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ADUx
IDS.
MONDAY
TJ.
Reg.
Volume
158
Number 4201
*
New York, N. Y.,
S.
Pat.
19*3
AUG 9
LIBRARY
In
2 Sections-Section
1
Office
Price 60 Cents
Monday, August 9> 1943
a
Copy
STATE AND CITY DEPARTMENT
BOND PROPOSALS AND NEGOTIATIONS
the
6.
purchase of which a sum of
Set
for
dates
sales
by State
art
Gillis, attorney for the State
of Administration, and W.
Himes, special attorney for
the county, looking toward
the
agencies of public bonds of the
political subdivisions.
7. Revise all laws applicable so
fund.
In This Issue
S3-
Bids
must
exceed par
not
and interest.
1
Florida
Corporation News ps
State and
Situation
City News
QUOTATIONS
Stock
York
New
York
—
The
committee
Exchange
ap¬
Curb! Exchange
At
this
9.
Empower the State to super¬
of political units
specific factors indicate im¬
pending insolvency or default, and
to
administer debt budgets and
refunding of political units actual¬
ly in default.
vise debt budgets
due to the
exigencies of space, we have been
forced to give herewith only a
Out-of-Town Listed Markets
time,
few of the
Unlisted Securities
mary
highlights of the
which are as follows:
the
provide money available as a
revolving fund for municipal refundings.
forthcoming issue of the "Chron¬
icle."
of
bonds
and
by this committee will be given in
a
validation
sinking, trust, and time
funds, also sinking funds of coun¬
ties, cities and school boards, may
be legally invested in any Stateapproved public bond,
8. Authorize a study to discover
Debt
pointed by the 1941 Legislature to
make a study of the public debt
situation in Florida made public
recently the result of its findings.
The full text of a summary issued
M
New
(State of)
on
Public
Issued
Report
Board
that State
$90,000 is available in the sinking
when
sum¬
10. Enact a law requiring the
committee, as a result of State Board of Administration to
be made a party defendant in all
its studies covering a period of
bond
validation
more than 12 months, is convinced
proceedings,
of the need of legislation contain¬ either new or refund issues.
11. Amend the Constitution to
ing the following salient features:
a
county-widq vote in
1. Make all, bonds bearing more require
than 3% interest'callable after 10 nominating County Commission¬
ers, and require all County Com¬
years.
Recommendations
Your
Miscellaneous
(See Index Below)
ARKANSAS
'Arkansas
and number of
ance
pupils trans¬
ported increased rapidly.
(State of)
teachers'-
The
Contributions to Local Districts
of
because
sulted in corresponding
steadily go¬
tax revenues are
ing down, it is demonstrated by a
Arkansas
State
from
$4,146,690
taxes
fund-will be increased to
salary
and
amounted
to
community to pay.
4; Regulate and limit the issu¬
expected to change very little,
are
the report said.
"The
has, to
set
increase
State
funds
certain extent, been off¬
a decrease
in local tax
a
by
or
debt
unit.
5.
X
in
cluded
••
bonds
revenue
deducted in
limitation
so
that this
ex¬
figuring the
a
political
'pXf v.--;,'v;:■
'
■
>■
for
refunders
13.
popula¬
850.
of
use
'
school
Common
1941-42
to
fund
distribu¬
from $5,681,161
increased
$6,078,173 last
Payments from
the
in
year.
equalizing
fund increased from $1,248,108 to
Allotments
$1,800,590.
for
each
child transported to school in eli¬
gible
districts
each.
of the increase,
569 districts qual¬
As
a
on
Average daily attend-
ied
the
by
county
debt.
a potential loss of $3,in the local 18-mill and
164,367
State
three-mill
New
York
Stock
545
York
Curb
561
Unlisted
Exchange
Exchange
Exchanges
566
Securities
Canadian
571
Markets—Listed
and
Unlisted
State
569
Russellville,
Bonds
533
General Corp. and Investment News 5^2,
Dividends Declared
and Pavahie... 538
Redemption Calls and Sinking Fund
Hollywood,
Bond
City
Offering
Clerk,
the
a.
purchase
S52,000
ville, at
amount of
price of 102.25.
a
cal
and
,
48,000
of
Combined
Federal
Condition
Reserve
Banks
Statement
+he
city
Sales
that
93.74; $2,000, at 93.45; $20,000,
93.50, and $6,000, at 93.70.
Tenders
541
advised
$2,000 bonds,
at 92.99; $1,000, at
93.25; $5,000, at
93.373; $7,000, at 93.49; $10,000,
ing
5*1,
1, 1936,
purchased
at
State¬
ment
Auction
officially
at
of
Banks
Condition
Aug. 2 of refunding, Series
are
541
Clearings
Rates
on
A and B bonds dated July
572
541
Bank
;T Foreign Exchange
Member
ers
1,
for
Wanted—City
tenders
until
is
noon
ask¬
on
Sept. 6 of refunding bonds, series
A, B and C, dated July 1, 1936, for
Jan.
units of the State.
].
Bond
Validation
Suit
to have
1942
bends.
Filed—A
been filed
,
All
of the
bonds
in
or
York.
Registerable
announce
the
ac¬
before 6:00 P.M. August 10, 1943.
pursuant to which these bonds
are
to be
be
dated
as
Bank, New
to principal.
Each bidder must agree to accept
cashier's check in the
$285,620. The Authority will
or
will
at the Chase National
of $14,281,000 of General and
certified check
Jan.A*
1952*
and
August 10,1943, at its office. Each offer must
a
in
1, 1942.
Interest J-J.
Principal and interest payable
Circuit Court recently by D. Stu¬
or none
Due
follows: $4,000
Dec.
Hillsborough County (P. O.
Tampa) Fla.
suit is said
as
$8,000,
1954;
$15,000,
1956;;
$1,000, 1957; $16,000 in 1958
$4,000 in 1959.
;
department operated primarily
accompanied by
issued,
may
tained at the office of the Executive Director of the
be ob¬
Authority,
#111 Eighth Avenue, New York 11, N. Y.
AUGUST 6, 1943
Due
$25,000 in 1950.
V
3%% general refunding,
series
fiscal agents. at the University
Copies of the prescribed bidding forms, and the resolutions
Bond
Tenders
Accepted — In
connection with the call for tend¬
refunding,
1, as follows: $27,000 in 1949
research and statisti¬
a
the political
ceptance of bids at
Clearwater, Fla.
bonds,
■*.
general
1942 bonds.
(First Installment), will be received by the Authority at
on
$100,000
3%%
series
>
for the benefit and information of
Proposals for all
be
,
E.
follows:
as
'
auditorium bonds have been pur¬
chased by the Bank of Russell¬
B.
Mann,
receive sealed
on Aug. 14 for
m.
Of
PORT OF NEW YORK AUTHORITY
11:00 A.M.
the
V
Fla.
—
will
bids until 10
Refunding Bonds, SEVENTH SERIES, 2% %, Due 1973,
Ark.
gasoline
meet
Judge Parks set August
24 as the date of a hearing on the
validation petition.
tax
$20,000 4% semi-ann. high school
537
Notices
Course
property
Sold—It is renorted that
we
and
City Department:
Bond Proposals and Negotiations.
The
,
levies for the schools."
Page
New
THE
to
Circuit
1941
only
would
:v\ r;
represents
INDEX
Stock
which
FLORIDA
Quotations:
Other
from
totaled
revenue
$473,640,705.
This
reduction
of
$150,864,145 in assessed valuation
result
ified for aid in comparison to 463
1941-42.
*
increased
were
from $24 to $30
in
ated
assessments,
from
revenues
was $624,324,1942-43, the schools oper¬
In
issued
be
taxes, and no taxes would be lev¬
or
Establish
of Florida
i.-.-
safeguards and
supervision of debt service for
local political units.
;
the
12. Prohibit attorneys of politi¬
cal units\from acting as attorneys
of
Provide State
of
a
to
a
uation of the State
year's local revenue figures
not available.
tion
.
the
increased
Last
.
total debt, including
overlapping debts, safely
within the measurable ability of
of
15%
contain
bonds
$125,000 judgment held
against the county by Sterling Na¬
tional Bank & Trust Co., of New
York City, owner of the old paving certificates issued
by
the
county.
The new bonds, matur¬
ing between 1948 and 19G2, would
be retired by the State through
tion of the county.
and
ance
of
to
The
refund
refunding
$125,000
county.
■
Limit
3.
new
districts
-
for
assessments," the department re¬
ported. "In 1929, the assessed val¬
are
'
:*"i
type of security shall not be
in
1929-30, but had
dropped to $8,253,018 in 1941-42.
i>:
v
the
$900,000 during the current
$9,447,387
,
V.
missioners
minimum
improve¬
.
laws. Allocations from other funds
ending June 30, 1943.
school
Local
reductions
fund allotments. But the
V-r V.
year, the department said,
by 1943 legislative changes in tax
$7,407,122 in 1941-42 to an alltime high of $8,174,123 during the
fiscal year
re¬
the
.
of
1929-30
in
fund,'; which
of
life
■;
.
about
Department
contributions
State
in salary
from
increase
large
equalizing
ment.
liscal
by
Education.
j
the
the
within
the
released
report recently
fund
salary
At New High—The State is play¬
own
2.
dropped from $294,586 to $97,176
ing the role of Santa Claus to its
local school districts, while their
p
Provide for bond retirement
F.
FRANK C. FERGUSON,
CHAIRMAN
"
THE COMMERCIAL & FINANCIAL CHRONICLE
534
delivery of the bonds as soon after
is
an
they may be ready for
as
City will be avoided, in
order that the bond proceeds may
be available on September 1, for
the
by
payment of the bonds which
to be refunded, said bonds
the
are
been called for redemp¬
tion on September 1.
Bids for
less than the entire issue will not
•having
All bids must be
considered.
.be
unconditional, must be at a price
not less than 102% of the prin¬
cipal amount of the bonds, and
'must be accompanied by a certi¬
fied cheek for 2% of such princi¬
pal amount, payable to the City.
approving legal opinion of
The
Chapman & Cutler, of Chicago,
furnished to the success¬
will be
The City
ful bidder without cost.
reserves
the right to reject any or
and to deliver only such
bonds as may be legally deliver¬
able at the time of delivery.
all bids,
Lakeland, Fla.
Refunding Validation Suit Filed
bring about the valida¬
—A suit to
Refunding of over $5,000,bonds is said to have been
tion for
000
against the
Casebier representing
the city and
Grady Burton as attorney for the
filed by the above city
State of Florida, with H. N.
State.
Reissuance of bonds will result
in
saving of more than $3,500,000
The
a
interest rates to the city.
in
interest
rate of 3% for the first year, 4%
for the next four years, and 3%
new
bonds will carry an
Last
thereafter.
will
bonds
be
paid off in 1971.
The suit
the refunding
concerns
of 1936 and 1939 bond issues.
rate
terest
1944-1945
the
on
old
3M>%;
was
In¬
for
bonds
1945-1948,,
4%; 1948-1951, 41/2%, and there¬
after to 1966, 5%.
This left $2,500,000 in bonds still outstanding.
Under the new refunding pro¬
gram, the city will pay
off all
bonds by reissuing them to run
five years longer.
Sugar Bowl Drainage District
O. Bradenton) Fla.
(P.
'
Debt Composition Plan Pending
—The creditors and landowners of
the above
district
being .ad¬
are
vised that the United States Dis¬
trict Court for the Southern Dis¬
trict of
Florida, Tampa Division,
an
order dated July
29, 1943, approving the proper
filing of the amended petition for
the composition of the debts by
has
issued
the
district
under
Bankruptcy
and
Municipal
All creditors
Act.
landowners
affected
the
of
by the plan
year,
Mrs. Griffin said.
The
'
*
taxes is presumably due
to the non-taxable property taken
by the Government for the
and the air field.
bomber plant
-
jections
interposed
landowners
and
by
creditors
thereto,
will
be
heard by the Hon. W. J. Barker, in
the Federal Building, Tampa, Fla.,
on
Oct. 6,
Any creditors
file answers
or
the
hearing.
the
bonds
Proofs of
owned
by
claim
the
of
bond¬
holders, heretofore filed in the
proceedings shall continue, and be
considered
petition.
who
has
as
filed to the amended
Should any bondholder
heretofore filed
accept¬
ance of the original plan of com¬
position fail to file objections to
the
amended
amended
court
the
will
as
the
or
plan, under the require¬
of
ments
holder
petition
notice, such bond¬
be
considered
by the
having consented to the
amended plan of composition.
to
.
.
Feb.
on
have
1,
de¬
been
and
as
.i
The
1
bonds
sold
to
the prin¬
cipal and interest on 1928 and
1929 educational tax anticipation
warrants of the board. Of the $3,was
213,000,
pay
$500,000
but the
all
funded in: 1934
v.
•
.
•
,
,
.
employment.
-
public, works department
shortage more
The
felt the manpower
severely than other public agen¬
cies, a shortage intensified by
necessity of using a large force of
men and much equipment on war
work that had to be done
quickly,
the report said.
As many as 300
men and 60 pieces
of equipment
from, the public works
department
employed at times on con¬
of airports,;' highways
military works.
f -■
were
,
Honolulu
vulnerable, also,
was
spot as many other
—
in refuse and
collection
garbage
steps to assist the city
this
manpower
made
took
Government
Federal
The
disposal.
and
in solving
problem and has
part
tentative offer to pay
a
-
It.
was.
said
the
Board vwould
appeal Judge Jarecki's decision, to
the Illinois Supreme Court. It was
also
indicated
would
take
Honolulu's fire department was
expanded to three times its nor¬
mal size during the year; 24 emer¬
companies
engine
added
the
to
10 already
were
in ser¬
vice, while 125,000 additional feet
was obtained.
Office of
of hose
allocations
Defense
Civilian
of
bondholders
of-their
action
some
suit
and possibly would file a
own
m
that
] one
the
of
.
Chicago
•:
courts,
to reduce the defaulted coupon
a
judgment.
It
;
:A/AY
to
:v:'"!v
likewise learned that the
was
Board would default
1/11th of
on
1954.
.
issue,
One-eleventh of
the -latter
$500,000, and the entire
issue $900,000 of 4%s of Feb. 1;
1955, were sold to refund obliga¬
tions which originally had ; been
issued in 1931 to pay off 1928; and
or
1929 tax anticipation
the Board.
-
warrants: of
/A j
I;
Judge Jarecki held in his deci?
sion
last
or
tax
war¬
redeemed
that
and lighting equipment.
CCD'contributed financially, also,
toward
maintaning employment
benefits for temporary employes.
Several
were
told
ample,
-
little
publicized
facts
by the report; for ex,-,
an
was
epidemic
started
of
by
a
typhoid
human
noted
as
1; 1942.
f
^aterloo, Iowa H
Bond
•
Sale—The
~•
$450,000 semi¬
annual
airport
sale
July 30—V.
on
were
offered for
bonds
awarded to
158, p. 346—
Halsey, Stuart &
Co., Inc., of Chicago,
Is, paying
as
price of 100.028, a basis of about
0.995%. Dated Aug. 1, 1943. Due
a
Nov.
on
were
in
1
1944
to
1962
in¬
Other bids for the bonds
clusive.
'
follows:
as
"
For 1
% Bonds /'
■J;;.';;
National Bank of Waterloo 100.027
For 114% Bonds
;
be
from the proceeds of taxes leyied
in the years for which the war¬
rants
issued.
were
His
decision
principle
down
the
by-the
each year, giving a
2.23%.'. Due in
the
issuance
bonds.
/;
'■
1949.
to
Illinois
tion warrants.
>
1, 1955, were issued back
fund
educational
board,
dated
,"
/
bonds
of
the
1, 1931,
and
1, 1935. - A total of $2,of the ^educational fund
IOWA
Clearfield Independent Sch. Dist.,
Iowa
^
_
'•
',
An issue of $11,7
refunding bonds was sold July
the
—
Carleton D. Beh Co. of
Moines,
as
2s,
at
101.909.
price of
a
Sold—The
f
Clerk
states that $34,000 water works
revenue
refunding
bonds have
City
sold.
Gray Cons. Sch. Dist. (P. O. Gray)
Iowa
valuations total
for
civil
the
people
patients.
1931
to
pay
Bonds Sold—It is stated by
the
the principal and interest on 1928
Secretary of the Board of Direc¬
educational purposes
tors
the
$2,300,000
1933
issue of
1934.
antici¬
Of
have
that $15,000
been
payable
sold
May
refunding bonds
to
and
the
White-
-November.
Due in 1945
and int. payable
$1,500.
Prin.
$5,500,000 outstanding is¬ 1954.
of 4%s of Sept. 1, 1954, em¬ the District Treasurer's office.
The
sue
and
tax
to
have
issuance of $10,000
'
KENTUCKY
Frankfort, Ky.
y.Ay
Bond Offering—Sealed bids will
be
received
until 2
p.m.
on
Aug.
10, by Mervin Parrent, City Clerk,
the
purchase of $1,200,000
water works and electric light and
power
revenue .' bonds.
vDenom.
$1,000.
Dated Aug. 1, 1943.
Due
on July
1, 1968. Said bonds shall
be callable for redemption at the
for
option of the City prior to matur¬
ity in whole, or from time to time,
in part .when selected by lot" on
on and
July 1,1946, at par and ac¬
interest payment date
after
crued interest
to the date of
at the coupon rate
redemption plus ad¬
ditional interest in the amount of
V
and
on
prior- to July
or
and" 1 % ' of
amountr; thereof
thereafter and
on
the
if
or
1,
principal
4 redeemed
prior to July
1, 1958. Principal and interest payJ
a bank in Frankfort, .and
at a bank, in New .York City. Bid¬
able at
ders may specify the. interest: rate
or
rates for any or all of said y
the
responsible
is; determined
bid
Council
to
be
bidder;; whose
;
by
the
City
most advantageous
to the
City, but no bid will be ae->
cepted for less than par plus ac¬
crued interest.
The bonds
are
be¬
ing issued for the purpose of ac¬
quiring a combined water and
electric light and .power system
for the City through the purchase
of the entire capital stock of the
Tri-City Utilities Co., a corpora-^
tion, and a simultaneous transfer
and conveyance by the company
of
the physical properties to
the
revenues
to
be
derived from
the operation of said system.
The
purchase price of the bonds is to
be paid simultaneously with the
transfer of the properties to the*
City as aforesaid for the purchase
of which the bonds are being is¬
sued,
and
the
delivery
of
said
bonds is to be made in Frankfort,
Denom.
of
issued in
said
construction bondso;i^
the
-
in
tion
were
recent elec¬
a
are-
City, and are payable solely from
V '
•
Bonds
been
voters
approved the
to
Des
the
bonds. The bonds will be awarded
F^b.
due Feb.
300,000
$14,000'building
";'
Creston, Iowa
in 1935 to refund a like amount of
tion
1953,
that: $6,500
|
The $900,000 of refunding ;4%s
of Feb.
of
'
,V, Bonds Sold
Supreme
-
Bonds Voted—At
after
storm, sewer
bonds approved by the voters at
a-recent election, have been pur¬
chased by Ballman & Main of
Chicago.
*:'J-a-aa/; •:
17 to
O. What
Cheer) Iowa
'■
/;<
Wellington,III. /'<•''v;A
000
101.85"
What Cheer Sch. Dist. (P.
(P. O.
;; Bonds Sold—The Village Clerk
reports
Co.,
jointly
on. Aug. 1 in 1. :'
1948;
2%r of ;.the ; principal basis of about amount thereof if
redeemed there¬
1945
Vandalia Sch. Dist. No, SO
handed
•
Curtis and
Paul H. Davis &
t
j.00,06,; and mature,
'
followed
Paine, Webber, .Jackson &
158, p. 442— 3% of the
principal amount therd-.
at a. price of of if redeemed on
or-prior to July
light was the fact that the army
made room in military hospitals
$12,000 1%% semi-ann.
bonds have been sold. Dated
here—v.
purchased
were
bnly
week
could
rants
Court in 1935 , in the so-called
equipment to Honolulu, also, in¬
Berman case. The State Court in
cluded
many
items not
made
that case ruled.that bonds could
available to mainland cities, such
not be issued to"' pay tax anticipar
as 2Q3 car radios and emergency
power
Kindred & Co. of Chieago, as 21/4S,
1931, j$l,400,000 became due and was paid
$13,125,760, which
A
i
Clerk
Town
Due on Nov. 1 as fol1943, $1,000 in 1944,
$500 in 1945, $1,000, .1946 to 1948,
$500 in 1849, $1,000 in 1950 to 1955,
and $500 in 1956.
any
Prjce Paid—The City Clerk now
reports that the $15,750 judgment
funding bonds sold to Bareus,
the.coupon due Sept. 1. on an
|v—' VAVandalia) III.
;.,
outstanding issue, of $5,500,000 of
r;| Bond Election Pending —It is
refunding ~43/4% .A bonds, " dated
reported that an election will be
Sept. 1, 1934, and due Sept.AT; held in the near future to-vote on
incinerators.
gency
Peoria, III
r
•;y.\:.Qi. ;'Y;:
'
County for 1943 reached the larg¬
est sum
in
the history of the
county, Mrs. Helen Griffin, tax
receiver, said recently. The gross
Cobb
/.
.
Phillips Co. of Davenport, as 2%s,
of
Due $10,-
lows: $500 in
•
and the fact
the water supply was not con¬
taminated.
An interesting side¬
valuations
Sold—The
states that
Oct.
redeemed.
was
1V2S.
Scranton, Iowa
Bonds
sewer
re¬
pation warrants of the board.
tax
associates,
000 in 1945 to 1952 incl.
$3,213,000 of second series
carrier, but it failed to reach pro¬
portions possible, the report said,
because of the general immuniza¬
Gross
National
Moines
Co. of Des Moines,
bonds
Cobb County (P. Q. Marietta),. Ga.
Valuations At Record High-
Iowa-Des
,
fever
GEORGIA
Reported—An
due
August 1 on $900,000 refunding
bonds, issued in
1935, bearing
said
the
Bank & Trust
balance canceled.
.
of $21,375;
43/4 % interest and due
funding bonds have been sold to
,
refuse
the
Default
payment
Secretary
$80,000 re¬
only $3,213,000 was sold and the
•/
landowners
or
Interest
interest
of
•
R. L. James states that
authorized
in
the
$5,200,000, although
was
.
15,
dated Dec.
issue,
City) Iowa
Sold—District
Bonds
,
of the cost of installing two new
objections to
granting of the amended peti¬
tion by the court at any time prior
to 10 days before the date set for
may
$40,000 road bonds.
1931,
amount
second series.
•
a.m.
1943, at 11
of
ance
latter
City, Indep. Sch. Dist. (P.
O. Mason
.
in the same
and ob¬
election at which
an
cational fund bonds,
The
Mason
of
obligations
$500,000 of edu¬
HAWAU^E
and other
1943,
circulated for
being
are
to refund
Thus, the board actually issued
faulted.
%
"ii
''AA' a
total of $5,513,000 of bonds to
Warrants Called—It is said that pay off 1928 and 1929 tax antici¬
Honolulu (City of) Hawaii
r
J. B. McCahey, President of the pation warrants.
Of this amount,
Reports on How It Withstood Board of Education, called for $4,113,000 was redeemed, and $1,War Impact — Experiences of the
payment on Aug. 6, the following 400,000. refunded. The latter was
City
and County of Honolulu Board of Education tax anticipa¬ the subject of Judge Jarecki's de¬
government during a full year of tion warrants:
cision.,:
JA;
-,C ' ' "i"
''
t»••
-V-1
;
operation under actual wartime
Educational
Fund, 1942.
Nos.
Informed .quarters in La Salle
conditions
wererecounted re¬ E-2078 to E-2125, dated Sept. 1,
Street said that Judge Jarecki in
cently in Honolulu's annual re¬ 1942.
:
V/.,,' V
/•
previous years had handed <jlown
port to the people. Central theme
Building Fund, 1942,T Nos. B- decisions in cases
brought by| tax¬
of the report was how the first 4684 to B-4900, dated Feb.
2, 1942;
payers holding the $900,000 issue
American city to undergo actual
Playground Fund, 1942, Nos. P- of
43/4s of 1955 invalid. The board
245 to P-255, dated Feb. 24, 1942.
enemy atack withstood the test.
of
education,
notwithstanding
Free Text Book Fund, 1942, Nos.
Many evidences of the close
..these" /&ecisfqns,;
working
relationship necessary T-603 to T-630, dated Feb.- 24, on this issue. The feeling at this
between
civil and military au¬ 1942.
:.;;v
time, however, is that the ques¬
.Holders of these warrants were
thorities during actual war con¬
tion. of the validity of this issue
ditions were indicated in the ret required to present them to the
should be fully adjudicated.
port, entitled "Honolulu in Glo¬ Board of Education, City of Chi¬
228 North ; La Cook
bal War," though many municipal cago,, Room 352,
County (P. O. Chicago), III.
activities related to the war ef¬ Salle St., on or before' Aug. 5,
I Judgment Funding Bill Becomes
fort were left untold because of 1943, in order that same may be
Law—Governor Dwight H. Green
security reasons.
•. • ••
v verified and interest computed;
so
that cash warrants drawn on permitted the bill enacted on June
Manpower problems hit Hono¬
30 by the State Legislature, to be¬
the City Treasurer may be issued
lulu earlier and harder than they
come a law without his signature
in payment thereof.
did in the states, resulting in the
on July 28, by which the
County
municipalp o 1 i c e
department
7 V;
Chicago, III.
v./.may fund all outstanding claims
playing a unique roll in attempt¬
School Board Defaults Interest and
judgments, amounting, ac¬
ing to solve manpower problems, On Invalidated Bond Issue—The
cording
to
Richard
J.
Daley,
the report said, according to infollowing report appeared in the Deputy Controller of the County,
lormation to the American Munic¬
1
Chicago "Journal of Commerce" to around $10,000,000. v
ipal Association.
,
J; of Aug. 3:
'"v', '
The bill allows the County to
The police department created
The Chicago Board of- Educa¬ refund
without
a
referendum.
a
new" "vagraney,; detail"
which tion yesterday defaulted on the The amount set by Mr. Daley ex¬
during 1942 "returned to old jobs coupon due Aug. 1 on its -out¬ ceeds by some
$2,000,000 the to¬
or placed in new work 2,917: men
standing issue of $900,000.; oftie?' tal which had been thought rep¬
who left their places without re¬
funding 4%% bonds, dated Feb. 1, resented the claims and judgments
lease."
The detail arrested 328
1935, and due Feb. 1, 1955. ;The outstanding, of which some $3,persons who refused to return to interest amounted to
$21,375.,The 500,000
represented s: judgments
work and 748 vagrants unwilling
default resulted from a decision against the County by the City
to work,
On the other hand, 203
handed down last week by County of Chicago
for; municipal court
job hunters applied for and re¬
Judge Edmund K. Jarecki, .which costs.VcKv AA.^/V A :.A A.:;a -l *
ceived police assistance in finding
held the bond issue illegal.'
r.
East
struction
21,
petitions
the voters would pass on the issu¬
1955, ;s
American cities
July
on
that
ported
:
acreage
position
filed
(P. O. Atlanta) III.
$500,000
issued
Bond Election Sought—It is re¬
taxesf.\ A'$125,640 loss in
acreage
that the amended petition together
with the amended plan of com¬
and any and all answers
braces
suffering severe Chicago Board of Education (P. O.
Chicago) III.
on automobile and
losses this year
over
Atlanta Tp.
county is
advised
are
plant,
ployes of the Bell bomber
district
the
ILLINOIS
$849,660 over last
increase of
according to the tax digest
delivery and not later than Sep¬ released by Mrs. Griffin.
A net gain of $550,390 is pre¬
tember 1, and to pay interest to
September 1, in such manner that sumably due to the new construc¬
tion in the county for the em¬
payment of overlapping interest
the sale
Monday, August 9, 1943
to
at
about
Aug. 25,
1943.
The
City will supply the approving
opinion of Chapman & Cutler, of
on
or
Chicago, and all bids must be "sub¬
ject to such opinion as to the^
legality of said bonds.
The cost
of such opinion and of Other legal
services
of
said
attorneys apper¬
taining thereto to be paid by the
.Volume 158
*■
v Number 4201
THE COMMERCIAL & FINANCIAL CHRONICLE
successful bidder.- The cost of the
ed out that
a
printing of the bonds will be paid
by the City.
Enclose a certified
included
the
the
in
Federal
postwar plans
of
Equitable
roughly estimated that this work
could
urer.
not
»:
Magoffin
>.
■
.i
-
County (PXO.
ville) Ky.'
Refunding
Plan
than
more
4
at
at
announced recently by Harry
'
R.
county's plan to issue $52,000 in
'
refunding bonds.
The bonds
.
will be used to refund $42,000
of bonds issued in
parish for
$12,699,200, F. F. Arcenparish assessor/ announced
eaux,
principal, and pay about $10,000
past-due interest on three series
valua¬
1916,-1928 and
valuations
ma¬
the
'of
debt.
The
>
includes
financial
a
haver' discriminated
would
'against floating-debt creditors, he
added..
'
>•
■
and, since the state tax
earlier
The
objection' "now
is
removed, since the way apparent¬
ly is clear for the County to pro¬
vide adequately for both classes
pf indebtedness," Mr .'Lynn said;
*
'
H
'
1
C*V
(
■
'v.*V
"•
Assumption Parish Gravity Drainage Dist. No. 4 (P. O. Pain<
,,'
courtvilUy La.
*
.
''
Bond
Offering
—
Sealed
will be received until 10
a.
on
_
the
that
heavy inventory of new
automobiles in garage and dealers'
floors at the first of
a
the
new
this
cars
year
valuation
against $883,590 on
revenue
$673,230 this
the
-
Louisiana (State!
of)
Favrot,
Board
of
bidders
are
offered for sale, then
as
sponsible bidders bidding the same
The Governor, the Comp¬
price.
troller
of
the
Treasurer,
or
said
one
as
bid for all of said
produce the
largest amount, and they may, in
\
Bond Sale—It is stated by Gen¬
pro¬
$450,000
of eral Counsel Arthur B. Hammond
-bonds for the development of a that a syndicate composed of the
drainage project in Iberia parish Equitable Securities Corp., the
on
President
Levee
Commis¬
date called.
.
.
Dated March 1, 1937.
Denomi¬
Due March >1,1947
Said bonds may be re¬
nation $1,000.
to
1965.
deemed
office
at
the
State
Treasurer's
in Baton
Rouge, at the HiBank, New Or¬
leans* or at the Manufacturers
Trust Co., New York City, at the
bernia
National
holder's
on
Commerce Union Bank of Nash¬
for
all, and they
bids
bidders
or
option.
date, called.
„
Interest
ceases
will
of
the
Sept. 22
; The
be de¬
of
successful
at
office.
Chapter
urer
The
—
t
Town
158,
356
p.
—
were
purchased by the Merchants Na¬
Bank
of
Boston.
Due
.
on
July 13, 1944.
Middlesex
County
(P.
O.
Cambridge) Mass.
Notes
Sold—County
the
bid
State
or
Treas¬
of
also
Treasurer
discount.
date of
Due three months from
issue.
>
>
was
the Second National Bank of Bos¬
ton, offering 0.247% discount.
MICHIGAN
Birmingham .Special
Assessment
Dists. (P. O. Birmingham), Mich. '
'
Principal Disbursement
uled
is
It
reported
Schedt
by
R. T,
Berger, Acting City Treasurer, to
—
holders
of
bonds
of
special
the
Birmingham,
assessment
former
Village
Mich.,
that
of
suffi¬
Indebtedness,
to
a
and
resolution
shown:
pur¬
of
to warrant pro
of principal' as
V
the
%of
Board of Public Works of
Mary¬
land, passed on July 14, 1943, and
on file and
open to inspection at
the office of said Board.
referred
to
said
original
'
r
,
'
'
'r' v -1
face value
of bonds
.
,
,
A.D.
Bidders
-
,
:
,
f
-outstand'
No.
Chapter 854
of the Acts of the General Assem¬
100
-
101
to this effect
71/2
116
%
714
117
9V2
126
129
-
V/z
9
134
,153
:■?;
5
-
130
General of
Maryland and. of Bartlett, Poe & Claggett, of Baltimore,
514
114
of the terms of this of¬
fering that, the certificates when
issued ;'will
be
legal and valid
binding obligations of the State.
The opinions
of the Attorney-
ing
61/2
*
~
bly of 1941, as containing the full
terms and provisions of this loan.
one
f
„
Runner-up in the bidding
v.
cient moneys have been collected
in the strictly special assessment
of
suant
East
C. P. Howard states that
$300,000
temporary
loan
notes
'were
or
Issued pursuant to
of the Acts of the
854
cates
the
Treas¬
notes
the Acts of
It is
ac-
XX-XXi
reports that the $30,000
sold on July 14 at
now
revenue
the
General
are
be
■■Vv1''/.//
Medfield, Mass.
Purchaser
re¬
bids.
any
receipt
upon
amount
de¬
reserve
the right in their discretion to
all
bids
Assembly of Maryland,
1941, as amended by
1943, Chapter 668, pro¬ funds listed below
of viding for the issue of the Certifi¬ rata disbursement
by
906,00<j>, are called for payment on
September 1, at par plus a pre¬
and accrued interest
posed
of
No telephone
cepted.
■
may
discretion, accept bids which
be for parts of said loan, but
not
be
Treasury and the awarded on
Aug. 3 to the National
in their discre¬ Rockland Bank of
Boston, at 0.22%
separate bids for parts of
loan
their
will
or
may,
tion, accept
loan
notes
about August 12, at
the above bank for Boston funds.
such certificates may be awarded
in a ratable proportion to such re¬
Session
stated
mium of 5%
yi Bond Issue Defeated—The
overwhelmingly defeated by
is
are
equipment, $146,800,
bank, $159,650.
■
F.
It
—
The
on
of the whole amount of
excess
certificates
urer's
826 to 3387, bearing
3%%, M. &
S., interest, to the amount of $2,-
acres of rural land, $6,824,city lots, $740,880, improve¬
ments
on
city lots, / $2,484,440;
and
interest
sioners,; that 314% semi-annual
Reparations ' Refunding
bonds.
Nos/ 482 to 825, and bonds Nos.
year.
for the 1943 tax rolls
an
on
Other valuations set by Mr. Ar¬
ceneaux
have
securities.
Call
Bond
Gervais
capped and not in production
brings that item from $738,325 in
1942 to
a
Orleans), La.
wells
/r.:'
was
in
responsible
on
•
new
setup and lowered assessment
pleased to send
Orleans Levee District (PxO. New
$755,180
Jan. 1, 1942;
from the
munic¬
without
Louisiana
of
and gas land
issuance
highest
bids and any accrued interest due
in
chandise this year was set iri the
for
livered
tional
bid for by such
individuals who
of
The valuation of all parish mer¬
books
Gray, Best, Coolidge & Rugg of
Boston.
the certificates
charge, on request
from either dealers, institutions or
normal year,
supply
it will be
copy
almost nonexistent.
was
dity by the First National Bank
of Boston, under advice of
Ropes,
0.448%—v.
so
an¬
current
to genuineness and vali¬
as
sible bidders have made the same
bid and such bid is the
highest and
ipal bond dealers throughout the certificates awarded will
country. / The firm also states; livered to the successful bidder
dry goods and grocery shelves far
par in stocks of goods for
was
cated
for
respon¬
sale but pointed to the fact that
heretofore a big valuation item
were
for the purchase
In¬ manufacturers, $201,110; merchan¬
terest rate is not to exceed 4%,
dise,. $775,180; business furniture
payable M-S. Dated Sept. 1, 1943. and.• fixtures, $96,290; irrigation
Due on Sept. 1 as follows: $500
plant, $157,560; oil wells, $673',230;
in 1944 to 1953, and $1,000 in 1954
agricultural tools, 1 $155,720;
oil
(P. O. New Iberia),
therefor
more
ject
not
830;
to 1963:
or
financial institutions and
that
400,424
Iberia Parish
bidders
or
Issued in
The notes will be authentic
year.
which proposals are
invited, may
be awarded by the Governor, the
under
retary of the Board of Drainage
Commissioners,
payable
are
Aug. 17, by Henry C. Montet, Sec¬
Of $15,000 acreage tax bonds.
interest
8, 1943.
ticipation of taxes for the
thereon is exempt from the Fed¬
eral Income Tax and from
State,
iana arid Its Parishes,"'and advise
that the booklet is being sent to
out
temporary loan notes, at discounts
Aug. 12, 1943.
Denomina¬
tions $25,000, $10,000 and
$5,000.
This
only
pointed
bids
m.
the
may
The loss in
LOUISIANA
attached.
coupons
and
Structures of the State of Louis¬
Mr.
year.
whereas
«
Due Nov.
interest
loan
Arceneaux
j
This
this
and all will be issued with current
bidder
.
1
Dated
and the amounts currently out¬
cash, and if two
standing, is also shown:
•5
,
Mr. Lynn said the principal rea¬
son he disapproved in May, 1942,
the County's original proposal to
issue $52,000 in refunding bonds
was that it contained no
provision
to take care of the floating debt.
Interest payable (J.
15). The certificates are sub¬
ject to xegistration as to principal,
& J.
state¬
The State of Louisiana bond
commission levies the assessment
voluntarily by bondholders.fl ' '
against f utilities
and
interstate maturity,calendarf as of July 15,
(: According to Mr. Lynn, a hear¬
corporations, the valuations " this 1943, which is presented as part
ing has been set for August 10, at year were expected to exceed the of the study,' shows the amount,
Frankfort, on the County's second 1942 figures by virtue of new pipe rate, date, month and year of
proposal to issue $40,000 * in 4% lines laid across the parish in the maturities on each of the State's
bonds to fund floating debts, esti¬ assessment
obligations.
year.
mated around $37,000.1 When the
A map of the State by counties
The loss in the local assessments
held a hearing July 21, on the is due to decreased
stocks of mer¬ apears on the back of the pam¬
first
; proposition,
Mr. 4 Lynn chandise on shelves plus a reduc¬ phlet showing the county seat and
granted the County's officials time tion levied on foil arid gas wells the
principal city in each county.
to
obtain
data
on
the
exact which have
been capped and not
Debt Structures Of State And
amount of floating debts and their in
production.
Its Parishes Reported—Scharff &
validity.
The big loss however was in Jones, Whitney Bldg., New Or¬
'/Approval of the second plan stocks held
by merchants which leans, announce the publication of
would enable the County to re¬
showed a big decrease as of Janf the 1943 edition of their "Bond
finance all "its indebtedness,
of V\ of 1%.
Comptroller of the Treasury, and
tax supporting it, the authority the Treasurer, or a majority of
them to the highest responsible
under which each class was issued
June 30.
This is $43,420 under the
$12,742,620 valuations ifor 1942.
However, the assessor pointed out,
these figures are only the local
1930.- The old bonds, which bear
5%, 5)4% and 6% annual interest,
respectively, are to be exchanged
outstanding
bond
debt, making up this aggregate, is
analyzed separately, and the pur¬
pose for which it was issued, the
is
1943
as
assessed
for
535
County and Municipal taxation in
On the opening of the
ment .of the State showing direct the State.
and
general obligations of the proposals as many of the certifi¬
State to be $154,799,000 as of June cates as have been bid for, not ex¬
15, 1943. f Each classification - of ceeding, however, the amount for
study
Reports On 1943 Assessed Valu¬
total
all
calendar
State's
tion of Jefferson Davis
4%
•*
turity
(P. O. Jen-
ation—The
v
a
S'"'
nings), La.
the debt structure of the
on
State of Louisiana and
cubic yard
a
Lynn, State Local Finance Of¬
ficer, that he had' approved the
,
phlet
cubic
per
Securities
Corp., New
Nashville, Tenn., invest¬
house, has completed a pam¬
ment
cost of
present prevailing wages.
Jefferson Davis Parish
Approved—It
a
cents
yard against 14 cents
Salyers-
.
was
later
The
—
York and
check for 2% of the amount of the
be done
Study : Released
Debt
-and
; Government
bonds, payable to the City Treas¬
J
^
similar project was
8
-
9
—
will be delivered to
successful
bidder.
To participate in this disburse¬
Bidders
if they wish, make the legal¬ ment, bondholders must, prior to
ity and validity of the bonds one Dec. 1, 1943, forward their bonds
of the terms of the bid by
making (if by mail, registered) to the city
the bid "subject to
legality" or treasurer, who will, within 10
using any equivalent form of ex¬ days, return check for the
pay¬
pression, but without leaving this ment and, in case of partial pay¬
question to the decision of the bid¬
ment, also return the bonds with
ders or their counsel.
All bids
payment endorsed thereon.
v
'
may,
,
.
Thibodaux, La.
Certificate
Call—Town
Clerk
Charles J. Conley is calling for
ville, McDougal & Condon of Chi¬
cago, the Robinson-Humphrey Co. payment on Sept. 1/ a block of
certificates
of
in¬
Although the voting was light, of Atlanta, and Kingsbury & Alvis $20,000 4%
the entire
parish registered op¬ of New Orleans, was the success¬ debtedness, Nos. 71 to 91, dated
conditioned upon the approval of
ful bidder on Aug. 3 for the semi¬ Sept.
1, 1941, at the National
position of $575,000 in property
or
Bank of Commerce, New Orleans. bidders
annual highway bonds
counsel,
whether Burton Tp. Sch. Dist. No. 5, Mich.
valuation.
aggregating
named
or
unnamed, I will
be
$1,100,000, at a price of 100.01, a Due On Sept. IinT954 to 1956.
Bond
Call—District Treasurer
The
assessment, • and- by
a
sizeable
popular vote in a recent election.
,
.
city of New Iberia with
an
net interest cost of about
2.083%,
$7,750,as follows:
000 voted $2,294,697, of which, a
Series
DD
bonds,
majority vote was against the is¬ $1,000,000
divided into $50,000 as 3s, due
suance
of bonds for the project
$25,000 on July 1,1947 and 1948;
which was to have included the
the next $275,000 as
2V4S, due
widening and deepening of the
assessment" valuation
Commercial
tion
the
all
of all
indebtedness of the nine wards in
The
cast
948
of
$25,000 from July 1,1949 to 1959,
$675,000 as 2s, due on July
1; $500,000 in 1960, and $175,000
canal, the consolida¬
drainage districts in
and
parish and the absorption of
outstanding drainage bonded
Iberia.
-
>
.
city
an
of
in
$100,000
total
a
"
Series
into
$25,000
which
Jeanerette
"
;
,
on
.
EE
$50,000,
July 1
as
in
$699,majority against
1949
$690,498.
and
1950.
the
issue
1
and
/',/
483
were
against
'7/;V; ;C,7X
Anti-tax supporters of the par¬
contended
earlier
that this
ish
was
an
inopportune time to levy
on an already over¬
further taxes
burdened public, and they points
bids
3s,
1947
debtedness
cates.
Due
as
Hal-
-
on
cates.
:
;
Due
-
:V
"
-
2.11%.
—
Sealed
until
noon
by
aggregating
Dated
Jan.
1941
Jan.
15
;
Dated
on
July
15
as
The Commercial and Financial Chronicle
award has been made.
certified check for 5%
able
Enclose
a
of the par
for,
pay¬
the State Treasurer.
to
15, 1942.
follows;
$54,000 in 1955, $55,000
1956, and $57,000 in 1957.
in
•>
Denom. $1,000.
The bidders are
requested to indicate in their bids
Nels
Aagesen is calling for pay¬
on
Sept. 2, at par and ac¬
crued
interest, at the Citizens
Commercial & Savings Bank of
Flint, bonds, dated March 2, 1936,
due March 2, 1966.
Series A, Nos.
6, 9, 18, 33, 40, 42, 50, 58 and 59.
Series. B, Nos. 23 and 28.
Series
ment
,
C, Nos. 2 and 14.
All bonds are
in $1,000 and $500 denominations.
MASSACHUSETTS
Chelsea, Mass.
1942,
Stuart & Co., Inc., and asso¬ the rate of interest to be paid on
ciates, offered 100.15 for $1,100,000 the bonds, on which rate their
2V4S, a net interest cost of about bids are to be based and submit¬
2.24%. :.vsv.;
ted.
The rate must be a
multiple
sey,
as
re¬
condition
certifi¬
15,
as
July
the
value of the amount bid
$451,000:
follows;
$55,000 in 1945, $56,000 in
1946, $57,000 in 1947, $58,000
in 1948, and $59,000 in 1949.
166,000 General of 1941 certifi-
•-,
of about
Offering
received
conditional bids and
is
waived by the bidder to the satis¬
faction of the Board before the
Hooper S. Miles,
State Treasurer, for the purchase
of the following certificates of in¬
in
Inc., and associates, of 100.08 for
$100,000 as '5s, $225,000 as 214s,
$775,000 as 2s, giving a net in¬
cost
Sept. 7,
on
and
and
terest
will be
as
jected ^unless
Maryland (State of)
Certificate
di¬
due
The second best bid was-an of¬
V By popular vote the issue was
fer by Stranahan, Harris &
Co.,
defeated by 68 ballots, 415 favored
the tax.
MARYLAND
$285,000 General of
bonds,
1948; the remaining $50,000
214 s, due $25,000 on July 1
assessment vote of
had
1961.
vided
*
treated
of
Midland, Mich.
I Notes Sold
of
'— A $300,000 issue
temporary loan notes were of¬
fered for sale
awarded
Co.,
.
to
Inc.,; at
on July 30 and were
Harriman Ripley &
0.58%
discount.
The First Boston
and
Corp. was sechighest bidder, offering 0.62%
discount.
*
Hampden County (P. O.
field) Mass.
v
Spring-
'
Note Offering—Sealed bids will
be received until
Aug. 11,
by Leo P. Senecal, County Treas¬
urer,
noon on
for the purchase of $250,000
Bond Sale—City Clerk Anna E.
Coons
states
that $10,360 First
Combined
Special
were
Lateral
Sewer
Imp't
Dist.
bonds
Assessment
awarded
on
Aug.
3
to
Crouse, Bennett, Smith & Co. of
Detroit, as IV4S, paying a price of
100.26.
Dated Aug. 1, 1943.
Due
on
Aug. 1 as follows: $2,000 in
1944 to 1947, and $2,360 in 1948.
7' Runner-up
for the
bonds
was
the Chemical State Savings Bank
of
Midland, offering
obligations.
par
for 2%
(Reg. U. S. Patent Office) William. B. Dana
Company, Publishers, 25 Spruce St., New York 7, N. Y., BEekman 3-3341. Herbert D. Seibert, Editor and Publisher;
Dana Seibert, President; William D.
Riggs, Business Manager. Published twice a week (every
Thursday (general news and advertising issue) with a statistical issue on Monday]. Other
Chicago—In charge of Fred H. Gray, Western Representative. Field
Building (Telephone State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Copyright 1943 by William
B. Dana Company. Reentered as second-class matter
February 25, 1942, at the post office at New York, N Y, under the Act of March 3, 1879.
Subscriptions in United States and Possessions,
$26.00 per year; 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 fluctuations in the rates of
exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
William
offices:
•'
V:
*>.
536
Oakland
total bonded
(P. O. Pontiac)
County
Mich.
:
V'■*■■■
;v.' u4..l - 3u
«„
Monday, August 9, 1943
COMMERCIAL & FINANCIAL CHRONICLE
munici¬
debt of the
pality was given as
A1,•.'
.1
THE
$1,916,500.
with
surplus of about $2,000,and City Coun¬
a
4% v highway
bonds.
Dated March 1, 1917./Due on
;267,000
•
000 and the Mayor
-:
i
;
is said to
of
issuance
the
authorized
have
$25,000 in bonds/to be used in
anticipation of the collection of
delinquent taxes, to pay off in¬
debtedness incurred prior to Jan.
"
•
?
State
of Tax Appeals
Board
,
"
Authorized—The
Bonds
March 1, 1967.
Interest paycil have agreed to use a portion
able M-S..
:
vV
missouri
stated by Earl
of the surplus to increase salaries
L. Clark, County Drain Commis¬
10,000 4% highway (registered)
and wages of city employees earn¬
! '
i>Sf. Joseph, Mo.
bonds, i Dated Marcn 1, i9ii.
sioner, that a syndicate composed
ing less than $3,900 a year, accord¬
Bond Sale
The $127,000 cou¬
of Blyth & Co., Inc., the First
Interest
ing to the Municipal Finance Of¬ i /Due March 1, 1967.
of
Michigan
Corp. of Detroit, pon semi-annual refunding bonds ficers Association.
payable M-S.
y
;
; ;
Paine, Webber, Jackson & Curtis offered for sale on July 30—V.
Attorney-General Rules Against
East WiUiston, N. Y.
of Chicago, Miller, Kenower
& ;58, p. 347—were awarded to the
Bond Interest Reduction—Attor¬
First National Bank of Chicago,
Bond Sale
The $10,000 drain¬ ney-General Goldstein ruled re¬
Co., Watling, Lerchen & Co., Mc¬
Donald, Moore & Hayes, all of De¬ as iy4s, paying a price of 100.31, age bonds offered Aug. 3—V. 158, cently that the State Comptroller
a
basis of about 1.22%.
Dated p. 444—were awarded to the Nas¬ cannot agree with a school district
troit, and Juran & Moody of St.
Paul, was the successful and only Sept. 1, 1943. Due on Sept. 1 in sau County Trust Co. of Mineola, for a reduction of the interest rate
Among as 1.20s, at a price of 100.05, a on bonds of the district held by
bidder for the $905,000 Southeast¬ 1948 to 1963 inclusive.
the other bids were the following: basis of about 1.179%. Dated Aug. the State. The inquiry came from
ern Oakland County Sewage Dis¬
Bond Sale—It is
:
.Bedford, Ohio
;v.
♦
—
1, 1943.
"
t/;":Cincinnati, Ohio
—
posal System revenue bonds of¬
fered on Aug. 3, paying a price of
For
1^2% Bonds
A
Stern Bros. & Co
—102.411
interest cost of Harris Trust & Savings
about 2.96%, on the bonds divided
Bank, Chicago,
and ,
-/!
as follows: $390,000 maturing Jan.
Empire Trust
Co., St.
1, $20,000 in 1948 to 1952, $25,000
Joseph, jointly
102.139
in 1953 to 1957, $30,000 in 1958 and
Halsey, Stuart & Co
102.052
1959, $35,000 in 1960 to 1962, as 3s, Baum, Bernheimer Co
101.566
$125,000 maturing Jan. 1, $40,000
City
National
Bank
& ,
in 1963, and 1964, $45,000 in 1965,
Trust Co., Kansas City—101.151
100.001,
net
a
1, 1943 and due $2,000 on Aug, 1
from 1944 to 1948 inclusive. Other
bids included the
and $390,000 maturing
1, $45,000 in 1966 and 1967,
$50,000 in 1968 to 1973. as 3s.
C.
Jan.
and
No. 2, Mich.
Troy Tp. Sch. Dist.
new
Commission
(P. O. Camden) N.J.
Bond Redemption Notice — It
y Tenders Not
Submitted—It is
stated by Director N, R. Barnard
is
stated by Joseph K. Costello,
in Secretary, that the above Com¬
connection with the call on Aug. mission has called for redemption
2, of 1935 refunding bonds and all of the bonds of an issue known
certificates of indebtedness, dated as
The Delaware
River Joint
Aug. 15, 1935.
J .
Commission
Philadelphia - Cam¬
Mr. Barnard also reports that den Bridge bonds, dated Sept. 1,
bonds Nos. 16 and 24; are now
1933, which mature on or after
called for payment.
Sept. 1, 1944, bearing interest at
the rate of 4Vl%\ now outstand¬
Warren Tp. (P. O. Warren) Mich.
that
tenders were received
no
of
1943
principal
$35,238,000. Payment of
semi-ann. sewer revenue
(non-callable) bonds of¬
will
be
thereof
158,
fered for sale on July 27—v.
the
in
ing
3%
$300,000
Sale —The
■Bond
coupon
on
Land Title
\
>
Mich¬
Supervisor, will re¬
Town
until
bids
sealed
1
^ Columbus, Ohio
-■■>•■■
/"
and
the
amount of
said bonds
upon
y4
must
be the same for
The
bonds.
Town
the
under
the powers and duties of
Comptroller and of the statutes
dealing with public securities dis¬
closes an absence of the grant of
Dated
all of
Town operates
Principal
Law.
Fallsburgh
the
compromised
claims
Bank.
Is¬
of paying
proceedings .and
purpose
in
brought
the
Supreme
announced
he
{
of
which will be used to redeem, on
Aug. 19 vari¬
blocks of State of Minnesota
ous
local
and
municipal
bonds,
presently held in the sinking fund,
and aggregating $747,000.
Wright
No. 71
j
County Indep.* Sch. Dist.
(P. O. Annandale) Minn.
Maturity
now
ann.
The
District
Clerk
$40,000 semirefunding bonds sold jointly
the
to
—
states that the
Allison-Williams
Co.
-
of
Minneapolis, and Kalman & Co. of
St. Paul, as l%s, at par—v. 158,
p. 443—are due on Aug. 1 as fol¬
lows: $5,000 in 1944 to 1949, and
$10,000 in 1950. ■
'
.
mississippi
Debt
Reported At $1,-
916,500—A report of the city for
the third quarter of the fiscal year
.
ending
June
that
$880.
lows:
bonds aggregat¬
-
1945
for
fol¬
$3,880 in 1944, $4,000 in
to 1948, and $5,000 in
Due
$1,000,
Nov. 1
on
one
as
4;,; 1949 to 1953, all inclusive.
15,000 resurfacing bonds. 4 De¬
.
nomination
1, a presently outstanding
Authority issue of $13,865,000 of 3%% of general and re¬
prior to the delivery of the Avery
the
income received by
the following
Nov.
1
1944
to
as
$1,000/
follows:
rate
Interest
and
1948,
1949 to 1953.
jr."
*
is
Due on
$2,000 infcv
in
$1,000
.
not
to
exceed
3%, payable M-N. Rate to be in
multiples of V4 of 1%.
No bids
for less than par and accrued in¬
terest to date of delivery.
The
bonds to be delivered to the pur¬
chaser in Lorain.
Principal and
of
Au¬
thority: Uniform Bond Act of the
interest
payable at the office
Fund Trustees.
the Sinking
State
and
ordinances
5250,
Nos.
5251, 5258 and 5259, passed by the
City Council on July 6 and 28. A
complete transcript of the pro¬
ceedings had relative to the above
issues to be
approved by Squire,
Dempsey of Cleveland, £
be furnished the successful
Sanders &
will
bidder upon the
day of sale.
The
opinion of such transcript
to be paid by the successful bid¬
der.
Enclose a certified check for
iegal
County
,
bonds
.
private holders from bonds of the
same type and character shall be
taxable by the terms of any Fed¬
...
—
Bond Hearing
Held—The Board
of Freeholders held a
public hear¬
ing Aug. 5 on a resolution author¬
izing
the
issuance
of $190,000
30, reflects
bonds and bond anticipation notes
have been met
for the purpose of financing the
they matured and the city is
cost of county projects.
a cash basis in all funds, city
1942-43
that all obligations
as
Lawn) N. J.
Brunswick) N. J.
Biloxi, Miss.
Bonded
(P. O. Fair.
bids until
Aug. 20, for the purchase
(P. O.- Newland) 2% cf bid.
■"
NC(A sale had originally been
Sealed
Tenders
Invited—It is
Bond Sale — The $210,000 issue
scheduled for Aug. 12, of similar
of semi-annual school bonds ofstated by Grant Webb, Clerk of
bonds in the amount of $61,667the Board of County Commission¬
lered for sale on Aug. 3—V. 158,
V. 158, p. 445.)
eral incpme tax law, the success¬
ers, that he will receive sealed
p. 347—were awarded to a syndi¬
ful bidder may, at his election, be
tenders until Aug. 18, at 11 a.m.
cate composed of B. J. Van Ingen
Milford, Ohio
relieved of his obligations under
& Co., Inc., H. L. Allen & Co., both
(EWT), of general refunding or
the contract to purchase the bonds
Bonds Sold—A $6,000 issue of V
school
refunding
bonds,
dated
of New York, and C. P. Dunning
and in such case the deposit ac¬
street
improvement' bonds was
& Co. of Newark, as 2.20s, paying
July 1, 1938, payable July 1, 1963.
companying his bid will be re¬
Each tender must specify the awarded on July 17 to J. A. White
a price of 100.32, a basis of about
turned.
Enclose a certified check
& Co. of Cincinnati, as iy2s, pay¬
face amount of the bonds of each
2.17%.
Dated Aug. 1, 1943.
Due
for
2%:; of the bonds, payable
issue, must state the dollar price ing a premium of $35.59, equal to4
on
Aug/1 in 1944 to 1969 inclu¬ to the Town.
100.593. '
per $1,000 par value of the bonds
sive.
y
?
Other bids were as follows:
offered plus accrued interest from
Second best bid for the bonds
New York (State of)
For 1%% Bonds
July 1, 1943, at 5% per annum
was
an offer made by Ira Haupt
Bonds
Purchased
The fol¬
on said
par value, and shall be
Weil, Roth & Irving Co
100.43
& Co. of New York, and associ¬
lowing improvement bonds aggre¬ understood and agreed to be a Pohl & Co
100.42
ates, of 100.213 for all 2.20s.
gating $1,848,000, were purchased firm offer until Aug. 19, at 11 a.m.
For 2% Bonds
on Aug. 3 from the
Middlesex County (P. O. New
Metropolitan (EWT).
/'•■,;;■ ;■' Provident Savings Bank &
Sinking Fund Offering Bonds— Fair Lawn Sch. Dist.
on
sealed
receive
on
Denomination
Port
.
It is stated by
$44,880 street improvement bonds,.
Nov.
pany,
—
Frank, City Auditor, that
ing $59,880:
that
4
sell
Lorain, Ohio
s
,
will
noon
.
The city will
.
Earl R.
.
.
Denom.
Bond Offering
Court ' of
Sullivan
County
by
funding bonds due in 1976.
Philadelphia, the Fiscal
an
reason of'contracts made by the
The new issue, to be known as
Agent of the Commission, at the
ment, the only bid received, ac¬ redemption price of 105% of the Town on behalf of South Falls¬ the seventh series, will carry a
cording to the Township Attor¬ face value thereof and accrued burgh Water District.. The period 2%% coupon and will be dated
of probable usefulness of the ob¬
ney.
Dated Jan. 1, 1943. Due on
Sept. 1, 1943, falling due in 1973,
interest to Sept. 1,1943. The hold¬
Jan. 1 in 1948 to 1973.
j !
ject. or purpose is 20 years.
Said Frank C. Ferguson, Chairman of
ers of said bonds may, at their
bonds are authorized by Chapter
Bond
Call—Township;
Clerk
the Authority, revealed.
option, present them for redemp¬
William Lawson is said to be call¬ tion at the full redemption price 388 of the Laws of 1942.
In announcing the forthcoming
The bonds will bet valid and
ing for payment on Sept. 1, at par and accrued interest to Sept. 1,
offer, Mr. Ferguson stated that the
and accrued interest, the follow¬
legally binding obligations of the essential nature of Port Authority
1943, at finy time on or after Aug.
Town, payable in; the first in¬ traffic has
ing 1937 Refunding bonds, dated
kept earnings at a level
2, 1943. - ' Registered bonds shall
stance from a levy upon the prop¬
March 1, 1937 and payable March
which is reflected in the "con¬
be
presented by the registered
erty
in
the
South, Fallsburgh
1, 1967:
;
tinued and exceptional strength"
owner, or shall be accompanied
Water District, but if not so paid,
Series A, Nos. 1 to 105.
of Port Authority securities. "The
by instruments of transfer satis¬
Series B, Nos. 1 to 16."
:"4 4 - factory to the Registrar. The payable ultimately from ad valo¬ closing of the electric ferries at
rem
taxes which may be levied
Series C, Nos. 1 to 125.
Z - : bonds will cease to begr interest
on
all the .taxable real property Twenty-third Street, and the colThe bonds should be delivered on; Sept. 1, 1943.
Bondholders within the Town without limita¬ •ec|ion of military tolls w^hich
to the Detroit Trust Co., Detroit, presenting, coupon bonds for re¬
tion as to rate or amount. The starred on July 1," Mr. Ferguson
for payment.
demption, are requested' to pre¬
addaqj "are expected to further
|| ^ gv
opipion of Hawkins, Delafield &
sent them with the Sept. 1, 1943,
improve Port Authority earnings."
minnesota
and1 subsequent interest 'bdupohs Longfellow, of New York City, to
this effect will be furnished to the
north carolina
attached.
"
' ,fii
v-.1.:;
Minneapolis, Minn.
; ! \
successful bidder.
In the event
147—were purchased at par by
agency of the Federal Govern¬
p.
Trustees. \
:
; '
,
bids, will
be received up to 11 a. m. on Aug.
10, for the purchase of a new issue
of $14,281,000 of general and re¬
funding bonds, the proceeds of
National
for
City
the
by
up
Fund
payable at the South
sued
Sinking
$1,000.
Sept.. 1, 1943.
Due $3,000
from Nov.
1, 1945 to 1954 incl.
Prin. and int. (M-N) payable at
the City Treasurer's office.;
•
taken
lining
have
storm
:
.construction bonds will be
sewer
p.m.
and interest
4%
that$30,000
Clerkt
the
one-tenth of 1%
or
•/ <■ •,/ ■ *
Report—It ; is
Disposal
by Helen T. Howard; City.
stated
.
of the State Constitu¬
on
of
tiple
Bond
;
such authority,", said the Attor¬
Aug. 11 for the pur¬ ney-General.
"Nor is there," he
chase of $15,500 not to exceed 6%
added,
"any r general
grant of
interest
coupon
or
registered
power to the Comptroller in such
South Fallsburgh Water District
terms as to justify the deduction
bonds of 1943.
Dated Aug. 1, 1943.
of the existence- of an implied
One bond for $500, others $1,000
power of this kind."
each.
Interest F-A.
4
Due Aug. 1, as follows: $1,500 Port of New York Authority, N. Y»
in 1944, and $1,000 in 1945 to 1958.
Bond Offering — The Commis¬
Rate of interest to be in a mul¬ sioners
of
the
said
Authority
(EWT)
presentation
Sept.:-!, 1943, at the
Bank and Trust Com¬
made
a
ceive
jersey
/
Bond Offering—Mortimer
aels,
Delaware River Joint
<
burgh), N. Y.
purchased years
■•'-.>-/«;•
in 1944 to'
1948//g|^^^
by the Comptroller for invest¬
ment in the State's Canal Sinking
■■
►
purchase
•.
Due on Sept. 1
bonds.
tion and the several statutes out¬
Fallshurgh (P. O. South Falls/
been
equipment
partment
ago
"A study
23/4s,
as
had
bonds
100.08;
F. Childs & Co. and Sherwood Fund,DuPont & Co., iy4s,
cis I.
,
following: Fran¬
passed an ordinance re¬
cently calling for $6,000 fire de--
up-State school district whose
an
City
Bonds /Authorized—The
Council
Life Insurance Co. of New York,
syndicate composed of Blyth
& Co., Phelps, Fenn & Co., Salo¬
mon Bros. & Hutzler, R. W. Press-
by
a
Bonds
accepted must be pres¬
days of such ac¬
ented within 10
ceptance with Jan. 1, 1944 and
subsequent coupons attached at
the Avery County Bank, Newland,
Harris
prich & Co., all of New York, the
Trust & Savings Bank of
for
Chicago, the Equitable Securities
they were so tendered.
payment at the price at
which
Trust Co.,
Cincinnati ,>—100.22
Muskingum County (P. O.
ville) Ohio "
Bond
Sale—The
Zones-
$45,000 semi-
reassessing
real
property
bonds offered for sale on Aug. 4
ann.
awarded to
Inc., of Chi¬
York:■ f.;; /.
cago,
as
Is, paying a price of
"■
:
new mexico
Alliance, Ohio
:
was
reported at $217,698.74 and
100.475, a basis of about 0.83%,*
$366,000
4%%' highway bonds.
investments in government bonds
Bond Call—-The City Treasurer
Roswell, N. Mex.
* 5,1
Dated Aug. 4, 1943. Due on March
Dated Sept.' 1, 1913.
Due on
of $5,000 for a total of $222,698.74.
is said to be calling for redemp¬ and Sept. 1 in 1944 to 1948.
Bond Issuance
Sanctioned
Sept. 1, 1963.
Interest pay¬
Normal
expenditures for the The
Second best bid was made by
Assistant
State
Attorneytion at par and accrued interest
able M-S.
quarter were given as $176,878.32, General is said to have held legal
Fox, Reusch & Co., an offer of
519,000 4V2%' highway
(regis¬ on Oct. 1, a total of $46,800, 5%,
with added expenditures for new
100.43 for Is.
the city's proposal to issue $45,000
tered) bonds.
Dated Sept. 1, Deficiency bonds, dated Oct. 1,
construction,
including
schools,
J bonds, with which to repay funds
1913.
Due on Sept. 1, 1963.
Norwood, Ohio
refunds, water works and invest¬ advanced
1935, Nos. 95 to 140 in the denom¬
by the State Finance
Interest payable M-S.
"Bonds Sold
The City Sinking
ment in war bonds raising the
ination of $1,000 each and No. 141
Board.
534,000 4y2% canal bonds. Dated
amount to $249,810.99.
Fund Trustees have purchased atv
Jan. 1, 1914.
Due on Jan. 1, in the denomination of $800.
Assessed valuation of property
new york
par, 6,500 4%
motor equipment
1964.
Interest payable J-J.
Holders of said bonds should
was set
at $9,435,151 with an ad
purchase
bonds.
Denomination
Buffalo, N. Y.
152,000 4V2% canal (registered) present them with all unmatured
valorem levy of 33 mills.
The re¬
$1,300. Dated June 1, 1943. Due
bonds.
Dated Jan.
1, 1914.
Reports $2,000,000 Fiscal Year
port stated that 96% of this tax¬
coupons at the City Treasurer's $1,300 from Dec. 1, 1944 to 1948
Due on Jan. 1, 1964.
Interest
ation is anticipated to be collected, Surplus — The city
ended .the
inclusive.
Principal and interest
office.
with 90%
payable J-J.
1942-1943* fiscal year on June 30
already made.
Th$
on
officials
announce.
Cash
on
hand
Corp., Roosevelt & Weigold,; and
Geo. B. Gibbons & Co., all New
.
—v.
ohio
158, p. 349—were
Halsey, Stuart & Co.,
.
—
'
'lV.VV6''V, Vftr'
4HV3 C
n
f
V?*"1!!!.
>i At
•
I':
Volume
158:
Number 4201
THE COMMERCIAL &
FINANCIAL CHRONICLE
i
—P
(J-D) payable at the First Nation-
[\y
al Bank of Norwood.
;v /*■'
1
Bond
Bonds Offered to Public—A
$69,000 issue of. 3%'% semi-ann.
;
water
Co.
works
refunding bonds is
being offered by Nelson, Brown¬
ing & Co. of Cincinnati, for gen¬
eral investment.
Denom. $1,000.
Dated Aug. 1, 1943.
Due on Aug.
1 as follows: $4,000 in 1944 and
1945, $5,000 in 1946 to 1950, and
Bonds
$6,000 in 1951 to 1956.
maturing
on
callable for redemption as a
whole or in part at the. option of
the Village in the inverse order of
their scheduled maturity
upon 30
days' notice
bn or after
on
1944
to
Second
1947
highest bid
lage
refunding an issue of
originally authorized for
such purpose and are issued under
authority
XVIII
of
of
State
and
nance
Section
the
pursuant
passed
These
bonds,
counsel,
12,
Article
Constitution
to
of
property,
the
on
well
as
same, according to the
the mortgage indenture.
Bond
of
bids
Bond
,
Sale
Auditor
J.
Stritch
fire
city
March 1,;
•Sept.
1,
.to
1948
able at the
Bonds
County
*
Commissioners
a.m.
(EWT),
bonds
will
of
be
5s at par,
1:
$2,000 in
1945.
and
in
the
Bonds Authorized
is
ance
said
to
by the City
—
bonds
of
the
bonds
deduction
present
any
the
assessed
or
or
by law,
levied
"
within
the
certified
for
;
v
't
mm
•
day adopted
"We
of
those
preferred and common 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."
'
^
Company and Issue—
Alabama
Gas
Alabama
State
\st mtge. 41/2% bonds due 1951——Sep
Bridge Corp., 4% bonds due 1952_
Dec
Co.,
Allentown-Bethlehem
1st
Date
mtge. 3%%
Gas
Co.—
7'/v
bonds due 1965
American Lime & Stone Co.,
I;
1%
'
ines-; 4J/2%
-
-
-
:
■
452
22
%%
bonds, due
1943
-Sep
J2008
1
Atlantic Coast Line RR. of So. Carolina 1st 4s due 1948-Aug 31
& Co.—Brooklyn Bldg.—1st mtge.
""
Baumann^ (Lndwig)
v
fee
6%
bonds due 1942
"
1
•'
■'
t
*
;.*>v...
-Sep
7——
(modified)*- __-U___--„-_-_-:_Aug
t.
/1
,
on
its
9
-
156
The
&
Power
ref.
.
'•
481
..
collateral
Carolina; Clinchfield &
' 7
U
trust
bonds,
due
v■/•'as
of
of
as
tice
of
is
Page
1
■*
288
356
3Vs%
20-yr.
614 %
due
4%
__—
*
Gas
;r bonds/due
Mont
Conv.
&
Electric
1
5%
Co.,
6 Va %
■»
notes due
1948
minion
Deben¬
accompanied
by
the
as¬
on
ment
in the
as
case
of coupons.
Company and Issue—
due
1965
Date
—;
———
Grain
1st
bonds,
/
Sep
1949—
Sep
preferred stock__Nov
5s, due
Inc.,
1
■
485
series
——
1st mtge.
&
Page
mtge
—Sep
...
1
289
1
485
1
390
.
Publications, Inc.-—
*
.
7.
mtge. & collat. trust 614 % serial gold bonds dated
.
,
1,
1927
Aug 16
—
—
392
290
487
290
Iowa
Power
ref.
mtge. 6s,
&
Co.—
—
*
*
International
484
Ref.
*
Paper Co.—
338
Sep
1
Sep
1
$2349
Iowa P^r & Light Co., 1st mtge. 4!/aS, ser. A, due 1958_Sep
•
484
1
87
1
*
mtge.
Interstate
;
T
v."
be
series A, due 1953
Oct
1
Inspiration Consolidated Copper Co., 1st mtge. conv. 4%
bonds, due 1952
.--Oct
1
Interlake Iron Corp., 4% conv. debentures, due 1947—Aug 10
387
•
Canada.
ownership certificate re¬
quired by the Dominion Govern¬
no¬
1st
15
-Aug 23
"The
Illinois
*
1
of
should
9
trust
_Dec
tures
Huntingdon & Broad .Top Mountain RR. & Coal Co., 1st
% mtge. 6s, series A and B
Aug.
483
6
of
the usual
Nov.
,
*
tion thereon of such payments
interest at any branch of the Im¬
Hearst
*
1
in
ending
'
'
/"■'iv' '-'
v'-l/v.:1st mtge. 514% bonds, ser. A, due 1949——
——Aug 33
Gulf, Mobile & Northern RR., 1st mtge. bonds, ser. B & C Cct
1
*
283
1
half-year
perial Bank of Canada in the Do¬
says:
1st
!
on
tion of their debentures for nota¬
Malting Co.,
General Steel Castings Corp.—
288
Oct
collateral
advising holders
Aug. 15, 1943, being at the rate of
$12.50 and $6.25 for each $1,000
and $500 denomination.
Holders
will be paid interest on presenta¬
5%
Federal Screw Works,
83
1
1962
Laboratories, Inc.,
H.
-
Sep
1
notes due 1950—Aug 20
_________Sep
1
1945
(Allen B.)
C.
-
Froedtert
Aug 30
Consumers Co, of Illinois, 1st mtge. 5s due
1956_r
__Sep
Cudahy Packing Co., 1st mtge. 3%s, series-A, due 1955_Sep
Danville Traction & Power Co., 1st mtge. 5s, due
1951__Sep
Deep Rock Oil Corp.. 12-yr. 6% debentures due 1952__Sep
Dominion
%
which matured
the
of
Elgin, Joliet & Eastern Ry. 1st mtge. 314%
A, due 1970
288
debentures due 1956_~_—.—
Cigar Corp.."10-yr.
prior preferred stock
Co.
based
5s,
386
series D bonds,
is
East Tennessee & Western North Carolina RR.
$2146
mtge. 414%
Province
of)
Scheduled—
Payment
debentures
respect
10-10-43.
call
1
ref.
interest.
debentures at the rate of 2V2%
bonds, dated 4-10-1925, called
Sep
1
Cleveland Cloth Mills Co., preferred stock
:_u__.Aug 31
Cleveland Securities Corp., 1st mtge. collat. trust 4%
bds.Aug 15
Colon Development Co., Ltd.. 6% red. conv.
pref. stock.Aug 25
Connecticut Light & Power Co.—
1st &
of
52,000 Terry Co. C. H. & J. 6%
-Sep
1965_Sep
Chesapeake & Ohio Ry. series A preference stock
Chicago & We«tern Indiana RR. Co.—
.t_:
The
V
'
1
>
10-10-43.
..7'
1946^
Langlie, Chair¬
Authority, that
Toll Bridge revenue bonds num¬
bered 421 to 740, are being called
for payment on Sept. 1, at par and
Interest
bonds, dated 7-10-1922, called
__Sep- 1
debs.__Sep 15
debentures due 1947
B.
of the above
ALBERTA
of 9-15-43.
as
of 9-1-43.
as
wDate
•
,
Alberta (Province
86,000 Dallam Co. C. H. & J. 6%
Aug 16
Ohio Ry., 1st 4s, ser. A. due
10-yr. 4 V2 %
r.
Wheeler
•7
bonds, ser. A, due 1954
Ltd., 5V2 %, 5 r!o and 4J/2%
Arthur
ernor
man
v-w'i;
bonds, dated 6-1-1925, called
_____Oct.
5%
Wash.
Bond Call—It is stated by Gov¬
accrued
Collingsworth Co. C. H.
bonds, dated 3-15-1931,
54,000
Co.,—
mtge.
Corp.,
that
Washington Toll Bridge Authority,
followsi"
as
The committee
Co., Inc., preferred stock
Pacific Ry.—
4VsVo
20-yr.
Celotex
\
\
&
31,
8-1-43.
called
/
against the
'Creamery Co;, $5 preferred stock
(Sidney)
of
as
5%
debt because
state
Governor emphasizes
Company and Issue—-
Du
,
a
its
issues
2Yts
$6,500
non-optional,
as
of 10-10-43.
114,000
/any
criticizing such
it had failed to provide
loss of revenues." 7-7
Consolidated
'.7
1
guaranteed preferred stock
California-Arizona I
.
81
1
-
are
(
Sep
—_v—
;
Atchison, Topeka & Santa'Pe Ry.—
'
•'•
*
>
1
1st mtge./bonds due 1951—Sep
Armour & Co. of Delaware—
I
■
Page
1
who
in
the
of
Co."
&
35,000 Cochran Co. C. H. 6%
Feb.; 15, 1940, that the Province
bonds,
dated i 10-10-1924,
,will pay interest to holders of
called as of 4-10-43.
5
sound busi¬
a
of
42,000 Bailey Co. C. H. & J. 6%
bonds, dated 2-1-1925, called
a
policy and one which will
protect the state's credit. Surely,
$116,000,
Canadian
bonds, pqtes,
is
includes
list
a
Jufy
as
are
this
County decision. The
.
diverting
being
result of
a
July 27
on
Nelson
Spokane, as follows:
and $6,500 2V2S.
bonds, dated 6-15-1926, called
the Governor asserted,
laying up a surplus to
meet all the state's indebtedness.
"but
was
sold
was
E.
-
ness
River
bonds
Arthur
which' calls have been issued
funds,"
We believe
Blumenthal
Sale—An issue of $13,000
water works system purchase rev¬
to
are
as
^
Bond
$212,000 !!fom Green Co. C. H. 5%
to
resolution urging
not.
are
default
1st
list of corporate
a
which
Committee
of
as
constitutional amendment to stop
the diversion of funds.
Canadian Breweries,
a
:
issues
originiaily; sold
plan would not want Tennessee to
Broad
Notices
Below will be found
fees
*
7...
Rosalie, Wash.
of)
A statement
—
State
the
bonds.
date
on
and
following districts to refund these
bonds: $39,000 Kalama Sch. Dist.,
and $17,500 Woodland Sch. Dist.
recently by the Municipal
statement '
-
the
Beatrice
iY"
■■
ceases
Texas (State
the Cochran
said
The highway association Thurs¬
law
'
'
motor ■ vehicle
to local press sources.
District.
check
torney-General
Co.,
New
option of the
the
at
v
Treasurer recently authorized the
the
at
or
121.
Sch. Dist's. (P. O.
Kelso) Wash.
Refunding Authorized—The At¬
Trust
Interest
county
"rionhighway purposes," according
payable to order of the district, is
required.
Legality to
he - ap¬
*
'
sion"-' of
property taxable for school pur-*
poses
Ten¬
Municipal League, both Of which,
in recent meetings went on rec¬
ord in opposition to the "diver¬
any
all
the
to
bonds Nos. 1 to
on
stated by N.
Austin,
currently redeemed
on
assumes
on
indicated the chief
referred
ability."
Cowlitz County
~
Association, in regard to various
•
County Highway Officials'
Association, and the Tennessee
pay-i
-
:
to
affected
Local Imp't. Dist. No,
(P. O. Aberdeen) Wash, y
1004
Group of the Investment Bankers
nessee
ac¬
all
was
executive
thereon
Commonwealth/
'
-
not
policy, it
and
future
-
bonds
WASHINGTON
Securities Committee of the Texas
taxes, by
mentioning by name
critics of the administration's
any
or
levied
'
While
hereinbe-f
be
A
of motor vehicle
use
tory."
Rate of interest to
Said
City,
issued
declaring the highway fund "now
Redemption Galls and Sinking
•
the
of
Aberdeen
are
ty Bond Calls
has the largest surplus in its his¬
value, of ; the ^ bonds and
holders
the full extent of their
I. B. A. Group Reports on Coun¬
July
interchangeable
interest.
It is
—
Bank,
.■"'>7,
policy of building up a sur¬
plus in the sinking fund through
registered form,
the denomination
posed
passed
tional
tion's
and agrees to pay.
These Obliga¬
tions will be payable from ad val¬
orem taxes within the limits im¬
An ordin¬
issue
to
>1
1
all
called for payment
October 10, at the Capital Na¬
on
Of
be
which taxes the District
$13,000 street im¬
provement bonds.
;
called.
of)
will ;
under
in
$124,527.32,
holder.
Critics
took
the
continuing their efforts to protect
Smith, City Treasurer, that all
outstanding 3% to 5% refunding,
Series 1934, bonds, dated April 10,
1934, Nos. 1 to 126, aggregating
York
coupon
to
of
Cooper
in
have announced their intention of
:
Bond Call
Fund Policy—Governor
Prentice
same
for
Council, calling for
the issuance of
Answers
Court
County case, a very large
majority of the Texas dealers
enue
as re¬
Supreme
decision
9, bonds Nos. 1 to 28, and coupon
-
24 with critics of the administra¬
after
\
have been
Tennessee- (State
!
the
Cochran
<
H.
J
•
Highway
form,
the
No. 1
South Houston, Texas
*
v 7
■
.
Governor
taxes, except succession of
inheritance taxes, now or here¬
assess¬
Wadsworth, Ohio
X
$10,000 or $100,000 or both.
Due $290,000 Sept. 1, 1944 to
1963;
tax
Clerk
*' <
%
Aug. 1 in
callable after Aug.
on
TENNESSEE
at
remedy.
."Notwithstanding
>,
of
$60,000 general obligation,
$35,000 revenue bonds.
Manufacturers
7.7
tions of
par;
Interest payable F-A.
%
!'
to
at¬
and
Dakota
National Bank of Yankton. Dated
de¬
or,
able; without
$3,000
First
Due
these
3.40s:
Yankton, and the remain¬
to-the
It appears
of
torneys that bonds should not be
released regardless of the call, un¬
til they are convinced
there is
no
1
opinion
cura¬
said
the
ing "$15,000
different rates will be considered;
Bids must be for not less then the
mature on Aug.
1944,
improved
the
on
Bank of
tire issue and at only one irate of
interest and no bid combining two
State
purchased by the
'and
rev¬
The following
aggregating $95,000,
bonds
until
efforts, legal and otherwise,
be
to
—
,
$1,000 each,
in fully registered
Sold
were
be in multiples of .% of l^ Bids
will be received only for the: en¬
First National Bank of Versailles,
as
that
>
Aug. 2—V. 158, p. 349—
purchased at par as follows:
$15,000 to the American State
1
on
.
crued
$5,000 special
were
have
•
call
tive
act
;!•"~/-■
-we
the
convinced that all
Bonds Called — It is reported
to have been purchased
19 by the J. R. Phillips, that James H. Fuller, City Treas¬
Investment ■ Co.
of
Houston, as urer, called for payment- on July
The City Auditor
—
1955;
the interest thereon will
ment notes
Sale
1946
fore set forth.
^ -Versailles, Ohio
states .that
anticipation of
with
are
have been exhausted.
year
retirement
accordance
July
$30,000 2% semi¬
annual airport bonds offered for
interchangeable
issue
Notes Sold—The Village
on
Yankton. S. Dak.
states
from registered to coupon form
and will also be
$270,000 refunding bonds;
7%
DAKOTA
of
they
an¬
the requirements of that
Bonds
•
sewer
'
refunding bonds. Dated Sept.
1943. Interest M-S.
from
pay¬
to
debt
think
on
Boston. *1
Bond
or
Board ;of Tax Appeals is said to
have
authorized
the £ Board
of
•
<
2, 1946.
as
The
—
1
laid
much for
as
declines/
of
1943;
series
City Treasurer's office.
Approved
10.30
quested, and
'Summit County. ($Q. Akron) Ohio
'
Bank
Aug. 2,
or
inclusive.
Principal, and interest (M-S)
.
The bonds will be in coupon form
registerable as to principal only;
that
and
1943,% Due $2,000 from
1945
a-.
are
the request of the successful bid¬
der or bidders, in the denomina¬
police ap¬
paratus and equipment bonds will
be purchased at par
by the City
Treasury
Investment
Trustees.
Denomination " $1,000.
Dated
>
the State1'had
requirements this
1937
"We
some
SOUTH
Offering—Add B. Ander¬
nomination
City
—
states
•
est
(il ^
Pending
R.
$8,000 2V2%
•
by C. A. Sapper, City
that
$198,000 bonds
until
The
Springfield, Ohio
York.
Aug. 25 for the purchase of $5,800,000 not to exceed 1V2 % inter¬
is said to have been authorized to
<
New
Secretary of Board of Public
Instruction, will receive sealed
issue $10,000 refunding bonds.
•
enue
vs.
the
on
7'';..;"!
^
7
called for in
count, tendered by the Second Na¬
son,
1,
The
fiscal
debt
the
as
County
holders
case.
large
of the bonds affected, acting
many
avail¬
are
act," the Governor said, "because
at the time it was
passed no one
sale
Shaker Heights, Ohio
Authorized
appointed
bonds.
revenue
1
asserted
nual
Com¬
capacity in respect of $4,460,000
.
Philadelphia School District, Pa.
Legality
by Peck, Shaffer &
Williams, of Cincinnati.
r Bonds
O.
,
time in November.
to be approved
y
(P.
authorized to balance the budget,
will not be marketed until some
of
terms
7
,
Trust
"matching
Cochran
Mann
state
by almost twice
Erie, Pa.
,7;
Secretary,
as
earnings
Bank,
It is stated
known as the "Water Works
Revenue Fund."
They constitute
a
first mortgage on the entire
,
Dist.
City) Pa,.
Bond Offering Not Scheduled—
and
be
water works
been
&
is
are
Supreme Court deci¬
the
C.
bonds
accordance with
advice of their attorneys,
constructing all the have stated that they have no in¬
is permitted to, tention of
releasing their bonds in
are
the
He
state
in
"Numerous
.
funds that
build."
agent by the Puerto Rico Housing
Authority and will act in that
tional
the Water Works Plant which
are set aside in a
special fund to
ra first lien
has
Bank
and
roads
;,
'
■
of
Is
able
the
of
National
binding obligation of the Village,
payable solely from the earnings
l-i
has
the
Federal
recent
sion
were
payable at the Grace
the
valid
a
all
</
,.
they
M
1
RHODE
$125,000 non-interest bear-,
ISLAND
could foresee the war conditions
ing tax anticipation notes is being
Westerly, R.I.
which prevail now."
offered by P. E. Kline,' Inc.,"of
5
Note Sale — $125,000. notes, -of¬ v He said the
highway fund had
Cincinnati,i for general subscrip-,
fered for sale on Aug. 3—v. 158, a present
tion.
Denom. $5,000.
surplus of "more than
Dated July
6, 1943.
Due as follows: $20,000 p. 446—were awarded to the First $9,000,000."
i
National Bank of Boston, at 0.38%
on Nov. and Dec.
15, 1943, $20,000
discount.
Dated Aug. 5, 1943. Due
on Jan.,
TEXAS
Feb., and March 15, 1944,
on Nov.
and $25,000
5, 1943.
The only other
on
April 15, 1944.
Nederland, Texas
offer was a bid of 0.384%
dis¬
Prin. and int.
by
the
Village.
in the opinion of
constitute
bonds.
revenue
Chemical
%
He said
of
Notes Offered to Public—An-is¬
sue
ordi¬
an
Sch.
it
Gerald
intended."
The
Co.
the
as
these
optional in
highway debts just
;,
that
announces
sumption > that
now
poses,
and
added
"the
motor
vehicle funds will go to pay off
.
by
bonds
i
372,000
303333pennsylvania
:
much of the state debt represents
bonds issued for .highway pur¬
/
Municipal Housing Authority of
Ponce, Puerto Rico, and will act
in that capacity in respect of
$2,-
pany
City.
&
RICO
been appointed fiscal agent by
bonds.
.
extending the
System of the Vil¬
Water Works
(
New York
537
-4-r-
Townsend, Elliott
Philadelphia.
Agent Appointed
Chemical Bank & Trust
Cincinnati, while Ryan, Suther¬
land & Co., third best bidder, of¬
fered $33.50 premium for W\%
Dickson
.M'V„
Fiscal
of $51.40 premium on l%s, sub¬
mitted by J. A. White & Co. of
Dickson
i
Fence, Puerto Rico \
%
offer
was an
•
PUERTO
>.
incl.
by
Munson of
Columbus, as Is at par.
June 10, 1943.
Due on Oct.
interest date
any
for the purpose of
paying the costs
of improving and
^
in
1
Aug.. 1, 1951, at 103.50.
Principal and interest payable at
the Ripley National Bank.
Issued
;
proved
% %
are
.
,
of
Dated
after Aug. 1, 1952
or
Ohio
Sale—The
$19,000 semiann.
fire department bonds of¬
fered for sale on July 30—v. 158,
p. 245—were awarded to the Ohio
■'
Ripley, OAio
;
Y oungstown,
ist
mtge.
Islands
389
;
•
•<
5l/a %
bonds, series A, due
6%
Bakeries
6s,
Edison
Co.—
1945_
-
—
Co.—
—
'
-
secured gold bonds, series A,
J
1955.
Corp.-Schulze Baking
due
'
due 1953—--Sep
:
t
..
,
Company and Issue—
Hoppers Co.—
1st mtge.
,/•; i•"
Date
.
'
?
& Collat. trust 3 ,/a%
-Sep
Melville
Shoe
Mengel Co.,
British Columbia Packers,
1
*
J
Falls
Niagara
1st &
North
Ref.
debentures
conv.
3 y4 %
Cement
*
*
Corp.,
6%
Central
series A,
due^
Inc., 6%
1st mtge.
.
7",'o
12453
bonds,
*
Central Surety &
Increased
396
Cessna
bonds, series A/due 1977—:
Oct
Pennsylvania Water & Power Co.—
ref. mtge. & Collat. trust SVt-% bonds, due 1964
Sep
Postal Service Bldg. Corp.—
/
Bait. Par. Post Sta. leasehold mtge. 5%% bds. due *49 Sep
.
5%
A
dated
notes
1938—
Roman
5v/o
294
Peter
$6
$1
or^'^l
9-15
8-20
Pfaudler
2
7-26
Phila.
7-31
7-26
B
Common
294
(irregular)
Cook
*
Co.,
3
9-
1
8-
2
•
•
Yalvoline Oil
Co..
Bros.
Collateral
•Wurlitzer
Amer.
T/c
*
this
in
1956—.—-Sep
issue.
Volume
tin
12460
1
157.
7-20
9-
1
8-18
9-
1
8-18
9-
;
1
9-
9-
1
8-
7*
9-
1
5c
10-
1
____________
40c
Lt.
8-
8-12
10-15
pfd.
$6
V $1.50
25c
1
1
Works
(quar.)
6%
40ci
8-16
first
we
week.
current
which
•
Felin
8-
Then
follow with
we
a
Fishman
second table in
previously announced, but
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
declared.
V
.-..S1
;
1
9-
1
$1.60
/
Worth
Non-cumulative
Froedtert Grain
Quarterly
___
Central Natl.
Bank
First Natl.' Bk.
preferred
$5
Holier«
(H.
of Rec.
First Natl.
Tr. & Savs.
Common
Common
(quar.)
Bank of San
(quar. >
5%
preferred
5%
preferred
Mercantile
HacxensacK
Water,
Hanna
A.)
$5
8-
(quar.)
Trust
Co.
Co.
10-20
2
7-20
11-
I.,-
8-
2 '
25c
(N.
(G.)
Hiawatha
Oil
Hilton-Davis
2
7-13
8-16
Holt
7-30
50c
11-15
10-30
8-
50c
—
•c
8-
5%
2
9-
•
40c
Natl. Bank
(New Orleans)
7
:
7-21
Co.
(Conn.)
■-i
8-
2
Co.
1
3
12-20
60c
Aeronautical
:
(quar.)
Products.
Inc
_
Allied Kid
Co.
7-30
7-15
Aluminum
Industries
American
7%
Car
&
Foundry Co., com. (irreg.)
preferred
—__i.-_4._-_i;;:
Indemnity Co. (increased)
American
9-11
/
8-16
American
Investment
Co.
American
Investment
Securities
of
111.
8-31
9-30
9-10
8-15,
8-10
9-15
8-31
La
Loblaw
8-17
$2
10-
4
10-
1
9-
1
8-
9-1
American
News
Co.
(bi-monthly)__________
Pulley Co.
Anheuser-Busch,
7-23
Co.
______________
i__
Artloom
Corp,, common
non-cumulative preferred
7%
Atlanta
$2.50
Atlas
6%
Laundries,
2nd
pfd.
Corp.,
30c
$2.50
(initial)
1st
___________
pfd.
(irreg.)
___
9-
1
8-16
$1.75 •>:9- 1
8-16
$1.25
8-
10c
i--_-
8-16
8-
9-10
20c
9-88
9-
9-10
8-31
30c
(irregular)
1
Paper Mills Inc.
Manufacturing
Co.
_______
50c
8-25
(quar.)
8-31
8-12
8-
Mullins
1%
9-
1
8-20
$7 referred (quar.)
Bigelow-Sanford Carpet Co., common______
6% preferred (quar.)
Birmingham Fire Ins. Co. of Pennsylvania
$1%
9-
1
8-20
50c
9-
1
8-16
New
$1.50
9-
1
Mills
Border City
Boss
5V2%
(Richard)
conv.
Mfg.
Mfg. Co.
Bright
Inc.,
(T. G.)
$1.60
6 9c
class A
preferred
Newmarket
8-
New
8-
2
7-24
683/4C
8-
9
L'
7-26
8- 7
8-11
8-
York
5.10%
North
4
"
series
(extra)
(quar.)
$1.50
•.
$1.00
V
Co.
&
8-13
1
7-27
53/4%
9-15
8-31
6 %
dred
shares of
preferred
;
8- 6
•,
preferred
5
8-
8-14
.
8-23
Mi
8-4
8,
4
8- 4
7-31
9-10
9-10
9-
I
(irregular)
Gas.
Corp.—
i,
1
1-
8-20
1
8-25
8-20
8-14
1
8-
Bank
every one
Co.
$1 "
__
8-16
7-26
Onai'itprlv.
Citizens
Drovers
8-16
8-
Natl.
.1
& Trust Co.
Bank
Natl.
Bk.
9-
3
First
1
8-10
First
10-1
9-10
First
7-31
8-14
8-14
7-31
9-
..
7-13
9-30
12-3
^
8-14
7-31
1
9-24
$1
1-1-44
12-44
11-1
10-31
10-15
10-
/,/.
(Maiden, Mass.) (quar.) —..
(Memphis, Tenn.)
(Quar.)
.
.
$lVa
$3
,
;---
$3
Pittsburgh ,{quar.)__
Pa.)
Nat'l Bank (Stockton, Cal.) (quar.)—
$2
20c
$2Va
Bank
1
10-1
10-
i .• /.•
National Bank of
Natl.
9-25
1
-20c
(Macon, Ga.lr-.
—
Quarterly
1
10-
9-
1-3-44
$1
————,
.,—
Nat'l
10-
.
$1V2
$2
—______
Quarterly/--
1
9-1,
,
-40c
1'',/.
Quarterly
Quarterly
•
.
.
8
10.-14
,.
«First Natl. Bk.
-*
•75c
.
Fifth Third Union
6
10-
-50c
t$lV2
Bank (Collingswood, N. J.)— /
_______—-—50c
Bank (Chicago) (quar.) — .
$1V2
First
,
^
•
National
First
____
•
..
/ft t$2Vz
Trust (Bridgeport, Conn.)
of Reo.
10-
$2,, ;,T0-'i5
/.>
': :•
:
——-_
Holdert
Payable
10-15/
Fidelity-Philadelphia Trust Co, (quar.)____
Trust Co. (Cinn.) (quar.)
;
;
When
■
"
•'
Annual
-
717/aC
Per
.
'
.
Companies
/ .: v-
(quar,)__^
(quar.)________—
Toronto
of
••
7-31
2
8-
.
hun-
held
r.
.
•*, / v.0';•••'..thare
:-i—
—;——
Montreal
of
,7
•
5.
Trust
and
Name of Company
7-29,/ y Black Rock Bank &
8-16
8-15
37J/2c
■
Quarterly
Bank
-
one share of Pa¬
Amer.
;
//.Quarterly
American .Nat'l. Bank & Trust. (Chi.) .(quar.)
American National Bank & Tr. Co. (Mobile)—
.
7-18
'
99-
9-
\ 4c
,
•
Agricultural Nat'l, Bank (Pittsfield, Mass.) —
.
•
\
——
week, these being given in the
V/;'"'
/vv r :•/ ■'
7-27
6;
$2.25
__________
(quar.)——
(quar.)
.
25c
__—________
8-28
8-1^
paid. The list does not include divi¬
this
v
7-27
9-10
■
■fe"$i^-
—_
announced
■■
;—$1.27!/29- 1
for
(irregular)
2-25*
.5-25*
9- 3
,,
25c
15c
,
3*
8-25*
10- 1
9-1
8-14
8-14
8-14
10- 1
10- 1
9-15
25c
—.
7-
11-26*
8-12
40c
$lVe
.v
3*
9-11
9-15.^
$1
s
4-
give the dividends announced in previous
we
y
8-16
-,7-19
50c
$1
•
North
Inc._j.__
~~r.—
Bank
8-15
.
$i.oc
■
\
Mills,
(quar.)______
Oil Co.
Below
8-15
1
8-
50c
4
1
8-26
25c
-
8-27
9-
•
.
(quar.)
cific Gas & Electric
8-25
8-
t$l'/2
Series—
Electric
1*
1-3*
-
;
American Co.—
50c
______
^
9-10
9-
15c
$1.75
Manufacturing
9-21'
10-
9- 7
$1//
Cotton
common
(George)
dends
/
(accura.)
Light
State
•
7-26
;v.
______________
Gas
preferred
"
*
(quar.)_—
preferred (quar.) ,—1
_______
Grocer Co. (Iowa) (irregular)
Co.
preceding table.
/:v,'v $-2
preferred
Common (stock dividend)
40c
(quar.)
(quar.)
2
8-16
50c
(quar.)
(quar.)
Manufacturing Co.
Brentano's
8-16
8-23
1
y
,
7-31
s
stock
Britain
$1
25c
preferred
Co.
8-31
7-31
$1,371/2
(quar.)
$4Vi
Preferred
*.
$1
(quar.)
Bonwit Teller,
Borden
Co.,
National Securities
$iy4
Boott
9-15
8-10
'
(quar.)
Maohine
(irregular)
Co.
Mohawk
weeks and not yet
8-14
-•
50c
•
Manufacturing Corp.—
preferred
Murray
5
(quar.)_—___i
$5 convertible preferred
1
18%C
(quar.)— _____
(quar,)
&
.9-
<
!
8-17
50c
8-10
(quar.)____
-
Drill
-
10- 1 <
-
•
Extra
r
8-25
8-20
4s;-k 15c
(quar.)
Twist
$1(4
,
»
Zeigler Coal & Co.
8-16
9-;l
25c
;
common
...
8-16
; 9rl5
__________
preferred B (quar.):——,——v
V4c/e; preferred C (quar.)
Morse
Wiser
Corp.—
preferred
-
-
(quar.)
Knitting
&
J
2
■10c
_
4%
8-14
37y2c
(quar.)_
(quar.)
Minneapolis-Honeywell Regulator—
»4
•9-15
8-
$1.25
__2_;
.
1
•
25c
__•■—
preferred A
Common
8-16
t20c
—
•^Metropolitan Industries Co., 6% pfd. (accum.) r';
pfd. allotment Certificates (accum.),.
Miller
(I.)
Sons, 8V« preferred (accum.)__
7
8-20
:
.-71
Co.—
(quar.)
preferred. B
8-20
10c
,
.
Ltd. (quar.) *
t20c
Wheeling Electric, 0% preferred (quar.) •___
UVz
Williams
(J. B.)
Co., common Iquar.) —':j< 25c
75c cumulative preferred (quar.)
—__
25c
Winters & Crampton Corp., 75c pfd. (quar.)
• / 183Ac
7-15
9-14
i
- •
7-29
Weston
9-30
9-14
15c
9-
7-29
Western
12-30
1:8-20
i>/8c
-)• 40c
(quar.)
Meteor Motor Car Co. (resumed) —V__—
8-16
Tack
.
Inc.,
& Co.
(I.)
;:' v
7-31
9-15
8-2
Walgreen
7-31
-15-44"
8-16
$1.60
' ;
$l3/4
preferred
Utica
7-31
10-15
2c
(quar.)____
(accumulated)L___—_i/
A
Winding common
Utica
9-17
7-21
8- 2
41/2%
t 8-15
2c
:—
_——
—__________
Champagne
Corporation,
,$6
8-31
..
8-15
,
8-10
"<;-$l3/4
7%
'
-
8-14
1
&
Groceterias
$5M»
8-14
9-
Atlas
Badger
7
75c
75c
__
Belden
8-16
25c
Powder
Berkshire Fine Spinning Assoc., com.
,
10; 1
15
10-15
1-15-44
4-15-44
7-15-44
9-10
12-10
3-10-44
6-10-44
Universal
8-31
9-30
60c
—
convertible
Mead
8-21
Atlas
Corp
4
9-1
Atlas
__
9-
Salle Wines
75c
8-17
50c
2
8-17
1
60c
,
(s-a)
—_~
Power
(quar.)
Co.
9-
:
1
8
$1.25
$5 preferred
$1.25
$5
preferred
(quar.)
$1.25
$5 preferred
(quart
$1.25
6.4% preferred A (quar.).
40c
6.4% preferred A (quar.)
i.
>
40c
6.4% preferred A (quar.)
■,40c
6.4% preferred A (quar.)—
,40c
ft:
8-20
1
9-
3c
preferred
6%
$5 preferred (quar.)
(quar.)
8-16
V
50c
tax
—1—
Marathon Paper Mills
7-29
1
$2.50
______
common
:.
8-10
preferred (quar.) _________—______
Imperial Diesel Engine Co.
Co.
9-15
9-
$1
Archer-Daniels-Midland
.
-
20c
(quar.)
Inc.
series K-l
—:
Manufacturers Trading
'
'American
9-1
9-
7-2
(Del.) —
B
Potash Co./
6% .preferred
8-13
; 9-10
10c
4—;
Fund,
District
preferred
Magnin
8-15
8-16
| 8-25
30c
Car
8-14
'/-'L.ft.
Co., Ltd.—
S.'Printing & Lithograph—•...
8-12
45c
.
Ry/
U.- rS; .Sugar Corp
'
Canada—
of
Co.
Securities Trust
ft___
S.
4
8-
8-18
8-20
6
9-
ft
*
__
& Co.
Superior
59'o
4
15C L
10c
___________
Lake
9-24
$1%
/
(quar;)
Power
(quar.) .—*
A
Lane-Wells
9-24
$1.75
non-cum.
8-20
(irregular) _____
class A (accum. i_——
Co. (monthly)
Co. (resumed) —;
&
Nickel
(S. H.)
15c /
:
9-15
8-16
8-16
Co.
U.
9-17"
.8-12
20C
;'v
Special preferred (quar.)
__—
Kysor Heater Co., (quar.) —;
Lake Shore Mines, Ltd. (quar.)
15c
(quar.)
V
& Co.,
Lighting
Koppitz-Melchers, Inc.
35c
-
—__
(quar.)
25c
30c
(quar.)__
Kingsbury Cotton Oil Co., common
Common
i____
25c
:
Allegheny Ludlum Steel Corp.-
A
(quar.)
v"20c'
9-20
1-
75c
pfd.
5%
Gas,
7-15
10-
Kress
Steel
10-
1
12J/2c
,
—_______
__
10-
-
8- 2
9- t
8-13
10-20
8-16
9-10
7-21
1
$1.25
Co., Inc.
(Henry.)
Class
Companies
Acme
&
Keystone Custodian
75c
(s-a)
Brewing
1
8-16
8-1$
9- 1
.8-30
.
Co.
U. S. Elec. Lt. & Power Shares, Inc.
8-14
8-
$1,50
:
Payable in U. S. funds less Canadian
International Safety Razor Co.—
8-10
75c
(quar.)
—.— _____
common
(quar.)
Chemical
International
(Winston-Salem, N. C.)-
Quarterly
Co.,
■1
25c
75c
12V2c
.
12Vac
U.
4
9-
25c
,
8-20
v
,''9-7
•
Co.
Hudson Motor Car
7-31
2
'
(interim)
(ord.)
v
—
(quar.)
8-20
(New Bedford, Mass.)___ • /
$1
Co. (quar..)_—_—I—50c
9-4
'
'
8-20
8-20
9- 4
v(', v 9-16
9-13
>9-vl
-
__________
8-24
50c
'
50c
Quarterly
Trust
Heileman
7-20
35c
v
___
(quar.)
Glass
9-25
Houston
50c
43 %C
$1.25
(irregular)
common
Refractories
preferred
Hazel-AUas
10-20
9-30
8-
Co.,
8-10
fi
Ordinary registered (interim)5%
& Williams Steel Forging Corp.„___
50c
8-21
9-30
40c
10c
40c
50c
25c
,
Transue
;; 7-27
9-
-
,
9- 4
9- I
9- 1
9- 1
9- 1
9-15
9-15
9-L5,/
8-18
Tank
9-15.'
8-23
8-25,:
8-25
9-16
9-15
8- 5
Union
25c
Is(quar.)
Plywood Corp., $2 conv. pfd. (accum.)
Holophane
_
(s-a)
J.)
6%
(quar.)
7% preferred A
Corp.
Machinery
7-27
8-2
62-'/2C
10c
________
(quar.)
Inc.
7-21
—
(irregular)—
(quar.)
8-16*
8-14
Street
9- 1
(Detroit)
—
Union
.:
Co.
25c
U: 8-12
8r 2
$2
15c
—
preferred ' (quar.)
Furniture
Series
(quar.)
Harbison-Walker
—
(quar.)_.
Tobacco Securities Trust Co.
WUlimantlc
1
8-
$1.50
._
.____
Trust
Wachovia Bk. &T. Co.
Whitney
7-20
11-
3iy4c
(quar.)
Common
Plainfield
2
$1
Common
(M.
preferred
Harbor
25c
Semi-Annual
Norristown-Penn
8-14
7-27
______
(Syracuse)
Coper & Co.
7-31
(Chicago)
(quar.)
Merchants Natl. Bank (New Bedford, Mass.),—
1
30c
50c
(irregular)____
common
California
of Indiana
Drug
Tobacco
7-28
30c
i.—_—
8- 2
25c
Merchants Natl. Bank & Trust
1
Diego—
(quar.)
;
25c
———
—
9-
1
Timken Roller Bearing
-
8-12
,'r
8-20
9-
8-30
10-11
7-30
9-15
9- 1
7-31
8-31
8-13
:___—50c
Superior
Oil
Co.
(California;•
$1
Thermoid. Co., common (quar.)
•"
10c
•'$3 convertible preferred (quar.)__
75c
333 Bldg. Corp. (Chic.) $5 prior pfd. (irreg.) V
70c
8-6
1
45c
2
7-22
37'/zC
i
Extra,
8-10
9-13
11-
:
8-
9-15
9-24
•_
Sullivan
7-31
_
: 8-16
$1.25
'
*
Semi-Annual
.7-31
Bank
3
8-16
25c
(quar.)
$2
31'/ic
Louis)
Co.
$1
i
(St.
—_
______
8-21
8-20
____
8-19
____________
'
convertible
Storkline
11-: 1
50c
___;
(accum.)
8-16
8-16
25c
5c
_________
Mfg.
Dredging Corp.,
Extra
"i 8-20
10c
Co.
W.)
V
•
(quar.)
National
common
preferred
9-10
;> 9-1
8-26
50c
(quar.t-
Hardware
Oil
8-21
1
30c
(irregular)—_______
(quar.)
A.)
/•
(s-a)
(quar.)
Lindell Trust Co.
9-
f$iya
_______
—
Co.
9-10
9-15
25%
:
B
Oil of
East. Fire Ins. Co. (White Plains, N. YJ-
Great
Griggs,
(increased)
1
(quar.)
Dredging Corp., common ________
convertible preferred (quar.)
Sterling
8-14
15C
When
Payable
__
Conn.)
Malting,
i
'ji
9-10
9 -10
•:
25c
cum.
$1.60
.
7-31
1
8-
25c
♦2.50
•
(S.
Graniteville
—
_
(Middleton,
(irregular)
$1.20 pfd.
9-10
40c
Co.
Line Co.
Pipe
Standard
8- ;5
9-
•
(Montreal)
(Medford, Mass.)
&
General Motors Corp.,
C-
Banque Canadienne Nationale
—
____
Co.
preferred
General Industries
Gerrard
thare
"'
Yards
Stock
9
9-
$2.75
i
(s-a)
50c
'
Standard
.9-1
8-16
•
10- 1
10- 1
10-1
0-15
8-26
$2
25c
____________
i
Steel
&
preferred
Standard
9? 4
9-
25c
(quar.)
$1.75/.
Corp,
Standard
6
Foundation Investment Co.—
are:
Per
:
Dredge & Dock
8-
15c
9-10
$1.87Va
(quar.)
Quarterly
8-16
:
9-15
2c
;
——__
Fort
Bank and Trust Companies
Company
(quar.)
V/ayne & Jackson RR.. 53/2% pfd.
Gossard
Name of
Co.
H.)
Fort
/.L''.;;"i r.: •.'/•:;
this week
The dividends announced
(M.
Simons & Connell
Fltz
show the dividends
we
(J.
7-21
10- 1
10-1
$1.62'4
(quar)
Standard Accident Insurance
8-16
9-
i 9-15
$2
(irregular)_______—___
Fund (special)—
J.)
& Co.
Financial Industrial
grouped in two separate tables. In the
bring together all the dividends announced the
are
—rj-L
i
dividend
Southern
■
Dividends
7-24
8-13
Co.—
Spartan Mills (quar.)
Spencer Shoe Corp. (irregular)
7-31
8-16
25c
4.
;
Saw
Southington
«
:_
$3
(accum.)
!___
Pen
7-26
$1.50
8-15
Southern California Edison"Co.—4
8-21
8-
25c
Federal
Screw
9-
30c
*
9- 1
9- 1
9-20
8-13
50c
(quar.) ________________
Del, (quar.) ___—
A.)
.
(quar.)
8-10
8-13
of
(W.
5
8-25
9- 1
Socony-Vacuum Oil Co.
9-30
Corp.
B
8-16,
$3
pfd,
(quar.)___
Co.
8-12
8-
$1.05
$6
,
8-19
9- 1
9- 1,
8-16
$1(4
$1V2
$iy2
(quar.)
(quar.)
debenture
Sonotone
9-30
50c
(quar.)
Co.,
Federal-Mogul
8-19
8-20*
30c
pfd. E
Power
D
C
debenture A
Stock
6
10-15
"
&
Sivyer Steel Castings
8-12
123/2c
Traction
&
8-16
$1.75
*
9- 1
9- 1
70c
75c
".$lJ/i
25c
10c ft'
Co.
(s-a)
debenture
Extra
'7- 8
2 Vac
i(irregular)
8-23
i_
RR.
Oil
9-15
(quar.)
Electric
debenture
Simonds
8-20
Brewing
Whitehall
Sheaffer
7-15
8-2 L
1
9-
8-19.
r;v
8-16
7-20
8-16
8-31
(quar.) '
preferred
8%
1
8-26
(quar.)
Electric, 5%
Seaboard
8-16
9-15
J87Vfec
*
(quar.)
Fajardo Sugar Co.
Federal
9-4
9- 1
(quar.)
7(4%
8-13
1
&
(Texas)
Gorgonio Elec. Corp.,
7%
8-20
9- 4
9-1
30c
$1V2
—-—________
C
6j/2%
8-21
J'Y
9-
$l'/4
—
D
6%
7-29
8-31
19 1/lOc
(interim)
regis,
ord.
for
rec.
Becker
&
Co.
Exolon
8-5
10-
15c
$la/4
(resumed)
El Paso Electric Co., 7% preferred A (quar.)
6'io
preferred B (quar.)
__________
Ely & Walker Dry Goods (quar.)
Employers Casualty Co. (Dallas, Tex.) (quar.)
Employers Reinsurance Corp. (quar.)—____
*
3
preferred stock——__i__Oct
(Rudolph)-Co.,
'Announcement
series A, due
bonds,
2
8-25
.
(quar.)
Inc.. (quar.)
&
9
8-
9-10
$1.75
preferred (accum.)
preferred
Savannah
8-
'
•
8-31
8-16
50c
RR.—
9-15
1
9-
$l'/i
(quar.)
Insurance
Rutland
Envelopes & Cartons—
Utilities Associates
Ekhardt
4J/2%
prior
Test Corp,
Eastern
Co.-—
trust
dep.
preferred
Duro
12056
1
gold debentures extended at 5 % to 1947-—Nov
1st mtge. 6% bonds :
—
Aug 26
7%
15-yr.
Warren
:
Ltd.—
Co.
Dominion
Co.—
Warner
Publishing,
Distillers
495
j
40c
$1.75
75c
$3.50
25c
(quar.),
—
399
7%
Co..
7-20
9-15
'
\0c
Products, Inc.
Bros.
8-16'
10- 1
10-1
$1
$2Vz
6
7-31
8-28
$1
$iy4
___
preferred
6%
Roos
: 8-16
$1
___
295
—
preferred stock, series A—Aug 15
Union Investment Co., 5% conv. debentures, due 1946—Sep 15
United Corporations, Ltd.—
, • f
:
<
' - ,
5'/a % income bonds, series A, due 1953
Aug 25
Electric
69c
8-15
8-
1>
8-
31(40
Ry., guaranteed
(resumed)
__i_
Co.
Rochester Gas
'Vvt
30c
20c
9-10
$1V2
pfd.
1st
Light, 6%
Bakeries Corp.
Republic
San
(quar.)
Shares, 7% pfd.
V
(s-a)
Ogdensburg
preferred
Purolator
8-20
8-2
8-24
8-16
•
$iy2
Food
Purity
7-20
,
8-31
10-1
$1
Norristown
7%
&
$3
.
preferred (accum.)
Cushman's Sons, 1'/0
preferred (accum.) ___
Darby Petroleum Corp.
______
Dejay Stores, Inc.
Delaware Rayon, 79o
non-cum. pfd. (quar.)
Curtis
•
9-3
&
Hosiery, Co.,
Public Electric
8-20
(accum.)
Allotment; certificates
295
8-25
9-
(quar.)
Corp.—
Crum & Forster Ins.
493
8-10
8-17
$0.17219
common
Germantown
Prentice-Hall Inc., common
8-10
9-15
8-25
Valley Wine Co.
& Investment
Credit
493
;
,
(irregular).,
Co., Ltd.
Varnish
&
Paint
$4 preferred
11565
1
1
Amusement
Consolidated
9-
.8-27
9- 7
30c
preferred fquar.)
Portland
8-10
50c
—-
_______—
Oil Group
Standard
196
10-yr.
1
43%c
37'/2C
(quar.)—__
Trust Shares—
Combined
'9-
/, 8-14
__1
Pleasant
7-20
■
9-
,
preferred
8-31
2
7-291
9-1
40c
(accum.)
Pittsburgh Coke & Iron, $5 preferred (quar.);
7-31
30c
30c
Co.
5%
8-
31'/4C
$1.25
(quar.)
—_
Foods,
!■•'"•
7-29
8-10
:
20c
Quarterly
^
•
(quar.)
Brewing
Columbus
8-16 *
8-15
8-10
(quar.)
(quar.)
Co., 6Vo
Phoenix
9-25
50c
^
5% conv. pld. (quar.)
•Columbia Broadcasting System, class A (quar.)
Columbia
'
873/2C
37'/zc
——_______
Electric—
&
::
Inc.,
1
15c
(quar.)
Pictures
Paul
Pratt
,,
Tampa
8-
50c
;^$1
$2
:
(quar.)
preferred
1st
Class
—
Corp.,
Gas
196
Episcopal Corp. of Ottawa.—
due 1936-1955
bonds,
8-20
:'iV,
——
397
Sep
4%
deb. due 1952 Sep
& Power Co., 1st mtge. & collat.
trust. sinking fund 4% bonds, series F, due 1961——Oct
•Shell Union Oil Corp., 1% serial notes, due Jan. 15, 1944 Sep
-South. Calif. Gas Co,, 1st mtge. 3y4% bonds due 1970 Oct
Southern Ice Co., Inc.—
' \ '
*'
South. Ice & Util. Co., 1st mtge. conv. 6% bds., due 1946 Aug 10
Southwest Natural Gas'Co., $6 dlv. pfd. stk., series A__Aug 13
Southwestern States Telephone Co., 1st 6s, due 1948—Sep
1
1st 0s,-series B, due 1949
.<
Dec
1
4%
9-15
Collins & Aixman Corp.,
Catholic
Schenley Distillers
•Shawinigan Water
8-16
$6
RR., 4% pfd. (s-a)
Pittsburgh RR.—
Counties
Coast
Sep
preferred stock
•
8-14
9-
15c
8-20-
1
$1(4
Pennsylvania Water & Power, com. (quar.)
,vW;=$5 preferred • (quar.)
Peoples Telephone Corp., 4V2% preferred
Pepperell Mfg. Co.
9-1
Afrcrait Co.
Cleveland Tractor
Republic Steel Corp.—
Purchase money 1st mtge. conv. 5V2S, due 1954——Nov
Rochester Gas & Elec. Corp., series C preferred stock—Sep
D
-
(Missouri)—
Regular stock (quar.)____
\
1
Purity Bakeries Corp., 5% debentures, due 1948-——-Sep
8
4Railway Equip. & Realty Co., 1st mtge. 4y2s, due 1949_Aug 11
Series
7-16
of Reo.
9-
-
$1.75
Pennsylvania-Central Airlines Corp.— «•;
$ 1V4 cumulative conv. preferred (quar.)_
$1.75
- :
Special guaranteed
1
;• .
—Aug 10
—
7-16
ii otaert
9-1
f$lV2
__
.(quar.)
Cleveland &
v;
8-16
2
v«;v
__________———
Ins. Corp.
Cincinnati Ipter-Terminal
1
Episcopal Church in the Diocese of Chicago—
Protestant
Series
.
(quar.)
1"
2
8-
When
,
Payable
50c
Plymouth Mills
Pemigewasset Valley RR. Co.
8-31
8-
Inc,
Patchogue
8-31
9-
Mfg.
Paramount
-
8-31
9-15
;•
Pacolet
8-16
•
9-15
'-
(quar^)
class A
8-16
1
9-15
t25c
(accumlated) _________—.
Railway Signal Co., common (irreg.)
Preferred
9-
'
^.Pennsylvania, Ohio & Detroit RR.—
mtge. 4VSs%
Corp.—
8-12
1
Airlines,
Olympia Brewing Co., common
6e/o non-cum. part, preferred
-:
Oxford Paper, $5 preferred (accumulated) i.ftvy
Paaunau Sugar Plantations- Co.
(increased)
8-17
9-1
$l3/4
$1V2
(quar.)
preferred
Central
490
y,.,
Pennsylvania-Central Airlines Corp., $1.25-conv. pfd. stk. Aug 16
1st & ref.
Service
Public
Arkansas
preferred
6V0
490
3debs, due 1949—-.
,-Aug 27
1st mtge. 5% bonds, due 1952—Oct
1
$7 pfd.
(quar.)
__—i—~~—-——
Central Illinois Pub, Service, $6 pfd. (accum.)
490
Pacific Western Oil Corp.,
.Parr Shoals Power Co.,
Fairbanks-Morse
$6 preferred
1
—Sep
1966
(quar.)______
Co., Ltd
Arizona Lt. & Power,
Central
notes,
preferred
participating
Canadian
489
dated 1936—.——Nov 15
Oswego Falls Corp., 1st mtge. 4Vz% bonds, due 1952_JBep
1
Pacific Portland Cement Co., 6y2% preferred stock
Sep 15
Norwell,
5%
1
9-20
1
J25c.
:r.4$l5/8
1
9-
•
1
9-
50c
.
Class B': (quar.)
,
V
bonds, due
mtge.
American
Canada Wire
488
8-20
,
8-27
45c
common (increased)
40c
preferred tquar.),i_;_^_,^4.vrf_;~-_4.-;u/iy,$1.25
& Cable, class A (quar.)
$$1
5%
488
1
Nova Scotia Light & Power; 6% pfd. (quar,).
Ohio River Sand Co., 1% preferred (accum.)
10-
$1.25
:v,.
8-16
9-15
25c
common
Northwest
1
9-
Burlington Mills Corp.,
194
—
—
Co.—
Power
Co.,
(quar.)^___;-
Forge Co.
Bullock's Inc.
-
,
debentures
Buffalo
•/•/;:/
8-31
9-
50c
——
Name ot Company
of Rec.
9-15
____________
,.
(quar.)
preferred
$5
Aug 10
Sep
1
Sep
1
Natl. Oil Products Co., sinking fd. 3J/4% deb. due 1955_Sep
1
Sinking fund 3y4% debentures due 1957—.—
Sep
1
New York Fire Protection Co., 1st mtge. 4 % bonds—___Aug 11
3 Vu %
10-yr.
7-yr, s.f.
Co.
Shoe
Payable
thare
$75c
^50c
Ltd.
(interim)
Co.
Brunswick-Balke-Collender
394
1st mtge. 43/2%
National Distillers Products Corp.—
10-yr. 3'/2% conv. debentures due 1949
Brown
16
preferred stock-L-LL-.'.A—Aug 20
conv. bonds _/-_-__-._.,____Sep
1
Corp., 5%
Bristol-Myers
291
1
14
vv(- Per
' > Share
'
Name oj company
bonds due 1961.
Monday, August 9, 1943
noiaert
rtnen
Page
"V.',' '. '
Lehigh Coal & Navigation Co., 4% lund. & impt. bonds_Jan
Lexington Water Power Co., 6*/2% conv. deb. due 1953 Sep
1st mtge. 5 % gold bonds due 1968
Sep
•
& FINANCIAL CHRONICLE
THE COMMERCIAL
538
(Scranton,
..
.
10-
I
1
9-25
I-1-43
12-26
10-
1
9-30
II-
1
10-l£
10-11
9-30
,
«KVt
Volume 158
Number 4201
^
THE COMMERCIAL & FINANCIAL
Holders
When
rer
of Company
hum
Share
Payable
CHRONICLE
Per
Name of Company
of Re a.
When
share
539
Holders
Payable
Per
of flee.-
Name of
'
Fourth Nat'l Bank
;(Quarterly)
Grace
"
(Wichita', Kan.)"(quar. j_
Bank
(N. Y.)
9-15
9-15
$1 Va
;
____________
National
$1 Va
12-15
12-15
1
8-25
9-
$3
(s-a)V__L__
Lincoln Nat'l. Bk. & Trust
(Syracuse, N. Y.)—•
50c
(Phlla.)_______
50c
8-16
National Bank of Auburn, N. Y. (quar..)____
National Security Bank (Chicago) (quar.)__
$17a
Quarterly
*_:
Pitisxield Third Nat'l
$17a
10-
10-15
Provincial
Bank
of
Co.'
&
Canada
Quarterly
Pilbhc
National
Bank
&
Quarterly
,
Riggs National Bank,
Common
Trust
Trust
D.
C.)
$$174
17
10-
8-14
1
9-20
10-15
$2 72
$$1 Va
___
7
9-20
$7
8-21
Properties
Acme
Wire
Affiliated
class
Co.
3C
(quar.)
Extra
5c
Extra :
7%
preferred
pfd.
Class
Alpha
A
(quar.)
Portland
Aluminium,
1"
1
12-18
6%
preferred
(quar.)
Goods
Aluminum
r_
43 3A C
10-
(payable
in
U.
Manufacturers,
7%
1
9-10
9-25
9-
9-
10-
'8-
1
20c
1
50c
9-30
6%
convertible
American
Arch
American
Bank
Note
preferred
American
(accum.)
-Ins.
Co.,
(Mo.)
9-15
9-15
*
Can,
American
Cities
$2.75
class
34 %c
f"
1
■-
in
preferred
Power
&
(opt.
cash
1/32
or
Corp.—
series
share
of
1%
of
American
Co.,
A
Export
1%
pfd.
Lines,
$2.50
$3
&
pfd.
preferred
American
6 '/c
$6
'6"o
Felt,
6%
(Newark,
Ltd.,
Co.,
(quar.)
Co.-
(N.
A
1
8-13
9-
1
Asbestos
Corp.
1
1
9-20
10-
>
,
&
1
9-
3
1
9-
x %:
9-
1
8-20
:7
9-
1
MineS
Baldwin
Shares,
Bankers
&
Barnsdall Oil Co.
Cigars
Beatrice
67o
pfd.
9-
1 v:
9-30
9-
1 v:
9-30
9-15
9-
9-
Extra
Bessemer
'G%
Best
Bethlehem
,'
7'fo
1
8-14
15c
9-
1
8-14
10c
8-20
40c
8-14
7-30
(quar.)
$1
8-10
8-
15C
9-
8
3-14
Consumers) Glass
$25c
9-
1
7-30
Container
Black-Clawson
67o
(N. Y.)
10-
1
9-
1
:>•:
9-
1
$$1
10-
1
8-31
i$i%
710-
1
8-31
20c
$15c
6%
Co.,- common
(quar.)
Brothers
Blue
Diamond
Blue
Ridge
•'(Holders
•
pfd.
■
Bohack,
f' Borden
1st
1/32
Fund,
Inc.1
Boston
Woven
Hose
40c
■
1
8-25
1
convertible
9-
1
1
8-14
30c
8-14
9-30
&
Culver
8-14
1
10c
8-15
Cuneo
/
(accum.)
Deere
This
Machine,
payment
______
Rubber—
^—
preferred (quar.)____!—
7%
pfd.
(accum.)
all
arrears——:
Clinton
$1
30c
9-
1
8-16
9-
1
V.
77o
5
RR.
4y27r
Supply,"
8-16
Class
:
5%
B
(quar.)
preferred
8-25
8-16
Diamond
8-16
8-
."
Match
8-
5
12-15
1
9-15
1-3-44
12-15
10-
9-
1
8-14
•
-8-25
7-31
7-31
7-20
12-15
11-20
9-
1
part,
participating
Diem
&
Wing
Paper,
5%
9-15 '
1
12-15
I
10-
1
9-11
9-30
9-11
_
12-31
12-11
'
12-31
12-11
'
25c
i__
9-22
'
9-
8
—
9-30
9-20
$172
9-
8-14
$1.75
9-
8-13
87<>
prior pfd.
87 «/2C
(quar.)—.
(quar.)
preferred
'
7-31
10-
'
8-13
9-
377ac
(quar.)
9-
25c
9-15
.
50c
9-
1
8-20
$174
9-
1
8-20
$l3/4
______
9-
35c
10-
1
9-20
8-17
'•
30c
9-30
9-16*
50c
(quar.)
8-16
8-
G
10c
8-16
8-
9
45c
9-15
9-
6
25c
9-15
9-
6
25C
8-16
8-
5
377aC
8-16
8-
5
35c
(irregular)—.
(irreg.)
(quar.)
(quar.)'——_ —'_
preferred
8-16
8-
5
$2
<quar.)___
(quar.)
common
25c
...
$1%
—
ordinary
10-
1
9-18
9-15
8-14
9-
1
8-14
10%
9-
1
7-26
7 7a 7c
9-
1
7-26
__
40c
8-16
7-26
(annual)
(quar.)
common
Advertising, 6% pfd. (quar.)
(quar.)
—
$i72
8-16
8-
2
$17a
—
11-15
11-
1
$17a
(accum.)
1%
Works
for
and
Lakes
&
pfd.
Elec.,
(quar.)
$3
payment
for
8-16
8-
2
$$l&/4
8-16
7-23
$ 1 Va
_—
preferred
ending
quarter
75c
8-17
8-
3
March
quarter
1943.
Insurance
& Marine
Dredge
•:
50c
Dock
&
9-
1
9-14
15c
9-10
%V/2
10-25
25c
9-10
8-31
50C
—
—
9-15
8-14
$174
9-15
8-25
10-
9
8-14
50c
9-15
9-
62 7a c
11-15
11-
1
$1%
8-16
8-
6
25c
(quar.)„——
8-14
1
7-30
15c
9-15
9-
8
50c
———
9-13
9-
3
8-
6
8-13
9-30
9-18
8-16
7-22
11-29
11-19
$1
9-15
9-
9-
1
1
9-
1
8-14
8-14
8-16
12-
1
11-15
10-
$l3/4
12-23
1
1
8-
10-
5
1
12-23
8-14
30c
9-
50c
8-16
8-
25c
9-
8-20
1
5
25c
9-
1
8-20
$174
9-
1
8-20
8-12
9-
1
75C
9-
1
8-12
75c
3-1-44
2-10-44
$174
8-15
7-31
37 Vac
(quar.)
-
Stores
Mines
(quar.)
Watch
preferred
67c
pfd.
7 7c
(quar.)_„__
Gold
1st
(quar.)
8-13
25c
9-
1
9-
1
—
Mines
Hibbard,
Spencer,
—
pfd. (quar.)——
common
(quar.)—
(quar.)—
Bartlett
&
9-15
8-31
9-
1
8-13
10-15
9-30
$l3/4
$ 1 Va
9-
1
2
8-16
10c
8-15
8-
50c
8-16
7-21
8-25
8-14
1
7-21
12c
8-16
$17a
8-14
8-
75c
8-16
7-24
8-16
7-24
3
9-
1
8-20
9-
1
8-20
8-27
8-17
15c
Monthly
1
Hooker
Electrochemical,
preferred
preferred
C.)
—
A.)
&
9-14
10-29
10-19
1
9-
8-14
1
8-18
$5C
8-12
7-29
1
common
(quar.)
——
40c
8-31
8-
$17a
(quar.)—
common
Co.,
9-
3772C
«
(quar.)—
(George
9-24
15c
30c
Co,
Mfg., class A (quar.)
Hollinger Consolidated Gold Mines, Ltd.—
9-30
9-10
50c
8-16
7-31
6
8-16
7-31
45c
9-
1
8-14
834c
9-
1
8-14
9-
1
$l7a
Co.—
2nd partic. pfd.
non-cum.
(quar.)
(quar.)__
(quar.)—,
(monthly)-—
Howe Scale, 5 7c
preferred (s-a)
Hummell-Ross Fibre, 67c preferred (quar.) —
Huntington Water, 67c preferred (quar.)—_
1%
preferred
(quar.)
non-cum.
Houston
20c
$1
—
(Charles E.)
&
8-
15c
Monthly,
(A.
8-16
8-16
$17a
•
8-16
75c
20c
(monthly)
Co.
Monthly
Hormel
7
9-10
$1
(quar.)
6 7c
Co.,
Chocolate,
UOc
,
8-19
25c
i
pfd. (accum)
Heyden Chemical Corp., common
47c preferred A (quar.)
77c
1
(quar.)__—
pfd.
conv.
$4 convertible preference
67c
9-
(quar.)—_
preferred
4'/e%
(quar.)
Util., 67c
Pineapple, Ltd.
Powder
Hershey
Horn
8-13
$1 Va
——————
Co.
Mascot
Hercules
6 7o-
1
'
common
(quar.)
Chemical,
Hawaiian
Horn
1
9-
——
Elec. .&
Havana
Hedley
Co.,
Gas,
Harrisburg
67c
10-
50c
(quar.)
Instrument,
Hamilton
67c
9-
25c
1
Hobart
1
1
——
Hallnor
Hammond
7-15
9-
8-16
(s-a)
Brothers
1
34%c
(quar.)
(quar.)
—
8-16
9-
—
Corp.
Corp., common
preferred
(quar.)—_—
6%'
Hale
preferred
Oil
V 8-16
75c
preferred
9-30
25C
Great Lakes Engineering Works
/.Greene Cananea Copper
Hires
$1%
—
9-16
75C
—_—
8-21
75c
class A (quar.)
—1———_______
(s-a)
1
12-20
25C
Cycle Corp. (quar.)__
Goodyear Tire & Rubber, common
$5 convertible preferred (quar.)——
Gorham Mfg. Co.
(quar.)
Gosnold Mills, 5%
prior pfd. (s-a)
Graton & Knight,
77o preferred (quar.)___
8-10
35c
preferred
(quar.)„____
Brothers, Inc., common
preferred (quar.)———
1
25c
1
preferred
"
10-
$174
;
G'/o,
ending June 30,
8-31
—
Co., common-
6%
7
8-16
$2 7a
common
Corp.,
payment
7
9-15
—
(quar.)
6%
8-16
9-
9-10
$ 1 Va
-
_____
—
Raynolds,
8-12
7-29
$l'/4
Wares,
1943,
Harshaw
9-
$174
(quar.)__
—J
Gasket & Mfg.,
6% pfd. (quar.)
Michigan Stove. 5% pfd. (quar.)
&
1
8-30
Castings Corp.—
Haskelite Mfg.
9-30
$2
(quar.)
Detroit
Steel
5
10c
(quar.)
683/4C
2
1-3-44
8-
10C
(quar.)_.
(quar.)
9-
8-12
'
150c
(quar.)
(irregular)
common
"
;
Steel
43 %c
—
(s-a)
preferred
common
preferred
Devoe
7-30
8-25
1
7-30
9-15
4c
—
—
Detroit
5
8-14
8-20
V2 c/o
87 7a C
_——
Rock
Common
8-14
50c
$28
(quar.)
preferred (quar.)
Oil Corp. i'.—
Dentist's
8-
9-27
10-
-
25c
__—
preferred
1%' preferred
75c
8-20
$174
"
Co.,
Deep
16c
(quar.)
clears
Port
Press,
&
9-25
of
_________—
8%
Forster,
&
50c
Bourjois, Inc., $2.55
Bridgeport
2
7%
Co.,
Extra '
8-10
8-
8-31
$$l3/4
—
preferred (quar.)
Zellerbach Corp., $5 conv. pfd. (quar.)
Crum
"»
8-14
99-
•
preferred
(quar.)
(quar.)__
Foods
572%
8-31
$30c
common
8-12
(Syracuse, N. Y.)
—
preferred
Hajoca
6
;
'
8-25
7-31
8-
9-15
$13'4
______
Crown
8-16
2
25c
of: America,
pfd,
Electric Co. Ltd.,
Water
Gulf
8-20
$1%
(quar.)—
1
9-
8-
1
9-
$l3/4
(quar.)_——
.
9-" 1
15c
—
9-15
8-16
$ 1 5/B
—
————_
preferred
Drug
9-
•
$17
•
&
(quar.)
9-15 5 •••"•-9*
1
8-16
25c
—
pfd., (quar.)
Capital Corp., common A (irreg.)
Cork & Seal, Ltd.
(quar.)
1%
share
———
preferred
6V2 %
Crown
"
10-
25c
)—
.
2
(Del.)
9-20
3C
preferred
preferred
Great
-
9-15
150C
1
Pa.)
(quar].)__——
Crown
r8- 9
75c
;—
or
Co.
11-20
50C
-
9-15
1
25c
3
f
1
1
10-
40c
9-
1
10-
$178 /
—
Airier.—
Imperial Mills
'
(interim)
Boston
Co.
of
3-21
1
1
Griesedieck Western Brewery—
common
(Reading,
Corp
preferred
$3.50
Crown
/
6
3174c
Creameries
-
8-
$1
Courtaulds, Ltd., ordinary (interim)
Co., 5% preferred (quar.)
9-18
9-15
(quar.)____—
participating
Cosmos
preferred—
$3
40c
participating preferred <quar.)_.
Corrugated Paper Box, 1% pfd. (accum.)
•
1
1
10-
25C
—
8-16
9-
common——
7-31
62 Vac
-
1
9-23
912-
25c
.
Golden
Pow.—
Crane
7(7-30
9-
75C-;
(irreg.)
common
stock)
7%
Co.
2
$172'.'
Tobacco,
9-
10c
8-13
Gimb'el
8-15
Aircraft,
Gas
preferred
Gibraltar Fire
9-18
7-31
1
10-
$172
—
1
7%
8-14
$17a
(quar.)
(quar.)_
(quar.)
Corp.
Corp.,
10-
$l3/4
•
—
option—cash
common
7%-
t
7 9-18
6 V2 %
8-16
8v
8-16
$172
^—;——-—
9-
9-14
1
—_—
31,
5
$17a
Common
40c
Inc.,
6%• preferred
.
8-16
75c
—
Bloch
i"'
8-16
V
8-16
-
$5c
___—
8-
1
Oil
—
1
(quar.)__
—
Telephone,
______________—
5
9-
1
Continental
——
(s-a)_^___
8-
55c
10-
Continental
-7
1
10-
2
■:*
$6
12-24
9-
1
9-
;
Industries
General
9-25
12-31
10-
75c
Society (Chicago)
Co.,
General
—
60c
9-14
$1.25
Cigar Co.,
$6
$$1V2
8-21
9-14
(accum.)
Baking Co., $8 preferred
6%
8-25
$2
Consumers
7c/o
General Outdoor
7-30
9-30
1
1
1
(quar.)
Rubber,
preferred
General
7-29
9
50c
8-
25c
9-15
8-16
8-
9-
10-
1
!
General
7 7
12 7aC
8-31
$174
&
Stores,
Vultee
8-16
37 Vac
(quar.)___
40c
75c
$15c
4
10-
11-
$1%
&
convertible
77«
9-15
—
Retail
9-15
;
8-
9
$1
(irreg.)
Corporation
(quar.)
Co.
Bonus
2
convertible preferred
$1.25
/
7
9-
$lVa
Acceptance
General
7-20
8-23
9-20
7-12
30c
Corp._;
Tire
Wood
'
9-10
9-30
8-13
(quar.)—
General
7-20
8-
8-
8-20
(quar.)__
General
7
8-16
8-25
$5
25c
:
Co.
Shops,
Brush,
77o
8-12
8-15
8-10
75c
$1.25
Sulphur Co.
y/ $1.50
7-20
'
8-14
Vs
(quar.)
75c
—
preferred (quar.)
Consolidated
2
9-
8-10
9-
$174
1
Corp., common
Class A
(irregular)
1
$1 preferred (quar.)
8-10
90c
$172
______—
common
'7o
Gar
7-27
'
9-
$25c
■;
Bake
Gamewell
2*
9-30
$1.25
(quar.)——
37 7a c
(quar.)
$3 preferred (quar.)—
Bliss (E. W.) Co.,r common-< s-a)__i-^.__—
<5%
convertible preferred-(s-a)___
<$'fo convertible preferred-(s-a)——;__^_
i
8
V,
8-10
$1%
•.
$1%
Metallurgical, $5
(Robert)
—
(quar.)
Press, class A (resumed)-
Consolidated
9
Cement—
&
Elec, Lt.
preferred B
Consolidated
'
preferred (quar.)__
(increased)
(quar,)
preferred
8-
4Vzr/o
8-
9-
-
8-11
627aC
6% pfd.
Power,
(quar.
preferred C
9-
Birmingham Water Works,
Blauners,
4%
1
8-15
$17a
Common
Ltd., class A (quar.)
(quar.)
Steel,
7-30
8-14
:
'5c
(quar.)
preferred
1
Gair
8-11
8-15
683/4c
(quar.)
Gas,
7-31
preferred
Limestone
Co,
Consolidated
8-16
—
—
Biscuit
10c
________
■—
Company
River
7-31
Insur.
& Sons
preferred
&
Power
Consolidated
8-16
1
$17a
,
pfd.
Wheeler Corp., G'/e
Fuller
1
$174
—
8-20
9-
9-
8-10
$$l7a
8-
■
1
8-11
7-22
Aviation Corp.
Frceport
11-15
9-15
8-11
9-
Fruehauf Trailer Co., common (quar.)—
5':o
convertible preferred (quar.)
8-16
$174
—."
9-
IOC
12-
&
Brewing
Enamel
Foster
"
3
1
8-28
(quar.)__—
Edison Co. of N. Y._
6
9-
9-30
Hquar.)
preferred
(quar.)_^_____—_______
Consolidated
1
9-
9-13
8-
pfd. (quar.)
pfd. (quar.)
Florida Power Corp, 1% preferred A (quar.)
:: :7 r'o
: preferred
(quar.)___
Fort Pitt Bridge Works
8-13
8-13
9-
1
$l3/4
Quarterly
Light & Power—
Connecticut
*
8-24
Morse
Firestone
9-15
25c
(quar.)
(Ontario)
8-23
10-
12 72 c
preferred (quar.)
First State Pawners
8-20
8-27
(interim)——
Z
7-31
8-31
(quar.)
conv.
(quar.)'
preferred (s-a)
Ferro
7-23
1
75c
preferred
$2.20
1
50c
(quar.)
,
8-13
2
$1.06 74
Quarterly'^l—;.;!;—__:i
$2.40
89-
10-15
$ Va c
Ltd.
Co.,
8-16
$2
2
$174
(quar.)
preferred
5%
9-15
8-16
(quar.)
(Indianapolis)
9-15
—
.
National
Connecticut
V 7-30
9-16
9-30
37 Vac
(irregular)
Loan Co.
Quarterly
8-13
•
9-30
I2V2C
preferred
(
7-31
——
Common
8-20
C
Co.
Farmers & Traders Life Ins.
'
9-15
4
20c
——
pfd.
conv.
8-25
8-16
25c
(irregular)—;
Quarterly
1
9-
9-
Co.
Confederation Life Association
9-14
1
11-
$1.05
___________—
(John)
1
Conduits
9-20
•'
10-
$174
—
25C
(s-a)__
Ltd.,
common
(quar.)__
7 7o
preferred
(quar.)
Beldirig Hemingway Co. (quar.)^__—1
Bertram
9-
>
1
627ac
(s-a)
Belding-Corticelli,
•
Ltd;
8-16
preferred
convertible
9-30
.
5
$1 Va
1-__———
$2%
8-
9-30
75c
:
preferred (s-a)
$5
v
4
(quar.)
——
Mfg.
(quar.)
Pictures,
Connecticut
common
Greamery, $5
Mills, common
Beuunit
8- 9
9- i v
•:
1
8-
(quar.)
(quarj ___
Community Public Service (quar.)
Concord Gas Co., 1% pfd. (accum.)___
9- 7
1
6"fo
8-31
8-
9-
(quar.)
Fire-Arms
pfd. A
Commoil,
•
(quar.
Inc.
Mfg.,
9-
v
8-16
30c
5% prefer,
preferred (quar.)"—.
57o. cum.
9-15
$l3/4
(quar.)
Bathurst Power & Paper,
Beacon
*'
8-20
9-27
Iron
&
Patent
cum.
6%
$1V2
(quar.)
'
A
Fuel
Columbia
10c
common
Co.
Shippers
7*
$10c
(quar.)__^
Class
5%
8-10
'=
Co.
8-10
1
5
50c
1
8-15
$174
_i
1——
___1
1
9-
(quar.)
preferred
General
—w
Co.
9-
(quar.)
preferred
Falstaff
Ry.—
$5c
Insurance
Show,
Petroleum
Colt's
$1
—______—
preferred
1
$l»/a
—
Bandini
9-
"t
7-20
25c
pfd.
pfd.
$$17a
(accum)
Watch
Corp., $3
Railroad,
Fairchild
9-20
8-
30c
Columbia Gas.& Electric,
8-10
25c
._
_.
Radio
9-
1
10-
$174
5%
7-31
i;
preferred
Federal
'V
15C
6%
8-25
$174
Casualty
Fairbanks
8-m
9-15
25c
$5
$5
7-31
8-20
2
$1
—
(Chattanooga)
Utilities
Colorado
$174
Extra
Baltimore
2
1
50c
(irregular)
American
25c
(quar,)—
Rwy.
Castle Water,
Cleveland -Tractor
6
9-
8-
62 V a
CoJgate-Paimolive-Peet, common (quar.)
$4.25 preferred
(quar.)_——_„
8-31
78c
(quar.)__-
pfd.
Locomotive Works, -7%
Baltimore
?'
3
9-
"
8-10
25c
Street
Citizens
75c
•9-30
20c
75c
(quar.)
Cincinnati
3
8-
•
50c
(quar.)
preferred
8-14
$30c
—
Co.
(Dallas)
State Telegraph—
7 4T>
guaranteed (quar.)__;_
Engineers Public Service, $6 pfd.
Fansteel
;
1
8-25
3772c
preferred A—
& Texas
1
$172
Rubber
Eversharp, Inc., 5%
7-20
8-16
9-
26C
vtc.
&
$5 preferred
;
7
50C
preferred
Water
8-31
8-10
$17a
(quar.)_
5%
8-15
9-15
9-
15c
Orleans
9-
& Bay
$572
8-17
1
15c
,(quar.)._i
City
9-15
10-
Co.
of New
8-
9-17
$172
4%
$174
(quar.)_^_
7-26
$13A
1_
(quar.)
.
5 7o
8-25
8-13
$13/4
_______
1st
'
Employers
9-10
8-
preferred
Co.
Hose
National
Erie
■
Co.
Copper
Cincinnati New
12-3
1
9
9-
$174
(quar.)
Mfg.
9-24
1
Associates—
preferred
Electric
10-
1
8-16
(quar.)
Products, Ltd. (quar.)
Equity
7-26
8-
40c
(quar.»
i
RR.
Commonwealth
(quar.)
•
9-
$15c
common
6%
Hill
9-
12-15
8-9
26c
Corp. CL
8-20
9-15 :
7
Broducts-^-
City
50c
._
Autocar Co.
,
10-
20c
(quar.)
Goods,
preferred
Gold
$17a
25c
Chile
.
$20c
Common
Bayuk
8-14*
50c
Atlantic Rayon Corp., $2.50 prior pref. (quar.)
Atlantic Refining Co.
(increased)
Bank
1
$1%
__
Atchison, Topeka & Santa Fe Ry. Co.—
Co
9-
$1.75
Co., common (interim)
preferred • (quar.)—
Refining,
Dry
2nd
Ailnor
9-20
9-17
$1.75
(quar.
preferred
Associated
7%
1
9-30
10-
;
__
:
12 V2C
7
15c
Chicago Yellow Cab
Chickasha Cotton Oil*Co.
20c
-
_
_
Oil
8-14
Wilmington & Franklin Coal—
(Resumed) '
9-20
10-
(quar.)_.
s.
Extra
Ashland
"*/-28
8-31
11-
Chicago,
.
8-13
10-
$1%
Mining Co._^^.^___.___
Cork
4convertible
8-10
50c
——
___
Copper
Armstrong
"
8-13
1
Refining, 7% pfd. (quar.)__
Co., common (quar.)
(quar.)
Anaconda
25c
Wire
6%. preferred
Charis
8-11.:
9-
50c
(quar.)
Anglo-Canadian Telephone—
5','c
8-14
v
1
-
Sugar
10-15
•
25c
pfd. (quar.)
Ltd.—
Public Service, $6
preierred
Elgin
2
Chestnut
Y.)
B~
C*ass
9
9-
(quar.)
Tobacco
Class
88-
Chicago Great Western Rwy.—
5 l/o
preferred
(accumulated)__/
Chicago Mill & Lumber *
____
Foundries
American Sugar
American
1
8-14
8-21
$178
American Rolling Mill Co. (quar.)___
American Smelting & Refining, common
Steel
9-
8-21
3c
1
$50c
(quar,)__
Chesapeake Corp. of Va.
Chesapeake & Ohio Rwy.,
9
(initial)
common
Steel
$5
<8-16
$25c
__
7-
%
62 M2C
common—
(quar.)
Corp.,
Empire
$$1.30
_I1
7
Ltd.
preferred
Eaton
:
7-31
•
_t,_
9-15
common
Goods Co., -1% pfd.
1
(guar.).:_—_
9-15
___.
(quar.)
Re-Insurance
American
8-
50c
(s-a)_
preferred
American
"
8-25""
11-25
25c 7
J.)
1
10-
$1V2 convertible preferred] (quar.)_
Store Real Estate Tr." (Mass.)
(quar.)
Chambersburg Engineering Co. (irreg.)
Champion Paper & Fibre, common
75c
(monthly)
N.
9-
$85c
1
pfd.
8-
(quar.)
8
1
Co.
Chain Store
9-11
1
627aC
(quar.)
American Radiator & Standard Sanitary—
7Vo
Belt
Chilton
Corp.
$$174
(quar.)
8-
9-
preferred (quar.)_:—
Ribbon Mills, 7%
$6
9
(quar.)
Investments,
preferred
Eastern
9-15
Century
Chain
9-16
8-16
••
preferred
7
7-22*
1
(quar.)_
Products
(quar.)
.
(quar.)____
preferred
Metal
9-13
75c
preferred
American Paper
7 'fo
preferred
i
8-16
Leather—.
&
Home
American
■
9-13
1
7-
'
$50c
Ltd.
6%
$6J/a
9-20
8-15
10-
preferred
1
7
(accum.)
Co.,
Eastern Shore
9-20
10-25
:
1
$1.20
___
Extra
t
1
9-
12»fec
(quar.)
American Insurance
■7
1
10-
1
10-15
$15c
(quar".)____l.!
5
&
7-
8-
8% 7c
25c
77c
8-16
$$3MJ
(quar.)—
common
7-
8
$10C
Co.,
Stores,
Eastern
1
$1.40
common
2nd
Hide
American
:
10-
9-
9-15
$$1%
?.-■
—
—
(s-a)
Central Vermont P.ublic Service—'
$l»/4
preferred
convertible
Corp.,
Bridge
Chemical
Eastern
8-16
10-
9-1
12-
9- 9
9-15
r
8-26
10-
9-15
$i%
(quar.)
1st
preferred
American
Tractor
8
8-
(quar.)
East St. Louis & Interurban Water—
8-14
$$2
Ltd.
regis"
for ordinary
Duplan Corporation, 8</o
7-31
u-9- I
$$2
Steel
$13A
(quar.)
Corp.,-$2 pfd. (quar.)-:
(quar.)_-:———
&
8-15
120c
preferred (quar.)
Central Cold Storage Co. (quar.)
B
(quarj__.™_
Hair
preferred
37VaC
,
(accumulated)
Cos.,
8-
preferred
(quar.)
Doyle Machine & Tool (quar.)
'
7-31
Chain
General
preferred
Oil
8-13
8 % 7c
regis.
common
preferred
Dow
r-ii 7-31
New- 5%
>
:
5%
8-16
> 8-15
3 7 Vac
;
Foundry,
10-1
/
■'■■i 627zc
"(quar.)_
Electric
Co.,
Dominion
7-31
15c
(quar.)
Cup
5 %
7-31
8-16
________
I—
Castle'(A. M.)"& Co.,
:
American & Foreign Power, $6 pfd. (accum.)
*$7 •preferred
(accum.
:___
American Furniture
(quar.)_
American
preferred
Caterpillar
1936)
class
A
(quar.)
8-16
(quar.)
Central
10-
Envelope
preferred
Power, 7% pfd.
(quar.)
Co., Ltd., 1% pfd.
Cemial
StOCk
American
Northern
ord.
deposit rets,
Dominion-Scottish
8-17
1
$50c
8-3
$1%
9-
Ltd.,
Dominion Foundries & Steel, G'/o
1
$50c
8-20
4c
(quar.)______
Light
div.
9-
25c
(quar.)
1
8-16
9-15
377ac
—
_»'•
^
8-12
75C
7%
A
5
1
5%
pfd. A (quar.)
J
'.
9-
15c
i
(irregular)
5
8-
of
(quar.)
Starch
Celotex
„
12-15
75c
common
Shares
American Can Co.
American
common
25c
(quar.)
Business
8-
1
$1.7573
_____
dividend
50c
(quar;)
1
$l3/4
(accum.)
50c
Automobile
American
6L,'o
preferred
Co.
99-
(quar.)
preferred
5%
Amalgamated Leather Cos.—
-
shares
Canadian
; 12-15
9-30
12-31
15c
8-13
9-
1
Dominion
Canadian Internat'l. Investment Trust. Ltd.—
12-31
$l3/4
7-30
(quar.)
-quarterly
shares
Canadian General
5
50c
r
4
—
(quar.)
preferred
the
9-
15C
Corp.—
8%
r
9-16*
$174
(quar.)
common
1%
3
1
$2
$2.50 class A (quar.)
Dodge Mfg. Corp. (Indiana)-(quar.)
Dominion & Anglo Invest.
Corp., 5%
8-16
377aC
(quar.)
common
8-
of Rev.
9-
(quar.)
Extra
8-21
1
Co.,
American
Dixie
1
Holder*
Payable
25c
Extra
'■; >
1
8-26
j:_w„.
preferred
Common. (interim)
1
8-12
5
$l7a
(quar.)
preferred (quar.)______;.
preferred (quar.)
7%
Co.,
9-
2c
Canadian Bakeries, 5% partic. pfd.
Canadian Breweries, $3.40 conv. pfd.
Canadian Foreign Investment
9-10
9-
9-
25C
(quar.)
Dominion
Common^
Canada
S.
—
common
Common
.
1
$$2
v
Canada
'7-30
10-
25c
(quar.)
tax)_.
Mfg.,
8-10
-
8-16
50c
&
Bearer
8-31
•
1
9-
87 Vac
_____
funds less Canadian
Aluminum
7
Water,
Registered
9-21
12-29
$1%
Co.
Sugar (quar.)
Canada Dry Ginger Ale (qu'ar.)—
Canada Malting Co., Ltd.—
7-31
10-
___
common
1
10-
(quar.)
___
Cement
Ltd.,
Machine
convertible
Canada
9-30
$$13A
(quar.)_
:
common
7
7-31,
1
9-
Ludlum Steel, 7% pld. (quar.)
Allentown-Bethiehem Gas, 1%
pfd, (quar.)
Products,
9-
$20c
__
Allegheny
Allied
&
California Water Service, G%
6 Vo
preferred B (quar.)
9-30
$17a
__
_____
6%
(quar.)
7-31
10-15
-
837aC
Byron
3-31
$172
_
(quar.)
Alberts Super Markets,
6%
-
-
__
preferred
8-
When
share
Company
common
l'/4 7c
preferred
Distillers
7-31
8-14
8%
8-20
8-16
—
California Packing Corp.,
5%. preferred (quarter)
10-15
$40c
(s-a)____
com.
9-15
$1.75 due Aug. 1, 1943 and interest thereon.
Jackson Co. (quar.j—
9-15
1
8-13
'
"(initial)
Concentrating
preferred
Representing
8-10
8-14
50c
Agnew-Surpass Shoe Stores,>>
10-
30c
_
(irregular)
Fund
Dictaphone Corp.,
8-14
12V2C
Byers UA. M.)':,,7%- preferred
Industrial and Miscellaneous Companies
APW
prior
Die
5%>-
7-31
$l3/4
tquar.)
(s-a)
1
9-15
IOC
(quar.)"
Burroughs- Adding. Machine
9-30
1
9-
6
20c
:
—
^_—
Butler-Brothers
37 7a c
.___
1.)
Co..;
: Z
$5
Butler
(quar.)
Washington Trust (Westerly, R.
9-
v
9-
$10c
Quarterly
—
Rdyal Bank of Canada (quar.)
Upper Avenue Natl. Bank (Chicago)
5C
(Interim) "
8-
Bunker Hill & Sullivan Mining &
12-28
10-14
Bueil
__
8-31
Manufacturing—*
New
9-28
1
10-15
—
_
(Wash.,
10-
Budd
(N.'Y.)—•
Co.
Mfg.
Mills
Hills Falls Co.
Buck
10-11
1-1-44
-
$1
(quar.)
(Montreal)
_1_
Extra
5
7-31
10-15
$1 Va
_
Bank
Silk
$1%
'
y
Trust
&
iiruwn-McLaren
Bruck
Buckeye Pipe Line
■
Quarterly
Mid-City Bank'
Brooklyn Edison Co. (quar.)' _!
Hardart
prior partic. pfd.
(N. Y.)
57c pfd.
Light & Power,
com.
$174
30c
8-10
$2 7a
10-15
8-12
7-20
10-
9
$l7a
9-
1
8-17
$172
9-
1/
8-11
$l3/4
9-
1
8-11
(quar.)—_
25c
8-14
8-
5
preferred "(quar.)_„_
Sash & Door, 77c preferred (quar.)_
77c
preferred (quar-.)—;
—
—
Hydro-Electric Securities Corp.-—
Hydraulic Press Mfg. - Co., 6 '7c pfd. (quar.)
75c
8-14
8-
5
$134
9-30
9-20
$l3/4
12-30
12-20
Huston
$3
(Tom)
Peanut,
common
convertible
Huttig
fiygrade Food
Products
———-
377ac
30C
9-
1
8-21
8-10
7-30
540
Monday, August 9, 1943
Per
thare
Name of Company
Illinois-Iowa Power Co.,'5% pfd. (accum.)__
Llinois Municipal Water,
6/0. pfd.
(quar.)
Illinois
Zinc-
When
Payable
62(4b
Holderi
b-
9-
$iy2
Per
'
0] Rec.
9-1
8-14
1
Imperial
$ 1y2
.
Co.
40c
Varnish
*
Monmouth
Color,
(quar.)
Monomac
preferred
Ingersoll-Rand
Inland
Steel
2*
8
8-
3
$4(4
preferred
12V2c
9-
1
8-20
$4(4
preferred
37Vstc
9-
1
8-20
$4 preferred C
____
Co.
._.
Business
Quarterly
International
Investment
6%
$1
Fireman
pfd. (quar.)
.f
Mfg.,
9-27
9-10
Ltd.—
'w/'
,,
8-16
'•".9-
1'
9-
1
1
liable Brothers,
$ll/2
5 %
$2.95
preferred
(quar.)
Trecker
Kearney
&
Kendall
Co.
Utilities,
Kentucky
(G. R.)
—
1st
2
8-20 ;
8-
8-16
10-15
7%
Class
8-10
$3
9-20
National
8-20
7-31
1
9-17
1
10-15
7%
preferred A
(quar.)
8-15
6%
preferred B
$30c
9-
t$l%
tlOc
9-
—_—
10-
flOc
10-
Milling
(interim)
preferred
conv.
Co.
Lanston
Monotype
—
Tourneau
Leath &
G.)
Leitch Gold Mines,
Ltd.
9- 3
National
12-11
12- 3
National
8-14
8-14
8-31
8-21
9-
8-
12-
1
4
6%
8-13
1
prior
$2.10
12-31
Amsterdam
Bedford
9
New
Newberry
10-
1
10-
1
9-15
6(4%
New
Haven
1
New
Jersey
9-
8-15
7-31
Newport
8-14
$1%
25c
1
8-11
$5
9-10
8-26
New
7-15
8-10
7-30
9-
1
8-
75c
75c
9-
1
8-10
Niagara
9-
1
8-10
Nineteen
30c
8-
1
7-26
Class
30c
11-
1
10-25
Class
A
Class
B
A
10c
8-23
8-
6*
9-
1
8-
7
$1%
10-
1
9-15
8-11
Norfolk
Norfolk &
preferred
Corp.
Little
Miami
Special
(quar.)
(quar.)
RR,
special
Co.,
guaranteed
.
capital
capital
■
(quar.)
Loblaw Groceterias Co.;-Ltd., class A
Class
B
(quar.)—i___
Lock
iv.
Joint
Pipe
Co.,
(monthly)
preferred (quar.)
8 %
Lcne
Suar
Portland
participating
Participating
6%
Taylor,
1st
Common
5%
preferred
Lultens
(quar.)
(quar.)
Lynch
Corp.
Macmillan
$5
preferred
RR
(s-a)
Madison
Square
Magnin
(I.)
Shirt
Manlschewitz
Marathon
Marshall
6%
pfd.
&
$1.25
(quar.)
2nd series
Co.,
&
8-20
1
8-20
12-
$1.50
1
11-20
Ogilvie
Flour
1
11-20
17o
preferred
1
9-17
Ohio
9-
1
8-17
Okonlte
9-
Ontario
Silknit,
Steel
9-15
8-16
1*
8-
1
Co.,
0
8-16
8-
8-30
7-27
Oshkosh
8-14
7-30
$1(4
8-14
10-
.
8-
1
7%
4
1
Otis
9-21
1-3-44
12-24
preferred
Elevator
6%
8-
Pacific Gas & Electric,
5%
preferred
5
(quar.)—
-
8-10
25c
____
11-15
20c
(initial)
(quar.)—
9-
1
8-
$1%
10-
1
9-20
$114
$114
11-
5
5(4 %
7-26
6%
9
8-10;
preference
tG2(4c
(s-a)
9-15
9-30
$5(4
9-15
9-15
8-14
Rig
preferred
Paton
75c
9-
1
12-
1
15514c
—
1
43%o
(quar.)—
9-
4334c
pfd.
Porcupine M nes (quar.)
Telephone Co.
(quar.)——___—
9-
1
8-14
8-
2
preferred
7-31
8-16
8-
$1%
<quar.)___
8-15
15c
8-16
7-31
9-
9-
2
of Calif.—
(quar.)
30c
9-
5
5
9-
1
Ltd.,
$1%
Associated Telephone Co.—
preferred (quar.) _______
______
Public Service, com. (quar.)
$G junior preferred (quar.)
6% prererred (cuar.)
G7o pre'erred 1740 series (quar.)
7% preferred (quar.)
Mic'-igan Sugar Co., G7c preferred (accum.)
Common
1
<0
8-16
1
$1.50
1
9-15
9-
1
8-14
$114
$H4
$1 '4
$134
30c
Pennman's
preferred
10-
1
9-15
10-
1
O_15
10-
1
9-15
Peoria
&
—
/-
Ltd.,
Bureau
Petcrboro
10-
1
9-10
—
1—
A
class
class
RR.
common
9-15
9-
(N.
H.)
Exploration
Dodgi
Philadelphia
1
Participating
Phillips
Plllsbury
8-16
8-
6
9-15
9-
1
>
7-15
8-20
8-20
9-20
10-
Southern
f
Flour
9
Southern
7-
9
Southern
8-
3
Southwestern
7-30
Spalding
Water
Standard
Brands,
9-
1
8-20
9-
8-20
Standard
8-31
Standard
9-15
Standard
1-1-44
12-15
'.'8-15
8-
5
11-15
11-
5
Stock
V-
7-23
8-16
7-31
1
8-14
8-10
7-31
8-31
i
8-31
8-14
8-10
7-30
9-15
8-12
8-25
8-14
8-25
8-14
8-31
8-16
Silica
10-15
9-20
1
9-15
9-
1
8-16 y
9-
1
8-16
9-
1
8-16
8-15
7-20
$1(4
pfd.
'•
com.
3iy4c
9-
1
9-
1
(quar.)
c
I20c
pfd.
$iy4
£-15
preferred
conv.
(quar.)
10-15
10-13
10c
8-20
fi-16
7-20
7-31
$1
(quar.)
1
8-
6
9-15
9-
1
•
40C
$1%
5
9-
1
8-16
1
9-15
10-
•
15c
:
10-
10-
'1$2
__
Corp.
9-
8-16
1
-
—
8-14
8-
—
5
Steel Spring-
dividend
(l-20th
of
1
share)—
5%
10-
1
9-20
(accum.)
'
y
9-15
9-
4
9-15
9-
4
31'/4c
8-16
7-30
$1 (4
9-30
9-16
$1 (4
12-31
12-17
25c
—
60c
40c
£
7-16
Stanley
7-27
8-16
7-30
—
7-31
9-
1
8-11
10-15
9-21
5%■ preferred (quar.)
Stein-.(A.) & Co. (quar.)
8-10
7-20
Stonega
•
Stecher-Traung Lithograph,
1
.
$1
'
10-
1
:•
5 %
Works,
6%
preferred
preferred
i quar-.)
(quar.)_
—
'
9-25
Coal
Strawbridge
&
&
Coke
(irregular)
9-
4
9-
4
Struthers
8-14
7-24
9-10
8-17
25c
9-
9-30
99-
3
50c
10-
1
1
8-10
Co.,
A
participating
preferred
A.)
Corp.,
Oil
Extra
Common
Sun
1
9-
1
8-10
8-16
8-16
8-
$20c
—
9-
1
8-14
9-
1
8-14
9-
1
8-14
9-15
8-25
t25c
25c
—
1
"
.8-14
f25c
(quar.)
_______—._
(quar.)
1
9-
$1%
62'/2c
—_—_—
(irregular)
Co.
Oil
(quar.)
(accum.)
$1(4 pfd.
Ltd.—
(D.
Class
3
9-30
Stuart
Wells
$lJ/2
(quar.)
Stromberg-Carlson,
9-15
9-
$1
Clothier, 6% pfd. A
6(4% preferred
9-15
5
9-10
Swan-Finch
50c
8-16
8-
9-
1
1
8-11
30c
10-
1
9-
..,9-
1
8-11
50c
9-
1
75c
9-
1
■
8-15
2
Oil
Corp,
10-22
25c
——
&
Syracuse Transit Corp.,
50c
common
6%
Swift
common
10-
J
9-
1
8-
6
9-
1
8-12
Tech-Hughes
8-
9-25
9-
9
1
Telephone Bond & Share—
10c
.
8-20
Tampa
Electric Co.,
Preferred
2
A
77o\ 1st. pfd.
10-
1
9-15
Terre
$4.12(4
9-
1
8-20
Texas
37 (4 c
9-
1
8-16
-
Haute
Gulf
40c
common
(auar.j
Gold
(interim)
Works,
L_
7%
pfd.
Producing
Texas GuH Sulphur Co.
(quar.)——
10-
35c
(quar.)
9-
50C
2
•
v
8-31
8-27
1
8-11
P-98
10c
'
2
8-
1
9-15
$l3/4
u__-
8-
8-16
tlOc
________
(accum.)—-—-—
Water
8-16
$1%
Mines
8-16
9-15
-
9*
1
'
1
8-15
(irregular)
A1
;
8-16
9-
preferred
(quar.)
Co.
(quar.)
Swift International Co., Ltd. dep. ctfs. (quar.)
37 (4 c
20c
50c
(accum.)
*
7-30
9-15
$iy8
—
8-11
40c
(quar.)
10-15
$1.50
(irreg.)
_________—___
preferred
)
8-14
35c
(quar.)
75c
25c
pfd.
<:
8-16
$1 (4
prior
v
8-16
•
(quar.)
non-cum.
—
8-16
30c
(irregular)_i.__
,
.
10-
$iy2
6(4 %
40c
(quar.)
;;
7-15
:"$iy2
—
(Dallas)
$1%
'
;
7-30
(quar.)
Extra
75c
class A
8-25
9-
8-10
(quar.)
Inc.
Quarterly
'
Co,,
Ins.
$4(4
25c
Common, (s-a)
&
Ltd.,
5%
Co.,
Co.
25c
Mills
5(4 %
8-12
Standard Wholesale Phosphate & Acid Wks.—
2-5-44
25c
preferred
Co.
8-25 •
1
37(4
9-
10c
common
7
$1(4
Seal, $1.60 conv. pfd. (quar.)
preferred (accum.)
Natl. Corp. (N. Y.) 7% pfd. (final)
Fuel,
Standard
8-31
1
8-16
<■
8-31
9-
50c
Standard Cap &
1
2-15-44
9-15
$1
_____
Water, 5%
Sperry Corp.
Spiegel, Inc. $4.50
Stamford
9-15
8-14
9-
37 y2 c
$1.27'4
(s-a)
pfd.
& Bros., $1.50 pfd.
(A. G.)
7-31
9-15
9-10
1
37C2c
—
(quar.)
Investors,
7-31
10-
9-10
1
Edison—
Life
7-20
■
1
10-
1
—
partic.
Power,
Railway
8-16
8-16
9-
10-
tiy2c
(quar.)
Canada
Sovereign
6
i
37y2c
California
preferred
8-16
87 (4 c
Pitney Bowes Postage Meter (quar.)_______
Pittsburgh,; Bessemer & Lake Erie RR.—- -
Poor
6%
7-
7-31
5
8-'20
8-10
10-
—
(quar.)_„
1
8-
8-
9-14
9-10
$1%
—
—
6%
Pow.
preferred
1
8-16
10-20*
10-20*
12»/2C
8-15
$2(4.
(quar.)
SteeJ,
quar.)
common
Power, $6 1st pfd.
Greyhound Lines—
8-20
8-14
1
1
12 y2 c
pfd. (quar.)—
Works
California
Common
8-25
10-
175c
pfd.
8-30*
1
(quar.)
2nd
6%
Southern
8-25
9-20
35C
___^i
5
5
'•*
8-14
10-
Extra <•",
35C
(s-a)
88-
:
V
11-
lfl20c
(s-a)__
Carolina
Southeastern
1<
t$l
LL,
Petroleum
Pittsburgh
$114
Canada
South
2
1
50c
(initial)
preferred
8-20
7
South
8-
Philadelphia Transportation—
9-15
2
4
8-16
9-
25c
(quar.)
2
11-
1
t20c
(accum. )_
common
(quar.)
Lathe
Bend
8-
9-
(quar.)___.
9-13
75C
(quar.)
Co.,
preferred
.
35c
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia Insulated Wire
Philadelphia Suburban Water, common
1
9-
6%
Mines
Pulp
1
8-16
(quar.)___
8-16
m v*
(quar.)
(increased
Gold
1
10c
$$l3/4
5% ; non-cum.'
Co.,
Ltd.,
preference
Corp
75c
(quar.)
Co
preferred
R%
Oil
9-
8-16
34%c
Valley RR.
Brewing Co.
$1
partic.
South
7-15
(quar.)
A
A
8-16
50c
t23c
(quar.)
Dairies,
9-
8-16
(quar.)_
i
8-10
r
50c
class
Pfeiffer
1
$1%
7-30
(quar.)
8-16
25c
15c
9-
9-12
8-30
1
31(4c
Evtra
10-
50c
_
Minneapolis-Moline Power Imnlement Co.—
$6.50
convertible preferred
(accum.)—_
rrn
ins., (Springfield, Mass.) —
common
common
50c
75C
Company
40c
5
1
50c
Grinding Wheel Co.
Pennsylvania Electric. 5.107o pfd. A (quar.)
Pennsylvania State Water, $7 pfd. (quar.)__
Peoples Gas Light & Coke Co.
50c
—
Semi-Annual
10-
25c
(quar.)
prior
Silverwood
9-
(quar.)
cumulative
50c
Cr
$1
8-20
8-25
10-
$1%
Philadelphia Electric Co.,
6 7c
Hart.
Silex
$ 1 (4
(quar.)_____
Telephone,-
8-
25c
(quar.)__
Soundview
:
9-15
12-15
8-12
25c
(quar.)—
Siscoe
50c
common
9-30
12-31
10c
;
—
& Power
7-31
tl5c
_;
,
U0C
(quar.)
common
AAA
8-
25c
(quar.)
Phelps
Scott—
(accum.)
Michigan
&
8-20
•!
Water
preferred
8-16
(quar.)
& Reel,
Co.,
preferred
Petroleum
25c
Michigan
Miller
1
'
5%
8-16
Peninsular
3714c
(quar.)'
(quar.)
Water
1 '
;
37(4c
(quar.)
Corp.
Mfg.
7%
Peninsular
$1.40
preferred (quar.)
Middlesex
Efierwin-WIlliams,
2
Sinclair
t$l
(quar.)
Lighting
Parkersburg
7-31
?
9-30
preferred
preferred
Pacific
'
Department Stores
Mid-ale
Shawinigan
9
Sioux City Gas & Electric, 7%
$1%
(quar.)
1
7-24*
37>/2c
——
9-15
.-
12-
8-10
75c
______
8-25
9-15
$1 Va
(quar.)__
12-15
i 50c b;
(quar.)
Acceptance
8-
t$l (4
8-14
Co.
i
T-$l
$1(4
_______—
9-15
(quar.)
■
1
45c
preferred
Common
$114
Glass
Co.
"'"8-
9-
%
$1(4
com.
12-15
9-
20c
9-30
_.i__
12-15
12-23
v
8-11
12-23
'
1
i
9-15
.•
—.
Corp., com.
(quar.)__
Seeman Brohters,
Inc.
(quar.)
Selby Shoe Co.
Servel, Inc.
6%
6
37(4c
Mfg.
cumulative
preferred A
Quarterly
7-22
t25c
(quar.)
Fire
Lace
Common
Co.
Owens-Illinois
&
'•) 8-10
9-
3
37'/2C
—_—
30c
Insurance
3
Marine
8-16
20c
—
(quar.)
9-30
(irregular)
8-10
■An
Co.
8-18
9-
$1(4
'
8-16
f
(quar.)^___
7 (4 c
Pacific
5%
Outboard
cumulative
0(4%
9-10
$1%
■v
1
8-20
$3
;
common
87'4 c
8-16
8-
5
Dillon
9-13
;.
20c
8-31
9
Board,
preferred
Securities
8-21
r
t$1.75
common
$1.40
&
8-
9-10
8-10
50c
(quar.)
$1.40
6preferred
$2
t25c
Light Heat & Power,
preferred (quar,)
8-16
Merritt-Chapman
8-13
8-16
25C
25c
50c
Corp.
9-15
Co., Ltd.—
Ottawa
11-15
Acceptance
1
$iy2
(quar.)_—
9-
Second Canadian Intl. Investment Co.—
$4(4
Scotten
6
(accum.)
6
8-
25c
preferred (quar.)
common
Sears, Roebuck & Co.
■
t$l3/4
preferred
8-16
1
8-10
$iy2
:
2
(s-a)____
8-10
8-
V/all
Co.,
Paper
$4 preferred (quar.)
.
..
7-27
(quar.)__.
8-
9-
25c
8
$1
____•
8-16
■
37'/2c
6
8-
(quar.)_
6
8-20
•V-
25C
—
$1%
Co.
8-
1
115c i
Corp.
Distillers Corp.
9-
11-
________
9-
25c
8-
8-13
7% pfd. (quar.)
$iy2
(irreg.)—__
8-20
8-16
_______
9-15
-
Assoc.atlon—
1
$2(4
(quar.)
Co.,
preferred
Loan
1
(quar.)___
Y.)
Pacific
9-
11-15
common
common
8-31
preferred
.Y.)
(N.
1
8-16
1
(irregular)
9-14
8-
(quar.)
7-26
9-15
25c
10-
8-16
(quar.)_____
(s-a)
B
$2 participating
Scott
5
8-16
1
9-
(irregular)
Scnumacher
8-16
"'10-
$1
$iy2
:
Quarterly
10-15
1
8-16
9-15
10-
$l3/4
Savage Anns
8-16
1
9-
m ;v-
(quar.)
B'Gosh,
preferred
11-30
6%
9-1
11-
50C
(interim).
$7
Mercantile
5
1
37y2c
Quarterly
8-20
50C
(s-a)
8-
(quar.)—
7%
(N
Products
$7
Stores,
7-16
8-
35c
25c
(s-a)
B
&
10-15
$ 134
—
_____—
Company—
Remedial
11-
7-26
(s-a)
Rocky Ml.
10-15
8-
(quar.)__
Class
Francisco
Scranton
common
7%
(accum.)
Mercantile
v
:
9-10
(quar.)
1st preferred
Service
9-10
11- 1
8-16
______
and Class
Louis,
ia
t$iv2
$25c
y
8-16
Hegeler Zinc—
Frank Co.
2
8-16
and
10?
35c
(quar.)__
$1(4
preferred (quar.)
preferred (quar.)__
6%
(a~cum.)
Meadville
San
8-
:
$134
com.
__—
common
(quar.)
4(4 7o
Power,
Common
Mills
preferred
Meier &
Pow.,
A
St.
8-16
$1 (4
(accum.)
preferred
Mclntyre
Ciass
7-20
1
I$1
Co.
Insurance
7%
7%
4
A
9-10
8-16
_r
preferred
6%
6%
11-15
1
683/4C
(quar.)
Inc.
preferred
8-16
1
25c y
50c
preferred
Public
Class
8-10
>
A
common
Water,
2nd
Louis
Schenley
(quar.)
Steamboat
Rubber,
class AA
Occidental
12-
$114
pfd.
pfd.
McClatchy Newspapers, 7%
&
(quar.)
Gas
7 %
May
8-
1
1
Shops,
1
10-
15C
pfd.
(quar.)
(Helena)
9-
12-
Co.—
Mills
Louis Bridge,
9-
$4.87(4
(quar.)___
(quar.V.
&
10-
Ltd.—
redeemable
conv.
Mattiessen
9-
$1
8-
Hosiery
3%
f>
9-23
•
25c
15C
5(4 %
preferred
Joseph
St.
Dock—
8-16
(quar.)—
preferred
6%
50c
8-26
8-31
8-15
$1 (4
(accum.)
i— yi'i. 25c
vi
$114
_—
(quar.)_—
Co.,
Y.)
50c
—
Paper Mills Co.
Massey-Harris
1
9-
$1.62J/2
Corp.
7%
(B.»,
Field
9-
$1.62 Va
preferred
Co.
(N.
$2
preferred (quar.)_
:___
Corp.
(quar.)_;_.
Moffat & Co.—
$3
»
preferred
Garden
St.
(quar.)
Nu-Enamel
50c
6% preferred (quar.)
Majestic Radio & Television,
Manhattan
;> 17c
7-22
25c
.
Co., 6%
&
9-21
$2(4
(quar.)
common
9
'•
1
10-14
$1(8
Tobacco
J.)
convertible
$1
7-15
50C
40C
__
(quar.
Saco-Lowell
8-
8-30
(R.
.Rubenstein
St.
9-
Petroleum,
2nd
Rollins
9
8-13
8-19
40c
(interim)
(quar.)
