Maturity— 33% 34% 68 69 value, a Odd lot sales, to Stock Exchange, Ex-dividend, tions 1944 1944 y Ex-rights, not furnished by r b Yield price, 0.35% b0.375 0.35% d Deferred delivery, e Ex-interest. fFlat sCash sale—not included in range for Canadian market. tin default, sponsor or b0.375 issuer. tThese bonds are subject to all Federal taxes. price, year, A Quota¬ THE COMMERCIAL & FINANCIAL CHRONICLE 564 Monday, August 7, 1944 Week Ended THE COURSE OF BANK f CLEARINGS increase compared with a year ago. Pre¬ telegraphic advices from the chief cities Of the country, indicate that for the week ended Saturday, Aug. 5, clearings for all Cities of the United States from which it is possible to obtain weekly clearings will be 12.0% above those for the corresponding week last year. Our preliminary total stands at $10,131,570,990, against $9,045,414,624 for the same week in 1943. At this center there is an increase for the week ended Friday of 18.0%. Our comparative clearings this week will show an Bank liminary figures compiled by us, based upon Clearings—Returns by Telegraph Week Ending Aug. $4,043,859,156 + 18.0 352,488,051 + 14.6 1,082,824 5,857,000 1,084,492 67,944,823 Richmond 66,893,296 Carolina—Charleston Maryland—Baltimore of Total 6,300,000 0.1 — + 880,487 884,251 7.0 6,138,000 3,992,000 1.6 — 58,246,766 56,579,920 1,769,371 1,955,741 —60.7 1,931,407 1,608,300 153,690,373 , 139,058,241 + 10.5 115,437,792 112,748,967 34,289,970 30,611,878 + 12.0 29,017,859 29,524,706 7.6 211,656,075 205,334,380 + 29.1 5,479,078 Columbia—Washington— (6 cities) 245,903,648 + « — + + 5.0 152,300,000 — 4.8 234,882,000 220,017,000 + 207,458,413 + 173,730,998 + 4.6 137,216,362 130,360,703 + 5.3 $7,041,627,240 1,401,348,585 $6,258,592,747 $8,442,975,825 $7,636,356,037 1,688,595,165 1,409,058,587 $10,131,570,990 $9,045,414,624 Baltimore five days five days— cities, Total all cities, All cities, all Total five days day one week cities for !<, 9.0 181,669,591 1,377,763,290 f. • 101,300,000 1,986,142 + 12.8 •1,800,000 40,612,637 + 20.8 44,236,692 Alabama—Birmingham 54,894,240 35,759,853 + 53.5 4,825,613 37,052,288 19.3 4,112,650 174,400 184,784 79,489,403 80,611,928 361,387,661 314,002,297 Orleans + + 24,405,502 77,200,000 • 1,347,970 1,691,678 1,248,479 22,953,000 31,825,795 " 3.9 1,500,000 27,277,334 ' 8.9 29,204,592 2,954,546 4,038,425 5.6 140,802 133,324 1.4 59,998,060 53,811,213 + 15.1 273,863,460 218,084,244 — — t' Total (10 cities) —— 1.7 + 10.6 Seventh Federal Reserve District—Chicago- 18.4 632,805 Michigan—Ann Arbor Grand and the Saturday figures are not available at time of going to press. Accordingly, in the above the last day of the week in all cases has to be estimated. detailed statement, however, which we present further below, the final and complete results for the week previous—the week For that week there was an increase of 13.6%, the aggregate of clear¬ ings for the whole country having amounted to $9,853,110,640, against $8,676,489,751 in the same week in 1943. Outside of this city there was a gain of 0.1%, the bank of 20.3%. We group the cities According to the Federal Reserve Districts in which they are located and from this it appears that in the New York District (including this city) the totals are larger by 19.2% and in the Philadelphia Reserve District by 1.5% but in the Boston Reserve District the totals are smaller by 0.3%. The Cleveland Reserve District has to its credit an improvement of 5.9%, the Richmond Reserve District of 7.6% and the Atlanta Reserve District of 15.1%. In the Chicago Reserve District the totals record a gain of 12.0%, in the St. Louis Reserve District of 13.7%, and in the Min¬ neapolis Reserve District of 2.5%. The Kansas City Reserve District registers a decrease of 2.9%, but the Dallas Reserve District shows a gain of 29.7% and the San Francisco Reserve District of 8.1%. / clearings at this center having recorded an increase .. .. 4,466,390 2,925,969 2.450.771 + 2.7 2,715,180 2,209,542 + 0.6 25,985,818 24,489,000 3,371,742 + 3.2 2,136,620 + __ 2,684,662 7,243,939 6,657,862 8.8 7,288,960 6,571,725 32,924,091 27,260,884 + 20.8 27,891,889 22,467,999 1,837,521 _ 1,574,976 + 16.7 1,419,753 1,290,910 + 22.3 12,890,086 11,093,694 3.0 5,241,665 4,616,062 __ Wisconsin—Milwaukee- . . Iowa—Cedar RapidsDes 212,235 3,525,632 2,849,377 . Bend___ Haute 428,105 7.3 + 64.3 30,375,000 2,925,420 _ Indianapolis lerre —15.3 — 2,602,585 Indiana—Fort Wayne South 747,257 5,078,654 4,707,458 Rapids Lansing- + 12.0 ends Saturday able to give 5.2 + Mobile Complete and exact details for the week covered by the foregoing will appear issue of next week. We cannot furnish them today, in as much as the week ended July 29. + 109,100,000 Mississippi—Vicksburg- our In the elaborate 32,238,898 130,200,000 Louisiana—New + 12.5 + + 7,595,405 Macon 6.8 226,086,439 9,802,151 Augusta • Pittsburgh Ten District—Atlanta- Nashville 1.8 158,752,372 145,000,000 City 552,000,000 267,626,056 166,703,886 Other cities, r Federal Reserve Georgia—Atlanta 8.7 504,000,000 272,379,870 Francisco San we are Virginia—Huntington Virginia—Noriolk South , I $ Florida—Jacksonville $4,769,807,047 Louis St. ; West District 1941 1942 or Dec. % District—Richmond— Tennessee—Knoxville Philadelphia Kansas in Federal Reserve Fifth July 29 Inc. ' % 1043 1944 403,882,045 < S Sixth . 5 York New I a 1943 for the week follows: summary t i 1944 Moines 12,581,365 Sioux City 6,088,839 — . 440,594 409,973 + 11.8 7 381,960,297 392,232,136 1,289,617 + 22.7 1,505,724 1,123,062 + 57.3 4,870,707 580,062 _ 427,144 Chicago. Decatur + 35.8 434,920,856 Illinois—Bloomington. Peoria—.- 4,879,294 4,412,283 Rockford 1,956,462 + 30.7 2,533,806 Springfield 2,153,336 —13.1 1,619,925 1,583,643 544,815,250 + 12.0 485,380,736 485,016,513 + 15.0 131,000,000 114,800,000 Total (17 cities) 610,359,953 2,699,421 > Eighth Federal Reserve District—St. Louis— iMtissouri—St. Louis 154,500,000 177,600,000 Kentucky—Louisville 64,886,326 61,490,162 + 5.5 56,683,488 49,277,232 Tennessee—Memphis Illinois—Quincy 38,187,565 30,914,350 + 23.5 24,565,840 25,113.181 973,000 909,100 7.0 716,000 710,000 281,646,891 247,813,612 +13.7 212,965,328 189,900,413 —17.2 3,906,960 4,135,311 5.3 96,103,517 82,461,095 6.3 37,501,251 31,516,718 2,711,535 Total (4 cities) + , ! by Federal Reserve Districts: In the following we furnish a summary Ninth Federal SUMMARY OF BANK CLEARINGS Federal . i York New 3d Philadelphia 1941 Dec. % $ $ 637,421,941 330,277,025 308,680,712 3,549,481,974 3,608,464,802 + 1.5 545,918,611 568,577,424 + 572,403,873 0.3 + 19.2 369,790,049 4,689,534,343 628,014,511 5,591,776,580 5.9 488,947,430 '444,987,478 — 7 " 606,093,210 6 —i— 10 " " 264,634,361 245,903,643 + 7.6 211,656,075 361,387,661 314,002,297 + 15.1 273,863,460 :5th Richmond 6th Atlanta 544,815,250 + 12.0 485,380,736 485,016,513 247,813,612 + 13.7 212,965,328 2.5 146,155,255 610,359,953 " " 281,646,891 - * 205,334,380 ' 185,240,943 189,893,116 " 7 10 - + 177,855,009 10 Francisco 2.9 223,569,544 + 29.7 102,085,051 81,285,069 502,297,258 " " " b 112,831,385 464,849,933 + 8.1 389,437,519 318,959,870 9,853,110,640 8,676,489,751 + 13.6 6.959,798.002 6,733,933,035 4,261,334,060 __ 11th Dallas 12th San 3,783,881 4,569,777 133,759,744 127,001,023 42,156,900 44,971,632 3,027,184 2,943,249 + 2.9 2,838,914 1,509,172 1,440,529 + 4.8 1,155,512 1,220,887 825,973 + 47.8 832,057 1,039,052 4,435,348 3,488,760 + 27.1 3,817,044 3,869,577 189,893,116 Minneapolis 185,240,943 2.5 146,155,255 126,788,040 + 12.0 119,201 St. Paul— North Dakota—Fargo South Dakota—Aberdeen Montana—Billings ; 4,158,326,667 + 0.1 3,533,283,082 3,259,131,480- 301,289,907 292,414,653 ■ 146,362,259 "• — Helena—— Total . _——i (7 cities). T&i'?- ki, \ V f Total 1! —111 cities Outside New York City add our detailed statement now 3,289,461 ; Omaha ",r • ■ ■ ' 1944 ■ $ Clearings at— Federal First 5,264,240 212,410,130 2.7 157,777,139 128,700,893 5,717,891 5,596,395 3,727,574 912,889 665,309 292,414,653 - + 15.7 833,338 Joseph 2,246,847 6,822,112 206,596,258 City 49,011,851 + 30.4 794,160 Missouri—Kansas 6.7 2,569,224 7,891,292 301,289,907 Springs _ 4.1 4,976,067 + 0.3 280,228,727 259,307,666 0.1 3,190,406 850,284 787,757 _ + 7.6 380,766 339,393 953,195 + 14.8 780,189 877,388 " — 3.699,706 4,379,074 —14.6 2,267,862 : + n.2 2,517,686 13,569,770 15,836,301 —14.3 15,173,838 14,785,606 6,572,907 6,345,941 + 3.6 5,760,901 5,541,979 16,941,400 16,464,300 + 2.9 14,876,800 553,094 451,818 + 22.4 390,081 368,822,757 369,790,049 3,739,916 _ — _ _ _ Island—Providence Hampshire—Manchester cities) • New •r- 3,608,970 0.3 330,277,£25 5,322,583 ■ > 2,550,946 Buffalo 686,147 + 1,285,740 1,871,636 9.3 845,349 10,571,976 9,479,216 6,321,501 + Syracuse Connecticut—Stamford- + 3,426,514.920 3,474,801,555 - 8,652,315 9,623,694 5,938,650 1.0 5,630,162 ' 6,707.029 24,642,554 35,498,717 Jersey. 312,577 25,095,220 Newark 34,559,270 5,591,776,5^0 cities). ; 6,557,569 397,677 Jersey—Montclair. (12 955,741 + 11.5 6,387,751 671,402 705,409 + 20.3 46,400,000 1,022,940 + 13.8 4,518,163,084 46,300.000 + 14.3 767,575 5,436,382,075 New 115,590 852,368 549,021 223,569,544 177,855,009 2.3 4,854,886 5,678,840 + 27.2 389,438 1,763,865 1,427,188 90,094,953 + 32.2 83,731,729 64,724,776 15.499,260 12,636,757 + 22.7 9,345,311 8,166,625 2,135,999 2,352,868 Galveston 1,867,000 3,073,000 Wichita Falls 1,509,594 1,222,867 4,826,537 4,873,809 146,362,259 Louisiana—Shreveport 112,831,385 + 4.6 2,064,000 2,015,027 + 23.4 1,094,230 1,383,809 1.0 4,085,916 3,567,644 102,085,051 81,285,069 — Total (6 cities). +29.7 • Federal Reserve District—San Francisco— 87,698,518 1.8 20,923,662 24,565,275 + 2.7 26,672,021 29,860,275 85,174,517 ■ + 3.0 ' 73,299,593 53,145,445 + 19.2 1,211,175 1,164.517 9.2 59,854,133 44,374,843 9.3 21,373,445 18,398.128 2,230,408 1,871,135 Oregon—Portland 65,764,486 72,456,244 Utah—Salt 25,067,003 27.644,546 8,934,279 9,073,547 4,587,696 3,351,487 + 36.9 2,347,844 3,556,985 295,870,000 255,869,000 + 15.6 218,326,000 185,313,919 6,004,160 3,857,293 + 55.7 3,642,070 + 54.3 3,457,248 1,071,631 2.8 3,210,520 2,696,210 Yakima Lake City California—Long Beach Pasadena San Francisco San Jose * Santa Barbara 2,007,850 1,301,235 Stockton. 4,132,858 4,250,929 — — — — 1.5 5,345,930 5,213.446 1,454.307 449,076 + 4,689,534,343 + 10.2 119,101,000 Dallas Fort Worth Washington—Seattle 1.7 + 56,883,685 Rochester Total 1,385,816 873,270- * '• 7,957,146 966,351 Northern 845,079 308,680,712 6,221.993 62,165,000 Elmira Jamestown— York 4,064,357 16.633,100 ; —82.0 29,616,147 1,408,931 Binghamton New :r Reserve District—New York— York—Albany New 2.2 8.3 + 19.4 + — Eleventh Federal Reserve District—Dallas— Texas—Austin Twelfth Second Federal 1,834,040 + . +19.2 3,549,481,974 3,608,464,802 Total 502,297,258 Outside New York cities) 8.1 389,497,519 318,959,870 8,676,489,751 + 13.6 6,959,798.002 6,733,933,035 4,261,334,060 (111 464,849,933 9,853,110,640 (10 cities) Grand Total 4,158,326,667 + 0.1 3,533,283,082 3,259,131,48CT + •Estimated. Third Federal Reserve District—Philadelphia— Pennsylvania—Altoona 604,246 * . 1,390,479 829,484 Chester 8.5 415,738 615,485 1.5 1,347,236 1,526,799 —13.8 556,954 1,369,753 714,979 Bethlehem »- 607,507 + — 609,321 ~~~ 1,803,217 1,705,845 + 5.7 1,727,231 1,529,392 1"TJII 621,000,000 611.000,000 + 1.6 526,000,000 552,000,000 Lancaster. Philadelphia Reading 1,882,204 2,330,095 Scranton 2,572,686 2,393,080 ~~~ Wilkes-Barre —19.2 2.010,298 2,094,947 Note—Canadian Bank 2,354,572 1,764,194 + 13.5 1,755,896 1,494,273 1,827,180 —18.2 2,091,158 1,869,032 4,217,200 5.7 3,652,200 of Dec. 31, 1943. 4,216,400 — c'ties). 637,421,941 628,014,511 •+ 1.5 545,918,611 As noted in 250, at ^the 568,577,424 Fourth Federal Reserve District—Cleveland Cleveland-. — Columbus ! Mansfield ' Youngstown 16,015,400 ' •> 88,940,891 74.375.937 203.636,183 + 0.01 170,503,197 152.788,807 13,759,900 + 16.4 11,350,700 12.530,700 1.858.099 + 25.8 2.984,736 + 232,915,624 606,093,210 -<• 2,744.248 3,053,927 (7 cities) :. 2.684,426 4.9 2,336,512 ■ V + 24.2 — 271,549,743 Pennsylvania—Pittsburgh Total 111,423,449 203,673,766 — 1 ""III I-I""!" . 2,825,882 105,953,511 * • - on - . ; o i f 2,710,810 as some given that clearings 1943, in view of the fact time that the correctly reflect business activity, for the intra-bank items do not pass 488,947,430 444,987,478 5.9I »•*-» ; ci-3 • . ■(( 9'.ins. i that through the clearing houses. 197,366,774 <• figures did reason 2.907,934 210,472,952 + j t discontinued 2,273,078 2.3 +16.6 572,403,873 - -i 2,284,554 not was Dec. 31, that it had been obvious for 3,510,351 Cincinnati were issue of Jan. 17, 1944, page last Annual General Meeting of the Canadian ^Association direction returns be discontinued Ohio—Canton our 1,385,614 Bankers (10 Clearing 2,470,809 7.5 + 3,978,500 2,002,083 York New Jersey—Trenton Total 4,821,681 774,437 321,737 Worcester (12 (10 cities). — 35,063,120 V 2,768,180 2,520,820 Springfield Haven Total — 716,164 318,068,494 1,094,584 Connecticut—Hartford Total 795.243 — 850,254 _ Bedford. Rhode $ $ 0.3 — 660,637 3,059,314 - _ _ ___ Lowell New 1942 318,916,123 -- __ River New . 194t 346,061 Portland New . Dec. % $ 658,511 — Massachusetts—Boston Fall . District—Boston- Reserve Maine—Bangor Inc. or,+ 1943 146,264 2,762,149 68,082,312 Pueblo * 155,000 3,233,462 3,349,818 Colorado—Colorado . —18.3 —11.7 63,489,007 Wichita St. , ' 134.677 378,328 3,724,409 309,152 Lincoln ' showing the figures for each city for the for four years: week ended July 29, + IllRSK: 128,799 144,276 Kansas—Topeka We 1,054,752 4:' Tenth Federal Reserve District—Kansas City— isas City Nebraska—Fremont Hastings I + — 126,788,040 — Louis :»th Minneapolis City District—Minneapolis— 189,900,413 17 4 7th Chicago 10th Kansas Reserve Minnesota—Duluth 218,084,244 ,4th Cleveland «th St. 1942 $ 368,822,757 12 cities 12 " 10 " Boston 2d Inc. or $ Week Ending July 29 list 1943 1944 Districts Reserve •) »; 565 CHRONICLE THE COMMERCIAL & FINANCIAL Number 4305 .Volume 160 OTHER STOCK EXCHANGES RANGE WEEK FOR ENDING 4 AUGUST * Angeles Stock Exchange Last ' ■■ STOCKS— ' v- : Par '<'> Accessories Bandini Petroleum Co Barker Corp Bros * common Diamond Blue * * 100 1 Broadway Dept Store Inc common Packing Corp California Co Aircraft Cessna common Corp Investment Central Chrysler Corp Preferred Creameries of America Inc__ ^ Jan 1,225 795 1.80 Jan 2.50 July 1.30 Jan 2.00 16% 16% a28% a28% 65 65% 4% 4% __ * "A" Farnswork Radio & Tele — McBean Co Gladding, — * 14 a45% * 51 % __ Motor Car Corp __1 Jade Oil 10c Co Co Lane-Wells 10c. Lincoln Petroleum Co Aircraft Corp Lockheed Manufacturing Menasco Mt Diablo Oil Co 1 1 __1 Mng & Dev Co LtdOceanic Oil Co___ ^ Nordon Corp * _ „25 —>10 • 1 Pacific Gas & Electric common Indemnity Co Pacific 1 __ -1— 1 — . i COi. Oil Mascot 12% 1 _ .___ __ — 37c a32% — Corp common Republic Petroleum Co common 5%% preferred 50 Rice Ranch Oil Co ............I Lighting Pacific Richfield Oil Corp common — — * Sinclair Oil Corp___ Aircraft Solar Co Sontag Chain Stores Co Ltd * Southern California Edison Co Ltd—25 Original preferred -25 6% preferred "B" 25 5%% preferred "0"——— 25 Southern Pacific Co—.---——— * Standard Oil Co of California • Superior —*.——1 25 Oil Corp—.... Oil Co Transcontinental & Western Air Inc.-5 Union Oil Co of California —25 Universal Consolidated Oil Co 10 Yosemite Portland a3 50 15c 15c 12% 12% 42c 42c 16% 16% 70c 72%c 1.05 1,600 200 446 218 1,200 4,100 75c 9c 37c 720 3,000 1,400 a32%a32% a49 a49 44% 45 5% 5% a47% a47% 303 20 515 For footnotes see McKesson & Robbins Inc Jan May 48c Jan Montgomery Ward & Co N Y Central RR Co 337/8 Jun Jan 49% Jan 46 1,204 8 7 Jan 47'A Mar 49 Feb 8% Mar — — 4'/a 6% 6% 4% July 22% Apr 247/8 July Apr 43 30% Apr 32'A Feb 29% Jan 31% Feb 24 % Jan 33 Va July 35% Feb 39 5y8 Feb ■ a_« 8% Jan 12% July 386 45% Jan 52 a4% 20 4% Feb 5 Feb 70 14% Feb 18 Jun 100 25% Apr 26% May 720 % Feb 45 11% Jan 620 5 Va Jan __ __ __ __ __ July Co 7% July 18% July 51/4 8% Jan 10 y2 Apr 22% July Jun 18% Feb 20 y* July 12 Jan 15 3% May 6% July Jan 7% July 5% May 9c 9c 3,000 Jan 10c May a2c 450 l%c Feb 5c May 2c 2%c 10,000 %c Apr 6c 4% 3%c July 6% Jun Jan 65 May 17 Jan 35% Feb 39 % July 183 40% May 16 29'A a22JA a48ya 13% Jan 36% July 25% Apr 31% Jun 625 12 Jan 19% Jun 235 30'A Feb 32% July 1,055 6% Apr 8% July __ 47 23 Jan 23 42 Apr 48% ' Jun ' 15% Jan 21% 1,507 Jan July-^ Jun 9% Feb 16% Jan 18% Jun 18 Apr 19% July 7% 134 33 jc03 3% Jan 6% 682 26% Jan 30 % Jun 170 20% Feb 24 % July 291 41 1,090 Jun 50% July 114 15% May Feb 18 Mar 940 8% Apr 12 July 1,025 16% 97% July 12 Feb 14% July 22 % Jan 100 29'A Apr 605 32% Mar 208 53% Mar June 55% May 10% Jun Berkshire Fine Spinning ^ grouped in two separate tables. In the 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 are $5 first we bring declared. conv. / ■ Companies When Holdef Payable of Bee Per «hare ' Pipe Line Co Buckeye Forge — 31% Feb 49 % July 37 July 46 Vs Apr 25 33 5A May 95 13 V* Jan 16% July 172 78% Feb 82 July 108% May 108 % May 74 140 jfj% Apr 29% 155 26% Jun 30 350 .1% May 2 43% 50 Jun July July Jun 50 Apr 345 50% May 62% July ; 155 42% Feb 52% July ' 132 93 Feb 99% 0% 1,065 37 175 Concentrating non-cum. pfd. conv. (s-a) — (quar.) Laboratories, Inc. ; Allied Products Corp. common (quar.) Class A (quar.) Allis-Chalmers Mfg. common.:—: ' ; Allied Kid Co. Allied 4% Brothers com. $1 5c (Irreg.) pfd. (quar.) —: Asphalt Roof (quar.)— American Forging & Socket S3 conv. American —— Feb 19% July Jan 39% Mar Furniture American Hair & Felt common 6% $6 $1 50 $1.50 (quar.) 2nd pfd. (quar.) 1st pfd. Leather— 6% conv. pfd. (quar.)— — American Home Products (monthly)—. American Investment Securities—■, American News Co. (bi-monthly). —— American Pulley Co. (quar.). _ American Rolling Mill Co. common—4%% pfd. (quar.)..: ——— American Superpower $6 pfd. (accum.)—. Woolen 7% pfd. (accum.) Anchor Hocking Glass Corp. common American $5 preferred (quar.) ., America com. quar.)r__ (quar.) — Animal Trap Co. of 7% preferred Atlantic Refining Baltimore Radio 6% — Bankers (quar.) & Shippers Insurance H.) ... (quar.) Co.; Barber-Ellis Go. of 25c —75c (quar.)———— Peti#leum (quar.) (W. $1-25 12%c 87%c 25c preferred Bandini Barber Show com. $4 15c 25c Co Special Atlas Corporation common 6% preferred (quar.) Atlas Powder Co — — Canada (quar.) 9-1 8-18 $1.12% < $1 — —....——— 9-12 75c 20c 15c 30c 20c 20c 75c 5c 15c 3c $1 25c *12%c - 9-15 8-10 9-15 10-14 9- 1 9- 8 10-14 9- 1 8- 1 1$1 $25c $$1.62% • H0c $50c 9-1 9-11 9- 1 9-_l 8-20 8-12 9- 1 9-15 $6 9-15 9-15 9-15 9- 1 10- 1 8-31 (Kansas 8-14 8-14 8-31 8-15 8- 7 8- 7 8-15 8-31 City, Store Real $2 4% pfd. (s-a) Co.— guaranteed (quar.) Regular stock (quar.) • 50c 87%c Broadcasting class Columbia — 40c 40c A B Columbia/Brewing Co. Columbus Foods common Crum & Forster 7# Curtis Insurance Shares— 43%c , $1-75 ——— pfd. (quar.)_<___ Light Mo pfd. (quar.j__ Detroit Gasket & Mfg. 6% pfd. (quar.)—- , Dominion Stores Ltd. (quar.)_*_—; _-.__. Dravo Drewry's, Durham Eaton Power & Corporation ____— Ltd. Hosiery Mills 6% Manufacturing Co. 57c —— pfd. (quar.)—_— (quar.) ; ; 8-15 7-20 •• 9- 1 9- 1 9- 1 9- 1 9-1 8- 1 8-1 9-23f 8-31 10- 1 ' • 9-15 . 75c $1 30c tl0c 15c . 5c $1.50 75c 8-31 10- 1 .. 9-30 r 9-1 9-20 8-15 9-25 8- 1 8-25 8-10 15c 15c (quar.): 1 8-19 8-25 8- 4 75c 9- 1 8-15 25c 9- 9 8-26 $3.50 8- 1 7-20 25c 8-15 8- 7 8-15 8- 7> -< 35c 8-15 8- 7 9-27 9- 5 — Co. $1 7-25 1 50c 9- 9- 9-15 25c 1 1 8-10 25c 9-11 8-21 10c (N. Y.) Brewery— 9-15 8-18 < 34%c Harbison-Walker Refractories, com. preferred (quar.)... Harbor Plywood, $2 conv. pfd. 1 8-21 9- 1 8-11 10- 10-20 6 25c 7-21 9-25 9-15 9-25 9-15 $1.25 5% 1 $1.25 5 7o 8- 15c (accum.) (quar.) Corp., common preferred (quar.) preferred 2nd issue (quar.) Harshaw Chemical, 4%% preferred 8-15 9- $1.50 67o Harnischfeger 1 25c (quar.)_ 9- 50c (quar.)_. Griggs Cooper & Co Hazel-Atlas Glass Co. 8- —.— ; Indemnity preferred ♦ f 37 %C Manufacturing Co._ Co. (quar.)_" Griesedieck Western 9-25 9-15 $1.12% 1 8-16 $1.25 10- 2 9-15* 20c 9- 1 8-13 $1 (quar,)_ 9- 9- 1 8-18 (quar.) Heyden Chemical Corp., common (quar.) Hibbard, Spencer Bartlett & Co. 47o 9 *rt (H. W.) Great American . 1 9- 8-10 (quar.): Securities Grand Union ;> 8-15 9- 9-15 30c Refractories 5% 7c 8-15* 10-10 10-15 $2.50 - (quar.) convertible preferred (quar.) Gossard 8-15 ' preferred preferred Gorham « 9-19 Investment Co.— America Corp. (quar.) Flreprooflng Co Iron Works, 17o pfd. (accum.) General Phoenix Corp., $1 pfd. (quar.) Goodail 1 8- 5 ; $1.12% General 77o 9- $1.75 — General General 1 $1.50 common—. non-cum. $1.50 2 9- • 7-31/ f .'8-15 10- 1 9-15 8-15 25c — of Reo. ' 9- 1 50c General 7-31 7-20 _ (quar.)— Delaware 10c $1 62%c 56 %c > Publishing Co. prior preferred 50c 37%c ■ (quar.)—-—— 5% preferred (quar.)—-—-Consolidated Biscuit (quar.)—— Consolidated Steel Corp. (special) Consolidation Coal $2.50 conv. pfd. (quar.) Crown Cork & Seal $2.25 pfd. (quar.) , 8- 1 9- 1 8- 1 20c 75c Special Class , Pittsburgh RR. 8-15 50c Mo.) (quar.) Estate Trust (Mass.)— Quarterly & Foundation 10- 50c C.) (quar.) Co. H.) Co., preferred $4.50 Corp. Chicago Corp. $3 pfd, (quar.) Cincinnati Inter-Terminal RR. Cleveland 8-19 8-19 9-15 9-15 (M. Flintkote > $3 -$3 (quar.)— preferred 7% Fishman Holdera 9-11 40c prefered tquar.) Fajardo Sugar Co. (quar.) Federal Light & Traction, $6 pfd. (quar.) Fenton United Cleaning & Dying— 8-15 . 50c preferred (accum.) preferred (accum.)__— Chain 7-29 8-15 9-15 8-18 8-21* 10- 6 7-28 8-21 8-21 —— Investment Corp., Ltd Central Surety & Insurance 8-14 7-28 9- 5 -xv 8-1 9-15 9-15 9-11 6% 9-1 7-28 (quar.) Ltd. (quar.) Caterpillar Tractor Co. (quar.) Central Illinois Public Service— : ; 9-22 8- 1 Canadian Foreign (quar.) ' (interim) preferred 6%% 9-20 9-20 9-30 B Class Canada Vinegars, 9- 1 8- 5 8-15 9- 8 8-22 9-1 75c Semi-annually 8r251,_ 8-10 9-^1 8-14 9-1 8-21 9- 1 8-19 9-15 8-18 8-25 8-15 15c 50c 2%c 50c 20c 45c (quar.) — Employers Reinsurance Corp. (quar.) Equitable Fire Insurance (Charleston, S. preferred 6% Eversharp, Inc., 5% 10c 35c Pacific Utilities— Wire & Cable class A Canada 8-10 9-20 v.; American Hide & _ 9r,4 8- 4 8-21 8-21 8-15 8-15 8- 7 9- 1 When Payable 25c Elastic Stop Nut Corp, common 8-3 8-15 7-20 8-31 8-31 8-31 8-15 9-1 Electric Power—— California 8-18 7-19 7-19 9-30 8-19 8-30 8-15 10- 2 10- 2 10- 2 3c 12 %c (quar.) American 75c 20c 12 %c California 8-15 8- 8 9-15 9-11 9-11 9- 8 9-5 8- 1 8-1 10-15 43%c 25c (quar.) preferred Altorfer — 9- 1 8-15 10- 1 10- 1 10- 1 9-30 50c 25c 15c 50c 9-22 9-22 8-12 j. ' 8-25 >" 9-20 y 12 %c • All-American Aviation— 4% : Jun thare Company Name of & Hill & Sullivan Mining Bunker ;; (quar.) Co. Shoe Buffalo 7-31 8-15 50c Co. (irreg.) Acme Wire Bearing Boyertown Burial Casket (quar.) Braniff Airways, Inc Bristol-Myers Co. (Interim) Brown-McLaren Mfg. (quar.)Brown Name ot Company — Hose & Rubber (quar.) Roller Bower 40c 40c 25c 50c 50c Manufacturing (Richard) Boston Woven 8-14 9- 1 9- 1 9- 1 9- 1 8-28 50c $1.25 $1.75 50c $1.50 35c 25c Extra Borden announced this week are: Industrial and Miscellaneous , — $7 pfd. (quar.) — Bigelow-Sanford Carpet com._(quar.) 6% pfd. (quar.) — — Birmingham Fire Insurance of Ala. (quar.) Black & Decker Mfg. (quar.)— Department" in the week when - The dividends Association— (quar.) —_w—— pfd. (quar.) i Common Holder« When Payable of Reo. ' ehare Name of Company DIVIDENDS Investment News , July 20 Jan 27% 30 / 31% July Jan 13% 85 July 28 34% 8% May 100 438 • • 21% July 88% Mar 212 (N J) Apr 113 650 Per and - 563. page Per Dividends , 165 27 27 a30'/2 a3iy8 33 Va 33 Vo , a31 Jun Feb 28'A 36 19y2 19% a94% a95% 13'/2 13% __ __ Jun 3- 1% 11 a47!A a48% al6al6y8 10% 10% „ 43% July 53 Mar 325 a22'A a22% al6 43 50 - 160 Apr 745 — 18% Jun 32% 16 - : Jun 30% Mar 265 25 a55% a55% a57 Stone & Webster Inc * __ a9% alO Studebaker Corp ——1 al8y* al7% al8% Swift & Co 25 — a29% a297/8 Texas Company 25 — a47l/2 a48% Texas Gulf Sulphur Co —* a35'/8 a35y8 a35y8 Tide Water Associated Oil Co10 / — al5y2 al6y8 Union Carbide & Carbon Corp * a79% a797/8 a807/8 Union Pacific Railroad Co -—100 •, — al08y8 al09y8 United Air Lines Transport-—— 5 ^ a30% ^ a297/s a30% United Aircraft Corp—; 5 — a28y8 a28% United Corporation (Del) * " — IV2 1JA U S Rubber Co 10 a49% a49% U S Steel Corp—_1 * - — a57% a59% Western Union Telegraph Co 100 a47% a47y8 a48y8 Westinghouse Elec & Mfg Co.— 50 alOl'/s al00% al0iy8 Willys-Overland Motors Inc —1 167/s 16% 17Va Woolworth Company (F W) 10 a41% a40% a41% Standard Oil 8% 105 al7% alsy8 ;i 5'A 5% 29 V* 29% al7% 5% 1—* * 25 July 1 Ve 15'A July 100 a497/s a49y8 2% 2% a37% a37% a29% a29% 18% 18% a31% a32y2 8Va 8% a24 a24'/2 a46 a47»/2 : 19% 20% V 8% 8% al7V2 a 17% a32 - Jun ' Jan . ale 1 * —_* * —15 Republic Steel Corp Sears, Roebuck & Co Socony-Vacuum Oil Co Southern Railway Co— Standard Brands Inc Standard Oil Co (Indiana) 66 % July Apr 37% 377/8 a42% a43y8 „ * * Co 18% Mar ai6% al6% __ 50 25 r. Corp of America Radio 10 >'■ May 37% 7,694 43 821 15 235^ al3% al3% 6% 6% Jan Oil Pure July 7% May Car Co Phelps Dodge Corp Pullman Incorporated Jun 15 Co Motor 21% July • 50 a4% 2% * ,_1 10 * —* Inc„ Pennsylvania RR Co Jan Jan Oil Ohio July 10% : 61 al6V8 al6V2 a26% a27 11 al4 al4 7 73/3 a30y8 a30% isy8 18Vs 18 American Aviation Packard 11 y* July 51% 9 963 245 ' 891 9% a20% a20% 19% 19% 42c May Jan 2,524 9% Feb 47% May 320 33% July 36% May __ ——^* Inc North American Co July Apr 9 23% Mar 36% May 7 McNeill & Libby Libby, Jun 14c 5% 525 24 19% 1.25 Mar 75c. 3 30 135 a42% Co Feb 30% Jan 1,534 9% F) Jan 400 57% 125 __ Jun 47 % " 67/8 7 a77V8 a77% -- 25c Co Ltd July 72 %c July North 4 307 51/4 * 7c 37% a77% :—10 Co—__10c Mining Co— Cardinal Gold Imperial Development 18 30 790 al7 Apr __ Co Corp 60c 9 Gold Mng Co Juneau Jun 3% Feb 15% __ Motors Corp Northern Railway Co Mar 28c 19'A 145 „ —1 —1 95c 30'/a 30% 36% 37% Cement preferred-10 Mammoth Cons Mng Black Jan 44c 15 % 3% 5 Graham-Paige 30c — 31% Goodrich 40 % a52Va a52% 14 14% 23% Jun Jun 14 y* July 25c July 115 -v, a27 _____* 1 Great * International Nickel Co of Canada—_* International Tel & Tel Corp —* Kennecott Copper Corp * (B 4 67%c Jan a40%a40% 31% 31% 30'A 30y2 — Foods Jan 1,025 9 23% Electric General 24c Jan 10 3% — General Jan May 5 - ley* July 1% Jan 4c May 92y2c 32 __ Corp—___—^._:__5 Class A Jun 53 Apr Feb 8% 3% Mining Stocks— Alaska 49% Co Zellerbach May 3% May 1 _ Curtiss-Wright Corp 14% July Jan 500 441 — ——12 Transamerica Corp Jan 72V2c Jun 3% . Sunray 10 40c 10 * 1 (Del) 38 y2 9% a52% Oil Jun 32 __ Continental 65% July 50 al4 Corp— Jan 70 __ _l Motors July 6% July Jan __ 25 Continental 28 Apr __ Aircraft Corp Vultee 162% July Jan a39% a39% all3/a all% 49'A 49 % L* & Consolidated 43% July Jan 5 __ Co Edison Commonwealth Feb 24% 56 __ Southern Corp Commonwealth 36% 156 Vt 442 347 __ * Corp 45 443 200 a33 Corp____ Solvents Apr Jan 47 Electric & Gas Commercial 13% Mar 14'/8 ; 12% July 60 y8 62% a32% a33% __ a20% _5 —_25 .* Co Tractor 55'A July Jan High . Jan al6% __ 15 9 440 69 69 a30% a30% a4% a4% a20% a21% __ * ._* Corp Corp Pacific Railway Co Columbia Crown 100 __ 5 Co Steel 37c Jan Mar 52% 843 Oil Caterpillar Jun 9% 3,200 40c 1' Safeway Stores Inc 12 __ 5 Co Canadian 10% July 30c — * Ryan Aeronautical Co 24% Jan Low •»' IDA a39% a40% al62 al63y2 25% 26 6 6V* al63 50 Borg-Warner Jun Jan 55% July 16% 97%c 75c 9c 37c Borden 13% July 7% 72%c72%c — Hupp 95% Jan 20 y2 14% 72%c Jun May 5% July Jun 9y8 a3 1 Car Co Motor Bethlehem 73 211 143 14 a47 ! Holly Development Co Hudson Barnsdall 30 % Jan 84% May 60 1,630 835 364 a60% a62% 50 * * = & Rubber Co com Hancock Oil Co "A" common Goodyear Tire 167/s July Feb 30 a61% 10 General Motors Corp common Feb 4'A • —100 Refining 15JA 211 100 440 739 __ Atlantic July - Tel Co & Atchison, Jun 1% Range Since Jannary 1 High 11 11 Topeka & Santa Fe Ry__ 100 Co __25 Aviation Corp 3 Baldwin Locomotive Works .v t c____13 Jun 17 Shares Low * Copper Mining Co Co (111) & Armour Feb 6% 45 60 300 12% 12% 34c 34c 12% 12% M-- , 25 % 325 50 a92 a927/8 11% 12% 22% 23% 10 10 __ 12% __4 1 Co Ltd Co 1.70 a52% a52% Inc Oil Exeter Jan % 1.70 4% Products Corp_ Aircraft Electrical 12% __ __ * ^ * ~_1 common Smelting & Refining Co Anaconda 5% July July 300 1% a285/8 5 . Consolidated Steel Corp Douglas '. Jan 4 :'i% 2.40 ':'2.45 __ 2.40 ^ Rad American ^5 3 923 20 __ —2 1 Corp Chica Oil Corp Bolsa : 1 1 Berkey & Gay Furniture Co.: 2 Sani Corp— & Stan American 45/3 43/8 4 4% al6% al63/4 4 for Week Stocks- Unlisted Range since Jannary 1 Low High Sales Range " Par V •: American Tel 4% ; Last Sale Frice STOCKS— ;v 50c 1 Corp Aircraft Range of Prices Low High Sale Frice .. Sales for Week Shares Week's Friday Week's of Prices Friday ? Los preferred 1 8-15 15c 8-25 15c 9-29 9-19 8-18 15c 10-27 10-17 8-15 37 %c 8-10 8-18 7-20 7-20 9- 1 8-17 9-16 8-31* 8-14 9- 8 9-11 8-12 8-24 8- 5 9- 1 Monthly Hobart Manufacturing, class A Holophane Company, common $2.10 preferred Houston 8-10 (quar.) 30c (irregular) — $1.05 (s-a) Fire Mfg. Heater 8-12 8-10 9-30 8-15 9-10 8-15 8-15 9-30 35c 90c (s-a) 8-31 ' 7 r 8-15 8- 5 9-15 8-31 65c 8-15 7-31 55c — series K-l (s-a) 8- 5c — —- (quar.) 8-20 8-21 3 7a , Kysor 7-20 9-11 Tioc —~—-— Koehring Co. 1 9 30c Y.) Keystone Steel & Wire.— Keystone Custodian Funds, 9-15 8- 9A 37%c — Imperial Tobacco Co. of Canada— Ordinary shares (interim) 6 7o preference (s-a-)_—— Jefferson Lake Sulphur, 1% pfd. (s-a)__— Insurance Co. (N. K. W. Battery (quar.) .: 8-10 2 6c ; (initial). Jersey 8-16 8-21 10- 25c Insurance Humble Oil & Refining Hurd Lock & 1 9- 90c (Baltimore)—— Lighting & Power (quar.). Homestead Special 7-27 (monthly). 8-15 7-31 50c 8-n 8-15 10c 8-15 8- 1 » I THE COMMERCIAL & FINANCIAL CHRONICLE 566 -.Sr. ** Lake Lane Wells Lionel (irregular; — Corp. (quar.) Lock Joint Pipe Co. (monthly) — Monthly Monthly Manufacturers 75c pfd. (quar.)— 6% pfd. (accum.) Minneapolis-Honeywell Regulator, common4%% preferred C B (quar.) — 4%% preferred C (quar,) — 4% preferred D (quar.) Monomac Spinning Trading, Michigan Sugar Co., Utica 1 # 8- 8-15 8-31 7-21 $1 25c Vick Chemical Co. (quar.) ______— Virginia-Carolina Chemical 6% partic. pld. 8-21 9-20 Virginia Coal & Iron Wacker-Wells 7-31 7-22 9- 9 8-25 9- 1 8-19 9- 1 8-15 9- 1 8-12 9-11 8-21 9- 8-18 9-15 9-15 8-16 9- 1 (quar.)_ preferred (quar.) Co. (quar.) Jackson California Pacific California 5% Packing preferred Corp., $9 ——• 1 7-31 7-20 1 8-15 7-31 62 '/2c 8-15 1 ; 8-31 8-15 Canada & 8-15 11-15 8-15 11-158- 7 8-16 Canada 6% California-Western States Special Callite-Tungsten J1 Corp. Dominion Life 8-15 7-31 C 50c pfd. A (quar.) ;Q (quar.j_ B 8-15 37J/2c Dry Ginger Ale preferred 7-31 9-11 50c California Water Service, 75c $2.25 3 9- 37V2c (quar.)_ common (quar.)____ 8-15 8-15 7-21 8-15 6% 8- 9- 35c : 3 1 i $1.75 25c Utilities 7-31 8- 9-15 8-15 154 37V2c — 8-15 1 9- 5 9- 1 15i Water. 7% Byron Washington Railway & ElectricCommon preferred conv. <quar.) common 9-12 9-15 8- 1 9-1 $1.12% preferred (quar.) Walker Manufacturing, $3 pfd. (accum.)— Warren (Northam) Corp. $3 pfd. (quar,)— 7-27 Brothers, 5% 8-14 8-21 8-16 8-28 $1 40c (quar.),— 4%% 7-25 $1.50 Walgreen Co. common 8-19 — 50c > — 8-15 9- $1.25 — 8-15 9-1 $3 _____—__ — (quar.)— Building Corp. (s-a) of Rec. 9- 1 40c common Butler Butler Extra 8-19 9- 1 8-11 - When Payable (quar.) Burroughs Adding Machine 20c (accum.) 8-11 50c. Corp., preferred 9- 9 9- 6 9-20 Company— 5% 8-21 8-26 9- 1 Holdera Per ahare Name of Company o1 Rec. Burlington Mills $1.50 Knitting 8-31 8-21 Pavaoie prior pfd. 1 9-30 $1 $1 . Factories 6% Wall Paper Norman Van 8-10 7-31 1 hare Quarterly 8-30 9-15 $1.06 Machine Morse Twist Drill & Name of Comvana 8-15 1 9- $1.25 25c 10c 20c $1 $1 $1 18%c 10c 25c $1 C (quar.)- Leece-Neville of Reo. Holdera When ret Holdera United Superior District Power— preferred (quar.) 5% When Payable Per ahare ' :"-: Name of Company Monday, August 7, 1944 9-11 37J/2c Insurance • 10c (interim)— 8- 9- 8 8-15 7-26 1 9- 8-25 ; 9 $20c — Sugar Co. 8-25 < ' Mullins $7 preferred (quar.) $1.75 Products (increased)..—30c Mfg., National Dairy National Gypsum Co., National Pumps, - 5% % $4.50 pfd. (quar.)— 5%% preferred (accum.)_ preferred National Steel (accum.) (quar.)_ $1.12% 27 %c ...» 8-15 8- 27 %c 75c $1.50 —- Corp. 9-15 9-12 9- ; New York State Elec. 5.10% Gas (s-a)- 1 8- 8- 7 7-25 Light preferred on CO 9-1 .p. $1.27% Stock 8-25 8- 5 8-25 8- 8-25 8- 8-25 8- Food Stock 8- 8- 5 8- 5 8-25 One Co., of share Pacific Gas & Power, 4%% Ohio State Life Oxford Paper, 8- 5 8-25 8- 8-25 8-5 8-25 8- 5 7c 8-25 8- 5 8-25 8- 5 8-25 8- 5 8-25 8- 5 7% 10- 7% 9- , 8-18 Plantation 9- 1 — - 6% American Bantam Car, American Business Shares American Can Co., common 8-25 1 6% lot preferred Pressed Public Metals 5% of Service Co. 1 8-31 8-15 8-5 1 7-25 8- 9-28 1 Semi-annual 8-15 1 8-15 9- of Roos Indiana com. 6% conv. (quar.) & Trust So. Calif. Co. 8-10 8-15 6% Co. (quar.) 9- 1 United 9-1 8-10 50c 9-25 9- 5 25c 9-22 9- 5 8- 1 (quar.) Atchison Atlas 9-15 8-18* 9-15 8-31 9-25 9- 8-25 8-15 1 Baldwin 8-15 8-20 $$1.50 10-16 1 Bethlehem Montreal 9-20 Bank of Toronto 8-15 Barnsdall Oil Co. 7-25 8-31 11- 1 10-16 11- 1 10-16 9-15 8-15 9-15 8-15 > 7% (quar.) (irreg.) (quar.) 8-15 Belding Heminway Co. 8-15 Bertram 8-15 $1.62% $25c 37 %c _ I" ____ (quar.) __ 1 8-14 9- 1 8-15 8-15 10c 8-26 8-16 9-1 8-15 25c $125 50C . 9- 8-25 50c 50c __ ~ Bearing 1 1 10- 2 9- 1 9-15 9- 1 ,9-15 9- 5 9- 1 8-18 5% 8-31 8- 50C 9- 8-15 1 $1.12% 9- 1 $1.25 _ (quar.) _ 9- 1 75c 9- 4 8-10 8-15 1 $75C 10- 2 Playing Card Co. (quar.) Lithograph 5 % pfd. (quar.) 1 8-11 Blauner's $3 Bliss 9- 9 50c 62%c 8-15 7-31 (s-a) 8-31 8-15 8-15 8- "1 Co., 7% 1st pfd. (interim). Boston Fund, Inc. (quar.) Bourjois, Inc., $2.75 preferred Edison Silk Buck Hill Mills Falls 10- 1 9-15 Budd (E. G.) t-4 9-15 Bueli Die & Co. (accum.)— Mfg., 12-25 9- 1 8- 5 9- 1 9- 1 8- 5 56%c Corp., (Reading, Pa.) Ltd. (quar.) 1 9- 1 8-15 Container Corn, 7-31 9-1 8-15 > 9-15 8-11 i 10- 2 10-2 10- 2 9-15: Power 90c $1.12y2 • 9-1 25c $15c (irreg.) 10- 8-15 9-15 8- 4 1 8-18 8-31 8-31 7-28 8-21 8- 9- $50c America 9-15 9-15 9-15 30c _ 2 8-15 50c 31 lUc common Continental Telephone Co.— * of > $1 preferred 8-15 Glass, 25c 5 1 7-31 7% $$1.50 9- 1 7-31 7% 9- 1 8-15 6% % preferred (quar.) $1.62% 10- 2 9-15 9- 9 8-15 6% % preferred (quar.) $1.62 % 1-2-45 12-15 9- 1 8- 10- 2 9- 8 $25c 9- 1 7-28 37»/2c 9-15 7 2 2 V 8-31 8-15 8- 8-15 7-25 1 prior pfd. (quar.) 7% 1-2-45 12-15 20c 9- 1 8-18 $1 preferred (quar.)__ Imperial Mills (quar.) 9- 1 .8-18 9- 1 $$1.75 Crown Cork & ; 7-31 8-31 7-20 9-20 9- 9-15 9-1 50c 8-10 8- $1.50 Co., Ltd. (quar.) Drug Co., 7% conv. pfd. (quar.) 1 Crown 12J/2c 8-15 8- 1 10- 2 8-15 8- 1 50c 9* 1 8-15 9-1 8-15 9- 1 8-15 9- 1 8-15 1 2 9-22 $50c 8-15 7-17 433/4c 8-15 8- 9- 8-14 Crown-Zellerbach 75c 1- 8-15 - Seal 9- 8- $30c 2%% 25c $1.25 :—; (interim). 5% preferred (quar.)__; 9-15 $5 $1.25 conv. Culver & Extra Corp.— • » preferred (quar.) Clinton Port (semi-annual)__ 10c- ■ 10c — Cuneo $8 Press, 4%% preferred (quar.) Sons, 7% preferred (quar.) preferred (accum.)_. 8-15 7-31 Decker (Alfred) 9- 8-15 Deere & Co., 8-21 1 7-31 8-15 8- 9-11 8-25 1 ; $1.12% 7% 8-31 8-11 9-15 8-15 12y2c 8-15 8- $1.25 9- 1 8-22 8-25 8-15 1 & Cohn (resumed) preferred (quar.) preferred (quar.) preferred Denver Tramway Corp., Denver Union 9-15 Stock Yard V 8-15 10-10 10-2 35c 9- 1 9-1 9- 1 8-15 ■ 12- 1 $1.75 9-30 12-23 $1.25 *12-15 8-15 11-151 9-30 12-23" 12-15", Co.— 5%% preferred (quar.)__ Derby Oil & Refining, $4 preferred £ 8-15? *■'<" 75c : 1st preferred 9- 8-15i 1 $1.75 : : 8-15 11-15 1 75c (quar.) 8-25 11-25 9- 25c • (quar.) 7% . 9- $1 (quar.) 7% 5 $2 1_. common 1 $1.75 Dentist's Supply Co. of New York— Common (quar.) Common $1.75 2c RR. $1.25 Cushman's $iOc (quar.) 9-15 <.$1.75 Crompton & Knowles Loom Works, common. 6% preferred (quar.) , 50c ; 10- 2 (quar.)__! Cosmos 7-31 8-15 $1.75 Co., common (quar.)_ ,Courtaulds Ltd. (ord.) (regis.) Crane Co., common (quar.) 7-31 8-15 preferred $4 . Corrugated Paper Box Co. Ltd.— 8-31 10- . participating preferred (quar.) participating preferred (quar.) Cook Paint & Varnish 8-31 10- 68%c I ■ 8-15" 40c Inc.— & common 9- 16c (quar.) (quar.) $5 York Co. 40c (quar.) Machine 12-31 60c 8-15 75c (interim) Co. class A convertible Consumers Gas "v 0 Borden Co. Brooklyn 7-25 ; 9-25 5c 62J/2c Blue Ridge Corp., $3 convertible preferred Cash or l/32nd share of common stock r-i O 1 Consolidated Vultee .Aircraft 75c Inc. (H. C.) 7-31 9-30 (increased) Laundries Consolidated Press, $1.50 (Phila.), common (quar.)___ (quar.) (E. W.) Co., common (s-a) Bohack 8-31 • $1.50 7-28 '1 preferred preferred 8 55c Light 8-11 Consumers 8- • $$1.50 ;_ New Electric 1 4 1 8-15 $15c (Bait.), common (quar.)— 4%% preferred B (quar.)—______ 4% preferred *C (quar.)_._ $1.25 9- 75c Co.— of 1 40c (quar.)_. 6% preferred (s-a). 5% Co. 9- 20c & Company (quar.) Birmingham Water Works— preferred Gas Consolidated } 7-15 8-15 $1.25 (quar.)_ (accum.) (quar.)__ 9- $15c Best Bruck 2c (quar.)_ (s-a) Brewing Corp. of America (quar.)_ Electric Light & Power Shares— (irreg.) 9- 8-31 $$1.75 (quar.) Extra 6% 1 $5c (J.) & Sons 6% preferred Consolidated Edison Consolidated }$l 1 pfd. 4 $1.75 pfd. ; 9-14 $1.50 common (quar.) 9- 8- 2 15c Belding-Corticelli, Ltd., 7% 9- 9- 9 8-25 10- $$2.50 (quar.) 9- 7-20 8-'l ' 8-11" ,, Ltd.— (quar.)__. (quar.)_— Connecticut River Power 7 8- 7-20 8-15 - $1.12% ° (quar.) Bathurst Power & Paper Co., class A (quar.) Bayuk Cigars Inc. (quar.) Common preferred 8-11 $1.05 7-20 8-15 8-15 10c (quar.) (quar.) Steel Corp., preferred $2.20 8-11 (s-a)_ 8-15 $1.25 $1.50 ———_____ 1 (s-a) $1.25 1 (quar.) 1 $5c pfd. 8-15 & Power— 10c Insurance Co. 5 9- 8-28 Ltd. preferred 9- v of pfd. 40c (quar.)_ 7-25 '8-15 $$1.50 9- 9-30 7-25 ' 68%c Corp., $5 7% $1.50 pfd. 1% H.) Connecticut Power 8-21 8- 11-2 8-15 5c $2.40 8-15 1 12-1 8-15 i Telephone, (N. Connecticut Light 9-1 9- *: 9-15 . 8-11 25c Quarterly 9- Ry Extra Bank 1 Works, American 9-15 8- Fe Light Co., 4i/2% Corp. (quar.) : Locomotive Baltimore 8-25 9-12 Sante Gas 37%c 9- & 1 9-15 9-30 : -8-11; 9-30 (irregular) Confederation Life Assurance (Toronto)— 25c Automatic Products Corp. (quar.) Aunor Gold Mines, Ltd. (quar.) Topeka 8 9- 8-10 9-30 9-15 Co. (quar.) $1 —$V2c National, $1.75 $25c (quar.) common 8-14 Tack Conduits $1.75 Dry Goods Corp., 6% preferred (quar.) 7 % preferred (quar.) Atlanta Gas $1.50 Canada Associated $1 pfd. $1 8-25 25c (quar.) Quarterly 8-31 75C Car U. S. Printing & $15c common >jy2C _ Trust, Ltd.— registered (interim) States 8-10 9-30 Securities B 1 8-25 25c (quar.) class A pfd. 9- 8-10 United Fuel Investments— 8. 75c 9- $1.25 (quarj_-1 6% 1 8-10 9-11 $1.06% United Chemical $3 partic. pfd Series 75c 9- 9-15 25c United Air Lines, Inc. 4%% pfd. United Aircraft Corp. 5% conv. pfd,. (quar.) U. 8-31 7% preferred (quar.) Associated Breweries of 50c (quar.)l ; Co., Ltd. dep. rets, Texas Company (quar.) Thompson Products, Inc. common Tank 9-15 8-15 30c Swift Internat. Ordinary 50c 8-25 Corp., $1.50 pfd. B (quar.)__ partic. pfd. (quar.)_ (D. A.) Oil Co., Ltd. Sullivan Machinery Co Roller 50c 10c 25c preferred common $1 9- 1 9- 1 4c Concord 25c (quar.)___ Quarterly 8-25 Commonwealth 9- 10-20 1 $1.06V* International 5 ....... 1* $25c com. Commonwealth 8-25 4 ............ t 9- 30c Investment 8- Artloom V Carbon Commoil, Ltd. (quar.) class A (quar.) Co., )t... 8- 11-1 ; 20c - " preferred conv. 8- 8-10 1 $2.75 8-15 Foundries (quar,) 1 : 8-15; 11-15 12%c (quar.)— Commonwealth 9- v., 37%c (quar,> Co preference (quar.) preferred 5% series (quar.) preferred series A (quar.) 8-31 Anheuser-Bush, Inc. Armstrong Cork Co., common (interim) 4% coaV. preferred (quar.) 30c 6% of Indiana Superior Tool & Die B $1.75 Y.) 9-14 8-1, $1.25 25c cum. 50c (N. . 8-11* 9-1 12-1 8-10 9- 1 $1 ii Columbian ... Co. 15c common Edison 9-30 25c Stuart ■t 9-11 8-21 10c $25c Extra Union 9-20 10-14 Anglo-Canadian Telephone Co.— Class A (quar.) Copper Mining Co Andes Copper Mining 5 " (quar.) Sterling Drug, Inc Sterling Engine Co Stonega Coke & Coal Stromberg-Carlson 6%% Timken 8- 10-16 5; Columbia Pictures Corp.— 8-18 Anaconda 8-10 $10c ; $5 preferred A (quar.) $4.25 preferred B (quar.) Tobacco 8-25 1 25c (irreg.) Canada Power $5 7-20 8-15 9-1 8- $1.50 cum. 6% 1- 9- 75c Southern Pipe Line Southington Hardware Mfg Squibb (E. R.) & Sons common Standard Oil 8-15 5C Pulp preferred Southern 8-15 Investment Corp. Soundview 6% Class • 9- 25c (quar.)___ Sivyer Steel Casting Socony-Vacuum Oil (s-a) Sonotone 8-15 10c International Co. 1 25c 4% Aircraft 9- 1 2 ^$1.50 Sanitary— Smelting & Refining, Tobacco 1 10- 8-29 8-11 7-31: . preferred " (quar.) Cum. 9-1 25c (quar.) American 1 ! 2 8-18 $1% $1% — (quar.) Columbia Gas & Electric Corp.— 5% ________ Re-Insurance 8-15 25c , participating preference Sicks Breweries, Ltd. (quar.) Formerly known as Associated Breweries Solar preferred 1 9- 8- 10- 9- 1 10-14 12-20; v Ry.— Colorado Fuel & Iron 8-18 * American 9- 50c (quar.) Co. Canadian 1% ....... Steel 50c preferred Roebuck Common American 9- 9-1 25o $1.50 Radiator & Standard 8-15 8- 8-15 8-15 $1.75 common Quarterly 1 30c _ V Seaboard Oil of Del,, (quar.) Sears Co., Ltd., (quar.) preferred 9- 25c Safeway Steel Products Second Metal 41%c 115c 1 1 8-11 20c Extra-.— J.)— N. ______ (quar.) Molybdenum $4.25 9- 1 25c . Cockshutt Plow Co. (s-a)__— 8-15 9- 9- 50c (quar.) (quar.) Colgate-Palmolive-Peet Co., .American Nat'l Bank & Trust Co. (Chicago)— 8-15 $1.25 Manufacturing Brothers, Inc. (Newark, 1 9-14 $15 Extra' 11-25 5c American 9-20 (quar.). Climax 8-25 75c Extra 9-20 9-15 Co. •9- 1 Copper Company Cleveland Tractor 9-21» 62 %c .......................... 58 %c Saco-Lowell Shops common $1 10-16 ? 10-16 — Risdon Insurance 50c 0-1 12- 9-29 8-10 8-15 , 9-20 ' Oil Clearing Machine Corp. ■ 8-15 9- 1 American 8-18 9- General Corp., $2 pfd. (quar.)___ $2.50 preferred (quar.) j__ $3 conv. preferred (quar.) American Indemnity Co. .* 8-18 9-28 American 50c 5% preferred A (quar.) Quinte Milk Products (s-a) Republic Insurance Co. of Texas 2 ' 9-21* 8-18 25c _____ 10- 9-14 9-30 12-30 " City of New Castle Water, 6% pfd. (quar.) City Water Co; of Chattanooga— 5%^ preferred (quar.)__.__ 8-18 $1.75 $6 pfd. (accum.) (accum.). American (monthly) preferred (monthly) 7% preferred (monthly) 2 10- 3* 9-11 $$1.50 preferred 10- 8-10. , 7-20* 9-11 Colorado— 6% Public $1.75 8-15 7-25 Citizens Utilities (irregular)-__^___-___^^.-; • 25c City Ice & Fuel, 6%% preferred— .$1.62% City National Bank & Trust Co. (Chicago)— * 9~i . 8-10 8-25 62%c (irreg.) Quarterly $1.75 9- 175c . ' $2.50 9- 7 9-19 f '<-r ;l . 37V2c 37 %c 50c 20c (s-a) 6% preferred (quar.)____ 5 % preferred (quar.) 8-15 1 8- 1 " 25c pfd. Cincinnati New Orleans & Texas Pacific : 7-31 9- $1.50 American America Co. $1.75 : (irreg.)_ ____ $7 preferred 9-21 $1.50 (quar.) of Service 75c (quar.) 2 8-31 I? 7-315 40c ;—_ (s-a) 4 Chilton 7 9- American & Foreign Power, 10-14 $1.37!/2 (quar.). 10- 5c and 1943. Chile 9- 1 7-19 9-15 60c preferred 2 8-31 1 Power Corp. of Canada— partic. 9-15 10- 60c ~ - preferred Chickasha Cotton 8-18 $1.75 9-15 lVa% (quar.). 9-15 1 American Envelope, 7% preferred (quar.)..* 1% preferred (quar.) 10- 2 25c pfd. 1 2: ;; 9-1 10c (irreg.) Chicago Yellow Cab Co. 9-15* 8-21 10- 2 2'/4C ' 8-15 75c pfd. (initial)— conv, (quar.) preferred 9- 8- $2.50 America 7% 10- 2 20c common Co. (special)Representing dividends due for 1941, 1942 " 4 8- 8-15 8-15 . $1.75 preferred (accumulated) Chicago & Northwestern Ry., pfd. 8-11 9-15 $1 , 9-1 8-17 : V 5% 1 9- 8-31 $1 Stock dividend preferred 5 9- 1 $1 <quar.)_ Note, American Car & Foundry Co., com. 8-21^ 1.25 preferred : 9-1 : 8-15 15c Co Chambersburg Engineering Co. Chesapeake Corp. of Virginia- — 25c Bank preferred (quar.) 7% 8-21 " 9-25 9-15 . $1.50 (quar.). 6% 8--5 0-1 $$1.75 Phillips Pump & Tank Co., class A Plymouth Oil (quar.) non-cum. Automobile Insurance (St. Louis) Quarterly American 2 9- 9- 8-15 9- 9-15 10- 7-25 - 9-29 10- $1.50 7-28 8-15 : 1 9- 1 9- , $1.50 Chicago Great Western Ry.— 75c 9- 50c 12-20 -50c 8- 1 . 1-2-45 6% conv. preferred (accum.) American Arch (Irregular) 7-26 1 8-15 Mfg., common Amalgamated Leather, 6% conv. pfd. (accum.) 8- 1 9- 5 7-14 8-15 25c Aircraft Belt Chain Store Products, $1.50 9-8 $$2 Goods 13c 9- 1 1 8- t$1.50 20c : $1 American 20c Cessna i 9-15 9-16 '"$1.25 --$1.50 $6 Chain 7 9- 1 8-10 40c preferred (quar.)_ Common (resumed) 7-31 8-31 8- 9-30 25c preferred (quar) Aluminum 8-18 "•% $1.50 8-15 7-28 10-20 (quar.) common 8- 3 Pepperell Manufacturing Co.. 6% Ltd., 8-14 _ 1 2: 25c $1.25 $1.50 (accum.)— 9- 1 8-15 9- $1.30 preferred (quar.) Century Ribbon Mills, 7 % preferred- s 7-31 common $1.50 (irreg.) 5%% Portland Aluminium 8-15 1 8-10. 8-10 (s-a)— (quar.) Cement 9- 1 (quar.) Potomac Electric Power, 6% preferred (quar.) Corp., preferred 9- i s of Ree. 10- 11 8- 9- 1 * 8- 9-20 Central Vermont Public Service— Holdere 87%c t$1.50 — When Payable $1.25 35c $1.75 $3 (quar.) '$1.12% (quar.) „ Peoples Telephone, 4% % Stores Alpha 8-7 9-11 30c (quar.) preferred 5% 8- 7 15c preferred preferred Allegheny & Western Ry., Co., gtd. 8 8-18 10c $50c $$1.75 \ Allentown-Bethlehem Gas Co.— 8 9- V —<—— common— preferred 7% 9- 1 • Mfg., class B (quar.) Air Investors Inc., $2 conv. preferred Alabama Power, $5 preferred (quar.) Allegheny Ludlum Steel, common 8-5 2 thare i Agnew Surpass Shoe Stores, Ltd., v< Insurance pieferred of 8-15 7 50c Machinery ;; Co. 8- 9- $1.50 < Pemigewasset Valley RR. (s-a) Pennsylvania Water & Power, com. $5 preferred (quar.) Peoples Gas Light & Coke Potash Aero Supply 8-5 2 10- 2 • ■ •Per Name of Company 5 8-25 8-25 10- 10- 2 Parkersburg Rig & Peel, common..—i •vv, ' 25c 5 % % preferred (quar.) $1.37% Paton Manufacturing, Ltd., common (quar.) V, $$1 ; 5 75c Co $5 preferred Sugar Package 8-25 717/eC (quar.) Okonite Co., common (quar.) 6% preferred (quar.) Paahau Central Companies 1 ;-'v' Central Ohio Light & Power, $6 pfd. (quar.)_ Central Steel & "Wire Co. Miscellaneous 9- 25c Corp.— 4% pfd. ctfs. of benef. interest (irregular) Central Cold Storage Co, (quar.)__*____ 5 and 8-21 '8-15 Coke 5 Industrial 8-15 2 10- 2 . 25c & Co- (quar.) Foundry Co., 5% & 7"31i 10- 50c v (A. M.) 1 9- $25c $$2 r Class B Central Coal & preceding table. 4 9-20 16- 2 $75c Oil. Ltd., common (quar.) preferred (quar.)__ Carman & Co., class A (quar.) 5 Allied Inc Pharmacal Light & Power— pieferred (quar.) 6% (accum.) Canadian Castle 9-20 Trust— 8- 50c Scotia Ohio preferred Investment 8- Electric — Airlines, 5% International 8- 7% Subject to the approval of the SEC preferred (quar.) preferred (quar.) Northern Insurance Co. (s-a)-*., Nova $85c $62V2c Canadian 8- 4 8- 4 8-24 the dividends announced in previoui The list does not include divi¬ announced this week, these being given in the dends dividend) (stock com. 6% Norwich $$1.25 preferred conv. r $25c $2 _ 5%% Northwest 8-15 weeks and not yet paid. stock for each 100 shares held. Extra (quar.) $3.40 v 10c _ 8-8 $$3.50 (quar.) Canadian Food Products. Ltd. (quar.) 8-15 8-15> 8-25 <: 8-15 10-25 10-16 8-15 Bakeries, Ltd.-*- 5% participating preferred Canadian BreweHes, Ltd*— 8-1 8-25 8c Industry Series— common : preferred (s-a) 4c 8c 7c . -— Industry Series American 7% 8c Niagara Wire Weaving, Ltd. (quar.) Norfolk & Washington Steamboat (s-a) North , (quar.) 8c Series Utility Industry Series Railroad Series Railroad Equip. Industry Series Steel 8-25 8-15 $15c $$1.75 __ 10c — Oil Industry Tobacco Canadian ■ (quar.) com. 7c Series Public O 8-16 preferred Ltd., Canada Starch Co., Ltd., . 9-15 $50c 6c ___' Series 7% Below we give 5 8-25 5c Machinery Industry Series Merchandising Series Metals Canada Northern Power f 8-23 $50c >. 9c Industry Series Insurance 8-15 10- 2 25c Ltd. bearer (quar.) (quar.) 8% ' Series Business Equip. Industry Series Chemical Industry Series ; Electrical Equip. Industry Series. 25c 16 'Ac Ltd Mines, Wright-Hargreaves 5 8-25 3c 10c 6c Industry (quar.) Registered 5 12c — Series < 25c $39-1 $19-1 25c 8-J5 (s-a)— Co. com. 9- 1 8-1 9-15 Canada Malting Co., 5 6c :___. — preferred (quar.) 75c Series— Industry Series. Automobile Industry Series Aviation Industry Series 8c 12c Industry (irreg.) Mfg Lace (J. B.) Williams Alcohol & Dist. Building Supply '5c, Wilkes-Barre Inc.— 8-31 12- 1 9- 1 12- 1 8-31 9-1 $29c; ■ White Viila Grocers quarterly paying basis. a Agricultural Bank Extra —___________— Wendigo Gold Mines, Ltd. Westinghouse Air Brake & Gas— (quar.)- York Stocks, Now (quar.)- 8-28 • Engineering Wellman 7 8-28 8T 1 22%c $2.50 $1.25 $1.25 25c 10c 5% 1 37%c (Pgh.) Extra Britain Participating units preferred (s-a) preferred (quar.) 5% preferred (quar.) Welch Grape Juice 5% 9-1 $1 National Union Fire Insurance New New 1 $1.37% 9- $19.50 11-15 1 8-19 . Volume vrncn Payable Match Diamond Co., 6% pcrtic. 6% participating common Class 8-11 8-11 7% 75c 3-1-45 2-9-45 8- 7- 2%% Z~__11 ZZII III common A 5% (quar.) Ltd. (quar.) Investments— preferred Illinois Ordinary $50c preferred (accum.),, Paper Co., Ltd.— 6% 7-31 8-1 Drackett Dun 7% 9-11 8-18 $3 8-15 9-11 Mi 9-4(1 8-11 8-25 8-15 9-18 9- International Silver Intertype 6% 2 9-14 preferred (quar.) $6 preferred (quar.)__ ZZZZZIZZII Equity Corp., $3 conv. preferred (accum.) 10-: 2 9-14 $1.50 10- 2 9-14 75c 94.'1 8-15 $5.50 10- Iron Stock $1.25 12*1 10-15 10- (quar.) (quar,) Jones : 4 (quar"] (CanadaMs-ahZZZIZ ZZZZZZ. 10-1 8-10 9-15 9- 1 9-15 9- 1 12-15 12- 1 1 • 8-15 7% 8-21 ' 9-^1 8-18 8-26 •- 8-26 9-1 7-31 8-15 8- 24%c 9-15 50C 0-4 8-15 9tl 8-19 (quar.) ZZZZZZ 9-30 8- 8-15 7-31 2 9-16 9-16 8-14 9- 8-14 ioc Industries (quar")_Z 10- $2 25C (quar.) $1.75 • (Great Britain)— Ltd. •10% Ordinary registered ZZ.ZZZZZ Z Extra Foods Corp., common Metals Corp. (s-a) 9-1 25c 10-16 ,,Z_ZZZZZZZZZZZZZ~" 8-15 8- 11- (quar.). 50C 9- 9-1$ 8* 8-15 $1.50 ■; $25c common (interim) Gibraltar Fire & Marine Insurance 4%% * ZI (quar,)Z~~Z common eonv. preferred Goebel Brewing Co. (quar.) Goodyear Tire & Rubber, common 1 $5 preferred (quar.) ; Grace National Bank Great Eastern Fire Insurance Increased • Gulf Oil ■ *■ Corp. Co., AVs% Paper, preferred "ZZZZZZZZ __T Z_ Z 2 9- 8 9- 1 1 8- 300 10c 8-21 8- 5 25c 8-15 8- 5 50c 9- 1 8- 5 $1.62Vs 25c $1.12V2 10- 1 9-15 9- 1 8-15 11- 1 10-14 (quar.) Material Link-Belt Co., Miami B 6% 5% Louisville & 9- 9-15 Madison 8-15 Magnin (I.) 5 8-15! 9-29 10- 1 8-15 7Z2I 8-25 8-15 $1.50 8-15 8- 75c 8-15 ■i 7-25 $1 8-15 4 Macmillan $5 Co., 6% Preferred 45c 9-i 8-15 8%C 9-1 8-15 9-1. 90c 9-1 $2.50 8-12 9-10 2IV4C 10-16 8-15 Manischewitz 6% 6% 5%% 8- 4 11-15 11- 3 4'/a% 8-23 9-18 Massachusetts Bonding & 9- 1 (quar.) $1.75 10- 1 8-10 7-31 (quar.) $1.50 0-30 9-15 Mclntvre 9-18 $1.50 9-30 9-15 25C 9-10 8-15 43 %c $1.50 8-17 1 9- 1 11- 1 10-10 9- 8 8-22 9- 1 8-15 9- 1 8-15 37 %C 8-15 7-31 15c 8-15 8- 1 15c $1.50 $6 ' — $1.37% $1.37V2 Mercantile 9- 1 (quar.p preferred 5% 15c $1.50 $1.75 25c (quarZj! Meadville 683/ic 9- 1 9- 1 8- 7 8-U 9-. 1 8-U 8-lfr- 8- 5 9-21 6% Acceptance Corp. of California— preferred (quar.) preferred (quar.) —- Mercantile 7% — Stores, preferred (quar.) Merritt Chapman 6V2% common—,,, 9- 5 9- 1 30c 9- 5 9- 1 50c 9-15 8-31 $1.75 8-15 7-31 1 8-15 25c & Scott— preferred A (accum.) $9.12% 9- 8-10 9-11 10- 2 10- 2 8-7 9- 9 8-18 9- 9 30c ! •■; Illinois'Glass (quar.).,— Electric. 6% 51/2% preferred (quar.) 5% preferred (quar.) Pacific Gas & o- Fire Insurance Lighting Corp. (quar.) Paramount Pictures (increased — Pacific Pacific quarterly)— (accum.)— 6% preferred Wheel Co., Peninsular Telephone, common (quar.) (quar.) $1.40 class A (quar.) $1.40 class A (quar.) $1.40 class A (quar.) Penman's Ltd., common (quar.) Penn Gold Mines Ltd. (quar.) Pennsylvania Coal & Coke Corp. (resumed), Pennsylvania Elec. Co., 4.40% pfd. B (quar.) Pennsylvania State Water. $7 pfd. (quar.),, Peoria & Bureau Valley RR. (irregular) Perron Gold Mines (quar.) Pfeiffer Brewing Co Common Phelps-Dodge Corp. . 50c 50c 37'/2c 34/8c 31Uc 9-15 9-15 12-15 8-15 8-15 10- 2 9- 1 12V|C pfd. (quar.) 8-19 8-15 0 37/2C — 8-19 9- 1 9- 1 9-1 9-29 9-30 12-30 / , Outboard Marine & Mfg., Owens 8- 14 8-24 8- 7 8- 7 8- 7 8-18 9-11 87'/2q 7'/2c 7 /aC (quar.) , 9-20 9-20 ^ Peninsular Grinding 8- 9-15 $1 $1-75 20c class AA (quar.) (quar.) Peabody Coal Co., $1.50 Mead 6%~pfdZTqu~arZ)ZZ 8-15 $55 %c Porcupine Mines Ltd. (quar.) 6% preferred (quar.) ~ 1 8-31 11-30 433/ic McLellan Stores, 8-17 7-28 9- 75c Corporation, common— preferred A (quar.) $5.50 preferred B (quar.) 8-15 9- 87 %C preferred (quar.) 1 8-15 $1.12% $1.12Va Insurance (quar.) Stores McClatchy Newspaper, 7% 7% preferred (quar.) 9 25c Corp., common (quar.) preferred (quar.) Department 1 8-10 9-30 2nd preferred (quar.) Masonite Mav preferred 9-vl , Hussman-Ligonier, 8-15 8- !Rl *$l $2.50 t25c 8-16 8- 50c 8-11 8-31 • 9- 1 8- 4 8- 4 7-9S 8-15 8-22 7-22 9- 1 9-15 8-15 8-15 $1.50 12'/ac Ogilvie Flour Mills, common (quar.) 7% preferred (quar.) $$1.75 Oklahoma Natural Gas Co.— $3 preferred class A (quar.) 59%c Ontario Silknit Co. Ltd.. 7% pfd. (accum.), , $$1 Ontario Steel Products, common (quar.)— $25c 7% preferred (quar.) — $$1.75 Qtis Elevator Co, common (irreg.) 250 6% preferred (quar.) $1.50 Ottawa Car & Aircraft, Ltd., common -• $20c Ottawa Light Heat & Power, com. (quar.),, $15c 5% preferred (quar.) +$1-25 8- 3 9-0 (quar.) 10c Packing Co. of Del.— (quar.) Huntington Water, 8% preferred (quar.) 7% preferred (quar.) Peanut Co. 8 9-10 ^ $1.50 Class B 8-10 8- 50c (B.) Co., 7% preferred Corp. Field & Co., Telephone Co. (quar.) Meier & Frank Co. (quar.) preferred Huston (Tom) 8-15 8-31 -?0C — Manhattan Shirt Co. (quar.) 7-20 ZZZZ-ZZZZZZ-Z $1.50 8-15 20c 8-16 Hunts Brothers 6% 8-25 Corp. O'Connof. Moffatt & Co.— 12-20 0.265625 $0.265625 (annual) 8-25 9- 1 t50c 50c 50c - (s-a), Quarterly 5 $1.50 (quar.) Nu-Enamel 9-20 1-2-45 $1.25 (auar.) 5% Bay Co. Hummel-Ross Fibre Corp.. 8- 2 $1.50 preferred & Co., common preferred 7-29 « 8- 5 8-15 25c (P. R.) 8-15 Co.— Hudson Motor Car 8-15 10- 1* Majestic Radio & Television Corp.— Mallory 4 Vt% $1.50 Hudson 7-27 25c (quar.) preferred (quar.) 6% Co., preferred 1 5% 9- 8-11 $1.62% common non-cumulative 7-29 Howe Scale Co., 7-27 9-15 50c Square Garden 8-1 $1.25 8-30 25c 8-U 9- (quarZj* $3 —.—— ! Northwestern Public Service— 6% preferred (quar.) 7% preferred (quar.) Norwalk Tire & Rubber, common 7% preferred (quar.) 1 IOC (quar.) Mackintosh-Hemphill 8-15 (quar.) 8- Insurance Extra 8-17 8-15'*; 8-10 9-30 common 9- River Northern Liberties Gas 9-16 $2.50 (irregular) 9-14 $1.25 25c $1.50 North 25c RR. $1-75 8-15 9- 1 & Power Queens Electric Light common non-cum. Northern Insurance Co. 11-20 $1.50 Co.,,, 8-15 10-16 (quar.) of New York (s-a), 8-21 Louis Ry.— (s-a) 9- 1 11- 1 50c — $6 North American Life Insurance, common,,— ' preferred 50c $1.25 (quar.) Brake Co SI.50 $1.50 16o 11-20 10- ! & Dry Dock- A (quar.) 1st preferred B (quar.) 8-21 12- $2 8-25 50c (initial) preferred (s-a) 25c St. . 12- (1.25 — (quar.) 1 $1.06'/4 (N. Y.), 5% pfd. 9- 50c $1.62V2 '' 50c Co. $6 1st preferred 8* I 8-21 9- 9-15 Electrochemical, common (quar.) (quar.)_ „Z Hormel (George A.) Co., common (quar.) 6% preferred (quar.) Light & Power,, 1 preferred (quar.)— preferred (quar.) 6V2% 6V2% 4 Stores Corp. 1 8- t\ 8- Howard 8- 1 50c 8-15 Houston 1 9- 25C (quar.) Nashville Steel 8-31 Horn & Hardart Co. 9- $1.62% Lukens 9-1 partic. pfd. (quar.) preferred (quar.) 11-25 $1.25 Louisiana Land & Exploration 40c non-oum. 9 20c Gas Corp non-cumulative 30c non-cum. 8-25 12- J25c 1st preferred (quar.)ZZZZZZZZZZ-ZZ 6% 9 t25c Ltd., cl. A (quar.)__ preferred (quar.) Participating 8-18 7% 11-25 9 9- v $1.25 preferred (quar.) Niagara Lower Arch Bridge (quar.),. Niagara Share Corp. (Md.)— ;V ' 6% preferred A (quar.) Nineteen Hundred Corp., class B (quar.)— ! Class A (quar.) Nonquitt Mills (ouar.)— Noranda Mines, Ltd. (interim quar.) Norfolk & Western Railway Co. (quar.), Adjustment preferred (quar.),,,, v"< North American Car Corp., common $5 8-25 9- 9 12- Lynch Corp. 1 Co., 50c Lunkenheimer Co., common.. 9^ New York & 10-?6 I $1.10 $1.10 Lord & Taylor, common 1 > 11- 50C (quar.) preferred (quar.) Participating 9- C.) special stock RR., (quar.) Star 31c (A. (quar.) common original stock original stock, Marathon . (irregular) preferred York Air 1 8-15 8- 1 9- 1 - 8- 4 9- 1 - 8-16 8-15 8- 4' 9- 9 8-18 $2 * — $5 New preferred (quar.). Marshall Horn Co. Jersey Zinc Newport News Shipbuilding 8-11 9- B Savers (s-a)—--,,—, Common 75c 50C 'Class 8- 4 10-16 New 1 8- 8-11 1 Ltd.—,I"* 8% preferred (quar.),, • Casualty 8- 7 7-28 9-15 8-31 8-17 "^8-3 ?- 8-15 8- 7 1 • Brothers, Amsterdam 9-30 9-30 v $6 ?5c t30c : non-cum. 8-15 V. 8-18 8-18 7-31 ? 7-31 7-31 8-17 9-18 9-18 ' 9-18 8-15 8-31 9-30 25c (initial) common Newberry (J. J.) Co., 5% preferred (quar.) New Haven Clock. 6V2% preferred (accum.) 8-25 9-11 25c 8-U 25c f 8-11 8-11 8-28 preferred 9- Corp., Neptune Meter Co., New 1 9- 7-25 $4.25 8- 8-11 3c Hooker 8-20 75c 9 Co. 7-31 8-15 1 preferred ;(quar.) preferred (annual) Inc. (quar. Neori Products of Western Canada, 6% Neisner 9-14 9-25 10- $1.75 Co Glass 2 8-15 $1 — 50c 9- (Charles E.) 9-15 (increased) 50c Hires (quar.) (quar.) Aircraft Products Corp. Louisville Henderson & 50c _ 2 9- 8 $1.75 (quar.) common,_ZZZZZZZZ Heywood-Wakefield Co., 5 7c preferred (quar.) preferred 9-20 $1.06 '/4 10- 15c 9- 1 75c Instrument; 6% preferred (quar ) <M. A.), $4.25 pfd.' (initial quar.),Z_ 9-15 8-15 8-3 ' 10-20 9-15* 9- 1 8-15 $1 $1.37V2 <: $1.50 (accum.),—, (quar.) prior preferred prior 6% • 25c 25c $2 preferred National Terminals t2c pfd Tailors 10- 2 ' 12-20 12-30 (s-a) : National Supply, 2 8-15 r 8- 9 , 50c 25c parvill Corp., 6% preferred ^ Havana Elec. & Utilities, 6% pfd. (accum ) Hawaiian Pineapple Eercules Powder Co., 6% preferred (quar.)Z Hershey Chocolate Corp. (quar.) !