8-
10-20
9-9
;
Inc.—
B
7-31
9-15
(quar.)
(quar.)
common
preferred
8-30
1
'' 8-12
50c
>
(quar.)
8-10
$1 (4
preferred
Inc.,
A
$lJ/2
(quar.)____
pfd.
Public Service,
Ontar
—
non-cumulative
9-17
^
«•
1
9-
25C
V
Paper Co., Ltd., common
6%' preferred (quar.)—
9-17
9-30
(quar.)
preferred
Ry.—
(increased)—_—
(quar.),;
Co.,
1
8-21
10c
.—
Co.,. common
preferred .(quar.)
preferred (quar.)
6V2%
,Norwalk ,T;ire
Northwestern
$2
—
Lunkenheimer
6V2%
9-20
$4
Co.
9-30
(quar.)
Rolland
8-16
9-17
11-
$2y2
-
preferred (quar.)
7%
7-31
1
25c
Co.
Insurance
$1*4
(quar.)
(quar.)
Nashville
&
9-
9-30
(s-a)
Robblns & Myers, $1.50 partic. pfd. (accum.)
Rochester Button, $1(4 conv. pfd. (quar.)
Rochester Gas & Elec., 6% preferred C
'
25c
$1%
12V4c
Liberties
9-30
$1(4
(s-a)
Steel
7-31
—-
Insurance
8-21
$1(4
&
non-cumulative
Louisville
8-16
8-16
$1
25c
common
7-31
O'Connor,
Exploration
Henderson & St. Louis
Louisville,
River
'7-30
10-
7-31
8-16
8-13
...
interim)
Class
B
(quar.
interim)
Rheem Manufacturing Co., com. (quar.)
Rice-Stix Dry Goods, 7%
1st pfd. (quar.)
7-31
8-16
.___!
Nprthern
8-31
20c
8-16
9-30
3s 6d
preferred
Rand,
Common
10-22
10-25
'
(quar.)
6 7c
3
9-
1
2
8-31
7-23
25c
preferred
Republic
Reynolds
9-10
9-15
8-
9-15
8-25
$iy2
(quar.)
6%
Corp.—
Northern
,
9-30
11-
'
(quar.)
Co.
preferred
$4(4
8-18
50c
Western Ry..
9-1
25c
preferred
Land
North
7-30
1
8-31
:
,
2uC
$25C
preferred
Republic Investors, Fund,
10C
Adjustment preferred
$25c
$2
__—_—.____
preferred
participating
Participating
Louisiana
1
9-
50c
Washington
$1
—
6%
&
11-24
9-
Cement—
5%
Lord
12-10
4%
10-20
$1%
Weaving
Mines
&
$1
■
—
Co.
Gas
Longhurn
8-25
8-25
8-20
25c
Nonquitt Mills
11-24
9-10
$25c
(quar.)
!—
(monthly)
common
Common
9-10
12-10
$1.10
(quar.)
(quar.)
Original
50c
50c
$1.10
gtd.
(quar.)_
Original
i
15c
._
8-10
IOC
.
non-cum.
non-cum.
10-16
10-30
$1(4
(quar.)
'
Knitting Mills—
Remington
1
':
(accum.)
(quar)_
Noranda
8-31
6V2 %
Lionel
1
9-10
9-15
1
preierred
preferred
$1.60
10-16
$1(4
Insurance
6(4%
Hundred
50c
(quar.)
11-
1st
$1.60
8-31
1
50c
Queens Elec. Lt.
Wire
Lindsay Light & Chemical
common
8-27
common
non-cum.
Regent
8-13
9-15
Co.,
Second
9-10
8-31
11-
4%
1
-
(quar.)
&
non-cum.
Link
Co.,
10-15
$ 1 (4
(quar.)
Quarterly
York
$5
8-18
12-
^
preferred
25c
1
12-
Brake
40c
11-10
9-
50c
Air
(Quar.)_
(Ind.)
(s-a)
% V:
(s-a)
News Shipbuilding & Dry
convertible
1
12-20
Co.
_
(quar.)i.
Nat'l Life Insurance
of Amer.
preferred
Clock,
Zinc
York
New
12-
12-20
Common
2
Reading
$ 134
(accum.)
Casualty
._—
(quar.)_
common
9-20
9-15
Rath Packmg Co., 5'%
Rayomer. Inc. (quar.)
12 (4 c
J.)
—
Tobacco,
10-15
•
'
(interim)
8-12
$1 Va
pfd. A (quar.)
9-14
9-14
(quar.)
Rayon Corp., class A (irreg.)
5% preferred A (quar.)
(J.
—
B
Belt
8%
New
Ltd.
8-10
1
8-13
50c
preferred
8-25
$2'/2
£
Fire
7-31
Mines,
8-13
7-15
$ 1 (4
6%
9-
25c
(accum.)
Rand
-
50C
i__
Oil Refining
Quebec Power Co. (quar.)
Railway Equipment & Realty—
$6 preferred (accum.)
9-16
9-15
8-16
$ 1 (4
'
;
Light—
(accum.)
preferred
prior
(quar.)
Quaker State
12-16
10c
Co.—
12-21
15c
(quar.)—
Myers
&
Power
Quaker Oats Co.,
1
9-28
$1
9
9-
$5
8-14
$1(4
Neisner
8-
_.—
Puget Sound
8-15
9-
2c
-L
preferred
Tool
8-
——.:—
3
1
9-
25C
_
common
Neiman Marcus Co., 5% pfd.
Brothers
(quar.)
2
t2c
(quar.)
9-
>'9-15
25c
(s-a)
Machinery Co
5(4% prior pref.
Union
1
(quar.)
9-13
50c
Extra
1
$1
9-29
25c
___.
preferred
9-
(quar.)
____
Savers Corp.
Lincoln
9-11
9-
(resumed).,
—
Ciass
12-15
35c
preferred
Libby-Owens-Ford Glass
Liberty Aircraft Products
&
Supply,
62(4c
pfd.
Lexington Water, 7%
Liggett
Rubber
National
25c
(quar.)
4%
Co.
National
$1.1214
(quar.)
(quar.)
Tailors
Custom
Leonard
5
9-4
Neptune Meter,
preferred
Cement.
Products
Fink
11-
9-15
9-
8-13'
8-13
6%
15C
;
^____
*-
8-14
$1(4
preferred (s-a)!
5%
11-15
$3
(quar.)
common
Co., $2.50 preferred
Portland
&
Extra
6
J20c
—
convertible
8-31
8-
4
8-30
75C
_____!
Co.
Type,
8-14
9-15
"Vi:
.•
Insur.
&
1
$1.25
Public Service'Corp.
1-3-44
20C
1st pfd.
preferred
;
Paper
8-16
50c
___
(s-a)
(R.
cum.
1
Liberty
Extra
National
30c
'
—.
Machine
Candy Shops (quar.)
Lawyers Title Insurance (Va.) —
$4.50
2
J50c
Secord
preferred
8-
8-31
t50c
(accum.)
(accum.)
(quar.)
1
1
National
25c
—
preferred
2
$ 134
$134
25c
—
7%
Ltd.
8-
8-14
9-
•
(quar.)
9-15
(quar.)
common
25c
(quar.)
(quar.)
1
Lead,
1
9-15
$1
(quar.)
National
$4'/2
8-
9-
$2
$2
(s-a)
Gypsum,
8-25*
8-14
25c
com.
50c
30c
preferred
9-15
120c
:
(quar.)
$l3/4
(quar.)
common
non-cum.
2nd
(s-a)
Indidha
(quat.)
lbc
Erie, 5%
8-25
—
(quar.)
com.
(interim)
Co.
of
(quar.)
$134
11-
—.
(quar.)
pfd.
60c
(quar.)
convertible
(quar.)
National
non-cum.
$1 (4
(quar.)
Co.
preferred
(quar.)
3%
7-23*
preferred
._
10-
(quar.)
(quar.)
Inc.
Bryant
pfd.
Container Corp. (quar.)
Electric
Welding Machine
National
8-14
7%
$1(4
National
8-16
>
50c
8'%
preferred (quar.)
Cylinder Gas. Co. (quar.)
National
7-31
*
'
preferred A
cum.
(quar.)
common
10
6%
convertible
1
8-20
(quar.)__
8-14
8-26
$1(4
(quar.)
$114
$1%
15c
(quar.)
common
Co.,
50C
common
— ---
preferred
Puliman, Inc.-'
(quar.)
Lines,
City
A
8-
8-14
9-20
11-25
common
50c
Baking,
(quar.)
Lansing
,
Co.,
9-20
1
1
iquar.)
Metals,
10-15
1
1
12-28
conv.
$75c
99-
10-15
$1.50
$1(4
;
preferred
Biscuit
preferred
National
9-30
12-30
6%
*$iy2
9-
(quar.)_
Bearings
National
5
1-15-44
1
1
8-13
Co.
Fibres
convertible
6%
National
7-31
8-31
10-
1
1-3-44
Mills
8-27
common
preferred
preferred
Langleys,
Life
Auto
8-10
Woods
the
Common
Lehn
Acme
National
9-10
preferred
Machine,
Lehigh
National
9-
&
Extra
Landis
Le
Nashawena
2
7-30
8-25
2
10-
(quar.)—i
50c
7%
preferred
(quar.)
Lamaque Gold Mines Ltd.
6%
7-22
$1.37 Va
12-
(quar.)__—
(quar.)—
25c
Creamery,
of
Laura
preferred
preferred
8-10
8-
10-
8-
of America—
Co.
——
—
preferred
2nd
7%
6%
Chemical
8-
8-28
pfd.
(quar.)
(quar.)
$1
;
8%
Works,
pfd.
1st pfd.
I2c
Transport
Service
.
9-15
12-15
of N. J., $5 pfd.
preferred (monthly)
preferred
(monthly)
•—
Water
___________——
Co.
S.)
Grocery
Knudsen
7%
25c
8c
8c
Public
of Rec.
,
12-15
25C
Quarterly
Muncie
5(4 %
G%
partic.
Gamble
Provincial
Development-
&
Power Co.,
5%' preferred
8-16
8-31
9-15
.
$l3/4
$1
——
Mining
&
8-16
$1(4
Muskogee Co., .6% ;preferred (quar.)_.
9-15
8-20
$114
(accum.)
——
Co.
fS.
Kroger
Lane
2c
l-:?
Oil
$l3/4
Mines
9-15
$ 1 (4
(quar.) i
f-L.—————————
Kresge
7%
■
(quar.)——!____——
_
Koeiiring
Lake
pfdf
(quar.)
Fund
Special
15c
2c
—
—
prior
$5
(Emil) & Co.
8-16
9-
5c
._—.
—
—
Kinney
7%
(quar.)
(irregular)
;
Oil
Cotton
Knickerbocker
67o
pfd.
1
8-
$114
75c
$114
87l/2c
J5c
—
(payable in U.S. funds)—
ditto
Klein
junior
6
8-16
6%
(quar.)
A
Procter
5 7c
(quar.)
Diablo
(quar.)____
Holdert
Payable
'
of Canada,
non-cum.
Privateer
When
thare
(quar.)
•
1
10-
6%
8-16
Company
Co., 7%
preferred (quar.)
9-15
-
75c f
Society (quar.)
).
common
$5 preferred
Mount
2
8-
6%
Power Corp.
*
8-26
9-15
m
t$l3/4
—
Industrial
Motor Finance,
•
;
—
Mines
Key Company
Kingsburg
'
.
preferred
7%
Gold
Mines
Lake
(Me.)—
(quar.)
partic.
$6
Iierr-Addison
Kerr
Yards
8-14
8-16
9-
$31 (4c
participating preferred (quar.)_
(Wm. R.)
Dry Goods,
(quar.)
Mutual
Semi-annual
City Stock
8-
'8-13
5c
preferred (quar.)_
Kalamazoo Allegan & Grand Rapids RR. Co.—
11-10
34 %c
(quar.)
Quarterly
8-25
1-
12-
preferred
Potomac Elec.
11-10
$2
Mortgage
Quarterly
11-10
9-
6%
&
7%
'
7-27
12-
^
(quar.)
Loan
Pollack Paper Box
8-10
11-10
Moore
8-10
12-
Kansas
•
preferred
8-13
9-
12-
$2.25
Society, 5(4% pfd. (quar.)—
Cottons Co.,Ltd., com.
(quar.)
Morris Plan
30c
—
preferred (quar.)
'. Jersey insurance Co. of New York (s-a)____
KW Battery
Co.
(quar.)
$3
8-18
30c
(quar.i
(s-a)
2
8-
50c
(s-a)
Name of
8-24
$2.25
-
Per
0/ Rec,
8-16
•$1
—
Holdert
9
Moody's Investors Service—
9-15
$114
75c
Common
7%
7-15
10-15
Jantzen Knitting Mills, 5%
»,■
Montreals
5
8-
B
9-
$1%
(quar.)
(s-a)
A
'
$75c
(quar.)__
common
75c
'
(quar.)_
1
9-
•
(quar.)
Monroe.Loan
8-20
9-10
$1(4
$1%
$50c
—________—
preferred
8-13
Montreal
Silver
Foundation,
convertible
Iron
Ltd.
8-
1
Corp.—
.
Holdings,
1
9-
25c
Machines
International Harvester Co., 7%
International
9-
—
Inspiration Consolidated Copper
International
9
$1(4
Co.
Chemical, common
8-
9-
(quar.)
common
50c
Water, $7 pfd.
Spinning Co.
8-16
Payable
I
Consol.
7y2%
_________
When
thare
Name of Company
.
(interim)
&
'
Carpet' Mills
Monsanto
;
Imperial Tobacco of Great Britain & Ireland—
Ordinary registered
f
■
Mohawk
5
-
"
Volume 158
•'
"•
THE COMMERCIAL
Number 4201
•'
Per
Name of Company
Texas
Pacific
Coal
thare
Oil
&
(quar.)
Thatcher Mfg., $3.60 preferred
(quar.)
Thermatomic Carbon, $5 preferred (s-a)
Thompson (John R.) Co. (irregular)
Tide
Associated
Insurance
Toburn
Gold
Trane
Co.,
Oil
Corp.
Mines,
12+2C
Jlc
8-31
":7r31
11-24
7-30
8-10
8-21
8-23
7-22
12,/2C
8-16
8- 2
8-16
8-
9-
(quar.)
(St.
preferred
(quar.)__
(quar.)
—
9-4-
8-14
11-15
8-16
25c
preferred ;<quar.)
preferred (quar.)
Union
Oil
United
5%
California
Biscuit
:
,
preferred
—
$1.25
(quar.)
of
25c
,_
___
United
Gas
United
Grain
5%
Corp,
Light & Railways Co.
preferred (monthly)
preferred (monthly)
7%
6.36%
preferred
6.36%
United
N.
S.
J.
RR.
Guarantee
United
Canal
50c
S.
Co.
53c
1
$2?2
10-10
(quar.)__
9-30
& Foundry Co.—
?>
8%
U.
S.
Steel
7%-
Corp.,
U. S.
Cash
Mills,
during
Transacted
By
Aug. 4..
Barnes
l20
9-20
8-31*
11-30*
9-24
&
Lofland,
Phila.,
9-24
$1
9-20
7-30
1
8-14
25c
(quar.)
(quar.)
62'/2c
United
Bourse/common
States
Drueding
Testing
Brothers
Co.,
*'B"
($50
$72
10-
1
8-28
1
9-27
1-1-44
12-27
(accum.)
$2
10-
62Vic
10-
1
.United States Government
62Vic
1-3-44
12-24
25c
9-20
8-13
'
on
hand
Aug. 4,'43 '
9-
$1.75
.
Treasury.—..
20,108.216
notes
9-10
'
1
9-
12-1
$1.75
12-10
$3
8-20
8-
$1
9-
8-14
50c
1
9-, 1
20c
6'
-
!
>
54,423
Walker
10-20
10- 9
9-20
Holdings of Treasury,, bills
9-10
50c
—
$1
:
(quar.)
(interim)
9-
(quar.)
preferred
Warner
Bros.
i-V..-
•;
.•
1
4,515
Warren
$3.85
class B
(Northam)
f$l
(quar.)
8-13
9-
1
000,000
8-10
8-14
U.
S.
declined
Govt,
and
"/
■
Gas Light (D. C.) —
$4Vi preferred (quar.)
—1
.$5 preferred (quar.)—
_____'
Washington Railway & Electric Co.,
—
Sl'/a
8-10
.,.7-24
1__
$lJ/4
8-10
17,520
4,515
12,337
11,826
300
1,671
direct
guaranteed:
,
,
i
1,475,348
Notes
Bills
in
$153,000,000
Total
+
4,874,890
securities,
guaranteed
and
com.—
$9
22V2C
8-31
8-14
JT-14
Participating
5%
.
Units
—
—
preferred (quar.)
preferred
(quar.)——
preferred (s-a)
5%
5%
Grape
Juice
Co.,
$1%
Canadian
Hydro-Electric Corp.— v -,.
preferred (quar.)——;West Indies Sugar, common (irregular)!
/'Common
5%
;West Michigan
$1%
Foundry—
«
•
-
;
Electric
Whitaker
Paper
7%
,
+ 214,330
8,165,338
+
214,330
+4,862,474
+
218,545
+
62,602
+
1~494
+
36,240
1,612,704
+
49,570
+
610,126
1,766
White
(S.
Whitman
6%
S.)
Dental
(Wm.)
preferred
&
Mfg.
:
(
(quar.)
Mfg. Co
Candle
(F.
(F.
W.)
&
Ltd.—
-r. ••
deposit
r'—
receipts
^
7%
preferred
--
25c
preferred
(quar.)/——$1 k
1- 4
8-26
9-20
8-20
Zion's Cooperative Mercantile
9-10
7-30
7-30
7-30
7-15
8-21
50c
50o
9-15
;,
xLess
30%
♦Transfer
Jamaica income tax.
not closed for this
books
account
JPayable
resident
in
tax,
of
accumulated
-
'
9- 4
12-15 /•• 12- 4
■
/
banks
declined
Canadian
15%;
funds,
resident tax,
'
-' "
'
"
Total liabilities
355,828
32,333
55,672
—
38,853
—
+
163,197
346,666
2,466
+
103,356
+
+
189
-+
30,047,720
+ 252,466
+ 5,176,674
.
'
Capital Accounts—
paid in
Surplus (Section
in
7)
capital accounts
v.-:.63.
+ /
Total liabilities &-cap. accts.
trial
to
make
3,874
+
90,508
Ratio of total res. to deposit &
F. R. note liabilities combined
of
148,974
160,411
26,829
Commitments
liabilities
...
13b).
Surplus (Section
all
.
of. the principal assets and
-
-
.
We give below a record for the week
FOREIGN
EXCHANGE
RATES
CERTIFIED
BY
2,909
'•■:;•
+
+
+
+
30,474,442
71.2%
252,670
—
.4%
48
40,635
+
141
5,224,140
—
15.6%
indus¬
advances
11,836
39
—
—
3,012
J
just passed:
FEDERAL
RESERVE
TO AUGUST
BANK
TO
TREASURY UNDER TARIFF ACT
1930
OF
5, 1943, INCLUSIVE
Noon Buying Rate for Cable Transfers in New York
Value in United States Money
'
-
Argentina, peso—
.
u.
;
1
-
.
Free
■
Aug. 5
Aug. 4
3.228000
.297733*
.297733*
.251876*
.251876*
.251876*
.251876*
3.228000
.060586*
v
:
.051275*
"
3.228000
3.228000
3.228000
.051275*
.051275*
.060586*
.051275*
.051275*
.051275*
.909090
.909090
.909090
.909090
.
.060586*
.060586*
.060586*
'
i
-
.
'
■
.909090
!_•__*
.909090
.908125
"
'-
-
.907500
.907500
.905156
.906250
.906250
"
peso
•
1572766*
.572766*
-4.035000
.301215
1
r;;v: ' .205750 (
.205750
:
1-.909090
—
.205750
■v■■■+■: .905625 " '
^
pound—
'______
"
-
,
f
! 3,244203
Africa, pound-
i
3.980000
.905000
.909090
3.980000
""
••-
•
.572766*
••
.301215
.205750
+
v
.572766*
;
4.035000
4.035000
.301215
,
'''i/
.205750
v
r
;r
.903750
3.244203
3.244203
3.980000
3.980000
•:'• V,
.90909 0
.909090
.905000
;
3.244203
.572766*
4.035000
.301215
.205750
'
'
.909090'
.
-
4.035000
J301215
.301215
-
.
•.572766*
4.035000
•
New Zealand,
$•
r
.297733*
'
England, pound sterling
India (British), fupee
Mexico, peso_.
j.
Newfoundland, dollar—
'
*•
.297733*
V .251876*
>
.060586*
^
Official
-
3.228000
,
;
.297733*'
^
-
Official
r
;
•
.251876*
-
pffi
•
Colombia,
•
Aug. 3
'
Official
'«'> Free
Aug. 2
$
•
Canada, dollar—
/
•
-
July 31
.297733*
....
Free
i"
July 30
.
—
Australia, pound—
Brazil, cruzeiro—.•
<'
■+:
•.
Free.;
Uruguay, peso—..
Controlled———™——^
.
.
....
-.903750
3.244203
:
3.980000
.909090
.902500
'
3.244203
•
3.980000
•
*••■
dividend.
dividends;
265,974
112,196
+
+
1,225,243
5,770
+
46,703
—
14,383,881
availability items
liabs., incl. accrd. dlvs..
26,903
+
•
|
domestic
•
"
tOn
j
+
403,274
...
Deferred
Other
■>
■
+4.664,345
—161,611
397,584
1,246,945
Total deposits
Capital
•
$203,000,000.
Union of South
'
Other
;
Country and Monetary Unit
••v:
—
,___*
Quarterly
Treasurer—gen. accts—
Foreign
•:
United
+ 204,593
12,336,078
U. S.
$568,000,000.
JULY 30
9-11-
Institutions—
——
Quarterly
world.
---_
10- 1
v;
■..;i: ..*•
14,432,826
-
A--
--7-.4
.
;
was
Official
&
5Va %
15,244
+5,224,140
Foreign Exchange Rales
8-10
—
.
'
+'
1
252,670
Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
r ,
•:
8-21
10- 1
10- 1
9- 1
10- 1
(quar.)
was
10-15
$!3/4
Towne-Mfg. Co,—
———
-15c ^ 10-1
<
York Knitting Mills, ^.common (s-a)
;
'120c
8-16
7% 1st preferred (s-a)_'_
t%V/z
8-16
7%
2nd preferred
(quar.)_—i—•
t$3V2
-8-16>.,;
Young (L. A.) Spring & Wire (resumed)—
$1
8-15
Youngstown Sheet & Tube, common—50c
8"1®
Yale
•
—
+
/'..■ /
Member bank—reserve acct..
•
City; the total decrease at all reporting member
A summary
7-30
1
8-16
10%
$7V2C
^ 50c
:
Mines (quar.)
;
(Wm.) Jr., Co., common..
-Wu.rlitzer. (Rudolph), common, (irreg.)
York
8-11.
8- 2
10-15
1
•
10^
Wright-Hargreaves
•Wrigley
• •
•
.
—
792
8- 6
>
9- 1
40c
Co.,
•
8-16
11- 1
11-
87
'
banks
9-11,
9-20
9-20:
8-16
1
1
1
8-16
$1
Co.
-
:
1
9-
30,474,442
Liabilities—
deposits declined in all districts, the
8-10
'
8-14
$l>/2
1—...
assets
Deposits:
J
banks.
49
—
—•"
62,310
........
4,873,140
+
38,631
assets
F. R. notes in act. circulation.
mem-
Other
9-15
$2V2
"'Ordinary registered———1
American
1
——
W.)
Woolworth
10-
$1%
$65,000,000
.
-i
premises
Total
.districts, the principal decrease being $83,000,000 in New
9-15
(quar.)—
w_.!
Wool worth
,
1
10c
•Wilson Line, Int., 5% 1st pfd. (s-a)
Winstead Hosiery, common (quar.)_
Extra
10-
10109-
member
8-27
$1
10-
v
134
9-15,
1
Co.
$6 preferred
Williamsport Water,
1
9-10
$1%
30c
$1%
$1V4
75c
$1
(quar.)
preferred
prior
Bante
8-14
9-
-
(quar.)
Lace
Baumer
(quar.)—_—
preferred
7%
$5
10-
all reporting
,
8-10
8-10
9- 1
35c
(quar.)
Stores,
•Wilkes-Barre
-Will
(quar.)
«t
banks
"
depdsitsra'djustecl increased $263,000,000 in
City, $96,000,000 in the Chicago District, and
Deposits credited to
•
-8- 2
8-31
8-31
9-15
•
reporting member banks
i
"
8-16
9-15
* 50c
——„——
common
8-16
'
foreign
notes of other banks
Other
of
799,342
+4,238,845
.
8,194,684
securities
Uncollected items
$81,000,000 in the Chicago District; the total decrease
at all
8-15
7-19
7-19
•
8-16
25c
...
Products,
Co.,
preferred
Wiebolt
'
(quar.)
Instrument
Chlorine
"
•
$1
$1
$1
—
Weston
-
and
25c
•:
—
1
8- 6
9- 1
'
States Government
9-15
•
$1%
Elec. & Mfg., common———
7%
participating preferred
—
Westmoreland Coal
Westmoreland Inc.
12-6
9-30
43%c.
$1%
$1V2
Westinghouse
Westvaco
12-16
increased
from
F. R.
;principal decreases being $251,000,000 in New York City
8-14
'
Holdings
City and $88,000,000 at all reporting
$453,000,000. at
8-20.
9-
•
.
■
preferred (quar.)
rWest-Penn Electric, 7% preferred (quar.)__
6% preferred (quar.)
;
West Virginia Pulp & Paper, 6% pfd. (quar.)
_—
1
1
8-16
9•
-
Demand
New York
8- 1
25c
$1%
convertible
•Westinghouse Air Brake
1
8-15
25c
-——i
(Steel)
9-
8-31
•
$20c
(irregular)
(s-a)
11-15
8- 2;
8-15;
8-16
- v
.
preferred
1
8-31
i
10c
participating
r'
cer¬
$21,000,000 in New
banks.
Government bonds
'ber banks. V
11-15;
25c
$1
_
80c
1
12-
25c
(quar.)
Wellman Engineering Co.
;
Wentworth Mfg. Co., $1 conv. pfd. (irreg.)
Wesson Oil & Snowdrift, $4 conv. pfd. (quar.)
West
States
-in New York
8-14-
12-
$2.50
com.———
preferred
.
1
9-
$1.25
_
Welch
'*••7%
8-31
$1.25
Total bills and
Due
4,175
—
U. S. Govt,
direct
•
171,538
—
723,400
1,091.700
Certificates
Holdings of Treasury
increased
all reporting" fnember
7-24
v
-
1,587
■■■■■■
v
securities,
Bonds
'
'
$11,0d0,000 in the Chicago District,, and $44,-
at
United
'Washington
indebtedness
of
-York City,
1
8-28
75c
tificates
8-13
9-
$1V4
.all reporting member bapks.
'4-
9-15
$34.65
(accum.)
pfd.
$3
13,924
+
—
„
Industrial advances
000,000 in the Philadelphia District, and $284,000,000 at
8-10
■>
9-15
t25c
pfd..
(accum.)—
Corp..
9-10
.
(quar.)—______
Co.,
89,247
308,931
,
;...
Total bills discounted
•New York City, $33,000,000 in the Boston District, $24,-
1
9-
.
!
•__
Pictures,
.Warren Bros.
t20c
_•__
Worts—
&
41,234
+
by U. S. Gov't obli¬
■;
banks.
8-13.
9-20
$1%
common,..
(H.) 'Gooderham
Common
4-
16,098
•
•
;
14,012
17,520
439,412
—
913
+
20,503,377
.
gations, direct & guarant'd
Other bills discounted—.—
deposits, and $203,000,000 in
reporting*'inember
$44,000,000 at all
1
9-
1
$1%
;
Mines
Aug. 5, '42
2,999
—
340,738 /
reserves
Secured
'
Commercial, industrial, and agricultural loans in¬
creased $10,000,000.
Loans to brokers and dealers in
'securities increased $35,000,000 in New York
City, and
—
participating
preferred
(accum.)—
Virginia Coal & Iron (quar.)
;.
Virginia Fire & Marine Insurance (s-a)____
Amulet
Decrease Since
•
$1
—
6%
Waite
or
July 28, '43
and
Bills discounted:
9-10
2
District).
cash
Total
deposits credited to domestic banks, and an increase of
$453,000,000 in demand deposits-adjusted..
9-21
16
accounts,
(Boston
v
certificates
Redemption fund—F. R.
principal
•
Co.
Assets—
.
due from U. S.
changes for the week ended July 28: Decreases of $284,.000,000 in holdings of Treasury bills, $568,000,000 in
9-15
1
104
+
(In thousands of dollars)
The condition statement of weekly
reporting member
banks in 101 leading cities shows the
following
..
10-
150
+
2
699
Reserve Banks Combined
15
Other
8-14
t2'/2C
+
9
+
7,169
,
11,271
20V2
Member Bank Condition Statement
_—'
3,018
—
Increase
1
+
except
week
-9%
par)
common—
common
Gold
1
5
75c
pfd. (quar.)_
Corp.
9-
12-
12-
.
i'
Detinning Co.,
7% preferred (quar.)
Wugner Electric Corp.
9-L5
62Vic
75c
Machine Tool
Vulcan
9-
Gov't
+
203
..
+
64
Statement of Condition of the 12 Federal
8-20
8-20
Philadelphia
'
7
8,594
deposit accounts
S.
453
568
Wed.
on
9-10
6
+
4,817
:
U.
471
—
,
9-10
$2
•
f
+
5,797
32
and
v 30
+
69
-
888
—
11
'
498
—
26
—
33,839
8% flat
STOCKS 1
" "
•
; '
$ per share
American1 Telephone & Telegraph £lo._—
162%
Pennsylvania Railroad Co.—;.——uL
;_
27
Pennsylvania-Mfrs.- Association Casualty' Inssurance__
150 •'
4
6
9-15.
.,
+
782
demand
25
\
310
—
'
♦July 21 figures revised
8-10*
12-20
'
*
Foreign banks
Borrowings
interbank
——
4,870
28
.—
2,238
Interbank deposits:
Domestic banks
-•
1,994
+
■—
539
.deposits-adjusted
to
5,574
+
+
8,714
deposits
U. S. Government deposits
$220 lot
,+
♦11
*88
1,725
Time
-/■
2,557
—
2,931
Liabilities—
Demand
+
.,♦44
+
4,852
Balances with domestic banks
417
—
284
—
7,029
with Federal Reserve Banks.—»
in vault
18
+
6
—
73
—
1
15,988
securities
Debits
■'•■■'- '!
indebtedness
of
Reserve
CD.
.
—
28
—
2,
—
47
bonds,
Other
$11 lot
common,
bonds
1,140
+ .••.. 423
.
15
—
1,157
■:
Obligations guaranteed by U. S. Government
Portsmouth,
$5,000
379
w.
banks
Treasury notes
Burlington Realty Trust, Boston (Boston Parcel Post
Station) 1st mtge. 5'/2S, Oct., 1945—;
•
v
—
3,7%
preferred (quar.)
Virginia-Carolina Chemical—•
Mfg.
$1,000
paid;
to
Treasury certificates
•
Products
Railway 4 % %
44
4,478
"Shares"
preferred
prior preferred (quar.)
prior preferred (quar.)
"Vogt
-
+
Treasury bills
..
shares
Phoenix
992
1,217
—
carrying
1,276
River Lumber Co., pre¬
8,750-10,000
or
Other loans
•
common
purchasing
securities
Anglo-Chil-
Co.,
loans for
Real estate loans.
I
Lloyd-American
Lumber
BONDS
8-10*":
Co.'_
Vanadium-Alloys Steel
;Vapor Car Heating, 7%
•
Street
8-15
10- 1
25c
preferred
Upressit Metal Cap Corp., 8% pfd.
Utica
Knitting Co.—
Van Norman
German
Foods
■■■.
..
-
Laboratories,
common
(quar.)
(quarterly)
Universal Pictures, 8% 1st pfd.
(final)
Upper Canada Mines, Ltd
/Upper Michigan Power & Light—
5%
33
$563.04
on
York
&
8-15
50c
Common
5%
Other
.
Insurance
preferred
sub.
Dover
30c
(quar.
6%
and
$22%
J
Universal
6%
Corp.,
10
Loans to brokers and dealers in securities
Loans
$3.00
+
—
-
,
Corp., class
B (50c par); $1,000
Augusta Winthrop & Gardiner
Railway general mtge 5 %" Jan.
1, 1935, • coupon
July, 1931 and sub. on; 10 Bath Iron Works, Ltd.,
preferred
($100
par); $1,000 Lockwood Green &
Co., Inc., 7% March, 1933, coupon March, 1929
8-10
.
common
preferred
Universal
par);
8-10*
$1%
1st
North
National
8-27
common
non-cumulative
2,725
8-15
50c
Co.,
6
30c
50c
Rubber
($100
Inc.;
:
V
Superpower
pfd.,
Compania Salitrera
,
ferred
-
A;
20c
-
Quarterly
Quarterly
U. S.
series
2nd
Nitrate Co. Ltd., ordinary
2
Corp.;. 80 Savannah River
vtc'., ($i par); 90 Savannah
-
9-10
i—
Specialities
Italian
5
par);
Corp.
30
and agricultural
loans
-
./
9-10
40c
(quar.)
,
+12,970
+
5,628
industrial,
7-29-42
130
—
9,479
Commercial,
50c lot
-shares; (new), common
Ajax Rubber Co., Inc.; 500 Michigan Electric Shares
j
50
9-15
u
Foil
•United States Pipe
10-
53c
Co.
(irregular)
Co;, class-A (resumed)
Class B (resumed) —;
%' 7% preferred (payment clears all arrears)
U. S. Playing Card
(quar.)_
U.
•
,
,
/
8- 6
50c
58Vic
$1 lot
$11 lot
par)-——-
par)
85
par);
Investors
A; 4 Lautaro
shilling
ena,
8-10"
9-15
8:16
9-15
8-16
58Vic
(monthly)
&
(1
i
($1
common
Guardian'
series;
class
9- 1
10- 1
9- 1
10- 1
9- 1
i$l
A
(monthly)—
preferred (monthly)
preferred (monthly)
6%
div.
(Del.)—
preferred
6%
par)," 90
9-10.
8-6
7-31
7-31.
}25c;
Corp.,
.
10-1
9-1
9- 1
9- 1
J75c
$3'/2
-
common
non-cumulative preferred
7%
$1%
(accum.)__
Growers, class B
•-United
50c
•
'■
8-10
7-15
8- 6
1
8-16
8-17
8-17
($10
7-21-43
46,482
Loans—total
Chicago, Milwaukee, St. Paul & Pacific Railroad Co., pfd. ($100
.
preferred
$7
•;
($5
common
common
7-28-43
42V2
,
Electric
.
Increase
Decrease (--) Sine©
Assets-
$ Per Share
Hill Corp., common
($10 par)_^.___—_
$3 lot
Engineering Co., Inc., common ($1 par)__$2,450 lot
Arizona Citrus Land Co, vtc.; 50 Associated Gas & '
Electric Co., class A. ($1 par); 102 Central States
63.
i
8-13
8-13-
1
9-
■
-
Co.,
Corp.,
dollars)
;
Chestnut
8-16.
1
9-
t38c
_____
•
Tile
&
Hill
of
Wed.
on
Combustion
7-10
'
9- .1
75c
Corps., Ltd., $1.50 class A (quar.)—
United Engineering & Foundry, common—
?
7%
preferred (quar.)
•United Fuel-Investments, Ltd.—
6% class A preference (quar.)
9-
$l'/4
1
»
-United
U.
The
7-31:
8-16
Brick
Chestnut
100
7-31
8-16
—
America, common.—:
preferred .(quar.) ••::__
Chemicals, $3 preferred (quar.) _;—
v5%
United
;
Atlantic.
The
200
9-10
11-1Q
8-10
25c
8-10
/•
(quar.)
Products—
convertible
•United
v-
of
Aircraft
$1 J/s
$1V4
_i
Boston,
STOCKS
40
v
Electric Co. of Missouri—
$4Va
Co.,
—
375
9-15
$1 Va
(In millions
&
^
Merchants National Bank, Newburyport ($20* par).
Security Agency, Inc., common; 60 Security Agency
Inc., preferred ($100 par)
8
2
25c
(quar.)
1
Day
:■/
60
8-21
8-30
.
b
/j '
L.
R.
By
.
Shares r
$1%
'-5 '/2 %
preferred (quar.)
Trinity Universal Insurance (Dallas)
.Quarterly
Tyer Rubber, 6% preferred (quar.L
*/$5
1
9-10
$lJ/2
—
common
{
..v
9-
Transacted
Aug. 4.
20c
__i
(quar.)
Coal,
12- 1
8-10
15c
Louis)
Ltd
common
Truax-Traer
Union
8-14
90c
$2'/a
40c
;
Extra
6%
>
8-11
541
reporting member banks, and of debits.to demand de¬
posit accounts, follows:
Auction Sales
of Reo.
1
9-
5c
Water
Title
Payable
,
10c
__
Holdert
When
•
& FINANCIAL CHRONICLE
r
deductible at the source. Non¬
7%.
a Less British income tax.
Noncontrolled
tax
♦Nominal rate.
-
.658300*
.528500*
,
.658300*
.658300*
.658300*
.658300*
.658300*
.528500*
.528500*
.528500*
.528500*
.528500*
Air-Way Electric Appliance Corp.
•
$121,330
45,861 •
J
;•
profit
$75,469
$79,239
-
157, p. 2208.
New York, N. Y.—V.
Alleghany Corp.—Bond
American Type Founders, Inc. (&
of
New
a
William
&
had appraised
acquisition of C. B. S.
plant will take care of
Allepheny-Ludlum's West Coast business,
it was stated, and
operate as the Los Angeles division of Allegheny-Ludlum.—V.
p.
2442.
;
will
157,
1, 1943, a total
bonds, due 1965, at 105 and interest.
Payment will be made at the Fidelity-Philadelphia Trust Co., successor
trustee, 135 South Broad St., Philadelphia, Pa.—V. 156, p. 395.
redemption as of Sept.
called for
been
have
American Water Works &
week
This company, It is
1942, and the loans mature Aug;
10, 1946.
Amalgamated Leather Cos., Inc.—Earnings—
July 3,'43 June 25,'42
6 Months Ended—
U.
S.
a
The
Inc.—Proposed New Routes—
applied
has
corporation
Civil
the
to
Aeronautics
X
-
for
Board
'permission to extend its routes from Syracuse, N. Y., to Ottawa, Can¬
ada.
A. N. Kemp, President, said present service between Washington
and Ottawa now involved a choice of two devious routes and that the
New American route would provide shorter and more adequate service.
•
Massena,
and
Watertown
via
link would
provide improved service between
Cincinnati,
Buffalo, Cleveland,
158, p. 452.
as
V.
for a route from Syracuse to Montreal
N. Y.
Mr. Kemp pointed out that this
corporation also applied
The
Nashville,
Montreal and such cities
Memphis and Dallas.—
American Car & Foundry Co.—$2 Common
Dividend—
dividend of $2 per share on the
stock, no par value, payable Oct. 4 to holders of record
Sept. 24, and the usual quarterly dividend of 13A% on the 7% noncumulative preferred
stock, par $100, payable Oct. 1 to holders of
record Sept. 24.
Distributions of $1 each were made on the common
stock on Feb.
26 and April 26, last.
The Feb. 26 dividend had
originally been declared for payment in 1941, but distribution was
delayed pending settlement of a suit.
The last quarterly dividend
of $1.75 per share on the preferred stock was paid on July 1, 1943.—
directors
The
on
Aug. 4 declared
March 12 and June 10, $1
$1.—V. 157, p. 1804.
during 1942 were as follows:
75
10,
and Dec.
cents,
Delaware—To Merge With Parent
(111.) below.—V. 158, p. 452.
& Co. of
Armour
each; Sept. 10,
Concern—See Armour & Co.
a
&
Armour
(111.)—Plans Merger With Delaware
Co.
Subsidiary—
A
meeting of stockholders has been called for August 31,
of voting upon a plan of merger of Armour Si Co.
subsidiary, Into the 'parent; company, and to consider
upon a proposal to place
an Illinois mortgage upon the
special
for
the
purpose
of Delaware,; a
vote
combined properties of the two companies, > or a supplemental mort¬
gage under the existing Armour & Co. of Delaware mortgage which
would be assumed in the merger.
The purpose of the mortgage would
be to refund the outstanding bonds and 5-year 3% notes of Armour
of Delaware.
& Co.
from
A letter
•which
President, details the steps by
back in direct pos¬
A. Eastwood,
George
parent company expects to put itself
the Delaware properties which were
the
of
Sept. 22," Mr. Eastwood explained, "the Illinois company will
the sole owner of all the outstanding and issued shares of Armour
"On
be
& Co. of Delaware, and as such will be in possession of all the prop¬
erties, Assets and earnings potentials and of course, the obligations,
,
company."
Delaware
the
of
no
profit after all charges and taxes
$301,208
•Earnings per common share
$1.12
•On 250,000 shares of common stock. —V. 157, p. 2208,
the Illinois company, the
is expected that if a new mortgage is
bonds lit exchange for the 3% notes of
Armour Si Co. of Delaware and to refund the bonds of Armour & Co.
of Delaware, it will be effected by the creation of an indenture of
mortgage, upon substantially all the real properties and plants and
the improvements, machinery, and equipment, thereon, and the appur¬
tenances thereto owned by the company, upon consummation of the
proposed merger of Armour & Co. of Delaware into the Illinois com-,
pany.
The first mortgage will, secure an issue of bonds of the company,
to be known as its nrst mortgage bonds, or by some other appropriate
title, to be issuable from time to time in series, without limit as to
•aggregate principal amount, for the purposes to be specified in the first
discussing the proposed mortgage on
In
tising agency.
Mr.
1943—3 Mos.—1942
$167,392
9Mos.
$1,016,997
Increase
$2.50
a
the
in
par
vote
P-
>$300
Works,
Philadelphia—Sub15% In First Half of 1943—
company
and its wholly owned subsidiaries awarded sub¬
contracts of approximately $65,000,000 on war orders in the first six
months of 1943, it is announced by Ralph Kelly, President.
This is an
increase of about 15% over 1942. The company's announcement says:
"A
total of
1,035
sub-contractors located In 28 States and the
District of Columbia shared in the Baldwin program of spreading the
work.
Pennsylvania was first with 29%, Illinois .second with 13%,
and New York third with 12%. Ohio firms received 9% of the orders,
Called—
for redemption as of Sept. 1, 1943, all of
mortgage serial and sinking fund bonds due
March 1, 1951, at 103 and interest.
Payment will be made at the
Tradesmens
National Bank & Trust Co., trustee,
1420 Walnut St.,
have
been
outstanding
called
first
Philadelphia, Pa.—V.
156, p. 158.
.
Propeller
Corp.,
Toledo,
O.—Output
At
Production
The
year
company's backlog of orders is now
ago,
half
ment
of
models
almost twice what it was a
1943
is
added.—V.
of the hollow steel type propeller blade
expected to
157,
p.
be substantially increased, the announce¬
214.
•>
of
Associated
Gas
&
year
."
July
ago.—V. 158,
Associated
on
'•
■
'
exhibition of model pre-fabricated houses
of Trenton, N. J. "The interest
shown by the public in the homes convinced us that after the war we
can
sell houses,"
Mr. Petree said.
What company or companies'
products will be sold has not been determined, he added.
"I
am
inclined to think," Mr. Petree said, "that we'll set up a
special department to sell them.
We believe they will be in considerable
demand and that they can be sold in stores as we would sell pianos."—
Recently the store had an
made
E.
the Homosote Homes, Inc.,
by
157,
2344.
p.
Barnsdall Oil
Dewey
Wm.
stated
Co.—Tax Refund on Dividends—
the board of directors, on Aug. 2
Loucks, Chairman of
*
"
J
■
■
p.
Gas
.,
Crane,
in the year 1940, provided claims
1944, by such stockholders claiming
paid
15,
stockholders
"The
stock that they held
were
in the year
refunded.
so
due
"That
in
this
final
of
course
decision
would be notified by letter
Department."—V. 158, p. 356.
all stockholders
of the Treasury
Beattie Gold Mines
,
(Quebec) Ltd.—Awards Contract
has awarded a contract for the sinking of a new shaft
a step which was hastened by the collapse
month ago of one of the main pillars in the open pit, resulting
filling and damaging of the old shaft and part of the under¬
The company
on
the
over
Output—
a
the
Conchester claims,
ground workings and
could
mine
Corp. report for the
the Associated Gas &
This is an increase of
of 121,015,900 units a
way,
a
be
causing the closing down of the mill until the
work toward which is now well under
dispatch states.—V. 157, p. 2444.
rehabilitated,
Toronto (Ont.)
*
Bigelow-Sanford Carpet Co., Inc.—New Director—
company on Aug. 4 announced the election of E. Kent Swift of
Whitinsville, Mass., to its board of directors.
He is President of the
Whitin Machine Works, manufacturers of textile machinery, and is
prominently identified with many branches of the textile industry.
Mr.
Swift fills the vacancy on the board caused by the death of
Corp.—Compromise Plan
former Chief Judge of the Court of
York, as special master, has
Appeals of
approved a plan for the compromise
filed on or before March
the refund of such taxes.
reduce the cost basis of the
1940 by the amount of such dividends
will be required to
The
Electric
Internal Revenue
Department,
481.
&
of investigation by the
the authorities at Washington had just agreed that all
dividends paid by this company for the year 1940 were technically
paid out of capital instead of out of earnings, and that the stock¬
holders owning stock and receiving dividends in the year 1940 were
entitled to a refund of all taxes paid by reason of such dividends
of 100%
Claims Approved-
Frederick
New
30
after the war ends,
by Neil Petree, Presi¬
field came about as
sell pre-fabricated houses
follows:
Electric
net electric output of
Electric group was 135,791,837 units (kwh.).
14,775,937 units or 12.2%
above production
it was stated.
manufactured
exclusively by American Propeller at Toledo are now in production,
Mr. Wise said,
compared to the single model being made when the
company opened its new plant in May, 1942.
Other types are under
development and the company's rate of production during the last
Three
trustees
ended
Enter Pre-Fabricated
Corp.—Plans to
,
corporation will
The
3
Aug.
according to present plans announced on Aug. 1
dent.
The decision to enter the home-selling
;
Associated Gas & Electric Co.—Weekly
The
on
Bros,
Barker
distribution systems in Kentucky, and to transfer to K-T Electric
base price of $261,653, subject to adjustments, electric distribu¬
and transmission system in Kentucky as well as. certain water
week
company
House Field—
in
aircraft propeller blades during the first six months
•¥>
reports that of the total of $4,210,000
principal amount of its refunding mortgage bonds 6% convertible
series due 1950, $3,745,000 principal amount had been presented for
conversion into common stock at the close of business Aug. 2, 1943,
the
final date for such conversion.
The balance of $465,000 face
amount of these bonds are being paid by the company from its current
funds at the redemption price of 105 and accrued interest to Aug. 2,
1943, the redemption date.—V. 158, p. 156.
Simplification—
properties.—V. 158, p. 156.
of
Foundries
Conversion of Bonds Expires—
at the
year
Iron
"That, after many months
,
report are Loco¬
Division, Baldwin Southwark Division, Cramp
Division, Standard Steel Works Division,
The Pelton Water Wheel Co., and The Whitcomb Locomotive Co.
Ordnance
and
and
Brass
-
by this corporation, a subsidiary of The Aviation Corp.,
was
nearly 2V2 times greater than in the last half of 1942, it was
announced on Aug. 6 by William F. Wise, Executive Vice-President.
this
subsidiaries included in the
divisions and
Baldwin
motive
part of the program Tri-City proposes to transfer to Owensboro,
at the base price of $294,563, subject to adjustments, certain natural
Record—
of
Jersey 5%."
that the present backlog of orders, 11% above
that of a year ago, would mean higher production schedules for the
last half of 1943 and
throughout 1944, and Indicated a substantial
increase in sub-contracting for that period.
As
tion
and New
stated
Kelly
Mr.
and Exchange Com¬
mission
on
applications of Associated Electric Co. and three of its
wholly-owned subsidiaries, Tri-City Utilities Co., Owensboro Gas Co.
and K-T Electric & Water Co. by which Associated ultimately will
divest itself of all of its utility interests in the State of Kentucky.
gas
American
Locomotive
6%
Michigan
approved an
the common stock from $1 a share to
in a transfer of $465,000 from earned surplus
356.
expanding
the regular promotion of
Baldwin
special meeting held on July 28,
Associated Electric Co.—Steps In
American Lime & Stone Co.—Bonds
There
Sales Manager and Director of the company, was
Vice-President. Messrs. Tappan and Williams revealed
This
Changed—
recent declaration of a stock dividend
launched
from the
Contracts Awarded Are Up
account.
follows the
change in the
well as to
its other brands of tobacco products.
The following men were recently elected to the board of directors
of the company: J. W. Tapp, and Charles H. Schimpff of San Fran¬
cisco, and James Cavagnaro, of New York, both executives of the
Transamerica
Corp. They
succeed E. D. Axton, W. L. Lyons and
Charles I. Dawson, who recently resigned.—V. 158, p. 356.
by the company, increasing outstanding shares from 155,000 to 310,000.
The payment date for this dividend will be announced soon.—V. 158,
157, p. 2208.
stated that there will be no
steps will be taken to broaden the increasingly
for "Fleetwood" and "Spud Imperial" cigarettes, as
carry on
value of
share, resulting
capital
2
Aug.
on
Williams,
C.
market
mortgage."—V. 157, p. 517.
stockholders at a
The
$3.83
1943—6 Mos.—1942
$1,715
Tapp
personnel of the company and that the company has already
a
program to purchase allowable allotment of leaf tobacco
1943 crop to enable Axton-Fisher to keep up top production.
initially subjected to the lien of the
substantially all the packing plants, dairy
poultry houses and milk condensery, by-product plants, cotton¬
seed oil plants, branch houses, tanneries, leather-producing and wool
preparing plants, fertilizer and storage properties of the combined
properties resulting from the proposed merger.
"There will also be pledged, under the mortgage, bonds of certain
subsidiary companies whose bonds are now subject to the lien of the
(The) Aro Equipment Corp.—Par Value
the War Food
elected President to succeed C. B. Robbins,
Executive Vice-President of a large, adver¬
has been
to become
resigned
who
Hearing has been set for Aug. 6 by the Securities
the
preferred stock,
Ky.—New Pres¬
Associate Administrator of
former
Tapp,
W.
Administration,
to be
properties
"Principal
Co., Louisville,
Axton Fisher Tobacco
and
The
profit after deprec.
$126,713
the $2.50 first
ident, Etc.
first mortgage will include
American Ice Co.—Earnings—
charges—
declared a dividend of $2.50 per share on account
the second preferred stock and a regular cemi-
value, both payable Aug. 16 to holders of record Aug. 7.
On
last, a payment of $2.50 per share on account of arrearages
made on the first preferred stock.—V. 157, p. 1265.
was
mortgage.
to
other
:.v;-
par
V.
3 Mos.
Net
•Net loss.—V.
on
of $1.25 per share on
dividend
The
proxy; statement says that "it
used for the purpose of issuing
Delaware
and
accumulations
annual
American Distilling Co.—Earnings—
Period Ended June 30,1943—
Period End. June 30—
directors have
The
of
to be held before the
Inc.—Accumulated Dividend— »
Atlanta Laundries,
divorced from the
in 1923.
firm
Illinois
V. 158, p. 355.
Net
v
*•
compromise plan are scheduled
Aug. 23.—V. 158, p. 481,
Hearings on the
SEC beginning
J.
declared a dividend of $1 per share on the
common stock, payable Sept. 1
to holders of -record Aug. 17.
Similar
distributions were made on March 11 and June 10, last.
Payments
common
;
compromise.
.
aggressive
have
directors
session
158, p. 452.
American Airlines,
"'
'
* ■
recently elected
partner of Beekman, Bogue, Stephens & Black, has
director to* succeed C. Alfred Capen, who is serving in
Army.—V.
for
to
preliminary
essential
an
AGECORP.
452.
p.
Anheuser-Busch, Inc.—$1 Distribution—
Donovan,
elected
been
158,
—V,
i
New Director—
the
$6,418
$211,426
profit after charges and taxes
Paul
years
and
working capital and other
corporate purposes.—V. 157, p. 1803.
Net
the conclusion of this recap litigation
the reorganization of AGECO and
'
'• '• '
The plan of reorganization for both companies, which was filed on
June 14, 1943, by the trustees with the SEC, gives effect to the plan
have stated that
trustees
The
v
is
Jesse
table of weekly output of electric energy for the last
follows:
Week End.—
1943
1942
1941
1940
1939 ;
July 10
75,264,000
68,709,000 62,960,000 52,596,000 46,361,000
July 17
79,760,000
70,478,000 64,970,000 52,700,000 45,100,000
July 24
80,103,000
70,877,000 65,545,000 54,682,000 47,019,000
July 31——
79,147,000
71,172,000 67,262,000 53,390,000 46,210,000
stated, has reported to the SEC that bank loans
total $40,000,000, an increase of $5,000,000 over the
previously reported.
This brings bank borrowings of the
company up to the full amount under the bank credit agreement drawn
up on Aug. 5, 1942.
This agreement, reached with 15 banks, is dated
Proceeds of the loans are being used for
other considerations.
1942.
of
Comparative
amount
10,
Electric Co., Inc.—Output—
Co.—Bank Loans—
outstanding now
Aug.
placing the
in
*
five
of first mortgage.3%%
Allis-Chalmers Manufacturing
$89,009
Co. and its other sub¬
broadly viewed, would
debenture holders of the two companies on the
same level.
This involves making compensatory adjustments on account
of new money advanced or interest sacrificed by the different classes
of the corporation security holders, and taking into account various
result
586,101
$0.38
Output of electric energy of the electric properties of this company
for the week ended July 31, 1943, totaled 79,147,000 kwh., an increase
of 11.24%
over the output of 71,172,300 kwh.
for the corresponding
The
Allentown-Bethlehem Gas Co.—Bonds Called—
There
of $33,000
f$157,000
568,101
568,096
—
$0.28
$0.16
♦After depreciation,
interest and provision for Federal income tax.
tAfter provision for Federal income and excess profits taxes of $493,4J0 in 1943 and $251,000 in 1942, and after a reserve for post-war
transition of $75,000 in 1943 and $150,000 in 1942.—V. 157, p. 2209.
coverage
Detwiler, Chairman, announced
Co., Los Angeles, Calif.
The
F.
t$2l5,074
profit
of capital stock
Earnings
per
share
Appraisals—
Forge
1941
1942
Shares
AIlegheny-Ludlum Steel Corp.—Acquisition—
Steel
Subs.)—Earnings—
1943
30—
•Net
of 140.15%, compared with a coverage
three months earlier, according to Marine Midland Trust
York, trustee.—V. 158, p. 154.
of $26,819,975,
128.7%
Hamrick.—V. 157, p. 1522.
sidiaries. *The
March' 8,
$19,137,000 5s of 1950 on Aug. 2
Collateral behind the
of
created
Corp. debt between A. G. & E.
proposed '.'recap compromise,"
& E.
G.
.of A.
Co.—New Comptroller
elected Comptroller to fill the vacancy
Corson has been
C.
3 Mos. End. June
the 5% bonds of 1949 had an appraised
value Aug. 2 of $31,341,717, equal to 144.7%
of the $21,661,000 par
value of bonds outstanding, according' to quarterly appraisal by Con¬
tinental Bank & Trust Co., trustee of the issue.
On May 1. the
previous appraisal date, collateral coverage of the issue was 151.2%.
Co.
the usual quarterly dividend of
during 1941,—V. 157, p. 1803.
1942, and in each quarter
by the death bf F. G.
Collateral pledged to secure
value
29 declared
July
American Smelting & Refining
liquidating value per $1,000 share¬
holders' debenture amounted to $602.17 on June 30, 1943, as compared
with a market price of $422.50.
This compares with liquidating value
on Dec.
31, 1942, of $444.33 and market price of $305.
As of June 30,
1942, the liquidating value was $395.04 and market price $230.
For
the six months ended June 30, 1943, there was a net operating loss
of $52,245
after all charges, including debenture interest paid and
accrued, but exclusive of net loss on sales of securities of $9,049.
This compares with a net operating loss for the first half of 1942 of
$49,628, exclusive of loss on securities sold of $17,882.—V. 154, p. 1373.
~
Standard Sanitary Corp.—Omits
announced that the
The Trust
Court Judge
who is in charge of the reorganization proceedings.
The compromise plan was proposed to settle the issues involved in the
reorganization litigation which began on Feb. 28, 1941.
This litigation
resulted from the questions raised as to the legality of the interposition
Aug.
Dec, 28,
E.
Electric Corp.
by U. S. District
plan was referred to Judge Crane
The
share on the preferred stock, payable Sept. 1 to holders of
25, but took no action on a dividend on the common
stock of no par value.
Distributions of 15 cents each were made on
the common stock on March 31 and June 30, last, on March 31 and
157, p. 2442.
holders' claims proposed by Stanley Clarke, trustee
Co., and Denis J. Driscoll and Willard L.
<Sz Electric
Gas
trustees of Associated Gas &
Thorp,
per
record
Trust—Liquidating Value—
Aldred Investment
•
Vincent L. Leibcll,
directors on
The
$1.75
Bonds—
of Sept. 1, 1943, out of
Redeem $49,000 of
There have been called for redemption as
unexpended bond retirement and property improvement fund moneys
a
total of $49,000 of first mortgage 4J/2%
bonds, due 1951, at 100
and
interest.
Payment will be made at the New York Trust Co.,
trustee, 100 Broadway,
;
various security
of Associated
Dividend On Common Shares—
,
Alabama Gas Co.—To
'
MISCELLANEOUS
-
of
West Utilities Co.—V. 158,
155.
p.
American Radiator &
Net
—V.
INSURANCE
■
Co.—Merger Plan Filed With
SEC—See Central & South
1942
1943
$132,783
53,544
charges but before taxes—__
for Federal taxes
Provision
American Public Service
(& Subs.)—Earns.—
after
INDUSTRIAL
PUBLIC UTILITY
-
6 Months Ended June 30—
Profit
: ; Monday, August 9, 1943
Corporation and Investment News
General
RAILROAD
t. -.
FINANCIAL CHRONICLE
THE COMMERCIAL &
542
.
Sewall
H.
Fessenden.—V.
157, p. 2444.
:
Volume 158
Number
X Birmingham
Electric
THE COMMERCIAL
4201
In
Co.—Earnings-
advised
are
Period End. June 30—
Operating
Operating
Federal
Other
622,286
64,033
retire,
803,581
•67,833
Amort,
of
50,000
706,998
309
res. approp.
309
shown
'■
that
756,934
600,000
period,
58.95%.
Net
oper.
Other
$172,761
612
(net)
in
the
in
31,
operations,
1943
1943,
in
air
net
$358,948
as
traffic
income
after
stockholders
generally.
of
flown
miles
covering
available
seats occupied 89.56%
against
808,778,854 against 404,063,964;
flown were 245,796,643 against 150,426,165.'
operates an air transportation service between
Canal
Zone
for
the
"As
and
personnel;
the
and radio operators;
Gross income
—™—
$174,034
$127,461
$2,042,784
$1,589,755
mtge. bonds__
42,000
45,750
530,250
549,000
Other interest & deduct.
6,578
4,450
63,462
56,236
$125,456
$77,261
$1,449,072
$984,519
on
July
on
19,
1943,
stockholders
income
Net
-V.
for
427*406
$555,345
period
.
158,
429,174
$1,021,666
stocks
pfd.
Balance
is
5%
at
Bishop Oil Co.—Earnings—
:
Period End. June 30—
Gross
♦Net
income
$245,877
$143,609
$455,309
_■/34,069
profit
♦After
8,791
51,017
that
Sept. 1,
1943
102%
and
9 Mos. Ended June 30—
sales
1943 a-:
1942
■
140 Broadway,
liabilities of
current
$1,181,281,
Total
1941
current
Blue Diamond Corp,—lO-Cent
the
on
$2
record
on
of
value
par
Aug.
Aug.
5.
15
A
and
capital
like
Dec.
earnings.—V.
^'■
July 27 declared
amount
20,
156,
stock,
was
The
1941.
2033.
p.
payable Aug. 15
disbursed on Dec.
dividend
current
is
-Net
:
cash,
This
<"
of
-
$171,327
22,180
$122,358
123,257
'
Due
$1,448
*$899
/
for
Due
elevators
of
with
beans.—V.
storage
a
157,
capacity
1646.
p.
of
approximately
500,000
the
on
Aug.
Like
13.
this year.
$6,184
/r
amounts
and
interest
$368,667
.
$242,138
22,900
cost
at
reports
company
*V'V;'
1
.*
;
for
securities
sold.
for
Period End. June 30—
5,153,470
expenses
Provision
for
deprec.„_
light oil plant
gas plant ac¬
quisition
adjustments
General
Fed.
880,600
.
$63,149
7,654
12,106
9,595
Co.—Interim
inc.
tax,
Net
profit
Provision
3,546
Net
1,220,535
4,227,242
1943—12 Mos,
profit
1,587,215
with
nection
The
to
1,761.707
680,000
838,100
3,507,517
Okla.
has recently
Aeronautics
its service
Board
from
Amarillo, Texas,
which
has
$4,075,550
/
authorized
the
via
Denver,
Further
inter.
&
of
domestic
routes
is
service
and
15,909
$2,274,523
$4,091,459
$4,095,146
1,230,000
1,244,439
2,463,255
a
98,986
100,388
194,908
$1,061,913
-
$929,696
$1,433,297
$1.42
$1.25
$1.92
share
per
7
745,364 shares
on
issued
and
outstanding.—V.
now
Braniff
routes to
is
and
serves
interested in
plans
to
to
America and across the Atlantic Ocean
Other
per
to
$1.88
.
157,
holders
of
the
400,000 shares
Co., New York,
now
as
contemplates
follows:
1.
For
purchase
ments
on
common
Profit
2037.
p.
Common
>
capital,
the
of
1
communication
equipment
on
authorized
but
unissued
shares
will
be
held
ferred
present
for
&
of
the
additional
400,000
shares
is
expected
to
p.
toward the end of August.
'.'V'^'7-v
Listing of Braniff Airways on the New York Stock Exchange is now
process.
Heretofore, the company's shares have been traded in the
/'over-the-counter"- market.
*
'
~v "I
71
.
cash
is
the
intention
dividend
of
the
.
company
basis, with extra
.
to
put
the
stock
on
payments when Justifiable.'*
a
for
notes
war
1942
158,
1941
$511,762
$0.28
taxes.
$0.27
/On
1,122,-
288.
p.
1943—3 Mos.—1942
chgs.
1943—12 Mos.—1942
v:
*$272,600
sh-
$0.66
$461,975 *$1,050,458
$1.37
$1,650,207
$2.48
$4.74
;
tax credit.—V. 158, p. 83.
1943
—
1942
$3,204,092
$2,939,313
1,257,251
engineering
chargeable
expenses
(Cr)
1,173,578
to
depreciation—
44,211
121,461
252,376
..
:
—
for
37,744
v
.
>
.
.
:
:
—
.
330,441
—■
/
100,246
250,331
316,859'
•
Gross
corporate
on
on
Loss
323,304
512,000
$411,341
interest
V.
S.
Sheet, June
Govt,
sees.,
unearned
interest
$1,624,515),
included
$4,989,939;
in
$0.92
464,819
3,163
1,368
938
*
discount
62
•
and
Cr9l6
_
Crl,432
'•
34,537
expense
35.256
23,270
face
amount
of
income
preferred
3,000
-
tax
216,338
stock
135,428
$562,173
.
—;
—-
$489,193
208,502
v
208,501
Balance Sheet, June 30, 1943
i
less
and
$213,522; materials and supplies, less reserve,
accounts, $24,643;
debt discount and expense in
reserve,
prepaid
of
process
amortization,
$53,523;
suspense,
on repos¬
reimbursable
Federal
-
on
$148,716;
notes
deductions
Redding loss had not been sustained, the provision for the 12
1942, would have been estimated at $186,518.
ceivable,
$508,990;
miscellaneous
deferred
charges
and
total, $19,701,603.
Liabilities—Long-term debt (first mortgage 4%
bonds, series Rl,
$11,882,000; accounts payable, $91,398; accrued interest, taxes, divi¬
trade
under
dends,
contr.
patents, goodwill, etc.,
475,280
;
;
Assets—Plant, property, rights, franchises, etc, (less reserves.for de¬
preciation and amortization of $3,497,853), $18,012,087; miscellaneous
investments and
special deposits,■■ $13,144: cash and working funds,
$526,977; investment in Government securities, $200,000; accounts re¬
66,703
$1,855,000;
for
'
,
,
30, 1943
costs
debt
income
Income
♦If the
222,377
(Jess reserves for doubtful balances, loss
of
mortgage bondsinstalment note-
months ended June 30,
$476,593.
66,703
222,452
$0.78
——
$1,151,064
disposal of Redding property
on
Dividends
$988,593
376,000
profits taxes
8,554
$1,291,412
income
first
of
$1,142,510
11,106
...
during construction
♦Provision
$665,288
$787,341
excess
$1,280,306
2,446,857
137,354
j.
—
—
Miscellaneous
etc.,
tive
preferred
$25),
30,
$1; total, $20,448,691,
$327,979;
$17,223;
reserves,
($25
capital
$2,914,200;
1939,
deferred
liabilities,
$311,687;
6 Mos. End. June
Profit
before
♦After
Hon.
able
market
share
30—»/,■ >/
investment
Arthur
'
1943
1942
of $8,328
1941
$227,055
$205,539
and expenses of $14,016.
states that the value of market¬
while other securities for which no
President,
$8,758,614.
were
-
-
186.
p.
Ltd.—Earnings—
*$253,435
reserve
was
available
liquidating
net
1942
:
tax
Meighen,
quotations
basis,
at end of
miseebon®^iS
for extensions, $357,187; 6% cumula¬
par), $3.475.f>00; common st.on.k (oar
surplus, $70,499; earned surplus since April
total, $19,701,063.—V. 158,
income
securities
$524,429:
contributions
stock
Canadian General Investments,
treasury (5,045 shares), Dr$49,286; total, $20,448,691—V. 157,
and $11.24
were
value
on
was
June 30,
valued
at
$43,145.
On
$14.69, compared with
1942.—V. 158, p. 83.
a
per
$12.50
<
1805.
(Edward G.)
Declares
-
regular
'"■:/\
Canadian Pacific
Budd
says:
"Your
...
Mfg.
Co.—Exchange of Stock—•
,>
to holders of 7%
-
'/
the company's new $5
prior preferred shares may now be exercised.
According
the amended articles of
incorporation adopted by the shareholders
July 16, 1943, all holders of 7% cumulative
preferred stock, series
/Working
expenses
Net
to
10 Days
of 1923 and
1925,
are
entitled to the privilege of exchanging their stock
——
$
—i
24,698,217
20,276,780
1943—6 Mos.—1942
' 5
$
$
21,244,666 136,231,531 121,033,092
17,070,301 115,028,369 99,085,009
'
cumulative
on
1943—Month—1942
$
earnings
Gross
cumulative preferred stock
privilege of exchanging this, stock for
Ry.—Earnings-
period End. June 30—
Initial Dividend In New Preferred Shares—
The company in a notice
be
in
It
com¬
later
made
-
stock.—V.
income
Interest
loans due
within tne year,
$2,000,000; accounts
$296,508; customers' deposits and credit balances, $114,181;
salaries, wages and commissions, $155,046; dividend on pre¬
stock, $33,351; accrued State, local and miscellaneous Federal
stock in
the
offering
$0.41
taxes—
com.
Miscellaneous
taxes,- $235,486; accrued Federal income and excess profits taxes,
$886,943; long-term bank loans, 2Vo%i $1,000,000; $5 cumulative pre¬
ferred stock, $2,668,100;
common
stock, $4,500,000; capital surplus,
$4,032,590; earned surplus since Dec. 31, 1932, $4,575,773; common
company's requirements may make advisable.
The company is to receive from the proposed stock issue, the market
price of shares at the time of issue, less underwriting commission.
Public
•
accrued
mainline
500,000
as
of
$521,832
but before Federal
Net earnings from operation
Other
payable,
t
The
;
Liabilities—Bank
fhe Army; for the
equipment necessary to meet traffic require¬
the present and proposed domestic mainline routes and for
and
$662,284
interest,
General taxes
$8,188,387
3,112,145
$649,986
__
$4,906,566;
receivable
and
$2,400,255;
of equipment requisitioned by
ground
'
$0.25
shares
1942
—
Provision
$353,141; inventories, $3,886,414; net cur. assets in
Canada, Brazil, Mexico and Argentina (includes $1,186,099 restricted
as to withdrawal under
present exchange regulations), $1,584,622; pre¬
paid expenses, $120,376; other deferred charges, $79,012; land, $273,365;
buildings,
machinery and equipment
and
improyeinents
to
leased
premises (less reserves for depreciation and amortization of
$1,636,186),
additional
of
1943
12 Mos. Ended June 30—
Operating revenues
General
Subs.)—Semi-
dividends
instalment
with
'
518,460
promptly
1,648,014
expenses
operations
Assets—Cash,
sessions
be altered in some respects the company
expenditures of approximately $5,000,000
-
of
begin
2,298,000
sales-.7:i--i-i-.-,-.----i7._™_-.^™
Consolidated Balance
50%
sale
$149,977
$0.21
fOn
share
common
per
Amortization
dividends
international
for
will
(&
for the period
Islands; to South
routes, $2,000,000.
2. For
purchase of equipment incident to operation of proposed
trade-area feeder system, $1,000,000.
./V,'*/''
;v;
3. For purchase of equipment required for the initiation of
opera¬
tions on the proposed foreign routes, $2,000,000.
issue
Co.
(net)
from
Preferred
Europe. Applications covering
in
32,000
-
Maintenance
Vice-President
agreed,
shares
*1943
profit
Net profit
N. Y., subject to approval of the stock¬
the increase
stock
may
possible
replacement
modernization
domestic
of
company
of
While present plans
1942
$181,977
——
after
Operation
Approved—
$7,370,929
income
fixed fee
Eberstadt &
Ltd.,
*423,500
/
contingencies.
186,
common
Federal
Interest
Prov. for Fed. income &
in
are
House,
and
California Water Service Co.—Earnings—
199,228.
.
$1,403,079
Statement—
Operating
contemplated.
domestic service,
1941,
1943
taxes
^Includes post-war excess profits
Net
accounts
/,
have
the new
Selling, general and administrative
process of preparation.
Stockholders at the speciar meeting will be asked to authorize an
Increase in the common stock from 400,000
to
1,500,000 shares,
F.
of
sales
par $2.50.f It is proposed to use 200,000 of the new shares as a
stock dividend.
The
company
has entered into an agreement
"■
dividends,
Delivery
Earnings per common share™„™™_
the Caribbean
in
Bush
$552,921
taxes
—
income
and
admission for listing by the New York Curb Exchange, Mr. Brown
Gross profit on
and
serve.
adding to its
the Panama Canal Zone;
these routes
'
accumulated
stated.
6 Months Ended June 30—
company
Pueblo
-share
Brown
Annual
practical time. For several years the company has been studying the
possibility of establishing such feeder lines to serve the principal trade
it
of
2211.
share
158, p.
depreciation,
Interest
course of preparation and will be filed shortly.
management plans an intensive program for the development
comprehensive system of trade-area feeder lines at the earliest
centers
earnings
157, p.
2,492,839
,
.
Brunswick-Balke-Collender
In the
of
include
(A. M.) Byers Co. (& Subs.)—Earnings—
>
Drl8
said.—V. 158, p. 185.
The company has pending before the Civil Aeronautics Board, applica¬
tions for various extensions of its service and other applications are
The
not
miscell.
income
per
L.
upon
and from San Antonio to Laredo, Texas, and opera¬
routes is expected to begin promptly.
extension
$23,010
in 1942, $61,707
purchase of company's bonds.
'
Net
to
1940
$69,985
Bros.—Earnings—
shares of
Net
$4,095,163
Dr8,630
Brown Format! Distillers Corp.—Plan
called
been
1941
$163,850
for
profit
•After
998,800
$2,283,153
Springs,
these
of
of stockholders
1942
$249,826
income
;
/Earnings
1,442,422
1,148,100
.
$2,390,898
long term debt
♦Based
of
Oklahoma City,
wholly owned subsidiary)
-
Net
,
185.
special meeting
at
Civil
extend
Colorado
tion
a
19
Aug.
.
20,345
1,785,089
taxes
deductions
Net
this corporation, making it advisable for the
company
to augment its resources by adding to its capital, are out¬
lined by T. E. Braniff, President, in a letter to stockholders in con¬
for
;
•
sales
303
income
on
Other
.
Braniff Airways Corp.—Plans Expansion—To Increase
Capitalization—Proposed New Financing—
•
be
either
$57,750,895 $52,566,722 $41,459,134
,2,662,284
2,246,832
771,762
Federal income
taxes™
1,750,000
1,525,000
260,000
Reserve for general contingencies—
250,000
200,000
of
I
plans
to
to
,
Co.—Earnings—
6 Months Ended June 30—
.
102,587
$27
Expansion
mail
York,
1943,
on
do
common
stock.—V.
Earnings
Gross
Inter,
W,
.
registered
New
Co.—Earnings—
provision
Butler
•
1 620,081
104,133
51,406
40
158, p.
of
—
per
♦Includes
The recapitalization plan was approved by stockholders at a special
meeting held on July 27 and declared effective by the directors July 31.
Holders
of more than 85%
of the old preferred stock, which had
each.—V.
by
City
$364,888
Federal
for Federal
/Earnings
1942
dividend of 50 cents
per share on the capital stock, par $5, payable Sept. 1 to holders of
record Aug.
16.
A similar distribution was made on June 1, last,
compared with 40 cents on March 1, 1943.
Payments in 1942 were as
follows:
March 2, 60 cents; June 1, 50 cents, and Sept. 1 and Dec. 1,
cents
mailed
$129,421
before
♦Profit
$2,381,656
;V
9,242
interim
an
shares
1943
Period End. June 30—
Dividend—
declared
4
Aug.
on
;7'
etc.___
figures
construction
directors
of
6,732
834,131.
52,411
taxes
income
♦Earnings
Bristol-Myers
the
Bush Terminal
$5,529,763
$52,464
$13,527,531 $13,094,623 $25,381,661 $24, 807,877
6,809,436
6,667,166
13,264,032
12, 903,609
780,238
817,061
1,695,114
1, 624,869
Maintenance
its
compared
preceding week output was 33,018,000 kwh., an increase
over the corresponding week last year.—V. 158, p. 481.
-
The
Bank
wholly owned subsidiary.—V.
a
9,855
1943—6 Mos.—1942
revenues
Operating
for
the
15.1%
of
stock
only.
Operating
territory for the week ended July 31, 1943, as 33,737,000 as
29,734,000 for the week ended Aug. 1, 1942, an increase of 13.5%.
For
basis
preferred
deprec.,'
Note—Above
/
Brooklyn Union Gas Co.—Earnings—
With
,
tax
;
Quarter Ended June 30—
...v
....
the
as
cumulative
or
•Includes $26,335
in
$118,227 in 1940, profit
63,149
/50.000
1
Net
bushels
kilowatt-hours. available
of
number
same
7%
delivered
National
after
Fed,
.
21,006
-
52,464
125,003
:
'
The
be
the
of
(Excluding Bush House, Ltd.,
♦Prof,
•
•
Boston Edison Co.—Output. Up 13.5%.
•
be
,V
6 Mos. End. June 30—
1942
receivable
U. S. Gov't securities
■
...
the old
•'
;/://./
Amort, of
.
will
shares
Bush Terminal Buildings
$5,334,050
$5,529,763
-(Investments, based on market quotations as at
June 30, 1942, amounted to
$4,013,421, or $1,190,049 less than cost.—
V. 157, p. 2211.
;t -
dividend of 50 cents per share
Aug. 25 to holders of record
disbursed on Feb. 25 and May 25, of
1939.
;
'.
were
rate
of $10
annually on each
stock, the advantage of immediate
356.
p.
$1,706
1943
♦Interest
payable
$25,
par
See also V. 157, p.
*
Vy!
"•"
••
stock,
for
should
Chase
mon
July 30 declared-a
on
capital
equivalent
The Chase National Bank of the
City of New York has been appointed
agent for the $5 cumulative prior preferred stock.—V.
158.
v
Sheet, June 30
4,053,621
(The) Boss Mfg. Co.«--50-Cent Distribution—
The directors
•
at
any
necessary
supporting documents, two $5 cumulative prior preferred
shares immediately will be issued in
exchange for each share of 7%
cumulative preferred stock thus surrendered."
-
Amort, of
;
is
future.
125,467
1,207,170
business, Borden's takes over a processing plant
feet of floor space, a power plant, and concrete
square
divi¬
share
per
Manufacturing Co., 2450 Hunting Park Ave., Philadelphia 29, Pa.
"Upon receipt of such certificates with letter, of transmittal and
'
.
feeds,
60,000
v
$127,173
138,476
'
payable
capital stock repur. for retirement
for expenses, taxes, etc.
securities purchased
Reserve
of
vitamin-fortified
supplements for poultry and
according to Mr. Montague.
Its operations will be
general direction of C. F. Kieser, Vice-President of the
Borden Company in charge of the Special Products Division.
I
Established in 1936, the Soy Bean Processing Co. serves as a dally
cash market for soy bean growers in Northeastern Iowa and produces
soy products for human and animal consumption.
with
1940
$5,334,050
the
this
i
Liabilities—
manufacture,
acquiring
of
dividend declared
11 Broad St.,
New York. N. Y., or Girard Trust
Co., Broad and Chestnut Sts., Phila¬
delphia, Pa., agents of the company for this purpose.
They should be
accompanied by
a
letter of transmittal, forms for which may be
obtained from either of these
agents or by writing to Edward G. Budd
32,002
$144,660
;
Dividends
-
In
exchanged
$159,175
•„
'
»
...
animal
The
contemplated that $1.25
cumulative preferred
"Certificates
$159", 175
$171,327
4,755,162
continuing under the management of its President, C. E.
Butler, became an operating division of the Borden Company..
The Iowa operation is acquired to
augment Borden's facilities for
the
Only shares of
accumulation
All accumulations of dividend
rights on
be extinguished at time of
exchange.
will
The
26,667
business,
under
is
no
out
property, good will and other assets of the Soy Bean
Co. of Waterloo, Iowa, T. G. Montague, President, an¬
July 30.
The transfer became effective July 31 when the
on
the
the
subsequent disposition
exchanged..
2119.
•
$144,538
101,817
:
Receivable
and
the
nounced
p.
1941
t;
™___™^...i™^_™™_^_™_™_:i™_—_
Invest, in
Negotiations have been completed lor the acquisition by this Com¬
pany
1942
$103,265
;
Dividends
-v,->C&i;1•f.u-y*'''i-
-
will
Corp.—Quarterly Report—
Balance
Cash
share
holders of
-
■ •
Co.
Six Months Ended June 30
Assets—
per
V 0
'
V41£''
Processing
144,
27,514
|_
♦Deficit.
and
1942,
in
is issued.
U
21.
exchange by Aug. 21 will be
be
has obtained from the U. S.
Treasury Department its
ruling that no gain or loss to the shareholders will be
recognized upon
the exchange, and that the tax
basis of shares acquired in the ex¬
change for the purpose of determining gain or loss at the
time of
$4,885
X
Inc.. for period™.
Surplus
t
payable
Borden Co.—Acquires Soy Bean Concern—
:
Y.—V.
Special deposits for diYidends^_--i.-™.^-™™-
to
15,
it
of Aug.
as
in
will
.
expenses
Dividends paid
Distribution—
dividend of 10 cents
a
N.
139,652
.
1942.—V. 157, p: 2211.
$2,620,246 on June 30,
Gas
$130,779
incomes-
record
issued
there
and
is
two
transfer
384,704
$3.20
$7,287,039
of
assets
&
$5,358
General
'
The directors on
Electric
125,420
income
-
of
York,
until
quarterly
dividend
of
been
and
annually
of
"The company
Carolina
1943
1,233,062
depreciation, Federal and foreign income taxes, etc.
Current
assets
as
of
June
30,
1943,
including
$1,231,008
amounted to $8,543,577 and current liabilities were $3,724,312.
cash
New
Intetrest
$8,476,394
...
with
South
stock
new
paid
have
dividend
$5
this
stock
of
meeting
of
period
a
on each $5 cumulative prior preferred share
or
before Aug. 21, 1943.
The dividend is
on
exchange is apparent.
of the outstanding first and ref. mortgage
due Sept. 1, 1954 of Broad River Power Co.
Payment will be made at the Guaranty Trust
Income Account,
•After
compares
the
Broad Street Investing
.15,729
-
-
$14,351,109 $11,115,565
887,837
995,616
Shs. of cap. stock outstdg. (no par)
389,263
389,263
Earnings per. share
i™$2.28
$2.55,
—
profit
special
be
which
this
the
on
issued
share of the 7%
158, p. 356.
Subs.)—Earnings—
-
-„1
the
all
interest.
trustee,
Dividend
•Net
at
vote
$288,067
'
-
all charges, including depletion, depreciation, cost
of abandoned well and leaseholds, and estimated Federal income taxes,
i—V. 157, p. 1805.
Net
to
bonds, series A,
deducting
Black & Decker Mfg. Co. (&
entitled
19.—V.
announced
on
gold
Co.,
1943—6 Mos.—1942
1943—3 Mos.—1942
Aug.
be
Broad River Power Co.—Bonds Called—
It
redeem
185.
p.
on
will
to
rate
will
and
Inter,
stock
new
declared
be
Sept. 1 to holders
on
entitled
the
dends
mechanice
1
shall
payable
transportation of military
does post-graduate training of army pilots,
repairs and maintains military aircraft
mail
cargo,
7,523
Jlas
which
were
.
company now
Antonio and the
$5 cumulative prior preferred
new
cumulative
corresponding five months of 1942.
In
miles flown were 23,753,213 against
miles
appertaining to it, for
in the ratio of two shares of
the new stock for one of the
old
"The new $5 cumulative
prior preferred shares rank senior to the
7%
preferred stock with respect to dividends
and distributions
in
liquidation.
A
dividend of 83 Va
cents,
income
passenger
of
all rights
shares
is
Braniff
estimated
543
with
performs special transport missions for the Army.
Stockholders will be asked to approve an increase in the number
of directors of the
company from five to nine.
Stockholders of record
$1,582,232
$2,030,825
11,959
$126,849
1,273
revenues-
income
pound
May
report
cent,
per
current
increase
ending
revenue
with
The
San
company's
unaudited
Mail pound
Express
3,707'
3,707
months
an
22,716,303,
limited-term
investments
the
of the substantial
five
in
with
taxes, against $99,326
691,288
640,065
64,248
,
the
For
$9,527,792
5,893,631
6,795,522
525,516
63,261
67,637
,
taxes
Prop,
$830,955 $10,980,698
$994,087
expenses
taxes
1943—12 Mos.—1942
1943—Month—1942
revenues
connection
& FINANCIAL CHRONICLE
earnings
-Traffic
V
——-
Ended July 31—
earnings
15R
n
482.
-
__——
4,421,437
-
4,174,365
21,203,162
21,948,085
1943
;
—
1942
$8,750,000
$7,259,000
End.
30—
June
1943
v.,;" '
1941
1942
u
■
68,836
$312,470
3,785
4,252
3,567
$368,215
$308,903
221,310
194,084
7,716
9,002
7,382
14,250
charges
Operating
95,064
$372,467
26,650
22,500
-
(gross)
production
Marketing
80,998
230,836
milled—:
ore
Metal
$326,703
$322,918
Tons
-pi,——
costs
office
Expense—Toronto
for
Provision
taxes—
i
'
the above figures no
Note—In
ciation.—V.
157,
Income Account for
Six -Months Ended June
Dividends
income
Total
J
Interest
4
...
_
-
Net.
dividends
Preferred
—
Surplus
$80,158
65,100
1942
—-----
Investment „at cost
385,084
securities
—
Securities'called for redemption—
in U. S. Gov't
Investment
Receivable for
-l——-
securities purchased-
Due for
Bank loans '
1
preferred .-stock
stock (one cent par)—
3,017,307
income tax on unrealized appreciation of in¬
tRapi'esent6d by 143,405 shares of $1 par. V. 157, p. 1524.
$154,000 for Federal
'
1947, have been called for redemption as of
and interest.
Payment will be made at the
101
Trust Co.,
165 Broadway, New York, N. Y.
warrants appurtenant to said debentures,
trustee,
successor
stock purchase
The
if not
void on and after Aug. 31. 1943,
Bank & Trust Co. has been appointed trustee for an
$3,000,000 12-year 3%% debentures.—V. 158, p. 482.
•
of
the close of business
said debentures.
Said
to
with
on
be wholly
The
Chemical
of
Central of Georgia Ry.—Trustee Notes—
authorized the issuance-of 10 promissory nptes
exceeding $1,368,947 in evidence of, but not
The ICC on July 26
in
of not
amount
total
a
principal on certain equipment contracts.
;
4» payment of, the unpaid
—V. 158, p.' 482. :
.
$22.25
1943,
share)
per
holder
the
company announces that coupons due Sept. lr 1943, on its
35-year European loan bonds, payable in foreign moneys and
guaranteed by Southern Pacific Co., will be paid in pounds sterling
if presented in England according to their tenor.
Al^o, subject to
termination
without notice, the company will pay coupons of this
office
the
at
of
if presented on or
Y.,
its Treasurer, 165 Broadway, New York,
after September 1 in an amount of dollars
rate of exchange
equal to value of the coupons in sterling computed at
effective
coupon.—V.
presentation,
of
date
on
Illinois,
Republic
•
15
cents
per
Co,—New Director—
Central & South West Utilities Co.—Merger
Plan Filed
Central
West
South
&
Utilities
and
Co.
American
Service
Public
of Middle West Corp., filed Aug. 2 an amended plan
the SEC.
The amended plan follows action of U. S.
Appeals for the District of Columbia on June 7, 1943, in
Co., subsidiaries
merger
Court
of
with
that corporate existence of
either Central & South West Utilities or American Public Service be
terminated and that the present capitalization of Central and Amer¬
ican be changed to a capitalization consisting of one class of stock,
namely, common stock.
.
,
i
'
:
The Commission in its order of June 4, 1942, dismissed applications
then pending by the two companies for approval of a proposed plan
of
consolidation
of Central
and American
which
provided for the
the order of
affirming
issue
by
ferred
the SEC
consolidated
the
and
in
common,
requiring
corporation
exchange
for
classes of stock, pre¬
stocks of Central and
of two
existing
American.
,
Commission
Columbia
1
the
court.
,
,
also
taken
has
v
'■
The
and
plan
Central
American
and
Central,
into
authorized
and
capital
a
and
agreement
merger
into
under
of" Plan
Outline
the
shares
237,503
arrears
issued
stock of
capital
of
their. shares,
on
at par
the
Merger
request
stockholders
effective;
dividend
the
prior
—
To
952
Of
West
..
effectuate
shares,
these
Corp.
provide
for
:
,
par
American
1,506,899
57,112,108
44,786,027
37,343,258
38, 360,011
17,878,198
12,703,521
6,832,419
22 118,021
12,619,597
7,692,202
1,545,117
'
Suhderland, Henry C. Brunie and Norris Henrotin have been
to fill vacancies on the
158, p.
board.—V.
386--ll-lllIllllll,'
from
from
Net
ry.
377,360
219,362
12,730,661
10.725,615
2,114,871
1,731,252
813,011
8,022,935
818.183
*519,352
8,984,542
3,457,166
2,299,142
426,162
$1,916,129
601,494
432,707
railway..
income
oper.
$1,390,559
105,235
*108,063
$1,658,480
371,404
144,361
$2,129,008
railway..
1940
1941
1942
1943
JuneGross
From Jan. 1—
from
Gross
Net
from
Net
ry.
railway
railway..
income
oper.
158, p. 84.
the
entire
Putnam, President, has announced that the company has
the Civil Aeronautics Board for authority to establish
service from Houston, Texas to Mexico City, Mexico, via
Mexico.
The extension of the service to the capital of
applied
to
foreign
air
Tampico,
Mexico
establish
would
the
direct
most
and
route
the
possible
fastest
Mid-South, North
great circle course between Chicago aixd Mexico City
lies directly through St. Louis, Shreveport, Houston and Tampico.
In support of his company's application,
Mr. Putnam stated thap
the mileage between New York and Mexico
would be reduced sub¬
stantially, and would link Toronto and Montreal with Latin America.
The
company
proposes
to
use
21-passenger
Douglas planes to
start the
service.
However, it was said by Bruce E. Braun, VicePresident
in charge of operations of the line, that four-motor 30*
passenger
transports would replace the present equipment
as soon
as the ships could be built.
.
,
,.
1
The company already has applications on file to extend its service
from Memphis, Tenn., to Detroit, Mich., via Paducan, Ky,; Evansville,
Indianapolis, Anderson-Muncie and Fort Wayne, Ind.; and Toledo,
Ohio, and from St. Louis, Mo., to Detroit, Mich., via Terre Haute,
Indianapolis, Anderson-Muncie and Fort Wayne,
Ind.; and Toledo,
between
service
and
shares
237,503
Carleton
;
cor¬
merged
the
Southern Air Lines, Inc.—Domestic and
Chicago &
Foreign -Applications Total 21,418 Miles— !
Mexico
and
cities
principal
of
the
The
East.
.
and
that
American
value as
discounted
the
of Dec.
Ohio.
into eastern
service
1943,
applications
pending
other
Among
merger
31,
the
merger
the
merged
per
been
said date oh
on
states
is
for
one
which would
service from
of the merged corporation and scrip for fractional shares.
As
practicable after the expiration of such three-year; period the
represented by unchanged scrip shall be sold and the net
as
extend
the lines'
to
Memphis, Tenn.,
158, 'p.
''
385.
*
directors
The
declared
have
f...'
stock,-
common
of
•
will
issue
use
value
L.
Wallace, President,
tiation agreement for the
consummated
of
the
in
excess
to
stockholders
ended
to
Spain via Tampa
Orleans
to
Port
of
Spain via Havana__—___—2298 miles
—V.
157,
:
share
Federal
on
as
year
to
compared
the
a
year
at
capacity and is
of; present • schedules.
of approximately
The
ended Sept. 30, 1942.
volume of business
l^month
$37,000,000.
maximum
basis
'
,
.
v
•
Court
Rickaby,
that
of remaining
Hearing Postponed—
counsel
for
negotiations for
1943 debt
are
a
the company, stated July 26 in
"bank loan with which to take
about 99%' completed."
a
volume
The
to
expected
for
plant
continue
has asked permission of the Securities and Exchange
a portion of its available
funds for debt reduc¬
annual fixed charges by purchasing in the open
market not in excess of $1,000,000 of its 5V2 % debentures.
Hearing
on the proposal has been
set for Aug. 18 before the SEC.
The company gave its cash position as of July 18, 1943, as $5,000,000.
On that date it had a total of $46,000,000 5Vn% debentures outstand¬
is now
do
,,
.
«■
The company
Commission
tion
renego^
and
to
to
utilize
reduce its
due 1949 and 1952, of which $42,500,000 were held by others and
parent company.
.
< • >
,
ing,
•its
For the nine
approximated
the preceding
to
"
:
t
Cities, Service Power & Light Co.—Asks to Cut Debt
and Fixed Charges—
'
,
'
asked authority to extend this sum over and above
presently permitted by rules of the Commission and purchases
are
to be made during a
12-month period following the date of the
Commission's order.
Purchases are to be made at prices not exceeding
The
company
amounts
operating
on the
so
-
the
post-war
offering price on the New York
such purchase.—V. 158, p. 187.
current
time
of
Curb
Exchange
at
the
'
,
being
•:
Net
after
profit
and
taxes
Earnsr per
chgs.
sh.:_-
*L0SS.
June
30
2212.
1943—6 Mos.—1942
■
.
'
________
com.
(& Subs.)—Earns.
1943—3 Mos.—1942
$95,023
*
$0.87
Nil
-/■
"■ ;>
*$81,159
$1.82
for
to
Federal
$124,908
in
taxes
1943
and
for
Reserve
■'*.
income
charges
and reserve for
.taxes
1943
1942
1941
$3,142,908
Fed.
income
$1,733,936
$1,026,19&
2,019,607
but
before
conting.—
^
taxes
993,423
359,611
$740,513
$666,581
$0.31
$0.12
250,000
Nil
*
'
amounted
after
Profit
v
Prov.
...
$197,632
*$1,138
City Ice & Fuel Co.—Earnings—
i'/[ 6 Mos. End. June 30—
•
p.
1092 miles
3024 miles
Special Master Robert P. Stephenson subsequently .adjourned until
16 a hearing for determination of the company's solvency.
,
program of the company, according to Mr. Wallace,
formulated-r-including plans for the peace-time manufacture
of the "Cessna Family Car of the Air".—V. 157, p. 343.
••
.is
via Tampa——,
MiamL___
The necessity for determining the solvency question will have disap¬
peared if the loan is consummated, Mr. Rickaby said.-—V. 158, p. 288.
the
:
July 31 announced that
on
1943,
30,
Z.;
via
Childs Co.—Solvency
Hamilton,. G.
/
fiscal year ended Sept. 30,
fiscal
the
2146.
p.
C.
Chicago Surface Lines—Interest Payment-
provided by the company in its annual report
amount
for
June
Balboa,
payment of the full-amount of six mantles interest due Aug. 1,
1943, on outstanding first mortgage bonds of Chicago City Railway
Co., Calumet & South Chicago Railway Co. and Chicago
Railways
Co. has been authorized by Federal Judge Michael L. Igoe. Payments
will amount to $1,854,317.—V. 158, p. 386.
the
fiscal
in
will be Issued in exchange for and in cancellation of the
of
1942, had recently
complete satisfaction of both the War De-:
partment Price Adjustment Board and the company, and provided foxrefund to the Government of $5,668,000 which amount is but slightly
been
$65,000,000
of
Port
$5,668,000 Refunded to Government In Renegotiation—
Dwane
Note—Provision
par
Havana
to
Aug.
•
of
3,655,-
to
Orleans
$1,
Checker Cab Manufacturing Corp.
corporation
Orleans
•1
.....
»
miles
miles
miles
miles
miles
miles
Orleans to
•care
per
737
641
698
8826
2068
2014
New
-
$1
»
.
,
New
$1 Dividend—
dividend
a
par
-
New
payable Sept. 25 to holders , of
•record August 31.
A similar distribution was made on April 30, last
■year; none since.
In 1941, the following payments were made: July 25,
an
initial of 70 cents; and Sept. 26, $1.25.
■
;
outstanding
•»
-
Cincinnati,
and
New
/
Cessna Aircraft Co.—To Pay
Ind.,
-
proceeds of the sale held for the account of the holders of unexchanged
scrip but without interest; and upon surrender • of -such unexchanged
scrip certificates from time to time on or before but not after seven
years from the sale, such proceeds shall be distributed to the bearers
of
the
scrip certificates
according to their respective • interests.— '
V.
Evansville,
Ky.;
Houston to Mexico City via Tampico
Memphis to Detroit via Evansville—.
j3t. Louis to Detroit via Terre, Haute or Indianapolis.
Chicago to SingaporerBatavia via Nom?, Alaska—
New Orleans to Balboa, Canal Zone
be surrendered on or before but not after three years from the
date of. the scrip certificates' in exchange for, full, shares of capital:?
soon
Paducah,
The compary
has filed and is awaiting hearings on applications
totaling 21,418 miles for domestic routes and foreign services.
1 T-
may
.stock
via
Pa.,
Ohio.
be issued by
Period End. June 30—
merged corporation with cash for
has
share existing
Pittsburgh,
the shares
stock of Central and of 7% preferred stock
determined by
estimating the probable time
arrears
the merged corporation.
In
lieu
thereof, it will issue, in bearer form, non-dividend bearing and
non-voting scrip certificates dated as of the date of merger, which
scrip certificates in combination with others entitling the bearer to
one or more full shares of the capital stock of the merged corporation
$10 each.
merger,
the
Central
cash
fractional shares, will
No
months
$10 each, having, a total par value of $36,559,516.
shares 50,000 will be sold for .cash at par. to The Middle
furnish
2,823,066
87 314,137
income
oper
Net
•
such dividend arrears by Central and
they continue as separate corporations,
and by discounting such payments at-the rate of 5
per annum
from Dec. 31, 1943, to the estimated dates of such payments.
It is
estimated that the dividend arrears on. the prior lien preferred stocks
of Central would be paid in approximately equal annual installments
during the years 1944 to 1948, inclusive, and that the dividend arrears
on
the preferred stock of American would be paid in approximately
equal annual installments during the years 1944 to 1958, inclusive.
of
par
to
3 097,363
1,225,067
360,697
Chicago St. Paul Minneapolis & Omaha Ry.—Earnings
for the payment of
American, respectively, should
Issue, and Allocation of Npw Stock
the
$6,495,814
2;390,160
income
elected directors
required
single corporation, by merging American
carrying out the merger and for corporate purposes.
The
remaining
3,605,952
shares,
having--a -total
$36,059,516,
ry.
E. S. S.
Dec. 31,
at
of
The
preferred
lien
"!
'
.
Corp.
4,000,000 shares,
into
,
1940
1941
$8,327,514
3,683,709
"
,
advisement
and changing the name of Central to Central
The merged corporation will retain ownership
of all the property and assets of every kind owned by
Central, as
it presently exists, and will own also all the property and assets of
American.
Its authorized capitalization will be $40,000,000, divided
West
par
South
-Earnings-
1942
6, 840,300
railway
railway
from
■
to The Middle West Corp.
discounted value
to
become
has
$10 each,
and
258,146
$15, 487,405 $10,511,291
railway.-
•Deficit.—V.
cash
notice
of
elective on the date of merger, changing the
stock of Central into 4,000,000 shares of capital
stock,
3,206,639
1,271,368
1,904,897
' 1,214,696
11,391
New Directors—
An amount of cash equal to the *
par
amount of any stock taken by other holders will be paid to
The
Middle West Corp. in lieu of stock.
The option of holders to
.receive stock instead of cash must be exercised by written notice
mailed tc
the merged corporation within
15 days after the mailing
time in which to. comply with its order.
companies for additional
■
3,715,685
1,752,399
—
—
railway
oper.
Net
in satisfaction
1943, of the dividend arrears
on
the shares of said stocks held by it, except to the extent, tha-f
such other holders may exercise their option to receive stock of the
was
.
The' Commission
the
8,510,549
from
Net
involuntary
$91,928,
dividend
the
the
.
.
appealed by the company, but
the court upheld the Commission.
In filing an amended plan the
companies reserved the legal right to apply to the U. S. Supreme
Court for a writ of certiorari to review the' order1 of the District1 of
of
order
The
ry.
of the merged cor¬
value $94.29)
par
;
exceeding
shares
With SEC—
©f
from
Gross
the
Issuable will be
•
MacArthur, President of the Central Life Insurance Co. of
has been added to the board of directors of the Central
Co.—V. 158, p. 186.
Alfred
I
of
deduction
less
1§7, p. 519.
Central Republic
10,002.619
-
"
value
of
A%
maturity
11,668,399
290,066
—
For-each share of preferred stock,
of
The
N.
14,672,546
5,575,916
279,603
_
Central Pacific Ry.—Interest Payment—
.
$1,717,275
581,051
249,596
$1,320,207
705,150
186,892
1943'
Net
will
■
of
of
'v
$2,004,803
886,023
84.
p.
from
Net
1940
1941
1942
.
$2,412,524
Chicago Rock Island & Pacific Ry.
merged corporation instead of cash.
;
892,023
5,835,863
—
June—
poration will be issued and not exceeding $2,411,047 in money will be
paid in satisfaction of dividend arrears on the 7% preferred stock
of American and on the prior lien preferred stock, $7 and $6 dividend
series, of Central.
In order that holders of such stocks other thaii
Middle West
Corp. may receive in cash the cash discounted value
of
prior
■surrendered
Issue
•
income.
oper.
158,
Gross
$7 dividend series, of Central
liquidating value $100, dividend
arrears at Dec. 31,
1943, $83,125 per share)
the holder will receive:
IV2 shares (aggregate par value $75) of the merged corporation.
(5) For each 100 shares of common stock of Central
(par value
50c per share) the holder will receive:
2% shares (aggregate par value $27.50) of the merged corporation.
(6) For each 4 shares of common stock of American not owned by
Central (200 shares, par value $80 per share) the holder will receive:
IV2 shares (aggregate par value $15) of the merged corporation.
Aug. 30, 1943, should be
stock purchase warrants will
exercised
41,215,427
7,292,554
•
railwayrailway-
from
ry.
—V.
excess.
(stated
Not
debentures due
Aug. 30, 1943, at
Chemical Bank &
10-year iV2%
$3,057,500 of
outstanding
the
of
1,
1,901,100
49,545,956
12,846,513
—
income-
oper.
Net
An amount of money equal to
such
Called—
Celotex Corp.—Debentures
(The)
—
31,
Dec.
'
(4)
•Investments, based on market quotatios as at June 30,. or in the
thereof, on their then fair value-in the-opinion of the corpora¬
tion
amounted to $5,070,517 in 1943 (1942 $3,805,020), or $592,325 in
excess of cost (1942 $961,600 less than cost), and in 1943 after deduct¬
All
at
arrears
Central
by
' $4,997,691 ' $5,179,583
'
-
-
2,400
993,472
1,738,670
964,315
From Jan. 1—
9;429 'shares; (aggregate
(a)
railway-
from
Net
(i) the portion, if any, not paid
regular dividend at the rate of $6 per annum on
such
share
of prior lien preferred
stock, $6 dividend series, from
Dec. 31, 1943, to the date of merger, and (ii)
if the dividend arrears
on
such share at Dec. 31, 1943, should exceed $22.25, the amount of
143,405
2,400
2
$7,695,097
2,964,352
.
railway——
From Jan. 1—
each share of prior lien preferred stock, $6 dividend series,
Central
(Stated
value
$92,
involuntary
liquidating value $100,
(c)
10,211
143,405
—
Total
Feb.
•
from
Gross
For
receive:
434,000
absence
ing
Net
(computed
1,450,000
434,000
.
1943
from
Gross
of the merged corporation)
>value $110)
par
300,000
—
Surplus
vestments.
(aggregate
and
6,024
186.
p.
June-t-
60,800
$35,003
,
$9,591,288
railway—
Chicago Great Western Ry,—Earnings—
will
26,457
—-
taxes, etc.
w—.—
—■
———^7^_-
tClass A stock—
Class B
$25.90. per .share) ,the holder
1943,
9,561
;'1
39,206
:
for expenses,
Reserve
31,
73,200
$35,628
—
securities "when issued
against cash——
for
securities loaned
for
V. 158,
dividend
Dividends payable
1940
1941
,
from
from, railway
,
(b) $19.03 in par value of capital stock of the merged corporation
(computed to be the cash discounted value at Dec. 1, 1943, of the
arrears
per share then existing on the prior lien preferred
stock, $6 dividend series, of Central).
If such dividend arrears per
share are reduced subsequent to Dec. 31, 1943, and prior to the date
of merger, the above amount of stock will be reduced correspondingly;
$5,179,583
Liabilities—
Commitment
1942
'
1943
$13,925,387 $11,827,363
4,261,689
5,244,365
Net ry; oper. income!—
2,726,445
2,958,637
From Jan. 1—
Gross from railway
61,859,607
76,698,697
Net from railway
27,369,475
17,251,160
Net ry. oper. income™
9,791,718
15,250,034
Net
not
poration; and
,997,691
'
'
Chicago & North Western Ry,—Earnings
the
dividend
9,415
—:
•
—
the
year
June—'
Gross
excess.
(3)
of
*4,311,596
*475,024
4,093,108
1
,
157,
Net ry.
17,655
•
35,628
2212.
;
to be the cash discounted value at Dec. .31,
dividend arrears per share then existing on the prior
lien preferred stock, $7 dividend series, of Central), or, at the option
of the holder, $22.20 par amount of stock of the merged corporation.
If such dividend arrears per share are reduced subsequent to Dec. 31,
1943, and prior to' the date of merger,'the above amount of cash
and/or stock will be reduced correspondingly; and
(c) An amount of money equal to <i) the portion, if any, not paid
by Central of the regular dividend at the rate of $7 per annum ori
such
share of prior lien preferred stock,
$7 dividend series, from
Dec. 31, 1943, to the date of merger, and (ii)
if the dividend arrears
on such share at Dec. 31,
1943, should exceed $25.96, the amount of
of
35,003
20,591
receivable——
—
Special deposits for dividends
i—_—
p.
<
(b)- $22.20
$340,306
and dividends
the
V.
and
such
1943
$453,865
Cash
Due
$3,695
.
Sheet, June 30
Balance
Total
$68,795
65,100
$15,058
Assets—
Interest
16,014
20,933
7,182
<
7,174
$13,024
portion, - if any,
the rate of 7%
equal to (i). the
regular, dividend at
money
of
at Doc.
arrears
11 shares
fa)
$112,925
16,000
17,144
65,100
$5,991
_
of
dividend
$9,194
$120,476
of
each share of prior lien preferred stock, $7 dividend series,
Central
(stated value $96,827, involuntary liquidating value $100;
/
103,730
$78,124
$71,091
65,100
for period-
inc.
of
in July,
3,139
months
(2). For
1940
14,511
5,003
Taxes
;
.16,929
5,405
16,754
expense
amount
American
by
■1943,
$114,969.
$106,021
13,173
—
—______-.—••
General
30
$6,829
105,254;
93,391
and
the
the
113,647
$9,715
$12,631
Interest
had. a net gain of 1,152 stations during July, compared,
1942, and 1,611 in July, 1941.
For the first seven
the company had a net gain of 14,453 stations,
compayed with 20,762 in 1942 and 19,766 in the same period of 1941.—
The cpmpany
with
*
-
merged corporation;
jeceiye:
1941
1942
1943
"
-«
per
annum
on
such share of preferred stock from Dec. 31, 1943, to the
date of merger, and (ii). if the dividend arrears on such share, at
Dec. 31, 1943, should exceed $36.75, the amount of such excess.
Ltd.—Quarterly Report—
$13.91 per share on June 30, 1943. ■
shares (aggregate par value $110) of the
An
(c)
paid
valuations indicated by the summary of assets
liabilities, bank loans were covered 4.2 times, the asset coverage of
preferred stock was $95.98 per share, and the asset value of
£lass A stojck yas
*
*
y
for depre¬
basis of
the
On
'i i
v.
c
(computed to be the cash discounted value at Dec. 31,
1943,
of the dividend arrears per share then existing on the 7%
preferred stock of American), or, at the option of the holder, $24.59
par amount of stock of the merged corporation.
If such dividend
arrears per
share are reduced subsequent to Dec.- 31, 1943, and prior
to the date of merger,
the above amount of cash and/or stock will
be reduced correspondingly; and
-y'
•
Capital Administration Co.,
i
i
*
«
(b) .$24.59
32,441
allowance has been made
1806,
p.
arrears
il
(a)
;
preferred stock of American (par $100,
1943, $36.75 per share) the holder will
each share of 7%
at Dec. 31,
•'1
*
•" v
r
For
'
and
$84,937
7,812
235
expenditures
Capital
$111,253
$70,116
Operating profit for period--.
(1)
dividend
'receive:
Baltimore—
Chesapeake & Potomac Telephone Co.,
.Gains In Phones Reported—
-
shares of stock of Central and American and all, accrued
and-unpaid dividends thereon, on the following, basis: .
■ ".
.
outstanding
Canadian Malartic Gold Mines, Ltd.—EarningsQuarters
Monday, August 9, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
544
for.the
$7,313
six
months
in
1942.—V.
ended
156,
->
Net
contingencies.-
for
profit
Earnings
per
-~V.~ 157;
p.
common
1360.
vv.-
-.$873,301
share.—$0.42
V
'
-,,v
•!
.
(Continued
.
on
page
573)
.
/••Volume 158''"Number 4201
s't
545
,
Sales
Stock and Bond
New York Stock Exchange
D AILY
Cash and deferred delivery
NOTICE
■'
;a-.w
furnish
we
the current week.
Daily Record of U. S. Bond Prices
1944-541.....
—
...
2%s,
'
---
In
$1,000 units
1964-1969
sales
Total
9
101.29
101.28
101.29
101.29
101.28
2
Vis, 1951-53
j
Low
(High
...
2V4s, 1954-58—Low
[Close
Total sales In $1,000 units
—
(High
2s,
Low
Close
:
1947..—Low
...
$1,000 units..——...
[Close
.
Total sales In $1,000 units—
:...
(High
High
2s, March 1948-50
Low
...
low
—
Close
Close
Total sales In $1,000 units———
Total sales In $1,000 units.....—.
...
,
*
High
(High
104.20
-j Low
2s, Dec. 1948-50
Low
1955-60
104.20
[Close
Close
104.20
Total sales in $1,000 units
units
(High
.j
3 Vis, 1945-47
2
High
...
2s, June,
LOW
1949-51
Low
Close
[close
Total
Total sales in $1,000 units
sales in $1,000 units.
(High
{ Low
High
28/ Sept.,
Low
I%s, 1948-51—.
1949-1951
[Close
Close
units..
Total sales In $1,000 units—
—«
'
High
High
Low
28, Dec./ 1949-1951—Low
SV«s, 1951-54
[Close
Close
Total sales In $1,000 units....
Total sales In $1,000 units
...
■
| High 0
2s,
[Close
(
1950-1952
in
sales
$100
units
—
I High
...
2s,
Low
[Close
Sept.,
1950-1952
{ Low
(Close
...
Total
Total sales in $1,000 units
sales In $1,000 units
(High
High
|
1951-55
2a,
Low
IVis, 1960-65—
Total sales In $1,009 units———
Total
—;
sales
in $1,000
units
-
(High
High
2s
Low
1943_____.
1953-55wi—-.—{Low
[Close
Close
Total
—
SVis, 1949-53
1%3 1948
(High
.j Low
Total
sales
in $1,000
• ' -
3'As,
1944-1964.
—
—
—
High
___
3S, 1944-1949
Low
[Close
Low
Total sales in $1,000 units
Close
Total sales In $1,000 units—
.V—
(High
SVis, 1952-54—
Home Owners: Loan
3s
—
1
$1,000 units—
Total sales In
series
*.
1944-1952—
A
—
__
j Low
,T
[Close
Vis
(High
Low
1945-19.47—
j
^4-
(Close
f High
Total
sales
| Close
SVis, 1956-58—
Total
5
units
/
:
High
SVis, 1930-52—
101.9
101.9
Federal Farm Mortgage
...
(Close
Total sales In $1,000 units—
101.9
f Low
[Close
.
units———
———
units
/High
...
[Close
Total sales in $1,000
in $1,000
i...
(High
{ Low
_
sales
Total
units—
sales in $1,000
S */*„,,
Low
(Close
Close
SVis,
jlajw
[Close
Total
(High
4
March,
(High
,
...
Total sales In $1,000 units:
.........
...
^
.
Low
IViS, 1956-59....
tVis, 1958-63—
-v::';
sales In $1,000 units
Higti
Total sales In $1,000
\
■
j
[Close
Total
—-
Low
i
Total sales In $1,000
100.27
'V;;:/;
...
(High
2V4s, 1952-55
___
Total sales in $1,000 units
.
/'■■y
Close
___
units——
(High
3s, 1946-48
2 Vis,
10
Low
•
[Close
Total sales in
1
100.27
Total sales In $1,000 units
1
Close
3s, 1951-55
100.11
100.27
-"T-
101.23
100.11
.
.
High
101.23
101.28
83
■
.
100.11
100.10
....
[Close
>
(High
Low
...
100.10
100.10
•:
100.10
Low
Total sales in $1,000 units
-v-
100.10
P 100.8
100.10
High
101.23
High
100.9
in $1,000 units
...
^
100.10
Low
2%S, 1967-72
.
\ Low
[Close
.
Aug. 6
•.•Mr-
in
Closs
Total sales In $1,000 units
3Y8S, 1949-52
Aug. 5
•'*—
sales
-
...'
$1,000 units———
Total sales in $1,000
Aug. 4
$1,00 units
1963-1968-—Low
2%S,
.
—
....
Vis, 1946-49
Aug. 3 5
High
'
(Close
3
sales
[Close
...
.
'
Low
3 Vis, 1944-46—.
York
[Close
Total
...
units————
(High
r
New
Low
.
Total
—-n—-i ' Low
sales In
the
High
j
i
—
—
[Close
Total
on
(High
(High
Total sales In $1,000
July 3L
r
2Via, 1962-67
—
Total sales in $1,000 units.
3)48,; 1943-45...
S. Bond Prices
Treasury
—
—
[Close
;
Daily Record of U.
Aug. 6
—
(High
j Low
.
£ Aug. 5
Aug. 4
•;' — '"
- <—
units—"
3%s, 1946-56....
the New York Stock Exchange
on
.
4
[Close-
Total sales in $1,000
Aug. 3
;
-—.,
——\ low
year.
Figures after decimal point represent one or more 32d of a point. (See note below).
Aug. 3
July 21 ;
*
f High
Treasury
4V»s, 1947-52
YEA R LY
-
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonds
a
Stock Exchange during
4s,
Securities
jq-v1. United States Government
Below
WEEKLY
-
sales are disregarded In the day's range, unless they are the only transactions of the day. No account Is taken of such sales In computing the range for the
•Odd
lot sales.
in
$1,000 units
6ales In $1,000 units—
NEW YORK STOCK
LOW
AND
Monday
Aug. 3-
Saturday
July 31
Tuesday
Aug, .3
$
f per share
S per share
HIGH
SALE
Thursday:;;;
:
Aug. 6..
$ per share
per share
Range for Previous
STOCKS
Wednesday
Aug. 41.
/
RECORD
PRICES
Friday
.
I per share
Sales
$ per share
;
for
NEW
the Week
Aug. 6
YORK
Year
Range Since January 1
STOCK
Lowest
EXCHANGE
Shares
$ per share
Par
,
1942
Lowest
Highest
Highest
S
$ per share
$ per share
per
share
K
"
*60
61
.61
59
59
♦111
112
112
112
*111
112
•111
112
112
112
50
50
*46
50
*45
50
*45
50
*45
50
51
*50
53
*50
53%
*51
61%
61%
51
'
*50
53
10 %
10%
10%
10%
10%
29 'A
30%
30%
*28%
18%
,1814
*18y8
30%
18%
42%;
*
42%
41%
42%
76%
75
75
*75
5%
5
5%
108
*103
105
61
10%
10%
30
18%
18%
42
44 ' ■7 6 %1
5
*101%
61
.
30
•75
;■ 5%
.
"101%
61%
5%
105
-
18%
.
53
10%
10%
75
76%
5% V- 5%?
105
*102%
5%-'
5%
105
2%
2%
2%
2%
2%
24%
24%
25%
24%
24%
23%
22%
24%
22%
23%
23%
24
23%
23%
257/a
26%,
*102%
2%
.23%
39%
26%
27
38%
39%
25%
73
26%
*70
75
39%
39%
26 'A
;
26%
*70
73
39
26%
*70
2%
:
26%73
;23%
y 22
39%
»■
;'
''
;
2%
>■
; ■
'
9%
*9%
10
155
152%
153%
151%
152
14
*152%
v
*13%
*13%
14
*13%
*9%
-
14
153
10 -
153%
*13%
14
22%
22%
21
21%
22
22%
12'/a
;
12%
12%
12%
12%
12%
"
92%
*90
35%.
19%'
36%
36
*90
197/a
l7/a
2
*24%'
26%
82 'A
82 %
*19%
20
19%
92%
38
19%
'
1%
*1%
x26 %
26%
*24%
26
82%
79%
80
28%
28%
2
'
62 %
-
For
64
footnotes
28%
28%
62%
see
65%
page
555.
62
C4%
22
5% %
1,200
8,900
12%
*13%
13%
*21%
22%
12%
92%
37%
1%
1%
*24% *"27
79
19%
20
1%
2
*24
26
80%
79%
79%
29
29
f
29
29%
66
64%
300
14
37
19%"
*9%
22
*90
19%
64%
*13%
65%
12%
*91
36%
19%
*1%
153 %;
12%
92%
38
19%
2
Juneau
50
Dec
28
31
May
43
Jan
39
Sep
May 27
Jun
48%
Jan
7
5%
Apr
8%
Nov
13
18%
Jun
26%
5
57
July 13
6
13
Apr
32 y2 July
14% Jan
8
8
487/a Jun
Jan
28
3% Jan
100
...
Min
7
67
10
_.
76
1
July 13
7 Va Apr
Jun
15
900
—.
:
2,900
12,200
200
14,200
1,000
900
100
pf A without
Allied
Allied
Stores
5%
Alpha
July 24
3%
Apr
war..
100
5% Jan
2
29% July 24
3%
Apr
3% July 14
..No
par "•
13
Jan
11
45 |
par
18% Jan
11
31% July
Amerada
1,300
Am
...
Dye
...
.No
100
64
Jan
15
75
7
Jan
19
11% Jun
par
No
-No
Agric
American
Cnrp
("Del).
Airlines
7%
Dec
Apr
8
July 15
14% May 17
25% May 29
ll'/e
165
2
14% July 13
7
94
26 Va Jan
7
43
% July 10
17% Jan
7
23
July 17
Inc
% Jan
13
13% Jan
20
1
50
preferred
Chem
Feb
Apr
73% Jan
par
..No
.
...
No
par
par
10
>
x67
Jan
14
23
Jan
2
52
Jan
27
15
149
12%
16%
Nov
6%
Nov
Jan
4
Apr
64
July
22
Apr
30%
Jan
14%
Apr
19%
Nov
Jan
81
H Aug
July 22
11
Dec
18%
7
43
Mar
70%
30% July 16
18%
Jun
8
25%
Apr
76 'A July
Jan
Apr
1 Va
86 Va Jun
Jan
May
10
2% July 22
27
Jan
3%
4
Jun
17
4
May 26
6 'A Jan
.
NOV
73%
100
J
Oct
Nov
6%
22%
par
Corp
:«
Nov
16% Jan
9
Jun
%
6%
:
May
16
10% Jan
•4
Mfg
9%
Feb
57%
2
118%
140% Jan
-
—5
Petro
July 24
94%
69% July
A Jan
30
Portland Cem
conv
Nov
2
Amalgam Leather Co Inc..
6%
Oct
4
1% Mar
11
85
l
preferred—...
69
25
Co
Allis-Chalmers
Jan
Jan
100
Allied Mills Co Inc.
1,500
7,000
&
61
A Jan
Inc
Chemical
Allied Kid
Dec
5 '/a Jan
$2.50 prior conv preferred-No
Industries
Dec
41%
100
...
Alghny Lud Stl Corp
Alleg & West Ry 6% gtd
Allen
16%
Apr
war..
_
105
6
Dec
Mar
29 %
10
2iya Mar 30
38% Jan
Gold
__
5,400
27
153%
113
-
*70
153%
38%
:
28%'.. 28%
153%
10
V92%
37%
1%
80
*90
*9%
113
25% Feb
par
10 v
Albany & Susq RR Co
Allegheny Corp
5%% pf A with $30
28,100
21,500
24
23
Mar
41% Jan
;
par
Inc..
Vicksburg Ry Co.
Alaska
.
9%
9%
9%
Reduction
Ala &
10,700
38
:
-
-
5%
105
23
23
Dec
May
•
Air
•
*5%
-No
Feb
51%
37
104
63 y2 Mar 12
7% Jan
25
.No
Corp
Address-Mutigr Corp
30
*75%
Co
Express
4
35% Jan
110
..No par
Adams-Mills
800
75
Steel
Acme
51% Jan
par
100
preferred.
Adams
5,000
2%
38%
loo
500
76%
.No
Abraham & Straus
5,400
18%
24%
*70:
;
10%
30%
43%
2%
75
53
10%
*29%
18%
23%
38%
4%
40
42
2%
*70
Abbott Laboratories
80
50
43%
24%
23
113%
18%
2%
.
400
43%
V1
38%
.
59
18%
23%
:
*50%
-
30
18%
*45
10%
30
*111%
-
■
44
•
43%
H:*102%
*57%
,
30
.
*75
V
:
:
24
Jan
Jan
Oct
Nov
new york sto<
.
j
STOCKS
Tuesday
Aug. 8
Aug. 8
Aug. 4
$
per
$
share
60%
60%
7
7Vb
7%
37%
*132%
134
*132 %
1
183%
i
84%
183 %
i
71
70%
71-'
21 Ma
21%
21%
70 »/4
21Vb
"
*115 V2
117 Mi
*115%
117 Vb
109%
109 %
*108%
109 Va
•
v.
*20
25
*21
27%
6
' 24%
76
73
75
21Y*
1.9 Va
21 Va
70
•65
'
40
'
'
67
'67
.
76%
19%
.
20%
20%
67
66 V2
.32%
32
"
55%
55%
55%
8%
,
"
12
12%
99%
98%
13
-
100
'
34%
37%
39%
38%
8%
9%
8%
9V4
13%
14
*
14%
14%
{
1,500
8%
:>
800
Amer
Mach &
21%
/
2,300
Amer
22%:
♦33%
66%
66%
13%
14
13%
2%
4C%
3%
42 y
40%
38%
39 % Yy'ji .'
9'/a
9%
Y
15%
40
39%
40
40
39
155
150
♦150
155
'
111
155
59 y2
150%
111%
154%
55%
111
.30%
«56 %
55%
9%
9%
58 Vb
57%
W.
44
43 '/a
*120%
..
6%
70%
■;:y
5%
*5%
26
26%
26
26%
.
._
■
\nj
2%
*2%
44%
*43
2%
26
114%
11%
10%
.10%
2%
2%
2%
42%
•110S8
111%
11018
110 §§
*110 ss
ill ft
5%
5%
5%
5%
5%
67 %
69 ya
66%
67 y0
83
77.
77
77
34%
34
9%
9%
110 «'
*105
y
34%
34%
9
.
.*105
.110
34%
12%
12
12%
12 Ya
95
94
88
*38
39
90
90
*38
38%
38%
*104%
104%
58%
59%
28%
30%
82
83
82%
84
28%
30%
29%
*29
30 %
*30
*56
59
*56
30
59
25%
11
107/B
♦55 %
55%
110%
107/a
10%
10%
55 y4
55%
•
*55
65
65%
121%
121
121 %
♦121
*11
11%
*11
11%
65%
66
.
8%
8%
78
*75
4%
4%
40
58 Vb
32
8
77%
4%
4%
3,500
200
210
y
40
300
Assoc
70
5%
56%, ,57%
23,400
Atch
84%
1.400
^%
28%
9,400
29%
200
♦38
:
Y
y-
112
11
11
11%
56
56
56
56%
*55%
66%
65%
65%
*121
121
11%
*11%
11%
8%
8%
9%
8%
,81
84
82
JB5%
4*%
4%
4%
16
16%
16%
4%
66
8%;,::
4-
4%
.
8%,
8%
4%
50
>
11 Vb
4,800
38,600
4%
,
100
2d
Atl
16
15%
15%
7%
7%
6%
.7%
:-;y 6%
"6%
10 %
9%
10 y2
9%
.10 y,
10%
9 %
9%
8%
9V4
8%
87«
6
1 SS
W
t4%
Corp
Atlas
51%
51%
48
50 Va
*49%
22
22%
21%
23
>
$5
Au————■v.——No par
Corp of Del (The)
3
♦10%
11
43%
431/2
43 %
17%
17%
17
15%
15%
15 y8
is y2
26 %
26%
27
27
32%
*103%
107
•105
12%
11%
50
A
580
22%
23%)/:
13,300
Barber
300
Barker
Brothers
17%
13j/b
.15%
15%
26%
26%
27%
*43
.
11
_
>10%
*43
45
*10%
12
45
Y
17%
17%
17%
15%
15%
15%
27%
26%
26%
17%
11%'
♦43
45
31
v.
*103 y4
104
'r
♦105%
...
♦
106%:
31
*30
*103%
*106%
*30
,
6,900'
15%
15%
3,800
26%
27
*30%
32
*30%
32
33
104
*103 ft
104
*103
106%
106%
107
107
107
11%
; 11%
31
'
104
*103
107
ft
"
12
11
*31
♦110
112
*110
U
11
10%
11%
*31
33
112
*110
11
*11
y
112
33 '
-
11%
11%
11%
*31
33
*110
113
11
11
11%
*30
*110%
11
Cigars Inc.
Bayuk
31%
Beatrice
i
"
170
ll7/8
5,700
107
Y
Creamery
preferred w w
T$5
$4.25
~a-
preferredAircraft
Beech
rBeech
32 y
-
Corp.—>
Creek *RR
Becch-Nut Packing
113
—-50
—5
——1
No par
—25
Oil Co_
i
Bath Iron Works Corp—
400
11
1,000
i
Co__i,
Belding-Hemingway
Aircraft
Corp
14%
13%
14
13%
13%
13%
14
14
14
4,900
Bell
14
34
33%
34
33%
34
34
34%'
33%
34%
33%
34%
9,700
Bendlx
34
16%
15%
15%
.15%
.15%
15%
15%
16%
16 Vb
*15%
16Vb
1,300
*55 %
56%
*55%
56%
55
55
*55
33%
33%
34%
34%"
34
34
56
•55
34%
34%
14%
14%
119
33%
14%
61
60
118
For
56
♦55
119
60%
footnotes see
13%
34%
14%
6i y4.
118
page
..
14
59%
*118
555,
13%
14%
'14%
60%
119%
,
60%
118
14%
14%
60%
60%
118%
117%
34%
56
34%
200
Pr
1,500
Best
Best
14%
14%
14%
7,700
61%
x5ft%
60%
16.600
118%
118%
900
118
1%
—
Aviation..
Foods
:—
Bt.eel
preferred
No iMir
100
2
2
6
•
4
2
7
23VbJan
.
7
24% Jan 16
1013/2 Juir 25
106Va July 27
11
Aug 3
26% Jan 25
93
Jan 25
9%, Jan
4
12
Jan 2
33% Aug 3
-13% Mar 17
—1
5
——
(Del)--
2
2
30
Jan
12 Vb Jan
133/2 Jan
^__50 •
—20
No par
Loan——.No par
pfd $2.50 dlv series *38_No par
&« Co—
;
No par
Bethlehem
Jan
100%
May
7% Mar
%
Dec
Y16%
-
Nov
3
Nov
7%
Nov
25 Va
Dec
Jan
3% May
16 Vb
Jun
18%
>1%
49 Vb
Jan
10%
Dec
42%
Dec
•:
Y
Jan
25%
Dec
8%
Jan
Y
Dec
2
.Y ft Jan
Y
Jun
Oct
Y 35
2% May
3%
>32% Sep
36%
Oct
56
Dec
2
May
X36% Apr
A
1%
.;
►
-
Jan
25
-
Jan
91
Y
Jun
Nov
12%
Dec
7%
9% Apr
4
Nov
May
Y 5 23% Mar
Apr""
113%
Nov
10 Vb
•
Jun
16
Jan
40%
35% Mar
Y; 65
Nov
7
'
Oct
6%
Dec
5%
Apr
4%
Jan
37
Mar
2%
Feb
119
Feb
21% May
26%
Jan
Vb Mar
18
Jan
15Vb
Apr
12%
8
3%
•
Jan
22
YY
Apr
142%
8
26%
Apr
Y
Jan
6%
Nov
Jan
165
Jun v
12
9% May
Jan
Apr
59%
Oct
4% Mar
9%
Nov
..14%
35Va
Dec
43
Jan
52%
Y
Feb
6%
24
.
May
35 % May
Y 132% May
29
36%
144
Jun
16%
Jun
9%
Jan
148% Nov
Apr
136%
Oct
Mar
21%
Nov
Feb
12
Jan
';
12
Oct
Mar
21%
Jan
78% Mar
97Ys
Jan
23
Aug
7%
15
Y
Jan
17%
Jan
101%
Apr
134%
Jan
33%
Apr
Y 49%
Jan
34%
Apr;
120
Y„
50%
Apr
.
.
Jan
7% Nov
.
"
•
■22
Jan
143%
Apr
3%
33%
Dec
116%
Jan
4
Nov
Apr
108% May
1% Apr
39
Aug
70% Feb
Y
3%
Dec
5%
Jan
51%
Dec
76%
Jan
3%
Apr
57/a
Jan
38%
Jun
Jan
28%
Jan
Dec
30
Jan
12% Mar
17
24'
'
107-
1
Oct
1% July
36
Apr
102 Y"
Jan
12%
Mar
27%
,
112y2 Mar
May
7% May
Sep
Dec
111% Mar
Sep
Y'Z
42
Sep
Y;: 67%
40%
Oct
66
Jan
21
Jan
33%
Dec
5% Mar
8%
Nov
J
2V2
2%
79
4 Va
Jan
Feb
4%
Apr
82
May
4%
Oct
July
6%
Jan
77%
Jan
Apr
61% Mar
53
Jun
83
Jan
20
Jan
28%
Dec
81%
Jan
100%
Dec
27%
Jan
53
Oct
60 Va
Jun
19%
Jun
16 Ma
Jun
)
'
Y
Oct
72 %
34%
Oct
34
Jan
45%
Jan
Apr
-23%
Jan
99% July
38
14
24
4
4
Y 50
22% May
97'/2July21
94V2 July 22
38 y2 July 16
105V4 Jun 12
67% July 24
4
9
5% Jan 13
No par
No par
y—1
Beneficial Indus
15%
34y4Jan
12
Feb
.-
a—No par
i
prefeiTed-
5%%
800
104
.
-10
Barnsdall
;
'
11%
■
40
17%
17%
"
v
-
Asphalt Corp:
43%
33
11
50
24 y8
*10%
*31
11
50
23%
10%
111
♦107
49
23%
22%
33
♦30%
52
22%
16%
,
:
3% Jan
6
Jan
Bangor
*50
51
43%
17%
preferred
4%
t c
i.—
9
10.%
11%
5V4Jah
Ohio^
9
22
-
11
104
& Aroostook
50
ConV;5% preferred_-^-^-——10 0
10,400
1,700
22%
92
54% Mar 30
31% Apr 8 Y
29% Apr 7
23 V2 July 15
116 Mar 18
14V2 Apr 7
3y8 Feb 27
45l/4 July 6
112Va Mar 12"
110^ Aug 6
6% July 27
72V4 July 27
80 July 26
40% Jun 5
10% Jun 26
loy4 Jun 5
105 July 23
15% Jun 28
Jan 7
Mar 16
Jan 4
Jan 14
10% Jan
Baltimore &
>.
Dec
Dec
May 26
34% July 22
60 ya July 21
2o%May2/
113 Jun 15
13% May 29
56 Va July 9
Jan
Oct
18
7%
90Vb July 22
Jan
—13
100
100
15,300
9
9
Y
109%
33
'
Mar
14%
Feb
Sep
7
Jan
Apr
51
Dec
43
May
70
Jan
111
May
116
Jan
6M4
46%
7
9 Va
Jan
Apr
3%
Dec
15%
4
Apr
1%
Apr
31
8
Dec
4%
2% Jun
Jan
"
Baldwin Loco Works v
10 y4
10%
9%
Dec
Jan
14
May
Jan 9 *
68%. July
Jan 12
123 Jun
7% Jan >, 7
13 Vb Jun
2% Jan 21
9% Aug
28V2 Jan 5
85l/4 Aug
3 Vb Jan 2
6% Apr
prior
Aviation
"
43%
31%
10%
9%
Mar
103
3% May
2
44
18%
106
6%
50 Vb
52
113 _
No. par
No par
Nichols—
Austin
7
Jan
110
Mar
15
26 Va Jan 13
19
Jan 8
-No par
100
t
Atlas Tack Corp
2
4
5
Jan
2
Jan >2
66
50
preferred
tAtlRs Powder—'—,
—
t5#> conv preferred
6%
2
5
2
Jan 20
Y#30
Jan 2
6% Jan 9
4% Jan 7
92
Feb 27
6% Jan 4
72% Jan 11
* 59
Jan 7
29
Jan 5
100
Jan 4
Y: 44% Jan 7
100
25
.-100
5
preferred
Refining
conv pref series A
Atlantic
-
Jan 13
Jan
5
Jan 11
Jan
2
3
46
49
—1
Lines
20%
May
May
*9 May 4
88 V2 July 6
8% July 16
79V/2July21
7 Vb Apr 7
8
7
>110% July
Coast Line RR——100
«
5 %
10'/a
iy4
34
108%
100
-1
6%
6%
10%
10%
6%
100
—100
nreferred
16,500
16
15%
6%
7
.6%
10%
15%- *16%
No pur
preferred-1
Topeka & Santa Fe
b
16
15%
:
1
100
__100
;
preferred-^-—/
Investment Co_
Atlantic
1,350
84
83%
84 y4
1,330
66%
121%
-11%
11%
.
200
♦121
•;
121%
*H.%
4,100
Goods
1st preferred
t7%
120
11
11
65
4,400
112
112
—100
—
t6%
V
300
25%
25%
112
111%
*55%
56 %
56%
25%
121
,
29%
58%
25%
11
No par
:
Associated Dry
12 Va
-A
*54%
111%
pf 7%
preferred
1%
104%' 104%
•
25%
10%
Corp
Artloom
86
28
*30
2,500
94%
29
32
500
9'/4
84%
56%
111
9%
,
12%
85
29
2,100
84'/4
104%
*84%
80
94%
:*
:•
v.
25%
65%
78%
4%
-
9,800
(Del)
& Co
7V<o.preferred (called)—-—
Armour & Co of Illinois
;
;
5
/ $6 conv prior preferred
No par
t7% preferred—
:
—• -100
Armstrong Cork Co
No par
Arnold Constable Corp
Y—5
'
110
*105
Jan
121% Aug 2
111%! Jan 20
No par
gtda_100
Daniels Midl'd
Armour
:
'
86%
57%
,
34%
9'/a
Y<y
56%
121%
*11 Va
8
8
76
YY
«
77:,. .77
12%
-
24,700
5%
69
.-*8%
:
.:.
25%
56%
65
♦121
iio{&
600
2
24% Jan
24
Jan
16 Va Jan
.-
No par
—20
5
W Paper Co Inc
P
Archer
600
2,900
9%
59
25%
112
*111
111
111
59
*30
30
*56
25%
25%
:
9
110
94%
85
29%
57%
...
104
104 Vb
58%
-
43%
13132
x34'/a
34%
*38
39
104%
■„
12%
Y
104%
•
30%
25
87%
(:
94
12%
>38
42%
111 A
11611
79%
9%
88
•
30%
27%
A
5%
«C%
95
95
-
84
*82
85
♦84
3UU
68%
•105
56%
59 y4
56
400
1%
5%
9%
110
*104%
104 y2
*104%
.10%
70%
34%
9%
:
12%
96
88
9%
.
*105
12%
94
*8% \
.
9%
95%
39 Va
10%
$5 dlv preferred
Andes Copper Mining
*76
34%
34%
.
110
12%
91%
20
..
111%
5%
80
.*77
95%
*88%
114%
69
69 V4
68
9%
9Va
9%
.
;
*8%
9 Va
9
♦105
1,800
...
111 a7a
32
fllOU
.
5%
5%
5%
69%
111
1103§
1103?
111%
68%
9 %
21%
No par
;_12.50
Anaconda W & Cable
*113%
42 Va
42%.
42 ya
111A
111%
Mining
Anchor Hock Glass Corp
i
2
2
42% Jan 11
—_2§
50
preferred
$5 prior conv
Anaconda Copper
l7/a
'
42
42
111,*,
1
Lead & Smelt
Amer Zinc
1,190
.211/6-
JanJan
3% Jan
55 Vb Jan
4
Jan
100
Preferred
20,400
v.,
No par
--No par
z
V/oolen
American
300
26%
25%
ro
*1%
43
(-26
Jan
73%
•
. ft
32% July 24
158% July 22
63% Juiy i
65% July 14
146% July 23
12% JUiy I
47Va Jun 2ft
Jan 14
3% Jan
53% Jan
Wks & Elec—-No par
1st preferred
$6
5,200
5
49%
25%
114%,r; v.
ll%.ft,;
♦10%
' 2%
ft
*9
1,600
4%
21%,,,.
*113%
114%
111
77
3,400
49
26%
*21%
*21%
*1%
111 A
34%
26%
21%:
6%
70%
5%.
,
200
,
Oct
33
16
117"» .ion
ft
Jan
129% Jan 2
6% Jan 14
- 32
Jan- 6
preferred^————---^100 v ' 115% Jan 8
Am Water'
18,900
6%
26
y
500
70 y4
48%
i,/
>10%
111%
*80
26 %
•
26
*113%
•iiift
>
26%
26%
21%
*113 %
12
"
"
*26%
21%
114%
42
26%
4,400
,
2
100
—10
—14
preferred
Amer Type Foundries Inc
American Viscose "Corp
t6%
Dec
Dec
69
8
4
32% Mar 23
47% Apr 1
160 ' Aug 2
'4a
Apr 3
151
Mar 2
29% May 29
15 V2 May 4
17y2Julyl5
33
Jun 2
Jan 6
Mar 9
Jan 2
17% Jan 14
—25
class B—;
Common
270
6%
5% v..
48%
""
5,600
83%
6%
6%
5
.Y
52
*48%
:
43%
Apr
105
l'5V4 Apr
18
43 V2 Jan
tTobacco—.25
American
2,200
Feb
91
21%
127V4
42 V2
■
-
Amer
3,-900
t
121
83 Va
-Y
Am
3%
74%
Apr
176
69 V2 July 24
6
5
5
7
1
2
Feb
Mar
16% July 14
Jan
Jan
Jan
Jan
Feb
Jan-
145
19%
■ 11%
•
12
-
—100
Refining
Preferred —^-100
Sumatra Tobacco
-No par
Tdlep & Tcleg Co
—100
,
"
9%
.
71%
5y4
26
22
*10%
;•
'
•
[26%
114 y4
11
11
5%
Y
.
25%
26%
,*21%
115
*114%
52
25%
v:
,71%
5
>
A
9%
-
86
6%
6%
71%
...
t-
146
*120%
6%
.
71%
7
6 8/a
"
ivy 26
v*-
22
♦21%
♦48%
.
6%
"*83%
85
70%
" 5 Va
"'*48%::'50%
;
5V'4
.
51
*48%
6%
v
85
6%
71
5
6%
6%
86 Va
70%
6%
6%
71%
6%
71
-
.:*83%
1,300
:No par
-No par
Co_i_
Stove
American Sugar
2,600
1,303
preferred
Steel Foundries
American
112,200
56%
43%
44
*120% .123%
123 %
American Stores
800
V
32
153%
57% ?58
9%
Y44
44
44
*120%
123%
6%
«%
88
♦83%
88
*9%
■Y
1,900
y
111%
145%
145%
:
9%
9%
9%
9%
441/4
6%
6"%
6%
w,;.
58
145%
""
*83
57%
Y
145 y4
145
"
121%
43 %
121
124
55%
55%
5,000
Amer
»
27
32
Y y. 3.52 /
55%
Y 6%
•i
■
*
57%
57
*111%
YY
31%
154%
"
'144% 144%
145 7/a
111
i
30%
154
,
;
:
16
26%
27
American Snuff
600
1
14
>
16
Y
>
20
•23%
22%
*13%
14%
3.6%
:
11% Jun
172
July
Jan- ; 2
54
8%
12%
27
37 Vb
144 V2
35%
par
__No par
Nv par
-100
25
100
.No par
Co
tPreferred
450
150
23 %
26%
111%
152%
152*
56% '58%
44%
44
*121
40
40
*145
14
27 V4
*30
159
39%
150
*16
.
J
158
2
Feb-!3
f lOVb Jan 2
18,50
A'o
Co..
Smelting & Refg
Amer
6,500
"
160
23%
-
16
27 y8
30
55%
145%
9%.
9%
23%
.
145%
♦144%
i
,13%
*16
111 %
:
29%
57
57
57%
111
154%
150
■
58%
26%
30
29%
,
.
57%
26%
26%
110'/a ill
;
30
154
16
tAmer Ship Building
.y
40 Vb
39%
13%
13%
15%
620
29 Vb
39%
150
'
23%
23%
13
-iuO
t"
16
29 Va
ova oan
154
"
Safety Razor
Seating
*15%
*
*16
27%
27
23
16%
14
-
16%:-
*29%
24%
26%
14%
16
"14%
23%
23% y
23%
*14%
American
American
16%
40
155
*150
1,100
29%
156
160
*39 %
39
150
40%
♦40
*150
40
160
160
159 %
160
159
1
29%
30 y4
39%
1,180
130%
20
May
.55% May
'
:-.
45% July 2T
42'% July 27
4M>/7. conv prefPTed
y
*15%
.it>%
39%
"
40%
2
4
___25
14%
*14
14
18% Jan
16% Jan
-
__._100
...
Rolling Mill
American
4
2
116% Jan 29
x26
No par
par
No par
No par
San'y
65 %
y
65
:
1 Vb
159
.
May 5
May 27
59V4Julyl4
9Va May 6
7Va Feb
2
46
Feb 23
17Vz May 6
Jan
Y - ft Jan
100
Preferred
13,600
x3G % Y 36%
J. 6%
15%
30
39%
•
30 y4
*
y;
160
♦159
:>•
M
14
Apr
15y2Jun, 1
lOVa Jun
4
27 Vb Apr
7
123
May 7
35V2July30
4V4 May 10
-
par
No
Co
Rad & Stand
Am
10
-1
170
13%
Apr
56%
Oct
Jan
33
23
120
.
109% Jun 30
H $6 preferred$5 preferred
| 43,600
•
65%
14
yy 29 y4
15%
30
15%
30
40%
30
9Vo
*167
'
15%
30 >4
♦i5ya
65
14. y.
*13%
f 23.900
14»/a
"'i
*
38%
8%
169%
14
14%
14%
13%
13%
-
»
*165
170
170
40%
9%
9
Nov
12V4 Jan- 7
7% Feb 11
20 V4 Jan
4
Power & Light-,
Amer
13,900
t 14,500
40
38%
.
Oct
49
'6%
70
5
53'% Jan
7
2
Jan
2
37% Jan 11
4% Jan
2
Y 5% Jan
5
.r 39% Jan
2
7% Jan- 2
No par
No par
No par
Metals
News
American
420
3
■2%
y
3 Va
42%
3
*
14
34
.
par
preferred
6%
123
*33%
34 y
39 Vb
66
65%
67
*i2iy4
Y
123
♦121%
"
65
21 y2
22
££22
34
41%
14 Va
No
Metals Co Ltd
123
1
a____50
Co
*8%
22
9%
Apr
3% Mar
,„__100 :,Y 81% Jan 20
Y. Preferred
Amer Mach & Fdy
8%
'33
170
'13%
.
% 2,800
of Ill___
Co
preferred!
Locomotive
14%
9%
♦165
170
♦165
14
invest
conv
14%
'
y:
175
13%
5%
American
par
____100
No par-
Corpj
*8%
3
8%
Iiiternat
American
30
No
^
preferred
6%non-cun.
Amer
115,700
12%
40
41 Va
"38%
3,700
300
98
42%
-
40%
-Ice—..
:
8%
"
2%
y
27/a
40% y 42%
♦170%
12
97
jj
Home Products—______ 1
I
12% "Y
98
American
800
1
45
Jan
38%
-YFfy "*
-'A
v
American
<
6%
6%
*43%
y'y'T- :3'--.'y,
yy
v
-800
■r
7%
-
98%
.>"12%
;
7%
100
1
2,900
r
3%
•
45
♦43%
100
*121%
33
33
42%
40
300
51%
6%
*6
•:/
3%
51%
:
••••:-5%
4
8
'
14%
8%
123
♦121%
'
2%
3 "
2%
y
21% •-21%
21%
21%
34%
1,'200
,
66 A
*65%
VY
53
'
♦121% 123
33%
33
*
123
i
Z'.Y
40 Vb
1,100
8%
1
22
22
♦121%
f
14%
14%
14%
*8%
8% Y 9
9%
*9
14%
14%
14%
14%
*39%
£
7% y 7%
12%
'12 Vb
.99
'
12 y8
98
102
"32%.
3%
37/a
3%
51
44
43%
"
12%
12%
lOOYu
600
3%
66%
66%
6%
*6
44
*43%
44
*43%
"
Y
7%
7%
6%
6%
6%
*
44
66
*32
:
39%
:> 24,200
3%
39%
55
*53
7%
73'4
8
*6%
6%
»6I/4
*43"%
3%
20
66
ZY
•.
,
9% Apr
.
1,400
19%
32%
4
3%
4
55
*
7%
r
100
>
76
♦74
Y
32%
V
66%
*66%
67
4
55
4
4
67
40
40
40%
*65
66 y2
66%
-
66
3 ^b
*3%
3%
20%
:Y
33
*32
76 Vb
19%
Y
'77
77
'
5%
18
60% Aug
27% Jan
2
127% Jan
4
3% Jan 20
No par
Fdy
conv
a
*
8
Y
32
Y-*
3%
Y. *39%
3%
3%
*
55 %
-
2,800
! 1,800
! 30,600
•Z 5%
5%
Y
76 Vb
67
*65
5
j
■
25
24%
,
5%
21
c
♦39% " 41
•
4%
4Va
5%
5%
5%
73%
:
1,600
93/4
*9%
9%
30
|
2%
2%
2%
2,600
>.
26
26
24%
200
i
'
*9%
24%
:i
104 V»
*102 Va
.
26%
*2%
"Y"
9%
24% 1
'
3%
3%
40
1
'68
31
32 Va"
32
2% i
*9%
24 Va
9%
24
5%
6
20?b
♦63
102
26
z
'
15
15
14% us
1C2
26%/
2%
'2%
,
*9%
24
76'
,
26%
"
2%
2%
,5%.
Y"
102
>-» O o
'
>
/V:';
••
10
*9%
'
9 V4
24
5%
111
*
25
9
July
5
4 Y
,
120
109
10
*9%
i
14%
-14%
14%
101%
27%
10
*9%
109
70
.r
117%
*20
t
25
*20
,
1,300
V
%.Y A A 2,000
21
21 Va
♦115%
109%.
109%
25
♦20
"
-
25
<
-v': Y
101%
102
2 V2 "
'24%
t
110%
Y
21%
117%
9Vb
9 Vb
9% '
3
9%
*9Vb
i
25
27% ^ 28
28
27/a
"
21 Va
*115%
♦109%
110
-14% Y'Y 14 VB
14
*101%
102
"28
'
21%
116%
72
71%
72%:
72
72
■
116%
'
:
14%"
14V4
*101'/2
'
*21%
-
9 Mi
9%
.
110
*9% - 10
"
i
72
"
21% Y
116
..
*20
25
*
70% "
70%
21%
YY lie
170
15,600
36
35%
36%
2,700
r-H CO CM £
182 Vb
184
35%
36%
34%
Jan
c
4%uan
43% July 14
133'% July 19
9'/4 May 4
American Can
25
71% Jan
2
91% July 15
tPreferred
100 •- 173
Jan - 9 Y 185% July29
American Car & Fdy
No par
24% Jan
6
45V2 Jun
1
Preferred
100 •*
64»/4Feb 15 '
80
July 10
Am Chain & Cable Inc.,
No par
Y18% Jan
5
24% Apr
7
t5% conv preferred
100
109
Jan 22
.116% July 23
tAmerican Chicle
par ■
. 96
Feb . 4
112% May 10
Am Coal Co of Allegh Co N J__„25 Y
19% Feb
1 '
24% May 20
American Colortype Co
-„-__10 YY 6% Jan-26
11% May 6
American Crystal Sugar
10
> -14
Aug 2
18% Feb 25
y 6% 1st preferred—
...100
97% Jan 27
104% Jun 2
AmeDistilling Co_
_____20 ,-15% Jan- 8 > 31
Jun - 4
American Encaustic Tning____1
1% Jan- 2
> 4% Jun 10
Amer European SeesNo par
6% Jan
8 *
10
Atir
ft
American Export Lines Inc_j,„_—1
24
'Aug
2
29V4 May 18
Amer & For'n Power
No par
1% Jan- 2
.9
May 10
$7 preferred——No par
46 Va Jan 12
87% Jun 16
$7 2d preferred A_l__
No par
7
Jan -- 6
26 ,» July 14
$6 preferred
—No par
39
Jan
6
78 V2 Jun 17
American Hawaiian SS Co
10
i
30
Feb 23
3ti '/a Apr
1
American Hide & Leather
1
'
2% Jan
4
4V2 Apr
6
6% conv preferred
50
,
35
Jan
5
40% Jun 22
10,100
•
85 %
85
Y 47
___50
__1
;
preferred
Amer Cable & Radio Corp
5 Vb %
10
6%
6%
6%
85
r» CO CM
183
182%
34%
33%
34%
35
183 ' /
183
184 %
♦183
33%
33%
*133
133 Va
6%
85
;
Oorp
>
Highest
$ per share
$ per share
t per share
5
8% Jan
10
Note_.
Bosch
•
Lowest
Highest .•';.
Lowest
S per share
1942
Year
Range Since January 1
/
•
Y
preferred
Brake Shoe &
Am
900
Y..-'
135
%
6
-
Americail
2,400
7%
34%
34%
35
133%
6%
85
85
83%
83%
135
6%
7
%
6
7 VB
84%
*132%
135
*132Vb
135
6%
82%
7
67/a
84%
280
' 7%
Y.
7%
7%
35
;.r
t
Per
Amerloaft Bank
1,400
Range for Previous
^
J
...i
EXCHANGE
Shares
15%
*59
V
»' •"
STOCK
YORK
■
60 M2
15%
15 %-,-'
60 y2
7%
37
*35
37
37
37%
7%
7
5%
Y',
7 Vb
-
37%
15%
60 %
y
$ per sharp
Y
t per share
/
16
60%
*
37%
share
NEW
for
the'Week
Aug. 6
Aug. 5
15%
16
59%
59%
$ per
share
per
15%
15 Va
59
59%
♦59
$
share
per
15
15%
15%
Sales
Friday
Thursday
Wednesday
July 31
t
SALE PRICES
AND HIGH
LOW
Monday
Saturday
Monday,.; August 9, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
546
,
■■
54% Feb 23
22% Jan 7
8% Jan 5
65% Jan 7
llOVb Jan 4
193'/4 May 27
Apr, 7
.
14% Apr..'6
12j/2 Apr, 29
57. May 26
28% July 14
,- 12% July 22
44 Juiy i4
/ 19
July 15
20,8 Mar. 22
x29 May 27
33 /2 July 19
114, Mar 16
107*/4 July 30
14^ July 26
33/2
13
110 July 7
ll /8Jul3( l
20% Mar 16
39 /a Apr 6
•; 17% Jun
5
56y2 Jun. 5
38 July 3
17 Jun 28
69% Apr 6
121 Y July 20
9%
14%
Jun.
4%
10
Jun
4
8%
15%
103....
:23%
»
Dec
6%
Nov
33%
•
Jun
20
,
Dec
13%
.»•
Jan
12 Va
Jan
36
•
4%, Apr'
24% Aug
Jan
6%
Jan,
6% Mar'
;>
Jan
.7%
Apr'
22
Y
Jan
4%
Jun
2%
y
Dec
12%. Dec
18 Vb, Jan
x23%
Nov
26
Oct
105
Apr
Apr
Mar'
Oct
Feb
30
Jun
'
,110%
64
Apr
6% May
9% May.
•
9% May
46% Mar
Jan
Dec
17%
Nov
397/8
28% May
,
.
9 Vb
.
Jan
15%
Nov
54
Sep
17%
Apr
24 V*
Jan
8%
Dec
8%
Dec
66%
Jan
49% May
105
July
,121
Jan
Volume
"
158'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4201
NEW YORK STOCK
low
Saturday
share
$ per
$
share
34
34%
331/4
33%
18
18
173/4
173/4
9
9%
*18
18 3/4
15
83/4
47
16%
,•
y;
*14
15
*14
17 X-'
*95
98
15
•16
47:,:X
951/2
95%
x
95 Va
49
49
■;
"473/a
9
153/4
95"
15%
153A
16
153/4
46%.
46 Va
45%
95%
473'a
473/a
15%
26 %
y;.
26%
283/a
28%
33
95%
95 Va
95
95
48%-
48
48%.. / If-
26%
27 '/'.r
27%
27%
283%
28%
28%
28%
28%
"32%
32%
33
34
33
33 % i
*31
X
*34%
103/a
27%
41%
26%
41 >/4
%
%
1
1
15'/a
1
40
17%
8
119
6%
99%
102
98
41%
42%
42%.
*
*40
*l75/a
8%
8 Va
8%
116%
116 %
6%
6%
116%. 119%"
6%
98
:
*15 %
40 ya,
; >
103
101
6%
104 ya
103%
5
191/4 July 14
9% Jan
26
19
100
40%
c ./
300
8%
116%
6%
*; •
»
100%
1%
;
15,000
0
102%
5i %
Bucyrus-Erie
40
V
y
6%
.
6,900
-
.1,230
521/4
Budd
,33
par
6
jj
32% Aug
44
'>•
AX'
>■'
—•
06
rv>>.
220
Vi'V'. ''
8
8%
7%
7%
8%
7%
7%
18
18
18
18
171/2
17% ify
19%
19%
19%
19%
193/4
20 •;
31%
31%
31
31%
31
31
'25%
26 3/4
v"
8
7%
8
7%
*17%
17%
17%
17%
*19%
20%,
19%,
20
*30'%
>■;:
123/4
12%
25'/»
25%
*107%
107%. 108%
108'/♦
27%
26%
108
13
12%
■
■.;;
32%
27%
<
108
11%
12%
*30%
27%
108
27%
108%
12 Va
12%
12%
.
;
■
4
1 % Mar
1
,29% Jan
2
18V* Jun
,
4
6% Jan
7
10% May
104'/a Jan
12
,
8
par
100
76'A Jan
8
par
51% Aug
6
3
'Jan
2
12 ya
12%
:
600
;
:
l;[.
Wheel
*.
par
6% Jan
y 14% Jan
,5
par
,
14,300
100
Burroughs Add Mach
35'A Nov
Apr
43
,
Jan
Va Jan
Apr
IV* Jan
7
Apr
28% July
■
103/4 Nov
35
Jan
97/a
Apr
14%
6
Dec
8%
Jan
112 Va
Jan
Xl03'/4 Mar
■
2% Apr
47%
1
Oct
3% Dec
Jun
85% Dec
! y 9%Jan
7%
Sep
Oct
15% Mar
35% July 19
16% May
19% May
263/4
Nov
14% May
20%
Dec
<3% Jan
~9%
31% Jun
71
108% Jun
153/a Jun
7
25
-Oct"
7.
4
2% Jan
■
11%
: 29
105yaApr20
No par
5% Sep
18% July 16
% Apr
5
I'y 19% July 28
No par
247/a Jan
6
-1 'V.
20% Jan/ ,2
Burlington Mills Corp
5% /preferred
Sep
9% Nov
6
10% Apr
4
1
No
Co—
;
2OV4
21% Nov
„
'
No
;
52'A Aug
31V* Nov
Jan
1
6
118'A July 27
D7/a May 10
116 Va May 10
3% Oct
A Apr
42% July 23
20'A July 10
_5
v..r■'/
-
5
Jan
13
No
Bulova Watch
7,800
,
-
•'
•i-
iBuffalo Forge
; Bullard Co J
1,000
1,300
y'
"27%
*107% 108%
.
Budd
900
;
i•...
32
27%
,
5,900
/;
20
*30%
27 Va
*.1.07%
108
12%
*19%
32
.
8
17%. 17%
'
*'•••-
*
20
Dec
28% Dec
jun
30
2
-No
$5 preferred
v-July 14
It Mar
223/4
/
15% Jan
,
44 % May 21
13
■
—
7
17 % Jan
May
7%
Feb
40% Jan
,
Jan
X13
.
Dee
95 %
1%, Jun
25
Mar
,
:.5.
9Ve Jan
par
lO3/,
4
12% Apr
30% Jun
7
Aug
43
1'8% Mar
5
37 •% July 23
•;
16
jan
21 Va Jan
Apr
13% May
July 14
% Apr
.3
7
Jan
iV
/
100
Mfg.
preferred
39
4
v
,37 Ms Jan
..
y
par
;
(E G)
t7%
/
Co
preferred-,—
29 Vb Aug
20% Jan / 4
par
par
No
July 15
16
Jan
Jan
5
JVo
29
I
30%
8
128'AJan
par
Bruns-Balke-Collender
May
72
July 15
2
9
par
/Brown Shoe Co_-^.
1,400
May
9
20
No
Dec
25
6
51
13
15
;
75
May
96% July 29
2% Jan
par
^No
July
13 %
2
26% Jan
:
^5 ,:
___No
58
24
100
Bearing Co—:
Jan
July 24
21% Mar 30
561% May
22% Jan
5l
-
Jan
12
13
15
Bristol-Myers
CO;
Brooklya & Queens Tr
t.'Bklyn-Manh Transit
.-Brooklyn Union Gas
2,100
17%
(The)
Jan
14%
Apr
2
Jan
7%
Jun
9
17'
Dec
,
193/4 Jan
,
8
Jan
,
29
11%
89% Apr
38% Jan
1
Apr
21
Jun
4I'/» Jan
;
par
I
17
14% Jan
5
No
;
i', 5,800
.
Sep
ll'A Jun
76
$ per share
Apr
5
193/4 Mar
2
L
tBriggs & Stratton
1400
i.-::
7%
,
2,200
i
Brass
InO-L„_:
Roller
14%
4
^.5
Brewing Corp. of America-.
;Bridgeport Brass Co
.No
Briggs Manufacturing
No
.1,100
</::
!;;■
116%
104%, i
<
tt
17%
6%
'.
7,000
15%
*40
8%
*116%.118%,
-
V*
U
/; .600
4,800
;
1
15 %
18y4
8
26%
43%
>
40%
18
,
Co
6
Jan
100
L
Stores
Bower
.
41%
15%
J40
18
:
i
&
18%
par
Co
Highest
$ per share
5
5
Borg-Warner Corp-.L——1
Boston & Maine RR
500
:
L
*42%
H
15%
17%
6 %
99%
U
15 >/4
38% May
6'/$ Jan
13 Va Jan
No
1942
Lowest
$ per share
8
16
par
Ahil .Co class Apar
Borden
2,200
:
Airplane
Class B
Bond
5,800
111
•
*40%
r.
(j"
10%
%
1:
42 C J
v
7V,V
6%
6%
41%.
15 %!
17%
116 %(.
116%
7
*40
;
8%
.
41%
42%
*%
1
14%'
15'/a
17%
8%
*40%
%
32
10%
26%
*41 y4
;1,700
35%
32
•;
Bon
i
10,700
35
•
-
i :
4 ••-,
;•
%
*18
18
■-
41
,
2V,* Jan
„No par
No
Bohn Aluminum
tl20
.
29
27
.Boeing
240
32%
•••;
10%
263/4
t
273/4
283%
Vx
33
..10%
95%
32%
.35..
*31
V
>
10%
Mfg Co
Co__
Blumenthal & Co preferred.;
.7,900
1,500
;.;:;*3%
;
33/4
35
2T
Decker
Year
Highest
$ per share
No par
Bliss & La/ughlin Inc
:Bloomlngdale Brothers
40
48'A
...-.
/• -">27%
42%
Vat
.
42
8 '/a
►110%
32%;
10%
26 3%
40%
1
321/a
26%
*40'A'
%.
36:
: 10%
:
41%
% V,
'
10%
26."
X
33A
>
36 r
32 '
32
•!
X: .:>
33/4
35%
42 %:
41'/a
14%
40 ><
:'17%
.
'
■
33/4
3%', rr;
*33%
27%
*39
15%
*40
>
10% 7103/4: :
!'?■-
42%
41 '/4
31/2'
35 3/4
32 v'-l
.
32
32%
10%
27'A
271% -27%
*
,
4
3%
35%
:
-
95%
29%
333/4'.
I/ 4.-;
*35%
*
271%
28'%
;
45
48
■
32 Va
>>
33%
4
'•
100
1
10
15%
■j. 45 •?
28%
26%
(
;
98
15%
45%
*47%
.*
18%
Par
Blaw-Knox
Since January 1
Lowest
Bigelow-Sanf Carp Inc
Black
Range for Previous
Rang;e
,
>
/ '
6,700
15 1
i'1
■*95
.
STOCK
'
'
;
;
YORK
EXCHANGE
500
9Va
*17.
98
NEW
1,800
■;
18 Va
'15
15%
> ,',*95
f
32%
8%!
H
('18
45%
95%
•;.'
-i
32%
for
Shares
per share
18%
9%
.
*15
95
$
S-■".•■/'
Sales
the Week
Aug. 6
.
18%
*17
15'%
95'%
49
>
93/a
45%
1
46 3A
45%
.-
33
*173/4
.
18%
■
*173/4
•"
share
per
; 32%
18
8%
18%.':;
*17
98
.
33%
173%
9
9
93/a
33
18%
$
Friday
;
.
.
S per share i
33%
*14
'
100
7 153/4
33
*1734
STOCKS
Thursday
Aug. 5
Aug. 4
:.
RECORD
prices
Wednesday
-
>95
15%
*95
sale
share
per
18
18
high
Tuesday
Aug. 3
Monday
Aug. 2
July 31
$ per
and
547
4
Oct
'
■
4'/e
y
43/a
♦54
35
4%
58
36
9%
•f.
36
y
3%
3%
14%
79
•
35%
,9%.,
3%
.
3%
14 / !!;'•":
133/4
14%
79%
20
79%
78%
78%
20'/a
20
3%
j
20
'x; 20
...:
,
3%
14'A
;
35%
>
,
..
3'/+
.
:•
3%:
143/a:;;
13%
M'/a
78%
13
:
19%
3%
'
:
19%
/
19%
(:
*25%
26%
t
,541%
5 41/4
s
26%
?»■
54%
/:
*53%
;
1
2&3/4
54
16
16%
:,33.>:
15%
.;
9%
9%
9%
7-%
15%
9%
.
73%
••••'
*43'%
43%
*94'%
7
,
15%:,
•/;■■'>■;..
15%
22%
33%
33 V4?
*25 %
9%
,
,
9%
43%
;
9%
43%
106i%
48
111%
*105%
,7%:>
23
-'4
*33%
•;
128 :
X :
.1,300
22
34%
87/a
i
>;9'>
44 .; »'•
116%
116%
13%
12%
x;
431/2
*6%
28,000
-6%
943/494%
*25'%
27
27
,.
41/4
107%
107
125
125
108 %
48%
353/4
363/4
*105
116%
36
107'A
48'/*
36% ij;
♦105%
126
.
•114
116
35%
107
1253/4.126
114%
123/4
108%
/ 140
48%
36 'A
••
.
*105%
1143/4
4,800
.
127'A
^
*113%
i
1.15
13%
12%
13
13
13
12%
12%
18%
19
193/4
193/4
19%
19%
19
19 %
260
19
19%
19%
19%
19%
19%
19%
7%
3,900
19
19%
12%
203%
2 3/4
.* 2%
108'A
'-•*
2IV4
20
37%
6'%
!
10%
20
••'5%
U>
36
363/4
,
23/4.
11 Va
6%
10%
11
*104
36y4
/Central
40
Central
10 »A
10,300
20'/a20%
3,000
10 'A
o-.
t
*53/4
:
6%
*104
.
;29'%Jan
2%
Apr
7,
44
Nov
21% July
3% Jan
2
6 % Mar
68% Dec
95
Jan
10
17
/ Deo
10%
Jan
*'
r
"
Nov;
5%
Jun
7
11%
Jan
9%
Apr
r
Mar 31
11% May
47 3A July
2f
3%
22% Dec
i
53 % Nov
i
1'/* Jan
!
163/4 Nov
7%
Nov
15 Va
2T% Dec
7
•.
21
Deo
33
,
Aug
Jan
Jan
^
„
97.r Apr
25
7% Nov
*
29% May
l3/4
6
8
'
32
77
Apr
22% July
123
38'% Deo
.
89
Jan
"
2'A May
54% Apr
May 10
144
11
y 127% Jan 21
Feb
43/4 Nov
Apr
31'A May 29
5% Apr
6
8
371%
Feb
46'A July 22
96'A July 24
7
3 Va Jan
77'/a Jan
'
...
2
40
100
7
38
•;«.
*X85
Jan
5 25'/4 Jan
100
;
Jun
Jan
"
* '•
4'/2 Jan
-
Apr
%
1
24% July 14
,
9
30'A Jan
,
10%
503/4
Mar 27.
9'A Apr
193/4 Apr
23
6% Feb
5
107
July 13
117
28% Nov
3 % NOV
•
;
78
Apr
Dec
130
Jan
30
6.-,
4,200
6%
4%%
■:
1
8'A Jan
2
par
No par
16% Jan
Deo
100
:
No
97%
Dec
Apr
120%
Jan
77
Apr
97%
Deo
Aug
8%
Deo
117% July
6
143/4 Apr
5
21
23% Jun
7
.
Apr
1% May
3
12
18 % Jun
23% Jun
90
5;
2
7
7
98
100
10
3% Mar 12
1081/2 Aug
A;
Jan
Jan
x33
/
6%
July 16
Jan
3
100
6% prior preferred
Apr
110
3
1
Deo
82
July 16
13
;
.
:
par
29%
July 22
2
97%'Jan
:
Apr
42% Deo
128
12
1% Jan,
L
—
15
25
.
108
.
18>/a July 31
preferred—100
Preferred
"2,190
4
;—20
cCerro de Pasco Copper——-No par
Certain-teed Products
1
3,200
561/4
55
No
new
Violeta Sugar Co
Century Ribbon Mills
%
26
96 Va Feb
40 3/a Jun
7
95'/2 Jan
119 ; Jan
y
.
54% July 19
21
263/4 Jan
100.
100
Foundry: Co
111 Lt
40% Jan
100
Central
10
J
—No par
No par
JCent RR of New: Jersey
t
200
36% .<36%
.
57
.
?•,
,1
Central Aguirre Assoc
2,400
61/8/
561/2
3,200
2%
36'A
.
19%
108%
-•,.:
.6%,
§}/&
4
par
1
Co
Celotex Corp—
5% preferred
23A
;
107:
6y»
56%/
Oct
Feb
;1% Mar
;
;15'/8 Aug 2
13%'Jan 13
100
2d preferred
*1071/2
.
211/4
5 3/V-
36%
6i/a
55
:,2%
108 y2
...20y2
107
38%
ey*
55%
13
♦107%
20%
*5 3/4
*104
6
/
10%
i't
107
54
6%
56
934
108%-:.
20 %i
>:
6%
*104
37%
6
533/4"
.
9%
19%
106
V- 36%
6%
55%
23/4
*107%
6%
*104
54%
2%
108%
2iy4
";v *5%
106
36%
10%:
9%
;.
6%
106
107%
2%
108 %
23/4":
107%
>
6 % Jan
—
1l% prior preferred
i
140
18%
*23/4
,
10
Celanese Corp of Amer
5% series prior preferred;
230
19%
10%
(J I)
2
>'•
Caterpillar Tractor
107,
*126
,m
18%
'
24%
'.. 6%
Feb
56
% Jan
100
,:
Preferred
,2,700
20
♦107'%
Case
i
260
'
«
Jan
43/4 Sep
19%
30% July 13
\523/4 Jun 24
No par
■_
5
^Carolina Clinch & Ohio Ry_;
1,900
«
7
50
—No
Carpenter Steel Co
.Carriers & General Corp
800
22% Jan
y
par
•.
Mills
$3 preferred A-
t.
90
J
18
July 15
5'A Apr
,_1
5
Capital Admin class A
600
...
Sep
831/2 Apr
ft
25 % May 20
;
•
Feb
"
48%"
48%
140
y,'f.y
r-J'
3'/a
40
,18 % July
9
23:
Cannon
120
4%
108'/a
;:V
140%.
:
28
Jan
Canadian Pacific; Ry
:
400
18%
6
No
300
t c..:
943/4 1- 95
•*4'/4
108 Vz
'
% y
44
*26%
.
108:
140
*125
*43 ya
1
..
140%
48%
t
.44
28 ;
*4'A ,/:;4%.
4y4
107%
36
*105
.*43'/2
140%
£
144
116
*43'A
V
7
27
48%
116%
*6%
94%
35
107'A'
.
*94 Va
473/4
125 H..
*431/445
7
44
41%
*1401%
v
>u
36%
125
1
.
107
7
48
7*105
*6%
16
a
Calumet «fc Hecla Cons Cop;
Campbell W & C.Fdy—
Canada Dry Ginger Ale
-tCanada Southern-Ry Co—
70
:t;.
par
;
8
Zinc-Lead
;
6,900
:
.
Packing
preferred^,
t5%
Callahan
5,600
1,
20
.' -*•
.California
;
.7,400
.71/4
*331/4
No
Jan
'•>'
427/a May 4
10% July 15
5
72
y
■
2% Jan
3
2
9Va Jan
■
..
100
May
4
29
6
2
27/a Jdn
par
75
6
514' Jan
20% Jan
y
,_5
:
—Wo
,
6
21'/a Jan
10
^^30
(AM)
»Jan
6% May
■•■
280
15%
,
41
.
100
:
Participating preferred
Byron Jackson Co—
.3,400
.
7'/4
91/4" •:
v
1
IVe
■
•22, X
34%
9%l
■-
.*15 3/8
.
*43%
41%
108
•;
» 35%
107'A
*125
13
*25%
4%
47%
x
37%
*115
'
t
16'/4
22%
94%
*94i%
r
*140% 144
48%
37%
.7%
*15%
..
9%
44
7
43'%.;, 44,1
7
26%
4'%
107
144
ft
44
26
4%
"
*6%
*94% '95
27
*140%
7
*43'%!
95
4%
.
231/8
33
,
16
22
43%
:
6%
44"
.,
543/4.
•:
./'■■•vT
7%
'
7
26%
iy«
<
*32%
v
*25%
54%
:,
•.
preferred
.
,y ;■*
.>>44
44
54-
■
21%
(
33
*32%
;
26%
7
16
22
; 21
33
253/4
54
.
1%
7%
22%
26%
54
;
,1
7%
21%
.
26 V*.
54
X/rXl'-;;
l'/a
'■•■>:' 7
25%
54
Byers.Co
60
3,900
:
26
•
!
100
5% Jconv preferred
.Butte Copper & ^Zlnc
4,400
-78
1
—J
/
.32,400
%>• 13%
*76
760
700
t.:
Terminal—
6% .preferred
Bush Term Bldg :7 %
Butler Bros
3,500
:
28 >l
iBush
20
i
9%
^
3'/4
78%
193/4
yy
35,
9%
■
7,200
>
58
*271/4
20
20
34
9%
273/4
27%:
—
4%
*52
78%
*78
X
*35i/8
27%,,,
.
4
58;
97/a
X27'/2
i
■
4
*52
353A
>;V x9'/2
;
28
4
58 t-Vv
:
35%
9%
*27%
37/a
*51
13%
79
20
i
v
4%..
4
>:
58
34%
'
28
*3%
i-
*54
;.
9%
>
.28
4
3i/2'
.
37
9%
28
14
54
9%
.
28
4'A
•
54
1%
11
7% May 13
113'/2 May 10
Mar 19
41
Jan
14
Apr
2
73/a Jun
4
8
65'A Apr
Jan
i
82
1
Nov
110
Jan
3%
Jim
18'
Oct
Jan
3% Nov
July
27
,t:
Jan
2%
;.
2'A Apr
8
3
Jan
32'/2Jan
23%
1
Mar
Jan
104
1
35
.
1% Apr
23'/4 Jan
3%
Deo
Oct
Nov
32% Deo
'
*183%
18%
*201/4
108
183/4
*183/a
*17%
21
21
*107
108
;
18%
*107
21%
*106%
21
>.
*18%
21v
!
18%;.
21%
'
108
*107
.,*18%
99
21%
lOasi.
,
'
187/a
'
185/8
-
22.::,.:
*107'/a
18%
"20%
108 ■/
22
100
.V
:
'•/ 106%
106
Chain Belt Co
500
.6%
28%
28y» ? 29
28
: V 29 V
29%
29%
*28%
,29'/a
27%
45
45%
441%
44% t 45%
453/a
46%
.■..45%
45%
:7 44%
45%
*108:2,
109 Va
*108 37a
109%
800
*7%
71/4
7i/a
71/4
3,900
123/4
12i%.
123/4
"5,700
.'4%-
4%
43/8
.5,000
r
17%
17%
173/a
6,500
13%
13%
17i/a
17%
ft
108-fir
7%
vi
45%
108
108 A
7%
7
'.'12%
4% /■ 43/4
12'A
1C8130
ft-
IO81/4
7%
7i/a
12
12%/;
4%:
r
AVa
108ft
7
7%
12
;■
13%
4%;
108
7%
12%
4%
12%
4%
.;
12 VA
4%.
:
,
•/;; .4%
173/4
18%
17%.
18%'
17 Vav
17%
17%
17%
13%
12%
13%
13
13%
13%
14
13%
12,000
15,000
v,
•
*40
173/4
423/a
17
v-r
>•■'.
17%/
17
39%
*52
53%
393/4
53% : 53 %i
*141/4
143/4
14%
,
*38
"•
>
17%
Va
39
53
16%
15%.
■-7.
3
29%
29%
76%
75
2%.t
'
>
*27
75%
15,
1023/a
*42 b-v
6
*33 %
15'
48.
V;*43.
6%
.
6
33%
51%.
52
14%
14'A
16 'A
16%
16'A
1.6%
16%,
3 &s
30%
76%
143/a
"14%
1
.
34
%
*61/8
140
*70
80
*68
80
*115%
'
117%
351/4
•
110
,*106%
110
*90%'
92
*903/4
92
*523%
55
*106%
38
38%
37%
*145
117%
*64%
55
*52%
4\ 373/4
37%
148
r
119
»*114
64%
•
145
f'H
*90 3A
55
,i
-
37%
21
*108%
23%
•111
16
9%,
9y8
8%
*820
21%
109
:
.i, 108
24%
148
'
♦145
116 Va
114
*64 y»
;
65
r.
L-
9
C
22
For
■;
footnotes
•
;
,
-y
16
91/4
8%
r,
221/8.'
page
23»A
115%;
15%
.-
21% r213/at..
see
23*4
.9
'9'A
*21 y8
108
*111
;-
91/4
9
2034.
,
108
16'A
*8%
8%
22
;
■
9
9y8
22
114,
15%
93/4
20
.
233/4"
*111
16%
■V* *820 v
108'A
23%
114.
213/4
.-,v
555.
21 %
•
9
"8% "
21%
.
•
55,.
38s/*.
.
363/4
116
20'A
108
24
65
V
"
-
*111
_
•
20'/*
'
'
24
115
157/a
10
10 y*
9%
9%
8%
9
213A
21%
*213%
21%
22
/-76%
17,300
143/a
-14%
II,500
*y, 1041%
80
-
;
*107
91% -,
-1*91%
55
36
148
148 ii.~
*145
115
Clark
C.
55
•-
:
.5
2% Jan
2
?■
7% Jan
7
17% May 13
2% Jan
.6
15% Sep
14% jun
•93
89
.
18%
■!
152
114
*64 y»
■i
,
1,300
,
64 3%
J 70
*820
.-••-.19%
20'A
,*108 /-
,
f V
109
*24
24 Va
10'A
>.♦91/4...
.
153/4
10%:
10
v
9%
-
23%
115..;.....
153/4
aCJ'>
,.143/4.
108
60
*111
;
15%
20
108
•
9,400
;
23%
115
>153/4
,/ 580
1
4,000
—
2,700
•
preferred
/
Oil
'
9%
30 3/4
98
Apr
2%
2% Jun
5%
i.
No
i
:
Equipment
C.
& St.
No
Louis Ry. Co
preferred-—
^Coca-Col* Co
tClaja A
(The)'
1-.
18
67% Jan
Jun
3% May
7
10 y4 Jan
2
963%Jan
100
.27
•
10:
'
2% Jan
133/4
■?.
Sep
7'/» Nov
July
8%
17% Jan
393/4 jan
Jan
1
52
Jan
11%
.
Nov
133/4 Feb
1
Deo
20
4
i
Apr
;
vll'/a Jun
May
67
lL-
2'/* Feb
Jan
142
-
par
88
par
Oclgate-PBlmolive^Feet
t$4.25 preferred—-i
CoBlna A Aikman—
eon?: preferred-
Colo Fuel As Iron Corp
4*
i
1%
••
---No
>
par
—No par
V
100
150
Oolumb Br*d Sy» Ine cl A—i—2.50
01am B
2.50
Jan
\3%Jan
2
-
15% Jan
8
May
»102
25%
139
i
Jan
140
Nov
92
i
Feb
11% Mar
Jan
36% Jan
56% Mar
55%> Jan
470
50
44
Apr
Jan
Dec
Deo
841/4 Ma*
V
732% Apr
■
Mar
Nev
63% Jan
Feb
470
>
17%
Nov
97% Apr
107%
Deo
28% July 15
•
10%May
18%
111
Apr
13
19% Juy 14
4
6
2
Jan
22% July 14:
2
3
Jan
15% Jan
July 20'
72
31%
77ya May
>47
Deo
II21/4 Nov
May
953/4 May
Jun
125
109% July 17
2
'
}
22
Ap*
39% Nov
67% Apr
107'/* Jun
1'
123
July 1A
65% Mar 5
V—
"J
:
4
7
14% Jan
:2%Jan
106'.
preferred—
:—100
Set preferred———
100
17% Jan
7
3
Dec
40
12
108
No par
1st
103% Jan
120
53
July 12?
48% Mar 30'
;
62% Jan 11
—
'
16% Jan 11
—No par
±J-No par
18
.,91% July 14
May 13
' Jan
4
——No
Jan
106%July
6
34
t
Mar
74% Jun
37% Aug
3
33% Jan 12
10 3/4 Aug
99
Aug
Jun
116% July 27
38%. July 26-'
'<
23
Feb
Oct
28
Jan
70 Vi Deo '
;
May
2%
7
130
7
84
92
25
Jan
32
JUly 22
39% July
13
50
i
•
9
July 15i
8% Jun 25
Mar 17
Feb
2
101'/4Jan
43% Jan
53 ;.
109% Jan
4
28% Jan 22
par
853/a Jtily 15;
105
13
Jan
6;
15'A July 24
10
33
123
par
32 '/a Apr
4
Feb
23/4 Jan
.
——No
Coca-Cola Intern Corp
t
Feb
8% Nov
Jan
Aug
33
/.47
153/4 Apr 30
4
-5
100
Colorado & Southern—
2,300
13% Jan
12
1.
par
—No par
i
: 600
May
May 27
2
100
1,030
22
l3/». Jun
5.
41
54
30
100
No
(The)
1,030
21%
Apr
8
Jan
l3/8 Jan
;
100
preerred
3,030
2.17%
r.
5
Preferred
H
22
48% Jan
6
11% Jan 12
.37
100
Cluctt;P«abody & Co-
;..
6
243/4 Jan
gtd—50
Special gtd \% stock
i
50
Molybdenum—No par
«
4%
Jan
Deo
r
15'/8 Jan
par
tciev & Pitts RR Co 7%
:
83/4 Jun
15% July 23
Oct
Oct
"•
9%
21%
•:
.
,7'A May 12
2.
21%. Jun
Jan
25
1
10%
22
'
10
-———-No
101/4
22.
...
4
4
10% Jan
.6
-No par
No par
-
10'A
93/a
:•<)!•.
:
10
.
.
;
5
.Climax
5,700
,
C.
5%
{
4;800
conv
50
Jan
100% Nov
Apr
%
X
19
i
Apr
5% Apr
27% Apr
;
9'/a May 11
:
1
Clev El Ilium $4.50 pfd
(j,
y
.
'
.:Cle? Graph Bronze Co
50
39v*
111%
.
65
1
.'361/4
-
600
•
t
92
*52%
36%y
.
July 22.
50
July 23
108 A July 31.
95 Va Jan
50
Co!
6 Va % preferred—
iClty Investing Ca
City Stores
30
Xv
110 1
j,v
38%
22
;
—_
117%
-C.
Copper Co
Chrysler Corp—
yctty Ice & Fuel
—.
35% ^.35%
39 **"■
.22
®3
800
v
80
*115%
38'/a
9
;
July
' May 17
34
8% Jan 13
,33 3A Jan
2
tPr/pf ($2.50) cum. diy—a_Wo par
Chicago Yellow Cab
No par
:
*52%
.
2,800
140
*651/8-
-
110
♦111..
8.
108 i
40
Chile
—
6%
i
/Child® Co
60
48 J
35
*130
*820 %
.
157/a
8%
21%
75%
35
36 n
.♦64V4
-
108
20
363%
.
24
8
par
j.
Chickasha: Cotton
.4,900
115 '
148:'..
*64i/e
♦820
31/4
6%
117%
107
-,.
6
5
12
y
.
600 y:
30%
-
V-
'•
:
I,400
,*42%
140
91%
36
*114
21% 1
*
38%
*144
r
64%'
;
20%.
*52%
l'
163/8
♦102
/■
g
35%
-
*35i/».
92
th
•
;:j
6%
*115%
...
110
.:
36 V*
,48
*65'/8
36-
*903A
38%.
36
■
80
117%
*106%
•
*130
'*35%
V ;
•
116%
64,%
92
*52%
V
-
*35
25
No
-Chicago Pneumat Tool
*
140
A
:
100 >.
i
Chicago Great West RR. Co.
190
,
.
13%
v *26
143/4
6%
35
-
Class
•
-5
;
5% preferred
Chicago Mail Order
430
.
511
3>/8
r
io4_. v
*42%
x.
IB3/*
*.
31/4
••■•IT
♦14%
..
/:
2,100
13%
..30%.
...
104
63/4
♦65%
—
*820 •%.
v.;
,-76%.
*115%
35 %:
107
./ ••;
145
35
*130
116%
*33%
:Jv
36%'
6%
*106%
-
38%-..:
36,
48 U,
80
116%
i\
353/aS
*26
78
14%
143/4
*1011%: 105 •'/
48
:*,*42Vk
35
*70
7
3'/a..
30%
77 y8"
140
*130
363/4
.73%
'■>
6'/a
*341%
*130
118
i
*26
•f
104 fr
*101%
.,*41
140
'353/4
3
Mfg
Chic & East 111 RR Co
./v.?.'y.'
f39
51
14 y4
♦130
*115%
39
52%
75
48
s
*38i/a,.. 39
52%
*14%
*26
-
14%'
6%
39
:v
-
103
103
35
<
763/4
14%
'
103
•
>
17%
143/4
2%
30%
1
*38 '/a
53 C
17.%.
16%
leva?
:
2%
ft
17%
*14%
*
143/4
1
16%
*23/4
17%
Cab
Chesapeake & Ohio Ry
i
Preferred series A_
3,100
.
v'"
173/4
Checker
1.93/4 Apr
Jan
99%Jan
18
100
J
•
17 1/2
13%
28
17% Jan
par
—No par
preferred—
i.
13%
108
7
No
.Cham,Pap & Fib. Coy.
20
28%
14% Mar 15<
:
'
-
12% May 12
2 >
12% Apr
96
May
13% May
% Apr
1
May
% July
108
Oct
Dec
18% Jan
•
4%
>
51/4 Sep
5
Sep
Sep
24% Jhly 14
8%
Apr
16 %
Dee
24ya July 14
8%
Apr
16%
Deo
THE COMMERCIAL &
FINANCIAL CHRONICLE
NEW YORK STOCK
Saturday
Aug. 4
4 per
3%
share
U
3%
Sales for
Aug. 6
.the Week
Aug. 5
7
per share
3%
65%
$
share
3%
4
3%
$ per
$ per
share
3%.Y.2*/f"
><3%
3%
66%
64%
66%
68%
69%
69%
67%
•63
67
63
63
*61%
63
63
63
64
64
92
92
92
93%
*92%
95
69%
*37
*37
39%
39%
38
c
41%'
40%
13%
13%
>i
25%
;*8%
9
v
21%
22%
20
43
14%
13%
II
%
11
63%
25%
25%.
8%
:
8%
22%
•
19%
19%
•111
,19%.
19%
•
22%
-
-
„8:'-.
-20
•
104%
T~4%
1%
22%
' 274
15%
15%
•
5 -v-v
15%
5%
22%
22%
12%
12%
13
12%
•
11%
11%
*35%
11%
377/a
102%
20%
108%
22%
213/4
22%
104%
A 103%
V
22%
143/4
22 3/8
*11%
♦35%
102%
102%
12
*19%
19%
19%
19%
19%
9%
8%
8%
8%
9
107%
106
106%
105%
33%
32
.
19%
32%
12%
*12%
12%
12%
33
46%
46%
46%
46%
5%
5%
5%
5%
5%
5%
53/4
323/8
33%
32%
33
33
34
33%
34%
323/4
34
24
24
23%
24%
23%
23%
*24 Va
25%
25
13%
13%
13%
13%
12%
52
52
*51%
52
*51%
■
44 3A
44% P 44%
57%
57%
57%
44%
5
5%
2%
5
5%
2%
,'</ 2%
58%
58
♦180Va
5%
v.* 2r.::
2%
777
7
182
5
5%
2%
5
2 ,T
2.
183
182%
182
*180%
5%
*2
2
18%
19%
19V*
19%
19%
19%
19
105%
105%
105 V*
1053/a
*105
105%
20%
*20%
203/4
21 y4
21
20%
19%
20%
19%
19%
25%
25%
26
26%
26%
27 <
27
43%
43%
43%
43%
43%
43%
20V4
•19V4
Internat
26 %
15%
14%
15
14%
15
15
15%
15
15
15
97
97
98
99
98
98
98
99
99
99%
99 Va
32
32%
31%
33%
31%
32%
32%
32%
313/4
32%
31
77
:
i
A 76
78
76
76
<17%
17%
17%
17%
11%
10%
12 %
•113
*17%
11%
78
*75
:
A- 27
'
102
>
♦23
"113
17 Va
11%
5%
•*
3,600
'
440
3IV2
7,200
600
75
19%
11%
11 Va
13,900
—
'
'109
114
•114
115%
105
'101
103
*101
980
<
105
2% Feb
V
23
5 ? 23
.*23
110
•65
67
67
^
♦106
17%
23%
110.
5%
*64%
65"%
*65%
32%
33%
33 V*
5%
*23%
-
23%
♦106
-
110
5%
333/4 Jun
89
-105
67
70
35
35%
7%
7%
7
7%
7%
7%
7%
20
20%
19%
20%
19%
20%
109
-*102
105
•*95
24
c
21%
:f;
'
:
*103
109
♦103
109
*103
*95
109
105
105
*95
105
*95
23
24
:
16
Jan
;;
22%
23
22%
7
.A
■
;A
6%
*6
■
193/4
*18
143/4
.14%
50
8
2
i
7
:
45
Jan
20
176 :
6
Jan
*112%
6%
*18
Ai 14%
113
'6%
14%
♦112%
113
18
14%
113
*112%
17%
7;.776:V/
*18
19%
14%
6
19%
.
V 14%
15 77/
113
*112%
*5%
6%
*18
v a ■?■**;
14'/a
A^v.14%
113
'112%
r*112'/a
*18%
18%
*18%
19'A
36%
35%
36
35%
36%
36%
37%
34'/a
34 Va
34%
34%
34
34%
34%
34%
*34%
34%
*18%
19%
*17%
19
*173/4
20
18%
13%
13
6%
1%
19
*17%
,
•
•
Records
34%
34%
6%
7
1%
1%
1%
20%
20%
720%;
20%
47
*42
47
20%
47
.20»
.
20%
♦42
•:
*43
47
4
Jan
2
Aug
Jan
>6
7'
Jan
7
Jan
9
Feb
-
1
14
8,800
7
23,800
*1%
1%
20%
20%
*42
"
Delaware Lack &
tDenv
28%
29%
29%
30%
29%
30%
30
30
1,050
Devoe & Raynolds A
30%
30%
30%
30%
30%
301/4
31
29%
30%
1,300
Diamond Match.;
39%
39%
39%
*39%
39%
40
40
40%
40%
40%
40%
900
•12%
14
13
29%
29
29%
*95
96%
13
13%
13%
*13%
13%
13%
13%
28%
28%
28 Va
285/8
28%
28 %
96%
96%
96%
97
*96%
14
14%
*14%
15
14
14%
13%
13%
*13%
14
433/4
43%
43%
43%
43%
43
43
*43
43%
43
43
160
26%
26%
26%
27%
27%
27%
28
:
28%
28 Va
28 Va
28%
28 Va
1,900
193/4
20%
19%
20%
20
20%
20%
20%
20%
20%
20
20%
5,300
60%
61%
61
60
61
61
61%
60%
603/b
60%
61
5,100
,
60
136% 136 Va
27%
135%
28
25%
v
136%
t :
136
27
26%
*7%
7%
7%
7%
11%
*11%
12%
11%
122%
*118%
122%
*118VB
•118%
145
*128
118%
118%
143
129
144
*127%
8
;
139
140%
28
28
*7%
.11%
'
136%
28%
7%
11%
122%
*11%
♦118V4
7%
12
122%
139
139
27%
*118%
273/4
/
7%
7%
11%
.
*118 %
122%
145
144
145
146%
147
146
146
144%
130
•128
129
129
129
*128%
130
*128 Va
*116%
118%
*116%
118%
118%
118%
35%
37%
35%
i
118%
118%
118Va
'
103/s
Apr
Jun
14%
May
63
26% Jun
Jan
-
89%
Nov
10
133/4
9
Jun
13
May 21
90
95%
10%
100
2
4
9% Apr
8
24% Mar 29
18
4
Feb
Jun
'44
Jan
Jan
Jan
80
6
Oct
9 Va
25%
'•
Jun
10
Oct
Nov
20%
.
5% May
29
Sep
Dec
32%
13% May
12
July
Doc
2
Jan
May 10
95
Jun
13% Jan
Feb
81% May 10
263/4 Jun
Jan
Jan
■
I!
37
100
*
140
Mar
/
Nov
84
-
83/4 May
7 5/b May 10.
Sep
88%
74% Jan
7
Jan
12%
•
Jun
20% Jun
Nov
A
Jun
88
July 14
106 V* Jun 10i
Deo
20%
•
Jun
8%
5;
11
9%
Apr
233/4 May
Deo
41
May
10
Dec
Nov
16%
Mar
77
Nov
98%
,
5% May
14 %
32
Nov
%
-
12% Jan
-
Oct
3%
Apr
85
170
:
.
hi
2
•.->
12%
95
Oct
Jan
81
Nov
Jun
18
Oct
K';
273/4
f
122 %
'
i
400
;
145%
;
.
f
130
I-.,
2,600
100
118Va
.
110
7
15 Va
Jun
5
8
Aug
20
116
Jun
8
102
Mar
11
19 Va
July
4%
July 24.
43
18 '/a
1
5
36 % July
12
Jan
2
83A Jan
2
20% May 19
173/4 May 5
3% Jan
2
103/4 May 10
9%
% Jan
5
167/a Jan 12
40
Mar
17% Jan
26
Jan
par
37
.
;
Jan
1
7
6
6
8% Jan 20
21% Jan
8
83 V2 Jan 13
.10
Jan
2
18
3 % Mar
1
1
10%
.
Jan
Dec
27%
Jan
Nov
13%
/
Dec
30%
Apr
7
Oct
Nov
110
25% May
12
'
;
Apr
Apr
6
Jan
Jan
Nov
11%
/
Oct
4%
Jan
1 Va
'
2% May
3*2 Jan
Sep
:;i; 18%
Jan
22% July 14
14%
48% Apr
30
37
Oct
87
Oct
Jan
21
Jan
Apr
27%
Jan
Aug
35% July 12
14
33 Va Mar
8
18
40% May
13,
,
Apr
33% Apr
89 Va
17 t
6% Aug
16% Mar
9%
97
70
May 10
31% July 14
Aug
5
16% July 15
No par
38 Va Feb.
45
July 12
No par
No par t:
No par ►
223/8 Feb 20
15Va Jan 20
56
Jan
5
33
May 20
130 Va Jan 12
16
Jan
8
5% Jan
5
9.
Jan
4
115
Jun 24
1343A Jan
8
125% Jan
8
117V2 Jan 13
153
No par
Dresser Mfg Co
No par
Dunhlll International—,
-1
Duplan Corp—
No par
8% preferred
100
Du P do Nem (E I) & Co
20
$4.50 preferred
No par
Duquesne Light 5% 1st pfd__._100
17%
12 %
Jan
3
19
19
26
:
Deo
Apr
Mar
2
29
25
A
2%
May 24
9
par
Dow Chemical Co
500
7%
5
Jan
12
Jan
1083/4 Jan
10/ Jan
17
*
1
100
No par
Dome Mines Ltd
Douglas Aircraft
3,500
^
'
preferred
partic
Class
\
■
3% Jan
8/
50
.No
-
Doehler Die Casting Co.
1,400
I-
■
12
♦11
500
;
138
138
27%
*7%
11%
;
Dec
•
/a-'
'\f
T Motor Car Co—.
-2
Distil Corp-Seagr's Ltd
No par
5% pref with warrants
100
Dixie Cup Co....
No par
400
97%
*13%
14%
*42%
;,7
Jan
Deo
58
2
157/a Jan
Diamond
2,900
97
6%
1,300
28%
i
28%
*96
61%
37%
Jan
Feo 26
Feb 10
Jan
Apr
2
9tj
84
Dec
Nov
12%
Apr
2% May
July 15
105
27%
Apr
6% Jan
'
'
96%
8
Jan
Deo
21%
r-
Mar
159
82% July 20
21% Jun 11
113
83/4
4% Nov
.
42%
46% July
3
16% July 14
99% Aug
61
14% Jun
28% Deo
'23/4
23%
7
19 % Aug
;Detroit Hillsdale & S W RR CO..100
28%
133/4
K
,
Jan
Apr
Apr
45
Oct
Dec
:
Apv
8%
17
-100
__20
Detroit Edison
7,500
;
47
30%
/29%
17
50%
/
30Va Jan
100
Western
6% pfd
West
& R G
28%
*95
5
Jan
103%
23/4 May
July 27i
Apr
Jan
5
Apr
6
'
8%
IS3/*
/•
Apr
47
Oct
Nov
Apr
10
Delaware & Hudson
500
31%
14
.
96%
Sep
20
29%
'
4^
Jan
Jan
par
1
No
283/4
39
77
5%
38
•
>
11% July
2% Apr
23% July 27
2.
•
/
May
l3/4 jan
25/
Inc
31
;
-
Preferred
20
63/4
14
7%
20
82
303/4 Jun
6
Jan
18
'
:V-
Delsel-Wemmer-Gilbert
*17%
133/4
13%
6%
13%;
;
& Co
*1%
13%
113
Deere
1%
9
4% Jan
:
303/4
API
Nov
9, tJan
—
6
May 17
2% May 22
Jan 15
100
•
No par
Davison Chemical Corp (The)
Dayton Pow & Li 4%% pfd
2,900
Decca
7%
7
.
14%
800
13%
Jan
%
»
~ss ■■
33/4 July
223/a July 14
10 Va Jan
1
i-.:.'".
800
6%
Jan
"I
23% Mar 12
92%t Mar20
'
.....No par
1
Pavega Stores Corp:—
Conv; 5% preferred
8,500
*1%
Nov
i;
1%
106% May 29
3778 Jan
.5
D'
■-r-1
j
,
36%
12%
*43
-I
^
"
18%
1%
47
300
Jan
16%
<
Apr
21%
5
9
-———100
No par
Cutler-Hammer Inc
35%
7%
.
3/e Jun
4
2
105
;
'*^7%
;-i94
7
/
61% May 21
183
Aug
6
.18% Jan 12
<
No par
18%
13%
Deo
i
.
Apr
8
.4
100
No
363/4
:
Jan
•'
■
Sep
28
Jan
IIV2
81V2
/31
;71%
9%
•
73%
Inc-.-—
->
78
15
16 Va Jan
95 ;
<
100
preferred
18%.
6%
•20% "21
*42%
*17%
19
Jan
3%
18%
■
,
-•••■•11.% Apr
•
2 ;
14Va Jan
/
'
5% % conv preferred^--.i--—^100
18'/a
12%
s
6V8
233/4
w
'
-Apr.
15
1
2
Jan
•.
25
36
-x%
i
7%
1%
/;:>
: V/
2,900
■19%
193/4
14'/a
35%
*18
.
4;
37% July 15.
27% July 2
>
2
27/a Jan
:
1
$8 preferied
v.
atH'. >
*5%
'
i
'
•
2
15% Jun
52
2
53% Jan
,
Jan
37
'
25
Jun
49
18% Jan
20
Sugar
'.
.
.x93/a Jan
.
Cushman's Sons Inc 7% pfd—100
—
23%
Jan
».
7
"
t6%
•;<*18
,
"t
Oct
Jan
44%
-
Apr
7% May
2--
25J/a Jan
5
preferred---*:L-.--.i-.100
Curtiss-Wright
Class A
6,000
Half* Mi;.-
,
Dec
10%
14
36% Jun
7-,
Jan
8
5
Prior preferred
105
23
•p'Ole?.::'.
s\'
Jun
.
110
7
.No par
Preferred
35,700
109
_«,*85
...
23%
233/4
...
VvC:/^;5
7-
July 24-
11% Jun
5
4% Jan
-—----.100
Curtis Pub Co (The)
230
7%
NOV
34
,
53% July 29.
38
.7
.40% Jan
1
preferred
4 Va%
.
5,700
20
105%
LYa. Jun
12Va
■
Dec
Jun
17% Apr
-
5.
103% July 21
233A Jun
7.
6
•
26 Va Jan
.
-
1
Cuneo rPress
—
72%
?c/»103
105
'
-a
12.
29 V*
V-
21% July
.
20^ v/i
3% May 12
6
.
Cudatiy Packing Co—JO-/
67,500
37
v
20
v
109
,
'•■'f'-y'?.■'T>*f't
.
6%
72/
-36
:
,
.
300
^
110
s;
7%
20%
•95
•^24/.;
6
!
72
34..
r-19%
♦102
32
.19% Mnv 12
-
24.
Jan
x43/a Jan
.96
Jan
:
$2.50
Co
conv
t7 </o
1,000
23%
23%
*106 \
:
6 V8
e
17%: A
17%
17%
17%
7%
'20
t;
23%
23%
110
5%
33%
•-
17%
<
20%
7%
;•
33
.
4
5
67
"
33%
-33
18
*106
5%
5%
5 Va
*
•17%
17%
Jan
Oct
35 :/;/ OCt
.
•
.
••
10
—100
Corp
Cuban-American
10O
'
;
Jan
;
Crosley Corp (They
No par
Crown Cork & Seal—...
.No par
$2.25 conv preferred..
.No par
.Crown Zelierbach Corp
5
'
t$5 oonv preferred
.....No par
Crucible Steel of Amer—INo par
5%
conv preferred.———100
;Cuba RR 6% preferred
100
300
-
18Va
11%
-
15
.
Crane
•
3,600
t
99%
114 Va
*98
105
*98
♦106
24%
-110
•106
•
105
171/2
17%
17%
;
*98
July
;
25
Jun
243/4 July
,
'
102
v
Apr
20 V4
May 10
t.ir c jun
11
Qream of Wheat Corp (The)——.2
75
*
173/4
19
12
11
114%
*113
114%
•113
114%
"V
•75
19
11%
-
78
76
♦17%
11%
•
11
25
7,800
43%
19%
11%
Jan
.
1,200
26%
*43%
11,600
500
Jan
^ 7% May
68% July 10
■.
.
5
»/2 Jan
,
Inc..
Coty
-
Dec
2% Nov
54
Jan
1
5 Z >. 243/8 July 15
75/« Jan
—.No par
—
Coty
2,800
193/4
26%
437/8
19%
26%
*42
14%
.
.
,
•' • j ,•
/ >■
Refining.
tPreferred
.
2,500
21%
843/4
-91%
1
-July 14
2
7./;
50
«;
Products
v
19%
105%
20%
.
Jan
Mar
16 Va
.
15Va; Jan
No par
Insurance
V
t;
105%
preferred
Corn
40
•
5
•/•-2V:V
19%
21
.
4,200
20%
♦43%
;
Steel Co...
tConv pref 5% series^.
fCorn Exch Bank Trust Co-
380
58%
•
45%
24
i
'
Copperweld
100
44%
105%
19%
2
.,7
•
r
143A Aug
21% Mar 29
6 a
* 7223/a July 30 / C '27% Mar 30
15 % Aug
100.
/.' 4% Jan 12 i
6
...25
;
1
7ian 16;'
1fi% May 10.
pfd
.Continental Steel Corp
700
58%
18%
44
,v
13
91% Jan
.1
Continental Motors
Continental Oil of Del
2,300
.
44%
20%
1
Jan
j.imji
:
i
par
Continental Can Inc
20
Continental Diamond Flbre—_.--_5
6,900
i
53
♦52
8%
;
58%
7
105%
25%
yi
27/a Jan
July
16
1 Va
2
•
17Va Jan
i_6:A
...5
—
.Continental
•'
20 3/4
20
Preferred
1,100
C.
r$
13
105%
20
21
;
51
5%
7
44% Jun
v
2
.36% Jan
.No par
$2.50 preferred
fConsumers Pow $4.50 pfd
.
33,200
25
13
203/4
19%
$2 partic preferred—;
Consol Laundries Corp
3,900
33%
*24%
♦105%
;
& Jan
Jun
107.
..
,
.•
Container Corp of America
443/4
44
58%
182
*180%
'
182
♦181
5
2%
'
.7,100
,
5% 7-
33%
.
53
*51%
53
44-/8
58%
'
182
*180
*51%
53
44%
43%
58 '
58%
$ per share
Sep
Sep
Sep
-
900
46%
5%
12%
•443/B
15
.
29
-
19% July 14
41- July 9
44
.
Continental Bak Co.;
v
12%
12%
*46
25
13
:
7
19
;
30 Va
-
v
98 Va July 15
9Va Jan 7 2
.
■
1
.No par,.. ' 10Jan
2 V
V/ 12% Dec
3 }
. 9% Aug %■
73 /preierred_^;
:
_100
,89
Jan
5
74 V* Aug
.111A July 22
'•;;' 89
t Feb
.6%% pripr nreferr^d—^.—_r 100 ;
;90,: Jan
••83
U06*2.Aug .3
Apr:
97% Feb
Preferred
-%*•? rv-i
called_i-.--_i-^__^-x-^p
105% Aug ^.'4 A 105 a9a Aug
6
9,800
..
.
33%
12%
46%
13
jan
104 V2 Jan
No par:
3,200
f
107%
34 V*
33%
32%
11%
.
Highest
$ per share
•
2 V;/
74% July 17
70% July 16
.
14
,j
5V4 Jun
-
293/a Jan
par
/
30V2Janll
>
;__25
'
13
25 Va Jan
No par,-:
Consolidated Vultee Aircraft
.
360
8%
♦103
107%
*103
33%
Range for Previous
■
Year 1942
Lowest
"
46%
14%
•
.2,800
20
83/4
:
*13%
,
™__100
Consol RR of Cuba 6%
.Consolidation Coal Co
i__
Jan
9
■
:
:_No
i
2'"'i
79V2 Jan
—No par
^
6,400;'
t :
7;
10
:
l
" '
No par
1,100
>
11%
19%
9
12'/a
;
:!
102%
102
19%
...78%.
46
5%
6,000
2 ■:
$5 preferred-—
—No par
Consol Film industries..^.
;
1:
J
12,800
v
363/4
11%
*35%
11%
6
5%
11%
102 V*
46
<
r.
15%
♦5
363/4
•35%
*102
106
"
12%
,11%
37%
102%
~
•
••
1,700 <
3,300
15%
2
37
par
;Consol Copperimnes Corp__^_.Consol Edison of N Y_.
..No
2,000
22%
'•.14%
A
.
t
*
15%
14 V*
5%
xl5
15%
22%
-•
13%
53/4
:
A- 2%
15
5%
15%
,15
.
;
40'/a Jan
r
par
___.No
"
8%
32
..
29,600
m
104
2%
-...2%
.
;
,
50
47%
33 Va
280
,/
.
8,500
12%
33
.
I.
32
46%
S:
1,500
104%
12%
106%
,
106
1 05
Co_7_--.L__No
Congoleum-Nalrn Inc
Consolidated Cigar-
-.600/
4 3/8
22%
18%
?.c
9%
*107%
102%
102
22%
.
11%
'102
105%
>
4%
5%
*12%
<
V
X21%
15%
37%
11
*35%
37%
*35%
102%
<19%
•
si
22%
12%
X
12
♦22%
22%
12%
5%
15%
5%
15%
15%
•.
•■/
S per share
l7/8 Jan
100
Conde.Nast Pub
;
2,400
20 Va
20%
500
;
n%. "i%
■.
2%
15
15
15%
5
.
2%
2%
2%
15
15%
<22%
104'/a
104
;
1
Highest
100. lA.
.Commonwealth Edison Co__
.11,200
«
niiA 111%
*105% ,106
22%
22%
15%
15%
16
4%
22%
103%
2%:
2%
15%
5%
5%
.
j
,21%
•1
106%,
Since January
Lowest
$ per share
]
..
Commonwealth & Southem__No par
$6 preferred series
—No par
6,500
22 Va
;v„:; 22
105%
4%
"*4%.
'
103%
22% r:
103%
103%
'v
.V»/'"*4%
/■
83/4. .8%
105 3Ba
106
106% ;V
luMOS'.
<■
;4%
-
21%
103%
-2%
~4%'
-
"'i-'
22%
103%
v
104% 105 -I
:
V
V'...,
1
253/4
25%
8%,
111A 111A
105 %
*104%
Range
.
':
par
preferred series A
Commercial Solvents
'61,700
62% / 64
20
:
6,800
14,300
3/4
u
22%
22!
22%
43 7 v
14
•
35%
,
100
111
42
63
8%.,
,
20%
19%
*111A 111%
111%
*111A
i'i
111%.
A
8
7.
'
i
par
Ho
Columbia Pictures
$2.75 conv preferred
Commercial Credit
4 V*% conv preferred
Comm'l Invest Trust
4,100
13%
v
1|
.25%
26
25%
.
.
-14
62%
64
63%
25%.
8%
21%-
•
•111^-111%
,.%
6314
62%
21%
20%
v
42%
13%
%
»'
»
"X"',v":'/,
•
.
preferred—
Columbian* Carbon
___
393/a
♦107
v.
.
43%
42
•8%
V
111,
41%
,
/
5%
3,200
38
39%
39%
*107
107
107
>
*37 V*
38
39%
•
.
.
.
6%
r
60
300
15%
15
15%
*37 %
.77
39%
14-
62%,
i
38
39%
'
.
Columbia Gas & Elec
2,800
;
7/
95 V-'
*92%
95
15%
15%
*37%
.»
*92%
it
13%.
.
25%
;
26'A
■
£
U
,,••-%
64%
63%
■
3/4
111 C.
•
40%
14
%
-
-
15%
39%
*107
41
13%
38
39%
in.
•107
111
40'/a
'
*37%
•
67
15%
15
39% t 40
40
'107
*92%
.
15%
15%
16
15%
,v?
*
44,100
69%
83
92
•
Shares 1,
share
EXCHANGE
/
'
.W
NEW YORK STOCK
7
'
!£:
3%
*67
67
7: 'iV-"'
STOCKS
Friday
Thursday
Wednesday
Aug. 3
3%
$ per
t per share
RECORD
PRICES
SALE
Tuesday
Monday
Aug. %
July 31
HIGH
AND
LOW
Jan
7% July
;
r
Apr
4
51
73 % May
35% Jun
1
9 3/4 July 16
Apr
13% Mar
2 3/4
;
8
116% Mar
9
112
>
Feb
Deo
103/4 Deo
703/4 Oct
163/4
7
Jan
8
Deo
Dec
134%
.
Apr
13% Apr
9%
29
May
May 28
95
8
Deo
Nov
26
32% May
16% Apr
8
23% Apr
Feb
22%
87
:
10%
,
120
Deo
Dec
Oct
Nov
July
129 V4 Jun
26
102% May
144
Jan
129% Jun
26 "
120
127
Nov
118%
Deo
121
Jun
5
Apr
111% Mar
.
*
•■»•
37
37
6%
6 Va
162
162
*178
180
6%
161%
*163/a
17
34%
10%
4
f
,
4%
5
5 Va
73
71
66
67%
39
"39 %
29%
29%
55
♦53
178
161 y*
162%
160%
17%
17%
m-.,
17
17%
34%
:',f.t.'.34
34%
10%
10%
10%
4%
4%
■try'
5
■n
72%
4
*175
177%
*175
150
1,900
17%
17 '/8
17%
*17 A:
17%
34%
343/4
34
34
10%
11
11
*17
*4%
43/a
.11
4 Va
4%
4%
1,000
4%
43/4
4%
4%
30,600
71%
70
71%
70%
71%
7,200
65
3,500
40
1,000
'66%
66%
65
66%
65
39%
39%
40
40
40
29%
29%
29%
28%
283/4
28%
56%
♦53
55
*53
115
115
115
115
6%
6
6%
%
6 3/4
6% :
79%
80
787/s
79
82%
82%
81%
83
80
87
88
87
87
•87
page
555.
ft
.
%
'78%
80
*78
v
*28%
55
115%
84
see
283/s
*53
90
footnotes
4.
54%
♦115
63/4
.;.••• v
29
'
54%
1153/4
63/a
6 Va
Elec
&
Mus Ind
(The)
$6 preferred
Endicott
—
170
Mar
26
May
11
Oct
30% Jan
4
39% July
2
20%
Jan
10% Jan
2
14
Mar 30
97/a
Deo
t$5 preferred
t$5 Va preferred...
893/4
*70
%
%
3,600
Equitable
Jan
303/4
Dec
13%
Jan
1%
Nov
5
63/4 May 20
37a
Jan
1%
Nov
20
79% July 23
17%
Apr
35%
4
53/a May 10'
ft Peb
Jan
20
74
July 23
15
Apr
323/4
Jan
par
3
333/4 Jan
2
42
July 13
29
Jan
34%
Nov
23 V* Jan
7
31% July
19%
Apr
26%
Feb
49% Jan
5
49%
Deo
109 % Jan
11
2% Jan
4
1
8
.58% July 17
393/4
Apr
29
1073/a
Feb
7% May 10
1%
Apr
116% Apr
112
Oct
3%
66
Jan
Jan
.No par
750
550
t$6 preferred
<
50
Public Service
78%
82%
♦87
Dec
15
28% Jan
No
100
78
...
36%
IV4 Jan
1% Jan
preferred
803/4
11
8
10
5
Johnson Corp
82
893/4
Nov
Jun
453/8 July 15
18 % May
__
700
Engineers
180 •'.
184
8
Jan 19
Dec
31% Jan
200
18,900
Dec
11% Feb
shares.
Am
80
3/4,
Nov
151%
35
$7 preferred
5%
4%
Apr
'
2
Electric Power & Light
Elec Storage Battery
El Paso Natural Gas
60
Jan
108
'
4
4%
Apr
2V4
146% Jan
Boat
70%
*82
For
Autc-Llte
34
16%
May 19
3
Electric
Electric
4%
8
8 Va May 28
170
4
100
Stores Inc
5,600
70%
*115
Bros
2,900
4%
,
Edison
44% July
2
20
177% July 29
(N J)
preferred
cum
10%
67%
4%
6%
13
3% Jan
S
Eaton Manufacturing Co—
103/4
65%
13
700
Eastman Kodak
31 % Jan
—
Mills
34
39%
*%
•
Rolling
33%
63
53
1,800
•nhf
39
53
160%
177%
40% ■'■M:
66%
*28%
-
x393/4
39 %
6%
%
*175
Eastern
2,300
w ■
407/8
41
65%
6%
%
159%
177%
6 Va
Eastern Airlines Inc.-
/i 3,500
36%
6%
*403/s
40%
*87
■
36
39
6%
813/4
4
:
1603/4
40%
115%
*79%
161'/a
•
6%
177%
4
36 3/4
6%
40%
68
36
6%
.177%
10%
37%
6%
'M--
i
37
6%
40%
115%
6%
38%
40%
LIS3/*
♦115
161
:
33%
-
35
10%
6%
161%
177%
•<
40%
40%
6 %'
__
OfficeJ31dg
__
54
Jan
7
83% July 12
40
Apr
.No
par
57% Jan
4
84% July 22
46
July
73
Jan
.No
par
62 Va Jan
5
92
July 12
47%
Apr
83
Jan
.No
par
% Jan
8
1
A
Dec
l%Mar
%
Oct
r
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4201
158
NEW YORK STOCK
LOW
Saturday
$
■
.•
.Aug. 3 ;'-;J ■"
4
per share
^Tuesday
•
Monday 1
' /.Vr
July 31
$
share
per
SALE
HIGH
AND
'
»'.•
»
$ per share \
:•
V
<•
RECORD
PRICES
STOCKS
Wednesday
<
\
>>;
{• Aug. a
545
Thursday
•
Aug. 4
r$ per share
Friday
>,
Aug. i>«.
<Y
t
share
ver
Sales
*
S
share
per
for
—
the Week
Aug. 6
.
NEW YORK
STOCK
7;:.'•:.EXCHANGE
Shares
Range for Previous
^
.■'
Par
-
Range Since January 1 y
Lowest
Highest
,
,!; 7.
.
-
■$ per share
Year
Lowest
t per share
•
12
.
12%
'V:
"
11%
10%
48
47%
48
78
♦74%
78
7%
:■
,7:10%
11 %
10%
11%
25%
24%
78
*74%., 78
777
25%
2%
2%
2%
2%
11%
11%
•*;
7%
'.'(.
>11%
*25-
•• •
2%
;
1,300
5% pref series A
7%
2.000
11%.
24%
'3%
Erie
;
11%
No
par
No
common
Ctfs of benef lnt
78
24%
2% *
tErle RR
'
par
8 V\ Jan
9
8
Jan
9
39
Jan
68'/a Jan
i
16% May
12
4
16'/a May 4
52% May 19
18
77
,
•
'
47%.
6%
25
2%
y 41,000
47%
7% ••••:
21%
7,900
11%.
*74%
.,,ii%.. 12
.
25%
2%
2%
•"•*7
48%
11%:
11
11%
i.48.-,.
;7"7% -V
7%
10%
5
,11%
48%,
I" *73%
24%
25%
2%.7-
,
11%.*- 11%
11%
vf48%
...
7%
12%
25%
r.
•
11%
ii%-( ...,,11%
/
'
:
78
7%
11%
•
10%
48
11%
48
♦73 %
\
11%-
11%
11%
11
•
♦74%
11%
48
V:
& Pitts
Eureka
5,700
Evans
.
._100
'„•«
RR Co—
Vacuum
50
Cleaner.
Products
5
Co__
3% Jan
2,200
2,400
:
; 27/a
Ex-Cell-0
Exchange
Corp
2
5% Jan
;
3
9% Jun
14% Jun
Buffet Corp_
$2.50
19
3% July
..:
,,v *
•
♦35%
23%
24
7.
7
37
.
15%
:
24
17 %
'l7 'A
-48
»103%< 110
*37%
7
18%
r
109
18 %
109
110
24 'v,.1*
34
26-v
26
7%
12
5%
2.1%
92%
■:j
17
47
-92%
'
17
•
v.-*93
17 <
l;7: 16%.
•
77
109% '109%'
37%
18%
4
.18'/a
18%
107'/a
108
107'/a
v
*64 '
46Va
14%
*128% 133 %
400
;
7%
2,300
v
*26..
2%
*
*12%
♦51%
s
4%
-
52
*51%
26%
26%
-
2%
5
•:
52
106
■' 8
"r
7%
9%
150
43
8
*144%
8%V
Fruehauf
160
5%
2%:
27/a
27/a
2,100
24
5'/a
9%
*9
7%
108
•105%
43%
44
Gair
200
-;
24%
x5
7% l>5 ■';:4
5%
7%'
•
5%
13
7%
7 Va
i£i-
7%
8
91
12%
89%
•
4%
12%
88%
:•
150 *
7'/a
5%
12%
13%
91
*144%
'
-
Gar
200
.
.53%
9%
%<
>
•'•f 88%
5
7%
43%
8%
143%'
" ■?
36%
36%'
: :
40%'
40%;
143%
*139
7
9%
1,200
•
43%
•7
8
5%
5%
13%
13%
88%
89%
88%
88%'
^
^
•■•"
143%,.
*115%
35%
40%
35%
l'/a
i%y
41%
♦115
-
TVa
-
1
36%-
40%
•-
:":'ii5y lifr
ii6%:
i%
25% ; 26
♦138%
»
41
i *115
116'/a
i%
;
y
" 77
-y
" i%;:
:
Gen
116%
-
41
y
97
:
*94
135
'
97
-
•
-'"
97
135
::
♦93
98
*93
-
135
97%-
96'/a'
98 V
•
.•94
;
98 '
*97
-
♦132%
'
y*ll5%
♦
>
51% H
130%'
50%
•'
*i3oy8
'130
50%
51%
503/a
'
130
'
'
31%
33%'
*3i%
v
"
20
-
•
5%y
.
*
"4 20%
yy
1% •7
21
19
u
14%
22%
■7
.
19%
in
♦107
: 20%
♦71
14%
81
>19%
;7'7
14%
79
.
7'"':
■
-14%
18%
*106%
;
207/a
20%
22%
«
-
18%:
111
78
-
22%
22%
•106
i
fi
.20%
7%
;. 7%
73
11
78
::
20%
48
♦69
.50
,
*95
>
20
96%
98'/a
96%
:h%
22 Va
87%
20%
1 %
1%
5%
5% 7
*15%
16%:
11
11
*34%
-7
•
: 77
',•7
25%
♦69
71
i
2%
7
5
1%
5
10%
7
34%
32%
33%
34
♦25%
47
17Va
13
12%
12% '<
17%
17%
13
4%
138
*58
48%
45
17%
17%
*148
13
13
13 Va
12%
13
3%
47
:•
6%
...
135
33%
357/a
34
34%
45%
47%
46
46%
,..
7
36%
36%
105
105
6%
...No
,
11%
Deo
12%
114
136
May
14% Sep
18% Nov
12
2
11
5
Jun
10 %
22
38
Oct
45
38% July 10
<
Jan
Nov
•
12% Jun
28
Jan
42
Apr
64
8
16
36'/a Jan
'
Sep
9%
1
Feb
11
1% Jan
27
Apr
38%
Jun
31% Jun
v 15
10
108% July
6
19 Va Jan
par
1
,
&:•; 4%
2
'■
3
5
,
.
...
Fe%-'
May
Jan
%
Apr
18
Jan
85%
Apr
97
Nov
1%
6
?•
11
9% Jan
Jan
Jan
12
6% Jun
14% Apr
53% Apr
1,600
:
—
'
Foods
,
.'«•
-
—
'
:
Jun
12
98
Mar
51
Jun
2
35
Sep
46%
Feb
5% Jan
4
9% Jun
3
Jan
5%
Nov
Jun
-57 >7'
134
4
Mar
145
12
77 7
7600
6,6007
■,
.-7
No
-
No
-
$5
2% July
5
8% May 19
2
Deo
4%
Deo
Sep
Sep
3%
Oct
6%
9%
Jan
71% Jan
5
98 % May 19
66%
Nov
90%
Feb
5
21%
Nov
2
30% Jan
32 '/a May
34
145
2'
Jan
4
16%
par
113% Jan
l'/a Jan
44
22
par
4
93
Apr
July 28
6
.NO
99
137
44 % Jan
2
par
126% Feb
par
17% Jan
2% Jan
2
*,13% Jan
25
4% Jan
2
_• 1
1
1
No
1
12% Jan
xl04
1% Jun
No par
31% Jan
28
No par
15% Jan
5
Corp—,.
__1
par
..—20
Corp
9% Jan
2
16% Jan
91
4
.5
14% Jan
14
_No
par
4% Jan
2
No
par
100
108
July
July
24Ve Jun
4
Jan
Co.
Safety Razor
15
4
15% Jan
,
Rubber
23% Mar
July
253a Jun
Jan
14%
Nov
5%
Jan
109% May
%
Jan
Nov
14%
107%
%
Oct
Mar
31%
Nov
Apr
19%
Jan
23::
14%
8
9
% May
55%
"
13% Mar
10
11
28
7
20
•
3
Jan
Jan
16%
Sep
7:7% Jan
Feb
-79%
May
101%
8
10
Jun
Jun
110
Dec
Feb
15%
Jan-
Dec
5%
-
Nov
•7
_
74
May 20
5
Jan
2
13
July 15
4
Apr
5%
Jan
59
preferred
4
Jan
3%
Apr
;
4
•9% May 10
July
30
% Mar
23J/a May 29
112
128
10 Id* Apr
4
9
Dec
Jan
10%
Oct
Feb
Sep
A
•
44%
•
Aug
V
Jan
87
131%
10% Mar:
3%
Jan
102
•
Apr
99 %
•
58% July 22.
,2
Jan
60
8
25% May 20:
112% July 15
Mar
% Jan
•
Mar
Apr
13% Aug
1% May
1
8% Jun
Oct
116% July
1% Jan
122
6
July 23
24% Jun-
30%
40%
*122 y Apr
30
Jan
109% July 8
2% May 10
A Jan
par
61
Nov
'
Apr
% May
64%
6
6'/8 July 23
103% Jan
100
&
:
par
10c
&
Tire
•
36
Apr
111%
Mar 15
Auj
•
Apr
••■
July 23'
July 13
131% May
7
par
No
Signal
56
7"
No
Corp
110
14
12
Jan
10
A
Telephone
conv
129
21%
8
2% Apr-
132
Apr
„
X23%
Vn July 15
118% Mar
y;
•
83% Jan
par
120
May 17
39% July -1
13
\t.
100
Instru Corp
preferred—
Gillette
100
140
18% May 20
v
Corp—y
Time
General
\
Apr
Jan
20'/a Jan
preferred
Realty
6%
3.200
7%'
Gen
106
Nov
4
100
——
preferred——
General
•"
3%
7%
104
130% Jan
,
Utilities
$6 pref opt dlv-serles-
100
Apr
-
7% Jan
No
General Shoe
1,400
7
3%
July 24
9% Jun
2% Jan 72
par
51
10% July 14
1
4% Jan
—No
General Refractories
700
Dec
106
1,130 •*'Gen Steel Cast $6 preferred—No
•
53
4
———
Precision1 Equip
$0
6%
1,800
Oct
Feb
Feb
29
...
j,
Adv
Gen Railway
-
Jan
3%
10 %
Jan
Gen Public Service.
yr400
21
Apr
Jan
preferred
Outdoor
Gen
May
2% July
8%
37
General Printing Ink
• •
Jan
102
Common
Gen
•••.
11
16
2
Sep
26
15
Sep
Jon
Jun
1
11-
2%
2%
1%
8
5
preferred
$5
.
10
51
par
Gen
Jun
4 Ve May 17
14% May 26
30% July 13
50
__
$6 preferred
19%': 7-7
*86
1%
•7
100
6%
*86
>:
90
1%
■
15,500
:7
2,100
1,100
30
7,
V
1%
•
1,400'
-
25,500
'
5
5 Va
5 Va
•
16
16
10%
10%
34
■
*10%
*32
*32
*25%
16
■
25%
;
1,600
800
•
25%
16%
16%
16%
27%
26%
100
16%
27
27%
24
24%
*149
150
*58
7
4,900
149%
149-/2
2,000
13,100
24
23%
:
•
3,000
900
.':.
34
25%
,
-7
5%
16
.11
7
10
61%
*58
61%
46 Va1
*45
457/a
1,300
17%
11,300
18»
13%
13
46
i
17 Va
13
1,200
74
4
Jan
4,
82% May 10
50
May
65%
Jan
2
22% July 16
12%
Sep
Jan
5
48
Jan
A Jan
2
60% Jan
x40% Mar
61
Nov
preferred
conv
....
.
-
;
9%
_
-±t.-
5%
Union
w
div
Co
par
25% Jan
par
90% Jan
.9
11
Jan
11
\l Jan
2
.4% Jan
8
Dec
10V4
Jan
Jan
:
Jan^-
1%
x58
July 22
2% May 10
6% Apr
Feb
Dec
83%
Jan*
Jan*
A Sep
-27 '
^
-
Dec
90%
Dec
4%
Nov
-
81%
Dec
1%
Nov
4
Sep
6
Mar:
8%
Dec
6
Apr
9%
Nov
Jan
5
17
7% Jan
9
—10
29% Feb
3
13% May 29
36% July 8
22% May
32
Nov
'!
24% Jan
23
25
Feb
Prop—
No
20
par
No par
No
par
100
100
Co Inc
1
No par
7
July 13
27
26
Jan
6
18
21% Jan
7
23% Jan
2
27% Jun
2
153%, May
15
138
Jan
59% Mar
31% Jan
3
19
14% Jan
4
July
2,
Apr
1
32% May 10
11
•
July
5%
Jan
13%
Dec
18%
Oct
19%
Jun
25%
Feb
22%
Apr
28%
Jan
8
130
Apr
27
50
July
63%
Nov
49% July 27
25
Apr
33%
Jan
65
21
Jan
May 27
10
11
Jan
4
13% July 16
.1
preferred
conv
91
Jan
27
60%
•
29
2%
82
Jan-
8
Greyhound Corp (The)
5 % %
41% July 17
9% Apr
.
56
108 Va July 14
Feb
Jan
Nov
13
8
7
.
M
7
1% July
73
-
Oct
44.
..
■'
5
Bay & West RR
L)
••
•
July
.
par
Western Sugar
(H
80
101
Jun1
par
*
Ore
1
Preferred
Green
?8
.No
2
6
42% July 14
14-
Jan
%
^
Great Northern preferred
Great
83
:
37%
6
No
—
preferred
Iron
1% Jan
22
16
—__No
ctfs
Steele
(W T)
Nor
95% July
100
Granite City
Gr
2
12
Hosiery
Graham-Paige Motors
Granby Consol M S & P
Grant
Jan
24% Jan
.No par
Preferred
Grand
8
76
par
4% Jnn
»
preferred—
conv
Jun
100 i
.No
.No
Goodyear Tire & Rubb
$5
41
1% May
3% May
1
(B F)__
preferred_i._2.
Gotham
.50
14% Jan
1
Gold & Stock Telegraph Co.
Goodrich Co
par
10% Jan
2
17% May
10%
143
Jan
14%
Dec
Mar
11%
Aug
9% May
14%
Jan
3%
Jau
10
Apr
'
f
7
■
4-1;'. ■'
4
133
No
(The)
(Adolf)
Green
13
Co
Goebel Brewing Co
:»•
10,400
77
7
106
*6%
-1%
7
,
-4%%
Gobel
10
7
36%.
*105
90
3,400
:■
:
•37%
36
"
y
3,600
2%
96
7
300
1%
.
Glldden
3,400
47%-
.-V
7772%
6%
17%
:•
12%
-12%
131
3%
131
126
3,100
4%
2,500
'7
129
7%
7%
35%
34%
35
33%
34
47%
7 47
.
May
9 Va Jan
Glmbel Brothers
*98%
13
34%
21
8%
36% Mar
:
27% Mar
12
34% Apr
17
Jan
.
Cigar Inc
10,600
99%
13
7
7%
Jun
5
5% Jan
50
140
77; 2% Jan
No
5 %
'.y
...
10
*
*130
7 V4
11
6% Jan
preferred
17,900
37%
131
3% ;. 3%
.
135
4
General Motors Corp—_
4,200
.20%
*94%
13%
13%,.
1,800
'
135
:
2,300
18%' 7
' 7; 7
♦47%
-
2%-y.
17%
13
,
7
preferred
11
38%
46
*13
13%
12%
Jan
5
t$6 conv preferred series A.No par
2,800
y
s'
•
f
5%
Aug
May
t$4.50 preferred—L—.—-No
-
8,100
.22%
19
96
17%
17%
13
7-
47%
47
61%
May
July 15
13% July.
1
Corp
Corp,.;
78
1
45%
45
6%
7%
24%
150
*58
61%
36
7
35%
27%
.''
.
*
"
71%
99%
,16%
24%
24
148
61%
46 %
,
7
150
23%
147%
24%
24
*
25%
16%
27%
*58
.34
27%
.16 %
*147%
10%
*25%
25%
16%
20%
25%
5 Va
■16% 7
Feb
3
'28
9% July 15
50
19% May
———
78
l
2%
l%-7
.
Deo
24%
51
20
General Mills.'
300
r
7 110
37%
90
16 %
10%
27%
Apr
—No par
10%
y
47%
•
♦94%
100
4%
16
4%
16%
♦46%
27/e
.1%
10
.
27%
61%
"
..
16
5%
.
1%
16%
148
47%
6%
.
'
14%
:
*69
-
,
19%
yy l
96
*86
Mar
18
'
19
37%
•
71%
11 Vav
104%
89
15
11
7
cl A
Gefn Gas & Electric A
;
600
'
.
19%
7 20%
!•■'• 7%
.
8
78.
6%
♦86
"
7%
38%
100
98
26%
*58
2%
38
10
Jun
4
Bronze
A_
General
—
'
11
36%
11 ";•■■
♦25%
24%-.
24
*.
Jun
28
Jan
'
7%
100 y.
45,800
•'y"
20
,52
22%
78
104 Va
16:
!
40
■
113
*17%.
*107
'20%
♦69
1
*94%
27%
27
.y
:
97
37%
5
y 79Va, «80%
:
11%
1
%;
Jan
3
General Electric Co
7
200
;;
: > 7
"
*14%
• y
78
6%
10%
-
'
y
-v32%
,i**48
'19%
22%
20%
'■*
71%
11%
•76%
16
16
-
7%
36%
16
'
,
*1% !
l%r-':i;•y:l8%v 18%
—
18
104%
.
,
>
110
21
7%
77/a
•
80% ~ 81%
110
*
Dec
96%
.9% Jan
.
Feb
16%
May
10'/4 Jan
10
39%
86
39y4Feb
par
Dec
Nov
9 %
1
No
Dec
105
2
2
pfd—100
Deo
36
5
16% Jan
Apr
July 29
10
Transportation.
cum
General
10,800
.51%
V 19%v
•y: i4%'" 14%
•17
6%
.
'98
,y
5
19% * 19%
*22%
35%
1%
1%
34
35
*25 %
,7:
\yy:J <y
135
32 Va
'
y 7
yy:y *109
52
22%
21
,
t7%
7
V
4,800
■
•.,*112„; T15 -yy-y *112 "-.">'115
"
i%
i% - • y?l%v 1%
18%
:
110%
•104%
86
86
87%
4
! 18
•
6%
6%
■7"
20
32,700
7.
*130% 130%
,
7%
110%:
22%
y
18%
:
-4 y
i%:'%i%-y:y
•; 80%
36 '/a
105,
:
"
*135%
14%, 14%
,y
y-,; 80%
79%
105 y*
'35%
yy
7%
47%
98
7
•:
.1 %
•'
51
"19%— 20
;20".
-
47%
2%
148
20
47%
1%
36%
36%
f
*132 %
5%-"'
*48%
47%
*94%
106
Class
900
>
.
99 vy 99 y
.
33%
■'*5%
19%
2%
*6%
%"
32 y y
•
'♦32%
•48%,% 52
-
19%
95%
35%
■7
'.-1%
19%
38'/a
'2%
'
y,
116
•
-.-..19%- 20
115-,
1%
19
95%
■• '
20
>115
78
98
'*
y
1%
11%
37
2%
97
■
•36%
1
yy
*109-113
10%
1 %
1%
31%
7%
78
39
2%
106
19%
19%
115
7
(The)
General Cable
310
.
:^:7
-41
100 :;
133
130% .130%"
i% y:!i%
1%
111
i9%
113
78
38
.
,
i,
48
?
:
♦47%
-
y i%
•95%
*.7%
*109
20 ; -
19%
:
19%
*
7«/4
113
11%
10%
79%
■;♦ 47%
7%
:
71
71
10%
1
7. 49%
,
20%.
19%
79%
20
y-
19%
.
'
8
y
1%
50 7.-.
18
•
y
20%
g
'
yy
'
,
23
y *18%
vu:
7
19
■
♦112
1%
50
; 80%
"
-1%
.
115
1 Va
20%
14%
7%
.7
20
*112
•7
•.
115
i 80
5
.19%
•7 *109
1%
V
98
—
y *98'/4
130%
».% 34'/a
5% y 5%
"ft* *32
33%
-
'
i%"
i%
52: ' 52
20
'
7%
112%-
•109
i%
•112'
•
5
20 Va'
20
71/4
-
: *7%\
7%
y *109 V 112%
•'y. .1%
y' 20
*31%
'' • :
5%
*129%
}
w
22'/8 Jun
8
Mar
14%
Apr
16
19% Jan
127
Jan
29%
39'/a Jun
25% Jan
3% Jan
Jan
87
Apr
,
v«30% Jan
Feb
18%
87%
*
,
4%
,
Apr
112% July 12
par
r.No pat :<25
Jun
43%
No par
Industries Inc
Baking
preferred
General
-
1,400
-
;
-
-
32
4%
.27
*115%
116%-yy
-133"
51% :52%
:
52 J ;
130 '
130
*
v
y :-y*5%
*95
Dec
•••; Apr
3
26%
'
98
135"
13%
8
Apr
No
(Robert)
Co
Amer
$8
~
10,400
7
143% 77' 77
35%
%•••-■ -.1% y'
;-97%y 98 'y
•132%
137 '
2,800
7
5%
"40%
-
•132%
Jan
Jan
109
1
General
7
.88 Va •"
143 Va
7-
36%
40%
1% y-i%
24%
7%
7
$6 preferred
7
'
36%
y
Dec
13%
11
Gen Ainer Investors
100
8,200
8%
•13%
27 '
143% ;
•
: 4i%
;
87
27 % 7 27%
-■
*138% ,143%"
37% 7
36%
Jan
197/a
29%
15% Jan
100
(The)
Wood
2,000
7'/a
5
*12%
"
36%
40
;'
5
Co
Inc
'
150
7 7;:.::>;7 7%
7% 7;7 7%
7%
5% '
13%
5Va
'
'
♦145
"
13%
25
♦138%
150
88%:'
25
25%
25%
25%'
25%
•140
♦145
■
12%
'
'
150
7%
5v4. s:'. '.
31'/a Jan
Jan
93
2
97% Jan
Gaylord Container Corp
15 Va % conv preferred
120
" 108
•106
43%
8'/a
75
*9
108
43%
8%
•144%
6
preferred
Gamewell
13,200
.
12%
*52%
V
1,020
5Va
12%
52
*105 Va
■
44
Co
6%
"
148
♦144%
104% Jan
preferred
Gabriel Co
5,700
77::
'
24%
5
52
,
Jan
8%
Sep
28
—_—10
Trailer
conv
29%
Jun
1
July 15
43
par
Francisco 8ugar Co
700
*12% 713
*12% "13%
52; r
♦9
106
106
43%
43
•:
*9
106
*105 Va
44
27
108%
Jun
6
74% Nov
par
St Co Inc 7%
Jan
19
July 15
.
50% Jun
Machinery Corp
F'k'n Simon
37%
69%
5
19 % Jun
yFreeport Sulphur Co
■
9%
9%
9%''-
9%
43%
2,200
2,800
Apr
'
-
♦105V8
:
27%
96''.
No
$7 conv preferred
6%
prior preferred
—
2%
7:7;
13
♦24%
5%
•51%
—_
vfj"
6
—No
Foster-Wheeler
Not
;
8
.
1%
11%
14
10
Oct
Jan
6% Apr
6
25% July 14
27
>_100
Bep
Dec
11
16% Mar 18
-
127/8 Jan
par
4%
7%
28%
2
'
13
,
26%
-Food
18
Jan
Apr
May
e
Jan
Jan
No
1%
4%
Mav 27
25% Jan
Food Fair Stores Inc
f
20
34%
108%
27/a
.
*12%
25%
.:
-
*12%
■
75
34%
,
2'/a
12%
24%
5 Va
12%
:■
107%'
2%
3
"2%
,
"12%
10%
27
107
107
-
19%
*60
-35:.-
,
■
.
Stores
(The)
'
42
;.
Dec
.
—100
A
Florsheim Shoe class A—
F°llansbee Steel Corp
■
t5%'Conv preferred-.-.j1
2,900
132
10%
.
500
V
15%
*18%
:
75
27
Via
-
.
T
<
25%
51%
35
107
2%
11
-35%
35
:
3
4%
75
19%
10%
*60
;
500
48
15%
series
Feb
78'% Jan
-
70
Oct
■-■01
29% Apr
3% Jan
15
1
t$4,50 preferred—
Florence Stove Co
...
780:
12%
47%
*128%
*18%
'
'
*60
<
12%
11
.
443/W
•; 12%,
.
♦128%. 132
19%
11V.
:
12%
23%
'•
13%
52
;
J
5 Ve
'*12%
5%
*18%
'r,
26%
;2%
26%;
25%
26
13%"
132
107%
2%
3%
'
5
107%
12%
3
*12%
,,
107%
12%
13
f 26
47%
*15% V 15%
; :
r
7%
*43%
preferred
National
Flintkote Co
1,200
12%
*47
v
4,000.
31%
*
*12%
-
7718%
6%
First
<
26%
,
15
.
600
220
.
•'
4734
36
2%
3%
3%
" 75
36
27%
27%
"*106
'3
2%
*12%
10"%
*60
75'
35%
107
'■
19%
: 10%
-
35%
♦64
27%
*26%
•18%
10% '
10
45
300
13
par
$2.50
Dec
20
Mar 26
.—10
N Y___
Firestone Tire & Rubber..
-
31%
7%
*43%
-
-12%:-;
*47
dV-
*128%' 132
19%
*18%
•
75
107
-i *12,
15
!v
7%
>44%
*128%
V<
,
46"%
15%
36
v
ii
46% v..
14%
10%.
-36
"*.••
.
.
7%
i.
•
.
s
Corp
Fidel Phen Fire Ins
5,800
\
13
100
preferred—
conv
Enamel
Ferro
2,000/
;
>,*26%
26%-r'
14%
12
.
46%
19%
♦18%
..•••12
V
43
'
y 800
38
106%:
31%
26%
.
17%
>47%
106%
31%
26%.:_
.
7%
42'/a
•:
130
; *io%
12
32
26%
;:7Va
41%
f.
£
15
130
7
•
31%
;
t
V
140
No
u
70
19% July 13
105% July 27
7
No par
Dept Stores
Jan
10 Va
•
28
2
Jan
20% Jan
2
44
1
42
6
67/a Jan
86
—5
Federated
4
21V4 Jan
♦
15
Federal Motor Truck
38
v.y 18
20
Federal-Mogul Corp
t4%i%
33% Feb
par
.__No par
1,600
37%.
*37
•
Pr Rico
Federal Min Si Smelt Co
i
600
.
-*109%. Ill
37%
No
Traction
5,400
-
•V*. 47%
37%38,
St
93%,
• ■
47'/a' ,47%
Co of
Light
Co
$6 preferred
:■< 900
5%
&
21- V
.
,
;20%
38%
107%
26%
; *26
*
7%
*10%
..
%r-.
Fairbanks Morse
40
15%.
\.53/8
'
,y ;
47%
110
18%
,
-r-
r
a--;
21,
37% -37%
;•
31
5%
r:
•
110
r
' 109
31
42%;',
41%
-
12
47 1'
V; 15 d,
26
Federal
<
37
•
18%
*107
33%"
i
"7%
43%
-v43%
•
•'
7Vt\
"
0
33
*25%
Fajardo Sug
2,600
:
/•103
23%-, 23%
'
♦32 '»•
2,900
16
♦102
15%
22
■
37%
18%
18%
24 y8.
15%-
V
103
24
92%
*
17
7i47%
.
•
•37%
109
r
36% > ;'
♦109%
38 1
18%
.-22.-
47%
35%
109%
♦106%
16%
103
fv
24 '
•92
17
t:: 47%
37%
37%
-
,*16%
16%.
>.:•? 48
-103
800
23%
—
36%.
'
5%.
21%
T
16%
>.. 5%
5%
94 *•
109%
>
r"'-:5%
24'/8-
t.
36%
77
.15%
93
35
4
39
15%
21%
47
-
24
16%
15%
92%
-
16%
f
24
22
16%
..
^
37%:
-7
24%
-
*102
*23%
5%
v
37,.:
*36%
24
7*15%
->
24
36,
103
♦102
16
36
■t
15%
15%
S
•
23%
*93%
47%
J
16
103%
21 %
94
7737%
24%
V"/ 5% 7
;
22
93%
23%
15%
v.-
.5%V
t
24%
23%
77
16
21%
35%
103%
24% "
77 5 %
34%
15%
104
-16
35%
23%
15%
.104
£:
;
35
Oct
Jun
;JP'-
,
'
10
32%
29% Mar 30
Jan
5
13
$ per shan
Jun
3%
8
.4
Jan
24
•.
Highest
4%
Mar 26
% Jan
5
'
1942
.,
$ per share
47%
47%
46%
47%
7%
7%
7%
<
80
Grumman Aircraft Corp—
Guantanamo Sugar
8%
8,300
2,P0r>
'
Gulf
•R
15,400
Gulf
&
Ohio
RR—
nrpferred
Oil
No
No
Corp
par
2% Jan
100
No
preferred
Mobile
81% Jan
r
2
19
4
1% May
Jun
11
160% Jun
12
48%
Jan
5
2%
Jun
4%
Oct
Jun
33%
Oct
5
10% May
par
3% Jan
12
r-»
25% Jan
2
41% May 12
2
86
Sep
50'/a July 26
25
45% Aug
i
18
.'
:■■■
H
*26%
277/a
♦26
27%
*26%
*36 Va
38
♦37
40
*37
40
16%
*15%
17
167/a
167/a
14 %
14%
"109
110
For
27%
*37
27%
*26
40
17
27%
27%-
*26%
27%
*36
40% '
*36
40%'
*16%
16%
100
Hackensack
800
Hall
300
Hamilton Watch Co
7%
"
16
*14%
15 V
*14'
•
110
*109
footnotes see
page
555.
*109
15
t
16%
■
f
110 ;■
.
^
-
-
*14%,
109
■••
15
109
"14%
*106
;
16%
15
109%
14%
J
.
:no6
16%:
14 %•
preferred
Printing
28% July 24
19% May
25
25
35
Jun
1
38
29
Apr
35
Dec
10
Water
12 % J an
5
18% July 23
8% Mar
13
Aug
9Va Jan
18
23
class A
Co
No
par
22% Feb
11
Apr
13
:
10
6%
preferred
—100
104% Mar 13
Feb
4
8
Jun
11%
Nov
110% July 28
95
Mar
106%
Feb
15% Jun
■
109%:
-
•
THE
/
COMMERCIAL & FINANCIAL CHRONICLE
»
*
'
'It,,
.ii»
.
■
«.
.
■
4
f
•
-
•
•
.
■
Monday, August 9, .1943
' ' •••
*
....... -
-
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
$
16%
*140
6
*101
103
"•101
6
103
"*101
,
*5%
103
6
.-.."v
2%
2 V#
*65%
67%
,'66
15 y4
14%
80
h
22%
38%
800
Holland
38
14%
14%
14%
14%
"15%
15%
*14
14%
14%
15
14%
*14
14%
14 %
14%
42
*7%
2
7
26%
9%
-
2%
*2
2%
*2
2%
800
Hudson' &
7%
*7
7%
*6%
7
100
<■
*6%
26%
26 %
26%
26%
26%
%
9%
9%
9%
9%
12%
12%
26%
26%
*26 %
46
46
46
46%
93
9
17%
17
17
800
39
38%
39
1,300
92%
1,200
17
39%
*17
39
72%
71%
72 %
71%
12%
11%
12%
11%
12
12%
12%
*8
34
34
*114
:
7%
7%
'
168
*166
65%
6%
7%
8
163 %
66%
67%
175%
175%
'
■;
,176
*175
6%
73/4
,':;V
166
165
/
67
65%
6%
65%
7%
2%
2%
2
15%
:'H 15
63%
*62
63%
4%
30%
30
29%
175
153/4
*136
138
11%
10%
11%
10%
11%
11 Va
11%
10%
57
56%
57%
58 V2
58 Va
58
*40
.
45
109%
15%..
15
140
33
*108%
80%
45 Va
47
*106
120
*106
81%
14%
*14%.
14%
14%
14%
14
14%
14%
143/4
143/4
14%
*108%
109 Va
108%
108%'
15%
15%
15 Va
29%
■
*29
30
*29
140
*138
141
*139
International Silver
120
14
8,700
14%
*14%
Foreign share ctfs
Interstate Dept Stores.,
1,500
;
Preferred
40
*108%. 109%
15%
700
Intertype
30
200
Island Creek Coal—
141
70
^
?
♦139
Ji-.
36% Jan
9% Jan
2
27
Jan
39%
5
17
July
1 July 22
57% July 30
2
2% Jun
18
10% Jun
17
%
'•/;
3Vs
11% July 12
2% May 10 •
Jan
7
16% May
31% May
48
13
Jan
Jan
2%
,
9% Nov
10 %
Sep
21
74
Jan
6
15% Apr'
8
Dec
•100
Jan
27
8% July
1
6
5"%
38% July
115
Maf 29
5%
Feb
12%
Oct
Mar 29
Apr' 6
July 14
Jun 28
74%
Jan
Apr
'18%
163% Dec
8% May
6% Jan
10
1
21% Jan 28
106
Jan 21
6% Aug 3
9
9%
174
74%
2
144% Jan 20
56% Jan 20
Jan
6
Jan
162
% Jan
19
5
Jan
Jan
28
36.
102%
6%
6%
9%
Apr
5%. May
40
90% Jan
14
10% Jan
%
1%
57
Jan
15%
60% Jan
Oct
30%
Dec
136
Dec
4
5 ;
•
Oct
30%
43 % Mar
1%
Dec
4% Nov
Apr
24% Apr
126% Jan
7%
Jan
12%. Dec
•
Apr
3% Nov
Oct
46%
Feb
y
Jan
V;.'48 %
"
39
Mar
.
"
•
26
May
32
Feb
26
May
May
39%
1%
Jan
2
Jan
Jun 29
6%
Jun
Jun 19
88%
Apr
2
7%
Apr
Apr ; 3
24%
Apr
;
J,
Oct
16%
V 110
/ 18
1 32%
5
Jan
Dec
July
% July
38
Jan
61
3% May
•
Jan
166
Apr
May!
;
Jan
8
16% May 10
Jan 15
Jan
7
7
7
135
151%
147
Mar 25.
Jan
111% Feb
38% July 26
48% May 19
115
July 14
16% May 10
7
Jan
Jan
23%
109% Mar
8
5
i 4
6%' Feb
10%
4 % May 10
5
11% Jan
55% Jan
3% Jan
Apr'
100% Aug
•> 177 y July 27
9
Oct
Feb
16%
35
July
54
Mar
4%
Apr
May
153
Oct
23%
■i'f 42
Jan
78% July 24
Jan
1
Nov
1% Apr
Jan
5
62
27% Jan
U
Dec
5%
'
13
,May
32% Jan
May 10
May 6
19% July 22
44% Jun 28
100% Apr 7
168
July 23
Jan
2
Feb 19
Jan ,6
Apr 17
23%
•
Jan
5%
5
7
9
ft
6
2
37
1% Aug
5% Aug
Jan
■
Oct
Feb
Jan
Apr
Sep
4%
34%
Jan
2
16%
Bee
106
•
Apr;
•29% May
29% Mar 30
% Jan
May
2%
5
44%
Apr
96
July 12
9% July 13
41% Apr
Oct
11% Nov
8% Jan
30%
114
4
ii Jan
11%
32"%
/ 88
158%
Feb
45
% Jan
4
Jan
12
Mar 10
8
Dec
115
Dec
38% Feb
18% Jan
-
7%
18%
Jan
Oct
—1
_
preferred
$6
C
110
9
21%
3% Jan •"' 2
4
Nov
8
30% Jan
?
Dec
17
29% Nov
41 % Apr !.
Jan
•
.% 15
Mar
12% Dec
Apr 18
17
115% Jun
Dec
102% Jan
12% Mar
17% July 12
6
No par
Corp
*15
*29%
141
5
100
„No par
No par
No par
100
Intern'l
101,200
14
Jan
50
preferred
Telep &-Teleg
7%
;
;/,V
14
31
No par
International Shoe—
400
29%
29%
30
140
/
293/4
139%
••rrA
—,
15%
*15
15 Va
v
International Salt
500
■;
14%
109 Va
„
,
preferred——
200
13%
•v
Co
Paper
45%
14%
22
Oct
48%
Mar
11
Dec
75%
134
14% Jan
,
67
July 2
6% May 11
No par
28% Jan
9
36% Apr
5
—100
130
Apr 12;/ 138
July 14
15
8% Jan
2
13% Jun 5
100
/ 45% Jan
2
62% July 14
No par
3% Jan
4
11% Jun" 11
—100
37% Jan 11
71 % July 12
No par,/
39
July 16 * 44
Apr 5
.
of Cent Am
.36%
*106
120
14
14%
14 Va
2
Jim
—100
—1
—
36%
••
45%
Jan
Jan
5
;
preferred
conv
5%
830
.
,
41
7
13
115
25
Chem
*44%
36%
*45
143%
5%
Inter Rys
5,300
63%
*39%
•109%
Jun
94 Z
127
145% Jun 10
Apr
V
104%
Oct;
Nov
;>■ 7%
7% Nov
95
Jan
11
-
138
Nov
'
.
.////'■•
13%
*14%
14%
13%
31%
31%
*108%
109
:
81
79%
*132
'
112
••"■'
.
22%
23
22
22%
60
60
*60
61%
CO
223%
60
71
70
70 Va
70 Va
10%
10%
*10%
843%
.
*131
Preferred
134
*131
134
72%
:
22%
61%
23
603/«
23%
22%
•,
60 Va
73
11%
*11
11%
11%
5%
1,200
.
600
11%
*11v
5%
400
71
71
*71%
Joy
12
Feb
19
34
109
—
Co
5%
8
85
89% Jun
Jan
27
19 Va Jan
7
26% Apr
Apr
5
Apr
6
126'
136
May
33% Jan
107%
50 Va May
6
par
10% Nov
18% May
9
2
21
,
Jan
July 14
July
Jan
70
100
No
pref series A
pref series B conv,
Mfg
% Jan
96% Mar 30
Jones & Laughlin .Steel— _No par
14,600
22%
*59 Va
V
60%
73
16% July
9
26
1
—100
preferred
Johns Manville
4,400
84%
84
.
4 % %
100
Co
Co Inc
Jewel Tea
800
'
*60%
11%
11
11%
*108%
Jarvls (W B)
1,300
.
32%
112
"
22%
22
32%
110
833/4
84
134
*131
134
*108%
133%
13%
323%
*32
110
83%
13%
13%
32
108 Va
83
80
*131
134%
*
13%
32
14
32%
71%
122
July 21
Jan
73%
129
17"% May
53% Dec
Jan
Dec
Nov
24% Jan
54% Jan
7
65
64% Jan
8
82
8 % Jan
4
12% Jun 25
—10
xl23/8 Jan
19
19% July 20
5
Feb
No par
No par
100 •
1
122'% Feb
2
1251% May 24
117
Mar
5 % Jan
2
10% Apr
8
Jan
13
29% Apr
6
16
May
7% Jan
6
12% Jun 25
6
Apr
11%
Feb
Dec
100%
Jan
100
-100
.
—1
...
,
,
>61
64
Jan
79%
Jan
11
Jan
13%
May
7% Aug
Dec
K
17%
17
130
♦125
23%
23%
22%
11%
*11
102 Va
*102
11%
102
13
13
*108%
—
6%
7
6%
22%
22%
103
103
*13%
13
*107%
*11%
12%
*11%
103%
*102%
103%
*13 Va
22 %
13%
22%
21%
21%
13%
*22
22
13
13%
13%
13%
113
*110
*110%
112
*110%
.
112
*13%
133/4
133/4
112
22
22
22
112
>110%
•>
:>."
*107%
*1073/4
*1073/4
13%
13%
14
:
1
28,100
*19%
19%
1,400
"31
32
30%
31%
30%
30%
307/a
31%
30%
31%
30%
19%
19
19
19
19
19
19
19y4
>19%
19%
32%
32
*32
5%
5%
55
23%
•53 %
23%
8%
30%
30%
*7%
30 %
30 y8
*30%
5%
5%
5%
*50
53
*50
23%
*7%
30%
30%
23%
23%
8%
30%
*30
30%
30
*13
*7%
32
*30
32
*30%
'
1,200
5%
*5%
.
*5%
5%
55
55 Vk
55%
55
23%
23%
23%
23%
23%
8%
*7%
8%
*7%
8%
*7%
8%
30%
*30 y8
30%
30
30%
30 Va
30%,
1,500
30%
30%
30%
30%
30%
*30%
31
1,400
5%
5%
5%
*53 Va
55
23%
23%
-
100
55
3,800
"
«
I
i
Jan
2
2
1
15% Jan
11
2
8% Jan
,1 ;
4
192
No par
KennCcott Copper/. :
No par
Keystone Steel & W. Co—No par
Kimberly-Clark—.
No par
Kinney (GR) Co.—
1
$5 prior preferred
No par
Kresge (S S) Co__—
:
10
Kresge Dept Stores
——1
Kress ,(S H) & CONo par
Kroger Grocery & Bak
No par
300
"
preferred_100
Kendall, Co $6 pt pfd A
.
83
U% Jan
103% Feb
5
Kelsey Hayes Wh'l conv cl A_
Class
B_:
p
20
•
100
& Co
-•''
120
31
31%
32%
1,600
2,600
V
(J)
Keith-Albee-Orpheum
WW-*-
113
>110
113
31
31
.
;
22
22
22%
Kayser
500
'
Dept Stores..
5% conv preferred
240
v
13%
133/a
preferred
Kaufmann
200
103
103
14V4
14
4%
600
v
11%
11%
12 V*
103%
23%
*22
24%
4,800
City P & L pf ser JB
Kansas City Southern
Kan
7
63/4
7%
14
*107%
~
24%
*22
12%
7%
*22
Kalamazoo Stove
131
*127
& Furn
2,300
C
16%
16%
16%
131
103
*10%
12
.
■
13
23%
*127
7%
7 Va
7%
16
16%
130
*127
130
*125
130
16 Va
16%
16
16%
16%
*125
7%
7
.
Jan 29
1031% Aug
81%
4
16
Jun
5
109% July 27
7
,
V 24 '/2 May 11
'
lSVaJan
Jan
1% Jan 13
34
6% July 26
24% Feb 26
10% Apr
3
31% July 16
32% May 6
Dec
9
Dec
May'
105%
Jan
37%
Jan
15%
.
1% Jan
30% Sep
17 Mar
2J/8 Jun
19% May
22%, Apr
Dec
29
24'% Jun
23% Aug 4
2% Jan 11
23% Jan .4
Dec
14%
Jan
26% Jun
11% Apr-
58y2 July 29
2
11% Sep
103%
Apr
100
July 15
18% Jan
Jan
4%
Apr 24
34% Jan 12
Oct
29% Nov
10%
1 35% Apr-. 8
2
20y4Julyl5
7
Oct
7%
•
163/a May 11 *
113
.
124
Jan
93% July
'28% Jan '7
25
...
2 3%
Jan
2% Feb
40%
Feb
22% Jan
3'/4
/
27
.
29%
Jan
Jan
Jan
L
*13
14
14
14%
57
58
56%
58
24%
25
24 V*
*16%
18
16%
23%
24;
16%
*!«%
38
26%
-26%
*37
37
26
26
25%
*115
117
119
"117
5%
1%
5%
1%
24V4
24%
24%
17%
*16%
r 36»/2
25%
17 y4
37
37
25%
25V4
26
*115
1173/4.
117%
53/i
53/4
1%
1%
1%
1%
1%
1%
15%
—
*18%
15
29%
29a/8
19
'
18%
15%
15%
29%
19
32%
32%
323%
33 f
3234
32%
38
36%
37%
37%
38
6%
7y8
6%
7
For
24%
*16%
5%
15
7%
•
17%
37
37%
7
58
5%
29
19
13%
60ya
5%
16
19
13%
60%
5%
29%
16
*29
*115
13
59y2
24%
58:
24%
13%
58
*127/b
13%
58
38%
*37
h
Dec
X
32% Jan
„•
71%
■
'
.,
10% Nov
.
•:
109
112
134%
*132
36%
120
13%
Min &
International
3,800
v.
'
36 Va
*36%
*45
32 Va
'14%
?:■
40%
37%
45%
:
8
25% July 13
40% July 2
100
Hydro-Elec Sys class A
tPreferred
' 18,900
;
58
;
62%
63%
40 Va
15%
■Ai
14 Va
*623/a
40
14%
vcr-
33
62
14%
,
•y*139%
29%
*29
*135
:
40
.
7%
14%
•
14%
•
'
41
8Va
,
58
77/a
21% May 10
par
,
Int Nickel of Canada—
'
7%
109% 109%
15%
v.15
15%
15
14
*108%
61
*106
15%
14%
8
61%
*36
120
*106
8%
60%
>39%
44%
44 %
45
15
*
36%
36%
120
14%
:
42%
*39
43
*106
63 '/a
60%
37
37
7%
8%
8
8%
62%
11%
10%
11%
56 %
58
58
,
No
79
Feb
14% Nov
.
30% Mar
July 28
6
Machines——No par
•4%
130
113
18
—No par
Harvester
Apr
Feb
21
No par
Rubber
preferred
Internat'l Mining Corp„
19,100
136
135%
137
5
51
/ 125
28% Jan
100
Iron'
Business
Internat
1,700
30%
293/4
30%
30%
57
8
Int
."
Jan
2
Jun
711 July 14
Oet
158
Apr
July 15
87
136
10%
'16% Jan
No par
1—
3
9
20
tPreferred
>
17% July
5
'• 14% Jan
—_1
Corp—
9
4
par
—No
Mar
Jan
-
45
2
Jan
100
5% May
Apr
May
49
No par
No par
No par
—100
Co
preferred
Internat'l
200
*4%
4%
10%
62
Int
2,400
63
*62
~'-S
63
137
138
*136
138
Steel
Interlake
8,600
''
15%
15%
.
'
4%
31%
30%
30 V2
29%
2
1%
2
:
series A_
ctfs
lntercont'1
140
'
30%
*136
137
137
174 %
*62
4%
4s/a
4% .'
4%
6%
8,000
174
8
100
1000
"
63%
*62
62
62
4%
47/a
*4%
67
15%
15%
15%
.
:;66%
12% Jan
—100
4%
lines
Interchemical
500
164%
164%
67%
167
100
Co
Central RR
Inspiration Cons Copper—
•15,500
164%
5
■—_1
Insuranshares Ctfs Inc
1,800
7%
2
2
2
2%
> 15%
>"
7%
7%
174
175
xl74
6%
7%
66%
67%
66%
Aj'V
*162
163
163
175%
2
15%
*61%.
175%
2%
15%
*6%
7%
6%
6%
8
f
6%
7%
163%
6%
6%
Jan
152
Min & Sm Ltd——No par
No par
preferred——:
6%
60
113
113
Dec
58%
4% Jan
preferred series A
Inland
1,300
35%
*34%
94 %
22 % Jan
Ingersoll-Rand
400
35%
Apr
May
141% Apr
—100
Indianapolis P & L Co
Rayon—
6,200
9
113
113
114
114
114
12
/
*8
9
*34%
34%
34 %
33%
33
*113
114
114
11%
79 %
71
105
;
Industrial
1,600
*8
9
*8%
8 Z
8
:
34%
33 Vz'
115
'.
8
72
110% July 23
6
25
1
Manhattan
RR See
10
72
12%
12 %
12%
8
170
72
;
72%
72
73
72
72%
9
*160
170
*160
170
x92 %
93
92%
93%
93
20
56% Jan
100
Leased
420
9%
39%
*160
6%
/
530
9%
45%
*9%
9%.
93
*162
45%
45%
45%
Jan
93% Jan
—5
preferred
Illinois
7,100
9 %
16%
175
>v
93
168
12
26%
l7/a
—100
—
JHupp Motor Car Corp—;
13,500
11%
26%
Jun
Hudson Motor Car—.
6,500
1%
1%
45%
45%
38%
38
39
93
168
92%
14,200
12%
*26
9%
16%
3,600
9%
9
27
12%
12%
27
26%
26 %
•:•/
1%
1 %
1%
1%
16%
*9
9%
17%
*38
41%
%
9
5%
Hud Bay
Nov
%
44
Howe Sound Co
2,500
8%
3% May 10
No par
Oil of Texas v t c
*2
11%
:!•"
12%
175
33%
32%
preferred
Houston
25%
27%
8%
8,500
Dec
May
10% May 28
No par
;
_
7 %
1%
17
t5%
200
7%
—
.
Household Finance
1%
1%
9%
110%
33%
1%
17%
40
33
1%;
46 %
92%
33%
9
12
17%
33
600
7%
7%
>
B
Class
3,500
110%
111
7%
33
9%
1
*54
55%
55 %
15%
56%
15%
15%
110%
7%
25%
26%
*9%
h
7%
*41%
?■
44
1%
•
27
46%
56
112
56
111
7%
83/4
•12%
12%
56%
25%
;
'a-'
i%
'26
15%
"preferred
Jan
4%
88
Jan
9
No par
100
12.50
No par
IIoudaille-Hershey cl A
300
44
1
(A)
Homestake Mining
7,600-
*6%
7
9
*41%
15%
111%
32%
2
8%
26
42%
15%
7%
32%
2
2
41%
15 %
111
7%
31%
32%
32%
42
V
56%
57%
>: 111%
7%
7% '
36%
15%
,*56
38
37%
V
80
2
10
1
10
—5
Holly Sugar Corp
7%
38%
36%
38%
37%
700
15
Jan
Jan
73
The_
(Del)
(C E)
Jun
Jan
16%
146
Apr
3% Mar
1% Jan
130
Furnace
Hollander & Sons
1,000'
120
*117
120
*117
120
*117
120
16
*111
7%
*168
38%
14%
*14
42%
56%
1%'
*36%
*14%
14%
*117
111%
56%
*111
39%
14%
14
36%
15%
v
*37
*13%
37%
,
*40%
44
*42
38 %
38%
,.
120
36%
37%
•
*37
38%
*115%
118
36%
*
*22 %
Hires Co
*22%
'22%
500
22%
22%
22%
*22%
22%
102
No par
Hlnde & Dauch Paper Co.
•,'*18%
19%
19%
19%
22%
preferred
conv
2
—100
No par
—No par
L
preferred--
cum
$4
115 '
*112%
115 '
*112%
115
Powder
6%
Hershey Chocolate
*18%
14%
14%
*115%
*112%
V
Hercules
.40.
100
1
65%
5
7
No par
1,500:
f:
Apr
4% Jan
__1Q0
Motors
19%
15
15
115
;.
Hercules
.
*63
W)
1,100
15
77
*135 ;•
65%
(G
12%
X126
144% May 14
7% May 29
104
25
25
Preferred
*18%
38%
*36
64
;
,
76%
t
77%
136
*63
64
68
19%
19%
22%
77%
135
400
Helme
162
-
*14%
15
15
15
78
410
Apr
2
Hayes Mfg Corp
tHazel-Atlas Glass Co
6,300.
*18%
*18%
23%
!
*18
6
15
*64%
*153
162
*153
160
' 900
.
106
106
66
66
66
*135
64
*112%
115
*112
v115
*112 "
107 %
78
15
136
*63
64%
*63
64V2
.-'63
138
*134
*135%.138
105%
,J
98
6
Jan
t per share
107% May 15
18% July 6
6
3
86
Highest
$ per share
Feb
135
100
1
100
1
of Amer class A
preferred
Hayes Industries Inc
$ per share
13% Jan
par
Hat Corp
.-.400
2%
2%
No
Refrac
6%%
7%'
7%
2%
106%
*152
77%
76
*134%
2%
*64
160
*14%
15%
77%
2%
;
106%
■■
66
*152
160
77%
15 %
79
107%
•>65%
67
*153
160
*155
2%
2
.
107%
107%
1071/4
108
108
2%
;\,Y.
:
103
*101
7%
>> 7% '
7%
7%
6 *
*5%
-
103
*101
103
*101
7%
7%
6
99% Jan
No par
preferred
6%
147%
*140
147%
Harbison-Walk
•1,100
16%
Co $5 pfd
1042
Lowest
Highest
$ per share
Par
.
(M A)
Hanna
50
?
107
16%
16%
*5%
n.v;
.
"
7%
7%
7%
7%* '
Lowest
EXCHANGE
Shares
share
107
106
*140
147'/a
*140
6
6
6%
147%
*140
147%
*140
148
*5%
$ per
share
16%
16%
16%
16%
106
106
106
106
*16%
16%
15%
16%
106
107
*106
107
*106
$ per
Year
Range Since January 1
STOCK i.
YORK
NEW
for
the Week
*
$ per share
$ per share
share
$ per
per share
Sales
'
Aug. 6
:.
Aug. 5
Aug. 4
Aug. 3
Friday
Thursday
Tuesday
Aug. 2
July 31
HIGH SALE PRICES
Wednesday
AND
LOW
Monday '
Saturday
footnotes see page
555,
"
15%
293/a
29%
193/4
34
39%
*19
T
34
38%
7
7%
*16%
>
37
37
25 %
25%
*115
5%
1%
*15y4
29%
19%
*33
38%
7
117%
*115
,
6y8
1%
15%
29%
19%
33Y4
39%
7%
;
.
.
5%
1 1%
*15
29%
*19V4
33%
38%
7
13%230
/
370
24 V4
4,400
17 Vz
'
100
36!/2
500
25'/2( •'
: l,100t
117%
5%
1,400
60 >
1%
15%
."V
V...
293/4'
19%
333/4'
39%
7%
J
J"
.
7,800
2,400
2,400
800
1,300
4,200,
25,800
Laclede Gas Lt Co St Louis
-100
9% Jan
5% preferred..
—
100 /
35 Jan
Lambert Co (The) J
—
No par
17% Jan
.'Lane Bryant.——i.
1—No par... y f 11% Jan
Lee Rubber & Tire_—
5
, 26y2 Jan
Lehigh Portland Cement
25
20 Jan
4% conv preferred
100
107% Jan
fLehigh Valley RR—*
-50 ,
2% Jan
•
Lehigh Valley Coal
6% conv preferred—
No par
50
Lehman Corp (The)—
—1
" Lehn & Fink Prod Corp——5
Lerner Stores Corp_^
„„No par
' Llbbey Owens Ford GL_—
No par
Libby McNeill & Llbby
—7
4
4
7;
'7
27
4
27
2
}gJan~ 2
11% Jan 6
24 Jan 12
14% Jan 6
237/s Jan 8
31 Jan 12
5 Jan 2
16% May.21
72% May 21
- 29% Ju p.-J
A 193/4 Jun 18
39 July 1
29 July 17
120 . July 20
8% May 19
2% Jun 1
203/4 Jun 5
July 14
Jun 26
Jun 7
July 15
8% Jun 17
32
22%
36%
43%
,v
7%
.21%
11%
8%
15%
18%
104
23/a
Apr
Apr
Jan
Mar
Apr
May
Aug
jun
Dec
8% Jan
17%
113%
18
20%
4
Apr
Apr
Apr
Jan
Mar
13
41%
■
May
Sep
18
Dec
11%
Dec
28
Dec
23%
Jan
113
Jan
4
Jan
1% Jan
15% Aug
25
Dec
14% Aug
26% Dec
333/i
Dec
5% Jan
f
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4201
LOW
S
per
Aug. 4
$ per share
I per share
38%
38 %
38%
68
67%
67%
67%
67%
68%
68 %
69%
69%
70
68%
180%
181
181
*23
26
*180%
26
34%
35
39%
39%
*39
*19%
19%
19 %
19%
>.
181'
181
25
25
34%
33%
34%
40%
40%
40
18
19%
18
19%
19%
19%
•
•
19
,
18%
19 %
*
34%
20
18
18%
V
17%
18
17%
60
V
59
60%
60
61%
46.;';
46
44%
45
45%
45%
8%
9
*19%
18
59%
47
9%
24%
.-¥,'■*8%
25
,19%
*21
>
27
33%
34%
27%
27%
*13Va
13%
18 %
*280
71
*25%
27%
r
.
'•
-•
*133. " 138
'
33 '
27%
13%
•
18%-'
•
320 *
"
"
26
•
20%
21
70%
.
a
-
70%
26%
4i,
v '*13 v'
17%
*13
320
6%
6%
6%
10%
*10%
10%
10%
10%
10%
11
*10%
10%
18%
16%
17%
16%
16%
17%
17%
*17
18%
3'A
2%
3%
3
6
5%
6%
;
'•
•-
j
6%
Forbes
&
2,700
Macy (R H) Co Inc—
'•. ::':■:;■■ 6%
6%
6% fV/:
';
17%
320
'
•Magma
1,600
>
>
.r*.
Copper—-—
Mahoning
Coal
2%
•'•:
5%-
5%
:V -'
14%
14%
'••■••*
15%
15% "
18'A
>-5% V'
15
*•
18%
22%
5%
■:
5
"
■"
^
16
♦111
51%
5Vs
7
64% July 24
,
2
12
38%
23
29
May
135
18V4 Jun
14
10
Jan
17% Aug
4
..
52%
53
5 ??;; > 5 Va
4
24% Mar
320
26
25
Vb
25
15
14%
14%
14 Va
44%
44
44
44
115
9%
*114
20%
21%
21%
*114%
>■20
15%
:.■:■■
•: 114%
8%
8%
*80
85
*80
74
74
♦73
32%
32%
9
2
11
Aug
4
May
x6Va
19% Apr
5
11% May
16%
3Va
5,600
Maracaibo
_1
1% Jan
27
4% July 14
%Mar
Corp
^
5
Market St Ry 6<fc pr preferred—.100
3y8 Jan
2
6% July 13
2% Jun
115
114%
8
;.;
-1,190
,
'•
78 >■■'.•
85
*80
*72%
5%
■
5%
>
Co
3% Jan
1
;
2
8r% Jun
9%
9%
9%
8%"
400
>
22%
,5
••'
'■
21%
'
•
10
115
7%
84
■/
39
*37
39
*24%
26%
*25 Va
26%
*25%
26%
32
31%
32
31%
31%
31%
31%
31%
31%
*31%
7 Va
7Va
7
38%
7
23%
22%
23%
22%
22%
22%
23
22%
27
27%
25
27%'
25%
25 Va
26%
27
*25%
125
125%
125
125
*122%
69
*68%
67%
124
66 %
67%
125
68 Va
67%
*105
109
*105
109
*105
113
♦112
113
112
'■
*,
V
-.'/S
6'A
6
6%
85
22
2%
86
86
22
85
21%
6
:
I.I
21%
81%
103
114.
6%
21%
21%
2
2 Vb
6%
7%
■6%
7%
25%
24%
25%
25
82
81%
82
2Vb
2
?;
83
22
r
25%
25%
.•
;.
83
84
83%
116%
♦115%
116% ."?>
*115%
116%
*120
125
*120
125
*121
125
121
121
*120
*111 %
113
112
112
*111%
114
111%
111%
*111
43%
45
33%
45 %
yy:.y
45
45% ;:v"
45 Va
45%
43%
*33%
35%
33%
33%
33 %
20'A
21%
19%
<21%
a.-: 19%
21
20'/a
21
14
13%
13%
13 %
13%
13%
13%
17%
17
17%
16%
17
16%
16%
16%
27%
27%
27
27%
27%
27%
27%
27%
*27%
<%*■ 4%
'
4%
4%
4%
4%
4%
72%
*68 "A
72%
68%
68%
*19
19%
19 Va
*19%
20%
*74'A
*73 V-:
75%
75% *
;
•«"
•
*
19% ; v. :
75%
■,:>;
741/2
117
117
10 V
io:
''9%
♦39
41%
*39
V:
'
•
•
V
-
4%
•"
4%
•V 19%>%
% :,:-:;*74
•
10'%-.a
*39
k
30
•$4.50
Carpet
1 Va
1%
11%
1%
11%
*1%
1%
iy8
11%
11%
11%
11%
12
34%
33%
33%
16%
16%
16%
*1%
11 Va
1%
*1%
1%
11%
7,
11%
34%
34%
>•«, *33%
33%
34
16%
16%
16%
16%
16%
9%
*11%
llVa
21
9%
10
9%
11%
-
11%
9%
20% I
9%
9%
11%
11%
11%
11
11%
21
*174
>
y
*9%
9%
11%
v
11%
11%
21
177
20%
21%
34
16% V16%
9%
J.1%
v
11%
11
11%
21%
.
11%
*33%
V
11%
*11%
21%
'■
■
Mills
Chemical
$4 preferred
Morrell (J)
;
Co
Wheel
Co
Munsingwear Inc
200
v
140
:
•■>*174
•
*19%
*
19%
8 Vb
8%
26 VB
12%
12
9%
.V 21
7
•
1C%
31%
12%
12%
*19
%
3,600
21%
9
9%
26
:
•
10%
'
26%
13
19%
12
-National
Aviation
7 %
100
9,000
Nat
Corp—
Biscuit Co
National
i
Share
&
Corp
Can Corp_
-No par
Nat Cash
13
2,100
National Cylinder Gas Co
19%
11%
5,000
9,400
Nat Dairy
I,900
National Dept Stores
*ioy8
10%
■•>'■10%
10%
*10%
10 y4
200
30%
31%
31%
31%
'•7; 30%
31%
7,800
6 °!o
Register
1
-No par
No par
10
Products
*22%
>
88
16%
>
:
176
*174
148 Va
148%"
18%
18
174
-■•:
'
9%
9%
*174
'
;
87
88
16%
preferred-"— i-
88
:
16%
:>■• 174
174
*147
■
148
148%
r;v'
*171 Va
Va1
88
&
,
•16% •?•:
173%
'
•"••
■
9%
87%
16%
r *22%
23%
'*22%
•v 9
9%
v:
Nat Distillers Prod
No par
•
24
16%
-j.
■•■'# 175
*143%
18 %
>'V 17%
-
*22 y4
16 Vb
148%
*147'
22%
22%
87
16 Va
16%
.'..174
•>'
'
■;
90
*88
88
16 %
9'A
30
8%
-
•23%
8%
.•■■;;•
,
29%
,
*22%
22%
9%
9
30.
.
17%
18
18
18
-.•>? 15%
31
♦30
31
30%
30%
•'
15%
*29%
87%
■•;
88%
•16%
*147' V
*147 y 148 %'
148%;
15%
Nat Enam & Stamping
National
10,400
170
$4.50
;
90
>15%
17 %
1
preferred—
conv
Lead
No par
>10
Co__
preferred A
t6% preferred B—_
1,700
No par
Sb'l Cast Co_
.Nat-Mall
30%
6
6'
58%
11%
24%
~
.
6%
•: 58 v4
11% '11%
12%
24%
31
*29%
,58 :
6%
58
V
6VB
58%
11 Va
70
57%
6% >*•¥
6y8
58%
;
12
71
82
>
25
*81
.
12
24%
V
6V2
6%
6%
58
58%
.
12%
*30
•• ;.
'
12
*
'
•'
•■'••-:
58%
12 V4
J
31 r
>
6 %
6%
200
■i
National Oil Products Co—
2,200
;
13,200
•
12%
National
Steel
72
81%
5%
5%
8%
""•"•■
71
.81%
*81
.
8%
5%
8%
15 %
71%
70
81
;
.81 ■>
6
*8%
9
,17
16%
:■•■>'
25
10
.40.
100
24
*21
23
*20Va
22%
*20%
98 %
*93%
98%
*93%
98%
16%
••
21%
*93%
56
*52
56
112
112
*54
,55
*112
94'A
-
;■
*54 Va
•a-
112;-
National Supply
(The) Pa__
55
31
31
<30%
30%
15%
15
15%
14%
16%
16%
16%
16%
16%
16%
16%
99
99 Va
99
99
35'A
35
35%
16%
16%
99%
36
35
*99
For footnotes
15%
see
16%
page
555.
15%
16
.
-
=.
100
35%
'
16%
2,600
16%
11,800
•>
22%
94%
!•;.'»" *54%
t5%%
t6%
prior preferred
prior
preferred
National Tea CoNatomas
•
35%
157/a
16%
-
Co
.'
100
No
par
-No par
100
s
Nehi Corpl
:
Neisner Bros Inc-
90
•
116
4% %
-No par
conv
'
55
*112%
'
15 Va
99%
!
60
■
30
'
'*16Va
99
.
>
36
.-•
15%
16 Va
*30
14%
30%
15
-
Newberry Co (J J)
5% preferred series A
Newmont Mining Corp
1,500
II,200
t
16
-
16%
3,900
■'
99
">
99
*35
■•••
99%
1,000
!
*35
"v15%
36"
15%
400
56,900
■
>
_1
serial preferred—100
'
30
.
$2 conv preferred-
1,500
9 .-■'■•
94
114
14%
14 Va
1,040
>:
.5%
*21
21% V
94%
29%
30%
14%
8%
16
17
14%
31%
14
15%
21%
•
114
'
' "
.
114
55
71
2,500
81
5%
":■'
,
71
*80
••
-••
9
30%
31%
*35
*53%
*112
.5%
■:•
25
""
17%
•-
98%
113
57/a
9
:>
;
"
*22 Va
*54 VB
24%
■•■■>''
>7 PA
81%
5%
♦93%
*110%
26 f-v: -:?.'.
81
8%
17
>25%
71
t
5%
9
;
15
17'A
*25% ,,26%
5%
5%
8%
16 Va
24%
24
69%
72%
*81
'Vi;.
Newport Industries
No par
100
10
1
1
N'port News Ship & Dr Dock
:_1
$5 conv preferred
No par
New York Air
New York
Dec
Mar
Dec
48 Va Mar
Brake
Central—.
No
par
—No par
Feb
3
28%
7
12%
Dec
17
Jun
5
6%
Jan
11
18% Apr
7
9%
Apr
12%
Nov
20% Aug
25%
Jan
37
31
Mar 29
29% Mar
Oct
7
Jun
3
2
Sep
77
Jun
25
50
Jan
63
Feb
23% Jun
26
11%
Jan
17
Dec
69%
Jan
77% July 21
117
Aug
4
3%
49
May
108% Sep
113
Jan
Dec
11% July 19
4%
Jan
6%
Nov
27
30'/a
Jun
39%
Feb
44
Feb
1% Feb
11
1
Dec
11% July
8
12 Va July
14
13 % July
7.
3 Va July
5%
Nov
Jan
8%
Dec
6 '/a
July 16
13
July 20
140
Jun
7.
28% July 16
Oct
Apr
5%
23
10
Oct
Nov
19%
3
174
21'A Jun 24
7
29%
May
9%
May
May
16%
Oct
166 Va
Jan
12%
Apr
3%
Jan
11
,'
Oct
,16%
Dec
5%
Nov
Jan
20
Dec
14% May 10
6%
Dec
12%
Sep
Apr
9%
21% July 23
14 Vb May 26
15%
Aug
4%
Jan
7%
Nov
2
19 % May 27
14
Jan
Jan 13
Jan
6
14% Jan 13
•
No par
Corp__——
'
-
34%
2
3
7
2
30% May
:_4
National Power & Lt:
24,500
58%
Apr
1
160
137
'
58%
11%
•-
>;
23'/a
19% Apr
2% Jan
52
Jan
5% Jan
14V4 Jan
57
Jan
62
Jan
2% Jan
;
6
Jan
9% Jan
-
16
74%
37
106%
26%
Jan
Jan
Jan
Mar
Jan
10% Jan
16
July
95% Jan
.27% Jan
10% Jan
10% July 31
8% May
34% July 12
17%
25% Jun
8
14 "A Mar
11% Jun
4
88 % Aug
6
178 Va July 13
150
Jun
28
60
11%
129
Mar
13% Dec
36
Jan
2
5
2
4
5
7
% Jun
15% May 28
4
28 Va Jun
9%
2
,2
64 % July
7
14
2
Sep
Nov
6%
72
Mar
16 %
168
,
Dec
Jan
Jan
146
Jan
17% Mar
36
Nov
3%
54
Jan
Oct
May
6Va
Jan
Jun
16%
Feb
1
45% May
2
51
7% May
63
Feb
May
70
Feb
8
2% Mar
4
5
4%
Oct
9%
Feb
5% Mar
9%
Dec
7
19% July 1'
4
24
2
12
Apr
43% May
Jun
88
10% Apr
27
ft
1 Va
Apr
80% Jun
5
4
11
31
2
12
29%
Nov
26
18
.
Jan
145
8
4
Apr
Apr
May
May 27
.
9%
3% Apr
22
•
*29%
July 14
4
1
100
100
—
'
60
■
No par
Gypsum Co
National
-4,300
.;.-174 ••:•,' 174 :•*■*:
v
>:
9
16%
-
100
23%
•
8%
Oct
Jan
Jan
2
Jan 13
Mar 16
x25y» Jan 14
17% Jan 15
6
Jan 12
70!A Jan
4
■
'
29%
Jan
110%
3% Jan
7
4
5
4
4
Oct
91
16% May
13% May
Jan
Jan
Jan
Jan
Jan
Oct
Oct
18
Apr
110
112
7
162
17
5'A
18%
9%
14%
6%
.
9lA
Nov
1 %
4%
102%
29
29
15% Jan
Mar
14%
Apr
Jan
15% Jun
8'A Feb
8% Jan
Oct
Dec
67
12% Feb
66
Oct
3%
& Jan
5'A Jan
100
-No par
>10
preferred—
Bond
National
8%
1%
40% Apr
-
10
;
1% May
57'/a Jun
.1
Jun 18
6% Jan
2
23'A Jan
2
1
10
-5
preferred:
conv
11'/a
12%
-
6%
Dec
Jan
15l/2 Jan
>
100
1
'
Nov
59'/»
35'/a
27% Jun
8
34Va Jan 12
No par
-5
—
26%
v.? 19
19%
?
9,700
7
9%
'26
11%
•
19%
8%c
12%
19%
11%
r
175
*18'/a
2 6 y8
f
12%
19
11%
12
*174
•
19%
9%
12%
19%
11%
*10'/a
•
19%
25%
19
12
*10%
10%
30%
26 :
11%
175
900
Co-
Acme
Oct
108 Vb
120
Jan
2
Jan
7
Jan
5
Apr 13
July 3
Jan
2
Nat Automotive Fibres Inc—
2,800
11%
n%-
21%
*174
9%
12%
11%
175
19%
9
25%
>19%
19
-
19%
8%
26%
12%
19%
*19 V4
9
26
12%
19%
11%
19%
19 V4
8%
26%
*174
177
National
Dec
23 va
117%
2%
53
15
62
111
5%
Corp
Jan
19 Va
16 Va May
88 % Apr
May
May
May
Mar 19
5
Jan
7
Jan 12
Jan
8
No par
100
10
No par
7Va
4
50
;tNash Chatt & St Louis
4,700
11%
11%
2iya
16%
119
Ifffll!i|||ill
N
Nash-Kelvinator
July 19'
3% Mar
11% Apr
6
28% July 23
92 % Jun 30
14
Nabco Liquidating Co—
35,600
25
2
Jan
Jan
Jan
& Bro
Myers (F E)
July 23
Mar 10
Murray Corp of America—
11,700
'•■»:': •/■:-■
98
114
Murphy Co (G C>
t4%% preferred
Apr
12 Vb Mar
10
2
;
Jan
111
Jan
No par
—No par
Oct
30>/a
108
108%
33'A
31%
13
9%
11%
21%
—1
$7 preferred
33%
Jan
par
-
Oct
Apr
Dec
May
—No
—1
Oct
29
21
103 Va
Apr
!
6
Mar
xl07%
121
;
Jan
Dec
77
4
20
50
Feb
32
21
Jan
No par
5
72
Jun
Apr
114% July 22
:
Dec
8% Jun
3% Jan
4
17 Vs Jan 12
8iy4 July 31
-No par
No par
Oct
113% Feb
110
118
Mullins Mfg Co class B
20
•■,
% Jan
>
6
par
Corp—
Brass
par
July 19
76% May
7% May
5
26% July 14
31% Jun
7
128
Jan
24
No
& Co_
500
:
'
177
174
4
8
19
10
:
B
Essex-
&
Mueller
600
160
t
*9%
.
106y2 Jan
20
series C
300
(:■/
•ii%
•>
<
6
7
Jan
108
22% Jun
..
9% Apr
18% Jan
Dec
7%
Apr
4%
No par
series
Motor
32%
16%
f
4
15% Dec
110
20'/a
34 % Apr
20% Jan
100
Moiitg Ward & Co Inc
37,500
,
11%
32
'
13
Dec
55
8
July
Jan
.
Nov
64%
26
32% Mar
par
10
1,400
1%
':
42
2
5% Jan
,
—No par
'
*7 11%
26
4
Dec
9 '/a
x5% Nov
Apr 14
Jan
2
Jan 17
Jan 13
Motor Products Corp
:
41%
1%
'
6
Aug
109
3
64%
13%
preferred
Preferred
il|
*
94
Jan
;
107
-
tMorris
-v
97/a
v
Corp
1,800
'
r
.•<75%
:■
25
100
1
preferred series A
2,870
:
116%
9%
•;'■
;:,4i %>•:■:
%
Monsanto
:i,ooo
t :'•
•
>
■75
*115
117/..;:
9%
*39
v
7
9,800
;
*19% •20%
•
4
2
100
Mo-Kan-Texas RR
20
:'.3
■>■■"■:■
4%
-
•
72%
75%
i
28
v'
Mission
10
17
*27%
•
Mohawk
:.;■:
19%
v?
25
24%
May
5% Jun
July 22
Feb
Feb
preferred series C
Minn Moline Power Impl—
$6.50 preferred
-No
2,000
•;
13%
.:•
v
;
*115 «/a
41%
>
70
75%
10%
*39
41%
28
83
17
H
115% Aug
10% Apr
Jan
39
101
Feb
58
pfd series B
conv
2,600
116%
19%
'••
7
Oct
Jan
108%
Jan
6
78
—No par
4%%
17,500
,:• 121
13%
16%
.
1,600
■.
-.
.'f,
*32 v.-; ■34%
,
-
15,400
<
44%
20 •;tvA
19%
25%
44%
34%
*'
:
4%
t
40
500
2 Va
111%
•"13% ^
68%
■*•
19%
ii7
*115%
'
10'A
9%
'
'
117
*115%
v
10 Va
41%
1
74 »A
74%
1
116%
10
*39
'
„
*32
33%
20
4%
71
116%
*32
*68
5%
4%
*67
r
■■:;■•:
■■/..
21%
111%
1
....
•:i'
f-
1st preferred
cum
Minn-Honeywell Regu
.7,200
87 'v
116%
<
Ui:
.
8%
1,400
■
j
.
■
7 Va
*120
-45%
13%
17%
•
116%
19%
14
44
100
9%
28
Deo
14
Oct
11% Jun
Nov
12%
6% Jan
27%
89
par
22
May
99% Aug
14
Apr
8
Nov
101
10
6
Jan
3%
Mar
May
Jan
46 Va
Jun
9
34% July
12% July
100
-No
76
Jan
176
13% Sep
4
Jun
Ym Nov
29%
Jan
25% Jun
4
10
Petroleum.
Prod
1%
115% Aug
i
'Feb 9
4% Jan
5
Steel
Dec
Aug
19 % July
162
Apr
31
Apr
28% July 15
-
124
82%
112
116%
116%
Midland
i
Jan
67% Jan
9
60 • Jan 15
5
No
Co
Co
Mid-Continent
1,000
25%
121
*115%
4.200
2%
83
*115%
22%
7'/a
v,:
Trans
27 *
21%
25%
Min
6>/a
27
1
50
.
Jan
3%
16 Va May 19
Feb 24
6 -
1
t
Copper
6Vs
•
conv
.Miami
*6
2 Va
5%
Merch &
No par
—No par
(The)
1st preferred
2,100
108
7%
25%
V
300
114
21%
2Va
Mengel Co
5,000
101
Jan
25
50% Apr
6
13
26 V®
34 %
113
27
109 % Apr
No par
;
7
6% Jan
:
100
Corp
7
*82
7
2Va
7%
Melville Shoe
14% Jan
100
_1
t$5.50 pfd ser B w w
160
800
13
18
j,
-
«.
Machine
*104
85
Inc.:
Co
Jan
21% July 23
16% July 27
8% Jan 11
38y4 Jan
7
.
Oct
'12%
Sep
107
:
<
Jan
11'A
Apr
8%
19
July 15
57% July 8
7% May 29
32% Jun 10
7
19 y4 Jan
par
-5
preferred
conv
11'/a-Jan
104 «■ Jan
Jan
3 Va
22% May
7
July 17
174
5
2
100 % Jan
9
12% Jan 16
.1
i
—No
t$6 preferred series A
___
.
■
A
i.
Jan
Jan
j
Dec
Nov
17% May
.•:
27% Mar 26
2y2 Jan- 7
21% Feb
4
100
*
Mead Corp
>
>
Stores
2
37
Jan
2
4% Jan
15
May 27
7% Jun
4%
43 Va July 16
11
.21% Jan
5
July 14
•:
2% May
11
32
1
Jan
165
1
preferred
Mesta
*112%
/
6 Va
21%
2
83
6
*82
7%
:
>>
85
21%
85
2%
26
26
*104
K
1
Robbins
&
t5 y4 %
6%
40
:
•■■
i
■
McLellan
3,600
68'%,;, 68%
*112%
'/'■•
Corp
1,400
,
124
69
111%
85
85
7%
'
.'•: 7%
123%
108
*104
6 Vb
.
18'A Apr
5
31'/a May
,
10
conv
McKesson
130
1,500
'
Stores
32
fl.2g
'
par
Mclntyre Porcupine Mines—.;
.4,500
•
r
■.«
26%
22%
r;-
27
3% Jan
;22
-
McGraw-Hill Pub Co™.
700
1,200
38%
'•
7
..
22%
6Va
112
6
.
111%
109
*112
*37
7
,
23
65%
24
par
-No
preferred
McGraw Elec Co J
1.300
■; i ..;•./>
8%
♦25%
*37
5%
.
f
33
8%
*37
65 Va
6
par
1
McCrory Stores Corp
74%
; ■;-' 32%
9
preferred
1,700
■
8Va
*80
*74
•
33%
7%
McCall
'■i■■':■
115%
115
-•
73'
8% 'Si
9
:>
84
73
•.;■;
16
9%
.
8%
'*80
25
•
115%
25%
124
xl7
No
Wks
2,000
'•/ 21% "21%
115%
7%
-
400
V; .!"'•'
t
A 44
•
39
125 Va
2
,17% Aug
Maytag Co
No par
$3 preferred
No pat
'$6 1st cum preferred——No par
.
*14%
44
«',
10
30% *
*24%
10
■*; *32%
33%
■
25
.
5
No
„
5,400
IO
,*37%
7
Jan
9"% Jan
100
i
5'/a
..
112
.'". > "
■
Co
May Department Stores
2f>.
>.
..
Elec
Mathieson 'Alkali
1,700
V
15'/a >15%
*
Master
1,000
.
27%
7% :•■•••'.
9
<
L
Corp_-__iCorp
i,
Masonite
200
.1
•
..
&::y
39%
7
Co
.
:■
par
53%
*25%
7%
(Glenn L)
,.No
.Martin-Parry
'5,500
-,
>■•:•
'
*37%
7Va
Oil Exploration
Midland
Martin
5,300
'
32
No
.Marshall Field &.Co
■
38%
"28 %
30%
115%
73
33%
v
'21%
*114%
85
73
33%
'
•
6,100
.i-. A
■
:■
Marine
15,100
•
15%
20
"■44%.
' '"*9%
8Va
33%
16
44
v
115%
72%
9
t.
-14%
•
*105
'y
15%
"115%
-9%-
8
•
y,
107V
*14%
•
115
9%-
114%
♦80
U:
74
5%
*52
'
16
21%
'
9%
7%
85
■
>..
' I''?
•
.
27% Jan
i
8
*174
>
31
■•
Jan
Dec
<
■
6'A Jan
■
103/t
>13%
9% Nov
19
6
Mar 15
14 "A Jan
22%
5Va
15%:
•:?44%>'v'
21% >'•>
33%
-
33%
9%
21%
*114
114%
*114
8%
25%
*15
*43%
115
*105
•■•
Jan
25
*27
'•
v'V "ids-y ijj •■.;.■
25
25
25%'
y
113
15
9%
>
15%
*111
25
115
9%
9%
■
20Va
44 ••»
•■•:■'•:
20%
21%
115
115
T'f
9%
8%
25
'
*105
■
21%
Apr
par
.
53.--,.
*30%
31
*30%
"V
113
15
'"'•;
Jan
36% Jan
17%
Bros
-
' '.y'
131
Sugar
17%
23
23% Jan
Dec
Mandel
15
/
Jan
26% Dec
3
Manati
H 38%
■'
5
'
i_'
15%
44%
22%
•
122
Dec
18% Jan
76%
16% Apr
6 :,
17
30% July 15
14% May 19-
Mar 15
•■'
Bep
Manhattan Shirt
•:
5%
May
Nov
600
'
38
*174 <:<-
52%
'■
19%
*111
Jun
37
19%
16%: NOV
163
11% Apr
8
Dec
400
14
28%
*27%
2S
'
*24%
5%
38
•
-
28%
;,•:
Mar
65%
<
Dec
42%t Jan
7 Va
Mar
July 22
Jan
2
320
46%
r
11% Apr
July 24
20ya Jan
28
10
15
128
79
6
-133
Co_——^
.
8
par
Jun
2% Mar
10
27% May 6
21 Va Jun
5:
163 »/a July 22
22 % July 19
15% Jan
59% Jan
..
Jan
31%
6
II % May
13
16% Jan
37
51% Jan
Nov
9,500
•"
18 Va
Jan
Feb
37%
;
6%
14%
18 Va
1
*173 5
31
■!
*15%
;
>
Dec
Dec
Nov
32%
j
17%
"j3
15
^
16 Va
24%
25% Mar 29
Jan
23%
10%
'
18%
113
•
14%
Oct
11% May
14% May
5
Jan
•
6%
5%'VV;>."■'•;•' ' 5%
15
-
5% '->■
5%
»38
V 28%
22%
*105
r
•
15%
15%:
18%::"
'-y i2%
177
*16%
.
...
'
173%
;v>-- 3i >:'
31*
15% -15%
113
28%-
4%
*105
..."18% -i9
18%
'*15%
5 Vs
38%
:
'•.
51%
5%
*30
30%
14%
15 Vb
Jan
Aug
*10%
'v
3 Va
..
May
9%
'
22%
54
'S-
1
'18%:;
173 Va
23%
•
52
•
*105
18%
■•••"
..':•
18
•
38%
♦173
5%
*111
r.v;: 18
'
28%' v {'■ *28
23
3
'
39 V*
53%
30%
15
'
22%
"
5%
15%
15
*27%
.
—J""'
*53
•••
;
5%
5%
*38%
v
"28Vb
*173
3
14%
15% "•
••••:
5
39%
28 %
■ a"
5%
18" -18%
5%
5'A
*39
2%
»
•
14% "14% •*
•
r
3%;
25 Va
6
•
r
Jun
43
July 20
21% July 27
21% Jun 26
18VaJan
—No par —*
No par
Madison Sq Garden
200
-
•
22 Va
4
100
.No
Apr
19
148% Jan
10
preferred—
Mack Trucks Inc.—___-
16%
7
100
100
-
28% May 27
44
May 27
37% Jan 11
6 % Feb
4
;
—No par
3,300
>13%
*280
6%
•
MacAndrews
*300
-
27%
■•'.: 17%
17%
*280
*17%
6% SV:
Louisville Gas & El A
Apr
Jan
10
;
164%
42'A Jan
par
25
Co-
6
182
16% Jan
'
18
320
*10%
6%
*.
.
33%
27%
Biscuit
(P)
preferred
74%
15% Jan
No par
Louisville & Nashville
-
26%
'
1%
.
>700
138 "
—No
73%
Apr
4
,
Jan
Apr
12 >/a Jan
No par
1,400
.
13%"
13%
17%
280
70
33
Loose-Wiles
Lorillard
2,700
20%
*26
V,:'
j.,
•
_1
Long Bell Lumber A
1,200
19%
161 y4
*135
28
♦13 ;
*280
26%
*
69%
138
27%
2,400
20%
•
26%
*135
28%
18
26
••
33%>U- V':
*28
320-'
26
19
':■••'
13%
18
Lone Star Cement Corp
13,400
9
*158
;
27%
.
2,700
8%
33%": ,r "'33%
33 Va
- -
46%
19 •
27%
*135 ^ 138
-
33%
*280
•*
*26%
'
4,700
45%,
9
:
(•..
33
50%
34% Jan
,
.
Highest
I per share
Mar
60%
22% Jan
No par
Lockheed Aircraft Corp
Loew's Inc
19y8
'7,;,
Liquid Carbonic Corp
18%
60 y4
-161%.' 161%
21%
70%
14
18%
-•
21%
70 %
27%'
27
7
•ir
21%
7
33% "
v
>*280
•
19
158'/a 161%
1,100
17%
71
July 15
73% Jun
4
2
3
.
par,,
20
July 26
24
par
1942
share
per
Apr
No par
*
59%
8%
25
19
19 Va
161%
70%
26%
*13%
18%
320
18%
No
•Lion Oil Refining Co-
45% 7:45%
7
■
21
138
•
33
>
25
24%
24
Link Belt Co
1,800
»19%
174
No par
18%
9y8
70
28
*133
•
9
21%
70
138
t:-
161%
•
,162
*21%
71%
*25%
19%
19%
162
21%
*133
■
24%.- 24%,
19%
>162<*. 164
-•71%
i
9
Lima Locomotive Wks
61 777 61%
.
62'/a Mar 25
100
i
41
4
63'/a Jan
No
500
.
i
Jan
25
Lily Tulip Cup Corp
2,700
41
30
Year
Lowest
I per share
share
25
Series B
tPreferred
400
:
i
S per
0
_
Liggett & Myers Tobacco
,
120
,
*18% '. 19 1
19%
17%
18%
59%
C
*39
Life Savers Corp
1,600
34%
18%
Range Sine* January 1
Lowest
Highest
,
.
Par
.700
.
i
34%
40
18%
18%
9%
182.,
,;.*19%
59
46
(■
25%
34%
x40
.,
i
*25%
Range for Previous
STOCK
EXCHANGE
200
70%
181
NEW YORK
Shares
69
-
70
182
for
39
69
25%. -25%
7
40
18%
,
19%
*37%
69%
*180%
35
.1
39
69%
V.
25%
35
40
33%
$ per share
•68%.-69%
•
181'-
25%
.
*37%
Sales
the Week
Aug. 6
t per share
%
38%
40%
69
Friday
Aug. 5 /1
*66 '/a
67%
69
180 y2
Thuraday
*38%
67
STOCKS
Wednesday
Aug. 8
I per share
40
*23
PRICES
Tuesday
Aug. 2r
share
*38
SALE
HIGH
AND
Monday
Saturday
July 31
July 24
5
11
Jan
Oct
17
Dec
94 % Aug
70% May
75%
Sep
56 Va July 23
28
Apr
39 Va
Dec
Aug
5
104
Mar
110%
Dec
37% Apr
8
114
22%
Apr
30%
Feb
16% May 29
7'A
Apr
U*-
Jan
21% Mar 3Q
15%
Dec
23
Jan
6
93%
Dec
109%
Jan
23% May
32%
Feb
12%
Oct
102
May
44'A May 29
20
May
5
6%
Jun
7
-
'"'J
'■
'
'
;
.
' ■..•SV
y,
•
•
"/t'-vy
:
:
?:-¥
"*>'/'
-
552
V
•/'
A.-'*
I
LOW
Saturday
Monday
July 31
S
$
per share
22
23
¥¥•¥• Aug,
$
share
per
22%
21%
SALE
8
$ per
$ per share
21
61
2074
65
CO
657a %>;
617a
637a
63
6474
62
637a
21%
21%
20%
21%
207a
207a
2074
2074
2074
*10%
11
11
11
11
28
27
27
277a
11
12
*1074
117a
*10 7a
27
*25
27%
♦257a
28
*25
♦114
1147a
*114
115
*114
115%
*114
120
*115
120
*115
120
44%
4374
44 % •> 44 7a
44%
*115
11574
*115
¥116
118
¥
4374
44%
New
s
N
60
.
Y
Omnibus
York
5%
200
Par
Dock
No
par
no
:
par
—50
preferred
non-cum
$ per share
$ per share
26Vb July 23
Jan
27
317a Jan
27
14% Jan
5
26
67a Jan
-v.
y
4
12 7a
1674 Jan
2
$ per share
2872 July 30
63 7a Jan
7474 July 24
:•
•'
;,,v ' :
7
123
July
Jan
22
126
10 74
4
¥
1274
607a
July 13
6
101
1
80
100
*N Y N H & Hartford
100
ft Jan
2 ¥
272 Mar
1
JftO
1% Jan
4
6
Mar
1
¥
Wostern____,___100
N Y Shipbidg Corp part stk
1
ft Jan
1774 Aug
4
17b Mar
3
¥
6
267a May
7
38
9
53 72 Jun
Highest
I per share
Feb
177b
51
Jan
157/b
Jan
67B
Dec
Apr
16%
Dec
Feb
110
Dec
y
Feb
109
Dec :
54
May
23%
10
>
Jun
May
,¥•••35
July 29
'■¥¥.
1942
Dec
117a
May 22
28 7n Jan
50
Year
¥* Lowest
11
No par
Harlem RR Oo
&
■¥
100
Corp
y
.
100
preferred
10^
;
tN Y Lack & West Ry Co___
140
-
Range for Previous
Range Since January 1
¥.. Highest
A/"¥¥¥Lowest
preferred series A
NYC
700
¥¥<
,V
'.C
'-¥¥¥; V"/ ¥".¥■•■'
"
¥'
STOCK
¥'•■
6%
900
441/2
;
£ V';": *'
Monday, August 9, 1943
N Y Chic Ss St. Louis Co
118
441/2
YOISK
EXCHANGE
15,200
;v ¥",
120
*115
447a
447a
.
118 7a
13.67a
¥ 118
*115
44%
NEW
3,700
12
*26%
'
.'
;f*
:
22
*10 7a
for
Shares
share
¥21%
227a
22
22%
*21%
*25a4
:r»:;,•'; •*
'
•
RECORD
the Week
¥¥ Aug. 6
Aug. 5
$ per share
¥22%
22
' V
STOCKS
Sales
Friday
Thursday
60 7a
63
' V
'
PRICES
Wednesday
•■¥¥.' Aug. 4
per share
21%
V-"/<..
& FINANCIAL CHRONICLE
NEW YORK STOCK
Tuesday
Aui;'. a
■
■
HIGH
AND
:
«.
THE COMMERCIAL
Feb
,
.
Jan
-
1%
1%
1 %
3%
3%
3%
%
aA
*%
19%
19%
18%
•
*33
.
*118
'
>
18%
i
53 »A
'
•
,14
115%
147a
115
115%
20%
39%
11%
ll5/a
18 7b
187/a
167a
16 3/4
(
52%
52 74
523/4
¥
5274
10
14%
•115
^.:5.?S:;
20 */a
¥ 40
39%
♦39
11%
1174
12
1774
20
41
4,700
14,600
140
20*
19 7/s
*5
5%
♦5
40%
*39
1,400
40%
187a
12
18%
42%;
12
42%
3,300
7
56% Jun
No
1167a
Sep
;
6% Mar
96
87/b
Apr
110%
;
Apr
177a
31%
Apr
38
167s Jan
19
23% July
8
41
15
6
100
8
July 22
'
x37j Jan 14
>
July 27
C
6
Jan
Jan
14
Apr
Jan
7
87a Jan
53
Dec
47a
116% July
31
Apr
974
2
2.50
Jan
857a
Jan
No par
Nov
39
6
Jan
117B
527B
8
187a May
36
Jan
8
2
50
Dec
192
25
7% Jan
par
237a
Mar
Mar
Jun
56
6
107
Jan
14% Apr
1007a Jun
5
2
No par
Telegraph
15% Apr
Oct
303/4
Apr
97a Jan
Oct
Sep
%
39
48'7a Jan
••
27/B
4
9174 Jan
100
¥';11
Jan
Jun
143
1874 July 21
5
Jan ;
108
7
9% Jan
Preferred
2,700
6 3/8
July
Jun
1
Norwich Pharmacal Co
1,000
118
A
7a Jan "
''
78
19
192% July 14;
5
50
Ry Co
Norwalk Tire & Rubber
10
12
187a
11%
Northwestern
2
Jan
49% Jan
,
50
;
Aviation
tNor States Pow $5 pfd
Northwest Air Lines
120
,574
*39
10
preferred series
American
5
;
,113
50
Northern Pacific Ry
2,300
41%
*40
574
12
574%
Jan
1627a Jan
100
preferred series
North
•38,900
1153/4
5-23
100
preferred
Northern Central
40%
574
5%
39%
19%
41
tAdjust 4 %
6%
4,200
14%
*115
115%
41
*20
1974
40
115%
115%
&
North American Co
46,900
10
Ontario
fNorfolk & Western Ry—:
¥.
105
137/a
14%
¥
52
9%
*100
105
14
14%
52
¥
10%
97%
*100
105
52%
52%
53%
10%
*100
18%
17%
20
Y
Noblltt-Sparks Indus Inc-».
620
.
preferred
Conv
IN
200
<
' 118
52 %
1174
1174
34
184%
183%
,118
16% ¥16%
40
*39 7a
40
*33
'
118
¥
4,900
,
1774
115%
1974
57»
5% ■:
574
5%
*39%
35
183%
<
187a
53%
147a
*33
40
♦39
182%
*116%
118
-,''¥.• 200
16%
10.%
*115
20%
1974
20%
39%
*32%
33%
,1827a
%
"
17 74
19
19
19 %
6,600
52%
105
13%
115%
33%
182
*11674
54
97a
147a
137#
>
1874
,-¥8,300
17%
»1C0
105
*100
3/4
;
54
537a
107a
10
10%
103
{j
33%
*53%
54
*5374
53%
10%
*100%
*74
118
17
53%
72
*74
17a
3%
v.f. 17a
¥,378
183
ie%
167a
53
1
374
181%
:
167a
53%
1
3%
•
*32%
119
1%
374
*116%
182%
•
53%
16%
:
19%
33
lo0
119
;¥¥/¥: *74
1%
3%
18
■■'
3%
19%
3Va
¥"-'
7/«
,
33
34%
182
181%
*118
1%
1
1 %
3'A
1
1
Jkn
20
45
Apr
7
12% Mar 25
Jan
Jan
Nov
Sep
Dec
Mar
37a
Deo
Feb
774
34
Sep
10% Jan
Oct
O
427a
4374
67B
678
"»
90
90
43%
¥¥:43'-¥
8 7B
197B
19
1517a
*150
67a
6%
88
88
V
19%
•150
♦3274
34
*32%
*55
57
*54 7a
57
57
*11%
12
1174
1174
*117a
12
900
Pacific Amer Fisheries Inc
*9%
10
*974
10
97a
10
320
Paciilc
*49
50
49
49
49 7»
4974
440
21
*20 7a
21
207a
21%
930
157a
♦13
15%
49
49
20%
21%
20%
21
21
18
*13%
18
♦13
29
287a
*13%
28%
3974
417a
407a
227a
"v
118
118
*118
*157
159
*157
*157
34%
4
374
4
37a
¥'
'.'33%
¥"10 ¥,
•
374
34%
10
*10
11
111
374
374
37a
37»
4374
427a
42%
*42 7a
*42
42%
427a
2474
257/b
327a
*30
24%
156
4%
•
*30%
32%
•
25%
28,400
Packard
337/a
*10
3434
25.900
Pan American
11
'
10%
102
25%
2574
*30
102
*99
25%
24%
327a
No
No
&
Transp.
No
17/b
174
174
1%
174
*174
l7/a
174
174
174
l3/4
1,900
297/a
29%
297a
29%
297a
297a
297a
297s
293/4
4,200
Parke
18
187a
-17%
1774
18
18
1874
1874
187a
187a
1,000
474
22
21%
16
96
157a
16%
*93%
*5674
17
;
•
16%
1674
7 ■-
674
674
6V4
7
3
2%
3
27a
27a
40
397/a
397a
*16%
2674
277a
247a
•27%
24%
*:2374
•
'-*4
47a
17
*16%
26
4 74
;
27
*4
Penick
967a
937a
967a
900
Peimev
167a
17
2674
2474
*2374
56%
4
5b 7a
4
27
2474 ?
1
47/a
50%
5378
48%
51%
50%
52%
1274
1274
127a
1274
12
1274
1174
117a
48
49
4874
49
4374
48%
4o7a
49 m
*48
33%
33
;¥ 33
32%
3274
3378
337/a
*33
*24%
*.•
347a
25%
"'1
2474
24%
*24%
87a
8%
8%
8%
7%
7 va
77a
77a
23%
247a
*24 7a
24
237a
26
247a
8%
87a
77a
77a
7%
*6%
237/a
23 %
874
77a
2374
24%
23%
237/a
477a
48
47%
48%
*48
49
897a
90
6J78
897a
*88
897a
*8774
19%
197/a
197a
197/a
197a
197a
217a
2074
21-/4
217a
2u7a
197a
21%
217a
4874
227a
2174
4874'
8174
112
1x2
*1117a
114
114
114
*114
89%
100
197/B
18,900
114%
82
♦lit 7a
,
8174
113%
114
114
82
*112
115%
*11474
82
113
113
22
12,500
227a
217a
*11474
♦827»
*10%
11
11
11
*11%
12
*92
95
*92
95
*92-
95
467a
4 02
4774
43%
X477a
47 3A
*5%
57a
*5%
574
■
23%
2474
578
*5
•¥'¥•5 Z:P
*6%
1174
*5
45
46
*6%
*68%
¥
12
87
*85
¥
87
237a
120
¥
574"
• c:
45%
774
85
24
*98 7a
120
46
6%
1174
%
5%
727a
1174
5%
.
674
1174
47%
72 : 23%
727a
7'%
73
*70
23
*98 7a
5%
45
47 Va
*45 7a
*85
2374
120
*98 7a
120
7a
*5%
87
*85
8/
24%
*98 7a
40
574
237/a
*98 7a
¥
45%
5
*44 7a
67/e
7
*67/a
*6874
73
73
*6874
12 /¥
*11%
127a
112%
*11474
1141%
11%
99
4774
827a
*111%
114%
8274
114
♦107a
*85
600
487/s
897»
•92
Va
13,800
487a
ll
46
24
'1974
92%
¥¥*5 ■' ¥
Pfeiffer
;¥
*11
•
''
46
¥:¥¥ 45
12,500
53/4
>
,
800
500
7;
73 :;
•
,
800
10
500
*12
13
175
*163
175
♦163
175 ;¥'■
*163
175
*163
175
♦163
175
*180 7a
185 7a
*181
1857a
♦1807a
185 y2
*181
1857a
*181
18572
*181
1857a
57a
57a
5%
5%
8
874
77a
7%
57a
57a
:
¥ 8 ¥-:
8
89
*78
SO
*80
•
*85
574
¥
90
73
*72
13 74
43
:
*35/a
73
73 ■;»
13%
175
*162
*162
4%
*3 7a
47a
44
13%
*1274
13 74
175
*162
4474
70
4474
374
53
*52
54
50
*42
4374
42
42
197/B
18 74
19%
19 7a
*18 7a
974
9%
la
78
*18
9%
17
lo 7»
107a
¥'■"
974
*1074
11
*974
35
*317a
123
54 72
123
374
774
53%
19
*82 7a
89
4474
*43%
447a
43%
44-
73
¥ *72
7274
72
72
14
¥
*13
;
*162 :
374
175
54%
5474
5474
55
43%
43 7a
4372
43%
19'%
19%
1974
*19%
19%
19
19
197a
19
9%
9%
9%
97.
97/a
,¥ 167/a
17%
17%
177a
177/a
10%
¥
10%
97/a
10%
10%
1074
1974
19 ¥
*1872
97/a ¥¥¥•
18
10% ,10%
.
19%
20
3,300
Postal Teleg Inc preferred
10%
¥9,600
11
♦107a
11
*10
11
*10
1074
*33
35
*33
347a
*32
347/s
100
537/a
53%
54
53%
4,400
*122
123
*122
123
15
15%
157a
157/a
15
15%
15%
917a
90%
907a
53%
*122
5374
123
15%
15%
15%
J 57a
5
53 7a
122
157a
1474
122
15
Steel
Car
Co
6,100
157a
3,180
conv
conv
2d
No par /
1
Procter
5%
&
pfd
Gamble
(ser
Pub Serv Corp
When
50
No
of N J
par
;
100
of Feb 1 '29)
,
distributed
8974
9074
90
903/4
-1,120
104
1047a
104
1047a
10374
10474
103%
1047a
104
1047/s
600
t6%
preferred
100
112
1127a
111%
1127a
111%
11174
111%
11174
1117a
lll3/a
570
t7%
preferred
100
126
12674
♦1257a
12674
1267a
1267s
t8%
preferred-..
12074
*11974
12074
*118 74
12074
210
347/a
34%
333ft
34%
14,200
127
119%
34
footnotes
127
127
*119
120
327a
see
34
page
126
555.
12674
119%
-
1197a
3274
34%
*11974
34
35
160
t$5
preferred
tPub Ser El & Gas pfd $5.
Pullman Inc
No
Apr
4174 May 20
18
May
29%
26 74
Jun
19% Jun
8
4
Feb
27% Jan
Apr
5
Mar
22
•
Dec
par
..
100
No pttr
No par
97a
170
175
4
47a
597/a
24 '
66
IV2
15072
174
29
20
1474
4
2
4
8
Jan 30
Jan 28
Jan
2
Jan
Jan
Jan
Jan
18
Jan
7
167a Jun 21
6
67a Jan 14
2474 Jan
4
4872 Jan
4
11474 Apr
7
;
7572 Jan 20
857/a Jan
2
967a Jan
4
- 10972 Jan
4
11574 Jun
2674 Jan
4
2
103
6%
Dec
6
Jan
323/4
3
65
26
30
Apr
174
3
14
90
Jun
26
May
43
7
Jan
Jan
79
59
9
May
15%
"3
3
267a
;
Mar 30
77% Jun
Jun
110
Nov
9
Jan
May
Apr
80
Feb
oct
46
Dec
37a
157a May
May
65
7
56%
7%
Nov
19%
Oct
May
~47/b
Sep
Apr
387a
674
Dec
68
Apr
165
Feb
165
165
May
175
67a Jun
374
7
107» May 11
¥
90
May
63/b
62
Oct
Jun
33%
Jan
Jun
70
Feb
67a
153
May 18
Jun
July
;
107a
153
Jan
July
574 May 29
«...
1
4672 Jun
Jan
Apr
58
Mar 31
617a Jun
Jan
20
167/a Mar 29
162
Feb
Feb
5%
,
477a
July 8
5274 May 12
75
4
Dec
Oct
Jan
Jan
103/4 Nov;
Jan ¥9
18172 July 12
;
Dec
Jan
47b July
5
170
:>
Dec
Dec
1077a Mar
8
102
77a May 20
•
Apr
May
678 May
1
July
77a May
8
Jan
4'
July
50
4
8 ¥
13
5
13
98
14
Jan
9
Jan 21
Jan
4
Jan
Jan
55%
100
18
Jan
77a
3
July 30
11774 Jun
44
Jan 20
372 Jan 16
Jan
Jun¥T"
90% Jun
7
6
137/a Jun 21
.
104 7a
91
Jan
36
77a
5P/4
28
Oct
Jan
167a May 18
587a May 20
115
Apr 20
117a Jan
No par
11274
90
4
Dec
Dec
X14 7/B
•
67a Jan
5
preferred
2%
30
Jun
4
par
1st preferred
5 7#
47%
Jan
Jan
18
par
Inc
57#
30
%'
Pressed
B
No
No
173/4
32
537a
y
100 ;
177a
10
;
pfd—100
Pocahontas.
Apr
7/b
157b Mar
297a Mar 29
4
100
Co class
C72 May 28
Jan
Feb
preferred
CreeK
Jan
40%
37a Feb
3474 Jan
1
—100 *
100
preferred
&
Nov
23 7B
36
6172 July 14
597a July 23
8 7» Jun
14
B
Poor
257/'b
7674
6
25
A
Pond
Feb
Jan
Apr
Jan
Plymouth Oil Co
18%
167b July
j'
Apr
Jan
C.ass
200
4
287a
5
Class
1,900
Aug
tH 0 OO
49
18% Jan
102
Jan
100
2,900
15
May
49% July 26
109% Jan
—II
9%
Jan
May
907» July 27
197/a Aug
2
70 ;
No par
100
100
pfd
100
07s
44
11
104
4
59
(The)..
4
Sep
¥¥ 2¥' Jan
Jun
10% July 19
774 Feb 17
7972 Jan
5
460
32
53%
Co.
Jan
2
Jan
No par
Ash Ry 77#
Young
5
247a Jun
Apr
178
32
8
106
•300
34
*1074
pr
"I 7b
29
July 19
26% May
1374 Jan 14
Feb 20
25
100
100
100 :
Pittsburgh & West Va
Pittston
B
Jun
32 78 Apr
'
71
No par
preferred class A
3
1774 Mar 26
Feb 20
No par
pielerred
8
Mar
Oct
187/a July
100
5%
Dec
110
17 72 Feb
9 ¥
40% Jan
9
174 Feb
9
28'/a Jan
6
57a Jan
6
3478 Feb 18
19
Jan 27
37
100
Pittsburgh Steel Co
Dec
82
July13
687a Jan
100-
Pitts Screw & Bolt
Nov
56 % May
45
67» Jan
4
578 Jan 12
£372 Aug
2
No par
Pittsburgh Forglngs Co
Pitts Ft Way & Chic Ry Co
1% preferred
l'/a
297/a
60
6
—100 *
Iron Corp
ft Mar
Jan
1374 Jan
10
preferred
Jan
Dec
Apr
2074 July
10874 Jun 18
_3
preferred
%
177a Mar
13%
4
50
i
2
297a
44
9
23
Nov
19 7a Apr
1374 Aug
374 Mar 26
—No par ;¥
_5
conv
11
2
101
4
6
2372 Jan
Dec
6
2
No par
200
19%
¥
preferred
Pittsburgh Coal of Pa
Pitts
Oct
38
May
6
distributed
Mills..
1st ser
Dec
Apr
6072 Mar
174 Jan
33 % Jan
—25
class
Jan
8
May 20
197a May 22
6 72 May 22
3 74 Jan
par
Preferred
572 %
Jan
Mar
-90
32
157a Aug
5
No
800
iv
33/4
4274
147a
For
14
175-
547a
15%
33 %
37a
140
274 Apr
207a
2
par
1
100
100
100
Co
7%
4274
15%
1197a
*162
2,800
1,230
53
147a
91
¥*13.-¥:
4
.
89
427a
15
*126 74
14
*82 7a
175
*3 7a
1574
9' j/r
*13
♦162
374
15 74
907a,
3,100
73/4
90
157a
11274
i¥¥*7%
574
53
*18 7a
:'
9%
123
♦122
774
57a
43
15 7a
*104
77»
574
72%
¥
1774
17
17 7a
13%
175
5%
12
4174
'
*31 V2
? 54
*51
73
7%
*82 7a
'
447a
57a
U7/a
Jan
July
1
Corp
&
106
7
No par
Hosiery
Coke
11
10
Phillips Petroleum
$5 conv
2%
100
preferred...
6%
87s
1067a
80
Phillips Jones Corp
Pitts
Dec
Sep
29
Ry Co
Plllsbury Flour
67a
Oct
Jan
17a Jan
5
217a Aug
3
Jun 14
Pitts C C & St Louis Ry Co
*163
:
"20
1,100
Dec
1
55
Philco
Corp
—
Philip Morris & Co Ltd
¥ tPreferred 4%$ series
t4% %
series..
7 %
Oct
27
11%
101
45 ¥: Jun
7
50
when
3
V July 12
4
2
16
No par
¥fPhiladelphia Co 6%
t$6 preferred
Pnoeinx
46*
774 ■¥■'.■■'-:¥V': 7
*6874
10
5
5
73
50
120
*9872
£'¥
20
200
/:•'
87 ¥',
237/b
*237a
,
•
•
•
*8474
,
1,800
477a
*5 7a
.
120
5
95
4774
.
85
237/a
12
*92 r.->
17a Jan
2778 Jan
—No par
Co
9
Jan
Apr
113% July 26
2
par
10
Corp of America
Elec
2
4
Jan
17a
Jan
No
Pet Milk Co
Phila
174 Mar
57a
¥
17«
RR
•Phelps-Dodge
Nov
Oct
Oct
100
Brewing
Nov
Jan
Co
Petroleum
148%
17%
preferred———
100
Apr
17
prior preferred
1,100
Jan
121
Apr
Corp
5%
3,600
101
Oct
Corp
5%
77a
Nov
19
Apr
11%
Peopies Drug Stores Inc—5
tPeoples G L & C C (Chic)—..—.100 ¥
i
fPeoria & Eastern Ry Cox
100
88/a
-
•
Airlines
Pere Marquette
¥34
Jan
7
par
Cement
Pepsi-Cola
Apr
Oct
Nov
14%
prelerred
2574
87a
'
11
o
■
1974
89
92%
*5
1,100
800
'
84
83 ¥
8374
50%
237a
■
1,400
33
■
*2474
247a
200
64,900
1174
'*48
32 %
1,200
47/#
247a
July 10
par
No par
Co
Pennsylvania
Jan
43% July
107/a Jun
•
Apr
V Nov
1374
6% May 10
8
21
74
17% July 15
Apr
Jan
2272
July 30
--
Oct
16
15%
•
287a May 24
5
Oct
Apr
7
•
457a July 20
-
Jan
67b
253/a
97*
20
July IT
8%
Apr
30
—No
—
Coke
&
2
/
493/4
'
11%
*8%
1^74
*83 7a
•
21,700
56 7a
•
*37/a
487a
•
¥'
12
5%
24%
8%
4t>%
19 7a
•■".
2
2372 Jan 20
30
158
4
1
Penn G1 Sand Corp
267/a
\". 77a
CO
477a
*8974
•'
Coal
Sep
Dec
Mar
Apr
47a
16
11872 July 29
2
272 Jan
par
2.50
$7 conv pref ser A
17 :
267a
51%
33
87a
Penn
:Penn-Dixie
400
*2374
a-;?-,
¥iff¥ 56%
567a
*37/a
497a
49
*24 7a
1,300
40
16%
54
,12
3,800
37/a
,
Ci
57% Dec
6% Mar
6
29
July 23
1672 Jan
..No par
Ford.
(J
Apr
;
3073 May 27
—No
Co
Transportation
&
Penn-Central
5,800
6 7a
,
*2%
Pafnielee
48
17 7a Jan 22
Patino Mines & Enterprises
.*110%
1
52
1
"
¥ *39
j
40%
163/4
b"/a
■
274 W
*16%
4%
1674
7 ¥-;
*39 Va
27
56%
47a
200
5
*11074
•*2374
57
557a
3,500
274
17
267a
24%
6,000
22%
57
'oVa
40
*11074
*2374
V
57%
56 78
57
7a
40
39%
*11074
2.6 72
*2374
4
*16%
•1?¥¥
*11074
*110
,
47/B
22
57
16%
96
16%
16
95
1
227a
58
4j/4
227a
Jun
15% Jan 12
Parker Rust Proof Co
967a
¥
*567»
95
:
57
574
2274
58
6%
40
*1574
22%
.
56
2%
7
3
*397a
57a
5%
22
56
95
16%
¥
7
47/3
'21%
58
967a
*2%
':.:.n
22%
*56
58
96 %
57a
5
57b
227b
•
277/a
-—wl
Park Utah Consol Mines
2974
1874
*56
437»
2
Apr
1
3074
&
.
143%
035 74 Jan 12
100
Jan 22
preferred
Davis
42
.
Mar
100
-
l'/a
•
37a Jan
9
Jan
1
& Tllford Inc.
Park
8
257a May 20
91% Jan 25
148
Jan
5
5
Airways Corp
2974
*18
13% July
14% Jan 13 :
par
—w—xl
10
Corp
Paramount Pictures Inc..:..
37,800
3272
*30
Oil
Petrol
conv
Dec
July
13% Apr
Car.'
Paraffine Cos Inc!
4%
Dec
Jan
Jan
Jun
64
55
Panhandle Prod & Ref
20
79
4 »/8
Apr 24
2
2
700
Jan
Deo
177a
58
5
16
43%
6%
Apr
Xl67/a
5
7% Jan
*417a
27/a
30%
Jan
1172 Mar
2
Apr
774 Jan
10572 Jan
427a
*
38
Corp
Western
Motor
59
132
6 Va Jan
.5
11,000
2674
327a
'Paciilc
12 7«
Jan
2%
Mar 19
23 72 Jan
Pan-Amer
•3%
*99
15
tPanhandle East P L 5.60% pfd.100
37a
®
2872 Jan
100
3%
42
151
430
:
110
110
1107a
374
102
*30
3%
1107a
37a
217a Jun
8
5
-No par
Pacific Tin Consol'd Corp
20,800
15%
boo
5
fPacific Telep &; Telegi-—100
t67o- preferred.
x
100
90
-
2
Jan
6% Apr
17
¥:
947a July 24
107/a Jun
7
46
Jan 22
54% Jan 12 I V
.
¥
;
Finance
374
35
*10
100
¥::5'y¥
2
10
preferred--—
preferred—-
*15 7a
3%
34%
\
¥
157a
374
3,000
156:
4'/a
5%
*15 7a
par.
142
¥
(Cal)
10
10
Mar 15
Pacific Gas & Electrici^x-—23% Jan
5 V S
Pacific Ltg OorpL/ii*—par • ¥ 33
Jan. 4: '
Pacific Mills
wNo par
19
Jan
2
1,500
2274
156
44
*99
257a
32%
247a
257a
♦207a
102
*99
102
*99
102
10174
156
111
37a
41%
118
*117
1st
2d
4,800
227a
•
:
Co«—.-12.50
Co
Coast
Pacific
297s
41%
2274
118
15%
111% 112
11
11174
37a
28%
4174
2274
i
155/a
•13
29
372 Jan
r
p
¥'••'
*117
357a
•111%
374,
23
4
11174
11174
*41%
41%
118
15%
'
■•
•
35 V4
'
287/a
29%
1567a 1567a
5
4%
157a
3%
374
:
•
*10
107a
*117
4% ¥'57¥
*15
357a
337a
357a
*10
158
1474 *1474
16
22%
118
'
5%
47/a
57a
5%
*1474
41%
22 7a
118
159
2874
40%
2i '/a
119
•
2874
39%
41
22% r- 23
227a
Glass
97/a
43
287a
28%
Owens-Illinois
11%
4874
"
No
Jan
157e Jan
par
5
;
tOutlet Co—
,.
69
100
Mfg
97a
11
10%
17
&
11%
11
1074
207a
♦1474
No
;
Marine
217a July 19
5074 July
2
8 74 May 22
.
2
—No par
preferred
Outboard
593/4
587a
1074
20
56
400
6'%
5974
51
974
.
37/a Jan
100
5974
..¥¥V¥
*47
33
*54%
117a
"11%
■
6
preferred A
Otis Elevator
¥
237a Jan
_6
59%
59%
597a:
59
*32
30
No par
Oppenheim Collins
4,700
150
33%
*54%
400
;
197/a
197a
*147
150
,
527a
337a
'
1974
19%
.
151 Va
8%
11% Jan 13
—par
Oliver Farm Equip
Omnibus Corp (Tho)
140
\
9
*8 7a
'
•
*150
iOhlo Oil. Co
26,700
8872
88
•
874
*8
8%
*8
8 7a
197B
67a
90
88
-
4374
43
,
67a ¥
;.; / ¥¥ 6 78
¥
■
14
2174 July 16
117s
Jun
145/a
23 74 Apr
5
1572
Jun
18%
Oct
Jun
1
3% May
9 72 Jan
5%
Jan
13
227a Mar
3
•
137a May 29
13
Jun
4
57b
3
227b
407/a Jun
42
Feb
115
Feb
57 7a Jun i 8
Feb
13
177/s Apr
5
123
Jun
67a July
Jun
9 72
Jun
21
Jan
Sep
8%
83/4
Jan
Jan
29% Jan
523/4 Oct
122
Oct
14%
Jan
167a July 19
95
62
July 19
July 20
129 7/a
July 15
1
86%
X99
797/b Mar
111
99
Mar
123
111% Mar
116
■
\
1207a July 23
407a July
Mar
73 7a Mar
10772 July 20
114 7»
;
2074 July
7a
28%
Jan
Jan
Jan
Jan
Oct
NOV
:
-
•
f
.
'
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4201
158
AND
LOW
Saturday
Aug. 2
t per share
17%
410
'
$
17%
106%
18%
16%
share
17%
♦109
111%
105%
♦105%
106
18%
19
♦13%:
14
137/b
19%
13%./ 19
19
*110
17%
106
20
Range for Previous
STOCK
Range Since January
Lowest
Par
Pure
24,200
Oil
(The)
—No
6%
7
V
105%
20
YORK
EXCHANGE
800
20
3,300
14
800
conv
S per share
11
Purity Bakeries
Year 1042
104% Feb
3
92 y8 Jan
2
No par
13% Jan
10% Jan
4
4"% Jan
22 y8
Highest
I per share
19% July 19
114% July 22
107% July 23
2
10
Lowest
$ per share
14
100
preferred
Jan
par
1
Highest
100
preferred
5 *
110%
105%
20
NEW
Shares
17%
♦110
111%
106
19%
t per share
17%
for
the Week
Aug. 6
$ per share
17%
Sales
Friday
Aug. 5
17%
113
105%
106
STOCKS
Thursday
^
,
$ per share
17%
*109
112
105%
Aug. 4
$ per
17%
♦109
113
v
105%
PRICES
Wednesday
Aug. 3
y
per share
16%
SALE
HIGH
Tuesday
Monday
July 31
7
$ per share
Apr
11%
90% May
80%
Jun
Deo
106%
Deo
92% Dec
,
July 16
9% Mar
14%
Nov
14% July 14
8% Mar
10%
Oct
Q
*137/a
14
14%
14%
7: *14
14%
14%
14
> Quaker State Oil Ref Corp
R
it::':
"
9%
97/a
*70
8%
29%
*29%
; 25% .25%
13%
,
8%
b 87 ..v.
-,24%
h 13%
88
1
29%
17%
>
*32 %
*27%
79%
79%
•'76
*10%
11%
*17
19%
16
16%
24%
7,
24%
13%
14
29%
16%
17
••
;
17%
33
•
*27%
28%
7
'
:
7%
25%
25%
13%
14%
30
11
.7 17
*4%
*27
5
78
73
77
10%
10%
•10
*17
18%
♦17
19%
74
> 15%
16%
16%
82%
82%
83
16%
83
*7.
51%
51%
51%
53
7
7
7%
74%
16%
♦82
7%
7
Rayonier
2,100
73%
10%
4%
1
200
.
Real
900
10
7
7% 77
7%
10%
No
54% Jan
7
99% July 14
21
Jan
2
29% Jun
17%
17
17%
100%
*99
100%
83%
83
83%
7%
17%
83
88
86%
66
*64%
7%
12
12%
12%
12%
91%
91%
89%
90
9%
9%
9%
28%
29%
*36%
38%
7%
Silk
7
15% Jun
30% July
50
14% Jan
2
22% May
5
' 26% Jan
20
10 V*
28
/
83%
200
53%
53%
480
:*
7%
7%
50
(Robt)
& Co
1st pfd
22
Jun
29
15%
14
5% Apr
75% Jun
20
10
1
Jan
8
6
Jan
5
4
20
12
20
Jan
25
69% Jan
30%
42y8 Jan
4
Motors,
Inc
*87
88%
*87
*64%
66
*64%
66
12%
12%
12%
13
89%
89%
*88%
90
9%
9%
9%
8%
9%
:7
1
28%
29%
28%
29%
29%
29%
9,300
38%
♦36%
38%
37
37
10%
10
10%
14%
♦14
14%
10
•14
10
10%
14 Va
8%
24%
14%
*24
50
31
10%
10%
15
8%
15
*46%
15%
50
*14
8%
24%
25
•37
7: *14
9
*8%
25
*24
15%
50
*46%
30%
*30%
31%
30%
30%
31%
%
A
%
%
%
%
1%
i%
i%
1%
1%
1%
1%
*5%
6%
*5%
*7%
9
6%
*5%
6
9
*7%
7%
44%
*113'/a
114%
113%
113%
8%
9%
8%
9%
32%
32%
32%
*105%
106%
105%
44
44%
43%
7%
44%
8%
45
114%
*113
113
15%
25%
*46%
1%
6
Sep
Jun
73% Jan
4
45%
45 %
113%
230
8%
8%
7,100
33%
33%
33%
33%
33%
4,500
*105%
106%
105%
105%
*105%
42%
*40%
41%
113%
113%
42%
*42%
42%
♦112%
113%
•112% 113%
♦111
114%
•111
114%
111
111
*111
1
1
1
1
113% 113%
2%
2%
*22%
22%
22 %
22%
%
*3
3%
79%
3
80
*71%
V
13%
*69%
9% "9%
40%
> 3%
3%
21%
i-:
27%
22%
2%
2%
22%
22%
22%
3%
3
*1
*2%
7 722
*2%.
80
15%
14%
15%
15%
15%
15%
15%
14%
14%
14%
14%
14%
14%
14
14
70%
70%
14%
14%
14%
14%
73
70
70
>..
70
71%
70%
14%
14%
14%
*69%
73
*9%
9%
y.'
*40
♦69%
10
..."
-
42
*9%
*40
y
*69
10
9%
42
*3%
3%
3%
3%
3%
3%
21%
22%
21%
22%
22%
22%
26%
*1
1%
26
24%
11%
*1
v
24%
11%
11%
40
40
20%
20%
20
*22%
23'A
*22%
39%
;
40%
*1
-
24%
11%
11%
39%
20%
*19%
23 y*.
r
1%
1
*23
*22%
3%
3%
22
1%
24%
*24%
IV*
24%
24'%
11%
11%
Smith & Cor Type v t c
3%
3%
23%
23%
13%
25%
26
V
:
22%
23%
M 21%
23
3%
26
25%
*25%
26%
26%
26%
26%
26%
26
23%
13%
13%
>13%
25%
25%
26%
23%
"13%
25
21%
•
40%
58%
*56%
4%
4%
4%
4%
5%
5%
48%
*5%
48%
*26
*48%
27%
37%
5%
5%
*36
*116
V
7%
3%
>
29
34%
37%
36%
56%
45
45%
>
7
11
10%
8%
5
4%
4%
5
5
4%
5
*4%
27%
35%
♦58
28
28%
36%
36%
59%
*58
28%
5%
48%
36%
36%
36%
37%
37%
37%
115%
115%
*113%
115%
*113%
37%
115 %
117
3
♦116
7%
7
113
7":
117
7%
*112%
1%
1%
70
*68%
116 % 116
7
114
*113
IVa
'
7
1%
*69
7%
~
3
28
■
34
32
38
3%
:
7
367/a
35%
1%
7%
3%
33%
34
37% 7
37%
35
3
;
>27%
-*"-77-
■
>-:V35v;
55
27
42%
43%
43%
43%
1
35 '
55
*43%
43%
43%
7
7%
29%
*29%
29%
59%
58%
59
59
59"%
59%
11%
11%
11%
11%
11%
11%
10%
10%
11%
8%
8%
8%
10%
10%
8%
10
9
10%
10%
7
8%
„
17%
74-/a
74%
74%
75
27-
27%
26%
27%
*74%
A
No par
No
Standard Gas & El Co—.—No
16,100
Standard
Oil
10,100
»
55%
Standard
Gil of Indiana:
Standard Oil of New Jersey
>1,700
:
7
57
*128%
57
130
5%
5%
17%
17%
15,000
7,400
:
25,700
1,300
20
Starrett
Co
(The)
Stone
&
Studebaker Corp
Sun Oil Co
Jun
Nov
Aug
7
Dec
4%
Jan
.' •71%
Dec
20% Aug
July 13
;
27
Nov
30%
Oct
17
Doc
Class
A
26
26%
2%
26
3
cum)
100
Superheater Co (The)
Superior Oil Corp
Superior Oil of Calif
Superior Steel Corp
No par
1
——25
—100
Sutherland
——10
12%
100
5,100
Paper Co
Co—
2
25% Jun
Jan
2
15% July 15
2
(The)
39 % July 16
•
100
25
Apr
■
Jun
149% July
25
Apr
15% July
9
Apr
6 % Mar
<1% Mar
6
Dec
2%
Jun
Apr
15%
Jan
17%
Jun
26%
Jan
6
122%
Nov
144%
Jan
6
14%
Apr
>21%
9%
12%
Jan
18%
Nov
.12% May
23% Jun
18%
Feb
30% Apr
49% May
5
66
5
34%
Jan
6% Jun 30
1%
Apr
1%
Nov
6
Jun
28
55
Jun
10
31
July 13
>
Nov
Apr
Jun
10
5
5
Apr
Jan
Nov
10%
14
14% July 17
30% May
20%
15%
•
10
28% July 26
30
6
6
4
26
2
18
9
2
7
6
28
10
17
2
Jan
7
.
5
10
39
Oct
50% Mar
3
Aug
3%
31
Dec
59
17%
Apr
24
Dec
31%
35% Mar 15
21%
.
Feb
July
Nov
Jan
44'A July 24
30
597a Jan
26
49
Jun
26
2%
Jan
29%
Sep
Sep
4%
6
45%
Jan
July 14
27%
Jun
38%
Jan
7
51% May
42
116% July 13
70
July 31
116% May
8
Jun
6
17
115% July 30
108
;
6% Mar 13
31% July 29
36% July 29
37
Mar
60
Dec
40%
Apr
109 %
Aug
2%
Mar
;
114
Jan
Feb
49%
Jan
113
Jan
Apr
5
Jan
89 % May
110
A
Jan
Sep
%
% Apr
,5% May
2%
Oct
11%
Jan
Apr
13 %
Jan
29%
2% Mar 13
2
4
5
5
8
Sep
•
6;
O't
8
18
Mar
28% Jan
12
38% July 14
20
Apr
29
Dec
2
59% July 19
30%
Apr
47
Dec
45% May 26
25% Apr
40
Nov
5%
48 %
3,600
12.800
Jan
Apr
23% July 20
5%
No par
pfd (4%%
19%
44% July 20
24% July 19
1
Sunshine
Mining Co
xl3% July 14
4
par
4.700
Swift &
26%
27
,
7%
35
18%
11% May
% Apr
7*1% Feb 18
2
11
1
—No
(The)
26%
26%
2
July 15
Jan
,r7: 2%
May 29
July 19
Jan 19
6%
25
58%
7%
4%
5
Webster...
Sweets Co of Amer
257/a
;
37 % Jan i 4
1
Corp
Stokely Bros & Co Inc
11%
26%
7
Dec
Nov
46 % Jan
25
Stewart-Warner
31%
25%
Apr
5
28
Jan
9%
66
4% Mar
5
60
7
30% May
10% Apr
Jan
-
10
*10%
26%
11
30
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Feb
Jan
par
.No par
Sterling Drug Inc
*31
11%
Deo
Apr
Apr
July 13
Jan
Jan
Jan
28% Jan
25
L S
11%
32
*10%
52
Jun
2%
2%
33
21%
24%
32 %
57 H
3
35%
33
109
49
113
4%
100%
par
25
Standard Steel Spring
5,300
♦
No
Standard Oil of Ohio
13,100
43%
10%
of Calif
31%
*30
11%
par
No par
31%
32
♦10%
17%/,
10%
,,
No par
$4.50 preferred
*10%
♦30
>
46
A
1%
9
10%
1
par
1
100/
Brands
Standard
1,400
11%
555.
5%
$5 pref series
2,200
33
Nov
29
9
No par
Square D Co
5% conv preferred
Squibb (E R) & Sons
74
*10%
10%
4
2% Jan
2
27
*30%
Apr
14
12
Inc
73%
11%
Dec
8
4%
.
Nov
11%
54%
19'A Aug
1
No par
No par
tConv $4.50 preferred
27
27%
33
page
56
130
Spiegel
27%
27%
62%
Jan
5
10% Jun
Dec
3% Mar
4%
6
28% Jan
No par
(The)
27%
27
>
25
73% July 26
8
Sep
17 V8
1
8
42 % Jan
No
76
27
1 %
43% May
16% May
35% Jan
:
preferred
*74
74%
*10%
see
56
*128
$5.50
Spencer Kellogg & Sons
3
74%
Dec
73% May
22V»
19
15%
10%
No par
Spear & Co
3
*31
footnotes
-
10%
Sparks Withington
3%
75
26
35%
9
17%
3
Apr
1%
-7
100
preferred
21,500
38%
•
11
17%
3%
10 %
•
Dec
fk Feb
■'
20
10% May 21
No par
8%
10%
5%
tMobile & Ohio stk tr ctfs
prior preferred
10%
5%
17%
Dec
Jan
par
No
cum
8%
5%
3
%
8% Jan
2
$7
V.
11%
5%
17%
1
85% July 14
7
2
13,700
32%
8 y8
♦128%
3%
% Mar
Jan
113%
Jun
64% Jan
1
No par
No par
11%
5%
18
%
4
13
prior preferred
11%
>■ 130
3
1
17% July
10% Jan
cum
11%
5
17
Mar
7
' 4
21% Jan
preferred
>; 1,400
*128
3%
116
17% Jun
15% Jan
15% Jan
$6
59%
5%
18%
Dec
109% Aug
106% Jan
13
16% Jan
25
$4
59%
55%
3%
39
1
7.50
3,200
59%
128%
18%
Oct
Apr
25%
2
20% Jan
2
132
Jan 15
5,800
10%
11%
56
98*
10
21
par
3,800
11%
11
130
200
400
5
56
Dec
May
78
107% July 24
17% Jan
parXy
i%y>,:
>
7
'
43,800
29%
55
55%
7
100
29 Va
128
55%
Jan
21%
4% Jun
5% Jan
Jan
Apr
31% Jan
V
Jan
110
12%
19
26% Jun
No par
Spicer Mfg Co
$3 conv preferred A
200
27
31%
35% >:
*29
:
•
<
55%
29
."• 10%
•
44 /
Jun
37% Apr
9
54
\
Sep
Sep
Sep
7%
19%
10% Jan
.
10
Dec
4
Jan
A N°v
1%
x9%
2
16% Jan
Apr
104
4
7 2
Jan
8
59% Jan 12
par \
1
3%
:
-55%
29
..
ivi
37%
•>>37%
35%
54%
7%
Dec
12% Mar 26
16% Jan 11
Co
Ry
Sperry Corp
200
114
3
28%
11%
7
:.>■
38%
38%
35
6%
% Jan
1
:
6,600
900
7%
33%
55%
"
Mar 23
100
Gas
1,800
-
117
32%
i
20
68%
7
3
'
190
200
i
115
*112%
;1% > 1%
•
28%
34
107% Jan 23
A Jan
2
112
par
—5
preferred
Southern
600
;
.'•
37%
*116
8%
Natural
830
68%
113%
53%
! .77 34%
55%
45 7,v
3
;
16
No par
100
California Edison
11,000
*113%
7%
113%
28%
29
Feb
15
Rico Sugar
Porto
Southern
5%
5%
7 *36%
117*7'
7
114
•■>
Socony Vacuum Oil Co Inc
Southern
48% 748%
■
70
*116
;
3%
30 77
115
10
South Am Gold & Platinum
:7 8,800
,
5%
'
;.
7
48%
70
4
No par
80
6,800
37%
49
*68 %
May
No par
S'eastern Greyhound Lines
59%
5%
70 >;•
29%
1
Iron..—20
Corp
Southern Pacific Co
■s
28%
48%
(A O)
&
—
23,000
'
*36%
27%
Steel
preferred
1,900
*58
5%
5%
5%
29
$1.20
64,000
37%
48%
116
Feo
..—.15
Skelfy Oil Co
Sloss-Sheffield
3.300
,
55
*27
28%
37%
*58
7 7 59%
>7
*4%
*47%
48
5%
4o
par-
No
1,100
f> 10
59%
28%
37
59%
4%
Corp
2,300
54%
4%
V
29 '
5%
For
4%
5 **
5%
6%
55%
26
4%
*53
Oil
Sinclair
8,300
7
41%
53
48%
29
129
5
41%
"
37%
43%
-
9
55%
*128
41%
53
28
53
10%
.
41%
53
29
7 34%
11%
10
42
53
55
36%
.
59%
11%
42
56%
*47%
7': 32
29%
*58%
42%
i-
*26
27%
7%
*29
22%
29
■71%;
777
7 3%
54%
22
50
♦116
■7 1%
35%
22%
*26
7
37%
23%
*47%
113
32%
22%
27
7%
29
23%
48%
*68%
31,500
25%
48%
116%
.1%
13%
25%
27
*115%
70
117
♦114
13%
*>
22%
35%
;
116
70 : ;
13%
26
5%
36%
116
13%
54
59%
V
23%
25%
48%
49
23
26%
4%
5%
1,800
146
25%
27
*58
•
*135
23%
27 %
59%
48%
23%
;
26
14
36%
27%
38
-
f •
23%
146
27
27
*58
*135
43,800
3%
26
,7
54
58%
42
23%
146
3%
40%
%
42%
13%
7 26
26
23
40%
.
3%
25
23%
♦56%
,
3%
>
& 25%
13%
9
.10
Smith
13%
13%
Jan
—No par,7
1,400
*21%
13%
•135
38
111
par
Petroleum
Simonds Saw & Steel
2,600
31%
21%
13%
146
15
par
No
32%
32%
21%
13%
*130
Jan
-
Jan
Jan
23''o Jan
Simmons Co
22
32
22
146
96
par
80
33
*135
12
_15
; 1,210
13%
146
19% Jan
par
23%
21%
146
7
6
113 '/8 Aug
Jan
2
8
47% July 24
7
Jan
Jan
5 7
Mar 11
Mar
8'/a Aug
No
20 %
32%
3%
21%
May
A
%
-
105% Jan
No
Pen Co
40%
13%
25
7 35
pur
par
Oil
19
21%
3%
9
13
(W A)
23%
32
27
16
(Frank G)
Union
40
13
25%
Jan
4
7% Jan .>9
No par
20
21%
3%
1
No
23%
31%
26
1
No
pref ser A
40
13%
V
1% Mar
3% Mar
5 7 1
preferred
conv
19%
22
.> 25%
Jan
6
2
No par
23%
32%
:i
34%
a'a Jan
No par
Corp
40
13%;
3%
Steel
23 %
32
26%
23
No
20%
21%
27%
36% Mar 30
28% Jan
% Jan
,
40%
13%
3%
of Del
19%
:
33
27%
2
7
100
11%
22%
26%
Nov
Nov
No
11%.
13%
:
13%
47%
No par
Air Line
40%
23%
Feb
May
No
*22%
21
Nov
7
Silver King Coalition Mines
400
Jan
Nov
6%
v
16
No
11%
32%
">
'
.
9
9%
Jan
34% May
Shattuck
Simms
V
Apr
Apr
27% July 19
18% Jun 28
tSheaffer
,
6%
6%
3%
49% July 22
.—100
4,200
,
Jan
Nov
4
Jan
5
1,400
22%
Oct
Jan
54
/Apr
31%
8
5
Sharpe & Dohme
Shell
9% May
100
Corp„
conv
Jan
27%
X20
'
22
"fC
50
7 5,800
3% ' 7 3%
*1
25%
3,200
41%
7 21%
22%
1%
-■
■
$5
Jan
5%
6
Inc
$3.50
8%
85%
43
preferred
Sharon
200
27%
7: 27
Servel
1
Jan
20% Jan
11% Jan
No
8earrs Roebuck & Co
90
4,800
10%
41%
27%
7 7
'
14%
73
10
42
27%
2,600
71%
14%
4-2%
7
8
2
74
3% Mar
12
July 19
17% May 4
7% Jan
9
Jan
5% Jan
•:
Oct
129% Mar
May
i7 6% May
75% Apr
39% July 21
100
11%
40
-
24%
27
*69
♦70
io%-
*40
26%
27
71
11,200
4
100
Paper Co
Seagrave
1
6,000
34% Feb
7%
78% July
par
preferred
Seaboard Oil Co
300
V
7 80%
2
Jun
Jan
pai
Louis Southwestern
tSeaboard
1,000
7
15%
14
20
2,300
'
25% Jan
Jan
86%
54
11% July 13
2
32% Jun
10
preferred
$4 preferred
'
5
7,;
93% Jun
2
■;
15% July 19
7
100
$4.50
22,400
3%
80%
27%
27
•:>
22
3
77:
■■7'...,
2%
79%
42
*40
*
1%
•
11%
2% 7
2%
22%
*22
3
1
2
100
Scott
■
20
Jan
Dec
4 %
18
Feb
5% Jan
pat
Francisco
Schenley Distillers Corp
5 % % preferred
20
114%
1
79%
'
*24%
2%
*111
77
79
73
■>.> 9%
41%
27%
1%
7.7
Feb
Dec
s
500
113%
15
70%
14%
114%
1
1
2%
}':■
'
♦111
113%
7
98
5%
19
100% Mar
No
200
41%
/.v
79%
15
73
114%
41
78%
14%
72%
14%
:
79%
15%
>69%
,:/;/*3
'
15%
14%
*22
3
78%
'
15
2%
42
9% Apr
70
Dec
Nov
No
Safeway Stores
5% preferred.
Savage Arms Corp
2,100
106
7'A Jan
6
70
7
80
par
preferred
5%
160
112%
113%
'2%
tSt
ioo
'■
71%
49
Jan
Jun
Mines
(The)
Louis-San
6%
:
:
6
7%
Copper
Joseph Lead
1,800
■
8%
*42%
2%
'
33%
106%
:y
7%
45%
ISt
1%
*5%
77/a
St
Mar
38%
2%
10% Apr
10
Tob class B
preferred
conv
ifi
2,200
2,200
8%
♦112%
1
5%
45%
45
1137/a
42%
1
$2.50
-
*1%
5%
113%
1
1%
Co
X55
13%
Rustless Iron & Steel Corp
30%
29%
*7%
7%
*41%
•
2,800
1h
30%
Antelope
Ruberold
50
8%
33
32%
30%
Roan
300
15%
15%
50
100
Dec
10
(R J)
Richfield Oil Corp.—.——No
Ritter Dental Mfg
No
4,100
13
1
tCommon
2,000
7% May
x94%
i% Jan
Feb
Dec
5
85
July 19
59% Jun 12
5% Jan
6
'V/a Jan 13
Dec
.