$4 conv. preferred (quar.) ~~ . Custom Extra National Rubber Machinery 62 y2 c preferred $1.12 y2 $1.50 National Paper & Type 9 10- 9*1 9- 3 10c common 9-1 $22 %C 8- 5 Va % $3 10- 2 10c (quar.) preferred 9-23 $5C common 9- 1 12-23 25c common Harrisburg Gas, 7% 941 10-2 . 1 Va.)— 6% 1-2-45 $1.50 Hammond Hanna 9- 8 95c ZZZIZZZZZZZ Ltd 9-15 $2.50 $3.50 $1.25 25c (s-a),. (s-a) National Oats Co., 5% preferred (s-a) Liggett & Myers Tobacco, common (quar.)__ 7-28 10- (Richmond, preferred (s-a) 6% 9-18 25C - (quar.) (quar.) preferred 6% Hammermill participating (quar.)— Lehigh Portland Cement, 4% Leitch Gold Mines (quar.) 8-20 50c ZZZZZZZZZZZZ 10- 1 9- 1 9- 1 9- 1 8-15 25c preferred $7 preferred Longhorn Portland Cement— 8rl5 . (quar.) Lawyers Title Insurance . (quar.)! Co. Watch Hamilton „ Ltd. Cotton Hamilton 4 Stores Mines, Hallnor 8- 5 50C preferred (quar.) Brothers 7-31 " 25c (quar.) $5 3 1 Lone 25c r~~ _-_ZZZIZ"Z-Z (quar.) " 6% 8-1$ 9- 1 $1.75 8- 9- $$1.75 1 9- Class '■ 25C Hajoca Corp., common Hale 8-25 $1.75 9- $30c $1.12 y2 $4.50 preferred Loblaw Groceterias Co. Works— (quar.) Special* 10-20 7-31 8-15 Extra 8-10 8- $3.30 $3.30 8-15 1 30c preferred (quar.) 7% 4 9-15 $1.75 (s-a), 5 8-21 National Linen Service, common 5 1 8-15 9- 9- 12- 10c Special stock (quar.) 9 9- 9-15 12-15 9- Little 9-1$ (quar.) greene Cooper & Co., 7% preferred"(qu"ar.)ZZ ZZ_ZZZZZ riggs Cananea Copper 9-30 9-15 11- 1 8-15 (quar,) Co., common Extra 11- 4 25c 8- 1 8-10 $3 & Dock (quar.) Great Lakes Dredge Great Lakes Engineering 9-12 9-8 10-30 (quar.), Machine preferred class A (quar.),,,— preferred class B (quar.) National Liberty Insurance (s-a) 1. 8-15 9*12 $1.25 (N. Y.) 100% 20c 2c 12y2c $1.75 $1.50 10c ,r Welding Electric 7% 5 8- 8-15 11-15 (Cleveland) (quar.),,,, (Del.) (quar.),, of common for 6% 8-31 9-12 5c 7-31 $1.75 Liquid Carbonic Corp., common (quar.) 4V2% preferred A (quar.) 8-15 56V»c Z __ZZ_ZZ preferred Co., 7% Graton & Knight 1 10- I 30c- 50c (s-a) 8-1 9-1 8-15 25c Z" ZZZZZZZ 8- 9-1 10- I 50c Z_Z_ Company . National Lead 10-13 8-15 6Va% (accum.) 9-15 1 10- 2 General Steel Castings Corp.— Steel Wares, 2 8-15 30c Life 8-17 . 11- Quarterly Lindsay Light & Chemical 1 79C $1.50 10- National Corp. (quar.), Lincoln National Life Insurance (Ft. Wayne)— 1 11-15 $1.50 Y.) 8-10 11-10 8-18 9- 8 8-15 9-30 10-18 8-15 (One share National Cylinder Gas $7c Liberty 1 (N. 9- 1 12- 1 9- 1> 10-14 8-31 10-15 11- 1 9-12" each share held) 1 8-11 $1.75 (quar.) 7% (quar.) LaSalle Wines & Champagne (irregular)—_ Lake of the Woods Milling, com. (quar.) 7% preferred (quar.) Libby-Owens-Ford 1 ZZ_ZZZZ_ZZZZZZZ 1 Line 8- 11- preferredZZZZZZII Z 9- 9- 25c (quar.) City Bank 7-31 9-12 $1 common (quar.),,,, Register (quar.) Stock dividend 8-20 25C Lexington Water, 7% 2' 8-15 Corp. 15c 15c 25c 30c $1.75 25c 35c 25o Inc.— (quar.) National Container Corp. $1.75 Leland Electric Co 7-31 11-19 preferred (quar.) General Printing Ink, $6 General Reinsurance - 7-28 8-1$ $1 67C 7-29 8- 8 8-10 5c preferred Cash 7-31 $1.50 — preferred preferred $2.50 7-25 8-J6 40c .10- 9-20 10- 50c (quar.) common Leath & Company, 7-25 $1 .6% preferred (quar. )ZZ Machine, 6% 5 .40c ZZZZ Advertising, common > Class A class A Landis Leonard 9-i • 7 Va % (quar.)__ 9-21 12-21 8-11 8-15 8-24 (quar.) Paper convertible 7% 25c (quar.) Lafayette National Bank (Brooklyn) 9-14* 8-15 (irregular) General Electric Co., 8-19 ' 9-::^ 75C preferred 9-28 12-28 50c $1 50c ,,,■ National 2 8-20 25c & Coated National LeTournenu, Inc., common (quar.) 30c 7% preferred (quar. 8-15 8-15 $1.50 $1.50 Co Acme National Biscuit Co., Lamaque Gold Mines Ltd. (interim) Lansing Company (quar.) $1.12 % Co., 6% preferred (quar.) 8% Co. S.) — 9-15 3 7 Vac (quar.) 1 lOr-2 40c common 7 10- ' preferred r 2nd preferred (quar.), 7% 1 4c (S. Common 37 J/2c prior pfd. 9- 1 9- 1 • preferred (quar.) National Bearings Metals, common (quar.), 6% 8c 1 (quar.),,, Kroger Grocery & Baking, common (quar.), 6% 1st preferred (quar.) 9-i6 9-16 : $1.50 preferred (quar.)— Fund Extra Kresge 8-15 common General Cigar Co., 8-25 1 9- 1 ' 50c $1.50 (quar.) convertible preferred 6% $1.50 (irregular) — (resumed! (quar.) : of America— National Automotive Fibres, $2.50 $6 non-cum. 8-15 25c 1 8-10 1 9- $1.50 Knickerbocker $25c 8- 8-15 $5c Gold Mines,, Klein (D. Emil) (quar.) 9-4 25c $1.50 8-15 9- 3 9-15 lc $2 (quar.) (quar.) Gummed Nashua National 8- 8-31 ti 5 8-29 9-21 ' $1.75 5 8* 8-U 8f 912- 1 8-19 8-15 $1.12% 9-15 12-15 preferred preferred 6% v 8- 1 9-25 • 8-15 '>>•' - Nashawena Mills 8IV2C 9-9 -X. 6% 15c (irregular) Corp. 10-2 v (quar.) Convertible Co., 5 11-10 8-15 8-15 10- 2 preferred (quar.) preferred 6% Mutual Chemical Co, Kinney Manufacturing Co., com. $6 non-cum. preferred (quar. 9-10 25c common preferred Trailer, Trecker & Kerr-Addison 9-15 12-18 : (quarZ)"ZZZZZ 75c $1.75 j. Muskogee Co., Kinney (G. R.), $5 prior preferred (accum.) 8-16 8-30 12-30 Class A__ Co., Gilchrist 9* 15c $$1.50 (quak) pfd. — Kendall Co.,. $6 preferred A (quar.), Kentucky Utilities, 7% junior pfd. (quar.)_, r 87 %C Kleiser Glidden 10- Kearney Woriu""— preferred (quar.) $1.25 Quarterly ' $25c General Baking Co., $6 5 9-10 Gear & Machine Corp., common Gamewell Company . 5 9- 8-U:. 25c Bridge General 9- 1 1 12- 1 12- 1 12- 1 9-15 9-15 $2 class A (quar.),, 6 8- 1 8-28 8-10 11-10 11-10 9- 1 $2.25 $2.25 $2 t$l t$1.75 i,, Muskegon Motor Specialties— 7-27 8-10 8-24 9-15 & Development Co.— 8% Works. Water Muncie 8-25 8-18 8-15 9- 1 50c (s-a) Quarterly 7-25 ; $1.75 34%c pfd. (quar.), (quar.), (s-a) A B 8-15 8-15 . common Mount Diablo Oil Mining 10- 7-28 ' ( 11-10 10- 35c Rubber, 4%% General Outdoor 8-10 1 10c 30c Foster-Wheeler Corp., 6% ' 1 00c 8-11 9-30 B General 9- 12- $1.25 common 8-U $1.25 " General 9-15 30c 9-Jl ' (quar.) Ford Motor Co. of Canada, ; 8-15 1 8- 5 9-15 9-.1 "77c preferred (quar.).____ . 8-17 1 9- preferred 8-15 10-51 $5 pfd, Florida Power, 7%• preferred A Wood 1 9- 8-15 8-15 9- 1 9- 1 9- 1 9- 9 10- 1 preferred C (s-a) Montreal Cottons, Ltd., common (quar.) 7% preferred (quar.) Moody's Investors Service, Inc.— $3 participating preferred (quar.) Morrison Cafeterias, 7*% preferred (quar.), 8-15 Quarterly ' Gar 9- 25c 8-21 9- 2 $4 25c $1.25 preferred $4.50 (quar.)_._ .' (quar.) 5V2% Chemical, $4.50 10- 1 3c Fitz Simons ti Connell Dredge & Dock Co 4%'% 7-31 $2.95 7-31 Gair (Robert) 7-14 8-31 $1.50 9- Fruehauf 8-16 75c pfd. Carpet Monsanto $50c 10-16 (quar.) preferred Loan Society Monroe 5 8- $75c 6% Gas Service, preferred $7 8 8-22 9-1 37J/aC ; 6% preferred (quar.)—— Allegan & Grand Rapids RR. (s-a) Kalamazoo Vegetable Parchment Co. (quar.) 9-20 Freeport Sulphur 9- 9 9- 8-23 9- 1 9-12 Monmouth Consolidated Water Co.— Kable Brothers, 8-15 A 9-25 $1.75 (quar.)__ (quar.) 5% Steel, B $2 & 8-15 Kalamazoo $2.50 class 1 ; 9- 1 $1.62'/2 25c $1.25 $1.50 50c I2V2C (quar.) preferred 9-15 3c Mills, Inc Molybdenum Corp. of Amer 7 (quar.) Laughlin preferred 25c 67c & 5% ZZZZZZZZ," . 9- 25c Corp A Fidelity-Philadelphia Trust ^?Phil^"i'quar~7 Field (Marshall). See Marshall FieldZSv Foster Gas preferred $1.23 Corp. Enamel Corp Pitt 8- 9-19 Federal-Mogul Fort 9-12 1 $1.50' (quar.) Knitting Mills, 5% 10- 2 9- 9-11 15c Federal Fire Insurance -Class Mohawk 10- 9-30 25c ... Federal Insurance Co, Foote Brqs. Mobile (quar.) preferred Mfg. (quar.) 4 Traders Life Insurance (Syracuse) Firestone Tire & 8-19 20c 5% Holdery $1 25c Reclaiming, $4 pfd. $6.50 conv. preferred (quar.) Missouri Utilities, common 10-15 (s-a)" preferred Quarterly Ferro 9-11 (quar.) 25c ... (quar.) preferred $5 8-21 10^1 .1„Z_IZIZH ^ Fansteel Metallurgical Corp., r 8-21 1 $1.50 50c Instrument-;... Co, & (quar.; Farmers 1 9- 25c Falstaff Lrewing Corp., 6% ..Common 9- 65C I ' Extra 8-21 5% & Camera 1 Jefferson Lake Sulphur 11-16 30c (quar.) Fairbanks; Morse 9- 30c Jacksonville 8-17 9* a i $1.25 r, Ex-Cell-O Corporation Fairchild 8-21 /. 9-1 9-1 9-1 9-1 9-1 7-21 (quar.) Miller & Hart. $1 prior pfd. (irregular) Mlnneapolis-Mollne Powr-r Implement Co.— Foundation, Ltd.— Fireman Jantzen dividend „ preferred 1 Quarterly , 57c 9- — 10- 1 10- 1 10- 1 10- 1 10- 1 8-31 10- 2 Abrasive Rubber Midwest $1.25 convertible , Erie Railroad Co.^- „ $37y2C Copper Co. Corporation Investment 2 $1.25 $5 preferred A (quar.) Eversharp; Inc., common 1 Securities, Ltd.-— Stock & Bond Group shares (s-a) $1.37 V2 $5 preferred A (quar.), 9- Institutional 8-11 $1.75 25c (quar.) of Ree. $1.25 $1.50 $1.75 $1.50 $1.75 $25 50c Company Mid-West $12V2C 30c Harvester, 7% pfd. Holdings, Ltd.. International (quarZ)ZZ~ ' 1 $1 International J9-15 I__I pfd. 8- 8-21 (quar.) Consolidated Inspiration 8-25 10< 2 $3 Watch 4* 8 $1 preferred conv. International Business Machines $1.50 11111"" Engineers Public Service, $5 2 Midvale (interim) Inland Steel 4 $1.50 Zi (quar.) National Elgin 8- Water— (quar.)__ Electric Hose & Rubber 88- 9- 7 V2 % Ingersoll-Rand Co., common 8-15 8rl5 37 Vac ,Z_~- Louis & Interurban preferred preferred 67o 9^1 15c Eagle Picher Lead, common 67c preferred (quar.) East St. $25c (increasedZZZZ 8 7o pfd. 7-25 1 8-21 9- 25c Indianapolis Water, class A 5% preferred A (quar.) 8-15 ; 12 %c (initial) Inc. (quar,)___, Company Bradstreet, & I_Z_ZI Z_Z„ZZZZZI Duplan Corporaticn, 9-1 $25c _ (resumed) 8-21 $1 (accum.) Quarterly x-.v A- (resumed) Class B 12-20 Indianapolis Public Welfare Loan Assn.— Donnacona .Class 12-30 12>/2C Dominion-Scottish ;5% 9-20 40c 5% preferred 8-15 9-i 1 9- 9-30 $1.75 Imperial Varnish & Colour, common (quar.) $1.50 conv. partic. preferred (quar.) 7 8-25 9-14 Co Zinc When Payable Metropolitan Edison, $5 preferred (quar.),, $6 preferred (quar.) $7 preferred (quar.) $6 prior preferred (quar.) $7 prior preferred (quar.) Michigan Central RR. (quar.) 5 25c $1.75 common Imperial Tobacco of Great Britain & Ireland— 9 8- 1 9- $$1.25 $30c 7 9- 8-15 25c Illinois Power, 10-10 2 10* Idaho 7 7- 9 10-31 r 62 y2 c I, Dominion-Bridge Co., 8- 25c (quar.) r_^ Dodge Manufacturing Co. (quar.) Dominion & Anglo Investment Corp.— 9 & Door, preferred (quar.) preferred (quar.) Power Co. (quar.) 7% 1 '.10% , | Cup Co., l 9- (s-a) Ltd., ordinary regis, (final) Bonus Dixie 9- 75c ___! preferred Huttig Sash 37V2C „ (s-a) preferred Distillers Co., 5 8- 8-15 50c Detroit-Michigan Stove 5% preferred (quar.) for thare Name of Company of Reo. Payable Share of Company hame of Reo. Holuert When rer Hoiaert Per thare Name oj company 567 CHRONICLE THE COMMERCIAL & FINANCIAL Number 4305 160 7-29 8-15 B- ^ 7-29 8-2b 7-26 ; 8-1 7-15 7-15 8 is 8-15 8-15 8-15 9-20 9-20 10-15 10- 2 10- 2 8-25 8t15 8-15 8-23 9-15 8-4 8- 4 8- 4 7"30 8-15 8-15 8-11 $1-25 ^ 50c 9-30 $1.50 9-U 10c 8-15 50c 10-1 5°c 1-1-45 35c 8-15 35° 11-15 35c $75c 8-15 2c 9-30 50c 8-15 , $1.75 $2.25 9- 1 8-10 *+2c 25c 9-3U 8-14 4^c 9" a • 7-31 7-31 7-Ji °m * I"2o 9- 8 8-Ji 7-26 9-ib 12-15 8- 5 11- 4 n'W <-1^ 8-31 7-26 5"., 8-11 7-20 8-ji Per When thare Same of Company 25c 30c 25c 50c 25c Philadelphia Co.. 5% preferred (s-a) Philadelphia Electric Co., common (quar.)_ $1 preference common Philadelphia Electric Power, 8% pfd. (quar.) Insulated Philadelphia 9- Wire Irregular (s-a) Polaris Mining Co Poor Si Co., class A (quar.) Powdrell & Alexander.Food Pratt preferred 5% (quar.) Proprietary Mines, Ltd. (interim) Prosperity Co., Inc., 5% preferred (quar.)— Provincial Transport Co., Ltd. (s-a) , (quar.) (quar.) preferred (monthly) preferred (monthly)— preferred (monthly) preferred (quar.) 7% 6% 6% 6% $5 9- 9- 8-25 8-15 8-15 9- 8- 8- 4 9-30 8-31 9-15 8-15 9-15 8-15 8-15 9-30 8-30 9-30 8-30 7-20 9-15 8-25 1 50c 125c 25c 50c 50c (quar.) 6% 6% 9-15 8-31 7-21 8-24 10-12 U. 7-13 9-21 8- Common 8-31 10- 1 9-12 10- 1 9-12 Tobacco— (quar. interim I Class B (quar. interim) 7% 1st and 2nd preferred 6% E Rustless Iron & Steel Corp. St. Joseph Water, preferred $1.50 "v 25c 81 25c — 6% Surety Candy Corp., (quar.) Brothers, Inc. (quar.)— ; Oil Sioux City 7% preferred Bend South Lathe Extra 6% West 7% 9- 1 8- 10- 1 West 9-10 1 1 8-24 9- 1 8-12 7% Westmoreland, ' 5% non-cum. 9- 1, 8-15 Whitaker Paper, common 7-31 8-15 '7-15 40c 8-10 7-31 $1.50 37'Ac 8-10 7-31 8-31 8-15 10- 2 1 $5 8-15 Stamford Water Brands, 9- 1 8-15 Winnipeg Electric, 8-15 7-20 Winters 9- 1 8-15 75c 9- 1 8-15 8-15 7-20 120c (quar.)— $1.25 $1 & Acid Wks. Co. „ (quar.) com. 25c Inc Inc., $1.60 Standard Chemical Standard $1.60 Standard 9- 1 6 Ltd. 8-31 Zion's 7-31 9- 1 8-15 8- 50c 9- common HI Co preferred preferred (quar.)I (quar.) 31'Ac 1 8- 5 $1.25 8-15 prior preferred A (quar.) partic. Co. Swan-Finch 6% preferred Oil. 4% (quar.) 8- 9- 1 9- 1 8-15 9-15 8-25 ■V 8-15 9- 1 8-15 37V,c 9- 1 8-15 ——- 4Qc 10- 1 (irregularj 50c 9- 1 8-15 sqc 12- 1 11-15 (quar.) common Electric Co Teck-Hughes Gold Mines Ltd. ———I 40c $5c Terre Haute Water Works. 7% Sulphur (quar.) 10- 2 8- 1 1 ; — 35c • pfd. (quar.).. $1.75 8-25 9- 8-11 1 50c " 9-15 9- 90c 8-15 7-31 $2.50 12- 1 11-27 1 this for (J, R.) Co.. — " •" 25c 8-15 J 8- 1 1st mtge. 5% Service Service Mfg. 327j $1447' bonds, due 1967—Aug 24 * 435/ Sep 15 Inc., debentures 5'A % debs., due 1952_Oct $1766 1 ' Inc.— 1 - 1st mtge. 4s, due 1952 11 / due —Oct Oct Sta- * 1 1 * * 1 $2675 :t . tax. , Sep 1 1st mtge. 4s, series B, due 1963—Aug 15 228 Sep 1 $2678 Sep 1 * 1967—Dec 31 1961—Dec 31 51 51 preferred stock debentures due 1950 Co. 3'/4% Canadian non-residents' deductible 7%. a Less at the British tax. Non¬ source. Income tax. Scranton-Spring Brook Water Service Co.— 1st mortgage & ref. 5% bonds, series A, due 1st mortgage & ref. 5% bonds, series B, due Simpsons, due Ltd.— & collat. trust serial 3'A% * , Redemption Calls and Sinking Fund bonds, ser. A, Aug 15 $2528 collat. trust 4% bonds, ser. A, due 1951_Aug 15 $2528 1944 1st mtge. & Pacific Southern Co. gold bonds—Central Pacific stock coll. due 1949—Dec Pacific Ry. Through Short Line 1st 4s 4% 1 $2237 t - Z Oct 1 $2124 Society, Inc., 6% bonds—Oct 1 124 Central , Below will be found preferred and list of corporate bonds, notes, a stocks called for redemption, including those called under sinking fund provisions. The date indicates the redemption or last date for mak¬ ing tenders, and the page number gives the location in which the details were given in the "Chronicle." common OF Bldg., (Ludwig) 1st mtge. Co.-Ludwig & fee Date 6% Connecticut Light- & Power conv. 1st and ref. mtge. 7% Page Temple University-Greatheart Terminal RR. of •Orleans, 1st mortgage 5'As, series A, due 1964 Texas Corp. 1st mtge. 6% Texas Power Texas Telephone Co., Brooklyn (modified)__Aug 9 1 Sep bonds due 1956 "i 1 53 15 53 * serial notes due 1947-50-Aug 21 472 $3 participating preferred Aug 23, : stock_Sep ,1 Light & Power Co. 1st mtge. 5s, due 1950 1st mtge. 5% bonds, ser. E, 427 7 ■ Sep Oil Co., serial notes due 1945-46_Aug Water Associated Oil Co., Utica Electric New 1st 4s, ser. A, due 1960 Tide Water Associated Tide Pacific Pacific-Missouri West Penn Power Co. Baumann debentures due 1946 Aug § 16 f * bonds due Cambridge Rubber Co. 5'A% 1954 United Chemicals, Inc. TENDER Company and Issue— Baumann , * 1949 Aug-30 Sep 12 Sep 12 Sep Bldg. Rochester Button Co.. dividend. 1942 Co.— * ' Thompson Public Providence Gas Co., 8-31 '9-15 1 ; tax NOTICES Mfg., $3.60 preferred (quar.)—. ,A: Thermatomic Carbon-Co., $5 pfd. (s-a)— Thatcher 9- 8-15 (reduced)— Telephone Bond & Share— 7% 1st preferred (accum.)— resident 15%: tax. ' Oct . series A, due 1953 Corp.-Baltimore Parcel Post tion leasehold mtge. 5'A% bonds due 1949 5 10c (quar.)—III (irregular) Gulf 1 8-15 25c Tampa Texas $20c j25c 2nd pfd. closed not 1 1 ; Charles Street RR. due — Swift & Co. (quar.) Syracuse Transit Corp., Common 9- 5 12- 5 —Oct Co.— 1st mtge. 8-10 $150 31'Ac (quar.) preferred 9-15 12-15 1946———Feb — 1st mtge. 6s, due Peoples Gas Light & Coke Co.— Ref. mortgage 5% bonds, due 1947 7-28 9- books preferred stock-—. mtge. Postal 12-15 25c (quar.) 12-30 Strawbridge & Clothier— A 9- 8 8-19 9-9 8-31 9-15 $1.25 . 9-30 Income Jamaica $2195 $1863 preferred stock gold income bonds, ser. A and B, due 1st & ref. mtge. 5% bonds, ser. A, due 1952 1st Si ref. mtge. 5% bonds, ser. B, due 1955 Canal & Claiborne RR. 6% gold mtge. bonds 6% f 429 429 ref. mtge. bonds, 1946 Institutions- tPayable in U. S. funds, less 15% $Payable in Canadian funds, tax 8-18 8-15 30% •Transfer 5 resident Struthers Wells Corp., $1.25 preferred (quar.) Stuart (D. A.) Oil, Ltd.— Oil 9-15 10- 1 5 1 preferred stock——-———Aug 15 6% Orleans New 428; *> ..Nov 15 Judson, Voehringer Co., Scovill xLess debenture bonds—— Power St. 8-19 8-15 Mercantile 1966—Sep 6% Income debentures National Container Corp. 15-year 7-31 7-31 7-31 Quarterly Quarterly 8-19 1 9-15 Co-operative ———Oct 1 1 River Day Line, Mock, 9-8 7-24 8-15 8-15 8-15 Ziegler Coal & Coke Co 9- 5% Participating ,10- 2 ^8-9 (s-a) Youngstown Sheet & Tube, common 5'A% preferred A (quar.).. 8-15 $2516 Sep Jacksonville Gas Corp., . 'J50c (interim) 10- 2 75c 75c 9- 1 $2299, 1 Corp., 1st & 1 9-20. 25c 5 8-15 9-15 9- 1 ..Sep Duplan Corp., 8% 8- 50c $1.37'A 8- 9-15 40c $2631; Harvlll 8-10 25c 8-15 (quar.) ; +20c $$3.50 $$3.50 Co 25c > ,219.' 1 preferred stock Inc., 7% Hudson 10-16 8-15 15c 40c i 9- 50c common 7% (quar.) 1 Sep — 1954— Conlon Corp. 8-31 1 40c York 2nd preferred 1 1 Commercial Mackay Corp., 10-16 1 k 9-30 20c $1,12'/2 . 11- 1 Associates 1 9 Sep 1946— bonds due 1946- Illinois 11- ——_——Sep Burlington & Quincy RR.— Division mtge. 3'A% & 4% bonds due 1949—Jan Illinois 7-31 $50c 1 1st mtge. 4% —Oct due Chicago, 8-11 ^ 1945-1950_Sep serial debentures due Steel Corp. City Ice & Fuel Co., preferred stock 11-15 $1.50 Machine 322 322 * 322 j Derby Oil & Refining Corp., $4 8-15 Mfg. Co American fund gold debentures, series A, —2—.—„ -——-—-Aug' 14 gold bonds, series A, due 1947--Aug 14 20-yr. 5% gold bonds, series B, due 1948—Aug 14 426 sinking Connecticut Light & Power Co.— 1st and ref. mtge. 3'A% bonds, series F, due 12-30 (quar.) Co., 3., 9-22 183Ac 8-19 (quar.) Class Towne 1 . +2513? $2513 ,. - Foundry Co.— bonds . 9- 9- 10c preferred Sun Co. Jr. Sep preferred Stock 9-15 • $$2.50 1 (quar.) (quar.) W.) 1 Century Ribbon Mills, 7- 1 9-15 50c 5% 6% (F. 9 convertible notes: due 4% 9-22 9- 1 8-15 $1 & Yates 7-31 10- 40c 5% (A.) & Co. 10-1 $1.50 $2.50 preferred 5% preferred Hosiery (Wm.) Yale Stecher-Traung Lithograph Corp.— Stein $1,25 ........ Manufacturing Co.. Ltd. (init. quar.) ; Woohvorth 8-15 8-21 (quar.)„ Stoker 10- 1 Knitting Mills, Ltd., common (s-a)_-__ 7% 1st preferred (s-a) Silica Standard 10-1 75c Crampton Corp.— Wrigley 10-11 of California Co. Stanley Works, 10-13 iqc Oil $1.75 $1.12'/2 ' Dredging Corp., preferred Standard (quar.)... Worcester Transportation 10-16 45c (quar.)__ common Co., 9- 5 $1 (quar.) preferred ..... — Extra 8-15 9-15 10c preferred Cap & Seal— conv. 9-15 & convertible Winstead (Dallas)— (quar.) preferred Standard prior jpreferred 9 —Sep warrants— Corp., Central Pacific Ry. Through Short Line, 9-16 9-16 7-30 Wilson 31'Ac —— Standard 10- 1 10-1 8-14 Inc., 6% pfd. (quar.). 37y2c (quar.) (quar.) (quar.) 1st $1 $1.75 3Qc Williamsport Water, $6 preferred (quar.) Line, 5% 1st preferred (s-a) 9-15 9- Woods Spencer Kellogg & Sons Spiegel, Inc., $4.50 conv. pfd. $4.50 (Wm.) Co., Inc.,— preferred (quar.) 7% 37'/2c & Bros., Bethlehem 8-28 8-10 . Wleboldt Stores, lien Central 9-15 9-11 9- 1 425 20-yr. 5% lien First Whitman 20c 35c Investors, 10- 2 (quar.) 8-31 Quarterly (A. G.) 25c Page 1958 due 1 50c 35c (quar.) 8-31 8-10 6% 30-yr. 8- 1 (quar.) Corp. (quar.) 2 Southwestern Public Service Co. Spalding Products 2 common Insurance 9- ... Instrument Chlorine 10- 50c preferred (quar.) Weston Westvaco 10- Wholesale Phosphate Sovereign Inc. Electrical 7-21 7-31 $20c (quar.) Life 9-15 , CALLED Public Utilities Corp.— First 8- 8 8- 8 $1 common , 1 1 Railway Co.— Southwestern & Mfg Coal ISSUES * 53 • convertible 5% bonds due 1949_Aug Radio & General mortgage particpating preferred Westmoreland 8-25 $1.75 Power, 8-15 8-31 8-31 8-15 1 preference stock——.Sep 30 convertible 5% bonds due 1950_Aug Cable Associated 8-15 7-17 7-17 * $1.12'A $1 $1 (quar.) 12'Ac Canada Southern preferred 120c ; preferred 9-1 8-15 * 1 Corp., 7% Artloom Virginia Pulp & Paper Co.— 8- Works Southern $1 $1.50 $1.75 preferred (quar.)__ debentures due 1952__.—Sep • 1 Date 20-yr. collateral trust 8-15 (quar.) (s-a) Power Southern 6% Electric. preferred Westlnghouse Electric 8-31 5 Penn 4'A% 9-10 9-15 9- 10- 9-1 $4 conv. preferred (quar.) 4 9-30 10-14 433Ac .—— bonds—Sep 1st mtge. 5% series A and series B debentures—-Sep 20-year collateral trust American 8- 1 8-15 123 Alleghany Corp.— Wesson OIL & Snowdrift Co.— 5 8- Foundry-— preferred (quar.). conv. (accum.) common California Edison Co., Ltd. California Water, 5% pfd. Southern $1.75 preferred stock- ENTIRE 7-25 8-15 8-11 8-10 8-31 8-15 1 1 Nov 1 Oct' 1 Company and Issue— West Michigan Steel 7-20 7% preferred (quar.) White (S. S.) Dental Manufacturing Co., $6 1st pfd. (quar.) Southeastern Greyhound Lines (quar.) Southern 1 8- 5 , $1.25 — (quar.) Carolina 9- 9-25 75c Gas & Electric, common South 8-11 "9- 1 8- 123c — tincreased) Corp. 1 9-25 9- 8-5 75c (quar.) participating preference Sinclair 1 8-15 * 21■*}?£■ pfd. stock, ser. D—Sep preferred stock Inc. 6'A% Safeway Stores, Inc. 5% 7-25 .... — , ' collat. —Sep Pennsylvania Water & Power Co. ref. mtge. & trust 3'A% bonds, due 1964————— Bros., .* 1 ————Sep 1966 due 1 1 bonds Niagara Falls Power Co. 1st & ref. mtge. 3'A % All America Corp., 8-10 8-15 3'/4% Sep —Sep 1955 1957 sinking fund debentures due sinking fund debentures due 3'/»% v V St. Louis Public Service Co., 8-10 1 1 Sep Sep — 9- 1 9-11 * . debentures due 1949 debentures due 1949 3'A% 9-20 9- 1 8-15 1 1 10-year convertible 3'A% 7-year Schenley Distillers Corp. 4% Warren (S. D.) Co, (quar.) ... 50c Washington Gas Light, 4'A% pfd. (quar.)_ $1.12'A $5 preferred (quar.) $1.25 Welch Grape Juice Co., 7% pfd. (quar.) $1.75 Wellington Fire Insurance (s-a). ' $$1.75 Wentworth Manufacturing— $1 convertible preferred (quar.) 25c 1 9- Sep National Oil Products Co.— Roos 8-11 8-19 9- 1 1 1953 — United States Leather Co., prior $20c ..... (quar.) Sep 328 National Distillers Products Corp.— 8-21 8-15 9- 0 10-10 (interim) (quar.) preferred 1947 due Rochester Gas & Electric Corp., 6% 8-J1 $1 1 secured conv. bonds, ser. Shares Corp. 6% Morris Plan A, debentures due Electric Co. 33/4% 12-1 9-15 7-31 Sep ■ 9-1 9-1 9-20 10-20 9-15 8-15 1 1961 12- 9 t$l 1 9- 1 3'A% bonds, due 1st mtge. & collat. trust $1 15c $1.50 $1.75 .... bonds, ser. A, preferred stock^ $4.50 Co., Drug $1.75 . A, -Sep ser. —Sep 8-18 9-1 t25c 9- 8- , Mines. Ltd. ■ Gooderham & Worts, Ltd.— (H.) Common ♦. 3%s, 1st .— 8-25 — (quar.).. Corp. 1 debentures due 1971-Sep Co. ref. mtge. 6% 50c (quar.) ...■ (quar.) Electric Amulet * ^ Co. 9- 9 „—.—.— preferred Detinning,, common. preferred Walker 5 8-15 12yac 25c common Ltd., 8- 8-15 15c Dairies. 1 8-15 8-15 $20c 10c 37'/2 c (quar.) Co. 40c Vulcan 50c (quar.) "AAA" preferred Silverwood 2 10c 50c com. 50c 1 1 $19-2 $1.75 9- 9 Co Steel Vogt Manufacturing Corp 25c : Co., \ 50c Shawinigan Water & Power Co.I Sherwin-Williams 9- Works Iron -Sep bonds due 1965 ■ 9-21 12-23 Virginia Coal & Iron Co.-*—:.—-——.—;—— 7% 8-15 (quar.) com., Shops Acceptance preferred Silex Dorn Vapor Car Heating, 7% 7% preferred (quar.) 9- 9-12 8-10 y Selby Shoe Co Servel, Inc. (quar.) 5% Van Vanadium-Alloys ' ♦ $2300 — Koppers Co. 8- 1 8- 1 9-10 8-31* 11-29* 8-25 8-25 8-11 7-28 8-15 9- 1 8-31 10-16 9-15 1-2-45 1 Sep Master 62'Ac 62'Ac „ 7-25 1 12>Ac (irregular) Co 50c $2 9-15 8-15 10- 8-25 Co. (Laura) Seeman 7-25 8-15 (quar.) Dillon Securities 12-21 8-15 —$1.05 67c preferred (quar.) Schumacher Wall Board Corp., Secord 12-30 5% 15c 62'Ac ; 62'Ac 50c A, 1 1955 due 9-20 9-20 10c _ Seaboard 9-30 8-14 (quar.) (quar.)__ 8% preferred (accum.) 5% prior pfd. (quar.), prior preferred (quar.) Waite common pfd. Utlca Knitting, $1.25 $1.50 115c $ $ 1.50 $$1.50 — $2.50 25e • Upresslt Metal Cap, 5 8- Wagner Service./class A Public Class B $2 10-16 10-16 8-14 Savage Arms Corp. (reduced)— Schenley Distillers Corp., new common— Scotten 1 1 8-15 1 Products— Steel Louis 11- 9- (quar.)— $1 $1.75 ; common 11- 8-19 (quar.) preferred conv. Pictures, 1 Rutland & Whitehall RR. Co.— St. Universal 9- — Ltd., common 6 % preferred (quar.) Royal Bank of Canada (quar.) Paper Co., Safeway Universal - 50c — $2 (quar.) Laboratories, Match Corp 37'/2c (quar.)_ (quar.)—. preferred D $2.50 Universal Electric— Gas & preferred Rolland preferred — $1.50 conv. pfd. Rochester Button, 5% 7% (quar.)— Co. Richardson Rochester 35c 35c $1.75 _ (quar.) 50c Universal Insurance Co, J.) __ 40c _ cumulative 1st preferred United States Steel Corp., common 11- 2 9-15 (quar.) 8% 1970 due $1968 Sep Telephone Commercial International Paper 10-10 9-20 12-20 9- 8 9- 8 9- 9 8-19 9-1 9-15 9-16 10-31 10- 2 10- 2 ser. 1 4'A% bonds, series D. due 1962__Sep Hartford Electric Light Co, 3'/4% Katz 8-10 8-17 debentures, 5 Sep Indiana RR.— Glen Alden Coal Co. 1st mtge. 4% 8-15 9-15 8-15 9-15 10- 1 5'A% Corp. 1 — 1st & ref. mortgage 2 9- 1 10- 2 $6 30c $1.75 40c Rubber Co., common U. S. 1 1 1 (R. Paperboard, 6% preferred (irreg.) Specialties Co. (irregular) 7% prior pfd. (quar.) S. Pipe Si Foundry, common (quar.) Leather,, S. Products Chicago St Western 8-15 9-15 910910- $2.50 United 9- Common (quar.) United U. 8-25 1 2 1 58'Ac S8Vsc * 53c 219 bonds preferred stock Mills, Inc., 7% 1948 Illinois 219 Sep Certain-teed i 1 Aug 11 mtge. 33A% gen. 323 ,V Sep k debentures due 1955 York Power Corp. Century Ribbon due 1 series A, 1962 due * Aug 15 —— - Corp., 33A% Central New 8- 4 53c 50c 50c Si Canal Co. United New Jersey RR. 1965 due Page v.- Nov : Carolina, Clinchfield & Ohio Ry., 1st mtge. 4s, Celotex . debentures, series A, Oil Companies, Ltd., 4% 1955 due ■' ,1 1 1952 (Louisville Nashville collateral) Si Canadian / • Date collateral trust bonds —Sep 4'A% Corp. Railways 1953 due * ' ' REDEMPTION Atlantic Coast Line RR. 4%. bonds due 8- 9 7-31 "\ Company and Issue— 8-4 9- 1 9- 1 50c 6.36% 1 9-14 8-15 8-15- $3.50 $$1 — -V'! 8-24 $1.75 Gas 6.36% 8- 8-10 9-10 bonds conv. ' ' * • . PARTIAL 8-18 8-18 7-15 Cos prior preferred (monthly)..... prior pfd. (monthly) prior pfd. (monthly) prior pfd. (monthly)— prior pfd. (monthly) 7% 8-15 12- Reynolds (quar.) Foundry Co., common preferred (quar.) — 8-31 9- 40c Reliance Grain, Ltd., 6V2 % pfd. (accum.)— $$1.62'A Remington Rand Inc., common 30c $4'A preferred (quar.) ; $1.12'A Republic Investors Fund, 6% pfd. A (qi(ar.) 15c 6% preferred B (quar.) — 15c Republic Petroleum, 5'A% pfd. A (quar.)__ 68%c Reymer & Brothers, common (irregular) 12y2c Common (Irregular) ; 12y2c preferred (quar.) Ltd., class A United Light & Railway Co. (Del.)— 7% prior preferred (monthly) 9-15 8-15 9- 1 9- 1 8-15 25c Corp.. $7 preferred (accum.)— United Grain Growers, 5% non-cum. pfd. A 8-15 9-15 8-10 25c $1.25 $38c (quar.) 8-15 8-15 8-10 6% 1st mtge. Aug 10 . American Page Date Utilities Co. & • 8-23 8- 5 8-30 9- 5 8-10 11-10 1-20 8-10 ■ Ice 1946 due 1 25c California Southern 7-31 7-31 7-10 8- 1 $1.12'/2 $1.25 (quar.) United Engineering & 7% 8-15 25c of Electric Coal United 7-14 10-14 (quar.) Storage United 8-22 25c 25c $5 $1.50 (quar) (quar.) CO. United Corps., 5 8-15 (quar.)™ United Biscuit of America, common 5% preferred (quar.) 8 , Oil Union 1 10- common & Bennington RR. (s-a) Rubber Co., 6% preferred $5 preferred 8 Co., preferred Union 10-15 9- Coal Union Electric Co. of Mo., $4.50 pfd. 7-10 1 9- 40c Regent Knitting Mills, $1.60 $1.60 preferred (quar.) * Tyer 8-15 (quar.)— preferred Troy 8-10 9- 1 8-15 9-11 9-15 8-15 11-15 2-2-45 8-15 (quar.) common Trinity Universal Insurance Quarterly , 9-15 1 9-15 Reading Co., common 2nd 1 8-25 35c $1.50 25c — preferred (quar.) Quaker State Oil Refining Quebec Power Co. (quar.) (quar.) 1st preferred 5'A% 8-21 r' 8-18 9- $1.50 25c 20c $1.37'A 11c preferred (quar.) Manufacturing (irregular) Truax-Traer 1 10- 8- . 8-31 8-31 8-10 25c Pump Co 1st Troxel 8- 8-21 8-15 (irreg.) Mines Company, 8-11 30c — _ Purity Bakeries Corp Quaker Oats Co., 6% non-cum. 1 ' 8-15 25c 25c $1 — Extra 9-15 Puget Sound Power & Light Pullman. Inc. 4% 1 12'Ac (St. Louis) of St. Louis Tank Si Oil 8-15 1 9- $1.25 $1.75 —— (quar.) preferred Trane 8-22 $1.75 50c 50c 50c $1.25 . $5 pfd., (quar.) Public Service Electric & Gas, 7% 8- 4 7-25* —, _ 1 9- 1 25c $2 Gold Tokheim 8-15 J., common (quar.) preferred preferred 8% 9-30 9-30 $1.25 5c $1.25 %$20C .- Public Service Corp. of N. Corp. Stocks 5c V — —— Allied Si Tobacco 1 9-15 (quar.) common Insurance 8- 15c $2 50c Co.— Gamble Co., Procter & Title 9- $1.37'A 10c 10c 37'Ac (accum.) prior pfd. 5'A% Wine Valley 9- 8 1 10-21 75c - Steel, Pittsburgh Corp. - Toburn Pittsburgh Bessemer & Lake Erie— Pleasant Insurance $6 - Piper Aircraft, 60c preferred (quar.) Pitney-Bowes Postage Meter Co. (quar.)