7%
16
20% July 14
100
Spring
Reynolds
22
Dec
101% May 24
86% Apr
6
No par
preferred
conv
Reynolds
20
8%
8%
*105
105%
♦5V8
♦112%
,
*24
5%%
''
Apr
6
Dec
10% Mar
6
100
Nov
11
1
2
100
Sep
3%
70
2
No par
preferred
preferred
Reynolds Metals Co
23%
Jan
4% jan
t5 %%
150
9
u
1%
8%
25
15
15
*46%
9
2,800
May
1% Jan
39
100
conv
Feb
15% Nov
20
•
14
Jan
95% Jan
t7 %
7
3.800
8%
*7%
10
12%
14%
44 y4
3,300
77 120
88%
64%
28%
Deo
28% NOV
100
No pur 7
prior pfd ser A
Revere Copper & Brass
•
■'
7%
7%
r
88
64%
%
->
v
7 7"
88
38%
Deo
i
12
26%
6
May
19% Jun
4
100
6%
500
:<
89%
10%
14%
7%
82%
9%
8%
*46%
82%
12%
7
22
23% May
86% July 27
11% July 24
l*y8 Jan
No par
Republic Steel Corp
6% conv preferred
110
89%
28
Jan
Jun
23% July
11% Apr
-■
12
with warrants
Reo
3,100
!.
9%
14%
50
:
86%
,
Dec
29
8
tRensselaer & Sara RR Co
24,300
■*'
12%
10
15%
*46%
7%
17%
101
66
*36%
38%
25
8
83
17%
*99
89%
9
25
83
83
7%
17%'" ''
100
9%
10%
25
7%
17 %
100
54%
•
5
3 % Jan
; 66 V* Jan
100
Corp
Mfg Co
Preferred
22% Jan
5
100
—
Hosiery
'Remington-Rand
6,900
12%
16
*8%
83
17%
100%
Dec
Jun
7%
34% Mar 30
30
Deo
3%
15%
:
3
50
Deo
59%
Apr
34%
26
6
Reliable Stores
Reliance
16%
*82
7%
7Reis
300
89%
7
:
9%
*36%
*100
83%
*81%
♦64%
88%
66
♦15
100 %
,77 7%
77: 88
7%
*87
*64
7 17%
17%
*100
2
7
11% Jan
7 26% Jan
5
46% Mar
1
1
par
'
17%
*98
2% Mar
4
July 19
25
Preferred
19%
16%
53%
;;
320
*9%
84
53
70%
*17
16%
♦82
52%
10% Jun
;
1st preferred
2d preferred
4%
'
5
76
65
19%
16%
71
2
59
.
preferred—
Reading Company—
!
27%
*4%
10%
16%
12% May
4
3% Jan
100
Inc———
$3
1,100
32%
*73
70%
84
52%
;
5,300
16%
77;
*27
76
*17
2
Jan
1
preferred.*
conv
'
10%
18%
10%
:'
-
27%r
*73
par
par
7Raybestos Manhattan.-,
7 2,000
14
31
16%
*31
; 5
*4%
77
75
t6%
1,030
25%
.
No
1st preferred—No
conv
1
33
27%
75
25%
13%
Corp of Amer
$3.50
Radlo-Keith-Orpheum
23,900
90
♦30
17
*31
32%
27%
76
88%
:
1,700
8%
7
Radio
95.300
7'
69
8
90
30
*73
10%
77.
77
9%
9%
"69
8%
14%
76
,
10
69%
'■
8%
30%
•••
*17
8
t
17."
7
7
89
•
84
52
24%
*31
5
9%
68%
,y
8%
88
*29%
28
♦41/4
4%
10%
70
25
77714 '
29%
♦32 :77 33
:
...
>7 7
14%
*
8%
87%
52
*83
>
69 %
/■' '
8%
7 88
87
4%
*73
•
30
*27%
4%
76
9%
97/s
>' 70%
77/a
25
*32%
28%
4%
*73 .;?•
70
88 y«
16%
17%
34
9%
9%
70%
7%
-
.
>14 %
88
-
9%
70%
.
70%
8
■v..
•
122-
3
Jan
2
July 30
Jan 12
Jan
2
Jan
2
Jan
6
Jan
6
Apr
9
Jan
2
Jan
2
Jan
2
40
9 % May
5
7 31% Mar 31
Aug
3%
12%
1%
58% Feb 23
14% Jan 20
26% Jan
4
4% Feb
1
22% Jan
2
May
66
May
14% Jun
1
7
Dec
22%
Deo
3~4%
Jan
42
Apr
62
Dec
5%
Jan
8%
Nov
3% Mar
4%
10% May
7
4
Apr
6%
Nov
13% Jun
5
3%
Jan
6%
Nov
14
,
July 12
63% Mar 30
129% July 23
7% Apr
22
1
May 28
4% May 10
82
May
43
116%
Apr
Apr
55%
128
Jan
Jan
Dec
3% May
5%
Jan
11% May
1
15%
Jan
Apr
1%
Jan
7
32% Julv 23
~9%
May
1*6%
Dec
July 24
17%
Feb
26%
Dec
33
12% Jun
5
27% Jun
2
3% May
20
Sep
4% Aug
25
Jan
RECORD
NEW YORK STOCK
v
LOW
Monday
Tuesday
Aug. 3
Aug. 4
July 31
$
share
J per
31
31%
32
32%
32
29%
>
29%
30%
31
32
30%
6%;
6%
6%
6%
6%
*7%
7%
*7VB
8%
32%
29 V*-
29%
29%
,
6%
6%
8%
6
*7%
8%
*42%
43%
4Va
share
Aug. 6
-v1
6V4
*7Va
Shares
32 V*
32 V*
32%
31%
6%
7%
6%
6Va
V:
10,700
44
*42%
'
*4%
4%
4%
10%
10%
10%
48%
;
V
49%
5%
5%-
39%
38%
39%
15%
39%
15 Vb
14%
15%
10%
10%
•'11
10%
23%
8%
r
5 Va
38%
*8%
15%
14%
15%
14%
10
lOVa
10
10 Vb
23%
24
23%
23%
23
23%
5%
;
5%
•
*6%
:
86 Va-
86 Va
86 Va
77/B
7%
45%
45%
5
5%
4%;
28%
28%
2Vs
I 2 Va
2Vb
2 VB
20%
.•20Va
*20%
13%
14 Va
13%
*100 V*
100%
-A
v:,;
14
27%
27%
47
46
28
27%
46
2 Va
2 Vb
2%
2Va
20%
20%
20%
20 Va
14%
14%
14
14%
13%
86%
<
27%
27%
27 %
45%
46%
45
8%
.
19%
21
20 Va
3%
85%
8%
8Va
19%
20%
20%
21 Ve
20 Va
21
31%
31V#
31%
31%
31%
31%
31%
•8%.-
31%
52%
10
10%
81%
82%.
7%
,
31%
*9%
26,800
1%
Nov
15%
Nov
10%
Feb
85
Mar
97
Dec
22
May
34 Va
Jan
31% May
43%
Jan
Jan
6%
Dec
50%
50%
7%
,
360
1%
3,200
Twin
7
25% July
5
8
6
7% May
8% Jan
18 V*
16% Apr
8
% Mar
2Vb
.
6% Jan
15 % Jan
27
11V* Jan
1% Jan
69
Jan
6% Jan
12% Jan
25
Jan
4% Jan
5
5
9% Jun
Jan
5
6% Jan
1
par
No par
preferred
No par
No par
preferred^
'
July
10% May
50
2
1
Twin-City Rapid Tran
67
100'
—
1
Coach Co
Jan
Jun
4
—No par
Corp
Dec
27 Va
Ji Mar
8% Jan
5
"
1,600
9%
9 Va
$1.50
8,100
71
70%
10
Cen Fox Film
20th
Sep
9%
10
3
V 26% Jun
4
40% Jan 20
,
No par
—
Feb
'
17% July
34% Mar 31
$6 preferred
Jan
3%
2«/a July
15% July 14
2
4
Tri-Continental Corp—
Dec
34%
12
4
Truax-Traer Corp—————No
1,400
Mar
Jan
Mar 18
33% Jun
3
4%
4
5
Jun
52 V«
5% Jun
15 r-July
Oct
Jan
42
Apr
30
.
Dec
May
dan
3%
23
4
27% Aug
—
9%
2 Va
6% May 24
2
24%
41
May 27
49
5
94 Va Jan
Axle
Transue & Williams St'l
160
.
'
20%
7%
70%
9%
7%'
7Va
69 Va
7Va
9%
•
'
9%
69
68%
9%
9%
9%
52%
67%
70
68%
10%
7%
7
7
:<%c$
70
•8Va
12
; July 12
July 28
9% July 14
7
V 8 V*
Jan
Sep
Nov
.
9% Jan
•
20%
•
■
Apr
8
88
Nov
4% Apr
34%
10
Detroit
Transcont'l & West Air Inc
12,800
'
E6Va
19%
8%
N( par
Oil--— .-10
46
8
6;
33 % Jan
3.: Jan
8% Jan
26 V* Feb
l%Jan
16
Jan
-No par
-No par
Transamerlca Corp—-
600
3%
*85
86.
31
8%
4
,
; Timken- Roller Bearing——.—No par
5,500
:
14 %
3%
3%
3Va
86%
3%
*85
4
Jan
' Jan'
May
3%
37% Oct
V 8% Dec
&
11% May
2% Jan
Dec
7%
y
103% May 26
Timken
16,200
20%
*14%
14%
14 V*
15
21
7
1,400
July 22
t$4.50 'conv preferred——No par
1,130
2,900
■
,
18
Apr
Oct
Jan
42 V*
"
Apr
>s
Nov
:
4
9%
-
2
■
■
-
12
5
52
Apr
28
6% July 14
41% July 13
6% Jan
35
Jan
1
25
Associated
Water
30
53% July 14
8
*
31%
9%
9,800
'
8Va
8
8%
8
21%
•
20 %
70
:
Tide
■
3%
8 %
8%
s
45%
-
31%
8%
8%
800
Jan
5% Nov
35
Mar
7% May
,13% May 29
13% July 14
_10
-
Thompson-Starrett Co
$3.50 cum preferred-.
1,900
t
101
*8%
20%
8%
:
27%
*14'
87
"84
V'
r-i o o w -f
.14 :
'
3%
3%
87
100 Va
8%
13%
V 3%
100%
20%
8%
20%
3%
100%
100
28
8%
87%
14 Va
46
19%
3%
14 Va
27%
8%
14%
14%
13 Va
46%
21%
87 %
■'
2 Va
5%
Apr
1%,
28% July
—_1 y-•
(J R)
Thompson
32
3
Apr
5 % Mar 16
7
IG0
Thompson Prods Inc___
1,700
y.'4V. Apr
45
7
■
29
3% Ailg
8 %
7% Jan
Third Avenue Transit Corp.JVo par
•
13%
28%
20%
28
19%
8
*12%
13%
29
46%
21
8%
*12%
*28%
3,900
.
2
Pair_r__———»L—-,,-No par
$3 div cpnv preferred
110
•5%-",
'
100 Va
20%
8
3,8oo
46%
*45%
2%
13%
*45 V*
•
;
\
May 20
8% Jun 24
8
17 % Jan
No par
No par
—
preferred
conv
25% Dec
1
Preferred —I—1
Thermold Co_—
■
277/B
r
: 46 Va
;
.
7%
.
20%
2 Va
100
100%
100
7Ya
4%
13%
The
'•
;
:
■
46%
*45%
:i
29
29
21
13%
.
5%
*12%
28%
2%
20%
45%
5Vt»
13%
28 V*
28%
28%'
-
20%
;
230
'
:
*12%
13
*12
'7%
7%
45%
45%
■
t$3.60
110
,
86%
"
8
7%
7%
Thatcher
Mfg Co
29% Nov
15% Aug
100
Texas & Pacific Ry Co
•
v
7%
-10
Texas Pacific Land Trust
1,600
.
*6%
86%
7%.
7Va
86%
No par
No par
V Texas Pacific Coal & Oil
13,600
1,800
44
44
-
*6%
*86 Va
;
13%
*12%
44
7%
86 Va
7%
'47
47
45
*43
42%
42 Va
'
vi
9
8%
.9%
*9%
9%
*9Va
9
*0%
V
9,200
14%
10%
45%
8Va
7%'
Sulphur
15 V*
*86 Ve
;
Produc'g Co
Texas Gulf
10 Va
7%
86
92
*86%
Texas Gulf
1,900
*23%
8Va
43
*6%
•7%
*6%
4,800
15%
8%
42%
45
*42%
■
5%
38%
10%
23 V*
5
—25 1
(The)——
Texas Co
9,500
50
"
share
19 V* Mar
35% July
5% Jan 25
35
Jan
2
3
Jan
9
8% Jan
8
41% Jan
2
3% Jan
2
36% Jan 13
v 8% Jan
5
—9..
:50
Corp
5%
38'A..
10
'
Tennessee
Highest
per
8
35% Apr 22
8
4% Jan
—5
Telautograph Corp
38%
5%
5%
38%
49 %
50
49%
5%
38%
1,300
10 Va
14%
■
23%
23V4
9%
23%
38
50'A
5%
38%
5%:
-
•
49%
49
48
49
47%
5%
5%
10%
10%
10%
10%
10 Va
9%
10%
10
3,600
4
4
4Va
4ya
4%
4%
.
Jan
22% Feb
No par
—I
preferred—.1
5% %r partic
10
44
*43
29
1942
Lowest
$ per share
$ per share
t per share
——
Talcott Inc (James)
8Y4
*7%:
V
.
44
*43
44
*43
43
43
;
'
:
Highest
Lowest
..
.
*7%
Year
Range Since January 1
Far
Swift International Ltd
Sylvania Elec Prod's Int—
Symington-Gould Corp
.
10,500
31
30
.^,..y
j
2,200
Range for Previous
STOCKS
NEW YORK STOCK
<
EXCHANGE .--yy-yyy—
the Week
;
t per share
sharer
32%
32
31%
$ per
t per
f per share
per share
Aug. 5
'
Sales for
Friday
Thursday
Wednesday
Aug. 2
Saturday
>
HIGH SALE PRICES
AND
Monday, August 9, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
4% May
8
4
Dec
12% Mar
71
Nov
Nov
May 25
56%
Jun
4
5%
Jun
•7% Aug
24% July 15
7%
Jan
16
Oct
34% July 14
19%
Jan
26%
Nov
1%
Jan
77% Jun
1
18
21%
Jan
78%
Nov
11% Jun
10
5 Ve May
7%
Nov
2
28% Jan
90
6
4
'9% May
7
7
6
Nov
U
*113
*114%
112%
19%
-.*113
93
27%
27%
*27%
21%
21%
*65 Va
*23%
26
*23%
107%
107 %
27 V*
27%
27%
Un Air Lines
19%
United
108
28'/a
27%
*23%
*66
.24 Va
■
23 %
23 %
United-Carr Fast Corp
29%
29 Va
30 Va
29%
30%
12
12%
12%
12'A
7
*7V4
89
•
7
58 Va
6%
30
9%
68%
69%
9%
9%
'
2 %
2 Vb
4%
'•v-yy
10 Va
9'A.
.
.
9%
2%
2Va
22%
22%
22%
22%
4%
4%
*4%
4%
4%
4%
9%
9
9V*
94%
94
94
14
14%
*68
68 Va
8%
9%
9%'
.
9%
•
9Vi
95%
95%
94
95
95
95%
94%
15
13%
14%
13%
14%
15Va
15%
15
68%
68^8
67%
67%
67
68%
69
69%
69 V*
8%
8%
7
36%
41
36%
5
6%
9%
40%
42%
*40%
42%
*40%
42%
37%
37 V4
37%
37 Va
2,000
5
" *5%
5%
5%
37%
2Va
39
38
38%
52
52
-
23 Va
23 Va
*48
50%
*48
38
38%
38%
38%
2Va
40 Va
41V8
70%
71
53%
53%
52'A
22%
22%
23%
*48%
?
*70
53'A
120%
120%
24
24 Va
52
70%
';•/.
121
2Va
2
2 Va
77%
*72
*72
50%
*48 V*
50%
50 V*
50 %
3%
3Va
3Va
3%
3%
2
1%
1%
1%
1%
69
77%
•72
75
*16V4
17Va
*16%
18
5%
5%
5%
36 y4
36 %
68 Va
67%
69
160
*72
5%
36%
36%
*35%
*157
•
*67%
160
*157
*157
37
36 Va
75
*72 y:
16%
*16
37
*35 y*
5%
*156
5%
70
70
158
500
156
120
70%
70
*156
150
156
preferred—-—.—100
8 Vo
10
20
————25
8,700
V
21%
*10%
19%
21%
19%
20%
20%
20%
11
20%
*9%
10 Va
io ;y
10
10%
10%
*32
33
*32
33%
33
*117%
r-"*42
*117%
*117%
33 ■"
V.
*32
vyyy
20
*10%
*32%
33
*117%
y'
.
^ 1..1'
20%
10%
yy-r
33%
19%
*32
*117%
300
of Am——No par
Van Norman Mach Tool-———2.50
34 v;
10%
300
Van Raalte Co
Vanadium Corp
7%
*117Va
*42Va
43%
43%
*42%
43
43
43
43
*62
70
*62%
70
*60
70
*64
70
*64
70
*64
*60
66%
*60
66%
*60
66 V4
*64
66%
*64
66%
22 Va
*22
23%
*22%
24
*23
23%
3%
4
Vfck
70
22%
42%
3%
4'/a
4
51%
*119%
50%
52
122
119%
32%
32%
32%
33%
33%
33%
*98
103
*99
4 Va
52%
■
32%
y
5i
120%
119%
:
39
*36
40
*37
42%
32 Va
*37
34%
34
103
*97
%■
*64
V
*23
?:
4
52%
66%
24
.
51%
*120
120 % v,
*32 Va
32 Va
*36%
40
34%
;
33%
*97
103
4 Mr
53
y::'- 4
x47%
y
121
33%'*
120
43
4
:,
vy y 23%
>-:"
"
48%
47%
121
120%
—~
.
•
32%
33
10%
10%
*26%
*107%
27%
110
For
*143
♦143
32 Va
10%
26%
26%
*107% 110
footnotes
32
32
10%
10%
see
page
555.
26%
*107V2
y.y:
32%
IOV2
26%
110
*143
32%
400
Inc—-—-!
preferred
.
Chemical Co
1
1st
Vicks Shreve & Pac Ry
5%
•
Victor
300
preferred
Chemical Works:
5,900
Va-Carolina
47%
2,400
div partic preferred
Va El & Pow $0 pref
121
6V»
90
*32 Va
34
150
Va
40
*36%.
40
37
37
100
Virginian
*33%
34 V8
33%
34
1,100
103
,
*97
*32 Va
103
*97
—
33
*143
32 Va
—
33
10%
10%—,
10%
10%
26%
26%
*26% 27
*107% 109%
*107% 110
34
Iron Coal &
6 %
103
Ry
Co
—
preferred
Preferred
—*
32%
32'/*
4,800
Wabash RR preferred
10 V2
10 Va
27
1,600
Waldorf System
800
t
,
Jan 17
Jun 17
Jan 4
Jan 8
2
•
Jan
20%
Deo
11
104% Mar
Jun
Jun
1
37
3
16
May
5
5% Apr
6
8
9% Jun 10
37 Va May 25
42
July 9
44% Jun 2
11
July 22
46
129% July 23
62
May 7
71V* July 26
59% July 15
July 19
Apr 5
125
29
42% Jan ;4
50% Aug 6
6
Jan
Jan
Jan
July
July
Jan
.
2%
80
20%
6 /4
Jun
Jun
July
July
41 A July
75%-July
' 5
13
23
9
9
15
150 : Jan 12
161
1
7
2
2
18
7
Jun 18
Feb
4% Apr
8% Dec
1% Apr
3%
Nov
Jan
33% Aug
3% Mar
•
6% Sep
35
Feb
25%
Jun
48%
Jun
72%
3%
Jun
v5% Dec
11% Apr
2% Sep
2%
77%
.
16%
4
Jan
Oct
Apr
Vs
Feb
5%
Apr
Dec
67
Feb
11% Jan
6% May
64
40 V* May
Dec
May
174%
Dec
4% Apr
6%
Jan
159
34 V*
Jan
41
Sep
24%
Apr
34%
Jan
2%
Apr
7
Jan
22
4% July
14%
Jan
99
May
114
Oct
Jun
29% Dec
26% May
30% Aug
20
32%
Dec
1
Mar
Apr
% Aug
27 y*
Dec
103%
Dec
37 V* Apr
51%
Jan
58
Apr
71
Jan
44
V4 May
55%
Jan
13% May
54
Mar
107%
119%
Jun
Jan
24
Apr
39% Mar
Jan
46%
15%
3% July 19
Jan
Dec
20
July
3% May 10
25% Jan 5.
101, Jan 8
> 46
Jan 4
64% Jan 13
47% Jan 7
112
Jan
8
21% Jan
8
58%
Jan
May 10
IIO'/b Jun 29
8% July 19
,
113
Jan
July 14
Jan
17
May
Jun
19% Apr
6
H «*an
104%
19
July 12
73% July 19
181 % Apr 17
9% Mar 25
43
Mar 26
x42% July 14
7% Apr 26
29% Jan 13
32
Jan 15
nrofhrrarl
15%
Jan
4
25% July 15
8%
25V2
Jan
7
12% Feb
115
5
100
—100
5
41
51
100
57
39
116
Jan
% May
% Apr
1%
1
Oct
34% May
60%
Dec
12
July
15%
Nor
41
May
142
Apr
20%
Jan
Oct
nrlfVi
11% Mar
Jun
112% Jan
;
26
Dec
116% July
Jun
12
Jan
7
Jun
22
30
Jan
22
62
May
4
50
July
55
Jan
15
67 % May
6
15
55
Sep
60
Nov
25%
Jan
Feb
Jan
5
Jan
15
80
Jan
100
113
Jan
14
Jan
Jan
Jan
24% Jan
7% Jan
20% Jan
1
Jun
Mar
44
20 Va
1
7%
19
118
27
100
14Vi
Mar 15
25
25
100
29%
25
36 Va July 14
11
Jan
22 V2 July 31
4
2% Jan
No par
No par
Walgreen Co
A. I/*%. CL
5
No par
Coke 5% pfd.—100
Vulcan Detinning Co
*143
*26%
*107% 110
4
Jan 8
Jan 29
Jan 19
13% Jan
Apr
7% Apr
9% Mar
July
13% May 4
97
July IS
108
Jan 16
6% Jun 15
9V4 Aug 2
29 % Jan 13
100
No par
Cbem
3%
33%
'
*143
23%
3%
,
89
8
27
■
Feb
Feb
May 12
2% July 21
,
81%
30
y36%
Jun
:
10%
1
30
Stockyards Corp.*——1
1%
United Stores class A_
5.
%
$6 conv preferred
No par
56
Universal-Cyclops Steel Corp
—1
14%
Universal Laboratories Inc
1
5
Preferred
i
No par33
Universal Leaf Tob
No par
59%
400
37
*35%
37
70
No par
Co
preferred
9%
59
173
5%
39%
United
13,200
'
100
Tobacco
S
7%
1,500
-
18
5%
U
75
16%
*5%.
*72
5%
160
*67%
70
160
'•
'
No par
Preferred
10
—10
50
.
Steel Corp
U S
1,600
1%
■
2
.
24 Va
3Va
•
3 Va
Preferred
V 2,900
24 Va
■
,
-
preferred—————100
Smelting Ref & Min
50
U S
39,500
*48%
50%
16 Va
*5V4
5%
*5'A
3Va
•
78
.
16%
16 Va
;
•
4
6
2
3% Jan
4% Jan
84 Va Jan
No par
1st
400
120%
Plywood Corp
;
700
53%
Playing Card Co
U S Rubber Co.
1,600
119%
;
24 Va
tU S Realty & Irapt—
29,600
-10
20
-10
1
U S
70%
52%
53%
v
3lA,r
2 Ve
,
6,600
52
*70
'
.3%
.4
4
12
9
- 2
Dec
85% Nov
74%
14% July 26
9
Jan 30
66
July 3
9% Jun 5
35
Apr 8
76% July 6
10 V* July 24
4
Jan
■
16%
10
May
63% Jan
23% Jun
2%
34%
26% Jan
60% Mar
5% Jan:
2V» Jun 16
10% Jan
6
;;
par.
100
1
Foundry—I
U S
2,400
40%
39%
*124% 126
41%
125%
54 Va
120 Va
3 V4
3%
1
Preferred
300
'
2
2
2Va
*51
71
?
38%
125
52
52
120%
50%.
2
124 V2
120%
:
38
39
23 Vt
.
*38Va
39
U S Pipe &
par
No par
—
U S Lines Co—
16,300
40
119%
23
'
1,300
52%
54 V»
119%
119%
y
1,100
71
'
119%
6%
9%
40 Va
123
71
53
54%
,
Inc._No
preferred
tPrior
30
31%
123%
40%
39'A
123
"
53%
:
Chemical,
Partic & conv cl A
1,400
9%
9%
Indust.
S
U S Leather Co!——————No
600
.
31%
2 Va
2Va ' V
52
*70%
71
6%
7
5%
16%
110
32
9V4
32
39 *
'
*70%
::y:
16'A
*109
31%
32
*38
37%
41'A
.
6%
7
*5
5%
16%
110
U
•
124
*51%
16%
9%
9%
-
37
37%
■■
*109
109%
7
9%
31%
2Va
123
*15% : 16%
6%
*9%
39%
41%
:
109%
37%
37
.
■:
31%
;:y- :::'2':yy
53-
*51
U
120
40
♦39 y
40
125
124
*40%
.
9%
31%
2Va
—No par
20
1% preferred
1
100
S Hoffman Mach Corp
5
5%% conv preferred
50
U S Gypsum Co
1,600
32 Va.
9%
32 Va
■
8%
——
Co——i
XJ S Freight
20
181
8%
110
*109
7'A
6%
7Va
9%
37%
*177
y
8%
;
r
16%
15%
16
110
32 Va
*39%
177.:
Paperboard—
No par r
$6 1st preferred——No par
140
37
36
5%
15%
*109%
16%
110
1
10
US & Foreign Secur—
8%
42
38
*5% V.-6-y:16 Ve
*109
69%-:
5,600
.
8%
9
*39 Va
41
36%
—
United
'
42
*40
•
1,700
8%
? 8%
8%
■
:
177
178
*177
177
177
178
*177
Ex-distrjbution
,1,200
''
■'
96
178
5
United Mer & Manu Xnc v t c
.
5ya Jan
5
Cos
—
,
3,200
.
Coal
United Fruit Co:
—_No par
i United Gas Improv't——No par
4,300
23
-
Electric
United
28,800
2%
22 Va
:
13%
•
21,700
2%
2Va
2%
2,900
'
9%
.
Preferred
—
United Eng & Fdy
400
,
71%
'9%
.
7
United Dyewood Corp—
i
1,900
4%
4%
*95%
*177
70%
71
9%
'
29%
*28%
29%
70
10
'
6%
5
7% Jan
2% Jan
38% Jan
—
108
Nov
21% Aug
69%
x26
'
:
9% y
:
y
*28%
69%
9%
2%
21
22 Va
4%
7%
70
21%
2 Va
2Va
3
•'V;.:, 21%
22
4% V 4%
•
6%
29%
69%
9%
-
7%
*6%
29%
29%
69%
-
9%
.
■:
30-
29%
69
30
700
.
17% Jan
1
—10
100
Corporation
113%
July 22
114
7
2
100% Mar
Jan
Dec
May 27
Jun
3
22%
2
91/*
83
Mar 30
33%
16
May
July 10
114%
8
55'/a Jan
No par
No par
United Drug Co.
.
Jan
109% Jan
preferred——— No par
S3
'
6%
69%
7%
57%
*7%
58 Va
58 Va
59
*58 y8
58 Va
*6Va
59
*58%
:
11,600
*6%
7%
6%
7%
'
12%
57%
12%
30%
12
30
11 Va
1%
Co-
108
Dec
46
Sep
Apr.
Apr 29
.
18% Jan
11 Jan
United
1%
1%
Carbon
16
par
par
preferred-
7Va
58
• May 5
July 14
114
22%
102%
96
28 %
40
25% Jan 6
93% Jan 4
17% Jan 20
100
*23%
5%
8
*
26
May 27
86%
xll8 ,
6
24 % Jan
No
United
—
-
Feo
11%
2
8
2
No
66 %
12%
^Va.
5
Co
66 %
31 Va
r
Biscuit
19%
*113%
23%
23%
100
—.
Transport
66%
11%
-
preferred
Conv
5
.
*19%
■
1%
7Va
No par
*113%
■'-.if?.
■
1%
7
5%
100
—
...
66%
20 Va
*19%
*113%
114
1 Va
■7.%:
30
-"9V*
107%
31%
108
29V*
.
12'A
100
United Aircraft Corp
66 Vs
:
-
•:
32 %
1%
1%
■
31
2V8
31%
1%
1%
69
21%
32%
32
preferred-
'4%
92%
Jan
Jan
Jan
July
59
Jan 18'
Jan
2
Jan 13
Jan
5
79% Jan
par
25
Union Tank Car
66%
26
•v
27
20 Va
20 Va
66
9%
27
27%
113%
67
5
27%
32 Va
:::
%
59
:>■:■ 6%
94%
92 '
107%
21%
20%
•114
*114
.
—No
Union Pacific RR Co_.
96%
96%
92
27%
94%
28%
27%
series
92
30%
109 Va
20%
.
95%
'92%
Preferred $4.50
No par,
Union Oil of California
20
27%
107%
32
31 Va
107 Va
7%
'
'
27%
.
113
19%
27 V*
94
95
93%
117%
*112
*19%
No par
pfd
Union El Co of Mo $5
93 Va
93
94
ms
112
20
No par
Carbide & Carb
Union
*114%
117%
112%
19%
31%
12 Va
82%
111%
109%
30
83%
93
it
27%
1 Va
83Va
> 116 Va
26 Va
65
82%
42
8
79
113.
105%
15%
80V*
-No par
Union Bag & Paper
9%
19%
31 Va
*
9%
111%
*107%
t
9%
20%
116 Va
19%
94%
*27%
9%
110 Va
110%
95%
94%
tJrider Elliott Fisher Co
50
81%
82
*113
20%
*93
,
9%
10%
81%
112%
19%
50%
50
50%
,
9%
116%
*110%
50%
'
WoW
26% Feb
i
6% July
68 V2 July
121
35% July
14
.
July
39
2
35
8
108
July
July
Apr
Jun
1
1
22
16
29
2
8
15
26
148
4
38
5
11% May 29
2
28
IO
ma
July 23
Va July 15
.Tun
in
May
18% May
42
Dec
,1
Jan
2%
22%
Jan
40%
Oct
110% May
117 V*
Dec
14
Jan
24
Apr
26
May
70
Jun
120
Mar
21% July
6% Mar
Oct
1 21 % Nov
31%
29%
Jan
Oct
96% Mar
138
Jao
30%
Jan
7%
Nov
20%
Nov
16
Apr
97%
Jun
102%
Oct
.Volume 158 ^Number 4201
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
low
Saturday
AND HIGH SALE PRICES
Aug. 2
S per
3 per share
7%
7%
AA
46
46
17%
10
*17%
■r
*45%
45%
17%
*17%
18
*9%
9%
10 %
*9%
10%
1%
1%
1%
1%
45%
17%
9%
1%
vk
7%
NEW
Lowest
Par
Walk
(H) Good & W Ltd
Ward
900
$
per
$ per share
share
4% Jan
2
No par
38% Jan
15% Jan
4
No par
4% Jan
5
% Jan
4
Jan
20
7% Jan
9% Jun
12%
13%
12%
89 JiS
89
89 hi
12%
13%
89 Si
28
23%
k
15
-
,6
5%;
23
23%
73%
73
ISA-
15%
7
Baking Co cl A
B1
93%
91'A
82
81%
*14
106 %
26
*8%
9%
5
3%
13
36%
82%
90%
91%
91
81
81
13%
13%
26%
90
91%
*127
128 Va
37
88%
;
27
♦25%
*110
aa-
*36%
25%
Va
60
in
♦110
a:-.
25%
25%
a.
110%
110%
111%
*57
60
60
*57
93%
93%
93%
*93 V4
21%
21V*
21%
21%
108
26%
'■■v,:
-■
36
21%
vva
91
90%
127
38
90
93%
21%
22
.69
*18%
5%
72
a
.
19
18%
18%
20
19%
20%
10
9 Va
9%
5%
6
5%
5%
25%
5
7 %
25%
5%
4%
7%
6%
6%
Western
Auto
11,000
59
1st
80
$4.50
12
79 V*
11%.
•
8%
7%
•
.79
80
♦10%
10%
10%
AAA21AA
23
"l
38%
36%
39%
19%
19%
20%
135
♦105
198
20%
20%
20%
6%
9%
93^
8%
9%
17,600
White
5%
4%
5%
4% ■>" sv4
15,400
72
25
70
*67%-
7.0
*23%
2S
11%
4%
5
*4%
7 Vi
7
7%
'6%
'7%
12
12%
*11%
12%
7%
.
a
7%
aaa
79%
78%
11
10%
A: a
*116%
23
36%
.:
—-
*21%
37%
'
,
79%
78%
22
37 V*
11
*116%
:
19%
*T03/4
:
38
20
*116
*101
107
107
107
*48
50
197
51
♦48%
49
52
*50
51%
*88
93
*88
*68
68%
68
68
*67%
68
68
28
27%"
:135A
51
51
*88
*27V*
16%
17
16%- 17%
182
132
133
28%
17Va
16%
-
14"*
36%
13%
35%
96%
96%
86%
13%
12%.
13V*
95
13
,
*27%
28%
68
•
3%
2%
40
x20%
5
Jan 14
21% July 20
.
2
22 Va July 23
Jan
5
8
7AAA*.
13%
36V*
95
137/a
37,"
96%
13%
13 %
13V*
36%
96V4
13%
.
I
■:A:-:A'A:A;r:-.^AA';AA!y;-.e:<!i
30%
30%
32%
4 Ve
4%
•Bid *nd asked prices; no
reduoed lrom 100 to 10 -shares.
4
A
28
17%
17% A'
*132.
*
A
■:
A 17%
135 A
*132
'..-v'.-:
A
A
317/8
420
3,900
Jan
1%
Apr
2%
Dec
1% Aug
4% Apr
2%
Oct
8%
Dee
3%
6 3/i
Jan
Jan
-
■
A;-
A
A
7,300
A
f 3,500
sales on this day.
tin receivership,
a Deferred delivery,
AName changed to Sinclair Oil Corp.
Transactions at the New York Stock
■::;AA.:,A;'A-!:"^7y<:';AA'-A
'' AA :-f-
n
New Stock;
r
80% July 29
11% Apr
6
116% July 27
Shares
Week Ended Aug. 6,1$ 43
and Miscel.
Bonds
Special sales,
Government
i
Bonds
\
v
7 '• ay
" * a. a
.
Bond
<
■'(
Sales
Bonds
v v;
a
w.---—
21% May
14% Jun A
July
Jun
22
106
Nov
117
Mar
54
Jan
54
v
Jun
70
4
42%
«mn
44
Jun
80
Jun
Mar 23
39
Apr
Apr
•
1
18
20
57% Jun
108
Bonds
Monday
37,000
10,582,000
Tuesday '
9,000
8,118,500
10,000
6,730,600
10,186,000
359,000
351,000
541,630
7,758,500
6,386,600
6,662,000
262,000
?:•,
334,000
Foreign-
$74,600
37% July 13
Railroad &
*
Industrial
1943
$74,700
-
a
4% May 19
I Called for redemption.
549,134,700
Total—
^
:•
$5,239,500
78,974,100 aa
79,295,500
2,242,479,900
258,030
•
151,430
—
/1,167,615
TotaL——
of shares
**
5'
*'
'
594,000
8,000
433,000
22,000
$3,312,000
11,000
5,000
16,000
15,000
$158,000
aa
r,j,
$3,312,000
—
158,000
—
37,000
-
$3,507,000
TotaL
■=
v.
-,u
•
20
15
Total
10
Utili¬
65
Indus-
trails
roads
ties
Stocks
trials
•20.69
47.11
107.68
134.00
2
34.31
10
,
Total
First
Second
10
Grade
Grade
Utili¬
40
Rails
-
Rails
ties
Bonds
101.91
63.21
111.31
96.03
102.05
62.71
102:02
33.73
20.26
46.31
107.82
111.31
95.97
135.64
34.37
20.67
46.99
107.74
63.12
111.49
96.09
August
4——1
136,87
34.49
20.73
47.32
107.71
102.33
63.44
111.49
96.24
August
5—
136.76
34.45
20.60
47.25
107.60.
102.34
63.24 A
11156
96.19
August
6
135.58
34.05
20.50
46.83
107.72
102.29
62.95
111.56
August
-
678,000
754,000
457,000
$37,000
:
$3,507,000
Jan. 1 to Aug. 6
1942
253,670
Total
$353,000
658,000
607,000
1943
51,773,312
1942
10,450,565
$2,455,000 $140,377,000 $100,724,500
-•
9,410,000
€2,000
19o00
:
.
.
-2,558,000
927,000
532,000
$2,536,000 $150,714,000
$103,814,500
compiled by Dow, Jones & Co.:
-Bonds—
Rail¬
135.95
August
Deo
4,000
Averages
10
30
.--.v
Jan
2,000
a'.
a-v-.v':y;v..\va.a-::aaaa</.
-
Indus-
31
2%
5,000
a
'"VAAA;-,,
-Stocks-
July
20
•'
Bonds
the daily .closing averages of representative stocks and bonds listed on the New York Stock Exchange as
Date-
Oct
.-■■ ■' ■
Corporate
$97,000
657,000
1,167,615
——————
—
-
Foreign government
Foreign corporate
Stock and Bond
are
87
12% Jan
? -Unit of trading
$10,000
735,000
-j
Domestic
.
1,177,143,600
;•>.■."dr.r'•
Below
Jan
Foreign
Government
1943
$2,073,200
A..:..;,,
.
Nov
Exchange
Foreign
145,025
Stocks—No.
$30,261,000 $2,323,527,200 $1,261,678,600
AAv'.;.,-
Deo
7%
Bonds (Par Value)
Domestic
550,000
-
-
,
61,629,813
aa
28,604,800
■
37%
1% May
Ex-rlghts.
y
■
1942
202,248,130
'*
47,218,100
Jan
121 %
8% Fob
2
:
—-v-
Friday—.
$49,134,700
Jan. 1 to Aug. 6
;1942
1,464,172
1,581,500
Jan
23% Oct
14V4 Nov
Apr
111% Jan
5
Apr
28% Jun
78
Jan
7
May
$3 43,000
Thursday
6,924,000
$1,842,000
$74,600
1,842,000
104
62
15% Jan
10%
12
Wednesday——:
•
—
57 V4 dan
■}<
■■..
'
S. Government
a-
'
13
■
10,847,000
Week Ended Aug. 6
U.
Jan
125
;
Jan
of
Shares)
Week Ended Aug. 6,1943
>10,000
5,262,830
Deo
21%
Nov
(Number
362,000
1943
ofr shares———,
31/
117
WeeA: Ended Aug. 6
Stocks—No.
Jan
AAAA^A AAiAAA AA A-;A-VAA
-*r
10,475,000
$47,218,100
3
7
Oct
24
A.-A
Saturday——————
5,262,830
Total-
Dec
30%May 10
2
18% July 19
118%liaa 42
141
July 24
7% Jan
4
17% July 13
30
4an -• ;41 % July 14,
82 - Jan. -4
97% July 17
9V» Jan 2
16% Jun 7
..
.
$5,932,600
614,920
-
16%
2
Stocks
Foreign A
Total
$8,600
:
110%
Daily, Weekly and Yearly
Vntted States
$174,000
733,790
Thursday
-
Ex-dividends,
x
$5,750,000
1,203,830
—
733/4
Jun
a •
12
9
2
1,345,210
Wednesday
Sep
: .'«».*
130
Jan 15
19% Jan
823,450
Saturday-—
61
Jan
Jun
9
Jan
Sep
■107%
Transactions at the New York Curb
Exchange
Railroad
Number of
243/4 May
53
May
145
July 30
AA;
Daily, Weekly and Yearly
Stocks,
24% July
42% July
46
88
Zonlte Products Corp—
s
40
28
4
21% Jan
12% Jan
Zenith Radio Corp—
Cash sale,
30
27
Jan
.!V.. <->-,■
4%
4
.
Jan
6% July 19
AA
.—28
Yellow Truck & Coach cl B
1
Preferred
———100
Young Spring- & Wire—No par
Youngstown S &
pet
; t5%% preferred series A-——100
Youngstown Steel Door—.—Wo par
-
32%
32%
4'/a
J
-
Civ-;?1
; v.
NOV
3%
'
-..
'.
i.1,200
Jan
SVe
Apr
1%
9VaJun
>
44% Jan
--
Yale & Towne Mfg. Co—
20,900
{
230
i 2,600
135
.
105
15%
"Mar
3
A
22%
No par A A 58% Jan
■<
.
1,400
:
13 %, ;13%
35%
35%
97 \
97%
13% 13%
:-w
A tv'.
'
;.
i
-
28%
17%
28
13%
13%
;
36V* .36% A
96% .97
"
13%. 13%
A
'
Prior pfd, 4%% Conv series—100
Wright Aeronautical.
No par
(Del)
12 "" Jun 7'
A
Apr
*112% Feb 15
v
Jr
Deo
15%
16 y2 Jan 2j0
100."
100
(Wm)
15%
July 30
2
Wrlgley
Jan
12% July
Apr
30% Jan
400
69%
8% July 27
preferred B—
Prior pfd 4%% series
Jan
58% Dec
14% July 14
10 '
Apr
27% Feb
26
2
100
50
93
Dec
86
6
7 % preferred A
f
15
8
Jan
4'A Jan
57 Va Jan
9
Jan
108% Oct
Dec
July
17"%
Jan
Dec
31%
19
2
115
Dec
32%
Jan
2
A:
83
127
Jan
2% Jan
10
Oct
Mar
42%
6% July 30
2 ya Jan
—
*
80
103/a July 26
Jan
Jan
Feb
100% Jun
96
V*
_
i
23
<80
1*
10
No par
"
No par C
5
.
-
112% Jun
8%
30
19%
Apr
63%
Apr
6
July 17
24% July 22
,71% July 14
13% Jan
6%
3p°
■
68 if-
68
28
17%
17%
131% 134
a
,131% 131%
13%
35V*
14
Friday
2
15
Worthington P & M -<Del)—No par
93
-
A,-,AAA
28
Monday——
Tuesday
9
18
Jan
58% Jan
,20
i
Co
Mar 13
Jan
9
I ii
49%
A 50%
93
*,67%
68
*48 A
.
'
51
*83
51%
120
*107
'
AAA1 "A A
28
■AAAA
22
52
Jan
Aug
Apr
23
5
Dec
3%
Feb
109
29% May
Jan
20
13% May
9
Feb
104%
4% May
23 %
1
17% Jan
A
3
40 >A July 15
24% May 29
Jan
18
Apr
3
;B
'3,900
;
2
Jan
113%
12% May
July
Jan
9,000
19%
5
July
Woolworth (P W) Co
•
200
14
Jun
Woodwaid Yron Co-!-!----———.10 A "
1
May 22
40
'Wisconsin Hi Pow 6 ^ pld_-----100 *
<v
* 135
*116:
-
120 a
*47%
51
-'94 aa
38
May
10% Sep
97
Sep
100
No par
preferred
Wilson-Jones
900
Jan
102
136
1
Motors—
$6 preferred
2,600
i'
22%
•;
19%
20
*19%
50%
♦50%
94
13l/a
Wilson & Co Ine
A
Jan
93
5
No par
'
—
37%
*104
*100
.
*21
21% !
135
*91
*96
16,700
conv
91
104
2
preferred—!
Willys-Overland
G%
Apr
12
85
Nov
10% Nov
Apr
Jan
Jan
*71 Va
Apr
Jan
——1
Spr Co
Wilcox Oil & Gas Co
5,100
11
*116%'
37%
20
53
38V4
Prior
4
—20
t$4 oonv preferred
boo
7
July
41%
81
—No par '
Co.—J.
Rock Min
fe7,40O
| 2,100
:
:
—
21%
*116
.
97
13%
A
'
a: A
38
•
*91
35%
5
7%.
7%
"-'"'<•78 "y:0 78 Va
8
*10%
.a.
a;
135
19%
20
*116
♦47%
.
*50 V*
133
160
|
;
12%
7%
7%
70
24%
*23%
2
Nov
3
34
31
White Sewing Mach Corp
4% :-a5aa-.
10%
*21
21
38%
135
51
*47
21%
9%
78%
*116%
--
♦116
*115
19%
11%
:
77%
10%
79%
*18%
20%
c:
7%
10%
18%
70
5% Jan
18
1
20% Jan
36
Mar 29
<8 % Apr
U% Apr
A
Jan
May
7% Aug
3
29 % Jun
s
Oct
59% May
120
White Dental Mfg (The S S)
18%
7%
ll.%:
a
8
200
19 V*
23%
2
Feb
14
A
v
Jan
1%
15
8
Jun
109
2
-
15'A Jan
No par
68
White Motor
Jan
5
26 % Jan
r
"
100 ? *:
—100 AA
Wheeling Steel Corp
$5 conv prior pref
9,600
-
2 'A Jan
par
11%
'
'
*116%
•116%
*21
12
7%
v
preferred
Wheeling & L Erie Ry Co
5%% conv preferred
*66%
21
16
25
July 28
No par ' " 106 ya Jan 15
67
.
5
No par
67
•;
119
19
Jun
85% July 13
8
Oct
Jan
4
July
Dec
Jan
13%
50
Instrument
280
•
19
Aug
Nov
8%
39 Va
12
12.50
Westvaco Chlor Prod—
70
<4,300
Jan- 2
29%
Oct
;
19
Nov
80%
y
50
700
Elec
'
3 00 "
No
preferred
Weston
|
21%
<97
100
;
200
^
93%
<■84
10
Telegraph
i
a
4
4
Westinghouse El & Mfg
«o
110
21
21%
Union
i
26%
93%
a
2d preferred-;.
I
*25 3/4
58ya Jap:
100 " " 109
Jan
No par
11% Jan
100 * '103
Jan
7
July 2
July 15
17% Jun
•
57
100
Westinghouse Air Brake
6,300
77
Jan 21
8% Jan A 4
67 % Jan
Supply Co
Western
a::
a-
37
110
4%
69
26 %
Feb
Nov
1
May
24%
2
Oct
6'
4% Apr
July 23
8% July 8
»
par"A
Maryland-.
91%
a *57
94
21%
66%
*18
.25%
1
12
66%
74
25%
5
5%
6%
*70
74
25%
>
21%
5
♦70
72
*25%
Va
9V*
9%
5%
:
68
* 18
-
20 Va
9%
67%
19%
19%
197/a
a
68
66 Va
69
*93%
—
Western
"
93%
Pulp & Pap Co-,
preferred--
t6%
8
100
West Va
•
2% Jan
Jun
16
21
July-
16%
% May
X65
8
■26
17% Jan^ 5
177/a Jan 1' 4
100 A
/ 7,100
127
No
-
12,200
*36%
:
59
.
A
36
*21%
127
,
25% a
*57
a
8
35%
class A
preferred
preferred
3,300
4
21%
7%
6%
17 Va Jun
1 "A
Corp..
I 2,800
26%
4
;<:.:# 8-4
:£? 8%
110% 111
94
21 Va
:
4%
25
60
*93%
108 A
.
27 A>
127
25%
*57 a
160
*37
25%
a
t
108:
Indies Sugar
West Penn El
A
300
8%
38
*110 a
.<
.
tWest Penn Pr Co 4%# pfd
{
21%
128 %
*37
36%
;;
240
14%
35%
91%
*127
128 Va
.
36%
420
92
82
*13%
26%
21%
90%
90
89%
*127
'
37%
25%
.
111
*57
92
128%
*127
37
520
1
91%
81%
340
aA4A-;
*8% T&i A
37
21%
J
24
*13%
36
20%
84
•A
$4 conv preferred-
West
23
4
par
par(v"
No par ' \
j 200
4
12 % Jan
No
13,100
I
44/a
4%:
A
Eisenlohr
July
15% Jan
*_1
—No
Wesson Oil & Snowdrift
116'A
*107
32% Apr
±
Webster
116 %
26V2
26%
Wayne Pump Co
'2,000
115% 115%
108
*107
108
May
75
A
14%
27
15%
14%
82
82
14%
v
*73
July 6
15% July 15
-No par
-
2%
V
56
89 y2
par
5
5% Nov
41% Nov
May 29
May 13
No
Apr
Apr
13% Mar
2% Mar 29
79
A——1
!2,300
91
83
.35%
22
84
'IS 600
23."
'
1
Highest
$ per share
31%
No par
Waukesha Motor Co-
f 1,100
36
S
Pictures
Bros
preferred
Fdy & Pipe
Washington Gas Lt Co__
700
v
A23a
15%
22
8%
35%
xl5
115%
26%
21%
15%
50
Warren
23.,
15
%A
227/a
&73/A/. 75
75
■
400
23% ' 23%
24%
%,
22% I
t
115%
107%
26
■6
23
82
90%
AA4 A:
4
*23%
.6%
15
■
4
24
115%
*13%
106 %
26%
.
115%
:
14
14%
106%
,
•115
115% 115 '/a
14%
82
■8Q
50%
83
80
*22%
14%
r*73%
82%
A
22%
14%
6
$3.85
.
par
preferred
Warner
300
:
89%
-27% A 27%
28
24
5%
15%
14%
H
22%
75
•72%
*27
15
22%
*79 A
*91
:
28
$7
800
4/,000
12%
■
No
Class B
1,800
44%
12%
*89 A
22%
22% .23
73%
13%
89%
15
..24
.
12%
*89^
22%
1
15%'
5%
A.
14%
r.
;
24
«
23
*72%
22Va
2
44%
46%
.
13%
<*27%
22%
*45
*1%
8912
89 hi
28
*14%
15
24
24
24
6
23%
•
1
28
23'A
*22%
22%
:
15-15
46%
•12%
12%
-89S3
.
A 28
28
28
22%
32
AA- 46
45%
..45
46% A 46%
;•
1942
per share
50 % Apr
'
1%
1%
i
30
18% May 25
12
—No par
preferred
Year
Lowest
Highest
No par
Dlv redeem
y,-;: 200
9%
9%
A
Range for Previous
Range Since January 1
>
Walworth Oo
1,400
'
,
STOCK
A
11,600
*17%" 18
YORK
EXCHANGE
V
Shares
share
7%
45%
$ per
for
the Week
Aug. 6
$ per share
7%
7%
46 -Ar>
17%
45%
17%
10
7'A
Sales
Friday
-
..*•
Aug. 5
$ per share
S per share
7%
Thursday
Aug. 4
Aug. 8
share
STOCKS
Wednesday
Tuesday •* <;
Monday
•,;> July 31 vvA
!*■%'**» * * +U
THE COMMERCIAL & FINANCIAL CHRONICLE
556 "
Bond Record
New York Stock Exchange
«»
FRIDAY
NOTICE—Prices
the week,
weekly range are shown in a footnote
"Interest Period" indicate in each case
outside of the regular
in the column headed
Interest
Exchange
Week Ended Aug. G
Stock
I).
4s
3%s
3'As
3'As
Trei i-fry
Tree I lry
1
Treasury 3%s
Treasury 3 As—
Treasury 3s
3s
27As
Treasury
Treasury
23As
2%s
2%s
2%s
2%s
2%s
2%s
2%s
2'As
2'/2s
2'As
2'As
2'As
2'As
2'As
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
-
—
—;
—1964-1969
___1967-1972
1951-1953
—1952-1955
1954-1956
1947
._Mar 15 1948-1950
Dec 15 1948-1950
Jun 15 1949-1951
Sept 15 1949-1951
Dec. 15, 1949-1951
March 1950-1952
Sept 1950-1952
1951-1955
-—1953-1955
June 15 1948
2'AS—
Treasury
Treasury 2'As
2'As
2'As
2s
2s
2s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury 2s
Treasury 2s
Treasury 2s
Treasury 2s
Treasury
2s
Treasury
2s
2s
Treasury
Treasury l%s
Corp—
- \ •
1944-1964
•'3s
1944-1949
Home Owners' Loan Corp—
3s series A
1944-1952
Federal
Farm
A-0
Mortgage
M-S
City
York
New
*112.1
;
105.28
:
111.28-
AGuaranteed sink fund
■;'
j-d
*104.6
V
j-d
V
M-S
t'/VV"
107.6
108.15
111.26
—
_
108.21
j-d
106
107.13
103.24
101
r j-d
•
M-S
__
"
j-d
j-d
'
:f
10L5~
104.20
101.10
100.26
;
,
100.14
101.2
100.23
100.9
External
gold
5»As
Rep Cust Ad 5'As
101.12
§A2d
series
sink
5'As
1st
AEstonia
active interest in
an
-
-
.
■
109%
103'A
'
...
(Republic of)
-
''j
.
'
*.
>■
•••/
part
1945
■' v>.
v"-'
.■
■'
•'
paid
A4'As
3'V
44
external
24
2
15%
24
16
18%
18%
«...
21
,*18
—
:*i
24
19%
15%
V 19%
19%
5
19%
19'A
,
j-d
15%
.
23%
10
1958
1972
92
19
(State Mtge Bk) 7s
A-0
J-J
85%
83%
93
93
-78%
79
1958
M-N
1949
1955
1955
J-D
15 V
79
96%
99
98%
--
96%
2
97
—
1941
J-D
41%
44%
36%
f 6%s of
1926
1957
A-0
42
40
42
77
34
1927
1957
A-0
42
40%
42
31
34
1952
J-D
40%
41%;/
18
34%
1957
MS
1958
F-A
Refunding
External
~
3%
s
M-S
1976
F-A
1976
A-0
1975
4%-4s/8s
f 4'A-4%s
M-N
79
"78
111
111
f $ bonds
1984
1960
A-0
1945
10-year
1961
1944
"1
-
83
4
,
87
3s
1967
77
757A
77
24
69 %
76%
77%
15
70
79 T
: 4
71%
A_
..48'A
103%
A6s
assented
footnotes
F-A
see
page
20
j-J
1961
1961
1961
M-S
M-S
560.
19'A
19'A
19'A
100
5
18%
31
F-A
24%
23'A
24%
34
16%
30
"28%
28%
1
20
~3
19%
~2
31%
18
31%
17%
6
38
52%
13
32
48%
34
13
29%
48%
29%
46%
V|.
•
i
8
1956
A-0
31%
*
1962
sec
extl
....1962
of)
extl 7s
-
M-N
M-N
1958
J-D
1958
35%
♦17
12
*92
95
AExternal sink fund 6s
1964
M-N
*87
1979
M-N
1979
M-N
External
External
3%s-4-4%s
($ bonds of
1937)—
readjustment.
conversion
18%
25'A
3%-4%-4 A
26%
4-4%-4%s extl readjustment
3'As extl readjustment
AWarsaw
extl
(City)
A4(As assented
*88
conv
external 7s
1978
J-D
1978
1984
1958
F-A
J-J
F-A
1958
F-A
•
'i'
72
10
20
rnmrnmrn
--
11
19%
__
—
—
7
11%
12 %
11%
1
__
— —
33
62
14
*86
1955
f 5'As
19
12
*
17%
5
18
J-D
82
34
13
68%
F-A
F-A
8
13
26%
18
31
73%
18%
29
68'A
—
(Kingdom)—
external
B
26
26%
J-J
1940
*
Is
*26
M-S
1968
loan
•
M-N
26
25%
17
4
1960
25%
18%
11
1946
18%
25 %
26
27
AExternal sink fund 6s
25%
25%
33%
25
26
38'A
A4'As assented
26%
18%
J-D
33
(Prov
18%
20%
A-0
1968
38
20
19'A
■
1948
Serbs Croats & Slovenes
20%
*20%
19'A
90%
25%
32%
water
20%
*20%
j-j
Sep
Sep
assented
Fnr
1961
1961
Jan
sinking fund 6s
A 6s
is—
Feb
Jan
35%
1
25%
AUruguay (Republic) extl 8s
42
30
•
99%
25%
J-J
104%
22
*45
'
J-J
97%
19%
30
1950
18
22
30
1936
s
104%
20
17
17%
17%
19
14%
A-0
loan
extl
19
:v
12%
25%
99%
gold
extl dollar loan
«
20%
1-
1921
5 A Secured
*20%
*24
*
M-N
17%
15
24
14'A
+.
Vw*-'-
3
17
1957
Sydney (City)
19'A
■
23
14
f
105%
A-0
f.''
23
"•
14%
8s
100%
F-A
17
__
1953
(State)
6
1961
*14
F-A
external
105%
i960
:
V
-
M-N
105
Feb
*14
,
(State of)—
A7s
14
16
♦16
,
7%s—1952
1947
8s
1946
(City of)
A 6s
19'A
15
•*21%
24%
23%
8
J-J
A Extl
J-J
23%
80%
1958
t 6s
1966
13
";
J-D
43
80
15
s
J-J
17%
V
1961
•16%
•
M-N
Jan
assented
1950
1963
12%
'
J-J
90
M-S
3s
A6s
A-O
17%
1952
secured
ARy external
1968
16%
1964
series
sinking fund 6s
A-0
13%
A-O
1947
18
sink fund 4s
A 7s
A Extl
A-0
A6'As extl secured
26
28
18%
17%
1958
8s
14%
18
17'A
V
1940
fund gold
23%
•22%
18%
J-D
1007A
26%
104
*104% 106
mmmm
A-0
107%
.
104
M-S
1961
101'A
19'A
90
1960
9931
*21
84
73
(City of Brazil) 8s
A 8s
19%
70
83%
5
A Silesia
M-N
73
83%
83%
27
105%
A-0
72%
83%
26'A
103%
1942
♦81%
J-D
104'A
I960
79%
V
M-N
97%
assented
86
72
*
1967
101 %
A 7s
71
81
1966
municipal
101 %
AExternal sinking fund 6s_.
A6s assented
89
M-N
ser
9931
20%
91%
80%
J-D
ser
101%
4
96%
77%
89
*79
f 6s 2d
1
21
85%
91%
M-N
1967
(City of) 8s
IASan Paulo
25
93%
101%
96%
*86
f 6s 1st
1
21
100%
'
M-S
13
♦18
100%
101
.
1963
external loan of 1926
6
M-N
93
82%'
26
15
j-j
F-A
M-S V
s
82%
93%
91%
J-D
1959
s
97
89
1947
extl loan of
12
1954
91
1994
to
6'As
105%
1942
32%
^ 84
96%
7s
de Janeiro
105
1
-
"
91%
external 7s
sink
103% 103'A
f 7s
•
*100
'
A 8s
«
89%
84
;;i.
100
;! A-O
f 5s ser A.1963
A4'As assented
J-J
s
s
ext
(State of)
(Rep of)
J-J
External
extl
3'As
1948
(City) 8s
J
(Rep)
1953
(Rep)
1955
Stamped assented 5s
15
AChile
18%
A-O
1970
f 5s
V".
15
A Carlsbad
s
sink fund 4%s
99 31
103% 104'A
2
M-S
\
1963
sink fund extl loan
Jan
M-N
27%
V
27%
*84
F-A
1965
Jan
1968
32%
92%
1956
2'As
3s
18%
18%
*93%
4V4s
99 31
104
14
7
F-A
4'As
106% 107%
99 31
105
A-O
fund
ASao Paulo
ill'A
16%
18%
F-A
fund
Santa Fe external
60%
107%
17%
12%
'
27%
1958
1957
.
sink
A7s
9
11%
17%
1943
5s
sink
sec
"
27
1944
f
6s
(City)
J
(State)—
f 5s
s
3s
30-year
I
Wales
s
12%
13%
18
•90
South
9
12%
J-J
*
27'A
A 7s
79
99 31
142
J-D
M-N
A 8s
77%
6
11
16%
M-S
series
45
10'A
15'A
■
,
12%
18
17%
16%
M-S
AExtl
77
77%
J-J
-v
*17%
/
1952
1959
Rio Grande do Sul
77%
60
y 82%
91%
146
...
—
_.
1959
A Rio
95
68%
111'A
23%
3 \
1958
7s
AExternal loan 7'As
96%
52
*55
20%
15%
y
6
5
f 6'As
APrague (City of Greater)
Queensland (State) extl 6s
95'A
92'A
/ /; ■'
L_
V3
21
10%
•
-94
77'A
j-j
30-year
,
"
75'A
j-j
2Vis
7-year
•
V;
10%
f 6%S
A4'As assented
-51%
77'A
F-A
3'As
s
(Dora
25-year
*95
j-j
of) 30-yr 4s
2'As
external
Canada
1977
94
96%
96%
M-S
—
70
97
11
M-N
s
A 6s external sink fund
f 4%-4%s
s
87
*94%
1961
f 4%-4%s
External readj
62
"
j-D
62%
•-V
2
s
(City)
AExternal
51%
1950
85
85
'■
90
external
APorto Alegre
50%
f 6'As of
...
'
89
27%
;
99%
s
94
23 7A
24
(State)—
AStabillzation loan 8 f 7s
100
s
A
15%
12
68%
1943
lAPoland (Rep of) gold 6s
A4'As assented
100
AExternal
'
20
20
11
ANat Loan extl
91
AExternal
V
'
-
J-D
167/a
ANat loan extl
53
44%
7
J-D
J-J
A Peru
'
120
*98
■
A-O
*18%
'
♦94%
J-D
APernambuco
94
108
*98
j-J
f 7s
i*
65
*55
M-N
1954
A
94
83%
8
89%
89
M-S
,
'
1954
assented
(US) extl 5s of 1899 £
Stamp mod
85%
82
93'A
f 6s
s
100
97
5
80
1954
stamped
A Panama
85%
37
93%
93 %
s
External
99
mm
Irrigation—
„V'
93%
23
85%
93%
M-S
(City) s f 5s
Sinking fund gold 5s__
Sinking fund gold 6s
Buenos Aires (Province of)—
A 68 stamped
mm
/
2
22%
78'A
A-O
V
1957
6'As
4s readjusted
Municipal Bank extl
101%
84%
:
31
85%
83%
85%
F-A
22%
1945
1933
4s
58
96%
17
92'A
92
1957
1972
Brisbane
31
r]
mm
—
23%
...
1960
Ext sec ref 3'As series Bi.
5s of '25-1955
(Central Ry)
mm
A-0
Q-J
23%
42%
—
100% 101
100%
M-N
M-N
s
A 7s
87
87
95-
89%
23
Q-J
Oslo
23%
16
72
external 8s
i
—
,
1945
24
:i-
21
External
(U S of)
.
1960
External
54%
15%
20%
External
JABrazil
~mm
18%
—
*99
External
46
*50
6"As
j
72
v.;
42%
*60
J-D
External
'
Belgium
*27
M-S
f 5s
s
Norway external 6s__
55
3
19%
18%
*19
External g 4'As of 1928
J-J
extl 6'As
(Colombia)
AMontevideo
1-1693
/v- VVV
'
1
*19
1927
87
86%
«...
72
93
.1945
A 6s
A-0
loan 4s Apr
of
69%
i
'>"•:
90
ASec external
Teletype
oNY
"
5s
65
A-O
1952
AAssenting 5s of 1899
ASec
A-0
1971
conv
69
42%
72
;;W'—■
•85%
74
45
.
90
*87
96%
47%
15
A-0
.
.
1968
(City)
Mlnas Geraes
1957
(Commonw'lth)
,
90
AAssenting 4s of 1910
f 7s 3rd series—1957
S
f extl
52
61%
»
AAssenting 4s of 1904
A-0
1948
External
54
30%
1
.
2
A-O
f 6s series A
s
(Prov)
AMexico
.
(National Government)—
S
V 38'A
•
52
67%
1964
(Republic)
Mexican
1957
S f external 4'As
Australia
135
■»
■
-
*52
J-J
loan 4s Feb
106 7A
.21
1945
paid
part
AJugoslavia
i
■
*62
'mmmm
:-/> J-J
J-J
conv
I
*87
M-S
1949
A7s
Mendo'za
:
*52
M-S
J-J
1945
f exti
107
58
M-S
1967
unstamped
104%
71%
1949
7s
extl 6s___
72%
I
61%
61%
103
51
.
y
70
A-0
V
:
"
-
■
A-0
1945
S
101 %
102%
'
v
NeW?York
Broadway,
1945
loan 4 As
60
100%
135
1969
(Republic)
A6s
f 7s series C
conv
40
Creek Government-—/
40
107'A 108%
J-D
f 7s Beries B
f
9Q
1969
1961
series
*101.11101.13-
s
external 5s
1Q
67%
A-O
1940
French Republic 7s stamped
F-A
(City)
15
52
71%
F-A
>
1940
5%s
5'As 2d series
102.28
External
AAntwerp
22
*52%
A-O
1942
1926.:
fund
95%
J-J
1962
§ A 1st series 5'As of
External
Argentine
.
1955
Finland
s
f 7s 2d series
58
i.
A-O
100.10
A External
s
39
135
5 %s
102.27
AExternal
sec
5
J-D
wks
100.10
1968
sec s
38
52
1945
A Public
102.2
1948
AExternal
38
r
95%'
*101.25 101.26
1947
AExternal
V
9
95%
jADominican
(Colombia)—
series
37
\
30%
56
105% 105%
Municipal
1st
48%
30%
J-J
New
f 7s
64
64
*
37
.
J-D
7s
-
s
38%
*36%
1953
M-N
120
AExternal
38%
*36%
1977
Customs Admin 5'As 2d series
Members New York Stock Ekchangs
7s series D
*36'A
M-N
F-A
debt
102.7
REctor
f
A-O
external
*101.28 101.30
th Telephone
s
52
v;-<'
$ATreasury 6s of 1913 assent
AExternal
38%
102%
*
AGtd sink fund 6s
(King of Norway) 4s
AAntioquia (Dept) coll 7s A
52
46
'100 A 102
External gold 4'As
Wertheim & Co.
Akershus
62%
'102 %
Foreign Securities
..
62%
'45%
F-A
;
•:>.
23
23%
62%
J-J
M-S
100.29
/>'*.*'•
24%
22%
-v
18
F-A
103.16
^
sink fund 6s
> 16
25
1949
100.12
;;
AGtd
17%
62%
A-0
.
1944
103.16
■
Agricultural Mtge Bank
'17'A ' 24%
38
1949
>»r
and other
&
17%
(Rep of) 8s ser A. 1951
ASinking fund 8s series B
1952
SADenmark 20-year extl 6s
1942
South American 3
Govt.
.*22%
1
4 'As
100.30
100.9
24%
'
28
17
loan
AMedellln
Foreign
J-D
(Republic of) 5s of 1904
External 5s of 1914 series A
M-N
We maintain
2-2300
V
A Czechoslovakia
100.23
24%'
.24%.
17%
20
.
101.1
I
>
16
1946
7s
*101.19 101.21
1980
,
18%
M-N
Irish Free State extl
;
,
17
20 f
18%; 237A
M-N
1951
RicaMRep of)
Helslngfors
'
*
18%
52
Haiti
,
18%
M-S
1961
Sinking fund 5'As
100.23
100.15
,
Corporate Stock
'
1961
bonds
Jh-S
j-d
17%
17%
A-O
M-N
.
100.28
101.5
101.9
10
' / M-N
>■
External
104.20
101.9
V,
1953
4'As
105.10
:■
19%'
:
54
10L14
;
17%/ 24%
M-S
Oct
$
Cuba
107.2
102.7
17%
-
__
J-D
104.11
'/*105.8
__
4
A-O
•* '
Jan
1
s
25-year gold 4'As
102.13
*100.16 100.18
__
'
' v'
25
1
1952
107.8
*100.24 100.26
*100.18 100.20
__
19%
18
V
1947
105.7
101.25
*101
__
V
M-S
19%
8
19%
.1947
ACosta
*101.8
/
>_
V
Mtge Bank 6»As__
101.4
*101.3
__
',/
M-S
18
ASinking fund 7s of 1926
ASinking fund 7s of 1927..
Copenhagen (City) 5s
100.15
104.20 104.20
j-j
19%
17%.
19%
.
A-O
100.22
106.23
*102.5
„
;
.
1970
100.21
*104.9
M-S
25%
■7V/V^;/v
1928
AColombla
;
'
102.7
j-D
19%
19%
'VV_^.
1951
,
•
*107
v
j-d.
18%
(Republic of)—•
external
100.6
*106.23 106.25
j-d
19%
i960
(Hukuang Ry) 5s
of
104.30
M-S
-*102.5
25%
26
15
19
,
i960
assented—
100.3
2
„
,'v
J-D
1962
A6s of 1927
3s
104.20
104 1
-
100.10
100.27 100.27
V
1961
...
assented
AChinese
V
104
20
'
A 7s
107.6
106.20
J-d
j-D
26
18%
20%
J-D
1961
1962
A6s
*100.12 100.14
100.8
100.11
j-d
"
1961
Colombia
104.9
*100.26 100.28
__
High
20%
v
22
112.20
—
*104.7
__
Low
*
A Chilean Cons Munic 7s
111.24
108.26
—
104.15 104.15
1
19%
VV' J-D
6s
A 6s
109.11
•
*117.21 117.23
__
__
21
19
J-D
1957
A 6%s assented
107.10
108.10
w—.
107.3
M-S
MS
January 1
No.
v ■■■■: 4
20%
1961
AGuaranteed sink fund 6s
.
107.7
*107.1
__
Range Since
Sold
High
a-0
M-N
.1957
6%s
A 6s assented
104.26
104.8
*107.5
—
Low
M-N
1963 V
A6'As assented...
112.23
104.5
<
112.2
*112
-
M-S
109.9
104.8
*111.25 111.27
„
j-d
112.3
*111.26 111.28
;
__
/ j-d.
V.
106
■0]
*109.29 109.31
>
M-S
'
~
*107.13 107.15
__
j-d '
j-d
ASinking fund
110.6
*104.6
__
'
>
.;
110.20
*111.30 112
—
■'•
M-S
j-j
AChile Mortgage Bank 6%s
106.30
V
Transit Unification Issue—
3%
v;
MS
,
103.3
106.6
r-
*105.31 106.1
M-S
■
101.28
6
Bonds
Friday's
A-0
;
4.1963 V
assented
or
•
1
1962
sinking fund 6s
s
'■
1962
ioi.3i
111.4
*111.2
__
y,/
I
Week's Range
Last
.
Sale Price Bid & Asked
Period
sinking fund 6s
110.13
;
106.11
*106.9
Interest
assented
a 6s
;
Friday
Exchange
Aug. 6
(Continued)— ■•//V'/:/;:;
External
a 6s
Stock
Ended
100.21
101.28 101.29
,
'
j-d
,
106.3
"
__
__
j-d/
'
n
(Rep)
AExternal
*100.20 100.21
j-d
•
Chile
114.1
104.20
-Viv-r
Week
High
'
113.6
*107.16 107.18
A-O.
.
,
1945-1947
M
series
'
Low
113.10
*113.8
*104.17 104.19
__
a-0
3 Vis
IV28
'
MS
1948-1951
1951-1954
1956-1959
—1958-1963
1960-1965
1945
*948
1949-1953
1950-1952
1952-1954
___1956-1958
—1962-1967
'--1963-1968
c
j-d
-
January 1
No.
:
y
'
BONDS
New York
Range Since
Sold
High
•"
Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of
in the week in which they occur. No account is taken of such sales in computing the range for the year.
the month when the bonds mature.
V
Bonds
Friday's
Low
1947-1952
1944-1954
1946-1950
,___1943-1945
—1944-1946
1946-1949
—1949-1952
1946-1948
1951-1955
—1955-1960
1945-1947
Treasury 4'As
Treasury
or
<
Sale Price Bid & Asked
Government
S.
Treasury
Last
»
•
Period
YEARLY
■
Week's Range
Friday
BONDS
York
New
WEEKLY
-
defaulted bonds.
interest"—except for income and
"and
are
and when
The italic letters
Monday, August 9, 1943
13%
85
94%
84
78
87
88
85%
88
68%
69
04
72%
64%
64%
5
61%
67%
64%
64%
3
60
71
71
7
66
72
52%
68
*51
13
*__
64%
13
13%
1
—
68
12
13
10%
137A
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4201
158
557
NEW YORK BOND RECORD
'•J'
:■
BONDS
New York
Stork
'
-.
Aug. 6
"
Last
Interest
Period
.
h ft-
Week's Range
or Friday's
Friday
■:.-;l..v
Exchange
Ended
Week
'
-
gale Price Bid & Asked
Low
Railroad and
Industrial
BONDS
Bonds
High
New York
Range Since
,
Sold
Week
January 1
Vo.
Low
§A5s
series
A
AStamped
tSACarolina Central 1st gtd 4s
Carolina
//ft'ft
1947
J-D
102 %
_1946
,*_■,
F-A
_ftft
Express coll tr gold 4s_____1948
Coll trust 4s of 1907
10-year deb 4*43 stamped...
Ala
Southern
Gt
1st
4s
cons
1st mtge
Alabama
1st
series
3V4s
^
A
...-
ft.„:
1943
Albany Perfor Wrap Pap 6s
6s
with
Albany & Susquehanna RR 3'4s_3*/as
10
71*4
Cart
Adir
&
106
ACent
102
102
101*4
104%
§ AConsol gold 5s
110
ARef &
gen
5yas series B
A-O
70
gen
5s series C
1949
*66%
'•
'
100
;
62
6714/ 6714:
100
J-D
72
3
100
A 1st
93*4
;
5s
1950
income
;
4-0
1950
modified
A5s
A-O
Alleghany & West 1st gtd 4s__
1998
Allied
1951
Stores
Corp 4'As debs:
Allis-Chalmers Mfg conv 4s
Am &
Foreign
Amer I
9714
70
1949
.x
'
M-S
Af-3
99 '
.
88
42
60*4
10614
9014
90*4
b2
19
Am Internat
105%
146
78%
11
103*4
104
13
91-
314s
3s
debentures
Tobacco
Am Wat
J-D
1956
3s_
M-S
104%
-
& Co
(Del) 4s B____.
Atchison
series
4s
C
General 4s
Conv
4s of
Conv
gold 4s of
1st
,1st 30-year
&
1st
4V2S
J-D
1944
Atl Gulf
I SS coll
& W
Atlantic
114%
30%
57*4
39
68*4
90
3T
36%
38%
121
23%
50
A-O
14%
13*4
14%
133
6%
A-O
/
V 14%
13%
14%
181
6%
50
50
5
35
53
♦—
32
*•-
20
37%
J-D
J-J
A-O
J-J
82%
1987
J-J
2aV2
112% 112%
82*4
19%
19%
3%s.__^
18*4
40%
38%
71
85*4
26
28
81
16%
25
25%
25
16 Va
26%
27%
'32
107% 107%
10
36
20
34
"
1962
A-O
107%
p-A
ft 98 ft
A-O
97%
92
P-A
66
%"
68
'
5%s
112%
157
25
J-J
1942
Af-N
A...
1948
Af-S
:
Prod
110%
43
3i> va
+li.^.^..1987
Power
3
84%
26'A
1987
1992
*
83
98%
16
71%
92%
146
55*4
71%
92%
67
68
111
107%
1UJ
98va
-
65%
70
\
101%
68
12
101%
100
M-S
1996
M-N
impt M 3'4s series E
1996
P-A
1st 4s
Br
Div
A
1st
1946
27
72*4
101%
'ft 92%
J-J
....^1989
J-J
134*4 134%
-
7
106*4 107*4
106%
v-i
13
107
_.
130*4
134%
102%
108%
108%
121
115%
115%
15%
31%
92%
100%
93%
100%
96%
103
97 */4
7
102
1187/a
107%
101%
v
J-J
^1989
gold 4s
cons
2d consol gold 4s
M-S
M-N
J-J
A-O
'I'ftl
>120;-" II
'
120
*118
ft
22'A
21%
23'A
649
110%
105
111
104
104
111%
114%
110%
112%
109%
no
24
"l
38
100
ft 100'A
*
101
/
100%
J-J
/ 102
.ft
99%
18
101%
1949
1958
Af-S
98%
98%
98%
124
81
1977
F-A
80-/4
80
81-/4
110
65
84*4
1971
F-A
90'A
89%
90*4
65
73%
92%
41
&
93%
63
A
series
73%.
99 Va
Eastern 111 RR—
&
...1997
Af-N
42%
152
32
47%
124% 124%
3
118
124%
75%
36
66
47
31
38%
48*4
44*4
18
31%
51%
25
31%
50
29
29%
47%
101
6%
42
J-J
1982
124%
104*4
67%
5s
A Gen mtge inc
(conv)
Chicago & Erie 1st gold 5s
103%'
102%
4s
ref
Chicago
102*4
87
69%
121
82
84
79
40
40%
30
35*4
36
74*4
7
AGen
40
J-J
*103% 104
100*4
104
J-J
75
2038
J-J
45%
45%
ref 6s A..1947
J-J
42%
v ; 42*4
1947
J-J
41%
40
43%
1947
J-J
38*4
41
Af-N
J-J
J-J
10ft
11
4'4s
-j.
,'ARefunding gold 5s series B
ARefunding 4s series C
A 1st
106%
&
gen
5s series A
A 1st
104 *4
♦106%
inc mtge
J A Chic Ind & Louisville
45%
29 >4
Chicago Gt West 1st 4s series A—1988
88
32%
6
M-S
.1953
J-J
ft'
.1949
1st
4
92*4
.40
1949
a
1st & ref 4'4s series B
23
67%
;
1
4s
registered
General
103%
90%
82
4s
Division
*99
;..._..1949
registered
Illinois
107%
;
.68
3'4s
>■*
95%
v.
J-J
1959
107
111
103
*
91%
J-D
Illinois division 3yas
120*4
102% 102%
,1
1948
tr 5s
96%
105*4
114% 114*4
103
1948
Refining deb 3s
111%
1
38
111
*1U9
1952
Oct
76
♦102*4 108
J-J
,
119%
111
ft J-J
..1944
July 1952
4s
26
82
M-N
{AChicago & Alton RR ref 3s____,:1949
107*4
110 SI
:
111
1964
gold 4s
mortgage
103%
M-3
1940
4s
52
1987
'
103%: 106%
♦110*4 111
1962
A
Y
Potts Creek
R &
'
18
107
107
106% 107
;
10614
J-J
gold 5s„
102%
81%ftft 80
impt mtge 3'4s D
&
Ref &
71
102
53
119
fti ft
1958
Atlantic & Danville Ry 1st 4s
Second
M-N
119%
*
J-D
1st 4s
cons
unified
coll
N
Nov
1960
5s series B
Coast
General
A-O
J-D
L 1st 4'As A
Atl & Charl A
Ref
74
61
102
105*4 10614
J-D
4'As A__.
1st
51*4
9
50%
60%
105'4
98
Chicago Burlington & Quincy RR—
.1955
;
1910
ref
&
12
106 % 106 */4
'
1955
Short L
Atl Knox & Nor
L
105*4
1995
1905
Trans-Con
Atlantic
Af-S
1995
gold 4s of 1909
65*4
V
*101%
ft, J-J
1995
.,
Conv
Cal-Ariz
,
71
98*4' 106%-
ftftft'
Topeka & Santa Fe—
Adjustment gold 4s
Stamped 4s
70
' P-A
1955
7
50*4
',
1961
golc^ 5s
Chesapeake & Ohio Ry—
General gold 4%s
117*4
105 '
>11
'105% 106
2
102'4
110*4
107
100%
40
101 A 101ft
110*4-
107*4
234
7
Q-J
(Dei) .1957
107%
28
110*4
112% 115
,104 '4 1043/4
65*4
Jan
1995
25
'
l/l-N
1967
,
Ark & Memphis Ry Bdge & Term 5s 1964
..'1st sink fund
110
114
A-O
AAnglo-Chilean Nitrate deb
1st gold 4s
Ann Arbor
109% 110
110*4
1966
deb
Co
Wks & Elec 6s series A__^1975
Armour
109%
A-O
6
1966
1st gtd 4s
5s stamped
^..1962
debentures..,
conv
Amer
N
Certain-teed
1961
debentures
104% 105%
57*4
P-A
5
„
American Telephone & Telegraph Co.—
314s
106 Va
48
'
Pacific 1st ref gtd gold 4s_1949
Through Short L 1st gtd 4s
..1954
Guaranteed gold 5s
,
:__1900
Central RR & Banking—
107
105% 107
110*4
101
3
106
J-D
Central
106-
„
Light 3yas_...
Eng
registered
Central
110'
r
90%
J-J
1949
Corp conv 5'As
107%
1
.
..1959
registered
General; 4s
4s
>
106
'
89%
105
59%
1945
; 5s
A
by Va'
102
105% 106*4
;
New
JACentral of N J gen
93*4
53%
'
106
1948
i.__Nov
Illinois
'
123
.ft .104*4 ft. .104'/a 105%
Af-N
:
8914
/; *67
69
ft; *104% 105%
P-A
...2030
5'As
conv
8614
7
•
179
97%
8614
8614
8614
A-O
ft
1952
deb 5s__
Pow
G Chem
ftft
9614
7
106
High
62
of Georgia Ry—
fACent
modified
5s
8
99
'
v ;
Low
7
110*4
J-D
1947
w
gold 4s
mtge 5s
Central
ft".
Alleghany Corp—
1st
P
s
AChatt Div pur money gold 4s__1951
A Mobile Div 1st
gold 5s.
1946
ft ft 69%
'94% 100%
62
10
U
No.
J-J
1959
ARef &
Branch
Range Since
January 1
Sold
110
F-A
1945
108
104*4
19H2
Bonds
High
100*4 100%
M-N
..1981
103*4
__
Friday's
or
M-S
1950
gtd gold 4s
102'102%
104% 104%
A-O
A-O
Corp 5s w w
1st
Celanese
Corp 3'4s debs
Celotex Corp deb 4'4s w
*109%
Week's Range
Last
Sale Price Bid & Asked
J-J
.j.1965
10314 10314
.
A-O
1949
Ohio 4s
&
Carriers & Gen
7674
102
JCentral
1946
registered
64*4
48*4
67
6414
II -."ft *11 ft101147
J-J
1946
Clinch
102% 102V4
M-N
assented.____.1948
warrants
6414
*103% 103%
J-D
;
—1967
1972
1948
3'As
mtge
r_.
J-D
1943
5s
A
cons
B
ser
1st
Power
*6514
J-D
J-D
Af-S
,..1953
-1953
unstamped
Interest
Period
Low
Companies
...
Friday
Exchange
Aug. 6
High
fAbitibi Power & Paper—
Adams
Stock
Ended
&
gen
6s series B_.
1966
May 1966
Chicago Ind & Sou 50-year 4s
1956
74*4
.
76
15%
10%
11
25
6%
15%
9* 74
51%
21
66%
92*4
57*4
43%
67%
^Chicago Milwaukee & St Paul—
May 1 1989
J-J
57%
J-J
J-J
*—
59%
59%
259
gold 3'4s series B__May 1 1989
4*4s series C
May 1 1989
AGen 4'4s series E
.-..May 1 1989
40%
64
60%
60
61 Va
313
44%
69%
J-J
60'A
60%
61*4
154
45
69*4
AGen
J-J
61'/a
61
62'A
89
45'A
69%
F-A
A-O
36%
35*4
38%
1,793
■" 18%
44%
12%
12%
13%
2,153
4%
16'A
AGen
B
4s
A
series
AGen
AGen
Baltimore &
1st
Ohio
1
RR—
mtge gold 4s
July 1948
A-O
Stamped modified bonds—
'-.1st mtge gold
(int at 4% to
Oct 1 1946) due—1—July 1948
'
1
Ref & gen
"ft""
due..
1946)
1
Dec
(lnt at \%
ser A
-/Ref & gen
.
160
70%
59%
75%
'
,
ft: A-O
72%
71*4
37%
39%
41%
92
73%
"38*4\v
J-D
44
60*4
•
77%
32^
;378 7
1995
*
& gen
A Conv
Af-S
& Aroostook RR—v /
F< v
'
4s
Beneficial Indus Loan
2%s
debentures.
debs.
mtge 3%s series P
Consol
yi ;A.
.
.*
•,
AGeneral ,4s
*
•t
4s
52*4
3s series G
Consol
mtge
Consol
mtge 3%s
registered
28*4
28%
30
63%
65 Va
J-J
■■'H*
52%
54%
53%
54%
105
V 32%
-
>
,507
*■
J-J
.
;
54%
ft.
AGen
24% 1 37%
'/■.. ,;v
1541
.•
52 %:
;
\J'
*'•
■
51 %' 70-
52% /'
series H
V
1
-jS,-' i)V.'i
A 1st
&
ref
gold 5s
A 1st
&
ref
4'4s
:
A 1st
&
61%
46 '
V-
•/
.
f
•.
ref
M
1st
67%
J-J
J-J
J-D
67%
■67'4
19/
68%
68
59%
9/
;
*45%
*96%
A-O
131%, 132
100
100%
100% 100*4
105
ft:.?"
104'A
132 y4
,'99%
100%
"98 Va
100*4
22
,
t.
5s series II
4%s series JJ
.-..1961
1st mtge 4s series RR
1960
Alnc mtge 4'4s ser A
July 1970
t A Boston & N Y Air L 1st 4s
1955
-
90%
103% 105'A,
*89%
84%
>
105%:
102%:
6
102%
105%
40
:______1950
1957
1981
Buffalo Niag Elec 3'4s series C—1967
Buffalo Rochester & Pgh Ry—
-
102%
103
20
92%
78
92%
modified
(interest
95
100'A*
80
-
91
3yas
u
212
56%
58
71'A
56%
72%
33%
35*4
"
72
,1'
64
42%
44% >
:
42%
42'4
43'A
•v
42*4
43 */a-
12%
12%
13%
1,138
55%
50
39%
:,,24
42*4-
34
-
>•
-
85%
94
73%
39%
50
23%
64%
59*4
,78
48%
22%
49%
23 ft
f
49'ft
;.4i
15
23%
46
108%
110%
Childs Co
105
104*A
94%
11
11
111
111
83*4
99
96
110*4
-
104%,
110%
115%
109*
2
•
Cincinnati
1st
A-O
:
111
157
43%
35%
—.
.
^
'
32*4
9%
9%
903
-
10'A
,: 158
53.
57*4
,,
40
13%
70
90%
67
67'4
53
58 '/a
34%
4 Va-
12
*72
♦71
60*4.
19
20%
458
■i
90'A
90
90
-
30%
34%
75
53%
68
/
71%
ft
56
,62 %
16
109%
J-J
M-S
103%
v
52
i 109% 109%
1952
1962
■ft-.Ref
Cin
St
56
11%
23%
17% .17%
10
11
-
A-O
A-O
v
103 7/a 103%
49
71
74
62
107%
,
49
110%
100
4
2
103'4 104'A
104% 105*4
104%
104%
94%
105%
58
97
105%
ft 93
Elec
&
Chic
Ry—
41
97
38
65
Wab
Div
4 M
L Div
J-J
J-J
coll tr gold 4s
1st
i"
1990
110
1970
J-J
28%
15
ft
20
84%
111%
111V4
108%
112%
71
.
89%
85%
90%
46%
35
857/a'
110%
109%
110
♦91
...
61
55%
311
54*4
54%
•10
46
80*4
55
81
•7
65
ft: 53%
54% ft'
55%
108*4
110%
—
*112%
M-N
3s
v
14 '
109% 110%
♦111%
J-D
J-D
1991
1st 4s..-,
102
"
51
,,
wl977
& impt 4'4s series E^
65.,/*,
ft; 51 ft
J-D
A7-N
F-A
..1993
...1993
gold 4s
97
59
64
F-A
3'As—_—1966
St Louis
&
88
95
Af-N
1943
—1957
5s—
Gas
General
50%
16% '18
16%
M-S
»,
1967
Cin Union Term 1st gtd 3'4 s D—1971
i. 1st mtge gtd
3%s series E
1969
fBurlington Cedar Rap & Nor.1934
-
33%.
59
ft- General 5s series B
40%
33
J-D
mtge 3*/as
Cleve Cin
at
42%
46%
*
...
—
deb 5s
Debenture
j
106%
103% 104%
Af-N
545
;
35
J-J
J-J
t A Choctaw Ok & Gulf cons 5s___._1952
y8'
103%
1
Af-N
1957
19 'ft
51%
1963
1963
1st & ref 4'/iS series D
;
111
9
J-D
.
58
16
49%.
28'4,
29
J-D
v
of deposit
Chic & West Indiana com 4s
86%.
96
106*4 106*4
94
Dec 1 1960
guaranteed 5s
56
55
-
J-D
1951
1st 5s—1960
& Southeastern
/1st mtge 3*/8s ,series P
,
>
42
F-A
B
Gen Elec 4'4s B—
Stamped
59%
63
-42%
Af-N
J-D
I960
1951
1951
Chicago Union Station—
ft 1st mtge 3%s series E
92%
104% 104%
J-D
gold 5s
-
*110
Af-N
■
59
33%
34
J-D
J-D
M-N
ft A-O
/ M-S
—.1952
Memphis Div 1st gold 4s
Chic T H
♦100%
-
1st lien & ref 5s series
.
39
54
—
gold 4'4s
Income
48 *A
84%
47
47
F-A
Af-N
6s series A„_._~ 1947
Debenture
32
56
57%
*48 ft ...49
...1934
gold 4s
§ ASecured 4*4s series A
Gold
103%
♦100%
Af-N
—1966 ft
—1950 ft
Bklyn Union Gas 1st cons gold 5s_1945 •
Buffalo
ft
60
55%
F-A
deposit.....
A Certificates- of
AConv
100%
103%
92
M-S
M-N
A-O
J-J
M-N
ft P-A
Bklyn Edison cons M 3%s
Bklyn Union El 1st gold 5S
ref
60
61
J-J
—
1927
Chicago St L & New Orleans 5s
7
104*4 104%
J-D
-
1967
1955
1st gold
lien &
32%
30%
33%
stpd
5s
part paid
/ft § ARefunding
12
•
25%
1st
Railways
t A Chic R I & Pac Ry gen 4s—...1988
128%
18"
105% 105%
101% 102
104%
96%
101%
5
100'A
105
75 : J
4
■
t5AChicago
45%
13
•
100%
105%
.
82%
101% 102
132
A-O
v J-D
A-O
A-O
J-J
F-A
60 ;
'
75
45%;
99
102
J-J
-
67%
'
1st
1949
AConv 4%s series A.
15
129
J-D
.
/..May 1 2037/d
C
54%
56
56%
55%
M-N
M-N
Af-N
..May 1 2037, ft
May 1 203T *"
stpd
4'4s
55%
M-N
1987
6%s
,,
55
,
M-N
M-N
1987 v
1930jft
stpd Fed Inc tax
ft<
136' -'ri '; 40% .'S 621
6i'V f-
5s
§ ASecured
\
1987
A4Vis stamped
ft
,
A Certificates
.—1944
Big Sandy 1st mtge 4s
Boston & Maine 1st 5s A C
1987
1987
Fed Inc tax
AGen 4%s stpd Fed inc tax.
p
5^
M-N
1987
>
ft 'ft'
54%
M-N
M-N
.
_
•'/
iVoftft, .ft.
f
57
v
32%
>
...1950
1956
—1952 1959
..I960
1965 .ft.
...
Beth Steel 3'4s conv
39%
// 64%
F-A
1960
;
'
2%s
•
;
Pa 5s series B__._—1948
ref 5s series C
1st &
37%
38*4
M-N
...1951 ft
stamped...
r—~
.1951
Creek & Sturgis 1st gtd 3s__1989
ft,.;
Creek extl 1st gold 3'4s
1951
Bell Telep of
% 35%>
:
•
'
/
Af-S
:
ref 4s
Beech
'•
125
39%
*
1959
Toledo Cin Div ref 4a A—
Battle
38% ft 37*4
ft-ft
gold 4s extended to
11951
ft S'west Div 1st M (int at 3%%
»
to Jan 1 1947) due.^..^—.1950
Bangor
..ft
-
Ref
Con
151
V
AStpd 4s n
Feb 1 1960
due.
>-Pgh LE & W Va System—
-
^Chicago & North Western Ry—
' ;
AGeneral gold 3yaS
1987
3(4s registered
;—1987
ser
'
•
42%
•.
Sep 1 1946)
7,
J-D
& gen ser D
Ref
■
due.
1946)
May 1 1989
•
(int at 1% to ;
due
2000
P (int at 1% to
.1990
Sep 1 1946) due
*/
.
1
Dec
to
Ref
P
series
AMtge gold 5s series A
1975 >' AConv adjustment 5s._-_.Jan 1 2000 ft
'
.
4%s
tChic Milw St Paul & Pac RR—
...1995
;
68%
(int at 1V&% ft
C
ser
to
70 %
"
M-N
F-A
58*4
83%
22'A
Cleveland
Elec Ilium
Cleveland
&
108% 103
108%
;
106%
6
109*4
'
1952
-
A-O
ft.-1
.1955
J-J
v;:
.1960
A-O
ft '
.
•
87
87
71
**72
82% « 83 */8
.
4
•'
81
88%
Pittsburgh
58
74
Series
C
3'4s
gtd
1948
8
77
88
Series
D
3'4s
gtd
..1950
Gen
4'4s
ref
&
Cleve Short Line
Cleve
Union
series
1st
gtd
Term
Southern
Canadian
cons
National
4s
1962
Guaranteed
gold
5s
Guaranteed
gold
5s
1957
118%
4
93
4
118% 118%
7
108%
79
111%
109%
96
J-J
108% 108%
4
107*4
109
1969
A-O
118% 118%
3
113*4
118:, 118
3
113%
118*4
1955
119% 119*4
6
113%
»
J-D
119*4
5s series B
f
4*/as series C
Colo Fuel &
A Certificates
Columbia
G
4'4s_^_
1956
F-A
117% 117%
6
111%
117%
Columbus
& H
gold
4'/as
1951
M-S
113% 113%
15
110%
113%
Columbus
&
Can
Pac
Coll
5s
Ry 4%
trust
4'4s
trust
Collateral
Fnr
gold
trust
footnotes
J-J
1948
equipment trust ctfsi
Coll
J-J
5s_.
1944
...
4'4s__:
see
page
.1954
I960
560.
,
.
.
113% 113%
87
86%
100
M-S
J-J
18
104%
104
J-J
100'A
100
113%
87%
68
71%
88%
& 100ft
11
100*4
105
Columbus
102%
103%
*103% 103 y8
J-D
112
104*4.
53
95*4
13
91
101*A
& Tol
A Commercial
Income
V
Sou
96%
97
50
71
92
/
91%
92%
37
75'4
93%
■
A-O
A-O
82%
82
83%
58
64 Va
8G%
73%
74%
73
59%
78
J-D
A-O
ft 103%
104
1945
1970
w
1st
,
73%
1st
debs
Af-N
90
44%
90
45%
1970
1955
103%
103 % 104 */b
J-J
102%
102% 103
*110%
A-O
♦112%
F-A
Corp—
Apr 1 1969
1968
—1958
J-D
J-J
111%
80
93%
24%
47%
25%
79
111
47
92%
104 */8
88
103%
110
110%
90%
9
6
114% 114%
2
108%
110*4
112%
3
—
111% 111%
90"
May
77
99
—
110*4 110%
M-S
3
45*4
Af-N
Edison Co—
3*4s__.
if/.
44tA
*—
extl 4s
w
:
*103%
—
3'As
mtge 3'As series I—
Conv
1980
May 1952
1961,
1st extl gold 4S..1948
Ohio El
105%
97
deposit...
deb 5s
Mackay
deb
Commonwealth
104%
100%
mtge
Debenture 5s
gold
1946
of
E
&
Guaranteed
Ry deb 6'4s
deb stk perpetual
inc
105
*107
A-O
1977
i.lii
JAColo & South 4'4s series A
Guaranteed
Canadian Northern
5s
F-A
J-J
A-O
gtd.w/-__.-_-1973
1st gtd 4s^_LC.
Iron
108
108
1961
■:
119%
.
f
s
Coal River Ry
*
118%
F-A
;
,!
s
1st
r
105
108
*106
1972
5%i>-
118%
;._1970
July 1969
gold 5s__
Guaranteed gold 4%s
J-J
109
95
A-O
.
;
.Oct
Guaranteed
109
A-O
1960
gtd 5s A
gold 4'4s
1981
B_/
gtd 4'4s
1st
•'
Canada
1977
General 4*/as series A—
•
California-Oregon Power
RR—
12
112%
54
110*4
105
111%
108 7/a 115
THE COMMERCIAL & FINANCIAL CHRONICLE
•_
'
»• ^
Monday, August 9, 1943
;
V'iV V, /
-
NEW YORK BOND RECORD
"
BONDS
New York
Ended Aug.
Week
..
Last
Interest
Low
Conn Ry & L 1st
& ref 4Vis
,
Low
109
102%
104%
14
J-J
:.
4s—
Consolidation Coal s
■V
40 Va
Refunding 5s
41
40
40%
99%
99% 100
!
1965
1st mtge 3Vis—.—1967
1st mtge SVas
————1970
——_—1966
1st mtge 3Vis
1969
Crane Co 2%s s f debs——
1950
Crucible Steel 3V4S s f debs
'--1055
§ACuba Nofthern Ry 1st 5V2S
.1942
mtge 3%s—
1st
receipts———
gold—
;ADeposit receipts—
A7V2s series A extended to
;;
ADeposit receipts
A 6s series B extended to__
ADeposit
—1952
ACuba RR 1st 5s
— ----
1946
'
t.;
"
:
•
/.V "
-----
59 V4
10
623/4
62%
8
51%
33
/
Western Lines
103
,y
109%
•*'
M-N
:.
ill
fADes M & Ft Dodge 4s
Cent and
111
1st
1st
gold 4s__.
Chic St L
ref 5s
78:
79
.1963
51%
1963
series A
48'A
5m
51 Va
39%
39
38
51
30
1
36
48%-.
27%
40%'
42
48
47%
:
•
37%
;'Z*4T;// 50V-"/:;::
.
36
10
26%
100 % 101
40
96 Vi
36
A
-27
*36
■
CAInter-Great Nor 1st
,
32
40
47%
j-B
51
108
108
—1935
ctfs
1947
gtd 4Vis
series F—
1965
Gen & ref mtge 3Vis series G—1966
Gen & ref 3s series H.
—1970
Dtetroit 8c Mackinac 1st lien gold 4s 1995
ASecond gold 4s__—
1995
Detroit Term & Tunnel 4Vis
1961
Dow Chemical deb 2%s—_—
1950
Dul Miss & Iron Range Ry 3%s—1962
gold 5s—1937
Light 1st M 3%s.
1965
f§ADul Sou Shore-& Atl
108%
105 Va
'W# 5
*101%
J-B
■
70%:
65%
69 Vi x
M-N
601
103 Vi 103%
J-J
*101
J-J
Edison 4s
37 '/a
1952
1947
33%
42%
34%.
J-J
5s
series
B.-__
9
F-A
9
F-A
7%
6%
29%
29%
39 Va
15
M-S
39%
J-D
—1955
106% 1071/8
15
101 Va 101 Va
39 Va
62%
1944
.
1947
B
105
/ 102%
Jones &
12%
1
92
101%
101 Va 101 Va
2
95%
102%
78
791/4
165
63%
80%
81%
83%
253
66 Va
85 Va
22
1%
3
3%,
,
6
63
1961
j-j
61%
63%
25
46%
67
98
1959
*§ AK C Ft S & M Ry
Kanawha & Mich 1st gtd gold 4s__ 1990
3%
12%
,/ ACertificates
18 Va
38%
ref gold 4S.1936
Kansas
2
6%
''■'—A.1-'/';
89
■
85%
96V*
26
94
96%
112%
112%
14
104%
107%
40
3
45%
327/a
99»/4
26
34
4V2S
99 V4
102 Va
103 Va
106 Va
108Va
75
1961
1961
*97%
A-O
82 Va
84
A-O
62%
69%
70%
757a
42
69%
75
78%
139
105%
110%
111%
114'/a
*114%
j-j
;
43
''vji'wm
..
*58
46
65
*89
J-J
/■J-J-\m
93
j-j
*937/a
_1961
j-j
*85Vi
W
4*.
90
*171%
A-O
j-j
/i'v'
*108%
Light extd 5s
1945
A-O
100%
•F-A
97 V*
*4
93%
83
172
105
106%
108%
5
105 Va
108%
11
100%
103
1%
4
08%
101% 102 Va
M-S
93%
93%
170%
"2
„
101
107% 10A
108
M-S
61
85
107
-
106% 106%
J-J
'
83
—
M-S
88
74 Ve
.75
107 Vi
1954
89%
61
107 Va 107%
69%
J-J
j-j
1997
1954
98
61%
97
85
1961
unguaranteed.
86
—
90
'
Koppers Co 1st mtge 3%s
.1961
Kresge Foundation 3 % notes.
1950
fAKreuger & Toll 5s ctfs—>~^~.1959
XYS:/:: 33V4
109% 111%
2
.
.1987
Kings County El L & P 6s
Kings Co Lighting 1st 5s
1st & ref 6VjS__'
U,
;
.
85%
8
110% 111
&
Plain
51
7
deposit—:
A-O
— — —
Kentucky Central gold 4s_L.._
Kentucky & Ind Term 4'/as
Stamped
:
98
110%
110%
of
City Southern Ry 1st 3s
1950
impt 5s__
__Apr 1950
Kansas City Term 1st 4s
1960
18
19
25%'
70
104%: 107%:
K
3%
61
251/4
'
—
1st 4s__.
100
100
'
J-J
& Clear
Lauglilin Steel 3%s
45%
*1071/4 108
J-J
48%
105%
45%
102% 103
A-O
52%
::
172
99V4.
99%
M-S
23%
38%
283
*25%
M-N
48%
; 102%
1956
....
108%
15
45
oS'VAwCx/V
23%
4
James Prankl
73%'
107
106% 107 Vi
J-D
24%
49
40Va
,
108%
112% 112%
J-B
104
570
24%
6%
Int Rys Cent Amer 1st 5s B_—19-72
1st lien &• ref 6Vis_^
—_■
1947
?
.
11'lVa 111V4
111%
-
102%
102 %
45
21 Va
8
*93
A-O
M-s ;
101%
7
79
22%
31%
14%
106%
215
■
217/b
.1956
42
108%
104%
16
43 Va
19'/2
98%
24%
108%
41
Ref
J-J
82
15
64Vi
40
.
9'/a
A-O
56%
1051/8
103%
.
43 Va
37 %
41 %
....
A 1st gold '5s series C
1,053
36
60
115
'
56%
-r
■
35
62%
47%
98
July 1952
Internat Hydro El deb
6sr
Internat Paper 5s series A &
Ref sink fund 6s series A.
101
101
102
33 Va
80
11
103 Va
103
6s series A.1952
Adjustment 6s series A
A 1st
.
102% 108%
6
*103% 106
J-J
64%
261
106% 106%
Telep & Teleg deb gold 4%s_„ 1952
Debentures 5s.*..
r
1955
t£Iowa Cent Ry 1st & ref 4s
1951
-.1969
.1969
1978
>96%
Int
J-J
61
60%
48%
;
*101% 1021/a
Cons Copper 4s__
Interlake Iron conV deb 4s
98%
45
15
50%
77
42
47%
,
*108 % 110
Inspiration
93
34
38
78%
58
*79
.1951
Ind Union Ry 3%s series B
——1986
Inland Steel 1st mtge 3s series F
1961
4
32%
11
97%
43
37%
51
J-J
112% '
102:
101
102%.,
97%
*41
92%
63%
;;
& N O—
Ind HI & Iowa 1st gold 4s
——1950
JAInd & Louisville 1st gtd 4s__
1956
111
109%
108% nr
1
ill
*102
■)/'738?//
4s—1936
—.1936
Aug 1955
series B—
fADes Plains Val 1st
„
67%
54 V*
108% 110
110%
J-J
4Vis—
ARef & impt 5s
gold 3s_
3%s——
Springfield Div 1st gold 3 Vis—1951
■
51%
32
92
V. 107%
A-O
JADenv & R G W gen 5s
A Assented
(subject to plan)——
Duquesne
59%
1951
Gold
■
t§ADen & R G 1st cons gold
§AConsol gold 4Vis—
Detroit
1951
15
1946
ref 4%s——.—
&
St. Louis Div & Term
51 %
10
1955
Dayton P & L 1st mtge 3s
—. 3970
Dayton Union Ry 3%s series B—1965
1st & ref 4s—1943
Delaware Power & Light 1st 4%s__1971
1st
105%
'
J-B
Delaware St Hudson
1st mortgage
.11
;
A-O
17
58 Va
111% 111%
J-D
~7
74%
109%: 109%
J-D
75%
57
?
111%
M-N
75%
31%
16
*110% 111%
M-N
-
Curtis Publishing Co
V//::
1951
109%
M-N
.
receipts
3s deb
ADeposit
M-N
205
>
56%
42%
48
493/4
76
7
109%
109
109%
64%
46%
*93%
Litchfield Div 1st gold 3)5
16
High
85
64
1950
—
1st & ref 4%s series C
mtge 3V2S
1st
Bridge gold 4s
Joint
Consumers Power Co—
.
Cairo
Louisville Div & Term gold 3%s_1953
Omaha Div 1st gold 3s
1951
11
40
40 Va
J-J
=
1953
1966
40-year 4%s
v
107 Va
3
41 Va
J-J
40
Low
No.
103%
40 Va
Range Since
January 1
Sold
108
104% 105
J-D
J-J
deb 4s
Bonds
High
106%
5
108 Vj 109 r
108 Vi
—1955
1956
f 5s————I960
Debenture 4s
ADebenture
A-O
Week's Range
or Friday's
Last
Sale Price Bid & Asked
105 Va
*107
J-J
Period
105%
:.-:/:7.l
106% 107
107%
106%
A-O
1954
fAConsol Ry non-conv
A
"
1
104% 104%
A-O
—
Friday
Interest
ExchangeAug. 6
Illinois Central RR—(Continued)
114
111
•:
-1946
3Vis debentures
..——1948
3 %s debentures.—.—
—1956
3 Vas debentures—.——.——1958
Consolidated Oil conv deb 3Vas—1951
debentures..
Stock
Ended
Low
Consolidated Edison of New York—
31/4S
York
Week
High
113%
—>:/
■V;.
New
Range Since
January 1
No.
110% 110%
110%
F-A
—1961
Conn River Power s f 33/4S A.
Sold
High
*113%
J-J
—1951
Bonds
Friday's
or
Sale Price Bid & Asked
Period
6
BONDS
Week's Range
Friday
i
Stock Exchange,
—
E
1948
Minn Nor Div 1st 4s
East Tenn Va & Ga, Div 1st 5s
Ed El 111 (NY) 1st cons gold 5s
Elec Auto-Lite 2V4S debs—.
East Ry
stamped.——
1970
M-S
A-O
3%s_——1962
KaBroad Co—
Erie
Div
*15Va
J-D
101%
98
J-J
100
98
106 %
Laclede
;
,
98%
64
80 Va
100
92%
ref
5%s series C___—-—1953
&
ref
5 Vis
5s extended at 3%
to
100%
3%s
J-J
99% 100
60
61
inc 4Vis series A—.2015
1st 4s
1947
M-N
—1971
M-S
1st mtge 3V4s
■'JI
171
171
61%
107
'
107
*103
:/:/ 55
1
:
108%
99
..
1047
-
i
103
J-D
1975
1954
.
Cons sink fund 4Vis
f a Fia
.—1961
1943
Central & Peninsular 5s__
FUntkote Co 3s debs.———1958
1054
A 1st
ACertificates
of
J-J
104%
/
.
*102% 103%'
.•
J-D
95
M-S
30%
■
0; >!•
94%
,
96
29%
us
—
—1982
X.
32%
*25
—
M-N
97/a
V/?-'V
deposit
83
104 Va
102%
'■>
■
1st
5s
103 %
76%
98%
19%
10
5s
104%
219
41
5s
1954
Corp 3s debs.
Franciseo Sugar coll trust 6s
1956
1956
35
—
9%
10%
10%
20
/
■
20
9%
97/a
J-B
7
*103%
-
M-N
'
'■'
Gas Si Elec of Berg Co cons 5s
Steel
Castings 5 Vis
1949
1949
.
t A Georgia & Ala Ry 5s
Oct 11945
t§AGa Caro & Nor 1st ext 6s
1934
/V943)
!
94
102
,
J-B
(B F)
Gotham Hosiery
1st 4%s
deb 5s w
_.
—1956
4%
Great
Northern 4%s
stamped...:
94%
—.1974
stamped.).
J-J
110%
♦71
F-A
92 %
108 %
100
83%
i02y8
Jv
J-J
104
104
1948
J-J
102%
102% 102%
1967
J-J
91%
98%
99
/
Feb
*62
83%
104%
91%
Feb
...
99
98%
100%
99 Va
105%
99
103%
92%
58
69%
12
%
75%
65
11
9
,14%
J-J
89 V2
89%
91
69%
J-J
61 %
61%
63%
54
.1952
.—1961
Gulf States Util 3Via series D
1969
f
.
J-J
97
."4
104 % 105
M-N
1999
85
105%
86
56%
58%
80
7
105 Va 105%
58%
127
9
103
<
54
Feb 1957
27%
,
27%
Illinois Bell Telep 2%s series
A—1981
1st gold 3 Vis
—:
*
1951
Extended 1st gold 3
Vis..—II~IZl951
1st gold 3s
sterling—.—
—Z4951
Collateral trust gold 4s
1952
.....
—
Refunding 4s
~
Purchased lines-.3Vis.
Collateral trust gold 4s
_>
For footnotes
see
T""I.
page 560.
1955
1952
"1953
29%
42%
29
28%
40
145
32%
45
1
31%
41%
41%
49
35%
13
100-/2 106%
14
106% 1063/4
5
106%
109%
122% 1223/8
6
121 %
122%
J-J
J-J
190
19%
:
13
O rr*
*96.
97%
*96-
*44
A-0
59%
97
61
106
106
103 Va
•
104%
102%
103
102% 103
98J/a
1023/4 103
98%
104V»
104%
*106% 107 V2
110
122% T22V4
122%
107%
120%
122%,
903/4
91%
*110%
*103%
78 Va
92
94%
—
109%
111%
—
103%
104 Va
106%
1st &
ref; 3%s series E—.—__—2003
3Vis series A ext..—1950
Unif mtge 4s series B ext..—-—I960
A-O
Unif mtge
'
103 Va
106% 106%
103 Va 104
97%
2003
108
104%
88%
J-J
93% 943/4
103% 103 7/a
102%
105%
J-J
*106% 109 V2
108 Va
109%
104
105
Paducah & Mem Div 4s_——_—1946
F- A
——.1980
Mob & Montg 1st gold 4 Vis...—1945
South Ry Joint monon 4a__*c._—1952
Atl Knox St Cine Div 4s
—1955
,94
104%
M-S
3s
94%
98 V4
97%
'
85
104% 104Va
78%
*91%
*105
M-S
100
J-J
105
107
94
1003/4
110
*1103/4
M-N
61%
Maine Central RR 4s series A.....1945
J-B
31
Geri mtge 4Vis'series?A—J——..1960
Manati Sugar, 4s sink fund—Feb 11957
J-B
f 5s——11953
(South Lines) 4s.....1959
•
s
90%
90%
100
95%
91%
105%
101
110%
104%
-western 1st
100%
,
..1941
gtd-3Vis
Steam
Shovel
s
f 6s.
•
54%
64
65 Va
Jf-S
*46
1
37
1947
97
Market Street Railway—
98%
60%
60%
(Stamped mod) ext 5s__._!
McCrory Stores deb 31/4.
65
McKesson
Robbins
*25%
*101
A-O
67%
—
"7
3
3 Vis.-
^^.1945
1955
Q-A
..1956
J-J
A-O
96 Va
96%
96%
1
1
100
70
89%.
102 »/a
98%
105 Vr
106%
109
109
3
106%
109
112%
8
111% 113%
*108%
58%
58%
47
60%.
Metrop Ed 1st 4Va« series D_.——1960
M-S
112
55
56
32
43%
57%
Metrop Wat Sew & Drain 5Vis
1950
A-O
*88
60%
72
46%
61%
tSAMet W Side EK (Chic»
—1938
F-A
4s
39
lOO1/* 103
—
101% 101 Va
58%
'
70
45%
-.45%
50
'•
67%
J-J
J-J
129
94
59
49%
*.
•
——
&
84%
47%
''■J—1
M-N
64
A-O
51%
-«.■
)
Stamped
5
3
45
91
53%
M-N
M-N
M-N
107%
103
103%
927/a
-
—
A-O
96
65
75
105%
62%
*98%
M-S
50
120%
118%
103% 104
A- O
55%
115
99%
IS A Manitowoc Green Bay & North¬
J-J
7
—
A-O
Marion
lost
272
A-O
AManila RB
Illinois Central RR—
1st gold 4S—_-
71
66
105%
40%
78
28 %'
.
88
117%
46%
55%
:
33
44
64 V2
67 Va
120% 120 5/a
A Manila Elec RR & Lt
AAdj income 5s
38
!-—..2003
1st & ref
1st &' ref ,4s series D,
131%
364
*118% 119
54%
31
4 Vis series? C_'——I—.2003
".1st & ref 5s- series B——.—
111%
3
■i
333/4
40 V2
66%
.
Louisville &-Nashville RR—
105
110
131% 121%
t§AHousatonic Ry cons gold 5s.—1937
Houston Oil 4%s debs
1954
Hudson Coal 1st s f 5s series A
1962
Hudson Co Gas 1st gold 5s
1949
Hudson & Manhattan 1st 5s A
1957
73
33
Louisville Gas & Elec 3 Vis
1966
Lou & Jeff Bridge Co gtd 4s——1945
St Louis Div 2d gold
Hocking Valley Rj 1st 4Vas
71
75
;
75%
*107%
97
102 Ya
*111%
74%
62%
*104%
:
*97
A-0
67%
68'A
1962
69%
ref Term M 5s stpd
73
73 Vb
60
,
__
...
94%
2015
Gulf States Steel S f 4V2S
93
71%
34%
54 Ya
>
93 %i
—1975
AGen mtge inc 5s series A
Gulf & Ship Island RR—
89%
86
30 %
J-J
Long; Island, unified 4s—..———..1949
Guaranteed ref gold 4s.,.—...—1949
4s
stamped—
1949
Lorillard (Pf Co deb 7s—..—.—1944
5s debenture....
—...—1951
Louisiana &r Ark 1st 5s series A—1969
II2V2
107%
107
88%
86%
69
54%
69
Long. Dock."Co 33/4S. ext to.——1950
99%,
112%
J-J
AGreen Bay & West deb ctfs. A
A Debentures ctfs B
94%
73
303/4
KA
Little Miami gen 4s series A__
101%
109
J-J
mtge 3%s series I—
94% 100
'c 87
89%
53 Va
.
109
102%
—1946
Gulf Mobile & Ohio 4s series B
99%
111% 112%
99%
34%
105%
;
■
*68
»
55%
97
110
112%
:
—1977
General mtge 4s series G
Gen mtge 4s series H
19
107%
1976
—
General 4%s series E__,
1st &
107
*101% 102
J-J
93
73
1950
gtd 5s_.
Valley N Y 4yas ext
/
103
30
*100
1973
General! 4%s series D
98
45
J-B
1952
,75
93%
86%
:
1964
—:
5s__
V
Lehigh Valiey RRrt
>
4s stamped modified
2003
I
4s registered..
2003
4V2S stamped modified.;
2003
4 Vis registered—
2003
5s stamped modified
2003
Leh. Val Term Ry ext 5s__—
1951
Lex & East 1st 5Q-yr 5s- gtd
.1965
Libby McNeil & LJbby.-4s._i
.1955
Liggett & Myers Tobacco 7s
1944
5s debenture..
—...—....1951
14%
102%
80 Va
20
21%
K-.
*37
Af-S
.—1961
series A
General 5s series C
Geu
20%
J-J >
1947
General 5%s series B
93
15
4%
102%
1946
w
Grays Point Term 1st gtd 5s
78
*—
.
Leh Val Harbor Term
38%,
102%
__
92
J-J
Goodrich
73%
93
99% 10O
—
F-A
1974
1054
5s
J-D
J-J
89 Va
-52
93
93
■
—
Gen
80
71 %
92%
F-A
1954
1064
1st & ref sink fund
'
Food. Machinery
90
92
93
A-O
Lehigh
deposit
(Proof of claim)
ACertificates. of
i
.
tFonda Johns & Glover RR—
§ A2-4s
99
26
*100% 104
1959
& ref 5s series A—
99% 101 Va
83%, 03%
91
70
J-J
stamped.,
ref-sink fund 5s
Est & ref sink fund
104
104%
1974
IFionaa East Coast 1st 4 Vis
101%
98 Va
*87Va
Lehigh Valley Coal Co—-
M-N
M-N
*101
90%
■/■•.;
1I''-:.-"'-';-.
F
Rub 3s deb,
98%
J-J
1965
1945
series G
/■r:'
Tire &
98%
85
.
Lehigh St N Y 1st gtd gold 4s
Firestone
85%
97%
Deo
1
Lehigh & New Eng RR 4s A
i
97 Va
97
J-D
income reg
Lehigh Coal 81 Nav s f 4V28 A
65%
,
96%
J-J
1997
registered—
A 1st mtge
107
100% 100%
F-A
3%S—1997
Lake Sh & Mich Sou gold
t
...I960
series D'
Western RR—
Lake Erie &
82 V4
98
&
Coll
,
4
Gas
Coll
,
65
2
■:-
—
102
102%
21
'79% ,,79%
•
*77%
J-J
/
1061/4 1061/4
/
!'■
A-O
109%
151%
100 Va
20
L
108
103
148
;'
101% 101V4
106 v*
/
r.'v
'
—
Lautaro Nitrate Co Ltd—
1995
N Y & Erie RR extl
Ohio
"1
109% 109 Va
J-J
,
1st cons M 4s series B
AGen mtge
107
__
■
M-N
—1965
———1965
El Paso &. S W 1st 5a
Empire Gas & Fuel
*107%
1956
1995
.1950
Elgin.. Joliet & East Ry 3%s
5s
A-O
*9%
84
1.1%
6%
90 Vi
121/2
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4201
Volume
Stock Exchange
Last
Interest
'
or
Low
1st
&
Lans
1951
M-N
*101%
J-J
73%
M-S
—
1963
t§AMilw & Northern 1st ext 4
ctfs_——
1934
t A Minn & St Louis 5s
A 1st & ref gold 4s
:
51
51
X
80
80
2
54%
53 Ve
55
51%
109%
gold
ATerminal
1st gold
N
Y
•
5s
5s
Telephone 3%s series B
1st 4%s
.
63
38
52%
29
27%
Q -F
61
65
9%
Southern
Norfolk
4
23%
6 %
40
2%
7%
5%
6
11
2%
8
-i.
27
Ry
A 1st
A 1st
—1946
J-J
117
7%
12
7%
7%
64%
A-O
Vi
99%
6
98%
48%
48%
50%
210
41%
series A
-
mtge 5s conv inc.™
RR 5s A
Debenture 3%s
59%
J-J
54 Vi
53
55 Vi
398
40%
63
52%
99
'/
A 1st
ref
&
44
45%
47%
A-0
30
27
27%
33%
35%
38
i *,"
4s
•
i,
23%
677
50%
50%
51%
50%
50%
53
51%
1
M-N
11%
11%
12%
516
5%
51%
51%
52%
184
36%
35%
59
51
July 1938
4s—1991
59%
of. guarantee)
of
35%
51%
2
91%
36
100
105%
A-0
113%
New
J
N
New
N O
New
111%
113%
103%
107.%
~8
95%
6
95%
105%
46
46
45%
46%
M-N
41%
40%
41%
J-D
*111%
37%
-
12ft
53
55%
68%
66 Ve
51
55%
68%
109% 110 %
12
States Power Co—
M-S
.1965
A-O
;• 103 Va
103%
104%
68%
18
105%
19
103'/a
mtge 3%s
1
.1945
J-J
82%
82%
84 Vi
10
J-J
83 %
83'A
84%
•V'.Vv 14
J-D
117%
M-N
110
♦116% 116%
__
■\
Steel
1st
124% 125
.;.
i
ACertificates
Co
>
'
y
'■
107%
110%
110
1946
103 Ve 103 Va
1945
,rV'
t
.
c-.
64%
deposit
'.V-
deposit
62%
F-A
1956
1954
A
67%
67%
A-0
deposit
96%
69%
64%
64 Ve
Pa
75%
V
.
72
.
;
1st
A-0
52%
52 Vi
60 Ve
79%
84%
M-N
1997
J-J
v-
-——
Y
Dock
75%
70
.
S
•••••;.
4s
79%
1
Gen
75
V
Y
N Y
N
sterl stpd
2
109
112%
6
103%
106%
103
106 %
111% 111%
4%s
98%
10
100 Va
95'A
100
108 Va
HOVa
111% 111%
J-J
96%
10
100
*110
111%
12
98 Va
100
23
M-N
109
110%
111%
104
*105
13
104% 104%
105
102%
104%
-V.
•<••
-
F-A
'ii,'''.'' '•
A-O
•
77%
77%
.
1
67
78
95
95
6
57%
117
117
1
116%
95
M-S
'• J-D
95
117%
102 V*
A-O
—
*107% 109%
1981
3%s
108%
12
*108
107
104
105%
107
102
105
101
6
106% 107
105
109
109
*
108% 109
107%,
10
106V4
107% 108
109
F-A
F-A
61
102%
106%
J-J
1969
_1974
,
103%
106%
*102% 104
/
'
J-D
5s
series
30
98%
2
series
M-N
110
M-N
109% 109%
1970
109%
108
.
.
88.%
99%
7
119%
123%
108% 109%
61
101%
110%
115 Va 116
109%
J-D
116
J-D
1968
B
108 Ve
108
70
123% 123%
F-A
1965
,
1
98%
54
108
116%
97%
v,' A-O
i960
A-
110
1
,
,_May 1 1948
110%
110%
52%
67
149
67%
86
85%
90
74%
87%
81%
14
60
F-A
60
60 Va
11
F-A
57%
57%
69%
10
65%
60
2
A-0
.1950
J-D
t'
80
<A
66%
1st
47%
61
•'
.
•
100% 100%
•
73%
99%
106%
76%
86
97
110%
& Erie—See Erie RR
Gas El Lt H & Pow gold 5s„ .1948
J-D
117 Vi 117%
10
115%
117%
.1949
F-A
111% 111%
4
111
112%
.2000
M-N
100
100
.1973
M-N
.1973
M-N*
\
76%
'
*98
„
■
.
*101%
69..,.
*76
80
55%
74%
60
42
69
80%
Pekin
&
.
98 Va
192
53%
14
12
12%
21
*109
109%
Apr 1990
Union
F-A
J-J
1956
97%
97%
M-S
& Wash
Bait
5s
series
General
gold 4%s
4%s
General
B__>.
series
series
52%
12%
D
80
Phila
106%
F-A
127
127
,1977
—1981
coll tr 4%s
J-D
ref
J-J
M-S
1967
mtge 2%s__:
J-D
{Philadelphia & Reading Coal—
A ref 5s stamped
L,__
.„1973
J-J
1962
t§APhilippine Ry
of
ACertificates
1st s f 4s,_,
deposit
Petrol.l%s
Phillips
107
5%
16
169
14 «/a
106%
72%
91
64%
83
57%
76%
104% 107
102 Vi
3
118%
5
111
117%
5
108%
111%
96
107%
,
127
...
112% 112*%
103% 104
104
32
34 V8
12%
13%
106
106
127
\
106% 107 Vi
-
J-J
1951
debs_
58 >/4
110% 110 Va
110 %
80
1
27
34%
48
14%
336
106
106 Ve 106 Ve
110% 112%
102
20%
8%
104%
40%
15%
10
104
106
15
104%
106%
J-J
J
17
3%
4%
7%
104%
110%
108%
105
7
105 Ve
7%,
106% 107 Ve
106%
39
103%
7
*4%
:
bonds
98 Va
112 V4
106 Vj
85
100}A
M-S
1937
debentures
M-N
1963
Philip Morris Ltd deb 3s
3s
M-S
1949
deb 6s
97
117 Vi 117%
J-J
1961
Electric 1st & ref 3%S—"
&
Va
J-D
M-N
1971
1st
73
44%
106 Ve 106%
,-f
Philadelphia Co
80
70%
71%
90 Ve
1974
:
C
89%
90
1943
1st gold 4s
General
90%
111
*111%
53%
J-J
1980
1952
;
gold 4%s series C
Phelps Dodge conv 3VaS deb
(
«
Apr
1974
1956
Ry 5%s
series B_
4s
Called
!•
■
ext
Marquette 1st series A 5s
AConv
69
106 V4
101%
65
51
76%
102
101
26
105% 106
105%
A-0
12
4s
1st
100
16
*
4s__
AIncome
48%
85%
95%
A-O
Pere
64%
40
1960
Peoria
443
80 J/4
101% 102
102
•
78
104% 105 Va
Eastern
&
Peoria
82
94%
106%
104%
96%
95%
-
M-S
70%
77%
96 Va
A-O
66
36
91
89%
84
1947
53
-
89
104 V* 105
.1952
3 %sl
deb
Conv
50%
2
1984
95%
Peoples Gas L & C ref 5s.,
•
Phila
89
90%
A-0
mtge 4%s' series E
•
104%
J-J
1981
84%
__
A-O
A-O
1970
D_1
379
63
F-A
M-S
gold 4%s_„
79%
110 Va
gold 3Vis
4s series A
105% 106
:
J-D
•
112%
106% 106%
'
A-O
<
—-1948
60%
109
Lack & West
y-
1960
series C
Cons sinking fund 4%s_:
78%
108
Harlem
111%
F-A
dollar
Gen
1
&
112%
M-N
mtge 3%s
61
G
Y
98%
112%
110%
J-J
5s .1949
i—i.
47%
109% 109%
Y
92%
110
13
1952
& Light
906
110% 110%
4 Vis series B
■
3
38
ref 4%s A„,1977
1st &
54%
A-O
3Vis series D___—
..'
98%
112
1963
General 4%s series
A-0
—
Purchase money gold 4s
N
98%
110% 111
F-A
.
.1955
l
67%
.1965
&
i
.
3%s trust ctfs D___1944
4s
Debenture
•
ref 3Vis series E_—, .1966
lien
98%
112
J-D
.1944
6s_,
51%
F-A
Edison
Y
1st
..
—.
—
A-0
notes.
-
110%
-I960
Pennsylvania RR— '
Consol gold 4s:
71%
.1947
Conv 5%
105%
'•
6i%
.1951
gold 4s
1st
deb
151
•.
F-A
.1965
Connecting RR 3Vis A
Y
99%
J-D
-
_1955
3s loan ctfs
59%
J-J
.
.1947
3Vis extended to
mtge
:
J-D
.1966
3s B
81
A-0
.1978
debentures
v
_1966.
series B
series E trust ctfs_
General
.1974
i
no %
20
J-D
,
.1938
debentures
4%s
York Chicago & St Louis—
6s
1966
s
P L
Trans
Power
47%
1998
C
106%
J-D
ext gold 4s_ 11938
4%s series B
Penna
;
.
52%
--
•
.1998
A
31
104 % 105
104 %
J-D
.
.
.1971
Broadway Corp—
Ohio & Det
49%
75
59
1998
series
109% 109 Vi
J-J
.1961.
series C™
s f gold 4%s;
f gold
s
Secured
44%
__
58
1997
4Vis
110%
J-J
__
__
'
♦100
1998
Ref
109%
109
.1970
5s
1st
Guaranteed
50
:
.
■
M
Gtd 4s
97%
50
•
26
•-!
j*
F-A
1952
Hud River 3%s._—
series
107 %
108%
*109%
*109%
Pennsylvania Co—
108
51%
J-J
■
5Vis
106 %
105%
97
—
2013
Ref
104%
J-J
1964
__
Pennsylvania Glass Sand 3%s_'
11
69%
2013
New
104%
5
9
J-J
.1946
gold 5s
Paterson & Passaic G & E cons
108
48
69
1st
111
44%
83 :
64
& 111
Paramount
:
74
»..
secured 3Vis
&
102%
106
106'A
,
•'v
C-S-
66%
65%
63
65 %
F-A
4956
——
Y
Cent
10
ICS
106
.
1st
mtge 3'As
Parmelee
80%
•
65
1998
Y
103%
111
M-N
1961
1962
series K
RR of Mo
Ref
41
1945
N
J-D
109 Vi
J-D
1946
.
3%s series I
ref M 3s
Panhandle East
106%
62
Newport & Cincinnati Bridge Co—
Conv
110%
107
ref mtge
General
N
M-S
109%
6
.
1st
§A2d ext gold
80
-j;.
83%
5-''•
72
95%
*54
__
66
19%
100
7
ref mtge 3s series J
Paducah
106%
'•'
A-O
12
106%
2
&
1st &
125%
73
15
*._
A-0
1935.
18
~7
108% 108 Va
&
1st
118 Va
108%
A\Ai, iA
107% 107%
94%
16%
100
M-N
110% 110%
3%s series H
84%
77
107%
107
A-0
deposit
of
15
108% 108%
M-S
5s™
1st
Pacific Tei & Tel 3'As
122%
7
95
95
J-J
T954
series
5Vis
J-J
110% 110%
ref mtge
&
§APac
117
M
—
96
95%
95%
J-J
110%
112%
J-D
mtge 4%s ser A
85%
'••70%
10
93%
A-0
112 Vi
,
Transmission
1st
:
] 19
70
16
110%
F-A
109%
111%
*101
J-J
Gas & El 4s series G
105
116%
'
■■
117% 117%
110
*81
ACertificates
A 1st
81%
1966
Coast
100
95
J-D
series D
of deposit
4Vis
A 1st
66 Vi
1967
1972
3%s
debentures.,
1st
103% 104%
6
,
100
100
101%
13
,1948
series
62%
—
.
Elec
&
Gas
,V
10&?/4
M-N
1st gtd 4s
C
ACertificates of
♦112
J-J
Teleg 4 Vis ext™—1944
mtge 4s
Otis
102-fff 102 Va
104%
104% 104%
94%
5s
M-3
1964
1™
Oregon-Wash RR & Nav 4s
108 Ve
.
A 1st
F-A
1st & ref mtge "3Vis—-1967
1st mtge 3 Vis
Guaranteed stpd cons 5s,
'
82
43
1954
J-J
of
56
50%
*
gold 4s__—1946
Ore Short Line 1st cons gold 5s
1946
110%
AkV
107% 107%
.1949
B
58%
40%
112%
A.-'/
103% 104%
.1953
Certificates
329
66
78%
'
Mexico Ry§ANon-cum inc 5s series A
A
125
79 V'e
46
108%
5
i •
78%
107%
107%
of
59%
58%
J-J
Oregon RR & Nav con
51%
111%
104%
J-D
M-S
1949
J-D
series
58%
65%
Pacific
1955
5s
53%
78
:
Id gold 3s
'
—
77
77
ref 5s series B——
ACertiiicates
*51 Va
65 Vi
Ontario
50%
31%
32
v
110% 110%
•
M-N
Orleans Texas &
A 1st
56%
65%
Oklahoma
96%
35 %
55
47%
M-N
89
.1945
Orleans Term
89
88
54%
247
O
113%
110
.1952
1New
69
42
88
55
92%
65%
1st
10
;
107% 107%
95%
J-D
England Tel & Tel 5s A
.1961
gtd 4Vis series B
—
.1986
Junction RR gtd 1st 4s
.1960
Pow & Light 1st 4Vis
1983
Orleans Great Nor 5s A
1952
& N E 1st ref & imp 4Vis
1952
Orl Pub Ser 1st 5s series A__
New
94%
6
134
91 Vi
J-J
1st
101%
■
3s'
69%
72%
92
Q-J
1997
65
50
75%
J-J
(Minn)
65
45
17
ff.,3
~
England RR gtd 5s
1st &
48
*—
J-J
Northwestern
100
60%
113% 113%
107%
J-J
1st
N J
A-O
1st gtd gold 40948
Ohio Connecting Ry 1st 4s
1943
Ohio Edison 1st mtge 4s
1965
105 %
*113%
J-D
1960
—
Consol gtd 4s
A
1945
-
{§ AOg & L Cham
58
F-A
__™™
fANaugatuck RR 1st gold 4s
Newark Consol Gas cons 5s
fANew
114%
2047
2047
4s
debentures
mtge
1st
113
„
58%
•
Steel
120
*115%
deposit—.
Pacific
National
103%
119%
2047
(Wise)
105
58
M-S
1966
53
100
M-N
58
36%
N
3Vis sinking fund
105%
102%
M-S
impt 5S series D—
Northern
59%
35%
•
350
51
51%
1960
(Aug 10)
102%
21
*124
59%
38
¥-A
—
Prod 3Vis debs
Prod 3Vis
81
M-S
58
35%
13
230
.
bonds
102% 102%
59%
36%
1981
Distillers
132%
15%
A-O
F- A
Dairy
124%
102% 103
F-A
9
impt 5s series C—_,
27%
50%
1978
Called
102%
',•
40
132%
impt 6s series B_
&
51%
4Vis
131
Q-A
11
842
53%
132%
F-A
Pacific prior lien 4s
&
M-N
Chatt & St L 4s series A
Nat
49
34
2047
2047
Ref &
M-S
A-0
Nat
85%
29%
registered
:
& impt 4%s series A
Ref
20%
1965
Montana Power 1st & ref 3%s,—,1966
Montreal Tramways 5s ext
1951
Morris & Essex 1st gtd 3Vis
2000
Constr M 5s series A
1955
Constr M 4Vis series B
—1955
Mountain States T & T 3%s
1968
Mutual Fuel Gas 1st gtd 5s
1947
Nash
73
60
45
Q-J
59%
20%
Monongahela W Penn Pub Serv—
mtge
37
38%
Q-F
59%
M-a
Monongahela Ry.3%s series B
debentures
82%
37
*32
1997
35%
123
52%
'
1949
1980
A 1st & ref 5s series I
.
A Certificates, of
deposit
6s
51%
•
deposit-
gold 5Vis
ref gold 5s series H
A Certificates
of deposit
1st
.
1978
Malone 1st gtd gold
80 Vi
F-A
Ref
•
50%
1st &
Moh'k &
110%
Jan 2047
3s
1975
1977
t§AMissourl Pacific Ry-—
3rd 7s extended at 4%
109%
(stamped can¬
registered
35%
51%
F-A
deposit-
of
A Certificates
106
1974
4Vis series A
ref
Gen lien ry &
Ref
AConv
A
102%
M-N
1974
ref 5s
mtge gold 5s
ACertificates
56%
19
?'•
&
A 1st
Northern
106
45
45 Vi
1965
series G—
5s
112'/a
1954
Central gen &
cellation
343
44%
J-J
1967
4s
of
108%
90
{Northern Ohio Ry—
100
50
J-J
1978
1962
ret 5s series F
&
110%
*109% 110%
—
O-A
72%
J-D
70
70
Certificates, of. deposit,—
Certificates
22%
108%
38%
Gen
1%
5
J-J
fMissouri Pacific..RR Co—
A 1st & ref 5s series A_
A
8%
12
108% 109
81
t
A 1st
283
—
A-O
4%s
mtge
North
M-3
adjust 5s series A—Jan
A General
17%
16 Vi
16
85
*110%
—
16%
M-S
J-J
10
3
4%
4%
v
30
4%
26%
J-J
40-year 4s series B
Prior lien 4 Vis series D
A
7
105 Vi 105%
J-J
J-J
1998
*
1962
1st 5s
Kansas & Texas 1st 4s
Missouri-Kansas-Texas RR—
Prior lien 5s series A
A Cum
86%
9%
31%
15%
2
24%
26 Ve
J-/
304
26%
1949
t A Missouri-Illinois RR
Mo
51
86
2014
1961
1st
AGen
30
16%
26%
26
J-J
1978
1959
1990
5Vis_
ref 5Vis series B
&
16
24%
26
J-J
ref 6s series A
&
A25-year
19%
10%
Co-^-
t§ANorfolk Southern
<
1938
1938
to int„1938
gtd as
§Aist stamped 5s
45 Va
14
57
J*-'"4
6
6%
M-S
Paul & Sault Ste Marie
consol 5s
9%
High
32
-
1949
1962
.
§ A 1st cons 4s stamped—i
§ A 1st
Low
1
■
1966
Niag Lack & Ont Pow 1st 5s A—1955
Niagara Share CMd) deb 5%s
1950
Norfolk & Western Ry
{Minn St
January 1
No.
18
M-N
Niagara Falls Power 3%s™™
Range Since
Sold
37
F-A
1967
1946
t§AN Y West & Bost
81
Bonds
High
*12
F-A
.',1943
*—
63 '
*21
M-N
4Vis
65
.
Friday's
37
1st gold 4s_1996
North Amer Co deb 3%s_'
1949
.
or
Sale Price Bid A Asked
J-J
1937
1937
.-1940
49%
,
72
■
gold
§ A General
.
37
51%
*_,'
J-J
§A2d
78
106%
7
108 Vi 108%
-
101%
57%
80
-
-
1941
50-yr 5s series A_.
ext
'
23
M-S
1939
Vis
77
Week's Range
Last
Period
6
Aug.
Low
92%
97
' '
„
J-D
f
1947
&
Friday
Interest
Exchange
Stork
Ended
High
78
J-D
1939
Vis.
f AMilw Spar & N W 1st gtd 4s—
t§AMilw & State Line 1st 3%s___
A Ref
No.
__
73%
A-O
1940
{§ AMidland of N J 1st ext 5s
-
Low
Week
1
January
94
*92%
1979
Michigan Consol Oas 4s
A § Consol ext 4
M-S
1952
3%s
Sag
gold 3Vis—;
—
& impt 4 Vis series C
Ref
Sold
High
New York
Range Since
tSANY Susq & W 1st ref 5s_-
Michigan Central—
Jack
Bonds
Friday's
Sale Price Bid & Asked
Period
6
Aug.
Ended
Week
..
J
BONDS
Week's Range
Friday
BONDS
New York
—:
9
{N Y New Haven' & Hartford RR—
ANon-oonv
deb
4s_..,_
deb
3%s
1947
M-3
1947
ANon-conv
•
40
40
39
39
39
40
40
42%
ANon-conv
deb
3%s
1954
ANon-conv
deb
4s
1955
J-J
ANon-conv
deb
4s
ADebenture
AConv
39%
39%
42
114
32%
53
Seriis
F
4s
39%
39%
41
72
31%
49%
Series
G
4s
6s
1948
J-J
46%
46%
48%
161
37 %
62%
1940
A-0
61
60%
63%
122
49%
78
Series I
1957
M-N
16
15%
16%
35
8%
21
Series
42%
42%
44%
270
36%
55
Gen mtge 5s series
6s
4s
& ref 4%s series of
1927—1967
J-D
1st
cons
N Y Queens El Lt & Pow
Y
gtd 4s
3%s
Rys prior lien 6s stamp
Sieam
For
Corp
1st 3%s_
footnotes
see
page
_
560.
M-S
1955
4s
N Y & Putnam
J-D
1993
1965
1958
—1963
•
Gen
M-N
1992
ref gold 4s
Series
Gen
"
i'
1954
4s
{AN Y Ont & West
N
52
J-J
{AHarlem River & Port Chester—
Y
33
Pittsburgh Cine Chi & St Louis—
Series D 4s guaranteed,
,1945
Series E 3%s gtd gold__„
1949
M-N
'
N
49%
1956
deb
AGeneral
49
1956
§ A Collateral trust
1st
52
31%
certificates 3%s
ADebenture
A 1st
,
31%
48
171
41
A-G
34
31
40%
39
36
41%
M-S
A-0
*102
—
8%
<
L_
—
9
83
4%
4%
4%
42
54%
54%
54%
5
;
*110%
90%
6%
2
41%
102
12%
7
58%
'
M-N
J-J
J-J
__
—
*105
--
■
107%
109% 109%
—,
—
22
110
111%
105
108%
106%
109%
Pitts
Pitts
H
guaranteed gold™_1953
guaranteed
1957
guaranteed 4%s
cons
Steel
1st mtge
Pitts Va &
conv
mtge
4%s A,
4'/as.
4%s series B____
Char 1st 4s gtd,
Pitts & W Va 1st 4%s series A
1st
mtge 4%s series B._
123 %
*123
M-N
J-D
A-O
*123% 126
.V
M-3
J-D
J-D
M-N
1950
1950
1943
1958
1959
.
J-D
series C
1960
116
105
116
100
107%
103
101%
95
102%
101
98%
102%
98%
102 Va
102
*100% 102%
102%
__
106
*
58%
58%
*58%
II
A-O
A-O
123 %
105%
105% 106
J-J
1952
119%
*115%
*115% 117
,,
•
1st mtge 4%s
113 Ve
114
F-A
„1977
series C___
1st
111%
112%
1964
1975
112%
*113%
119%
mtge 5s series B
& Iron
110
F-A
1970
4 Vas
106
*112%
*113
A
Coke
*103
1963
4%s
cons
J
,
*104
\U,
1960
guaranteed 4s
cons
'
M-N
F-A
J-D
M-N
58%
59 Va
U
55
64
53%
4
59%
63%
53%
64
J
tvyiV. //^V.-T.HE
560
COMMERCIAL & FINANCIAL CHRONICLE
YORK BOND RECORD
NEW
Period
G
Ended Aug.
Week
Last
Interest
Exchange
Stork
or
1st
gen
1st
gen 5s series C
4%s series D
1st
5s series B
5s extended
1st
El
to
3%s
1st M
Pwr
98%
98%
1957 ' •
Af-N
t A Providence Terminal
1956
Af-S
& Gas 3%s_
1968
J-J
1.
---1972
'It/.' "
15%
*93%
mtge
1st
&
ref
mtge
5s—
2037
J-J
1st-
&
ref
mtge
8s~
2037
1948
J-J
3%s__
.
100
7Iv-c
',10
91
—
110
—
—
A-O
f deb 5s
.V1
15%
*148%
J-D
1968
Nor 111
ref
&
5s
gold 5s_.
—
__
^ *221%
or
843/4
08
88 %
83%
83%
84%
67%
85%
84
83%
84
67%
85%
110
103%
110%
5s
series
C
——1979
5s
series
D
1980
Pac Ter 5%s A_.
'
1964
Ry 1st ref 4s
Louis
93%
Trenton
West
&
Gas
Elec
&
110
110
69%
69%
71
62%
76
31%
323/4
21%
37%
4s
1st
1st
''l
%88% 100%
1950
98%
gold 4s__1946'
gold 5s
*102%
1949
1953
y
-
*116%
"''p *106
j;
145%
1
4s____1951
1997
1997
J-J
93
I 94
J-J
Rand
1958
1960
4%s series C
& Brass 3%s
Gen mtge
Revere Copper
94
99
78%
95%
78
95%
47
-2' '
105% 105%
82
101 %
3
10311
105%
Af-N
104% 105
2a
101%
104%
100
3s
105%
107%
deb
•'>v:;V
110%
112%
9%
13%
14%
105% 105 %
'
grant
■
,
103
105%
104% 104%
RR—
land
&
100%
104%
.
4s
1947
109
109
109%
41
107%
109%
1970
_
104
103% 104%
20
97%
104%
104% 104%
10
97%
104%
3
106%
110%
105%
107
1971
44%
United Biscuit 3%s
102
58%
42
75
42
C
42
Ref mtge 3%s series A——198u
-
United
98
72%
73 %
1967
1967
1969
1934
1949
1941
4s stpd
$ARut-Canadian
*—
—.
*111%
ISARutland RR 4%s stamped
Facific
1st
102
66
5
101% 101%
Af-N
27
190
124%
—*124%
series H
Gen mtge 3%s series I
Gen mtge 3%s series J
$§AR I Ark & Louis 1st 4%s__
Calif
.*—
35-year 3%s deb
,
—1977
mtge 3%s
Gen
117
—
105
F-A
$§ARio Grande June 1st gtd 5s—1939
1§ARio Grande West 1st gold 4s—1939
A 1st cons & coll trust 4s A
1949
Gas & El 4y2s series D
116'%
*111% 112%
5s.
34-year 3%s deb
105
M-N
104% 105
103 it 103%
(Chic)
debentures.
Union
102% 105%
'
Roch
Va
88%
69
94%
93
94
J-J
deb 3%s
1950
Republic Steel Corp 4V2s series B..1961
Purchase money 1st M conv 5%s 1954
4%s series B
Gen & ref
Remington
—
?{}i
3s
Reading Co Jersey Cent coll
Gen & ref 4%s series A
102%'
149%
37
97
100%
100 £■
91
100%
__
222%
Union Oil of
96%
87%
98%
109% 112%
104% 106%
2;
*§AUnion Elec Ry
97
115
31%
Tri-Cont Corp 5s conv deb A.
111
/„■
101%
1960
1st
& Buff
Ram
Toronto
114% 114%
Jan 1960
ref & impt 3%s__1960
Tol & Ohio Cent
High
84%
ref
20%
January 1
Low
84%
ref
Ave
Range Since
Sold
1977
&
Third
Bonds
High
B
series
Union Electric Co of Mo 3%s.
A-O
Range
Friday's
114%
AAdj income 5s
220
—
112
104% 104%,
—
Last
Sale Price Bid & Asked
106% 108
*106% 108%
112
Week's
"Friday
2000
&
Tex Pac Mo
99%
110
95%
:~2
100
'
ref
Service of
Gen
106%
108%
*112%
M-N
&
Public
& Pacific 1st
Texas
Tol St
1st
Purity Bakeries s
Period
Low
—Vy? *111%
100
-
Interest
'
*110%
$ A Providence Securities 4s___
4s—
90
106
66
99
*106% 107%
1951
3s
119%
••••;¥■•
~
Exchange
Aug. G
Gen
Pressed Steel Car
Public Service El
118%
a
108%
stork
Ended
High
107%
109%
Week
Gen
1977
mortgage 3 %,s
deb 5s
1st
Low
No.
High
York
New
Range Since
January 1
Sold
119% 119%
119%
1977
1960
1950
1960 ;,;
4%s
1st
Portland Gen Elec
Potomac
*108
1948
1962
1974
Young & Ash 1st 4s ser A
Sonds
Friday's
Sale Price Bid & Asked
Low
Pitts
■"BONDS
Week's Range
Friday
BONDS
New York
Monday, August 9, 1943
U
83%
debs
—;_1955
Cigar-Whelan Stores 5s
United Drug
N J
<Del)
Co
RR & Canal
110%
♦107%
1952
5s__.
gen
110
no
—
101% 101 %
103 A
94%
103
98 %
104
101%
1953
102
103 %
1944
4s
102%
50
United
124%
.
States
Steel
Corp-
Serial debentures
—
1.125s
-Nov
1 1943
M-N
2.05s
—May 1 1949
M-N
2.10s
—Nov
M-N
*99%
99%
__
99%
--
II
*109
II
22
•
38%
31
32%
12%
12%
2
9
14%
14
31
'.
108% 109%
74
14
7
9%
15%
1 1949
*101
—
101%
101
101%
*101
—
101%
101
101%
"
2.15s
—May 1 1950
M-N
—Nov
1 1950
M-N
—
—May 1 1952
M-N
—
2.35s
*101%
—
*101%
101%
—
101%
101
101%
*101% 102
101%
102
—
2.40s
-Nov
1 1952
M-N
*101% 102%
101%
101%
2.45s
..May
1 1953
M-N
♦101% 102%
101%
103
2.50s
-Nov
1 1953
M-N
*102% 102%
101%
102%
—May 1 1954
M-N
*101% 102%
101%
2.60s
2d
—
1996
gold 6s
$ASt L Peor & N W 1st gtd
L Pub Serv 1st mtge 5s
5s
44
*102%
91
31
32%
648
19
36%
31%
25
18%
36%
102
_1944
1st 5;
33%
34%
20%
28
1,394
34%
34
19%
96%
39%
78
58
59%
40
42
87%
87%
21
22
22%
25
24%
52
121
3
13
*103
—.
Iron
Coal
1957
series B
3%s
F-A
1953
B
series
& Pwr
1968
of
A Certificates
Coke
1st
♦108%
*108%
M-S
*111
gold 5s__1949
M-3
*87%
F-A
109
Va &
J-J
*93%
1958
A-O
1966
5s
cons
M-3
85
6%
9
of
A Certificates
series
A6s
1935
1935
2%s debs
1954
2%s sinking fund debentures
1st mtge 4s
83 y8
t§ ASilesian-Am Corp coll tr 7s
Simmons Co debentures 4s
Skelly
/•/
1971
1981
44
60%
1991
34
49%
123
124%
gen
A Ref
& gen
41%
27%
50
ARef Si gen
4%
*29%
South
& Nor
1963
30%
Walworth Co 1st mtge is.
13%
29 Va
Warren RR
15
30%
Washington Central Ry 1st 4s—.
Washington Term 1st gtd 3%s
24%
14
36%
31
56%
21%
15%
17 § I
23
29%
1st 40-year
Westchester
29%
Gen
Bell
1962
A-O
3s
Ala
Tel
RR
gtd 5s
Tel 3%s
&
102
102
West Penn
47
1979
Colo Power 6s
Southern
Pacific
A
123 %
103
J-J
(Cent
104
105%
107
123
123%
Western
123%
107%
4s
1st
Gold
Af-S
61
Af-N
10-year
Af-N
J-J
3%s*
secured
Fran
1st 4s
Term
A-O
Pac
RR
ref gtd 4s
1st
J-J
Stamped
Southern
1st
gold 5s_
cons
—1994
J-J
&
Maryland
ref
5 %s
Western
86%
69%
55
60%
53%
66;
60
52%
95%
98%
.
85%
86%
*_.
87%
70%
85
82
92
105% 106%
AT-S
'A-O
I960
J-J
68%
A Certificates
81
Wisconsin Elec
—1996
J-J
99
99
100%
84
100%
Wisconsin
—1951
J-J
112
St Co
conv
deb 6s
106
107%
Coal
Iron
refund
s
&
f
41%
54
*104y8 IO41/2
102%
104%
106 % 107%
104%
gold
105% 105%
104%
cons
101%
Ppf
3s
deb
:-V
__
•'
-1974
1950
120
*103%
—
**
*104%
J-J
F-A
__
*112%
111% 111%
109%
111%
91%
92%
92%
*116%
—
88
;■
92%
100%
101%
114%
100% 101 %
101
115%
52%
54%
20%
21%
of
Power
47%
64%
47%
1949
1st 4s___1936
deposit
60%
14%
26%
15%
deposit
II
23%
110%
112%
108%
103%
101%
103%
95%
100%
*111%
1968
3%s
107
99% 100%
3%s
108% 108%
1971
Youngstown Sheet & Tube—
Conv
103
deb 4s
Deferred
the
92
91%
105%
113
103%
93
105
89
A-O
106%
106% 106%
105%
1965
Af-N
106%
106% 106%
105%
93 %
included in the year's range,
d Ex-interest,
e Odd-lot sale
Under-the-rule sale not included in the year's range,
r Cash
delivery sale not
year's range,
the
n
impaired by maturity.
tThe price represented is the
Accrued interest payable at the exchange
tCompanies reported as being in bankruptcy, receivership,
the Bankruptcy Act,
or
securities
A Bonds
selling flat.
dollar quotation per 200-
rate of $4.8484.
or
reorganized under Section 77 of
assumed by such companies.
♦Friday's bid and asked prices; no sales being
•
not
sale
year's range.
pound unit of bonds.
106%
106%
in
^Negotiability
125
104
110%
J-J
F-A
JJ
1959
**""11
56 Va
104%
103%
1944
_
Company 3s
debentures
4i%
103
106%
•
*103% 103%
IIIIl953
& imnt rntg-e 33/8s
series B
Texarkana & Ft Smith
5%s A
Texas
4s.
/
111%
103%
102%
103% 105
♦106%
1951
5s
30
103% 103%
105%
1961
4s
52
61
107%
1959
RR gen 5s
L 1st
51%
98%
43
68
1107/a
54
a
Gen
55%
102%
108%
112
52
108% 108%
rv>
not included
T«rin
of
Public Service
Included in
Terminal Assn St
53%
>
100
83
103%
♦111
1945
debs
2%s debs
70%
100%
112%
1953
Studebaker Corp
87%
101%
101% 101%
1st mtge s f 3%s series D.
debenture
Superior Oil 3%s
Swift
89%
1961
Stahdard Oil N J deb 3s
2%
A Certificates
98
111%
112%
1st
B
8ASu & Du div & term
101
101% 101%
S
Central 1st 4s
JAWisconsin
87%
52%
70 3/,
89%
82
106%
92
108%
99%
M-S
1966
1958
99%
1972
guaranteed
1949
76%
1964
4s
1st mortgage 3s.
97
1968
86
Wilson & Co
99
4s
68
Wheeling Steel 1st 3%s series B
100%
87%
97
76
Serv
99%
97%
Wheeling & Lake Erie RR 4s.
66
93%
100%
95%
series C
98%
96
J-D
J-J
76
Pub
84
J-D
99%
3s
76
1954
95%
ref
99%
2361
A-O
&
99
Af-N
1951
5s
Registered
A-O
1st
99
1950
gold 4%s_.
West Va Pulp & Paper 3s
; t:
A-O
-aSpokane Internat 1st gold 4%s__2013
Stand Oil of Calif 2%s debs
1966
36%
68%
1956
Southwestern
04%
102
3 6 3/i
69
51%
68
54 7/8
62
100
95%
101%
41
65%
54
—1956
3%s B
64%
62%
J-J
—1956
Tel
63
2361
1st
6%s
Bell
65
63
West Shore
6s
St
84%
62%
96%
gen
Southwestern
74
57
1946
A
101%
gen
gold 5s
Louis Div 1st gold 4s.
ser
M-N
gen
1st
1st 5s
M-3
&
Div
93%
101%
92%
1977
1960
&
Mem
112
110% 112%
1946
gold
&
—
110%
106
100
1952
5s_—
Devel
A
1st 4s
series A
Union Teleg
Devel
series
120 3/»
1083/a
-
Devel
4s
119 3%
3
13.
1951
65
58%
59
100%
106 %
10
2
110
112% 112%
Westinghouse El & Mfg 2%s
58%
'
J- J
Ry
103% 104
110
,*1966.
r"6V ;■ ■■:
Winston-Salem
South
95
—
110% 110%
90
60%
59%
Gold 4%s
72%
87%
63 %
63%
M-S
4%s
San
85%
*82
1977
1968
A__
97
45
-
88
.-
105
119% 119%
1950
A5s assented
103% 105%,
*103% 105
1949
registered
4%s
*..
*104
1963
5s E
3%s series I———,
30-year
4%s (Oregon Lines)
Gold
1945
31
i' i
.
109%
86%
-Aug 1949
3
__
28%
91
15
36%
♦94%
28%
25%;
I-
1967
$ A Western Pacific
109%
105%
V
Co—
coll)
Pac
96%
36%
36%
1945
stpd gtd
1st
Power
25-year
4s
31
30
26%
105%
101%
103%
109% 109%
J-J
1947
debentures
Southern
—
95%
96%
2000
T'"
—
9
26%
1948
guaranteed 4s
Ltg 5s
1st mtge
40
—
108% 108%
109%
263/4
27%
'
«■»* '
—
28%
*27%.-454
—1955
gtd gold 3%s
mtge 3%s
98%
99%
102
106% 107
107
1st ret
28%
30
*103
A-O
South
-1980
14%
1st
J-J
5g series D---
*27%
-1978
18%
104% 105
1964
4,%s series C
25%
101% 102
^
Socony-Vacuum Oil 3s debs
_1976
5s series B
20%
*48%
1950
„
—
14
102
1952
Oil 3s debentures
100
series A
series A
mtge inc 4%s ser B
49%
*20%
-
-
1961
1941
86
110
AGen mtge 4s inc
21
102
Oil
72%
108%
AGen
35
21
certificates*,
B
Union
16
12
106
■--22%
1933
All Fla 6s A ctfs
JASeaboard
Shell
-
85
84%
104
104%
18
22%
deposit
1st gtd 4s
$ § A Atl & Birm
95%
109 y2 no
Wabash RR Co—
28
19%
r
112
86%
104% 109
92
96%
2
103%
23%
18
23%
1945
A
79%
-
109
87%
31
42%
\V
19%
deposit
series
6s
U0%
50%
24%
9%
39%'-"
11
66%
39%
-
—
82
V-46%
'27%
42%
-
108% 108%
—
—
112
1st mtge 3%s__1972
Southwest 1st gtd 5s
2003
&
ARef
42%'
1950
—1950
Oct 1949
1959
'
cons
101%
M-N
-
$ A Wabash Ry ref & gen 5%s A— _1975
A 1st
102%
97%
101%
*124%
•
...
>
117 .17
*103%
«...
1989
5s
§ ARefunding 4s
102%
97%
97%
67
4
767/B
58%
1947
1941
1971
85%
26
96%
41
1952
Adjustment
93%
102
99% 100
99%
102%
102
—
Virginia Pub Serv
39%
19%
f 4s
s
Elec
Va
38%
26
33
Cons
Va
39 %
20
266
33%
Vandalla RR cons g 4s series A
ISeaboard Air Line Ry—
A
103%
98%
1952
unstamped
§A4s gold stamped
102
102
__
83 %
A_-i_1990
§ A 1st gold 4s
102%
101%
•
75%:
70
73
1989
B
—
w
94%
82
Nov 1989
Union Depot 3%s
Paul
78%
Si Light
Virginian Ry 3%s series A—
Schenley Distillers 4s s f deb
Scioto V & N E 1st gtd 4s
,*1017/8
-1951
_1944
Power
1st
Trk 1st 4%s
J§ASt P & K C Sh L gtd 4%s
St
95
33
5s
—
95
33
Paul E Gr
f ASt.
77%
98%
1st cons gold 4s_1968
Paul & Duluth
St
94
82
1978
ref gold 5s series
&
AGen
M-N
Utah
97%
1950
ctfs
§ A 1st term & unifying
-May 1 1955
United Stockyards 4%s w w.
Utah Lt & Trac 1st & ref 5s__.
67
'T* '*A:'
82
of deposit stpd
inc bond
4s
*65%
—
'I
307/s
tSt Louis-Southwestern Ry—
1st
4s bond certificates
A 2d
—
55%
68
v—
M-N
107 %
98%
1950
series A
Certificates
A
*92%
deposit—
of
4%s
ACons M
93
93
1948
series B
5s
Certificates
A
*60
107
-
1959
P 5s stpd
*ASt L-San Fr pr lien 4s A
A Certificates
of deposit
APrior lien
*62%
v'.:j
—.
1 1954
2.65s
107%
1955
St
L Rocky Mt &
—" v;.
--
JSt Louis Iron Mtn & Southern—
A §Riv & G Div 1st gold 4s
1933
A Certificates
of deposit
St
*107
i:—v.
1996
1st gold 5s__
Adir
Lawr &
St
99
107% 107%
107%.
Saguenay Pwr Ltd 1st M 4%s
1960
St Jos & Grand Island 1st 4s——1947
-Nov
transacted during current week.
Volume 158
Number 4201
I
'
THE COMMERCIAL & FINANCIAL CHRONICLE
,
1
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
In
footnote
a
deferred
and
in
the
week
AND
YEARLY
RECORD
delivery sales are disregarded in the week's range unless they are the only transactions of the
week, and
which they occur.
No account is taken of such sales in computing the
range lor the
in
g I
when selling
outside the
regular weekly
range
shown
are
year.
In the
July
31
following extensive list
and -ending
to include every
the
furnish
we
Friday
present
security, whether stock
complete record of the transactions
a
(Aug.
6,
1943).
bond, in which
or
It
any
the New York Curb
on
Exchange for the week beginning on Saturday,
compiled entirely from the daily reports of the Curb
Exchange itself, and is intended
is
dealings have occurred during the current
ft
year.
_
'
STOCKS
Curb Exchange
Week Ended Aug. 6
,
4
Friday
Week's
Last
,
Range
New York
:
Sale Price
Wire Co rnmmnn
;,
Class
B
Air
Investors
Corp
common
Great
4%
7%
800
5%
Jan
9
7%
7%
300
5
Jan
3%
2%
3%
3%
3,800
1%
Feb
8% May
4% May
Alliance
Appliance..
Allied
Intl
2%
ft ft'
2%
85
ft
•
ftft*^.^
1,900
2 3/4
1%
114
Jan
105
July
1
common
Investing $3 conv pfd
(Mich).......
•^ftft'ft
•
•'
ZZ
~1%
27
27
250
May
4%
9
Feb
Jun
7%
28% Mar
23%
Jun
29
.....25
Z-ftft/
Aft--:
6%
preferred
;.
Industries
Aluminium
67o
Ltd
*
........
Goods
Aluminum
109
100
Mfg
114V4
*
■
17%
'
•
92
92
Co
American
Box
—
Board
Co
7%
Cities
Convertible
Class
26%
Mfg
Power
class
&
A
Class B
25
Fork
American
4% %
class A
&
Gas
Hoe
-
'
&
4%
Jan
Jan
2%
%
Jan
400
convertible
12%
Jan
29
62
Jan
92%
53/4 Jan
9%
Jun
36 3A
400
15% Jan
400
15%
23A
3,000
;
41%
433/4
—
24%
263/4
preferred-.
preferred
Laundry
American
6%
1
1
Apr
3/8
Jan
12
36
ft
:
Jan
17%
Mfg
Jan
3/a
Jan
ft-: 28%
Jan
•''■ftft:
18
:
Meter Co—
*
American
Chemical
Republics
American
Anchor
Lft-
Appalachian Elec Pwr 4%%
Common
6%
'
class
A
88
Refining
3/a
Jan
Jan
Jan
57%
Breweries
Electric
American
dep
of
53/4
200
2%
iff
12,900
101/4
350
13%
Jan
Jan
2%
104
Jah
Jan
4
Jan
5
ft ft''
100
2
Jan
5
'
Jan
2%
Jan
15%
9%
ft •: 93/4
10
95
93%
95
17
16
I73/4
130
4 3/a
4%.
1
83/4
30
900
.
Jdn
109%
5%
6%
Canada.
•
.ft;,
^
Jan
Apr
Jan
400
53A
Jan
10
1,100
4%
Jan
•
—
12%
Jan
73/4
,r!
—*
100
Feb
Atlanta
&
Birm
Tel
&
class A
Coast
RR
Co
•
..
pfd__100
•
Atlanta Gas
Light 6%
Atlantic
Coast
Atlantic
Coast
Atlantic
Rayon
5V2
1
50
Co
•—ft.
""
Atlas Corp
1
Corp
1%
warrants
ft. 5%
ft-ft-ft
l'/a
ftft-y;--' :ii%
3,600
.8.
1%
109
a
1%
Atlas
5
Forge common..
Drop
Corp
Automatic
Products
Voting
20
1
Automatic
20
•
Plywcod
(B F)
Avery
6%
Machine
%
9
5
25
1
& Sons common
Collieries
Patoka
21
4%
•
preferred
Ayrshire
__
._
Feb
178
80
i
Mar
111%
Jan
6%
40 %
9
Jan
8%
Feb
200
23/4
3%
Jan
ft: 9%ft
700
4%
\
6
6%
6%
200
Jan
11
Jan
Jan
preferred
Baldwin
Barium
Barlow
$1.20
Basic
Rubber
Beau
Seelig Mig—
convertible A common—.
(L)
common———
1st preferred
Brummel
Beaum:
$1.50
Mills
&
Inc
Blauner's
$3
Apr
Jan
14
July
5%
14'/2
39% July
7% May
3%
128
128
36
com
Ridge Corp common
optional convertible preferred
7 V'a
page
565.
13%
1
2!/8
•
7%
Jan
Jan
42
Jan
Jan
1% July
13 % July
6
Jun
10
~7%
7J/a
7Va
3%
Jan
9% July
13%
14%
10%
Jan
16% Mar
2%
47
2%
47
Jl Jan
37%
Jan
Apr
3
May
50
July
6%
5,300
1%
Jan
Aug
Apr
6% July
Feb
3%
Jan
3
Jan
4
Jun
145
July
\h Jan
145
July
~2>/a "l%
•
,
9%
" •>;
-
..
_
*
115
* 115
10
106%
109
109
10
102
14 V'a
1%
103%
10%
~3% ~3%
3,200
Weather
943/4
*8%
:
$7
"ih
8%
8%
9%
,
Clinchfield
Coal
11%
11%
11%
6%
5%
ftl:
13,900
7%
Jan
7% July
Jan
Jan
7 % May
12% July
150
80
300
64%
Jan
7
150
5%
Jan
100
21%
26
ll3/a
13%
41,700
3%
86%
1,250
51%
73/4
—-
90
85
wt
85
10
11%
Jan
96%.
Jun
Jan
96
Aug
73
Apr
ft- 88
8 %
Feb
8
Jun
Jan
22
July
%
35
I6V4
17%
12%
16%
Apr
1,800
250
33%
*
Jan
5%
.:
12%
6
2
Mar
i
8
25
200
8%
1,900
3%
1,300
51%
300
47% May
Apr
10% July
4
July
55% Feb
770
24
59
400
14
8
49
warrants.:
43/4
;
2%
3
49
1%
Jan
7% July
4
6,600
Jan
5
3%
•
Feb
l'/e
Jan
warrants—
ft
•-.
53
49
51%
100
Southern
v. ft •.v7-
ftft'ftft'. ftftftft- /ftftft eft ,y\
10%
10%
250
extended
4%
to
1946
Secur
Biscuit
P
series
Bait
B
preferred
Consolidated
1
—
20
Jan
32
July :
33a Mar
Jan
22
July
1% Apr
Jan
common
7% Jan
11% July
%
Apr
26%
Jan
200
2%
Jan
1,100
56%
Jan
67
July
Co
1
common
'
preferred
series C
Gas
•
-*
Coke
preferred
4 % %
-
1/64 Jan
1,600
L
Jun
5%
4%
3/4
Consol G E
July
3% July
11%
"i%
"5%
%
$3
14
Mar
8
Apr
July
19% July
Electric—
&
Public
Consolidated
5/4
35
y
7% Jan
100
100
3
3
■
1
&
Jan
May
1% July
28% May
3,100
Water Service
Compo Shoe Machinery—
c
Jun
Jan
13
"lVa
1
£1
preference
Gas
Jun
6%
'
1
193/4
t
Aug
Jan
100
25
V
26
18% May
98% Jun
4%
"7% "7%
~7'/a
Service
Conn
Mar
48
.♦
__
July
% May
76
30
93%
96
96
9
400
8
80
♦
Jun
8
A Jan
4,375
May
84%
Jan
4%
103
S
Jan
3/a
83%
83%
•
Jan
%
■
,*
ordinary
.'
Feb
1% May
10% May
9%
80
•
Arms
9% Mar
Jan
7
1013/4 102
•
Co
Feb
97% July
106
Apr
A Jan
4
T
&
Gas
84% Jan
7% Jan
•
Iron
Fire
Jun
4%
300
Airlines
Patent
114%
80
common
Development
Colorado Fuel &
Colt's
Mfg
Illuminating
preferred
Colonial
:
common
Co
Jan
4%
4%
1
Inc
Utensil
Plow
July
150
10
Corp
Aluminum
Cockshutt
...
July
10
6,000
....•
..
.....
Co
Lambert
20
Jun
Jan
5
preferred
.
Club
700
50c
•
Electric
120
8%
'
♦
City Auto Stamping.
City & Suburban Homes
&
Jan
Jun
8% July
Jan
4
Co
preferred
Clayton
13
18%
6
Strip Co—5
Mining
Lights
Aug
Jan
102
100
5
....
Controller
963/4
8%
100
25
L
109
Jan
2%
400
93/a
.......10
Shalt
&
Aug
114%
9%
—
1
Utilities
115
Feb
15%
Apr
July
Jan
Jan
b'%
500
~3%
•
1
pfd
23% May
49
7%
5,200
10%
1
Co
P
15%
10
,L
Proaucts
West
Cleveland Tractor
.
14
38!/»
7
,1
preferred-100
preferred...^;.......
preferred B
Neon
\
75
,L
preferred BB
Service
: ft 7%
Jan
45
11%
bUc
Mar
45
.1
com
2% May
13% Mar
Jan
6
—
24%
$6
Jun
4% July
Mar.
*
....
100
$6
27%
.22
.,10
...
6,600
*
*
%
Community
Community
%
7
Jan
•
Light
Flexible
Mar
Jan
Jan
l5/a
23%
common
5
Apr
37/a
....100
common.
Columbia
45
U
&
Commonwealth
136
.5
.
Apr
600
2,100
V:
•
*
Metal
July
Jan
5%
5Va
*
South
July
15% July
Jan
7
•/.
Light $7 preferred
Steel
July
3
4% July
Ltd—
& Co—
25
~7%
1
common
6
9% Mar
•
•
Feb
July
35%
36
%
7/a
.1
Fdy & Mach Co
3%
33
•
6% July
1% May
40
115%
•
1
Jan
Apr
Jan
21% Mar
3
100
common
see
5%
14 %
1
common
footnotes
1%
16
20
common
(E W)
For
3%
,4
—
10
common...
Canada
Birdsboro Steel
■.
*
5% Mar
5%
5
1
Colon
—
Convertible preferred
Berkey & Gay Furniture
Blue
Jan
9%
5
Ties
Hedges
Bickfords Inc
Bliss
Jan
%
100
convertible prelerred
Aircraft common.
Tel of
Benson
Jan
3%
1%
1
7/a Jan
2% Feb
'..■—ft-:-
6%
5%
Childs Co preferred
May
29%
—1
common
Steel
Refractories Inc..—1
Bellanca
Bell
Co
ft Jan
8,000
■:
Apr
Cities Service common
Jun
7
&
Baumann
7%
39%
30
Stainless
2% Jan
2,400
—
3%
1
Consolidated
Chiel
.
26
4%
1%
3%
1%
—
31% May
.,1% Jun
25
Alcohol—
Chicago Rivet & Mach
21% May
8
Jun
21
common
Jun
13% May
Apr
25
100
.
A'rcraft
Chicago
Jun
July
5%
&
Cleveland
for
16% May
97
Jan
Apr
1
Chesebrough Mfg
Baldwin Locomotive—
warants
Jan
Jan
9%
5
common,
Ohio
Claude
Wilcox Co.....—.—.*
Mar
10%
3,500
)
Feb
10
82
2,700
150
Jan
1%
u;
Co common
Power
Clark
1%
Corp
Ctiamberlin
;
ft
May
77/a
6%
3 V'a July
.
&
(A M)
£6
Purchase
May
17
1%
Assn
Products
Cities
Babcock
2
Jan
Jan
J an
6/2%
Ltd
common
Cherry-Burrell
Apr
16%
•
*—
143%
12
18
Apr
108% July
Jan
iV Jan
V
Co
Charis Corp
23% July
5% July
Jan
300
14%
93%
3%
:
10
Corp
Co
class A
(J W)
Cessna
2% July
4%,
300
11%
20
preferred
Central
8% July
Jan
5
Jan
July
£1
Products
Co
Central
May
Jan
%
153/4
15%
Aug
4% Juiy
■
15
Jan
A
1,600
;
50o
Central New York Power 5% pfd
Jun
Jan
6
5%
800
9%
5 V4
Jan
Mar
80
'
July
July
50c
pfd
Central Maine Power 7%
Jan
3%
4%
2U0
&
Castle
m
400
...
Feb
l3/4
12
l3/a
9%
1%
Catahn Corp of America
Central Hudson Gas & Elec
May
11,000
:
Jan
l3/4
800
J
-
1%
3%
25a
voting
Casco
ft May
"
Atlas
16
13%
12%
July
16
100
14%
12 V2o
Power
Industries
Carter
Jun
28%
53/4
__
non
City
Carrier
■
preferred.—100
Fisheries
Line
$6
Jun
8
,
69% Feb
—
__
18% July
1,000
ft ft'ft''.
Estate
Carolina Power
July
12% Jan
Apr
y8
33
Jan
2,800
93%
2.50
Insurance
Central
7
ft/'.-ft
'
Jan
14%
11%
4
15
Class B
7
ftlfft-
30%
.
12% Jan
14%
—ft
—
voting
Carnation
10% July
95
Aug
21% July
•
63A
73/4
£1
reg
Capital
Jun
10 3A
12V4
dep rets 5%
preferred
Carman
Jun
Jan
88 Va
75
200
/
May
Apr
May
12% May
Jan
10 % Mar
00
5%
2%
14%
Canadian Marconi
Aug
Jan
1%
8%
;
700
9
6%
-"
97%
A 1%
3,200
18,000
B
7%
Jun
3%
44%
,
5
Industrial
A
Canadian
1
Jan
37/s
s
43/s
~37/e
certificates
Fire
Class
May
1%
8%
108% 1093/4
16
preferred
Cement
Class
Mar
300
-
200
1%
-.ft ft
16
....10
common
pfd
Car & Foundry Ltd—
participating preferred
7%
May
2%
500
12%
«;
Aug
7%
Canauian
17% Juiy
3y8
..
17%
July
Jan
i7ff Feb
I.V
31%
17%
100
2%
.
200
:ft->
31%
—
Am dep rets
Electric
Canadian
IS May
July
3%
3%
ft- ft■' ftft''
Jan
300
:
1,400
700;
__
£
Sullivan
Sugar
Canada
13% July
5 % May
2
3%
'
Jan
13/4
12
12%
5
Associated Laundries of America
Associated Tel
12
£
reg
Ltd—
Tungsten
Camden
Jun
3%
V
:
32
60
4,200
■
4
33/4
Industries—
rects
69%
12
ft
Wireless—
American
Callne
1% July
'
Associated
Associated
lVa
•
trust
California
24 % May
45
5,100
10
Tobacco—
ord
&
$3
&
Caiamba
May
20%
4%
123A
-
3'
Apr
200
10%
Inc
Voting
19% July
26%
9,500
•
Co—
Jan
Feb
23%
ftft-^ft
5,900
1
11%
Hill
Cables
39% May
Jan
•
Art Metal Works common...
&
Jan
80
'''mm—
--ft
Light $7 preferred.'
Corp
1
Equipment
Oil
25
10
13
1%
101
123/4
pfd—100
common..
non-voting
preferred
Ashland
125
%
'ft'.-?
mmmrn
Arkansas Power &
Aro
600
10
Natural Gas
Arkansas
118
17%
Cable Electric Products common
July
3,500
10%
— mm
1
*
_.
28
•
■
2
Angostura-Wupperman
Apex-Elec Mfg Co common
'
i8y2
25%
Co
Burry Biscuit Corp
Butler (PA) common
Jun
35%
v2
•
common
Fence
~8
Jan
:
-ft
5%4
—Vv'
Mar
26 3/a
-
4'/a
Superpower Corp common..•
Post
20%
Jan
2
common
Paper
250
ftftft-'ft
10%
preferred——....—*
$6 series preferred
;
*
American Thread 5%
preferred
5
Writing
27'/a
23
'.ft
•
•
$6
American
23 %
1
'
1st
41
Jan
35
'-ft.
ftft — ftft'•
ft'
10
Seal-Kap
Jan
13%
87% ,87%
•'•IS
•
Potash
33
50
1
1
Co
American
American
•ft
19%
26
■
American
Jan
"7%
118
5
Jun
Juiy
17%
100
&
2
61
~6
118
A
Burma Corp
38% July
19 'A
•
100
common
Maracaibo
12% May
7% Mar
preferred
Burco
6V8 July
275
112
26%
M.ft|;'
•
25
common
Preferred
American
Jan
29% July
93/a
36
■
25
Co
3%
Jun
1,300
'
20
preferred
American
23%
Jan
7,100
Bunker
3% May
Jan
19%
4,600
5
ft ft
25
Mach
Light & Trac
11%
77/a
Jan
2,00?