— Common Title 10-21 50c 25c 15c 10c * - Flour Mills Co Pillsbury 2 9- 1 9- 1 15c and Issue— Company of Rec. 71/2C 2 9- 8-15 50c 50c 50c preferred (s-a) V.t.c. for partic. preferred (s-a) Phillips Petroleum Co. (quar.) Photo Engravers Si Electrotypers, Ltd.— 9- 9-30 Philadelphia Transportation Co.— $1 participating Extra 9-30 10- Hoiaen 8-10 8-10 8-21 8-21 8- 3s 7-21 8- 2 8- 1 Oil Associated Water Tide 8-10 Payable Share Name of Company of Reo. 1 When Per Holdert Payable Monday, August 7, 1944 & FINANCIAL CHRONICLE THE COMMERCIAL 568 bonds, series A, due 1951 Aug 22 ' ' 429 ^Announcement in this issue. fima trifVi intoract tfl TY1 fttHlflfltf/ $In Volume 159. dated^ §Redeemable at any Foreign Exchange Rates Statement of Condition of the 12 Federal Reserve Banks Combined world. Increase • . ■ ' ' • certificates Gold hand and on $ 18,423.620 due from U. S. Treasury FOREIGN 412,185 — 13,550 + Other cash 279,731 — 10,573 19,115,536 36,189 10,901 Discounts and advances Industrial loans — + Bills . ; L Bonds j +2,290,290 + 396,171 — 132,612 3,381,990 — l,il&,071 - 13,500 17,200 — 1,342,736 ; Notes +4,172,238 ' +119,911 9,047,128 , — 14,938,515 136 84,634 1,691,621 34,617 Due from foreign banks P. R. notes of other banks Uncollected items . Bank premises „ + — — 6,743,831 + 2 88,367 63,086 Total loans and securities—. 4,764 70,370 48 1,515 Other assets. + „ + — 22,032 78,917 4,014 776 + + — + +5,453,703 +152,782 35,928,145 _ 19,165,021 ..251247+ + U. S. Treasurer—gen. acct— —142,000 + 16,596 260,698 1,431,317 Foreign 339,587 Other Official Deferred availability items Other liabs., incl. accrd. divs— Total liabilities ; + 52,537 34,077 + — + + Other capital accounts.. ' make 2,068 + .909090 .898958 .898750 3.244203 3.244203 3.980000 3.980000 3.980000 .658300* .658300* .658300* .658300* .546180* .546180* .546100* .546180* .541250* Missouri & Arkansas Ry.— -Earnings- Co., Boston on Wednesday, $ per share 1st preferred ($100 par) 30-30% common ($50 par)...—... 25% Estate Co., common ($50 par). 20 Investment Co., Massachusetts Real Comstock Tunnel & Drainage Co. ($1 par) Comstock Tunnel & Drainage Co. ($1 par)— Boston 30 F. Maine & Boston 2 7,916 — RR., 25 war Commonwealth & Southern Corp.— Grand 5c-10c-25c Stores; 6%s preferred par); Chain Metropolitan 60 ($100 Stores, reporting mem¬ in 101 lead¬ v. , porting member banks. ,*•' Demand deposits adjusted increased $248,000,000 in New York City, $97,000,000 in the Chicago District, $72,€00,000 in the Cleveland District, $43,000,000 in the Rich¬ mond District, and $558,000,000 at all reporting member banks. United States Government deposits declined in all districts. all reporting member banks was $209,000,000. — Increase <: 7-19-44 7-28-43 57,065 —239 from ry. —272 + 2,248 20 .+ 460 industrial, and agricultural 6,088 brokers and dealers for chasing or carrying: U. S. Government obligations to U. S. Government + \ 880 609 1,318 obligations 346 1,070 84 1,332 Real estate loans Loans to banks Other loans —139) — ,t,( reasury reasury 3,821 11,109 7,503 bills certificates of indebtedness notes I 19,404 S. bonds . bligations guaranteed by U. S. Government eserve 623 2,878 8,761 556 2,280 ther securities with Federal Reserve Banks ash in vault alances with domestic banks + 27) 497 — + — — — 81) . 33,503 6,870 14,034 2 — 1,285 S. Government deposits 8,653 Foreign banks 1— orrowings to demand interbank during week and deposit U. 8. accounts Gov't 894 79 bursed Feb. on Feb. follows: 93,538 89,226 168,214 88,727 34,929 30,714 75,367 32,206 1,472,296 railway railway 1,512,028 677,793 204,825 1,487,570 1,208,603 733,627 568,416 333,046 295,618 535,637 . 183,709 income 120. - oper. , from Net ry. Mav and 15 last. Aug. 16, 15, May June— Net in 1943 were as each; and Nov. 15, from ry. Gross Net ,jy. —V. railway oper. 1942 / 1941 220,640 220,579 78,745 160, p. —V. from 6,218,333 1,700,012 1,145,723 Net Marie Railway- ry. Net railway 10,591,049 1,599,424 Fed.) $4,529,038 973,458 $403,718 145,248 $730,686 194,260 revenues $2,339,195 786.989 $3,555,581 $1,552,206 Cr23,835 Dr88,366 Crl83,015 Drl03,709 $268,607 $3,491,050 $1,631,513 7,711 4,923 38,815 29,856 $545,193 $273,530 $3,529,865 2,642 3,875 16,888 $1,661,369 24,736 $542,551 rents $258,471 Cr27,576 Drl7,440 $537,481 equipment facility $385,379 165,866 '695 295,926 railway 83,434 income— oper. oper. Income income (net) ry. Other for avail, Inc. $269,655 $3,512,977 4charges Net ——— charges after fixed chgs._ amortization of defense projects: $45,341 $45,383 $270,985 $272,384 depreciation 38,299 46,041 233,194 + 2,084,360 790,383 1,543,354 20,894V2 for sale rate the • 5% of shares the public at $99 a share. The purpose of outstanding $1,950,000 of 3 ¥2% serial notes on March 15 in each of the years to the redeem to issue 56 86 — 657 16 + 4.080 2 + 2,651 + 105 + 3,416 + — + — + — — 3 3 — — 1,102 53 $390,000 of + from Net ry. railway--— railway oper. from Gross Net + 47 Net 37 —V. 7 + income from railway railway oper. ry. 160, p. income 329. + 9,217 —209 + 60 8 + 113 4— 69 + 47 12,596 The to on stock, June 15 paid a dividend of 35 cents per share on par $10, to holders of record June 1. This com¬ with 50 cents on Dec. 15, last, directors on July 27 declared pares and 25 cents on June 15, 1943. the usual quarterly dividend of share on the 6% preferred stock, par holders of record Aug. 15.—V. 158, p. 2192. per 1941 1942 $3,497,537 928,053 752,823 609,467 571,599 666,963 26,188,450 7,557,122 21,253,568 18,828,162 15,445,081 5,552,572 3,313,422 4,497,523 3,561,208 •Exclusive 2,469,516 1,653,817 distribution. 5,295,838 $3,174,448 1,036,989 6 Mos. End. June $100, payable Sept. 1 Expenses 1943 $20,339 1942 $25,480 +1941 $34,683 5,965 7,458 7,077 7,821 $12,881 $18,403 $26,862 — . Taxes 363 . •Net Gross from railway Net from railway Net ry. oper. income— 1941 $171,741 $129,681 $117,605 $92,065 64.932 36,287 39,084 27.492 29,238 11,795 25,366 from Net from ry. —V. railway railway oper. 160, p. income— 120. At June 1,114,747 855.321 682,808 588,205 321,210 220,677 176,067 152,253 143,990 93,027 408.881 200,516 "" .-■•■• - - • for 1944, there was a net unrealized apprecia¬ $45,144 based on market quotations at that; 30, of amount (2) Purchases months ended and June of sales 30, 1944, investment securities during the six and $61,163, respec¬ aggregate $12,393 16,238 tively. Balance Assets—Securities owned From Jan. 1— Gross the profit or loss from sale of securities, available tPeriod from Feb. 11, 1941, to June 30, 1941. of date. 1942 1943 $9,893 income in Inc.—Earnings— 1944 $16,221 30— Income-Dividends Notes—(1) 1944 June— —484 company common : 35-Cent Common Dividend— Muskogee Co.—Pays tion 337 1,073 126, p. 882. Y.—V. York, N. New 1943 $3,786,337 1,041,391 1°44 42 + Bonds— corporation has called by lot, for redemption on Sept. 1, 1944, for the sinking fund, $323,000 principal amount of its 67c- secured convertible bonds, series A, due Sept. 1, 1947, at 101%. Payment will be made at the Chemical Bank & Trust Co., trustee, 165 Broadway, From Jan. 1— + . 435. The $4,542,775 1,298,240 " from Net 5 32 the due 1946 of 2Vi% through 1950 and partly to redeem the outstanding $290,000 serial notes due March 15, 1945.—For offering, see V. 100, p. Mutual Investment Fund, (Including Wisconsin Central Ry.) June— Gross 75 + 558 Approved— July 31 authorized the company series preferred stock of $100 par Power Commission on Federal issue 751,734 being paid currently. 37 + 202,449 3,524,638 $1.50 corporate books but not include interest being accrued on 365,080 697,667 value, 276.806 not $552,830 1,791,256 the Equipment (in excess of normal depreciation) prop, 1941 1942 $587,779 347,209 135,317 3,279,401 railway— oper. Montana-Dakota Utilities Co.—Stock $1,636,633 fixed ' fFixed < 1,832,308 railway from from ry. The 8,986,611 $536,426 Crl9,613 Drl8,558 taxes— after of 1943 $575,237 3,437,269 at Hire Earnings— railway 568,604 income— 120. •Deficit.—V. 160, p $2,003,142 $15,120,087 $11,325,806 1,874,086 73,353,338 49,771,080 14,546,10ft 27,856,932 9,185,475 20,121,816 ; r — v. 2,524,982 Net 1944—6 Mos.—1943 1944—Month—1943 $2,604,772 — ■■ 1944 from Net to Taxes (other than 329. p. from Gross — expenses 15,982,550 %-■ ' ■ Monongahela Ry, Earnings— revenues 107,102,797 49,265,252 21,513,574 47,699,253 — income fv ■*; Net 'Total 114,011,585 2,759,463 From Jan. 1— Minneapolis, St. Paul & Sault Ste. Total 1,825,ioa 2,706,970 June— 4,852.392 976,900 466,475 ■> 5,044,479 2,238,200 railway. oper. 160, 1941 1942 1943 $8,906,784 income— from railway 96,705 945,116 1,389,381 3,610,610 1— Jan. ry. 194,777 1,953,575 3,568,628 $19,004,360 $17,159,902 $14,766,764 7,936,437 6,717,955 6,655,249 railway railway $889,003 189,622 income— 424. 3,325,346 1944 from from Net $1,001,391 7,125,457 2,346,895 1,779,054 9,386,670 .3,673,804 Missouri Pacific RR.—Earnings— Gross railway from Net 12,373,261 June— Net 317,207 7,402,108 331,415 15,304,479 income Net ry. oper. From Jan. 1— from 625,210 23,283,702 6,783,103 railway oper. $1.62Vz $1,153,059 income— oper. 813,321 36,731,9^1 160, p. 14. Net 421,605 railway from Net 393,343 39,900,363 railway Payments 1943 1944 771,804, Co.—Dividend— $1,382,918 railway $2,901,367 1,193,388 income ry. From ; from $4,445,477 1,525,797 1— from Gross . $6,303,241 '2,640,691 railway Jan. Net 1865. p. $7,603,741 railway oper. Net share has been declared on cumul. preferred stock, no per ' 1941 1942 1943 1944 from Net Minneapolis & St. Louis Ry.—EarningsGross $211,158 $295,510 income 160, p. Gross Corporation and $6.50 and 15 15, 159, $3.25.—V. the 15 to payable Aug. Net except accounts, 2: ry. 1941 1942 1943 $238,345 $254,603 59'A flat account of par value, holders of record Aug. 5. A like amount was dis¬ $1.62% on 87 43 20 terbank deposits: Domestic banks Debits of dividend A accumulations +Does + 20) Liabilities— deposits from Net —V. Missisisppi Central RR.—Earnings— emand deposits-adjusted ime RR.—Earnings— ^ v. Minnapolis-Moline Power Implement Road — reasury 51,517 1— Jan. Net —V. •'•'Includes carrying: Other securities 142,833 62,990 railway oper. The pur¬ Other securities Other loans for purchasing or 667,464 167,310 38,927 railway from Gross (Continued from page 536) + 10,583 11,727 loans 750,731 196,262 1944 from From <t $ 7-26-44 Commercial, 1,112,225 120. 160, p. Missouri Illinois Gross Net (+) or Decrease (—) Since Loans 5,321 Morris Plan Shares Corp.—Calls (In millions of dollars) — 11,187 June— From Joint ans—total income "Deficit.—V. Net Percent — General Net of reporting of the assets and liabilities member banks follows: 20,443 •16,814 Missouri-Kansas- Texas RR, —Earnings— Y. Period End. June 30— declined in most districts, the principal decreases being $95,000,000 in New York City and $49,000,000 in the Chicago District; Deposits credited to domestic banks $106,837 30,770 June— declined $105,000,000 at all re¬ $124,318 •2,878 1,208,374 329,266 100,280 railway railway oper. Net $15 lot stock. share 20 ry. $15 lot 1st 3s, Sept. 1, 1951 reg. with Taft Realty Corp., from Net Gross 7% par) BONDS $2,000 Net 114 23% W. & 1942 $171,840 income oper. from Gross *09 preferred ($50 par)— preferred B stamped ($100 Gravel, 1943 $205,584 58,867 11,565 railway railway— From Jan. 1— 120 Holyoke Mutual Fire Insurance Cp Sierra Pacific Power, preferred ($100 par) <fc ry. .09 — 4 Sand from , . 1941 1944 from Net Net Boston Gross investments—total 3.980000 3.980000 .658300* Virginia Smelting Co., 12,000 15.1% —- 272 + banks, and declined $28,000,000 in the San Francisco Dis¬ trict and $20,000,000 in the Chicago District. Holdings of United States Government bonds increased $43,000,000 and •• .898750 3.244203 STOCKS 33,400 $24,000,000 in the Cleveland District. Holdings of Treas¬ ury certificates of indebtedness increased $33,000,000 in New York City and $16,000,000 at all reporting member ans .909090 . June— . Shares purchasing or carryobligations declined $139,- Assets— r .658300* Aug. 2: 10 $81,000,000, both largely in New York City. Holdings of Treasury bills declined $59,000,000 in New York City, $48,000,000 in the Boston District, and $86,000,000 at all reporting member banks, and increased A summary .909090 .909090 Gross 27,686 136 6,19.5 000,000 and other loans for the same purpose decrease at .205800 .909090 .899375 3.980000 Transacted by R. L. Day & Loans to brokers and dealers for total .205800 .546180* and $209,000,000 in deposits credited to domestic banks, and an increase of $558,000,000 in demand deposits adjusted. the .301215 .205820 3.244203 Auction Sales + 5,453,703 .2% — weekly in the San Francisco District and .301215 ~ .205820 ,,, •Nominal rate. Federal Reserve System Government .301215 ,205800 $484,000,000 in United States Government deposits, States .301215 .899375 Noncontrolled ing cities shows the following principal changes for the week ended July 26: Decreases of $272,000,000 in loans, United 4.035000 > 3.244203 ... par); of .572766* .572766* 4.035000 . Controlled.... indus¬ statement .901250 .901484 .572766* 4.035000 4.035000 3.244203 Union of South Africa, pound. 7 Condition Statement of Member Banks of the .909090 .899375 ($100 condition .051275* .909090 .901250 .572766* • .301215 v .909090 , .—J Free preferred The ' .205800 Official 10,278 — +152,782 3,920 ber banks .051275* .. Newfoundland, dollar— + + 56.1% to trial loans .572766* ... 5 F. R. note liabilities combined • , .901562 .901875 4.035000 .301215 Mexico, pes©—, 5 . .909090 4.035000 India (British), rupee + 35,928,145 Commitments .909090 .909090 .572766* England, pound sterling 1,146 + 5,421,798 70 + • 84,313 ..... Total liabilities & cap. accts._ Ratio of total res. to deposit & .051275* .901875 .... 531,948 156,509 + +150,644 188,097 26.965 . .051275* .909090 — Free— 400 159,252 .060602* .051275* .060601* .060601* .060602* .060602* .051275* Colombia, peso Capital Accounts— Capital paid in___.i..«..._ 8urplus (Section 7)— Surplus (Section 13b) 3.228000 3.228000 3.228000 .060602* .... 63.687 + 630 — 35,469,518 ...... .251247* .251247* .251247* .251247* 3.228000 3.228000 .297733* 184,372 — 91,634 — 14,915,829 1,381,752 6,916 Total deposits — .297733* Canada, dollar— 548,149 136,885 18,767 Aug. 3 Aug. 2 .297733* .297733* .251247* 3.228000 v Free___._.'__w.—— •• Deposits: Member bank—reserve acct._. July 29 .297733* Money Aug. 1 Brazil, cruzeiro— +4,732,195 +169,734 12,884,227 Federal Reserve notes States United $ Free Uruguay, peso— Liabilities— in July 31 peso— New Zealand, pound Total assets New York Buying Rate for Cable Transfers in July 28 ■: +6,726,087 + 89,211 14,891,425 (incl. guar, sec.) t. INCLUSIVE 1944, Value Official Official Total U. S. Govt. securities s 1930 RESERVE BANK TO TREASURY UNDER TARIFF ACT OF AUG. 3, .297733* Argentina, Australia, pound U, S. Govt, securities: Certificates—— FEDERAL Noon 61,007 —1,387,841 + 18,669 —925 372 996 152 + BY Country and Monetary Unit 357,762 — r CERTIFIED RATES JULY 28 TO —1,684,596 Redemption fund—F. R. notes__ Total reserves record for the week just passed: EXCHANGE Aug. 4, '43 $ July 26, '44 $ + 24,495 Aug. 2, *44 Assets— We give below a (+) or Decrease (—) Since ' cable transfers in the different countries of the tifying daily to the Secretary of the Treasury the buying rate for thousands of dollars) (In Federal Reserve Bank is now cer¬ requirements of Section 522 of the Tariff Act of 1930, the Pursuant to the / 569 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4305 .Volume 160 Sheet, June 30, 1944 and held by custodian, $808,257; purchased but not delivered, $12,393; cash—in hands $71,346; accrued dividends receivable, $2,599; deferred securities of custodian. charges, $154; total, $894,749. Liabilities—Redemptions payable, $1,378; accrued expenses, $1,253; distribution—payable $80,583; paid-in surplus, $300,960; undistributed income, $1,486; total, $894,749,—V. lfcO, p. 435. 1944, $8,058; capital stock ($1 par), $1,102,579; security profit and loss account, 15, from Gross Stock— tional authorized the listing of 86,310 additional shares of common stock (par $1), upon official notice of issuance and distribution, making the total amount of common stock applied for, 799,184 shares. On June 23, 1944, the board of directors adopted a resolution providing for the issuance and sale of the 86,310 shares of common stock.—V. Stock 160, has Exchange 120. p. Corp.—Debentures Called National Distillers Products for redemption as of Sept. 1, next, 3%% debentures, due March 1, 1949, will be made at the Chase National Bank of the City of New York, fiscal agent, 11 Broad St., New York, N. Y. The right to convert said called debentures into common stock' will terminate at the close of business on said redemption date. It was announced that $375,000 of 7-year 3'/»% sinking fund deben¬ tures due March 1, 1949, have been called for redemption as of Sept. 1, 1944, at 101 and interest. Payment will be made at The New York Trust Co., trustee, 100 Broadway, New York, N. Y.—V. 160, p. 435. The at 10-year convertible interest. Payment and 102 Net from from Net The "at least one-third." will increase the company's plants to 21. It will be of waterfront property where minerals will be brought Center mills by Clarence and will erect a new plant in Baltimore, plant new 15 acres built on improvements by cargo ships, Mr. Baker said. The new plant, plus the two Buffalo (N. Y.) area mills, will require in in that $4,000,000 company the earmarked has 159, p. 1976. expansion, he said.—V. tl for far so ., „ the of most « , Alcohol Collateral— 1, of the outstanding common stock corporation, which class of stock has the sole voting power. NY PA NJ Utilities Co. has filed a petition with SEC to purchase The sale auction at Power & shares 712,411 of stock common of Central Jersey The purpose of the proposal Is to for $5,365,000. Light Co. control of the stock.—V. 155, p. 1602. give NY PA NJ 100% 30 12 ■ ■ ■ ■ ■ ■■ 26 / 12 11 10 33 33 12 12 22 Net from 12 Net ry. 6 13 11 13 —V. 20 12 16 22 24"; 8 19 12 18 _ 8 _ 20 14 18 15 14 18 13 15 10 25 it to quarterly a ■■ from a Net ry, in basis.— —V. $341,393 $338,558 205,069 151,365 80,068 83,527 81,934 1,946,199 1,854,928 Sales — number of stores The at July 1,337,047 1,382,167 545,714 759,014 789,654 373,864 379,317 471,706 income 436. have and March kwh. This Is a production of 12,652,542 below ' year the for output ft. for the in the July of 519,000 is week 28 Trust Co. option corresponding week from of the office at of J. P. & Co. Morgan of All outstanding 6% mortgage gold income bonds, series B, due Nov. 1, 1949, have been called for redemption series and of the A as redemption and interest. Holders may receive the full price, plus accrued interest to Aug. 30, 1944 upon presen¬ tation surrender 30, Aug. in 1944 and New Orleans, at 100 of trustee, said bonds The at Hibernia Gravier and Carondelet, National New The has company made available to holders the of series B all of these bonds piemium and be Chase St., New Orleans, be and interest The at Broad New will redeemed redeemed of,l%, accrued made 11 bonds will the plus Sept. on and par series Bank N. Y., Immediate of at or payment interest will 2%. of the Redemption City of the may redeemed be New York, plus at a 1942 1941 $786,702' $881,379 $489,589 188,604 280,989 404,330 154,907 77,298 138,308 191,003 from ry. railway 4,007,599 income.. 331. 305,450 oper. 160, p. Holders gold bank terest due RR. Jan. 1, gold and a holders 1952, of of Saint first due May mortgage Charles Street 1, 1946, of 4% 50-year RR. Co. are maturity on these bonds. Immedaite payment may be ob¬ the bank, 11 Broad St., New York, N. Y„ or at the office Whitney National Bank of New Orleans at any time prior to Oct. 1, at 160, p. 436. June— railway Net from railway— Net ry. oper. income— Period-* Sales —V. 160, 1943 1942 $765,244 $486,010 $217,748 373,692 477,782 265,010 67,334 328,324 222,909 259,216 $1,019,201 670,312 648.457 $8,885,445 4,159,151 $7,174,536 4,326,286 Lrl2.126 Drl6,S92 Z>r86,096 rents (net)... Net Net ry. income- oper. $2,234,280 items income New York Central June— Gross Net Net from ry. From Gross Net Net 1941 4,369 944 2,984,254 3,483,340 2,696,183 1,714,520 524,541 1,850,782 949,185 1,651,273 549,169 $1,650,766 $12,958,500 $11,418,901 104,185 3,381,822 544,356 566,727 income Gross Int. funded on $2,801,007 debt... $1,754,951 $16,340,322 $11,963,256 176,136 income Sinking 1,056,955 1,056,617 176,136 & $2,624,871 $1,578,815 $15,283,505 $10,906,301 funds res. _____ 50,908 50,155 313,539 302.475 3,875,000 725,000 160, of ______ income__. North $1,848,963 $1,528,660 $11,094,966 $10,603,826 16. p. profits 1943 ' extent American Co. The directors Common Dividend — payable in the form of the at Co. shares rate of North of The dividend will be of Pacific Oct. Gas Electric & share of North stock, cents $33 paid was directors and cash American approximately on —V. railway.... railway oper. 160, p. 31,231 28,000 $184,209 $121,411 ... $181,031 taxes, if any, banks and in 4'/2% on hand, United $83,003; notes, $485,725; . , cash deposited with bonds, States expense on the $208,984; notes less reserve, $351,4.59; inventories, $528,541; deferred charges, $25,989; property, plant and for depreciation and depletion of $3,735,191)/ $2,387,281; new construction in progress, $212,685; other assets, $74,889; total, $4,706,554. D * ; > ; and receivable, accounts $348,000; investments, . within one year, purchase obligations, due secured notes, due within payable, $245,095; eight-year 4 »/2% $9,600; $139,105; accrued salaries and wages, $13,353: accrued in¬ accrued taxes, State and local, $17,434; accrued taxes,1 $168,541; deposits on sales contracts, $22,126;; year, terest, $4,095; excise and miscellaneous. 4Va% secured due capital total, $4,706,554.—V. 160, purchase obligations, notes, due after June 30, 1945, $1,097,630; after June 30. 1945, $24,672; common stock surplus, $1,439,044; earned surplus, $620,452; p. 228. •' / •- 717/a in also cents will share each last on Gas Electric for Electric & 100 every Sept. record of the on the Gas five regular the of rate 33 cents per price current market & Electric. 1944. dividends 5%% and in directors July 27 declared on share and the usual semi-annual able Aug. on 18 Feb. to 21, stockholders $50 par to stockholders of extra dividend an record 159, 1942 1941 of 75 value record of 50 p. Aug. 7. Like cents per $920,491,43.6—an Net ry. railway 1944 oper. of almost $24,000,000 over the 1943 closing ending June period 30, the new business of the 15% increase over the New business in June totaled $13,246,996—a 27%. increase over June. 1943. Business in force reached $2,107,299,501— one of tM'hlghest totals in the company's history. The company now holds $315,333,604 in U. S. Government securities —representing slightly more than one-third of its assets—V. 159, period in 1943. same p. 1452. v Pennsylvania RR .—Earnings— were 4r 1944 June— Gross from from ry. , oper. 1941 1942 1943 '• ; w 1942 1943 1941i $89,948,906 $80,383,573 $71,413,011 25,967,613 25,767,381 26,036.102 railway railway $53,576,905 13,674,281 10,089,616 10,369,258 income— ' 69,411,311 •••••; 16,335,049 « From Jan. 1— Gross Net from from $9,448,389 $6,888,966 4,770,568; 4,838,015 2,983,708 2,070,404 2,046,198 2,683,262 1,998,255 1,701,595 —V. 75,076,826 66,772,079 49,489,460 35,227,658 23,662,918/ 24,510,573 13,345,554 8,917,748 9,621,169 7,127,025 railway—— 501,531,403 468,321,215 379,621,861 278,137,615 76,684,571 -jailwayl—<-■— 131,353,291 142,146,809 113,839,612 Net ry. income a the company's operations. ' assets of this company—for the first time the 900-million mark, reaching a total of increase six-month the In Net $13,437,477 $12,207,805 railway as 1944, •• \ from from well figure. both pay¬ amounts 584. Ry.—Earnings— June— Gross Net on half of history—crossed its as , dividend of $1.50 per share, of this year.—V. report the first In assets in 97-year-old company amounted to $65,509.874—a quarterly 6% in similar A quarters. Oct. 2 business 1, . The Co.—Assets Rise— considerable gain in new were marked up for this company during the first six months it was announced by John A. Stevenson, President, in his high all-time An semi-annual at Pacific the share paid based of the of declared a be common, per Pacific & stock, common lieu of fractional shares of Pacific In preferred stocks, respectively, payable Sept. 8.—V. 159, p. 2087. " op^r/income— 160, p. 121. 51,869,894 47,863,104 60,285,685 42,679,310 From Jan. 1— 'yJA Gross from Net from Net ry. —V. railway railway oper. 160, income... 10,657,289 14,349,269 16. p. Pennsylvania-Reading Seashore Lines—Earnings— June— Gross ; 1943 1942 $320,909 $214,923 $193,203 $412,225 200,126 70,323 69,577 311,514 Net from 227,833 78,292 92,842 300,241 Net ry. ; 1941 June— Gross 1944 from income From income 1,328,245 1,500,038 2,232,488 Gross 718,514 530,643 889,758 1,685,480 Net from 891,852 635,087 938,340 1,598,211 Net ry. 121. 1— Jan. 1,503,986 from . 1941 / $429,954 276,334 22,985 147,590 118,093 29,046 102,048 76,800 *3,900 2,084,691 1,519.869 $464,280 $530,008" \>./; railway. railway income... •Deficit.—V. 160, p. 16. oper. /■ *23,328 railway.... railway oper. 1942 1943 I 2,889,738 2,929,415' from ry. 440,966 734,857 317,694 8,239 148,952 443,509 88,572 *204,860 Gross Net Net $1,131,952 $807,710 375,238 350,590 126,487 115,292 223,008 16,129 5,130,575 5,089,777 780,153 *344,673 o^er. income— from * . railway 160, p. " 1941 $711,467' 184,088 *26,946 - 4,471,776 fromirailway ry. oper. income •Deficit.—V. 1942; 1943 $1,129,907 -railway— From Jan. 1— -Earnings- 1944 / frorp railway- Net Northwestern Pacific RR.- 1944 from from 30,596 .—... taxes for the year 1944 will depend to a large the amount of drilling done during the year since intangible in Pacific held. stockholders to 2 the on the Gas stock common paid dividend a shares of common share one American subject to approval of the SEC. - ry. income Penn Mutual Life Insurance July 28 declared on From Jan. 1— Gross $240,262- $214,806 17,392 charges Assets—6ash Gas & Electric Co. Stock— Connecting RR.- -Earnings— railway.... from railway.... ry. oper. income... Net 10,475 $138,803 development costs of producing wells will be deducted as an on the company's Federal tax returns, although capitalized books. ^ ' Consolidated Balance Sheet. June 30, 1944 Net 436. from Net 1_. $128,328 ' ,907 $222,018 18.244 $200,609 14,196 1.. for Federal Net Net 1 income Total ($1 par), $905,407; Northern Pacific railway 358,505,202 341,300 624 266,978,513 208,658,449 railway...... 99,150,961 123,154,448 77,156,317 58,304,109 income.. 34,200,396 46 120 931 32,394,311 27,905,928 New York Net 233,896 172.458 64,549 49.916 1— June— Gross 985 , eight-year Balance -V. RR.—Earnings- oper. 160, p. 306,434 233,970 58,243 >/ 56,285 985 164,590 115,354 28,456 29,348 leases expired or surrend, Non-operating income one appropriations ^ appropriations. Miscell. from rv. 1,112,822 L cost charges Liabilities—Accounts Net paid $63,372,603 $59,312,400 $50,441,622 $38,170,509 20,940,200 22 369 744 17,930,440 11,779,412 income— 7,858,229 7,606^999 7,801,905 5,364,622 Jan. $1,856,566 1,271,361 con¬ equipment .(less reserves 1,410,054 railway railway oper. from —V. 5,585,368 1944 from 6 Mos. End. $2,127,888 825,155 and operating income./ trustee, Other 6 Mos. End. June 30, '44 June 30, '43 $1,292,216 transportation operating Undevel, Dr81,922 facil. Jt. 77,848 " 330. p. and notes, Statement June 30, '44 costs ■ railway Net from railway...— Net ry. oper. income— outstanding $567,147 4'%% retire to ' 'vV- Note—Federal Northern Insurance Co. of N. Y.—Extra Dividend— from New Notes j — be used for working, capital. i relative to the note issue provides for retirement proceeds of the oil produced and it is expected that the (lesS sales taxes) Net $1,576,094 From Jan. 1— Gross used Depletion 1944—6 Mos.—-1943 Ry. oper. income Equipment rents (net). The $732,742 s 1952. 3 Mos. End. Railway—Earnings— 1944-^-Month—1943 $13,909,968 $10,054,270 $79,074,324 $74,085,003 7,419,669 6,976,480 45,031,837 41,786,413 25,124,054 of 1944 from Refining Co. & Consolidated Income 277,982 25,157,042 New Orleans Texas & Mexico Ry.—Earnings- Gross Producing . mortgage bonds, 1 1 fund Non-operating Western & tax dividend . Sept. 596,353 2,058,589 Whitney National Bank of be obtained upon presen¬ by The Chase National Bank of the City of New York, that New Orleans Public Service Inc. has deposited with sum of money sufficient to pay the principal of and in¬ 1944.—See also V. 542,346 2,545,439 4,914,205 be to tained of 50-year payable value, par no of accumulations [ 15. Distributions of $1.25 each were made on last. In 1943, the following dividends were Depreciation accruals.. trustee, notified trustee, the 6% bonds, being as of Claiborne & 3,628,247 1,171,226 620,747 4,112,008 1,173,453 793,879 railway Ry. oper. revenues Ry. oper. expenses tation of the bonds to the bank. Canal stock, I Dividend—Earnings account on 98,350 income— par will 1, declared been has > retired before maturity. be Operating $738,834 railway Norfolk bonds, The series A 1944. 12, accrued bonds B premium a National York, La. at - share.—V. 160, p. 227. certain notes will Direct 1943 Orleans, La., or at the Irving Trust Co., One Wall St., New York, N. Y. payable In French francs, the cash equivalent in dollars. The corporation is also notifying holders of its first and refunding mortgage 5% gold bonds, series A, due Oct. 1, 1952, and first and refunding mortgage 5% gold bonds, series B, due June 1, 1955, that : preference June sinking Provision Bank Streets, Union 30, and June 20 March on Co.—Accumulated $1.50 were Purchase, Ry.—Earnings— railway..— from Net Railway Issues— made March 1, June 1 and Sept. 1, $1.25 each; and Dec. 1, $1.50; payment of the dividend just declared, arrearages will amount out of redemption as of Sept, 1, 1944, out of bond redemption fund, $1,853,000 of holder, the Period End. June 30— New Orleans Public Service Inc.- -To Redeem Several Bond Gross Net ago.—V. 160, p. 436, year a and 1 The 1944 from Gross reported at 96,273,000 cu. ft., above production of 95,754,000 ft., or.0.54% cu. declared on the no par j holders of record Aug. 23. to 20 were ' mortgage June- —V. increase cu. kwh. kwh., or 1.20% corresponding week a each privately—Company recently placed with two j insurance companies $1,250,000 8-year 4^% secured j life • 151,645 of notes due in From Jan. 1— ago. Gas •*an of decrease 12,500,897 Sept. and Norfolk & Southern Net Julj* 23, this Assoclatioh report# electric output tfie week ended For of 25-Cent Common Dividend share has been following dividends were paid: March 20 and Sept. 20, 25 cents; and Dec. 20, 35 cents. the cumul. Panhandle bonds, 3'/2 % series of 1936, due 106% and interest. Payment will be made at The of Buffalo, trustee, 237 Main St., Buffalo, N. Y., at 1966, the at for called amortization refunding 1, Marine been the in first England Gas & Electric Association—Output— New 1 7,190 each; Paper $5 Proceeds Niagara Falls Power Co.—-Calls $1,853,000 BondsThere funds Net ry. oper. .V 42,606 133,070 per cents 1943, dividend the tainer 1944.—V, 160, p. 330. 15, 300,120 146,000 the balance wilt or, 1944—4 Wks.—1943 1944—28 Wks.—1943 $7,819,868 $7,129,480 $53,103,794 $49,884,742 in operation decreased from 901 in 1943 to 852 385,907 Placed Incorporated, 23 Wall St., New York, N. Y.—V. 160, p. 16. July 15— 5,387 137.456 payable 1867. to $7.25 per National Tea Co.—Sales Show Gain— Period End. 25,024 554,729 186,558 cents 25 159; p. A on 88,811 2,912,360 oper. 160, p. 38,626 714,816 155,769 3,034,451 railway railway from ry. $465,215 income from Net 25 stock, cents After 1941 1942 1— Jan. 38,992 465,361 20 21, paid: RR.—Earnings— 204,207 railway oper. of of Oxford change $459,702 railway 11,554 income... In year. —V. 20 payment 1943 1944 from 70,438 railway,. common June 15 mark announced, is New York Susquehanna & Western Net 27,123 87,616 814,113 to holders of record Aug. JuneGross $122,864 •95,820 17 semi-annual a 1941 1942 $139,670 railway oper. dividend this 25 declared, just from 9 14 7 —— policy Earnings— 1943 1944 1— Distributions ::'9v;r/ 10 15 8 equipment dividends $1,436,810 Otis Elevator Co.—To Pay A 11 8 _ Steel The 1,866,923 $1,483,859 160, p, 48. value 19 10 4 . 1,533,120 $96,539 3,492,280 18 18 16 20 utility. Tobacco / 5 7 _ 155,577 railway from 18 7 Railroad Gross 10 9 _ $3,303,733 $147,966 railway—_ Jan. 10 10 . $3,016,979 oper.' income 11 Oil Public ry. From 22 stock Railroad from 3 — Metals $252,116 99,943 deducts... ; from 10 equipment- . $6,796,013 June— 5 _ $6,513,877 3,496,898 160, p. 227. Gross 13 _ _ $537,714 235,598 Oklahoma City-Ada-Atoka Ry. 35 13 .. Machinery Merchandising -V. Net 6 12 6 _. 7,360,608 $501,266 287,753 ... Balance Net - stock. Chemical 8,728,723 - Net, income., Divs. on pfd. stock ■ .18 ... _ ■ Nov. 25/43 May 25/43 17 cents 21 cents 14 cents Building supply Business equipment—_ Light Co. (par$l) constituting 67.6% the ;—Payable per Share i May 25/44 distillery- Aviation Net 1928, will offer for sale without any representation or war¬ ranty at public auction, at the auction block of Adrian H. Muller & Son, auctioneers, at 75 Montgomery St., Jersey City, N. J., on Aug. 17, 1644, 712,411 shares of common stock of Jersey Central Power & of i Aug. 25,'44 Automobile Bank Gross under the trust indenture dated York Trust Co., as trustee .I% % 8 cents and 3,419,988 586,281 $113,570 other & 3,356,598 280,676 678,120 $213,513 taxes income March 159, p. 2086. National Public Service Corp.—Sale of The New Int. / 289,322 — for the declared Agricultural From Feb. *237,605 •5,841 23 *253,167 Industrial Series— deprec. amort.. Gross 16. have for * $2,173,508 $29,642,405 $26,572,084 768,838 10,979,818 9,058,865 227,834 V. 160, p. 227. has called for redemption as of Sept. 1, 1944, out of the sinking fund, $58,000 of 3%% sinking fund debentures due 1955 at 102 and interest and $39,000 of 3V*% sinking fund de¬ bentures due April 1, 1957, at 103 and interest, Payment will be made at The Chase National Bank of the City of New York, trustee, York, N. 457,698 ; .v company -11 Broad St;, New 2,881.082 411,610 expenses.... Provision 1944—12 Mos.—1943 1944—Month—1943 $2,417,599 948,890 revenue Provision following dividends on the special stock of this corporation (industrial series), payable Aug. 25 to holders of record Aug. 5 (see first column below—with three previous pay¬ ments shown as comparison): hioneys in 1 3,539,133 income... directors dividend National Oil Products Corp.—Calls Debentures— The 3,967,798 New York Stocks, Inc*—-Distributions— The post-war „ . Gross Operating , Insurance Md., to manufac¬ ture gypsum products as part of its post-war expansion and improve¬ ment program, Melvin H. Baker, President, announced on July 24. The plans also call for increasing production of the company's Akron company 29,266 312,993 'Deficit.—'V. 160, p. Food Co.—Proposed New Plant— National Gypsum •20,779 35,707 4,695,570 railway Electrical The 105,674 & railway oper. ry. $577,347 ' 81,512 V 126,625 Co.—Earnings— Period End. June 30— 1— called has corporation $497,000 of income Jan. $663,474 $801,104 $875,597 86,489 *49,068 railway railway oper. From Gross York New The ry. of Addi¬ Inc.—Listing Fibres, from Net Automotive National Net 1941 1942 1943 1944 June— Ohio Edison -Earnings— New York Ontario & Western Ry.- accrued $378; tax, income Federal for reserve July . ■*' ■ Monday, August 7, 1944 CHRONICLE THE COMMERCIAL & FINANCIAL 570 *558,505 3,762,538 286,324 *747,879 3,000,582 *43,242 *1,064,646 122. .Pennsylvania Water & Power Co.—Bonds Called— / mortgage and collateral trust bonds, 3V*% series been called for redemption in the amount of $103,000 sinking fund on Sept. 1, 1944 at 105 and accrued interest. Refunding, due 1964, for the have A Volume York Trust Co., trustee, 100 Broad¬ Payment will be made at the New control of the Gosnold Trills Corp. of Bedford, Mass., manufacturers of cotton and rayon fabrics. An offer of $1,748,1)00 for all of the outstand¬ New registered ments therefor bonds and $5,000 fully part. In the case of will deliver coupon or bonds for the unpaid balance.—V. 159, p. 1867. ing stock of Gosnold Mills was made in June, with pay¬ being made available on July 24. acquisition of Gosnold assures Powdrell & Alexander, Inc., of a supply of greige goods to maintain its Increasing saltfs volume, as well as permitting Gosnold to continue its relationships with many of its long time customers. The ownership of Gosnold will provide further integration and balanced production for Powdrell & Alexander, Inc.—V. 160, p. 470. The Peoples Gas Light & Coke Co. (& f ; sales therms in Operating Gas $10,818,859 $10,542,412 $42,840,895 $43,842,089 3,016,540 3,019,841 12,089,045 12,355,805 202,220 138,871 1,101,999 795,678 2,055.506 2,127,448 8,542,127 8,822,284 272,000 ■; 296,941 1,149,636 1,267,557 753,448 756,728 3,020,353 ,3,015,825 revenues purchased Gas 1944—3 Mos1943 1944—12 Mos.—1943 236,484,003 235,773,077 926,121,184 916.432,359 End. June 30— V Period Gas - produced Operation Maintenance Depreciation , Federal Federal miscell. & local State, T , 1,007,434 taxes— : taxes profits 994,696 384,570 1,731,108 taxes income Excess 425,470 1,377,943 ' 3,821,027 ' 3,976,663 1,596,640 2,282,415 6,113,774 5,011,903 $1,396,033 271,827 $1,405,073 244,156 $5,406,294 1,041,498 $6,313,959 997,457 $1,667,861 V' 961,231 $1,649,229 . 724,486, $6,447,792 3,254,214 $706,629 $924,749 $3,193,578 sufficient ; income Gross Income deductions — . share on shs. of cap. Earnings per $14.23 656,000 stock - —V. f This with compares assets net divs. on $1.41 $6.46 $4.8.7 < 'jUntil some day it may be done.,,;—V. 160, p. 228. \,v. which the period-! shown are in excess Federal Other — 1,949,769 1,828,132 —— 4,546,129 taxes—_1 deductions.. Income Net income Dividends $15,540,454 $17,311,850 2,168,768 2,168,768 ; stocks preferred on i 1 'V ' # - ? p ■ Gross 536.—V. 159, $15,143,082 ■ $1,565 $1,348 1944 have'been restated for com¬ parative purposes ry. * Weekly Output— . The output electric week ended July 29, 6,023,000 kwh., or 5.1%, of over p," 470. 160, The company transp. ; Benedum from Land, comprising approximately 1,000,000 acres lying in the-Magdalena River Valley, Colombia, South America. This Hand is about 250 miles upstream from Barranquilla, Colombia, prin¬ cipal port- on the Carribean Sea. The tract lies approximately midway between the Barco Concession in Eastern Colombia and Los Infantas Field in Central Colombia. This latter field contains 1,200 oil wells and 49 dry holes and has produced 312,000.000 barrels of oil through 1942. fThe 10-inch pipeline serving this field runs along the eastern edge of Simiti Lands, 3 It is now carrying 57,000 barrels daily. Phillips formalities had been com¬ the Colombian Government the company would proceced stated officials that pleted with with geological and geophysical work preparatory to ' „ 470. —v. 160, p. "*.y. t. J I from Net ry. 510,527 490,097 Net from 4,629 247,904 119,634 Net ry. 13,077,407 11,804,504 57,609,014 59,835,253 Erie,RR.—Eairnirigs~-&: Pittsburgh & Lake i Net ry. .oper. 1944 $3,019,325 617,042 of ■■ 6d. share, per 3.0555d. of less 436,571 income. * 1941 $2,703,773 949,007 499,21^ 1— Jan. From .vo". . railway.^ ■■ — 17,445,038 5,166,631 16,269,084 4,639,892 13,547,905 3,598,047 2,880,668 3,330,333 2,979,886 3,509,401 Net ry. oper:'; income.,-- V K-V. 160, p. 470. * * •'*?< ' — $1,247,258 $8,524,176 $10,980,944 <: 748,818 829,301 60,457 29,664 (net JOr) 26,162 32,842 161,347 199,668 income, $1,070,753 $1,184,752 $7,614,011 $9,951,975 facil. Jt. Net —V. rents oper. ry. Redeem More Preferred— on Nov. 1 at $110, and accrued VkS cumulative convertible pre¬ second call of the year and will 6Vic/o preferred stock to 2,500 company had 7,052 shares of preferred 6tock in the public at the beginning of the year.—V. 151, p. 1734. The shares. the of *35,367 1,316,223 1,200,638 270,670 38,505 42,807 *320,702 7,297 *209,799 *147,237 160, 51. p. 12 V2 of has been declared on the com¬ cents per share Aug. 15 to holders of record Aug. 5. share paid on March 10 and May 16, the corporation made four payments of 25 cents payable $1, 1943, In 159, 2123. p. Distillers Corp.- -To Pay $1,200,000 Schenley There have been 4% 10-year called for redemption sinking as of Sept. 1, March due debentures, fund voted to call 1942 1941 $352,309 $319,777 Net from raiiway-i-c— 66,301 61,418 56,583 Net ry." oper*.income.— 15,841 48,834 45,447 38,313 2,389,835 Net from "railway.,.138,146 Net ry. - oper.^ incomei-i *3,018 2,226,655 239,904 2,035,149 par order of the War Production Board per¬ the recent the corporation August, on July 31 disclosed that it plans to Tesume r,.shipments shortly of a number of brands 'Whicfy it had discontinued when the Industry ceased to produce beverage spirits and was con¬ 100% verted "All to the of alcohol war brands 342,171 after Aug. 1 240,999 consist either of straight would the quantities of merchandise In increase some increases period released, pointed out that while the August production Jacobi also permit subject be availability of containers and the to both of which have represented an increasingly difficult stated, however, that the company expects to continue which it has had in effect for the past year of allotting the merchandise it releases for distribution among all retailers, regard¬ man-power, He problem. the program less size of past purchases.'—V. of '•* ■ „ 166,796 131,636 58,693 railway v! will production. shipped whiskies made before the cessation of beverage alcohol production,- or blends of pre-war whiskies and neutral grain spirits," Lester E. Jacobi, President, stated. American 1,793,116 - from at 1952, Shipment of Several Discontinued Brands To Resume The 1943 $409,439 1944 $416,450 39,018 Juiie—^ 1944, $1,200,000 1, New York, N. Y. ' t • I" 160. p. 123.' :> ) ' : 1 • ..., ' 1 . ; '• ^ I, 1944, all of its has called for redemption on Sept. company '* •'"!■' ■ Debentures— Scovill Mfg. Co.—To Redeem Gross Deben- Payment will be made at the Bankers Trust Co., trustee, Commenting on RR.—Earnings— Rutland 656,098 813,595 tures— such dividends, 2,500 more shares of 6 ferred stock, par $100. This is the reduce the outstanding amount of hands *41,222 9,117 par year. each,—V. Mr. have *23,962 income— stock, will directors *3,462 *74,414 railway dividend this 470. 160, p. Roos Bro$.y Inc.—To '■I- 17,551,708 3,528,251 railway.. from from Net 1,798,135 • r, • . $101,635 *764 mitting distillers to manufacture beverage alcohol during the month of v ' Gross $2,472,053 $18,617,724 $19,330,377 10,093,548 1,224,795 (8,349,433 $1,157,372 777,609 ..... $2,955,505 accruals— '• $142,278 18,949 \ A' * v v.' V",'-. T v.* Savage Arms Corp.—To Pay 12y2-Cent Dividend— /! $8,671,471 $58,539,489 $57,347,005 39,921,763 38,016,628 6,199,418 N.'i',' * ' from ry. oper. tax $189,990 *20,922 1944—6 Mos.—1943 1944—Month—1943 $9,605,329 6,649,824 oper. - 1941 $224,484 railway oper. 16 Wall St., income____ Equip, rents (net Ry. - This compares with 25 cents per share per from mon Ltd.—Dividend— 3s. ' -■ r •• The 1942 $3,078,246, 1,006,909 ,1943. ' $2,573,596 502,819 769,860 railway.' from Net railway from Railway y,v-4C*rr 471. 1942 Income... 'Deficit.—V. 160, other carriers—express privileges.—V. Period End.. Juhe30— •vw. p. 1943 railway oper. 98,019 of A*} Bank N. Y—V. 160, From Jan. 1— A rev. redemption date. Pay¬ of the City of New to said National Chase The railway 5,066,704 Gross Ry. oper. revenues Ry. oper. expenses t ; from Net and Interest. Net at made 1944 6,091,964 585. drilling test wells. ■■■ ; June— Gross necessary as soon as be June— 1944—5 Mos.—1943 South African non-resident will be paid on or after Aug. 16 upon presentation of coupon No. 82 at the London office of the. company, 4, London Wall Buildings, London, E, C. 2, England. Coupons must be presented four clear days before being paid. V.A similar distribution was made on Feb. 11, last, and on Aug. 13, 1943. while on Feb. 12, 1943, a dividend of 4s was paid.—V. 159, the Simiti Pittsburgh * leased Co. of thereon dividends 11 Broad St., New York, 1,080,522 and rail shareholders'« tax Oil Lands— July 24 confirmed the report that it has Trees interests and Leonard Oil Development called for redemption as of Oct. 1, next, 4,452 5% cumulative preferred stock at $110 per has will 1,255,645 revenue Rand Mines, P. 194,167 *17,659 outstanding accrued ment 13,780 to dividend 243,864 York, p. 229. A its plus Gross 19,476,773 deductions *Rail 1,140,853 558,542 160, p. 51; V. 159, p. 2310. company share, funded on repayments 827,408 ' .;2,184,620 ' 975,639 San Antonio Uvalde & Gulf RR.—Earnings— Reading Go.—Earnings- on 2,071,685 Safeway Stores, Inc.—Calls Part of Preferred Stock— ! ; $142,894 29,867 *8,713 1,299,814 464,649 244,628 ' . income— oper. The 28,681,343 159,653,492 136,656,672 15,693,669 92,967,844 73.371,223 33,925,710 debt . 1 Phillips Petroleum Co.—Leases Additional J ^ ^ and Its subsidiaries for the 125,266,000 kwh., an increase the corresponding week of last year. for the company 1944 amounted to \ railway 1941 1942 $314,257 154,124 113,320 $417,779 243,995 125,318 121,616 48,138 railway shares, of _ - from 1943 1944 $310,158 railway income—! 102,105 disct. and $6,530,239 in income and excess and $4,176,568 for 365. p. ./ ./ • railway from Sub.)—Earnings— 1944—Month—1943 income- Operating expenses Express taxes & $8,301,711 $11,825,151 1944 estimated in month 1914 $ Int. June, $950,755 160, 1— Net dividends $17,203; Railway Express Agency, Inc. (& and 29,985 2455. p. Period End. May 31— Revenues for 1944, with Jan. Net quotations, expenses, in 30, oper. From $74,861 $67,209 •————• • $13,371,688 —: Note—Figures for*periods prior to y. f. ?***'* stocks.— Balance available for common Earnings per common share .: ry. 11,273 payable, $103,488; payable for securities purchased, $7,465; payable for shares of bene¬ ficial interest reacquired, $8,436; net assets, $9,805,943; total, $9,942,VrLiabilities—Accrued -.'—.m—$22,881,837 $24,435,710 7,341,383 7,123,860 —.!—! income,: ,* from from Net $86,135 gains or losses on securities, changes in net assets. June 30, Sheet, market at $2,231,365 $1,306,747 year.—V. . Other Gross Gross $9,434,671; cash in bank, $429,713; accrued interest and dividends receivable, $69,468; receivable for securities sold, $8,199; prepaid expenses, $485; total, $9,942,536. 4,864,703 taxes local and 5,401,810 taxes—: profits 8,095,731 8,975,076 5,330,576 8,303,774 8,358,522 taxes income Federal State of of 28,517 St. Louis San Francisco & Texas Ry.—Earnings— June— 26,995 14,517 ' $93,198 statement the of June compared taxes months six to 1 103,100 $8,330,228 $11,855,136 5,268 $1,494,126 ;— Jan. 161,163 16,678 % $2,236,633 fixed for deductions After profits not include realized or unrealized Assets—Securities ; 1944 - ' 1943 and other utility income— $96,434,278 $89,630,728 including maintenance—44,992,437 36,100,800 Operating expenses, Provision for depreciation Federal * 1942 , $81,727 18,247 for 29,614 $1,498,087 3,961 income— from avail, period $59,140 17,797 - Income *Does Ended June 30— Operating revenues Deducts, $8,843,000 or $63,929 $111,445 Income 547,248 1,468,473 — income Total Subs.)—Earnings— Philadelphia Electric Co. (& 12 Months management, the board, according to the before come income Net Total 1,787\721 3,167,551 income.__ oper. ry. 'Deficit.—V. ' to 31, 1944 of 20,666 on Balance will continue Net 1944—6 Mos,—1943 ; $90,779 capital stocks bonds _!_. Income, 2675. 2455. p. ; ; struc. charges Statement of Income for 3 Months Ended June 30 1944 1943 '• ^ Pepsi-Cola Co.—Split-Up Unlikely Now—; Regarding reports of a split-up in the company's stock, the man¬ agement stated that a split-up was under consideration by directors some time ago, but no action was taken on it. It is a subject which 1 March on share on 651,742 shares. a "■Net - . * - 159, ' $1.08 , equip.. & expenses Other reports net assets as of June 30, 1944, based on valuing at market quotations, were $9,806,000, equivalent to share on 689,366 shares of beneficial interest of $1 par value. a $13.57. V* « of Maint. Other owned Expenses Net income . wa,y Transp. expenses $4,235,417 . of $9,922,513 $58,672,860 $53,474,698 1,149,387 7,997,426 5,983,120* 1,554,429 10,634,371 9,106,625 2,912,177 18,999,822 16,639,807 485,886 3,200,856 2,835,668 2,219,955 8,169,065 11,752,035 $10,135,868 1,332,097 revenues— oper. Maint. Fund Interest income Other Total Putnam Fund of Boston—Earnings— (George) The - securities 1944—Month—1943 Period End. June 30— 'Bal. $7,311,415 3,075,998 income Operating Subs.)—Earnings— Earnings of System the acquisition of York, N. Y. ; The bonds called include $98,000 coupon registered bonds, the latter being called in registered bonds called in part, the trustee New way, 571 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4305 160 3V4% debentures due July 1, 1950, now outstanding, amount¬ $4,500,000, at 102'/at, together with accrued interest. Payment made at the office of J. P. Morgan & Co., Incorporated; trus¬ ten year ing to will be tee, 23 Wall St., York, N. Y.—V. New 160, p. 51. From Jan. 1— Pittsburg Shawmut & , — income.-- op.er. $104,906 10,376^ *14,332 railway from Net Net ry. 1943 $100,146 *3,027 railway from Gross Northern RR.- -Earnings1944 June— .r:; 1941 1942 $130,633 $133,823 30,999 51,334 33,157 3,611 18,250 719,604 151,533 •' 68,046 772,414 , 655,860 39,291 ■ railway from Net ry. oper. income.—; 1 *Deficit.—V. 160, p. 470. *36,528 'Deficit.—V. have directors declared accumulations of 169,849 81,046 on dividend of $1.37% per share on 5%% prior preferred stock, first a the Sept. 1944 June— >ross <fet ry. . oper. income.!. railway—_ from fet from railway—_— <let ry. -V. oper. 160, p. ? 135,420 161,093 $599,046* 205,631 156,785 $464,142 185,526 142,244 income— 50. 3,567,793' 1,124,622 832,389 Postal Service Bldg. Corp., 4,017,065 ' 1,542,115 943,492 2,958,363 984,572. 2,488,152 ' 900,815 782,068. 743,837 Baltimore—Bonds Called— for payment on Sept. 1, xl944 out of sinking fund- monies $19,000 of Baltimore Parcel Post Station lease-, hold mortgage 5%% sinking fund gold bonds due Marqh 1, 1949, and the balance were on July 19 called for redemption on the same date. Payment will be made at the Safe Deposit & Trust Co., trustee, 13 South St., Baltimore, Md.—V. 158, p. 583. » On July 567,202 303,828 170,783 193,343 57,627 railway..— 10,485,172 8,724,286 6,132,764 railway..—. 5>373,623 5,126,150 2,823,118 income— 51. 1,431,931 1,637,805 1,960,527 4,121,774 1,617,681 1,144,049 15, there were drawn t income,.. Net from Net ry: oper. —V. 160, p. Placed & Alexander, Privately — Inc. — Sinking Fund Company manufacturer of Loan curtain fabrics," effected July 31 by Goldman* Sachs & Co., a 15-year sinking fund loan of $1,100,000 from The Equit-i able Life Assurance Society of the United States at a rate of 3%%. The purpose of the loan is to reimburse the company in part for the funds recently expended in 3,238,595 856,006 48,390,416 31.471,543 . railway..— railway income oper. 1941 $5,199,404 1,231,520 17,597,264 13,276,824 ,. 8,124,674 5,020,214 160, p. 471. (R. B.) Semler, Inc.—Earnings— called been have Co.—Partial Redemption— redemption for as of Sept. 1, 1944 a total of first mortgage 5% bonds due March 1, 1959, at Payment will be made at the St. Louis Union Trust $2,606,300 100 Co., at The Chase National City of New York, 11 Broad St., New York, N. Y.—V. 160, interest. Period Ended Net June sales Net 1944— 30, —Month— —6 Mos.— $555,674 $2,910,255 •' profit - —- — 58,419 $0.15 after taxes, etc Earnings per share on 400,000 shares ccmmon__ sheet balance The St. Louis Public Service There of as cluding $464,929 cash and 30, June 1944, 302,850 $0.76 showed current assets, in¬ $1,200,000 U. S. Treasury tax savings notes of $1,800,225, of which $1,629,902 $2,322,500, and current liabilities of for Federal income and excess profits taxes. Other assets include a post-war excess profits tax refund amounting represented provision $302,909.—V. to 159, p. 2456. trustee, 323 North Broadway, St. Louis, Mo., or Bank of p. the 471. :,-;r • Period End. June 30Gross Cost, for Prov. taxes-- $641,088 $2,917,669 $2,235,042 467,575 380,715 1,883,771 1,364,320 $260,374 $1,033,898 $870,722 John 80,939 98,954 76,435 68,500 87,000 317,700 $102,605 taxes- 239,844 equivalent —V. after inc. eral $130,878 $536,305 $464,562 . Gross from ry. railway railway oper. income— 1944 $9,703,390 3,107,689 1,394,131 1943 $9,381,195 3,514,659 2,058,098 1942 $6,989,254 2,498,090 2,044,149 Aug. in Net from Net ry. railway—. income... 7,760,019 railway oper. Its all products for the first half A March of 1944 were 1943. The than ever history. capital 18. 1,119,804 . on 1 declared a dividend of 25 cents per share par $15, payable Sept. 15 to holders of record distribution was made on March 15, last, and Aug, stock, similar 15 and Sept. 15, 1943. B. B. Jennings Returns B. and Brewster Jennings will 50,700,980 17,469,603 10,988,476 36,169,831 10,746,487 8,487,578 27,469,200 7,062,429 5,098,226 resume Mr. . 55,890,982 16,486,139 from 1941 $5,207,276 1,572,364 ities From Jan. 1— Gross of Francisco Ry.—Earnings of Co. Only— - from Net Net 1943. 22 % higher than for the same period in manufacturing a greater volume of products is directors the on on June— business, sales Domestic company The 159, p. 1802. 1 announced that consolidated approximately Fed- taxes Aug. on annual return of 6% on the company's net invest¬ and compare with earnings of $15,000,000 for to an the in first half of the before Net President, Brown, the first half of 1944 are estimated, in advance of final accounting, at approximately $20,000,000. This is after allowance for all taxes, including excess profits taxes. These earnings are 89,880 21,313 21,183 A. earnings for ment 19,373 deplet Fed. 1944—12 Mos.—1943 25,684 charges.—' and Deprec. 1944—3 Mos.—1943 $216,162 and earnings Interest Pacific Co.—Earnings- $683,736 earnings exps. Inc.—Estimated Earnings, Etc. Socony-Vacuum Oil Co., . . St. Louis-San Powdrell ry. , 3,953,444 1,650,504 71,711,168 33,155,743 20,168,571 1942 $9,215,312 91,563 193,233 railway railway oper. from Net • $1,224,401 592,786 from Net —V. From Jan. 1— and 1941 1942 $1,456,140 from Gross 1,792.029 72,826,430 28,672,622 11,628,109 income oper. from Net 1941 $491,431 $801,888 St. Louis, Rocky Mountain & 1— From Jan. Sross 184,234 railway from 4et $663,946 236,247 $620,342 railway from 1943 , ry. railway From Jan. 1— 1942 1943 1944 from ry. of Pittsburgh & West Virginia Ry*—Earnings^ ; Net mrailway. from 343. St. Louis Brownsville & Mexico Ry.- -Earnings- . % fro Net p. 1944 1943 $11,304,051 $11,409,605 4,010,319 5,045,387 jyjjg Gross 332. June— Net Preferred Dividend— 1 to holders of record Aug. 18. Like amount was paid on March 1 and June 1, last.. In 1943, the company made the following distributions on this issue: March 1, June 1 and Sept. 1, $4.12V2 each; and Dec. 1, $5.50. Arrearages after payment of the dividend just declared will amount to $1.37% per share.—V. 159, P. 1868.' ' " - ' ' »' >. payable series, p. Seaboard Air Line Ry.—Earnings— Gross Net The 160, St. Charles Street RR.—Bonds Called— New Orleans Public Service Inc. above.—V. 75, 694,672 245,619 152,368 Gross Pittsburgh Steel Co.—Prior account railway. 1__ See From Jan. 1— Grojss from railway - Net from Gross the Jennings from Socony-Vacuum in 1942 to go to tanker operations for the United States subsequently for the War Shipping Adminis¬ resigned Washington to take charge of Maritime Commission and tration.—V. 159, p. to Directorate— has been re-elected a director of the company of the company's transportation activ-^ direction 2311. THE COMMERCIAL & FINANCIAL CHRONICLE 572 Co., Inc.—Tenders Sought— Southern Ice New York, N. Y„ will until 12 o'clock noon on Aug. 10, 1944 receive bids for the ^ale to it of Southern Ice & Utilities Co. first mortgage gold bonds, convertible 6% series, due Feb. 1, 1945, to an amount sufficient to exhaust the sum of $40,076 held in the sinking fund, at prices not exceeding IOOV2 and interest. —V. Broad St., 11 trustee, porate 159, p. 586. Exchange stock.—V. common authorized debentures has TelAutograph 1941 1942 railway— $41,757,585 $42,550,814 $30,583,070 $19,779,377 12,774,823 7,096,012 13,564,004 19,039,308 Net from railway5,702,881 4,734,316 3,623,1265,325,350 Net ry. oper. income— from Evander directors was From Jan. 1— Net from Net ry. —V. 75,977,908 92,074,844 9,551,738 railway— 33,227,960 income— 230. oper. 160, p. 102,352,063 57,564,464 33,197,457 28,963,524 20,765,755 158,856,893 244,856,065 225,819,887 railway from has succeed to of his the Chairman of director v. TelAutograph of the Underwood board Elliott board of since Howe railway. from Gross Net ry. ... income oper. $17,437,472 $11,424,666 8,018,518 4,232,670 3,723,275 2,632,156 $21,591,285 $19,701*229 8,825,255 9,166,084 _ railway- from Net 2,947,962 2,635,375 ... 1920. Sound ry. railway from Net 129 214,463 35,510,761 16,565,960 17,348,286 17,979,626 ... 1943 1944 E. Co., 1944 $2,256,670 780,646 Net from Net ry. 11,461,153 3,379,549 5,749,546 1,431,251 railway. 3,371,917 Income.