Buckeye Pipe Line
Buffalo Niagara & East Power— ftftft
$1.60
preferred
i
25
$5
1st
preferred
July
July
3% July
40
Juiy
47% July
Jan
36%
250
■
5
"
va
9,200
16
—ft
—
-
4,700
1%
iy8
15%
"
'
26%
10
-W-
Mar
Brack Silk Mills Ltd
37
Jan
37
■
100
Hard Rubber Co
American
July
42
Jan
Oil
Brown Rubber Co common
Bruce (E L) Co common
Jun
33%
ft-''
'
American
$6
Jun
400
2%
413/a
i'ftC ■'
1
common—10c
convertible
$2.50
Mar
Apr
2
6,500
67
preferred
Brown Forman Distillers
5/a May
'
$2
Class
9
Jan
4%
—
Amer dep rets ord reg...
8% May
3/4
300
33
rets
Jan
3/4
10%
10
Celanese
Feb
2%
21%
ft— ft
common
Brown Fence & Wire
-2% July
Jan
333/4
1%
...
Corp
Mar
32
fftr
"ftft''
:
•
Electric
General
dep
%
200
.200
;
5%
dep rects ord bearer
Am
1
1%
American
British
Mar
108
ft'"ft ft'
ft ft:
2%
10
common
prelerred
American
120
Jan
Jan
203A
%
7%
10
non-voting
Foreign Power warrants
American
Jan
j7«
'
26%
;; 25
333/4
25
1
American
Am
Apr
Jan
ft
5%
July
July
10%
A
British
Light—
A
Cyanamid
l* "
500
|ftft.
:
-'Z
'
7%
1
Class B
American
Apr
115% July
103%
200
V-
7%
■
%
•ft ft
86
1%
7%
10c
preferred^_ii.-~;.^...—prior preferred—
American
10 %
850
ft;-•■ftftftftft'''ft ■•'ftft
1
common
B
Central
17% Aug
Jan
6
-
1%
$5.50
American
Jan
95%
Capital class A common__10o
$3
Jan
13%
ftft
"-•ft
'•
■■
100
American
•
1063/a
800
128
*
'
class
200
,
17'A
ft'jZ
'
preferred.i_.^.-....-..---.-100
Beverage common
1
Common
Jan
9
19%
~6%
preferred
'
common
Book
105%
28% May
\ ft3%
Mar
1,400
113% 114%
ft—.1
•
common
American
American
112
108
82 %
Jan
Jan
3%
A__
American
Apr
6
__
10%
10
Mfg Co
Class
„
..ft:'-"
20%
B
British
•
common
Aluminum
Lgt & Pwr
Feb
46
15% July
11% July
23
5%
:'\-l'.^
—
Class A conv common....
Aluminum Co
.•
r- 'y\
—~
common
class
170
tff-V
Jan
3%
i ;.:: 300
72
;;
io
Aeronautical
Corp
Brlllo
May
24
common
Preferred
Brill
4 :ft- Apr
__
10
Apr
6
•
Bridgeport Gas Light Co
Bridgeport Machine
^
110
Corp
500
:
X9
X70
\.:£V
Traction
Class
zz
•
Products
91%
'
ft-ft''
."■ft' ft
Breeze
July
70
2
Range Since January 1
Low
'
12%
8%
preferred
Brewster
Jan
........lO
...
1st preferred
2d
93% May
Jan
Jan
'ft'r~
--
7%
Brazilian
72
8%
Shares
High
11
Inc
ft May
3% July
102
—
i'k
1st preferred
$5
Low
Co common
Sales
for Week
Range
of Prices
& Co.—
Bowman-Biltmore
ft
Jun
40
(S)
(H C)
Bourjois
3% July
35%
1/64 Mar
'
—
;—100
Jan
Week's
Last
Sale Price
Borne Scrymser Co
July
160
111% 112%
7%
5% May
Jan
700
86
84%
3/4
1 %
27%
300
/• ft?--V'ft
Aft
y
3
50
'ft';'
4Va July
1,100
23/4
'
■ft——'ft
:d*
preferred"
Investment
Allied
4%
:•
aV "-
Inc
Bohack
•7%
......10
Southern
Fisher
&
Apr
7%
2
.....
Allegheny Ludlum Steel— ;;
T/o preferred
Alles
Blumenthal
4%
Friday
Exchange
Aug. 6
Po
Jun
21%
July
Curb
Ended
ft'ftft^
24
•^'ft ■ vftftftft.
50c
...
Alabama Power Co $7
$6
preferred
20
ft
York
Week
High
Feb
1
ft;
Alabama
'
ft
5
•ft: Convertible preferred.....
Warrants
Air-Way Electric
LOW
17
ft
1
Accessories
Range Since January 1
High
1
Ainsworth Mfg common
Air Associates Inc (N J)
Aircraft
Low
New
Shares
■ft.'/ft:
in
,
Supply Mfg class A
STOCKS
for Week
of Prices
Par
Acme
Aero
Sales
,
Utilities-.
100
--ft.
62%
—ft
100
107%
1
4%
1%
l3/4 ft
62%
643/4
118
118
1073/4 109
4ya
4%
% May
-
27%
5%
Jan
Jun
20
111
Jan
121
Jun
40
103%
Jan
110%
Jun
2
Jan
5
Jun
1,600
Monday, August 9,; 1943
■
CHRONICLE
COMMERCIAL & FINANCIAL
THE
562
EXCHANGE
NEW YORK CURB
Ended
Week
6
Aug.
Mining & Smelt Ltd
Retail Stores
Consolidated
Consolidated
preferred
Consolidated Royalty
8%
Steel
Consolidated
Textile
Consol
Oil
Co
7%
Cook Paint & Varnish Co_,
Cooper-Bessemer
Jan
2% May
8%
9%
1,400
5%
Jan
600
3%
Aug
Inc
Corox
& Reynolds
preferred A
Corroon
$6
Cosden
5%
Petroleum
convertible
C
Croft
Co
Brewing
Crowley Milner & Co
Cent
Cork International
A
Co common
convertible preferred—_
Crown Drug
r,c1t
Crystal Oil Refining common
$6 preferred
Cuban Atlantic Sugar
Cuban
Tobacco
Curtis
Lighting
Inc
Curtis Mfg
(Mo)
Co
a'a
Jan
:
800
21%
2% May
Jan
90%!
^ Jan
M Jan
Jun
10"%
"A
Jun
3% May
26%i July
8%
250
8%
.
27%
13%
Jan
V. 100
?
■
5%
Jan
15%
Jan
10% July
July
9
"3%
9
' Jan
H May
1%
Jan
4% July
900
2%
Jan
100
6% Mar
7,500
4%
9
,
,v
aa
4% July
9% July
Jan
19%
1%
Ik
Jan
24
%
Jan
400
1%
1%
2
""%
"18
300
11%
11%
50
6
18.%
19%
10,400
11
—
18%
May
Feb
1%
Apr
Feb
Feb
22%
Feb
1%
15%
3%
Apr
Jun
May
3
July
9
Mar
10
common
Co
.
Mfg
Rapids Varnish
Mfg Co
Great Atlantic & Pacific Tea—
Grand
1%
stock
common
—
—
—
Gypsum Lime & Alabastine
—
—
—
.
July
12%
Jun
Mar
108
Jan
5A May
J an
31
July
July
4% July
Jan
56
Feb
,
.' Jun
29
A;
July
,
Jan
'
5"%
3%
Jan
,A;
8%4 July
27
;
.
Rfar
36^
%, Jan
10
5%. Jan
-400
July
140
127% Mar
200
Apr
85% July
67% Mar
/• 275
.
Jan
3%
500
„
Apr
40
-y
22%
150
7%
4%
Apr
4% May
1%
Jan
102 %
Jan
110 %z July
107 % Mar
200
115%! July
.
,VVV —^
—
_
Jan
g3a
May
.18%!
Jan
5%
Aug
13
..
Jan
1%
7%
7%
4%
— •
*
•
preferred
$6
'
preferred
1st
8 .*
Apr
27
*
831/8 83%
—t
33% 33%
,
A
*
100
Great Northern Paper
25
Greenfield Tap & Die
*
Grocery Stores Products common—25c
Gulf States Utilities $5.50 pfd
•
Non-voting
51% July
Feb
31
29
7
•/
97/a May
Jan
4,100
—
—
98
Jan
96
-
5
Gray
111
Jail
12%
—
28%
July
July
Jan
4%
200
»Ba
A—
July
26%
9%
"
v42
11
6,400
Jun
6% July
4%
100
I.';.;..>0
—
.—
July
112,
:
Jan
: 31
45
—
9 "
—
10
1
common
.
700
15%
—
ft
—V
i
;
Jan
89%
;
•
preferred
$3
Gorhara
-
9'A
1
50
r—-*
Mines
class A
Gorham Inc
Jan
Jan
;A75
■ —
__
76
52%
200
,
Apr
2 % May
p..c.
103%
50
8'A
—] ^
15 V*
14%
•
>
May
Jan
3%
8
*
B
preferred
Goldfield Consolidated
Goodman Mfg Co
$7
July
2
-
% May
%
20
7%
•
class A—.
Godchaux Sugars
■A. Class
30
,
—
—"
Jan
64
220
■
—
8%
—
—
Coal-
Alden
—
.
——i—•
Gladding McBean & Co
Glen
x40
110
—
75
400.
x40 V
111
—
•
•
Preferred
Gilchrist
Apr
2
(AC)
Gilbert
90
,
Jan
300
.
-v;
—
•
•
*
preferred
preferred
$5
i
*
preferred
Georgia Power $6
29% July
11,900
""%
3/4
—A
5
*
2.50
5
A Apr
—
Electric common—1
Water Gas &
$3
•
Apr
7% May
y2% July
A,
.
%
79
35
2%
41
Apr
90Q
85%
25%
26%
10
common
400
V
•
_
Jan
20%
25
common
Jan
2%
--V:vV
convertible preferred
Tire & Rubber 6%
$6
July
15% Mar
Jan
4%
85
—
5
•
25c
(Md)
Petrol
Crown
Crown
8%
1,000
"iVt. ~1%
1%
85 %
-v
*
1
*
Liquidating Co
W
2,000
6%
8
5
Petroleum
Creole
10%
%
receipts (ord reg)—£1
dep
11
37%
Courtaulds Ltd—
American
15% Mar
Jan
5%
5%
1
50
common
preferred
1,900
10%
10%
•
July
97
Jan
76
80
11
Jan
9 %!
9
96
10
:
—
pfd A—100
'
General
July
4
Gen
94%
10
r-
50
*
1
1%
500
2
1
High
Low
61
100
,
70% 72
62
62
11
/ 1%
2
71
72
110
110
—
1
•
General Shareholdings Corp com
10% M xy
3%
Wr
2
96
>
•
•
*
common
preference
Copper Range Co
Cornucopia Gold Mines
$3 prior
General
3%
100
1
•
preferred
prior
General
Jan
107
Jan
3'/4
Continental Gas & Electric Co—
Continental Roll & Steel
7% July
'
Jan
9
—,
•
10c
Corp
3%i
107
100
Public Service $6 preferred—•
Rayon Co A stock
*
Range Since January 1
Shares
High
Low
pfd
Outdoor Adv 6%
General
Sales
for Week
Range V
of Prices
Par
Mar
41
Jan
31
1,100
7V4
6%
6ya
300
38
37
5
1
100
10
6
Aug.
High
LOW
High
Low
Par
1
Range Since January
Shares
of Prices
Ended
Week
Last
Sale Price
Exchange
Curb
York
New
Week's
Friday
STOCKS
Sales
for Week
Range
Last
Sale Price
Exchange
Curb
Week's
Friday
STOCKS
York
New
,.
5%
Jun
7
4% Mar
July
Mar
H
D
1 L;,.
De
Diamond
Shoe
Truck
Dobeckmun
Co
common
common
Bridge Co Ltd
Steel & Coal B—
Dominion
Dominion
Corp
Draper
Driver Harris
class
Hosiery
Durham
B
common
Corp common
Duro Test
Duval
,
Sulphur
Texas
of America B non-vot
3%
100
Hazeltine
Corp__
4%
Jan
1%
50
July
Mar
6%
Hecla
50
62%j
Jan
79%
Jun
100
X8%
Jan
13
Apr
18%
100
18
19 %2
Apr
T?'
100
3%
Jan
4% May
Jan
24
Jun
19% May
30% Mar
10% Mar
26;
10
>''•
5%
8%
8%
9
Jun
10 %2
Aug
3%
Jan
■7
Jun
5%
Jan
21%
500
Jan
200
V:w—•
8
1
•
i"
100
10%!
5%
•
9% May
21 %
Jan
& Co common
(Geo A)
Horinel
200
7%
Jan
9% July
Horn
(A
100
56%
Jan
Horn
& Hardart
Horn
&
200
24
Jan
25
28%!
72
73% July
31% Jun
66
Jan
76
Apr
4
Mar
3
July
72
2%
Jan
700
1%
Jan
200
8
Jan
'***.'.■
2%
2%
10
9%
11% Apr
Co common
C)
Baking Co—;
Hardart
preferred
6%
Hubbell
Inc
Refining
Fibre Corp
(Harvey)
Humble"' Oil
&
Hummel-Ross
Ligonier
Hussmann
Co
1st preferred
Hydro-Electric Securities
Hygrade Food Products
Picher Lead
& Fuel Assoc common
Eagle
East
*
""lOO
prior preferred—
4%%
6%
Malleable
Eastern
States
25
Iron
$6
preferred series B
Sugar Associates—
13% May
2,300
It
Jan
42
Jan
59%
19%
Jan
38%
20
Jan
26
600
«
vv
"
23%
23%
23%
24%
36%
3
%
Jan
V 1%
May
300
10%
Jon
30
July
•
150
10% Jan
300
31%
Jan
2%
Jan
•
B
7;V*
V^J; VVv
y.:*w
•
5%
297/e July
Electric
Grocery Stores
Bond & Share common
r
,
Div
•
$5
$6
preferred
preferred
.
•
■
•*.
9% May
1,100
42
Jan
75% July
43%
Jan
79% July
11,300
44
52
2,400
—15
Mfg
—.4
Derrick
&
Equipment
Eureka
29%
125
7%
2,500
7
94
39%
9%
4%
V; 4%
4%
Mar
Jun
96
Feb
29
1
914
6%
100
Jan
Jan
;
A
12% May
1% July
4,700
925
22%
Jan
700
2%
Jan
50
25%
Jan
33% July
Jan
17% May
16
.
7
500
May
35
5%
Jun
Florida
Power
Am
Ford
7%
J8n
1%
Jan
11%
400
19
19%
3,000
5V2
200
$7
pre/erred
9
_
of North America
International Cigar MachineInternational Hydro Electric—
Preferred $3.50 series—
Co
International
International
Int Minerals
International
101%
of
reg
A
•
voting
19%
dep
Worth
rets bearer
Stock Yards
Jan
3%
Jan
6
May
.
Jan
20%
Apr
Jan
22
—5
3
1
~3
"3
18
2,900
17%
16
20
19%
20
1,300
—1
13
250
12%
13
40%
40%
100
60%
61
100
(Geo A) Co
stock
77
77%
•
—
preferred
—'
Jan
10Ve
Feb
25
Jaii
34
Jun
Mar
4%4
Jun
Mar
105
27%
Apr
175
23%
Feb
115%
115
: v 20
108%
Apr
250
14%
Jan
20%
Jun
Jan
78
Apr
18
188/i
69%
18%
70
Apr
•
26%
26%
26%
71
1,300
60
4%
4%
400
3
7%
500
6%
Apr
1%
1%
2,600
JfM A
Jan
A 115% Aug
Jan
6%
„
5%4 Mar
V
;,!■
8% July
2
Apr
8
i,
>-
Jan
i
22%!
Jun
1
Jan
5.
4%
Jun
3%
Jan
9%!
Jun
4%
Jun
8'A
200
3%
1,200
1
Jan
36%
8%
2%
3 :
35%
•
35
.
1,100
25
Jan
38% July
3
Jan
8% May
9%
Jan
6%
6
• 6
.12%
"
3,300'"
650
12%
12%
A
:
15%! July
9%
Jan
15 % July
10%
9%
Jan
10% July
24
300
16%
Jan
24
110%
110
91
Jan
110% Aug
33%
140
20
Feb
38 % July
35 ¥4
50
20%
Jan
1,500
%
Jan
1% July
30
1%
32%
125
15%
Jan
38%i July
si
82
550
69%
Feb
86
15.
15%
700
12 %8
Jan
16%i
1,200
2%
Jan
11 % May
%
Jan
8%
Jan
,10%
-
X23
109
100
1
-100
10
*
.
1%
1%
.32 A
81 .
15.
,
•
•
-
7%
8%
.
.3%
3%
• *
preferred
:
A
!■:
9
600
3%
400
"5;
"8%
18%
19"
"7%
81A
18%
~7%
200
1 %
10
1
8
Aug
13% Jan
200
5,200
Jan
14
—
1
1
6%
Jan
% Mar
Aug
'40
July
July
5
Jun
May
14%! July
10%
July
21% July
21
July
9%
Jun
1% May
July
12
17
17-
43%
19 % July
32
Jan
43 % July
July
3%
Feb
24%
Jun
1%
Jan
4%
Apr
200
18%
8%
1%
200
3%
A
%
Feb
14%
Jan
21
100
7%
Jan
10%
1%
600
%
Jan
%
19
Jan
A July
600
275
8%
V2
A
--
8-'i
-1
*
Jan
,
3%
.
Jan
21%
A
42%
1
Jan
A
7%
200
9
%
--
3%
1,400
v' A" 50
2
8%
U
ctfs—*
.:
A
13%
13%
*
*
Royalty..
:
Mfg voting trust
Air Chute——;
Jan
100
35
.
*
*
1
preferred
pnot* preferred
Interstate Home Equipment
Interstate Hosiery Mills
$3.50
Iron Fireman
Apr
7% July
100
1,700
13%
.13
13%
13%
50
$1.75
Interstate Power $7
16"%
,32
.
*
Italian Superpower
A
33% July
2% Jan
11% Mar
400
.15
participating preferred
6%
July
Apr
2
Jun
July
23% May
.
3
1,600
Jun
Jan
Mar
15
/
1,300
9%
■;'
12%
—1
27'A
32%! July
17%
;„
•
•
Jun
1% Mar
900
__
Co
convertible
15%
16%
191%
——
conv
4%
101% July
81%
*
Brewing Co
Distilling.^
Froedtert Grain & Malt common...
$3
Jun
70% July
325
of France—
(Peter)
Fuller
6%
Jan
2,000
..
Conv
July
July
5%
19
Jun
Jun
Jan
3% May
Industries Inc—I
1
Metal Industries A
•
& Chem Corp warrants—
Petroleum coupon shs„•
shares..:
*
Products —
10
B
Class
Irving
non-voting
B
Fox
13
24
Jan
Canada—
Class
Franklin
Jan
3%
99% 101%
5%
_£1
15%
15%
103 % Mar
£1
•
*
5
&
:
International Safety Razor B
International Utility class A
Investors
Class
Ford Motor
Amer
Mar
Co Ltd—
Motor
Fort
3
57%
5
5
& Light
10% Mar
Jan
7%
10
.10
(Phila)
rets ord
dep
1,600
4,000
19%
Mfg Co
Motor
Ford
*
Metallurgical
Association
Fire
8%
2%
„1
Brewing.
Fansteel
7%
2%
11%
1
Engine & Airplane
Falstaff
Fedders
7%
2%
Aviation
1—
preferred
Insurance
Registered
Fairchild
21
24%!
11%
200
8%
£1
■
International
Falrchild
100
Jan
May
14%
5% Mar
preferred
7
1%
July
lVa
Chemical Industries—
dep rets regis—!
Industrial Finance v t c common
May
40
4%
14
13
•»«•
100
32
32
50
.
common
31
•
14% July
29%!
•
Ireland
9% May
Jan
88
July
30%
Jan
32%
1%
1%
32%
1
Jun
27 SA July
Jan
21
9%
Indianapolis P & L 5%% preferred_100
Indiana Service 6% preferred
1D0
'
1—5
9>A
Jan
Jan
21;
25%
26
—.—
Co
(Can) coupon——
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
July
9
Feb
5%
26
20
93%
'
1
Pipe Line common
:
39%
V
:
•
,
Inc
29%
'v.'-*..
•
7%
.100
Inc
Eversharp
•'
..10c
Equity Corp common
$3 convertible preferred
Esquire
■
"
6% pfd
Empire Power participating stock.
Empire District Electric
Emsco
Zinc
Imperial Oil
2% May
Jan
32
Vv'V'V/ .!"
Watch Co
Electric
1%
62
Jan
7
800
%
1
Corp
Elgin National
Emerson
74
Am
13% July
Jan
47
Electrographic
6%
Apr
78
1
11% May
14%
.
Imperial
Jun
2
76%
warrants
Option
72%
■
~
7%
77%
*
2d pfd A
Power & Light
Electric
6%
7
Apr
12
— w
—~
5
42
79,700
•
Economy
Jan
7%
21
•
50
Iowa Power tTn.
convertible preierred—
arrear certificates
Illinois
Illinois
$5
Apr
ll%i May
Apr
700
.%•
25%
37
—1
July
7%
Jan
Jun
Eastern
preferred v t c
Easy Washing Machine
for
c
46
Jan
Jan
22%!
—
.
May
4% May
QVa
6
100
9
y
July
675
56
ViV *■
23%
■!:
100
9
6
X33 %4 May
2% May
n
*
preferred series A
Jan
35
33%
IV; "vw
*
Corp
$7
7%
2%
55%
56
34%
preferred
Eastern
3,800
2%
2%
Gas
11%
11
10%
9
—
:
»
9
600
10%
9%
Jan
31
■
10
10%
Jan
2%» May
Jan
A 4%
2,800
6%
6%
Jan
1%
105
43,
42
•
5
t
May
1 %
100
1
V
11
3%
1
Huyler's common
10
29%
6%
5
•
*
•
1
•
*
;—100
-5
•
5
*
Inc
Horder's
2
19%
100
—
5
Consolidated G M
Holophane Co common
300'
3%
2.50
10
Hollinger
2%
29%
*
A
Heyden Chemical common
Hoe (R) & Co class A
8%
28
9%
Henry Holt & Co participating
Hewitt Rubber common
May
Jan
300
3%
2
25
:
common
73%!
8%
73
__
A
Co
1%
2
10% Mar
2
200
10 %2
1% Mar
Jan
%
14%
1,500
'••■v''
——
Class
Heller
Preferred
19
26
__
Mar
Rubenstein
Helena
50
■fit
200
48
25
Jan
42
1%
5
50
25c
•
*
preferred
.A'
48
_*
Dept Stores common
Hearn
Jun
17% Feb
10
25
1
J
com__1
Mining Co
12 Va
I-
Co
convertible
5% July
Jan
70
3%
ctfs
voting trust
Rayon
Brewing
111
Feb
1%
Jun
Hartford
72
Jan
110
2,000
4%
18%
10
*
•
,1
•
Co
Duke Power Co
Hat Corp
18%
•
1
1
•
25
*
common
Divco-Twin
Harvard
Jun
12%
10
7%
Apr
5%
70
•
—
preferred—
Steel Products
Jun
33
Jan
.
Vilbiss Co common
Co common
Mich Stove
Detroit
19%i
Jan
•
1
1
10
10
Foundry
Gray Iron
Detroit
Jan
3%
-
20
Detroit
11%
24%!
4
•
1
preferred—
6%
150
110
200
—: :
•
Gasket & Mfg
Detroit
Electric Light
3%
100
:
debenture
Hartford
July
5%
16%
—
1
50
preferred
$6 prior
8%
Derby Oil & Refining Corp com
A convertible preferred
19
Jan
4%
100
5
.
-
Paper
32 %
—
5
Dejay Stores
Deunison Mfg class A common
Hammermill
5%
16
32
16
35
convertible
Class A
18% July
Jan
15
„
Co
Lamp
Jan
8%a
800
17
16%
0
•
1
Petroleum common—
Davenport Hosiery Mills
Dayton Rubber Mfg
Darby
Hall
Aug
Jan
15
29
Jan
44
Apr
6%
45
Jan
64
July
n%
10
•
9
^
400
4%
Aug
6
4,400
2%
Jan
6V2
2'4
500
1
Jan
2%
.150
66
Jan
85
20.
69 %
Jan
92%! July
60.
79
Jan
13%
Jan
Jan
123
May
Jan
40
July
100
6%
Jan
10
450
5%
Jan
47
40
July
19%
.
2
4%
2-
"5
5V«
20%
v.
Co__—
22% July
Jan
(F L)
5-
1
Aircraft Engine Co.
'
4%
115%!
Jacobs
jacoos
100
"
75
175
4% Mar
18
Mar
preferred—
preferred
821/4
.100
:
85
91%
-
91%
;/100
.100
•
■
'.r
-
17%
100
.
17%
100
100
Jun
Jun
Aug
July
17% May
K
Gatineau
5%
Power
Co
preferred
Gellman
Amer dep
Gen
Fireproofing
&
For
Jan
82% July
Jan
1
600
%
2%
Jan
1% May
Jun
Elec
$6
3%
common
see
3%
3%
100
14%
page
I
565.
Jan
13% July
2
Jan
4% May
7%
1
common
preferred B
footnotes
9%
£
reg
preferred series A
Gas
300
1
68%
Co Ltd—
rets ord
General Finance Corp
General
1 *8
1
Alloys Co
Gen Electric
70
1 %
Mfg Co common
General
5%
7% Mar
common
15
300
95
95
10
Feb
13%
Jan
90
Apr
8% July
16%
107
Apr
Mar
Kansas Gas & Elec
Keith
(Geo E)
7%
preferred—100
Co—
preferred
Kennedy's Inc
7%
1st
►—
Ken-Rad Tube & Lamp
Kings
5%
Co Lighting
7%
preferred D__
Kingston
Products
Kirby Petroleum—!
A
pfd B
100
8
*
100
-100
1
—-1
8%
)0
47
1%
9%
45
8V2
1%
3,700
4%
4%
200
Apr
July
Jan
50
Jun
37
May
1%
Jan
4
Jun
1%
Jan
5% July
45
32
"3%
8% July
14%
Volume 158
Number 4201
"
THE COMMERCIAL
& FINANCIAL CHRONICLE
563
—i
NEW YORK CURB EXCHANGE
STOCKS
New
York
Week
Curb
Aug.
Last
6
■/■/.'■;''
Low
Par
1
Klein
•"
(D Emil) Co common
Kleinert (I B) Rubber Co
Knott Corp common
Kobacker Stores Inc
'!
4%
convertible
(S H)
1st
IA
Apr
Navarro
13%
7%
.
Apr
14%
Jun
Nebraska Power 7%
Apr
10%
Aug
Nehi Corp 1st pfd
Nelson
(Herman)
100
100
'1
4'A
Jan
10
310
Jan
10
Oil
Co
preferred
100
69 '
10
13%
13%
100
1
5%
6%
1,500
69
July
12'A Mar
4%
(N J)
12%
—1
Lamson
Corp of Delaware
Lane Bryant 1% preferred
Lane Wells Co
29
12%
1
Lakey Foundry & Machine
>. 30
29
100
3
t- -1
5
'
;
.
*
400
13%
$ v.: 3
'
4%
100
37/a
100
7% Mar
4%
100
1%
Jan
1
Jan
5% May
1,300
25%
Jan
9%
Jan
53% July
17% Jun
July
England
Haven
Tel
10%
21
21
100
N
Apr
N
Y
Mar
N
Y
Feb
N
Y
4'A
6
Feb
6%
w
<
101
Jan
preferred
Y
'
11%
Line
7%
12ya
"_7%
6%
%
%
(R G) Inc
1
"
21
t
Jun
5% Mar
Co
5
11
X29
24%
.
10%. 11%
700
Brothers
Locke
Steel
*
common
Chain
Long Island Lighting
6%
Louisiana
Power &
Land
&
100
Exploration
42
N
Water
Y
5%
1st
Class
A
Class
Class
A
common.
Jan
9%
Apr
10
Apr
Nineteen Hundred
7%
7%
27%
»
iV Jan:
3,700
26%
800
Jan
Jan
2'% May
Jun
53 Va
Jan
18'/a
Nipissing
July
48 % July
9%= July
5y« Jan
103
4
July
Jan
31
Feb
—
2%
Jan
A
18
luu
120
18%
17
500
108% 109
340
2%
2%
75'A
2%
75'A
'
16'A July
Jan
1%
A
A
Class
B
3'A
91
50
.
l'A
4
%
%
600
■
Mangel
$5
convertible
preferred
(The B) Co
Manischewitz
Mapes
Consolidated
Marconi
Mfg
5
2,300
%
2%
Jan
5
57
Jun
Northern Central Texas Oil
North Penn RR Co..
;
Nor Indiana
July
Jan
90
Jun
Jan
35
7%
Marine
26
„
2
•
24
Marion
*
5
Northern
Massey Harris
22%
Johnson
&
Mercantile
Stores
Merchants
&
B
Jan
,4
11
Jan
23%
A
Jan
2
Apr
Brass
8%
Jun
Ohio
Edison
3
47% May
13% May
Ohio
2,100
7%
400
3
3y8
11
11
11
138
138
4% Jan
500
140
ti
common
*
l'A
130
3%
3%,
6 Va
Jan
125
200
6
Jan
8 i;
200
300
Jan
2%
*
common—
6%
*
28
>•••••;
26%
28
•
;
preferred-
6%
Jan
225
19
5'A
6'A
5
Jan
Corp
Participating preferred
Metropolitan Edison $6 preferred
1%
%
%
100
1
%
Co
Mid-West
Jan
Midwest
Piping
Mid-West
Jan
%
Jan
6 %
6%
July
5%
300
6%
1,100
x3%
Jan
1%
1,200
%
Jan
2
8%8%
4,700
4%
Jan
9'A
9%
Pacific
Apr
Mar
Feb
8%
6%
'.
't
1%
400
4% Mar
v
8
Mining & Mfg
7%
28
56%
100
,
2
350
50
Jan
90
Jun
96
50
8'A
10%
h-* O O
200
1,000
11%
30li
3%
/ 2%
110%
Jan
Jan
3,200
4%
17
.
172 %
'
470 '
/,;/■'24%
24%
29%
,
2
5%
5%
275
;
4
liy*
—2%
*
„
Jan
11
11%"
,4'-
Jan
"2%
6%
Jan
Jan
61
—
61
10
4%
15'A
X
Apr
Jan
57
Traffic
Water
National
Candy Co
National City
$3
National
Apr
69% Mar
National
Refining
National
Rubber
National
,
Steel
(Del)
1
common,
Light $6 pfd
11%
4
*
6%
10%
10%
znzi*
Ltd
Mines
15%
Jan
2
May
18
50
ZZZZ10
•
see
page
565.
500
Mar
-
15%
•
-
13%
1,000
11%
7,000
,4
6%
11%
44%
29
Feb
Jun
July
July
14% July
Jan
-*■
•
12
Apr
4% July
;
16%
17'A
1%
__
:
l'/a
,
3
13
1%
3%
A
Co
_
common
Packing
Securities
pfd.
Jan
Jan
Jun
9% July
6%
Apr
23% May
700
9%
Jan
19% July
28
17%
■r
4%
4%
Jan
28%
Jan
36
July
32% Mar
31
Apr
32%
X'/'v
25
•
•
Jan
63%
Jan
38
%
Jan
99%
91%
:
93
280
y>
1%. Apr
Jan
74%
Jan
95
Jun
Jan
173
July
150
100
% Mar
'X''.
64%
•
64%
117% 120
■'
Jun
July
76
70
100
171% 173
':
July
44
1,500
3/4
97%
91%
18
27%
.
%
Jan
■"«.«.
■
_
Jan
9%
v''f yi;
62%
62%
Apr
4% Mar
3%
18,900
i*;;
Governor
"5%
1
25
8%
SfM
¥
Co
common
.
July
%
Jun
2%
-
Jun
3
July
51'/a
"■44*'"
800
Jan
69
July
Jan
104
200
34
23%
9
122
July
Jan
34
Jun
4
Jan
7
Jun
5
Jan
9% July
23%
Gold
Mines
Pitney-Bowes
\
Pitts
Eess
L
&
Ltd
Postage
E
Meter.
RR
"1%
J
•
■
,
y
July
75
31%
Feb
500
7
27%
4%
Jan
15,000
8%
Jan
30
8'/a
Jan
13'A
Jun
Apr
—
Pioneer
21%
,
300
700
34
6%
1
"5%
common
A '
'
34
9'/a
Jun
July
~I%
1%
7,300
l'/a
Jan
2%
7
7%
400
6
Jan
7%
Jun
Jun
50
41
39
41
75
38
Jan
42'/a
Pittsburgh & Lake Erie...'
50
58
58
60
790
47%
Jan
65'/a July
i
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
10'/a
Jan
i 14% Jun
25
94
94
94
200
84%
Jan
100
2%
Jan
97% July
4% Jun
8%
Jail
13% July
12'A Mar
14% July
1% May
Inc
common
Scale
common
Powdrell
&
10
1
3%
37/»
7.50
1Q
"%
5
Alexander
5
*
Mining
•
8 7/a
1,900
3%
Feb
9%
Jun
6%
100
4%
Jan
7
Apr
Jan
x9
Jun
1
Inc
A
8%
•
Premier
5,400
Jan
5%
8%
"~7/»
6%
25c
Power Corp of Canada
Pratt & Lambert Co
Gold
Prentice-Hall
common
Pressed
Metals
of
America
27%
27%
50
n
42
43
""'A
"%
""%
20
Corp of Nevada
Prosperity Co class B
53
9%
Jan
21
July
May
7
Jan
8%
Apr
11
Jan
137/s
Apr
2%
Feb
Puget Sound Pulp & Timber
Pyle-National Co common
4%
Apr
Pvrene
of
'/a
30% July
Feb
Jan
Jun
34
3% Jan
1
I
8
7%
8
43
Aug
7% July
Jan
'/a May
4
Mar
8'/a July
Jun
8% Mar
A
150
300
Gas
Public Service
Jan
19
3,700
%
43
7
Producers
Feb
Jan
3%
v.r
4%
*
July
May
%
July
5%
'
100
Rubber
May
1,200
86
«i*'
•
7
.
July
Jan
6% Mar
:
2.50
Power Co
13
1% July
Xl9
20
common
Jan
1,000
Feb
14
—
50
Co
&
23,400
''Xw'ZvA y
17%
95% July
Jan
15%
—
\
Jan
Jan
3%
72%
7%
7%
1
com
Jan
400
'
33% July
108'/a Jun
73
'
—
'
.
36% July
Jan
102%
100
—
_•
6% Jan
600
18
13% May
Jan
28%
40
—
Jan
31
50
92'A-
1
3%
102
108'%
18
1
87%
—'* '
Jun
200
25
90
'
12'/a
7'/a
■
500
40
Jan
1,400
92
•
Phillips
Providence
1,600
Jun
3'/a
32%
108
7%
54
Jan
8%
2% Mar
Jun
28% July
37% Aug
Jan
9
500
''
•
ZZZ30C
Radio
footnotes
A
'
13
&
,
100% b-* O O N?
~6%
•
National Transit
For
13'
—
*
Sugar Refining..
National Tea 5%% preferred
Union
13%
11%
•
common
National
Tunnel
26
Z:
Machinery
Car
National
37%
25
•
&
National
37%
,
Gas
Power
12,300
Jan
■
common
Mfg & Stores
National
1%. 5
10
Feb
8
35%:
•
10%
Jan
25
preferred
Container
National Fuel
National
1%
500
May
8
Jan
35
108
•
Polaris Mining Co
Potrero Sugar common
'
•
*
Lines
convertible
1%
1
common
common
14%
117
Jun
32%
*
:
Co
Mfg
Pneumatic
14%
Feb
3%
8%
35%
100
common
Electric Power 5%
Pierce
14% Mar
N
*
A
Mills
Light $7 preferred
Mfg
Sugar Prop
Plough
NachmanrSprlngffiled.
Apr
55% July
100
1
A
Phoenix
July
Jun
Salt
Phila
18% July
129
Jan
10%
19%
Jan
7
•
Corp
&
Power
Philadelphia Co
Apr
:■■■'
12
Jan
250
—
Mar
Jan
--
Jun
100
Jan
16%
48
1,500
53%
Jun
■
i
Hess
common
preferred
Pharis Tire &
33% July.
4%
150
,
July
•
Elec class
Pepperell
22% July
.
preferred
Penn
Jun
13%
' _i.
1
V
Aug
112
18'A
__
.*
Telephone
Penn
7% May
180
20 % Jan
9
114
17
25
preferred
Plymouth
Penn
1% May
Jan
"l%
.
115'/a
Jan
103% Mar
53
__
Co....a.—..1Q
Penn
Jun
112%
—
Jan
107
110
17
•
23
Motors
$6
July
1,000
t'.
■
*
22'A May
Jun
8'/a
15
Jun
102%
106%
•
1st pfd
Service
Penn
Aug
July
2,500
6%
r.
100
Breweries
6%
$2.80 series preferred
21'A May
Jan
Apr
21%
--
Jan
20
100
•
common
Elec
Penn Gas &
v
~2
2
5%
163
Jan
50
108% 109%
Pennsylvania Edison Co $5 series pfd_*
Aug
13
Jan
1% Mar
"
„
172% 174
•
•
100
*—.—.
preferred
National Bellas
113'/a 114
'
8'A July
'
common
National
112% 113'A
5%
17'/a
91
10
»
Pennroad Corp common
Penn Cent Airlines common
Aug
12 '/8
Jan
%
'^±:Y4
'
Co
1st
$1.40
'
•
*
Mountain States Tel & Tel.*:
Muskogee
Jan
5%
8
4,000
17%
%
17
■:
5c
common
Murray Ohio Mfg Co
Muskegon Piston Ring
112%
50
preferred
Patchogue
59'A Mar
30
11%
150
5
common
Parkersburg Rig & Reel
Mar
Apr
10
common
Mountain, States. Power
Co
Peninsular
2% July
1
8%
Vir''
_•
Producers
X19
.
1% Jan
300
:
2% /Jan
4,400
20
113%
Panteptc Oil of Venezuela Am shs
■
*
Moody Investors partic pfd
Mtge Bank of Col Am shs
Jan
800
57
3%
20
1C0*
Paramount
Jun
2
96
:—10
Ward A—
Heat & Power
14
/
8%
2%
11
1
s
•■.vf'".'
*
110% 110%
'
City Copper
27% May
1
Page-Hersey Tubes
Apr
*
1
Mountain
2'/2
Jan
'
*
A
Utilities
8% May
Jan
r'V'A
Public
$1.30
Apr
Jan
6%
55%
2.50
common..
Mountain
35%
1%
300
95%
Monogram
Dakota
Jan
400
8%
2
17 Ya
Montreal Light
25%
2
2%
2
*
Montgomery
400
•
Monarch Machine Tool
Montana
29%
'
100
common
Society
Jan
16%
__
July
1%
•
3%
20
100
Filters B
&
1st
Pacific
Jun
8'/a
" **
:
—*
;
pfd
Service common.
Pictures
21
——
11
Loan
15%' Jan
'
1
Monroe
150
*
Mississippi River. Power 6 % pfd;
Voehringer
Molybdenum Corp..
21
"
—*
Minnesota Pwr.A Light
Missouri Public
pfd
Lighting $5 preferred
Power & Light 1% pfd
Pacific
6% July
Jun
20%
1
—:
Mock Jud
Can
5% %
8 Va
*
Mining Corp of Canada.;
Minnesota
Jun
4%
300
100% 100%
"A
Pacific
1% May
7% Mar
6%.
~1%
10
Supply
&
110
1,700
26
100%
Securities
Pacific Gas
Apr
6 Va
50
.
—
Refineries
102 y4 Mar
__
6'/a
102% July
Jun
5%-
•
—
Co.
6'A
25
3%
*
Parker Pen
common
Oil
6%
25
1
••
111% jJuly
7/a Mar
Jan
3,500
preferred..*
Abrasive
Midwest
Jun
Jan
37/a July
31 Va Mar
6%
5
common.—
1
Overseas
Feb
5%
1
:
$2 non-cum dividend shares
Midvale
6
82
10
"
..
25
1C0
1st
Omar Inc
Midland Steel Products—
6%
Public
preferred
$5'/a conv prior preferred
lVa May
2%
Apr
i«
4%
*
t c__
Midland Oil Corp $2 conv
100'A 100'A
*
$3.
Apr
108,.
Jan
28
2.50
•——
,•
1% Mar
108
___10
Corp
100
1
Preferred
West
7,200
*
Micromatic Hone Corp
1.
Middle States Petroleum class A vt c_l
v
2%
3%
15
Michigan Steel Tube
Class B
1%
3%
25c
Michigan Bumper Corp
Jan
common
Oklahoma Natural Gas
May
8%
B
Service 7%
1st preferred
Oilstocks Ltd common
Jun
28
class
$6
6%
July
6% May
Jan
2,700
Co
preferred
Ohio Power 4%% preferred
39
98% Jan
1
Michigan Sugar Co
pfd.100
class A__
Apr
Feb
:/;*a:
100
Power
Mar
1%
4
500
July
53
Feb
O
July.
4%
Jan
2
100
Textile
Middle
147
Jan
21
1
preferred
Messabi Iron Co
Metal
4%
34
Feb
V*
300
..50
...4
i*6
1%
%
6%%
6%
%
4%
Aug
6% May
7%
7%
*
Scott
..
Ogden Corp common
Jan
*
Chapman &
A
Jan
51'A
__
A
Mat
•
3'A
Oliver United
Merritt
__
24
150
900
*
Manufacturers class A
Participating
July
22'A
•
5
18
*
Co
Memphis Natural Gas
34'
700
Corp
24
5
1
,
Radiator & Mfg
McWilliams Dredging
Mead
t c
common
McCord
Public Service
States
Ohio
Steam Shovel
v
July
Jan
29%
% May
Com¬
Margay Oil Corp
Mass Utilities Association
79
29
5
preferred
Novadel-Agene
*
Jan
29
Jun
•
Ltd
Co
Jan
2%
•
Co.
International
munication
4%
1
Jan
Jan
200
50
Apr
9'A July
1% May
4% Jun
3tt»
72
Utility Securities——•
12%
•„
3'A
69
*
:
prior preferred
.
Stores
Jan
Feb
52'A
18,300'
69
*
Rayon class A
A
U May
6'/a May
103% Feb
Jan
8'A May
100
4%.
'/a
%
Jan
8%
3,200
83% July
76% July
Jan
% July
Jan
200
10%
1%
Jan
*
common
July
July
23
May
109% May
58% May
3% Jun
Jan
1/128
..
6%
2
Ja'n
14,700
5
10
._
Light & Power common*.!
260
■
1%
Jan
54
525
101% 103
10%
.A
..1
preferred
North American
M
1%
105
42
5
__
♦
1
5
North American
Manati Sugar optional warrants
Fob
29% May
$6
13% July
112
102'/a
22,000
76
'/a
_A
.....100
:
24% May
Jan
93%
:—
%
5
Corp B
Electric....
102
Jun
Jun
4% May
8% May
Jan
36%
1/64
Mines
North Amer
109 % July
Jan
Noma
99%. 101
warrants
preferred
9
Feb
40
,
AA
100
Niles-Bement-Pond
2%
7%
Jan
2%
28
—
100
optional warrants
Niagara Share class B common
6%
20
l'A
700
200
108
16Va
;.
optional
1,900
;
68'A Mar
22% *22%
108%
B
1,900
"
5
common
Jun
23% July
1%
27%
1.
_
Louisiana Power & Light: $6 pfd
12%
Jan
.101;!
100
preferred
8%
1,125
Jan
"
1
pfd
preferred
2d
.
!
Service 6%
Niagara Hudson Power
32% July
•
$5.10 pfd.100
N Y State Electric & Gas
93/s May
% May
16%
42%
21%
57%
10'A Mar
.
a'a
107% May
Jan
Jan
..
107
May
4%
3%.
..
108
Jun
5 %
13'A
3 Va
3%~-
22%
Jan
6
11% May
1,000
61
2 %
•
87%
100
Jan
200
A.-
"
preferred__100
shares
Jan
40
'
10
Shipbuilding Corp—
Founders
Jan
21%
.>
__
A.
-
*
*
Jan
1%
60'A
*
v
60
7%
18%
10
Light 7%
7/a
8%
*
*
102
7'A
18Va
60'A
•
preferred
12%
1 %
Lynch
Corp
...
Jan
Y
100
8%
50%
101
7%
__
f
:
Honduras Rosario
7%
..100
preferred class B_
Land..
common
300
*
common
preferred class A
Arizona
Co
1%
10
Lone Star Gas Corp new common
1%
1%
14%
101%
25
14% .14%
5
—
•
*
Merchandise.*
17%
Lipton (Thos J) Inc 6% preferred___25
Lit
&
NT Y
1% July
16'/a May
>
iV Jan
200
100
City Omnibus warrants
5%
Material
Tel
Co
Co common
Auction
$6
Jan
6,700
X28%
.
F-eb
4'A
11,300
—
48
_.
Jun
Feb
% Mar
.
'
——
•
25
Development
2%
v*.
•
i
Lehigh Coal & Navigation
25;/,
19%. May
V-.Av.
-
—
1
:
—
48%
•
common
&
New Process
Apr
100
-
•
Le Tourneau
Mexico
Jun
14%
3 % Feb
10%
—
100
Jersey Zinc
39%
Jan
&
Clock
Jan
2
•
6% July
'
1
B
Oil
_
class A
England Power Associates
6%
preferred
$2 preferred
Jan
200
.i
8%
'
100.
common
Lefcourt Realty common^.
Convertible
5
4%
N
Leonard
Corp
Apr
8'A
8'/a
•
Langendorf United Bakeries class A—•
Class
*
21
112% May
4%
20%
2,100:.;
..
Feb
—
New
RR
104%
High
Jan
50
110Va 110%
...
New
Mines Ltd
12 '/a
•
New Idea Inc
Shore
Low
200
*
14% May
*
Jan
110%
20
Nestle Le Mar Co
New
Lake
100
Range Since January 1
High
20
__
Shares
Neptune Meter class A
Feb
102% July
New
Lackawanna
preferred
for Week
of Prices
Low
•
I
Sales
Range
Sale Price
New
Co
Week's
Last
6
Par
9 Va July
'
Feb
92
•
99% 101%
Friday
Exchange
Aug.
High
Jan
r
special preferred
Brewing
Curb
Ended
9%
^
.
10%
7%
York
Week
'/a
1,500
'".I
10%
99 %
Range Since January 1
Low
%
*
100
New
Shares
■
...
STOCKS
for Week
High
.%
1
Koppers Co 6% preferred
Kresge Dept Stores—
Kreuger
%
•'-«
10
Sales
Range
of Prices
Sale Price
<
Kirkland Lake G M Co Ltd
Kress
Week's
Friday
Exchange
Ended
Colorado—
6%
1st preferred
1st preferred
104
.100
7%
.100
Puget Sound Power & Light—
$5 prior preferred
$6 preferred
Manufacturing
114
115%
68%
114
114% 116
65%
69%
30
..10
Jan
Jan
117%
Jun
45 %
Jan
75%
Jun
7'A. Jan
13%
Apr
15
Jun
1,000
13
150
8%
Jan
114
101%
12
8%
106'/a
Apr
550
12%
8%
Apr
109
2,900
11%
5
<
100
9'/a May
1 a* fr VA U. K) riOjilMUM foMWxAfciWW-?1>
iVto7*mWW>iAWL!e«6^l«?iYll
«l«Vh& MM Mf.Jftfl* Jtl#>yWi ^ tfWiWPS trr*
JtWuWfcWl I MnimvU.
,fTiUrfri' ',*1
UWUMWJW/mW„
Ended
Week
Last
Aug. G
Low
Ended
Week
Stokely Foods Inc
preferred
$1.50
6%
Quebec
"70
150 '/a 153
.100
preferred
146
v__.r
Co
Power
70
Feb,-:
156
13
July
13
Mar
Feb
July
92
Jan
110
88
87
1S1
Stroock
Sullivan
5%%
Voting
-
Investment A
Packing Co. common
Rath
Roller Bit Co
Oil Corp
PUIance Electric & Engineering
Republic Aviation.
:
Rheem Manufacturing Co.—
Rice Stix Dry Goods
Richfield Oil Corp. warrants
Richmond
Radiator
Rio Grande Valley Gas Co v t c
Cable Corp
—
—
preferred—1
$1.20 convertible
Royal Typewriter
Royalite Oil Co Ltd
Ryan
& Haynes common
Ryerson
Apr.
14% July
9%
Jan
1% Aug
2,100
VA
Feb
1% July
Jan
1,900
ft
10%
■•'
.
%
17
Jan
13
300
7%
Jan
1,800
2'A
Jan
ftfftftft
~5%
Mar
£r.. 5% July
18 % July
•
49%
.
Feb
69
Jun
19
500
-ft.--ft ft
' 4
.
.
Jan
16
":'C>
62%
Apr
11% July
Jan".,
2%
3
Apr
107% July
91% Jan
X
100
•
4% July
Jan
io%
"5%
Jun
5% May
7
60
60
Va
13%
9% Mar
;.
Feb
22
Apr
100
3%
"
6V4
Jan
Apr
5'A Mar
£
3%
400
3%
Jan
5%
1,000
3V4
Jan
6% Mar
1%
VA
4%
5
5
22
12%
Jan
21%
Jun
13 V4
Jan
20'A
Jun
100
16%
11
7%
Jan
11% Mar
l7/a
Jan
900
17%
11
"4%
4%
47/a
10,900
47%
47%
50
July
5V4
Jun
43
Jan
49 % May
12%
Mar
14
•
15
Apr
10% July
8% Mar
1
•
3%
23%
3%
3%
1,200
23%
24%
700
17% Mar
Technicolor Inc common
*
13'A
13%
14%
100
113%
4,000
£:/. 60
1%
600
ft Jan
2% May
5%
3% Mar
Tampa Electric Co common
Power
Texas
& Light
pfd
7%
Shovel
Thew
Co
-
2
Oil & Land Co
Texon
'
Tobacco
•
Exports
Product
58
Jan
v
Jan
£
11
Amer dep recs del reg
Toledo
11
—
—
56
•
100
100
1
1
Corp
6%
Edison
• £
preferred
preferred
7%
;
Tonopah Mining of Nevada
Corp
Trans Lux
59%
6%
58
Feb f
""
■
:
i3
;•■.•%
1
27/a
3
27/a
May
Mar
109
Mar
113
ft Jan
v
£
1
May
Jun
Jan
Jan A
Feb
4
1%
6%
%
s7a
4,000
1,900
Jan
1% July
,
•Class
77/a
1
63%
,_1
•
A
Tung-Sol Lamp Works
80c convertible preferred
4'A
4'A
4%
1,000
10
July
Apr
Jan
39
64
Jun
5'A May
£1:1% Jan
Jan
6%
300
10
9%
Jan
4Va
850
64
59%
8 Va
7% July
:;A
•
;
Corp
July
July
:
16
<
1,000
4,100 •;
'
Chatillon
Jun
67
107
•
"7% *8%
■
3
-
Jan
1,600
/
13%-
12%
12'A
July
102
'''
,
u
Inc
Tubize
Jun
£ 11
53
280
-ft*, 'ft-
:
.
warrants—
Trunz
Jun
July
5%
Jan
1%
£ 200
£A
—
10
Transwestern Oil Co
Tri-Continental
7% July
2V4
62
Co Ltd—1
dep rets ord regis
Todd Shipyards
£ 22% Apr
£ '2% Feb f
•
7
July
Jan
Va
43
600
5%
5%
4%
July
7
Jan
100
5;.
July
114
Jan
600
1%
1%
3V4
17 Va
700
6%
6%
15 Va
Mar f:
102
100
Jun
26 Va July
Jan
6%
700
20
55
•
Tobacco Security Trust
Amer
,
1%
.£.:
Stocks
Allied
&
i
6V8
6
20
—,
Tlshman
Tobacco
113%
112
6
5
common
Roofing Inc
1
Realty & Construction——1
Tilo
'
—
1
•
—1
Aeronautical Co—
Consolidated Petroleum
Ryan
,
13% May
17%
50
Taggart Corp common
29 Va July
Jan
3
100
4%
July
"2
Jan
10%
500
16%
3
f
<2iy£ Jan
200
16%
2 Va
Russeks Fifth Ave
13/a
9/a
1A
3'/a
ft
,Jun
&
ft Jan
100
106% 107%
£
—
•
•
—
% Mar
6,000
3A
,
107'A
100
,-i—*
5
5
1
20
Co
Petroleum
3%
—
.
3% May
Jun
ft 19
Mar
51
Mar
J4% July
m
"75"
12
13 %
9
Ira
3
A
—
1
1
%;
12
3A
--
*
common
Roosevelt Field Inc
Root
1
Pendleton Inc
Roeser &
25
-ft
A 3%
2,700
3,500
1,300
1,500
12
1%
25'A
1% July
Feb
14 % July
% Jan
,49 '
--
10/a
VA
11%
1
6% pfd D
Rochester Gas & Elec
Rome
'£.
•
Reitcr Foster
Jan
13% Jan
1
VA
* W-V 25V*
50o
%
-5
.12
Bank Oil Co
Reed
12/2
<12
2V*
Jan
:
Manufacturing common__50c
Raytheon
.
325
*
Raymond Concrete Pile common
$3 convertible preferred
1Red
12
10
1
10
common
Railway & Utility
ft
7%
23,000
1%
VA
1%
Securities
& Light
Railway
preferred
High
Jan
2,400
•
Superior Port Cement class B com
Swan Finch Oil Corp—
R
Low
1%
VA
%
1%
1%
•
1
1
Oil
convertible
Sunray
Radio-Keith-Orpheum option warrants.
;
Co
Machinery
Ray Drug Co
Sun
Range Since January 1
50c
1
common
new
Shares
High
Low
5
Corp
Sales
for Week
Range
of Prices
Par
(Hugo)
euinnes
Quaker Oats common
Last
Sale Price
Aug. 6
High
Low
High
Week's
Friday
Exchange
Curb
York
New
Range Since January 1
for Week
Range
Par
STOCKS
Sales
Shares
of Prices
Sale Price
Exchange
Curb
Week's
Friday
STOCKS
York
New
Monday, August 9, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
10% May
U
St
St
Paper common
Regis
preferred
7%
Salt
$2 conv pref
A
Class
Oil
Dome
Co
United Corp common
Samson
Mills
Sanford
:
Savoy
Oil
Co
Schiff
Co
common
Schulte
(D A)
Bros Inc..
Seeman
2%
1,700
Jan
Jan
%
Jan
3% July
15%
300
12%
Jan
16% July
1%
3,400
%
725
22%
Jan
1%
46
11%
11%
13
.
.
V
2
—
200
~VA
£ 1
2,600
300
%
1
1§
%
-
"
7
f
Jan
9 lA
j
17
600
51%
100
64%
10%
72% July
Jan
Jan
£
United
[I
'
•
5
—
Mining-:
-
25
common
;
ijfft
common.:
600
Jan
4
preferred
$3' convertible
Singer
t
Jan
Manufacturing Co
Co Ltd—
dep. rets ord regis
City Gas & Elec 7% pfd.
__
1
Sonotone
Soss
South
Corp..
Penn
Southwest
6%
original preferred
preferred B
.-.
preferred series C
Colorado
Southern
"2%
■
"2%
1
900
July
U S
U. S
United
Wall
Power
Phosphate
Southern
Jan
-
class
4%
1,300
3%
3%
37/a
'fttftft'ft
4%
5%
43%
—
'
—
May
241
Mar
106
July
4% July
5% July
Jan
2
Apr
5
•
Jan
4y8 May •
Jan
6
Feb
4 Va
July
37%
Jan
49 lA
Jun
.
93
.
July
July
: "
250
20
Feb
4% Jun
-,
HI* 260
Aug
% Jun
Jan
2%
ft ft.
ft
Feb
..-.£4% Jun
Jan
;j .o72% May
3.900
lA
69%
69%
43%
44
ft-'' 775
70%
44
63
100
43
'"200
: 4
Jan
8
11,700
%
75%
27%
3'/a '
Jan
r
^
.
-
"
7% Jan
50
2,700
\i
73%
27%
73'A
2%
July
6'/a July
8% July
~
10% ' 10%-
—
•
47
Jan
5%'
7%
7%
<
5% '
••
r
:/' %
•
60
150
; :
,
"10% Aug "
,
1% May
80 y2
",27% July
'ft VA Jan
4
.
;
s
Jun
30%
Jan
50
800
3%
£
Jan
Jun
3'/a Jun
.
'
Jun
1%
.2% Feb-
500
32
Universal Cooler class A
Universal
insurance
Pictures
Utah
'
*1%
*
Radio Products
4%
Feb
Feb
Jan
>13
7%
"300
-
AprApr
Jun-
2% May/.
.
July
22
.
"
17 V4
16'A
16%
17
.1
19%
19%.
5
•
1
10c
1
;
1
V2
ft May
3
;
Feb
11
15
__
•
preferred
Jan
1%
,p
—
ft '1
ft Jan
1,800
2,200
1
Sugar
Utah Power & Light $7
•
%
2%
8
1
common...
Voting trust ctfs.—.
Universal Products Co—
Utah-Idaho
%
2%
%
2%
••
v
16% Aug
100
14%
Jan
2%.
1,700
2'/a
Jan
58%
61%
J,225
45%
4Va
200
..
•,
V ;,
Feb
37/a
2%
2%
60%
18% July
19"a July
July
800
-
..
20'A May
3
May
68% July
.
4%
Jan
2
Jun
Jun
50
28% Mar
50
"
50c
2
10
.—•
Jun
2 Va
3,600
1,300
44%
31
31
*
l7/a
2%
43
•
43
40
Jun
Utility
$5.50
Equities common
priority stock
—
1%
1%
100
72%
73%
525
1%
1%
28'/a
160
3/a
1,700
^ ..27%
•
.
-
Jan
Jan
49
2y4 May
»
75
.
Jun
.10
—10
5
1
_•
Co
& Bros
32
Feb
30% July
%
75
Jan
28 y2
Jan
•
63
5%
10%
__
.
5%
10%
63
Mar
5%
600
7V4
4
3%
6%
Jan
1%
30%
30
30
.
Spencer Shoe Corp
Stahl-Meyer Inc
•
•
preferred
Standard Oil
Jun
%
2,500
1,800
2%
Jan
Jan
2% July
%
Jan
1
2V4
Jan
VA
809
18'A
450
10
pfd
12Va
16%
16
16%
17'/a
3
Jan
17
,:,12y8
Jan
July
July
17% July
113
Jun
100
110
Jan
ft
•
ft
8,400
.....i
a'a Jan
Preferred
•
49 %
3/a
300
i®8
Jan
ft May
l6l/a
Jan
6'A
Jan
57% July
11% July
54
48
500
:i
9%
10%
2,000
ft Feb
% May
1%
9%
Starrett
Tube
1%
100
1JA Jan
2% May
1 Va
200
1
class B
1
(The) Corp voting trust ctfs—1
Steel Co of Canada
(A)
& Co
1,600
j.
1st
5%
iy8
2d
preferred
5
4%
50
5
500
Sterling Brewers Inc
1
9%
800
1
Inc
(J
B)
Co
footnotes
•
common
see
page
565.
VA
July
9% July
1
6
%
1%
6
400
25
33A
Co
Mining
Walker
5
Wentworth Manufacturing —.—44.1.25
West Texas Utility $6 preferred-iv
*
Wayne
West
Mills
Knitting
10
Va
Western
Coal
5
4;—.1
Coke
&
Inc
Air Lines
3%
3%
300
J«n
July
Western Grocer
Co—
Western Maryland Ry
l7/a
Jun
4
Westmoreland
Coal
1%
108%
7%
Feb
15% July
Va
Apr
2Va July
%
ft Jan
(R
Oil-O-Matic
C)
9
2 'A
Jan
Feb
5 % July
40
Jun
Wisconsin
Power
Jan
10
Wolverine
Portland Cement
12 %
Jun
6%
Jan
Jan
4% July
H Jan
1% May
7
May
May
Products
Heating
Inc
& Light
7%
Woodley Petroleum
Woolworth (F W) Ltd—
American
deposit
Jan
14% May
2%
3%
3%
108% 109
4
8%
4%.
Jan
4
Mar
98%
200
20
Jan
109
Aug
receipts.
Wright Hargreaves Ltd
6'A
9'A
Apr
1,000
4
>
Jan
2,400
55/a
Jan
11% July
Apr
11% May
Jan
95
20
67
May
Jan
18
Mar
21
July
26
May
13
Feb
14%
•
20
21
21
25
15% May
"9
"i
"9
5%
200
100
y
Jan
97/a
5%
~8%
•
& Co
July
Willson
ft May
11 Va
400
July
13
Apr
50
9
4%
10
Corp
Williams
90
500
ft
'
1
Mfg
Williams
10% July
Apr
2
10
Inc
Shoe
Wichita River Oil
5% Mar
Feb
15
15
7% 1st pfd—100
Western Tablet & Stationery com
Westmoreland
£
5%
—
54
Jan
72% July
Jan
86 'A
•
—1
Class B
Jan
27/a
Jan
44
W
July
lVa
91/2
1
Sterling
ft Jan
7%
20
!
67
Co
9
35
50
preferred
Sterling Aluminum Products
Jan
6,000
120
32
Jan
7%
69%
•
Wagner Baking voting trust ctfs ext..•
7%
preferred
100
Waitt & Bond class A
•
Aircraft
54
12
12
*
1
feterchi Bros Stores
6%
1 Va
•
common
8%
69%
77a
—:•/
1% July
Jan
-4%
Manufacturing
Weyenberg
Standard
100
%
18
ft May
%
%
Standard Sliver Lead
Jan
112V2 112'A
1
1
2,000
Jan
13
50
16
100
Co—
May
6% May
19% July
l5/a
17%
Common class B
Products
1
5%
1
20
Standard Power & Light
Standard
Jan
4%
1
(Ky)
(Ohio)—5%
Vogt
—
July
% May
5% July
5% A
10
convertible preferred
Oil
Apr
>
7/a
4%
1
Standard Dredging Corp common
Standard
Virginia Public Service 7% pfd
_.
July
Va
2.78
Standard Cap & Seal common
Convertible
%
5
1
4'A July
31
%
Co
Brewing
12
Jan
Jan
23
>210
Jun
1
Valspar Corp common
$4 convertible preferred
Venezuelan Petroleum...
6% July
9 '/a July
Jan
200
July
121 y2
Apr
1,500
——
May
64
Aug
115
63
July
2
Waco
Spanish & General Corp—
Amer dep rets crd bearer
Amer dep rets ord regis
Standard
43% July
Jan
29%
-
23
A
Line
Royalty Co
Spalding (AG)
1st preferred
For
common
V
260
260
__25c
10
25
Consolidated Oil—
»2% Aug
•
9.6
Jan
2Va Jan
1,900
4%
4%-
25
25
25
.
Pipe
Southland
Stetson
Feb
3% Mar
Paper
Universal
1% -~3%
~3%
preferred
:•*.
i
100
New England Telephone—100
Southern
Stein
£ 39 3.
Feb
80 •;
—100
United Stores common
22
175% Jan
20
£ 228
Southern
$1.60
$5
14% July
'
10 % Mar
75
13 %:
3% Mar
10
Pipe Line
Edison—
5%%
7%
29%
%
•
55% July
California
Southern
5%
common
Oil:
Pa
£21% Jan
51
common
13% July
Jan
21V2 Mar
228
1
1
1
1
25
Co.
Manufacturing common
South Coast Corp
Jan
I®«
"
12%
!
vtt
1
Co.
Aircraft
Manufacturing
U 8
Universal
£1
100
Amer
Solar
Jan
%
JOI-
13%
*
1
100
_
common—
Solar
%
3,900
4,800
1
1
a.—5
and International Securities
•
1st preferred with warrants
• ft
Plywood $1.50 conv preferred
20
Radiator common...
1
Rubber Reclaiming
•
S
U S
119%, Jun
111% Ap r
£•-:■ 10-
—
Apr
100
Singer Manufacturing
Sioux
7,500
%
53%
%
Jun
July
12 May
11 May
Jan
%
S Foil Co class B—
U
Graphite
ft
50%
%
25
U
Jun
16%
Jan
83
Jun
■ft 8% July
Jan
14
600
4'/a
Simmons-Boardman Publications—
Simplicity Pattern
Machinery
123
Jan
115
1,900
May
4%
Jan
"
preferred
Shoe
%
800
%
ft May
16
Jan
"
9^'V;
•
•
Canada.
90
5
27A
200
700
3%
114% 114%
100
pfd series AAA.
£
•■£
15%i3f..
93
;'<!i.
14%
•
Shawinigan Water & Power—
~7
~7
3
3
% May
ft Jan
3% Mar
:
39,000
1% May
ft, Jan
•
RR & Canal Co
J
Jan
10
/
July
£ ,.57% Jan
Jan
45,300
Xll9% 122%
United Specialties common..'
700
%
•%
'•;;£■
3%
2%
3'/a
17
%
100
July
Jan
24,600
15 V8
15
•
—
1%
ft
1%
Va
1%
Va
3
14% May
57%
—
—
—
7% July
Jan
6y8
1,600
10
•
preferred
Preferred
July
73
July
Co Ltd—
Profit Sharing..
United
May
10
Jan
3
.
Jan
rets ord regis
dep
Amer
United N
5
"
•
participating
United Molasses
Jun
May
1% May
% Jan
10,200
7 'A V '
6%
64%
64%
1
1
Seton Leather common
Co
i.y 1% July
Jan
4%
13% Mar
200
—•
United Milk Products
$3
4'A May
7
12
A—i-*
B
class
3% May
Feb
800
ie
preferred
1st
$6
July
*
'
■
Silex
46
Feb
52%
Safety Control
5%. cum
3'A July
v' -Jan
preferred non-voting
$7
Common
May."
16 Va July
Jan
7%
7,500
7%
16%
•7%
16
1
5
25
Serrick Corp class B_—
Sherwin-Williams of
Option warrants
United Light & Power common
58
29%
77/a
Sherwin-Williams
May
26
Allotment
i
July
3% May
Jan
3
9%
9%
1
•
:
Jan
1%
300
3
•
United Elastic Corp
2
700
3%
7
10c
United Gas Corp common
32
Apr
common
cum
3
2%
3%
July
44
1,100"
2%
~i%
Denn
43
:
17% Jan
50
46
*
Shattuck
■:
Chemicals
& participating pfd
Cigar-Whelan Stores
United Corp warrants
$3
United
1st
46
*
Sentry
,
Jan
25%
500
29%
28%
28%
Aug
1% July
Jan
41%
36
common
Products
Aircraft
United
%
24%
40
1
prior stock
certificates
3% July
100
700
1%
36
Investment
United
A/': 50
1%
41
Shoe Co—
Selected Industries Inc common
Convertible stock
$5.50
Union
Co
of Canada
Gas
8% July
Jan
15%
mmrnrn
Segal Lock & Hardware
Seiberling Rubber common
Selby
Jun
137
Jan
115
2%
1%
1
*
.
Union
2%
34
2%
25
Scovill Manufacturing
25
Scranton Electric $6 preferred
•
Scranton
Lace common
•
Scranton Spring Brook Water Service—
$6 preferred—
•
Scullin Steel Co common
•
Securities Corp General
6%
6V2
6%
preferred
Convertible
150
133% 135
•"
'-MM—
4 »A May
2%
2'A
2%
10c
10
•
*
1
*
•
Corp
Manufacturing
Unexcelled
16% July
Jan
1%
5,^00
3%
3%
3%
May
July
16
1
common
2
1% Apr
•
50
5
.-100
1
1
•
5
•
Lawrence-Corp Ltd
1
Udylite Corp
Ulen
Realization
Jan
7% May
7 Va Mar
9% July
1%
pfd__100
Jan
9
Jan
108
•
1
Jun
Jun
4V4 Mar
12% July
108
Jun
3%
10
7%
1
7%
100
Feb
4%
4
Jan
8'A Jul J
Jun
6s
9%
9%
9%
1,200
6%
Jan
10
Jun
*
27/a
2%
3
4,800
2
Jan
4
Apr
■
•
TOWm *mc
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Number 4201-
THE COMMERCIAL & FINANCIAL
NEW YORK CURB
BONDS
York
Week
Curb
Friday
Exchange
Ended
Aug.
Last
Interest
«■.
Bonds
Sold
January 1
Low
Gas
& Electric
Co.—
v
No.
Low
1950
J-J
104% 104%
4
103%
104%
s
f
debs
1960
J-J
7
105
f
___1970
J-J
107%
110%
deos
Lt
&
deb
2016
M-S
1961
6s
Amer
J-J
Writing Paper 6s
Appalachian Elec Pow 3%s:
1970
Appalachian Pow deb 6s
2024
1956
A-0
1953
105%
J-J
Si
Lt
Elec
5s
4%s
Gas
.
deb
4'/2 s
deb
4%s
AConv
1968
Light 4%s
Atlantic City. Eiec 3%s
5s
(B.
without
Bell
M
5s
5s
1
124%
126%
107%
109
92
46%
Ogden
Ohio
19%
19%
V;
-
81%
X
*108
M-S
,
■
20%
64
20%
•
y t,.f
v
•' :>
J V
,
J-D
;
K'-'« >;«,<*
i
25%
13%
25%
25%
2U
27
>■
12%
72%
108
pi 5
<:
*101%
:
Pacific
Park
1960
1
6s
^
6%s
1
Edison
—
Q-F
109 %
M-9
1970
J-D
1953
1st
100%
J-D
114%
105
1
; 117%
"
105%
102%
121
5s
104% 105
103%
13
104%
103%
106%
Northern
Central
111
El
&
Power
5s__
46
101%
104%
15
.85%
99%
3
105%
107%
*:>= ' Lmi
107%
107%
103 % 103%
3%s
Gas
Central Power & Light 3%s
States Liec 5s
1969
{ACentral
1954
States
P
ft L
Rys 5s ctfs
Cincinnati St Ry 5y2s A
6s
series
Cities
B
deb
5s
Jan
5s
Debenture
Cities Service
P &
Consol
El
Gas
series
3'As
1st
ref
1st
1949
&
Pr
Lt
&
ref
Alden
96%
97%
97'/4
*119
97%
5'/as
104
104
104%
/:::
1st
101%
5
5 104
102
96
97
Vi
114
85%
85%
6
79
104%
104 'A
8
101
Af-S
88%
88%
97
79
2030
F-A
100%
99% 100 %
66
87%
M-S
Af-S
106
1954
*52%
1966
J-D
J-J
1969
A-0
1953
A
5s
Coal
104% 104%
M-S
1954
3%s
Serv
Af-N
P
Spalding
Gas
6a
6s
J-J
106
98%
J-D
101%
1965
M-S
97%
106'/a
98%
§AGobel
4Vis
(Adolf)
Trunk
West
Great
Nor
Green
Mountain
Power
A
1941
1950
105
93%
101%
6s
90 y8
100%
Tide
1963
J-D
&
{AGuardian
West
J-D
63
Power
100%
•Ittio
108%
98%
91
uff
J!-©;'
61%
'
63
-•>
042
$23'A
Corp
J-J
F-A
1970
F-A
2022
2nd
Toledo
Twin
& Pwr 3Vis
1968
110
110
A-0
99%
A-0
98
99
A-0
108
1
110
W .3
99'A
1949
1967
B
series
6s
J-D
Jan 1949
Jan
Hygrade Food 6s ser A
108
111
3Vis
Power
1st
Lt
&
Pwr
6s
1953
A
ser
1st & ref 5'/2S series B
1st
f
8
ref
&
series
5s
—1954
5'/is
deb
Hydro-Elec
Indiana
Service
5s
United
United
of
Af-S
M-N
A6'/is
A 7s
111%
6s
99%
99
82%
80%
80%
82
F-A
81
80%
81%
1966
J-D
80%
80%
81'/2
F-A
80
80
.1957
F-A
W—*■'
.1950
A-0
25%
J-J
A-0
1960
J-J
1
—
5s
Light 5s
A 7s
-
,
lien
&
cons
&
(July
Interstate
Debenture
Iowa
coup)
J
4s
Co—
West
Penn
90%
Western
A-0
*112
116
M-N
*108
108%-
J-D
1957
5s
J-J
6s
84%
85
78
52'A
46
10
104%
13
16%
*66%
Af-8
108 % 109
1966
J-D
*107% 112
i
2022
M-S
*120% 122
19
1969
J-J
43
Rys
46
107%
96%
101%
J-J
109
109
109
2
107%
109%
1952
J-D
J-D
5s
6s
Radiator
&
105
J-D
J-D
York
Curb
Aug.
$110
*110
115
'
—
F A
98%
99%
66
*110
Middle States Petrol 6Vis
1949
J-J
AMidland
123
112
113
5%s
100%
102
~
102
A-0
<58%
1967
Af-8
108'/a
108
Minnesota P & L 4Vis
1978
J-D
105%
105% 105%
1955
J-D
107%'" -107
1957
J-J
Mississippi P & L 5s
Mississippi River Pow 1st 5s
1951
Af-N
Nassau & Suffolk
1949
3
102%
112
ALlma
SANatlonal Public Service 5s ctfs__1978
Nebraska Power 4Vis
1981
A
21
4
105%
110%
102%
108 %
110
118%
99
99
5
81
..
._
79
—
.
.
81
•>8
95
.•?/•./
95
3
95
95
62%
12
Week's Range
or Friday's
Last
Sale Price
New
J-J
*55%
J-D
*18
Public
High
*
46
64%
42
~i
23%
44%
y
52
14%
--
52%
F-A
*55
60
1952
J-J
*13
20
10
15
6%s stamped_1958
M-S
$16%
18%
11%
20%
1958
M-N
20
35
1951
J-D
16%
24%
64%
64%
6%s
stamped
7s
.
Alssue
of May
1927
A Issue
of
?
26.
*22
26.
1927
X
Af-N
37%
A-0
$37%
—
1931
J-D
*16
22
105% 106'A
6
103%
1077/§
Mortgage Bank of Denmark 5s
1972
J-D
$50
5
110%
7s
1958
M-S
*30
1959
J-J
98
*22
J-D
127/a
25%
108% 109
6
107%
66%
66%
68
J-D
67%
67%
67%
Af-N
66%
65%
68
M-N
107%
93%
93%
94
44
76%
94
1954
J-D
96%
96
96%
32
82%
96%
1949
J-D
*105
105%
21
97%
114'/a
49
49%
50%
72
*108% 109
24%
6%s__
1919
J-D
J-J
5
5%
5%
x
20%
45
50
22%
~2
24%
47/a
'
5
1921
Government
♦No par value,
71
4
51
—
38
18
V",
5%
35%
17
30
'
d. 75
2%
9%
73
2%
9%
.
102%
112%
118
(State)
Janeiro
A5%s
109
A-0
102% 102%
37%
32
—
117%
M-S
*112
de
ARussian
110%
114
J-J
•V 2
Oct
32
'
1948
Nov
ARio
26
A-0
102% 102%
-
5
113
102
M-S
102%
X
33
6%s
112%
101% 101%
F-A
X?
"
55
112
U2%
■X
37%
AMortgage Bank of Chile 6s__
X
1
23
1947
109
50
Servlce-^-
AIncome 6s series A
Low
20
106%
1961
3%s
England Power Assn 5s
Debenture 5'/2s
Orleans
January 1
"X
106%
1950
New
New
95%
95%
Range Since
NO.
*55%
103'/a
1947
5s_
Power
73%
'
A-0
5
1948
England
83
'
Soldi
High
3
1948
5s
deb
99
63 %
75
Bonds
Bid & Asked
107%
•
1956
5s
5s
Eng Gas & El Assn 5s
Conv
85%
M-N
AMedellin
7s stamped
Mortgage Bank of Bogota 7s
109
49
2022
Elec
24
109%
109
y
1953
City (Peru)
AMaranho
100'A 102%
58%
108'/a
58 -•
F-A
Ltg 5s
Gas
4%
108%
AParana
5s—.
Amsterdam
213
111%
110%
109%
*110 I' 112%
1943
New
107
1955
5s
A External
99
108
110%
Valley RR 5s
Milwaukee Gas Light 4Vis
Nevada-California
100%
96
20
20
115
,
Low
106%
121
86%
*100% 102%
Af-N
New
117%
95%
109%
109%
Danish
Af-N
series
116
3
115
1;'
Period
110%
Af-8
6s
109
104
Danzig Port & Waterways—
conv
ref
106%
*109
115
/
Interest
6
108%
1965
&
94%
112%
ntJ>, 96%
12
105
.<£18%
—
Friday
Exchange
Ended
2
1947
1st
77
116%
104
19%
.
F-A
1937
stpd
109% 109'A
1948
G
5s
108%
1971
series
12 zW
...
;99% 100
F-A
109%
:
4s
116
A-0
108
4'/2s
Edison 4s E—
Co
Metropolitan
116%
BONDS
New
Mfg—
stamped
Mengel
85
Foreign Governments & Municipalities
54%
Extended
McCord
115%
111%
101% 103%
J-D
107%
109'/a
56
106% 108
102%
1960
1
J-D
106%
J-D
107% 107%
.
93%
A-O
J-D
*109% 109%
10
90%
F-A
M-S
J-J
■
...
*112% 113%
Af-N
A-0
'
92%
A-O
1970
112% 112%
114
F-A
1966
1957
Kentucky Utilities 4s
Superior Dist Pow 3'/is
Lake
106 ..106
25
108%
109%
106
Agricultural Mortgage Bank (Col)—
A
20-year
7s
April 1948
A
20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
:
13%
J 05 %
111
2030
5s
Stamped 53
85%
106%
A'V
3
41
2
1947
Co
Week
~6
Xv X;;X
20
105% 106%
4
1964
5s
Traction
35
36
67
..I. •IX19
106%
35%
17%
74%
*>;
40
32
12%
11
stamped extended to 1959
44%
J-J
J-D
1965
Vis
Kansas Power & Light 3
Electric
H 0 CO £
1963
& Electric 6s
& Lt
'■
3
33%
33
32
50
51%
Af-8
32
28
35
105% 105%
J-J
!
84%
—
35%
33
J-J
24
101'A
unstamped extended to 1959
A
38
16%
1
5
114
1951
4s
6s
108%
17
■■,"'•54../
83
27
Newspaper Union—
IA York
35
64 %
101
1954
debs
6s
115
105%
34
1942
(stamped)
112
28%
28%
■>
103
16%
1958
4 Vis
Power 3y2S
Kansas Electric
*30
*31%
1952
Light
Gas
Pow
90%
80
1952
Jersey Cent Pow & Lt 3'/2s
Louisiana
Penn
80%
16
1952
Superpower
Kansas Gas
West
14
87%"
...
10
101%
2022
A
series
income
88
F-A
6s
Ry & Elec
86 %
'
6s
Jacksonville
A 5s
87'A
1955
83%
82
(Maine)—
Water Power 3%s
18%
65%
M-N
1952
Wash
1
26
L
F-A
1944
Wash
i*}.
83 %
83%
27
*
65%
25%
'
83%
36
80
f
83%
65%
Waldorf-Astoria Hotel—
87%
33
83%
65
.
Co-
102%
'
8
56
.
J-J
5%s_1952
4'/2s
gen
94%
1
77.
64%
1956
1959
10
u
a
:
5'As
107%
88
1957
1941 coupon)
&
Power
Altalian
A
1941
1
Power
108'/a
F-A
33
5yas
A
series
1st
107
!
18
1949
Transit
92%
101
X
•
1968
3%s
Utah Power & Light
Af-N
1941 coupon)-^-,.-1957
F
series
A7s
104%
105
r
1979
Power
J-J
*103
105%
62
2022
:
5s
21
101% 102 %
2
■"
111%
102
44
72
108 %
96%
12
74
.1946
Service
Power
&
1955
C
(Dec
E
(Aug
.12
•
52%
106%
deposit
Light
1952
1970
series
A7s
Af-8
107'A
73%
80%
6s
Lt & Rys 1 (Delaware)
United
1958
Gas 5s A
Indianapolis P & L 3 Vis
{International Power Sec—
series
106
16
104 'A 105%
—
Industries—
N
1950
.
5s
A Indianapolis
A6'/is
107% 108'/a
106% 107
106%
70
.1946
Light
Electric
1st lien
25
91
107%
10
69
*107% 108%
Corp—
Edison
1963
5s
& ref
107%
J-D
J-D
May 1957
Indiana
1st lien
A-0
,
1956
C
f
105%
/
/
80%
A
Debenture
Idaho
109%
103
*104% 106
■■
.
A-O
inc 5s___
City Rapid
103%
93
-
:
l-< 2
',
106%
.1957
United Light & Railways
Houston Lt
3
111
63
19%
102%
A-O
stamped
Water
36
1948
stamped
series
91%
78/■: 44
oawKi
24%
106%
105%
105%
108% 109%
v
(Calif)—
May
&
Power &
Texas
897/a
91
90
Af-N
1945
57
102% 103'A
90
J-J
1948
5s
2
-d 21
109% 109 %
103%
1958
6s
Investors
88
105
103%
105
1-951
Electric
Texas
97
100%
100
F-A
3%
Pow
Grocery Store Products
Guantanamo
J-J
stpd
5s
87
Af-8
1950
ser
4s
103%
A-0
'
Grand
104%
.1970
Dec
(Hugo)
7-4s
,
26
1
105 %
100 '/a
*105% 107
debentures
3d
Stinnes
58
98'A
100%
17
Electric—
Certificates
107%
91%
16
±104% 104 %
,1989
97%
104% 1047/a
M-S
8s
131
•
85%
104% 104%
<
A-0 £.•"
May 1948
(Hugo)
7-4s
103%
/£■
101% 101%
96%
Stinnes
52
26
98%
101% 101%
1978
4s
gold
106 %
105
6
J-J
6s
6s
];.
42
fe
104%
95
J-J
stamped
A Starrest
IT3
1'
106
98%
100%
L
91
114
131
94%
.1965
6s
Standard
51
103% 104%
A-0
'
79
*64
.1957
deb 5s
&
Debenture
106%
__
106%
156
108%
*128
94%
-
3s
(stamped)
Conv
90
103
if.'
104
.'v.
A-0
•
90%
3'As
Gas
Gas
&
(A G)
Standard
97%
124
6
Bank—
C
ser
Southwestern
104
2
110
138%
43
110% 110%
Af-8
.1947
6s
5s
Edison
California
123%
106 3/a
91%
106%
103%
.1951
117
82%
*123% 126
1961
Co 4s
Coal
Power
Counties
104%
87%
90
--
J-D
'
.1970
California
Southern
87%
M-S
1956
Mtge
Wyoming
Carolina
Debenture
5Va8
D
Southwestern Gas & Elec 3'As
102
77
:
5
.1971
South
Southern
123%
85'/a
103
A-0
104%
121
96%
1952
Service
series
109
F-A
5s
El
4%s
112 %
5
3
150% 155%
J-D
.1951
99
1956
A
.1952
.1952
97%
J-D
RR 5s
&
A
.1979
1207/a
3
123'A 123%
M-N
.1967
1955
ser
series
Sheridan
105%
'■
■
91 %
112
112
Queens Borough Gas Si Electric-
96%
109%
110%
$109% 111
96%
;
101
110%
111
Jersey—
.1951
86
$111% 111%
*109
J-D
1949
New
115%
108
97%
10
*112% 113%
91%
110%
111
2
<
109% 110
98%
119
.\y.; —
J-D
J-D
certlficates_____...i.
101
.1/ 85
32
101
109 %
107%
105
111% 112
1964
84%
>72
99
121
101
107%
108
1
107
105
__
11
Af-S
83%
10
J-D
M-N
Georgia Power & Light 5s
Glen
96
100%
M-N
38%
102%
*105% 106%
J-J
V
14
—
A-O
84%
36
105
111%
30%
••--
Colorado—
104%
89
1958
5s
Light 5s
Power
Pub
96
95
96
A-O
Florida Pow & Lt 5s
General
95%
5
129
101%
■
110%
1959
103%
103
'
—
99 '/4
97
1969
J-J
stamped
Gatineau
99%
95%
of
Service
102%
113% 114%
v
1961
...
perpetual
%
114
59%
100%
—
of
Af-S
1956
4%s B
109
100%
109% 109'/a
*109
F-A
1950
E
109%
106%
31
38
106% 106%
*107% 108%
J-J
.
107
5
—
104% 105
J-D
110
105%
17
.102%
■
Af-N
106
107%
—
±34
106%
Co—
...
(Can)
104%
105%
"
107% 108%
>
85
109%
'
"
1962
6s
1
110
110% 110%
M-N
;
1972
Sinking fund deb 4s
6%
106%
*101
J-J
1977
5%s
mtge 3%s
Public
100%
45%
5s
Southern
1976
3Vis
Lt
Florida Power
'/'/
.-.1st
8
105% 105%
T;
F-A
-
1964
extended
F_
Public Service Co
46
100
1944
Residential
6s-5s
178
Corp
46
13
,
1
56
* 104 'A 107%
96%
Af-N
stamped—1953
5s
& El
&
Federal Water
Finland
Q
5s
District
273
100
*101% 104
J-D
1954
Eastern Gas & Fuel 4s
Empire
:
ser
Textile
Water
38%
54%
13
Power
Coke
Edison
series
Power
(Bait City)—
Packing
Elmira
166
>1971
Continental Gas
Power
35
100:
54%
V
39
(Bait)—
P
ser
Gas
Cuban Tobacco
M-N
r
1951
4'/2s
Consolidated
Electric
A
Pr
mtge 2%s
Gen mtge
Cudahy
7s
N
mtge 3s
Consolidated
M-9
1952
:
Lt
<"
36%
ICO
A-0
—1969
5Vis
Connecticut
35%
M-S
J-D
1958
5s__
107% 107%
A-0
1966
98%
*107% 107%
36%
A-O
1950
5s_...
Debenture
F-A
1955
Service
Conv.
J-J
1952
;
M-S
1953
1927
5%s
§ A Chicago
107%
F-A
J-J
1948
-A5Vis
Central
98
&
stamped
4%s
105%
A-O
1979
Elec
Gas
iI
F-A
1955
115%
54%
*109
.1970
Portland
■
Canada
Lighi^ 5s
Philadelphia Rapid Transit
116%
115%
25
*106% 107%
F-A
108%
106% 106%
Af-N
1962
112
105
80 Va
A-0
1948
:_i
5s
Potomac
$104
&
Power
Philadelphia
80
High
111
4
*115% 125
80%
A-O
Pennsylvania Water & Power 3'As_1964
*150
Af-N
1964
2%s
14
F-A
Low
V 1
108% 108%
<
J-J
Aug 1955
January *
No.
■
1968
4s
Range Since
Sold
111
1971
Service
Bonds
High
Ill
—
J-J
1945
mtge 3y4s
3%s
99%
w
116%
121
121
;
A-0
1968
1
.
Af-N
1962
:
116
—
1998
C
J-D
5s
3s
Lexington 1st mtge 3s
Central Lt £1 Pwr 4yas
Penn
108 %
106%
,
1st
Public
25%
•84
107
1954
Friday's
Low
<
J-J
1948
5%S
or
Sale Price Bid & Asked
Af-N
2004
Oklahoma Nat Gas 3%s B
Oklahoma Power & Water 5s
7W:\
1957
Gas
mtge
25%
-V14
,
108'/2
108
v
18
81%
19'/a
80
14%
' a;
20
1964
1969
Utility
Power 1st
74%
V; 13%
__
*£:'
20'/2
Gas 3%S
Week's Range
Last
Period
3%s series A
Ohio
20%
20 %
19%
19%
J-J
1947
-
■;
.
Birmingham Electric 4%s
Boston
109
/
Elec &
Cont'l
1st
of Canada—
Steel
Bickford's Inc
A-0
M-S
1964
series B__
series
Bethlehem
106%
22
P.)—
V
•
Telephone
1st
V
Friday
Interest
6
Northern Ind Public Service—
95
/
72
*19%
'/ F-A
1955
warrants
.
^
691/2
X 20
19%
1955
Gas
Avery & Sons
i
Af-S
F-A
1977
t>%s__
Assoc T & T deb 5%s A_.._.,
Atlanta
\,
565
Exchange
Aug.
Westchester Ltg 4s
Debenture
5s
1st
J-J
1950
*
5s
deb
88%
11
107'/4 107%
70
1949
4
Curb
Ended
&
Nor
106 %
96
5
124% 124%
107%
•
96
95
.108% 108%
J-.D
1948
AConv deb 5s
A Debenture
94
Y
N
Elec Co-—
&
AConv
AConv
y,
'«
105% 106%
J-J
Arkansas Pr
;
York
Y State
108%
s
1081/2 108%
J109
109'/4
{Associated
«r
,
CHRONICLE
Week
N
debs
Associated
>r a
.
f
Pow
'.&?,* •.' H H'( *h '; /+
High
3V2S
p
New
.■■/
v
>
.
High
s
3%s
5*rv
BONDS
2% s
Amer
J •-',
EXCHANGE
Range Since
Bid & Asked
Sale Price
Period
6
Week's Range
or Friday's
^v,
American
'y
''tVi'iIH* •>'.
'
.Volume 158
New
'*7 ft* *?v
r
a
Deferred delivery sale,
71
106
e
Odd-lot sale,
n
Under-the-rule sale,
sale,
x Ex-dividend,
y $8 liquidating dividend paid.
{Friday's bid and asked prices; no sales being transacted during current week.
A Bonds being traded flat.
.{Reported in receivership.
Abbreviations
used
'w
i," when Issued;
"cons," consolidated; "cum," cumula¬
"n-v," non-voting stock; "vtc," voting trust certificates;
"x w," without warrants.
above—"cod," certificates of deposit;
tive; "conv," convertible; "M," mortgage;
102'/a
d Ex-Interest,
Cash
"w w," with warrants;
v*
;',"
.
■
V
r
fty *4* 4
THE COMMERCIAL & FINANCIAL CHRONICLE
566
.,»
Monday, August 9, 1943
OTHER STOCK EXCHANGES
Last
STOCKS
Low
Par
Arundel Corporation
Transit
---*
common
<
1.40
1.65
9%
466
>38%
39
10
42
pref
Central
Ry—-—;
AEis
Gas
Co
1.00 Mar
10
20
,,50
Jun
60% July
26%
200
22%
Jan
80%
12
77
Jan
27%
40
22
Jan
17
93
Jan
100
common
27
100
100
60
:
r
v
May
84
5
U S
com———*
50
Power
—
Co
common,
—
31
$3,000
49
Mar
56
6%
6%
2,900
21%
16%
Mar
64%
Jun
Corp
& Sons
250
16
Jan
16%
400
13%
Jan
7%
7%
100
5%
Jan
33%
34y8
944
33 %
Aug
39% Mar
8'/a
8%
950
4%
Jan
4
Jan
8% July
5% Apr
(E S)
Low
A
preferred—
Bros
common—
cumul conv
preferred—
Illinois
Convertible
Preferred
Low
35
17%
Jan
2,366
127%
Jan
High
32%
150
13%
Jan
19% July
705
26%
Jan
38% July
18
13
Jan
19
May
Jan
4
July
July
50
3%
200
1%
Pub
Serv
pfd
16% Mar
20
15 %
20
11%
250
3%
Feb
Jan
21
4%
9%
x9%
1,250
5%
Jan
10% July
28 Va
170
20%
Jan
29
15%
*
9%
50c
u
%•
:
9%
Jan
19%
Apr
69 V*
Jan
87
Aug
A
Jan
6
6,150
108
7%
•
15%
300
;
1%
61
'108
*
100
%
55
56 y4
Jun
July
300
87
%
May
4%
570
16
80 %
■
v—
Jan
10% July
1% May
-fo Jan
Jan
26
290
61
July
111
July
10
92%
Jan
10
7%
U Mar
3%
Apr
9% May
*
18%
18%
150
17%
Jan
19
l„5
Cherry Burrell Corp. common—
Chicago Dorp common
Jun
158% July
12% Jan
4%
85
1
com
12
300
x27%
,_•*
preferred
100
15%
20
'I
9%
*
86
14%
15
I30
common
Jun
14%
15
1
Prior lien preferred!
;
Central States Power & Light
pfd
Chain Belt Co. common
Range Since January 1
27%
18%
33%
3%
10
;
Apr
18
.*
Central & South West Util
High
50
4%
9%
18
common—_L___i__5
common
/
10
1
149% 155%
27%
.152%
4%
22% July
16% July
32%
32%
capital———*
Central Illinois Securities
Sales
100
100
Tel
ft
,
?6
1
(E L)
Central
for Week
Par
Sugar Refining
Tel
21
capital—1
Campbell Wyant & Cannon
Foundry capital
Exchange
July 31. to Aug. 6 both inclusive, compiled from official sales lists
American
July
May
1
common
Piston Ring
Brothers
5%
American
7
6%
Jan
3% Jan
'
Class
Shares
1% Mar
38% July
5
-
Common
Burd
of Prices
2%
>
6% July
Jan
Mar
*
Manufacturing Co
Warner
Butler
Sale Frice
Jan
%
200
4%
Bunte
STOCKS—
3
32
100
July
111% July
158% July
Brown Fence & Wire-
Jun
55
Range
200
38
18% July
42%
128% Jan
1,600
1%
1%
4%
Binks
May
22,600
Week's
5%
5%
13% Mar
Jan
90
6%
Belmont Radio Corp
Bendix Aviation common
July
51%
Last
90%
;
Jan
Jan
Bastian-Blessing Co common————*
Belden Manufacturing Co common,"10
28% July
58
Friday
12%
25%
110
38
Jan
100
975
4%
Bruce
Boston Stock
11
1,000
•
Apr
28% July
6V4 Apr
Jan
16
1.210
5%
5
29%
47
13
14%
Jan
2%
38
•
149% 155%
5
2^2
33%
'
950
3
Bliss & Laughlin Inc common
36%
>
12%
16
35%
>
4%
4
34
Jan
51%
6
106
5
_
Jan
51%
56%
1,800
-
Jan
30
36%
1975
1975
Transit Co 4s
27
3%
16
Athey Truss Wheel capital
Aviation Corp (Delaware)
,
Brach
5s series A—
23
Jan
Apr
Bonds—
Baltimore
10
12%
:
Berghoff Brewing Corp
65%
33
Fidelity ft Guar
Bank———---20
Western National
20
4>/4
*
common—i..'
common
July
39% July
62%
62%
13
Chalmers-Mfg Coj_
Borg
Water &
Penna
62% Mar
13
Asbestos Mfg Co common
,1
Associates Investment Co common—*
Jun
60% July
27
51% Jan
27
——*
Armour &
67
100
High
87
American Public Service preferred—100
American Tei & Tel Co
capital
100
1.10 Apr
3,620
60%
80%
—2
50
Casualty—
Amsterdam
&
Low
61%
•
Aluminum, Castings,
Aetna Ball Bearing
>
July
42% July
10% July
Jan
26%
pfd vtc
25
Mt Vernon-Woodbury Mills pfd——100
New
9%
50
1.00
Houston Oil of Texas 6 %
Northern
66% July
50
Co
preferred
6%
Advanced
60%
common—-.—-—!
—
100
unstamped—
100
Realty
Adams
Jan
145
Mar
35% Jan
26
10
Fidelity & Guar Fire Corp,—,
—10
Finance Co of Amer A common,—5
6%
Jun
Allied Laboratories
125
10
142 % 142%
Fidelity & Deposit Co——,w—--20
Guildford
Aug
57% Jan
100
Consol. Gas Elec Light & Power com,'
Oil
2.95
8
Range Since January 1
High
607/8
common—
12%
1.00 Mar
250
8
100
1st preferred v t c
(J. D.) Mfg.
Low
Shares
13
common
Adams
-
for Week
of Prices
Par
Abbott Laboratories
Mar
19
Jan
Sales
Range
Sale Price
High
Low
16
200
18
Week's
Last
STOCKS—
Range Since January 1
Shares
High
18
vtc—•
i
Co
i
Friday
for Week
•Range
of Prices
Sale Price
■.>
:
July 31 to Aug. 6 both inclusive, compiled from official sales lists
official sales lists
Sales
Week's
Friday
Baltimore
Chicago Stock Exchange
Baltimore Stock Exchange
I
July 81 to Aug. 6 both inclusive, compiled from
11%
11%
100
9%
Jan
11% May
2
Jan
1
4%
4%
5
19,200
Mar
6
pfd—100
112
———_,—*
12
Bigelow-Sanford Carpet 6c/c
Bird
Inc
Son
&
Boston &
Albany RR
112
26%
112%
104
12
12
280
98%
110
4,015
Jan
9
82
97
100
24% Jan
1,183
31%
July
Convertible preferred
>
Chicago Flexible Shaft common—5
Apr
44
43%
44
400
38% Jan
46 %
80
80
80%
150
65 %
Jan
82
Jun
Chrysler Corp common
25%
50
Anaconda Copper
5
75%
74%
77%
/r;/ 759
67%
Jan
85
July
lc
11%
11%
14
2,250
3%
Jan
18
May
—25
25%
25%
25%
4,850
21%
Jan
4'%
4%
250
2%
Jan
Cities Service Co.
112% Aug
common
Jan
13
July
Commonwealth Edison
81%
Jan
102
July
Consolidated
Biscuit
common
common
1
—.
Boston As
31V4
33%
24
Jan
34% July
67%
67%
68
461
62 %
Jan
68% May
Vtc
18%
18%
230
14
Jan
19%
Conv
part, shares vtc
"A"——*
part shares vtc
"B"
stamped
22
loo
class B 1st preferred stamped_100
7%
class C 1st pfd stamped
22
:
class A 1st preferred stamped-100
8%
10%
class D
1st pfd
4
1,761
4%
5
>
stamped-—-100
5%
5 %
...
r
5%
Apr
Crane Co common
Jan
1%
,
Jan
2% Jan
2%
8% May
8% Jun
8%
8%
Cudahy
1%
Trust—
Apr
Boston
RR
&
Providence
Packing
4%
5
14%
15%
120
11% Jar.
16% July
Dixie Cup
30%
100
23
35
,100
30%
30%
5
Jan
Decker
7%
Feb
May
(Alf)
St
Eastern
Calumet & Hecla
Cities Service
East
Boston
Co
10
Company——
Eastern Gas & Fuel Associates—
:
Common
4%%
6%
'"5%
•
69
6V4
104
99c
100
99c
—100
2%
9% Apr
17% Jun
7% May
Electric Household Util Corp
Elgin National Watch Co_
EverSharp Inc' common
Jan
1% Mar
2% May
34%
55%
48
34
34%
145
42
Jan
19% Jan
59
Apr
37%
Fox
100
100
6%
preferred B—
5% preferred adjustment
8
8
18%
—*
9%
672
9
46%
100
47%
17%
19
2%
Jan
Brewing
Lines
9% July
70
25
Jan
50
208
9% '
6
Jan
20
8% May
Jan
23% July
14%
Jan
27% July
22% July
175
10%
Jan
20%
Jun
83
Jan
96%
Apr
17%
95
v.
20
v:
Denver
Co
~7%
2%
Jan
387
26%
Jem
42% July
14%
50
16
Jan
16
11%
250
10
Jan
15% July
37
31% Jan
7%
15
6
7%
34%
34%
General
Amer Transport
Finance
General Foods
12%
400
5%
Corp
900
5%
16%
44
General Outdoor Adv
33%
341/2
100
27%
Jan
34% Apr
Gillette Safety Razor common
1
6%
6%
330
2%
Jan
7% May
First National Stores
•
37%
38
225
31%
Jan
39%
*
35%
37
1,861
30%
Jan
39%
Jun
58
37%
50%
52%
185
51
'
.
Jun
!
Jan
5
Jan
Jun
!
Jun
51%
Jan
July
16% Mar
2
.
..
6%
;
"34%
:
44
400
41%
35
44%
July
56% July
Jan
.-.
■,
Jun
General Electric
3%
40%
10
common
11% July
•
3%
*
Jan
14
Jun
14% July
Jan
Mar
y 3% Jan
75
1
Employers Group Association
Engineers Public Service
6%
15
,
200
16%
43%
5
common
.
41% Mar
1:
900
33
common
common
17% May
6%
10
12
31
common——*
30%
150
5
5%
Jan
Jan
Feb
3%
23
100
13
July
42% July
8% July
2,400
30
13
July
33% Feb
25
29%
1
General
July
July
6
900
37%
_io
common
Co common
General Motors
Eastern S3
16%
19% Jan
10
10%
1
;i
200
Jun
Fuller Mfg
Gardner
Eastern Mass Street Ry common
Drive Auto
(Peter)
2% Mar
37
10%
Fairbanks Morse;common,,,,*
Jan
%
—„
Jan
690
14%
5
—
1%
95
_L1
Jan
Apr
3% Mar
1%
19%
5%
Jan
Feb
19%
35%
6%
Jan
2%
50
17%
95
•
Inc.—J
10%
100
24%
*
common
Airlines
16%
290
3%
16
19
__*
common—
3%
90c
July
5% May
19%
10
common
common
Co
27
24%
30
-
4% Jan
32
55%
Cohn
&
Co
Four-Wheel
2%
100
preferred
7%
13%
5%
'■
•
*
prior preferred-
7%
12%
10
Copper Range
1%
19
preferred-^——100
Dodge Mfg Corp
44
% 4%
•
3%
1%
25
.
common
cumulative
Jun
Deere
Boston Personal Prop
3'%
Container Corp of Amer common—20
Continental Steel common
i,_
_*
Apr
15%
16
*
32%
1%
5
100
50
.
Jan
2%
233
ryt:
5%k
5%
100
pfd part shrs-—
8% Jan
61
25
3%
100
——
37* prior preferred
5%
'■>
Consumers Co—
Jun
Maine RR—
Common
-
31%
Conv
Boston Elevated Ry
Boston Herald Traveler Corp
i-
July
r
25
100
—•
Edison
Boston
:
'
common
9%
80
5%
5%
50
3%
Feb
6
7%
7%
125
4%
Jan
9 % May
Goodyear Tire & Rubber common—*
35%
37
425
25
Jan
18%
19%
850
17% Jan
Gillette Safety Razor Co
*
7%
7%
8
62
4% Jan
Feb
1% July
37
Jan
Dr
&
Dk
Harnischfeger Corp
9% May
15c
Lakes
•
com
$7
Isle
preferred.——,
conv
Royale Copper—
Kennecott
15
Copper
65
*
■
65
220
20
5
1%
1%
355
30%
*
common
"l%
\
70c
31%
830
75c
28%
Mar
Jan
72
1
Heileman Brewing capital
l
——3
Houdaille-Hershey
July
% July
Hubbel Harvey
class
Corp
(Del)
Maine Central RR
5%
preferred
100
common—
4%
—100
——
Massachusetts Util Associates
v
t
*
3%
23%
1
c
Mergenthaler Linotype
100
5
90c
47%
48
Jan
12%
Jan
165
;
2%
135
90c
47%
Feb
206
4%
24
3
12c
Jan
130
35%
Jan
6
6%
33
1%
50
Narragansett Racing Assn Inc—
1
5
New
5%
11%
England Gas & Elec Assn—
preferred
,—__*
5%%
2.50
100
!———
97%
100
l
1%
3%
3%;
Co
Button
Hole
55
369
50c
97%
1%
50c
97%
12% Mar
86
149
3,760
20
Jan
•& Jan
24c
Jan
78
Jan
Apr
25
Mach————•
"9%
40c
10.0
15c
Jan
220
19
Jan
23%
Jan
32-%
66c
Jan
17
60
8%
Jan
Shawmut
Assn.
■„
*
—
•
.12%
"8%
8%
13%
9
626
9%
201
:5% Jan
Jan
Co
XThe)_——.
Union Twist Drill
.
United' Drug Inc
United Fruit Co__—.
—
•
35
5
30%
35
255
29%
Jan
70%
31%
325
11
5
•
34%
•
65%
67%
384
57
1
13%
14
1
11%
(W B)
12%
156
29% Apr
7% Jan
68%
71%
632
60%
U S
Rubber
70%
25
44
44
in
;
—.
70
69%
40%
41%
—its
Utah Metal & Tunnel
l
30C
capital
common
Apr
37
30c
32c
215
&
Co
We&tinghouse Electric
For footnotes
see
—
St Mfg
page 571.
.
100
'•
50
'110%
10%
110% 110%
Jan
47
Jan
46
23c
Jan
48e
10%
10%
190
89%
,91%
338
July
Jan
preferred
Jan
7%
Jan
110% Aug
11% May
80% Jan
.99% July
9%
Jan
16
11%
60
8j/8
Jan
12%
41/*
700
3%
Jan
7%
400
5%
Jan
10
10
10
150
101
101
101
100
1%
1%
4%
3%
Jan
Feb
96
%
150
iy4
3%
■>
Feb
50
2% Mar
24% Mar
28%
.*
,
J
7
4
28%
10
6%
7%
5,400
July
5
>
Jun
May
8% Jun
14% Jun
101% July
1% July
Jun
3"%
30
July
5
Jan
8% Jun
9%
Jan
18% July
16%
*
1%
1%
650
%
Jan
2
July
Refining capital——-—*
Oil
18%
18%
75
12%
Jan
21
July
33
33
34
May
Field
Corp
16
15%
50
28
Mar
common—,——_■*
15%
15%
500
10
Jan
*
38%
38%
10
32% Jan
23
23
10
13
capital—,—-
common
Mfg' class A
33
*
*
I
corpmon
-
6
28
*
Midland United "conv pfd—
Midland Utilities—
Jan
16% July
42% July
5%
6%
28
27
50
4
350
27% May
i
5
4% Jan
_•
.
5,800
12%
12
12%
2,900
8% Jan
13 %
50
1% Feb
10%
Jun
50
2
Jan
10%
Jun
Modine
stock
Ward
r-
% Jan
% May
Jan
3% July
%
%
100
2%
2%
1,650
10%
11%
750
8%
Jan
28%
28%
50
22
Jan
'504
.
v
&
n
,,_10
*
common
Co common.,
Muskegon Motor Spec class A
2%
*
t c—
Manufacturing
Montgomery
Jun
4
>
7%
Common
Jun
4% July
9% Apr
S%
7%
Miller St Hart—
6% May
28
Feb
8
7%
lien—,—.
3%
3%
7%
prior
Jan
19
8%
—100
'6 %
1% Jan
3%
prior lien,
——_—.,,100
7% preferred class A
—100
,
4,500
1
7%
July
July
Apr
9%
95
7
*
Miekelberry'8 Food Prod -common,;.
Middle, West Corp capital,
I
14% July
76% July
42%
5
$2 cum part pfd
Feb
25%
60
July
7
Merch & Manufacturers Seo—
July
65
University com
McCord Radiator &
72% May
700
?/
19
78% July
74% Jun
Jan
370
Marshall
July
20
100
common—
Mapes Consol Mfg
July
63% Jan
preferred
$1 prior preferred
Vermont & Mass Ry Co
Waldorf System ton...:
230
4%
4%
1
Common
Lion
Apr
.
United Shoe Machinery Corp
6% cum preferred
Co
Manufacturing Co
Cumulative
10% May
36
Jan
63
Class A
Torrington
Jan
4%
165
Libby McNeill ft Libby common
,7
Lincoln Printing $3.50 preferred,—_.*
1% Mar
14
11%
400
Masonite
Stone & Webster Inc,
23% May
~
1% July
11
17
16% May
Jan
6%
6%
4% July
Jan /::■
72%
La Salle Extension
28% May
865
1
7%
19
6%
Leath
July
27%
10%
150
71%
Kentucky Utilities 6%
Apr
23
1
762
»
1
Katz Drug Co common—
2% Mar
26
9%
Jan
.Tan
•
»
Joy
>
Jun
17% Aug
100
18
1%
-
20% May
2% May
July
108 % May
85c
July
Indiana Power & Light common
Indiana Steel Products common
Kellogg Switchboard common,
•
Ken-Rad Tube & Lamp common A,,,*
17%
12%
20%
16%
20
May
Jan
Inland Steel Co capital—
International Harvester common
Apr
40c
26%
12
t c——_*
v
100
v
20
100
common
Indep Pneumatic Tool
9
17
50
1%
capital.——,10
Brick
,
9% Aug
Jan
15%
50
:I
Apr
Jan
7%
1
Mar
5% July
14%
18%
common—1„_—5
-
Jan
Apr
10%
10
100
370
18%
21
Jan
4%
200
9%
8%
15%
Illinois
Jun
22
50
;
Quincy Mining Co.,..——,,—,
Reece
Jan
%
50c
•
RR
Jan
6%
RR_100
Pacific Mills
Pennsylvania
3%
374
17
100
Northern RR (N H)
Old Colony RR
280
11%
100% 101%
—
New England Tel & Tel
New York, New Haven & Hart
North Butte Mining
5%
11%
9%
8%
15%
8%
*
common,:
Jarvis
Nash-Kelvinator
B_,
7%
100
8%
Hupp Motor Car
35% Apr
Illinois Central RR
Lamson
8%
common,,—10
Hein Werner Motor Parts
70c
-/—*
'
41% July
Great
Hathaway Bakeries class B_
Jun
*
*
common—
;
.*
,*
>
44%
43%
54%
26
26
26
80
1-
33% Jan
25
Mar
12
July
JUly
49% July
29
27
July
u
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4201
158
567
OTHER STOCK EXCHANGES
Friday
Last
*
STOCKS—
Par
Nachman
Springfilled
National Cylinder Gas common
J.
National Pressure Cooker common——2
National
Standard
NoWitt-Sparks
common
Industries
North American Car
Northern
Illinois
Northwest
North
West
Util,
7%
9
July-
SB
386'
23%
Jan
35 y4 July
American
17%
1,450
8%
Jan
19
9%
150
7%
4
.
Pen
Co
Jan
1014 Mar
14%
Apr
23% July
Cleveland
10%
Jan
15"% July
Cliffs
92
13%
13%
23
23
13%
-19
10
9
Jan
20
56
Jan
99-
PeaDody Coal
6%
1_—19
B
common
Elec
100
Switch
class
&
class
Co
Potter <fe
Co
50
8%
-
—
Pressed
Steel
Corp
(The)
Uats
Co
Raytheon
^
6%
Car
Jan
Mar
13% Aug
——
5
i
Jun
70
Feb
86%
50
14%
Jan
17% Mar
567
23 %
Jan
57%
633
46%
Jan
——*
9%
1
'
10%
.5
4%
Jan
1%
300
%
Jan
220
6%
Jan
1%
Feb
70
430/
13%
314
92
Jan
400
2%
Jan
2% Oft# 200
1%
Jan
18
18
18
21%
Manufacturing Co common.10
100
;
11%
2%
;l:
;■
Eaton
Rubber
Goodrich,
B.
Goodyear
Tire
Sears
Roebuck
Serrick
Co
capital
Corp class B
Signode
■■
&
Steel
21%
21%
Jun
Works
3%
Apr
30
14
Jan
common
5
2
——
Jan
21% Mar
—
Gas
otanaard
Oil
20
—..
&
Electric
ol
Indiana
capital
Sterling Brewers Inc
Swift
&
Swift
Co
30
11
11%
1,450
10
•
100
20
July
3
Mar
•
300
5%
•
29%
4.%
-
50
3
20
42
250
2%
Jan
Union
Carbide
Jones
Ci
•
new.
#
Jan
714
50%
Jan
3
16%
1
1
34%
35%
100
16%
20
4
%
742
35%
4
Jan
13
28%
11%
14%
14%
38% July
1%
450
Jan
Jan
14%
14%
370
Jan
26'A
25%
2614
1,072
22%
Jan
31%
31%
32%
201
29
Jan
35%
47%
50%
190
42
Jan
5314 July
21
21
15%
Jan
2514 July
25
Apr
Air
Co
Air
Lines...5
capital
•
Transp
Walgreen
Union Tel
Williams
Oil-O-Matic
Inc
(Wm
Zenith
Jr)
Radio
Unlisted
American
Co
Corp
1.610
-
47%
Jan
Bethlehem
112%
Jan
Jan
36%
27
274
20%
Jan
28
24%
130
18%
Jan
26
Electric
St San
&
35%
36%
305
26%
Jan
40
(Glenn
York
L)
91%
141
80%
Jan
9%
9%
5%
Jan
3
3
100
1%
Feb
7%
600
5'A
Jan
814
•
5%
Inc
Pure Oil
:
6
100
Co
Firestone
&
T
R
,
RR
(The)
50
3%
Jan
197
58 %
Jan
4%
Jan
150
70
•
:
■
■■■■:■
■.
...
i;r
9'A
Jan
2'/a
Feb
2'/a
7
Jan
9
20
Mar
Apr
July
—
—
fvj''
'
37%
*
U
37%
325
150
a38
a38
al6
a
16%
70
al7%
250
a9%
20
a53% a54 %
112
a9%
*
50
,
14% Mar
...
19'A
Apr
513A
Feb
'
'
,n
49%
:,
— ——
"
Jan
Watling, Lerchen & Co.
Members
32%
730
19%
Jan
Ford
New York Curb Associate
Exchange
Exchange
Chicago Stock Exchange
DETROIT
Building
37-% July
Apr
capital
6%
Jan
11%
24%
Jan
31%
457
45%
Jan
65
Telephone: Randolph 5530
July
60
61%
196
56
Jan
69
Apr
7
7%
230
Jan
9% May
39% July
,
„
35%
35%
310
6
Jan
1814
: 220
18
Jan
24
6%
Jan
15
16%
666
10%
Jan
20
May
6 both inclusive,
8%
9%
Apr
STOCKS—
Drop
Forge,
Par
common—.__•
25%,
960
15%
Jan
30
July
Baldwin
34%
393
26%
Jan
40
July
Briggs
18
1,175
9% J An
19% May
Brown, McLaren common—.^~%
10%
4,220
5
Jan
Burroughs
933
14
Jan
1214 May
2014 July
-r-T7%
16%
9%
9%
—*
17%
1714
7
*
18
7%
.
4;
414 Jan. ji'
1,335
8
Jun
Rubber
Consolidated
Continental
Jan
Jan
13%
Jun
Detroit
&
4114
280
25 %
Jan
Edison
67
12%
Jan
45% July
18% July
Detroit
17%
Last
STOCKS—
Exchange
Par
Industries
Aluminum
Cleveland
Ex-Cell-<3 Corp
Federal
Motor
Nav
common
Stove
Products
\
prior
preferred
preferred
*
Gar
Wood
General
Preferred
-
Home
Shares
Range Since January 1
Low
High
High
Churngdld
1
.
107
Cincinnati Street
Dairy, class A—
Cincinnati
Telephone.—
—
Hoskins
Manufacturing, common
Houdaille-Hershey class B
10% Mar
Hudson Motor car, common
class
1
i
*-
—
Lunkenlieimer
Magnavox
-J
60
%
%
Jan
2%
Aug
Kresge
10
%
Jan
2%
Jun
!—
14 Ma.y
107
8%
73%
19%
i
Procter & Gamble
>
Jan
7%
Jun
"A"
20%
100
37
30%
410
24
1%
__
21,
/■/. 21
:
43
1%
(S S)
6%
37%
,
48%
Jan
57
17
Jan
22% July
7
48
7
50
226
39%
7%
354
2%
73
„
.
Jan
30%
201
49
Feb
Jan
3
Jan
38
Jan,
Oil
25
Jun
4% May
Mid-West
Motor
25
Fuel
13%
14'%
190
10%
Jan
14%
14%
50
10%
Jan
•
Brands
page
3%
50%
50%
•
—
see
3%
10
Motors
footnotes
14
*
571.
7
3%
52
7%
95
2
Jan
627
44%
Jan
392
4%
Jan
Abrasive
Products
Park
514'
5%
1,354
3%
230
4%
Jan
7% May
3
Jan
5
21
2,234
17'A
Jan
Jan
2
Apr
22% July
4%
3%
250
24%
100
24%
Aug
5%
300
3%
Jan
6
Apr
1%
400
l'/2 Mar
2
May
5%
1,225
Jan
6%
3%
100
2
Jan
1%
Jan
4% May
3'A May
2% May
2%
325
1%
1,400
20
13'4
45
15'/a
150
125
914
1,835
3%
Jan
83c
20
July
Apr
273A Mar
20
Jun
July
9'/2
Jan
13% July
9%
Jan
16%
Jun
Jan
11% July
Jan
83c
1914
Jan
214
Jan
23% July
,414 Apr
2%
Jan
4% July
500
1
Jan
823
13c
.65
1.300
23
200
150
1,200
4%
51c
—>
common
Mtl
common.--—
Rickel
W.V
650
1%
Jan
10
614
614
6%
570
614
Aug
2
1%
„
14
—
9%
*
3%
*
Apr
.'
common—.
3%
Jan
10'4
Jan
16%
5%
Jan
11% July
214
Jan
1%
Jan
3%
965
3%
200
29%
451
28
6%
105
114
900
2%
2%
2%
3
2%
3
350
1,700
10%
..
9
.
8
River
(H.
Raisin
common
Paper
——
2
>
*
common
Jun
42'% July
Scotten-Dillon
Simplicity
Standard
common——
Pattern
Tube
10
.1
common—
common
1
B
May
16% July
15% July
5%
May
3% July
Jan
32
May
Jan
10
May
Jan
1% July
214
Jan
3%
Jun
114
Jan
3%
Jun
76c
2%
Timken-Detroit
Axle
—_1
common.——
Universal
Class
Cooler
B
—10
common
Brewing common
class
—
A—
—
15'4
July
100
2"%
1%
2,100
114
Jan
2% July
800
114
Jun
2% May
Aug
33'/a Mar
28
__
1%
1
—
1%
28
1%
2%
—
*
*
Jan,
13%
2%
1%
•
—
2%
6
6
1%
2
120
28
850
114
Jan
2
200
125
700
214
Feb
3 'A May
3%
68c
Apr
Jan
7%
Jan
2'4 May
Jun
Jun
55% July
8
5
Jun
13%
„
—
7% July
50
2% Mar
1%
200
745
9
__
1
Apr
Jun
7% Mar
400
114
*
2%
14
3%
—
1% July
28C
10
295%
—
*
common..
Prd
Jan
1%
—*
—
Parker-Wolverine
1%
20c
1%
.10
common
Peninsular
114
1%
——50c
common—
Car
.4
20c
—
314
1
......
Motor
3V»
—
1%
1
common
Chemical
Parke, Davis
Udylite
Rolling Mill—
Apr
Jun
Unlisted—
Gas
Co
Michigan Suger preferred
Tivoli
&
15
12
1% Aug
407
22%
22 %
Aug
July
32% May
Jan
54
"
43
A
1%
20
McClanahan
Packard
May
8% Mar.
50
53%
7
Jari
4
I
common
Michigan Die Casting
13% May
30
-
100
53%
6%
Feb
Products
;
2
common——
Masco Screw
Murray Corp
3%
3%
50
165
.64
—.——10
common
Wines
23% July
Jan
%
1%
■
Jun
Jun
21%
3%
37%
30
9 %
Jan
7%
30
*
«
—
Jan
20
43
„__
—
'
Jun
74% July
Jan
7%
150
9
Jan
9%
586
July
98% July
Jan
7%
225
I.^.IO
;
—
Playing Card—
S. Printing—
60
34
112
250
:
11
Jan
81%
8%
2.50
8% July
107% Jun
Jan
27
11%
•
S.
5
140
20
97
9
99%
5
10%
.•
6% Mar
55
28%
:__*
....
...——
Preferred
21%
814.
*
14%
23
Lakey Fdry. ds Mach. common..--—-1
10%
'
Apr
Jun
Aug
210
27%
__
1%
15%
9
—
.65
,
%
10"%
*
i'
:
Mlg common
2%
27%
*
;rf.
,—1
-
&
1%
*
A—
Kroger .1
Jan
Jan
1314
1514
•
Hura Lock
10
preferred—v——_ 12
1%
93A
„
28% July
9
;
Jun
535
450
20
*
Jan
73%
'
—
*
—'
—:
prior
1%
2%
—
Jan
96%
—
—J—
Art
97
Apr
7% May
30%
1%
—
5%
8%
50
Cincinnati Union Stock Yards.—
Eagle-Plcher
?
Jan
12%
2%
114
__
■-*
2014
107
50
Croaley Corp
1
12
10
Cincinnati Gas & Electric preferred.100
Jan
5
—
1
common
20
21%
*
—
1
27%
%
*
100
—
4'/8
21
High
8'/a
3%
5%
3
common
common——
Brewing common
Graham-Paige
Sales
LaSalle
Champion Paper & Fibre..
Industries
Finance
..
1%
—
Jan
24%
5%.
1%
—
1
common
2%
.7
part,
739
390
5%
3%
—
10
2
Products
Products
6%
27
20%
—
3
*
26%
*
Amer.
Amer.
Low
100
3%
'
—
—
10
20
Range Since January 1
14%
—,
1
common
common
Truck,
10
20
common
Detroit-Michigan
Goebel
for Week
of Prices
Low
*
Machine
Laundry
Week's
Range
Sale Price
'
es
IV2
>
——.—1
Shai
High
7%
lists
59% July
5%
17%
1
46%
1,150
40
10
362
10%
6%
sales
Sales
for Week
12%
...
—
—10
common..—
714
27
•
Motors
55%
10
10%
1
6%
—*
common
Machine
Paper,
•
1
common
Adding
52%
capital—25
V:
1
of Prices
Low
5
33
Manufacturing
Range
Sale Price
5
Atlas
Week's
Last
24%
25%
Exchange
compiled from official
Friday
,
Jun
15%
July 31 to Aug.
May'
2,350
*
common
Jan
11%
7%
•
common
30%
1,386
Detroit Stock
Apr
18%
11%
*
common
37%
6%
Jun
11 %
7%
—
•
common
Co
830
1,750
59%
•
common
9%
26%
Friday
For
100
8%
al7
714 May
6%
July 31 to Aug. 6 both inclusive, compiled from official sales lists
Standard
2%
...
:
70% Mar
650
8%
Cincinnati Stock
General
475
83A
Republic St.eei
Frankenmuth Brewing common.
Ice
15%
Jun
•
Jun
I
Columbia
30
2'/la
*
Detroit Stock
55%
:
__
1
Corp common
Rubber
'
>
5
common
Oil of New Jersey
American
a 42%
a35% a37
New York Stock
25%
8%
•
i
common
Co
Yellow Truck & Coach class B
Citv
34% July
al9% a20%
10
commo
,v.
July
J,.
•
capital
Standard Brands
Studebaker
U.
19%
Feb
83A
General Electric common.
10
25%-
■
50
Republic Steel Corp common..
Randall
Jan
23%
50
Unlisted—
98% July
.
6'A
5%
>.
30%
100
common
Radio Corp of America
Leonard
11'A
570
15 V»
15%
25
32%
a73A
a42%
-
*,<V:
4% May
68%
68 y8
__
i:—.
*
Pictures
Pullman
Hobart
May
2% May
-
4% Mar
7%
3
♦
com
Corp
Central
Paramount
Hatfield
90
Apr
*'
—
31
July
98%
•
•
Co
Interlake Iron Corp
Gibson
15
1
—
a73A
July
1
Nash-Kelvinator
Rapid
15
'
Jan
65
120
July
23%
•
Mining
Steel Corp
American
150
Feb
125% July
2
2,100
5
Curtiss-Wrlght
American
7% May
5914 July
276
4
2
common
Jan
Jun
3%
*
capital
3%
Stocks-
Copper
Standard
119% 121
*
common.:
Atchison Topeka & Santa Fe com
Martin
53%
53
__
*
capital—
Radiator
Anaconda
General
53
3%
18% Mar
7314 July
32% July
50
common——
Mach
Jan
100
common—'—
Bankshares commop
Industries
Yates-Amer
86%
Jan
16%
1
common
Stores
Wrigiey
Jan
59%
277
•
Westinghouse Elec & Mfg common
Wieboldt
Wisconsin
79%
27
28%
1
common
Woodall
564
69%
100
common
Wayne Pump Co capital
Western
83%
69%
26%
•
preferred
Products
Co
81%
5
capital
common
cumulative
25
20
common
Lines
Steel
7%
West
90
2
2714 July
15
7
Jun
100
18% Mar
4ya July
Jun
Jun
2%
2
July
7
50
11%
July
7
260
4%
'
*
2% Mar
Apr
Jan
15
Jan
Jan
2
July
17
Jan
4
Feb
14%
4%
25
Jun
9Va
'Jun
1,662
2%
87'A
•
Jun
33%
75
4%
*
Apr
42
442
2
Z
Feb
Jan
100
5%
6'/a
90
«!»
A-
3514
76
16
2Va
13% July
Jan
>
1%
Jun
40% July
30%
50
13
5'/a
fe/:7''"''X
«
class
20
118
33
16
.
LeMur
Jan
Mur
75
106%
13
5%
2%.
Refining,
15%
33
165
a22% a22%
«
Nestle
95
200
41%
33
*
Medusa
Portland
Apr
rj-'j
•.
#
106
*
Lamson & SesslonB.
National
■-
Apr
July
•
*<""■■
a36
■;
4114
Steamship
»
& Laughlin——
Jan
25
capital
Carbon
&
Gypsum
Utah Radio
U.
a36
Interlake
34% May
27%
20
•\
Bros preferred...u
——100
Hanna M A $5 cum preferred—
*
85 y4 July
Jun
22%
5
capital
Corp
United
S.
250
31%
5
capital
Transcontinental &
U.
Rubber
Halle
ft
Texas
New
16 %
25
1
common——
International
S
3%
31%
2%
common—*
Stewart Warner Corp common
Sundstrand Machine Tool common
U
2%
16 %
62
—
Standard
S
1,056
50
50
;_1.
common
Preferred
U
59%
Jan
80%
5%
.
Stockyards capital—*
Dredging
71
Jan
65
19% May
19
22
'
—
capital
15
Jan
a36% a38%
Seiberling Rubber
——
Lathe
St Louis-National
Standard
..,•,
.
Jan
10%
20
14% July
100
3%
————.—.--30
Bend
78%
1
common.:
Sinclair Oil. Corp.-
Spiegel Inc.
80%
•
„
1014
59
3,510
•
Jun
Mar
Strap—
Preferred-
South
*
common—
120
235
14
a2014 a20%
F
&
8% July
14%
25
—
Jan
64
-
a40% a40%i
«
;
& Rubber Co
High
6%
178
14%
13
13%
Manufacturing
Faultless
National Tile
Sangamo Electric Co
205
63
•
S
1
2% May
87 : v: 88
87
Mfg Co crrmmnn..«»w——50c
110
May
6114 July
12% Jun
2
2.
—.
.
*
•
9%
—
*
33
10%
1%
.
»
preferred
Jun
9%
9%
1%
-
Feb
May
20
55%
common.
2%
1,200
.
16%
56%
common.
common
3%
77%
24
Jan
26 %■ 27%
50
preferred.—
Reliance
3%'
77%
14%
150
■
16 y4
*
..1
B
(aluaKer
■—
100
common
Process
j_
10
A—.
Pennsylvania KR capital
Peoples Qas Lt & Coke capital
Poor
: :
5
preferred
Penn
■
Iron,
Range Since January 1
Low
8%
8%
a31% a32
3
common
Shares
High
22% July
92
Cliffs
Corp
Low
5
155
19
common.-——_
Body
100
•
General Tire
Parker
&
15%
15
U
Coach
20%
9%
19%
—
July
Brewing Corp of America
City Ice & Fuel—-
*
for Week
of Prices
Par
lists
Sales
Range
Sale Price
July
•
100
STOCKS-
Jan
Jan
*
pfd
14% May
4%
34
Week's
Last
26%
common
Prior lien preferred-,-.
;»
100
Nurm-Bush Shoe common——2V2
Jun
100
common
Inc
Northwest Bancorp common—
Jan
Friday
100
16%
r/%
1514
Exchange
July 31 to Aug. 6 both inclusive, compiled from official sales
High
Jan
9%
150
9
35%
33
20
10
50
12%
9
35%
cap——5
common
Corp
Airlines
Inc
Range Since January 1
Low
14%
12%'
__
'
10
-
Shares
High
14%
Cleveland Stock
for Week
of Prices
Low
_*
common
Sales
Week's
Range
Sale Price
Jun
Warner
Wayne
Aircraft
Screw
common
Products
common
1
1%
1%
1%
4
4%
4-14
4%
1,300
300
114 July
4
Jan
1% Mar
5
Mar
THE COMMERCIAL &
FINANCIAL CHRONICLE
Monday, August 9, 1943
'f
OTHER STOCK EXCHANGES
Last
Sale Price
STOCKS-
1
Corp
Chrysler
Preferred
—
America
of
Douglas Aircraft
Co
,
4
Corp
General Paint
Holly Oil Company
Co
Corp
Lockheed Aircraft
Los
Mfg
Co
Ltd
Occidental Petroleum Corp
Corporation
Nordon
Oceanic Oil Company—
Electric
Gas
Pacific
common
1st
520
■
47%
77%
76%
48Jun
Budd
(E
10 % May
Budd
Wheel
77
6%
19 %
Jan
10%
200
7
;
13%
July
Lehigh
Coal
Lehigh
Valley
5
Jan
X. 7% July
9
Jan
14
41
July
85c
May
1.25 Aug
Jan
14c
46c
Jun
Jan.,;
27c
Jan
40o
17%
200
Jan
18%
11%
12%
1,245
8
Jan
1.25
4,970
97 %c
Jan
323
Aug
1.80 May
30c
Jun
35c
July
600
5c
Jan
8c
Feb
36c
Jan
Jan
23%
Jan
30
'July
150
30%
Jan
36
Jan
75%
67'%
60c
V
32%
32%
300
29
40%
41%
bid
34%
44 %s
Jan
v;
226
76%
469
6
RR..
.....
1%
Jan
36%
325 fe
16%
Jan
40i%
552
33%
Jan
42'% July
50%
52%
805
44
Jan
56% July
3,453
9'% May
.
6%
—fe'fe-/::
7%
5%
fefev 7%
_
Light-
<k
Corp
5%
6%
$1
4.4%
Co
Philco
RR
_
_
26%
10
—
fe'r'Vfev.
:'s* :'i»—
2nd
__
_
preferred
Transit
United
$3
Corp
23%
Republic Petroleum Co
Oil
Corp
i
Warrants
———*
T~30
—
3%
1
3,175
2,685
16%
ADr
26%
6,216
23%
Apr
53
114%
1201/4 120%
Aircraft
17'%
230
14%
Jan
22% May
27%
27%
30'% Mar
6%
._
22%
Jan
2%
Jan
8'% July
63 % Mar
55%
56%
56%
164
48%
Jan
U
ik
18
800
A
Jan
—'fe-fe-fe
—
fefev
%
Feb
2% July
514
]jj
Jan
2Va July
1%
1%
fe 145
32
Jan
2% May
31%
750
17%
Jan
34% July
8%
9%
1,331
5%
Jan
10
2
2%
1,607
17%
Jun
fefe-Vfe'.
F
2%'
Company
Pacific
of
Co
California
Milling
Corp
Transcontinental & Western Air
7%
620
23%
1,770
31%
359
108
17%
7'/a
Jan
15%
15%
13
12 7%
Feb
16
Jun
21%
140
20%
Aug
26
May
2%
Jan
31% July
Friday
Week's
Sales
31% Aug
Last
Range
for Week
31%
558
28%
26%
2,685
16
Jan
30 V*4 May
38%
1,508
28%
Jan
39% May
4%
400
1%
Jan
125
8
Apr
13
8%
8
Co
Mining
Gold
Jan
13
July
Duquesne
3
Jan
4
Mar
Fort
11
11
10O
100
1.15
1.15
6%
%c July
Apr
1.15 Aug
Jan
85c
1,100
Apr
2c
Jan
3%
20O
1,000
1.15
& Std Sani Corp
Anaconda
50
—5••
Copper Mining Co
Co
(111)
&
Armour
Aviation
Barnsdall
Oil
Aviation
;
Borg-Warner Corp
Borden
Co
(The).
Pacific
Canadian
Caterpillar
Gas
Columbia
Co
Ry
Co—
Tractor
,
Electric
&
131'/8
Feb
26%
24%
Jan
■fe-3%
Jan
48
Jan
5%
160
5%
59%
fe
'
446
3%
66
12%
13
1
a34
34
15%
718
4% fe
60%
260
32%
32%
25
29
29
50
29%
Commonwealth
Corp
Vultee
Consolidated
Continental
Corp
Aug
&
Power
•fe;.
1%
Jan
65
13%
Jan
Forgings
&
Bolt
Pitts
Screw
Ruud
Corp
Steel
568
580
5%
50c
Jan
45
Jan
5
14%
140
%
%
100
2
%
15%
6
___
5
—•
fe
5
Springs—
*
Jan
9%
Jan
31
84%
Jan
5%
Vfe
80
4'%
Jan
6%
9
9%
r
535
5%
Jan
9% Aug
';fe3fe:'
6%
__
20%
50
4%
Jan
342
7
Jan
9%
7%
7%
19%
15
4%
5%
110
.
___
36
36%
31%
Established
Members
6
May
1,190
41V4
55
35%
Janfe
38%
10
36%
1%
—1
2%
Jan
6%
Aug
9% May
15%
Jan
24 7% May
180
21%
1922
:
Phone
CEntral 7600
36
Jan
16% Mar
14%
a30%
31%
320
7%
620
59Va
30
•
Libby McNeil & Libby
Inc
New
York
North
Central
American
North
Ohio
*
Co
1
—
-
Motor
Car
alO
16%
al8
4
a24%
50
Co
»
Pure Oil Co
36%
48% July
1,759
10%
Jan
20'A
Apr
120
9%
Jan
14
Apr
676
10%
Jan
135
12
Jan
163
45%
16%
10%
16%
y
18%
,
2%
25%
203
15%
26%
653
24
Jan
23%
200
a35 %
264
July
5
Jan
26%
17%
17%
9%
'■
;'fe~—
STOCKS—
May
Sale Price
\
Exchange
compiled from official sales
for Week
Range
of Prices
i,
-
Century Electric Co
Apr
Coca-Cola Bottling
Par
'
■'
Low
—10
1
common
6
6
19 %
July
12% May
Ely & Walker Dry Goods common—25
1
Falstaff Brewing common
Brewing
Griesedieck-West
25%
145
26%
11%
11%
380
26
172 :.y
20% July
*
17%
17%
495
14%
Jan
•
79
79
334
fe 59%
Jan
85% July
Hussman-Ligonier
*
6%
7%',
15
13%
13%
450
10%
Jan
15
July
Huttig S & D common.—5
8%
8%
23%
23 %
310
16%
Jan
29%
Apr
Hydraulic Pressed Brick preferred__100
5 %
7%
1,160
4%
Jan
28%
Feb
36% July
47'A
Jan
•59% July
7%
Feb
9% July
Railway Co
*
Brands
*
Inc
Standard
Oil
of
Indiana
Standard
Oil
Co
(N J)
Stone &
Swift
&
34%
.
25
Corp
Co
a54%
*
Webster, Inc
Studebaker
7
a 8%
760
36%
56
8%
,
*
"fe
162
100,:. W-
May
International
24%
Feb
25 V*
42 Va
Jan
50% Aug
Tide
(The)
Water
Carbide
Jan
15% July
National
121
50%
50%
310
84%
■
Union
Pacific
RR_____
Lines
Air
United
Aircraft
;
—
Transport
Corp
Corporation
U S Rubber
10
Corp
:
—
(Del)
—
Co
Bros
______
Woolworth
(F
Inc
W)
For footnotes
254
a93%
95%
28%
505
18%
—5
a31%
32%
65
27%
_»
1%
1%
1,700
—10
a27%
page
571.
*
36%
36%
36%
5%
"7
5%
7
7
16
16
Apr
15
15
a39%
a39%
41%
445
33
a52%
54%
332
4«
13
435
12%
a90%
91 %
1
a7%
7%
a37
38
K
V
70
57
2
.36
%
Feb
7% July
7%
Jan
8% May
60
3%
Jan
7%
349
28%
Jan
50
300
200
10
-fe
.
..
43%
5
Feb
Jan
Apr
38% July
6% Mar
7%
Apr
Jan
18
Feb
13% Mar
15
Aug
153%
16%
205
12%
Jan
16% July
2,113
14 %
Jan
38
Aug
121
122
33
Mar
122
Aug
100
St
Louis
Louis Pub Service
preferred
Car
Electric
Wagner
6
Jun
35
2%
Feb
1
10
10
100
8%
Jan
11%
10
10
6%
Jan
12
1
15
10
July
29%
30
305
24%
Jan
32
July
1945
90
90
91
July
1941
94%
94%
10
common
Sterling Aluminum
117
common
common
common
A
5%
29%
5%
5%
Jun
15% July
J an
82
5%
5
223
38
St
59
13
July
27% July
Jan
16%
Jun
43% July
Jan
7%
17
July
35
27%
Jan
26% July
16%
39 % May
2% May
26
Jan
15
Jan
Jan
Jan
38
common—
Jan
Jan
7%
.
"
Candy
Apr
1st
'
Blanke common
*
Portland Cement common—25
84%
Apr
Mar
U
a53
5
a37%
see
5 %
225
a26%
100
__50
—
Westinghouse El & Mfg Co
Motors
82%
*
Pictures Inc__
Willys-Overland
13%
82%
_5
United States Steel Corp
Warner
13%
280
—*
Co
Carbon
&
United
United
Oil
Assoc
Union
common.—
Missouri
9%
26 '/a
-
Meyer
Texas Corp
shoe
Key Co common
*
Laclede-Christy Clay Prod common—5
Laclede Steel common
20
'
a25%
25
——
13
common—
Jun
Jan
;'fe 160
10%
8
5%
10 V2
1
fe
..V
10 72
25
________________
.
1
Jun
17%
60
24
11%
common—*
High
6%
Jan
23
30
24%
Socony-Vacuum Oil Co
Southern
Low
3%
26%
25%
Republic Steel Corp
Sears, Roebuck & Co
Standard
Range Since January
Shares
High
23% Aug
Jun
lists
Sales
Week's
"
Jun
„
Jan
5
Last
31%
'
12%
1,098
Friday
277/a
23% Aug
285
9%
•
July 31 to Aug. 6 both inclusive,
18% July
21
-
Jan
4
St. Louis Stock
Jun
Feb
415
a33
Apr
66% July
*
__i
8%
'
Jan
Apr
•
of America
Corp
5%
54
23%
26%
25
—
Pullman
a 10
*
1
Inc
Pennsylvania Railroad Co. /
Phelps Dodge
Radio
15%
35
Jan
30
•
*
Co—
Pictures
Paramount
43%
*
Company
Packard
a44%
•
RR
Aviation, Inc.
American
Oil
a59%
*
Ward & Co
Montgomery
7
_
Loew's,
V
693
New York Curb Exchange Associate
Mar
Jun
6%
31
13%
fe
Bell Teletype 8L
Associate Member Chicago Mercantile Exchange
1% May
32%
775
29%
13%
Copper Corp
Jun
PoRtal Long Distance
Chicago Board of Trade
Chicago Stock Exch.
39% July
;
256
30
*
'.
Corp
•
Feb
1
100
1%
*
International
Tel
3% July
100
.
New York Stock Exchange
July
41
Apr
International Nickel Co of Canada
Kennecott
39
Jan
a40%
&
Apr
Olive St.. ST. LOUIS
705
Apr
fe*.
Jan
2
a37%
Tel
97% Julv
Edward D. Jones & Co.
7% May
•
Graham-Paige Motors Corp
fe
129
V
7
.
St. Louis Listed and Unlisted Securities
Apr
165
6
al9%
36%
14% May
11%
A
1 % May
20%
Jan
*
Co_—
Mar
94%
'.fefe
21%
Westinghousej Air Brake
15"% July
Jan
%
40
15%
9%
18
•
(B F)
95c
Jun
150
i
Co
Foods
Goodrich
July
Jan
Apr
3%
Corp
Electric
General
8
0V4
l./'.
St. Louis Stock Exchange
General
Jun
Jan
25c
500
July
9%
8% July
7%
3
*
-
8%
94'%
25
CorD
-
18% July
102
Jan
11%
...
Shamrock Oil & Gas commonStandard
: ;
8%
50c
—
_
Manufacturing
92
137
99'% 101
,
«
Pittsburgh Plate Glass—
Aug
Jan
42%
*
Light Corp
1,105
16
7%
-10
Fireproofing
Hi/2 May
6%
55
13%
15%
2%
16%
2%
k
Jun
14% July
fe.:;. 3
July
July
40
1
Class A
Electric
29
9%
1
Curtiss-Wright Corp
69
48%
•
1
Jan
33 % May
3%
—
Motors
8%
Jun
Mar
38% July
fe
9%
*
*
:
Southern Corp
&
976
Supply
July
a48 %
Corp-—
Jan
13%
High
1%
5%
'
•
Solvents
Commercial
19
Feb
29
fe
Apr
2
,,
19% May
fe
35% July
60% Aug
75
60%
July
6%
Jan
a33%
6
4
460
13%
IS
fefefe^fe
Gas
Fuel
Apr
31%
Jan
1%
'
*
Jan
64% July
Feb
10
31%
Jan
15%
17
4%
5
*
5
15
—25
*
Corp
Bethlehem Steel Corp
156% July
969
al7
15%
5
Co
43% July
965
58
13
Locomotive Works vtc
Baldwin
•10
39%
11% Jun
al50% 155%
26
5%
Topeka & Santa Fe Ry__ 100
Corp (The)
(Del)
3
Atchison,
Bendix
al52%
100
Tel & Tel Co
American
a39%
"*
Refining Co
American Smelting &
6% Jan
41 % July
1
155
9%
9
•
Star
Pittsburgh
'
Amer Rad
Lone
18%
500
3%
5
Kopper§ Co preferred-1—
Mountain
125
1%
3%
—1
—
fe
26%
1 %
_
:
-
_
Low
High
24%
-l
•
Refractories—
Walker
National
Stocks—
Unlisted
_____
Brewing
Brewing-
Pitt
Harbison.
lc
common.-
Columbia Gas & Electric
8%
15%
5% •5%
1
Chollar G & S Mng Co
Cons.
May
Finance
22% July
2,097
lc
10
Auto
*
Allegheny Ludlum Steel
24% July
100
20%
3%
13% July
Range Since January 1
Shares
of Prices
Low
Par
Jan
20%
19%
3%
Sale Price
STOCKS—
Jun
19% Mar
al9%
11
5'/a
Jan
6%
2,907
■
official sales lists
30
25 %
Co—10
—1
Juneau Gold Mining
Pittsburgh Stock Exchange
July 31 to Aug. 6 both inclusive, compiled from
25% July
Jan
Mining Stocks—
Cardinal
Jan
21%
31%
preferred_10
Alaska
Jan
4
•200
3%
Jun
July
July,
4% July
7% July
13
;
Feb
8%
.
27
Jan
427
.
4%
Oil
Consolidated
42
36%
Yosemite Portland Cement
Universal
Jan
31%
25
10
California
of
Oil
Union
32
25%
2
5
Corp
Transamerica
10
23%
13
.
46% July
38%
13
V. " J
20
5% Mar
Jan
31%
1
*
Sunray Oil Corp
Taylor
Jan
35%
11%
7
*
•
Co
Oil
3%
74
23%
25
25
preferred class B
5% % preferred class C
6%
Standard
922
4
26%
3%
July
2% July
20 %
V. ,.;
10
_
_
Feb
655
2'%
29%
1%
4
...
Inc
Coal
%
2
1%
'
__
..
30
150
7
1.50 July
Jan
25c
100
1.30
341/4 July
Jun
261/4
16%
16%
«
...
distribution
Westmoreland
120% Aug
Jan
Jan
4
Westmoreland
Aug
Aug
13%
-
Jun
6%
Jan fe
45%
11%
Sontag
Southern
7%
Apr
20
26%
r
30'% May
25
—
11% July
Jan
2.10
550
lV/o
Drug Stores
*
Southern California Edison Co. Ltd—25
Corp
Sinclair Oil Corp
Solar
2,383
38%
15
——*
1
Oil
Union
5%
10 Va
26%
Security Co Units of Ben Int
Shell
1.30
3%
a 43%
*
Inc—
Stores,
•
10%
*
Ryan Aeronautical Co
Safeway
5 '
1
common
common
32%
Jan
27%
20
219
25
common
-
Improvement common.
Ex-stock
July
Jun
245
50
Corp common
Gas
4% Mar
22%
*
preferred
United
Jan
33%
—3
_
_
—
2,509
21
_
Invest
3%
•
4%
19%
Mining
Preferred
7%
33%
pfd.25
common.
Oil
Sun
81% July
Jan
50
87o
Power
Salt Dome Oil Corp
Tonopah
Jan
25%
fefe'V;
*
Jan
2%
"
1
Electric
Corporation
Reading
w-i.
common
preferred
Philadelphia
«.
i
w
com
Aug
4'%
145
25"%
26%
50
new
preference
36%
3'%
698
6
4%
4%
__
Apr
851% July
7% May
39
4%
?Vfe;'
51%
•
May
10%
fe
32%
-
!
'
Richfield
10
Jan
«
May
32% Aug
Mar
27% July
Jan
6%
36%
_
Navigation
&
Electric
New
July
100
35
Phil
May
9c
35c
82
1,6U0
29%
35
12 %
300
45c
45c
./
4,100
34c
31c
3
24% Mar
6%
11
36C
:
650
235
*
Feb
July
11%
10%
6c
6%
—
•
_
—10
Power
Pennroad
Aug
2% May
34c
a28%
National
t 10% July
Jan
17%
41%
•
Jan
n
1,000
40c
1.50
4%
"
Feb
:fe
8
Mar
Jan
57%c Jan'
Jan
12%
158% July
19% May
Jan
111%
145
6%
4
common-
May
26%
127%
245
7%
i
0
Motors
55% July
50
>
General
12
200
1%
16%
23%
7%
_
Storage Battery
425
60O
9%
30c
common
Pennsylvania RR
1.50
a6c
Electric
Jan
fe
300
9%
30c
Co
Jan
375
77 %C c77%c
1.20
Pub
Feb
500
36%
13
Jan
Co
Prior preferred
44%
400
■
Curtis
Jan
11% July
;
High
15% May
11% Mar
76%
Mfg
5%
525
52'/a
15%
•
Chrysler Corp
66% July
•
41
957
22%
f
10
Co.
405%
'j
10
425
50%
7%
fe
481
10%
10%
.13
c_
'
Low
14%
July
7% July
Feb
63
71
60%
a60 %
G)
10% May
Aug
3%
1,100 '
■
t
v
V
■
Range Since January 1
150% 155 %
152%
Works
'
='
■
Shares
High
13%
Tel
&
22%
Jan
705
2,500
9%
7%
Low
■
'
19%
Tel
American
Baldwin Locomotive
Barber Asphalt Corp
for Week
Range
of Prices
Sale Price
•
Jun
Jan
68%
50
Jun
Sales
Week's
Friday
»•
Co t
American Stores
Jan
8
550
9
8%
40c
35
••
:
■
STOCKS—
July
2.05
14
Jan
19
25
Jun
42
fe.,
Jan
7%
922
1.25
fefe
preferred
5% % first preferred
—25
Paciiic Lighting Corp common-—
*
6%
'"i;:
al%
~
5c
1
1
1
25
25
Company—
Oil
Mid-Western
Jan
35 Va
Co———--10
—1
Angeles Investment
Menasco
77% c
10c
1
10c
1
Petroleum Co
Lincoln
13%
1
Motor Car Corp
Petroleum Corp
Intercoast
Lane-Wells
Jan
75c
7,;
Co
Car
Motor
5l%
1
1
Holly Development Co
Hudson
30%
•,
lVa
13
10
*
*
Rubber Co
&
Tire
Goodyear
50
44
425
common---—*
Corp
Gladding McBean & Co—
Hupp
10%
Co
5
& Merchants Natl Bank—100
Metals Corp—
2.50
General
5
8%
a60%
*
•
4% May
Jan
7
Derrick & Equipment
Farmers
Feb
3%
19%
9
*
—1
'
;
Products
Electrical
Emsco
1.80
1,450
—.
—
Creameries
900
4%
47%
76%
V
Par
3Va
1%
5
,
Consolidated Steel Corp
High
12
8%
Vfe•
'
Last
3%
43
preferred—50
1
Broadway Department Store Inc
*
Central Investmerfl Corp
—100
Cessna Aircraft Co
..————-1
5%%
-
Range Since January 1
High
Low
Shares
of Prices
4%
3 %
50c
Oil common
Chica
Bolsa
■fe
for Week
Range
Low
Par
Accessories, Inc
Bandlni Petroleum Company
Aircraft
Week's
inclusive, compiled from official sales lists
July 31 to Aug. 6 both
lists
inclusive, compiled from Sales
official sales
to Aug. 6 both
Friday
Barker Bros. Corp
Philadelphia Stock Exchange
Angeles Stock Exchange
Los
July 31
82
July
Bonds—
Jan
I ouis
Jan
8%
Jun
St
Mar
40%
Jun
Scullin
Car
Steel
6s
extd
3si_
_.
$500
85
M2r
1,000
85
Feb
95% July
Volume
158'
Number 4201
THE COMMERCIAL
Montreal Stock
Canadian
July 31 to Aug.
6 both inclusive,
Algoma .Steel
•
Aluminium
*
common
Aluminum Co of Canada pfd
Asbestos
Corp
:
Associated
Breweries
Power
&
Bell-Telephone
Brazilian
?
tsntisn
T
Co
L
&
of
ion a/4
Feb
500
21%
Jan
•
;
Mills.
Cement
_
154
25%
25
28%
28%
.
*
«
:■
«
*
Bathurst
Beauharnois
Preferred
Brandram-Henuerson
Feb
British
*
7%
preferred
Canadian
Foreign
Canadian
Alcohol
Stores
Apr
12
July
14'A May
Canadian
Jan
Jan
38
Canadian
830
32%
215
'S2
Steel
Gatelli
Commercial Alcohols Ltd
37
36%
138
325
138
22%
27 Va
Jan
37
Jun
Food
Consol
Div Sec
60
133
Feb
140
July
Consolidated
22
Mar
23
July
Cub
Paper Corp
Corp Ltd
Aircraft
17Va
Jan
33
May
Dominion
Oilcloth
20
7.20 VB
Feb
125
Jun
Dominion
101
Jun
31
5%
10
-
5%
25
Feb
July
33 %
.•'Preferred
Apr
Donnacona
3%
Jan
5%
Jun
3%
Jan
Eastern;Dairies Ltd. 1%
5%
Jun
7%
Fee
12% May
9%
Jan
13% July
11
11%
6,475
12%
350
45%
45%
256
28%
29
530
31
31
-
50
Fairchild
Paper Co Ltd
Ford
27% Mar
29
July
31
Aug
35%
635
26
36
July
95%
Jan
107
Jan
31% July
Maritime
14%
14%
50
llJ/2
Jan
16%
Massey-Harris
;
•
*
9%
9%
75%
Feb
1,849
8Va
i'l;
Jan
11
90
590
6
Mar
280
76
Aug
Julv
July
81
155
153
5%
7
-
151
4
Jan
10%
Jun
9% July
Mar
July
7%
8
515
5% Feb
9%
250
5%
Jan
10
July
3
Jan
7
Jun
50
15%
9%
98
12%
•
9%
9%
12
•
14%
8% July
19
12%
Feb
16% July
7% Jan
25
98
109
7Vo
100
16
98
__100
11% July
86
Hollinger Gold Mines
Smith
100
Hudson
8
185
94
Jan
5
Jan
7%
Jun
47/a
Jan
8
Jun
8.90
Jan
6%
555
11
11%
1,030
14%
11%
*
common—
100
Bay
105
*
32
Mining
Oil Ltd
Imperial
Tobacco
Preferred
•
of
Can
14%
410
Jan
31%
13%
109
Jun
July
Jan
21
11% July
Jan;
98%
795
32
12
140
104% 105
16 '4
industrial Acceptance Corp
International Nickel
of
:
Power
com..*
Ltd
Co
491
7%
30
':
•
21
21
35%
:
35%
36%
16 % July
105
Feb
22 %
.
22
12
Jun
32
Jan
Mar
17% July
10% Mar
7
12%
Jan
130
13
33
:
Jan
1,975.
Jan
;
23
317
17
Transport
Copper
Kirk
Malartic
Jan
7% May
21
July
East
Mines
39% Mar
Jan
24
July
8%
9
26%
Steel
Electric
29
Corp
34%
35
—
39
40
58
58%
::
*
9
26%
Jun
Price
5%
v.-'-
:
Co
&
Ltd
&
Paper
24
Feb
7
July
Jan
22
July
Jan
7
May
97
51
87
Jan
97
43 vr*
"S3
July
40
May
45
July
7%
100
7Va
Lawrence
Class
St
15
15
*
common..:
6
_—*
Co
*
—
—
—.
Malartic
Mines Ltd..
Goldfields
O'Brien
Mining
5%
Jan
Jan
9% July
Jan
27%
Jun
22
Feb
33%
Jan
34
July
!l 430
36 %
Jan
40
May
A 666
;
38
Jan
62
July
Apr
225
15
Feb
18
Jun
1,595
40
Jan
48%
Apr
122
24%
87
9%
:
10
145
15%
15%
17%
95
85
Feb
97
15
10
Apr
17
Jun
3%
25
2
Jan
4
Jun
103
104
5
5
1.75
St.
Lawrence
50
Paper preferred—100
Shawlnignn Water & Power..-—
•
Williams of Canada com.—*
of
Co
Canada
3%
—*
common
17
0
common
Sherwin
Steel
—
Jun
City Rapid Transit common
United Steel Corp
Cotton
Wabasso
Jan
Jan
Preferred
Jan
16
Zellers
Ltd
15
,,1
6
Jan
10
8% Mar
9 %
.
,•
San
Gold
3%
1,365
17%
600
11%
Feb
Antonio
6,800
10c
Jun
7c
5,000
2%c
Jan
7c
July
10,850
12c
Jan
62c
Aug
3 %c
17'Ac
3%c
60c
3%c
8c
24%
1.65
Corp
Gold
Mines
Siscoe
Gold
Sullivan
Ltd—
Montreal
Nova
('Bank
Scotia
120
24
Feb
33 %
43
43
150
19
1,690
16
16
200
67
67
80
25
17%
25
105
7%
*
5%
5%
10
7%
5%
-
40
*
57
56%
57
235
7
6%
7
1,915
58
1.75 Jan
32%
Feb
16% Mar
13% Mar
47.
Aug
July
19%
Jun
16% July
59%
Jan
72
22
May
26
Jan
58
58%
276
6%
4%
47
2%
21
17%
17%
85
13
26%
25
24
100
155
100
Royal Bank of Canada.,.!—
For
footnotes
see
132% 132%
100
139
of)__—
page
571.
Feb*
1.13
6c
8c
80c
Jan
47c
Aug
i
1,500
Jan
Mar
1.70
Jan
21c
»
July
July
July
25
Feb
5,900
a? 1,200
47c
60c
July
1.60 Aug
"
33c
:r
July
47c
Aug
6c
10,500
2%c
Feb
6c
7c
8c
6,100
3%c
Apr
8c
Aug
July
5.75
5.75
400
3.95
Jan
5.75 Aug
2.70
1.07
1.10
2.70
,100
1.66
Apr
2.70 July
1.10 July
96c
Ltd
5%c
Sylvanite
Waite
Mines
,—100
Gold
...
East
5c
Jan
May
1.10 July
July
2.75
300
1.93
1.91
1.93
300
ll%c
2.15 Mar
1.44 Mar
4c
4c
99c
99c
7.75
4c
1.00
:
7.75
400
4c
59C
59c
Jan
3.55 Aug
1.93 Aug
Aug
4c
Aug
400
66 %c
Jan
1.04 July
600'
5.10
Jan
7.75 July
60c
July
59c
2,500
38c
1
46c
46c
2,000
36
Jan
47
July
1
85c
85c
3,218
68c
Jan
85c
Julv
1.00
1.95
1.95
1,000
—1
Ltd
:
r
,
:
Ltd—
Ltd
Mines
.
—1
Ltd
Mines
'.
.
Oil
Crest
Home
Oil
Royalite
Co
5.45
5.45
200
.<•v ;.
Oil
Ltd
——*
45c
45c
45c
*
18c
18c
19c
Ltd
Co
Ltd
('o
3.75
.*
Oil Company Limited
Jan
1.52 May
3.60 Jan
1.95 Aug
5.45 Aug
3.65
25
*
700
1,500
3.75
1,350
255
25%
30c
Jan
10 %c
Feb
21%c July
2.66 Jan
4.00 July
26
Apr
21%
46c
Jan
July
—j
Toronto Stock
Canadian
July 31
1
Exchange
Funds
to Aug. 6 both inclusive, compiled from
"
-
Friday
,
STOCKS—
6%
&
Paper
Range
Sale Price
*
common
preferred
Acme
Ajax
Power
Gas
Oil
Feb
Jan
May
9% July
6
Apr
&
&
3c
A
Oil
Gas
;
Co.—
25
•
ll%c
1
1.50
,
58
Jun
Jan
63 % July
Aluminium
Aluminum
Oils
1
•
17c
common
*
10%"
Cous
Copper
Ltd
Co.
Jan
Jan
13
26%
July
Jun
*
Arjon
5%
128
Mar
Jan
155
156
60
147
Jan
1«0
254 '
254
12
223
Jan
254% May
Bagamac
132
Jan
141
Bankfield
132%
139
Aug
July
5,500
15c
500
16c
18c
15,300
10%
10%
25
15c
High
V
...
4% July
5
Jan
29'A July
6c
Jan
14c
13%c Jan
Feb
1.60 July
Jan
17c
Jun
9c
Jan
8% Mar
20c
Jun
July
9c
11
114
350
106
Jan
133'A Mar
102
137
100%
Jun
102% Feb
4.50
4.50
4.70
1.390
3.00
Jan
7.11
*
111
64c
5,000
20C
29c
33c
54,600
22c
38c
43c
5.000
35c
1
4%c
4%c
5c
__1
9%c
9c
10c
——1
2.90
2.81
2.97
16,200
1.25 July
1
16%c
16c
17c
24,075
lie
10%c
14c
48,683
8%c Jan
4c May
—
i__—1
Mines
Ltd—
2.000
•,
23,400
3c
4.70 July
33c
July
July
53c
Feb
Jun
58c
2Sc
42%
Mines
Gold
Gold
3.395
10,500
Jan
101%
Astoria Quebec Mines—
Aunor
26
12c
1.55
70c
101%
Porcupine Gold Mines
Gold
1.50
Range Since January 1
Low
3.739
*
Canada
Anglo Huronian
Aquarius
__
23%
IOV2C
Shares
High
3%c
pfd._100
common.....
of
8% July
Jan
Pacific
Aldermac
3c
official sales lists
Sales
for Week
of Prices
L010
.
100
A!goma Steel Corp
129
75
Week's
Par
Abitlbi
4
141
78c
63 %c
Oils—.
41
140
500
2.55
—1.00
Ltd—-—
Ltd
Mines
Mines
Amulet
139
138
700
:
2.75
',—1.00
Ltd
2,900
1.10
■
1
*
1.10
1.03
5%c
Apr
25%
———100
—:———
Feb'
19%
Feb
3c
5.75
*
Ashley Gold Mining
—r—
:
5%c
500
1.60
33c
47c
r
7c
..1
Mines
Mines
(Quebec)
Cons
Armistice
Canadianne
Apr
1.65
1.25
33c
~6c
1
Feb
Mar
2c
24%
1.65
1.55
2c
40c
20
3%C
8c
33c
2,000
1,200
4,000
1,000
60c
3c
'
Sigma
4
July
18% July
33%
Banks—
Commerce
May
62c
3%c
Dredging Ltd——1.00
Sherritt-Gordon
10% May
17
*
—
20c
2.00 May
lCc
1
July
50
■
25
common
Preferred
56
Jun
*
——
—
Aug
Jan
Jan
7c
July
14
219
100
common
5
1.25
47%
56c
1
Nickel
10% July
19% July
83
16
17%
*
—
Electric
Feb
590
55%
8% May
Jan
67
preferred—_—100
Twin
Winnipeg
3%
105 V8 May
16c
——*
—
Gold Mines Ltd
Cons
Alberta
Brothers
Tooke
15
Jan
285
1.85
55
102
Jan
33%
"
common
Flour. Mills
49
Feb
6% July
62
100
9%
10
6
Feb
Aug
24%
6% Jan
480
4,290
9%
Jan
Jan
18
10
165
FeD
82%
common.„...»
,
4
24
10
15%
25%
Jan
15
8%
.
17%
—
Jan
100
24%
8%
22%
160
50
;
6
24%
82%
;
1
July
•
*
common—
Corp
7% Aug
r
16%
Ltd.—1.00
Ltd
10
100
.i
preferred-
A
Lawrence
5% Mar
90
Last
St
i
v
62c
*
Pickle Crow Gold Mines Ltd—
26
165
common
Mills
July
3%
1.75
Ltd.————_1.00
Rand
Lamaque Gold
Dalhousie
162
*
Knitting
Rolland
Dev
Mines
Gold
May
547
48%
24
Quebec Power
Regent
July
5%
43
103
1
11
G %
17
163
Rwys—*
preferred—
22
103
3%
—1
Ltd—
Jan
v
•
of Canada
Corp
Bros
Jan
Jan
16%
97
*
Limited
Mines
8
5
17
48%
*
•
Ottawa L H & Power, common—100
Power
Jan
14%
98
150
*
U
Mines Ltd
Pato
24%
f;
48%
—*
'eV'v*
Products
Jun
510
1
Ltd
.1
13 Vb Juiy
'280
29
34%
„.25
Aircraft—
15%
438
—1.00
Jan
2,032
26%
100
Car
Aug
16%
1
Ltd—
9%
1,138
y
8%
26%
•
Preferred
Ontario
14%
89
Ltd.—1.00
15
...
9%"
8%
•
—_100
common
Ogilvie Flour Mills common—
Ottawa
Mines
20
*
—
Noranda Mines Ltd
Ottawa
75c
5%
1
*
Mines
Goid
Inspiration Min
Kirkland
15% July
—_—;
'
13% July
Jan
20%
1
Ltd
Corp
Sladen-Malartic
•
33
Jan
15c
5
43
pfd_100
Mines Ltd—
Mines
Gold
Francoeur
Ontario
•
-
•625
95%
—50
Ltd
Ltd
Malartic
Eldorado
Jan
Light Heat & Power Cons
t
„1U0
Ltd.,
Gold
Century Mining
Jan
Massey-Harrls
Weaving
21
:/v
—*
Mines
Gold
Cadillac
14•
10%
Wire
20
-2
Jun
25
July
20% July
57/a Jun
•
Jan
3%
Jun
July
6%
20
*
Corp
Mines
Gold
Bouscadillac Gold
Candn
Central
19
10%
■
14%
102 Vb 102 VB
•
cum
4%
28
Jun
20
'»
75
7
Jan
Jan
700
July
May
Jan
1.50
Jun
7
Jan
30c
6%
2%
3%
19 %
11%
6 Va
14
35
Jan
12%
120
30c
21
Jan
21% Mar
•'
Apr
July
77/b July
3% Mar
14
870
14%
pfd—10
Products Ltd—
Gold
Bidgood
Jan
13
Niagara
fi. 11%
100
9%
•
1,047
*-:r
4%
—
31
Jan
Mines—
Aldermac
15
12%
'it.-,'.'
18%
5
110
3
Car
23%
4%
Aug
36%
Jan
3
890
•v
10
22 % Mar
75
\
18
V
'
55
Normetal
Steel
5
23
18%
pfd—_100
6%
1.30 July
250
28
4%
23%
W—
100
Jan
85
National
Pow
6% July
Jan
24%
25
3%
28
•'.'*
-
4%
1
44
28
3%
-
*
Standard Clay
Jan
135
i
6%
27
Brewery Limited
*
Walker-Gooderham & Worts Ltd com-*
6
15 %
Preferred
1,238
B
98
25%
Breweries
6%
6%
Grain Co Ltd pfd———*
Bridge Company Ltd "A"
*
Class
Feb
Jan
42
*
Co—,
8
3
700
12 Va
Feb
65c
4,629
12%
Reliance
Southern Canada
2
5%
1.05
400
Aviation Ltd
Provincial
30
15
Tramways
Co
;
10
6%
pfd„
6%
1st pfd
N. C. Part 2nd pfd—
6%
'20
25
Montreal
Apr
28
5.00
Power Corp of Can 6%
11
*
National
6%
29
Ltd
109
*
Oil
Jun
5
10
Robert.
Noorduyn
11
Sons Ltd (John A)
Laura Secord Candy Shops——
Legare Ltd Prefererd—:
i
Mont
3%
6
6%
Ltd—
Mitchell.
109
&
McColl-Frontenac
2% May
150
1.00
—•
Limited
Joliet-Quebec
Lake of the Woods common——
Lang
700
10
5%
Co
Oil
*
—
July
8%
27/s
6%
28
"A"
Distilleries
—100
common
Preferred
2,655
12%
7
21
Canada
International Petroleum
International
16%
12%
7
—£1
__•
15%
12%
common—5
—■—_*
12
5%
McColl-Frontenac
Dome
Imperial
Jan
86
2%
6%
July
780
7%
6%
—
5
Paper
12
2%
Walkerville
Mar
365
103
7
Tel
&
Ltd
Beaufor
Bridge
Preferred
11
11
1
Teleg
Jun
Apr
Aug
26%
:
Co
Sarnia
-
•
Howard
Corp
3 Vb May
10%
7%
•
A
Melchers
9%
9%
•
Hamilton
155
;
9
152
100
common
Feb
76%.
75%
*
Gypsum. Lime & Aiabastine
152
10 %
8%
*
common
9%
10
8%
loo
'.
25
Jun
'
•
__
Products
155
155
'
.«
,
Class "B"
Aug
Jan
45 'A
July
247/e
169
Jan
2
Jan
*
Utilities
Jan
100
Feb
85c
Jan
*
421
107
Mar
3%
Companies voting trust—1.
Hydro-Electric
Secur
Corp
29%
10
390
169
39%
pfd—100
:
Ltd
160
2%
9
Jun
10% Aug
Jan
56
International
35
Jan
29
25
Preferred
Canada
'1
Aur
148
*
Ltd
of
8%
25
*
Fraser
22
Motor
344
25
1
July;
10%
July'
6%
•
46
19
45%
Fleet
37% Jan
110
*
Ltd
■
cum.
Aircraft Limited
Jun
15% Mar
67/b
Fanny Farmer Candy Shops—
Aircraft
107
169
*
_
25
;■•€
88
85
20
Co
—•
% July
July
<
45%
•
*
—
490
5%
;
110
107
5
——
Ltd
Linol
&
Aug
91
9
__2.50
Woollens—.
30
28%
Aug
100
2 %
•
Engineering Works Ltd
",™25
110
41
Jun
169
*
—
common
preferred-
125
5%
a
Ltd
Jan
91
164
—5.00
65
22%
Products
36%
*
Ltd—
Preferred
125
.—,1—100
Canada
Co.
July
22% Aug
90
18
■
July
104
Jan
*
common
Ajjr
25
;_
Ltd
Westinghouse
Julv
29
1
Wares
Vickers
Canadian
*
■(w,
preferred
Canadian
15
28
Feb
17%
10
10%
pfd—*
17% Mar
102
140
110
1
28
Feb
Apr
22% July
98
160
100
Jan
Aug
8
,7%
90
18
10%
17%
87
Feb
11,595
41
f
110
*
Co
Paper Inv. 5%
July
•
Power
5%%
4% Aug
41% July
3*
Jan
&
12
i_
*
Corp
Gatineau
Marconi
Pr
31
12%
Ltd
of
May
100
Dryden Paper
Co
31Va
B_
5%
30
22%
98
*
class
'
v.Vv''
24
90
110
128
840
,
v
103
22
*
Investments
—
Jan
11
*
■—
Foundation
4,170
41
31
&
& Coal B
Heating
?25
4%
3% July
27% Jan
5%
25
A-1-—t
Preferred
&
34 Va
preferred
Jan
'125
Dominion Tar & Chemical common
*
Dominion: Textile common
——*
Electrolux
Industries Ltd
5%
9
7%
*
com
common
,
Steel
General
27%
!
Dominion Glass preferred
Dominion
Dredge & Dock Co Ltd
Canadian
185
4%
Aug
41
pfd 100
Canadian
Aug
653
28%
-
—;
Dominion
Wire & Cable 6% % cum
815
•
\
Canada
7%
4
4
7
22 VB
103
22%
*
Jun
106 Va
75
4
July
11% July.
Jan
7
7% : pfd__100
L_
Feb
80
21%
103
•
29
Jan
10
v.W;i 4
.
«
Power
1,435
class A„*
Dominion Bridge
Dominion Coal preferred.*.
^
8%
Jan
2%
9%
95
87
23
Co
Ltd—
110
100
Plow
»
Packers
Dominion
Crown Cork & Seal Co—
<
Jan
Northern
12%
:
Seagrams
4Va
92
Canada
Canada
10%
138
_
Preferred
Feb
170
'4% July
July
Jan
11
7
21%
pfd.100
cum
Sugar
20%
—
Consolidated Mining & Smelting
Consumers Glass
Distillers
9
5
;
Malting Co Ltd
Jun
16% July
17% July
10%
„
Cockshutt
-t
.
Dominion
9%
100
Canadian Pacific Railway
Canada
:
&
29%
37
.100
_
Investment
5% May
32%
—L.i.l.a-'—i'ja
Industrial
_
j
_
Cottons 'preferred.!—
Fairbanks preferred
Calgary Power Co Ltd 6%
Canada
9%
a
_____
Jun
Jan
3%
High
Jan
5%
87
Packers Ltd—La—
July
11%
161
Columbia
Ltd
Ltd
29
Mar
2,356
11
'
•i
Vane
Co
29%
•
Alii
—£——i-
•
5%
550
'
of
Oil
28 VB
40
32%
25
_
common—'—
Canadian Converters
B
8
106%
Distillers
Jan
Jan
13
'
Ltd
Low
G5c
'
&
American
British
87
Range Since January 1
5,450
26
26
11
Shares
3%
3 Va
*
100
common
lists
High
2%
t;
•
Corp Ltd
Ltd
Apr
July
25
Paper class B—
Power
Eelding-Cortlcelli
Canadian
*
common-
——
Canadian
30
4%;
■
.
_
Celanese
Canadian
17 :V: 017 %
34
participating
Rights
80
100
&
3
sales
for Week
■
of Prices
Low
*
common
Jan
2
600
Paper
Power
12%
12%
*
common
14%
&
15%
155
Sale Price
preferred
10%
•
Canadian Car & Foundry common
General
Feb
6%
Power
official
Sales
Range
■Par
.
Abltibl
20
Jan
23 Va
275
7%
7%
_
common
141
'
224
*16%
8
...
—
Enamel
Jan
:
Mar
25% July
12 Va Mar
1,955
1
4
'
16%
-I—,;;".
-
29
.
7%
*
.
Power Corp
Breweries
Preferred
Class
15
191
25%
3%
—
preferred
Canadian
155
106
Canadian Bronze
'
55
280
_
common
Northern
Canadian
t
18%
13%
*
_
Sieam&nlp
•
25%
13%
13%
*155
•
Canada
.
103%
285
25%
18%
'
Canada-
P
Canada
,v
133
10by2
101% 102
25%
Preferred
7%
July
Jan
*
Silk
5 %
11
101% \
*
A_.
B
Canada
Feb
597
*
Paper class
Building Products class A__
Bulolo Gold Dredging
1
8V2
114
_
Bruck
Feb
.485
10%
14
112
•
Columbia Power Class A_A.
Class
.s
10
High
Jan
112
50
_
common
Low
11 VB
Brewers
Bathurst
•
10
STOCKS—
Range Since January 1
40
v
•
from
Week's
Last
Shares
13
Funds
compiled
Friday
High
13
*
common—
Ltd
Low
Sales
.
of Prices
i.
July 31 to Aug. G both inclusive,
official sales lists
for Week
Range
*
common...
from
Week's
Sale Price
Par
Shoe
Canadian
compiled
Last
STOCKS—
Montreal Curb Market
Exchange
Funds
Friday
Agnew-Surpass
& FINANCIAL CHRONICLE
Apr
68c
July
May
5%cJuly,
12%c Jun
2%c Jan
/
3.00 July
Mar
Apr
Mines
'
.—
Consolidated
Mines
—
1
v
19%c July
15c July
}<
i
THE COMMERCIAL &
Last
.
Par
Low
'
—100
Bank of Nova Scotia——.——-100
150
Bank
Montreal
of
of
Bank
Toronto
Metals
Base
Bear
Feb
161
Jun
Hollinger Consolidated Gold Mines
Feb
Home
July
Oil
;
/AY- 2
227
Jun
252
2
235
leb
253
12C 15 %C
16,200
8%c
Apr
17 %c July
Hudson
41,700
10c
Jan
49 %c
Jun
Exploration & Radium
70c
Apr
1.35
Jun
37c
42C
24,000
11%
695
8.50
Jan
11% July
3.75
Jan
4.10 July
Mines
B
29c
21,870
17 Vac
Jan
31%
32%
1,275
26 Va
Jan
12%
12%
15
7%
Jan
12%
27c
32%
»
*
*
5,875
2.65
28c
_,_1
Bay Mining & Smelting
ClaSS
•
—-i—
1.30
1.28
1.35
19%
19%
19%
40
Feb
19% July
Huron
155
154 155%
206
140%
Jan
155% Aug
20%
60c
56c
63c
243,500
9%c
Jan
63c
Aug
Imperial Bank
40 %
200
29%
Jan
40 Vs
Aug
16 Va
10c 10 %C
14,500
6c
Jan
12c
Mar
20c
24c
39,628
9%c
Jan
24c
Aug
Imperial Oil
*
Imperial Tobacco ordinary
5
Inspiration Mining & Develop Co——1
International Metal
15%
11
ll'/a
170
7.40
Jan
3.00
100
24%
25 Va
2,442
14%
Jan
11% July
28 % Jun
6%
6 Va
Bobjo Mines Ltd,
Gold
Bonetal
Bralorne
100
40%
50
.10c
.7
23 %c
Mines—
Ltd
Mines,
11 Vat
'
Light & Pwr com—
25
Distillers-----^———
6'/a
Brazilian Traction
Brewers &
'
;YY<
v
.
Apr
Feb
26
July
Preferred
29
July
International
Jan
54
July
24 %
24
243/4
798
17%
28%
29
110
23%
28%
Buffalo Canadian Gold
Building Products Ltd
Hill Extension
Caldwell
2nd
3.75
5,500
y. 17
16%
Bread
1.65
2,700
28c
3,400
6%
63/4
7%
73/4
8%
106
106
35
92
Jan
106
10
105
Mar
106
Feb
22%
5
20
27
July
Cable
&
:
Ltd
Bakeries
Canadian
Preferred
——
Bank
Canadian
34%
Preferred
Preferred
1,215
115
Cariboo
65
140
22%
13'/a
37
36
Groceterias
Macassa
Nickel
•
2%c
1%C
3%c
.*
7%
19
Jan
23
10 %
Jan
14
27%
Jan
5%
5%
375
3%
Jan
5%
V
65c
36c
7,475
112
Mar
Jan
65c
130
Preferred
McDougall
Graham
Jan
1.35
Feb
54c
Jan
1.35
July
Mining
12%
1.25
2% Mar
2.00
12%
Jan
2.14
1.26
2.00
250
3,300
1.20
'
July
Jan
65c
16,550
75c
9%
85c
Moore
July
2.65
July
Jan
13%
Jun
National
15
15
10
9%
Jan
15
44%
45%
550
37%
Jan
100
131
130
131
61
123
Jan
131
Feb
25
24
25
195
21
1.00
1.05
200
50c
25
Feb
40
10c
Jan
24c
40
39
40
105
19c
*
19c
20c
4,900
62c
62c
Ltd——
35%
-100
Preferred
Dom.
Scottish
Investors
Dominion Steel class
Dominion
-"
Stores
1.25
Jan
Worsteds com—*
6%
—20
350
5%
335
6%
6%
13
8%c
2%
550
6%
13
Mining Co
13
Crest
Oil
17 Vac
Eastern Malartic Mines
Steel
Eastern
19c
23,300
1.57
Products—
Gold
Eldorado
17 %c
1.60
1.65
37,050
25%
1.00
Oils
15
Mines
--
15
5
1.12
1.62
130,752
23'/a
1.52
English Electric class A
23'/a
10
Ltd
Orange
Crush
/. Preferred
Pacalta
;
Oils
Partanen;Malartic
10
8
Jun
4.50
Kirkland
4.50
4.55
28'A
Falconbridge Nickel Mines
Fanny Farmer Candy Shops-
27%
28%
7c
Mining.
Ford Co of Canada
class A.
5 Vac
23%
3.10
1,865
21
865
7%C
2 Vac
77,100
23
23%
1,777
19%
—.♦
32% C
31c
35c
9,700
18c
preferred—100
94
93
100
30
—
Gatineau Power Co 5 %
5%%
preferred
General
Gillies
Steel
Peoples
16
Powell
1.62 Aug
32% Mar
Jan
4.80
28 %
Gold
Glenora
Jan
East
Dome
July
Gold
Mining Co_—
Eagle Mines— :.
Golden
Aug
100
8
Feb
13%
3c
Jan
4c
3%c
4c
2,500
lc
May
18%C
20c
20,000
12 %c
Jan
10c
Apr
157/ac Aug
12
Jun
15 %c 15%C
18c
4c
Mining—
Mining Co—
2%c
Mines /
Preferred
/
1,000
May
19
Preferred
v
t
c
—
—
commpj^———
Greening Wire Co——Y——
Grull Wihksne Gold Mines—a,——
Gunnar Gold Mines Ltd—A
Lime
& Alabastine
Halcrow Swayze Mines
——
Halliwell Gold Mines
Hard
Rock
Jan-
13c
Feb
1 %c
July
88%
55
62
Jan
95
July
Shawinigan
51%
Jan
58
July
2c
Jun
;«
May
6% July
55
3'Ac
5,000
6
225
22
6%
2,715
21
5%
5%
For
footnotes
3
390
5%
July
--
14%
see
.
page 571.
Feb
•'
12%
22*.
••
5%
12'A
3
120
'
July
16 % May
250
3%
75
3'Ac Aug
Jan
47/aC Aug
6,000
1.10
58.101
1,95
200
.1.10
74c
49,150
1.25
Jan
Feb
May
1.10
61c
Jun
2.00
Jun
Mar
1.10
July
2%
4%
4%c
5 VaC
5c
.
150
645
,
2'/a
Apr
4'Ac
4'A
4%
.
4%
:
July
72c
60c
May
July
ll'Ac
Jan
■
2'A Aug
4% Aug
Jan
57c
Jan
9c
1.15
4%c
Feb
Aug
5
May
95c
'5,650
9,225
2.00
2.03
1,150
1.02
1.06 /
8,400
52c
Apr
1,600
50c
Jan
90c
11
90c
,
75c
90c
9,'A
9%
it!*
/
55
10
7%
.
2.29
6
11,550
Jan
4
v
Jan
58c
■
30
2.15
2.25
1.00
Jun
1.28 May
1.25 Jan
Y: 2,100 '
1.00.
7%
x
74c
Jan
1.72
Jan
Aug
39c
1.93
SOc
.
Feb
101% July
1.85
92c
1.86
••
1
88Vb
2c
22,000
May
139,150 ;.i 17'/ac May
800
4'A Aug
39c
30c.
;
25
,-i 19,000
4'Ac
3%C
34%c ;
4'/2c May
11,800
100
1.15
100
1.03.
1
54c
i—1
L———*.
LJ-1
53c
1.05
Jan
1.95 July
2.15
Jun
1.06 Aug
1.05
9
Aug
July
July
July
2.35 July
'
—
2,000
6v2c
Jun
12c
Aug
29c
2,500
25c
Jan
35c
Mar
3%c
9,000
2c
Mav
3c.
.
7c
25
8c
141
25
V'
J
4%.
.V
;
10
275
.
Apr
132% May
21% Jan
58c
Jun
9'Ac
Apr
9c
July
July
142
26% July
10
*
/Yvv
15
Jan
22
July
10
22
205
205.
3'/aC
14,800
;
25%
22
22
—
152
Jan
205
Aug
Jan
6
Feb
6c
Feb
5
2,400
Y
2
2c
4%c
4VaC
4%c
1,200
17%
16%
17%
610
3.25
;
Jan
5,000
12c
28c
14 i
:
31c
56c
12c
•
!•
—
3.20
3.45
9,673
1.86
4,000
2'/ac
6c
6c
44 Vac
1
17%
Water &s Power——.
Sheep Creek Gold Mines———50
Pherritt-Gordon* Gold Mines—;
•
41c
v
12
Jan
Mar
Jan
.
Jan
10% Feb
July
67/a July
23
July
57/a Jun
12% Mar
3c
3c
1,000
2 Vac
Jan
7%cMar
24c
27.400
11 %c
Jan
24c
7
7%
1,180
4V?c
4 VaC
700
4c
4%c
14,500
Jan
3c
Apr
4c
Feb
7%c Jun
2.50
Jan
3.75 July
3.75"
300
6%
6%
700
63c
68c
18.700
40c
4c
4c
2,500
35c
38c
4,300
15c
15c
200
16
16
16
15
Aug
5
7% Jun
7c
Jun
8
Jun
Mar
69c
July
2c
Apr
4c
Aug
38c
July
47c
Mar
17c
Feb
4% Jan
.
10c
14
Jan
Mar
16% July
,
97c
17% V 18%
'
class
Ltd
Simpsons
.
Gold
Sladen
<Malartid
Slave
Lake
South
End
Southwest
Standard
Jan
" Jan
7.90
1,400
18% July
3.60
Co
July
Contact
3%
20
86%
Mar
Jan
Jan
1.04
July
7.90 Aug
9
Jun
12% July
102%
Jun
8,350
39c
Mar
60c
Juiy
47c
22,200
29c
Jan
48c
July
2V2c
9,000
6C
6%c
16,000
3%c
Jan
8c
Jun
500
20c
Jun
35c
July
10
Jan
<
19%
150
1%
2%
406
9
9%
220
19.
Materials com—
__
••
-
IV2C Mar
1.10
7
3 Vac
Jan
19'/a Aug
Jan
3
Jan
10
Jun
Jun
—•
67
67
68
217
59%
Jan
73
Apr
——25
75
75
76
100
66
Jan
76%
Apr
2.30
2.25
2.36
35,060
of Caneda common—
—
Sturgeon; River
8
35
1.05 Mar
2%c
6C
•
—"
Sudbury Basin
80
Jun
Jun
30 Viz c 30 %c
2 %c
Co———
Steep Rock Iron Mines——
Sud
-
Jan
19%.
45c
Chemical Co———_'_I——— ^
Preferred
11%
5.75
9%c
49 %c July
58c
45c
.J-—-—
Preferred
Steel
8%
1
55c
Petroleum—4.—
Standard Paving &
16'/a Mar
67c
58c
Gold Mines-L—_—
Petroleum
200
85c
301 101 %■
Mines-————
Mines:
Jan
Mar
900
8%
--10
Siscoe
18c
13,405
11%
B__
Preferred
88,695
1.00
1.0&
7.75
7.75
——
47c "
97c 99%c
>■
'
Mines
1
—
Silverwoods preferred ——L^__—
Sigma
23
18c
15c
—♦
2%c
47/Bc
4.%
Sand River Gold Mining——
Aug
21c
36c
—
Hinde & Dauch Paper
8%c
3'Ac Aug
58
3c
4c
Hedley Mascot Gold Mines—J:
Highwood-Scarcee Oils
Jan
2%
_*
;
Senator Rouyn, Ltd
6%
-
3%c
Jan
4%
Lawrence
lc
64c
Harker Gold
500
Jan
■
Corp class A—J——50
San Antonio Gold Mines Ltd__a
St.
2c
3.75
Gold Miues
6c
.
4'Ac July
% Apr 5/
♦
3c
21%
4c
Bridge Co Ltd——
48% Aug
'
Hallnor Mines
Hamilton
61% July
50c
Jan
38c
—__100
1,000
7Va
-
Jan
Feb
40
8%c
—1
—
Saguenay Power preferred——10G
St Anthony Gold Min6s—i
Feb
4%C
-
Gypsum
38
35c
1,615
1,000
common———-30
25,650
21
v'
225
8,400
160,400
75c
——
149,800
21%
4^.-.-.—
Great West Saddlery
Oil
Industries
4c
6
'
Aug
58
261,840
1
Preferred
13c
6%
-
—
Preferred
Russell
Jun
'•":-i'Xssh<::
Common
Royalite
100% July
1%C
56
__
3'Ac
July
41c
.
63c
;
——50
Graham Bosquet Gold Mines———
Great Lakes Paper com v t c———
Jun
11c
20 V*
Jan
56c
8C
87
87
12
27%
•
48%
63c,;
of Canada-————100
l%c
■
corn-
6,800
Apr
5%c
Lac Gold Mines——__1
5 VaC
13c
■
Goodyear Tire & Rubber of Can
-
18c
Jun
9% July
Jan
6c
4%c
Royal Bank
29 %c Mar
.
Jan.
2<i%
77
.
'6
49 %c
3c
July
4%c Jun
—
,
53c
1
9c
Gate
Goodfish
Jan
55
50c
.
20%
360
.
99c
63c
1
Reno Gold Mines——
7.300
—
Belt
20
6,500
,
4%C
;
Queenston Gold Mines———
July
19c
Goldale Mines Ltd
Aug
5% Aug
3,90
1.05
1
Mines
35c
8c
.
48% July
4c
I
America—
24
100
God's Lake Mines Ltd
Gold
May
12%
_
27
Jan
5'A
92c
1.06
1
*
1,
Gold—
Rouyn
Quemont Mining Co——
7c
_1
Mines
Jan
44%
27%
6c
*
Mines of B C
Reeves-Macdonald
99
85 v
24%
50
.
.9%
57%
Gold.Mines———1
7%c Aug
11%
»
2.17
140
48
5»/4.
20%
.♦
Ltd—
Mines
Pressed Metals of
Aug
Jan
1.00
20
Jan
Jun
Mar
11%
Mines
9% July
325
27
/
1.22
16,275
9%
—*
Voting trust
Power Corp of CanadaPremier Gold Mining Co—
May
Apr
*
—
—
Gold
22c
Feb
•
Mines————
Gold
Pickle-Crow
21 %c July
1.65 July
/
Securities—
Credit
Gold
Perron
Mar
100
,
Wares
Lake-Porcupine
77
7c
Jan
4
10c 10 %c
Roche Long
Gold Mines
Francoeur
Apr
11c
15
27%
*
—
Paymaster Cons. Mines Ltd
July
July
July
i .•;
Ltd—
Porcupine Mines
Preston
Federal
5c
4,750
47%
1
—
10%
Jan
;t4,000
2.09-
5%
1
—:
common..
•
Jan
10c
12
.<
22c
26%
1——_—1
:
Page-Hersey Tubes ;
14% July
20
7c
1
Apr
48
*
;
——
.v,.':
:
July
Jan
80c
July
July
July
July
July
lC
Nickel
Jan
Feb
5c
1 'Ac
24,500
May
1
——
Mines——:
Ontario
Apr
Jan
1.09
May
■
Feb
28c
1
•
——
Pamour
4%c Jan
Aug
40c
1
Ltd—
Mines
Pioneer Gold
East
1.24
Jan
—*
—
Corp
11% July
Jan
Jan
Feb
—»
Empire Mines—
Omega Gold
Apr
8%
2,800
83c
28c
25c
Ovip—
—
Gold
Okalta
Aug
4c
620
8 %C
-28,820
v7::--8'h
48
O'Brien
July
July
Feb
9
1.24
Aug
Jun
July
50c
10%
56
40c
Mines
Mining
Apr
8
lie
Feb
22c
40c
Normetal
July
10
Jan
47
500
48%
Norgold
30
8% Mar
5 Vac
11,800
1
Apr
July
108
80
200
103
25c
*
Oil
Jan
860
July
9"% July
w:.,/210
5c
8
Noranda Mines
Nordon
Feb
9%
22
Jan
36c
9%
Pipe Oo class A
July
105 Va
1.00
Jan
6
45
25c
10
National Steel Car———
Aug
20%
YY-25//
9%
*
Preferred
Duquesne
107
18%
226
.
36
99% Mar
5
443
26%
62c
47/8c
Jan
1.00
9Va
Dominion Tar & Chemical commonDominion Woollens &
107
24%
106 106%
2a
;
July
26
26
common.:-,.
B
Feb
3c
25%
100
24
100
————
50c
2,500
4c
35%
107
24
Mines
Dominion Foundries & Steel com
'
;/;/,:v70':/
62c
I 33/4C
Aug
July
53
,
VaC
Negus Mines
46% July
May
10
14%
360
Jan
34c
—i——2Q
Petroleum
National Sewer
1.30 July
15
45%
—*
Jun
5%
1.94
—*
—
Jun
35c
—*
Power
—
Cafeterias preferred—
Preferred
Jan
1.40
5
—
&
common
-
6c
Jan
19c
1
—1
Heat
6
;
2%c Mar
2.05
—
Nat} Grocerscomman——
July
Jan
Jan
Canada—
—
Light
Corp
Muirheads
8
9%
17
92%
4%C
7c
3'Ac Aug
;
May
10%c
10
1.40
,
Ltd
Jan
15
1.18/
19 %c
——
Porcupine
Montreal
Apr
47c
1
*■
-—*
Mines—l—
Mines.-
of
Corp
Oils
Model
1.62 July
5
Gold
—
Mercury Mills Ltd
j^n
......
July Z
July
2.70 July
,7%C
53
McVittie
95c
150
7%c
McWatters
1,300
2,900
7%c
Mines—;
Mines
Jan
v
*
Exploration—
Lake
Red
%c
4%
,103
Aug
4,337
34,291
Segur
1.45
Apr
10%
<-.•.7,000
9
102
4.00 July
2.22
200
V
8%
Aug
1.25
5
20%.
f
4 %C
1.35
28c
:
3.03
8%
1
1.15
2.08
20%
Jan
Jan
1.65
M -.520
^1Q0
Gold
1.25
,
_j.20
Preferred
Preferred
McLellan
1.25
*
—
Jan.;
Jun*
.21% July
Mar
1,352
-
8%
-V'.:-' 9
McColl Frontenac Oil common
127/a July
11c
*
common—
Jun
1.25
—*
—
1.00
22
1.51
70c
55,500
v
6C
1.23
5
Jan
5%C
X
7,318
1.00
—1
—;
15
McKenzie
130
Distillers Corp—Seagrams common
Dome
Feb
Aug
2.30
81,050
•
7%
15
Jun
11%
6%c July
7:
•
5
10%
Feb
;
Mclntyre Porcupine Mines—
11%
7%
Fields
Massey-narns
37% July
Jan
Mines
Maralgo Mines.
July
3%
Gold
Preferred
ll7/a July
31
Lake
Maple Leaf Milling, common
July
July
July
———*
Mines
July
1.12 Aug:
<Apr
Manitoba, Eastern .Mines———-—:
Aug
42
130
Mines—
Nickel
18
Mar
5
Jan
Mines, LtdRed
Northern
Denison
453
140
Jan
1.35
775
Dairy Corp preferred————50
Delnite
—
Jan
28
5%
1.30
Petroleum
4c
Feb
129
5%
2.00
Davies
Jan
Jun
30.100
Aug
1.37
——.
13% July
Jan
2.65
July
2.00
—
5.90
9%c
19%
2.51
19
1
Imperial Mills-
Jan
Jan
67c
2.55
139
.—*
Aircraft—
1.26 July v
16 % July
"Jun
6OV2C
—1
Feb
24c
Cub
Apr
370
Malartic Gold
Jan
1.90
Cosmos
12c
13,650
July
8,750
(Toronto)
Jun
26,015
87
60,371
Consumers Gas
Aug*;
r
Jan
15
lie
Smelting
20%
89c
?
22,
21%.
20% > 21% c.;
15,500
133
1.62
Bakeries
90c
Jan
July
lc
41,632
55
5
Mines
85c
86C
>
8.15
9%
21,000
1.43
100
28c
Coniaurum
4C
2.20
139
9c
Consolidated
X
21%
Feb/
July
Jan
4.75
3.65
•
280
1.05.: 1.12
1.10
*
•
——
14
3 Vic
1,135
3.95
183/4
1.51
Consolidated
1
A
gc
Jan
July
Aug)
9c
44,400
13%
I2S
3%c
1
9c
Jan
,40c May
10 %. Jan
1,555
16
5.75
7%C<:
1.31
138
1
1
—
class
13
3
•,
5.65
,7c
Feb
2c " Aug
24c
55c
:/
18,501
2.00
18%
5
Co
Jun
-
-
6%c
v«5.75
V
'
3.75
155
1.57
Plow
1
*
—1
■
1.32
139
1.92
Cockshutfc
Mines, Ltd-*
Gold Minps
i—.
Gold Mines
Class B
Jun
183/4
62c
Mines
Vac
10
500
nc
1.10
2.00
7% Mar
10 VaC
Gold
11c
3.95
27% Mar
1
Willans
1
10c
l%c May
50
8,544
1
285
1
Cochenour
i%c ■;
13%
1
190
1
Chromium M & S Corp Ltd
1%C
13%
Madsen
200
5%
Research
1
*
MacLeod-Cocxshutt Gold Mines
10
Chesterville Larder Lake Gold Mines—1
Chemical
Jan
Jan
Y/.: so :
Wines—-——*
Gai
Chateau
9c i
3%c
July
Jun
30
63c
—:
8 %C
lc
13c
6
150
5%
Gold Mines
Pat
•
1,500
4,460
22,818
v.
24c o
24
2,525
2a
Central Porcupine Mines
2c
1%C
21c
—1
Long Lac Gold Mines Ltd
Moneta
Central
1__
2c.
•
Mai-
66
97
5
41
*
100
—
Apr
60c
20c, May
6c
Feb
30
37
"A"—*
—
700
8,000
Jan
2%
9%
30"
*
50
Mng.
30C <;;
8%c":
7%C
X
Leitch Gold Mines; Ltd—.
July
13%
13'/a
*
•
Rv
Gold Quartz
Jan
:::
65
22
20
Mines—:
July
May
139
4%
*
—100
Castle-Trethewey Mines
38.
4%
140
*
*
preferred
Pacific
Canadian
Jan
40%
:._100
class
31%
10
25
Alcohol
14%
83%
—
Industrial
Jan
4%
& Dock
Canadian General Electric—.
Canadian- Oil
8%
83 Va
*
—100
common-
Canadian Malar tic Gold
Loblaw
18
Canadian Dredge
Can.
Little
Jun
59
common
_
Jun
5
preferred—
Canadian Celanese
July
93
75
——
—*
—
Laura Secord Candy—
Lebel Oro Mines Ltd.-1—-
41
30
Canadian Car & F'dry Co Ltd com
24
Jun
39%
'
5i
-
Convertible
Jan
>
15%
150
19
1st pfd—
Canners 5%
Canadian
17
30c
7%c
1
Cadillac
Lapa
Jan
4%
Commerce
1,811
23
22
15%
Shore
Jan
19
Preferred
Aug
1.00
79%
65
Canadian-Breweries common
160
1.10
36%
*
—
.—
of
33 Va
Jun
.
1
Apr
Feb
cl A—*
Ltd
Co
——
12%
*
-—50
—
153
tK
Jun
Lake
13
July
200
Jun
Lama que
124
100
116
112%
24,275
8% July
♦
Jan
Jan
90
160
89c
6% July
40
July
160
83c
Jan
90
July
100
Jan
83c
Feb
55
Aug
17
Jan
33
1
4%
41
48c
Jan
120
13,100
3
91
Mar
10%
90
1,804
8.00
295
144
Mar
26c
17% July
12% Feb
1
•il5
7.60
335
ay
10
25
>■
Jan
36%
7.60
Jan
88
41
1.75
35c
3.00
Jan
36
1
21c
140
88
—'*
100
;
Steamship Lines common
Wire
22%
*
—t-*
Jan
100
11%
50
Lake Dufault Mines Ltd..
July
1.15
3.00 -w
Kirkland Lake Gold Mining—.:
Kirkland Townsite
<
11% Mar
10%
105% 105 %
'
of Canada—!:—
Kerr-Addison Gold Mines_
May
27C
Permanent Mortgage
Class B
24
480
B__„_1
Kelvinator
9V2 Feb
10
class
Co—
Mipes
Cons Gold Mines
J M
1.55
class A
Canada Packers Ltd——
Canada
Aug
3%c Aug
May
17,050
157
10
:.
114%
•_<—1
Mines
11%. May
23
48c
-16
<36
22%
Jellico
Jason
Feb
9%
255
—5/100
Jacola Mines
1 VaC July
40
Utilities
Mining
4.00 July
9c
Jun
10%
----100
Waite
17
i
*
—
Preferred
Mar
■<
27c
Canada Malting Co
Canada
Jan
Jack
Feb
1.60
*
Cycle & Motor preferred—-100
Canada
Can
200
23%
13c
12%
<
*
Petroleum
International
Aug
4,515
8% Apr
40
.
Aug
•
——1
0
common—
Canada Foundry
13
1,500
23%
—
-—
1.60
3%c Jan
355
3 Vac
11%
preferred—_—
Canada Cement common
Preferred
17
3%C.
10%
70c
Mar
4%c Jan
100
63/4c
—
preferred
46c
2,100
9c
53/4C
...
3%c
,
Calgary & Edmonton Corp Ltd
Calmont Oils Ltd—.
Canada
102,400
3.75
—
19%
21,800
70c
11%
Mills
Linen
53
64c
6%C
Mines-
Bunker
Burlington Steel
:
8 VaC
MinesMines—
Ankerite Gold
Buffalo
>
8%C
Oil Corp.
Brown
47
50
___—-.1
July
16%
15%
100
•
common.
Nickel
July
12
176
176
15%
preferred——100
International
Columbia Packers Ltd
68 %c
preferred——
International. Milling
British
—-
A
Apr
Jun
22%
class. A—
Class
7%
22%
21%
Porcupine Mines, Ltd.
-
Feb
13% July
70
43c
A_
common
Jan
Jan
12
———_______100
Jan
21%
Dominion Oil-—
Preferred
7
55
1.75
—
5%
American Oil
Broulan
—
Aug
16% Mar
10
65
10%
100
29c
32% Mar
:
28
65
10%
100.
,
17%
British
British Columbia Power
Mortgage common—100
paid
5
765
British
Erie
&
High
11
3.60
Beatty Bros class A———;
Bell Telephone of CanadaBidgood Kirkland Gold-—
Blue Ribbon preferred-
15
Low
11
3.75
—
Beattie Gold Mines Ltd—
1
Range Since January 1
-
5
Hunts Ltd class A——
42c
Gold
Shares
High
12%
252
252
Howey
Low
•
259
13c
•
—
150
10
Sales
for Week
Range
of Prices
Par
High
Low
High
252
252
.—-—100
——
Mining
Last
Sale Price
Range Since January 1
Shares
151
Week's
Friday
STOCKS—
for Week
Range
of Prices
Sale Price
Monday, August 9, 1943
Sales
Week's
Friday
STOCKS-
FINANCIAL CHRONICLE
Gold—
—
*
-
1
...
16c
15c
16C
5,900
2.25
Mines
Mines
.•_.—
1
3%c
2.25
970
3%c
4'Ac
4,000
1.51
10c
1.46
2'/ac
Jan
Jan
2.57 July
16c
Aug
Jan
2.35 July
Jun
4V*c Aug
;
Volume ,158
Number 4201
-
571
Friday
Last
STOCKS—
of Prices
Cons
Mines——-.—
Sylvanite Gold
Mines.
Teck-Hughes Gold
Texas
1
J,;
Ltd
Corp—;
Gold Mines
Toronto General Trust
.*
Union
Gas Co
of
Canada—
United
Fhel class
United
Oils
A
105
8%
81/2
Limited
'i
14%
130
34
34%
7V2C
7%c
Apr
6
•
50
14%
*}:.:■? 7%c
—
6%
30.,
25
34%
Ja
22
70
7,000
! 16
37
5%
Jan
5'/a
514
5%
585
1.67
1.69
% 3,100
6.70
6.70
555
4.40
.•
72,850
9V2C
%
10
Jan
1'.'-' 23%c
—
*
"
Preferred
Wendigo
-
.
Gold
5.35
54 V*
-*
.
Mines
.5.80
*
Jan
•Western Canada Flour common-,-—//////■.//:•,,•
Preferred
■
Westons
100
Ltd
common
21c
6%
29c
'
—
l1. .1.'1 "
"i"'i.1'1'.''
1
56% May
Canadian
Jun
Jan
24c
Mar
Jan
8
Jun
19c
Jan
91
8c
17
July
57%
58
Mar
4.20
Apr
lO'/ac May
....
84
Marconi
Dalhousie
Uisher
Oil
Steel
Preferred
Foothills
Co
Ltd
45
Feb
common
1,500
8%
100
n
Pend
Feb
84
Mines
1.40
51/4
514
45c
41c
1.25
1.25
&
6%
1
1,051...
3
29c
Jan
1.25
755
11
14c
16c
1.62
8c
1.65
8c
-
50'
Jun
1.25 Aug
10
Feb
78c
Jan
10,000
7V4C
Apr
1.65
5,200
1.05
Jan
1.90
8%c
'.'i——
Feb
6% July
47c
253/4C Jnn
5,850
1
1.80
Jan
8,800>(
i.60
1
Jan
45c
11
Metals
11% July
3Vb May
Jan
^0
5%
<
1.45
.
Feb
85c
200'$
l%c July
8% Aug
Apr
6
,
1.675i)<
11
—1,
High
%c Mar
5
.'
.
1.45
1.55
Gas—
Mines—
Oreille
n
2%«>;. 2%
//•
/_
-*
Temiskaming Mining Co
July
Low
_♦
62 % July
Lake
n
2%
■
——*
Jan
Osisko
&
Range Since January 1
High
•
——;
Oil
Shares
l%c
*
___
69
20
Feb
for Week
l%c
Co——..l
Apr
3%
26
Sales
Range
,8
,4
20
162
80
Mills
So, July
m July
444
$1,200
Low
Copper Co Ltd-—_-__5
Consolidated Paper Corp
•
Jun
Feb
l%c May
'
Week's
i%c
Coast
245
preferred-100
Wood Alexander & James
39
of Prices
Par
—1
—-
Canada Bud Breweries
21%
6,000
7
Silk
Jan:
12
16%
4%c
Friday
Trethewey Mines
Jan
3
4%C
58
High
2.50 Jan
500
Funds
Sale Price
r:„1
Brett
19
7;
40
.«
•'
Exchange-Curb Section
Last
5.80 Aug
85
16%
100
Jan
50
4%c\
6%
•35
Canadian
STOCKS—
•
ti47,/
3,500
16%.
7
_*
,
415
'
'
1
Jun
80
:
4,365
July 81 to Aug. 6 both inclusive, compiled from official sales
lists
1.70 July
6.90 July
6%
80
Wiltsey-Coghlan Mines———1 '
Winnipeg Electric common—
"
Preferred
21%
•
*
;
55
.
21
20c
'
20c
3.40
11,960
56
54%.
21V4
-
Ltd————1
5.80
'
-
Apr
Jan
4'/s
95c
.
Toronto Stock
'
Bruck
Waite-Amulet Mines. Ltd—
Walker-Gooderham & Worts com
35
Jun
6
Jan
20c 23'/2c
•
Oils
Low
3.40
9 7/BC
6s
Feb
26
:
Jan
32%
1.69
Ventures, Ltd.
Uchi
July
July
July
.
Jan
*
Vermilata
3.30
9%c
Jun
9
j.i;
■
.
May
7%
10%
.
n
,.1
—
Upper Canada Mines Ltd-
3.30
Jun
7%
/--
Range Since January 1
High
Fen
74c
73/4
•
50
United Steel
18c
Apr,:.
.19,400
25
class—//■
Aug
77% July
35c
Shares
BONDS—
87c
Jun
Jun
67c
.
May
10c
8'/a
-
Jan
1.04
•
■
for Week
9%c
Yankee Girl Gold-
3.25 Aug
Jan
61c
s
Ymir
Sales
Range
of Prices
Low
Wrigiit-Hargreaves Mines.
2.10 July
68
57c
'
Week's
Sale Price
Par
July
6,400
7%
—*
.
Cbrps class A
•
63
89c
,
Jan
90c
2,700
c.
15 %C I6V4C
65c
Cif;y Rapid Transit common^—'
United
75
100
,
r
Jan
1.85
STOCKS—
High
Jan
1.38
£•> 5,840
87c
75
75
16c
65c
4,100
1.75
80c
85c
.
100
Transcontinental Resources
':
2.05
1.75
—1
—
3,000
3.25
Co_——— 1
Towagmac Exploration
,
1.90
3.15
5
,
Range Since January I
Low
88c
2.00
Friday
Last
Shares
High
85c.
.
3.15
1
Toburn
Twin
88c
—Li
Mines
Canadian Oil
Low
"s
for Week
Range
Sale Price
Par
Sullivan
Week's Range
7,500
5j/4C
Jan
10c
11
Aug
1.75
Jun
19c
Jun
Jun
July
OVER-THE-COUNTER MARKETS
Quotations
for
Friday
Aug.
6
Investing Companies
Par
Bid
Aeronautical Securities—.—-^--1
Affiliated Fund InC
AAmerex
Holding
f
Corp
10
American Business Shares
American
Assoc
Oil
1
Shares
Bankers
Nat
ACommon
A6%
Basic
Boston
Broad
Fund
Canadian
13.76
.
Investment
3.05
Series
Series
Series
ACrum
&
A8%
ft
37.14
39.90
7.92
8.71
4.14
4.55
Camden
4.85
Investors
Trust
Mass
Investors
2d
Mutual
iColo)
__
(Md)
2.58
—
2.58
J—,—100
,
Low
29%
priced stock
Cumulative Trust Shares
31
New
—•
———1
18.79
20.31
York Stocks
i
5.25
.6.00
1.17
% 1.28
5.75
11.50
(Mass)_8
Corp
1
28.40
32
lnc_
17.03
1-73
30.54
33%
18.34
1.90
5.78
Fund Inc—
Industrial Fund,
Mutual Trust Fund
Financial
8
5.16
10
Inc—
\
3.55
2
19.85
4.54
Invest
Inc
•
4.30 '
•
30.53 ;
B
—
North Amer Bond Trust ctfs_
North
Series
Capital
Corp—_
General Investors Trust
—1
4.98
Trust
•
•.
-
-
_
Plymouth Fund Inc
inc
6.77
6.36
Putnam
6.80
Quarterly Inc Shares
(Geo)
Automobile
shares
6.18
shares
shares
Aviation
5!26
—
50c /'
13.92
5.88
bond
Industrial Machinery
Low Price Shares-—
.
9.52
Selected Amer Shares
8.91
Selected
7.39
7.38
Sovereign Investors
Spencer Trask Fund
.6.46
6.23
5.30
5.84
State
•
Income
St
Super
Shares- .—1
Investment
Corp
.2%
C__„.
ASeries
D——_——
6.15
6.77
3.65
Tobacco
Utility
:
4.03
.
3.95
•—
4.48
•
Income
Foundation
Common
15c
1
Fund
1-40
^
5
Incorporated Investors.—
Independence Trust Shares
•
Securities. Ltd—
-
18.94
2.16
/
•
1.53
20.37
2.44
Institutional
Aviation Group
>
Bank Group shares
Insurance Group
Investment
Investors
Co
of
shares
America—10
Fund C_
—1
.
11.99
91
1.22
Class
Federal
:
Home Loan
%s
1943
B
1946-1944
4s
1964-1944—
3%s
3s
series
B
2.22
S El
Lt &
Pwr Shares
1955-1045
1,
0.60 %
103%
103
———
3s
Mav
1.
Ask
83%
3538
373
Par
Fulton
20%
385
Trust-
Manufactures
47
•
&
200
210
10
16%
Exchange Bank & Trust_20
Empire Trust
^_50
43%
45%
Corn
National
76
com...20
43%
46%
-
20
52 %
54%
Trust
—.25
—-;
198
208
34
36
87
91
33%
17%
31%
Title
1.495
35%
Co
& Co Inc——100
City Bank——12%
York
32%
Public Nat'l Bank & Trust
80
100 1,455
Bank
New
14%
1,390
25
Trust
155
308
13%
10
—100
Ask
0
,300
(J PJ
National
17%
Trust
;
preferred
Morgan
100
-
Bank
100
-
Conv
Bid
100:.k*145
—
37%
__12
4%
Guarantee &
Trust-
United States Trust
1001,190
5%
1,235
Recent Bond Issues
Bid
& Co
(Del)
104%
105%
105 Va
106%
106
{r
7s_.
1978
109 %
Ask
Bid
110
Public
Service
Celotex
Corp
3%s_
1955
100%
1973
(New Hampshire!
3%s series A—1973
102
Puget Sound
4%s
101 %
102
South
104%
102%
107%
107%
1972
105
Pow
&
107'/4
107%
-1950
103 %
104%
105
105%
Lt—
-
Ruppert
Ohio & Detroit RR—
—1968
102%
Public Service
101%
-
101%
Ask
(Indiana)—
3%s series E—
(Jacob)
Carolina
3%s
5s—
Elec
&
—
Gas—
1972
-
Quotations For U. S. Treasury Notes
20.37
7.65
15.60
Figures after decimal point represent
Maturity—
Sep 15, 1943
17.05
Dec
15%
A
15.65
_1
&
Boston
1
2%
10
Corp
2%
21%
U S
100.11
tDec
1944
1
100.13
100.15
{Sep
%%
15,
1944
Feb
/
Other
100.12
100.14
%
100.25
100.27
99.31
1945
3/4 %
100.21
100.23
15,
1945
l'/4%
100.17
100.19
tDec, 15,
1945
%%
99.26
99.28
Panama
3s
Canal 3s
1
more
15,
32ds of
a
15,
1
1947
Certificates
point
Int. Rale
1946
%
Bid
>100.1
Ask
100.3
1%%
—
of
100.26
100.28
1%%
100.19
100.21
Indebtedness—
l%s Nov 1, 1943
t%S Dec 1, 1943
t%s Feb 1, 1944
b0.40
0.32%
b0.52
0.49%
f%s Apr 1 1944
t%s May 1,1944—
100.1
b0.71
0.69%
b0.70
0.68%
b0.75
0.73%
t%s Aug. 1,
1944
bO.64
—
0.61%
United States Treasury Bills
Rates quoted
Ask
Bid
15. 1944
100.5
are
100.7
Aug.
12,
1943
tor
discount
at
purchase
Ask
b0.37
0.28%
b0.37
Bid
Atk
Sept. 23 1943-
Treasury bills—
Aug. 19, 1943
b0.37
0.33%
Sept. 30,
bO.37
0.34%
1943
.
0.30%
Oct.
b0.37
0.34%
Aug. 26, 1943
b0,37
100.15"
0.32%
Get.
14.
1943_
bO.37
0.34%
Sept.
2,
1943—
bO.37
0.32%
Oct.
21,
1943.
b0.375
Sept.
1,1944
100 12
Issuet
U S Conversion 3s
U S Conversion
%
%%
„
or
Maturity—
tMar 15, 1946
100.9
Sep 15. 1944
tSept. 15, 1944
9.
1943—
0.35%
Sept.
16,
28, 19434, 1943—
b0.375
%
b0.375
0.35%
Housing Authority—
notes
one
100.3
22%
Bid
Apr
Ask
100.2
lVe%
tMar
Co
Bid
%
1943
Mar 15,
Corporations
1
15,
Jun
17.22
Int. Rate
.—
Mar 15,
Investment Banking
.
,V
1041;!
1041i!>
104%
Bid
35%
103%
103%
——
78%
32%
Oily Banks & Trust Cos,
19%
44%
1.60
1%%
—
1956-1946
52
10
13.55
79c
18.64
Fund
100.10
——i—
1955-1945—;
Jan.
37%
-2.60
Fire
Chemical Bank & Trust——10
25.42
,6.99
Ask
>
%
500
35%
'■
23.26
Preferred Stock Fund—
A First
b0.75
71
485
491/4
Guarantee
50
Penn
70c,,.
-
;
Union
U
A
—
C
11.70
100.8
S
99 %
41c
.25C
Fund
Series
11.44.
"
3s
Fire
102
89'%
3%s series D
Industry Shares— .25c
Bond
ABlair
Federal Land Bank Bonds—
4s
U S
97%
38%
68 34
—100
47%
Reconstruction Finance Corp—
l,
Fidelity & Guaranty Co__2
95%
Banks—
Oct.
—
U S
84%
Shares—
Series
23.54
Commodity Credit Corp—
15,1945
Travelers
Consolidated Cigar 3%s
1953
Panhandle Eastern Pipe Line—
2%s debs—
1953
2.12
6.20
21.66
Bid
Feb
301/4
28%
10
Trust
Obligations Of Governmental Agencies
tiy8%
28%
53V4
130
5.41
Wellington
10.94
82
;
1.11
shares
Standard Accident
100
Bankers
Brooklyn Trust
Trusteed Amer Bank Sh6—
/
10c
.
.
-1
Trusteed
27c
Inc
Oil
,1
.-1
,_1
Union
AHuron Holding Corp
Stand
.
ASeries B
4.36
4.06
1
14.51
ASeries A
.
4.53
4.11
—-
shares
shares—
Trustee
3.31
3.00
Steel shares
10%
81.18
2.28
Trustee Stand Invest Shs—
ASeries
1
13.66
75.55
1
AA
6.35
shares-
124%
6.57
*
_
Corp—
of Amer
5.40
RR Equipment sharps-
5.94
*
5.77
Railroad
Springfield Fire'& Marine-—25
503/4
Guaranty Trust
Irving Trust
Kings County Trust
Lawyers Trust
Armour
3.99
-1
4.90
—
44%
9.72
5.16
Merchandise shares/
shares
42
York^———100
3.75
—
Mining shares
Petroleum
Bank of New
89.77
5.87
shares—
Investing
3.41
87.99
6.71
'
shares—
Republic Invest Fund—,
Scudder, Stevens & Clark
Fund, Inc__
6.72
shares—
7.14
6.91
6.43
4.68
Administered
363/8
the Manhattan Co.—10
6.49
8.66
Equipment
Food shares
308
.10
Haven
5.79
6.49
—
298
Security New
Par
Bank of
Trust
5.66
Electrical
General
-
Marine
24%
•
Seaboard Surety
New York
First
10c
271/4
223/4
51V2
5
Continental
6.28
5.84
—
Building shares
/Chemical shares—;
Fully
1
71/4
25V4
...10
211%
Commercial National Bank &
Group Securities—
Agricultural
5%
Fire
&
V8
19%
_5
Chase National Bank—
lu'Ar'.
45c
Fund
Fire
15%
37%
iNV)
Central Hanover Bank & Trust 20
:v.:vv
12.95
5.36
;
4.95
2.15
_
Paul
941/2
35
_
(Texas)
(Paul!
•49V4
14 '/a
48%
—10
6.74
2.61
Series 1958
463/4
10
5
9%
Fire
8.30
11.15
2.57
Series 1956
32.85
St
—
111%
9.12
2.02
;l"
..
Republic
Revere
101
8.14
7-
1953
89
U
38%
•
shares
Series 1955
v:
General
Amer
85
-
614
96
106%
Co—
Corp
Westchester
4.49
_
Railroad equipment
Steel
5.28
Fundamental
_
Reinsurance
133/4
12.50
.
—
Providence-Washington
68(4
46%
5.77
_
26 Va
90 %
31%
6.15
_
16%
2434
Preferred Accident
43%
6.12
_
48V4
14%
Phoenix
303/8
10.14
Railroad
56 34
46 V2
Republic
11.15
7.54
__
Indemnity
52 3-4
_
Home
10.14
'
—
Fire
Pacific
Hartford Steamboiler Inspect._10
7.40
stock—
Pacific
36
7.10
8.29
equipment
Northern
42
9.58
'
3534
45%
10
5
American
10.36
8.71
6.45
33'4
5%
38 34
30
29Va
10*
River
12%
.
197
27%
ft
33%
145
9
187
-.2
Northeastern
28
Fire
Hartford
stock-
North
20'/4
139
63%
.2.50
22%
64%
Hanover
Oils
21.75
Fundamental Trust Shares A—2
Trust' Shares
Fnila
7%
25%
26%
&
Great
5.96
Metals
4.15
Foundation
Globe
■
10.08
Machinery
9.10
A—1
First
Fixed Trust Shares A
-10
'
-
63/4
„
Fire
36%
•
78
52'4
23
—10
New Hampshire
New York Fire
620
43
_
„
Casualty-
39%
5
-
Falls Fire_t._—
9.17
Insurance
*:
12.35
Equity Corp $3 conv pfd
Glens
-.4
*
.
7%
Fire
Amsterdam
18'4
10
General Reinsurance
Corp„^
Gibraltar Fire & Marine-.
6.98
12.46
5.41
Bank
19.4a" ' 20.9$
1
Equitable Invest
Fidelity
.
/6.34
'
6.31
11.37
!
9.42
Electrical
Fund————X
Fund
Stock
Franklin
Y
(Detroit) -10
New Brunswick
91%
595
—10
Fireman's Fd of San Fran- —10
Firemen's of Newark
5
"
Building supply
Howard—
&
Balanced
4.55
of
8%
86%
100
...
Aviation
25c
Union
New
__
_
N
5%
49(4
Liberty
National
Fidelity & Deposit of Md_ —20
7.29
4.09
1
..
Feuerai
3.10
6.62
series
Chemical
Eaton
7.09
Automobile
%
,
1
:
1.34
6.50
2.75
common-
Agriculture
—
2.50
Shares
;■
1.22
-
York.
Employees Group
Employers Reinsurance
Fire Assn
England Fund
New
__
3.45
-1
—
D
3.45
J*
25c
—1
'
4.52
Diversified Trustee Shares—
Dividend
Continental Casualty
Preferred stock series
111
'
C
11.11
series
Income
29%
10
100
Fund—
10.16
Low priced bond seTies
shares—
preferred
Delaware
Connecticut General Life
4.
"
A7%
City of
10.52
>;v(
series B shares
National
'.
21
^10
Inc
voting shares
Bond
118
Insurance—
Forster
Fund
163/4
42 3,4
7%
21.43
—a
9%
74%
60 34
6134
Fire
New
Fire
15(4
25
9.78
Securities—
National Investors Corp
National Security Series—
—
27%.
common—10
Invest
Nation-Wide
Mfrs
Casualty
59 »4
—
19.93
12%
National Fire
3934
Baltimore American
1
/'"'I'/
Fund-
National
10
-
Bankers & Shippers
100
16 VB
59 %
&
—25
Boston
2.16
1
Forster
-10
Mass
; ,<•
2.16
1
Fund
10
12%
14%
Va
Merch
56(4
—2
Automobile
Maryland Fund Inc
37
2.28
Sayles Sec
6.37
90.60
Manhattan Bond Fund Inc—
Common
lOo
10.41
4.46
1
mod
B
Surety
3.70
35
—1
series
preferred
ACommcn
American
144
mod
ACC
Reserve
.2.300
1
AA
Re-Insurance
American
138
AA
21%
11%
American
com—100 2,200
Corporate Trust Shares-
19%
4.27
29.78
.
9.62
1
a
Casualty_5
JSguuame
13.48
1
Trust
25.85
Casualty
Massachusetts Bonding
Merchant Fire Assur
10.29
Ltd
——100
American
5.76
41V*
5%
18.06
88.79
38 "4
83/4
3.84
_
¥___—20
N
of
13 Va
American Casualty
__
Jersey Insurance
11%
16.58
9.35
Fund
1734
83 3/4
Knickerbocker
12.25
Loomis Sayles Mat Fund—
Ask
15%
8114
Maryland
S-3
Loomis
35%
Bid
10
10
—
76
S-2
Knickerbocker
Fire
Insur Co-of North America.
243/4
S~s
17.05
27.G9
3334
Par
Homestead
72%,;.,:
Series
15.37
56 %
22 3<i
Series
28.31
-
10
25
Series
14.C2'
Ask
145%
Alliance
3%
26.19
Bid
137%
55 3.4
Life
American
American Fidelity &
American of Newark
J5.86
Securities
9.97
5;
.
10
—
Agricultural
■
23.57
5
1
Aetna
18.55
..
16.36
K-2
—1
Fund
Accumulative
Series
Surety-
..
15.10
Series S-l
3%
Commonwealth Invest———1
Consol
K-l
Casual &
Aetna
28.57
9.09
5
Fund
Preferred
Series
33.12
16.87
_
Par
Aetna
''j;;
^
30.21
_
1
Ltd
lnv
Christiana
Cfum
6%
.
Century Shares Trust—
Chemical
...
Ask
2G.05
B-3
3.54
Inc
Fund
Funds—
_
B-4
10
Street Invest Co Inc
Bullock
Bid
>•,(•%'
B-2
Series
12.80
1
;—
Series
Scries
>
Shares
B-l..
3.44
6
preferred-/,—,/-V"AlA
Industry
Series
26%
3.14
—1
Investing—
Keystone Custodian
12.81-13.89
—2
Axe-Houghton Fund Inc-
3.37
25
Foreign luvesting_10c
Stand
Par
7.40
: 3.07
1%'
Insurance Companies
Ask;
6.81
/
1946
.
105%
107%
108%
1961
128%
130
b0.37
0.32%
Oct.
bO.37
0.32%
Nov.
0.35%
106%
—1947
1943-
7, 1943
,
s
•No
par
value.
<» Odd
lot
sales,
b Yield
price,
d Deferred delivery,
r Canadian
market,
Cash sale—not included In
range for year.
x-Ex-dividend.
y Ex-rights,
tin default.
tThese
are
subject to all Federal taxes.
AQuotations not furnished bv snonsor or issuer
bonds
/)WA#&whww««>KK*^
-jt
r
J44»jiiijidttftiftjwicy
'* wk.
mafteft- ««)>. ^ > r*w wimwam^iMw
j
Monday, August 9, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
572
Week
CLEARINGS
THE COURSE OF BANK
$
July ■ 31'V-*:
Ended
1942
1943
;
■
1940
1941
Inc. or
Dec. %
•••
'-*■»
*
$»'
Fifth Federal Reserve District—Richmond—
compared with a year ago. Prelim¬
based upon telegraphic advices from the chief cities of
the country indicate that for the week ended Saturday, Aug. 7, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be 24.5% above those for the corresponding week last- yean
Our preliminary total
stands at $9,106,259,975, against $7,312,882,585 for the same week in 1942
At this
center there is a gain for the week ended Friday of 27.3%. Our comparative sum¬
mary for the week follows:
this week show an increase
Bank clearings
-
West
New
York
;
•
—:
263,162,848
+
169,595,369
+
.
Baltimore
134,964,999
Ten cities,
7,595,405
$5,015,655,729
1,101,928,040
:;f'329,956,ojp
:
———
i
$6,117,583,769
1,195,298,816
$7.588,549,979
1,517,703,996
—
week
35,759,853 V.
31,825,795 *
$9.106,259,975$7,312,882,585
——--——
—
OF
Total
New
31
Michigan—Ann Arbor
+ 20.7
+
24.0
.
Indiana—Fort Wayne—
■f 27.0
Dec. %
+24.5
;
Haute™
Iowa—Cedar
308,680,712
?,M
3,608,464,802
+
M
628,014,511
+ 15.0
568,577,424
Rapids
572,403,873
488,947,430
+ 17.1
444,987,478
Richmond
245,903,648
211,656,075
+ 16.2
205,334,380
218,084,244
7th
St.
17
Dth
Minneapolis
'
Total
223,569,544
102,085,051
389,497,519
6
«
112,831,385
10
Francisco
"
8,676,489,751
111 cities
'
4,158,326,667
504,760,492
32 cities
Canada
'
485,016,513
189,900,413
+26.7
,
.
126,788,040
177,855,009
81,285,069
318,959,870
10.5
+
+ 19.3
6,733,933,035
+ 24.7
6,959,798,002.
3,533,283,082;
week ended
n\
«'
It
\
Total
'•»
j
St.
$
^
Clearings at—
First Federal Reserve District—Boston—
;
3,190,406
318,068,494:
850,284
Portland
Massachusetts—Boston
1,483,959
381,614,428
+ 18.0
114,800,000
90,000,000
56,683,488
+
8.5
49,277,232
32,111,940
24,565,840
+ 25.8
25,113,181
15,803,879
90^,100
716,000
+ 27.0
710,000
685,000
247,813,612
212,965,328
+16.4
189,900,413
138,600,819
131,000,000
1—
Fall River
4,569,777
3,906,960
19.0
•4,135,311
2,576,456
96,103,517
+ 32.1
44,971,632
37,501,251
+ 19.9
82,461,095
31,516,718
26,596,742
2,289,349
.
2,943,249
832,057
3,817,044
185,240,943
j
Lowell
New
J.
321,737
*
(7 Cities).
953,195
Worcester
.
Connecticut—Hartford
New
Haven
Island—Providence
Hampshire—Manchester
Rhode
i
New
Total
j
New
;
York—Albany
f
Binghamton
i
•
Elmira
—.
5,541,979
845,349'
+ 15.8
686,147
254,835,471
3 08,680,712
j
1,871,636
••
-46,400,000
33,000,000
+ 22.8
—17.4
671,402
V i
955,741
2,977,235,124
9,479,216
8,652,315
+
9.5
6,321,501
5,938,650
+
6.4
6,557,569
4,854,886
+ 35.1
—
27,644,546
9,073,547
^
Jose_
t
-
■
;
+
,
,
Total
(111
312,577
389,438
—19.7
449,076
24,642,554
20,923,662
+ 17.8
24,565,275
26,672,021
+ 29.6
29,860,275
20,506,256
34,559,270
Northern New Jersey
Total
3,549,481,974
415,738
1,390,479
1,347,236
829,484
976,'614
2,907,488
81,285,069
67,578,632
*"
+ 16.2
£3,145,445
41,023,36
1,164,517
44,374,843
36,485,06
18,398,128
+ 54.5
14,209,64
944,25
5,345,930
+ 69.7
2,347,844
+ 42.7
3,556,983
2,943,81:
218,326,000
+ 17.2
185,313,919
151,275,00:
3,457,248
1,071,631.
+ 11.6
3,642,070
1,454,307
2,840,92:
1 1,368,68
3,210,520
+ 32.4
2,696,210
389,497,519
+19.3
318,959,870+
6,959,798,002
3,533,283,082
+ 24.7
6,733,933,035
5,493,674,426
+ 17.7
3,259,131,480
2,516,439,302
1,301,235
4,250,929
21.1
V
'
+ 21.4
/ 5,213,446
I.,:.,
3,546,79!
2,238,10!
256,875,64
Ended July 29
1942
-
Dec. %
$
'
=
136,889,185
119,933,771
Toronto-
1941
Inc. or
$
1943
Canada—
$
106,356,841
+ 13.0
121,117,533
1940 ;
$
.
<
79,377,765
100,000,933
+ 19.9
97,704,343
88,849,685
69,723,941
40,504,771
+ 71.2
49,934,006
30,165,955
22,005,086
+ 33.2
19,787,867
17,522,453
+ 86.0
30,258,154
24,955,912
5.5
4,818,899
4,723,464
4,944,498
—11.5
3,213,995
2,795,420
6,009,325
+ 29.6
6,123,094
5,181,149
7,445,280
Winnipeg
29,306,425
7,790,687
1
Montreal
+ 26.2
5,792,944
4,733,720
Vancouver!.—
479,224
f
Ottawa
18,903,863
'
+32.1
3,608,464,802
t
Quebec—
|
Halifax
-
—
43,587,077
81,043,945
<5,456,799
1
,
'
4,374,314
3,076,729,384
607,507
1,705,845
1,727.231
526,000,000
+ 34.0
V
615,485
.,635,638
3.2
1,526,739
+ 36.5
609,321
822,334
V" 465,102
"
——
Lancaster
Philadelphia
Reading
—
Scranton
—
Wilkes-Barre
5,776,914
—
*
-b-r—
611,000,000
2,320,095
j
5,897,552
2,141,915
—11.8
1,825,436
1,689,224s.
2,039,998
1,748,668
+ 16.7
1,774,408
1,667,641
London
2,733,519
2,501,471
+
9.3
2,227,035
1,969,057
Edmonton
7,648,681
~+.46.2
Calgary
:
—
+
—
1.2
+ 16.2
1,529,392
1,257,967
552,000,000
414,000,000
Lethbridge-.
2,354,572
1,980,435
2,227,500
1,385,614
1,735,492
2,470,809
2,393,080
2,094,947
+ 14.2
1,764,194
1,755,896
+
.5
Moose
Jaw
374,067
591,940
+ 35.6
495,381
381,775
1,657,634*
+ 15.7
1,472,276
571,154
1,420,258
5,231,000
:
6,013,018
+
48.5
659,135
+
+ 14.8
995,043
866,751
1,180,972
1,122,258
860,867
913,092
337,995
443,573
742,885
5.2
1,061,141
773,485
1,150,019
—25.2
957,072
691,036
510,331
296,506
+ 72.1
336,518
228,700
Peterborough
816,530
654,951
Bherbrooke
920,392
930,035
1,251,850
4,493,467
2,031,158
—12.6
1,869,032
1,621,761
Fort
William
4,217,200
3,652,200
+ 15.5
4,216,400
4,617,500
New
Westminster
628,014,511
Jersey—Trenton
545,918,611
+15.0
568,577,424
429,364,729
Hat
Medicine
(10 cities).
Fourth Federal Reserve
3,223,225
+ 11.3
1,917,797
978,651
Brantford
2,010,228
3,658,996
3,947,024
459,258
802,839
Brandon
Saskatoon
+ 16.0
4,588,043
37.1
511,196
8,245,143
Regina
1,827,180
Kitchener
District—Cleveland—
"
Ohio—Canton
Cincinnati
Cleveland
Columbus
Mansfield—
5.3
2,744,248
2,121,219
2,825,882
2,684,426
111,423,449
203,636,183
88,940,891
+ 25.3
74,375,937
60,404,254
170,503,197
+ 19.4
152,788,807
112,420,879
13,759,900
11,350,700
12,530,706
10,014,800
4,858,099
2,284,554
+
+
+
21.2
112.6
2,273,078
1,512,380
•*
2,984,735
2,710,810
+ 10.1
2,907,934
2,432,677
Pennsylvania—Pittsburgh.
232,915,624
210,472,952
+ 10.7
197,366,774
143,211,212
(7 cities).
572,403,873
488,947,430
+17.1
444,987,478
Prince
1,007,380
867,104
1,106,222
+ 13.2
1,036,553
1,083,127
3,970,296
+ 13.2
3,236,058
2,375,524
—
(32
611,361
cities).
;
—
+ 21.6
386,664,435*
.
..
,,V,.Vv*
V.W-1
330,551
8.3
898,234
696,333
636,547
3.8
545,507
597,013
450,484
—
321,524
+ 30.5
359,837
1,125,076
1,119,640"
504,760,492
444,504
615,756
+ 15.4
—
386,315
979,996
1,014,150
Sudbury——
^Estimated..
680,147
588,293
Sarnla—
438,119
1,197,409
785,058
Chatham
....
691,751
1.0
532,948
Kingston
+
+ 24.7
1,098,495
Albert
Moncton
Total
—
Windsor
332,117,421
Youngstown
Total
2,063,000
.1,383,809
3,567,644
+ 19.3
+ 29.4
Week
Victoria
556,954
Bethlehem
Chester
Total
;
5,595,334
21,373,445'•
-
3,351,487 *
I
5,290,042
District—Philadelphia-
Pennsylvania—Altoona
New
9.5
1,638,191
54,398*005
•
1,889,919
4,689,534,343
(12 cities)
Third Federal Reserve
V
8,166,025
2,015,027
+
255,869,000
3,857,293
Hamilton
Jersey—Montclair
1,427,188
64,724,776
+ 11.7
1,211,175
8,676,489,751
4,158,326,667 '
cities)
•
Newark
644,049
137,353,272
59,854,133r
464,849,933
(10 cities)
Total
•
5,678,840
•
21.1
—
73,299,593'
1,871,135
72,456,244
*
4,609,963
5,630,162
'
395,819
t
7,769,188
9,623,694
=
t
177,855,009 :
+ 65.3
102,085,051 V +10.5
816,267
Rochester
New
2,064,000;
1,094,230
85,174,517
+
Francisco
474,202
8.8
■
;
549,021
+, 7.6
+
4,085,916*.
2,041,575 : t
3,474,801,555
3,094,187
' V. 115,590
.
+34.£ * *
.
1,763,865.
-
Stockton
;
+ 31.8
3,727,574
8.0
+
—11.9
83,731,729;
9,345,311V
112,831,385
(6 cities)
Santa Barbara
5,603,680
1,022,940
+
98,052,847
+ 37.7
845,079
1,222,867
4,873,809
—
Outside New York
705,409
::T, 662,064
*3,091,067
r
+ 34.6
4,064,357.
1,867,000
—^
San
7,957,146 '
7.8'
1,834,040
4,821,681
128,700,893
+ 29.6
5,264,240
157,777,139;
2,135,999
Pasadena
Grand
3,426,514,920
Connecticut—Stamford
2,246,847.! >''+14.3
12,636,757
«***.—
San
,•
4,518,163,084
Syracuse
'35,063,120
90,094,953
California—Long Beach
J?;:
York
New
+ 36.9
223,569,544
Dallas.
Wichita Falls—v
\
522,378
46,300,000
v!
49,011,851
2,730,732
27,449,357
301,289,907
(10 cities)—
Utah—Salt Lake City
14,267,900
+
131,921
2,762,149
852,368
Yakima
5,263,823
16,633,100
v
101,229
146,264
+ 15.2
6,822,112
Springs—
Washington—Seattle
11,908,940
10.2
1,285,740
-767,575
Jamestown
14,785,606
376.0
134,677
+ 44.1
212,410,130
+ 5,596,395
912,889
Oregon—Portland
2,005,390
+
8.1
+
•
Twelfth Federal Reserve District—San Francisco-
2,988,266
"2,550,946
+ 10.7
6,221,993
■
56,883,685
Buffalo
3,699,706
9.9
390,081
29,616,147
1,385,816
—
+ 21.3
+ 12.0
+
155,000
665,309
Total
622,250
330,277,025
101,432,071
+26.7
Eleventh Federal Reserve District—Dallas—
•
316,317
877,388
14,876,800
York—
District—New
339,393
+
126,788,040
837,747
3,233,462
2,569,224
V
a.
St. Joseph
664,030
5,760,901
3,580,499
68,082,312
Colorado—Colorado
1,953,384
4.4
3,869,577
378,328
Missouri—Kansas City.—
213,670,788
+
779,542
8.6
3,72 4,403
i
.
Kansas—Topeka
Wichita
•
774,437
15,173,838
-v
Second Federal Reserve
•>.
2,768,180
—
1,039,052
—
119,201
128,799
>.'•
Omaha
652,005
+ 22.2
2,517,686
369,790,049
(12 cities)
Total
•;
259,307,666
3,608,970
2,267,862
15,836,301
6,345,941
16,464,300
451,818
2,711,535
1,054,752
.7
146,155,255
-
Lincoln—
f
f
716,164
7.9
780,189
3.7
+
—
1940
—15.5
380,766,
4,379,074
Bedford
Springfield
'
'$
64,771,736
+ 24.7
1,155,512
825,973
3,488,760
+
2,838,914
1,440,529
_
Louisiana—Shreveport
+ 13.5
787,757
*.
127,001,023
V.
„
Paul
Fort Worth
—35.9
+
1,448,778
-•
5,493,674,426
.r
4,976,067
2,699,421:
1,583,648
Pueblo
■
280,228,727
871,408
3,872,053
4,412,283
—22.8
2,533,806 ':
61,490,162
(4 cities)
Hastings
67,578,632
— ' *51941
—16.9
.
351,052
»
303,649,780
485,016,513
Nebraska—Fremont
31
or
•:
+12.2
Dakota—Fargo
284,047,307
' Dec. %
$
795,243
660,637
Maine—Bangor
Inc.
1942
'
+
+ 33.0
Dakota—Aberdeen
2,516,439,302
July
•'
•
1,126,062
.2
+
.
>
Tenth Federal Reserve District—Kansas City—
.
1943
-
Ended
4,870,707
'?•
154,500,000
Galveston
Week
409,9*3
392,232,136
-
30,914,350
Louis
Minneapolis
Ui■
_
+13.9
—14.4 '
Ninth Federal Reserve District—Minneapolis—
detailed statement showing the figures far each city for the
Mi'
3.1
—
1,619,925
Minnesota—Duluth
256,875,649
354,535,925
July 31 for four years:
srtj
'
440,594
1,505,724
485,380,730
Kentucky—Louisville
Tennessee—Memphis
Illinois—Qulncy
•'
fjl'i
•
;
3,557,326
2,153,336
Texas—Austin
We now add our
10,496,283
4,616,062
Eighth Federal Reserve District—St. LouisMissouri—St.
138,600,819
3,259,131,480
+ 17.7
+30.5,
386,664,435
1,056,016
11,093,694
2.4
—
5,241,665 ' ~+16.2:
381,960,297 :
5,720,068
20,733,566
"""*
1,290,910
'
544,815,250
;
Total (17 cities)
137,353,272
"
6,571,725*'
*Ty22,467,999""
+ 11.0
'
2,102,433
2.3
—
19,049,000
v
8.7
—
12,890,086
1,956,462
Springfield
101,432,071
+ 34.8
1,657,767
2,684,662
'
381,614,428
+ 16.4
+ 12.2
485,380,730
464,849,933
Outside New York City
i
146,155,255
s
"
10
City
{ 11th Dallas
12tli San
212,965,328
301,289,907
"
185,240,943
M
7.
Louis—:
V 10th Kansas
247,813,612
"
4
Chicago
8th
2,209,542 '
5.0
"24,489,000
1,419,753
427,144
Rockford
158,638,229
1
1,824,263
+ 57.8
7,288,960
1,289,617
4,879,294 '
1.
3,495,390
2,450,771
-
+ 16.9
27,8.91,889"'
6,0d3,839
•Peoria
158,534,321
14.6
:
•
"V" 27,260,884 "
1,574,976
-
4,466,330-
-y
2,136,620
434,920,856
332,117,421
"
+
-+-
+ 44.0
25,985,818
'
12,581,365
Decatur
429,364,729
"
6
273,863,460
2,715,180
Illinois—Bloomington
Total
7
314,002,297
544,815,250
—10.0;:;
6,657,862
„:
Sioux City—
$
10
"
2,925,969
245,286
212,235
-+74.5
428,105
3,525,632
2,602,585
3,371,742
Des Moines
254,835,471
3,076,729,384
Philadelphia
'
■*+ 158,638,229
+
1940
Cleveland
;
'
•
South
ftth
10
^273,863,460 ' J +14.6V,218-.084.244
30,375,000
'
Bend
Terre
■
,
$
+ 12.0
330,277,025
4,689,534,343
"
;
150,081
57,507,730
2,849,377-:
Indianapolis
1941
Inc. or
$
$
12
Atlanta
133,324
53,811,218
+ 34.3
5,078,654
V
Rapids.
Lansing
...
3d
.1 6th
1,861,554
2,954,546
"•*
+31.2
140,802 r
59,998,060
747,257
Grand
,r
3,549,481,974
545,918,611;
6 th
+\'r. 3
4,098,425 •
314,002,297 /
(10 cities)
Helena
1942
369,790,049
12 cities
York
23,159,612
+ 24.8
CLEARINGS
BANK
1943
Federal Reserve Districts
2d
+ 12.4
22.3
Districts:
furnish a summary by Federal Reserve
SUMMARY
Ended July
985,743
15,903,000
*
184,784
.
80,611,928
Montana—Billings
Boston
1,089,243
1,347,970
1,248,479'
22,953,000
29,204,552
•
4,112,650 *
„_
North
Week
56,200,000
+ 48.9
Mississippi—V icksburg
week covered by the foregoing will appear
furnish them today, inasmuch as the week
ends Saturday 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.
In the elaborate detailed statement, however, which we present further below
we are able to give the final and' complete results for- the week previous—the week
ended July 31. For that week there was an increase of 24.7%, the aggregate of
clearings for the whole country having amounted to $8,676,489,751, against $6,959,798,002 in the same week in 1942. Outside of this city there was an increase of 17.7%,
the'bank clearings at this centre having recorded a gain of 31.8%.. We group the
cities according to the Federal Reserve Districts in which they are located and from
this it appears that in the New York District (including this city) the totals record
an improvement of 32.1%, in the Boston Reserve District of 12.0% and in the Phila¬
delphia Reserve District of 15.0%. In the Cleveland Reserve District the totals are
larger by 17.1%, in the Richmond Reserve District by 16.2% arid in the Atlanta
Reserve District by 14.6%.
In the Chicago Reserve District the totals show a gain
of 12 2%, in the St. Louis Reserve District of 16.4% and in the Minneapolis Reserve
District of 26.7%. In the Kansas City Reserve District the increase is 34.8%, in the
Dallas Reserve District 10.5% and in the San Francisco Reserve District 19.3%.
1st
18,107,813
77,200,000
+ 17.4
Louisiana—New Orleans
Complete and exact details for the
in our issue of next week. We cannot
In the following we
4,825,613
24,405,50$
7.7
+
+ 20.0
Mobile
+ 44.1
3,673,453
+ 38.6
1,691,678
1,986,142
Wisconsin—Milwaukee
-
158,534,321
y
—13.0
37,052,288
101,300,000
1,500,000
South
■
205,334,380
5,479,078 '
32,238,898
+ 30.3
+
——
Total all cities, five days———--——
Total all cities for
,+ 16.2
-
Seventh Federal Reserve District—Chicago-
five dayiLL:
five days--'-
All cities, one day
26,036,142
27,277,334
13i)
Other cities,
89,826,364
-29,524,706
40,612,637
+ 28.7
'100,058,560
112,748,967'
5.5
+
Alabama—Birmingham.
+ 28.3
207,458,413
•
JfiJL—
171,445,000
173,730,998
L—.
120,728,803
105,700,000
1,300,065
1,608,300
1.3
+
+ 20.5
*1,800,000
+ 31.5
152,300,000
158,752,372
--
—
1,931,407
29,017,859
109,100,000
Macon
1.7
220,017,000
*
•—
St. Louis,
u
211,656,075
2,699,000
38,030,017
Florida—Jacksonville
+ 17.2
130,360,703
Kansas City
245,903,648
(6 cities)
Georgia—Atlanta
Augusta
+ 12.6
471,000,000
552.ooo.oco
267,626,056
Boston
115,437,792
3,992,000
56,579,920
+
Sixth Federal Reserve District—Atlanta-
+ 27.3
313,091,171
352,488.051
rhiiadeiphir"™.:::
Pittsburgh—-
Total
Columbia—Washington—
Nashville
$3,177,353,974
$4,04^859,156
-
-
-
San Francisco
District of
1942
1943
.
—1C-
-
Cnicaeo
1,955,741
139,058,241
30,611,878
Carolina—Charleston
Maryland—Baltimore
2.6
+ 14.8
6,138,000
58,246,766
Tennessee—Knoxville
iWeek Ending Aug. 7
"♦•Sv;'
South
642,733
880,487
+ 22.6
884,251
1,084,492
6,300,000
66,893,296
Richmond
by Telegraph
Clearings—Returns
Virginia—Huntington
Virginia—Norfolk
inary figures compiled by us,
1,135,205
354,535,925
284,047,307
[Volume 158" " Number 4201
THE COMMERCIAL
& FINANCIAL CHRONICLE
573
\
from
544)
page
and
Clarendon Apartments, Ltd.—Report—
:
Statement
of
6 Months Ended—
Rentals
and
administration
receipts
Bond
The
May 31,'43 Nov. 30,'42
$19,545
$19,575
,
__
-
9,538
1,290
'
20
:—
$8,386
—_—;
interest
interest
American
interests
$4,464
4,815
—
Bangor
6,018
:
8,562 %
will
all
Surplus
period™!,.—
for
Previous
$3,571
———
<('V'V A 'i-ii
.Balance on hand——,
»Deficit.—V. 131, p. 480. >
-i;'
■■•''
v.'s
and
•>•■'.-;•
•;
"r
$2,676
„
,
.:The
company has .acquired*, theG7"N." Manufacturing Co. Of '
Cleveland, Ohio, -including ;that-, company's line of
high-pressure
hydraulic die-casting machines/ - Corporate existence will be continued
as
the G. & N.
Manufacturing Co. Division of the Cleveland Auto¬
matic Machine
CO.
Millar
Brainard, a director of the Automatic
.
Machine
and
- concern
Co.,'is President
;
of
Cleveland
Earnings—
^
-
the
•
Aetna
division.-—-V.
Standard
158,
p .-■■ 187,
Electric": Illuminating
i
• ■
-
.
revenues
-
Operating expenses
-
Co.
i ,*
r - :
.
12 Mos. End. June 30—
Operating
bf
executive'
the,new
•
{&
Subs.)-r^
A-s
z.
15,185,363
_
tProvision for Federal
Provision
for
excess
1,911,434
Interest
Other
profits tax™—i
1,772,000
1,884,000
1,371,000
49,824
income.
Other
of
premium
interest
;
Tbtal interest charges
during construction
erty and plant „-w
:
—-
Interest
Net interest
tNet
I—,-
charged
to
-
$6,164,611
1943, and the six
months
ended
12
months
June
and
written
tax
savings
have
ments.
books,
been
; ;v■'
4The
.
than
While
the
on
30,
net
the
made
,
for
as
the
12
amount
was
Revenue
prveiously
provision for
additional
eral
Act
amounts
enacted
"
amortization
income
reported
Oct.,
for
not
were
equivalent
to
post-war
by
June
30,
less
of which $31,000
required by the Fed¬
$398,000 was the appro¬
priation for post-war. adjustment.—V. 157, p. 1807.
to
•
and
'The
Central
until
Bank,
308
4%
to
exceed
100
and
from
July
1,
H Fdur Weeks Ended
July 24—
1943.
•«,V,a58,
p. 288.
o,Jc
•'
'
•
•
,
'
,
1942
$5,794,691
of
Dividend—Mr. Klauber
The
directors
March
on
follows:
a
>
5
March
"The
board
director
to
4,
5
cents
each;
accepted
the
of
retire because of ill
resignation
the
of
executive
health, It
Edwaid
as
Dec.
4,
and
as
a
allowed
157,
Upon presentation on and after Aug. 16, at the
Fidelity-Philadelphia
Trust Co., trustee, Philadelphia,
Pa., or at the holder's option, at the
First
National
Bank,
Trust
Chicago,
Shares
17.219 cents per share.
made.
20.11
111.,
the
(of Standard
On Feb.
During 1942 the
and Aug. 15,
15
then payable on the
group) will be at the rate of
distribution of 19.771 cents wast/
coupons
Oil
a
following
cents,
payments were made:
cents.—V. 157, p. 601.
14.599
Feb.
16,
(Los Angeles, Calif.)—Pays
Arrearages on Both Classes of Preferred Stock—
The
the
on
July 10 paid a dividend. of $1.20 per share on
preferred stock, par $10, and a dividend of $1.05 per
cumul. preferred stock, par $10, both to holders of
This wipes out all arrearages on these issues. Quarterly
company
8%
cumul.
the
on
record
7%
July 1.
payments of 20 cents
stock
made
were
the
on
Jan.
on
8%
10.
stock
1942;
none
Commonwealth & Southern
The
xof
weekly
this
territory
■
kilowatt
corporation
served for
222,523
In 1942,
as
of
17>/a
since.—V.
cents
155,
1752.
Corp.—Weekly Output—
the
week
with
ended
July 29,
207,228,491
for
1943
the
amounted
and
its holding
an
239,week
State
Plan of In¬
Gas
amended
plan of integration
both companies into
and corporate simplification in order to
bring
compliance with the provisions of the Holding Company Act.
American's subsidiaries are Minneapolis Gas
Light Co., Birmingham
Gas Co., Savannah Gas
Co., St. Augustine Gas Co., Bangor Gas Co.,
American Utilities Associates, Lowell Gas
Light Co:, and Public Utilities
Management Corp., a service corporation.
Under the plan American's charter will be
amended so as to change
its authorized capital stock to
23,000 shares of preferred stock (par
$100) and 600,000 shares of common stock
(par $7).
The preferred
Btock will be issued in
$6, $5.50 and $5.10 series. Both preferred and
common
with
.,i
stocks
the first
certain
shall
have
preferred
the
stock
(A)
and
47
6%
shares
series,
unpaid
(B)
46
and
stock
common
rights
of
for
of
interest
shares
for
each
each
common
stock
now
debentures
to
receive
principal
23V2
amount
of
621,500
1,243,000
in
Federal
Federal
$549,824
1,243,000
$0.50
for
11900,000
$0.62
-
held
in
excess
taxes
;
"
profits
tax
and
treasury.
depreciaion
760
$325,000
&
Chemical
Conn.—V.
158,
Inc.
(&
profits tax
taxes
1
15 thereafter to and
be made
than
cash
1,
1953.
In
the
Redeemable
at
Of
102%;
on
after
or
after
$157,183
157, p.
$0.44
1808.
denomination
of
fund
and
Sinking
fund
debentures
be
may
redeemed
credited
as
against
whole
a
interest
accrued
together
with
and
other
after
funds
accrued
To redemption,
the
principal
on
date
of
deducting
of
the
or
int.
$6,793,496,
estimated
corporation,
To
of
on
6%%
redemption,
share
to
the
before Sept.
amount
or
date
158,
of
and
7%
on
or
or
sinking
in
;
to All System
Companies
Gas
&
of
11
the
Co.—Hearing Postponed
on
plan
a
of
the
exclusive
expenses
are
to
of
be
of
$66,504),
applied
as
•
,
Islands
Gas
&
Electric
Co.
amount,
estimated
of
the
a
the
approximately $1,417,000 in cash would repre¬
of
a
tax saving
to the parent system
loss taken with respect to the Philippine invest-
amount
war
Islands
Islands
SEC
bonds
a
Gas
Gas
Electric
&
Co.
in
the
Manila
&
Electric
Gas
Corp.,
<•
•
would
donate
certain
J
.•
indebtedness
Co.,
also
of
the
separate
1,
1943,
to
and
Co.
subsidiary.
order
the
Aug.
six
1,
of
},.
,
Commission
1944,
its
the
;•
u-tff''- - " " extended TbV one year,
exemption
subsidiaries
from
Holding Company Act.—V. 158,
of
the
certain
Islands
'■
••
from
Gas
provisions of
&
the
387.
p.
Consumers Co. of Illinois—To Redeem Bonds—
The
Consumers
Co., the successor corporation, has called; for re¬
Sept. 1, 1843 a total of $100,000 of Consumers Co.
mortgage 5% bonds due June 30, 1956, at par and
interest.
Payment will be made at the Continental Illinois National
Bank & Trust Co., corporate
trustee, 231 So. La Salle St., Chicago,
111.—V. 157,. p. 2346,,.
;
/•'"
v
v
'
demption
of
of
as
Illinois
first
Continental Baking Co. (& Subs.)—Semi-An.
26 Weeks Ended—
Net sales
of
'
.
-June 26,'43
•
goods
sold™
29,141,127
25,070,416
8,866,854
788,428
8,573,708
881,044
1,576,909
Depreciation
General
1,077,574
429,822
;
and
administrative expenses
Bad debts charged off_
337,692
5.603
5,885
$4,169,398
Net profit from operations.
'. Other Income'Total
$2,361,512
147,796
120,719
$4,317,194
income
Loss
$2,482,232
on
plant and equipment disposed of during
period- ^™__™_„______:___^^._™™-™™_.__
Interest
J
for
Federal
Provision for Federal
profits tax
excess
Net
income
Balance at
of
payment-™
income tax„
887,881
accrued
int.
accrued divs.
1,811,980
*
Earnings
♦After
at
per
end
966,000
996,308
$2,534,792
share™..-™™™™$0.67
$956,397
of period.
common
1943, of 30,000
preferred stock at
:__i™™.~„™_
post-war
credit
of
$31,140.
of
redemption
$0.27
;*
Comparative Consolidated Balance Sheet
Assets—
June 26,'43 Dec 26, '42
$7,142,309, $6,815,758
'
Cash
in banks
U.
Treasury notes, tax series C™__.
S.
Trade
and on
accounts
hand
receivable
2,003,638
1,001,469
1,138,355
^—
1,552,563
accounts
and
receivable...—11,640
advances to employees..__—5,405
materials
and
products.™.-—_—.—._™
230,082
6,880
3,807,551
3,373,094
1,697,370
1,423,974
bonds and mortgages———228,901
profits credit™——.—
36,260
Deferred charges
523,231
+Plant and equipment———
28,075,653
243,411
Supplies
—
—-—
-
for
1943
3,150,000
excess
——-—
Goodwill
2,303,290
99,439
...—.—
.—
Sundry stocks,
Post-war
Sept. 1, 1943, of 20,939
preferred stock at $110 per
date
$1,952,705
cumu¬
stock
estimated
658,392
$3,500,792
Balance
■
1,
before
to
$1,294,313
♦Margin deposit on wheat futures purchased as
a
hedge against part of flour requirements
to
to date of redempt.
837,935
$1,688,812
period.
beginning of year™.
lative jpreferred
Raw
$1,000,000
82,581
267,402
*1,-479,055
for
Dividends at rate of $4 per share on 8%
Loans
.
'
548
260,898
.i.__™__4.———
Provision
Report—%
June 27,'42
$44,978,140 $38,312,832-
..,
delivery and selling expenses other than
advertising
Sundry
938,130
divs.
company
Public
approved July 27 two donations by the Consolidated Elec¬
aggregating approximately $2,789,310, to its subsidiary
Public Utility
part
1943, of outstand¬
due July 1, 1950, at
and
before
cumulative
accrued
„
Local
483.
p.
by the Japanese.
;*
addition, the parent company
In
other¬
1,
notes,
thereof
Sept.
cumulative prior
$105 per share and
(d)
at
redemption
redemption,
26.6%.
-y.' 'f-::
,
(estimated
ing $938,130 10-year 4%
To
the
■'
and
of
191,800,000 kwh., compared
corresponding week of last year, an
Total
To payment of outstanding $1,000,000 notes payable to
Bank of The Manhattan
Co., at the principal amount
thereof
(b)
increase
an
to
held
held
:
follows:
(a)
1942,
1,
proceeds
'.-'-'v.
1
'■
gave
the Islands Gas & Electric-Co. the right to
apply $800,000 oi the cash donated by Consolidated,
together with
$3,000 in Its treasury, to the redemption and retirembftt of the
publicly--
payment
net
,>
payment
v :;:-
"■
payments
than
Purpose—The
the
Cost
15, 1944 and on each Nov. 15 and
15, 1952, sufficient in the aggre¬
debentures.
of the corporation
■
in
-f
..
I'.:'1:
Cost of
January 1
$1,000, regis-
through operation of the;Ainking fund in amounts
$10,000 on 30 days' notice, ;on July 1, 1944 and on
date thereafter,
at the following prices and
accrued interest: prior to July
1, 1945, 101,%; on or after July 1,
1945, but prior to July 1, 1947, 100y8%; on or after July 1, 1947,
but prior to July 1, 1949, 100%%; on or after
July 1, 1949, but prior
to July 1, 1950, 100%%; on or after
July 1, 1950, but prior to July 1,
1951, 100y2%; on or after July 1, 1951, but prior to July
1, 1952,
100%%; and on or after July 1, 1952, 100y4%. ' •
>.
less
Interest
for
with Section
SEC
ments
Interest payable
redeemable
not
meters.—V.
resulting from
:
1949,
1,
July 1, 1951,
July 1, 1952, 100y4%.
Also
kwh.
33.0%.
of
amounted
hearing set for Aug. 3 by the SEC
The
:
681,346 ;
1948, but prior to July 1, 1949, 101 Vz%;
but prior to July ,1, 1950, 101%; on or
1950, but prior to July 1, 1951, 100%%; on or after
but prior to July 1, 1952, 100V2%; and on or after
July
:v
,
July
1,
July
Co.,
their
approximating $1,372,310.
The Commission at the same time
approved the plan of the Islands
Gas & Electric Co.
to
acquire and retire bonds presently held by
Consolidated in the face amount of
$2,143,500, through the issuance
of new bonds in the same
amount, to be known as 10-year 4% secured
bonds, due March 1, 1953.
442,602
Nov.
of
sinking
the option
after
or
w
week
electricity
the whole
sent
1942
any time on 30 days' notice, at the following prices and accrued
interest: prior to July 1, 1944, 104%; on or after
July 1, 1944, but
prior to July 1, 1945, 103y2%; on or after July 1, 1945, but prior to
July 1, 1946, 103%; on or after July 1, 1946, but prior to July
1,
1947, 102Va %; on or after July 1, 1947, but prior to July 1, 1948,
on
v/;'-.:
Advertising
debentures
or
Trust
surrender
redemption.—
holding company, the
of
102,937
at
shares
deben-
in
through the
requirements.
fund
incl.
$4,750,000
and
.
as
to principal only.
Sinking fund payments on May
wise
Manufacturers
present
may
tric & Gas Co.,
In
$941,466
terable
may
the
.
Utility Holding Company Act
subsequent voluntary plan to provide for the satisfaction of all,
of, the
company's outstanding funded debt has been
postponed to
Sept. 8.
;
<•
Aug.
3y4% sinking fund debentures is given below:
redeem
'
a
now
$773,573
(est.)
shares.—-V.
Dated July 1, 1943; due July
and July 1.
Coupon debentures
to
at
•'
.
shares
any time prior to Sept. 1, 1943, and receive
and dividends to the date of such earlier
of
of
comply
and
.
Consolidated
Cigar
Corp.—Further
Data—Further
data in connection with the offering of $7,000,000 10-
gate
made
l.
of Sept. 1, 1943, a total
preferred stock at 105 and
as
prior
'
Subs.)—.
1943
•On combined class A and B
shares
shares).
The
to
The
141,341
exc.
200,000
■
<
»
deprec. & Fed. income
Co.—
300,000
Intra-System Financing to Offset War Loss Approved
188.
p.
Net profit
$189,630
•Earnings per share__™-.-_—$0.53
year
be
N. Y.
called
144,200,000
Electric
Industries
&
>.
forf redemption as of Sept. 1, 1943 •
9. total
3V2% debentures dated Sept. 1, 1936, at 104 and
will be made at the Hartford-Connecticut
Trust
Argentine inc. &
Witter
redemption
Consolidated Electric
for '
1943'
3 Months Ended June 30—
Fed.
Dean
cumulative
will
the
corresponding
demand
under
.
profit, before
Depreciation
"
$0.61
tNo
Hartford,
100,000
Sons
During the latter part of July System companies
operating in Man¬
hattan, Bronx, Queens and Westchester counties
put into effect
a
bi-monthly system of meter reading and billing similar to that which
was
inaugurated by the Brooklyn Edison Co. in June.
Bi-monthly,
billing now applies to gas and electric service of all of the
System
companies' residential customers and all commercial customers without
and'f obsolescence
St.,
Inc..
&
164,600,000 kwh.
the
increase
1,243,000
called
Main
of
484.
distribution
•
20-year
at
105
158, p.
for
and accrued charges, $780,717; Federal,
accrued, $2,443,146; reserves, $2,130,492; common
earned surplus, $14,659,764;
total, $3ll,664,738.—
Payment
trustee,
Tracy,
Rollins
,'•
taxes
been
&
H.
Inc.
Consolidated Edison Co. of New York,
Inc.—Output—
progress,
local
100,000
150,000
300,000
The company on
Aug. 4 announced that System output of electric¬
ity (electricity generated and purchased) for the week
ending Aug. 1,
1943, amounting to 208,500,000 kwh., compared with
stock), $1,368,486; post-war refund of Federal excess,
$110,000; landj $1,167,206; buildings and equipment (less
Net
follows:
secured
therefor
for
St., New York,
holders
certificates
v.
called
Payment
Broad
The
been
shares of 6J/2%
dividends.
55
common
for
have
of 30,000
$139,081
;
*
$0.94
Co.
Hop-—
Rogers
E.
700,000
There
213,500
1,243,000
•
&
200,000
;:iTo Redeem 30,000 Shares, of Prior Preferred Stock—
$1,171,324 b $760,581
621,500
621,500
$148,238
com.
Consolidated
Gas,
principal amount of secured deben¬
outstanding, together with all accrued
$1,000
$769,738
250,006
■
Beane____;
Riter & Co.——
*
200,000
Bi-Monthly Billing Extended
1,420,000
&
wood
100,000
>•-
&
Merrill, Turben
Jaffray
700,000
inv
1555,000
deben¬
respec¬
Pierce,
Piper,
100,000
&
Lynch,
Fenner
:
275,145
621,500
on
•
700,000
Lehman Brothers
$1,248,226
275,658
.
the
'
Merrill
150,000
Kidder, Peabody & Co,
and
and
possessed
Minneapolis
as
$2,346,981
288.233
Sons™,i:
McCormick
of
Co.'
700,000
Co.
111,622
$2,477,972
&
underwriters
McDonald-Coolidge
200,000
i
~
Co., Inc.^_»"
Kalman &
$1,136,605
85,210
84.395
$659,759
Earnings—
$1,000
American
,($500
its
$2,261,771
$2,393,577
38,162 shs.
250,000 shs.
several
200,000
Kebbon,
1340
92,108
$7,000,000
.
Co., Inc
Brown
with
increase
$8-7,000
(c)
of
1S41
,
322,170
$595,000
There have
of
exceptions.
American will issue shares
tures,
preference
and
1942
the
Charles Clark & Co._-__"
Subs.)— Earnings-
$1,444,821
—
stock, $11,650,620;
v. 156, p. 1950.
of
V
by
(&
Outstanding
principal amounts underwritten by them
'
:
follows:
as
First Boston Corp.
The First Clevel'd
Corp.
City
1943
Be
:
of
names
The
Liabilities—Accounts payable
any
subsidiary, American &
company
) Power Co., filed July 29 with the SEC
to
corresponding
158, p. 483.
increase of 31,994,032 or-15.44% .—V.
company
p.
7%
hour
Community Gas & Power Co.—Amended
tegration Filed With SEC—
The
the
on
output of electric energy of subsidiaries
adjusted to show general business conditions of
compared
an
and
Alex.
.•
$1,536,929
sh.
profits tax,
May
Commercial Discount Co.
share
the
par)—
Blyth <fe Co., Inc.,
S.
shares
1807.v.
p.
Combined Trust Shares (Phila.)—Distribution—
Combined
of
are
Blair &
Lowell
1
,
Klauber
committee,
announced.—V.
was
were
and
"
Chairman
as
30
1 -
v
(no
the several
Eastman, Dillon & Co._ $1,650,000
doubtful debts of $129,835), $1,487,889; accrued
interests
receivable, $27,046; other accounts receivable, $61,733;, inventories, $6,956,459; other security investments, $733,589;
treasury stock (147,000
30-Cent
1942
cents.
also
and
Disbursements in
June
6,
year-end of 60
him
and June
4, last.
and Sept.
■
stock
and
tively,
$3,831,118; U. S, Government tax notes, $1,245,000;
Government, State and municipal securities (less
amortization),
$4,777,912; notes and accounts receivable (less reserve for cash dis¬
Resigns—
4 declared a cash dividend of 30 cents per
share on the present class A and class B stock of
$2.50 par value,
payable Sept. 3 to holders of record Aug. 20.
Similar payments were
made
existence until
to
sinking
Underwriters—The
tures
J.,
;
and. Capitalization
-
Common
$9,000,000 principal amount.
continued in
Debt
fund debent., due July 1, 1933—
cumulative prior preferred stock
(par $100)
6 Va %
to
Assets—Cash,
U.
Co;,
■_
Aug.
on
consent
(estimat.)
shares
interest.
;v
li Columbia Broadcasting Systemy'tnc.—To Pby
*
by American
Connecticut Light & 'Power Co.—Debentures Called—
1943,
$6,442,828
;
paid
in accordance with the
indebtedness.
After this
these "sales
out. (no par)
per
"Includes
Colonial Stores, Inc.—Sales Show Gain—
'Sales
of
$33,259
com.
Earns,
Euclid
interest
be
ratably
.
gold
prices not
Gas
of $14,123,266),
$9,646,452;
$205,558; goodwill, trademarks, patents, proc¬
esses, etc., $1; deferred debits, $46,289; total, $31,664,738.
'
;
Ave., Cleveland, Ohio, will
15 receive bids for the sale to it of first mortgage collateral
bonds to an amount sufficient to exhaust $85,000 at
Aug.
trust
National
of
State
taxes
reserve
Cleveland Securities Corp. (Del.)*—Tenders—
"
holdings will
certificates
Amboy, N.
Poughkeepsie, N. Y.
10-year 3%%
'
"
Masters, Harvester, La
Funded
been
the
construction in
.
•■■:
Consolidated Balance Sheet, June 80,
•
tax
1942, and
and
•
$429,000,
profits
mately 90%
Dutch
proposed 1942 Act.
tExcluprovision is required for Federal;
excess profits tax.
^Includes $111,000 for Federal excess
profits tax,
and $260,000 for anticipated increase in Federal
taxes.
the
is
approxi¬
of total net dollar sales for the
year 1942, are El
Producto,
Palina, Lovera, La Azora and El Sidelo.
Corporation manufactures all of the cigars sold
by it and its sub¬
sidiaries. The manufacturing
plants are located at Philadelphia, Lan¬
caster, Coplay and Allentown, Pa., Camden and Perth
by
of Minneapolis, American will
of
its authorized preferred stock as follows:
(1) One
share of the $6 series for each
outstanding share of first preferred
stock, $6 series, of Minneapolis; (2) one share of the $5.50 series of
preferred for each outstanding share of
Minneapolis first preferred,
$5.50 series; (3) one share of
preferred stock, $5.10 series, for each
outstanding share of first preferred, $5.10 series, of
Minneapolis, and
(4) one share of preferred, $5
series, for each outstanding share of
first preferred, $5
series, of Minneapolis.
\
.J;*
First mortgage bonds and first
preferred stock held by Minneapolis
in its (treasury are to be canceled
an4.retired.-rV; 158, p., 187.
sive
adjust-
1942,
received
shares
counts
ended
has
completion
estimated
'■
months
excess
in
of
from
appropriaitons
'tS-M
,
income
the
be
and
payments Minneapolis will
transfer, assign and convey all its property, franchises and assets
to;
American, subject to consent of the City of
Minneapolis.American
will
assume
Minneapolis's liabilities and indebtedness, including its
first mortgage bonds, and will
qualify to do business in Minnesota and
will change its name to
Minneapolis Gas Light Co.
i *
»%• i?Zi <
tShs.
30, 1942, reflects reductions of ;
refundable after the cessation of
deductions
such
Surplus
the interest of national defense during the
These deductions resulted in tax savings of
$1,371,-
$398,000.
off
of
Jacksonville
Dividends paid
necessary.> in
emergency period.
000
sale
Net income
tin
as
to
:c,
Associates held by American.
come
<"30,
tified
of
•••.Upon
Federal
computing - taxable net; Income for the 12 months ended June
1943, and the six months ended June 30, 1942, there was deducted
$1,693,000 and $491v000, respectively, for amortization of facilities cer¬
-
.
the
on
Total income
Depreciation
5,118
June
$119,000, respectively,
of
Other income .i.
$1,270,809
$6,725,687
•
ended
outstanding
sold, after which it will be dissolved and liquidated and Its assets
transferred to American in satisfaction of the notes and
indebtedness
Cr268,li2
$1,421,599
™
each
the board of directors.
•is
prop¬
profits,tax for the
stock
common
fixed by
■;
?
Operating profits
$1,538,921
Crll4,719
charges
excess
rw
to be
Congoleum-Nairn, Inc.
33,803
2,546 "
-
$1,536,318
income
*Provision for
$189,000 and
hostilities.
33,772
.;;
-
:
date
a
6 Mos. End. June 30—
1,500,000
kJZZMt■
——
Business—Corporation was incorporated May 14, 1919 in Delaware.
Corporation and subsidiaries are engaged in the
business of manu¬
facturing and selling cigars.
The principal brands of the
corporation
and its subsidiaries, the net dollar
sales of which constituted
shares).
for
.,
$7,996,496
1,500,000
debt
bond
of
as
Under the plan Associates will be
9,767
$7,586,210
———
funded
on
Amortization
accrued
paid in full American will contribute the re¬
maining proceeds to Minneapolis, which will apply the
proceeds to the
retirement of its outstanding
participation units and first mortgage
bonds by purchase or
redemption, so that the participation units majT
be eliminated and the bonds reduced
to
35,080
:
—
Interest
,
$7,951,649
-
;.w-
——
income
Gross
v
4,592,193
$7,536,271
depreciation
398,000
4,252,618
115
for
1 Net operating revenues
,
-
3,449,791 ;
2,887,290 -
adjustments™.;...-
post-war
23
stock
all
its
American's
issue
-13,596,090
Maintenance
2,002,726
other than income tax^_-_r--__i__^--i :> t 3,964,480
♦tProvision for Federal income ''tax.™—2,956,000
Appropriation
American's
to
Subject
1943
1942
$39,290,033 $36,330,-873
Taxes,
*
*
'.
„
-
Engineering
> ;;r'',
-
receive
common
with
"every reasonable effort to sell to non-affiliated
holdings in Birmingham, Savannah, St. Augustine,
Lowell (which may include
Associates), subject to SEC
due
indebtedness
•['
V-
Cleveland. Automatic Machine Co.—Acquisition—
••
of
of
together
stock.
amounts
it'
v
debentures to
share
a
common
Minneapolis and
4,230
$6,247
.
Proceeds
♦$1,554
•>
2,676
surplu£;-'—.^._™—-.T-,,-,-
outstanding,
make
of
authorization.
.
($500
of
shares
holders of record
90
v
American
Community will be sold by the latter company for cash in the overthe-counter market and the
proceeds, together with Community's other
funds, will be distributed pro rata to its class A and B common stock¬
13,731
1,601
expense
__™——
unpaid
of
share of American's
~
.
series
(C) One-fourth
Disbursements
operating expense—-—
Equipment purchases
Net
and
'.''•
V"'
received
Maintenance and
General
Receipts
5%
tures,
■
(Continued
-
Total
—-—
—
—
——
6,831,405
5,120
450,818
28,808,129
6,831,405
$51,501,717 $50,842,142
I
''THE'COMMERCIAL
574
Employees'
—_
Accrued
real
estate,
interest
payable
Dividend payable
Funded
debt
year
cess
Funded
taxes—
guaranty
debt
insurance
Paid-in
16,207,000
40,756
—
reserve
132,654
stock
24,470,000
1,000.000
1,000,000
/——_
>
—-
Total
$51,501,717 $50,842,142
—
tAfter
as
reserve
sales
1941
$5,640,123
$5,835,695
$6,756,083
$4,181,482
5,200,891
5,242,009
130,072
5,973,508
141,562
141,583
$321,203
$463,614
$641,013
$278,504
expenses
_
_
_
_
Operating profit
Other
52,229
Federal
10,013
24,668
$665,681
tory
10,653
12,358
15,245
♦326,000
$234,410
$324,435
17,288
31,054
32,687
___
50,140
50,140
50,140
♦Includes
$241,608
$58,395
$0.99
$1.02
$1.45
$0.54
1942.—V.
sales
of
Cost
_
735,360
1,241,835
265,523
451,269
480,832
of
San
$1,010,252
$1,181,617
64.042
23,520
88,854
Total
income
$1,033,772
$1,270,472
$2,060,691
47,250
Int. on funded debt—)
of deb.
Amort,
123,250]
21,191
43,167|
I 1,0815
exp.____j
2,196
Loss
634
649
property-.
Superior
on
ment
of
Allot¬
Prov.
for Fed.
inc.
Prov.
for
tfrof. tax)
Prov.
for increased tax.
Net
exc.
profit
Earns,
tax.)
354,540
$403,747
$869,443
$1.70
$4.00
$334,338
__________
:•
share,.
per com.
Consolidated
$1.49
Sheet,
Balance
June
]138,260
231,960
30,
$991,863
$4.32
banks
in
Liabilities—Accounts
and
on
(trade),
payable
are
due
one
*
of sales——
surplus,
capital
surplus,
earned
$1,721,598;
H.
Ronzone,
Controller
formerly
Assistant
Treasurer
has
been
Troxell
Mr.
V.
elected
interest-r
$511,098
-
158,
will
continue
the
of
as
a
member
of
the
share
per
$317,129
$0.14
$366,984
$0.53
$114,609
$0.61
$0.19
♦On
profit
I
600,000 shares of capital stock.
Net
for
the
a
share,
the
12
months
months
12
ended
as compared
ended June
30,
June
30,
1943,
with $991,856,
1942—V.
157, p.
$874,611,
was
or $1.65
a
share for
1555.
corporation in
reorganization
to
that
The
17,468
last
June.
made
Creole
in
three
by
appraisers
The
new
appraisal
stockholders who
to
issue
19,946,658
announced.
accordance
of
in
previously
shares
of
$190,868
$154,493
The
Net
interest
income
__.
.
stock,
the
requests
proposal by
will
meet
on
Aug.
17
and
Creole
company
/,•
those of Lago
on
/// '
May
a
and
(3)
an
increase in
$1,150,505
22,524
$1,210,307
$1,173,029
*•-'*/
31,957
98,280
--
*
173,122
462,357
•
*
120,000
- ...
.
$71,164
$75,478
197,094
581,240
*
'
_.
-____/.'
losses—"
Federal
$454,828
$394,695
Judge
that the Army-Navy "E" award for out¬
in producing war equipment was made to its
24.—V. 157. p. 1941.
,
>
July
on
Operating
revenues
Operating
purchased
Maintenance
for
Prov.
Federal
,
of
5%
the
Commerce
158,
Commission.—V.
p.
credit-
8,917
taxes
'Operating 'income
income
1
-
Other
capital stock of Creole from 7,000,000 shares to 27,000,006 shares of $5
3,720
$776,917
$774,056
452,995
465,798
expense-
52,968
53,429
interest—,———
14,536
14,692
charges——
4,540
8,032
to construction—Cr_
'•'/> 1,312
2,803
debt
—
debt discount and
assumed on
interest
charged
911
764
$252,279
$234,143
Miscellaneous income deductions
income
Net
158,
$77.0,336
,
793
—
long-term
on
of
Amort,
Taxes ;
287,525
$776,124.
—
income
Interest
75,500
294,958
;
Other
__
p. 389.
"
(& Subs.)—Earnings—
Eaton Manufacturing Co.
/
:
Net
484.
profit after
Earnings
Co.) V;.
30—
charges and
6 Months Ended June
taxes
Dixie-Vortex
181,227
96,210
post-war
per
common
1942 Federal taxes
first half of
1943
'
/
•
' 1942
made in the first,.half .of 1943 fpr
in effect and for contingencies.
In the
aggregated $8',191,851.—V. 15?, p". 2248.
was
at rates now
income
an
\
•
taxes_—$1,989,596 $2,064,835
share—/———$2.83- ' . . $2.93
$12,422,886
of
Provision
(Formerly
222,818
taxes——,—
taxes—_________
profits
Other
of the
court,
210,316
480,152
profits
mortgage
first
48,681
";•>
196,284
500,659
depreciation——
income
1,275,084
71,527
resale.
.—
<*
$3,328,820
$3,475,753
1,326,090
——
for
1942 :
1943
.
—
——
Excess
RR.—Plan Opposed—
Rio Grande Western
(& Subs.)—Earns.
,
Excess
felt the cash distribution should
.
;
,
expenses
Electricity
Dixie Cup Co.—Earnings—
the authorized
Mill Co.—Receives Award—
announces
,12 Mos. End. June 30—
Bond Plan—
in principle to the decision of a majority
John C. Knox, the third" member of the
10%.—V. 158, p. 484.
instead of
Interstate
-
Eastern Shore Public Service Co.
dissenting opinion,, stated that he
holders
,
achievement
Gross
&
...'
:
company
employees
1963.
1,
15%
calls (1) for the exchange of 19,632,254 shares of
stock, (2) for the liquidation of the Standard Oil Co. of
Creole subsidiary,
a
24,279
7.
prov.
389.
p.
standing
bonds of the Rio Grande
Junction Ry. Co. have filed objections in the U. S. District Court at
Denver
to the plan
of reorganization of the Denver & Rio Grande
Western
RR.
A hearing
has been set for Sept.
13, according to
Percival E. Jackson, counsel for the bondholders. The District Court /
at Denver has under advisement confirmation-of the plan ,'of reor- V
ganization of the Denver & Rio Grande Western- as approved by the
management
re-
Eastern Rolling
The
issue
The
The
with
a
$.1,186,028
$201,401
•
/.
before
retire,
158,
Interest
both
-*•
-
72,192
post-war
inc.
for
—V.
plan
new
Creole capital
Venezuela,
the
to
for
Prov.
$72,758
be
'
Creole
18 to vote on the latest proposal.
Aug.
by
compliance
objected
its
„
Stockholders
the appraisal of
appointed
made
was
with
$2,043,227
892,722
|
'1,818,809
4,132
-
$175,737
income—
corp.
Depreciation
2,631
bonds
on
Denver
is proposed
4,102
-
rents, etc.28,067
5,903
3,738
company.
minority
Gross
$197,269
$171,635 /
income
Interest on funded debt,-
18,105
5,697
4,965
court,
stockholders proposes a new plan of
will issue 19,632,254 shares of its stock
it
J
Balance
161*763 •
305,666
<
Other
\ r 606
5,573
in
letter to
a
which
under
exchange
corporations
of
600
600
bond discount & expense-
Lago Petroleum Corp. in exchange for the properties and net assets
of
50,538
68,564
17,090
to
Corp.—New Reorganization Plan—
$3,004,837
•Operating profit
37,117
expense
—
Although agreeing
Creole Petroleum
The
$359,032
$4,942,201
2,898,974
$6,996,295
.3,991,458
Taxes
matured on April 1, this year, and the two com¬
panies were not able to make payment in full. •
Under the plan as approved by the court,
and previously by the
Interstate Commerce Commission and a majority of bondholders, the
Delaware & Hudson Co. is to dispose of its portfolio of marxetable /
securities before May 1, 1946, instead of May 1, 1948, as first proposed,.,,;
and will make a cash distribution
of 10% to bondholders, the re¬
mainder of the proceeds from the sale of the securities to be placed .
in a sinking fund.
The maturity date of the issue will be extended
1943—6 MOS.—1942
$897,436
538,406
86,271
Corp.
1943—3 Mos.—1942
$87,193
equal to $1.46
expenses—_
$243,634
Delaware 8c Hudson Co.—Court Approves
charges
and taxes
"Earnings
revenues
oper.
$1,110,273
632,972
$477,301
oper.
Ry.
;
1943—6 Mos.—1942
1943—Month—1942
.
Ry.
special statutory court of three Federal judges on Aug. 4 approved
the plan
to ease payment of the principal of the $50,000,000 bond
issue of the Delaware & Hudson Co. and the Delaware & Hudson RR.
Period End. June 30—
.
Period End. June 30—
A
Net profit after
$1,679;
assets,
Ry.—Earnings—
Massachusetts Street
Eastern
-V. 144, p. 4341,
Cream of Wheat Corp.—Earnings-
current
2040.
p.
directors.—
of
board
$385,465
87,142
Amort,
484.
p.
other
debt, $1,724,649; accounts payable, $43,289;
customers' deposits, refundable, $9,358; accrued interest, long term debt,
$26,202;
accrued taxes, State, local and Federal, $49,848; accrued
insurance, $1,475;
other accrued liabilities, $4,141; deferred credits,
$7,528;
reserves,
$425,113; capital stock
(par $1), $30,517;
earned
surplus, $221,844; capital surplus, $347,250; total, $2,891,215.—V. 157,
11,80.1
65,789
Interest
division,
steel
investment in sub¬
term
Liabilities—Long
$231,834
/
115,673
Net
company'3<
11,705
127,340
North American Securities Co.,
Thomas F. Troxell, resigned.
of
$373,759
Depreciation
succeeding
Treasurer,
insurance, taxes, etc., $2,685;
debits, $973; total, $2,891,215.
deferred
20,250
Copperweld Steel Co.—New Treasurer—
Millard
ex¬
bankruptcy, $136,472; cash, $188,458;-temporary. ca3li in¬
$5,001;
notes receivable
(merchandise contracts),- $276;
receivable, $67,578; materials and supplies, $47,860;. prepay¬
accounts
ments,
1,110
-
General
and
131,501
Cr2,815
19,575
expense
(net)
administrative
organization
including
in
sidiary
•
1941
$2,469,243
" 2,118,543
( 117,756
1942
$3,253,365
-.2,750,919
-
Expense non-operated propertyProvision for income taxes
treasury stock
$4,492,347;
and
equipment,
and
employee war bond payroll savings account, $1,632;
Ended April 30
67
administrative
subsidiaries
of
General
(121 shares of preferred stock and 87 common shares), Dr$16,291; total,
'< \
,
1943
other intangibles (net), $2,427,223; cash on deposit with
$4,348; U. 8. Savings bonds on deposit with trustees, $7,027;
adjustments
$15,964,717.—V. 157, p. 1741.
June 30,
Sheet,
and
trustees,
together with the proceeds of a
mortgage 5%
1943
$4,146,011
3,497,073
137,773
—
Profit "before- deprec.
Profit
$200,000), $1,000,000; reserves, $1,044,403; 7%
cumulative preferred
stock, ($100 par), $1,000,000; common stock, $5,279,300; initial and
$32,574
--
vestments,
$530,674
and
General
plant
Assets—Property,
pense
'
Other deductions
year,
$17,095
statement
income
consolidated
to be used to refund first
sales
Cost
sinking fund debentures, sinking fund retirement
$200,000; 10-year 3%
sinking fund debentures
May 15, 1949 (less sinking fund retirement due within one year of
within
$7,300. \
taxes
Consolidate! Balance
as
Earnings for the Fiscal Years
liabilities,
accrued
$682,034;
and Beaumont,
$561,325; 10-year 3%
due
18,411
' .21
,
income
of properties and subsidiaries, which have been sold. ,*
expenses
Plants
and
Income—
Net
S.
U.
June 1, 1947 to 1953.
Coupon
Principal and interest (June 1 and
property
surplus.
1943
$1,667,205;
hand,
Federal
$37,723
$115,797
20,59678,440
33
133
—/ v 4,650
of the company and its
subsidiaries for three months' period ended June 30,
1942 and 1943
and for the 12 months ended June 30,
1943 excludes revenues and
is being purchased from the Southwest Dairy
Products
Co.,
the parent company of Dairyland, Inc., for/a total
amount of $321,425; $102,500 of this will be paid in cash by Dairyland,
Inc., and the balance of the consideration, namely $218,925,: will be
contributed by the parent company to itss wholly-owned subsidiary as
Government
securities, $1,556,718; accounts receivable (less reserve for doubtful
accounts and discounts, of $185,849), $923,861; inventories, $4,072,594;
other assets, $14,884; land, $422,576; buildings, machinery and equip¬
ment (less reserve for depreciation of $8,475,382), $7,241,614; intangible
assets, $1; deferred charges, $65,264; total, $15,964,717.
Assets—Cash
funded
for
Bal. transferred to consol. surplus
the largest milk distributor in the important markets
Tex., and Shreveport, La.
In addition, it does a
in ice cream and miscellaneous dairy products in
unsecured loan,
This
erty.
(604,165
)281,440)
| 91,660)
'231,960
284,600
2,645
unfunded debt
presently outstanding in the amount of $340,100.
The balance
to be used as a part of the purchase price of the Shreveport prop¬
is
42,730
617
394
debt——
on
bonds
Co.
$113,153
.,/ $25,731
—_
on
•Nete—The
business
Houston
$150,000
2,265
3,322
9,452
$37,106
'.—
—
income
Provision
due annually
1943;
demonations.
Purpose—The proceeds of this issue,
Loss on sales or disman¬
tlement
income
5,900
$25,337
income
Interest
well as in the first two mentioned
markets.
Company
was
incorporated in Texas on Feb. 19, 1936.
Dairyland is engaged primarily in the processing and sale of fluid
milk and ice cream, doing an annual sales volume of approximately
$4,146,000, of which 63%
is fluid milk, 31%
ice cream, and 6%
miscellaneous sales of butter, eggs,., ice, powdered milk, etc.
T
' "-
56,178
$640,778
_______
51,978
———
——-
Interest
Antonio,
substantial
$2,004,512
$576,736
income
113,809
of sub-
taxes
/
Operating
Other
taxes——
income
income
sidiaries
only.
1,
Fed.
for
93,460
-
27,775 '
26,525 1
12,947 //•/, .12,605
—
__
than
other
Taxes
16,267..,
29,147
—__
replacements &
fpr renewals,
retirements
388.
p.
$1,000
Company—Is
depreciation-
Profit from operations
exc.
Products
1,578,440
240,703
158,
June
in
Dallas,
Other
———.—$6,103,201
profits taxes (less postwar credit)4,948,305
20,807,387
gen.
_
for
18,952,132
600,333
&
expenses
Prov.
10,070,318
.9,624,652
selling
Admin,,
1943—12 Mos—1942
1943—6 Mos.—1942
sales
&
power
Maintenance
payable at Alamo National Bank, San Antonio, trustee.
Bonds
callable at option of company on any interest date at a premium of
V2 of 1%
for each year and fraction thereof between the date of
redemption and the final maturity of the bonds called.
Accrued
interest from June 1, 1943, is to be added to the price stated.
$11,042,426 $12,081,454 $21,826,854 $24,871,172
_
_
Operating expenses
1943
$737,855
119,408
236.590
1943—3 Mos.—1942
$184,413
$179,064
—/„
29,663
27,728
—( / •'
59,543
52,933
/
1)
Dec.
Months Ended June 30
Earnings for Six and Twelve
Period End. June 30—
Net
inc.
Fed.
bonds
profits tax.
excess
Consolidated
$6,075,035
28,166
profit for the
of Texas
50,140
$153,216
share—
com.
Operating revenues
(miscellaneous)
485.
p.
(& Subs.)—Earnings—
Service Co.
Period Ended June 30—
Offered—
Antonio, Texas, re¬
cently offered at prices ranging from 100 and interest
to
102 and interest, $300,000 first mortgage
(closed)
4V2% serial bonds.
The offering was made to residents
32,804
$148,751
per
139,795
—____
and
bonds
debenture
for
158,
12 Mos.
331,747
operations
from
V.
also
See
Coast Public
East
exchange
in
corporation,
Bowser.
—______
—
—
income
Dated
Earns,
stock of
.——_
——
Dairyland, Inc., San Antonio, Texas—Bonds
$141,339
dividends
Surplus
Indiana
common
Dewar, Robertson & Pancoast, San
57,000
dividends
Preferred
Common
an
Gross
69,270
$216,179
this
plan also provides for the transfer of all of the capital stock
Terryville Co. acquired as aforesaid to S. F. Bowser & Co.,
The
Prov.
inven¬
profit
to
Inc.,
period—
:—
—
$1,154,896
Earnings per common share
$1.75
The net profit of $1,154,896 for the six months compares with an
adjusted net profit of $952,632, or $1.44 a share for the first half
26,165
♦226,860
decline
Net
will
The
of
$293,774
*146,600
——
future
Approp.
profit
Net
15,270
$473,628
_
taxes
*
—__________
taxes
approving a plan providing
and assets, including
on
poration,
stock
30, 1943
the 6 Months Ended June
for
operations-—
—
income
Estim.
of
income
Interest, etc.
paid
Total
$373,432
income
Total
Statement
from
27
Aug.
vote
all of this company's property
transfer of
and franchises, to The Terryville Co., a Connecticut cor¬
in- consideration by the latter company of all of its capital
company and
the assumption by 'the Terryville Co. of
all liabilities of this company, including all cokts and expenses and
liabilities incurred by this company in the transfer of such property
and assets and in connection with the .dissolution of this company.
good
3,761,395
118,028
___
and
Depreciation
•
will-
stockholders
the
Prov.
1940
'v
1942
1943
3 Mos. End. June 30—
Costs
■
■
Plan—
Eagle Lock Co., Terryville, Conn.—To Vote on
The
for
Purchased
Net
Other
Continental Steel Corp. (& Subs.)— Earnings—
Net
profit
Interest
1942.—V. 157, p. 1741.
Dec.. 26,
$21,956,498 at
.
Estimated Wisconsin income
against
hedge
a
2147.
p.
shares
the
—
part of flour requirements for 1943.
for depreeiatioh t:of $22,'617,195 'it June 26, 1943, and
"■Purchased
Dividend—
$9,461,552
Selling expenses
—
——
1,011,841
General and administrative expenses——
v //648,483^'
Provision for depreciation and amortization———
179,793
Social security and unemployment taxes-——>—
—/ 374,858 /
Provision for postwar adjustments and other contingencies
700,000
1,811,980
2,534,792
/'/,.,■.//■ /'/■;
v
.
3
Aug.
on
157,
Income
Gross
595,761'
599,141
surplus
Earned surplus
85.,
p.
Other
underwriters.
of
& Co. heads the group
by amendment.
registered 73,514 are to be
Noyes
be supplied
will
sold to the underwriters
by J. P. Morgan- & Co., Inc., Henry Sturgis Morgan and Junius Spencer
Morgan,, as executors under the will of John Pierpont Morgan, while
10,000 are to be sold individually by Henry Sturgis Morgan to Hemphill,
Noyes & Co., one of the underwriters.—V. 158, p. 85.
Of
Cutler-Hammer, Inc.—Earnings—
132,654
24,150,000
—________
preferred stock ($100 par)—
(1,075,429 no par shares)-—
made.—V.
311,105
40,756
—
,
reserves
cumulative
Common
666,000
2,343,720
ex-
i
deposits../--—-
___;
Miscellaneous
87c
679,500
3,553,671
.// 311,688
15,857,500
income and
Hemphill,
names
declared a dividend of $1.75 per, share on
account of accruals and a regular quarterly dividend of like amount
on the 7%
cumulative preferred stock, par $100, both payable Sept.l,
to holders of record Aug.
16.
Like amounts were disbursed on this
issue on March 1 and June 1,
last, and on Dec. 1, 1942, while in
each of the 12 preceding quarters payments-of $1.75 per share were '
directors
The
■
537,714
_____________
profits
Salesmen's
489,400
due within one
for Federal
liability
158,
Cushman's Sons, Inc.—Accumulated
218,315
483,000
—
stock——'
common
on
instalments falling
_„
Estimated
Fire
preferred stock
on
earlier.—V.
537,074
215,699
_—
Dividend
-.
511,738
_
..
Accrued
30,
year
275,981
security and sundry
social
taxes
1942.
June
145,963
143,350
—■
«...
Victory tax collections.—
Monday, August 9, 1943
of
assets
current
bond
for ..war
deductions
payroll
( purchases
$1,334,700
$1,012,247
I
_
Treasury tax certificates, amounted to $28,liabilities were $23,157,155, as compared with
$9,111,679 and current liabilities of $4,802,228 on
Earned surplus was $6,504,609 against $2,902,068 a
$3,000,000
of
U. S.
727 993
and current
Liabilities—
Accounts payable
».
& FINANCIAL CHRONICLE
..
'
par
value stock.
Creole
also
from
receive
the
Venezuela
Government
all
the
Net
replacement concession grants previously applied for by Standard Oil
Co. of Venezuela, Lago Petroleum Corp., Lagomar Oil Concessions, Inc.,
and Compania de Petroleo Lago, the latter two Lago subsidiaries.
As soon as practicable after adoption of the plan of reorganization
>/■ Fed.
•After
p.:
♦Net
profit
tEarnings
♦After
taxes.
____
tOn
Current
$42,013,188
share
$4.86
381,081
$0.70
charges, including Federal income
545,800 shares of capital stock.
assets
as
of
June
30,
1943,
including
798,635
cash
and
1940 /
/Ebasco Services,
.For
on
______
$2.23
profits taxes.
directors have declared a
stock,
par
/
$1.89
:
$1.87
$2.18
202,666 common shares.—V. 157,
■;.'; / v.
.V.i, ;''.V/-',»
National
tOn
5-Cent Dividend—
dividend of 5
:l
;
Dwight Manufacturing
'
cents per share on the
Co.—Registers With SEC—
filed a registration statement (2-5187) with the
SEC for 83,514 shares of capital stock (par $12,50).
All of the shares
reeistered are now issued and outstanding.
the,
Inc.—-Weekly Input— ;
July
ended
week
29,
1943,
•
;
the System
*
,
inputs
of
client
operating companies of Ebasco Services Inc., which are subsidiaries of
American
Power
& Light
Co., Electric Power & Light -Corp. and
week
-
Light
&
Power
1942
during
were
:
_/
•
-
•
Co1.,
as
\
,
.
/.
Operating Subsidiaries of—
Power
& Light
Co.—
Electric
Power
National
Power
&
&
Light
Light
corresponding
'
•
Thousands of Kilowatt-Hours
—Increase—
< <
1943
'.185,709
Corp.— / 112,691
Co.—__
the
.
•' V
;<•*
with
compared
as
follows:
American
$1,
Company on July 27
profits
1
$6,249,860
.
"$825,007
^
$0.18
excess
■
payable Oct/1 to holders ofl record Sept. 15/;
A like amount was disbursed on April 1, last,
and on Oct. 1, 1942,
the first payments since March 1, 1939,; when a-4% -stock dividend
was
paid.—V. 158, p. 85.
'
>•
$8,596,614
96,661
$1.46
and
$888,183
Duro Test Corp.—To Pay
The
1940
1941
$12,023,063 $12,868,957
2,654,135
per
all
1942
1943
1941
*$828,902
•
Crosley Corp. (& Subs.)—Earnings—
sales
stock
excess
1942
and
1842.
capital
6 Mos. End. June 30—
taxes—
per
share
common
stockholders, Lago Petroleum Corp/will transfer to Creole all its
assets except $10,000,000 of its account receivable from Standard Oil
of New Jersey and Its investment in the capital stock of and account
receivable from Lago Oil & Transport Co., Ltd., which items Lago will
retain.—V. 157, p. 1808.
/ ~
int.
inc.
tEarns,
by
Net
after
inc.
1943
$899,564
12 Mos. End. June 30—
would
100,00?
1942
/
:.
*
Amt.
156,646
88,730
88,406
29,063
23,961
/
11,601
include the -system inputs of; any
panies not appearing in both periods.—V. 158, p. 485. ./
y
<The
above
figures do- not
Electric Power & Light
The
com¬
Corp.—Exemption Granted—
granted July 30 the application of company, an inter¬
holding company in the Electric Bond & Share Company
SEC
mediate
%
18.5
"27.0
13.1
Volume
system,
of
for. an
Rule
Number 4201
158
shares
U-50
of
The
competitive
exemption from»the
the
under
Holding
1
stock
common
opinion
of
the
($20
THE COMMERCIAL
bidding
the
Power
sold
Co.
states:
Electric has filed a*'separate declaration and application
(File No.
70-752), in these consolidated proceedings, >.concerning, among other;
things, a proposed sale of 450,000 shares' of ($20 par) common stock
of
its
electric
utility subsidiary,
Idaho
Co.,
Power
after
(1)
making
'
contribution
to
Idaho
will
which
consist
in
of
part
60,000
Dividends
presently outstanding 150,000 shares ($100 par.) common stock
of Idaho, all of which 150,000 shares are held by Electric, and after
(2) the remaining 90,000 outstanding shares of such ($100 par) com-
.
stock
mon
to
its
I that
order
our
and
(c)
.such
on
of
Rule
U-50
requested
date
and
in
advance
of
has
exemption
"
possible
and
order in these
otner
any
•
depend upon
that
those
is
in
the
these
i
was
course
drawn
such
necessarily
I
of
senior
to
support
{
the
factors
and
have
We
relevant
Divs.
factors therein
that
in
from
latter
involved
which
evaluated
sale
the
conditions
be
may
the
lack
of
and
t
study
,
prospects
is
that its
thus
of
deemed
the
testified
:
it
:
the
stock has
common
not
of
common
and in
might
well
company
continuing
valuable
hold
to
to
it.
Joe
that
in
his
opinion
regarding
stock
of
Gas
in
the
interest
of
stock,
that
thorough
a
part
to
result
fact
the
in
certain
H.
available
in
a
rights
obtaining
education
1,
are
felt .this could best
we
feasible
be
mated
advantageous price for
given to prospective pur-
given in the
157,
if
additional
Period End. May 31—
Subsidiaries—
■ •.'-—'-■a:
Operating
revenues
Other
$
Net
♦Net
10,762,461
48,249,633
Gross income
}Earnings
excess
7,024,631;
other
5,406,202
23,397,155
22,087,889
7,712,742
151,695
32,868,088
32,668,154
404,607
371,158
'
7,864,437
33,272,695
14,266,161
:
,
'
equity,
Power
in
'
Net
Other
11,117,025
1
&
95,712
2.840,811
2,186,083
10,761,641
2,186,083
______
Fed.
be
10,761,641
taxes
2,840,833
619
10,762,420
2,186,083
than
*
10,270,637
/
is
to
inc.
%
and
amounted
months
is
3,905
to
shares,
8,053
Cr2,973
43,912
at
price
4,920
19,507
19,515
securities
112,037
443,260
389,369
375,585
389,305
1,531,035
1,573,717
1,671,768
8,771,591
17,500
20,000
81,000
2,293,846
1,651,768
8,690,591
'
»,
a
issued
taxes
and
71,888
224,470
receive
of
profits
in
figures
in
taxes
1943
for
Federated
to
$0.39
the
carried
consol.
♦Full
earned
157,
dividend
earned
requirements
unearned.
or
Gross
taxes,
Federal
Other
other
for
taxes
1943
the
and
six
totaled
respective periods
'
1943—12 Mos.—1942
$3,591,489
$3,373,379
the
1,908
5,064
8,053
4,920
19,507
stock
(par
112,037
443,260
389,369
366.347
debentures.
on
interest
379,750
1,493,451
1,535,127
deduct.-
_:
Cr2,973
6
43,912
__
:
.
Amort,
&
-
of
debt
exp.
discount
Prov. for Fed. inc.
income
Net
,> —V.
•
shares
of
158, p.
9,549
37,584
of
20,000
81,000
71,888
$218,011
—_
$242,274
$1,274,978 V
$1,519,660
be
issued
to
&
Straus
common;
of
Lazarus
shares
51,309
of
of
warrants
common.
Federated
executives
of
A.
*Net
profit.
Earns,
per
♦After
V.
:
•
157,
'
charges
2148.
P.
Hudson
Ex-Cell-0
Profit
Prov.
,
t
•
before
r
'
Net
$0.05
after
provision
for
and
1 $0.20
%
•
into
conversion
subsidiaries
of
or
taxes_„____
inc.
excess
profits
*
"
•''» '
taxes
"T
•'
:»
'f-
$8,688,113
♦12,512,036
6,628,585
•
■
$1,055,113
__
provision
war
for
$2,059,528
price adjustments
157, p. 2249.
due
to
Fidelity
of the
Radio
&
order by
an
the
H.
Phonograph Corp.—Stock Will
Be
F.
of
*,
:
Eberstadt
175,000
The
stock
purchased
|
will
I".;
company.
not
shortly
&
being
Co.
from
of
have
entered
common
distributed
with
-
a
group
of
present
The .Emerson
contract
control
shares
SEC.
Co.,
,,
which
for
stockholders.
in any change in the
registration covering the
the
a
the
distribution
since
June,-'1942,
or
is
■
Sale
the
of
management
expected
has
to
engaged
stock
of
be
the
filed
solqly
in
113,374
v
1943—12
Mos.—1942
$1,318,248 $18,192,080 $17,285,160
534,602
6,589,505
6,745,735
119,238
1,975,520
2,044,343
85,170
85,768
929,545
175,000
175,000
2,100,000
$403,640
$6,597,510
968,590
re-
revs._
lease
.
.
$614,862
of
.
________
$5,526,492
-
,,
'
—___
2,000,000
...
1,007
______
ineti
income
etc.,
$614,862
$403,640
$6,597,510
$5,527,499
1,149
700
9,078
36,606
$616,011
—
$404,340
$6,606,588
$5,564,105
deduct——
income
395,513
354,825
4,278,012
4,283,541
$256,498
applic.
_____—
$49,515
period__—;
$2,326,576
$1,280,564
to
1,153,008
1,153,008
stocks for
pfd.
the
——J
158,
86.
p.
$1,175,568
' "v"
:
.
■-1
$127,556
■
f •':
-
;
-
f
■
RR.—Earnings—
1943—Month—1942
1943—6 Mos.—1942
—
$66,787
$57,027
$452,376
expenses
___
42,271
39,209
265,088
233,776
from ry. oper.
$24,515
$17,818
$187,288
$103,722
Net
Ry.
rev.
accruals—___
tax
$337,498
3,138
2,876
17,646
15,845
$21,377
income.
oper.
rents
$14,942
$169,643
$87,877
iDr)___
f
;
:
Net
ry.
Other
629
'V'
7^'
440
6,466
$14,501
—
income
cper.
$163,176
■■ ■
$20,748
income
Total
3,886
'
11
$83,991
Dr832
Dr375
71
$19,917
$14,126
$163,247
$84,749
1,847
2,352
8,473
9,033
$18,070
Isaiah
Fidelity
Southern
Judge
of
Circuit
Julian
Judge
impossible
was
as
J.
D.
;
and
$11,775
$154,774
$75,716
758
/
Press,
advices
in
in
after
Charleston
the
U.
S.
V.
154,
Fidelity
p.
of
Chancery
fixed
Rent
F.
on
155, p.
■
Federal
Court
Seeking
with
of
jurisdiction,
Judge
2366.
Bouchelle
-
to
receive
juris¬
proposal
3,333
69,952
493
2,957
2,057
$5,374
♦$924
$78,552
♦$526
fixed
—_______
158,
190.
p.
Foundation Investment Co., Cincinnati.—Pref. Div.—
5%
known
was
as
directors
have
non-cumulative
record
issue
and
10.
Aug.
Feb.
on
50
on
Fruit of the Loom,
Federal
—V.
157,
of
of
$2.50
payable
$2.31
Aug.
share
per
share
per
16
to
on
the
on
holders
made
was
Feb.
9,
of
this
on
1942,
Inc.—Earnings—
6 Months Ended June 30—
for
dividend
a
stock,
last, which compares with $1.87 paid
Aug. 15, 1941.—V. 157, p. 473. >
8,
cents
declared
preferred
distribution
A
Net profit after all
for
assumed
control
\
;
1943
1942
$329,464
•
$359,740
r
charges but before provision
income
taxes__
2248.
p.
General
Electric
This
Maritime
of
Wheeling,
Produce
W.
Va.,
above.—
will produce more
propulsion equipment
than
company
turbine
steam
Association
Co.—To
Record
Propulsion
Equipment In 1943—
•
•
Commission
this
ships of many
types,
11,000,000
year
for
U.
horsepower
S.
Navy
according to E. O.
of
and
Shreve,
Vice-President.
"This
•
A.,
Inc.,
capital,
company
Securities
and
classes
of
on
Washington,
Aug.
Exchange
4
filed
a
D.
C.—
registration
Commission
covering
stock.
The company, which was organized June 26
by Jackson Martindell,
Clinton Davidson and
Raymond E. Hartz, all of Jersey City, among
other things to exploit Central and
South American markets for North
./
3,328
69,937
493
after
—-y
'.
the
three
550
U,656
u
•••
working
$2,040,000
550
11,653
Receivers
lacked
a
____
roads..
deductions
charges
from
for
deductions
Income
jurisdiction in the
Supreme Court had ruled
originally had approved
Assurance, which formerly
Fiduciary Counsel, S.
Registers With SEC—
statement
charges
leased
for
Other
took
Moore
Assurance
1595.
available
♦Loss.—V.
report
from
Association.
decision
case.—V.
Income
liquidation
Preston, former Chairman of the
Commissioner
Virginia District
Fidelity
deductions
income
Smith on July 17 that
they found reor¬
firm, which for 30 years sold investment
Court
case
Ben
Investment
the
Miscell.
The
West
income
>
Fidelity Investment Association—Successor To Wind-
does
result
A
into
stock, out. of 400,000 shares outstanding.
not represent new
financing, but: is
for
total,
revenues
In
shares
1943—Month—1942
631,117
income
Ry.
Marketed—
j(
investment
reserves
$42,470;
Operating
common
this $25,000,000 Association
Kanawha
reorganization
Circuit
Up Its Affairs—
See
Emerson
assets,
Light Co.—Earnings—
$1,619,523
(net)
Interest
of the affairs of
up
Commission,
reorganization
renego¬
,
other
Federated
$5.16
possible
contracts.—V.
the
_
$2.65
—
-a
of $8,000), $24,839;
$117,075; fixed assets (less
reserve
$1,141,418;
Operating
States.
Kanawha
After
■
taxes.
1043
Fonda Johnstown & Gloversville
390.
p.
ascertain the assets and evaluate liens involving the
total contracts were estimated in
1941
at
a
face
of $600,000,000 and a cash surrender value of
$25,000,000.
Federal
1942
$13,567,149
and
(less
$1,307,121),
Period End. June 30—
are
diction.
1943
profits
81,
in banks, $49,910; cash surrender value
(pledged), $25,543; accounts and notes
inventories, $245,067; advances on raw ma¬
.:
'f
with
and
29
Service
The
that
per common share_____
♦Includes
value
tax.—
'■
'**
.
4
tiations of
income
excess
May
expenses.—
Balance
50,000
issued
of claims,
company,
whose
$245,683
$0.07
Federal
Sheet,
and
contracts
of
oper.
Net
be
•■»
impossible for the
in
long-involved
May 31—
profit
Earnings
.y
.
$0.18
and
proofs
$83,222
Corp.—Earnings—
for Federal
' '
'
Public
,:;p
.
6 Months Ended
'
$53,906
share__
com.
all
p.
$217,904
___________
27
holding
contracts
:>
1943—6 Mos.—1942
$126,872
insurance
$194,999;
from'
Int.,
the
to
are
outstanding
or
of
plan.—V. 158,
Judge Bouchelle named John
1943—3 Mos —1942
life
shares,
Also,
common
The warrants have been
purchase of
certain
winding
July
on
Bouchelle
Corp.—Earnings—
V
hand
on
of
retirement
Gross
at
common,
to 22,742
as
,
formal
ganization
Period End. June 30—
Federal
appropriation
Other
shares
share
one
for .the
to
,
>
Electrolux
for
•
S.
should
be
undertaken, according to Associated
Wheeling, W. Va., which added:
Judge Bouchelle's order followed filing of a
485.
required
Operating income____
Federated
Wind-Up Affairs—
began
38,584
17,500
taxes
be
revenues.—
plant
,
common
Abraham
&
/
The
>,
9,238
202,000
,
v
13,327
taxes
Net
Fidelity Assurance Association Of Wheeling, W. Va.—
'
-
debentures
on
2347.
To
6
•
t33,000
by the Revenue Act of 1941 (including
profits taxes).
tNo provision has been made oris
taxes
Rent
50,000
par),
directors have declared a dividend of $2
per share on the comstock, payable Aug. 9 to holders of record Aug. 5.
This compares
$1 per share paid on Dec. 28, 1942, and $2 on
July 15, 1937.
The usual quarterly dividend of $1.75
per share on the 7% preferred
stock
was
paid on July 19 to holders of record July 15.—V. 157;
p.
19,515
146,930
taxes____
expenses,
serve
1843.
p.
of Bloomingdale common, at a
of- Bloomingdale common, and as to
receive 3,905 shares of Lazarus common
company's warrant
1
taxes
8,714
5,412
Cr2,269
mon
y
Only
$776,589
12,000
21,725
$54,541
(net)
Property
In
The
whether
Income
advances to subsidiaries,
Federal
$940,000
$13,623,055
(J. J.) Felin & Co., Inc.—$2 Commond Dividend—
than
income
taxes
Other
Company
$764,998
Expenses
\ Interest
■•
of
1943—3 Mos.—1942
income
Fed.
•
to
,
Period End. May 31—
•
•
applicable
.
Earnings
to
Operating
Operating
with
-;-vV
10,000
Crl3,974
Period End. June 30—■
shares
exercise
to
8,172,236
subsidiary—
2,854
Florida Power &
and
stock.
.
*
$372,729
20,000
in
payable, $112,775; accounts payable, $99,569; ac¬
$111,570; sinking fund requirements on outstanding
$18,667; long term indebtedness, $125,933; reserve for war and
post-war
contingencies,
$20,000;
capital
stock
(par
$5),
$711,435;
earned
surplus, $668,437; stock in treasury at cost
(9,022 shares),
Dr$27,066; total, $1,841,320.—V. 156, p. 1606.
Nil
income
common
in
30
common
of
of A.
101,309
Federated
to
surp.
27,885
121,453
$108,146
Federal
purchase
and
Net
Balance
v
$522,067
78,255
Liabilities—Notes
1940
Federal
profits
June
123,161
being registered.
now
of
1,810,818
t$127,637
$0.16
for
$1,380,000
ended
shares
is
of
unit
per
upon
under
$2,332,884
expenses_„.____
investment
excess
depreciation
$1,841,320.
and
possible
1941
$77,687
shares of
excess
shares
37,904
1.66%
stock
«
1942
$1,930,263
tax rates prescribed
on
$97,597
terial
excess
$831,400
'
reserve
1942.—V.
16,911
registered
warrants
8,244,124
.
'"
etc.)—
mortgage bonds—
for
receivable
Other
registered
receive
unit
per
146,930
—
of
$0.52
—V.
price
returns,
25,390
general
on
Assets—Cash
$145,982
$0.53
$190,003
and
price per unit of 0.5 shares
a
1,908
taxes—
—_
for Fed.
$147,733:
Department Stores, Inc.—Registration—
proposed
Balance
Prov.
1940
Divs.
5,064
.
Expenses
Inter. & other deduct-
'
tl941
crated
10,270,018
779
Report—
income
♦Based
for common stocks of Wm. Filene's Sons Co.,
Inc., Bloomingdale Bros., Inc., and F. & R. Lazarus
Co., subsidiaries .of Federated.: .As to 62,692 shares to be offered,
Federated is to receive 156,730 shares of Filene's common, at a
price
perj unit of 2.5 shares of Filene's common; as to 33,822 shares, Fed-
;
.
$2,977,638
exchanged
2,311,346
income
Other
■
Corp.—
Abraham & Straus,
10,270,018
$3,369,870
1,718,471
Balance
1942
six
securities
Federated
>
other
Net
Ac
,*
950
and
the
to
are
i
$600,000;
contingencies
on
shares
Of
'.
22
income
taxes,
income
registered
of
1943—7 Mos.—1942
$477,886
profit
for
♦Provision for
tAdJusted.
JOn 491,543
in
amount
1943—Month—1942
$552,762
surplus,
Electric
&
foregoing
$1.07
$9,732,400
the
50
$211,791
for loss
$8,178,371;
......
385,061
,
,
total
;;.
•
':•.<*
Light Corp.—
2,840,811
Total
Fed.
,
earned
par),
7,888,916
355,384
,
„
.
above)__
(as
against
Company
18,543,995
~•
84,493
___.
of subsid.-
Power
equity
2,281,795
Corp,
Light
income
Electric
•
7,889,509
2,925,304
tor Electric
&
no
10,000 bearer scrip certificates with SEC on July 30. Of
registered 123,161 and 51,309 previously registered by the
company in connection with a proposed plan to issue shares for stocks
of subsidiaries and upon exercise of warrants are
deregistered in a
10,655,079 •<",
post-effective amendment filed.
'
,•
19,006,534
1,972,817
'.:
to
minority interests
Net
1943
in
investment
Miscellaneous deductions
Miscellaneous income
.
warrants
4,254,612
1,971,707
Li
applicable
in
'.
discounts,
and
Interest
with
Co.—Earnings—
30
Sales for the
%%• 'Federated
public__
Balance
Portion
-
to
June
shares
and
profit
Operating
crued
interest,
Federal
Inc.—Registers With SEC—
bonds,
tLoss.,
1942.
(2)
-
freight,
Reserve
344.
share—
per
would
Dividends paid
Gas
income
1943
depreciation,
profits taxes.
months- ended
14,495,317
4,897,011
divs,
shares,
investments,
aggregated
made
said,
company
expenses
Provision
for
-
been
p.
the
preferred.
goods sold_;
Selling
33,039,312
3,609,825
Balance'
*Pfd.
:
in
'
in
8,450,484
deductions
has
157,
Fund
payment)
$1,140,000,
July 31—
Administrative
July
deposits
connection
$0.46
31
of
190.
p.
(less
Gross
for
stock,
accrued,
redemption
in
$129,693
$526,546
Notes—(1)
3,553,473
__
♦After
'
:
-
taxes, etc.
44,793,125
Net inter, to public and
,
Sales
♦Net profit after depre.,
6,248,977
15,677,153
173,846
for
(400,000
etc.
Federal
Federal Motor Truck
13,412,617
•
United
preferred
employees'
1942 '
taxes,
March
v
Account, Years Ended May 81
tri'"' v.
v1943
Cost of
dividends
$7,347,000;
$1.03
6 Mos. End. June 30—
18,986,770
8,276,638
•
stock
$286,591
for
par)
no-pa'r
Income
believed
1942.
provision
13,908,594
1,620,371
called
expenses
1943
Federal
of
$23,747,231.
subsidiary—United
ended
renegotiation.—V.
4,829,530
-
5,606,763
-
(net),—
in
No
3,497,885 .C 3,062,333
5,324,033
revenues
income
;
of
Corp.—Earnings—
Provision
months
3
of
special deposit
and
$1,387;
common
stk.
com.
shares
Filer Fiber Co.—Annual
accounts
cumulative
stock
payable,
\
subscriptions,
250
—_
158,
$126,000
depreciation,
the
(2)
134,887,915
144,434,871
,-•••
of
($100
share.
a
1943
interest
total,
!
per sh.
$292,200
.'
$
Industrial
.
income
Notes—(1)
for
existed.
$
33,393,639
___
—_______
1941.
than
(periodic
$079,597
termination.
30,
$6
estimated
$1,382,732";
$1
1,560
749
$9,180; reserve for taxes—including esti¬
taxes, $553,609;
participating stock (175,585
income
liquidation
♦After
1943—12 Mos.—1942
$
1,836,538
taxes
oper.
,
present
less
Sales
—V.
SubSj)
11,457,463
taxes
Other
now
(Inch
35,999,320
—
Prop,; retire, and deplet.
reserve appropriations
I
not
Statement
1943—3 Mos.—1942
'
Operation
Maintenance
Federal
circumstances
Income
includes
Its
June
preferred
at
(M. II.) Fishman Co., Inc.—July Sales Up—
144,270
.
$121,898
hand, $2,033,466;
on
sold
certificates
providing for
systematic investment certificates
(with
insurance) providing for total payments of $60,000; and
(2)
300,000 Fund shares.—V. 157, p. 2041,
subsidiaries,
par),
p.
Earns,
present
or
of
Sheet,
$316;
Federal Mogul
(b) and tc) of Rule U-5t> is not necessary in tho
to protect investors or consumers, to insure the
receipt
consideration or to insure reasonableness of any fees or
commissions to be paid in respect to such
sale, and that an exemption from Rule U-50 may
appropriately be granted.
Our action in
granting the exemption is not to be taken as an indication of what
decision might be necessary if any of the circumstances here
Consolidated
for
3 Mos. End. Mar. 31—,
of Subsections
absent
of
no
*After
V.
adequate
were
1943
$1,009,000; capital, and paid-in surplus,
$17,410,768; less
unrealized
depreciation
total, $23,747,231.
this
require-
ments
for
the date
accounts
purchases,
Federal
shares,
of negotiation,
process
to
banks and
$4,220,609;
bond
liquidation
not
are
in
account
up
No
common.
payment
Period End.
investments; $17,010,952;
1943,
war
an
be
income
Liabilities—Liability
the
which
Gill,
public interest,
•
Financial
total
♦$525,428
::M
Electric Corp.
&
be
14,492
♦$223,565
$2,435,272
$481,592;
of the prospective purchasers and tne representation tuat > the
negotiations will be carried on as far as possible on a freely competitive
we find that compliance with the competitive
bidding
;
148,116
B
for
systematic
income of
♦Balance
any
a--
of
$539,920
$371,682
;
cursory
..misunderstanding
contract
co.
to
Financial Industrial Fund,
103
$295,783
in
stock
common
Company has filed two registration statements with SEC, (1) for 600
cumulative (full-paid) investment certificates
calling for the purchase
2,391
100,919
int.
Assets—Cash in
the market
that
basis,
,
258,050
157
1,748
2,731,056
investments—
redemption of Empire Power Corp.
$4,220,609; accounts receivable, $611;
persuaded that competitive bidding
would not
situation, in view of all the circumstances herein,
including the type of security, the judgment of the seller that a
better price can be obtained by negotiation for the reasons already
given, the lack of evidence of any affiliation between the seller and
He
While,
of
281,535
1,517
income
of
the
Idaho
chasers.
r
79,999
__
Note—Above
in
t
.
97,728
class
♦Prpfit.
insufficient
;
.<
$880,462
201,085
Balance
of
sale
the President of Electric,
combination of these factors makes
the
important,
been
never
"seasoned",
its
be
to
(
*
$752,847
107,421
deductions
stockholders'
sub.
perspective.These problems relate in part to the general
knowledge among investors concerning the Idaho Company,
(
t
$605,860
'
of
we
sale
the
sufficient
testimony
the
of
of
in
be
would
situation
affect
stock,
common
the
those
showing
a
the
therefore
problems which
the fact
1
58,193
141,649
.
B
was
accepted
pfd. stock of sub. in hands
public
Min.
this
;
,
59,075
class
and
and
be
$738,813
52
sales
on
on
of
in
most
affecting
considerably
exemption
an
the
Issues and sales of
cover
the
differ
securities
former.
special
(
1941
■
$694,654
$2,435,272
balance and weight from
important of these factors
which is proposed to be sold.
While Rule U-50
that
security
all of the
differ
of
One
case.
advisedly to
recognize
a
from
evaluation of
an
will
other
any
type of security
<
be
A
income—
A
stipulated that the common stock might
only be purchased
concurrently with purchases of the preferred.
Each share of preferred
purchased entitles the buyer also to
acquire a share each of class
1942
,
manufacturers, registered 20,000 shares of 4#
preferred stock and 20,000 shares each
non-cumulative
It
1943
•
expenses
operating
Losses
American
class
2767.
p.
>
always emphasized," in dealing with problems of exemption
competitive bidding, that our decision in any particular pase
must
and
:
for
and
manufacturer.
(& Subs.)—Earnings—
accrued—,_
div.
equipment
manufactured
other
575
have
from
■
or
contractual
Net
consolidatd
proceedings.
We
Total. int.Oand
Other
requested
the earliest;'
at
119,
have
any
Interest''paid
further
issue
1924.—V.
to
than
Taxes, inc}. .prov. for Fed. inc. taxes
.
respect to such proposed sale from the competitive bidding requirements
(b)
believed
home
:
:
been split five shares for one.
Electric by amendment
declaration and application has applied for an exemption in
Subsections
in
for
electronic
$546,785
received
Operating
have
•
of
sets
other
.Interest, earned
of the
'
and
6 Months Ended June 30—
a
■
capital
radio
founded
was
radio
and lend-lease, is
small
more
radar,
Empire Power Corp.
,
■
of
Array, Navy
Company
1
'
manufacture
of 450,000
Company Act of its sale
of its subsidiary, Idaho
par)
Commission
the
requirements
& FINANCIAL CHRONICLE
is
8Va
times
as
high as the company's production of turbines
"Production in 1944 will be ten times as
high, representing an increase of 900% over 1941.
"These staggering figures assume their true perspective by compari¬
son.
In
the three-year period
from 1942 through 1944, G. E. will
have built for marine service three-quarters of the horsepower equiva¬
1941," Mr. Shreve stated.
lent of
and
have
all the turbines the company
sea
Mr.
in
the
Shreve
been
preceding
said
much
Standardization
that
the
enlarged
of
40
produced for all purposes
on
land
years."
turbine manufacturing facilities
the present production schedule.
company's
to
designs
meet
and
manufacturing
methods
was
cited
v
rS X<r
important factor in
decidedly
a
as
158,
rate.-—V.
attaining the current production
share
Corp.—Listing Acquisition—
The New York Stock Exchange has authorized the listing of 28,023
additional shares of common stock (no par), upon official notice of
issuance in connection with the acquisition of substantially all of the
properties and asset3 together with the business and goodwill of
of
Ray-Maling Co., Inc., an Oregon corporation,
of shares of common stock listed and to be
for
General Foods
making the total number
listed 5,555,774 shares.
directors authorized the issuance of said 28,023
in connection with the acquisition by the
corporation of substantially all of the properties and assets of RayOn
1943,
13,
July
of
shares
stock
common
pursuant
dated
: June
25; 1943.
Agreement provides that "as eandy as may be after
Uhe closing
date" (Aug. 25, 1943) Ray-Maling shall be dissolved, its
affairs settled, and the 28,023 shares of common stock of General
Foods Corp.
to be received in exchange for its assets distributed to
its stockholders as a liquidating dividend on the basis of 5J/2 shares of
stock for each share of capital stock of Ray-Maling Co,, Inc.,
to
its outstanding liabilities and obligations,
between the corporation and Ray-Maling
subject to
agreement
Maling,
:
an
common
stockholder.—V. 158, p. 190.
each such
held by
Corp.—Earnings—
General Finance
.v'l"
Ended May 31—
6 Mos
t % tl943
-
$155,694
$340,351
355,262
profit
•Net
1941
1942
.
share
■
$0.34
$0.32
After depreciation, interest, Federal income taxes,
etc. ton
865,075 shares of common stock.—V. 158. p. 190.
f-, ^
tEarnings
per
*
Shareholdings
General
the
cash and
stock,
in
36,414
37,023
4,483
8,306
13,274
Possible
'V
$365,881
(272,160
$307,712
*272,189
1943
1942
$14,582,395 $16,446,773
850,040
440,132
553,443
48,345
6,301
-
receivable—
Dividends and interest
securities sold
Receivable from
32,932
i~4~783
232,832
of
commerc.
other
loans
for
for
Reserves
etc
payable,
Dividends
stock
♦Preferred
1,602,428
—
Total
10,396,705
——
$15,905,616 $17,777,031
of stated value of $25 per share.
p. 1844.
—
-
—
1,602,424
8,882,707
i—
—
Surplus
♦Represented by no par shares
(Shares of $1 par value.—V. 157,
of
Production
materials
war
by
General
Motors
for
1943 reached a new high of $832,275,349 as
of deliveries, an increase of 8.7% over the
of
quarter
volume
dollar
Net
'
value,
at
a
on
second
an
pointed out.
Mr. Sloan
$3,300,000,000,
the
in
rate
deliveries
were
month of June as measured by dollar
from the month of May, this resulted
price reductions made in June, applicable not
only to that month but also to previous months, and the physical
volume in June exceeded all previous monthly records, he reported.
"During the second quarter voluntary price reductions of approxi¬
mately $80,000,000 were made on individual contracts, applicable to
shipments already made, in line with the corporation's policy of
reducing prices as soon as it becomes possible through the realization
of cost savings," Mr. Sloan continued.
"These are in addition to sub¬
stantial reductions reported for previous periods.
7";""Total deliveries of war materials
and other authorized products
for the second quarter of 1943 amounted to $895,347,441 and for the
first six months of 1943 to $1,708,877,388.
Total deliveries for the
first six months of 1943, compared with those for tne first six months
of
1941—the last year of peacetime operations—showed an increase
for
deliveries
While
volume
showed
a
the
reduction
entirely from voluntary
of
26.7% ;
net
income,
however,'showed
comparison is presented for the purpose
and
hence
dividends,
in
&
are
affected
by
—
36,316,164
24,613,218
69,390,195
2,294,555
2,294,555
4,589,110
4,589,110
no.
period
,
Deliveries
six
for
months
'V? ■•••C;
♦In
—
''yyy*$
War
mater,
''1942
-1943-
1st 6 Mos. i. 1st 6 Mos.
mAyy-"''.
$
- ■
<
$
1,597,801,184 628,439,152
63,072,092
111,076,204 248,888,596
products. 765,525,835 832,275,349
Other author, products
48,004,112
deliveries—— 813,529,947 895,347,441
1,708,877,388 877,327,748
stated, "deliveries
sold.
Everything
the corporation is producing is either directly or indirectly essential
to the support of the war program.
The increase in dollar volume
of other authorized products in the second quarter is largely due to
release by
the Government of certain types of goods for essential
civilian use.
■„
'
;
"Net income available for dividends for the second quarter of 1943
amounted to $36,316,164, as compared with $24,613,218 for the same
quarter a year ago and with $53,579,568 for the corresponding period
of 1941, the last peacetime year,
After paying the regular dividend
of $2,294,555 on the $5 series preferred stock, there remained in the
quarter under review net income of $34,421,609 available for the
common
stock.
This was equivalent to 78 cents per share on the
average number of common shares outstanding during the period.
V "It frequently becomes necessary to make substantial charges against
earnings of a particular "uarter which have no direct relation to the
operations, of that quarter.
Thus, the earnings records of any single
quarter should not be taken as indicative of a trend.
Later adjust¬
ments
may
necessarily result in substantial modifications, in either
direction.
For the second quarter of 1942 net income available for
the common stock
amounted to $22,318,663, equivalent to 51
cents
"During the first six months of 1943," Mr. Sloan
of war materials accounted for 94% of all products
.
per common
common
income
for the second quarter and
dividends for the
$^9.380,195.
comnared with
available
for
stock for the first six
months of 1943 amounted to $64,801,085,
the
on
11.
Oct.
possible
March 12 and June 12,
quarterly
dividend
$5 preferred stock, payable Nov. 1 to
similar distribution was made on Aug.
of
$1.25
holders of
2 of this
.
such renegotiation on
the above
six months of 1943 is based on the
$56,330,000 (after deducting post¬
war
credit of $6,259,000)
for United States excess profits taxes.
In
the first six months of 1942, the provision for taxes was based upon
the Tax Bill as passed by the House of Representatives on July 20,
1942, and included $7,798,000 for United States excess profits taxes.
Note—Net income does not
include such portion of the earnings
of foreign subsidiaries as could not be remitted because of foreign
-
;.-yy>,y.
exchange restrictions.
Summary of
■
Period End. June 30—
■«.
Earned
......
■/
Consolidated Earned Surplus
surplus at be¬
of period— 570,449,397 493,069,043
for period36,316,164
24,613,218
dividends
divs.
Cash
divs.-;
Cash
'
common
on
stock
capital
■
-
I
4,589,110
'• "
~?y "v.if
43,362,778 43,498,218
continues to be the maximum
experience and- resources to the efficient
materials for the armed forces.
As opportunity is
it will be the further duty Of the organization to
ties
in
v.
which
158,
p.
.4
582,802,467 493,638,968 582,802,467
493,638,968
&1943—3 Mos.—1942
surplus
at be,
,
of period™ $11,944,259 $11,787,839
surplus arising
Capital
ginning
Capital
the
from
the
adjust,
of
excess
value
bonus
as
'
v-y, ■
'
.'
•.:
..
of
-
treasury stock distributable
t >
$11,944,259*$11,787,273
■V'-'y'V!;
of
award-.v
cost
over
•
,
1943—6 Mos.—1942
"
;;
•
'-W
'•
;•
'.'.V
;
for
1941
■;
i———.
566
;
Capital surplus at end
of
period
been
series
an
$11,844,259 $11,787,839 $11,944,259
»———
$11,787,839
31,-1941
cost of
no
par
preferred stock held in treasury, as a result of
such stock as a reduction of outstanding stock rather than
"Capital surplus
adjusted
as-et
as
of $11,082,293
by
$704,980
reported
Not-—Earned
surplus
at Dec.
includes
previously reported at Dec.
of stated value over
excess
31.
1941.
$36,243,063
at
June
30.
1943,
and
$35,730,187 at June 30. 1942 fcr net earned surplus of subsidiaries not
also $1.R79.4P7 at June 30. 1943 and 1942 f"r earned
cen^lidated;
surplus
of companies in
-interest" is
held.,
-
which a substantial but not more than 50%
; •;:: . , •
its
plants
General
are
period.
Iti
only to its
y ■ :"y-".'-y/y"':■■■■
■y:::r/y'-V--yyr-
' -•
■
-1'
Castings
Steel
.
First
Consolidated Capital Surplus
'('i-vi''
'■
Period End. June 30—
presented, however,
undertake whatever
to its employees/to the communilocated and to the country as a whole."
86.
,y-":
■<■■■
period
possible application
production of war
;
400,000 stockholders, but
than
more
Earned surplus at end
of
that "the number one job of
the stockholders
reminded
Sloan
corporation
its
planning is possible to cope with problems of the post-war
this area General Motors recognizes its responsibility not
4,589,110
2,294,555
' -yy-; y--
21,668,339; 21,748,738
>
—
probability, they must continue on a reduced basis for the dura¬
are the requirements which must be taken into account by
Mr.
the
of
;■/
\ 2,294,555
series)
($5
of necessity hove been reduced
activities to war production.
the corporation's
of
stockholders."
561,364,160 493,883,087
69,390,195 47,843,209
pfd. cap-
on
stock
factors dividends
Such
tion.
\.-y
;"my;>:V.yy^.'y'
517,682,261 630,754,355 541,726,296
:
606,765,561
———
these
conversion
the
all
In
1943—6 Mos.—1942
$
:■(
$
income
Earned surplus before
^
of
"Because
since
ginning
*
P.
Alfred
.
1943—3 Mos.—1942
$ '•
$
on the proxy voting:-the annual meeting in
Sloan, Jr., Chairman of the corporation, on Aug.n5,
declared that the support of stockholders through the trying period of\
complete conversion to
war production,
which brought many new r
management responsibilities, has been extremely gratifying. '
r
Recalling
that a number of stockholders,
aside from comments.";
on
matters directly before the annual meeting, also referred to
the
matter of
dividends, Mr. Sloan again reviewed the various factors
affecting dividend payments during the war:
"First:
Current profits before taxes are largely a matter of pub\
lie war policy which is reflected both in the corporation's own profit
limitation policy and in that embodied in legislation which requires
the renegotiation of war production contracts;
,
' '
- "
''
"Second:
Income taxes and surtaxes are absorbing a constantly
increasing proportion of profits.
v.-;";';'-'y .y.
"Third:
Excess profits taxes and profit limitations on
war con-^tracts have the effect of establishing what is practically a ceiling on
net income available for dividends during the war pe'riod, thus off¬
setting the normal effect of expanded sales, yr'• ■
"Fourth:
War conditions require, from time to time, the establish¬
ment of reserves in addition to those normally required in peacetime
and in amounts which may importantly influence earrings of any par¬
ticular period.
'
' "
as
to determine the effect of
of consolidated income.
Reduced Basis—
reporting to General Motors stockholders
management proposals presented to them at
May,
§The provision for taxes in first
Revenue Act of 1942 and includes
as
usual
the
Dividends To Continue On
on
corporation's
summary
$5
A
declared
In
the six months
profit for 1943 on war material contracts Is
and possible adlustment through renegotiation by
provided by Section 403 of the Public Act 528
(77th Congress) as amended by the Revenue Act of 1942.
While
provision of $42,704,000 has been made in the first six months of
1943 for retroactive price and other adjustments which may arise in
connection with the renegotiation of war material contracts, it is not
tThe
has
also
y
year.
1942).
30,
June
reflecting
share.
first six months of
1943
amounted
to
$47,843,209 for the
first six months of 1942 and with $118,177,905 for the corremonding
period of the peacetime year of 1941.
After paying regular dividends
of
$4,580 110
r>n
nr^ferred stock,
n°t income available frr the
"Net
share
record
$0.99
$1.49
$0.51
$0.78
subject to review
the Government,
.
^
1942.
quarter during
each
in
directors
The
(Including dividends received of $1,528,942 and $3,120,515 for the
quarter and the six months ended June 30, 1943, and $1,169,924
and
$2,543,386 for the
second quarter and the six months ended
June
30, 1942, less sundry income deductions.
v
at June 30, 1943
declared a dividend of 50 cents per share
stock, par $10, payable Sept. 13 to holders
A like amount v/as paid on
12.
Aug.
and
last,
43,499,312
2
Aug.
on
the outstanding common
per
...
ital
Total
43,379,336
second
Net
1942.
earnings
ended
"
held by the corporation
held
(Less
facil¬
Dividend—
Common
directors
The
per
1st Quarter 2nd Quarter
Deliveries—
43,254,099
•
43,498,983
43,338,086
entirely different from those
first
64,801,085
capital
share of com.
inventories
sheet.
of record
—
earned
Amount
,
on
during
outstanding
the
22,318,663
34,021,609
stock
capital
of $18,798,673
50-Cent
on
capital stock
of shares of
com.
com.
the
earned
(Excludes
others
Liabilities—Claims
in respect of back taxes, patent
infringements and other matters incident to the ordinary course of
business, together with other contingencies, involve amounts totaling
approximately $9,500,000.
There is no way of determining the amount
for which these claims may eventually be settled but,
in the opinion
of management and counsel, amounts included in other liabilities and
reserves
on
the books of the corporation and its consolidated sub¬
sidiaries are adequate to cover all settlements that may be made. '
47,843,209
pfd. capital
($5 series)—
Amount
influences
operating in a peace economy."
the first and second quarter of 1943 and for
the
of 1943 and 1942 are shown in the following table:
——1,939,235,233 1,979,771,117
receivables.
doubtful
for
of
Contingent
60,720,000
for
11,944,259 -I
582,802,467 561,364,160
employees' war savings bond purchases and Victory tax deductions
the contra liabilities are not included in the above consolidated
balance
107,686,000
a decrease of 41.3%.
This
of pointing out that earnings,
war ■ economy
3,075,000
1,806,000
$3,616^004 and $4,806,986
second
' "
*
quarter, as measured in
annual basis of approximately
f
?
.
material
War
dollar
and
29,066,000
period
stock
...
—
Note—Cash
for
prof,
exc.
income
11,944,259
——
under cost-plus-a-fixed-fee contracts.
reserve
for depreciation (including amortization of special war
ities) of $528,430,958 at June 30, 1943 and $501,441,553 at Dec. 31,
^Outstanding 1,835,644 shares of no par value.
14,448,000
57,074,000
on
par).
———_——...
reserve
account
for
Crll,500,000
<
taxes
Aver.
42,704,000
14,448,000
14,300,000
measured in
year,
holders.-
Capital surplus
Earned surplus
*Less
carrying
cars, sub¬
rationing
Employees bonus
§U. S. and foreign in¬
Divs,
1,888,613
1,888,613
183,564,400 183,564,400
435,000,000 435,000,000
sidiary company
on
and
sub¬
stock of
preference
§Preferred stock
stock
($10
Total
first quarter
the
in
interest
Common
(net) of subsidiary companies not consolidated (divi¬
dends and interest received amounted to $1,361,588 and $2,131,778 for
the
second Quarter and
the six months ended June 30, 1943, and
bufci this represents an even greater increase in the
physical volume 'when account is taken of voluntary price reductions
made in the period, ^Alfred P. Sloan, Jr., Chairman of the corporation,
announced August 2 in his quarterly report to General Motors stock¬
this
of
12,909,530
16,657,111
war
to
ject
stock
Second Quarter—
Motors Corp.—Report for
General
13,185,852
19,051,792
reserve............
General
Minority
for
prov.
chrgs.
2,268,750
2,268,750
—
stock
(Common
12,068
12,622
—
taxes, etc.-—.
expenses,
58,932
41,100
10,783
48,336
against cash—__—_
loaned
securities
6,339,015
40,584,959
includ.
1942,
in
sold
$3,350,000
$3,000,000
127,041
—
securities purchased
for
Due
7,837,330
56,562,971
produced &
cars
on
Liabilities—
Due
—
contingencies & rehabilitation reserve
profits
of
1,639,189
39,969,076
6,386,933
income
Contingencies and miscellaneous reserves—
Allocable to foreign subsidiaries
con¬
contracts
material
Deferment
427,465
39,906,183
6,416,658
warranties, and miscellaneous—
for employee benefit plans
nection with the re¬
of
2,294,555
of treasury
which
in
arise
may
5,990,680
2,737,057
2,294,555
*
upon cost
bonus).,
Deferred
10,000,000
10,000,000
oper.
48,661,545
Post-war
8,792,208
15,978,012
4,910,927
8,322,753
adjust,
come
Bank
Taxes,
Reserve
losses
addit.
42,704,000
preferred capital stock
Employees bonus (based
stock distributable as
29,005,195
29,786,104
bonus
Dividends payable on
1,423,865,811 689,450,621
26,544,159
34,747,620
14,520,545
14,873,742
56,696,623 104,152,103
—
contracts—
—_
18,919,411 27,839,153
profits taxes 189,662,060 136,049,869
Government
on
Employees
11,583,742
6,095,363
and
est., plants,
/'j
and foreign income & excess
U, S.
(Retroactive price and
$15,905,616 $17,777,031
—
—
..
-
16,941,949
14,559,031
rehabilitation
432,503
42,168
:
of Federal
Special deposits for dividends, etc
Receivable with respect to refund
income tax
and interest thereon
Total
753,293,707 344,501,321
__
equipment
conting. and
negotiation
Government securities
U. S.
rl.
June 30
Sheet,
—
_
Cash
Deposits
incident to cessation
Assets—
in
for deprec.)
prov.
Sell., gen. & adm. exp.
Deprec. and amort, of
agencies
price and other adjustments which
in connection with the renegotia¬
tion of war material contracts
900,545,397 447,501,960 1,719,029,281 895,006,853
—
87,499,022
Govern¬
of U. S.
accrued price reductions.
for
100.000.000
2,423,005
'
131,448,259
arise
may
(exclud.
sales
of
——
„-
ment
1,366,900
-
and sundry accrued r
Retroactive
$
6,194,942
3,956,951
5,410,103
4,100,689
3,112,214
2,085,742
banks
contracting
to
Due
Motors Corp.
Total
Cost
Regulation V
to
foreign
134,818,378 146,613,940
—
under Federal Reserve
to banks,
Taxes, payrolls, warranties,
1943—6 Mos.—1942
income
payable
payable
Due
1,708,877,388 877,327,748
equity
tOther
Notes
-
$
"General
50,236,551
50,236,551
.....I—_
Liabilities—
Accounts
items
1943—3 Mos.—1942
_
345,539,577 371,483,082
28,261,330
13,886,259
—
charges
—-———_™_——.1,939,235,233 1,979,771,117
Total
accrued
895,347,441 437,991,168
June 30—
Net sales
42,005
Balance
Investment
Income Account
1,678,625
(held for bonus) r-[. 493,829
and equipment
Goodwill, patents, etc...
*
-
and excess
income
-..Comparative Consolidated
.
Period End
$271,165
1271,703
$1.85 in common stock.
($272,157 in cash
t$271,686 in cash and $17 in common stock.
in common
a
Post-war
$259,387
*272,189
—_
Investments
■,
52,696
38,185
6,506
*$272,187
the
on
$375,320
37,678
dividends
1943
profit* taxes have been
basis of the Revenue Act of 1942.
"
•"
$453,215
30,000
income
of
second quarter
the
*
$386,856
38,247
Interest
and $3
periods.
1940
$19,044
356,276
Taxes
Net
in
for post-war contingencies and rehabilitation.
$15,978,012 for the first six months
of
1943, which together with amounts provided prior to this year
makes a total of $56,562,971 available for this purpose at June 30, 1943.
Second—There have been deducted provisions of $14,300,000 in the
second quarter and $42,704,000 in the first six months for retroactive
price and other adjustments which may arise in connection with the
renegotiation of war material contracts applicable to sales for the
brought the total provision to
This
assets
capital stock in treas.
of $8,322,753
provision
,
Prepaid expenses and deferred
deducted
been
has
First—There
the first six months of 1943
not consolidated 158,896.694 157,013,695
46,260,452
"46,194,359
t
10,987,371
15,950,059
•_!_
cos.
1
estate, plants,
tReal
'
T
subsidiary
in
Miscellaneous
the following:
to
recognition
1941
$19,751
433,464
expenses
Preferred
Net
gives
$333,572
income
__
Common
in the second quarter last year.
income for the second quarter and
25,000,000
...—
securities,
investments
Other
Average
$53.80
cost:
at
———.
.
marketable
Investments
period a year ago.
earnings per week of hourly-rate employees in the United
for the second quarter of
1943 were $56.20, compared with
corresponding
1942
$34,118
352,738
—
Dividends
General
the second quarter of 1942.
quarter of this year totaled $308,459,110,
$285,308,239 for the first quarter, and with $192,047,280
the second quarter of 1942.
For the first six months of 1943 total
rolls amounted to $593,767,349, compared with $350,804,139 for the
of 281,464 during
rolls in the second
States
securities
340,319,456 287,282,345
—
-
-
—_—
—
•
30, *43 Dec. 31, '42
1,700,680
57,463,920
_
1,216,216
at cost...
328,691,676 391,344,591
Accounts receivable (U. S. Government)—
"Other accounts receivable, notes receiv., trade
114,507,775 111,493,570
acceptances, etc. —_—_
496,602,092 466,265,585
•(Inventories
•_
notes
Tax
compared with
pay
—
Government
States
Other
average
Pay
•
__
Short term
corporation's pay rolls, exceeding the previous record
employed during the first quarter.
This compares with an
405,834
1943
$39,765
293,808
Income—
Total
Cash
United
employees on the
Corp.—Quarterly Report-
indicated by the summary of assets and
liabilities, bank loans were covered on June 30, 1943, 4.8 times.
The
asset coverage of the preferred stock was $126.33 per share, and the
asset value of the common stock was 81 cents per share, after allowing
for the liquidating value of $105 per share of preferred stock and for
dividends in arrears and accrued on that stock.
Income Account for
6 Months Ended June 30
Interest
the
for
Third—Federal
basis of valuations
the
on
For
June
Assets—
outstanding during
$43,254,099
Sheet ;r
Comparative Consolidated Balance
per share on the average number of common
the six-month period.
This compares with
first six months of iy42, equivalent to $0.99 per
of common stock."
v . - ,- ' - : y,.w.y...
the second quarter
of 1943 there was an average of 426,554
$1.49
tb
equivalent
shares
485.
p.
Monday, August 9, 1943
& FINANCIAL CHRONICLE.
THE COMMERCIAL
576
Mortgage Bond
:
'
y-
Corp.—To Retire Portion of
Issue—Invites Tenders—
'
\
'
tenders of its first mortgage bonds,"
from present holders, on Aug. 3
retire, in addition to certain of
these bonds now in the company's treasury, approximately $1,500,000
principal amount of the bonds "to be acquired by purchase through
{
tender and/or in the open market,, and/or by call for redemption on
Jan.
1,
1944."
The. announcement further states' that tenders of
bonds for sale to the corporation for the purpose of retirement are «
to be made to Drexel & Co., Philadelphia, Pa., agent in this connection
for the corporation, on or before 3 p. m. (E.W.T.), Aug. 30, 1943.
,
Tenders shall be irrevocable, it is stated, and the right is reserved
to reject any or all tenders received.—V.
158, p. 486.
The
corporation,
in
inviting
5V2% series A, due July 1, 1949,
announced that it is planning to
Electric Co.—Paying Off Bank
"
The company, it is stated, has been making rapid progress in repaying its 2V2 % and 3 % % serial bank loans.
These were incurred in the
General Water Gas &
Loans—
July, 1942. and funds thus obtained, com¬
bined with proceeds from sale of property, were employed in paying
off $2,832,000 first lien and collateral trust 5s of 1943.
Thus far the
amount
$2,100,r00
f
in
has repaid $871,0^0-of the debt, whereas the
for repaying only $20C,000 annually with the
company
called
of
loan agreement
balance due at
*"
THE COMMERCIAL & FINANCIAL
maturity of the loan in 1947.
Of the
amount repaid
to date $400,000
"In
obtained recently from
was
redeemed
and
the Rockland Gas Co., a subsidiary, which
new first mortgage bonds the income bonds
by General Water, Gas & Electric Co.—V. 158, p. 190.
held
Georgia & Florida RR.—Earnings—
Period End. June 30—
operating revenueMaint. of way & struct.
of
$133,397
$980,649
236,971
21,386
18,224
131,211
10,048
58,340
309,245
.
(. 6,665
37,679
38,694
6,780
.
fRy.
tax
accruals
,
-
„
our
,
$36,207
$19,944
$207,202
$147,590
4,722
4,804
28,223
28,824
2,472
i
(Ry. tax accruals—1—
>2,103
2,282
14,244
13,148
■
to
"Less
interest
^Federal
.
ployment
$21,087
Operating
$20,724
ceilings
after
Pearl
the
spirit of OPA orders
and
week before relief
low
Act of
Taxing
Acts
of
1937.
tFederal
Unem¬
—Jan. 1 to July 21—
1942
$32,250
1943
'
•
1942
$1,076,899
$33,850
.
of
$950,983
the
made
was
price
forced
ceilings
scrupulously by
the
Aug. 2
dollar
46.8
another item
-
in
is
for
said,
produce
of
average
1937
well
and
above
in
56.3
3%
the
our
cents,
an
than
more
the
than
20,000
company employees
turnover plus the
resultant
food
are
now
impact
shortages has placed
great
a
and
of
Gross profit and commissions
;
Store
and
Hartford
9.26%
average
revealed
of
sales.
and
wages
that
"Our
the
and
wages
in
17,368,770
plan
Fed.
on
general
$1,625,342
Interest paid
Loss
—
sale
on
Other
of
fixed
deductions
Income
Excess
assets
hours
—V.
—
Cr26,404
taxes
465,000
'37,000
Net
profit- for the year
Earnings per share—
♦Less
r
Cost
of
__
Assets—Cash,
cost,
$50,000;
$0.58
—,—
Balance
$807,183;
U.
S.
and
series
and
G,
at
Net
officers'
other
assets,
depreciation),
$874,484;
$8,794,256;
fixed
assets
(at
$1;
total,
goodwill,
cost,
less
and
etc.,
$515,000;
accrued
real
accrued
salaries
estate,
and
taxes,
other
taxes,
$6,060,770;
(ST A.)
The
This amount
cumulative
covers
dividends in arrears
thyough
^K May 30, 1943, and 'cleans up all dividends in arrears.
An
initial
Stock
dividend
May. 28,
on
of
80
cents
1943.—V.
per
157,
—
profits
taxes
in
1,050,000
after
U.
p.
share was paid on the preferred
2250.
"
Granby Consolidated Mining, Smelting & Power Co.,
Ltd.—Earnings—
-
•
after
deprec.
<v
/
Feb. 28, 1043
$0.08
bringing
to
shipments
the
serious
a
and
Mountain
only about 50%
on
-
of
in
income
ably less than for first quarter.
Copper
1941
line
for
of normal.—V.
1940
$176,786
$0.28
$0.39
•,
with
second
p.
*
and
current
quarter
The underground
157,
and
Net
Net
necessity
of
development
*
2250.
ry.
157,
p.
1,
renegotiation
is
-
large-scale
at
on
lower gross profit rate
retailing,
$428,058
sues
series
B
bonds
C
John
July 26.
158,
A.
than
before
ever
Hartford,
in
the
President,
Federal
$1,471,177,992
income
tax
from
declined
1941
$163,059
44,614
Profit
of
settlement
able
were
history
that
our
impact of rising costs for labor,
to
cost
effect
of
of the retail
more
expenses
of
our
further
doing
food
was.
undoubtedly
the
food
before.
dollar
.
.
went
for
food
to
lowest
point
in
"This
and
$252,424
$46,725
685,749
685,749
157,
685,749
in
Canada
$0.82
...'
$1,047,426,
1743.
p.
Inc.—Earnings—
and
\
England)
1542
1941
$56,568,982 $34,850,700
14,502,754
7,520,778
106,367
16,407
46,447
$13,527,546 $14,519,161
185,313
156,250
9,814,056
9,411,586
$7,567,225
2,340,000
;
850,000
73,150
3,792,593
811,388
416,195
20,293
$2,716,789
262,464
$2,195,130
$2,831,189
262,464
262,464
1,316,710
1,448,381
1,580,052
$1,137,615
$484,285
$988,673
$1.86
______
stock
$1.47
$1.95
stock—______
common -
stock
1,316,710 shares
less
-
.
under
the
819,679
178,310
154,483
that
bonds
at
of
C,
the
outstanding
have been
Bank & Trust
will
105
an
been
Act
be
and
first
97,637
mortgage
at
107
The
and
holders
interest
of
these
at
the
office
of
the
trust
company
151,
at
any
time
two
is¬
prior
to
profits
contingencies
is
post-war
$2,423,029
$1,562,326
195,877
193,579
100,000
______
adjustments-—
Interest
on
long-term debt (net)
Adjustment of provision for prior years' taxes_
Normal income tax, surtax and declared value
excess profits tax
i
•Excess
profits
tax
1942
60,685
.
360,500
62,773
Crl,473
358.500
Net
1,003,500
94,500
$702,467
$854,446
136,183
138,040
224,480
—
profit
Preferred
♦After
credit
of
dividends
/•
4_—
—!
dividends
224,480
—
:
deducting credit for debt retirement of $13,600 and post-war
$97,900.
Consolidated
Sheet,
Jan.
31,
.1943
of
of
net
reduced
by
viz., the,
$3,000,000, the pro¬
by $2,700,000, the pro¬
$570,000, and the post-war
by
by
$270,000.
on
deposit
'
securities
tax
1942
$6,156,291
$4,508,619
j 29,480,718\1
notes
(
in
process
(
6,534,467
_____
deposits—unexpend.
(contra)
126,269
18,711,960
10,164,965
5,510,379
6,486.745
9,340,587
13,037,573
2,827,762
in
20,430,806
5,000,000
466,926
503,033
companies
147,327
—_
;
I
——
83,628
17,709,502
5,000,000
associated
$95,728,102 $88,397,451
Liabilities—
Accounts payable
$4,480,019
accounts
Contract
__1
-;
dividend
I
payable
taxes
contract
_______
(estimated)
Govt,
S.