— oper. From Jan. 1— Net Net ry. railway. from income oper. 1941 $1,213,225 517,316 Net ry. —V. 5,684,112 8,473,983 3,869,841 2,512,685 1,954,664 and interest well as 1941 $267,408 100,350 92,790 141,505 51,592 48,347 2,564,111 2,366,569 1,943,274 1,429,737 698,420 792,359 477,176 420,785 286,763 Nebraska The 427,577 237,461 that charges dismissed has Court Supreme effort no 615. p. Standard Oil iaries * •' « companies into Net Standard The Oil management the In President of the Standard Oil Co. of Louisiana and who recently was elected President of the Stand¬ ard Oil Co. of New Jersey, will head the consolidation of the two companies. M. W. Boyer, Executive Vice-President of the Louisiana company, will became a Vice-President of the consolidated company and will continue to be located at Baton Rouge. Sales activities will Rathbone, continue "For for be directed to many the years years many as at present. output of >;• u Louisiana the has company been "In chemical addition, purchases of Mississippi, refineries Louisiana the oil crude in important an of products. the Standard has company the States of source of through become, to supply oil its Arkansas Louisiana, crude the and eastern Identical, as far of and consolidation services as either to, company or are of operations relationships with, concerned."—V. result will the public 160, Staten Island Rapid Transit Ry. from Net from Net * ry, in Net $386,466 $209,208 215,614 185,745 63,613 from 127,916 26,029 1,769 Jan. 1— from ry. railway 2,619,929 1,937,821 1,106,888 1,220,128 839,631 237,114 from ry. •Deficit.—V. 489,361 13,894 •94,928 870,220 160, p. 52. Sterling Drug, Inc.—Expands Security Program- Hill, James than . All half employees President. Jr., of by the total Both estimated employees of the company, United States program —V. payments is 159, p. are affected by announced was phases cost is cooperative, are to on be met by Aug. but the company. the the the Underwriter program. United States. offering of and shares 204,075 the books Aug. 2 by Burr & Co., Inc., ($1 par) common in reduction officially Lave been the year, the stated of all number that the the company of 17,000 are in exception arrears of 50 and now preference shares on has the cents of the very bonds substantial outstanding, it is preference of $10 par 6% leaving outstanding share 38,555 of this is its preference company second 14,054 common shares of Thrift Stores Ltd.—V. 148, p. 892. i 5 :J i •m ( f ..!« -i t ■ ,'U i from & j , ¥%% the July \ Income > and mortgage first 1958, 1, reducing the out¬ '«< • Statement 1943 1944 X942 3,650,389 5,912,979 282,520 208,631,473 131,097,415 171,206,396 168,096,726 99,389.348 17,399,581 15,328,224 13,670,482 34,418,033 25,206,523 18,037,585 532,587 175,081 150,793 25,381,604 18,188,378 expenses— gen. operations income — (net) income Interest funded Prov. Prov. for Fed. 1,041,040 490,995 8^9,567 636,338 368,615 212,947 295,185 281,249 137,006 on prof, taxes for for foreign Prov. for war Equity tax in income norm, Prov. 575,016 626,454 687,789 -1+28,492,214 [13,853,843 5,535,673 3,098.383 3,350,804 indebtedness— for Fed. exc. 17,184 taxes, j f 3,220,000 contingencies income earnings 2,741,649 applic. to min¬ RR*—Earnings- Dividends 1941 $4,992,166 3,992,605 1,539,794 on Dividends 1942 $8,137,639 on 1.725,448 1943 6,377,988 2,846,422 1,162,092 67,413,196 35,128,224 8,703,112 27,010,041 42,109,106 18,006,413 8,539,271 65,845,561 30,637,424 15,030,565 22,270 6,912,466 1,554,841 2,604,364 stock preferred stock common Earnings per 2,604,364 439,725 $2.44 Nil •Including depreciation $3,848,048 in 1942. first for the of 5.321,515 while six months contracts in of 1943 1944 ' „ $3,943,022 1944, in 1943 provision not comparable with those reported This year the provision for renegotiation are included was the in $4,437,973 • tSales and net income before income taxes for of period of 1943. same war 1,758,907 $1.85 share—— common and 8.812,997 14,277 30,563 5,852,827 income Net 1.083.345 868,188 taxes losses the series A, Terminal with the provision for income taxes, from sales. tAfter all re-; deducted was Assets— have been June 30, '44 Cash listing of 6,040,000 6% and receivable notes accounts Goods as Dec, 31, '43 $22,232,709 $34,803,321 •Accounts Other Bonds—* Sheet ' Comparative Consolidated Balance of New RR. 1974.—V. 160, p. 53. due June lj first mortgage 30-year called for redemption outstanding and notes from customers 45,906,622 in Raw materials 2,020,922 16,712.648 (net) of manufacture process . receivables under vances Miscellaneous tNet 15,376,444 33,979.394 3,857,546 3,512,294 10,447.396 13.521,758 Supplies Cash, 47,855,054 1,940.346 21,174,753 14.773,430 32,909.940 receivable goods etc., assets Government relating ad¬ to contracts 5,116,033 4,745,256 55,173,243 787,920 48,619.341 investments properties, Prepaid and plants deferred and equipment —_ assets . 779,944 (Railway and Bus Operations) Period End. June 30— Operating expenses 1944—Month—1943 revenue Operating Total 1944—12 Mos.—1943 $1,724,783 $1,730,985 1,392,120 1,105,744 $19,597,712 $18,224,736 —$214,319,938$221,926,378 Net oper. ___ $332,663 revenues Taxes $4,717,596 2,285,809 $625,241 193,830 201,119 _ 12,936,837 14,880,115 Liabilities— $5,287,897 2,216,658 Accounts payable fAccrued Federal taxes Operating income Non-operating income- $131,543 $3,071,239 and other All Other accrued Advances $2,431,787 2,786 36,996 208,913 $440,555 $2,468,784 $3,280,154 Reserve 172,887 198.964 2,098,685 2,394,888 Reserve for General net ? income (railway and Minority bus)_ $38,557 $241,590 $370,098 $885,264 —V. 160. p. 53. contracts and bonds— Tide Water Associated Oil Co.—Extra Dividend— directors f . this In the 1943, Sept. 1 and following Dec. 15 1, payments cents made: were each; and Dec. March 22, 1, June year-end a of 1, 25 1.942', of accounts deducting +Afte>* in 11,827.164 27,786,330 $214.319.938$221,926,376 doubtful for 1943. $114,429,477 and 1944 17,590.920 11.827,164 reserves in 405.018 65,109.100 17,590,920 29,275,886 - •After 432,603 65,109.in0 — — Total $2.095 670 year. 982.701 5,945.354 in surplus surplus Earned 1,650.000 1,289.194 5,845,544 pensions—; capital stock and surplus of subsidiary companies— — 8% ncn-cumulative preferred stock ($100 par) Common stock ($10 par) Capital July 27 declared an extra dividend of five cents per share and the regular quarterly dividend of 15 cents per share on the common stock, par $10, both payable Sept. 1 to holders of record Aug. 10. Like amounts were disbursed on March 1 and June 1, on 13,521.758 31,725.000 1,788,702 , The 10.447.396 29,308.000 — trust 3%% collat. 5,475,320 8,190,764 re¬ insurance— interests 15,545,714 8,692,584 liabilities mortgage and for 10.366,685 contracts 6,440.773 reserves lated profits excess war taxes— Government under $431,351 9,203 Deductions Combined and liabilities $134,330 income $15,905,387 $16,171,233 income renegotiation of accrued First Gross in $2,535,921 depreciation 1944 and $1.1.7,.204.2$0 of in S. Treasury saviners notes of % After U. $44,234,812 for 1944 and $32,257,548 for 1943.—V. 160, p. 472. cents. Note Redemption The serial notes be Agent— which York, N. Y. redeemed were the at See V. Guaranty 160, Trust Co., Aug. 21 140 Broadway, trustee, June— Gross / Net railway railway from oper. ry. From Gross $429,148 $269,02c $212,846 254,388 246,088 119,315 74,812 213,114 income Jan. 1— 160, p. 27,709 212,455 87,309 2,686,787 2,401,683 1,150,156 1,572,034 1,3:8,116 331,550 1,314,623 520,802 1,258,276 1,213,305 168,820 suit York, the with posited Y., N. maturity +h«t Jan on will and bonds against 160, p. this corporation by the A 2% was 53. interest bonds 1, 1944, to be paid to the holders of 20-year general trustee, 100 Broadway, March on 1.—V. New York, 159, p. N. A distribution Y. of 587. made on 20. A'"*. this lurgical Northern Priestly Co., Electro Power Union Carbide P. Co. & tnu. i ... ; has fi p. U been elected Metallurgical and Carbon Gormely.—V. 160, ■ •."j Electric Lieht & P^we* Co. bonds, issued in laoq. holders nresentation of the unrm 77, p. 2288. share has been declared on aedount of accumu¬ partifi. preferred stock, par $100. Payable; of record on Aug. voted Union Corp. 472. Co. Carbide Mr. President of Co. Canada, of Electro of Ltd., Canada, Ltd., Metal¬ Michigan units 14, 1943, distribution was of $5 per share on similar A and one and Bank National amendment from comnppv to the by-laws increasing rine to eleven. J. A. Howd, ,riceH. H. Harris. President of the First of Richmond for Fiscal were added to the board. Years Ended June 20 1944 af'er pr~«it. —V. 158, taxes and prov. for conting— 19*3 $826,445 $978,376 2198. p. Virginian Ry.—Earningsfrom from Net ry. 194? 1949 lfl44 $2,322.or9 railway.--- railwav S1.65R ooq 579.213 1,119 995 457.453 615,102 830,829 13,512 anq 12 7QR 644 railwav—— 15 n70.47o 6.215.624 12,P28.'"?2 6!076!067 6.778.958 6.835.460 i"come_— 3,662.984 3,529,681 3.813,265 3,824,863 from Gross of Net from Net. r,r. income.^. railway—— oper. 160, p. 157. * r?M -'V :j. -f; 1,456.274 592,756 oper. From Jan. 1— Priestly succeeds the late Francis 1Q41 $9 901 1"0 957.646 June— —V. ■■V,1 +/'. An", 20, an directors t*o of Merchants & issue number Presideut Net, J. to 1942. stockholders The the Gross Union Carbide & Carbon Corp.—New Pres. of Units— William Com). has de¬ Broad St.. New cumul. holders to 28 per the on Aua. outstanding, on account of the coupon which has been fixed by the corporation at 3%, pay¬ presentation and surrender of such coupon at the New York made 1.1 principal nlus interest, to Directors—Earnings for Fiscal Year— dividend of $3 lation Nof of income Sept. Utica fund 50-vpn- pdve*mp in for cancellation.—V. coupons Tyler Building Corp., N. Y. City—Interest Payment— Co., The of sinking naid Results able upon Called— Powe^ trustee. of the payment 1°50. 1. 5C> he —Two New trustees of Union College, Schenectady, N. Y., Equitable Holding Corp., Frank Bailey and Marie Louise Bailey, was dismissed on July 31 by Judge Paul Leahy in United States District Court at Wilmington, Del. The plaintiffs, holders of 1,137 shares of non-cumulative class A Trust Bank, National for Yyk New Virei«;a-C°rolina Chemical Corn.—Prof. Dividend brought rate Central the Chase $620,925 mortage amount 124. stock.—V. 232. 200,845 ■ Tubize Rayon Corp.—Suit Dismissed— A P«r outtsanding.—V. 160, p. announced is It first railway Net from railway— Net ry. oper. income $10 Utica Electric Light & Power Co.—Bonds $443,304 from at purchased of 58,226 shams of the comnany's share wpre pxereised prior to July 1. leaving the for warrants 298,790 1941 194*> 1943 stock irton Earnings— • 1944 from Warrants on 472. p. Pictures Co., Inc.—Warrants Exercised— Universal recently called for payment Toledo Peoria & Western RR. » v.; of due Sold 28,498 Third Avenue Transit Corp.—Earnings of System— shares. stock since July 4, 1932, paid on account, leaving Common stock outstanding 12.000 Profit Total gold bonds, due of Sept. 1, 1944, at 103 and interest. Payment will be made at Continental Illinois National Bank & Trust Co., trustee, Chicago, 111.—V. 159, p. 586. v ^"7"^ • ■ ■:X. • ^ j v/.U;/>';:;%■ / ' preferred per A, turns, discounts, excise and sales taxes, transportation and allowances. 1956, mortgage mortgage a $2,417,000 series 34,950,620 goods admin. been shares the Approximately $6.70 per share in arrears. amount to 49.845 shares^ Principal asset Investment in 8.243 first preference shares, chares and second made of $98,976 Pacific-Missouri Pacific 1. matures first •Cost Selling, 54,969 $11,385,482 $11,602,847 income the manufacture tires at the request reconversions of the major ority interests in subsidiaries railway-.-— of according to announcement made for the banking group.—V. 160, p. 230. purchased and cancelled, Dividends with redemption of this first from of building the 223,024,010 593,483 mortgage bonds, The Following plant the to of Total 385,047 railway All mon has Claire Eau plant revenue 39,147 1,259,303 that t2l9,373,621 202,718.494 130,814.895 operating $134,639 5,315,094 Sept. closed, Stop & Shop Ltd.—Redeems Part of PreferredIn April Other 1941 stock of the corporation, sought to enjoin the company from en¬ forcing an amendment to the certificate of incorporation which changed its class and common stocks into a single class of new com¬ • stock Wise., $Net sales $1 Sterling Engine Co.—Offering Completed— The of the * 85,870 Texas Power Corp.—To Redeem 6% by 1 more .tjr v 55,761 ; out and the reconversion will be finished soon. operation, in Claire, one bonds, \. Finished —V. its subsidiaries and affiliates in the Equitable Life Assurance Society of the 2568. oversubscribed $183,773 income oper. Texas Expansion of its employees' social security program to include a broad hospitalization plan as well as liberalized life insurance coverage smaller the Orleans—Listing of 3%% Mortgage Bonds, Series A— new with Funds pay —V. 160. p. 52. 110,947 647,672 railway income trust 1,202,117 railway from Net Net oper. is retired company collateral 93,808 railway oper. Net 36,809 115,662 of over 50,667 1944 from Gross $163,674 income— Net to -Earnings— $495,398 placed Eau ammunition arms Prov. will railway—— Net p. Co. From Jan. 1— in the territory 366. p. railway—— from Gross 159, 30, June pointed beard, the ended months six the of standing amount to $29,308,000. 124. p. Y. N. -With its increased tire production, the Fisk plant will produce approximately 15,000,000 pounds of tire materials a month which is nearly double its previous capacity, it was announced. 1, 1944, 1942 income oper. Net ry. change no oper. From New the first mortgage issue 2568. 1943 income New Gross of $205,469 railway railway railway 160, Gross Oil Company of New Jersey. It is, there¬ fore, natural that the two companies, in order* to carry on most efficiently this large volue of interrelated business, should be con¬ solidated. The general business policies of the two companies are Chairman been the Government -Earnings- . quantities of the Baton Rouge refinery's output have been disposed of through the marketing facilities of the Standard Oil Company of New Jersey, this being particularly true during the last few years when the Louisiana company has become such a large producer of and of maturities. Trust Guaranty coupons 1939.—V. 1, June— greatly in excess of the amount of products which it could sell in the territory where it has marketed diiectly to the public, namely, the States of Louisiana, Tennessee and Arkansas. Increasingly larger aviation Oct, on the prior of coupons with bonds and from from territory. Louisiana J. "M. unpaid deposited railway oper. ry. Co. of New Jersey. headquarters local Co. From Jan. 1— at change in the organization at Baton Rouge, La., pres¬ of the Louisiana company, is planned. The same will continue to handle the affairs of the company material "No ent of Louisiana Co. the Standard Oil of Trust 1944 from ry. the end of the current year. is now a wholly owned subsidiary corporation one the trustee to pay the principal as ' principal domestic operating subsidiary of Standard Oil Co. (New Jersey), on July 27 said: "An agreement has been reached between the Standard Oil Co. of Louisiana and the Standard Oil Co. of New Jersey to consolidate the the two been outstanding from Gross Net Subsid¬ Standard Oil Co. of New Jersey, of the President Rathbone, J. M. Y.( York, New Louis—Pays Bonds— Guaranty the first consolidated mortgage bonds due Aug. on June— 3%% (New Jersey)—Merger of Co. the The New York Stock Exchange has authorized the ' - _ with deposited Texas & New Orleans to gain any financial advantage through the sale of the assets," that "they acquired no interest in the new company either by gift or purchase," and that "they acted for the best interests of the stockholders." v The decision reversed a District Court order directing Henry W. Pierpoint and Morse C. Palmer, officers of Standard of Nebraska, and the company to pay to stockholders $1,465,180 with 6% interest from August, 1939, plus $4,500 for services and costs. The conspiracy suit was filed by Edgar H. Rettinger in behalf of himself and other stockholders against Pierpoint, Palmer and both oil firms.—V. 156,made pany for report Jr., Just changing small Other con¬ a "has expansion of 223,767 Texas Mexican Ry. —V, existed in the sale of the old Standard Oil Co. of Nebraska to Standard Oil Co. of Indiana. The court held that "the officers and directors of the old com¬ the on Davis, Consolidated been matured Net spiracy and The outstanding as also which Dismissed— Standard Oil Co. of Nebraska—Suit have Broadway, 140 agent, war.' 1942 $363,002 income oper. Net below.—V. 152, p. 3828. (New Jersey) Standard Oil Co. See B. of 1943 Terminal RR. Association of St. 1,078,693 Louisiana—To Merge— F. 160, p. 124. Gross Standard Oil Co. of commenting "The 270,585 railway redemption 367. continued, a Co.— tr 76,310 railway Co., p. 6 Mos. Ended June 30— 160, p. 52. —V. from from 334,779 _ railway: from Gross Trust 160, Schley $537,045 income— oper. remaining 1942 $1,624,937 821,910 572,404 330,576 11,941,976/ railway from 1943 $2,035,146 962,162 352,172 June— anty From Jan. 1—• Gross have Ry.—Earnings- Spokane Portland & Seattle Gross ry. participating cumulative S3 and B. Inc., Permutit 132,289 York, 140 Broadway, New York, N. 91,354,255 6,366,579 190,511,292 6,558,0l9 - — the $421,425 railway railway Funds 1943 S 1944 6 : $ $ earnings Net Jan. 1 to July 21— —Week End. July 21 Period— Gro«3 64,064,550 23,335,306 14,817,278 89,875,646 57,363,822 _ income oper. 120,669,729 52,668,872 railway- from Net and Co. 1944 from Net From Jan. 1— Gross to annum —V. of from shares of share, plus accrued dividends at rate of $3 per share per said redemption date. Payment will be made at the Guar¬ company's $25,000,000 program to increase tire facilities for military requirements and for essential civilian needs is nearly completed. "The enlarged Fisk plant at Chicopee Falls, Mass.," Mr. Davis Central Ry.—Earnings— Tennessee Net 1941 1942 1943 Fisher ■ June— 1944 per 1944, been elected a member of the board of brother, the late Kenneth B. Schley, who 2458.'.yyyy-% r^-r- 159, p. Gross Southern Ry.- -Earnings— June— $65 United States Rubber Co.—Semi-Annual Report— Corp.—New Director— Schley member a also is B.- 1, 1944 all of preferred stock corporation has called for redemption as of Sept. outstanding at 160, p. 472. " Gross The its In 1943 1944 York New shares of June—O', Stock the listing of $13,000,000 15-year 33A% sinking fund due June 1, 1959 which are issued and outstanding: and 771,991 additional shares of common stock (par $1), upon official notice of issuance, to be reserved for issuance upon conversion of the corporation's 4'/2% cumulative convertible preferred stock; making the total amount now listed or applied for: $13,000,000 33Ac[o sinking fund debentures and 3,733,489 The Southern Pacific Co.—Earnings— Gross United Chemicals, Inc.—To Retire Preferred Stock—r Sunray Oil Corp.—Listing of Debentures— / York, successor cor¬ City of New of the Bank National Chase The Monday, August 7, 1944 V I Volume 160 Warner Co.—Refunding ' plan funding 4r'c mortgage refunding 1S51, as Share special meeting on July 31 approved the re¬ which calls for the issuance of $4,000,000 of 15-year bonds to the Penn Mutual Life Insurance Co, and the Warner Co.'s $3,534,000 outstanding 6% bonds, due in as the short-term lien of $345,000 on properties owned at stockholders The of well stock, like A each Lime & Stone Co.—V. 160, p, 54. $1 Interest Payment per due amount West Penn Power Co.—Calls Series "E" Bonds— outstanding first mortgage 5% the Bank of York, N. Y. - at Net Net 159, 2680. p. from Net ry. —V. railway income— oper. 295,836 11,254,169 4,088.451 1,342,488 9,791,111 3,525,301 2,000,807 Trust 368. - ... , - Net from ry. New Building— Western Electric Co., Inc*—Leases Total $1,783,195 $11,068,363 Net from 6,714,385 Net ry. $3,028,084 $3,213,377 176,212 339,120 railway revenues- $567,564 income)— 232,120 (Fed. Taxes // 645,215 105,755 113,034 (other) The new has crete, ""Net Hire <613,229 total a floor space $1,834,533 — $222,410 $355,705 $2,043,749 Cr8,406 Drl5,474 Crl7,108 Dr31,953 I)r73,010 Drl65,951 oper. income- $215,342 $340,860 $1,804,788 $1,681,909 (net)— 4,343 1,727 Brll5,797 22,774 $219,685 9,790 1 $342,586 10,967 taxes facility . Cr29,306 Drl81,930 Other ry. income company, the avail, Inc. June— p ; - Net debt ry. tFixed 1942 1943 1944 $445,344 $365,537 194,778 164,150 55,246 77,234 19,005 Jan. 1— from from Net 1,855,206 $331,619 $1,628,800 723,695 defense $2,657 i $16,485 28,601 170,133 170,287 23,819 26,026 138,952 156,788 101,466 . Public Commission Utility held and the Securities and the name York preferred and common, of the Power Co. to be contributed ior all stock, both provides Glen PA NJ NY for Rock Electric Light & to the latter's subsidiary, of Glen Rock to be Metropolitan Edison Co., changed York to Edison and Co. j would be liquidated and its utility sub¬ sidiaries merged with Glen Rock. The enlarged company will operate being accrued on corporate books but not tDoes not include interest being paid currently.- 160, p. 473. publicly Commission. plan affiliated by deprec.^ 3,186 provision The 28,356 prop, the on shares. Arrearages on the latter issue totaled July 1, last. The plan also will be filed with is made for the remainder of the preferred stock which is owned by NY PA NJ Utilities Co., or for the common stock, of which all but 92 shares also is owned by the latter company. $.15,678 Road 230,265 333,259 of on Pennsylvania dividends accumulated preferred share Exchange $1,635,604 projects: $2,193 $209,895 amortization Equipment (in excess of normal depreciation) 1,088,578 1,137,207 330,708 282,883 income___ oper. ry. —V. 2,611,178 2,794,572 1,049,326 railway railway after fixed chgs.- ^Includes Road Net the 43,623 46,858 Net $189,910 178,804 income— Amended Plan— an and par a No J:-]' Gross $1,704,684 69,079 $1,688,991 60,191 of par) $18.75 1941 $473,385 oper. From charges value / - railway from Net . railway from Gross ■: v, charges Alabama-—Earnings— Western Ry. of fixed for 8,265,416 2,611,417 1,452,923 under Section 77 B of the Bankruptcy Act. The terms provide for payment at face value of the $4,432,000 outstanding and for payment of the full liquidating plan funded ($50 157. p. 8,631,158 4,026,414 160, p. 54. organization of Net 5,738,042 2,084,418 income— operating unit in the Associated Gas & Electric system controlled directly by NY PA NJ Utilities Co., has filed with the Federal District Court in Philadelphia an amended plan of re¬ equipment— rents after of Joint trustees. built of brick and reinforced con¬ of about 196,000 square feet.—V. 160, 19,762,940 $1,593,283 ; 605,884 403,336 14,666,055 6,848,911 5,252,335 684,467 16,775,964 railway railway— oper. The Farmers Trust Co., as plant, six-storied and 250,975 income— 1941 1942 $2,922,076 1,487,353 1,191,311 $3,392,115 1,514,012 York Railways—Files '■ City Bank 1943 544,210 763,615 —-V. Net Taxes from Gross $9,927,762 8,040,280 $637,672 1,370,440 expenses the 1— Jan. "1,145,522 $1,938,004 revenues *Total leased the Lane Bryant Building, 529 West 42nd St., New York, N. Y., for the manufacture of electronic equipment for the Armed Forces. It is estimated that' approximately 2,000 people will be employed when full production is reached in the late Fall or the first part of 1945. This location becomes the fourth manufacturing plant of the com¬ pany in the metropolitan New York area. The lease runs for five years and the lessor is Lewis Spencer Morris, John D. Peabody and 25 that this company recently July announced on was of award RR.—Earnings— $2,449,669 railway railway oper. From 1944—6 Mos.—1943 1944—Month—1943 the Minneapolis, won trustee. 1944 from Gross > , Period End. June 30— as Yazoo & Mississippi Valley Net - Co. June— Wisconsin Central Ry. Co.-—Earnings-— It & trust 351,798 „ railway 160, p. 1941 $1,938,416 792,699 ' 12,220,927 13,303,899 4,369.873 5,556,973 * 1,614,503" - 1,823,202 income oper. from Gross receive the full redemption price, plus —V. ry. 1942 $2,181,235 908,198 264,926 $2,067,797 623,280 of certificates up for sale by Central Hanover The winnig bid was 103.2256 for the certificiates which carry a 3 coupon and mature $125,000 each Jan. 1 and July 1 from 1945 through Jan. 1, 1947. The certificates are dated Jan. 1, 1937.—V. 160, p. 473. • . equipment Bank -1943 1944 • $2,186,111 813,711 297,736 railway railway— From Jan. 1— 1944 and thereupon will be entitled to accrued interest to Sept. 1, 1944. prior to Sept. 1, time any ■ said of Holders from of New City from Net been called for redemption as of Sept. 1, 1944, Payment will be made at The Chase National York, successor trustee, 11 Broad St., New : .< . :v; v " ■ bonds may, at their election, surrender the same and 105 at gold bonds, series E, dated 1916, have interest. 1, March ' June— Gross ' bonds of 1949 which were Awarded— Bank National First The $625,000 Wheeling & Lake Erie Ry.—Earnings— All of the in Equipment Issue (compare V. 159, p. 488).—V. 160, p. 473. quarter during 1943 Minneapolis has authorized payment interest coupons on the 47o January and July, 1937. 21 of Aug. par $50, f- Authorized— The Federal District Court in on on stock, par Pay July 26 declared a dividend of $1 per share on the $50, and on the 77c cumul. and partic. preferred both payable1 Aug. 31 to holders of record Aug. 8. was paid on Feb. 29 and Mav ?x, this •"ear, pM in The directors common Co.—To Mfg. & Common and Preferred Shares— on a by its subsidiary, the American Electric Westinghouse Approved— 573 & FINANCIAL CHRONICLE THE COMMERCIAL Number 4305 ; from •j;- -;..:V,'- Railways Co. York, Pa.—V. then 159, p. 2126. State and City Department BOND PROPOSALS AND NEGOTIATIO N S ARIZONA South Tucson (P. Bond Sale The sale of O. Tucson), Ariz. Not Consummated— $9,500,000 utility pur¬ Robert report chase revenue bonds to the E. Schweser Co. of Omaha, which of a in v. 159, p. refunding of the city's outstanding bonded indebtedness of $1,170,000 to approve a crue Tucson is also interested in purchasing the utility. after the above designated' at a Los Angeles County, Lakewood School District (P. O. Los In per mature Jan. and of new district's than the rate the the the 474—it is reported that the dis¬ plans to make a new CALIFORNIA offering of bonds in the amount The reduction was California Toll Bridge Authority of $183,500. made necessary because of a de¬ (P. O. San Francisco), Calif. Bond Call—The fiscal agent of cline in the district's assessed val¬ the Authority, the San Francisco uations, occasioned by the re¬ Bank, calls for payment on Sept. moval from the tax rolls of the now may in The place be plan will city on a more sound the Due July 1, as fol¬ System. $1,000 in 1946 to 1949, $4,000 in 1950 to 1957, $30,000 in 1958 to 1963, and $34,000 1964. g Dated July 1, 1944. Denomina¬ tion $1,000. No option of prior which will also payment is reserved. Rate of in¬ stabilize real estate values in the terest to be in a multiple of Vi of city. 1% or not less than one-tenth of The bonds will be refunded 1%. Principal and interest pay¬ through a refunding agent which able in lawful money at the Chem¬ will contact present bondholders ical Bank & Trust Co., New York. and make arrangements for the basis financial various San Francisco- Douglas Aircraft Co. property. Registerable as to principal only; Toll Bridge revenue The valuation is now given as exchange of the bonds. It is con¬ general obligations; unlimited tax 4% series sinking fund revenue $6,409,440. sidered that the bondholders will levy. The bonds will be prepared Annexation Sought — Petitions readily exchange their old bonds coupon and registered bonds, ag¬ under the supervision of the Con¬ gregating $1,850,000, drawn by lot are being circulated for annexa¬ for the new ones inasmuch as the 1944, 1, Oakland Bay for redemption. tion Sept. 1,1976. Due j Q, bonds, or the portion thereof called for redemption will Said be redeemed date at amount plus thereon. - Said bonds hereby called for re¬ demption must be surrendered on said redemption date (with, in the case of coupons bonds, all interest coupons maturing on or subse¬ quent to said redemption date, and with, in the case of registered bonds, or coupon bonds registered principal otherwise than as to bearer, properly executed in¬ struments of transfer) at the prin¬ cipal office of the paying agent, Bank of America National Trust and Savings Association, City and County of San Francisco, State of California, or, at the option of the as the entire- Lakewood School District, to* respective holders thereof, at the principal office of the collection agent, the Chase National Bank of the City of New York, for re¬ tinental new bonds will be a sounder in¬ vestment. according to re¬ port. The Long Beach Board of said redempion Education is agreeable to the pro¬ of the principal posed annexation, it is said, as it accrued interest would simplify bookkeeping, inas¬ on 106% of School District to the Long Beach Validation Hearing — A thereon. the validation pro¬ for $119,500 refunding bonds of the Town, will be held much as Lakewood is already part on Aug. 19, before J. C. Kounce, of the Long Beach High School Circuit Judge, according to press District. reports. ■ ; ■ " , -, • *. • I The consolidation, if the peti¬ The refunding bonds, which are tion is sufficiently signed and ap¬ of the issue of 1943, dated Dec. 1, proved by the Board of Super¬ 1943, would refund and retire a visors following a hearing, can¬ like amount of outstanding bonds not be made effective until July and past due interest coupons of 1, 1945. This means, it is said, that the issue of 1938. unification of the two school sys¬ The new bonds would mature tems cannot be completely ef¬ on Dec. 1, 1973, subject to prior fected until July 1, 1946. . redemption, and would bear in¬ terest at the rate of 4%. hearing ceedings on COLORADO Alamosa Paving called for payment on Aug. 1, bonds Nos. 66 to 68, dated Aug. 1, 1930. & Trust Co., New Comparison of bids will be made by terest to taking the cost of in¬ City at the rate the named in the respective bids and deducting therefrom the premium bid, or adding thereto the discount under par. All bids must be un¬ conditional. The bonds will be de¬ livered to the successful bidder on or about 20 days Continental New after sale, at the & Trust Co., York, or elsewhere as may arranged between the be mutually City and the purchaser. bid on all or on one or more of the three series of bonds, but separate bid must, in all cases, be made on each series bid upon, a Fla. in conformity with provisions of Offering—C. W. Tomlin- the bidding form. Bidders may City Clerk, will receive seal¬ submit alternate bids at different Bond son, ed 11 a.m. on Aug. 16 rates of interest, but all of the purchase of $1,670,000 not bonds in a series must bear the exceed 31/2% interest coupon same interest rate. No bid will be bids until for the to Supreme Court, and the success¬ ful bidder will furnished be the approving legal opinion of Cald¬ well, Marshal 1, Trimble & Mitchell, of New York. Enclose a check bonds bid for, for 2% of the payable to the City. Tarpon Springs, Fla. Bond Tenders Invited—W. D. Fletcher, City Clerk, reports that the Union Trust Co., of St. Peters¬ burg, as Trustee for the city, will receive sealed tenders until 10 Aug. 29 for the sale of re¬ funding 1-5% bonds, dated Jan. 1, 1939,"due Jan. 1, 1974, to the City for cancellation through its Sink¬ ing Fund which now has approxi¬ a.m. on mately $15,000 for such purpose. Tenders must describe the bonds tendered by numbers and denomi¬ nation and must state the price at which they are offered. No tenders in excess of par will be accepted. interest will be Accrued paid to and including Sept. 1, 1944,' on purchased. Bonds will be purchased to the extent funds are available beginning with those tendered at the lowest price. No¬ all bonds tice of acceptance of tenders will promptly. Accepted bonds with the coupon due Jan. I, 1945 apd subsequent coupons at¬ tached/are to be delivered to said Union Trust Co., of St. Peters¬ be given burg, for payment. HAWAII Honolulu : A bidder may Court, which de¬ affirmed by the Florida was Bank Miami Beach, Dist. No. 1, Colo. City Treas¬ Bonds Called—The urer Bank York, which will certify as to the genuineness of the signatures of the officials and the seal impressed Groveland, Fla. Plan cree lows: in refunding decree of Circuit certified city to pay. new to 250,000 Sanitary Sewer Pumping few years be impossible a for the on very 1957, $60,000 in 1962, and $70,000 in in 1963 and 1964. which a will 1949, $6,000 in 1950 to 1956, 1958 so and it increases to a point course interest with in $11,000 short higher bonds that in the Due July follows: $1,000 in 1946 1947, $2,000 in 1948, $3,000 said bank, or by the above Clerk. The bonds have been validated by as and The rate of interest on the pres¬ the connection 1, annum. year and $130,000 in 1964. 500,000 Water Supply. 1, 1975. increases each 1962, and 1963 to be dated July 1, time $225,000 not to exceed 5% inter¬ est bonds offered July 25—v. 160, p. 3% of are Offer Smaller Bond Issue- failure to receive any bids for trict rate ent bonds Angeles), Calif. To flat The bonds 1944 proposal providing for municipal acquisi¬ tion of the properties of the Tuc¬ son Gas & Electric Co. The City portions thereof, hereby called redemption shall cease to ac¬ redemption date. not electorate of the for in 000 ed, according to press reports. The new plan provides for the been consummated, result of the refusal of the 488, has as appeared equal to such unredeemed portion. Interest on all such bonds, or (City and County), " Hawaii Bond Sale—The syndicate com¬ posed of the First Boston Corp., Lee Higginson Corp., Merrill Lynch, both Weeks Pierce, Fenner & Beane, New York, Whiting, Stubbs and F. Brittain of & Kennedy & Co., both of Boston, was awarded the $1,500,000 2Y2% Board of Water Supply revenue bonds, offered for sale on July 25 accepted for less than 97 cents on ——v. 160, p. 370—at 109.169, a basis the dollar of par value and ac¬ of 1.87%. Dated July 15, 1944. De¬ $920,000 Bay Shore Golf Course. Dunedin, Fla. Due July 1, as follows: $1,000 crued interest thereon, and any nomination $1,000. Due $60,000 Refunding Resolution Passed— said redemption price. On presen¬ bid not complying with the terms in 1946 and 1947, $4,000 in July 15, 1949 to 1973. The City Commission passed a tation of any registered bond to be of the notice of sale will be re¬ 1948, $5,000 in 1949, $10,000 resolution at its regular meeting, Bond Call — D. L. Conkling, redeemed in part, there will be The issuance of these in 1950 and 1951, $12,000 in jected. issued in lieu of the unredeemed recently, placing into effect a new Treasurer, reports that Honolulu 1952 to 1955, $20,000 in 1956, bonds was approved by the quali¬ bond refunding plan which will portion of the principal thereof a fied freeholders of the City on will exercise its right to redeem $21,000 in 1957, $110,000 in save the City over $500,000 inter¬ new registered bond or bonds of and pay on Aug. 24, 1944, $500,000 1958, $100,000 in 1959 and Apr. 4, 1944. Bids must be upon est during the life of the bonds, if the same series and maturity, of 5% bonds Nos! 501 to 1,000. Dated 1960, $110,000 in 1961, $120,- printed forms to be furnished by all outstanding bonds are refund¬ an aggregate principal amount demption thereof, or the portions thereof called for redemption, at FLORIDA bonds, as follows: THE COMMERCIAL & FINANCIAL CHRONICLE 574 April 15, 1924. Denomination $1,Due April 15, 1954. The Treasurer is prepared to pay said bonds, together with all interest accrued thereon, and holders of Board of the School and Civi Estabrook & Co., Goldman, Sachs Townships recently determined to & Co., Barr Bros. & Co., Chas. E. issue $395,000 not to exceed 3% Weigold & Co., and Union Trust interest land purchase and build¬ Co. of Maryland, Baltimore, for ing improvement bonds. Due in Is, at a price of 100.32. Other bid¬ these bonds should present same approximately 15 years. ders were: Bankers Trust Co., for redemption at the Treasurer's New York, National City Bank, IOWA office in New York, Northern Trust Co., Honolulu, or at the Chemical Bank & Trust Co., New Chicago, W. E. Hutton & Co., B. Algoma, Iowa York City, on or before Aug. 24. Bond Election—An election has J. Van Ingen & Co., Lee Higginson Corp., Braun, Bosworth & Co., Interest ceases on date called. been called for Aug. 14 to vote an issue of $40,000 airport site ac- Inc., Laurence M. Marks & Co., and Owen Daly & Co., for Is, at ILLINOIS quirement and maintenance Bond District, III. R. J. Dunham, the Park District, Park Call President • ••• /. -• •« , *'>/■ — of ''7 . -.V/".: 7-7 Carroll, Iowa Bond Offering—Louise G. Hol- calls for payment at par and ac¬ ley, City Clerk, will receive sealed 1944, and open bids until 8 p.m. on Aug $265,000 2y*% refunding of 1941, 14 for the purchase of $55,000 air¬ Series H, bonds, Nos. H-266 to No. port bonds. Dated Aug. 1, 1944 H-530. On presentation and sur¬ Due Nov. 1, as follows: $2,000 in render of said bonds on Sept. 1, 1945 and 1946, $3,000 in 1947, $2,1944, the bonds so called and all 000 in 1948, $3,000 in 1949 anc interest coupons due on and after 1950, $2,000 in 1951, $3,000 in 1952 Sept. 1, 1944, thereto belonging, to 1956, $2,000 in 1957, $3,000 in at the District Treasurer's office, 1958 to 1963, and $3,000 July 31 or at the First National Bank of 1964. All bids shall specify the Chicago, payment for said bonds rate of interest and all other interest crued shall be Sept. on made 1, the to holders thereof; and the privilege is tended holders to of the ex¬ bonds called, to present them with in¬ terest coupons due on and after Sept. 1, 1944, thereto belonging payment prior to that date, namely at any time on or after for July 28, 1944, and holders will at par and accrued interest and the low¬ est rate of interest preference. same terest is payable Sept. 1, 1944.Dated March 1, 1941. De¬ nomination $1,000. Due March 1, as on will These are be given the bonds authorized at the election held Feb. Bonds will 28. sold be on sub¬ ject to the approving opinion of Stipp, Perry, Bannister, Carpen¬ Ahlers, of Des Moines. ter & receive in full payment the amount of principal and in¬ once Iowa City, Iowa Sale—The $60,000 airport bonds offered for sale on July 27 Bond were awarded to Wheelock & Cummins and the Carleton D. Beh 1961. De Witt Bond tion things being equal, the bid of Township (P. O. De Witt), III. Sale with Details—In the connec¬ in v. 160, p. 370, that C. E. Bohlander & Co., of Bloomington, had contracted to purchase $30,000 road bonds as 2%s, G. W. Taylor, Township Clerk, reports that the bonds are dated March 1,1944, in denomina¬ tion of $1,000 each and mature report $3,000 -ih 1948 to 1957, Co., both of Des Moines, as Is, paying a price of 100.016, a basis of about 0.997%. Dated Aug. 1, 1944. Denomination $1,000. Due Nov. 1, as follows: $2,000 in 1945 and 1946, $1,000 in 1947, $3,000 in 1948, $6,000 in 1949, $8,000 in 1950 to 1954, and $6,000 in 1955. been called election Evanston, III. Bond Sale—The $110,000 water bonds offered for sale on Bond Sale Details —In Madisonville. tion with the sale of the $82,000 4% swimming pool revenue re¬ funding bonds to the White-Phillips Co., of Davenport, report of which appeared in v. 159, p. 1491, Mrs. August N. Brissman, City Clerk, reports the bonds were Interest revenue July 31 — v. 160, p. 476 — on were awarded to D. P. Newell of Maysville as 3V2S, at a price of par. Dated Aug. 1, 1944. Due Aug. 1, as follows: $500 in 1946 to 1955, $1,000 in 1956 to 1972, and $1,500 in 1973 and 1974. , , f at a MARYLAND Bond Sale , gym¬ — The The $48,000 notes — on July 28—v. 160, and Salem, Mass. $38,000 Sale—The street Aug. 3 were awarded to Tyler Co., of Boston, as %s, paying a price of 100.333, a basis of about 11.69%. Dated Aug. 1, 1944. Due Aug. 1, as follows: $4,000 in 1945 to 1952, and $3,000 in 1953 and on & 954.1 Other bidders were as be all Int. Rate fol- Corp % % . North re¬ Price to to the 1 100.215 Whiting, Weeks & Stubbs. 1 100.179 — the in¬ bear purchaser $1,400,000 refunding bonds offered for sale 160, v. — 477 p. — on were The next highest bidder was the Securities Corp. of New York, Harvey Fisk & Sons, and Fox, Reusch & Co., at a net in¬ Union ■[ , terest cost of 1.641%. Merriman, Neb. To Issue Bonds — Board of Trustees has its of intention to The Village given notice issue $10,000 1 2%% refunding bonds.. Platte Valley Public and Power j an , $400,000 Revenue (McCook Divi- < ; sion) Bonds. Dated Sept. 1,;; 1944. Due $12,000 Mar. and ? $13,000 Sept. 1, 1945 to 1958,., and . District, in whole or in A part, on Sept/1, of any year, ? prior to maturity in inverse order of maturities upon pay-,;] ment of par terest and 'j; $2,500, payable • '. Gallatin (P. ; : 7 • ■ County Sch. > Dist. No. - . 3 O. Manhattan), Mont. 1956 to 1958 and District, and the Bond Call—V. M. Johnson, Gen¬ Manager of Consumers Pub¬ District, calls for pay¬ on Sept. 1,1944 all outstand¬ ing" 2%%, 3%% and 3V2% reve¬ nue bonds, of Gothenburg Division, Nos. 13 to 400, to the amount of $376,000, except bonds Nos. 289, 306, 323, 328 and 344, which were called on June 1, but have not as yet been presented for payment. Dated June 1, 1941. Denomination JLJd $1,000. Holders of said bonds are requested to present same at any $10,000 Feb. J $88,000 Aug. 1, 1959. Said 7 bonds may be redeemed qt X option of the District in 7l or in part on Aug. 1, of, year prior to maturity, in ,7 whole eral lic Power electric 1, 1944. Aug. 1, Gothenburg Division (P. O. Columbus), Neb. ment Public the Due $8,000 Feb. and 1945 to 1947, $8,000 ,? Feb. and $9,000 Aug. 1, 1948 > to 1950, $9,000 Feb. and Aug. ' 1, 1951 and 1952, $9,000 Feb. and $10,000" Aug. 1, 1953 tb-: t 1955, $10,000 Feb. and Aug. 1,7 > j NEBRASKA Power Consumers District of its McCook Division. ing plant and replacement bonds. Public purpose the ,3 being issue'd t of acquiring / 350,000v Revenue (Gothenburg V Division) bonds. Dated Aug.U resulted in favor of issuing heat¬ Consumers the are light and distribution system Bonds Voted—A recent election I ' ' > redemption at any; a time of part only of the bonds J of a maturity the particular f Power re¬ / of event for voters at the November election. .. 1, 1949, and without premium if redeemed thereafter. In the from airfield bonds be submitted to the r." v, j if before Sept. bonds shall be selected by lot. questing that an issue of $132,322 . • 3% follows: on or These bonds Bozeman), being prepared are as '\j-ji redeemed Petitions Being Prepared —Petitions plus accrued in- / premium upon re- J demption r MONTANA Bond ; the . election $12,000 Mar. and $38,000 Sept. 1, 1959. Said bonds may ; be redeemed at the option of or on These bonds Gallatin County (P. O. / Mont. bonds offered for sale —v. one The =— Division to John Nuveen & Co., Chicago, Stranahan, Harris & Co., Inc., of Toledo, Wachob-Bender Corp. of Omaha, and the First ■Trust Co., of Lincoln, at par, a net 7 interest-cost of 1.6392%, as fol¬ lows: For $46,000 maturing Feb. 1, 1945 as 31/&s, $47,000 maturing Aug. 1, 1945 as 3s, $598,000 ma¬ turing $48,000 Feb. and Aug. i, 1946; $48,000 Feb. and $49,0(fo Aug. 1, 1947; $49,000 Feb. and > Aug. 1, 1948; $50,000 Feb. arid $51,000 Aug. 1, 1949; $51,000 Feb. and Aug. 1, 1950; $52,000 Feb. and > Aug. 1, 1951, as 2s, $709,000 ma- < turing $53,000 Feb. and Aug. 1, * 1952; $54,000 - Feb. and Aug. 1, 1953; $55,000 • Feb. and * Aug. 1, 1954; $56,000 Feb. and Aug. 1, ' 1955; $57,000 Feb. and $58,000 Aug. 1, 1956; $58,000 Feb. and $59,000 Aug. 1, 1957, and $41,000 Feb. 1, 1958, as 1%'s. Dated Aug. 1, 1944. Denomination $1,000. City. 100.42 Peabody & Co.__„ Sale > - awarded July 11, 1944. Enclose a on 100.43 1 Kidder, bonds any District Power of 100.665 1 Day & Co at Public Platte Aug. 1 f 100.159 Weeden & Co.__ L. said bonds will certified check for l Lee Higginson Corp.. of called so said made held Boston on - (P. O. Columbus), Neb. revenue Election—It is before Sept. 10, 1944. were authorized at ows: Bidder Consumers 1, Principal and interest payable at a bank to be designated by the purchaser, subject to the approval of the City Council. All bids to be on forms furnished by the City Clerk. The City will furnish the approv¬ ing opinion of Charles & Trauernicht, of St. Louis, and will pay for the printing of the bonds and registration fee at the office of the State Auditor. Delivery will $2,000 Aug. 1, 1945 to 968. Other bids, also for l%s: 'yler Co., 100.899; Arthur Perry & Co., 100.567. — Aug. $1,000. terest at the same rate. Due — . Dated all than be . Irrigation District (P. O. North1- *■ Platte), Neb. ,1 may bid for both types of bonds. Bond Sale—The $750,000 bonds Bidders are also requested to de¬ offered for sale on July 27—v. 160, ; signate in their bids the rate of p. 373—were awarded ■ to the,£ interest to be paid on said bonds; Wachob-Bender Corp., of Omaha, J provided, however, that the in¬ and the First Trust Co., of Lin- / terest rate thus designated shall coin, as 2s, paying a price of 101.-; vbe an even multiple of Vs of 1% 026, a basis of 1.87%, as follows; J 0.55% $5,150,000 on Aug. 2 MICHIGAN 160, p. 476—were awarded to a syndicate composed of the First Huntington Woods, Mich. INDIANA National Bank of Chicago, Coffin Bond Call George W. Evans, & Burr, Hornblower & Weeks, Boston Township (P. O. Boston), City Treasurer, calls 'for payment both of New York, Paul H. Davis "* Ind. on Aug/ 1, 1944 at the Detroit & Co., Central Republic Co.; both Bonds Not Sold The $50,000 Trust Co., Detroit, refunding of of Chicago, A. Q. Becker & Co., of bonds offered for sale on Aug. 2 940 bonds Nos. 107 to 122. InNew Yo(rk, Milwaukee, Co., of —v. 160, p. 477—were not sold; erest ceases on date called. Milwaukee, Illinois Co. and Mar¬ Spice Valley Township School tin, Burns & Corbett, both of Chi¬ Nadeau Township School District Township (P. O. Huron), Ind. cago, as %s, paying a price of (P. O. Nadeau), Mich. Bond Sale—The $20,000 build¬ Bond Sale—The $46,000 build¬ 100.05, a basis of about 0.87%, as ing bonds offered for sale on July follows: ing bonds offered for sale on Aug. 29—v. 160, p. 274—were awarded 2—v. 160, p. 477—were awarded $2,750,000 fifth water serial bonds. to Fox, Reusch & Co., of Cincin¬ to the First National Bank of Due Aug. 15, as follows: nati, as VAs, paying a price of Menominee as l%s, paying a price $200,000 in 1949 to 1953, $250,100.23, a basis of about 1.21%. Dated 000 in 1954 to 1958, and $300,- of 100.04, a basis of 1.74%. Dated May 1, 1944. Denomination July 1, 1944. Denomination $1,000 000 in 1959. $1,000 and $500. Due $500 on July and $500. Due July 1, as follows: 2,400,000 fourth sewer serial 1, 1945, on Jan; and July 1, in 1946 bonds. Due Aug. 15, as fol¬ $8,500 in 1945 and 1946, $9,500 in to 1949, $2,000 on Jan. and JulyJ, 1947 and 1948, $10,000 in 1949. The lows: $400,000 in 1954 to 1956, in 1950 to 1952, and $2,000 on Jan. and $300,000 in 1957 to 1960. next highest bidder was: Com¬ 1 and $1,500 on July 1, 1953. The mercial Bank, Menominee, for 2s, Dated Aug. 15, 1944. Denomina¬ next highest, bidder was City Se¬ at a price of 100.05. curities Corp.,. Indianapolis, for tion $1,000. The next highest bid¬ der was Smith Barney & Co., Royal Oak Township School Dist. iy2s, at a price of 100.55. Harris Trust & Savings No. 7 (P. O. Beckley), Mich. Bank, Washington Township (P. O. * Chicago, Lazard Freres & Co., Bond Sale The $300,000 reChemical Bank & Trust Co.,. New iJJVF.lXW. 1944 Series 2 «pOUU)Vvv 1C™ | Salem), Ihd. 1 XI1C bonds offer-j unding Dtllv To Issue Bonds—The Advisory York, R. W. Pressprich & Co., ed for sale on July 24—v. 160, $100,000 school addition and nasium bonds, should ceases - - time, they shall be called in in¬ verse numerical order, Bidders >, R. Baltimore, Md. Bond less interest interest that date called. thereafter Bond 0.43 % as l3/4s, price of 101.139. Dated Aug. 1, 944. First sold at par. thereafter. Plans the face on accrued plus 2Y4s notified as forth set to redemption date, and are further 2^s; Wayne County (P. O. Detroit), Weeks & Stubbs of Boston on sewer 2^s is as thereof l%s to call date and as 1944. Denomination 275—were awarded to Whiting, p. Bond bonds offered for sale and bond 1945 Mich. construction bonds offered for sale Prestonburg, Ky. Sale—The $25,000 Woodstock School Dist. No. 72, III. Bond Election—An election was held recently to vote an issue of ceases as-2y4s; 1963 date 1964 2l/zs Bank, offered fdr sale date called. Bond connec¬ and Discount Corp. National Note Sale Hopkins County (P. O. Madisonville), Ky. Bond Call—H. W. Rudd, Coun¬ ty Clerk, calls for payment on Sept. 1, 1944 all outstanding 31/2% school building revenue bonds dated Sept. 1, 1943. Payable at the Kentucky Bank & Trust Co., 1956 call to i9almer, ThreeRivers Fire District, KENTUCKY at 101.594. Moline, III. 1953 to if (plus $5.00) New York; Salomon Bros. & Hutzler, and R. W. Pressprich & Co. (plus $23.00) - cer¬ July 31—v. Bonds maturing in to 1952, and 1957 to 1962, as Mass. revenue 160, p. 370 — were awarded to Harris, Hall & Co., of Chicago, and the Milwaukee Co., of Milwaukee, as IV4S, at a price of 101.675, a basis of about 0.944%. Dated Aug. 15, 1944. Denomina¬ tion $1,000. Due Aug. 15, as fol¬ lows: $5,000 in 1945 and 1946, $15,000 in 1947 to 1950, and $10,000 in 1951 to 1954. The next highest bidder was Mullaney, Ross & Co., follows: follows: First Boston Aug. 14 to submit -to the voters an issue of tificates of indebtedness. ' Co., all of Detroit, at a cost of 2.4263%, as interest * Chase for $25,000 airport maintenance net pro¬ Bidder— An — Moore & Louis, Paine, Webber, Jackson & posal to issue $7,000,000 in bonds Curtis, C. F. Childs & Co., Com¬ to finance a post-war City-Coun¬ merce Union Bank, Nashville, ty building be submitted to the Mackey, Dunn & Co., R. D. White voters at the general election on & Co., and Mackubin, Legg & Co., Nov. 7. : for Is, at 100.31. Lehman Bros., Kidder, Peabody MISSOURI & Co., Mercantile Trust Co., Bal¬ Jefferson City, Mo. timore, Kean Taylor & Co., Equit¬ Bond Offering—Henry W. Ells, able Securities Corp., Baker, Watts & Co., R. L. Day & Co., E. City Clerk, will receive sealed H. Rollins & Sons, Stein Bros. & bids until 8 p.m. (CWT) on Aug. Boyce, R. S. Dickson & Co., and 7 for the purchase of $185,000 air¬ Stern Bros. & Co., for Is, at 100.- port bonds. Dated Sept. 1, 1944. Denomination $1,000. Due May 1, 269. as follows: $5,000 in 1953, $2,000 Bonds Publicly Offered — The in 1954, . $11,000 in 1955, $16,000 First National Bank of Chicago in 1956 and 1957, $17,000 in 1958, and associate underwriters reoffered the bonds for public sub¬ $18,000 in 1959, $19,000 in 1960, scription at prices to yield from $20,000 in 1961 to 1963, and $21,000 in 1964. Bidders are requested 0.55% to 0.875%; according to ma¬ to bid for bonds maturing as above turity. stated, without option of prior pay¬ MASSACHUSETTS ment, or for bonds maturing on the above dates, but with the right Boston, Mass. reserved unto said City, at its op¬ Note Sale—The $3,000,000 notes tion, on May 1, 1949, or on any offered for sale on Aug. 1 were interest payment date thereafter, awarded to Halsey, Stuart & Co., to call in, pay and redeem, at par at 0.38% discount, plus a premium and accrued interest, all or any of $110. Dated Aug. 4, 1944. Due part of said bonds outstanding on Nov. 6, 1944. Other bidders were said date or dates; provided, that Sibley, Iowa Election Called has in said Michigan Corp., Crouse, Ben¬ nett, Smith & Co., and McDonald, Phelps, Fenn & Co., Stone & Web¬ ported that the Ways and Means ster and Blodget, Inc., Glore, Committee of the County Board Forgan & Co., Mercantile-Com¬ of Supervisors has agreed to re¬ merce Bank & Trust Co., St. commend to the Board that a as of payment specified bonds, on date called for payment at the redemption price of said date with respect to each of 100.3199. First National Bank, New York, bonds. of the places 372—were awarded to the First p. 000. Chicago Monday, August 7, 1944 - any the inverse ties, order of maturi-Xj payment of par plus js accrued interest and premium, upon redemption as follows: 1 j 3% if redeemed on or before upon Aug. 1, 1949; 2% if redeemed'! thereafter Aug. deemed event to and including/, if re- 7 In the/;' 1, 1954, and 1% of thereafter. redemption at any time of part only of the bonds Volume \ < of THE COMMERCIAL & FINANCIAL CHRONICLE Number 4305 160 maturity, the particular a bonds shall be selected by lot. . deemed on or before Apr. 1, 1947; premium of 4% of such prin¬ cipal amount if redeemed there¬ or a being issued of acquiring after button or before Apr. 1, from the Consumers Public 1950; or a premium of 3% of such Power District the water principal amount if redeemed power and irrigation and elec¬ thereafter but on or before Apr.. 1, tric distribution system of its 1952; or a premium of 2% of such principal amount if redeemed Gothenburg Division. These bonds ; the for are purpose 575 (such bonds being those first ma¬ New York City Housing Authority, N. Y. will be accepted, unless two or more proposals name the Note Offering — The Authority lowest of interest and rate offer . . until Details—In Sale Bond connec¬ construction bonds to the WachobBender Corp., of Omaha, report of in v. 160, p. 476, the Secretary Board of Education now reports that the bonds were which appeared jsold 3V4S, at as a price of par. a multiple of one-tenth of 1 % and must be the same for all of Reed, Hoyt & Washburn, of New York, that the bonds are valid and legally binding obligations of the bonds. the payable time one-eighth» hurst, Bond P. receive (EWT) on Aug. 15 for the purchase of the following not to exceed 6% in¬ terest coupon or registered bonds Corey,' City bids sealed Clerk, will 8 p.m. until aggregating $75,000: the Co., proposal will be specifies ar rate or general improvement bonds. 5,000 water improvement bonds. ; ; . ' Denomina¬ Due $5,000 Aug. 1, Dated Aug. 1, 1944. tion $1,000. 1945 to Rate of interest to 1959. of Ak or one-tenth be the same for all of the bonds. Principal and be in multiples of 1%, and must interest payable at troller's office. considered be the City Comp¬ No proposal will which specifies a higher than the lowest rate rate stated in any legally acceptable proposal. Each proposal must state the amount bid for the bonds which shall be not less than $75,- $76,000. As between legally acceptable pro¬ posals specifying the same rate of interest, the bonds will be sold to the bidder complying with the terms of sale and offering to ac¬ 000 more nor than cept for the amount bid the least amount of bonds, the bonds to be accepted being those first matur¬ ing and if two or more bidders offer to accept the same least amount then to the bidder offer¬ therefore the highest price. The purchaser must also pay an amount equal to the in¬ terest on the bonds accrued to the ing to pay of payment date Federal income tax successful bidder may, at his election, be relieved of his ob¬ ligations under the contract to purchase the bonds and in such case the deposit accompanying his bid will be returned. The pur¬ chaser will be furnished with the of any terms law the opinion of Hawkins, Delafield & Longfellow, of New York, that the bonds are valid and binding obli¬ gations of the City. Enclose a cer¬ tified check for $1,500, payable to the City. 4 Arlington, N. J. Offering—Robert B. Gal¬ North < Bond loway, Borough Clerk, will re¬ ceive sealed bids until 8 p.m. on of $440,interest registered bonds as fol¬ Aug. 17 for the purchase 000 not to exceed Zlk% coupon or lows: •• :/// $428,000 refunding of 1944 bonds. 