Common
13,037,573
(1,355,668
surplus
no
par
shares)—
—
Earned
surplus
tTreasury stock
——
5,689,528
9,619,400
16,945,850
4,112,456
._
43,536
7,796,895
9,619,4.00
;
preferred stock ($100 par)
stock
19,184,894
9,340,587
16,945,850
17,648,172
Reserves
Capital
2,818,155
131,232
21,309,444
•
Deferred credits
cumul.
1,258,779
2,519,318
131,232
advances—unexpended
(contra)
6%
$2,313,408
3,358,668
advances
14,799,115
64,536
4,112,456
Drl,577,475 Drl,577,475
Total
$95,728,102 $88,397,451
♦After depreciation of $29,418,822 in 1943 and
$25,983,582 in 1942.
(Represented by 8,706 preferred shares and 38,958 common shares.-
Obituary—
Grant
Rheuby,
and member of the
Assets—Cash, $1,724,783; U. S. Treasury notes, $150,211; customers'
accounts
receivable
and
othert current accounts (less reserves of
V;
is
reduced
tax
and property—.—
Accrued
Gould
Balance
A
amount
amount
1942, but does change certain
assets
Total
1942'.
financial statements;
Goodwill
■■
the
any
renegotiation
28,
the
1943
and
product
cash
'Plants
in
Consolidated Balance Sheet, June 30
„
Investments
consideration
with
April
reduced
excess
U.
Subs.)—Earnings1943
year
is
S.
credit
Preferred
/
affect
the
p., 1897.
(&
not
reduced
Govt,
Other
1942
year
are
U., S. Treasury
gold
and
the
approved
1942
Deferred charges
redeemed
interest.
Congress
for
into
connection
revenues
Government
S.
in
occur
reported
hand
on
S.
U.
called for redemption on Oct.
Co., 165 Broadway, New York,
of
effected
Materials, supplies and work
all
series
contingencies takes
operating
U.
for
tax
Cash
U.
313,588
for
previously
and
^
208,265
depreciation, amortization, etc—
depreciation and amortization
the
for
provision
has
for
S.
308,946
for
means
.
.
U.
967,576
for
services,
the
in
sales
vision
$129,563
being notified that immediate payment of the full
price may also be received, together with interest to the
date, upon surrender of the bonds with all unmatured
before
Common
supplies and
distribution
in
industry," Mr. Hartford said.
.customers'
than ever
economies
business
$191,985
685,749
$3,000,000.
This
settlement
does
earnings previously reported for the
352,278
Provision
.
"Despite the
514,312
$0.91
share
per
contracts
*3,498
Provision
$1,378,147,240 in 1941, net earnings
to $11,526,678 from $16,744,222.
comparable decline in the company's gross profit and expense rate
reported.
where
253,844
514,312
$814,881
.
16,226
14,507
,,
we
253,844
514,312
outst.
Federal
the fourth straight year we were able to lower our net
earning
rate, in line with the company's traditional policy-of passing along to
customers, suppliers and employees the savings resulting from in¬
creased efficiency of operations," Mr. Hartford said.
"During 1942
our net earning rate declined to .79%
as compared with 1.21%
in 1941,
1.64% in 1940 and 1.88% in 1939."
I1
;
253,844
514,312
on common
Note—The
1,102,929
Halle Brothers Co.
our
was
253,844
expected adjustment which may
vision
56,546
Years Ended Jan. 31—>
•"For
A
—
$1,020,580
$2,141,182 in 1943, $2,374,396
1942, and $2,412,989 in 1941.
flncludes excess profits taxes of
$8,682,572 (after post-war credit of
$964,730) in 1943, and $7,092,668 in
1942, and $1,891,630 in 1941.
1940
history
reported
Reporting to stockholders on the company's first full year of war¬
time operation, Mr. Hartford revealed that while sales rose to the allhigh-of
I
250,000}
($960,141
divs.
•After depreciation and
amortization of
191
p.
redemption date.—V.
the company distributed
:a*■
after
569,318
__
also
are
coupons
1
time
165,783
(300,223
874,746
share
average
495,035
the Chemical
redemption
food
stk.
per
Surplus
Earnings
1,323,281
series B and
The
———
During the fiscal year ended Feb. 28, 1943,
of
249,308
875,5701
_—_______
Assets—
announced
1943
series
i
2250.
a
225,337
675,221
stock.—V.
net
26,629
N. Y.
.
pro-
Great Atlantic & Pacific Tea Co—Report—
at
86,115
$1,280,888
$172,932
Dividends
$188,336
'
food
148,280
$2,090,999
195,673
VFederal income taxes
■
70,778
income—
oper.
redemption
more
(est.)
Net earnings
Dividends on preferred
40,664
railway
railway
Deficit.—'V.
it
Earnings for Quarter Ended June 30, 1943
(The)
202,095
$2,335,019
for
Gulf Mobile & Northern RR.—To Redeem
Bonds-
represent
'
t
1,360,260
$1,194,773
($1.03
$1.12
*As reported in 1942.
tThe revised net profit amounted
to
$1.06 per share on common
Finished
working
now
development
Operating profit after charges, but before taxes and
for
1,591,208
$1,942,719
$941,083
com.
par)
items
1942
$216,576
i
from
from
bonds,
vision
1940
$2,555,034
1,407,862
Provision for higher
rates_
Other deductions
consider¬
were
crews
Gross
Gray Manufacturing Co.—Earnings—
—V.
1943
from
railway
Net from railway—
Net ry. oper. income
$126,045
-SO.17
manpower,
production
ore
taxes
S.
From Jan. 1—
$78,608
.
lack
nearly
more
production
1941
$3,533,927
$2,132,924
_——
v.-
June—
1
$36,325
Note—Owing
at
1942
•
share—
per
funds.—
S.
Gross
v:
- >
1943
depletion,
and inc. taxes
Earnings
work,
•
-
3 Mos. End. June 30—
Net inc.
working
amount
1,269,742
Total income ____—1—
Capital stock taxes.
*
Balance Sheet,
1942 '
$3,540,785
„1943
goods and services—.
$61,137,960
•Profit from operations—
13,421,179
Other income
Green Bay & Western
RR.—Earnings—
f
of
*
.
(Including Subsidiaries
deduct¬
provision
1942.
$6,847,696;
'
principal
general
6 Mos. Ended June 30—
Net sales of
3,600,000
taxes
$2,400,000
for
400,000
3,600,000
__
notes,
interest
bearing
%
$5,285,424
1,050,000
.
and
in
preferred stock,
July 28.
dividends
20
$2,169,164
241,801
-
Hercules Powder Co.,
Liabilities—Accounts payable, $728,197; taxes
payable and accrued,
$8,311,596; dividends payable April 2, 1943, $1,162,500;
contingent
beet payment
reserve, $989,200; reserves for depreciation, $26,385,542;
employees' retirement allowances reserves,
$470,000; reserves for con¬
tingencies, $850,000; 7% cumulative preferred stock (par
$100), $15,000,000; common stock (1,800,000 shares, no par), $15,000,000; earned
surplus,
$2,918,674;
capital
surplus,
$178,719;
total,
$89,994,427.—
V. 157, p. 2250.
July 24 declared a dividend of 45 cents per share
par $10, payable July 30 to holders of record
on
or
2,711,027
450,000%%;
dividends
994,427.
Gerrard Co., Cincinnati, Ohio—Div. No. 2—
directors
the
*
4,123,218
$4,544,151
1943
$3,438,906
income
Earnings
$8,396,451
taxes
1953,
gen.
Surplus
Shs.
Treasury 91-day bills, $4,499,0^;
Treasury tax notes, series C, $3,070,000; accounts
receivable,
$1,757,751; inventories, $27,804,934; investments and
sundry
assets,
$212,057;
plants, railroad,
real
estate
and
equipment, $45,422,753;
prepaid expenses
and
other
suspense
items,
$379,916; total, $89,-
502.
p.
income
used
dividends
58,611
_.
Assets—Cash.
U.
$495,914; accrued rents, etc.,
$2,401,028; $2.50 cumulative convertible
155,
Net
$8,337,758
'
58,693
contingencies
Consolidated
$775,253;
$1,013,467;
wages,
$22,700.432.—V.
State
$1.50
Oct.
$2,410,964
Common
1942
$1,500
excess
(43,123
total,
on
income
and
property
for
&
retire
to
30—
and
preferred
$9,058,758
$1,290,800 provision for excess profits
post-war refund of $143,000 in 1943 and
ing
$22,706,432.
$131,432;
preferred
shares, no par), $2,156,150; common stock (par $8),
paid-in surplus, $1,410,137; earned surplus,
$14,199,272;
long-term liabilities,
stock
Federal
accrued
personal
Fed.
to
income
profits
Suds.)—Earnings—
_____rc_,
to
be
discount, etc. —
Federal & State taxes
Prov. for Federal excess
$41,426,558 $35,366,718
32,367,801
27.028,960
,
1949
and
Gross income ;
$7.92
■'■Includes
$2,844,441; unredeemed trading stamps
$330,626;
current
maturities
of
long-term
estimated,
coupons,
liabilities,
_
from
applied
sales—
on
sell,
Convert,
$7.16
income
Common
Liabilities—Accounts payable,
i
for
Preferred
for
reserves
profit
14,600,684
$9,117,369
_J
(net)
1
392.
Cr41,552
._
charge accounts, $58,844; due from vendors, etc., $116,338;
reserves,
$330,608; inventories, $10,296,527; prepaid rents, insurance, etc., $203,101;
income
Frovision
Sheet, Jan. 31, 1943
bonds, defense
receivable. $1,836,307;
employees'
accounts
13,557,778
——
be
banks
Cash
1,815,509
expenses
of
payable
Co.—Registers $3,000,000 Notes—
administrative expenses
$18,336,618
1,815,512
$4.65
—
will
Mps, End. June
h
1941
1943
other
dividend
Chicago, will head the underwriters with
$1,500,underwriters will include First Boston
Corp.,
and Goldman, Sachs &
Co., New York,
Operating profit
$1,961,977
(&
regular quarterly
stock, par $100,
157, p. 2250.
6.—V.
Other
from
p.
Shipping,
Other
1844.
sales
•Provision
Savings
158,
3
food
$1.14
■
,
retail
$16,744,222
Total income
V.
.
Other
$979,046
..
proceeds
Gross
best
'
Years Ended Feb. 28—
Net sugar sales—
cents
Hershey Chocolate Corp. (& Subs.)-Earnings-
_—__
$552,005
—
post-war .refund.
Consolidated
:
•
:
,
the
the
$1,370,932
Great Western Sugar Co.
698,022
profits taxes——*—*—
V.
greatest
Crll2,939
share.
25
486.
p.
taking $1,000,000,
loans
(no
Cr42,823
—
common
p.
the
preferred
Oct.
Heller
the notes.
Net
ceilings
$959,410
per
157
declared
6%
record
due
York,
term
7,100,000
1,815,506
also
the
on
of
$500,000.
3,289,909
8,864,701
directors
share
000 of
$136,291,254
1942
$11,526,678
12,
158,
personnel.
the
3,555,434
Surplus
369,530
—
of
11,900,000
_____
June
Similar distributions were
made
on
March 1
and
Payments in 1942 were as follows: March
2, 37 Va cents;
Sept. 1 and Dec. 1, 25 cents each, v
3,
holders
New
28,726,527
dividends
/>—-
—
__
profit
and
Aug. 2 declared a dividend of 25 cents
per share
stock, no par value, payable Sept 1 to
holders of
serially Aug.
from 2Va
to 3%.
Harris, Hall & Co.,
that
32,199,656
Surplus adjustments
228,899
,
price
store
have
in
12
12, 65 cents.—V.
on
13.
1, last.
June
$600,000
services.
3,931,859
11,825,000
Net, sales.
%
I
Net
$1,863,145
228,211
-
—
to
March
Dec.
v
revealed
totaled
continue
and
rates
1941.
armed
face
follows:
as
cents,
(Walter E.)
fresh
27,283,537
___
Preferred dividends
200,000
■
our
the
share
per
Company on July 22 filed a registration statement
(2-5184) with the
SEC
covering the proposed issuance of
$3,000,000 of serial
said.
income taxes
Common
16,814,493
300,000
;
in
from
35
common
Aug.
The
to
$1,471,177,992 $1,378,147,240 $1,115,774,058
earnings
Depreciation
Earn,
—
operating profit
'
Comparative Consolidated Income Account for
Years Ended Feb. 28
189,427
...
.Net
the
salaries
employees
shortest
industry," Mr. Hartford
$19,294,112 $18,877,639
—
,
operating expenses
June
-
Mr.
Payment to savings and profit sharing pension
'
cents
returns
rationing,
strain
capably in
difficulties."
or
1942
.173,78lKV.v,
...
54.6
average
12,
directors
the
and
he said.
"In 1942
increase of 20%
above
vegetables sold through all channels."
reporting on the company personnel, Mr. Hartford
"The
and
$19,120,331 $18,688,212
—
concessions
The
on
stores,"
national
Sept.
record
large
a
cents
Harbison-Walker Refractories Co.-—25-Cent
Div.—
"taxes
and
They have performed
loyally
;
sales,
letter
■
In
;
more
—$56,552,914 $54,735,590
37,432,583
36,047,378
_
absorbing
Aug. 3 declared a dividend of 35
stock, payable Sept, 13 to holders of
regular
were
each;
squeeze between high whole¬
to operate at a loss.
During
profits were penalized $250,000
were
Hartford
Total
1943
Cost of sales
j
the
com¬
obtained."
was
Mr.
spent
an
cents
share
fruits
Goldblatt Bros., Inc. (& Subs.)—EarningsYears Ended Jan. 31—
Net
sales
the
on
common
the
ferred
the
us
our
1943
from
by
pledged
company
and
per
words,"
obtained
This
that the
company, paper manufacturers, have placed, through
Goldman, Sachs & Co., a $500,000 : 3M>% sinking fund
mortgage loan due Aug. 1, 1958, with The Mutual Life
Insurance Co. of New York.
Of the proceeds $348,000
will be used to redeem on
Sept. 1, 1943, the outstanding
iV2% mortgage bonds of the company due March 1, 1951,
and the balance will be for
corporate purposes.
Total
authorized amount of new issue is
$1,000,000—V. 156,
p. 162.
1 ;
Gross profit on
issued
company's income.
Federal - income
tax
amounted
to
while
taxes
of
all
kinds totaled $21,446,105 or
1.46%
other
sumer's
(P. II.) Glatfelter Co., Spring Grove, Pa.—Loan Placed
Privately—Announcement
Commissions
orders
directors
the
record Sept.
4,
quarterly dividend of $1.25 per share on the
$5 pre¬
stock, payable Sept. 1 to holders of record
Aug. 14.
This
compares with 25 cents per share
paid on March 12 and June
12, last.
Payments in 1942
earning rate in part
.
'
«
"In
they
__
The
during the last fiscal
year were almost twice as much as
net earnings."
Another record achievement in
1942 reported by Mr. Hartford was
his company's
payments to growers and shippers of fresh fruits
and
vegetables as a total of
$132,828,732 last year, an increase of 42%
over the 1941 total of
$92,846,792.
"Growers and
shippers also received a record share of the con¬
1938.
-—Week End. July 21—
when
even
ceilings
of
Mr. Hartford reported that
taxes
$11,825,000,
$48,169
Railroad
retail
weeks
abiding
(M. A.) Hanna Co.—35-Cent Common
Dividend—
;
on
net
other
and
Harbor
kept that pledge,
first
part
2,020
$111,613
.
•
have
per
$50,188
2,049
$5,534
486.
p.
month
a
the
•
revenues—"
158,
$113,662
354
:
,.
1943
—V.
"We
of sales.
/-
•
$5,888
363"
,
—
'
than
sale
to
Insurance
Period—
price
the
and
income
Railroad
to
decline in
11,649
V
<
—
adherence
the
11,911
6,012
-
fact
l-,969
said.
'
,
attributed
OPA."
$44,176
applicable
the
37,768
2,529
Surplus
face
must
$93,594
$111,133
——;
$13,234,006;
Liabilities—Accounts payable,
$1,205,166; accrued taxes and interest,
$190,082; Federal taxes on income (less U. S.
Treasury notes, tax series
(purchased and held for payment of such
taxes), $1,030,844), $441,087;
current portion of
long-term debt, $355,000; long-term
debt, $2,503,250;
reserves, $200,000; convertible preferred
stock ($50 par),
$2,833,150;
common
stock ($5
par), $1,122,400; capital surplus,
$32,749; earned
surplus, $4,351,122; total, $13,234,006.—V.
157, p. 1459.
through illegitimate
we
28,544
999
from
food
$151,588
$4,888
income
of
I think
4,077
1,088
Gross
factors,
$10,935
$19,999
Deductions
movement
these
4,725
income
oper.
greater
all
cooperation with government organizations in their
efforts
to
prevent unwarranted increases in retail food
prices," Mr. Hartford
Non-operating income..-,
ry.
the
of
plete
2,007
Net
Hartford
"rigid
12,586
rents, net bal. Dr
.
and
view
part of the Job of feeding a nation at war."
Mr.
?
12,586
2,103
■
In
$26,731
Ry. operating income
Equip, rents, net bal. Dr
Jt. fac.
.
demands
577
$150,920), $2,689,768; Ohio State sales tax
stamps, $39,315; merchandise
inventory, $2,438,708; investments and other
assets, $580,038; land,
leaseholds,
buildings and equipment,
$5,350,178;
deferred
charges,
$261,005; total,
can
consumers
through four major wars since we were founded in
1859.
Today, because of the peak of efficiency to which we have
brought our organization, we are better
equipped than ever to do
''
Net rev. from railway
operations
Ry. tax accr'ls, regular
the
nor earnings will hold
up to the 1942 level this year.
"All of this means that our
company, along with other food retailers, 1
confronted with serious problems whose
solution
will require
theutmost ingenuity.
Fortunately, this is not the first time we have
had to carry on
during a national emergency.
We have served Ameri¬
290,776
.
that
.
60,028
47,880
remember
Is
117,562
9,788
52,811
—
must
we
are
that neither sales
205,234
Transportation
General
achievement
Consumer
channels.
$859,883
30,637
equipment—
Traffic
ment
40,432
record
war
costs
frozen.
are
1943—6 Mos.—1942
$167,404
this
on
food distribution is only
beginning to be felt.
rising although the prices we can charge consumers
buying power has been reduced by rationing.
Available civilian food supply is
shrinking because of increased govern¬
AIL of our
1
1943—Month—1942
:
Ry.
Maint.
full
with proceeds of
notes
studying
impact of
CHRONICLE
July
28
at
Glen
who
had
retired
as
finance committee of this
Mills,
Vice-President,
director,
company on Jan.
27, died
Pa.
Rheuby had served Hercules since April 1, 1913,
months after it had commenced business.—V.
158, p. 392.
Judge
only
three
1942
$12,024,113 $10,858,916
Sales
—
'Net
profit
Earns,
:
453,621
1432,900
510,693
i
sh.
per
com.
on
and
for the
\
^
'\
'
V;
RR..
Manufacturers
Hoboken
For San Jose Plant—
compared with $1,650,000
first half of 1943, as
first half of 1942.—V. 157, p. 2251.
the
/
International Business Machines Corp.- -New Officials
Federal taxes, including Federal in¬
at rate of 40 % and excess profits at 90% totaled
estimated
for
surtaxes
for
$1.03
J's
r
'r'
'
For Reor¬
Petitions
—
ganization—
operating a railroad line along the Hudson River
waterfront, on July 26 filed proceedings in Federal Court for reor¬
ganization under the National Bankruptcy Act.
The petition filed by the company's attorney, Edward A. Mancley,
declared all stock, except directors' qualifying stock, was owned by
Seatrains, Inc., a Delaware corporation.
.
.
Assets of the company were listed as $234,671, including cash on
hand of $133,130 and accounts receivable of $83,413.
Liabilities
were
placed at $316,770, including $213,1~2 on traffic
and car-service balances due other railroads.
In addition the vOmpanv
declared it owed $100,000 on a past due note payable Jan. 11,
1940.In filing the petition the company said cash resources were
insufficient
to
meet financial requirements and provide working
The
company,
of
50
Earns.
$0.75
sh._
com.
$108,530
$0.53
$0.24
>
sinking fund moneys, $456,500 principal
30-Cent Dividend—
a dividend of 30 cents per share on
value, payable Aug. 25 to holders of record
Aug. 13.
This compares with 35 cents paid on June 28, last, and 45
cents on April 1, 1943.
Payments during 1942 were as follows: Jan. 2,
50 cents;
April 1, 40 cents; June 15, 55 cents; Aug. 26, 60 cents;
Oct. 1, 50 cents; and Dec. 24, 45 cents.—V. 157, p. 2251.
—V.
18,000
18,000
$14,599
Balance
*$2,599
share
on
shrs. of cap¬
(outstand-
per
$20,594
$2,594
$27,663
9,000
$18,663
$15,401
$32,599
,
18,000
Sheet, June 30, 1943
Condensed Balance
V.
$48,030;
accounts receivable, $18,392; crude oil, $428; investment in and advance
to Wyoming-California Petroleum Co., $264,076; marketable securities,
$12,500; oil leases
(less reserve for depletion of $507,500), $14,544:
wells
and
equipment
(less reserve for
depreciation of $764,550),
$386,481; U. S. Treasury obligations,
Assets—Cash in banks,
contributions, it
employees'
miscellaneous
accrued
$9,219;
payable,
Liabilities—Accounts
157, p. 1846.
v
-
.
of
trial
The
taxes,
21
July
in
set
was
dividend payable, $9,000;
reserve
for Federal income tax,
capital stock ($1 par), $900,000; earned surplus accumulated
Jan. 1, 1930, $748,814; total, $788,202.—V. 157, p. 1743.
income
♦Net
tEarnings
♦After
•
June
ended
months
1942.—V.
in
Federal
for
Note—Provision
six
$1.75
$1.44
$1.49
$1.34
Inc.,
tRevised.
156, p.
and
income
totaled
30
excess
in
$558,000
taxes for
and $568,000
profits
1943
the SEC against Investors Syndicate,
Syndicate of America, Inc., was
Nordbye for Aug. 30.
The trial date
motion by SEC counsel withdrawing a
and
laws
companies of violating certain Federal
certain
charged
with
officers
misconduct.
gross
company,
for dismissal of the
the hearing.—V. 158, p. 393.
the
by
for
1050.
_
2,751,368
2,460,000
17,589,633
1,059,802
.
1,103,054
5,917,724
175,000
5,570,192
1,700,000
1,912,500
43,750
425,000
634,304
$1.19
$1.24
company
He set no date, however,
case.
after
1943
1942
$6,030,534
5,528,327
charges but before taxes—
$3,531,483
3,128,219
Payment of taxes in United Kingdom & Canada
Net
profit
board
The
•
nounced
of
that
and
governors
dividend
a
of
along
reduction
a
taxes
in
to
the
of
by the board.—V.
'
,
'''
'
-4 • •
$4,619,032
2,153,032
1,969,489
29,525
24,700
379,000
333,475
47,724
538,638
576,564
40,000
40,000
480,000
those
second
Provision
rates.
of
quarter
.'
•! -
>
Total
$91,572
$86,651
$1,150,386
included
' •*
11
-
'*
^ '
'
1
{1 J
'
iv
^ ' *•»"'' 1
*
3,356
40,680
3,217
debt
$94,789
1941
1940
earns.—
$4,013,056
$3,492,541
$3,296,993
share——
per
♦After
$1.46
$1,27
$1.19
$2,610,732
$0.95
deducting
preciation
V.
157,
and
all
all
costs, including administration, de¬
without
provision
for
depletion.—
operating
taxes,
but
a
contracts, the
counsel,
by
deducted. from
be
will
$418,500,
The
Government.
amount
the
the
of
Manhattan RR.—Two U.
S. Agencies Op¬
10c Fare—
pose
474,812
18,233
201,601
164,019
,
,
of
Canadian
Government
Two
Interstate
temporary
branches
ington
;
14,673
9
10-cent
in
the
opposed
Commission
cash
fare
on
in
a
briefs filed on July 21 with
proposal of the railroad for a
both
its
uptown
and
downtown
metropolitan area, Associated Press Wash¬
It had also been proposed that tickets good on
11 for $1 during the adjustment period.
line
sold
be
railroad
The
several
contended
that
collection
of
a
nine-cent
fare
raised
difficult problems and said that its proposal would cause a loss
of $83,000
revenue
Briefs filed
in
one
behalf of
on
Administrator
stated
year.
the Economic Stabilization Director and the
that
instead
of
losing
$83,000
on
a
year's
railroad would increase its revenue at least $7,000, and
probably much more.
They asked the Commission to reject the pro¬
posal for a temporary 10-cent downtown fare, and suggested that
instead of attempting to obtain metal tokens, the company should use
operation
estimated
the
amount
(or
$511,995
.
excess
share of common stock.—V.
157. p. 2043.
158,
Ended
the
Total
have
directors
The
declared
a
dividend
of
10
cents
per
671,258
712,882
495,570
$1,677,583
116,050
$1,200,255
$1,655,851
$1,793,633
40,219
37,752
l,055,625f
383,142
$1,269,503
25,007
341,000
63,120
—
Interest
-
State income taxes.™)
Federal and
profits
excess
income
Earnings
tax—
j
common stock, payable Sept. 1 to holders of record
is the first payment to be made on this issue since
Dec. 16, 1937, when 25 cents per share was paid.
the
no
Aug.
par
17.
value
This
Pays Off Entire Funded Debt—
it has paid off $613,323 in first mortgage
notes and collateral notes, representing the entire funded debt.
Under
terms of company's by-laws dividends may not be declared or paid
except out of 50%
of net income in excess of $2,000,000 for the
preceding year,, so long as any of the first mortgage notes-remain
Outstanding.—V. 157, p. 2251.
The
company
announces
$721,496
$1.83
$1.88
$1.46
share:
per
Consolidated
Assets—Cash
hand
Balance
Sheet, June 30, 1943
demand
and
-182,000
,
$701,339
banks, $1,251,117;
notes and accounts receivable, trade
(less, reserve for doubtful notes
and accounts, $133,777), $1,639,475; expenditures for equipment to be
billed to U. S. Government departments, $40,404; advance payments
to suppliers, $23,421; inventories, $3,513,032; company's capital stock
purchased for distribution to employees under incentive compensation
plan (1,558 shares), $14,687; instalment notes receivable, due after
one
year,
$3,495;
sundry receivables," $16,023; property, plant and
equipment
(including emergency facilities)
(less reserves for depre¬
ciation and amortization) of $496,656), $783,463; patents and patent
applications (less, reserve for amortization of patents, $5,363), $75,139;
on
prepaid expenses and
Liabilities—Notes
$300,000;
accounts
sales
deferred
payable
payable,
to
in
$87,844;
charges,
banks,
advance
liabilities,
accrued
on
total,' $7,448,099. ;
due within one year,
payments on uncom¬
portion
$545,682;
$462,627;
contracts,
deposits
income
$271,538;
pro-
(less, U. S. Treasury
provision for adjustments due
to engineering changes, $2,004; notes payable to banks, due in instal¬
ments to
Dec. 22,
1946 (less, portion included in current liabilities
of $300,000), $1,000,000;
common stock
(par $1), $384,100;
paid-in
surplus, $1,832,466; earned surplus, $2,067,005; total, $7,448,099.—
V. 157, p. 2043.
■
Kalamazoo Stove
& Furnace
"
6 Mos. End. June 30—
♦Net
profit
♦After
$247,812 '
—
share™
per
Co.
'
1943
(& Subs.)—Earns.—
1942
1
"
V'
1941
$78,535
$42,536
$0.26
1940
'$65,484
$0.14
$0.83
interest, depreciation, Federal income taxes, etc.
-
$0.22
tOn 300,000
shares of capital stock»
New Vice-President—
Arthur L.
•C.
the
Blakcslee, President, on Aug. 2 announced an enlargement
through the appointment of Herman
Vice-President.—V. 157, p. 2252.
company's executive force
Price
as
Kansas City Power & Light
Electric Co.,
Operating
revenues
1942
Operation
7,617,546
.
6,976,472
Maintenance
1,027,224
899,947
Depreciation
2,192,133
1,868,397
2,198,114
.1,716,098
local
income
Net
Other
outstanding 25-year 5'/2% sinking fund secured gold bonds,
series A, due March 1, 1953, of The Islands Edison Co. have been called
for redemption as of Sept. 1,
1943, at 102 V2 and interest.
Payment
will be made at the office of The Pennsylvania Company for Insurances
'
*
1943
$20,218,737 $18,994,897
i
and
miscellaneous Federal
taxes—
86,705
earnings
income
from
operations
(net)
2,366,685
$4,518,547
Dr30,925
profits
84,044
2,908,185
taxes
below.—V. 126, p. 3117. V
(The) Islands Gas & Electric Co.—Bonds Called—
Co.—Earnings—
12 Months Ended June 30—
$4,753,538
Dr42,840
All of the
Lives
on
delphia,
and
interest
bonds
Granting
Annuities,
and
15th
Chestnut
Sept.
the
bonds
above
1,
1943,
may
upon
above-mentioned
at
any
time
and
presentation
office.—V.
156,
p.
and
said
102 V2
receive
surrender
of
tion
it
is
existence
United
pany
for
Company
war
not
of
an
Act
between
portfolio
the
SEC
the company's accountants to verify
securities or other assets allocated in
has granted
the
application
United
States
and
of
the
of
the
blocked
lire
are
physically
Italy.
In its balance sheet for the fiscal
the
applicant had reduced the value of
nominal sum of $1 by-the creation of an
earned
of
com¬
Investment
of
termination
the
Italy.
Italian Superpower is a
investment company.
Its assets
closed-end, management
consist almost entirely of securities issued by. Italian utility
tions, blocked lire and approximately $270,000 in cash.
Its
and
expense
$4,487,622$4,710,698
—:—1,425,000^:: 1,425,000
and
redemp¬
premiums on refunded issues
——.
216,609
of net premiums on outstdg. bond issuev Crll4,130
interest
(net)
!
—10,060
216,609
Crll4,130
87,655
65,918
Miscellaneous
deductions
Net
income
♦Less debt-retirement
Co.—Exempted by SEC—
registered,
securities
-
discount,
12,143
1328.
exemption from certain provisions
of 1940 until six months after the
the
debt
$2,862,427
—
credit.—V.
158, p.
193.
$3,105,153
♦
possible for
its
States,
earnings
long-term debt—!
on
of
General
J
Italian Superpower
net
Amort,
Amort,
the
of
to
at
Total
Interest
Phila¬
Sts.,
Pa.
Holders
the
on
69,248
671,400
(
$560,006
—
♦Federal income and excess
Islands Gas &
the
share
$4,691,144
2,995,318
$1,592,731
profits and income—
paid, etc
State
(The) Islands Edison Co.—Bonds Called—
See
486.
Hudson Motor Car Co.—Resumes Dividend—
T
1941
$7,497,048
5,106,583
8,631,544
income
Other Income
had not had
company
in reduction of the unamortized balance of discount, call
premium, etc., on the bonds refunded in 1940 and 1942.—V. 157, p. 393.
Because
T
■>.
1942
1943
30—
June
$10,895,533
Operating
taxes which
applied
the
p.
-
Owned Subsidiary, Joy Service Co.)
Wholly
(And Its
Months
Selling, admin, and gen. expenses—
and Federal income taxes repre¬
estimated additional amount) of
would have been payable on the
the benefit for income tax pur¬
of the deduction of discount, call premium, etc., applicable to
refunded in 1940 and 1942.
The corresponding credits have been
if
income
tickets and sell them at nine cents each or three for 25 cents.—
paper
V.
the
reserve
representing post-war
refund
of Federal and
profits taxes.
This amount is equivalent to 34 cents
Cost of sales—
York
New
from
to
Sales, less returns, allowances and
136,249
$423,274
$23,768
$32,111
charges in lieu of State
♦Includes
senting
advices state.
either
Price
agencies
due
been charged
$285,100
State,
Commerce
has
Joy Manufacturing Co.—Earnings—
177,127
13,838
'
the
refund
post-war
refund
contingencies arising out of war conditions, and the amount of the
per
$1,300,184
400,000
15,507
State and Federal income
bonds
&
post-war
for
other funded
on
—_—
income
poses
2042.
p.
Hudson
profits
excess
provisions of the statute requiring renegotiation of
company will, upon execution of an agreement ap¬
make a refund to the Federal Government of
$883,500 of profits realized in 1942
(computed after allowance for
taxes).
Of this amount, $465,000 will be paid in cash and the balance,
of
Net
1942
♦Estimated rlet
Earnings
$1,188,894
33,333
Smelting Co., Ltd.—Earns.—
1943
6 Mos. End. June 30—
$90,007
33,333
earnings—
mtge. bonds y.
on
Amort. & other deducts.
Hudson Bay Mining &
and
credit
before
was
Pursuant to
(2)
proved
$1,259,504
38,508
earnings-
net
Interest
^
income
for
1942
profits taxes, not enacted into law at that time.
It
provision for tax contingencies which does not recur in
provision for 1943.
war
480,000
retirements
income
Interest
156, p. 1151.
'
3,482,692
$6.35
>
excess
tEarnings
Repayment of 10 shillings ($2.20) per share of each of the 400,000
cumulative preference shares of £2 each will also be recommended
I
$4,701,056
167,805
45,714
oper.
Other
5%
}
for
Net
receipts
July 21.
on
$366,881
185,849
taxes
Prov.
also an¬
of IV2 %
of the company
with a distribution
committee
4%,
Other
of land sales,, would be recommended.
Both payments
will be made on the ordinary £ 1 shares, payable to holders registered
from
$392,659
earnings—'
oper.
Oper. expenses & maint.
♦State & Fed. inc. taxes
$403,264
$502,207
—
4,042,724
$6.76
was
notes, tax series C, $750,000), $582,679;
1943—12 MOS.—1942
1943—Month—1942
Period End. June 30—
Gross
'
175,000
made for Federal
income and excess profits taxes in excess of current rates.
Now, how¬
ever, it appears that there will be no Increase in the rates applicable
to 1943 income, and the provision made in the second quarter reflects
pleted
of Del.—Earnings
Iowa Southern Utilities Co.
Co.—Earnings—
Hudson's Bay
Years Ended Jan. 31—
Profit
--
During the first quarter provision
Vision for Federal and State taxes based
•
2,753,152
43,750
425,000
—
share, .r
com.
and Investors
by Federal Judge
conjunction with a
postponed the hearing of a petition by an investor of Investors Syndi¬
cate, Inc., for the appointment of a temporary receiver and an injunc¬
tion restraining the officials from distributing any of its assets pending
a final hearing on a motion for liquidation,
to consider first a motion
income and excess
for Federal
and provision
3,080,000
14,772,202
657,415
591,052
per
Notes—(1)
Net
denying the SEC charges, recently won a Federal Court
decision refusing an SEC motion for a temporary restraining order.
U. S. District Judge George
A. Welsh at Philadelphia on July 27
The
1940
$230,727
tGn 160,900 shares of common stock.
profits taxes.
the
$214,000
—
share
per
depreciation
J1941
$279,230
301,335
5,316,684
Surplus
Aug. 30—
trial.
securities
tl942
$239,000
1943
975,000
669,870
dividends
dividends
Federal
The SEC has accused the three
6 Mos. End. June 30—•
V
36,913,347
.
petition for a pi^liminary injunction in favor of hearing the full com¬
plaint as well as a motion for a permanent injunction at the August
(Harvey), Inc.—Earnings—
Hubbell
announced by Neal Dow Becker,
was
complaint by
a
Mutual,
set
$6,038;
40,577,374
3,202,630
earnings
Earns,
plan
Investors
$15,131;
Since
revision has been made in the existing group insurance
of the employees of this corporation which will provide greater
and sickness and accident benefits without increasing
Investors Syndicate—-Trial Set For
total, $788,202.
$1,291;
deferred charges,
$42,460;
9,028,851
discounts
is being underwritten by the Metropolitan Life Insurance
Co.
on
a
cooperative basis whereby
the employees contribute fixed
amounts and the employer bears the balance of the entire net cost.—
$0.02
'$0.03
Net
>
Em¬
upward
The
$0.02
4,288,719
10,910,456
to
insurance
life
the
$0.36
salaries
expenses,
President.
($1 par).—--
3,659,724
contingencies
Preferred
156, p. 2039.
An
39,989,329
1,239,270
:
amount
share—
per
all
program
-
,
lor
Common
ployees Revised—
stock
5
and
,
1940
1941
;1942
Intertype Corp., Brooklyn, N. Y.—Insurance for
depreciation, de¬
pletion and inc. taxDividends paid
_—_
ing
.
9,318,903
809,297
employees
Deprec. & depletion—
Prov.
38,969,118
9,707,268
resale—
payment to be made has been recorded as a liability on the company's
books.
'
• v
,.
'... '
(3) Included in the net earnings of the second quarter of 1943 is an
earnings
♦After
ing
900,000
:
for
;
$344,264 $245,202
$407,832
$326,195
$1.43
$1.02
"
$1.70
$1.36
interest, depletion, depreciation and estimated
Federal taxes and including in 1942 and 1941 additional provision for
taxes due to anticipated tax increase,
ton 240,000 shares capital stock.
♦Net
tEarnings
profit after deduct¬
ital
;
1943
6 Mos. End. June 30—
1940
1941
1942
1943
Wages
other
cxpen.se.s__
manufactured
products
for
s..
,
International Salt Co.—Earnings—
Co.—Earnings-
Holly Development
Earns,
-
-
par
no
6 Mos. End. June 30—
Net
157, p. 2349.
Trust Co.—V.
declared
have
directors
out of
amount of refunding mortgage
redemption price at the Bankers
immediate payment at the full
obtain
Holophane Co., Inc.—To Pay
and
26,965,511 110,789,504 108,542,377
27,334,323
materials,
of
520,993
495,309
94,436
59,558
income
costs
Cost
the
gold bonds, series A, due March 1, 1955.
Payment will be made at 105% and accrued interest by the Bankers
Trust Co., trustee, New York,
N. Y., or in Canadian funds by the
Bank
of Montreal in Montreal.
Holders of the drawn bonds may
.
The
Raw
also
Called—
6%
fund
sinking
royalties,
commissions, divs, etc.
Total
26,871,075 110,294,195 108,021,383
27,274,765
from
.
by lot for redemption on Sept. 1, 1943,
There have been drawn
12 months ended June 30, 1943, was $1,625,766,
equal to $3.61 per common share, as compared with $1,736,596, or
$3.86 per common share for the 12 months ended June 30, 1942.—
V. 157, p. 2251.
the common stock,
S
sales
Income
refund
profit for the
Net
1943.
Exchange
Foreign
International Paper Co.—Bonds
$239,822
$233,226
$0.52
$339,947
taxes-
profits
per
1943—6 Mos,—1942
and
inc.
Fed.
and June 30,
Control Board has authorized the
disbursement
of the current
dividend in United States dollars in
respect of certificates issued by the company's Toronto, Montreal
and New York transfer agencies and at; the equivalent in pounds
sterling in respect of certificates issued by the company's London
transfer agency.—V. 157,
p. 1845.
chgs.
after
profit
and
excess
of
Canadian
The
;
Holland Furnace Co.—Earnings—
Net
dividend on the common stock
a
—12 Mos.- —Ended—
June 30, '43 Dec. 31, '42
June 30, '43 June 30, '42
Taxes
share in United States currency, payable Sept. 30 to
record Aug. 31.
This is the 104th dividend declared
Distributions of 50 cents per share were also made
per
March 31
on
declared
2
Aug.
on
issue.
this
on
1943—3 Mos.—-1942
cents
shareholders
Fake signed an order approving the filing
of the petition and set Aug. 23 for a hearing of the trustees or trustee
He also directed the company to file a true statement of assets and
liabilities on Sept. 10.—V. 144, p. 938.
Period End. June 30—
directors
Subs.)—Earnings—
(&
—3 Mos. Ended—
Canada, Ltd.—Usual Div.
International Nickel Co. of
The
L.
Guy
Judge
Federal
158, p. 192.
Corp.
Period—
.
corporation on
operations until his present appointment.—V.
291.
p.
Johns-Manville
Net
July 26 announced the appointment of Luther
L. Sheppard and Roger R. Williams as Resident Manager and Super¬
intendent, respectively, of its new card-manufacturing plant in San
Jose, Calif.
The company recently announced the purchase of a build¬
ing there and has already begun the extensive alteration and equip¬
ment of the plant.
When completed, it will serve all IBM electric
accounting machine users west of Denver, and in addition will have
facilities for further expansion in order to meet the anticipated post¬
war industrial growth of the Pacific Coast.
Mr.
Sheppard was previously manager in the Indianapolis office,
while
Mr.
Williams was
in charge
of several card manufacturing
The
158,
•
■
$3,873,851
;
_
—V.
tRevised.
depreciation, Federal taxes, etc.
$1,273,000
made at the
West Monroe
St.,
Chicago, 111., or at the option
of the holder thereof at the
Guaranty Trust Co., 140 Broadway, New York, N. Y.—V. 158, p. 192.
Sales
Higher—
1943—4 Wks.—1942
1943—28 Wks.—1942
$3,770,563 $28,434,804 $27,756,318
Period End. July 17—
company
April 1, 1953, at 105 and interest.
Payment will be
Harris. Trust & Savings Bank, corporate trustee, 115
462,319
t$0.95
$1.01
$1.17
Note—Provision
come
of
>
<
stock
'After
'
has called for redemption as of Oct 1, next, a total
$500,000 of first and ref. mortgage 6%
gold bonds, series A, due
The
1940
$7,111,097
1941
$9,343,881
1943
6 Mos. End. June 30—-
Jewel Tea Co., Inc.—Sales
Called—
Illinois Iowa Power Co.—Bonds
(& Subs.)—Earnings—
Ilinde & Dauch Paper Co.
Monday, August 9, 1943
FINANCIAL CHRONICLE
THE COMMERCIAL &
578
located
year
its
in
the
ended
Italian
corpora¬
portfolio
Kingdom
Dec.
31,
assets
appropriate reserve
surplus, resulting in- an earned surplus deficit
approximately $30,470,000.—V. 155, p. 638.
as
of
to
of
1942,
the
out
of
that date
Kansas-Nebraska Natural Gas Co., Inc.—Registers Pre¬
ferred Shares—
on
July 24 registered 12,500 shares of $5 cumulative
stock, without par value, with the Securities and Exchange
Offering price to the public will be $105 per share plus
accrued
dividends.
The underwriters are
the First Trust Co. of
Lincoln, Neb.; Harold E. Wood & Co., St: Paul; Rauscher, Pierce &
Co., Dallas; Beecraft, Cole & Co., Topeka; United Trust Co., Abilene,
Kans., and Bigelow-Webb, Inc., Minneapolis.
.
.
.
.
Of the net proceeds to be received by the company, estimated at
$1,275,000,
$1,031,520 will be applied toward the retirement of the
•.company's 9,824 shares of $6 cumulative' preferred stock at $105 per
share.
All of the $6 preferred has been called for redemption on
Company
preferred
Commission.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4201
158
Sept. 15, 1943.
The balance of the net proceeds, estimated at approxi¬
mately $243,000, will be added to the company's working capital.—
V.
157,
1363.
p.
,,
Period End. June 20—
Operating
Operating
Federal
275,031
269,472
97,082
expenses____
taxes
Other
165,217
taxes
Property
retirement
serve
54,121
y
_______
$8,336,750
3,251,672
1,273,866
$621,792
550,380.
50,900
;
2,856,606
930,720
re¬
68,667
62,500
787,000
735,000
125
125
1,500
Oper.
1,564
Amort,
of limited-term
investments
Other
Int.,'
$2,472,332
9,318
$141,713
; . 163
$171,453
1,088
„
income
etc.,
1941
$2,220,878
$141,876
$172,541
-
deductions—.
79,194
$2,142,790
2,418
$2,481,650
72,135
|
943,873
,
$668,303
1,778
$670,081'
$139,517
901,405
$1,537,777
520,7.84
Balance—™,
193."
p.
:
'
.
1
"
,
$1,243,803
520,784
$1,016,993
———
158,
$723,019
502,563
$204,302
$167,518
$99,551
$0.19
$0.14
Total
net
than
assets
the
of
$63,000,000,
corporation
of
as
June
30,
1943,
arc
now
increase of approximately $21,000,000
an
since
,
—
share
common
provisions
receivable,
share
per
of
assets
year.
series K-2
the
43,398
on
shares
for
possible
renegotiation
and
Sheet,
June
Fund
increased
June
on
from
$414,746, or $9.56
1942, to $1,161,395, or $17.26
30,
corporation
cents
on
the
Keystone
payable
semi-annual
regular
a
special
a
distribution
of
20
distribution
cents
post-war
capital
income
preferred stock fund series K-l
holders of record July 31. . These
shares,
both
cents per share on
Keystone Telephone
Carstairs
Co. Of Philadelphia—Suit Filed
Lerner
stock
common
earned
surplus,
of
stocks of Keystone.
Bell .Telephone Co. of Pennsylvania and the
Keystone Telephone Co. were named as defendants.—V. 157, p. 2450.
Kings County Lighting Co.
Haverford,
Period End. June 30—
1943—6 Mos.—1942
has been
158, p. 87,
elected
Pa.,
Inc.
from
mining
selling coal
$1,677,872
$1,631,457
$3,238,772
962,961
83,434
911,226
1,885,280
100,038
188,058
——76,194
(including
esti-
76,315
152,443
within
director
a
other
inc.
494,810
551,951
revenue
—
Operating expenses
Maintenance
Depreciation:
mated
for
prov.
income
tax)
1,766,073
195,274
-
1
p.
The
Kon-oper
income
$265,989
(net)
$246,085
$518,181
$479,770
4,799
9,470
11,110
$255,555
$529,291
291.
$1,168,860
7,724
20,075
$1,356,524
24,708
118,940
;
Other
interest
Amort,
of
and
<»_!!—
debt
expense
Miscell.
118,940
237,880
15,658
•
29,137
14,198
of
&
3,219
3,081
6,300
6,029
3,189
2,619
5,543
$131,242
$115,257
$250,431
$225,743
excess
Prov.
Net
—V.
income
157,
__
_
p. 2044.
•
>,
.
$1,381,232
48,519
for
Dr4,877
270,322
11,071
Other income
373,636
$512,383
,
R.)
Report—
Kinney
Co.,
6 Months Ended June 30—
Net
sales
of
Cost
and
-it
and
Subs.)—Semi-Annual
1943
i
!,
—
sales
(&
Inc.
$956,900
$1,567,080
$1,992,633
Int.
and ;.
'
49,052
1
76,050
98,104
oper.
excl.
exps.
146,434
276,852
^
„
143,186
—
6,207
225,355
284,636
503,787
562,776
Cr4,900
97,850
169,000
Net
profit
Interest
operations
on
charges
Depreciation
Provision
Federal
for
Appropriated
32,752 %
19,620
(net)
amortization
and
to
income
general
$961,932
$1,051,336
charges
Miscellaneous
533
1,830
13,533
21,795
786
1,613
3,004
3,896
12,395
35,616
*490,000
taxes
contingency
137,702
income
•,
—
income
$108,431
$226,091
outstdg.
1,205,437
Nil
post-war
and
dies
Net
replacement
of
lasts,
460,000
patterns
;
-
$0.14-
$5
on
'■Includes
prior preferred
$130,000 Federal
194,946
stock
profits
excess
* $303,565
160,732
$2,367,771
tax.
Assets—•
1943
'
,
Cash
Prepaid
*Cash
5,484,355
197,356
value
security
patterns,
Total
insurance
—i
269,903
—
38,740
1,440,507
$8,384,568
$8,784,358
and amort.)—
trademarks and goodwill
'
30,230
1,337,457
3
deprec.
,
236,892
293,502
.—
employees'
and
„
dies,
(less
assets
life
deposits
(contra)
payments
Lasts,
5,046,386
expenses
bond
Fixed
431,211
<-
surrender
Managers'
*
$882,747
409,215
(less reserve)
Merchandise
Hazleton
a/c
Loss
$1,070,419
Accounts receivable
a/c
Loss
1942
■
funded
on
3
a/c
Snow
and
taxes,
excess
Shoe
ry.
for
and
of
1,563,386
170,050
.
;
•••,
■
$741,698
21,144
-
..
$2,330,290 '
26,469
$1,567,906
•
392,376
1,093,374
' 680,376
$282,500
$349,322
$1,236,916
$887,530
$4,068,214
189,837
564,106
603,113
143,186
:—
Scott property
Federal income
-
'
>
15,522,957
12,603,446
11,598,394
4,722,409
3,560,626
3,251,301
2,281,114
1,528,966
585,477
453,157
*108,778
Lorillard Co.—Financing Program—
announced
Bros,
and
July
28
Smith,
that it
Barney
is
&
*
:
conducting negotiations
for a financing pro¬
Co.
is
Oct.
1,
1944,
toward
applied toward retirement of the 7% debentures,
which are outstanding in the amount of $5,300,300,
of bank loans which at the end of 1942
repayment
amounted
to $20,000,000.
registration statement with respect to the new securities is being
and is expected to be filed with the SEC in September.—
A
V.
157,
994.
p.
229,765
35,133
1,075,703
234,585
12,376
22,295
Operating
12,132
•
Operating expenses
Depreciation
-
247,052
'■
19,887,495
The proceeds will be
110,000
income & excess profits taxes
Pennsylvania income tax
Minority interest
i,
774,121
prepared,
23,831
1,052,108
for
228,300
Cv-// ■•'
-
$2,336,670
debentures,
and
depreciation—
941,952
1940
$2,445,805
822,803
208,635
'• 863,219
158, p. 88.
company
Lehman
and
218,571
;
$3,027,442
to raise approximately $25,000,000.
expected the financing will take the form of about $20,000,000
with approximately $5,000,000 to
be raised through
an
offering of common stock by way of subscription warrants to
common stockholders.
;
of
due
demolition
income—
1941
1942
$4,029,895
1,612,323
gram
reserve
debt
1943
railway
railway
oper.
(P.)
It
Fed.
Provision
$736,250
of
from
The
with
79,232
1,069,618
abandonment
Breaker
excluding
taxes
profits
Depletion
unfunded
Shaft
abandonment
Federal
Prov.
properties
and
$3,327,811
453,750
♦Deficit.—V.
155,039
6,652
865,109
165,403
Writeoff
Preliminary Consolidated Balance Sheet As at June 30, 1943
•
133,900
lands
Interest
6,758
From Jan. 1—
225,000
;
idle
12,525
„
from
from
$2,539,325
$3,373,432
carrying
'//v:-"V
surplus
157, p. 2044.
Net
1942
debts
—
of
coal
deductions
reservations
Net
$2,502,201
37,124
income
Cost
discount,
railway
Net from railway
Net ry. oper. income
$2,333,961
33,810
(Gross income
Dividends
1,449,025
36,233
.■//'
Long Island RR.—Earnings—
$0.25
42,000
$357,584
89,779
June—
Earnings for 12 Months Ended June 30
Total income from operations
of excess accruals for bad
Other
$3,836,692
812,103
37,459
earned
$647,800
1,205,437
Refunds and adjusts, a/c prior years' taxes, etc.
Profit on
sale
or
other
disposition of fixed
assets
income
_
$512,555
1,205,437
$0.05
Restoration
reserve
$1,650,333
682,934
•
1,205,437
■
for
$1,469,168
—.
Ealance transferred to
—V.
Income from mining and selling coal
Income from other operations
—
25,049
109,380
$1,651,874
$3,836,796 "' $3,330,997
Drl,536'
Drl04
Dr3,186
2,465
income
Gross
11,391,095
842,981
1,748,646
2,593,936
208,175
12,300
1943
11,226,450
800,633
1,917,259
2,212,701
,
6,150
taxes
383,675
$1,466,703
income.——
net
,
1943—12 Mos.—1942
$7,161,008 $14,746,987 $14,270,603
2,825,655
5,979,598
5,749,043
883,230
1,416,574
-
income
Miscell.
.
deprec.
amortization
158.
.
,
294,507
v
Net
143,186
Fed.
Consolidated
announced.—V.
was
418.654
(net)
interest
miscell.
income &
shares
$12,277,786 $12,353,027
of
4,467
Net
corporate income
$992,804
shares outstanding
1,205,437
Earnings per share.—$0.26
—V. 157, p. 2044.
:
Los Angeles Ry.
:
•
Period End. June 30—
.;
:
Corp.—Earnings—
1943—Month—1942
$1,659,981
1943—6 Mos.—1942
$1,306,150
861,976
$9,698,930
960,045
143,423
135,836
857,478
$7,368,933
5,111,227
781,506
$308,339
$3,017,888
$1,476,200
161,559
*1,715,819
*792,386
$235,124'
$146,780
$1,302,069
$683,814
449
48
936
543
$235,573
revenue
$146,828
$1,303,005
$684,357
405,347
5,823,564
$1,747,230
Common
Net oper.
1,205,437
$556,512
321,389
revenue
Taxes
$0.88
•
.
Liabilities—
Notes
Operating income
$400,000
865,830
payable (banks)
payable (trade)-
Accounts
Accrued
for
Federal
taxes
582,894
on
1,
(net)
income
1944
40,000
40,000
340,724
deposits
and
employees'
bond payments
(contra)
—
*3Vi% serial debentures maturing 1944-1952—
Reserve for future inventory price decline
691,806
of
30,230
1,150,000
210,000
restoration
facilities
mfg.
38,740
1,310,000
210,000
15,000
Capital
3,249,100
79,550
3,224,250
98,400
201,901
87,254
1,039,708
$8,784,358
—
_
(from July
1,
There
1936)
Total
*Life
insurance
debentures
of
policies
1942.
Surplus
are
as
pledged
as
at Dec. 31,
collateral
1941,
to
restricted
the
as
3V2%
to
the
•(Cumulative dividends undeclared at June 30,
(Cumulative
June
30,
dividends unpaid $95%
1943.—V. 157, p. 1651.
of
its
on
1,591
shares
«;■
Bonds—
at
-
'
converted
has
1, 1961, at 1027c and accrued interest.
Payment will be made
the Bankers Trust Co., 16 Wall St., New York, N. Y., or at The
March
at
Union Trust Co.
V.
of Pittsburgh, Union Trust Building, Pittsburgh, Pa.—
157, p. 2252.
income
Gross
for
redemption as of Sept. 14, 1943, a total
convertible sinking fund gold debentures, due
into
Int.
on
the date of
redemption receive payment at the rate of 103 and interest
1943, upon presentation and surrender of said debentures
to
Sept. 14,
to
Net
•
funded debt
49,845
68,557
343,487
$185,728
the trustee.
$78,271
$959,518
Balance
was
also
will
redeem
5%
gold
105
and
the
p.
announced
on
Sept.
bonds,
16,
series
interest.
that
the
1943
due
all
1968
Payment will
South
of
of
Carolina
be made
at
The Chase
&
first
Gas
material
of
New
York,
11
Broad
St.,
New
York,
National
N.
Y.—V
Bank
.158,
the
meeting
President
of the
of
board
of
Consolidated
directors,
Tenney, Vice-President of The Marine
York, were elected members of the board
Lincoln
Building
held
Coppermines
of
158,
payable,
$827,804;
Trust
directors.—V.
Harral
Co.
of
157, p.
($100
par),
$8,954,400;
common
stock
accrued interest, $87,083;
88.
p.
Louisiana & Arkansas Ry.—Earnings—
July 23, John A.
and
stock
accrued taxes,
$1,568,213; other items, $74; accrued depreciation, $23,314,299; unre¬
deemed fare tokens, $98,280; surplus, $2,749,529;
total, $52,458,677.—
wages
1943
June—
on
Corp.,
Midland
supplies, $564,652; other current assets, $57,350; prepaid
insurance, $98,097; miscellaneous items, $66,777; total, $52,-
(200,000 shares, no par), $2,000,000; funded debt, $12,858,996; accounts
and
V.
Liberty Aircraft Products Corp.—New Directors—
At
and
and
Liabilities—Preferred
Co.
mortgage
Co., at
Power
487.
City
1943
458,677.
Electric
the outstanding
Lexington Water
Sheet, June 30,
$279,011
for 1942.
Assets—Land, $6,100,037; buildings, shop equipment, etc., $3,926,898;
trackage and electrical system, $19,722,037; street cars, $11,160,595;
coaches, automobiles and trucks, $5,894,956; other items, $2,502,314;
investments, $303,374; cash, $1,946,946; accounts receivable, $114,643;
taxes
Also to Retire First Mortgage 5% Bonds—
income
"Includes income tax of $1,172,500 for 1943 and $279,000
6%
preferred stock of South. Carolina Electric & Gas
Co. upon
and subject to the terms and conditions provided in the1
debenture agreement.
Such conversion right will cease on Aug. 30, 1943.
Holders of any of the called debentures may at
any time prior to
Payne,
.
called for redemption on Sept. 1, 1943, $173,000
mortgage and collateral trust bonds, 2l/2%
series, due
company
first
1943, $4.50 per share.
share
;
Koppers Co.—Calls $173,000
The
per
called
$107,300 of 5V2%
1, 1953, at 103 and interest.
Payment will be made at the
Guaranty Trust Co., trustee, 140 Broadway, New York, N. Y.
Until
and
including Aug. 30, 1943, any of the called debentures may be
of
payment of dividends under terms of trust indenture.
been
Non-operating income—
Called—
Jan.
It
C
have
of
93,716
822,566
general
surplus
surplus
Earned
__—_
202,278
contingencies
t$5 prior preferred stock
(no par)
}$8 preferred stock (no par)
Common stock
($1 par)
for
Reserve
15,000
92,000
$8,384,568
for
Reserve
Lexington Water Power Co.—Debentures
922,520
465,459
security
Managers*
.
liabilities
serial debentures maturing Jan.
*3V2 %
Prov.
miscellaneous
and
$650,000
«
premium & expense &
.
—
Common
it
1,033,580
—
Amort, of debt
...
.
Earnings per share
1942
total,
'
1943—6 Mos.—1942
long-term debt-
on
Other
profits
Net corporate
extensions,
$7,495,574
3,052,199
_—
____
Operating income
>
—
Penn.
the
551,811
•
depreciation-
tax
of
1,524,438
Gross
(G.
$100,-
$713,282;
•
Maintenance—.
idle
excl."
profits
favor
Taxes
137,811
Minority interest
.
contingencies,
surplus,
on
revenues
4,507
.
debt
Prov. for Fed.
4,942
—
deductions
assets,
with
expenses
$1,188,936
38,217
__
&
earned
1945.
p.
Period End. June 30—
Depreciation
•
excess
taxes
Deplet.
for
reserve
•
5,717
reserve
funded
on
in
$685,738
fixed
carrying
taxes,
inc.
237,880
32,573
discount
voted
5,441
a/c Snow Shoe
abandonment
Fed.
long-term
on
debt
$172,750;
$685,243;
488.
Operating
Operating
Writeoff
Interest
capital
Lawrence
$360,072
income
unfunded
$507,167
par),
other
or
properties and
27,397
$270,788
Gross income
.
$27,482;
July 29 approved the extension of personal
Louis B. Mayer,
David Bernstein, J. Robert
Weingarten, executives, who have been connected
with the company for
many years.
The contracts so approved were
extensions of expiring
contracts, with a provision for a further exten¬
sion.
Upwards of a million shares held by over 10,000 stockholders
contracts
and
Gross
Interest
charges,
1943—6 Mos.—1942
$678,014
coal lands
Operating income
31, 1943
Long Island Lighting Co.—Earnings—
;
of
deferred
$12,000),
stockholders
service
Rubin
were
5,644
oper.
assets
Gross
289,294
Sheet Jan.
22 715
116^937
';
credit.
Loew's, Inc.—Service Contracts Approved—
P.
$353,428
Other income
Cost
Fed.
-
year,
146,870
disposition
$3,145,603
retirement
cumulative preierred stock (par $100), $291,600; common stock
shares, no
$2,373,145.—V. 157,
and
opers._
from
sales
on
one
000; 7%
to
152,535
297,793
Profit
debt
expenses,
(685,243
1943—3 Mos.—1942
& adjusts, a/c
prior years' taxes, etc.,
1943—12 Mos.—1942
of
interest, etc., $177,067; Federal and state taxes accrued
(estimated) Jiess: U. S. Treasury notes, tax series "C",
$478,000),
$50,000; real estate mortgage instalment payable within one year,
$12,000; real estate mortgage payable (less: amount 01 principal due
Comparative Consolidated Income Account
Period End. June 30—
Total
21,467
117,107
dividends
deduction
bonuses,
Corp., above.—V. 157, p. 2349.
Refunds
(& Subs.)—Earnings—
$36,325
Liabilities—Accounts payable, trade creditors, $42,126;' accounts
pay¬
able for merchandise in
transit, $129,077; sundry accrued
share, with dealers' discount 85 cents.—V. 158,
from
70,000
$50,864
agreements, $11,104;
$802,310; total, $2,373,145.
total,
Corp.—Secondary
Offering—Merrill
Lynch, Pierce, Fenner & Beane on July 28 offered and
quickly sold 10,000 shares of common stock (no par) as
a
secondary distribution.
The price was $32.75 per
Inc.
30,000
surplus
under
$1),
(par
$447,997;
.
Lehigh Valley Coal Corp.—Earnings—
suit to enjoin the sale of the properties of the company to the
Telephone of Pennsylvania until "public" shareholders are assured
of their liquidating values plus accrued dividends was filed in Common
Pleas Court at Philadelphia, Aug. 4, by Robert D. Abrahams, attorney
for eight stockholders of New York City, who own $3 and $4 prefer¬
Taxes
;
94,905
242,500
478,000
Stores
A
;
charges,
Lee Rubber & Tire Corp.—New Director—
James
—99,759
Balance
Lago Petroleum Corp.—New Creole Plan—
Bell
Operating
$238,084; deferred
$100,000;
$737,801;
1945.
See Creole Petroleum
To Enjoin Sale—
ence
adjustments,
surplus,
6,724 723
$174,050; accounts receivable: trade (Including instal¬
ment sales contracts)
less: reserve for doubtful accounts of $2,209,
$26,120; advance payments on merchandise, $62,132; cash surrender
value of life insurance,
$87,243; merchandise, $1,023,203; merchandise
ip transit, $129,077; U. S/'Treasury notes—tax series
"C", $22,000;
U. S. Treasury bonds, 2%,
$1,700; accounts receivable from employees,
$4,529; advances to employees and others, $2,194; advances to lessors
of
share
per
Aug. 15 to
distributions
with a payment of 60 cents per share on Feb. 15, 1943, and
Aug. 15, 1942.—y. 158, p. 193.
compare
55
and
for
reserve
succeed the late John M. Dettra.—V.
announces
share
per
$251,985),
1942
$7,308,104
Assets—Cash,
total, $5,796,164.
$5,796,164.—V, 157, p.
91,166 shares outstanding on Dec. 31, 1942, to $30.10 on 100,087 shares
outstanding at the close of the period.
The
of
•
8,275,642
-
reserve
for amortization
1943
$9,072,839
——
"After
U. S. Government
$401,587; accounts
Liabilities—Accounts payable, $2,604,698; accrued taxes and insurance,
$107,903; Federal taxes on income (estimated), $747,766; contingencies
share on the 67,277 shares outstanding on June 30, 1943.
Net, assets of the Business Men's Investment Bond Fund, series B-l,
increased from $2,465,390 to $3,012,278 during the six months ended
June 30,
1943.
Net asset value per share increased from $27.04 on
Special Dividend—
(less
taxes
Inc.—Earnings—
31—
Preferred dividends
1943
30,
$132
profits
excess
$17,842), $997,572;
reserve
excess
"Prov. for accrued Fed. inc. & exc.
profits taxes
for contingencies—
$0.08
Federal
Jan.
Provision
for discounts, claims and doubtful ac¬
inventories, $1,597,218; other assets (in.cluding post-war credit of $57,100). $77,608; property, plant and
equipment (less reserve for depreciation of $695,342), $814,439; patents
per
60
trade
of
Federal
:
Balance
$1,050,000;
beginning of this
Net
Stores
Ended
Common
counts
and
1941
$464,393
$1.24
—
Cost of merchandise sold, sell. & gen. expenses-
37,558
;
Assets—Demand deposits and on hand, $1,634,333;
bonds and interest accrued on Government
$35,323;
the
Lincoln
Years
profits tax.
(less
■
Keystone Custodian Funds, Inc.—Net Assetsmore
depreciation
Sales
2,408
*1,673,578
$2,145,208
,
1942
$435,986
$1.48
income and
—
$137,124
■■—
Prov. for Fed. income taxes (est.)—
"Includes
1943
••$517,846
share
per
"After
2,393
$1,877,880
deductions
per
Subs.)—Earnings—
profit
.(Earnings
166,702
4,946
bonds,
Net income
:
$93,347
$69,741
Dividends applic. to pfd. stks. for the period—
—V.
1,917,053
$1,872,934
—
-
plus other income—
Net profit
(&
6 Months Ended June 30—
"Net
(On 350,140 shares of capital stock.—V.
157, p. 2044.
Consolidated Balance
Gross
•>
214,962
expenses.
;
profit
Earnings
oper.
revs.
income (net)
—
Life Savers Corp.
1942
$3,397,733
2,558,677
170,752
Depreciation
,
Net
sold—
Operating profit
Other
appropriation
goods
Other income
648,344
.
of
1943
$5,999,420
3,911,525
-
Sell., admin, and general
$7,315,024
:
sales
Cost
1943—12 Mos.—1942
1943—Month—1942
$734,614
revenues
Kingston Products Corp. (& Subs.)—Earnings—
6 Months Ended June 30—
Net
Kansas Gas & Electric Co.—Earnings—
v
579
S.
New
1560.
Gro§s
from
Net
ry.
Corp.—Transfer Agent—
railway
railway
oper.
income
$1,599,127
639,878
157,567
1942
1941
'1940
$1,341,685
584,024
244,328
$802,044
167,507
113,368
6,555,472
2,651,512
1,277,606
4,853,329
1,974,814
3,979,204
1,363,214
1,064,973
763,719
308,137
$650,995
218,575
From Jan. 1—
Gross
The Chase National Bank of the
City of New York has been appointed
transfer agent for the common stock.—V. 157, p. 730.
from
Net
from
Net
from
Net
ry.
tr
railway—
railway
oper.
ten
m
income
00
9,727,260
4,088,634
1,157,102
:
Louisiana Ice & Electric Co., Inc. (&
Period End. June 30—
Purchased
Operating
Maintenance
for
Prov.
59,802
:
.
21,424
21,851
95,000
80,637
—;—$96,321
$92,208
1,523
1,952
$94,161
acquisition,
until
'
income
Gross
Interest
on
funded
Interest
on
unfunded
of
Amort,
»•
and
exp._
taxes
discount
$198,188
June 30, 1943
Sheet,
Consolidated Balance
1,462
71,000
$59,506
$70,584
.'i->—
23,512
5,938
1,274
375
27,067
697
338
20,525
debt—
surplus
to
Balance
debt
and State inc.
debt
Fed.
for
Prov.
it
stated,
was
will
Miller's
broaden
the
tool
of
787.
Miller
it
company,
said,
was
have
been
"
■
2Vz% serial note (due April 1,
1944), $38,000; accounts payable, $79,835; customers' deposits (refund¬
able).
$47 379;
accrued interest, $2,907; accrued taxes—State, local
and Federal,
$79,432; other accrued items, $8,807; deferred credits,
$16 760'
reserves, $869,593; common stock
($1 par), $69,071; earned
surplus,' $255,457; capital surplus, $1,096,545; total, $3,209,787.—
157, p. 2045.
American
concern.—V.
156,
697.
p.
film
worked
mated
that
various
of
the
by
office
representing
$4,000,000,
motion
months
companies
picture
will
1943
bfe
thus
Gas
Electric
&
(Ky.) —FPC Orders
Co.
Write-Up Disposal—
The
new exchange plan
is similar to one adopted last year by Great
and
New
Zealand.
Originally Australia had followed the
example of Great Britain in freezing 50% of the earnings of American
film companies shortly after the declaration of war against Germany
in 1939,
(New York "Times.'?)—V. 133, p. 4168.
—
Co.—Liquidation—
its parent, North American Co., on July 29 filed
with the SEC covering the proposal of Traction to
liquidating dividend, in complete liquidation, all assets
the date of distribution to its sole stockholder, North
and
company
distribute as
held
a
it on
by
Co.
American
'
In
.
receipt of this dividend, North American Co. will cancel
representing 3,995 of the 4,000 shares of capital stock
Traction now outstanding and held by it, and transfer the. remain¬
is
of
subsidiary
a
Co.,, for $1.
American
North
and
Wisconsin
of
The
and
.
Railway.
and powers of Trac¬
tion against the possible future necessity of using the corporation for
the performance of segregated or divisional operations of Milwaukee
Electric.—V.
109, p. 72.
Co. to
Transport
V.
to
elected
been
President
the
as
a
Vice-President.
joining this
since
He
organization
1941.
He was formerly associated with J. & W. Seligman &
investment bankers, in New YOrk City.
The
directors
have
declared
the
regular
quarterly
dividend
of
50 cents on the common stock, payable Sept. 10 to holders of record
843,970
1,751,690
43,110
107,559
104,493
87,832
176,012
173,772
.-
Unci.
income
August,
for
prov.
152,878
152,163
286,035
261,469
$154,955
$229,529
Dr 231
$282,735
Dr2,059
' $389,758
£>rl,205
$153,750
$229,298
$280,676
$389,151
76,802
78,654
154,202
158,652
33,464
tax)
33,545
67,311
67,720
—_
declared
Gross
from
Gross
Net
Net
ry.
railway
railway-
from
income
oper.
55,085,705
18,233,443
11,491,037
47,542,633
11,756,352
7,777,681
From Jan. 1—
from
Gross
Net
ry.
—V.
income
oper.
158,
394.
p.
I
of
Net
from
from
ry.
—V.
essential
Net
ry.
Gas
County
150,
lirms.—V.
also
Co.,
2583,
pp.
operated
as
unit
a
other
with
from
ry.
ry.
for
$4,278,039
29,780
150,956
26,121
1,878,830
319,084
$4,014,012
1,789,506
298,168
59,521
$331,263
excess
Net
Int.
other
accrued
470,687
215,829
419,241
$5
on
$66,371
25,149
$694,473
24,746
298,761
Net
avail,
for
$41,222
$395,712
from
ry.
r
158,
13,461
161,530
161,530
380,890
220,677
176,067
21,522
152,253
143,990
93,027
*32,872
$331,252
$234,182
$27,761
,;
.
'
1941
.
v.
Net
from
Net
ry.
$106,837
*2,878
30,770
20,443
11,187
5,321
*63
of
31,
exceeding $105.41%
Aug.
retirement fund
holds
shares of 5 % preferred stock at prices not
share.
The trust company, as agent for the
1943,
per
established
$849,688.48
available
by the corporation for the preferred stock,
for the purchase of such preferred stock.
Acceptances will be mailed not later than Aug. 23, 1943, and certificates
representing shares purchased must be surrendered to the trust com¬
not later than Aug. 31, 1943, when payment will be made for the
pany
shares
purchased.—V.
158,
p.
291.
Metropolitan Industries Co.—$1 Distribution—
The directors recently
of
accumulations
payable
share
such
6 to holders of record July 27.
accordingly will receive an amount
Aug.
certificates
per
the number of preferred
on
certificates.
April 29,
A
>
declared a dividend of $1 per share on account
full-paid shares of preferred stock, par $5,
the
on
distribution
shares
of $1.10
last, compared with $1 on Feb.
per
Holders
of
equivalent
allotment
to
50
cents
originally called for by
full share
was
made
on
4, 1943.—V. 157, p. 1560.
(I.) Miller & Sons Co., Inc.—$2 Preferred Dividend—
The directors recently
of
accumulatipns on
able
per
declared a dividend of $2 per share on account
the 8% cumulative preferred stock, par $50, pay¬
19
1943, and on
750,731
667,464
569,357
196,262
167,310
142,833
114,599
38,927
—
62,990
51,517
37,553
income—
V. 158, p. 88.
to holders of record July
10.
This compares with $1.10
last, and $1 per share each on Jan. 21,
April 24, July 21 and Oct. 20, 1942.—V. 157, p. 2349,
on
April
Miller Tool
The
company
has
Manufacturing Co. for
Detroit
news
purchased
an
the
Court
RR.
Refers
Casket
;
»
Co., Inc.—Obituary—
1183.
p.
*
.
'
'
^
',3
*
dispatch.
July 28.—
-
National Oil Products Co.—Calls Debentures—
<
that $64,000 Pf its sinking* fund debentures,
called by lot for redemption at 102 and
accrued interest on Sept. 1, 1943, for the account of the sinking fund.
'•
The
company
has " also called for redemption on the same date
$42,000 of its sinking fund debentures, 3V.»%', due April 1, 1957, by
lot for redemption at 103Va and accrued interest on Sept. 1, 1943, for
3V4%,
Reorganization
due
of
account
sinking
the
r
fund.
redeemed at The Chase National
The debentures of both issues will be
V.
Moore of the U. S. District Court at St. Louis on
the reorganization plan he once approved back to
have been
1955,
Bank' of thd
referred
29
Interstate
said
Commission.
Commerce
he
did
so
because
of
developments since the
approval two
including the U. S. Supreme Court decision in the Mil¬
waukee reorganization case, the increased earnings and the fact "that
the plan was rejected by six of
16 classes of creditors and stock¬
holders."
"
*
;
'
-
City of New York, trustee, 11 Broad St., New York, N. Y.~
156, p. 2254.
-
A
-
•
-
suggested which contemplates distribu¬
compromise plan has been
Sell Memphis
Light Co.—Asks to
&
Generating StockAs
ago,
of $54,000,000 in cash in excess of that approved by the ICC in
pending reorganization plan and also provides for someWjiat better
treatment of the various security holders.—V. 158, p. 488.
Power
National
••
the
of
part
to
SEC
general
its
approve
liquidation program, company has. asked
its 3.500 shares of common stock of {€"
sale of
the
Memphis' Generating Co. to Memphis for $350,000 cash. / The proposed
purchase price is equal to the aggregate par value of the stock.
' ;
National now owns 50,500 shares of Memphis common, constituting
the .outstanding capital stock of that company.
Over a year ago
filed with the Commission a plan for Its dissolution in com¬
tion
all
the
National
from
1942
219,513
$587,779
347,209
*54,118
railway
Net
from
ry. oper.
railway
135,317
income
Gross
from
from
ry.
1941
$552,836
356,080
3,279,401
1,791,256
377,129
railway--
income...
♦Deficit.—V.
1940
158,
p.
88.
„
3,524,638
2,084,360
790,383
113,271
202,449*
2,524,982
1,543,354
751,734
2,550,722
1,525,618
756,081
U-V.
company
of
ager
the
elected
to
St.
the
headquarters at Everett, Mass.,
committee of the company, with head¬
Division,
pension
S.
executive
plan.
He
will
Commission
the
what National proposes
<*
and
Assistant
continue his
active participation in
the com¬
pany's business, however, in an advisory capacity to his successor.
•
Osborne
Bezanson,
Vice-President of the company and General
Manager of the Texas Division, with headquarters at Texas City, Tex.,
will
succeed
Mr.
Berninghaus as General Manager of the Organic
f.
' " '
The Texas
Karnack and
Texas. City, Tex., will be consolidated with and become a part of the
Organic Chemicals Division.—V. 157, p. 2451, •' ,H'J.■[[
i
with headquarters in St. Louis.,.;-.,Division of the company, with plants at
V
to do with the 47,000 shares
-
Since
of
the
;
outbreak of
the war this corporation has spent upwards
outlays entirely from its resources and with¬
Government financing aid, J. S. Morris, President, states in a
accompanying current dividend checks.—V. 157, p. 1745.
$14,000,000 in capital
any
letter
Power Consolidated—Expen¬
:
^
"•
•
.
—V,
r
■
'
_i
'V
"
*.
it'
'
V:
V
'
i
y.
Inc.—July Sales Up 18.9%—
«
•
v
1943—Month—1942
1943—7 Mos.—1942 ^
$2,529,635 $19,251,131 $15,951,270
Period End. July. 31—'
Sales
$3,008,357
i
*
.158,.^, 195,
>*<••'.•
J
'
\
•
'*
JV*1- 1
'
-v-.'.
City, Mo.^Registration—
•
statement (2-5191) for
Netherlands Hotel.
'
on Nov. 1,' 1927,
by McCanles Building Co. in the amount of- $600,000.
$36,000 of the
.aggregate principal amount has been paid, leaving $564,000 face
ramount of
bonds
unpaid and in default.
It is proposed that the
new
bonds aggregating $564,000 face amount? will bei exchanged for
the preseht
bonds now outstanding together with interest coupons
attached or appertaining to the same.--i In effecting the exchange each
Helen
Harrington
has
filed
a
registration
$564,00Q 10-year first mortgage income bonds of the
The first
mortgage bonds were originally issued
bondholder
will
bondholder.
make the
None
exchange will
will
exchange on
be
sold
for
the same .basis as every other
cash or other 'property
and
be made only with bondholders.)
*
,„••
/
1;
Nevada Northern Ry.—Earnings1943
June—
Gross
out
In
the
•
Chemicals Division,
Montreal Light Heat &
23,- 1941.
dated Aug.
Exchange
all
of
Netherlands Hotel, Kansas
Louis.
Dinsmoor,
Securities
coiripany
with
General Manager of the Organic
Chemicals Division, with headquarters in St. Louis, has been elected a
Vice-President of the company and will succeed Mr. Rand as General
Manager of the Merrimac Division.
''; r Julius A. Berninghaus, General Manager of the Organic Chemicals
Division, with headquarters in St. Louis, will retire on Nov. 1, 1943, at
age
65, a compulsory requirement under the company's retirement
Daniel
indicate
Neisner Bros.,
Aug.
Merrimac
quarters in
was
on
of
Commission order approving the sale by
outstanding securities of that organization's
Wholly owned subsidiary, West Tennessee Gas Co., was upheld Aug. 2
by the U. S. Circuit Court of Appeals.
The order had been attacked
by Samuel Okin, holder of 9,000 common shares of Electric Bond
and Share Co., which owns 46.6%
of National Power and Light Co.'s
rcommon
stock.—V;. 158, p. 488.
i\•
A
In Personnel—
3 announced the following changes in the
organization, all effective next Nov. 1:
1
William M. Rand, Vice-President of the company and General Man¬
The
order
SEC Order Upheld Here—
the
/
Monsanto Chemical Co.—Changes
;
the
Memphis stock which will remain after the proposed sale.
of
$410,150
243,275
i-
railway..
oper.
with
not
does
1943
$385,379
June—
pliance
that plan National stated it proposed to dispose of its minor investv
ments, of which stock in Memphis is one.
The present application
Monongahela Ry.—Earnings—
Detroit—Acquisition—
the outstanding stock of Precision
undisclosed cash consideration, according to
*
Judge George H.
20,
& Mfg. Co.,
'
payable and a reduction of
in sales and in provision for "taxes;—
■t'y;:•'
488.
p.
157,
the
Pacific
ditures—
a
accrued taxes,
in
1942
.
,
.
July
share paid
.
agreement of Oct. 31, 1942,
$8,700,000
The company' announces
1,112,225
railway—_
V.
12,158
*16,814
income
1—
railway
.
$84,657
oper.
♦Deficit.
Melville Shoe Corp.—Seeks Tenders of Preferred Stk.
as
158,
•
•
increase of $865,000 in accounts
an
this amount
The
tion
proceedings for 1942 the comunder which an additional
agreement
new
.
paid
company
shows
'
1940
$124,318
railway
oper.
Net
Irving Trust Co., One Wall St., New York, N. Y., will up to and
including Aug. 20, 1943, receive bids for the sale to the above corpora¬
a
Philip B. Heintz, President, died at Centreville, Mass., on
1942
$171,840
From Jan. 1—
$21,648
into
88,
p.
railway
from
Gross
com¬
88.
p.
588,205
1943
from
Net
158,
*22,045
682,808
321,210
income—
From Jan.
$492,782
13,461
stock
mon
—V.
*13,114
16,238
Missouri & Arkansas Ry.—Earnings—
Gross
...
Ral.
$52,419
27,492
June—
Net
Stock
$92,065
855,321
railway.
oper.
ry.
1940
1941
1942
post-war
v"
in December, last year, in respect of
1942 profits.
This was revealed in the company's annual report.
t
In anticipation of the further redetermination of war contracts, the
company had included the entire amount of $865,000 in the provision
for Federal income and excess profits taxes. . As a result of the refund
to the Government the revised balance sheet arid
income account
*
railway
Deficit.—V.
r
500,000
$1.30
payment of $160,532 ($865,000, less Federal income surtax and excess
.profits taxes) was made to the Government, according to a report
filed with the SEC.
4
,
1
>
»
National
$797,093
304,311
pfd.
entered
has
pany
further renegotiation
of
result
a
the
$117,605
39,084
25,366
income
oper.
from
Net
494,175
208,793
$59,855
_______
deductions
income
Net
706,170
20,898
32,151
$35,109
earnings
&
Div.
reserve
36,466
17,923
39,877
—
retire,
849,092
36,287
11,795
$129,681
railway
-
1941
$651,334
rj
Co.—Renegotiation-^
National Cash Register
As
,
railway
from
Gross
years
1,701
Maintenance
Prov.
2,443,879
488.
1943
from
from
July
$332,963
—
and
profit taxes
3,313,422
income—
oper.
June—
Gross
$3,991,990
22,022
157,917
income
Fed.
13,462,990
Under the terms of the first renegotiation
1943—12 Mos.—1942
2,045
Operation
taxes
15,445,081
3,561,208
1,653,817
Plan Back To ICC—
$364,873
income..
revenues
General
railway
158, p.
He
Gross
railway
500,000
$1.21
.
653,026
357,960
four
$4,250,496
27,543
$362,828
revenues..
Non-operating
18,828,162
4,497,523
2,469,516
21,253,568
5,552,572
income—
1942
$220,951
500,000
$0.44
1943
$604,205
—
♦After depreciation, provision
for general contingencies,
adjustments and Federal income taxes, etc.—V. 157, p. 2254.
$2,540,284
571,599
$3,174,448
1,036,989
666,963
$3,497,537
928,053
"609,467
railway
Missouri
1943—Month—1942
period End. June 30—
30,434
$132,345
Earnings per share-
Mississippi Central RR.—Earnings—
2886.
Marion-Reserve Power Co.—Earnings-
30,486
$28,677
Quarter Ended June 30—
1940
1941
1942
$3,786,337
1,041,391
railway
oper.
from
—V.
S.
P.
15,648
$101,451
National Acme Co.—Earnings—
710,590
218,719
From Jan. 1—-
Net
Commission recently approved the merger
of the
Manufacturers Light
and Heat Co., Manufacturers Gas Co.,
Pennsylvania Fuel Supply Co. and Greensboro Gas Co. into a new
corporation—the Manufacturers Light and Heat Co. of Pittsburgh.
The
Commission
approved the purchase by the new firm of the
Pennsylvania
oper.
976,900
466,475
♦Net income
1943
from
Net
Manufacturers Light & Heat Co.—Merger—
Total
1,779,054
production
war
15,925
$27,559
deductions
income
—V. 157, p. 2046.
42,499
4,241,228
2,346,895
railway.
income
from
Gross
Fayette
96,705
4,852,392
June—
Net
during May, June and July showed
some decline
in many industrial areas, the production in Mack plants
remained
at
peak
level,
the corporation announced.
The plants
received the original "E" flags six months ago.—V. 157, p. 2045.
a
78,745
6,218,333
1,700,012
1,145,723
157, p. 476.
Gross
*
The
220,579
Minneapolis, St. Paul & Sault Ste. Marie Ry. —Earns.
plants.
4
Net
124,215
,
1—
railway
From Jan. 1—
flag to the corporation's three
plants in Plainfield and New Brunswick, N. J., and Allentown, Pa.,
were
made simultaneously this week in short ceremonies held at the
and mis¬
expense
$710,253
7,125,457
income—
«
£>r607
discount
Outstanding common shares
Inc.—Get Star "E" Awards—
Award of the Star addition to the "E"
While
194,777
oper.
Net
s
1941
$889,003
railway.
Jan.
Net
Mack Trucks,
of debt
cellaneous
1940
1942
189,622
of Lukens
his own business as a con¬
interest
and
$1,001,391
debt-
long-term
on
Other
317,207
railway
oper.
ry.
From
Net
Assistant
Jr.,
directors
Chapman, who has resigned to establish
sulting engineer.—V. 158, p. 394.
:
Int.
—
(net)
income
Gross
payable
both
1943
from
from
Net
to the President and a member of the
Steel Co., has been named President of
Lukenweld, Inc., a subsidiary which fabricates welded structures for
use in marine and industrial machinery.
Mr. Huston succeeds Everett
Huston
L.
C.
respectively,
$1.06,
shares,
$1,153,059
June
Net
Gross
President of Subsidiary—
Lukens Steel Co.—New
board
and
*
75,729,999
28,712,420
10,025,684
103,085,736
46,384,059
13,178,430
railway
railway,.
from
Net
$1
preferred
C
20.—V. 157, p. 2451.
Minneapolis & St. Louis RR.—Earnings—
Net
194.0
$7,790,288
2,028,306
1,386,290
series
Other income
Amort,
Net
1943
1942
1941
$17,022,661 $14,533,316 $10,268,084
7,974,207
6,295,715"
3,859,419
2,189,196
1,662,324
2,444,359
and
B
of
dividends
quarterly
series
on
to holders of record Aug.
1
Gross
June—
Regular
25.
were
Operating income
■
$2,557,371
1,627,879
$2,604,031
88,177
_—
$1,356,604
48,062
expenses
Taxes
m
$1,368,855
924,783
____
Operating
in
-
1943—12 Mos.—1942.
1943—6 Mos.—1942
revenues
Depreciation
has
Wilson
Assistant
paving the way for
dispatch stated.—
are
Denver
Suffolk Lighting Co.—Earnings—
Nassau &
Operating
has
M.
a
~
•Maintenance
as
and
194.
p.
Minneapolis-Honeywell Regulator
Co.—New
VicePres.—Declares Usual Quarterly Common DividendAlfred
stock
in capital
increase
an
equipment following the war
when the funds are required,
renew
158,
Period End. June 30—
{
served
approved
2
does not plan
company
financing
the corporate name
preserve
Aug.
on
shares to 1,000,000 shares, par $100 each.
to issue any hew stock until such time
as the additional capital
is needed, according to Fred Reid, President.
Company officials anticipate large capital expenditures to recondition
Transfer of the five shares are to enable Milwaukee Electric
&
stockholders
from 500,000
which
Power
Electric
Capitalization Approved—
The
certificates
of
Co.—Increase
Mountain States Telephone & Telegraph
Following
which it relies.
Denials which are general and unsupported by
specific facts will not be considered as complying with this order and
may result in
the entry of a final order on the ground that the
response has raised no issues requiring a hearing."—V. 157, p. 2350.
Louisville & Nashville RE.—Earnings—
•
joint declaration
a
Sept.
upon
future.
near
The
V
Milwaukee Light Ileat & Traction
show cause within 30 days why it should not be
ordered by the Commission to dispose of over $20,000,000 in write-ups
and other amounts representing excess over original cost.
The order
states that "Louisville's response to this
order shall be in the form
of an offer of proof and shall set forth with particularity the facts
to
company
the
in
Britain
Aug.
its order directing
Commission announced July 20
The Federal Power
the
the
six
50%' of profits earned by
durong
1942 and the first
remitted
Co.,
Louisville
r
Australia
will be unfrozen has
Australian Government, according to word
of the above corporation on July 27.
It is esti¬
companies up to June 30,'1944,
out
received at the
averaging
Liabilities—Long-term debt, $646,000;
V.
to
been
the
'
monetary agreement under which all money owing in
A new
the auto¬
America,
Motion Picture Producers & Distributors of
*
Inc.—Film Funds Unfrozen—
activities,
for
concerned mainly with work
have been
now
ing five shares to Milwaukee Electric Railway & Transport Co.,
organization ex¬
pense
and other assets,
$4 073;
cash,
$302,919;
temporary cash investment—U. S.
Govt,
securities,
$18,500;
notes
receivable (including accrued interest),
$2,398; accounts receivable, $214,699; materials and supplies, $45 451;
prepayments—insurance, taxes, etc., $20,541; $17,300; total, $3,209,and equipment,' including
and other intangibles, $2,583,906; investments
property
Assets—Plant,
with
industry.
Sales
$297,064
taxes—
income
Other
primarily
business
approximately $175,000 monthly during the past six months, and those
of
Precision Manufacturing Co.
have averaged about $90,000.
It is
stated the Precision company will be a wholly-owned subsidiary of the
6,470
$97,844
5,700
The
which
does
certain
handling
motive
Co.
manufacturing special tools, jigs and fixtures, and
types of production work on aircraft parts.
industry,
also
Miller
Operating income
Manufacturing
Precision
The
aircraft
$290,595
income
23,750
23,750
*
than
other
Taxes
36,823
—
$1,907,939
119,316
1,189,168
133,222
$589,238
22,984
368,643
replacements
renewals,
retirements
and
Subs.)>-Earnings
1943—3 Mos.—1942 12 Mos., '43
,
revenues—$532,784
power
34,815
expenses
—.
319,652
Operating
■»'*
Monday, August 9, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
580
Net
Net ry;
.
1941
v."
1940 V
$59,008
$62,923
$54,297
railway™—•;*11,364 " f ; 27,386
oper.- income—
11,996
13,587
;; 34,406
28.371
from
railway™—
$39,226
from
12,632
10,843
345,320
355,523
159,275
95,078
132,586
From Jan. 1—
Gross
from
Net
from
Net
ry.
—V.
railway—322,953
railway-148,228
income—.
71,446
oper.
158, p. 89.
•
355,798
172,467
77,617
197,448
*
Volume
Number 4201
158
THE COMMERCIAL & FINANCIAL CHRONICLE
in view.
New England Gas & Electric Association—Output—
.
For
of
the
ended
kwh.
production
year
•
as
week
12,652,542
above
ago..
1
July 30,
This
of
is
this Association
increase
an
11,753,397
kwh.
7;''
..
of
corresponding
week
a
Period End. June 30—
>■
Ry.
of
oper.
Maint.
reports
number
of
hours
kilowatt
Maint.
of
equipment..
available
for
its
Miscell.
General
ter¬
operations
•
7
•
Aug.
16.
and
like
A
in
each
ry.
Railway
oper.
248,103
tax
revs...
224,191
$4,883,392
$1,019,201
$1,121,270
$7,174,536
648,457
583,242
4,326,286
a
DM6,892
DM3,260
Dr81,922
income
$1,650,766
$1,691,251
(bal.)
54,030
Dr3,895
Net
was
disbursed on March 1 and June 1, last,
during 1942.
A year-end dividend of 50 cents;';
paid on Dec. 29, T942./:??7Y7,7'^v.'?:7. - 7V/.77 -77
the
quarterly
regular
dividend
of
157, p.
oper.
inc.
Gross
(net) ;
items
income
157,
—$1,528,660
,
special meeting of the
modification
of
the
lease
amendments
to
the
leases
the Hudson
River
Stockholders
properties
RR.
dividends.
payable
of
its
At
several proposals
the
with
the
of
York
New
Toledo
Harlem
&
Ohio
&
RR.
Co.
and
Ry. Co.
Central
and
period
also
be
franchises
there
present
asked
of
the
to
St.
only
are
shares
161
St. Joseph South Bend & Southern outstanding in the hands of the
public, for which the New York Central will pay $22.50 a share, or
such
other
amount
as
be
may
determined
by
arbitration.—V.
a
of
program
dissolution
under
158,
Described
as
affording
"the
company's situation
New York Chicago & St, Louis RR.—New Members of
Executive Committee—
under
American's
system
The
plan
In
William G.
Rabe, Vice-President of Manufacturers Trust Co. of New
director of the above railroad, has been elected a member
a
Period End. March 31—
IND
Divisions)
1943—Month—1942
1
tion
Operating revenues
$10,963,486 $10,581,640 $92,461,803 $87,458,461
Oper. exp. & rentals..
8,804,586
8,306,716
75,085,950
72,214,028
of
ithe
____
$2,158,900
oper
Non-operating income..
$2,274,924 $17,375,853 $15,244,434
32,243
33,739
296,494
—V.
of
revs,
U.
$2,191,143
the
the -Act,
solution"
the.plan proposes
to
of
into
four
separate
divide
is
voluntarily
sound
business
to
units.
liquidate
still
and
and
values
dissolution,
for
the
April
14,
to
as
provide
after
other
1942, -the
greater
a
to
the
bank
or
SEC
Issued
order.
S.
public
Circuit
utility
Court
system.
of
This
Appeals
for
order
the
the
Second
Circuit
in
Subsequently, the company appealed to the U. S.
Court, but because of the lack of the necessary quorum of
participate in a decision, the case has not been
argued.
Niagara Falls Power Co.—Calls Bonds—
"It
of
case
the
bonds,
coupon
all
interest
Wall
St..
New York.
N.
subject
The
held
writedown
of
what' the
Federal
controversey
involved
elimination
company's capital account, all carried
three
of
companies
of which
out
from
over
it was
of
items
the
capital
formed iby
from
to
seems
have arisen
been
finally
closed,
said
that he
would
for
accounts 7
the
being
the
in
not
to
understood
where
justices:
to the petitioner
(Niagara)
to prove
.'non-project' lands.
The case has not
the Commission's witness in his testimony
"We
are
burden
not
is
offered for
succeed.
have,
upon
unusual
nothing
however,
to
which
to
do
submit
plan
a
setting
of
the
underlying
forth
senior
securities
in
such
a
by
way
to
stocks
the
to
holders
of
the
stock
common
?.
;?7:.
Plan
of
7^ '7..?^''
the
and
the
eventual
holders
forms
of
of
its
distribuiton
common
of
stock,
its
principal
"with
investments
minimum
a
of
sales
liquidation."
agreement, subject to SEC approval, was reached by the
company
Aug. 3 with a group of banks for a five-year 2% loan of $34,881,500
which will be used to retire the present
outstanding 33/4% and 3'/2%
with
Under
the
company,
(1)
would
four
be
regional
holding
companies
Regional
Co.
of
Company,
to
hold
common
stock
of
the
as
Union
Missouri.
of
Wisconsin
holdings of the
(4)
representing
North
consolidation, questioned the distribution of securities proposed under the reorganization plan recently submitted by Niagara Hudson.-"
?,;??■
\ Referring to the points raised,- Randall LeBoeuf, general counsel of
Niagara Hudson Power Corp., asserted: "Honest differences of opinion*
are not unlikely' to develop from the complex task of
consolidating the
Niagara Hudson System into a single operating company. The interests
of nearly 120,000 stockholders of nine different classes of stock and
proposed
to
Light
Co.
Company, to hold common stock
part of North American's present
,
and
stock of Pacific Gas and
common
American
to hold
pany),
Regional
Power
Regional
Electric Co.
7
7
Company
(to be the present com¬
Washington Railway and Electric Co.
Power
the
United
Blue
Corp.,
investments
of
tens
of
thousands
of
holders
of
eleven
different
-callable bond issues, are involved in ;the proposed reorganization.
"In
and
by
treatment
consumers
,
"We
.throughout
we
have
of
realize
One
concern
is
across
a
solution
protection
and
great
industrial
the middle of New
corridor,
its
of
York State from
Niagara to
.
fully
anticipated,"
it
among
would
be
the
LeBoeuf
many
impossible
which
without
and opportunities
-
continued, "the inevitable
of security holders but
any reorganization plan to
groups
for
We have tried to
reach
would
give each group the full benefit to which it is
depriving any other group of its proper safeguards
for reward from the Niagara Hudson System's future
operations. We have been free to work out this plan with that purpose
be
North
Pacific
known
the
as
American's
Gas
and
Electric Co.
"Liquidating
interest
the
in
Company,"
North
North
American
ican's
7
Provided
,71*
'77
subsidiaries
and
part
upon
of
is
7?'
would
the
paying his proportionate share of cash necessary to
of
amount
indebtedness
and
preferred
stock
outstanding
ranking ahead of The North American common stock.
7, On the basis of May 29, 1943, market prices used in the
plan,
estimated
that
stock
mon
$19.16
assets
behind
each
share
of
North
American
retire
and
it is
com¬
to
$30.83,
against
which
the bank
loan
and
stock outstanding amount to $11.67,
leaving an equity of
sharp,of North American common stock. These underlying
preferred
assets
the
amount
per
would
include
common
stocks of
Union
Electric Co.
of
Missouri,
Electric Illuminating Co., Wisconsin Electric Power
Co.,
Washington Railway and Electric Co., and Pacific Gas and Electric
Co.i and shares of stock of the Liquidating Company to which will
The
Cleveland
have
stocks
been
of
After
transferred
the
five
American's
assets
all
the
underlying
termination
of
would
investments
public
the
initial
be
divided
other
than
the
the
.
four
regional
Gas
Electric
&
for
stock,
Electric
every
held.
stockholders
In
lieu
of
of
record
fractional
100
.7
Sept.
shares
3,
of
the
share
a
regular
6%
quarterly dividends of 7>«
and 53A% $50 par value
the
on
record
holding
Co.—Hearing Aug. 13
-7':'"-7-
..•■•'
the
remainder
of
the
J7;-777;:"
Light
&
proceeds
" 777
Power
Co.
to
North
7-*,,7.777.
American
:•
.
,-x
will
be
proposes
credited
its
on
income
note,
dated
statement
13.
It
for
the
year
ending Dec.
31,
1942
was
operations during this period
after provision for Federal income
revealed
that
net
the
sale
extension
non-recurring profit of $105,899,
certain
aircraft, engines, equipment, and
development costs were written off during
of
and
year.' In addition,; there was written off the unamortized balance
31, 1941 in the pfbperty and equipment acquisition adjustment
and
a
contingency reserve of $20,000 was established.
At
surplus totalled $43,393 as compared with a deficit of
31, 1941.
S
J.
Solomon, President,
describes the company's comprehensive
planning for future development.
He points out that in January 19437
the company filed a petition with the Civil Aeronautics
Board request¬
ing a prompt hearing, on all New York-Boston applications.
As a
Dec.
31,
$56,624
'result
1B42
Dec.
on
of
that
hearing for
r
Moreover,
national
air
March
petition
the
Civil
Sept. 7, 1943.
Northeast made
Aeronautics
77r?;.
plans
to
.
Board
•
7;
has
set
such
a
■
participate
In
post-war
inter¬
transportation by applying to the Civil Aeronautics Board
1943, for authorization to operate over various routings
16,
between
Boston, Mass.j-London, England; Glasgow, Scotland; Paris,
France; Reykjavik, Iceland; Oslo, Norway; Stockholm, Sweden; Copen¬
hagen,
Denmark;
Prague,
Czechoslovakia; Leningrad, Russia;
and
terminating at Moscow,
On April 8,
1943 it
vide
for
Board
towns
the
application
Russia.
~ '7 7/- 7
application to
-777?-cr' 'V?
further
made
certiiicate
a
of
convenience
and
'v7;7.:-7'r-7
the
Civil
necessity
in New
continue
The
the
to
be
company
Air
be
amended
to
include
service
passenger
operating
when
activities
devoted
is
Transport
Income
Total
pro¬
service by helicopter to more than 400 cities
England and southern New York and indicated that *;
would
development of the helicopter makes such service practical.
;77*: Mr. Solomon stated that the largest part of Northeast's
won.
' ..//•
Aero¬
to
mail
and
express
and
to the war effort until
peace
has been
operating both in foreign and domestic service
Command.
Account,
Year
Ended
Dec.
31,
i 7
1942
.
7
revenue—-.,.——$2,122,266
flying operations.—1,297,257
Conducting transportation and
••■'/Maintenance
Provisions
Traffic
Taxes
and
repairs™
•
depreciation and amortization
for
and
and
other
Net
7
.
income
88,313
7'
administrative—.—
than
322,618
——
advertising.——.—,
...
—
operating income
:
and development costs charged off—...
$135,424
17,569
Interest expense
Other
7,636
deductions
Provision
for
60,811
177,211
taxes.—7'..,, 40,633
Extension
1,871
Federal
income
taxes.
31,250
——
7:7 Net profit for year...—.7—__l__
'7? 7 ';••?' •"•., 7? .'77.77;;
$77,097
Balance Sheet, Dec. 31, 1042 7?Y '
Assets—Cash
in banks, $272,474; receivables, billed or accrued, $1,inventories, $80,283; property and equipment (less reserves
and amortization of $91,194), $394,181;
deposit in
escrow under lease agreements, $50,000; prepaid expenses and deferred
Kcharges, $39,262; total, $2,064,861. v ^77..7,'?7,
'7•
" ;7';V7,.
228,661;
for
depreciation
Liabilities—Notes
accounts
$31,250;
payable,
payable
to bank
under
$353,595;
accrued
Federal
other Federal
and State taxes
loan
agreement, $850,000;
normal tax and surtax,
accrued,
$15,834; other current
deferred income and liability, $2,118; reserve for
$20,000; common stock (par $1), $300,000; premium on
stock
(excess over par value of proceeds of stock issued in.
liabilities,
$1,312;
contingencies,
common
1941,
1940,
common
utility companies just named.
60-day withdrawal period North
among
to
SEC.
declared
American
plan, each holder
have the privilege of obtain¬
underlying stocks of North Amer¬
surrendering his North American common
stock
common
proportionate
shares
the
Privilege
the
1
profit of $77,097
addition, there was a
In
General
period of CO days following approval of the
a
ing his
fair
transmission
-
interest
that
this
prevent or reconcile those differences entirely.
entitled,
the
hold
of
Corp.
7,7* For
•
all the various classes of security holders.
Their further
the maintenance of the Niagara Hudson System as an
highly efficient power system which serves over 750,000
lines stretching
the Hudson.
-conflict
.
to
company,
stock
"Take-down"
of
is
integrated,
purpose
objectives.
two
&
common
of
Co. and other holdings in miscellaneous
non-utility
including West Kentucky Coal Co. and 60 Broadway Build¬
This liquidating company would be owned jointly
by the
four regional holding companies.
77 7 ' ' '7 7.7,
'7'.7
7/7.
for submission to the SEC, in compliance
with the Public Utility Holding Company 'Act- of 1935,
the Niagara
Hudson and Buffalo, Niagara- and Eastern managements have been
prompted
fifth
stock
concerns,
ing
this .plan
preparing
the
part of
A
common
common
Pacific
and
Dec.
for
Michigan
Electric
the
on
the
Co.
July
a
lrom
Ohio Regional Company, to hold common stock of The Cleveland
Illuminating Co.
Ridge Corp., American Cities Power ' & Light
Corp., Buffalo, Niagara and Eastern $1.60 preferred stockholders pro¬
tective committee and certain Buffalo banks, while not objectihg to the
The
in
Electric
Wisconsin
of
Co.
annual
All
will
Union
(2)
On Consoli¬
counsel
there
follows:
(3)
operating
plan
stock
common
which amount
public
nautics
An
daring,
of
Gas
Northeast Airlines, Inc.—Annual Report—
The
on
brief,
other
ol
7;
1,
account
disso¬
^
'
,
1937, payable to North American Light & Power Co., on wnich
is $425,000 and accrued interest.
North Amer¬
ican Light & Power Co. proposes to surrender tha
note, and to make
a
capital contribution in the amount of the balance remaining due
thereon.—V.
158, p. 195.
at
*'?
17 ?7' ^'7:: - ■ 7.7 7
dividend
a
Pacific
■'/V-'/V'■
$50,000
the
avoid
until
7
amount
case
set
Power
taxes.
means
a
in
assets.
August 13 for hearing on company's amended plan
The proposed plan involves stock sales and transfers
Traction Co., Western Illinois Ice Co. and Union
Service
arising
other
1
of
paid Oct.
cents
has
parts.
providing
and
as
underlying securities on the market
liquidation, to the extent possible.
Dividends
shares
common
share
be
also
717/b
American
resulted
i,,wr
asset- value,
the
of
the present balance due
argument."
maximum
by
Electric
distribute
&
Nov.
Company.
company
or
is
Power Corp.—Hearings
single
and
to
and
enforcing compliance with this order
subsequent orders as it should issue
Outline
hearings held at Syracuse before the P. S. Commission of New
York State,
concerning the proposed consolidation 7of the Niagara
a
un¬
Commission
the plan proposes to enable The North American Co. to
itself of the major part of its
utility investment by a method
which
contemplates the retirement of the senior securities of the
x
System into
thereby
and
the
to sell the stock of
Western Illinois Ice Co. thus acquired to Union
Service Corp. for
$93,000 in cash.
Western Illinois Ice
Co.
proposes
to
pay
North
American Light & Power Co.
a
sum
equal to the amount of cash
on hand or
on
deposit on June 1, 1943, amounting to between $45,000
"(3)
In
At
Hudson
the
as
and
Traction
North
-
by which holders of common stock who wish
may obtain direct ownership of their proportionate shares of
underlying securities which constitute the assets of The North
Electric
Niagara Hudson
proceedings
and
risks
the
debentures.
alone
dation—
action
to
company's
Provide
among
and
court
in
holders
in
American's
proposes to sell to North American Light &
1,500 shares (par $100) of the common stock of its sub¬
sidiary, Western Illinois Ice Co., a non-utility company, for $93,000
in cash.
Illinois Traction Co. proposes ultimately to use the
proceeds
of the sale to the extent necessary to retire its
outstanding preferred
stock at par and dividends and
upon the dissolution of Illinois Traction
Co.
.
divest
it."
unusual risks
affirmative
no
North
Co.
Light
so
lution."
-*■'
Congress,
the
the
forced
underlying
such considerations; they
given power to measure and
balance conflicting economic interests."—V. 157, p. 2351.
for
tire
such
on
to separate
the
the
whether it will
security
Continue
American
approval
Illinois
Power
January,
Supreme
Continue the regular distribution of the income earned on the
company's underlying assets, through dividends in cash to the holders
of
the
preferred stock until retirement and
through dividends in
so
that
take
its
of
will
directors
Illinois
,
*
on
incentives
they
the
of
do
the
Niagara's complaint that the order would "stifle
the very breath of Industrial progress" made by "adventurous spirit,"
the court opinion stated tnat "no community can advance in the arts
if
to
and
initiate
hear
to
American
record.
Commenting
to
retirement
of
"(2)
in
'project' from 'non-project' lands.
after the hearings were closed, but his report
Considering that, as we have said, the Com-?
mission's jurisdiction pro tanto depends upon the issue, we do not think that the petitioner should be foreclosed from 'making its
proof, it
"Apparently he did
:
Is
(1)
plan,
involuntary distribution
any
Aug. 3 declared
Corporation.
the
1942, and such
section 11, or
(2). to prepare
forms
way that justice requires
a
the
when
the
liquidation.
with
one
Objectives of Plan
sales
were
and
try
in such
fit
>"(1) Preserve
given
opportunity be
part of the lands
an
divest
of
the
.
"The issue
heard
for
com¬
xMr. Shea pointed out that North American's directors in
formulating
the plan, had endeavored to accomplish the
following:
"<>»* :
The court opinion, written by Judge Learned Hand and concurred
In by Judge Jerome N. Frank and Judge Augustus Hand, who wrote an
additional opinion, stated:
what
be
Under
North American Light & Power
practical
either
'";j
1919.
that
or
to
and
made
the
consolidation
"Unless
14,
available
......
court
will
loan.
preferred stocks, respectively, payable Oct. 1 to stockholders of
Sept. 10.—V. 158, p. 195.
' 7 ,,.'; : 7
7V. 158, p. 195.
method for compliance with the
requirements of section 11
Holding Company Act."
7 In
submitting the plan to the Commission, Mr. Shea said, "the
company expressly reserves the right to proceed with argument before;
the Supreme Court at any time when a
quorum of justices may be
Com¬
Power
appeal
detailed
of
legtimate original cost" of the com¬
pany's properties-as of March 2, 1921.
-I,
The court pointed out that the case has not been finally
closed,
the decision excepting the inclusion of "non-project" land items in
the determination of the original cost.
The
April
a
Y.-
represents
out.
company
attendant
see
under
"actual
the
was
the
should
An order issued by the Federal Power Commission on June
9, 1342,
directing a reduction of the capitalization of comoanv to $24,680,680
was
unanimously affirmed July 30 by the U. S. Circuit Court of
mission
this
the Fall,
in
convenes
pointed
certainties
coupons'
Circuit Court Affirms FPC Order—
Appeals.
Shea
alternatives:
maturing on or after the redemption date, at The Marine Trust Co.
of Buffalo, trustee, 237 Main St., Buffalo, N.
Y., or, at the option
of the holder,
at the offices of J. P. Morgan & Co. Incorporated,
23
whether
,.
-
the
known
to
during
,
ever be heard,"
Supreme Court reverses the
Judgment of the Circuit Court of Appeals, the decision of the
Circuit
Court affirming the order of the Commission is linal.
7
Accord¬
ingly, the board of directors has been faced with
two
Mr.
,
in
not
Supreme Court
Holders of first arid refunding mortgage bonds, 3J/2
%, series of
1936, due March 1, 1966, are being notified that pursuant to the
provisions of the mortgage trust indenture, $642,000 principal amount
of these bonds are being called for
redemption on Sept. 1, 1943, at
IOOV2, together with interest accrued from March 1, 1943, to Sept.
1,
1943.
7?'7:?
/
On or before Sept. 1, 1943, the bonds to be redeemed
must be sur¬
with,
is
similar
follow
effective.
of
by
affirmed
was
1943.
$2,308,663 $17,672,347 $15,559,264
North
Gas
The
cents
stockholders
directing
on
form
dividend
The SEC
an
becomes
preserving maximum underlying asset value and pro¬
by which the common stockholders may obtain direct
rate of one
of
The
sources."
to
rendered
the
status
plan
withdrawing his
manner
may
stock, cash will be paid at the rate of 29
cents per
share of North American common, based on the current
market price of $28.50 per share
of
Pacific
Gas
and
Electric/ A
similar dividend was paid July 1, last (see V.
157, p. 1849).
conserva¬
the
let
to
the
a
dissa-
the
the
the
subject
maintains, that North
for
and
dis¬
stock¬
the
of
directors
at
Pacific
enterprise,
stockholders, rather than
a
plan less favorable
drift until
submitted from
be
so
ior
stockholders
be
its
,
of
dissolve
time before
American
shares
North
4 with the SEC.
choose
a
common
would
common
any
Common Dividend In Pacific Gas & Electric Co. Stock
the
independent
and
to
means
payable in
Co.
constructive
assets
Each
holders
continue
The
Public
pany. under section 11(b)(1) of the Holding Company Act, to
itself of practically all of its assets other
than the securities
314,830
over
operating expenses.
157, p. 2452.
not
and
integrated
Excess
most
The board has maintained,
Co.
company
might
On
Income from
of
.
filed Aug.
did
divestment
1943—9 Mos.—1942
sentence"
serving a useful and
important function in the nation's
economy.
However, faced with
the requirements of divestment of assets
and of dissolution, under the
law as interpreted
by the SEC, the board has believed it to be its
own
duty to formulate a plan setting forth a detailed method of
City Transit System—Earnings—
(Including BMT-IRT and
utilities
was
company.
American
of the executive committee of the latter.—V. 158, p. 489.
New York
"death
regional
company's principal assets, the plan proposes that
and, in due course, the regional holding companies
regular distribution of dividends in cash to the
holders of preferred stock until retirement and in the
form of under¬
lying stocks to the holders of common stock until dissolution.
'
explaining the plan, E. L. Shea, President, said, ''The: board
directors
•
York and
the
Utility Holding Company Act.
489.
p.
.??•;.7-•>;?.'
a
shall
completion of arrangements for a 2%
bank
loan
of
$34,881,500 which will be used to retire the
company's outstanding deben¬
tures, directors of the company Aug. 3 voted to submit to the
SEC
South
remaining
retirement provision would
correspond to
of the existing preferred
stock
the
addition
North
Retire
to
With
purchase of the>
Bend & Southern.
of the stock of the
the
approve
Joseph
In
ownership
Action—$34,881,500 Bank Loan
four
prices
proposed
Such
to
viding
Debentures—
stock,
stockholders
regional holding
its
stockholders.
underlying assets in
American's
involuntary dissolution
Order Under "Death Sentence"—Reserves
Right to Con¬
tinue Court
29
in connection with the
under
preferred
the
outstanding debentures of The North American
Co.,
$34,150,000, are to be redeemed at their call
the
tem—Proposes Four Regional Companies to Meet SEC
Sept.
Connecting RR. Co.
will
and
Co.
stockholders has been called for
of approving
purpose
of
to
of
of
.
$9,232,428
*
North American Co.—Submits Plan To Break
Up Sys¬
New York Central RR.—To Consider Leases—
A
»
obligations
shares
amounts,
Co.
To
for the
the
assume
their
outstanding preferred
stock
($30,317,950,
par
value
of
6%
series
and $34,819,000, par value of
53A%
series), to the extent that it is
not retired,
at par and accrued dividends, out of cash
paid in by
common
stockholders during the initial
60-day period, would be re¬
placed by an equal aggregate par value of
preferred stock of the
regional holding companies, carrying the same rates of
dividends as
the existing stock and to be retired
eventually at par plus accrued
Dr4,357
$1,511,040 $10,603,826
2452.
p.
amount
North
60-day
Present
income
,
Net
—V.
1652.
which
initial
amount
$11,418,901 $10,295,330
241,880
issue
holding company, at
have the privilege of
paying
would
means
$1,704,796
$1,687,356= $11,660,781 $10,290,973
Int. on funded debt—
176,136 v 7 176,316-\-1,056,955
1,058,544
77; ? '77? •--•••■
7?;7'- rV'77',
:"ipY7-1;- ,"■! -: ■
'■//'
■■■ "■?,
per share on the $5
cumulative convertible preferred stock, no par
value, payable Nov. 1 to holders of record Oct. 15.
A similar distri¬
bution is payable, on Aug. 2, 1943, to holders of record July 15, 1943.:
—V.
ry.
Other
$1.25
that
the
Dr49,473
rents
American
proportionate
$7,432,970
2,911,833
facility
and
Proportionate
By this means, each of the
companies would become independent of
the
lution,
1,374,225
3,762,122
ln
company would be dissolved and
tributed among its own common
holder of each regional
$32,298,590 $28,562,352
25,124,054
21,129,382
2,058,589
amount
declared
1,449,247
7
accruals..
Jt.
quarter
per share was also
The directors also
198,518
$3,077,790
•
respectively
agreement
stock'
others, and each
own a
single integrated public utility system.
Eventually upon
of
its indebtedness and
preferred stock, in
accordance
retirement provisions set forth in the
plan, each
with
948,613
Ry. operating income
Equip, rents (net)
dividend of 50 cents per share
payable Sept. 1 to holders of record'
$1,
14,085,177
329,060
would
retirement
13,777,109
7 v,77
Net
Newport News Shipbuilding & Dry Dock Co.—-Divs.—
declared
15,011,581
1,030,000
16,661,625
58,272
...
.
The directors on July 28
on
the common stock, par
loan
North
would
6,629,060
40,989
-
7,304,899
166,630
2,348,179
175,108
2,644,881
expenses
.
,"
which
bank
The
holding
'•
$74,085,003 $65,575,055
2,550,845
2,584,033
:
line...
rail
1943—6 Mos.—1942
$10,054,270 $11,419,374
1,266,084
1,205,149
struct.
way &
Transport,
5.53%—;
ritory for the week ended July 31, 1943, as 62,959,243 compared with;
59,657,430 for the week ended Aug. 1, 1942, an increase of 5.53%,,
.'Output for the preceding week was 63,873,378 kwh., an increase
of 9.01% over the corresponding week last year.—V. 158, p. 489.
-
;
the
of
1943—Month—1942
revenues....
of
Traffic
New England Power Association—Output Up
Association
581
companies
common
July 30 week is reported at 95,754,000 cu. ft., an
5,594,000 cu. ft., or 6.20% above production of 90,160,000cu, ft. in the corresponding week a year ago.—V. 158, p. 489.
7
•
that goal
Norfolk & Western Ry.—Earnings—
„
Gas output for the
increase
which could
any
reports electric output;
kwh., or 7.65%
that the proposed plan comes as close to
be soundly devised."—V. 158, p. 293.
839,145
the
for
We believe
less
of issue), $447,358;
total, $2,064,861/
expenses
$43,393;
surplus
earned
since
July
l,r
Would Extend Service to the West—
As
air
a
further
step in
its plan to provide New England with adequate
on July 27 asked the Civil
transportation service, this corporation
.
582
THE COMMERCIAL & FINANCIAL CHRONICLE
-
Board
Aeronautics
for
permission
air
operate
to
shares
New
routes through
E.
»v^rk that would closely link New England and the Middle West. This
service would represent an extension of the Boston-to-New York opera¬
tion for which Northeast has previously applied.
President S. J. Solomon,
in his proposal, asks that Northeast be
granted permission to operate a service covering three routes: Route
No. 1, between the co-terminal points New York, N. Y„ and Newark,
.N J., and the terminal point Pittsburgh, Pa.; Route No. 2,
between
the
co-terminal points
New Yrok City, N. Y., and Newark, N. J.,
the
intermediate points Binghamton,
N. Y., Buffalo, N. Y., and/or
Niagara Falls, N. Y., Erie, Pa., Detroit, Mich., Grand Rapids, Mich ,
and terminal point Chicago, 111.; Route No. 3, between the co-terminal
points New York, N. Y., and Newark, N. J., the intermediate points
Atlantic City, N. J„ Philadelphia. Pa., Harrisburg, Pa., Pittsburgh, Pa.,
Akron, Ohio, Cleveland, Ohio, Toledo, Ohio, and the terminal point
Cnicago, 111.
•
This was Northeast's third proposal for its expansion and develop¬
ment.
It had previously asked the C. A. B. for a permit to establish
a
post-war air service to London, Paris, Moscow and other Northern
European capitals and for permission to operate a helicopter mail and
express system serving over 400 cities and towns.—-V. 157, p. 1849.
,
,
of
dated
be
to
are
Nov.
.
special
a
cumulative
purchase more than
Pennsylvania
To
output
Electric
totaled
39,339,000
of 13.8%.—V. 158, p. 490.
Light
Electric
Litchfield
in
interest
for a base price of $485,000.
The holding
stock, with no par value.—V. 158,
Light & Power Co.
of
approve the sale of its entire
& Power Co. to the Connecticut
2,500 shares of common
U-50
the
In
1935.
$415,204
$4.84
/ Activities
of
Reorgani¬
the
corporation,
semi-annual
of
substantially
of
pointed
of its
all
shows
report
vote
out
of
date
the
earned surplus to
$1,284,363, the
corporate
the
in
of
amount
are to be broadened to include the field}
addition to its integrated operations in the.
do this a special meeting of stockholders has
to approve
charter amendment authorizing
of other corporations.
the General Rules and
of
Ohio
Detroit RR.- -ICC
&
Denies
Re-;
of Otis & Co. for a rehearing:
on
basis.
unconsolidated
an
and
of
petition
the
for reconsideration of
dated July 26, 1943, and
intervener
hearing oral argument by all parties to the proceeding, and being
It
is
and
rehearing
dated
RR.
July
mortgage 334%
the
not
»
for recon¬
it is hereby, denied.
,
report and order of Division
•
Four,
authorizing The Pennsylvania Ohio &
$28,483,000 of first and refunding
1943.
26,
issue
to
and
that
ordered
further
herein,
Detroit
be,
exceeding
and The Pennsylvania
bonds, series D,
RR. to assume!
obligation and liability, as lessee and guarantor, In respect thereof, be,?
they are
And
-
it
approved and affirmed;
hereby,
order
ordered
that
entered
further
is
herein on July
Porter,
effective date of said order
amounted
These
the
of
report and order of Division Four herein
the
of July 26,
1943,
of
the
by
Commission,
1943, suspending the'
to and including July 31,
28,
1943-,. be, ai¥a it is hereby, vacated and set aside.
The
will
The
parties.
however,
company,
amendment
the
the
July
on
Investigation
>
ordered
31
investigation
an
Competitive-
Into
the
in
of
matter
in the sale of securities issued under Section 20-A
Act.
Commerce
Interstate
represents a major
of the P. O. &
proposal to indemnify officers and directors against
in connection with proceedings to which they
misconduct in the performance of
ICC
Orders
competitive bidding
stockholders
victory
sale
expenses
made
be
Commission
D.
for
bonds to
The
of
ordering
the
investigation,
Otis & Co., who opposed the private;
Kuhn, Loeb & Co. The Commission's!
order follows:
con¬
It
appearing that it is necessary for the proper administration,,
and enforcement of Section 20-A of the Interstate Com¬
Act that a determination be made (1) whether competitive bid-:
execution,
his duties."—V. 157, p. 2049.
shall
ding
been' called
have
the
and
expenses
&
$1,739,528
$6,500,997
any
1,752,314
6,325,978
It
allied
from
(operated
$175,019
t$12,786
$94,258
the
virtue
of
-
t\ . r-\:;
V.-*'. '.C's
r;
v!'.
lease)
Clearfield
issued
under,
should
be
prescribed
relating
to.
desired.
is
York, N. Y.
•
,
briefs,
]:'{
firsthand
refunding mortgage 4xkclo
bonds,-
made at the office of
at 380 Seventh Ave.,'
.
surrender the bonds at
their option
at
may
their
1, 1977, have been called for redemption as of Oct. 1,,
and interest.
Payment will be
either in Philadelphia, Pa., or
company
in
.
any
time prior,
redemption date and thereupon receive 102Va and interest to Oct. 1,
1943.—V. 158, p. 491..
12,892
98
income
scurities
to
2,035
7,536
8,804
4,255
34,297
$111,060
t$l,947
$213,572
$136,200
2,187
24,813
12,835
....
_
Sundry
conditions
or
outstanding
102 Viz
Holders
Bituminous Coal Corp.
Co.—Earnings—
at
New
',:■!!:" !>
railroad
an
hearing
pral
of;the
All
.
$103,426
.v;: ■
by
that
series A, due April
com¬
panies
of
Bonds Called—
6,810,449
Operating profit—
♦Divs.
sale
interested party on or before Sept. 15, 1943; is
further
ordered
that
parties shall indicate
1943,
all liabilities except surplus and the reserve
for
adjustment of assets required in
reorganization, indicated an
assets value of $5.54 per common share.—V. 158, p. 195.
regulations
ordered
whether
$6,904,707
1,456,947
taxes
the
investigation be, and it is hereby, instituted
into the matters set forth in the preceding paragraph;
.
VIt is further ordered that briefs in this proceeding may be filed by
1943—12 Mos.—1942
$1,560,373
earnings
Oper.
in
sales:
is
It
Subs.)—Earnings
1943—3 Mos.—1942
Period End. June 30—
Gross
what
such
.
the extent thereof on said
balance in the amount of
required
be
provisions of said section, and (2) if competitive bidding is required,
class or classes of railroad securities should it be applicable,
what
to
redemption as of Oct.
for
Pennsylvania Coal & Coke Corp. (&
deducting
Ohio Water Service
(2)
sale of $28,484,000 of bonds to Kuhn Loeb & Co. and associates.
ruling of the Commission follows:
*
Upon further consideration of the record in the above-entitled pro--
•Commissioner
1, 1943, a total
of $50,000 of first mortgage 5%
sinking fund gold bonds due April 1,
1952, at 105 and interest.
Payment will be made at the Irving Trust
Co., trustee, One Wall St., New York, N. Y.
Holders of any of the
called bonds may at any time receive payment at 105 and interest to
Get.
1, 1943, upon presentation and surrender of said bonds at the
office of the trustee.—V. 157, p. 557.
a.
and
(b)
the
and
of 1940, to limit the maximum value of securities
time to 35% of total assets, exclusive of cash and
one
and
There
payable out of capital surplus.",
Mr. Brewster also pointed out that the total assets of the corpora¬
tion recorded as at June 30, 1943, after giving effect to the dividend
payment,
being
396.
The ICC on July 31 denied the petition
on
sideration
being
$1,268,424
U-42
Rule
p.
fully advised in the premises:
It is ordered that said petition of Otis & Co., intervener,
Broaden
Refining Co. —To
&
Parr Shoals Power Co.—Bonds Called—
><
stock
common
Act. as
merce
to holders of record at the close of
business on June 14,
1943.
This dividend amounting to $2,552,786
was declared out of surplus of the corporation at May 31, 1943, payable
its
of
158,
Pennsylvania
tinues, will not indemnify anyone "finally adjudged liable for negligence
„
on
20
securities,
another
on
may
June 30, 1943. alter
income of $112,277
share
Aug.
securities
any
liabilities
net
per
virtue
of
net
a
by
part of its unissued shares to stockholders."
Coincident with action on the investment matter,
income of $301,243 for the six months
deductions lor all taxes.
This compares
for the first half of 1942.
The 1942 net
income for the year was $552,095 after taxes,
In discussing the recent dividend paid by Ogden Corp., Mr. Brewster
Said:
"On
June
28,
1943 corporation,
with the approval of the
Securities
and
Exchange Commission,
paid a dividend of 75 cents
The
ending
with
the
of
(b)
Bidding for Rail Issues—
or
i
6
Section
considers
$5,760,573 on Dec. 31, last.
"In acquiring securities," the proxy statement explained,
"the com¬
pany will employ part of its present working capital and all or part of
any additional capital which it may raise.
It is contemplated that the
company may raise such additional capital by the offer and saie of
liquidation, reorganization and
out that the corporation has dis¬
miscellaneous investments through
liquidation.
sale, or
16,667
22,000
to
in
made
progress
Brewster
Mr.
integration,
posed
the
at
Government
to
the
reporting
in
in
To
Company Act
owned
stock in Laclede Gas Light..
common
In
reported
was
report
ment
plan for The
and Light Co. was
in
Progress
applicant
Act
ceeding,
statement disclosed that the company intends, so that the
phase of its business will not become subject to the Invest??
proxy
investment
investments
subsidaries
President, in
in the program of disposing of its
of its public utility
by B. H. Brewster,
stockholders, issued' August 4.
Laclede Gas Light Co. and The
Laclede Power
the major activity reported.
Part
of the plan relating to the sale of the electric properties has already
been
approved,
and
other phases of the proposed procedure are
awaiting final approval by the Missouri P. S. Commission and the
Securities and Exchange Commission.
The ultimate aim of this plan
is to have The Laclede Gas Light Co. emerge as a gas utility company,
with
the
electric
properties of that company and of The Laclede
Power and Light Co. disposed of to the Union Electric Co. of Missouri.
Upon completion of the plan Ogden proposes disposing of all holdings
of
the
for
called
transaction
A
reorganization and liquidation
the
the
Electric Co. bonds to the date of
hearing On Bond Issue—
this company
of
investment
general
been
Considerable progress
from the date of delivery of
1978,
Keysotne Public Service Co. bonds
$4,198,667
The
the
of
the
Atlantic.—V. 157, p. 2255.
petroleum industry.
zation Program—
and
1,
of the
Regulations.—V.
four years more than 4,302,000 pounds of vital express
past
Panhandle Producing
Shows Progress In
Corp:—Report
Ogden
$4,160,000
to the proposed transaction, and that the redemption of
Keystone bonds is exempt from the requirements of Section 12 (c)
the
Operations—To Enter Investment Field—
,
'f
*
t
104%
The
the
across
1942
Ended May 3X4^$*$%
1843
Net profit after charges and taxes
_______
$280,048
Earnings per common share,.-—-——- $3.13
—V, 157, p. 2049.
6 Months
>
1
-
,
applicable
Corp.—Establish Records—
shipments and 2,683,000 pounds of international mail have been flown
consists
p. 395.
Ohio Seamless Tube Co.—Earnings—
•
.
application indicates that Pennsylvania Electric Company pro¬
to offer the bonds for competitive bidding pursuant to Rule
promulgated under the Public Utility Holding Company Act of:
poses
upon
'
•
:estimated.expen5es___„_____._—
pay,
The
May, 1939.
SEC to
asked the
has
company
applied
be
will
bonds
Co.
lished
;.NY PA NJ Utilities Co.—Sale of Sub.—
The
additional
approximately as
Total
■
"Occupancy of the building, formerly occu¬
50,000 passengers carried
the week ended July 31, 1943,
with 34,571,000 kwh. for the
of this company for
kwh., as compared
corresponding week last year, an increase
at not
fixed
be
$4,000,000 of first mortgage 5% series
1978, of Keystone Public Service Co.__
estimated interest on the first mortgage 5% series
pay
To
July
on
will
rate
interest
the
be derived from the sale of the
1
redemption
30 announced that two new records—
and 8,000,000 miles flown—have been estab-V
by the big transatlantic Clippers of Pan American World Airways.
The records, unequaled by that of any transoceanic commercial air¬
line, according to the announcement, were recently chalked up by the
42-ton
flying boats in the course of 1,550 crossings of the "blue
ribbon" transatlantic air route since Pan American
inaugurated the>
first regularly-scheduled commercial air service across the Atlantic in
corporation
and
additional Pennsylvania
,
The
Electric
bonds due Nov.
the Aviation Corp., is itaking place now.
Output will be\
lolling within a few weeks and capacity is expected to be reached
before 1944."—V. 157, p. 1850.
|
(Del.)—Weekly Output—
the
Pennsylvania
per. annum.
follows:
by
Pan American Airways
thereof
amount
3%%
1943,
of
according to Associated Press
parts for Rolls-Royce aircraft engines,
advices from Detroit, Mich.
Christopher stated:
bonds
bonds, due Nov. 1,
of
Mr.
1,
Sept.
identical with
estimated proceeds to
To redeem at
Christopher, President, on July 29 announced that the
company has acquired a new plant in Toledo, Ohio, and will operate
it as the Packard Motor Car Co., Toledo Division, in the production
pied
dated
will be
than
The
T.
George
•
Co.
be
-
Co.—Acquires" Plants-
Packard Motor Car
at
mortgage
principal
,
Northern States Power
to
first
more
and July. 29, this.year.-r-V. 157,
paid on this issue on Jan. 29, April 29
p.'1274,
and, in order to provide'
redemption, Pennsylvania
Electric Co. proposes to.
competitive sale, $4,000,000 of its first mortgage
such
sell,
and to become due Sept. 1, 1973.
presently outstanding $32,500,000
Electric Co.,' except with
respect to the issue date, maturity date, interest dates, interest rate
and the redemption price.1
The price to the Pennsylvania Electric Co.of the additional bonds will be fixed at not less than
104% of the
directors' meeting it was voted to request tenders of
preferred stock at $60 a share. " The company will
13,942 shares at this price, and tenders must
be delivered
to American Trust Co., San Francisco, by Sept. 15.
If
more than
13,942 shares are tendered, all offers will be prorated.
Preferred Is a $100 par stock on which arrearages totaled $43.75 a
share at the end of 1942, it was stated.
Dividends of $1 each were
not
at com¬
shares
application
of Keystone Public Service Co.,
1978,
for
and
bonds,
of
Pacific Portland Cement Co.—Tenders—
Proposals will be received by the company at its office, Room No.
1316, 111 West Monroe St., Chicago, up to 12:30 o'clock p. m. Central
War Time, Aug. 9, 1943.
The issue has the approval of the SEC.
V ; The new bonds will bear interest at the rate of not more than 3 Va %.
-r-V. 158, p. 396.
1,
issue
Such bonds
At
35,000
sale,
present
funds
.
1, 1973.
1943, and are to mature Aug.
1,
Aug.
y
The letter added that in addition to such stockholdings the committee
received the approval of and is acting on behalf of the holders
of approximately 7,713 shares of first preferred and 3,832. shares
of
second preferred stock.—V. 157, p. 1948, 2049.
whole from it
bonds, series C, due Aug. 1, 1973. The
first mortgage
$45,000,000
bonds
The
r
6V2%
and will issue and sell,
of its cumulative preferred stock.
proposed that, subsequent to such assump-?
tion, and simultaneously with the issue and sale of 35,000 shares of
its cumulative preferred stock, Pennsylvania Electric Co. will, call for
redemption the entire issue of the first mortgage 5%' series bonds, due
petitive
had
for the purchase as a
is inviting proposals
Company
-Ays'*
Monday, August 9, 1943
■
1978, of Keystone Public Service Co.,
Florence
Todd, owner of 70 shares of first prefeired
shares of this issue, and also of 510
F. Beaman
representative of 1,900
preferred.
shares of second
Mortgage Bonds—
-
of stock;
and
Co.—Public Invita¬
Proposals for Purchase of $45,000,000 of First
for
and 300 shares of second preferred;
first preferred
of
Dudley, owner of 180 shares of first preferred; H. W. Muller, owner
300 shares of second preferred and representing 30 shares of this
class
Indiana Public Service
v-' Northern
tion
of
•
_
29,0501
Pennsylvania^ Power & Light Co.—Earnings—
*
12 Months Ended June 30—
^'Operating
revenues
—
Crl,440
33,224
53,782
General expenses charged
Provision
Net
Other
to construction
_!
_
for
depreciation
-
taxes
Federal
taxes
income
!'__„.
earnings
income
Interest
on
$402,353
148,667
2,213
,
long-term debt
Miscellaneous—
;
____
Amort, of debt discount, premium and expense:
Applicable to refunded issue
income
—
♦Net
of
affiliates,
and notes
at
cost
(quoted
receivable .(less
market
of $1,152),
reserve
Liabilities—Class A
posits
debt,
and
accounts
interest
payable,
$12,647;
Gross
virtue
The
Massachusetts
common
by
the
stock.
Department of
company
Proceeds
at
are
tion of outstanding unsecured
Gas
Fuel
&
Associates.—V.
Pacific
The
Coast
preferred
$25
to
a
be
1!4%
157,
p.
share
applied
Utilities
of
6,000
to
has
payment
now
the
It
holder
was
of
added
held by Eastern
2049,
Replies to Company—
shares
transferred
sentings
were
to
given
in
the corporation
their
as
names.
follows:
Their
some
and these shares recently have
individual
Ramelle
S.
holdings and
Cannaday,
owner
16,041
$266,992
common
4,730
repre-
of
80
income
3,405
(net)
.
$901,347
$813,896
deductions—,
445,303
470,360
5,450,177
5,684,157.
income——
Net
$456,044
$343,536
$5,963,880
$5,180,858"
Dividends
_
Note—1943
Federal
loss
$194,253
p.
$17,575
$1.18
$0.17
______
applic.
to
stks. for the period—
pfd.
.
? ?
depreciation—
tax
credit.
estimated
No
at
provision
2050.
5,328
60,000
- < >
2,997
59,636
42%, reduced by a net
for excess profits tax
'
!';. j- .'
Pennsylvania Electric Co.—Hearing On
before the
were
held Aug.
the company
regarding
Application—
Earnings of Regional System—
of way
of equip
Traffic
&
struc.
Unemploy.
Railroad
Jt.
ry.
opers..
on
following:
now
pending before the
SEC with
acquisition by Pennsylvania Electric Co.
of
the assets and the
assumption of the liabilities of (1) Keystone
Public Service Co., a subsidiary of NY PA NJ Utilities Co., a regis¬
respect to
tered
a
program
holding
likewise
a
for
company
(File
Co.,
70-563), (2) Bradford Electric Co.,
(File No. 70-602), and
subsidiary of The United Gas Improve¬
No.
a
(File No. 70-707).
If the
necessary
approvals are obtained and the proposed transactions are
consummated,
Pennsylvania Electric Co. will assume, among other
ment
Co.,
liabilities,
a
registered
$4,000,000 of
$
-
5,664,719
876,139
22,704,652
872,867
7,229,789
997,416
7,919,494
26,064,265
!
$
'
4,904,090
175,114,720 135,325,398:
4,776,418
\
6,006,005-
25,971,931 142,146,991 113,706,807'
9,106,574
70,990,400
48,982,066
4,851,776'
932,217
846,052
5,573,156
846,655
6.037,896
bal—
686,857
1,297,126
4,190,781
5,954,050*
bal.
199,381
211,034
1,368,146
1,413,989'"
income_
10,038,155
13,664,490
53,986,612
rents—Dr
rents-j-Dr
■>.
4,846,340
,
Net
oper.
ry.
.
.
■
.
.
.
.
Earnings of Company Only
.
47,658,586
.
the
subsidiary of NY PA NJ Utilities Co.
Erie County Electric
1943-—4 Mos.—1942
eg
71,545,120 469,158,769 380,300,516'
7,712,984
50,008,879
40,342,967'"
12,409,131
81,074,177
75,238,831.
1,010,055
taxes_
are
SEC
-
•
>
RR.)
taxes-
insur.
retir.
facil.
E.
1,013,912
13,197,600
taxes
Railway
&
1,179,135
expenses
fr.
B.
1,229,831
operations
rev.
and
28,932,937
Transportation
Net
8,375,718
13,741,760
—
—
General
J
80,537,558
revs
oper.
RR.
1943—Month—1942 >
Period End. June 30—
Railway
I.
the application filed
the
by
5
3,846,532
$1,334,326!
195.
(Excludes L.
Equip.
Hearings
3,841,151
$2,122,729
—V. 158, P.
Misc.
income
carryover
157,
$11,414,057 $10,805,015
Balance
Maint.
of allied companies
income
15,999
$811,321 $11,379,549 $10,823,199
>2,575
34,508
41,816
j.
income
Maint.
67,000
share
2,850,000!
6,542,593
14,472
$22,304
5,738
(estimated).
per
3,490,000
$897,942
revs.______
6,235.
3,098
.
19,003
tAfter charges for depletion and
(3)
record
of stock
time
been
♦Net
par)
stockholders'
that
!.
_
;TNet income Tor the period-i}_-_
Earnings
2.043,676
237,500
________
Pennsylvania RR.
income—
taxes
2,070,984
285,833
k
Income
6.996,513
168,648
term!
limited
oper.,
Gross
Corp.
and cancella¬
of any of the stock of the corporation.
members of the committee have owned for
$28
-
the
protective committee, in a letter ad-dressed to holders of the company's first and second preferred stock,
Menied allegations of the company that no member of the committee
is
$3,435,266
3,435,237
$244,891
Coal
Bituminous
Gross income
required.—V.
($25
1942
Income
Charges to
620,162
150,457
(operated by
companies
:
515,104
30
$3,295,071
3,050,180
____________
allied
Clearfield
Applications-declarations
demand notes
Co.—Committee
profit
from
of
operating
approved
shares
pro¬
1943
taxes__
.
re¬
appropriation!—;
Int., etc.,
___________
lease)
Sundry
■
Issue Approved—
Public
No
de¬
$213,900; earned surplus, $123,341;.total, $8,425,796.—V. 157, p. 2155.
issuance
4,839
42%.
'
thereon,
Old Colony Gas Co.—Stock
at
tax required.
and
expenses
■^Dividends
$28,057; accrued general taxes,
$59,071; accrued Federal income taxes, $153,883; accrued interest on
long-term debt, $12,327; miscellaneous accrued items, $3,244; customers'
advances
for
construction,
etc.,
$3,948;
reserve
for
depreciation,
$912,749; contributions in aid of construction, $48,732: capital surolus,
-
estimated
Earnings for Six Months Ended June
earnings
Operating
accrued
customers'
rate
•
stock (40,522 shares, no par), $3,155,898;
common
$3,698,000;
accrued
Net
Other
tax
1943—12 Mos.—1942
$3,690,616 $48,039,507 $44,900,156
1,851,595
22,624,689
24,037,989
118,103
4-2,030
1,496
2,879
income
2,050,653
———.__
investments
cos.
Federal
$3,899,989
__________
retirement
Amort.' of
vision for excess profits
utility revenues, $21,299; materials and supplies, $38,499; prepaid taxes,
insurance, etc., $10,194; deferred charges, $275,324; total, $8,425,796.
long-term
allied
of
inc.
taxes
taxes
Property
.
$26,495;
$74,148;
Other
$0.69
116,112
29,422
28,945
Operating
$27,620),
Nil
tLoss.
367
value,
,
serve;
_
Note—1943
$193,745
vestments, $1,650; cash, $169,121; U. S. Government securities, $218,096;
accounts
$0.37
13,556
366
10,000
$113,365
charges for de¬
and deprecia¬
tion
150,126
;
2,408
$237,602
_______
t$4,134
$61,554
1943—Month—1942
Operating. revenues_}ii
Operating expenses^—
pletion
Assets—Property, plant and equipment, $7,590,969; miscellaneous in¬
bonds
per
tAfter
$360,202
13,505
67,000
$121,758
$0.74
__j—
.
Period End. June 30—
Federal
Balance Sheet, June 80, 1943
■■
46,000
(est.)
Consolidated
Applicable to issue presently outstanding
Net
3,506
for periodcom. share.
tNet inc.
Earns.
137,000
5,170
______
income..
taxes
Income
>
$351,069
6,133
$397,183
——
_
Charges to
77,629
83,203
140,100
__„
Gross income
.
45,646
205,518
Maintenance
Gross- Income
$826,186
190,439
Cr6,069
27,472
$911,571
.___
Operation
General
1942
1943
holding
company
first mortgage 5%
series bonds, due Nov.
1,
1943
June—
Gross
from
Net
from
Net
ry
railway—_
railway
.oper.
l
income—
1942
1941
1940
$80,383,573 $71,413,011 $53,571,905 $39,9G4,830
26,036,102
25,967,613
16,335,049
12,066,239'
10,023,008
13,674,281
10,089,616
.
7,211,793
From Jan. 1—
Gross
from
Net
from
Net
ry.
—V.
railway
railway
oper.
158,
p.
income—
91.
468,321,215 379,621,861 278,137,615 220,771,964
142,146,809 113,839,612
76,684,571
61,927,121
54,053,514
47,863,104
42,679,310
36,305 465
'
'
Volume
Number 4201
158
THE COMMERCIAL & FINANCIAL CHRONICLE
♦For
Pennsylvania-Reading: Seashore Lines—EarningsJune—
Gross
Net
from
Net
ry.
railway
railway
$1,131,952
From Jan. 1—
Gross
Net
ry.
$519,070
223,008
184,088
*26,946
the
43,007
16,129
*130,363
158,
3,000,582
taxable
1941;
2.475,535
286,324
*43,242
*355,892
*344,673
income—
♦Deficit.—V.
3,762,538
780,153
*747,879
*1,064,646
*1,250,760
months, January to June,
of
47%—24%
rates
for
social
applicable
said
security
in
and
six
in
inclusive,
21%
the
in
instead
Adjustments
will
income
for
6%
made
of
Power
Power
from
Corp.
Safe
Harbor
Federal
Other
1942
602,532
* 044,372
549,410
will
■Other
income
218,188
income
Gross
-t.'.
_J.
income
•Interest
debt
348,036
Net
income
(net)_
81,679
pfd.
share of
dividends..
per
stock
May
$1,074,345
-X
There
have
$104,00.0
of
1964,
been
105
at
called for redemption as of Sept.
refunding mortgage
and
interest.
Trust Co., trustee,
and
collateral
will
Payment
Vk%
trust
made
be
should
effect
issue
not
157,
which
in
said
P.
&
U,
S.
for acceptance
has
Prov.
District
$1,057,300
high.
exceed
in
that
of
since
there
survival
!
that
the
three
gives
interest
and
interest
and
Exchange Commission has ordered the reconAug. 19 of the consolidated hearing in the
matter
of
Light & Power Co., which includes that company's plan for
compliance with the integration and corporate simplification provisions
"vening
he
of
.Since, the
hearings were adjourned Peoples Light has filed an
to its application
for approval of the plan.
This deals
proposal to merge West Coast Power Co. Into California Public
'Service Co., both companies being subsidiaries of
Peoples Light, which
the
is
not
all
of
their
outstanding
transactions
proposed
The
(1)
West
'Service
Coast
Co.
As
Power
a
Int.
company
net
an
earnings
indefinite
dividend
summarized
be
follows:
as
merged
into
agreement
merger
'
to
after
be
supplied
deliver
by
further
*
of
shares
Public
California
that
will"
amendment.
convertible
;
Holders
;
shares
Texas
•
Public
will
dividend
and
requirements
Peoples,,
Public
the
will
Co.
distribute
or
stockholders
•
receive
the
(or in
they
class
shares
A
and
class
of
capital
shares of
10
every
of
dispose
of
Peoples
investment
capital
on
,
relative
same
its
the
stock
B
of
have
will
stock
interest
in
Texas
of
such
will
not
(6)
■
such
in
of
The
.
the
State
the
upon
which
relate
dividend
of
will
of
Delaware.
of
Public
of
the
by
thd
from
Texas
Public
of
Peoples
its
of
one
is
program.
of
Service
not
to
be
4.—V.
Coast
the
to
the
\
•
will
Farm
•
dated
as
make
to
the
exceed
which
to
to
share
The
directors
the
have
capital
like
ments
in
was
1942
to
the
"
Act
committee
New
Trustee
Aug.
follows:
as
and
Nov.
16
Feb.
on
of
158,
the
Feb.
16,
Elected—'
and
16
on
be
con-;
of
Western
'
•
Kent
Swift,
Manufacturing
Swift
-V.
which has
place
1850.
p.
a
and
May
Aug.
Machine
and
15,
board
the
•
of
"ex"
on
the
electric
for
output
the
company
and
,
158,
u
Aug.
of
"
in
&
_
..
J—_______
Maintenance
of
Pay¬
956,869
$265,278
To
$257,876
late
23,834
,
issue
have
$289,112
.
been
(&
Mass.
•
l*
Mr.
Rate
.
sh.
excess
of
to
repay
in
cash
of
sales
gold
of
as
banks
Gross
Rental
income
of
leased
Miscellaneous
jr
■
-
for
balance
the
charges
bonds
hand,
on
$273,957;
1,
Post
due
Station
March
1943
Income
Interest
*
value
; v
week
:
...
available for interest,
on
funded
debt—
has
been
in
aid
ox
construction,
total, $137,258,319.—V.
for
sheet
of
trustee,
$549,492;
158, p. 92.
I
-
the
*
-
U.
S.
of
as
and
$0.50
$0.47
*
Fixed
for
months
in
State
of
and
Federal
$263,362
in
taxes
1943
on
and
the
July
-
ended
June
ctfs.
30
amounted
3,
1943,
amounts
ratio
a
The book
shown
as
value
to
to
by
$4,423,148
the
annexed
$2,422,224.
of
assets
trustee
V.
-231,099
$6,669,082
■
328,571
current
share
to
of
over
the
300,000
out-
while the net current asset
(less
The
Accrued
$6,997,653
2,538,632
$6,452,500
of
60,822
81,896
2,368,458
492,306
;
indebtedness
B-1944
1,168,762
121,410
.
135,453
886,705
_
________
669,198
47,260
:CL
3,193,474
$4,398,199
3,265,480
$4,002,146
3,288,997
of
$1,705,014
$1,132,719
$713,149
for
for
Tl,926
18,080
31,563
991,750
45,841
48,495
30,213
$3,341,945
$8,810
the
11,167
West.
It
of
the
merger.
borrowed
the
use
$3,900,000
on
1.948
redeem
below).
3%
10-year
a
to
(see
money
in
Sept.
on
all
8
un¬
the
"
insurance
Federal
and
($5
and
State
taxes,
43,824
2051.
taxes,
debentures
time prior
be
N,
made
the
redemption
accrued
at
them
surrender
to
in
Sept. 8, 1943, all
debentures,
due
all
to
the
$1,029.3055
Bankers
Trust
Y.
may
including
gold
at
date
interest
the
Sept.
of
the
the
receive
and
to
office
full
1943.-—
8,
Products, Inc.—10-Cent Distribution—
directors
have
stock,
common
declared
dividend
a
value,
par
no
payable
of
A
1942.—V.
157, p.
10
cents
16
Aug.
similar distribution was made
with
15 cents paid on Nov.
1,
5.
1,
will
York,
New
of
as
to holders of record
share
per
on
May 1, last, which
1942,
and
10 cents' on
on
1366.
Statement
of
Income for
the Three
Months
Ended
July
15,
Dividends, $249,106; interest (incl. $3,912 contin¬
interest), $29,535; total income__—
Expenses, $39,076; interest on bank loan, $10,069; provision
for Federal income tax, $12,987; prov. for Federal capi¬
tal-stock tax, $568; miscellaneous taxes, $968, total ex-
1948
——-—i-i
penses
*Net
Notes—(1)
63,659
__________
$214,982
security profits
or
losses.
the period the company received $37,224, repre¬
interest on Baltimore & Ohio RR bonds for the
During
contingent
ended Dec. 31, 1942.
the dates
year
%•;
®
income
♦Exclusive of
X
$278,641
Of
this amount
$33,312 is applicable to the
on which such bonds were acquired and has
applied as a reduction of their cost.
i
Unrealized depreciation on investment securities (excess of cost
therefore
(2)
been
over
value
July
15,
based
1943
unrealized
1943_-_-_
_______
closing
on
and
market
$3,388,140
for the
at
depreciation
Purchases
and
sales
of
quotations)
April
period
15,
was
investment
was
Balance
Assets—Investments
at
Sheet, July
value
based
securities
15,
on
not delivered), $12,324;
furniture
and
•
par>,
closing
of
■—«-
market
quotations
$20,361,275; cash
dividends
(securities sold,
receivable,
interest
on
21X%
bank
loan,
$8,362;
$38,823;
accounts
taxes,
$82,315; distribution payable Aug. 2, 1943,
bank loan, $1,799,650; common stock ($0.10
surplus (after charging $8,107,464 representing
distributions
to
stockholders), $20,663,768;
distribution
2V* %
$234,012;
portions
period
fixtures, $1; total, $21,031,840.
payable and accrued
$210,594;
interest and
in
the
1943
as collateral against bank loan),
deposit with custodian, $619,418; due from brokers
but
at
decrease
during
($4,724,437 pledge
on
$1,570,299
The
1943.
$1,817,841.
secured
paid-in
account balance
ments
(representing income surplus), $21,241; security profits
(deficit), $417,802; excess of specific certificate cost of invest¬
over
value
thereof
based
34,494
on
total, $21,031,840.—V.
closing market quotations
158, p.
(deficit),
196/-^
Radio Corporation of America—Sale of Blue Network
—David
1942____
--
2,111
.
17,205
9,326
263,362
1,500,000
1,500,000
410,368
1,298,297
$3,586,009
$3,341,945
Sarnoff, President, on July 30 announced that
agreement has been reached to sell the Blue Network
the sum of $8,000,000 in cash to Edward J. Noble,
former Under-Secretary of Commerce.
an
for
This move, the announcement says, comes a year and-
351,837
1,298,297
.-.
:
redemption
gent
73,705
55,959
1
3,278
par)_—
surplus
p.
taxes____
State
for
called
1949.
p.
$1,570,299;
liabilities
Federal
Debentures—
$57,080
.r'-.r-V"',
surplus
157,
for
Middle
consummation
upon
Payment
Liabilities—Accrued
956,688
profits-tax—
________________
.
stock
-V.
will
debentures
price,
15,090
96
excess
payable
salaries, wages apd commissions-.,taxes, including old age benefit and
Capital
Capital
by
5%
Income:
350,000
(net)_—
-
Earned
$4,898,488
exchange
owned
its
aggregated $382,657 and $485,125, respectively.
accounts)
charges
current
Reserve
in
now
of
Quarterly Income Shares, Inc.—Earnings—
July 3, '43 Dec. 31, '42
$638,430
$251,628
17,060
unemployment
Other
West
shares
cancelled
Wall St.,
the
any
compares
for dis¬
reserve
—
notes
16
of
at
157,
(3)
$3,586,009
$6,145,768
306,732
of
shares
11,167
not
exchanged pursuant to such offer will
plus accrued dividends.
All shares acquired by
be
has
and
5%
Purolator
surplus
Accounts
subsidiaries
issue
shares
share
will
debenture.
redemption
Current
1
22.25
per
assets
Liabilities—
2,949,131
Middle
preferred
15,000
to
period prior to
company,
3,794,590
,
indirect
are
proposes
outstanding 20-year 5%
sinking fund
1948,
at 102 and interest, amounting
Holders
income
$283,008
1942.,
of
represent
Co.
savings
refund
Deferred
to
$6
Service
92.
trustee,
$0.42
_._
current
Post-war
stock
corporation has
1,
senting
doubtful
Curtain
Va %
Other
of
per
of
$1,000
1941
shs.
amount
receivable, trade
S.- tax
companies
$128,052
:J'Investments
*;
4,263,132
U.
The
to offer
note
the
been
•
six
$113,982.
Inventories
/"
'rl-
-
made
'
1942
.
counts
Oklahoma—Merger With Unit
V',
corporation
per
Pay¬
Comparative Balance Sheet
Atlantic
of
Public
merger
common
Co_
12 South
*$141,505
of capital stock is $10.67,
share is $8.07.
•
1
per
Co.
Corp.
the
$100
The
.
1943
com.
the
in
V
,
Total
Balance
tax, $3,251,566; accrued interest, $561,455;
liabilities. $80,210; delerred credits, $1,125,592;
contributions
To Redeem 5%
leasehold mort¬
*$151,381
Assets—
5,025,907
2,746,127
2,919,535
11,746,263
-
etc.
debt,
'
Service
secured
Inc.—Earnings—
Cash
$35,327,321
3,141,796
;—
/
taxes
income
therewith.
$3,900,000
$97,246;
and
taxes
standing shares
%
256,995
lines
deductions
com¬
long-term
payable, $1,156,469;
(State, local, etc.), $1,**
Purity Bakeries Corp.—To Refund Debentures—
materials
1, 1949, have
and interest.
101
at
Deposit & Trust Co.,
733.
p.
and
300,000
on
$2,536,206
1941-
6,118,583
$8,066,180
$8,297,279
/
$27,694,445;
accounts
into
158, p.
Jan.
and
$14,684),
Parcel
Sept.
Safe
157,
working) capital
liabilities
expenses—96,797 '■
208,247
Taxes,- includ. payments to City of
Philadelphia under 1907 agreem't
17,482,510
*4,128,231
-.
accrued
$137,258,319.
(par $100), $14,818,590;
$576,000;
$699,510;
current
holders
The
(par
Baltimore
the
1943 and $4,500,295
Reserve
t
$1,855,023; materials and
prepaid insurance, taxes,
total,
par),
no
notes,
Service
par)
—V.
outstanding
case
V
shares,
$13,985,723;
proposes
Public
$5,535,483.
fund
at
profits
»
Dexter.—
1942
4,654,199
v
Operating, income ______________
Non-oper. inc. (incl. net cap. gains)
$177,574),
$3,494,127;
approved the proposed merger of Southwestern Light &
its parent, Public Service Co. of
Oklahoma, but has
jurisdiction with respect to certain features of financing in
receive
interest
Md.—V.
after
1942.
Accrued
;
of
reserve
of $31,342), $2,418,402;
unsecured
West
Public
28,304
$234,565
1942
r.
;
(less
preferred stock in-ex¬
change, on a share for share basis, for 15,000 shares of the 24,411
shares of Southwestern's $6 preferred stock owned by the Public.
All
of
reserve
stock
redemption
per
r
Subs..)—Earnings
7,777,588
3,355,212
expenses
Sheet, June 30, 1948
deferred debits,
deposits,
Co.
($100
$262,869
55,291
*y-
utilized
Sheet, Dec. 31,
$184,710;
total,
be made
profit
-Net
in
,
subsidiaries
and. other pQntingencies____.r^ 1,800,000
-
notes,
reserve
(1,107,777
effect
also
4,993
$233,821
(less
sinking
for
♦Provision
Pepperqil
William
prop.: renewals—2,861,508
Power operation
3,792,055
3,269,548
•Conducting transportation17,818,293 . 14,418,445
^.Provision. Tor .' abnormal
operating■>> ri
V <.i
exps.
42.697
$2,837,795
(including intangibles), $118,197,538; construc¬
investments, $209,928; cash, $4,382,606; U. S.
$2,515,000; accounts receivable (including instal¬
shares of Southwestern's
.
Baltimore,
and
Whitinsville,
the
<
General
tax
Federal
reserved
$1,214,745
_
...
6 Months Ended June 30—
V
$54,842,834 $41,936,776
.' Depreciation, and
49,315
$2,889,605
$4,000,000;
connection
$1,366,812
...
r
the
of "$16,500
will
Earns,
semi-annual
Boston,
1943
Operating revenues
22,642
$1,186,854
surplus, $1,370,344;
Middle
$1,000,000, $216,OCO has been repaid to International
Telegraph Corp., being the amount subordinated to the
$92,647;
Accounts
Philadelphia Transportation Co.
25,359
$1,371,913
_J_
of
5!/2%
called
Net
9.
p. ,491.
12 Mos. Ended June 30—
Crl3,411
Public
1941
1,101,534
....
companies,
total
gage
July 31, 1943, amounted to 119,243,000 kwh., an increase of
11,455,000 kwh., or 10.6% over the corresponding week of last year.—
V.
Cr45,128
con¬
_______
Approved—
May
share
per
Philadelphia Electriq Co.—Weekly Output—
The
Cr8,411
j-
The SEC has
_
operations.
ended
.
599,808
Cr29,790
charged to
stock
Aug.
A
-
..
535,110
earned
security ruling ruled
right to subscribe on
1942
Powdrell & Alexander,
i
Works,
,
,
284,243
becomes
Postal Service Bldg. Corp., Baltimore—Bonds Called—
States-
last.
15,
trustee
offices
the
on
249,802
________
reserves,
accrued, $3,090; reserve for depreciation,
$1,186,686; earned surplus, $922,297; total. $5,535,483.—V. 157, p. 1653.
in
executive
'
2,670,624
expense
miscellaneous
the
,
record
•
director
2,654,964
customers'
$100),
$1,800,000;
bank
loans,
$750,000; owing to International Telephone & Telegraph Corp., $373,401;
deferred liabilities and deferred income,
$116,311; bank loans maturing
within one year, $250,000; accounts and
wages payable, $41,050; taxes
s
*
Whitin
of
elected
was
Co.,
the
takes
157,
President
July 30
on
1,296,064
&
accounts)
Public
$297,769;
a
•
E.
•Mass.,
1,368,063
long-term debt.
$69,751,500;
number
1933
of
*
purposes.
ment
of
$2.
-
$6,137,513
March
supplies,
•
196.
p.
holders
to
15
$6,083,866
fund,
mon
2155,
p.
_______
receivable
contribution
quarterly dividend of $2.50
a
payable
disbursed
were
each;
dividends of $4
v
declared
stock,
amount
$2,781,393
Liabilities—Cumulative preferred stock
a
such
Assets—Plant, property, - equipment, etc., including intangibles, $4,618,309: miscellaneous investments, $1,400; special deposits,
$460; prepaid accounts and other deferred charges, $61,632; amounts duefrom
St.,
A
Dr98,369
—$2,985,348
income
supplies (less
etc., $185,694;
held.
common
shares
per
;
accounts
transactions
declaration
Pepperell Mfg. Co.—To Pay. $2.50 Dividend—.
on
$6,235,882
71,765
income
ment
of
'
,
$6,012,101
Drl7,024
Balance
Telephone Co.—Annual Report—
proceeds
•affiliated
Co.
acquisition by Texas
Gas Co. of-Port-Arthur,
stock
subsidiaries.—V.
$2,798,417
41,082
637,423;
Securities
quoted
Balance
the
Peoples
common
$2,944,266
—______
deductions
loans, and the balance of the funds will be used for other corpo¬
rate
distribution
proposed
Peoples,
Public,
the
of
the
operating income
income
Net
%
the
156,
earnings
charges
Telephone
the
therein)
declared
.
Coast,
Texas
550,764
______
Miscell. interest & other
accrued,
of
West
•
1,103,600
Treasury
share
entitled
net
loans
bank
,
approval
West
stock
common
but
desire
Exchange
stock
from
income
bank
Service
to
stockholders
-
Public
,
,
above
to
Peoples
by
Co.,
the.
refinancing
a
$754,400
sale
.Utilities
of
Commission's
to
$1,000,000
"and
Rico
earnings
The
presently issued purchase warrants of Peoples
in the plan.- •
:■
thereupon, be dissolved in accordance
with
the
consummation
tlngent
„
Curb
Liabilities—Common
participate
91,800
2,710,684
profits
struction
Service Commission
of
Puerto
Rico, in its
15, 1943, approved the private sale of $1,500,000
principal amount of first mortgage 4!£% bonds,-series A." The sale
of the bonds was completed on
April 16, 1943, to four insurance com¬
panies in Canada and the United States.
of the
Peoples
laws
York
August
Financing—The
held.
company
from the sale of Peoples' investment
California and Texas Public after the
In
$10
revenues..
.order
California
common
the proceeds
(5)'Holders
be
of
expenses
Net
stocks
common
stocks
whereby
basis
a
c-f
also
under
operating
Total
described.
i
statement
common
Interest
exchanges,6 holders of class A and class B
Peoples will receive 2.1% and 2.9%, respectively,
stocks of California and of Texas Public.
Peoples
Farm
number
will
price
per
of
capital
(4i
t
for
the
Sundry earnings
proposed
stocks
•
the
the
to
same
may
operating
Net
preferred
present
of
Texas
Through
•common
of
the
receipt
upon
of
of
83,200
on
tion
additional
one
allotment
he
as
to
the
at
Total
the
Holders
1,080,355
profits
1,103,600
(net)
August 5 will be entitled by way
subscribe
subscribes
such
Total
there-
present preferred stock of Peoples will receive 3'/j
capital stocks of California and of Texas Public for each
preferred stock held, or a total of 95% of such capital
of
stocks.
excess
premium
will^nlose on a date which will be 30 days after
mailing cf ttf» prospectus* and accompanying literature to
The offering will be made as soon as an
^appropriate
New
Porto
of the
'share
and
of
of
the
to
cumulative
by
Calendar Years—
Texas
liquidating preference of $50
2,268,243
1,430,998
1,493,284
Power
stock, $3 dividend ($25 par),
share; 62,520 shares class A com¬
mon stock ($1 par), and 83,201 shares class B
common stock
($1 par).
Peoples, upon receipt of the shares of capital stocks of California
(after merger with West Coast)
and Texas Public will make a distribution of such stocks to Its stockholders on the following basis: v *
at
who
to
shares
Wednesday,
of: capital
shares
date
The
California
(a)
Peoples, which holds all of • the outstanding capital
Public, stock certificates representing the said 291,909
stock in exchange for tne certificates representing
•the 11,5G0 no par value shares
presently-outstanding.
(3) The presently
outstanding securities
of
Peoples
are:' 83,201
■stock
of
registration
acquire the assets and will assume the liabilities of West. Coast, and
;
(b> California will issue to Peoples 291,909 shares of capital stock. '
; ; (2)
Texas Public Service Co., a subsidiary of Peoples,
will amend
'Its charter to change or reclassify its no
par value capital stock into
'291.909 shares of capital stock oi a par value later to be determined
•and
2,049,106
614,800
effective.
will
the
1,179,513
(nor¬
Amort, of debt discount,
requirements
share for each four shares of
per
subscription
stockholders.
stock.
are
Co.
of
part
capital
$10
to
shares primarily allotted to him.
the
a
owns
•
1,284 326
2,576,819
1,153,340
—
tax_
Gross
Subscription books
amendment
'with
entitled
number
.of Section II of the holding company act and eventual dissolution.
'
subscription
stockholder
is
secondary
stock of record
common
stock at
common
Each
on
•Peoples
of
primary
,
•
Securities
&
Net
Pittsburgh Metallurgical Co., Inc.—Rights—
The
1,169,883
2,717,347
752,798
taxes
Excess
W.'s
Holders
of
-
1,319,338
Assets—Utility plant
Peoples Light & Power Co.-—SEC Orders New Action
On Integration Program—
596,193
1,385,109
Normal and surtax-
proposed plan, it would follow that the company has a
reasonable prospect of survival.
He
expressed the opinion the new
capitalization would not be excessive, because he believes the estimates
.given by Dr. Thomas Conway, Jr., P. & W. President, at
previous
court hearings
are
reasonable
and
would
provide
for meeting
the
requirements of the reorganization plan.—V. 157, p. 2455.
York
1943—12 Mos.—1942
571,467
taxes
Interest
fixed
an
100
"feasibility"
the
over
exceed
taxes:
ground
structure
whether
anticipate
to
$26,998,897 $24,739,836
10,816,978
9,639,847
surtax)
Other
capital
STr*
bids
to
mlscell.
&
inc.
.
said the
structure
new
and
•
opinion,
not
1938
Inc.—Earnings—
4,817,340
first
new
reasonably
no
the
on
prices
Salle
receive
1,
Charges in lieu of Fed.
mortgage 30-year
SEC expressed the opinion that
written
One,
may
are
and
or
$500,000.
proposed
any
company
in
The
brief
a
Court
at
La
1943,
Nov.
1943—6 Mos.—1942
—
&
dated
So.
$13,850,171 $12,512,401
___
5,549,906
Inc.
mal
notes
$40,249.50
196..
p.
depreciation..
local
Fed.
approved
2050;
p.
for
5%
exhaust
_____
Federal
been
to
A
Service Co. of Indiana,
Maintenance
rejection.
objections of the SEC to the
filed in an "advisory" report
will be sufficient to meet the
the new securities to be issud.
He
the
77B
series
158,
revenues
Operation
1948.
p.
of
sufficient
Operating
overruled
factors:
prospect
new
of
too
was
three
upon
the
Kirkpatrick
in
Kirkpatrick,
reasonable
in
total of
bonds, due
New
debt
of
a
the
at
100 Broadway, New York. N. Y.—V. 157,
1943.—V.
it
interest.—V,
Public
1941 to offset any possible
deemed adequate has been
reorganization under
future
$2.39
1, 1943,
proposed
income bonds
a
$1,081,789
$2.37
____
in
taxes
crdit
unused
of the pldn.
The SEC
1943, recommending rejection of the plan
18,
the
which
Bonds Called—
!.■'
sufficient
Provision
the bondholders
excessive;, two,
230
after
to
go
Judge
11,750
stock
common
1942.
profits
for
H.
Kirkpatrick
depends
81,626
18,010
deductions..
income
Earnings
will
the years 1940 and
for
plan
the
351,368
Amort, of debt discount, prem. and exp.
Interest charged to construction (O)
Miscellaneous
there
excess
5%
$1,526,303
_______
.____
now
that
198,320
$1,522,069
.
tax
William
^"feasibility"
$1,327,982
206,472
—
—
long-term
on
$1,315,598
—
amended
Judge
557,480
218,399
___________
such
possible
Judge
on
Operating
that
to
Period End. June 30—
Philadelphia & Western RR.—Plan Approved—
''283,462
___.
for
for
The
by
597,388
285,407
tax__
believed
sale
amount
State,
575,804
——r
taxes
made
0270,458
_______________
:
income
liability
Water
_
•Depreciation
be
is
141,150
Cr624,669
—
.___
Interchange power (net)
Other
operating expenses
it
the
and
company's
been finally determined for prior
may be carried over from
$3,430,995
142,705
•
______
____—
purchased
1943
$3,133,752
LJ'Ji
revenues-
profits tax credit has not yet
years,
"
6 Months Ended June 30—
for
the
the 1942 Revenue Act.—V.
155, p. 2011.
tU. S. income taxes are calculated at
42%; 24% normal, 16% surtax,
2% for consolidated returns, the rates contained in the 1942
Revenue
Act on the taxable book income.
While the basis of the
Pennsylvania Water & Power Co. (& Subs.)—Earnings
Maintenance
City National Bank & Trust Co., trustee, 208
Chlcago. 111., will until 12 o'clock noon, Aug.
10,
to
enactment
upon
Sought—
The
the
on
excess
•Operating
(The
by
applicable
instead
Protestant Episcopal Church in the
Diocese of Chicago
Bishop and Trustees of)—Tenders
con¬
passed
Senate,
31%
at
be
2%
bill
the
of
calculated
are
U. S.
surtax,
revenue
pending
now
months,
taxes
1941.
1942,
normal,
contained
Representatives
income
and
at
the
of
92.
p.
six
calculated
returns,
House
4%
5,089,777-
the
are
solidated
'
railway
:L
railway——
oper.
taxes
1940
350,590
from
from
1941
$711,467
$807,710
115,292
____
income
oper.
Net
1942
1943
from
583
a
half after the Blue Network
organized as a separate
conformity with the new
was
coast-to-coast network, and in
regulations of the FCC relating to ownership of
more
•
Board
Aeronautics
would
that
tion
for
permission
routes through
air
operate
to
New
This
New England and the Middle West.
closely link
would represent an extension of the Boston-to-New
which Northeast has previously applied.
service
York opera¬
for
S.
President
J.
Solomon,
asks
proposal,
his
in
be
Northeast
that
permission to operate a service covering three routes: Route
the co-terminal points New York, N. Y., and Newark,
.N J., and the terminal point Pittsburgh, Pa.; Route No. 2, between
the
co-terminal points New
Yrok City, N, Y., and Newark, N. J.,
the
intermediate
points Binghamton, N. Y., Buffalo, N. Y., and/or
granted
No.
between
1,
Falls,
Niagara
terminal
and
New
Akron,
Cleveland,
Ohio,
This
its expansion and
previously asked the C. A. B. for a permit to
had
It
ment.
.
develop¬
proposal for
Northeast's third
was
point
Ohio, and the terminal
Ohio, Toledo,
111.
Cnicago,
establish
Paris, Moscow and other Northern
permission to operate a helicopter mail and
system serving over 400 cities and towns.—V. 157, p. 1849.
service to London,
air
post-war
European capitals and for
express
for
inviting proposals for the purchase as a whole from it
of $45,000,000 first mortgage bonds, series C, due Aug. 1, 1973,
The:
bonds are to be dated Aug. 1, 1943, and are to mature Aug. 1, 1973.
is
will be received by the company at
1316, 111 West Monroe St.; Chicago, up to 12:30
its office, Room No.
Proposals
The
—V.
o'clock p. m. Central
Aug. 9, 1943.
has the approval
War Time,
of the SEC.
^
bonds will bear interest at the rate of not more than
issue
new
158.
paid on this issue On Jan. 29, April 29 and July 29,
p.-1274.
■
' '
:
has
it
as
6 Months Ended May
Earnings
—V.
1942
1943
$3.13
Shows
Corp.—Report
Ogden
Reorgani¬
In
Progress
of disposing of its investments
and the reorganization and liquidation of its public utility subsidaries
of the corporation,
was reported by B.
H. Brewster, President, in
the semi-annual report to stockholders, issued' August 4.
Progress in
the plan for
The Laclede Gas Light Co. and The
Laclede Power and Light Co. was the major activity reported.
Part
of the plan relating to the sale of the electric properties has already
been
approved,
and other
phases of the proposed procedure are
awaiting final approval by the Missouri P. S. Commission and the
Securities and Exchange Commission.
The ultimate aim of this plan
is to have The Laclede Gas Light Co. emerge as a gas utility company,
with
the
electric
properties
of that company and of The Laclede
Power and Light Co. disposed of to the Union Electric Co. of Missouri.
Upon completion of the plan Ogden proposes disposing of all holdings
Considerable progress in the
stock
common
In
in
Laclede
program
Gas
Light.
integration,
of
the
$552,095" after taxes.
In discussing the recent dividend paid by Ogden Corp., Mr. Brewster
said:
"On
June
28,
1943
corporation,
with the approval of the
Securities and
Exchange Commission, paid a dividend of 75 cents
for
income
was
year
holders of record at the close of
business
on
June 14,
1943.'
This dividend amounting to $2,552,786
was declared out of surplus of the corporation at May 31, 1943, payable
out of
the
corporate earned surplus to the extent thereof on said
date
in
the
amount
of $1,284,363,
the balance in the amount of
$1,268,424 being payable out of capital
surplus."
Mr. Brewster also pointed out that the total assets of the corpora¬
tion recorded as at June 30,
1943, after giving effect to the dividend
payment, and deducting all liabilities except surplus and the reserve
for
adjustment of assets
required in reorganization, indicated an
assets value of $5.54 per common share.—V. 158, p. 195.
'.viN'.V •;
per
its
share on
transatlantic
the Atlantic.—V.
across
Co.—Earnings—
Activities
1943
General
Cr6,069
33,224
called
45,646
——**—
83,203
i***.**—
—_
;
140,100
Gross
137,000
5,170
on
6,133
$402,353
Miscellaneous
vote
:.
;*_***_*
discount, premium and expense:
Applicable to refunded issue
Applicable to
Net
issue
2,213
2,408
13,505
13,556
366
367
$237,602
$193,745
presently outstanding****
Balance
and
bonds
of
affiliates,
at
(quoted
cost
market
value,
$27,620),
parties.
made
be
may
and notes receivable (less reserve of $1,152), $74,148; accrued
utility revenues, $21,299; materials and supplies, $38,499; prepaid taxes,
insurance, etc., $10,194; deferred charges, $275,324; total, $8,425,796.
•,■2%,
v
To Broaden
—
/
;
,
the field)
the
has
charter amendment authorizing
,
The
been" called
have
There
of
for
of
the
they
And
-
.
:
as of Oct. I, 1943, a total
sinking, .fund gold bonds due April 1,
surrender of said bonds at the
earnings
expenses
$1,739,528
1,752,314
$6,500,997
6,325,978
*$12,786
$175,019
it
allied
from
$94,258
_
6,810,449'.
com¬
panies
of
for Otis & Co., who opposed the private'
bonds to Kuhn, Loeb & Co.
The Commission's!
f.
,v>v•<••• v.
It
appearing that it' is necessary for the proper administration,,
execution, and enforcement of Section 20-A of the Interstate Com¬
merce Act that a
determination be made (1) whether competitive bid-:
ding shall be required in the sale of railroad scurities Issued under:
the provisions of said section, and (2) if competitive bidding is required:
what
to
and
taxes
Earns.
per
2,035
4,255
8,804
34,297
$111,060
*$1,947
$213,572
is
charges
tAfter
and
pletion
tion
3,506
♦Net
2,187
24,813
12,835
of
inc.
*$4,134
$121,758
$113,365:
$0.37
Nil
$0.74
$0.69-
28,945
29,422
1,496
/
2,879
cos.
estimated
rate
of .the
the
42%.
at
1943
$3,295,071
3,050,180
**_„__*_******—
and
taxes__*______****—_
No
of
Clearfield
Coal
Bituminous
.
$28
r
3,098
Operating
Operating
to
Power
515,104
limited
of
investments
on
$266,992
long-term debt, $12,327; miscellaneous accrued items, $3,244; customers',
advances
for
construction,
etc.,
$3,948;
reserve
for
depreciation,
$912,749; contributions in aid of construction, $48,732; capital surDlus,
$213,900; earned surplus, $123,341;,total, $8,425,796.—V. 157, p. 2155.
-
Old Colony Gas Co.—Stock
The
Massachusetts
issuance
Department of
4,730
&
Fuel
at
Associates.—V.
$25
has
approved
157,
the
$17,575
$194,253
$1.18
period-****!:*—
share
___!
tAfter charges for depletion and depreciation-
$0.17
60,000
Note—1943
allied
Federal
loss
companies***
income
carryover
157,
tax
credit.
:**;
estimated
No
at
provision
w
.
,
2,997
2,575
$901,347
445,303
42%, reduced by a net
for excess profits tax
Dividends
2049.
the company regarding
Applications-declarations
by
5
before
the
5,450,177
5,684,157.
$5,180,858'
SEC
on
the following:
are
now
pending
The
Coast
Replies to Company—
stockholders'
protective committee, in a letter ad-dressed to holders of the company's first and second preferred stock,
denied allegations of the company that no member of the committee
is the holder of record of any of the stock of the corporation.