12,000 equipment bonds. ; - : Dated Aug. 1, 1944. Denomina¬ ' tion lows: in $1,000. Due Apr. 1, as fol¬ $2,000 in 1945 to 1947, $3,000 and 1949, $5,000 in 1951, 1948 in 1952, ;$11,000 in 1953, $14,000 in 1954, $60,000 in 1955, $61,000 in 1956, $140,00a in 1957, and $130,000 in 1958. The $270,000 bonds maturing in the years $7,000 1957 and 1958, will be redeemable option of the Borough, in whole or in part, on any interest at the payment date at the redemption price of the principal amount thereof and interest accrued and unpaid thereon to the date demption, plus a premium of such of re¬ of 5% principal amount if re¬ City Bank Far¬ New York. No considered which stated rate must state the amount bid for the less than $438,860. --As between legally ac¬ ceptable proposals specifying the same rate of interest, the bonds which bonds, than shall $437,860 sold be nor be not more the bidder to com¬ and plying withithe terms of sale Town. The enactment bonds to any a or character these which bonds, class cludes in¬ will, at the election of the purchaser, relieve the purchaser from his obligation eludes these bonds, will, at the sale and entitle the purchaser to the return of the amount depos¬ ited with the bid. tified check for Enclose cer¬ a $300, payable to the Town. [Buffalo, N. Y. levy. OHIO Alliance, Ohio Bond Call—Harry D. Wilcoxon, City Treasurer, calls for payment on Oct. 1, 1944 at par and accrued, interest $46,800 5% deficiency bonds Nos. 142 to 187 for $1,000 Bay Village, Ohio Bond • Offering—Glenn L. Gan- yard, Village Clerk, will receive sealed bids until noon on Aug. 12 for the purchase of $41,000 2% re¬ The difference between the agreed Due Oct. 1, as follows: $5,000 in 1945 to 1950, and $5,500 purchase price of the 3s of 1975 and the amount received from the new issue, if any, will be provided from general reserve fund monies. Frank C. Ferguson, Chairman, after a meeting of the Board of Commissioners, said that the bid¬ coupon and if two or more per over Authority's general and refunding bonds, Sixth Series, 3%, due 1975, first callable Dec. 1, 1945 at 103. ders will be allowed to NEW YORK those bO: accepted being first maturing, at tax rate is $17, increase of 20 cents each, and Nos. 188 to 800, part of an issue of $234,000, dated Oct. 1, 1935, maturing Oct. 1, 1945, op¬ tional Oct. 1, 1944. The bonds Bond Offering — The Port of called should be presented for New York Authority will issue payment with all unmatured in¬ $17,671,000 par value of its gen¬ terest coupons attached at the eral and refunding bonds, Eighth City Treasurer's office. Interest Series, due 1974 and said bonds ceases on date called. v prior to the delivery of the bonds, of Federal legislation will be offered for sale at 11 a.m. which in terms, by the repeal or on Tuesday morning, Aug, 15. The omission of exemptions or other¬ proceeds of the sale are to be ap¬ wise, subjects to a Federal in¬ plied toward the purchase for re¬ come tax the interest on bonds of demption of a like amount of the offering to accept for the amount bid the least amount of bonds, the the name rate not to exceed 2%. i funding, Series A, bonds. Dated Sept. 1, 1944. Denomination $1,000 and $500. and 1951 in bid for a Bidders 1952. may different rate of interest in a multiple of xk of 1%. Prin¬ cipal and interest payable at the First National Bank, Rocky River. The approving opinion of Squire, Sanders & Dempsey, of Cleveland, will be furnished at the purchas¬ er's expense. Enclose a certified check for 1% of the bonds bid for. Bond Issue Referendum—Frank NORTH CAROLINA offeV to accept the same M. Davis, City Comptroller, re¬ least amount, then to the bidder Beachwood, Ohio Charlotte, N. C. Bond Tenders Invited Ben¬ offering to pay therefor the high¬ ports that a bond resolution call¬ To Issue Bonds R. W. Flack, ing for the issuance of $950,000 est price/The purchaser must also jamin C. Bourne, Village Clerk, paving, bridge repair and street City Manager, reported recently will receive sealed tenders of re¬ pay an amount equal to the in¬ that an issue of $25,000 municipal reconstruction bonds will be sub¬ terest on: the? bonds accrued to the funding bonds, dated July 1, 1940, ject to referendum until Aug. 27. cemetery purchase bonds will be until noon on Aug. 10. The Sink¬ date of payment of the purchase issued in the near future. price. In the event that prior to ing Fund has accumulated more New York, N. Y. Concord, N. C. than $5,000 over and above, the the delivery: of the bonds the in¬ Bond Sale The $13,740,000 Bond Offering — W. E. Easter- interest come received by private holders requirements for the next Idlewild Airport construction ling, Secretary Local Government six months. Each tender shall from bonds £f the same type and bidders — — „ — taxable by the Federal income tax law, the successful bidder may, at his election, be relieved of his ob¬ ligations under the contract to purchase thp bonds and in such case the deposit accompanying his bid will be returned. The success¬ ful bidder Will be furnished with the opinion of Hawkins, Delafield & Longfellow, of New York, that the bonds are valid and legally binding obligations of the Bor¬ ough. Enclose a certified check for $8,800, payable to the Bor¬ character shall be of an£ terms ough. 'Sayreville, N.J. of the purchase In the event that prior to the delivery of the bonds the in¬ come received by private holders from bonds of the same type and character shall be taxable by the price. at higher than the in any legally acceptable proposal. Each proposal will $70,000 in Trust lowest Bridgeton, N. J. Offering — Charles - . ' or Principal and interest lawful money at the Rutherford National Bank, Lyndmers NEW JERSEY to T be' in interest an earlier 1 of . tion with v the sale of the $15,000 the $1,000, the will receive sealed bids at its of¬ fice to accept the same least amount p.m. (EWT) on Aug. bonds, in which event the pro¬ 8 for the purchase of $1,350,000 r : posal of the bidder offering to pay notes (Eleventh Issue) as follows: the highest price will be accepted. $300,000 First Series. The purchaser must pay accrued } ;: 300,000 Second Series. from the date of the thereafter but on or before Apr. interest / The 350,000 Third Series. next highest bidder was 1, 1954; or a premium of 1% of bonds to the date of delivery. 400,000 Fourth Series. The National Co., of Omaha for such principal amount if redeemed Principal and interest payable at Dated Aug. 29, 1944. 2s, at a price of 101.013. Due Mar. thereafter but on or before Apr. the Peoples National Bank of Se¬ 8, 1945. Sarpy County School District No. J 1, 1956; but without any premium caucus. The successful bidder will (P. O. Bellevue), Neb. if reedemed thereafter. Rate of be furnished with the opinion of Port of New York Authority, N. Y. i while turing) Redemption Approved — Local Government Board approved on July 21 the borough's plan to use $77,000 of Bond State The the redemption principal amount of The balance of $17,000 will cover the premium required to redeem the debt at this time.. The plan will effect a saving of. $11,680 in interest charges over the life of the bonds. The debt to! be retired includes the outstanding balance of gen¬ eral improvement bond issues of 1929 and 1933, respectively, and all but $2,000 of a water construc¬ tion issue dated 1930. The borough will purchase the bonds at an average-pricfe of $1,283.33 each, surplus funds for of $60,000 outstanding 1 bonds. - Secaucus, N. J. Bond Offering — Adrian Post, receive sealed (EWT) on Aug. the purchase of $15,000 not Clerk,- will Town bids until 8 p.m. 22 for to exceed registered 6% interest coupon or building municipal bonds. Dated Sept. mination $1,000 1, 1944. Deno¬ and $500. Rate of of one- interest to be in multiples twentieth of 1%, and must be the same for all of the bonds. The purchase price specified in the proposal must not be less than $15,000 nor more than $16,000. In selecting the proposal to be ac¬ cepted the Town Council will not consider proposals which name a rate of interest higher than lowest rate named in any the be such sold;and if two proposals name or more the lowest rate, the proposal offering to ac¬ cept the-least amount paying a price of 101.5299, interest cost of 1.65129%. a net the purchase of $40,000 not to ex¬ or ceed 6% interest coupon bonds, Due as follows: (All none.) Dated Aug. 1, 1944. of bonds state the issue and serial number, of each bond tendered and the price which will be accepted. The Village reserves the right to re¬ ject all tenders, or, if insufficient tenders are received exhaust to $458,000 Aug. 1, 1945 to , 1974. The $8,000 streets bonds. Due-, $2,000 said funds, to reject thevgame and Chase National Bank made an re-advertise in the manner pro¬ Aug. 1, 1946 to 1949. alternative offer of par for all or 32,000 street improvement vided by the ordinances of the any part of the issue as 2s. bonds. Due Aug. 1, as fol¬ Village and by law. Syndicate composed of Harris lows: $2,000 in 1946 to 1949, Cincinnati, Ohio Trust & Savings Bank, Chicago, and $4,000 in 1950 to 1955. Bond Offering—Arnold E. MaGoldman, Sachs & Co., Union Se¬ Dated Aug. 1, 1944. Denomina¬ joewsky, Secretary Sinking Fund curities Corp., New York, F. S. tion $1,000. A separate bid for Trustees, will receive sealed bids Moseley & Co., First National each issue (not less than par and until noon on Aug. 24 for the pur¬ Bank, Portland, Equitable Secur¬ accrued interest) is required. Bid¬ chase of $1,675,000 City bonds ities Corp., E. H. Rollins & Sons, ders are requested to name the held in the investment account of Weeden & Co., Merrill Lynch, interest rate or rates, in multiples the Sinking Fund of the City. Pierce, Fenner & Beane, Graham, of of 1%; each bid may name Parsons & Co., Eldredge & Co.; A. Bonds Authorized The City one rate for part of the bonds of G. Becker & Co., Laurence M. Council recently passed an ordi¬ either issue (having the earliest Marks & Co., Commerce Trust nance calling for an issue of $17,maturities) and another rate for Co., Kansas City, Harvey Fisk & the balance, but no bid may name 000 2i/2% street extension bonds. Sons, Whiting, Weeks & Stubbs, more than two rates for either is¬ Dated July 1, 1944. Due $1,000 Trust Co. of Georgia, Atlanta, Sept. 1, 1945 to 1961. sue, and each bidder must specify Paul H. Davis & Co., Commerce in his bid the amount of the bonds Coal Township School District Union Bank, Nashville, First Na¬ of each rate. The bonds will be (P. O. Coalton), Ohio tional Bank, Memphis, A. Web¬ awarded to the bidder offering to Bond Election The probable ster Dougherty & Co., Reynolds & purchase the bonds at the lowest date of election to submit to the Co., Starkweather & Co., Coffin interest cost to the City, such cost voters an issue of $40,000 con¬ & Burr, R. D. White & Co., Bond to be determined by deducting the struction /bonds has been set for & Goodwin, Heller, Bruce & Co., total amount of the premium bid Aug. 15. and White, Weld & Co., was sec¬ from the aggregate amount of in¬ ond high bidder; their all or none terest Delaware, Ohio upon all of the bonds until bid being 101.3499 for 1 %s, inter¬ Bond Election Planned—Robert their respective maturities. Prin¬ . 1 — — est cost of 1.6629%. The same offered to take all or any part of the loan as 2s, at 100.003. With respect to the following other bidders, we show the terms group cipal and interest payable in New King, City Auditor, reports that Council has passed a re¬ and other preliminary E. Registerable as to prin¬ the City cipal only; delivery on or about solution York. 1944, at; place of pur¬ legislation, placing the questions Bids to be on on the ballot at the November election, of voting an issue of forms furnished by the above Sec¬ of the issue and for all or any retary. The aproving opinion of river improvement and airport part: Chemical Bank & Trust Co., Masslich & Mitchell, of New York, bonds. J. P. Morgan & Co., Inc., Barr will be furnished. In the event Elyria, Ohio Bros. & Co., and R. W Pressprich that prior to the delivery of the Bond Sale Details—In connec¬ & Co., and Associates: 101.313 for bonds the income received by pri¬ tion with the same of the $71,000 l%s, a net cost of 1.6652%, and vate holders from bonds of the water works improvement bonds par for 2s; National City Bank of same type and character shall be to the Sinking Fund Trustees, re¬ New York, First National Bank taxable by the terms of any Fed¬ of New York, Harriman Ripley & eral income tax law, the success¬ port of which appeared in v. 159, Co., Inc., and others: l3/4s, at 101.- ful bidder may, at his election, be p. 2463, E. J. Alheit, City Auditor, now reports that the bonds were 1199, a net cost of 1.6777%, and 2s, relieved of his obligations under sold as l%s, at a price of par, and at par. -|. , the contract to purchase the bonds Bonds Publicly Offered — The and in such case the deposit ac¬ mature Feb. 1, as follows: $14,000 Chase National Bank of New York companying his bid will be re¬ in 1952, $15,000 in 1953 to 1955, and $12,000 in 1956. made public re-offering of the turned. Enclose a certified check bonds, the first to be sold by New for $800, payable to the State Aug. 30, chaser's choice. of the offers made for all or none . , Fairview, Ohio York City since January, 1942, on Treasurer. legally the following basis: 1945 to 1964 acceptable proposal for the bonds to bonds offered for sale on Aug. 2 Commission, will receive sealed were awarded to the Chase Na¬ bids at his office in Raleigh until tional Bank of New York, as l3/4s, 11 a.m. (EWT) on Aug. 15, for maturities, to yield from 0.40% to ■v;: Bond Winston-Salem, N. C. To Refund $198,000 Bonds—The Offering — Raymond N. Heege, Village Clerk, will receive sealed bids until noon on Aug. 14 city will pay off $463,000 in cash for the purchase of $15,000 3% and refund $198,000 of bonds ma¬ fire apparatus equipment and con^ at prices ranging from 101.50 for Dated Aug. 1, turing in the fiscal year which struction bonds. the earliest date to 99.50 for the began June 30. Operating budget 1944. Due Oct. 1, as follows: $1,000 1.65%, and the 1965 to 1974 series final maturity. for the period is $3,629,688.16, in 1946, $2,000 in 1947, $1,000 in THE COMMERCIAL & FINANCIAL CHRONICLE 576 Monday, August 7, 1944 highway department to take over price of 100.104, a basis of about 1.64%. Dated Aug. 1, 1944. the bridge. De¬ The issue is to be retired in an¬ nomination $1,000. Due on July 1, The next highest bidder nual payments, as follows: $100,- 1964. 000 annually up to 1951; $150,000 was: Davidson & Co., for 1.70s. annually from 1951 to 1956, and Mabank, Texas chase and construction bonds. The $200,000 annually thereafter. Bond Call—L. L. Dellis, City In addition, the agreement pro¬ airport will not be constructed un¬ vides for the calling of the re¬ Treasurer, calls for payment on til war conditions are alleviated. Aug. 20, 1944 at par and accrued maining bonds, beginning March, Nichols Hills, Okla. interest, 4%, 4V4% and 4y2% re¬ 1947, in varying amounts, so that Bond Sale—It is officially ad¬ the entire issue will be retired by funding, Series of 1940, bonds to the amount of $56,500, dated Feb. vised that C. Edgar Honnold, of Sept. 1, 1964. 20, 1940, maturing Feb. 20, gs fol¬ Oklahoma City has purchased at Mr. Cosgrove said that the esti¬ lows: $1,000 in 1945, $500 in 1946, par, $34,000 3% refunding bonds. mated savings in debt service $2,000 in 1947, $1,000 in 1948, Due in 1954. charges over the life of the re¬ $1,500 in 1949 to 1951, $2,000 in funding issue, as compared with 1952, $1,500 in 1953, $2,000 in 1954, OREGON the present bonds, will amount to $2,500 in 1955 to 1958, $3,000 in Jefferson County Graded School $1,882,625 up to maturity. $2,000 in 1960, $2,500 in He said the board had called in 1959, District No. 9 (P. O. Madras), 1961, $3,000 in 1962 and 1963, Senator Wallace for his opinion Ore, $3,500 in 1964 to 1967, and $4,50G on how the action would affect Bond Sale—The $20,000 school in 1968. These bonds are part of the bill now pending in the gen¬ bonds offered for sale on July 27 an authorized issue of $67,500. eral assembly authorizing the —v. 160, p. 375—were awarded to The bonds are optional on any state highway department to take interest Dougherty, Cole & Co., of Port¬ payment date at I par over the bridge property not later land. Dated Aug. 1, 1944. Due $2,~ value plus accrued interest, pro¬ than Sept. 1, 1946, at which time 000 Aug. 1, 1945 to 1954, optional vided 30 days' notice in writing the outstanding bonds will be re¬ on or after Aug. 1, 1949. The next is given to the place of payment duced to considerably less than highest bidder was First National prior to redemption date. $4,000,000. Said bonds shall be presented Bank, Madras. Senator Wallace said that the Lawton, Okla. 1948, $2,000 in 1949, $1,000 in 1950, $2,000 in 1951, $1,000 in 1952, Plans Bond Election—The City $2,000 in 1953, $1,000 in 1954, and Council recently voted to call an $2,000 in 1955. Bidders may bid election at the earliest possible for a different rate of interest in date to submit to the voters an a multiple of V* of 1%. Enclose issue of $595,000 airport site pur¬ check certified a bonds to be sold, for 1% of the payable to the Village. Girard, Ohio ' Bonds Sold—It is officially ad¬ vised that the $4,600 street sweep¬ bonds, mentioned in v. 159, p. 2246, have been sold to the Sink¬ ing Fund Trustees at par. er Township School District (P. O. Jackson), Ohio Jackson Bond Election—At the Novem¬ ber election bonds issue of $25,000 centralization of 8 an for the • the bal¬ schools will be placed on lot. Newark, Ohio Bond Sale—The $190,000 water improvement bonds offered on July 29—v. 160, p. 375 —were awarded to Halsey, Stuart works for sale & Co., as Is, at a price of 100.704, a basis of about 0.86%. Dated Aug. for payment at the First National low call premium of 1% would PENNSYLVANIA I, 1944. Denomination $1,000. Due mean that if the bonds were Bank, Dallas. $19,000 Oct. 1, 1945 to 1954. The Coatesville, Pa. called, the county would have in¬ Wake, Texas next highest bidder was Braun, Bonds Unsold In connection curred no additional cost and that Bond Sale—Rauscher, Pierce & Bosworth & Co., Inc., for Is, at a with the $150,000 water system he believed the low interest rate Co., of Dallas, purchased recently price of 100.34. bonds voted at the November would be attractive to the state the following 4% bonds aggregat¬ election in 1943, F. P. Pennegan, highway department. ": Norwood, Ohio ing $190,000: City Clerk, reports that no action Senator Wallace also stated that, Bond Issuance Considered—The $50,000 Water Works and Sanitary has been taken as yet regarding in his opinion, the refinancing Village Council recently consid¬ the Sewer System Revenue bonds. disposition of the bonds. will help with the ultimate free¬ ered issuing the following bonds Due June 10, as follows: $1,000 Hopewell Township School District ing of the bridge by the state aggregating $12,500: in 1.946, $2,000 in 1947 to 1955, legislature as "we can now show (P. O. Aliquippa, R.F.D. No. 2), $10,000 viaduct bonds. $3,000 in 1956 to 1962, and the members that we have paid Pa. 2,500 municipal garage bonds. $5,000 in 1963 and 1964. Bond Offering—R. M. Williams, off $250,000 of the bond issue and 30,000 Light and Power System reduced the present indebtedness Ohio (State of) District Secretary, will receive Revenue bonds. Due June 10, , sealed bids until 8 p.m. on Aug. 11 to $4,150,000." High Grade Municipals In De¬ as follows: $1,000 in 1946 to "We also have paid the 5% call mand—J. A. White & Co., Cin¬ for the purchase of $24,000 not to 1955, $2,000 in 1956 to 1962, exceed 2J/2% interest school bonds. premium totaling $220,000, which and $3,000 in 1963 and 1964. cinnati, reported on Aug. 2 as fol¬ Dated Aug. 1,1944. Denomination the state will not have to pay out lows: 30,000 Sanitary Sewer System of any surplus fund the bridge has $1,000. Due $2,000 Aug. 1, 1945 to bonds. Due Demand for Ohio municipal — July 1, 1958, $10,000 Jan. $11,000 July 1, 1959, $11,000 July 1, 1960, $12,000 Jan. $13,000 July 1, 1962, $13,000 and and Jan. and Jan. and $14,000 July 1, 1963, $14,000 Jan. and July 1, 1964, $15,000 Jan. and July 1, 1965, $16,000 Jan. and July 1, 1966, $17,000 Jan. and $18,000 July 1, 1967, $17,000 Jan. and $18,000 July 1, 1968, $19,000 Jan. and July 1, 1969, $20,000 Jan. and $21,000 July 1, 1970, and $21,00Q and Jan. and $16,000 July 1, 1971. Net income basis of about 3.28%. Skamania County Public Utility District No. 1, ing for redemption on Sept. 1, 1944, all of its outstanding bonds, except those maturing and being paid Aug. 1, 1944, as follows: on Serial Series Electric bonds continues to be for higher interest be to easier for the members of the multiples of y4 of 1%, and must leg¬ grade names and our index of the be uniform for the entire issue. islature to understand," the sen¬ yield for 10 high grade Ohios der The sale of the bonds is subject to ator stated. dined again during the past week "If the state pays up these bonds the approval of the proceedings to 1.13%, a new high for this in¬ by the Department of Internal Af¬ in full, it will cost them 1% to dex. (The yield moves inversely fairs. Enclose a certified check do so, but we have secured a nice with the price.) Second grade reduction in rate of interest on • bonds still fail demand and our for $500, payable to the District in this Treasurer. index of the yield to share the new The state bonds. just can off each year as they save 1%, as the new interest is probably as low as the bined index for the 20 bonds also Charleston County (P. O. Charles¬ state could borrow for by Sep¬ is unchanged at 1.31%. ton), S. C. tember, 1946." The spread between the high Bond Call E. H. Robertson, "The county board of commis¬ grade and the lower grade bonds Chairman County Board of Com¬ sioners has done this work for the thus widened further to .35% in missioners, calls for payment, on state, and now the state can just yield. This spread is now wider Sept. 1, 1944 at the Chase National assume the bonds and pay them than it has been since December, Bank, New York City, at par and off annually as they are paying 1943. accrued interest to said date, and off the Folly Beach bonds." a premium of 5% of the face Shaker Heights City School Dist., amount thereof, all bonds of the Liberty, S. C. Ohio 10 lower grade Ohios remains unchanged at 1.48%. The com¬ on pay SOUTH CAROLINA them and mature — . of issue Bond Sale—The $67,000 refund¬ ing bonds offered for sale on Aug. 1—v. 160, p. 375—were awarded to Fox, Reusch & Co., of Cincin¬ nati, Lawrence Cook & Co., of Cleveland, and William C. Seufferle & Co., of Cincinnati, as Is, paying a price of 100.022, a basis of about 0.996%.) Dated Aug. 1, 1944. Denomination $1,000. Due Oct. 1, as follows: $7,000 in 1945, $8,000 in 1946, $7,000 in 1947, $8,000 in 1948, $7,000 in 1949, $8,000 in 1950, $7,000 in 1951, $8,000 in 1952, and $7,000 in 1953. The next highest bidder was: Ryan, Sutherland & Co., for 1Y4S, at a price of 100.67. West Union, Ohio Bond tion Sale with Details—In the sale of connec¬ the bridge Bond Sale—McAlister, Smith & revenue bonds dated Sept. 1, 1941. Pate of Greenville, purchased re¬ All bonds presented for payment cently $40,000 3V2% sewer refund¬ must have Sept. 1, 1944, and sub¬ ing bonds. Dated May 1, 1944. sequent coupons to their respec¬ Denomination $1,000. Due $4,000 tive $4,400,000 maturities 3y2% attached. Bonds tional West Bank of Adams Union, for 2VI2S, at 100.20. OKLAHOMA a satisfaction of paying Sale—The $14,000 water extension refunding bonds offered for sale on July 27 have been sold. Dated Feb. 1,1944. Denomination $1,000, Due $2,000 Feb. 1, 1949 to 1955. 1954. to agent. In¬ clusive, and Original Issue Refinanced—The Cotulla, Texas "Post" of July Bond Call—F ranees Keithly, reported the following: The Charleston county board of City Treasurer, reports that $8,000 commissioners this morning took 5% water works bonds, being all bonds outstanding of an original action refinancing the $4,400,000 issue of $14,000, are called for bond issue on the Cooper River Dated bridge at a lower interest rate and payment on Sept. 1, 1944. Sept. 1,1914. Said bonds are to be with a reduced call premium. board entered a contract the bonds to mature in 20 years. The present bonds bear interest at Senator O. T. called in before action said the presented redemption the at 1974. Water bonds. Works Due June System 10, as lows: $1,000 in 1945 to $2,000 in 1955, $1,000 in $2,000 in 1957, $1,000 in $2,000 in 1959, $1,000 in fol¬ 1954, 1956, 1958, Bond Issuance Authorized—W. H. Maunsell, City Controller, re¬ ports that the City Council recent¬ ly authorized the issuance of the following $570,000: bonds $400,000 storm 100,000 aggregating sewer general bonds. improvement bonds. 70,000 park bonds. Knox County (P. O. Knoxville), ■■ '" ") Bond morial Tenn. ' Sale bonds — The ' ■ $30,000 me¬ offered for sale on July 28 — v. 160, p. 278 — were awarded to J. C. Bradford & Co., of Nashville, as to 79 Electric Revenue Bonds, 1942, of said District, dated Feb. 1, 1942, denomination $1,000, bear¬ ing interest at 4y4% per annum, due serially the years on Aug. 1 of each of 1945 to 1967^ inclusive and numbered 5 to Holders are the of notified to 141, inclusive. aforesaid bonds present the same at either of the places of payment specified in said bonds on Sept. 1, 1944, for redemption at the re¬ spective redemption price with respect to each such bonds as is set forth are will on further to accrue cease after the face thereof and notified the date so that interest said bonds on fixed for re¬ demption. Wahkiakum County Public Utility District (P. O. Cathlamet), Wash. Bond Sale—The First National Bank of Portland and purchased $127,000 recently revenue Associates, an issue of refunding bonds* Due in 1 to 15 years. Washington Toll Bridge Authority 1960, (P. O. Olympia), Wash. Bond Call—J. W. Hoover, Sec¬ $1,000 in 1962, $1,000 in 1964, retary of the Authority, reports $1,000 in 1966, that all outstanding revenue bonds $1,000 ip 1968, Nos. 741 to 5900 in the total prin¬ $1,000 m 1970, cipal amount of $5,160,000, dated $1,000 in 1972, Sept. 1, 1940, in denomination of and $1,000 in $1,000 each, are called for pay¬ 1974. ment on Sept. 1, 1944. Holders of 40,000 Light and Power System said bonds are notified to present bonds. Due June 10, as fol¬ them at one of the places of pay¬ lows: $1,000 in 1945 to 1955, ment designated therein as of date $2,000 in 1956, $1,000 in 1957, called, for redemption on terms as $2,000 in 1958, $1,000 in 1959, specified in the respective bonds. $2,000 in 1961, $2,000 in 1963, $2,000 in 1965, $2,000 in 1967, $2,000 in 1969, $2,000 in 1971, $2,000 in 1973, $2,000 in 1960, $2,000 in 1962, $2,000 in 1964, $2,000 in 1966, $1,000 $1,000 $1,000 $1,000 $2,000 in 1968, $1,000 $2,000 in 1970, $1,000 $2,000 in 1972, $1,000 and $2,000 in 1974. Dated June 10, 1944. in in in in in in in 1961, 1963, 1965, 1967, 1969, 1971, 1973, Legality approved by John D. McCall, of Dallas. Interest ceases on date called. WISCONSIN Wisconsin Cities Debt (State of) 13% Below 1940 Level— The Wisconsin Taxpayers Asso ciation reports that the average city in the State had 13% less in¬ debtedness and 34% more cash on hand at the close of 1943 than case the end of at 1940. was Ac¬ cording to the survey, outstand ing indebtedness had been cut Lynchburg, Va. from $31,438,252 to $27,222,773, Bond Offering—Karl V. Ogden, and the interest requirements Chief Clerk, will receive sealed were - lowered to $1,094,648 in bids until Aug. 29 for the pur¬ 1943 from $1,362,257 in 1940, a chase of $450,000 funding and drop of about 20%. ; public improvement bonds. Noting that the cities had in¬ 1,65s, ■■ vested large WASHINGTON District (P. O. Ellensburg), Wash. Bond Sale Details—In connec¬ cash balances in 1943 United in Cascade Irrigation States Government notes and bonds, the survey cited three advantages of this policy: The municipality gets a higher if the tion with the sale of the $592,000 Houston, Texas taken, refinancing would help with the ultimate freeing of the bridge by the state highway de¬ partment, and would favorably affect the bill now pending in the general assembly authorizing the for Stockmen's National Bank, Cotul¬ la. Interest ceases on date called. Wallace, was 10, 13 Serial VIRGINIA Charleston (S. C.) The 1945 to 40,000 June numbered inclusive the TEXAS 27 3.5% and carry a call premium of County, 5% for the entire issue. On Sept. price of I, of this year, $250,000 in out¬ standing bonds will be retired, leaving $4,150,000 outstanding. Garber, Okla. Bond 1, terest ceases on date called. State , 1945 Principal that have been registered shall be and interest payable at the Na¬ presented properly endorsed with tional City Bank, New York. Le¬ signatures of the registered own¬ gality approved by Huger Sinkler, ers duly authenticated to the of Charleston. $5,000 with John Nuveen & Co., of Chi¬ water works improvement bonds to Fox, Reusch & Co., of Cincin¬ cago, and their local associates, Frost, Read & Co., Charleston, to nati, as 13/4%s, at a price Of sell the new issue, amounting to 100.606, a basis of 1.64%, Mary $4,150,000, on the basis of an aver¬ Greenlee, Village Clerk, now sends the following list of other bid¬ age rate of interest at 2.4364%, ders: J. A. White & Co., for 2*4s, at a price of 100.32, and the Na¬ May $1,000 This will make it much hand. on in Bonds num, due serially on Aug. 1 of each of the years 1945 to 1959, in¬ . of Rate Revenue A, of said District, dated Aug. 1, 1939, denomination $1,000, bearing interest at 4%% per an¬ * 1956. Wash. Bond Call—The district is call¬ paying a interest rate than it would refunding bonds to Conrad, Bruce & Co., of Seattle, as 3s, at 96.50, report of which appeared in v. 159, p. 1912, Leonard F. Burrage, Sec¬ retary-Treasurer, now reports that the bonds are dated July 1, 1944, and mature as follows: $5,000 Jan. and $4,000 July 1, 1945, $5,000 Jan. and July 1, 1946, $6,000 Jan. and $5,000 July 1, 1947 and 1948, $6,000 Jan. and July 1, 1949, $7,000 Jan. and $6,000 July 1, 1950 and 1951, $7,000 Jan. and July 1,1952, $8,000 Jan. and $7,000 July 1, 1953 and 1954j $9,000 Jan. and $8,000 July 1,1955, $9,000 Jan. and July 1, 1956, $9,000 Jan. and $10,000 July 1, 1957, $10,000 Jan. deposited in banks; city helps fill local war bond quotas; and, by not leaving the cash on deposit in banks, certain State insurance charges are1 were money avoided. The alliance cities which stated that those accumulating re¬ serves can use the funds to help reduce property taxes in the fu¬ ture, but warned that today's de¬ ferred maintenance, postponed construction Costs, are and minimum relief, coupled with possible de¬ clines in normal income tax col¬ lections may at mean the end of the war,: higher property taxes in the future.