It
preferred
Co.—Committee
the
—V.
was
added
that
members
of the
committee
have
owned
for
Some
stock in the corporation and these shares recently have
to their names.
Their individual holdings and repre-
time
shares of
been
transferred
sentings
were
given
as
follows:
Ramelle
S.
Cannaday,
owner
of
80
tered
Service
Co.,
a
subsidiary
of
NY
PA
NJ
(3)
a
the
SEC
company
(File
liabilities,
No.
regis¬
Bradford Electric Co.,
Utilities
Co.,
a
a
$4,000,000 of first mortgage
5%
>
of Regional System—
Pennsylvania RR. —Earnings
(Excludes L.
I.
RR.
and
B.
&
•
RR.)
E.
1943—Month—1942
$
$
71,545,120 469,158,769 380,300,516'
struc.
7,712,984
50,008.879
—
13,741,760
12,409,131
81,074,177
876,139
-_*_*___.. 28,932,937
22,704,652
1,229,831
872,867
7,229,789
1,179,135
997,416
7,919,494
6,008,005'
26,064,265
13,197,600
932,217
1,010,055
25,971,931
142,146,991
113,706,807'
revs.—
oper.
&
Transportation
operations
General
expenses
rev.
Railway
*—_*
fr.
ry.
opers.-,
taxes
—
Unemploy. insur. taxes*
Jt.
'
1943—4 Mos.—1942
$
80,537,558
8,375,718
1,013,912
Railway
retir.
75,238,831.
4,904,090
175,114,720 133,325,398:
686,857
facil.
bal.
199,381
income*
10,038,155
13,664,490
5,573,156
6,037,896
211,034
rents-Dr
4,776,418
70,990,400
846,052
bal.__
rents—£>r
40,342,967'
5,664,719
9,106,574
846,655
1,297,126
taxes
ry.
oper.
with
subsidiary of NY PA NJ Utilities Co.
Erie County Electric Co.,
3,846,532
$1,334,326
158, p. 195.
Net
before
70-563), (2)
(File No. 70-602), and
subsidiary of The United Gas Improve¬
ment
Co., a registered holding company
(File No. 70-707).
If the
necessary approvals are obtained and the proposed transactions
are
consummated,
Pennsylvania Electric Co. will assume, among other
holding
likewise
3,841,151
$2,122,729
'
4,190,781
1,363,146
48,982,066
4,851,776*
.
4,846,340
5,954,050"
1,413,989'
application filed
respect to a program for the acquisition by Pennsylvania Electric Co.
of the
assets and the assumption of the liabilities of (1)
Keystone
Public
$456,044
—
Earnings of Company Only
.
Pacific
41,816-
$5,963,880
**;
Balance
Railroad
Pennsylvania Electric Co.r—Hearing On Application—
held Aug.
3 4,508
$11,414,057 $10,865,015
470,360
income
Equip,
were
6,542,593'
$343,536
applic. to pfd. stks. for the period**
etc., deductions***
Net
the
Hearings
15,999
$10,823,199
59,636
2050.
p.
14,472
$811,321 $11,379,549
$813,896
Net
Misc.
a
p,
67,000
5,328
of
income
required.—V.
share of 6,000 shares ($25 par)
common
are
to be applied to payment and cancella¬
tion of outstanding unsecured l!/2% demand notes now held by Eastern
Gas
by the company
stock.
Proceeds
Utilities
for
common
2,850,000
3,405
income
Period End. June 30—
—
♦Net
operating
Issue Approved—
Public
per
3,490,000
1,390
$22,304
5,738
(estimated)
income
tNet
Earnings
237,500
(net)*—
income
Gross
posits
$59,071;
interest
22,624.689
term
equip
accrued
2.043,676»
285,833
$897,942
way
$153,883;
2,070,984
oper.. revs.**—
Net
of
taxes,
6,996,513
168,648
,
*
of*
income
620,162
150,457
*__*__**•_*"
taxes
Maint.
Federal
24,097,989
Property retirement re¬
serve
appropriation**
Maint.
accrued
1,851,595
2,050,653
Other
!
1943—12 Mos.—1942
$3,899,989,. $3,690,616 $48,039,507 $44,900,156
16,041
income
taxes
Income
Light Co.- -Earnings—
expenses*—
Federal taxes
*i
Traffic
common stock (40,522 shares, no
par), $3,155,898;
debt, $3,698,000; accounts payable, $12,647; customers' de¬
and accrued interest thereon, $28,057; accrued general taxes,
&
1943—Month—1942
revenues****
6,235
19,003
income
Charges
Y.... «
at their option surrender the bonds at any time prior*
date and thereupon receive 102 Vu and interest to Oct. 1,
158, p. 491.
«
:.
-T
may
long-term
Liabilities—Class A
:
:
and interest.
Payment will be made at the office of
either in Philadelphia, Pa., or at 380 Seventh Ave.,*
Pennsylvaiiia
t
Corp.
income. ***_**____***_*_*___**_i._£i*_
Gross
,'\r
*
N.
Period End. June 30—
pro¬
1942
;
$3,435.266,.
3,435,237
$244,891
profit *_**_i*_*_*_*___*_——***
♦Dividends from allied companies (operated by
virtue
York,
/'
briefs,
their
in
■*.
outstanding first and refunding mortgage 4V2% bondB,v
April 1, 1977, have been called for redemption as of Oct. 1,»
102 Vb
at
is -desired.
hearing
company
Int.,
V
Sundry
to.
Ended June 30
Earnings for Six Months
earnings
expenses
applicable*
relating
an
Called—
Bonds
All
Other
vi/'.'V
■
tax
income
v";
Operating
it be
prescribed
.
116,112
+2,030
profits tax required.
excess
should
be
.
■'
for
oral
series A, due
»
vision
should
interested party on or before Sept. 15, 1943;
is
further
ordered that parties
shall .indicate
whether
V
118,103
4,839
■
.
'
*
Federal
securities
conditions
'
that
ordered
Amort,
for dedeorecia-
allied
10,000
67,000
46,000
*Loss.
Note—1943
or
"•
investigation be, and it is hereby, instituted
into the matters set forth in the preceding paragraph;
,
v
It is further ordered that briefs in this proceeding may be filed by*
29,050'
$61,554
periodshare*
*
railroad
classes of
or
regulations
sales:
It
$136,200
(est.)*;
com.
class
what
such
1943.—V.
—„—.*_
inc., for
tNet
D.
12,892
98
7,536
*——_**_
Charges to income
Income
victory
follows:
Holders
income
income
Competitive,
Into
Investigation
to redemption
Bituminous Coal Corp.
Gross
(,
order
the
entered herein on
Orders
represents a major
of the P. O. &
New
Clearfield;
—
affirmed;
and
that
ordered
Porter,
sale
'order
by
(operated
virtue
further
is
The ICC on July 31 ordered an investigation in the matter of
competitive bidding in the sale of securities issued under Section 20-A
the Interstate Commerce Act.
The ordering of the investigation;
1943,
Operating profit
♦Divs.
approved
of
$6,904,707
$103,426
taxes
&
and associates.
f
1943—12 Mos —1942
$1,560,373
1,456,947
-.—*——
Re-;
series D, and The Pennsylvania RR. to assumei
bonds,
hereby,
are
^Commission
any
1943—3 Mos.—1942
Period End. June 30—
Gross
Denies
Bidding for Rail Issues—
Pennsylvania Coal & Coke Corp. (& Subs.)—Earnings
Open
'*
^
RR.—ICC
Detroit
&
,
.It
.
Ohio
of the Commission; by
July 28, 1943, suspending thet
effective date of said order of July 26, 1943, -to and including July 31,
-1943-, be, and it is hereby, vacated and set aside,-;•*•=
t*-v7
redemption
upon presentation and
trustee.—V. 157, p. 557.
1943,
1,
12 (c)
the General Rules and
the above-entitled pro-ceeding, and of the petition of the intervener for reconsideration of"
the report and order of Division Four herein dated July 26, 1943, and
upon hearing oral argument by all parties to the proceeding, and being
fully advised in the premises:-It is ordered that said petition of Otis & Co., intervener, for recon¬
sideration and rehearing be, and it is hereby, denied.
V
It is further ordered that the report and order of Division Four,
herein, dated July 26, 1943, authorizing The Pennsylvania Ohio &
Detroit RR. to issue not exceeding $28,483,000 of first and refunding
•
105 and, interest.
Payment will be made at the Irving Trust
Co., trustee, One Wall St., New York, N. Y.
Holders of any of the;
called bonds may at any time receive payment at 105 and interest toi
Oct.
of
(2)
July 31 denied the petition of Otis & Co, for a rehearing;
on
-Commissioner
at
office
(b)
396.
ruling of the Commission follows;
V
' Upon further consideration of the record in
and
however, the amendment con-,,,
"finally adjudged liable for negligence
duties."—V. 157, p. 2049,
$50,000 of first mortgage 5%
1952,
U-42
Rule
p.
the sale of $28,484,000 of bonds to Kuhn Loeb & Co.
mortgage 3%%
company,
Parr Shoals Power Co.—Bonds Called—
.
of
158,
obligation and liability, as lessee and guarantor, in respect thereof, be, >
corporations.
misconduct in the performance of his
$26,495;
accounts
r
to
in
virtue
The
'V-^
Operating
Assets—Property, plant and equipment, $7,590,969; miscellaneous in¬
vestments, $1,650; cash, $169,121; U. S. Government securities, $218,096;
The ICC
on
indemnify officers and directors against
connection with proceedings to which they
proposal
expenses
tinues, will not indemnify anyone
Gross
June 30, 1943
Sheet,
a,
exempt from the requirements of Section
bonds is
by
hearing On Bond Issue—
disclosed
Consolidated
'
income
•
other
another
on
liabilities
Amort., of debt
,
approve
of
Act
Pennsylvania
the t
will employ part of its present working capital and all or part of
any additional capital which it may raise.
It is contemplated that the
company may raise such additional capital by the offer and saie of
part of its unissued shares to stockholders."
Coincident with action on the investment matter, stockholders will
150,126
long-term debt
to
Aug.
$4,198,667
—
the
of
pany
$360,202
148,667
!
income
Interest
20
securities
statement
proxy
bonds to the date of
16,667
expenses—*—22,000
application indicates
Regulations.—V.
to be broadened to include
are
company
series
that Pennsylvania Electric Company pro¬
poses to offer the bonds for competitive bidding pursuant to
Rule
U-50 promulgated under the Public Utility Holding Company Act oL
1935; / The
applicant considers Section 6 (b)
of the Act. as being,
applicable to the proposed transaction, and that the redemption of
that the company intends, so that the
investment phase of its business will not become subject to the Invest-;
ment Company Act of 1940, to limit the maximum value of securities
owned at any one time to 35% of total assets, exclusive of cash and
Government securities, on an unconsolidated basis.
These amounted
to $5,760,573 on Dec. 31, last.
.~>Y'„
•'
"In acquiring securities," the proxy statement explained,
"the com-*
$351,069
-*___.,*
_
Other income
,
77,629
$397,183
taxes*****—
income
earnings
for
in
transaction
27,472
53.782
-
._*__
depreciation*-
taxes
Federal
Net
——_
for
Provision
General
190,439
charged to construction*—
expenses
Maintenance
this
mortgage 5%
$4,000,000 of first
1978, of Keystone Public Service Co,__
$4,160,000
mortgage 5%. series
•
I
1, 1978, from the date of delivery of the "v.; .*■ v.,,
estimated
pay,
The
general investment in addition to its integrated operations in
petroleum industry.
To do this a special meeting of stockholders
$826,186
205,518
Crlt440
—-.:-w.
■.
1942
:>■
$911,571
revenues
Operation
of
104%
the Keystone
inaugurated
American
Refining Co.
&
of
Sundry
12 Months Ended June 30—
Pan
157, p. 2255.
Producing
'■
estimated interest on the first
Total
Corp.—Establish Records—
since
applied
be
will
bonds
Co.
according to Associated Press"
30
route
air
not'
additional
approximately as
V!,; ;! ..-""".'/V''::..V
redemption of the Keysotne Public Service Co. bonds**—
regularly-scheduled commercial air service across the Atlantic in
lease)
Ohio Water Service
July
on
Electric
at
at
be fixed
additional Pennsylvania Electric Co.
of vital express
shipments and 2,683,000 pounds of international mail have been flown*
stock to
common
corporation
will
interest rate
the
and
annum.
-•
pay
To
1850.
p.
bonds
per
proceeds to be derived from the sale of the
estimated
redeem
with
except
Co.,-
maturity date, interest dates, interest rate
The price to the Pennsylvania Electric Co.*
will be fixed at not less than 104% of the
date,
price.
thereof
amount
3%%
; bonds due Nov,
v
May, 1939.
In the past four years more than 4,302,000 pounds
j
v-Operating
157,
additional
Electric
Pennsylvania
of
bonds
issue
the
> bonds, due Nov. 1,
announced that two new records—
miles flown—have been estab-_?
lished by the big transatlantic Clippers of Pan American World Airways.
The records, unequaled by that of any transoceanic commercial air¬
line, according to the announcement, were recently chalked up by the
42-ton
flying boats in the course of 1,550 crossings of
the "blue
and
dis¬
substantially all of its miscellaneous investments through
sale or liquidation.
'' <
'.■; -■-» ■ •
•"
.'r
The
report shows a net income of $301,243 for the six months
ending June 30, 1943. alter deductions lor all taxes.
This compares
with net income of $112,277 for the first half of 1942.
The 1942 net
posed
1944."—V.
The
or
the progress made in liquidation, reorganization
Mr, Brewster pointed out that the corporation, has
reporting
mortgage
redemption
follows: '
To
identical
be
than
The
competitive sale, $4,000,000 of its first mortgage
Sept. 1, 1943, and to become due Sept. 1, 1973.
with the presently outstanding $32,500,000
at
dated
will
Pennsylvania
50,000 passengers carried and 8,000,000
A
zation Program—
of
-
"Occupancy of the building, formerly occu¬
pied by the Aviation Corp., is taking place now.
Output will be
rolling within a few weeks and capacity is expected to be reached
been
4
the
that the
July 29 announced
on
be
to
the
more
this. year.—V. 157,
("•
'' v.
Operations—To Enter Investment Field—
$4.84
,
to
principal
Christopher stated:
Mr.
.
$415,204
$280,048
1
2049.
p.
of
from
advices
Panhandle
31—
after charges and taxes
common share____
per
157,
President,
Christopher,
T.
for Rolls-Royce aircraft engines,
Detroit, Mich.
of parts
Co.—Earnings-
V? Ohio Seamless Tube
Net profit
The holding consists
158, p. 395.
stock, with no. par value.—V.
of common
2,500 shares
and
sell,
bonds
first
of
has acquired a new plant in Toledo; Ohio, and will operate
the Packard Motor Car Co., Toledo .Division, in -the production
first
the SEC to approve the sale of its entire
Electric Light & Power Co. to the Connecticut
Co. for a base price of $485,000.
Light & Power
of
Such
*
such
and
hondS,
.
Car Co.—Acquires Plants—
Packard Motor
George
ribbon"
Co.—Sale of Sub.—
asked
Litchfield
in
interest
•
of Keystone Public Service Co., and, in order to provide':
redemption, Pennsylvania Electric Co. proposes to-
1978,
for
issue
To
•
before
;
July 31, !I943,
kwh. for the
158, p. 490.
of
NY PA NJ Utilities
company
.
Co.—Tenders—
Cement
Pan American Airways
this company for the week ended
totaled
39,339,000 kwh., as compared with 34,571,000
corresponding week last year, an increase of 13.8%.—V.
The
•»_
1,
funds
special
a
3Y4%.
(Del.)—Weekly Output—
States Power Co.
output
v
sale,
present
respect
.
Electric
/
Nov.
directors' meeting it was voted to request tenders of
6V2% cumulative preferred stock at $60 a share.
The company will
not purchase more than 13,942 shares at this price, and tenders must'
be delivered
to American Trust Co., San Francisco, by Sept.
15..
If
more
than 13,942 shares are tendered, all offers will be prorated.
Preferred is a $100 par stock on which arrearages totaled $43.75 a
share at the end of 1942, it was stated.
Dividends bf $1 each were'
396.
p.
Northern
The
company
-
Company
stock,—V. 157, p. 1948, 2049.
Portland
Pacific
At
Invita¬
Proposals for Purchase of $45,000,000 of First
Mortgage Bonds—
The
second preferred
issue and sell, at com¬
35,000 shares of its cumulative preferred stock.
application proposed that, subsequent to such assump-»
tion, and simultaneously with the issue and sale of 35,000 shares of
its cumulative preferred stock, Pennsylvania Electric Co. will, call for
redemption the entire issue of the first mortgage 5%! series bonds, due
petitive
,
Service Co.—Public
Public
Indiana
Northern
tion
Florence
Muller, owner
shares of this
class of stock; F. Beaman Todd, owner of 70 shares of first prefeired
and, representative of
1,900 shares of this issue, and also of 510
shares of second preferred.
;
'
<
•'
"
■ V
The letter added that in addition to such stockholdings the committee
had received the approval of and is acting on. behalf of the holders
of approximately 7,713 shares of first preferred and 3,832. shares of
Dudley, owner of 180 shares of first preferred; H. W.
300 shares of second preferred and representing 30
of
of Keystone Public Service Co., and will
1978,
preferred and 300 shares of second preferred;
first
of
shares
E.
Pa., Detroit, Mich., Grand Rapids, Mich.,
111.; Route No. 3, between the co-terminal
Erie,
Y.,
N.
point Chicago,
York, N. Y., and Newark, N. J., the intermediate points
Atlantic City, N. J., Philadelphia, Pa., Harrisburg, Pa., Pittsburgh, Pa.,
points
a
Monday, ^August 9, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
582
series bonds, due Nov.
1,
June—
Gross
from
Net
from
Net
ry
income—
1943
1942
Net
from
ry.
railway
p.
.
1941
1940
/
10,023,008
13,674,281
10,089,616
7,211,793
/
468,321,215 379,621,861 278,137,615 220,771,964
railway
oper.
158,
.
$80,383,573 $71,413,011 $53,571,905 $39,964,850
26,036,102
25,967,613
16,335,049
12,066,239*
Jan. 1—
from
Net
—V.
railway
railway——*_
.oper.
From
Gross
.
53,986,612- 47,658,586
—
income—
91.
142,146,809 113,839,612
76,684,571
61,927*121'
47,863,104
42,679,310
36 305 465
54,053,514
'
'
Volume
Number 4201
158
THE COMMERCIAL & FINANCIAL CHRONICLE
Pennsylvania-Reading: Seashore Lines—Earnings—
June—
_
Gross
1943
>
from
1941
normal, 21% surtax, 2% for conreturns, the rates contained in the revenue bill passed by
of Representatives and now
pending in the Senate, on the
taxable income for said six months, instead of 31% applicable to
1941; and social security taxes are calculated at 6% instead of the
1940
$1,131,952
oper,income—
115,292
?c'?oo
16,129
51'!!!
26,946
5,089,777
3»762,538
3>000,582
from
Net
ry.
the
130,363
From Jan. 1—
„
Gross
Net
from
from
»Net
ry.
rftilw&yv..*-,.*,
_
nnn
_00
railway
oper.
344,673
income—
*1
747,879
"rla
nra
4%
2,475,535
applicable in
q-j
*i,wn7M
1,250,760
1,064,646
House
1942
158,
92.
p.
Pprni«vl\ranin
Pennsylvania Wnfpr & Pnwpr f!n
water & rower go.
(A-
Subs 1
»uds.)
6 Months Ended June 30—
on
1943
1942
Other
operating
Other
602 532
644,372
557*480
218 399
218,399
,ThT?,
by,J *
283 462
549410
inenme
218 188
216,188
<R1
315 598
~
—
Interpol
of
I^erest
debt
198 320
8l'679
slocK
stock
common
after
81 626
HR1
^1
'
-mYlctT®^—'—-——*77—7.-":.—7
^
•••-
'•
•
r
There have been called
1964,
at
105. and
,
Tntpj*mtinn
_.
Prnfram—
_
The
and
19
Aug.
on
.
Exchange
of
the
,
.
Commission
consolidated
.
has
,
ordered
hearing
matter
Since, the
hearipgs
amendment
to
were
adjourned
s
Peoples
Coast
Co.
As
Power
will
Co.
of
part
a
the
be
into
merged
agreement
merger
California
(a)
to-be
supplied
'after
deliver
•
of
by further amendment.
Texas
'
will
the
plan
exceed
$500,000.
^aSle
•tribution of
such
of
Holders
.
The
that
will*
-
stock
subscription
who
to
by
of
record
to
of
shares
subscribes
at
the
he
as
statement
York
New
the
to
to
the
„
:
;
.
also
nrice
desire
may
the
.
"but
<tf
be
of
"L
»-
present
preferred
stock
preferred
of
stock
held,
oi-
of
total
a
Peoples
and
will
committee
of
95*
of
for
such
Tnync
the
•of
it
stocks
of Peoples will receive
2.1%
and
stocks of California and of Texas
capital
2.9%,
'
'
on
the
Peoples
will
Co.
Farm
distribute
or
stockholders
the
'receive
(or ift
they
of
dispose of
Peoples,
have
the
-
rale
Texas
and
Texas
.
after
-Z'-.'Z;
will
Peoples
of
the
will
thereupon,, be
State
of
dissolved
Delaware.
in
-
•
Peoples
with
the
i
of
the
the
stock
common
sale
by Peoples
Co.,
Utilities
one
of
of
of
its
r>„v,u„
k-
158,
196.
p.
within
,
A
directors have declared
the
capital
stock,
like amount
ment3
in
was
1942
disbursed
were
Aug.
Swift,
15
follows:. Feb.
as
r
Kent
to
16
Feb.
on
'dividends of $4 each; and Nov.
E.
quarterly dividend of $2.50
a
payable
and
16
of
on
and
16, $2.
T
*
President
holders
of
May
Aug.
15,
•
«»*
„
Whitm
.
Z
■
;
Works,
1,101,534
,
The
ended
electric
July
output for
31,
1943,
,11,455,000 kwh., or
,
V.
158,
.
w
the
10.6%
to
over
Operating
r
:
-
.
'
'
'• Z
$265,278
To
Taxes,
.
stock
the
for
value
week
(&
(par
6,118,583
2,746,127
17,818,293
,
!
14,418,445
<
1,800,000
.
Philadelphia under 1907 agreem't
t7,482,510
also
Gross
Rental
income
of
leased
Miscellaneous
Income
-
*4,128,231
2,949,131
—
$8,066,180.. $6,669,082
231,099)328,571
funded
for interest,
debt
etc.
of
reserve
shares,
$177,574),
stock (par $100),
no
notes,
$699,510;
accrued
$14,818,590;
$27,694,445;
par),
$576,000;
com¬
long-term
debt,
accounts
payable, $1,15G,469;
(State, local, etc.), $1,^
taxes
income
tax, $3,251,566; accrued interest,
$561,455;
liabilities, $80,210; deic-rred credits, $1,125,592;
current
contributions in aid or construction,
$549,492;
$1,370,344; total, $137.258,319.—V. 158, p. 92.
into
its
jurisdiction
Co.
of
Oklahoma—Merger With Unit
of
to
holders
to
Middle
for
West
preferred
$6
shares
15,000
in
subsidiaries
its
issue
exchange
owned
now
of
basis,
share
to
proposes
by
of
Service
158,
of
for
15,000
for
the
Middle
preferred
shares
shares
11,167
West.
It
stock in-ex¬
of
the
24,411
the Public.
All
$6 preferred stock owned by
not exchanged
pursuant to such offer will
plus accrued dividends.
All shares acquired by
shares
share
per
11,167
5%
Southwestern's
$100
Public
stock
offer
share
a
of
—V.
indirect
are
•
common
on
companies
Public Service
merger
Southwestern's
proposes
..
The
Corp.
the
Public
$234 565
the proposed merger of Southwestern Light &
parent, Public Service Co. of Oklahoma, but has
with respect to certain features of financing in
therewith.
West
receive
will
be
cancelled
consummation
upon
of
the
merger.
92.
p.
Purity Bakeries Corp.—To Refund Debentures—
The
com-
to
to
etc.,
including
$1,800,000;
bank
payable,
wages
The
of
taxes
1949,
-
Jan.
-
'
1943
.
of
amount
per
$1,000
trustee,
Holders
trustee
V.
The
p.
$0.47
8
all
un¬
the
redemption as of Sept. 8, 1943, all
sinking fund gold debentures, due
5%-
interest,
Payment
Wall St.,
amounting
will
York,
New
debentures
be
N.
all
to
the
at
$1,029.3055
Bankers
j
them
surrender
may
in
made
Y.
at
Trust
■
the office
of
the
time prior to the redemption date and receive the full
including
accrued
interest
to
Sept,
8,
1943.—
1949.
Z;v
; „■
price,
have
directors
stock,
with
15
1942,—V.
Inc.—10-Cent Distribution—
declared
no
similar
A
5.
1,
Sept,
on
,
compares
May
3%
10-year
a
any
common
Aug.
for
called
and
iPurolator Products,
the
on
redeem
below).
Debentures—
102
the
$3,900,000
money to
1948
(see
In
dividend
a
value,
par
paid
cents
157,
p.
of
10
payable Aug.
distribution
made
was
Nov,
on
1,
cents
share
per
on
16 to holders of record
May
1, last, which
1942,
and
10 cents on
on
.yZv.
1366.
Quarterly Income Shares, Inc.—Earnings—
Statement of
Income for
the Three
Months
Ended
July
15,
1943
Income:
Dividends, $249,106; interest (incl. $3,912. contin¬
interest), $29,535; total income..
Expenses, $39,076; interest on bank loan, $10,069; provision
for Federal income tax, $12,987; prov. for Federal capi¬
gent
penses
$0.42
tax,
$568;
'
miscellaneous
taxes,
_______
$968,
total
$278,641
ex¬
________________
'
63,659
$128,052
$0.50
and
of
at
157,
at
16
the
20-year
debenture.
-redemption
1941
,*$141,505
Federal
$263,362
1948,
tal-stock
1942
*$151,381
1,
borrowed
use
has
outstanding
Co..
have been
.
has
will
debentures
corporation
the
loans,
$41,050;
and
5%
of
To Redeem 5%
the
intangibles,-$4,-
note
$3,900,000
corpo■
corporation
secured
International
in
taxes
1943
on
and
*Net
income
$214,982
—
♦Exclusive of security
income
$283,008
ended
July
-
June
30
amounted
to
$4,423,148
1942.
of
the
3,
company,
1943,
The book
$8.07.-
of
value
-z
-
to
1
to
annexed
Current
over
current
share
while
•
Rainn^
by the
$2,422,224.
22.25
per
is $10.67,
.
shown
amounts
ratio
a
as
of the 300,000 outthe net current asset
,
Z
profits
or
losses.
Notes—(1)
During the period the company received $37,224, repre¬
contingent interest on Baltimore & Ohio RR bonds for the
year ended Dec, 31, 1942, Of this amount $33,312 is applicable to the
period prior to the dates on which such bonds were acquired and has
306,732
curtain
trade
(less
tax
S.
7/e %, ctfs.
Other
47,260
135,453
indebtedness
B-1944
...
of
'
1,1681762
15,090
96
excess
11,926
.<17,060
...
18io80
profits tax..____^
30,213
31,563
956,688
991,750
45,841
(net)
■
121,410
350,000
assets.^
Tefund
assets
.....A
notes.:
of
Investments
Post-war
669,198
co.__:__„-__„yZ.___-:
savings
current
Fixed
$251 628
48,495
charges
-1
Z
-
Total
:
Accounts
$3,341,945
Accrued
taxes,
wages
and
and
sales
of
old age benefit
insurance taxes_._._w„.
for Federal
2,368,458
Reserve
-for
81,896
Capital
stock
Earned
surplus
$4,898,488
$4,398,199
$4,002,146
3,193,474
3,265,480
55,959
34,494
Capital
Federal
($5
and
taxes,
2,111
1942
17,205
3,278
State
par)
taxes,
1943
p.
2051.
y
9,326
263,362
...
1,500,000
410,368
1,298,297
1,298,297
$3,341,945
^
as
at
value
collateral
based
against
.
during
the period
'
15, 1943
on
closing
market
quotations
bank
loan), $20,361,275; cash
deposit with custodian, $619,418; due from brokers (securities sold,
not delivered), $12,324; interest and dividends receivable, $38,823;
furniture and fixtures, $1; total, $21,031,840.
on
Liabilities—Accrued interest on 2V*%
bank loan, $8,362; accounts
payable and accrued taxes, $82,315; distribution payable Aug. 2, 1943,
$210,594; 2(4% secured bank loan, $1,799,650; common stock ($0.10
par), $234,012; paid-in surplus (after charging $8,107,464 representing
portions
of distributions to stockholders),
$20,663,768;
distribution
account balance
ments
(representing income surplus), $21,241; seourity profits
excess of specific certificate cost of invest¬
thereof based on closing market quotations (deficit),
total, $21,031,840.—V. 158, p. 196.
(deficit), $417,802;
over
value
Radio Corporation of America—Sale of Blue Network
Sarnoff, President, on July 30 announced that
agreement has been reached to sell the Elue Network
for the sum of $8,000,000 in cash to Edward J. Noble,
former Under-Secretary of Commerce.
an
351,837
...
$3,586,009
_j__
surplus
157,
State
pledge
Sheet, July
—David
3,288,997
and
securities
but
73,705
and
liabilities..
current
Investment
$57,080
43,824
commissions
including
unemployment
Other
($4,724,437
$1,570,299;
$8,810
salaries,
—V.
Purchases
surplus
$3,586,009
—
payable
Accrued
60,822
$713,149
based
Assets—Investments
for dis-
886,705
S.
U.
2,538,632
-
Unrealized
value
(3)
492,306
reserve
accounts)
Inventories
Reserve
$1,132,719
been
applied as a reduction of their cost.
depreciation on investment securities (excess of cost
on
closing market quotations) was $1,570,299 at
July 15,
1943 and $3,388,140 at April 15, 1943.
The decrease in
unrealized depreciation for the period was $1,817,841.
(2)
aggregated $382,657 and $485,125, respectively.
$638 430
f—.——~
$6,452,500
$1,705,014
therefore
over
.
nhwi
compaiawve uaiance aneei
Total
Balance
in
doubtful
$6,997,653
$8,297,279
256,995
...
$6,145,768
.
lines........—3,141,796
available
on
accounts
receivable (including instal¬
$1,855,023; materials and
$2,418,402; prepaid insurance, taxes,
deferred debits, $3,494,127; total, $137,258,319.
shares
'
$233 821
_
and
-U.
f
;
Interest
Sheet, June 30, 1943
of $31,342),
Service
Co.
28304
Liabilities—
-
—
deductions
42,697
$2,837,795
$13,985,723;
change,
$262 869
55291
-
i<iW
and
taxes
represent
"
"
3,794,590
"———-
gains)
is
receivable,
Atlantic
...
208,247
-
49,315
$2,889,605
Balance
Deferred
"
share
A^ts—
-counts
-—___
expenses....96,797
includ. payments to City of
-
Z
shares of capital stock
per
Cagb
11^746,263
,
of
as
$2,536,206
Accounts
.
2,919,535
....
-
4,263,132
cap.
22,642
$1,186,854
$2,515,000;
(less
surplus,
shares
-
$289 112
bonds due March 1,
rnmnnrjUvi.
•
5,025,907
4,654,199
.
notes,
reserve
deposits,
•<$108 par)
w
$100),
accounts
and
the
capital
v
Suhs.)-yEarnmgs
3,355,212-- 2,861,508
3,792,055
3,269,548
-.
expenses
-
in
500 2gs
sheet
of
■
,
charges
liabilities of $113,982.
v
-
v
Tor
abnormal
operating
and ..other, contingencies....
Operating income—i.
.Non-oper. inc. (incl. net
25,359
unsecured
effect
4 993
:
»
n.,
June 30—
profits
and
balance
T-
v
i
Rate case
,
after
excess
islanding
.
~
,7,777,588
•-
Provision
;
:
i
i
1943
1942
Z 1941 ■
$54,842,834 $41,936,776 $35,327,321
'
revenues
and prop, renewals...
operation
:
Conducting transportation
General
599,808
Crl3,411
$1,371,913
(1,107,777
Public
$257 876
23 834
i«
per
in .1943
«
'
.Power
exps.
535,110
Cr45,128
Approved—
a
S,
™
-Net sales for the six months
-
Whitinsville,
,
Maintenance
: Depreciation
,
and subsidiaries
Philadelphia Transportation Co.
,
and
.*
119,243,000
i..
v12 Mos. Ended June 30—
284,243
Cr8,411
onn
sh. .on 300,000 com. shs.
*Provision has been made for State
kwh., an increase of
the corresponding week of last year.—.
491.
p.
,
company
amounted
-
•
-Earns,
.
.
2,670,624
Federal
reserves,
earned
956^869
;Z Z '
'
total, $5,535,483.
$250,000;
year,
Net profit
r
Machine
'
,
2,654,964
senting
'
p" 185°*
A'
(,-Z.
t
Z
' '
,v
iZ
'«
Philadelphia Electric Co.—Weekly .Output—
Z,.
stock
Middle
'
property,-equipment,
$297,769;
one
board of the late William- Dexter.—^SafcsetsZ
on
1,296,064
......
tax
637,423;
1941
Balance Sheet, Dec. 31, JM2
Z
Peppereilhworking
nocrf ^
1,368,063
.
.
Cr29,790
customers'
nnnmv^ thZ nrivl
^
dn
5?rfct mn5S?2 Slfti -wh-^ wtlr - ^2 K
naia„«-:
■*".-•-6 Months Ended
on July 30 was elected a director and trustee of the
Manufacturing Co., which has executive offices in Boston, Mass.Mr.-
{err a
$6,137,513
expense
miscellaneous
$1 214 745
called for redemption as.of Sept. 1, 1943 at 101 and interest. Paybe
attbA„Safe PTslt & Trust Co-> trustee- 12 South
St., Baltimore, Md.—V. 157, p. 733,
;
/y,
Z
ZZZZyy -Z
9.
Paysemi-annual
15,
$6,083,866
Liabilities—Cumulative preferred
Powdrell & Alexander, Inc.—Earnings—
last.
; Mass.,
-
share
Aug.
•
,
...
per
record
0r98,369
$2,781,393
discount,
&
connection
1942
.
The
$6,235,882
71,765
249,802
reserved
.
on
debt
$69,751,500;
Power
o0.„i„0
gafje ,5/2 ^ sinking fund gold
,
.
$6,012,101
Dr17,024
.
accrued,
•
Pepperell Mfg. Co.—To Pay $2.50 Dividend—;
of
becomes
i Q4?
Liabilities—Common
-V
Peoples Gas Co. of-Port Arthur,
■
common stock of the Western-States-s.
the
$2,798,417
$2,985,348
accounts)
mon
$750;000; owing to International Telephone & Telegraph Corp., $373,401;
deferred liabilities and deferred
income, $116,311; bank loans maturing
•
the
subsidiaries.—V.
$2,944,266
41,082
long-term debt.
on
ment
Bonds Called
Public
1,103,600
income
supplies (less
etc., $185,694;
a
$92,647; interest accrued, $3,090; reserve for depreciation,
The consummation of the above program. is-.declared to be con->f,
$1,186,686; earned surplus, $922,297; total, $5,535,483.—-V. 157, p. 1653.
tingent upon the Commission's approval of the proposed transactions
jf-Z '■
"7vZ
,Z,
which
relate to a
refinancing of West Coast, the declaration of a
i.;-;
dividend of $754,400 from West-Coast to-Peoples,
the contribution
fniVi
A
of $1,000,000
by Peoples to Texas Public, the acquisition by Texas
A total of $16,500 of Baltimore Parcel Post Station leasehold mort-
'and
2,710,684
deductions
i
Z
the
•
;
550,764
1,103,600
Miscell. interest & other
number
DUrD0Ses
supplies,
'--Z
accordance
.
as'
distribution
of
91,800
1,493,284
(net)
such
$1,366 812
_
Tti0
Assets—Plant,
'iZ^:;';-:y-V-;
.
(6)
will
therein)
the
--Z Z-
of the 'presently issued purchase warrants
not participate in the plan.- - -•
--Z-
laws
,
investment
Z.';;
83,200
tax.
profits
struction
held.
618,309; miscellaneous investments, $1,400; special deposits, $460; prepaid accounts and other deferred charges, $61,632; amounts due from
*.affiliated companies, $184,710; cash in banks and on hand, $97,246;
accounts receivable (less^reserve of $14,684), $273,957; materials and
Farm• Co.
(5)' Holders
i
;
Service
,1,080,355
profits
premium
which
to
1933
„
Z
V
income
'
o-
the
such-stockholders
Public
Public
Z-
Service
to
2,268,243
1,430,998
The SEC has approved
a
,
•'%
'
company
Int.
Amort,
of
make
Telephone & Telegraph Corp., being the amount subordinated
bank loans, and the balance of the funds will be used for other
^'
B
respectively,
Public
Texas
to
to
share
of
bank !oans of *1.000 000. »216,OC0 has been repaid
Public.
such
whereby
in
described.
(
in
of
s^le of Peoples'
California
in
stock
basis
a-
ihterest
therproceeds from
will
investment
capital
on
relative
same
its
the
2,049,106
614,800
of Fed.
operating
Gross
security ruling ruled
right to subscribe - on
expenses..Z,,yZ--.Z:Z.ZZ Z*Z:
operating
,
(4)
V
Net
ni„,.,ndln-
hpiH
class
1,179,513
excess
Treasury
share
?™cLIdlan7he U^ted States
'
insurance
pa^ee5 'nr0„"nd3^","K.„„.v
capital
fnH nf'
PnhK fL pvp2
cLp? If nn^nJ
'rnhrmfJn fh* APAnnlprfhnirt»L of class A and
^
Through the proposed exchanges, holders
.'common
1943—12 Mos.—1942
income
in lieu
&
Excess
ground
common
exceed
Act
revenues
KiPt' adT™ romnwJ
each
uno^rece'lD? ofP th^shar™8 n't ?«int2a5sS[o?ksCOJfmcalifo?nta
Peonies
an
100
Indiana, Inc.- -Earnings—
Normal and surtax.
' '
GO.—Annual Report—
A
u
operating
Total
3V,
receive
of Texas Public
to
exceed
752,798
Balance
shares
per
to
Securities
quoted "ex"
156, p. 2155.
telephone
or!!! Sri Irrh ?
share
•
1938
to
Assets—Utility plant (including intangibles), $118,197,538; construc¬
fund, $4,000,000; investments, $209,928; cash, $4,382,606; U. 8.
entitled
$10
not
be
4.—V.
Calendar Years—
.
Total
there-
Exchange
stock
August
forto Klco
common stock ($1 par).Net
shares of capital stocks of
California
Coast) and Texas Public will make a disto its stockholders on-the following basis:
'
stocks
the
1,
tion
additional
one
number
will
same
under
Curb
common
the
the capital stocks of California
Nov.
prices not
taxes:
August 5 will be entitled by way
subscribe
such, allotment
subscription
Wednesday,
West
shares of
dated
at
effective.
and 83,201 shares class B
of
notes
(nor¬
24-S
2455.
n
p.
^
receipt
Charges
the
report
the
on
^U4
and
.
with
5%
$40,249.50
1943—6 Mos.~1942
surtax
Net income
reoreanization
common
entitled
.
($1 par),
A
196.
p.
Interest charged to con¬
Texas
stock
series
exhaust
Other income
n7an—V157
the reorganization plan.—V, 157,
the
oi
stockholder
is
to
Peoples, upon
(after merger
Co., trustee, 208 So. La Salle
Aug. 10, 1943, receive bids
noon,
1,153,340
taxes
&
inc.
to
Interest and dividend requirements
shares- of capital stock
mon
of
to
158,
taxes
inc.
mal
,
Peoples, which holds all of -the - outstanding capital
J
'
>
'"*
Public, stock certificates representing the said 291,909 vNet earnings from operationsAzZ„^u^_;^
in exchange for tne certificates representing
Sundry earnings --Z-.-: ■ ••■■■
'
'the 11,500 no par- value shares
presently- outstanding.;Z"z VZ-Z
•;/
-•
V-.;v,-x'v;
r
(3) The
presently
outstanding securities of
Peoples
are: • 83,201
' - Total net earnings_A____l
shares cumulative convertible preferred
stock, $3 dividend ($25 par),
Interest charges
at liquidating preference of $50 per
share; 62,520 shares class A com'
Z
*~~
"
stock
it
Trust
o'clock
revenues
Federal
Fed.
&
of
.registration
Public
California
Public
1948.
p.
primarily allotted to him.
?
■,
Subscription books will close on a date which will be 30 days after
the date of mailing of the
prospectus and accompanying literature to
.stockholders.
The offering will be made as soon as an
appropriate
and will assume the liabilities of West* Coast, and
issue to Peoples 291,909 shares of
capital stock, v
(2) Texas Public Service Co.,-a subsidiary of Peoples, will amend
'its charter to change or reclassify its no par value capital -stock into
<291,909 shares of capital stock of a par value later to be determined
•and
157.
s
number
;
;
1943.—V.
-of shares
acquire the assets
(b) California will
;
in
'
•
West
not
will be sufficient to meet the
secondary
•
(1)
taxes
rec0mmending rejection of
should
primary
he
-application for approval of
:with a proposal to merge West Coast Power Co. into California Public
Service-Co., both companies being subsidiaries of Peoples Light, which
owns
all of their outstanding capital stock.
The
transactions
proposed
are
summarized
as
follows: i \
v'Service
Provision
W^^DroDosed^lan0 it (Wouloi follow tn&t the conip&Dy tins
v/.
proposed pl&nf itiXwouldtfonSowa?hafith^e^omnnnivehne^tn
Each
Light has
filed
an
the plan.
This deals
its
1942,
profits
-common stock at $10 per-share for each four shares of
of
Light & Power Co., which includes that company's plan for
--compliance with the integration and corporate simplification provisions
,of Section II of the holding company act and eventual dissolution. *
-
t0 offset any possible
deemed adequate has been
Pittsburgh Metallurgical Co., Inc.—Rights—
of
•
recon-
the
the
in
for
excess
1943(
•"* Holders of
-
tTu
,
Securities
'vening
Peoples
debt
hi^
:
On
lg-
Jequirements
ieQuirements
Payment will be made at the New York
100 Broadway,'New York, ,N. Y.—V. 157, p, 2050J
Peoples Light & Power-Co.—SEC Orders New Action
•;«
to
sufficient
&
12
$13,850,171 $12,512,401 $26,998,897 $24,739,836
5,549,906
4.817,340
10,816,978
9,639,847
Maintenance
571,467
596,193
1,169,883
1,284,326
Prov. for depreciation..
1,385,109
1,319,338
2,717,347
2,576,819
State, local & miscell.
1941
prospect of survival.
He expressed the opinion the new
capitalization would not be excessive, because he believes the estimates
interest.
trustee,
tax
for
redemption aa of-Sept. X, 1943, a totalI of
$104,000 of refunding mortgage and collateral trust 3%% bonds, due
Trust Co.,
the years 1940 and
.reasonable
•
:
sale
Bank
until
interest.—V,
Operating
Operation
Of ttl6 T16W SCCUTltiCS to be iSSUCl.
,
,,
'
the
will
Public Service Co. of
finally determined for prior
sufficient unused crdit which
ft r€asonable prospect of survival and three whether the net earnings
new comPany may reasonably anticipate over an indefinite
UftQ
<•
111.,
Period End. June 30—
been
Judge Kirkpatrick, in a brief written opinion, said the "feasibility"
depends upon three factors: One, that the capital structure is not
excessive;, two, that any proposed new structure gives the company
future
o
Called—»
Bonds
.
not yet
which the
11 750
H74 *^4^
-
-
8l,b2b
.
.
"la'oio
I8.U1U
"
4
35l'368
036
8l,b79
•'
«t*1
of
$1 526 303
ci^r»ir
p
I
urem'anZi~eVp~lnet)~
(Cr)
'
v"
'
share
per
rifrf
'348
deductions
income
inonmo
'Earnings
SI 522 069
h^ons'tr^^'n
Ohareed
Miscellaneous
'
riphi
discount
Miscellaneous
■
fpVni
lnne-
nn
Amort
Ttfaf
'
City National
amount
and
thftt the Pr°P°sed issue of $1,057,300 in new first mortgage 30-year
5% income bonds was to° high. The SEC expressed the opinion that
SI 327 982
206 472
—.
infnmp
for
enactment
upon
PlaV°£ .reorganisation under 77B has been approved
^Uam. H. Kirkpatrick in the U, S. District Court and
May
—the
rtrfl„
made
will now go to the bondholders for acceptance or rejection.
Judge Kirkpatrick in effect overruled objections of the SEC
'^feasibility" of the plan. The SEC filed in an "advisoryon
fiieome
income
such
possible
.
597,388
285 407
expenses....*,.....——
;•
Onevoliner
be
Philadelphia & Western RR.—Plan Approved—
575 804
.
for
made
cm0,458
taxes
•Other
Utner
has
it is believed that there will be
liability for
CrS24,'669
Federal
will
2011*
p
141,150
'P°Powe Pcrhased from Safe Harbor Water
Interchange1 power~~(netT::::Z::::::::::::::~:
-Depreciation
credit
may be carried over from
$3,430,995
142,705
revenues
Maintenance
_____
155
company's
profits tax
yeai*s.
Earning
earnings
$3,133,752
•Operating
Adjustments
are calculated at 42% ; 24% normal, 16% surtax,
consolidated returns, the rates contained in the 1942 Revenue
the taxable book income.
While
the basis of the
for
Act
excess
-
1941,
Rcvcriuo Act."^~-V,
Sought—
The
Chicago,
tU. S. income taxes
2%
•
*Deficit.—V.
(The
solidated
$807,710
Net
Protestant Episcopal Church in the
Diocese of Chicago
Bishop and Trustees of)—Tenders
taxes are calculated at 47%—24%
1ftj1_
1j42
railway
railway——
583
*For the s}x ,m?nJhsi •^aliuaryJt? June> 19i2- inclusive, u. s. income
*
1,500,000
This
move,
the announcement says, comes a year and-
half after the Blue Network
organized as a separate
conformity with the new
regulations of the FCC relating to ownership of more
a
was
coast-to-coast network, and in
WlW3«*R tAtiWHW
,
WJfttWai*
,
fVlfHH
t
L
t
Monday, August 9, 1943
THE COMMERCIAL & FINANCIAL CHRONICLE
584
iA
ra«;
than
Noble
J.
Other
Total
Operating
$2,574,392
1,379,975
Maintenance
*216,629
_
Depreciation
(incl.
______
Taxes
income
207,803
217,329
—
$2,613,599
1,395,531
155,702
revenues
for
prov.
tax)
,:,,
797,094
$945,718
(net)
income
38,016
33,760
74,367
68,016
.
294.
p.
$932,624
v
$437,798
income
Gross
interest
Other
-
,.
,
Amort, of debt discount,
j
,
' *
deductions
misceil.
1,892
Dr$59,144
8,315,185
61,688,791
36,825,813
and
■
»..
.
carriers,
other
■
2,318,405
419,580
2,219,955
2,193,028
11,752,035
income
•—
14,682
103,100
13,152,203
2,359,557
8,914,129
95,706
$2,207,710 $11,855,133
37,163
29,985
$9,009,833
82,381
•Bal.
•
Jan.
:
$233,602
$387,135
avail,
1
to
—V.
"
income
;
U96.500
200,000
77,897
$119,987
profit
A dividends^).—
____
$187,135
$155,705
$111,135)
Total
271,408
160,274
$315,395
•After
157, p. 2051.
'
'The
$271,409
Frisco
organization has completed arrangements assuring con¬
services of its principal executives who have been so
RKO
"The
the
of
responsible for the currently satisfactory operations.
"This corporation has entered into a contract with N. Peter Rathvon
covering his services as its President and the chief executive officer
of
its
subsidiaries.
RKO Radio Pictures, Inc., has entered into a
contract with Ned E. Depinet covering his services as its President
and the executive in charge of world-wide distribution of its pictures.
Some
time
ago
RKO Radio Pictures, Inc., entered into a contract
covering the services of Charles W. Koerner, its Executive Vice-Presi¬
dent in charge of production at the studio.
The term of each of the
largely
states
is
contracts
-r.>-••
years.
seven
has granted to each of
to purchase 50,000 shares
Corp.
"Radio-Keith-Orpheum
dend
stock
mon
V.
the
at
the option
price of
$8
and
the above-
Profit
earned
other
in
bond.
$875
Provision
Interest
Add
basis
'if
earned'
for
several years
the
past.
bonds
'
of
stockholders
/'The
the
interest
Previously
3 7o
and
"
will
company
forego
all
outstandings
are
•
mortgages.
'
"The bondholders have four
'
the
eral
taxes
income
on
$319,400;
$750,600),
$175,000;
ments,
$728,400;
P.
of
•Oct.
1,
60
•
of
,
to
the
plan
provided,
writing;
in
the
plan operative,
operative,
even
though
•
♦Balance
Assets—
Sheet
•
to
itself
.
annual
this
So
each
of
242,049
$3.51
as
80%
consents
have
/*■■
$1.56
stockholders'
J
4
••' "•
%'•:•"
'V
for contingencies and post-war adjust¬
stock (par $2), $484,098; capital surplus,
receivable
on
*
tion
Bonds
-
and
Installment
Advances
contracts
for
made
meeting
July
on
27.
157,
'
2456.
p.
'
'V'
estate
and
26,147
."<■
amortization
funded
on
under
in-
3,822,587
^,002,649
10,130,760
1,824,322
7,526,909
2,024,856
17,800,000
29,600,000
35,800,000
C
'
Earns,
^
purchased with funds that were part of $23,441
per contra, for losses on mortgages purchased
at cost ——.
;!
Investments in capital stocks of wholly-owned corporations
Deferred charges and items held in suspense—.
—V.
*.'•
reserved,
'
19,945
166,330
6,888
Liabilities—
$10,036,943
—___
for
158,
income—
com.
shares.
397.
p.
*
$0.32
-
V
.
.
$3,355,158
$2,337,175
$6,003,732
$0.50
$8,072,121
$0.88
•
^
...
$1.24
V'V-"'"''
'
r:
Director—
Rockefeller Center, Inc.—New
L.
Francis
payable
_—
payable on 5% stamped bonds
Liability for 5% stamped bonds
$36,323
1,229,469
5,710,400
._
Deferred
Reserve
credits and items held in suspense.—
for
losses
*563)552
1
certain
mortgages purchased guaran¬
($19,944 of this reserve has been invested in secur¬
teed
ities—see
contra)
Capital stock
Paid-in
on
:
Corcoran,
has been
Rome Cable
Assistant
the
to
Executive
)
Man'ager
and
-
23,441
324,477
2,147,781
—
Net
profit
and
all
Federal
Earnings
after
—V.
;$10,036,943
♦Adjusted to give effect to the proposed cancellation of the companyowned stamped
of
'
dith,
Silver
chairman,
protective
committee
(comprised
of Edwin
taxes
per
Jacob R. Schiff and Milton C. Zaidenberg,
and Theodore Wechsler,
71 Broadway,
Counsel
30
amounted
and
•After
to
excess
$366,160
profits
$0.32
in
1943
taxes for the quarter
and $219,376 in 1942.
.
'
Service
—
-
Mere-
t$129,942
$122,766
-1943—6 Mos.—1942
$747,355
and
".1
$1,393,909
$2,194,789
49,616
$2,762,122
34,111
$2,244,405
$2, 796,233
18,195
$1,142,739
$1,412,104
;*;. 347,070
185,677
,
of
bond,
notes
preferred shares.
on
for
inc.
&
—V.
88,283
88,288
>■:
364,845
369,260
!
r'? 28,443.
'
23,855
i
267,154
Net income
$299,613
dividends
dividends
Common
44,144
182,455
;
excess
taxes
Preferred
215
.
44,144
184,546
bonds retired
profits
706,173
212
;
depreciation.
;
,
694,522
212
:
351,729
,
212
for
411,533
•
68,752
157,500
.
776,940
504,814
'
$422,031
:
68,752
210,000
—_
„
J" $558,866
) *137,504
■„
.
420,000
,
$835,914
137,504
315,000
157, p. 2052,
Corp.—Earnings—.)V
Savage Arms
K':
1943
—
-y
•
.1942
.
$402,768
—$0.60
—
v
$875,607
$1.30
'
and a reserve for Federal taxes and contingencies.
;; The decline in net income as compared with a year ago is due
principally to lower prices.
The corporation has consistently reduced
its billing figure from the levels obtaining at the start of the war.
Volume of shipments, however,- continues as high as last year.
Re¬
cently there were reports that the corporation might not continue the
manufacture.of the Thompson sub-machine gun: into next year, due to a
plans
cannot
disclosed,
be
this
until the
schedules
but
Naturally, War Denart-^eilt
is considered possible in the trade
Jiow-^
will continue pretty' much at present
it
Thompson guns may be needed next year than now.
output' of
ever,
weapon
end of
1943
at least.
While
a
substantial
part
of
Savage's business, the Thompson production, is not the largest.
Brown¬
for our own Government and Lee Enfield rifles for
the British also are produced in large quantity.—V. 157, p. 2257.
ing machine
guns
Schenley Distillers Corp.—Debentures Called—
The
corporation has drawn by lot for redemption on Sept.
V.
with Julius
Gross
from
ry.
New
,
1943, the committee states in part: "The company-sponsored plan for
reduction
and extension of your bonds is inequitable,
in our
140, p. 4079.
......
1943
from
158,^196.
the
Net
Net ry.
from
16
1952.
1,
Wall
St.,
New
York,
■,
/:
;
Payment* will
, ;
N.
bo
Y.—
.
O
FranpiSy W. Plowman, formerly manager of distribution research and
has been elected a director and also appointed general
manager, it was announced on Aug. 3.
J. L. Ober, Acting VicePresident, and W. R. Scott 3d, Secretary and Treasurer, were elected
to membership on the board of directors.—V. 158, p. 2353.
development,
sales
-
Shell Union Oil Corp.—To Redeem Notes—
outstanding serial notes, due Jan. 15, 1944, and bearing
rate of 1% per annum, have been called for redemp¬
1, 1943, at 100 and interest.
Payment will be made
the office of J. P. Morgan & Co. Inc., 23 Wall St., New York, N. Y,
1942
—V.
1941
$5,207,276
the
of
All
tion
at
of
as
158,
the
Sept.
p.
493.
1940
$3,945,993
$9,381,195
$6,989,254
3,514,659
2,498,090
1,572.364
900,145
income—..
2,058,098
2,044,149
1,119,804
559,161
from
opinion."—V.
,
March
Scott Paper Co.—New Directors—
interest
railway—.
railway.
oper.
From Jan. 1—
Gross
1, 1943,
principal amount and accrued interest, $1,200,000 of its 10-year
sjukihg fund debentures, due
made
at''the Bankers Trust Co.,
t$719,120
charges, taxes and reserve for post-war contingencies.
June—
Net
'
.165,042
Co.—Earnings—
-1943—Month—1942--
St. Louis-San Francisco Ry.—EarningsB.
Net
;
374,655
92,112
/•
28,720 '
Prov.
$60,570
$0.64
$0.34
$0.66
normal
$120,734
$65,898
$125,914
—•
645'jy
p.
income
♦Net
York,
„
454,254
86,654
$1,114,019
„
$3,322,455
$2,814,085
,
_
i*i 'U! •'
share——
St. Louis Public
jvN. Y., as Secretary, has been formed to protect the interests of the
bondholders*
In a notice to nolders of 5% income bonds due Oct. 1,
as
—
•
195,605
.
—
expense
issues of
;
at
bondholders'
;
1943—6 Mos.—1942
$1,681,626
250,452
——
income
Amort,
-
deprec.
fNo reserves for contingencies set up.—V. 158, p. 295.
bonds and the accrued interest thereon.
Bondholders' Protective Committee Formed—
A
(& Subs.)—Earnings—
$1,451,125
...
interest
charges, incl.
June
157,
1940
1941
1942
1943
Period End. June 30—-v.
Total
inc.
4%
1,500
,
surplus
■
Earned surplus
1,512,423
$2,921,175
1943—3 Mos.—1942
funded debt——
on
Other
a
Corp.—Earnings
Mos, End. June 30—
ended
(300 shares of no par value)
revenue
Total
Int.
?
corporation's renting department since its organization,
elected a member of the board of directors.—V. 155, p. 403.
Note—Estimated
—
1,793,692
$4,375,160
;,
.
than
i
Gross
of the
member
3
,
Accounts
Interest
i
revenue
(other
at the
—______
249,692
$666,752
4
.
guaranteed,
Total
251,382
change of plans by the War Department.
12,150,000
net
Consol.
54,100
(Excluding Saguenay Electric Co.)
♦After charges
$47,558,814 $53,423,886
1,631,223
Securities
$4,433,590
$629,325
—
'
that fewer
596
—
$6,168,852
profit
:
Earnings per common share—.
taxes—
(estimated)
238,218
purchasers
—
$916,445
26,651"
6 Months Ended June 30—
.
5,145,525
890,944
debt
income &■'
profits
excess
21,100
4,316,417
(less mortgage liens thereon)—
1,643,54®
$4,379,490
inc._
gross
Other income
1943—5 Mos.—1942
1943—3 Mos.—1942
operations $20,523,644 $25,980,394
Prov. for Fed.
864,083
—
fr.
.taxes)
,/y
1,793,192
(principal outstanding)™
receivable——
mortgagors
contracts
stallment
Real
receivable
mortgages
2,014,788
$6,092,781
76,072
$880,707
158, p. 196.
Taxes
Prov.
which
corporation,
deprec., deple-
and
Interest
;
379,194
$902,096
14,343
year
from
Prov. for
$952,804
.•
■>'
receivable
"Accounts
408,342
$854,057
Oper. maint. adm., etc._
$3,779,657—V,'157.
total,
$1,442,445;
■
"'Notes
$6,023,036
.
Republic Steel Corp. (& Subs.)—Earnings—
'•'.•'•
•
Al————*
$8,107,569
inc.-—_
income
Operating
,
the company has paid three dividends of 25 cents
the common and three disbursements of $1.12 Vi each on the
this
far
Income
investments, at book value (quoted market value,
$1,756,446)
_
Miscellaneous investment; at book value:—L.
$1,281,290
Period End. June 30—
payable (trade, payrolls, and sundry items),
(other than taxes on income), $73,156; Fed¬
(less U. S, Treasury tax note at
Period End. June 30—
..
31, 1943
Legal
$1,262,399
♦Net
been
,
at March
143,976
inc.—
income
•
reserve
ttiis
preferred stock.—V.
of the company to declare
least
at
~
•1 •
■■
banks
in
24,319
193,639
increased $3,000,000 during
the last 12 months to a total of about $12,000,000, "will provide for a
continuance of the company's present dividend rates on the preferred
and common stocks and provide for the reconversion to peace-time
operations," Stanley M. Knapp, Executive Vice-President, said at the
of not more than
the right not to
period
a
181,451
Saguenay Power Co., Ltd.
Remington Rand, Inc.—Dividend Outlook—
surplus
$5,879,062
$7,926,113
25,293
————
income
—V.
if, in its judgment, it is not at the time
the best interests of the bondholders' and
plan
however, ' that
75,000
$807,608
32,865
ii87.;558..•..;,..:,;;;■
The
'
—
declare the plan operative on or before
obtained.
Cash
i
)
the board of directors, and
on
be extended by the board for
The board, however, reserves
may
days.
the
v
when the holders of not less than 80% of the principal
the bonds outstanding (exclusive of company-owned bonds)
assented
declare
in
;
•
...
435,894
$1,255,997
; Prem.
1943,
amount
have
"date
-
designees
directors may
100)606
$302,315
;
Net
refund of $92,500. f tBefore special charge.
surplus,
earned
2,852,883
552,944
35,101
oper.
ry.
Deducts,
(estimated)
common
449,894
8,588.193
fjom ry. oper.
Gross
781
..
accrued
taxes
:•
Crl4,527
_r_
;
481,173
666,000
84,773
,
income.
oper.
ry.
Non-oper.
1,225,000
—
Liabilities—Accounts
$557,158;
dividends while
V' .^
recommended by the board unanimously."
is
plan
The board
surplus—_
Net
property, plant and equipment (less reserves for
$254,601), $716,726; deferred charges, $75,955; total,'
depreciation .of
96,715
6,740
Balance Sheet, March 31,1943
$3,779,657.
been paid
11,029,309
$9,617,734
88,257
1,626,891
taxes—
oper.
income
other assets, $111,814;
originally organized to invest mainly in second mortgages,rits: mortgage
assets now consist of about 75% in first mortgages and only 25%
in
second
Total
$374,536; U. S. Government securities, $175,850; trade
(less reserve of $79,888), $677,425; inventories, $1,647,352;
.
'
ry
Assets—Cash,
.receivables
13,627,583
2,017,703
81,501
taxes—
Federal
•
$2,095,028 $17,548,427
2,480,721
ad
accruals:
income
Other
400,000
;
■
■
tax
'
$1,227,298
18,900
145,000
adjustments-
_•_—
After deducting post-war
'v.,'.-
...
T
$4,112,736 $31,176,010 $20,647,042
1
_
tEarnings per share—*
'
656,473
1943—6 Mos.—1942
1943—Month—1942
valorem
v
2,270,518
9,278
:
dividends
♦145,765
-
$5,513,127
revenues
Other
•832,500
dividends
♦17,659
income.—
Period End. June 30—
927
16,800
earned
52,995
244,628
2,184,620
railway
railway
2,646
deductions—...—___—_—._
to
194,167
558,542
•8,713
3,472
780
transferred
1,299,814
464,649
827,408
1,140,853
125,318
•
Deficit.—V. 158, p. 93.
Ry.
1,788,584
accounts
conting. and post-war
Common
"The total cash distribution for principal and accumulated interest
•will be $2,024,000, made up of $1,148,000 on completion of the plan
and $876,000 in three annual payments.
' *
'
,
'.'The
company has
made marked progress since •1933. T Although
-
for
44,290
10,126
243,995
income
oper.
Deducts,
tax
other
Preferred
(s,
.
profits
$139,720
29,867
St. Louis Southwestern Ry.—Earnings—
:
6,330
expenses
and surtax
tax
1940
1941
$142,894
ad¬
selling,
delivery,
general
doubtful
for
Balance
on. an
was
has
year
a
*
disposal of land not used
and
...
cumulative,
5%
at
from
ry.
$4,796,349
adjustment for prior year
Prov.
retire
and
heretofore.
than
for-interest
available
v
-Earnings—
1942
'
663
—
on
and
income
Sundry
$4,888,000. company-owned
bonds which
it
since 1933, thus reducing the balance
outstanding from $10,598,000 to $5,710,000.
The 15% distribution of
principal will lower the remainder to $4,853,000.
"Interest for the extended period will be at the rate of 4 V2 %
annually—3 V2 fixed, plus 1% if earned, which is cumulative. A changed
method of computing earnings, eliminating losses on assets, acquired
prior to Oct. 1, 1938, will make a larger amount of the earnings
will cancel
has acquired
from
Gross
Federal
1,825
1,287
charged off———44
158, p. 295.
$314,257
154,124
113,320
railway
oper.
Net
$4,788,641
7,717.
expense,
Normal
Excess
>
company
ry.
Net
divi¬
______
ministration
,
,
"
income
trucking
the
routes,
$417,779
railway
$3,032,406
$3,158,169
26,260
:___
for loss
V /
to
Co., a subsidiary,, has applied
authority to operate 10 separate
Alabama and Florida.)—V.
From Jan. 1—
1942
-
operation
Warehouse,
plan
"The
■:
:
:
reserve
$198,202;
$3,195,257
contemplates a cash payment of 20%, made up of 15%
on
principal and one-quarter of the interest that has accumulated
over
the past 10 years.
The balance of accumlated interest will be
paid in three installments on Jan. 1, 1945, 1946 and 1947, over and
above current interest.
The 20% cash payment amounts to $175 on
each
•
■
disposal of depreciable assets.
on
Sundry
Pox's statement regarding it follows:
'
$76,326;
taxes,
Corp.—Annual Report—
31—
' / i;'< '"V
• '
■
1943
Recoveries on accounts
through its President, Frank Fcx, announces a
voluntary plan for partial payoff and a 10-year extension of its bonds
which mature Oct. 1, 1943, and originally aggregated $15,000,000. Mr,
•
Net
Ry. oper.
of provisions for deprec. of prior years
Interest
corporation
"The
Steel
-4
■
1943
from
from
stock (38,000 no par shares
class B), $942,443; earned surplus,
shares
A.
themr with daily round-trip service ia
Arkansas,
Oklahoma,
Texas,
Kansas,
Ten"*
(Missouri,
Mississippi,
Net
capital
$19,000;
par
no
sales, less cost of goods sold—
Adjust,
and Extension of Bonds—
:
stock,
Years Ended March
Net
Corp.—Plans Reduction
Securities
j
.
$1,551,365.—V. 158, p. 93.
total,
Provision
The
A
profits
excess
.
Associates
Realty
1943
accrued charges,
and
and
Frank
of
of
part
on
Ry. oper. expenses——.
158, p. 92.
:
payable
income
State
40,000
Reliance
share.
per
A
$315,395;
of its com¬
The term of the options is
seven years, subject to appropriate provisions relating to earlier termi¬
nation.
The option agreements are subject to certain conditions, in¬
cluding the approval of the stockholders of the corporation at their
next meeting, and contain certain provisions limiting the exercise of a
portion of the options to the sixth and seventh years, respectively."—
executives
mentioned
and
class
on
class
\
\
Federal
■
Thompson as
caused by the death of JohnG.
appointment
for
ie•
•■
the vacancy
June—
Gross
$117,681; U. S. Treasury
Liabilities—Accounts
for
.
period
estimated income taxes compared with
St. Louis San Francisco & Texas Ry.
certificates, $50,000; accounts
receivable, trade (less reserves for doubtful accounts and cash dis¬
counts
of
$5,000), $227,676; inventories, $386,666; miscellaneous ac¬
counts receivable, $601; other assets, $31,897; land, buildings, machinery
and equipment • (less reserve for depreciation of $398,848), $668,656;
intangible assets, $50,685; deferred charges, $17,503; total, $1,551,365.
Assets—Cash,
announced:
of the Board, on Aug. 2
Floyd B. Odium, Chairman
'
at April 30,
as
Eoard
•>
■
$8,927,454
in June, 1943, and $4,176,569 in
v!;'
the
to fill
'
■.
•
Transportation
helicopters
nine
amortization of $5,430, and interest
tlncludes Federal excess profits tax (less
of $125,100,
•'. :; ,i
Balance Sheet
■.
$160,273
debt retirement credit of $13,900)
.
Executives—Stock Options Granted—
tracts With
tinuance
Long Term Con¬
■'
•
$2,170,547 $11,825,151
:"
ratified
has
co-trustee
Aeronautics
using
depreciation of $48,064,
borrowed money of $2,150.
on
Radio-Keith-Orpheum Corp.—Makes
_—.
■
■
2,835,668
Subsidiary Plans New Air Lines—
$79,705
80,568
$43,987
surplus
1943,; for
30,
16,639,807
...
Lonsdale, former co-trustee.
76,000
76,000
76,000
.
■
period last year.
ICC
substitute
Previous surplus; 44-4^4
$222,290
$241,079
,
June
Co-Trustee—
The
.
and State income taxes and
profits taxes—___——
' :
fixed
for
$2,231,365
$400,000 in
1941
1942
1943
5,268
income-
♦After deductions of $950,756
-y 'V/.'c;..
♦$316,487
from
$2,236,633
charges
158,
nessee,
Net
16,678
income
Deducts,
Civil
4,012
■
privileges.—V.
express
*
Balance
5,029
2,613
$48,493
__
2,912,177
485,886
income-
Total
38,611
before taxes
income
Class
25,679
/
premium & expense &
1
I
oper,
ry.
Other
470,226
119,634
12,787,697
rev.
rail
to
^
Federal
Net
25,452
.
490,097
5,262
Years Ended April 30—
Net
748,525
374,314
13,407
1
93,600
4,629
$1,000,640
$1,020,085
$331,190
374,263
13,150
long-term debt-
on
98,019
—
_—
(C. A.) Reed Co.—Earnings—
excess
Int.
4,897,754
784,376
,
■
947,908
496,200
•
•
equip.—i
expenses
expenses
on
transport,
♦Payments
■/.
$297,430
421,604
•
.,1,038,315
discount
Net
1,149,387
1,554,429
way
of
Other
55,730,345
3,797,059
debt
♦Rail
"
$399,782
________
Operating income
Other
'
1
,
_L_
70,690,628
$7,385,271 $53,474,698 $37,904,575
5,983,120
4,110,801
732,105
9,106,625
6,875,300
1,225,220
$9,922,513
& struc.
of
Maint.
96.862,054
11,497,980
deductions
Other
1943—12 Mos.—1942
$5,359,662 $5,538,072
2,846,248 ; 2,812,404
336,645
411,841
433,957 "
433,295
1943—6 Mos.—1942
Period End. June 30—
20,696,403 .137,886,904
15,025,448
expenses
&
funded
Co.—Earnings—
Queens Borough Gas & Electric
Operating
1,210,292
28,954,108
taxes
Interest
Operating expenses
95,651,762
revenues—
oper.
Maint.
1943—6 Mos.—1942
1943—Month—1942
Period End. June 30—
Total
'
Income
&
revs.
Express
partnership arrangement, it was stated.—V. 157, p. 2456,
a
$
1,451,589
264,549
327,950
income.
jj*
•_■
20,431,854 136,435,315
28,626,158
transport.
&
revs.
;
Transp.
admitting the public to ownership in the radio chain.
At the present
time he has no associates in the ownership, nor has he any immediate
plans for
^ j 1'
(
3 said that his long-range plans envisage
Aug.
on
v
for
Charges
the "Red" Network.
Edward
1
,
1943—5 Mos.—1942 :
1943—Months—1942
Period End. May 31—
of System
Earnings
Subs.)—Earnings—
Railway Express Agency, Inc. (&
The Radio
network by any single organization.
one
Corporation of America remains the owner of the Na¬
tional Broadcasting Co. which will continue to operate
fwwwwti
»
railway——
railway
oper,
income—.
I
Simonds Saw & Steel Co;—40-Cent Dividend—•
The
'
50,700,980
36,169,831
27,469,200
21,573,537
17,469,603
10,746,487
7,062,429
2,823,959
10,988,476
8,487,578
5,098,226
935,528
directors
have
declared
a
dividend
of
40
cents
per
share
on
value common stock, payable Sept. 15 to holders of record
Similar distributions were made on March 15 and June 15,
last.
Payments in 1942 were .as follows: March 14, June 13 and
Sept. 15, 40 cents each; and Dec. 15, 60 cents.—V, 157, p. 1853. ;
the
Aug.
no
par
21.
■
««
585
(W. A.) Sheaffer Pen Co.—Annual Report—
•
Years Ended
Gross
February 28—
profit
Provision
for
Operating
;
•_
,
depreciation
expenses
See
$5,183,223
116,777
2,771,890
—
__s— _—
_
South Carolina Electric & Gas Co.—Calls Securities—
'
1943
$8,053,021
•
43,545
2,601,832
_
,
,
1942
Broad
Shoals
The
a
Operating
<
Interest
profit
$5,164,354
Bank
37,210
——~
___
—
Dividends
1,212
received
Sundry income, (incl. scrap and refinings sold)
Total
income
191,554
Provisions
Bonuses
bad
debts
employees
Contribution
to
officers_'_
and
employees'
savings
product
Sundry
Dividends..
Earnings
to
Chase
exceed
_
National
101
surplus__;
39,321
1,171,080
•
share
473,572
;
$5.06
-
Federal
profits
excess
tax
;
Balance
cancellation,
and
$5.90
Sheet,-Feb.
less
)'■
1943
28,
ry.
ry." oper.
■>/, " V
'v.,
Net
■
Ry.
revs.—i
oper.
goodwill,
$1;
deferred
guarantee
for
reserve
common
stock
831,303;
total,
cost,
post-war
charges,
$131,180;
estimated,
$80,000;
total,
taxes
adjustments
and
contingencies,
shades, no par). *790,395;
$7,450,588—V. 157, p. 1852.
;
Total
Total
6 Mos. End. June 30—
1943
.
54,145,305
.'Vv.
' '.,v*
|j>
•Gross
oper.
income— 149,190,643
Costs, op. and gen. exp. 121,810,900
J
•
i
(net)
income.
incl.
28,270,252
_______
amort—
divs._
•
1,485,925
1,321,246
1,317,446
10,896,318
10,568,001
2,148,425
2,009,215
6,000,000
tl,200,000
175,000
8,423,448
3,471,941
$0.65
$0.26
9,536,952
sh.
on
;
of
2,080,027.
,
com.
$0.76.
♦Exclusive
inter-company
charges and U. S. Federal
.
sales,
and State
profit stax.
inter-company
P.
and
•
$0.15
1943, amounted to $275,000
period
(2)
of
1
of
1942. '•
U.
'■
provision
No
with
S.
$185,000 for the similar
'
has been
renegotiation. of
Government.—V.
V
in
made
the
contracts
above
with
operating
statement
departments
in
Gross
Net
connec¬
1942
V
$3,494,510
$3,395,895
.1,313,258
1,256,190
126,482
Tf—
137,921
,
'
Provision for depreciation—__
taxes __L
___________________
305,456
466,344
Federal
and
204,289
Federal
excess
_______
General
State income
"X'
;
taxes—
profits taxes—
376,069
"*■; 553,894
217,150
28,894
Net earnings from operations—
income
$1,038,347
70,217
$1,184,298
389,406
93,822
96,406
9,668
.
$936,328
360,000
______
long-term debt——
tAmortization of debt discount and
>
$866,111
145,950
_________
income
Gross
Interest
6,025
on
Interest
unfunded
on
expense-
debt—
—
Miscellaneous amortization
112,721
1,170,986
1,173,412
■"
r'
7,579,511
..
j
,
6,169,759
,
Mexico
,•
,
,
.
•
I
-•
26,827,133-
"
1941
•
18,679
___
-.'V
:X'Xr'v
—v.s 158,
493.
p,
79,887,933
18,960,426
7,248,012
'
.
Southington (Conn.) Hardware Mfg. Co.—50-Cent Di¬
'-V'"'
:/"/5
the
.
.
Net
income
Dividends
accrued
Cr3,437
$707,264
$447,928
335,678
335,678
♦Including interest and dividends from subsidiary companies of
$136,525 in 1943 and $61,595 in 1942.
tlncluding $77,572 in each
year applicable to refunded issues.
;
.
Notes—This
Iowa
Public
Service
is
not
Service
Co.,
consolidated
a
Co.,
58%
a
Dakota
South
statement
owned
Public
and
does
subsidiary,
Service
Co.
and
not
include
Sioux
nor
$25
July 31 paid
on
value
par
dividend
a
stock
common
to
of 50
holders
share on
record July 27.
This
of
to
and
including Aug.
1942.—V.
1,
156,
1781."-
p.
•
....
'• '
:>"•
Merger—
■
ij.t*
•
...
.'dross
■
$6,041,408
$6,082,484
$3,^89,273
5,034,907
4,936,942
649,498
705,464
2,930,097
575,852
$357,002
$440,078
Dr6
931
profit (before deprec.)
Prov. for deprec., obsol. and amort.
$356,997
57,277
$441,009
57,244
Operating profit
Other income (incl. fire loss
$299,720
$383,765
$124,277
892
3,653
1,348
allowances
—_______——
Cost of goods sold
Selling,
&
gen.
—
admin.
expenses-
■,
.
.
$183,324
1,167
,
Yankton
Total income
Income
Gas
deductions
(includ.
60,214
4,786
193,010
$103,270
Dividend
on
surplus
$174,941
stock-—_—_
common
66,700
Earnings per common shareBalance
Assets—Cash
hand
in
and
29,
2457.
p.
X'..,'
• \*■
:v
with
assets
Socony-Vacuum
nual
Oil
Co.,
Inc.—Estimated
Earnings—
Consolidated
advance
of
final
Semi-An-
;
,
for
earnings
the
accounting,
first
at
half
of
1943
in
approximately
$15,000,000,This is
The earnings are
equivalent to an annual return of 4.6% on the company'^ net .invest¬
ment in the business.
They compare with earnings of $1$,500,000 for
after allowance for taxes
first
the
half
of
1942,
at the rates
in
now
effect.
finally adjusted from the preliminary esti¬
"
I jjy
figures for both half-years do not include any equity in the
earnings of Standard-Vacuum Oil Co., in which this company has a
mates
last
as
year.
50%
In
The
1943
to
Far
and which did not
pay a dividend in 1942 and is not
pay one in 1943.
Standard-Vacuum operates principally
East, where its business has been disrupted by the war.
company's
domestic
about
were
5%
sales
above
of
the
all
products
level
for
the
for
the
same
first
half
period
in
program
the
where
area
this
reduction
The
those
are
1942.
no
a
the
does
considerable
Northeastern
its
effect
largest
on
States
volume
of
contracts
industry,
are
with
represent
to
to have
dividend
stock,
and
of
25
cents
$15, payable
distribution was
par
Sept.
15,
1942.—V.
per
share
has
Sept.
15
to
made
on
March
157,
p.
been
holders
2157.
15,
Marion
declared
of
on
record
last,
and
the
Aug.
on
connec¬
of
of
subsidiary companies—
Standard
Gas
&
$310,425;
an
deferred
and
directors
the
on
on
accounts
$19,866;
total,
payable
July 30 declared
the
stock,
common
no
par
value,
record Aug. 10. This compares with
1942,
and
15
cents on
Oct.
30,
IS cents
dividend of
payable
Aug.i 13
to
per
share
holders
of
25 cents per share paid on Dec. 29,
1937.—V.
158,
p.
295.
(Ky.).
Of
the
after
Earnings
♦Net
per
and
profit.—V.
158,
p.
1942
1941
$1,759,159
$537,697
►$490,710
Nil
Nil
$0.21
share.
■
Of
of
stock
common
funds
the
remaining
purchases
its
the
operation
referred
of
the
of the
supplemental
Net
from
ry.
railway
capital
Gross
A
Net
from
16
Net
ry.
1942
1941
$2,035,146
$1,624,937
$1,213,225
962,162
821,910
517,316
75,357
330,576
572,404
334,779
*61,716
railway
.income
oper
1940
$773,878
1—
from
railway
railway
oper.
♦Deficit.
-Earnings—
1943
-
from
income
V.
158, p. 94.
.
of
on
to
Louisville
deposit
above,
Gas
with
Electric
&
the
trustees
of
aggregate
an
Co.
after
$1,065,242
retirement funds.
Company,
trust
agreement, tendered and
the sinking funds and retirement funds.
to
August
and
de¬
permitted
as
sold
notes
and
year,
above,
and the $2,025,800 thereof held in the treasury
at the close of 1941, $2,705,800 were sold by the com¬
sinking, funds in May, 1942, and $1,901,250 were sold to
company
pany *t0 the
the retirement funds during
August, September and October, 1942, leav¬
ing $1,128,100 in the company's treasury at Dec. 31, 1942.
notes
amount were
months
The
of
and
debentures
purchased by the
January
and
aggregating
company
February,
$364,500
principal
in the open market during tne
1943,
at
cost
a
i-
California
of
approximately
'
-
Oregon Power Co., all of the
common
stock of which
is
owned by Standard Gas & Electric
Co.,
recapitalization program in August, 1942.
completed a refunding
The company issued
500,000 10-year serial notes maturing each six months during
period in equal instalments of $175,000.
The first 10 maturities
interest at the jate of 2Va% per annum, and the balance at 27/a%
The
proceeds
from
these
notes
used
were
to
redeem
the
and
$3,thatrv
bear
per
pub-
licly-ownd $3,125,000 5Va% gold debentures, series A, due Oct. 1, 1942,
and to reimburse the company's treasury, in part, for capital expendi¬
tures theretofore made out of working capital. At the same time the
company
recapitalized
was
eliminated.
and
troublesome
balance
Electric
Standard Gas &
made
Co.
sheet
this
problems
program
pos¬
sible
by the delivery to California Oregon Power Co. of $1,793,500 of
preferred stock and $2,375,000 of the debentures which it owned. By
reason of the delivery
of the preferred stock, $952,900 was added by
California Oregon Power Co. to the stated capital of its common stock
tures, constituted
of
part
a
a
$840,600, together with the $2,375,000 of the deben¬
capital contribution.
recapitalization each share of common stock (no
the
reclassified
was
share.
per
increased
The
from
into
voting
one
four
shares
of each
share to
(no
per
par),
share
power
vote
one
entitled
of
vote
to
preferred
for
each
one
stock
$25
of
vote
was
par
value, or four votes per share.
has
sound
a
and
The California Oregon Power Co. now
well-balanced capital structure, and in its common
stock Standard Gas & Electric Co. has a valuable asset producing a
larger income than was received on the combined holdings of deben¬
tures, preferred stock and common stock prior to the recapitalization.
During 1942 Louisville Gas & Electric Co.
(Ky.) sold 127,151 shares
stock, completing the sale of the 150,000 shares of such
that company in October, 1941.
As stated herein¬
before, 124,306 shares of such stock were purchased by Standard Gas &
,
of
its
common
stock
offered
Electric
ing
by
Co.
March,
1942, Louisville Transmission
Corp. (Ky.) sold $3,850,000
dated March 1, 1942, matur¬
bearing interest at the rate of 3V8% per
The proceeds from the sale of these bonds were used for the
first mortgage
its
March
annum.
1,
construction
Corp.
1967,
sinking fund bonds,
and
by that company and its subsidiary, Louisville Trans¬
(Indiana), of a transmission line, together with appro¬
connections and
of
Louisville
Gas
terminal
&
facilities, connecting the electric sys¬
Co. (Ky.) with a transmission line
Electric
of Tennessee Valley Authority.
Although the line is now in operation,
construction work is not fully completed.
It is certain* however, that
some balance of the proceeds from the sale of the bonds, not required
for
of
494.
Spokane Portland & Seattle Ry.
June—
by
$359,055 and post-war
$3,709,350 of notes and debentures purchased during the
mentioned
as
the
completion
bonds.
of
the
line,
will be
available
for
the
retirement
.
1941, Louisville Gas & Electric Co. (Ky.) had outstand¬
ing $3,500,000 of bank loans. * By Dec. 31, 1942, these loans had oeen
reduced to $2,800,000.
Since the close of the year additional payments
have been made by that company reducing its bank loans to $1,200,000.
The amount of outstanding first mortgage 5%
sinking fund gold
At
Gross
4,622,862
$2,903X3
balance of approximately $1,116,000 became available in
September, 1942, for the purchase and retirement of notes
tem
-r-5
1943
charges and taxes
common
4,373,194
$5,642,409
—_____
was transferred to the
sinking funds payable by the company on May 1,
1942, under the terms of the supplemental trust agreement and used
thereunder for the purchase and retirement of notes and debentures.
mission
*
'
6 Months Ended June 30—
Net loss
$7,526,455^
■
shares
making
priate
Spiegel, Inc.—Earnings—
$10,015,604
$2,921,191 of these funds was withdrawn and applied by
to the purchase, in January, February and March, 1942,
company
124,306
of
a
913,368
•
Changes In Capital Structures
'
♦
stockholders,
par)
other
Pay 15-Cent Dividend—
The
$6,613,086
612,972
aggregate amount of $5,103,071 representing principally the balance
cash proceeds from the
sale, in July, 1941, of common stock of
Diego Gas & Electric Co.
As stated in the 1941 annual report to
accounts receiv¬
charges,
$9,402,632
Co.
San
As
sold
$1,697,028; other assets, $68,564; fixed
for depreciation of $566,264), $458,482; intangible
expenses
Electric
■
to
Division
$147,067;
Dr321,989
-
In
To
19.
March
Br709,492
—
and the remaining
cash due in
Shoe
inventories,
reserve
From Jan.
similar
~$0~38
(banks),
$200,000;
accounts
payable
(trade), $127,951; due officers and employees, $51,011; accrued provi¬
sion for taxes, $470,187; other accrued expenses, $26,327;
other cur¬
rent liabilities, $2,095; other liabilities, $1,707; reserves, $2,193;
com¬
mon stock (266,799 no par shares), $1,166,328; capital
surplus, $1,749;
earned surplus, $1,064,010; total, $3,113,560.-
Net
25-Cent Dividend—
A
The
$0~66
$3,113,560.
business,
the
subject
banks, $402,129;
of
$101,239
total
earnings.
United States Government, like
renegotiation if "excess profits"
occurred.
No. provision for this has been made,
material adjustment is
anticipated.all
considered
since
Since
Socony-Vacuum
had
company's
of
this year.
11,537
12,848
of
However, sales of automotive gasoline, which is the principal product,
were down about 12%
throughout the nation and declined more than
30% in the Eastern market, which
began to feel the full effect of the
rationing
receivable
$2;, prepaid
assets,
.
interest
the
$9,997;
(less
The
expected
on
accounts
Liabilities—Notes
estimated,
are
.•
o
1943
and guaranteed by H. M. Hubshman & Bro.,
able
(less reserve for discounts of $472),
157,
tion
~
•
$0.39
v
Sheet, May
receivable,
Co.—V.
.____^
$2,162,000 and the purchase
were
Net income carried to
Gas
Electric
$125,625
i
19,467
192,555
First mortgage 6% bonds due Jan. 1, 1951.
City Service Co. in the amount of $303,600 (of which $81,500
principal amount are owned by Sioux City Gas & Electric Co.) are
guaranteed as to principal, interest and sinking fund by Sioux City
&
$387,418
interest
exp., life insur. exp. & misc. chgs.
Provision for Fed. taxes on earnings
Co.,
Sioux
J
$300,611
943,599
$31,538,705 $29,752,418
the trustees of $93,100 of publicly-held notes and debentures for
the sinking funds and retirement funds,
'
•
"•
...
r
At the close of 1941 the
company had on deposit with the trustees
under the various trust agreements of the
company in retirement funds
$184,491
-
recov¬
unallocated & misc. credits)
eries
,812,300
1,236,901
—
$256,000.
Total oper.
,238,988
taxes..
income
income
Additional
Operating profit
operating -revenue—.
Other
income
$75,900.
debentures
' - v.
sales less discts., returns and
,521,173
7,697,950
outstanding funded debt of Standard Gas & Electric Co. was
$3,802,450 during the year.
This was accomplished through
under
fr
^Spencer Shoe Corp. (& Subs.)—Earnings—
wigs
' 'May 29, M ;May 29, '42 Mayf^ '41
'^'26 Weeks Ended—
8,277,916
t3,914,600
taxes
profits taxes—
on account of debt retirement credits of
bentures by
2458.
p.
profits
x
reduced
The
Public Service Co. of Oklahoma.—V. 157,
excess
____
the purchase by the
company in the open market of $3,709,350 of notes1
and debentures at a cost of
approximately
cents per
compares with 25 cents paid on May 1, last; 50 cents on Feb. 1, 1943;
75 cents on Oct. 31, 1942, and 50 cents each quarter from Nov. 1, 1941,
City
■wholly owned subsidiaries.
of
The
annum.
Cr5,134
—X--—
preferred stock—
on
<
of
company
1941
♦Minority interest in undistributed net income, and undistributed netincome applicable to common stock of
subsidiaries acquired by Standard
Gas & Electric Co. in 1942 and 1941.
tProvisions for Federal excess
profits taxes totaled $4,349,555, which amount has been reduced
of
The
com¬
by
225,819,887 158,856,893 102,352,063
Net from railway——_
92,074,844
57,564,464
33,197,457
Net ry. oper. income
33,227,960
28,963,524
20,765,755
"
Interest charged to construction.———;r
of
income
■
V
1940
1
>
railway..— $42,550,814 $30,583,070 $19,779,377 $14,723,764
19,039,308
12,774,823
7,096,012
4,488,795
oper. income.—
5,325,350 •
5,702,881
4,734,316
2,333,288
•
and
income
■;x'.';
1942
income
Federal
operating
$434,955
:
railway
-
stock
in the
1942'
—
•
'
«
42,550,951
excluded..
1943
ry.
From January 1—
from railway—
:
capital
surplus
Consolidated net income—.
from
from
Federal
to
Expenses, taxes and income charges of Standard
; Gas & Electric Co.
Drl99,228
332,591
195,552
——_____——_
•Other
3,563,779
'jy.'-'*..
V
direct
1942.
———_
16,562
x-'Earnings of Company Only
':
carried
for
Total
220,240
...
•.
of
in
provision
25,740,227
Gross
J6
1943
:
~iT-
16,217
V
Co.
$1,136,217 *$1,119,380
___
of
was
income
Other
37,483,595
•-
RR.
85,456
50,011
481
$30,829,213 $29,430,429
Income deductions (interest on
bonds, etc.)—.
12,653,730
14,039,743
♦Dividends on capital stocks held
by public—
8,772,850
8,777,599
agencies
and
Co.—Earnings
revenues—,—__—
V
;
Southwestern Light & Power Co.—Proposed
—__________
MaMenancg
1/
ll^See
12 Months Ended June 30—
Total
(Operation
17,078
5,737,405
194,426
P.
reduction
which
Other income (net)
51,240,563
40,221,755
13,739,890- 14,465,311
2,704
6,730,977
'...ii—
S.
June—
158, p. 295.
Sioux City Gas & Electric
of
vidend—
compared with
as
cos.
for
than
for
refunds of
tincludes
■
Equity in undistributed current gains and losses of con¬
trolled companies, not consolidated, for the six months ended June 30,
(other
Net
:
solely controlled
82,334
48,547
______
reflect
accounts
Gross
2,847
of
expense..
*
excess
*
■.
Pac.
Income
and
Provision for State and foreign
390,128
2,394,814
So.
640,288
$5,101,955
3,847,108
,
Provision
40,611,883
333,238
Transp. Syst.
*Results
■
transportation
gasoline and oil taxes,
•> y.
51,573,801
adjust.—Cr
S.
Notes—(1)
tion
3,229,217
8,134,923
of
discount
interest-
on
taxes)
—__
Provision for Federal
*Separately Operated Solely Controlled Affiliated Companies—
16,149,689
3,041,567
stock
excess
961,505 /•'3,335,573
8,191,707
chgs._
debt
;
1
2,103,190
5,000,000
tax.
-
"-56,784
-'
debt
Subsidiary Companies—
37,382,667
58,432
fixed
of
to
Balance
Net
profit y
per
48,238,228
7,230,202
8,988,931
Consol. net
11,250,609
10,894,446.
for
549,230
$4,960,183
3,692,604
____
_____
Operating revenues
—
___$106,775,220 $99 ,070,317
Operation and maintenance———____________
41,331,237
38,810,558
Appropriation for retirement, depreciation and
depletion reserves
12,777,908
11,991,277
9,057,833
9,047,363
"
"
Transp. System
•
$
1,117,677
income
Net
11,49.*X217
charges—2,255,107
inc.
Net
Consol.
19,037,930
30,201,549
$5,742,243
-
.
14,046,499
.
130,625
$5,503,413
interest—
—_
in U. S.—net inc.
582,767
Oper. in Mexico—net inc..71,342
907,823
;
80,552
and
Consolidated Income Statement
(Company & Subs.), Years End. Dec. 31
1,503,371
890,613
:
deducts.—
contingent
•
18,130,107
532,265
1,721,177. •:
and
deplet—_
lease, aband. and
Earns,
29,669,284
510,409
402,959
com¬
taxes
adjustment
Taxes
8,156,750
income
fixed
144,003,234 116,816,659 112,766,743
98,686,552
98,720,244
890,509-
dry. holes
Fed.
$
,
29,012,452
oper.
$4,698,249
402,051
____
subsidiary
dividends
income
pany's
67,452,517
avail,
]'V\■;
income
and
$
-
38,712,513
———
charges—.—
114,333,950
27,379,743
income
Cancel
1943—6 Mos.^1942
8,023,278
affil.
Profit
of
owned
from
funded
on
♦Revised
a
75,452,952
■
1941
-
subsidiary.
_
127,182,962
Total
$3,-;
1940
.
debt
interest
Net
.
companies.)
16,756,851
ry.
Total
'^V;*
1941
1942
majority
Amortization
tax,
$
.
Oper.
(Formerly Consolidated Oil Corp.)
statutory
companies
income
Interest
Years
1942
ma-
210,921
income
Gross
Report—
Calendar
k
Transportation
";vv
•
25,402,293
misc.
Inc.
Sinclair Oil Corp. (& Subs.)—Earnings—
Deprec.
of
opers.
fr.
inc.,
$475,000;
V'V'
other
other
funded
on
Expenses and
291,659,260 200,966,609
21,955,662 164,476,298 125,513,657
ry.
Other
and
earned surplus,
from
from
panies,
Total
and
Net
$7,450,588,.
accrued
(158 079
*
Int.
Interest
28,743,012
rents—net
i
Total
Dividends
Dividends
•
accruals—'15,218,407
joint facil.
2,027,136
tax
'
expenses,
$101,328; Federal and State taxes on income (less
U. S. Treasury tax notes to be applied in
payment, $2,505,814), $1,146,-
■
■
for
companies
exps.__
rev.
Equip,
assets,
product
Other
ap¬
V
other
:
r
Only)
$4,815,889
Taxes assumed
1943—Month—1942
"So. Pac. Transp. System—
Total
refundable
.
Liabilities—Trade accounts payable, $59,883; customers credits, pay-,
able
in
merchandise, $627,632; salaries,
wages,
bonuses,
and com¬
missions, $295,946;
miscellaneous
accounts
payable, $42,916;
"Life¬
186,*,
been
157, p. 559.
v:...
;
time"
\
'
$
:
inventories, $3,256,516; other current assets,
$542,728; property, plant, and equipment , (less
for depreciation and amortization), $1,047,397; patents, trade¬
marks,
due
$226,483;
other
reserves
.'
Co.—Earnings
Period End. June 30—
Assets—Cash, $1,387,283; U. S. Government bonds, $50,000; trade
notes, acceptances and accounts receivable (less reserve of $75,000),
$741,996; claim against U. S. Government in connection with contract
$67,004;
series
the
of
■
Total
yI:y<:'.
'
(Also separately operated solely controlled affiliated
$934,807
',,.514,409
$800,107
__;
portion
r:■■■■
Bank
Pacific
System—
475,000;
-
♦Including $3,280,000 for
$328,000.
3%%
bonds,
(Company
-•
interest.—V.
and
Southern
62,303
*___
__
per
•
3,319.787
—-
-—
:
transferred
mortgage
Earnings
companies,
Other
Provision for post-war adjust, and contingencies
Balance
u
30,000
;
provision
v
122,500 v
(net)
deductions
•'
k
.
Corporate
Income from Dividends and Tnterest;
Dividends
from
subsidiary
appointed trustee under
for the issuance of an
providing
first
Standard Gas and Electric Co.—Annual
Parr
City of New York, successor corpo¬
rate trustee, 11 Broad St., New
York, N. Y„ will until. 12 o'clock noon
on Aug. 10,
1943, receive bids for the sale to it of Southern Ice & Utili¬
ties Co. first mortgage gold bonds, convertible 6%
series, due Feb. 1,
1946, to an amount sufficient to exhaust $40,025.34 at prices not to
506,246
:
:
been
and
"Lifetime"
liability under
guarantee
•Estimated
profit
and
_______—
current
593,447
••
__
Sharing fund
Provision for
38,682
of
has
Co.
Southern Ice Co., Inc.—Tenders Sought—
The
3,126
2,710
____________
1943,
$20,000,000
-
Co.
■
103,030
282
for
to
of
1,
'
$2,693,263
Interest paid
Manhattan
July
24
-
$5,406,136
______
the
dated
series
Co., Lexington Water Power
preceding pages of this issue.
The Chase National Bank of the City of New York has
pointed registrar for the preferred stock.—V. 158, p. 493.
15,152
,
on
of
Power
on
1975.
$2,537,846
_„A_—
Tlii..
10,499
purchases.;—'—--.-^^-,—38,517
earned
Co.
mortgage
initial
Discount
River
Power
Dec.
31,
due
1945,
during .the
year.
bonds,
of Market Street Railway Co. was reduced $128,51$
The liability, on notes and instalment contracts for
11,461,153
5,749,546
8,473,983
5,684,112
4,224,524
3,869,841
1,954,664
992,696
purchase of equipment was reduced $93,250 and bank indebtedness
was reduced by the sum of $6,000.
Mountain States Power Co. refunded its 3%
serial notes by similar
3,371,917
2,512,685
1,078,693
257,129
serial notes bearing an
the
interest rate of only 13A%.
A total of $120,000
principal amount of these serial notes was retired during the year.
586
total of
A
$475,000 of 4%
felectric Co.
retired
was
visions, and bank loans totaling $1,600,000 at the beginning of the year
retired.
were
funded
The
hands
the
debt
public
creased
Materials
Cash
The
bank
loan
Wisconsin
of
Corp.
Service
Public
outstanding
at
An
Public.
Utility Holding Company Act of 1935 is now pending before the SEC.
The
amended plan provides for the issuance
of 10 shares of new
common
stock (par $10) of Southern Colorado Power Co. in lieu of
each share of 7%
cumulative preferred stock, 1/5 share of such new
common stock for each share of class A common stock, and 1/15 share
of such new common stock for each share of Class B common stock.
Standard Gas & Electric Co. owns 360 shares of 7% cumulative pre¬
ferred stock, 6,247 shares of class A common stock, and 75,000 shares
of class B common stock f Suthern Colorado Power Co. The requested
findings of fact filed by counsel for the Public Utilities Division of the
Commission recommend,
in effect, that the new common stock be
without par
value in order to facilitate larger adjustments in the
property account of Southern Colorado Power Co, and that no par¬
ticipation be allowed to the class B common stock of Southern Colorado
Power Co.,
all of which is owned by Standard Gas & Electric Co.
Coincident
with the proposed recapitalization of Southern polorado
Power Co.,
a
refunding of its presently outstanding first mortgage
bonds, series A, 6%, due July 1, .12^.-^ contemplated^ ^
Southern Colorado
Dissolution of Northern States Power
Plan for Liquidation and
Standard
stock
Gas
and
Electric Co,
&
class B
non-voting
of
shares
729,083-5/12
•
of
shares
of
it
Minnesota
stock to
common
company
due
indebtedness
of
payment
which will then be of the par value of $10 each, in lieu of
of class A common stock of Northern States Power Co.
(Minn.),
share
each
(Del.) then owned, and 0.1625 share of such common stock of Northern
States Power Co. (Minn.) in lieu of each share of class B common stock
(Del.) then owned.
States Power Co.
of Northern
Serial
Electric
24,
Co.
1943,
for recapitalization of the company pursuant to the provisions of
the Public Utility Holding Company Aet of 1935.
structure of the company now consists of six issues of
notes and debentures aggregating in principal amount $59,202,200, and
four
classes or series of stock representing capital of $108,977,013,
The
preferred stocks representing capital of $87,350,943.
paid upon the prior preference stock since 1934,
thereon at Dec. 31, 1942, aggregated $28,-
are
No dividends have been
dividend
and
No
stofk since 1932, and no earnings have been available since that time
for the payment of such dividends.
The combined debt and capital of
the company, even before giving effect to dividend arrearages on stock
having a preference, are substantially in excess of the value of the
assets of the company after giving effect to an appraisal of the invest¬
ments made by an independent expert employed for that purpose.
The
need of a recapitalization of Standard Gas & Electric Co., aside from
the requirements of the Public Utility Holding Company Act of 1935, is
stock
common
States
remainder
California
The
of
Co.
Power
and
thereof;
and
of
Mountain
of the company for
series A,
the obtaining of the
(2)
Co.
Power
Oregon
stock,
common
additional"funds
the
required
by Standard for such payment by a three-year collateral loan and the
sale of its holding of common stock of Pacific Gas & Electric Co.t;
reclassification
the
consist
of
(4)
the
only
common
issuance
the
of the stock of the company so that it will
stock, series A, and common stock, series B;
the common stock, series B, to the holders
of
preference stock, $7 cumulative and $6 cumulative, and
preferred stock now outstanding in lieu of the latter
prior
the $4 cumulative
stocks
all
and
dividends
plan and will
The
of
bases
accumulated
of the
be eliminated.
present common
stock
and
in
6 Months Ended June 30—
stock
of
The
stock
of
common
stock,
series A,
stock
shares
of
for
for
States
share
for
the
stock,
common
holder will
B,
series
of
Standard
in lieu
Gas
<Sc
share
of
share
of
accumulated
each
share
in
preference
arrears
stock,
the
Through
in
arrears
cumulative
$4
arrears
stock, $6
thereon;
preferred
cumulative,
have
and
Co.
in
Pacific
view
of
been
company
;
1941.
.
all
operation
of
the
plan
of
recapitalization
further
Mountain
Gas
the
&
States
Electric
pendency
amended
so
that
Power
Co.,
and
of its
entire
*4,434,900
'
the
date
of
the
annual
meeting
& Mtge
...
the
for this year has been changed to Dec. 1, 1943.
Balance Sheet, Dec.
/■;.•■'//;/■ '■
..■
V
single lump sum,
issue,
2%
to
the
the
and
are
payable three years
from the date
with interest payable semi-annually at \Vi% the first year,
second and 2Va % the third.
They will be offered directly,
public
by
the
company.—V.
152,
p.
1297.
Assets—Investment securities and
advances, $169,261,049; office furni¬
and fixtures (less reserve for depreciation, $2,634), $9,737; cash
deposit in sinking funds, $697; cash on deposit in retirement funds,
$10,583; cash on hand and demand deposits, $5,337,724; dividends
receivable from associate companies, $1,597,728; dividend receivable
from other company, $100,210; deferred charges, $1,040,418;
total,
Thomas W.
MacLeod has been elected
to
the
expenses,
•17.557
36,132
for
21,038
/
941
964
'
.
——————Z •.I'/ $35,276
325
$185,745
$148,431"<
'
'
48,005
63,304
/
30,000
54,000.
$83,741
20,745
$55,127
21,284
12,874
24,138
48,236
13,000
36,000
contingencies——
$14,238-
—„Z
dividends
preferred
dividends
shares
—V.
class A
on
—
of vehicles,
1950.
157, p.
•
—auw—./—;-
share
per
common
Number
*
21,588
7
and
Nil
$0.60
$1.10
589,992
1,007,226
1,132,957
—T—
6- months—Jr—
^
'
'
/
..'■/
•
■'
:
;* Tennessee Central Ry.—Earnings—
June—
r
from
Gross
from
Net
ry.
Net
from
from
Gross
from
ry.
—V.
$267,408
$195,254
100,350
92,790
33,014,
/141,505
51,592
48,347
792,359
477,176
420,785
1,943,274
1,429,737
477,176
420,785
317,568
237,461
223,767
145,991
railway
1—
158,
2,366,569
792,359
/
427,577
income-,94.
p.
13,391
•
317,568
Z ' ;/
,.
railway
railway——
oper.
•
$363,002
270,585
income—'
„*■
oper.
Jan.
From
1940
$537,045
railway-
railway—
Net
:<1941
1942
/; /'> 1943
:
•
1,304,700
Gas Co. Acquisition
Texas Public Service Co.—Peoples
The
1943 .
—-Z $1,923,096
1,683,541
$986,931879(795
profit from sales—
——
$239,555
general, and admin, expenses—109,314
$107,136
103,577.
briquets
sales,
■
-
-
-
Cost of goods sold——
Gross
Selling,
1942
• •
—
—
from
——
$130,242
$3,560
22,324
operations——
income credits
Gross
Income
and
Net
income for
Dividends
on
the year—:
the
no
debtedness,
Net
$9,117),
$36,761;
U.
ry,
$12,649
8,277
40,059
total,
including
a
,
t
property,
$479,282.
accrued
Peoples Gas was con¬
plan of) reorganization*
156, p. 2231.
,
;
,
wages,
of
ac¬
1941
$212,846
$195,731
119,315
74,812
asked
72,129
212,455
87,309
27,709
29,743
1,314,625
1,130,371
1,398,116
income—.
1,213,305
1,150,156
331,550
168,820
,
....
,
520,802
356,885
200,845
\ 147,251
-
Bank & Trust Co., New York, filed July 31 a
Peoria, 111., against the company.
set forth contentions of failure to pay mortgage obligations,
Hanover
foreclosure
in General Court,
injunction to prevent any distribution of assets and appoint¬
receiver, and demanded immediate sale of the road to pay
an
a
accounts.
Federal
questions
p.
?
2,401,683
Central
overdue
1940
railway-
The bill
$55,700;
' '
1942
$269,026
246,088
—
railway-
oper.
ment of
RR.-JEarnings—
$429,148
railway-
Foreclosure Sought—
The
^
$72,408;
Co.—50-Cent Dividend—
Judge
of
an
J.
Le
Roy
injunction
Adair set Aug. 9 for a hearing on the
and appointment of a receiver.—V. 158,
94.
Federal and
crued
profits
taxes,
vertible
stock
$535;
,
bill
S.
payable,
to
3
oper.-income—_
from
$61,595
1943
accounts
premiums,
purchase
June
value common
railway
from
—^
Aug.
on
From Jan, 1—
ry,
Treasury bills and "certificates of in¬
receivable, customers (less reserve of
miscellaneous accounts receivable, $477; inventories
$45,864;
$285,086;
Port.
1943
from
Net
30,
to
last
Toledo Peoria & Western
Net
April
filed
June-
4,190
Sheet,
for Texas
Roller Bearing
par
Gross /from
$16,839
convertible preference stock_—_—
Balance
proposal
amendment
directors
The
$152,566
—
request of the city of
find
declared a dividend of 50 cents per share
stock, payable Sept. 4 to holders of,
record Aug.
20.
Similar distributions \v£re made on March 5 and
June 5, last,
payments in 1942 were qs follows: March 5 and June 5,
50-cents each; Sept, 5, 25 cents; and Dec. 5, 75 cents.—V. 157, p. 2054.
1
_Z———90,971
income
an
it
that
the
in
Timken
13,279
—
charges
under advisement a
taken
that the proposed acquisition of Peoples
Gas
Co.
by Texas Public Service Co. from Consolidated Electric &.
Gas
Co.
failed to qualify under the integration provisions' of
the
Public Utility Holding Company Act, or, in
the alternative, to defer,
action on
the proposal pending the vote of
the electorate of Port
Arthur on Aug. 12 on a $2,100,000 revenue bond issue to put the city
In a. position to bid for the property.
Texas Public Service Co. is a subsidiary of Peoples Light & Power.
Tex,
Net
Other
has
SEC
Arthur,
office of Executive
new
Inc.—Earnings—
Stott Briquet Co.,
Years Ended April 30—
Net
State income taxes, $48,333; accrued Federal excess
$42,300; other accrued taxes, $7,245; cumulative con¬
stock (8,000 shares, no par), $40,000; 'common
Trans-Oceanic Air Lines, Inc.—Registers With SEC—
preference
(65,617 shares, no par), $65,617; capital surplus, $142,318; earned
surplus, $61,061; total, $479,282.—V. 156, p.
'! The
company
with the
1782.
on
July 31 filed a registration statement (2-5192)
300,009 shares of class A voting stock fno.par).
SEC covering
under laws of State of Delaware' on Feb. 9, 1943, under
leadership of Captain. Thomas G. Smith, by a group of Air Force
Ferry Command pilots,
company is now engaged
in trans-Atlantic
Organized
Suburban
reserve for reorganization
a__.
—
cumulative
on
Gas
&
Electric
Co.—SEC
Approves
Pro¬
posed Sale of Stock—
The
able, $80,650; accrued taxes, $129,999; Interest accrued on funded debt,
$1,128,713; other accruals, $46,989;
10,805
$185,420
17,098
previously filed by Peoples Light & Power.—V.
and William O. Riordan has been reelected President.
Edward Small and Benjamin Timoner have been elected Vice-Prsidents^
and other officers were reelected.—V. 155, p. 2100.
$177,358,145.
Liabilities—Capital stock, preferred, $87,350,943; common (2,162,607
shares, no par), $21,626,070; funded debt, $59,566,700; accounts pay¬
45,871?
32,589
$147,490
/ Net profit
tained
Liabilities—Accounts
ture
33,535
$34,311
income
Reserve
Co,
N. Y.—Officers Elected—
Stern Bros.,
prepaid insurance
on
$361,908
35,696
45,876
Federal and other inc. taxes accrued
/;•//?. v.
■';'/••/■/'-
/•'/.•*
-
mature
certificates
The
of
$46,145; cash value of life insurance policy, $8,713;
31, 1942 (Company Only)
$327,471
10,62$
income
Net
,
-Registra-
Co., New Dim, Miniu
J/':,;\
invest¬
of
*1941
$202,146
29,838
45,871
33,553
——
3,616,500
t6,212,000
registration statement covering $500,000 of investment certificates,;
1203, has recently been filed with the SEC.The certificates
provide for payment to the holder of a stated sum at a definite time
in consideration for payment by him of periodical Installments of a
definite amount over a term of years, or the payment by him of a
im¬
company
'
:
1942
A
of integration will be
the by-laws of the
'/S/fe/'z/,
'
■
1943
———ZZ—Z—
Total
;
.vV..',
Assets—Cash,
plan,
'--Z./•:,
10,478
Profit
«
series
Co.
of the
"v,/
——30,994
-
Earnings
:•
State
share
tion—
■
'
Gross
portant steps in the completion of the program
In
1942
.
-
.
.j——
common
State Bond
Profit
stock and
thereon.
accomplished, namely, the disposal of the greater part of the common
stock owned by the company in its subsidiaries, The California Oregon
ment
'
1950.
p.
$7 cumulative,
thereon;
prior preference
and
of
and in
prior
and
Scrip certificates will be issued for all fractional shares, as provided
the plan.
Power
1943
,
2,542,312.
2,338,730 12,938,315
$2.97*
t$3.49
Z
$2.70
•After deducting post-war credits./, fRevised. /a.//,.-.Vvfvxv Vi:
Note—The
principal
difference .in income
before taxes and in
income tax provisions for the respective periods arises from th$ com-,
pany's marked increase in crude oil production and exploration activ¬
ities, which involve substantially increased charges to taxable income
for
drilling expenditures, depletion, and other charge-offs,—V. 157,>
•
receive,
the following bases:
dividends accumulated
in
;
—
——
Earnings per
Oregon Power Co.; two shares of
Power Co., and 23 shares of new
of Standard Gas & Electric Co.
accumulated
each
dividends
all
new
each
dividends
shares
0.23
Mountain
upon
shares
6.3
California
(other than common stock)
Electric Co.,
all
income
profit
fifteenth
35,894
18,739
33,150
Common
$65,214,571 $64,067,084 $44,776,538
6,773,630
9,150,316
6,150,372
income—
&
Fed.
estimated
for
taxes'ion
„
taxes,.——
oil
profit before taxes on
Prov.
payment and distribution proposed under the plan are
common
7.3
and
*
plant, a former motor,
for the manufacture of
and electronic products.—'
lighting
Glass A dividends—_—r—1„—
(& Subs.)—Earnings—
deducting
after
income
oper.
gasoline
tube,
radio
',/;
Financing costs
Vice-President,
common
thereof,
Interest
5%
Gross
v
//■•
as
(Ohio)
Standard Oil Co.
for
.
Operating and maintenance——
Depreciation
Administrative and gen. expenses—/
Taxes
————Z—l———
1943,
system for the week ended July 31,
11
•,;
plant,..in Warren, Pa.
The
building, will be converted
service
tolls
Income,
the"
in
companies
operating
utility
public
the
kwh.,
:,/•;/
corporation on Aug. 2 announced the acquisition of its
and
Other
Electric Co.
' /
..
.,/ ■.*
Tacony-Palmyra Bridge Co.—Earnings—
/
The
For each note or debenture of the principal amount of $1,000, in dis¬
charge thereof the holder thereof will receive $50D in cash; five shares
and
of
output
189,745,000
renegotiation'
possible revision in Federal1
at present only be estimated
these interim results, the
.
,
Plant—
6 Months Ended June 30—
.
participate under the
will not
company
thereon.
arrears
follows:
For
1
a
the effect of such factors can
assembly parts
158, p, 94.
compared with 161,344,000 kwh. for the
corresponding week last year, an increase of 17.6%.—V. 158, p. 494.
totaled
provided for such
give rise to further adjustments in
V.
it was disclosed.
Weekly Output— v.''/V
Electric
may
The
;j.
V'/y-r/
[
''
;
contracts and
corporation's war
rates,
manufacturing
selected to take over Mr. Crowley's duties
for Standard Gas & Electric Co. Mr. Mathews, who is a Vice President
of the Public Utility Engineering & Service Corp., Standard's service'
organization subsidiary, was elected Vice President of Standard Gas
"to assist with administrative activities during Mr. Crowley's leave."
The
posts of Chariman and President of the company will not- be
Standard Gas &
the
New
resigning from the
to be able to center
••••/
,
V
"
report states.-
Mathews was
George C,
the
brief,
and
•
stockholders of the 414% cumulative convertible preferred
called on June 5; and 165,000 shares being new-'
sold to the public as set forth in a prospectus dated'
1943.
Net
plan provides for (1) the retirement of all the out¬
standing notes and debentures of the company by the payment in cash
owfc one-half of the principal amount thereof and the -distribution of
of
■
514,368'
$0.79'-
$854,474
t$0.81
'
post-war
stock
sales
obvious.
therefore
as
but relinquishing his duties so as
$407,527
*
the company
tax
,V
,
deducting
and
773,931,579 758,805,801
;
=
of
Note—Although commensurate reserves have been
9,716,564
...
end
at
————
contingencies as a possible adjustment, in earnings due to
•/':3,421 ;•
3.421
Z
May 3,
Crowley,
activities on the OEW.;
his
75,535
$693,091
;
outstanding
shares
com.
former
by
stock,
cumulative
preferred
Standard system,
Net
of
■
stock
common
of
\
It was explained that he was not actually
system.
$483,062'
35,880
stock
cumulative convertible pfd.
stock of
head of the new Office of Economic Warfare, on
July 16 relinquished his $60,000-a-year post as chief executive officer of
this company.
At a meeting of the directors he obtained an indefinite
leave of absence from the offices of Chairman and President of this
T.
1,241,050
..
$728,971
refund of $206,540.
touting* the six;
months ended June 30,
1943, the outstanding common stock of the'
company was increased from 514,368 shares to 854,474 shares, 175,106
shares of this increase arising from the exercise of conversion rights'
15,035,693
ZZZ///ZZ—'Jl-- 15,949,387
New Executive Head Elected—
Leo
No dividends have been declared upon the common
(3)
$7
»2,308,440
—
period
*After
capital
its
7Z——ZZZ'^ZZ^IZ-ZZZZ:/—ZZ*;:}//
,//————————„■————
—
1942
*
368,348 no par shares; $6cumulative preferred stock, 100,000 no par shares; $4 cumulative pre¬
ferred stock, 757,442 no par shares.
$2,162,607 no par shares.*
y
arrearages
gated $29,792,718.
and
in
invested
subsidiary
•Includes
Net
In
'
Total
dividends have been paid upon the $4 cumulative pre¬
ferred stock,
which is Junior, in rank to the prior preference stock,
since 1933, and dividend arrearages thereon at Dec. 31, 1942, aggre¬
447,002.
•'<
-
capital
of which
three
of
stocks reacquired
Consolidated earned surplus
of
Number
——
1943
surplus arising from appraisals of sub¬
——15,035,693
properties
Surplus
1943
.
Earnings per share————
—
sidiary companies'
,
-
income
for Federal, taxes on
./Earned on common
—.
maturing in
debt
•>.-
and allowances)— $26,662,278 $14,540,010'
3,037,41L.
1,724,112.
returns
income
Divs. on 4Mj%
—'
573,3361,003,690,
" 19,616,774
18,241,633'
——4,017,347
4,047,204
declared
funded
Capital
an
plan
Net
,
filled,
application was filed by Standard Gas &
with the SEC for the approval by that Commission of a
March
Provision
—
accrued liabilities
Dividends
sales "(less
Income before Federal taxes on income——/-
294,154
320.217,
1,012,230
999,595
1,649,936
1,297,026
Deferred liabilities and credits
1,558,919
1,335,416
Reserves
' 115,232,010 108,423,124.
Contributions in aid of construction———...—
3,085,588
2,973,338
Other
Integration and Plan for Recapitalization of Standard Gas & Electric Co.
On
6 Months Ended June 30—
Gross
'
;
(Formerly Hygrade Sylvania Corp.)
———
•-
—
Nil
depreciation,
Sylvania Electric Products, Inc.—Earnings—
773,931,579 758,805,801
313,816,874 315,527,512.
.-ZU,
12,700,000
10,650,000
X'
V/ 723 1
.4,741".
———ZZ/-Z,——Z-Z;
3,584,916
3,855,598
—
y 1,095,132
1,113,238
deposits
interest
Accrued
the Minnesota
latter
the
After
•
_
—^
Accrued salaries and wages.
and
company, the
reclassification of the then outstanding shares of Minnesota company
common
stock, and the distribution of such shares, all of which will
then be owned by the Delaware company, to the Delaware company
stockholders. A number of hearings have been held before the Com¬
mission, but no decision on the plan has yet been rendered by the
Commission.'',
;z'';,/.zr
If and when the plan is consummated Standard Gas & Electric Co.
will receive 1.95 shares of common stock of Northern States Power Co.
in
company
z&bttsuats payable
Accrued taxes
Although the foregoing shares represent a substantial
Gas
Electric Co., Northern States Power Co.
(Del.) is not a unit in the Standard Gas & Electric Co. system.
On June 3, 1942, an application was filed by Northern States Power
Co. (Del.) with the SEC for the approval by that Commission of a plan
pany system
constituted as at present is not permissible under the
provisions of the Act mentioned.
Briefly, the plan provides for the
liquidation and dissolution of the Delaware company, the surrender by
'
//-
notes,
Customers'
stock/
dissolution of that company pursuant to the
provisions of the Public Utility Holding Company Act of 1935.
Northern
states Power Co. (Del.) is solely a holding company owning 4,000,000
shares of common stock of Northern States Power Co.
(Minn.), con¬
stituting all the outstanding common stock of that company. , Its
only other assets are net current assets. In the opinion of its counsel
the continued existence of the Delaware company with its holding com¬
109,232
31,183,570:
3,742,026
stock'————...
_
;
$$45,801.
$0.55
Federal income and excess profits taxes, etc.
tOn 85,000 shares of capital stock.
$Loss includes non-recurring loss
of $85,-421.—V. 157, p. 2258.
'
■
'
.
*
-
—87,350,943
87,350,943,
tCommon stock
—*—ZZ——_
21j626,070
21,626,070
Minority interest in capital stocks and surplus
of subsidiaries
155,728,125 155,275,777
Other
$46,498
$0.64
697,316
3,415,157
————
Long-term debt
Banks (notes payable)
$54,881
$74,219
share—$0.87'j
80,900
Liabilities—
•Preferred
1940
1941
1942
1943
'
• —:
per
.
of that company.
liquidation
profit
931,428
28,765,019 '
capital stocks—
expenses on
30—" "
6 Mos. End. June
'•Net
774,694
-4_——
and
Commissions
'
■
fEarnings
59,187
Deferred charges
policy.—
*
52,730
——
—
-
100,210
-J/.-—
current assets
assets
the
on
918,890
<
——————_
Other
399.
p.
share
per
The company has no definite dividend
1941.
20,
$1
cents paid
with 50
Sweets Co. of America, Inc.—Earnings—
•
165,090
Dec.
on
158,
of
dividend
a
payable Aug. 25 to holders of record Aug. 14.
on Feb. 1, last, on Aug. 28,
1942,
$25,
par
52,730
v
and gas./—i.—1—wa-i.:,—■
Other
stock,
100,210
associate company—„
from other company—..——
Prepayments
V.
46,745
211,777
:
Coach Co.)
and Pittsburgh Motor
Total
(Calif.)—To Pay $1 Dividend—
declared
have
directors
compares
and
8,592,058
9,386,467
:
Unbilled electricity
investment by Standard
the
Co.
2,140,097
10,150,193
51,555
———
—
Dividend receivable from
(representing substantially all of the shares of that class of stock
outstanding) of Northern States Power Co. (Del.).
The 11,600 shares
of class A common stock constitute 1.03%
of the total voting power
for
supplies
The
common
This
8,334,079
(net)
receivable
notes
and
Dividend receivable
Co. (Del.)
common
and
companies—,—.,
Accounts receivable (trustees of Pittsburgh Rys.
11,600 shares of class A common
owns
1,650,602
2,841,816
Indebtedness of associate
pursuant to the provisions of the
Power Co.
17,684,626
share.—V. 158, p. 295.
by minority stockholders at $31.25 per
taken
684,767,431
16,891,400
698,840,144
_
deposit———
on
S. obligations)
deposited for payment of int., divs., etc.
Accounts
31, 1941, in the amount of $1,000,000, was paid off in 1942.
< ■■■'
amended plan, dated Sept. 11, 1942, for the recapitalization of
Dec.
hand and
on
Cash
$100,000.
fund accounts—
and
Investment
during the year, bringing the
owns-approxi-
••• Properties
-
Superior Oil Co.
Temporary cash investments (U.
This
1942.
year
serial funded debt maturing in 1942.
increased $5,500,000
Lighting
Boston
North
share.
per
mately-97.5% of the outstanding stock of Suburban and has agreed
purchase -from the company or at public auction any shares not,
to
Assets—
reduction represented the retirement of
Bank loans of Duquesne Light Co.
total of such loans
to $9,000,000.
The bank loan of Pittsburgh <fe West Virginia Gas Co.
decreased $150,000, and that of Kentucky West'Virginia Gas Co.
in¬
the
during
1941
1942
Philadelphia Co. and subsidiaries outstanding in
on
Dec. 31, 1941, was reduced $1,297,026
of
the
of
$31.25
other contingencies applicable to periods prior to Jan. 1,
earned surplus since Dec. 31, 1937,. $6,946,492; total,
$177,358,145.
■'
Consolidated Balance Sheet, Dec. 31
$481,589;
1938,
accordance
in
and
taxes,
1946 of Oklahoma Gas &
with sinking fund pro¬
debentures due
1942
In
Monday, August 9, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
:
of
SEC
25,120
has
approved 'tne sale by the
shares
of
additional
company
capital stock,
par
to
$25,
its stockholders
at
a
price
of
operations of a strictly; military nature.
The. contemplated activities
of the corporation are- essentially of a peacetime
nature, and will
Include the transportation by air or partly by land and Water
and
Volume
partly
kind
by
Number 4201
158
air
of
mails
passengers,
THE COMMERCIAL
freight
and
through maintenance of commercial
and
.
air lines
of
express
supply,
every
and services
in
all
industry must
parts-of the world.
To
accomplish
the
that "objective:
to the stock Initially
offered will be limited to the active operating personnel of the cor¬
poration consisting of flight crews, officials and department heads of
.the corporation.
Initial offering will be limited to 250,000 shares, at
a
price of $1 if paid in United States currency and $1.10 a share if
paid in Canadian currency.
,
Tri-Continental
Nummary
The
the
on
basis
of
of
subscriptions
shows That
and liabilities
valuations
June
on
30,
The
Dividends
Total
i
Taxes.
——:
income:—u—_-
$631,827
34,943
/
—^
Expenses
Interest
•
Net
/II
;
$662,063
14,417
,
$734,670
,25,427
92,144
,130,636
140,500
$424,867
,
,
profit
.—————
declared.
divs.
Prof.
Sheet,
June
.'.'-•■■•
'
securities—at-
Investment in U. S. Govt;
other
in
securities—at
Special deposits for dividends,
,
Interest
.
and
.*»
$930,511
Due
for
Due
<
for
381,965
331,367
280,624
5,304
.
'
121,609-
97,604
.
54,200
.
debt
Total
•
cost
3,568,500
added
market
value
—
investments
of
June
on
stock,
157,
1752.
$40,161,620
1943,
less than
30,
was
' ?'
'
.
ables
fo1:'"1
.
•'
in
..v
'
' •
,
Cost of sales-
;
from operations—
Other Income (pet)
Net" profit, before
15,105,630
—
.
r
in
■«.
<
profits taxes—-/—
refund/—
•
Balance Sheet,
Feb.
miscellaneous
'
Liabilities—Notes
payable
accounts
(subsidiary
and
J
compensation
»
come
'•and
and
—v
Cr475,000
'
-
1943,
•
wages,;
>
i
and
//v,-Vt'■
paid; June
$1,264,335;.
•
claims
$4,900,000;
for
prior*
profit
1,
accrued
taxes, \ $457,028
accrued
expenses,
,
.
There
;
have
$32,Q00
tat
102.l/2
beep called
of:
10-year
and
Bank of
interest:
convertible
Payment
Chicago,- trustee,
debentures
will" be
made
15,
due
at
Chicago/ Ill.—V.* 157,
-
1943
the
First
p." 824.
United Aircraft
E.,Wilson
also
named
was
Raycroft, Walsh
continues
Senior
as
Vice-Chairman
elected
was
to
and
the
will
An
of
and
operating
Messrs.
as
Rentschler.
(Controller.,
i
•
committee
also
Walsh,
Wilson,
constituted,
was
Horner
and
J.
F.
'
The
new
Darlington, plant of Hamilton
>
of United Aircraft Corp,
;
operations.
The
first
a
few
Standard
have been started without a formal plant
.scheduled quotas are expected to be in production
1951.
•
Truax-Traer
Net
profit
earnings
tion,
'to
to
the
for
fiscal
of Central Barge
April 30,
Dec.
Co.—Annual
Coal
31,
1943,
previous
Provision for
and
ended
19%
of
interest
in
Federal
Central
and
State
such
fiscal
30,
1943,
V
year,
division
If
•
to
■
current
show
Truax,
of
the
total
a
trends
still
continue,
told
for
the
national
demand
for
to
meet
this
first
t
Includes
the
the
com¬
profit
taxes
coal
is
likely
increased demand
are
two-fold:
and
its
subsidiaries
by the company and certain of its
products, including drugs, proprietaries
sub¬
and
1,
to
payment
of
dividends
;
.
March
follows:
and
11,
June
10,
cents;
37*/2
rhail
passenger,
and
for
will
exceeds the
effective
is the
Boston
At
largest of
and
St.
Louis
the
it
manu¬
manufac¬
plaster and tape, rubber bands,
for recreational use, bathing suits
bladders, play balls and inflated
and,
basketball
of
these
Firstaid,-
products
bear private brand
nam.<?^
Symbol, Roxbury,
Defender^
almost entirely engaged in
Maximum,
this
present
is
company
-
■
Drug
adhesive
combs;
Some
work.
Ltd.,
Co.,
in
pharmaceuticals,
Toronto,
toilet
Ont.,
goods
manufactures
and
proprietary
cosmetics.
Valley Pure Food Co., Inc., in Highland, N. Y„ makes grape
soda fountain fruits,
chocolate and other syrups,
preserves,
juice,
jellies
and
United
other
food
products.
Chocolate
Refiners, Inc., in Mansfield, Mass., makes choco¬
coatings, chocolate bars, candy and similar products,
Eastern Tablet Corp., in
Albany, N. Y., manufactures stationery,
writing tablets, envelopes, paper drinking cups and related products.
late,
cocoa,
The
Absorbent
factures
ucts,
Cotton
Co. of America, in Valley Park,
Mo., manu¬
cotton, gauze bandages, dressings and allied prod¬
principally engaged in war work at the present time.
absorbent
and
is
United
Cotton Products Co., in Fall
River, Mass., is a very small
manufacturing subsidiary of the company, engaged in the manufacture
of
cotton
./
fabrics.
The
volume of war work done by the
company and its subsidiaries
1942 amounted to approximately 15% of the net sales of
the manu¬
facturing
and
group
approximately 5%
of the combined net sales
and retail groups, and in the first five months
approximately 26%
of
the net sales of the
manufacturing group and approximately 8% of the combined net sales
of the manufacturing
and retail groups.
The United Drug Co., Ltd,
(England), and United Drug Co. a. A.
of
the
of
Pay¬
June 10,
operations
express
at
Hudson
last.
and
properties.
Co., the largest of the company's manufactur¬
in New Haven, Conn.
Its products include
syringes, oath sprays, rubber gloves for house¬
and
Kantleek,
United
10
10
toys.
as
medicines,
dividend of 20 cents per share
to holders of record Aug. 30,
a
plants
use,
rubber
others.
in
March
Rubber
football
war
Dividend—
on
its
surgeons'
•
hard
caps,
and
common
on
leased
on
operating unit,
an
bottles, fountain
such
(issued
1953
exceptions)
as
In
group.
swimming
other
$526,488;
due Jan.
minor
processes
and
and
income
accrued
$851,200),
notes,
manufacturing
1943
amounted
(Proprietary),
small
assets
to
Ltd.,
and
subsidiaries
are
earnings.
the
of
with
company,
The former distributes
relatively
line of
a
drug store
English pharma¬
ceutical concern, to approximately 2,400 "Rexall
Shops" in the British
Isles.
The latter manufactures a modest line of
drug store products
which are being distributed in South Africa. *
the
which
is
manufactured
for
it
by
an
any
Retail
30,
and
military
traffic
all
United'?./system
along
'
months
last
Mail
year.
82 V2%*
this
of
with June
year,
totaled
miles
pound
the
over
miles
totaled
5,326,701,541
9,717,100,596
operated
the
in
miles
airplane
to
the
fact
planes
half
pointed
to
the
company
Government
Traffic
gains
for military
made despite
the
disclosed
out,
;
high
.
-
.
•
late
purposes
this
decrease,
in
it
available planes
this year.
regularly scheduled
considerable opera¬
for the Army Air
of
'
A
Group
The
direct
new
cities
and
Coast
Associated
the
along
coast-to-coast
route,
Press
will
service
formed
were
of
two
Engineering
in
it
announced
was
Debt
15-year
3Vi%
and
July
29
by
(par
$50)__
Smith, Barney & Co.
on
Aug. h
Higginson Corp.; Paine, Webber,
Jackson & Curtis; Shields & Co.; Stone & Webster and
Blodget Inc.; Union Securities Corp., and White, Weld
& Co.
■The
Common
•All
stock
owned
beneiicially
are
dated
graduated scale downward
debentures
any
1,
The
before
Aug.
will
be
1,
1943,
on
100'/a %
to
redeemable
for
the
and
mature
or
before Aug.
on
or
sinking
down
1,
Purpose—The
to
stock
100 <A%
on
will
redeemable
1951,- and
proceeds
be
$102.50
will
be
or
before
at
fund
on
102 Va%
Aug.
$104
Aug.
i, 1946,
before Aug.
1 thereafter, with accrued interest at
1946,
preferred
Aug.
Aug.
redeemable at 105%
are
portion
connection
of
as
with
of
company
the
of
record
said
date
purchase
1,
1,
real
estate
31,
The
1,
1944,
on
or
share
before
insurance,
Statement
or
thereafter.
by the company, together
with $2,181,576 of its general funds, to the redemption of $30,243,200
Inc.
real
non-
owing by the company in
and
the
construction
etc.,
of
the
on
Income
for
the
premises.
(Company
and
Subsidiaries)
5 Mos. End.
1941
$
Sales,
Cost
less
etc.
sales„„____
of
Selling,
returns,
&
gen.
$
90,298,133
102,460,960
121,997,977
65,327,451
77,439,709
expenses
Profit
..
Total
Interest
Loss
6,535,106
11,403,904
5,130,899
81,055
75,176
34,606
6,616,162
11,479,081
5,165,505
1,707,357
1,672,131
1,603,641
644,681
468.230
413,936
283,958
71,458
2,071,391
278,437
taxes
__
81,360
355,603
382,194
1,212,061
1,625,000
325,000
300,000
-
3,375,000
2,718,000
income
surtaxes-
1 profits
excess
(net)
Canadian
excess
of
leases
and
taxes
debt
oper.
normal
Federal
Net
income
and
profits taxes—
profit
33,963,639
14,853,532
3,813,326
Other charges'
Federal
53,948,070
,
122,843
funded
on
.
33,154,364
income
from
■
■
.
30,598,403
—
guaranteed
v
May 31,'43
29,013,836
oper
income
.
1942
3,690,482
————
from
57,593,815
admin,
for
peroid—
43,944
107,324
150,000
73,000
1,130,240
2,555,107
2,370,092
1,054,929
Consolidated
Balance
Sheet,
May
31,
1943
Assets—
—„—
S.
Treasury
Accounts
notes,
securities
and
notes
tax
and
:
Investments
——-—.—■
series—
call
receivable
inventories
————
loans-
and
advances,
accounts
Deferred
etc
——
(net)-
—
—
—
——
26,962,836
1,710,412
14,226,009%
1,014,856
—
trademarks, .etc.
5,000,000
834,713
—,—.
charges
Goodwill,
$10,402,027
4,448,016
(net)—;
;
Property
on
land
Drug,
on
$21*,536 of
represented the
1940
Marketable
1956.
per
1943,
$207,054
amounts
of
United
are
taxes,
U.
1956.
Aug.
of
by
in Chicago, Hi., during the year 1941.
payable in equal monthly instalments of approxi¬
mately $1,500 (which includes interest, at 5% per annum), to Aug. 1,
1961, all or any of which instalments may be accelerated by the
company at its option.
In addition, the company is obligated to pay
obligations
on
a
FInanoing)
$20,000,000
warehouse
new
a
The
1958.
1,
and
Present
100,000 sha-A
140,056 shs, *140,056 shs,
and
Company also was obligor on May
purchase obligations, of which
Cash
debentures
to
1958-
$20,000,000
$4.75 cumul. pfd/ stock (no par100,000 shs.
& Weeks; Lee
Debentures
due
——Years Ending Dec, 31
principal underwriters are Glore, Forgan & Co.; Harriman Ripley & Co., Inc.;
Goldman, Sachs & Co.; Hornblower
debs.,
T.
Geo.
(Giving Effect
Authorized Outstanding
fund
$30,000,000 Debentures and
Co.—Offers
Drug
Capitalization
sinking
Executive Vice-President and General
on
and
of
Funded
Co.—Promotions—
Foundry
&
has been elected
Gardner
1933
1934 acquired the assets,
respectively,
chains/The Owl Drug Co. and Louis K. Liggett
bankruptcy.
The old Owl Drug Co. was a direct
Inc., and the old Louis K. Liggett .Co,' was a sub¬
retail
then
of Drug,
the company.
property
sidiary
in
and
former
both
current
,
passenger-mail-express service to Washington, D. C.,
Pacific
new
Co.,
estate
corporation has announced that effective Aug. 16 it will inaugu¬
a
,
Co.,
•
United in the period decreased
turned over a considerable
by
flown
that
the
1942.
of
for
first
-
preferred stock. The debentures were priced at 101%%
and interest, and the preferred stock at $100.
Other
Aug.
coal
applied,
$20,000,000 15-year 3V4 % sinking fund deben¬
tures due 1958, and 100,000 shares of $4.75 cumulative
or
national demand for
hold
offered
upon
the available supply of trained manpower
and mine
supplies.
Given the necessary manpower and mine sup¬
plies, however, this company and the rest of the coal industry should
be able to produce
substantially all the coal the nation's transportation
system can crowd into its already overburdened facilities, he said.
that the
company
sold
Seamless
water
stock in treasury. (12,227 shares), Dr$76,182;
ment houses headed by
operating
event
respect
as
New Service—
depend
In the
the
engaged
be
rata
Inc.
which
Briten.
The
and
wages
.
during the coming year, Arthur H.
steckholders.
The ability of this company and
blatter,
accrued
$44,364;
accrued,
be
to
$134,596;
Preferred Stock—A nation-wide syndicate of 66 invest¬
increase
that
each
done
manufacture
Drug Co.,
or
Other
$8,985,457.
further
President,
industry,
of
and
cur¬
.
six
of
of
United
production
year's
and
was
ing subsidiaries, is located
of
Ladd, President.
Mr.
Gardner
formerly
was
Vice-President
and General
Manager.
Geoffrey G. Beard, who has been with the company for 16 years, was
elected Vice-President in charge of sales engineering; John L, Young
was
named Manager of industrial
research for the company, and
William
Hagel,
formerly Assistant Sales Manager, has been made
Manager of machinery sales.—V. 157, p. 1655.
$1,217,000, compared with $507,500 for the preceding year.
of coal by the eleven Truax-Traer mines last year
again reached an all time high with a tolal of 5,241,027 tons, compared
with 4,744,480 tons for the previous 12 months, a gain of 10%.
Sales
in same comparison amounted to $11,183,085, compared with the.
pre¬
ceding
Inc., were dissolved
independent status. This
Drug,
in
expect to
lew
a
nipples,
.
Manager,
Barge.
exoess
was
1943
30,
year
was set by
this corporation for the
according to figures released on July <23 by
Vice-President in charge of traffic.
Continued gains
of
United
.
representing
and
April
1942.
of
K. C.
1943,
income
of
businesses
Consolidated
totaled
The
Drug,
a
approximately 2,400 different products, which in¬
a
practically complete line of drugs, pharmaceuticals, medicinal
products and cosmetics/which are sold under many brand
names,
among
the best-known
of
which
are
Rexall,
Puretcst,
Plenamlns,
Multamins, Bisma-Rex, Mi-31, Cara Nome, Adrienne,
Klenzo, Stag
prior
advices from Chicago.
provide for the first time a direct, through
overnight service from' Washington to many cities, some 2,700 miles
from the capital, the company stated.—V, 158, p. 399.
up
Regular
this fall.—V. 157,
•' ■
in
accounts payable, $420,342;
notes,
interest
disbursed
June
-
increase
The
the ,date of acquisi¬
earnings from May 1, 1942,
1,
if
former
stockholders
medicinal
or
facturing
$87,543), $1,303,204;
$575,880;
pension fund
(cash),
for depletion and depre¬
July 29 declared
payable Sept.
were
first
due
opening.
Report—
April
from Jan.
the balance of the
1942,
pany's
year
Co.
Sterling
clude
reserves
stock,
passenger
according To
McCarthy,
Propellers
income
payment which
-■
of
from the
Pawtucket, R. I., dispatch states, has started
machines, which are turning out propeller
blades,
p.
its
The
of
in
tures
.
receivables
on
10-year 4Vz%
with
for
months
rate
''
•
the
The
;
and
made
.
utilization
accomplished by the company in the first half of
Mr. Crary said that" tire figures covered United's
operations only and did not take into account the
tions which United is conducting under contract
New Plant Starts Operation—
•
of
(Canada), with 47 stores in 19 cities in Alberta, Ontario, Manitoba,
Saskatchewan, and Quebec—all as of May 31, 1943. In
1933 'the
domestic subsidiaries, The Owl Drug Co. and
Liggett Drug Co., Inc.,
the
Fr.esi-
committee
other
and
quarterly
.
.
$60,450;
notes
Transport Command.-
\
1940
i
record
Revenue
National
(
operations
15,
accounts.
mortgage
common
months
number
Vice-President.
policy
and
estimated, -United's
six
'
continue
executive
tax
on
1942
14</2%,
H. Mansfield
Horner
was
designated Vice-President in charge of
manufacturing and will coordinate the activities of all divisions of the
corporation, while continuing as General Manager of. the Pratt &
•Whitney Aircraft division;,
t-
and
was
158,363,757 for a gain of 15%>" over
the corresponding period of 1942.
Express pound mile3 totaled 3,632,644,103, an increase of 13% over the 3,215,920,909 flown in the first
an
corporation have been authorized
by the directors, F. B. Rentschler, Chairman/ announced on July 27..
dent.
in
revenue
1946
Corp.—Changes in Personnel—
$0.52
payable,
were
shown.
In
Several executive-changes, in This
E.
'
formed
Inc.,
company
the
company's subsidiaries comprising this group are Liggett Drug
Inc., which, with its subsidiaries, operates 387 drug stores in 207
cities east of the Rockies; The Owl
Drug Co., with 134 stores in 35
cities, principally on the Pacific coast; and Louis K. Liggett
Co., Ltd.
are
total
.*
440,851
$0.92
June
Common
common
six
half
a
440,851
$1.86
coal
losses
first
S.
Crary,
and
15,
March
for
war-time' civilian
em-
from
440,851
$2.10
$164,007;
ending
in
;
;
Drug,
as
of
Manufacturing Group
with
Harold
1943),
salaries
collection
of Sept.
as
stock
best
and
(I)
United
477,650
from
include
$350,000
new.
first
Federal
ended-Feb. 28,"
accrued
$1,880;
for redemption
5'V
served
$29,759
"
$239,677;
period
Union Investment Co.—Debentures' Called—
\
$302,237
United Air Lines Transport Corp.—New Records—
A
was
-j
capital
pro
former
merchandise,
,
of
$489,843
10 and Dec. 10, 20 cents each.
directors also declared the usual quarterly dividend of $1:37Vi
share on the 5J/2$ preferred stock, par $100, payable Sept, IE) To
holders of record Sept. 4.—V. 157, p. 2054.
;
payable
accounts
taxes1 for/seven -months
other
$642,844
36,335
The
years;-- $1,250,792; * accrued
$591,170;* other
110,213
j
per
ployees against their subscription-to U,'S. war bonds, series E, $58,844;
reserve
for workmen's compensation insurance, $139,528; capital stock
($2
par),.,.$989,444/-capital, surplus,v, $382,227;
earned surplus, $1,371,466; total, $13,431,306.—V. 158, p. 495.
'
was
for
it
by other manufacturers, to independently-owned drug
stores called Rexall Drug
Stores, and to a smaller extent to the retail
drug stores operated by the company's subsidiaries; and
(B) The operation, by subsidiaries, of retail
drug stores situated
Sept.
companies), $337,'317;- approved workmen's
payable, $32,112; • accrued Federal and State in-*
profit taxes
t20,325
110,213
—
of
U.
amounts
ments
affiliated
State-/income and
<
banks, (due
to
payable -(trade),
24,762
330,638
of
profit
taxes,
assets
$1>653.161;'•
22,165
360,040
surplus
directors
the
Like
(including post-war refund of excess profits
; taxes
of $477,922), $1,280,171; plant, property and equipment (less
preserve
for depreciation and amortization of $459,205),
$998,041,
patents/formulae and processes, $24,848;'.total, $13,431,306.
i'v/.*,
-I
85,258
$8,480,010),
$8,096,636;
prepaid
expenses
and
deferred
$457,339; goodwill, trade. names, etc., $1; total, $12,031,692,
of
The
on
4,900,000
Assets—Cash, $269,775; accormts receivable (less provision for uncolle'ctiblei items),. $7,528,742;'U. S. war bonds/ series E, for employees,
$28,537; inventories, $3,049,443; deferred charges, $251,749; investments
and
-
i
$5,785,775
——„
.
1943
28,
stk.
reserve
20-Cent
1, ,1942—i———'* 37,104
,,
$176,307
stock), $2,769,421;
total, $12,031,692.-
$1,360,775
Nov.
$432,775
-
Consolidated Balance Sheet, April 30, 1943
connection
38.226
taxes——//_——
post-war
Net profit
Dividend paid
,
•
profits
$845,243
pfd.
stock
(less
extent
$5,747,549
_
Provision for income and excess
Excess
$1,025,049
267," other non-current liabilities, $88,551; reserve for pension fund,
$35,000; 5Mj% cumulative preferred stock (par $100), $278,900; com¬
mon
stock
ino
par), $4,138,538;
capital surplus, $1,376,273; earned
surplus (surplus is restricted under preferred stock provisions to the
1
Selling and administrative expenses./——589,737
Z___———-
Profit
Used
51,102
56,654
acquisition of-capital stock of Central Barge Co.),
$500,000; first mortgage notes on certain towboats and barges, $1,231,-
$21,442,916
—
50,348
120,000
—
corporation,
by drug stores; these products are enumerated in the
order of their importance in relation to the 1942
volume of sales; and
(2) The distribution by the
company throughout the United States
of the above-mentioned
products, together with certain other produots
$369,321
47,574
507,500
—
maturities
rent
•,
taxes
sales
_L—
be
principal
been
(A)
of
accrued
1
from
return
$603,123
57,14-7
Liabilities—Notes
sales$21,543,056
discount and freight allowances to customers————
103,141
Net
$1,400,317
Jersey
pharmaceuticals, and also rubber articles, stationery, toilet goods,
confectionery, fountain supplies, surgical dressings and other products
1,217,000
per com. share
charges,
Cash
1
would
sidiaries
taxes
shares
(less
ciation
r
Earnings for the Seven Months Ended Feb. 'a8, 1943
•"Net
the
$369,321
■
\; -—
$2,299,196
to
commissions,
•
$603,123
''
inventories,
$726,543;
investments,
$35,000; plant and equipment (less
Triumph Explosives, Inc.—Earnings—
.
$1,400,317
89,209
.
$40,802,207'
v v-'' /> •'
■
to
Assets—Cash, $779,088; U.. S. Government securities, $52,000; receiv¬
(1942," $17,403,331),'
fRepresented by 2,429,318 nq
^Represented by 1,360 shares of $6 cumulative preferred
at cost.—V.
each
have
61,268
tDoes not
2,429,318
24,937,130
$Br88,266
by $5,019,498
'
693,395
/—_1
'.."v''''1"
2,429,318
_
; par shares,
1,062,716
675,708
$2,148,719
New
a
Delaware
corporation,
was
created
in
August, 1933, to acquire and hold all of the stock of United
Drug Co
while the capital stock of United
Drug, Inc., was distributed
1, 1943, the date
acquisition, to April 30, 1943, and 19% of such earnings from
May 1," 1942, to Dec. 31, 1942, the balance of the fiscal year, repre¬
senting the company's interest in Central Barge Co.
i"'//-t,
.C,
2,460,000
f
3,534,500
—-
■
♦The
•
—/-l—
1,278,831
716,445
transp.
,
predecessor corporations of
which,
1902.
the
company returned to
and
United
Drug,
of
25,051,280
stock
2,116,762
Note—(1)
Net- profit
for
the
fiscal
year
ended
includes the earnings of Central Barge Co. from Jan.
-
2,460,000
6%cumulativepref erred stock—-:—_A—--.—~
Treasury
2,830,279
taken up in previous year's
233,973
^'Surplus
•
of
the
Delaware
1933, when
of
■
years.
314,565
purchasea——
i
3,
of
in
the managements of each of the
constituent companies reached the
conclusion that the grouping was not workable and that
the interests
30
and
charges
•Included
$43,884
317,667
$70,331
——
cash—
Nov.
of
incorporated
was
successor
one
Inc.,
income—
inc.
the
is
first
presently outstanding in
interest.
Subsequently all of the capital stock of BristolMyers Co.. Vick Chemical Co., and Life Savers,
Inc., was also acquired
by Drug, Inc.
These shares continued to be so held until
1940
—681,560
common
$40,161,620 $40,802,207
-/ />*..
stock
April
1953,
plus
(Inc.).
(with
6,900,000
-tCommon
Ended
1941
15,
103%
holding company known
a
all
Products
3,694,084
charges
It
the
on
1928
March
at
Business-—Company
1928.
name,
In
$5,525,871
Divs. paid on com. stock
Vjv'•/-i' V.
against
Years
1942
3,631,976
Outstanding
347,427
Funded
.
loaned
securities
securities
11,
due
public,
and
organized
oper.
profit
Bal.
loans: .—5,900,000
Bank
Account,
$5,953,895
river
the
of
same
production,
war
$8,985,457
Div. requir. on
*1,500,980
i.
■■■
prac¬
estab¬
*37.837.340
—
^r_^———X
Liabilities—...
to
our
$11,183,085
coal
State
Special
Net
750,269
interest, etc.——
■Reserve for expenses <&; taxes-/—
Interest accrued ,& dividends payable
involved in
of
4,744,480
income
&
Earnings
i'i
Income
income
Total
436,800
38,070,947
dividends receivable—
Total
'
indirectly
most
bonds
History
Feb.
channels
same
and
5,241,027
deprec.
from
Fed.
1942
1943
•v.
cost—/
cost——/
Receivable for securities sold-
,
the
5%
made
V
>
$556,207
'Investment
hands
duration.
war
587
25-year
30
'
"
.
the
tons
other
•Other
$362,310
434,415
424,845
424,140
.
Balance
J" -.
war
The
'
Assets—
of
coal—
of
for
Interest
Net
Preferred
in
Profit from coal oper.
and
other
income-
141,500
.
requirements
acquired
.>106,111
$469,107.
,
for
or
Consolidated
coal
from
and
566,088
99,482
85,539
120,500.
$390,846 :
A-J—//_<;
directly
are
depletion
$635,348
25,581
the
stated.
of
sales
Profit
$69,259
.$63,685,,
670,985
modified
*1943
•
$102,368
559,696
that
>
Produc.
Prov.
1940
all
coal is going in much
markets as before the
customers
Comparative
1943,
.
1941
1942
$86,311
545,516
—.
be
to
same
Truax
to
has paid in full its outstanding bank loan of $850,000,
which was due $250,000 on Feb. 15, 1944, and 1945, and
$350,000 on
Feb. 15/ 1946, and is now completely out of debt to banks.
indicated,
1943
earned
the
apparent
The company
Earnings for 6 Months Ended June .30
v
Interest
have
company's
lished
Mr.
be
CHRONICLE
take precedence over home needs.
In this connection,
of choice of fuels now enjoyed by industry and home
range
may
tically
bank loans and debentures were
covered -4.1
times, the asset coverage of the
preferred stock was
$183.87 per share and the common stock had an asset value of $4.88.
,
wide
users
Corp.—Quarterly Report—
assets
should
it
& FINANCIAL
—,—
6,300,000
applied
Total
-
-
$70,898,869
Monday, August 9, 1943
588
n
.I
.
payable (trade, etc.)
1
"SkReal estate purchase obligations, maturing within one year
Note of a consolidated subsidiary payable to bank™.—_™
Accrued
Taxes
payrolls and commissions
than Federal and Canadian
profits
cess
accrued
Reserves
liabilities
i
r
and
Real
after May 31,
Z.*..
1944
bonds,
5%
25-year
-
1953—
stock
;
™
Capital
surplus
™
30,246,700
"The
—
————
1933———.—,—-—w_
———J—————————————--------
$70,898,869
and preferred
shares underwritten, are
Co., $2,000,000
and 10,000; Adamex Securities Corp., $200,000 and 1,000; A. C. Allyni &
Co., Inc., $200,000 and 1,000; Auchincloss, Parker & Redpath, $150,000
and 750; Bacon, Whipple & Co., $150,000 and 750; Baker, Weeks &
Harden, $150,000 and 750; A. G. Becker & Co., Inc., $300,000 and
1 500; H. M. Byilesby & Co., Inc., $150,000 and 750; Central Republic
CO.
(Inc.), $400,000 and 2,000; J. M. Dain & Co., $100,000 and 500;
Paul H. Davis & Co., $100,000 and 500; R. L. Day & Co., $150,000
aiid 750; Dominick & Dominick, $300,000 and 1,500; Eastman, Dillon &
Co., $400,000 and 2,000; Estabrook & Co., $300,000 and 1,500; Fahey,
Clark & Co.,
$100,000 and 500; Farwell, Chapman & Co., $150,000
and 750; Field, Richards & Co., $150,000 and 750; First of Michigan
Corp., $150,000 and 750; Glore, Forgan & Co., $800,000 and 4,000;
Goldman, Sachs & Co., $600,000 and 3,000; Hallgarten & Co., $400,000
and 2,000; Harriman, Ripley & Co., Inc., $700,000 and 3,500; Harris
Hall & Co. (Inc.), $300,000 and 1,500; Hawley, Shepard & Co., $300,000
and 1,500; Hayden, Miller & Co., $200,000 and 1,000; Hayden, Stone &
Co
$400 000 and 2,000; Estabrook & Co., $300,000 and 1,500; Fahey,
Henry
Herrman
& Co,, $100,000 and 500; Hornblower & Weeks,
$600 000 and'3,000; W. E. Hutton & Co., $400,000 and 2,000; Illinois
Co
of Chicago, $150,000 and 750; Kebbon, McCormick & Co., $150,000
and
750;
Lee
Higginson Corp., $600,000 and 3,000; Carl M. Loeb,
Rlioades & Co., $200,000 and 1,000; McDonald-Coolidge & Co., $200,000
and 1,000; Milwaukee Company, $150,000 and 750; Moore,.Leonard &
Lynch, $150,000 and 750; Mullaney, Ross & Co., $100,000 and 500;
Maynard H. Murch & Co., $100,000 and 500; Nashville Securities Co.,
$100 000 and 500; Newhard,
Cook & Co., $150,000 and 750; Paine,
-J*Webber, Jackson & Curtis, $600,COO and 3,000; Piper, Jaffray & Hopwood,
$100,000 and 500; Riter & Co., $200,000 and 1,000; E. H.
Rollins & Sons, Inc., $400,000 and 2,000; Schwabacher & Co., $100,000
and 500; Chas. W. Scranton & Co., $150,000 and 750; Shields & Co.,
$600,000 and 3,000; Sills, Troxell & Minton, Inc., $1C0,C00 and 500;
Spencer Trask & Co., $400,000 and 2,000; Stein Bros. & Boyce, $200,000
and 1,000; Stix & Co., $100,000 and 500; Stone & Webster and Blodget,
Inc., $600,000
and 3,000; Stroud & Co., Inc.,. $200,000 and 1,000;
...
ration
clear
sell
to
set
its
Utilities
Public
V.
its
of
distribution
a
Net
Thompson
W.
transfer
'
•,
Net
for the
United Stated Playing Card Co. (& Subs.)—Earnings—
6 Mos. End. June 30—
♦Net
profit
Shs.
stock
cap.
($10
1943
par)
1942
f$658,323
—
outst.
1941
for
-
,
385,603
385,603
' 385,603
$0.99
$1.42
$1.36
'
The
1
Subs.)—Earnings—
United Gas Corp. (&
-
Period End.
April 30—
Operating
revenues
Operating
expenses
Federal
Manhattan
Other
Prop,
-
V.
retire.
Net
20,361,292
;,803,382
6,511,561
4,943,595
of 27,500 shares ($10 par)
stock was made Aug. 4 by Merrill Lynch,
Pierce, Fenner & Beane; Alex. Brown & Sons; Johnston,
Lemon & Co.; Brown, Goodwyn & Olds; Ferris Exnicios
& Co., Inc.; Robert C. Jones & Co.; Mackall & Coe; and
Robinson, Rohrbaugh & Lukens, The shares were priced
at
$34.75.
The offering represents shares held by
Brainard W. Parker and the Washington Loan & Trust
Co., as executors of the estate of Donald Woodward, de¬
ceased.
The corporation will receive no proceeds from
—
Interest
on
375,000
375,000
1,500,000
512,755
:
debentures.
J
interest
Other
48,750
526,915
1,999,139
Int.
•
charged
to
(Cr)
68,843
12,099
24,229
Other deductions
1,500,000
2,030,132
*
167,765
Balance
$2,672,835
——
applic.
41,845
214,141
176,237
59,383
declared
A
of
;
four
in
•"
.
quarterly
regular
of
by
Dec.
on
1
31,
partnership
a
J'
.
incorporated under the laws of the District
1906, as the successor to a business founded
was
the
of
Corporation
name.
same
declared
a
by
10th,
11th,
Merchandise sold
shoes
in
Streets, N. W.* Washington, D. C.
consists of ready-to-wear and accesories
and
F
the store
G
girls and infants; men's and boys' clothing,
haberdashery; furniture and home furnishings of all types;
and silverware; stationery; toilet goods; notions; books; trav¬
and
jewelry
40
eling
and
goods;
wide
a
and phonographs;
radios
foods and confectioneries;
sold in large
3,768 persons. <
Corporation employs approximately
'
:
.
toys;
variety of other general merchandise usually
department stores.
Capitalisation
Preferred
the
*1%#
the
at April 30, 1913
as
$5,803,691
taxes
1113,302
*142,711
dated
$2,708,284
*38,677
March
15,
due $125,000 on
1941,
March
U41.024
Sales
and
Earnings, Years Ended July 31
Profit
__
_
$924,786
714,879
16,491,176
1,198,058
19,078,109
1,643,728
246,434
603,000
1942
June—
Gross
from
$2,483,703
1,455,274
made
$1,923,439
1,036,390
railway™™™
573,213
$2,231,179
1,119,325
income™
457,453
615,102
830,829
793,954
12,928,362
13,512,400
12,798,644
12,387,127
railway™,™
Net.: from
6,076,067
6,872,032
3,529,681
6,778,358
3,813,265
6,835,640
income..,
3,824,868
5,304,099
$1,658,792
railway
oper.
ry,
1940
1941
1942-
1943
.
from
Net
from
ry.
—V.
railway.™
•
oper.
158,
Since
30.
577,720
951,624
1,040,728
1,103,583
1,513,300
927.800
2,075,541
and
sales
or
are
expenses
the
chase
nine
are
follows:
as
>
-•
;
•
i■
-
cB<rri6(l
to
consol. earned surp.
$2,630,990
of
Earnings
Period End. April 30—
Operating
revenues
expenses
—
Federal
'^Other
taxes
Prop,
•'
.
taxes
z
<
*.* •? •
Only
Company
_
203,014
-
Warner Co.—Tenders Sought—
$7,481,682
$7,659,596
$2,727,058
*
t
The
654,900
653,600
222,200
to
sufficient
interest.—V.
7,013
Bank
Trust
&
trustee,
Co.,
exhaust
156,
p.
at
$335,627.43
not
prices
to
3.850
7,012?
exceed
100 V*
Net
oper.
$812,438
$610,612
$1,323,416
$935,234
2,061,565
1,739,617
9,981,887
8,266,666
revenues-
income
(net)—
Warren Brothers Co.—To Redeem
4%% Bonds—1
income
$2,874,003
_™
Net int. & other deduct.
Net
$2,350,229 $11,305,303
989,334
950,252
3,804,625
496.
$7,500,678
Westinghouse
Annual
In
Harrison
of
has
filed
Miss.,
gas
corporation
the
County,
South
certain
Western
further
later.—V.
158,
United
Gas
payments
&
SEC
and
for
Co.
described
plan
a
in
to
purchase
distribution
$812,500
an
in
the
facilities
cash
and
Gas
set
Co.
—
Proposal to Merge
Sept. 9—
hearing for Sept. 3 on the proposal of the com¬
pany to merge Delaware Power & Light Co., a subsidiary of UGI, and
Eastern Shore Public Service Co. (Del.), upon acquisition of stock of
the latter company into one Delaware company. Application of UGI to
acquire
Shore
Co.
Eastern
include
Maryland,
Public
the
Service
Maryland Light
of Virginia.
Co,
&
Power
The
158; p.
Co.,
proposals
of Maryland Light & Power into Eastern
merger
Maryland.—V.
stock is now .pending before the Commission.
outstanding stock of Eastern Shore Public
all the
owns
of
Shore
the
a
Shore
Eastern
Eastern
Service
and
also
Shore
of
Upholds SEC Dis¬
solution PlanApproval by the SEC of the dissolution program of United, including
a
new
concept of the rights of preferred and common stock holders
in such situations, was confirmed by Judge Paul Leahy in the U. S.
at
Del., July 30.
The case went before Judge Leahy through applcation by the SEC
for court approval of its actions and for the necessary enforcement
the Delaware Federal District Court having Jurisdiction because
order,
the
utility transacts
the
When
•
substantial portion of its corporate business in
a
district.
that
last
^was
Wilmington,
April
in
by
sharp
company
prise,
plan,
were
a
as
amended
four-to-one
by
Power,
decision,
was
approved
Commissioner
by
Robert
the SEC
E.
against a
94.52#
Fealv
first half
allocation to the preferred stock.
contended
that
under
the
rule
of
"absolute
priorities" the common stock holders were not entitled to participation
Manufacturing
&
Co.—Semi-v
as
of these
many
of
civilian
Chairman, disclosed that
Production
from
mass
production
return
techniques
as
peace."
speed with which American industry has changed
peace-time production to war production, he reported:
Electric
Appliance Division,
which
was
affected most
severely
the
national jp°hcy to discontinue manuiacture of domestic appli¬
after, the start of the war, has converted its manufacturing
completely to war production within the past year.
Although
employment at this division's plant in Mansfield, Ohio, had dropped
soon
from a pre-war peak of 5,580 to a low of 1,270 during the conversion
period, the employment at this plant now exceeds 4,500 and is climbing
steadily.
The same organization which formerly produced electric re¬
frigerators, ranges and irons now is turning out large quantities of
such war goods as anti-tank shot, aircraft parts, military communica¬
tion equipment, binoculars, and some 33 other types of war equipment."
Indicating the importance of radio and allied products in modern
warfare,
Mr.
Robertson
said
that
while
all
divisions
of
Westinghouse
operating at capacity, the most active manufacturing unit in the
company is the Radio Division, with headquarters at Baltimore, Md.
income
provision
for
Income
Reported
at Westinghouse for the first six
months
of
1943,
after
renegotiation of war contract prices, was $9,480,271.
These earnings for the first half of the year are equal to $2.95" per
Bhare of the company's stock outstanding.
Mr. Robertson reported that orders booked by Westinghouse during
.
receivable—™—
98,524
2,067,554
4,139,057
'
—_i_____—_i_;'y
Deferred charges
value
surrender
Cash
buildings
Land,
and
of
life
net)
used
equipment
145,230
746,749
6,036,643
759,998
in
(net)—
—
405,869
146,518
—
fixtures,
buildings,
(not
equipment
264,564
etc.
insurance,
Total,
6,157,407
$14,690,634 $15,063,065
—
Liabilities—
to
payable
$1,000,000
bank____—
payable for merchandise,
Notes
155,014
1,518,525
625~000
taxes,
500,539
681,660
—^™
of Columbia
payable
trust notes
First
1,501,557
supplies, ex-
accounts
and District
$1,225,009
1,700,013
Notes
Accounts
750,009
77,509
—
payable to bank
notes payable
25,009
trust
First
118.130
7#
cumulative
preferred
stock
stock
Common
Earned
____—
—.—.—
surplus
—
—V.
158,
June—-
from
Net
ry.
From
Gross
2,500,009
5,132,483
railway
railway
oper.
income
Valley RR.—Earnings—
1941
1942
1943
1940
$1,593,283
605,884
403,336
$1,137,523
245,409
22,445
14,666,055
8,265,416
6,848,911
2,611,417
5,252,335
1,452,923
7,287,297
2,016,323
729,782
$3,392,115
1,514,012
684,467
$2,922,076
1,487,353
1,191,311
19,762,940
8,631,158
4,026,414
January 1—
from
Net
from
Net
ry.
—V.
,
from
Net
2,000,009
400.
p.
Yazoo & Mississippi
Gross
117,987
2,000,000
2,500,000
5,565,292
$14,690,634 $15,063,066
Total •:'
railway™™
railway™—™
oper.
Income
158, p. 200.
Zonite Products
Corp.—Earnings—
(And Canadian
Period End. June 30—
♦Net
are
Net
248,797
2,063,875
3,432,224
accounts
and
possible to manufacture
of
the
facilities
Net
April 30,'43 July 31, *42
$1,751,266
$1,289,427
-
.
Inventories
Accrued
Set
Record
of this year
goods with
Emphasizing
over
'
;
savings bonds, at redemption value______
Notes
1,925
Comparative Balance Sheet
^
"
—
Cash
Land,
marked the highest production period in
the company's history, with sales billed amounting
to $322,559,295,
after provision for renegotiation of war contract prices, an increase
of 35#' over the same period in 1942.
Unfilled orders at the end of
June, this year, were $946,182,753, an increase of 35# over June 30,
1942.
Mr. Robertson pointed out that the company's development of
war production techniques has demonstrated that
"any manufacturing
activity of the company lends itself to mass production methods, pro¬
vided the items are needed in sufficient quantities, thereby reducing
their cost."
He added that it will hfe Westinghouse policy "to apply
Healy
disagreement because the common stock holders of the
granted a 5.48# participation in the continuing enter¬
v
Federal
ances
Court
?'V:
'
1,925
s
Robinson, Rohrbaugh & Lukens_______—.—
' <
New
by
District
:
1,925
;
services.
"Our
United Light & Power Co.—Court
'
report to directors, A. W. Robertson,
a
armed
"
198.
: '
employment at Westinghouse reached an all-time high of
103,730
people in June this year, compared with 87,962 a year ago.
He also
announced that more than 14,000 Westinghouse employees are in the
The
Improvement
Electric
Report—
to be filed
agreement
495.
p.
SEC has
Electric
be
Units To Be Heard On
The
the
manufacturing
to
,;;
:
with
v' ''•■■■'
'
V
7
$5,378,886
Purchase Plan Filed—
The
Mackall & Coe___________
operations,
3,823,014
$1,399,977
.
U. S.
$9,201,900
$1,884,669
income
Robert C. Jones & Co.__
.
of
1,925
Co., Inc.
:
and
the outstanding series A collateral trust 4V2#
bonds, due
1956, have been called for redemption as of Sept. 3 at 100 and
interest for the sinking fund.
Payment will be made at The First
National Bank of Boston, trustee, 45 Milk St., Boston, Mass.—V. 158,
All
p.
Gross
Exnictos &
;.V
2143.
1,925
Brown, Goodwyn & Olds
Ferris
Philadelphia,
Feb. 1,
Other
.
Assets—
727,620
745,732
203,265
221,200
National
-
will until 3 o'clock p.m. (E.W.T.) on Aug. 26 receive bids for the
sale to it of
first mortgage 6#
sinking fund bonds to an amount
retire, reserve ap-
propriations
Tradesraens
»'•
.
Pa.,
1943—3 Mos,—1942
1943—12 Mos.—1942
$3,801,962
$3,665,023 $10,963,029 $10,489,826
2,248,267
7,529,197
7,412,550
2,203,017
380,679
711,084
759,522
362,293
—
Operating
*j.
<
Shares
Johnston, Lemon & Co.__
______________________
B&l&iicc
not
over the year, the results
ended April 30, 1943, may not
ratably
months
Merrill Lynch, Pierce, Fenner & Beane„_
Alex. Brown & Sons
199.
p.
incurred
April
$766,358
from operations
be indicative of
the results from operations for the year ending July 31, 1943.
Underwriting—The names of the several principal underwriters and
the number of shares of common stock which each has agreed to pur¬
for,
From Jan. 1—
ended
months
Income
$158,427
3,003,350
19,972,521
♦Nine
on
2,616,883
22,940,056
•1943
Virginian Ry.—Earnings-
Income
137,158
1940
_________________
1939'
tBefore Federal taxes.—V. 157, p. 2260.
period.
Before Taxes
1941
period, and equal to $0.04 a share on the class B stock for the
Net
Taxes
Net Sales
$14,759,986
15,262,641
1938
♦Equal after dividend requirements on the participating class A stock
to $0.22 a share on the 306,386 shares of class B stock for the nine
months'
$625,000
payable to bank_____
profit after charges
and
20,000 shs.
250,000 shs.
$1,000,000
$10)
(par
Amt. Outstdg.
20,000 shs,
250,000 shs.
cumulative (par $100)
each March 15
15, 1942.
These notes were originally issued
in the aggregate principal amount of $1,000,000.
As of April 30, 1943,
the notes due March 15 of 1942, 1943 and 1944 had been paid and on
June 14, 1943, the corporation anticipated payment of the note due
'r March 15, 1945, to the extent 'of $75,000, leaving outstanding after
said date $550,000.
" 4" "
1943—9 Mos.—1942
$1,239,498
notes
commencing with
on
$2,507,316
stock
•Unsecured,
29.
.
1943—3 Mos.—1942
stock, 7%
Common
Universal Cooler Corp.—Earnings—
and
owns
department store which occupies practically the entire block
a
'for women, misses, juniors,
•
-
dividends
1880
bounded
preferred
6.4#,
Columbia
operates
Co.—$1.75 Common Dividend—
Period End. June 30—
Net
«
;
nority interests
$7,695,823
$7,835,833
$2,786,441
mi-
to
'•
four regular
stock of no
V
Sales
Gross
Portion
:
,
25,362
54,755
118
Business—Company
dividend of $1.75 per share on
common stock and the usual quarterly dividend of like amount on
7% preferred stock, both payable Aug. 2 to holders of record July
The, last, previous payment on the common stock was $2 per share
June 15, 1942.—V. 155, p. 1928.
: :
:
v
Net
con-
struction
the sale of this stock.
Corp.—Preferred Dividends—
declared
3
series
directors recently
The
195,000
195,000
48,750
—
has been ap¬
series A.—
-
Authorized
trust
collat.
on
'.,vv
Sugar
also
the
on
$3,749,205 $11,544,060 $11,563,358
$3,633,451
income
Gross
bonds
the
cumulative preferred stock,
'■
Aug.
on
directors
each
three months'
Int.
■'
Universal "Winding
$3,729,773 $11,200,175 $11,176,709
19,432
343,885 '
386,649
$3,618,500
14,951
(net)—
of
at $27.50
stock, par $25, payable
Sept. 10 and Dec. 10, 1943, and March 10 and June 10,
1944, to
holders of record Aug. 25 and Nov. 26, 1943, and Feb. 25 and May 25,
1944, respectively.—V. 157, p. 2459.
12,464,720
12,460,785
3,289,557
Bank
all
1943,
1,
.
'
be made at the Bank of the
will
'
The
cents
4,458,092
3,078,368
revenues
income
15,
Net
deplet.
appropriations
of Sept.
as
■
quarterly dividends
each on the $5 preferred
par value,
payable
1943, and Jan. 15, April 15 and July 15, 1944, to holders
Oct. 1, 1943; and Jan. 3, April 3, and July 3, 1944, respec¬
record
tively.
5,720,949
877,963
directors
$1.25
Oct.
.
States
United
The
of
:
...
New York, N. Y.
City of New York
Wall St.,
40
■■
of
'
redemption
for
Payment
Stock
Preferred
—
■"
V' '-VT ::■
V
&
oper.
Other
5,028,457
2,194,523
called
National
158, p. 495.
19,720,024
5,087,617
—_
—
taxes
has
dividends.
Company,
Chase
The
\
1,263,014
taxes
reserve
;•
and
pointed registrar for the 4%#
1943—3 Mas.—1942
1943—12 Mos.—1942
$15,242,022 $15,729,132 $55,477,408 $53,540,494
-
'S'W.
;
20,176 shares of outstanding preferred stock, par $20,
share
per
Corp.
Plywood
,
corporation
of the
$200,000
Corp.,
States
United
Lothrop, Washington* B. C.—Stock Of¬
distribution
common
depreciation, Federal and Canadian income and excess profits
of $149,387 has been included in the above
earnings.—V. 157, p. 2260. ..
.
tA post-war refund
Called—
158,
158, p. 200.
fered—Public
♦After
taxes.
and 1,000; Tucker, Anthony & Co.,
$300,000 and 1,500; Union Securities Corp., $600,000 and 3,000; G. H.
Walker & Co., $200,000 and 1,000; White, Weld & Co., $600,000 and
3,000; Whiting, Weeks & Stubbs, Inc., $150,000 and 750; Wisconsin
Company, $300,000 and 1,500; Dean Witter & Co., $300,000 and 1,300;
Harold E. Wood & Co., $100,000 and SCO; Yarnall & Co., $150,000 and
750, and Kuhn, Loeb & Co., $700,000 and 3.500.—-V. 158. p. 400.
.
American
Swiss
share
per
$4,000,—V.
Woodward &
385,603
$1.71
—
,
-
Earnings
prices.—V.
contract
war
1 '
$522,501
.
of
renegotiation
•
1940
$548,758
%
$382,585
—
road was sold July 19 In three sections, subject to confirmation
by the court, to the Machine Tool & Equipment Co. of New York, and
jointly to J. D. Orrell of Wilmington and Dr. L. C. Fergus of Southport
'for the
total sum of $72,500.
\
! ;•
>The property was bought in sections, as follows:
Rail line and
.equipment at $48,500 by the Tool company; and bus line, franchise
and motor freight line by the same New York-firm for $20,000; and
real
estate
at
Southport
and Bolivia by Orrell and
Dr. Fergus
$105.—
at
for
:
•
11,568,401
;
*9,480,271
Wilmington Brunswick & Southern RR.—Sale—
of $16,000
sum
estimated
6,731,712
3,038,027
contingencies
taxes
provision
496.
8,395,264
9,239,528
The
.
.
4,395,169
41,239,775
5,198,329
after
♦After
P.
taxes
,
taxes™
tax
Provision for post-war
regard for what
assets under tho
Service Corp.—Hearing Aug. 25—
less
s
profits taxes
31,224,696
Post-wkr refund of excess profits tax Cr3,122,469
hearing for Aug. 25 on the proposal of the corpo148,055 shares of class B common stock of United
to Wilbur
1941
$
Excess
a
Corp:
billed
income before
Normal
>/,.
262.
p.
Sales
the
1942
473,631,033 542,267,334 300,301,952
943,182,753 703,328,980 340,440,794
™™*322,559,295 238,271,213 175,557,093
*45,818,854
52,366,656
29,203,193
booked
Orders unfilled
common
'a more senstitive
in
and commissions
fees
of
157,
in
from the
13#
drop of
$473,631,033, a
$
•'
*
United Public
the amount of debentures
as follows:
Smith, Barney &
Railways
holders.
The SEC has
with
underwriters,
The
to
and what is wrong'
157, p. 2355.
right
Underwriters
of
majority opinion expresses
Act."—V.
13,536,007
'
Total
>- is
i,-,™-— ■—--*-,1,409',830
—
Surplus earned since Dec. 31,
stock
and
totaled
1943
1943
Orders
of
5.48%
common
preferred
Power's
-to
1,976,837
———
™_—1
Capital
207,054
—
—
—
-
—-
7,348,640
—
a
the
all
of
of
1942.
for
its
ratio of 94.52.# to
stock holders, for the
assumption by Railways of Power's liabilities, the transfer of Power's
remaining assets to Railways and, finally, dissolution of Power.
Judge Leahy's opinion supported the views of the majority of the
Commission in the matter of the percentages of participation accorded
Power
Power's
of
Act.
the
to
half
half
Earnings for Six Months Ended June 30
the contribution of cash and
subsidiary, United Light & Railthe preferred and common, socks
single class of common stock by way of the distribu¬
Power
first
first
equi¬
of
tion
and
™
Reserves
into
"fair .and
not
was
551,716
™
income
Canadian
profits taxes
_____
estate purchase obligations, maturing
excess
1,145,173
of
substance,
in
of
reclassifcaton
the
for
participation
316,614
__
Federal
estimated
for
standards
the
investments
Co.,
ways
5.48#
a
provides,
plan
'
debt
funded
interest on
Accrued
Other
accrued
taxes)
under
The
certain
the
preferences" of the preferred stock holders
argued that the action of the majority in granting
He
securities
junior
table"
75,000
790,116
„__™_
and ex¬
income
or withheld-.--.,—;
(other
the
liquidating
satisfied.
were
$6,284,901
7,482
"full
the
until
LiabilitiesAccounts
Earns,
profit
per com.
sh
Subsidiaries Only)
1943—3 Mos.—1942
t$168.348
$0.20
t$65,617
,$0.08
1943—6 Mos.—1942
$270,347
$0.33
$100,025
$0.12
for depreciation, Federal taxes, etc.
tlncludes
$34,500 (1943) and 42,270
(1942) recovery of portion of the reserve
for future advertising.
Note—For
the
respective six
months' periods, the provision for
future
advertising amounted to $26,000 in
1943 as compared with
$5,000 in 1942, and the provision for Federal and foreign taxes totaled
$279,282 against $34,609.—V. 157, p. 2460.
♦After
provision
@FedFRASER